John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.2%
Communication services – 10.1%
Diversified telecommunication services – 2.1%
AT&T, Inc.	1,665,447	$	63,020,514
CenturyLink, Inc.	223,752		2,792,425
Verizon Communications, Inc.	942,697		56,901,191
			122,714,130
Entertainment – 1.8%
Activision Blizzard, Inc.	174,824		9,251,686
Electronic Arts, Inc. (A)	67,171		6,570,667
Netflix, Inc. (A)	99,793		26,706,603
Take-Two Interactive Software, Inc. (A)	25,796		3,233,271
The Walt Disney Company	410,579		53,506,655
Viacom, Inc., Class B	80,677		1,938,668
			101,207,550
Interactive media and services – 4.7%
Alphabet, Inc., Class A (A)	68,271		83,368,449
Alphabet, Inc., Class C (A)	68,877		83,961,063
Facebook, Inc., Class A (A)	548,324		97,645,538
TripAdvisor, Inc. (A)	23,931		925,651
Twitter, Inc. (A)	176,190		7,259,028
			273,159,729
Media – 1.4%
CBS Corp., Class B	74,585		3,010,996
Charter Communications, Inc., Class A (A)	36,851		15,187,034
Comcast Corp., Class A	1,033,763		46,602,036
Discovery, Inc., Series A (A)(B)	36,021		959,239
Discovery, Inc., Series C (A)	79,080		1,946,950
DISH Network Corp., Class A (A)	54,836		1,868,263
Fox Corp., Class A	80,784		2,547,523
Fox Corp., Class B	37,007		1,167,201
News Corp., Class A	87,897		1,223,526
News Corp., Class B	27,756		396,772
Omnicom Group, Inc.	49,579		3,882,036
The Interpublic Group of Companies, Inc.	88,258		1,902,842
			80,694,418
Wireless telecommunication services – 0.1%
T-Mobile US, Inc. (A)	72,058		5,676,009
			583,451,836
Consumer discretionary – 9.8%
Auto components – 0.1%
Aptiv PLC	58,393		5,104,716
BorgWarner, Inc.	47,070		1,726,528
			6,831,244
Automobiles – 0.3%
Ford Motor Company	893,236		8,182,042
General Motors Company	286,365		10,732,960
Harley-Davidson, Inc.	35,723		1,284,956
			20,199,958
Distributors – 0.1%
Genuine Parts Company	33,295		3,315,849
LKQ Corp. (A)	70,247		2,209,268
			5,525,117
Diversified consumer services – 0.0%
H&R Block, Inc.	45,749		1,080,591
Hotels, restaurants and leisure – 1.9%
Carnival Corp.	91,263		3,989,106
Chipotle Mexican Grill, Inc. (A)	5,813		4,885,652
Darden Restaurants, Inc.	27,993		3,309,332
Hilton Worldwide Holdings, Inc.	65,381		6,087,625
Marriott International, Inc., Class A	62,307		7,749,122

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
McDonald's Corp.	173,096	$	37,165,442
MGM Resorts International	118,846		3,294,411
Norwegian Cruise Line Holdings, Ltd. (A)	49,140		2,543,978
Royal Caribbean Cruises, Ltd.	39,167		4,242,961
Starbucks Corp.	272,826		24,123,275
Wynn Resorts, Ltd.	22,076		2,400,103
Yum! Brands, Inc.	69,354		7,866,824
			107,657,831
Household durables – 0.4%
D.R. Horton, Inc.	76,705		4,043,121
Garmin, Ltd.	32,930		2,788,842
Leggett & Platt, Inc.	29,965		1,226,767
Lennar Corp., A Shares	64,823		3,620,365
Mohawk Industries, Inc. (A)	13,650		1,693,556
Newell Brands, Inc.	86,853		1,625,888
NVR, Inc. (A)	780		2,899,533
PulteGroup, Inc.	58,751		2,147,349
Whirlpool Corp.	14,479		2,292,894
			22,338,315
Internet and direct marketing retail – 3.4%
Amazon.com, Inc. (A)	94,705		164,399,357
Booking Holdings, Inc. (A)	9,690		19,017,691
eBay, Inc.	179,705		7,004,901
Expedia Group, Inc.	31,874		4,284,184
			194,706,133
Leisure products – 0.1%
Hasbro, Inc.	26,751		3,175,076
Multiline retail – 0.5%
Dollar General Corp.	58,592		9,312,612
Dollar Tree, Inc. (A)	53,933		6,156,991
Kohl's Corp.	36,269		1,801,119
Macy's, Inc.	70,410		1,094,171
Nordstrom, Inc. (B)	24,363		820,302
Target Corp.	116,453		12,449,990
			31,635,185
Specialty retail – 2.3%
Advance Auto Parts, Inc.	16,271		2,691,223
AutoZone, Inc. (A)	5,591		6,064,110
Best Buy Company, Inc.	52,866		3,647,225
CarMax, Inc. (A)	37,741		3,321,208
L Brands, Inc.	52,917		1,036,644
Lowe's Companies, Inc.	175,912		19,343,284
O'Reilly Automotive, Inc. (A)	17,439		6,949,616
Ross Stores, Inc.	83,123		9,131,062
The Gap, Inc.	48,821		847,533
The Home Depot, Inc.	249,613		57,915,208
The TJX Companies, Inc.	275,546		15,358,934
Tiffany & Company	24,780		2,295,371
Tractor Supply Company	27,183		2,458,431
Ulta Beauty, Inc. (A)	13,413		3,361,968
			134,421,817
Textiles, apparel and luxury goods – 0.7%
Capri Holdings, Ltd. (A)	34,549		1,145,645
Hanesbrands, Inc.	82,405		1,262,445
NIKE, Inc., Class B	285,331		26,798,288
PVH Corp.	16,899		1,490,999
Ralph Lauren Corp.	11,816		1,128,074
Tapestry, Inc.	65,380		1,703,149
Under Armour, Inc., Class A (A)(B)	42,882		855,067
Under Armour, Inc., Class C (A)	44,299		803,141

 

1

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
VF Corp.	74,419	$	6,622,547
			41,809,355
			569,380,622
Consumer staples – 7.4%
Beverages – 1.9%
Brown-Forman Corp., Class B	41,486		2,604,491
Constellation Brands, Inc., Class A	38,118		7,901,099
Molson Coors Brewing Company, Class B	42,816		2,461,920
Monster Beverage Corp. (A)	88,176		5,119,499
PepsiCo, Inc.	318,678		43,690,754
The Coca-Cola Company	877,152		47,752,155
			109,529,918
Food and staples retailing – 1.6%
Costco Wholesale Corp.	100,239		28,879,858
Sysco Corp.	116,966		9,287,100
The Kroger Company	182,066		4,693,661
Walgreens Boots Alliance, Inc.	172,913		9,563,818
Walmart, Inc.	324,142		38,469,173
			90,893,610
Food products – 1.1%
Archer-Daniels-Midland Company	126,948		5,213,754
Campbell Soup Company	38,438		1,803,511
Conagra Brands, Inc.	110,909		3,402,688
General Mills, Inc.	137,551		7,581,811
Hormel Foods Corp.	63,287		2,767,541
Kellogg Company	56,676		3,647,101
Lamb Weston Holdings, Inc.	33,203		2,414,522
McCormick & Company, Inc.	28,046		4,383,590
Mondelez International, Inc., Class A	328,702		18,183,795
The Hershey Company	33,953		5,262,375
The J.M. Smucker Company	25,994		2,859,860
The Kraft Heinz Company	141,814		3,961,574
Tyson Foods, Inc., Class A	67,164		5,785,507
			67,267,629
Household products – 1.8%
Church & Dwight Company, Inc.	56,319		4,237,442
Colgate-Palmolive Company	195,561		14,375,689
Kimberly-Clark Corp.	78,452		11,144,107
The Clorox Company	28,660		4,352,594
The Procter & Gamble Company	570,412		70,947,845
			105,057,677
Personal products – 0.2%
Coty, Inc., Class A	67,041		704,601
The Estee Lauder Companies, Inc., Class A	50,421		10,031,258
			10,735,859
Tobacco – 0.8%
Altria Group, Inc.	425,786		17,414,647
Philip Morris International, Inc.	354,615		26,925,917
			44,340,564
			427,825,257
Energy – 4.4%
Energy equipment and services – 0.4%
Baker Hughes, a GE Company	117,694		2,730,501
Halliburton Company	199,647		3,763,346
Helmerich & Payne, Inc.	24,943		999,466
National Oilwell Varco, Inc.	87,955		1,864,646
Schlumberger, Ltd.	315,221		10,771,102
TechnipFMC PLC	95,658		2,309,184
			22,438,245

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels – 4.0%
Apache Corp.	85,690	$	2,193,664
Cabot Oil & Gas Corp.	95,362		1,675,510
Chevron Corp.	432,697		51,317,864
Cimarex Energy Company	23,125		1,108,613
Concho Resources, Inc.	45,831		3,111,925
ConocoPhillips	253,029		14,417,592
Devon Energy Corp.	92,127		2,216,576
Diamondback Energy, Inc.	37,162		3,341,235
EOG Resources, Inc.	132,278		9,817,673
Exxon Mobil Corp.	964,374		68,094,448
Hess Corp.	58,989		3,567,655
HollyFrontier Corp.	34,510		1,851,116
Kinder Morgan, Inc.	443,741		9,145,502
Marathon Oil Corp.	183,261		2,248,612
Marathon Petroleum Corp.	150,047		9,115,355
Noble Energy, Inc.	109,006		2,448,275
Occidental Petroleum Corp.	203,874		9,066,277
ONEOK, Inc.	94,126		6,936,145
Phillips 66	102,234		10,468,762
Pioneer Natural Resources Company	38,096		4,791,334
The Williams Companies, Inc.	276,250		6,646,575
Valero Energy Corp.	94,451		8,051,003
			231,631,711
			254,069,956
Financials – 12.6%
Banks – 5.3%
Bank of America Corp.	1,909,434		55,698,190
BB&T Corp.	174,628		9,319,896
Citigroup, Inc.	514,895		35,568,947
Citizens Financial Group, Inc.	101,902		3,604,274
Comerica, Inc.	34,043		2,246,498
Fifth Third Bancorp	166,496		4,558,660
First Republic Bank	38,342		3,707,671
Huntington Bancshares, Inc.	236,550		3,375,569
JPMorgan Chase & Co.	728,786		85,770,824
KeyCorp	228,682		4,079,687
M&T Bank Corp.	30,466		4,812,714
People's United Financial, Inc.	90,885		1,420,987
Regions Financial Corp.	227,417		3,597,737
SunTrust Banks, Inc.	101,185		6,961,528
SVB Financial Group (A)	11,747		2,454,536
The PNC Financial Services Group, Inc.	101,485		14,224,138
U.S. Bancorp	326,845		18,087,602
Wells Fargo & Company	913,878		46,096,006
Zions Bancorp NA	40,334		1,795,670
			307,381,134
Capital markets – 2.6%
Affiliated Managers Group, Inc.	11,542		962,026
Ameriprise Financial, Inc.	29,829		4,387,846
BlackRock, Inc.	26,776		11,932,457
Cboe Global Markets, Inc.	25,455		2,925,034
CME Group, Inc.	81,618		17,249,148
E*TRADE Financial Corp.	54,660		2,388,095
Franklin Resources, Inc.	64,287		1,855,323
Intercontinental Exchange, Inc.	127,733		11,785,924
Invesco, Ltd.	87,804		1,487,400
MarketAxess Holdings, Inc.	8,606		2,818,465
Moody's Corp.	37,086		7,596,325
Morgan Stanley	286,297		12,216,293
MSCI, Inc.	19,305		4,203,664
Nasdaq, Inc.	26,276		2,610,521
Northern Trust Corp.	48,979		4,570,720
Raymond James Financial, Inc.	28,165		2,322,486
S&P Global, Inc.	56,138		13,752,687

 

2

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
State Street Corp.	84,920	$	5,026,415
T. Rowe Price Group, Inc.	53,691		6,134,197
The Bank of New York Mellon Corp.	195,519		8,839,414
The Charles Schwab Corp.	265,166		11,091,894
The Goldman Sachs Group, Inc.	73,758		15,284,870
			151,441,204
Consumer finance – 0.7%
American Express Company	155,065		18,341,088
Capital One Financial Corp.	107,201		9,753,147
Discover Financial Services	72,535		5,881,863
Synchrony Financial	139,117		4,742,499
			38,718,597
Diversified financial services – 1.6%
Berkshire Hathaway, Inc., Class B (A)	446,927		92,969,755
Insurance – 2.4%
Aflac, Inc.	168,752		8,829,105
American International Group, Inc.	198,274		11,043,862
Aon PLC	53,754		10,405,162
Arthur J. Gallagher & Company	42,410		3,798,664
Assurant, Inc.	13,937		1,753,553
Chubb, Ltd.	103,877		16,769,903
Cincinnati Financial Corp.	34,622		4,039,349
Everest Re Group, Ltd.	9,286		2,470,912
Globe Life, Inc.	22,878		2,190,797
Lincoln National Corp.	45,629		2,752,341
Loews Corp.	59,271		3,051,271
Marsh & McLennan Companies, Inc.	115,401		11,545,870
MetLife, Inc.	181,424		8,555,956
Principal Financial Group, Inc.	59,099		3,376,917
Prudential Financial, Inc.	91,626		8,241,759
The Allstate Corp.	75,031		8,154,369
The Hartford Financial Services Group, Inc.	82,413		4,995,052
The Progressive Corp.	133,256		10,294,026
The Travelers Companies, Inc.	59,348		8,824,454
Unum Group	47,552		1,413,245
Willis Towers Watson PLC	29,401		5,673,511
			138,180,078
			728,690,768
Health care – 13.3%
Biotechnology – 2.1%
AbbVie, Inc.	336,983		25,516,353
Alexion Pharmaceuticals, Inc. (A)	51,107		5,005,420
Amgen, Inc.	136,687		26,450,301
Biogen, Inc. (A)	42,040		9,787,753
Celgene Corp. (A)	161,540		16,040,922
Gilead Sciences, Inc.	288,657		18,295,081
Incyte Corp. (A)	40,686		3,020,122
Regeneron Pharmaceuticals, Inc. (A)	18,213		5,052,286
Vertex Pharmaceuticals, Inc. (A)	58,585		9,925,471
			119,093,709
Health care equipment and supplies – 3.5%
Abbott Laboratories	402,834		33,705,121
ABIOMED, Inc. (A)	10,343		1,839,916
Align Technology, Inc. (A)	16,566		2,997,121
Baxter International, Inc.	116,368		10,178,709
Becton, Dickinson and Company	61,529		15,564,376
Boston Scientific Corp. (A)	317,493		12,918,790
Danaher Corp.	145,520		21,017,454
DENTSPLY SIRONA, Inc.	51,097		2,723,981
Edwards Lifesciences Corp. (A)	47,401		10,423,954
Hologic, Inc. (A)	60,926		3,076,154
IDEXX Laboratories, Inc. (A)	19,622		5,335,810

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Intuitive Surgical, Inc. (A)	26,269	$	14,183,421
Medtronic PLC	305,800		33,215,996
ResMed, Inc.	32,746		4,424,312
Stryker Corp.	73,134		15,818,884
Teleflex, Inc.	10,538		3,580,286
The Cooper Companies, Inc.	11,299		3,355,803
Varian Medical Systems, Inc. (A)	20,755		2,471,713
Zimmer Biomet Holdings, Inc.	46,796		6,423,687
			203,255,488
Health care providers and services – 2.4%
AmerisourceBergen Corp.	34,662		2,853,722
Anthem, Inc.	58,307		13,999,511
Cardinal Health, Inc.	67,952		3,206,655
Centene Corp. (A)	94,271		4,078,163
Cigna Corp.	86,066		13,063,958
CVS Health Corp.	296,416		18,694,957
DaVita, Inc. (A)	22,070		1,259,535
HCA Healthcare, Inc.	60,620		7,299,860
Henry Schein, Inc. (A)	33,792		2,145,792
Humana, Inc.	30,790		7,872,079
Laboratory Corp. of America Holdings (A)	22,268		3,741,024
McKesson Corp.	42,144		5,759,399
Quest Diagnostics, Inc.	30,695		3,285,286
UnitedHealth Group, Inc.	216,000		46,941,120
Universal Health Services, Inc., Class B	18,515		2,754,106
WellCare Health Plans, Inc. (A)	11,467		2,971,902
			139,927,069
Health care technology – 0.1%
Cerner Corp.	72,570		4,947,097
Life sciences tools and services – 1.0%
Agilent Technologies, Inc.	70,535		5,405,097
Illumina, Inc. (A)	33,505		10,192,891
IQVIA Holdings, Inc. (A)	41,524		6,202,855
Mettler-Toledo International, Inc. (A)	5,609		3,950,980
PerkinElmer, Inc.	25,317		2,156,249
Thermo Fisher Scientific, Inc.	91,278		26,586,543
Waters Corp. (A)	15,216		3,396,668
			57,891,283
Pharmaceuticals – 4.2%
Allergan PLC	74,767		12,582,538
Bristol-Myers Squibb Company	372,832		18,906,311
Eli Lilly & Company	193,641		21,654,873
Johnson & Johnson	601,532		77,826,210
Merck & Company, Inc.	583,573		49,125,175
Mylan NV (A)	117,580		2,325,732
Nektar Therapeutics (A)(B)	39,949		727,671
Perrigo Company PLC	31,010		1,733,149
Pfizer, Inc.	1,260,663		45,295,622
Zoetis, Inc.	108,847		13,561,248
			243,738,529
			768,853,175
Industrials – 9.1%
Aerospace and defense – 2.6%
Arconic, Inc.	88,290		2,295,540
General Dynamics Corp.	53,326		9,744,260
Huntington Ingalls Industries, Inc.	9,421		1,995,274
L3Harris Technologies, Inc.	50,891		10,617,898
Lockheed Martin Corp.	56,642		22,093,779
Northrop Grumman Corp.	35,865		13,441,843
Raytheon Company	63,476		12,453,356
Textron, Inc.	52,451		2,568,001
The Boeing Company	121,843		46,357,606

 

3

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
TransDigm Group, Inc.	11,314	$	5,890,860
United Technologies Corp.	184,880		25,239,818
			152,698,235
Air freight and logistics – 0.6%
C.H. Robinson Worldwide, Inc.	30,856		2,615,972
Expeditors International of Washington, Inc.	38,911		2,890,698
FedEx Corp.	54,701		7,962,825
United Parcel Service, Inc., Class B	159,168		19,071,510
			32,541,005
Airlines – 0.4%
Alaska Air Group, Inc.	28,097		1,823,776
American Airlines Group, Inc.	90,325		2,436,065
Delta Air Lines, Inc.	131,895		7,597,152
Southwest Airlines Company	110,262		5,955,251
United Airlines Holdings, Inc. (A)	50,360		4,452,328
			22,264,572
Building products – 0.3%
Allegion PLC	21,283		2,205,983
AO Smith Corp.	31,533		1,504,439
Fortune Brands Home & Security, Inc.	31,882		1,743,945
Johnson Controls International PLC	181,361		7,959,934
Masco Corp.	65,974		2,749,796
			16,164,097
Commercial services and supplies – 0.4%
Cintas Corp.	18,921		5,072,720
Copart, Inc. (A)	45,954		3,691,485
Republic Services, Inc.	48,251		4,176,124
Rollins, Inc.	32,096		1,093,511
Waste Management, Inc.	88,958		10,230,170
			24,264,010
Construction and engineering – 0.1%
Jacobs Engineering Group, Inc.	30,883		2,825,795
Quanta Services, Inc.	32,407		1,224,985
			4,050,780
Electrical equipment – 0.5%
AMETEK, Inc.	52,046		4,778,864
Eaton Corp. PLC	95,728		7,959,783
Emerson Electric Company	140,197		9,373,571
Rockwell Automation, Inc.	26,669		4,395,051
			26,507,269
Industrial conglomerates – 1.3%
3M Company	131,120		21,556,128
General Electric Company	1,989,117		17,782,706
Honeywell International, Inc.	163,994		27,747,785
Roper Technologies, Inc.	23,705		8,453,203
			75,539,822
Machinery – 1.5%
Caterpillar, Inc.	128,228		16,196,479
Cummins, Inc.	35,963		5,850,101
Deere & Company	71,767		12,105,658
Dover Corp.	33,149		3,300,314
Flowserve Corp.	29,897		1,396,489
Fortive Corp.	67,299		4,614,019
IDEX Corp.	17,287		2,832,994
Illinois Tool Works, Inc.	67,093		10,499,384
Ingersoll-Rand PLC	55,061		6,784,066
PACCAR, Inc.	78,946		5,527,009
Parker-Hannifin Corp.	29,273		5,286,997
Pentair PLC	38,303		1,447,853
Snap-on, Inc.	12,584		1,969,899
Stanley Black & Decker, Inc.	34,586		4,994,564

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Wabtec Corp.	41,508	$	2,982,765
Xylem, Inc.	41,033		3,267,047
			89,055,638
Professional services – 0.3%
Equifax, Inc.	27,552		3,875,740
IHS Markit, Ltd. (A)	91,421		6,114,236
Nielsen Holdings PLC	81,067		1,722,674
Robert Half International, Inc.	26,795		1,491,410
Verisk Analytics, Inc.	37,267		5,893,403
			19,097,463
Road and rail – 0.9%
CSX Corp.	181,924		12,601,875
J.B. Hunt Transport Services, Inc.	19,468		2,154,134
Kansas City Southern	22,926		3,049,387
Norfolk Southern Corp.	60,037		10,786,247
Union Pacific Corp.	160,580		26,010,748
			54,602,391
Trading companies and distributors – 0.2%
Fastenal Company	130,699		4,269,936
United Rentals, Inc. (A)	17,587		2,192,044
W.W. Grainger, Inc.	10,075		2,993,786
			9,455,766
			526,241,048
Information technology – 21.3%
Communications equipment – 1.0%
Arista Networks, Inc. (A)	12,403		2,963,325
Cisco Systems, Inc.	967,607		47,809,462
F5 Networks, Inc. (A)	13,705		1,924,456
Juniper Networks, Inc.	78,820		1,950,795
Motorola Solutions, Inc.	37,734		6,430,251
			61,078,289
Electronic equipment, instruments and components – 0.5%
Amphenol Corp., Class A	67,796		6,542,314
CDW Corp.	32,984		4,064,948
Corning, Inc.	177,968		5,075,647
FLIR Systems, Inc.	30,908		1,625,452
IPG Photonics Corp. (A)	8,124		1,101,614
Keysight Technologies, Inc. (A)	42,749		4,157,340
TE Connectivity, Ltd.	76,568		7,134,606
			29,701,921
IT services – 5.4%
Accenture PLC, Class A	145,220		27,933,067
Akamai Technologies, Inc. (A)	37,604		3,436,254
Alliance Data Systems Corp.	9,337		1,196,350
Automatic Data Processing, Inc.	98,906		15,965,407
Broadridge Financial Solutions, Inc.	26,048		3,241,153
Cognizant Technology Solutions Corp., Class A	125,881		7,586,218
DXC Technology Company	59,708		1,761,386
Fidelity National Information Services, Inc.	139,819		18,562,370
Fiserv, Inc. (A)	130,103		13,477,370
FleetCor Technologies, Inc. (A)	19,731		5,658,456
Gartner, Inc. (A)	20,544		2,937,587
Global Payments, Inc.	68,386		10,873,374
IBM Corp.	201,913		29,362,188
Jack Henry & Associates, Inc.	17,550		2,561,774
Leidos Holdings, Inc.	30,811		2,646,049
Mastercard, Inc., Class A	203,484		55,260,150
Paychex, Inc.	72,894		6,033,436
PayPal Holdings, Inc. (A)	268,193		27,782,113
The Western Union Company	96,615		2,238,570

 

4

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
VeriSign, Inc. (A)	23,742	$	4,478,453
Visa, Inc., Class A	393,620		67,706,576
			310,698,301
Semiconductors and semiconductor equipment – 3.8%
Advanced Micro Devices, Inc. (A)	247,423		7,172,793
Analog Devices, Inc.	84,197		9,407,331
Applied Materials, Inc.	210,547		10,506,295
Broadcom, Inc.	90,731		25,048,107
Intel Corp.	1,009,707		52,030,202
KLA Corp.	36,298		5,787,716
Lam Research Corp.	32,943		7,613,457
Maxim Integrated Products, Inc.	61,830		3,580,575
Microchip Technology, Inc.	54,256		5,040,925
Micron Technology, Inc. (A)	251,584		10,780,374
NVIDIA Corp.	138,806		24,161,960
Qorvo, Inc. (A)	26,846		1,990,362
QUALCOMM, Inc.	277,079		21,135,586
Skyworks Solutions, Inc.	39,135		3,101,449
Texas Instruments, Inc.	212,795		27,501,626
Xilinx, Inc.	57,575		5,521,443
			220,380,201
Software – 6.5%
Adobe, Inc. (A)	110,644		30,565,405
ANSYS, Inc. (A)	19,169		4,243,250
Autodesk, Inc. (A)	50,050		7,392,385
Cadence Design Systems, Inc. (A)	63,854		4,219,472
Citrix Systems, Inc.	28,046		2,707,000
Fortinet, Inc. (A)	32,348		2,483,032
Intuit, Inc.	59,277		15,764,125
Microsoft Corp.	1,740,300		241,953,907
Oracle Corp.	501,809		27,614,549
salesforce.com, Inc. (A)	199,890		29,671,672
Symantec Corp.	129,596		3,062,353
Synopsys, Inc. (A)	34,254		4,701,362
			374,378,512
Technology hardware, storage and peripherals – 4.1%
Apple, Inc.	968,231		216,854,697
Hewlett Packard Enterprise Company	297,579		4,514,273
HP, Inc.	337,765		6,390,514
NetApp, Inc.	54,226		2,847,407
Seagate Technology PLC	53,962		2,902,616
Western Digital Corp.	67,467		4,023,732
Xerox Holdings Corp.	43,375		1,297,346
			238,830,585
			1,235,067,809
Materials – 2.6%
Chemicals – 1.9%
Air Products & Chemicals, Inc.	50,224		11,142,697
Albemarle Corp. (B)	24,157		1,679,395
Celanese Corp.	28,203		3,448,945
CF Industries Holdings, Inc.	49,762		2,448,290
Corteva, Inc.	170,691		4,779,348
Dow, Inc.	169,396		8,071,719
DuPont de Nemours, Inc.	169,914		12,116,567
Eastman Chemical Company	31,224		2,305,268
Ecolab, Inc.	57,060		11,300,162
FMC Corp.	29,729		2,606,639
International Flavors & Fragrances, Inc. (B)	24,337		2,985,907
Linde PLC	123,214		23,869,016
LyondellBasell Industries NV, Class A	58,836		5,264,057
PPG Industries, Inc.	53,861		6,383,067
The Mosaic Company	80,913		1,658,717

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
The Sherwin-Williams Company	18,714	$	10,290,267
			110,350,061
Construction materials – 0.1%
Martin Marietta Materials, Inc.	14,232		3,900,991
Vulcan Materials Company	30,152		4,560,188
			8,461,179
Containers and packaging – 0.4%
Amcor PLC	370,266		3,610,094
Avery Dennison Corp.	19,190		2,179,408
Ball Corp.	75,672		5,509,678
International Paper Company	89,537		3,744,437
Packaging Corp. of America	21,576		2,289,214
Sealed Air Corp.	35,220		1,461,982
Westrock Company	58,655		2,137,975
			20,932,788
Metals and mining – 0.2%
Freeport-McMoRan, Inc.	330,694		3,164,742
Newmont Goldcorp Corp.	186,874		7,086,262
Nucor Corp.	69,097		3,517,728
			13,768,732
			153,512,760
Real estate – 3.1%
Equity real estate investment trusts – 3.0%
Alexandria Real Estate Equities, Inc.	25,851		3,982,088
American Tower Corp.	100,899		22,311,796
Apartment Investment & Management Company, A Shares	33,934		1,769,319
AvalonBay Communities, Inc.	31,831		6,854,169
Boston Properties, Inc.	32,764		4,248,180
Crown Castle International Corp.	94,761		13,172,727
Digital Realty Trust, Inc.	47,487		6,164,287
Duke Realty Corp.	82,382		2,798,517
Equinix, Inc.	19,332		11,150,698
Equity Residential	79,455		6,853,788
Essex Property Trust, Inc.	14,981		4,893,544
Extra Space Storage, Inc.	29,292		3,421,891
Federal Realty Investment Trust	15,888		2,162,992
HCP, Inc.	111,936		3,988,280
Host Hotels & Resorts, Inc.	166,363		2,876,416
Iron Mountain, Inc.	65,439		2,119,569
Kimco Realty Corp.	96,207		2,008,802
Mid-America Apartment Communities, Inc.	25,993		3,379,350
Prologis, Inc.	143,850		12,258,897
Public Storage	34,224		8,394,120
Realty Income Corp.	72,532		5,561,754
Regency Centers Corp.	38,190		2,653,823
SBA Communications Corp.	25,780		6,216,847
Simon Property Group, Inc.	70,204		10,927,253
SL Green Realty Corp.	18,785		1,535,674
The Macerich Company	25,114		793,351
UDR, Inc.	66,746		3,235,846
Ventas, Inc.	84,921		6,201,781
Vornado Realty Trust	36,098		2,298,360
Welltower, Inc.	92,366		8,372,978
Weyerhaeuser Company	169,788		4,703,128
			177,310,225
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (A)	76,659		4,063,694
			181,373,919
Utilities – 3.5%

 

5

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities – 2.1%
Alliant Energy Corp.	54,132	$	2,919,339
American Electric Power Company, Inc.	112,548		10,544,622
Duke Energy Corp.	166,066		15,919,087
Edison International	81,618		6,155,630
Entergy Corp.	45,318		5,318,520
Evergy, Inc.	53,669		3,572,209
Eversource Energy	73,757		6,304,011
Exelon Corp.	221,448		10,698,153
FirstEnergy Corp.	123,076		5,935,955
NextEra Energy, Inc.	111,399		25,954,853
Pinnacle West Capital Corp.	25,597		2,484,701
PPL Corp.	164,618		5,183,821
The Southern Company	238,234		14,715,714
Xcel Energy, Inc.	119,517		7,755,458
			123,462,073
Gas utilities – 0.1%
Atmos Energy Corp.	26,941		3,068,310
Independent power and renewable electricity producers – 0.1%
AES Corp.	151,308		2,472,373
NRG Energy, Inc.	57,662		2,283,415
			4,755,788
Multi-utilities – 1.1%
Ameren Corp.	56,025		4,484,801
CenterPoint Energy, Inc.	114,469		3,454,674
CMS Energy Corp.	64,682		4,136,414
Consolidated Edison, Inc.	75,704		7,151,757
Dominion Energy, Inc.	187,335		15,181,628
DTE Energy Company	41,779		5,554,936
NiSource, Inc.	85,095		2,546,042
Public Service Enterprise Group, Inc.	115,247		7,154,534
Sempra Energy	62,577		9,236,991
WEC Energy Group, Inc.	71,896		6,837,310
			65,739,087
Water utilities – 0.1%
American Water Works Company, Inc.	41,175		5,115,170
			202,140,428
TOTAL COMMON STOCKS (Cost $2,760,788,026)		$	5,630,607,578
SECURITIES LENDING COLLATERAL – 0.1%
John Hancock Collateral Trust, 2.1169% (C)(D)	793,599		7,941,306
TOTAL SECURITIES LENDING COLLATERAL (Cost $7,941,104)		$	7,941,306

500 Index Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 2.8%
U.S. Government Agency – 2.7%
Federal Agricultural Mortgage Corp. Discount Note 1.900%, 10/11/2019 *	$	10,000,000	$	9,994,778
Federal Home Loan Bank Discount Note
1.960%, 10/22/2019 *		15,000,000		14,983,550
1.970%, 10/08/2019 *		25,000,000		24,990,861
2.015%, 10/04/2019 *		30,000,000		29,995,300
2.020%, 10/01/2019 *		10,000,000		10,000,000
2.025%, 10/30/2019 *		20,000,000		19,969,711
2.050%, 10/17/2019 *		45,000,000		44,962,400
				154,896,600
Repurchase agreement – 0.1%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $6,268,139 on 10-1-19, collateralized by $6,250,000 U.S. Treasury Notes, 2.625% due 6/15/2021 (valued at $6,394,563, including interest)		6,268,000		6,268,000
TOTAL SHORT-TERM INVESTMENTS (Cost $161,157,332)			$	161,164,600
Total Investments (500 Index Trust) (Cost $2,929,886,462) – 100.1%			$	5,799,713,484
Other assets and liabilities, net – (0.1%)				(2,924,369)
TOTAL NET ASSETS – 100.0%			$	5,796,789,115

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $7,774,422.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 Index E-Mini Futures	1,170	Long	Dec 2019	$176,227,747	$174,198,375	$(2,029,372)
						$(2,029,372)

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

6

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 44.5%
U.S. Government – 18.9%
U.S. Treasury Bonds
2.250%, 08/15/2049	$	4,000,000	$	4,117,969
2.500%, 02/15/2045		4,501,000		4,847,014
2.750%, 11/15/2042		7,350,000		8,253,533
2.875%, 05/15/2049		20,404,000		23,816,888
3.000%, 02/15/2047		11,632,000		13,799,369
3.375%, 11/15/2048		2,300,000		2,932,859
U.S. Treasury Notes
1.250%, 08/31/2024		817,000		805,671
1.625%, 08/15/2029		14,112,000		14,050,811
2.000%, 07/31/2022 to 02/15/2025		3,700,000		3,757,367
2.125%, 05/31/2026		1,730,000		1,785,076
2.375%, 12/31/2020 to 05/15/2029		29,500,000		31,146,797
2.750%, 02/15/2028		14,040,000		15,245,466
2.875%, 08/15/2028		10,000,000		10,997,266
				135,556,086
U.S. Government Agency – 25.6%
Federal Home Loan Mortgage Corp.
3.000%, 10/01/2031 to 04/01/2047		12,794,577		13,160,162
3.500%, 10/01/2046 to 06/01/2049		16,573,993		17,295,895
4.000%, 01/01/2041 to 12/01/2048		6,592,245		6,958,474
4.500%, 09/01/2023 to 10/01/2041		2,600,322		2,806,185
5.000%, 03/01/2041		167,113		183,181
Federal National Mortgage Association
3.000%, TBA (A)		31,250,000		31,721,300
3.000%, 07/01/2027 to 09/01/2049		13,544,794		13,865,233
3.500%, TBA (A)		25,000,000		25,644,260
3.500%, 06/01/2034 to 09/01/2049		16,159,850		16,898,830
4.000%, TBA (A)		16,000,000		16,602,355
4.000%, 10/01/2025 to 10/01/2048		15,786,938		16,710,254
4.021%, (12 month LIBOR + 1.620%), 08/01/2034 (B)		358,528		374,286
4.500%, 08/01/2040 to 07/01/2048		9,245,757		9,930,217
4.747%, (6 month LIBOR + 2.122%), 07/01/2033 (B)		19,515		20,395
5.000%, 01/01/2022 to 04/01/2041		2,862,568		3,140,651
5.500%, 09/01/2034 to 01/01/2037		2,485,528		2,778,992
6.000%, 05/01/2035 to 02/01/2036		1,913,915		2,181,622
7.000%, 09/01/2031 to 06/01/2032		141,454		163,674
7.500%, 09/01/2029 to 08/01/2031		31,506		36,355
Government National Mortgage Association
4.000%, 02/15/2041		1,977,864		2,114,456
5.000%, 04/15/2035		275,883		302,959
5.500%, 03/15/2035		220,362		245,713
6.000%, 03/15/2033 to 06/15/2033		167,893		189,192
6.500%, 09/15/2028 to 08/15/2031		44,510		49,761
7.000%, 04/15/2029		36,597		41,405
8.000%, 10/15/2026		18,305		20,402
				183,436,209
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $307,677,833)			$	318,992,295
FOREIGN GOVERNMENT OBLIGATIONS – 0.6%
Argentina – 0.0%
Republic of Argentina, GDP-Linked Note 6.002%, 12/15/2035 (C)*	ARS	19,532,033		4,408
Germany – 0.2%
Federal Republic of Germany 6.250%, 01/04/2030	EUR	725,000		1,365,237
Mexico – 0.1%
Government of Mexico 8.000%, 12/07/2023	MXN	11,861,100		629,274

Active Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Panama – 0.1%
Republic of Panama
8.875%, 09/30/2027	$	344,000	$	492,783
9.375%, 04/01/2029		130,000		199,551
				692,334
Qatar – 0.1%
State of Qatar
3.375%, 03/14/2024 (D)		428,000		447,795
5.103%, 04/23/2048 (D)		255,000		325,763
				773,558
Saudi Arabia – 0.1%
Kingdom of Saudi Arabia 4.375%, 04/16/2029 (D)		640,000		718,400
United Kingdom – 0.0%
Government of United Kingdom 6.000%, 12/07/2028	GBP	85,000		157,626
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $4,105,073)			$	4,340,837
CORPORATE BONDS – 38.2%
Communication services – 4.1%
Activision Blizzard, Inc. 3.400%, 09/15/2026	$	218,000		226,721
Altice Financing SA 6.625%, 02/15/2023 (D)		275,000		282,219
AT&T, Inc.
3.400%, 05/15/2025		700,000		730,922
3.800%, 02/15/2027		372,000		394,179
4.350%, 06/15/2045		285,000		300,672
7.570%, 02/01/2024		716,000		855,470
7.625%, 04/15/2031		451,000		609,778
C&W Senior Financing DAC 6.875%, 09/15/2027 (D)		315,000		326,419
Cablevision Systems Corp. 5.875%, 09/15/2022		280,000		301,700
CBS Corp.
3.375%, 03/01/2022		175,000		178,937
3.700%, 08/15/2024		280,000		292,912
CC Holdings GS V LLC 3.849%, 04/15/2023		365,000		383,347
CenturyLink, Inc. 7.600%, 09/15/2039 (E)		1,000,000		975,000
Charter Communications Operating LLC
4.200%, 03/15/2028		712,000		749,554
5.750%, 04/01/2048		775,000		883,179
6.484%, 10/23/2045		675,000		822,485
Cincinnati Bell, Inc. 7.000%, 07/15/2024 (D)(E)		482,000		445,850
Comcast Corp.
3.969%, 11/01/2047		633,000		698,709
3.999%, 11/01/2049		761,000		845,789
Comunicaciones Celulares SA 6.875%, 02/06/2024 (D)		700,000		721,000
Connect Finco SARL 6.750%, 10/01/2026 (D)		490,000		499,188
CSC Holdings LLC
5.375%, 02/01/2028 (D)		200,000		210,750
5.500%, 04/15/2027 (D)		230,000		243,200
5.750%, 01/15/2030 (D)		243,000		253,964
7.500%, 04/01/2028 (D)		280,000		315,322
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		758,000		1,119,447
Discovery Communications LLC 2.800%, 06/15/2020		600,000		602,050

 

7

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
GCI LLC
6.625%, 06/15/2024 (D)	$	177,000	$	190,939
6.875%, 04/15/2025		216,000		227,340
Lions Gate Capital Holdings LLC 5.875%, 11/01/2024 (D)		200,000		205,500
Liquid Telecommunications Financing PLC 8.500%, 07/13/2022 (D)		280,000		276,226
MDC Partners, Inc. 6.500%, 05/01/2024 (D)		492,000		448,335
MTN Mauritius Investments, Ltd. 4.755%, 11/11/2024 (D)		140,000		141,708
Myriad International Holdings BV 5.500%, 07/21/2025 (D)		365,000		405,657
National CineMedia LLC 6.000%, 04/15/2022		146,000		147,460
Netflix, Inc.
4.875%, 04/15/2028		290,000		295,061
5.375%, 11/15/2029 (D)		120,000		124,800
5.875%, 11/15/2028		480,000		521,424
Oztel Holdings SPC, Ltd. 6.625%, 04/24/2028 (D)		250,000		251,713
Radiate Holdco LLC
6.625%, 02/15/2025 (D)		270,000		271,917
6.875%, 02/15/2023 (D)		120,000		123,450
Sirius XM Radio, Inc.
5.000%, 08/01/2027 (D)		642,000		662,191
5.375%, 07/15/2026 (D)		350,000		367,451
Sprint Capital Corp. 6.875%, 11/15/2028		400,000		436,080
Sprint Corp. 7.875%, 09/15/2023		365,000		400,938
Telecom Argentina SA
6.500%, 06/15/2021 (D)(E)		240,000		217,200
8.000%, 07/18/2026 (D)		235,000		204,450
Telecom Italia Capital SA 7.200%, 07/18/2036		405,000		471,829
Telecom Italia SpA 5.303%, 05/30/2024 (D)(E)		335,000		361,281
Time Warner Cable LLC 5.500%, 09/01/2041		450,000		484,970
Time Warner Entertainment Company LP 8.375%, 07/15/2033		300,000		415,071
UPCB Finance IV, Ltd. 5.375%, 01/15/2025 (D)		65,000		66,788
Verizon Communications, Inc.
4.272%, 01/15/2036		1,311,000		1,476,508
4.400%, 11/01/2034		335,000		381,864
4.522%, 09/15/2048		978,000		1,154,910
4.672%, 03/15/2055		715,000		857,256
4.862%, 08/21/2046		760,000		929,263
5.012%, 08/21/2054		335,000		421,954
Viacom, Inc. 4.375%, 03/15/2043		642,000		661,519
Viacom, Inc. (6.250% to 2-28-27, then 3 month LIBOR + 3.899%) 02/28/2057		350,000		377,300
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) 04/04/2079		595,000		684,219
WMG Acquisition Corp.
4.875%, 11/01/2024 (D)		135,000		139,556
5.500%, 04/15/2026 (D)		234,000		245,700
				29,318,591

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 2.8%
Advance Auto Parts, Inc. 4.500%, 12/01/2023	$	650,000	$	701,915
Amazon.com, Inc.
3.150%, 08/22/2027		760,000		807,724
4.050%, 08/22/2047		440,000		529,600
AutoZone, Inc. 3.125%, 04/21/2026		535,000		552,726
BidFair MergeRight, Inc. 7.375%, 10/15/2027 (D)		330,000		336,188
Brinker International, Inc. 3.875%, 05/15/2023		740,000		747,400
CCM Merger, Inc. 6.000%, 03/15/2022 (D)		260,000		266,500
Daimler Finance North America LLC
3.500%, 08/03/2025 (D)		150,000		157,137
3.750%, 11/05/2021 (D)		391,000		401,998
Diamond Sports Group LLC 6.625%, 08/15/2027 (D)(E)		190,000		196,850
Dollar Tree, Inc. 4.200%, 05/15/2028		841,000		903,869
eBay, Inc. 3.800%, 03/09/2022		520,000		538,672
Eldorado Resorts, Inc.
6.000%, 09/15/2026		160,000		175,200
7.000%, 08/01/2023		95,000		99,275
Expedia Group, Inc.
3.250%, 02/15/2030 (D)		570,000		568,525
3.800%, 02/15/2028		743,000		777,721
5.000%, 02/15/2026		645,000		724,691
Ford Motor Credit Company LLC
3.336%, 03/18/2021		350,000		351,625
3.813%, 10/12/2021		795,000		805,709
5.875%, 08/02/2021		794,000		831,646
General Motors Company 4.875%, 10/02/2023		656,000		704,198
General Motors Financial Company, Inc.
4.000%, 01/15/2025		929,000		954,815
4.300%, 07/13/2025		460,000		478,645
Grain Spectrum Funding II LLC 3.290%, 10/10/2019 (D)		449,172		449,173
Hilton Domestic Operating Company, Inc. 5.125%, 05/01/2026		190,000		199,500
Hilton Grand Vacations Borrower LLC 6.125%, 12/01/2024		171,000		181,688
Hyatt Hotels Corp. 3.375%, 07/15/2023		660,000		682,074
International Game Technology PLC 6.500%, 02/15/2025 (D)		180,000		199,813
Jacobs Entertainment, Inc. 7.875%, 02/01/2024 (D)		205,000		218,838
JB Poindexter & Company, Inc. 7.125%, 04/15/2026 (D)		100,000		103,500
Laureate Education, Inc. 8.250%, 05/01/2025 (D)		209,000		227,288
Lear Corp. 5.250%, 01/15/2025		352,000		363,602
Marriott International, Inc. 3.125%, 06/15/2026		500,000		509,483
MDC Holdings, Inc. 5.500%, 01/15/2024 (E)		670,000		731,975
Nissan Motor Acceptance Corp. 3.450%, 03/15/2023 (D)		285,000		292,625
QVC, Inc.
4.375%, 03/15/2023		315,000		325,557

 

8

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
QVC, Inc. (continued)
5.125%, 07/02/2022	$	185,000	$	194,375
5.450%, 08/15/2034		245,000		249,319
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (D)		300,000		315,284
Twin River Worldwide Holdings, Inc. 6.750%, 06/01/2027 (D)(E)		221,000		232,050
Waterford Gaming LLC 8.625%, 09/15/2014 (D)(F)(G)		343,849		0
Wyndham Destinations, Inc. 5.750%, 04/01/2027		700,000		756,000
Yum! Brands, Inc.
5.350%, 11/01/2043		600,000		576,000
6.875%, 11/15/2037		292,000		327,040
				19,747,813
Consumer staples – 1.0%
Alimentation Couche-Tard, Inc. 2.700%, 07/26/2022 (D)		315,000		317,369
Anheuser-Busch InBev Worldwide, Inc.
4.439%, 10/06/2048		730,000		824,265
4.600%, 04/15/2048		400,000		461,099
Bunge, Ltd. Finance Corp. 3.250%, 08/15/2026		500,000		500,091
Conagra Brands, Inc. 3.800%, 10/22/2021		196,000		202,266
Fomento Economico Mexicano SAB de CV 4.375%, 05/10/2043		1,000,000		1,136,148
Keurig Dr Pepper, Inc. 3.551%, 05/25/2021		645,000		659,258
Kraft Heinz Foods Company 4.875%, 02/15/2025 to 10/01/2049 (D)		689,000		700,364
Natura Cosmeticos SA 5.375%, 02/01/2023 (D)		410,000		427,942
Performance Food Group, Inc. 5.500%, 10/15/2027 (D)		62,000		65,100
Post Holdings, Inc. 5.500%, 12/15/2029 (D)		177,000		184,523
Reynolds American, Inc. 4.850%, 09/15/2023		1,000,000		1,082,311
Simmons Foods, Inc. 5.750%, 11/01/2024 (D)		235,000		229,125
				6,789,861
Energy – 6.0%
Anadarko Petroleum Corp.
4.500%, 07/15/2044		400,000		396,815
5.550%, 03/15/2026		800,000		848,836
Apache Corp. 5.100%, 09/01/2040		325,000		324,057
Archrock Partners LP 6.000%, 10/01/2022		342,000		345,848
Boardwalk Pipelines LP 3.375%, 02/01/2023		850,000		861,859
BP Capital Markets PLC 2.750%, 05/10/2023		530,000		540,759
Buckeye Partners LP 3.950%, 12/01/2026		500,000		440,300
Cameron International Corp. 5.950%, 06/01/2041		1,178,000		1,473,619
Cheniere Corpus Christi Holdings LLC 5.125%, 06/30/2027		154,000		168,630
Cheniere Energy Partners LP 4.500%, 10/01/2029 (D)		395,000		404,628
Chesapeake Energy Corp. 7.500%, 10/01/2026		214,000		145,520

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Cimarex Energy Company 4.375%, 06/01/2024	$	745,000	$	782,898
CNOOC Finance 2003, Ltd. 5.500%, 05/21/2033 (D)		545,000		689,405
Colorado Interstate Gas Company LLC 4.150%, 08/15/2026 (D)		235,000		246,919
Columbia Pipeline Group, Inc. 4.500%, 06/01/2025		269,000		289,959
ConocoPhillips Company 5.950%, 03/15/2046		575,000		826,566
Continental Resources, Inc.
4.900%, 06/01/2044		400,000		404,745
5.000%, 09/15/2022		448,000		451,947
CSI Compressco LP
7.250%, 08/15/2022		495,000		447,777
7.500%, 04/01/2025 (D)		393,000		386,123
DCP Midstream LP (7.375% to 12-15-22, then 3 month LIBOR + 5.148%) 12/15/2022 (H)		611,000		580,450
DCP Midstream Operating LP 5.125%, 05/15/2029		130,000		132,438
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) 05/21/2043 (D)		620,000		563,146
Devon Energy Corp. 5.000%, 06/15/2045		600,000		695,212
Devon Financing Company LLC 7.875%, 09/30/2031		874,000		1,242,762
Diamondback Energy, Inc. 4.750%, 11/01/2024		256,000		262,080
Enable Midstream Partners LP
3.900%, 05/15/2024		421,000		429,169
4.950%, 05/15/2028		555,000		576,531
Enbridge Energy Partners LP 7.500%, 04/15/2038		600,000		857,240
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) 07/15/2077		462,000		465,078
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) 03/01/2078		394,000		417,595
Energen Corp. 4.625%, 09/01/2021		500,000		514,375
Energy Transfer Operating LP
4.150%, 10/01/2020		1,000,000		1,014,897
4.200%, 04/15/2027		141,000		148,319
4.250%, 03/15/2023		555,000		579,886
5.150%, 03/15/2045		340,000		356,538
5.875%, 01/15/2024		365,000		405,824
5.950%, 10/01/2043		300,000		339,341
Enterprise Products Operating LLC 6.875%, 03/01/2033		471,000		646,785
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) 08/16/2077		609,000		603,919
Hess Corp.
5.600%, 02/15/2041		400,000		443,419
5.800%, 04/01/2047 (E)		500,000		575,569
Husky Energy, Inc. 3.950%, 04/15/2022		392,000		404,405
Kinder Morgan Energy Partners LP
5.000%, 10/01/2021		500,000		522,923
7.300%, 08/15/2033		603,000		805,968
7.750%, 03/15/2032		240,000		324,405
Kinder Morgan, Inc. 3.150%, 01/15/2023		232,000		237,735

 

9

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Marathon Oil Corp. 6.800%, 03/15/2032	$	785,000	$	982,494
MPLX LP
4.000%, 03/15/2028		380,000		396,228
4.250%, 12/01/2027 (D)		156,000		165,448
5.250%, 01/15/2025 (D)		100,000		105,550
6.375%, 05/01/2024 (D)		305,000		319,948
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) 02/15/2023 (E)(H)		927,000		925,888
Murphy Oil Corp. 5.750%, 08/15/2025		222,000		225,330
National Oilwell Varco, Inc. 2.600%, 12/01/2022		600,000		603,239
Newfield Exploration Company
5.625%, 07/01/2024		842,000		928,938
5.750%, 01/30/2022		250,000		267,032
Nexen, Inc. 6.400%, 05/15/2037		775,000		1,092,081
Noble Energy, Inc. 4.150%, 12/15/2021		600,000		623,275
Noble Holding International, Ltd. 5.250%, 03/15/2042		500,000		207,500
Occidental Petroleum Corp. 3.400%, 04/15/2026		310,000		314,877
ONEOK Partners LP
5.000%, 09/15/2023		135,000		146,159
6.650%, 10/01/2036		835,000		1,040,431
Parsley Energy LLC 5.625%, 10/15/2027 (D)		310,000		320,075
Petrobras Global Finance BV
5.093%, 01/15/2030 (D)		499,000		520,532
6.900%, 03/19/2049		235,000		269,545
Plains All American Pipeline LP 4.900%, 02/15/2045		750,000		755,161
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		293,000		310,626
5.000%, 03/15/2027		336,000		371,163
5.875%, 06/30/2026		555,000		636,255
Sinopec Group Overseas Development 2015, Ltd. 3.250%, 04/28/2025 (D)		550,000		567,881
Sunoco Logistics Partners Operations LP
3.450%, 01/15/2023		1,080,000		1,103,575
3.900%, 07/15/2026		475,000		492,788
5.400%, 10/01/2047		324,000		353,470
Tallgrass Energy Partners LP 4.750%, 10/01/2023 (D)		294,000		294,735
Targa Resources Partners LP 5.875%, 04/15/2026		300,000		316,875
Teekay Offshore Partners LP 8.500%, 07/15/2023 (D)		315,000		311,063
Tervita Corp. 7.625%, 12/01/2021 (D)(E)		265,000		269,306
The Williams Companies, Inc.
3.700%, 01/15/2023		353,000		365,074
3.750%, 06/15/2027		437,000		452,054
4.300%, 03/04/2024		700,000		744,524
4.550%, 06/24/2024		555,000		597,582
5.750%, 06/24/2044		330,000		381,017
WPX Energy, Inc. 5.250%, 09/15/2024 to 10/15/2027		257,000		261,251
YPF SA 8.500%, 07/28/2025 (D)		262,000		205,673
				42,867,862

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials – 10.7%
Allied Universal Holdco LLC 6.625%, 07/15/2026 (D)	$	81,000	$	85,556
Ally Financial, Inc. 5.125%, 09/30/2024		620,000		675,800
Ambac Assurance Corp. 5.100%, 06/07/2020 (D)		131		191
Ambac LSNI LLC (3 month LIBOR + 5.000%) 7.104%, 02/12/2023 (B)(D)		564		569
American Express Company 2.500%, 08/01/2022		635,000		641,416
American International Group, Inc. 3.900%, 04/01/2026		830,000		883,917
American International Group, Inc. (6.250% to 3-15-37, then 3 month LIBOR + 2.056%) 03/15/2087		100,000		106,500
Ameriprise Financial, Inc. 2.875%, 09/15/2026		500,000		511,533
Ares Capital Corp. 3.625%, 01/19/2022		326,000		331,430
ASP AMC Merger Sub, Inc. 8.000%, 05/15/2025 (D)		171,000		116,280
Assurant, Inc. 4.000%, 03/15/2023		1,260,000		1,310,392
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year U.S. ISDAFIX + 5.168%) 06/15/2026 (D)(H)		235,000		260,263
AXA SA 8.600%, 12/15/2030		170,000		245,650
Banco Santander SA 4.379%, 04/12/2028		400,000		437,267
Bank of America Corp.
3.950%, 04/21/2025		517,000		548,548
4.200%, 08/26/2024		225,000		241,343
4.450%, 03/03/2026		594,000		647,392
Bank of America Corp. (3.004% to 12-20-22, then 3 month LIBOR + 0.790%) 12/20/2023		1,149,000		1,173,485
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		1,087,000		1,134,193
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) 03/10/2026 (H)		680,000		765,000
Barclays Bank PLC 10.179%, 06/12/2021 (D)		175,000		195,710
Barclays PLC 4.375%, 01/12/2026		300,000		316,627
BPCE SA
4.500%, 03/15/2025 (D)		405,000		430,330
5.700%, 10/22/2023 (D)		340,000		374,242
Brighthouse Financial, Inc. 3.700%, 06/22/2027		700,000		691,988
Cantor Fitzgerald LP 4.875%, 05/01/2024 (D)		520,000		548,980
Capital One Financial Corp.
3.500%, 06/15/2023		1,338,000		1,393,600
3.750%, 07/28/2026		500,000		520,019
3.900%, 01/29/2024		300,000		316,982
Citigroup, Inc.
3.200%, 10/21/2026		613,000		632,848
3.500%, 05/15/2023		1,060,000		1,098,493
4.500%, 01/14/2022		1,000,000		1,051,507
4.600%, 03/09/2026		761,000		830,446
5.500%, 09/13/2025		215,000		243,574

 

10

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)	$	550,000	$	612,563
CNO Financial Group, Inc.
5.250%, 05/30/2025		398,000		427,770
5.250%, 05/30/2029 (E)		170,000		186,150
Credit Acceptance Corp. 6.125%, 02/15/2021		280,000		280,700
Credit Agricole SA 4.375%, 03/17/2025 (D)		600,000		636,522
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) 01/23/2024 (D)(H)		310,000		345,663
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) 12/11/2023 (D)(H)		245,000		270,725
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) 07/17/2023 (D)(H)		410,000		438,188
Credit Suisse Group Funding Guernsey, Ltd. 4.550%, 04/17/2026		405,000		445,962
Credito Real SAB de CV 7.250%, 07/20/2023 (D)		185,000		196,100
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) 11/29/2022 (D)(H)		195,000		199,877
Danske Bank A/S 5.000%, 01/12/2022 (D)		375,000		394,268
Discover Bank 2.450%, 09/12/2024		411,000		409,885
Discover Financial Services
3.950%, 11/06/2024		580,000		615,247
4.100%, 02/09/2027		167,000		177,735
Doric Nimrod Air Alpha 2013-1 Class B Pass Through Trust 6.125%, 11/30/2021 (D)		10,082		10,081
Enova International, Inc. 8.500%, 09/01/2024 to 09/15/2025 (D)		422,000		385,322
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) 06/30/2023 (H)		297,000		300,261
Freedom Mortgage Corp.
8.125%, 11/15/2024 (D)		350,000		322,000
8.250%, 04/15/2025 (D)		140,000		128,450
Gogo Intermediate Holdings LLC 9.875%, 05/01/2024 (D)		248,000		265,360
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) 05/18/2024 (E)		570,000		596,275
HSBC Holdings PLC (6.375% to 9-17-24, then 5 Year U.S. ISDAFIX + 3.705%) 09/17/2024 (H)		185,000		194,135
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year U.S. ISDAFIX + 5.514%) 06/01/2021 (E)(H)		395,000		414,355
ING Bank NV 5.800%, 09/25/2023 (D)		280,000		310,728
ING Groep NV 3.550%, 04/09/2024		357,000		372,996
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) 04/16/2025 (H)		200,000		209,960
Invesco Finance PLC 3.125%, 11/30/2022		850,000		870,778

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Jefferies Financial Group, Inc. 5.500%, 10/18/2023	$	1,330,000	$	1,445,408
Jefferies Group LLC
4.150%, 01/23/2030		420,000		419,629
4.850%, 01/15/2027		414,000		439,867
JPMorgan Chase & Co.
2.950%, 10/01/2026		725,000		744,185
3.375%, 05/01/2023		1,250,000		1,293,202
4.125%, 12/15/2026		600,000		655,417
4.500%, 01/24/2022		1,300,000		1,372,507
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		539,000		583,341
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) 02/01/2024 (H)		560,000		621,600
Ladder Capital Finance Holdings LLLP 5.250%, 03/15/2022 to 10/01/2025 (D)		265,000		272,155
Lazard Group LLC 4.375%, 03/11/2029		295,000		320,333
Legg Mason, Inc.
3.950%, 07/15/2024		660,000		698,786
4.750%, 03/15/2026		825,000		903,316
Liberty Mutual Group, Inc. 4.250%, 06/15/2023 (D)		1,000,000		1,060,399
Liberty Mutual Group, Inc. (7.800% to 3-15-37, then 3 month LIBOR + 3.576%) 03/07/2087 (D)(E)		551,000		730,075
Lincoln National Corp. 6.250%, 02/15/2020		1,000,000		1,013,842
Lloyds Banking Group PLC 4.450%, 05/08/2025		935,000		1,006,393
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) 06/27/2024 (H)		405,000		434,201
Loews Corp.
2.625%, 05/15/2023		630,000		639,460
3.750%, 04/01/2026		825,000		883,349
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) 11/01/2026 (H)		315,000		330,750
Macquarie Bank, Ltd. 4.875%, 06/10/2025 (D)		405,000		435,802
Markel Corp. 5.000%, 03/30/2043		1,270,000		1,400,354
MetLife, Inc. 3.000%, 03/01/2025		300,000		311,743
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) 12/15/2066		300,000		355,772
MetLife, Inc. (9.250% to 4-8-33, then 3 month LIBOR + 5.540%) 04/08/2068 (D)		120,000		174,300
MGIC Investment Corp. 5.750%, 08/15/2023		161,000		176,094
Mitsubishi UFJ Financial Group, Inc. 3.218%, 03/07/2022		825,000		844,081
Morgan Stanley
3.875%, 01/27/2026		360,000		386,250
4.100%, 05/22/2023		900,000		947,729
Morgan Stanley (3 month LIBOR + 3.610%) 5.913%, 01/15/2020 (B)(E)(H)		200,000		201,640
MSCI, Inc. 5.250%, 11/15/2024 (D)		50,000		51,625

 

11

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Nationstar Mortgage Holdings, Inc.
8.125%, 07/15/2023 (D)	$	217,000	$	226,223
9.125%, 07/15/2026 (D)		174,000		185,310
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) 04/26/2023 (D)		359,000		365,993
Nationwide Building Society (3.960% to 7-18-29, then 3 month LIBOR + 1.855%) 07/18/2030 (D)		290,000		302,884
Nationwide Mutual Insurance Company (3 month LIBOR + 2.290%) 4.409%, 12/15/2024 (B)(D)		1,130,000		1,125,612
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. ISDAFIX + 3.650%) 10/16/2044 (D)		315,000		341,775
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) 09/15/2042		732,000		788,488
Quicken Loans, Inc. 5.750%, 05/01/2025 (D)		345,000		355,781
Radian Group, Inc. 4.500%, 10/01/2024		190,000		196,175
Raymond James Financial, Inc.
3.625%, 09/15/2026		500,000		523,162
4.950%, 07/15/2046		500,000		597,786
Refinitiv US Holdings, Inc.
6.250%, 05/15/2026 (D)		57,000		61,132
8.250%, 11/15/2026 (D)		92,000		101,545
Santander Holdings USA, Inc.
3.400%, 01/18/2023		360,000		368,413
3.500%, 06/07/2024		745,000		764,381
3.700%, 03/28/2022		590,000		604,840
4.400%, 07/13/2027		203,000		217,179
4.450%, 12/03/2021		266,000		277,817
Santander UK Group Holdings PLC 4.750%, 09/15/2025 (D)		345,000		359,545
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) 09/13/2021 (D)(H)		375,000		394,538
Sompo International Holdings, Ltd. 4.700%, 10/15/2022		1,080,000		1,138,954
Springleaf Finance Corp. 6.875%, 03/15/2025		140,000		154,263
Stearns Holdings LLC 9.375%, 08/15/2020 (D)(F)		46,000		21,965
Stifel Financial Corp. 4.250%, 07/18/2024		1,592,000		1,676,366
SunTrust Bank 2.450%, 08/01/2022 (E)		470,000		475,074
Synchrony Financial 2.850%, 07/25/2022		165,000		166,454
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (D)		441,000		500,480
The Charles Schwab Corp. (7.000% to 2-1-22, then 3 month LIBOR + 4.820%) 02/01/2022 (E)(H)		1,000,000		1,095,000
The Goldman Sachs Group, Inc.
3.625%, 01/22/2023		1,200,000		1,248,463
3.850%, 01/26/2027		962,000		1,020,390
The Hartford Financial Services Group, Inc.
5.500%, 03/30/2020		500,000		508,134
6.625%, 03/30/2040		500,000		687,925

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The PNC Financial Services Group, Inc. 3.500%, 01/23/2024	$	303,000	$	320,137
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) 06/01/2023 (H)		315,000		321,300
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) 08/01/2021 (H)		740,000		789,432
The Royal Bank of Scotland Group PLC 3.875%, 09/12/2023		980,000		1,011,361
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)		740,000		792,429
The Toronto-Dominion Bank 3.250%, 03/11/2024		479,000		501,000
Trident TPI Holdings, Inc. 6.625%, 11/01/2025 (D)		115,000		100,625
UBS Group Funding Switzerland AG (2.859% to 8-15-22, then 3 month LIBOR + 0.954%) 08/15/2023 (D)		620,000		626,875
UBS Group Funding Switzerland AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) 01/31/2024 (D)(H)		383,000		406,746
Voya Financial, Inc. 4.800%, 06/15/2046		700,000		807,369
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) 05/15/2053		630,000		664,373
Wells Fargo & Company (3 month LIBOR + 3.770%) 5.889%, 12/15/2019 (B)(H)		173,000		175,163
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) 06/15/2025 (H)		1,025,000		1,129,755
Wells Fargo & Company, Series M 3.450%, 02/13/2023		900,000		929,693
Willis Towers Watson PLC 5.750%, 03/15/2021		1,350,000		1,415,109
				76,777,146
Health care – 2.1%
Abbott Laboratories 3.750%, 11/30/2026		680,000		740,959
Agilent Technologies, Inc. 3.875%, 07/15/2023		670,000		704,185
Bausch Health Companies, Inc. 6.125%, 04/15/2025 (D)		490,000		508,375
Baxter International, Inc. 3.500%, 08/15/2046		500,000		503,909
Bayer US Finance II LLC 3.500%, 06/25/2021 (D)		270,000		275,399
Bristol-Myers Squibb Company 2.900%, 07/26/2024 (D)		845,000		871,929
Catalent Pharma Solutions, Inc. 5.000%, 07/15/2027 (D)		81,000		84,038
Celgene Corp. 3.250%, 02/20/2023		341,000		353,029
Centene Corp. 5.375%, 06/01/2026 (D)		343,000		359,293
Cigna Holding Company 4.500%, 03/15/2021		1,100,000		1,130,552
CVS Health Corp.
3.000%, 08/15/2026		108,000		108,516
4.100%, 03/25/2025		500,000		533,898

 

12

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
CVS Health Corp. (continued)
5.050%, 03/25/2048	$	371,000	$	421,913
CVS Pass-Through Trust 8.353%, 07/10/2031 (D)		981,144		1,256,804
DaVita, Inc. 5.000%, 05/01/2025 (E)		545,000		542,956
Encompass Health Corp. 4.500%, 02/01/2028		62,000		62,682
GlaxoSmithKline Capital PLC 3.000%, 06/01/2024		567,000		587,021
HCA, Inc.
4.125%, 06/15/2029		186,000		194,754
5.250%, 04/15/2025 to 06/15/2026		738,000		821,437
MEDNAX, Inc.
5.250%, 12/01/2023 (D)		290,000		294,785
6.250%, 01/15/2027 (D)		292,000		289,790
Mylan NV
3.950%, 06/15/2026 (E)		800,000		827,860
5.250%, 06/15/2046		250,000		265,566
Select Medical Corp. 6.250%, 08/15/2026 (D)		170,000		177,650
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/2026		1,015,000		1,047,465
Team Health Holdings, Inc. 6.375%, 02/01/2025 (D)(E)		89,000		61,499
Teva Pharmaceutical Finance Company LLC 6.150%, 02/01/2036		49,000		36,505
Teva Pharmaceutical Finance Netherlands III BV 6.750%, 03/01/2028 (E)		315,000		258,300
UnitedHealth Group, Inc. 5.800%, 03/15/2036		540,000		720,294
Universal Health Services, Inc.
4.750%, 08/01/2022 (D)		290,000		292,175
5.000%, 06/01/2026 (D)		288,000		300,960
Zimmer Biomet Holdings, Inc. 3.550%, 04/01/2025		550,000		577,515
				15,212,013
Industrials – 3.7%
3M Company 3.250%, 02/14/2024		485,000		510,154
AECOM 5.125%, 03/15/2027		475,000		498,750
AerCap Ireland Capital DAC
2.875%, 08/14/2024		433,000		432,737
5.000%, 10/01/2021		382,000		401,635
Ahern Rentals, Inc. 7.375%, 05/15/2023 (D)		472,000		401,790
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 11/15/2026 (D)		272,942		289,701
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 07/15/2027 (D)		315,741		315,362
Air Lease Corp.
2.250%, 01/15/2023		220,000		218,290
3.000%, 09/15/2023		400,000		406,185
4.750%, 03/01/2020		500,000		504,799
Aircastle, Ltd.
4.400%, 09/25/2023		235,000		247,013
5.500%, 02/15/2022		299,000		318,162

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
American Airlines 2000-1 Pass Through Trust 6.977%, 11/23/2022	$	73,203	$	74,272
American Airlines 2013-2 Class A Pass Through Trust 4.950%, 07/15/2024		362,525		379,853
American Airlines 2015-1 Class A Pass Through Trust 3.375%, 11/01/2028		482,472		499,792
American Airlines 2015-1 Class B Pass Through Trust 3.700%, 11/01/2024		180,268		181,296
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 07/15/2029		478,128		512,362
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 08/15/2030		166,488		175,211
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 08/15/2030		328,594		347,412
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 04/15/2031		141,882		144,989
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 08/15/2033		220,000		228,096
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 08/15/2033		335,000		343,532
Arconic, Inc. 5.125%, 10/01/2024		402,000		428,130
Ashtead Capital, Inc. 4.375%, 08/15/2027 (D)		350,000		360,063
Avolon Holdings Funding, Ltd. 5.125%, 10/01/2023 (D)		295,000		312,966
Azul Investments LLP 5.875%, 10/26/2024 (D)(E)		315,000		314,213
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (D)		256,975		272,136
British Airways 2013-1 Class B Pass Through Trust 5.625%, 12/20/2021 (D)		38,767		39,170
British Airways 2018-1 Class A Pass Through Trust 4.125%, 03/20/2033 (D)		191,227		201,764
Clean Harbors, Inc. 4.875%, 07/15/2027 (D)		65,000		67,844
Continental Airlines 2007-1 Class A Pass Through Trust 5.983%, 10/19/2023		209,946		221,640
Continental Airlines 2012-1 Class B Pass Through Trust 6.250%, 10/11/2021		66,620		67,280
Delta Air Lines 2002-1 Class G-1 Pass Through Trust 6.718%, 07/02/2024		130,080		137,794
Delta Air Lines, Inc.
3.625%, 03/15/2022		590,000		606,091
3.800%, 04/19/2023		411,000		426,255
4.375%, 04/19/2028		510,000		544,096
Empresa de Transporte de Pasajeros Metro SA 4.750%, 02/04/2024 (D)		340,000		368,958

 

13

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Fortive Corp. 3.150%, 06/15/2026	$	700,000	$	710,784
GATX Corp. 3.850%, 03/30/2027		800,000		838,596
General Electric Company
2.700%, 10/09/2022		1,100,000		1,102,847
5.550%, 01/05/2026		588,000		665,069
H&E Equipment Services, Inc. 5.625%, 09/01/2025		175,000		180,145
Harsco Corp. 5.750%, 07/31/2027 (D)		110,000		114,543
Huntington Ingalls Industries, Inc. 5.000%, 11/15/2025 (D)		460,000		481,850
IHS Markit, Ltd.
4.000%, 03/01/2026 (D)		512,000		539,136
4.750%, 02/15/2025 (D)		175,000		189,875
4.750%, 08/01/2028		273,000		303,440
5.000%, 11/01/2022 (D)		145,000		154,450
JB Hunt Transport Services, Inc. 3.850%, 03/15/2024		700,000		739,736
Kratos Defense & Security Solutions, Inc. 6.500%, 11/30/2025 (D)		270,000		288,225
Lennox International, Inc. 3.000%, 11/15/2023		800,000		805,223
LSC Communications, Inc. 8.750%, 10/15/2023 (D)(E)		420,000		306,600
Masco Corp. 4.375%, 04/01/2026		400,000		429,418
Northwest Airlines 2007-1 Class A Pass Through Trust 7.027%, 05/01/2021		76,886		77,117
Owens Corning 3.950%, 08/15/2029		311,000		316,292
Prime Security Services Borrower LLC 9.250%, 05/15/2023 (D)		54,000		56,770
TTX Company 4.200%, 07/01/2046 (D)(E)		700,000		809,133
Tutor Perini Corp. 6.875%, 05/01/2025 (D)(E)		115,000		111,550
Tyco Electronics Group SA 4.875%, 01/15/2021		500,000		516,783
Uber Technologies, Inc. 7.500%, 09/15/2027 (D)		347,000		346,133
Union Pacific Corp. 4.163%, 07/15/2022		1,137,000		1,196,744
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 03/03/2028		465,708		491,554
United Airlines 2014-2 Class B Pass Through Trust 4.625%, 03/03/2024		244,384		251,838
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 01/07/2030		343,477		351,789
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		544,705		554,183
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		147,932		154,145
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 02/25/2033		340,000		376,891

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
United Rentals North America, Inc. 4.875%, 01/15/2028 (E)	$	440,000	$	457,600
US Airways 2010-1 Class A Pass Through Trust 6.250%, 10/22/2024		91,870		100,102
Verisk Analytics, Inc. 4.125%, 03/15/2029		400,000		440,819
XPO Logistics, Inc. 6.500%, 06/15/2022 (D)		254,000		258,445
				26,517,618
Information technology – 3.3%
Advanced Micro Devices, Inc. 7.000%, 07/01/2024 (E)		216,000		224,100
Banff Merger Sub, Inc. 9.750%, 09/01/2026 (D)		290,000		276,805
Broadcom Corp. 3.875%, 01/15/2027		1,820,000		1,829,408
Broadcom, Inc. 4.750%, 04/15/2029 (D)		400,000		422,795
CommScope, Inc. 8.250%, 03/01/2027 (D)(E)		501,000		487,692
Dell International LLC
4.900%, 10/01/2026 (D)		597,000		639,548
5.300%, 10/01/2029 (D)		609,000		662,646
6.020%, 06/15/2026 (D)		400,000		451,075
8.350%, 07/15/2046 (D)		758,000		999,287
Fiserv, Inc.
2.750%, 07/01/2024		388,000		394,636
3.200%, 07/01/2026		570,000		590,517
3.850%, 06/01/2025		614,000		656,449
IBM Corp. 2.850%, 05/13/2022		1,225,000		1,251,889
KLA Corp. 4.100%, 03/15/2029		340,000		375,248
Lam Research Corp.
3.750%, 03/15/2026		435,000		464,311
4.875%, 03/15/2049		359,000		439,185
Marvell Technology Group, Ltd. 4.875%, 06/22/2028		525,000		583,196
Microchip Technology, Inc.
3.922%, 06/01/2021		340,000		347,255
4.333%, 06/01/2023		913,000		958,706
Micron Technology, Inc.
4.185%, 02/15/2027		970,000		998,378
4.663%, 02/15/2030		1,000,000		1,042,358
4.975%, 02/06/2026		225,000		242,360
5.327%, 02/06/2029		858,000		943,133
Microsoft Corp. 4.450%, 11/03/2045		405,000		511,459
Motorola Solutions, Inc. 4.600%, 02/23/2028		683,000		737,577
NXP BV
3.875%, 06/18/2026 (D)		325,000		341,759
4.625%, 06/01/2023 (D)		710,000		756,430
4.875%, 03/01/2024 (D)		354,000		383,893
PayPal Holdings, Inc.
2.400%, 10/01/2024		539,000		540,790
2.850%, 10/01/2029		1,818,000		1,823,847
Qorvo, Inc. 5.500%, 07/15/2026		150,000		158,438
QUALCOMM, Inc. 3.450%, 05/20/2025		500,000		528,566
Seagate HDD Cayman 4.750%, 01/01/2025		475,000		492,396

 

14

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Tech Data Corp.
3.700%, 02/15/2022	$	233,000	$	238,232
4.950%, 02/15/2027		650,000		697,764
Telefonaktiebolaget LM Ericsson 4.125%, 05/15/2022		640,000		659,104
Tempo Acquisition LLC 6.750%, 06/01/2025 (D)		136,000		140,080
VeriSign, Inc.
4.750%, 07/15/2027		195,000		204,263
5.250%, 04/01/2025		205,000		223,819
				23,719,394
Materials – 1.4%
Anglo American Capital PLC
4.125%, 09/27/2022 (D)		400,000		416,640
4.750%, 04/10/2027 (D)		215,000		231,898
Ardagh Packaging Finance PLC 6.000%, 02/15/2025 (D)		190,000		198,664
Bemis Company, Inc. 3.100%, 09/15/2026		500,000		491,084
Braskem Netherlands Finance BV 4.500%, 01/10/2028 (D)		390,000		390,488
Cemex SAB de CV 6.125%, 05/05/2025 (D)		335,000		348,400
CF Industries, Inc. 4.950%, 06/01/2043		175,000		171,500
Commercial Metals Company 5.375%, 07/15/2027		122,000		123,525
Cydsa SAB de CV 6.250%, 10/04/2027 (D)		290,000		295,440
Eastman Chemical Company 4.500%, 01/15/2021		68,000		69,398
First Quantum Minerals, Ltd.
6.875%, 03/01/2026 (D)		175,000		166,688
7.500%, 04/01/2025 (D)		100,000		98,500
Freeport-McMoRan, Inc. 5.450%, 03/15/2043		500,000		450,190
Huntsman International LLC 4.500%, 05/01/2029		500,000		527,242
Klabin Finance SA 4.875%, 09/19/2027 (D)		200,000		203,252
Methanex Corp.
5.250%, 12/15/2029		387,000		388,654
5.650%, 12/01/2044		450,000		434,311
Newmont Goldcorp Corp. 2.800%, 10/01/2029		223,000		220,094
Norbord, Inc. 6.250%, 04/15/2023 (D)		185,000		195,638
Orbia Advance Corp. SAB de CV 5.500%, 01/15/2048 (D)		380,000		382,854
Syngenta Finance NV
4.441%, 04/24/2023 (D)		535,000		559,127
5.676%, 04/24/2048 (D)		205,000		211,921
The Chemours Company 6.625%, 05/15/2023 (E)		352,000		347,600
The Dow Chemical Company
3.000%, 11/15/2022		270,000		275,102
4.125%, 11/15/2021		1,000,000		1,036,338
The Mosaic Company 4.250%, 11/15/2023		600,000		635,808
The Sherwin-Williams Company 4.200%, 01/15/2022		1,000,000		1,037,024
				9,907,380
Real estate – 1.8%
American Homes 4 Rent LP 4.250%, 02/15/2028		415,000		447,758

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
American Tower Corp.
2.950%, 01/15/2025	$	341,000	$	348,393
3.550%, 07/15/2027		662,000		697,929
3.800%, 08/15/2029		280,000		298,919
5.000%, 02/15/2024		670,000		740,347
5.900%, 11/01/2021		800,000		859,692
Columbia Property Trust Operating Partnership LP 4.150%, 04/01/2025		600,000		624,934
Equinix, Inc. 5.375%, 05/15/2027		275,000		296,484
ERP Operating LP 3.375%, 06/01/2025		300,000		317,123
Essex Portfolio LP 3.625%, 05/01/2027		500,000		530,141
GLP Capital LP 5.375%, 04/15/2026		292,000		321,565
HCP, Inc. 3.875%, 08/15/2024		800,000		852,267
Healthcare Trust of America Holdings LP 3.500%, 08/01/2026		500,000		515,443
Mid-America Apartments LP 3.950%, 03/15/2029		700,000		764,053
National Retail Properties, Inc. 3.300%, 04/15/2023		660,000		678,212
Piedmont Operating Partnership LP 4.450%, 03/15/2024		500,000		526,901
Reckson Operating Partnership LP 7.750%, 03/15/2020		775,000		793,056
SBA Tower Trust
2.836%, 01/15/2025 (D)		477,000		477,635
3.722%, 04/09/2048 (D)		608,000		633,609
SL Green Operating Partnership LP 3.250%, 10/15/2022		500,000		510,105
The GEO Group, Inc. 6.000%, 04/15/2026		96,000		77,472
Ventas Realty LP 3.500%, 02/01/2025		343,000		359,204
VEREIT Operating Partnership LP 4.600%, 02/06/2024		397,000		426,413
Weingarten Realty Investors 3.375%, 10/15/2022		1,050,000		1,075,056
				13,172,711
Utilities – 1.3%
ABY Transmision Sur SA 6.875%, 04/30/2043 (D)		216,480		268,167
AmeriGas Partners LP 5.500%, 05/20/2025		250,000		268,438
Arizona Public Service Company 5.500%, 09/01/2035		1,118,000		1,380,798
CenterPoint Energy Houston Electric LLC 6.950%, 03/15/2033		535,000		774,168
CenterPoint Energy, Inc. 2.500%, 09/01/2024		230,000		229,705
Clearway Energy Operating LLC 5.375%, 08/15/2024		543,000		556,575
Electricite de France SA (5.250% to 1-29-23, then 10 Year U.S. Swap Rate + 3.709%) 01/29/2023 (D)(H)		555,000		568,181
Emera US Finance LP 3.550%, 06/15/2026		248,000		259,763
Empresa Electrica Angamos SA 4.875%, 05/25/2029 (D)		243,460		254,378

 

15

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Greenko Dutch BV
4.875%, 07/24/2022 (D)	$	285,000	$	285,154
5.250%, 07/24/2024 (D)		145,000		145,000
Instituto Costarricense de Electricidad 6.375%, 05/15/2043 (D)		210,000		173,777
Israel Electric Corp., Ltd. 6.875%, 06/21/2023 (D)		170,000		193,506
NextEra Energy Capital Holdings, Inc. 3.550%, 05/01/2027		660,000		699,672
NextEra Energy Operating Partners LP
3.875%, 10/15/2026 (D)		323,000		323,000
4.500%, 09/15/2027 (D)		245,000		250,513
NRG Energy, Inc. 3.750%, 06/15/2024 (D)		270,000		277,862
Oncor Electric Delivery Company LLC 4.100%, 06/01/2022		750,000		787,609
PPL Capital Funding, Inc. 3.400%, 06/01/2023		1,160,000		1,193,973
Vistra Operations Company LLC 4.300%, 07/15/2029 (D)		520,000		533,650
				9,423,889
TOTAL CORPORATE BONDS (Cost $258,755,807)			$	273,454,278
CAPITAL PREFERRED SECURITIES – 0.2%
Financials – 0.2%
State Street Corp. (3 month LIBOR + 1.000%) 3.119%, 06/01/2077 (B)		132,000		101,298
SunTrust Preferred Capital I (Greater of 3 month LIBOR + 0.645% or 4.000%) 4.000%, 11/01/2019 (B)(H)		425,000		367,625
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) 3.500%, 11/01/2019 (B)(H)		1,045,000		890,863
				1,359,786
TOTAL CAPITAL PREFERRED SECURITIES (Cost $1,503,699)			$	1,359,786
MUNICIPAL BONDS – 0.7%
New Jersey State Turnpike Authority 7.414%, 01/01/2040		1,885,000		3,037,301
The School District of Philadelphia
5.995%, 09/01/2030		315,000		400,349
6.765%, 06/01/2040		1,010,000		1,360,844
TOTAL MUNICIPAL BONDS (Cost $3,662,761)			$	4,798,494
TERM LOANS (I) – 0.0%
Financials – 0.0%
LSF9 Atlantis Holdings LLC, 2017 Term Loan (1 month LIBOR + 6.000%) 8.042%, 05/01/2023		198,188		184,102
TOTAL TERM LOANS (Cost $196,838)			$	184,102
COLLATERALIZED MORTGAGE OBLIGATIONS – 9.0%
Commercial and residential – 6.8%
Americold LLC
Series 2010-ARTA, Class C, 6.811%, 01/14/2029 (D)		1,350,000		1,402,692
Series 2010-ARTA, Class D, 7.443%, 01/14/2029 (D)		1,789,000		1,862,311
Angel Oak Mortgage Trust I LLC
Series 2018-1, Class A1, 3.258%, 04/27/2048 (D)(J)		80,236		80,441
Series 2018-3, Class A1, 3.649%, 09/25/2048 (D)(J)		162,312		164,160

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
AOA Mortgage Trust Series 2015-1177, Class C 3.110%, 12/13/2029 (D)(J)	$	190,000	$	191,209
Arroyo Mortgage Trust
Series 2018-1, Class A1, 3.763%, 04/25/2048 (D)(J)		686,647		699,072
Series 2019-2, Class A1, 3.347%, 04/25/2049 (D)(J)		607,140		616,244
Series 2019-3, Class A1, 2.962%, 10/25/2048 (D)(J)		329,593		332,031
Bayview Commercial Asset Trust
Series 2005-1A, Class A2 (1 month LIBOR + 0.525%), 2.543%, 04/25/2035 (B)(D)		299,153		293,856
Series 2005-4A, Class A2 (1 month LIBOR + 0.390%), 2.408%, 01/25/2036 (B)(D)		165,521		160,277
Series 2006-2A, Class A2 (1 month LIBOR + 0.280%), 2.298%, 07/25/2036 (B)(D)		253,169		243,685
BBCMS Mortgage Trust
Series 2018-TALL, Class B (1 month LIBOR + 0.971%), 2.998%, 03/15/2037 (B)(D)		353,000		352,227
Series 2018-TALL, Class E (1 month LIBOR + 2.437%), 4.465%, 03/15/2037 (B)(D)		223,000		223,417
BBCMS Trust
Series 2015-MSQ, Class D, 4.123%, 09/15/2032 (D)(J)		205,000		208,998
Series 2015-SRCH, Class D, 5.122%, 08/10/2035 (D)(J)		329,000		363,290
Bear Stearns Asset Backed Securities Trust Series 2003-AC4, Class A 5.500%, 09/25/2033		469,542		482,227
Bear Stearns Commercial Mortgage Securities Trust Series 2004-T16, Class X1 IO 2.036%, 02/13/2046 (D)		50,952		2,213
BENCHMARK Mortgage Trust
Series 2019-B10, Class A2, 3.614%, 03/15/2062		475,000		502,298
Series 2019-B11, Class A2, 3.410%, 05/15/2052		380,000		399,974
Series 2019-B12, Class A2, 3.001%, 08/15/2052		475,000		492,750
Series 2019-B13, Class A2, 2.889%, 08/15/2057		418,000		432,097
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 2.666%, 07/25/2059 (D)(J)		266,674		267,040
BWAY Mortgage Trust Series 2015-1740, Class XA IO 1.023%, 01/10/2035 (D)		3,705,000		77,091
BX Commercial Mortgage Trust Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) 3.349%, 03/15/2037 (B)(D)		260,000		260,649
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) 3.777%, 12/15/2037 (B)(D)		121,000		121,604

 

16

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050	$	1,800,000	$	1,950,301
CGBAM Commercial Mortgage Trust Series 2015-SMRT, Class F 3.912%, 04/10/2028 (D)(J)		120,000		120,538
CGDBB Commercial Mortgage Trust Series 2017-BIOC, Class E (1 month LIBOR + 2.150%) 4.178%, 07/15/2032 (B)(D)		254,000		254,000
CHL Mortgage Pass Through Trust Series 2004-HYB2, Class 4A 4.958%, 07/20/2034 (J)		529,915		544,341
CHT Mortgage Trust Series 2017-CSMO, Class D (1 month LIBOR + 2.250%) 4.277%, 11/15/2036 (B)(D)		358,000		358,446
Citigroup Commercial Mortgage Trust
Series 2017-1500, Class E (1 month LIBOR + 2.500%), 4.527%, 07/15/2032 (B)(D)		103,000		103,464
Series 2018-C5, Class XA IO, 0.758%, 06/10/2051		9,967,357		492,154
Series 2019-PRM, Class A, 3.341%, 05/10/2036 (D)		170,000		177,376
Series 2019-SMRT, Class A, 4.149%, 01/10/2024 (D)		158,000		169,841
CLNS Trust Series 2017-IKPR, Class C (1 month LIBOR + 1.100%) 3.301%, 06/11/2032 (B)(D)		153,000		152,760
COLT Mortgage Loan Trust
Series 2018-2, Class A1, 3.470%, 07/27/2048 (D)(J)		61,422		61,632
Series 2019-2, Class A1, 3.337%, 05/25/2049 (D)(J)		277,455		282,224
Commercial Mortgage Trust (Bank of America Merrill Lynch/Deutsche Bank AG) Series 2013-WWP, Class A2 3.424%, 03/10/2031 (D)		1,400,000		1,462,774
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR2, Class XA IO, 1.800%, 08/15/2045		9,433,953		354,197
Series 2012-CR3 Class XA IO, 2.022%, 10/15/2045		9,317,026		429,122
Series 2013-CR8 Class AM, 3.955%, 06/10/2046 (D)(J)		1,000,000		1,047,900
Series 2014-CR15, Class C, 4.898%, 02/10/2047 (J)		800,000		868,371
Series 2014-CR15, Class XA IO, 1.094%, 02/10/2047		9,241,010		303,063
Series 2014-CR16, Class C, 5.093%, 04/10/2047 (J)		400,000		430,281
Series 2014-CR20, Class A3, 3.326%, 11/10/2047		730,000		767,796
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO 0.588%, 05/10/2051		5,049,025		175,915

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2012-LC4, Class B, 4.934%, 12/10/2044 (J)	$	108,000	$	112,884
Series 2012-LC4, Class XA IO, 2.289%, 12/10/2044 (D)		4,111,972		162,492
Series 2013-300P, Class D, 4.540%, 08/10/2030 (D)(J)		377,000		396,680
Series 2013-300P, Class E, 4.540%, 08/10/2030 (D)(J)		700,000		714,421
Series 2013-LC13, Class B, 5.009%, 08/10/2046 (D)(J)		114,000		123,591
Series 2014-LC15, Class C, 5.154%, 04/10/2047 (J)		400,000		431,805
Series 2017-PANW, Class A, 3.244%, 10/10/2029 (D)		159,000		165,652
Commercial Mortgage Trust (Deutsche Bank AG/UBS AG) Series 2014-UBS2, Class XA IO 1.366%, 03/10/2047		4,413,725		185,857
Core Industrial Trust Series 2015-CALW, Class XA IO 0.939%, 02/10/2034 (D)		4,836,326		75,334
Credit Suisse First Boston Mortgage Securities Corp. Series 2005-C1, Class AX IO 0.879%, 02/15/2038 (D)		255,161		5
Credit Suisse Mortgage Capital Certificates Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) 3.627%, 05/15/2036 (B)(D)		830,000		831,037
CSMC Trust Series 2019-AFC1, Class A1 2.573%, 07/25/2049 (D)		553,946		551,580
DSLA Mortgage Loan Trust Series 2004-AR3, Class 2A2B (1 month LIBOR + 0.900%) 3.082%, 07/19/2044 (B)		557,814		564,493
FREMF Mortgage Trust
Series 2011-K10, Class B, 4.781%, 11/25/2049 (D)(J)		1,000,000		1,021,464
Series 2011-K11, Class B, 4.567%, 12/25/2048 (D)(J)		875,000		894,474
Series 2017-K67, Class B, 4.079%, 09/25/2049 (D)(J)		445,000		475,438
Galton Funding Mortgage Trust Series 2018-1, Class A43 3.500%, 11/25/2057 (D)(J)		112,544		113,941
GCAT LLC Series 2019-NQM1, Class A1 2.985%, 02/25/2059 (D)		620,097		626,865
GE Capital Commercial Mortgage Corp. Series 2005-C1, Class XC IO 0.011%, 06/10/2048 (D)		3,794,102		1
GE Commercial Mortgage Corp. Trust Series 2007-C1, Class AM 5.606%, 12/10/2049 (J)		156,063		127,152
Great Wolf Trust Series 2017-WOLF, Class E (1 month LIBOR + 3.100%) 5.128%, 09/15/2034 (B)(D)		120,000		120,037

 

17

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Greenwich Capital Commercial Funding Corp. Series 2006-GG7, Class AM 5.821%, 07/10/2038 (J)	$	134,420	$	135,167
GS Mortgage Securities Trust
Series 2012-GC17, Class XA IO, 2.357%, 05/10/2045		2,683,128		89,189
Series 2013-GC10, Class C, 4.285%, 02/10/2046 (D)(J)		859,800		893,762
Series 2015-590M, Class C, 3.932%, 10/10/2035 (D)(J)		150,000		156,418
Series 2016-RENT, Class D, 4.202%, 02/10/2029 (D)(J)		319,000		322,703
Series 2017-485L, Class C, 4.115%, 02/10/2037 (D)(J)		155,000		162,387
Series 2017-500K, Class F (1 month LIBOR + 1.800%), 3.828%, 07/15/2032 (B)(D)		58,000		58,145
Series 2019-GC39, Class A2, 3.457%, 05/10/2052		539,000		568,919
Series 2019-GC40, Class A2, 2.971%, 07/10/2052		445,000		461,150
Series 2005-GG4, Class XC IO, 1.590%, 07/10/2039 (D)		512,251		1,386
Series 2015-GC30, Class A3, 3.119%, 05/10/2050		210,000		219,421
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (D)		14,216,510		240,093
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		14,178,974		204,674
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (D)		12,577,536		178,997
Hilton Orlando Trust
Series 2018-ORL, Class B (1 month LIBOR + 1.050%), 3.078%, 12/15/2034 (B)(D)		1,000,000		999,053
Series 2018-ORL, Class D (1 month LIBOR + 1.700%), 3.728%, 12/15/2034 (B)(D)		145,000		144,999
Hudsons Bay Simon JV Trust Series 2015-HBFL, Class DFL (1 month LIBOR + 3.900%) 6.260%, 08/05/2034 (B)(D)		100,000		99,943
IMT Trust
Series 2017-APTS, Class AFX, 3.478%, 06/15/2034 (D)		172,000		180,506
Series 2017-APTS, Class CFX, 3.613%, 06/15/2034 (D)(J)		188,000		192,594
IndyMac Index Mortgage Loan Trust
Series 2005-AR12, Class AX2 IO, 1.027%, 07/25/2035		2,047,034		98,760
Series 2005-AR8, Class AX2 IO, 1.069%, 05/25/2035		1,238,001		75,483
Series 2005-AR18, Class 1X IO, 0.894%, 10/25/2036		2,195,073		141,521
Irvine Core Office Trust
Series 2013-IRV, Class A2, 3.279%, 05/15/2048 (D)(J)		325,000		337,389
Series 2013-IRV, Class XA IO, 1.211%, 05/15/2048 (D)		9,136,557		183,247

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
JPMBB Commercial Mortgage Securities Trust
Series 2013-C14, Class XA IO, 0.733%, 08/15/2046	$	6,352,182	$	122,469
Series 2015-C31, Class A3, 3.801%, 08/15/2048		225,000		243,640
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2006-LDP8, Class X IO, 0.285%, 05/15/2045		742,938		1,176
Series 2011-C3A, Class XA IO, 1.135%, 02/15/2046 (D)		9,399,278		101,713
Series 2011-C4, Class XA IO, 1.367%, 07/15/2046 (D)		7,131,250		103,824
Series 2012-HSBC, Class XA IO, 1.582%, 07/05/2032 (D)		10,247,350		358,381
Series 2015-JP1, Class A4, 3.650%, 01/15/2049		255,000		274,871
Series 2018-PHH, Class A (1 month LIBOR + 0.910%), 2.938%, 06/15/2035 (B)(D)		150,208		149,947
KNDL Mortgage Trust Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) 3.377%, 05/15/2036 (B)(D)		185,000		185,029
LB-UBS Commercial Mortgage Trust Series 2005-C1, Class XCL IO 0.100%, 02/15/2040 (D)		699,674		73
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1, 4.852%, 04/21/2034 (J)		135,657		138,463
Series 2004-8, Class 5A1, 4.667%, 08/25/2034 (J)		307,278		316,666
MASTR Alternative Loan Trust Series 2004-4, Class 8A1 6.500%, 05/25/2034		283,527		304,128
Merrill Lynch Mortgage Investors Trust Series 2005-A, Class A1 (1 month LIBOR + 0.460%) 2.605%, 03/25/2030 (B)		27,704		27,214
Merrill Lynch Mortgage Trust
Series 2008-C1, Class X IO, 0.060%, 02/12/2051 (D)		4,975,792		50
Series 2005-CIP1, Class XC IO, 0.010%, 07/12/2038 (D)		3,859,119		225
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2012-C5, Class XA IO, 1.601%, 08/15/2045 (D)		10,151,408		331,403
Series 2012-C6, Class XA IO, 1.768%, 11/15/2045 (D)		6,043,226		235,486
Series 2013-C7, Class AS, 3.214%, 02/15/2046		1,000,000		1,020,365
Series 2013-C7, Class XA IO, 1.489%, 02/15/2046		10,938,397		409,281
Series 2014-C17, Class XA IO, 1.274%, 08/15/2047		12,239,575		493,487
Morgan Stanley Capital I Trust
Series 2011-C3, Class XA IO, 0.804%, 07/15/2049 (D)		6,805,063		55,201
Series 2012-C4, Class AS, 3.773%, 03/15/2045		2,371,500		2,443,760

 

18

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Morgan Stanley Capital I Trust (continued)
Series 2017-CLS, Class D (1 month LIBOR + 1.400%), 3.428%, 11/15/2034 (B)(D)	$	368,000	$	368,000
Series 2005-IQ9, Class X1 IO, 0.797%, 07/15/2056 (D)		3,067,126		31
MSCG Trust Series 2016-SNR, Class D 6.550%, 11/15/2034 (D)		254,150		260,582
Natixis Commercial Mortgage Securities Trust
Series 2018-285M, Class D, 3.917%, 11/15/2032 (D)(J)		135,000		137,891
Series 2018-ALXA, Class C, 4.460%, 01/15/2043 (D)(J)		168,000		186,906
One Market Plaza Trust Series 2017-1MKT, Class D 4.146%, 02/10/2032 (D)		90,000		92,481
Residential Accredit Loans, Inc. Series 2005-QO4, Class XIO IO 2.182%, 12/25/2045		2,517,077		201,419
Seasoned Credit Risk Transfer Trust Series 2019-2, Class MA 3.500%, 08/25/2058		568,887		595,018
Sequoia Mortgage Trust Series 2005-3, Class A1 (1 month LIBOR + 0.200%) 2.244%, 05/20/2035 (B)		66,817		66,546
Starwood Mortgage Residential Trust Series 2018-IMC1, Class A1 3.793%, 03/25/2048 (D)(J)		139,529		141,569
Structured Asset Securities Corp. Series 1998-RF2, Class A 4.739%, 07/15/2027 (D)(J)		55,252		53,907
UBS Commercial Mortgage Trust Series 2012-C1, Class B 4.822%, 05/10/2045		55,000		57,817
UBS-Barclays Commercial Mortgage Trust Series 2012-C2, Class XA IO 1.471%, 05/10/2063 (D)		6,117,186		186,469
Verus Securitization Trust Series 2018-3, Class A1 4.108%, 10/25/2058 (D)(J)		422,772		427,426
VNDO Mortgage Trust Series 2013-PENN, Class D 4.079%, 12/13/2029 (D)(J)		347,000		350,120
Wachovia Bank Commercial Mortgage Trust Series 2005-C17, Class XC IO 0.219%, 03/15/2042 (D)		235,563		864
WaMu Mortgage Pass Through Certificates
Series 2004-AR8, Class A2 (1 month LIBOR + 0.400%), 2.545%, 06/25/2044 (B)		440,718		448,242
Series 2005-AR2, Class 2A1B (1 month LIBOR + 0.370%), 2.515%, 01/25/2045 (B)		658,692		654,816
Series 2005-AR8, Class 2AB2 (1 month LIBOR + 0.840%), 2.985%, 07/25/2045 (B)		467,148		469,978

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
WaMu Mortgage Pass Through Certificates (continued)
Series 2005-AR8, Class 2AB3 (1 month LIBOR + 0.720%), 2.865%, 07/25/2045 (B)	$	373,162	$	372,409
Washington Mutual Mortgage Pass Through Certificates Series 2005-1, Class 6A1 6.500%, 03/25/2035		274,701		277,301
Wells Fargo Commercial Mortgage Trust
Series 2013-120B, Class C, 2.800%, 03/18/2028 (D)(J)		344,000		343,025
Series 2017-SMP, Class D (1 month LIBOR + 1.650%), 3.678%, 12/15/2034 (B)(D)		95,000		94,693
Wells Fargo Mortgage Backed Securities Trust Series 2005-AR3, Class 1A2 4.990%, 03/25/2035 (J)		276,825		282,073
WF-RBS Commercial Mortgage Trust
Series 2011-C3, Class XA IO, 1.493%, 03/15/2044 (D)		12,801,072		212,954
Series 2012-C10, Class XA IO, 1.700%, 12/15/2045 (D)		6,103,806		253,657
Series 2012-C9, Class XA IO, 2.062%, 11/15/2045 (D)		7,159,795		342,567
Series 2013-C15, Class B, 4.624%, 08/15/2046 (J)		58,000		61,910
Series 2013-C16, Class B, 5.194%, 09/15/2046 (J)		74,000		80,566
				48,917,547
U.S. Government Agency – 2.2%
Federal Home Loan Mortgage Corp.
Series 290, Class IO, 3.500%, 11/15/2032		1,771,303		197,386
Series 3387, Class SB IO, 4.393%, 11/15/2037		1,339,414		206,176
Series 3632, Class AP, 3.000%, 02/15/2040		1,109,850		1,138,577
Series K005, Class AX IO, 1.631%, 11/25/2019		5,843,586		123
Series K011, Class X1 IO, 0.323%, 11/25/2020		45,707,700		103,459
Series K014, Class X1 IO, 1.323%, 04/25/2021		8,917,422		133,172
Series K015, Class X1 IO, 1.726%, 07/25/2021		8,701,300		212,347
Series K018, Class X1 IO, 1.455%, 01/25/2022		3,354,187		78,489
Series K021, Class A2, 2.396%, 06/25/2022		1,000,000		1,009,572
Series K021, Class X1 IO, 1.564%, 06/25/2022		11,813,785		393,829
Series K022, Class X1 IO, 1.346%, 07/25/2022		2,534,403		72,487
Series K026, Class X1 IO, 1.108%, 11/25/2022		10,247,407		264,159
Series K040, Class A2, 3.241%, 09/25/2024		260,000		274,541
Series K043, Class A2, 3.062%, 12/25/2024		405,000		424,875
Series KAIV, Class X1 IO, 1.252%, 06/25/2021		29,281,949		443,768

 

19

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series KIR3, Class A1, 3.038%, 08/25/2027	$	760,000	$	801,268
Series KS01, Class X1 IO, 1.435%, 01/25/2023		6,533,744		171,922
Series T-41, Class 3A, 5.411%, 07/25/2032 (J)		57,270		63,401
Federal National Mortgage Association
Series 2001-50, Class BA, 7.000%, 10/25/2041		8,566		9,692
Series 2010-15, Class KA, 4.000%, 03/25/2039		194,808		197,480
Series 2011-41, Class KA, 4.000%, 01/25/2041		309,012		319,629
Series 2011-86, Class NA, 4.000%, 01/25/2041		478,389		487,572
Series 2012-137, Class WI IO, 3.500%, 12/25/2032		1,880,216		223,625
Series 2012-21, Class PA, 2.000%, 03/25/2041		2,634,757		2,620,550
Series 2012-38, Class PA, 2.000%, 09/25/2041		896,838		893,177
Series 2012-M5, Class X IO, 0.623%, 02/25/2022		12,780,381		125,912
Series 2002-W3, Class A5, 7.500%, 11/25/2041		64,501		76,227
Government National Mortgage Association
Series 2008-90, Class IO, 1.876%, 12/16/2050		2,637,429		569,008
Series 2010-147, Class SA IO, 4.126%, 05/20/2040		1,564,940		108,651
Series 2010-85, Class SB IO, 4.118%, 03/16/2040		1,661,662		254,541
Series 2012-114, Class IO, 0.767%, 01/16/2053		771,376		35,166
Series 2012-120, Class IO, 0.780%, 02/16/2053		8,845,864		433,419
Series 2012-70, Class IO, 0.442%, 08/16/2052		5,308,330		75,866
Series 2015-41, Class IO, 0.622%, 09/16/2056		9,270,409		397,716
Series 2016-174, Class IO, 0.913%, 11/16/2056		915,825		68,547
Series 2017-109, Class IO, 0.610%, 04/16/2057		1,963,358		101,483
Series 2017-124, Class IO, 0.706%, 01/16/2059		2,702,016		168,661
Series 2017-135, Class IO, 0.839%, 10/16/2058		1,716,378		112,906
Series 2017-140, Class IO, 0.609%, 02/16/2059		1,244,354		71,184
Series 2017-159, Class IO, 0.544%, 06/16/2059		1,858,268		96,751
Series 2017-169, Class IO, 0.733%, 01/16/2060		3,957,162		255,662
Series 2017-20, Class IO, 0.747%, 12/16/2058		4,253,524		250,164
Series 2017-22, Class IO, 1.022%, 12/16/2057		705,264		58,312
Series 2017-41, Class IO, 0.792%, 07/16/2058		1,936,559		124,700

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2017-46, Class IO, 0.620%, 11/16/2057	$	1,701,130	$	95,569
Series 2017-61, Class IO, 0.769%, 05/16/2059		911,078		62,094
Series 2018-081, Class IO, 0.448%, 01/16/2060		620,908		34,036
Series 2018-158, Class IO, 0.727%, 05/16/2061		3,493,986		261,797
Series 2018-35, Class IO, 0.526%, 03/16/2060		4,135,571		224,860
Series 2018-43, Class IO, 0.576%, 05/16/2060		4,680,320		267,613
Series 2018-69, Class IO, 0.536%, 04/16/2060		2,799,794		166,482
Series 2018-9, Class IO, 0.558%, 01/16/2060		3,063,227		168,599
				15,407,202
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $64,903,670)			$	64,324,749
ASSET BACKED SECURITIES – 8.6%
AccessLex Institute
Series 2005-1, Class A4 (3 month LIBOR + 0.210%) 2.369%, 06/22/2037 (B)		165,077		158,394
Series 2006-1, Class A3 (3 month LIBOR + 0.200%) 2.332%, 08/25/2037 (B)		737,091		715,471
Series 2007-A, Class A3 (3 month LIBOR + 0.300%) 2.432%, 05/25/2036 (B)		262,468		258,167
Ally Master Owner Trust Series 2018-1, Class A2 2.700%, 01/17/2023		1,065,000		1,074,191
Americredit Automobile Receivables Trust
Series 2018-2, Class C 3.590%, 06/18/2024		200,000		206,215
Series 2018-3, Class C 3.740%, 10/18/2024		211,000		220,467
Ameriquest Mortgage Securities, Inc. Series 2005-R10, Class M1 (1 month LIBOR + 0.410%) 2.428%, 01/25/2036 (B)		263,620		263,618
Amresco Residential Securities Corp. Mortgage Loan Trust Series 1998-1, Class A6 6.510%, 08/25/2027 (J)		134		138
Applebee's Funding LLC Series 2019-1A, Class A2I 4.194%, 06/07/2049 (D)		541,000		553,367
Arby's Funding LLC Series 2015-1A, Class A2 4.969%, 10/30/2045 (D)		462,000		475,329
ARL First LLC Series 2012-1A, Class A2 3.810%, 12/15/2042 (D)		900,000		927,338
Avis Budget Rental Car Funding AESOP LLC
Series 2019-1A, Class A 3.450%, 03/20/2023 (D)		280,000		287,595

 

20

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Avis Budget Rental Car Funding AESOP LLC (continued)
Series 2019-3A, Class A 2.360%, 03/20/2026 (D)	$	439,000	$	437,204
BA Credit Card Trust Series 2017-A1, Class A1 1.950%, 08/15/2022		3,730,000		3,727,765
BRE Grand Islander Timeshare Issuer LLC Series 2019-A, Class A 3.280%, 09/26/2033 (D)		270,259		275,309
Business Loan Express SBA Loan Trust Series 2005-1A, Class A (1 month LIBOR + 0.300%) 2.318%, 06/27/2033 (B)(D)		269,066		255,211
Capital One Multi-Asset Execution Trust
Series 2015-A8, Class A8 2.050%, 08/15/2023		3,500,000		3,503,833
Series 2016-A7, Class A7 (1 month LIBOR + 0.510%) 2.538%, 09/16/2024 (B)		3,123,000		3,140,850
Centex Home Equity Loan Trust Series 2005-A, Class M4 (1 month LIBOR + 1.200%) 3.218%, 01/25/2035 (B)		156,736		149,292
Chase Issuance Trust Series 2016-A3, Class A3 (1 month LIBOR + 0.550%) 2.745%, 06/15/2023 (B)		4,500,000		4,529,562
Citibank Credit Card Issuance Trust
Series 2017-A3, Class A3 1.920%, 04/07/2022		3,000,000		2,998,031
Series 2017-A7, Class A7 (1 month LIBOR + 0.370%) 2.412%, 08/08/2024 (B)		3,000,000		3,006,575
CLI Funding LLC Series 2018-1A, Class A 4.030%, 04/18/2043 (D)		400,210		404,030
CNH Equipment Trust Series 2018-B, Class A3 3.190%, 11/15/2023		455,000		463,435
Coinstar Funding LLC Series 2017-1A, Class A2 5.216%, 04/25/2047 (D)		449,650		463,078
Collegiate Funding Services Education Loan Trust Series 2005-A, Class A4 (3 month LIBOR + 0.200%) 2.530%, 03/28/2035 (B)		240,000		230,400
Conseco Finance Corp. Series 1996-10, Class M1 7.240%, 11/15/2028 (J)		207,249		217,152
ContiMortgage Home Equity Loan Trust Series 1995-2, Class A5 8.100%, 08/15/2025		6,834		3,974
Credit-Based Asset Servicing & Securitization LLC Series 2006-MH1, Class B1 6.250%, 10/25/2036 (D)		2,560,000		2,641,018
Cronos Containers Program I, Ltd. Series 2013-1A, Class A 3.080%, 04/18/2028 (D)		645,000		644,500
CWABS Asset-Backed Certificates Trust Series 2004-10, Class AF5B 4.559%, 02/25/2035		58,953		59,024

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
DB Master Finance LLC
Series 2017-1A, Class A2I 3.629%, 11/20/2047 (D)	$	211,238	$	216,316
Series 2017-1A, Class A2II 4.030%, 11/20/2047 (D)		225,975		234,101
Series 2019-1A, Class A2I 3.787%, 05/20/2049 (D)		1,142,138		1,176,173
DLL LLC Series 2018-ST2, Class A3 3.460%, 01/20/2022 (D)		370,000		374,411
Domino's Pizza Master Issuer LLC
Series 2017-1A, Class A23 4.118%, 07/25/2047 (D)		607,600		635,671
Series 2017-1A, Class A2II 3.082%, 07/25/2047 (D)		980,000		983,322
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (D)		625,625		642,692
Enterprise Fleet Financing LLC Series 2018-3, Class A2 3.380%, 05/20/2024 (D)		474,303		480,307
Evergreen Credit Card Trust Series 2018-1, Class A 2.950%, 03/15/2023 (D)		675,000		684,555
FOCUS Brands Funding LLC Series 2017-1A, Class A2I 3.857%, 04/30/2047 (D)		195,500		196,468
Ford Credit Floorplan Master Owner Trust
Series 2018-3, Class A1 3.520%, 10/15/2023		825,000		848,898
Series 2019-2, Class A 3.320%, 04/15/2026		688,000		713,531
GMF Floorplan Owner Revolving Trust Series 2019-2, Class A 2.900%, 04/15/2026 (D)		645,000		663,918
Goal Capital Funding Trust Series 2005-2, Class A4 (3 month LIBOR + 0.200%) 2.332%, 08/25/2044 (B)		985,372		963,060
Golden Credit Card Trust Series 2018-4A, Class A 3.440%, 10/15/2025 (D)		480,000		503,511
GSRPM Mortgage Loan Trust Series 2006-1, Class A1 (1 month LIBOR + 0.300%) 2.318%, 03/25/2035 (B)(D)		197,836		197,035
Hilton Grand Vacations Trust
Series 2017-AA, Class A 2.660%, 12/26/2028 (D)		440,284		441,406
Series 2018-AA, Class A 3.540%, 02/25/2032 (D)		143,386		147,934
InSite Issuer LLC
Series 2016-1A, Class A 2.883%, 11/15/2046 (D)		750,000		757,666
Series 2016-1A, Class B 4.557%, 11/15/2046 (D)		500,000		516,426
Jack In The Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (D)		230,000		238,409
Series 2019-1A, Class A2I 3.982%, 08/25/2049 (D)		230,000		233,887
KeyCorp Student Loan Trust Series 2004-A, Class 1A2 (3 month LIBOR + 0.240%) 2.496%, 10/27/2042 (B)		297,178		286,128

 

21

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Long Beach Mortgage Loan Trust Series 2004-1, Class M3 (1 month LIBOR + 1.050%) 3.068%, 02/25/2034 (B)	$	64,520	$	64,362
MelTel Land Funding LLC Series 2019-1A, Class A 3.768%, 04/15/2049 (D)		257,000		263,433
Mill City Mortgage Loan Trust Series 2018-3, Class A1 3.500%, 08/25/2058 (D)(J)		227,969		234,200
MMAF Equipment Finance LLC
Series 2017-B, Class A3 2.210%, 10/17/2022 (D)		369,076		369,205
Series 2019-A, Class A3 3.270%, 11/13/2023 (D)		324,000		329,351
MVW Owner Trust
Series 2015-1A, Class A 2.520%, 12/20/2032 (D)		39,346		39,323
Series 2018-1A, Class A 3.450%, 01/21/2036 (D)		341,237		351,764
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (D)		465,445		482,412
Nelnet Student Loan Trust Series 2006-1, Class A6 (3 month LIBOR + 0.450%) 2.598%, 08/23/2036 (B)(D)		660,000		640,170
New Residential Mortgage LLC
Series 2018-FNT1, Class A 3.610%, 05/25/2023 (D)		259,972		263,402
Series 2018-FNT2, Class A 3.790%, 07/25/2054 (D)		138,664		140,979
NextGear Floorplan Master Owner Trust Series 2018-2A, Class A2 3.690%, 10/15/2023 (D)		350,000		360,342
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (D)		112,043		112,588
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (D)		445,300		448,419
Option One Mortgage Loan Trust Series 2004-1, Class M1 (1 month LIBOR + 0.900%) 2.918%, 01/25/2034 (B)		292,063		289,667
Oxford Finance Funding LLC Series 2019-1A, Class A2 4.459%, 02/15/2027 (D)		185,000		189,692
PFS Financing Corp. Series 2018-B, Class A 2.890%, 02/15/2023 (D)		420,000		424,130
Renaissance Home Equity Loan Trust Series 2005-2, Class AF4 4.934%, 08/25/2035		134,245		137,777
Santander Drive Auto Receivables Trust
Series 2018-2, Class C 3.350%, 07/17/2023		200,000		202,079
Series 2018-3, Class C 3.510%, 08/15/2023		485,000		493,172
SCF Equipment Leasing LLC Series 2019-1A, Class A2 3.230%, 10/20/2024 (D)		186,000		187,634
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (D)		385,000		393,490

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Sierra Timeshare Receivables Funding LLC
Series 2018-2A, Class A 3.500%, 06/20/2035 (D)	$	190,490	$	194,554
Series 2019-1A, Class A 3.200%, 01/20/2036 (D)		228,217		231,279
SMB Private Education Loan Trust
Series 2015-C, Class A2A 2.750%, 07/15/2027 (D)		181,489		182,552
Series 2019-B, Class A2A 2.840%, 06/15/2037 (D)		591,000		600,301
Sonic Capital LLC Series 2016-1A, Class A2 4.472%, 05/20/2046 (D)		97,664		98,886
SunTrust Student Loan Trust Series 2006-1A, Class A4 (3 month LIBOR + 0.190%) 2.446%, 10/28/2037 (B)(D)		767,224		750,842
Taco Bell Funding LLC
Series 2016-1A, Class A2II 4.377%, 05/25/2046 (D)		684,250		693,734
Series 2018-1A, Class A2I 4.318%, 11/25/2048 (D)		563,740		583,899
TAL Advantage V LLC Series 2014-1A, Class A 3.510%, 02/22/2039 (D)		395,292		394,810
Towd Point Mortgage Trust
Series 2015-1, Class A5 3.987%, 10/25/2053 (D)(J)		105,000		109,166
Series 2015-2, Class 1M2 3.806%, 11/25/2060 (D)(J)		245,000		257,873
Series 2015-6, Class M2 3.750%, 04/25/2055 (D)(J)		1,000,000		1,061,938
Series 2016-5, Class A1 2.500%, 10/25/2056 (D)(J)		194,371		194,170
Series 2017-1, Class A1 2.750%, 10/25/2056 (D)(J)		71,403		72,054
Series 2017-2, Class A1 2.750%, 04/25/2057 (D)(J)		61,776		62,245
Series 2018-1, Class A1 3.000%, 01/25/2058 (D)(J)		157,943		159,925
Series 2018-3, Class A1 3.750%, 05/25/2058 (D)(J)		273,210		283,269
Series 2018-4, Class A1 3.000%, 06/25/2058 (D)(J)		455,867		467,253
Series 2018-5, Class A1A 3.250%, 07/25/2058 (D)(J)		83,886		85,076
Series 2018-6, Class A1A 3.750%, 03/25/2058 (D)(J)		648,433		665,487
Series 2019-1, Class A1 3.750%, 03/25/2058 (D)(J)		320,940		336,597
Toyota Auto Loan Extended Note Trust Series 2019-1A, Class A 3.270%, 11/25/2031 (D)		1,265,000		1,293,005
Triton Container Finance V LLC Series 2018-1A, Class A 3.950%, 03/20/2043 (D)		284,750		291,153
Vantage Data Centers Issuer LLC Series 2018-1A, Class A2 4.072%, 02/16/2043 (D)		265,725		276,202
VB-S1 Issuer LLC
Series 2016-1A, Class D 4.459%, 06/15/2046 (D)		500,000		506,738
Series 2016-1A, Class F 6.901%, 06/15/2046 (D)		250,000		259,402

 

22

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (D)	$	227,646	$	227,371
Wachovia Student Loan Trust Series 2006-1, Class B (3 month LIBOR + 0.240%) 2.515%, 04/25/2040 (B)(D)		79,617		74,687
Westgate Resorts LLC
Series 2015-2A, Class B 4.000%, 07/20/2028 (D)		57,992		57,876
Series 2016-1A, Class A 3.500%, 12/20/2028 (D)		27,804		27,907
Series 2017-1A, Class A 3.050%, 12/20/2030 (D)		196,387		197,178
Westlake Automobile Receivables Trust Series 2019-1A, Class C 4.050%, 03/15/2024 (D)		260,000		263,834
TOTAL ASSET BACKED SECURITIES (Cost $60,991,727)			$	61,805,212
PREFERRED SECURITIES – 0.1%
Consumer staples – 0.0%
Ocean Spray Cranberries, Inc., 6.250% (D)		2,216		192,792
Financials – 0.0%
GMAC Capital Trust I (3 month LIBOR + 5.785%), 7.943% (B)		8,934		234,160
Wells Fargo & Company, Series L, 7.500%		55		83,737
				317,897
Information technology – 0.1%
Broadcom, Inc., 8.000%		332		340,428
Utilities – 0.0%
Dominion Energy, Inc., 7.250%		550		58,163
The Southern Company, 6.750%		831		44,467
				102,630
TOTAL PREFERRED SECURITIES (Cost $929,782)			$	953,747
SECURITIES LENDING COLLATERAL – 1.1%
John Hancock Collateral Trust, 2.1169% (K)(L)		766,549		7,670,624
TOTAL SECURITIES LENDING COLLATERAL (Cost $7,670,863)			$	7,670,624
SHORT-TERM INVESTMENTS – 8.2%
U.S. Government Agency – 0.6%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	684,000		684,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		3,791,000		3,791,000
				4,475,000
Money market funds – 7.5%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (K)		53,762,447		53,762,447

Active Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.1%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $480,011 on 10-1-19, collateralized by $480,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $491,102, including interest)	$	480,000	$	480,000
TOTAL SHORT-TERM INVESTMENTS (Cost $58,717,447)			$	58,717,447
Total Investments (Active Bond Trust) (Cost $769,115,500) – 111.2%			$	796,601,571
Other assets and liabilities, net – (11.2%)				(80,350,336)
TOTAL NET ASSETS – 100.0%			$	716,251,235

Currency Abbreviations
ARS	Argentine Peso
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)	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. Rule 144A securities amounted to $120,476,818 or 16.8% of the fund's net assets as of 9-30-19.
(E)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $7,496,177.
(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 9-30-19.
(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.

 

23

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

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	59,349,269	$	1,360,878,734
TOTAL INVESTMENT COMPANIES (Cost $1,057,239,692)		$	1,360,878,734
Total Investments (American Asset Allocation Trust) (Cost $1,057,239,692) - 100.0%		$	1,360,878,734
Other assets and liabilities, net - (0.0%)			(107,071)
TOTAL NET ASSETS - 100.0%		$	1,360,771,663

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	7,020,706	$	205,145,023
TOTAL INVESTMENT COMPANIES (Cost $189,106,702)		$	205,145,023
Total Investments (American Global Growth Trust) (Cost $189,106,702) - 100.0%		$	205,145,023
Other assets and liabilities, net - (0.0%)			(26,296)
TOTAL NET ASSETS - 100.0%		$	205,118,727

American Growth Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth Fund - Class 1	11,210,925	$	808,980,372
TOTAL INVESTMENT COMPANIES (Cost $781,452,668)		$	808,980,372
Total Investments (American Growth Trust) (Cost $781,452,668) - 100.0%		$	808,980,372
Other assets and liabilities, net - (0.0%)			(65,110)
TOTAL NET ASSETS - 100.0%		$	808,915,262

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	20,351,890	$	961,219,766
TOTAL INVESTMENT COMPANIES (Cost $913,879,416)		$	961,219,766
Total Investments (American Growth-Income Trust) (Cost $913,879,416) - 100.0%		$	961,219,766
Other assets and liabilities, net - (0.0%)			(78,778)
TOTAL NET ASSETS - 100.0%		$	961,140,988

American International Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American International Fund - Class 1	23,780,642	$	459,917,608
TOTAL INVESTMENT COMPANIES (Cost $449,437,193)		$	459,917,608
Total Investments (American International Trust) (Cost $449,437,193) - 100.0%		$	459,917,608
Other assets and liabilities, net - (0.0%)			(40,416)
TOTAL NET ASSETS - 100.0%		$	459,877,192

Blue Chip Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.7%
Communication services – 15.7%
Entertainment – 1.8%
Electronic Arts, Inc. (A)	129,800	$	12,697,036
Netflix, Inc. (A)	88,190		23,601,408
			36,298,444
Interactive media and services – 13.9%
Alphabet, Inc., Class A (A)	20,941		25,571,893
Alphabet, Inc., Class C (A)	73,919		90,107,261
Facebook, Inc., Class A (A)	639,993		113,969,953
InterActiveCorp (A)	45,549		9,928,316
Match Group, Inc. (B)	21,800		1,557,392
Tencent Holdings, Ltd.	1,039,400		43,475,908
			284,610,723
			320,909,167
Consumer discretionary – 21.5%
Auto components – 0.8%
Aptiv PLC	183,181		16,013,683
Automobiles – 0.1%
Ferrari NV	17,032		2,624,461
Hotels, restaurants and leisure – 2.6%
Hilton Worldwide Holdings, Inc.	108,772		10,127,761
Marriott International, Inc., Class A	66,703		8,295,852
McDonald's Corp.	69,251		14,868,882
Norwegian Cruise Line Holdings, Ltd. (A)	5,798		300,162
Restaurant Brands International, Inc.	84,401		6,004,287
Royal Caribbean Cruises, Ltd.	46,727		5,061,936
Wynn Resorts, Ltd.	3,146		342,033
Yum! Brands, Inc.	76,705		8,700,648
			53,701,561
Internet and direct marketing retail – 14.8%
Alibaba Group Holding, Ltd., ADR (A)	444,645		74,357,983
Amazon.com, Inc. (A)	107,235		186,150,308
Booking Holdings, Inc. (A)	19,847		38,951,921
Ctrip.com International, Ltd., ADR (A)	89,415		2,618,965
			302,079,177
Multiline retail – 1.7%
Dollar General Corp.	165,751		26,344,464
Dollar Tree, Inc. (A)	71,000		8,105,360
			34,449,824
Specialty retail – 1.0%
Ross Stores, Inc.	172,600		18,960,110
The TJX Companies, Inc.	15,800		880,692
			19,840,802
Textiles, apparel and luxury goods – 0.5%
NIKE, Inc., Class B	57,900		5,437,968
VF Corp.	58,500		5,205,915
			10,643,883
			439,353,391
Consumer staples – 0.1%
Beverages – 0.1%
Constellation Brands, Inc., Class A	4,306		892,548
Tobacco – 0.0%
Philip Morris International, Inc.	808		61,351
			953,899
Energy – 0.4%
Oil, gas and consumable fuels – 0.4%
Concho Resources, Inc.	44,100		2,994,390
Pioneer Natural Resources Company	46,100		5,797,997
			8,792,387

 

24

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financials – 5.4%
Banks – 0.1%
Citigroup, Inc.	8,523	$	588,769
JPMorgan Chase & Co.	3,700		435,453
			1,024,222
Capital markets – 3.3%
Ameriprise Financial, Inc.	6,376		937,910
Intercontinental Exchange, Inc.	217,588		20,076,845
Moody's Corp.	3,239		663,444
Morgan Stanley	146,624		6,256,446
S&P Global, Inc.	44,148		10,815,377
TD Ameritrade Holding Corp.	383,260		17,898,242
The Charles Schwab Corp.	233,873		9,782,908
The Goldman Sachs Group, Inc.	10,024		2,077,274
			68,508,446
Insurance – 2.0%
American International Group, Inc.	218,976		12,196,963
Chubb, Ltd.	19,767		3,191,184
Marsh & McLennan Companies, Inc.	58,900		5,892,945
The Progressive Corp.	11,618		897,491
Willis Towers Watson PLC	100,543		19,401,783
			41,580,366
			111,113,034
Health care – 14.8%
Biotechnology – 1.9%
Alexion Pharmaceuticals, Inc. (A)	76,299		7,472,724
Amgen, Inc.	700		135,457
Exact Sciences Corp. (A)	8,900		804,293
Vertex Pharmaceuticals, Inc. (A)	175,240		29,689,161
			38,101,635
Health care equipment and supplies – 7.1%
Abbott Laboratories	63,060		5,276,230
Becton, Dickinson and Company	145,234		36,738,393
Boston Scientific Corp. (A)	13,800		561,522
Danaher Corp.	180,795		26,112,222
Intuitive Surgical, Inc. (A)	55,365		29,893,224
Stryker Corp.	208,691		45,139,863
Teleflex, Inc.	5,284		1,795,239
			145,516,693
Health care providers and services – 4.5%
Anthem, Inc.	77,606		18,633,201
Centene Corp. (A)	87,346		3,778,588
Cigna Corp.	177,322		26,915,706
HCA Healthcare, Inc.	29,182		3,514,096
UnitedHealth Group, Inc.	136,908		29,752,847
WellCare Health Plans, Inc. (A)	34,624		8,973,502
			91,567,940
Health care technology – 0.0%
Veeva Systems, Inc., Class A (A)	6,800		1,038,292
Life sciences tools and services – 1.2%
Agilent Technologies, Inc.	18,839		1,443,633
Thermo Fisher Scientific, Inc.	82,988		24,171,915
			25,615,548
Pharmaceuticals – 0.1%
Elanco Animal Health, Inc. (A)	9,666		257,019
Eli Lilly & Company	1,318		147,392
Merck & Company, Inc.	1,539		129,553
Zoetis, Inc.	10,489		1,306,825
			1,840,789
			303,680,897
Industrials – 9.4%

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense – 6.0%
L3Harris Technologies, Inc.	78,062	$	16,286,856
Northrop Grumman Corp.	66,152		24,793,108
The Boeing Company	214,145		81,475,748
			122,555,712
Airlines – 0.7%
Delta Air Lines, Inc.	73,932		4,258,483
United Airlines Holdings, Inc. (A)	128,020		11,318,248
			15,576,731
Commercial services and supplies – 0.2%
Cintas Corp.	13,010		3,487,981
Industrial conglomerates – 1.3%
Honeywell International, Inc.	58,848		9,957,082
Roper Technologies, Inc.	48,915		17,443,089
			27,400,171
Machinery – 0.3%
Fortive Corp.	86,398		5,923,447
Xylem, Inc.	1,800		143,316
			6,066,763
Professional services – 0.3%
CoStar Group, Inc. (A)	3,406		2,020,439
Equifax, Inc.	5,800		815,886
IHS Markit, Ltd. (A)	45,647		3,052,871
			5,889,196
Road and rail – 0.6%
Canadian Pacific Railway, Ltd.	28,922		6,433,988
Kansas City Southern	16,514		2,196,527
Norfolk Southern Corp.	2,028		364,350
Union Pacific Corp.	19,618		3,177,724
			12,172,589
			193,149,143
Information technology – 31.2%
Communications equipment – 0.1%
Motorola Solutions, Inc.	16,069		2,738,318
IT services – 14.1%
Automatic Data Processing, Inc.	18,300		2,953,986
Fidelity National Information Services, Inc.	283,583		37,648,479
Fiserv, Inc. (A)	297,599		30,828,280
FleetCor Technologies, Inc. (A)	32,036		9,187,284
Global Payments, Inc.	219,240		34,859,160
Mastercard, Inc., Class A	242,494		65,854,096
PayPal Holdings, Inc. (A)	324,034		33,566,682
Visa, Inc., Class A	431,832		74,279,422
			289,177,389
Semiconductors and semiconductor equipment – 2.4%
Analog Devices, Inc.	40,632		4,539,813
Applied Materials, Inc.	103,328		5,156,067
Broadcom, Inc.	1,553		428,737
KLA Corp.	29,600		4,719,720
Lam Research Corp.	5,128		1,185,132
Marvell Technology Group, Ltd.	309,700		7,733,209
Maxim Integrated Products, Inc.	112,644		6,523,214
Microchip Technology, Inc.	19,566		1,817,877
NVIDIA Corp.	52,825		9,195,248
QUALCOMM, Inc.	3,763		287,042
Texas Instruments, Inc.	62,626		8,093,784
Xilinx, Inc.	6,232		597,649
			50,277,492
Software – 14.4%
Atlassian Corp. PLC, Class A (A)	18,072		2,266,952
DocuSign, Inc. (A)	34,655		2,145,838

 

25

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Intuit, Inc.	157,382	$	41,854,169
Microsoft Corp.	916,388		127,405,424
salesforce.com, Inc. (A)	257,096		38,163,330
ServiceNow, Inc. (A)	146,513		37,192,325
Splunk, Inc. (A)(B)	118,894		14,012,847
Synopsys, Inc. (A)	7,600		1,043,100
VMware, Inc., Class A	56,941		8,544,566
Workday, Inc., Class A (A)	123,880		21,054,645
Zoom Video Communications, Inc., Class A (A)(B)	5,499		419,024
			294,102,220
Technology hardware, storage and peripherals – 0.2%
Apple, Inc.	14,613		3,272,874
			639,568,293
Materials – 0.8%
Chemicals – 0.7%
Air Products & Chemicals, Inc.	13,844		3,071,430
Linde PLC	29,943		5,800,558
The Sherwin-Williams Company	10,142		5,576,782
			14,448,770
Containers and packaging – 0.1%
Ball Corp.	18,204		1,325,433
			15,774,203
Real estate – 0.0%
Equity real estate investment trusts – 0.0%
American Tower Corp.	1,610		356,019
Utilities – 0.4%
Electric utilities – 0.0%
NextEra Energy, Inc.	1,067		248,600
Multi-utilities – 0.4%
Sempra Energy	52,383		7,732,255
			7,980,855
TOTAL COMMON STOCKS (Cost $1,358,708,394)		$	2,041,631,288
SECURITIES LENDING COLLATERAL – 0.1%
John Hancock Collateral Trust, 2.1169% (C)(D)	274,340		2,745,243
TOTAL SECURITIES LENDING COLLATERAL (Cost $2,745,281)		$	2,745,243
SHORT-TERM INVESTMENTS – 0.2%
Money market funds – 0.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	500,000		500,000
T. Rowe Price Government Reserve Fund, 2.0381% (C)	4,087,904		4,087,904
			4,587,904
TOTAL SHORT-TERM INVESTMENTS (Cost $4,587,904)		$	4,587,904
Total Investments (Blue Chip Growth Trust) (Cost $1,366,041,579) – 100.0%		$	2,048,964,435
Other assets and liabilities, net – (0.0%)			(419,640)
TOTAL NET ASSETS – 100.0%		$	2,048,544,795

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $2,678,325.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.

Blue Chip Growth Trust (continued)

(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 Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.9%
Communication services – 14.9%
Entertainment – 4.2%
Netflix, Inc. (A)	50,075	$	13,401,072
The Walt Disney Company	56,730		7,393,054
			20,794,126
Interactive media and services – 10.7%
Alphabet, Inc., Class A (A)	11,244		13,730,498
Alphabet, Inc., Class C (A)	11,251		13,714,969
Facebook, Inc., Class A (A)	95,789		17,058,105
Tencent Holdings, Ltd.	194,872		8,151,084
			52,654,656
			73,448,782
Consumer discretionary – 20.9%
Automobiles – 1.4%
Tesla, Inc. (A)(B)	29,272		7,050,747
Hotels, restaurants and leisure – 2.2%
Chipotle Mexican Grill, Inc. (A)	7,637		6,418,669
Marriott International, Inc., Class A	36,134		4,493,986
			10,912,655
Internet and direct marketing retail – 8.7%
Alibaba Group Holding, Ltd., ADR (A)	84,346		14,105,182
Amazon.com, Inc. (A)	16,517		28,672,025
			42,777,207
Leisure products – 0.2%
Peloton Interactive, Inc., Class A (A)	39,860		1,000,486
Specialty retail – 1.6%
The Home Depot, Inc.	33,278		7,721,162
Textiles, apparel and luxury goods – 6.8%
adidas AG	15,766		4,907,476
Kering SA	14,679		7,480,196
Lululemon Athletica, Inc. (A)	48,730		9,381,987
NIKE, Inc., Class B	127,874		12,009,926
			33,779,585
			103,241,842
Consumer staples – 4.7%
Beverages – 0.5%
Constellation Brands, Inc., Class A	12,341		2,558,042
Food and staples retailing – 2.2%
Costco Wholesale Corp.	37,543		10,816,514
Personal products – 2.0%
The Estee Lauder Companies, Inc., Class A	49,261		9,800,476
			23,175,032
Financials – 2.2%
Banks – 0.9%
JPMorgan Chase & Co.	36,249		4,266,145
Capital markets – 1.3%
S&P Global, Inc.	26,227		6,425,090
			10,691,235
Health care – 10.5%
Biotechnology – 2.5%
BioMarin Pharmaceutical, Inc. (A)	42,430		2,859,782
Exact Sciences Corp. (A)	21,619		1,953,709
Sage Therapeutics, Inc. (A)(B)	13,958		1,958,168

 

26

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Vertex Pharmaceuticals, Inc. (A)	33,986	$	5,757,908
			12,529,567
Health care equipment and supplies – 4.3%
Danaher Corp.	35,576		5,138,242
DexCom, Inc. (A)	19,013		2,837,500
Edwards Lifesciences Corp. (A)	26,970		5,930,973
Intuitive Surgical, Inc. (A)	13,209		7,131,935
			21,038,650
Health care providers and services – 0.1%
Guardant Health, Inc. (A)(B)	11,143		711,258
Life sciences tools and services – 1.8%
Illumina, Inc. (A)	28,348		8,624,029
Pharmaceuticals – 1.8%
AstraZeneca PLC, ADR (B)	199,656		8,898,668
			51,802,172
Industrials – 6.7%
Aerospace and defense – 5.3%
Airbus SE	35,449		4,602,292
Safran SA	45,250		7,124,624
The Boeing Company	37,190		14,149,679
			25,876,595
Road and rail – 1.4%
Uber Technologies, Inc. (A)(B)	48,775		1,486,174
Union Pacific Corp.	34,354		5,564,661
			7,050,835
			32,927,430
Information technology – 38.4%
IT services – 13.7%
Adyen NV (A)(C)	9,055		5,954,788
FleetCor Technologies, Inc. (A)	28,949		8,301,994
Mastercard, Inc., Class A	77,835		21,137,651
PayPal Holdings, Inc. (A)	57,747		5,982,012
Shopify, Inc., Class A (A)	9,403		2,930,539
Square, Inc., Class A (A)	54,699		3,388,603
Twilio, Inc., Class A (A)	26,784		2,945,169
Visa, Inc., Class A	100,049		17,209,428
			67,850,184
Semiconductors and semiconductor equipment – 5.5%
Broadcom, Inc.	21,484		5,931,088
NVIDIA Corp.	58,620		10,203,983
QUALCOMM, Inc.	95,946		7,318,761
Universal Display Corp.	7,324		1,229,700
Xilinx, Inc.	24,723		2,370,936
			27,054,468
Software – 15.4%
Adobe, Inc. (A)	49,616		13,706,420
Microsoft Corp.	175,397		24,385,445
salesforce.com, Inc. (A)	130,844		19,422,483
ServiceNow, Inc. (A)	23,355		5,928,667
Splunk, Inc. (A)	52,430		6,179,400
Workday, Inc., Class A (A)	36,764		6,248,409
			75,870,824
Technology hardware, storage and peripherals – 3.8%
Apple, Inc.	84,102		18,836,325
			189,611,801
Real estate – 1.6%
Equity real estate investment trusts – 1.6%
American Tower Corp.	22,700		5,019,651

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Crown Castle International Corp.	22,486	$	3,125,779
			8,145,430
TOTAL COMMON STOCKS (Cost $403,168,099)		$	493,043,724
SECURITIES LENDING COLLATERAL – 2.8%
John Hancock Collateral Trust, 2.1169% (D)(E)	1,379,638		13,805,626
TOTAL SECURITIES LENDING COLLATERAL (Cost $13,806,292)		$	13,805,626
SHORT-TERM INVESTMENTS – 0.1%
Money market funds – 0.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (D)	567,011		567,011
TOTAL SHORT-TERM INVESTMENTS (Cost $567,011)		$	567,011
Total Investments (Capital Appreciation Trust) (Cost $417,541,402) – 102.8%		$	507,416,361
Other assets and liabilities, net – (2.8%)			(13,862,899)
TOTAL NET ASSETS – 100.0%		$	493,553,462

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $13,466,296.
(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 9-30-19.
(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.

Capital Appreciation Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 60.2%
Communication services – 3.6%
Interactive media and services – 3.6%
Alphabet, Inc., Class A (A)(B)	635	$	775,424
Alphabet, Inc., Class C (B)	7,550		9,203,450
Facebook, Inc., Class A (B)	24,800		4,416,384
			14,395,258
Consumer discretionary – 5.1%
Auto components – 1.0%
Aptiv PLC	43,478		3,800,847
Hotels, restaurants and leisure – 2.2%
Hilton Worldwide Holdings, Inc.	49,024		4,564,625
McDonald's Corp.	7,300		1,567,383
Yum! Brands, Inc.	24,423		2,770,301
			8,902,309
Internet and direct marketing retail – 1.9%
Amazon.com, Inc. (B)	4,419		7,670,986
			20,374,142
Consumer staples – 0.8%
Beverages – 0.8%
Keurig Dr. Pepper, Inc. (C)	109,084		2,980,175
Energy – 0.2%

 

27

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels – 0.2%
Concho Resources, Inc.	13,100	$	889,490
Financials – 5.9%
Banks – 0.3%
The PNC Financial Services Group, Inc.	7,100		995,136
Capital markets – 2.7%
Intercontinental Exchange, Inc.	49,506		4,567,919
S&P Global, Inc.	25,849		6,332,488
			10,900,407
Insurance – 2.9%
Marsh & McLennan Companies, Inc.	113,464		11,352,073
			23,247,616
Health care – 12.6%
Health care equipment and supplies – 6.8%
Alcon, Inc. (B)	96,724		5,641,898
Becton, Dickinson and Company	37,028		9,366,603
Danaher Corp.	82,266		11,881,678
			26,890,179
Health care providers and services – 0.6%
Anthem, Inc.	2,122		509,492
UnitedHealth Group, Inc.	7,900		1,716,828
			2,226,320
Life sciences tools and services – 5.2%
Avantor, Inc. (B)	68,776		1,011,007
PerkinElmer, Inc.	131,417		11,192,786
Thermo Fisher Scientific, Inc.	29,655		8,637,612
			20,841,405
			49,957,904
Industrials – 8.0%
Commercial services and supplies – 1.0%
Waste Connections, Inc.	41,453		3,813,676
Industrial conglomerates – 5.1%
General Electric Company	1,291,139		11,542,783
Roper Technologies, Inc.	23,907		8,525,236
			20,068,019
Machinery – 1.9%
Fortive Corp.	111,703		7,658,358
			31,540,053
Information technology – 16.2%
Electronic equipment, instruments and components – 1.5%
TE Connectivity, Ltd.	66,108		6,159,943
IT services – 6.6%
Fiserv, Inc. (B)	114,680		11,879,701
Global Payments, Inc.	20,705		3,292,095
Visa, Inc., Class A	64,573		11,107,202
			26,278,998
Semiconductors and semiconductor equipment – 4.1%
Maxim Integrated Products, Inc.	88,424		5,120,634
NXP Semiconductors NV	38,804		4,234,284
Texas Instruments, Inc.	53,462		6,909,429
			16,264,347
Software – 4.0%
Microsoft Corp.	112,800		15,682,584
			64,385,872
Real estate – 0.6%
Equity real estate investment trusts – 0.6%
American Tower Corp.	10,700		2,366,091
Utilities – 7.2%

Capital Appreciation Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities – 5.6%
American Electric Power Company, Inc.	62,229	$	5,830,235
Eversource Energy	62,414		5,334,525
NextEra Energy, Inc.	23,956		5,581,508
Xcel Energy, Inc.	87,662		5,688,387
			22,434,655
Multi-utilities – 0.9%
NiSource, Inc.	114,233		3,417,851
Water utilities – 0.7%
American Water Works Company, Inc.	22,812		2,833,935
			28,686,441
TOTAL COMMON STOCKS (Cost $194,630,806)		$	238,823,042
PREFERRED SECURITIES – 5.7%
Financials – 1.9%
Banks – 1.8%
JPMorgan Chase & Co., 5.750%	25,000		686,250
U.S. Bancorp, 5.500%	19,000		511,670
U.S. Bancorp (6.500% to 1-15-22, then 3 month LIBOR + 4.468%) (C)	14,000		382,900
Wells Fargo & Company, Series L, 7.500%	3,702		5,636,258
			7,217,078
Capital markets – 0.1%
State Street Corp., 6.000%	2,346		59,330
The Charles Schwab Corp., 5.950%	1,000		26,920
The Charles Schwab Corp., 6.000%	15,000		395,700
			481,950
			7,699,028
Health care – 1.5%
Health care equipment and supplies – 0.8%
Becton, Dickinson and Company, 6.125%	50,574		3,131,036
Life sciences tools and services – 0.7%
Avantor, Inc., 6.250%	53,534		2,874,240
			6,005,276
Industrials – 0.3%
Machinery – 0.3%
Fortive Corp., 5.000%	1,082		975,423
Utilities – 2.0%
Electric utilities – 0.9%
Alabama Power Company, 5.000%	10,000		265,100
American Electric Power Company, Inc., 6.125%	10,402		572,942
Duke Energy Corp., 5.625%	40,000		1,098,400
SCE Trust III (5.750% to 3-15-24, then 3 month LIBOR + 2.990%)	11,881		293,104
SCE Trust IV (5.375% to 9-15-25, then 3 month LIBOR + 3.132%)	29,316		699,187
SCE Trust V (5.450% to 3-15-26, then 3 month LIBOR + 3.790%)	6,668		163,166
SCE Trust VI, 5.000%	9,343		221,149
			3,313,048
Multi-utilities – 1.1%
CMS Energy Corp., 5.875%	50,000		1,413,500
CMS Energy Corp., 5.875%	50,000		1,412,500
DTE Energy Company, 5.250%	35,000		974,050
NiSource, Inc. (6.500% to 3-15-24, then 5 Year CMT + 3.632%)	23,510		652,638
			4,452,688
			7,765,736
TOTAL PREFERRED SECURITIES (Cost $20,163,971)		$	22,445,463

 

28

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS - 17.0%
Communication services - 5.3%
CCO Holdings LLC
4.000%, 03/01/2023 (D)	$	266,000	$	270,323
5.000%, 02/01/2028 (D)		2,095,000		2,165,706
5.125%, 02/15/2023		253,000		257,111
5.125%, 05/01/2023 to 05/01/2027 (D)		1,741,000		1,809,565
5.250%, 03/15/2021 to 09/30/2022		820,000		826,794
5.750%, 09/01/2023 to 01/15/2024		677,000		691,228
5.875%, 04/01/2024 (D)		550,000		573,903
Charter Communications Operating LLC 3.579%, 07/23/2020		150,000		151,342
Comcast Corp.
3.300%, 10/01/2020		690,000		699,387
3.450%, 10/01/2021		310,000		319,237
Comcast Corp. (3 month LIBOR + 0.330%) 2.649%, 10/01/2020 (E)		335,000		335,568
Comcast Corp. (3 month LIBOR + 0.440%) 2.759%, 10/01/2021 (E)		265,000		265,820
Level 3 Financing, Inc. 5.375%, 08/15/2022		400,000		402,250
Netflix, Inc.
4.375%, 11/15/2026		1,260,000		1,276,443
4.875%, 04/15/2028		2,995,000		3,047,263
5.375%, 02/01/2021		25,000		25,775
5.500%, 02/15/2022 (C)		80,000		84,500
5.875%, 02/15/2025 (C)		405,000		444,747
5.875%, 11/15/2028		2,970,000		3,226,311
6.375%, 05/15/2029 (D)		1,405,000		1,549,013
Sirius XM Radio, Inc.
3.875%, 08/01/2022 (D)		345,000		350,606
4.625%, 05/15/2023 (D)		85,000		86,624
T-Mobile USA, Inc.
6.000%, 03/01/2023		165,000		168,084
6.500%, 01/15/2026		80,000		86,015
Verizon Communications, Inc. 3.125%, 03/16/2022		475,000		488,707
Verizon Communications, Inc. (3 month LIBOR + 1.000%) 3.119%, 03/16/2022 (E)		475,000		482,151
Zayo Group LLC 5.750%, 01/15/2027 (D)		936,000		956,873
				21,041,346
Consumer discretionary - 2.5%
Amazon.com, Inc. 2.600%, 12/05/2019		465,000		465,210
Aptiv PLC 4.350%, 03/15/2029		40,000		43,254
AutoZone, Inc. 2.500%, 04/15/2021		155,000		155,611
Cedar Fair LP 5.375%, 06/01/2024 to 04/15/2027		1,155,000		1,212,680
Dollar Tree, Inc. (3 month LIBOR + 0.700%) 3.003%, 04/17/2020 (E)		135,000		135,024
Hilton Domestic Operating Company, Inc. 4.250%, 09/01/2024		205,000		208,844
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC
4.750%, 06/01/2027 (D)		1,642,000		1,709,733
5.000%, 06/01/2024 (D)		432,000		448,200
5.250%, 06/01/2026 (D)		1,135,000		1,201,398

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Marriott International, Inc. (3 month LIBOR + 0.650%) 2.752%, 03/08/2021 (E)	$	135,000	$	135,493
New Red Finance, Inc. 4.625%, 01/15/2022 (D)		330,000		330,033
Service Corp. International 5.375%, 05/15/2024		250,000		258,010
Six Flags Entertainment Corp.
4.875%, 07/31/2024 (D)		170,000		175,950
5.500%, 04/15/2027 (D)		65,000		69,305
The Home Depot, Inc. 3.250%, 03/01/2022		200,000		206,931
The Home Depot, Inc. (3 month LIBOR + 0.310%) 2.448%, 03/01/2022 (E)		235,000		235,303
Yum! Brands, Inc.
3.750%, 11/01/2021		950,000		971,375
3.875%, 11/01/2020 to 11/01/2023		1,067,000		1,090,846
5.350%, 11/01/2043		389,000		373,440
6.875%, 11/15/2037		367,000		411,040
				9,837,680
Consumer staples - 1.4%
B&G Foods, Inc. 4.625%, 06/01/2021		300,000		300,060
Conagra Brands, Inc. 3.800%, 10/22/2021		960,000		990,693
Conagra Brands, Inc. (3 month LIBOR + 0.750%) 3.028%, 10/22/2020 (E)		170,000		170,035
Nestle Holdings, Inc. 3.100%, 09/24/2021 (D)		1,420,000		1,449,769
Philip Morris International, Inc.
2.000%, 02/21/2020		380,000		379,817
2.625%, 02/18/2022		470,000		475,669
Philip Morris International, Inc. (3 month LIBOR + 0.420%) 2.571%, 02/21/2020 (E)		255,000		255,333
Reckitt Benckiser Treasury Services PLC 2.375%, 06/24/2022 (D)		800,000		804,960
Reckitt Benckiser Treasury Services PLC (3 month LIBOR + 0.560%) 2.695%, 06/24/2022 (D)(E)		640,000		637,783
Unilever Capital Corp. 3.000%, 03/07/2022		225,000		230,679
				5,694,798
Energy - 0.3%
Enterprise Products Operating LLC 3.500%, 02/01/2022		335,000		345,922
NuStar Logistics LP 4.800%, 09/01/2020		175,000		177,844
Shell International Finance BV (3 month LIBOR + 0.450%) 2.631%, 05/11/2020 (E)		810,000		812,283
				1,336,049
Financials - 1.0%
Marsh & McLennan Companies, Inc.
2.350%, 03/06/2020		140,000		140,061
2.750%, 01/30/2022		190,000		192,872
3.300%, 03/14/2023		65,000		67,286
Refinitiv US Holdings, Inc.
6.250%, 05/15/2026 (D)		550,000		589,870
8.250%, 11/15/2026 (D)		735,000		811,256

 

29

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
State Street Corp. (5.250% to 9-15-20, then 3 month LIBOR + 3.597%) 09/15/2020 (F)	$	435,000	$	442,613
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		383,235
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		452,250
The PNC Financial Services Group, Inc. (5.000% to 11-1-26, then 3 month LIBOR + 3.300%) 11/01/2026 (F)		525,000		544,688
U.S. Bancorp (5.300% to 4-15-27, then 3 month LIBOR + 2.914%) 04/15/2027 (F)		350,000		375,095
				3,999,226
Health care - 1.9%
Avantor, Inc.
6.000%, 10/01/2024 (D)		85,000		91,080
9.000%, 10/01/2025 (D)		1,860,000		2,090,175
Becton, Dickinson and Company
2.675%, 12/15/2019		111,000		111,032
2.894%, 06/06/2022		796,000		808,151
3.363%, 06/06/2024		420,000		438,111
Becton, Dickinson and Company (3 month LIBOR + 1.030%) 3.142%, 06/06/2022 (E)		400,000		401,650
Bristol-Myers Squibb Company 2.550%, 05/14/2021 (D)		975,000		983,533
Bristol-Myers Squibb Company (3 month LIBOR + 0.200%) 2.368%, 11/16/2020 (D)(E)		635,000		635,348
Centene Corp. 5.625%, 02/15/2021		130,000		131,847
Elanco Animal Health, Inc.
3.912%, 08/27/2021		416,000		426,029
4.272%, 08/28/2023		55,000		57,743
4.900%, 08/28/2028 (C)		215,000		234,575
Fresenius Medical Care US Finance, Inc. 5.750%, 02/15/2021 (D)		75,000		78,102
HCA Healthcare, Inc. 6.250%, 02/15/2021		175,000		183,243
Hologic, Inc. 4.375%, 10/15/2025 (D)		287,000		294,175
Teleflex, Inc.
4.625%, 11/15/2027		360,000		375,750
4.875%, 06/01/2026		331,000		345,068
				7,685,612
Industrials - 1.3%
Caterpillar Financial Services Corp. 2.250%, 12/01/2019		225,000		225,037
Continental Airlines 2009-2 Class A Pass Through Trust 7.250%, 05/10/2021		99,359		99,538
Continental Airlines 2012-1 Class A Pass Through Trust 4.150%, 10/11/2025		176,172		184,892
Delta Air Lines 2009-1 Class A Pass Through Trust 7.750%, 06/17/2021		47,182		47,569

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
General Electric Company (5.000% to 1-21-21, then 3 month LIBOR + 3.330%) 01/21/2021 (F)	$	1,428,000	$	1,354,815
Lennox International, Inc. 3.000%, 11/15/2023		90,000		90,588
Moog, Inc. 5.250%, 12/01/2022 (D)		16,000		16,260
Northrop Grumman Corp. 2.550%, 10/15/2022		430,000		435,986
Roper Technologies, Inc.
3.650%, 09/15/2023		420,000		440,936
4.200%, 09/15/2028		100,000		109,981
Sensata Technologies BV
4.875%, 10/15/2023 (D)		110,000		115,913
5.000%, 10/01/2025 (D)		325,000		347,344
5.625%, 11/01/2024 (D)		90,000		97,875
Sensata Technologies UK Financing Company PLC 6.250%, 02/15/2026 (D)		200,000		213,000
Trinity Acquisition PLC 4.400%, 03/15/2026		185,000		200,842
US Airways 2010-1 Class A Pass Through Trust 6.250%, 10/22/2024		123,299		134,347
US Airways 2012-2 Class A Pass Through Trust 4.625%, 12/03/2026		15,551		16,771
US Airways 2012-2 Class B Pass Through Trust 6.750%, 12/03/2022		52,376		55,985
US Airways 2013-1 Class A Pass Through Trust 3.950%, 05/15/2027		171,824		180,096
US Airways 2013-1 Class B Pass Through Trust 5.375%, 05/15/2023		55,911		58,159
Welbilt, Inc. 9.500%, 02/15/2024		342,000		365,940
Xylem, Inc.
3.250%, 11/01/2026 (C)		75,000		77,340
4.875%, 10/01/2021		60,000		63,051
				4,932,265
Information technology - 0.9%
Amphenol Corp. 2.200%, 04/01/2020		285,000		285,093
Fiserv, Inc.
2.700%, 06/01/2020		580,000		581,545
3.800%, 10/01/2023 (C)		240,000		254,004
Solera LLC 10.500%, 03/01/2024 (D)		2,115,000		2,235,809
				3,356,451
Materials - 0.7%
Reynolds Group Issuer, Inc.
5.125%, 07/15/2023 (D)		440,000		450,450
5.750%, 10/15/2020		1,322,832		1,325,610
6.875%, 02/15/2021		301,487		302,241
Reynolds Group Issuer, Inc. (3 month LIBOR + 3.500%) 5.803%, 07/15/2021 (D)(E)		195,000		195,244
Sealed Air Corp. 6.500%, 12/01/2020 (D)		340,000		350,625
				2,624,170

 

30

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate - 0.9%
American Tower Corp. 3.300%, 02/15/2021	$	320,000	$	324,545
Crown Castle International Corp.
4.875%, 04/15/2022		400,000		425,240
5.250%, 01/15/2023		950,000		1,036,542
Equinix, Inc. 5.375%, 01/01/2022 to 04/01/2023		227,000		232,080
SBA Communications Corp.
4.000%, 10/01/2022		550,000		561,000
4.875%, 07/15/2022		1,010,000		1,023,484
				3,602,891
Utilities - 0.8%
American Electric Power Company, Inc. 3.650%, 12/01/2021		75,000		77,368
Berkshire Hathaway Energy Company 2.400%, 02/01/2020		260,000		260,192
DTE Energy Company 3.700%, 08/01/2023		200,000		209,731
Edison International 2.125%, 04/15/2020		175,000		174,658
Eversource Energy
2.750%, 03/15/2022		275,000		278,548
3.800%, 12/01/2023		125,000		132,188
NextEra Energy Capital Holdings, Inc. 2.900%, 04/01/2022		225,000		229,199
NiSource, Inc.
3.490%, 05/15/2027		585,000		613,749
4.375%, 05/15/2047		430,000		483,152
NiSource, Inc. (5.650% to 6-15-23, then 5 Year CMT + 2.843%) 06/15/2023 (F)		575,000		577,875
Wisconsin Public Service Corp. 3.350%, 11/21/2021		200,000		205,583
				3,242,243
TOTAL CORPORATE BONDS (Cost $65,246,077)			$	67,352,731
TERM LOANS (G) – 3.5%
Communication services – 0.3%
Formula One Management, Ltd., 2018 USD Term Loan (1 month LIBOR + 2.500%) 4.544%, 02/01/2024		425,000		418,944
Zayo Group LLC, 2017 Incremental Term Loan (1 month LIBOR + 2.250%) 4.294%, 01/19/2024		425,000		425,693
Zayo Group LLC, 2017 Term Loan B1 (1 month LIBOR + 2.000%) 4.044%, 01/19/2021		232,614		232,954
				1,077,591
Consumer discretionary – 0.1%
Sunshine Luxembourg VII Sarl, Term Loan TBD 07/16/2026 (H)		480,000		482,002
Consumer staples – 0.0%
Prestige Brands, Inc., Term Loan B4 (1 month LIBOR + 2.000%) 4.044%, 01/26/2024		29,858		29,901
Financials – 1.4%
HUB International, Ltd., 2018 Term Loan B (3 month LIBOR + 3.000%) 5.267%, 04/25/2025		2,884,892		2,849,234

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (G)(continued)
Financials (continued)
Refinitiv US Holdings, Inc., 2018 USD Term Loan (1 month LIBOR + 3.750%) 5.794%, 10/01/2025	$	2,529,052	$	2,541,697
				5,390,931
Health care – 0.3%
NVA Holdings, Inc., 2019 Term Loan A3 TBD 09/19/2022 (H)		850,000		845,750
NVA Holdings, Inc., Term Loan B3 (1 month LIBOR + 2.750%) 4.794%, 02/02/2025		405,223		404,717
				1,250,467
Industrials – 0.3%
Trans Union LLC, 2018 Term Loan B4 (1 month LIBOR + 2.000%) 4.054%, 06/19/2025		567,813		569,232
Trans Union LLC, Term Loan A2 (1 month LIBOR + 1.500%) 3.544%, 08/09/2022		795,179		790,209
				1,359,441
Information technology – 1.1%
CCC Information Services, Inc., 2017 1st Lien Term Loan (1 month LIBOR + 2.750%) 4.800%, 04/26/2024		792,534		788,428
Emerald TopCo, Inc., Term Loan (1 month LIBOR + 3.500%) 5.544%, 07/24/2026		425,000		423,585
Gartner, Inc., 2016 Term Loan A (1 month LIBOR + 1.500%) 3.544%, 03/20/2022		97,381		97,747
Kronos, Inc., 2017 Term Loan B (3 month LIBOR + 3.000%) 5.253%, 11/01/2023		2,732,678		2,737,023
The Ultimate Software Group, Inc., Term Loan B (1 month LIBOR + 3.750%) 5.794%, 05/04/2026		165,000		165,825
				4,212,608
Materials – 0.0%
HB Fuller Company, 2017 Term Loan B (1 month LIBOR + 2.000%) 4.044%, 10/20/2024		216,544		215,511
TOTAL TERM LOANS (Cost $14,031,590)			$	14,018,452
ASSET BACKED SECURITIES - 0.4%
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (D)		509,600		533,144
Domino's Pizza Master Issuer LLC Series 2018-1A, Class A2I 4.116%, 07/25/2048 (D)		483,875		502,320
Wendy's Funding LLC Series 2018-1A, Class A2I 3.573%, 03/15/2048 (D)		327,173		332,355
TOTAL ASSET BACKED SECURITIES (Cost $1,308,046)			$	1,367,819
SECURITIES LENDING COLLATERAL – 0.9%
John Hancock Collateral Trust, 2.1169% (I)(J)		377,882		3,781,350
TOTAL SECURITIES LENDING COLLATERAL (Cost $3,781,365)			$	3,781,350

 

31

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 14.0%
Money market funds – 13.2%
T. Rowe Price Government Reserve Fund, 2.0381% (I)		52,181,436	$	52,181,436
Repurchase agreement – 0.8%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $3,372,075 on 10-1-19, collateralized by $3,365,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $3,442,832, including interest)	$	3,372,000		3,372,000
TOTAL SHORT-TERM INVESTMENTS (Cost $55,553,436)			$	55,553,436
Total Investments (Capital Appreciation Value Trust) (Cost $354,715,291) – 101.7%			$	403,342,293
Other assets and liabilities, net – (1.7%)				(6,678,232)
TOTAL NET ASSETS – 100.0%			$	396,664,061

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate

Capital Appreciation Value Trust (continued)

(A)	All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B)	Non-income producing security.
(C)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $3,664,945.
(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 9-30-19.
(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)/ Exchange-traded	Name of issuer		Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls
GSI	Alphabet, Inc., Class A	USD	1,270.00	Jan 2020	2	200	$10,474	$(8,758)
GSI	Alphabet, Inc., Class A	USD	1,300.00	Jan 2020	2	200	8,472	(6,458)
GSI	Alphabet, Inc., Class A	USD	1,350.00	Jan 2020	2	200	5,796	(3,610)
CITI	Alphabet, Inc., Class C	USD	1,300.00	Jan 2020	20	2,000	97,382	(61,646)
CITI	Alphabet, Inc., Class C	USD	1,340.00	Jan 2020	5	500	40,113	(9,721)
CITI	Alphabet, Inc., Class C	USD	1,350.00	Jan 2020	7	700	26,579	(12,036)
CITI	Alphabet, Inc., Class C	USD	1,365.00	Jan 2020	17	1,700	49,611	(24,176)
CITI	Alphabet, Inc., Class C	USD	1,400.00	Jan 2020	5	500	31,273	(4,458)
CITI	Alphabet, Inc., Class C	USD	1,500.00	Jan 2020	4	400	17,036	(821)
CITI	Amazon.com, Inc.	USD	1,800.00	Jan 2020	4	400	74,944	(30,339)
CITI	Amazon.com, Inc.	USD	2,000.00	Jan 2020	1	100	11,608	(2,009)
CITI	Amazon.com, Inc.	USD	2,025.00	Jan 2020	1	100	10,908	(1,662)
CITI	Amazon.com, Inc.	USD	2,100.00	Jan 2020	1	100	8,958	(919)
CITI	Amazon.com, Inc.	USD	2,300.00	Jan 2020	6	600	63,568	(1,012)
CSFB	Amazon.com, Inc.	USD	2,500.00	Jan 2020	2	200	24,705	(56)
CSFB	Amazon.com, Inc.	USD	2,600.00	Jan 2020	2	200	20,545	(22)
CSFB	Amazon.com, Inc.	USD	2,700.00	Jan 2020	3	300	25,663	(12)
CITI	American Electric Power Company, Inc.	USD	82.50	Jan 2020	35	3,500	11,162	(41,238)
CITI	American Electric Power Company, Inc.	USD	85.00	Jan 2020	158	15,800	22,372	(150,711)
CITI	American Electric Power Company, Inc.	USD	95.00	Jan 2020	112	11,200	19,583	(29,700)
CSFB	American Tower Corp.	USD	170.00	Jan 2020	28	2,800	29,962	(148,041)
CITI	American Tower Corp.	USD	175.00	Jan 2020	20	2,000	14,804	(96,248)
CSFB	American Tower Corp.	USD	175.00	Jan 2020	59	5,900	46,011	(283,933)
CITI	Anthem, Inc.	USD	300.00	Jan 2020	14	1,400	25,438	(1,341)
CITI	Anthem, Inc.	USD	310.00	Jan 2020	7	700	9,919	(374)
CITI	Anthem, Inc.	USD	330.00	Jan 2020	7	700	12,033	(109)
CITI	Danaher Corp.	USD	150.00	Jan 2020	19	1,900	4,986	(8,986)
JPM	Facebook, Inc., Class A	USD	200.00	Jan 2020	55	5,500	53,904	(21,219)
JPM	Facebook, Inc., Class A	USD	220.00	Jan 2020	94	9,400	39,695	(9,384)
JPM	Facebook, Inc., Class A	USD	220.00	Jan 2020	4	400	3,615	(399)
CSFB	Fiserv, Inc.	USD	95.00	Dec 2019	47	4,700	11,557	(52,522)
CITI	McDonald's Corp.	USD	195.00	Jan 2020	26	2,600	26,124	(57,097)
CSFB	McDonald's Corp.	USD	195.00	Jan 2020	11	1,100	8,330	(24,157)
CITI	McDonald's Corp.	USD	200.00	Jan 2020	26	2,600	21,564	(46,423)

32

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exchange-traded	Name of issuer		Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
CSFB	McDonald's Corp.	USD	200.00	Jan 2020	10	1,000	$6,156	$(17,855)
CITI	Microsoft Corp.	USD	120.00	Jan 2020	52	5,200	32,259	(109,843)
CITI	Microsoft Corp.	USD	125.00	Jan 2020	40	4,000	29,340	(67,840)
CSFB	Microsoft Corp.	USD	125.00	Jan 2020	164	16,400	74,840	(278,144)
CITI	Microsoft Corp.	USD	130.00	Jan 2020	93	9,300	40,327	(122,079)
CSFB	Microsoft Corp.	USD	130.00	Jan 2020	26	2,600	8,601	(34,130)
RBC	Microsoft Corp.	USD	130.00	Jan 2020	87	8,700	24,886	(114,203)
CITI	Microsoft Corp.	USD	135.00	Jan 2020	95	9,500	55,753	(92,285)
CSFB	NextEra Energy, Inc.	USD	195.00	Jan 2020	17	1,700	5,933	(67,061)
CSFB	NextEra Energy, Inc.	USD	200.00	Jan 2020	118	11,800	51,428	(410,034)
CITI	S&P Global, Inc.	USD	220.00	Jan 2020	40	4,000	38,649	(123,775)
CITI	S&P Global, Inc.	USD	230.00	Jan 2020	39	3,900	22,590	(91,244)
JPM	Texas Instruments, Inc.	USD	120.00	Jan 2020	39	3,900	9,972	(50,638)
RBC	Texas Instruments, Inc.	USD	125.00	Jan 2020	180	18,000	59,307	(173,031)
GSI	Texas Instruments, Inc.	USD	130.00	Jan 2020	8	800	5,806	(5,409)
JPM	Texas Instruments, Inc.	USD	130.00	Jan 2020	86	8,600	33,214	(58,144)
GSI	Texas Instruments, Inc.	USD	135.00	Jan 2020	10	1,000	4,220	(4,485)
GSI	Texas Instruments, Inc.	USD	140.00	Jan 2020	10	1,000	2,620	(2,788)
CSFB	The PNC Financial Services Group, Inc.	USD	140.00	Jan 2020	71	7,100	37,098	(48,377)
GSI	UnitedHealth Group, Inc.	USD	270.00	Jan 2020	16	1,600	23,645	(1,191)
CITI	UnitedHealth Group, Inc.	USD	280.00	Jan 2020	16	1,600	17,519	(622)
CITI	UnitedHealth Group, Inc.	USD	290.00	Jan 2020	20	2,000	36,340	(398)
GSI	UnitedHealth Group, Inc.	USD	290.00	Jan 2020	9	900	16,471	(179)
CITI	UnitedHealth Group, Inc.	USD	300.00	Jan 2020	9	900	13,428	(90)
GSI	UnitedHealth Group, Inc.	USD	310.00	Jan 2020	2	200	1,657	(10)
CSFB	Visa, Inc., Class A	USD	150.00	Jan 2020	33	3,300	30,571	(82,152)
CSFB	Visa, Inc., Class A	USD	155.00	Jan 2020	33	3,300	24,836	(68,225)
CSFB	Visa, Inc., Class A	USD	160.00	Jan 2020	54	5,400	37,267	(94,566)
CSFB	Visa, Inc., Class A	USD	165.00	Jan 2020	45	4,500	22,482	(62,096)
CSFB	Visa, Inc., Class A	USD	170.00	Jan 2020	45	4,500	23,584	(44,877)
GSI	Visa, Inc., Class A	USD	170.00	Jan 2020	44	4,400	25,609	(43,879)
CSFB	Visa, Inc., Class A	USD	175.00	Jan 2020	44	4,400	15,827	(31,677)
GSI	Visa, Inc., Class A	USD	175.00	Jan 2020	107	10,700	50,969	(77,032)
GSI	Visa, Inc., Class A	USD	180.00	Jan 2020	36	3,600	23,789	(17,746)
CITI	Yum! Brands, Inc.	USD	100.00	Jan 2020	51	5,100	18,517	(75,418)
BOA	Yum! Brands, Inc.	USD	105.00	Jan 2020	45	4,500	10,840	(47,591)
CITI	Yum! Brands, Inc.	USD	105.00	Jan 2020	76	7,600	17,975	(80,376)
CITI	Yum! Brands, Inc.	USD	115.00	Jan 2020	10	1,000	3,570	(4,006)
CITI	Yum! Brands, Inc.	USD	115.00	Jan 2020	25	2,500	8,925	(10,016)
CITI	Yum! Brands, Inc.	USD	120.00	Jan 2020	10	1,000	1,851	(2,002)
CITI	Yum! Brands, Inc.	USD	120.00	Jan 2020	27	2,700	4,887	(5,407)
							$1,862,252	$(3,760,518)

Derivatives Currency Abbreviations
USD	U.S. Dollar

Derivatives Abbreviations
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
CSFB	Credit Suisse First Boston International
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, N.A.
OTC	Over-the-counter
RBC	Royal Bank of Canada

Core Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 58.4%
U.S. Government – 26.7%
U.S. Treasury Bonds
2.250%, 08/15/2046 to 08/15/2049	$	5,672,000	$	5,835,004

Core Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
2.500%, 05/15/2046	$	6,423,000	$	6,922,790

 

33

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
2.875%, 05/15/2049	$	1,642,000	$	1,916,650
3.000%, 11/15/2044		20,728,000		24,364,307
3.125%, 02/15/2043 to 08/15/2044		22,599,000		27,034,922
U.S. Treasury Notes
1.375%, 08/31/2020 to 08/31/2026		19,499,000		19,274,370
1.500%, 09/15/2022 to 09/30/2024		17,659,000		17,621,642
1.625%, 09/30/2021 to 08/15/2029		25,688,000		25,657,638
2.000%, 10/31/2022		1,780,000		1,802,041
2.125%, 05/31/2021 to 02/29/2024		25,517,000		25,773,511
2.250%, 04/30/2021 to 11/15/2025		21,831,000		22,414,741
2.500%, 01/15/2022		12,037,000		12,270,217
2.625%, 05/15/2021 to 02/28/2023		10,681,000		10,891,388
2.750%, 08/15/2021 to 08/31/2025		80,609,000		84,294,207
2.875%, 11/30/2025		5,092,000		5,468,331
				291,541,759
U.S. Government Agency – 31.7%
Federal Home Loan Mortgage Corp.
2.500%, 06/01/2028		1,271,515		1,287,807
3.000%, 05/01/2047 to 06/01/2049		1,889,436		1,929,713
3.500%, 05/01/2046 to 10/01/2049		11,985,443		12,545,458
4.000%, 01/01/2035 to 09/01/2049		11,015,074		11,613,287
4.500%, 06/01/2039 to 07/01/2039		115,191		125,207
Federal National Mortgage Association
2.500%, 08/01/2031		920,903		932,213
2.616%, (12 month LIBOR + 1.583%), 05/01/2045 (A)		792,225		802,338
2.660%, (12 month LIBOR + 1.586%), 01/01/2046 (A)		3,782,784		3,833,338
2.748%, (12 month LIBOR + 1.578%), 06/01/2045 (A)		1,051,207		1,066,068
2.954%, (12 month LIBOR + 1.599%), 08/01/2047 (A)		768,479		785,837
3.000%, TBA (B)		37,800,000		38,367,772
3.000%, 01/01/2043		1,572,073		1,619,354
3.123%, (12 month LIBOR + 1.620%), 03/01/2047 (A)		1,130,418		1,162,461
3.500%, TBA (B)		9,400,000		9,642,242
3.500%, 03/01/2046 to 08/01/2049		48,237,563		50,502,025
4.000%, TBA (B)		3,700,000		3,839,295
4.000%, 07/01/2033 to 07/01/2049		49,008,726		51,370,092
4.500%, 05/01/2034 to 08/01/2049		13,395,601		14,538,559
5.000%, 07/01/2044 to 08/01/2049		33,990,936		37,669,349
5.500%, 12/01/2048 to 06/01/2049		5,053,142		5,672,305
Government National Mortgage Association
3.000%, TBA (B)		26,600,000		27,280,187
3.500%, TBA (B)		17,100,000		17,712,318
3.500%, 01/20/2048 to 09/20/2049		4,212,473		4,433,522
4.000%, 10/20/2047 to 08/20/2049		13,102,682		13,789,184
4.500%, 08/15/2047 to 05/20/2049		8,623,405		9,190,267
5.000%, 12/20/2039 to 09/20/2049		22,724,554		24,221,189
				345,931,387
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $630,564,655)			$	637,473,146
FOREIGN GOVERNMENT OBLIGATIONS – 0.6%
Mexico – 0.3%
Government of Mexico
4.500%, 04/22/2029		2,531,000		2,749,324
4.500%, 01/31/2050		395,000		415,990
4.600%, 02/10/2048		632,000		675,456
				3,840,770

Core Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Paraguay – 0.1%
Republic of Paraguay 5.400%, 03/30/2050 (C)	$	497,000	$	565,338
United Arab Emirates – 0.2%
Abu Dhabi Government
2.125%, 09/30/2024 (C)		582,000		578,508
2.500%, 09/30/2029 (C)		765,000		759,630
3.125%, 09/30/2049 (C)		427,000		413,656
				1,751,794
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $5,944,987)			$	6,157,902
CORPORATE BONDS – 26.1%
Communication services – 2.2%
AT&T, Inc.
3.400%, 05/15/2025		734,000		766,423
3.800%, 02/15/2027		293,000		310,469
4.300%, 02/15/2030		255,000		280,641
4.350%, 03/01/2029		200,000		221,027
4.850%, 03/01/2039		360,000		408,064
5.150%, 02/15/2050		449,000		525,628
5.250%, 03/01/2037		215,000		253,149
5.350%, 12/15/2043		180,000		211,800
5.375%, 10/15/2041		288,000		337,578
5.450%, 03/01/2047		260,000		314,122
5.700%, 03/01/2057		215,000		270,893
Charter Communications Operating LLC
4.464%, 07/23/2022		353,000		371,626
5.375%, 05/01/2047		580,000		631,151
Comcast Corp.
3.300%, 10/01/2020		2,049,000		2,076,874
3.450%, 10/01/2021		907,000		934,025
3.700%, 04/15/2024		722,000		769,812
3.950%, 10/15/2025		653,000		710,985
4.000%, 03/01/2048		548,000		607,225
4.150%, 10/15/2028		368,000		412,904
4.600%, 10/15/2038		915,000		1,096,412
4.700%, 10/15/2048		183,000		224,286
4.950%, 10/15/2058		273,000		350,249
Discovery Communications LLC
4.125%, 05/15/2029		506,000		533,039
5.300%, 05/15/2049		664,000		735,748
Fox Corp.
4.030%, 01/25/2024 (C)		384,000		408,519
4.709%, 01/25/2029 (C)		257,000		293,353
5.576%, 01/25/2049 (C)		412,000		523,328
Telefonica Emisiones SA 5.520%, 03/01/2049		604,000		736,129
The Walt Disney Company
1.750%, 08/30/2024		1,098,000		1,087,305
2.000%, 09/01/2029		731,000		711,862
2.750%, 09/01/2049		294,000		282,804
4.950%, 10/15/2045 (C)(D)		348,000		467,404
Time Warner Cable LLC 6.550%, 05/01/2037		255,000		306,267
Verizon Communications, Inc.
4.016%, 12/03/2029		397,000		441,385
4.125%, 08/15/2046		874,000		974,394
4.272%, 01/15/2036		161,000		181,326
4.329%, 09/21/2028		632,000		716,887
4.400%, 11/01/2034		783,000		892,537
4.522%, 09/15/2048		179,000		211,379
4.672%, 03/15/2055		96,000		115,100
5.012%, 04/15/2049		179,000		224,888
5.500%, 03/16/2047		348,000		459,592

 

34

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Viacom, Inc. 5.850%, 09/01/2043	$	305,000	$	375,106
Vodafone Group PLC 4.250%, 09/17/2050		1,406,000		1,433,137
				24,196,832
Consumer discretionary – 0.8%
Ford Motor Company 4.750%, 01/15/2043		1,443,000		1,250,367
Ford Motor Credit Company LLC 4.542%, 08/01/2026		517,000		516,749
General Motors Company
5.400%, 04/01/2048		86,000		86,242
5.950%, 04/01/2049		954,000		1,021,523
Lowe's Companies, Inc. 3.650%, 04/05/2029		1,720,000		1,839,510
McDonald's Corp.
2.625%, 09/01/2029		1,115,000		1,110,961
3.625%, 09/01/2049		545,000		551,413
4.450%, 09/01/2048		432,000		499,718
Starbucks Corp.
3.750%, 12/01/2047		311,000		321,217
3.800%, 08/15/2025		40,000		43,289
4.500%, 11/15/2048		291,000		338,262
The Home Depot, Inc. 4.500%, 12/06/2048		910,000		1,135,869
				8,715,120
Consumer staples – 2.2%
Altria Group, Inc.
3.875%, 09/16/2046		315,000		289,902
4.800%, 02/14/2029		778,000		853,177
5.950%, 02/14/2049		189,000		222,340
Anheuser-Busch Companies LLC
3.650%, 02/01/2026		752,000		805,748
4.900%, 02/01/2046		1,371,000		1,630,938
Anheuser-Busch InBev Worldwide, Inc.
4.150%, 01/23/2025		1,135,000		1,240,034
4.600%, 04/15/2048		147,000		169,906
4.900%, 01/23/2031		643,000		765,746
5.550%, 01/23/2049		473,000		619,320
BAT Capital Corp.
3.222%, 08/15/2024		571,000		577,902
3.462%, 09/06/2029		395,000		386,525
Constellation Brands, Inc.
3.150%, 08/01/2029		1,014,000		1,038,427
3.200%, 02/15/2023		182,000		187,580
3.500%, 05/09/2027		260,000		271,994
3.600%, 02/15/2028		574,000		606,152
3.700%, 12/06/2026		306,000		323,849
4.400%, 11/15/2025		56,000		61,922
Costco Wholesale Corp.
2.750%, 05/18/2024		936,000		968,647
3.000%, 05/18/2027		1,236,000		1,310,018
Danone SA
2.589%, 11/02/2023 (C)		306,000		310,226
2.947%, 11/02/2026 (C)		2,709,000		2,773,232
Kraft Heinz Foods Company 2.800%, 07/02/2020		1,124,000		1,125,932
Reynolds American, Inc. 5.850%, 08/15/2045		284,000		314,442
The Coca-Cola Company
1.750%, 09/06/2024		998,000		990,352
2.125%, 09/06/2029		599,000		587,137
Walmart, Inc.
2.375%, 09/24/2029		882,000		888,693
2.950%, 09/24/2049		641,000		643,422

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Walmart, Inc. (continued)
3.250%, 07/08/2029	$	473,000	$	511,210
3.550%, 06/26/2025		948,000		1,023,559
3.700%, 06/26/2028		1,692,000		1,876,933
3.950%, 06/28/2038		111,000		129,475
4.050%, 06/29/2048		185,000		222,234
				23,726,974
Energy – 3.1%
BP Capital Markets America, Inc.
3.410%, 02/11/2026		996,000		1,053,026
3.796%, 09/21/2025		725,000		783,404
3.937%, 09/21/2028		1,693,000		1,877,046
Cimarex Energy Company 4.375%, 03/15/2029 (D)		1,185,000		1,247,385
Devon Energy Corp. 5.600%, 07/15/2041		596,000		722,470
Ecopetrol SA 5.875%, 05/28/2045		353,000		414,634
Enbridge, Inc. 2.900%, 07/15/2022		775,000		789,711
Encana Corp.
6.500%, 02/01/2038		374,000		450,659
6.625%, 08/15/2037		338,000		412,657
Energy Transfer Operating LP
5.250%, 04/15/2029		321,000		362,112
5.500%, 06/01/2027		458,000		517,289
5.875%, 01/15/2024		1,075,000		1,195,234
6.125%, 12/15/2045		188,000		220,441
Enterprise Products Operating LLC
3.125%, 07/31/2029		1,212,000		1,239,513
4.200%, 01/31/2050		942,000		1,007,274
4.800%, 02/01/2049		111,000		128,787
Hess Corp.
3.500%, 07/15/2024		158,000		161,260
5.800%, 04/01/2047		66,000		75,975
6.000%, 01/15/2040		538,000		623,546
7.125%, 03/15/2033		132,000		164,781
Kinder Morgan Energy Partners LP
5.500%, 03/01/2044		264,000		304,211
6.950%, 01/15/2038		182,000		237,695
7.300%, 08/15/2033		57,000		76,186
Kinder Morgan, Inc.
5.000%, 02/15/2021 (C)		1,114,000		1,150,631
5.550%, 06/01/2045		210,000		247,817
Marathon Oil Corp. 6.600%, 10/01/2037		96,000		119,482
Marathon Petroleum Corp. 3.625%, 09/15/2024		550,000		575,552
MPLX LP
3.500%, 12/01/2022 (C)		428,000		440,164
5.200%, 12/01/2047 (C)		533,000		583,403
5.500%, 02/15/2049		490,000		570,784
Noble Energy, Inc.
3.250%, 10/15/2029		600,000		593,967
4.200%, 10/15/2049		280,000		274,810
4.950%, 08/15/2047 (D)		631,000		689,148
5.050%, 11/15/2044		523,000		570,851
Occidental Petroleum Corp.
4.850%, 03/15/2021		337,000		348,448
6.600%, 03/15/2046		197,000		256,725
7.500%, 05/01/2031		195,000		255,467
Petroleos Mexicanos
2.378%, 04/15/2025		825,000		835,045
2.460%, 12/15/2025		2,106,650		2,138,873
6.350%, 02/12/2048		1,944,000		1,786,361

 

35

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Petroleos Mexicanos (continued)
6.490%, 01/23/2027 (C)(D)	$	229,000	$	238,710
6.750%, 09/21/2047		815,000		782,237
Plains All American Pipeline LP
3.550%, 12/15/2029		1,346,000		1,323,236
4.900%, 02/15/2045		684,000		688,707
Schlumberger Finance Canada, Ltd. 2.650%, 11/20/2022 (C)		731,000		742,549
Spectra Energy Partners LP 3.375%, 10/15/2026		368,000		380,938
Sunoco Logistics Partners Operations LP
5.300%, 04/01/2044		671,000		706,538
5.400%, 10/01/2047		179,000		195,281
The Williams Companies, Inc. 3.900%, 01/15/2025		263,000		275,580
Total Capital International SA
2.434%, 01/10/2025		1,467,000		1,481,706
2.829%, 01/10/2030		1,211,000		1,248,246
Western Midstream Operating LP 5.500%, 08/15/2048		380,000		337,187
				33,903,739
Financials – 6.7%
American International Group, Inc.
4.200%, 04/01/2028		560,000		610,761
4.250%, 03/15/2029		365,000		399,803
4.500%, 07/16/2044		308,000		342,885
Banco Santander SA
2.706%, 06/27/2024		1,200,000		1,213,304
3.306%, 06/27/2029		600,000		620,034
Bank of America Corp. (4.330% to 3-15-49, then 3 month LIBOR + 1.520%) 03/15/2050		309,000		365,073
Bank of America Corp. (2.328% to 10-1-20, then 3 month LIBOR + 0.630%) 10/01/2021		1,631,000		1,632,796
Bank of America Corp. (3.093% to 10-1-24, then 3 month LIBOR + 1.090%) 10/01/2025		2,197,000		2,262,962
Bank of America Corp. (3.366% to 1-23-25, then 3 month LIBOR + 0.810%) 01/23/2026		921,000		960,175
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		1,793,000		1,870,845
Bank of America Corp. (3.458% to 3-15-24, then 3 month LIBOR + 0.970%) 03/15/2025		1,040,000		1,085,113
Bank of America Corp. (3.559% to 4-23-26, then 3 month LIBOR + 1.060%) 04/23/2027		1,144,000		1,207,683
Barclays PLC (3.932% to 5-7-24, then 3 month LIBOR + 1.610%) 05/07/2025		1,341,000		1,385,413
Barclays PLC (4.338% to 5-16-23, then 3 month LIBOR + 1.356%) 05/16/2024		304,000		317,582
Barclays PLC (4.972% to 5-16-28, then 3 month LIBOR + 1.902%) 05/16/2029		700,000		768,267
BB&T Corp.
2.500%, 08/01/2024		2,206,000		2,223,784
3.050%, 06/20/2022		1,268,000		1,298,432
BNP Paribas SA 4.400%, 08/14/2028 (C)		262,000		289,270
BPCE SA 2.700%, 10/01/2029 (C)		1,155,000		1,147,967

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Burlington Northern Santa Fe LLC
3.550%, 02/15/2050	$	548,000	$	581,536
4.900%, 04/01/2044		206,000		258,513
Capital One Financial Corp. 3.300%, 10/30/2024		378,000		391,278
Citibank NA (2.844% to 5-20-21, then 3 month LIBOR + 0.596%) 05/20/2022		2,280,000		2,303,370
Citigroup, Inc. (3.980% to 3-20-29, then 3 month LIBOR + 1.338%) 03/20/2030 (D)		367,000		400,101
Citigroup, Inc. (4.044% to 6-1-23, then 3 month LIBOR + 1.023%) 06/01/2024		919,000		970,678
Commonwealth Bank of Australia 3.743%, 09/12/2039 (C)		306,000		303,848
Commonwealth Bank of Australia (3.610% to 9-12-29, 5 Year CMT + 2.050%) 09/12/2034 (C)		764,000		765,147
Credit Suisse Group AG 4.282%, 01/09/2028 (C)		963,000		1,035,521
Danske Bank A/S (3.001% to 9-20-21, then 3 month LIBOR + 1.249%) 09/20/2022 (C)		1,882,000		1,888,825
Danske Bank A/S (3.244% to 12-20-24, then 3 month LIBOR + 1.591%) 12/20/2025 (C)		1,648,000		1,661,437
Enel Finance International NV 3.500%, 04/06/2028 (C)		346,000		354,370
GE Capital International Funding Company Unlimited Company
2.342%, 11/15/2020		262,000		261,362
4.418%, 11/15/2035		1,296,000		1,359,389
HSBC Holdings PLC (3.803% to 3-11-24, then 3 month LIBOR + 1.211%) 03/11/2025		2,017,000		2,101,235
HSBC Holdings PLC (3.973% to 5-22-29, then 3 month LIBOR + 1.610%) 05/22/2030		2,191,000		2,339,881
HSBC Holdings PLC (4.041% to 3-13-27, then 3 month LIBOR + 1.546%) 03/13/2028		428,000		454,296
JPMorgan Chase & Co. 2.950%, 10/01/2026		674,000		691,836
JPMorgan Chase & Co. (2.301% to 10-15-24, then SOFR + 1.160%) 10/15/2025 (D)		1,649,000		1,643,757
JPMorgan Chase & Co. (2.739% to 10-15-29, then SOFR + 1.510%) 10/15/2030		1,466,000		1,457,051
JPMorgan Chase & Co. (3.207% to 4-1-22, then 3 month LIBOR + 0.695%) 04/01/2023		4,205,000		4,305,016
JPMorgan Chase & Co. (3.220% to 3-1-24, then 3 month LIBOR + 1.155%) 03/01/2025		212,000		219,597
JPMorgan Chase & Co. (3.559% to 4-23-23, then 3 month LIBOR + 0.730%) 04/23/2024		366,000		381,788
JPMorgan Chase & Co. (3.702% to 5-6-29, then 3 month LIBOR + 1.160%) 05/06/2030		183,000		196,303
JPMorgan Chase & Co. (3.797% to 7-23-23, then 3 month LIBOR + 0.890%) 07/23/2024		183,000		193,140

 

36

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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	$	547,000	$	600,676
JPMorgan Chase & Co. (3.897% to 1-23-48, then 3 month LIBOR + 1.220%) 01/23/2049		674,000		748,787
JPMorgan Chase & Co. (4.005% to 4-23-28, then 3 month LIBOR + 1.120%) 04/23/2029		479,000		523,795
JPMorgan Chase & Co. (4.023% to 12-5-23, then 3 month LIBOR + 1.000%) 12/05/2024		356,000		379,755
KeyCorp 2.550%, 10/01/2029		1,397,000		1,364,025
Liberty Mutual Group, Inc. 4.569%, 02/01/2029 (C)		1,018,000		1,136,137
Lincoln National Corp. 3.050%, 01/15/2030		1,218,000		1,213,715
Mizuho Financial Group, Inc. (2.721% to 7-16-22, then 3 month LIBOR + 0.840%) 07/16/2023		1,642,000		1,655,625
Morgan Stanley
2.625%, 11/17/2021		1,461,000		1,474,316
2.750%, 05/19/2022		5,000		5,072
3.700%, 10/23/2024		1,096,000		1,161,091
4.375%, 01/22/2047		182,000		213,954
Morgan Stanley (4.457% to 4-22-38, then 3 month LIBOR + 1.431%) 04/22/2039 (D)		344,000		400,619
Nationwide Building Society (3.960% to 7-18-29, then 3 month LIBOR + 1.855%) 07/18/2030 (C)		526,000		549,368
Prudential Financial, Inc.
3.700%, 03/13/2051		230,000		237,715
4.350%, 02/25/2050		629,000		721,375
Santander Holdings USA, Inc. 3.500%, 06/07/2024		1,466,000		1,504,138
Spirit Realty LP 3.400%, 01/15/2030		451,000		447,490
Standard Chartered PLC (2.744% to 9-10-21, then 3 month LIBOR + 1.200%) 09/10/2022 (C)		2,092,000		2,094,155
Sumitomo Mitsui Financial Group, Inc.
2.696%, 07/16/2024		1,881,000		1,902,364
3.040%, 07/16/2029		1,505,000		1,539,154
The Charles Schwab Corp. 3.250%, 05/22/2029		1,757,000		1,851,557
The PNC Financial Services Group, Inc. 3.450%, 04/23/2029		2,175,000		2,322,463
Trust F/1401 6.390%, 01/15/2050 (C)(D)		364,000		387,624
UBS Group AG (3.126% to 8-13-29, then 3 month LIBOR + 1.468%) 08/13/2030 (C)		1,019,000		1,026,222
UBS Group Funding Switzerland AG 4.253%, 03/23/2028 (C)		397,000		433,120
Westpac Banking Corp. (4.110% to 7-24-29, then 5 Year CMT + 2.000%) 07/24/2034		440,000		458,752
				72,874,488
Health care – 3.2%
Abbott Laboratories
3.400%, 11/30/2023		203,000		213,406
3.750%, 11/30/2026		662,000		721,345
3.875%, 09/15/2025		150,000		163,146

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Abbott Laboratories (continued)
4.900%, 11/30/2046	$	1,371,000	$	1,768,871
AbbVie, Inc.
2.500%, 05/14/2020		1,389,000		1,392,168
4.250%, 11/14/2028		272,000		295,369
4.875%, 11/14/2048		210,000		231,824
Aetna, Inc. 3.875%, 08/15/2047		293,000		285,285
Becton, Dickinson and Company
2.404%, 06/05/2020		1,217,000		1,218,258
3.363%, 06/06/2024		410,000		427,680
3.700%, 06/06/2027		400,000		423,798
3.734%, 12/15/2024		969,000		1,025,428
4.685%, 12/15/2044		452,000		521,942
Boston Scientific Corp.
3.750%, 03/01/2026		598,000		639,382
4.000%, 03/01/2028 to 03/01/2029		797,000		877,882
4.700%, 03/01/2049		398,000		487,342
Bristol-Myers Squibb Company
2.600%, 05/16/2022 (C)(D)		1,582,000		1,605,799
2.900%, 07/26/2024 (C)		862,000		889,470
3.200%, 06/15/2026 (C)		755,000		791,564
3.400%, 07/26/2029 (C)		924,000		987,955
4.125%, 06/15/2039 (C)		92,000		104,318
4.250%, 10/26/2049 (C)		257,000		299,270
Celgene Corp.
2.750%, 02/15/2023		1,364,000		1,388,427
2.875%, 02/19/2021		379,000		382,640
3.900%, 02/20/2028		202,000		221,894
4.350%, 11/15/2047		188,000		217,914
Cigna Corp.
3.400%, 09/17/2021 (D)		822,000		840,644
3.750%, 07/15/2023		1,014,000		1,060,431
4.375%, 10/15/2028		433,000		474,684
4.800%, 08/15/2038		80,000		89,889
4.900%, 12/15/2048		641,000		733,195
CVS Health Corp.
2.625%, 08/15/2024		485,000		486,674
3.000%, 08/15/2026		404,000		405,930
3.250%, 08/15/2029		323,000		324,768
3.700%, 03/09/2023		371,000		386,147
4.000%, 12/05/2023		544,000		574,901
4.100%, 03/25/2025		804,000		858,508
4.780%, 03/25/2038		397,000		437,654
5.050%, 03/25/2048		104,000		118,272
Edwards Lifesciences Corp. 4.300%, 06/15/2028		851,000		958,814
Express Scripts Holding Company 3.400%, 03/01/2027		369,000		381,277
Gilead Sciences, Inc.
3.650%, 03/01/2026		368,000		394,334
4.150%, 03/01/2047 (D)		293,000		326,664
Merck & Company, Inc.
3.400%, 03/07/2029		646,000		700,423
4.000%, 03/07/2049		233,000		277,161
Pfizer, Inc.
2.800%, 03/11/2022 (D)		359,000		365,870
3.000%, 12/15/2026		188,000		198,125
3.450%, 03/15/2029		981,000		1,063,673
4.100%, 09/15/2038		206,000		235,890
Sanofi 3.375%, 06/19/2023		1,005,000		1,054,365
Thermo Fisher Scientific, Inc. 2.600%, 10/01/2029		999,000		995,384

 

37

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
UnitedHealth Group, Inc.
2.375%, 08/15/2024	$	1,015,000	$	1,021,509
2.875%, 08/15/2029		1,014,000		1,034,353
3.500%, 08/15/2039		404,000		420,800
3.700%, 12/15/2025 to 08/15/2049		970,000		1,034,350
3.875%, 08/15/2059		404,000		426,959
4.450%, 12/15/2048		122,000		144,690
				35,408,715
Industrials – 1.9%
Caterpillar, Inc.
2.600%, 09/19/2029		621,000		627,421
3.250%, 09/19/2049		695,000		723,136
Crowley Conro LLC 4.181%, 08/15/2043		556,800		635,039
CSX Corp.
2.400%, 02/15/2030		439,000		429,037
3.350%, 09/15/2049		237,000		231,709
4.750%, 11/15/2048		260,000		313,700
FedEx Corp. 4.950%, 10/17/2048		462,000		512,774
General Electric Company
2.700%, 10/09/2022		179,000		179,463
3.100%, 01/09/2023		131,000		132,742
5.875%, 01/14/2038		452,000		542,997
Lockheed Martin Corp.
4.070%, 12/15/2042		381,000		439,859
4.090%, 09/15/2052		303,000		357,877
Northrop Grumman Corp.
2.550%, 10/15/2022		1,181,000		1,197,440
2.930%, 01/15/2025		53,000		54,641
3.250%, 08/01/2023 to 01/15/2028		1,222,000		1,274,184
The Boeing Company
2.700%, 05/01/2022 to 02/01/2027		1,803,000		1,840,343
2.950%, 02/01/2030		1,214,000		1,250,528
3.100%, 05/01/2026		1,012,000		1,061,824
3.200%, 03/01/2029		464,000		487,241
3.500%, 03/01/2039		389,000		410,523
3.550%, 03/01/2038		155,000		163,599
3.750%, 02/01/2050		286,000		309,610
3.850%, 11/01/2048		72,000		78,435
3.900%, 05/01/2049		490,000		540,773
Union Pacific Corp.
2.950%, 03/01/2022		661,000		676,442
3.150%, 03/01/2024		422,000		438,275
4.300%, 03/01/2049		98,000		114,317
United Technologies Corp.
2.800%, 05/04/2024		502,000		516,560
3.100%, 06/01/2022		682,000		702,128
3.650%, 08/16/2023		2,025,000		2,141,984
3.950%, 08/16/2025		526,000		575,828
4.125%, 11/16/2028		321,000		363,258
4.450%, 11/16/2038		488,000		581,011
4.625%, 11/16/2048		532,000		665,754
				20,570,452
Information technology – 2.3%
Apple, Inc.
1.800%, 09/11/2024		998,000		991,621
2.050%, 09/11/2026		1,198,000		1,183,727
2.200%, 09/11/2029		2,395,000		2,351,426
2.950%, 09/11/2049		737,000		721,491
3.200%, 05/13/2025 to 05/11/2027		1,589,000		1,685,107
4.250%, 02/09/2047		328,000		392,390
4.375%, 05/13/2045		338,000		411,112
Broadcom, Inc.
4.250%, 04/15/2026 (C)		2,311,000		2,387,531

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Broadcom, Inc. (continued)
4.750%, 04/15/2029 (C)	$	261,000	$	275,874
Fidelity National Information Services, Inc. 3.750%, 05/21/2029		548,000		594,606
Fiserv, Inc.
3.200%, 07/01/2026		641,000		664,072
3.500%, 07/01/2029		668,000		702,952
4.200%, 10/01/2028		63,000		69,665
4.400%, 07/01/2049		339,000		380,618
Global Payments, Inc.
3.200%, 08/15/2029		607,000		614,816
4.150%, 08/15/2049		363,000		380,621
IBM Corp.
3.300%, 05/15/2026		626,000		660,628
4.150%, 05/15/2039		282,000		322,084
4.250%, 05/15/2049		772,000		891,931
Lam Research Corp.
3.750%, 03/15/2026		593,000		632,957
4.875%, 03/15/2049		161,000		196,960
Mastercard, Inc.
2.950%, 06/01/2029		731,000		767,047
3.650%, 06/01/2049		254,000		288,362
Micron Technology, Inc. 4.663%, 02/15/2030		501,000		522,221
Microsoft Corp.
3.300%, 02/06/2027		560,000		603,666
3.700%, 08/08/2046		182,000		208,592
4.000%, 02/12/2055		481,000		573,686
4.100%, 02/06/2037		599,000		710,454
4.250%, 02/06/2047		856,000		1,062,710
4.500%, 02/06/2057		442,000		576,507
NXP BV 3.875%, 06/18/2026 (C)		915,000		962,183
Oracle Corp.
2.625%, 02/15/2023		494,000		503,423
2.950%, 11/15/2024		264,000		274,034
3.800%, 11/15/2037		270,000		296,491
4.000%, 11/15/2047		775,000		870,850
				24,732,415
Materials – 0.7%
Barrick Gold Corp. 3.850%, 04/01/2022		77,000		79,855
Barrick North America Finance LLC
5.700%, 05/30/2041		744,000		935,549
5.750%, 05/01/2043		174,000		228,691
DuPont de Nemours, Inc.
4.493%, 11/15/2025		421,000		465,043
4.725%, 11/15/2028		375,000		429,327
FMC Corp. 4.500%, 10/01/2049		147,000		152,637
Huntsman International LLC
4.500%, 05/01/2029		694,000		731,812
5.125%, 11/15/2022		302,000		321,992
Lyondellbasell Industries NV 6.000%, 11/15/2021		381,000		407,143
Minera Mexico SA De CV 4.500%, 01/26/2050 (C)		354,000		348,690
Southern Copper Corp.
3.875%, 04/23/2025		416,000		432,940
5.875%, 04/23/2045		294,000		356,465
Teck Resources, Ltd. 6.250%, 07/15/2041		1,223,000		1,359,952
The Dow Chemical Company 4.250%, 10/01/2034		252,000		267,061

 

38

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
The Mosaic Company
4.050%, 11/15/2027	$	421,000	$	437,465
5.625%, 11/15/2043		443,000		491,368
				7,445,990
Real estate – 0.8%
Boston Properties LP 2.900%, 03/15/2030		150,000		149,269
GLP Capital LP
4.000%, 01/15/2030		700,000		703,479
5.300%, 01/15/2029		378,000		416,635
Healthcare Trust of America Holdings LP 3.100%, 02/15/2030		217,000		216,377
Mid-America Apartments LP
3.600%, 06/01/2027		254,000		268,721
3.750%, 06/15/2024		894,000		939,918
3.950%, 03/15/2029 (D)		484,000		528,288
4.000%, 11/15/2025		458,000		490,826
4.300%, 10/15/2023		383,000		409,158
Public Storage 3.094%, 09/15/2027		789,000		829,128
Regency Centers LP 2.950%, 09/15/2029		813,000		811,314
Simon Property Group LP
2.000%, 09/13/2024		599,000		592,875
3.250%, 09/13/2049		439,000		428,327
SITE Centers Corp. 4.625%, 07/15/2022		318,000		332,401
STORE Capital Corp.
4.500%, 03/15/2028		1,407,000		1,518,781
4.625%, 03/15/2029		470,000		516,938
Ventas Realty LP 4.875%, 04/15/2049		218,000		260,633
				9,413,068
Utilities – 2.2%
Alabama Power Company 3.450%, 10/01/2049		914,000		940,608
Black Hills Corp.
3.050%, 10/15/2029		999,000		998,718
3.875%, 10/15/2049		129,000		130,350
CenterPoint Energy, Inc.
2.500%, 09/01/2022 to 09/01/2024		1,272,000		1,270,984
2.950%, 03/01/2030		548,000		545,969
4.250%, 11/01/2028		544,000		597,927
Commonwealth Edison Company 4.000%, 03/01/2049		695,000		802,196
Consolidated Edison Company of New York, Inc. 4.125%, 05/15/2049		625,000		715,318
Dominion Energy, Inc.
2.000%, 08/15/2021		526,000		524,336
4.600%, 03/15/2049		292,000		344,168
Duke Energy Corp. 1.800%, 09/01/2021		789,000		785,450
Duke Energy Indiana LLC
3.250%, 10/01/2049		550,000		548,342
3.750%, 05/15/2046		179,000		192,437
Duke Energy Progress LLC 3.450%, 03/15/2029		366,000		394,534
Edison International
4.125%, 03/15/2028		548,000		561,699
5.750%, 06/15/2027 (D)		183,000		205,676
Electricite de France SA
4.500%, 09/21/2028 (C)		1,160,000		1,294,651
5.600%, 01/27/2040 (C)		344,000		427,323

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Enel Finance International NV
2.875%, 05/25/2022 (C)	$	587,000	$	594,780
4.625%, 09/14/2025 (C)		784,000		856,414
4.750%, 05/25/2047 (C)		307,000		347,427
6.000%, 10/07/2039 (C)		486,000		607,306
Entergy Arkansas LLC 4.200%, 04/01/2049		108,000		125,103
Eversource Energy 3.150%, 01/15/2025		225,000		232,256
FirstEnergy Corp.
2.850%, 07/15/2022		63,000		63,959
4.250%, 03/15/2023		949,000		1,003,834
4.850%, 07/15/2047		333,000		395,766
FirstEnergy Transmission LLC 5.450%, 07/15/2044 (C)		152,000		193,161
Georgia Power Company 2.650%, 09/15/2029		201,000		197,607
Metropolitan Edison Company 4.300%, 01/15/2029 (C)		590,000		665,708
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/2028 (C)		734,000		809,352
Mississippi Power Company
3.950%, 03/30/2028		918,000		1,001,318
4.250%, 03/15/2042		551,000		596,924
PPL Capital Funding, Inc.
3.100%, 05/15/2026		254,000		258,888
3.400%, 06/01/2023		108,000		111,163
4.000%, 09/15/2047		131,000		136,047
4.700%, 06/01/2043		72,000		81,173
5.000%, 03/15/2044		270,000		315,379
Public Service Enterprise Group, Inc. 2.875%, 06/15/2024		450,000		461,792
Sempra Energy 4.000%, 02/01/2048		580,000		614,426
Southern California Edison Company
2.850%, 08/01/2029 (D)		380,000		382,747
3.700%, 08/01/2025		433,000		458,107
4.000%, 04/01/2047		343,000		368,983
4.125%, 03/01/2048		721,000		784,352
4.650%, 10/01/2043		179,000		206,401
5.550%, 01/15/2037		105,000		128,098
5.950%, 02/01/2038		345,000		440,410
6.000%, 01/15/2034		55,000		69,359
Southwestern Electric Power Company 3.900%, 04/01/2045		240,000		253,518
				24,042,444
TOTAL CORPORATE BONDS (Cost $271,377,622)			$	285,030,237
MUNICIPAL BONDS – 0.6%
County of Clark (Nevada) 6.820%, 07/01/2045		750,000		1,229,685
Los Angeles Community College District (California) 6.750%, 08/01/2049		1,100,000		1,840,300
North Texas Tollway Authority 6.718%, 01/01/2049		697,000		1,141,010
Port Authority of New York & New Jersey 4.458%, 10/01/2062		1,501,000		1,908,416
State of California 7.600%, 11/01/2040		155,000		262,218

 

39

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
State of Illinois, GO 5.100%, 06/01/2033 (D)	$	125,000	$	135,393
The Ohio State University 4.800%, 06/01/2111		464,000		617,213
TOTAL MUNICIPAL BONDS (Cost $5,914,843)			$	7,134,235
COLLATERALIZED MORTGAGE OBLIGATIONS – 10.1%
Commercial and residential – 4.0%
Angel Oak Mortgage Trust I LLC Series 2019-2, Class A1 3.628%, 03/25/2049 (C)(E)		642,915		651,899
Benchmark Mortgage Trust
Series 2018-B1, Class ASB, 3.602%, 01/15/2051 (E)		360,000		384,109
Series 2019-B13, Class A4, 2.952%, 08/15/2057		701,000		727,155
Bunker Hill Loan Depositary Trust
Series 2019-1, Class A1, 3.613%, 10/26/2048 (C)		428,205		433,114
Series 2019-2, Class A1, 2.879%, 07/25/2049 (C)		1,142,517		1,149,797
CD Mortgage Trust
Series 2016-CD1, Class A1, 1.443%, 08/10/2049		221,565		219,971
Series 2016-CD1, Class ASB, 2.622%, 08/10/2049		1,138,000		1,160,166
Series 2017-CD4, Class A4, 3.514%, 05/10/2050 (E)		576,000		620,255
Series 2017-CD4, Class ASB, 3.317%, 05/10/2050		508,000		532,920
Series 2017-CD6, Class ASB, 3.332%, 11/13/2050		1,197,000		1,259,963
CFCRE Commercial Mortgage Trust
Series 2016-C3, Class A1, 1.793%, 01/10/2048		281,671		280,696
Series 2016-C4, Class ASB, 3.091%, 05/10/2058		637,000		657,344
Series 2017-C8, Class A1, 1.965%, 06/15/2050		151,358		150,962
Series 2017-C8, Class ASB, 3.367%, 06/15/2050		529,000		555,515
Citigroup Commercial Mortgage Trust Series 2015-GC29, Class AS 3.457%, 04/10/2048		281,000		294,594
COLT Mortgage Loan Trust
Series 2019-1, Class A1, 3.705%, 03/25/2049 (C)(E)		626,814		635,628
Series 2019-2, Class A1, 3.337%, 05/25/2049 (C)(E)		1,168,494		1,188,582
Series 2019-4, Class A1 , 2.579%, 11/25/2049 (C)(E)		1,175,000		1,174,992
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2013-CR9, Class A4, 4.373%, 07/10/2045 (E)		1,074,000		1,153,152
Series 2016-COR1, Class ASB, 2.972%, 10/10/2049		505,000		521,451
Series 2018-COR3, Class A3, 4.228%, 05/10/2051		209,000		236,918
CSAIL Commercial Mortgage Trust
Series 2015-C2, Class A4, 3.504%, 06/15/2057		563,000		596,725
Series 2015-C3, Class A4, 3.718%, 08/15/2048		702,000		753,065
Series 2015-C4, Class A4, 3.808%, 11/15/2048		772,000		834,918

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
CSAIL Commercial Mortgage Trust (continued)
Series 2016-C5, Class ASB, 3.533%, 11/15/2048	$	261,000	$	273,032
Series 2019-C17, Class A5, 3.016%, 09/15/2052		581,000		603,422
CSMC Trust Series 2016-NXSR, Class A4 3.795%, 12/15/2049 (E)		1,667,000		1,810,022
DBJPM Mortgage Trust Series 2017-C6, Class ASB 3.121%, 06/10/2050		298,000		309,985
GCAT LLC Series 2019-NQM1, Class A1 2.985%, 02/25/2059 (C)		464,369		469,438
GS Mortgage Securities Trust
Series 2012-GCJ7, Class AAB, 2.935%, 05/10/2045		84,581		84,752
Series 2014-GC18, Class A3, 3.801%, 01/10/2047		408,048		431,482
Series 2015-GC28, Class A5, 3.396%, 02/10/2048		254,000		268,066
Series 2015-GC34, Class A4, 3.506%, 10/10/2048		617,000		658,669
Series 2017-GS7, Class A4, 3.430%, 08/10/2050		984,000		1,049,139
Series 2019-GC42, Class A4, 3.001%, 09/01/2052		504,000		524,714
Impact Funding Affordable Multifamily Housing Mortgage Loan Trust Series 2010-1, Class A1 5.314%, 01/25/2051 (C)		2,256,422		2,466,180
JPMBB Commercial Mortgage Securities Trust
Series 2014-C23, Class A4, 3.670%, 09/15/2047		567,000		601,831
Series 2015-C28, Class A2, 2.773%, 10/15/2048		332,731		332,483
Series 2015-C28, Class A3, 2.912%, 10/15/2048		2,646,000		2,725,318
Series 2015-C33, Class A4, 3.770%, 12/15/2048		300,000		325,247
JPMCC Commercial Mortgage Securities Trust
Series 2017-JP5, Class ASB, 3.549%, 03/15/2050		1,441,000		1,525,231
Series 2017-JP6, Class ASB, 3.283%, 07/15/2050		563,000		589,735
JPMDB Commercial Mortgage Securities Trust
Series 2017-C5, Class A5, 3.693%, 03/15/2050		313,000		340,622
Series 2017-C5, Class ASB, 3.492%, 03/15/2050		202,000		213,292
Series 2018-C8, Class ASB, 4.145%, 06/15/2051		561,000		616,444
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class A1 1.324%, 08/15/2049		358,257		355,639

 

40

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2013-C10, Class A4, 4.218%, 07/15/2046 (E)	$	100,000	$	106,642
Series 2015-C20, Class A4, 3.249%, 02/15/2048		158,000		165,399
Series 2015-C25, Class ASB, 3.383%, 10/15/2048		425,000		442,963
Series 2015-C27, Class A4, 3.753%, 12/15/2047		151,000		163,103
Morgan Stanley Capital I Trust
Series 2016-UB11, Class A1, 1.445%, 08/15/2049		490,678		487,596
Series 2016-UB11, Class ASB, 2.606%, 08/15/2049		579,000		587,362
Series 2016-UBS9, Class A1, 1.711%, 03/15/2049		289,764		288,403
New Residential Mortgage Loan Trust
Series 2019-NQM2, Class A1, 3.600%, 04/25/2049 (C)(E)		626,829		634,925
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (C)(E)		894,000		894,049
Verus Securitization Trust
Series 2019-1, Class A1, 3.836%, 02/25/2059 (C)(E)		539,944		545,892
Series 2019-2, Class A1, 3.211%, 04/25/2059 (C)(E)		2,272,250		2,284,702
Series 2019-3, Class A1, 2.784%, 07/25/2059 (C)		2,217,952		2,218,430
Series 2019-INV1, Class A1, 3.402%, 12/25/2059 (C)(E)		858,735		865,830
Series 2019-INV2, Class A1, 2.913%, 07/25/2059 (C)(E)		1,017,940		1,020,662
Visio Trust Series 2019-1, Class A1 3.572%, 06/25/2054 (C)(E)		505,391		510,195
				43,964,787
U.S. Government Agency – 6.1%
Federal Home Loan Mortgage Corp.
Series 264, Class 30, 3.000%, 07/15/2042		3,166,365		3,270,764
Series 4705, Class A, 4.500%, 09/15/2042		1,485,041		1,604,584
Series 4742, Class PA, 3.000%, 10/15/2047		4,822,249		4,918,348
Series 4763, Class CA, 3.000%, 09/15/2038		370,744		383,642
Series 4767, Class KA, 3.000%, 03/15/2048		1,891,110		1,951,159
Series 4786, Class DP, 4.500%, 07/15/2042		967,317		999,590
Series 4796, Class AK, 3.000%, 05/15/2048		3,541,068		3,610,106
Series 4802, Class A, 3.000%, 06/15/2048		3,406,882		3,468,720
Series 4846, Class PF (1 month LIBOR + 0.350%), 2.744%, 12/15/2048 (A)		450,678		448,852
Series 4856, Class FD (1 month LIBOR + 0.300%), 2.328%, 08/15/2040 (A)		1,372,570		1,373,933

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 4897, Class F (1 month LIBOR + 0.400%), 2.428%, 07/15/2049 (A)	$	480,018	$	479,796
Federal National Mortgage Association
Series 2013-30, Class CA, 1.500%, 04/25/2043		396,306		384,466
Series 2017-13, Class PA, 3.000%, 08/25/2046		1,210,067		1,272,283
Series 2017-42, Class H, 3.000%, 11/25/2043		828,661		847,889
Series 2017-M7, Class A2, 2.961%, 02/25/2027 (E)		423,000		443,973
Series 2018-14, Class KC, 3.000%, 03/25/2048		1,964,011		2,023,500
Series 2018-15, Class AB, 3.000%, 03/25/2048		462,719		478,399
Series 2018-43, Class CT, 3.000%, 06/25/2048		3,384,503		3,435,562
Series 2018-45, Class GA, 3.000%, 06/25/2048		2,643,829		2,678,515
Series 2018-56, Class CH, 3.000%, 08/25/2048		1,662,962		1,690,393
Series 2018-57, Class PT, 3.000%, 08/25/2048		1,302,919		1,325,292
Series 2018-59, Class DA, 3.000%, 08/25/2048		3,615,650		3,675,292
Series 2018-79, Class FA (1 month LIBOR + 0.250%), 2.268%, 11/25/2048 (A)		2,215,103		2,198,751
Series 2018-8, Class KL, 2.500%, 03/25/2047		1,414,038		1,421,019
Series 2019-14, Class FB (1 month LIBOR + 0.400%), 2.630%, 04/25/2059 (A)		814,339		813,304
Series 2019-18, Class FH (1 month LIBOR + 0.350%), 2.368%, 05/25/2049 (A)		1,356,349		1,352,498
Series 2019-25, Class YF (1 month LIBOR + 0.450%), 2.468%, 10/25/2046 (A)		2,657,102		2,654,452
Series 2019-35, Class A, 3.000%, 07/25/2049		1,049,386		1,093,249
Series 2019-35, Class FH (1 month LIBOR + 0.350%), 2.368%, 07/25/2049 (A)		590,002		587,573
Series 2019-35, Class MB, 3.000%, 07/25/2049		1,445,510		1,514,679
Series 2019-42, Class FK (1 month LIBOR + 0.450%), 2.468%, 08/25/2049 (A)		3,087,549		3,078,048
Series 2019-60, Class BF (1 month LIBOR + 0.450%), 2.496%, 10/25/2049 (A)		1,062,000		1,061,004
Series 2019-60, Class FW (1 month LIBOR + 0.450%), 2.496%, 10/25/2049 (A)		818,000		817,233
Series 414, Class A35, 3.500%, 10/25/2042		3,294,845		3,496,546
Government National Mortgage Association
Series 2012-141, Class WA, 4.527%, 11/16/2041 (E)		359,101		401,451

 

41

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Government National Mortgage Association (continued)
Series 2017-167, Class BQ, 2.500%, 08/20/2044	$	1,569,818	$	1,593,212
Series 2019-20, Class JK, 3.500%, 02/20/2049		3,314,000		3,402,597
				66,250,674
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $107,048,643)			$	110,215,461
ASSET BACKED SECURITIES – 12.0%
Avis Budget Rental Car Funding AESOP LLC
Series 2017-1A, Class A 3.070%, 09/20/2023 (C)		637,000		650,295
Series 2019-2A, Class A 3.600%, 09/22/2025 (C)		1,705,000		1,774,304
Series 2019-3A, Class A 2.360%, 03/20/2026 (C)		2,207,000		2,197,970
College Ave Student Loans LLC
Series 2017-A, Class A1 (1 month LIBOR + 1.650%) 3.668%, 11/26/2046 (A)(C)		803,257		806,150
Series 2018-A, Class A2 4.130%, 12/26/2047 (C)		486,252		514,984
Series 2019-A, Class A2 3.280%, 12/28/2048 (C)		473,135		477,921
Ford Credit Auto Owner Trust
Series 2017-1, Class A 2.620%, 08/15/2028 (C)		505,000		511,276
Series 2017-2, Class A 2.360%, 03/15/2029 (C)		2,654,000		2,665,709
Series 2018-1, Class A 3.190%, 07/15/2031 (C)		2,926,000		3,047,620
Series 2018-2, Class A 3.470%, 01/15/2030 (C)		1,185,000		1,240,381
Series 2019-1, Class A 3.520%, 07/15/2030 (C)		1,252,000		1,324,141
Ford Credit Floorplan Master Owner Trust A
Series 2019-3, Class A1 2.230%, 09/15/2024		2,380,000		2,385,729
Series 2019-3, Class A2 (1 month LIBOR + 0.600%) 2.650%, 09/15/2024 (A)		1,713,000		1,714,333
Series 2019-4, Class A 2.440%, 09/15/2026		1,904,000		1,914,280
Hertz Vehicle Financing II LP
Series 2015-3A, Class A 2.670%, 09/25/2021 (C)		995,000		998,546
Series 2016-2A, Class A 2.950%, 03/25/2022 (C)		1,239,000		1,247,239
Series 2017-1A, Class A 2.960%, 10/25/2021 (C)		1,125,000		1,132,829
Series 2017-2A, Class A 3.290%, 10/25/2023 (C)		4,543,000		4,646,902
Series 2019-1A, Class A 3.710%, 03/25/2023 (C)		1,666,000		1,715,736
Series 2019-2A, Class A 3.420%, 05/25/2025 (C)		2,873,000		2,966,728
Hertz Vehicle Financing LLC
Series 2018-2A, Class A 3.650%, 06/27/2022 (C)		1,096,000		1,118,077

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Hertz Vehicle Financing LLC (continued)
Series 2018-3A, Class A 4.030%, 07/25/2024 (C)	$	1,099,000	$	1,156,918
Navient Private Education Loan Trust
Series 2014-AA, Class A3 (1 month LIBOR + 1.600%) 3.628%, 10/15/2031 (A)(C)		1,490,000		1,517,377
Series 2014-CTA, Class A (1 month LIBOR + 0.700%) 2.895%, 09/16/2024 (A)(C)		188,048		188,144
Series 2016-AA, Class A2B (1 month LIBOR + 2.150%) 4.345%, 12/15/2045 (A)(C)		607,074		626,589
Series 2017-A, Class A2B (1 month LIBOR + 0.900%) 2.928%, 12/16/2058 (A)(C)		1,457,000		1,460,314
Series 2018-BA, Class A2A 3.610%, 12/15/2059 (C)		467,000		489,224
Navient Private Education Refi Loan Trust
Series 2018-A, Class A2 3.190%, 02/18/2042 (C)		485,000		494,662
Series 2018-CA, Class A2 3.520%, 06/16/2042 (C)		501,000		517,382
Series 2018-DA, Class A2A 4.000%, 12/15/2059 (C)		1,994,000		2,085,646
Series 2019-A, Class A2A 3.870%, 01/15/2043 (C)		2,333,000		2,434,066
Series 2019-CA, Class A2 3.130%, 02/15/2068 (C)		1,662,000		1,707,088
Series 2019-D, Class A2A 3.480%, 12/15/2059 (C)		1,915,000		1,938,907
Navient Student Loan Trust
Series 2014-1, Class A3 (1 month LIBOR + 0.510%) 2.655%, 06/25/2031 (A)		943,325		935,936
Series 2015-1, Class A2 (1 month LIBOR + 0.600%) 2.745%, 04/25/2040 (A)		2,374,776		2,348,755
Series 2016-1A, Class A (1 month LIBOR + 0.700%) 2.845%, 02/25/2070 (A)(C)		1,411,314		1,394,958
Series 2016-3A, Class A2 (1 month LIBOR + 0.850%) 2.995%, 06/25/2065 (A)(C)		330,017		330,941
Series 2016-5A, Class A (1 month LIBOR + 1.250%) 3.268%, 06/25/2065 (A)(C)		1,420,891		1,432,012
Series 2017-5A, Class A (1 month LIBOR + 0.800%) 2.818%, 07/26/2066 (A)(C)		742,508		739,720
Series 2018-EA, Class A2 4.000%, 12/15/2059 (C)		1,329,000		1,407,476
Series 2019-3A, Class A (1 month LIBOR + 0.830%) 2.887%, 07/25/2068 (A)(C)		4,498,000		4,498,081
Series 2019-BA, Class A2A 3.760%, 12/15/2059 (C)		1,568,000		1,635,365
Nelnet Student Loan Trust
Series 2004-3, Class A5 (3 month LIBOR + 0.180%) 2.456%, 10/27/2036 (A)		1,416,274		1,381,713
Series 2004-4, Class A5 (3 month LIBOR + 0.160%) 2.436%, 01/25/2037 (A)		1,518,362		1,491,470

 

42

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Nelnet Student Loan Trust (continued)
Series 2005-1, Class A5 (3 month LIBOR + 0.110%) 2.386%, 10/25/2033 (A)	$	3,967,501	$	3,897,918
Series 2005-2, Class A5 (3 month LIBOR + 0.100%) 2.259%, 03/23/2037 (A)		5,500,035		5,414,222
Series 2005-3, Class A5 (3 month LIBOR + 0.120%) 2.279%, 12/24/2035 (A)		3,394,289		3,368,427
Series 2005-4, Class A4 (3 month LIBOR + 0.180%) 2.523%, 03/22/2032 (A)		715,397		690,722
Series 2012-4A, Class A (1 month LIBOR + 0.700%) 2.845%, 09/27/2038 (A)(C)		967,672		967,065
Series 2014-1A, Class A (1 month LIBOR + 0.570%) 2.715%, 09/25/2041 (A)(C)		439,025		434,681
Series 2016-1A, Class A (1 month LIBOR + 0.800%) 2.945%, 09/25/2065 (A)(C)		1,526,891		1,532,631
Series 2017-2A, Class A (1 month LIBOR + 0.770%) 2.915%, 09/25/2065 (A)(C)		818,958		815,880
Series 2018-3A, Class A2 (1 month LIBOR + 0.440%) 2.930%, 09/27/2066 (A)(C)		563,000		561,236
SLC Student Loan Trust
Series 2005-2, Class A4 (3 month LIBOR + 0.160%) 2.570%, 12/15/2039 (A)		1,029,000		983,920
Series 2007-1, Class A5 (3 month LIBOR + 0.090%) 2.248%, 02/15/2068 (A)		761,000		711,496
Series 2008-1, Class A4A (3 month LIBOR + 1.600%) 3.719%, 12/15/2032 (A)		902,033		921,392
SLM Student Loan Trust
Series 2003-1, Class A5C (3 month LIBOR + 0.750%) 2.869%, 12/15/2032 (A)(C)		822,332		803,025
Series 2004-10, Class A7A (3 month LIBOR + 0.600%) 2.876%, 10/25/2029 (A)(C)		2,449,000		2,452,354
Series 2005-3, Class A6 (3 month LIBOR + 0.150%) 2.433%, 04/25/2040 (A)		1,000,000		966,889
Series 2006-1, Class A5 (3 month LIBOR + 0.110%) 2.386%, 07/26/2021 (A)		2,229,541		2,214,262
Series 2006-3, Class A5 (3 month LIBOR + 0.100%) 2.376%, 01/25/2021 (A)		1,449,608		1,432,024
Series 2007-2, Class A4 (3 month LIBOR + 0.060%) 2.343%, 07/25/2022 (A)		2,811,420		2,742,156
Series 2010-1, Class A (1 month LIBOR + 0.400%) 2.545%, 03/25/2025 (A)		1,008,145		977,955
Series 2012-1, Class A3 (1 month LIBOR + 0.950%) 2.968%, 09/25/2028 (A)		2,389,917		2,362,054
Series 2012-2, Class A (1 month LIBOR + 0.700%) 2.845%, 01/25/2029 (A)		2,035,876		1,990,127

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
SLM Student Loan Trust (continued)
Series 2012-6, Class A3 (1 month LIBOR + 0.750%) 2.895%, 05/26/2026 (A)	$	1,340,644	$	1,322,216
SMB Private Education Loan Trust
Series 2015-A, Class A2B (1 month LIBOR + 1.000%) 3.028%, 06/15/2027 (A)(C)		1,302,600		1,307,015
Series 2015-B, Class A2B (1 month LIBOR + 1.200%) 3.228%, 07/15/2027 (A)(C)		1,211,391		1,219,885
Series 2015-C, Class A2B (1 month LIBOR + 1.400%) 3.428%, 07/15/2027 (A)(C)		412,552		417,221
Series 2016-A, Class A2A 2.700%, 05/15/2031 (C)		1,626,805		1,640,658
Series 2016-A, Class A2B (1 month LIBOR + 1.500%) 3.528%, 05/15/2031 (A)(C)		1,521,746		1,544,539
Series 2016-B, Class A2A 2.430%, 02/17/2032 (C)		240,912		241,722
Series 2016-B, Class A2B (1 month LIBOR + 1.450%) 3.478%, 02/17/2032 (A)(C)		2,330,363		2,373,853
Series 2016-C, Class A2B (1 month LIBOR + 1.100%) 3.128%, 09/15/2034 (A)(C)		821,328		828,034
Series 2017-A, Class A2B (1 month LIBOR + 0.900%) 2.928%, 09/15/2034 (A)(C)		2,809,164		2,813,614
Series 2017-B, Class A2A 2.820%, 10/15/2035 (C)		1,355,983		1,372,917
Series 2017-B, Class A2B (1 month LIBOR + 0.750%) 2.778%, 10/15/2035 (A)(C)		1,744,652		1,745,050
Series 2018-C, Class A2A 3.630%, 11/15/2035 (C)		279,000		290,600
Series 2019-A, Class A2A 3.440%, 07/15/2036 (C)		1,767,000		1,842,291
SoFi Professional Loan Program LLC
Series 2016-A, Class A2 2.760%, 12/26/2036 (C)		607,437		611,215
Series 2016-E, Class A1 (1 month LIBOR + 0.850%) 2.868%, 07/25/2039 (A)(C)		229,396		230,122
Series 2017-A, Class A1 (1 month LIBOR + 0.700%) 2.845%, 03/26/2040 (A)(C)		229,482		230,103
Series 2017-D, Class A2FX 2.650%, 09/25/2040 (C)		146,000		147,194
Series 2017-E, Class A1 (1 month LIBOR + 0.500%) 2.645%, 11/26/2040 (A)(C)		157,160		157,306
Series 2017-E, Class A2B 2.720%, 11/26/2040 (C)		2,240,000		2,281,632
Series 2018-A, Class A2B 2.950%, 02/25/2042 (C)		565,000		575,825
Series 2018-B, Class A2FX 3.340%, 08/25/2047 (C)		1,917,000		1,974,903

 

43

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
World Financial Network Credit Card Master Trust
Series 2018-B, Class A 3.460%, 07/15/2025	$	537,000	$	550,176
Series 2019-C, Class A 2.210%, 07/15/2026		2,169,000		2,167,471
TOTAL ASSET BACKED SECURITIES (Cost $129,994,695)			$	131,389,892
SECURITIES LENDING COLLATERAL – 0.5%
John Hancock Collateral Trust, 2.1169% (F)(G)		549,091		5,494,586
TOTAL SECURITIES LENDING COLLATERAL (Cost $5,494,513)			$	5,494,586
SHORT-TERM INVESTMENTS – 0.9%
Money market funds – 0.9%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (F)		10,082,656		10,082,656
TOTAL SHORT-TERM INVESTMENTS (Cost $10,082,656)			$	10,082,656
Total Investments (Core Bond Trust) (Cost $1,166,422,614) – 109.2%			$	1,192,978,115
Other assets and liabilities, net – (9.2%)				(100,995,479)
TOTAL NET ASSETS – 100.0%			$	1,091,982,636
SALE COMMITMENTS OUTSTANDING - (0.4)%
U.S. Government Agency – (0.4%)
Federal National Mortgage Association 4.000%, TBA (B)	$	(3,700,000)	$	(3,839,295)
TOTAL SALE COMMITMENTS OUTSTANDING (Cost $(3,836,582))			$	(3,839,295)

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
GO	General Obligation
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing 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)	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 $141,419,002 or 13.0% of the fund's net assets as of 9-30-19.
(D)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $5,369,288.
(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 9-30-19.
(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.

Emerging Markets Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.2%
Brazil - 6.1%
Alliar Medicos A Frente SA	3,300	$	15,289
Banco Bradesco SA	17,661		132,831
Banco do Brasil SA	78,883		863,642
Banco Santander Brasil SA	28,874		315,012
BrasilAgro - Co Brasileira de Propriedades Agricolas	6,700		28,703
Camil Alimentos SA	10,600		17,144
Cia Siderurgica Nacional SA, ADR (A)	14,489		45,785
Construtora Tenda SA	1,924		11,410
Cosan SA	15,942		204,121
CSU Cardsystem SA	9,300		14,325
Duratex SA	44,418		135,233
Enauta Participacoes SA	16,860		45,001
Fras-Le SA	8,800		9,700
Gerdau SA	12,229		32,346
Industrias Romi SA	6,500		21,698
International Meal Company Alimentacao SA	26,600		55,697
Iochpe Maxion SA	11,411		52,675
JHSF Participacoes SA	56,500		57,657
Kepler Weber SA	2,100		10,902
Kroton Educacional SA	168,446		453,249
Marisa Lojas SA (B)	12,000		27,437
MRV Engenharia e Participacoes SA	27,789		117,979
Petroleo Brasileiro SA	431,803		3,133,337
Portobello SA	12,300		12,433
Restoque Comercio e Confeccoes de Roupas SA	2,875		14,600
Sao Carlos Empreendimentos e Participacoes SA	5,205		45,461
Sao Martinho SA	15,365		70,077
SLC Agricola SA	9,500		40,904
Springs Global Participacoes SA (B)	5,600		16,308
Suzano SA, ADR (A)	16,212		130,831
Trisul SA	13,137		31,460
Tupy SA	9,951		42,990
Usinas Siderurgicas de Minas Gerais SA	23,738		53,418
Vale SA (B)	554,256		6,369,685
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA	11,359		37,782
			12,667,122
Chile - 1.4%
CAP SA	12,755		111,022
Cementos BIO BIO SA	16,447		20,806
Cencosud SA	260,777		429,045
Cia Pesquera Camanchaca SA	214,992		16,275
Cristalerias de Chile SA	13,401		97,717
Empresa Nacional de Telecomunicaciones SA (B)	26,364		231,078
Empresas CMPC SA	142,931		332,378
Empresas COPEC SA	29,187		275,130
Empresas Hites SA	46,731		26,763
Enel Americas SA	2,922,546		534,917
Grupo Security SA	147,513		50,799
Inversiones Aguas Metropolitanas SA	20,673		28,915
Itau CorpBanca	13,647,128		103,328
Masisa SA (B)	321,066		16,733
PAZ Corp. SA	32,925		50,110
Ripley Corp. SA	172,249		122,944
Salfacorp SA	79,291		77,597
Sigdo Koppers SA	50,989		79,436
SMU SA	43,046		10,273
Sociedad Matriz SAAM SA	1,211,492		105,497
Socovesa SA	113,429		57,551

 

44

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chile (continued)
SONDA SA	17,248	$	21,042
Vina Concha y Toro SA	9,318		18,517
			2,817,873
China - 11.2%
21Vianet Group, Inc., ADR (B)	3,800		28,956
361 Degrees International, Ltd.	140,000		30,728
Agile Group Holdings, Ltd.	93,000		112,972
Agricultural Bank of China, Ltd., H Shares	1,467,000		574,472
Air China, Ltd., H Shares	116,000		101,812
Aluminum Corp. of China, Ltd., H Shares (B)	200,000		63,020
Angang Steel Company, Ltd., H Shares	85,800		31,319
Anton Oilfield Services Group	238,000		23,711
Asia Cement China Holdings Corp.	53,500		64,435
AVIC International Holdings, Ltd., H Shares (B)	46,000		40,715
BAIC Motor Corp., Ltd., H Shares (C)	113,000		69,809
Baidu, Inc., ADR (B)	150		15,414
Bank of China, Ltd., H Shares	3,675,694		1,441,502
Bank of Chongqing Company, Ltd., H Shares	69,500		38,569
Bank of Communications Company, Ltd., H Shares	354,876		231,650
Baoye Group Company, Ltd., H Shares (B)	54,000		30,321
BBMG Corp., H Shares	112,000		32,134
Beijing Capital International Airport Company, Ltd., H Shares	58,000		49,492
Beijing North Star Company, Ltd., H Shares	132,000		39,768
Boyaa Interactive International, Ltd.	63,000		9,461
BYD Electronic International Company, Ltd.	26,000		38,931
Cabbeen Fashion, Ltd.	40,000		8,579
Central China Real Estate, Ltd.	147,732		62,713
Changshouhua Food Company, Ltd.	30,000		13,280
Chaowei Power Holdings, Ltd.	145,000		53,291
Cheetah Mobile, Inc., ADR	2,094		7,497
China Aoyuan Group, Ltd.	39,000		44,181
China BlueChemical, Ltd., H Shares	158,000		38,107
China Cinda Asset Management Company, Ltd., H Shares	419,000		82,316
China CITIC Bank Corp., Ltd., H Shares	376,775		200,883
China Coal Energy Company, Ltd., H Shares	126,000		51,290
China Communications Construction Company, Ltd., H Shares	267,000		208,768
China Communications Services Corp., Ltd., H Shares	109,200		61,908
China Construction Bank Corp., H Shares	6,306,000		4,804,915
China Dili Group (B)	272,600		93,352
China Dongxiang Group Company, Ltd.	530,000		56,811
China Eastern Airlines Corp., Ltd., H Shares (B)	78,000		37,778
China Energy Engineering Corp., Ltd., H Shares (A)	292,000		29,031
China Everbright Bank Company, Ltd., H Shares	119,000		50,693
China Galaxy Securities Company, Ltd., H Shares	97,500		51,906
China Harmony New Energy Auto Holding, Ltd. (A)	105,500		35,028
China Hongqiao Group, Ltd.	249,000		158,986

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Huarong Asset Management Company, Ltd., H Shares (C)	602,000	$	90,625
China Huiyuan Juice Group, Ltd. (B)(D)	212,500		39,706
China International Capital Corp., Ltd., H Shares (C)	31,600		61,332
China Lesso Group Holdings, Ltd.	91,000		86,132
China Machinery Engineering Corp., H Shares	106,000		44,903
China Minsheng Banking Corp., Ltd., H Shares (A)	360,400		245,018
China National Building Material Company, Ltd., H Shares	245,450		220,152
China Oilfield Services, Ltd., H Shares	60,000		71,746
China Oriental Group Company, Ltd.	56,000		19,363
China Petroleum & Chemical Corp., ADR	15,616		916,659
China Petroleum & Chemical Corp., H Shares (A)	624,000		369,247
China Railway Construction Corp., Ltd., H Shares	119,665		130,913
China Railway Group, Ltd., H Shares	230,000		139,610
China Reinsurance Group Corp., H Shares	193,000		31,285
China Resources Medical Holdings Company, Ltd.	14,000		8,454
China Resources Pharmaceutical Group, Ltd. (C)	27,000		25,259
China Sanjiang Fine Chemicals Company, Ltd.	105,000		17,568
China SCE Group Holdings, Ltd.	140,200		64,611
China Shenhua Energy Company, Ltd., H Shares	252,000		505,928
China Shineway Pharmaceutical Group, Ltd.	12,000		10,472
China Southern Airlines Company, Ltd., H Shares	116,000		70,167
China Taifeng Beddings Holdings, Ltd. (B)(D)	204,000		12,650
China XLX Fertiliser, Ltd.	115,000		28,559
China ZhengTong Auto Services Holdings, Ltd.	62,000		17,825
China Zhongwang Holdings, Ltd.	106,400		43,305
Chongqing Rural Commercial Bank Company, Ltd., H Shares	136,000		72,407
CIFI Holdings Group Company, Ltd. (A)	159,573		93,259
CNOOC, Ltd.	1,465,000		2,243,106
Cogobuy Group (A)(B)(C)	74,000		13,313
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares	50,000		22,146
CRRC Corp., Ltd., H Shares	17,000		11,862
CT Environmental Group, Ltd. (B)(D)	164,000		6,403
Ctrip.com International, Ltd., ADR (B)	2,104		61,626
Dalian Port PDA Company, Ltd., H Shares (A)	323,400		40,834
Dongfeng Motor Group Company, Ltd., H Shares	110,000		104,512
Dongyue Group, Ltd.	81,000		37,909
E-Commodities Holdings, Ltd.	348,000		15,124
Everbright Securities Company, Ltd., H Shares (C)	25,600		19,422
Evergreen International Holdings, Ltd. (B)	122,000		6,392
Fosun International, Ltd.	195,460		241,932
Fufeng Group, Ltd. (B)	334,200		153,233

 

45

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Genertec Universal Medical Group Company, Ltd. (C)	27,000	$	18,118
GF Securities Company, Ltd., H Shares	53,000		55,558
GOME Retail Holdings, Ltd. (B)	1,349,000		122,176
Grand Baoxin Auto Group, Ltd. (B)	69,500		13,110
Great Wall Motor Company, Ltd., H Shares	174,500		116,931
Greentown China Holdings, Ltd.	57,500		46,626
Guangshen Railway Company, Ltd., ADR	3,552		56,157
Guangzhou Automobile Group Company, Ltd., H Shares	86,000		82,304
Guangzhou R&F Properties Company, Ltd., H Shares	54,800		82,964
Guorui Properties, Ltd.	84,000		16,193
Guotai Junan Securities Company, Ltd., H Shares (C)	7,200		11,199
Haitong Securities Company, Ltd., H Shares	110,400		115,789
Harbin Bank Company, Ltd., H Shares (B)(C)	74,000		13,760
Hilong Holding, Ltd.	119,000		12,905
Honworld Group, Ltd. (C)	56,000		26,234
Hopefluent Group Holdings, Ltd.	46,000		11,175
Hua Hong Semiconductor, Ltd. (A)(C)	25,000		49,784
Huaneng Renewables Corp., Ltd., H Shares	350,000		119,033
Huatai Securities Company, Ltd., H Shares (C)	40,000		59,940
Huishang Bank Corp., Ltd., H Shares	34,300		12,458
Hydoo International Holding, Ltd. (B)	264,000		10,605
Industrial & Commercial Bank of China, Ltd., H Shares	3,793,000		2,541,065
Inner Mongolia Yitai Coal Company, Ltd., H Shares	14,200		9,541
Jiangxi Copper Company, Ltd., H Shares	43,000		49,799
JinkoSolar Holding Company, Ltd., ADR (B)	3,756		59,908
Kaisa Group Holdings, Ltd. (B)	235,000		103,127
Kangda International Environmental Company, Ltd. (B)(C)	209,000		22,144
KWG Group Holdings, Ltd. (B)	58,513		51,302
Legend Holdings Corp., H Shares (C)	66,200		142,679
Lonking Holdings, Ltd.	190,000		48,965
Maanshan Iron & Steel Company, Ltd., H Shares	112,000		42,173
Maoye International Holdings, Ltd.	426,000		26,345
Metallurgical Corp. of China, Ltd., H Shares	185,000		41,511
NVC Lighting Holding, Ltd.	267,000		35,057
Orient Securities Company, Ltd., H Shares (C)	15,200		9,038
PetroChina Company, Ltd., H Shares	1,818,000		932,547
PICC Property & Casualty Company, Ltd., H Shares	360,000		420,060
Poly Culture Group Corp., Ltd., H Shares	22,400		17,768
Postal Savings Bank of China Company, Ltd., H Shares (C)	209,000		127,482
Powerlong Real Estate Holdings, Ltd.	122,000		86,080
Qingling Motors Company, Ltd., H Shares	128,000		30,554
Qunxing Paper Holdings Company, Ltd. (B)(D)	634,371		0

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Red Star Macalline Group Corp., Ltd., H Shares (C)	11,800	$	9,860
Regal International Airport Group Company, Ltd.	17,000		10,579
Ronshine China Holdings, Ltd. (B)	33,000		38,474
Sany Heavy Equipment International Holdings Company, Ltd.	129,000		55,502
Semiconductor Manufacturing International Corp. (B)	105,000		131,313
Semiconductor Manufacturing International Corp., ADR (B)	7,675		47,547
Shandong Chenming Paper Holdings, Ltd., H Shares	42,500		17,023
Shanghai Electric Group Company, Ltd., H Shares	96,000		30,979
Shanghai Jin Jiang Capital Company, Ltd., H Shares	106,000		15,933
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares (A)	26,200		47,452
Shenguan Holdings Group, Ltd. (B)	90,000		3,390
Shui On Land, Ltd.	171,461		34,132
Sihuan Pharmaceutical Holdings Group, Ltd.	177,000		26,860
SINA Corp. (B)	547		21,437
Sino-Ocean Group Holding, Ltd.	151,473		51,463
Sinopec Engineering Group Company, Ltd., H Shares	58,500		36,753
Sinopec Shanghai Petrochemical Company, Ltd., H Shares	128,000		37,212
Sinotrans, Ltd., H Shares	132,000		41,376
Sinotruk Hong Kong, Ltd.	42,000		62,291
SOHO China, Ltd.	103,500		29,590
Springland International Holdings, Ltd.	197,000		38,957
Sunshine 100 China Holdings, Ltd. (B)(C)	77,000		14,258
Tarena International, Inc., ADR (B)	2,100		2,079
Tenwow International Holdings, Ltd. (B)(D)	121,000		4,400
Tianneng Power International, Ltd.	18,000		12,681
Trigiant Group, Ltd.	154,000		28,083
West China Cement, Ltd.	270,000		44,131
Xiamen International Port Company, Ltd., H Shares	330,000		42,083
Xingda International Holdings, Ltd.	172,187		46,801
Xingfa Aluminium Holdings, Ltd.	29,000		27,980
Xinyuan Real Estate Company, Ltd., ADR	3,210		13,033
Yanzhou Coal Mining Company, Ltd., H Shares	112,000		113,743
Yuzhou Properties Company, Ltd.	402,725		160,336
YY, Inc., ADR (B)	2,315		130,172
Zhejiang Glass Company, Ltd., H Shares (B)(D)	162,000		0
Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares	112,600		76,262
			22,989,802
Colombia - 0.4%
Almacenes Exito SA (D)	31,665		160,327
Banco de Bogota SA	1,741		40,223
Cementos Argos SA	8,844		18,908
Corp. Financiera Colombiana SA (B)	5,229		42,133
Grupo Argos SA	41,940		205,602
Grupo de Inversiones Suramericana SA	28,024		265,745
			732,938

 

46

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Czech Republic - 0.3%
CEZ AS	25,679	$	567,235
Greece - 0.3%
Alpha Bank AE (B)	56,716		105,992
Bank of Greece	667		10,090
Ellaktor SA (B)	37,262		74,384
Eurobank Ergasias SA (B)	120,613		116,784
Hellenic Petroleum SA	3,100		28,252
Marfin Investment Group Holdings SA (B)	159,197		22,596
Mytilineos SA	10,218		106,714
National Bank of Greece SA (B)	48,169		146,727
Piraeus Bank SA (B)	33,087		111,066
			722,605
Hong Kong - 5.0%
Ajisen China Holdings, Ltd.	123,000		34,460
AMVIG Holdings, Ltd.	104,000		24,821
Anxin-China Holdings, Ltd. (B)(D)	1,648,000		0
Asian Citrus Holdings, Ltd. (B)(D)	249,000		9,531
Beijing Enterprises Clean Energy Group, Ltd. (B)	600,000		7,804
Beijing Enterprises Holdings, Ltd.	22,000		101,228
Beijing Properties Holdings, Ltd. (B)	366,000		11,636
Brilliance China Automotive Holdings, Ltd.	112,000		120,318
C C Land Holdings, Ltd.	240,126		56,394
Capital Environment Holdings, Ltd. (B)	1,184,000		28,213
CECEP COSTIN New Materials Group, Ltd. (B)(D)	348,000		0
Century Sunshine Group Holdings, Ltd. (B)	165,000		4,429
CGN New Energy Holdings Company, Ltd.	278,000		30,153
China Agri-Industries Holdings, Ltd.	104,300		33,914
China Everbright, Ltd.	66,000		77,235
China Fiber Optic Network System Group, Ltd. (B)(D)	150,800		5,387
China High Precision Automation Group, Ltd. (B)(D)	18,000		2,136
China Jinmao Holdings Group, Ltd.	172,000		98,602
China Longevity Group Company, Ltd. (B)(D)	93,000		4,877
China Lumena New Materials Corp. (A)(B)(D)	2,036,000		0
China Merchants Land, Ltd. (B)	260,000		35,815
China Merchants Port Holdings Company, Ltd.	48,064		72,297
China Mobile, Ltd.	455,000		3,769,107
China New Town Development Company, Ltd.	300,165		5,440
China Oil & Gas Group, Ltd. (B)	1,020,000		36,434
China Overseas Grand Oceans Group, Ltd.	122,500		55,669
China Overseas Land & Investment, Ltd.	292,000		918,690
China Resources Cement Holdings, Ltd.	128,000		128,382
China Resources Land, Ltd.	172,000		720,444
China South City Holdings, Ltd.	340,000		40,362
China State Construction International Holdings, Ltd.	118,000		110,886
China Taiping Insurance Holdings Company, Ltd.	80,600		179,892
China Traditional Chinese Medicine Holdings Company, Ltd.	56,000		25,693
China Travel International Investment Hong Kong, Ltd.	188,000		29,246
China Unicom Hong Kong, Ltd.	476,000		503,930

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Vast Industrial Urban Development Company, Ltd. (A)(C)	36,000	$	14,291
Chu Kong Shipping Enterprises Group Company, Ltd.	22,000		3,590
CITIC Resources Holdings, Ltd.	488,000		30,227
CITIC, Ltd.	371,130		468,480
Concord New Energy Group, Ltd.	690,000		33,913
COSCO SHIPPING International Hong Kong Company, Ltd.	59,625		15,294
COSCO SHIPPING Ports, Ltd.	116,438		92,986
Dah Chong Hong Holdings, Ltd.	119,952		37,912
Dynasty Fine Wines Group, Ltd. (B)	330,000		17,684
Far East Horizon, Ltd.	137,000		127,236
GCL New Energy Holdings, Ltd. (B)	1,230,000		43,989
GCL-Poly Energy Holdings, Ltd. (A)(B)	717,000		28,833
Gemdale Properties & Investment Corp., Ltd.	778,000		86,385
Goldlion Holdings, Ltd.	36,000		11,710
Hi Sun Technology China, Ltd. (B)	375,000		64,013
HKC Holdings, Ltd.	29,206		20,822
Hopson Development Holdings, Ltd.	118,000		118,037
Hua Han Health Industry Holdings, Ltd. (B)(D)	1,120,000		30,295
Jiayuan International Group, Ltd.	46,000		19,196
Joy City Property, Ltd.	328,000		34,709
Ju Teng International Holdings, Ltd.	158,000		37,053
Kingboard Holdings, Ltd.	43,130		114,265
Kingboard Laminates Holdings, Ltd.	53,500		48,252
Kunlun Energy Company, Ltd.	228,000		196,462
Lai Fung Holdings, Ltd.	11,200		10,517
Lee & Man Paper Manufacturing, Ltd.	95,000		51,382
Min Xin Holdings, Ltd.	24,000		11,626
Mingyuan Medicare Development Company, Ltd. (B)(D)	1,300,000		0
Minmetals Land, Ltd.	272,000		37,483
Nine Dragons Paper Holdings, Ltd.	156,000		131,379
Overseas Chinese Town Asia Holdings, Ltd.	52,000		14,605
Poly Property Group Company, Ltd.	139,453		48,637
Pou Sheng International Holdings, Ltd.	142,000		42,182
Seaspan Corp. (A)	9,130		97,052
Shanghai Industrial Holdings, Ltd.	19,000		35,399
Shanghai Industrial Urban Development Group, Ltd.	290,000		36,607
Shanghai Zendai Property, Ltd. (B)	765,000		6,835
Shenzhen International Holdings, Ltd.	19,000		36,479
Shenzhen Investment, Ltd.	161,596		59,645
Shimao Property Holdings, Ltd.	142,500		416,168
Shougang Fushan Resources Group, Ltd.	84,000		17,379
Silver Grant International Holdings Group, Ltd. (B)	160,000		26,364
Sinopec Kantons Holdings, Ltd.	66,000		27,111
Skyworth Group, Ltd.	78,000		20,073
TCL Electronics Holdings, Ltd.	35,600		17,841
Texhong Textile Group, Ltd.	11,500		10,547
Tian An China Investment Company, Ltd.	54,000		24,938
Tianjin Port Development Holdings, Ltd.	352,000		31,890
Tomson Group, Ltd.	131,714		31,730
Tongda Group Holdings, Ltd.	230,000		16,123
TPV Technology, Ltd.	105,684		50,098
Wasion Holdings, Ltd.	66,000		24,994
Yuexiu Property Company, Ltd.	381,542		82,777
			10,396,920

 

47

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hungary - 0.4%
MOL Hungarian Oil & Gas PLC	73,291	$	689,386
Richter Gedeon NYRT	4,439		71,824
			761,210
India - 13.2%
ACC, Ltd.	4,588		104,386
Adani Enterprises, Ltd.	49,045		100,850
Adani Gas, Ltd.	52,433		95,497
Adani Green Energy, Ltd. (B)	76,295		62,820
Adani Transmission, Ltd. (B)	8,675		28,013
Aditya Birla Capital, Ltd. (B)	55,560		66,670
Allcargo Logistics, Ltd.	10,467		15,736
Ambuja Cements, Ltd.	51,599		148,755
Apar Industries, Ltd.	2,063		16,252
Apollo Tyres, Ltd.	28,578		73,153
Arvind Fashions, Ltd. (B)	6,229		38,319
Arvind, Ltd.	12,009		8,136
Ashok Leyland, Ltd.	15,212		14,615
Aurobindo Pharma, Ltd.	12,809		106,401
Axis Bank, Ltd.	96,880		937,263
Bajaj Holdings & Investment, Ltd.	9,643		487,691
Balmer Lawrie & Company, Ltd.	15,078		35,594
Balrampur Chini Mills, Ltd.	33,958		74,645
Bank of Baroda (B)	140,919		185,668
BEML, Ltd.	1,822		24,478
Bharat Electronics, Ltd.	59,808		91,583
Bharat Heavy Electricals, Ltd.	72,839		49,791
Bharti Airtel, Ltd.	254,603		1,342,239
Birla Corp., Ltd.	4,591		36,292
Birlasoft, Ltd.	13,384		13,150
Brigade Enterprises, Ltd.	12,969		39,509
BSE, Ltd.	724		5,789
Cadila Healthcare, Ltd.	6,483		21,373
Canara Bank (B)	9,205		23,715
Ceat, Ltd.	2,623		35,247
CG Power and Industrial Solutions, Ltd. (B)	58,203		11,647
Chambal Fertilizers & Chemicals, Ltd.	24,429		52,656
Chennai Super Kings Cricket, Ltd. (B)(D)	207,315		6,582
Cholamandalam Financial Holdings, Ltd.	5,472		37,239
Cipla, Ltd.	11,934		71,584
Container Corp. of India, Ltd.	4,848		41,424
Cox & Kings Financial Service, Ltd. (B)	15,714		178
Cox & Kings, Ltd.	24,940		1,338
Cyient, Ltd.	5,147		33,780
Dalmia Bharat, Ltd.	1,993		23,057
DB Corp., Ltd.	6,129		12,472
DCB Bank, Ltd.	23,624		65,041
DCM Shriram, Ltd.	10,563		60,412
Dewan Housing Finance Corp., Ltd. (B)	11,383		6,236
Dishman Carbogen Amcis, Ltd.	5,361		12,628
DLF, Ltd.	38,202		83,856
Dr. Reddy's Laboratories, Ltd.	13,052		496,967
Edelweiss Financial Services, Ltd.	46,814		62,684
EID Parry India, Ltd.	14,915		34,524
Essel Propack, Ltd.	6,943		11,594
Federal Bank, Ltd.	151,570		194,870
Finolex Industries, Ltd.	5,072		42,627
Fortis Healthcare, Ltd. (B)	97,990		187,372
Future Enterprises, Ltd. (B)	31,677		9,189
GAIL India, Ltd.	175,376		331,878
Gateway Distriparks, Ltd.	20,634		31,561
General Insurance Corp. of India (C)	4,300		13,602
GFL, Ltd.	5,323		6,020
GHCL, Ltd.	6,390		18,963

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Glenmark Pharmaceuticals, Ltd.	7,263	$	33,257
Granules India, Ltd.	24,247		36,302
Grasim Industries, Ltd.	31,544		328,306
Gujarat Alkalies & Chemicals, Ltd.	3,130		21,136
Gujarat Ambuja Exports, Ltd.	7,910		18,240
Gujarat Fluorochemicals, Ltd. (B)(D)	5,323		55,751
Gujarat Mineral Development Corp., Ltd.	23,433		20,146
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.	10,255		29,241
Gujarat Pipavav Port, Ltd.	15,449		18,709
Gujarat State Petronet, Ltd.	22,857		70,036
HBL Power Systems, Ltd.	18,476		4,829
HCL Technologies, Ltd.	3,346		50,937
HIL, Ltd.	588		10,564
Himachal Futuristic Communications, Ltd.	95,724		24,130
Himatsingka Seide, Ltd.	7,201		14,592
Hindalco Industries, Ltd.	135,777		367,059
HSIL, Ltd.	8,910		5,150
ICICI Bank, Ltd.	185,794		1,132,484
IDFC First Bank, Ltd. (B)	126,067		71,587
IDFC, Ltd.	67,378		32,668
IIFL Finance, Ltd.	47,890		85,784
IIFL Securities, Ltd. (B)	47,890		20,847
IIFL Wealth Management, Ltd. (B)	6,841		119,220
Indiabulls Housing Finance, Ltd.	33,338		120,884
Indiabulls Real Estate, Ltd. (B)	41,734		27,116
Indian Bank (B)	13,953		24,717
Ingersoll Rand India, Ltd.	4,901		44,891
Ipca Laboratories, Ltd.	1,050		13,373
J Kumar Infraprojects, Ltd.	9,276		16,971
Jagran Prakashan, Ltd.	12,700		11,475
Jai Corp., Ltd.	10,722		12,539
Jain Irrigation Systems, Ltd.	32,039		8,891
Jaiprakash Associates, Ltd. (B)	207,878		6,604
JB Chemicals & Pharmaceuticals, Ltd.	8,851		46,130
Jindal Saw, Ltd.	29,627		35,865
Jindal Steel & Power, Ltd. (B)	43,530		63,747
JK Cement, Ltd.	3,406		50,579
JK Paper, Ltd.	18,859		40,183
JK Tyre & Industries, Ltd.	8,887		8,795
JM Financial, Ltd.	33,116		36,705
JMC Projects India, Ltd.	1,703		2,669
JSW Energy, Ltd.	51,942		47,692
JSW Steel, Ltd.	103,888		335,744
Jubilant Life Sciences, Ltd.	11,603		82,278
Kalpataru Power Transmission, Ltd.	9,196		63,305
Kiri Industries, Ltd.	2,637		15,228
Kirloskar Brothers, Ltd.	6,377		14,268
Kolte-Patil Developers, Ltd.	12,368		46,082
KPIT Technologies, Ltd.	13,384		17,941
KPR Mill, Ltd.	4,780		36,809
L&T Finance Holdings, Ltd.	47,017		56,194
Laurus Labs, Ltd. (C)	2,865		15,162
LIC Housing Finance, Ltd.	34,587		183,775
Linde India, Ltd.	5,094		37,373
Lupin, Ltd.	22,726		229,546
Magma Fincorp, Ltd.	19,104		14,086
Maharashtra Scooters, Ltd.	619		39,430
Maharashtra Seamless, Ltd.	6,251		33,976
Mahindra & Mahindra Financial Services, Ltd.	27,536		127,543
Mahindra & Mahindra, Ltd.	84,826		656,636
Mahindra CIE Automotive, Ltd. (B)	17,673		40,709
Mahindra Lifespace Developers, Ltd.	9,555		55,973

 

48

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Manappuram Finance, Ltd.	41,072	$	81,609
Max India, Ltd. (B)	21,707		19,312
MOIL, Ltd.	15,877		30,715
Mphasis, Ltd.	13,286		179,015
MRF, Ltd.	80		71,438
Muthoot Finance, Ltd.	5,997		57,657
Nagarjuna Fertilizers & Chemicals, Ltd. (B)	72,119		3,719
National Aluminium Company, Ltd.	86,920		57,073
Nava Bharat Ventures, Ltd.	28,327		32,923
NCC, Ltd.	25,675		20,024
Nilkamal, Ltd.	1,287		21,911
Oberoi Realty, Ltd.	4,654		33,173
Omaxe, Ltd.	5,567		15,052
PC Jeweller, Ltd. (B)	36,034		16,223
Persistent Systems, Ltd.	6,511		52,353
Phillips Carbon Black, Ltd.	7,735		13,043
Piramal Enterprises, Ltd.	6,745		155,264
PNB Housing Finance, Ltd. (C)	3,409		27,976
Polyplex Corp., Ltd.	2,563		15,576
Power Finance Corp., Ltd. (B)	90,707		127,057
Prestige Estates Projects, Ltd.	32,049		131,293
Procter & Gamble Health, Ltd.	1,896		125,026
PTC India, Ltd.	31,315		24,860
Punjab National Bank (B)	67,838		59,159
Rain Industries, Ltd.	22,684		30,678
Rajesh Exports, Ltd.	8,931		84,252
Rallis India, Ltd.	9,977		24,932
Ramco Industries, Ltd.	4,270		11,046
RBL Bank, Ltd. (C)	1,860		8,642
REC, Ltd.	71,046		123,465
Redington India, Ltd.	91,128		152,727
Reliance Capital, Ltd. (B)	10,794		3,729
Reliance Home Finance, Ltd. (B)	31,920		1,738
Reliance Industries, Ltd., GDR (C)	258,707		9,639,180
Reliance Power, Ltd. (B)	105,791		3,287
Repco Home Finance, Ltd.	5,371		23,595
Sharda Cropchem, Ltd.	2,311		9,897
Shriram City Union Finance, Ltd.	2,480		47,018
Shriram Transport Finance Company, Ltd.	18,150		274,745
Sobha, Ltd.	5,289		36,329
Somany Home Innovation, Ltd. (B)(D)	8,910		20,141
State Bank of India (B)	124,809		477,936
Steel Authority of India, Ltd.	63,740		30,035
Strides Pharma Science, Ltd.	2,675		11,629
Sun Pharmaceutical Industries, Ltd.	70,742		390,381
Sunteck Realty, Ltd.	9,376		53,377
TAKE Solutions, Ltd.	7,707		11,333
Tata Chemicals, Ltd.	5,882		49,261
Tata Global Beverages, Ltd.	23,936		93,299
Tata Motors, Ltd. (B)	234,225		388,602
Tata Steel, Ltd.	45,303		231,658
Tech Mahindra, Ltd.	11,689		118,172
Techno Electric & Engineering Company, Ltd. (B)	7,028		26,332
The Anup Engineering, Ltd.	1,153		7,541
The Great Eastern Shipping Company, Ltd.	12,279		48,415
The Indian Hotels Company, Ltd.	11,320		25,541
The Jammu & Kashmir Bank, Ltd. (B)	55,678		26,429
The Karnataka Bank, Ltd.	6,493		6,932
The Karur Vysya Bank, Ltd.	24,026		20,268
The KCP, Ltd.	9,336		9,087
The South Indian Bank, Ltd.	134,442		20,598

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Time Technoplast, Ltd.	29,797	$	25,010
Tourism Finance Corp. of India, Ltd.	1,588		1,758
Transport Corp. of India, Ltd.	3,182		13,958
Trident, Ltd.	17,105		14,269
Tube Investments of India, Ltd.	3,266		17,697
TV18 Broadcast, Ltd. (B)	95,709		32,047
Uflex, Ltd.	7,789		23,601
Unichem Laboratories, Ltd.	6,860		17,438
VA Tech Wabag, Ltd. (B)	7,507		28,707
Vardhman Textiles, Ltd.	3,223		42,762
Vedanta, Ltd., ADR	72,140		626,175
Vodafone Idea, Ltd. (B)	803,348		72,068
Welspun Corp., Ltd.	14,025		26,749
Welspun Enterprises, Ltd.	9,451		12,631
Welspun India, Ltd.	12,315		9,306
Wipro, Ltd.	183,166		620,952
Wockhardt, Ltd. (B)	4,216		15,249
Yes Bank, Ltd.	196,614		116,046
			27,168,571
Indonesia - 2.5%
Adaro Energy Tbk PT	1,509,400		137,228
Alam Sutera Realty Tbk PT (B)	3,659,400		74,753
Aneka Tambang Tbk PT	938,306		64,410
Asahimas Flat Glass Tbk PT	62,500		18,733
Astra Agro Lestari Tbk PT	100,055		75,967
Astra International Tbk PT	218,300		101,496
Astra Otoparts Tbk PT	267,700		23,573
Astrindo Nusantara Infrastructure Tbk PT (B)	8,664,700		30,514
Bakrie Telecom Tbk PT (B)(D)	17,557,300		30,922
Bank Danamon Indonesia Tbk PT	352,694		118,062
Bank Mandiri Persero Tbk PT	1,884,440		926,874
Bank Negara Indonesia Persero Tbk PT	831,281		430,181
Bank Pan Indonesia Tbk PT (B)	966,897		90,881
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT	284,100		31,450
Bank Pembangunan Daerah Jawa Timur Tbk PT	841,600		37,665
Bank Tabungan Negara Persero Tbk PT	376,361		51,968
Barito Pacific Tbk PT	1,906,900		132,997
Bekasi Fajar Industrial Estate Tbk PT	817,800		14,741
Berlian Laju Tanker Tbk PT (B)	16,708,166		58,852
BISI International Tbk PT	290,800		29,492
Blue Bird Tbk PT	5,500		945
Bukit Asam Tbk PT	229,800		36,600
Bumi Serpong Damai Tbk PT (B)	499,400		48,911
Ciputra Development Tbk PT	2,816,144		209,395
Delta Dunia Makmur Tbk PT (B)	610,700		14,031
Elnusa Tbk PT	742,600		16,723
Erajaya Swasembada Tbk PT	222,700		28,642
Gajah Tunggal Tbk PT (B)	721,700		32,021
Global Mediacom Tbk PT (B)	2,570,400		61,552
Harum Energy Tbk PT	299,900		28,312
Indah Kiat Pulp & Paper Corp. Tbk PT	298,900		136,407
Indika Energy Tbk PT	225,300		20,878
Indo Tambangraya Megah Tbk PT	34,600		30,237
Indofood Sukses Makmur Tbk PT	483,100		261,952
Intiland Development Tbk PT	1,795,100		50,345
Japfa Comfeed Indonesia Tbk PT	499,770		55,648
Jaya Real Property Tbk PT	215,500		10,250
Kawasan Industri Jababeka Tbk PT (B)	5,590,099		125,220
KMI Wire & Cable Tbk PT	743,100		33,256
Krakatau Steel Persero Tbk PT (B)	540,000		13,312
Lippo Karawaci Tbk PT (B)	8,596,848		142,894
Malindo Feedmill Tbk PT	128,500		8,285

 

49

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Medco Energi Internasional Tbk PT (B)	853,233	$	41,430
Media Nusantara Citra Tbk PT	718,600		62,542
Metrodata Electronics Tbk PT	233,100		23,645
MNC Investama Tbk PT (B)	10,867,300		54,335
Modernland Realty Tbk PT (B)	2,313,300		38,792
Pabrik Kertas Tjiwi Kimia Tbk PT	50,500		37,529
Paninvest Tbk PT (B)	116,800		10,160
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT	318,000		28,804
PP Persero Tbk PT	292,600		35,139
Salim Ivomas Pratama Tbk PT (B)	1,429,500		33,229
Sampoerna Agro Tbk PT (B)	260,500		39,799
Sentul City Tbk PT (B)	3,615,400		29,292
Siloam International Hospitals Tbk PT (B)	161,400		80,820
Sri Rejeki Isman Tbk PT	1,260,900		28,238
Summarecon Agung Tbk PT	24,700		2,010
Suryainti Permata Tbk PT (B)(D)	1,446,000		0
Tiga Pilar Sejahtera Food Tbk PT (B)(D)	1,428,300		11,410
Timah Tbk PT	721,660		49,068
Trias Sentosa Tbk PT	1,792,200		45,313
Truba Alam Manunggal Engineering PT (B)(D)	11,991,500		0
Tunas Baru Lampung Tbk PT	884,800		57,985
Tunas Ridean Tbk PT	865,400		60,344
United Tractors Tbk PT	202,200		293,087
Vale Indonesia Tbk PT (B)	224,100		55,404
Visi Media Asia Tbk PT (B)	2,030,800		13,303
Waskita Beton Precast Tbk PT	1,406,800		32,110
Waskita Karya Persero Tbk PT	533,700		62,022
Wijaya Karya Beton Tbk PT	1,074,000		35,863
Wijaya Karya Persero Tbk PT	349,400		47,373
XL Axiata Tbk PT (B)	403,300		97,727
			5,253,348
Malaysia - 3.0%
Aeon Company M BHD	28,600		9,971
AFFIN Bank BHD	221,474		104,764
AirAsia Group BHD	217,600		91,428
Alliance Bank Malaysia BHD	288,800		196,595
AMMB Holdings BHD	365,362		361,126
Batu Kawan BHD	3,100		11,608
Berjaya Assets BHD (B)	77,400		5,550
Berjaya Corp. BHD (B)	422,593		24,724
Berjaya Land BHD (B)	244,400		11,074
BIMB Holdings BHD	24,400		23,061
Borneo Oil BHD (B)	234,100		2,792
Boustead Holdings BHD	116,088		27,977
Boustead Plantations BHD	144,840		22,847
Cahya Mata Sarawak BHD	11,200		7,222
CIMB Group Holdings BHD	641,040		770,178
Cypark Resources BHD	54,200		17,631
DRB-Hicom BHD	93,400		52,904
Eastern & Oriental BHD	173,037		27,284
Eco World Development Group BHD (B)	261,500		40,604
Ekovest BHD	146,600		26,980
FGV Holdings BHD (B)	198,000		42,080
Gamuda BHD	97,800		86,411
Genting BHD	204,300		280,201
Genting Malaysia BHD	189,000		136,939
Glomac BHD	106,040		9,248
HAP Seng Consolidated BHD	33,620		79,148
Hap Seng Plantations Holdings BHD	76,300		26,032
Hengyuan Refining Company BHD (B)	28,800		30,193
HeveaBoard BHD	105,300		12,584
Hiap Teck Venture BHD	368,000		18,487

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
Hong Leong Financial Group BHD	56,699	$	220,079
IGB BHD	71,035		46,637
IJM Corp. BHD	554,760		290,086
Insas BHD	191,469		37,516
IOI Properties Group BHD	292,175		79,556
Jaya Tiasa Holdings BHD	58,826		6,464
Keck Seng Malaysia BHD	45,400		49,757
Kenanga Investment Bank BHD	102,545		12,115
KSL Holdings BHD (B)	213,800		39,807
Kumpulan Fima BHD	2,300		890
Land & General BHD	814,920		31,135
LBS Bina Group BHD	206,900		24,473
Lotte Chemical Titan Holding BHD (C)	29,800		19,081
Magnum BHD	147,000		99,342
Mah Sing Group BHD	393,200		70,438
Malayan Banking BHD	190,837		387,729
Malayan Flour Mills BHD	198,450		27,743
Malaysia Building Society BHD	174,766		34,861
Malaysian Resources Corp. BHD	202,400		35,550
Matrix Concepts Holdings BHD	17,400		7,853
Media Prima BHD (B)	113,800		12,769
Mega First Corp. BHD	73,700		71,834
MISC BHD	106,200		198,159
MKH BHD	97,630		27,504
MMC Corp. BHD	68,600		17,370
MNRB Holdings BHD (B)	36,000		9,374
Mudajaya Group BHD (B)	95,139		4,321
Muhibbah Engineering (M) BHD	99,700		57,435
Oriental Holdings BHD	82,020		127,244
OSK Holdings BHD	310,897		71,658
Petron Malaysia Refining & Marketing BHD	19,300		24,519
Pos Malaysia BHD	30,900		12,030
PPB Group BHD	30,500		132,044
RHB Bank BHD (A)	116,789		157,344
Sapura Energy BHD	1,548,500		103,376
Shangri-La Hotels Malaysia BHD	40,400		48,979
Sime Darby BHD	257,500		138,357
Sime Darby Property BHD	145,900		29,254
SP Setia BHD Group	92,400		30,016
Sunway BHD	340,998		140,129
Ta Ann Holdings BHD	50,348		26,583
TA Enterprise BHD	379,700		58,060
TA Global BHD	247,700		13,888
Tan Chong Motor Holdings BHD	42,500		13,805
TIME dotCom BHD	18,100		39,472
Tropicana Corp. BHD	209,131		42,213
UEM Edgenta BHD	42,600		35,797
UEM Sunrise BHD (B)	434,200		68,966
United Malacca BHD	11,900		14,495
UOA Development BHD (A)	269,700		128,832
Vivocom International Holdings BHD (B)	1,011,666		3,624
Wah Seong Corp. BHD (B)	1,700		248
WCT Holdings BHD (B)	190,652		40,965
YNH Property BHD (B)	84,519		48,876
YTL Corp. BHD	1,061,214		233,272
			6,261,567
Mexico - 3.2%
Alfa SAB de CV, Class A	480,315		423,507
Alpek SAB de CV	49,200		57,293
Arca Continental SAB de CV	35,787		194,023
Banco del Bajio SA (A)(C)	62,444		103,156
Cemex SAB de CV	1,051,474		409,208
Consorcio ARA SAB de CV	25,993		5,440

 

50

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Corp. Actinver SAB de CV	16,024	$	10,085
Credito Real SAB de CV	56,038		63,807
El Puerto de Liverpool SAB de CV, Series C1	13,794		75,562
Genomma Lab Internacional SAB de CV, Class B (B)	32,470		31,345
Gentera SAB de CV	115,192		95,497
Grupo Aeromexico SAB de CV (A)(B)	36,410		26,439
Grupo Carso SAB de CV, Series A1	62,150		182,350
Grupo Comercial Chedraui SA de CV	87,437		137,000
Grupo Elektra SAB de CV	3,332		236,046
Grupo Famsa SAB de CV, Class A (A)(B)	38,394		10,156
Grupo Financiero Banorte SAB de CV, Series O	183,982		991,605
Grupo Financiero Inbursa SAB de CV, Series O	271,448		345,947
Grupo Industrial Saltillo SAB de CV	60,034		69,483
Grupo KUO SAB de CV, Series B	51,692		127,017
Grupo Mexico SAB de CV, Series B	567,720		1,331,124
Grupo Pochteca SAB de CV (B)	9,600		3,216
Grupo Sanborns SAB de CV	135,592		158,033
Grupo Sports World SAB de CV (B)	9,300		8,483
Grupo Televisa SAB	82,906		162,459
Industrias Bachoco SAB de CV, Series B	7,921		34,796
Industrias CH SAB de CV, Series B (B)	38,925		161,744
Industrias Penoles SAB de CV	12,262		163,419
Minera Frisco SAB de CV, Series A1 (B)	112,423		22,047
Nemak SAB de CV (C)	122,637		55,309
Orbia Advance Corp. SAB de CV	77,826		152,544
Organizacion Cultiba SAB de CV	67,503		44,297
Organizacion Soriana SAB de CV, Series B	460,533		609,097
Promotora y Operadora de Infraestructura SAB de CV, L Shares	3,141		18,463
TV Azteca SAB de CV	265,273		13,039
Unifin Financiera SAB de CV (A)	21,575		39,533
Vitro SAB de CV, Series A	40,322		88,249
			6,660,818
Philippines - 2.0%
8990 Holdings, Inc.	76,300		22,155
Alliance Global Group, Inc.	657,000		138,133
Altus San Nicolas Corp. (B)(D)	11,509		1,151
Bank of the Philippine Islands	74,260		133,276
BDO Unibank, Inc.	190,647		525,980
Cebu Air, Inc.	67,130		116,567
China Banking Corp.	75,528		36,428
Cosco Capital, Inc.	467,000		58,796
DMCI Holdings, Inc.	144,200		23,123
East West Banking Corp. (B)	118,100		27,203
EEI Corp.	43,000		9,101
Empire East Land Holdings, Inc. (B)	994,000		8,618
Filinvest Development Corp.	119,475		29,948
Filinvest Land, Inc.	3,210,500		97,253
First Philippine Holdings Corp.	60,810		94,218
Global Ferronickel Holdings, Inc. (B)	283,424		9,022
GT Capital Holdings, Inc.	4,619		75,065
International Container Terminal Services, Inc.	8,100		18,849
JG Summit Holdings, Inc.	595,690		833,121
Lopez Holdings Corp.	424,600		35,966
LT Group, Inc.	159,800		42,969
Megaworld Corp.	1,589,700		134,072
Metropolitan Bank & Trust Company	115,906		153,081
Nickel Asia Corp.	533,320		40,750

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Philippines (continued)
Petron Corp.	750,700	$	72,437
Philex Mining Corp. (B)	161,300		11,715
Philippine National Bank (B)	93,610		78,691
Philtown Properties, Inc. (B)(D)	3,844		114
Phoenix Petroleum Philippines, Inc.	22,200		4,745
Premium Leisure Corp.	815,000		10,999
RFM Corp.	133,700		13,206
Rizal Commercial Banking Corp.	181,703		92,897
Robinsons Land Corp.	597,768		282,751
Robinsons Retail Holdings, Inc.	8,570		13,067
San Miguel Corp.	100,880		333,943
Security Bank Corp.	15,410		58,591
Top Frontier Investment Holdings, Inc. (B)	58,824		255,549
Travellers International Hotel Group, Inc.	120,800		12,625
Union Bank of the Philippines	79,780		90,969
Vista Land & Lifescapes, Inc.	983,900		146,553
			4,143,697
Poland - 1.0%
Alior Bank SA (B)	8,706		84,316
Amica SA	769		21,640
Asseco Poland SA	17,857		227,473
Bank Millennium SA (B)	24,574		34,990
Boryszew SA (B)	12,781		14,030
Develia SA	82,120		47,873
Enea SA (B)	24,198		51,894
Firma Oponiarska Debica SA	1,142		22,871
Grupa Azoty SA (B)	4,728		39,906
Grupa Kety SA	25		1,851
Grupa Lotos SA	8,608		190,148
Jastrzebska Spolka Weglowa SA	2,583		14,043
KGHM Polska Miedz SA (B)	15,387		307,124
Lubelski Wegiel Bogdanka SA	2,164		19,424
mBank SA (B)	756		65,525
Netia SA (B)	21,291		23,755
PGE Polska Grupa Energetyczna SA (B)	63,994		127,546
PKP Cargo SA	5,709		35,306
Polski Koncern Naftowy ORLEN SA	27,426		675,118
Stalexport Autostrady SA	15,820		12,812
Stalprodukt SA	243		14,426
Tauron Polska Energia SA (B)	106,161		40,981
			2,073,052
Russia - 2.2%
Gazprom PJSC, ADR (London Stock Exchange)	254,607		1,755,046
LUKOIL PJSC, ADR	31,284		2,584,130
RusHydro PJSC, ADR	74,896		60,646
VTB Bank PJSC, GDR	86,297		111,678
			4,511,500
Singapore - 0.0%
Grindrod Shipping Holdings, Ltd. (B)	2,852		15,799
Pacc Offshore Services Holdings, Ltd. (B)	4,398		318
			16,117
South Africa - 7.0%
Absa Group, Ltd.	90,035		909,344
Adcorp Holdings, Ltd.	26,009		35,275
AECI, Ltd.	25,200		159,721
African Oxygen, Ltd.	7,992		10,693
African Rainbow Minerals, Ltd.	18,216		169,427
Alexander Forbes Group Holdings, Ltd.	189,709		70,343
Alviva Holdings, Ltd.	28,091		29,376
AngloGold Ashanti, Ltd.	85,300		1,577,304
ArcelorMittal South Africa, Ltd. (B)	65,616		9,273

 

51

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Africa (continued)
Ascendis Health, Ltd. (B)	19,735	$	5,527
Aspen Pharmacare Holdings, Ltd.	28,458		161,753
Assore, Ltd.	5,884		99,327
Astral Foods, Ltd.	4,628		44,953
Aveng, Ltd. (B)	2,832,517		3,741
Balwin Properties, Ltd.	6,271		1,240
Barloworld, Ltd.	29,177		222,294
Blue Label Telecoms, Ltd. (B)	44,582		8,512
Caxton & CTP Publishers & Printers, Ltd.	32,910		15,391
Clover Industries, Ltd.	43,728		71,622
DataTec, Ltd.	12,913		28,446
Discovery, Ltd.	4,421		33,333
DRDGOLD, Ltd.	7,674		3,438
EOH Holdings, Ltd. (B)	24,231		19,205
Exxaro Resources, Ltd.	25,633		221,081
Gold Fields, Ltd., ADR	232,409		1,143,452
Grindrod, Ltd.	84,437		25,064
Harmony Gold Mining Company, Ltd. (B)	10,790		30,655
Hudaco Industries, Ltd.	6,513		45,117
Imperial Holdings, Ltd. (B)	28,993		99,831
Investec, Ltd.	28,733		151,201
Invicta Holdings, Ltd.	2,127		2,767
KAP Industrial Holdings, Ltd.	552,780		172,643
Lewis Group, Ltd.	23,713		49,789
Liberty Holdings, Ltd.	18,643		138,302
Life Healthcare Group Holdings, Ltd.	68,635		102,757
Long4Life, Ltd. (B)	31,563		8,596
Merafe Resources, Ltd.	394,983		26,028
Metair Investments, Ltd.	46,817		71,029
Momentum Metropolitan Holdings	162,536		199,946
Motus Holdings, Ltd.	9,545		43,340
Mpact, Ltd.	61,349		65,279
MTN Group, Ltd.	217,876		1,386,294
Murray & Roberts Holdings, Ltd.	233,005		203,098
Nampak, Ltd. (B)	184,260		115,522
Nedbank Group, Ltd.	46,298		693,738
Novus Holdings, Ltd.	30,686		5,733
Old Mutual, Ltd. (A)	210,031		268,036
Omnia Holdings, Ltd. (A)	43,526		71,707
Peregrine Holdings, Ltd.	27,974		32,317
Pioneer Foods Group, Ltd.	2,541		17,788
PPC, Ltd. (B)	332,814		88,257
Raubex Group, Ltd.	33,663		42,338
RCL Foods, Ltd.	35,643		22,666
Reunert, Ltd.	22,587		103,024
Sappi, Ltd.	61,862		153,240
Sasol, Ltd.	59,943		1,008,161
Sibanye Gold, Ltd. (B)	602,117		834,742
Standard Bank Group, Ltd.	190,859		2,201,971
Steinhoff International Holdings NV (A)(B)	999,171		64,690
Super Group, Ltd. (B)	97,676		178,812
Telkom SA SOC, Ltd.	62,599		291,822
Tongaat Hulett, Ltd. (B)(D)	15,397		12,087
Trencor, Ltd. (B)	56,829		113,565
Truworths International, Ltd.	4,729		16,552
Tsogo Sun Gaming, Ltd.	91,928		80,061
Wilson Bayly Holmes-Ovcon, Ltd.	10,053		94,895
			14,387,531
South Korea - 16.1%
AJ Networks Company, Ltd.	2,832		10,335
AK Holdings, Inc.	743		19,537
Asia Cement Company, Ltd.	32		2,481

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
ASIA Holdings Company, Ltd.	241	$	23,165
BNK Financial Group, Inc.	29,185		175,165
Bookook Securities Company, Ltd.	501		8,420
Busan City Gas Company, Ltd.	58		1,722
Byucksan Corp.	14,706		25,317
Chosun Refractories Company, Ltd.	643		46,176
CJ CheilJedang Corp.	1,034		202,473
CJ Corp.	1,898		130,004
CJ Hello Company, Ltd.	3,836		20,027
Cosmax BTI, Inc.	798		9,261
D.I. Corp.	4,680		12,612
Dae Dong Industrial Company, Ltd.	3,364		19,697
Dae Han Flour Mills Company, Ltd.	344		47,283
Dae Won Kang Up Company, Ltd.	4,385		14,425
Daehan Steel Company, Ltd.	3,888		20,861
Daelim Industrial Company, Ltd.	3,627		315,184
Daesang Corp.	2,028		37,706
Daesang Holdings Company, Ltd.	6,371		37,648
Daewon San Up Company, Ltd.	5,336		25,675
Daewoo Engineering & Construction Company, Ltd. (B)	17,971		72,541
Dahaam E-Tec Company, Ltd. (B)(D)	2,630		53,429
Daishin Securities Company, Ltd.	3,901		42,866
Daou Data Corp.	3,288		23,017
Daou Technology, Inc.	3,359		55,856
DB Financial Investment Company, Ltd.	10,502		39,831
DB Insurance Company, Ltd.	5,794		249,568
DGB Financial Group, Inc.	17,640		109,809
DI Dong Il Corp.	604		41,201
Dong A Eltek Company, Ltd.	3,101		19,458
Dongil Industries Company, Ltd.	400		18,851
Dongkuk Industries Company, Ltd.	14,391		30,292
Dongkuk Steel Mill Company, Ltd. (B)	6,404		34,752
Dongwha Enterprise Company, Ltd.	1,327		21,952
Dongwon Development Company, Ltd.	13,035		47,977
Dongwon Industries Company, Ltd.	176		31,538
Doosan Bobcat, Inc.	2,891		85,480
Doosan Corp.	612		54,221
Doosan Heavy Industries & Construction Company, Ltd. (B)	13,929		79,167
Doosan Infracore Company, Ltd. (A)(B)	39,769		209,270
DTR Automotive Corp.	1,591		40,546
e Tec E&C, Ltd.	188		12,018
Eagon Holdings Company, Ltd.	11,259		26,415
Easy Bio, Inc.	4,032		19,653
E-MART, Inc.	2,274		214,358
Eugene Corp.	6,888		27,936
Eugene Investment & Securities Company, Ltd.	11,471		20,555
Eusu Holdings Company, Ltd. (B)	1,407		8,606
Farmsco	2,687		12,718
GS Engineering & Construction Corp.	7,468		205,760
GS Global Corp.	7,813		15,624
GS Holdings Corp.	6,964		292,724
Gwangju Shinsegae Company, Ltd.	152		21,775
Halla Holdings Corp.	1,446		51,828
Hana Financial Group, Inc.	50,016		1,472,320
Hanil Cement Company, Ltd.	609		50,558
Hanil Holdings Company, Ltd.	595		24,785
Hanjin Transportation Company, Ltd.	878		22,821
Hankook Tire & Technology Company, Ltd.	9,820		264,381
Hanshin Construction Company, Ltd.	2,652		34,697
Hansol Holdings Company, Ltd. (B)	5,241		18,159
Hansol Paper Company, Ltd.	2,920		37,600

 

52

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Hanwha Aerospace Company, Ltd. (B)	2,248	$	79,171
Hanwha Chemical Corp.	11,907		178,613
Hanwha Corp.	5,442		114,742
Hanwha General Insurance Company, Ltd.	5,427		13,649
Hanwha Investment & Securities Company, Ltd. (B)	15,071		26,553
Hanwha Life Insurance Company, Ltd.	43,282		86,098
Harim Holdings Company, Ltd.	2,823		22,221
HDC Holdings Company, Ltd.	12,858		138,572
Heungkuk Fire & Marine Insurance Company, Ltd. (B)	6,321		16,897
Huvis Corp.	3,715		19,152
Hyundai BNG Steel Company, Ltd.	3,816		28,772
Hyundai Construction Equipment Company, Ltd.	4,013		105,973
Hyundai Corp.	1,339		22,232
Hyundai Corp. Holdings, Inc.	1,811		23,800
Hyundai Department Store Company, Ltd.	1,430		93,301
Hyundai Electric & Energy System Company, Ltd. (B)	2,395		22,436
Hyundai Engineering & Construction Company, Ltd.	7,065		272,888
Hyundai Greenfood Company, Ltd.	5,234		51,133
Hyundai Heavy Industries Holdings Company, Ltd.	1,124		327,995
Hyundai Home Shopping Network Corp.	652		49,850
Hyundai Hy Communications & Network Company, Ltd.	8,894		27,285
Hyundai Livart Furniture Company, Ltd.	1,327		15,179
Hyundai Marine & Fire Insurance Company, Ltd.	8,489		187,166
Hyundai Mipo Dockyard Company, Ltd.	3,528		132,906
Hyundai Mobis Company, Ltd.	6,438		1,354,832
Hyundai Motor Company	16,193		1,813,048
Hyundai Motor Securities Company, Ltd.	5,956		52,734
Hyundai Steel Company	12,021		390,539
Hyundai Wia Corp.	1,149		48,931
Industrial Bank of Korea	37,892		418,005
Interpark Holdings Corp.	5,387		10,532
Inzi Controls Company, Ltd.	1,539		6,638
Iones Company, Ltd. (B)	2,017		8,733
IS Dongseo Company, Ltd.	770		19,352
JB Financial Group Company, Ltd.	41,127		193,203
Jeil Savings Bank (B)(D)	1,820		0
KB Financial Group, Inc.	22,097		788,675
KB Financial Group, Inc., ADR	43,651		1,559,214
KC Company, Ltd.	3,208		35,512
KCC Corp.	413		75,237
KG Chemical Corp.	1,543		14,761
KG Eco Technology Service Company, Ltd.	13,709		35,741
Kia Motors Corp.	32,179		1,226,893
KISCO Corp.	4,131		16,846
KISCO Holdings Company, Ltd.	2,512		26,331
KISWIRE, Ltd.	1,351		26,851
KIWOOM Securities Company, Ltd.	1,432		81,099
Kolon Corp.	898		12,082
Kolon Industries, Inc.	2,219		77,532
Korea Asset In Trust Company, Ltd.	8,237		23,221
Korea Electric Terminal Company, Ltd.	561		21,670
Korea Investment Holdings Company, Ltd.	2,059		129,356
Korea Line Corp. (B)	2,569		47,443

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Korea Petrochemical Industrial Company, Ltd.	441	$	46,943
Korea Shipbuilding & Offshore Engineering Company, Ltd. (B)	3,823		395,776
Korean Air Lines Company, Ltd.	4,072		77,944
Korean Reinsurance Company	9,470		63,402
Kortek Corp.	1,806		18,943
KPX Chemical Company, Ltd.	933		42,389
KSS LINE, Ltd.	5,242		30,958
KT Skylife Company, Ltd.	1,768		13,369
KTB Investment & Securities Company, Ltd. (B)	8,806		18,236
Kukdo Chemical Company, Ltd.	308		11,517
Kumho Tire Company, Inc. (B)	7,054		25,354
Kyeryong Construction Industrial Company, Ltd.	1,547		28,739
Kyungbang Company, Ltd.	5,320		43,543
LF Corp.	2,312		39,055
LG Corp.	9,914		579,852
LG Display Company, Ltd., ADR (A)(B)	121,621		723,645
LG Electronics, Inc.	16,836		947,827
LG Hausys, Ltd.	659		33,203
LG International Corp.	2,902		41,593
LG Uplus Corp.	13,630		155,307
Lotte Chemical Corp.	2,605		513,739
Lotte Chilsung Beverage Company, Ltd.	305		35,272
Lotte Corp.	1,347		40,783
Lotte Fine Chemical Company, Ltd.	1,849		70,422
Lotte Food Company, Ltd.	34		12,495
Lotte Himart Company, Ltd.	1,006		25,240
Lotte Non-Life Insurance Company, Ltd. (B)	5,459		9,664
Lotte Shopping Company, Ltd.	1,153		124,182
LS Corp.	1,793		71,060
Meritz Financial Group, Inc.	4,707		50,520
Meritz Fire & Marine Insurance Company, Ltd.	1,385		22,097
Meritz Securities Company, Ltd.	38,783		163,489
Mirae Asset Daewoo Company, Ltd.	38,700		242,328
Mirae Asset Life Insurance Company, Ltd.	30,202		109,120
MK Electron Company, Ltd.	5,670		37,661
Moorim Paper Company, Ltd.	9,074		20,156
Muhak Company, Ltd.	2,080		16,166
Namyang Dairy Products Company, Ltd.	58		23,809
Nexen Corp.	3,733		18,308
Nexen Tire Corp.	6,465		48,823
NH Investment & Securities Company, Ltd.	17,050		180,816
NHN Corp. (B)	408		21,253
Nong Shim Holdings Company, Ltd.	545		40,356
NongShim Company, Ltd.	255		53,144
NOROO Paint & Coatings Company, Ltd.	3,102		19,433
NS Shopping Company, Ltd.	1,078		8,800
OCI Company, Ltd.	2,222		129,033
Orange Life Insurance, Ltd. (C)	2,492		56,298
Orion Holdings Corp.	2,756		36,630
Pan Ocean Company, Ltd. (B)	26,446		100,948
Poonglim Industrial Company, Ltd. (B)(D)	189		13
Poongsan Corp.	2,423		45,118
Poongsan Holdings Corp.	1,404		40,849
POSCO	14,137		2,679,780
Posco International Corp.	5,969		95,320

 

53

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
S&T Dynamics Company, Ltd.	2,942	$	15,083
S&T Holdings Company, Ltd.	3,156		39,446
S&T Motiv Company, Ltd.	693		31,437
Sajo Industries Company, Ltd.	611		21,725
Sam Young Electronics Company, Ltd.	938		7,271
Sambo Motors Company, Ltd.	2,520		11,436
Samho Development Company, Ltd.	4,213		15,862
Sammok S-Form Company, Ltd.	1,315		10,924
Samsung C&T Corp.	5,166		387,059
Samsung Card Company, Ltd.	3,308		97,146
Samsung Fire & Marine Insurance Company, Ltd.	2,407		448,481
Samsung Heavy Industries Company, Ltd. (B)	32,261		212,187
Samsung Life Insurance Company, Ltd.	9,699		576,362
Samsung Securities Company, Ltd.	6,247		184,316
SAMT Company, Ltd.	11,604		20,764
Samyang Corp.	258		10,637
Samyang Holdings Corp.	535		26,823
SAVEZONE I&C Corp.	6,270		17,639
SeAH Holdings Corp.	204		14,000
Sebang Company, Ltd.	1,153		11,518
Sebang Global Battery Company, Ltd.	921		30,163
Sejong Industrial Company, Ltd.	1,547		5,846
Shindaeyang Paper Company, Ltd.	267		14,451
Shinhan Financial Group Company, Ltd., ADR (A)	81,864		2,864,421
Shinsegae Engineering & Construction Company, Ltd.	621		13,038
Shinsegae, Inc.	878		192,375
Shinyoung Securities Company, Ltd.	970		45,096
Silla Company, Ltd.	1,581		17,574
SIMMTECH Company, Ltd.	2,347		17,813
Sindoh Company, Ltd.	1,086		36,048
SK Chemicals Company, Ltd.	325		12,306
SK Discovery Company, Ltd.	1,496		27,446
SK Gas, Ltd.	597		37,106
SK Holdings Company, Ltd.	2,806		478,324
SK Innovation Company, Ltd.	8,221		1,138,383
SK Networks Company, Ltd.	21,423		99,509
SKC Company, Ltd.	2,315		77,015
Ssangyong Motor Company (B)	4,060		9,733
Sun Kwang Company, Ltd.	1,162		15,061
Sungshin Cement Company, Ltd.	3,637		27,545
Sungwoo Hitech Company, Ltd.	2,984		9,535
Sunjin Company, Ltd.	2,276		20,624
Taekwang Industrial Company, Ltd.	102		96,335
Taeyoung Engineering & Construction Company, Ltd.	2,307		25,623
The LEADCORP, Inc.	7,284		38,084
Tongyang Life Insurance Company, Ltd.	7,644		24,392
Tovis Company, Ltd.	1,305		7,078
TS Corp.	1,935		33,858
Unid Company, Ltd.	746		28,602
Wonik Holdings Company, Ltd. (B)	5,948		21,036
Woongjin Thinkbig Company, Ltd. (B)	5,538		11,098
Woori Financial Group, Inc.	90,830		944,165
YeaRimDang Publishing Company, Ltd. (B)	4,078		13,072
Youlchon Chemical Company, Ltd.	1,237		14,702
Young Poong Corp.	21		10,665
Youngone Corp.	805		24,004
Youngone Holdings Company, Ltd.	920		36,449
Yuanta Securities Korea Company, Ltd. (B)	11,703		26,186

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Zeus Company, Ltd.	1,798	$	17,598
			33,216,877
Spain - 0.2%
Banco Santander SA (Mexican Stock Exchange)	91,699		373,134
Taiwan - 16.6%
Acer, Inc.	256,452		147,086
ACES Electronic Company, Ltd.	54,000		40,429
Advanced International Multitech Company, Ltd.	13,000		16,975
Advancetek Enterprise Company, Ltd.	57,186		29,123
AGV Products Corp. (B)	87,716		19,818
Allis Electric Company, Ltd.	36,050		19,639
AmTRAN Technology Company, Ltd. (B)	53,000		19,742
Apacer Technology, Inc.	11,000		11,202
APCB, Inc.	37,000		32,312
Apex International Company, Ltd.	7,000		9,471
Ardentec Corp.	12,000		10,778
Asia Cement Corp.	265,805		370,978
Asia Polymer Corp.	47,253		22,761
Asia Tech Image, Inc.	12,000		17,781
Asia Vital Components Company, Ltd.	48,328		59,193
Asustek Computer, Inc.	70,000		465,839
AU Optronics Corp., ADR (A)	194,079		477,426
Audix Corp.	31,000		37,519
AVY Precision Technology, Inc. (B)	24,498		25,867
BES Engineering Corp.	227,700		56,912
Capital Securities Corp.	405,403		115,153
Career Technology MFG. Company, Ltd.	37,000		43,597
Casetek Holdings, Ltd.	14,000		23,814
Catcher Technology Company, Ltd.	96,000		726,730
Cathay Financial Holding Company, Ltd.	1,030,000		1,357,595
Cathay Real Estate Development Company, Ltd.	46,400		30,651
Central Reinsurance Company, Ltd.	31,500		18,371
Champion Building Materials Company, Ltd. (B)	65,132		13,644
Chang Hwa Commercial Bank, Ltd.	854,394		596,000
CHC Healthcare Group	29,000		40,568
Chen Full International Company, Ltd.	15,000		17,488
Cheng Loong Corp.	68,320		39,277
Cheng Uei Precision Industry Company, Ltd.	56,629		63,501
Chien Kuo Construction Company, Ltd.	72,000		23,210
Chilisin Electronics Corp.	18,000		48,626
China Airlines, Ltd.	264,910		77,520
China Bills Finance Corp.	275,000		131,641
China Chemical & Pharmaceutical Company, Ltd.	34,000		20,553
China Development Financial Holding Corp.	1,286,208		383,081
China General Plastics Corp.	34,000		21,768
China Life Insurance Company, Ltd. (B)	251,719		199,565
China Man-Made Fiber Corp.	171,552		45,087
China Metal Products Company, Ltd.	42,513		41,744
China Motor Corp.	118,125		94,010
China Petrochemical Development Corp.	275,677		88,776
China Steel Corp.	2,263,180		1,677,602
China Wire & Cable Company, Ltd. (B)	26,380		17,508
Chin-Poon Industrial Company, Ltd.	43,571		44,450
ChipMOS Technologies, Inc.	55,938		56,923
Chun Yuan Steel Industry Company, Ltd.	234,874		76,838
Chung Hung Steel Corp.	38,625		12,126
Chung Hwa Pulp Corp.	179,977		53,458

 

54

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Chung-Hsin Electric & Machinery Manufacturing Corp.	75,500	$	49,153
CMC Magnetics Corp. (B)(D)	99,000		26,303
Compal Electronics, Inc.	481,000		277,512
Compeq Manufacturing Company, Ltd.	111,000		124,369
Continental Holdings Corp.	74,050		34,006
Coretronic Corp.	53,000		63,655
Creative Sensor, Inc.	45,000		31,616
CTBC Financial Holding Company, Ltd.	2,278,348		1,512,338
DA CIN Construction Company, Ltd.	20,000		13,148
Darfon Electronics Corp.	16,000		20,320
Darwin Precisions Corp.	37,000		20,919
Delpha Construction Company, Ltd.	25,261		13,068
Depo Auto Parts Industrial Company, Ltd.	21,000		42,430
Dynamic Electronics Company, Ltd. (B)	159,762		65,687
Dynapack International Technology Corp.	10,000		16,942
E.Sun Financial Holding Company, Ltd.	71,002		60,063
Edom Technology Company, Ltd.	34,000		19,612
Elite Semiconductor Memory Technology, Inc.	35,000		37,184
Elitegroup Computer Systems Company, Ltd. (B)	65,104		26,422
EnTie Commercial Bank Company, Ltd.	103,000		49,096
Epistar Corp. (B)	119,312		93,121
Eva Airways Corp.	287,715		126,544
Everest Textile Company, Ltd. (B)	98,085		31,916
Evergreen International Storage & Transport Corp.	85,600		37,796
Evergreen Marine Corp. Taiwan, Ltd. (B)	451,637		189,278
Everlight Chemical Industrial Corp.	83,250		43,726
Everlight Electronics Company, Ltd.	136,000		122,070
Excelsior Medical Company, Ltd.	24,695		41,387
Far Eastern Department Stores, Ltd.	212,720		163,862
Far Eastern International Bank	405,171		156,723
Far Eastern New Century Corp.	408,249		376,490
Farglory Land Development Company, Ltd.	44,530		52,474
First Financial Holding Company, Ltd.	677,781		475,949
First Steamship Company, Ltd.	77,807		30,978
Formosa Advanced Technologies Company, Ltd.	25,000		27,449
Formosa Chemicals & Fibre Corp.	107,000		299,152
Formosa Laboratories, Inc.	18,257		19,595
Formosa Taffeta Company, Ltd.	67,000		72,995
Formosan Rubber Group, Inc.	33,020		19,164
Formosan Union Chemical	144,013		60,362
Founding Construction & Development Company, Ltd.	81,566		41,544
Foxconn Technology Company, Ltd.	96,626		201,510
Froch Enterprise Company, Ltd.	33,060		13,968
Fubon Financial Holding Company, Ltd.	1,126,417		1,617,216
Fulgent Sun International Holding Company, Ltd.	12,676		36,249
Fulltech Fiber Glass Corp.	45,000		20,285
Fwusow Industry Company, Ltd.	26,752		15,473
G Shank Enterprise Company, Ltd.	40,535		31,356
General Interface Solution Holding, Ltd.	12,000		40,427
Gigabyte Technology Company, Ltd.	43,000		68,771
Global Brands Manufacture, Ltd.	40,806		22,297
Global Lighting Technologies, Inc.	16,000		37,950
Globe Union Industrial Corp.	51,750		27,603
Gloria Material Technology Corp.	100,684		65,375
Gold Circuit Electronics, Ltd. (B)	44,000		19,575

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Goldsun Building Materials Company, Ltd.	188,714	$	55,146
Grand Ocean Retail Group, Ltd.	13,000		12,778
Grand Pacific Petrochemical (B)	77,000		44,946
Great China Metal Industry	33,000		25,367
Great Wall Enterprise Company, Ltd.	29,755		36,144
Hannstar Board Corp.	37,492		49,240
HannStar Display Corp.	320,842		66,112
Hey Song Corp.	83,000		83,735
Ho Tung Chemical Corp.	150,399		34,222
Hon Hai Precision Industry Company, Ltd.	1,173,448		2,768,890
Hong Pu Real Estate Development Company, Ltd.	27,000		17,887
Hong YI Fiber Industry Company	67,000		38,980
Hsing TA Cement Company, Ltd.	38,000		21,418
HUA ENG Wire & Cable Company, Ltd. (B)	117,000		36,818
Hua Nan Financial Holdings Company, Ltd.	426,905		288,151
Hung Sheng Construction, Ltd. (B)	66,000		42,320
IBF Financial Holdings Company, Ltd.	616,807		212,729
Innolux Corp. (A)	1,168,561		248,476
International CSRC Investment Holdings Company	124,383		130,483
Jarllytec Company, Ltd.	16,000		34,873
Jih Sun Financial Holdings Company, Ltd.	486,330		154,802
Jinli Group Holdings, Ltd.	60,857		26,083
King Yuan Electronics Company, Ltd.	227,796		255,802
King's Town Bank Company, Ltd. (A)	200,000		198,824
King's Town Construction Company, Ltd. (B)	7,300		6,584
Kinpo Electronics, Inc.	183,269		63,174
Kinsus Interconnect Technology Corp.	22,000		29,673
Kuo Toong International Company, Ltd. (B)	18,000		10,722
Kwong Fong Industries Corp.	20,878		9,389
L&K Engineering Company, Ltd.	56,000		44,948
Lealea Enterprise Company, Ltd.	132,124		39,140
Li Peng Enterprise Company, Ltd.	118,030		26,596
Lida Holdings, Ltd.	4,640		6,147
Lingsen Precision Industries, Ltd. (B)	139,481		41,372
Longchen Paper & Packaging Company, Ltd.	129,928		57,157
Macronix International	129,000		130,897
Mega Financial Holding Company, Ltd.	1,020,472		945,282
Mercuries & Associates Holding, Ltd. (B)	100,469		61,179
Mercuries Life Insurance Company, Ltd. (B)	50,998		17,511
Mitac Holdings Corp.	185,711		156,481
MPI Corp.	22,000		44,396
Nan Ya Printed Circuit Board Corp. (B)	19,000		30,989
Nanya Technology Corp.	148,000		384,413
Nien Hsing Textile Company, Ltd.	45,310		33,282
Nishoku Technology, Inc.	7,800		11,689
O-Bank Company, Ltd. (B)	48,000		11,861
OptoTech Corp.	68,439		55,333
Pacific Construction Company	38,289		14,130
Pan-International Industrial Corp.	44,481		33,628
Pegatron Corp.	250,660		436,253
Pou Chen Corp.	283,348		363,227
President Securities Corp.	218,845		91,278
Prince Housing & Development Corp.	405,555		143,771

 

55

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Prodisc Technology, Inc. (B)(D)	762,000	$	0
Qisda Corp.	210,280		143,228
Qualipoly Chemical Corp.	20,448		18,027
Quintain Steel Company, Ltd.	53,200		11,354
Radium Life Tech Company, Ltd.	65,621		24,856
Ruentex Development Company, Ltd. (B)	32,562		43,556
Ruentex Industries, Ltd. (B)	33,000		71,187
Sampo Corp.	43,470		25,556
Sesoda Corp.	39,734		33,036
Shan-Loong Transportation Company, Ltd.	34,000		32,436
Sheng Yu Steel Company, Ltd.	59,000		38,009
ShenMao Technology, Inc.	8,000		5,934
Shihlin Electric & Engineering Corp.	21,000		31,099
Shin Kong Financial Holding Company, Ltd. (A)(B)	1,672,768		506,171
Shining Building Business Company, Ltd. (B)	55,118		19,634
Shinkong Insurance Company, Ltd.	34,000		40,977
Shinkong Synthetic Fibers Corp.	132,239		48,525
Sigurd Microelectronics Corp.	46,293		49,370
Sinher Technology, Inc.	8,000		10,808
Sinon Corp.	71,650		42,851
SinoPac Financial Holdings Company, Ltd.	1,513,931		590,294
Sirtec International Company, Ltd.	44,800		45,582
Siward Crystal Technology Company, Ltd.	49,213		31,648
Sunplus Technology Company, Ltd. (B)	58,000		26,452
Sunrex Technology Corp.	38,678		43,760
Sunspring Metal Corp.	26,000		25,178
Supreme Electronics Company, Ltd.	12,000		11,214
Sweeten Real Estate Development Company, Ltd.	38,470		28,636
Synnex Technology International Corp.	106,000		123,971
Ta Ya Electric Wire & Cable	89,893		30,559
Taichung Commercial Bank Company, Ltd.	402,038		153,493
Taiflex Scientific Company, Ltd.	24,100		33,048
Tainan Spinning Company, Ltd.	326,638		118,424
Taishin Financial Holding Company, Ltd.	910,177		406,192
Taita Chemical Company, Ltd.	62,220		22,273
Taiwan Business Bank	493,884		202,847
Taiwan Cement Corp.	769,815		983,596
Taiwan Chinsan Electronic Industrial Company, Ltd.	14,000		15,515
Taiwan Cooperative Financial Holding Company, Ltd.	989,025		653,201
Taiwan Fertilizer Company, Ltd.	65,000		95,319
Taiwan Fire & Marine Insurance Company, Ltd.	59,000		38,511
Taiwan FU Hsing Industrial Company, Ltd.	31,000		44,005
Taiwan Glass Industry Corp.	267,319		100,374
Taiwan Hon Chuan Enterprise Company, Ltd.	63,000		112,329
Taiwan Hopax Chemicals Manufacturing Company, Ltd.	40,200		24,675
Taiwan Kolin Company, Ltd. (B)(D)	327,000		0
Taiwan PCB Techvest Company, Ltd.	49,000		56,712
Taiwan Surface Mounting Technology Corp.	33,225		78,684
Taiyen Biotech Company, Ltd.	26,137		27,413
Tatung Company, Ltd. (B)	69,000		37,832

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Teco Electric & Machinery Company, Ltd.	132,000	$	106,403
The Ambassador Hotel	29,000		20,196
The First Insurance Company, Ltd.	78,475		36,040
Thye Ming Industrial Company, Ltd.	31,000		31,075
Ton Yi Industrial Corp.	119,000		45,454
Tong Yang Industry Company, Ltd.	30,627		46,293
Tong-Tai Machine & Tool Company, Ltd.	65,588		35,832
Topoint Technology Company, Ltd.	63,190		40,014
TPK Holding Company, Ltd. (B)	29,000		52,262
Tsann Kuen Enterprise Company, Ltd.	7,000		3,870
Tung Ho Steel Enterprise Corp.	152,000		105,566
TXC Corp.	67,000		84,151
TYC Brother Industrial Company, Ltd.	15,511		15,656
Tycoons Group Enterprise (B)	30,371		6,147
U-Ming Marine Transport Corp.	67,000		72,449
Unimicron Technology Corp.	152,000		213,884
Union Bank of Taiwan (B)	400,927		135,028
Unitech Printed Circuit Board Corp.	146,194		166,576
United Microelectronics Corp.	1,910,794		819,343
United Renewable Energy Company, Ltd. (B)	246,651		65,025
Universal Cement Corp.	27,483		16,475
UPC Technology Corp.	177,751		60,740
USI Corp.	208,996		86,907
Victory New Materials, Ltd., Company	43,494		23,209
Wah Lee Industrial Corp.	40,000		68,186
Walsin Lihwa Corp.	268,000		125,229
Walton Advanced Engineering, Inc.	72,584		21,985
Wan Hai Lines, Ltd.	112,050		65,957
Weikeng Industrial Company, Ltd.	25,000		14,660
Well Shin Technology Company, Ltd.	15,000		23,920
Winbond Electronics Corp.	754,793		434,027
Wintek Corp. (B)(D)	543,000		0
Wisdom Marine Lines Company, Ltd. (B)	45,274		43,779
Wistron Corp.	393,291		317,397
WPG Holdings, Ltd.	180,400		221,930
WT Microelectronics Company, Ltd.	50,174		62,661
YC Company, Ltd.	122,324		46,306
YC INOX Company, Ltd.	59,800		50,511
Yea Shin International Development Company, Ltd.	20,906		11,549
Yeong Guan Energy Technology Group Company, Ltd. (B)	13,000		22,749
YFY, Inc.	441,202		165,618
Yi Jinn Industrial Company, Ltd.	73,613		33,084
Yieh Phui Enterprise Company, Ltd.	398,900		117,237
Youngtek Electronics Corp.	27,000		36,339
Yuanta Financial Holding Company, Ltd.	1,338,319		798,568
Yuen Chang Stainless Steel Company, Ltd.	19,007		12,745
Yulon Motor Company, Ltd.	125,000		79,187
Zenitron Corp.	45,000		30,961
Zhen Ding Technology Holding, Ltd.	44,000		157,498
Zig Sheng Industrial Company, Ltd.	152,908		42,330
			34,132,286
Thailand - 3.0%
AAPICO Hitech PCL	144,720		84,741
AJ Plast PCL	43,100		11,833
AP Thailand PCL	223,670		49,388
Asia Aviation PCL, NVDR (B)	109,300		10,873
Bangchak Corp. PCL	61,000		54,340
Bangkok Airways PCL	163,500		46,485

 

56

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
Bangkok Bank PCL	12,800	$	73,608
Bangkok Bank PCL, NVDR	5,300		30,064
Bangkok Insurance PCL	3,250		34,119
Bangkok Land PCL	1,059,200		50,919
Bangkok Life Assurance PCL, NVDR	55,200		36,653
Bangkok Ranch PCL	92,300		8,690
Bank of Ayudhya PCL, NVDR	2,900		3,151
Banpu PCL, Foreign Quota Shares	401,300		154,855
Cal-Comp Electronics Thailand PCL	544,898		29,923
Charoen Pokphand Foods PCL, Foreign Quota Shares	343,000		294,501
Esso Thailand PCL	84,000		22,089
Hana Microelectronics PCL	54,900		50,765
IRPC PCL, Foreign Quota Shares	943,100		113,413
Italian-Thai Development PCL	477,400		29,497
Kasikornbank PCL, NVDR	180,200		922,242
Khon Kaen Sugar Industry PCL	192,600		15,100
Kiatnakin Bank PCL	19,400		41,856
Krung Thai Bank PCL, Foreign Quota Shares	265,400		149,386
LH Financial Group PCL	1,203,600		52,758
LPN Development PCL	52,900		9,780
MCOT PCL (B)	42,500		14,039
Millcon Steel PCL	143,086		4,026
Polyplex Thailand PCL	104,000		47,933
Precious Shipping PCL (B)	39,300		11,039
Pruksa Holding PCL	78,800		43,012
PTT Exploration & Production PCL, Foreign Quota Shares	102,700		406,507
PTT Global Chemical PCL, Foreign Quota Shares	291,800		513,132
PTT PCL, Foreign Quota Shares	733,400		1,109,130
Quality Houses PCL	370,100		31,970
Regional Container Lines PCL (B)	94,200		12,574
Rojana Industrial Park PCL	113,100		24,576
Saha-Union PCL	57,800		82,182
Sansiri PCL	1,026,866		40,300
SC Asset Corp. PCL	672,196		56,232
Siam Future Development PCL	167,749		32,096
Somboon Advance Technology PCL	51,300		28,208
Sri Trang Agro-Industry PCL	60,900		20,493
Srithai Superware PCL	283,000		7,959
Star Petroleum Refining PCL	153,100		46,567
STP & I PCL	21,600		4,592
Supalai PCL	105,700		62,224
Super Energy Corp. PCL (B)	743,000		15,070
SVI PCL	121,000		18,133
Syntec Construction PCL	156,500		10,328
Thai Airways International PCL (B)	61,300		18,231
Thai Oil PCL, Foreign Quota Shares	124,800		284,641
Thai Stanley Electric PCL	700		4,157
Thanachart Capital PCL	37,300		69,542
The Siam Commercial Bank PCL, Foreign Quota Shares	137,300		529,910
Thitikorn PCL	59,000		18,800
TMB Bank PCL, Foreign Quota Shares	788,500		40,460
TPI Polene PCL	559,900		28,009
True Corp. PCL, Foreign Quota Shares	905,400		155,329
Univentures PCL	51,700		10,318
Vinythai PCL	9,700		7,803
			6,190,551
Turkey - 1.0%
Akbank T.A.S. (A)(B)	287,261		412,227
Cimsa Cimento Sanayi ve Ticaret AS (B)	5,786		7,643
Eczacibasi Yatirim Holding Ortakligi AS	1		1

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Turkey (continued)
Enka Insaat ve Sanayi AS	63,349	$	63,395
Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (B)(D)	54,846		918
Gozde Girisim Sermayesi Yatirim Ortakligi AS (B)	35,592		21,327
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D	77,523		30,535
NET Holding AS (B)	40,130		12,783
Trakya Cam Sanayii AS	83,945		44,089
Turk Hava Yollari AO (A)(B)	80,925		177,092
Turkiye Garanti Bankasi AS (B)	427,322		771,561
Turkiye Halk Bankasi AS (B)	56,201		65,184
Turkiye Is Bankasi AS, Class C (B)	131,554		145,721
Turkiye Sinai Kalkinma Bankasi AS (B)	360,509		60,602
Turkiye Sise ve Cam Fabrikalari AS	13,576		11,216
Turkiye Vakiflar Bankasi TAO, Class D (B)	91,535		83,733
Uzel Makina Sanayii AS (B)(D)	22,930		0
Yapi ve Kredi Bankasi AS (B)	254,969		108,581
			2,016,608
Ukraine - 0.1%
Kernel Holding SA	9,824		107,828
United States - 0.0%
Nexteer Automotive Group, Ltd.	6,000		4,955
TOTAL COMMON STOCKS (Cost $225,740,840)		$	198,174,145
PREFERRED SECURITIES - 2.5%
Brazil - 2.4%
Banco ABC Brasil SA	9,474		40,815
Banco Bradesco SA	18,757		153,128
Banco do Estado do Rio Grande do Sul SA, B Shares	30,800		167,160
Cia Ferro Ligas da Bahia	5,956		25,946
Eucatex SA Industria e Comercio	4,200		4,650
Gerdau SA	120,676		382,218
Marcopolo SA	17,700		13,845
Petroleo Brasileiro SA	608,477		4,034,595
Usinas Siderurgicas de Minas Gerais SA, A Shares	15,010		28,214
			4,850,571
Colombia - 0.1%
Grupo Argos SA	23,975		93,420
Grupo de Inversiones Suramericana SA	17,025		143,734
			237,154
Panama - 0.0%
Avianca Holdings SA	41,390		18,078
South Korea - 0.0%
CJ Corp. (B)	285		14,296
TOTAL PREFERRED SECURITIES (Cost $4,646,006)		$	5,120,099
WARRANTS - 0.0%
Medco Energi Internasional Tbk PT (Expiration Date: 12-14-20; Strike Price: IDR 625.00) (B)	983,733		10,395
TOTAL WARRANTS (Cost $0)		$	10,395
RIGHTS - 0.0%
TMB Bank PCL (Expiration Date: 12-31-49; Strike Price: THB 1.40) (B)	545,851		3,034
TOTAL RIGHTS (Cost $0)		$	3,034

 

57

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
SECURITIES LENDING COLLATERAL - 1.8%
John Hancock Collateral Trust, 2.1169% (E)(F)	372,570	$	3,728,195
TOTAL SECURITIES LENDING COLLATERAL (Cost $3,728,187)		$	3,728,195
Total Investments (Emerging Markets Value Trust) (Cost $234,115,033) - 100.5%		$	207,035,868
Other assets and liabilities, net - (0.5%)			(975,284)
TOTAL NET ASSETS - 100.0%		$	206,060,584

Currency Abbreviations
IDR	Indonesian Rupiah
THB	Thai Bhat
Security Abbreviations and Legend
ADR	American Depositary Receipt

Emerging Markets Value Trust (continued)

GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $3,553,582.
(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 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Mini MSCI Emerging Markets Index Futures	26	Long	Dec 2019	$1,340,032	$1,302,080	$(37,952)
						$(37,952)

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

Equity Income Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 95.7%
Communication services – 6.3%
Diversified telecommunication services – 2.8%
AT&T, Inc.	104,312	$	3,947,166
CenturyLink, Inc.	165,252		2,062,345
Telefonica SA	996,842		7,617,012
Verizon Communications, Inc.	521,819		31,496,995
			45,123,518
Entertainment – 0.4%
The Walt Disney Company	54,766		7,137,105
Media – 3.1%
Comcast Corp., Class A	431,961		19,472,802
Fox Corp., Class B	493,066		15,551,302
News Corp., Class A	974,772		13,568,826
			48,592,930
			100,853,553
Consumer discretionary – 2.2%
Hotels, restaurants and leisure – 1.0%
Las Vegas Sands Corp.	248,071		14,328,581
MGM Resorts International	88,200		2,444,904
			16,773,485
Leisure products – 0.4%
Mattel, Inc. (A)(B)	570,198		6,494,555
Multiline retail – 0.5%
Kohl's Corp.	160,500		7,970,430
Specialty retail – 0.3%
L Brands, Inc.	214,693		4,205,836
			35,444,306
Consumer staples – 8.1%

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages – 0.1%
PepsiCo, Inc.	14,653	$	2,008,926
Food and staples retailing – 0.8%
Walmart, Inc.	112,306		13,328,476
Food products – 3.8%
Bunge, Ltd.	136,400		7,722,968
Conagra Brands, Inc.	650,358		19,952,983
Kellogg Company	49,679		3,196,844
Tyson Foods, Inc., Class A	339,528		29,246,942
			60,119,737
Household products – 1.8%
Kimberly-Clark Corp.	195,011		27,701,313
Tobacco – 1.6%
Philip Morris International, Inc.	337,481		25,624,932
			128,783,384
Energy – 9.0%
Oil, gas and consumable fuels – 9.0%
Chevron Corp.	77,922		9,241,549
Equitrans Midstream Corp.	126,076		1,834,406
Exxon Mobil Corp.	421,719		29,777,579
Hess Corp.	75,023		4,537,391
Occidental Petroleum Corp.	441,165		19,618,608
Pioneer Natural Resources Company	65,000		8,175,050
Targa Resources Corp. (B)	118,300		4,752,111
TC Energy Corp.	565,717		29,298,483
TOTAL SA	683,506		35,587,935
			142,823,112
Financials – 22.8%
Banks – 11.3%
Bank of America Corp.	35,072		1,023,050

 

58

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Citigroup, Inc.	158,626	$	10,957,884
Fifth Third Bancorp	785,359		21,503,129
JPMorgan Chase & Co.	425,656		50,095,455
The PNC Financial Services Group, Inc.	120,100		16,833,216
U.S. Bancorp	347,790		19,246,699
Wells Fargo & Company	1,184,989		59,770,844
			179,430,277
Capital markets – 4.2%
Ameriprise Financial, Inc.	7,300		1,073,830
Franklin Resources, Inc.	324,200		9,356,412
Morgan Stanley	630,455		26,901,515
Northern Trust Corp.	50,772		4,738,043
State Street Corp.	340,338		20,144,606
The Bank of New York Mellon Corp.	108,624		4,910,891
			67,125,297
Diversified financial services – 0.3%
AXA Equitable Holdings, Inc.	200,837		4,450,548
Insurance – 7.0%
American International Group, Inc.	499,677		27,832,009
Brighthouse Financial, Inc. (A)	101,519		4,108,474
Chubb, Ltd.	188,944		30,503,119
Loews Corp.	268,640		13,829,587
Marsh & McLennan Companies, Inc.	58,400		5,842,920
MetLife, Inc.	433,761		20,456,169
Willis Towers Watson PLC (B)	47,889		9,241,140
			111,813,418
			362,819,540
Health care – 11.8%
Biotechnology – 1.5%
AbbVie, Inc.	107,200		8,117,184
Gilead Sciences, Inc.	254,016		16,099,534
			24,216,718
Health care equipment and supplies – 2.2%
Becton, Dickinson and Company	22,070		5,582,827
Medtronic PLC	218,139		23,694,258
Zimmer Biomet Holdings, Inc.	38,800		5,326,076
			34,603,161
Health care providers and services – 2.6%
Anthem, Inc.	77,887		18,700,669
CVS Health Corp.	363,730		22,940,451
			41,641,120
Pharmaceuticals – 5.5%
Allergan PLC	77,300		13,008,817
Bristol-Myers Squibb Company	226,725		11,497,225
GlaxoSmithKline PLC	311,956		6,686,649
Johnson & Johnson	242,200		31,335,836
Pfizer, Inc.	684,035		24,577,378
			87,105,905
			187,566,904
Industrials – 12.2%
Aerospace and defense – 3.9%
L3Harris Technologies, Inc.	137,329		28,652,323
The Boeing Company	81,268		30,920,036
United Technologies Corp.	20,100		2,744,052
			62,316,411
Air freight and logistics – 1.5%
United Parcel Service, Inc., Class B	198,530		23,787,865
Airlines – 1.4%
Alaska Air Group, Inc.	189,027		12,269,743
Delta Air Lines, Inc.	112,941		6,505,402

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Airlines (continued)
Southwest Airlines Company	70,920	$	3,830,389
			22,605,534
Building products – 1.1%
Johnson Controls International PLC	385,178		16,905,462
Commercial services and supplies – 0.6%
Stericycle, Inc. (A)(B)	184,558		9,399,539
Electrical equipment – 0.8%
Emerson Electric Company	130,800		8,745,288
nVent Electric PLC (B)	166,000		3,658,640
			12,403,928
Industrial conglomerates – 1.5%
General Electric Company	2,661,800		23,796,492
Machinery – 0.7%
Flowserve Corp.	16,354		763,895
PACCAR, Inc.	66,600		4,662,666
Snap-on, Inc.	37,700		5,901,558
			11,328,119
Professional services – 0.7%
Nielsen Holdings PLC	569,012		12,091,505
			194,634,855
Information technology – 8.0%
Communications equipment – 1.3%
Cisco Systems, Inc.	404,219		19,972,461
Electronic equipment, instruments and components – 0.2%
TE Connectivity, Ltd.	31,111		2,898,923
IT services – 0.5%
Cognizant Technology Solutions Corp., Class A	140,530		8,469,040
Semiconductors and semiconductor equipment – 4.1%
Applied Materials, Inc.	210,100		10,483,990
NXP Semiconductors NV	36,100		3,939,232
QUALCOMM, Inc.	484,721		36,974,518
Texas Instruments, Inc.	111,428		14,400,955
			65,798,695
Software – 1.6%
Microsoft Corp.	186,440		25,920,753
Technology hardware, storage and peripherals – 0.3%
Hewlett Packard Enterprise Company	103,000		1,562,510
Western Digital Corp.	52,600		3,137,064
			4,699,574
			127,759,446
Materials – 4.5%
Chemicals – 3.4%
Akzo Nobel NV	24,324		2,167,333
CF Industries Holdings, Inc.	312,400		15,370,080
Corteva, Inc.	207,878		5,820,584
Dow, Inc.	246,212		11,732,002
DuPont de Nemours, Inc.	229,478		16,364,076
PPG Industries, Inc.	16,700		1,979,117
			53,433,192
Construction materials – 0.1%
Vulcan Materials Company	8,500		1,285,540
Containers and packaging – 0.8%
International Paper Company	322,086		13,469,637
Metals and mining – 0.2%
Nucor Corp.	61,600		3,136,056
			71,324,425
Real estate – 3.4%

 

59

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts – 3.4%
Equity Residential		189,400	$	16,337,644
Rayonier, Inc.		326,383		9,204,001
SL Green Realty Corp.		109,973		8,990,293
Weyerhaeuser Company		674,200		18,675,340
				53,207,278
Utilities – 7.4%
Electric utilities – 5.5%
Duke Energy Corp.		27,311		2,618,032
Edison International		268,770		20,270,633
Evergy, Inc.		143,663		9,562,209
NextEra Energy, Inc.		69,870		16,279,011
The Southern Company		623,491		38,513,039
				87,242,924
Multi-utilities – 1.9%
NiSource, Inc.		792,218		23,703,163
Sempra Energy		50,852		7,506,264
				31,209,427
				118,452,351
TOTAL COMMON STOCKS (Cost $1,269,117,008)			$	1,523,669,154
PREFERRED SECURITIES – 2.1%
Health care – 0.8%
Health care equipment and supplies – 0.8%
Becton, Dickinson and Company, 6.125%		209,092		12,944,886
Utilities – 1.3%
Electric utilities – 0.4%
The Southern Company, 6.750%		128,324		6,866,617
Multi-utilities – 0.7%
Sempra Energy, 6.000%		74,197		8,770,085
Sempra Energy, 6.750%		23,662		2,784,071
				11,554,156
Water utilities – 0.2%
Aqua America, Inc., 6.000% (B)		41,219		2,497,871
				20,918,644
TOTAL PREFERRED SECURITIES (Cost $28,745,707)			$	33,863,530
CORPORATE BONDS - 0.4%
Consumer discretionary - 0.2%
Mattel, Inc. 6.750%, 12/31/2025 (C)	$	2,698,000		2,815,201
Utilities - 0.2%
Pacific Gas & Electric Company
3.950%, 12/01/2047 (D)		1,411,000		1,365,143

Equity Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Pacific Gas & Electric Company (continued)
4.000%, 12/01/2046 (D)	$	1,585,000	$	1,540,422
				2,905,565
TOTAL CORPORATE BONDS (Cost $4,916,892)			$	5,720,766
CONVERTIBLE BONDS - 0.2%
Financials - 0.2%
AXA SA 7.250%, 05/15/2021 (C)		3,124,000		3,334,182
TOTAL CONVERTIBLE BONDS (Cost $3,124,000)			$	3,334,182
SECURITIES LENDING COLLATERAL – 0.9%
John Hancock Collateral Trust, 2.1169% (E)(F)		1,410,380		14,113,249
TOTAL SECURITIES LENDING COLLATERAL (Cost $14,113,193)			$	14,113,249
SHORT-TERM INVESTMENTS – 1.2%
Money market funds – 1.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (E)		3,000,000		3,000,000
T. Rowe Price Government Reserve Fund, 2.0381% (E)		15,902,460		15,902,460
				18,902,460
TOTAL SHORT-TERM INVESTMENTS (Cost $18,902,460)			$	18,902,460
Total Investments (Equity Income Trust) (Cost $1,338,919,260) – 100.5%			$	1,599,603,341
Other assets and liabilities, net – (0.5%)				(7,728,756)
TOTAL NET ASSETS – 100.0%			$	1,591,874,585

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $13,816,291.
(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)	Non-income producing - Issuer is in default.
(E)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 Index E-Mini Futures	14	Long	Dec 2019	$2,105,378	$2,084,425	$(20,953)
						$(20,953)

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

60

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Financial Industries Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.6%
Financials – 84.4%
Banks – 45.3%
1st Source Corp.	19,748	$	903,076
American Business Bank (A)	22,868		780,027
American River Bankshares	4,785		65,076
Ameris Bancorp	39,297		1,581,311
Atlantic Union Bankshares Corp.	53,538		1,994,023
Bank of America Corp.	160,753		4,689,165
Bank of Marin Bancorp	23,132		959,747
Bankinter SA	183,160		1,155,793
Baycom Corp. (A)	18,257		414,616
BOK Financial Corp.	24,695		1,954,609
Business First Bancshares, Inc.	11,516		280,990
California Bancorp, Inc. (A)	5,116		93,277
California Bancorp, Inc. (A)	5,477		102,420
Cambridge Bancorp	3,263		244,758
Citigroup, Inc.	68,775		4,750,977
Citizens Financial Group, Inc.	122,180		4,321,507
Coastal Financial Corp. (A)	25,954		392,165
Columbia Banking System, Inc.	53,876		1,988,024
Comerica, Inc.	24,018		1,584,948
DNB ASA	81,495		1,436,593
Evans Bancorp, Inc.	14,809		553,857
First Horizon National Corp.	147,422		2,388,236
First Merchants Corp.	41,168		1,549,358
Flushing Financial Corp.	29,433		594,694
German American Bancorp, Inc.	12,350		395,818
Glacier Bancorp, Inc.	22,794		922,245
Heritage Commerce Corp.	47,986		564,075
Heritage Financial Corp.	21,876		589,777
JPMorgan Chase & Co.	42,153		4,960,987
KeyCorp	150,809		2,690,433
Level One Bancorp, Inc.	15,125		364,815
M&T Bank Corp.	16,428		2,595,131
Nicolet Bankshares, Inc. (A)	12,157		809,291
Pacific Premier Bancorp, Inc.	25,668		800,585
PacWest Bancorp	44,234		1,607,464
Pinnacle Financial Partners, Inc.	27,400		1,554,950
Red River Bancshares, Inc. (A)	1,805		78,283
Regions Financial Corp.	73,994		1,170,585
Southern First Bancshares, Inc. (A)	9,675		385,549
Stock Yards Bancorp, Inc.	27,036		991,951
SVB Financial Group (A)	13,643		2,850,705
TCF Financial Corp.	32,074		1,221,057
The First Bancshares, Inc.	13,075		422,323
TriCo Bancshares	41,966		1,523,366
U.S. Bancorp	83,093		4,598,367
Washington Trust Bancorp, Inc.	4,850		234,304
Western Alliance Bancorp	35,017		1,613,583
Zions Bancorp NA	70,741		3,149,389
			70,874,280
Capital markets – 9.0%
Ares Management Corp., Class A	102,820		2,756,604
Close Brothers Group PLC	82,176		1,422,658
E*TRADE Financial Corp.	37,367		1,632,564
KKR & Company, Inc., Class A	109,809		2,948,372
The Blackstone Group, Inc., Class A	61,355		2,996,578
Tradeweb Markets, Inc., Class A	64,521		2,385,987
			14,142,763
Consumer finance – 4.1%
American Express Company	33,182		3,924,767
Discover Financial Services	30,590		2,480,543
			6,405,310
Diversified financial services – 5.4%
AXA Equitable Holdings, Inc.	62,547		1,386,042

Financial Industries Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified financial services (continued)
Berkshire Hathaway, Inc., Class B (A)		15,126	$	3,146,511
Eurazeo SE		17,360		1,291,044
Voya Financial, Inc.		47,992		2,612,684
				8,436,281
Insurance – 19.1%
Aon PLC		23,125		4,476,306
Arthur J. Gallagher & Company		32,019		2,867,942
Assured Guaranty, Ltd.		69,425		3,086,636
Chubb, Ltd.		17,263		2,786,934
Cincinnati Financial Corp.		20,991		2,449,020
Kinsale Capital Group, Inc.		39,581		4,089,113
Lincoln National Corp.		47,946		2,892,103
Palomar Holdings, Inc. (A)		36,597		1,442,654
The Hanover Insurance Group, Inc.		22,313		3,024,304
Willis Towers Watson PLC		14,043		2,709,878
				29,824,890
Thrifts and mortgage finance – 1.5%
OP Bancorp		29,972		293,126
Provident Financial Services, Inc.		42,239		1,036,123
United Community Financial Corp.		97,058		1,046,285
				2,375,534
				132,059,058
Information technology – 6.5%
IT services – 6.5%
Adyen NV (A)(B)		2,912		1,915,002
EVERTEC, Inc.		22,148		691,461
Visa, Inc., Class A		25,047		4,308,334
WEX, Inc. (A)		15,832		3,199,172
				10,113,969
Real estate – 6.7%
Equity real estate investment trusts – 6.1%
Lexington Realty Trust		104,646		1,072,622
Monmouth Real Estate Investment Corp.		59,101		851,645
Nippon Prologis REIT, Inc.		487		1,335,399
Park Hotels & Resorts, Inc.		23,797		594,211
Plymouth Industrial REIT, Inc.		37,736		691,324
Prologis, Inc.		36,801		3,136,181
Rexford Industrial Realty, Inc.		22,989		1,011,976
Simon Property Group, Inc.		5,007		779,340
				9,472,698
Real estate management and development – 0.6%
VGP NV		10,709		978,005
				10,450,703
TOTAL COMMON STOCKS (Cost $135,443,957)			$	152,623,730
CONVERTIBLE BONDS - 0.5%
Financials - 0.5%
AXA SA 7.250%, 05/15/2021 (B)	$	812,000		866,631
TOTAL CONVERTIBLE BONDS (Cost $812,000)			$	866,631
SHORT-TERM INVESTMENTS – 1.3%
U.S. Government Agency – 1.2%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *		224,000		224,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		1,631,000		1,631,000
				1,855,000

 

61

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.1%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $188,004 on 10-1-19, collateralized by $190,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $194,395, including interest)	$	188,000	$	188,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,043,000)			$	2,043,000
Total Investments (Financial Industries Trust) (Cost $138,298,957) – 99.4%			$	155,533,361
Other assets and liabilities, net – 0.6%				906,264
TOTAL NET ASSETS – 100.0%			$	156,439,625

Financial Industries Trust (continued)

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.
*	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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	5,378,590	EUR	4,820,000	RBC	2/12/2020	$71,958	—
USD	1,398,390	GBP	1,130,000	CITI	2/12/2020	1,807	—
USD	60,739	JPY	6,500,000	MSCS	2/12/2020	47	—
USD	1,329,043	JPY	140,570,000	SSB	2/12/2020	16,522	—
USD	1,336,044	NOK	12,020,000	MSCS	2/12/2020	12,665	—
USD	91,697	NOK	820,000	TD	2/12/2020	1,416	—
						$104,415	—

Derivatives Currency Abbreviations
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
NOK	Norwegian Krone
USD	U.S. Dollar

Derivatives Abbreviations
CITI	Citibank, N.A.
MSCS	Morgan Stanley Capital Services LLC
OTC	Over-the-counter
RBC	Royal Bank of Canada
SSB	State Street Bank and Trust Company
TD	The Toronto-Donimion Bank

Fundamental All Cap Core Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.4%
Communication services – 17.1%
Entertainment – 3.0%
Liberty Media Corp.-Liberty Formula One, Series C (A)	1,228,709	$	51,102,007
Interactive media and services – 14.1%
Alphabet, Inc., Class A (A)	68,550		83,709,147
CarGurus, Inc. (A)	1,208,566		37,405,118
Facebook, Inc., Class A (A)	524,237		93,356,125
Twitter, Inc. (A)	725,742		29,900,570
			244,370,960
			295,472,967
Consumer discretionary – 19.4%

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables – 7.8%
Lennar Corp., A Shares	1,182,581	$	66,047,149
NVR, Inc. (A)	8,173		30,381,902
Tempur Sealy International, Inc. (A)	508,283		39,239,448
			135,668,499
Internet and direct marketing retail – 7.0%
Amazon.com, Inc. (A)	69,361		120,404,452
Leisure products – 2.0%
Polaris, Inc.	399,107		35,125,407
Specialty retail – 1.2%
Group 1 Automotive, Inc.	221,622		20,457,927
Textiles, apparel and luxury goods – 1.4%
Ralph Lauren Corp.	134,831		12,872,316

 

62

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Salvatore Ferragamo SpA	641,159	$	11,846,460
			24,718,776
			336,375,061
Consumer staples – 5.6%
Beverages – 4.5%
Anheuser-Busch InBev SA, ADR	600,189		57,107,983
Diageo PLC, ADR	128,329		20,984,358
			78,092,341
Food products – 1.1%
The Hain Celestial Group, Inc. (A)	865,692		18,590,736
			96,683,077
Energy – 6.7%
Energy equipment and services – 2.0%
Baker Hughes, a GE Company	1,094,320		25,388,224
National Oilwell Varco, Inc.	465,065		9,859,378
			35,247,602
Oil, gas and consumable fuels – 4.7%
Cheniere Energy, Inc. (A)	857,379		54,066,320
Kinder Morgan, Inc.	508,010		10,470,086
Suncor Energy, Inc.	514,954		16,262,247
			80,798,653
			116,046,255
Financials – 18.5%
Banks – 11.2%
Bank of America Corp.	2,660,473		77,605,997
Citigroup, Inc.	1,182,621		81,695,459
First Hawaiian, Inc.	1,290,530		34,457,151
			193,758,607
Capital markets – 5.6%
Affiliated Managers Group, Inc.	96,194		8,017,770
Morgan Stanley	1,272,939		54,316,307
The Goldman Sachs Group, Inc.	163,730		33,929,768
			96,263,845
Consumer finance – 1.7%
American Express Company	125,710		14,868,979
Synchrony Financial	449,208		15,313,501
			30,182,480
			320,204,932
Health care – 6.2%
Biotechnology – 4.0%
Alnylam Pharmaceuticals, Inc. (A)	121,353		9,759,208
Amgen, Inc.	257,473		49,823,600
Moderna, Inc. (A)	635,564		10,118,179
			69,700,987
Health care equipment and supplies – 1.4%
Hologic, Inc. (A)	471,655		23,813,861
Health care providers and services – 0.8%
Anthem, Inc.	54,490		13,083,049
			106,597,897
Industrials – 6.8%
Electrical equipment – 1.8%
Regal Beloit Corp.	180,246		13,130,921
Sensata Technologies Holding PLC (A)	350,148		17,528,409
			30,659,330
Industrial conglomerates – 1.5%
Roper Technologies, Inc.	72,271		25,771,839
Machinery – 0.4%
The Manitowoc Company, Inc. (A)	511,644		6,395,550

Fundamental All Cap Core Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services – 2.1%
IHS Markit, Ltd. (A)		553,405	$	37,011,726
Trading companies and distributors – 1.0%
United Rentals, Inc. (A)		141,399		17,623,971
				117,462,416
Information technology – 13.5%
Semiconductors and semiconductor equipment – 1.6%
Analog Devices, Inc.		98,620		11,018,813
NVIDIA Corp.		91,142		15,865,088
				26,883,901
Software – 5.7%
Microsoft Corp.		249,365		34,669,216
salesforce.com, Inc. (A)		227,876		33,825,913
Workday, Inc., Class A (A)		177,158		30,109,774
				98,604,903
Technology hardware, storage and peripherals – 6.2%
Apple, Inc.		402,116		90,061,921
Samsung Electronics Company, Ltd.		430,133		17,611,377
				107,673,298
				233,162,102
Real estate – 3.6%
Equity real estate investment trusts – 2.9%
American Tower Corp.		227,734		50,358,819
Real estate management and development – 0.7%
Five Point Holdings LLC, Class A (A)		1,665,364		12,490,230
				62,849,049
TOTAL COMMON STOCKS (Cost $1,291,403,167)			$	1,684,853,756
SHORT-TERM INVESTMENTS – 2.6%
U.S. Government Agency – 2.4%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	6,390,000		6,390,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		35,389,000		35,389,000
				41,779,000
Repurchase agreement – 0.2%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $4,077,091 on 10-1-19, collateralized by $4,065,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $4,159,023, including interest)		4,077,000		4,077,000
TOTAL SHORT-TERM INVESTMENTS (Cost $45,856,000)			$	45,856,000
Total Investments (Fundamental All Cap Core Trust) (Cost $1,337,259,167) – 100.0%			$	1,730,709,756
Other assets and liabilities, net – (0.0%)				(147,769)
TOTAL NET ASSETS – 100.0%			$	1,730,561,987

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.

 

63

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.9%
Communication services – 6.9%
Entertainment – 1.2%
The Walt Disney Company	61,653	$	8,034,619
Interactive media and services – 2.2%
Alphabet, Inc., Class A (A)	11,557		14,112,715
Media – 3.5%
Comcast Corp., Class A	247,181		11,142,919
Fox Corp., Class A	84,129		2,653,008
Fox Corp., Class B	275,700		8,695,578
			22,491,505
			44,638,839
Consumer discretionary – 8.0%
Household durables – 5.4%
Lennar Corp., A Shares	482,995		26,975,271
Tempur Sealy International, Inc. (A)	105,381		8,135,413
			35,110,684
Internet and direct marketing retail – 2.0%
eBay, Inc.	329,945		12,861,256
Specialty retail – 0.6%
Group 1 Automotive, Inc.	41,376		3,819,419
			51,791,359
Consumer staples – 8.4%
Beverages – 6.4%
Anheuser-Busch InBev SA, ADR	121,835		11,592,600
Heineken Holding NV	179,280		17,836,513
PepsiCo, Inc.	88,023		12,067,953
			41,497,066
Food products – 2.0%
Danone SA	148,515		13,081,451
			54,578,517
Energy – 9.1%
Energy equipment and services – 1.3%
Baker Hughes, a GE Company	369,622		8,575,230
Oil, gas and consumable fuels – 7.8%
Cheniere Energy, Inc. (A)	104,816		6,609,697
Chevron Corp.	139,717		16,570,436
Kinder Morgan, Inc.	918,193		18,923,958
Suncor Energy, Inc.	271,008		8,558,433
			50,662,524
			59,237,754
Financials – 26.4%
Banks – 13.9%
Bank of America Corp.	1,003,723		29,278,600
Citigroup, Inc.	451,591		31,195,906
JPMorgan Chase & Co.	200,507		23,597,669
Wells Fargo & Company	127,577		6,434,984
			90,507,159
Capital markets – 6.5%
KKR & Company, Inc., Class A	245,893		6,602,227
Morgan Stanley	424,823		18,127,197
The Goldman Sachs Group, Inc.	82,429		17,081,762
			41,811,186
Consumer finance – 4.0%
American Express Company	156,483		18,508,809
Synchrony Financial	210,748		7,184,399
			25,693,208
Diversified financial services – 2.0%
Berkshire Hathaway, Inc., Class B (A)	63,292		13,166,002
			171,177,555
Health care – 15.6%

Fundamental Large Cap Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology – 2.8%
Amgen, Inc.		19,791	$	3,829,756
Biogen, Inc. (A)		20,929		4,872,690
Gilead Sciences, Inc.		146,475		9,283,586
				17,986,032
Health care equipment and supplies – 7.3%
Danaher Corp.		201,202		29,059,605
Hologic, Inc. (A)		152,529		7,701,189
Zimmer Biomet Holdings, Inc.		80,581		11,061,354
				47,822,148
Health care providers and services – 0.9%
UnitedHealth Group, Inc.		27,300		5,932,836
Pharmaceuticals – 4.6%
Allergan PLC		92,914		15,636,496
Merck & Company, Inc.		167,421		14,093,500
				29,729,996
				101,471,012
Industrials – 9.4%
Aerospace and defense – 4.3%
L3Harris Technologies, Inc.		50,981		10,636,676
United Technologies Corp.		126,996		17,337,494
				27,974,170
Machinery – 2.1%
Parker-Hannifin Corp.		77,636		14,021,838
Road and rail – 2.0%
Union Pacific Corp.		79,823		12,929,730
Trading companies and distributors – 1.0%
United Rentals, Inc. (A)		50,077		6,241,597
				61,167,335
Information technology – 13.9%
Communications equipment – 1.5%
Cisco Systems, Inc.		201,261		9,944,306
IT services – 0.8%
Cognizant Technology Solutions Corp., Class A		87,273		5,259,507
Software – 6.5%
Microsoft Corp.		215,654		29,982,376
Oracle Corp.		217,517		11,969,961
				41,952,337
Technology hardware, storage and peripherals – 5.1%
Apple, Inc.		118,805		26,608,756
Samsung Electronics Company, Ltd.		162,176		6,640,139
				33,248,895
				90,405,045
Materials – 1.2%
Chemicals – 1.2%
LyondellBasell Industries NV, Class A		87,321		7,812,610
TOTAL COMMON STOCKS (Cost $508,214,072)			$	642,280,026
SHORT-TERM INVESTMENTS – 1.3%
U.S. Government Agency – 1.1%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	1,117,000		1,117,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		6,182,000		6,182,000
				7,299,000

 

64

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.2%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $968,022 on 10-1-19, collateralized by $970,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $992,436, including interest)	$	968,000	$	968,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,267,000)			$	8,267,000
Total Investments (Fundamental Large Cap Value Trust) (Cost $516,481,072) – 100.2%			$	650,547,026
Other assets and liabilities, net – (0.2%)				(981,415)
TOTAL NET ASSETS – 100.0%			$	649,565,611

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 - 46.9%
U.S. Government - 10.6%
U.S. Treasury Bonds
2.875%, 05/15/2043 (A)	$	500,000	$	573,652
3.000%, 05/15/2045		700,000		824,770
3.125%, 02/15/2043 (A)		400,000		477,391
3.625%, 08/15/2043		600,000		774,375
4.625%, 02/15/2040		600,000		869,039
U.S. Treasury Inflation Protected Securities
0.125%, 04/15/2022 (A)		1,160,434		1,148,827
0.375%, 07/15/2025 (A)		1,352,325		1,370,970
0.500%, 01/15/2028		3,432,330		3,515,390
0.625%, 01/15/2026		874,581		897,273
1.000%, 02/15/2048		520,195		584,309
1.375%, 02/15/2044		770,574		923,775
2.500%, 01/15/2029		1,613,196		1,950,528
3.875%, 04/15/2029		780,315		1,047,288
U.S. Treasury Notes
2.625%, 06/15/2021 (A)		300,000		304,582
2.875%, 04/30/2025		5,400,000		5,768,719
				21,030,888
U.S. Government Agency - 36.3%
Federal National Mortgage Association
3.000%, TBA (B)		8,400,000		8,515,201
3.500%, TBA (B)		34,800,000		35,700,230
4.000%, TBA (B)		26,400,000		27,410,997
4.287%, (12 month LIBOR + 1.412%), 12/01/2034 (C)		35,682		36,969
4.428%, (12 month LIBOR + 1.678%), 05/01/2035 (C)		28,924		30,333
4.500%, 08/01/2023 to 09/01/2044		360,303		380,586
4.708%, (1 Year CMT + 2.360%), 11/01/2034 (C)		261,448		275,930
Government National Mortgage Association
3.875%, (1 Year CMT + 1.500%), 04/20/2030 to 06/20/2030 (C)		14,530		14,974

Global Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association  (continued)
4.000%, (1 Year CMT + 1.500%), 02/20/2024 to 01/20/2030 (C)	$	14,839	$	15,156
4.125%, (1 Year CMT + 1.500%), 11/20/2023 to 10/20/2026 (C)		18,230		18,524
				72,398,900
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $93,042,313)			$	93,429,788
FOREIGN GOVERNMENT OBLIGATIONS - 33.9%
Australia - 0.1%
New South Wales Treasury Corp., Inflation-Linked Bond 2.750%, 11/20/2025	AUD	300,000		310,209
Brazil - 2.4%
Federative Republic of Brazil 6.000%, 05/15/2021	BRL	5,600,000		4,771,492
Canada - 1.5%
Government of Canada 1.500%, 12/01/2044	CAD	236,984		229,299
Province of Ontario 2.500%, 04/27/2026	$	300,000		311,468
Province of Quebec
3.000%, 09/01/2023	CAD	1,700,000		1,340,663
4.250%, 12/01/2021		1,300,000		1,032,876
				2,914,306
France - 2.2%
Government of France
2.000%, 05/25/2048 (D)	EUR	2,000,000		3,062,819
3.250%, 05/25/2045		700,000		1,297,627
				4,360,446
Israel - 0.3%
Government of Israel
3.250%, 01/17/2028	$	200,000		216,681
4.125%, 01/17/2048		300,000		352,014
				568,695
Italy - 4.6%
Republic of Italy
2.100%, 07/15/2026	EUR	900,000		1,085,615
2.450%, 10/01/2023		4,250,000		5,067,084
2.950%, 09/01/2038 (D)		500,000		668,280
3.000%, 08/01/2029		1,300,000		1,707,150
6.000%, 08/04/2028	GBP	400,000		638,565
				9,166,694
Japan - 9.7%
Government of Japan
0.100%, 03/20/2029 to 06/20/2029	JPY	540,000,000		5,159,523
0.500%, 09/20/2046 to 03/20/2049		374,000,000		3,614,507
0.700%, 12/20/2048		257,000,000		2,608,197
1.600%, 03/20/2033		310,000,000		3,503,077
Government of Japan, CPI Linked Bond 0.100%, 03/10/2028		171,405,900		1,652,630
Japan Bank for International Cooperation
2.375%, 07/21/2022	$	400,000		405,416
2.500%, 06/01/2022		500,000		508,281
3.375%, 10/31/2023		200,000		211,451
Japan Finance Organization for Municipalities
2.125%, 04/13/2021		900,000		901,791
3.000%, 03/12/2024 (D)		300,000		312,844

 

65

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Japan (continued)
Tokyo Metropolitan Government 2.000%, 05/17/2021 (D)	$	500,000	$	498,907
				19,376,624
Kuwait - 0.8%
State of Kuwait 3.500%, 03/20/2027 (D)		1,500,000		1,616,392
Lithuania - 0.6%
Republic of Lithuania
1.100%, 04/26/2027	EUR	200,000		231,854
6.125%, 03/09/2021	$	900,000		950,356
				1,182,210
Malaysia - 0.5%
Government of Malaysia 3.654%, 10/31/2019	MYR	4,200,000		1,003,528
Norway - 0.2%
Government of Norway 3.750%, 05/25/2021 (D)	NOK	3,800,000		434,998
Peru - 0.7%
Republic of Peru
5.940%, 02/12/2029 (D)	PEN	200,000		67,189
5.940%, 02/12/2029		200,000		67,263
6.350%, 08/12/2028 (D)		3,400,000		1,175,161
				1,309,613
Poland - 0.3%
Republic of Poland
2.250%, 04/25/2022	PLN	2,300,000		582,893
3.250%, 07/25/2025		100,000		26,858
				609,751
Qatar - 1.7%
State of Qatar
3.875%, 04/23/2023	$	1,400,000		1,480,807
4.000%, 03/14/2029		600,000		665,020
4.500%, 01/20/2022 to 04/23/2028		1,200,000		1,332,547
				3,478,374
Saudi Arabia - 1.7%
Kingdom of Saudi Arabia
2.375%, 10/26/2021		1,200,000		1,201,541
3.250%, 10/26/2026		200,000		206,532
3.625%, 03/04/2028 (D)		200,000		212,098
4.000%, 04/17/2025		700,000		750,029
4.375%, 04/16/2029 (D)		200,000		224,500
KSA Sukuk, Ltd.
2.894%, 04/20/2022 (D)		600,000		608,193
4.303%, 01/19/2029 (D)		200,000		223,750
				3,426,643
Slovenia - 1.0%
Republic of Slovenia 5.250%, 02/18/2024 (D)		1,682,000		1,905,376
South Korea - 0.1%
Korea Hydro & Nuclear Power Company, Ltd. 3.750%, 07/25/2023 (D)		200,000		210,754
Spain - 4.4%
Autonomous Community of Catalonia
4.220%, 04/26/2035	EUR	200,000		271,511
4.950%, 02/11/2020		400,000		442,943
Kingdom of Spain
0.250%, 07/30/2024 (D)		800,000		895,178
0.600%, 10/31/2029 (D)		3,500,000		3,988,059
1.400%, 07/30/2028 (D)		700,000		852,892
1.450%, 04/30/2029 (D)		1,300,000		1,596,851
2.700%, 10/31/2048 (D)		200,000		308,011

Global Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Spain (continued)
Kingdom of Spain (continued)
2.900%, 10/31/2046 (D)	EUR	300,000	$	474,079
				8,829,524
United Arab Emirates - 0.8%
Abu Dhabi Government
2.500%, 10/11/2022 (D)	$	900,000		909,109
3.125%, 10/11/2027 (D)		600,000		630,324
				1,539,433
United Kingdom - 0.3%
Government of United Kingdom 4.750%, 12/07/2038	GBP	300,000		623,694
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $64,873,308)			$	67,638,756
CORPORATE BONDS - 43.1%
Australia - 0.1%
Australia & New Zealand Banking Group, Ltd. 3.300%, 05/17/2021	$	300,000		306,167
Brazil - 0.5%
Petrobras Global Finance BV
5.093%, 01/15/2030 (D)		513,000		535,136
7.250%, 03/17/2044		400,000		478,800
				1,013,936
Canada - 1.0%
Air Canada Pass Through Trust 3.300%, 07/15/2031 (D)		284,640		292,638
Brookfield Finance, Inc. 3.900%, 01/25/2028		400,000		419,940
Canadian Imperial Bank of Commerce 3.150%, 06/27/2021 (D)		600,000		612,310
Fairfax Financial Holdings, Ltd. 2.750%, 03/29/2028 (D)	EUR	600,000		719,254
				2,044,142
Cayman Islands - 0.9%
Ambac LSNI LLC (3 month LIBOR + 5.000%) 7.104%, 02/12/2023 (C)(D)	$	538		543
QNB Finance, Ltd. (3 month LIBOR + 1.350%) 3.872%, 05/31/2021 (C)		1,700,000		1,715,143
				1,715,686
China - 0.3%
Baidu, Inc. 3.875%, 09/29/2023		300,000		312,560
Tencent Holdings, Ltd. 3.595%, 01/19/2028		200,000		209,008
				521,568
Denmark - 3.6%
Jyske Realkredit A/S
1.000%, 10/01/2050	DKK	9,700,000		1,417,839
1.500%, 10/01/2050 to 10/01/2050		2,096,337		313,513
2.000%, 10/01/2047		5,410,329		811,555
Nordea Kredit Realkreditaktieselskab
1.500%, 10/01/2050		2,200,000		328,557
2.000%, 10/01/2047 to 10/01/2050		11,689,493		1,751,754
2.500%, 10/01/2047		986		150
Nykredit Realkredit A/S
1.500%, 10/01/2050 to 10/01/2050		16,169,756		2,417,069
2.500%, 10/01/2047		38,107		5,788
3.000%, 10/01/2047		30,756		4,777
6.000%, 10/01/2029		27,297		4,799

 

66

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Denmark (continued)
Realkredit Danmark A/S 2.500%, 07/01/2047	DKK	45,523	$	6,915
Realkredit Danmark A/S (6 month CIBOR + 0.850%) 0.560%, 01/01/2038 (C)		173,370		26,857
				7,089,573
France - 0.5%
BNP Paribas SA 3.375%, 01/23/2026	GBP	200,000		267,401
Danone SA 2.077%, 11/02/2021 (D)	$	800,000		798,793
				1,066,194
Germany - 1.7%
Deutsche Bank AG
1.875%, 02/28/2020	GBP	300,000		368,643
3.150%, 01/22/2021	$	200,000		199,548
Deutsche Bank AG (3 month EURIBOR + 0.500%) 0.180%, 12/07/2020 (C)	EUR	100,000		108,272
Deutsche Bank AG (3 month LIBOR + 0.815%) 3.093%, 01/22/2021 (C)	$	200,000		198,192
Deutsche Bank AG (3 month LIBOR + 1.290%) 3.577%, 02/04/2021 (C)		300,000		297,858
IHO Verwaltungs GmbH (6.000% Cash or 6.750% PIK) 6.000%, 05/15/2027 (D)		300,000		303,750
KfW
0.250%, 09/15/2025	EUR	800,000		911,014
0.625%, 02/22/2027		900,000		1,058,144
				3,445,421
Guernsey, Channel Islands - 0.2%
Credit Suisse Group Funding Guernsey, Ltd. 3.800%, 06/09/2023	$	400,000		417,681
Hong Kong - 0.2%
AIA Group, Ltd. 3.900%, 04/06/2028 (D)		400,000		434,611
India - 0.3%
Indian Railway Finance Corp., Ltd. 3.835%, 12/13/2027		300,000		315,618
Shriram Transport Finance Company, Ltd. 5.950%, 10/24/2022		200,000		201,798
				517,416
Indonesia - 0.1%
Indonesia Asahan Aluminium Persero PT 5.710%, 11/15/2023 (D)		200,000		220,000
Ireland - 0.9%
AerCap Ireland Capital DAC 4.450%, 12/16/2021		450,000		467,904
AIB Group PLC 4.750%, 10/12/2023 (D)		200,000		211,517
Bank of Ireland (7.375% to 6-18-20, then 5 Year Euro Swap Rate + 6.956%) 06/18/2020 (E)	EUR	400,000		452,535
Shire Acquisitions Investments Ireland DAC 2.400%, 09/23/2021	$	300,000		301,391

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Ireland (continued)
SumitG 2.251%, 11/02/2020	$	400,000	$	399,984
				1,833,331
Italy - 0.9%
Banca Carige SpA (3 month EURIBOR + 1.500%) 1.082%, 05/25/2060 (C)	EUR	500,000		546,399
Banca Carige SpA (3 month EURIBOR + 1.700%) 1.327%, 10/25/2021 (C)		600,000		657,633
UniCredit SpA 7.830%, 12/04/2023 (D)	$	500,000		583,445
				1,787,477
Japan - 2.5%
Central Japan Railway Company 2.800%, 02/23/2022		400,000		404,924
Central Nippon Expressway Company, Ltd.
2.091%, 09/14/2021		500,000		497,498
2.362%, 05/28/2021		600,000		599,610
Japan Tobacco, Inc. 2.000%, 04/13/2021		300,000		298,240
Meiji Yasuda Life Insurance Company (5.100% to 4-26-28, then 5 Year U.S. ISDAFIX + 3.150%) 04/26/2048 (D)		200,000		224,800
Mizuho Financial Group, Inc. (3 month LIBOR + 1.000%) 3.138%, 09/11/2024 (C)		200,000		201,623
Mizuho Financial Group, Inc. (3.922% to 9-11-23, then 3 month LIBOR + 1.000%) 09/11/2024		600,000		631,137
ORIX Corp. 3.250%, 12/04/2024		300,000		311,628
Sumitomo Mitsui Financial Group, Inc.
2.934%, 03/09/2021		500,000		504,465
3.748%, 07/19/2023		1,000,000		1,051,400
Toyota Industries Corp. 3.110%, 03/12/2022 (D)		200,000		203,686
				4,929,011
Jersey, Channel Islands - 0.2%
AA Bond Company, Ltd.
2.750%, 07/31/2043	GBP	100,000		114,444
2.875%, 07/31/2043		200,000		236,475
				350,919
Luxembourg - 0.4%
Aroundtown SA
1.500%, 07/15/2024	EUR	400,000		456,541
2.000%, 11/02/2026		100,000		116,462
Emerald Bay SA 1.964%, 10/08/2020 (D)(F)		291,000		310,832
				883,835
Macau - 0.4%
Sands China, Ltd.
4.600%, 08/08/2023	$	300,000		317,544
5.125%, 08/08/2025		200,000		219,584
5.400%, 08/08/2028		200,000		225,275
				762,403
Netherlands - 1.6%
Cooperatieve Rabobank UA 6.875%, 03/19/2020	EUR	550,000		617,701

 

67

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Netherlands (continued)
ING Bank NV 2.625%, 12/05/2022 (D)	$	1,800,000	$	1,839,904
Mondelez International Holdings Netherlands BV 2.000%, 10/28/2021 (D)		300,000		299,400
Schaeffler Finance BV 3.250%, 05/15/2025	EUR	100,000		112,327
Stichting AK Rabobank Certificaten 6.500%, 12/29/2019 (E)		200,000		273,687
				3,143,019
Norway - 0.4%
DNB Boligkreditt AS 2.500%, 03/28/2022 (D)	$	700,000		710,101
Singapore - 1.0%
BOC Aviation, Ltd.
2.750%, 09/18/2022 (D)		200,000		200,160
3.500%, 09/18/2027 (D)		200,000		205,559
Clifford Capital Pte, Ltd. 3.380%, 03/07/2028		400,000		431,733
DBS Bank, Ltd. 3.300%, 11/27/2021 (D)		200,000		204,680
Oversea-Chinese Banking Corp., Ltd. (3 month LIBOR + 0.450%) 2.574%, 05/17/2021 (C)(D)		700,000		700,861
PSA Treasury Pte, Ltd. 2.500%, 04/12/2026		200,000		202,473
				1,945,466
Spain - 0.6%
Banco Bilbao Vizcaya Argentaria SA (6.750% to 2-18-20, then 5 Year Euro Swap Rate + 6.604%) 02/18/2020 (E)	EUR	600,000		665,787
Banco Santander SA 4.379%, 04/12/2028	$	200,000		218,634
Banco Santander SA (4.750% to 3-19-25, then 5 Year Euro Swap Rate + 4.097%) 03/19/2025 (E)	EUR	400,000		422,356
				1,306,777
Supranational - 0.1%
European Bank for Reconstruction & Development 0.500%, 12/21/2023	AUD	200,000		129,365
Sweden - 0.2%
Sveriges Sakerstallda Obligationer AB 2.000%, 06/17/2026	SEK	4,000,000		452,157
Switzerland - 0.6%
Credit Suisse AG 6.500%, 08/08/2023	$	1,122,000		1,248,219
United Arab Emirates - 0.1%
ICICI Bank, Ltd. 3.500%, 03/18/2020		200,000		200,716
United Kingdom - 5.7%
Barclays Bank PLC 7.625%, 11/21/2022		600,000		661,500
Barclays PLC (4.338% to 5-16-23, then 3 month LIBOR + 1.356%) 05/16/2024		500,000		522,338
Barclays PLC (4.610% to 2-15-22, then 3 month LIBOR + 1.400%) 02/15/2023		1,100,000		1,142,757

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United Kingdom (continued)
Barclays PLC (7.125% to 6-15-25, then UK Government Bonds 5 Year Note Generic Bid Yield + 6.579%) 06/15/2025 (E)	GBP	300,000	$	390,536
Barclays PLC (8.000% to 12-15-20, then 5 Year Euro Swap Rate + 6.750%) 12/15/2020 (E)	EUR	200,000		232,977
BAT International Finance PLC 2.750%, 06/15/2020 (D)	$	900,000		902,670
Co-operative Group Holdings 2011, Ltd. 6.875%, 07/08/2020	GBP	100,000		127,429
FCE Bank PLC 1.660%, 02/11/2021	EUR	400,000		442,996
Lloyds Bank PLC
4.875%, 03/30/2027	GBP	300,000		469,260
6.500%, 03/24/2020	EUR	1,000,000		1,122,529
Nationwide Building Society (3.766% to 3-8-23, then 3 month LIBOR + 1.064%) 03/08/2024 (D)	$	900,000		924,246
NatWest Markets PLC 0.625%, 03/02/2022	EUR	400,000		440,750
RAC Bond Company PLC 4.870%, 05/06/2046	GBP	200,000		242,253
Santander UK Group Holdings PLC 3.125%, 01/08/2021	$	500,000		503,395
Santander UK Group Holdings PLC (3 month EURIBOR + 0.850%) 0.440%, 03/27/2024 (C)	EUR	500,000		540,458
Santander UK Group Holdings PLC (3.823% to 11-3-27, then 3 month LIBOR + 1.400%) 11/03/2028	$	500,000		514,811
Tesco PLC 6.125%, 02/24/2022	GBP	175,000		238,784
The Royal Bank of Scotland Group PLC 2.500%, 03/22/2023	EUR	1,200,000		1,399,718
The Royal Bank of Scotland Group PLC (4.269% to 3-22-24, then 3 month LIBOR + 1.762%) 03/22/2025	$	300,000		313,755
Virgin Media Secured Finance PLC 5.000%, 04/15/2027 (D)	GBP	200,000		258,833
				11,391,995
United States - 18.1%
Allegion US Holding Company, Inc. 3.200%, 10/01/2024	$	300,000		304,288
Allergan Sales LLC 5.000%, 12/15/2021 (D)		300,000		315,165
Ally Financial, Inc. 4.250%, 04/15/2021		100,000		102,125
Ambac Assurance Corp. 5.100%, 06/07/2020 (D)		125		182
American Tower Corp.
1.950%, 05/22/2026	EUR	200,000		237,501
3.450%, 09/15/2021	$	400,000		409,225
AT&T, Inc. (3 month LIBOR + 0.750%) 2.888%, 06/01/2021 (C)		1,600,000		1,607,681
AT&T, Inc. (3 month LIBOR + 1.180%) 3.312%, 06/12/2024 (C)		800,000		814,640
Aviation Capital Group LLC 4.125%, 08/01/2025 (D)		1,400,000		1,460,686

 

68

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Bank of America Corp. (2.328% to 10-1-20, then 3 month LIBOR + 0.630%) 10/01/2021	$	500,000	$	500,551
Bank of America Corp. (5.875% to 3-15-28, then 3 month LIBOR + 2.931%) 03/15/2028 (E)		400,000		433,040
BAT Capital Corp. (3 month LIBOR + 0.590%) 2.765%, 08/14/2020 (C)		400,000		400,767
Bayer US Finance II LLC
3.875%, 12/15/2023 (D)		300,000		313,410
4.250%, 12/15/2025 (D)		300,000		320,286
Bayer US Finance II LLC (3 month LIBOR + 0.630%) 2.736%, 06/25/2021 (C)(D)		200,000		199,770
Bayer US Finance II LLC (3 month LIBOR + 1.010%) 3.129%, 12/15/2023 (C)(D)		200,000		200,122
BBVA USA 3.500%, 06/11/2021		300,000		304,952
Broadcom Corp. 2.650%, 01/15/2023		200,000		199,814
Campbell Soup Company
3.300%, 03/15/2021		200,000		202,879
3.650%, 03/15/2023		300,000		312,106
Charter Communications Operating LLC 3.750%, 02/15/2028		1,300,000		1,334,087
Citigroup, Inc. (2.876% to 7-24-22, then 3 month LIBOR + 0.950%) 07/24/2023		300,000		304,081
Citigroup, Inc. (3.142% to 1-24-22, then 3 month LIBOR + 0.722%) 01/24/2023		400,000		407,413
Consolidated Edison Company of New York, Inc. (3 month LIBOR + 0.400%) 2.506%, 06/25/2021 (C)		300,000		301,012
Continental Resources, Inc. 4.375%, 01/15/2028		300,000		309,980
CVS Health Corp. 3.700%, 03/09/2023		300,000		312,248
Daimler Finance North America LLC (3 month LIBOR + 0.430%) 2.611%, 02/12/2021 (C)(D)		200,000		199,725
Discover Bank 3.350%, 02/06/2023		400,000		412,353
DISH DBS Corp. 5.125%, 05/01/2020		100,000		101,125
Duke Energy Corp. (3 month LIBOR + 0.500%) 2.675%, 05/14/2021 (C)(D)		1,000,000		1,004,010
EMC Corp. 2.650%, 06/01/2020		600,000		599,531
Emera US Finance LP 2.700%, 06/15/2021		400,000		402,338
EQT Corp. 2.500%, 10/01/2020		300,000		299,520
Equifax, Inc. (3 month LIBOR + 0.870%) 3.028%, 08/15/2021 (C)		300,000		299,860
Fidelity National Information Services, Inc.
0.400%, 01/15/2021	EUR	300,000		328,926

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Fidelity National Information Services, Inc. (continued)
0.750%, 05/21/2023	EUR	100,000	$	111,311
Ford Motor Credit Company LLC 3.200%, 01/15/2021	$	300,000		300,394
Ford Motor Credit Company LLC (3 month EURIBOR + 0.430%) 0.030%, 05/14/2021 (C)	EUR	700,000		756,277
Ford Motor Credit Company LLC (3 month LIBOR + 1.235%) 3.393%, 02/15/2023 (C)	$	500,000		484,790
Fresenius Medical Care US Finance II, Inc. 4.125%, 10/15/2020 (D)		300,000		303,729
GATX Corp. (3 month LIBOR + 0.720%) 3.007%, 11/05/2021 (C)		300,000		300,810
General Mills, Inc. 3.700%, 10/17/2023		500,000		526,344
General Motors Financial Company, Inc. 3.550%, 07/08/2022		200,000		204,299
Harley-Davidson Financial Services, Inc. 2.850%, 01/15/2021 (D)		300,000		300,964
International Lease Finance Corp.
5.875%, 08/15/2022		200,000		219,130
8.250%, 12/15/2020		200,000		213,981
JPMorgan Chase Bank N.A. (3 month LIBOR + 0.340%) 2.607%, 04/26/2021 (C)		1,400,000		1,400,746
Kilroy Realty LP 3.450%, 12/15/2024		100,000		104,008
Komatsu Finance America, Inc. 2.118%, 09/11/2020		200,000		199,442
Kraft Heinz Foods Company 4.875%, 02/15/2025 (D)		684,000		704,169
L3Harris Technologies, Inc. (3 month LIBOR + 0.480%) 2.746%, 04/30/2020 (C)		800,000		799,996
MGM Resorts International 6.625%, 12/15/2021		500,000		542,250
MPLX LP 3.500%, 12/01/2022 (D)		100,000		102,842
MUFG Americas Holdings Corp. 3.000%, 02/10/2025		2,800,000		2,860,024
National Rural Utilities Cooperative Finance Corp. (3 month LIBOR + 0.375%) 2.479%, 06/30/2021 (C)		700,000		702,520
Navient Corp.
5.875%, 03/25/2021		100,000		103,875
8.000%, 03/25/2020		200,000		204,000
Nissan Motor Acceptance Corp.
2.600%, 09/28/2022 (D)		200,000		200,668
2.650%, 07/13/2022 (D)		200,000		201,046
Penske Truck Leasing Company LP 3.950%, 03/10/2025 (D)		1,500,000		1,584,586
Progress Energy, Inc. 4.400%, 01/15/2021		200,000		204,710
Spirit AeroSystems, Inc. 3.950%, 06/15/2023		200,000		207,424
Spirit AeroSystems, Inc. (3 month LIBOR + 0.800%) 2.919%, 06/15/2021 (C)		100,000		99,916
Sprint Communications, Inc. 7.000%, 08/15/2020		400,000		412,884

 

69

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Sprint Spectrum Company LLC 4.738%, 03/20/2025 (D)	$	300,000	$	318,903
Textron, Inc. (3 month LIBOR + 0.550%) 2.731%, 11/10/2020 (C)		900,000		899,595
The Interpublic Group of Companies, Inc. 3.750%, 10/01/2021		300,000		307,537
United Technologies Corp. 3.650%, 08/16/2023		1,480,000		1,565,500
Verizon Communications, Inc. (3 month LIBOR + 1.100%) 3.258%, 05/15/2025 (C)		800,000		812,365
Volkswagen Group of America Finance LLC 2.450%, 11/20/2019 (D)		1,500,000		1,500,030
WEA Finance LLC 3.750%, 09/17/2024 (D)		200,000		211,960
Wells Fargo Bank NA (2.897% to 5-27-21, then 3 month LIBOR + 0.610%) 05/27/2022		600,000		606,737
ZF North America Capital, Inc. 4.500%, 04/29/2022 (D)		200,000		204,663
				36,039,824
TOTAL CORPORATE BONDS (Cost $84,201,713)			$	85,907,010
CAPITAL PREFERRED SECURITIES - 0.5%
United States - 0.5%
Dresdner Funding Trust I
8.151%, 06/30/2031 (D)		500,000		673,875
8.151%, 06/30/2031		200,000		269,550
				943,425
TOTAL CAPITAL PREFERRED SECURITIES (Cost $840,000)			$	943,425
MUNICIPAL BONDS - 1.1%
United States - 1.1%
American Municipal Power, Inc. (Ohio) 7.334%, 02/15/2028		700,000		909,461
Iowa Tobacco Settlement Authority 6.500%, 06/01/2023		195,000		198,005
State of California (1 month LIBOR + 0.780%) 2.796%, 04/01/2047 (C)		1,200,000		1,203,372
TOTAL MUNICIPAL BONDS (Cost $2,298,147)			$	2,310,838
TERM LOANS (G) - 0.3%
United States - 0.3%
CenturyLink, Inc., 2017 Term Loan B (1 month LIBOR + 2.750%), 4.794%, 01/31/2025		589,500		585,244
TOTAL TERM LOANS (Cost $587,382)			$	585,244
COLLATERALIZED MORTGAGE OBLIGATIONS - 13.9%
Commercial and residential - 12.6%
Adjustable Rate Mortgage Trust, Series 2005-5, Class 2A1, 4.602%, 09/25/2035 (H)		40,639		39,033
American Home Mortgage Investment Trust, Series 2004-3, Class 5A (12 month LIBOR + 1.500%), 3.689%, 10/25/2034 (C)		2,362		2,362

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Banc of America Funding Corp.
Series 2005-E, Class 1A1 (1 month LIBOR + 0.580%), 2.624%, 05/20/2035 (C)	$	119,964	$	106,261
Series 2006-J, Class 4A1, 4.647%, 01/20/2047 (H)		61,382		59,533
Bear Stearns Adjustable Rate Mortgage Trust
Series 2003-6, Class 1A1, 4.852%, 08/25/2033 (H)		27,294		28,277
Series 2003-7, Class 6A, 4.419%, 10/25/2033 (H)		27,094		27,727
Series 2003-9, Class 2A1, 4.619%, 02/25/2034 (H)		5,120		5,279
Series 2004-2, Class 22A, 4.855%, 05/25/2034 (H)		68,652		68,350
Series 2004-2, Class 23A, 3.441%, 05/25/2034 (H)		33,997		31,818
Series 2004-9, Class 22A1, 4.453%, 11/25/2034 (H)		21,338		22,018
Series 2005-12, Class 23A1, 4.069%, 02/25/2036 (H)		305,835		290,239
Bear Stearns ALT-A Trust
Series 2005-7, Class 22A1, 4.201%, 09/25/2035 (H)		430,194		358,179
Series 2005-9, Class 24A1, 4.040%, 11/25/2035 (H)		382,966		334,348
Bear Stearns Structured Products, Inc. Trust, Series 2007-R6, Class 1A1, 4.082%, 01/26/2036 (H)		821,534		729,341
Brunel Residential Mortgage Securitisation PLC, Series 2007-1X, Class A4B (3 month GBP LIBOR + 0.220%), 0.987%, 01/13/2039 (C)	GBP	346,277		416,629
Canada Mortgage & Housing Corp. (Merrill Lynch)
Series 98001212 (1 month CDOR - 0.690%), 2.044%, 06/01/2020 (C)	CAD	375,598		283,468
Series 98001247 (1 month CDOR - 0.700%), 2.244%, 07/01/2020 (C)		1,024,095		773,956
Series 98001289 (1 month CDOR - 0.673%), 2.244%, 08/01/2020 (C)		367,821		278,109
Chase Mortgage Finance Trust, Series 2007-A2, Class 7A1, 3.771%, 07/25/2037 (H)	$	56,318		50,979
Citigroup Mortgage Loan Trust, Inc., Series 2005-6, Class A1 (1 Year CMT + 2.100%), 4.680%, 09/25/2035 (C)		105,696		108,402
Countrywide Alternative Loan Trust
Series 2005-21CB, Class A3, 5.250%, 06/25/2035		68,153		67,144
Series 2005-56, Class 2A2 (12 month Treasury Average Index + 2.040%), 4.486%, 11/25/2035 (C)		49,200		46,988
Series 2005-56, Class 2A3 (12 month Treasury Average Index + 1.500%), 3.946%, 11/25/2035 (C)		59,000		54,705

 

70

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Countrywide Alternative Loan Trust (continued)
Series 2006-OA9, Class 2A1B (1 month LIBOR + 0.200%), 2.372%, 07/20/2046 (C)	$	229,973	$	190,132
Series 2007-11T1, Class A12 (1 month LIBOR + 0.350%), 2.495%, 05/25/2037 (C)		188,157		80,749
Series 2007-16CB, Class 5A1, 6.250%, 08/25/2037		99,476		84,378
Series 2007-OA11, Class A1B (12 month Treasury Average Index + 1.250%), 3.696%, 11/25/2047 (C)		1,010,325		899,588
Series 2007-OA3, Class 1A1 (1 month LIBOR + 0.140%), 2.285%, 04/25/2047 (C)		2,200,079		2,096,613
Countrywide Home Loan Mortgage Pass Through Trust
Series 2004-12, Class 11A1, 3.803%, 08/25/2034 (H)		18,462		17,566
Series 2004-22, Class A3, 4.241%, 11/25/2034 (H)		87,312		88,180
Series 2004-HYB5, Class 2A1, 4.178%, 04/20/2035 (H)		11,703		11,827
Series 2005-2, Class 2A1 (1 month LIBOR + 0.640%), 2.785%, 03/25/2035 (C)		36,758		37,572
Series 2004-25, Class 1A1 (1 month LIBOR + 0.660%), 2.805%, 02/25/2035 (C)		21,007		21,008
Series 2004-25, Class 2A1 (1 month LIBOR + 0.680%), 2.825%, 02/25/2035 (C)		29,800		28,865
Credit Suisse First Boston Mortgage Securities Corp.
Series 2003-8, Class 5A1, 6.500%, 04/25/2033		6,588		6,911
Series 2003-AR18, Class 2A3, 4.198%, 07/25/2033 (H)		4,961		5,084
Finsbury Square PLC, Series 2018-2, Class A (3 month GBP LIBOR + 0.950%), 1.730%, 09/12/2068 (C)	GBP	380,941		468,420
First Horizon Mortgage Pass Through Trust, Series 2005-AR3, Class 2A1, 4.603%, 08/25/2035 (H)	$	28,899		24,066
GreenPoint Mortgage Funding Trust, Series 2006-OH1, Class A1 (1 month LIBOR + 0.180%), 2.198%, 01/25/2037 (C)		145,871		140,780
Greenpoint Mortgage Pass-Through Certificates, Series 2003-1, Class A1, 4.775%, 10/25/2033 (H)		4,627		4,689
GS Mortgage Securities Trust, Series 2012-GCJ9, Class XA IO, 2.109%, 11/10/2045		3,194,956		160,162
GSR Mortgage Loan Trust, Series 2003-1, Class A2 (1 Year CMT + 1.750%), 4.300%, 03/25/2033 (C)		27,493		27,902

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
HarborView Mortgage Loan Trust
Series 2005-12, Class 1A1A (12 month Treasury Average Index + 2.000%), 4.446%, 10/19/2035 (C)	$	1,173,141	$	901,559
Series 2005-4, Class 3A1, 4.394%, 07/19/2035 (H)		22,605		21,388
Hawksmoor Mortgages, Series 2019-1A, Class A (3 month SONIA + 1.050%), 2.290%, 05/25/2053 (C)(D)	GBP	700,000		861,129
IndyMac Index Mortgage Loan Trust, Series 2004-AR11, Class 2A, 4.245%, 12/25/2034 (H)	$	25,750		25,954
JPMorgan Alternative Loan Trust
Series 2006-A5, Class 1A4 (1 month LIBOR + 0.240%), 2.625%, 10/25/2036 (C)		2,237,479		2,202,741
Series 2006-A6, Class 2A1, 5.500%, 11/25/2036 (H)		3,556		2,680
JPMorgan Mortgage Trust
Series 2003-A2, Class 3A1, 4.246%, 11/25/2033 (H)		30,304		31,242
Series 2006-S2, Class 1A3, 5.500%, 07/25/2036		186,057		160,782
Series 2007-A1, Class 5A5, 4.627%, 07/25/2035 (H)		127,143		130,254
Series 2007-A1, Class 5A6, 4.627%, 07/25/2035 (H)		115,584		116,175
Lanark Master Issuer PLC, Series 2019-1A, Class 1A2 (3 month GBP LIBOR + 0.820%), 1.581%, 12/22/2069 (C)(D)	GBP	373,333		460,488
Liberty Funding Pty, Ltd., Series 2019-2, Class A1A (1 month BBSW + 0.800%), 1.857%, 06/10/2051 (C)	AUD	352,319		237,834
MASTR Adjustable Rate Mortgages Trust, Series 2007-HF1, Class A1 (1 month LIBOR + 0.240%), 2.258%, 05/25/2037 (C)	$	373,033		231,996
Merrill Lynch Mortgage Investors Trust
Series 2003-A2, Class 1A1, 4.437%, 02/25/2033 (H)		47,388		46,154
Series 2005-3, Class 4A (1 month LIBOR + 0.250%), 2.395%, 11/25/2035 (C)		13,353		13,415
MRFC Mortgage Pass Through Trust, Series 2000-TBC3, Class A1 (1 month LIBOR + 0.440%), 2.635%, 12/15/2030 (C)		16,084		15,713
NCUA Guaranteed Notes Trust, Series 2010-R1, Class 1A (1 month LIBOR + 0.450%), 2.679%, 10/07/2020 (C)		631,117		631,391
Real Estate Asset Liquidity Trust, Series 2018-1A, Class A1, 3.072%, 08/12/2053 (D)	CAD	529,782		405,963
Residential Accredit Loans Trust
Series 2006-QA2, Class 2A1, 5.483%, 02/25/2036 (H)	$	361,202		323,042
Series 2006-QO6, Class A1 (1 month LIBOR + 0.180%), 2.198%, 06/25/2046 (C)		1,399,570		549,003

 

71

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Residential Accredit Loans Trust (continued)
Series 2007-QO2, Class A1 (1 month LIBOR + 0.150%), 2.168%, 02/25/2047 (C)	$	351,135	$	192,848
Residential Asset Securitization Trust, Series 2006-R1, Class A2 (1 month LIBOR + 0.400%), 2.545%, 01/25/2046 (C)		349,586		148,901
Residential Funding Mortgage Securities Trust, Series 2005-SA4, Class 1A21, 4.337%, 09/25/2035 (H)		76,707		63,324
Residential Mortgage Securities PLC
Series 29, Class A (3 month GBP LIBOR + 0.950%), 1.726%, 12/20/2046 (C)	GBP	321,492		395,077
Series 30, Class A (3 month GBP LIBOR + 0.800%), 1.576%, 03/20/2050 (C)		352,238		431,594
Series 31, Class A (3 month GBP LIBOR + 1.200%), 1.979%, 09/20/2065 (C)		353,601		435,806
RESIMAC Bastille Trust Series, Series 2018-1NCA, Class A1 (1 month LIBOR + 0.850%), 3.079%, 12/05/2059 (C)(D)	$	786,000		786,138
Ripon Mortgages PLC, Series 1X, Class A1 (3 month GBP LIBOR + 0.800%), 1.565%, 08/20/2056 (C)	GBP	377,766		463,742
RMAC PLC, Series 2018-1, Class A (3 month GBP LIBOR + 0.700%), 1.480%, 06/12/2046 (C)		416,269		505,686
Sequoia Mortgage Trust
Series 2003-4, Class 2A1 (1 month LIBOR + 0.350%), 2.394%, 07/20/2033 (C)	$	57,467		56,569
Series 5, Class A (1 month LIBOR + 0.700%), 2.882%, 10/19/2026 (C)		7,648		7,585
Silverstone Master Issuer PLC, Series 2019-1A, Class 2A (SONIA + 0.750%), 1.460%, 01/21/2070 (C)(D)	GBP	400,000		493,040
Structured Adjustable Rate Mortgage Loan Trust
Series 2004-1, Class 4A1, 4.458%, 02/25/2034 (H)	$	51,602		52,038
Series 2004-12, Class 7A1, 4.234%, 09/25/2034 (H)		41,637		42,441
Series 2004-4, Class 3A2, 4.608%, 04/25/2034 (H)		80,010		83,098
Series 2005-18, Class 6A1, 4.396%, 09/25/2035 (H)		101,276		98,670
Structured Asset Mortgage Investments, Inc.
Series 2004-AR3, Class 1A2 (1 month LIBOR + 0.580%), 2.637%, 07/19/2034 (C)		22,241		22,391
Series 2006-AR5, Class 1A1 (1 month LIBOR + 0.210%), 2.355%, 05/25/2036 (C)		361,268		341,716

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-RF4, Class 1A1 (1 month LIBOR + 0.290%), 2.435%, 10/25/2036 (C)(D)	$	525,183	$	461,496
Thornburg Mortgage Securities Trust
Series 2003-5, Class 1A, 3.948%, 10/25/2043 (H)		262,543		261,657
Series 2007-2, Class A1 (1 month LIBOR + 1.250%), 3.268%, 06/25/2037 (C)		249,434		236,691
Series 2007-2, Class A2A (12 month LIBOR + 1.250%), 3.283%, 06/25/2037 (C)		338,687		319,426
Series 2007-2, Class A3A (12 month LIBOR + 1.200%), 3.233%, 06/25/2037 (C)		426,704		392,699
Series 2007-3, Class 2A1 (12 month LIBOR + 1.250%), 3.223%, 06/25/2047 (C)		85,353		81,330
Series 2007-3, Class 3A1 (12 month LIBOR + 1.250%), 3.223%, 06/25/2047 (C)		183,443		169,800
Series 2007-3, Class 4A1 (12 month LIBOR + 1.250%), 3.223%, 06/25/2047 (C)		66,206		60,758
Towd Point Mortgage Funding PLC
Series 2018-A12X, Class A (3 month GBP LIBOR + 0.800%), 1.604%, 02/20/2045 (C)	GBP	352,112		431,480
Series 2019-GR4A, Class A1 (3 month GBP LIBOR + 1.025%), 1.798%, 10/20/2051 (C)(D)		566,269		696,518
Uropa Securities PLC
Series 2008-1, Class A (3 month GBP LIBOR + 0.200%), 0.972%, 06/10/2059 (C)		280,467		330,720
Series 2008-1, Class B (3 month GBP LIBOR + 0.750%), 1.522%, 06/10/2059 (C)		56,606		64,744
Series 2008-1, Class M1 (3 month GBP LIBOR + 0.350%), 1.122%, 06/10/2059 (C)		68,070		78,951
Series 2008-1, Class M2 (3 month GBP LIBOR + 0.550%), 1.322%, 06/10/2059 (C)		53,739		62,205
WaMu Mortgage Pass-Through Certificates
Series 2002-AR17, Class 1A (12 month Treasury Average Index + 1.200%), 3.646%, 11/25/2042 (C)	$	150,213		147,858
Series 2002-AR2, Class A (COFI + 1.250%), 2.391%, 02/27/2034 (C)		22,137		22,073
Series 2003-AR5, Class A7, 4.684%, 06/25/2033 (H)		24,697		25,438
Series 2005-AR2, Class 2A1A (1 month LIBOR + 0.310%), 2.455%, 01/25/2045 (C)		22,715		22,569

 

72

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Warwick Finance Residential Mortgages PLC, Series 2, Class A (3 month GBP LIBOR + 1.500%), 2.265%, 09/21/2049 (C)	GBP	153,576	$	189,810
Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR5, Class 3A (12 month Treasury Average Index + 0.940%), 3.386%, 07/25/2046 (C)	$	203,007		150,126
WFRBS Commercial Mortgage Trust, Series 2013-C11, Class XA IO, 1.338%, 03/15/2045 (D)		8,159,862		274,874
				25,048,427
U.S. Government Agency - 1.3%
Federal Home Loan Mortgage Corp.
Series 4579, Class FD (1 month LIBOR + 0.350%), 2.859%, 01/15/2038 (C)		563,692		559,214
Series 4579, Class SD IO, 2.169%, 01/15/2038		563,692		39,028
Series T-62, Class 1A1 (12 month Treasury Average Index + 1.200%), 3.646%, 10/25/2044 (C)		625,840		632,598
Federal National Mortgage Association
Series 2002-W8, Class F (1 month LIBOR + 0.400%), 2.545%, 09/25/2032 (C)		750		749
Series 2004-W2, Class 5AF (1 month LIBOR + 0.350%), 2.495%, 03/25/2044 (C)		18,243		18,232
Series 2006-48, Class TF (1 month LIBOR + 0.400%), 2.418%, 06/25/2036 (C)		41,586		41,640
Government National Mortgage Association, Series 2004-68, Class ZC, 6.000%, 08/20/2034		1,164,446		1,305,535
				2,596,996
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $28,416,621)			$	27,645,423
ASSET BACKED SECURITIES - 4.7%
Amresco Residential Securities Corp. Mortgage Loan Trust, Series 1999-1, Class A (1 month LIBOR + 0.940%) 2.958%, 06/25/2029 (C)		25,455		24,730
Apex Credit CLO, Ltd., Series 2016-1A, Class ASR (3 month LIBOR + 1.050%) 3.306%, 10/27/2028 (C)(D)		500,000		499,973
Arbour CLO IV DAC, Series 4A, Class A2R (3 month EURIBOR + 0.870%) 0.870%, 01/15/2030 (C)(D)	EUR	500,000		545,005
Crown Point CLO, Ltd., Series 2018-6A, Class A1 (3 month LIBOR + 1.170%) 3.448%, 10/20/2028 (C)(D)	$	500,000		499,995
CWABS Asset-Backed Certificates Trust, Series 2005-4, Class MV5 (1 month LIBOR + 1.005%) 3.150%, 10/25/2035 (C)		2,100,000		2,105,149

Global Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Dryden Leveraged Loan CDO, Series 2014-35A, Class AAR (6 month EURIBOR + 0.950%) 0.718%, 05/17/2027 (C)(D)	EUR	249,413	$	271,832
Dryden Leveraged Loan CDO, Series 2016-46A, Class A1R (3 month EURIBOR + 0.880%) 0.880%, 01/15/2030 (C)(D)		500,000		544,827
Euro-Galaxy V CLO BV, Series 2016-5A, Class ARV (3 month EURIBOR + 0.820%) 0.820%, 11/10/2030 (C)(D)		500,000		544,986
Home Equity Asset Trust, Series 2002-1, Class A4 (1 month LIBOR + 0.600%) 2.745%, 11/25/2032 (C)	$	1,283		1,253
Man GLG Euro CLO II DAC, Series 2A, Class A1R (3 month EURIBOR + 0.870%) 0.874%, 01/15/2030 (C)(D)	EUR	500,000		547,501
Morgan Stanley ABS Capital I, Inc. Trust, Series 2006-HE6, Class A2B (1 month LIBOR + 0.100%) 2.118%, 09/25/2036 (C)	$	1,140,456		541,030
Ocean Trails CLO VI, Series 2016-6A, Class AR (3 month LIBOR + 1.150%) 3.453%, 07/15/2028 (C)(D)		500,000		500,054
OZLME BV, Series 1A, Class AR (3 month EURIBOR + 0.820%) 0.820%, 01/18/2030 (C)(D)	EUR	500,000		540,760
RAMP Series Trust, Series 2002-RS3, Class AII1 (1 month LIBOR + 0.560%) 2.578%, 06/25/2032 (C)	$	7,084		6,846
Renaissance Home Equity Loan Trust, Series 2002-3, Class M2 (1 month LIBOR + 2.550%) 4.568%, 12/25/2032 (C)		347,937		341,903
Securitized Asset Backed Receivables LLC Trust, Series 2007-NC1, Class A2A (1 month LIBOR + 0.050%) 2.068%, 12/25/2036 (C)		42,488		23,872
Terwin Mortgage Trust, Series 2003-6HE, Class A1 (1 month LIBOR + 0.940%) 2.958%, 11/25/2033 (C)		29,432		28,136
THL Credit Wind River CLO, Ltd., Series 2012-1A, Class AR2 (3 month LIBOR + 0.880%) 3.183%, 01/15/2026 (C)(D)		500,000		500,021
Tikehau CLO II BV, Series 2A, Class AR (3 month EURIBOR + 0.880%) 0.880%, 12/07/2029 (C)(D)	EUR	500,000		545,849
Towd Point Mortgage Trust, Series 2019-HY2, Class A1 (1 month LIBOR + 1.000%) 3.145%, 05/25/2058 (C)(D)	$	334,193		336,254
Toyota Auto Loan Extended Note Trust, Series 2019-1A, Class A 3.270%, 11/25/2031 (D)		500,000		511,069

 

73

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Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
United States Small Business Administration, Series 2000-20K, Class 1 7.220%, 11/01/2020	$	2,994	$	3,022
TOTAL ASSET BACKED SECURITIES (Cost $9,373,889)			$	9,464,067
COMMON STOCKS - 0.0%
United States - 0.0%
Rescap Liquidating Trust (I)		5,054		5,054
TOTAL COMMON STOCKS (Cost $1,185)			$	5,054
PREFERRED SECURITIES - 0.2%
United Kingdom - 0.2%
Nationwide Building Society, 10.250% (C)		1,940		373,304
TOTAL PREFERRED SECURITIES (Cost $410,172)			$	373,304
ESCROW SHARES - 0.1%
United States - 0.1%
Lehman Brothers Holdings, Inc.
5.460%, 12/31/2016 (I)	$	4,100,000		56,990
5.625%, 01/24/2013 (I)		4,500,000		63,900
6.875%, 05/02/2018 (I)		2,100,000		30,240
TOTAL ESCROW SHARES (Cost $0)			$	151,130
PURCHASED OPTIONS - 0.1%
Calls - 0.0%
Exchange Traded Option on 10-Year Canadian Treasury Note Futures (Expiration Date: 11-15-19; Strike Price: CAD 160.00; Notional Amount: 3,000) (I)		3		11
Exchange Traded Option on Euro BOBL Futures (Expiration Date: 11-22-19; Strike Price: EUR 141.00; Notional Amount: 800,000) (I)		8		44
Exchange Traded Option on Euro BUND Futures (Expiration Date: 11-22-19; Strike Price: EUR 185.00; Notional Amount: 4,100,000) (I)		41		455
Exchange Traded Option on Euro BUND Futures (Expiration Date: 11-22-19; Strike Price: EUR 186.50; Notional Amount: 3,400,000) (I)		34		377
Exchange Traded Option on Euro BUND Futures (Expiration Date: 11-22-19; Strike Price: EUR 187.00; Notional Amount: 1,000,000) (I)		10		111
Exchange Traded Option on Euro OAT Futures (Expiration Date: 11-22-19; Strike Price: EUR 200.00; Notional Amount: 5,200,000) (I)		52		580
Exchange Traded Option on Euro Schatz Futures (Expiration Date: 11-22-19; Strike Price: EUR 114.10; Notional Amount: 4,300,000) (I)		43		239
Exchange Traded Option on Euro Schatz Futures (Expiration Date: 11-22-19; Strike Price: EUR 114.90; Notional Amount: 5,000,000) (I)		50		277
Exchange Traded Option on Euro Schatz Futures (Expiration Date: 11-22-19; Strike Price: EUR 115.50; Notional Amount: 25,000,000) (I)		250		1,388

Global Bond Trust (continued)

	Shares or Principal Amount	Value
PURCHASED OPTIONS (continued)
Calls (continued)
Exchange Traded Option on U.K. Long Gilt Bond Futures (Expiration Date: 11-22-19; Strike Price: GBP 159.00; Notional Amount: 1,000,000) (I)	10	$	2
Exchange Traded Option on U.K. Long Gilt Bond Futures (Expiration Date: 11-22-19; Strike Price: GBP 163.00; Notional Amount: 700,000) (I)	7		0
Over the Counter Option on the USD vs. INR (Expiration Date: 10-16-19; Strike Price: $82.00; Counterparty: HSBC Bank USA) (I)(J)	2,600,000		3
Over the Counter Option on the USD vs. INR (Expiration Date: 10-16-19; Strike Price: $82.00; Counterparty: HSBC Bank USA) (I)(J)	600,000		1
			3,488
Puts - 0.1%
Exchange Traded Option on 10-Year U.S. Treasury Note Futures (Expiration Date: 11-22-19; Strike Price: $116.00; Notional Amount: 157,000) (I)	157		0
Exchange Traded Option on 5-Year U.S. Treasury Note Futures (Expiration Date: 11-22-19; Strike Price: $109.25; Notional Amount: 321,000) (I)	321		1,254
Exchange Traded Option on Euro BOBL Futures (Expiration Date: 11-22-19; Strike Price: EUR 130.25; Notional Amount: 4,000,000) (I)	40		221
Exchange Traded Option on Euro BTP Futures (Expiration Date: 11-22-19; Strike Price: EUR 100.00; Notional Amount: 600,000) (I)	6		67
Exchange Traded Option on Ultra U.S. Treasury Bond Futures (Expiration Date: 11-22-19; Strike Price: $135.00; Notional Amount: 27,000) (I)	27		232
Exchange Traded Option on Ultra U.S. Treasury Bond Futures (Expiration Date: 11-22-19; Strike Price: $137.00; Notional Amount: 4,000) (I)	4		0
Over the Counter Option on 2 Year Interest Rate Swap. Receive a floating rate based on 6-month JPY LIBOR and pay a fixed rate of 0.147% (Expiration Date: 6-29-20; Strike Rate: 0.147%; Counterparty: Morgan Stanley, Inc.) (I)(J)	168,000,000		1,315
Over the Counter Option on 30 Year Interest Rate Swap. Receive a floating rate based on 3-month USD LIBOR and pay a fixed rate of 1.733% (Expiration Date: 8-26-21; Strike Rate: 1.733%; Counterparty: Credit Suisse Securities (USA) LLC) (I)(J)	700,000		57,971

 

74

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

		Shares or Principal Amount	Value
PURCHASED OPTIONS (continued)
Puts (continued)
Over the Counter Option on 30 Year Interest Rate Swap. Receive a floating rate based on 3-month USD LIBOR and pay a fixed rate of 1.752% (Expiration Date: 8-23-21; Strike Rate: 1.752%; Counterparty: Morgan Stanley, Inc.) (I)(J)		600,000	$	48,273
Over the Counter Option on 30 Year Interest Rate Swap. Receive a floating rate based on 3-month USD LIBOR and pay a fixed rate of 1.779% (Expiration Date: 8-19-20; Strike Rate: 1.779%; Counterparty: Deutsche Bank AG) (I)(J)		800,000		42,404
Over the Counter Option on the AUD vs. USD (Expiration Date: 10-15-19; Strike Price: AUD 0.63; Counterparty: Bank of America N.A.) (I)(J)		3,000,000		2
Over the Counter Option on the USD vs. BRL (Expiration Date: 12-12-19; Strike Price: $4.02; Counterparty: Goldman Sachs Bank USA) (I)(J)		1,008,000		7,877
				159,616
TOTAL PURCHASED OPTIONS (Cost $189,212)			$	163,104
SHORT-TERM INVESTMENTS - 2.5%
Foreign government - 1.4%
Italy Treasury Bill (0.294%), 11/14/2019 *	EUR	2,500,000		2,726,131
Repurchase agreement - 1.1%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $2,254,050 on 10-1-19, collateralized by $2,250,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $2,302,043, including interest)	$	2,254,000		2,254,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,990,983)			$	4,980,131
Total Investments (Global Bond Trust) (Cost $289,224,925) - 147.3%			$	293,597,274
Other assets and liabilities, net - (47.3%)				(94,226,028)
TOTAL NET ASSETS - 100.0%			$	199,371,246
SECURITIES SOLD SHORT - (1.3%)
Foreign government - (1.3)%
Government of Canada 2.750%, 12/01/2048	CAD	(2,600,000)	$	(2,517,870)
TOTAL SECURITIES SOLD SHORT (Cost $(2,488,742))			$	(2,517,870)

Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar

Global Bond Trust (continued)

DKK	Danish Krone
EUR	Euro
GBP	Pound Sterling
INR	Indian Rupee
JPY	Japanese Yen
MYR	Malaysian Ringgit
NOK	Norwegian Krone
PEN	Peruvian Nuevo Sol
PLN	Polish Zloty
SEK	Swedish Krona
Security Abbreviations and Legend
BBSW	Bank Bill Swap Rate
CDOR	Canadian Dollar Offered Rate
CIBOR	Copenhagen Interbank Offered Rate
CMT	Constant Maturity Treasury
COFI	11th Federal Home Loan Bank District Cost of Funds Index
CPI	Consumer Price 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
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.
SONIA	Sterling Overnight Interbank Average 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 $53,722,056 or 26.9% of the fund's net assets as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Australian Treasury Bond Futures	4	Long	Dec 2019	$399,758	$397,814	$(1,944)

75

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)
FUTURES (continued)

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Japan Government Bond Futures	1	Long	Dec 2019	$1,433,344	$1,433,711	$367
10-Year U.S. Treasury Note Futures	110	Long	Dec 2019	14,418,692	14,334,375	(84,317)
3-Year Australian Treasury Bond Futures	79	Long	Dec 2019	6,146,509	6,168,759	22,250
5-Year U.S. Treasury Note Futures	198	Long	Dec 2019	23,730,886	23,591,391	(139,495)
Euro-BTP Italian Government Bond Futures	28	Long	Dec 2019	4,373,367	4,450,834	77,467
Euro-Buxl Futures	5	Long	Dec 2019	1,220,204	1,185,321	(34,883)
German Euro BOBL Futures	19	Long	Dec 2019	2,829,912	2,809,183	(20,729)
Short-term Euro-BTP Italian Government Bond Futures	82	Long	Dec 2019	10,076,188	10,071,773	(4,415)
Ultra U.S. Treasury Bond Futures	31	Long	Dec 2019	6,051,853	5,949,094	(102,759)
10-Year Canada Government Bond Futures	14	Short	Dec 2019	(1,490,750)	(1,506,888)	(16,138)
Euro Schatz Futures	343	Short	Dec 2019	(42,087,129)	(41,994,903)	92,226
Euro-OAT Futures	49	Short	Dec 2019	(9,189,245)	(9,095,843)	93,402
German Euro BUND Futures	45	Short	Dec 2019	(8,494,366)	(8,546,573)	(52,207)
U.K. Long Gilt Bond Futures	13	Short	Dec 2019	(2,132,013)	(2,145,711)	(13,698)
						$(184,873)

^ 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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
AUD	3,000	USD	2,018	BOA	10/3/2019	$7	—
AUD	594,000	USD	400,647	BNP	10/3/2019	289	—
AUD	1,191,000	USD	805,623	SCB	10/3/2019	—	$(1,727)
AUD	4,013,000	USD	2,722,613	MSI	11/15/2019	—	(10,041)
BRL	2,788,072	USD	676,202	BOA	10/2/2019	—	(5,177)
BRL	150,094	USD	37,000	CITI	10/2/2019	—	(876)
BRL	15,555,035	USD	3,723,082	CSFB	10/2/2019	20,654	—
BRL	12,180,934	USD	2,925,015	DB	10/2/2019	6,653	—
BRL	1,895,075	USD	455,066	GSI	10/2/2019	1,035	—
BRL	8,300,000	USD	2,175,737	CITI	1/3/2020	—	(189,093)
BRL	8,400,000	USD	2,202,643	GSI	1/3/2020	—	(192,064)
CAD	100,000	USD	75,969	BARC	10/2/2019	—	(488)
CAD	403,000	USD	304,109	BNP	10/2/2019	81	—
CAD	985,000	USD	739,295	CITI	10/2/2019	4,198	—
CAD	160,000	USD	121,146	UBS	10/2/2019	—	(376)
CAD	274,000	USD	205,802	BNP	10/3/2019	1,021	—
CAD	1,604,000	USD	1,211,517	GSI	10/3/2019	—	(772)
CHF	212,000	USD	214,449	BNP	10/3/2019	—	(2,016)
CHF	605,000	USD	610,673	HUS	10/3/2019	—	(4,438)
CHF	1,170,000	USD	1,219,186	MSI	11/15/2019	—	(42,516)
CLP	93,360,940	USD	131,643	BARC	12/3/2019	—	(3,441)
CNY	15,539,937	USD	2,165,151	NWM	12/18/2019	7,340	—
CNY	4,422,915	USD	613,272	BOA	3/18/2020	3,747	—
CNY	7,261,500	USD	1,016,390	DB	3/18/2020	—	(3,376)
CNY	4,436,821	USD	617,872	HUS	3/18/2020	1,086	—
COP	5,022,763,816	USD	1,569,295	GSI	10/15/2019	—	(126,792)
CZK	4,097,188	USD	176,627	BNP	10/21/2019	—	(3,461)
CZK	4,079,213	USD	174,408	HUS	1/17/2020	—	(1,601)
DKK	45,179,306	USD	6,646,459	BOA	10/1/2019	—	(50,892)
DKK	2,620,000	USD	402,536	JPM	10/1/2019	—	(20,051)
DKK	4,090,000	USD	603,109	GSI	1/2/2020	—	(1,340)
EUR	807,160	RON	3,859,032	CITI	10/22/2019	—	(5,244)
EUR	118,597	RON	588,217	BOA	3/16/2020	—	(3,795)
EUR	103,264	RON	512,783	BNP	3/16/2020	—	(3,445)
EUR	104,022	RON	516,469	CITI	3/16/2020	—	(3,452)
EUR	104,117	RON	517,295	MSI	3/16/2020	—	(3,537)
EUR	179,000	USD	195,163	BNP	10/3/2019	—	(47)
EUR	1,117,000	USD	1,237,308	UBS	10/3/2019	—	(19,741)
EUR	8,558,074	USD	9,630,797	BARC	11/15/2019	—	(272,509)
EUR	3,179,000	USD	3,536,354	CITI	11/15/2019	—	(60,105)
EUR	1,672,000	USD	1,856,729	JPM	11/15/2019	—	(28,390)
EUR	2,505,000	USD	2,779,540	NWM	11/15/2019	—	(40,313)
EUR	481,000	USD	527,605	UBS	11/15/2019	—	(1,630)

76

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
EUR	31,000	USD	39,634	MSI	6/28/2021	—	$(4,442)
GBP	974,511	USD	1,200,763	BOA	10/2/2019	—	(2,553)
GBP	862,000	USD	1,075,520	CITI	10/2/2019	—	(15,648)
GBP	421,000	USD	525,042	GSI	10/2/2019	—	(7,402)
GBP	1,000	USD	1,244	BOA	10/3/2019	—	(14)
GBP	167,000	USD	201,697	BNP	10/3/2019	$3,646	—
GBP	5,000	USD	6,214	SCB	10/3/2019	—	(66)
GBP	170,000	USD	210,204	UBS	10/3/2019	—	(1,172)
HKD	176,172	USD	22,545	BNP	12/16/2019	—	(50)
HKD	1,504,502	USD	192,557	HUS	12/16/2019	—	(451)
HKD	6,853,880	USD	877,231	JPM	12/16/2019	—	(2,080)
HKD	3,712,907	USD	475,252	MSI	12/16/2019	—	(1,163)
HKD	3,062,000	USD	391,900	SCB	12/16/2019	—	(923)
HKD	254,539	USD	32,513	HUS	12/18/2019	—	(12)
HUF	44,267,082	USD	149,705	JPM	2/10/2020	—	(4,455)
IDR	1,704,043,000	USD	121,000	HUS	12/18/2019	—	(1,984)
IDR	648,370,000	USD	46,000	JPM	12/18/2019	—	(716)
IDR	25,996,046,825	USD	1,795,274	SCB	12/18/2019	20,371	—
ILS	542,000	USD	154,653	JPM	12/16/2019	1,885	—
INR	18,376,603	USD	258,000	BNP	10/17/2019	1,470	—
INR	142,710	USD	2,000	GSI	10/17/2019	15	—
INR	101,451,966	USD	1,400,343	HUS	10/18/2019	32,005	—
INR	143,780	USD	2,000	BOA	12/18/2019	16	—
INR	22,067,160	USD	307,000	BNP	12/18/2019	2,420	—
INR	9,266,715	USD	129,000	HUS	12/18/2019	936	—
INR	18,903,099	USD	261,805	JPM	12/18/2019	3,250	—
INR	129,222,180	USD	1,761,000	HUS	4/27/2020	20,852	—
INR	128,572,500	USD	1,750,000	BNP	5/4/2020	21,353	—
JPY	70,800,000	USD	671,090	UBS	10/2/2019	—	(16,292)
JPY	43,170,000	USD	399,476	BNP	10/3/2019	—	(190)
JPY	87,288,000	USD	816,134	MSI	10/3/2019	—	(8,794)
JPY	70,800,000	USD	659,341	UBS	11/5/2019	—	(3,091)
JPY	2,327,926,718	USD	22,276,050	HUS	11/15/2019	—	(684,453)
JPY	24,300,000	USD	230,147	SCB	11/15/2019	—	(4,764)
KRW	1,218,912,621	USD	1,021,635	CITI	10/17/2019	—	(4,625)
KRW	2,794,795,729	USD	2,311,946	HUS	12/18/2019	23,722	—
MXN	12,645,000	USD	648,618	MSI	10/9/2019	—	(8,608)
MXN	42,687,355	USD	2,175,895	CITI	10/16/2019	—	(17,824)
MXN	10,205,355	USD	520,769	BNP	10/23/2019	—	(5,429)
MXN	26,226,000	USD	1,310,560	CITI	11/19/2019	7,980	—
MXN	10,205,355	USD	515,313	HUS	1/16/2020	—	(6,609)
MXN	22,116,000	USD	1,100,490	JPM	1/22/2020	952	—
MYR	1,300,000	USD	309,671	MSI	11/4/2019	451	—
MYR	2,649,596	USD	630,256	MSI	12/18/2019	1,098	—
NOK	12,000	USD	1,321	BNP	10/3/2019	—	(2)
NOK	1,877,000	USD	206,340	CITI	10/3/2019	—	(19)
NOK	5,437,000	USD	608,033	SCB	10/3/2019	—	(10,395)
NOK	1,215,000	USD	136,421	HUS	11/15/2019	—	(2,775)
NZD	771,000	USD	496,661	BNP	10/2/2019	—	(13,861)
NZD	800,000	USD	505,347	CITI	10/2/2019	—	(4,387)
NZD	989,000	USD	624,955	GSI	10/3/2019	—	(5,629)
NZD	955,000	USD	600,515	HUS	10/3/2019	—	(2,480)
NZD	964,000	USD	608,621	SCB	10/3/2019	—	(4,950)
PLN	2,999,352	USD	765,152	SCB	2/10/2020	—	(15,831)
RON	2,048,000	EUR	420,868	CITI	3/16/2020	4,444	—
RON	86,764	EUR	17,847	MSI	3/16/2020	169	—
RON	1,918,000	USD	449,947	BNP	10/22/2019	—	(9,424)
RON	1,923,000	USD	448,585	CITI	10/22/2019	—	(6,914)
SEK	3,908,000	USD	401,793	BNP	10/3/2019	—	(4,776)
SEK	1,974,000	USD	204,528	JPM	10/3/2019	—	(3,988)
SEK	127,000	USD	12,955	SCB	10/3/2019	—	(53)
SEK	7,920,961	USD	808,787	UBS	10/3/2019	—	(4,090)
SEK	3,406,165	USD	358,999	MSI	11/15/2019	—	(12,003)
THB	19,235,209	USD	627,842	BNP	12/18/2019	2,007	—
TWD	33,600,608	USD	1,082,000	BNP	10/16/2019	1,024	—
TWD	9,300,000	USD	300,000	BARC	11/21/2019	715	—

77

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
TWD	2,118,880	USD	68,000	CITI	11/21/2019	$514	—
TWD	3,374,460	USD	108,000	CSFB	11/21/2019	1,113	—
TWD	7,672,740	USD	246,000	DB	11/21/2019	2,098	—
TWD	7,014,375	USD	225,000	HUS	11/21/2019	1,809	—
TWD	1,401,750	USD	45,000	SCB	11/21/2019	326	—
TWD	33,600,608	USD	1,095,124	DB	12/18/2019	—	$(6,182)
USD	793,582	AUD	1,171,000	BOA	10/3/2019	3,185	—
USD	219,374	AUD	319,000	HUS	10/3/2019	4,057	—
USD	905,395	AUD	1,329,000	CITI	11/15/2019	7,063	—
USD	139,272	AUD	204,000	HUS	11/15/2019	1,379	—
USD	671,000	BRL	2,788,072	BOA	10/2/2019	—	(24)
USD	36,042	BRL	150,094	CITI	10/2/2019	—	(82)
USD	3,735,240	BRL	15,555,035	CSFB	10/2/2019	—	(8,495)
USD	2,926,983	BRL	12,180,934	DB	10/2/2019	—	(4,685)
USD	455,000	BRL	1,895,075	GSI	10/2/2019	—	(1,101)
USD	3,715,922	BRL	15,555,035	CSFB	11/4/2019	—	(19,184)
USD	2,066,116	BRL	8,400,000	BNP	1/3/2020	55,536	—
USD	2,094,109	BRL	8,300,000	GSI	1/3/2020	107,465	—
USD	155,786	CAD	205,000	CITI	10/2/2019	1,048	—
USD	104,061	CAD	138,000	GSI	10/2/2019	—	(104)
USD	343,306	CAD	453,000	HUS	10/2/2019	1,375	—
USD	601,976	CAD	797,000	BNP	10/3/2019	378	—
USD	609,092	CAD	801,000	CITI	10/3/2019	4,475	—
USD	411,724	CAD	546,000	SCB	10/3/2019	—	(413)
USD	210,320	CHF	207,294	CITI	10/3/2019	2,603	—
USD	617,112	CHF	610,000	UBS	10/3/2019	5,867	—
USD	60,921	CHF	60,000	BOA	11/15/2019	579	—
USD	262,582	CNY	1,891,769	DB	3/18/2020	—	(1,329)
USD	754,894	CNY	5,445,051	HUS	3/18/2020	—	(4,717)
USD	379,638	COP	1,284,921,550	CITI	11/25/2019	11,329	—
USD	174,408	CZK	4,088,642	HUS	10/21/2019	1,602	—
USD	7,354,710	DKK	47,987,273	CITI	10/1/2019	349,217	—
USD	6,700,676	DKK	45,179,306	BOA	1/2/2020	53,356	—
USD	1,018,331	EUR	921,121	CITI	10/3/2019	14,279	—
USD	598,437	EUR	543,000	SCB	10/3/2019	6,549	—
USD	417,660	EUR	380,000	UBS	10/3/2019	3,447	—
USD	889,331	EUR	798,000	BOA	11/15/2019	16,715	—
USD	861,337	EUR	782,000	BARC	11/15/2019	6,216	—
USD	3,597,335	EUR	3,240,000	BNP	11/15/2019	54,382	—
USD	4,889,825	EUR	4,405,000	CITI	11/15/2019	72,940	—
USD	1,405,352	EUR	1,269,000	JPM	11/15/2019	17,695	—
USD	2,757,027	GBP	2,257,511	CITI	10/2/2019	—	(18,695)
USD	605,076	GBP	491,000	BNP	10/3/2019	1,342	—
USD	614,201	GBP	503,000	JPM	10/3/2019	—	(4,289)
USD	1,202,386	GBP	974,511	BOA	11/4/2019	2,568	—
USD	253,275	HKD	1,981,000	BARC	12/16/2019	328	—
USD	471,547	HKD	3,690,000	CITI	12/16/2019	383	—
USD	936,796	HKD	7,324,554	HUS	12/16/2019	1,547	—
USD	295,736	HKD	2,313,907	MSI	12/16/2019	280	—
USD	122,000	HKD	958,615	BNP	9/3/2020	—	(401)
USD	1,237,000	HKD	9,721,583	SCB	9/3/2020	—	(4,307)
USD	299,748	IDR	4,255,524,000	HUS	12/18/2019	2,529	—
USD	258,751	INR	18,519,313	JPM	10/17/2019	—	(2,734)
USD	794,213	INR	55,880,819	BNP	10/18/2019	5,261	—
USD	620,000	INR	45,571,147	HUS	10/18/2019	—	(23,395)
USD	382,000	INR	27,827,554	BARC	12/18/2019	—	(8,191)
USD	100,000	INR	7,271,500	SCB	12/18/2019	—	(1,959)
USD	210,000	INR	15,281,700	UBS	12/18/2019	—	(4,276)
USD	1,781,147	INR	129,222,180	GSI	4/27/2020	—	(706)
USD	895,461	INR	64,341,500	BNP	5/4/2020	9,023	—
USD	891,354	INR	64,231,000	JPM	5/4/2020	6,439	—
USD	657,840	JPY	70,800,000	UBS	10/2/2019	3,043	—
USD	1,221,061	JPY	130,504,000	CITI	10/3/2019	14,010	—
USD	210,598	JPY	22,600,000	BOA	11/15/2019	982	—
USD	167,920	JPY	17,800,000	BARC	11/15/2019	2,824	—
USD	335,989	JPY	35,500,000	CITI	11/15/2019	6,725	—

78

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	70,356	JPY	7,400,000	NWM	11/15/2019	$1,721	—
USD	77,939	JPY	8,400,000	SCB	11/15/2019	29	—
USD	1,020,000	KRW	1,214,144,862	BNP	10/17/2019	6,968	—
USD	4,000	KRW	4,767,759	GSI	10/17/2019	22	—
USD	1,023,496	KRW	1,218,912,621	CITI	12/18/2019	4,826	—
USD	44,029	KRW	52,929,900	HUS	12/18/2019	—	$(206)
USD	2,118,584	MXN	42,687,355	CITI	10/16/2019	—	(39,487)
USD	522,080	MXN	10,205,355	HUS	10/23/2019	6,740	—
USD	1,293,910	MXN	26,226,000	JPM	11/19/2019	—	(24,629)
USD	412,471	MYR	1,700,000	GSI	11/4/2019	6,927	—
USD	267,217	MYR	1,100,000	MSI	11/4/2019	4,806	—
USD	655,578	MYR	2,700,000	UBS	11/4/2019	11,479	—
USD	200,094	NOK	1,813,000	CITI	10/3/2019	808	—
USD	618,218	NOK	5,513,000	SCB	10/3/2019	12,225	—
USD	377,833	NOK	3,390,000	BOA	11/15/2019	4,946	—
USD	817,475	NZD	1,289,000	MSI	10/2/2019	10,303	—
USD	1,209,283	NZD	1,905,000	GSI	10/3/2019	16,344	—
USD	440,258	NZD	684,000	HUS	10/3/2019	11,927	—
USD	502,912	PEN	1,699,167	CITI	11/18/2019	—	(310)
USD	74,408	PEN	253,752	CITI	11/29/2019	—	(703)
USD	396,779	SEK	3,901,000	BNP	10/3/2019	473	—
USD	838,184	SEK	8,082,000	CITI	10/3/2019	17,126	—
USD	1,667,326	SGD	2,313,457	MSI	12/18/2019	—	(7,997)
USD	1,088,561	TWD	33,600,608	DB	10/16/2019	5,537	—
USD	794,154	TWD	24,857,794	HUS	11/21/2019	—	(9,622)
USD	93,212	TWD	2,925,000	JPM	11/21/2019	—	(1,368)
USD	116,625	TWD	3,650,000	SCB	11/21/2019	—	(1,398)
USD	2,066,943	TWD	64,292,274	BNP	12/18/2019	—	(16,667)
USD	309,045	TWD	9,503,127	MSI	12/18/2019	1,064	—
USD	734,886	TWD	22,465,479	NOM	12/18/2019	6,816	—
USD	1,093,442	ZAR	16,044,000	BNP	10/8/2019	34,921	—
USD	669,215	ZAR	10,025,000	GSI	10/8/2019	7,804	—
USD	847,943	ZAR	11,929,000	JPM	10/8/2019	60,913	—
ZAR	20,675,694	USD	1,447,057	CITI	10/7/2019	—	(82,774)
ZAR	9,339,000	USD	640,585	JPM	10/8/2019	—	(24,434)
ZAR	7,717,000	USD	499,951	MSI	10/8/2019	9,187	—
						$1,306,685	$(2,332,997)

WRITTEN OPTIONS

Options on exchange-traded futures contracts
Name of issuer		Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls
5-Year U.S. Treasury Note Futures	USD	119.00	Oct 2019	43	43,000	$10,690	$(21,164)
Euro BOBL Futures	EUR	136.50	Oct 2019	14	1,400,000	5,145	(379)
Euro BOBL Futures	EUR	136.50	Nov 2019	13	1,300,000	7,187	(1,177)
Euro BUND Futures	EUR	173.00	Nov 2019	3	300,000	4,551	(6,384)
Euro BUND Futures	EUR	175.00	Nov 2019	11	1,100,000	9,848	(9,979)
Euro BUND Futures	EUR	178.50	Nov 2019	22	2,200,000	19,795	(2,965)
						$57,216	$(42,048)
Puts
5-Year U.S. Treasury Note Futures	USD	117.00	Oct 2019	43	43,000	9,315	(840)
Euro BOBL Futures	EUR	136.50	Oct 2019	14	1,400,000	6,649	(13,371)
Euro BOBL Futures	EUR	136.50	Nov 2019	13	1,300,000	6,910	(13,216)
Euro BUND Futures	EUR	170.50	Oct 2019	44	4,400,000	13,690	(2,625)
Euro BUND Futures	EUR	173.00	Nov 2019	3	300,000	4,418	(2,294)
Euro BUND Futures	EUR	175.00	Nov 2019	11	1,100,000	22,629	(19,162)
Euro Schatz Futures	EUR	112.20	Nov 2019	48	4,800,000	4,551	(1,880)
						$68,162	$(53,388)
						$125,378	$(95,436)

79

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Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Foreign currency options
Description	Counterparty (OTC)		Exercise price	Expiration date	Notional amount*	Premium	Value
Calls
U.S. Dollar versus Brazilian Real	GSI	USD	4.28	Dec 2019	1,008,000	$11,350	$(14,138)
U.S. Dollar versus Chinese Yuan Renminbi	HUS	USD	7.18	Oct 2019	1,000,000	3,325	(4,217)
						$14,675	$(18,355)
Puts
U.S. Dollar versus Brazilian Real	GSI	USD	3.88	Dec 2019	1,008,000	6,582	(2,435)
U.S. Dollar versus Chinese Yuan Renminbi	HUS	USD	7.05	Oct 2019	1,000,000	3,325	(1,687)
						$9,907	$(4,122)
						$24,582	$(22,477)
* For this type of option, notional amounts are equivalent to number of contracts.

Interest rate swaptions
Description	Counterparty (OTC)	Floating rate index	Pay/receive floating rate	Exercise rate	Expiration date		Notional amount*	Premium	Value
Calls
30-Year Interest Rate Swap	CITI	6 month EUR EURIBOR	Receive	0.050%	Dec 2019	EUR	350,000	$9,000	$(6,896)
30-Year Interest Rate Swap	BARC	6 month EUR EURIBOR	Receive	0.000%	Dec 2019	EUR	100,000	2,813	(1,785)
30-Year Interest Rate Swap	DB	6 month EUR EURIBOR	Receive	0.000%	Dec 2019	EUR	500,000	11,418	(8,925)
5-Year Interest Rate Swap	GSI	3 month USD LIBOR	Receive	1.498%	Oct 2019	USD	2,100,000	9,681	(8,076)
5-Year Interest Rate Swap	GSI	3 month USD LIBOR	Receive	1.335%	Oct 2019	USD	2,100,000	3,318	(2,733)
								$36,230	$(28,415)
Puts
2-Year Interest Rate Swap	MSI	6 month JPY LIBOR	Pay	0.047%	Jun 2020	JPY	337,000,000	1,110	(1,048)
3-Year Interest Rate Swap	DB	3 month USD LIBOR	Pay	1.456%	Aug 2020	USD	6,700,000	42,278	(46,649)
3-Year Interest Rate Swap	MSI	3 month USD LIBOR	Pay	1.448%	Aug 2021	USD	5,000,000	44,534	(51,324)
3-Year Interest Rate Swap	CSFB	3 month USD LIBOR	Pay	1.399%	Aug 2021	USD	5,800,000	51,515	(63,557)
5-Year Interest Rate Swap	GSI	3 month USD LIBOR	Pay	1.497%	Oct 2019	USD	2,100,000	9,681	(8,170)
5-Year Interest Rate Swap	GSI	3 month USD LIBOR	Pay	1.660%	Oct 2019	USD	2,100,000	4,095	(2,345)
								$153,213	$(173,093)
								$189,443	$(201,508)
* For this type of option, notional amounts are equivalent to number of contracts.

Credit default swaptions
Description	Counterparty (OTC)	Index	Buy/sell protection	Exercise rate	Expiration date		Notional amount*	Premium	Value
Calls
5-Year Credit Default Swap	DB	iTraxx Europe Series 31 Version 2	Buy	0.400%	Dec 2019	EUR	400,000	$199	$(170)
5-Year Credit Default Swap	MLI	iTraxx Europe Series 32 Version 1	Buy	0.475%	Dec 2019	EUR	300,000	165	(146)
5-Year Credit Default Swap	DB	iTraxx Europe Series 32 Version 1	Buy	0.475%	Jan 2020	EUR	500,000	274	(339)
								$638	$(655)
Puts
5-Year Credit Default Swap	DB	iTraxx Europe Series 31 Version 2	Sell	0.700%	Dec 2019	EUR	400,000	419	(279)
5-Year Credit Default Swap	MLI	iTraxx Europe Series 32 Version 1	Sell	0.800%	Dec 2019	EUR	300,000	285	(204)
5-Year Credit Default Swap	DB	iTraxx Europe Series 32 Version 1	Sell	0.800%	Jan 2020	EUR	500,000	739	(534)
								$1,443	$(1,017)
								$2,081	$(1,672)
* For this type of option, notional amounts are equivalent to number of contracts.

Inflation floors
Description	Counterparty (OTC)	Initial index	Exercise index	Expiration date		Notional amount*	Premium	Value
Floor- CPURNSA Index	CITI	217.965	Maximum of ((1+0.0%)10 - (Final Index/Index Initial)) or $0	Sep 2020	USD	1,900,000	$24,510	—
							$24,510	—
* For this type of option, notional amounts are equivalent to number of contracts.

80

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Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

SWAPS

Interest rate swaps
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
BNP	1,200,000	ILS	ILS TELBOR Reuters	Fixed 1.180%	Annual	Quarterly	Jan 2024	—	$15,222	$15,222
BNP	6,100,000	CNY	CNY CNREPOFIX Reuters	Fixed 3.005%	Quarterly	Quarterly	Jun 2024	—	4,183	4,183
BNP	400,000	ILS	ILS TELBOR Reuters	Fixed 1.786%	Annual	Quarterly	May 2029	—	10,771	10,771
BOA	11,800,000	CNY	CNY CNREPOFIX Reuters	Fixed 3.025%	Quarterly	Quarterly	Jun 2024	—	9,569	9,569
CITI	3,500,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.935%	Quarterly	Quarterly	Apr 2024	—	1,246	1,246
CITI	4,400,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.898%	Quarterly	Quarterly	Jul 2024	—	220	220
CITI	800,000	ILS	ILS TELBOR Reuters	Fixed 1.755%	Annual	Quarterly	Apr 2029	—	20,868	20,868
GSCM	2,500,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.930%	Quarterly	Quarterly	Apr 2024	—	811	811
GSCM	1,389,000,000	KRW	KRW CD KSDA Bloomberg	Fixed 1.785%	Quarterly	Quarterly	Mar 2029	—	61,769	61,769
GSCM	700,000	ILS	ILS TELBOR Reuters	Fixed 1.780%	Annual	Quarterly	Apr 2029	—	18,811	18,811
GSCM	700,000	ILS	ILS TELBOR Reuters	Fixed 1.779%	Annual	Quarterly	Apr 2029	—	18,721	18,721
GSI	4,800,000	CNY	CNY CNREPOFIX Reuters	Fixed 3.010%	Quarterly	Quarterly	Jun 2024	—	3,442	3,442
HUS	800,000	ILS	ILS TELBOR Reuters	Fixed 1.785%	Annual	Quarterly	Apr 2029	—	21,581	21,581
JPM	700,000	ILS	ILS TELBOR Reuters	Fixed 1.775%	Annual	Quarterly	Apr 2029	$303	18,385	18,688
MSI	17,700,000	CNY	CNY CNREPOFIX Reuters	Fixed 3.200%	Quarterly	Quarterly	Jun 2024	—	33,732	33,732
NOM	1,250,000,000	KRW	KRW CD KSDA Bloomberg	Fixed 1.725%	Quarterly	Quarterly	Mar 2024	—	23,734	23,734
SCB	15,300,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.788%	Quarterly	Quarterly	Jul 2024	—	(10,237)	(10,237)
SCB	23,000,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.840%	Quarterly	Quarterly	Jul 2024	—	(8,301)	(8,301)
SCB	216,000,000	KRW	KRW CD KSDA Bloomberg	Fixed 1.795%	Quarterly	Quarterly	Mar 2029	—	9,776	9,776
								$303	$254,303	$254,606
Centrally cleared	133,300,000	USD	USD Federal Funds Rate Compounded OIS	Fixed 1.823%	At Maturity	At Maturity	Oct 2019	—	(3,532)	(3,532)
Centrally cleared	133,400,000	USD	USD Federal Funds Rate Compounded OIS	Fixed 1.852%	At Maturity	At Maturity	Oct 2019	—	(267)	(267)
Centrally cleared	1,820,000	NZD	NZD BBR FRA	Fixed 2.500%	Semi-Annual	Quarterly	Feb 2020	749	6,951	7,700
Centrally cleared	14,400,000	USD	1 month LIBOR + 0.117%	3 month LIBOR	Quarterly	Quarterly	Mar 2020	—	5,628	5,628
Centrally cleared	68,000,000	USD	Fixed 1.750%	USD LIBOR BBA	Semi-Annual	Quarterly	Jun 2020	478,908	(670,381)	(191,473)
Centrally cleared	7,300,000	GBP	GBP LIBOR BBA	Fixed 1.500%	At Maturity	Quarterly	Dec 2020	20,695	58,422	79,117
Centrally cleared	20,800,000	BRL	Fixed 7.345%	BRL CDI	At Maturity	At Maturity	Jul 2021	269	(179,167)	(178,898)
Centrally cleared	5,600,000	EUR	Fixed 0.000%	EUR EURIBOR Reuters	Annual	Semi-Annual	Dec 2021	(46,842)	(10,675)	(57,517)
Centrally cleared	9,300,000	USD	Fixed 2.500%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2021	(129,561)	(42,506)	(172,067)
Centrally cleared	8,800,000	USD	1 month LIBOR + 0.091%	3 month LIBOR	Monthly	Quarterly	Mar 2022	(358)	1,573	1,215
Centrally cleared	11,200,000	GBP	GBP LIBOR BBA	Fixed 0.750%	Semi-Annual	Semi-Annual	Mar 2022	(13,068)	56,945	43,877
Centrally cleared	29,600,000	USD	1 month LIBOR + 0.084%	3 month LIBOR	Quarterly	Quarterly	Apr 2022	—	5,882	5,882
Centrally cleared	7,000,000	USD	1 month LIBOR + 0.084%	3 month LIBOR	Quarterly	Quarterly	Jun 2022	—	8,611	8,611
Centrally cleared	8,500,000	USD	1 month LIBOR + 0.085%	3 month LIBOR	Quarterly	Quarterly	Jun 2022	(346)	11,322	10,976
Centrally cleared	8,600,000	MXN	MXN TIIE Banxico	Fixed 5.825%	Monthly	Monthly	Jan 2023	(26,289)	16,322	(9,967)
Centrally cleared	3,300,000	USD	1 month LIBOR + 0.086%	3 month LIBOR	Quarterly	Quarterly	Apr 2023	—	955	955
Centrally cleared	16,300,000	USD	1 month LIBOR + 0.073%	3 month LIBOR	Quarterly	Quarterly	Apr 2023	—	4,044	4,044
Centrally cleared	8,200,000	ZAR	ZAR JIBAR SAFEX	Fixed 7.250%	Quarterly	Quarterly	Jun 2023	2,687	5,047	7,734
Centrally cleared	2,650,000	USD	Fixed 1.305%	USD LIBOR BBA	Semi-Annual	Quarterly	Aug 2023	—	8,497	8,497
Centrally cleared	33,800,000	USD	Fixed 1.750%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2023	525,979	(994,828)	(468,849)
Centrally cleared	2,000,000	USD	USD LIBOR BBA	Fixed 3.000%	Semi-Annual	Quarterly	Jun 2024	55,458	79,955	135,413
Centrally cleared	2,100,000	USD	Fixed 1.298%	USD LIBOR BBA	Semi-Annual	Quarterly	Aug 2024	—	6,940	6,940
Centrally cleared	2,450,000	USD	Fixed 1.249%	USD LIBOR BBA	Semi-Annual	Quarterly	Aug 2024	—	11,283	11,283
Centrally cleared	2,900,000	EUR	EUR EURIBOR Reuters	Fixed 0.000%	Annual	Semi-Annual	Dec 2024	30,441	33,893	64,334
Centrally cleared	4,100,000	GBP	GBP LIBOR BBA	Fixed 1.000%	Semi-Annual	Semi-Annual	Dec 2024	16,582	86,070	102,652
Centrally cleared	13,900,000	EUR	EUR EURIBOR Reuters	Fixed -0.500%	Annual	Semi-Annual	Mar 2025	(131,712)	45,393	(86,319)
Centrally cleared	1,200,000	USD	Fixed 2.696%	USD Federal Funds Rate Compounded OIS	Annual	Annual	Apr 2025	—	(93,796)	(93,796)
Centrally cleared	1,200,000	USD	Fixed 2.684%	USD Federal Funds Rate Compounded OIS	Annual	Annual	Apr 2025	(31)	(92,984)	(93,015)
Centrally cleared	2,900,000	CZK	CZK PRIBOR PRBO	Fixed 1.913%	Annual	Semi-Annual	Jan 2029	—	6,950	6,950
Centrally cleared	1,400,000	USD	1 month LIBOR + 0.088%	3 month LIBOR	Quarterly	Quarterly	May 2029	—	770	770
Centrally cleared	470,000,000	JPY	Fixed 0.200%	JPY LIBOR BBA	Semi-Annual	Semi-Annual	Jun 2029	(44,559)	(61,699)	(106,258)
Centrally cleared	7,700,000	EUR	EUR EURIBOR Reuters	Fixed 1.310%	Annual	Semi-Annual	Jun 2029	243,132	297,109	540,241
Centrally cleared	600,000	USD	Fixed 2.000%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2029	(7,562)	(16,583)	(24,145)
Centrally cleared	800,000	CAD	CAD BA CDOR	Fixed 1.900%	Semi-Annual	Semi-Annual	Dec 2029	16,883	(8,430)	8,453
Centrally cleared	4,100,000	USD	Fixed 1.625%	USD LIBOR BBA	Semi-Annual	Quarterly	Jan 2030	(73,166)	50,419	(22,747)
Centrally cleared	2,000,000	USD	Fixed 2.000%	USD LIBOR BBA	Semi-Annual	Quarterly	Jan 2030	(9,443)	(72,747)	(82,190)
Centrally cleared	3,600,000	EUR	EUR EURIBOR Reuters	Fixed -0.150%	Annual	Semi-Annual	Mar 2030	(42,221)	27,406	(14,815)
Centrally cleared	2,000,000	CAD	CAD BA CDOR	Fixed 2.750%	Semi-Annual	Semi-Annual	Dec 2048	(12,387)	325,112	312,725
Centrally cleared	700,000	CAD	CAD BA CDOR	Fixed 2.565%	Semi-Annual	Semi-Annual	Mar 2049	(7)	86,172	86,165

81

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Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Interest rate swaps (continued)
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	110,000,000	JPY	JPY LIBOR BBA	Fixed 0.500%	Semi-Annual	Semi-Annual	Jun 2049	$(10,407)	$71,633	$61,226
Centrally cleared	700,000	USD	Fixed 2.953%	USD LIBOR BBA	Semi-Annual	Quarterly	Nov 2049	—	(208,794)	(208,794)
Centrally cleared	200,000	USD	USD LIBOR BBA	Fixed 1.750%	Semi-Annual	Quarterly	Dec 2049	1,746	(164)	1,582
Centrally cleared	100,000	USD	Fixed 2.000%	USD LIBOR BBA	Semi-Annual	Quarterly	Jan 2050	(720)	(6,134)	(6,854)
Centrally cleared	200,000	USD	Fixed 1.625%	USD LIBOR BBA	Semi-Annual	Quarterly	Jan 2050	(2,847)	7,218	4,371
Centrally cleared	100,000	USD	Fixed 1.750%	USD LIBOR BBA	Semi-Annual	Quarterly	Jan 2050	(231)	(601)	(832)
Centrally cleared	600,000	USD	Fixed 1.625%	USD LIBOR BBA	Semi-Annual	Quarterly	Feb 2050	(843)	13,877	13,034
Centrally cleared	100,000	GBP	GBP LIBOR BBA	Fixed 0.750%	Semi-Annual	Semi-Annual	Mar 2050	(2,189)	3,792	1,603
Centrally cleared	125,000	EUR	Fixed 0.250%	EUR EURIBOR Reuters	Annual	Semi-Annual	Mar 2050	2,995	(3,720)	(725)
Centrally cleared	300,000	USD	USD LIBOR BBA	Fixed 1.678%	Semi-Annual	Quarterly	Aug 2050	—	(2,185)	(2,185)
Centrally cleared	250,000	USD	USD LIBOR BBA	Fixed 1.653%	Semi-Annual	Quarterly	Aug 2051	—	(3,843)	(3,843)
Centrally cleared	300,000	USD	USD LIBOR BBA	Fixed 1.635%	Semi-Annual	Quarterly	Aug 2051	—	(5,698)	(5,698)
Centrally cleared	3,700,000	CAD	CAD BA CDOR	Fixed 2.500%	Semi-Annual	Semi-Annual	Dec 2056	91,592	103,672	195,264
								$933,327	$(1,030,871)	$(97,544)
								$933,630	$(776,568)	$157,062

Credit default swaps - Buyer
Counterparty (OTC)/ Centrally cleared	Reference obligation	Notional amount	Currency	USD notional amount	Pay fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
BNP	Commerzbank AG	1,200,000	EUR	$1,307,340	1.000%	Quarterly	Jun 2022	$32,774	$(40,054)	$(7,280)
BNP	Government of Japan	2,300,000	USD	2,300,000	1.000%	Quarterly	Jun 2022	(44,545)	(11,911)	(56,456)
BNP	Republic of Korea	1,900,000	USD	1,900,000	1.000%	Quarterly	Jun 2023	(34,867)	(18,603)	(53,470)
BOA	Government of Japan	300,000	USD	300,000	1.000%	Quarterly	Jun 2022	(5,711)	(1,653)	(7,364)
CITI	Government of Japan	600,000	USD	600,000	1.000%	Quarterly	Jun 2022	(11,470)	(3,258)	(14,728)
GSI	People’s Republic of China	1,700,000	USD	1,700,000	1.000%	Quarterly	Jun 2023	(24,504)	(18,526)	(43,030)
HUS	Republic of Korea	900,000	USD	900,000	1.000%	Quarterly	Jun 2023	(16,761)	(8,567)	(25,328)
				$9,007,340				$(105,084)	$(102,572)	$(207,656)
Centrally cleared	BASF SE	400,000	EUR	425,960	1.000%	Quarterly	Dec 2020	(2,900)	(2,235)	(5,135)
Centrally cleared	Fortum OYJ	200,000	EUR	212,510	1.000%	Quarterly	Dec 2020	(896)	(1,563)	(2,459)
Centrally cleared	Reynolds American, Inc.	1,600,000	USD	1,600,000	1.000%	Quarterly	Dec 2020	(14,217)	(3,943)	(18,160)
Centrally cleared	United Utilities PLC	200,000	EUR	216,950	1.000%	Quarterly	Dec 2020	(972)	(1,454)	(2,426)
Centrally cleared	CDX.NA.IG.32	5,000,000	USD	5,000,000	1.000%	Quarterly	Jun 2029	13,380	(21,280)	(7,900)
Centrally cleared	iTraxx Europe Series 31 Version 2	5,000,000	EUR	5,516,464	1.000%	Quarterly	Jun 2029	(38,682)	3,364	(35,318)
Centrally cleared	CDX.NA.IG.33	700,000	USD	700,000	1.000%	Quarterly	Dec 2029	3,946	72	4,018
				$13,671,884				$(40,341)	$(27,039)	$(67,380)
				$22,679,224				$(145,425)	$(129,611)	$(275,036)

Credit default swaps - Seller
Counterparty (OTC)/ Centrally cleared	Reference obligation	Implied credit spread	Notional amount	Currency	USD notional amount	Received fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
GSI	Republic of South Africa	1.789%	500,000	USD	$500,000	1.000%	Quarterly	Jun 2024	$(19,932)	$2,614	$(17,318)
JPM	A.P. Moller - Maersk A/S	0.719%	1,300,000	EUR	1,534,064	1.000%	Quarterly	Jun 2022	(4,099)	15,440	11,341
					$2,034,064				$(24,031)	$18,054	$(5,977)
Centrally cleared	Deutsche Bank AG	0.401%	600,000	EUR	671,550	1.000%	Quarterly	Dec 2019	560	521	1,081
Centrally cleared	Daimler AG	0.160%	200,000	EUR	245,260	1.000%	Quarterly	Dec 2020	1,569	776	2,345
Centrally cleared	Exelon Generation Company LLC	0.399%	1,500,000	USD	1,500,000	1.000%	Quarterly	Jun 2022	(21,473)	46,060	24,587
Centrally cleared	CDX.NA.IG.32	0.528%	3,500,000	USD	3,500,000	1.000%	Quarterly	Jun 2020	78,415	(2,828)	75,587
Centrally cleared	CDX.EM.32	2.075%	100,000	USD	100,000	1.000%	Quarterly	Dec 2024	(4,915)	(149)	(5,064)
Centrally cleared	CDX.NA.IG.33	0.600%	800,000	USD	800,000	1.000%	Quarterly	Dec 2024	16,153	(79)	16,074
Centrally cleared	iTraxx Europe Crossover Series 32 Version 1	2.315%	400,000	EUR	440,000	5.000%	Quarterly	Dec 2024	59,385	(2,005)	57,380
Centrally cleared	Tesco PLC	1.289%	1,000,000	EUR	1,223,300	1.000%	Quarterly	Jun 2025	(26,881)	9,394	(17,487)

82

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Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Credit default swaps - Seller (continued)
Counterparty (OTC)/ Centrally cleared	Reference obligation	Implied credit spread	Notional amount	Currency	USD notional amount	Received fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	Royal Dutch Shell PLC	0.439%	700,000	EUR	$738,745	1.000%	Quarterly	Dec 2026	$(14,345)	$45,865	$31,520
					$9,218,855				$88,468	$97,555	$186,023
					$11,252,919				$64,437	$115,609	$180,046

Total return swaps
Pay/ receive total return*	Reference entity	Floating rate	Payment frequency	Currency	Notional amount/ contract amount	Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Pay	iBoxx $ Liquid Investment Grade Index	3-month USD LIBOR	Quarterly	USD	900,000	Mar 2020	BARC	—	$(55,686)	$(55,686)
								—	$(55,686)	$(55,686)

* Fund will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the fund has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the fund has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative.

Currency swaps
Counterparty (OTC)	Receive	Pay	Payment frequency	Maturity date		Notional amount of currency received		Notional amount of currency delivered	Unamortized upfront payment paid	Unrealized appreciation (depreciation)	Value
CITI	Floating rate equal to 3 Month BBSW less 0.420% based on the notional amount of the currency received	Floating rate equal to 3 Month USD LIBOR based on the notional amount of the currency delivered	Quarterly	Jul 2029	AUD	1,500,000	USD	1,035,000	$225	$(20,547)	$(20,322)
CITI	Floating rate equal to 3 Month EURIBOR less 0.236% based on the notional amount of the currency received	Floating rate equal to 3 Month USD LIBOR based on the notional amount of the currency delivered	Quarterly	Oct 2029	EUR	1,200,000	USD	1,320,000	9,180	(23,589)	(14,409)
GSCM	Floating rate equal to 3 Month BBSW less 0.423% based on the notional amount of the currency received	Floating rate equal to 3 Month USD LIBOR based on the notional amount of the currency delivered	Quarterly	Aug 2029	AUD	1,500,000	USD	1,035,000	(5,525)	(14,675)	(20,200)
GSCM	Floating rate equal to 3 Month EURIBOR less 0.245% based on the notional amount of the currency received	Floating rate equal to 3 Month USD LIBOR based on the notional amount of the currency delivered	Quarterly	Nov 2029	EUR	500,000	USD	553,350	800	(10,614)	(9,814)
MSI	Floating rate equal to 3 Month EURIBOR less 0.224% based on the notional amount of the currency received	Floating rate equal to 3 Month USD LIBOR based on the notional amount of the currency delivered	Quarterly	Oct 2029	EUR	600,000	USD	673,590	(990)	(18,966)	(19,956)
									$3,690	$(88,391)	$(84,701)

83

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Derivatives Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
CNY	Chinese Yuan Renminbi
COP	Colombian Peso
CZK	Czech Republic Koruna
DKK	Danish Krone
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
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
RON	Romanian New Leu
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Bhat
TWD	New Taiwan Dollar
USD	U.S. Dollar
ZAR	South African Rand

84

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BBA	The British Banker's Association
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
BNP	BNP Paribas
BOA	Bank of America, N.A.
CDI	Brazil Interbank Deposit Rate
CDOR	Canadian Dollar Offered Rate
CITI	Citibank, N.A.
CNREPOFIX	China Fixing Repo Rate
CPURNSA	Consumer Price All Urban Non-Seasonally Adjusted Index
CSFB	Credit Suisse First Boston International
DB	Deutsche Bank AG
EURIBOR	Euro Interbank Offered Rate
GSCM	Goldman Sachs Capital Markets, L.P.
GSI	Goldman Sachs International
HUS	HSBC Bank USA, N.A.
JIBAR	Johannesburg Interbank Agreed Rate
JPM	JPMorgan Chase Bank, N.A.
KSDA	Korea Securities Dealers Association
LIBOR	London Interbank Offered Rate
MLI	Merrill Lynch International
MSI	Morgan Stanley & Co. International PLC
NOM	Nomura Global Financial Products, Inc.
NWM	NatWest Markets PLC
OIS	Overnight Index Swap
OTC	Over-the-counter
PRIBOR	Prague Interbank Offered Rate
SCB	Standard Chartered Bank
TELBOR	Tel Aviv Interbank Offered Rate
TIIE	Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)
UBS	UBS AG

Global Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.8%
Canada - 2.1%
Husky Energy, Inc. (A)	120,630	$	848,603
Wheaton Precious Metals Corp.	116,478		3,054,267
			3,902,870
China - 3.6%
Baidu, Inc., ADR (B)	16,160		1,660,602
China Life Insurance Company, Ltd., H Shares	1,227,710		2,829,071
China Telecom Corp., Ltd., ADR	44,110		2,010,093
China Telecom Corp., Ltd., H Shares	309,300		140,843
			6,640,609
Denmark - 1.1%
A.P. Moller - Maersk A/S, Series B	1,540		1,740,867
The Drilling Company of 1972 A/S (B)	3,080		172,616
			1,913,483
France - 8.0%
BNP Paribas SA	87,888		4,272,856
Cie de Saint-Gobain	33,340		1,306,690
Credit Agricole SA	184,098		2,228,292
Sanofi	44,494		4,121,618
Veolia Environnement SA	106,600		2,700,361
			14,629,817
Germany - 6.4%
Bayer AG	52,240		3,680,482
Deutsche Telekom AG	46,400		778,270

Global Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
E.ON SE	236,860	$	2,302,905
Merck KGaA	18,372		2,069,608
Siemens AG	26,789		2,867,642
			11,698,907
Hong Kong - 4.0%
China Mobile, Ltd.	247,250		2,048,158
CK Asset Holdings, Ltd.	16,100		109,079
CK Hutchison Holdings, Ltd.	406,290		3,586,781
Kunlun Energy Company, Ltd.	1,627,410		1,402,302
Value Partners Group, Ltd. (A)	342,600		172,805
			7,319,125
India - 2.2%
Bharti Airtel, Ltd.	510,937		2,693,603
Hero MotoCorp, Ltd.	32,200		1,223,402
			3,917,005
Ireland - 0.3%
Bank of Ireland Group PLC	138,600		549,192
Israel - 0.7%
Teva Pharmaceutical Industries, Ltd., ADR (B)	181,760		1,250,509
Italy - 1.4%
Eni SpA	170,472		2,605,634
Japan - 9.7%
Kirin Holdings Company, Ltd.	80,100		1,704,514

 

85

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Global Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Mitsui Fudosan Company, Ltd.	91,210	$	2,269,954
Panasonic Corp.	355,570		2,897,785
Seven & i Holdings Company, Ltd.	54,500		2,088,728
Sumitomo Mitsui Financial Group, Inc.	70,120		2,409,472
Suntory Beverage & Food, Ltd.	40,300		1,725,318
Taiheiyo Cement Corp.	33,920		911,479
Takeda Pharmaceutical Company, Ltd.	109,530		3,758,597
			17,765,847
Luxembourg - 2.4%
SES SA	237,443		4,327,995
Netherlands - 5.1%
Aegon NV	395,006		1,640,517
ING Groep NV	359,526		3,755,884
Royal Dutch Shell PLC, B Shares	131,695		3,892,284
			9,288,685
Singapore - 2.2%
Singapore Telecommunications, Ltd.	1,792,250		4,021,330
South Korea - 3.4%
KB Financial Group, Inc., ADR	68,748		2,455,679
Samsung Electronics Company, Ltd.	92,890		3,803,293
			6,258,972
Spain - 0.9%
Telefonica SA	223,304		1,706,304
Switzerland - 3.7%
Alcon, Inc. (B)	1,490		86,912
Novartis AG	7,450		646,563
Roche Holding AG	15,162		4,414,639
UBS Group AG (B)	142,820		1,621,641
			6,769,755
Taiwan - 0.3%
Catcher Technology Company, Ltd.	78,520		594,405
Thailand - 1.4%
Bangkok Bank PCL	311,130		1,789,195
Bangkok Bank PCL, NVDR	126,340		716,652
			2,505,847
United Kingdom - 9.2%
Barclays PLC	742,643		1,368,313
BP PLC	552,738		3,499,236
HSBC Holdings PLC	299,989		2,300,572
Kingfisher PLC	1,049,402		2,666,922
Standard Chartered PLC	423,828		3,557,563
Vodafone Group PLC	1,687,128		3,361,259
			16,753,865
United States - 29.7%
Allergan PLC	30,508		5,134,191
AmerisourceBergen Corp.	20,387		1,678,461
Apache Corp.	129,740		3,321,344
Capital One Financial Corp.	21,009		1,911,399
Cardinal Health, Inc.	35,190		1,660,616
Citigroup, Inc.	53,491		3,695,158
Comcast Corp., Class A	43,526		1,962,152
CommScope Holding Company, Inc. (B)	73,740		867,182
Coty, Inc., Class A	137,192		1,441,888
Exxon Mobil Corp.	39,260		2,772,149
Gilead Sciences, Inc.	68,540		4,344,065
Kellogg Company	79,020		5,084,937
Mattel, Inc. (A)(B)	152,960		1,742,214
Navistar International Corp. (B)	55,455		1,558,840
Oracle Corp.	57,361		3,156,576
The Kroger Company	146,147		3,767,670
United Parcel Service, Inc., Class B	18,920		2,266,994
Verizon Communications, Inc.	15,810		954,292

Global Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
Walgreens Boots Alliance, Inc.		78,690	$	4,352,344
Wells Fargo & Company		51,178		2,581,418
				54,253,890
TOTAL COMMON STOCKS (Cost $197,278,103)			$	178,674,046
SECURITIES LENDING COLLATERAL - 2.7%
John Hancock Collateral Trust, 2.1169% (C)(D)		495,320		4,956,521
TOTAL SECURITIES LENDING COLLATERAL (Cost $4,956,547)			$	4,956,521
SHORT-TERM INVESTMENTS - 1.3%
U.S. Government Agency - 1.3%
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *	$	2,400,000		2,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,400,000)			$	2,400,000
Total Investments (Global Trust) (Cost $204,634,650) - 101.8%			$	186,030,567
Other assets and liabilities, net - (1.8%)				(3,222,101)
TOTAL NET ASSETS - 100.0%			$	182,808,466

Security Abbreviations and Legend
ADR	American Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $2,493,484.
(B)	Non-income producing security.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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.

Health Sciences Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.1%
Consumer discretionary – 0.1%
Consumer services – 0.0%
Zeneca, Inc. (A)(B)	13,151	$	8,088
Specialty retail – 0.1%
JAND, Inc., Class A (A)(B)(C)	14,867		245,752
			253,840
Health care – 97.7%
Biotechnology – 31.2%
AbbVie, Inc.	52,020		3,938,954
Abcam PLC	29,704		418,586
ACADIA Pharmaceuticals, Inc. (B)	76,498		2,753,163
Acceleron Pharma, Inc. (B)	20,927		826,826
Acerta Pharma BV, Class B (A)(B)(C)	4,276,305		391,282
Adverum Biotechnologies, Inc. (B)	23,500		128,075
Agios Pharmaceuticals, Inc. (B)	13,437		435,359
Aimmune Therapeutics, Inc. (B)	27,035		566,113
Akero Therapeutics, Inc. (B)	4,103		93,343
Alexion Pharmaceuticals, Inc. (B)	36,831		3,607,228
Alkermes PLC (B)	25,833		504,002
Allakos, Inc. (B)	5,714		449,292
Allogene Therapeutics, Inc. (B)	7,797		212,507
Alnylam Pharmaceuticals, Inc. (B)	19,200		1,544,064
Amarin Corp. PLC, ADR (B)	44,258		670,951

 

86

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Amgen, Inc.	31,500	$	6,095,565
AnaptysBio, Inc. (B)	5,306		185,657
Apellis Pharmaceuticals, Inc. (B)	8,535		205,608
Argenx SE, ADR (B)	19,240		2,192,590
ArQule, Inc. (B)	7,400		53,058
Ascendis Pharma A/S, ADR (B)	29,018		2,795,014
Audentes Therapeutics, Inc. (B)	4,574		128,484
Autolus Therapeutics PLC, ADR (B)	6,426		79,811
Avrobio, Inc. (B)	6,094		86,047
BeiGene, Ltd., ADR (B)	6,082		744,802
Biogen, Inc. (B)	9,329		2,171,978
BioMarin Pharmaceutical, Inc. (B)	27,193		1,832,808
Bluebird Bio, Inc. (B)	11,954		1,097,616
Blueprint Medicines Corp. (B)	18,113		1,330,762
CareDx, Inc. (B)	4,069		92,000
Corvus Pharmaceuticals, Inc. (B)	11,203		33,721
CRISPR Therapeutics AG (B)	5,900		241,841
Cyclerion Therapeutics, Inc. (B)	3,606		43,705
CytomX Therapeutics, Inc. (B)	9,490		70,036
Deciphera Pharmaceuticals, Inc. (B)	3,918		132,977
Denali Therapeutics, Inc. (B)	9,400		144,008
Dicerna Pharmaceuticals, Inc. (B)	21,078		302,680
Enanta Pharmaceuticals, Inc. (B)	12,823		770,406
Exact Sciences Corp. (B)	19,002		1,717,211
Exelixis, Inc. (B)	53,717		949,985
Fate Therapeutics, Inc. (B)	16,003		248,527
FibroGen, Inc. (B)	18,847		696,962
Forty Seven, Inc. (B)	5,322		34,167
G1 Therapeutics, Inc. (B)	10,907		248,461
Galapagos NV (B)	5,341		813,725
Genmab A/S, ADR (B)	10,918		221,199
Global Blood Therapeutics, Inc. (B)	18,037		875,155
Homology Medicines, Inc. (B)	18,462		334,162
IGM Biosciences, Inc. (B)	7,954		141,184
Immunomedics, Inc. (B)	32,538		431,454
Incyte Corp. (B)	31,784		2,359,326
Insmed, Inc. (B)	24,817		437,772
Intercept Pharmaceuticals, Inc. (B)	3,547		235,379
Ionis Pharmaceuticals, Inc. (B)	16,770		1,004,691
Iovance Biotherapeutics, Inc. (B)	63,234		1,150,859
Karuna Therapeutics, Inc. (B)	8,436		137,676
Kodiak Sciences, Inc. (B)	6,072		87,315
Krystal Biotech, Inc. (B)	7,889		273,946
Minerva Neurosciences, Inc. (B)	19,876		154,039
Mirati Therapeutics, Inc. (B)	11,100		864,801
Moderna, Inc. (B)	7,348		116,980
Momenta Pharmaceuticals, Inc. (B)	18,439		238,969
Myovant Sciences, Ltd. (B)	17,476		90,875
Natera, Inc. (B)	5,800		190,240
Neoleukin Therapeutics, Inc. (B)	7,366		20,993
Neurocrine Biosciences, Inc. (B)	32,664		2,943,353
Orchard Therapeutics PLC, ADR (B)	25,331		300,932
PhaseBio Pharmaceuticals, Inc. (B)	15,205		63,405
Principia Biopharma, Inc. (B)	6,362		179,663
Progenics Pharmaceuticals, Inc. (B)	39,900		201,695
PTC Therapeutics, Inc. (B)	24,601		832,006
Puma Biotechnology, Inc. (B)	11,400		122,721
Radius Health, Inc. (B)	13,400		345,050
Regeneron Pharmaceuticals, Inc. (B)	12,158		3,372,629
REGENXBIO, Inc. (B)	10,900		388,040
Rhythm Pharmaceuticals, Inc. (B)	7,891		170,367
Rocket Pharmaceuticals, Inc. (B)	15,540		181,041
Sage Therapeutics, Inc. (B)	37,712		5,290,616
Sarepta Therapeutics, Inc. (B)	22,168		1,669,694
Scholar Rock Holding Corp. (B)	5,587		50,004

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Seattle Genetics, Inc. (B)	26,175	$	2,235,345
Stemline Therapeutics, Inc. (B)	2,239		23,308
Stoke Therapeutics, Inc. (B)	7,038		151,247
Turning Point Therapeutics, Inc. (B)	6,518		245,077
Ultragenyx Pharmaceutical, Inc. (B)	20,405		872,926
Vertex Pharmaceuticals, Inc. (B)	61,466		10,413,570
Xencor, Inc. (B)	25,634		864,635
Y-mAbs Therapeutics, Inc. (B)	8,652		225,471
Zai Lab, Ltd., ADR (B)	3,797		122,833
Zealand Pharma A/S, ADR (B)	2,282		57,872
Zymeworks, Inc. (B)	11,869		294,351
			83,064,823
Health care equipment and supplies – 28.4%
ABIOMED, Inc. (B)	3,400		604,826
Alcon, Inc. (B)	37,308		2,176,171
AtriCure, Inc. (B)	12,700		316,738
Becton, Dickinson and Company	53,406		13,509,582
Boston Scientific Corp. (B)	7,800		317,382
Danaher Corp.	46,587		6,728,560
DexCom, Inc. (B)	15,810		2,359,484
DiaSorin SpA	6,079		706,977
Edwards Lifesciences Corp. (B)	200		43,982
Envista Holdings Corp. (B)	50,827		1,417,057
GenMark Diagnostics, Inc. (B)	51,460		311,848
Hologic, Inc. (B)	74,600		3,766,554
ICU Medical, Inc. (B)	6,225		993,510
IDEXX Laboratories, Inc. (B)	900		244,737
Insulet Corp. (B)	9,600		1,583,328
Integer Holdings Corp. (B)	4,000		302,240
Intuitive Surgical, Inc. (B)	27,201		14,686,636
iRhythm Technologies, Inc. (B)	6,282		465,559
Lantheus Holdings, Inc. (B)	22,144		555,039
Masimo Corp. (B)	2,300		342,217
Nevro Corp. (B)	15,640		1,344,571
Novocure, Ltd. (B)	15,976		1,194,685
NuVasive, Inc. (B)	2,900		183,802
Penumbra, Inc. (B)	8,929		1,200,861
Quidel Corp. (B)	20,729		1,271,724
Shockwave Medical, Inc. (B)	4,275		127,951
SI-BONE, Inc. (B)	5,610		99,129
Silk Road Medical, Inc. (B)	1,823		59,302
SmileDirectClub, Inc. (B)	14,475		200,913
Stryker Corp.	42,641		9,223,248
Tandem Diabetes Care, Inc. (B)	4,700		277,206
Teleflex, Inc.	7,935		2,695,916
The Cooper Companies, Inc.	8,235		2,445,795
West Pharmaceutical Services, Inc.	15,120		2,144,318
Wright Medical Group NV (B)	39,325		811,275
Zimmer Biomet Holdings, Inc.	7,750		1,063,843
			75,776,966
Health care providers and services – 14.1%
Acadia Healthcare Company, Inc. (B)	15,493		481,522
Amedisys, Inc. (B)	4,400		576,444
Anthem, Inc.	16,926		4,063,933
Centene Corp. (B)	82,418		3,565,403
Cigna Corp.	29,886		4,536,396
Exagen, Inc. (B)	9,151		141,749
Guardant Health, Inc. (B)	6,194		395,363
HCA Healthcare, Inc.	42,643		5,135,070
Humana, Inc.	13,289		3,397,599
Molina Healthcare, Inc. (B)	14,509		1,591,927
Patterson Companies, Inc.	3,386		60,339
UnitedHealth Group, Inc.	59,190		12,863,171

 

87

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
WellCare Health Plans, Inc. (B)	3,357	$	870,034
			37,678,950
Health care technology – 0.3%
HTG Molecular Diagnostics, Inc. (B)	34,959		23,772
Phreesia, Inc. (B)	6,466		156,736
Teladoc Health, Inc. (B)	5,500		372,460
Veeva Systems, Inc., Class A (B)	1,700		259,573
			812,541
Life sciences tools and services – 9.0%
10X Genomics, Inc., Class A (B)	3,636		183,254
Adaptive Biotechnologies Corp. (B)	7,752		239,537
Agilent Technologies, Inc.	64,607		4,950,834
Avantor, Inc. (B)	102,304		1,503,869
Bruker Corp.	36,502		1,603,533
Illumina, Inc. (B)	5,026		1,529,010
Lonza Group AG (B)	1,641		555,332
Mettler-Toledo International, Inc. (B)	1,496		1,053,782
PRA Health Sciences, Inc. (B)	8,600		853,378
Quanterix Corp. (B)	18,700		410,652
Thermo Fisher Scientific, Inc.	36,900		10,747,863
Wuxi Biologics Cayman, Inc. (B)(D)	29,500		300,809
			23,931,853
Pharmaceuticals – 14.7%
Allergan PLC	13,167		2,215,874
AstraZeneca PLC	304		27,144
AstraZeneca PLC, ADR	95,600		4,260,892
Axsome Therapeutics, Inc. (B)	13,000		263,120
Bayer AG	14,769		1,040,521
Bristol-Myers Squibb Company	86,252		4,373,839
Cara Therapeutics, Inc. (B)	27,699		506,338
Catalent, Inc. (B)	17,081		814,080
Chugai Pharmaceutical Company, Ltd.	19,500		1,523,869
Daiichi Sankyo Company, Ltd.	39,200		2,477,024
Elanco Animal Health, Inc. (B)	31,108		827,162
Eli Lilly & Company	25,250		2,823,708
GW Pharmaceuticals PLC, ADR (B)	3,977		457,474
Menlo Therapeutics, Inc. (B)	9,800		43,904
Merck & Company, Inc.	56,917		4,791,273
Milestone Pharmaceuticals, Inc. (B)	12,804		221,509
MyoKardia, Inc. (B)	17,145		894,112
Nektar Therapeutics (B)	13,200		240,438
Novartis AG	32,561		2,825,870
Odonate Therapeutics, Inc. (B)	9,305		242,209
Perrigo Company PLC	2,100		117,369
Pfizer, Inc.	80,411		2,889,167
Reata Pharmaceuticals, Inc., Class A (B)	7,677		616,386
Roche Holding AG	11,621		3,383,622
Tricida, Inc. (B)	29,591		913,474
WaVe Life Sciences, Ltd. (B)	5,114		104,987
Zoetis, Inc.	400		49,836
Zogenix, Inc. (B)	8,800		352,352
			39,297,553
			260,562,686
Industrials – 0.3%
Industrial conglomerates – 0.3%
General Electric Company	97,200		868,968
TOTAL COMMON STOCKS (Cost $213,691,362)		$	261,685,494
PREFERRED SECURITIES – 0.9%
Consumer discretionary – 0.2%
Specialty retail – 0.2%
JAND, Inc., Series D (A)(B)(C)	33,198		548,763
Health care – 0.6%

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Health care equipment and supplies – 0.6%
Becton, Dickinson and Company, 6.125%	9,988	$	618,357
Sartorius AG	4,998		911,187
			1,529,544
Information technology – 0.1%
Software – 0.1%
Doximity, Inc. (A)(B)(C)	31,611		182,395
TOTAL PREFERRED SECURITIES (Cost $1,746,762)		$	2,260,702
SHORT-TERM INVESTMENTS – 0.9%
Money market funds – 0.9%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (E)	532,029		532,029
T. Rowe Price Government Reserve Fund, 2.0381% (E)	1,821,531		1,821,531
			2,353,560
TOTAL SHORT-TERM INVESTMENTS (Cost $2,353,560)		$	2,353,560
Total Investments (Health Sciences Trust) (Cost $217,791,684) – 99.9%		$	266,299,756
Other assets and liabilities, net – 0.1%			345,241
TOTAL NET ASSETS – 100.0%		$	266,644,997

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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)	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 9-30-19.

High Yield Trust

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS – 0.9%
Argentina – 0.4%
Provincia de Buenos Aires 7.875%, 06/15/2027	$	680,000	$	244,788
Republic of Argentina
5.625%, 01/26/2022		230,000		98,902
6.875%, 04/22/2021		200,000		98,002
6.875%, 01/26/2027		330,000		138,273
7.500%, 04/22/2026		200,000		88,002
7.625%, 04/22/2046		200,000		86,702
				754,669
Brazil – 0.3%
Federative Republic of Brazil
10.000%, 01/01/2021	BRL	100,000		26,051
10.000%, 01/01/2023		2,139,000		585,581
10.000%, 01/01/2027		85,000		24,510
				636,142

 

88

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Ecuador – 0.2%
Republic of Ecuador 7.875%, 01/23/2028 (A)	$	440,000	$	416,904
Indonesia – 0.0%
Republic of Indonesia 8.375%, 03/15/2034	IDR	74,000,000		5,514
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $3,040,960)			$	1,813,229
CORPORATE BONDS – 82.0%
Communication services – 17.8%
Altice France SA
6.250%, 05/15/2024 (A)	$	200,000		206,400
7.375%, 05/01/2026 (A)		3,100,000		3,327,726
Altice Luxembourg SA
7.750%, 05/15/2022 (A)(B)		200,000		204,250
10.500%, 05/15/2027 (A)		840,000		946,680
AMC Entertainment Holdings, Inc. 6.125%, 05/15/2027 (B)		410,000		371,050
American Media LLC 10.500%, 12/31/2026 (A)		840,000		903,000
CCO Holdings LLC 5.125%, 05/01/2023 to 05/01/2027 (A)		2,190,000		2,264,331
CenturyLink, Inc.
5.625%, 04/01/2025 (B)		250,000		259,375
6.750%, 12/01/2023		100,000		109,500
Charter Communications Operating LLC
4.908%, 07/23/2025		520,000		571,468
6.484%, 10/23/2045		450,000		548,323
Cogent Communications Group, Inc. 5.375%, 03/01/2022 (A)		880,000		915,200
CSC Holdings LLC
5.375%, 07/15/2023 (A)		940,000		964,675
6.500%, 02/01/2029 (A)		800,000		889,180
10.875%, 10/15/2025 (A)		243,000		275,185
DISH DBS Corp.
5.875%, 11/15/2024 (B)		2,030,000		2,012,238
7.750%, 07/01/2026		2,150,000		2,190,850
Entercom Media Corp. 6.500%, 05/01/2027 (A)		450,000		470,250
Intelsat Jackson Holdings SA
5.500%, 08/01/2023		370,000		345,173
8.000%, 02/15/2024 (A)		560,000		581,700
Level 3 Financing, Inc.
5.250%, 03/15/2026		210,000		218,369
5.625%, 02/01/2023		400,000		405,000
Lions Gate Capital Holdings LLC 5.875%, 11/01/2024 (A)		1,010,000		1,037,775
Match Group, Inc.
5.000%, 12/15/2027 (A)		360,000		373,500
6.375%, 06/01/2024		340,000		357,000
Meredith Corp. 6.875%, 02/01/2026		480,000		487,800
Netflix, Inc.
4.375%, 11/15/2026 (B)		400,000		405,220
5.375%, 11/15/2029 (A)		540,000		561,600
5.875%, 02/15/2025		250,000		274,535
6.375%, 05/15/2029 (A)		700,000		771,750
Sirius XM Radio, Inc. 4.625%, 07/15/2024 (A)		230,000		238,471
Sprint Capital Corp. 8.750%, 03/15/2032		885,000		1,091,603
Sprint Communications, Inc. 11.500%, 11/15/2021		470,000		545,788
Sprint Corp.
7.250%, 09/15/2021		1,500,000		1,600,650

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Sprint Corp. (continued)
7.625%, 02/15/2025	$	510,000	$	561,000
7.875%, 09/15/2023 (B)		2,450,000		2,691,227
TEGNA, Inc. 5.000%, 09/15/2029 (A)		410,000		414,613
Telecom Italia SpA 5.303%, 05/30/2024 (A)		1,000,000		1,078,450
Time Warner Cable LLC 7.300%, 07/01/2038		440,000		561,218
T-Mobile USA, Inc.
4.750%, 02/01/2028		780,000		816,270
6.000%, 04/15/2024		60,000		62,250
6.500%, 01/15/2026		470,000		505,339
Univision Communications, Inc. 5.125%, 02/15/2025 (A)(B)		200,000		194,500
UPC Holding BV 5.500%, 01/15/2028 (A)		730,000		757,375
UPCB Finance IV, Ltd. 5.375%, 01/15/2025 (A)		200,000		205,500
Virgin Media Secured Finance PLC 5.500%, 08/15/2026 (A)		1,480,000		1,552,594
				36,125,951
Consumer discretionary – 12.3%
American Axle & Manufacturing, Inc.
6.250%, 04/01/2025 (B)		159,000		153,833
6.500%, 04/01/2027 (B)		621,000		590,726
Boyne USA, Inc. 7.250%, 05/01/2025 (A)		500,000		544,800
Brinker International, Inc. 5.000%, 10/01/2024 (A)		310,000		325,500
Carriage Services, Inc. 6.625%, 06/01/2026 (A)		570,000		583,965
Century Communities, Inc. 5.875%, 07/15/2025		1,040,000		1,072,084
Delphi Technologies PLC 5.000%, 10/01/2025 (A)		370,000		327,450
Diamond Sports Group LLC 5.375%, 08/15/2026 (A)		250,000		259,375
ESH Hospitality, Inc.
4.625%, 10/01/2027 (A)		10,000		10,025
5.250%, 05/01/2025 (A)		770,000		795,988
Fontainebleau Las Vegas Holdings LLC 10.250%, 06/15/2015 (A)(C)		3,600,425		360
frontdoor, Inc. 6.750%, 08/15/2026 (A)		610,000		667,962
Golden Nugget, Inc. 8.750%, 10/01/2025 (A)		740,000		771,450
Hanesbrands, Inc.
4.625%, 05/15/2024 (A)		510,000		537,418
4.875%, 05/15/2026 (A)		450,000		475,425
Hilton Worldwide Finance LLC 4.625%, 04/01/2025		300,000		309,000
Installed Building Products, Inc. 5.750%, 02/01/2028 (A)		410,000		422,813
International Game Technology PLC 6.500%, 02/15/2025 (A)		400,000		444,028
L Brands, Inc. 5.250%, 02/01/2028		1,340,000		1,246,736
Lennar Corp.
4.500%, 04/30/2024		290,000		305,515
4.750%, 11/29/2027		400,000		429,000
5.875%, 11/15/2024		810,000		897,075
Levi Strauss & Company 5.000%, 05/01/2025		710,000		737,378

 

89

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
MGM China Holdings, Ltd.
5.375%, 05/15/2024 (A)	$	200,000	$	207,500
5.875%, 05/15/2026 (A)		200,000		209,500
MGM Resorts International 6.000%, 03/15/2023		610,000		672,037
Murphy Oil USA, Inc. 5.625%, 05/01/2027		490,000		516,950
New Red Finance, Inc.
3.875%, 01/15/2028 (A)		490,000		493,116
4.250%, 05/15/2024 (A)		740,000		761,245
Party City Holdings, Inc. 6.625%, 08/01/2026 (A)(B)		640,000		633,600
Sands China, Ltd. 5.400%, 08/08/2028		550,000		619,507
Scientific Games International, Inc.
5.000%, 10/15/2025 (A)		500,000		515,900
10.000%, 12/01/2022		496,000		515,840
Service Corp. International
5.125%, 06/01/2029		400,000		427,500
5.375%, 05/15/2024		230,000		237,369
7.500%, 04/01/2027		480,000		586,800
Silversea Cruise Finance, Ltd. 7.250%, 02/01/2025 (A)		512,000		546,560
Speedway Motorsports LLC 5.125%, 02/01/2023		940,000		954,100
Sugarhouse HSP Gaming Prop Mezz LP 5.875%, 05/15/2025 (A)		270,000		265,275
The ServiceMaster Company LLC 5.125%, 11/15/2024 (A)		550,000		570,625
The William Carter Company 5.625%, 03/15/2027 (A)		330,000		353,100
TopBuild Corp. 5.625%, 05/01/2026 (A)		1,050,000		1,090,698
Viking Cruises, Ltd. 5.875%, 09/15/2027 (A)		810,000		858,276
VOC Escrow, Ltd. 5.000%, 02/15/2028 (A)(B)		775,000		800,265
William Lyon Homes, Inc.
5.875%, 01/31/2025		50,000		50,500
6.000%, 09/01/2023		390,000		405,600
7.000%, 08/15/2022		26,000		26,065
WW International, Inc. 8.625%, 12/01/2025 (A)(B)		610,000		632,875
				24,858,709
Consumer staples – 2.4%
Altria Group, Inc. 5.950%, 02/14/2049		350,000		411,741
Cott Holdings, Inc. 5.500%, 04/01/2025 (A)		520,000		539,516
Kraft Heinz Foods Company 7.125%, 08/01/2039 (A)		440,000		556,375
Lamb Weston Holdings, Inc. 4.875%, 11/01/2026 (A)		1,010,000		1,057,975
Pilgrim's Pride Corp. 5.875%, 09/30/2027 (A)		190,000		204,060
Pyxus International, Inc. 9.875%, 07/15/2021		80,000		55,200
Sally Holdings LLC 5.625%, 12/01/2025 (B)		510,000		518,925
Simmons Foods, Inc. 5.750%, 11/01/2024 (A)(B)		530,000		516,750
Spectrum Brands, Inc.
5.000%, 10/01/2029 (A)		230,000		234,025
5.750%, 07/15/2025		530,000		553,050

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Spectrum Brands, Inc. (continued)
6.125%, 12/15/2024	$	230,000	$	238,683
				4,886,300
Energy – 11.7%
Blue Racer Midstream LLC
6.125%, 11/15/2022 (A)		910,000		914,823
6.625%, 07/15/2026 (A)		670,000		661,625
Carrizo Oil & Gas, Inc. 8.250%, 07/15/2025		260,000		254,696
Cheniere Corpus Christi Holdings LLC 5.875%, 03/31/2025		740,000		823,250
Cheniere Energy Partners LP 4.500%, 10/01/2029 (A)		360,000		368,775
Chesapeake Energy Corp.
5.375%, 06/15/2021 (B)		280,000		260,400
8.000%, 06/15/2027 (B)		930,000		625,425
Covey Park Energy LLC 7.500%, 05/15/2025 (A)		680,000		544,000
DCP Midstream Operating LP 6.750%, 09/15/2037 (A)		590,000		620,975
Diamondback Energy, Inc. 4.750%, 11/01/2024		280,000		286,650
Endeavor Energy Resources LP
5.500%, 01/30/2026 (A)		290,000		301,600
5.750%, 01/30/2028 (A)		300,000		318,750
Extraction Oil & Gas, Inc.
5.625%, 02/01/2026 (A)		1,120,000		686,000
7.375%, 05/15/2024 (A)		670,000		438,850
Genesis Energy LP 5.625%, 06/15/2024		910,000		871,325
Indigo Natural Resources LLC 6.875%, 02/15/2026 (A)		250,000		225,313
MEG Energy Corp.
6.375%, 01/30/2023 (A)(B)		948,000		914,820
6.500%, 01/15/2025 (A)		250,000		255,000
7.000%, 03/31/2024 (A)		880,000		849,200
Montage Resources Corp. 8.875%, 07/15/2023		460,000		351,900
NGPL PipeCo LLC
4.375%, 08/15/2022 (A)		380,000		393,923
4.875%, 08/15/2027 (A)		260,000		278,748
7.768%, 12/15/2037 (A)		500,000		647,930
Northern Oil and Gas, Inc. (8.500% Cash and 1.000% PIK) 9.500%, 05/15/2023		1,145,707		1,180,078
Oasis Petroleum, Inc.
6.875%, 03/15/2022		480,000		447,600
6.875%, 01/15/2023 (B)		267,000		244,305
Petrobras Global Finance BV
5.750%, 02/01/2029		100,000		110,288
6.850%, 06/05/2115		410,000		468,507
Precision Drilling Corp. 7.125%, 01/15/2026 (A)		660,000		610,500
Range Resources Corp. 5.000%, 03/15/2023		470,000		411,250
Rockies Express Pipeline LLC
6.875%, 04/15/2040 (A)		480,000		522,384
7.500%, 07/15/2038 (A)		630,000		702,759
Shelf Drilling Holdings, Ltd. 8.250%, 02/15/2025 (A)		960,000		816,000
Targa Resources Partners LP
4.250%, 11/15/2023		400,000		403,000
5.875%, 04/15/2026		560,000		591,500
6.500%, 07/15/2027 (A)		160,000		174,574
6.875%, 01/15/2029 (A)		220,000		240,365

 

90

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Teine Energy, Ltd. 6.875%, 09/30/2022 (A)	$	610,000	$	606,950
The Williams Companies, Inc.
7.500%, 01/15/2031		780,000		1,025,774
8.750%, 03/15/2032		120,000		173,027
Transocean Guardian, Ltd. 5.875%, 01/15/2024 (A)		356,000		357,780
Transocean Pontus, Ltd. 6.125%, 08/01/2025 (A)		542,900		551,044
Transocean, Inc.
6.800%, 03/15/2038		360,000		221,400
7.250%, 11/01/2025 (A)		170,000		149,813
Vesta Energy Corp. 8.125%, 07/24/2023 (A)	CAD	490,000		321,772
WPX Energy, Inc.
5.250%, 10/15/2027	$	230,000		231,725
5.750%, 06/01/2026 (B)		220,000		225,500
8.250%, 08/01/2023		870,000		978,750
				23,660,623
Financials – 8.3%
Allied Universal Holdco LLC 6.625%, 07/15/2026 (A)		900,000		950,625
Ally Financial, Inc. 8.000%, 11/01/2031		80,000		110,600
ASP AMC Merger Sub, Inc. 8.000%, 05/15/2025 (A)		770,000		523,600
Banco Mercantil del Norte SA (6.875% to 7-6-22, then 5 Year CMT + 5.035%) 07/06/2022 (A)(D)		200,000		200,750
Bank of America Corp. (5.875% to 3-15-28, then 3 month LIBOR + 2.931%) 03/15/2028 (D)		250,000		270,650
Barclays Bank PLC 7.625%, 11/21/2022		200,000		220,500
Barclays PLC (5.088% to 6-20-29, then 3 month LIBOR + 3.054%) 06/20/2030		1,020,000		1,064,085
Barclays PLC (8.000% to 12-15-20, then 5 Year Euro Swap Rate + 6.750%) 12/15/2020 (D)	EUR	500,000		582,442
Barclays PLC (8.000% to 6-15-24, then 5 Year CMT + 5.672%) 06/15/2024 (D)	$	380,000		404,130
BNP Paribas SA (7.375% to 8-19-25, then 5 Year U.S. Swap Rate + 5.150%) 08/19/2025 (A)(D)		390,000		435,825
CIT Group, Inc.
5.250%, 03/07/2025		140,000		152,768
6.125%, 03/09/2028		190,000		221,825
Citigroup, Inc. (5.950% to 5-15-25, then 3 month LIBOR + 3.905%) 05/15/2025 (D)		280,000		296,456
Citigroup, Inc. (6.300% to 5-15-24, then 3 month LIBOR + 3.423%) 05/15/2024 (D)		560,000		594,899
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) 12/23/2025 (A)(D)		290,000		341,184
Credit Suisse Group AG (6.375% to 8-21-26, then 5 Year CMT + 4.822%) 08/21/2026 (A)(D)		430,000		445,050
Credit Suisse Group AG (7.250% to 9-12-25, then 5 Year U.S. Swap Rate + 4.332%) 09/12/2025 (A)(D)		200,000		214,000

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) 07/17/2023 (A)(D)	$	210,000	$	224,438
DAE Funding LLC 5.750%, 11/15/2023 (A)		1,170,000		1,229,495
Danske Bank A/S 5.375%, 01/12/2024 (A)		290,000		318,575
Donnelley Financial Solutions, Inc. 8.250%, 10/15/2024		590,000		612,125
Fidelity & Guaranty Life Holdings, Inc. 5.500%, 05/01/2025 (A)		440,000		471,900
FirstCash, Inc. 5.375%, 06/01/2024 (A)		530,000		545,900
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year U.S. ISDAFIX + 4.368%) 03/30/2025 (D)		200,000		212,000
HSBC Holdings PLC (6.500% to 3-23-28, then 5 Year U.S. ISDAFIX + 3.606%) 03/23/2028 (D)		730,000		763,544
Intesa Sanpaolo SpA 5.017%, 06/26/2024 (A)		200,000		205,913
Navient Corp.
5.875%, 03/25/2021 to 10/25/2024		340,000		345,363
6.625%, 07/26/2021		210,000		220,500
6.750%, 06/25/2025		140,000		144,375
6.750%, 06/15/2026 (B)		450,000		460,260
8.000%, 03/25/2020		688,000		701,760
Quicken Loans, Inc.
5.250%, 01/15/2028 (A)		1,300,000		1,341,600
5.750%, 05/01/2025 (A)		310,000		319,688
Radian Group, Inc. 4.875%, 03/15/2027		310,000		313,875
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 (B)(D)		270,000		289,130
UBS Group Funding Switzerland AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) 01/31/2024 (A)(D)		550,000		584,100
UniCredit SpA (7.296% to 4-2-29, then 5 Year U.S. ISDAFIX + 4.914%) 04/02/2034 (A)		490,000		553,115
				16,887,045
Health care – 5.9%
Air Medical Group Holdings, Inc. 6.375%, 05/15/2023 (A)(B)		270,000		234,900
AMN Healthcare, Inc. 4.625%, 10/01/2027 (A)		160,000		160,800
Bausch Health Americas, Inc. 9.250%, 04/01/2026 (A)		190,000		215,886
Bausch Health Companies, Inc.
6.125%, 04/15/2025 (A)		970,000		1,006,375
9.000%, 12/15/2025 (A)		1,740,000		1,953,150
Centene Corp.
5.375%, 06/01/2026 (A)		730,000		764,675
6.125%, 02/15/2024		160,000		166,832
Community Health Systems, Inc. 8.000%, 03/15/2026 (A)		760,000		758,100
DaVita, Inc. 5.000%, 05/01/2025 (B)		110,000		109,588
HCA, Inc. 5.625%, 09/01/2028		2,140,000		2,384,602
HLF Financing Sarl LLC 7.250%, 08/15/2026 (A)		470,000		474,700

 

91

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Immucor, Inc. 11.125%, 02/15/2022 (A)	$	320,000	$	323,600
Par Pharmaceutical, Inc. 7.500%, 04/01/2027 (A)		270,000		245,700
Polaris Intermediate Corp. (8.500% Cash or 9.250% PIK) 8.500%, 12/01/2022 (A)(B)		510,000		433,500
RegionalCare Hospital Partners Holdings, Inc.
8.250%, 05/01/2023 (A)		620,000		659,525
9.750%, 12/01/2026 (A)		400,000		427,960
Tenet Healthcare Corp. 6.750%, 06/15/2023 (B)		1,020,000		1,071,184
Teva Pharmaceutical Finance Company BV 2.950%, 12/18/2022		610,000		523,075
				11,914,152
Industrials – 9.4%
Ahern Rentals, Inc. 7.375%, 05/15/2023 (A)		130,000		110,663
Allison Transmission, Inc.
4.750%, 10/01/2027 (A)		650,000		669,500
5.000%, 10/01/2024 (A)		210,000		214,594
BBA US Holdings, Inc. 5.375%, 05/01/2026 (A)		610,000		640,500
BWX Technologies, Inc. 5.375%, 07/15/2026 (A)		410,000		431,013
Cleaver-Brooks, Inc. 7.875%, 03/01/2023 (A)		430,000		407,425
Covanta Holding Corp. 5.875%, 07/01/2025		560,000		583,800
Flexi-Van Leasing, Inc. 10.000%, 02/15/2023 (A)		540,000		527,850
GFL Environmental, Inc.
5.375%, 03/01/2023 (A)		400,000		404,920
8.500%, 05/01/2027 (A)		450,000		498,938
Global Aircraft Leasing Company, Ltd. (6.500% Cash or 7.250% PIK) 6.500%, 09/15/2024 (A)		2,200,000		2,227,500
Harsco Corp. 5.750%, 07/31/2027 (A)		360,000		374,868
Navios Maritime Acquisition Corp. 8.125%, 11/15/2021 (A)		940,000		714,400
Park Aerospace Holdings, Ltd.
4.500%, 03/15/2023 (A)		830,000		858,884
5.250%, 08/15/2022 (A)		230,000		242,397
Park-Ohio Industries, Inc. 6.625%, 04/15/2027		659,000		629,345
Prime Security Services Borrower LLC
5.250%, 04/15/2024 (A)		200,000		205,310
5.750%, 04/15/2026 (A)		920,000		957,996
9.250%, 05/15/2023 (A)		291,000		305,928
Sensata Technologies, Inc. 4.375%, 02/15/2030 (A)		340,000		340,000
Standard Industries, Inc.
4.750%, 01/15/2028 (A)		420,000		434,137
6.000%, 10/15/2025 (A)		330,000		345,992
The ADT Security Corp. 4.125%, 06/15/2023		700,000		710,500
United Airlines 2013-1 Class B Pass Through Trust 5.375%, 02/15/2023		313,702		325,622
United Airlines 2014-1 Class B Pass Through Trust 4.750%, 10/11/2023		88,850		91,391

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
United Rentals North America, Inc.
4.625%, 10/15/2025	$	190,000	$	193,893
4.875%, 01/15/2028		880,000		915,200
5.250%, 01/15/2030 (B)		1,270,000		1,331,125
5.500%, 05/15/2027		650,000		689,000
6.500%, 12/15/2026		580,000		631,910
Waste Pro USA, Inc. 5.500%, 02/15/2026 (A)		440,000		453,622
XPO CNW, Inc. 6.700%, 05/01/2034		740,000		725,200
XPO Logistics, Inc. 6.125%, 09/01/2023 (A)(B)		937,000		967,453
				19,160,876
Information technology – 1.6%
Amkor Technology, Inc. 6.625%, 09/15/2027 (A)		560,000		610,400
CDK Global, Inc.
4.875%, 06/01/2027		250,000		260,300
5.250%, 05/15/2029 (A)		30,000		31,050
5.875%, 06/15/2026		630,000		670,163
CommScope Technologies LLC
5.000%, 03/15/2027 (A)		180,000		148,500
6.000%, 06/15/2025 (A)(B)		260,000		234,650
CommScope, Inc. 8.250%, 03/01/2027 (A)		330,000		321,234
Dell International LLC 7.125%, 06/15/2024 (A)		360,000		379,980
j2 Cloud Services LLC 6.000%, 07/15/2025 (A)		560,000		591,276
				3,247,553
Materials – 9.6%
Alcoa Nederland Holding BV
6.125%, 05/15/2028 (A)		1,260,000		1,341,774
7.000%, 09/30/2026 (A)		660,000		716,120
ArcelorMittal 6.750%, 03/01/2041		470,000		558,071
ARD Securities Finance SARL (8.750% Cash or 8.750% PIK) 8.750%, 01/31/2023 (A)(B)		766,954		793,797
Ardagh Packaging Finance PLC 6.000%, 02/15/2025 (A)		1,070,000		1,118,792
BHP Billiton Finance USA, Ltd. (6.750% to 10-20-25, then 5 Year U.S. Swap Rate + 5.093%) 10/19/2075 (A)		250,000		292,188
First Quantum Minerals, Ltd.
6.875%, 03/01/2026 (A)		620,000		590,550
7.500%, 04/01/2025 (A)		1,140,000		1,122,900
Flex Acquisition Company, Inc. 7.875%, 07/15/2026 (A)		620,000		568,850
Freeport-McMoRan, Inc.
3.550%, 03/01/2022		248,000		248,620
3.875%, 03/15/2023		160,000		161,200
4.550%, 11/14/2024		730,000		748,104
5.450%, 03/15/2043		2,030,000		1,827,771
FXI Holdings, Inc. 7.875%, 11/01/2024 (A)		580,000		504,600
Greif, Inc. 6.500%, 03/01/2027 (A)		880,000		933,240
Hudbay Minerals, Inc. 7.625%, 01/15/2025 (A)		1,410,000		1,429,388
Mercer International, Inc.
5.500%, 01/15/2026		380,000		365,750
6.500%, 02/01/2024		690,000		707,250

 

92

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Midwest Vanadium Pty, Ltd. 11.500%, 02/15/2018 (A)(C)	$	913,644	$	1,142
Northwest Acquisitions ULC 7.125%, 11/01/2022 (A)		340,000		199,750
Olin Corp. 5.000%, 02/01/2030		420,000		420,672
Pactiv LLC
7.950%, 12/15/2025		380,000		414,200
8.375%, 04/15/2027		1,130,000		1,226,050
Summit Materials LLC
5.125%, 06/01/2025 (A)		300,000		307,500
6.500%, 03/15/2027 (A)		360,000		384,300
Teck Resources, Ltd. 5.200%, 03/01/2042		670,000		666,444
Trivium Packaging Finance BV 5.500%, 08/15/2026 (A)		200,000		210,240
U.S. Concrete, Inc. 6.375%, 06/01/2024		300,000		312,000
Valvoline, Inc.
4.375%, 08/15/2025 (B)		510,000		518,925
5.500%, 07/15/2024		650,000		676,000
				19,366,188
Real estate – 2.4%
CoreCivic, Inc.
4.625%, 05/01/2023		130,000		125,956
5.000%, 10/15/2022		390,000		389,025
CTR Partnership LP 5.250%, 06/01/2025		410,000		423,325
Five Point Operating Company LP 7.875%, 11/15/2025 (A)		800,000		812,000
Forestar Group, Inc. 8.000%, 04/15/2024 (A)		640,000		691,200
MPT Operating Partnership LP
4.625%, 08/01/2029		310,000		319,300
5.000%, 10/15/2027		340,000		356,150
5.250%, 08/01/2026		250,000		261,938
The GEO Group, Inc.
5.875%, 10/15/2024		750,000		645,000
6.000%, 04/15/2026		945,000		762,615
				4,786,509
Utilities – 0.6%
NRG Energy, Inc. 7.250%, 05/15/2026		40,000		43,810
Suburban Propane Partners LP 5.875%, 03/01/2027		450,000		459,909
Talen Energy Supply LLC
6.625%, 01/15/2028 (A)		410,000		402,825
10.500%, 01/15/2026 (A)		340,000		293,250
				1,199,794
TOTAL CORPORATE BONDS (Cost $166,154,582)			$	166,093,700
CONVERTIBLE BONDS – 1.1%
Communication services – 0.6%
DISH Network Corp.
2.375%, 03/15/2024		420,000		369,064
3.375%, 08/15/2026		110,000		100,783
Liberty Media Corp. 2.125%, 03/31/2048 (A)		370,000		378,325
Zillow Group, Inc.
0.750%, 09/01/2024 (A)		150,000		143,259
1.375%, 09/01/2026 (A)		150,000		140,045
				1,131,476

High Yield Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
Energy – 0.1%
Cheniere Energy, Inc. 4.250%, 03/15/2045	$	140,000	$	107,975
Chesapeake Energy Corp. 5.500%, 09/15/2026		260,000		155,350
				263,325
Information technology – 0.4%
Okta, Inc. 0.125%, 09/01/2025 (A)		180,000		162,974
Vishay Intertechnology, Inc. 2.250%, 06/15/2025		630,000		588,924
				751,898
TOTAL CONVERTIBLE BONDS (Cost $2,329,565)			$	2,146,699
TERM LOANS (E) – 6.1%
Communication services – 0.2%
iHeartCommunications, Inc., Exit Term Loan (1 month LIBOR + 4.000%) 6.100%, 05/01/2026		432,109		434,663
Consumer discretionary – 2.3%
CEOC LLC, Exit Term Loan (1 month LIBOR + 2.000%) 4.044%, 10/06/2024		679,171		678,709
CWGS Group LLC, 2016 Term Loan (1 month LIBOR + 2.750%) 4.794%, 11/08/2023		787,725		668,723
Del Frisco's Restaurant Group, Inc., 2019 Bridge Term Loan 12/31/2019 TBD (F)		500,000		500,000
Diamond Sports Group LLC, Term Loan (1 month LIBOR + 3.250%) 5.300%, 08/24/2026		90,000		90,450
Panther BF Aggregator 2 LP, USD Term Loan B (1 month LIBOR + 3.500%) 5.544%, 04/30/2026		480,000		474,902
PetSmart, Inc., Consenting Term Loan (1 month LIBOR + 4.000%) 6.040%, 03/11/2022		1,544,693		1,505,118
Spencer Spirit IH LLC, Term Loan B (1 month LIBOR + 6.000%) 8.057%, 06/19/2026		650,000		638,086
TOMS Shoes LLC, Term Loan B (3 month LIBOR + 5.500%) 7.760%, 11/02/2020		162,443		102,339
				4,658,327
Energy – 0.4%
Eastern Power LLC, Term Loan B (1 month LIBOR + 3.750%) 5.794%, 10/02/2023		540,435		541,710
Permian Production Partners LLC, Term Loan (1 month LIBOR + 6.000%) 8.050%, 05/18/2024		446,500		223,250
				764,960
Financials – 0.5%
Allied Universal Holdco LLC, 2019 Term Loan B (3 month LIBOR + 4.250%) 6.507%, 07/10/2026		755,225		755,580
Jane Street Group LLC, 2018 Term Loan B (1 month LIBOR + 3.000%) 5.046%, 08/25/2022		329,169		327,934
				1,083,514

 

93

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) (continued)
Health care – 2.0%
Immucor, Inc., Extended Term Loan B (3 month LIBOR + 5.000%) 7.104%, 06/15/2021	$	285,782	$	285,157
McAfee LLC, 2018 USD Term Loan B (1 month LIBOR + 3.750%) 5.794%, 09/30/2024		668,312		669,529
Option Care Health, Inc., Term Loan B (1 month LIBOR + 4.500%) 6.544%, 05/21/2026		610,000		607,713
Radnet Management, Inc., Reprice Term Loan (3 month LIBOR + 3.500%) 5.830%, 06/30/2023		777,143		779,086
RegionalCare Hospital Partners Holdings, Inc., 2018 Term Loan B (1 month LIBOR + 4.500%) 6.554%, 11/17/2025		307,675		307,724
U.S. Renal Care, Inc., 2019 Term Loan B (1 month LIBOR + 5.000%) 7.063%, 06/26/2026		1,110,000		1,046,175
VVC Holding Corp., 2019 Term Loan B (3 month LIBOR + 4.500%) 6.681%, 02/11/2026		268,650		267,643
				3,963,027
Industrials – 0.4%
Cornerstone Building Brands, Inc., 2018 Term Loan (1 month LIBOR + 3.750%) 5.789%, 04/12/2025		553,000		540,558
Temple Generation I LLC, 2nd Lien Term Loan (1 month LIBOR + 8.000%) 10.054%, 02/07/2023		284,562		284,562
				825,120
Information technology – 0.3%
Global Tel*Link Corp., 2018 1st Lien Term Loan (1 month LIBOR + 4.250%) 6.294%, 11/29/2025		668,317		639,579
TOTAL TERM LOANS (Cost $12,775,474)			$	12,369,190
ASSET BACKED SECURITIES – 5.3%
Anchorage Capital CLO, Ltd. Series 2014-3RA, Class E (3 month LIBOR + 5.550%) 7.756%, 01/28/2031 (A)(G)		670,000		618,447
ARES XLIV CLO, Ltd. Series 2017-44A, Class D (3 month LIBOR + 6.550%) 8.853%, 10/15/2029 (A)(G)		700,000		668,422
Avery Point VI CLO, Ltd. Series 2015-6A, Class E1 (3 month LIBOR + 5.500%) 7.787%, 08/05/2027 (A)(G)		750,000		695,642
BlueMountain CLO, Ltd.
Series 2015-2A, Class ER (3 month LIBOR + 5.200%) 7.500%, 07/18/2027 (A)(G)		250,000		228,667
Series 2016-2A, Class DR (3 month LIBOR + 7.790%) 10.029%, 08/20/2032 (A)(G)		300,000		290,917
Carlyle US CLO, Ltd. Series 2017-2A, Class C (3 month LIBOR + 3.700%) 5.978%, 07/20/2031 (A)(G)		750,000		725,681
Catskill Park CLO, Ltd. Series 2017-1A, Class D (3 month LIBOR + 6.000%) 8.278%, 04/20/2029 (A)(G)		400,000		378,246

High Yield Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Cent CLO 24, Ltd. Series 2015-24A, Class CR (3 month LIBOR + 3.150%) 5.453%, 10/15/2026 (A)(G)	$	360,000	$	358,747
Cook Park CLO, Ltd. Series 2018-1A, Class E (3 month LIBOR + 5.400%) 7.703%, 04/17/2030 (A)(G)		250,000		224,251
Cumberland Park CLO, Ltd. Series 2015-2A, Class ER (3 month LIBOR + 5.650%) 7.928%, 07/20/2028 (A)(G)		750,000		720,884
CVP CLO, Ltd. Series 2017-2A, Class D (3 month LIBOR + 2.650%) 4.928%, 01/20/2031 (A)(G)		500,000		463,049
Greenwood Park CLO, Ltd. Series 2018-1A, Class D (3 month LIBOR + 2.500%) 5.287%, 04/15/2031 (A)(G)		290,000		269,781
Greywolf CLO, Ltd. Series 2019-1A, Class C (3 month LIBOR + 3.950%) 6.538%, 04/17/2030 (A)(G)		250,000		250,033
Jamestown CLO VIII, Ltd. Series 2015-8A, Class D2 (3 month LIBOR + 6.750%) 9.053%, 01/15/2028 (A)(G)		750,000		736,423
Neuberger Berman CLO, Ltd. Series 2014-17A, Class ER (3 month LIBOR + 6.550%) 8.828%, 04/22/2029 (A)(G)		420,000		391,772
Oaktree CLO, Ltd. Series 2015-1A, Class DR (3 month LIBOR + 5.200%) 7.478%, 10/20/2027 (A)(G)		250,000		241,316
Octagon Investment Partners XWIII, Ltd. Series 2015-1A, Class ER (3 month LIBOR + 5.750%) 8.053%, 07/15/2027 (A)(G)		250,000		244,058
OZLM XIX, Ltd. Series 2017-19A, Class C (3 month LIBOR + 3.100%) 5.403%, 11/22/2030 (A)(G)		810,000		758,982
Saranac CLO III, Ltd. Series 2014-3A, Class DR (3 month LIBOR + 3.250%) 5.409%, 06/22/2030 (A)(G)		570,000		544,404
Sound Point CLO, Ltd. Series 2013-2RA, Class E (3 month LIBOR + 6.000%) 8.303%, 04/15/2029 (A)(G)		350,000		328,576
THL Credit Wind River CLO, Ltd. Series 2016-1A, Class ER (3 month LIBOR + 5.550%) 7.853%, 07/15/2028 (A)(G)		750,000		711,594
Treman Park CLO, Ltd. Series 2015-1A, Class ERR (3 month LIBOR + 5.500%) 7.778%, 10/20/2028 (A)(G)		250,000		237,417

 

94

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Venture XVII CLO, Ltd.
Series 2014-17A, Class DRR (3 month LIBOR + 2.820%) 5.607%, 04/15/2027 (A)(G)	$	350,000	$	334,072
Series 2014-17A, Class ERR (3 month LIBOR + 5.740%) 8.527%, 04/15/2027 (A)(G)		350,000		328,845
TOTAL ASSET BACKED SECURITIES (Cost $11,073,920)			$	10,750,226
COMMON STOCKS – 0.9%
Communication services – 0.0%
Vertis Holdings, Inc. (H)(I)		69,391		0
Energy – 0.7%
Berry Petroleum Corp.		146,047		1,367,000
Hercules Offshore, Inc. (H)(I)		45,689		29,632
KCAD Holdings I, Ltd. (H)(I)		165,553,563		166
Montage Resources Corp. (B)(I)		28,903		109,253
MWO Holdings LLC (H)(I)		445		25,841
				1,531,892
Industrials – 0.2%
Temple Generation I LLC (I)		17,991		368,816
TOTAL COMMON STOCKS (Cost $10,227,360)			$	1,900,708
PREFERRED SECURITIES – 0.8%
Financials – 0.8%
B. Riley Financial, Inc., 6.875%		8,875		231,460
GMAC Capital Trust I (3 month LIBOR + 5.785%), 7.943% (G)		51,072		1,338,597
				1,570,057
TOTAL PREFERRED SECURITIES (Cost $1,427,013)			$	1,570,057
ESCROW SHARES – 0.0%
Bossier Casino Venture Holdco, Inc. (H)(I)		43,365		11,275
TOTAL ESCROW SHARES (Cost $0)			$	11,275
ESCROW CERTIFICATES – 0.0%
Adelphia Communications Corp.
7.750%, 01/15/2049 (H)(I)	$	3,000,000		0
9.875%, 03/01/2049 (H)(I)		2,050,000		0
10.250%, 11/01/2049 (H)(I)		1,025,000		0
Magellan Health, Inc. 9.750%, 05/15/2020 (H)(I)		1,930,000		500
TOTAL ESCROW CERTIFICATES (Cost $429,420)			$	500
SECURITIES LENDING COLLATERAL – 7.0%
John Hancock Collateral Trust, 2.1169% (J)(K)		1,406,961		14,079,036
TOTAL SECURITIES LENDING COLLATERAL (Cost $14,079,290)			$	14,079,036

High Yield Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 1.9%
Money market funds – 1.9%
State Street Institutional Treasury Plus Money Market Fund, Premier Class, 1.8811% (J)	3,837,754	$	3,837,754
TOTAL SHORT-TERM INVESTMENTS (Cost $3,837,754)		$	3,837,754
Total Investments (High Yield Trust) (Cost $225,375,338) – 106.0%		$	214,572,374
Other assets and liabilities, net – (6.0%)			(12,116,199)
TOTAL NET ASSETS – 100.0%		$	202,456,175

Currency Abbreviations
BRL	Brazilian Real
CAD	Canadian Dollar
EUR	Euro
IDR	Indonesian Rupiah

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)	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 $105,744,521 or 52.2% of the fund's net assets as of 9-30-19.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $13,780,146.
(C)	Non-income producing - Issuer is in default.
(D)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(F)	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).
(G)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(H)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(I)	Non-income producing security.
(J)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	86	Long	Dec 2019	$10,300,965	$10,246,766	$(54,199)
U.S. Treasury Long Bond Futures	11	Short	Dec 2019	(1,810,580)	(1,785,438)	25,142
						$(29,057)

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

95

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
CAD	1,872,009	USD	1,427,444	JPM	10/17/2019	—	$(14,073)
MXN	1,174,325	USD	60,010	JPM	10/17/2019	—	(651)
USD	144,209	EUR	127,131	JPM	10/17/2019	$5,485	—
						$5,485	$(14,724)

Derivatives Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
MXN	Mexican Peso
USD	U.S. Dollar

Derivatives Abbreviations
JPM	JPMorgan Chase Bank, N.A.
OTC	Over-the-counter

International Equity Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.0%
Argentina - 0.0%
Banco Macro SA, ADR	1,600	$	41,632
Globant SA (A)	1,200		109,896
Grupo Financiero Galicia SA, ADR	3,700		48,100
Pampa Energia SA, ADR (A)	2,300		39,928
YPF SA, ADR	6,300		58,275
			297,831
Australia - 4.8%
AGL Energy, Ltd.	24,640		318,767
Alumina, Ltd.	94,472		151,357
AMP, Ltd.	102,336		126,217
APA Group	44,410		343,950
Aristocrat Leisure, Ltd.	20,789		429,815
ASX, Ltd.	6,951		380,911
Aurizon Holdings, Ltd.	76,706		305,777
AusNet Services	77,670		95,157
Australia & New Zealand Banking Group, Ltd.	103,351		1,985,340
Bank of Queensland, Ltd.	17,119		114,646
Bendigo & Adelaide Bank, Ltd.	18,165		140,943
BHP Group PLC	77,583		1,657,110
BHP Group, Ltd.	106,565		2,633,282
BlueScope Steel, Ltd.	20,070		163,016
Boral, Ltd.	42,857		139,868
Brambles, Ltd.	57,039		439,258
Caltex Australia, Ltd.	9,411		167,220
Challenger, Ltd.	22,963		114,358
CIMIC Group, Ltd.	3,702		78,660
Coca-Cola Amatil, Ltd.	21,130		152,050
Cochlear, Ltd.	2,020		284,264
Coles Group, Ltd.	40,710		423,242
Commonwealth Bank of Australia	64,038		3,493,239
Computershare, Ltd.	16,916		184,923
Crown Resorts, Ltd.	14,067		114,431
CSL, Ltd.	16,387		2,590,982
Dexus	39,487		318,058
Flight Centre Travel Group, Ltd.	2,493		80,074
Fortescue Metals Group, Ltd.	54,593		324,950
Goodman Group	59,055		565,262
Harvey Norman Holdings, Ltd. (B)	19,515		59,700
Incitec Pivot, Ltd.	65,708		150,476
Insurance Australia Group, Ltd.	82,791		441,770
Lendlease Group	20,344		241,298
Macquarie Group, Ltd.	11,760		1,042,433
Magellan Financial Group, Ltd.	4,432		154,368

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Medibank Pvt., Ltd.	99,625	$	228,791
Mirvac Group	141,329		291,967
MMG, Ltd. (A)	88,000		20,766
National Australia Bank, Ltd.	103,587		2,076,943
Newcrest Mining, Ltd.	28,639		660,864
Oil Search, Ltd.	49,235		243,061
Orica, Ltd.	13,519		205,871
Origin Energy, Ltd.	63,117		339,956
QBE Insurance Group, Ltd. (B)	49,037		415,952
Ramsay Health Care, Ltd.	5,011		219,532
REA Group, Ltd.	2,146		156,888
Santos, Ltd.	64,049		333,964
Scentre Group	191,167		507,176
SEEK, Ltd.	11,910		172,759
Sonic Healthcare, Ltd.	16,282		308,724
South32, Ltd.	112,851		199,035
South32, Ltd. (London Stock Exchange)	74,597		131,329
Stockland	87,409		268,494
Suncorp Group, Ltd. (B)	45,184		416,279
Sydney Airport	39,872		216,353
Tabcorp Holdings, Ltd.	75,725		247,867
Telstra Corp., Ltd.	148,535		352,097
The GPT Group	65,090		270,671
TPG Telecom, Ltd.	13,013		60,991
Transurban Group	96,778		960,761
Treasury Wine Estates, Ltd.	26,341		330,629
Vicinity Centres	127,154		220,611
Washington H Soul Pattinson & Company, Ltd.	3,863		54,890
Wesfarmers, Ltd.	40,710		1,093,790
Westpac Banking Corp.	123,266		2,461,949
Woodside Petroleum, Ltd.	34,179		746,714
Woolworths Group, Ltd.	48,115		1,210,748
WorleyParsons, Ltd.	11,515		101,019
			35,934,613
Austria - 0.1%
ANDRITZ AG	2,752		112,462
Erste Group Bank AG (A)	11,010		363,877
OMV AG	5,543		297,097
Raiffeisen Bank International AG	4,926		114,243
Verbund AG	2,442		133,615
voestalpine AG (B)	4,357		100,177
			1,121,471

 

96

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Belgium - 0.7%
Ageas	7,799	$	432,340
Anheuser-Busch InBev SA	27,018		2,571,570
Colruyt SA	2,769		151,693
Groupe Bruxelles Lambert SA	3,135		300,924
KBC Group NV	8,597		558,389
Proximus SADP	5,996		178,166
Solvay SA	2,881		298,263
Telenet Group Holding NV	2,144		101,175
Titan Cement International SA (A)	2,489		51,545
UCB SA	4,152		301,238
Umicore SA	6,530		246,725
			5,192,028
Brazil - 1.3%
Ambev SA	169,030		783,121
Atacadao SA	13,900		70,421
B2W Cia Digital (A)	7,524		87,555
B3 SA - Brasil Bolsa Balcao	73,407		770,827
Banco Bradesco SA	44,362		333,653
Banco BTG Pactual SA	7,800		109,915
Banco do Brasil SA	30,113		329,689
Banco Santander Brasil SA	14,000		152,738
BB Seguridade Participacoes SA	24,400		205,714
BR Malls Participacoes SA	28,116		97,511
Braskem SA, ADR (A)	1,584		24,790
BRF SA (A)	19,720		181,303
CCR SA	40,100		166,482
Centrais Eletricas Brasileiras SA	11,900		114,992
Centrais Eletricas Brasileiras SA, ADR	1,429		14,361
Cia Brasileira de Distribuicao, ADR	628		12,076
Cia de Saneamento Basico do Estado de Sao Paulo	11,270		134,536
Cia Siderurgica Nacional SA	16,100		51,265
Cia Siderurgica Nacional SA, ADR (B)	11,800		37,288
Cielo SA	44,260		85,219
Cosan SA	7,211		92,330
Embraer SA	12,800		55,175
Embraer SA, ADR	2,626		45,299
Energisa SA	3,100		37,268
Engie Brasil Energia SA	9,375		100,159
Equatorial Energia SA	6,700		161,721
Hypera SA	14,208		114,657
IRB Brasil Resseguros SA	25,200		228,410
JBS SA	34,073		268,897
Klabin SA	24,000		88,896
Kroton Educacional SA	47,780		128,565
Localiza Rent a Car SA	20,026		219,108
Lojas Renner SA	29,227		355,019
M Dias Branco SA	4,800		40,434
Magazine Luiza SA	21,600		192,557
Multiplan Empreendimentos Imobiliarios SA	9,975		69,262
Natura Cosmeticos SA	13,000		105,941
Notre Dame Intermedica Participacoes SA	10,400		135,790
Petrobras Distribuidora SA	25,000		165,646
Petroleo Brasileiro SA	106,229		770,841
Porto Seguro SA	4,419		62,633
Raia Drogasil SA	8,100		186,780
Rumo SA (A)	38,235		225,456
Sul America SA	7,299		83,812
Suzano SA	17,263		139,809
Suzano SA, ADR (B)	3,164		25,533
Telefonica Brasil SA, ADR	6,017		79,244
TIM Participacoes SA	28,020		80,318
Ultrapar Participacoes SA	25,400		113,033

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Brazil (continued)
Vale SA (A)	113,597	$	1,305,493
WEG SA	30,058		175,286
			9,616,828
Canada - 7.0%
Agnico Eagle Mines, Ltd.	8,919		477,978
Air Canada (A)	4,700		153,291
Alimentation Couche-Tard, Inc., Class B	32,600		999,026
AltaGas, Ltd. (B)	11,500		168,830
Atco, Ltd., Class I	3,400		124,416
Aurora Cannabis, Inc. (A)(B)	27,900		122,563
Bank of Montreal	22,600		1,664,572
Barrick Gold Corp.	42,438		734,180
Barrick Gold Corp. (London Stock Exchange)	20,657		374,349
BCE, Inc.	6,024		291,367
BlackBerry, Ltd. (A)	21,000		110,005
Bombardier, Inc., Class B (A)	88,200		119,167
Brookfield Asset Management, Inc., Class A	29,948		1,590,249
CAE, Inc.	10,400		264,229
Cameco Corp.	16,300		154,775
Canadian Imperial Bank of Commerce	16,300		1,344,871
Canadian National Railway Company	25,600		2,298,657
Canadian Natural Resources, Ltd.	44,260		1,177,616
Canadian Pacific Railway, Ltd.	4,900		1,088,922
Canadian Tire Corp., Ltd., Class A (B)	1,900		213,211
Canadian Utilities, Ltd., Class A	5,500		162,113
Canopy Growth Corp. (A)(B)	8,000		183,266
CCL Industries, Inc., Class B	6,000		242,020
Cenovus Energy, Inc.	40,300		378,102
CGI, Inc. (A)	8,500		672,121
CI Financial Corp.	10,300		150,280
Constellation Software, Inc. (B)	700		699,102
Cronos Group, Inc. (A)(B)	8,100		73,183
Dollarama, Inc.	10,200		365,163
Emera, Inc.	8,500		373,144
Empire Company, Ltd., Class A (B)	7,200		194,938
Enbridge, Inc.	71,900		2,523,569
Encana Corp.	57,100		261,612
Fairfax Financial Holdings, Ltd.	900		396,724
First Capital Realty, Inc.	7,800		129,936
First Quantum Minerals, Ltd.	26,954		226,439
Fortis, Inc.	16,235		686,359
Franco-Nevada Corp.	7,100		646,950
George Weston, Ltd.	3,099		260,720
Gildan Activewear, Inc.	8,400		298,123
Great-West Lifeco, Inc.	11,200		268,915
H&R Real Estate Investment Trust	6,200		108,243
Husky Energy, Inc.	14,897		104,797
Hydro One, Ltd. (B)(C)	13,300		245,852
iA Financial Corp., Inc.	4,500		204,782
IGM Financial, Inc.	3,900		110,743
Imperial Oil, Ltd.	11,130		289,833
Intact Financial Corp.	5,200		523,356
Inter Pipeline, Ltd.	15,900		279,032
Keyera Corp.	8,500		206,397
Kinross Gold Corp. (A)	52,429		241,399
Kirkland Lake Gold, Ltd. (B)	7,100		318,062
Loblaw Companies, Ltd.	7,240		412,372
Lundin Mining Corp.	26,800		126,025
Magna International, Inc.	10,600		565,024
Manulife Financial Corp. (D)	69,400		1,272,914
Methanex Corp.	2,700		95,805
Metro, Inc.	9,357		411,966
National Bank of Canada (B)	12,700		631,909

 

97

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Nutrien, Ltd.	20,590	$	1,025,731
Onex Corp.	3,500		216,972
Open Text Corp.	10,300		420,132
Pembina Pipeline Corp.	18,998		704,224
Power Corp. of Canada	10,347		238,359
Power Financial Corp.	9,300		215,644
PrairieSky Royalty, Ltd. (B)	9,247		128,984
Quebecor, Inc., Class B	6,400		145,309
Restaurant Brands International, Inc.	9,046		643,192
RioCan Real Estate Investment Trust	6,300		125,444
Rogers Communications, Inc., Class B	13,600		662,421
Royal Bank of Canada	51,300		4,161,385
Saputo, Inc.	9,100		279,694
Shaw Communications, Inc., Class B	18,110		355,824
Shopify, Inc., Class A (A)	3,400		1,058,097
SmartCentres Real Estate Investment Trust	3,100		76,046
SNC-Lavalin Group, Inc.	7,300		102,818
Sun Life Financial, Inc.	20,800		930,062
Suncor Energy, Inc.	55,635		1,754,906
TC Energy Corp.	32,797		1,698,211
Teck Resources, Ltd., Class B	19,461		315,524
TELUS Corp.	7,600		270,476
The Bank of Nova Scotia	43,400		2,465,072
The Stars Group, Inc. (A)(B)	7,600		113,755
The Toronto-Dominion Bank	65,100		3,795,883
Thomson Reuters Corp.	7,754		518,260
Tourmaline Oil Corp.	10,800		106,871
Vermilion Energy, Inc. (B)	6,100		101,617
West Fraser Timber Company, Ltd.	2,700		108,012
Wheaton Precious Metals Corp.	16,953		444,539
WSP Global, Inc.	4,200		245,466
			52,242,494
Chile - 0.3%
Antofagasta PLC	16,040		177,074
Banco Santander Chile, ADR	15,561		435,708
Cencosud SA	61,383		100,991
Cia Cervecerias Unidas SA, ADR	8,997		199,643
Enel Americas SA, ADR	62,059		565,357
Enel Chile SA, ADR	53,119		223,631
Itau CorpBanca, ADR	7,999		89,302
Latam Airlines Group SA, ADR (B)	19,197		213,087
Sociedad Quimica y Minera de Chile SA, ADR	6,254		173,799
			2,178,592
China - 7.0%
3SBio, Inc. (A)(C)	40,500		66,975
51job, Inc., ADR (A)(B)	900		66,600
58.com, Inc., ADR (A)	3,300		162,723
AAC Technologies Holdings, Inc.	27,342		144,244
AECC Aviation Power Company, Ltd., Class A	3,600		11,043
Agile Group Holdings, Ltd.	54,000		65,597
Agricultural Bank of China, Ltd., Class A	119,900		58,162
Agricultural Bank of China, Ltd., H Shares	1,041,000		407,652
Aier Eye Hospital Group Company, Ltd., Class A	3,380		16,810
Air China, Ltd., H Shares	84,534		74,195
Alibaba Group Holding, Ltd., ADR (A)	51,100		8,545,433
Aluminum Corp. of China, Ltd., H Shares (A)	185,220		58,363
Angang Steel Company, Ltd., H Shares	49,400		18,032

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Anhui Conch Cement Company, Ltd., Class A	6,400	$	37,110
Anhui Conch Cement Company, Ltd., H Shares	56,790		337,011
ANTA Sports Products, Ltd.	43,000		355,446
Autohome, Inc., ADR (A)(B)	2,100		174,573
AviChina Industry & Technology Company, Ltd., H Shares	72,000		35,371
BAIC Motor Corp., Ltd., H Shares (C)	63,000		38,920
Baidu, Inc., ADR (A)	9,900		1,017,324
Bank of Beijing Company, Ltd., Class A	22,600		16,985
Bank of China, Ltd., Class A	52,600		26,396
Bank of China, Ltd., H Shares	2,832,563		1,110,850
Bank of Communications Company, Ltd., Class A	63,200		48,283
Bank of Communications Company, Ltd., H Shares	337,527		220,325
Bank of Jiangsu Company, Ltd., Class A	12,400		11,674
Bank of Nanjing Company, Ltd., Class A	13,600		16,382
Bank of Ningbo Company, Ltd., Class A	5,600		19,804
Bank of Shanghai Company, Ltd., Class A	15,210		19,935
Baoshan Iron & Steel Company, Ltd., Class A	19,900		16,492
Baozun, Inc., ADR (A)(B)	1,300		55,510
BBMG Corp., H Shares	44,000		12,624
BeiGene, Ltd., ADR (A)	1,200		146,952
Beijing Capital International Airport Company, Ltd., H Shares	52,789		45,045
BOE Technology Group Company, Ltd., Class A	36,200		19,061
BYD Company, Ltd., Class A	1,900		12,992
BYD Company, Ltd., H Shares (B)	24,105		119,796
BYD Electronic International Company, Ltd.	13,500		20,214
CGN Power Company, Ltd., H Shares (C)	446,000		112,753
China Aoyuan Group, Ltd.	24,000		27,188
China Cinda Asset Management Company, Ltd., H Shares	304,800		59,881
China CITIC Bank Corp., Ltd., H Shares	310,800		165,707
China Coal Energy Company, Ltd., H Shares	41,000		16,690
China Common Rich Renewable Energy Investments, Ltd. (A)(E)	428,695		64,104
China Communications Construction Company, Ltd., H Shares	152,335		119,111
China Communications Services Corp., Ltd., H Shares	129,600		73,474
China Conch Venture Holdings, Ltd.	57,900		214,129
China Construction Bank Corp., Class A	15,400		15,095
China Construction Bank Corp., H Shares	3,462,914		2,638,599
China Eastern Airlines Corp., Ltd., Class A (A)	15,800		11,476
China Eastern Airlines Corp., Ltd., H Shares (A)	50,000		24,217
China Everbright Bank Company, Ltd., Class A	42,600		23,524
China Everbright Bank Company, Ltd., H Shares	120,000		51,119
China Evergrande Group (A)(B)	65,959		140,544
China Fortune Land Development Company, Ltd., Class A	3,200		12,104

 

98

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Galaxy Securities Company, Ltd., H Shares	129,500	$	68,942
China Hongqiao Group, Ltd.	34,500		22,028
China Huarong Asset Management Company, Ltd., H Shares (C)	351,700		52,945
China Huishan Dairy Holdings Company, Ltd. (A)(E)	225,000		3,301
China International Capital Corp., Ltd., H Shares (C)	36,800		71,425
China International Travel Service Corp., Ltd., Class A	3,100		40,422
China Life Insurance Company, Ltd., Class A	4,500		17,355
China Life Insurance Company, Ltd., H Shares	265,624		612,090
China Literature, Ltd. (A)(C)	6,400		21,732
China Longyuan Power Group Corp., Ltd., H Shares	99,000		55,626
China Medical System Holdings, Ltd.	48,300		57,369
China Merchants Bank Company, Ltd., Class A	33,200		161,902
China Merchants Bank Company, Ltd., H Shares	139,323		662,642
China Merchants Securities Company, Ltd., Class A	6,100		14,068
China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A	7,000		18,650
China Minsheng Banking Corp., Ltd., Class A	57,080		48,165
China Minsheng Banking Corp., Ltd., H Shares	242,496		164,861
China Molybdenum Company, Ltd., Class A	28,400		14,498
China Molybdenum Company, Ltd., H Shares	129,000		42,815
China National Building Material Company, Ltd., H Shares	138,000		123,777
China National Nuclear Power Company, Ltd., Class A	20,900		15,500
China Oilfield Services, Ltd., H Shares	56,000		66,963
China Oriental Group Company, Ltd.	22,000		7,607
China Pacific Insurance Group Company, Ltd., Class A	10,100		49,403
China Pacific Insurance Group Company, Ltd., H Shares	94,100		345,280
China Petroleum & Chemical Corp., Class A	27,300		19,205
China Petroleum & Chemical Corp., H Shares (B)	909,361		538,107
China Railway Construction Corp., Ltd., Class A	12,300		16,311
China Railway Construction Corp., Ltd., H Shares	67,500		73,845
China Railway Group, Ltd., Class A	30,000		25,240
China Railway Group, Ltd., H Shares	179,000		108,653
China Railway Signal & Communication Corp., Ltd., H Shares (C)	53,000		32,789
China Reinsurance Group Corp., H Shares	203,000		32,906
China Resources Pharmaceutical Group, Ltd. (C)	66,000		61,745
China Shenhua Energy Company, Ltd., Class A	4,700		12,373
China Shenhua Energy Company, Ltd., H Shares	127,500		255,976

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Shipbuilding Industry Company, Ltd., Class A	24,500	$	18,931
China Southern Airlines Company, Ltd., Class A	13,800		12,830
China Southern Airlines Company, Ltd., H Shares	64,000		38,713
China State Construction Engineering Corp., Ltd., Class A	67,540		51,424
China Telecom Corp., Ltd., H Shares	481,604		219,303
China Tower Corp., Ltd., H Shares (B)(C)	1,390,000		315,459
China United Network Communications, Ltd., Class A	49,900		42,064
China Vanke Company, Ltd., Class A	15,600		56,730
China Vanke Company, Ltd., H Shares	50,300		175,058
China Yangtze Power Company, Ltd., Class A	35,400		90,484
China Zhongwang Holdings, Ltd.	32,800		13,350
Chongqing Rural Commercial Bank Company, Ltd., H Shares	88,000		46,852
Chongqing Zhifei Biological Products Company, Ltd., Class A	2,100		13,968
CIFI Holdings Group Company, Ltd. (B)	128,078		74,852
CITIC Securities Company, Ltd., Class A	15,800		49,863
CITIC Securities Company, Ltd., H Shares (B)	75,500		141,452
CNOOC, Ltd.	637,258		975,725
Contemporary Amperex Technology Company, Ltd., Class A	1,200		12,044
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares	44,000		19,488
COSCO SHIPPING Holdings Company, Ltd., H Shares (A)	92,000		32,768
Country Garden Holdings Company, Ltd.	271,574		343,966
Country Garden Services Holdings Company, Ltd.	36,000		103,825
CRRC Corp., Ltd., Class A	39,100		40,126
CRRC Corp., Ltd., H Shares	164,150		114,542
CSPC Pharmaceutical Group, Ltd.	164,000		329,119
Ctrip.com International, Ltd., ADR (A)	14,300		418,847
Dali Foods Group Company, Ltd. (C)	73,000		44,795
Daqin Railway Company, Ltd., Class A	15,900		16,916
Datang International Power Generation Company, Ltd., H Shares	110,000		22,737
Dongfeng Motor Group Company, Ltd., H Shares	123,220		117,073
East Money Information Company, Ltd., Class A	7,000		14,510
ENN Energy Holdings, Ltd.	27,300		282,536
Focus Media Information Technology Company, Ltd., Class A	15,700		11,541
Foshan Haitian Flavouring & Food Company, Ltd., Class A	3,600		55,516
Fosun International, Ltd.	102,500		126,870
Founder Securities Company, Ltd., Class A	13,200		12,762
Foxconn Industrial Internet Company, Ltd., Class A	6,400		12,957
Future Land Development Holdings, Ltd. (A)(B)	64,000		55,865
Fuyao Glass Industry Group Company, Ltd., H Shares (B)(C)	16,800		46,620
GDS Holdings, Ltd., ADR (A)	2,100		84,168
Gemdale Corp., Class A	7,300		11,831

 

99

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Genscript Biotech Corp. (A)	28,000	$	53,670
GF Securities Company, Ltd., Class A	6,300		12,001
GF Securities Company, Ltd., H Shares	47,800		50,107
GOME Retail Holdings, Ltd. (A)(B)	386,127		34,971
Great Wall Motor Company, Ltd., H Shares (B)	123,000		82,421
Gree Electric Appliances, Inc. of Zhuhai, Class A	4,800		38,566
Greenland Holdings Corp., Ltd., Class A	13,100		12,972
Greentown Service Group Company, Ltd.	22,000		21,587
Guangzhou Automobile Group Company, Ltd., H Shares	142,310		136,194
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., Class A	2,300		11,199
Guangzhou R&F Properties Company, Ltd., H Shares	43,600		66,008
Guosen Securities Company, Ltd., Class A	6,600		11,376
Guotai Junan Securities Company, Ltd., Class A	8,000		19,733
Guotai Junan Securities Company, Ltd., H Shares (C)	21,400		33,287
Haier Smart Home Company, Ltd., Class A	6,500		13,941
Haitian International Holdings, Ltd. (B)	29,000		59,376
Haitong Securities Company, Ltd., Class A	8,700		17,471
Haitong Securities Company, Ltd., H Shares	113,200		118,726
Hangzhou Hikvision Digital Technology Company, Ltd., Class A	15,000		68,018
Hengan International Group Company, Ltd.	25,000		163,816
Hengli Petrochemical Company, Ltd., Class A	9,500		19,908
Hua Hong Semiconductor, Ltd. (B)(C)	9,000		17,922
Huadian Power International Corp., Ltd., H Shares	58,000		22,063
Huadong Medicine Company, Ltd., Class A	2,800		10,288
Huaneng Power International, Inc., H Shares	149,436		71,904
Huaneng Renewables Corp., Ltd., H Shares	226,000		76,861
Huatai Securities Company, Ltd., Class A	7,000		18,752
Huatai Securities Company, Ltd., H Shares (C)	65,400		98,002
Huaxia Bank Company, Ltd., Class A	13,700		14,169
Huayu Automotive Systems Company, Ltd., Class A	5,100		16,810
Huazhu Group, Ltd., ADR (B)	4,700		155,194
Hundsun Technologies, Inc., Class A	1,300		13,483
Iflytek Company, Ltd., Class A	3,500		15,632
Industrial & Commercial Bank of China, Ltd., Class A	86,800		67,292
Industrial & Commercial Bank of China, Ltd., H Shares	2,338,735		1,566,801
Industrial Bank Company, Ltd., Class A	33,400		82,140
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A	48,800		9,988
Inner Mongolia Yili Industrial Group Company, Ltd., Class A	9,800		39,206
Inner Mongolia Yitai Coal Company, Ltd., Class B	37,900		34,765

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
iQIYI, Inc., ADR (A)(B)	4,500	$	72,585
JD.com, Inc., ADR (A)	26,200		739,102
Jiangsu Expressway Company, Ltd., H Shares	41,145		52,247
Jiangsu Hengrui Medicine Company, Ltd., Class A	7,160		80,958
Jiangsu Yanghe Brewery Joint-Stock Company, Ltd., Class A	2,400		35,011
Jiangxi Copper Company, Ltd., H Shares	54,075		62,626
Kaisa Group Holdings, Ltd. (A)	49,000		21,503
Kingdee International Software Group Company, Ltd.	70,000		73,716
Kingsoft Corp., Ltd. (A)(B)	29,000		61,512
Kweichow Moutai Company, Ltd., Class A	2,000		322,438
KWG Group Holdings, Ltd. (A)	45,000		39,454
Legend Holdings Corp., H Shares (C)	13,600		29,312
Lenovo Group, Ltd.	257,436		171,742
Li Ning Company, Ltd.	70,500		202,266
Logan Property Holdings Company, Ltd.	48,000		68,342
Longfor Group Holdings, Ltd. (C)	59,600		222,593
LONGi Green Energy Technology Company, Ltd., Class A	3,900		14,332
Luxshare Precision Industry Company, Ltd., Class A	5,720		21,466
Luye Pharma Group, Ltd. (B)(C)	23,000		16,407
Luzhou Laojiao Company, Ltd., Class A	1,600		19,117
Maanshan Iron & Steel Company, Ltd., H Shares	34,000		12,803
Meitu, Inc. (A)(B)(C)	61,000		14,022
Meituan Dianping, Class B (A)	35,800		365,639
Metallurgical Corp. of China, Ltd., H Shares	103,000		23,112
Midea Group Company, Ltd., Class A	4,500		32,262
Momo, Inc., ADR	5,200		161,096
Muyuan Foodstuff Company, Ltd., Class A	2,800		27,646
NARI Technology Company, Ltd., Class A	4,900		14,057
NetEase, Inc., ADR	2,800		745,304
New China Life Insurance Company, Ltd., Class A	2,200		15,029
New China Life Insurance Company, Ltd., H Shares	29,500		116,580
New Hope Liuhe Company, Ltd., Class A	6,800		16,377
New Oriental Education & Technology Group, Inc., ADR (A)	5,100		564,876
NIO, Inc., ADR (A)(B)	13,200		20,592
Noah Holdings, Ltd., ADR (A)(B)	1,000		29,200
Orient Securities Company, Ltd., Class A	9,600		13,749
PetroChina Company, Ltd., Class A	17,300		15,004
PetroChina Company, Ltd., H Shares	756,261		387,926
PICC Property & Casualty Company, Ltd., H Shares	252,363		294,466
Pinduoduo, Inc., ADR (A)	6,800		219,096
Ping An Bank Company, Ltd., Class A	27,600		60,405
Ping An Insurance Group Company of China, Ltd., Class A	17,400		212,434
Ping An Insurance Group Company of China, Ltd., H Shares	200,290		2,302,076
Poly Developments and Holdings Group Company, Ltd., Class A	19,100		38,332
Postal Savings Bank of China Company, Ltd., H Shares (C)	285,000		173,838

 

100

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Power Construction Corp. of China, Ltd., Class A	20,500	$	13,311
SAIC Motor Corp., Ltd., Class A	12,500		41,676
Sany Heavy Industry Company, Ltd., Class A	8,300		16,627
SDIC Power Holdings Company, Ltd., Class A	10,900		13,764
Seazen Holdings Company, Ltd., Class A	2,400		9,547
Semiconductor Manufacturing International Corp. (A)	105,400		131,813
Shaanxi Coal Industry Company, Ltd., Class A	13,400		16,403
Shandong Gold Mining Company, Ltd., Class A	4,200		19,844
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares	80,000		82,384
Shanghai Electric Group Company, Ltd., H Shares	144,864		46,748
Shanghai Fosun Pharmaceutical Group Company, Ltd., Class A	3,200		11,341
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares	17,500		46,983
Shanghai International Airport Company, Ltd., Class A	1,600		17,931
Shanghai International Port Group Company, Ltd., Class A	13,700		10,945
Shanghai Lujiazui Finance & Trade Zone Development Company, Ltd., B Shares	39,240		44,037
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	31,100		56,327
Shanghai Pudong Development Bank Company, Ltd., Class A	47,200		78,361
Shanxi Xinghuacun Fen Wine Factory Company, Ltd., Class A	1,400		15,166
Shenwan Hongyuan Group Company, Ltd., Class A	20,100		13,482
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A	700		18,111
Shenzhen Overseas Chinese Town Company, Ltd., Class A	13,200		13,002
Shenzhou International Group Holdings, Ltd.	27,000		352,223
Shui On Land, Ltd.	73,000		14,532
Sihuan Pharmaceutical Holdings Group, Ltd.	175,000		26,556
SINA Corp. (A)	2,300		90,137
Sino-Ocean Group Holding, Ltd.	177,213		60,208
Sinopec Engineering Group Company, Ltd., H Shares	47,000		29,528
Sinopec Shanghai Petrochemical Company, Ltd., H Shares	119,901		34,857
Sinopharm Group Company, Ltd., H Shares	42,800		133,792
Sinotrans, Ltd., H Shares	73,000		22,882
Sinotruk Hong Kong, Ltd.	24,500		36,337
SOHO China, Ltd.	140,000		40,025
Sunac China Holdings, Ltd.	85,000		341,673
Suning.com Company, Ltd., Class A	10,000		14,520
Sunny Optical Technology Group Company, Ltd.	25,400		372,843
TAL Education Group, ADR (A)	12,700		434,848
Tencent Holdings, Ltd.	205,900		8,612,369
Tencent Music Entertainment Group, ADR (A)(B)	3,200		40,864

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
The People's Insurance Company Group of China, Ltd., H Shares	265,000	$	106,095
Tingyi Cayman Islands Holding Corp.	76,000		106,994
Tong Ren Tang Technologies Company, Ltd., H Shares	20,000		18,177
Tongwei Company, Ltd., Class A	6,200		11,062
TravelSky Technology, Ltd., H Shares	31,000		64,373
Tsingtao Brewery Company, Ltd., H Shares	12,000		72,401
Uni-President China Holdings, Ltd.	46,000		49,630
Vipshop Holdings, Ltd., ADR (A)	15,300		136,476
Wanhua Chemical Group Company, Ltd., Class A	5,100		31,602
Want Want China Holdings, Ltd.	243,000		194,044
Weibo Corp., ADR (A)	1,890		84,578
Weichai Power Company, Ltd., Class A	9,600		15,113
Weichai Power Company, Ltd., H Shares	78,720		113,563
Wens Foodstuffs Group Company, Ltd., Class A	8,500		44,295
Wuliangye Yibin Company, Ltd., Class A	6,200		112,845
WuXi AppTec Company, Ltd., Class A	2,400		29,154
WuXi AppTec Company, Ltd., H Shares (C)	3,080		33,642
Wuxi Biologics Cayman, Inc. (A)(B)(C)	19,000		193,741
Xiaomi Corp., Class B (A)(C)	279,200		313,415
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares	22,200		26,287
Xinyi Solar Holdings, Ltd.	62,000		37,249
Yangzijiang Shipbuilding Holdings, Ltd.	99,600		69,252
Yanzhou Coal Mining Company, Ltd., H Shares	85,990		87,328
Yihai International Holding, Ltd. (A)	9,000		53,496
Yonghui Superstores Company, Ltd., Class A	10,200		12,711
Yonyou Network Technology Company, Ltd., Class A	4,000		17,337
Yum China Holdings, Inc.	13,700		622,391
Yunda Holding Company, Ltd., Class A	2,400		11,580
Yunnan Baiyao Group Company, Ltd., Class A	1,700		18,131
Yuzhou Properties Company, Ltd.	35,905		14,295
YY, Inc., ADR (A)	1,600		89,968
Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., Class A	1,000		14,285
Zhaojin Mining Industry Company, Ltd., H Shares	37,500		43,286
Zhejiang Dahua Technology Company, Ltd., Class A	4,800		11,630
Zhejiang Expressway Company, Ltd., H Shares	49,718		43,011
ZhongAn Online P&C Insurance Company, Ltd., H Shares (A)(C)	5,900		13,937
Zhongsheng Group Holdings, Ltd.	20,000		63,187
Zhuzhou CRRC Times Electric Company, Ltd., H Shares	18,000		74,497
Zijin Mining Group Company, Ltd., Class A	27,800		12,710
Zijin Mining Group Company, Ltd., H Shares	285,469		98,585
ZTE Corp., Class A (A)	3,700		16,588
ZTE Corp., H Shares (A)	25,887		68,647
ZTO Express Cayman, Inc., ADR	11,400		243,162
			52,455,632
Colombia - 0.1%
Bancolombia SA, ADR	15,325		757,821

 

101

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Colombia (continued)
Ecopetrol SA, ADR	8,500	$	144,755
			902,576
Czech Republic - 0.0%
CEZ AS	6,817		150,584
Komercni banka AS	3,440		116,296
Moneta Money Bank AS (C)	22,079		68,041
			334,921
Denmark - 1.2%
A.P. Moller - Maersk A/S, Series A	150		159,919
A.P. Moller - Maersk A/S, Series B	245		276,956
Carlsberg A/S, Class B	3,881		573,527
Chr. Hansen Holding A/S	3,392		287,349
Coloplast A/S, B Shares	4,165		501,116
Danske Bank A/S	26,359		366,716
Demant A/S (A)(B)	5,000		128,000
DSV A/S	7,800		741,390
Genmab A/S (A)	2,092		425,060
H Lundbeck A/S	2,300		76,251
ISS A/S	6,590		162,927
Novo Nordisk A/S, B Shares	63,265		3,269,294
Novozymes A/S, B Shares	8,505		357,730
Orsted A/S (C)	7,108		660,750
Pandora A/S	4,042		162,208
Tryg A/S	4,500		128,927
Vestas Wind Systems A/S	6,994		542,580
			8,820,700
Egypt - 0.0%
Commercial International Bank Egypt SAE	51,581		247,172
Finland - 0.8%
Elisa OYJ	6,060		312,420
Fortum OYJ	16,798		397,043
Kone OYJ, B Shares	11,934		679,171
Metso OYJ	4,686		174,869
Neste OYJ	13,164		435,528
Nokia OYJ	153,528		775,366
Nokia OYJ (Helsinki Stock Exchange) (B)	56,247		284,077
Nokian Renkaat OYJ	3,680		103,726
Nordea Bank ABP	1,569		11,115
Nordea Bank ABP (Stockholm Stock Exchange)	110,405		783,148
Orion OYJ, Class B	3,379		125,912
Sampo OYJ, A Shares	15,692		623,481
Stora Enso OYJ, R Shares	20,482		246,485
UPM-Kymmene OYJ (B)	19,972		589,748
Wartsila OYJ ABP	15,222		170,320
			5,712,409
France - 7.6%
Accor SA	7,381		307,667
Aeroports de Paris	1,190		211,667
Air Liquide SA	15,715		2,236,568
Airbus SE	21,299		2,765,227
Alstom SA	6,025		249,576
Amundi SA (C)	2,415		168,225
Arkema SA	2,540		236,796
Atos SE	3,698		260,301
AXA SA	71,240		1,819,034
BioMerieux	1,782		147,373
BNP Paribas SA	41,233		2,004,627
Bollore SA	32,373		134,056
Bouygues SA	8,158		326,703
Bureau Veritas SA	10,297		247,847

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Capgemini SE	6,002	$	706,745
Carrefour SA (B)	23,396		409,251
Casino Guichard Perrachon SA (B)	2,522		120,425
Cie de Saint-Gobain	18,327		718,288
Cie Generale des Etablissements Michelin SCA	6,369		709,146
CNP Assurances	6,491		125,437
Covivio	1,971		208,613
Credit Agricole SA	43,230		523,249
Danone SA	22,662		1,996,115
Dassault Aviation SA	98		138,619
Dassault Systemes SE	4,895		697,326
Edenred	9,377		449,814
Eiffage SA	3,075		318,771
Electricite de France SA	23,423		262,022
Engie SA	67,799		1,106,630
EssilorLuxottica SA	10,635		1,533,352
Eurazeo SE	2,101		156,250
Eutelsat Communications SA	7,578		140,966
Faurecia SE	2,970		140,796
Gecina SA	1,814		285,022
Getlink SE	18,405		276,366
Hermes International	1,182		816,385
ICADE	1,225		109,587
Iliad SA	1,034		97,114
Imerys SA	1,510		60,651
Ingenico Group SA	2,422		236,063
Ipsen SA	1,496		141,921
JCDecaux SA	2,889		78,178
Kering SA	2,789		1,421,237
Klepierre SA	8,046		273,247
Legrand SA	9,814		700,103
L'Oreal SA	9,234		2,582,471
LVMH Moet Hennessy Louis Vuitton SE	10,138		4,022,365
Natixis SA	35,715		147,974
Orange SA	73,783		1,154,852
Pernod Ricard SA	7,836		1,394,663
Peugeot SA	21,593		538,936
Publicis Groupe SA	8,370		411,849
Remy Cointreau SA	922		122,392
Renault SA	7,048		404,508
Safran SA	12,271		1,932,080
Sanofi	41,170		3,813,706
Sartorius Stedim Biotech	1,192		166,729
Schneider Electric SE	19,600		1,713,871
Schneider Electric SE (Euronext London Exchange)	623		54,488
SCOR SE	6,432		265,562
SEB SA (B)	927		140,693
Societe BIC SA	1,178		79,080
Societe Generale SA	27,442		751,697
Sodexo SA	3,211		360,446
Suez	15,173		238,469
Teleperformance	2,217		480,374
Thales SA	4,046		465,093
TOTAL SA	84,799		4,415,223
Ubisoft Entertainment SA (A)	3,042		219,300
Unibail-Rodamco-Westfield	3,595		524,079
Unibail-Rodamco-Westfield, CHESS Depositary Interest	27,093		194,836
Valeo SA	9,342		302,748
Veolia Environnement SA	20,459		518,262
Vinci SA	18,656		2,009,614
Vivendi SA	32,611		892,330
Wendel SA	1,176		162,055

 

102

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Worldline SA (A)(C)	2,944	$	185,463
			56,739,564
Germany - 5.3%
1&1 Drillisch AG (B)	1,851		57,699
adidas AG	6,525		2,031,042
Allianz SE	15,355		3,574,226
Axel Springer SE (A)	1,955		134,244
BASF SE (B)	33,222		2,322,826
Bayer AG	33,577		2,365,611
Bayerische Motoren Werke AG	11,858		835,118
Beiersdorf AG	3,796		447,569
Brenntag AG	5,855		283,170
Carl Zeiss Meditec AG, Bearer Shares	1,435		163,555
Commerzbank AG	37,723		218,375
Continental AG	4,026		516,565
Covestro AG (C)	5,968		295,310
Daimler AG	32,896		1,635,494
Delivery Hero SE (A)(B)(C)	3,273		145,307
Deutsche Bank AG (B)	73,967		552,696
Deutsche Boerse AG	7,052		1,099,827
Deutsche Lufthansa AG	9,032		143,385
Deutsche Post AG	35,784		1,192,514
Deutsche Telekom AG	120,571		2,022,345
Deutsche Wohnen SE	13,783		503,129
E.ON SE (B)	80,904		786,601
Evonik Industries AG	6,743		166,460
Fraport AG Frankfurt Airport Services Worldwide	1,636		138,660
Fresenius Medical Care AG & Company KGaA	7,874		529,137
Fresenius SE & Company KGaA	15,091		705,969
GEA Group AG	7,004		188,953
Hannover Rueck SE	2,322		392,441
HeidelbergCement AG	5,549		400,917
Henkel AG & Company KGaA	3,884		355,566
HOCHTIEF AG	894		101,881
HUGO BOSS AG	2,319		124,157
Infineon Technologies AG (B)	40,746		732,076
KION Group AG	2,424		127,476
Knorr-Bremse AG	1,725		162,171
LANXESS AG	3,216		196,420
Merck KGaA (B)	4,647		523,485
METRO AG	6,304		99,455
MTU Aero Engines AG	1,881		499,816
Muenchener Rueckversicherungs-Gesellschaft AG	5,410		1,397,397
Puma SE (B)	3,000		232,128
RWE AG	19,786		618,366
SAP SE	35,553		4,183,656
Siemens AG	27,664		2,961,307
Siemens Healthineers AG (C)	5,866		230,664
Symrise AG	4,676		454,550
Telefonica Deutschland Holding AG	32,281		89,990
thyssenkrupp AG (B)	16,095		222,718
TUI AG	18,061		209,759
Uniper SE	7,281		238,790
United Internet AG	4,503		160,463
Volkswagen AG	1,264		217,288
Vonovia SE	18,291		928,001
Wirecard AG	4,386		701,936
Zalando SE (A)(C)	4,151		189,532
			39,808,193
Greece - 0.1%
Alpha Bank AE (A)	53,207		99,435
Eurobank Ergasias SA (A)	92,602		89,662

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Greece (continued)
FF Group (A)(E)	1,869	$	3,056
Hellenic Telecommunications Organization SA	8,503		117,149
JUMBO SA	5,651		107,148
OPAP SA	8,571		88,170
			504,620
Hong Kong - 3.3%
AIA Group, Ltd.	432,600		4,079,872
Alibaba Health Information Technology, Ltd. (A)	122,000		106,528
Alibaba Pictures Group, Ltd. (A)	500,000		81,020
ASM Pacific Technology, Ltd.	10,700		130,555
Beijing Enterprises Holdings, Ltd.	19,786		91,041
Beijing Enterprises Water Group, Ltd. (A)	198,000		101,311
BOC Hong Kong Holdings, Ltd.	134,328		455,804
Brilliance China Automotive Holdings, Ltd.	108,000		116,021
China Agri-Industries Holdings, Ltd.	48,000		15,608
China Ding Yi Feng Holdings, Ltd. (E)	32,000		80,166
China Education Group Holdings, Ltd.	12,000		17,629
China Everbright International, Ltd.	117,851		90,650
China Everbright, Ltd.	32,216		37,700
China First Capital Group, Ltd. (A)	112,000		32,691
China Gas Holdings, Ltd.	74,000		285,862
China Jinmao Holdings Group, Ltd.	224,000		128,411
China Mengniu Dairy Company, Ltd. (A)	98,004		366,856
China Merchants Port Holdings Company, Ltd.	44,745		67,305
China Mobile, Ltd.	220,530		1,826,816
China Overseas Land & Investment, Ltd. (B)	142,882		449,535
China Power International Development, Ltd.	88,000		18,306
China Resources Beer Holdings Company, Ltd.	65,979		349,568
China Resources Cement Holdings, Ltd.	88,000		88,263
China Resources Gas Group, Ltd.	36,000		178,146
China Resources Land, Ltd.	110,964		464,787
China Resources Power Holdings Company, Ltd.	68,244		82,799
China State Construction International Holdings, Ltd.	71,250		66,955
China Taiping Insurance Holdings Company, Ltd.	60,500		135,031
China Traditional Chinese Medicine Holdings Company, Ltd.	80,000		36,704
China Unicom Hong Kong, Ltd.	215,982		228,655
CITIC, Ltd.	207,967		262,518
CK Asset Holdings, Ltd.	92,665		627,814
CK Hutchison Holdings, Ltd.	96,663		853,354
CK Infrastructure Holdings, Ltd.	24,772		166,592
CLP Holdings, Ltd.	59,900		629,602
COSCO SHIPPING Ports, Ltd.	97,757		78,067
Dairy Farm International Holdings, Ltd.	12,000		75,632
Far East Horizon, Ltd.	89,000		82,657
Galaxy Entertainment Group, Ltd.	86,000		533,176
Geely Automobile Holdings, Ltd. (B)	179,000		304,196
Guangdong Investment, Ltd.	99,220		194,186
Haier Electronics Group Company, Ltd.	45,000		117,173
Hang Lung Properties, Ltd.	74,326		168,682
Hang Seng Bank, Ltd.	27,819		599,432
Henderson Land Development Company, Ltd.	55,324		257,689

 

103

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
HK Electric Investments & HK Electric Investments, Ltd.	88,500	$	84,342
HKT Trust & HKT, Ltd.	145,233		230,386
Hong Kong & China Gas Company, Ltd.	359,122		699,975
Hong Kong Exchanges & Clearing, Ltd.	42,177		1,236,210
Hongkong Land Holdings, Ltd.	44,100		247,940
Hutchison China MediTech, Ltd., ADR (A)	1,900		33,896
Hysan Development Company, Ltd.	24,415		98,457
Jardine Matheson Holdings, Ltd.	8,000		428,138
Jardine Strategic Holdings, Ltd.	8,100		242,283
Kerry Properties, Ltd.	21,438		66,010
Kingboard Holdings, Ltd.	22,500		59,610
Kingboard Laminates Holdings, Ltd.	21,500		19,391
Kunlun Energy Company, Ltd.	118,000		101,678
Lee & Man Paper Manufacturing, Ltd.	56,000		30,288
Link REIT	77,244		852,068
Melco Resorts & Entertainment, Ltd., ADR	9,485		184,104
MTR Corp., Ltd.	52,105		292,213
New World Development Company, Ltd.	230,475		299,309
Nine Dragons Paper Holdings, Ltd.	81,000		68,216
NWS Holdings, Ltd.	58,117		90,016
PCCW, Ltd. (B)	181,876		102,104
Power Assets Holdings, Ltd.	49,082		329,480
Shanghai Industrial Holdings, Ltd.	33,930		63,215
Shanghai Industrial Urban Development Group, Ltd.	33,930		4,283
Shangri-La Asia, Ltd.	70,102		71,451
Shenzhen International Holdings, Ltd.	35,084		67,360
Shenzhen Investment, Ltd.	116,000		42,816
Shimao Property Holdings, Ltd.	64,000		186,910
Sino Biopharmaceutical, Ltd.	249,000		316,148
Sino Land Company, Ltd.	122,951		184,797
SJM Holdings, Ltd.	83,000		78,827
SSY Group, Ltd.	54,000		42,649
Sun Art Retail Group, Ltd.	86,000		87,229
Sun Hung Kai Properties, Ltd.	57,130		821,000
Swire Pacific, Ltd., Class A (B)	18,163		169,048
Swire Properties, Ltd.	43,628		136,922
Techtronic Industries Company, Ltd.	49,000		341,049
The Bank of East Asia, Ltd.	43,961		108,272
The Wharf Holdings, Ltd.	46,876		102,244
Towngas China Company, Ltd. (A)	20,000		15,001
Vitasoy International Holdings, Ltd.	26,000		105,390
WH Group, Ltd. (C)	327,303		293,119
Wharf Real Estate Investment Company, Ltd.	46,876		256,014
Wheelock & Company, Ltd.	29,000		165,218
Yue Yuen Industrial Holdings, Ltd.	31,567		86,244
Yuexiu Property Company, Ltd.	244,000		52,936
			24,755,621
Hungary - 0.1%
MOL Hungarian Oil & Gas PLC	12,392		116,561
OTP Bank Nyrt	9,034		376,315
Richter Gedeon NYRT	4,794		77,568
			570,444
India - 2.2%
Adani Ports & Special Economic Zone, Ltd.	28,084		164,624
Ambuja Cements, Ltd.	22,913		66,056
Ashok Leyland, Ltd.	52,290		50,238
Asian Paints, Ltd.	10,113		251,940
Aurobindo Pharma, Ltd.	9,153		76,032
Avenue Supermarts, Ltd. (A)(C)	4,471		118,341

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Axis Bank, Ltd.	65,325	$	631,985
Bajaj Auto, Ltd.	2,923		120,867
Bajaj Finance, Ltd.	5,420		310,102
Bajaj Finserv, Ltd.	1,261		151,379
Bharat Forge, Ltd.	9,316		58,756
Bharat Petroleum Corp., Ltd.	27,177		181,938
Bharti Airtel, Ltd.	73,383		386,867
Bharti Infratel, Ltd.	15,904		58,006
Bosch, Ltd.	253		50,030
Britannia Industries, Ltd.	2,012		83,843
Cipla, Ltd.	12,134		72,784
Coal India, Ltd.	24,417		68,934
Dabur India, Ltd.	17,709		111,396
Divi's Laboratories, Ltd.	2,856		67,220
Dr. Reddy's Laboratories, Ltd., ADR	6,754		255,909
Eicher Motors, Ltd.	425		106,386
GAIL India, Ltd., GDR	9,954		110,575
Glenmark Pharmaceuticals, Ltd.	4,541		20,793
Godrej Consumer Products, Ltd.	11,997		116,327
Grasim Industries, Ltd.	10,574		110,053
Havells India, Ltd.	11,177		113,495
HCL Technologies, Ltd.	18,977		288,891
Hero MotoCorp, Ltd.	1,675		63,640
Hindalco Industries, Ltd.	41,886		113,234
Hindustan Petroleum Corp., Ltd.	20,412		87,372
Hindustan Unilever, Ltd.	25,000		700,585
Housing Development Finance Corp., Ltd.	57,455		1,603,700
ICICI Bank, Ltd., ADR (B)	52,063		634,127
ICICI Lombard General Insurance Company, Ltd. (C)	4,861		82,674
Indiabulls Housing Finance, Ltd.	10,065		36,496
Indian Oil Corp., Ltd.	38,494		80,272
Infosys, Ltd., ADR (B)	120,208		1,366,765
ITC, Ltd.	113,026		413,574
JSW Steel, Ltd.	33,031		106,749
Larsen & Toubro, Ltd.	16,660		347,938
LIC Housing Finance, Ltd.	9,991		53,086
Lupin, Ltd.	7,740		78,179
Mahindra & Mahindra Financial Services, Ltd.	12,958		60,019
Mahindra & Mahindra, Ltd., GDR	23,120		179,418
Marico, Ltd.	14,917		82,955
Maruti Suzuki India, Ltd.	3,626		342,992
Motherson Sumi Systems, Ltd.	37,306		55,406
Nestle India, Ltd.	776		152,806
NTPC, Ltd.	66,405		110,296
Oil & Natural Gas Corp., Ltd.	90,136		167,713
Page Industries, Ltd.	194		62,045
Petronet LNG, Ltd.	21,320		78,273
Pidilite Industries, Ltd.	4,359		88,732
Piramal Enterprises, Ltd.	2,660		61,231
Power Grid Corp. of India, Ltd.	55,842		157,244
REC, Ltd.	22,831		39,676
Reliance Capital, Ltd., GDR (A)(C)	4,327		1,502
Reliance Industries, Ltd.	10,985		207,011
Reliance Industries, Ltd., GDR (C)	45,832		1,707,657
Shree Cement, Ltd.	276		73,703
Shriram Transport Finance Company, Ltd.	4,949		74,915
State Bank of India, GDR (A)	5,224		200,681
Sun Pharmaceutical Industries, Ltd.	29,344		161,931
Tata Consultancy Services, Ltd.	33,074		978,845
Tata Motors, Ltd., ADR (A)(B)	16,666		139,828
Tata Steel, Ltd., GDR	11,000		54,795

 

104

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Tech Mahindra, Ltd.	18,378	$	185,796
The Tata Power Company, Ltd.	38,886		34,237
Titan Company, Ltd.	10,263		184,706
UltraTech Cement, Ltd.	2,054		126,010
UltraTech Cement, Ltd., GDR (B)	1,026		62,850
United Spirits, Ltd. (A)	10,125		95,245
UPL, Ltd.	15,099		128,170
Vedanta, Ltd., ADR	13,934		120,947
Vodafone Idea, Ltd. (A)	139,098		12,478
Wipro, Ltd., ADR	87,330		318,755
Yes Bank, Ltd.	54,720		32,297
Zee Entertainment Enterprises, Ltd.	20,071		74,956
			16,588,279
Indonesia - 0.5%
Adaro Energy Tbk PT	315,000		28,638
Astra International Tbk PT	679,000		315,694
Bank Central Asia Tbk PT	360,900		771,593
Bank Mandiri Persero Tbk PT	715,674		352,009
Bank Negara Indonesia Persero Tbk PT	276,500		143,087
Bank Rakyat Indonesia Persero Tbk PT	1,930,000		560,404
Bumi Serpong Damai Tbk PT (A)	429,500		42,065
Charoen Pokphand Indonesia Tbk PT	276,000		104,029
Gudang Garam Tbk PT	26,000		95,929
Hanjaya Mandala Sampoerna Tbk PT	362,500		58,460
Indah Kiat Pulp & Paper Corp. Tbk PT	97,300		44,404
Indocement Tunggal Prakarsa Tbk PT	53,500		70,505
Indofood CBP Sukses Makmur Tbk PT	114,400		96,943
Indofood Sukses Makmur Tbk PT	147,500		79,979
Jasa Marga Persero Tbk PT	123,300		49,524
Kalbe Farma Tbk PT	855,000		100,778
Pakuwon Jati Tbk PT	1,217,900		57,053
Perusahaan Gas Negara Tbk PT	480,500		71,093
Semen Indonesia Persero Tbk PT	111,000		90,245
Surya Citra Media Tbk PT	339,000		27,706
Telekomunikasi Indonesia Persero Tbk PT	1,932,500		583,598
Telekomunikasi Indonesia Persero Tbk PT, ADR	358		10,779
Unilever Indonesia Tbk PT	66,500		217,756
United Tractors Tbk PT	55,279		80,126
			4,052,397
Ireland - 0.6%
AerCap Holdings NV (A)	5,178		283,496
AIB Group PLC	28,431		84,340
Bank of Ireland Group PLC	28,441		112,969
CRH PLC	30,535		1,048,093
DCC PLC	3,819		333,070
Experian PLC	33,825		1,081,688
Flutter Entertainment PLC	2,701		252,381
Irish Bank Resolution Corp., Ltd. (A)(E)	38,483		0
James Hardie Industries PLC, CHESS Depositary Interest	15,679		263,372
Kerry Group PLC (London Stock Exchange), Class A	5,738		670,604
Kingspan Group PLC	5,492		268,308
Smurfit Kappa Group PLC	8,017		239,507
			4,637,828
Isle of Man - 0.0%
GVC Holdings PLC	22,751		207,816
Israel - 0.4%
Azrieli Group, Ltd.	1,424		112,216
Bank Hapoalim BM (A)	35,772		281,860
Bank Leumi Le-Israel BM	54,437		387,582

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Check Point Software Technologies, Ltd. (A)	4,816	$	527,352
CyberArk Software, Ltd. (A)	1,300		129,766
Elbit Systems, Ltd.	787		130,658
Israel Chemicals, Ltd.	16,931		84,704
Israel Discount Bank, Ltd., Class A	41,515		182,466
Mizrahi Tefahot Bank, Ltd.	5,543		137,735
Nice, Ltd. (A)	1,954		281,628
Teva Pharmaceutical Industries, Ltd. (A)(B)	33,126		229,117
Wix.com, Ltd. (A)	1,600		186,784
			2,671,868
Italy - 1.4%
Assicurazioni Generali SpA	44,210		856,779
Atlantia SpA	17,752		429,028
Davide Campari-Milano SpA	20,278		183,171
Enel SpA	289,660		2,163,564
Eni SpA	90,809		1,387,999
Ferrari NV	4,346		670,647
FinecoBank Banca Fineco SpA (B)	18,459		195,298
Intesa Sanpaolo SpA	533,162		1,262,969
Leonardo SpA	15,427		181,345
Mediobanca Banca di Credito Finanziario SpA	22,013		240,290
Moncler SpA	6,366		226,907
Pirelli & C. SpA (C)	14,232		84,281
Poste Italiane SpA (C)	17,531		199,277
Prysmian SpA (B)	8,366		179,640
Recordati SpA	3,480		149,254
Snam SpA	82,228		415,354
Telecom Italia SpA (A)	424,333		242,290
Telecom Italia SpA	233,394		127,667
Terna Rete Elettrica Nazionale SpA	57,188		367,303
UniCredit SpA	71,728		845,461
			10,408,524
Japan - 16.6%
ABC-Mart, Inc.	1,400		88,995
Acom Company, Ltd.	18,200		71,721
Advantest Corp.	7,100		316,504
Aeon Company, Ltd.	22,200		407,875
AEON Financial Service Company, Ltd.	4,800		72,575
Aeon Mall Company, Ltd.	3,300		52,210
AGC, Inc.	6,500		202,555
Air Water, Inc.	5,000		89,907
Aisin Seiki Company, Ltd.	6,200		196,022
Ajinomoto Company, Inc.	16,300		308,520
Alfresa Holdings Corp.	7,700		172,528
Alps Alpine Company, Ltd.	7,400		138,954
Amada Holdings Company, Ltd.	12,000		130,038
ANA Holdings, Inc. (B)	4,100		138,127
Aozora Bank, Ltd.	3,900		97,736
Asahi Group Holdings, Ltd.	13,700		680,385
Asahi Intecc Company, Ltd.	7,000		184,685
Asahi Kasei Corp.	46,400		460,290
Astellas Pharma, Inc.	69,900		999,861
Bandai Namco Holdings, Inc.	7,499		467,620
Benesse Holdings, Inc.	2,400		62,520
Bridgestone Corp.	22,700		883,392
Brother Industries, Ltd.	8,700		158,529
Calbee, Inc.	3,800		118,534
Canon, Inc.	37,100		992,135
Casio Computer Company, Ltd. (B)	6,700		104,268
Central Japan Railway Company	5,200		1,072,290
Chubu Electric Power Company, Inc.	21,700		314,772
Chugai Pharmaceutical Company, Ltd.	8,200		640,807

 

105

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Coca-Cola Bottlers Japan Holdings, Inc. (B)	4,700	$	105,685
Concordia Financial Group, Ltd.	39,100		150,682
Credit Saison Company, Ltd.	5,000		67,423
CyberAgent, Inc. (B)	3,600		138,770
Dai Nippon Printing Company, Ltd.	9,800		254,222
Daicel Corp.	10,034		85,364
Daifuku Company, Ltd.	4,000		208,104
Dai-ichi Life Holdings, Inc.	39,400		598,994
Daiichi Sankyo Company, Ltd.	21,100		1,333,296
Daikin Industries, Ltd.	9,000		1,187,002
Daito Trust Construction Company, Ltd.	2,800		358,620
Daiwa House Industry Company, Ltd.	20,200		656,595
Daiwa House REIT Investment Corp.	78		219,444
Daiwa Securities Group, Inc.	59,900		268,067
Denso Corp.	15,600		689,324
Dentsu, Inc.	8,400		297,025
Disco Corp.	1,000		191,167
East Japan Railway Company	11,000		1,051,847
Eisai Company, Ltd.	9,000		459,783
Electric Power Development Company, Ltd.	5,200		118,875
FamilyMart Company, Ltd.	8,800		215,013
FANUC Corp.	7,200		1,360,969
Fast Retailing Company, Ltd.	2,100		1,252,754
Fuji Electric Company, Ltd.	4,600		141,834
FUJIFILM Holdings Corp.	13,800		607,896
Fujitsu, Ltd.	7,500		602,777
Fukuoka Financial Group, Inc.	5,800		110,074
GMO Payment Gateway, Inc.	1,500		100,685
Hakuhodo DY Holdings, Inc.	9,300		135,135
Hamamatsu Photonics KK	5,400		201,465
Hankyu Hanshin Holdings, Inc.	8,400		324,832
Hikari Tsushin, Inc.	800		173,555
Hino Motors, Ltd.	10,000		82,871
Hirose Electric Company, Ltd.	1,223		150,668
Hisamitsu Pharmaceutical Company, Inc.	2,000		88,041
Hitachi Chemical Company, Ltd.	3,700		121,371
Hitachi Construction Machinery Company, Ltd.	4,100		99,589
Hitachi High-Technologies Corp.	2,800		162,765
Hitachi Metals, Ltd.	9,000		97,740
Hitachi, Ltd.	35,800		1,340,718
Honda Motor Company, Ltd.	60,000		1,571,067
Hoshizaki Corp.	1,900		149,770
Hoya Corp.	13,700		1,122,070
Hulic Company, Ltd.	10,700		109,853
Idemitsu Kosan Company, Ltd.	7,206		204,451
IHI Corp.	5,700		124,863
Iida Group Holdings Company, Ltd.	5,000		81,637
Inpex Corp.	36,700		338,219
Isetan Mitsukoshi Holdings, Ltd. (B)	12,219		97,853
Isuzu Motors, Ltd.	21,600		239,272
ITOCHU Corp.	50,200		1,039,824
Itochu Techno-Solutions Corp.	3,400		90,311
J Front Retailing Company, Ltd.	9,000		105,739
Japan Airlines Company, Ltd.	4,000		118,798
Japan Airport Terminal Company, Ltd.	1,500		65,296
Japan Exchange Group, Inc.	19,900		314,469
Japan Post Bank Company, Ltd. (B)	14,000		135,983
Japan Post Holdings Company, Ltd.	56,400		520,436
Japan Prime Realty Investment Corp.	28		132,880
Japan Real Estate Investment Corp.	47		315,196
Japan Retail Fund Investment Corp.	93		196,788
Japan Tobacco, Inc.	39,800		872,004

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
JFE Holdings, Inc. (B)	18,300	$	221,656
JGC Corp.	7,000		92,381
JSR Corp.	6,500		104,655
JTEKT Corp.	7,300		84,308
JXTG Holdings, Inc.	116,611		533,023
Kajima Corp.	16,500		217,377
Kakaku.com, Inc.	5,000		123,517
Kamigumi Company, Ltd.	4,500		102,222
Kaneka Corp.	2,165		67,848
Kansai Paint Company, Ltd.	7,000		163,623
Kao Corp.	18,000		1,335,185
Kawasaki Heavy Industries, Ltd.	5,000		111,483
KDDI Corp.	65,400		1,706,466
Keihan Holdings Company, Ltd.	3,400		151,498
Keikyu Corp. (B)	8,900		173,215
Keio Corp.	4,100		256,010
Keisei Electric Railway Company, Ltd.	4,800		198,159
Keyence Corp.	3,298		2,052,860
Kikkoman Corp.	5,200		249,468
Kintetsu Group Holdings Company, Ltd.	6,200		323,629
Kirin Holdings Company, Ltd.	30,900		657,547
Kobayashi Pharmaceutical Company, Ltd.	1,800		137,467
Kobe Steel, Ltd.	10,500		56,395
Koito Manufacturing Company, Ltd.	4,000		196,896
Komatsu, Ltd.	33,200		765,585
Konami Holdings Corp.	3,700		179,241
Konica Minolta, Inc.	18,700		130,835
Kose Corp.	1,100		186,768
Kubota Corp.	35,200		535,346
Kuraray Company, Ltd.	13,300		164,319
Kurita Water Industries, Ltd.	3,500		94,226
Kyocera Corp.	11,500		717,032
Kyowa Kirin Company, Ltd. (B)	9,473		184,480
Kyushu Electric Power Company, Inc.	16,000		151,207
Kyushu Railway Company	5,700		181,943
Lawson, Inc.	1,900		97,291
LINE Corp. (A)	2,600		93,302
Lion Corp.	8,000		158,260
LIXIL Group Corp.	10,300		181,972
M3, Inc.	14,800		358,158
Makita Corp.	8,700		276,082
Marubeni Corp.	57,400		382,799
Marui Group Company, Ltd. (B)	7,600		161,024
Maruichi Steel Tube, Ltd.	2,300		61,087
Mazda Motor Corp.	20,300		181,955
McDonald's Holdings Company Japan, Ltd.	2,600		125,937
Mebuki Financial Group, Inc.	29,510		72,976
Medipal Holdings Corp.	6,090		135,942
MEIJI Holdings Company, Ltd.	4,500		329,163
MINEBEA MITSUMI, Inc.	13,900		221,894
MISUMI Group, Inc.	10,700		253,466
Mitsubishi Chemical Holdings Corp.	45,700		327,550
Mitsubishi Corp.	49,900		1,228,683
Mitsubishi Electric Corp.	67,900		905,797
Mitsubishi Estate Company, Ltd.	44,300		856,608
Mitsubishi Gas Chemical Company, Inc.	5,814		78,198
Mitsubishi Heavy Industries, Ltd.	10,800		424,531
Mitsubishi Materials Corp.	3,900		105,723
Mitsubishi Motors Corp.	24,700		107,761
Mitsubishi Tanabe Pharma Corp.	8,800		96,979
Mitsubishi UFJ Financial Group, Inc.	431,000		2,195,024
Mitsubishi UFJ Lease & Finance Company, Ltd.	17,600		102,087

 

106

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Mitsui & Company, Ltd.	61,500	$	1,010,225
Mitsui Chemicals, Inc.	6,800		153,199
Mitsui Fudosan Company, Ltd.	32,300		803,854
Mitsui OSK Lines, Ltd.	4,700		119,489
Mizuho Financial Group, Inc.	890,000		1,367,711
MonotaRO Company, Ltd.	4,500		118,702
MS&AD Insurance Group Holdings, Inc.	17,100		555,821
Murata Manufacturing Company, Ltd.	20,000		969,351
Nabtesco Corp.	3,900		122,082
Nagoya Railroad Company, Ltd.	7,500		224,703
NEC Corp.	9,500		401,722
Nexon Company, Ltd. (A)	16,000		194,403
NGK Insulators, Ltd.	9,000		128,756
NGK Spark Plug Company, Ltd.	6,300		120,877
NH Foods, Ltd.	3,119		125,582
Nidec Corp.	8,300		1,123,998
Nikon Corp.	12,400		155,562
Nintendo Company, Ltd.	4,100		1,527,235
Nippon Building Fund, Inc.	48		368,791
Nippon Electric Glass Company, Ltd.	2,800		62,607
Nippon Express Company, Ltd.	2,900		148,529
Nippon Paint Holdings Company, Ltd.	5,200		271,973
Nippon Prologis REIT, Inc.	60		164,526
Nippon Steel Corp.	30,600		428,778
Nippon Telegraph & Telephone Corp.	23,900		1,143,465
Nippon Yusen KK	5,500		92,394
Nissan Chemical Corp.	4,600		192,606
Nissan Motor Company, Ltd.	83,900		523,818
Nisshin Seifun Group, Inc.	7,400		137,219
Nissin Foods Holdings Company, Ltd.	2,200		159,436
Nitori Holdings Company, Ltd.	2,900		425,574
Nitto Denko Corp. (B)	6,400		310,113
Nomura Holdings, Inc.	123,700		525,829
Nomura Real Estate Holdings, Inc.	4,500		97,549
Nomura Real Estate Master Fund, Inc.	151		272,734
Nomura Research Institute, Ltd.	12,246		244,699
NSK, Ltd.	13,215		111,998
NTT Data Corp.	22,500		292,017
NTT DOCOMO, Inc.	49,500		1,263,964
Obayashi Corp.	25,900		259,024
Obic Company, Ltd.	2,600		297,938
Odakyu Electric Railway Company, Ltd.	10,900		261,821
Oji Holdings Corp.	30,000		140,849
Olympus Corp.	44,400		601,526
Omron Corp.	7,100		391,246
Ono Pharmaceutical Company, Ltd.	15,100		275,001
Oracle Corp. Japan	1,500		130,764
Oriental Land Company, Ltd.	7,500		1,143,116
ORIX Corp.	47,800		715,040
Osaka Gas Company, Ltd.	13,800		265,050
Otsuka Corp.	3,800		152,082
Otsuka Holdings Company, Ltd.	13,900		522,154
Pan Pacific International Holdings Corp.	18,000		301,363
Panasonic Corp.	79,100		644,640
Park24 Company, Ltd.	4,100		95,247
PeptiDream, Inc. (A)	3,300		157,737
Persol Holdings Company, Ltd.	6,200		117,843
Pigeon Corp.	4,100		169,768
Pola Orbis Holdings, Inc.	3,200		72,139
Rakuten, Inc.	32,500		322,159
Recruit Holdings Company, Ltd.	42,500		1,298,524
Renesas Electronics Corp. (A)	29,900		195,941
Resona Holdings, Inc.	78,000		335,645
Ricoh Company, Ltd. (B)	24,000		217,135
Rinnai Corp.	1,200		80,859

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Rohm Company, Ltd.	3,400	$	262,147
Ryohin Keikaku Company, Ltd.	9,000		168,720
Sankyo Company, Ltd.	1,900		65,382
Santen Pharmaceutical Company, Ltd.	14,000		244,658
SBI Holdings, Inc.	9,613		206,829
Secom Company, Ltd.	7,900		722,897
Sega Sammy Holdings, Inc.	6,900		96,794
Seibu Holdings, Inc.	9,500		165,834
Seiko Epson Corp. (B)	11,600		164,772
Sekisui Chemical Company, Ltd.	13,400		208,532
Sekisui House, Ltd.	22,200		438,054
Seven & i Holdings Company, Ltd.	28,000		1,073,108
Seven Bank, Ltd.	20,400		56,043
SG Holdings Company, Ltd.	3,500		85,771
Sharp Corp.	9,700		108,321
Shimadzu Corp.	8,000		203,417
Shimamura Company, Ltd.	700		55,613
Shimano, Inc.	2,800		423,091
Shimizu Corp.	20,000		181,678
Shin-Etsu Chemical Company, Ltd.	13,100		1,409,697
Shinsei Bank, Ltd.	5,600		81,884
Shionogi & Company, Ltd.	10,400		579,832
Shiseido Company, Ltd.	14,100		1,131,654
Showa Denko KK	4,800		126,666
SMC Corp.	2,100		902,639
Softbank Corp. (B)	62,700		849,565
SoftBank Group Corp.	60,400		2,383,410
Sohgo Security Services Company, Ltd.	2,900		152,526
Sompo Holdings, Inc. (B)	11,300		474,565
Sony Corp.	46,600		2,754,441
Sony Financial Holdings, Inc.	7,400		161,128
Stanley Electric Company, Ltd.	5,300		141,168
Subaru Corp.	22,300		630,646
SUMCO Corp.	8,200		111,706
Sumitomo Chemical Company, Ltd.	56,000		252,827
Sumitomo Corp.	40,200		629,350
Sumitomo Dainippon Pharma Company, Ltd.	5,300		87,691
Sumitomo Electric Industries, Ltd.	29,000		370,081
Sumitomo Heavy Industries, Ltd.	4,002		119,252
Sumitomo Metal Mining Company, Ltd.	8,500		265,465
Sumitomo Mitsui Financial Group, Inc.	48,000		1,649,382
Sumitomo Mitsui Trust Holdings, Inc.	12,700		459,891
Sumitomo Realty & Development Company, Ltd.	13,000		496,289
Sumitomo Rubber Industries, Ltd.	7,100		84,547
Sundrug Company, Ltd.	2,400		75,728
Suntory Beverage & Food, Ltd.	5,000		214,059
Suzuken Company, Ltd.	2,640		142,110
Suzuki Motor Corp.	12,600		536,752
Sysmex Corp.	6,000		403,094
T&D Holdings, Inc.	19,900		212,646
Taiheiyo Cement Corp.	4,200		112,860
Taisei Corp.	8,300		323,011
Taisho Pharmaceutical Holdings Company, Ltd.	1,200		87,744
Taiyo Nippon Sanso Corp.	4,600		93,495
Takeda Pharmaceutical Company, Ltd.	54,476		1,869,381
TDK Corp.	4,700		424,866
Teijin, Ltd.	6,400		123,533
Terumo Corp.	21,800		705,409
The Bank of Kyoto, Ltd.	1,900		74,744
The Chiba Bank, Ltd.	21,600		111,718
The Chugoku Electric Power Company, Inc. (B)	10,000		128,689

 

107

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
The Kansai Electric Power Company, Inc.	27,200	$	304,648
The Shizuoka Bank, Ltd.	17,000		127,396
The Yokohama Rubber Company, Ltd.	5,000		100,484
THK Company, Ltd.	5,200		137,765
Tobu Railway Company, Ltd.	7,800		253,397
Toho Company, Ltd.	4,067		178,520
Toho Gas Company, Ltd.	2,800		107,386
Tohoku Electric Power Company, Inc.	16,600		162,253
Tokio Marine Holdings, Inc.	24,000		1,287,532
Tokyo Century Corp.	1,500		69,758
Tokyo Electric Power Company Holdings, Inc. (A)	51,500		252,585
Tokyo Electron, Ltd.	5,800		1,114,318
Tokyo Gas Company, Ltd.	13,900		351,572
Tokyu Corp.	17,900		336,724
Tokyu Fudosan Holdings Corp.	26,400		168,964
Toppan Printing Company, Ltd.	10,300		182,924
Toray Industries, Inc.	49,500		368,649
Toshiba Corp.	19,900		608,710
Tosoh Corp.	9,300		123,893
TOTO, Ltd.	5,400		203,366
Toyo Seikan Group Holdings, Ltd.	5,500		85,826
Toyo Suisan Kaisha, Ltd.	3,600		144,564
Toyoda Gosei Company, Ltd.	2,466		49,644
Toyota Industries Corp.	5,200		300,243
Toyota Motor Corp.	81,480		5,472,217
Toyota Tsusho Corp.	7,900		256,416
Trend Micro, Inc.	4,300		205,490
Tsuruha Holdings, Inc.	1,300		141,965
Unicharm Corp.	14,600		464,047
United Urban Investment Corp.	114		218,396
USS Company, Ltd.	7,770		151,317
Welcia Holdings Company, Ltd.	1,700		85,916
West Japan Railway Company	5,900		499,206
Yahoo Japan Corp.	102,600		289,064
Yakult Honsha Company, Ltd.	4,743		266,262
Yamada Denki Company, Ltd.	22,400		108,536
Yamaha Corp.	4,900		220,917
Yamaha Motor Company, Ltd.	10,100		184,124
Yamato Holdings Company, Ltd.	11,000		166,190
Yamazaki Baking Company, Ltd.	4,000		71,547
Yaskawa Electric Corp.	9,000		334,055
Yokogawa Electric Corp.	9,386		172,474
ZOZO, Inc. (B)	7,300		169,098
			124,512,956
Luxembourg - 0.2%
ArcelorMittal	24,275		341,510
Aroundtown SA	28,574		233,719
Eurofins Scientific SE (B)	430		199,967
Millicom International Cellular SA	2,582		125,297
Reinet Investments SCA	5,229		94,723
RTL Group SA	1,422		68,372
SES SA	14,498		264,262
Tenaris SA	16,418		174,137
			1,501,987
Macau - 0.1%
MGM China Holdings, Ltd.	35,912		55,915
Sands China, Ltd.	89,600		404,874
Wynn Macau, Ltd.	61,415		119,678
			580,467
Malaysia - 0.5%
AirAsia Group BHD	21,700		9,118
Alliance Bank Malaysia BHD	53,600		36,487

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
AMMB Holdings BHD	59,087	$	58,402
Axiata Group BHD	100,407		103,121
British American Tobacco Malaysia BHD	4,300		19,442
CIMB Group Holdings BHD	182,907		219,754
Dialog Group BHD	166,000		134,719
DiGi.Com BHD	110,800		125,665
Gamuda BHD	72,333		63,910
Genting BHD	72,900		99,984
Genting Malaysia BHD	105,700		76,585
Genting Plantations BHD	15,000		35,445
HAP Seng Consolidated BHD	30,200		71,097
Hartalega Holdings BHD	60,200		75,458
Hong Leong Bank BHD	23,269		90,914
Hong Leong Financial Group BHD	6,104		23,693
IHH Healthcare BHD	108,100		146,603
IJM Corp. BHD	87,420		45,712
IOI Corp. BHD	114,466		121,090
Kuala Lumpur Kepong BHD	17,150		94,550
Malayan Banking BHD	162,285		329,719
Malaysia Airports Holdings BHD	34,427		71,119
Maxis BHD	67,200		89,860
MISC BHD	26,280		49,036
Nestle Malaysia BHD	2,800		97,387
Petronas Chemicals Group BHD	99,800		179,574
Petronas Dagangan BHD	12,200		68,764
Petronas Gas BHD	21,200		82,920
PPB Group BHD	21,240		91,954
Press Metal Aluminium Holdings BHD	60,400		68,623
Public Bank BHD	97,378		466,845
RHB Bank BHD	29,167		39,295
Sime Darby BHD	108,224		58,150
Sime Darby Plantation BHD	108,224		122,158
Sime Darby Property BHD	108,224		21,700
Telekom Malaysia BHD	42,705		36,734
Tenaga Nasional BHD	124,350		405,147
YTL Corp. BHD	156,867		34,482
			3,965,216
Mexico - 0.7%
Alfa SAB de CV, Class A	108,680		95,826
Alsea SAB de CV (A)	18,000		41,958
America Movil SAB de CV, Series L	1,206,532		896,309
Arca Continental SAB de CV (B)	16,000		86,746
Cemex SAB de CV	521,849		203,091
Coca-Cola Femsa SAB de CV	19,312		117,473
El Puerto de Liverpool SAB de CV, Series C1	7,600		41,632
Fibra Uno Administracion SA de CV	120,700		176,824
Fomento Economico Mexicano SAB de CV	69,720		638,906
Fresnillo PLC	10,264		86,348
Gruma SAB de CV, Class B	7,685		78,669
Grupo Aeroportuario del Pacifico SAB de CV, B Shares	14,000		135,119
Grupo Aeroportuario del Sureste SAB de CV, B Shares (B)	8,020		122,279
Grupo Bimbo SAB de CV, Series A	58,984		107,602
Grupo Carso SAB de CV, Series A1 (B)	17,777		52,158
Grupo Financiero Banorte SAB de CV, Series O	92,962		501,036
Grupo Financiero Inbursa SAB de CV, Series O	86,738		110,543
Grupo Mexico SAB de CV, Series B	136,866		320,908
Grupo Televisa SAB	87,126		170,729
Industrias Penoles SAB de CV	4,883		65,077

 

108

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Infraestructura Energetica Nova SAB de CV (A)	18,000	$	71,630
Kimberly-Clark de Mexico SAB de CV, Class A (A)	56,178		112,903
Orbia Advance Corp. SAB de CV (B)	37,631		73,759
Promotora y Operadora de Infraestructura SAB de CV	9,800		87,636
Wal-Mart de Mexico SAB de CV (B)	186,488		552,736
			4,947,897
Netherlands - 3.3%
ABN AMRO Bank NV (C)	15,368		270,730
Adyen NV (A)(C)	371		243,980
Aegon NV (B)	74,593		309,795
Akzo Nobel NV	8,226		732,961
ASML Holding NV	15,249		3,781,970
EXOR NV	3,992		267,358
Heineken Holding NV	4,217		419,550
Heineken NV	9,190		992,635
ING Groep NV	139,163		1,453,803
Koninklijke Ahold Delhaize NV	42,324		1,058,427
Koninklijke DSM NV	6,727		809,812
Koninklijke KPN NV	122,257		381,008
Koninklijke Philips NV	34,753		1,605,910
Koninklijke Vopak NV (B)	2,830		145,460
NN Group NV	12,327		436,853
NXP Semiconductors NV	10,569		1,153,289
Prosus NV (A)	15,717		1,153,760
QIAGEN NV (A)	8,350		273,452
Randstad NV (B)	4,395		215,778
Royal Dutch Shell PLC, A Shares	155,153		4,550,297
Royal Dutch Shell PLC, B Shares	133,410		3,942,972
Wolters Kluwer NV	10,629		775,548
			24,975,348
New Zealand - 0.1%
a2 Milk Company, Ltd. (A)	26,028		216,258
Auckland International Airport, Ltd.	36,061		206,772
Fisher & Paykel Healthcare Corp., Ltd.	19,921		216,145
Fletcher Building, Ltd. (B)	29,269		94,396
Meridian Energy, Ltd.	43,320		141,088
Ryman Healthcare, Ltd.	12,940		107,547
Spark New Zealand, Ltd.	63,312		174,873
			1,157,079
Norway - 0.4%
Adevinta ASA, Series B (A)	3,512		40,721
Aker BP ASA	3,844		102,426
DNB ASA	35,015		617,244
Equinor ASA	35,722		676,653
Gjensidige Forsikring ASA	6,934		137,518
Mowi ASA	14,928		344,795
Norsk Hydro ASA	48,185		169,668
Orkla ASA	29,206		265,755
Schibsted ASA, B Shares (B)	3,512		98,490
Telenor ASA	26,898		539,679
Yara International ASA	6,981		300,985
			3,293,934
Peru - 0.1%
Cia de Minas Buenaventura SAA, ADR	8,064		122,412
Credicorp, Ltd.	2,434		507,343
Southern Copper Corp.	2,874		98,090
			727,845
Philippines - 0.3%
Aboitiz Equity Ventures, Inc.	85,070		87,073
Aboitiz Power Corp.	72,200		53,387

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Philippines (continued)
Alliance Global Group, Inc.	147,100	$	30,927
Ayala Corp.	8,920		152,328
Ayala Land, Inc.	253,800		242,227
Bank of the Philippine Islands	34,118		61,232
BDO Unibank, Inc.	77,140		212,823
Globe Telecom, Inc.	970		34,247
GT Capital Holdings, Inc.	3,464		56,295
JG Summit Holdings, Inc.	85,100		119,019
Jollibee Foods Corp.	18,900		80,974
Manila Electric Company	8,090		57,715
Megaworld Corp.	564,000		47,567
Metro Pacific Investments Corp.	509,100		48,893
Metropolitan Bank & Trust Company	58,091		76,723
PLDT, Inc.	3,730		81,751
Security Bank Corp.	15,170		57,678
SM Investments Corp.	8,302		155,573
SM Prime Holdings, Inc.	311,044		223,281
Universal Robina Corp.	30,280		91,120
			1,970,833
Poland - 0.3%
Alior Bank SA (A)	4,231		40,977
Bank Millennium SA (A)	21,269		30,284
Bank Polska Kasa Opieki SA	5,522		140,963
CCC SA	1,215		41,945
CD Projekt SA	2,349		142,924
Cyfrowy Polsat SA	6,360		41,888
Dino Polska SA (A)(C)	1,719		67,319
Grupa Lotos SA	3,293		72,741
Jastrzebska Spolka Weglowa SA	1,853		10,074
KGHM Polska Miedz SA (A)	5,681		113,392
LPP SA	42		90,181
mBank SA (A)	525		45,503
Orange Polska SA (A)	26,179		36,071
PGE Polska Grupa Energetyczna SA (A)	26,654		53,124
Polski Koncern Naftowy ORLEN SA	11,432		281,410
Polskie Gornictwo Naftowe i Gazownictwo SA	62,946		73,764
Powszechna Kasa Oszczednosci Bank Polski SA	32,873		322,254
Powszechny Zaklad Ubezpieczen SA	23,000		214,549
Santander Bank Polska SA	1,219		95,295
			1,914,658
Portugal - 0.1%
EDP - Energias de Portugal SA	84,624		328,413
Galp Energia SGPS SA	18,673		280,827
Jeronimo Martins SGPS SA	7,332		123,644
			732,884
Romania - 0.0%
NEPI Rockcastle PLC	13,360		117,036
Russia - 1.0%
Evraz PLC	18,017		103,698
Gazprom PJSC, ADR	251,662		1,736,468
Gazprom PJSC, ADR (London Stock Exchange)	3,680		25,367
LUKOIL PJSC, ADR	23,756		1,965,334
MMC Norilsk Nickel PJSC, ADR	39,185		1,002,744
Mobile TeleSystems PJSC, ADR	20,264		164,138
Novatek PJSC, GDR	3,057		619,344
Rosneft Oil Company PJSC, GDR	9,131		58,503
Rosneft Oil Company PJSC, GDR (London Stock Exchange)	30,000		192,213
Sberbank of Russia PJSC, ADR	40,000		565,700
Sberbank of Russia PJSC, ADR (London Stock Exchange)	34,900		492,434

 

109

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Russia (continued)
Severstal PJSC, GDR	4,250	$	60,968
Surgutneftegas PJSC, ADR	22,274		126,516
Surgutneftegas PJSC, ADR (London Stock Exchange)	23,070		123,526
Tatneft PJSC, ADR	7,986		509,906
VTB Bank PJSC, GDR	50,760		65,689
			7,812,548
Singapore - 0.9%
Ascendas Real Estate Investment Trust	97,931		221,169
BOC Aviation, Ltd. (C)	7,400		68,295
CapitaLand Commercial Trust	82,786		124,045
CapitaLand Mall Trust	90,402		172,098
CapitaLand, Ltd.	89,999		230,053
City Developments, Ltd.	16,600		118,086
ComfortDelGro Corp., Ltd.	90,200		156,719
DBS Group Holdings, Ltd.	64,118		1,159,966
Genting Singapore, Ltd.	226,200		144,022
Golden Agri-Resources, Ltd.	284,496		46,306
Jardine Cycle & Carriage, Ltd.	4,152		90,176
Keppel Corp., Ltd.	55,069		236,493
Oversea-Chinese Banking Corp., Ltd.	117,944		927,204
SATS, Ltd.	29,800		104,494
Sembcorp Industries, Ltd.	38,019		57,245
Singapore Airlines, Ltd.	23,140		153,054
Singapore Exchange, Ltd.	28,000		171,781
Singapore Press Holdings, Ltd.	59,500		89,604
Singapore Technologies Engineering, Ltd.	54,000		150,105
Singapore Telecommunications, Ltd.	294,940		661,767
Suntec Real Estate Investment Trust	103,300		142,112
United Overseas Bank, Ltd.	47,508		882,937
UOL Group, Ltd.	20,239		109,907
Venture Corp., Ltd.	9,700		107,558
Wilmar International, Ltd.	72,000		194,327
			6,519,523
South Africa - 1.2%
Absa Group, Ltd.	25,092		253,427
Anglo American Platinum, Ltd.	2,632		158,692
AngloGold Ashanti, Ltd.	14,430		266,829
Aspen Pharmacare Holdings, Ltd.	14,246		80,973
Bid Corp., Ltd.	11,078		235,432
Capitec Bank Holdings, Ltd.	1,337		113,660
Clicks Group, Ltd.	9,143		129,855
Discovery, Ltd.	16,606		125,204
Exxaro Resources, Ltd.	8,997		77,598
FirstRand, Ltd. (B)	118,126		485,329
Fortress REIT, Ltd., Class A	32,243		43,919
Gold Fields, Ltd.	29,492		147,063
Growthpoint Properties, Ltd. (B)	106,448		162,497
Investec PLC	28,148		144,804
Investec, Ltd.	7,953		41,851
Kumba Iron Ore, Ltd.	2,928		72,345
Liberty Holdings, Ltd.	4,754		35,267
Life Healthcare Group Holdings, Ltd.	60,966		91,276
Momentum Metropolitan Holdings	19,936		24,525
Mr. Price Group, Ltd.	8,969		93,827
MTN Group, Ltd.	59,164		376,447
MultiChoice Group, Ltd. (A)	15,717		122,354
Naspers, Ltd., N Shares	15,717		2,379,699
Nedbank Group, Ltd.	13,031		195,259
Netcare, Ltd.	36,217		41,926
Old Mutual, Ltd. (London Stock Exchange) (B)	182,601		233,345
Pick n Pay Stores, Ltd.	13,126		51,554
PSG Group, Ltd.	4,220		58,841

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Africa (continued)
Rand Merchant Investment Holdings, Ltd.	32,688	$	64,572
Redefine Properties, Ltd.	221,491		114,517
Remgro, Ltd.	20,519		221,041
RMB Holdings, Ltd.	31,391		155,730
Sanlam, Ltd.	63,976		315,106
Sappi, Ltd.	26,810		66,412
Sasol, Ltd.	19,396		326,215
Shoprite Holdings, Ltd.	16,492		133,551
Standard Bank Group, Ltd.	46,838		540,378
Telkom SA SOC, Ltd.	13,339		62,183
The Bidvest Group, Ltd.	11,166		140,740
The Foschini Group, Ltd.	7,014		75,768
The SPAR Group, Ltd.	5,706		72,011
Tiger Brands, Ltd.	6,286		87,377
Truworths International, Ltd.	19,528		68,348
Vodacom Group, Ltd.	19,298		152,627
Woolworths Holdings, Ltd.	33,746		122,846
			8,963,220
South Korea - 2.9%
Amorepacific Corp.	1,183		138,804
AMOREPACIFIC Group	770		42,070
BGF Company, Ltd.	3,285		16,462
BGF retail Company, Ltd.	279		45,920
BNK Financial Group, Inc.	8,021		48,141
Celltrion Healthcare Company, Ltd. (A)	1,441		60,590
Celltrion Pharm, Inc. (A)	549		16,055
Celltrion, Inc. (A)	3,014		412,328
Cheil Worldwide, Inc.	3,910		81,029
CJ CheilJedang Corp.	326		63,836
CJ Corp.	456		31,234
CJ ENM Company, Ltd.	398		56,340
CJ Logistics Corp. (A)	392		47,297
Daelim Industrial Company, Ltd.	877		76,211
Daewoo Engineering & Construction Company, Ltd. (A)	2,130		8,598
DB Insurance Company, Ltd.	1,810		77,963
Doosan Bobcat, Inc.	1,853		54,789
E-MART, Inc.	817		77,014
Fila Korea, Ltd.	1,753		84,810
GS Engineering & Construction Corp.	1,468		40,447
GS Holdings Corp.	2,038		85,665
GS Retail Company, Ltd.	966		33,299
Hana Financial Group, Inc.	10,757		316,654
Hankook Tire & Technology Company, Ltd.	3,008		80,983
Hanmi Pharm Company, Ltd.	223		51,384
Hanmi Science Company, Ltd.	701		23,189
Hanon Systems	9,450		94,771
Hanwha Chemical Corp.	4,418		66,273
Hanwha Corp.	2,040		43,012
Hanwha Life Insurance Company, Ltd.	8,120		16,152
HDC Hyundai Development Co-Engineering & Construction, Series E	1,376		37,768
Helixmith Company, Ltd. (A)	650		36,030
HLB, Inc. (A)	1,118		56,367
Hotel Shilla Company, Ltd.	1,190		85,676
Hyundai Department Store Company, Ltd.	494		32,231
Hyundai Engineering & Construction Company, Ltd.	2,649		102,319
Hyundai Glovis Company, Ltd.	539		70,209
Hyundai Heavy Industries Holdings Company, Ltd.	311		90,753

 

110

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Hyundai Marine & Fire Insurance Company, Ltd.	2,650	$	58,427
Hyundai Mobis Company, Ltd.	2,332		490,753
Hyundai Motor Company	5,358		599,908
Hyundai Steel Company	2,875		93,403
Industrial Bank of Korea	9,029		99,603
Kakao Corp.	1,792		202,882
Kangwon Land, Inc.	4,000		98,772
KB Financial Group, Inc.	10,980		391,892
KB Financial Group, Inc., ADR	2,772		99,016
KCC Corp.	196		35,706
Kia Motors Corp.	8,934		340,628
Korea Aerospace Industries, Ltd.	1,710		55,896
Korea Electric Power Corp. (A)	6,370		137,812
Korea Electric Power Corp., ADR (A)(B)	4,277		46,363
Korea Gas Corp.	1,166		38,574
Korea Investment Holdings Company, Ltd.	1,170		73,505
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	1,465		151,664
Korea Zinc Company, Ltd.	339		126,888
Korean Air Lines Company, Ltd.	1,349		25,822
KT&G Corp.	4,323		381,398
Kumho Petrochemical Company, Ltd.	614		36,716
LG Chem, Ltd.	1,568		392,076
LG Corp.	3,654		213,716
LG Display Company, Ltd. (A)	7,650		90,496
LG Display Company, Ltd., ADR (A)	2,417		14,381
LG Electronics, Inc.	3,460		194,790
LG Household & Health Care, Ltd.	362		395,095
LG Innotek Company, Ltd.	650		61,904
LG Uplus Corp.	3,050		34,753
Lotte Chemical Corp.	562		110,833
Lotte Corp.	819		24,797
Lotte Shopping Company, Ltd.	366		39,419
Medy-Tox, Inc.	144		43,309
Mirae Asset Daewoo Company, Ltd.	13,812		86,487
NAVER Corp.	4,825		632,872
NCSoft Corp.	632		275,207
Netmarble Corp. (A)(C)	916		72,255
NH Investment & Securities Company, Ltd.	3,944		41,826
OCI Company, Ltd.	650		37,746
Orange Life Insurance, Ltd. (C)	1,552		35,062
Orion Corp.	940		77,233
Ottogi Corp.	43		20,946
Pan Ocean Company, Ltd. (A)	11,652		44,477
Pearl Abyss Corp. (A)	204		33,759
POSCO	2,811		532,847
POSCO Chemical Company, Ltd.	847		31,220
Posco International Corp.	1,626		25,966
S-1 Corp.	810		66,462
Samsung Biologics Company, Ltd. (A)(C)	550		141,165
Samsung C&T Corp.	2,732		204,693
Samsung Card Company, Ltd.	1,490		43,757
Samsung Electro-Mechanics Company, Ltd.	2,318		199,464
Samsung Electronics Company, Ltd.	171,900		7,038,283
Samsung Engineering Company, Ltd. (A)	5,618		78,808
Samsung Fire & Marine Insurance Company, Ltd.	1,090		203,093
Samsung Heavy Industries Company, Ltd. (A)	15,521		102,085
Samsung Life Insurance Company, Ltd.	2,349		139,589

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Samsung SDI Company, Ltd.	1,971	$	366,939
Samsung SDS Company, Ltd.	1,346		214,196
Samsung Securities Company, Ltd.	2,834		83,616
Shinhan Financial Group Company, Ltd.	14,125		493,570
Shinhan Financial Group Company, Ltd., ADR	350		12,247
Shinsegae, Inc.	197		43,164
SillaJen, Inc. (A)	1,857		12,614
SK Holdings Company, Ltd.	1,081		184,272
SK Hynix, Inc.	20,911		1,436,174
SK Innovation Company, Ltd.	2,274		314,887
SK Telecom Company, Ltd.	677		136,419
S-Oil Corp.	1,778		147,417
Woongjin Coway Company, Ltd.	1,930		136,713
Woori Financial Group, Inc.	16,990		176,609
Yuhan Corp.	404		77,105
			22,005,114
Spain - 1.9%
ACS Actividades de Construccion y Servicios SA	9,685		386,975
Aena SME SA (C)	2,372		434,204
Amadeus IT Group SA	15,884		1,138,118
Banco Bilbao Vizcaya Argentaria SA (B)	239,320		1,245,781
Banco de Sabadell SA	196,135		190,158
Banco Santander SA	576,452		2,345,488
Banco Santander SA (Mexican Stock Exchange)	21,905		89,134
Bankia SA	48,666		91,826
Bankinter SA	26,033		164,276
CaixaBank SA	126,097		330,752
Cellnex Telecom SA (A)(C)	6,926		286,069
Enagas SA	7,812		180,587
Endesa SA	12,378		325,613
Ferrovial SA	19,188		554,405
Grifols SA	10,824		319,072
Iberdrola SA	214,702		2,231,571
Industria de Diseno Textil SA	39,465		1,221,351
Mapfre SA	37,878		102,016
Naturgy Energy Group SA	12,174		322,889
Red Electrica Corp. SA	15,612		316,234
Repsol SA	51,982		810,713
Siemens Gamesa Renewable Energy SA	9,848		133,600
Telefonica SA	168,167		1,284,993
			14,505,825
Sweden - 1.6%
Alfa Laval AB	10,314		203,434
Assa Abloy AB, B Shares	35,703		793,719
Atlas Copco AB, A Shares	24,463		753,293
Atlas Copco AB, B Shares	13,732		371,850
Boliden AB	10,826		248,636
Electrolux AB, B Shares	9,396		222,594
Epiroc AB, A Shares	24,463		264,938
Epiroc AB, B Shares	13,732		141,709
Essity AB, B Shares	21,740		634,339
Hennes & Mauritz AB, B Shares (B)	33,681		652,885
Hexagon AB, B Shares	9,164		441,431
Husqvarna AB, B Shares	18,793		142,918
ICA Gruppen AB	2,659		122,802
Industrivarden AB, C Shares	6,375		139,460
Investor AB, B Shares	16,738		817,438
Kinnevik AB, B Shares	8,775		230,710
L E Lundbergforetagen AB, B Shares	2,546		95,753
Lundin Petroleum AB	6,165		184,818
Sandvik AB	41,495		645,993
Securitas AB, B Shares	10,739		164,447

 

111

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Skandinaviska Enskilda Banken AB, A Shares	53,076	$	487,700
Skanska AB, B Shares	13,244		268,127
SKF AB, B Shares	14,059		232,158
Svenska Handelsbanken AB, A Shares	54,342		508,374
Swedbank AB, A Shares	33,187		477,949
Swedish Match AB	6,740		278,753
Tele2 AB, B Shares	14,276		212,319
Telefonaktiebolaget LM Ericsson, B Shares	112,943		902,001
Telia Company AB	105,161		470,438
Volvo AB, B Shares	56,973		799,510
			11,910,496
Switzerland - 6.6%
ABB, Ltd.	67,969		1,336,670
Adecco Group AG	6,058		335,236
Alcon, Inc. (A)	16,148		941,911
Baloise Holding AG	1,882		337,207
Barry Callebaut AG	92		189,753
Chocoladefabriken Lindt & Spruengli AG	4		331,146
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	42		310,199
Cie Financiere Richemont SA (B)	19,247		1,410,529
Clariant AG (A)	8,258		160,846
Coca-Cola HBC AG	8,067		263,471
Credit Suisse Group AG (A)	94,443		1,155,332
Dufry AG (A)	1,394		116,610
EMS-Chemie Holding AG (B)	321		200,014
Geberit AG	1,376		657,570
Givaudan SA	344		960,112
Glencore PLC (A)	386,909		1,165,964
Julius Baer Group, Ltd. (A)(B)	8,601		380,946
Kuehne + Nagel International AG	2,065		303,870
LafargeHolcim, Ltd. (A)	10,353		509,821
LafargeHolcim, Ltd. (London Stock Exchange) (A)	6,750		332,130
Lonza Group AG (A)	2,780		940,782
Nestle SA	110,023		11,932,494
Novartis AG (B)	76,810		6,666,109
Pargesa Holding SA, Bearer Shares	1,634		125,685
Partners Group Holding AG	662		508,387
Roche Holding AG	25,236		7,347,833
Schindler Holding AG	806		179,814
Schindler Holding AG, Participation Certificates (B)	1,582		354,031
SGS SA	203		503,221
Sika AG	4,800		702,297
Sonova Holding AG (B)	2,130		495,610
STMicroelectronics NV	26,000		503,148
Straumann Holding AG	401		327,998
Swiss Life Holding AG	1,290		616,749
Swiss Prime Site AG (A)	3,037		297,214
Swiss Re AG	11,284		1,177,415
Swisscom AG (B)	989		487,946
Temenos AG (A)	2,330		390,159
The Swatch Group AG	2,395		120,360
The Swatch Group AG, Bearer Shares	1,191		316,212
UBS Group AG (A)	141,623		1,608,050
Vifor Pharma AG	1,821		291,049
Zurich Insurance Group AG	5,563		2,130,673
			49,422,573
Taiwan - 2.7%
Acer, Inc.	58,018		33,276
Advantech Company, Ltd.	12,089		106,337

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Airtac International Group	4,000	$	47,659
ASE Technology Holding Company, Ltd.	111,338		253,495
Asia Cement Corp.	36,863		51,449
Asustek Computer, Inc.	24,952		166,052
AU Optronics Corp.	163,827		41,381
Catcher Technology Company, Ltd.	22,184		167,935
Cathay Financial Holding Company, Ltd.	259,901		342,563
Chailease Holding Company, Ltd.	35,720		144,258
Chang Hwa Commercial Bank, Ltd.	109,345		76,276
Cheng Shin Rubber Industry Company, Ltd.	43,680		64,475
China Airlines, Ltd.	26,874		7,864
China Development Financial Holding Corp.	479,153		142,710
China Life Insurance Company, Ltd. (A)	105,003		83,247
China Steel Corp.	363,388		269,365
Chunghwa Telecom Company, Ltd.	121,148		433,249
Compal Electronics, Inc.	79,764		46,020
CTBC Financial Holding Company, Ltd.	631,465		419,158
Delta Electronics, Inc.	70,866		302,769
E.Sun Financial Holding Company, Ltd.	298,339		252,377
Eclat Textile Company, Ltd.	6,259		84,049
Eva Airways Corp.	33,427		14,702
Evergreen Marine Corp. Taiwan, Ltd. (A)	10,982		4,602
Far Eastern New Century Corp.	64,875		59,828
Far EasTone Telecommunications Company, Ltd.	45,159		105,487
Feng TAY Enterprise Company, Ltd.	12,100		86,724
First Financial Holding Company, Ltd.	367,527		258,084
Formosa Chemicals & Fibre Corp.	126,212		352,865
Formosa Petrochemical Corp.	43,720		138,329
Formosa Plastics Corp.	159,086		484,623
Formosa Taffeta Company, Ltd.	5,000		5,447
Foxconn Technology Company, Ltd.	15,513		32,352
Fubon Financial Holding Company, Ltd.	211,112		303,097
Giant Manufacturing Company, Ltd.	11,000		74,823
Globalwafers Company, Ltd.	9,000		90,768
Highwealth Construction Corp.	27,000		43,420
Hiwin Technologies Corp.	8,769		76,432
Hon Hai Precision Industry Company, Ltd.	468,368		1,105,170
Hotai Motor Company, Ltd.	9,000		136,700
Hua Nan Financial Holdings Company, Ltd.	286,088		193,103
Innolux Corp.	297,841		63,331
Inventec Corp.	25,899		17,865
Largan Precision Company, Ltd.	3,143		449,578
Lite-On Technology Corp.	39,626		62,952
MediaTek, Inc.	49,340		587,033
Mega Financial Holding Company, Ltd.	387,134		358,609
Micro-Star International Company, Ltd.	23,000		66,865
Nan Ya Plastics Corp.	185,992		417,799
Nanya Technology Corp.	37,000		96,103
Novatek Microelectronics Corp.	20,361		116,847
Pegatron Corp.	71,989		125,291
Pou Chen Corp.	36,641		46,971
Powertech Technology, Inc.	13,149		36,948
President Chain Store Corp.	21,496		200,931
Quanta Computer, Inc.	92,771		169,245
Realtek Semiconductor Corp.	16,999		126,032
Shin Kong Financial Holding Company, Ltd. (A)	380,358		115,094
SinoPac Financial Holdings Company, Ltd.	385,762		150,412
Synnex Technology International Corp.	24,928		29,154

 

112

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Taishin Financial Holding Company, Ltd.	319,343	$	142,516
Taiwan Cement Corp.	159,830		204,216
Taiwan Cooperative Financial Holding Company, Ltd.	281,866		186,158
Taiwan High Speed Rail Corp.	71,000		80,772
Taiwan Mobile Company, Ltd.	62,257		224,707
Taiwan Semiconductor Manufacturing Company, Ltd.	887,227		7,879,937
Tatung Company, Ltd. (A)	67,000		36,736
The Shanghai Commercial & Savings Bank, Ltd.	110,000		184,783
Uni-President Enterprises Corp.	151,487		365,560
United Microelectronics Corp.	455,313		195,237
Walsin Technology Corp.	11,000		61,914
Win Semiconductors Corp.	12,000		107,347
Winbond Electronics Corp.	102,000		58,653
Wistron Corp.	42,598		34,378
WPG Holdings, Ltd.	47,840		58,853
Ya Hsin Industrial Company, Ltd. (A)(E)	36,000		0
Yageo Corp.	9,584		76,147
Yuanta Financial Holding Company, Ltd.	339,267		202,439
Zhen Ding Technology Holding, Ltd.	19,000		68,010
			20,507,943
Thailand - 0.7%
Advanced Info Service PCL, Foreign Quota Shares	48,400		348,426
Airports of Thailand PCL, Foreign Quota Shares	163,100		398,796
Bangkok Bank PCL	11,700		67,282
Bangkok Bank PCL, NVDR	2,700		15,316
Bangkok Dusit Medical Services PCL, NVDR	166,300		131,567
Bangkok Expressway & Metro PCL	135,200		47,764
Banpu PCL, Foreign Quota Shares	110,000		42,447
Banpu PCL, NVDR	23,700		9,145
Berli Jucker PCL, NVDR	21,300		36,747
BTS Group Holdings PCL, NVDR	114,100		49,957
Bumrungrad Hospital PCL, NVDR	15,600		65,251
Central Pattana PCL, NVDR	64,400		143,241
Charoen Pokphand Foods PCL, Foreign Quota Shares	136,200		116,942
CP ALL PCL, Foreign Quota Shares	184,600		489,964
CP ALL PCL, NVDR	12,800		33,974
Electricity Generating PCL, Foreign Quota Shares	7,600		89,215
Electricity Generating PCL, NVDR	1,400		16,434
Energy Absolute PCL, Foreign Quota Shares	56,900		89,317
Gulf Energy Development PCL, NVDR	9,500		49,657
Home Product Center PCL, Foreign Quota Shares	204,400		114,365
Indorama Ventures PCL, NVDR	54,900		58,309
Intouch Holdings PCL, NVDR	36,900		79,073
IRPC PCL, Foreign Quota Shares	528,400		63,543
Kasikornbank PCL, Foreign Quota Shares	45,000		231,494
Kasikornbank PCL, NVDR	27,100		138,695
Krung Thai Bank PCL, Foreign Quota Shares	164,375		92,522
Land & Houses PCL, NVDR	126,800		39,784
Minor International PCL, NVDR	49,000		60,081
Muangthai Capital PCL, NVDR	11,300		21,082
PTT Exploration & Production PCL, Foreign Quota Shares	60,147		238,074

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
PTT Global Chemical PCL, Foreign Quota Shares	87,373	$	153,646
PTT PCL, Foreign Quota Shares	391,000		591,314
PTT PCL, NVDR	10,500		15,879
Ratch Group PCL, NVDR	12,800		29,905
Robinson PCL, Foreign Quota Shares	28,700		59,782
Thai Oil PCL, Foreign Quota Shares	46,900		106,968
Thai Union Group PCL, Foreign Quota Shares	95,900		52,367
The Siam Cement PCL, Foreign Quota Shares	12,000		160,020
The Siam Cement PCL, NVDR	7,900		105,347
The Siam Commercial Bank PCL, Foreign Quota Shares	70,748		273,052
TMB Bank PCL, Foreign Quota Shares	739,100		37,925
Total Access Communication PCL, NVDR	12,500		23,495
True Corp. PCL, Foreign Quota Shares	448,802		76,996
			5,065,160
Turkey - 0.2%
Akbank T.A.S. (A)	100,286		143,913
Anadolu Efes Biracilik Ve Malt Sanayii AS	8,117		31,457
Arcelik AS (A)	6,139		20,682
Aselsan Elektronik Sanayi Ve Ticaret AS	7,013		24,968
BIM Birlesik Magazalar AS	16,428		142,936
Eregli Demir ve Celik Fabrikalari TAS	49,091		59,450
Ford Otomotiv Sanayi AS	4,572		48,090
Haci Omer Sabanci Holding AS	31,762		53,766
KOC Holding AS	25,423		84,978
TAV Havalimanlari Holding AS	4,656		19,433
Tupras Turkiye Petrol Rafinerileri AS	4,998		126,874
Turk Hava Yollari AO (A)	25,366		55,510
Turkcell Iletisim Hizmetleri AS	38,572		88,810
Turkiye Garanti Bankasi AS (A)	86,216		155,669
Turkiye Is Bankasi AS, Class C (A)	60,572		67,095
Turkiye Sise ve Cam Fabrikalari AS	43,843		36,222
			1,159,853
United Arab Emirates - 0.0%
NMC Health PLC	4,471		149,014
United Kingdom - 9.7%
3i Group PLC	36,926		528,496
Admiral Group PLC	7,852		204,186
Anglo American PLC	39,043		897,281
Ashtead Group PLC	18,209		506,381
Associated British Foods PLC	13,623		385,649
AstraZeneca PLC	46,274		4,131,743
Auto Trader Group PLC (C)	37,238		233,394
Aviva PLC	145,633		714,936
BAE Systems PLC	119,514		836,987
Barclays PLC	632,014		1,164,480
Barratt Developments PLC	39,643		315,582
BP PLC	725,258		4,591,414
British American Tobacco PLC	81,572		3,012,459
BT Group PLC	313,658		687,979
Bunzl PLC	12,951		338,530
Burberry Group PLC	15,796		421,935
Centrica PLC	223,228		202,420
CNH Industrial NV	37,712		384,027
Coca-Cola European Partners PLC	8,055		448,847
Compass Group PLC	56,033		1,441,874
Croda International PLC	4,999		298,618
Diageo PLC	84,564		3,454,449
Direct Line Insurance Group PLC	53,358		196,864

 

113

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
easyJet PLC	7,197	$	101,576
Ferguson PLC	8,737		637,630
Fiat Chrysler Automobiles NV	38,626		500,510
G4S PLC	63,824		148,641
GlaxoSmithKline PLC	177,618		3,807,153
Halma PLC	13,540		327,740
Hargreaves Lansdown PLC	11,129		284,145
HSBC Holdings PLC	724,999		5,555,102
Imperial Brands PLC	35,313		792,991
Informa PLC	47,610		498,613
InterContinental Hotels Group PLC	6,599		411,811
Intertek Group PLC	6,185		416,324
ITV PLC	140,570		217,730
J Sainsbury PLC	71,585		193,164
John Wood Group PLC	28,189		131,420
Johnson Matthey PLC	7,531		282,870
Kingfisher PLC	84,019		213,524
Land Securities Group PLC	28,824		303,574
Legal & General Group PLC	222,310		678,558
Lloyds Banking Group PLC	2,511,365		1,664,826
London Stock Exchange Group PLC	11,723		1,052,717
Marks & Spencer Group PLC	78,181		177,077
Meggitt PLC	31,556		246,167
Melrose Industries PLC	185,187		458,795
Merlin Entertainments PLC (C)	30,811		171,438
Micro Focus International PLC	13,507		189,802
Mondi PLC	4,137		79,256
Mondi PLC (JSE Limited Exchange)	14,338		274,534
National Grid PLC	120,365		1,303,222
Next PLC	5,372		408,353
Ocado Group PLC (A)	16,212		263,698
Pearson PLC	30,415		275,807
Persimmon PLC	12,211		325,668
Prudential PLC	90,571		1,641,250
Reckitt Benckiser Group PLC	24,688		1,927,615
RELX PLC	38,212		907,520
RELX PLC (Euronext Amsterdam Exchange)	32,422		770,897
Rentokil Initial PLC	65,957		379,214
Rio Tinto PLC	40,281		2,093,900
Rio Tinto, Ltd.	13,429		841,125
Rolls-Royce Holdings PLC (A)	63,506		617,075
RSA Insurance Group PLC	40,468		265,513
Schroders PLC	4,962		187,557
Segro PLC	37,028		369,147
Severn Trent PLC	9,498		252,810
Smith & Nephew PLC	32,946		793,399
Smiths Group PLC	15,498		299,045
Spirax-Sarco Engineering PLC	2,625		252,901
SSE PLC	35,766		547,140
St. James's Place PLC	20,193		242,874
Standard Chartered PLC	104,619		878,160
Standard Life Aberdeen PLC	97,033		340,790
Taylor Wimpey PLC	125,790		249,683
Tesco PLC	362,394		1,071,402
The Berkeley Group Holdings PLC	4,907		251,946
The British Land Company PLC	35,353		254,321
The Royal Bank of Scotland Group PLC	181,551		462,751
The Sage Group PLC	41,847		355,621
The Weir Group PLC (B)	9,927		173,897
Unilever NV	51,983		3,121,455
Unilever PLC	39,412		2,368,726
United Utilities Group PLC	26,873		272,773
Vodafone Group PLC	947,036		1,886,776
Whitbread PLC	4,779		252,230

International Equity Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Wm Morrison Supermarkets PLC		89,522	$	220,422
WPP PLC		47,661		596,778
				72,939,680
United States - 0.1%
Bausch Health Companies, Inc. (A)		12,400		270,491
Carnival PLC		6,571		271,909
International Flavors & Fragrances, Inc.		319		39,195
Nexteer Automotive Group, Ltd.		31,000		25,600
				607,195
TOTAL COMMON STOCKS (Cost $584,790,833)			$	727,968,705
PREFERRED SECURITIES - 1.1%
Brazil - 0.6%
Banco Bradesco SA		144,505		1,179,704
Braskem SA, A Shares (A)		4,100		32,090
Centrais Eletricas Brasileiras SA, B Shares		5,700		57,645
Cia Brasileira de Distribuicao		4,938		94,839
Cia Energetica de Minas Gerais		31,260		107,813
Gerdau SA		36,200		114,656
Itau Unibanco Holding SA		173,589		1,463,513
Itausa - Investimentos Itau SA		159,923		507,295
Lojas Americanas SA		24,076		115,659
Petroleo Brasileiro SA		145,251		963,108
Telefonica Brasil SA		9,652		127,626
				4,763,948
Germany - 0.3%
Bayerische Motoren Werke AG		2,090		116,105
FUCHS PETROLUB SE		2,735		102,573
Henkel AG & Company KGaA		6,555		648,614
Porsche Automobil Holding SE		5,695		369,190
Sartorius AG		1,266		230,806
Volkswagen AG		6,657		1,132,262
				2,599,550
South Korea - 0.2%
Amorepacific Corp.		300		18,384
CJ Corp. (A)		68		3,411
Hyundai Motor Company		705		44,997
Hyundai Motor Company, 2nd Preferred		1,197		84,901
LG Chem, Ltd.		162		22,672
LG Household & Health Care, Ltd.		112		72,134
Samsung Electronics Company, Ltd.		30,800		1,016,680
				1,263,179
TOTAL PREFERRED SECURITIES (Cost $7,099,179)			$	8,626,677
CORPORATE BONDS - 0.0%
India - 0.0%
Britannia Industries, Ltd. 8.000%, 08/28/2022	INR	60,360		845
TOTAL CORPORATE BONDS (Cost $841)			$	845
RIGHTS - 0.0%
Harvey Norman Holdings, Ltd. (Expiration Date: 10-14-19; Strike Price: AUD 2.50) (A)		1,147		1,390
The Shanghai Commercial & Savings Bank, Ltd. (Expiration Date: 10-8-19; Strike Price: TWD 36.00) (A)		8,937		4,638
TMB Bank PCL (Expiration Date: 12-31-49; Strike Price: THB 1.40) (A)		511,653		2,844
TOTAL RIGHTS (Cost $0)			$	8,872

 

114

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
SECURITIES LENDING COLLATERAL - 2.9%
John Hancock Collateral Trust, 2.1169% (F)(G)	2,181,289	$	21,827,501
TOTAL SECURITIES LENDING COLLATERAL (Cost $21,827,779)		$	21,827,501
SHORT-TERM INVESTMENTS - 0.7%
Money market funds - 0.7%
Fidelity Institutional Money Market Government Portfolio, Institutional Class, 1.8786% (F)	5,083,393		5,083,393
TOTAL SHORT-TERM INVESTMENTS (Cost $5,083,393)		$	5,083,393
Total Investments (International Equity Index Trust) (Cost $618,802,025) - 101.7%		$	763,515,993
Other assets and liabilities, net - (1.7%)			(12,753,022)
TOTAL NET ASSETS - 100.0%		$	750,762,971

Currency Abbreviations
AUD	Australian Dollar

International Equity Index Trust (continued)

INR	Indian Rupee
THB	Thai Bhat
TWD	New Taiwan Dollar
Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $20,714,022.
(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 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Mini MSCI EAFE Index Futures	48	Long	Dec 2019	$4,556,658	$4,554,960	$(1,698)
Mini MSCI Emerging Markets Index Futures	180	Long	Dec 2019	9,314,844	9,014,400	(300,444)
MSCI Taiwan Index Futures	25	Long	Oct 2019	1,010,469	1,015,250	4,781
						$(297,361)

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

International Growth Stock Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 95.4%
Australia - 0.7%
CSL, Ltd.	2,765	$	437,180
Brazil - 4.1%
Ambev SA, ADR	237,399		1,096,783
B3 SA - Brasil Bolsa Balcao	71,334		749,059
Banco Bradesco SA, ADR	88,969		724,208
			2,570,050
Canada - 9.9%
Canadian National Railway Company	12,523		1,124,456
CGI, Inc. (A)	32,085		2,537,061
Nutrien, Ltd.	18,884		940,743
PrairieSky Royalty, Ltd.	58,013		809,209
Suncor Energy, Inc.	24,240		764,607
			6,176,076
China - 6.8%
Alibaba Group Holding, Ltd., ADR (A)	5,792		968,600
Kweichow Moutai Company, Ltd., Class A	3,818		615,534
New Oriental Education & Technology Group, Inc., ADR (A)	6,609		732,013
Wuliangye Yibin Company, Ltd., Class A	39,357		716,329
Yum China Holdings, Inc.	25,738		1,169,277
			4,201,753
Denmark - 1.6%
Carlsberg A/S, Class B	6,633		980,212

International Growth Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France - 9.3%
Bureau Veritas SA	46,504	$	1,119,344
EssilorLuxottica SA	4,633		667,985
Pernod Ricard SA	3,801		676,508
Schneider Electric SE	12,232		1,069,596
Vinci SA	11,762		1,266,996
Vivendi SA	35,618		974,610
			5,775,039
Germany - 8.2%
Allianz SE	6,697		1,558,879
Beiersdorf AG	3,154		371,874
Deutsche Boerse AG	10,685		1,666,428
SAP SE	12,793		1,505,401
			5,102,582
Hong Kong - 1.6%
Galaxy Entertainment Group, Ltd.	154,000		954,758
Ireland - 0.8%
ICON PLC (A)	3,182		468,836
Italy - 2.2%
FinecoBank Banca Fineco SpA	80,633		853,104
Mediobanca Banca di Credito Finanziario SpA	46,941		512,400
			1,365,504
Japan - 9.7%
Asahi Group Holdings, Ltd.	25,400		1,261,443

 

115

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Growth Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
FANUC Corp.	4,900	$	926,215
Hoya Corp.	15,400		1,261,305
Kao Corp.	9,300		689,846
Keyence Corp.	1,500		933,684
Komatsu, Ltd.	21,500		495,785
SMC Corp.	1,100		472,811
			6,041,089
Mexico - 1.8%
Fomento Economico Mexicano SAB de CV, ADR	12,266		1,123,320
Netherlands - 4.8%
ING Groep NV	73,272		765,455
Royal Dutch Shell PLC, B Shares	18,298		540,803
Wolters Kluwer NV	23,237		1,695,494
			3,001,752
Singapore - 1.4%
United Overseas Bank, Ltd.	47,700		886,505
South Korea - 2.8%
NAVER Corp.	4,397		576,734
Samsung Electronics Company, Ltd.	28,726		1,176,159
			1,752,893
Spain - 1.4%
Amadeus IT Group SA	12,151		870,641
Sweden - 2.6%
Investor AB, B Shares	33,322		1,627,355
Switzerland - 5.7%
Alcon, Inc. (A)	10,055		586,507
Cie Financiere Richemont SA	9,082		665,580
Julius Baer Group, Ltd. (A)	11,168		494,641
Kuehne + Nagel International AG	4,674		687,791
Novartis AG	12,624		1,095,599
			3,530,118
Taiwan - 2.6%
Taiwan Semiconductor Manufacturing Company, Ltd.	182,000		1,616,439
Turkey - 1.0%
Akbank T.A.S. (A)	408,709		586,509
United Kingdom - 11.3%
Amcor PLC	90,966		875,436
British American Tobacco PLC	26,495		978,462
Compass Group PLC	41,108		1,057,815
Informa PLC	108,250		1,133,688
Reckitt Benckiser Group PLC	10,599		827,559
RELX PLC	56,992		1,353,537
TechnipFMC PLC	34,021		813,124
			7,039,621
United States - 5.1%
Booking Holdings, Inc. (A)	318		624,110
Broadcom, Inc.	3,998		1,103,728
Philip Morris International, Inc.	19,119		1,451,706
			3,179,544
TOTAL COMMON STOCKS (Cost $54,654,793)		$	59,287,776

International Growth Stock Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 3.6%
Money market funds - 3.6%
JPMorgan U.S. Treasury Plus Money Market Fund, Institutional Class, 1.7986% (B)	2,254,457	$	2,254,457
TOTAL SHORT-TERM INVESTMENTS (Cost $2,254,457)		$	2,254,457
Total Investments (International Growth Stock Trust) (Cost $56,909,250) - 99.0%		$	61,542,233
Other assets and liabilities, net - 1.0%			629,717
TOTAL NET ASSETS - 100.0%		$	62,171,950

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-19.

International Small Company Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 98.1%
Australia - 6.4%
A2B Australia, Ltd.	9,047	$	8,967
Accent Group, Ltd.	24,907		28,692
Adelaide Brighton, Ltd.	19,036		39,216
Ainsworth Game Technology, Ltd.	10,192		5,337
Alkane Resources, Ltd. (A)(B)	4,753		2,342
ALS, Ltd.	11,777		63,747
Altium, Ltd.	5,149		116,201
AMA Group, Ltd.	18,995		15,601
Amaysim Australia, Ltd. (A)(B)	11,607		2,352
Ansell, Ltd.	6,123		113,345
AP Eagers, Ltd. (B)	11,432		109,698
Appen, Ltd.	7,098		101,599
ARB Corp., Ltd. (B)	3,664		47,144
Ardent Leisure Group, Ltd. (A)	39,016		25,525
ARQ Group, Ltd.	8,681		2,196
Asaleo Care, Ltd. (A)	30,182		19,864
AUB Group, Ltd.	4,946		38,991
Aurelia Metals, Ltd.	63,267		19,413
Ausdrill, Ltd.	33,636		50,693
Austal, Ltd.	23,155		67,915
Australian Agricultural Company, Ltd. (A)	28,065		19,715
Australian Pharmaceutical Industries, Ltd.	26,584		24,228
Auswide Bank, Ltd.	607		2,230
Aveo Group	28,401		40,850
Bank of Queensland, Ltd.	16,259		108,887
Bapcor, Ltd. (B)	13,654		67,915
Beach Energy, Ltd.	44,837		76,533
Bega Cheese, Ltd. (B)	14,056		43,027
Bellamy's Australia, Ltd. (A)	4,706		41,419
Bingo Industries, Ltd. (B)	8,137		12,142
Blackmores, Ltd. (B)	372		21,516
Blue Sky Alternative Investments, Ltd. (A)(C)	2,049		218
Bravura Solutions, Ltd.	17,005		47,650
Breville Group, Ltd.	4,935		53,661
Brickworks, Ltd.	3,795		45,247
BWX, Ltd.	7,095		18,561
Cardno, Ltd. (A)	15,086		11,405
carsales.com, Ltd.	10,102		104,370
Cash Converters International, Ltd. (A)	14,501		1,371
Cedar Woods Properties, Ltd.	2,505		11,739
Centuria Capital Group	14,207		21,114

 

116

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Cleanaway Waste Management, Ltd.	91,256	$	120,227
Clinuvel Pharmaceuticals, Ltd. (B)	2,335		38,988
Codan, Ltd.	5,320		19,903
Collins Foods, Ltd.	5,764		38,970
Cooper Energy, Ltd. (A)	98,256		38,484
Corporate Travel Management, Ltd. (B)	2,594		33,071
Costa Group Holdings, Ltd. (B)	10,072		25,535
Credit Corp. Group, Ltd.	2,594		52,860
CSG, Ltd. (A)	32,904		4,876
CSR, Ltd.	25,551		73,708
CuDeco, Ltd. (A)(C)	8,580		1,123
Data#3, Ltd.	9,073		18,193
Decmil Group, Ltd.	2,921		1,736
Domain Holdings Australia, Ltd. (B)	17,171		39,324
Domino's Pizza Enterprises, Ltd.	2,402		75,300
Downer EDI, Ltd.	8,097		42,657
Eclipx Group, Ltd.	16,681		20,117
Elders, Ltd.	8,609		36,747
EML Payments, Ltd. (A)	12,305		35,649
EQT Holdings, Ltd.	691		14,054
ERM Power, Ltd.	7,077		11,566
Estia Health, Ltd.	11,708		20,231
EVENT Hospitality and Entertainment, Ltd.	4,397		40,043
FAR, Ltd. (A)(B)	202,920		7,531
Finbar Group, Ltd.	8,370		4,774
Fleetwood Corp., Ltd. (A)	8,058		10,500
FlexiGroup, Ltd.	20,305		35,012
Freedom Foods Group, Ltd.	6,442		22,844
G8 Education, Ltd.	27,130		47,449
Galaxy Resources, Ltd. (A)	30,280		22,426
Genworth Mortgage Insurance Australia, Ltd.	18,245		41,902
Gold Road Resources, Ltd. (A)	43,849		36,797
GrainCorp, Ltd., Class A	13,614		72,738
GUD Holdings, Ltd.	3,410		23,171
GWA Group, Ltd. (B)	12,195		27,917
Hansen Technologies, Ltd.	11,735		29,978
Healius, Ltd.	45,043		97,904
HT&E, Ltd.	20,357		25,425
HUB24, Ltd.	3,152		26,853
IDP Education, Ltd.	4,283		45,071
Iluka Resources, Ltd.	13,142		70,982
Imdex, Ltd.	20,483		19,368
IMF Bentham, Ltd. (A)	12,988		32,758
Independence Group NL	21,668		94,262
Infigen Energy	77,417		35,575
Infomedia, Ltd.	15,337		21,033
Inghams Group, Ltd. (B)	11,981		25,490
Integral Diagnostics, Ltd.	6,781		14,986
Integrated Research, Ltd.	3,367		7,026
International Ferro Metals, Ltd. (A)(C)	24,339		0
InvoCare, Ltd.	6,934		64,932
IOOF Holdings, Ltd.	16,325		70,593
IPH, Ltd.	6,339		37,289
IRESS, Ltd.	7,537		58,955
iSelect, Ltd. (A)(B)	10,270		4,092
iSentia Group, Ltd. (A)(B)	3,943		1,173
IVE Group, Ltd.	11,452		16,235
Japara Healthcare, Ltd. (B)	17,906		14,327
JB Hi-Fi, Ltd. (B)	5,693		130,714
Jumbo Interactive, Ltd.	3,998		65,306
Jupiter Mines, Ltd.	116,266		30,638
Karoon Energy, Ltd. (A)	6,513		5,080
Kingsgate Consolidated, Ltd. (A)	11,120		3,154

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Lifestyle Communities, Ltd.	3,310	$	17,116
Link Administration Holdings, Ltd.	9,632		37,117
Lovisa Holdings, Ltd.	3,846		33,295
MACA, Ltd.	18,596		12,053
Macmahon Holdings, Ltd. (A)	112,440		15,568
Mayne Pharma Group, Ltd. (A)	99,135		34,844
McMillan Shakespeare, Ltd.	3,346		36,919
McPherson's, Ltd.	7,978		13,473
Medusa Mining, Ltd. (A)	8,127		4,519
Mesoblast, Ltd. (A)(B)	24,462		35,023
Metals X, Ltd. (A)(B)	48,765		6,097
Metcash, Ltd.	46,387		93,662
Mineral Resources, Ltd.	6,073		54,920
MMA Offshore, Ltd. (A)	46,658		5,992
Moelis Australia, Ltd.	3,830		10,217
Monadelphous Group, Ltd.	6,360		67,685
Monash IVF Group, Ltd.	13,183		9,486
Mortgage Choice, Ltd.	6,422		4,943
Mount Gibson Iron, Ltd.	62,063		33,124
Myer Holdings, Ltd. (A)	63,302		26,084
MyState, Ltd.	4,190		12,926
Navigator Global Investments, Ltd.	10,160		22,919
New Hope Corp., Ltd.	11,267		16,756
NEXTDC, Ltd. (A)	11,494		47,840
nib holdings, Ltd.	21,443		105,732
Nick Scali, Ltd.	5,272		26,705
Nine Entertainment Company Holdings, Ltd.	89,722		118,569
NRW Holdings, Ltd.	36,145		56,663
Nufarm, Ltd. (B)	12,991		49,505
OceanaGold Corp.	31,900		83,311
OFX Group, Ltd.	14,134		15,245
oOh!media, Ltd. (B)	13,577		26,240
Orora, Ltd.	50,114		97,785
OZ Minerals, Ltd.	17,975		116,755
Pacific Current Group, Ltd.	1,644		7,884
Pact Group Holdings, Ltd. (A)(B)	11,275		16,748
Peet, Ltd.	13,800		10,715
Pendal Group, Ltd.	11,153		55,746
Perpetual, Ltd.	2,520		63,827
Perseus Mining, Ltd. (A)	111,479		52,494
Platinum Asset Management, Ltd. (B)	6,396		18,325
Praemium, Ltd. (A)	28,131		9,612
Premier Investments, Ltd.	4,691		61,409
Prime Media Group, Ltd. (A)	17,812		1,984
Pro Medicus, Ltd.	4,382		82,363
Qube Holdings, Ltd.	23,559		50,950
Quintis, Ltd. (A)(C)	22,092		0
Regis Healthcare, Ltd. (B)	9,267		18,213
Regis Resources, Ltd.	23,625		77,945
Resolute Mining, Ltd. (A)	41,988		40,138
Ridley Corp., Ltd.	19,156		12,864
Sandfire Resources NL	8,336		36,951
Saracen Mineral Holdings, Ltd. (A)	41,271		95,906
SeaLink Travel Group, Ltd.	6,360		15,927
Select Harvests, Ltd.	5,587		29,025
Senex Energy, Ltd. (A)	87,382		20,351
Servcorp, Ltd.	3,171		9,055
Service Stream, Ltd.	18,170		32,164
Seven Group Holdings, Ltd.	1,184		13,945
Seven West Media, Ltd. (A)	85,038		22,406
SG Fleet Group, Ltd.	7,879		12,343
Sigma Healthcare, Ltd.	86,903		35,193
Silver Lake Resources, Ltd. (A)	29,625		18,650
SmartGroup Corp., Ltd.	4,591		37,865

 

117

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Southern Cross Media Group, Ltd.	51,441	$	42,932
Spark Infrastructure Group	57,746		84,188
SpeedCast International, Ltd.	17,245		14,278
St. Barbara, Ltd.	31,231		61,005
Steadfast Group, Ltd.	37,803		90,646
Sundance Energy Australia, Ltd. (A)	33,049		4,210
Super Retail Group, Ltd.	6,693		44,819
Superloop, Ltd. (A)	16,355		11,051
Syrah Resources, Ltd. (A)	31,913		10,896
Tassal Group, Ltd.	15,314		44,275
Technology One, Ltd.	12,347		59,908
The Reject Shop, Ltd.	2,561		3,371
Tiger Resources, Ltd. (A)(C)	92,816		2,305
Troy Resources, Ltd. (A)	15,555		1,153
Villa World, Ltd. (B)	5,140		8,082
Village Roadshow, Ltd.	5,669		10,875
Virgin Australia Holdings, Ltd. (A)	92,110		9,952
Virgin Australia Holdings, Ltd. (A)(C)	359,466		1,213
Virtus Health, Ltd.	8,064		24,245
Vocus Group, Ltd. (A)	35,249		82,873
Webjet, Ltd.	8,700		64,117
Western Areas, Ltd.	18,795		39,390
Westgold Resources, Ltd. (A)	15,813		26,650
WPP AUNZ, Ltd.	25,254		8,788
			6,919,566
Austria - 1.5%
Agrana Beteiligungs AG	724		13,366
ams AG (A)	2,428		108,341
ANDRITZ AG	2,760		112,788
AT&S Austria Technologie & Systemtechnik AG	2,410		41,395
CA Immobilien Anlagen AG	4,952		175,660
DO & CO AG	278		25,599
EVN AG	3,092		54,392
FACC AG (B)	1,116		13,094
Flughafen Wien AG	265		11,074
IMMOFINANZ AG (A)	4,356		121,290
Kapsch TrafficCom AG	191		6,446
Lenzing AG	693		66,742
Mayr Melnhof Karton AG	439		52,827
Oesterreichische Post AG	2,096		73,559
Palfinger AG	1,137		29,926
POLYTEC Holding AG (B)	995		8,972
Porr AG (B)	648		13,346
Rhi Magnesita NV	1,095		54,690
Rosenbauer International AG (B)	174		7,452
S IMMO AG	3,364		77,359
S&T AG	2,773		55,095
Schoeller-Bleckmann Oilfield Equipment AG	710		42,127
Semperit AG Holding (A)	822		11,344
Strabag SE	893		28,661
Telekom Austria AG (A)	7,836		56,971
UBM Development AG	411		18,857
UNIQA Insurance Group AG	7,877		71,140
Vienna Insurance Group AG	2,457		63,993
Wienerberger AG	6,968		169,624
Zumtobel Group AG (A)	2,545		19,142
			1,605,272
Belgium - 1.6%
Ackermans & van Haaren NV	1,132		171,944
AGFA-Gevaert NV (A)	6,780		27,801
Akka Technologies	549		37,809
Atenor	169		13,744
Banque Nationale de Belgique	12		29,152

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Belgium (continued)
Barco NV	735	$	145,157
Bekaert SA	2,225		63,808
Biocartis NV (A)(B)(D)	2,587		17,493
bpost SA (B)	4,236		44,392
Celyad SA (A)(B)	493		4,777
Cie d'Entreprises CFE	416		38,291
D'ieteren SA	1,254		67,973
Econocom Group SA	6,435		16,102
Elia System Operator SA	1,281		104,689
Euronav NV	8,334		75,927
EVS Broadcast Equipment SA	811		19,900
Exmar NV (A)	1,567		9,441
Fagron	1,212		21,463
Galapagos NV (A)	1,265		192,729
Gimv NV	1,153		69,599
Immobel SA	209		15,260
Ion Beam Applications (A)	1,305		22,432
Kinepolis Group NV	585		35,954
Lotus Bakeries NV (B)	13		36,566
Melexis NV	987		68,455
Nyrstar NV (A)(B)	5,514		1,261
Ontex Group NV	3,927		70,643
Orange Belgium SA	1,199		24,749
Oxurion NV (A)(B)	1,612		4,554
Picanol	88		5,982
Recticel SA	2,296		19,487
Sioen Industries NV	374		8,719
Sipef NV	420		19,741
Telenet Group Holding NV	1,717		81,025
Tessenderlo Group SA (A)	1,439		45,486
Van de Velde NV	377		9,655
Viohalco SA (A)	7,173		28,624
			1,670,784
Bermuda - 0.2%
Hiscox, Ltd.	8,333		170,048
Canada - 8.9%
5N Plus, Inc. (A)	3,515		5,810
Absolute Software Corp.	3,900		22,402
Advantage Oil & Gas, Ltd. (A)	11,500		18,662
Aecon Group, Inc.	5,700		78,475
Africa Oil Corp. (A)	34,602		30,297
Ag Growth International, Inc. (B)	1,100		36,964
AGF Management, Ltd., Class B	4,298		20,114
Aimia, Inc. (A)(B)	7,777		19,841
AirBoss of America Corp.	1,500		8,831
AKITA Drilling, Ltd., Class A	1,120		921
Alamos Gold, Inc., Class A	23,618		137,267
Alaris Royalty Corp. (B)	2,229		33,128
Alcanna, Inc. (A)(B)	1,500		5,887
Algoma Central Corp.	700		7,318
Alio Gold, Inc. (A)(B)	638		395
Altius Minerals Corp.	3,100		25,832
Altus Group, Ltd.	2,618		78,944
Andrew Peller, Ltd., Class A	2,300		24,565
ARC Resources, Ltd. (B)	11,428		54,429
Aritzia, Inc. (A)	1,700		21,544
Asanko Gold, Inc. (A)	6,600		6,127
Athabasca Oil Corp. (A)(B)	42,135		20,354
ATS Automation Tooling Systems, Inc. (A)(B)	3,547		48,486
AutoCanada, Inc. (B)	1,985		11,971
B2Gold Corp. (A)	44,456		144,624
Badger Daylighting, Ltd. (B)	2,322		71,315
Barrick Gold Corp. (London Stock Exchange)	1,396		25,298

 

118

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Baytex Energy Corp. (A)	35,400	$	52,371
Birch Mountain Resources, Ltd. (A)(C)	9,200		1
Birchcliff Energy, Ltd.	15,733		25,413
Bird Construction, Inc. (B)	4,995		21,415
Black Diamond Group, Ltd. (A)	2,750		3,716
BMTC Group, Inc. (B)	500		3,766
Bombardier, Inc., Class B (A)	11,075		14,963
Bonavista Energy Corp. (B)	13,661		6,290
Bonterra Energy Corp. (B)	2,200		6,842
Boralex, Inc., Class A	4,277		73,056
Calfrac Well Services, Ltd. (A)(B)	6,414		7,601
Canaccord Genuity Group, Inc.	3,431		13,518
Canacol Energy, Ltd. (A)	7,565		25,867
Canadian Western Bank (B)	4,515		113,348
Canfor Corp. (A)	4,300		50,405
Canfor Pulp Products, Inc.	2,715		19,899
CanWel Building Materials Group, Ltd. (B)	3,600		12,527
Capital Power Corp.	6,627		153,464
Capstone Mining Corp. (A)(B)	29,467		13,123
Cardinal Energy, Ltd. (B)	5,530		10,352
Cascades, Inc.	6,623		57,889
Celestica, Inc. (A)	5,019		35,989
Centerra Gold, Inc. (A)	14,877		126,441
CES Energy Solutions Corp. (B)	18,429		28,516
China Gold International Resources Corp., Ltd. (A)	18,050		15,532
Cineplex, Inc. (B)	3,000		54,935
Clearwater Seafoods, Inc. (B)	1,500		6,363
Cogeco Communications, Inc.	731		58,911
Cogeco, Inc.	445		32,057
Colliers International Group, Inc.	1,700		127,675
Computer Modelling Group, Ltd.	4,420		20,384
Continental Gold, Inc. (A)	6,884		19,122
Copper Mountain Mining Corp. (A)	8,800		4,450
Corby Spirit and Wine, Ltd.	700		9,088
Corridor Resources, Inc. (A)	4,930		2,493
Corus Entertainment, Inc., B Shares	11,806		47,140
Crescent Point Energy Corp.	9,519		40,667
Crew Energy, Inc. (A)	11,300		5,800
CRH Medical Corp. (A)(B)	5,500		16,896
Delphi Energy Corp. (A)	20,245		1,375
Denison Mines Corp. (A)(B)	33,028		15,955
Detour Gold Corp. (A)	9,006		132,216
DHX Media, Ltd. (A)(B)	8,200		11,822
DIRTT Environmental Solutions (A)(B)	3,000		13,564
Dorel Industries, Inc., Class B	2,900		19,897
DREAM Unlimited Corp., Class A	4,500		32,472
Dundee Precious Metals, Inc. (A)	14,687		49,443
ECN Capital Corp.	25,400		87,616
E-L Financial Corp., Ltd.	100		56,689
Eldorado Gold Corp. (A)	9,374		72,595
Element Fleet Management Corp.	20,225		161,818
Endeavour Silver Corp. (A)(B)	10,900		24,353
Enerflex, Ltd.	6,400		56,133
Enerplus Corp.	11,735		87,425
Enghouse Systems, Ltd.	2,300		63,366
Ensign Energy Services, Inc.	9,800		22,635
Entertainment One, Ltd.	16,608		115,496
Equitable Group, Inc. (B)	996		78,043
Essential Energy Services, Ltd. (A)	7,268		1,591
Evertz Technologies, Ltd.	1,712		21,490
Exchange Income Corp. (B)	568		17,758
Exco Technologies, Ltd.	1,500		8,322
Extendicare, Inc. (B)	6,230		40,253

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Fiera Capital Corp.	3,035	$	23,596
Finning International, Inc.	2,800		49,011
Firm Capital Mortgage Investment Corp.	1,100		11,591
First Majestic Silver Corp. (A)(B)	6,681		60,766
First Mining Gold Corp. (A)	39,000		7,212
First National Financial Corp.	700		20,606
FirstService Corp.	1,300		133,282
Fission Uranium Corp. (A)(B)	19,500		5,299
Fortuna Silver Mines, Inc. (A)(B)	14,267		44,152
Freehold Royalties, Ltd. (B)	7,229		41,033
Gamehost, Inc.	100		653
Genworth MI Canada, Inc. (B)	1,788		70,988
Gibson Energy, Inc.	7,398		127,037
Glacier Media, Inc. (A)	6,100		3,131
GMP Capital, Inc.	3,026		5,710
goeasy, Ltd. (B)	672		30,210
Golden Star Resources, Ltd. (A)	5,011		14,411
Gran Tierra Energy, Inc. (A)	25,166		31,152
Great Canadian Gaming Corp. (A)	3,100		96,731
Guardian Capital Group, Ltd., Class A	600		11,000
Guyana Goldfields, Inc. (A)	11,400		8,088
Hanfeng Evergreen, Inc. (A)(C)	200		0
Heroux-Devtek, Inc. (A)	2,700		35,053
High Liner Foods, Inc.	1,773		14,774
Home Capital Group, Inc. (A)(B)	5,079		98,793
Horizon North Logistics, Inc.	8,109		6,059
Hudbay Minerals, Inc.	18,257		65,870
IAMGOLD Corp. (A)	35,827		122,231
Imperial Metals Corp. (A)	4,600		7,465
Innergex Renewable Energy, Inc.	7,800		90,019
Interfor Corp. (A)	3,520		37,197
International Petroleum Corp. (A)	5,324		18,566
International Tower Hill Mines, Ltd. (A)(B)	2,300		1,215
Intertape Polymer Group, Inc.	2,700		35,155
Ivanhoe Mines, Ltd., Class A (A)	24,771		64,318
Jamieson Wellness, Inc.	1,100		19,321
Just Energy Group, Inc. (B)	11,440		27,114
KAB Distribution, Inc. (A)(C)	7,076		0
K-Bro Linen, Inc.	600		16,462
Kelt Exploration, Ltd. (A)	10,445		27,436
Kinaxis, Inc. (A)	1,068		69,504
Knight Therapeutics, Inc. (A)	5,400		30,284
Labrador Iron Ore Royalty Corp.	3,218		59,825
Largo Resources, Ltd. (A)(B)	7,800		8,655
Lassonde Industries, Inc., Class A	200		27,389
Laurentian Bank of Canada (B)	2,714		92,245
Leon's Furniture, Ltd.	1,883		23,380
Linamar Corp.	2,766		89,921
Lucara Diamond Corp.	25,184		21,100
Lundin Gold, Inc. (A)	2,800		16,168
Magellan Aerospace Corp.	900		10,115
Major Drilling Group International, Inc. (A)	6,800		32,849
Maple Leaf Foods, Inc.	2,840		63,709
Martinrea International, Inc.	5,613		48,383
Medical Facilities Corp. (B)	2,104		12,752
MEG Energy Corp. (A)	13,888		60,800
Morguard Corp.	400		62,347
Morneau Shepell, Inc.	3,098		77,073
Mountain Province Diamonds, Inc. (A)	6,800		6,364
MTY Food Group, Inc.	1,342		64,221
Mullen Group, Ltd.	7,082		46,666
New Gold, Inc. (A)	28,915		29,027
NFI Group, Inc.	2,279		48,372

 

119

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Norbord, Inc.	2,572	$	61,657
North American Construction Group, Ltd.	2,100		24,204
Northland Power, Inc. (B)	4,359		83,636
NuVista Energy, Ltd. (A)	15,505		29,024
Obsidian Energy, Ltd. (A)(B)	6,789		5,637
Osisko Gold Royalties, Ltd.	7,523		69,901
Painted Pony Energy, Ltd. (A)(B)	7,448		3,823
Pan American Silver Corp.	11,185		175,181
Paramount Resources, Ltd., Class A (A)	5,173		25,146
Parex Resources, Inc. (A)	8,316		127,422
Park Lawn Corp.	1,182		23,054
Pason Systems, Inc.	5,636		68,703
Pengrowth Energy Corp. (A)(B)	37,750		7,408
Peyto Exploration & Development Corp. (B)	10,197		25,707
PHX Energy Services Corp. (A)	1,500		3,170
Pinnacle Renewable Energy, Inc.	1,400		11,360
Pizza Pizza Royalty Corp.	1,729		13,403
Polaris Infrastructure, Inc.	1,500		14,968
PolyMet Mining Corp. (A)(B)	11,854		3,803
PrairieSky Royalty, Ltd. (B)	5,827		81,279
Precision Drilling Corp. (A)	21,659		24,849
Premier Gold Mines, Ltd. (A)	4,127		5,825
Premium Brands Holdings Corp.	1,400		98,413
Pretium Resources, Inc. (A)	8,300		95,664
Pulse Seismic, Inc. (A)	2,882		4,677
Quarterhill, Inc. (B)	9,800		12,797
Questerre Energy Corp., Class A (A)(B)	19,444		3,082
Real Matters, Inc. (A)	3,500		29,166
Recipe Unlimited Corp. (B)	1,300		25,699
Reitmans Canada, Ltd., Class A	3,200		5,676
Richelieu Hardware, Ltd.	4,500		86,817
Rocky Mountain Dealerships, Inc.	100		542
Rogers Sugar, Inc.	6,474		26,339
Roxgold, Inc. (A)	19,200		15,217
Russel Metals, Inc.	3,846		61,456
Sabina Gold & Silver Corp. (A)	20,475		26,582
Sandstorm Gold, Ltd. (A)	12,031		68,017
Savaria Corp. (B)	2,300		20,885
Seabridge Gold, Inc. (A)	1,222		15,431
Secure Energy Services, Inc.	5,954		25,167
SEMAFO, Inc. (A)	27,678		88,789
Seven Generations Energy, Ltd., Class A (A)	3,292		20,922
ShawCor, Ltd.	4,173		48,066
Sienna Senior Living, Inc. (B)	3,606		51,851
Sierra Wireless, Inc. (A)	2,600		27,769
Sleep Country Canada Holdings, Inc. (B)(D)	2,813		43,760
Spin Master Corp. (A)(D)	700		21,388
Sprott, Inc. (B)	13,300		31,321
SSR Mining, Inc. (A)	6,762		98,047
Stantec, Inc.	4,578		101,315
Stella-Jones, Inc.	2,400		70,124
STEP Energy Services, Ltd. (A)(B)(D)	2,600		2,846
Storm Resources, Ltd. (A)(B)	2,200		2,192
Stuart Olson, Inc. (B)	1,600		3,345
SunOpta, Inc. (A)	5,608		10,244
Superior Plus Corp.	6,557		59,490
Surge Energy, Inc. (B)	21,600		18,423
Tamarack Valley Energy, Ltd. (A)	11,685		17,904
Taseko Mines, Ltd. (A)	16,100		6,805
Teranga Gold Corp. (A)	6,581		24,241
Tervita Corp. (A)	616		3,487

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
TFI International, Inc.	3,885	$	118,938
The Descartes Systems Group, Inc. (A)	3,600		145,321
The Intertain Group, Ltd. (A)	1,200		10,525
The North West Company, Inc.	1,606		34,306
Tidewater Midstream and Infrastructure, Ltd. (B)	6,650		5,672
Timbercreek Financial Corp. (B)	6,000		43,748
TLC Vision Corp. (A)	3,400		0
TMAC Resources, Inc. (A)(B)	2,100		7,038
TORC Oil & Gas, Ltd.	13,180		38,102
Torex Gold Resources, Inc. (A)	5,460		67,670
Total Energy Services, Inc.	3,132		16,194
TransAlta Corp.	24,882		161,892
TransAlta Renewables, Inc. (B)	6,998		71,995
Transcontinental, Inc., Class A	3,683		43,033
TransGlobe Energy Corp.	5,600		7,397
Trevali Mining Corp. (A)(B)	37,134		6,447
Trican Well Service, Ltd. (A)	26,009		19,828
Tricon Capital Group, Inc.	5,668		43,467
Uni-Select, Inc.	3,401		28,341
Valener, Inc.	3,089		60,598
Vecima Networks, Inc.	479		3,218
Wajax Corp.	1,300		15,818
Wesdome Gold Mines, Ltd. (A)	8,000		36,049
Western Forest Products, Inc.	25,850		23,414
Westshore Terminals Investment Corp. (B)	1,589		24,527
Whitecap Resources, Inc.	15,868		55,095
Winpak, Ltd.	1,577		52,243
Yamana Gold, Inc.	62,988		199,683
Yangarra Resources, Ltd. (A)	7,331		8,134
Yellow Pages, Ltd. (A)(B)	200		1,238
Zenith Capital Corp. (A)(C)	1,700		282
			9,587,598
China - 0.1%
FIH Mobile, Ltd. (A)(B)	195,000		23,885
Goodbaby International Holdings, Ltd. (A)(B)	71,000		10,692
Leyou Technologies Holdings, Ltd. (A)(B)	40,000		12,915
Microport Scientific Corp.	17		15
TK Group Holdings, Ltd.	26,000		11,875
Yangzijiang Shipbuilding Holdings, Ltd.	21,800		15,158
			74,540
Colombia - 0.0%
Frontera Energy Corp.	2,200		21,288
Denmark - 1.9%
ALK-Abello A/S (A)	491		100,898
Alm Brand A/S	2,824		22,191
Amagerbanken A/S (A)(C)	25,580		0
Ambu A/S, Class B (B)	6,056		100,166
Bang & Olufsen A/S (A)(B)	2,596		15,158
Bavarian Nordic A/S (A)	1,247		33,506
D/S Norden A/S	2,246		30,604
Dfds A/S (B)	1,797		65,187
FLSmidth & Company A/S	1,871		81,391
H+H International A/S, Class B (A)	1,146		17,154
ISS A/S	5,094		125,941
Jeudan A/S	76		12,535
Jyske Bank A/S (A)(B)	3,920		126,583
Lan & Spar Bank A/S	225		14,717
Matas A/S	2,910		21,452
Nilfisk Holding A/S (A)	903		20,923
NKT A/S (A)	2,134		41,385

 

120

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Denmark (continued)
NNIT A/S (B)(D)	479	$	5,909
Pandora A/S	3,050		122,399
Per Aarsleff Holding A/S	1,380		44,652
Ringkjoebing Landbobank A/S	1,650		103,509
Rockwool International A/S, A Shares	136		26,287
Rockwool International A/S, B Shares	258		51,587
Royal Unibrew A/S	2,303		189,744
Scandinavian Tobacco Group A/S (D)	2,633		30,800
Schouw & Company A/S	797		55,696
SimCorp A/S	2,671		234,590
Solar A/S, B Shares	410		17,232
Spar Nord Bank A/S	4,967		44,708
Sydbank A/S	3,740		65,941
Tivoli A/S	102		9,944
Topdanmark A/S	2,474		119,425
United International Enterprises	128		23,819
Vestjysk Bank A/S (A)	23,113		11,863
Zealand Pharma A/S (A)	1,273		32,416
			2,020,312
Finland - 2.3%
Adapteo OYJ (A)	1,982		22,692
Aktia Bank OYJ	2,328		21,357
Alma Media OYJ	1,962		14,963
Asiakastieto Group OYJ (D)	860		24,975
Atria OYJ	1,021		8,384
BasWare OYJ (A)	538		12,890
Bittium OYJ	2,708		19,122
Cargotec OYJ, B Shares	2,007		64,567
Caverion OYJ	3,325		20,419
Citycon OYJ	5,523		57,929
Cramo OYJ	1,982		21,202
Ferratum OYJ (B)	459		4,795
Finnair OYJ	4,081		28,526
Fiskars OYJ ABP	3,218		43,537
F-Secure OYJ (A)	7,159		21,760
HKScan OYJ, A Shares (A)	316		565
Huhtamaki OYJ	5,823		231,991
Ilkka-Yhtyma OYJ	1,535		6,102
Kemira OYJ	7,709		113,383
Kesko OYJ, A Shares	690		39,870
Kesko OYJ, B Shares	2,935		185,387
Konecranes OYJ	3,667		117,524
Lassila & Tikanoja OYJ	1,929		28,496
Lehto Group OYJ	1,159		2,731
Metsa Board OYJ	10,846		64,449
Metso OYJ	6,038		225,322
Nokian Renkaat OYJ	5,405		152,348
Olvi OYJ, A Shares	1,172		48,739
Oriola OYJ, B Shares	9,290		21,119
Orion OYJ, Class A	1,226		45,372
Orion OYJ, Class B	5,385		200,661
Outokumpu OYJ	19,116		50,343
Outotec OYJ (A)	6,904		40,448
Pihlajalinna OYJ	1,193		13,528
Ponsse OYJ	543		16,623
QT Group OYJ (A)	770		11,744
Raisio OYJ, V Shares	8,267		29,360
Revenio Group OYJ	643		13,565
Sanoma OYJ	4,094		45,665
Stockmann OYJ ABP, B Shares (A)	2,666		6,665
Tieto OYJ	2,544		65,130
Tikkurila OYJ	2,646		39,051
Tokmanni Group Corp.	3,550		39,470
Uponor OYJ	2,026		21,539
Vaisala OYJ, A Shares	952		26,294

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Finland (continued)
Valmet OYJ	6,664	$	129,277
YIT OYJ	10,171		58,532
			2,478,411
France - 4.3%
Air France-KLM (A)	11,018		115,291
AKWEL	725		13,435
Albioma SA	1,912		49,978
Altamir	752		13,437
Alten SA	1,582		180,609
Altran Technologies SA	13,470		211,482
Assystem SA	1,078		41,744
Aubay	399		14,757
Axway Software SA	531		6,136
Bastide le Confort Medical (B)	256		10,815
Beneteau SA	2,839		29,844
Boiron SA	274		9,713
Bonduelle SCA	1,027		26,204
Burelle SA	15		13,894
Casino Guichard Perrachon SA (B)	2,995		143,010
Cegedim SA (A)	186		5,273
CGG SA (A)	29,813		66,652
Chargeurs SA	2,228		39,039
Cie des Alpes	874		24,381
Cie Plastic Omnium SA	3,159		86,733
Coface SA	7,024		79,776
Derichebourg SA	6,625		23,129
Devoteam SA (B)	277		23,175
Electricite de Strasbourg SA	81		9,440
Elior Group SA (D)	4,760		63,216
Elis SA	6,449		113,980
Eramet	445		22,029
Etablissements Maurel et Prom SA (B)	1,561		4,748
Europcar Mobility Group (B)(D)	5,117		28,378
Eutelsat Communications SA	9,105		169,372
Exel Industries SA, A Shares	89		3,959
Fnac Darty SA (A)	1,390		87,800
Gaztransport Et Technigaz SA	1,087		107,546
GL Events	1,085		27,141
Groupe Crit	163		11,752
Groupe Open	410		5,234
Guerbet	508		25,701
Haulotte Group SA	962		6,219
ID Logistics Group (A)	176		31,021
Imerys SA	1,325		53,220
Ingenico Group SA	3,076		299,805
IPSOS	2,286		65,120
Jacquet Metal Service SA	1,278		21,592
JCDecaux SA (B)	685		18,536
Kaufman & Broad SA	901		35,888
Korian SA	3,163		130,026
Lagardere SCA	3,040		67,235
Latecoere SACA (A)	5,397		22,569
Laurent-Perrier	110		10,721
Lectra	1,346		26,542
LISI	1,205		33,365
LNA Sante SA	511		26,116
Maisons du Monde SA (D)	1,925		30,405
Manitou BF SA	880		17,261
Manutan International	105		7,626
Mersen SA	1,171		36,492
Metropole Television SA	1,324		21,712
Nexans SA	2,031		74,946
Nexity SA	2,361		112,390
Nicox (A)	3,009		16,350
NRJ Group	782		5,623

 

121

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Onxeo SA (A)(B)	4,617	$	3,040
Pierre & Vacances SA (A)	142		2,402
Plastivaloire (B)	383		2,565
Quadient SAS	2,721		56,320
Rallye SA	1,771		14,529
Recylex SA (A)(B)	1,058		5,121
Rexel SA	15,736		168,307
Robertet SA	28		22,384
Rothschild & Company	1,372		39,367
Rubis SCA	5,042		292,851
Savencia SA	372		26,147
Seche Environnement SA	335		13,293
Societe BIC SA (B)	1,252		84,048
Societe pour l'Informatique Industrielle	438		11,803
SOITEC (A)	1,176		116,159
Solocal Group (A)(B)	36,459		29,011
Somfy SA	407		36,816
Sopra Steria Group	705		87,800
SPIE SA	7,967		159,422
Stef SA	202		18,713
Synergie SA	557		16,024
Tarkett SA	1,942		28,717
Technicolor SA (A)	18,529		16,023
Television Francaise 1	3,803		33,382
Thermador Groupe (B)	453		27,210
Trigano SA	463		37,197
Vallourec SA (A)	19,754		52,272
Vetoquinol SA	56		3,587
Vicat SA	1,404		60,886
VIEL & Cie SA	6,040		32,262
Vilmorin & Cie SA	614		31,291
Virbac SA (A)	180		41,189
			4,649,721
Gabon - 0.0%
Total Gabon	20		3,005
Georgia - 0.1%
Bank of Georgia Group PLC	2,491		41,041
Georgia Capital PLC (A)	2,491		31,270
			72,311
Germany - 5.9%
Aareal Bank AG	2,902		88,205
ADLER Real Estate AG (A)	1,638		20,636
ADO Properties SA (D)	1,427		58,794
ADVA Optical Networking SE (A)	5,162		35,895
AIXTRON SE (A)	3,257		33,249
Allgeier SE (B)	498		11,615
Amadeus Fire AG	408		45,129
Atoss Software AG	109		15,032
Aurubis AG	2,018		89,950
Basler AG	162		7,323
Bauer AG	959		15,046
BayWa AG	1,025		28,978
Bechtle AG	1,408		143,301
Bertrandt AG	394		17,748
bet-at-home.com AG	350		17,842
Bijou Brigitte AG	340		15,017
Bilfinger SE	2,311		67,448
Borussia Dortmund GmbH & Company KGaA	3,564		35,852
CANCOM SE	2,262		121,867
CECONOMY AG (A)	8,144		44,045
CENIT AG	446		6,611
CENTROTEC Sustainable AG	291		4,442
Cewe Stiftung & Company KGAA	503		42,252

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
comdirect bank AG	2,610	$	33,682
CompuGroup Medical SE	1,368		82,335
CropEnergies AG	1,544		10,596
CTS Eventim AG & Company KGaA	3,354		188,960
Deutsche Beteiligungs AG	854		32,282
Deutsche EuroShop AG	2,527		71,279
Deutsche Pfandbriefbank AG (D)	7,700		93,877
Deutz AG	10,600		61,455
DIC Asset AG	3,005		38,461
DMG Mori AG	714		33,071
Dr. Hoenle AG (B)	420		22,883
Draegerwerk AG & Company KGaA	82		2,890
Duerr AG (B)	3,200		83,044
Eckert & Ziegler Strahlen- und Medizintechnik AG	402		68,194
Elmos Semiconductor AG	1,271		33,683
ElringKlinger AG (A)(B)	2,576		17,847
Evotec SE (A)	4,831		107,453
Fielmann AG	1,241		91,357
First Sensor AG	676		23,622
Freenet AG	6,277		129,176
FUCHS PETROLUB SE (B)	1,085		39,407
GEA Group AG	6,434		173,576
Gerresheimer AG	1,930		138,381
Gesco AG	885		19,485
GFT Technologies SE	961		7,145
H&R GmbH & Company KGaA (A)	1,324		8,786
Hamburger Hafen und Logistik AG	1,330		33,123
Heidelberger Druckmaschinen AG (A)(B)	18,003		22,175
Hella GmbH & Company KGaA	2,112		94,407
Hornbach Baumarkt AG	921		17,762
HUGO BOSS AG	3,312		177,321
Indus Holding AG	975		39,848
Isra Vision AG	561		23,541
Jenoptik AG	3,695		91,547
K+S AG	10,944		151,617
Kloeckner & Company SE	5,538		33,581
Koenig & Bauer AG	912		35,637
Krones AG	775		46,817
KWS Saat SE & Company KGaA	381		25,040
LANXESS AG	4,224		257,984
Leifheit AG	437		10,166
Leoni AG (A)(B)	2,398		30,256
LPKF Laser & Electronics AG (A)	1,100		15,223
Manz AG (A)(B)	233		4,526
Medigene AG (A)(B)	760		5,058
METRO AG	3,100		48,907
MLP SE	5,864		30,422
Nemetschek SE	3,018		153,780
New Work SE	163		44,430
Nexus AG	866		29,763
Nordex SE (A)	4,553		49,551
Norma Group SE	1,379		47,822
OHB SE	399		14,303
OSRAM Licht AG (B)	4,525		199,055
Paragon GmbH & Company KGaA	209		2,864
PATRIZIA AG	3,146		58,461
Pfeiffer Vacuum Technology AG	311		42,246
PNE AG	4,544		18,467
ProSiebenSat.1 Media SE (B)	8,224		113,289
PSI Software AG	815		16,634
QSC AG	6,549		8,919
Rheinmetall AG	2,634		333,183
RHOEN-KLINIKUM AG	2,065		46,242
RIB Software SE	2,883		66,737

 

122

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Rocket Internet SE (A)(D)	4,038	$	104,286
SAF-Holland SA	4,007		28,318
Salzgitter AG	1,978		33,223
Scout24 AG (D)	3,068		174,716
SGL Carbon SE (A)(B)	1,013		4,806
Siltronic AG	776		59,067
Sixt SE	694		66,473
SMA Solar Technology AG (A)	916		25,986
Software AG	2,120		58,204
STRATEC SE	407		31,855
Stroeer SE & Company KGaA	2,113		160,883
Suedzucker AG	3,535		54,372
SUESS MicroTec SE (A)	2,259		20,409
Surteco Group SE	496		11,027
TAG Immobilien AG (A)	6,907		157,622
Takkt AG	2,476		32,811
Technotrans SE	530		12,765
Tele Columbus AG (A)(D)	1,029		1,976
TLG Immobilien AG	4,368		118,771
Traffic Systems SE	106		2,517
VERBIO Vereinigte BioEnergie AG	1,482		13,661
Vossloh AG	859		35,399
Wacker Chemie AG (B)	759		49,879
Wacker Neuson SE	2,553		44,492
Washtec AG	611		31,456
Wuestenrot & Wuerttembergische AG	1,566		30,728
			6,385,610
Gibraltar - 0.0%
888 Holdings PLC	12,231		23,161
Greece - 0.0%
Alapis Holding Industrial & Commercial SA of Pharmaceutical Chemical Products (A)(C)	3,303		66
TT Hellenic Postbank SA (A)(C)	12,594		0
			66
Guernsey, Channel Islands - 0.0%
Raven Property Group, Ltd. (A)	5,635		2,998
Hong Kong - 2.4%
Agritrade Resources, Ltd.	130,000		15,253
Allied Group, Ltd.	6,000		30,620
Allied Properties HK, Ltd.	160,000		33,481
APAC Resources, Ltd.	15,396		2,220
APT Satellite Holdings, Ltd.	32,250		13,036
Asia Financial Holdings, Ltd.	14,000		7,506
Associated International Hotels, Ltd.	28,000		77,517
BOE Varitronix, Ltd.	18,000		4,851
Bright Smart Securities & Commodities Group, Ltd. (B)	26,000		4,315
Brightoil Petroleum Holdings, Ltd. (A)(C)	117,000		12,875
Brockman Mining, Ltd. (A)	740,840		14,223
Burwill Holdings, Ltd. (A)(C)	292,000		2,645
Cafe de Coral Holdings, Ltd.	18,000		48,201
Camsing International Holding, Ltd. (C)	16,000		2,368
Chen Hsong Holdings	10,000		3,508
Cheuk Nang Holdings, Ltd.	3,332		1,620
China Energy Development Holdings, Ltd. (A)	634,000		14,373
China Medical & HealthCare Group, Ltd. (A)	200,000		3,882
China Shandong Hi-Speed Financial Group, Ltd. (A)(B)	438,000		13,963
China Solar Energy Holdings, Ltd. (A)(C)	42,500		0

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Strategic Holdings, Ltd. (A)(B)	885,000	$	4,176
Chinese Estates Holdings, Ltd.	22,000		15,689
Chong Hing Bank, Ltd.	10,000		16,951
Chow Sang Sang Holdings International, Ltd.	22,000		23,631
Chuang's Consortium International, Ltd.	30,948		6,396
CITIC Telecom International Holdings, Ltd.	59,000		21,443
CK Life Sciences International Holdings, Inc.	282,000		12,793
CP Lotus Corp. (A)	220,000		2,946
CSI Properties, Ltd.	245,066		8,130
CST Group, Ltd. (A)	2,210,240		7,053
Dah Sing Banking Group, Ltd.	18,000		24,213
Dah Sing Financial Holdings, Ltd.	6,520		24,140
EganaGoldpfeil Holdings, Ltd. (A)(C)	103,373		0
Emperor Capital Group, Ltd.	192,000		5,868
Emperor Entertainment Hotel, Ltd.	40,000		7,797
Emperor International Holdings, Ltd.	97,333		21,482
Esprit Holdings, Ltd. (A)(B)	117,900		22,405
Fairwood Holdings, Ltd.	3,500		9,895
Far East Consortium International, Ltd.	79,809		33,786
First Pacific Company, Ltd.	146,000		55,893
Freeman FinTech Corp., Ltd. (A)	32,000		665
Get Nice Holdings, Ltd.	591,000		18,171
Giordano International, Ltd.	82,000		23,848
Global Brands Group Holding, Ltd.	30,400		2,437
Gold-Finance Holdings, Ltd. (A)(C)	62,000		570
Great Eagle Holdings, Ltd.	10,000		34,217
G-Resources Group, Ltd. (A)	2,014,800		13,607
Guotai Junan International Holdings, Ltd.	207,000		35,137
Haitong International Securities Group, Ltd.	114,070		32,332
Hang Fung Gold Technology, Ltd. (A)(C)	90,000		0
Hang Lung Group, Ltd.	8,000		19,935
Hanison Construction Holdings, Ltd.	27,441		3,923
Harbour Centre Development, Ltd.	38,000		62,665
HKBN, Ltd.	36,000		66,344
HKR International, Ltd.	51,920		20,596
Hong Kong Ferry Holdings Company, Ltd. (B)	29,000		26,263
Hong Kong Television Network, Ltd. (A)(B)	23,000		8,419
Hongkong Chinese, Ltd.	66,000		7,653
Hsin Chong Group Holdings, Ltd. (A)(B)(C)	170,000		7,592
Hutchison Port Holdings Trust	161,400		25,215
Hutchison Telecommunications Hong Kong Holdings, Ltd.	80,000		13,475
Hysan Development Company, Ltd.	9,000		36,294
IT, Ltd.	44,601		12,426
Johnson Electric Holdings, Ltd.	20,500		36,736
Kerry Logistics Network, Ltd.	24,000		38,385
Kingston Financial Group, Ltd.	38,000		5,525
Kowloon Development Company, Ltd.	22,000		26,221
Lai Sun Development Company, Ltd.	15,320		17,832
Landing International Development, Ltd. (A)	75,600		9,930
Langham Hospitality Investments and Langham Hospitality Investments, Ltd.	22,500		6,233
Li & Fung, Ltd.	322,000		36,608
Lifestyle International Holdings, Ltd.	25,000		26,049
Lippo China Resources, Ltd.	36,000		845
Liu Chong Hing Investment, Ltd.	16,000		21,199
Luk Fook Holdings International, Ltd.	15,000		37,684

 

123

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Man Wah Holdings, Ltd. (B)	50,800	$	31,647
Mandarin Oriental International, Ltd.	8,000		12,483
Mason Group Holdings, Ltd.	1,548,800		21,935
Melco International Development, Ltd.	33,000		78,396
Midland Holdings, Ltd. (A)	34,734		4,350
Miramar Hotel & Investment	15,000		28,053
Nameson Holdings, Ltd.	62,000		3,360
NewOcean Energy Holdings, Ltd. (A)	66,000		12,459
NOVA Group Holdings, Ltd.	60,000		15,881
OP Financial, Ltd.	32,000		6,408
Oshidori International Holdings, Ltd. (B)	204,000		23,178
Pacific Andes International Holdings, Ltd. (A)(C)	328,006		0
Pacific Basin Shipping, Ltd.	294,000		59,996
Pacific Textiles Holdings, Ltd.	42,000		28,232
Paliburg Holdings, Ltd.	46,000		15,121
Paradise Entertainment, Ltd.	52,000		5,852
Peace Mark Holdings, Ltd. (A)(C)	164,000		0
Perfect Shape Medical, Ltd.	32,000		10,980
Pico Far East Holdings, Ltd.	60,000		18,976
Playmates Holdings, Ltd.	78,000		10,153
Playmates Toys, Ltd. (A)	8,000		505
Polytec Asset Holdings, Ltd.	152,200		18,252
Public Financial Holdings, Ltd.	24,000		9,154
PYI Corp., Ltd. (A)	372,000		4,319
Regal Hotels International Holdings, Ltd.	36,000		19,014
Regina Miracle International Holdings, Ltd. (D)	17,000		11,834
Sa Sa International Holdings, Ltd.	61,568		13,670
SEA Holdings, Ltd.	19,268		19,664
Shangri-La Asia, Ltd. (B)	16,000		16,308
Shenwan Hongyuan HK, Ltd.	20,000		2,987
Shun Tak Holdings, Ltd.	80,250		31,907
Singamas Container Holdings, Ltd.	114,000		13,658
SITC International Holdings Company, Ltd.	64,000		65,933
Sitoy Group Holdings, Ltd.	14,000		2,217
SmarTone Telecommunications Holdings, Ltd.	31,500		27,380
SOCAM Development, Ltd. (A)	3,892		975
South China Holdings Company, Ltd. (A)	640,000		16,164
Stella International Holdings, Ltd.	20,000		31,142
Summit Ascent Holdings, Ltd. (A)	90,000		14,359
Sun Hung Kai & Company, Ltd.	45,000		19,472
SUNeVision Holdings, Ltd.	18,000		13,450
TAI Cheung Holdings, Ltd.	33,000		26,482
Tao Heung Holdings, Ltd.	14,000		2,371
Television Broadcasts, Ltd.	19,100		31,156
Texwinca Holdings, Ltd.	60,000		13,771
The Cross-Harbour Holdings, Ltd.	19,716		29,097
The Hongkong & Shanghai Hotels, Ltd. (B)	31,500		30,624
The United Laboratories International Holdings, Ltd.	42,000		22,047
TOM Group, Ltd. (A)	96,000		17,774
Town Health International Medical Group, Ltd. (B)(C)	261,361		12,080
Tradelink Electronic Commerce, Ltd.	50,000		7,323
Transport International Holdings, Ltd.	11,200		28,185
Trinity, Ltd. (A)	74,000		2,309
Upbest Group, Ltd.	164,000		20,312
Victory City International Holdings, Ltd. (A)	11,306		569
VSTECS Holdings, Ltd. (B)	45,200		23,386

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
VTech Holdings, Ltd.	6,900	$	60,220
Wai Kee Holdings, Ltd.	24,000		13,719
We Solutions, Ltd. (A)(B)	56,000		3,389
Wing On Company International, Ltd.	4,000		11,492
Wing Tai Properties, Ltd.	70,000		42,960
Xinyi Glass Holdings, Ltd.	42,000		46,263
YT Realty Group, Ltd. (B)	9,152		2,651
			2,554,179
Ireland - 0.4%
C&C Group PLC	13,557		61,337
Cairn Homes PLC	9,684		11,883
FBD Holdings PLC	778		7,717
Glanbia PLC	5,573		69,232
Grafton Group PLC	14,783		138,059
Greencore Group PLC	23,830		66,061
Hostelworld Group PLC (D)	3,022		4,228
Irish Continental Group PLC	3,120		14,214
UDG Healthcare PLC	8,747		80,665
			453,396
Isle of Man - 0.1%
Hansard Global PLC	6,816		3,736
Playtech PLC	12,183		63,834
Strix Group PLC	6,042		12,631
			80,201
Israel - 1.2%
ADO Group, Ltd. (A)	940		25,778
AFI Properties, Ltd. (A)	558		19,473
Airport City, Ltd. (A)	2,583		50,322
Allot, Ltd. (A)	2,103		17,046
Alony Hetz Properties & Investments, Ltd.	983		14,424
Alrov Properties and Lodgings, Ltd.	399		16,936
Ashtrom Group, Ltd.	1,149		11,753
Ashtrom Properties, Ltd.	2,078		13,293
AudioCodes, Ltd.	1,955		39,760
Bayside Land Corp.	50		31,952
Bet Shemesh Engines Holdings 1997, Ltd.	358		13,056
Big Shopping Centers, Ltd.	381		34,754
Blue Square Real Estate, Ltd.	215		10,239
Cellcom Israel, Ltd. (A)	1,966		5,522
Cellcom Israel, Ltd. (New York Stock Exchange) (A)	825		2,294
Clal Biotechnology Industries, Ltd. (A)	3,950		1,963
Clal Insurance Enterprises Holdings, Ltd. (A)	1,967		29,767
Compugen, Ltd. (A)	1,251		5,217
Delek Automotive Systems, Ltd.	1,858		7,469
Delta Galil Industries, Ltd.	618		15,402
Direct Insurance Financial Investments, Ltd.	919		10,812
El Al Israel Airlines (A)	24,289		7,087
Electra, Ltd.	139		44,124
Energix-Renewable Energies, Ltd. (A)	4,212		10,148
Equital, Ltd. (A)	992		29,991
First International Bank of Israel, Ltd.	787		20,955
Formula Systems 1985, Ltd.	549		34,872
Fox Wizel, Ltd.	488		17,362
Gilat Satellite Networks, Ltd.	1,452		12,342
Hadera Paper, Ltd.	244		11,300
Harel Insurance Investments & Financial Services, Ltd.	7,935		69,261
Hilan, Ltd.	1,033		42,110
IDI Insurance Company, Ltd.	440		16,947

 

124

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Industrial Buildings Corp., Ltd. (A)	8,157	$	18,821
Inrom Construction Industries, Ltd.	2,183		8,687
Intercure, Ltd. (A)	3,504		5,286
Israel Discount Bank, Ltd., Class A	1		4
Kamada, Ltd. (A)	1,616		8,301
Magic Software Enterprises, Ltd.	1,349		12,199
Matrix IT, Ltd.	2,095		35,606
Maytronics, Ltd.	1,808		15,389
Mediterranean Towers, Ltd.	4,044		10,710
Mega Or Holdings, Ltd.	757		16,247
Mehadrin, Ltd. (A)	15		608
Menora Mivtachim Holdings, Ltd.	1,766		26,709
Migdal Insurance & Financial Holding, Ltd.	27,734		29,569
Mivtach Shamir Holdings, Ltd.	397		7,689
Naphtha Israel Petroleum Corp., Ltd.	2,030		11,319
Nova Measuring Instruments, Ltd. (A)	1,872		60,355
Oil Refineries, Ltd. (A)	102,102		53,961
Partner Communications Company, Ltd. (A)	6,688		32,564
Paz Oil Company, Ltd.	525		76,953
Plus500, Ltd.	1,136		10,676
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.	449		25,445
Redhill Biopharma, Ltd. (A)	22,470		16,372
Scope Metals Group, Ltd.	377		8,798
Shapir Engineering and Industry, Ltd.	7,076		35,555
Shikun & Binui, Ltd.	10,724		40,888
Summit Real Estate Holdings, Ltd.	2,363		28,007
The Phoenix Holdings, Ltd.	2,821		17,927
			1,308,376
Italy - 4.1%
A2A SpA	88,577		162,554
ACEA SpA	4,062		81,097
Amplifon SpA	5,240		128,557
Anima Holding SpA (D)	9,128		34,767
Aquafil SpA (B)	969		7,456
Arnoldo Mondadori Editore SpA (A)	12,613		22,217
Ascopiave SpA	7,647		32,291
Autogrill SpA	6,245		60,479
Avio SpA	877		11,374
Azimut Holding SpA	7,499		140,731
Banca Farmafactoring SpA (D)	8,151		42,478
Banca Generali SpA	3,249		100,202
Banca IFIS SpA	1,607		26,786
Banca Popolare di Sondrio SCPA	28,436		52,047
Banca Profilo SpA	24,032		4,346
Banco BPM SpA (A)(B)	97,273		198,493
BF SpA (A)(B)	1,608		5,294
Biesse SpA	835		9,663
BPER Banca (B)	26,394		101,978
Brunello Cucinelli SpA	1,411		43,949
Buzzi Unicem SpA	4,611		105,737
Cairo Communication SpA	4,712		12,066
Cementir Holding SpA	4,165		27,913
Cerved Group SpA	12,425		108,358
CIR-Compagnie Industriali Riunite SpA	30,338		30,751
Credito Emiliano SpA	6,238		33,622
Credito Valtellinese SpA (A)	504,336		34,355
Danieli & C Officine Meccaniche SpA	788		13,930
Datalogic SpA	984		14,126
De' Longhi SpA	2,476		46,686
DeA Capital SpA (A)	4,665		6,872
DiaSorin SpA	357		41,519
doValue SpA (D)	812		9,011

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
El.En. SpA	617	$	16,099
Enav SpA (D)	13,939		78,666
ERG SpA	2,242		45,208
Esprinet SpA	3,554		14,295
Eurotech SpA (A)(B)	1,562		12,288
Falck Renewables SpA	9,073		38,396
Fincantieri SpA (B)	18,635		19,783
FinecoBank Banca Fineco SpA (B)	1,735		18,356
Freni Brembo SpA (B)	9,683		94,403
GEDI Gruppo Editoriale SpA (A)	18,304		4,957
Geox SpA	8,390		11,723
Gruppo MutuiOnline SpA	2,096		37,679
Hera SpA	55,199		226,520
IMA Industria Macchine Automatiche SpA	816		57,103
IMMSI SpA (A)	6,756		4,404
Infrastrutture Wireless Italiane SpA (D)	3,185		33,048
Interpump Group SpA	4,044		127,810
Iren SpA	30,720		89,591
Italgas SpA	28,535		184,142
Italmobiliare SpA	1,654		37,841
Juventus Football Club SpA (A)(B)	23,150		33,841
La Doria SpA (B)	1,205		11,831
Leonardo SpA	3,450		40,555
Maire Tecnimont SpA (B)	10,323		25,959
MARR SpA	1,645		36,023
Mediaset SpA (A)(B)	18,917		55,707
OVS SpA (A)(B)(D)	9,134		16,955
Piaggio & C SpA	11,658		34,486
Prima Industrie SpA (B)	178		2,344
Prysmian SpA	4,674		100,363
RAI Way SpA (D)	5,678		32,985
Reno de Medici SpA (B)	15,969		12,160
Reply SpA	832		48,844
Retelit SpA (B)	7,126		11,654
SAES Getters SpA (B)	213		5,387
Safilo Group SpA (A)	2,378		2,447
Saipem SpA (A)(B)	41,655		188,264
Salini Impregilo SpA (A)(B)	14,544		31,737
Salvatore Ferragamo SpA	2,944		54,395
Saras SpA	28,012		47,909
Sesa SpA	320		13,984
Societa Cattolica di Assicurazioni SC	11,261		95,797
Societa Iniziative Autostradali e Servizi SpA	2,805		48,914
Sogefi SpA (A)	3,551		4,800
SOL SpA	2,802		32,555
Tamburi Investment Partners SpA	5,435		36,753
Technogym SpA (D)	3,895		43,296
Tinexta SpA	1,069		13,948
Tod's SpA	590		29,003
Unieuro SpA (D)	707		9,037
Unione di Banche Italiane SpA (B)	63,162		177,221
Unipol Gruppo SpA	23,441		124,818
UnipolSai Assicurazioni SpA	18,184		48,354
Zignago Vetro SpA	1,669		18,554
			4,394,897
Japan - 23.5%
Access Company, Ltd.	2,300		16,581
Achilles Corp.	1,000		15,662
Adastria Company, Ltd.	920		20,737
ADEKA Corp.	4,700		58,638
Advan Company, Ltd.	1,000		10,704
Aeon Delight Company, Ltd.	800		25,149
Aeon Fantasy Company, Ltd.	400		11,011

 

125

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Aeria, Inc. (A)	700	$	8,482
Ai Holdings Corp.	1,900		32,578
Aica Kogyo Company, Ltd.	400		11,846
Aichi Corp.	3,200		20,512
Aichi Steel Corp.	700		19,966
Aida Engineering, Ltd.	4,500		36,623
Aiful Corp. (A)	15,500		36,293
Ain Holdings, Inc.	300		17,491
Aiphone Company, Ltd.	1,300		19,179
Airport Facilities Company, Ltd.	1,200		5,901
Aisan Industry Company, Ltd.	2,500		21,338
Aizawa Securities Company, Ltd.	2,400		15,030
Akatsuki, Inc.	400		24,795
Akebono Brake Industry Company, Ltd. (A)	9,400		17,536
Albis Company, Ltd.	500		10,847
Alconix Corp.	1,600		18,723
Alpen Company, Ltd.	1,100		17,363
Alpha Systems, Inc.	840		21,128
Altech Corp.	1,100		15,647
Amano Corp.	1,300		39,756
Anest Iwata Corp.	1,800		15,919
AOI TYO Holdings, Inc.	1,200		6,962
AOKI Holdings, Inc.	3,100		29,897
Aoyama Trading Company, Ltd.	2,500		43,633
Arakawa Chemical Industries, Ltd.	1,400		19,115
Arata Corp.	700		25,794
Arcland Sakamoto Company, Ltd.	2,400		28,002
Arcland Service Holdings Company, Ltd.	1,000		17,985
Arcs Company, Ltd.	2,625		55,195
Arealink Company, Ltd.	500		5,347
Argo Graphics, Inc.	1,000		24,134
Arisawa Manufacturing Company, Ltd. (B)	2,900		27,434
Arrk Corp. (A)	4,200		3,669
As One Corp.	400		33,202
Asahi Company, Ltd.	800		8,816
Asahi Diamond Industrial Company, Ltd.	3,900		22,378
Asahi Holdings, Inc.	1,800		37,156
ASAHI YUKIZAI Corp.	1,200		14,449
Asanuma Corp.	700		24,921
Asia Pile Holdings Corp.	3,300		15,812
ASKA Pharmaceutical Company, Ltd.	1,600		16,105
ASKUL Corp.	1,000		27,073
Ateam, Inc. (B)	800		8,376
Atom Corp. (B)	5,000		45,127
Atrae, Inc. (A)	700		20,820
Atsugi Company, Ltd.	1,200		9,282
Autobacs Seven Company, Ltd.	3,000		49,198
Avex, Inc.	2,500		29,389
Axell Corp. (A)	100		560
Axial Retailing, Inc.	800		29,157
Bando Chemical Industries, Ltd.	2,500		19,171
Bank of the Ryukyus, Ltd.	3,000		31,063
BayCurrent Consulting, Inc.	900		39,846
Belc Company, Ltd.	500		24,494
Bell System24 Holdings, Inc.	2,400		36,859
Belluna Company, Ltd.	5,000		31,844
BML, Inc.	1,000		26,991
Bourbon Corp.	500		7,847
Broadleaf Company, Ltd.	4,600		24,889
BRONCO BILLY Company, Ltd. (B)	600		12,900
Bunka Shutter Company, Ltd.	5,000		42,907
C Uyemura & Company, Ltd.	400		21,149
CAC Holdings Corp.	1,500		18,086

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Can Do Company, Ltd.	900	$	13,536
Canon Electronics, Inc.	1,700		28,946
Carlit Holdings Company, Ltd.	2,100		11,112
Cawachi, Ltd.	900		17,392
Central Automotive Products, Ltd. (B)	1,200		22,684
Central Glass Company, Ltd.	2,800		59,103
Central Security Patrols Company, Ltd. (B)	300		15,346
Central Sports Company, Ltd.	600		17,531
Chilled & Frozen Logistics Holdings Company, Ltd.	1,600		18,384
Chino Corp.	400		5,080
Chiyoda Company, Ltd.	800		12,566
Chiyoda Integre Company, Ltd.	800		15,869
Chofu Seisakusho Company, Ltd.	1,700		37,837
Chori Company, Ltd.	1,200		18,976
Chubu Shiryo Company, Ltd.	2,000		21,721
Chudenko Corp.	1,900		41,242
Chuetsu Pulp & Paper Company, Ltd.	500		6,932
Chugai Ro Company, Ltd.	500		6,923
Chugoku Marine Paints, Ltd.	4,000		32,885
CI Takiron Corp.	3,000		17,475
Citizen Watch Company, Ltd.	16,000		78,496
CKD Corp.	3,300		39,679
Cleanup Corp.	2,100		10,518
CMIC Holdings Company, Ltd.	1,200		19,120
CMK Corp.	3,700		19,922
cocokara fine, Inc.	1,140		61,588
COLOPL, Inc.	3,000		49,600
Colowide Company, Ltd.	2,700		50,066
Computer Engineering & Consulting, Ltd.	1,800		33,867
Comture Corp.	1,000		18,938
CONEXIO Corp.	1,300		16,390
Corona Corp.	300		2,945
Cosel Company, Ltd. (B)	1,200		11,434
Cosmo Energy Holdings Company, Ltd.	1,400		28,991
Cota Company, Ltd.	400		4,651
Create Restaurants Holdings, Inc.	2,500		40,831
Create SD Holdings Company, Ltd.	900		21,066
CTS Company, Ltd.	1,900		12,635
Cybozu, Inc.	900		8,472
Dai Nippon Toryo Company, Ltd.	1,200		11,794
Daibiru Corp.	3,400		34,943
Dai-Dan Company, Ltd.	1,000		20,134
Daido Metal Company, Ltd.	1,900		11,264
Daido Steel Company, Ltd.	800		31,600
Daidoh, Ltd.	2,000		5,116
Daihen Corp.	1,400		42,589
Daiho Corp.	1,200		31,809
Daiichi Jitsugyo Company, Ltd.	400		11,530
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	1,800		13,283
Dai-ichi Seiko Company, Ltd. (B)	500		12,215
Daiken Corp.	1,000		17,417
Daiken Medical Company, Ltd.	400		1,907
Daiki Aluminium Industry Company, Ltd.	3,000		19,773
Daikoku Denki Company, Ltd.	800		11,499
Daikokutenbussan Company, Ltd.	300		9,479
Daikyonishikawa Corp.	1,900		14,031
Dainichiseika Color & Chemicals Manufacturing Company, Ltd.	1,000		29,550
Daio Paper Corp.	3,600		45,974
Daiseki Company, Ltd.	1,800		46,306

 

126

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Daishi Hokuetsu Financial Group, Inc.	2,700	$	68,361
Daito Pharmaceutical Company, Ltd.	700		19,627
Daiwa Industries, Ltd.	2,000		20,565
Daiwabo Holdings Company, Ltd.	800		33,346
DCM Holdings Company, Ltd. (B)	6,500		63,853
Denki Kogyo Company, Ltd.	1,000		28,389
Densan System Company, Ltd.	700		18,802
Denyo Company, Ltd.	900		14,704
Descente, Ltd.	2,300		30,553
Dexerials Corp.	3,500		26,046
Digital Arts, Inc.	400		26,533
Digital Hearts Holdings Company, Ltd.	900		7,745
Dip Corp. (B)	1,900		46,342
DKS Company, Ltd.	400		10,609
DMG Mori Company, Ltd.	2,900		41,448
Doshisha Company, Ltd.	1,700		26,903
Doutor Nichires Holdings Company, Ltd.	2,300		45,695
Dowa Holdings Company, Ltd.	1,000		34,339
DTS Corp.	1,800		37,633
Duskin Company, Ltd.	2,100		54,306
DyDo Group Holdings, Inc.	700		28,605
Eagle Industry Company, Ltd.	2,200		20,196
Earth Corp.	500		25,711
EDION Corp.	5,000		48,331
eGuarantee, Inc.	2,400		33,222
E-Guardian, Inc.	900		13,769
Eiken Chemical Company, Ltd.	1,800		27,274
Eizo Corp.	800		28,045
Elan Corp.	1,400		23,014
Elecom Company, Ltd.	800		31,447
Elematec Corp.	1,400		12,915
EM Systems Company, Ltd.	1,000		18,823
Enigmo, Inc. (A)	2,400		21,664
en-japan, Inc.	1,100		42,493
Enplas Corp.	1,100		35,781
EPS Holdings, Inc.	1,800		21,445
eRex Company, Ltd.	1,900		22,498
ES-Con Japan, Ltd.	3,800		29,041
ESPEC Corp.	1,600		27,989
Exedy Corp.	1,900		37,254
F@N Communications, Inc.	2,000		10,004
FCC Company, Ltd.	2,200		42,509
Feed One Company, Ltd.	15,040		22,609
Ferrotec Holdings Corp.	2,600		20,461
FIDEA Holdings Company, Ltd.	21,400		23,052
Fields Corp.	1,500		7,007
Financial Products Group Company, Ltd.	1,600		16,034
Fixstars Corp. (B)	2,000		26,825
Foster Electric Company, Ltd.	2,100		35,740
France Bed Holdings Company, Ltd.	2,200		20,623
Fronteo, Inc. (B)	2,600		7,702
Fudo Tetra Corp.	1,080		12,147
Fuji Company, Ltd.	1,400		24,397
Fuji Corp.(Aichi)	2,900		43,423
Fuji Corp., Ltd.	1,300		8,337
Fuji Oil Company, Ltd.	4,400		10,135
Fuji Pharma Company, Ltd.	1,400		17,132
Fuji Seal International, Inc.	1,200		30,426
Fujibo Holdings, Inc.	700		19,529
Fujicco Company, Ltd.	1,500		27,123
Fujikura Kasei Company, Ltd.	2,000		9,662
Fujikura, Ltd.	15,600		60,078
Fujimori Kogyo Company, Ltd.	1,100		32,731
Fujisash Company, Ltd.	4,900		3,728
Fujita Kanko, Inc.	300		7,788

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Fujitec Company, Ltd.	4,000	$	51,910
Fujitsu Frontech, Ltd.	600		5,244
Fujitsu General, Ltd.	3,000		50,190
Fujiya Company, Ltd.	500		9,409
Fukuda Corp.	200		7,748
Fukushima Industries Corp.	500		14,572
Fukuyama Transporting Company, Ltd.	800		28,238
FULLCAST Holdings Company, Ltd.	1,000		20,376
Funai Electric Company, Ltd. (A)	700		3,877
Funai Soken Holdings, Inc.	1,800		41,116
Furukawa Company, Ltd.	1,900		25,698
Furukawa Electric Company, Ltd.	500		12,151
Furuno Electric Company, Ltd.	2,400		21,042
Fuso Chemical Company, Ltd.	1,000		22,314
Fuso Pharmaceutical Industries, Ltd.	500		9,096
Futaba Corp.	1,600		19,652
Futaba Industrial Company, Ltd.	3,400		23,733
Future Corp.	1,200		20,971
Fuyo General Lease Company, Ltd.	900		54,269
Gakken Holdings Company, Ltd.	400		19,848
GCA Corp.	1,900		13,669
Gecoss Corp.	400		3,174
Genki Sushi Company, Ltd.	500		12,586
Genky DrugStores Company, Ltd.	700		14,310
Geo Holdings Corp.	2,700		32,138
Giken, Ltd.	1,200		38,168
GLOBERIDE, Inc.	1,000		25,915
Glory, Ltd.	1,600		44,970
GMO internet, Inc.	1,800		31,189
Godo Steel, Ltd.	1,000		19,680
Goldcrest Company, Ltd.	990		19,456
Gree, Inc.	6,100		27,828
GS Yuasa Corp.	3,000		52,105
G-Tekt Corp.	1,200		18,734
Gun-Ei Chemical Industry Company, Ltd.	400		8,904
Gunosy, Inc. (A)	900		11,696
Gunze, Ltd.	800		33,520
Gurunavi, Inc.	1,400		9,566
H2O Retailing Corp.	4,900		53,823
Hagihara Industries, Inc.	800		10,890
Hagiwara Electric Holdings Company, Ltd.	500		12,440
Hakuto Company, Ltd.	1,300		14,149
Halows Company, Ltd.	600		12,988
Hamakyorex Company, Ltd.	1,000		32,295
Hanwa Company, Ltd.	2,400		65,894
Happinet Corp.	1,000		11,762
Hazama Ando Corp.	10,090		75,309
Heiwa Corp.	600		12,376
Heiwa Real Estate Company, Ltd.	1,500		33,680
Heiwado Company, Ltd.	2,000		37,660
Hibiya Engineering, Ltd.	1,500		26,091
Hiday Hidaka Corp.	1,432		27,747
HI-LEX Corp.	600		9,328
Hinokiya Group Company, Ltd.	300		5,348
Hioki EE Corp.	500		16,966
Hiramatsu, Inc.	300		944
Hirano Tecseed Company, Ltd. (B)	1,100		13,185
Hirata Corp.	400		26,222
Hiroshima Gas Company, Ltd.	4,900		15,314
HIS Company, Ltd.	500		12,441
Hisaka Works, Ltd.	2,000		16,066
Hitachi Zosen Corp.	11,700		38,184
Hochiki Corp.	600		8,237

 

127

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Hodogaya Chemical Company, Ltd.	700	$	21,729
Hogy Medical Company, Ltd.	800		22,985
Hokkaido Electric Power Company, Inc.	11,100		58,498
Hokkaido Gas Company, Ltd.	600		8,378
Hokkan Holdings, Ltd.	1,000		14,128
Hokuetsu Corp.	7,900		39,697
Hokuetsu Industries Company, Ltd.	2,000		23,103
Hokuhoku Financial Group, Inc.	5,900		57,358
Hokuriku Electric Power Company (A)	9,400		63,322
Hokuto Corp.	1,600		29,406
H-One Company, Ltd.	1,000		5,897
Honeys Holdings Company, Ltd.	1,350		18,261
Hoosiers Holdings	5,000		29,530
Hosiden Corp.	4,400		45,315
IBJ Leasing Company, Ltd.	1,900		51,691
Ichibanya Company, Ltd.	300		14,132
Ichigo, Inc.	12,000		48,480
Ichikoh Industries, Ltd.	2,300		17,265
Ichinen Holdings Company, Ltd.	1,900		19,187
Ichiyoshi Securities Company, Ltd.	2,800		17,691
Icom, Inc.	500		10,284
Idec Corp.	1,600		29,246
IDOM, Inc.	3,900		17,178
Iino Kaiun Kaisha, Ltd.	7,300		23,362
IJTT Company, Ltd.	1,200		5,515
Ikegami Tsushinki Company, Ltd.	400		3,961
Imasen Electric Industrial	1,700		13,862
Imuraya Group Company, Ltd.	300		5,734
Inaba Denki Sangyo Company, Ltd.	1,600		70,258
Inaba Seisakusho Company, Ltd.	200		2,655
Inabata & Company, Ltd.	3,000		37,062
Infocom Corp.	1,000		23,464
Infomart Corp.	1,900		29,743
Information Services International-Dentsu, Ltd.	400		12,527
Intage Holdings, Inc.	3,100		26,928
Internet Initiative Japan, Inc.	1,300		29,621
Inui Global Logistics Company, Ltd. (B)	875		9,742
Iriso Electronics Company, Ltd.	1,000		48,312
Iseki & Company, Ltd.	1,200		16,372
Ishihara Sangyo Kaisha, Ltd.	2,100		19,106
Istyle, Inc. (A)(B)	2,200		15,269
Itfor, Inc.	1,000		7,634
Itochu Enex Company, Ltd.	3,800		28,973
Itochu-Shokuhin Company, Ltd.	600		24,438
Itoham Yonekyu Holdings, Inc.	1,900		11,958
Itoki Corp.	2,100		8,726
IwaiCosmo Holdings, Inc.	900		9,332
Iwatani Corp.	2,300		77,894
J Trust Company, Ltd. (B)	4,900		18,100
JAC Recruitment Company, Ltd.	1,200		23,079
Jaccs Company, Ltd.	1,600		33,918
Jafco Company, Ltd.	1,400		53,235
Jalux, Inc.	500		10,949
Jamco Corp.	500		7,078
Janome Sewing Machine Company, Ltd.	1,200		4,476
Japan Asset Marketing Company, Ltd. (A)	14,200		11,307
Japan Aviation Electronics Industry, Ltd.	3,000		42,846
Japan Best Rescue System Company, Ltd.	1,800		17,600
Japan Cash Machine Company, Ltd.	700		5,962
Japan Display, Inc. (A)(B)	45,300		25,371
Japan Elevator Service Holdings Company, Ltd.	1,800		46,901

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Japan Investment Adviser Company, Ltd.	1,000	$	17,129
Japan Lifeline Company, Ltd.	2,600		41,961
Japan Material Company, Ltd.	2,200		27,346
Japan Meat Company, Ltd.	600		12,534
Japan Medical Dynamic Marketing, Inc.	900		14,124
Japan Petroleum Exploration Company, Ltd.	2,000		50,882
Japan Property Management Center Company, Ltd.	800		10,977
Japan Pulp & Paper Company, Ltd.	600		20,965
Japan Securities Finance Company, Ltd.	8,000		37,419
Japan Transcity Corp.	5,000		21,948
Jastec Company, Ltd.	400		4,069
JBCC Holdings, Inc.	1,900		27,114
JCU Corp.	1,300		26,329
Jeol, Ltd.	2,000		47,773
Jimoto Holdings, Inc.	9,800		9,016
JINS Holdings, Inc.	400		23,819
JMS Company, Ltd.	500		2,992
J-Oil Mills, Inc.	600		22,805
Joshin Denki Company, Ltd.	1,100		21,895
Joyful Honda Company, Ltd.	1,000		12,898
JSP Corp.	800		13,211
Juki Corp.	1,400		11,795
JVCKenwood Corp.	9,070		26,867
K&O Energy Group, Inc.	800		10,683
Kadokawa Corp.	3,636		51,032
Kaga Electronics Company, Ltd.	1,100		19,806
Kameda Seika Company, Ltd.	700		30,823
Kamei Corp.	2,000		20,284
Kanaden Corp.	1,100		13,048
Kanagawa Chuo Kotsu Company, Ltd.	700		24,963
Kanamoto Company, Ltd.	1,900		47,412
Kandenko Company, Ltd.	2,700		24,222
Kanematsu Corp.	3,500		39,536
Kanematsu Electronics, Ltd.	700		20,023
Kanto Denka Kogyo Company, Ltd.	2,000		15,119
Kappa Create Company, Ltd. (B)	1,000		13,137
Kasai Kogyo Company, Ltd.	1,000		7,176
Katakura Industries Company, Ltd.	1,700		21,093
Kato Sangyo Company, Ltd.	1,100		34,333
Kato Works Company, Ltd.	400		7,027
KAWADA TECHNOLOGIES, Inc.	200		12,951
Kawasaki Kisen Kaisha, Ltd. (A)	5,700		66,781
Keihanshin Building Company, Ltd.	3,200		38,912
Keihin Corp.	2,000		29,541
Keiyo Company, Ltd.	3,400		15,525
Kenedix, Inc.	10,800		54,608
Kenko Mayonnaise Company, Ltd.	900		20,231
Key Coffee, Inc.	100		2,029
KFC Holdings Japan, Ltd.	600		13,087
KH Neochem Company, Ltd.	900		19,724
Kimoto Company, Ltd.	3,000		4,822
Kintetsu Department Store Company, Ltd.	400		11,644
Kintetsu World Express, Inc.	2,600		36,781
Kissei Pharmaceutical Company, Ltd.	1,100		26,603
Kitanotatsujin Corp.	3,300		21,563
Kito Corp.	1,800		25,969
Kitz Corp.	4,600		30,807
KLab, Inc. (A)(B)	2,100		24,606
Koa Corp.	1,700		21,022
Koatsu Gas Kogyo Company, Ltd.	3,000		22,399
Kobe Electric Railway Company, Ltd. (A)(B)	300		11,022

 

128

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Kobe Steel, Ltd.	2,200	$	11,816
Kohnan Shoji Company, Ltd.	1,800		39,851
Kojima Company, Ltd.	3,000		13,577
Kokuyo Company, Ltd.	2,100		29,443
Komatsu Matere Company, Ltd.	2,000		14,475
KOMEDA Holdings Company, Ltd.	2,600		48,551
Komeri Company, Ltd.	1,500		30,360
Komori Corp.	3,700		39,180
Kondotec, Inc.	1,300		11,053
Konishi Company, Ltd.	2,200		30,156
Konoike Transport Company, Ltd.	2,600		38,573
Koshidaka Holdings Company, Ltd.	2,000		31,880
Kotobuki Spirits Company, Ltd.	900		59,209
Kourakuen Holdings Corp.	1,100		23,875
Krosaki Harima Corp.	400		20,982
Kumagai Gumi Company, Ltd.	1,800		51,453
Kumiai Chemical Industry Company, Ltd.	6,584		57,071
Kura Sushi, Inc.	500		20,767
Kurabo Industries, Ltd.	1,600		33,538
Kureha Corp.	1,100		65,832
Kurimoto, Ltd.	1,000		13,987
KYB Corp. (A)	1,600		47,039
Kyodo Printing Company, Ltd.	500		12,517
Kyoei Steel, Ltd.	1,800		33,916
Kyokuto Kaihatsu Kogyo Company, Ltd.	2,300		27,786
Kyokuto Securities Company, Ltd.	2,300		18,404
Kyokuyo Company, Ltd.	700		18,025
KYORIN Holdings, Inc. (B)	1,900		31,541
Kyoritsu Maintenance Company, Ltd.	1,060		45,543
Kyosan Electric Manufacturing Company, Ltd.	2,000		6,843
Kyushu Financial Group, Inc.	3,700		15,140
LAC Company, Ltd.	1,400		17,207
Lacto Japan Company, Ltd. (B)	800		28,707
LEC, Inc.	1,600		14,573
Leopalace21 Corp. (A)(B)	16,600		39,191
Life Corp.	1,200		23,969
LIFULL Company, Ltd.	3,800		24,819
Link And Motivation, Inc. (B)	2,300		11,807
Lintec Corp.	1,900		37,823
LIXIL VIVA Corp.	1,600		24,113
M&A Capital Partners Company, Ltd. (A)	300		18,042
Macnica Fuji Electronics Holdings, Inc.	3,250		42,006
Macromill, Inc.	2,300		18,930
Maeda Corp.	2,800		24,555
Maeda Kosen Company, Ltd.	1,100		15,619
Maeda Road Construction Company, Ltd.	1,600		34,962
Maezawa Kasei Industries Company, Ltd.	1,100		11,467
Maezawa Kyuso Industries Company, Ltd.	900		16,667
Makino Milling Machine Company, Ltd.	1,200		52,600
Mamezou Holdings Company, Ltd.	700		11,181
Mandom Corp.	500		12,453
MarkLines Company, Ltd.	1,000		16,777
Mars Group Holdings Corp.	700		12,362
Marubun Corp.	200		1,012
Marudai Food Company, Ltd.	1,600		33,947
Maruha Nichiro Corp.	1,500		37,934
Marusan Securities Company, Ltd.	4,700		21,740
Maruwa Company, Ltd.	600		38,720
Maruwa Unyu Kikan Company, Ltd.	1,200		29,879
Maruzen Company, Ltd.	800		14,874

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Maruzen Showa Unyu Company, Ltd.	800	$	22,345
Marvelous, Inc.	1,400		10,822
Matsuda Sangyo Company, Ltd.	1,400		18,500
Matsuya Company, Ltd.	2,700		20,891
Matsuyafoods Holdings Company, Ltd.	700		25,248
Max Company, Ltd.	2,000		33,682
Maxell Holdings, Ltd.	2,200		31,506
MCJ Company, Ltd.	3,200		20,207
MEC Company, Ltd.	1,500		21,731
Medical Data Vision Company, Ltd. (A)	1,700		17,458
Megachips Corp.	2,000		30,879
Megmilk Snow Brand Company, Ltd.	1,800		43,487
Meidensha Corp.	1,800		31,045
Meiko Electronics Company, Ltd.	1,200		16,705
Meiko Network Japan Company, Ltd.	1,100		8,964
Meisei Industrial Company, Ltd.	3,000		20,427
Meitec Corp.	1,300		63,881
Meito Sangyo Company, Ltd. (B)	900		10,343
Menicon Company, Ltd.	1,200		42,243
METAWATER Company, Ltd.	800		27,267
Micronics Japan Company, Ltd.	2,800		22,509
Mie Kotsu Group Holdings, Inc.	3,700		18,830
Milbon Company, Ltd.	1,112		55,014
Mimasu Semiconductor Industry Company, Ltd.	1,400		22,663
Ministop Company, Ltd.	1,100		14,175
Miraca Holdings, Inc.	3,000		68,623
Mirait Holdings Corp. (B)	4,240		64,120
Miroku Jyoho Service Company, Ltd.	700		19,203
Misawa Homes Company, Ltd.	2,000		20,511
Mitani Corp.	500		24,936
Mitani Sekisan Company, Ltd.	600		18,068
Mito Securities Company, Ltd.	6,300		13,949
Mitsuba Corp.	2,300		13,499
Mitsubishi Logisnext Company, Ltd.	1,000		9,523
Mitsubishi Paper Mills, Ltd.	2,600		11,694
Mitsubishi Pencil Company, Ltd.	600		9,553
Mitsubishi Research Institute, Inc.	500		16,652
Mitsubishi Shokuhin Company, Ltd.	200		5,029
Mitsubishi Steel Manufacturing Company, Ltd.	1,000		10,296
Mitsuboshi Belting, Ltd.	1,000		16,464
Mitsui E&S Holdings Company, Ltd. (A)	4,600		40,633
Mitsui High-Tec, Inc.	2,200		34,789
Mitsui Matsushima Holdings Company, Ltd.	1,000		11,166
Mitsui Mining & Smelting Company, Ltd.	2,500		59,681
Mitsui Sugar Company, Ltd.	1,000		20,684
Mitsui-Soko Holdings Company, Ltd.	2,200		34,202
Mitsuuroko Group Holdings Company, Ltd.	3,200		31,167
Mixi, Inc.	1,800		38,001
Mizuno Corp.	1,400		36,407
Modec, Inc.	1,700		41,730
Monex Group, Inc.	10,400		30,078
Morinaga Milk Industry Company, Ltd.	1,700		64,981
Morita Holdings Corp.	2,200		34,685
MrMax Holdings, Ltd.	1,700		7,183
Musashi Seimitsu Industry Company, Ltd.	2,600		33,232
N Field Company, Ltd.	1,300		7,498
Nachi-Fujikoshi Corp.	600		27,145
Nagase & Company, Ltd.	3,600		50,566
Nagatanien Holdings Company, Ltd.	1,000		18,974

 

129

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nagawa Company, Ltd.	600	$	33,450
Nakamuraya Company, Ltd.	300		12,481
Nakanishi, Inc.	1,300		20,546
Nakayama Steel Works, Ltd.	1,100		4,483
Namura Shipbuilding Company, Ltd.	3,252		9,098
NEC Capital Solutions, Ltd.	800		16,111
NEC Networks & System Integration Corp.	1,500		40,850
Neturen Company, Ltd.	2,300		18,184
Nextage Company, Ltd.	2,300		24,750
Nice Holdings, Inc. (A)	600		3,760
Nichias Corp.	2,400		42,725
Nichiban Company, Ltd.	700		10,363
Nichicon Corp.	3,400		31,192
Nichiden Corp.	600		11,252
Nichiha Corp.	1,600		43,831
NichiiGakkan Company, Ltd.	2,700		44,313
Nichi-iko Pharmaceutical Company, Ltd.	3,100		34,625
Nichireki Company, Ltd.	2,000		20,508
Nichirin Company, Ltd.	1,040		14,249
Nihon Chouzai Company, Ltd.	400		13,761
Nihon Dempa Kogyo Company, Ltd. (A)(B)	1,800		7,334
Nihon Flush Company, Ltd.	500		11,945
Nihon House Holdings Company, Ltd.	1,000		4,839
Nihon Kagaku Sangyo Company, Ltd. (B)	1,000		9,405
Nihon Nohyaku Company, Ltd.	4,000		18,195
Nihon Parkerizing Company, Ltd.	3,900		42,559
Nihon Tokushu Toryo Company, Ltd.	1,000		10,439
Nikkiso Company, Ltd.	2,100		22,549
Nikkon Holdings Company, Ltd.	2,900		66,360
Nippon Air Conditioning Services Company, Ltd.	1,600		10,204
Nippon Beet Sugar Manufacturing Company, Ltd.	900		15,722
Nippon Carbon Company, Ltd. (B)	500		17,797
Nippon Chemical Industrial Company, Ltd.	700		15,276
Nippon Chemi-Con Corp.	1,100		16,302
Nippon Coke & Engineering Company, Ltd.	18,000		13,699
Nippon Concrete Industries Company, Ltd.	2,600		6,479
Nippon Denko Company, Ltd.	6,530		10,144
Nippon Densetsu Kogyo Company, Ltd.	2,100		43,684
Nippon Electric Glass Company, Ltd.	700		15,652
Nippon Fine Chemical Company, Ltd.	800		8,937
Nippon Flour Mills Company, Ltd.	2,700		42,327
Nippon Gas Company, Ltd.	1,000		28,277
Nippon Hume Corp.	2,000		14,278
Nippon Kanzai Company, Ltd.	700		12,115
Nippon Kodoshi Corp.	800		9,213
Nippon Koei Company, Ltd.	1,000		29,285
Nippon Koshuha Steel Company, Ltd.	800		3,070
Nippon Light Metal Holdings Company, Ltd.	28,200		50,909
Nippon Parking Development Company, Ltd.	8,400		13,259
Nippon Pillar Packing Company, Ltd.	1,500		16,842
Nippon Seiki Company, Ltd.	3,000		46,072
Nippon Sharyo, Ltd. (A)(B)	600		14,348
Nippon Sheet Glass Company, Ltd.	5,800		34,882
Nippon Signal Company, Ltd.	3,000		33,636
Nippon Soda Company, Ltd.	1,600		38,838

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Steel Trading Corp.	972	$	38,119
Nippon Suisan Kaisha, Ltd.	6,800		38,540
Nippon Thompson Company, Ltd.	4,700		19,741
Nippon Yakin Kogyo Company, Ltd. (B)	1,000		20,224
Nipro Corp.	4,100		46,174
Nishikawa Rubber Company, Ltd.	800		13,535
Nishimatsu Construction Company, Ltd.	3,200		59,814
Nishimatsuya Chain Company, Ltd.	2,900		24,753
Nishi-Nippon Financial Holdings, Inc.	7,000		49,347
Nishi-Nippon Railroad Company, Ltd.	2,600		57,212
Nishio Rent All Company, Ltd.	800		20,595
Nissan Shatai Company, Ltd.	3,400		27,640
Nissei ASB Machine Company, Ltd. (B)	500		15,788
Nissei Plastic Industrial Company, Ltd.	1,600		14,887
Nissha Company, Ltd.	2,300		22,985
Nisshinbo Holdings, Inc.	10,768		84,269
Nissin Corp.	1,400		20,230
Nissin Electric Company, Ltd.	3,400		41,514
Nissin Kogyo Company, Ltd.	2,100		29,574
Nissin Sugar Company, Ltd.	1,100		19,656
Nitta Corp.	1,300		34,828
Nittan Valve Company, Ltd.	1,200		3,019
Nittetsu Mining Company, Ltd.	300		11,825
Nitto Boseki Company, Ltd.	1,100		33,951
Nitto Kogyo Corp.	1,600		30,422
Nitto Kohki Company, Ltd.	1,000		19,615
Nitto Seiko Company, Ltd.	1,700		8,968
Nohmi Bosai, Ltd.	1,300		24,927
Nojima Corp.	1,600		26,973
Nomura Company, Ltd.	3,000		37,950
Noritake Company, Ltd.	700		25,920
Noritsu Koki Company, Ltd.	1,000		15,812
Noritz Corp.	2,100		24,501
North Pacific Bank, Ltd.	20,300		43,268
NS Tool Company, Ltd.	400		7,251
NS United Kaiun Kaisha, Ltd.	800		16,678
NSD Company, Ltd.	1,500		43,241
NTN Corp. (B)	18,400		53,167
NuFlare Technology, Inc.	400		28,480
Obara Group, Inc.	600		20,388
Ohsho Food Service Corp.	700		45,330
Oiles Corp.	1,380		20,199
Oisix ra daichi, Inc. (A)	1,200		15,721
Okabe Company, Ltd.	2,600		20,710
Okamoto Industries, Inc.	600		22,119
Okamura Corp.	3,700		36,230
Okasan Securities Group, Inc.	7,000		24,953
Oki Electric Industry Company, Ltd.	4,700		64,179
Okinawa Cellular Telephone Company	400		13,124
OKUMA Corp.	700		38,180
Okumura Corp.	1,600		42,885
Okura Industrial Company, Ltd.	800		12,100
Okuwa Company, Ltd.	1,000		11,265
Onoken Company, Ltd.	1,500		18,294
Onward Holdings Company, Ltd.	7,100		36,991
Open Door, Inc. (A)	600		12,148
Optex Group Company, Ltd.	1,400		20,935
Organo Corp.	600		26,692
Origin Company, Ltd.	600		7,629
Osaka Organic Chemical Industry, Ltd.	1,400		13,944
Osaka Soda Company, Ltd.	800		20,574
Osaka Steel Company, Ltd.	700		8,607
OSAKA Titanium Technologies Company, Ltd.	800		13,136
Osaki Electric Company, Ltd.	3,000		18,364

 

130

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
OSG Corp.	1,500	$	31,224
OSJB Holdings Corp.	7,600		17,375
Outsourcing, Inc.	4,500		43,106
Oyo Corp.	1,300		12,944
Pacific Industrial Company, Ltd.	3,000		44,099
Pacific Metals Company, Ltd.	1,100		22,947
PAL GROUP Holdings Company, Ltd.	700		21,674
Paramount Bed Holdings Company, Ltd.	800		29,230
Parco Company, Ltd.	800		9,433
Paris Miki Holdings, Inc.	1,100		2,980
PC Depot Corp.	1,700		7,748
Penta-Ocean Construction Company, Ltd.	13,900		77,179
Pepper Food Service Company, Ltd.	600		8,720
PIA Corp.	200		8,670
Pilot Corp.	700		26,073
Piolax, Inc.	2,100		36,197
Plenus Company, Ltd.	1,300		21,840
Poletowin Pitcrew Holdings, Inc.	2,000		19,616
Press Kogyo Company, Ltd.	7,000		29,324
Pressance Corp.	1,800		29,139
Prestige International, Inc.	5,000		39,895
Prima Meat Packers, Ltd.	2,000		39,854
Pronexus, Inc.	600		6,195
Prospect Company, Ltd. (A)	33,000		6,396
Proto Corp.	400		4,349
PS Mitsubishi Construction Company, Ltd.	2,600		17,424
Punch Industry Company, Ltd.	1,300		5,964
Qol Holdings Company, Ltd.	1,400		18,674
Raito Kogyo Company, Ltd.	3,100		40,855
Raiznext Corp.	3,300		33,852
Rakus Company, Ltd.	2,200		34,312
Raysum Company, Ltd.	1,600		16,654
Relia, Inc.	2,100		26,250
Renaissance, Inc. (B)	500		7,436
Resorttrust, Inc.	3,700		60,050
Restar Holdings Corp.	1,600		26,036
Retail Partners Company, Ltd.	300		2,413
Rheon Automatic Machinery Company, Ltd.	1,500		21,736
Ricoh Leasing Company, Ltd.	800		25,927
Riken Corp.	600		20,880
Riken Keiki Company, Ltd.	1,300		25,069
Riken Technos Corp.	3,000		12,729
Riken Vitamin Company, Ltd.	700		22,498
Ringer Hut Company, Ltd.	1,700		40,672
Riso Kagaku Corp.	1,500		22,972
Riso Kyoiku Company, Ltd.	9,300		37,946
Rock Field Company, Ltd.	1,000		13,398
Rokko Butter Company, Ltd. (B)	600		9,593
Roland DG Corp.	900		16,697
Rorze Corp.	900		21,547
Round One Corp.	2,100		31,492
Royal Holdings Company, Ltd.	900		22,822
RS Technologies Company, Ltd.	400		13,121
Ryobi, Ltd.	1,400		23,578
Ryoden Corp.	1,500		20,963
Ryosan Company, Ltd.	1,500		38,283
Ryoyo Electro Corp.	1,600		27,446
S Foods, Inc.	500		13,846
S&B Foods, Inc.	600		22,316
Sac's Bar Holdings, Inc.	600		4,949
Saibu Gas Company, Ltd.	1,900		41,839
Saizeriya Company, Ltd.	1,100		28,308
Sakai Chemical Industry Company, Ltd.	1,400		32,899

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Sakai Moving Service Company, Ltd.	500	$	28,782
Sakata INX Corp.	3,100		32,309
Sala Corp.	3,000		16,787
SAMTY Company, Ltd.	1,600		27,994
San ju San Financial Group, Inc.	1,700		25,340
San-A Company, Ltd.	900		39,772
San-Ai Oil Company, Ltd.	3,500		34,613
Sanden Holdings Corp. (A)	1,400		7,844
Sangetsu Corp.	2,100		39,670
Sanken Electric Company, Ltd.	1,400		27,948
Sanki Engineering Company, Ltd.	2,000		23,812
Sankyo Seiko Company, Ltd.	3,200		15,228
Sankyo Tateyama, Inc.	2,500		29,073
Sanoh Industrial Company, Ltd. (B)	2,600		14,861
Sanyo Chemical Industries, Ltd.	600		25,951
Sanyo Denki Company, Ltd.	400		17,628
Sanyo Electric Railway Company, Ltd. (B)	1,600		32,632
Sanyo Shokai, Ltd.	700		9,453
Sanyo Special Steel Company, Ltd. (B)	1,400		18,769
Sapporo Holdings, Ltd.	2,700		67,524
Sato Holdings Corp.	1,700		46,097
Sawada Holdings Company, Ltd.	1,000		7,779
SBS Holdings, Inc.	2,200		32,025
Seika Corp.	500		6,155
Seikagaku Corp.	1,700		17,900
Seikitokyu Kogyo Company, Ltd.	1,600		10,813
Seiko Holdings Corp.	1,400		31,065
Seiren Company, Ltd.	2,700		31,191
Sekisui Jushi Corp.	2,200		43,508
Sekisui Plastics Company, Ltd.	2,500		17,417
Senko Group Holdings Company, Ltd.	4,700		36,729
Senshu Electric Company, Ltd.	500		13,080
Senshu Ikeda Holdings, Inc.	17,200		29,865
Senshukai Company, Ltd. (A)	3,300		8,794
Seria Company, Ltd.	500		12,167
SFP Holdings Company, Ltd.	600		12,004
Shibaura Electronics Company, Ltd.	500		12,490
Shibuya Corp.	800		21,513
SHIFT, Inc. (A)	300		14,913
Shikibo, Ltd.	1,100		9,305
Shikoku Chemicals Corp.	3,000		31,569
Shikoku Electric Power Company, Inc.	2,400		22,682
Shima Seiki Manufacturing, Ltd.	1,200		27,727
Shimachu Company, Ltd.	2,300		56,256
Shin Nippon Air Technologies Company, Ltd.	1,200		19,928
Shinagawa Refractories Company, Ltd.	600		14,706
Shindengen Electric Manufacturing Company, Ltd.	500		16,210
Shin-Etsu Polymer Company, Ltd.	3,000		20,951
Shinko Electric Industries Company, Ltd.	5,100		43,768
Shinko Shoji Company, Ltd.	3,200		27,585
Shinmaywa Industries, Ltd.	2,400		28,094
Shinnihon Corp.	2,500		17,558
Shinoken Group Company, Ltd.	2,000		17,796
Shinwa Company, Ltd.	700		14,026
Shizuoka Gas Company, Ltd.	4,500		38,383
Shoei Company, Ltd.	600		25,249
Shoei Foods Corp.	700		21,238
Showa Corp.	1,900		27,549
Showa Sangyo Company, Ltd.	1,400		39,750
SIGMAXYZ, Inc.	900		12,149
Siix Corp. (B)	1,600		21,884
Sinanen Holdings Company, Ltd.	800		13,592

 

131

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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.	1,600	$	17,849
Sinko Industries, Ltd.	1,500		24,285
Sintokogio, Ltd.	3,400		30,718
SKY Perfect JSAT Holdings, Inc.	10,300		41,778
SMK Corp.	300		7,480
SMS Company, Ltd.	3,200		78,543
Sodick Company, Ltd.	2,400		17,290
Sogo Medical Holdings Company, Ltd.	1,200		19,752
Soken Chemical & Engineering Company, Ltd.	800		8,957
Solasto Corp.	1,500		16,960
Sourcenext Corp.	6,400		28,265
Space Value Holdings Company, Ltd.	2,000		9,245
Sparx Group Company, Ltd.	7,400		17,161
SRA Holdings	600		13,331
SRS Holdings Company, Ltd.	1,800		17,002
St. Marc Holdings Company, Ltd.	800		17,638
Star Mica Holdings Company, Ltd.	1,100		19,150
Star Micronics Company, Ltd.	2,300		32,753
Starts Corp., Inc.	1,900		46,516
Starzen Company, Ltd.	300		11,960
Stella Chemifa Corp.	800		19,603
Strike Company, Ltd.	700		18,942
Studio Alice Company, Ltd.	900		16,737
Sugimoto & Company, Ltd.	700		12,379
Sumida Corp.	1,600		14,887
Suminoe Textile Company, Ltd.	500		14,063
Sumitomo Bakelite Company, Ltd.	1,200		47,283
Sumitomo Densetsu Company, Ltd.	1,300		26,550
Sumitomo Mitsui Construction Company, Ltd.	6,000		31,616
Sumitomo Osaka Cement Company, Ltd.	2,200		94,635
Sumitomo Riko Company, Ltd.	2,400		19,275
Sumitomo Seika Chemicals Company, Ltd.	500		14,820
Sun Frontier Fudousan Company, Ltd.	2,200		26,351
Sushiro Global Holdings, Ltd.	400		26,928
SWCC Showa Holdings Company, Ltd.	2,400		19,385
Systena Corp.	3,000		44,725
Syuppin Company, Ltd.	1,200		11,973
T Hasegawa Company, Ltd.	1,600		29,668
T RAD Company, Ltd.	500		8,160
T&K Toka Company, Ltd.	1,600		13,840
Tachibana Eletech Company, Ltd.	1,360		20,715
Tachi-S Company, Ltd.	2,400		29,246
Tadano, Ltd.	6,000		57,509
Taihei Dengyo Kaisha, Ltd.	1,500		33,277
Taiho Kogyo Company, Ltd.	1,200		8,579
Taikisha, Ltd.	900		27,250
Taisei Lamick Company, Ltd.	500		13,187
Taiyo Holdings Company, Ltd.	1,000		33,805
Takamatsu Construction Group Company, Ltd.	1,000		22,998
Takaoka Toko Company, Ltd.	700		7,349
Takara Leben Company, Ltd.	6,300		24,432
Takara Standard Company, Ltd.	2,800		46,354
Takasago International Corp.	1,200		29,175
Takasago Thermal Engineering Company, Ltd.	1,700		28,222
Take And Give Needs Company, Ltd.	200		2,183
Takeei Corp.	700		6,901
Takeuchi Manufacturing Company, Ltd.	2,200		34,484
Takihyo Company, Ltd.	600		10,116
Takuma Company, Ltd.	3,300		37,548
Tamron Company, Ltd.	1,500		32,342

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Tamura Corp.	7,000	$	37,678
Tanseisha Company, Ltd.	1,100		12,368
Tateru, Inc. (A)	1,500		2,461
Tatsuta Electric Wire & Cable Company, Ltd.	4,200		18,045
Tayca Corp.	1,500		27,259
TechMatrix Corp.	1,200		25,950
Teikoku Electric Manufacturing Company, Ltd.	1,700		18,580
Teikoku Sen-I Company, Ltd.	500		8,356
Tekken Corp.	800		20,507
Tenma Corp.	1,000		18,232
T-Gaia Corp.	900		18,228
The 77 Bank, Ltd.	2,800		41,739
The Aichi Bank, Ltd.	600		18,903
The Akita Bank, Ltd.	1,100		20,912
The Aomori Bank, Ltd.	1,700		41,515
The Awa Bank, Ltd.	2,200		49,891
The Bank of Iwate, Ltd.	1,100		26,577
The Bank of Nagoya, Ltd.	1,100		32,485
The Bank of Okinawa, Ltd.	1,640		51,708
The Bank of Saga, Ltd.	1,000		13,685
The Chiba Kogyo Bank, Ltd.	3,200		8,595
The Chugoku Bank, Ltd.	1,500		14,166
The Chukyo Bank, Ltd.	900		17,576
The Ehime Bank, Ltd.	2,100		21,227
The First Bank of Toyama, Ltd.	2,800		7,994
The Fukui Bank, Ltd.	1,800		23,854
The Fukushima Bank, Ltd.	2,100		4,158
The Hachijuni Bank, Ltd.	3,400		13,929
The Hiroshima Bank, Ltd.	4,800		23,865
The Hokkoku Bank, Ltd.	1,500		39,210
The Hyakugo Bank, Ltd.	16,000		51,340
The Hyakujushi Bank, Ltd.	1,700		35,069
The Iyo Bank, Ltd.	4,800		25,216
The Japan Steel Works, Ltd.	2,600		50,410
The Japan Wool Textile Company, Ltd.	4,000		36,678
The Juroku Bank, Ltd.	1,700		37,422
The Keiyo Bank, Ltd.	4,400		26,179
The Kinki Sharyo Company, Ltd. (A)	300		3,805
The Kita-Nippon Bank, Ltd.	700		11,616
The Kiyo Bank, Ltd.	3,800		59,378
The Michinoku Bank, Ltd.	1,400		20,248
The Miyazaki Bank, Ltd.	1,000		22,522
The Monogatari Corp.	400		37,381
The Musashino Bank, Ltd.	1,700		29,684
The Nagano Bank, Ltd.	800		12,037
The Nanto Bank, Ltd.	2,000		46,991
The Nippon Road Company, Ltd.	500		30,251
The Nisshin Oillio Group, Ltd.	1,200		37,759
The Ogaki Kyoritsu Bank, Ltd.	1,600		35,585
The Oita Bank, Ltd.	900		24,260
The Okinawa Electric Power Company, Inc.	1,896		29,865
The Pack Corp.	800		27,183
The San-In Godo Bank, Ltd.	8,000		48,827
The Shibusawa Warehouse Company, Ltd.	1,000		17,586
The Shiga Bank, Ltd.	2,200		50,200
The Shikoku Bank, Ltd.	2,800		25,539
The Shimizu Bank, Ltd.	500		8,569
The Sumitomo Warehouse Company, Ltd.	3,324		43,980
The Tochigi Bank, Ltd.	8,000		14,513
The Toho Bank, Ltd.	12,000		28,367

 

132

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
The Tohoku Bank, Ltd.	400	$	3,917
The Tottori Bank, Ltd.	400		5,337
The Towa Bank, Ltd.	2,900		21,337
The Yamagata Bank, Ltd.	2,000		27,160
The Yamanashi Chuo Bank, Ltd.	2,000		19,114
Tigers Polymer Corp.	1,000		5,560
TKC Corp.	1,100		47,825
Toa Corp. (Hyogo)	1,400		15,888
Toa Corp. (Tokyo)	1,200		14,543
Toagosei Company, Ltd.	6,900		78,245
Tobishima Corp.	720		7,755
TOC Company, Ltd.	3,400		26,036
Tocalo Company, Ltd.	3,200		26,685
Toda Kogyo Corp.	300		6,161
Toei Company, Ltd.	200		28,412
Toenec Corp.	600		19,210
Toho Company, Ltd.	600		10,340
Toho Holdings Company, Ltd.	2,400		55,763
Toho Titanium Company, Ltd.	3,000		23,117
Toho Zinc Company, Ltd.	800		14,903
Tokai Corp.	1,200		26,282
TOKAI Holdings Corp.	4,000		37,565
Tokai Rika Company, Ltd.	1,400		23,813
Tokai Tokyo Financial Holdings, Inc.	11,500		31,866
Token Corp.	610		37,536
Tokushu Tokai Paper Company, Ltd.	600		21,037
Tokuyama Corp.	1,600		36,905
Tokyo Base Company, Ltd. (A)	900		6,588
Tokyo Dome Corp. (B)	5,500		53,024
Tokyo Energy & Systems, Inc.	2,000		16,335
Tokyo Keiki, Inc.	1,000		8,242
Tokyo Kiraboshi Financial Group, Inc.	1,936		25,241
Tokyo Ohka Kogyo Company, Ltd.	1,900		71,085
Tokyo Rakutenchi Company, Ltd.	200		10,548
Tokyo Rope Manufacturing Company, Ltd.	700		6,571
Tokyo Seimitsu Company, Ltd.	1,800		53,377
Tokyo Steel Manufacturing Company, Ltd.	5,100		39,209
Tokyo Tekko Company, Ltd.	800		9,971
Tokyo Theatres Company, Inc.	900		11,376
Tokyotokeiba Company, Ltd.	1,100		33,471
Tokyu Construction Company, Ltd.	3,900		29,965
Tomato Bank, Ltd.	1,100		10,875
Tomen Devices Corp.	200		4,373
Tomoe Corp.	2,200		8,182
Tomoe Engineering Company, Ltd.	800		17,513
Tomoku Company, Ltd.	500		7,145
TOMONY Holdings, Inc.	10,600		34,533
Tomy Company, Ltd.	4,500		51,693
Tonami Holdings Company, Ltd.	500		21,369
Topcon Corp.	4,700		62,731
Toppan Forms Company, Ltd.	3,400		32,295
Topre Corp.	2,300		36,499
Topy Industries, Ltd.	1,300		23,219
Toridoll Holdings Corp.	1,400		31,618
Torii Pharmaceutical Company, Ltd.	1,100		29,375
Torikizoku Company, Ltd.	500		11,252
Torishima Pump Manufacturing Company, Ltd.	900		8,169
Tosei Corp.	3,700		43,827
Toshiba Machine Company, Ltd.	1,600		33,304
Toshiba Plant Systems & Services Corp.	1,500		25,078
Toshiba TEC Corp.	1,000		29,685
Tosho Company, Ltd.	800		17,687

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Totetsu Kogyo Company, Ltd.	1,000	$	29,692
Towa Corp.	1,300		10,385
Towa Pharmaceutical Company, Ltd.	1,500		34,897
Toyo Construction Company, Ltd.	3,100		13,443
Toyo Denki Seizo KK	600		8,226
Toyo Engineering Corp. (A)	2,200		12,664
Toyo Ink SC Holdings Company, Ltd.	2,200		50,207
Toyo Kanetsu KK	400		7,162
Toyo Securities Company, Ltd.	6,000		10,250
Toyo Tanso Company, Ltd.	1,000		21,655
Toyo Tire Corp. (B)	1,900		24,141
Toyo Wharf & Warehouse Company, Ltd.	600		7,521
Toyobo Company, Ltd.	4,993		65,774
TPR Company, Ltd.	1,400		22,457
Trancom Company, Ltd.	600		34,806
Tri Chemical Laboratories, Inc.	300		18,528
Trusco Nakayama Corp.	1,600		37,494
Trust Tech, Inc.	800		9,646
TS Tech Company, Ltd.	500		15,293
TSI Holdings Company, Ltd.	5,270		29,325
Tsubaki Nakashima Company, Ltd.	2,300		34,619
Tsubakimoto Chain Company	1,600		51,500
Tsugami Corp. (B)	3,000		25,665
Tsukishima Kikai Company, Ltd.	2,000		25,802
Tsukuba Bank, Ltd.	5,700		9,713
Tsukui Corp.	4,800		19,035
Tsurumi Manufacturing Company, Ltd.	1,000		18,682
Tsutsumi Jewelry Company, Ltd.	700		13,511
TV Asahi Holdings Corp.	700		11,050
Tv Tokyo Holdings Corp.	1,100		22,580
UACJ Corp.	1,903		32,221
Ube Industries, Ltd.	700		14,221
Uchida Yoko Company, Ltd.	800		29,024
Ulvac, Inc.	1,900		76,944
Uniden Holdings Corp. (A)	400		6,931
Union Tool Company	700		20,455
Unipres Corp.	2,600		40,999
United Arrows, Ltd.	1,200		35,133
United Super Markets Holdings, Inc.	4,200		37,478
UNITED, Inc.	1,300		14,374
Unitika, Ltd. (A)	5,900		17,472
Unizo Holdings Company, Ltd.	1,900		84,665
Ushio, Inc.	5,200		73,842
UT Group Company, Ltd.	1,500		32,319
V Technology Company, Ltd. (B)	400		19,573
Valor Holdings Company, Ltd.	1,700		28,705
Valqua, Ltd.	1,000		20,218
ValueCommerce Company, Ltd.	1,600		25,389
Vector, Inc. (A)	3,100		25,972
Vision, Inc. (A)	1,500		21,761
Vital KSK Holdings, Inc.	3,500		33,998
VT Holdings Company, Ltd.	6,600		27,219
Wacoal Holdings Corp.	1,900		49,056
Wacom Company, Ltd.	4,600		14,996
Wakachiku Construction Company, Ltd.	900		12,516
Wakita & Company, Ltd.	4,000		39,519
Warabeya Nichiyo Holdings Company, Ltd.	900		16,438
Watahan & Company, Ltd.	300		5,493
WATAMI Company, Ltd.	1,200		15,082
WDB Holdings Company, Ltd.	700		18,859
Weathernews, Inc.	500		15,378
West Holdings Corp. (B)	1,300		16,046
WIN-Partners Company, Ltd.	1,000		10,510

 

133

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
World Holdings Company, Ltd.	600	$	8,735
Xebio Holdings Company, Ltd.	2,800		30,578
Yahagi Construction Company, Ltd.	2,000		12,859
Yaizu Suisankagaku Industry Company, Ltd.	1,100		10,693
YAKUODO Holdings Company, Ltd. (B)	700		17,583
YAMABIKO Corp.	2,400		25,381
YAMADA Consulting Group Company, Ltd.	1,100		17,213
Yamaha Motor Robotics Holdings Company, Ltd. (A)	1,500		5,708
Yamaichi Electronics Company, Ltd.	1,700		19,387
YA-MAN, Ltd. (B)	1,700		11,165
Yamato Kogyo Company, Ltd.	1,400		34,902
Yamazen Corp.	3,900		34,134
Yaoko Company, Ltd.	800		35,844
Yasuda Logistics Corp.	1,400		12,083
Yellow Hat, Ltd.	2,000		29,604
Yodogawa Steel Works, Ltd.	1,200		22,508
Yokogawa Bridge Holdings Corp.	2,100		31,691
Yokohama Reito Company, Ltd.	2,900		27,872
Yokowo Company, Ltd.	1,200		32,977
Yomeishu Seizo Company, Ltd.	500		8,835
Yomiuri Land Company, Ltd. (B)	200		8,284
Yondenko Corp.	600		15,738
Yondoshi Holdings, Inc.	1,300		31,730
Yorozu Corp.	1,800		21,758
Yuasa Trading Company, Ltd.	1,100		31,488
Yume No Machi Souzou Iinkai Company, Ltd.	1,700		25,370
Yumeshin Holdings Company, Ltd. (B)	2,200		17,891
Yurtec Corp.	2,000		12,191
Yushiro Chemical Industry Company, Ltd.	1,100		13,638
Zenrin Company, Ltd.	1,950		33,146
ZIGExN Company, Ltd.	3,400		18,057
Zojirushi Corp.	2,000		26,548
Zuken, Inc.	800		13,832
			25,329,180
Jersey, Channel Islands - 0.1%
Atrium European Real Estate, Ltd. (A)	9,345		37,275
Centamin PLC	71,818		111,179
			148,454
Liechtenstein - 0.0%
Liechtensteinische Landesbank AG	528		33,294
VP Bank AG	126		19,781
			53,075
Luxembourg - 0.3%
APERAM SA	2,726		66,257
Corestate Capital Holding SA (A)(B)	623		22,947
Grand City Properties SA	5,163		116,158
IVS Group SA	880		9,244
L'Occitane International SA	17,000		33,818
Stabilus SA	1,018		49,777
Sword Group	496		16,435
			314,636
Macau - 0.0%
Macau Legend Development, Ltd. (A)	129,000		14,322
Malaysia - 0.1%
Lynas Corp., Ltd. (A)	32,921		60,218
Malta - 0.0%
Kindred Group PLC	8,254		48,175

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Monaco - 0.1%
Endeavour Mining Corp. (A)(B)	3,183	$	60,832
Societe des Bains de Mer et du Cercle des Etrangers a Monaco (A)	273		17,060
			77,892
Mongolia - 0.0%
Mongolian Mining Corp. (A)(B)	34,600		4,118
Netherlands - 3.0%
Aalberts NV	6,065		240,181
Accell Group NV	1,883		45,541
Altice Europe NV (A)	17,790		93,000
AMG Advanced Metallurgical Group NV (B)	1,350		32,464
Amsterdam Commodities NV	1,174		25,405
Arcadis NV	7,063		131,988
Argenx SE (A)	1,546		175,443
ASM International NV	3,323		305,724
ASR Nederland NV	3,049		112,507
Basic-Fit NV (A)(D)	1,607		50,343
BE Semiconductor Industries NV	4,162		130,193
Beter Bed Holding NV (A)(B)	1,056		2,052
Boskalis Westminster (B)	4,705		98,085
Brack Capital Properties NV (A)	230		26,430
Brunel International NV (B)	1,126		12,830
Corbion NV	2,691		78,141
Euronext NV (D)	2,395		196,106
Flow Traders (D)	1,631		42,682
ForFarmers NV	2,398		15,106
Fugro NV (A)(B)	4,374		29,377
GrandVision NV (D)	2,427		72,680
Heijmans NV (A)(B)	2,023		16,930
Hunter Douglas NV	312		20,256
IMCD NV	2,703		199,754
Innoconcepts NV (A)(C)	10,527		0
Intertrust NV (D)	3,549		69,428
Kendrion NV	1,093		21,933
Koninklijke BAM Groep NV	22,307		55,672
Koninklijke Vopak NV (B)	2,848		146,385
Nederland Apparatenfabriek	225		11,129
Nostrum Oil & Gas PLC (A)	1,610		248
OCI NV (A)	1,346		31,746
Ordina NV	5,537		10,142
PostNL NV	35,264		78,155
SBM Offshore NV	9,689		160,678
Shop Apotheke Europe NV (A)(B)(D)	216		8,391
SIF Holding NV (B)	504		7,171
Signify NV (D)	4,913		135,022
Sligro Food Group NV	1,151		32,536
Takeaway.com NV (A)(D)	1,342		106,937
TKH Group NV	1,730		86,206
TomTom NV (A)	5,276		59,161
Van Lanschot Kempen NV	1,125		24,689
			3,198,847
New Zealand - 0.7%
Air New Zealand, Ltd.	18,857		33,077
Chorus, Ltd.	21,283		67,308
Freightways, Ltd.	5,368		27,297
Genesis Energy, Ltd.	22,721		48,668
Gentrack Group, Ltd.	3,060		10,043
Hallenstein Glasson Holdings, Ltd.	3,354		12,269
Heartland Group Holdings, Ltd.	16,456		16,700
Infratil, Ltd.	31,723		97,808
Kathmandu Holdings, Ltd.	4,554		8,699
Mainfreight, Ltd.	1,758		43,939
Metlifecare, Ltd.	10,897		30,438

 

134

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
New Zealand (continued)
NZME, Ltd.	13,259	$	3,692
NZX, Ltd.	13,030		10,531
Oceania Healthcare, Ltd.	33,377		21,319
PGG Wrightson, Ltd.	819		1,205
Pushpay Holdings, Ltd. (A)	10,607		22,297
Restaurant Brands New Zealand, Ltd. (A)	886		6,269
Scales Corp., Ltd.	5,176		16,046
Skellerup Holdings, Ltd.	7,637		10,953
SKY Network Television, Ltd.	18,776		13,177
SKYCITY Entertainment Group, Ltd.	28,677		72,007
Summerset Group Holdings, Ltd.	7,315		30,316
Synlait Milk, Ltd. (A)	4,590		26,166
The New Zealand Refining Company, Ltd.	11,354		14,870
The Warehouse Group, Ltd.	9,894		15,488
Tourism Holdings, Ltd.	6,274		16,626
TOWER, Ltd. (A)	12,717		5,497
Vista Group International, Ltd.	5,589		13,451
Z Energy, Ltd.	10,957		38,441
			734,597
Norway - 1.0%
ABG Sundal Collier Holding ASA (A)	13,972		5,204
AF Gruppen ASA	989		19,670
Akastor ASA (A)	6,104		7,253
Aker Solutions ASA (A)	8,985		24,217
American Shipping Company ASA (A)	1,661		6,061
Atea ASA (A)	4,256		54,767
Austevoll Seafood ASA	2,238		21,253
Axactor SE (A)	11,423		21,622
B2Holding ASA (B)	4,699		3,223
Bonheur ASA	1,672		36,662
Borregaard ASA	6,691		71,387
BW Offshore, Ltd. (A)	4,568		31,445
DNO ASA	36,835		52,843
Europris ASA (D)	10,396		28,750
FLEX LNG, Ltd. (A)	1,570		14,872
Frontline, Ltd. (A)	5,015		45,631
Grieg Seafood ASA	2,264		27,713
Hexagon Composites ASA (A)(B)	9,323		30,308
Hoegh LNG Holdings, Ltd.	2,568		10,285
IDEX ASA (A)	19,564		3,172
Kvaerner ASA (B)	11,623		14,872
NEL ASA (A)(B)	31,894		29,216
Nordic Nanovector ASA (A)	2,098		6,743
Nordic Semiconductor ASA (A)	7,334		41,052
Norway Royal Salmon ASA (B)	1,016		21,873
Norwegian Air Shuttle ASA (A)(B)	6,144		24,288
Norwegian Finans Holding ASA (A)	5,444		45,941
Norwegian Property ASA	8,366		11,674
Ocean Yield ASA (B)	4,830		27,173
Odfjell Drilling, Ltd. (A)	4,970		15,548
Olav Thon Eiendomsselskap ASA	577		9,160
Otello Corp. ASA (A)	6,623		11,558
PGS ASA (A)	19,660		26,604
Prosafe SE (A)	336		353
Protector Forsikring ASA (A)	4,177		20,659
Sbanken ASA (D)	5,201		37,596
Scatec Solar ASA (B)(D)	7,367		94,708
Selvaag Bolig ASA	1,842		10,431
Treasure ASA	3,110		4,700
Veidekke ASA	4,419		49,619
Wilh Wilhelmsen Holding ASA, Class A	862		13,437
XXL ASA (A)(B)(D)	3,048		7,605
			1,041,148

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Peru - 0.0%
Hochschild Mining PLC	16,530	$	41,682
Portugal - 0.4%
Altri SGPS SA	3,125		20,741
Banco Comercial Portugues SA	530,269		110,094
CTT-Correios de Portugal SA	8,914		20,630
Mota-Engil SGPS SA	5,636		11,112
NOS SGPS SA	13,982		76,338
REN - Redes Energeticas Nacionais SGPS SA	21,605		60,275
Semapa-Sociedade de Investimento & Gestao	1,885		24,046
Sonae SGPS SA	44,348		41,292
The Navigator Company SA	12,847		45,935
			410,463
Russia - 0.0%
Highland Gold Mining, Ltd.	7,589		20,123
Petropavlovsk PLC (A)	214,252		25,536
			45,659
Singapore - 1.2%
Accordia Golf Trust	40,300		15,606
AEM Holdings, Ltd.	26,200		21,471
Ascendas India Trust	45,100		50,913
Banyan Tree Holdings, Ltd.	19,800		6,514
Best World International, Ltd. (C)	16,300		16,039
Boustead Projects, Ltd.	3,000		1,997
Boustead Singapore, Ltd.	10,000		5,608
Bukit Sembawang Estates, Ltd.	11,000		38,595
BW LPG, Ltd. (D)	4,059		23,747
China Aviation Oil Singapore Corp., Ltd.	14,400		12,089
Chip Eng Seng Corp., Ltd.	33,000		14,927
CITIC Envirotech, Ltd.	26,900		6,233
COSCO Shipping International Singapore Company, Ltd. (A)	58,900		11,736
CSE Global, Ltd.	34,000		11,430
Delfi, Ltd.	21,900		18,040
Ezion Holdings, Ltd. (A)(C)	131,300		4,085
Far East Orchard, Ltd.	5,000		4,234
First Resources, Ltd.	19,300		22,348
Fraser and Neave, Ltd.	8,600		10,827
Gallant Venture, Ltd. (A)	71,000		6,063
GL, Ltd.	51,700		29,181
Golden Agri-Resources, Ltd.	227,000		36,948
GuocoLand, Ltd.	10,400		15,126
Halcyon Agri Corp., Ltd. (A)	4,293		1,399
Haw Par Corp., Ltd.	5,800		56,132
Ho Bee Land, Ltd.	11,400		19,220
Hong Fok Corp., Ltd.	20,100		11,856
Hong Leong Finance, Ltd.	12,900		24,175
Hyflux, Ltd. (A)	24,000		240
IGG, Inc.	51,000		31,745
Indofood Agri Resources, Ltd.	25,000		5,881
Japfa, Ltd.	35,000		11,403
Kenon Holdings, Ltd.	787		15,679
Keppel Infrastructure Trust	157,190		60,303
Metro Holdings, Ltd.	31,600		21,033
Midas Holdings, Ltd. (A)(C)	86,000		10,155
NetLink NBN Trust	103,600		66,726
OM Holdings, Ltd. (B)	10,791		3,280
OUE, Ltd.	11,100		11,730
Raffles Medical Group, Ltd.	34,841		24,960
RHT Health Trust	26,900		368
Riverstone Holdings, Ltd.	15,700		10,843
SBS Transit, Ltd.	5,000		14,824
Sembcorp Marine, Ltd. (A)	12,200		10,412

 

135

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
Sheng Siong Group, Ltd.	29,900	$	24,011
SIA Engineering Company, Ltd.	12,800		23,906
SIIC Environment Holdings, Ltd.	35,800		6,349
Sinarmas Land, Ltd.	94,200		15,004
Singapore Post, Ltd.	66,100		46,634
Singapore Press Holdings, Ltd.	66,000		99,393
Stamford Land Corp., Ltd.	59,000		20,508
StarHub, Ltd.	25,600		24,080
Swiber Holdings, Ltd. (A)(C)	15,000		710
UMS Holdings, Ltd.	14,000		6,134
United Engineers, Ltd.	32,100		58,744
United Industrial Corp., Ltd.	7,100		14,490
UOB-Kay Hian Holdings, Ltd.	22,407		19,462
Venture Corp., Ltd.	6,800		75,401
Wing Tai Holdings, Ltd.	21,205		31,449
XP Power, Ltd.	824		24,445
Yeo Hiap Seng, Ltd.	1,104		711
Yongnam Holdings, Ltd. (A)	32,625		3,565
			1,291,117
South Africa - 0.0%
Petra Diamonds, Ltd. (A)	87,324		7,018
Spain - 2.1%
Acciona SA	1,605		169,863
Acerinox SA (A)	7,380		63,201
Alantra Partners SA	1,181		18,762
Almirall SA	2,373		41,514
Amper SA (A)	82,546		23,347
Applus Services SA	6,225		80,731
Atresmedia Corp. de Medios de Comunicacion SA	6,046		23,290
Bolsas y Mercados Espanoles SHMSF SA	4,108		103,696
Caja de Ahorros del Mediterraneo (A)(C)	5,428		0
Cellnex Telecom SA (A)(D)	9,173		378,879
Cia de Distribucion Integral Logista Holdings SA	1,412		27,513
CIE Automotive SA	2,718		68,155
Construcciones y Auxiliar de Ferrocarriles SA	1,425		64,685
Distribuidora Internacional de Alimentacion SA (A)(B)	25,044		14,527
Ebro Foods SA	3,323		66,418
eDreams ODIGEO SA (A)	4,905		22,824
Elecnor SA	2,026		21,639
Enagas SA	2,384		55,110
Ence Energia y Celulosa SA	6,294		23,953
Ercros SA	5,006		11,221
Euskaltel SA (D)	3,494		31,032
Faes Farma SA	11,987		61,208
Fluidra SA (A)	1,739		20,624
Fomento de Construcciones y Contratas SA	2,181		25,004
Global Dominion Access SA (A)(D)	5,439		21,880
Grupo Catalana Occidente SA	2,058		65,402
Grupo Empresarial San Jose SA (A)	2,194		16,213
Iberpapel Gestion SA	65		1,842
Indra Sistemas SA (A)	4,996		43,256
Laboratorios Farmaceuticos Rovi SA	987		23,547
Liberbank SA	130,927		40,057
Masmovil Ibercom SA (A)	3,141		63,770
Mediaset Espana Comunicacion SA	7,779		50,142
Melia Hotels International SA	6,008		46,623
Miquel y Costas & Miquel SA	1,474		26,186
Obrascon Huarte Lain SA (A)(B)	14,644		16,870
Pharma Mar SA (A)	13,550		26,923

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
Promotora de Informaciones SA, Class A (A)	11,711	$	16,716
Prosegur Cia de Seguridad SA	10,114		39,424
Realia Business SA (A)	17,710		17,179
Sacyr SA	20,409		52,276
Solaria Energia y Medio Ambiente SA (A)	3,480		21,602
Talgo SA (A)(D)	4,711		26,026
Tecnicas Reunidas SA (A)	830		20,363
Tubacex SA	6,252		17,744
Vidrala SA	814		68,249
Viscofan SA	1,837		86,077
Zardoya Otis SA	7,487		50,845
			2,276,408
Sweden - 3.2%
AcadeMedia AB (A)(D)	3,665		16,958
AddLife AB, B Shares	378		9,906
AddNode Group AB	1,904		30,634
AddTech AB, B Shares	3,734		97,056
AF POYRY AB	4,396		88,329
Ahlstrom-Munksjo OYJ	4,382		67,038
Alimak Group AB (D)	2,777		36,650
Arjo AB, B Shares	8,195		31,048
Atrium Ljungberg AB, B Shares	2,105		46,503
Attendo AB (D)	5,286		23,062
Avanza Bank Holding AB	4,000		32,552
Beijer Alma AB	2,393		29,699
Beijer Ref AB	2,556		58,072
Bergman & Beving AB	2,270		19,324
Betsson AB (A)	5,105		24,707
Bilia AB, A Shares	5,024		39,876
BillerudKorsnas AB (B)	3,397		36,731
BioGaia AB, B Shares	1,327		58,277
Biotage AB	3,574		37,135
Bonava AB, B Shares	3,323		37,626
Bravida Holding AB (D)	6,336		55,554
Bufab AB	1,896		19,785
Bulten AB	717		4,536
Bure Equity AB	3,775		55,149
Byggmax Group AB (A)(B)	5,363		16,011
Catena AB	1,882		61,723
Clas Ohlson AB, B Shares	3,185		30,558
Cloetta AB, B Shares	10,640		30,522
Collector AB (A)	1,870		9,863
Coor Service Management Holding AB (D)	1,376		11,903
Corem Property Group AB, B Shares	3,585		7,828
Dios Fastigheter AB	3,582		31,246
Dometic Group AB (D)	8,866		69,491
Duni AB	2,559		29,174
Dustin Group AB (B)(D)	4,269		34,130
Eastnine AB	1,669		19,363
Enea AB (A)	1,999		29,132
Fagerhult AB	4,609		24,946
FastPartner AB	2,697		24,421
Fingerprint Cards AB, B Shares (A)(B)	26,708		54,105
Granges AB	5,164		52,699
Haldex AB	3,364		17,150
Heba Fastighets AB, Class B	684		5,677
Hembla AB (A)	1,390		30,411
Hemfosa Fastigheter AB	8,774		88,841
HMS Networks AB (B)	1,433		18,484
Hoist Finance AB (A)(B)(D)	2,083		11,833
Inwido AB	3,126		16,824
JM AB	3,363		85,933

 

136

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
KappAhl AB	2,691	$	5,459
Klovern AB, B Shares	34,595		64,546
KNOW IT AB	2,166		40,430
Kungsleden AB	8,561		77,729
Lagercrantz Group AB, B Shares	4,069		51,791
Lindab International AB	6,008		61,230
Loomis AB, B Shares	2,955		103,764
Mekonomen AB (A)(B)	2,150		18,072
Momentum Group AB, Class B	2,270		22,906
Mycronic AB	3,734		46,194
Nederman Holding AB	887		10,516
NetEnt AB (A)	10,634		32,771
New Wave Group AB, B Shares	4,353		24,793
Nobia AB	6,676		38,704
Nobina AB (D)	4,239		26,492
Nolato AB, B Shares	919		49,035
Nordic Waterproofing Holding AS (D)	2,615		22,814
NP3 Fastigheter AB	1,683		16,907
Nyfosa AB (A)	10,620		72,269
OEM International AB, B Shares	1,040		22,500
Peab AB	5,776		51,284
Platzer Fastigheter Holding AB, Series B	5,149		50,301
Pricer AB, B Shares	7,930		10,130
Proact IT Group AB	476		7,357
Qliro Group AB (A)(B)	6,110		5,954
Ratos AB, B Shares	14,845		37,758
RaySearch Laboratories AB (A)	2,452		39,993
Recipharm AB, B Shares	1,796		24,075
Resurs Holding AB (D)	6,236		36,949
Sagax AB, B Shares	5,242		60,148
SAS AB (A)	22,659		28,871
Scandi Standard AB	4,648		32,521
Scandic Hotels Group AB (D)	5,258		42,131
Sectra AB, B Shares (A)	1,006		33,151
Sensys Gatso Group AB (A)	23,414		3,342
SkiStar AB	3,542		45,257
Sweco AB, B Shares	1,131		32,113
Systemair AB	901		12,585
The Thule Group AB (D)	5,686		107,618
Troax Group AB	1,308		13,220
VBG Group AB, B Shares	630		9,242
Vitrolife AB	2,801		45,789
Wihlborgs Fastigheter AB	8,332		135,399
			3,442,585
Switzerland - 5.2%
Allreal Holding AG (A)	841		161,668
ALSO Holding AG (A)	471		67,275
APG SGA SA	136		36,778
Arbonia AG (A)	2,962		35,560
Aryzta AG (A)	42,352		32,264
Ascom Holding AG	2,404		24,871
Autoneum Holding AG (B)	221		24,322
Banque Cantonale de Geneve	142		28,093
Banque Cantonale Vaudoise	105		80,348
Belimo Holding AG	27		148,534
Bell Food Group AG (A)	138		37,478
Bellevue Group AG	467		10,648
Berner Kantonalbank AG	285		61,248
BKW AG	1,315		97,629
Bobst Group SA (B)	632		32,487
Bossard Holding AG, Class A	310		42,709
Bucher Industries AG	463		144,835
Burckhardt Compression Holding AG	82		20,539
Burkhalter Holding AG	218		15,730
Calida Holding AG (A)	285		8,856

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Carlo Gavazzi Holding AG	38	$	9,439
Cembra Money Bank AG	1,587		165,388
Clariant AG (A)	535		10,421
Coltene Holding AG (A)	198		16,143
Conzzeta AG	74		64,432
Daetwyler Holding AG	381		62,053
DKSH Holding AG	375		18,719
dormakaba Holding AG (A)	140		90,293
Dufry AG (A)	454		37,978
EFG International AG (A)	4,687		29,041
Emmi AG	145		118,211
Energiedienst Holding AG	559		17,307
Evolva Holding SA (A)(B)	72,989		11,975
Feintool International Holding AG (A)(B)	142		8,052
Fenix Outdoor International AG	225		20,983
Ferrexpo PLC	22,757		45,108
Flughafen Zurich AG	737		136,419
Forbo Holding AG	47		69,799
GAM Holding AG (A)	11,204		44,975
Georg Fischer AG	261		226,251
Gurit Holding AG	22		29,455
Helvetia Holding AG	1,385		191,153
Hiag Immobilien Holding AG	420		47,513
HOCHDORF Holding AG (A)(B)	124		9,750
Huber & Suhner AG	859		55,316
Hypothekarbank Lenzburg AG	3		13,343
Implenia AG	994		37,348
Inficon Holding AG	129		83,643
Interroll Holding AG	48		89,043
Intershop Holding AG	93		50,234
IWG PLC	38,584		193,858
Jungfraubahn Holding AG	153		23,762
Kardex AG	420		57,992
Komax Holding AG (B)	221		46,555
Kongsberg Automotive ASA (A)(B)	29,400		17,457
Kudelski SA (A)(B)	2,497		15,521
LEM Holding SA	34		40,552
Logitech International SA	1,220		49,578
Luzerner Kantonalbank AG	205		85,530
Metall Zug AG, B Shares	12		24,425
Mobilezone Holding AG (A)	3,642		35,866
Mobimo Holding AG (A)	463		130,843
OC Oerlikon Corp. AG	11,683		117,284
Orascom Development Holding AG (A)	533		8,074
Orell Fuessli Holding AG (B)	92		8,343
Orior AG (A)	425		36,319
Phoenix Mecano AG	38		14,842
Plazza AG, Class A	68		17,302
PSP Swiss Property AG	2,555		324,388
Rieter Holding AG	251		36,010
Romande Energie Holding SA	34		42,245
Schaffner Holding AG (A)	40		8,250
Schmolz + Bickenbach AG (A)(B)	39,436		8,812
Schweiter Technologies AG	48		45,744
SFS Group AG	602		48,014
Siegfried Holding AG (A)	266		104,684
St. Galler Kantonalbank AG, Class A	125		54,852
Sulzer AG	877		86,322
Sunrise Communications Group AG (A)(D)	1,661		129,246
Swiss Prime Site AG (A)	264		25,836
Swissquote Group Holding SA	588		24,455
Tamedia AG	201		19,818
u-blox Holding AG (A)	431		31,120

 

137

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Valiant Holding AG	867	$	86,184
Valora Holding AG (A)	193		52,309
VAT Group AG (A)(D)	1,510		190,433
Vaudoise Assurances Holding SA	64		35,000
Vetropack Holding AG	10		26,487
Von Roll Holding AG (A)	7,878		7,100
Vontobel Holding AG	1,375		74,461
VZ Holding AG	161		48,147
Walliser Kantonalbank	203		23,179
Warteck Invest AG (A)	8		15,945
Ypsomed Holding AG (A)	276		35,625
Zehnder Group AG	615		24,634
Zug Estates Holding AG, B Shares (A)	16		32,542
Zuger Kantonalbank AG	9		54,798
			5,542,400
Taiwan - 0.0%
Ya Hsin Industrial Company, Ltd. (A)(C)	138,000		0
United Kingdom - 15.4%
4imprint Group PLC	1,523		56,260
A.G. Barr PLC	4,718		33,584
AA PLC	34,743		25,627
Afren PLC (A)(C)	55,554		0
Aggreko PLC	12,621		128,927
Alizyme PLC (A)(C)	22,479		0
Alliance Pharma PLC	8,718		7,714
Anglo Pacific Group PLC	12,147		29,403
Anglo-Eastern Plantations PLC	1,225		6,717
Arrow Global Group PLC	6,931		18,477
Ashmore Group PLC	18,787		116,884
AVEVA Group PLC	334		15,177
Avon Rubber PLC	2,322		47,407
B&M European Value Retail SA	35,363		164,886
Babcock International Group PLC	19,872		136,288
Balfour Beatty PLC	34,581		94,304
BBA Aviation PLC	55,280		212,105
BCA Marketplace PLC	3,977		11,518
Beazley PLC	22,416		171,314
Bellway PLC	5,972		245,508
Bodycote PLC	9,417		82,910
boohoo Group PLC (A)	27,067		88,186
Bovis Homes Group PLC	14,876		203,835
Braemar Shipping Services PLC	1,328		3,221
Brewin Dolphin Holdings PLC	15,066		58,903
Britvic PLC	13,590		164,196
Cairn Energy PLC (A)	28,458		67,025
Capital & Counties Properties PLC	29,159		84,319
Card Factory PLC	14,688		30,275
CareTech Holdings PLC	4,102		18,247
Carillion PLC (A)(C)	35,521		4,188
Central Asia Metals PLC	1,507		3,850
Charles Taylor PLC	4,285		16,868
Chemring Group PLC	13,921		33,718
Chesnara PLC	5,125		17,745
Cineworld Group PLC	27,060		75,757
Circassia Pharmaceuticals PLC (A)	9,034		1,870
Clarkson PLC	1,348		40,661
Close Brothers Group PLC	7,194		124,544
CLS Holdings PLC	10,759		31,440
CMC Markets PLC (D)	7,009		9,123
Cobham PLC (A)	120,169		231,598
Computacenter PLC	3,268		51,849
Concentric AB	3,084		37,580
Consort Medical PLC	2,133		19,745
ConvaTec Group PLC (D)	44,809		96,505
Costain Group PLC	4,797		9,189

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Countryside Properties PLC (D)	15,648	$	64,594
Countrywide PLC (A)	23,471		1,144
Cranswick PLC	2,685		97,345
Crest Nicholson Holdings PLC	16,969		79,213
CYBG PLC	28,550		40,231
Daejan Holdings PLC	569		35,156
Daily Mail & General Trust PLC, Class A	9,763		102,384
Dart Group PLC	2,992		33,634
De La Rue PLC	6,976		19,199
Debenhams PLC (A)(C)	76,182		0
Devro PLC	12,253		28,710
DFS Furniture PLC	12,509		34,006
Dialight PLC (A)	105		439
Dialog Semiconductor PLC (A)	5,144		243,625
Dignity PLC	3,439		21,559
Diploma PLC	12,001		245,479
DiscoverIE Group PLC	5,627		29,613
Dixons Carphone PLC	27,350		39,958
Domino's Pizza Group PLC	21,324		66,817
Drax Group PLC	21,413		72,720
Dunelm Group PLC	5,863		60,357
EI Group PLC (A)	24,326		84,145
Electrocomponents PLC	24,912		196,947
Elementis PLC	35,393		64,402
EMIS Group PLC	1,913		23,904
EnQuest PLC (A)	109,392		25,655
Equiniti Group PLC (D)	10,616		28,302
Essentra PLC	14,966		78,196
Euromoney Institutional Investor PLC	4,334		78,794
FDM Group Holdings PLC	3,208		29,191
Fevertree Drinks PLC	3,631		108,007
Firstgroup PLC (A)	97,925		165,609
Forterra PLC (D)	6,408		22,436
Foxtons Group PLC (A)	23,551		14,466
Fuller Smith & Turner PLC, Class A	1,525		22,799
G4S PLC	73,635		171,490
Galliford Try PLC	5,675		46,637
Games Workshop Group PLC	3,497		202,562
Gamesys Group PLC (A)	3,107		28,208
Gamma Communications PLC	597		8,072
Gem Diamonds, Ltd. (A)	12,666		10,766
Genus PLC	561		19,307
GoCo Group PLC	23,140		22,893
Grainger PLC	32,768		99,127
Greene King PLC	20,833		216,852
Greggs PLC	6,454		165,924
Gulf Keystone Petroleum, Ltd.	7,420		20,839
Halfords Group PLC	15,547		32,492
Hastings Group Holdings PLC (D)	4,335		10,977
Hays PLC	77,290		143,285
Headlam Group PLC	6,602		36,823
Helical PLC	8,263		39,589
Henry Boot PLC	5,301		16,159
Hill & Smith Holdings PLC	4,882		75,002
Hilton Food Group PLC	1,880		22,979
Hollywood Bowl Group PLC	8,153		23,275
HomeServe PLC	15,202		221,641
Horizon Discovery Group PLC (A)	5,948		11,364
Howden Joinery Group PLC	61,533		423,496
Hunting PLC	8,331		46,890
Huntsworth PLC	20,713		21,710
Hurricane Energy PLC (A)	21,839		11,388
Hyve Group PLC	58,711		61,551
Ibstock PLC (D)	19,043		55,314

 

138

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
IG Group Holdings PLC	17,144	$	127,017
IMI PLC	13,430		158,524
Inchcape PLC	23,434		181,913
Indivior PLC (A)	37,592		22,419
Inmarsat PLC	15,832		113,903
Intermediate Capital Group PLC	17,568		314,142
International Personal Finance PLC	12,526		17,053
iomart Group PLC	2,265		10,015
IP Group PLC (A)	7,609		5,969
J.D. Wetherspoon PLC	3,666		69,892
James Fisher & Sons PLC	4,181		105,438
James Halstead PLC	2,706		16,775
JD Sports Fashion PLC	17,465		161,198
John Laing Group PLC (D)	9,818		44,391
John Menzies PLC	7,323		36,352
John Wood Group PLC	27,017		125,956
Johnson Service Group PLC	7,514		16,086
Jupiter Fund Management PLC	22,824		99,765
Just Group PLC (A)	20,396		13,286
Kainos Group PLC	4,099		22,710
KAZ Minerals PLC	11,463		61,131
Keller Group PLC	4,206		29,238
Kier Group PLC (B)	12,017		17,275
Kin & Carta PLC	3,492		3,493
Lancashire Holdings, Ltd.	9,054		82,407
Lookers PLC	22,449		15,637
Low & Bonar PLC	44,351		7,976
LSL Property Services PLC	6,404		16,959
M&C Saatchi PLC	253		540
Man Group PLC	80,474		172,770
Marshalls PLC	12,527		101,844
Marston's PLC	37,566		57,031
McBride PLC (A)	14,770		9,697
McCarthy & Stone PLC (D)	19,899		35,481
Mears Group PLC	8,289		26,159
Meggitt PLC	15,323		119,534
Merlin Entertainments PLC (D)	37,023		206,002
Metro Bank PLC (A)	674		1,655
Millennium & Copthorne Hotels PLC	7,233		61,152
Mitchells & Butlers PLC (A)	12,079		56,848
Mitie Group PLC	21,415		38,613
MJ Gleeson PLC	2,770		27,543
Moneysupermarket.com Group PLC	30,606		142,333
Morgan Advanced Materials PLC	14,263		45,741
Morgan Sindall Group PLC	2,826		42,388
N. Brown Group PLC	9,633		13,264
Naked Wines PLC	3,126		9,543
National Express Group PLC	23,513		125,122
NCC Group PLC	13,335		28,583
Next Fifteen Communications Group PLC	2,559		15,709
Non-Standard Finance PLC (D)	12,541		6,159
Northgate PLC	8,929		36,196
On the Beach Group PLC (D)	5,451		25,588
OneSavings Bank PLC	13,146		59,751
Oxford Instruments PLC	4,212		66,145
Pagegroup PLC	14,252		76,828
Pan African Resources PLC (A)	85,815		11,914
Paragon Banking Group PLC	16,092		95,425
PayPoint PLC	2,581		28,866
Pendragon PLC	102,667		11,483
Pennon Group PLC	22,187		225,414
Petrofac, Ltd.	12,318		60,482
Pets at Home Group PLC	18,331		46,820
Phoenix Group Holdings PLC	20,820		176,963

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Photo-Me International PLC	18,684	$	22,111
Polypipe Group PLC	12,035		59,891
Porvair PLC	2,468		18,408
Premier Asset Management Group PLC (B)	4,273		9,856
Premier Foods PLC (A)	41,106		16,358
Premier Oil PLC (A)	52,556		50,238
Provident Financial PLC	7,268		36,409
PZ Cussons PLC	16,024		39,937
QinetiQ Group PLC	27,714		98,399
Quilter PLC (D)	73,775		123,508
Rank Group PLC	7,303		17,036
Rathbone Brothers PLC	2,988		81,649
Reach PLC	27,680		30,271
Redrow PLC	24,688		187,491
Renew Holdings PLC	4,150		19,688
Renewi PLC	86,394		32,084
Renishaw PLC	1,380		62,152
Ricardo PLC	2,982		23,251
Rightmove PLC	6,409		43,365
RM PLC	8,752		29,151
Robert Walters PLC	4,693		31,692
Rotork PLC	41,331		158,091
Royal Mail PLC	3,828		9,939
RPS Group PLC	15,418		27,865
Saga PLC	35,682		22,226
Savannah Petroleum PLC (A)	25,207		7,121
Savills PLC	9,220		99,625
Scapa Group PLC	9,781		25,856
SDL PLC	7,019		46,318
Senior PLC	21,835		50,391
Severfield PLC	11,941		10,437
SIG PLC	58,251		90,084
Sirius Minerals PLC (A)	39,403		1,931
Smart Metering Systems PLC	1,773		8,739
Soco International PLC	16,636		13,037
Softcat PLC	5,177		63,785
Spectris PLC	6,138		184,248
Speedy Hire PLC	24,369		15,435
Spire Healthcare Group PLC (D)	8,597		11,806
Spirent Communications PLC	44,968		109,853
Sportech PLC (A)	11,390		4,285
Sports Direct International PLC (A)	10,048		34,532
SSP Group PLC	24,866		189,345
St. Modwen Properties PLC	9,201		49,113
Stagecoach Group PLC	27,597		45,402
SThree PLC	8,144		30,327
Stobart Group, Ltd.	19,806		30,916
Stock Spirits Group PLC	6,082		17,347
Stolt-Nielsen, Ltd.	2,414		27,761
Studio Retail Group PLC (A)	8,139		19,874
STV Group PLC	2,685		12,770
Superdry PLC	3,110		15,746
Synthomer PLC	15,208		60,594
TalkTalk Telecom Group PLC	31,116		40,122
Tate & Lyle PLC	50,791		459,510
Ted Baker PLC	1,843		21,992
Telecom Plus PLC	6,067		91,616
Telit Communications PLC (A)	5,999		12,167
The Go-Ahead Group PLC	3,820		94,654
The Gym Group PLC (D)	3,234		10,051
The Restaurant Group PLC	8,885		15,541
The Vitec Group PLC	2,842		43,614
The Weir Group PLC	78		1,366
Thomas Cook Group PLC (A)(C)	58,171		0

 

139

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Topps Tiles PLC	15,591	$	13,024
TORM PLC (A)	2,744		23,196
TP ICAP PLC	27,270		114,161
Travis Perkins PLC	16,496		261,660
Trifast PLC	7,237		17,199
TT Electronics PLC	14,769		45,439
Tullow Oil PLC (B)	72,437		189,848
U & I Group PLC	12,008		23,131
Ultra Electronics Holdings PLC	3,309		82,178
Vectura Group PLC (A)	41,947		44,211
Vesuvius PLC	12,719		71,251
Victrex PLC	8,998		238,265
Volex PLC (A)	3,136		3,331
Vp PLC	637		6,342
Watkin Jones PLC	6,905		19,095
WH Smith PLC	5,673		138,620
William Hill PLC	45,198		104,251
Wilmington PLC	8,076		22,300
Wincanton PLC	10,534		29,051
Xaar PLC (A)	5,629		2,879
Zeal Network SE	349		6,513
			16,591,923
United States - 0.4%
Alacer Gold Corp. (A)	21,191		85,573
Argonaut Gold, Inc. (A)	12,132		19,230
Burford Capital, Ltd.	2,002		20,212
Cott Corp.	6,607		82,385
Diversified Gas & Oil PLC	3,018		4,072
Energy Fuels, Inc. (A)(B)	730		1,411
Invesque, Inc.	2,000		13,400
Kingsway Financial Services, Inc. (A)	425		939
PureTech Health PLC (A)	5,400		16,830
REC Silicon ASA (A)(B)	13,597		6,710
Samsonite International SA (D)	32,400		68,640
Sims Metal Management, Ltd.	9,104		63,980
			383,382
TOTAL COMMON STOCKS (Cost $115,218,326)		$	105,533,039
PREFERRED SECURITIES - 0.2%
Germany - 0.2%
Biotest AG	486		11,656
Draegerwerk AG & Company KGaA	721		31,994
FUCHS PETROLUB SE	1,727		64,769
Jungheinrich AG	2,134		46,019

International Small Company Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Germany (continued)
Sixt SE	838	$	55,083
STO SE & Company KGaA	124		12,961
Villeroy & Boch AG	625		8,580
			231,062
TOTAL PREFERRED SECURITIES (Cost $260,567)		$	231,062
RIGHTS - 0.0%
Chip Eng Seng Corp., Ltd. (Expiration Date: 10-11-19; Strike Price: SGD 0.63) (A)	8,250		6
CSG, Ltd. (Expiration Date: 10-21-19; Strike Price: AUD 0.82) (A)	2,196		267
Tahoe Resources, Inc. (Expiration Date: 12-31-49) (A)(C)(E)	19,100		7,250
TOTAL RIGHTS (Cost $0)		$	7,523
SECURITIES LENDING COLLATERAL - 7.1%
John Hancock Collateral Trust, 2.1169% (F)(G)	767,500		7,680,147
TOTAL SECURITIES LENDING COLLATERAL (Cost $7,680,447)		$	7,680,147
Total Investments (International Small Company Trust) (Cost $123,159,340) - 105.4%		$	113,451,771
Other assets and liabilities, net - (5.4%)			(5,851,870)
TOTAL NET ASSETS - 100.0%		$	107,599,901

Currency Abbreviations
AUD	Australian Dollar
SGD	Singapore Dollar
Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $7,078,151.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Mini MSCI EAFE Index Futures	10	Long	Dec 2019	$955,482	$948,950	$(6,532)
						$(6,532)

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

International Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 93.4%
Canada - 4.8%
Alamos Gold, Inc., Class A (A)	535,300	$	3,104,740

International Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Husky Energy, Inc.	439,500	$	3,091,776

 

140

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Wheaton Precious Metals Corp. (A)	290,100	$	7,606,955
			13,803,471
China - 3.7%
Baidu, Inc., ADR (B)	31,360		3,222,554
China Telecom Corp., Ltd., H Shares	6,676,427		3,040,174
Sinopec Engineering Group Company, Ltd., H Shares	3,615,800		2,271,667
Sinopharm Group Company, Ltd., H Shares	676,400		2,114,408
			10,648,803
Denmark - 1.1%
A.P. Moller - Maersk A/S, Series B (A)	2,585		2,922,170
The Drilling Company of 1972 A/S (B)	5,060		283,584
			3,205,754
France - 10.2%
BNP Paribas SA	195,054		9,482,947
Cie de Saint-Gobain	79,800		3,127,590
Cie Generale des Etablissements Michelin SCA	35,049		3,902,476
Sanofi	46,214		4,280,947
TOTAL SA	95,871		4,991,708
Veolia Environnement SA	151,979		3,849,889
			29,635,557
Germany - 6.1%
Bayer AG	94,003		6,622,824
E.ON SE	363,729		3,536,407
Merck KGaA	43,245		4,871,555
Telefonica Deutschland Holding AG	917,992		2,559,090
			17,589,876
Hong Kong - 5.7%
China Mobile, Ltd.	472,500		3,914,073
CK Asset Holdings, Ltd.	677,500		4,590,125
CK Hutchison Holdings, Ltd.	819,000		7,230,239
Value Partners Group, Ltd.	1,681,900		848,337
			16,582,774
India - 0.7%
Hero MotoCorp, Ltd.	56,929		2,162,953
Ireland - 0.9%
Bank of Ireland Group PLC	625,544		2,478,673
Israel - 0.7%
Teva Pharmaceutical Industries, Ltd., ADR (A)(B)	277,758		1,910,975
Italy - 2.1%
Eni SpA	402,518		6,152,416
Japan - 14.0%
Astellas Pharma, Inc.	193,600		2,769,285
Kirin Holdings Company, Ltd.	149,300		3,177,078
Matsumotokiyoshi Holdings Company, Ltd.	61,800		2,267,855
Mitsui Fudosan Company, Ltd.	172,100		4,283,074
Panasonic Corp.	526,700		4,292,441
Seven & i Holdings Company, Ltd.	81,900		3,138,840
Sumitomo Metal Mining Company, Ltd.	123,800		3,866,427
Sumitomo Mitsui Financial Group, Inc.	143,400		4,927,528
Sundrug Company, Ltd.	92,300		2,912,376
Suntory Beverage & Food, Ltd.	62,900		2,692,867
Takeda Pharmaceutical Company, Ltd.	182,243		6,253,793
			40,581,564
Luxembourg - 2.2%
SES SA	230,788		4,206,691

International Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Luxembourg (continued)
Tenaris SA	196,023	$	2,079,107
			6,285,798
Malta - 0.0%
BGP Holdings PLC (B)(C)	2,126,418		0
Netherlands - 9.0%
Flow Traders (D)	112,725		2,949,926
ING Groep NV	807,040		8,430,959
NXP Semiconductors NV	47,400		5,172,288
Royal Dutch Shell PLC, B Shares	225,938		6,677,664
SBM Offshore NV	183,998		3,051,341
			26,282,178
Norway - 1.5%
Equinor ASA	237,210		4,493,275
Portugal - 1.0%
Galp Energia SGPS SA	197,778		2,974,423
Singapore - 1.1%
Singapore Telecommunications, Ltd.	1,467,300		3,292,229
Singapore Telecommunications, Ltd., ADR	2,200		49,115
			3,341,344
South Korea - 10.1%
Hana Financial Group, Inc.	122,908		3,618,040
KB Financial Group, Inc., ADR	218,051		7,788,782
Korea Electric Power Corp. (B)	111,227		2,406,349
Lotte Chemical Corp.	17,403		3,432,089
Samsung Electronics Company, Ltd.	224,221		9,180,517
Shinhan Financial Group Company, Ltd.	81,326		2,841,774
			29,267,551
Switzerland - 3.0%
Roche Holding AG	17,846		5,196,125
UBS Group AG (B)	311,589		3,537,919
			8,734,044
Taiwan - 2.0%
Taiwan Semiconductor Manufacturing Company, Ltd.	659,000		5,852,931
Thailand - 0.6%
Kasikornbank PCL, Foreign Quota Shares	93,000		478,422
Kasikornbank PCL, NVDR	240,400		1,230,339
			1,708,761
United Kingdom - 12.9%
BAE Systems PLC	415,598		2,910,538
Barclays PLC	1,520,800		2,802,061
BP PLC	1,248,730		7,905,374
Johnson Matthey PLC	126,772		4,761,646
Kingfisher PLC	1,327,975		3,374,879
Standard Chartered PLC	1,042,875		8,753,771
Vodafone Group PLC	3,537,096		7,046,943
			37,555,212
TOTAL COMMON STOCKS (Cost $298,004,572)		$	271,248,333
SECURITIES LENDING COLLATERAL - 0.7%
John Hancock Collateral Trust, 2.1169% (E)(F)	206,667		2,068,053
TOTAL SECURITIES LENDING COLLATERAL (Cost $2,068,079)		$	2,068,053

 

141

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 6.7%
U.S. Government Agency - 6.7%
Federal Home Loan Bank Discount Note 1.500%, 10/01/2019 *	$	19,300,000	$	19,300,000
TOTAL SHORT-TERM INVESTMENTS (Cost $19,300,000)			$	19,300,000
Total Investments (International Value Trust) (Cost $319,372,651) - 100.8%			$	292,616,386
Other assets and liabilities, net - (0.8%)				(2,286,839)
TOTAL NET ASSETS - 100.0%			$	290,329,547

Security Abbreviations and Legend
ADR	American Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $1,998,645.
(B)	Non-income producing security.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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 9-30-19.
(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 – 64.1%
U.S. Government – 29.0%
U.S. Treasury Bonds
2.250%, 08/15/2046	$	975,000	$	1,000,594
2.500%, 02/15/2045 (A)		1,204,000		1,296,558
2.500%, 02/15/2046		648,000		698,195
2.875%, 05/15/2043		1,170,000		1,342,346
3.000%, 11/15/2044 to 02/15/2049		3,473,000		4,132,346
3.000%, 11/15/2045 (A)		3,372,000		3,980,277
3.125%, 08/15/2044 (A)		5,535,000		6,636,811
3.125%, 05/15/2048		2,360,000		2,870,811
3.625%, 08/15/2043		680,000		877,625
3.750%, 11/15/2043 (A)		3,789,000		4,987,419
4.375%, 11/15/2039 (A)		2,205,000		3,095,183
5.375%, 02/15/2031		3,000		4,137
U.S. Treasury Inflation Protected Securities
0.375%, 07/15/2027 (A)		7,593,312		7,720,999
0.625%, 01/15/2026		1,997,501		2,049,327
0.875%, 01/15/2029		1,346,280		1,430,893
1.000%, 02/15/2049		443,509		501,857
U.S. Treasury Notes
1.875%, 01/31/2022 to 02/28/2022		7,435,000		7,477,519
2.000%, 06/30/2024 to 02/15/2025 (A)		9,527,000		9,725,324
2.250%, 04/15/2022 to 08/15/2027		3,105,000		3,182,119
2.625%, 02/15/2029		6,305,000		6,825,655
2.750%, 02/15/2024		66,000		69,285
2.875%, 08/15/2028		2,090,000		2,298,429
3.125%, 05/15/2021 (A)		4,240,000		4,333,413
				76,537,122

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency – 35.1%
Federal Home Loan Mortgage Corp.
3.000%, TBA (B)	$	4,500,000	$	4,570,328
3.500%, 03/01/2048 to 06/01/2048		4,715,813		4,867,808
5.000%, 12/01/2034		157,561		172,889
6.500%, 04/01/2029 to 08/01/2034		10,402		12,017
7.500%, 12/01/2025 to 05/01/2028		4,046		4,480
Federal National Mortgage Association
2.500%, TBA (B)		4,300,000		4,336,779
2.500%, 07/01/2030 to 04/01/2045		1,558,596		1,563,363
2.660%, 03/01/2027		815,000		844,265
2.720%, 03/01/2027		746,225		769,860
3.000%, TBA (B)		25,500,000		25,935,192
3.500%, 06/01/2046 to 05/01/2048		11,496,672		11,900,968
4.000%, TBA (B)		5,800,000		6,018,354
4.500%, TBA (B)		3,300,000		3,474,538
5.000%, TBA (B)		1,800,000		1,928,109
Government National Mortgage Association
3.000%, TBA (B)		11,500,000		11,802,773
3.500%, TBA (B)		5,400,000		5,594,406
4.000%, 11/15/2040 to 07/20/2049		3,661,501		3,825,678
4.500%, TBA (B)		4,600,000		4,806,641
6.000%, 08/15/2032 to 04/15/2035		63,705		72,187
6.500%, 06/15/2028 to 02/15/2035		28,127		31,270
7.000%, 11/15/2031 to 11/15/2033		155,719		174,262
				92,706,167
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $164,264,805)			$	169,243,289
FOREIGN GOVERNMENT OBLIGATIONS – 1.3%
Argentina – 0.0%
Republic of Argentina 5.250%, 01/15/2028	EUR	135,000		56,668
Dominican Republic – 0.2%
Government of Dominican Republic 6.400%, 06/05/2049 (C)	$	425,000		452,629
Egypt – 0.2%
Arab Republic of Egypt 16.100%, 05/07/2029	EGP	6,145,000		409,769
Ghana – 0.1%
Republic of Ghana 7.625%, 05/16/2029	$	265,000		265,034
Hungary – 0.0%
Republic of Hungary 6.375%, 03/29/2021		86,000		91,276
Italy – 0.0%
Republic of Italy (6 month EURIBOR + 1.200%) 0.969%, 11/15/2019 (D)	EUR	15,000		16,369
Romania – 0.5%
Government of Romania
3.875%, 10/29/2035		255,000		333,578
4.625%, 04/03/2049 (C)		151,000		213,138
4.625%, 04/03/2049		435,000		615,640
6.125%, 01/22/2044	$	94,000		122,739
				1,285,095
Senegal – 0.1%
Republic of Senegal 6.250%, 05/23/2033		255,000		256,933
Tunisia – 0.1%
Banque Centrale de Tunisie
6.375%, 07/15/2026	EUR	130,000		136,914

 

142

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Tunisia (continued)
Banque Centrale de Tunisie (continued)
6.750%, 10/31/2023 (C)	EUR	190,000	$	208,721
				345,635
United Arab Emirates – 0.1%
Abu Dhabi Government 3.125%, 09/30/2049 (C)	$	330,000		319,688
Uruguay – 0.0%
Republic of Uruguay 4.975%, 04/20/2055		25,000		29,282
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $3,525,749)			$	3,528,378
CORPORATE BONDS – 28.4%
Communication services – 3.4%
AT&T, Inc.
2.950%, 07/15/2026		280,000		284,007
3.800%, 02/15/2027		5,000		5,298
3.875%, 01/15/2026		70,000		74,261
4.125%, 02/17/2026		255,000		275,417
4.300%, 02/15/2030		320,000		352,177
4.350%, 03/01/2029 to 06/15/2045		350,000		383,036
AT&T, Inc. (3 month LIBOR + 0.650%) 2.953%, 01/15/2020 (D)		75,000		75,111
AT&T, Inc. (3 month LIBOR + 0.750%) 2.888%, 06/01/2021 (D)		45,000		45,216
CBS Corp.
3.700%, 06/01/2028		110,000		114,677
4.200%, 06/01/2029		125,000		135,668
Charter Communications Operating LLC
4.908%, 07/23/2025		30,000		32,969
5.125%, 07/01/2049		75,000		79,900
5.750%, 04/01/2048		125,000		142,448
6.484%, 10/23/2045		25,000		30,462
Comcast Cable Communications LLC 8.500%, 05/01/2027		96,000		133,395
Comcast Corp.
3.200%, 07/15/2036		55,000		56,408
3.950%, 10/15/2025		115,000		125,212
4.049%, 11/01/2052		45,000		50,076
4.150%, 10/15/2028		70,000		78,542
4.250%, 10/15/2030		100,000		113,821
4.600%, 10/15/2038		115,000		137,800
4.650%, 07/15/2042		35,000		41,915
4.950%, 10/15/2058		95,000		121,882
Cox Communications, Inc.
3.150%, 08/15/2024 (C)		461,000		472,161
4.800%, 02/01/2035 (C)		30,000		32,631
Discovery Communications LLC
3.800%, 03/13/2024		80,000		83,571
3.950%, 06/15/2025		12,000		12,640
5.000%, 09/20/2037		140,000		150,599
5.300%, 05/15/2049		50,000		55,403
6.350%, 06/01/2040		220,000		268,988
DISH DBS Corp. 6.750%, 06/01/2021		66,000		69,452
Fox Corp. 4.030%, 01/25/2024 (C)		305,000		324,474
Sprint Corp. 7.125%, 06/15/2024		85,000		91,613
Sprint Spectrum Company LLC 5.152%, 03/20/2028 (C)		295,000		320,075
Telecom Italia Capital SA
6.000%, 09/30/2034		15,000		15,975
7.721%, 06/04/2038		25,000		30,250

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Telefonica Celular del Paraguay SA 5.875%, 04/15/2027 (C)	$	200,000	$	213,750
Telefonica Emisiones SA
5.520%, 03/01/2049		230,000		280,314
7.045%, 06/20/2036		170,000		235,440
Tencent Holdings, Ltd.
3.595%, 01/19/2028 (C)		200,000		209,008
3.975%, 04/11/2029 (C)		400,000		428,943
Time Warner Cable LLC
4.500%, 09/15/2042		415,000		408,108
5.875%, 11/15/2040		195,000		218,194
Verizon Communications, Inc.
3.875%, 02/08/2029		135,000		148,263
4.016%, 12/03/2029		180,000		200,124
4.272%, 01/15/2036		160,000		180,199
4.400%, 11/01/2034		225,000		256,476
4.500%, 08/10/2033		55,000		64,002
4.672%, 03/15/2055		72,000		86,325
4.812%, 03/15/2039		120,000		143,903
5.012%, 08/21/2054		170,000		214,126
5.250%, 03/16/2037		70,000		87,001
Verizon Communications, Inc. (3 month LIBOR + 0.550%) 2.700%, 05/22/2020 (D)		55,000		55,148
Viacom, Inc.
4.250%, 09/01/2023 (E)		300,000		318,153
4.375%, 03/15/2043		84,000		86,554
Videotron, Ltd. 5.375%, 06/15/2024 (C)		40,000		43,726
Vodafone Group PLC 4.250%, 09/17/2050		90,000		91,737
WMG Acquisition Corp.
4.875%, 11/01/2024 (C)		65,000		67,194
5.000%, 08/01/2023 (C)		10,000		10,225
				8,864,443
Consumer discretionary – 1.1%
Alibaba Group Holding, Ltd.
3.400%, 12/06/2027		235,000		244,103
4.200%, 12/06/2047		200,000		226,893
Amazon.com, Inc. 3.875%, 08/22/2037		290,000		333,201
Daimler Canada Finance, Inc. 1.800%, 12/16/2019	CAD	100,000		75,430
Ford Motor Company 5.291%, 12/08/2046	$	75,000		69,441
Ford Motor Credit Company LLC
3.815%, 11/02/2027		200,000		189,667
4.542%, 08/01/2026		200,000		199,903
General Motors Company
5.200%, 04/01/2045		125,000		123,392
5.950%, 04/01/2049		40,000		42,831
6.250%, 10/02/2043		140,000		152,965
6.750%, 04/01/2046		180,000		205,820
General Motors Financial Company, Inc. (3 month LIBOR + 1.560%) 3.863%, 01/15/2020 (D)		100,000		100,327
General Motors Financial of Canada, Ltd. 3.080%, 05/22/2020	CAD	50,000		37,884
Las Vegas Sands Corp. 3.500%, 08/18/2026	$	120,000		121,900
Lennar Corp. 4.750%, 11/29/2027		25,000		26,813
Lowe's Companies, Inc.
3.375%, 09/15/2025		370,000		388,539

 

143

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Lowe's Companies, Inc. (continued)
3.700%, 04/15/2046	$	15,000	$	15,086
McDonald's Corp. 3.350%, 04/01/2023		180,000		187,874
PulteGroup, Inc. 5.500%, 03/01/2026		20,000		21,850
Service Corp. International 5.125%, 06/01/2029		5,000		5,344
The William Carter Company 5.625%, 03/15/2027 (C)		15,000		16,050
Toll Brothers Finance Corp. 4.875%, 11/15/2025		50,000		53,500
VOC Escrow, Ltd. 5.000%, 02/15/2028 (C)		10,000		10,326
VW Credit Canada, Inc. 2.500%, 10/01/2019	CAD	200,000		150,957
				3,000,096
Consumer staples – 1.8%
Alimentation Couche-Tard, Inc. 3.319%, 11/01/2019		40,000		30,216
Altria Group, Inc.
2.625%, 09/16/2026	$	80,000		77,396
3.875%, 09/16/2046		70,000		64,423
4.400%, 02/14/2026		100,000		106,899
4.800%, 02/14/2029		280,000		307,056
5.375%, 01/31/2044		185,000		205,769
5.800%, 02/14/2039		250,000		289,899
Anheuser-Busch InBev Worldwide, Inc.
3.750%, 07/15/2042		299,000		307,974
4.600%, 04/15/2048		145,000		167,148
4.750%, 04/15/2058		155,000		180,483
5.450%, 01/23/2039		668,000		845,145
BAT Capital Corp.
2.789%, 09/06/2024		385,000		381,334
4.390%, 08/15/2037		400,000		388,351
Conagra Brands, Inc.
4.300%, 05/01/2024		95,000		101,945
4.600%, 11/01/2025		30,000		32,996
Conagra Brands, Inc. (3 month LIBOR + 0.750%) 3.028%, 10/22/2020 (D)		30,000		30,006
Constellation Brands, Inc. 2.650%, 11/07/2022		155,000		156,735
Molson Coors Brewing Company 3.000%, 07/15/2026		270,000		272,641
NBM US Holdings, Inc. 7.000%, 05/14/2026 (C)		630,000		660,713
Reynolds American, Inc. 4.000%, 06/12/2022		40,000		41,672
				4,648,801
Energy – 2.7%
Canadian Natural Resources, Ltd.
2.050%, 06/01/2020	CAD	50,000		37,685
2.600%, 12/03/2019		100,000		75,537
2.890%, 08/14/2020		55,000		41,729
3.850%, 06/01/2027	$	100,000		105,493
Cimarex Energy Company 4.375%, 03/15/2029 (E)		215,000		226,319
Continental Resources, Inc.
4.375%, 01/15/2028		230,000		237,651
4.500%, 04/15/2023		15,000		15,582
5.000%, 09/15/2022		25,000		25,220
DCP Midstream Operating LP
4.950%, 04/01/2022		20,000		20,650
5.600%, 04/01/2044		30,000		28,050

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Enbridge, Inc. 4.530%, 03/09/2020	CAD	60,000	$	45,724
Encana Corp. 3.900%, 11/15/2021	$	130,000		133,173
Energy Transfer Operating LP
4.200%, 09/15/2023		95,000		99,945
4.500%, 04/15/2024		100,000		106,558
5.250%, 04/15/2029		225,000		253,817
6.250%, 04/15/2049		45,000		54,637
Enterprise Products Operating LLC 3.125%, 07/31/2029		185,000		189,200
EQM Midstream Partners LP
4.125%, 12/01/2026		125,000		116,303
4.750%, 07/15/2023		30,000		30,113
5.500%, 07/15/2028		145,000		145,047
Hess Corp.
5.600%, 02/15/2041		20,000		22,171
6.000%, 01/15/2040		15,000		17,385
7.125%, 03/15/2033		293,000		365,764
7.300%, 08/15/2031		100,000		123,568
Marathon Oil Corp. 3.850%, 06/01/2025		141,000		146,619
Marathon Petroleum Corp. 3.800%, 04/01/2028		40,000		41,700
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/2026 (C)		205,000		206,634
MPLX LP
4.250%, 12/01/2027 (C)		160,000		169,691
4.700%, 04/15/2048		105,000		109,677
5.200%, 03/01/2047		40,000		44,213
5.200%, 12/01/2047 (C)		40,000		43,783
6.250%, 10/15/2022 (C)		15,000		15,376
MPLX LP (3 month LIBOR + 0.900%) 3.002%, 09/09/2021 (D)		10,000		10,033
Noble Energy, Inc. 5.050%, 11/15/2044		205,000		223,756
Occidental Petroleum Corp.
3.500%, 08/15/2029		115,000		116,764
6.950%, 07/01/2024		205,000		240,513
Occidental Petroleum Corp. (3 month LIBOR + 0.950%) 3.137%, 02/08/2021 (D)		10,000		10,064
ONEOK, Inc. 3.400%, 09/01/2029		100,000		98,968
Petroleos Mexicanos
6.750%, 09/21/2047		192,000		184,282
6.840%, 01/23/2030 (C)		405,000		418,851
7.690%, 01/23/2050 (C)		50,000		52,140
Phillips 66 Partners LP
2.450%, 12/15/2024		155,000		154,387
3.150%, 12/15/2029		75,000		73,806
QEP Resources, Inc. 5.375%, 10/01/2022 (E)		40,000		38,262
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		75,000		79,512
5.625%, 03/01/2025		50,000		56,191
Saudi Arabian Oil Company 2.875%, 04/16/2024 (C)		200,000		202,256
SM Energy Company 6.125%, 11/15/2022		35,000		33,542
Sunoco Logistics Partners Operations LP 4.000%, 10/01/2027		115,000		119,051
Texas Eastern Transmission LP
2.800%, 10/15/2022 (C)		50,000		50,446
3.500%, 01/15/2028 (C)		55,000		57,204

 

144

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
The Williams Companies, Inc. 5.100%, 09/15/2045	$	140,000	$	153,371
TransCanada PipeLines, Ltd.
4.625%, 03/01/2034		235,000		266,827
4.750%, 05/15/2038		65,000		74,251
6.100%, 06/01/2040		20,000		25,871
Tullow Oil PLC 7.000%, 03/01/2025 (C)		200,000		203,300
Valero Energy Corp.
4.000%, 04/01/2029		80,000		85,046
4.350%, 06/01/2028		25,000		27,161
Valero Energy Partners LP 4.500%, 03/15/2028		230,000		251,391
Western Midstream Operating LP
4.500%, 03/01/2028 (E)		250,000		241,033
4.750%, 08/15/2028		140,000		137,818
5.500%, 08/15/2048		15,000		13,310
WPX Energy, Inc. 5.250%, 09/15/2024		45,000		46,112
YPF SA 16.500%, 05/09/2022 (C)	ARS	6,797,946		35,810
				7,076,343
Financials – 9.5%
Asian Development Bank 3.000%, 01/17/2023	NZD	1,935,000		1,278,043
Banco Bilbao Vizcaya Argentaria SA (6.125% to 11-16-27, then 5 Year U.S. Swap Rate + 3.870%) 11/16/2027 (F)	$	200,000		191,750
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		240,879
Banco de Sabadell SA (6.500% to 5-18-22, then 5 Year Euro Swap Rate + 6.414%) 05/18/2022 (F)		200,000		217,713
Bank of America Corp.
4.200%, 08/26/2024	$	160,000		171,622
7.750%, 05/14/2038		400,000		608,510
Bank of America Corp. (3.124% to 1-20-22, then 3 month LIBOR + 1.160%) 01/20/2023		35,000		35,700
Bank of America Corp. (3.194% to 7-23-29, then 3 month LIBOR + 1.180%) 07/23/2030		290,000		299,257
Bank of America Corp. (3.366% to 1-23-25, then 3 month LIBOR + 0.810%) 01/23/2026		740,000		771,476
Bank of America Corp. (3.705% to 4-24-27, then 3 month LIBOR + 1.512%) 04/24/2028		755,000		804,108
Bank of America Corp. (3.974% to 2-7-29, then 3 month LIBOR + 1.210%) 02/07/2030		215,000		235,372
Barclays PLC (3.932% to 5-7-24, then 3 month LIBOR + 1.610%) 05/07/2025		200,000		206,624
BNG Bank NV 1.900%, 11/26/2025	AUD	910,000		632,656
BNP Paribas SA (7.625% to 3-30-21, then 5 Year U.S. Swap Rate + 6.314%) 03/30/2021 (C)(F)	$	230,000		242,363
Capital One Financial Corp. 3.900%, 01/29/2024		205,000		216,604
Citigroup, Inc.
3.200%, 10/21/2026		225,000		232,285
4.650%, 07/30/2045		23,000		27,710

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (continued)
4.450%, 09/29/2027	$	45,000	$	49,097
Citigroup, Inc. (3 month LIBOR + 0.790%) 3.128%, 01/10/2020 (D)		100,000		100,125
Citigroup, Inc. (3 month LIBOR + 1.100%) 3.224%, 05/17/2024 (D)		335,000		337,919
Citigroup, Inc. (3.352% to 4-24-24, then 3 month LIBOR + 0.897%) 04/24/2025		340,000		352,609
Citigroup, Inc. (3.520% to 10-27-27, then 3 month LIBOR + 1.151%) 10/27/2028		125,000		130,944
Citigroup, Inc. (3.980% to 3-20-29, then 3 month LIBOR + 1.338%) 03/20/2030		520,000		566,901
Citigroup, Inc. (4.075% to 4-23-28, then 3 month LIBOR + 1.192%) 04/23/2029		220,000		240,224
CNO Financial Group, Inc. 5.250%, 05/30/2025		80,000		85,984
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) 12/23/2025 (C)(F)		400,000		470,598
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		502,300
Credit Suisse Group AG (6.375% to 8-21-26, then 5 Year CMT + 4.822%) 08/21/2026 (C)(F)		200,000		207,000
DAE Funding LLC
4.500%, 08/01/2022 (C)		5,000		5,075
5.000%, 08/01/2024 (C)		5,000		5,213
Danske Bank A/S
5.000%, 01/12/2022 (C)		225,000		236,561
5.375%, 01/12/2024 (C)		235,000		258,156
Genworth Holdings, Inc. 4.900%, 08/15/2023		50,000		47,480
GTP Acquisition Partners I LLC 3.482%, 06/16/2025 (C)		730,000		758,217
HSBC Holdings PLC 2.950%, 05/25/2021		200,000		202,053
HSBC Holdings PLC (3.262% to 3-13-22, then 3 month LIBOR + 1.055%) 03/13/2023		240,000		244,164
HSBC Holdings PLC (4.583% to 6-19-28, then 3 month LIBOR + 1.535%) 06/19/2029		200,000		221,872
HSBC Holdings PLC (6.000% to 5-22-27, then 5 Year U.S. ISDAFIX + 3.746%) 05/22/2027 (F)		225,000		231,417
Inter-American Development Bank 2.750%, 10/30/2025	AUD	1,740,000		1,269,759
International Finance Corp. 1.375%, 09/13/2024	CAD	900,000		667,169
Intesa Sanpaolo SpA (7.750% to 1-11-27, then 5 Year Euro Swap Rate + 7.192%) 01/11/2027 (F)	EUR	225,000		288,462
JPMorgan Chase & Co. (3.220% to 3-1-24, then 3 month LIBOR + 1.155%) 03/01/2025	$	295,000		305,571
JPMorgan Chase & Co. (3.509% to 1-23-28, then 3 month LIBOR + 0.945%) 01/23/2029		285,000		301,241

 

145

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. (3.702% to 5-6-29, then 3 month LIBOR + 1.160%) 05/06/2030	$	335,000	$	359,352
JPMorgan Chase & Co. (3.797% to 7-23-23, then 3 month LIBOR + 0.890%) 07/23/2024		295,000		311,346
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		595,000		643,948
JPMorgan Chase & Co. (4.005% to 4-23-28, then 3 month LIBOR + 1.120%) 04/23/2029		225,000		246,042
KeyCorp 2.550%, 10/01/2029		220,000		214,807
Marsh & McLennan Companies, Inc.
3.875%, 03/15/2024		175,000		186,557
4.375%, 03/15/2029		115,000		130,121
4.750%, 03/15/2039		120,000		144,893
Massachusetts Mutual Life Insurance Company 8.875%, 06/01/2039 (C)		31,000		52,784
MGIC Investment Corp. 5.750%, 08/15/2023		30,000		32,813
MidAmerican Energy Company 3.650%, 08/01/2048		45,000		49,083
Morgan Stanley
2.500%, 04/21/2021		625,000		629,007
3.125%, 07/27/2026		55,000		56,644
3.625%, 01/20/2027		275,000		290,613
3.950%, 04/23/2027		165,000		174,363
4.000%, 07/23/2025		68,000		73,338
4.350%, 09/08/2026		70,000		75,889
Morgan Stanley (3.591% to 7-22-27, then 3 month LIBOR + 1.340%) 07/22/2028		530,000		559,029
Morgan Stanley (4.431% to 1-23-29, then 3 month LIBOR + 1.628%) 01/23/2030		35,000		39,328
Navient Corp. 7.250%, 01/25/2022 to 09/25/2023		85,000		91,920
Royal Bank of Canada 2.550%, 07/16/2024		235,000		238,225
Santander Holdings USA, Inc. 3.700%, 03/28/2022		200,000		205,030
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) 09/13/2021 (C)(F)		375,000		394,538
The Bank of Nova Scotia (3 month LIBOR + 0.620%) 2.747%, 12/05/2019 (D)		100,000		100,110
The Goldman Sachs Group, Inc.
6.250%, 02/01/2041		90,000		124,888
6.750%, 10/01/2037		165,000		222,563
The Goldman Sachs Group, Inc. (2.905% to 7-24-22, then 3 month LIBOR + 0.990%) 07/24/2023		215,000		218,030
The Goldman Sachs Group, Inc. (3 month LIBOR + 0.730%) 2.830%, 12/27/2020 (D)		40,000		40,039
The Goldman Sachs Group, Inc. (3 month LIBOR + 0.800%) 2.927%, 12/13/2019 (D)		110,000		110,148
The Goldman Sachs Group, Inc. (3.814% to 4-23-28, then 3 month LIBOR + 1.158%) 04/23/2029		140,000		148,424

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc. (4.017% to 10-31-37, then 3 month LIBOR + 1.373%) 10/31/2038	$	280,000	$	301,249
The Goldman Sachs Group, Inc. (4.223% to 5-1-28, then 3 month LIBOR + 1.301%) 05/01/2029		225,000		245,456
Toyota Motor Credit Corp. (3 month LIBOR + 0.140%) 2.315%, 11/14/2019 (D)		100,000		100,025
UBS Group Funding Switzerland AG 2.650%, 02/01/2022 (C)		380,000		383,392
UBS Group Funding Switzerland AG (6.875% to 3-22-21, then 5 Year U.S. ISDAFIX + 5.497%) 03/22/2021 (F)		300,000		311,250
UBS Group Funding Switzerland AG (7.000% to 2-19-25, then 5 Year U.S. Swap Rate + 4.866%) 02/19/2025 (F)		200,000		219,310
UniCredit SpA 6.572%, 01/14/2022 (C)		350,000		375,446
UniCredit SpA (5.375% to 6-3-25, then 5 Year Euro Swap Rate + 4.925%) 06/03/2025 (F)	EUR	200,000		212,813
Unum Group
4.000%, 06/15/2029	$	80,000		83,175
4.500%, 12/15/2049		25,000		23,926
Wells Fargo & Company
2.625%, 07/22/2022		175,000		176,947
3.000%, 04/22/2026 to 10/23/2026		310,000		317,923
3.069%, 01/24/2023		605,000		616,295
3.750%, 01/24/2024		330,000		349,486
4.400%, 06/14/2046		85,000		95,508
4.900%, 11/17/2045		15,000		17,955
5.606%, 01/15/2044		15,000		19,402
Wells Fargo & Company (3.584% to 5-22-27, then 3 month LIBOR + 1.310%) 05/22/2028		325,000		344,305
Willis North America, Inc.
2.950%, 09/15/2029		90,000		88,304
3.600%, 05/15/2024		115,000		119,515
				25,064,337
Health care – 2.4%
Aetna, Inc. 2.800%, 06/15/2023		80,000		81,018
Alcon Finance Corp. 3.000%, 09/23/2029 (C)		200,000		202,443
Allergan Finance LLC 4.625%, 10/01/2042		135,000		140,141
Amgen, Inc. 2.650%, 05/11/2022		155,000		157,014
Anthem, Inc.
2.875%, 09/15/2029		190,000		187,876
3.500%, 08/15/2024		165,000		172,952
4.625%, 05/15/2042		130,000		144,085
Bausch Health Companies, Inc.
6.500%, 03/15/2022 (C)		35,000		36,181
7.000%, 03/15/2024 (C)		10,000		10,510
Baxalta, Inc. 3.600%, 06/23/2022		11,000		11,291
Bayer US Finance II LLC 4.250%, 12/15/2025 (C)		460,000		491,105
Becton, Dickinson and Company 3.363%, 06/06/2024		490,000		511,130
Boston Scientific Corp. 4.000%, 03/01/2028		170,000		186,396

 

146

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Bristol-Myers Squibb Company 3.400%, 07/26/2029 (C)	$	170,000	$	181,767
Cigna Corp. 4.375%, 10/15/2028		885,000		970,197
CommonSpirit Health 3.347%, 10/01/2029		145,000		146,640
Community Health Systems, Inc.
5.125%, 08/01/2021		5,000		4,988
6.250%, 03/31/2023		50,000		49,668
CVS Health Corp.
3.875%, 07/20/2025		179,000		189,620
5.050%, 03/25/2048		185,000		210,388
5.125%, 07/20/2045		170,000		193,714
GlaxoSmithKline Capital, Inc. 3.625%, 05/15/2025		325,000		349,561
HCA, Inc. 4.125%, 06/15/2029		275,000		287,942
Hill-Rom Holdings, Inc. 4.375%, 09/15/2027 (C)		10,000		10,224
Mylan NV 5.250%, 06/15/2046		40,000		42,491
Mylan, Inc. 4.550%, 04/15/2028		135,000		143,808
Shire Acquisitions Investments Ireland DAC 2.400%, 09/23/2021		205,000		205,950
Teva Pharmaceutical Finance Netherlands III BV 3.150%, 10/01/2026		345,000		241,500
Thermo Fisher Scientific, Inc. 3.000%, 04/15/2023		40,000		41,166
UnitedHealth Group, Inc.
2.375%, 08/15/2024		170,000		171,090
2.875%, 08/15/2029		150,000		153,011
3.500%, 08/15/2039		100,000		104,158
3.700%, 12/15/2025 to 08/15/2049		150,000		160,656
3.750%, 07/15/2025		98,000		105,459
4.750%, 07/15/2045		50,000		60,712
				6,356,852
Industrials – 1.6%
Avolon Holdings Funding, Ltd. 4.375%, 05/01/2026 (C)		190,000		196,441
Clean Harbors, Inc.
4.875%, 07/15/2027 (C)		5,000		5,219
5.125%, 07/15/2029 (C)		5,000		5,300
CSX Corp.
2.400%, 02/15/2030		130,000		127,050
3.250%, 06/01/2027		180,000		189,038
3.350%, 09/15/2049		50,000		48,884
Fluor Corp. 4.250%, 09/15/2028 (E)		265,000		266,384
HD Supply, Inc. 5.375%, 10/15/2026 (C)		25,000		26,469
IHS Markit, Ltd. 4.125%, 08/01/2023		585,000		615,596
Ingersoll-Rand Global Holding Company, Ltd. 2.900%, 02/21/2021		110,000		110,895
International Airport Finance SA 12.000%, 03/15/2033 (C)(E)		330,000		365,888
Lockheed Martin Corp. 4.090%, 09/15/2052		161,000		190,159
Oshkosh Corp. 5.375%, 03/01/2025		35,000		36,356

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Penske Truck Leasing Company LP 3.450%, 07/01/2024 (C)	$	275,000	$	285,960
Sensata Technologies BV 5.000%, 10/01/2025 (C)		75,000		80,156
Standard Industries, Inc. 5.375%, 11/15/2024 (C)		85,000		87,550
The Boeing Company 3.250%, 02/01/2035		250,000		260,360
Union Pacific Corp. 4.375%, 09/10/2038		345,000		398,197
United Rentals North America, Inc. 5.500%, 07/15/2025 to 05/15/2027		110,000		115,723
United Technologies Corp.
2.800%, 05/04/2024		15,000		15,435
3.650%, 08/16/2023		120,000		126,932
3.950%, 08/16/2025		185,000		202,525
4.450%, 11/16/2038		155,000		184,542
4.625%, 11/16/2048		50,000		62,571
Waste Management, Inc.
3.200%, 06/15/2026		155,000		163,525
3.450%, 06/15/2029		50,000		53,928
4.150%, 07/15/2049		30,000		35,070
				4,256,153
Information technology – 1.7%
Apple, Inc.
2.200%, 09/11/2029		665,000		652,901
3.450%, 02/09/2045		80,000		85,135
4.375%, 05/13/2045		35,000		42,571
Broadcom Corp. 3.875%, 01/15/2027		630,000		633,257
Broadcom, Inc. 4.750%, 04/15/2029 (C)		185,000		195,543
CDW LLC 4.250%, 04/01/2028		5,000		5,101
Entegris, Inc. 4.625%, 02/10/2026 (C)		25,000		25,875
Fidelity National Information Services, Inc. 4.250%, 05/15/2028		60,000		66,949
Fiserv, Inc. 3.200%, 07/01/2026		205,000		212,379
Global Payments, Inc. 3.200%, 08/15/2029		80,000		81,030
Hewlett Packard Enterprise Company 6.350%, 10/15/2045		25,000		29,221
IBM Corp.
3.000%, 05/15/2024		240,000		248,349
3.300%, 05/15/2026		375,000		395,743
3.500%, 05/15/2029		375,000		402,620
Intel Corp. 4.100%, 05/19/2046		100,000		116,413
Microchip Technology, Inc. 4.333%, 06/01/2023		185,000		194,261
Micron Technology, Inc. 4.975%, 02/06/2026		305,000		328,532
Microsoft Corp.
3.700%, 08/08/2046		70,000		80,228
3.950%, 08/08/2056		180,000		212,867
Nokia OYJ 6.625%, 05/15/2039		40,000		47,000
NXP BV 4.875%, 03/01/2024 (C)		340,000		368,711
Oracle Corp. 4.000%, 11/15/2047		95,000		106,749

 

147

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Qorvo, Inc. 5.500%, 07/15/2026	$	20,000	$	21,125
Versum Materials, Inc. 5.500%, 09/30/2024 (C)		20,000		21,300
Western Digital Corp. 4.750%, 02/15/2026		20,000		20,575
				4,594,435
Materials – 1.6%
Alpek SAB de CV 4.250%, 09/18/2029 (C)		200,000		201,500
Anglo American Capital PLC
4.750%, 04/10/2027 (C)		200,000		215,719
4.875%, 05/14/2025 (C)		280,000		304,140
Commercial Metals Company 5.375%, 07/15/2027		20,000		20,250
DuPont de Nemours, Inc. 4.205%, 11/15/2023		410,000		439,621
Glencore Funding LLC 4.875%, 03/12/2029 (C)(E)		200,000		216,165
Kaiser Aluminum Corp. 5.875%, 05/15/2024		65,000		67,672
Methanex Corp.
4.250%, 12/01/2024		170,000		171,337
5.650%, 12/01/2044		45,000		43,431
Nutrien, Ltd. 4.200%, 04/01/2029		55,000		60,562
Olin Corp. 5.125%, 09/15/2027		45,000		46,013
Steel Dynamics, Inc. 5.500%, 10/01/2024		20,000		20,526
Suzano Austria GmbH
5.000%, 01/15/2030		775,000		777,093
6.000%, 01/15/2029		285,000		309,795
Syngenta Finance NV 4.892%, 04/24/2025 (C)		200,000		211,836
The Chemours Company 5.375%, 05/15/2027		45,000		38,814
The Sherwin-Williams Company
2.950%, 08/15/2029		160,000		160,389
3.450%, 06/01/2027		175,000		183,191
Vale Overseas, Ltd.
6.250%, 08/10/2026		265,000		305,413
6.875%, 11/10/2039		45,000		57,319
WRKCo, Inc. 4.650%, 03/15/2026		255,000		279,930
				4,130,716
Real estate – 0.6%
GLP Capital LP 5.300%, 01/15/2029		145,000		159,820
HCP, Inc. 3.250%, 07/15/2026		90,000		92,583
SBA Tower Trust
2.836%, 01/15/2025 (C)		300,000		300,399
3.168%, 04/09/2047 (C)		530,000		535,132
3.448%, 03/15/2023 (C)		435,000		447,877
				1,535,811
Utilities – 2.0%
American Water Capital Corp. 4.150%, 06/01/2049 (E)		110,000		126,447
AmeriGas Partners LP
5.625%, 05/20/2024		20,000		21,413
5.875%, 08/20/2026		40,000		43,862
Berkshire Hathaway Energy Company 3.250%, 04/15/2028		135,000		142,329

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
CenterPoint Energy Houston Electric LLC 4.250%, 02/01/2049	$	45,000	$	54,063
Cleco Corporate Holdings LLC
3.375%, 09/15/2029 (C)		140,000		140,171
4.973%, 05/01/2046		10,000		11,391
Commonwealth Edison Company
3.650%, 06/15/2046		175,000		189,168
4.000%, 03/01/2048		45,000		51,530
Dominion Energy South Carolina, Inc. 5.100%, 06/01/2065		50,000		66,834
DTE Energy Company 1.500%, 10/01/2019		130,000		130,000
Duke Energy Corp. 2.650%, 09/01/2026		100,000		100,476
Duke Energy Florida LLC 3.400%, 10/01/2046		305,000		315,201
Duke Energy Indiana LLC 3.250%, 10/01/2049		155,000		154,533
Duke Energy Progress LLC
3.600%, 09/15/2047		55,000		58,374
3.700%, 10/15/2046		70,000		75,256
Evergy, Inc.
2.450%, 09/15/2024		90,000		89,844
2.900%, 09/15/2029		130,000		128,996
Exelon Corp.
2.450%, 04/15/2021		50,000		50,207
2.850%, 06/15/2020		250,000		251,045
3.950%, 06/15/2025		300,000		321,715
Florida Power & Light Company 3.990%, 03/01/2049		45,000		52,565
Fortis, Inc. 2.100%, 10/04/2021		75,000		74,750
Georgia Power Company
2.000%, 09/08/2020		480,000		479,433
4.300%, 03/15/2042		70,000		76,996
IPALCO Enterprises, Inc. 3.700%, 09/01/2024		175,000		181,231
NextEra Energy Capital Holdings, Inc. 3.150%, 04/01/2024		315,000		325,407
Northern States Power Company 2.900%, 03/01/2050		50,000		48,378
Oglethorpe Power Corp. 5.050%, 10/01/2048		90,000		108,320
Oncor Electric Delivery Company LLC
3.100%, 09/15/2049 (C)		45,000		44,816
5.750%, 03/15/2029		70,000		88,607
PacifiCorp 4.150%, 02/15/2050		45,000		52,704
Public Service Electric & Gas Company 3.800%, 03/01/2046		50,000		55,632
Public Service Enterprise Group, Inc. 2.875%, 06/15/2024		220,000		225,765
Puget Energy, Inc. 3.650%, 05/15/2025		250,000		256,554
Sempra Energy 2.400%, 02/01/2020		155,000		155,009
Southern California Edison Company
2.850%, 08/01/2029 (E)		150,000		151,084
4.000%, 04/01/2047		60,000		64,545
The AES Corp.
4.500%, 03/15/2023		15,000		15,338
5.125%, 09/01/2027		5,000		5,313

 

148

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
The Connecticut Light & Power Company 4.000%, 04/01/2048	$	45,000	$	51,979
The Southern Company
2.950%, 07/01/2023		70,000		71,449
3.250%, 07/01/2026		180,000		185,969
4.400%, 07/01/2046		5,000		5,584
Union Electric Company 4.000%, 04/01/2048		45,000		50,871
				5,351,154
TOTAL CORPORATE BONDS (Cost $71,137,221)			$	74,879,141
MUNICIPAL BONDS – 1.0%
Chicago Board of Education (Illinois)
6.138%, 12/01/2039		85,000		93,782
6.319%, 11/01/2029		185,000		204,747
City of Chicago (Illinois) 7.375%, 01/01/2033		205,000		244,465
Municipal Electric Authority of Georgia 6.637%, 04/01/2057		200,000		276,024
Philadelphia Authority for Industrial Development (Pennsylvania) 6.550%, 10/15/2028		675,000		860,112
State of California
7.300%, 10/01/2039		30,000		46,955
7.550%, 04/01/2039		160,000		264,714
State of Illinois, GO
4.950%, 06/01/2023		414,545		433,942
5.000%, 01/01/2023		40,000		41,858
5.563%, 02/01/2021		80,000		83,097
5.947%, 04/01/2022		120,000		128,635
TOTAL MUNICIPAL BONDS (Cost $2,507,183)			$	2,678,331
TERM LOANS (G) – 1.6%
Communication services – 0.3%
Clear Channel Outdoor Holdings, Inc., Term Loan B (1 month LIBOR + 3.500%) 5.544%, 08/21/2026		140,000		140,300
CSC Holdings LLC, 2018 Term Loan B (1 month LIBOR + 2.500%) 4.528%, 01/25/2026		98,750		98,750
Formula One Management, Ltd., 2018 USD Term Loan (1 month LIBOR + 2.500%) 4.544%, 02/01/2024		131,829		129,950
ION Media Networks, Inc., 2019 Term Loan B (1 month LIBOR + 3.000%) 5.063%, 12/18/2024		206,003		205,488
Sprint Communications, Inc., 1st Lien Term Loan B (1 month LIBOR + 2.500%) 4.563%, 02/02/2024		136,500		135,434
Univision Communications, Inc., Term Loan C5 (1 month LIBOR + 2.750%) 4.794%, 03/15/2024		99,584		96,700
				806,622
Consumer discretionary – 0.4%
Adient US LLC, Term Loan B (3 month LIBOR + 4.250%) 6.781%, 05/06/2024		99,750		97,979
APX Group, Inc., 2018 Term Loan B (Prime rate + 4.000% and 1 month LIBOR + 5.000%) 7.046%, 04/01/2024		198,000		194,040

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (G) (continued)
Consumer discretionary (continued)
Bass Pro Group LLC, Term Loan B (1 month LIBOR + 5.000%) 7.044%, 09/25/2024	$	98,000	$	94,227
Boyd Gaming Corp., Term Loan B3 (1 week LIBOR + 2.250%) 4.166%, 09/15/2023		96,238		96,468
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B (1 month LIBOR + 2.750%) 4.794%, 12/22/2024		109,343		108,577
Golden Entertainment, Inc., 2017 1st Lien Term Loan (1 month LIBOR + 3.000%) 5.060%, 10/21/2024		120,625		120,927
Panther BF Aggregator 2 LP, USD Term Loan B (1 month LIBOR + 3.500%) 5.544%, 04/30/2026		100,000		98,938
Staples, Inc., 7 Year Term Loan (3 month LIBOR + 5.000%) 7.123%, 04/16/2026		128,054		126,160
Sunshine Luxembourg VII Sarl, Term Loan 07/16/2026 TBD (H)		150,000		150,626
				1,087,942
Consumer staples – 0.2%
Brightview Landscapes LLC, 2018 1st Lien Term Loan B (1 month LIBOR + 2.500%) 4.732%, 08/15/2025		171,386		171,814
Coty, Inc., 2018 USD Term Loan B (1 month LIBOR + 2.250%) 4.292%, 04/07/2025		167,702		162,168
Post Holdings, Inc., 2017 Series A Incremental Term Loan (1 month LIBOR + 2.000%) 4.040%, 05/24/2024		35,714		35,794
Reynolds Group Holdings, Inc., USD 2017 Term Loan (1 month LIBOR + 2.750%) 4.794%, 02/05/2023		116,042		116,187
				485,963
Energy – 0.1%
California Resources Corp., Second Out Term Loan (1 month LIBOR + 10.375%) 12.419%, 12/31/2021		110,000		95,494
Foresight Energy LLC, 2017 1st Lien Term Loan (3 month LIBOR + 5.750%) 7.874%, 03/28/2022		121,338		64,309
				159,803
Financials – 0.1%
Asurion LLC, 2018 Term Loan B6 (1 month LIBOR + 3.000%) 5.044%, 11/03/2023		186,368		187,037
Sedgwick Claims Management Services, Inc., 2019 Term Loan B 09/03/2026 TBD (H)		134,663		134,764
				321,801
Health care – 0.2%
Bausch Health Americas, Inc., 2018 Term Loan B (1 month LIBOR + 3.000%) 5.039%, 06/02/2025		86,131		86,445
Change Healthcare Holdings LLC, 2017 Term Loan B (1 month LIBOR + 2.500%) 4.544%, 03/01/2024		117,449		116,832
Endo International PLC, 2017 Term Loan B (1 month LIBOR + 4.250%) 6.296%, 04/29/2024		146,625		133,200

 

149

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (G) (continued)
Health care (continued)
MPH Acquisition Holdings LLC, 2016 Term Loan B (3 month LIBOR + 2.750%) 4.854%, 06/07/2023	$	97,622	$	92,843
One Call Corp., Extended Term Loan B (3 month LIBOR + 5.250%) 7.408%, 11/25/2022		78,622		61,063
				490,383
Industrials – 0.2%
AVSC Holding Corp., 2018 1st Lien Term Loan (1 week, 1 month and 3 month LIBOR + 3.250%) 5.320%, 03/01/2025		74,060		71,530
Brand Industrial Services, Inc., 2017 Term Loan (2 and 3 month LIBOR + 4.250%) 6.514%, 06/21/2024		195,500		190,613
Gardner Denver, Inc., 2017 USD Term Loan B (1 month LIBOR + 2.750%) 4.794%, 07/30/2024		124,008		124,417
RBS Global, Inc., 2017 Term Loan B (1 month LIBOR + 2.000%) 4.044%, 08/21/2024		58,169		58,460
TransDigm, Inc., 2018 Term Loan E (3 month LIBOR + 2.500%) 4.544%, 05/30/2025		98,183		97,703
				542,723
Information technology – 0.1%
Conduent Business Services LLC, USD Term Loan B (1 month LIBOR + 2.500%) 4.544%, 12/07/2023		126,425		123,106
The Ultimate Software Group, Inc., Term Loan B (1 month LIBOR + 3.750%) 5.794%, 05/04/2026		100,000		100,500
WEX, Inc. Term Loan B3 (1 month LIBOR + 2.250%) 4.294%, 05/15/2026		144,533		145,204
				368,810
TOTAL TERM LOANS (Cost $4,386,659)			$	4,264,047
COLLATERALIZED MORTGAGE OBLIGATIONS – 16.4%
Commercial and residential – 12.0%
Alternative Loan Trust
Series 2005-27, Class 2A1 (12 month Treasury Average Index + 1.350%), 3.831%, 08/25/2035 (D)		187,328		170,304
Series 2005-56, Class 5A1 (1 month LIBOR + 0.320%), 2.785%, 11/25/2035 (D)		82,251		75,731
Series 2005-72, Class A1 (1 month LIBOR + 0.540%), 2.685%, 01/25/2036 (D)		25,381		24,892
Series 2005-7CB, Class 2A8 (1 month LIBOR + 0.450%), 2.595%, 04/25/2035 (D)		156,951		142,691
Series 2006-9T1, Class A1, 5.750%, 05/25/2036		102,754		73,464
American Home Mortgage Assets Trust
Series 2006-3, Class 2A11 (12 month Treasury Average Index + 0.940%), 3.421%, 10/25/2046 (D)		47,686		42,894
Series 2007-2, Class A1 (1 month LIBOR + 0.125%), 2.270%, 03/25/2047 (D)		25,946		24,014

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Angel Oak Mortgage Trust Series 2019-3, Class A1 2.930%, 05/25/2059 (C)(I)	$	845,218	$	850,717
Angel Oak Mortgage Trust I LLC Series 2019-2, Class A1 3.628%, 03/25/2049 (C)(I)		201,716		204,534
Arroyo Mortgage Trust Series 2019-2, Class A1 3.347%, 04/25/2049 (C)(I)		831,315		843,780
BANK
Series 2017-BNK8, Class XA IO, 0.881%, 11/15/2050		4,485,191		227,509
Series 2019-BN18, Class XA IO, 1.052%, 05/15/2062		1,429,234		104,044
Series 2019-BN20, Class XA IO, 0.842%, 09/15/2061		2,465,000		171,123
BBCMS Mortgage Trust
Series 2017-C1, Class XA IO, 1.672%, 02/15/2050		3,405,863		292,323
Series 2017-DELC, Class A (1 month LIBOR + 0.850%), 2.878%, 08/15/2036 (C)(D)		949,000		948,404
BBCMS Trust Series 2013-TYSN, Class A2 3.756%, 09/05/2032 (C)		330,000		333,246
BCAP LLC Trust Series 2006-AA2, Class A1 (1 month LIBOR + 0.170%) 2.188%, 01/25/2037 (D)		140,757		134,961
Bear Stearns ALT-A Trust Series 2005-10, Class 11A1 (1 month LIBOR + 0.500%) 2.518%, 01/25/2036 (D)		169,658		184,771
Bear Stearns Mortgage Funding Trust Series 2006-AR3, Class 1A1 (1 month LIBOR + 0.180%) 2.198%, 10/25/2036 (D)		15,677		15,010
Bellemeade Re, Ltd.
Series 2018-2A, Class M1A (1 month LIBOR + 0.950%), 3.095%, 08/25/2028 (C)(D)		273,333		273,413
Series 2018-3A, Class M1A (1 month LIBOR + 1.200%), 3.345%, 10/25/2027 (C)(D)		571,610		571,947
Series 2019-1A, Class M1A (1 month LIBOR + 1.300%), 3.445%, 03/25/2029 (C)(D)		389,279		389,516
Series 2019-3A, Class M1A (1 month LIBOR + 1.100%), 3.245%, 07/25/2029 (C)(D)		215,000		215,092
Benchmark Mortgage Trust
Series 2018-B1, Class XA IO, 0.662%, 01/15/2051		1,345,601		47,385
Series 2018-B4, Class XA IO, 0.693%, 07/15/2051		2,394,479		85,577
Series 2018-B8, Class XA IO, 0.830%, 01/15/2052		4,923,440		249,087
Series 2019-B12, Class XA IO, 1.207%, 08/15/2052		1,099,760		84,447
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) 4.578%, 12/15/2037 (C)(D)		355,000		357,878

 

150

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Chase Mortgage Finance Trust Series 2005-S3, Class A10 5.500%, 11/25/2035	$	187,533	$	185,006
CHL Mortgage Pass-Through Trust
Series 2005-2, Class 2A3 (1 month LIBOR + 0.680%), 2.825%, 03/25/2035 (D)		42,611		39,711
Series 2007-HY4, Class 1A1, 4.011%, 09/25/2047 (I)		120,611		114,612
CIM Trust Series 2017-7, Class A 3.000%, 04/25/2057 (C)(I)		584,072		585,997
Citigroup Commercial Mortgage Trust
Series 2014-GC23, Class XA IO, 1.108%, 07/10/2047		2,035,125		83,486
Series 2015-GC29, Class XA IO, 1.241%, 04/10/2048		2,014,640		86,458
COLT Mortgage Loan Trust
Series 2019-2, Class A1, 3.337%, 05/25/2049 (C)(I)		393,969		400,741
Series 2019-4, Class A1 , 2.579%, 11/25/2049 (C)(I)		535,000		534,996
Commercial Mortgage Trust (Bank of America Merrill Lynch/Deutsche Bank AG) Series 2013-WWP, Class A2 3.424%, 03/10/2031 (C)		800,000		835,871
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR16, Class A4, 4.051%, 04/10/2047		480,000		515,390
Series 2014-CR17, Class A5, 3.977%, 05/10/2047		390,000		418,747
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2013-300P, Class A1, 4.353%, 08/10/2030 (C)		260,000		278,522
Series 2015-3BP, Class A, 3.178%, 02/10/2035 (C)		580,000		606,853
CSAIL Commercial Mortgage Trust
Series 2015-C1, Class A4, 3.505%, 04/15/2050		15,000		15,899
Series 2015-C2, Class XA IO, 0.917%, 06/15/2057		5,236,679		182,768
Series 2016-C6, Class XA IO, 1.943%, 01/15/2049		1,669,644		134,304
CSMC Trust Series 2017-FHA1, Class A1 3.250%, 04/25/2047 (C)(I)		264,061		265,246
Deephaven Residential Mortgage Trust
Series 2017-2A, Class A1, 2.453%, 06/25/2047 (C)(I)		95,283		94,974
Series 2019-2A, Class A1, 3.558%, 04/25/2059 (C)(I)		407,697		411,354
Series 2019-3A, Class A1, 2.964%, 07/25/2059 (C)(I)		865,774		869,606
Deutsche Alt-A Securities Mortgage Loan Trust Series 2007-AR2, Class A1 (1 month LIBOR + 0.150%) 2.168%, 03/25/2037 (D)		67,242		63,708

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
FREMF Mortgage Trust Series 2010-K8, Class B 5.446%, 09/25/2043 (C)(I)	$	520,000	$	527,360
GMACM Mortgage Loan Trust Series 2006-AR1, Class 1A1 4.182%, 04/19/2036 (I)		165,178		154,608
GS Mortgage Securities Trust
Series 2012-ALOH, Class A, 3.551%, 04/10/2034 (C)		670,000		689,323
Series 2014-GC20, Class A5, 3.998%, 04/10/2047		395,000		423,466
GSR Mortgage Loan Trust
Series 2006-AR1, Class 2A1, 4.383%, 01/25/2036 (I)		7,232		7,359
Series 2007-1F, Class 4A1 (1 month LIBOR + 0.300%), 2.445%, 01/25/2037 (D)		114,410		49,845
HarborView Mortgage Loan Trust
Series 2005-8, Class 1A2A (1 month LIBOR + 0.660%), 2.842%, 09/19/2035 (D)		42,052		37,808
Series 2006-12, Class 2A13 (1 month LIBOR + 0.240%), 2.297%, 12/19/2036 (D)		222,812		211,839
Series 2007-7, Class 2A1B (1 month LIBOR + 1.000%), 3.145%, 10/25/2037 (D)		90,246		75,160
Series 2006-12, Class 2A2A (1 month LIBOR + 0.190%), 2.247%, 01/19/2038 (D)		81,450		78,690
Home Re, Ltd. Series 2018-1, Class M1 (1 month LIBOR + 1.600%) 4.030%, 10/25/2028 (C)(D)		316,365		316,542
IndyMac INDA Mortgage Loan Trust Series 2006-AR3, Class 1A1 4.312%, 12/25/2036 (I)		63,038		60,123
JPMBB Commercial Mortgage Securities Trust
Series 2014-C19, Class A4, 3.997%, 04/15/2047		395,000		423,852
Series 2014-C22, Class A4, 3.801%, 09/15/2047		135,000		144,447
JPMorgan Mortgage Trust Series 2006-A3, Class 3A2 4.203%, 05/25/2036 (I)		16,146		16,044
Legacy Mortgage Asset Trust Series 2019-GS6, Class A1 7.000%, 06/25/2059 (C)		457,964		458,995
Lehman XS Trust Series 2006-16N, Class A4A (1 month LIBOR + 0.190%) 2.335%, 11/25/2046 (D)		173,872		165,160
LSTAR Securities Investment Trust
Series 2019-1, Class A1 (1 month LIBOR + 1.700%), 3.930%, 03/01/2024 (C)(D)		297,951		298,878
Series 2019-2, Class A1 (1 month LIBOR + 1.500%), 3.730%, 04/01/2024 (C)(D)		88,302		88,445
Series 2019-3, Class A1 (1 month LIBOR + 1.500%), 3.730%, 04/01/2024 (C)(D)		275,589		276,173

 

151

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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 Trust (continued)
Series 2019-4, Class A1 (1 month LIBOR + 1.500%), 3.730%, 05/01/2024 (C)(D)	$	605,351	$	606,066
Luminent Mortgage Trust Series 2006-4, Class A1A (1 month LIBOR + 0.190%) 2.208%, 05/25/2046 (D)		159,290		145,344
MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 3A7 4.749%, 11/21/2034 (I)		29,097		29,880
MFA Trust Series 2017-RPL1, Class A1 2.588%, 02/25/2057 (C)(I)		126,714		125,906
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19, Class XA IO 1.199%, 12/15/2047		1,133,840		46,694
Morgan Stanley Capital I Trust
Series 2014-150E, Class A, 3.912%, 09/09/2032 (C)		610,000		653,457
Series 2014-MP, Class A, 3.469%, 08/11/2033 (C)		475,000		486,581
Series 2017-H1, Class XA IO, 1.598%, 06/15/2050		771,698		59,093
MTRO Commercial Mortgage Trust Series 2019-TECH, Class D (1 month LIBOR + 1.800%) 3.828%, 12/15/2033 (C)(D)		300,000		300,188
New Residential Mortgage Loan Trust
Series 2016-2A, Class A1, 3.750%, 11/26/2035 (C)(I)		427,456		441,323
Series 2016-4A, Class A1, 3.750%, 11/25/2056 (C)(I)		435,955		450,445
Series 2017-1A, Class A1, 4.000%, 02/25/2057 (C)(I)		808,329		839,510
Series 2017-2A, Class A3, 4.000%, 03/25/2057 (C)(I)		734,386		764,849
Series 2017-3A, Class A1, 4.000%, 04/25/2057 (C)(I)		579,887		600,820
Series 2017-4A, Class A1, 4.000%, 05/25/2057 (C)(I)		463,926		483,904
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%), 3.645%, 06/25/2057 (C)(D)		494,743		501,992
Series 2017-6A, Class A1, 4.000%, 08/27/2057 (C)(I)		656,567		684,340
Series 2018-1A, Class A1A, 4.000%, 12/25/2057 (C)(I)		274,455		284,654
Series 2018-4A, Class A1S (1 month LIBOR + 0.750%), 2.895%, 01/25/2048 (C)(D)		655,323		653,378
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (C)(I)		280,000		280,015
Oaktown Re II, Ltd. Series 2018-1A, Class M1 (1 month LIBOR + 1.550%) 3.695%, 07/25/2028 (C)(D)		377,153		377,617

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Oaktown Re III, Ltd. Series 2019-1A, Class M1A (1 month LIBOR + 1.400%) 3.418%, 07/25/2029 (C)(D)	$	645,000	$	646,048
OBP Depositor LLC Trust Series 2010-OBP, Class A 4.646%, 07/15/2045 (C)		311,000		313,035
OBX Trust Series 2019-INV1, Class A8 4.000%, 11/25/2048 (C)(I)		614,789		630,964
PMT Credit Risk Transfer Trust Series 2019-1R, Class A (1 month LIBOR + 2.000%) 4.241%, 03/27/2024 (C)(D)		404,059		403,908
Radnor RE, Ltd. Series 2019-2, Class M1A (1 month LIBOR + 1.200%) 3.345%, 06/25/2029 (C)(D)		524,130		523,773
RALI Series Trust
Series 2007-QH7, Class 1A1 (1 month LIBOR + 0.250%), 2.268%, 08/25/2037 (D)		83,421		79,864
Series 2007-QH9, Class A1, 3.724%, 11/25/2037 (I)		85,770		80,086
Seasoned Credit Risk Transfer Trust Series 2019-3, Class MV 3.500%, 10/25/2058		134,605		143,804
STACR Trust Series 2018-HRP1, Class M2 (1 month LIBOR + 1.650%) 3.795%, 04/25/2043 (C)(D)		144,477		144,880
Verus Securitization Trust Series 2019-2, Class A1 3.211%, 04/25/2059 (C)(I)		407,037		409,267
WaMu Mortgage Pass-Through Certificates Series 2007-HY6, Class 1A1 3.740%, 06/25/2037 (I)		21,868		20,788
Washington Mutual Mortgage Pass-Through Certificates Series 2006-5, Class 1A1 (1 month LIBOR + 0.600%) 2.745%, 07/25/2036 (D)		33,407		22,333
Wells Fargo Commercial Mortgage Trust
Series 2014-LC16, Class A5, 3.817%, 08/15/2050		310,000		330,639
Series 2015-NXS1, Class D, 4.235%, 05/15/2048 (I)		40,000		40,996
Series 2015-NXS1, Class XA IO, 1.276%, 05/15/2048		2,049,041		83,112
Series 2015-NXS3, Class XA IO, 1.282%, 09/15/2057		4,551,994		173,557
Wells Fargo Mortgage Backed Securities Trust Series 2006-AR2, Class 2A1 5.005%, 03/25/2036 (I)		18,888		19,408
WF-RBS Commercial Mortgage Trust Series 2014-C19, Class A5 4.101%, 03/15/2047		304,634		327,948
				31,577,586

 

152

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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 – 4.4%
Federal Home Loan Mortgage Corp.
Series 3883, Class PB, 3.000%, 05/15/2041	$	129,782	$	134,260
Series 4139, Class PA, 2.500%, 11/15/2041		476,994		483,609
Series K064, Class X1 IO, 0.743%, 03/25/2027		2,308,695		92,174
Series K068, Class A2, 3.244%, 08/25/2027		545,000		588,093
Federal National Mortgage Association
Series 2012-18, Class GA, 2.000%, 12/25/2041		217,738		216,529
Series 2012-21, Class PQ, 2.000%, 09/25/2041		113,995		113,389
Series 2012-52, Class PA, 3.500%, 05/25/2042		130,132		136,208
Series 2012-75, Class KC, 2.500%, 12/25/2041		224,937		227,422
Series 2014-C04, Class 1M2 (1 month LIBOR + 4.900%), 6.918%, 11/25/2024 (D)		133,973		146,229
Series 2015-48, Class QB, 3.000%, 02/25/2043		304,095		311,107
Series 2015-C04, Class 1M2 (1 month LIBOR + 5.700%), 7.718%, 04/25/2028 (D)		71,575		78,588
Series 2016-11, Class GA, 2.500%, 03/25/2046		197,260		199,384
Series 2016-38, Class NA , 3.000%, 01/25/2046		84,518		87,211
Series 2016-C02, Class 1M2 (1 month LIBOR + 6.000%), 8.018%, 09/25/2028 (D)		61,424		66,968
Series 2016-C07, Class 2M2 (1 month LIBOR + 4.350%), 6.368%, 05/25/2029 (D)		450,470		474,813
Series 2017-26, Class CG, 3.500%, 07/25/2044		332,492		348,140
Series 2017-34, Class JK, 3.000%, 05/25/2047		175,709		180,624
Series 2017-35, Class AH, 3.500%, 04/25/2053		374,079		385,029
Series 2017-49, Class JA, 4.000%, 07/25/2053		289,972		302,348
Series 2017-72, Class B, 3.000%, 09/25/2047		280,580		288,730
Series 2017-72, Class CD, 3.000%, 09/25/2047		292,721		301,237
Series 2017-84, Class KA, 3.500%, 04/25/2053		226,066		232,125
Series 2017-96, Class PA, 3.000%, 12/25/2054		343,555		353,634
Series 2017-C01, Class 1M2 (1 month LIBOR + 3.550%), 5.695%, 07/25/2029 (D)		240,000		252,235
Series 2018-19, Class DC, 3.500%, 05/25/2056		163,176		171,978
Series 2018-23, Class LA, 3.500%, 04/25/2048		268,941		281,961
Series 2018-38, Class PC, 3.500%, 03/25/2045		328,182		335,263
Series 2018-70, Class HA, 3.500%, 10/25/2056		322,814		340,779

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 2018-72, Class BA, 3.500%, 07/25/2054	$	414,601	$	429,876
Series 2018-77, Class PA, 3.500%, 02/25/2048		151,651		157,432
Series 2018-80, Class GD, 3.500%, 12/25/2047		363,548		376,388
Series 2019-12, Class HA, 3.500%, 11/25/2057		325,181		343,097
Series 2019-14, Class CA, 3.500%, 04/25/2049		313,233		330,419
Series 2019-15, Class AB, 3.500%, 05/25/2053		308,863		325,131
Series 2019-28, Class JA, 3.500%, 06/25/2059		298,658		317,347
Series 2019-41, Class AC, 2.500%, 03/25/2053		363,034		364,923
Series 2019-45, Class PT, 3.000%, 08/25/2049		474,719		488,415
Series 2019-7, Class CA, 3.500%, 11/25/2057		311,077		328,244
Series 2019-7, Class JA, 3.500%, 03/25/2049		315,418		329,194
Series 415, Class A3, 3.000%, 11/25/2042		360,193		370,880
Government National Mortgage Association
Series 2006-38, Class XS IO, 5.223%, 09/16/2035		60,221		6,792
Series 2013-37, Class LG, 2.000%, 01/20/2042		336,035		333,347
				11,631,552
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $42,529,402)			$	43,209,138
ASSET BACKED SECURITIES – 10.9%
ABFC Trust Series 2006-HE1, Class A2D (1 month LIBOR + 0.220%) 2.238%, 01/25/2037 (D)		131,655		89,502
AIMCO CLO Series 2015-AA, Class AR (3 month LIBOR + 0.850%) 3.153%, 01/15/2028 (C)(D)		365,000		364,299
ALM XII, Ltd. Series 2015-12A, Class A1R2 (3 month LIBOR + 0.890%) 3.669%, 04/16/2027 (C)(D)		712,165		712,053
AmeriCredit Automobile Receivables Trust Series 2019-3, Class D 2.580%, 09/18/2025		295,000		295,305
Atrium XII Series 12A, Class AR (3 month LIBOR + 0.830%) 3.108%, 04/22/2027 (C)(D)		765,000		764,963
Avery Point IV CLO, Ltd. Series 2014-1A, Class AR (3 month LIBOR + 1.100%) 3.376%, 04/25/2026 (C)(D)		480,159		480,229
Bayview Koitere Fund Trust Series 2017-RT4, Class A 3.500%, 07/28/2057 (C)(I)		625,938		637,665

 

153

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Bayview Mortgage Fund IVc Trust Series 2017-RT3, Class A 3.500%, 01/28/2058 (C)(I)	$	419,860	$	426,668
Bayview Opportunity Master Fund IVa Trust
Series 2017-SPL1, Class A 4.000%, 10/28/2064 (C)(I)		518,130		533,128
Series 2017-SPL5, Class A 3.500%, 06/28/2057 (C)(I)		314,297		319,623
Bayview Opportunity Master Fund IVb Trust
Series 2017-SPL3, Class A 4.000%, 11/28/2053 (C)(I)		240,479		247,235
Series 2017-SPL4, Class A 3.500%, 01/28/2055 (C)(I)		269,183		273,529
CAL Funding II, Ltd. Series 2012-1A, Class A 3.470%, 10/25/2027 (C)		61,667		62,125
Carlyle Global Market Strategies CLO, Ltd. Series 2015-2A, Class A1R (3 month LIBOR + 0.780%) 3.036%, 04/27/2027 (C)(D)		748,759		748,755
CIG Auto Receivables Trust Series 2017-1A, Class A 2.710%, 05/15/2023 (C)		37,826		37,865
CLUB Credit Trust Series 2017-P2, Class A 2.610%, 01/15/2024 (C)		58,228		58,243
Credit Acceptance Auto Loan Trust Series 2017-3A, Class A 2.650%, 06/15/2026 (C)		300,000		300,810
Domino's Pizza Master Issuer LLC Series 2018-1A, Class A2I 4.116%, 07/25/2048 (C)		365,375		379,303
Drive Auto Receivables Trust Series 2019-4, Class D 3.070%, 02/16/2027		255,000		255,059
First Franklin Mortgage Loan Trust Series 2006-FF12, Class A5 (1 month LIBOR + 0.310%) 2.455%, 09/25/2036 (D)		240,000		219,879
GSAA Home Equity Trust
Series 2006-15, Class AF6 5.876%, 09/25/2036		424,202		197,540
Series 2006-20, Class 2A1A (1 month LIBOR + 0.050%) 2.068%, 12/25/2046 (D)		314,835		206,984
Series 2006-10, Class AF3 5.985%, 06/25/2036 (I)		170,004		76,268
GSAA Trust Series 2005-7, Class AF4 5.058%, 05/25/2035		311,494		325,423
GSAMP Trust Series 2007-FM2, Class A2B (1 month LIBOR + 0.090%) 2.108%, 01/25/2037 (D)		251,612		168,446
LCM XX LP Series 2020-A, Class AR (3 month LIBOR + 1.040%) 3.318%, 10/20/2027 (C)(D)		490,000		490,250
Legacy Mortgage Asset Trust Series 2018-GS1, Class A1 4.000%, 03/25/2058 (C)		836,427		842,907

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Madison Park Funding XII, Ltd. Series 2014-12A, Class B1R (3 month LIBOR + 1.650%) 3.928%, 07/20/2026 (C)(D)	$	530,000	$	530,037
MFA LLC Series 2017-NPL1, Class A1 3.352%, 11/25/2047 (C)		490,380		492,765
New Residential Mortgage LLC Series 2018-FNT2, Class A 3.790%, 07/25/2054 (C)		751,094		763,638
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (C)		425,762		427,835
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (C)		262,527		264,367
Oak Hill Advisors Residential Loan Trust Series 2017-NPL1, Class A1 3.000%, 06/25/2057 (C)		16,906		16,905
OCP CLO, Ltd.
Series 2015-8A, Class A1R (3 month LIBOR + 0.850%) 3.153%, 04/17/2027 (C)(D)		976,391		976,400
Series 2015-9A, Class A1R (3 month LIBOR + 0.800%) 3.103%, 07/15/2027 (C)(D)		765,000		765,012
OneMain Financial Issuance Trust Series 2017-1A, Class A1 2.370%, 09/14/2032 (C)		889,000		888,316
OZLM XII, Ltd. Series 2015-12A, Class A1R (3 month LIBOR + 1.050%) 3.316%, 04/30/2027 (C)(D)		1,025,000		1,024,754
Palmer Square Loan Funding, Ltd. Series 2018-5A, Class A1 (3 month LIBOR + 0.850%) 3.128%, 01/20/2027 (C)(D)		573,696		573,205
Pretium Mortgage Credit Partners I
Series 2019-CFL1, Class A1 3.721%, 01/25/2059 (C)		364,244		363,462
Series 2019-NPL3, Class A1 3.105%, 07/27/2059 (C)		645,000		645,434
PRPM LLC
Series 2018-2A, Class A1 4.000%, 08/25/2023 (C)(I)		425,774		427,950
Series 2018-3A, Class A1 4.483%, 10/25/2023 (C)(I)		702,388		710,081
Securitized Asset Backed Receivables LLC Trust Series 2006-HE1, Class A2B (1 month LIBOR + 0.090%) 2.108%, 07/25/2036 (D)		150,427		77,423
Shackleton VIII CLO, Ltd. Series 2015-8A, Class A1R (3 month LIBOR + 0.920%) 3.198%, 10/20/2027 (C)(D)		1,285,000		1,283,135
Skopos Auto Receivables Trust Series 2018-1A, Class A 3.190%, 09/15/2021 (C)		54,929		54,959
SoFi Consumer Loan Program LLC
Series 2016-2, Class A 3.090%, 10/27/2025 (C)		74,255		74,447
Series 2016-3, Class A 3.050%, 12/26/2025 (C)		95,561		95,928
Series 2017-1, Class A 3.280%, 01/26/2026 (C)		82,692		83,267
Series 2017-3, Class A 2.770%, 05/25/2026 (C)		47,129		47,272

 

154

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
SoFi Consumer Loan Program LLC (continued)
Series 2017-4, Class A 2.500%, 05/26/2026 (C)	$	93,808	$	93,924
Soundview Home Loan Trust Series 2007-OPT2, Class 2A3 (1 month LIBOR + 0.180%) 2.325%, 07/25/2037 (D)		37,758		34,624
Springleaf Funding Trust Series 2016-AA, Class A 2.900%, 11/15/2029 (C)		255,558		255,596
Springleaf Funding Trust Series 2017-AA, Class A 2.680%, 07/15/2030 (C)		900,000		902,111
SPS Servicer Advance Receivables Trust
Series 2016-T2, Class AT2 2.750%, 11/15/2049 (C)		540,000		539,716
Series 2018-T1, Class AT1 3.620%, 10/17/2050 (C)		132,000		133,819
TICP CLO III-2, Ltd. Series 2018-3R, Class A (3 month LIBOR + 0.840%) 3.118%, 04/20/2028 (C)(D)		390,000		388,163
Towd Point Mortgage Trust
Series 2015-3, Class A1B 3.000%, 03/25/2054 (C)(I)		25,112		25,180
Series 2015-4, Class A1B 2.750%, 04/25/2055 (C)(I)		102,620		102,567
Series 2016-2, Class A1A 2.750%, 08/25/2055 (C)(I)		275,602		276,685
Series 2016-3, Class A1 2.250%, 04/25/2056 (C)(I)		337,520		336,150
Series 2017-1, Class A1 2.750%, 10/25/2056 (C)(I)		819,751		827,219
Series 2017-2, Class A1 2.750%, 04/25/2057 (C)(I)		201,616		203,145
Series 2017-3, Class A1 2.750%, 07/25/2057 (C)(I)		365,854		366,875
Series 2017-4, Class A1 2.750%, 06/25/2057 (C)(I)		546,706		550,923
Series 2017-5, Class A1 (1 month LIBOR + 0.600%) 2.745%, 02/25/2057 (C)(D)		456,563		454,808
Venture XXI CLO, Ltd. Series 2015-21A, Class AR (3 month LIBOR + 0.880%) 3.183%, 07/15/2027 (C)(D)		915,000		914,995
VOLT LXII LLC Series 2017-NPL9, Class A1 3.125%, 09/25/2047 (C)		102,774		102,831
VOLT LXIV LLC Series 2017-NP11, Class A1 3.375%, 10/25/2047 (C)		351,631		352,169
VOLT LXXI LLC Series 2018-NPL7, Class A1A 3.967%, 09/25/2048 (C)		146,886		147,593
VOLT LXXX LLC Series 2019-NPL6, Class A1A 3.228%, 10/25/2049 (C)		655,000		655,692
Wendy's Funding LLC Series 2018-1A, Class A2II 3.884%, 03/15/2048 (C)		230,888		237,470

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Westlake Automobile Receivables Trust Series 2017-2A, Class D 3.280%, 12/15/2022 (C)	$	535,000	$	539,291
Wingstop Funding LLC Series 2018-1, Class A2 4.970%, 12/05/2048 (C)		213,925		222,153
TOTAL ASSET BACKED SECURITIES (Cost $28,737,331)			$	28,764,347
SECURITIES LENDING COLLATERAL – 0.6%
John Hancock Collateral Trust, 2.1169% (J)(K)		160,670		1,607,781
TOTAL SECURITIES LENDING COLLATERAL (Cost $1,607,854)			$	1,607,781
CERTIFICATE OF DEPOSIT – 0.0%
Credit Agricole Corporate and Investment Bank (3 month LIBOR + 0.400%) 2.766%, 09/24/2020 (D)	$	50,000		50,072
TOTAL CERTIFICATE OF DEPOSIT (Cost $50,009)			$	50,072
SHORT-TERM INVESTMENTS – 5.2%
Banker's acceptance – 0.1%
Canadian Imperial Bank of Commerce 1.794%, 01/20/2020 *	CAD	10,000		7,506
Royal Bank of Canada 1.786%, 10/07/2019 *		65,000		49,045
				56,551
Foreign government – 0.9%
Italy Treasury Bill
(0.254)%, 10/14/2019 *	EUR	35,000		38,153
(0.117)%, 10/30/2019 *		15,000		16,352
Japan Treasury Discount Bill
(0.156)%, 11/25/2019 *	JPY	110,650,000		1,023,655
(0.141)%, 12/16/2019 *		41,950,000		388,154
(0.139)%, 10/21/2019 *		62,850,000		581,315
(0.126)%, 10/28/2019 *		6,450,000		59,660
(0.098)%, 11/11/2019 *		21,750,000		201,197
Nova Scotia Treasury Bill 1.690%, 10/03/2019 *	CAD	75,000		56,602
Spain Treasury Bill (0.584)%, 01/17/2020 *	EUR	55,000		60,030
				2,425,118
Repurchase agreement – 4.2%
Deutsche Bank Tri-Party Repurchase Agreement dated 9-30-19 at 2.400% to be repurchased at $11,100,740 on 10-1-19, collateralized by $11,335,000 U.S. Treasury Notes, 1.500% due 9-15-22 (valued at $11,322,057, including interest)	$	11,100,000		11,100,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,612,016)			$	13,581,669
Total Investments (Investment Quality Bond Trust) (Cost $332,358,229) – 129.5%			$	341,806,193
Other assets and liabilities, net – (29.5%)				(77,857,810)
TOTAL NET ASSETS – 100.0%			$	263,948,383

Currency Abbreviations
ARS	Argentine Peso
AUD	Australian Dollar
CAD	Canadian Dollar
EGP	Egyptian Pound
EUR	Euro
JPY	Japanese Yen
NZD	New Zealand Dollar

 

155

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
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)	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 $65,015,900 or 24.6% of the fund's net assets as of 9-30-19.
(D)	Variable rate obligation. The coupon rate shown represents the rate at period end.

Investment Quality Bond Trust (continued)

(E)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $1,574,102.
(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)	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)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Canada Government Bond Futures	17	Long	Dec 2019	$1,821,221	$1,829,792	$8,571
5-Year U.S. Treasury Note Futures	9	Long	Dec 2019	1,072,212	1,072,336	124
U.S. Treasury Long Bond Futures	20	Long	Dec 2019	3,240,422	3,246,250	5,828
Ultra U.S. Treasury Bond Futures	4	Long	Dec 2019	755,039	767,626	12,587
10-Year U.S. Treasury Note Futures	48	Short	Dec 2019	(6,247,006)	(6,255,000)	(7,994)
10-Year Ultra U.S. Treasury Bond Futures	12	Short	Dec 2019	(1,728,353)	(1,708,875)	19,478
2-Year U.S. Treasury Note Futures	35	Short	Dec 2019	(7,531,615)	(7,542,500)	(10,885)
Euro-Buxl Futures	1	Short	Dec 2019	(242,652)	(237,064)	5,588
						$33,297

^ 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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	1,885,209	AUD	2,791,000	DB	10/31/2019	—	$(496)
USD	37,643	CAD	50,000	GSI	10/1/2019	—	(97)
USD	113,781	CAD	150,000	SSB	10/1/2019	$560	—
USD	18,952	CAD	25,000	JPM	10/3/2019	81	—
USD	38,010	CAD	50,000	SSB	10/3/2019	268	—
USD	49,420	CAD	65,000	CITI	10/7/2019	353	—
USD	19,036	CAD	25,000	NWM	11/1/2019	156	—
USD	11,318	CAD	15,000	SCB	11/1/2019	—	(10)
USD	676,143	CAD	892,000	NWM	11/5/2019	2,483	—
USD	75,822	CAD	100,000	GSI	12/3/2019	270	—
USD	75,539	CAD	100,000	BNP	12/16/2019	—	(34)
USD	7,536	CAD	10,000	SSB	1/21/2020	—	(25)
USD	45,696	CAD	60,000	MSI	3/9/2020	326	—
USD	38,099	CAD	50,000	MSI	5/22/2020	293	—
USD	37,596	CAD	50,000	DB	6/1/2020	—	(209)
USD	11,414	CAD	15,000	CITI	8/14/2020	75	—
USD	30,160	CAD	40,000	MSI	8/14/2020	—	(78)
USD	39,266	EUR	35,000	SSB	10/15/2019	1,080	—
USD	17,168	EUR	15,000	MSI	10/30/2019	784	—
USD	985,108	EUR	893,000	CITI	10/31/2019	9,656	—
USD	17,187	EUR	15,000	MSI	11/15/2019	785	—

156

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	1,324,248	EUR	1,193,000	JPM	12/18/2019	$16,196	—
USD	349,041	EUR	317,000	MSI	12/18/2019	1,470	—
USD	60,780	EUR	55,000	SSB	1/17/2020	332	—
USD	588,273	JPY	62,850,000	JPM	10/21/2019	6,283	—
USD	59,780	JPY	6,450,000	JPM	10/28/2019	25	—
USD	85,481	JPY	9,000,000	CITI	11/12/2019	2,022	—
USD	121,058	JPY	12,750,000	JPM	11/12/2019	2,825	—
USD	1,055,899	JPY	110,650,000	MSI	11/25/2019	28,956	—
USD	390,193	JPY	41,950,000	JPM	12/16/2019	173	—
USD	1,294,823	NZD	2,061,000	JPM	11/29/2019	2,486	—
						$77,938	$(949)

SWAPS

Interest rate swaps
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
JPM	5,100,000	USD	Fixed 4.318%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2028	—	$(1,278,511)	$(1,278,511)
JPM	2,100,000	USD	Fixed 3.425%	USD LIBOR BBA	Semi-Annual	Quarterly	Jun 2039	—	(643,179)	(643,179)
								—	$(1,921,690)	$(1,921,690)
Centrally cleared	3,540,000	USD	Fixed 2.360%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(152,684)	(152,684)
Centrally cleared	3,310,000	USD	Fixed 2.359%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(142,603)	(142,603)
Centrally cleared	4,720,000	USD	Fixed 2.358%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(203,120)	(203,120)
Centrally cleared	3,445,000	USD	Fixed 2.363%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(149,004)	(149,004)
Centrally cleared	1,620,000	USD	Fixed 1.625%	USD Federal Funds Rate Compounded OIS	Annual	Annual	Nov 2026	—	(29,098)	(29,098)
Centrally cleared	1,640,000	USD	Fixed 2.750%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2047	$(34,797)	(368,853)	(403,650)
								$(34,797)	$(1,045,362)	$(1,080,159)
								$(34,797)	$(2,967,052)	$(3,001,849)

Credit default swaps - Buyer
Counterparty (OTC)/ Centrally cleared	Reference obligation	Notional amount	Currency	USD notional amount	Pay fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	CDX.NA.IG.32	1,141,000	USD	$1,141,000	1.000%	Quarterly	Jun 2024	$(19,990)	$(4,648)	$(24,638)
Centrally cleared	Republic of Turkey	165,000	USD	165,000	1.000%	Quarterly	Jun 2024	18,829	(2,034)	16,795
				$1,306,000				$(1,161)	$(6,682)	$(7,843)

Credit default swaps - Seller
Counterparty (OTC)/ Centrally cleared	Reference obligation	Implied credit spread	Notional amount	Currency	USD notional amount	Received fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
DB	CMBX.NA.BBB-.6	6.275%	110,000	USD	$110,000	3.000%	Monthly	May 2063	$(17,984)	$8,987	$(8,997)
GSI	CMBX.NA.BBB-.6	6.275%	140,000	USD	140,000	3.000%	Monthly	May 2063	(22,731)	11,280	(11,451)
MSI	CMBX.NA.BBB-.6	6.275%	255,000	USD	255,000	3.000%	Monthly	May 2063	(40,296)	19,439	(20,857)
MSI	CMBX.NA.BBB-.6	6.275%	130,000	USD	130,000	3.000%	Monthly	May 2063	(20,886)	10,253	(10,633)
MSI	CMBX.NA.BBB-.6	6.275%	115,000	USD	115,000	3.000%	Monthly	May 2063	(18,828)	9,422	(9,406)
MSI	CMBX.NA.BBB-.6	6.275%	69,000	USD	69,000	3.000%	Monthly	May 2063	(11,303)	5,659	(5,644)
					$819,000				$(132,028)	$65,040	$(66,988)
Centrally cleared	CDX.EM.31	2.054%	430,000	USD	430,000	1.000%	Quarterly	Jun 2024	(10,856)	(8,618)	(19,474)
Centrally cleared	CDX.NA.HY.32	3.275%	1,064,250	USD	1,064,250	5.000%	Quarterly	Jun 2024	54,913	22,627	77,540
Centrally cleared	Republic of Turkey	3.403%	165,000	USD	165,000	1.000%	Quarterly	Jun 2024	(18,201)	1,827	(16,374)
Centrally cleared	CDX.EM.32	2.077%	1,000,000	USD	1,000,000	1.000%	Quarterly	Dec 2024	(51,423)	777	(50,646)
					$2,659,250				$(25,567)	$16,613	$(8,954)
					$3,478,250				$(157,595)	$81,653	$(75,942)

157

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Derivatives Currency Abbreviations
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
JPY	Japanese Yen
NZD	New Zealand Dollar
USD	U.S. Dollar

Derivatives Abbreviations
BBA	The British Banker's Association
BNP	BNP Paribas
CITI	Citibank, N.A.
DB	Deutsche Bank AG
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, N.A.
LIBOR	London Interbank Offered Rate
MSI	Morgan Stanley & Co. International PLC
NWM	NatWest Markets PLC
OIS	Overnight Index Swap
OTC	Over-the-counter
SCB	Standard Chartered Bank
SSB	State Street Bank and Trust Company

Lifestyle Aggressive Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 82.5%
Equity - 82.5%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	1,438,953	$	27,239,377
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $26,108,743)		$	27,239,377
UNAFFILIATED INVESTMENT COMPANIES - 17.7%
Exchange-traded funds - 17.7%
Financial Select Sector SPDR Fund	21,335		597,380
Vanguard Energy ETF	5,198		405,548
Vanguard FTSE Emerging Markets ETF	42,872		1,726,028
Vanguard Health Care ETF	1,381		231,566
Vanguard Information Technology ETF	3,879		836,118
Vanguard Materials ETF	1,111		140,408
Vanguard Mid-Cap ETF	6,087		1,020,181
Vanguard Real Estate ETF	3,600		335,700
Vanguard Small-Cap ETF	3,533		543,693
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $5,395,730)		$	5,836,622
SHORT-TERM INVESTMENTS - 0.0%
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	7,604		7,604
TOTAL SHORT-TERM INVESTMENTS (Cost $7,604)		$	7,604
Total Investments (Lifestyle Aggressive Portfolio) (Cost $31,512,077) - 100.2%		$	33,083,603
Other assets and liabilities, net - (0.2%)			(73,768)
TOTAL NET ASSETS - 100.0%		$	33,009,835

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.

Lifestyle Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 50.0%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	26,053,199	$	493,187,051
Fixed income - 50.0%
Select Bond, Series NAV, JHVIT (MIM US) (B)	35,227,647		493,187,052
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $925,109,287)		$	986,374,103
Total Investments (Lifestyle Balanced Portfolio) (Cost $925,109,287) - 100.0%		$	986,374,103
Other assets and liabilities, net - (0.0%)			(114,378)
TOTAL NET ASSETS - 100.0%		$	986,259,725

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.

Lifestyle Conservative Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 20.0%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	1,966,068	$	37,217,672
Fixed income - 80.0%
Select Bond, Series NAV, JHVIT (MIM US) (B)	10,654,453		149,162,339
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $181,365,739)		$	186,380,011

 

158

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Lifestyle Conservative Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	102	$	102
TOTAL SHORT-TERM INVESTMENTS (Cost $102)		$	102
Total Investments (Lifestyle Conservative Portfolio) (Cost $181,365,841) - 100.0%		$	186,380,113
Other assets and liabilities, net - (0.0%)			(40,458)
TOTAL NET ASSETS - 100.0%		$	186,339,655

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.

Lifestyle Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 70.4%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	226,353,378	$	4,284,869,445
Fixed income - 29.6%
Select Bond, Series NAV, JHVIT (MIM US) (B)	128,619,418		1,800,671,852
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,603,779,312)		$	6,085,541,297
Total Investments (Lifestyle Growth Portfolio) (Cost $5,603,779,312) - 100.0%		$	6,085,541,297
Other assets and liabilities, net - (0.0%)			(457,111)
TOTAL NET ASSETS - 100.0%		$	6,085,084,186

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.

Lifestyle Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 40.0%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	6,440,951	$	121,927,206
Fixed income - 60.0%
Select Bond, Series NAV, JHVIT (MIM US) (B)	13,075,252		183,053,529
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $288,958,504)		$	304,980,735

Lifestyle Moderate Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	54	$	54
TOTAL SHORT-TERM INVESTMENTS (Cost $54)		$	54
Total Investments (Lifestyle Moderate Portfolio) (Cost $288,958,558) - 100.0%		$	304,980,789
Other assets and liabilities, net - (0.0%)			(52,374)
TOTAL NET ASSETS - 100.0%		$	304,928,415

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.

Managed Volatility Aggressive Portfolio

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 87.1%
Equity - 87.1%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)		1,096,165	$	34,584,015
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)		2,475,507		25,943,317
Equity Income, Series NAV, JHVIT (T. Rowe Price)		2,466,711		35,668,638
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)		755,697		35,956,041
Mid Cap Stock, Series NAV, JHVIT (Wellington)		756,267		12,735,540
Mid Value, Series NAV, JHVIT (T. Rowe Price)		1,495,272		13,397,636
Multifactor Developed International ETF, JHETF (DFA)		495,165		13,779,303
Multifactor Emerging Markets ETF, JHETF (DFA)		456,158		11,146,038
Multifactor Large Cap ETF, JHETF (DFA)		539,926		20,749,356
Multifactor Mid Cap ETF, JHETF (DFA)		269,784		9,933,447
Multifactor Small Cap ETF, JHETF (DFA)		555,602		14,528,881
Small Cap Growth, Class NAV, JHF II (Redwood)		285,932		4,483,419
Small Cap Value, Series NAV, JHVIT (Wellington)		283,460		4,762,126
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)		3,954,597		74,860,528
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $315,642,145)			$	312,528,285
UNAFFILIATED INVESTMENT COMPANIES - 11.8%
Equity - 11.8%
Fidelity 500 Index Fund		47,021		4,886,398
Fidelity International Index Fund		916,490		37,566,939
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $39,123,578)			$	42,453,337
SHORT-TERM INVESTMENTS - 1.1%
Commercial paper - 0.1%
Children's Hospital Medical Center 2.060%, 10/02/2019 *	$	180,000		180,000
State of California 2.240%, 10/16/2019 *		290,000		289,971
				469,971

 

159

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Managed Volatility Aggressive Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
U.S. Government Agency - 0.9%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	328,000	$	328,000
Federal Farm Credit Bank Discount Note 1.990%, 10/29/2019 *		460,000		459,327
Federal Home Loan Bank Discount Note 1.511%, 10/01/2019 *		2,386,000		2,386,000
				3,173,327
Money market funds - 0.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)		340,743		340,743
TOTAL SHORT-TERM INVESTMENTS (Cost $3,984,031)			$	3,984,041
Total Investments (Managed Volatility Aggressive Portfolio) (Cost $358,749,754) - 100.0%			$	358,965,663
Other assets and liabilities, net - 0.0%				143,508
TOTAL NET ASSETS - 100.0%			$	359,109,171

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
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)	The rate shown is the annualized seven-day yield as of 9-30-19.
*	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.

Managed Volatility Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.0%
Equity - 49.2%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	8,399,495	$	265,004,070
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	19,012,050		199,246,286
Equity Income, Series NAV, JHVIT (T. Rowe Price)	18,678,142		270,085,938
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	6,598,154		313,940,168
Mid Cap Stock, Series NAV, JHVIT (Wellington)	3,990,577		67,201,322
Mid Value, Series NAV, JHVIT (T. Rowe Price)	7,924,460		71,003,162
Multifactor Developed International ETF, JHETF (DFA)	4,305,457		119,810,966
Multifactor Emerging Markets ETF, JHETF (DFA)	3,519,051		85,986,604
Multifactor Large Cap ETF, JHETF (DFA)	4,277,249		164,374,679
Multifactor Mid Cap ETF, JHETF (DFA)	3,002,384		110,547,779
Multifactor Small Cap ETF, JHETF (DFA)	3,279,104		85,747,914
Small Cap Growth, Class NAV, JHF II (Redwood)	2,203,634		34,552,978
Small Cap Value, Series NAV, JHVIT (Wellington)	2,234,836		37,545,251
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	77,886,048		1,474,382,885
			3,299,430,002

Managed Volatility Balanced Portfolio (continued)

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Fixed income - 48.8%
Bond, Class NAV, JHSB (MIM US) (B)		51,646,072	$	840,798,047
Core Bond, Series NAV, JHVIT (Wells Capital)		21,553,086		292,044,317
Select Bond, Series NAV, JHVIT (MIM US) (B)		153,021,055		2,142,294,776
				3,275,137,140
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $6,312,949,268)			$	6,574,567,142
UNAFFILIATED INVESTMENT COMPANIES - 0.7%
Equity - 0.7%
Fidelity 500 Index Fund		429,370		44,620,160
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $42,755,152)			$	44,620,160
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.1%
U.S. Government Agency - 0.1%
Federal Agricultural Mortgage Corp. 1.900%, 08/20/2020	$	2,500,000		2,498,721
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $2,500,000)			$	2,498,721
SHORT-TERM INVESTMENTS - 0.8%
Commercial paper - 0.7%
Children's Hospital Medical Center 2.060%, 10/02/2019 *		5,055,000		5,055,000
Salt River Project Agricultural Improvement & Power District
2.050%, 10/16/2019 *		15,225,000		15,199,858
2.070%, 01/15/2020 *		5,930,000		5,888,742
2.100%, 10/15/2019 *		5,905,000		5,896,044
State of California 2.240%, 10/16/2019 *		6,095,000		6,094,391
University of Chicago 2.080%, 10/15/2019 *		3,740,000		3,733,950
Yale University 1.940%, 01/15/2020 *		5,900,000		5,864,507
				47,732,492
U.S. Government Agency - 0.1%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *		276,000		276,000
Federal Farm Credit Bank Discount Note 1.990%, 10/29/2019 *		4,715,000		4,708,106
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		2,007,000		2,007,000
				6,991,106
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)		544,963		544,963
TOTAL SHORT-TERM INVESTMENTS (Cost $55,294,968)			$	55,268,561
Total Investments (Managed Volatility Balanced Portfolio) (Cost $6,413,499,388) - 99.6%			$	6,676,954,584
Other assets and liabilities, net - 0.4%				29,407,694
TOTAL NET ASSETS - 100.0%			$	6,706,362,278

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund

 

160

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)

JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.

Managed Volatility Balanced Portfolio (continued)

(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
*	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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro FX Futures	208	Long	Dec 2019	$28,964,617	$28,502,500	$(462,117)
Euro STOXX 50 Index Futures	748	Long	Dec 2019	28,560,434	28,983,305	422,871
FTSE 100 Index Futures	132	Long	Dec 2019	11,831,076	11,983,460	152,384
Japanese Yen Currency Futures	126	Long	Dec 2019	14,813,407	14,644,350	(169,057)
MSCI Emerging Markets Index Futures	840	Long	Dec 2019	43,215,959	42,079,800	(1,136,159)
Nikkei 225 Index Futures	75	Long	Dec 2019	14,574,000	15,149,133	575,133
Pound Sterling Currency Futures	153	Long	Dec 2019	11,834,239	11,792,475	(41,764)
Russell 2000 E-Mini Index Futures	158	Long	Dec 2019	12,509,598	12,047,500	(462,098)
S&P 500 Index E-Mini Futures	1,386	Long	Dec 2019	208,516,313	206,358,075	(2,158,238)
S&P Mid 400 Index E-Mini Futures	210	Long	Dec 2019	41,299,516	40,698,000	(601,516)
						$(3,880,561)

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

Managed Volatility Conservative Portfolio

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.6%
Equity - 19.6%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)		722,565	$	22,796,940
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)		1,029,939		10,793,756
Equity Income, Series NAV, JHVIT (T. Rowe Price)		1,584,125		22,906,449
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)		473,727		22,539,940
Multifactor Developed International ETF, JHETF (DFA)		18,479		514,228
Multifactor Emerging Markets ETF, JHETF (DFA)		185,802		4,539,998
Multifactor Large Cap ETF, JHETF (DFA)		306,757		11,788,672
Multifactor Mid Cap ETF, JHETF (DFA)		388,527		14,305,564
Multifactor Small Cap ETF, JHETF (DFA)		333,035		8,708,799
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)		5,323,721		100,778,045
				219,672,391
Fixed income - 79.0%
Bond, Class NAV, JHSB (MIM US) (B)		13,998,547		227,896,346
Core Bond, Series NAV, JHVIT (Wells Capital)		5,830,523		79,003,588
Select Bond, Series NAV, JHVIT (MIM US) (B)		41,468,523		580,559,321
				887,459,255
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,070,417,769)			$	1,107,131,646
UNAFFILIATED INVESTMENT COMPANIES - 0.4%
Equity - 0.4%
Fidelity 500 Index Fund		45,814		4,760,943
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $4,561,890)			$	4,760,943
SHORT-TERM INVESTMENTS - 0.8%
Commercial paper - 0.6%
Children's Hospital Medical Center 2.060%, 10/02/2019 *	$	735,000		735,000

Managed Volatility Conservative Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Commercial paper (continued)
Salt River Project Agricultural Improvement & Power District
2.050%, 10/16/2019 *	$	2,225,000	$	2,221,326
2.070%, 01/15/2020 *		855,000		849,051
2.100%, 10/15/2019 *		865,000		863,688
State of California 2.240%, 10/16/2019 *		870,000		869,913
University of Chicago 2.080%, 10/15/2019 *		545,000		544,118
Yale University 1.940%, 01/15/2020 *		865,000		859,796
				6,942,892
U.S. Government Agency - 0.2%
Federal Farm Credit Bank Discount Note 1.990%, 10/29/2019 *		1,295,000		1,293,106
Federal Home Loan Bank Discount Note 1.581%, 10/01/2019 *		801,000		801,000
				2,094,106
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)		267,242		267,242
TOTAL SHORT-TERM INVESTMENTS (Cost $9,308,038)			$	9,304,240
Total Investments (Managed Volatility Conservative Portfolio) (Cost $1,084,287,697) - 99.8%			$	1,121,196,829
Other assets and liabilities, net - 0.2%				2,436,319
TOTAL NET ASSETS - 100.0%			$	1,123,633,148

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.

 

161

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Managed Volatility Conservative Portfolio (continued)

(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.

Managed Volatility Conservative Portfolio (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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro FX Futures	13	Long	Dec 2019	$1,807,688	$1,781,406	$(26,282)
Euro STOXX 50 Index Futures	47	Long	Dec 2019	1,792,666	1,821,144	28,478
FTSE 100 Index Futures	7	Long	Dec 2019	626,619	635,487	8,868
Japanese Yen Currency Futures	7	Long	Dec 2019	822,222	813,575	(8,647)
MSCI Emerging Markets Index Futures	49	Long	Dec 2019	2,510,288	2,454,655	(55,633)
Nikkei 225 Index Futures	4	Long	Dec 2019	784,030	807,954	23,924
Pound Sterling Currency Futures	8	Long	Dec 2019	618,989	616,600	(2,389)
Russell 2000 E-Mini Index Futures	8	Long	Dec 2019	630,950	610,000	(20,950)
S&P 500 Index E-Mini Futures	110	Long	Dec 2019	16,516,702	16,377,625	(139,076)
S&P Mid 400 Index E-Mini Futures	15	Long	Dec 2019	2,942,431	2,907,000	(35,431)
						$(227,138)

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

Managed Volatility Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.2%
Equity - 69.7%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	12,490,628	$	394,079,322
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	38,937,326		408,063,182
Equity Income, Series NAV, JHVIT (T. Rowe Price)	28,105,585		406,406,766
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	10,831,597		515,367,405
Mid Cap Stock, Series NAV, JHVIT (Wellington)	8,578,200		144,456,896
Mid Value, Series NAV, JHVIT (T. Rowe Price)	17,072,967		152,973,781
Multifactor Developed International ETF, JHETF (DFA)	9,396,002		261,469,125
Multifactor Emerging Markets ETF, JHETF (DFA)	7,160,935		174,974,582
Multifactor Large Cap ETF, JHETF (DFA)	7,151,381		274,827,572
Multifactor Mid Cap ETF, JHETF (DFA)	5,204,723		191,637,901
Multifactor Small Cap ETF, JHETF (DFA)	6,817,695		178,281,361
Small Cap Growth, Class NAV, JHF II (Redwood)	3,787,377		59,386,070
Small Cap Value, Series NAV, JHVIT (Wellington)	3,914,766		65,768,063
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	137,405,154		2,601,079,560
			5,828,771,586
Fixed income - 28.5%
Bond, Class NAV, JHSB (MIM US) (B)	37,353,344		608,112,441
Core Bond, Series NAV, JHVIT (Wells Capital)	15,621,241		211,667,809
Select Bond, Series NAV, JHVIT (MIM US) (B)	111,283,497		1,557,968,953
			2,377,749,203
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $7,809,490,959)		$	8,206,520,789

Managed Volatility Growth Portfolio (continued)

		Shares or Principal Amount	Value
UNAFFILIATED INVESTMENT COMPANIES - 0.7%
Equity - 0.7%
Fidelity International Index Fund		1,455,855	$	59,675,513
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $57,221,790)			$	59,675,513
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.0%
U.S. Government Agency - 0.0%
Federal Agricultural Mortgage Corp. 1.900%, 08/20/2020	$	2,500,000		2,498,721
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $2,500,000)			$	2,498,721
SHORT-TERM INVESTMENTS - 0.7%
Commercial paper - 0.6%
Children's Hospital Medical Center 2.060%, 10/02/2019 *		5,720,000		5,720,000
Salt River Project Agricultural Improvement & Power District
2.050%, 10/16/2019 *		6,795,000		6,783,779
2.070%, 01/15/2020 *		6,675,000		6,628,559
2.100%, 10/15/2019 *		6,700,000		6,689,838
State of California 2.240%, 10/16/2019 *		7,650,000		7,649,235
Swedbank AB 2.070%, 10/07/2019 *		250,000		249,904
The Boeing Company
2.100%, 11/13/2019 *		2,000,000		1,994,859
2.220%, 11/13/2019 *		2,525,000		2,518,510
University of Chicago 2.080%, 10/15/2019 *		4,245,000		4,238,133
Yale University 1.940%, 01/15/2020 *		6,705,000		6,664,664
				49,137,481
U.S. Government Agency - 0.1%
Federal Farm Credit Bank Discount Note 1.990%, 10/29/2019 *		5,740,000		5,731,607

 

162

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Managed Volatility Growth Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	953,302	$	953,302
TOTAL SHORT-TERM INVESTMENTS (Cost $55,843,926)		$	55,822,390
Total Investments (Managed Volatility Growth Portfolio) (Cost $7,925,056,675) - 99.6%		$	8,324,517,413
Other assets and liabilities, net - 0.4%			31,584,199
TOTAL NET ASSETS - 100.0%		$	8,356,101,612

Managed Volatility Growth Portfolio (continued)

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
*	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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro FX Futures	328	Long	Dec 2019	$45,564,231	$44,946,250	$(617,981)
Euro STOXX 50 Index Futures	1,162	Long	Dec 2019	44,735,866	45,024,867	289,001
FTSE 100 Index Futures	208	Long	Dec 2019	18,678,807	18,883,028	204,221
Japanese Yen Currency Futures	206	Long	Dec 2019	24,053,657	23,942,350	(111,307)
MSCI Emerging Markets Index Futures	1,362	Long	Dec 2019	69,920,588	68,229,390	(1,691,198)
Nikkei 225 Index Futures	117	Long	Dec 2019	23,459,332	23,632,647	173,315
Pound Sterling Currency Futures	244	Long	Dec 2019	18,957,491	18,806,300	(151,191)
Russell 2000 E-Mini Index Futures	231	Long	Dec 2019	18,221,200	17,613,750	(607,450)
S&P 500 Index E-Mini Futures	1,859	Long	Dec 2019	280,213,183	276,781,862	(3,431,321)
S&P Mid 400 Index E-Mini Futures	310	Long	Dec 2019	60,827,079	60,078,000	(749,079)
						$(6,692,990)

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

Managed Volatility Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.0%
Equity - 39.1%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	2,159,544	$	68,133,605
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	3,514,402		36,830,934
Equity Income, Series NAV, JHVIT (T. Rowe Price)	4,783,739		69,172,863
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	1,591,205		75,709,535
Mid Cap Stock, Series NAV, JHVIT (Wellington)	1,070,414		18,025,776
Mid Value, Series NAV, JHVIT (T. Rowe Price)	2,109,334		18,899,632
Multifactor Developed International ETF, JHETF (DFA)	626,561		17,435,752
Multifactor Emerging Markets ETF, JHETF (DFA)	644,675		15,752,376
Multifactor Large Cap ETF, JHETF (DFA)	1,032,435		39,676,477
Multifactor Mid Cap ETF, JHETF (DFA)	392,260		14,443,013
Multifactor Small Cap ETF, JHETF (DFA)	453,354		11,855,116
Small Cap Growth, Class NAV, JHF II (Redwood)	530,502		8,318,267
Small Cap Value, Series NAV, JHVIT (Wellington)	527,495		8,861,908
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	18,315,380		346,710,135
			749,825,389

Managed Volatility Moderate Portfolio (continued)

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Fixed income - 58.9%
Bond, Class NAV, JHSB (MIM US) (B)		17,813,928	$	290,010,742
Core Bond, Series NAV, JHVIT (Wells Capital)		7,439,433		100,804,320
Select Bond, Series NAV, JHVIT (MIM US) (B)		52,831,915		739,646,814
				1,130,461,876
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,824,578,309)			$	1,880,287,265
UNAFFILIATED INVESTMENT COMPANIES - 0.8%
Equity - 0.8%
Fidelity 500 Index Fund		153,885		15,991,780
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $15,323,525)			$	15,991,780
SHORT-TERM INVESTMENTS - 0.8%
Commercial paper - 0.7%
Children's Hospital Medical Center 2.060%, 10/02/2019 *	$	1,310,000		1,310,000
Salt River Project Agricultural Improvement & Power District
2.050%, 10/16/2019 *		3,955,000		3,948,469
2.070%, 01/15/2020 *		1,540,000		1,529,285
2.100%, 10/15/2019 *		1,530,000		1,527,679
State of California 2.240%, 10/16/2019 *		1,595,000		1,594,841

 

163

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Commercial paper (continued)
University of Chicago 2.080%, 10/15/2019 *	$	970,000	$	968,431
Yale University 1.940%, 01/15/2020 *		1,530,000		1,520,796
				12,399,501
U.S. Government Agency - 0.1%
Federal Farm Credit Bank Discount Note 1.990%, 10/29/2019 *		2,040,000		2,037,017
Federal Home Loan Bank Discount Note 1.500%, 10/01/2019 *		193,000		193,000
				2,230,017
Money market funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)		307,634		307,634
TOTAL SHORT-TERM INVESTMENTS (Cost $14,943,939)			$	14,937,152
Total Investments (Managed Volatility Moderate Portfolio) (Cost $1,854,845,773) - 99.6%			$	1,911,216,197
Other assets and liabilities, net - 0.4%				7,747,820
TOTAL NET ASSETS - 100.0%			$	1,918,964,017

Managed Volatility Moderate Portfolio (continued)

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
*	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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro FX Futures	47	Long	Dec 2019	$6,539,863	$6,440,469	$(99,394)
Euro STOXX 50 Index Futures	168	Long	Dec 2019	6,419,613	6,509,619	90,006
FTSE 100 Index Futures	28	Long	Dec 2019	2,507,747	2,541,946	34,199
Japanese Yen Currency Futures	28	Long	Dec 2019	3,291,304	3,254,300	(37,004)
MSCI Emerging Markets Index Futures	166	Long	Dec 2019	8,525,919	8,315,770	(210,149)
Nikkei 225 Index Futures	16	Long	Dec 2019	3,109,120	3,231,815	122,695
Pound Sterling Currency Futures	33	Long	Dec 2019	2,557,195	2,543,475	(13,720)
Russell 2000 E-Mini Index Futures	34	Long	Dec 2019	2,684,803	2,592,500	(92,303)
S&P 500 Index E-Mini Futures	339	Long	Dec 2019	50,985,641	50,472,862	(512,779)
S&P Mid 400 Index E-Mini Futures	44	Long	Dec 2019	8,641,579	8,527,200	(114,379)
						$(832,828)

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

Mid Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.0%
Communication services – 2.3%
Entertainment – 1.0%
Cinemark Holdings, Inc.	84,956	$	3,282,700
Live Nation Entertainment, Inc. (A)	110,821		7,351,865
World Wrestling Entertainment, Inc., Class A (B)	37,901		2,696,656
			13,331,221
Interactive media and services – 0.1%
Yelp, Inc. (A)	51,508		1,789,903
Media – 1.1%
AMC Networks, Inc., Class A (A)	35,190		1,729,940
Cable One, Inc.	4,001		5,020,055
John Wiley & Sons, Inc., Class A	35,091		1,541,899
Meredith Corp.	31,932		1,170,627

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
TEGNA, Inc.	172,651	$	2,681,270
The New York Times Company, Class A (B)	114,538		3,262,042
			15,405,833
Wireless telecommunication services – 0.1%
Telephone & Data Systems, Inc.	77,753		2,006,027
			32,532,984
Consumer discretionary – 12.3%
Auto components – 1.0%
Adient PLC	69,384		1,593,057
Dana, Inc.	114,689		1,656,109
Delphi Technologies PLC	69,418		930,201
Gentex Corp.	203,030		5,590,431

 

164

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Auto components (continued)
The Goodyear Tire & Rubber Company	185,296	$	2,669,189
Visteon Corp. (A)	22,276		1,838,661
			14,277,648
Automobiles – 0.2%
Thor Industries, Inc.	43,879		2,485,307
Distributors – 0.4%
Pool Corp.	31,814		6,416,884
Diversified consumer services – 1.0%
Adtalem Global Education, Inc. (A)	43,768		1,667,123
Graham Holdings Company, Class B	3,467		2,300,181
Service Corp. International	145,323		6,947,893
Sotheby's (A)	26,003		1,481,651
WW International, Inc. (A)	37,004		1,399,491
			13,796,339
Hotels, restaurants and leisure – 4.1%
Boyd Gaming Corp.	63,768		1,527,244
Brinker International, Inc. (B)	29,884		1,275,150
Caesars Entertainment Corp. (A)	442,890		5,164,097
Churchill Downs, Inc.	28,395		3,505,505
Cracker Barrel Old Country Store, Inc. (B)	19,161		3,116,537
Domino's Pizza, Inc.	32,858		8,036,738
Dunkin' Brands Group, Inc.	65,917		5,231,173
Eldorado Resorts, Inc. (A)(B)	52,057		2,075,513
International Speedway Corp., Class A	19,011		855,685
Jack in the Box, Inc.	20,579		1,875,158
Marriott Vacations Worldwide Corp.	30,871		3,198,544
Papa John's International, Inc. (B)	17,477		914,921
Penn National Gaming, Inc. (A)	86,796		1,616,576
Scientific Games Corp. (A)	43,051		876,088
Six Flags Entertainment Corp.	62,517		3,175,238
Texas Roadhouse, Inc.	52,117		2,737,185
The Cheesecake Factory, Inc. (B)	32,722		1,363,853
The Wendy's Company	147,013		2,937,320
Wyndham Destinations, Inc.	73,494		3,382,194
Wyndham Hotels & Resorts, Inc.	76,845		3,975,960
			56,840,679
Household durables – 1.0%
Helen of Troy, Ltd. (A)	20,008		3,154,461
KB Home	68,148		2,317,032
Tempur Sealy International, Inc. (A)	36,691		2,832,545
Toll Brothers, Inc.	102,955		4,226,303
TRI Pointe Group, Inc. (A)	113,366		1,705,025
			14,235,366
Internet and direct marketing retail – 0.7%
Etsy, Inc. (A)	95,994		5,423,661
GrubHub, Inc. (A)(B)	72,799		4,092,032
			9,515,693
Leisure products – 0.8%
Brunswick Corp.	68,313		3,560,474
Mattel, Inc. (A)(B)	275,355		3,136,293
Polaris, Inc.	45,786		4,029,626
			10,726,393
Multiline retail – 0.2%
Dillard's, Inc., Class A (B)	8,138		538,003
Ollie's Bargain Outlet Holdings, Inc. (A)(B)	43,579		2,555,473
			3,093,476
Specialty retail – 2.1%
Aaron's, Inc.	53,828		3,458,987
American Eagle Outfitters, Inc.	126,567		2,052,917
AutoNation, Inc. (A)	46,849		2,375,244

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Bed Bath & Beyond, Inc. (B)	101,823	$	1,083,397
Dick's Sporting Goods, Inc.	52,506		2,142,770
Five Below, Inc. (A)	44,361		5,593,922
Foot Locker, Inc.	87,420		3,773,047
Murphy USA, Inc. (A)	23,948		2,042,764
Sally Beauty Holdings, Inc. (A)	96,060		1,430,333
Urban Outfitters, Inc. (A)	56,209		1,578,911
Williams-Sonoma, Inc.	62,320		4,236,514
			29,768,806
Textiles, apparel and luxury goods – 0.8%
Carter's, Inc.	35,652		3,251,819
Deckers Outdoor Corp. (A)	23,015		3,391,490
Skechers U.S.A., Inc., Class A (A)	106,585		3,980,950
			10,624,259
			171,780,850
Consumer staples – 2.8%
Beverages – 0.2%
The Boston Beer Company, Inc., Class A (A)	7,319		2,664,702
Food and staples retailing – 0.5%
Casey's General Stores, Inc.	29,300		4,721,988
Sprouts Farmers Market, Inc. (A)	94,123		1,820,339
			6,542,327
Food products – 1.7%
Flowers Foods, Inc.	153,384		3,547,772
Ingredion, Inc.	53,176		4,346,606
Lancaster Colony Corp.	15,774		2,187,065
Pilgrim's Pride Corp. (A)	41,721		1,336,949
Post Holdings, Inc. (A)	54,733		5,792,941
Sanderson Farms, Inc.	15,712		2,377,697
The Hain Celestial Group, Inc. (A)	63,950		1,373,326
Tootsie Roll Industries, Inc. (B)	13,444		499,310
TreeHouse Foods, Inc. (A)	44,786		2,483,384
			23,945,050
Household products – 0.2%
Energizer Holdings, Inc. (B)	51,064		2,225,369
Spectrum Brands Holdings, Inc.	4,971		262,061
			2,487,430
Personal products – 0.2%
Edgewell Personal Care Company (A)	43,161		1,402,301
Nu Skin Enterprises, Inc., Class A	44,265		1,882,590
			3,284,891
			38,924,400
Energy – 2.1%
Energy equipment and services – 0.5%
Apergy Corp. (A)	61,727		1,669,715
Core Laboratories NV (B)	35,352		1,648,110
Oceaneering International, Inc. (A)	78,837		1,068,241
Patterson-UTI Energy, Inc.	161,457		1,380,457
Transocean, Ltd. (A)	458,292		2,048,565
			7,815,088
Oil, gas and consumable fuels – 1.6%
Antero Midstream Corp. (B)	205,990		1,524,326
Chesapeake Energy Corp. (A)(B)	898,720		1,267,195
CNX Resources Corp. (A)	149,469		1,085,145
EQT Corp.	203,606		2,166,368
Equitrans Midstream Corp.	162,585		2,365,612
Matador Resources Company (A)	87,378		1,444,358
Murphy Oil Corp.	122,832		2,715,816
Oasis Petroleum, Inc. (A)	230,848		798,734
PBF Energy, Inc., Class A	81,212		2,208,154

 

165

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Southwestern Energy Company (A)(B)	431,374	$	832,552
World Fuel Services Corp.	52,103		2,080,994
WPX Energy, Inc. (A)	336,604		3,564,636
			22,053,890
			29,868,978
Financials – 16.7%
Banks – 6.8%
Associated Banc-Corp.	129,230		2,616,908
BancorpSouth Bank	74,612		2,209,261
Bank of Hawaii Corp.	32,375		2,781,984
Bank OZK	96,332		2,626,974
Cathay General Bancorp	60,426		2,098,897
Commerce Bancshares, Inc.	78,711		4,773,822
Cullen/Frost Bankers, Inc.	45,436		4,023,358
East West Bancorp, Inc.	115,985		5,136,976
First Financial Bankshares, Inc.	108,225		3,607,139
First Horizon National Corp.	249,012		4,033,994
FNB Corp.	258,890		2,985,002
Fulton Financial Corp.	132,501		2,143,866
Hancock Whitney Corp.	72,287		2,768,231
Home BancShares, Inc.	124,112		2,332,685
International Bancshares Corp.	46,044		1,778,219
PacWest Bancorp	94,198		3,423,155
Pinnacle Financial Partners, Inc.	57,642		3,271,184
Prosperity Bancshares, Inc.	55,028		3,886,628
Signature Bank	43,616		5,199,900
Sterling Bancorp	163,521		3,280,231
Synovus Financial Corp.	122,977		4,397,658
TCF Financial Corp.	122,309		4,656,304
Texas Capital Bancshares, Inc. (A)	40,085		2,190,645
Trustmark Corp.	51,321		1,750,559
UMB Financial Corp.	34,410		2,222,198
Umpqua Holdings Corp.	175,476		2,888,335
United Bankshares, Inc.	81,181		3,074,324
Valley National Bancorp	264,404		2,874,071
Webster Financial Corp.	73,442		3,442,227
Wintrust Financial Corp.	45,175		2,919,660
			95,394,395
Capital markets – 2.5%
Eaton Vance Corp.	90,082		4,047,384
Evercore, Inc., Class A	31,774		2,545,097
FactSet Research Systems, Inc.	30,486		7,407,183
Federated Investors, Inc., Class B	76,605		2,482,768
Interactive Brokers Group, Inc., Class A	61,160		3,289,185
Janus Henderson Group PLC	126,760		2,847,030
Legg Mason, Inc.	64,982		2,481,663
SEI Investments Company	101,094		5,990,325
Stifel Financial Corp.	55,451		3,181,778
			34,272,413
Consumer finance – 0.7%
FirstCash, Inc.	34,237		3,138,506
Green Dot Corp., Class A (A)	37,991		959,273
Navient Corp.	161,639		2,068,979
SLM Corp.	339,953		3,000,085
			9,166,843
Diversified financial services – 0.3%
Jefferies Financial Group, Inc.	198,832		3,658,509
Insurance – 5.8%
Alleghany Corp. (A)	11,499		9,173,442
American Financial Group, Inc.	59,490		6,415,997
Brighthouse Financial, Inc. (A)	88,782		3,593,008
Brown & Brown, Inc.	186,042		6,708,675
CNO Financial Group, Inc.	124,311		1,967,843

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
First American Financial Corp.	89,331	$	5,271,422
Genworth Financial, Inc., Class A (A)	401,090		1,764,796
Kemper Corp.	49,903		3,889,939
Mercury General Corp.	21,615		1,207,846
Old Republic International Corp.	227,123		5,353,289
Primerica, Inc.	33,375		4,246,301
Reinsurance Group of America, Inc.	50,014		7,996,238
RenaissanceRe Holdings, Ltd.	35,192		6,807,892
Selective Insurance Group, Inc.	47,312		3,557,389
The Hanover Insurance Group, Inc.	31,520		4,272,221
W.R. Berkley Corp.	115,318		8,329,419
			80,555,717
Thrifts and mortgage finance – 0.6%
LendingTree, Inc. (A)(B)	6,107		1,895,796
New York Community Bancorp, Inc.	372,441		4,674,135
Washington Federal, Inc.	63,275		2,340,542
			8,910,473
			231,958,350
Health care – 9.7%
Biotechnology – 0.8%
Exelixis, Inc. (A)	241,384		4,268,876
Ligand Pharmaceuticals, Inc. (A)(B)	15,150		1,508,031
Repligen Corp. (A)	36,958		2,834,309
United Therapeutics Corp. (A)	34,944		2,786,784
			11,398,000
Health care equipment and supplies – 4.0%
Avanos Medical, Inc. (A)	38,020		1,424,229
Cantel Medical Corp.	29,288		2,190,742
Globus Medical, Inc., Class A (A)	61,080		3,122,410
Haemonetics Corp. (A)	40,458		5,103,372
Hill-Rom Holdings, Inc.	53,245		5,602,971
ICU Medical, Inc. (A)	15,316		2,444,434
Integra LifeSciences Holdings Corp. (A)	56,574		3,398,400
LivaNova PLC (A)	38,563		2,845,564
Masimo Corp. (A)	39,096		5,817,094
NuVasive, Inc. (A)	41,475		2,628,686
Penumbra, Inc. (A)(B)	25,508		3,430,571
STERIS PLC	67,487		9,751,190
West Pharmaceutical Services, Inc.	58,770		8,334,761
			56,094,424
Health care providers and services – 2.2%
Acadia Healthcare Company, Inc. (A)	70,545		2,192,539
Amedisys, Inc. (A)	25,640		3,359,096
Chemed Corp.	12,688		5,298,128
Covetrus, Inc. (A)	77,636		923,092
Encompass Health Corp.	78,610		4,974,441
HealthEquity, Inc. (A)	56,277		3,215,949
MEDNAX, Inc. (A)	67,109		1,518,006
Molina Healthcare, Inc. (A)	49,974		5,483,147
Patterson Companies, Inc.	68,531		1,221,222
Tenet Healthcare Corp. (A)	82,437		1,823,506
			30,009,126
Health care technology – 0.4%
Allscripts Healthcare Solutions, Inc. (A)	132,805		1,458,199
Medidata Solutions, Inc. (A)	49,615		4,539,773
			5,997,972
Life sciences tools and services – 1.8%
Bio-Rad Laboratories, Inc., Class A (A)	17,128		5,699,171
Bio-Techne Corp.	30,333		5,935,258
Charles River Laboratories International, Inc. (A)	38,894		5,148,399
PRA Health Sciences, Inc. (A)	50,041		4,965,568

 

166

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
Syneos Health, Inc. (A)	49,480	$	2,632,831
			24,381,227
Pharmaceuticals – 0.5%
Catalent, Inc. (A)	116,366		5,546,004
Prestige Consumer Healthcare, Inc. (A)	40,037		1,388,884
			6,934,888
			134,815,637
Industrials – 15.8%
Aerospace and defense – 1.2%
Axon Enterprise, Inc. (A)	47,220		2,681,152
Curtiss-Wright Corp.	34,051		4,405,178
Teledyne Technologies, Inc. (A)	28,990		9,334,490
			16,420,820
Air freight and logistics – 0.4%
XPO Logistics, Inc. (A)	73,459		5,257,461
Airlines – 0.3%
JetBlue Airways Corp. (A)	236,094		3,954,575
Building products – 1.3%
Lennox International, Inc.	28,083		6,823,327
Owens Corning	86,696		5,479,187
Resideo Technologies, Inc. (A)	97,842		1,404,033
Trex Company, Inc. (A)	46,559		4,233,610
			17,940,157
Commercial services and supplies – 1.9%
Clean Harbors, Inc. (A)	40,955		3,161,726
Deluxe Corp.	34,211		1,681,813
Healthcare Services Group, Inc.	59,061		1,434,592
Herman Miller, Inc.	47,060		2,168,995
HNI Corp.	34,167		1,212,929
KAR Auction Services, Inc.	106,366		2,611,285
MSA Safety, Inc.	28,387		3,097,306
Stericycle, Inc. (A)	72,614		3,698,231
Tetra Tech, Inc.	43,550		3,778,398
The Brink's Company	39,844		3,305,060
			26,150,335
Construction and engineering – 1.3%
AECOM (A)	125,692		4,720,992
Dycom Industries, Inc. (A)	25,097		1,281,202
EMCOR Group, Inc.	44,734		3,852,492
Fluor Corp.	111,507		2,133,129
Granite Construction, Inc.	37,327		1,199,317
MasTec, Inc. (A)	48,041		3,119,302
Valmont Industries, Inc.	17,239		2,386,567
			18,693,001
Electrical equipment – 1.3%
Acuity Brands, Inc.	31,795		4,285,648
EnerSys	33,854		2,232,333
Hubbell, Inc.	43,358		5,697,241
nVent Electric PLC	123,985		2,732,629
Regal Beloit Corp.	33,418		2,434,501
			17,382,352
Industrial conglomerates – 0.5%
Carlisle Companies, Inc.	45,109		6,565,164
Machinery – 4.1%
AGCO Corp.	50,427		3,817,324
Colfax Corp. (A)	66,575		1,934,670
Crane Company	40,606		3,274,062
Donaldson Company, Inc.	101,625		5,292,630
Graco, Inc.	132,926		6,119,913
ITT, Inc.	70,127		4,291,071
Kennametal, Inc.	65,714		2,020,048

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Lincoln Electric Holdings, Inc.	49,231	$	4,271,282
Nordson Corp.	40,774		5,963,605
Oshkosh Corp.	54,504		4,131,403
Terex Corp.	52,200		1,355,634
The Timken Company	54,538		2,372,948
The Toro Company	84,950		6,226,835
Trinity Industries, Inc.	81,522		1,604,353
Woodward, Inc.	44,849		4,836,068
			57,511,846
Marine – 0.3%
Kirby Corp. (A)	47,736		3,921,990
Professional services – 0.7%
ASGN, Inc. (A)	42,156		2,649,926
Insperity, Inc.	30,852		3,042,624
ManpowerGroup, Inc.	47,686		4,017,069
			9,709,619
Road and rail – 1.8%
Avis Budget Group, Inc. (A)	46,623		1,317,566
Genesee & Wyoming, Inc., Class A (A)	45,112		4,985,327
Knight-Swift Transportation Holdings, Inc. (B)	97,833		3,551,338
Landstar System, Inc.	31,581		3,555,389
Old Dominion Freight Line, Inc.	51,005		8,669,320
Ryder System, Inc.	42,503		2,200,380
Werner Enterprises, Inc.	35,291		1,245,772
			25,525,092
Trading companies and distributors – 0.7%
GATX Corp.	28,449		2,205,651
MSC Industrial Direct Company, Inc., Class A	35,867		2,601,434
NOW, Inc. (A)	86,700		994,449
Watsco, Inc.	25,990		4,396,988
			10,198,522
			219,230,934
Information technology – 15.1%
Communications equipment – 1.1%
Ciena Corp. (A)	123,609		4,849,181
InterDigital, Inc.	24,805		1,301,518
Lumentum Holdings, Inc. (A)	61,281		3,282,210
NetScout Systems, Inc. (A)	53,199		1,226,769
Plantronics, Inc.	25,861		965,133
ViaSat, Inc. (A)	45,916		3,458,393
			15,083,204
Electronic equipment, instruments and components – 4.3%
Arrow Electronics, Inc. (A)	66,254		4,941,223
Avnet, Inc.	82,574		3,673,304
Belden, Inc.	30,787		1,642,179
Cognex Corp.	135,999		6,681,631
Coherent, Inc. (A)	19,111		2,937,743
II-VI, Inc. (A)	71,831		2,529,170
Jabil, Inc.	110,899		3,966,857
Littelfuse, Inc.	19,594		3,474,212
National Instruments Corp.	94,589		3,971,792
SYNNEX Corp.	32,561		3,676,137
Tech Data Corp. (A)	28,371		2,957,393
Trimble, Inc. (A)	200,650		7,787,227
Vishay Intertechnology, Inc.	105,468		1,785,573
Zebra Technologies Corp., Class A (A)	43,125		8,899,706
			58,924,147
IT services – 2.5%
CACI International, Inc., Class A (A)	19,828		4,585,423
CoreLogic, Inc. (A)	63,858		2,954,710

 

167

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
KBR, Inc.	112,805	$	2,768,235
LiveRamp Holdings, Inc. (A)	53,902		2,315,630
MAXIMUS, Inc.	50,851		3,928,748
Perspecta, Inc.	109,933		2,871,450
Sabre Corp.	218,091		4,884,148
Science Applications International Corp.	39,084		3,413,987
WEX, Inc. (A)	34,486		6,968,586
			34,690,917
Semiconductors and semiconductor equipment – 3.7%
Cirrus Logic, Inc. (A)	46,332		2,482,469
Cree, Inc. (A)	85,249		4,177,201
Cypress Semiconductor Corp.	294,305		6,869,079
First Solar, Inc. (A)	60,472		3,507,981
MKS Instruments, Inc.	43,419		4,006,705
Monolithic Power Systems, Inc.	32,049		4,987,786
Semtech Corp. (A)	53,017		2,577,156
Silicon Laboratories, Inc. (A)	34,541		3,846,140
Synaptics, Inc. (A)	26,227		1,047,769
Teradyne, Inc.	135,429		7,842,693
Universal Display Corp.	33,785		5,672,502
Versum Materials, Inc.	87,054		4,607,768
			51,625,249
Software – 3.3%
ACI Worldwide, Inc. (A)	93,009		2,913,507
Blackbaud, Inc.	39,186		3,540,063
CDK Global, Inc.	96,583		4,644,676
CommVault Systems, Inc. (A)	33,123		1,480,929
Fair Isaac Corp. (A)	23,028		6,989,459
j2 Global, Inc.	37,033		3,363,337
LogMeIn, Inc.	39,395		2,795,469
Manhattan Associates, Inc. (A)	51,260		4,135,144
PTC, Inc. (A)	82,607		5,632,145
Teradata Corp. (A)	90,926		2,818,706
Tyler Technologies, Inc. (A)	30,747		8,071,088
			46,384,523
Technology hardware, storage and peripherals – 0.2%
NCR Corp. (A)	95,946		3,028,056
			209,736,096
Materials – 6.0%
Chemicals – 2.5%
Ashland Global Holdings, Inc.	48,230		3,716,122
Cabot Corp.	46,047		2,086,850
Ingevity Corp. (A)	33,356		2,829,923
Minerals Technologies, Inc.	27,942		1,483,441
NewMarket Corp.	5,884		2,777,778
Olin Corp.	130,928		2,450,972
PolyOne Corp.	61,258		2,000,074
RPM International, Inc.	103,334		7,110,413
Sensient Technologies Corp.	33,724		2,315,153
The Chemours Company	130,278		1,946,353
The Scotts Miracle-Gro Company	31,400		3,197,148
Valvoline, Inc.	149,967		3,303,773
			35,218,000
Construction materials – 0.2%
Eagle Materials, Inc.	33,488		3,014,255
Containers and packaging – 1.1%
AptarGroup, Inc.	51,034		6,044,977
Greif, Inc., Class A	20,925		792,848
Owens-Illinois, Inc.	123,883		1,272,278
Silgan Holdings, Inc.	62,017		1,862,681
Sonoco Products Company	79,751		4,642,306
			14,615,090

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining – 1.9%
Allegheny Technologies, Inc. (A)	100,472	$	2,034,558
Carpenter Technology Corp.	37,983		1,962,202
Commercial Metals Company	93,973		1,633,251
Compass Minerals International, Inc.	27,002		1,525,343
Reliance Steel & Aluminum Company	53,117		5,293,640
Royal Gold, Inc.	52,244		6,436,983
Steel Dynamics, Inc.	175,008		5,215,238
United States Steel Corp. (B)	136,065		1,571,551
Worthington Industries, Inc.	29,534		1,064,701
			26,737,467
Paper and forest products – 0.3%
Domtar Corp.	49,872		1,785,916
Louisiana-Pacific Corp.	98,507		2,421,302
			4,207,218
			83,792,030
Real estate – 11.3%
Equity real estate investment trusts – 10.9%
Alexander & Baldwin, Inc.	54,116		1,326,383
American Campus Communities, Inc.	109,495		5,264,520
Brixmor Property Group, Inc.	237,352		4,815,872
Camden Property Trust	77,161		8,565,643
CoreCivic, Inc.	94,907		1,639,993
CoreSite Realty Corp.	29,398		3,582,146
Corporate Office Properties Trust	89,212		2,656,733
Cousins Properties, Inc.	116,954		4,396,301
CyrusOne, Inc.	90,202		7,134,978
Douglas Emmett, Inc.	131,276		5,622,551
EastGroup Properties, Inc.	29,931		3,741,974
EPR Properties	61,805		4,750,332
First Industrial Realty Trust, Inc.	100,797		3,987,529
Healthcare Realty Trust, Inc.	102,995		3,450,333
Highwoods Properties, Inc.	82,657		3,714,606
JBG SMITH Properties	94,059		3,688,053
Kilroy Realty Corp.	74,027		5,765,963
Lamar Advertising Company, Class A	68,498		5,612,041
Liberty Property Trust	125,729		6,453,670
Life Storage, Inc.	37,175		3,918,617
Mack-Cali Realty Corp.	72,162		1,563,029
Medical Properties Trust, Inc.	355,648		6,956,475
National Retail Properties, Inc.	136,777		7,714,223
Omega Healthcare Investors, Inc.	172,571		7,211,742
Park Hotels & Resorts, Inc.	191,047		4,770,444
Pebblebrook Hotel Trust	104,101		2,896,090
PotlatchDeltic Corp.	53,541		2,199,732
PS Business Parks, Inc.	15,958		2,903,558
Rayonier, Inc.	103,302		2,913,116
Sabra Health Care REIT, Inc.	151,024		3,467,511
Senior Housing Properties Trust	189,453		1,753,388
Service Properties Trust	131,049		3,379,754
Spirit Realty Capital, Inc.	71,807		3,436,683
Tanger Factory Outlet Centers, Inc.	74,545		1,153,957
Taubman Centers, Inc.	48,777		1,991,565
The GEO Group, Inc.	96,625		1,675,478
Uniti Group, Inc.	153,914		1,195,142
Urban Edge Properties	91,732		1,815,376
Weingarten Realty Investors	96,385		2,807,695
			151,893,196
Real estate management and development – 0.4%
Jones Lang LaSalle, Inc.	41,058		5,709,525
			157,602,721
Utilities – 4.9%
Electric utilities – 1.6%
ALLETE, Inc.	41,164		3,598,145

 

168

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Hawaiian Electric Industries, Inc.	86,840	$	3,960,772
IDACORP, Inc.	40,161		4,524,940
OGE Energy Corp.	159,519		7,238,972
PNM Resources, Inc.	63,476		3,305,830
			22,628,659
Gas utilities – 1.9%
National Fuel Gas Company	68,784		3,227,345
New Jersey Resources Corp.	71,704		3,242,455
ONE Gas, Inc.	42,024		4,038,927
Southwest Gas Holdings, Inc.	43,290		3,941,122
Spire, Inc.	40,489		3,532,260
UGI Corp.	166,519		8,370,910
			26,353,019
Multi-utilities – 0.8%
Black Hills Corp.	48,661		3,733,759
MDU Resources Group, Inc.	158,629		4,471,752
NorthWestern Corp.	40,198		3,016,860
			11,222,371
Water utilities – 0.6%
Aqua America, Inc.	171,951		7,708,563
			67,912,612
TOTAL COMMON STOCKS (Cost $1,174,144,887)		$	1,378,155,592
SECURITIES LENDING COLLATERAL – 2.6%
John Hancock Collateral Trust, 2.1169% (C)(D)	3,553,735		35,561,156
TOTAL SECURITIES LENDING COLLATERAL (Cost $35,561,559)		$	35,561,156

Mid Cap Index Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 1.0%
U.S. Government Agency – 0.7%
Federal Home Loan Bank Discount Note 1.970%, 10/08/2019 *	$	10,000,000	$	9,996,344
Repurchase agreement – 0.3%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $4,486,100 on 10-1-19, collateralized by $4,475,000 U.S. Treasury Notes, 2.625% due 6/15/2021 (valued at $4,578,507, including interest)		4,486,000		4,486,000
TOTAL SHORT-TERM INVESTMENTS (Cost $14,482,169)			$	14,482,344
Total Investments (Mid Cap Index Trust) (Cost $1,224,188,615) – 102.6%			$	1,428,199,092
Other assets and liabilities, net – (2.6%)				(36,411,110)
TOTAL NET ASSETS – 100.0%			$	1,391,787,982

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $34,791,585.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P Mid 400 Index E-Mini Futures	93	Long	Dec 2019	$18,240,376	$18,023,400	$(216,976)
						$(216,976)

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

Mid Cap Stock Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 95.8%
Communication services – 7.0%
Entertainment – 3.4%
Spotify Technology SA (A)(B)	161,921	$	18,458,991
Take-Two Interactive Software, Inc. (A)	53,633		6,722,360
			25,181,351
Interactive media and services – 3.6%
Pinterest, Inc., Class A (A)(B)	566,594		14,986,411
Pinterest, Inc., Class B (A)	151,393		3,979,318
TripAdvisor, Inc. (A)	185,251		7,165,509
			26,131,238
Media – 0.0%
Ocean Outdoor, Ltd. (A)(C)	6,084		47,129
			51,359,718
Consumer discretionary – 18.7%

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services – 1.3%
Grand Canyon Education, Inc. (A)	99,620	$	9,782,684
Hotels, restaurants and leisure – 6.2%
Marriott Vacations Worldwide Corp.	106,102		10,993,228
Norwegian Cruise Line Holdings, Ltd. (A)	216,691		11,218,093
Planet Fitness, Inc., Class A (A)	181,730		10,516,715
Vail Resorts, Inc.	57,400		13,061,944
			45,789,980
Household durables – 1.7%
Lennar Corp., A Shares	228,759		12,776,190
Leisure products – 1.1%
BRP, Inc.	77,100		2,999,966
Peloton Interactive, Inc., Class A (A)	211,000		5,296,100
			8,296,066

 

169

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail – 6.4%
Burlington Stores, Inc. (A)	95,099	$	19,002,682
Five Below, Inc. (A)	70,580		8,900,138
Floor & Decor Holdings, Inc., Class A (A)	359,154		18,370,727
JAND, Inc., Class A (A)(D)(E)	28,798		476,031
			46,749,578
Textiles, apparel and luxury goods – 2.0%
Carter's, Inc.	56,400		5,144,244
Under Armour, Inc., Class A (A)(B)	90,625		1,807,063
Under Armour, Inc., Class C (A)	407,042		7,379,671
			14,330,978
			137,725,476
Consumer staples – 3.5%
Beverages – 1.0%
Monster Beverage Corp. (A)	124,854		7,249,023
Food products – 2.5%
Lamb Weston Holdings, Inc.	252,976		18,396,415
			25,645,438
Energy – 1.0%
Oil, gas and consumable fuels – 1.0%
Diamondback Energy, Inc.	28,043		2,521,346
WPX Energy, Inc. (A)	449,725		4,762,588
			7,283,934
Financials – 1.1%
Capital markets – 1.1%
The Blackstone Group, Inc., Class A (B)	165,175		8,067,147
Diversified financial services – 0.0%
J2 Acquisition, Ltd. (A)(C)	24,340		239,749
			8,306,896
Health care – 24.1%
Biotechnology – 8.6%
Ascendis Pharma A/S, ADR (A)	51,504		4,960,865
Bluebird Bio, Inc. (A)(B)	12,564		1,153,626
CareDx, Inc. (A)	103,508		2,340,316
Exact Sciences Corp. (A)	233,872		21,135,013
Galapagos NV (A)	70,482		10,738,249
Galapagos NV, ADR (A)	8,312		1,268,910
Ionis Pharmaceuticals, Inc. (A)	145,206		8,699,291
Sage Therapeutics, Inc. (A)(B)	53,396		7,490,925
Seattle Genetics, Inc. (A)	66,369		5,667,913
			63,455,108
Health care equipment and supplies – 11.5%
DexCom, Inc. (A)	54,338		8,109,403
Haemonetics Corp. (A)	209,775		26,461,019
Insulet Corp. (A)(B)	154,503		25,482,180
Penumbra, Inc. (A)(B)	111,346		14,974,924
Tandem Diabetes Care, Inc. (A)	158,960		9,375,461
			84,402,987
Health care technology – 1.4%
Veeva Systems, Inc., Class A (A)	64,496		9,847,894
Life sciences tools and services – 1.1%
Agilent Technologies, Inc.	101,264		7,759,860
Pharmaceuticals – 1.5%
Elanco Animal Health, Inc. (A)	424,530		11,288,253
			176,754,102
Industrials – 11.7%
Aerospace and defense – 2.9%
L3Harris Technologies, Inc.	101,779		21,235,171

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies – 1.0%
The Brink's Company	91,659	$	7,603,114
Machinery – 3.7%
Dover Corp.	78,180		7,783,601
Ingersoll-Rand PLC	154,979		19,094,963
			26,878,564
Professional services – 2.4%
CoStar Group, Inc. (A)	29,117		17,272,204
Road and rail – 1.7%
Uber Technologies, Inc. (A)	420,446		12,613,487
			85,602,540
Information technology – 28.7%
Electronic equipment, instruments and components – 2.7%
Zebra Technologies Corp., Class A (A)	96,993		20,016,445
IT services – 3.7%
GoDaddy, Inc., Class A (A)	196,094		12,938,282
Square, Inc., Class A (A)(B)	230,425		14,274,829
			27,213,111
Semiconductors and semiconductor equipment – 5.6%
Advanced Micro Devices, Inc. (A)	1,011,285		29,317,152
Marvell Technology Group, Ltd.	457,361		11,420,304
			40,737,456
Software – 15.6%
2U, Inc. (A)(B)	132,165		2,151,646
Birst, Inc. (A)(E)	374,273		19,462
DocuSign, Inc. (A)	39,000		2,414,880
DraftKings, Inc. (A)(D)(E)	1,058,486		2,942,591
Fair Isaac Corp. (A)	41,800		12,687,136
Guidewire Software, Inc. (A)(B)	237,000		24,975,060
ServiceNow, Inc. (A)	82,490		20,940,087
Slack Technologies, Inc., Class A (A)(B)	62,500		1,483,125
Splunk, Inc. (A)	236,112		27,828,160
Workday, Inc., Class A (A)	113,691		19,322,922
			114,765,069
Technology hardware, storage and peripherals – 1.1%
Western Digital Corp.	138,254		8,245,469
			210,977,550
TOTAL COMMON STOCKS (Cost $579,652,056)		$	703,655,654
PREFERRED SECURITIES – 3.4%
Consumer discretionary – 1.4%
Diversified consumer services – 0.3%
The Honest Company, Inc., Series C (A)(D)(E)	75,561		2,432,309
Internet and direct marketing retail – 0.9%
Coupang LLC (A)(D)(E)	1,177,710		6,713,889
One Kings Lane, Inc. (A)(E)	302,694		48,431
			6,762,320
Specialty retail – 0.2%
JAND, Inc., Series D (A)(D)(E)	64,307		1,062,995
			10,257,624
Information technology – 1.2%
Software – 1.2%
Essence Group Holdings Corp. (A)(D)(E)	1,663,188		5,039,460
Lookout, Inc., Series F (A)(D)(E)	211,003		1,310,329
MarkLogic Corp., Series F (A)(D)(E)	253,035		2,489,864
			8,839,653
Real estate – 0.8%
Real estate management and development – 0.8%
The We Company, Inc., Series D1 (A)(D)(E)	92,333		3,178,564

 

170

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Real estate management and development (continued)
The We Company, Inc., Series D2 (A)(D)(E)		81,039	$	2,789,768
				5,968,332
TOTAL PREFERRED SECURITIES (Cost $18,418,951)			$	25,065,609
WARRANTS – 0.0%
J2 Acquisition, Ltd. (Expiration Date: 10-10-20; Strike Price: $11.50) (A)(E)		26,300		7,233
TOTAL WARRANTS (Cost $12,887)			$	7,233
SECURITIES LENDING COLLATERAL – 6.2%
John Hancock Collateral Trust, 2.1169% (F)(G)		4,567,524		45,705,839
TOTAL SECURITIES LENDING COLLATERAL (Cost $45,707,079)			$	45,705,839
SHORT-TERM INVESTMENTS – 0.9%
Repurchase agreement – 0.9%
Deutsche Bank Tri-Party Repurchase Agreement dated 9-30-19 at 2.400% to be repurchased at $6,800,453 on 10-1-19, collateralized by $6,712,108 Federal National Mortgage Association, 3.500% due 3-1-48 (valued at $6,936,000, including interest)	$	6,800,000		6,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $6,800,000)			$	6,800,000
Total Investments (Mid Cap Stock Trust) (Cost $650,590,973) – 106.3%			$	781,234,335
Other assets and liabilities, net – (6.3%)				(46,265,148)
TOTAL NET ASSETS – 100.0%			$	734,969,187

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $44,631,908.
(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)	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.
(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 9-30-19.
(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.

Mid Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 93.3%
Communication services – 3.9%
Entertainment – 1.0%
Viacom, Inc., Class B	284,825	$	6,844,345
Media – 2.9%
CBS Corp., Class B	48,981		1,977,363

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
DISH Network Corp., Class A (A)	67,400	$	2,296,318
Fox Corp., Class A	26,800		845,138
News Corp., Class A	829,651		11,548,742
Scholastic Corp.	56,392		2,129,362
			18,796,923
			25,641,268
Consumer discretionary – 3.5%
Diversified consumer services – 0.8%
Strategic Education, Inc.	39,663		5,389,408
Multiline retail – 0.4%
Nordstrom, Inc. (B)	79,500		2,676,765
Specialty retail – 1.6%
The Gap, Inc.	26,900		466,984
Tiffany & Company	108,780		10,076,291
			10,543,275
Textiles, apparel and luxury goods – 0.7%
Ralph Lauren Corp.	44,396		4,238,486
			22,847,934
Consumer staples – 9.5%
Beverages – 1.4%
Carlsberg A/S, Class B	61,306		9,059,681
Food and staples retailing – 1.0%
Sysco Corp.	47,917		3,804,610
The Kroger Company	113,530		2,926,803
			6,731,413
Food products – 5.8%
Archer-Daniels-Midland Company	100,069		4,109,834
Bunge, Ltd.	281,505		15,938,813
Campbell Soup Company (B)	103,910		4,875,457
Flowers Foods, Inc.	559,962		12,951,921
			37,876,025
Household products – 0.5%
Kimberly-Clark Corp.	21,626		3,071,973
Personal products – 0.8%
Edgewell Personal Care Company (A)(B)	161,574		5,249,539
			61,988,631
Energy – 10.7%
Energy equipment and services – 1.1%
Frank's International NV (A)	470,840		2,236,491
SEACOR Holdings, Inc. (A)	29,502		1,388,659
SEACOR Marine Holdings, Inc. (A)	98,958		1,243,902
Tidewater, Inc. (A)	139,940		2,114,493
			6,983,545
Oil, gas and consumable fuels – 9.6%
Apache Corp.	95,581		2,446,874
ARC Resources, Ltd.	236,756		1,127,622
Cameco Corp. (B)	557,997		5,300,972
Canadian Natural Resources, Ltd.	313,503		8,348,585
EQT Corp.	881,331		9,377,362
Equitrans Midstream Corp. (B)	421,254		6,129,246
Hess Corp.	148,416		8,976,200
Imperial Oil, Ltd.	484,391		12,608,698
Murphy Oil Corp. (B)	292,398		6,464,920
NAC Kazatomprom JSC, GDR	178,450		2,352,757
			63,133,236
			70,116,781
Financials – 17.6%
Banks – 3.1%
Fifth Third Bancorp	435,121		11,913,613
Popular, Inc.	28,408		1,536,305

 

171

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Westamerica Bancorporation	106,218	$	6,604,635
			20,054,553
Capital markets – 6.0%
Franklin Resources, Inc.	203,863		5,883,486
Lazard, Ltd., Class A (B)	242,231		8,478,085
Northern Trust Corp.	161,129		15,036,558
State Street Corp.	171,700		10,162,923
			39,561,052
Consumer finance – 1.3%
Ally Financial, Inc.	144,605		4,795,102
Synchrony Financial	107,867		3,677,186
			8,472,288
Diversified financial services – 0.8%
Groupe Bruxelles Lambert SA	15,547		1,492,329
Pargesa Holding SA, Bearer Shares	53,225		4,093,982
			5,586,311
Insurance – 5.7%
Brighthouse Financial, Inc. (A)	58,252		2,357,458
Brown & Brown, Inc.	209,176		7,542,887
CNA Financial Corp.	167,261		8,237,604
Kemper Corp.	61,496		4,793,613
Loews Corp.	176,681		9,095,538
Marsh & McLennan Companies, Inc.	50,815		5,084,041
			37,111,141
Thrifts and mortgage finance – 0.7%
Capitol Federal Financial, Inc.	327,604		4,514,383
			115,299,728
Health care – 15.1%
Biotechnology – 1.7%
Alkermes PLC (A)	233,136		4,548,483
Incyte Corp. (A)	53,593		3,978,208
Seattle Genetics, Inc. (A)	34,719		2,965,003
			11,491,694
Health care equipment and supplies – 6.5%
Alcon, Inc. (A)	48,147		2,808,408
Baxter International, Inc.	96,618		8,451,176
DENTSPLY SIRONA, Inc.	184,537		9,837,667
Envista Holdings Corp. (A)	18,559		517,425
Hologic, Inc. (A)	236,234		11,927,455
Zimmer Biomet Holdings, Inc.	64,275		8,823,029
			42,365,160
Health care providers and services – 4.3%
Cardinal Health, Inc.	150,330		7,094,073
Covetrus, Inc. (A)(B)	159,705		1,898,892
Patterson Companies, Inc. (B)	447,942		7,982,326
Select Medical Holdings Corp. (A)	675,220		11,188,395
			28,163,686
Pharmaceuticals – 2.6%
Amneal Pharmaceuticals, Inc. (A)(B)	41,841		121,339
Elanco Animal Health, Inc. (A)	122,636		3,260,891
Perrigo Company PLC	240,050		13,416,395
			16,798,625
			98,819,165
Industrials – 9.3%
Aerospace and defense – 2.3%
Cobham PLC (A)	1,297,151		2,499,971
Textron, Inc.	260,735		12,765,586
			15,265,557
Air freight and logistics – 1.7%
C.H. Robinson Worldwide, Inc. (B)	85,983		7,289,639

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
Expeditors International of Washington, Inc.	52,938	$	3,932,764
			11,222,403
Commercial services and supplies – 0.6%
Cintas Corp.	14,754		3,955,547
Machinery – 3.2%
AGCO Corp.	50,588		3,829,512
CNH Industrial NV (B)	197,239		2,001,976
PACCAR, Inc.	60,200		4,214,602
Wabtec Corp. (B)	49,251		3,539,177
Xylem, Inc.	88,553		7,050,590
			20,635,857
Road and rail – 1.5%
J.B. Hunt Transport Services, Inc.	40,500		4,481,325
Kansas City Southern	37,237		4,952,893
			9,434,218
			60,513,582
Information technology – 3.8%
Electronic equipment, instruments and components – 1.3%
AVX Corp.	231,620		3,520,624
National Instruments Corp. (B)	113,518		4,766,621
			8,287,245
IT services – 0.4%
Cognizant Technology Solutions Corp., Class A	42,371		2,553,488
Semiconductors and semiconductor equipment – 1.4%
Applied Materials, Inc.	190,601		9,510,990
Technology hardware, storage and peripherals – 0.7%
Western Digital Corp.	72,996		4,353,481
			24,705,204
Materials – 10.0%
Chemicals – 2.2%
CF Industries Holdings, Inc.	3,611		177,661
Corteva, Inc.	190,100		5,322,800
PPG Industries, Inc.	22,219		2,633,174
RPM International, Inc.	34,000		2,339,540
Westlake Chemical Corp.	61,200		4,009,824
			14,482,999
Construction materials – 1.5%
Summit Materials, Inc., Class A (A)	143,500		3,185,700
Vulcan Materials Company	41,356		6,254,681
			9,440,381
Metals and mining – 6.3%
Barrick Gold Corp. (B)	568,608		9,853,977
Cia de Minas Buenaventura SAA, ADR	265,338		4,027,831
Franco-Nevada Corp.	100,491		9,156,715
Freeport-McMoRan, Inc.	459,900		4,401,243
Gold Fields, Ltd., ADR	338,100		1,663,452
Newmont Goldcorp Corp.	222,717		8,445,429
Nucor Corp.	76,407		3,889,880
			41,438,527
			65,361,907
Real estate – 6.5%
Equity real estate investment trusts – 6.1%
Equity Commonwealth	187,060		6,406,805
Equity Residential	80,949		6,982,661
Rayonier, Inc.	378,915		10,685,403
Regency Centers Corp.	54,175		3,764,621
Weyerhaeuser Company	429,767		11,904,546
			39,744,036

 

172

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development – 0.4%
The St. Joe Company (A)(B)	144,771	$	2,479,927
			42,223,963
Utilities – 3.4%
Electric utilities – 3.2%
Entergy Corp.	30,955		3,632,879
FirstEnergy Corp.	276,100		13,316,303
PG&E Corp. (A)	408,350		4,083,500
			21,032,682
Independent power and renewable electricity producers – 0.2%
Vistra Energy Corp.	52,330		1,398,781
			22,431,463
TOTAL COMMON STOCKS (Cost $574,257,613)		$	609,949,626
PREFERRED SECURITIES – 0.3%
Consumer staples – 0.3%
Food products – 0.3%
Bunge, Ltd., 4.875%	18,222		1,851,902
TOTAL PREFERRED SECURITIES (Cost $2,064,626)		$	1,851,902
SECURITIES LENDING COLLATERAL – 4.2%
John Hancock Collateral Trust, 2.1169% (C)(D)	2,716,528		27,183,482
TOTAL SECURITIES LENDING COLLATERAL (Cost $27,183,400)		$	27,183,482
SHORT-TERM INVESTMENTS – 6.1%
Money market funds – 6.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	2,064,249		2,064,249
T. Rowe Price Government Reserve Fund, 2.0381% (C)	38,021,470		38,021,470
			40,085,719
TOTAL SHORT-TERM INVESTMENTS (Cost $40,085,719)		$	40,085,719
Total Investments (Mid Value Trust) (Cost $643,591,358) – 103.9%		$	679,070,729
Other assets and liabilities, net – (3.9%)			(25,189,869)
TOTAL NET ASSETS – 100.0%		$	653,880,860

Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $26,491,887.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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.

Mutual Shares Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 89.3%
Communication services – 9.5%
Diversified telecommunication services – 0.7%
Koninklijke KPN NV	335,100	$	1,044,319
Entertainment – 2.7%
The Walt Disney Company	30,468		3,970,590

Mutual Shares Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media – 6.1%
Charter Communications, Inc., Class A (A)	7,942	$	3,273,057
Comcast Corp., Class A	61,072		2,753,126
Discovery, Inc., Series C (A)	55,300		1,361,486
DISH Network Corp., Class A (A)	33,142		1,129,148
iHeartMedia, Inc., Class A (A)(B)	41,767		626,505
iHeartMedia, Inc., Class B (A)	704		10,560
			9,153,882
			14,168,791
Consumer discretionary – 5.5%
Automobiles – 1.3%
General Motors Company	51,290		1,922,349
Household durables – 3.2%
Lennar Corp., A Shares	28,100		1,569,385
Newell Brands, Inc.	116,016		2,171,820
Toll Brothers, Inc.	22,400		919,520
			4,660,725
Textiles, apparel and luxury goods – 1.0%
PVH Corp.	17,400		1,535,202
			8,118,276
Consumer staples – 8.4%
Food and staples retailing – 2.6%
The Kroger Company	85,631		2,207,567
Walgreens Boots Alliance, Inc.	28,930		1,600,118
			3,807,685
Food products – 2.4%
Archer-Daniels-Midland Company	32,100		1,318,347
The Kraft Heinz Company	80,800		2,257,148
			3,575,495
Household products – 0.6%
Energizer Holdings, Inc.	21,313		928,821
Tobacco – 2.8%
Altria Group, Inc.	27,572		1,127,695
British American Tobacco PLC	51,908		1,916,974
British American Tobacco PLC, ADR	17,408		642,355
Imperial Brands PLC	19,494		437,761
			4,124,785
			12,436,786
Energy – 9.8%
Energy equipment and services – 1.9%
Baker Hughes, a GE Company	55,900		1,296,880
Schlumberger, Ltd.	43,300		1,479,561
			2,776,441
Oil, gas and consumable fuels – 7.9%
BP PLC	284,828		1,803,177
Kinder Morgan, Inc.	137,600		2,835,936
Marathon Oil Corp.	126,877		1,556,781
Occidental Petroleum Corp.	24,676		1,097,342
Plains GP Holdings LP, Class A (A)	44,201		938,387
Royal Dutch Shell PLC, A Shares	31,946		936,910
Royal Dutch Shell PLC, A Shares (London Stock Exchange) (B)	31,125		912,785
The Williams Companies, Inc.	73,384		1,765,619
			11,846,937
			14,623,378
Financials – 22.4%
Banks – 10.9%
Barclays PLC	7,734		14,250
Cadence BanCorp	20,900		366,586
CIT Group, Inc.	28,078		1,272,214

 

173

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Citigroup, Inc.	42,560	$	2,940,045
Citizens Financial Group, Inc.	60,535		2,141,123
Independent Bank Group, Inc.	2,312		121,634
JPMorgan Chase & Co.	33,812		3,979,334
Synovus Financial Corp.	63,831		2,282,597
Wells Fargo & Company	61,693		3,111,795
			16,229,578
Consumer finance – 1.4%
Capital One Financial Corp.	23,262		2,116,377
Diversified financial services – 1.3%
Voya Financial, Inc.	36,330		1,977,805
Insurance – 8.8%
Alleghany Corp. (A)	4,369		3,485,413
American International Group, Inc.	67,565		3,763,371
Chubb, Ltd.	7,792		1,257,938
Everest Re Group, Ltd.	2,800		745,052
MetLife, Inc.	25,039		1,180,839
The Hartford Financial Services Group, Inc.	43,259		2,621,928
			13,054,541
			33,378,301
Health care – 13.0%
Biotechnology – 0.7%
Celgene Corp. (A)	9,773		970,459
Health care equipment and supplies – 3.1%
Medtronic PLC	42,639		4,631,448
Health care providers and services – 1.5%
CVS Health Corp.	34,948		2,204,170
Pharmaceuticals – 7.7%
Eli Lilly & Company	19,414		2,171,068
GlaxoSmithKline PLC	147,999		3,172,298
Merck & Company, Inc.	22,353		1,881,676
Novartis AG, ADR	39,242		3,410,130
Perrigo Company PLC	15,700		877,473
			11,512,645
			19,318,722
Industrials – 7.5%
Aerospace and defense – 2.2%
BAE Systems PLC	212,441		1,487,785
Huntington Ingalls Industries, Inc.	8,127		1,721,217
			3,209,002
Building products – 1.6%
Johnson Controls International PLC	55,200		2,422,728
Construction and engineering – 0.3%
Fluor Corp.	20,053		383,614
Electrical equipment – 1.7%
Sensata Technologies Holding PLC (A)	51,497		2,577,940
Industrial conglomerates – 1.0%
General Electric Company	160,158		1,431,813
Machinery – 0.7%
CNH Industrial NV	110,402		1,124,237
			11,149,334
Information technology – 9.3%
Communications equipment – 1.0%
Cisco Systems, Inc.	28,487		1,407,543
Electronic equipment, instruments and components – 1.0%
Corning, Inc.	54,009		1,540,337
IT services – 1.6%
Cognizant Technology Solutions Corp., Class A	39,426		2,376,008

Mutual Shares Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software – 1.8%
Symantec Corp.		112,937	$	2,668,701
Technology hardware, storage and peripherals – 3.9%
Hewlett Packard Enterprise Company		86,693		1,315,133
Samsung Electronics Company, Ltd.		63,416		2,596,506
Western Digital Corp.		32,400		1,932,336
				5,843,975
				13,836,564
Materials – 1.5%
Containers and packaging – 1.5%
International Paper Company		44,080		1,843,426
Westrock Company		12,086		440,535
				2,283,961
Real estate – 1.6%
Equity real estate investment trusts – 1.6%
Alexander's, Inc.		2,422		843,849
Vornado Realty Trust		23,418		1,491,024
				2,334,873
Utilities – 0.8%
Independent power and renewable electricity producers – 0.8%
Vistra Energy Corp.		45,613		1,219,235
TOTAL COMMON STOCKS (Cost $118,947,023)			$	132,868,221
CORPORATE BONDS - 2.1%
Communication services - 0.8%
Frontier Communications Corp.
8.000%, 04/01/2027 (C)	$	267,000		281,602
10.500%, 09/15/2022		905,000		415,734
11.000%, 09/15/2025		1,015,000		458,653
				1,155,989
Energy - 0.1%
McDermott Technology Americas, Inc. 10.625%, 05/01/2024 (C)		405,000		94,163
Information technology - 1.2%
Banff Merger Sub, Inc. 9.750%, 09/01/2026 (C)		762,000		727,329
Veritas US, Inc.
7.500%, 02/01/2023 (C)		200,000		197,689
10.500%, 02/01/2024 (C)		983,000		928,935
				1,853,953
TOTAL CORPORATE BONDS (Cost $4,241,171)			$	3,104,105
ESCROW CERTIFICATES - 0.0%
iHeartCommunications, Inc. 9.000%, 12/15/2019 (A)(D)		3,977,000		398
Texas Competitive Electric Holdings Company LLC 11.500%, 10/01/2020 (A)(D)		7,466,240		11,199
TOTAL ESCROW CERTIFICATES (Cost $3,316)			$	11,597
SECURITIES LENDING COLLATERAL – 1.1%
John Hancock Collateral Trust, 2.1169% (E)(F)		157,320		1,574,253
TOTAL SECURITIES LENDING COLLATERAL (Cost $1,574,327)			$	1,574,253
SHORT-TERM INVESTMENTS – 8.7%
U.S. Government – 2.0%
U.S. Treasury Bill
1.910%, 12/05/2019 *	$	1,500,000		1,495,176
2.175%, 10/10/2019 *		1,500,000		1,499,333
				2,994,509

 

174

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
U.S. Government Agency – 6.7%
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *	$	10,000,000	$	10,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $12,994,011)			$	12,994,509
Total Investments (Mutual Shares Trust) (Cost $137,759,848) – 101.2%			$	150,552,685
Other assets and liabilities, net – (1.2%)				(1,774,865)
TOTAL NET ASSETS – 100.0%			$	148,777,820

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.

Mutual Shares Trust (continued)

(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $1,514,405.
(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 9-30-19.
(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

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
GBP	52,125	USD	65,157	BOA	10/24/2019	—	$(1,009)
GBP	53,544	USD	66,596	HSBC	10/24/2019	—	(702)
USD	2,416,326	EUR	2,186,661	HSBC	10/16/2019	$30,453	—
USD	3,349,072	GBP	2,711,887	HSBC	10/24/2019	11,679	—
USD	2,537,217	KRW	3,023,389,508	HSBC	10/18/2019	14,564	—
						$56,696	$(1,711)

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

Derivatives Abbreviations
BOA	Bank of America, N.A.
HSBC	HSBC Bank PLC
OTC	Over-the-counter

Real Estate Securities Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.1%
Information technology – 1.0%
IT services – 1.0%
IT consulting and other services – 1.0%
InterXion Holding NV (A)	45,738	$	3,725,817
Real estate – 98.1%
Equity real estate investment trusts – 98.1%
Diversified REITs – 8.5%
Essential Properties Realty Trust, Inc.	147,880		3,387,931
Liberty Property Trust	70,237		3,605,265
STORE Capital Corp.	346,540		12,964,061
VEREIT, Inc.	1,231,252		12,041,645
			31,998,902
Health care REITs – 13.1%
HCP, Inc.	366,854		13,071,008
Medical Properties Trust, Inc.	498,329		9,747,315
Omega Healthcare Investors, Inc.	222,615		9,303,081

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Welltower, Inc.	188,508	$	17,088,250
			49,209,654
Hotel and resort REITs – 4.4%
DiamondRock Hospitality Company	312,913		3,207,358
Host Hotels & Resorts, Inc.	275,527		4,763,862
Park Hotels & Resorts, Inc.	81,143		2,026,141
Ryman Hospitality Properties, Inc.	80,869		6,615,893
			16,613,254
Industrial REITs – 10.4%
Americold Realty Trust	225,587		8,362,510
Prologis, Inc.	249,882		21,294,944
Rexford Industrial Realty, Inc.	209,662		9,229,321
			38,886,775
Office REITs – 10.4%
Alexandria Real Estate Equities, Inc.	83,661		12,887,140
Douglas Emmett, Inc.	203,915		8,733,679
JBG SMITH Properties	122,256		4,793,658
Kilroy Realty Corp.	101,933		7,939,561

 

175

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Paramount Group, Inc.	352,991	$	4,712,430
			39,066,468
Residential REITs – 19.2%
Apartment Investment & Management Company, A Shares	176,518		9,203,649
Equity LifeStyle Properties, Inc.	86,706		11,583,922
Equity Residential	194,329		16,762,820
Essex Property Trust, Inc.	28,339		9,256,934
Invitation Homes, Inc.	416,526		12,333,335
Mid-America Apartment Communities, Inc.	99,009		12,872,160
			72,012,820
Retail REITs – 10.8%
Agree Realty Corp.	95,381		6,977,120
Brixmor Property Group, Inc.	298,600		6,058,594
Kimco Realty Corp.	450,576		9,408,027
Realty Income Corp.	63,763		4,889,347
Regency Centers Corp.	18,396		1,278,338
Simon Property Group, Inc.	76,195		11,859,752
			40,471,178
Specialized REITs – 21.3%
American Tower Corp.	28,601		6,324,539
CoreSite Realty Corp.	61,270		7,465,750
CubeSmart	191,068		6,668,273
CyrusOne, Inc.	116,604		9,223,376
Equinix, Inc.	42,066		24,263,669
Extra Space Storage, Inc.	130,505		15,245,594
Life Storage, Inc.	58,187		6,133,492
SBA Communications Corp.	18,200		4,388,930
			79,713,623
			367,972,674
TOTAL COMMON STOCKS (Cost $324,329,689)		$	371,698,491
SHORT-TERM INVESTMENTS – 0.3%
Money market funds – 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (B)	1,107,163		1,107,163
TOTAL SHORT-TERM INVESTMENTS (Cost $1,107,163)		$	1,107,163
Total Investments (Real Estate Securities Trust) (Cost $325,436,852) – 99.4%		$	372,805,654
Other assets and liabilities, net – 0.6%			2,263,792
TOTAL NET ASSETS – 100.0%		$	375,069,446

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-19.

Science & Technology Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 93.2%
Communication services – 21.1%
Entertainment – 2.3%
Activision Blizzard, Inc.	35,685	$	1,888,450
Electronic Arts, Inc. (A)	44,657		4,368,348
Netflix, Inc. (A)	23,000		6,155,260
Take-Two Interactive Software, Inc. (A)	40,605		5,089,431

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
Zynga, Inc., Class A (A)	136,745	$	795,856
			18,297,345
Interactive media and services – 18.5%
58.com, Inc., ADR (A)	230,294		11,355,797
Alphabet, Inc., Class C (A)	43,262		52,736,378
Facebook, Inc., Class A (A)	287,858		51,261,753
Mail.Ru Group, Ltd., GDR (A)	464,252		9,705,607
NAVER Corp.	97,639		12,806,838
Snap, Inc., Class A (A)(B)	556,455		8,791,989
Yandex NV, Class A (A)	26,260		919,363
			147,577,725
Media – 0.3%
News Corp., Class A	165,285		2,300,767
			168,175,837
Consumer discretionary – 14.6%
Automobiles – 1.1%
Tesla, Inc. (A)(B)	34,801		8,382,517
Diversified consumer services – 0.2%
GSX Techedu, Inc., ADR (A)(B)	126,169		1,931,647
Household durables – 0.2%
Roku, Inc. (A)(B)	17,470		1,777,747
Internet and direct marketing retail – 13.1%
Alibaba Group Holding, Ltd., ADR (A)	114,232		19,103,017
Amazon.com, Inc. (A)	12,959		22,495,658
Booking Holdings, Inc. (A)	10,058		19,739,931
Ctrip.com International, Ltd., ADR (A)	683,964		20,033,306
GrubHub, Inc. (A)(B)	4,610		259,128
Naspers, Ltd., N Shares	44,073		6,673,058
Prosus NV (A)	45,362		3,329,941
Zalando SE (A)(C)	272,976		12,463,858
			104,097,897
			116,189,808
Health care – 1.2%
Health care equipment and supplies – 1.0%
Intuitive Surgical, Inc. (A)	14,900		8,044,957
Health care technology – 0.2%
Veeva Systems, Inc., Class A (A)	9,705		1,481,856
			9,526,813
Industrials – 0.3%
Electrical equipment – 0.0%
Bloom Energy Corp., Class A (A)(B)	126,549		411,284
Industrial conglomerates – 0.2%
Roper Technologies, Inc.	4,715		1,681,369
Road and rail – 0.1%
Lyft, Inc., Class A (A)	6,655		271,790
Uber Technologies, Inc. (A)(B)	9,705		295,711
			567,501
			2,660,154
Information technology – 55.8%
Communications equipment – 0.2%
Arista Networks, Inc. (A)	3,135		749,014
Viavi Solutions, Inc. (A)	28,460		398,582
			1,147,596
Electronic equipment, instruments and components – 0.1%
CDW Corp.	1,535		189,173
Cognex Corp.	1,125		55,271
Flex, Ltd. (A)	75,550		790,630
			1,035,074

 

176

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services – 10.4%
Akamai Technologies, Inc. (A)	81,500	$	7,447,470
Capgemini SE	6,795		800,119
DXC Technology Company	21,275		627,613
Fidelity National Information Services, Inc.	42,478		5,639,379
Fiserv, Inc. (A)	43,417		4,497,567
Global Payments, Inc.	31,731		5,045,229
Mastercard, Inc., Class A	53,460		14,518,132
MongoDB, Inc. (A)(B)	55,150		6,644,472
Okta, Inc. (A)(B)	119,635		11,779,262
PayPal Holdings, Inc. (A)	34,250		3,547,958
Shopify, Inc., Class A (A)	1,175		366,201
Square, Inc., Class A (A)	6,470		400,817
Twilio, Inc., Class A (A)(B)	121,200		13,327,152
Visa, Inc., Class A	47,495		8,169,615
			82,810,986
Semiconductors and semiconductor equipment – 15.1%
Advanced Micro Devices, Inc. (A)	312,820		9,068,652
Analog Devices, Inc.	39,075		4,365,850
Applied Materials, Inc.	102,930		5,136,207
ASML Holding NV	12,650		3,137,370
ASML Holding NV	4,625		1,148,943
Broadcom, Inc.	13,940		3,848,416
Cree, Inc. (A)	99,555		4,878,195
Infineon Technologies AG	22,926		411,906
KLA Corp.	37,505		5,980,172
Lam Research Corp.	15,400		3,559,094
Marvell Technology Group, Ltd.	148,591		3,710,317
Maxim Integrated Products, Inc.	132,072		7,648,290
Microchip Technology, Inc. (B)	59,925		5,567,632
Micron Technology, Inc. (A)	419,865		17,991,215
NVIDIA Corp.	104,962		18,270,735
ON Semiconductor Corp. (A)	182,370		3,503,328
QUALCOMM, Inc.	141,280		10,776,838
Taiwan Semiconductor Manufacturing Company, Ltd., ADR (B)	28,955		1,345,828
Teradyne, Inc.	94,840		5,492,184
Texas Instruments, Inc.	20,495		2,648,774
Xilinx, Inc.	19,340		1,854,706
			120,344,652
Software – 24.5%
Alteryx, Inc., Class A (A)(B)	105,090		11,289,819
Aspen Technology, Inc. (A)	3,850		473,858
Atlassian Corp. PLC, Class A (A)	60,605		7,602,291
Autodesk, Inc. (A)(B)	7,995		1,180,862
AVEVA Group PLC	29,855		1,356,601
Coupa Software, Inc. (A)	6,460		837,022
Crowdstrike Holdings, Inc., Class A (A)(B)	11,960		697,388
Datadog, Inc., Class A (A)	12,039		408,242
Dynatrace, Inc. (A)	7,845		146,466
Elastic NV (A)	64,597		5,318,917
ForeScout Technologies, Inc. (A)	23,450		889,224
Fortinet, Inc. (A)	51,765		3,973,481
Guidewire Software, Inc. (A)(B)	3,760		396,229
HubSpot, Inc. (A)	5,590		847,500
Intuit, Inc.	11,572		3,077,458
Microsoft Corp.	384,426		53,446,747
Palo Alto Networks, Inc. (A)	17,120		3,489,570
Paycom Software, Inc. (A)	83,625		17,518,601
Proofpoint, Inc. (A)(B)	50,835		6,560,257
Rapid7, Inc. (A)	45,195		2,051,401
RealPage, Inc. (A)(B)	11,535		725,090
RingCentral, Inc., Class A (A)	88,235		11,087,610

Science & Technology Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
salesforce.com, Inc. (A)		155,815	$	23,129,179
ServiceNow, Inc. (A)		20,203		5,128,532
Smartsheet, Inc., Class A (A)		18,760		675,923
Splunk, Inc. (A)		4,055		477,922
Symantec Corp.		714,003		16,871,891
Synopsys, Inc. (A)		34,965		4,798,946
Temenos AG (A)		8,720		1,460,163
Workday, Inc., Class A (A)		23,345		3,967,716
Zendesk, Inc. (A)		17,995		1,311,476
Zscaler, Inc. (A)(B)		87,510		4,135,723
				195,332,105
Technology hardware, storage and peripherals – 5.5%
Apple, Inc.		22,515		5,042,685
NetApp, Inc.		45,610		2,394,981
Pure Storage, Inc., Class A (A)		769,161		13,029,587
Samsung Electronics Company, Ltd.		569,780		23,329,088
				43,796,341
				444,466,754
Materials – 0.2%
Chemicals – 0.2%
DuPont de Nemours, Inc.		25,433		1,813,627
TOTAL COMMON STOCKS (Cost $674,461,130)			$	742,832,993
PREFERRED SECURITIES – 0.2%
Consumer discretionary – 0.1%
Internet and direct marketing retail – 0.1%
Airbnb, Inc., Series E (A)(D)(E)		8,624		949,416
Information technology – 0.1%
Software – 0.1%
DiDi Chuxing, Inc. (A)(D)(E)		9,513		484,517
TOTAL PREFERRED SECURITIES (Cost $1,063,751)			$	1,433,933
SECURITIES LENDING COLLATERAL – 6.3%
John Hancock Collateral Trust, 2.1169% (F)(G)		4,983,734		49,870,726
TOTAL SECURITIES LENDING COLLATERAL (Cost $49,871,533)			$	49,870,726
SHORT-TERM INVESTMENTS – 7.5%
Money market funds – 4.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (F)		514,455		514,455
T. Rowe Price Government Reserve Fund, 2.0381% (F)		32,179,205		32,179,205
				32,693,660
Repurchase agreement – 3.4%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $27,055,601 on 10-1-19, collateralized by $26,975,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $27,598,932, including interest)	$	27,055,000		27,055,000
TOTAL SHORT-TERM INVESTMENTS (Cost $59,748,660)			$	59,748,660
Total Investments (Science & Technology Trust) (Cost $785,145,074) – 107.2%			$	853,886,312
Other assets and liabilities, net – (7.2%)				(57,091,108)
TOTAL NET ASSETS – 100.0%			$	796,795,204

Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt

 

177

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $48,677,273.
(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)	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.
(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 9-30-19.
(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.

Select Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 42.4%
U.S. Government – 14.1%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	274,705,000	$	308,474,398
2.875%, 05/15/2049		247,066,000		288,391,648
3.000%, 02/15/2047		204,600,000		242,722,733
U.S. Treasury Notes
1.250%, 08/31/2024		29,072,000		28,668,853
1.625%, 08/15/2029		303,318,000		302,002,831
				1,170,260,463
U.S. Government Agency – 28.3%
Federal Home Loan Mortgage Corp.
2.375%, 01/13/2022		12,500,000		12,695,906
3.000%, 10/01/2031 to 09/01/2049		365,758,380		375,563,517
3.500%, 01/01/2029 to 11/01/2047		204,571,196		214,357,286
4.000%, 09/01/2041 to 12/01/2048		97,620,475		103,568,599
4.500%, 08/01/2040 to 10/01/2041		43,461,410		46,980,029
5.000%, 09/01/2040 to 03/01/2041		8,529,333		9,359,164
5.500%, 05/01/2039		2,491,892		2,775,047
Federal National Mortgage Association
2.625%, 09/06/2024 (A)		8,300,000		8,696,938
3.000%, 09/01/2027 to 09/01/2049		268,828,298		276,001,075
3.500%, 05/01/2029 to 09/01/2049		482,619,853		505,170,231
4.000%, 05/01/2025 to 10/01/2048		405,157,069		433,347,211
4.500%, 01/01/2027 to 07/01/2048		240,787,086		259,271,431
5.000%, 02/01/2033 to 12/01/2041		56,684,737		62,120,779
5.500%, 10/01/2035 to 03/01/2041		14,886,540		16,682,917
Government National Mortgage Association
3.500%, 04/20/2046		8,244,535		8,607,642
4.000%, 10/15/2039 to 11/15/2041		6,497,273		6,932,016
				2,342,129,788
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $3,377,415,013)			$	3,512,390,251
FOREIGN GOVERNMENT OBLIGATIONS – 0.5%
Qatar – 0.3%
State of Qatar
3.375%, 03/14/2024 (B)		11,857,000		12,405,386
5.103%, 04/23/2048 (B)		8,410,000		10,743,775
				23,149,161

Select Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Saudi Arabia – 0.2%
Kingdom of Saudi Arabia 4.375%, 04/16/2029 (B)	$	15,480,000	$	17,376,300
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $35,600,466)			$	40,525,461
CORPORATE BONDS – 34.6%
Communication services – 2.1%
Activision Blizzard, Inc. 3.400%, 09/15/2026		5,073,000		5,275,951
AT&T, Inc.
3.400%, 05/15/2025		16,675,000		17,411,594
3.800%, 02/15/2027		9,390,000		9,949,850
CBS Corp.
3.375%, 03/01/2022		4,495,000		4,596,121
3.700%, 08/15/2024		7,165,000		7,495,403
CC Holdings GS V LLC 3.849%, 04/15/2023		8,365,000		8,785,474
Charter Communications Operating LLC
4.200%, 03/15/2028		14,442,000		15,203,736
5.750%, 04/01/2048		17,520,000		19,965,533
6.484%, 10/23/2045		15,293,000		18,634,452
Comcast Corp. 3.000%, 02/01/2024		12,675,000		13,145,832
Myriad International Holdings BV
4.850%, 07/06/2027 (B)		3,610,000		3,986,086
5.500%, 07/21/2025 (B)		8,425,000		9,363,444
Verizon Communications, Inc.
4.400%, 11/01/2034		7,105,000		8,098,944
4.672%, 03/15/2055		6,820,000		8,176,901
4.862%, 08/21/2046		18,550,000		22,681,349
				172,770,670
Consumer discretionary – 3.1%
Amazon.com, Inc.
3.150%, 08/22/2027		18,425,000		19,581,998
4.050%, 08/22/2047		10,825,000		13,029,363
Daimler Finance North America LLC
3.500%, 08/03/2025 (B)		2,615,000		2,739,417
3.750%, 11/05/2021 (B)		7,755,000		7,973,125
Dollar Tree, Inc. 4.200%, 05/15/2028		19,755,000		21,231,787
Expedia Group, Inc.
3.250%, 02/15/2030 (B)		13,045,000		13,011,237
3.800%, 02/15/2028		17,575,000		18,396,297
5.000%, 02/15/2026		15,420,000		17,325,170
Ford Motor Credit Company LLC
3.336%, 03/18/2021		7,690,000		7,725,699
3.813%, 10/12/2021		20,035,000		20,304,888
5.875%, 08/02/2021		19,834,000		20,774,401
General Motors Company 4.875%, 10/02/2023		15,077,000		16,184,751
General Motors Financial Company, Inc.
4.000%, 01/15/2025		21,393,000		21,987,463
4.300%, 07/13/2025		11,129,000		11,580,085
Lear Corp. 5.250%, 01/15/2025		9,687,000		10,006,275
Nissan Motor Acceptance Corp. 3.450%, 03/15/2023 (B)		6,650,000		6,827,926
QVC, Inc.
4.375%, 03/15/2023		8,605,000		8,893,386
5.125%, 07/02/2022		4,524,000		4,753,267
5.450%, 08/15/2034		3,840,000		3,907,698
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (B)		8,800,000		9,248,331
				255,482,564

 

178

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples – 0.7%
Alimentation Couche-Tard, Inc. 2.700%, 07/26/2022 (B)	$	7,125,000	$	7,178,583
Anheuser-Busch InBev Worldwide, Inc. 4.600%, 04/15/2048		9,755,000		11,245,052
Conagra Brands, Inc. 3.800%, 10/22/2021		6,433,000		6,638,673
Keurig Dr Pepper, Inc. 3.551%, 05/25/2021		15,184,000		15,519,648
Kraft Heinz Foods Company 4.875%, 02/15/2025 to 10/01/2049 (B)		18,238,000		18,570,554
				59,152,510
Energy – 3.7%
Cimarex Energy Company 4.375%, 06/01/2024		6,403,000		6,728,721
Colorado Interstate Gas Company LLC 4.150%, 08/15/2026 (B)		5,555,000		5,836,756
Columbia Pipeline Group, Inc. 4.500%, 06/01/2025		6,723,000		7,246,824
Continental Resources, Inc. 5.000%, 09/15/2022		8,342,000		8,415,493
Enable Midstream Partners LP
3.900%, 05/15/2024		10,067,000		10,262,328
4.150%, 09/15/2029		12,155,000		11,698,558
4.950%, 05/15/2028		13,200,000		13,712,099
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) 03/01/2078		9,984,000		10,581,893
Energy Transfer Operating LP
4.200%, 04/15/2027		4,472,000		4,704,138
4.250%, 03/15/2023		10,387,000		10,852,750
5.150%, 03/15/2045		9,380,000		9,836,264
5.875%, 01/15/2024		8,500,000		9,450,689
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) 08/16/2077		15,320,000		15,192,176
Husky Energy, Inc. 3.950%, 04/15/2022		9,500,000		9,800,633
Kinder Morgan Energy Partners LP 7.750%, 03/15/2032		7,325,000		9,901,106
Kinder Morgan, Inc. 3.150%, 01/15/2023		5,616,000		5,754,836
MPLX LP
4.000%, 03/15/2028		7,750,000		8,080,957
4.250%, 12/01/2027 (B)		5,555,000		5,891,447
5.250%, 01/15/2025 (B)		5,370,000		5,668,030
6.375%, 05/01/2024 (B)		9,095,000		9,540,741
Newfield Exploration Company 5.625%, 07/01/2024		7,185,000		7,926,868
ONEOK Partners LP 5.000%, 09/15/2023		5,575,000		6,035,836
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		6,838,000		7,249,347
5.000%, 03/15/2027 (A)		8,336,000		9,208,372
5.875%, 06/30/2026		12,829,000		14,707,231
Saudi Arabian Oil Company 2.875%, 04/16/2024 (B)		16,387,000		16,571,840
Schlumberger Holdings Corp. 3.750%, 05/01/2024 (B)		16,660,000		17,547,070
Sunoco Logistics Partners Operations LP
3.900%, 07/15/2026		10,801,000		11,205,481
5.400%, 10/01/2047		8,136,000		8,876,021
The Williams Companies, Inc.
3.700%, 01/15/2023		16,435,000		16,997,160
3.750%, 06/15/2027		8,955,000		9,263,488
				304,745,153

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials – 10.7%
American Express Company 2.500%, 08/01/2022	$	17,155,000	$	17,328,333
Ares Capital Corp. 3.625%, 01/19/2022		9,957,000		10,122,835
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year U.S. ISDAFIX + 5.168%) 06/15/2026 (B)(C)		5,540,000		6,135,550
AXA SA 8.600%, 12/15/2030		4,814,000		6,956,230
Banco Santander SA 4.379%, 04/12/2028		10,600,000		11,587,579
Bank of America Corp.
3.950%, 04/21/2025		11,900,000		12,626,164
4.200%, 08/26/2024		6,250,000		6,703,977
4.450%, 03/03/2026		14,180,000		15,454,583
Bank of America Corp. (3.864% to 7-23-23, then 3 month LIBOR + 0.940%) 07/23/2024		16,355,000		17,225,058
Bank of Montreal 3.300%, 02/05/2024		24,810,000		25,819,591
Barclays Bank PLC 10.179%, 06/12/2021 (B)		9,270,000		10,367,015
Barclays PLC 4.375%, 01/12/2026		7,380,000		7,789,025
BPCE SA
4.500%, 03/15/2025 (B)		10,505,000		11,162,010
5.700%, 10/22/2023 (B)		11,475,000		12,630,676
Brighthouse Financial, Inc. 3.700%, 06/22/2027		15,125,000		14,951,874
Cantor Fitzgerald LP 4.875%, 05/01/2024 (B)		12,825,000		13,539,747
Capital One Financial Corp.
3.500%, 06/15/2023		7,570,000		7,884,570
3.900%, 01/29/2024		11,800,000		12,467,952
Citigroup, Inc.
3.200%, 10/21/2026		14,149,000		14,607,133
4.600%, 03/09/2026		15,939,000		17,393,526
5.500%, 09/13/2025		5,625,000		6,372,579
Danske Bank A/S 5.000%, 01/12/2022 (B)		9,007,000		9,469,780
Discover Bank 2.450%, 09/12/2024		9,407,000		9,381,482
Discover Financial Services
3.950%, 11/06/2024		15,399,000		16,334,811
4.100%, 02/09/2027		4,203,000		4,473,187
Doric Nimrod Air Alpha 2013-1 Class B Pass Through Trust 6.125%, 11/30/2021 (B)		997,134		997,034
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) 05/18/2024		16,850,000		17,626,734
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year U.S. ISDAFIX + 5.514%) 06/01/2021 (A)(C)		7,755,000		8,134,995
ING Bank NV 5.800%, 09/25/2023 (B)		10,565,000		11,724,417
ING Groep NV 3.550%, 04/09/2024		8,655,000		9,042,791
Jefferies Financial Group, Inc. 5.500%, 10/18/2023		8,015,000		8,710,486
Jefferies Group LLC
4.150%, 01/23/2030		10,245,000		10,235,953
4.850%, 01/15/2027		9,528,000		10,123,312

 

179

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. 2.950%, 10/01/2026	$	16,624,000	$	17,063,908
JPMorgan Chase & Co. (3.514% to 6-18-21, then 3 month LIBOR + 0.610%) 06/18/2022		19,685,000		20,146,619
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		12,336,000		13,350,825
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) 02/01/2024 (C)		14,980,000		16,627,800
Lazard Group LLC 4.375%, 03/11/2029		7,100,000		7,709,700
Lincoln National Corp. 4.000%, 09/01/2023		4,000,000		4,237,519
Lloyds Banking Group PLC 4.450%, 05/08/2025		20,545,000		22,113,735
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) 11/01/2026 (C)		7,340,000		7,707,000
Macquarie Bank, Ltd. 4.875%, 06/10/2025 (B)		10,730,000		11,546,068
Manufacturers & Traders Trust Company (3 month LIBOR + 0.640%) 2.778%, 12/01/2021 (D)		7,610,000		7,604,725
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) 12/15/2066		5,975,000		7,085,782
MetLife, Inc. (9.250% to 4-8-33, then 3 month LIBOR + 5.540%) 04/08/2068 (B)		4,695,000		6,819,488
Mitsubishi UFJ Financial Group, Inc. 3.218%, 03/07/2022		17,535,000		17,940,558
Morgan Stanley 3.875%, 01/27/2026		7,830,000		8,400,944
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) 04/26/2023 (B)		8,604,000		8,771,588
Nationwide Building Society (3.960% to 7-18-29, then 3 month LIBOR + 1.855%) 07/18/2030 (B)		6,885,000		7,190,878
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. ISDAFIX + 3.650%) 10/16/2044 (B)		7,830,000		8,495,550
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) 09/15/2042		18,101,000		19,497,854
Regions Financial Corp. 3.800%, 08/14/2023		17,750,000		18,724,679
Santander Holdings USA, Inc.
3.400%, 01/18/2023		9,125,000		9,338,252
3.500%, 06/07/2024		17,640,000		18,098,910
3.700%, 03/28/2022		11,876,000		12,174,704
4.400%, 07/13/2027		4,673,000		4,999,403
4.450%, 12/03/2021		6,535,000		6,825,315
Santander UK Group Holdings PLC 4.750%, 09/15/2025 (B)		6,030,000		6,284,215
Stifel Financial Corp. 4.250%, 07/18/2024		7,344,000		7,733,185
SunTrust Bank 2.450%, 08/01/2022 (A)		10,285,000		10,396,041
SunTrust Banks, Inc. 4.000%, 05/01/2025		12,087,000		13,066,265
Synchrony Financial 2.850%, 07/25/2022		3,845,000		3,878,891

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (B)	$	9,660,000	$	10,962,905
The Goldman Sachs Group, Inc. 3.850%, 01/26/2027		23,233,000		24,643,151
The PNC Financial Services Group, Inc. 3.500%, 01/23/2024		11,732,000		12,395,548
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) 06/01/2023 (C)		7,182,000		7,325,640
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) 08/01/2021 (C)		16,415,000		17,511,522
The Royal Bank of Scotland Group PLC 3.875%, 09/12/2023		11,270,000		11,630,648
The Toronto-Dominion Bank
2.650%, 06/12/2024		16,990,000		17,328,328
3.250%, 03/11/2024		15,461,000		16,171,108
UBS Group Funding Switzerland AG (2.859% to 8-15-22, then 3 month LIBOR + 0.954%) 08/15/2023 (B)		13,285,000		13,432,319
Wells Fargo & Company 3.550%, 09/29/2025		20,805,000		22,010,478
Wells Fargo & Company (3 month LIBOR + 3.770%) 5.889%, 12/15/2019 (A)(C)(D)		4,394,000		4,448,925
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) 06/15/2025 (C)		25,435,000		28,034,457
				885,106,419
Health care – 2.1%
AmerisourceBergen Corp. 3.450%, 12/15/2027		12,400,000		12,816,328
Bayer US Finance II LLC 3.500%, 06/25/2021 (B)		6,860,000		6,997,165
Boston Scientific Corp. 3.450%, 03/01/2024		8,281,000		8,640,041
Bristol-Myers Squibb Company 2.900%, 07/26/2024 (B)		20,140,000		20,781,828
Celgene Corp. 3.250%, 02/20/2023		8,204,000		8,493,403
CVS Health Corp.
3.000%, 08/15/2026		2,550,000		2,562,185
4.100%, 03/25/2025		11,525,000		12,306,344
5.050%, 03/25/2048		8,829,000		10,040,625
Fresenius Medical Care US Finance III, Inc. 3.750%, 06/15/2029 (B)		17,015,000		17,093,317
GlaxoSmithKline Capital PLC 3.000%, 06/01/2024		13,634,000		14,115,429
HCA, Inc. 4.125%, 06/15/2029		16,042,000		16,796,983
Pfizer, Inc. 2.950%, 03/15/2024		12,905,000		13,413,718
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/2026		16,137,000		16,653,145
Universal Health Services, Inc.
4.750%, 08/01/2022 (B)		8,705,000		8,770,288
5.000%, 06/01/2026 (B)		6,563,000		6,858,335
				176,339,134
Industrials – 4.3%
3M Company 3.250%, 02/14/2024		11,420,000		12,012,287

 

180

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
AerCap Ireland Capital DAC
2.875%, 08/14/2024	$	7,646,000	$	7,641,348
4.625%, 10/30/2020		1,248,000		1,277,526
5.000%, 10/01/2021		8,640,000		9,084,109
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 11/15/2026 (B)		6,897,319		7,320,814
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 07/15/2027 (B)		9,616,561		9,605,021
Air Lease Corp. 2.250%, 01/15/2023		5,045,000		5,005,793
Aircastle, Ltd. 4.400%, 09/25/2023		5,798,000		6,094,383
America West Airlines 2000-1 Pass Through Trust 8.057%, 01/02/2022		953,531		985,951
American Airlines 2013-1 Class A Pass Through Trust 4.000%, 01/15/2027		4,356,115		4,593,088
American Airlines 2013-2 Class A Pass Through Trust 4.950%, 07/15/2024		9,094,900		9,529,636
American Airlines 2015-1 Class A Pass Through Trust 3.375%, 11/01/2028		10,367,122		10,739,302
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 07/15/2029 (A)		9,430,596		10,105,826
American Airlines 2016-1 Class AA Pass Through Trust 3.575%, 07/15/2029		7,818,947		8,180,182
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 08/15/2030		5,919,069		6,229,228
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 08/15/2030		9,169,956		9,695,120
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 04/15/2031		5,405,690		5,524,074
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 08/15/2033		5,270,000		5,463,936
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 08/15/2033		7,895,000		8,096,086
Ashtead Capital, Inc. 5.250%, 08/01/2026 (B)		10,665,000		11,318,231
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (B)		9,665,917		10,236,207
British Airways 2013-1 Class B Pass Through Trust 5.625%, 12/20/2021 (B)		1,226,073		1,238,824
British Airways 2018-1 Class A Pass Through Trust 4.125%, 03/20/2033 (B)		4,799,801		5,064,270
CH Robinson Worldwide, Inc. 4.200%, 04/15/2028		7,980,000		8,809,330
Continental Airlines 2007-1 Class A Pass Through Trust 5.983%, 10/19/2023		6,744,940		7,120,633

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Delta Air Lines 2002-1 Class G-1 Pass Through Trust 6.718%, 07/02/2024	$	1,473,780	$	1,561,175
Delta Air Lines, Inc.
3.625%, 03/15/2022		13,495,000		13,863,043
3.800%, 04/19/2023		9,835,000		10,200,045
4.375%, 04/19/2028		12,185,000		12,999,621
General Electric Company 5.550%, 01/05/2026		13,902,000		15,724,141
Huntington Ingalls Industries, Inc. 5.000%, 11/15/2025 (B)		10,731,000		11,240,723
IHS Markit, Ltd.
4.000%, 03/01/2026 (B)		12,305,000		12,957,165
4.750%, 02/15/2025 (B)		4,400,000		4,774,000
4.750%, 08/01/2028		6,540,000		7,269,210
Northwest Airlines 2007-1 Class A Pass Through Trust 7.027%, 05/01/2021		764,129		766,422
Owens Corning 3.950%, 08/15/2029		7,342,000		7,466,928
The Boeing Company 3.200%, 03/01/2029		19,955,000		20,954,496
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 03/03/2028		10,250,210		10,819,097
United Airlines 2014-2 Class B Pass Through Trust 4.625%, 03/03/2024		6,007,469		6,190,697
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 01/07/2030		9,369,579		9,596,323
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		11,046,614		11,238,826
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		3,415,297		3,558,739
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 02/25/2033 (A)		8,090,000		8,967,792
US Airways 2010-1 Class A Pass Through Trust 6.250%, 10/22/2024		2,323,347		2,531,519
US Airways 2012-1 Class A Pass Through Trust 5.900%, 04/01/2026		3,881,713		4,297,445
				357,948,612
Information technology – 5.0%
Broadcom Corp. 3.875%, 01/15/2027		32,210,000		32,376,501
Broadcom, Inc. 4.750%, 04/15/2029 (B)		9,195,000		9,718,998
Dell International LLC
4.900%, 10/01/2026 (B)		14,265,000		15,281,668
5.300%, 10/01/2029 (B)		14,612,000		15,899,147
6.020%, 06/15/2026 (B)		9,393,000		10,592,365
8.350%, 07/15/2046 (B)		18,980,000		25,021,732
Fiserv, Inc.
2.750%, 07/01/2024		9,153,000		9,309,536
3.200%, 07/01/2026		13,445,000		13,928,941
Hewlett Packard Enterprise Company 4.900%, 10/15/2025		10,926,000		12,122,696
IBM Corp. 2.850%, 05/13/2022		29,330,000		29,973,794

 

181

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
KLA Corp. 4.100%, 03/15/2029	$	7,998,000	$	8,827,165
Lam Research Corp.
4.000%, 03/15/2029		15,993,000		17,640,927
4.875%, 03/15/2049		8,624,000		10,550,223
Marvell Technology Group, Ltd. 4.875%, 06/22/2028		13,240,000		14,707,636
Microchip Technology, Inc.
3.922%, 06/01/2021		8,550,000		8,732,433
4.333%, 06/01/2023		21,443,000		22,516,475
Micron Technology, Inc.
4.185%, 02/15/2027		22,885,000		23,554,506
4.975%, 02/06/2026		5,300,000		5,708,914
5.327%, 02/06/2029		20,174,000		22,175,719
Microsoft Corp. 4.450%, 11/03/2045		7,583,000		9,576,273
Motorola Solutions, Inc. 4.600%, 02/23/2028		16,576,000		17,900,549
NXP BV
3.875%, 06/18/2026 (B)		7,722,000		8,120,193
4.875%, 03/01/2024 (B)		8,705,000		9,440,091
PayPal Holdings, Inc.
2.400%, 10/01/2024		12,356,000		12,397,042
2.850%, 10/01/2029		14,655,000		14,702,135
Seagate HDD Cayman 4.750%, 01/01/2025		11,170,000		11,579,073
Tech Data Corp.
3.700%, 02/15/2022		5,593,000		5,718,588
4.950%, 02/15/2027 (A)		16,359,000		17,561,120
				415,634,440
Materials – 0.6%
Anglo American Capital PLC 4.750%, 04/10/2027 (B)		9,195,000		9,917,686
Braskem Netherlands Finance BV 4.500%, 01/10/2028 (B)		7,360,000		7,369,200
Newmont Goldcorp Corp. 2.800%, 10/01/2029		5,113,000		5,046,368
Orbia Advance Corp. SAB de CV 5.500%, 01/15/2048 (B)		8,820,000		8,886,238
Syngenta Finance NV
4.441%, 04/24/2023 (B)		10,880,000		11,370,652
5.676%, 04/24/2048 (B)		5,180,000		5,354,892
				47,945,036
Real estate – 1.1%
American Homes 4 Rent LP 4.250%, 02/15/2028		10,505,000		11,334,212
American Tower Corp.
2.950%, 01/15/2025		7,845,000		8,015,084
3.550%, 07/15/2027		16,680,000		17,585,286
3.800%, 08/15/2029		6,600,000		7,045,938
GLP Capital LP
3.350%, 09/01/2024 (A)		4,360,000		4,384,852
5.375%, 04/15/2026		9,005,000		9,916,756
SBA Tower Trust
2.836%, 01/15/2025 (B)		10,899,000		10,913,504
3.722%, 04/09/2048 (B)		14,665,000		15,282,682
Ventas Realty LP 3.500%, 02/01/2025		8,315,000		8,707,825
				93,186,139
Utilities – 1.2%
ABY Transmision Sur SA 6.875%, 04/30/2043 (B)		5,043,000		6,247,067
CenterPoint Energy, Inc. 2.500%, 09/01/2024		5,335,000		5,328,152

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Electricite de France SA (5.250% to 1-29-23, then 10 Year U.S. Swap Rate + 3.709%) 01/29/2023 (B)(C)	$	14,105,000	$	14,439,994
Emera US Finance LP 3.550%, 06/15/2026		6,192,000		6,485,689
NextEra Energy Capital Holdings, Inc. 3.550%, 05/01/2027		16,740,000		17,746,234
NRG Energy, Inc. 3.750%, 06/15/2024 (B)		6,545,000		6,735,569
Oncor Electric Delivery Company LLC 2.750%, 06/01/2024 (B)		15,375,000		15,788,516
Vistra Operations Company LLC
3.550%, 07/15/2024 (B)		14,050,000		14,144,743
4.300%, 07/15/2029 (B)		12,250,000		12,571,554
				99,487,518
TOTAL CORPORATE BONDS (Cost $2,750,716,181)			$	2,867,798,195
CAPITAL PREFERRED SECURITIES – 0.0%
Financials – 0.0%
State Street Corp. (3 month LIBOR + 1.000%) 3.119%, 06/01/2077 (D)		3,176,000		2,437,294
TOTAL CAPITAL PREFERRED SECURITIES (Cost $2,692,626)			$	2,437,294
COLLATERALIZED MORTGAGE OBLIGATIONS – 7.5%
Commercial and residential – 3.9%
Arroyo Mortgage Trust Series 2019-3, Class A1 2.962%, 10/25/2048 (B)(E)		7,852,922		7,911,005
BAMLL Commercial Mortgage Securities Trust Series 2015-200P, Class C 3.716%, 04/14/2033 (B)(E)		4,885,000		5,144,384
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 month LIBOR + 0.971%) 2.999%, 03/15/2037 (B)(D)		7,351,000		7,334,899
BENCHMARK Mortgage Trust
Series 2018-B1, Class A2, 3.571%, 01/15/2051		11,915,000		12,371,470
Series 2018-B7, Class A2, 4.377%, 05/15/2053		11,785,000		12,697,582
Series 2019-B12, Class A2, 3.001%, 08/15/2052		11,185,000		11,602,964
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 2.666%, 07/25/2059 (B)(E)		6,280,638		6,289,252
Bunker Hill Loan Depositary Trust Series 2019-2, Class A1 2.879%, 07/25/2049 (B)		18,738,373		18,857,780
BX Commercial Mortgage Trust Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) 3.349%, 03/15/2037 (B)(D)		2,722,000		2,728,797
Cantor Commercial Real Estate Lending Series 2019-CF1, Class A2 3.623%, 05/15/2052		12,780,000		13,568,304
Citigroup Commercial Mortgage Trust
Series 2015-GC29, Class A3, 2.935%, 04/10/2048		7,495,000		7,766,643
Series 2015-GC33, Class A4, 3.778%, 09/10/2058		10,860,000		11,740,170
Series 2019-PRM, Class A, 3.341%, 05/10/2036 (B)		10,020,000		10,454,732

 

182

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Citigroup Commercial Mortgage Trust (continued)
Series 2019-SMRT, Class A, 4.149%, 01/10/2024 (B)	$	9,645,000	$	10,367,836
CLNS Trust Series 2017-IKPR, Class C (1 month LIBOR + 1.100%) 3.150%, 06/11/2032 (B)(D)		5,505,000		5,496,360
COLT Mortgage Loan Trust Series 2018-2, Class A1 3.470%, 07/27/2048 (B)(E)		1,479,154		1,484,198
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR20, Class A3, 3.326%, 11/10/2047		18,450,000		19,405,258
Series 2016-CR28, Class A3, 3.495%, 02/10/2049		4,415,000		4,710,052
CSMC Trust Series 2019-AFC1, Class A1 2.573%, 07/25/2049 (B)		12,918,803		12,863,627
Galton Funding Mortgage Trust Series 2018-1, Class A43 3.500%, 11/25/2057 (B)(E)		4,135,339		4,186,653
GS Mortgage Securities Trust
Series 2013-GC12, Class A3, 2.860%, 06/10/2046		10,410,000		10,629,182
Series 2015-GC34, Class A3, 3.244%, 10/10/2048		13,195,000		13,903,566
Series 2019-GC40, Class A2, 2.971%, 07/10/2052		10,505,000		10,886,244
Series 2015-GC30, Class A3, 3.119%, 05/10/2050		4,865,000		5,083,247
Irvine Core Office Trust Series 2013-IRV, Class A2 3.279%, 05/15/2048 (B)(E)		7,750,000		8,045,425
JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class A3 3.801%, 08/15/2048		11,285,000		12,219,880
JPMCC Commercial Mortgage Securities Trust Series 2019-COR5, Class A2 3.150%, 06/13/2052		21,510,000		22,359,729
KNDL Mortgage Trust Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) 3.078%, 05/15/2036 (B)(D)		8,830,000		8,831,343
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C25, Class A5 3.635%, 10/15/2048		5,275,000		5,661,859
Morgan Stanley Capital I Trust Series 2017-CLS, Class D (1 month LIBOR + 1.400%) 3.428%, 11/15/2034 (B)(D)		5,105,000		5,105,005
Motel 6 Trust Series 2017-MTL6, Class C (1 month LIBOR + 1.400%) 3.428%, 08/15/2034 (B)(D)		4,105,675		4,105,648
Wells Fargo Commercial Mortgage Trust
Series 2014-LC18, Class A2, 2.954%, 12/15/2047		3,098,863		3,096,906

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Wells Fargo Commercial Mortgage Trust (continued)
Series 2016-C33, Class A3, 3.162%, 03/15/2059	$	10,130,000	$	10,610,399
Series 2019-C51, Class A2, 3.039%, 06/15/2052		15,310,000		15,938,264
				323,458,663
U.S. Government Agency – 3.6%
Federal Home Loan Mortgage Corp.
Series K017, Class X1 IO, 1.445%, 12/25/2021		130,857,281		3,032,225
Series K018, Class X1 IO, 1.453%, 01/25/2022		103,513,179		2,422,229
Series K021, Class X1 IO, 1.563%, 06/25/2022		30,769,819		1,025,755
Series K022, Class X1 IO, 1.344%, 07/25/2022		315,320,787		9,018,616
Series K026, Class X1 IO, 1.107%, 11/25/2022		158,547,127		4,087,044
Series K038, Class A2, 3.389%, 03/25/2024		4,480,000		4,729,695
Series K038, Class X1 IO, 1.306%, 03/25/2024		235,717,209		10,181,192
Series K040, Class A2, 3.241%, 09/25/2024		20,939,000		22,110,014
Series K041, Class A2, 3.171%, 10/25/2024		7,360,000		7,751,403
Series K042, Class A2, 2.670%, 12/25/2024		8,025,000		8,276,844
Series K043, Class A2, 3.062%, 12/25/2024		14,729,000		15,451,804
Series K048, Class A2, 3.284%, 06/25/2025 (E)		9,800,000		10,438,080
Series K048, Class X1 IO, 0.372%, 06/25/2025		163,391,479		2,099,695
Series K049, Class A2, 3.010%, 07/25/2025		14,380,000		15,121,738
Series K050, Class A2, 3.334%, 08/25/2025 (E)		12,029,000		12,856,874
Series K052, Class A2, 3.151%, 11/25/2025		5,015,000		5,324,666
Series K064, Class A1, 2.891%, 10/25/2026		7,882,565		8,243,842
Series K727, Class A2, 2.946%, 07/25/2024		28,282,000		29,287,527
Series K728, Class A2, 3.064%, 08/25/2024 (E)		17,925,000		18,710,904
Series K729, Class A2, 3.136%, 10/25/2024		14,605,000		15,368,120
Series KIR3, Class A1, 3.038%, 08/25/2027		17,980,000		18,956,314
Government National Mortgage Association
Series 2012-114, Class IO, 0.767%, 01/16/2053		38,428,558		1,751,885
Series 2016-174, Class IO, 0.913%, 11/16/2056		65,385,692		4,893,949
Series 2017-109, Class IO, 0.610%, 04/16/2057		83,273,304		4,304,289
Series 2017-124, Class IO, 0.706%, 01/16/2059		106,720,044		6,661,497
Series 2017-135, Class IO, 0.838%, 10/16/2058		70,046,646		4,607,780

 

183

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2017-140, Class IO, 0.609%, 02/16/2059	$	61,820,441	$	3,536,482
Series 2017-159, Class IO, 0.544%, 06/16/2059		80,995,195		4,217,015
Series 2017-20, Class IO, 0.747%, 12/16/2058		134,541,833		7,912,849
Series 2017-22, Class IO, 1.022%, 12/16/2057		46,791,939		3,868,837
Series 2017-41, Class IO, 0.792%, 07/16/2058		93,074,088		5,993,283
Series 2017-46, Class IO, 0.620%, 11/16/2057		101,295,851		5,690,760
Series 2017-61, Class IO, 0.766%, 05/16/2059		61,318,424		4,179,139
Series 2018-158, Class IO, 0.727%, 05/16/2061		84,093,241		6,300,930
Series 2018-69, Class IO, 0.536%, 04/16/2060		70,272,899		4,178,595
				292,591,871
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $621,090,025)			$	616,050,534
ASSET BACKED SECURITIES – 13.6%
AccessLex Institute
Series 2005-1, Class A4 (3 month LIBOR + 0.210%) 2.369%, 06/22/2037 (D)		5,860,238		5,623,000
Series 2006-1, Class A3 (3 month LIBOR + 0.200%) 2.332%, 08/25/2037 (D)		19,754,814		19,175,376
Series 2007-A, Class A3 (3 month LIBOR + 0.300%) 2.432%, 05/25/2036 (D)		8,068,511		7,936,293
Ally Auto Receivables Trust Series 2018-2, Class A4 3.090%, 06/15/2023		16,630,000		16,968,510
Ally Master Owner Trust Series 2018-1, Class A2 2.700%, 01/17/2023		30,910,000		31,176,753
American Express Credit Account Master Trust Series 2018-8, Class A 3.180%, 04/15/2024		45,843,000		47,004,318
Americredit Automobile Receivables Trust
Series 2018-2, Class C 3.590%, 06/18/2024		6,580,000		6,784,480
Series 2018-3, Class C 3.740%, 10/18/2024		5,184,000		5,416,599
Applebee's Funding LLC Series 2019-1A, Class A2I 4.194%, 06/07/2049 (B)		12,908,000		13,203,077
ARI Fleet Lease Trust Series 2018-B, Class A2 3.220%, 08/16/2027 (B)		16,251,387		16,393,078
Avis Budget Rental Car Funding AESOP LLC
Series 2019-1A, Class A 3.450%, 03/20/2023 (B)		6,651,000		6,831,402
Series 2019-3A, Class A 2.360%, 03/20/2026 (B)		10,207,000		10,165,238

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
CarMax Auto Owner Trust Series 2018-4, Class A3 3.360%, 09/15/2023	$	26,155,000	$	26,761,210
CenterPoint Energy Restoration Bond Company LLC Series 2009-1, Class A3 4.243%, 08/15/2023		7,016,410		7,248,051
CLI Funding LLC Series 2018-1A, Class A 4.030%, 04/18/2043 (B)		11,874,320		11,987,658
CNH Equipment Trust
Series 2017-C, Class A3 2.080%, 02/15/2023		7,815,000		7,817,674
Series 2018-B, Class A3 3.190%, 11/15/2023		14,571,000		14,841,111
Coinstar Funding LLC Series 2017-1A, Class A2 5.216%, 04/25/2047 (B)		12,116,113		12,477,949
Collegiate Funding Services Education Loan Trust Series 2005-A, Class A4 (3 month LIBOR + 0.200%) 2.304%, 03/28/2035 (D)		7,773,000		7,462,078
Dell Equipment Finance Trust Series 2018-1, Class A3 3.180%, 06/22/2023 (B)		26,951,000		27,220,181
DLL LLC
Series 2018-ST2, Class A3 3.460%, 01/20/2022 (B)		9,110,000		9,218,598
Series 2018-ST2, Class A4 3.590%, 06/20/2024 (B)		18,019,000		18,447,823
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (B)		16,116,100		16,860,664
DRB Prime Student Loan Trust
Series 2015-D, Class A2 3.200%, 01/25/2040 (B)		6,453,146		6,567,428
Series 2016-B, Class A2 2.890%, 06/25/2040 (B)		7,692,514		7,755,053
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (B)		6,520,938		6,698,829
Elara HGV Timeshare Issuer LLC Series 2019-A, Class A 2.610%, 01/25/2034 (B)		11,774,884		11,757,834
Enterprise Fleet Financing LLC Series 2018-3, Class A2 3.380%, 05/20/2024 (B)		11,554,692		11,700,957
Evergreen Credit Card Trust Series 2018-1, Class A 2.950%, 03/15/2023 (B)		17,200,000		17,443,468
Five Guys Funding LLC Series 2017-1A, Class A2 4.600%, 07/25/2047 (B)		9,954,775		10,459,792
Ford Credit Auto Owner Trust
Series 2015-1, Class A 2.120%, 07/15/2026 (B)		27,458,000		27,446,984
Series 2017-C, Class A4 2.160%, 03/15/2023		10,670,000		10,708,613
Series 2018-1, Class A 3.190%, 07/15/2031 (B)		25,519,000		26,579,705
Series 2018-2, Class A 3.470%, 01/15/2030 (B)		12,177,000		12,746,091
Ford Credit Floorplan Master Owner Trust
Series 2017-2, Class A1 2.160%, 09/15/2022		17,000,000		17,005,081

 

184

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Ford Credit Floorplan Master Owner Trust (continued)
Series 2018-3, Class A1 3.520%, 10/15/2023	$	22,650,000	$	23,306,109
Series 2019-2, Class A 3.060%, 04/15/2026		16,032,000		16,626,930
GM Financial Consumer Automobile Receivables Trust Series 2017-3A, Class A4 2.130%, 03/16/2023 (B)		15,965,000		16,001,689
GMF Floorplan Owner Revolving Trust Series 2019-2, Class A 2.900%, 04/15/2026 (B)		15,385,000		15,836,253
Goal Capital Funding Trust Series 2005-2, Class A4 (3 month LIBOR + 0.200%) 2.332%, 08/25/2044 (D)		33,288,367		32,534,609
Golden Credit Card Trust
Series 2018-1A, Class A 2.620%, 01/15/2023 (B)		48,545,000		48,885,451
Series 2018-4A, Class A 3.440%, 10/15/2025 (B)		25,220,000		26,455,316
Great American Auto Leasing, Inc. Series 2019-1, Class A4 3.210%, 02/18/2025 (B)		8,484,000		8,720,278
Hilton Grand Vacations Trust Series 2018-AA, Class A 3.540%, 02/25/2032 (B)		3,899,941		4,023,631
Home Partners of America Trust Series 2019-1, Class A 2.908%, 09/17/2039 (B)		16,597,313		16,867,019
Honda Auto Receivables Owner Trust Series 2018-2, Class A4 3.160%, 08/19/2024		12,635,000		12,937,646
Jack In The Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (B)		5,455,000		5,654,435
Series 2019-1A, Class A2I 3.982%, 08/25/2049 (B)		6,295,000		6,401,386
KeyCorp Student Loan Trust Series 2004-A, Class 1A2 (3 month LIBOR + 0.240%) 2.496%, 10/27/2042 (D)		7,130,606		6,865,476
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX 2.730%, 10/25/2048 (B)		6,725,000		6,796,713
MMAF Equipment Finance LLC
Series 2017-B, Class A3 2.210%, 10/17/2022 (B)		12,553,367		12,557,726
Series 2019-A, Class A3 2.840%, 11/13/2023 (B)		7,786,000		7,914,580
MVW Owner Trust
Series 2014-1A, Class A 2.250%, 09/22/2031 (B)		1,516,134		1,513,548
Series 2018-1A, Class A 3.450%, 01/21/2036 (B)		11,257,074		11,604,330
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (B)		13,676,777		14,175,326
Navient Private Education Refi Loan Trust Series 2019-EA, Class A2A 2.640%, 05/15/2068 (B)		8,410,000		8,520,945
Nelnet Student Loan Trust
Series 2004-4, Class A5 (3 month LIBOR + 0.160%) 2.436%, 01/25/2037 (D)		7,731,999		7,595,053

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Nelnet Student Loan Trust (continued)
Series 2006-1, Class A6 (3 month LIBOR + 0.450%) 2.598%, 08/23/2036 (B)(D)	$	17,362,000	$	16,840,343
NextGear Floorplan Master Owner Trust
Series 2018-1A, Class A2 3.220%, 02/15/2023 (B)		3,720,000		3,769,319
Series 2018-2A, Class A2 3.690%, 10/15/2023 (B)		8,635,000		8,890,148
Nissan Auto Receivables Owner Trust Series 2018-C, Class A3 3.220%, 06/15/2023		19,450,000		19,888,794
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (B)		3,764,634		3,782,960
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (B)		5,463,228		5,501,500
PFS Financing Corp. Series 2018-F, Class A 3.520%, 10/15/2023 (B)		10,260,000		10,527,452
Santander Drive Auto Receivables Trust
Series 2018-2, Class C 3.350%, 07/17/2023		6,690,000		6,759,535
Series 2018-3, Class C 3.510%, 08/15/2023		15,610,000		15,873,010
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (B)		9,110,000		9,310,903
Sierra Timeshare Receivables Funding LLC
Series 2018-2A, Class A 3.500%, 06/20/2035 (B)		4,389,268		4,482,906
Series 2018-3A, Class A 3.690%, 09/20/2035 (B)		5,021,357		5,182,648
SMB Private Education Loan Trust
Series 2015-C, Class A2A 2.750%, 07/15/2027 (B)		4,464,360		4,490,520
Series 2016-A, Class A2A 2.700%, 05/15/2031 (B)		16,090,801		16,227,827
Series 2019-B, Class A2A 2.840%, 06/15/2037 (B)		14,040,000		14,260,969
SunTrust Student Loan Trust Series 2006-1A, Class A4 (3 month LIBOR + 0.190%) 2.446%, 10/28/2037 (B)(D)		26,799,915		26,227,702
Taco Bell Funding LLC Series 2018-1A, Class A2I 4.318%, 11/25/2048 (B)		15,374,818		15,924,621
Towd Point Mortgage Trust
Series 2016-5, Class A1 2.500%, 10/25/2056 (B)(E)		11,071,165		11,059,685
Series 2017-1, Class A1 2.750%, 10/25/2056 (B)(E)		3,856,871		3,892,006
Series 2017-2, Class A1 2.750%, 04/25/2057 (B)(E)		2,990,538		3,013,217
Toyota Auto Loan Extended Note Trust Series 2019-1A, Class A 2.560%, 11/25/2031 (B)		29,786,000		30,445,423
Triton Container Finance V LLC Series 2018-1A, Class A 3.950%, 03/20/2043 (B)		12,682,000		12,967,165
Volkswagen Auto Loan Enhanced Trust Series 2018-1, Class A4 3.150%, 07/22/2024		8,350,000		8,542,503
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (B)		7,057,039		7,048,501

 

185

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Select 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%) 2.516%, 04/25/2040 (B)(D)	$	1,986,348	$	1,863,348
Westgate Resorts LLC Series 2016-1A, Class A 3.500%, 12/20/2028 (B)		2,260,905		2,269,317
Westlake Automobile Receivables Trust Series 2019-1A, Class C 3.450%, 03/15/2024 (B)		6,231,000		6,322,885
World Omni Auto Receivables Trust Series 2018-D, Class A3 3.330%, 04/15/2024		26,320,000		26,961,129
TOTAL ASSET BACKED SECURITIES (Cost $1,110,936,200)			$	1,128,011,741
PREFERRED SECURITIES – 0.0%
Utilities – 0.0%
Dominion Energy, Inc., 7.250%		12,915		1,365,761
The Southern Company, 6.750%		19,330		1,034,348
				2,400,109
TOTAL PREFERRED SECURITIES (Cost $2,258,000)			$	2,400,109
SECURITIES LENDING COLLATERAL – 0.3%
John Hancock Collateral Trust, 2.1169% (F)(G)		2,735,471		27,373,041
TOTAL SECURITIES LENDING COLLATERAL (Cost $27,374,125)			$	27,373,041
SHORT-TERM INVESTMENTS – 1.6%
U.S. Government Agency – 1.4%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	17,878,000		17,878,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		99,005,000		99,005,000
				116,883,000
Repurchase agreement – 0.2%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $13,161,292 on 10-1-19, collateralized by $13,125,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $13,428,581, including interest)		13,161,000		13,161,000
TOTAL SHORT-TERM INVESTMENTS (Cost $130,044,000)			$	130,044,000
Total Investments (Select Bond Trust) (Cost $8,058,126,636) – 100.5%			$	8,327,030,626
Other assets and liabilities, net – (0.5%)				(44,223,857)
TOTAL NET ASSETS – 100.0%			$	8,282,806,769

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)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $26,770,560.
(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 $1,534,760,711 or 18.5% of the fund's net assets as of 9-30-19.

Select Bond Trust (continued)

(C)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(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 9-30-19.
(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.

Short Term Government Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 95.7%
U.S. Government – 38.7%
U.S. Treasury Inflation Protected Securities 0.625%, 04/15/2023	$	1,807,523	$	1,822,802
U.S. Treasury Notes
1.125%, 06/30/2021		3,033,000		3,002,907
1.250%, 03/31/2021		4,305,000		4,274,058
1.625%, 06/30/2021		7,500,000		7,491,211
1.750%, 11/30/2021		3,275,000		3,282,292
1.875%, 04/30/2022 to 07/31/2022		14,215,000		14,320,586
2.000%, 05/31/2024		4,500,000		4,590,527
2.125%, 03/31/2024		2,700,000		2,765,602
2.625%, 06/30/2023		5,485,000		5,694,544
2.750%, 08/15/2021 to 07/31/2023		6,305,000		6,505,255
2.875%, 11/15/2021 to 11/30/2023		16,245,000		17,018,203
				70,767,987
U.S. Government Agency – 57.0%
Federal Agricultural Mortgage Corp.
1.640%, 04/17/2020		3,885,000		3,877,607
1.675%, 02/24/2020		1,875,000		1,872,663
1.750%, 06/15/2020		2,055,000		2,051,919
2.000%, 01/15/2021		4,965,000		4,975,031
Federal Farm Credit Bank
1.440%, 08/16/2021		4,620,000		4,588,320
1.680%, 04/05/2021		2,345,000		2,334,077
2.990%, 04/16/2026		4,500,000		4,519,683
Federal Home Loan Bank
1.700%, 04/26/2021		2,940,000		2,928,739
1.875%, 11/29/2021		1,960,000		1,967,896
2.260%, 10/04/2022		4,300,000		4,300,016
2.875%, 09/13/2024		5,500,000		5,816,998
Federal Home Loan Mortgage Corp.
2.000%, 11/20/2020		4,940,000		4,928,491
2.375%, 02/16/2021		5,000,000		5,040,289
2.587%, (12 month LIBOR + 1.618%), 05/01/2045 (A)		1,633,405		1,669,035
3.000%, 07/01/2030 to 12/01/2032		5,551,342		5,699,400
3.500%, 04/01/2032		2,181,185		2,278,946
5.500%, 07/01/2040		357,763		402,105
7.000%, 04/01/2031 to 04/01/2032		578		665
Federal National Mortgage Association
1.500%, 11/30/2020		4,415,000		4,399,288
1.950%, 11/09/2020		3,150,000		3,150,035
2.125%, 04/24/2026		1,000,000		1,028,694
2.500%, 10/01/2027		1,221,599		1,235,457
2.625%, 01/11/2022		5,000,000		5,106,147
2.875%, 09/12/2023		7,005,000		7,343,009

 

186

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
3.000%, 03/01/2028 to 02/01/2033	$	13,487,820	$	13,863,547
3.500%, 05/01/2033 to 06/01/2034		2,148,521		2,239,695
5.500%, 08/01/2040		138,411		152,892
6.500%, 01/01/2039		485,671		564,384
7.000%, 08/01/2025 to 01/01/2029		1,436		1,613
7.500%, 01/01/2031		583		681
8.000%, 10/01/2024 to 09/01/2030		1,169		1,351
Government National Mortgage Association 7.500%, 01/15/2027 to 03/15/2027		266		296
Tennessee Valley Authority 3.875%, 02/15/2021		5,815,000		5,978,539
				104,317,508
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $173,948,444)			$	175,085,495
COLLATERALIZED MORTGAGE OBLIGATIONS – 3.2%
U.S. Government Agency – 3.2%
Federal Home Loan Mortgage Corp.
Series 4482, Class MA, 2.000%, 04/15/2031		432,153		432,154
Series K017, Class X1 IO, 1.445%, 12/25/2021		22,414,009		519,377
Series K018, Class X1 IO, 1.455%, 01/25/2022		4,252,447		99,508
Series K022, Class X1 IO, 1.346%, 07/25/2022		11,177,590		319,695
Series K026, Class X1 IO, 1.108%, 11/25/2022		5,340,445		137,667
Series K030, Class X1 IO, 0.301%, 04/25/2023		137,752,873		860,294
Series K038, Class X1 IO, 1.307%, 03/25/2024		8,204,744		354,383
Series K718, Class X1 IO, 0.729%, 01/25/2022		19,241,562		230,787
Federal National Mortgage Association
Series 2013-100, Class CA, 4.000%, 03/25/2039		266,869		273,245
Series 2014-28, Class BD, 3.500%, 08/25/2043		493,229		517,073
Government National Mortgage Association
Series 2012-114, Class IO, 0.768%, 01/16/2053		2,616,941		119,301

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2017-109, Class IO, 0.610%, 04/16/2057	$	2,738,490	$	141,549
Series 2017-124, Class IO, 0.706%, 01/16/2059		3,516,453		219,498
Series 2017-140, Class IO, 0.609%, 02/16/2059		2,057,969		117,728
Series 2017-20, Class IO, 0.747%, 12/16/2058		4,765,638		280,283
Series 2017-41, Class IO, 0.792%, 07/16/2058		3,230,477		208,019
Series 2017-46, Class IO, 0.620%, 11/16/2057		3,516,621		197,562
Series 2017-61, Class IO, 0.766%, 05/16/2059		2,112,924		144,006
Series 2017-74, Class IO, 0.776%, 09/16/2058		3,688,330		209,453
Series 2017-89, Class IO, 0.766%, 07/16/2059		3,729,793		253,165
Series 2018-9, Class IO, 0.558%, 01/16/2060		2,545,361		140,096
				5,774,843
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $4,479,825)			$	5,774,843
SHORT-TERM INVESTMENTS – 0.4%
U.S. Government Agency – 0.4%
Federal Home Loan Bank Discount Note 1.581%, 10/01/2019 *		712,000		712,000
TOTAL SHORT-TERM INVESTMENTS (Cost $712,000)			$	712,000
Total Investments (Short Term Government Income Trust) (Cost $179,140,269) – 99.3%			$	181,572,338
Other assets and liabilities, net – 0.7%				1,352,046
TOTAL NET ASSETS – 100.0%			$	182,924,384

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.
LIBOR	London Interbank Offered Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
2-Year U.S. Treasury Note Futures	40	Long	Dec 2019	$8,640,391	$8,620,000	$(20,391)
						$(20,391)

^ 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.

187

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.4%
Communication services – 2.4%
Diversified telecommunication services – 0.6%
Anterix, Inc. (A)	2,924	$	105,849
ATN International, Inc.	3,135		182,990
Bandwidth, Inc., Class A (A)	4,584		298,464
Cincinnati Bell, Inc. (A)	15,451		78,337
Cogent Communications Holdings, Inc.	11,762		648,086
Consolidated Communications Holdings, Inc.	21,504		102,359
Frontier Communications Corp. (A)(B)	30,216		26,197
IDT Corp., Class B (A)	5,297		55,777
Intelsat SA (A)	19,235		438,558
Iridium Communications, Inc. (A)	28,203		600,160
Ooma, Inc. (A)	6,271		65,218
ORBCOMM, Inc. (A)	22,451		106,867
Pareteum Corp. (A)(B)	31,363		40,458
Vonage Holdings Corp. (A)	64,177		725,200
			3,474,520
Entertainment – 0.3%
AMC Entertainment Holdings, Inc., Class A (B)	15,039		160,917
Eros International PLC (A)	19,266		36,798
Glu Mobile, Inc. (A)	33,033		164,835
IMAX Corp. (A)	14,903		327,121
Liberty Media Corp.-Liberty Braves, Class A (A)	3,389		94,316
Liberty Media Corp.-Liberty Braves, Class C (A)	9,941		275,863
Reading International, Inc., Class A (A)	5,151		61,606
Rosetta Stone, Inc. (A)	5,951		103,547
The Marcus Corp.	6,471		239,492
			1,464,495
Interactive media and services – 0.4%
Care.com, Inc. (A)	6,465		67,559
CarGurus, Inc. (A)(B)	21,218		656,697
Cars.com, Inc. (A)	18,994		170,566
DHI Group, Inc. (A)	15,892		61,184
Eventbrite, Inc., Class A (A)(B)	10,573		187,248
EverQuote, Inc., Class A (A)	2,575		54,951
Liberty TripAdvisor Holdings, Inc., Class A (A)	20,980		197,422
QuinStreet, Inc. (A)	13,074		164,602
The Meet Group, Inc. (A)	21,732		71,172
TrueCar, Inc. (A)	30,177		102,602
Yelp, Inc. (A)	19,821		688,780
			2,422,783
Media – 1.0%
Boston Omaha Corp., Class A (A)	3,119		61,850
Cardlytics, Inc. (A)(B)	4,051		135,790
Central European Media Enterprises, Ltd., Class A (A)	26,991		121,325
Clear Channel Outdoor Holdings, Inc. (A)	12,932		32,589
comScore, Inc. (A)	14,981		28,614
Cumulus Media, Inc., Class A (A)(B)	4,333		63,002
Daily Journal Corp. (A)(B)	341		84,418
Emerald Expositions Events, Inc.	7,694		74,863
Entercom Communications Corp., Class A	35,886		119,859
Entravision Communications Corp., Class A	18,741		59,596
Fluent, Inc. (A)	12,982		35,506
Gannett Company, Inc.	30,438		326,904
Gray Television, Inc. (A)	25,980		423,994
Hemisphere Media Group, Inc. (A)	5,665		69,226

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Liberty Latin America, Ltd., Class A (A)	14,532	$	248,061
Liberty Latin America, Ltd., Class C (A)	30,915		528,492
Loral Space & Communications, Inc. (A)	3,784		156,658
Marchex, Inc., Class B (A)	11,950		37,523
MDC Partners, Inc., Class A (A)	19,047		53,713
Media General, Inc. (A)(C)	29,399		2,822
Meredith Corp.	11,301		414,295
MSG Networks, Inc., Class A (A)(B)	16,692		270,744
National CineMedia, Inc.	18,930		155,226
New Media Investment Group, Inc. (B)	17,930		157,963
Scholastic Corp.	8,335		314,730
TechTarget, Inc. (A)	6,770		152,494
TEGNA, Inc.	61,524		955,468
The EW Scripps Company, Class A	15,929		211,537
Tribune Publishing Company	5,949		51,042
WideOpenWest, Inc. (A)	7,397		45,566
			5,393,870
Wireless telecommunication services – 0.1%
Boingo Wireless, Inc. (A)	12,603		139,893
Gogo, Inc. (A)(B)	16,920		102,028
Shenandoah Telecommunications Company	13,659		433,946
Spok Holdings, Inc.	6,140		73,312
			749,179
			13,504,847
Consumer discretionary – 10.8%
Auto components – 1.0%
Adient PLC	24,885		571,360
American Axle & Manufacturing Holdings, Inc. (A)	31,816		261,528
Cooper Tire & Rubber Company	14,014		366,046
Cooper-Standard Holdings, Inc. (A)	4,787		195,693
Dana, Inc.	40,528		585,224
Dorman Products, Inc. (A)	7,591		603,788
Fox Factory Holding Corp. (A)	10,724		667,462
Gentherm, Inc. (A)	9,343		383,857
LCI Industries	6,870		631,010
Modine Manufacturing Company (A)	14,264		162,182
Motorcar Parts of America, Inc. (A)	5,690		96,161
Standard Motor Products, Inc.	5,870		284,989
Stoneridge, Inc. (A)	7,594		235,186
Tenneco, Inc., Class A	14,398		180,263
Visteon Corp. (A)	7,909		652,809
			5,877,558
Automobiles – 0.1%
Winnebago Industries, Inc.	8,737		335,064
Distributors – 0.1%
Core-Mark Holding Company, Inc.	12,947		415,793
Funko, Inc., Class A (A)	4,940		101,641
Weyco Group, Inc.	1,943		43,931
			561,365
Diversified consumer services – 1.0%
Adtalem Global Education, Inc. (A)	15,921		606,431
American Public Education, Inc. (A)	4,784		106,875
Career Education Corp. (A)	19,673		312,604
Carriage Services, Inc.	4,959		101,362
Chegg, Inc. (A)	33,002		988,410
Collectors Universe, Inc.	2,747		78,235
Houghton Mifflin Harcourt Company (A)	30,602		163,109
K12, Inc. (A)	10,884		287,338
Laureate Education, Inc., Class A  (A)	27,601		457,487
OneSpaWorld Holdings, Ltd. (A)(B)	13,107		203,552
Regis Corp. (A)	8,204		165,885

 

188

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Select Interior Concepts, Inc., Class A (A)	6,797	$	88,157
Sotheby's (A)	9,027		514,358
Strategic Education, Inc.	6,058		823,161
WW International, Inc. (A)	13,275		502,061
			5,399,025
Hotels, restaurants and leisure – 2.7%
BBX Capital Corp.	19,564		91,364
BJ's Restaurants, Inc.	5,977		232,147
Bloomin' Brands, Inc.	24,876		470,903
Boyd Gaming Corp.	22,894		548,311
Brinker International, Inc.	10,587		451,747
Carrols Restaurant Group, Inc. (A)	10,665		88,413
Century Casinos, Inc. (A)	9,470		73,203
Churchill Downs, Inc.	9,958		1,229,365
Chuy's Holdings, Inc. (A)	5,035		124,667
Cracker Barrel Old Country Store, Inc.	5,421		881,726
Dave & Buster's Entertainment, Inc.	10,323		402,081
Del Taco Restaurants, Inc. (A)	8,836		90,348
Denny's Corp. (A)	16,766		381,678
Dine Brands Global, Inc.	4,641		352,066
Drive Shack, Inc. (A)	19,214		82,812
El Pollo Loco Holdings, Inc. (A)	6,554		71,832
Eldorado Resorts, Inc. (A)(B)	18,748		747,483
Everi Holdings, Inc. (A)	19,431		164,386
Fiesta Restaurant Group, Inc. (A)	6,917		72,075
Golden Entertainment, Inc. (A)	5,578		74,132
International Speedway Corp., Class A	6,666		300,037
J Alexander's Holdings, Inc. (A)	4,569		53,549
Jack in the Box, Inc.	7,277		663,080
Lindblad Expeditions Holdings, Inc. (A)	6,885		115,393
Marriott Vacations Worldwide Corp.	12,130		1,256,789
Monarch Casino & Resort, Inc. (A)	3,395		141,538
Nathan's Famous, Inc.	968		69,551
Noodles & Company (A)(B)	9,082		51,404
Papa John's International, Inc.	6,308		330,224
Penn National Gaming, Inc. (A)	31,429		585,365
PlayAGS, Inc. (A)	7,832		80,513
RCI Hospitality Holdings, Inc.	3,032		62,702
Red Lion Hotels Corp. (A)	8,909		57,730
Red Robin Gourmet Burgers, Inc. (A)	3,861		128,417
Red Rock Resorts, Inc., Class A	20,004		406,181
Ruth's Hospitality Group, Inc.	8,299		169,424
Scientific Games Corp. (A)	16,099		327,615
SeaWorld Entertainment, Inc. (A)	13,464		354,372
Shake Shack, Inc., Class A (A)	8,082		792,359
Target Hospitality Corp. (A)(B)	9,739		66,323
Texas Roadhouse, Inc.	18,777		986,168
The Cheesecake Factory, Inc.	11,875		494,950
The Habit Restaurants, Inc., Class A (A)	6,681		58,392
Twin River Worldwide Holdings, Inc. (B)	5,695		130,017
Wingstop, Inc.	8,343		728,177
			15,041,009
Household durables – 1.9%
Bassett Furniture Industries, Inc.	3,478		53,213
Beazer Homes USA, Inc. (A)	8,459		126,039
Cavco Industries, Inc. (A)	2,474		475,231
Century Communities, Inc. (A)	7,317		224,120
Ethan Allen Interiors, Inc.	7,030		134,273
Flexsteel Industries, Inc.	2,779		41,185
GoPro, Inc., Class A (A)(B)	34,743		180,142
Green Brick Partners, Inc. (A)	7,854		84,038
Hamilton Beach Brands Holding Company, Class B	1,197		19,355
Helen of Troy, Ltd. (A)	7,114		1,121,593

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Hooker Furniture Corp.	3,688	$	79,071
Installed Building Products, Inc. (A)	6,502		372,825
iRobot Corp. (A)	7,799		480,964
KB Home	23,806		809,404
La-Z-Boy, Inc.	12,717		427,164
LGI Homes, Inc. (A)(B)	5,636		469,592
M/I Homes, Inc. (A)	7,321		275,636
MDC Holdings, Inc.	13,812		595,297
Meritage Homes Corp. (A)	10,151		714,123
Skyline Champion Corp. (A)	14,469		435,372
Sonos, Inc. (A)	20,285		272,022
Taylor Morrison Home Corp. (A)	29,805		773,142
The Lovesac Company (A)	2,485		46,395
TopBuild Corp. (A)	9,618		927,464
TRI Pointe Group, Inc. (A)	40,021		601,916
Tupperware Brands Corp.	14,081		223,465
Universal Electronics, Inc. (A)	3,900		198,510
William Lyon Homes, Class A (A)	9,033		183,912
ZAGG, Inc. (A)(B)	8,786		55,088
			10,400,551
Internet and direct marketing retail – 0.3%
1-800-Flowers.com, Inc., Class A (A)	7,054		104,364
Duluth Holdings, Inc., Class B (A)	3,389		28,739
Groupon, Inc. (A)	129,363		344,106
Liquidity Services, Inc. (A)	9,103		67,362
Overstock.com, Inc. (A)	8,169		86,510
PetMed Express, Inc. (B)	5,938		107,003
Quotient Technology, Inc. (A)	22,070		172,587
Shutterstock, Inc. (A)	5,512		199,093
Stamps.com, Inc. (A)	4,779		355,797
Stitch Fix, Inc., Class A (A)(B)	11,983		230,673
The RealReal, Inc. (A)(B)	4,862		108,714
The Rubicon Project, Inc. (A)	14,491		126,217
Waitr Holdings, Inc. (A)(B)	19,262		24,752
			1,955,917
Leisure products – 0.3%
Acushnet Holdings Corp.	10,053		265,399
American Outdoor Brands Corp. (A)	15,863		92,799
Callaway Golf Company	26,591		516,131
Clarus Corp.	7,458		87,445
Johnson Outdoors, Inc., Class A	1,481		86,727
Malibu Boats, Inc., Class A (A)	6,028		184,939
MasterCraft Boat Holdings, Inc. (A)	5,626		83,968
Sturm Ruger & Company, Inc.	4,737		197,817
Vista Outdoor, Inc. (A)	17,264		106,864
YETI Holdings, Inc. (A)(B)	8,842		247,576
			1,869,665
Multiline retail – 0.1%
Big Lots, Inc.	11,081		271,485
Dillard's, Inc., Class A (B)	2,950		195,025
J.C. Penney Company, Inc. (A)(B)	96,271		85,575
			552,085
Specialty retail – 2.4%
Aaron's, Inc.	19,054		1,224,410
Abercrombie & Fitch Company, Class A	18,717		291,985
American Eagle Outfitters, Inc.	45,638		740,248
America's Car-Mart, Inc. (A)	1,789		164,051
Asbury Automotive Group, Inc. (A)	5,431		555,754
At Home Group, Inc. (A)(B)	13,837		133,112
Bed Bath & Beyond, Inc. (B)	34,679		368,985
Boot Barn Holdings, Inc. (A)	7,998		279,130
Caleres, Inc.	11,708		274,084
Camping World Holdings, Inc., Class A (B)	9,792		87,149

 

189

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Chico's FAS, Inc.	33,789	$	136,170
Citi Trends, Inc.	3,727		68,204
Conn's, Inc. (A)	5,781		143,716
Designer Brands, Inc., Class A	18,504		316,788
Express, Inc. (A)	20,062		69,013
GameStop Corp., Class A (B)	25,768		142,239
Genesco, Inc. (A)	4,549		182,051
GNC Holdings, Inc., Class A (A)(B)	21,887		46,838
Group 1 Automotive, Inc.	4,984		460,073
Guess?, Inc. (B)	14,366		266,202
Haverty Furniture Companies, Inc.	5,200		105,404
Hibbett Sports, Inc. (A)	5,177		118,553
Hudson, Ltd., Class A (A)	11,641		142,835
Lithia Motors, Inc., Class A	6,261		828,831
Lumber Liquidators Holdings, Inc. (A)(B)	8,685		85,721
MarineMax, Inc. (A)	6,211		96,146
Monro, Inc.	9,262		731,791
Murphy USA, Inc. (A)	8,589		732,642
National Vision Holdings, Inc. (A)	21,604		520,008
Office Depot, Inc.	155,543		272,978
Party City Holdco, Inc. (A)(B)	15,139		86,444
Rent-A-Center, Inc.	13,777		355,309
RH (A)	4,700		802,901
Sally Beauty Holdings, Inc. (A)	34,130		508,196
Shoe Carnival, Inc. (B)	2,769		89,743
Signet Jewelers, Ltd. (B)	14,889		249,540
Sleep Number Corp. (A)	8,205		339,031
Sonic Automotive, Inc., Class A	6,965		218,771
Sportsman's Warehouse Holdings, Inc. (A)	13,312		68,956
Tailored Brands, Inc. (B)	15,211		66,928
The Buckle, Inc. (B)	8,269		170,341
The Cato Corp., Class A	6,537		115,117
The Children's Place, Inc. (B)	4,361		335,753
The Michaels Companies, Inc. (A)(B)	24,491		239,767
Tile Shop Holdings, Inc.	12,191		38,889
Tilly's, Inc., Class A	6,631		62,597
Winmark Corp.	655		115,535
Zumiez, Inc. (A)	5,688		180,167
			13,629,096
Textiles, apparel and luxury goods – 0.9%
Crocs, Inc. (A)	17,778		493,517
Culp, Inc.	3,773		61,500
Deckers Outdoor Corp. (A)	8,245		1,214,983
Delta Apparel, Inc. (A)	2,095		49,756
Fossil Group, Inc. (A)	13,530		169,260
G-III Apparel Group, Ltd. (A)	12,951		333,747
Kontoor Brands, Inc.	12,545		440,330
Movado Group, Inc.	4,666		115,997
Oxford Industries, Inc.	4,748		340,432
Rocky Brands, Inc.	2,236		74,302
Steven Madden, Ltd.	23,886		854,880
Unifi, Inc. (A)	4,460		97,763
Vera Bradley, Inc. (A)	6,329		63,923
Wolverine World Wide, Inc.	23,815		673,012
			4,983,402
			60,604,737
Consumer staples – 2.9%
Beverages – 0.3%
Coca-Cola Consolidated, Inc.	1,341		407,490
Craft Brew Alliance, Inc. (A)	3,945		32,310
MGP Ingredients, Inc. (B)	3,691		183,369
National Beverage Corp. (B)	3,437		152,465

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages (continued)
New Age Beverages Corp. (A)(B)	21,233	$	58,603
Primo Water Corp. (A)	10,506		129,014
The Boston Beer Company, Inc., Class A (A)	2,352		856,316
			1,819,567
Food and staples retailing – 0.7%
BJ's Wholesale Club Holdings, Inc. (A)	31,720		820,596
HF Foods Group, Inc. (A)	2,387		40,698
Ingles Markets, Inc., Class A	4,141		160,919
Performance Food Group Company (A)	29,185		1,342,802
PriceSmart, Inc.	6,444		458,168
Rite Aid Corp. (A)(B)	15,923		110,665
SpartanNash Company	10,638		125,848
The Andersons, Inc.	9,072		203,485
The Chefs' Warehouse, Inc. (A)	6,940		279,821
United Natural Foods, Inc. (A)	15,196		175,058
Village Super Market, Inc., Class A	2,756		72,896
Weis Markets, Inc.	2,853		108,813
			3,899,769
Food products – 1.2%
Alico, Inc.	1,548		52,663
B&G Foods, Inc. (B)	18,470		349,268
Calavo Growers, Inc. (B)	4,638		441,445
Cal-Maine Foods, Inc.	9,013		360,114
Darling Ingredients, Inc. (A)	46,691		893,199
Farmer Brothers Company (A)	3,646		47,216
Fresh Del Monte Produce, Inc.	8,859		302,180
Freshpet, Inc. (A)	9,518		473,711
Hostess Brands, Inc. (A)	31,991		447,394
J&J Snack Foods Corp.	4,274		820,608
John B. Sanfilippo & Son, Inc.	2,493		240,824
Lancaster Colony Corp.	5,349		741,639
Landec Corp. (A)	8,048		87,482
Limoneira Company	4,915		90,239
Sanderson Farms, Inc.	5,638		853,199
Seneca Foods Corp., Class A (A)	2,284		71,215
The Simply Good Foods Company (A)	20,269		587,598
Tootsie Roll Industries, Inc.	4,555		169,173
			7,029,167
Household products – 0.2%
Central Garden & Pet Company (A)	3,686		107,742
Central Garden & Pet Company, Class A (A)	11,366		315,122
WD-40 Company	3,926		720,578
			1,143,442
Personal products – 0.3%
Edgewell Personal Care Company (A)	15,460		502,295
elf Beauty, Inc. (A)	7,520		131,675
Inter Parfums, Inc.	5,097		356,637
Lifevantage Corp. (A)	4,540		62,198
Medifast, Inc. (B)	3,240		335,761
Revlon, Inc., Class A (A)(B)	1,864		43,785
USANA Health Sciences, Inc. (A)	3,692		252,496
			1,684,847
Tobacco – 0.2%
22nd Century Group, Inc. (A)(B)	36,396		82,255
Turning Point Brands, Inc. (B)	2,467		56,889
Universal Corp.	7,039		385,808
Vector Group, Ltd.	32,527		387,398
			912,350
			16,489,142
Energy – 3.2%

 

190

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services – 1.0%
Archrock, Inc.	37,067	$	369,558
C&J Energy Services, Inc. (A)	19,154		205,522
Cactus, Inc., Class A (A)	13,400		387,796
Diamond Offshore Drilling, Inc. (A)(B)	18,948		105,351
DMC Global, Inc. (B)	4,124		181,374
Dril-Quip, Inc. (A)	10,306		517,155
Era Group, Inc. (A)	6,027		63,645
Exterran Corp. (A)	9,423		123,064
Forum Energy Technologies, Inc. (A)	24,986		38,728
Frank's International NV (A)	31,304		148,694
Geospace Technologies Corp. (A)	4,183		64,293
Helix Energy Solutions Group, Inc. (A)	40,877		329,469
Keane Group, Inc. (A)	15,900		96,354
KLX Energy Services Holdings, Inc. (A)	6,181		53,435
Liberty Oilfield Services, Inc., Class A (B)	14,832		160,631
Matrix Service Company (A)	7,848		134,515
McDermott International, Inc. (A)(B)	52,126		105,295
Nabors Industries, Ltd.	101,741		190,256
National Energy Services Reunited Corp. (A)	7,024		46,920
Natural Gas Services Group, Inc. (A)	4,215		53,994
Newpark Resources, Inc. (A)	25,763		196,314
Nine Energy Service, Inc. (A)	4,762		29,382
Noble Corp. PLC (A)	73,534		93,388
Oceaneering International, Inc. (A)	28,329		383,858
Oil States International, Inc. (A)	17,269		229,678
Pacific Drilling SA (A)(B)	9,152		35,784
Parker Drilling Company (A)	3,003		56,817
ProPetro Holding Corp. (A)	22,702		206,361
RigNet, Inc. (A)	4,670		36,193
RPC, Inc. (B)	16,972		95,213
SEACOR Holdings, Inc. (A)	5,018		236,197
SEACOR Marine Holdings, Inc. (A)	5,609		70,505
Seadrill, Ltd. (A)(B)	18,097		38,004
Select Energy Services, Inc., Class A (A)	17,048		147,636
Solaris Oilfield Infrastructure, Inc., Class A (B)	8,916		119,653
TETRA Technologies, Inc. (A)	40,257		80,917
Tidewater, Inc. (A)	11,072		167,298
U.S. Silica Holdings, Inc. (B)	21,276		203,399
			5,802,646
Oil, gas and consumable fuels – 2.2%
Altus Midstream Company, Class A (A)(B)	15,849		44,853
Arch Coal, Inc., Class A (B)	4,569		339,020
Ardmore Shipping Corp. (A)	10,928		73,108
Berry Petroleum Corp.	18,585		173,956
Bonanza Creek Energy, Inc. (A)	5,661		126,750
Brigham Minerals, Inc., Class A	4,871		96,933
California Resources Corp. (A)(B)	13,997		142,769
Callon Petroleum Company (A)(B)	65,964		286,284
Carrizo Oil & Gas, Inc. (A)	25,775		221,278
Clean Energy Fuels Corp. (A)	39,257		81,066
CNX Resources Corp. (A)	53,869		391,089
CONSOL Energy, Inc. (A)	7,859		122,836
Contura Energy, Inc. (A)	5,408		151,208
CVR Energy, Inc.	8,411		370,336
Delek US Holdings, Inc.	21,391		776,493
Denbury Resources, Inc. (A)(B)	134,489		160,042
DHT Holdings, Inc.	25,044		154,021
Diamond S Shipping, Inc. (A)	6,580		72,512
Dorian LPG, Ltd. (A)	8,228		85,242
Energy Fuels, Inc. (A)(B)	28,591		55,181
Evolution Petroleum Corp.	10,050		58,692

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Extraction Oil & Gas, Inc. (A)(B)	27,727	$	81,517
Falcon Minerals Corp.	11,956		68,747
GasLog, Ltd.	11,708		150,448
Golar LNG, Ltd.	27,059		351,496
Green Plains, Inc.	11,052		117,096
Gulfport Energy Corp. (A)	46,632		126,373
HighPoint Resources Corp. (A)	35,528		56,490
International Seaways, Inc. (A)	7,465		143,776
Jagged Peak Energy, Inc. (A)(B)	19,589		142,216
Laredo Petroleum, Inc. (A)	52,779		127,197
Magnolia Oil & Gas Corp., Class A (A)	29,345		325,730
Matador Resources Company (A)	31,934		527,869
NACCO Industries, Inc., Class A	1,171		74,839
Nordic American Tankers, Ltd.	42,028		90,780
Northern Oil and Gas, Inc. (A)(B)	84,230		165,091
Oasis Petroleum, Inc. (A)	91,775		317,542
Panhandle Oil and Gas, Inc., Class A	5,171		72,291
Par Pacific Holdings, Inc. (A)	9,869		225,605
PDC Energy, Inc. (A)	18,207		505,244
Peabody Energy Corp.	19,540		287,629
Penn Virginia Corp. (A)	4,005		116,425
QEP Resources, Inc.	69,058		255,515
Renewable Energy Group, Inc. (A)(B)	10,616		159,293
REX American Resources Corp. (A)	1,644		125,487
Ring Energy, Inc. (A)	19,844		32,544
SandRidge Energy, Inc. (A)	10,359		48,687
Scorpio Tankers, Inc.	12,398		368,964
SemGroup Corp., Class A	23,038		376,441
Ship Finance International, Ltd. (B)	22,857		320,912
SM Energy Company	32,324		313,220
Southwestern Energy Company (A)	155,643		300,391
SRC Energy, Inc. (A)	69,542		324,066
Talos Energy, Inc. (A)	6,010		122,183
Teekay Corp. (B)	21,636		86,544
Teekay Tankers, Ltd., Class A (A)	58,839		76,491
Tellurian, Inc. (A)(B)	27,587		229,386
Unit Corp. (A)	16,013		54,124
Uranium Energy Corp. (A)	57,071		55,639
W&T Offshore, Inc. (A)	27,931		122,058
Whiting Petroleum Corp. (A)	26,164		210,097
World Fuel Services Corp.	18,462		737,372
			12,377,484
			18,180,130
Financials – 17.7%
Banks – 9.6%
1st Constitution Bancorp	2,729		51,169
1st Source Corp.	3,922		179,353
ACNB Corp.	1,847		63,352
Allegiance Bancshares, Inc. (A)	5,794		185,929
Amalgamated Bank, Class A	4,411		70,664
Amerant Bancorp, Inc. (A)	5,823		122,108
American National Bankshares, Inc.	2,537		89,987
Ameris Bancorp	17,470		702,993
Ames National Corp.	3,065		87,690
Arrow Financial Corp.	3,653		121,987
Atlantic Capital Bancshares, Inc. (A)	7,412		128,524
Atlantic Union Bankshares Corp.	23,130		861,477
Banc of California, Inc.	13,059		184,654
BancFirst Corp.	5,330		295,389
BancorpSouth Bank	26,873		795,710
Bank First Corp. (B)	1,861		123,161
Bank of Commerce Holdings	5,961		64,915
Bank of Marin Bancorp	3,880		160,981
BankFinancial Corp.	6,602		78,564
Bankwell Financial Group, Inc.	2,230		61,325

 

191

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Banner Corp.	9,667	$	542,995
Bar Harbor Bankshares	4,368		108,894
Baycom Corp. (A)	3,332		75,670
BCB Bancorp, Inc.	4,328		55,572
Berkshire Hills Bancorp, Inc.	13,048		382,176
Boston Private Financial Holdings, Inc.	24,071		280,548
Bridge Bancorp, Inc.	4,820		142,479
Brookline Bancorp, Inc.	22,886		337,111
Bryn Mawr Bank Corp.	5,828		212,780
Business First Bancshares, Inc.	3,271		79,812
Byline Bancorp, Inc. (A)	6,969		124,606
C&F Financial Corp.	1,090		57,399
Cadence BanCorp	35,574		623,968
Cambridge Bancorp	869		65,184
Camden National Corp.	4,530		196,240
Capital City Bank Group, Inc.	3,496		95,965
Capstar Financial Holdings, Inc.	5,707		94,622
Carolina Financial Corp.	5,926		210,610
Carter Bank & Trust (A)	6,880		129,963
Cathay General Bancorp	21,364		742,079
CBTX, Inc.	5,366		149,604
CenterState Bank Corp.	35,495		851,348
Central Pacific Financial Corp.	7,758		220,327
Central Valley Community Bancorp	3,572		72,690
Century Bancorp, Inc., Class A	952		83,395
Chemung Financial Corp.	1,161		48,762
Citizens & Northern Corp.	3,629		95,370
City Holding Company	4,412		336,415
Civista Bancshares, Inc.	4,249		92,331
CNB Financial Corp.	4,260		122,262
Codorus Valley Bancorp, Inc.	2,837		65,989
Colony Bankcorp, Inc.	3,589		55,091
Columbia Banking System, Inc.	20,696		763,682
Community Bank System, Inc.	14,209		876,553
Community Bankers Trust Corp.	7,783		66,934
Community Trust Bancorp, Inc.	4,335		184,584
ConnectOne Bancorp, Inc.	9,664		214,541
Customers Bancorp, Inc. (A)	8,271		171,541
CVB Financial Corp.	37,624		785,213
DNB Financial Corp.	1,366		60,801
Eagle Bancorp, Inc.	9,527		425,095
Enterprise Financial Services Corp.	6,980		284,435
Equity Bancshares, Inc., Class A (A)	4,701		126,034
Esquire Financial Holdings, Inc. (A)	2,236		55,453
Evans Bancorp, Inc.	1,653		61,822
Farmers & Merchants Bancorp, Inc.	2,419		62,797
Farmers National Banc Corp.	7,459		108,006
FB Financial Corp.	4,772		179,189
Fidelity D&D Bancorp, Inc. (B)	908		56,523
Financial Institutions, Inc.	4,598		138,768
First Bancorp (NC)	8,286		297,467
First Bancorp (PR)	60,965		608,431
First Bancorp, Inc.	3,161		86,896
First Bank	5,475		59,294
First Busey Corp.	14,512		366,863
First Business Financial Services, Inc.	2,956		71,180
First Choice Bancorp	2,876		61,316
First Commonwealth Financial Corp.	27,313		362,717
First Community Bankshares, Inc.	4,416		142,946
First Financial Bancorp	27,711		678,227
First Financial Bankshares, Inc.	36,713		1,223,644
First Financial Corp.	3,734		162,317
First Financial Northwest, Inc.	3,140		46,409
First Foundation, Inc.	11,899		181,757
First Internet Bancorp	3,638		77,890

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
First Interstate BancSystem, Inc., Class A	10,586	$	425,981
First Merchants Corp.	15,489		582,929
First Mid Bancshares, Inc.	3,733		129,236
First Midwest Bancorp, Inc.	30,126		586,854
Flushing Financial Corp.	7,854		158,690
FNCB Bancorp, Inc.	6,334		49,469
Franklin Financial Network, Inc.	4,015		121,293
Franklin Financial Services Corp.	1,892		67,261
Fulton Financial Corp.	45,093		729,605
FVCBankcorp, Inc. (A)	4,837		84,938
German American Bancorp, Inc.	6,843		219,318
Glacier Bancorp, Inc.	23,886		966,428
Great Southern Bancorp, Inc.	3,170		180,532
Great Western Bancorp, Inc.	16,100		531,300
Guaranty Bancshares, Inc.	2,960		90,546
Hancock Whitney Corp.	25,418		973,369
Hanmi Financial Corp.	8,948		168,043
HarborOne Bancorp, Inc. (A)	8,402		84,566
Heartland Financial USA, Inc.	9,416		421,272
Heritage Commerce Corp.	12,777		150,194
Heritage Financial Corp.	10,366		279,467
Hilltop Holdings, Inc.	20,274		484,346
Home BancShares, Inc.	43,912		825,326
HomeTrust Bancshares, Inc.	5,168		134,730
Hope Bancorp, Inc.	34,161		489,869
Horizon Bancorp, Inc.	10,420		180,891
Howard Bancorp, Inc. (A)	4,310		71,934
IBERIABANK Corp.	14,817		1,119,276
Independent Bank Corp. (MA)	9,420		703,203
Independent Bank Corp. (MI)	6,829		145,560
Independent Bank Group, Inc.	10,274		540,515
International Bancshares Corp.	15,634		603,785
Investar Holding Corp.	3,867		92,035
Investors Bancorp, Inc.	64,479		732,481
Lakeland Bancorp, Inc.	14,218		219,384
Lakeland Financial Corp.	6,881		302,626
LCNB Corp.	4,848		86,004
LegacyTexas Financial Group, Inc.	13,819		601,541
Live Oak Bancshares, Inc.	7,770		140,637
Macatawa Bank Corp.	7,778		80,813
MainStreet Bancshares, Inc. (A)	3,080		64,834
Mercantile Bank Corp.	4,582		150,290
Metropolitan Bank Holding Corp. (A)	2,327		91,521
Mid Penn Bancorp, Inc. (B)	3,078		78,889
Midland States Bancorp, Inc.	6,554		170,732
MidWestOne Financial Group, Inc.	3,912		119,394
MVB Financial Corp.	2,831		56,195
National Bank Holdings Corp., Class A	8,277		282,991
National Bankshares, Inc.	2,153		86,228
NBT Bancorp, Inc.	11,796		431,616
Nicolet Bankshares, Inc. (A)	2,458		163,629
Northeast Bank	2,537		56,245
Northrim BanCorp, Inc.	2,275		90,249
Norwood Financial Corp.	1,939		61,292
OFG Bancorp	14,299		313,148
Ohio Valley Banc Corp.	1,430		52,181
Old Line Bancshares, Inc.	4,982		144,528
Old National Bancorp	48,261		830,331
Old Second Bancorp, Inc.	8,196		100,155
Opus Bank	6,466		140,765
Origin Bancorp, Inc.	5,526		186,447
Orrstown Financial Services, Inc.	4,259		93,272
Pacific Premier Bancorp, Inc.	17,032		531,228
Park National Corp.	3,656		346,625

 

192

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Parke Bancorp, Inc.	3,465	$	76,992
PCB Bancorp	3,839		63,152
Peapack Gladstone Financial Corp.	5,776		161,901
Penns Woods Bancorp, Inc.	1,512		69,930
Peoples Bancorp of North Carolina, Inc.	1,973		58,618
Peoples Bancorp, Inc.	5,084		161,722
Peoples Financial Services Corp.	2,003		90,716
People's Utah Bancorp	4,427		125,240
Preferred Bank	4,118		215,701
Premier Financial Bancorp, Inc.	3,954		67,890
QCR Holdings, Inc.	4,571		173,607
RBB Bancorp	4,372		86,085
Renasant Corp.	16,246		568,772
Republic Bancorp, Inc., Class A	2,750		119,488
Republic First Bancorp, Inc. (A)	15,570		65,394
S&T Bancorp, Inc.	9,243		337,647
Sandy Spring Bancorp, Inc.	9,727		327,897
SB One Bancorp	3,605		81,329
Seacoast Banking Corp. of Florida (A)	14,359		363,426
Select Bancorp, Inc. (A)	5,471		63,464
ServisFirst Bancshares, Inc.	13,671		453,194
Shore Bancshares, Inc.	4,878		75,170
Sierra Bancorp	4,253		112,960
Simmons First National Corp., Class A	25,848		643,615
SmartFinancial, Inc. (A)	3,860		80,404
South State Corp.	9,559		719,793
Southern First Bancshares, Inc. (A)	2,598		103,530
Southern National Bancorp of Virginia, Inc.	7,094		109,177
Southside Bancshares, Inc.	8,952		305,353
Stock Yards Bancorp, Inc.	5,853		214,747
Summit Financial Group, Inc.	3,318		84,941
The Bancorp, Inc. (A)	15,100		149,490
The Bank of NT Butterfield & Son, Ltd.	15,479		458,798
The Bank of Princeton	2,087		60,648
The First Bancshares, Inc.	3,585		115,796
The First of Long Island Corp.	7,084		161,161
Tompkins Financial Corp.	4,036		327,441
Towne Bank	18,082		502,770
TriCo Bancshares	6,950		252,285
TriState Capital Holdings, Inc. (A)	7,310		153,802
Triumph Bancorp, Inc. (A)	7,158		228,269
Trustmark Corp.	18,033		615,106
UMB Financial Corp.	12,431		802,794
United Bankshares, Inc.	27,372		1,036,578
United Community Banks, Inc.	22,292		631,978
Univest Financial Corp.	8,395		214,156
Valley National Bancorp	91,821		998,094
Veritex Holdings, Inc.	14,920		362,034
Washington Trust Bancorp, Inc.	4,166		201,259
WesBanco, Inc.	14,995		560,363
West Bancorporation, Inc.	4,715		102,504
Westamerica Bancorporation	7,423		461,562
			54,009,289
Capital markets – 1.4%
Ares Management Corp., Class A	18,348		491,910
Artisan Partners Asset Management, Inc., Class A	14,373		405,894
Assetmark Financial Holdings, Inc. (A)	3,057		79,635
B. Riley Financial, Inc.	6,218		146,869
Blucora, Inc. (A)	13,822		299,108
Brightsphere Investment Group, Inc.	20,437		202,531
Cohen & Steers, Inc.	6,488		356,386
Cowen, Inc., Class A (A)	8,401		129,291
Diamond Hill Investment Group, Inc.	970		133,986

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Donnelley Financial Solutions, Inc. (A)	9,056	$	111,570
Federated Investors, Inc., Class B	27,276		884,015
Focus Financial Partners, Inc., Class A (A)	8,800		209,440
Greenhill & Company, Inc.	5,050		66,256
Hamilton Lane, Inc., Class A	6,221		354,348
Houlihan Lokey, Inc.	10,498		473,460
INTL. FCStone, Inc. (A)	4,663		191,463
Ladenburg Thalmann Financial Services, Inc.	33,740		79,964
Moelis & Company, Class A	13,571		445,807
Oppenheimer Holdings, Inc., Class A	3,092		92,946
Piper Jaffray Companies	3,904		294,674
PJT Partners, Inc., Class A	6,538		266,097
Pzena Investment Management, Inc., Class A	5,417		48,320
Safeguard Scientifics, Inc. (A)	6,969		79,028
Sculptor Capital Management, Inc.	5,010		97,595
Stifel Financial Corp.	19,305		1,107,721
Virtus Investment Partners, Inc.	1,939		214,395
Waddell & Reed Financial, Inc., Class A (B)	20,853		358,255
Westwood Holdings Group, Inc.	2,704		74,820
WisdomTree Investments, Inc.	38,912		203,315
			7,899,099
Consumer finance – 0.6%
Curo Group Holdings Corp. (A)(B)	5,267		69,946
Encore Capital Group, Inc. (A)(B)	8,842		294,660
Enova International, Inc. (A)	9,539		197,934
EZCORP, Inc., Class A (A)	15,227		98,290
FirstCash, Inc.	12,038		1,103,523
Green Dot Corp., Class A (A)	13,895		350,849
LendingClub Corp. (A)	18,933		247,644
Medallion Financial Corp. (A)	7,097		45,421
Nelnet, Inc., Class A	5,005		318,318
PRA Group, Inc. (A)	12,986		438,797
Regional Management Corp. (A)	2,977		83,832
World Acceptance Corp. (A)	1,807		230,411
			3,479,625
Diversified financial services – 0.2%
Banco Latinoamericano de Comercio Exterior SA, Class E	8,887		177,207
Cannae Holdings, Inc. (A)	19,339		531,242
FGL Holdings	42,401		338,360
First Eagle Private Credit LLC (A)(C)	8,978		2,168
Marlin Business Services Corp.	2,657		66,930
On Deck Capital, Inc. (A)	20,120		67,603
			1,183,510
Insurance – 2.4%
Ambac Financial Group, Inc. (A)	13,130		256,692
American Equity Investment Life Holding Company	25,725		622,545
AMERISAFE, Inc.	5,409		357,589
Argo Group International Holdings, Ltd.	9,233		648,526
Citizens, Inc. (A)(B)	13,973		95,995
CNO Financial Group, Inc.	44,825		709,580
eHealth, Inc. (A)	6,384		426,387
Employers Holdings, Inc.	8,770		382,197
Enstar Group, Ltd. (A)	3,247		616,670
FBL Financial Group, Inc., Class A	2,970		176,745
FedNat Holding Company	4,096		57,303
Genworth Financial, Inc., Class A (A)	144,078		633,943
Global Indemnity, Ltd.	2,475		61,801
Goosehead Insurance, Inc., Class A (B)	3,225		159,154

 

193

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Greenlight Capital Re, Ltd., Class A (A)	9,842	$	103,341
Hallmark Financial Services, Inc. (A)	4,610		88,189
HCI Group, Inc.	2,103		88,410
Health Insurance Innovations, Inc., Class A (A)(B)	2,900		72,297
Heritage Insurance Holdings, Inc.	7,974		119,211
Horace Mann Educators Corp.	11,877		550,261
Investors Title Company	446		71,405
James River Group Holdings, Ltd.	8,298		425,190
Kinsale Capital Group, Inc.	5,626		581,222
MBIA, Inc. (A)	23,542		217,293
National General Holdings Corp.	19,383		446,197
National Western Life Group, Inc., Class A	671		180,076
Palomar Holdings, Inc. (A)(B)	1,811		71,390
ProAssurance Corp.	15,084		607,433
Protective Insurance Corp., Class B	3,455		60,290
RLI Corp.	11,278		1,047,839
Safety Insurance Group, Inc.	4,122		417,682
Selective Insurance Group, Inc.	16,546		1,244,094
State Auto Financial Corp.	5,026		162,792
Stewart Information Services Corp.	6,644		257,721
Third Point Reinsurance, Ltd. (A)	21,441		214,196
Tiptree, Inc.	8,697		63,314
Trupanion, Inc. (A)(B)	8,354		212,359
United Fire Group, Inc.	6,004		282,068
United Insurance Holdings Corp.	6,596		92,278
Universal Insurance Holdings, Inc.	8,845		265,262
Watford Holdings, Ltd. (A)	5,979		161,134
			13,308,071
Mortgage real estate investment trusts – 1.3%
AG Mortgage Investment Trust, Inc.	9,595		145,364
Anworth Mortgage Asset Corp.	32,028		105,692
Apollo Commercial Real Estate Finance, Inc.	41,731		799,983
Ares Commercial Real Estate Corp.	8,365		127,399
Arlington Asset Investment Corp., Class A	11,594		63,651
ARMOUR Residential REIT, Inc.	16,373		274,248
Blackstone Mortgage Trust, Inc., Class A	33,636		1,205,851
Capstead Mortgage Corp.	24,166		177,620
Cherry Hill Mortgage Investment Corp.	5,384		70,530
Colony Credit Real Estate, Inc.	23,539		340,374
Dynex Capital, Inc.	7,535		111,367
Ellington Financial, Inc.	7,781		140,603
Exantas Capital Corp.	9,890		112,449
Granite Point Mortgage Trust, Inc.	14,612		273,829
Great Ajax Corp.	6,183		95,837
Invesco Mortgage Capital, Inc.	38,376		587,537
KKR Real Estate Finance Trust, Inc.	6,348		123,976
Ladder Capital Corp.	29,159		503,576
New York Mortgage Trust, Inc.	62,832		382,647
Orchid Island Capital, Inc.	15,914		91,506
PennyMac Mortgage Investment Trust	21,910		487,059
Ready Capital Corp.	9,107		144,983
Redwood Trust, Inc.	26,361		432,584
TPG RE Finance Trust, Inc.	12,910		256,134
Western Asset Mortgage Capital Corp.	13,614		131,375
			7,186,174
Thrifts and mortgage finance – 2.2%
Axos Financial, Inc. (A)	16,462		455,174
Bridgewater Bancshares, Inc. (A)	8,335		99,520
Capitol Federal Financial, Inc.	35,782		493,076
Columbia Financial, Inc. (A)	15,072		237,987
Dime Community Bancshares, Inc.	9,769		209,154

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Entegra Financial Corp. (A)	2,426	$	72,877
ESSA Bancorp, Inc.	3,655		60,015
Essent Group, Ltd.	27,068		1,290,332
Federal Agricultural Mortgage Corp., Class C	2,606		212,806
First Defiance Financial Corp.	5,843		169,243
Flagstar Bancorp, Inc.	7,985		298,240
FS Bancorp, Inc.	1,597		83,843
Hingham Institution for Savings	471		89,019
Home Bancorp, Inc.	2,486		96,929
HomeStreet, Inc. (A)	7,072		193,207
Kearny Financial Corp.	24,139		314,773
Luther Burbank Corp.	6,664		75,503
Merchants Bancorp	2,786		46,080
Meridian Bancorp, Inc.	14,284		267,825
Meta Financial Group, Inc.	10,216		333,144
MMA Capital Holdings, Inc. (A)	1,771		53,130
Mr. Cooper Group, Inc. (A)	21,817		231,697
NMI Holdings, Inc., Class A (A)	18,711		491,351
Northfield Bancorp, Inc.	13,745		220,745
Northwest Bancshares, Inc.	28,056		459,838
OceanFirst Financial Corp.	14,641		345,528
Ocwen Financial Corp. (A)	42,019		78,996
OP Bancorp	5,074		49,624
Oritani Financial Corp.	12,054		213,296
PCSB Financial Corp.	4,981		99,570
PDL Community Bancorp (A)	3,574		50,250
PennyMac Financial Services, Inc. (A)	7,115		216,154
Provident Bancorp, Inc. (A)	1,668		40,082
Provident Financial Services, Inc.	17,316		424,761
Radian Group, Inc.	57,933		1,323,190
Riverview Bancorp, Inc.	9,063		66,885
Southern Missouri Bancorp, Inc.	2,365		86,157
Sterling Bancorp, Inc.	5,785		56,462
Territorial Bancorp, Inc.	2,461		70,335
Timberland Bancorp, Inc.	2,152		59,180
TrustCo Bank Corp.	29,634		241,517
United Community Financial Corp.	13,633		146,964
United Financial Bancorp, Inc.	15,510		211,401
Walker & Dunlop, Inc.	7,877		440,561
Washington Federal, Inc.	22,125		818,404
Waterstone Financial, Inc.	7,765		133,403
Western New England Bancorp, Inc.	8,517		81,167
WSFS Financial Corp.	14,974		660,353
			12,469,748
			99,535,516
Health care – 15.8%
Biotechnology – 6.9%
Abeona Therapeutics, Inc. (A)	10,648		24,064
ACADIA Pharmaceuticals, Inc. (A)	30,048		1,081,428
Acceleron Pharma, Inc. (A)	12,963		512,168
Achillion Pharmaceuticals, Inc. (A)	41,182		148,255
Acorda Therapeutics, Inc. (A)	13,647		39,167
Adamas Pharmaceuticals, Inc. (A)	6,653		34,030
ADMA Biologics, Inc. (A)	15,098		67,186
Adverum Biotechnologies, Inc. (A)	15,589		84,960
Aeglea BioTherapeutics, Inc. (A)	9,046		69,564
Affimed NV (A)	19,245		56,580
Agenus, Inc. (A)(B)	32,563		84,013
Aimmune Therapeutics, Inc. (A)	13,022		272,681
Akcea Therapeutics, Inc. (A)(B)	3,799		58,467
Akebia Therapeutics, Inc. (A)	34,756		136,244
Albireo Pharma, Inc. (A)	3,269		65,380
Alder Biopharmaceuticals, Inc. (A)	21,215		400,115
Aldeyra Therapeutics, Inc. (A)	7,739		40,785

 

194

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Alector, Inc. (A)(B)	8,504	$	122,628
Allakos, Inc. (A)(B)	5,455		428,927
Allogene Therapeutics, Inc. (A)(B)	11,248		306,564
AMAG Pharmaceuticals, Inc. (A)(B)	10,260		118,503
Amicus Therapeutics, Inc. (A)	72,255		579,485
AnaptysBio, Inc. (A)	7,091		248,114
Anavex Life Sciences Corp. (A)	14,333		45,292
Anika Therapeutics, Inc. (A)	3,854		211,546
Apellis Pharmaceuticals, Inc. (A)	13,981		336,802
Arcus Biosciences, Inc. (A)	10,263		93,393
Ardelyx, Inc. (A)	14,160		66,552
Arena Pharmaceuticals, Inc. (A)	14,282		653,687
ArQule, Inc. (A)	31,611		226,651
Arrowhead Pharmaceuticals, Inc. (A)(B)	26,682		751,899
Assembly Biosciences, Inc. (A)	7,012		68,928
Atara Biotherapeutics, Inc. (A)	14,669		207,126
Athenex, Inc. (A)(B)	19,243		234,091
Athersys, Inc. (A)(B)	43,142		57,379
Audentes Therapeutics, Inc. (A)	12,847		360,872
Avid Bioservices, Inc. (A)	16,832		89,210
Avrobio, Inc. (A)	5,923		83,633
Beyondspring, Inc. (A)(B)	3,438		62,228
BioCryst Pharmaceuticals, Inc. (A)	33,419		95,745
Biohaven Pharmaceutical Holding Company, Ltd. (A)	11,077		462,132
BioSpecifics Technologies Corp. (A)	1,875		100,350
Blueprint Medicines Corp. (A)	13,961		1,025,715
Bridgebio Pharma, Inc. (A)(B)	6,249		134,166
Calithera Biosciences, Inc. (A)	14,192		43,853
CareDx, Inc. (A)	11,793		266,640
CASI Pharmaceuticals, Inc. (A)(B)	17,112		57,154
Catalyst Pharmaceuticals, Inc. (A)	28,010		148,733
Cellular Biomedicine Group, Inc. (A)(B)	3,951		58,712
CEL-SCI Corp. (A)(B)	7,997		71,493
ChemoCentryx, Inc. (A)	12,124		82,201
Chimerix, Inc. (A)	16,170		38,000
Clovis Oncology, Inc. (A)(B)	14,719		57,846
Coherus Biosciences, Inc. (A)	17,789		360,405
Concert Pharmaceuticals, Inc. (A)	7,089		41,683
Constellation Pharmaceuticals, Inc. (A)	4,922		31,796
Corbus Pharmaceuticals Holdings, Inc. (A)(B)	18,059		87,947
Crinetics Pharmaceuticals, Inc. (A)(B)	3,370		50,685
Cue Biopharma, Inc. (A)	6,408		54,019
Cyclerion Therapeutics, Inc. (A)	7,387		89,530
Cytokinetics, Inc. (A)	16,259		185,027
CytomX Therapeutics, Inc. (A)	13,492		99,571
Deciphera Pharmaceuticals, Inc. (A)	5,348		181,511
Denali Therapeutics, Inc. (A)(B)	13,878		212,611
Dicerna Pharmaceuticals, Inc. (A)	15,160		217,698
Dynavax Technologies Corp. (A)(B)	24,025		85,889
Eagle Pharmaceuticals, Inc. (A)	2,616		147,987
Editas Medicine, Inc. (A)(B)	14,369		326,751
Eidos Therapeutics, Inc. (A)(B)	3,270		117,622
Eiger BioPharmaceuticals, Inc. (A)	7,462		76,486
Emergent BioSolutions, Inc. (A)	13,042		681,836
Enanta Pharmaceuticals, Inc. (A)	4,939		296,735
Epizyme, Inc. (A)	22,544		232,541
Esperion Therapeutics, Inc. (A)	7,166		262,706
Fate Therapeutics, Inc. (A)	15,132		235,000
FibroGen, Inc. (A)	22,198		820,882
Five Prime Therapeutics, Inc. (A)	10,890		42,199
Flexion Therapeutics, Inc. (A)(B)	10,235		140,271
Forty Seven, Inc. (A)	6,569		42,173
G1 Therapeutics, Inc. (A)	9,798		223,198

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Galectin Therapeutics, Inc. (A)	11,899	$	43,669
Genomic Health, Inc. (A)	7,735		524,588
Geron Corp. (A)(B)	53,222		70,785
Global Blood Therapeutics, Inc. (A)	16,393		795,388
GlycoMimetics, Inc. (A)	10,373		44,708
Gossamer Bio, Inc. (A)	12,103		203,209
Gritstone Oncology, Inc. (A)(B)	7,820		67,526
Halozyme Therapeutics, Inc. (A)	41,175		638,624
Heron Therapeutics, Inc. (A)(B)	21,322		394,457
Homology Medicines, Inc. (A)(B)	7,163		129,650
ImmunoGen, Inc. (A)	43,731		105,829
Immunomedics, Inc. (A)	50,061		663,809
Inovio Pharmaceuticals, Inc. (A)(B)	28,809		59,058
Insmed, Inc. (A)	25,221		444,898
Intellia Therapeutics, Inc. (A)(B)	11,256		150,268
Intercept Pharmaceuticals, Inc. (A)	7,087		470,293
Intrexon Corp. (A)(B)	20,808		119,022
Invitae Corp. (A)	24,817		478,224
Iovance Biotherapeutics, Inc. (A)	32,843		597,743
Ironwood Pharmaceuticals, Inc. (A)	44,523		382,230
Kadmon Holdings, Inc. (A)	41,220		103,874
KalVista Pharmaceuticals, Inc. (A)	3,588		41,621
Karyopharm Therapeutics, Inc. (A)(B)	17,326		166,676
Kindred Biosciences, Inc. (A)	11,727		80,330
Kiniksa Pharmaceuticals, Ltd., Class A (A)	4,494		38,244
Kodiak Sciences, Inc. (A)	7,319		105,247
Krystal Biotech, Inc. (A)	2,882		100,077
Kura Oncology, Inc. (A)	9,737		147,710
La Jolla Pharmaceutical Company (A)(B)	6,219		54,727
Lexicon Pharmaceuticals, Inc. (A)(B)	13,214		39,774
Ligand Pharmaceuticals, Inc. (A)(B)	5,272		524,775
MacroGenics, Inc. (A)	13,872		177,007
Madrigal Pharmaceuticals, Inc. (A)	2,273		195,978
Magenta Therapeutics, Inc. (A)	5,923		60,770
MannKind Corp. (A)(B)	58,978		73,723
Marker Therapeutics, Inc. (A)(B)	8,622		44,058
MediciNova, Inc. (A)(B)	12,589		100,146
MEI Pharma, Inc. (A)	24,058		40,417
MeiraGTx Holdings PLC (A)	4,953		79,000
Minerva Neurosciences, Inc. (A)	9,844		76,291
Mirati Therapeutics, Inc. (A)	7,700		599,907
Molecular Templates, Inc. (A)	5,719		37,688
Momenta Pharmaceuticals, Inc. (A)	28,731		372,354
Myriad Genetics, Inc. (A)	20,044		573,860
Natera, Inc. (A)	16,087		527,654
Novavax, Inc. (A)(B)	7,583		38,067
OPKO Health, Inc. (A)(B)	98,990		206,889
Palatin Technologies, Inc. (A)(B)	64,296		58,432
PDL BioPharma, Inc. (A)	35,507		76,695
Pfenex, Inc. (A)	9,141		77,150
Pieris Pharmaceuticals, Inc. (A)	14,698		50,120
Portola Pharmaceuticals, Inc. (A)	21,035		564,159
Principia Biopharma, Inc. (A)	4,006		113,129
Progenics Pharmaceuticals, Inc. (A)	25,510		128,953
Protagonist Therapeutics, Inc. (A)	5,071		60,903
Prothena Corp. PLC (A)	12,451		97,616
PTC Therapeutics, Inc. (A)	16,376		553,836
Puma Biotechnology, Inc. (A)(B)	9,080		97,746
Ra Pharmaceuticals, Inc. (A)	9,720		229,878
Radius Health, Inc. (A)	13,101		337,351
Recro Pharma, Inc. (A)	6,041		66,934
REGENXBIO, Inc. (A)	9,568		340,621
Repligen Corp. (A)	14,491		1,111,315
Replimune Group, Inc. (A)	3,791		52,695

 

195

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Retrophin, Inc. (A)	12,153	$	140,853
Rhythm Pharmaceuticals, Inc. (A)	6,908		149,144
Rigel Pharmaceuticals, Inc. (A)	51,895		97,044
Rocket Pharmaceuticals, Inc. (A)(B)	8,800		102,520
Rubius Therapeutics, Inc. (A)(B)	10,347		81,224
Sangamo Therapeutics, Inc. (A)	33,165		300,143
Scholar Rock Holding Corp. (A)(B)	5,310		47,525
Seres Therapeutics, Inc. (A)	11,309		45,349
Solid Biosciences, Inc. (A)	5,703		58,969
Sorrento Therapeutics, Inc. (A)(B)	37,273		79,764
Spark Therapeutics, Inc. (A)	9,806		950,986
Spectrum Pharmaceuticals, Inc. (A)	32,636		270,716
Stemline Therapeutics, Inc. (A)	12,776		132,998
Stoke Therapeutics, Inc. (A)(B)	2,519		54,133
Syndax Pharmaceuticals, Inc. (A)	6,708		50,109
Synergy Pharmaceuticals, Inc. (A)(C)	80,513		233
Synthorx, Inc. (A)	2,731		44,433
Syros Pharmaceuticals, Inc. (A)	10,502		109,011
TCR2 Therapeutics, Inc. (A)	3,501		52,620
TG Therapeutics, Inc. (A)(B)	23,955		134,507
The Medicines Company (A)	21,246		1,062,300
Translate Bio, Inc. (A)	8,670		85,920
Turning Point Therapeutics, Inc. (A)(B)	1,988		74,749
Twist Bioscience Corp. (A)	6,251		149,274
Ultragenyx Pharmaceutical, Inc. (A)	15,633		668,780
UNITY Biotechnology, Inc. (A)(B)	8,396		51,216
UroGen Pharma, Ltd. (A)(B)	5,598		133,400
Vanda Pharmaceuticals, Inc. (A)	15,099		200,515
Veracyte, Inc. (A)	13,317		319,608
Vericel Corp. (A)	12,752		193,065
Viking Therapeutics, Inc. (A)(B)	18,910		130,101
Voyager Therapeutics, Inc. (A)	7,038		121,124
X4 Pharmaceuticals, Inc. (A)	3,662		46,544
XBiotech, Inc. (A)	5,493		57,457
Xencor, Inc. (A)	13,606		458,930
Y-mAbs Therapeutics, Inc. (A)	6,062		157,976
ZIOPHARM Oncology, Inc. (A)(B)	46,334		198,310
			38,536,021
Health care equipment and supplies – 3.8%
Accuray, Inc. (A)	26,968		74,701
Alphatec Holdings, Inc. (A)	10,821		54,321
AngioDynamics, Inc. (A)	10,633		195,860
Antares Pharma, Inc. (A)	47,751		159,727
Apyx Medical Corp. (A)	10,396		70,381
AtriCure, Inc. (A)	10,580		263,865
Atrion Corp.	406		316,343
Avanos Medical, Inc. (A)	13,503		505,822
Avedro, Inc. (A)	2,081		47,239
Axogen, Inc. (A)	9,864		123,103
Axonics Modulation Technologies, Inc. (A)(B)	4,470		120,332
BioSig Technologies, Inc. (A)(B)	5,307		43,783
Cardiovascular Systems, Inc. (A)	9,752		463,415
Cerus Corp. (A)	39,900		205,685
Conformis, Inc. (A)(B)	19,159		35,636
CONMED Corp.	7,712		741,509
Corindus Vascular Robotics, Inc. (A)	27,079		115,898
CryoLife, Inc. (A)	10,374		281,654
CryoPort, Inc. (A)	8,679		141,945
Cutera, Inc. (A)	4,179		122,152
CytoSorbents Corp. (A)(B)	9,911		49,852
GenMark Diagnostics, Inc. (A)	16,597		100,578
Glaukos Corp. (A)	10,140		633,851
Globus Medical, Inc., Class A (A)	21,539		1,101,074
Haemonetics Corp. (A)	14,488		1,827,516

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Heska Corp. (A)	2,019	$	143,087
Inogen, Inc. (A)	5,234		250,761
Integer Holdings Corp. (A)	9,236		697,872
IntriCon Corp. (A)	2,603		50,602
Invacare Corp.	10,284		77,130
iRhythm Technologies, Inc. (A)(B)	7,072		524,106
Lantheus Holdings, Inc. (A)	10,911		273,484
LeMaitre Vascular, Inc.	4,799		164,030
LivaNova PLC (A)	13,796		1,018,007
Meridian Bioscience, Inc.	12,480		118,435
Merit Medical Systems, Inc. (A)	15,248		464,454
Mesa Laboratories, Inc.	1,006		239,197
Misonix, Inc. (A)	2,400		48,240
Natus Medical, Inc. (A)	9,654		307,383
Neogen Corp. (A)	14,556		991,409
Neuronetics, Inc. (A)	4,354		36,182
Nevro Corp. (A)	8,428		724,555
Novocure, Ltd. (A)	24,511		1,832,933
NuVasive, Inc. (A)	14,754		935,109
OraSure Technologies, Inc. (A)	18,047		134,811
Orthofix Medical, Inc. (A)	5,175		274,379
OrthoPediatrics Corp. (A)(B)	2,573		90,724
Pulse Biosciences, Inc. (A)(B)	3,793		58,564
Quidel Corp. (A)	10,131		621,537
Rockwell Medical, Inc. (A)(B)	18,177		50,169
RTI Surgical Holdings, Inc. (A)	17,865		50,915
SeaSpine Holdings Corp. (A)	5,317		64,921
Senseonics Holdings, Inc. (A)(B)	39,053		38,604
Shockwave Medical, Inc. (A)	1,918		57,406
SI-BONE, Inc. (A)(B)	4,871		86,071
Sientra, Inc. (A)	10,868		70,425
Silk Road Medical, Inc. (A)(B)	2,948		95,898
STAAR Surgical Company (A)	12,799		329,958
Surmodics, Inc. (A)	3,880		177,471
Tactile Systems Technology, Inc. (A)	5,203		220,191
Tandem Diabetes Care, Inc. (A)	15,786		931,058
TransEnterix, Inc. (A)	56,255		34,867
TransMedics Group, Inc. (A)(B)	2,055		48,806
Utah Medical Products, Inc.	1,105		105,903
Vapotherm, Inc. (A)	4,167		39,461
Varex Imaging Corp. (A)	10,738		306,463
ViewRay, Inc. (A)(B)	20,324		58,940
Wright Medical Group NV (A)	35,874		740,081
Zynex, Inc. (B)	5,010		47,645
			21,428,486
Health care providers and services – 2.0%
Addus HomeCare Corp. (A)	3,001		237,919
Amedisys, Inc. (A)	8,889		1,164,548
American Renal Associates Holdings, Inc. (A)	6,170		38,994
AMN Healthcare Services, Inc. (A)	13,046		750,928
Apollo Medical Holdings, Inc. (A)(B)	7,528		132,643
BioTelemetry, Inc. (A)	9,515		387,546
Brookdale Senior Living, Inc. (A)	53,045		402,081
Catasys, Inc. (A)(B)	2,066		32,560
Community Health Systems, Inc. (A)	25,679		92,444
CorVel Corp. (A)	2,547		192,808
Cross Country Healthcare, Inc. (A)	10,783		111,065
Diplomat Pharmacy, Inc. (A)	17,718		86,818
Enzo Biochem, Inc. (A)	15,174		54,626
Hanger, Inc. (A)	10,475		213,481
HealthEquity, Inc. (A)	19,507		1,114,728
LHC Group, Inc. (A)	8,560		972,074
Magellan Health, Inc. (A)	6,174		383,405
National HealthCare Corp.	3,465		283,610

 

196

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
National Research Corp.	3,459	$	199,757
Option Care Health, Inc. (A)	36,614		117,165
Owens & Minor, Inc.	18,098		105,149
Patterson Companies, Inc.	23,690		422,156
PetIQ, Inc. (A)(B)	5,515		150,339
R1 RCM, Inc. (A)	29,249		261,194
RadNet, Inc. (A)	12,389		177,906
Select Medical Holdings Corp. (A)	31,500		521,955
Surgery Partners, Inc. (A)(B)	7,795		57,566
Tenet Healthcare Corp. (A)	29,333		648,846
The Ensign Group, Inc.	14,412		683,561
The Joint Corp. (A)	4,022		74,849
The Providence Service Corp. (A)	3,393		201,748
Tivity Health, Inc. (A)	13,427		223,291
Triple-S Management Corp., Class B (A)	6,703		89,820
US Physical Therapy, Inc.	3,558		464,497
			11,052,077
Health care technology – 1.0%
Allscripts Healthcare Solutions, Inc. (A)	47,296		519,310
Castlight Health, Inc., B Shares (A)	31,131		43,895
Computer Programs & Systems, Inc.	3,816		86,280
Evolent Health, Inc., Class A (A)(B)	20,955		150,666
Health Catalyst, Inc. (A)	2,075		65,653
HealthStream, Inc. (A)	7,599		196,738
HMS Holdings Corp. (A)	24,787		854,284
Inovalon Holdings, Inc., Class A (A)(B)	20,205		331,160
Inspire Medical Systems, Inc. (A)	3,776		230,412
Livongo Health, Inc. (A)(B)	4,009		69,917
NextGen Healthcare, Inc. (A)	15,420		241,631
Omnicell, Inc. (A)	11,642		841,367
OptimizeRx Corp. (A)	3,815		55,241
Phreesia, Inc. (A)(B)	2,379		57,667
Simulations Plus, Inc.	3,659		126,967
Tabula Rasa HealthCare, Inc. (A)	5,609		308,158
Teladoc Health, Inc. (A)(B)	20,321		1,376,138
Vocera Communications, Inc. (A)(B)	8,707		214,628
			5,770,112
Life sciences tools and services – 0.7%
Accelerate Diagnostics, Inc. (A)(B)	7,976		148,114
Cambrex Corp. (A)	9,587		570,427
ChromaDex Corp. (A)(B)	13,161		51,789
Codexis, Inc. (A)(B)	15,063		206,589
Fluidigm Corp. (A)	19,917		92,216
Luminex Corp.	12,041		248,647
Medpace Holdings, Inc. (A)	7,883		662,487
NanoString Technologies, Inc. (A)	9,508		205,278
NeoGenomics, Inc. (A)	26,211		501,154
Pacific Biosciences of California, Inc. (A)	40,861		210,843
Personalis, Inc. (A)	2,331		34,207
Quanterix Corp. (A)	3,486		76,553
Syneos Health, Inc. (A)	17,651		939,210
			3,947,514
Pharmaceuticals – 1.4%
AcelRx Pharmaceuticals, Inc. (A)(B)	25,091		55,200
Aerie Pharmaceuticals, Inc. (A)(B)	12,191		234,311
Akorn, Inc. (A)	27,189		103,318
Amneal Pharmaceuticals, Inc. (A)	27,397		79,451
Amphastar Pharmaceuticals, Inc. (A)	10,494		208,096
ANI Pharmaceuticals, Inc. (A)	2,655		193,496
Arvinas, Inc. (A)	5,272		113,612
Assertio Therapeutics, Inc. (A)	19,846		25,403
Axsome Therapeutics, Inc. (A)(B)	7,057		142,834

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
BioDelivery Sciences International, Inc. (A)	24,910	$	104,871
Cara Therapeutics, Inc. (A)(B)	11,143		203,694
Chiasma, Inc. (A)	10,188		50,431
Collegium Pharmaceutical, Inc. (A)	9,628		110,529
Corcept Therapeutics, Inc. (A)	27,612		390,296
Corium International, Inc. (A)(B)(C)	8,600		1,548
CorMedix, Inc. (A)(B)	7,244		46,217
Cymabay Therapeutics, Inc. (A)	20,424		104,571
Dermira, Inc. (A)(B)	13,790		88,118
Dova Pharmaceuticals, Inc. (A)	2,398		67,024
Elanco Animal Health, Inc. (A)(C)	15,082		382
Eloxx Pharmaceuticals, Inc. (A)	8,365		37,810
Endo International PLC (A)	64,744		207,828
Evolus, Inc. (A)(B)	4,260		66,541
Innoviva, Inc. (A)	18,505		195,043
Intersect ENT, Inc. (A)	8,910		151,559
Intra-Cellular Therapies, Inc. (A)(B)	13,304		99,381
Kala Pharmaceuticals, Inc. (A)	7,693		29,272
Lannett Company, Inc. (A)	9,291		104,059
Mallinckrodt PLC (A)(B)	24,261		58,469
MyoKardia, Inc. (A)(B)	12,724		663,557
Ocular Therapeutix, Inc. (A)(B)	12,548		38,146
Odonate Therapeutics, Inc. (A)	3,311		86,185
Omeros Corp. (A)(B)	13,642		222,774
Optinose, Inc. (A)(B)	8,157		57,099
Pacira BioSciences, Inc. (A)	11,620		442,373
Paratek Pharmaceuticals, Inc. (A)	9,715		41,969
Phibro Animal Health Corp., Class A	5,968		127,297
Prestige Consumer Healthcare, Inc. (A)	14,346		497,663
Reata Pharmaceuticals, Inc., Class A (A)	5,764		462,792
resTORbio, Inc. (A)(B)	4,896		43,281
Revance Therapeutics, Inc. (A)	13,158		171,054
SIGA Technologies, Inc. (A)	16,441		84,178
Supernus Pharmaceuticals, Inc. (A)	14,199		390,189
TherapeuticsMD, Inc. (A)(B)	56,844		206,344
Theravance Biopharma, Inc. (A)	12,953		252,324
Tricida, Inc. (A)	6,366		196,518
Verrica Pharmaceuticals, Inc. (A)	4,450		65,682
WaVe Life Sciences, Ltd. (A)(B)	6,661		136,700
Xeris Pharmaceuticals, Inc. (A)	8,412		82,690
Zogenix, Inc. (A)	12,201		488,528
Zynerba Pharmaceuticals, Inc. (A)(B)	6,579		49,737
			8,080,444
			88,814,654
Industrials – 15.8%
Aerospace and defense – 1.3%
AAR Corp.	9,465		390,053
Aerojet Rocketdyne Holdings, Inc. (A)	20,744		1,047,779
AeroVironment, Inc. (A)	6,152		329,501
Astronics Corp. (A)	6,977		204,984
Axon Enterprise, Inc. (A)	16,591		942,037
Cubic Corp.	8,889		626,052
Ducommun, Inc. (A)	3,207		135,977
Kratos Defense & Security Solutions, Inc. (A)	25,670		477,334
Maxar Technologies, Inc.	17,383		132,111
Mercury Systems, Inc. (A)	15,140		1,228,914
Moog, Inc., Class A	8,894		721,481
National Presto Industries, Inc.	1,420		126,508
Park Aerospace Corp.	5,593		98,213
Parsons Corp. (A)	5,282		174,200
Triumph Group, Inc.	14,245		325,926
Vectrus, Inc. (A)	3,304		134,308

 

197

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Wesco Aircraft Holdings, Inc. (A)	15,051	$	165,712
			7,261,090
Air freight and logistics – 0.3%
Air Transport Services Group, Inc. (A)	16,832		353,809
Atlas Air Worldwide Holdings, Inc. (A)	6,675		168,410
Echo Global Logistics, Inc. (A)	8,078		182,967
Forward Air Corp.	8,134		518,298
Hub Group, Inc., Class A (A)	9,355		435,008
Radiant Logistics, Inc. (A)	12,310		63,643
			1,722,135
Airlines – 0.4%
Allegiant Travel Company	3,646		545,660
Hawaiian Holdings, Inc.	13,288		348,943
Mesa Air Group, Inc. (A)	6,555		44,213
SkyWest, Inc.	14,143		811,808
Spirit Airlines, Inc. (A)	19,229		698,013
			2,448,637
Building products – 1.5%
AAON, Inc.	11,651		535,247
Advanced Drainage Systems, Inc.	10,377		334,866
American Woodmark Corp. (A)	4,509		400,895
Apogee Enterprises, Inc.	7,494		292,191
Armstrong Flooring, Inc. (A)	6,361		40,647
Builders FirstSource, Inc. (A)	32,657		671,918
Caesarstone, Ltd.	6,844		113,679
Continental Building Products, Inc. (A)	9,908		270,389
Cornerstone Building Brands, Inc. (A)	13,619		82,395
CSW Industrials, Inc.	4,228		291,859
Gibraltar Industries, Inc. (A)	9,275		426,094
Griffon Corp.	10,662		223,582
Insteel Industries, Inc.	5,588		114,722
JELD-WEN Holding, Inc. (A)	19,404		374,303
Masonite International Corp. (A)	7,136		413,888
Patrick Industries, Inc. (A)	6,495		278,506
PGT Innovations, Inc. (A)	16,261		280,827
Quanex Building Products Corp.	9,807		177,311
Simpson Manufacturing Company, Inc.	12,600		874,062
Trex Company, Inc. (A)	16,615		1,510,802
Universal Forest Products, Inc.	16,841		671,619
			8,379,802
Commercial services and supplies – 2.8%
ABM Industries, Inc.	18,817		683,433
ACCO Brands Corp.	28,049		276,844
Advanced Disposal Services, Inc. (A)	20,537		668,890
Brady Corp., Class A	13,416		711,719
BrightView Holdings, Inc. (A)	8,991		154,196
Casella Waste Systems, Inc., Class A (A)	12,794		549,374
CECO Environmental Corp. (A)	9,597		67,035
Cimpress NV (A)(B)	6,215		819,386
Covanta Holding Corp.	33,700		582,673
Deluxe Corp.	12,211		600,293
Ennis, Inc.	7,877		159,194
Healthcare Services Group, Inc.	21,175		514,341
Heritage-Crystal Clean, Inc. (A)	4,618		122,377
Herman Miller, Inc.	16,773		773,068
HNI Corp.	12,231		434,201
Interface, Inc.	16,966		244,989
Kimball International, Inc., Class B	10,500		202,650
Knoll, Inc.	14,117		357,866
Matthews International Corp., Class A	8,969		317,413
McGrath RentCorp	6,873		478,292
Mobile Mini, Inc.	12,849		473,614
MSA Safety, Inc.	10,002		1,091,318
PICO Holdings, Inc. (A)	7,231		72,961

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Pitney Bowes, Inc.	49,792	$	227,549
Quad/Graphics, Inc.	9,944		104,511
RR Donnelley & Sons Company	21,878		82,480
SP Plus Corp. (A)	6,571		243,127
Steelcase, Inc., Class A	24,758		455,547
Team, Inc. (A)	8,772		158,335
Tetra Tech, Inc.	15,500		1,344,780
The Brink's Company	14,174		1,175,733
UniFirst Corp.	4,267		832,577
US Ecology, Inc.	6,359		406,594
Viad Corp.	5,597		375,839
VSE Corp.	2,753		93,850
			15,857,049
Construction and engineering – 1.1%
Aegion Corp. (A)	9,082		194,173
Ameresco, Inc., Class A (A)	6,772		108,826
Arcosa, Inc.	13,867		474,390
Argan, Inc.	4,081		160,342
Comfort Systems USA, Inc.	10,312		456,100
Construction Partners, Inc., Class A (A)	3,967		61,806
Dycom Industries, Inc. (A)	8,678		443,012
EMCOR Group, Inc.	15,736		1,355,184
Granite Construction, Inc.	13,330		428,293
Great Lakes Dredge & Dock Corp. (A)	17,655		184,495
IES Holdings, Inc. (A)	2,817		58,002
MasTec, Inc. (A)	16,933		1,099,460
MYR Group, Inc. (A)	4,774		149,378
Northwest Pipe Company (A)	3,163		89,038
NV5 Global, Inc. (A)	2,924		199,621
Primoris Services Corp.	12,734		249,714
Sterling Construction Company, Inc. (A)	8,066		106,068
Tutor Perini Corp. (A)	11,314		162,130
WillScot Corp. (A)	14,902		232,173
			6,212,205
Electrical equipment – 0.9%
Allied Motion Technologies, Inc.	2,233		78,847
American Superconductor Corp. (A)	6,912		54,190
Atkore International Group, Inc. (A)	13,177		399,922
AZZ, Inc.	7,421		323,259
Bloom Energy Corp., Class A (A)(B)	16,138		52,449
Encore Wire Corp.	5,848		329,125
EnerSys	12,052		794,709
Generac Holdings, Inc. (A)	17,275		1,353,324
Plug Power, Inc. (A)(B)	66,485		174,856
Powell Industries, Inc.	2,740		107,271
Preformed Line Products Company	1,103		60,213
Sunrun, Inc. (A)(B)	31,561		527,227
Thermon Group Holdings, Inc. (A)	9,534		219,091
TPI Composites, Inc. (A)	8,397		157,444
Vicor Corp. (A)	5,133		151,526
Vivint Solar, Inc. (A)(B)	13,106		85,713
			4,869,166
Industrial conglomerates – 0.1%
Raven Industries, Inc.	10,259		343,266
Machinery – 3.8%
Actuant Corp., Class A	15,788		346,389
Alamo Group, Inc.	2,762		325,143
Albany International Corp., Class A	8,253		744,090
Altra Industrial Motion Corp.	18,314		507,206
Astec Industries, Inc.	6,554		203,829
Barnes Group, Inc.	13,351		688,111
Blue Bird Corp. (A)	4,534		86,305
Briggs & Stratton Corp.	12,050		73,023
Chart Industries, Inc. (A)	10,097		629,649

 

198

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
CIRCOR International, Inc. (A)	5,628	$	211,331
Columbus McKinnon Corp.	6,639		241,859
Commercial Vehicle Group, Inc. (A)	9,350		67,414
Douglas Dynamics, Inc.	6,463		288,056
Energy Recovery, Inc. (A)(B)	11,026		102,156
EnPro Industries, Inc.	5,803		398,376
ESCO Technologies, Inc.	7,203		573,071
Evoqua Water Technologies Corp. (A)	21,536		366,543
Federal Signal Corp.	16,932		554,354
Franklin Electric Company, Inc.	13,099		626,263
Graham Corp.	3,100		61,566
Harsco Corp. (A)	22,725		430,866
Helios Technologies, Inc.	8,424		341,762
Hillenbrand, Inc.	17,557		542,160
Hurco Companies, Inc.	2,170		69,809
Hyster-Yale Materials Handling, Inc.	2,878		157,513
John Bean Technologies Corp.	8,843		879,259
Kadant, Inc.	3,087		271,008
Kennametal, Inc.	23,256		714,889
LB Foster Company, Class A (A)	3,295		71,403
Lindsay Corp.	3,079		285,885
Luxfer Holdings PLC	7,898		123,051
Lydall, Inc. (A)	5,112		127,340
Meritor, Inc. (A)	22,267		411,940
Milacron Holdings Corp. (A)	19,488		324,865
Miller Industries, Inc.	3,262		108,625
Mueller Industries, Inc.	15,955		457,589
Mueller Water Products, Inc., Class A	44,482		499,978
Navistar International Corp. (A)	14,151		397,785
NN, Inc.	12,673		90,358
Omega Flex, Inc.	831		84,970
Park-Ohio Holdings Corp.	2,731		81,548
Proto Labs, Inc. (A)	7,653		781,371
RBC Bearings, Inc. (A)	6,849		1,136,318
REV Group, Inc.	7,978		91,189
Rexnord Corp. (A)	29,811		806,388
Spartan Motors, Inc.	10,129		138,970
SPX Corp. (A)	12,326		493,163
SPX FLOW, Inc. (A)	11,835		467,009
Standex International Corp.	3,608		263,168
Tennant Company	5,111		361,348
Terex Corp.	17,851		463,590
The Gorman-Rupp Company	5,116		177,986
The Greenbrier Companies, Inc.	9,200		277,104
The Manitowoc Company, Inc. (A)	10,347		129,338
Titan International, Inc.	16,103		43,478
TriMas Corp. (A)	12,918		395,937
Twin Disc, Inc. (A)	3,586		37,976
Wabash National Corp.	15,142		219,710
Watts Water Technologies, Inc., Class A	7,747		726,126
Welbilt, Inc. (A)	36,849		621,274
			21,198,780
Marine – 0.1%
Costamare, Inc.	15,081		91,542
Eagle Bulk Shipping, Inc. (A)	13,971		61,123
Matson, Inc.	12,183		456,984
Scorpio Bulkers, Inc.	16,677		101,396
			711,045
Professional services – 1.6%
ASGN, Inc. (A)	14,551		914,676
Barrett Business Services, Inc.	2,090		185,634
BG Staffing, Inc.	3,103		59,298
CBIZ, Inc. (A)	14,572		342,442
CRA International, Inc.	2,440		102,407
Exponent, Inc.	14,670		1,025,433

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Forrester Research, Inc.	3,094	$	99,441
Franklin Covey Company (A)	3,068		107,380
FTI Consulting, Inc. (A)	10,584		1,121,798
GP Strategies Corp. (A)	4,188		53,774
Heidrick & Struggles International, Inc.	5,480		149,604
Huron Consulting Group, Inc. (A)	6,349		389,448
ICF International, Inc.	5,109		431,557
InnerWorkings, Inc. (A)	15,159		67,154
Insperity, Inc.	10,992		1,084,031
Kelly Services, Inc., Class A	9,398		227,620
Kforce, Inc.	6,267		237,112
Korn Ferry	16,018		618,936
Mistras Group, Inc. (A)	5,756		94,398
Navigant Consulting, Inc.	10,870		303,817
Resources Connection, Inc.	9,126		155,051
TriNet Group, Inc. (A)	12,702		789,937
TrueBlue, Inc. (A)	11,411		240,772
Upwork, Inc. (A)	15,821		210,498
Willdan Group, Inc. (A)	2,970		104,188
			9,116,406
Road and rail – 0.5%
ArcBest Corp.	7,483		227,857
Avis Budget Group, Inc. (A)	16,857		476,379
Covenant Transportation Group, Inc., Class A (A)	4,071		66,927
Daseke, Inc. (A)	16,035		40,088
Heartland Express, Inc.	13,434		288,965
Hertz Global Holdings, Inc. (A)	29,004		401,415
Marten Transport, Ltd.	11,670		242,503
Saia, Inc. (A)	7,393		692,724
Universal Logistics Holdings, Inc.	2,645		61,576
Werner Enterprises, Inc.	12,951		457,170
			2,955,604
Trading companies and distributors – 1.4%
Aircastle, Ltd.	14,622		327,971
Applied Industrial Technologies, Inc.	10,917		620,086
Beacon Roofing Supply, Inc. (A)	19,315		647,632
BlueLinx Holdings, Inc. (A)(B)	2,773		89,651
BMC Stock Holdings, Inc. (A)	18,923		495,404
CAI International, Inc. (A)	4,822		104,975
DXP Enterprises, Inc. (A)	4,759		165,232
EVI Industries, Inc.	1,439		45,933
Foundation Building Materials, Inc. (A)	4,442		68,807
GATX Corp.	10,065		780,339
GMS, Inc. (A)	9,193		264,023
H&E Equipment Services, Inc.	9,185		265,079
Herc Holdings, Inc. (A)	6,912		321,477
Kaman Corp.	7,858		467,237
Lawson Products, Inc. (A)	1,433		55,500
MRC Global, Inc. (A)	22,951		278,396
NOW, Inc. (A)	30,593		350,902
Rush Enterprises, Inc., Class A	7,558		291,588
Rush Enterprises, Inc., Class B	1,606		64,128
SiteOne Landscape Supply, Inc. (A)	11,544		854,487
Systemax, Inc.	3,662		80,601
Textainer Group Holdings, Ltd. (A)	8,392		83,165
Titan Machinery, Inc. (A)	5,748		82,426
Transcat, Inc. (A)	2,500		64,025
Triton International, Ltd.	15,704		531,423
Veritiv Corp. (A)	4,039		73,025
Willis Lease Finance Corp. (A)	984		54,494
			7,528,006
			88,603,191
Information technology – 13.1%

 

199

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment – 1.1%
Acacia Communications, Inc. (A)	10,640	$	695,856
ADTRAN, Inc.	13,476		152,885
Applied Optoelectronics, Inc. (A)(B)	5,721		64,190
CalAmp Corp. (A)	9,615		110,765
Calix, Inc. (A)	13,807		88,227
Casa Systems, Inc. (A)	9,839		77,285
Clearfield, Inc. (A)	3,483		41,274
Comtech Telecommunications Corp.	6,840		222,300
Digi International, Inc. (A)	8,530		116,179
Extreme Networks, Inc. (A)	33,881		246,484
Harmonic, Inc. (A)	25,519		167,915
Infinera Corp. (A)(B)	50,783		276,767
Inseego Corp. (A)(B)	13,570		65,136
InterDigital, Inc.	8,949		469,554
KVH Industries, Inc. (A)	5,101		54,326
Lumentum Holdings, Inc. (A)	21,672		1,160,752
NETGEAR, Inc. (A)	8,804		283,665
NetScout Systems, Inc. (A)	21,097		486,497
Plantronics, Inc.	9,552		356,481
Ribbon Communications, Inc. (A)	17,918		104,641
Viavi Solutions, Inc. (A)	65,194		913,042
			6,154,221
Electronic equipment, instruments and components – 2.5%
Airgain, Inc. (A)	3,024		35,532
Akoustis Technologies, Inc. (A)(B)	8,079		62,612
Anixter International, Inc. (A)	8,649		597,819
Arlo Technologies, Inc. (A)	23,124		78,853
AVX Corp.	13,184		200,397
Badger Meter, Inc.	8,073		433,520
Bel Fuse, Inc., Class B	3,220		48,397
Belden, Inc.	11,082		591,114
Benchmark Electronics, Inc.	10,588		307,687
CTS Corp.	9,230		298,683
Daktronics, Inc.	11,469		84,699
ePlus, Inc. (A)	3,829		291,349
Fabrinet (A)	10,299		538,638
FARO Technologies, Inc. (A)	4,958		239,719
Fitbit, Inc., Class A (A)(B)	63,241		240,948
II-VI, Inc. (A)(B)	25,267		889,637
Insight Enterprises, Inc. (A)	10,074		561,021
Iteris, Inc. (A)	10,849		62,328
Itron, Inc. (A)	9,779		723,255
KEMET Corp.	16,195		294,425
Kimball Electronics, Inc. (A)	7,200		104,472
Knowles Corp. (A)	23,060		469,040
Methode Electronics, Inc.	10,299		346,458
MTS Systems Corp.	5,088		281,112
Napco Security Technologies, Inc. (A)	3,319		84,701
nLight, Inc. (A)	9,417		147,470
Novanta, Inc. (A)	9,527		778,546
OSI Systems, Inc. (A)	4,722		479,566
PAR Technology Corp. (A)(B)	3,233		76,848
PC Connection, Inc.	3,273		127,320
Plexus Corp. (A)	8,251		515,770
Rogers Corp. (A)	5,256		718,548
Sanmina Corp. (A)	19,069		612,306
ScanSource, Inc. (A)	7,329		223,901
Tech Data Corp. (A)	10,303		1,073,985
TTM Technologies, Inc. (A)	28,427		346,667
Vishay Intertechnology, Inc.	37,375		632,759
Vishay Precision Group, Inc. (A)	3,073		100,610
			13,700,712
IT services – 2.2%
Brightcove, Inc. (A)	11,518		120,709
Carbonite, Inc. (A)	9,520		147,465

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Cardtronics PLC, Class A (A)	10,668	$	322,600
Cass Information Systems, Inc.	4,146		223,843
Conduent, Inc. (A)	49,710		309,196
CSG Systems International, Inc.	9,304		480,831
Endurance International Group Holdings, Inc. (A)	21,399		80,246
EVERTEC, Inc.	17,138		535,048
Evo Payments, Inc., Class A (A)	9,346		262,810
ExlService Holdings, Inc. (A)	9,556		639,870
GTT Communications, Inc. (A)(B)	9,625		90,668
I3 Verticals, Inc., Class A (A)	3,779		76,033
International Money Express, Inc. (A)(B)	4,140		56,884
KBR, Inc.	40,097		983,980
Limelight Networks, Inc. (A)	34,632		104,935
LiveRamp Holdings, Inc. (A)	19,113		821,094
ManTech International Corp., Class A	7,580		541,288
MAXIMUS, Inc.	17,938		1,385,890
NIC, Inc.	18,835		388,943
Paysign, Inc. (A)(B)	8,768		88,557
Perficient, Inc. (A)	9,205		355,129
Perspecta, Inc.	40,156		1,048,875
Presidio, Inc.	13,447		227,254
PRGX Global, Inc. (A)	6,733		34,675
Science Applications International Corp.	16,803		1,467,742
StarTek, Inc. (A)	5,870		37,979
Sykes Enterprises, Inc. (A)	11,015		337,500
The Hackett Group, Inc.	7,314		120,388
TTEC Holdings, Inc.	4,161		199,229
Tucows, Inc., Class A (A)(B)	2,747		148,778
Unisys Corp. (A)(B)	14,781		109,823
Verra Mobility Corp. (A)	31,840		456,904
Virtusa Corp. (A)	8,238		296,733
			12,501,899
Semiconductors and semiconductor equipment – 2.6%
Adesto Technologies Corp. (A)(B)	8,377		71,707
Advanced Energy Industries, Inc. (A)	10,836		622,095
Alpha & Omega Semiconductor, Ltd. (A)	6,217		76,345
Ambarella, Inc. (A)	8,914		560,111
Amkor Technology, Inc. (A)	27,597		251,133
Axcelis Technologies, Inc. (A)	9,424		161,056
AXT, Inc. (A)	11,517		41,001
Brooks Automation, Inc.	20,176		747,117
Cabot Microelectronics Corp.	8,199		1,157,781
CEVA, Inc. (A)	6,476		193,373
Cirrus Logic, Inc. (A)	16,434		880,534
Cohu, Inc.	11,712		158,171
Diodes, Inc. (A)	11,607		466,021
DSP Group, Inc. (A)	6,548		92,229
Enphase Energy, Inc. (A)	26,086		579,892
FormFactor, Inc. (A)	21,119		393,764
GSI Technology, Inc. (A)	5,134		44,974
Ichor Holdings, Ltd. (A)	6,340		153,301
Impinj, Inc. (A)(B)	4,267		131,552
Inphi Corp. (A)	12,714		776,190
Lattice Semiconductor Corp. (A)	35,445		648,112
MACOM Technology Solutions Holdings, Inc. (A)	13,152		282,702
MaxLinear, Inc. (A)	18,513		414,321
Nanometrics, Inc. (A)	6,690		218,228
NeoPhotonics Corp. (A)	11,162		67,977
NVE Corp.	1,456		96,606
PDF Solutions, Inc. (A)	8,641		112,938
Photronics, Inc. (A)	18,156		197,537
Power Integrations, Inc.	7,972		720,908
Rambus, Inc. (A)	31,101		408,201

 

200

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Rudolph Technologies, Inc. (A)	8,759	$	230,887
Semtech Corp. (A)	18,724		910,174
Silicon Laboratories, Inc. (A)	12,140		1,351,789
SMART Global Holdings, Inc. (A)	3,752		95,601
SunPower Corp. (A)(B)	18,085		198,392
Synaptics, Inc. (A)	9,538		381,043
Ultra Clean Holdings, Inc. (A)	11,312		165,551
Veeco Instruments, Inc. (A)	14,071		164,349
Xperi Corp.	13,935		288,176
			14,511,839
Software – 4.5%
8x8, Inc. (A)(B)	26,598		551,111
A10 Networks, Inc. (A)	16,801		116,599
ACI Worldwide, Inc. (A)	31,717		993,535
Agilysys, Inc. (A)	5,500		140,855
Alarm.com Holdings, Inc. (A)	10,496		489,533
Altair Engineering, Inc., Class A (A)	11,000		380,820
American Software, Inc., Class A	9,015		135,405
Appfolio, Inc., Class A (A)	4,326		411,576
Appian Corp. (A)(B)	8,913		423,368
Avaya Holdings Corp. (A)	31,583		323,094
Benefitfocus, Inc. (A)	8,600		204,766
Blackbaud, Inc.	13,900		1,255,726
Blackline, Inc. (A)	12,166		581,656
Bottomline Technologies DE, Inc. (A)	12,247		481,919
Box, Inc., Class A (A)	40,811		675,830
Carbon Black, Inc. (A)	16,120		418,959
ChannelAdvisor Corp. (A)	8,314		77,570
Cision, Ltd. (A)	26,342		202,570
Cloudera, Inc. (A)(B)	67,700		599,822
CommVault Systems, Inc. (A)	11,061		494,537
Cornerstone OnDemand, Inc. (A)	15,987		876,407
Digimarc Corp. (A)(B)	3,326		130,013
Digital Turbine, Inc. (A)	23,303		150,188
Domo, Inc., Class B (A)(B)	5,035		80,459
Ebix, Inc. (B)	6,630		279,123
eGain Corp. (A)	6,676		53,441
Envestnet, Inc. (A)	13,599		771,063
Everbridge, Inc. (A)	9,269		571,990
Five9, Inc. (A)	16,779		901,703
ForeScout Technologies, Inc. (A)	11,664		442,299
GTY Technology Holdings, Inc. (A)(B)	11,192		70,174
Instructure, Inc. (A)(B)	9,596		371,749
Intelligent Systems Corp. (A)(B)	2,082		86,486
j2 Global, Inc.	13,234		1,201,912
LivePerson, Inc. (A)	17,464		623,465
MicroStrategy, Inc., Class A (A)	2,313		343,180
Mitek Systems, Inc. (A)	10,873		104,924
MobileIron, Inc. (A)	28,304		185,250
Model N, Inc. (A)	9,486		263,331
Monotype Imaging Holdings, Inc.	11,595		229,697
OneSpan, Inc. (A)	9,578		138,881
Progress Software Corp.	12,670		482,220
PROS Holdings, Inc. (A)	9,370		558,452
Q2 Holdings, Inc. (A)	11,965		943,680
QAD, Inc., Class A	3,272		151,101
Qualys, Inc. (A)	9,658		729,855
Rapid7, Inc. (A)	13,720		622,751
SailPoint Technologies Holding, Inc. (A)	24,550		458,840
ShotSpotter, Inc. (A)	2,346		54,028
SPS Commerce, Inc. (A)	10,155		477,996
SVMK, Inc. (A)	24,041		411,101
Synchronoss Technologies, Inc. (A)	11,822		63,839
Telaria, Inc. (A)	13,234		91,447
Telenav, Inc. (A)	9,833		47,002

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Tenable Holdings, Inc. (A)	10,616	$	237,586
TiVo Corp.	35,567		270,843
Upland Software, Inc. (A)	6,413		223,557
Varonis Systems, Inc. (A)	8,480		506,934
Verint Systems, Inc. (A)	18,560		793,997
VirnetX Holding Corp. (A)(B)	17,830		96,282
Workiva, Inc. (A)	10,138		444,349
Yext, Inc. (A)	26,564		422,102
Zix Corp. (A)	15,561		112,662
Zuora, Inc., Class A (A)(B)	24,454		368,033
			25,403,643
Technology hardware, storage and peripherals – 0.2%
3D Systems Corp. (A)(B)	32,716		266,635
AstroNova, Inc.	2,237		36,172
Avid Technology, Inc. (A)	8,669		53,661
Diebold Nixdorf, Inc. (A)	22,270		249,424
Immersion Corp. (A)	9,951		76,125
Stratasys, Ltd. (A)	14,699		313,162
			995,179
			73,267,493
Materials – 3.7%
Chemicals – 1.9%
A. Schulman, Inc. (A)(C)	7,553		3,270
Advanced Emissions Solutions, Inc. (B)	5,208		77,287
AdvanSix, Inc. (A)	7,929		203,934
American Vanguard Corp.	8,529		133,905
Amyris, Inc. (A)(B)	11,846		56,387
Balchem Corp.	9,150		907,589
Chase Corp.	2,073		226,765
Ferro Corp. (A)	23,274		276,030
Flotek Industries, Inc. (A)	17,397		38,273
FutureFuel Corp.	7,728		92,272
GCP Applied Technologies, Inc. (A)	15,403		296,508
Hawkins, Inc.	2,979		126,608
HB Fuller Company	14,473		673,863
Ingevity Corp. (A)	11,920		1,011,293
Innophos Holdings, Inc.	5,809		188,560
Innospec, Inc.	6,896		614,709
Intrepid Potash, Inc. (A)	29,479		96,396
Koppers Holdings, Inc. (A)	5,442		158,961
Kraton Corp. (A)	8,999		290,578
Kronos Worldwide, Inc.	6,795		84,054
Livent Corp. (A)	41,815		279,742
Minerals Technologies, Inc.	10,075		534,882
OMNOVA Solutions, Inc. (A)	13,042		131,333
Orion Engineered Carbons SA	16,978		283,702
PolyOne Corp.	21,799		711,737
PQ Group Holdings, Inc. (A)	10,244		163,289
Quaker Chemical Corp.	3,716		587,648
Rayonier Advanced Materials, Inc.	14,873		64,400
Sensient Technologies Corp.	11,944		819,956
Stepan Company	5,789		561,880
Trecora Resources (A)	6,629		59,794
Tredegar Corp.	7,823		152,705
Trinseo SA	11,480		493,066
Tronox Holdings PLC, Class A	26,323		218,481
			10,619,857
Construction materials – 0.2%
Summit Materials, Inc., Class A (A)	32,142		713,552
U.S. Concrete, Inc. (A)	4,533		250,584
United States Lime & Minerals, Inc.	626		47,889
			1,012,025

 

201

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging – 0.1%
Greif, Inc., Class A	7,385	$	279,818
Greif, Inc., Class B	1,587		72,304
Myers Industries, Inc.	10,370		183,031
UFP Technologies, Inc. (A)	2,164		83,530
			618,683
Metals and mining – 1.1%
1911 Gold Corp. (A)	5,045		1,110
AK Steel Holding Corp. (A)(B)	91,428		207,542
Allegheny Technologies, Inc. (A)	35,861		726,185
Carpenter Technology Corp.	13,469		695,809
Century Aluminum Company (A)	15,305		101,549
Cleveland-Cliffs, Inc. (B)	76,619		553,189
Coeur Mining, Inc. (A)	61,682		296,690
Commercial Metals Company	33,633		584,542
Compass Minerals International, Inc.	9,784		552,698
Gold Resource Corp.	18,398		56,114
Haynes International, Inc.	3,865		138,522
Hecla Mining Company	138,485		243,734
Kaiser Aluminum Corp.	4,625		457,736
Materion Corp.	5,796		355,643
Novagold Resources, Inc. (A)	65,248		396,055
Schnitzer Steel Industries, Inc., Class A	7,571		156,417
SunCoke Energy, Inc. (A)	20,951		118,164
Synalloy Corp.	3,005		47,930
TimkenSteel Corp. (A)	12,301		77,373
Warrior Met Coal, Inc.	14,573		284,465
Worthington Industries, Inc.	11,078		399,362
			6,450,829
Paper and forest products – 0.4%
Boise Cascade Company	11,074		360,902
Clearwater Paper Corp. (A)	5,008		105,769
Louisiana-Pacific Corp.	35,021		860,816
Neenah, Inc.	4,822		314,009
PH Glatfelter Company	12,768		196,500
Schweitzer-Mauduit International, Inc.	8,856		331,569
Verso Corp., Class A (A)	10,024		124,097
			2,293,662
			20,995,056
Real estate – 8.0%
Equity real estate investment trusts – 7.4%
Acadia Realty Trust	23,119		660,741
Agree Realty Corp.	10,993		804,138
Alexander & Baldwin, Inc.	19,660		481,867
Alexander's, Inc.	616		214,621
American Assets Trust, Inc.	13,146		614,444
American Finance Trust, Inc.	30,684		428,349
Armada Hoffler Properties, Inc.	15,057		272,381
Ashford Hospitality Trust, Inc.	29,011		96,026
Bluerock Residential Growth REIT, Inc.	7,601		89,464
Braemar Hotels & Resorts, Inc.	9,302		87,346
BRT Apartments Corp.	3,530		51,467
CareTrust REIT, Inc.	27,224		639,900
CatchMark Timber Trust, Inc., Class A	15,601		166,463
CBL & Associates Properties, Inc.	58,601		75,595
Cedar Realty Trust, Inc.	31,865		95,595
Chatham Lodging Trust	13,102		237,801
City Office REIT, Inc.	12,195		175,486
Clipper Realty, Inc.	5,889		60,009
Community Healthcare Trust, Inc.	5,177		230,635
CoreCivic, Inc.	33,861		585,118
CorEnergy Infrastructure Trust, Inc.	3,856		182,080
CorePoint Lodging, Inc.	12,565		127,032
DiamondRock Hospitality Company	56,737		581,554
Easterly Government Properties, Inc.	20,990		447,087

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
EastGroup Properties, Inc.	10,097	$	1,262,327
Essential Properties Realty Trust, Inc.	20,742		475,199
Farmland Partners, Inc.	9,307		62,171
First Industrial Realty Trust, Inc.	35,350		1,398,446
Four Corners Property Trust, Inc.	19,326		546,539
Franklin Street Properties Corp.	30,541		258,377
Front Yard Residential Corp.	14,728		170,256
Getty Realty Corp.	9,340		299,440
Gladstone Commercial Corp.	9,147		214,955
Gladstone Land Corp.	7,008		83,360
Global Medical REIT, Inc.	9,292		105,929
Global Net Lease, Inc.	23,745		463,028
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	17,562		511,932
Healthcare Realty Trust, Inc.	35,986		1,205,531
Hersha Hospitality Trust	10,120		150,586
Independence Realty Trust, Inc.	25,632		366,794
Industrial Logistics Properties Trust	18,282		388,493
Innovative Industrial Properties, Inc.	3,042		280,990
Investors Real Estate Trust	3,500		261,345
iStar, Inc.	17,844		232,864
Jernigan Capital, Inc.	6,255		120,409
Kite Realty Group Trust	23,311		376,473
Lexington Realty Trust	64,973		665,973
LTC Properties, Inc.	11,085		567,774
Mack-Cali Realty Corp.	25,868		560,301
Monmouth Real Estate Investment Corp.	25,873		372,830
National Health Investors, Inc.	11,715		965,199
National Storage Affiliates Trust	16,152		538,992
New Senior Investment Group, Inc.	25,205		168,369
NexPoint Residential Trust, Inc.	5,433		254,047
Office Properties Income Trust	13,990		428,654
One Liberty Properties, Inc.	4,892		134,677
Pebblebrook Hotel Trust	36,856		1,025,334
Pennsylvania Real Estate Investment Trust	21,418		122,511
Physicians Realty Trust	52,227		927,029
Piedmont Office Realty Trust, Inc., Class A	35,022		731,259
PotlatchDeltic Corp.	18,987		780,081
Preferred Apartment Communities, Inc., Class A	12,688		183,342
PS Business Parks, Inc.	5,524		1,005,092
QTS Realty Trust, Inc., Class A	15,503		797,009
Retail Opportunity Investments Corp.	32,220		587,371
Retail Value, Inc.	4,540		168,162
Rexford Industrial Realty, Inc.	30,182		1,328,612
RLJ Lodging Trust	48,759		828,415
RPT Realty	22,166		300,349
Ryman Hospitality Properties, Inc.	12,970		1,061,076
Sabra Health Care REIT, Inc.	52,492		1,205,216
Safehold, Inc.	2,867		87,444
Saul Centers, Inc.	3,432		187,078
Senior Housing Properties Trust	67,841		627,868
Seritage Growth Properties, Class A	9,305		395,369
Spirit MTA REIT	4,119		34,764
STAG Industrial, Inc.	35,753		1,053,998
Summit Hotel Properties, Inc.	30,167		349,937
Sunstone Hotel Investors, Inc.	64,270		883,070
Tanger Factory Outlet Centers, Inc.	26,026		402,882
Terreno Realty Corp.	17,518		894,995
The GEO Group, Inc.	33,869		587,288
UMH Properties, Inc.	11,118		156,541
Uniti Group, Inc.	53,178		412,927
Universal Health Realty Income Trust	3,654		375,631

 

202

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Urban Edge Properties	32,807	$	649,251
Urstadt Biddle Properties, Inc., Class A	8,748		207,328
Washington Prime Group, Inc.	54,249		224,591
Washington Real Estate Investment Trust	22,734		622,002
Whitestone REIT	11,345		156,107
Xenia Hotels & Resorts, Inc.	32,114		678,248
			41,335,636
Real estate management and development – 0.6%
Consolidated-Tomoka Land Company	1,686		110,602
Cushman & Wakefield PLC (A)	29,183		540,761
eXp World Holdings, Inc. (A)(B)	5,308		44,481
Forestar Group, Inc. (A)(B)	3,415		62,426
FRP Holdings, Inc. (A)	2,245		107,805
Kennedy-Wilson Holdings, Inc.	35,214		771,891
Marcus & Millichap, Inc. (A)	6,600		234,234
Newmark Group, Inc., Class A	41,563		376,561
Rafael Holdings, Inc., Class B (A)	3,233		67,764
RE/MAX Holdings, Inc., Class A	5,223		167,972
Realogy Holdings Corp. (B)	32,725		218,603
Redfin Corp. (A)	25,508		429,555
Tejon Ranch Company (A)	6,656		112,952
The RMR Group, Inc., Class A	4,032		183,375
The St. Joe Company (A)	9,986		171,060
			3,600,042
			44,935,678
Utilities – 4.0%
Electric utilities – 1.1%
ALLETE, Inc.	14,614		1,277,410
El Paso Electric Company	11,567		775,914
Genie Energy, Ltd., B Shares	5,338		39,821
MGE Energy, Inc.	10,065		803,892
Otter Tail Corp.	11,029		592,809
PNM Resources, Inc.	22,549		1,174,352
Portland General Electric Company	25,211		1,421,144
Spark Energy, Inc., Class A	4,328		45,660
			6,131,002
Gas utilities – 1.3%
Chesapeake Utilities Corp.	4,516		430,465
New Jersey Resources Corp.	25,095		1,134,796
Northwest Natural Holding Company	8,259		589,197
ONE Gas, Inc.	14,708		1,413,586
RGC Resources, Inc.	2,445		71,492
South Jersey Industries, Inc.	26,397		868,725
Southwest Gas Holdings, Inc.	15,047		1,369,879
Spire, Inc.	13,938		1,215,951
			7,094,091
Independent power and renewable electricity producers – 0.4%
Atlantic Power Corp. (A)	37,148		86,926
Clearway Energy, Inc., Class A	11,026		191,191
Clearway Energy, Inc., Class C	19,976		364,562
Ormat Technologies, Inc.	11,237		834,797
Pattern Energy Group, Inc., Class A	25,614		689,785
TerraForm Power, Inc., Class A	20,993		382,597
			2,549,858
Multi-utilities – 0.6%
Avista Corp.	18,626		902,243
Black Hills Corp.	17,063		1,309,244
NorthWestern Corp.	14,248		1,069,312
Unitil Corp.	4,267		270,698
			3,551,497

Small Cap Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Water utilities – 0.6%
American States Water Company		10,352	$	930,231
AquaVenture Holdings, Ltd. (A)		3,945		76,651
Artesian Resources Corp., Class A		2,628		97,236
Cadiz, Inc. (A)(B)		5,224		65,248
California Water Service Group		13,694		724,823
Connecticut Water Service, Inc.		3,581		250,885
Consolidated Water Company, Ltd.		6,004		99,006
Middlesex Water Company		4,715		306,286
SJW Group		7,551		515,658
The York Water Company		3,985		173,985
				3,240,009
				22,566,457
TOTAL COMMON STOCKS (Cost $461,663,229)			$	547,496,901
PREFERRED SECURITIES – 0.0%
Communication services – 0.0%
Diversified telecommunication services – 0.0%
GCI Liberty, Inc., 7.000% (B)		1,451		38,060
TOTAL PREFERRED SECURITIES (Cost $7,218)			$	38,060
RIGHTS – 0.0%
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(C)(D)		88,114		22,716
TOTAL RIGHTS (Cost $26,845)			$	22,716
SECURITIES LENDING COLLATERAL – 5.8%
John Hancock Collateral Trust, 2.1169% (E)(F)		3,239,448		32,416,185
TOTAL SECURITIES LENDING COLLATERAL (Cost $32,417,056)			$	32,416,185
SHORT-TERM INVESTMENTS – 2.5%
U.S. Government Agency – 1.8%
Federal Home Loan Bank Discount Note 2.020%, 10/15/2019 *	$	10,000,000		9,992,689
Repurchase agreement – 0.7%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $3,929,087 on 10-1-19, collateralized by $3,920,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $4,010,670, including interest)		3,929,000		3,929,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,921,145)			$	13,921,689
Total Investments (Small Cap Index Trust) (Cost $508,035,493) – 105.7%			$	593,895,551
Other assets and liabilities, net – (5.7%)				(31,894,728)
TOTAL NET ASSETS – 100.0%			$	562,000,823

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $31,405,300.
(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 9-30-19.
(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.

 

203

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	215	Long	Dec 2019	$16,964,990	$16,393,750	$(571,240)
						$(571,240)

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

Small Cap Opportunities Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.2%
Communication services – 2.1%
Diversified telecommunication services – 0.2%
ATN International, Inc.	1,524	$	88,956
Cincinnati Bell, Inc. (A)	1,172		5,942
Consolidated Communications Holdings, Inc.	2,508		11,938
Frontier Communications Corp. (A)(B)	7,744		6,714
Iridium Communications, Inc. (A)	5,838		124,233
			237,783
Entertainment – 0.3%
AMC Entertainment Holdings, Inc., Class A (B)	4,473		47,861
Ballantyne Strong, Inc. (A)	1,114		3,465
Cinemark Holdings, Inc.	1,869		72,218
IMAX Corp. (A)	2,820		61,899
Lions Gate Entertainment Corp., Class A (A)	4,062		37,574
Lions Gate Entertainment Corp., Class B (A)	5,798		50,675
Reading International, Inc., Class A (A)	1,100		13,156
The Marcus Corp.	2,916		107,921
			394,769
Interactive media and services – 0.1%
Cars.com, Inc. (A)	6,379		57,283
DHI Group, Inc. (A)	5,212		20,066
Liberty TripAdvisor Holdings, Inc., Class A (A)	4,522		42,552
The Meet Group, Inc. (A)	2,642		8,653
Yelp, Inc. (A)	535		18,591
			147,145
Media – 1.2%
A.H. Belo Corp., Class A	4,238		15,893
Beasley Broadcast Group, Inc., Class A	502		1,556
Emerald Expositions Events, Inc.	701		6,821
Entercom Communications Corp., Class A	1,442		4,816
Entravision Communications Corp., Class A	5,075		16,139
Gannett Company, Inc.	8,543		91,752
Gray Television, Inc. (A)	7,587		123,820
Hemisphere Media Group, Inc. (A)	951		11,621
John Wiley & Sons, Inc., Class A	1,759		77,290
Liberty Latin America, Ltd., Class A (A)	2,622		44,758
Liberty Latin America, Ltd., Class C (A)	5,793		99,031
Media General, Inc. (A)(C)	292		28
Meredith Corp.	3,097		113,536
New Media Investment Group, Inc. (B)	2,560		22,554
News Corp., Class A	20,691		288,019
News Corp., Class B	10,415		148,882
Nexstar Media Group, Inc., Class A	2,212		226,310
Salem Media Group, Inc.	4,439		6,792
Scholastic Corp.	2,233		84,318

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Sinclair Broadcast Group, Inc., Class A	1,839	$	78,599
TEGNA, Inc.	6,933		107,669
The EW Scripps Company, Class A	5,843		77,595
			1,647,799
Wireless telecommunication services – 0.3%
Spok Holdings, Inc.	3,863		46,124
Telephone & Data Systems, Inc.	9,768		252,014
United States Cellular Corp. (A)	3,059		114,957
			413,095
			2,840,591
Consumer discretionary – 14.0%
Auto components – 1.9%
Adient PLC	4,046		92,896
American Axle & Manufacturing Holdings, Inc. (A)	7,509		61,724
BorgWarner, Inc.	10,182		373,476
Cooper Tire & Rubber Company	5,058		132,115
Cooper-Standard Holdings, Inc. (A)	1,311		53,594
Dana, Inc.	4,281		61,818
Fox Factory Holding Corp. (A)	11,094		690,491
Gentex Corp.	6,612		182,061
Gentherm, Inc. (A)	1,190		48,891
Horizon Global Corp. (A)	878		3,354
Lear Corp.	2,935		346,037
Modine Manufacturing Company (A)	6,862		78,021
Motorcar Parts of America, Inc. (A)	1,585		26,787
Shiloh Industries, Inc. (A)	1,515		6,272
Standard Motor Products, Inc.	3,063		148,709
Stoneridge, Inc. (A)	1,672		51,782
Strattec Security Corp.	924		18,462
Superior Industries International, Inc.	3,067		8,864
Tenneco, Inc., Class A	1,350		16,902
The Goodyear Tire & Rubber Company	14,684		211,523
			2,613,779
Automobiles – 0.2%
Harley-Davidson, Inc.	2,858		102,802
Thor Industries, Inc.	1,297		73,462
Winnebago Industries, Inc.	1,336		51,236
			227,500
Distributors – 0.4%
Core-Mark Holding Company, Inc.	1,227		39,405
Pool Corp.	2,448		493,762
Weyco Group, Inc.	1,316		29,755
			562,922
Diversified consumer services – 1.4%
Adtalem Global Education, Inc. (A)	5,078		193,421
American Public Education, Inc. (A)	1,450		32,393
Career Education Corp. (A)	3,146		49,990
Carriage Services, Inc.	1,797		36,731
Graham Holdings Company, Class B	424		281,303

 

204

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Grand Canyon Education, Inc. (A)	10,273	$	1,008,794
Houghton Mifflin Harcourt Company (A)	5,833		31,090
K12, Inc. (A)	3,438		90,763
Laureate Education, Inc., Class A  (A)	1,275		21,133
Lincoln Educational Services Corp. (A)	1,100		2,288
Regis Corp. (A)	3,827		77,382
Universal Technical Institute, Inc. (A)	3,087		16,793
Zovio, Inc. (A)	3,463		6,822
			1,848,903
Hotels, restaurants and leisure – 1.5%
Aramark	7,421		323,407
Ark Restaurants Corp.	64		1,297
BBX Capital Corp.	1,743		8,140
Biglari Holdings, Inc., Class A (A)	3		1,684
Biglari Holdings, Inc., Class B (A)	102		11,118
Boyd Gaming Corp.	873		20,908
Carrols Restaurant Group, Inc. (A)	1,688		13,994
Churchill Downs, Inc.	5,343		659,620
Chuy's Holdings, Inc. (A)	15,291		378,605
Del Taco Restaurants, Inc. (A)	2,438		24,929
Dine Brands Global, Inc.	212		16,082
Dover Motorsports, Inc.	400		792
El Pollo Loco Holdings, Inc. (A)	2,613		28,638
Eldorado Resorts, Inc. (A)	683		27,231
Extended Stay America, Inc.	1,387		20,306
Fiesta Restaurant Group, Inc. (A)	1,348		14,046
International Game Technology PLC (B)	6,958		98,873
Luby's, Inc. (A)	6,251		11,898
Marriott Vacations Worldwide Corp.	2,056		213,022
Monarch Casino & Resort, Inc. (A)	1,278		53,280
Playa Hotels & Resorts NV (A)	1,326		10,383
Potbelly Corp. (A)	2,073		9,038
RCI Hospitality Holdings, Inc.	1,603		33,150
Red Lion Hotels Corp. (A)	3,000		19,440
Red Robin Gourmet Burgers, Inc. (A)	1,300		43,238
			2,043,119
Household durables – 2.7%
Bassett Furniture Industries, Inc.	2,333		35,695
Cavco Industries, Inc. (A)	606		116,407
Century Communities, Inc. (A)	1,640		50,233
CSS Industries, Inc.	976		3,875
Emerson Radio Corp. (A)	4,869		4,811
Ethan Allen Interiors, Inc.	1,706		32,585
Flexsteel Industries, Inc.	1,750		25,935
Hooker Furniture Corp.	2,121		45,474
KB Home	6,043		205,462
La-Z-Boy, Inc.	5,318		178,632
Libbey, Inc. (A)	1,103		3,695
Lifetime Brands, Inc.	2,931		25,939
M/I Homes, Inc. (A)	2,195		82,642
MDC Holdings, Inc.	5,177		223,129
Meritage Homes Corp. (A)	3,432		241,441
Mohawk Industries, Inc. (A)	3,411		423,203
Newell Brands, Inc.	18,186		340,442
PulteGroup, Inc.	8,957		327,378
Taylor Morrison Home Corp. (A)	5,267		136,626
The New Home Company, Inc. (A)	831		3,623
Toll Brothers, Inc.	13,601		558,321
TopBuild Corp. (A)	2,306		222,368
TRI Pointe Group, Inc. (A)	14,659		220,471
Universal Electronics, Inc. (A)	521		26,519
VOXX International Corp. (A)	3,131		14,716
William Lyon Homes, Class A (A)	2,694		54,850
			3,604,472

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Internet and direct marketing retail – 0.2%
1-800-Flowers.com, Inc., Class A (A)	3,234	$	47,847
Liquidity Services, Inc. (A)	1,691		12,513
Qurate Retail, Inc., Series A (A)	17,318		178,635
The Rubicon Project, Inc. (A)	4,652		40,519
			279,514
Leisure products – 0.3%
Acushnet Holdings Corp.	537		14,177
American Outdoor Brands Corp. (A)	859		5,025
Callaway Golf Company	9,628		186,879
Escalade, Inc.	3,529		38,431
JAKKS Pacific, Inc. (A)	2,278		1,948
Johnson Outdoors, Inc., Class A	1,241		72,673
Nautilus, Inc. (A)	1,580		2,133
Vista Outdoor, Inc. (A)	3,475		21,510
			342,776
Multiline retail – 0.8%
Big Lots, Inc.	1,102		26,999
Dillard's, Inc., Class A (B)	2,639		174,464
J.C. Penney Company, Inc. (A)(B)	23,315		20,725
Kohl's Corp.	6,748		335,106
Macy's, Inc.	15,246		236,923
Ollie's Bargain Outlet Holdings, Inc. (A)	5,053		296,308
Tuesday Morning Corp. (A)	2,100		3,297
			1,093,822
Specialty retail – 3.5%
Aaron's, Inc.	3,970		255,112
Abercrombie & Fitch Company, Class A	5,916		92,290
American Eagle Outfitters, Inc.	7,348		119,185
America's Car-Mart, Inc. (A)	820		75,194
Ascena Retail Group, Inc. (A)	11,786		3,113
At Home Group, Inc. (A)	448		4,310
AutoNation, Inc. (A)	6,822		345,875
Barnes & Noble Education, Inc. (A)	6,174		19,263
Bed Bath & Beyond, Inc. (B)	9,468		100,740
Big 5 Sporting Goods Corp. (B)	2,004		4,168
Boot Barn Holdings, Inc. (A)	2,280		79,572
Build-A-Bear Workshop, Inc. (A)	2,470		7,781
Caleres, Inc.	4,873		114,077
Chico's FAS, Inc.	9,163		36,927
Citi Trends, Inc.	1,533		28,054
Conn's, Inc. (A)	76		1,889
Designer Brands, Inc., Class A	6,370		109,054
Dick's Sporting Goods, Inc.	4,295		175,279
Express, Inc. (A)	3,676		12,645
Five Below, Inc. (A)	6,633		836,421
Foot Locker, Inc.	5,430		234,359
Francesca's Holdings Corp. (A)	119		1,665
GameStop Corp., Class A (B)	10,093		55,713
Genesco, Inc. (A)	1,511		60,470
Group 1 Automotive, Inc.	1,693		156,281
Guess?, Inc. (B)	6,368		117,999
Haverty Furniture Companies, Inc.	1,920		38,918
Hibbett Sports, Inc. (A)	1,307		29,930
Lithia Motors, Inc., Class A	4,251		562,747
MarineMax, Inc. (A)	2,496		38,638
Office Depot, Inc.	33,557		58,893
Party City Holdco, Inc. (A)	633		3,614
Penske Automotive Group, Inc.	5,391		254,886
Pier 1 Imports, Inc. (A)(B)	335		3,256
Rent-A-Center, Inc.	1,084		27,956
RTW RetailWinds, Inc.  (A)	5,638		7,724
Shoe Carnival, Inc.	1,632		52,893
Signet Jewelers, Ltd. (B)	4,374		73,308
Sonic Automotive, Inc., Class A	1,811		56,884

 

205

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Tandy Leather Factory, Inc. (A)	1,690	$	7,909
The Cato Corp., Class A	1,957		34,463
The Gap, Inc.	11,572		200,890
Tile Shop Holdings, Inc.	1,300		4,147
Tilly's, Inc., Class A	712		6,721
Trans World Entertainment Corp. (A)	312		927
Urban Outfitters, Inc. (A)	4,660		130,899
Vitamin Shoppe, Inc. (A)	1,983		12,929
Zumiez, Inc. (A)	2,122		67,214
			4,723,182
Textiles, apparel and luxury goods – 1.1%
Capri Holdings, Ltd. (A)	6,347		210,467
Culp, Inc.	334		5,444
Delta Apparel, Inc. (A)	500		11,875
Fossil Group, Inc. (A)	1,707		21,355
G-III Apparel Group, Ltd. (A)	3,397		87,541
Lakeland Industries, Inc. (A)	1,110		13,498
Movado Group, Inc.	1,758		43,704
Oxford Industries, Inc.	5,889		422,241
PVH Corp.	3,078		271,572
Rocky Brands, Inc.	1,478		49,114
Superior Group of Companies, Inc.	663		10,688
Tapestry, Inc.	6,760		176,098
Unifi, Inc. (A)	2,910		63,787
Vera Bradley, Inc. (A)	2,034		20,543
Wolverine World Wide, Inc.	639		18,058
			1,425,985
			18,765,974
Consumer staples – 3.7%
Beverages – 0.0%
Craft Brew Alliance, Inc. (A)	2,909		23,825
Food and staples retailing – 1.4%
Casey's General Stores, Inc.	147		23,691
Ingles Markets, Inc., Class A	2,495		96,956
Natural Grocers by Vitamin Cottage, Inc. (A)	1,014		10,130
Performance Food Group Company (A)	11,990		551,660
PriceSmart, Inc.	4,818		342,560
Rite Aid Corp. (A)	624		4,337
SpartanNash Company	4,194		49,615
The Andersons, Inc.	3,784		84,875
The Chefs' Warehouse, Inc. (A)	1,493		60,198
United Natural Foods, Inc. (A)	3,818		43,983
US Foods Holding Corp. (A)	11,785		484,364
Village Super Market, Inc., Class A	685		18,118
Weis Markets, Inc.	3,071		117,128
			1,887,615
Food products – 1.8%
Alico, Inc.	341		11,601
B&G Foods, Inc. (B)	1,941		36,704
Bunge, Ltd.	6,695		379,071
Cal-Maine Foods, Inc.	831		33,203
Darling Ingredients, Inc. (A)	13,547		259,154
Dean Foods Company (B)	8,717		10,112
Farmer Brothers Company (A)	1,069		13,844
Fresh Del Monte Produce, Inc.	3,135		106,935
Hostess Brands, Inc. (A)	3,408		47,661
Ingredion, Inc.	3,024		247,182
John B. Sanfilippo & Son, Inc.	787		76,024
Landec Corp. (A)	3,130		34,023
Limoneira Company	199		3,654
Pilgrim's Pride Corp. (A)	1,655		53,034
Post Holdings, Inc. (A)	4,039		427,488

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Sanderson Farms, Inc.	1,456	$	220,336
Seaboard Corp.	52		227,500
Seneca Foods Corp., Class A (A)	1,409		43,933
The Simply Good Foods Company (A)	491		14,234
TreeHouse Foods, Inc. (A)	2,369		131,361
			2,377,054
Household products – 0.2%
Central Garden & Pet Company (A)	1,553		45,394
Central Garden & Pet Company, Class A (A)	4,142		114,837
Oil-Dri Corp. of America	531		18,086
Spectrum Brands Holdings, Inc.	1,295		68,296
			246,613
Personal products – 0.2%
Coty, Inc., Class A	15,267		160,456
Edgewell Personal Care Company (A)	1,909		62,023
Mannatech, Inc.	276		4,761
Natural Alternatives International, Inc. (A)	200		1,670
Nu Skin Enterprises, Inc., Class A	275		11,696
			240,606
Tobacco – 0.1%
Universal Corp.	2,175		119,212
			4,894,925
Energy – 5.3%
Energy equipment and services – 1.6%
Apergy Corp. (A)	798		21,586
Archrock, Inc.	9,027		89,999
Basic Energy Services, Inc. (A)	1,957		2,818
C&J Energy Services, Inc. (A)	757		8,123
CARBO Ceramics, Inc. (A)	883		2,119
Dawson Geophysical Company (A)	3,948		8,449
Diamond Offshore Drilling, Inc. (A)(B)	2,100		11,676
Dril-Quip, Inc. (A)	3,352		168,203
Era Group, Inc. (A)	4,560		48,154
Exterran Corp. (A)	4,737		61,865
Forum Energy Technologies, Inc. (A)	6,662		10,326
Frank's International NV (A)	2,644		12,559
Geospace Technologies Corp. (A)	516		7,931
Gulf Island Fabrication, Inc. (A)	3,019		16,152
Helix Energy Solutions Group, Inc. (A)	14,129		113,880
Helmerich & Payne, Inc.	5,043		202,073
Hornbeck Offshore Services, Inc. (A)	5,300		4,028
Keane Group, Inc. (A)	770		4,666
KLX Energy Services Holdings, Inc. (A)	1,865		16,123
Matrix Service Company (A)	2,731		46,809
McDermott International, Inc. (A)(B)	5,026		10,153
Mitcham Industries, Inc. (A)	2,431		7,901
Nabors Industries, Ltd.	29,897		55,907
National Oilwell Varco, Inc.	17,253		365,764
Natural Gas Services Group, Inc. (A)	2,620		33,562
Newpark Resources, Inc. (A)	12,359		94,176
Nine Energy Service, Inc. (A)	425		2,622
Noble Corp. PLC (A)	17,780		22,581
Oceaneering International, Inc. (A)	8,109		109,877
Oil States International, Inc. (A)	4,041		53,745
Patterson-UTI Energy, Inc.	14,112		120,658
ProPetro Holding Corp. (A)	1,331		12,099
RPC, Inc. (B)	2,090		11,725
SEACOR Holdings, Inc. (A)	2,419		113,862
SEACOR Marine Holdings, Inc. (A)	2,432		30,570
Select Energy Services, Inc., Class A (A)	999		8,651
Superior Energy Services, Inc. (A)	14,062		1,828

 

206

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
TETRA Technologies, Inc. (A)	4,581	$	9,208
Tidewater, Inc. (A)	391		5,908
Transocean, Ltd. (A)	13,252		59,236
U.S. Silica Holdings, Inc.	4,282		40,936
Valaris PLC (B)	15,279		73,492
			2,102,000
Oil, gas and consumable fuels – 3.7%
Adams Resources & Energy, Inc.	724		22,444
Amplify Energy Corp.	761		4,695
Antero Resources Corp. (A)(B)	20,791		62,789
Apache Corp.	16,397		419,763
Arch Coal, Inc., Class A (B)	1,502		111,448
Ardmore Shipping Corp. (A)	1,174		7,854
Bonanza Creek Energy, Inc. (A)	1,183		26,487
Callon Petroleum Company (A)(B)	13,440		58,330
Carrizo Oil & Gas, Inc. (A)	848		7,280
Centennial Resource Development, Inc., Class A (A)	11,699		52,821
Cimarex Energy Company	3,788		181,597
Clean Energy Fuels Corp. (A)	11,526		23,801
CNX Resources Corp. (A)	18,164		131,871
CONSOL Energy, Inc. (A)	2,270		35,480
Contango Oil & Gas Company (A)	3,786		10,525
Delek US Holdings, Inc.	6,745		244,844
Denbury Resources, Inc. (A)	19,778		23,536
DHT Holdings, Inc.	3,733		22,958
Dorian LPG, Ltd. (A)	2,153		22,305
EnLink Midstream LLC (B)	7,951		67,584
Extraction Oil & Gas, Inc. (A)(B)	3,404		10,008
GasLog, Ltd.	2,719		34,939
Green Plains, Inc.	5,268		55,814
Gulfport Energy Corp. (A)	10,592		28,704
HighPoint Resources Corp. (A)	7,216		11,473
HollyFrontier Corp.	7,722		414,208
International Seaways, Inc. (A)	1,434		27,619
Jagged Peak Energy, Inc. (A)	1,011		7,340
Kosmos Energy, Ltd.	7,806		48,709
Laredo Petroleum, Inc. (A)	1,132		2,728
Matador Resources Company (A)	32,146		531,373
Montage Resources Corp. (A)	615		2,325
Murphy Oil Corp.	14,395		318,273
NACCO Industries, Inc., Class A	700		44,737
Oasis Petroleum, Inc. (A)	18,941		65,536
Overseas Shipholding Group, Inc., Class A (A)	861		1,507
Panhandle Oil and Gas, Inc., Class A	557		7,787
Par Pacific Holdings, Inc. (A)	1,947		44,508
Parsley Energy, Inc., Class A	14,262		239,602
PBF Energy, Inc., Class A	9,324		253,520
PDC Energy, Inc. (A)	4,532		125,763
Peabody Energy Corp.	6,070		89,350
Penn Virginia Corp. (A)	651		18,925
QEP Resources, Inc.	13,169		48,725
Range Resources Corp. (B)	13,645		52,124
Renewable Energy Group, Inc. (A)(B)	4,097		61,475
REX American Resources Corp. (A)	268		20,456
Ring Energy, Inc. (A)	2,739		4,492
SandRidge Energy, Inc. (A)	1,746		8,206
Scorpio Tankers, Inc.	1,693		50,384
SemGroup Corp., Class A	4,266		69,706
Ship Finance International, Ltd.	3,492		49,028
SilverBow Resources, Inc. (A)	324		3,140
SM Energy Company	6,189		59,971
Southwestern Energy Company (A)	23,534		45,421
SRC Energy, Inc. (A)	18,334		85,436

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Talos Energy, Inc. (A)	515	$	10,470
Teekay Corp.	286		1,144
Teekay Tankers, Ltd., Class A (A)	9,278		12,061
Unit Corp. (A)	6,259		21,155
Whiting Petroleum Corp. (A)	4,753		38,167
World Fuel Services Corp.	3,769		150,534
WPX Energy, Inc. (A)	22,256		235,691
			4,950,946
			7,052,946
Financials – 22.4%
Banks – 12.4%
1st Source Corp.	2,392		109,386
Allegiance Bancshares, Inc. (A)	308		9,884
American National Bankshares, Inc.	991		35,151
American River Bankshares	2,249		30,586
Ameris Bancorp	18,872		759,409
Arrow Financial Corp.	428		14,307
Associated Banc-Corp.	14,499		293,605
Atlantic Capital Bancshares, Inc. (A)	667		11,566
Atlantic Union Bankshares Corp.	16,033		597,149
Banc of California, Inc.	1,420		20,079
BancFirst Corp.	1,658		91,886
BancorpSouth Bank	2,714		80,362
Bank of Commerce Holdings	3,606		39,269
Bank of Marin Bancorp	542		22,488
Bank OZK	4,535		123,669
BankFinancial Corp.	2,146		25,537
BankUnited, Inc.	2,464		82,840
Banner Corp.	3,129		175,756
Bar Harbor Bankshares	2,109		52,577
BCB Bancorp, Inc.	1,477		18,965
Berkshire Hills Bancorp, Inc.	4,660		136,491
BOK Financial Corp.	737		58,334
Boston Private Financial Holdings, Inc.	7,971		92,902
Bridge Bancorp, Inc.	1,057		31,245
Brookline Bancorp, Inc.	7,510		110,622
Bryn Mawr Bank Corp.	1,969		71,888
C&F Financial Corp.	627		33,018
Cadence BanCorp	4,097		71,861
California First National Bancorp	1,653		28,349
Camden National Corp.	1,722		74,597
Capital City Bank Group, Inc.	1,865		51,194
Carolina Financial Corp.	1,115		39,627
CenterState Bank Corp.	2,267		54,374
Central Pacific Financial Corp.	2,960		84,064
Century Bancorp, Inc., Class A	497		43,537
Chemung Financial Corp.	966		40,572
CIT Group, Inc.	4,212		190,846
City Holding Company	225		17,156
Civista Bancshares, Inc.	514		11,169
CNB Financial Corp.	1,962		56,309
Columbia Banking System, Inc.	3,819		140,921
Community Trust Bancorp, Inc.	1,888		80,391
ConnectOne Bancorp, Inc.	1,273		28,261
Customers Bancorp, Inc. (A)	2,391		49,589
CVB Financial Corp.	2,662		55,556
Eagle Bancorp, Inc.	1,535		68,492
Enterprise Bancorp, Inc.	246		7,375
Enterprise Financial Services Corp.	1,453		59,210
Equity Bancshares, Inc., Class A (A)	697		18,687
Financial Institutions, Inc.	1,481		44,697
First Bancorp (NC)	3,205		115,060
First Bancorp (PR)	21,845		218,013
First Bancorp, Inc.	1,769		48,630
First Busey Corp.	841		21,260

 

207

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
First Business Financial Services, Inc.	1,366	$	32,893
First Commonwealth Financial Corp.	10,189		135,310
First Community Bankshares, Inc.	2,201		71,246
First Financial Bancorp	9,165		224,313
First Financial Corp.	1,432		62,249
First Financial Northwest, Inc.	1,100		16,258
First Foundation, Inc.	1,677		25,616
First Hawaiian, Inc.	779		20,799
First Horizon National Corp.	12,649		204,914
First Internet Bancorp	377		8,072
First Interstate BancSystem, Inc., Class A	1,946		78,307
First Merchants Corp.	4,769		179,481
First Mid Bancshares, Inc.	349		12,082
First Midwest Bancorp, Inc.	7,500		146,100
First Northwest Bancorp	800		13,856
Flushing Financial Corp.	3,421		69,121
FNB Corp.	18,182		209,638
Franklin Financial Network, Inc.	633		19,123
Fulton Financial Corp.	13,097		211,909
German American Bancorp, Inc.	302		9,679
Great Southern Bancorp, Inc.	1,329		75,687
Great Western Bancorp, Inc.	3,593		118,569
Hancock Whitney Corp.	7,557		289,390
Hanmi Financial Corp.	3,082		57,880
Heartland Financial USA, Inc.	2,428		108,629
Heritage Commerce Corp.	2,225		26,155
Heritage Financial Corp.	1,481		39,928
Hilltop Holdings, Inc.	6,466		154,473
Home BancShares, Inc.	618		11,615
HomeTrust Bancshares, Inc.	560		14,599
Hope Bancorp, Inc.	11,326		162,415
Horizon Bancorp, Inc.	3,249		56,403
IBERIABANK Corp.	3,855		291,207
Independent Bank Corp. (MA)	1,111		82,936
Independent Bank Corp. (MI)	206		4,391
Independent Bank Group, Inc.	1,479		77,810
International Bancshares Corp.	6,427		248,211
Investors Bancorp, Inc.	25,428		288,862
Lakeland Bancorp, Inc.	4,261		65,747
LegacyTexas Financial Group, Inc.	3,613		157,274
Macatawa Bank Corp.	5,091		52,895
Mercantile Bank Corp.	1,266		41,525
Midland States Bancorp, Inc.	670		17,454
MidWestOne Financial Group, Inc.	1,343		40,988
National Bank Holdings Corp., Class A	1,336		45,678
NBT Bancorp, Inc.	3,823		139,884
Nicolet Bankshares, Inc. (A)	565		37,612
Northrim BanCorp, Inc.	1,530		60,695
Norwood Financial Corp.	1,188		37,553
OFG Bancorp	6,515		142,679
Old Line Bancshares, Inc.	601		17,435
Old National Bancorp	12,650		217,643
Old Second Bancorp, Inc.	2,721		33,251
Opus Bank	1,848		40,231
Pacific Mercantile Bancorp (A)	762		5,723
Pacific Premier Bancorp, Inc.	1,504		46,910
PacWest Bancorp	9,702		352,571
Peapack Gladstone Financial Corp.	1,625		45,549
Penns Woods Bancorp, Inc.	792		36,630
Peoples Bancorp, Inc.	2,153		68,487
People's United Financial, Inc.	32,879		514,063
People's Utah Bancorp	518		14,654
Pinnacle Financial Partners, Inc.	13,813		783,888
Popular, Inc.	7,939		429,341

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Premier Financial Bancorp, Inc.	2,821	$	48,437
Prosperity Bancshares, Inc.	5,854		413,468
QCR Holdings, Inc.	1,211		45,994
Renasant Corp.	4,029		141,055
Republic Bancorp, Inc., Class A	1,724		74,908
S&T Bancorp, Inc.	3,436		125,517
Sandy Spring Bancorp, Inc.	2,800		94,388
Seacoast Banking Corp. of Florida (A)	1,191		30,144
Shore Bancshares, Inc.	2,225		34,287
Sierra Bancorp	2,175		57,768
Simmons First National Corp., Class A	6,232		155,177
South State Corp.	2,627		197,813
Southern First Bancshares, Inc. (A)	237		9,444
Southern National Bancorp of Virginia, Inc.	3,850		59,252
Southside Bancshares, Inc.	374		12,757
Sterling Bancorp	11,335		227,380
TCF Financial Corp.	9,833		374,342
Texas Capital Bancshares, Inc. (A)	1,938		105,912
The Bancorp, Inc. (A)	4,825		47,768
The First Bancshares, Inc.	311		10,045
The First of Long Island Corp.	1,039		23,637
TierOne Corp. (A)(C)	2,328		1
Towne Bank	4,414		122,731
TriCo Bancshares	721		26,172
TriState Capital Holdings, Inc. (A)	1,242		26,132
Triumph Bancorp, Inc. (A)	997		31,794
Trustmark Corp.	6,295		214,722
Umpqua Holdings Corp.	19,768		325,381
United Bankshares, Inc.	5,846		221,388
United Community Banks, Inc.	5,084		144,131
Univest Financial Corp.	2,460		62,755
Valley National Bancorp	20,233		219,933
Veritex Holdings, Inc.	1,574		38,193
Washington Trust Bancorp, Inc.	635		30,677
WesBanco, Inc.	5,689		212,598
Wintrust Financial Corp.	1,992		128,743
Zions Bancorp NA	7,758		345,386
			16,595,484
Capital markets – 1.8%
Blucora, Inc. (A)	6,814		147,455
Cowen, Inc., Class A (A)	5,088		78,304
GAIN Capital Holdings, Inc.	2,895		15,286
Houlihan Lokey, Inc.	11,808		532,541
INTL. FCStone, Inc. (A)	1,705		70,007
Invesco, Ltd.	20,349		344,712
Janus Henderson Group PLC	10,100		226,846
Legg Mason, Inc.	6,998		267,254
Oppenheimer Holdings, Inc., Class A	1,974		59,338
Piper Jaffray Companies	686		51,779
Stifel Financial Corp.	8,794		504,600
Virtus Investment Partners, Inc.	418		46,218
Waddell & Reed Financial, Inc., Class A (B)	5,265		90,453
			2,434,793
Consumer finance – 1.3%
Asta Funding, Inc. (A)	344		2,408
Encore Capital Group, Inc. (A)(B)	12,270		408,898
Enova International, Inc. (A)	1,914		39,716
EZCORP, Inc., Class A (A)	3,087		19,927
LendingClub Corp. (A)	3,292		43,059
Navient Corp.	20,898		267,494
Nelnet, Inc., Class A	3,248		206,573
Nicholas Financial, Inc. (A)	75		675
OneMain Holdings, Inc.	5,319		195,101

 

208

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)	1,882	$	63,593
Regional Management Corp. (A)	573		16,136
Santander Consumer USA Holdings, Inc.	16,731		426,808
			1,690,388
Diversified financial services – 0.5%
Cannae Holdings, Inc. (A)	2,391		65,681
First Eagle Private Credit LLC (A)(C)	5,739		1,386
Jefferies Financial Group, Inc.	11,058		203,467
Marlin Business Services Corp.	1,698		42,773
On Deck Capital, Inc. (A)	2,096		7,043
Voya Financial, Inc.	7,710		419,732
			740,082
Insurance – 4.3%
Ambac Financial Group, Inc. (A)	1,536		30,029
American Equity Investment Life Holding Company	8,399		203,256
American National Insurance Company	1,609		199,082
Argo Group International Holdings, Ltd.	3,391		238,184
Assurant, Inc.	2,363		297,313
Assured Guaranty, Ltd.	8,972		398,895
Athene Holding, Ltd., Class A (A)	6,192		260,436
Axis Capital Holdings, Ltd.	3,625		241,860
CNO Financial Group, Inc.	16,225		256,842
Donegal Group, Inc., Class A	2,876		42,162
Employers Holdings, Inc.	2,717		118,407
Enstar Group, Ltd. (A)	779		147,948
FBL Financial Group, Inc., Class A	3,170		188,647
FedNat Holding Company	1,090		15,249
First American Financial Corp.	2,209		130,353
Genworth Financial, Inc., Class A (A)	14,291		62,880
Global Indemnity, Ltd.	1,990		49,690
Greenlight Capital Re, Ltd., Class A (A)	2,616		27,468
Hallmark Financial Services, Inc. (A)	4,008		76,673
HCI Group, Inc.	297		12,486
Heritage Insurance Holdings, Inc.	13,362		199,762
Horace Mann Educators Corp.	3,837		177,768
Independence Holding Company	2,247		86,712
Investors Title Company	189		30,259
James River Group Holdings, Ltd.	653		33,460
Maiden Holdings, Ltd. (A)	7,320		5,490
MBIA, Inc. (A)	10,305		95,115
National General Holdings Corp.	6,267		144,266
National Western Life Group, Inc., Class A	221		59,310
Old Republic International Corp.	15,015		353,904
ProAssurance Corp.	2,100		84,567
Protective Insurance Corp., Class B	1,154		20,137
RenaissanceRe Holdings, Ltd.	1,028		198,867
Safety Insurance Group, Inc.	1,060		107,410
Selective Insurance Group, Inc.	2,121		159,478
State Auto Financial Corp.	4,187		135,617
Stewart Information Services Corp.	2,162		83,864
The Hanover Insurance Group, Inc.	972		131,745
Third Point Reinsurance, Ltd. (A)	2,292		22,897
United Fire Group, Inc.	2,197		103,215
United Insurance Holdings Corp.	1,482		20,733
Unum Group	11,366		337,798
White Mountains Insurance Group, Ltd.	119		128,520
			5,718,754
Thrifts and mortgage finance – 2.1%
Axos Financial, Inc. (A)	669		18,498
Capitol Federal Financial, Inc.	13,078		180,215
Dime Community Bancshares, Inc.	3,601		77,097
ESSA Bancorp, Inc.	897		14,729

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Federal Agricultural Mortgage Corp., Class C	1,163	$	94,971
First Defiance Financial Corp.	2,220		64,302
Flagstar Bancorp, Inc.	5,241		195,751
Hingham Institution for Savings	106		20,034
Home Bancorp, Inc.	902		35,169
HomeStreet, Inc. (A)	1,732		47,318
Kearny Financial Corp.	5,361		69,907
Meridian Bancorp, Inc.	1,625		30,469
Meta Financial Group, Inc.	2,895		94,406
Mr. Cooper Group, Inc. (A)	1,998		21,219
New York Community Bancorp, Inc.	28,861		362,206
NMI Holdings, Inc., Class A (A)	1,531		40,204
Northfield Bancorp, Inc.	4,819		77,393
Northwest Bancshares, Inc.	8,845		144,970
OceanFirst Financial Corp.	1,393		32,875
Oritani Financial Corp.	4,658		82,423
Provident Financial Holdings, Inc.	1,778		36,894
Provident Financial Services, Inc.	4,435		108,791
Prudential Bancorp, Inc.	1,696		28,849
Radian Group, Inc.	6,299		143,869
Riverview Bancorp, Inc.	5,483		40,465
Southern Missouri Bancorp, Inc.	1,012		36,867
Territorial Bancorp, Inc.	1,722		49,215
TrustCo Bank Corp.	9,134		74,442
United Community Financial Corp.	4,635		49,965
United Financial Bancorp, Inc.	4,950		67,469
Walker & Dunlop, Inc.	1,551		86,747
Washington Federal, Inc.	2,236		82,710
Waterstone Financial, Inc.	3,099		53,241
Western New England Bancorp, Inc.	4,739		45,163
WSFS Financial Corp.	3,099		136,666
			2,745,509
			29,925,010
Health care – 10.5%
Biotechnology – 2.2%
Achillion Pharmaceuticals, Inc. (A)	10,940		39,384
Acorda Therapeutics, Inc. (A)	3,542		10,166
Adverum Biotechnologies, Inc. (A)	5,950		32,428
Aimmune Therapeutics, Inc. (A)	19,586		410,131
AMAG Pharmaceuticals, Inc. (A)	1,505		17,383
Amicus Therapeutics, Inc. (A)	42,994		344,812
Anika Therapeutics, Inc. (A)	234		12,844
Ardelyx, Inc. (A)	2,294		10,782
Arena Pharmaceuticals, Inc. (A)	187		8,559
Biohaven Pharmaceutical Holding Company, Ltd. (A)	10,215		426,170
Calithera Biosciences, Inc. (A)	2,020		6,242
Chimerix, Inc. (A)	2,352		5,527
Concert Pharmaceuticals, Inc. (A)	1,198		7,044
Emergent BioSolutions, Inc. (A)	820		42,870
Five Prime Therapeutics, Inc. (A)	1,389		5,382
Global Blood Therapeutics, Inc. (A)	10,302		499,853
Ligand Pharmaceuticals, Inc. (A)	163		16,225
Myriad Genetics, Inc. (A)	1,802		51,591
PDL BioPharma, Inc. (A)	10,320		22,291
Portola Pharmaceuticals, Inc. (A)	12,477		334,633
Prothena Corp. PLC (A)	779		6,107
Retrophin, Inc. (A)	14,330		166,085
Vericel Corp. (A)	31,507		477,016
			2,953,525
Health care equipment and supplies – 2.7%
AngioDynamics, Inc. (A)	6,177		113,780
AtriCure, Inc. (A)	18,605		464,009

 

209

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Avanos Medical, Inc. (A)	3,306	$	123,843
Cardiovascular Systems, Inc. (A)	19,128		908,963
CONMED Corp.	1,956		188,069
FONAR Corp. (A)	463		9,570
Globus Medical, Inc., Class A (A)	15,111		772,474
ICU Medical, Inc. (A)	2,734		436,346
Integer Holdings Corp. (A)	2,544		192,225
Invacare Corp.	3,396		25,470
Kewaunee Scientific Corp.	83		1,293
Natus Medical, Inc. (A)	613		19,518
Orthofix Medical, Inc. (A)	241		12,778
RTI Surgical Holdings, Inc. (A)	4,931		14,053
Wright Medical Group NV (A)	16,858		347,781
			3,630,172
Health care providers and services – 1.8%
Acadia Healthcare Company, Inc. (A)	12,517		389,028
Addus HomeCare Corp. (A)	1,024		81,183
Brookdale Senior Living, Inc. (A)	14,058		106,560
Covetrus, Inc. (A)	846		10,059
Cross Country Healthcare, Inc. (A)	2,734		28,160
DaVita, Inc. (A)	3,469		197,976
Digirad Corp. (A)	310		1,417
Diplomat Pharmacy, Inc. (A)	1,242		6,086
LHC Group, Inc. (A)	6,058		687,946
Magellan Health, Inc. (A)	2,490		154,629
MedCath Corp. (A)(C)	3,806		1,903
MEDNAX, Inc. (A)	6,772		153,183
National HealthCare Corp.	1,884		154,205
Owens & Minor, Inc.	5,919		34,389
Patterson Companies, Inc.	3,709		66,094
Premier, Inc., Class A (A)	1,546		44,710
Select Medical Holdings Corp. (A)	10,352		171,533
Surgery Partners, Inc. (A)	814		6,011
The Ensign Group, Inc.	1,053		49,944
The Providence Service Corp. (A)	887		52,741
Triple-S Management Corp., Class B (A)	2,760		36,984
			2,434,741
Health care technology – 0.7%
Allscripts Healthcare Solutions, Inc. (A)	9,018		99,018
Evolent Health, Inc., Class A (A)	1,142		8,211
HealthStream, Inc. (A)	1,369		35,443
HMS Holdings Corp. (A)	19,995		689,128
Micron Solutions, Inc. (A)	200		438
NextGen Healthcare, Inc. (A)	878		13,758
			845,996
Life sciences tools and services – 0.9%
Bruker Corp.	9,213		404,727
Harvard Bioscience, Inc. (A)	6,562		20,178
Luminex Corp.	2,011		41,527
Medpace Holdings, Inc. (A)	300		25,212
Syneos Health, Inc. (A)	14,156		753,241
			1,244,885
Pharmaceuticals – 2.2%
Assertio Therapeutics, Inc. (A)	2,796		3,579
Catalent, Inc. (A)	17,194		819,466
Cumberland Pharmaceuticals, Inc. (A)	956		5,669
Dova Pharmaceuticals, Inc. (A)	23,123		646,288
Endo International PLC (A)	2,935		9,421
GW Pharmaceuticals PLC, ADR (A)	2,598		298,848
Jazz Pharmaceuticals PLC (A)	1,324		169,657
Mallinckrodt PLC (A)(B)	6,663		16,058
Melinta Therapeutics, Inc. (A)	221		842
Otonomy, Inc. (A)	1,716		4,101
Perrigo Company PLC	7,128		398,384

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Prestige Consumer Healthcare, Inc. (A)	1,934	$	67,090
Taro Pharmaceutical Industries, Ltd.	303		22,861
Zogenix, Inc. (A)	9,935		397,797
			2,860,061
			13,969,380
Industrials – 20.2%
Aerospace and defense – 1.1%
AAR Corp.	18,133		747,261
CPI Aerostructures, Inc. (A)	1,400		11,508
Cubic Corp.	2,425		170,793
Ducommun, Inc. (A)	1,674		70,978
Mercury Systems, Inc. (A)	2,306		187,178
Moog, Inc., Class A	1,748		141,798
National Presto Industries, Inc.	244		21,738
Park Aerospace Corp.	2,083		36,577
SIFCO Industries, Inc. (A)	1,000		2,710
Vectrus, Inc. (A)	608		24,715
Wesco Aircraft Holdings, Inc. (A)	7,177		79,019
			1,494,275
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A)	1,682		35,356
Atlas Air Worldwide Holdings, Inc. (A)	2,943		74,252
Echo Global Logistics, Inc. (A)	2,257		51,121
Forward Air Corp.	1,054		67,161
Hub Group, Inc., Class A (A)	3,911		181,862
Radiant Logistics, Inc. (A)	1,875		9,694
XPO Logistics, Inc. (A)	4,367		312,546
			731,992
Airlines – 0.9%
Alaska Air Group, Inc.	3,562		231,209
Copa Holdings SA, Class A	905		89,369
Hawaiian Holdings, Inc.	2,263		59,426
JetBlue Airways Corp. (A)	24,873		416,623
SkyWest, Inc.	4,751		272,707
Spirit Airlines, Inc. (A)	5,299		192,354
			1,261,688
Building products – 1.1%
American Woodmark Corp. (A)	200		17,782
Apogee Enterprises, Inc.	1,785		69,597
Armstrong Flooring, Inc. (A)	1,831		11,700
CSW Industrials, Inc.	571		39,416
Fortune Brands Home & Security, Inc.	1,150		62,905
Gibraltar Industries, Inc. (A)	3,659		168,094
Griffon Corp.	3,371		70,690
Insteel Industries, Inc.	1,989		40,834
JELD-WEN Holding, Inc. (A)	9,281		179,030
Masonite International Corp. (A)	1,546		89,668
Owens Corning	5,292		334,454
Quanex Building Products Corp.	3,929		71,036
Resideo Technologies, Inc. (A)	781		11,207
Universal Forest Products, Inc.	6,126		244,305
			1,410,718
Commercial services and supplies – 1.8%
ABM Industries, Inc.	6,128		222,569
ACCO Brands Corp.	7,990		78,861
Acme United Corp.	733		14,677
ADT, Inc. (B)	4,173		26,165
ARC Document Solutions, Inc. (A)	3,098		4,213
Brady Corp., Class A	2,454		130,185
CECO Environmental Corp. (A)	1,395		9,744
Civeo Corp. (A)	8,078		10,259
Clean Harbors, Inc. (A)	2,210		170,612
Deluxe Corp.	836		41,098

 

210

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Ennis, Inc.	3,208	$	64,834
Heritage-Crystal Clean, Inc. (A)	1,877		49,741
HNI Corp.	980		34,790
Hudson Technologies, Inc. (A)	3,750		2,663
LSC Communications, Inc.	1,500		2,070
Matthews International Corp., Class A	1,190		42,114
McGrath RentCorp	2,300		160,057
Mobile Mini, Inc.	4,727		174,237
NL Industries, Inc. (A)	3,260		12,258
PICO Holdings, Inc. (A)	2,493		25,154
Ritchie Brothers Auctioneers, Inc.	18,075		721,193
SP Plus Corp. (A)	1,277		47,249
Steelcase, Inc., Class A	4,596		84,566
Team, Inc. (A)	2,106		38,013
UniFirst Corp.	441		86,048
Viad Corp.	2,118		142,224
Virco Manufacturing Corp.	1,200		4,620
VSE Corp.	1,368		46,635
			2,446,849
Construction and engineering – 2.0%
AECOM (A)	14,815		556,451
Aegion Corp. (A)	3,621		77,417
Ameresco, Inc., Class A (A)	5,087		81,748
Arcosa, Inc.	4,310		147,445
Argan, Inc.	604		23,731
Dycom Industries, Inc. (A)	3,652		186,435
EMCOR Group, Inc.	1,327		114,281
Fluor Corp.	1,381		26,419
Granite Construction, Inc.	4,459		143,268
Great Lakes Dredge & Dock Corp. (A)	9,500		99,275
IES Holdings, Inc. (A)	237		4,880
MasTec, Inc. (A)	4,355		282,770
MYR Group, Inc. (A)	2,443		76,441
Northwest Pipe Company (A)	1,706		48,024
NV5 Global, Inc. (A)	290		19,798
Orion Group Holdings, Inc. (A)	4,263		19,184
Primoris Services Corp.	3,474		68,125
Quanta Services, Inc.	11,900		449,820
Sterling Construction Company, Inc. (A)	3,771		49,589
Tutor Perini Corp. (A)	6,222		89,161
Valmont Industries, Inc.	328		45,408
			2,609,670
Electrical equipment – 1.0%
Acuity Brands, Inc.	150		20,219
AZZ, Inc.	1,638		71,351
Encore Wire Corp.	2,766		155,670
EnerSys	563		37,124
LSI Industries, Inc.	4,131		21,564
nVent Electric PLC	4,483		98,805
Powell Industries, Inc.	1,244		48,703
Preformed Line Products Company	984		53,717
Regal Beloit Corp.	3,866		281,638
Sensata Technologies Holding PLC (A)	1,893		94,764
Sunrun, Inc. (A)	1,551		25,909
Thermon Group Holdings, Inc. (A)	17,943		412,330
Ultralife Corp. (A)	1,984		17,181
			1,338,975
Industrial conglomerates – 0.0%
Carlisle Companies, Inc.	403		58,653
Machinery – 4.9%
Actuant Corp., Class A	1,269		27,842
AGCO Corp.	4,337		328,311
Alamo Group, Inc.	1,357		159,746
Astec Industries, Inc.	2,911		90,532

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Barnes Group, Inc.	2,872	$	148,023
Briggs & Stratton Corp.	4,976		30,155
Chart Industries, Inc. (A)	3,182		198,430
CIRCOR International, Inc. (A)	1,614		60,606
Colfax Corp. (A)	8,935		259,651
Columbus McKinnon Corp.	2,978		108,489
EnPro Industries, Inc.	503		34,531
ESCO Technologies, Inc.	2,569		204,390
Federal Signal Corp.	4,969		162,685
Franklin Electric Company, Inc.	2,237		106,951
FreightCar America, Inc. (A)	735		3,565
Gencor Industries, Inc. (A)	2,100		24,381
Graham Corp.	333		6,613
Helios Technologies, Inc.	5,996		243,258
Hurco Companies, Inc.	1,054		33,907
Hyster-Yale Materials Handling, Inc.	970		53,088
ITT, Inc.	2,970		181,734
John Bean Technologies Corp.	5,085		505,602
Kadant, Inc.	218		19,138
Kennametal, Inc.	1,872		57,545
LB Foster Company, Class A (A)	1,699		36,817
Lydall, Inc. (A)	338		8,420
Miller Industries, Inc.	2,106		70,130
Mueller Industries, Inc.	459		13,164
NN, Inc.	2,376		16,941
Oshkosh Corp.	2,757		208,981
Park-Ohio Holdings Corp.	749		22,365
Perma-Pipe International Holdings, Inc. (A)	1,100		10,604
RBC Bearings, Inc. (A)	4,766		790,727
Rexnord Corp. (A)	1,671		45,201
Snap-on, Inc.	662		103,629
Spartan Motors, Inc.	41,931		575,293
SPX FLOW, Inc. (A)	2,346		92,573
Terex Corp.	1,593		41,370
The Eastern Company	1,471		36,510
The Gorman-Rupp Company	826		28,737
The Greenbrier Companies, Inc.	3,369		101,474
The LS Starrett Company, Class A (A)	1,530		8,874
The Manitowoc Company, Inc. (A)	2,882		36,025
The Timken Company	2,536		110,341
Titan International, Inc.	3,936		10,627
TriMas Corp. (A)	1,856		56,886
Trinity Industries, Inc.	12,930		254,462
Twin Disc, Inc. (A)	1,650		17,474
Wabash National Corp.	3,712		53,861
Woodward, Inc.	6,457		696,258
			6,496,917
Marine – 0.2%
Costamare, Inc.	3,754		22,787
Eagle Bulk Shipping, Inc. (A)	2,757		12,062
Genco Shipping & Trading, Ltd. (A)	1,028		9,458
Matson, Inc.	3,414		128,059
Scorpio Bulkers, Inc.	5,124		31,154
			203,520
Professional services – 2.4%
Acacia Research Corp. (A)	2,172		5,821
ASGN, Inc. (A)	1,215		76,375
CBIZ, Inc. (A)	6,671		156,769
CRA International, Inc.	1,251		52,504
Exponent, Inc.	12,367		864,453
Forrester Research, Inc.	10,795		346,951
FTI Consulting, Inc. (A)	2,725		288,823
GP Strategies Corp. (A)	1,125		14,445
Heidrick & Struggles International, Inc.	1,972		53,836

 

211

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Hill International, Inc. (A)	3,275	$	9,792
Huron Consulting Group, Inc. (A)	1,611		98,819
ICF International, Inc.	2,238		189,044
InnerWorkings, Inc. (A)	3,056		13,538
Kelly Services, Inc., Class A	4,830		116,983
Korn Ferry	4,727		182,651
ManpowerGroup, Inc.	2,797		235,619
Mistras Group, Inc. (A)	1,232		20,205
Navigant Consulting, Inc.	3,955		110,542
Nielsen Holdings PLC	13,501		286,896
RCM Technologies, Inc. (A)	300		900
Resources Connection, Inc.	5,520		93,785
TrueBlue, Inc. (A)	2,519		53,151
			3,271,902
Road and rail – 1.9%
AMERCO	984		383,799
ArcBest Corp.	3,389		103,195
Covenant Transportation Group, Inc., Class A (A)	1,513		24,874
Genesee & Wyoming, Inc., Class A (A)	4,319		477,293
Hertz Global Holdings, Inc. (A)	5,103		70,626
Knight-Swift Transportation Holdings, Inc.	15,157		550,199
Marten Transport, Ltd.	6,937		144,151
P.A.M. Transportation Services, Inc. (A)	975		57,632
Patriot Transportation Holding, Inc. (A)	450		8,550
Ryder System, Inc.	4,908		254,087
Saia, Inc. (A)	2,007		188,056
Schneider National, Inc., Class B	2,862		62,163
USA Truck, Inc. (A)	1,375		11,041
Werner Enterprises, Inc.	5,765		203,505
			2,539,171
Trading companies and distributors – 2.3%
Air Lease Corp.	10,421		435,806
Aircastle, Ltd.	4,971		111,500
Applied Industrial Technologies, Inc.	205		11,644
Beacon Roofing Supply, Inc. (A)	2,849		95,527
BMC Stock Holdings, Inc. (A)	2,274		59,533
CAI International, Inc. (A)	1,738		37,836
DXP Enterprises, Inc. (A)	967		33,574
GATX Corp.	3,386		262,517
Houston Wire & Cable Company (A)	3,039		14,344
Kaman Corp.	2,465		146,569
Lawson Products, Inc. (A)	591		22,889
MRC Global, Inc. (A)	2,745		33,297
MSC Industrial Direct Company, Inc., Class A	969		70,282
NOW, Inc. (A)	9,114		104,538
Rush Enterprises, Inc., Class A	2,247		86,689
Rush Enterprises, Inc., Class B	1,545		61,692
SiteOne Landscape Supply, Inc. (A)	12,431		920,143
Textainer Group Holdings, Ltd. (A)	495		4,905
Titan Machinery, Inc. (A)	2,816		40,381
Transcat, Inc. (A)	1,532		39,235
Triton International, Ltd.	5,250		177,660
United Rentals, Inc. (A)	230		28,667
Univar Solutions, Inc. (A)	964		20,013
Veritiv Corp. (A)	889		16,073
WESCO International, Inc. (A)	4,092		195,475
Willis Lease Finance Corp. (A)	406		22,484
			3,053,273
Transportation infrastructure – 0.1%
Macquarie Infrastructure Corp.	2,843		112,213
			27,029,816

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Information technology – 14.1%
Communications equipment – 0.7%
ADTRAN, Inc.	5,269	$	59,777
BK Technologies Corp.	2,100		7,056
CalAmp Corp. (A)	900		10,368
Calix, Inc. (A)	2,971		18,985
CommScope Holding Company, Inc. (A)	5,531		65,045
Communications Systems, Inc.	1,800		8,226
Comtech Telecommunications Corp.	3,221		104,683
Digi International, Inc. (A)	4,813		65,553
EchoStar Corp., Class A (A)	4,430		175,517
Harmonic, Inc. (A)	4,356		28,662
Infinera Corp. (A)	8,291		45,186
InterDigital, Inc.	1,773		93,029
NETGEAR, Inc. (A)	3,391		109,258
NetScout Systems, Inc. (A)	5,458		125,861
Optical Cable Corp. (A)	931		3,324
Ribbon Communications, Inc. (A)	1,083		6,325
TESSCO Technologies, Inc.	1,750		25,148
			952,003
Electronic equipment, instruments and components – 4.8%
ADDvantage Technologies Group, Inc. (A)	428		856
Anixter International, Inc. (A)	2,372		163,953
Arlo Technologies, Inc. (A)	6,715		22,898
Arrow Electronics, Inc. (A)	8,290		618,268
Avnet, Inc.	11,186		497,609
AVX Corp.	14,148		215,050
Bel Fuse, Inc., Class B	1,641		24,664
Belden, Inc.	1,539		82,090
Benchmark Electronics, Inc.	3,813		110,806
Coherent, Inc. (A)	566		87,006
CTS Corp.	3,310		107,112
Daktronics, Inc.	3,929		29,016
ePlus, Inc. (A)	950		72,286
Fabrinet (A)	3,520		184,096
FARO Technologies, Inc. (A)	838		40,517
Flex, Ltd. (A)	22,654		237,074
Frequency Electronics, Inc. (A)	1,783		21,663
II-VI, Inc. (A)(B)	6,398		225,275
Insight Enterprises, Inc. (A)	3,865		215,242
Jabil, Inc.	12,515		447,662
KEMET Corp.	4,206		76,465
Key Tronic Corp. (A)	1,900		12,065
Kimball Electronics, Inc. (A)	4,314		62,596
Knowles Corp. (A)	6,866		139,654
Methode Electronics, Inc.	1,177		39,594
MTS Systems Corp.	626		34,587
OSI Systems, Inc. (A)	1,305		132,536
PC Connection, Inc.	3,391		131,910
Plexus Corp. (A)	3,089		193,093
RF Industries, Ltd.	120		850
Richardson Electronics, Ltd.	2,384		13,827
Rogers Corp. (A)	5,280		721,829
Sanmina Corp. (A)	7,035		225,894
ScanSource, Inc. (A)	2,542		77,658
SYNNEX Corp.	3,945		445,391
Tech Data Corp. (A)	3,227		336,382
TTM Technologies, Inc. (A)	11,753		143,328
Vishay Intertechnology, Inc.	12,996		220,022
Vishay Precision Group, Inc. (A)	1,686		55,200
			6,466,024
IT services – 2.1%
CACI International, Inc., Class A (A)	1,235		285,606
Conduent, Inc. (A)	5,456		33,936

 

212

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
DXC Technology Company	3,152	$	92,984
EPAM Systems, Inc. (A)	4,172		760,639
ExlService Holdings, Inc. (A)	5,492		367,744
KBR, Inc.	8,336		204,565
ManTech International Corp., Class A	2,567		183,309
Perficient, Inc. (A)	2,608		100,617
Perspecta, Inc.	2,453		64,072
Steel Connect, Inc. (A)	216		374
Sykes Enterprises, Inc. (A)	4,751		145,571
Virtusa Corp. (A)	13,545		487,891
			2,727,308
Semiconductors and semiconductor equipment – 3.6%
Alpha & Omega Semiconductor, Ltd. (A)	3,869		47,511
Amkor Technology, Inc. (A)	19,605		178,406
Amtech Systems, Inc. (A)	2,404		12,741
Axcelis Technologies, Inc. (A)	3,360		57,422
AXT, Inc. (A)	4,229		15,055
Brooks Automation, Inc.	4,413		163,413
Cabot Microelectronics Corp.	3,681		519,794
Cirrus Logic, Inc. (A)	1,828		97,944
Cohu, Inc.	4,101		55,384
Diodes, Inc. (A)	3,753		150,683
DSP Group, Inc. (A)	1,726		24,311
Entegris, Inc.	11,925		561,191
First Solar, Inc. (A)	3,148		182,615
FormFactor, Inc. (A)	1,299		24,220
GSI Technology, Inc. (A)	3,507		30,721
Kulicke & Soffa Industries, Inc.	7,615		178,800
MACOM Technology Solutions Holdings, Inc. (A)	13,047		280,445
MKS Instruments, Inc.	2,088		192,681
Nanometrics, Inc. (A)	1,358		44,298
NeoPhotonics Corp. (A)	3,808		23,191
ON Semiconductor Corp. (A)	19,610		376,708
PDF Solutions, Inc. (A)	2,193		28,663
Photronics, Inc. (A)	10,302		112,086
Power Integrations, Inc.	4,562		412,542
Rambus, Inc. (A)	5,178		67,961
Rudolph Technologies, Inc. (A)	3,587		94,553
Silicon Laboratories, Inc. (A)	6,109		680,237
Synaptics, Inc. (A)	1,879		75,066
Ultra Clean Holdings, Inc. (A)	2,706		39,602
Veeco Instruments, Inc. (A)	2,996		34,993
Xperi Corp.	1,956		40,450
			4,803,687
Software – 2.6%
Aware, Inc. (A)	2,160		6,329
Bottomline Technologies DE, Inc. (A)	6,895		271,318
HubSpot, Inc. (A)	5,156		781,701
LogMeIn, Inc.	150		10,644
Mimecast, Ltd. (A)	18,355		654,723
Monotype Imaging Holdings, Inc.	1,489		29,497
OneSpan, Inc. (A)	1,048		15,196
Paylocity Holding Corp. (A)	8,211		801,229
Rapid7, Inc. (A)	18,174		824,918
RealNetworks, Inc. (A)	766		1,272
Seachange International, Inc. (A)	5,428		15,633
Synchronoss Technologies, Inc. (A)	2,743		14,812
TiVo Corp.	6,381		48,591
Verint Systems, Inc. (A)	402		17,198
			3,493,061
Technology hardware, storage and peripherals – 0.3%
AstroNova, Inc.	1,439		23,269
Stratasys, Ltd. (A)	2,906		61,912

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Super Micro Computer, Inc. (A)	4,794	$	92,045
Xerox Holdings Corp.	8,939		267,365
			444,591
			18,886,674
Materials – 5.4%
Chemicals – 2.7%
American Vanguard Corp.	2,118		33,253
Ashland Global Holdings, Inc.	1,245		95,927
Balchem Corp.	7,495		743,429
Cabot Corp.	1,132		51,302
Core Molding Technologies, Inc. (A)	1,000		6,410
Element Solutions, Inc. (A)	14,525		147,865
Flotek Industries, Inc. (A)	1,771		3,896
FutureFuel Corp.	4,276		51,055
Hawkins, Inc.	730		31,025
HB Fuller Company	3,426		159,515
Huntsman Corp.	10,469		243,509
Innophos Holdings, Inc.	1,309		42,490
Innospec, Inc.	1,994		177,745
Intrepid Potash, Inc. (A)	5,049		16,510
Kraton Corp. (A)	3,085		99,615
LSB Industries, Inc. (A)	567		2,937
Minerals Technologies, Inc.	2,502		132,831
Olin Corp.	6,642		124,338
PolyOne Corp.	20,721		676,541
PQ Group Holdings, Inc. (A)	1,655		26,381
Rayonier Advanced Materials, Inc.	800		3,464
Stepan Company	1,533		148,793
The Mosaic Company	18,022		369,451
Trecora Resources (A)	2,774		25,021
Tredegar Corp.	1,654		32,286
Trinseo SA	690		29,636
Tronox Holdings PLC, Class A	4,982		41,351
Westlake Chemical Corp.	2,025		132,678
			3,649,254
Construction materials – 0.1%
Summit Materials, Inc., Class A (A)	5,018		111,400
United States Lime & Minerals, Inc.	686		52,479
			163,879
Containers and packaging – 0.4%
Graphic Packaging Holding Company	12,264		180,894
Greif, Inc., Class A	1,678		63,579
Greif, Inc., Class B	498		22,689
Owens-Illinois, Inc.	1,355		13,916
Sonoco Products Company	1,795		104,487
Westrock Company	3,417		124,550
			510,115
Metals and mining – 1.6%
Alcoa Corp. (A)	9,078		182,195
Allegheny Technologies, Inc. (A)	4,065		82,316
Ampco-Pittsburgh Corp. (A)	1,644		6,050
Carpenter Technology Corp.	4,255		219,813
Century Aluminum Company (A)	6,579		43,652
Coeur Mining, Inc. (A)	5,562		26,753
Commercial Metals Company	5,611		97,519
Ferroglobe PLC (A)	3,057		3,454
Friedman Industries, Inc.	1,511		9,806
Haynes International, Inc.	458		16,415
Hecla Mining Company	35,139		61,845
Materion Corp.	2,348		144,073
Nexa Resources SA	900		8,469
Olympic Steel, Inc.	2,383		34,315
Reliance Steel & Aluminum Company	5,393		537,466

 

213

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Schnitzer Steel Industries, Inc., Class A	4,262	$	88,053
Steel Dynamics, Inc.	8,168		243,406
SunCoke Energy, Inc. (A)	6,433		36,282
Synalloy Corp.	2,039		32,522
TimkenSteel Corp. (A)	2,689		16,914
United States Steel Corp. (B)	9,180		106,029
Universal Stainless & Alloy Products, Inc. (A)	1,562		24,367
Worthington Industries, Inc.	3,622		130,573
			2,152,287
Paper and forest products – 0.6%
Boise Cascade Company	2,384		77,695
Clearwater Paper Corp. (A)	1,597		33,729
Domtar Corp.	5,313		190,259
Louisiana-Pacific Corp.	5,586		137,304
Mercer International, Inc.	9,458		118,603
Neenah, Inc.	193		12,568
PH Glatfelter Company	4,610		70,948
Resolute Forest Products, Inc.	9,682		45,505
Schweitzer-Mauduit International, Inc.	1,971		73,794
Verso Corp., Class A (A)	1,405		17,394
			777,799
			7,253,334
Real estate – 1.3%
Equity real estate investment trusts – 1.1%
QTS Realty Trust, Inc., Class A	13,661		702,312
STAG Industrial, Inc.	25,237		743,987
			1,446,299
Real estate management and development – 0.2%
Consolidated-Tomoka Land Company	178		11,677
Forestar Group, Inc. (A)	155		2,833
FRP Holdings, Inc. (A)	982		47,156
Griffin Industrial Realty, Inc.	892		33,851
Rafael Holdings, Inc., Class B (A)	500		10,480
RE/MAX Holdings, Inc., Class A	493		15,855
Realogy Holdings Corp. (B)	9,825		65,631
Stratus Properties, Inc. (A)	1,025		30,104
Tejon Ranch Company (A)	1,709		29,002
The St. Joe Company (A)	1,296		22,200
			268,789
			1,715,088
Utilities – 0.2%
Independent power and renewable electricity producers – 0.2%
Ormat Technologies, Inc.	2,067		153,557
TerraForm Power, Inc., Class A	3,126		56,971
			210,528
TOTAL COMMON STOCKS (Cost $123,794,428)		$	132,544,266
SECURITIES LENDING COLLATERAL – 1.4%
John Hancock Collateral Trust, 2.1169% (D)(E)	186,537		1,866,621
TOTAL SECURITIES LENDING COLLATERAL (Cost $1,866,643)		$	1,866,621

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 0.7%
Money market funds – 0.7%
State Street Institutional Treasury Money Market Fund, Premier Class, 1.9456% (D)	921,165	$	921,165
TOTAL SHORT-TERM INVESTMENTS (Cost $921,165)		$	921,165
Total Investments (Small Cap Opportunities Trust) (Cost $126,582,236) – 101.3%		$	135,332,052
Other assets and liabilities, net – (1.3%)			(1,675,028)
TOTAL NET ASSETS – 100.0%		$	133,657,024

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $1,812,833.
(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 9-30-19.
(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 Stock Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.5%
Communication services – 1.2%
Diversified telecommunication services – 0.7%
Bandwidth, Inc., Class A (A)(B)	29,527	$	1,922,503
Media – 0.5%
Cardlytics, Inc. (A)(B)	47,162		1,580,870
			3,503,373
Consumer discretionary – 18.3%
Auto components – 0.8%
LCI Industries	25,262		2,320,315
Automobiles – 0.7%
Winnebago Industries, Inc.	50,073		1,920,300
Diversified consumer services – 1.6%
Chegg, Inc. (A)(B)	90,929		2,723,324
Grand Canyon Education, Inc. (A)	20,834		2,045,899
			4,769,223
Hotels, restaurants and leisure – 3.1%
Marriott Vacations Worldwide Corp.	50,493		5,231,580
Planet Fitness, Inc., Class A (A)	44,746		2,589,451
The Cheesecake Factory, Inc.	23,200		966,976
			8,788,007
Household durables – 3.7%
Cavco Industries, Inc. (A)	16,019		3,077,090
Century Communities, Inc. (A)	72,784		2,229,374
Skyline Champion Corp. (A)	172,402		5,187,576
			10,494,040
Leisure products – 3.6%
Acushnet Holdings Corp.	150,903		3,983,839
BRP, Inc.	103,726		4,035,985
YETI Holdings, Inc. (A)(B)	79,981		2,239,468
			10,259,292
Specialty retail – 2.4%
Five Below, Inc. (A)	22,922		2,890,464
Floor & Decor Holdings, Inc., Class A (A)	77,381		3,958,038
			6,848,502

 

214

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods – 2.4%
Carter's, Inc.	51,000	$	4,651,710
Under Armour, Inc., Class C (A)	128,273		2,325,589
			6,977,299
			52,376,978
Consumer staples – 1.4%
Beverages – 0.6%
MGP Ingredients, Inc. (B)	35,345		1,755,940
Food and staples retailing – 0.8%
Performance Food Group Company (A)	48,920		2,250,809
			4,006,749
Energy – 0.7%
Oil, gas and consumable fuels – 0.7%
Viper Energy Partners LP (B)	74,941		2,073,617
Financials – 6.5%
Banks – 4.3%
Atlantic Union Bankshares Corp.	95,786		3,567,550
BancorpSouth Bank	108,614		3,216,061
CenterState Bank Corp.	80,899		1,940,363
Sterling Bancorp	178,077		3,572,225
			12,296,199
Capital markets – 0.6%
Ares Management Corp., Class A	59,875		1,605,249
Consumer finance – 0.5%
PRA Group, Inc. (A)	42,944		1,451,078
Thrifts and mortgage finance – 1.1%
MGIC Investment Corp.	259,394		3,263,177
			18,615,703
Health care – 27.2%
Biotechnology – 10.2%
ACADIA Pharmaceuticals, Inc. (A)	28,092		1,011,031
Amicus Therapeutics, Inc. (A)	209,998		1,684,184
Apellis Pharmaceuticals, Inc. (A)	68,711		1,655,248
Arena Pharmaceuticals, Inc. (A)	55,950		2,560,832
Ascendis Pharma A/S, ADR (A)	12,470		1,201,110
Blueprint Medicines Corp. (A)	16,691		1,226,288
CytomX Therapeutics, Inc. (A)	46,959		346,557
Exact Sciences Corp. (A)	37,019		3,345,407
G1 Therapeutics, Inc. (A)(B)	49,380		1,124,876
Galapagos NV, ADR (A)	24,545		3,747,040
Heron Therapeutics, Inc. (A)(B)	53,325		986,513
Iovance Biotherapeutics, Inc. (A)	67,920		1,236,144
Karyopharm Therapeutics, Inc. (A)	90,194		867,666
Orchard Therapeutics PLC, ADR (A)	108,080		1,283,990
Portola Pharmaceuticals, Inc. (A)(B)	40,590		1,088,624
Ra Pharmaceuticals, Inc. (A)	51,429		1,216,296
Rhythm Pharmaceuticals, Inc. (A)(B)	37,265		804,551
Sage Therapeutics, Inc. (A)(B)	11,107		1,558,201
Sangamo Therapeutics, Inc. (A)(B)	174,892		1,582,773
UroGen Pharma, Ltd. (A)(B)	26,300		626,726
			29,154,057
Health care equipment and supplies – 9.5%
Globus Medical, Inc., Class A (A)(B)	60,828		3,109,527
Haemonetics Corp. (A)	45,968		5,798,404
Hill-Rom Holdings, Inc.	37,238		3,918,555
Insulet Corp. (A)(B)	46,939		7,741,649
Penumbra, Inc. (A)(B)	17,496		2,353,037
Tandem Diabetes Care, Inc. (A)	72,607		4,282,361
			27,203,533
Health care providers and services – 1.3%
Amedisys, Inc. (A)	29,242		3,830,994

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology – 3.3%
HMS Holdings Corp. (A)	108,477	$	3,738,660
Omnicell, Inc. (A)	79,506		5,745,899
			9,484,559
Life sciences tools and services – 1.2%
PRA Health Sciences, Inc. (A)	33,599		3,334,029
Pharmaceuticals – 1.7%
Aerie Pharmaceuticals, Inc. (A)(B)	39,664		762,342
MyoKardia, Inc. (A)(B)	41,759		2,177,732
Reata Pharmaceuticals, Inc., Class A (A)(B)	10,651		855,169
Revance Therapeutics, Inc. (A)	76,314		992,082
			4,787,325
			77,794,497
Industrials – 17.6%
Aerospace and defense – 3.1%
Aerojet Rocketdyne Holdings, Inc. (A)	69,672		3,519,133
Axon Enterprise, Inc. (A)	28,853		1,638,273
Curtiss-Wright Corp.	28,619		3,702,440
			8,859,846
Building products – 1.2%
Advanced Drainage Systems, Inc.	103,379		3,336,040
Commercial services and supplies – 2.6%
McGrath RentCorp	59,310		4,127,383
The Brink's Company	40,748		3,380,047
			7,507,430
Construction and engineering – 1.2%
Argan, Inc.	84,004		3,300,517
Electrical equipment – 1.0%
EnerSys	42,722		2,817,089
Machinery – 7.1%
Actuant Corp., Class A	127,476		2,796,823
Chart Industries, Inc. (A)	53,133		3,313,374
ITT, Inc.	110,174		6,741,547
Rexnord Corp. (A)	279,236		7,553,334
			20,405,078
Professional services – 1.4%
TriNet Group, Inc. (A)	64,430		4,006,902
			50,232,902
Information technology – 14.6%
Electronic equipment, instruments and components – 1.4%
Zebra Technologies Corp., Class A (A)	18,920		3,904,520
IT services – 4.0%
Endava PLC, ADR (A)	50,885		1,925,997
EPAM Systems, Inc. (A)	10,346		1,886,283
LiveRamp Holdings, Inc. (A)	55,853		2,399,445
Science Applications International Corp.	61,748		5,393,688
			11,605,413
Semiconductors and semiconductor equipment – 2.9%
Entegris, Inc.	70,305		3,308,553
Tower Semiconductor, Ltd. (A)	253,499		4,877,321
			8,185,874
Software – 6.3%
DraftKings, Inc. (A)(C)(D)	327,094		909,321
Fair Isaac Corp. (A)	6,712		2,037,226
Five9, Inc. (A)(B)	48,239		2,592,364
Globant SA (A)	14,814		1,356,666
Guidewire Software, Inc. (A)(B)	29,911		3,152,021
HubSpot, Inc. (A)	12,386		1,877,841
Mimecast, Ltd. (A)	114,893		4,098,233

 

215

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Rapid7, Inc. (A)		43,289	$	1,964,888
				17,988,560
				41,684,367
Materials – 3.1%
Chemicals – 1.3%
Ingevity Corp. (A)		43,630		3,701,569
Metals and mining – 1.8%
Carpenter Technology Corp.		100,089		5,170,598
				8,872,167
Real estate – 6.9%
Equity real estate investment trusts – 5.5%
Agree Realty Corp.		49,847		3,646,308
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		169,499		4,940,896
NexPoint Residential Trust, Inc.		88,606		4,143,217
Xenia Hotels & Resorts, Inc.		149,090		3,148,781
				15,879,202
Real estate management and development – 1.4%
Kennedy-Wilson Holdings, Inc.		177,252		3,885,364
				19,764,566
TOTAL COMMON STOCKS (Cost $259,102,672)			$	278,924,919
PREFERRED SECURITIES – 0.9%
Consumer discretionary – 0.4%
Diversified consumer services – 0.4%
The Honest Company, Inc., Series D (A)(C)(D)		26,954		1,026,678
Information technology – 0.5%
Software – 0.5%
MarkLogic Corp., Series F (A)(C)(D)		153,423		1,509,682
TOTAL PREFERRED SECURITIES (Cost $3,015,165)			$	2,536,360
SECURITIES LENDING COLLATERAL – 10.2%
John Hancock Collateral Trust, 2.1169% (E)(F)		2,914,875		29,168,280
TOTAL SECURITIES LENDING COLLATERAL (Cost $29,169,183)			$	29,168,280
SHORT-TERM INVESTMENTS – 1.2%
Repurchase agreement – 1.2%
Societe Generale SA Tri-Party Repurchase Agreement dated 9-30-19 at 2.320% to be repurchased at $3,400,219 on 10-1-19, collateralized by $789,910 Federal National Mortgage Association, 3.500% due 6-1-49 (valued at $813,732, including interest) and $2,505,380 Government National Mortgage Association, 4.500% - 5.000% due 4-20-48 to 1-20-49 (valued at $2,654,268, including interest)	$	3,400,000		3,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,400,000)			$	3,400,000
Total Investments (Small Cap Stock Trust) (Cost $294,687,020) – 109.8%			$	314,029,559
Other assets and liabilities, net – (9.8%)				(28,079,667)
TOTAL NET ASSETS – 100.0%			$	285,949,892

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.

Small Cap Stock Trust (continued)

(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $28,503,603.
(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 9-30-19.
(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 Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.4%
Consumer discretionary – 5.8%
Auto components – 1.9%
Cooper Tire & Rubber Company	149,041	$	3,892,951
Gentherm, Inc. (A)	136,699		5,616,278
			9,509,229
Hotels, restaurants and leisure – 0.2%
Aramark	26,930		1,173,609
Household durables – 2.3%
Helen of Troy, Ltd. (A)	25,380		4,001,411
TRI Pointe Group, Inc. (A)	484,445		7,286,053
			11,287,464
Specialty retail – 0.5%
The Cato Corp., Class A	142,246		2,504,952
Textiles, apparel and luxury goods – 0.9%
Kontoor Brands, Inc.	122,230		4,290,273
			28,765,527
Consumer staples – 4.4%
Beverages – 1.6%
C&C Group PLC	1,783,763		8,070,380
Food products – 1.6%
Cranswick PLC	193,250		7,006,297
Post Holdings, Inc. (A)	6,025		637,686
			7,643,983
Household products – 1.2%
Spectrum Brands Holdings, Inc.	109,325		5,763,614
			21,477,977
Energy – 5.7%
Energy equipment and services – 2.0%
Era Group, Inc. (A)	221,752		2,341,701
SEACOR Holdings, Inc. (A)	115,783		5,449,906
SEACOR Marine Holdings, Inc. (A)	172,073		2,162,958
			9,954,565
Oil, gas and consumable fuels – 3.7%
Dorian LPG, Ltd. (A)	398,217		4,125,525
Kosmos Energy, Ltd.	738,460		4,607,990
Magnolia Oil & Gas Corp., Class A (A)(B)	400,640		4,447,104
Scorpio Tankers, Inc.	164,832		4,905,400
			18,086,019
			28,040,584
Financials – 18.5%
Banks – 12.6%
1st Source Corp.	102,515		4,688,011
Atlantic Union Bankshares Corp.	188,830		7,032,973
Banc of California, Inc. (B)	487,825		6,897,846
First Busey Corp.	225,253		5,694,396
First Midwest Bancorp, Inc.	503,686		9,811,803

 

216

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Flushing Financial Corp.	250,446	$	5,060,261
Great Western Bancorp, Inc.	248,006		8,184,198
Hancock Whitney Corp.	21,915		839,235
International Bancshares Corp.	220,189		8,503,699
Synovus Financial Corp.	140,208		5,013,838
Webster Financial Corp.	13,405		628,292
			62,354,552
Capital markets – 1.2%
Ares Capital Corp.	23,011		428,810
Solar Capital, Ltd.	265,004		5,472,333
			5,901,143
Insurance – 2.9%
Alleghany Corp. (A)	1,903		1,518,137
Assured Guaranty, Ltd.	12,550		557,973
Kemper Corp.	80,305		6,259,775
Reinsurance Group of America, Inc.	4,890		781,813
White Mountains Insurance Group, Ltd. (B)	4,830		5,216,400
			14,334,098
Thrifts and mortgage finance – 1.8%
Northwest Bancshares, Inc.	530,845		8,700,550
			91,290,343
Health care – 3.2%
Health care equipment and supplies – 0.6%
Natus Medical, Inc. (A)	91,265		2,905,878
STERIS PLC	1,265		182,780
			3,088,658
Health care providers and services – 0.9%
AMN Healthcare Services, Inc. (A)	76,180		4,384,921
Health care technology – 1.7%
Allscripts Healthcare Solutions, Inc. (A)	777,842		8,540,705
			16,014,284
Industrials – 31.9%
Aerospace and defense – 0.8%
Astronics Corp. (A)	137,773		4,047,771
Air freight and logistics – 1.5%
Forward Air Corp.	115,835		7,381,006
Building products – 3.0%
American Woodmark Corp. (A)	96,590		8,587,817
Tyman PLC	2,171,539		6,435,192
			15,023,009
Commercial services and supplies – 5.4%
ACCO Brands Corp.	729,990		7,205,001
BrightView Holdings, Inc. (A)	135,692		2,327,118
Clean Harbors, Inc. (A)	10,050		775,860
Matthews International Corp., Class A	120,780		4,274,404
SP Plus Corp. (A)	159,153		5,888,661
Steelcase, Inc., Class A	329,670		6,065,928
			26,536,972
Construction and engineering – 2.2%
Primoris Services Corp.	183,770		3,603,730
Valmont Industries, Inc.	50,980		7,057,671
			10,661,401
Electrical equipment – 1.5%
Thermon Group Holdings, Inc. (A)	327,438		7,524,525
Machinery – 8.9%
Albany International Corp., Class A	29,714		2,679,014
ESCO Technologies, Inc.	127,312		10,128,943
Luxfer Holdings PLC	382,309		5,956,374
Mueller Industries, Inc.	370,365		10,622,068

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
SPX FLOW, Inc. (A)	36,610	$	1,444,631
TriMas Corp. (A)	419,321		12,852,189
			43,683,219
Professional services – 6.5%
CBIZ, Inc. (A)	83,403		1,959,971
Forrester Research, Inc.	135,928		4,368,726
FTI Consulting, Inc. (A)	18,360		1,945,976
Huron Consulting Group, Inc. (A)	162,176		9,947,876
ICF International, Inc.	70,695		5,971,607
Mistras Group, Inc. (A)	45,233		741,821
Navigant Consulting, Inc.	254,230		7,105,729
			32,041,706
Road and rail – 0.8%
Saia, Inc. (A)	40,480		3,792,976
Trading companies and distributors – 1.3%
GATX Corp.	85,805		6,652,462
			157,345,047
Information technology – 7.6%
Electronic equipment, instruments and components – 4.7%
Belden, Inc.	204,194		10,891,708
Coherent, Inc. (A)(B)	28,100		4,319,532
CTS Corp.	200,740		6,495,946
ScanSource, Inc. (A)	37,685		1,151,277
			22,858,463
IT services – 2.0%
WNS Holdings, Ltd., ADR (A)	169,929		9,983,329
Semiconductors and semiconductor equipment – 0.8%
Rudolph Technologies, Inc. (A)	154,460		4,071,566
Software – 0.1%
CDK Global, Inc.	10,820		520,334
			37,433,692
Materials – 5.9%
Chemicals – 4.2%
Orion Engineered Carbons SA	468,395		7,826,880
Sensient Technologies Corp.	102,680		7,048,982
Stepan Company	62,140		6,031,308
			20,907,170
Containers and packaging – 0.2%
Sealed Air Corp.	19,100		792,841
Paper and forest products – 1.5%
Neenah, Inc. (B)	112,335		7,315,255
			29,015,266
Real estate – 12.4%
Equity real estate investment trusts – 12.4%
Alexander & Baldwin, Inc.	358,800		8,794,188
Brandywine Realty Trust	435,390		6,596,159
Corporate Office Properties Trust	286,847		8,542,304
DiamondRock Hospitality Company	460,963		4,724,871
Physicians Realty Trust	518,070		9,195,743
PotlatchDeltic Corp.	222,617		9,146,219
RPT Realty	660,702		8,952,512
Summit Hotel Properties, Inc.	431,274		5,002,778
			60,954,774
Utilities – 2.0%
Gas utilities – 2.0%
New Jersey Resources Corp.	85,753		3,877,751
Spire, Inc.	54,990		4,797,328
UGI Corp.	20,295		1,020,230
			9,695,309
TOTAL COMMON STOCKS (Cost $408,298,698)		$	480,032,803

 

217

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

		Shares or Principal Amount	Value
SECURITIES LENDING COLLATERAL – 1.1%
John Hancock Collateral Trust, 2.1169% (C)(D)		555,295	$	5,556,666
TOTAL SECURITIES LENDING COLLATERAL (Cost $5,556,883)			$	5,556,666
SHORT-TERM INVESTMENTS – 2.6%
Repurchase agreement – 2.6%
Bank of America Tri-Party Repurchase Agreement dated 9-30-19 at 2.320% to be repurchased at $12,800,825 on 10-1-19, collateralized by $11,871,505 Government National Mortgage Association, 4.274% - 4.479% due 6-20-68 to 8-20-69 (valued at $13,056,001, including interest)	$	12,800,000		12,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $12,800,000)			$	12,800,000
Total Investments (Small Cap Value Trust) (Cost $426,655,581) – 101.1%			$	498,389,469
Other assets and liabilities, net – (1.1%)				(5,185,112)
TOTAL NET ASSETS – 100.0%			$	493,204,357

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $5,406,572.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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 – 98.5%
Communication services – 2.1%
Entertainment – 0.3%
Rosetta Stone, Inc. (A)	30,736	$	534,806
Media – 1.8%
Cable One, Inc.	1,688		2,117,934
Scholastic Corp.	13,677		516,444
			2,634,378
			3,169,184
Consumer discretionary – 9.0%
Auto components – 2.0%
Dorman Products, Inc. (A)	14,199		1,129,388
Garrett Motion, Inc. (A)	49,831		496,317
LCI Industries	9,085		834,457
Visteon Corp. (A)	5,884		485,665
			2,945,827
Distributors – 1.2%
Pool Corp.	8,803		1,775,565
Diversified consumer services – 1.3%
American Public Education, Inc. (A)	13,285		296,787
Strategic Education, Inc.	11,600		1,576,208
			1,872,995
Hotels, restaurants and leisure – 0.6%
Marriott Vacations Worldwide Corp.	4,582		474,741
Papa John's International, Inc.	1,039		54,392
Red Robin Gourmet Burgers, Inc. (A)	10,590		352,223
			881,356

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables – 0.9%
Cavco Industries, Inc. (A)	7,060	$	1,356,155
Specialty retail – 2.0%
Aaron's, Inc.	30,576		1,964,814
Express, Inc. (A)	42,767		147,118
Lumber Liquidators Holdings, Inc. (A)	20,549		202,819
Monro, Inc.	9,200		726,892
			3,041,643
Textiles, apparel and luxury goods – 1.0%
Culp, Inc.	23,648		385,462
Steven Madden, Ltd.	30,490		1,091,237
			1,476,699
			13,350,240
Consumer staples – 2.8%
Food and staples retailing – 0.1%
Grocery Outlet Holding Corp. (A)	4,867		168,788
Food products – 2.7%
Nomad Foods, Ltd. (A)	96,333		1,974,827
Post Holdings, Inc. (A)	10,478		1,108,992
The Hain Celestial Group, Inc. (A)	6,900		148,178
The Simply Good Foods Company (A)	27,679		802,414
			4,034,411
			4,203,199
Energy – 5.5%
Energy equipment and services – 2.1%
Apergy Corp. (A)	21,316		576,598
Cactus, Inc., Class A (A)	16,557		479,160
Dril-Quip, Inc. (A)	8,080		405,454
Frank's International NV (A)	64,269		305,278
Keane Group, Inc. (A)(B)	97,258		589,383
Liberty Oilfield Services, Inc., Class A (B)	17,332		187,706
TETRA Technologies, Inc. (A)	270,625		543,956
			3,087,535
Oil, gas and consumable fuels – 3.4%
Delek US Holdings, Inc. (B)	7,900		286,770
International Seaways, Inc. (A)	41,606		801,327
Jagged Peak Energy, Inc. (A)(B)	44,747		324,863
Kimbell Royalty Partners LP (B)	23,018		338,595
Kosmos Energy, Ltd.	79,859		498,320
Magnolia Oil & Gas Corp., Class A (A)(B)	44,200		490,620
Matador Resources Company (A)	41,096		679,317
REX American Resources Corp. (A)	9,668		737,958
WPX Energy, Inc. (A)	90,291		956,182
			5,113,952
			8,201,487
Financials – 27.3%
Banks – 16.3%
Atlantic Capital Bancshares, Inc. (A)	21,420		371,423
BankUnited, Inc.	46,885		1,576,274
BOK Financial Corp.	8,817		697,866
CenterState Bank Corp.	40,300		966,596
Columbia Banking System, Inc.	37,964		1,400,872
CrossFirst Bankshares, Inc. (A)	19,106		273,311
East West Bancorp, Inc.	17,100		757,359
FB Financial Corp.	24,239		910,174
Glacier Bancorp, Inc.	28,633		1,158,491
HarborOne Bancorp, Inc. (A)	58,500		588,803
Heritage Commerce Corp.	36,556		429,716
Heritage Financial Corp.	22,883		616,926
Home BancShares, Inc.	119,396		2,244,048

 

218

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Hope Bancorp, Inc.	51,869	$	743,801
Howard Bancorp, Inc. (A)	25,822		430,969
Live Oak Bancshares, Inc. (B)	17,798		322,144
National Bank Holdings Corp., Class A	34,281		1,172,067
Origin Bancorp, Inc.	15,563		525,096
Pinnacle Financial Partners, Inc.	23,302		1,322,389
Popular, Inc.	20,475		1,107,288
Prosperity Bancshares, Inc. (B)	16,749		1,182,982
SVB Financial Group (A)	1,580		330,141
Texas Capital Bancshares, Inc. (A)	15,090		824,669
Towne Bank	49,945		1,388,721
Webster Financial Corp.	24,655		1,155,580
Western Alliance Bancorp	19,453		896,394
Wintrust Financial Corp.	11,767		760,501
			24,154,601
Capital markets – 2.3%
Cboe Global Markets, Inc.	3,340		383,799
Hercules Capital, Inc.	59,227		791,865
Houlihan Lokey, Inc.	21,362		963,426
Main Street Capital Corp. (B)	15,474		668,632
Virtus Investment Partners, Inc.	4,895		541,240
			3,348,962
Consumer finance – 0.2%
Green Dot Corp., Class A (A)	11,553		291,713
SLM Corp.	8,700		76,778
			368,491
Diversified financial services – 0.1%
Conyers Park II Acquisition Corp. (A)	20,312		215,917
Insurance – 2.9%
Assured Guaranty, Ltd.	8,551		380,177
Axis Capital Holdings, Ltd.	6,121		408,393
Employers Holdings, Inc.	14,650		638,447
James River Group Holdings, Ltd.	2,900		148,596
Palomar Holdings, Inc. (A)(B)	5,562		219,254
ProAssurance Corp.	22,514		906,639
Safety Insurance Group, Inc.	6,646		673,439
State Auto Financial Corp.	26,576		860,797
			4,235,742
Mortgage real estate investment trusts – 1.1%
Capstead Mortgage Corp.	82,473		606,177
PennyMac Mortgage Investment Trust	25,124		558,507
Redwood Trust, Inc.	31,793		521,723
			1,686,407
Thrifts and mortgage finance – 4.4%
Meridian Bancorp, Inc.	48,691		912,956
PCSB Financial Corp.	26,403		527,796
PDL Community Bancorp (A)	26,748		376,077
PennyMac Financial Services, Inc. (A)	40,871		1,241,661
Radian Group, Inc.	53,213		1,215,385
Sterling Bancorp, Inc.	33,450		326,472
WSFS Financial Corp.	44,815		1,976,342
			6,576,689
			40,586,809
Health care – 6.6%
Biotechnology – 0.7%
Momenta Pharmaceuticals, Inc. (A)	31,718		411,065
Radius Health, Inc. (A)	7,900		203,425
Ultragenyx Pharmaceutical, Inc. (A)	2,338		100,020
Xencor, Inc. (A)	9,100		306,943
			1,021,453
Health care equipment and supplies – 3.9%
Atrion Corp.	1,824		1,421,206

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Avanos Medical, Inc. (A)	26,803	$	1,004,040
Envista Holdings Corp. (A)	24,253		676,174
Mesa Laboratories, Inc.	2,903		690,246
Quidel Corp. (A)	18,377		1,127,429
West Pharmaceutical Services, Inc.	6,000		850,920
			5,770,015
Health care providers and services – 1.6%
Molina Healthcare, Inc. (A)	3,213		352,530
Select Medical Holdings Corp. (A)	59,532		986,445
The Ensign Group, Inc.	21,338		1,012,061
			2,351,036
Health care technology – 0.2%
Health Catalyst, Inc. (A)(B)	3,312		104,792
Phreesia, Inc. (A)(B)	8,789		213,045
			317,837
Life sciences tools and services – 0.0%
10X Genomics, Inc., Class A (A)	1,077		54,281
Pharmaceuticals – 0.2%
Cara Therapeutics, Inc. (A)(B)	12,925		236,269
			9,750,891
Industrials – 14.2%
Aerospace and defense – 2.4%
Cubic Corp.	19,515		1,374,441
Parsons Corp. (A)	13,658		450,441
Triumph Group, Inc.	78,369		1,793,083
			3,617,965
Building products – 0.8%
Universal Forest Products, Inc.	29,261		1,166,929
Commercial services and supplies – 2.5%
Brady Corp., Class A	13,190		699,730
McGrath RentCorp	15,850		1,103,002
MSA Safety, Inc.	6,202		676,700
Stericycle, Inc. (A)(B)	15,356		782,081
The Brink's Company	5,850		485,258
			3,746,771
Construction and engineering – 0.9%
Aegion Corp. (A)	61,388		1,312,475
Electrical equipment – 0.4%
Thermon Group Holdings, Inc. (A)	21,769		500,252
Machinery – 2.9%
Blue Bird Corp. (A)	23,973		456,326
CIRCOR International, Inc. (A)(B)	25,120		943,256
ESCO Technologies, Inc.	16,160		1,285,690
Helios Technologies, Inc.	19,771		802,109
RBC Bearings, Inc. (A)	4,015		666,129
SPX Corp. (A)	3,800		152,038
			4,305,548
Marine – 0.4%
Kirby Corp. (A)	7,300		599,768
Professional services – 1.8%
Clarivate Analytics PLC (A)(B)	22,438		378,529
FTI Consulting, Inc. (A)	17,494		1,854,189
Huron Consulting Group, Inc. (A)	8,062		494,523
			2,727,241
Road and rail – 1.7%
Genesee & Wyoming, Inc., Class A (A)	3,302		364,904
Landstar System, Inc.	15,297		1,722,136
Universal Logistics Holdings, Inc.	17,349		403,885
			2,490,925

 

219

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors – 0.4%
Beacon Roofing Supply, Inc. (A)	18,393	$	616,717
			21,084,591
Information technology – 9.2%
Communications equipment – 0.8%
Harmonic, Inc. (A)	181,104		1,191,664
Electronic equipment, instruments and components – 3.9%
Belden, Inc.	45,483		2,426,063
Knowles Corp. (A)	63,196		1,285,407
Littelfuse, Inc.	11,532		2,044,739
			5,756,209
IT services – 0.6%
Conduent, Inc. (A)	39,705		246,965
GTT Communications, Inc. (A)(B)	24,700		232,674
I3 Verticals, Inc., Class A (A)	23,290		468,595
			948,234
Semiconductors and semiconductor equipment – 2.1%
Cabot Microelectronics Corp.	9,358		1,321,443
Entegris, Inc.	12,576		591,827
MaxLinear, Inc. (A)	31,850		712,803
Rudolph Technologies, Inc. (A)	15,000		395,400
Semtech Corp. (A)	2,353		114,379
			3,135,852
Software – 1.8%
Ceridian HCM Holding, Inc. (A)(B)	18,945		935,315
Cision, Ltd. (A)	35,017		269,281
Cloudflare, Inc., Class A (A)	21,879		406,293
Q2 Holdings, Inc. (A)	2,405		189,682
RealPage, Inc. (A)(B)	6,982		438,889
Zendesk, Inc. (A)	6,165		449,305
			2,688,765
			13,720,724
Materials – 4.3%
Chemicals – 1.4%
American Vanguard Corp.	25,495		400,272
Balchem Corp. (B)	1,700		168,623
Minerals Technologies, Inc.	14,526		771,185
Quaker Chemical Corp. (B)	4,418		698,663
			2,038,743
Containers and packaging – 0.7%
Myers Industries, Inc.	59,115		1,043,380
Metals and mining – 1.8%
Carpenter Technology Corp.	22,593		1,167,154
Constellium SE (A)	66,080		839,877
Reliance Steel & Aluminum Company	7,263		723,831
			2,730,862
Paper and forest products – 0.4%
Clearwater Paper Corp. (A)	25,074		529,563
			6,342,548
Real estate – 10.8%
Equity real estate investment trusts – 10.2%
Acadia Realty Trust	21,553		615,985
American Campus Communities, Inc.	16,504		793,512
Cedar Realty Trust, Inc.	228,417		685,251
Douglas Emmett, Inc.	15,000		642,450
EastGroup Properties, Inc.	10,061		1,257,826
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	35,066		1,022,174
Healthcare Realty Trust, Inc.	40,165		1,345,528
JBG SMITH Properties	32,299		1,266,444
Kilroy Realty Corp.	9,589		746,887
PotlatchDeltic Corp.	28,813		1,183,782

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
PS Business Parks, Inc.	7,531	$	1,370,265
QTS Realty Trust, Inc., Class A	4,586		235,766
Saul Centers, Inc.	14,945		814,652
Sunstone Hotel Investors, Inc.	72,859		1,001,083
Terreno Realty Corp.	32,948		1,683,313
Washington Real Estate Investment Trust	14,541		397,842
			15,062,760
Real estate management and development – 0.6%
The St. Joe Company (A)(B)	53,091		909,449
			15,972,209
Utilities – 6.7%
Electric utilities – 2.4%
MGE Energy, Inc.	8,684		693,591
PNM Resources, Inc.	39,067		2,034,609
Portland General Electric Company	13,409		755,865
			3,484,065
Gas utilities – 3.6%
Atmos Energy Corp.	2,502		284,953
Chesapeake Utilities Corp.	18,794		1,791,444
ONE Gas, Inc.	20,004		1,922,584
RGC Resources, Inc.	6,884		201,288
Southwest Gas Holdings, Inc.	11,924		1,085,561
			5,285,830
Multi-utilities – 0.2%
NorthWestern Corp.	4,166		312,658
Water utilities – 0.5%
California Water Service Group (B)	14,795		783,099
			9,865,652
TOTAL COMMON STOCKS (Cost $120,465,202)		$	146,247,534
SECURITIES LENDING COLLATERAL – 5.4%
John Hancock Collateral Trust, 2.1169% (C)(D)	810,346		8,108,891
TOTAL SECURITIES LENDING COLLATERAL (Cost $8,109,145)		$	8,108,891
SHORT-TERM INVESTMENTS – 1.3%
Money market funds – 1.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (C)	500,000		500,000
T. Rowe Price Government Reserve Fund, 2.0381% (C)	1,419,698		1,419,698
			1,919,698
TOTAL SHORT-TERM INVESTMENTS (Cost $1,919,698)		$	1,919,698
Total Investments (Small Company Value Trust) (Cost $130,494,045) – 105.2%		$	156,276,123
Other assets and liabilities, net – (5.2%)			(7,794,421)
TOTAL NET ASSETS – 100.0%		$	148,481,702

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $7,891,509.
(C)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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.

 

220

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.9%
Communication services – 7.7%
Diversified telecommunication services – 1.9%
Anterix, Inc. (A)	1,725	$	62,445
AT&T, Inc.	1,568,589		59,355,408
ATN International, Inc.	1,956		114,172
Bandwidth, Inc., Class A (A)	2,866		186,605
BT Group PLC	1,870,604		4,103,005
Cellnex Telecom SA (A)(B)	43,078		1,779,274
CenturyLink, Inc.	210,739		2,630,023
Cincinnati Bell, Inc. (A)(C)	9,367		47,491
Cogent Communications Holdings, Inc.	7,312		402,891
Consolidated Communications Holdings, Inc. (C)	13,106		62,385
Deutsche Telekom AG	739,351		12,401,139
Elisa OYJ	31,518		1,624,885
Frontier Communications Corp. (A)(C)	19,661		17,046
HKT Trust & HKT, Ltd.	840,421		1,333,177
IDT Corp., Class B (A)	3,194		33,633
Iliad SA	5,869		551,220
Intelsat SA (A)	11,884		270,955
Iridium Communications, Inc. (A)(C)	17,466		371,676
Koninklijke KPN NV	792,759		2,470,585
Nippon Telegraph & Telephone Corp.	142,758		6,830,067
Ooma, Inc. (A)	3,819		39,718
Orange SA	442,447		6,925,156
ORBCOMM, Inc. (A)	14,190		67,544
Pareteum Corp. (A)(C)	19,656		25,356
PCCW, Ltd. (C)	945,317		530,693
Proximus SADP	33,669		1,000,440
Singapore Telecommunications, Ltd.	1,437,549		3,225,475
Singapore Telecommunications, Ltd.	374,305		842,894
Spark New Zealand, Ltd.	407,514		1,125,586
Swisscom AG	5,744		2,833,931
Telecom Italia SpA (A)	2,024,255		1,155,823
Telecom Italia SpA	1,334,265		729,840
Telefonica Deutschland Holding AG	197,744		551,250
Telefonica SA	1,036,586		7,920,701
Telenor ASA	163,260		3,275,632
Telia Company AB	606,888		2,714,913
Telstra Corp., Ltd.	923,705		2,189,608
TPG Telecom, Ltd.	82,542		386,867
United Internet AG	27,261		971,433
Verizon Communications, Inc.	887,873		53,592,014
Vonage Holdings Corp. (A)	39,794		449,672
			185,202,628
Entertainment – 1.3%
Activision Blizzard, Inc.	164,657		8,713,648
AMC Entertainment Holdings, Inc., Class A (C)	9,276		99,253
Cinemark Holdings, Inc.	41,862		1,617,548
Electronic Arts, Inc. (A)	63,265		6,188,582
Eros International PLC (A)(C)	11,151		21,298
Glu Mobile, Inc. (A)	20,696		103,273
IMAX Corp. (A)	9,179		201,479
Konami Holdings Corp.	20,609		998,374
Liberty Media Corp.-Liberty Braves, Class A (A)	2,069		57,580
Liberty Media Corp.-Liberty Braves, Class C (A)	6,214		172,439
Live Nation Entertainment, Inc. (A)	54,607		3,622,628
Netflix, Inc. (A)	93,990		25,153,604
Nexon Company, Ltd. (A)	109,206		1,326,872
Nintendo Company, Ltd.	24,839		9,252,437
Reading International, Inc., Class A (A)	3,320		39,707
Rosetta Stone, Inc. (A)	3,760		65,424
Take-Two Interactive Software, Inc. (A)	24,296		3,045,261

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
The Marcus Corp.	3,998	$	147,966
The Walt Disney Company	386,701		50,394,874
Toho Company, Ltd.	25,108		1,102,111
Ubisoft Entertainment SA (A)	18,543		1,336,776
Viacom, Inc., Class B	75,985		1,825,920
Vivendi SA	203,218		5,560,603
World Wrestling Entertainment, Inc., Class A (C)	18,676		1,328,797
			122,376,454
Interactive media and services – 2.8%
Alphabet, Inc., Class A (A)	64,300		78,519,302
Alphabet, Inc., Class C (A)	64,871		79,077,749
Auto Trader Group PLC (B)	205,685		1,289,164
Care.com, Inc. (A)	4,071		42,542
CarGurus, Inc. (A)	13,198		408,478
Cars.com, Inc. (A)	11,986		107,634
DHI Group, Inc. (A)	9,836		37,869
Eventbrite, Inc., Class A (A)(C)	6,569		116,337
EverQuote, Inc., Class A (A)	1,502		32,053
Facebook, Inc., Class A (A)	516,435		91,966,745
Kakaku.com, Inc.	30,100		743,574
Liberty TripAdvisor Holdings, Inc., Class A (A)	13,128		123,534
LINE Corp. (A)	13,300		477,276
QuinStreet, Inc. (A)(C)	8,197		103,200
REA Group, Ltd.	11,667		852,942
The Meet Group, Inc. (A)	13,756		45,051
TripAdvisor, Inc. (A)	22,539		871,809
TrueCar, Inc. (A)	18,972		64,505
Twitter, Inc. (A)	165,943		6,836,852
Yahoo Japan Corp.	590,354		1,663,254
Yelp, Inc. (A)	37,617		1,307,191
			264,687,061
Media – 1.1%
AMC Networks, Inc., Class A (A)	17,340		852,434
Axel Springer SE (C)	10,761		742,416
Boston Omaha Corp., Class A (A)(C)	1,947		38,609
Cable One, Inc.	1,972		2,474,268
Cardlytics, Inc. (A)	2,518		84,403
CBS Corp., Class B	70,247		2,835,871
Central European Media Enterprises, Ltd., Class A (A)	16,417		73,794
Charter Communications, Inc., Class A (A)	34,708		14,303,861
Clear Channel Outdoor Holdings, Inc. (A)	8,030		20,236
Comcast Corp., Class A	973,642		43,891,781
comScore, Inc. (A)	9,463		18,074
Cumulus Media, Inc., Class A (A)	2,695		39,185
CyberAgent, Inc.	22,400		863,458
Daily Journal Corp. (A)(C)	210		51,988
Dentsu, Inc.	47,965		1,696,045
Discovery, Inc., Series A (A)(C)	33,926		903,449
Discovery, Inc., Series C (A)	74,481		1,833,722
DISH Network Corp., Class A (A)	51,647		1,759,613
Emerald Expositions Events, Inc.	4,792		46,626
Entercom Communications Corp., Class A	22,474		75,063
Entravision Communications Corp., Class A	12,154		38,650
Eutelsat Communications SA	38,663		719,209
Fluent, Inc. (A)(C)	8,125		22,222
Fox Corp., Class A	76,086		2,399,372
Fox Corp., Class B	34,855		1,099,327
Gannett Company, Inc.	18,795		201,858

 

221

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Gray Television, Inc. (A)	16,058	$	262,067
Hakuhodo DY Holdings, Inc.	51,673		750,840
Hemisphere Media Group, Inc. (A)	3,650		44,603
Informa PLC	277,544		2,906,694
ITV PLC	802,694		1,243,304
JCDecaux SA	16,492		446,281
John Wiley & Sons, Inc., Class A (C)	17,291		759,767
Liberty Latin America, Ltd., Class A (A)	8,930		152,435
Liberty Latin America, Ltd., Class C (A)	19,247		329,027
Loral Space & Communications, Inc. (A)	2,359		97,663
Marchex, Inc., Class B (A)	7,478		23,481
MDC Partners, Inc., Class A (A)	11,408		32,171
Media General, Inc. (A)(D)	23,288		2,236
Meredith Corp.	22,772		834,822
MSG Networks, Inc., Class A (A)	10,398		168,656
National CineMedia, Inc.	11,456		93,939
New Media Investment Group, Inc. (C)	11,053		97,377
News Corp., Class A	82,785		1,152,367
News Corp., Class B	26,142		373,700
Omnicom Group, Inc.	46,696		3,656,297
Pearson PLC	173,223		1,570,817
Publicis Groupe SA	46,921		2,308,758
RTL Group SA	8,568		411,960
Schibsted ASA, B Shares	21,740		609,675
Scholastic Corp.	5,240		197,862
SES SA	80,800		1,472,778
Singapore Press Holdings, Ltd.	358,732		540,231
TechTarget, Inc. (A)	4,176		94,064
TEGNA, Inc.	123,073		1,911,324
Telenet Group Holding NV	10,251		483,741
The EW Scripps Company, Class A	9,890		131,339
The Interpublic Group of Companies, Inc.	83,125		1,792,175
The New York Times Company, Class A (C)	56,439		1,607,383
WideOpenWest, Inc. (A)	4,662		28,718
WPP PLC	279,823		3,503,764
			107,177,850
Wireless telecommunication services – 0.6%
1&1 Drillisch AG (C)	11,744		366,083
Boingo Wireless, Inc. (A)	7,906		87,757
Gogo, Inc. (A)(C)	10,638		64,147
KDDI Corp.	391,843		10,224,254
Millicom International Cellular SA (C)	14,690		712,860
NTT DOCOMO, Inc.	295,952		7,557,024
Shenandoah Telecommunications Company	8,524		270,807
Softbank Corp. (C)	371,700		5,036,414
SoftBank Group Corp.	366,274		14,453,322
Spok Holdings, Inc.	3,798		45,348
Tele2 AB, B Shares	110,719		1,646,659
Telephone & Data Systems, Inc.	38,313		988,475
T-Mobile US, Inc. (A)	67,868		5,345,962
Vodafone Group PLC	5,927,984		11,810,348
			58,609,460
			738,053,453
Consumer discretionary – 10.4%
Auto components – 0.5%
Adient PLC	49,593		1,138,655
Aisin Seiki Company, Ltd.	35,958		1,136,863
American Axle & Manufacturing Holdings, Inc. (A)	19,832		163,019
Aptiv PLC	54,997		4,807,838
BorgWarner, Inc.	44,332		1,626,098

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Auto components (continued)
Bridgestone Corp.	126,706	$	4,930,878
Cie Generale des Etablissements Michelin SCA	37,898		4,219,679
Continental AG	24,404		3,131,202
Cooper Tire & Rubber Company	8,685		226,852
Cooper-Standard Holdings, Inc. (A)	2,969		121,373
Dana, Inc.	81,768		1,180,730
Delphi Technologies PLC	34,206		458,360
Denso Corp.	96,195		4,250,605
Dorman Products, Inc. (A)	4,690		373,043
Faurecia SE	16,827		797,701
Fox Factory Holding Corp. (A)	6,626		412,402
Gentex Corp.	100,043		2,754,684
Gentherm, Inc. (A)	5,744		235,992
Koito Manufacturing Company, Ltd.	23,166		1,140,321
LCI Industries	4,250		390,363
Modine Manufacturing Company (A)	8,870		100,852
Motorcar Parts of America, Inc. (A)	3,493		59,032
NGK Spark Plug Company, Ltd.	34,699		665,762
Nokian Renkaat OYJ	27,530		775,971
Pirelli & C. SpA (B)	88,791		525,811
Standard Motor Products, Inc.	3,610		175,266
Stanley Electric Company, Ltd.	29,067		774,213
Stoneridge, Inc. (A)(C)	4,654		144,134
Sumitomo Electric Industries, Ltd.	167,343		2,135,535
Sumitomo Rubber Industries, Ltd.	37,956		451,979
Tenneco, Inc., Class A	9,013		112,843
The Goodyear Tire & Rubber Company	91,305		1,315,249
The Yokohama Rubber Company, Ltd.	26,354		529,631
Toyoda Gosei Company, Ltd.	14,403		289,952
Toyota Industries Corp.	32,553		1,879,579
Valeo SA	53,278		1,726,581
Visteon Corp. (A)	15,876		1,310,405
			46,469,453
Automobiles – 1.1%
Bayerische Motoren Werke AG (C)	73,456		5,173,234
Daimler AG	201,759		10,030,836
Ferrari NV	27,104		4,182,500
Fiat Chrysler Automobiles NV	240,686		3,118,764
Ford Motor Company	841,288		7,706,198
General Motors Company	269,711		10,108,768
Harley-Davidson, Inc. (C)	33,646		1,210,247
Honda Motor Company, Ltd.	361,673		9,470,203
Isuzu Motors, Ltd.	122,346		1,355,275
Mazda Motor Corp.	126,100		1,130,274
Mitsubishi Motors Corp.	148,737		648,909
Nissan Motor Company, Ltd.	515,076		3,215,802
Peugeot SA	130,409		3,254,844
Renault SA	42,612		2,445,635
Subaru Corp.	136,527		3,860,995
Suzuki Motor Corp.	81,743		3,482,195
Thor Industries, Inc. (C)	21,622		1,224,670
Toyota Motor Corp.	506,800		34,036,800
Volkswagen AG	7,335		1,260,916
Winnebago Industries, Inc.	5,447		208,892
Yamaha Motor Company, Ltd.	62,113		1,132,327
			108,258,284
Distributors – 0.1%
Core-Mark Holding Company, Inc.	8,033		257,980
Funko, Inc., Class A (A)	3,075		63,268
Genuine Parts Company	31,358		3,122,943
Jardine Cycle & Carriage, Ltd.	21,967		477,095
LKQ Corp. (A)	66,162		2,080,795
Pool Corp.	15,676		3,161,849

 

222

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Distributors (continued)
Weyco Group, Inc.	1,134	$	25,640
			9,189,570
Diversified consumer services – 0.1%
Adtalem Global Education, Inc. (A)	31,447		1,197,816
American Public Education, Inc. (A)	2,923		65,300
Benesse Holdings, Inc.	15,855		413,025
Career Education Corp. (A)	12,212		194,049
Carriage Services, Inc.	3,133		64,039
Chegg, Inc. (A)(C)	20,446		612,358
Collectors Universe, Inc.	1,661		47,305
Graham Holdings Company, Class B	1,709		1,133,836
H&R Block, Inc.	43,088		1,017,739
Houghton Mifflin Harcourt Company (A)	19,059		101,584
K12, Inc. (A)	6,767		178,649
Laureate Education, Inc., Class A  (A)	16,856		279,388
OneSpaWorld Holdings, Ltd. (A)	8,081		125,498
Regis Corp. (A)	5,103		103,183
Select Interior Concepts, Inc., Class A (A)	4,096		53,125
Service Corp. International	71,608		3,423,578
Sotheby's (A)	18,396		1,048,204
Strategic Education, Inc.	3,743		508,599
WW International, Inc. (A)	26,490		1,001,852
			11,569,127
Hotels, restaurants and leisure – 1.9%
Accor SA	40,713		1,697,059
Aristocrat Leisure, Ltd.	127,512		2,636,323
BBX Capital Corp.	12,395		57,885
BJ's Restaurants, Inc.	3,688		143,242
Bloomin' Brands, Inc.	15,379		291,124
Boyd Gaming Corp.	45,591		1,091,904
Brinker International, Inc. (C)	21,321		909,767
Caesars Entertainment Corp. (A)	218,235		2,544,620
Carnival Corp.	85,955		3,757,093
Carnival PLC	36,317		1,502,810
Carrols Restaurant Group, Inc. (A)	6,788		56,273
Century Casinos, Inc. (A)	5,808		44,896
Chipotle Mexican Grill, Inc. (A)	5,475		4,601,573
Churchill Downs, Inc.	20,146		2,487,124
Chuy's Holdings, Inc. (A)	3,100		76,756
Compass Group PLC	351,948		9,056,570
Cracker Barrel Old Country Store, Inc. (C)	12,804		2,082,571
Crown Resorts, Ltd.	82,755		673,190
Darden Restaurants, Inc.	26,365		3,116,870
Dave & Buster's Entertainment, Inc.	6,415		249,864
Del Taco Restaurants, Inc. (A)	5,490		56,135
Denny's Corp. (A)	10,399		236,733
Dine Brands Global, Inc.	2,884		218,780
Domino's Pizza, Inc. (C)	16,191		3,960,157
Drive Shack, Inc. (A)	12,005		51,742
Dunkin' Brands Group, Inc.	32,481		2,577,692
El Pollo Loco Holdings, Inc. (A)	3,975		43,566
Eldorado Resorts, Inc. (A)	37,263		1,485,676
Everi Holdings, Inc. (A)	12,182		103,060
Fiesta Restaurant Group, Inc. (A)	4,502		46,911
Flight Centre Travel Group, Ltd.	12,340		396,353
Flutter Entertainment PLC	17,330		1,619,309
Galaxy Entertainment Group, Ltd.	480,153		2,976,815
Genting Singapore, Ltd.	1,342,221		854,597
Golden Entertainment, Inc. (A)	3,445		45,784
GVC Holdings PLC	128,959		1,177,962
Hilton Worldwide Holdings, Inc.	61,579		5,733,621
InterContinental Hotels Group PLC	38,362		2,393,995
International Speedway Corp., Class A	13,464		606,015

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Jack in the Box, Inc.	14,681	$	1,337,733
Lindblad Expeditions Holdings, Inc. (A)	4,272		71,599
Marriott International, Inc., Class A	58,684		7,298,529
Marriott Vacations Worldwide Corp.	22,719		2,353,916
McDonald's Corp.	163,029		35,003,957
McDonald's Holdings Company Japan, Ltd.	14,761		714,983
Melco Resorts & Entertainment, Ltd., ADR	46,600		904,506
Merlin Entertainments PLC (B)	158,958		884,472
MGM China Holdings, Ltd.	210,572		327,863
MGM Resorts International	111,934		3,102,810
Monarch Casino & Resort, Inc. (A)	2,070		86,298
Nathan's Famous, Inc.	594		42,679
Noodles & Company (A)(C)	5,762		32,613
Norwegian Cruise Line Holdings, Ltd. (A)	46,282		2,396,019
Oriental Land Company, Ltd.	44,400		6,767,244
Papa John's International, Inc. (C)	12,548		656,888
Penn National Gaming, Inc. (A)	62,184		1,158,177
PlayAGS, Inc. (A)	4,900		50,372
RCI Hospitality Holdings, Inc.	1,943		40,181
Red Lion Hotels Corp. (A)(C)	5,402		35,005
Red Robin Gourmet Burgers, Inc. (A)	2,370		78,826
Red Rock Resorts, Inc., Class A	12,358		250,929
Royal Caribbean Cruises, Ltd.	36,889		3,996,185
Ruth's Hospitality Group, Inc.	5,177		105,688
Sands China, Ltd.	538,282		2,432,321
Scientific Games Corp. (A)(C)	31,180		634,513
SeaWorld Entertainment, Inc. (A)(C)	8,296		218,351
Shake Shack, Inc., Class A (A)	5,035		493,631
Shangri-La Asia, Ltd.	279,964		285,351
Six Flags Entertainment Corp.	30,806		1,564,637
SJM Holdings, Ltd.	439,826		417,712
Sodexo SA	19,630		2,203,526
Starbucks Corp.	256,959		22,720,315
Tabcorp Holdings, Ltd.	448,291		1,467,365
Target Hospitality Corp. (A)	6,107		41,589
Texas Roadhouse, Inc.	37,285		1,958,208
The Cheesecake Factory, Inc. (C)	23,450		977,396
The Habit Restaurants, Inc., Class A (A)	4,293		37,521
The Wendy's Company	72,441		1,447,371
TUI AG (C)	97,749		1,135,254
Twin River Worldwide Holdings, Inc.	3,535		80,704
Whitbread PLC	29,629		1,563,792
Wingstop, Inc. (C)	5,188		452,809
Wyndham Destinations, Inc.	36,214		1,666,568
Wyndham Hotels & Resorts, Inc.	37,866		1,959,187
Wynn Macau, Ltd.	345,870		673,987
Wynn Resorts, Ltd.	20,792		2,260,506
Yum! Brands, Inc.	65,321		7,409,361
			183,461,864
Household durables – 0.8%
Barratt Developments PLC	224,916		1,790,474
Bassett Furniture Industries, Inc.	2,125		32,513
Beazer Homes USA, Inc. (A)	5,191		77,346
Casio Computer Company, Ltd. (C)	43,048		669,930
Cavco Industries, Inc. (A)	1,524		292,745
Century Communities, Inc. (A)	4,611		141,235
D.R. Horton, Inc.	72,244		3,807,981
Electrolux AB, B Shares	50,036		1,185,365
Ethan Allen Interiors, Inc.	4,362		83,314
Garmin, Ltd.	31,015		2,626,660
GoPro, Inc., Class A (A)(C)	21,803		113,049
Green Brick Partners, Inc. (A)	4,741		50,729

 

223

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Hamilton Beach Brands Holding Company, Class A	1,509	$	24,401
Hamilton Beach Brands Holding Company, Class B	853		13,793
Helen of Troy, Ltd. (A)	14,252		2,246,970
Hooker Furniture Corp. (C)	2,310		49,526
Husqvarna AB, B Shares (C)	92,697		704,948
Iida Group Holdings Company, Ltd.	32,700		533,904
Installed Building Products, Inc. (A)(C)	4,023		230,679
iRobot Corp. (A)(C)	4,838		298,359
KB Home	48,509		1,649,306
La-Z-Boy, Inc.	7,877		264,588
Leggett & Platt, Inc. (C)	28,223		1,155,450
Lennar Corp., A Shares	61,053		3,409,810
LGI Homes, Inc. (A)(C)	3,526		293,786
M/I Homes, Inc. (A)	4,619		173,905
MDC Holdings, Inc.	8,628		371,867
Meritage Homes Corp. (A)	6,314		444,190
Mohawk Industries, Inc. (A)	12,856		1,595,044
Newell Brands, Inc.	81,802		1,531,333
Nikon Corp.	71,146		892,551
NVR, Inc. (A)	740		2,750,839
Panasonic Corp.	489,809		3,991,789
Persimmon PLC	70,623		1,883,526
PulteGroup, Inc.	55,334		2,022,458
Rinnai Corp.	7,478		503,887
SEB SA	5,012		760,681
Sekisui Chemical Company, Ltd.	80,644		1,254,988
Sekisui House, Ltd.	137,826		2,719,605
Sharp Corp.	47,200		527,087
Skyline Champion Corp. (A)	8,997		270,720
Sonos, Inc. (A)	12,642		169,529
Sony Corp.	282,000		16,668,494
Taylor Morrison Home Corp. (A)	18,375		476,648
Taylor Wimpey PLC	726,976		1,442,996
Tempur Sealy International, Inc. (A)	18,079		1,395,699
The Berkeley Group Holdings PLC	27,181		1,395,593
The Lovesac Company (A)(C)	1,386		25,877
Toll Brothers, Inc.	50,731		2,082,508
TopBuild Corp. (A)	5,950		573,759
TRI Pointe Group, Inc. (A)	80,585		1,211,998
Tupperware Brands Corp.	8,697		138,021
Universal Electronics, Inc. (A)	2,446		124,501
Whirlpool Corp. (C)	13,637		2,159,555
William Lyon Homes, Class A (A)	5,626		114,545
ZAGG, Inc. (A)(C)	5,458		34,222
			71,455,276
Internet and direct marketing retail – 2.1%
1-800-Flowers.com, Inc., Class A (A)	4,512		66,755
Amazon.com, Inc. (A)	89,198		154,839,700
Booking Holdings, Inc. (A)	9,126		17,910,779
Delivery Hero SE (A)(B)(C)	25,120		1,115,212
eBay, Inc.	169,254		6,597,521
Etsy, Inc. (A)	47,301		2,672,507
Expedia Group, Inc.	30,020		4,034,988
Groupon, Inc. (A)	80,065		212,973
GrubHub, Inc. (A)(C)	35,872		2,016,365
Liquidity Services, Inc. (A)	5,632		41,677
Mercari, Inc. (A)	16,600		414,175
Ocado Group PLC (A)	100,872		1,640,749
Overstock.com, Inc. (A)	5,008		53,035
PetMed Express, Inc. (C)	3,626		65,341
Quotient Technology, Inc. (A)	13,681		106,985
Rakuten, Inc.	190,905		1,892,360
Shutterstock, Inc. (A)(C)	3,454		124,758

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Internet and direct marketing retail (continued)
Stamps.com, Inc. (A)(C)	2,965	$	220,744
Stitch Fix, Inc., Class A (A)(C)	7,457		143,547
The RealReal, Inc. (A)(C)	2,907		65,001
The Rubicon Project, Inc. (A)	8,924		77,728
Waitr Holdings, Inc. (A)(C)	9,804		12,598
Zalando SE (A)(B)(C)	27,833		1,270,832
ZOZO, Inc. (C)	44,900		1,040,065
			196,636,395
Leisure products – 0.2%
Acushnet Holdings Corp.	6,175		163,020
American Outdoor Brands Corp. (A)	9,864		57,704
Bandai Namco Holdings, Inc.	44,293		2,762,003
Brunswick Corp. (C)	33,661		1,754,411
Callaway Golf Company	16,447		319,236
Clarus Corp.	4,599		53,923
Hasbro, Inc.	25,195		2,990,395
Johnson Outdoors, Inc., Class A	905		52,997
Malibu Boats, Inc., Class A (A)	3,766		115,541
MasterCraft Boat Holdings, Inc. (A)	3,527		52,640
Mattel, Inc. (A)(C)	135,682		1,545,418
Polaris, Inc. (C)	22,561		1,985,594
Sankyo Company, Ltd.	9,951		342,428
Sega Sammy Holdings, Inc.	38,436		539,187
Shimano, Inc.	16,481		2,490,342
Sturm Ruger & Company, Inc. (C)	2,949		123,150
Vista Outdoor, Inc. (A)	10,776		66,703
Yamaha Corp.	31,873		1,436,996
YETI Holdings, Inc. (A)(C)	5,460		152,880
			17,004,568
Multiline retail – 0.5%
Big Lots, Inc. (C)	6,862		168,119
Dillard's, Inc., Class A (C)	5,836		385,818
Dollar General Corp.	55,185		8,771,104
Dollar Tree, Inc. (A)	50,796		5,798,871
Harvey Norman Holdings, Ltd.	117,700		360,067
Isetan Mitsukoshi Holdings, Ltd. (C)	74,528		596,842
J Front Retailing Company, Ltd.	50,900		598,015
J.C. Penney Company, Inc. (A)(C)	60,005		53,338
Kohl's Corp.	34,160		1,696,386
Macy's, Inc.	66,315		1,030,535
Marks & Spencer Group PLC	431,890		978,218
Marui Group Company, Ltd. (C)	42,141		892,857
Next PLC	30,038		2,283,349
Nordstrom, Inc. (C)	22,946		772,592
Ollie's Bargain Outlet Holdings, Inc. (A)(C)	21,474		1,259,235
Pan Pacific International Holdings Corp.	98,400		1,647,451
Ryohin Keikaku Company, Ltd. (C)	52,560		985,323
Target Corp.	109,681		11,725,996
Wesfarmers, Ltd.	251,605		6,760,078
			46,764,194
Specialty retail – 1.8%
Aaron's, Inc.	38,357		2,464,821
ABC-Mart, Inc.	7,264		461,757
Abercrombie & Fitch Company, Class A	11,600		180,960
Advance Auto Parts, Inc.	15,325		2,534,755
American Eagle Outfitters, Inc.	90,709		1,471,300
America's Car-Mart, Inc. (A)	1,106		101,420
Asbury Automotive Group, Inc. (A)	3,380		345,875
At Home Group, Inc. (A)(C)	8,559		82,338
AutoNation, Inc. (A)(C)	23,085		1,170,410
AutoZone, Inc. (A)	5,266		5,711,609
Bed Bath & Beyond, Inc. (C)	71,612		761,952
Best Buy Company, Inc.	49,791		3,435,081

 

224

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Boot Barn Holdings, Inc. (A)	4,958	$	173,034
Caleres, Inc.	7,255		169,840
Camping World Holdings, Inc., Class A (C)	6,137		54,619
CarMax, Inc. (A)	35,546		3,128,048
Chico's FAS, Inc.	21,100		85,033
Citi Trends, Inc.	2,286		41,834
Conn's, Inc. (A)(C)	3,570		88,750
Designer Brands, Inc., Class A	11,458		196,161
Dick's Sporting Goods, Inc.	25,872		1,055,836
Dufry AG (A)	9,547		798,621
Express, Inc. (A)	12,546		43,158
Fast Retailing Company, Ltd.	12,946		7,722,928
Five Below, Inc. (A)	21,859		2,756,420
Foot Locker, Inc.	43,076		1,859,160
GameStop Corp., Class A (C)	15,981		88,215
Genesco, Inc. (A)	2,823		112,976
GNC Holdings, Inc., Class A (A)	12,847		27,493
Group 1 Automotive, Inc.	3,083		284,592
Guess?, Inc.	8,892		164,769
Haverty Furniture Companies, Inc.	3,254		65,959
Hennes & Mauritz AB, B Shares (C)	178,200		3,454,292
Hibbett Sports, Inc. (A)	3,192		73,097
Hikari Tsushin, Inc.	4,600		997,940
Hudson, Ltd., Class A (A)	7,141		87,620
Industria de Diseno Textil SA	242,029		7,490,208
Kingfisher PLC	467,161		1,187,235
L Brands, Inc.	49,828		976,131
Lithia Motors, Inc., Class A	3,876		513,105
Lowe's Companies, Inc.	165,682		18,218,393
Lumber Liquidators Holdings, Inc. (A)	5,351		52,814
MarineMax, Inc. (A)	3,828		59,257
Monro, Inc.	5,727		452,490
Murphy USA, Inc. (A)	17,108		1,459,312
National Vision Holdings, Inc. (A)	13,164		316,857
Nitori Holdings Company, Ltd.	17,811		2,613,756
Office Depot, Inc.	96,789		169,865
O'Reilly Automotive, Inc. (A)	16,425		6,545,527
Party City Holdco, Inc. (A)(C)	9,585		54,730
Rent-A-Center, Inc.	8,539		220,221
RH (A)	2,910		497,115
Ross Stores, Inc.	78,289		8,600,047
Sally Beauty Holdings, Inc. (A)(C)	68,502		1,019,995
Shimamura Company, Ltd.	4,870		386,909
Shoe Carnival, Inc.	1,728		56,004
Signet Jewelers, Ltd.	9,215		154,443
Sleep Number Corp. (A)(C)	5,082		209,988
Sonic Automotive, Inc., Class A (C)	4,303		135,157
Sportsman's Warehouse Holdings, Inc. (A)	8,155		42,243
Tailored Brands, Inc. (C)	9,470		41,668
The Buckle, Inc. (C)	5,127		105,616
The Cato Corp., Class A	4,031		70,986
The Children's Place, Inc. (C)	2,700		207,873
The Gap, Inc.	45,982		798,248
The Home Depot, Inc.	235,096		54,546,974
The Michaels Companies, Inc. (A)(C)	15,193		148,739
The TJX Companies, Inc.	259,521		14,465,701
Tiffany & Company (C)	23,339		2,161,892
Tile Shop Holdings, Inc.	7,772		24,793
Tilly's, Inc., Class A	4,084		38,553
Tractor Supply Company	25,603		2,315,535
Ulta Beauty, Inc. (A)	12,633		3,166,461
Urban Outfitters, Inc. (A)	27,697		778,009
USS Company, Ltd.	48,648		947,394

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Williams-Sonoma, Inc. (C)	30,708	$	2,087,530
Winmark Corp.	406		71,614
Yamada Denki Company, Ltd.	139,108		674,031
Zumiez, Inc. (A)	3,575		113,238
			176,449,330
Textiles, apparel and luxury goods – 1.3%
adidas AG	40,017		12,456,075
Burberry Group PLC	91,273		2,438,049
Capri Holdings, Ltd. (A)	32,539		1,078,993
Carter's, Inc.	17,568		1,602,377
Cie Financiere Richemont SA	115,809		8,487,139
Crocs, Inc. (A)	10,973		304,610
Culp, Inc.	2,265		36,920
Deckers Outdoor Corp. (A)	16,453		2,424,514
Delta Apparel, Inc. (A)	1,261		29,949
EssilorLuxottica SA	62,887		9,066,999
Fossil Group, Inc. (A)(C)	8,371		104,721
G-III Apparel Group, Ltd. (A)	8,016		206,572
Hanesbrands, Inc. (C)	77,612		1,189,016
Hermes International	7,032		4,856,854
HUGO BOSS AG	14,057		752,594
Kering SA	16,809		8,565,612
Kontoor Brands, Inc.	7,766		272,587
LVMH Moet Hennessy Louis Vuitton SE	61,635		24,454,279
Moncler SpA	40,061		1,427,909
Movado Group, Inc.	2,893		71,920
NIKE, Inc., Class B	268,737		25,239,779
Oxford Industries, Inc.	2,910		208,647
Pandora A/S	22,168		889,618
Puma SE	18,404		1,424,021
PVH Corp.	15,916		1,404,269
Ralph Lauren Corp.	11,128		1,062,390
Rocky Brands, Inc.	1,346		44,728
Skechers U.S.A., Inc., Class A (A)	52,520		1,961,622
Steven Madden, Ltd. (C)	14,725		527,008
Superior Group of Companies, Inc.	1,817		29,290
Tapestry, Inc.	61,578		1,604,107
The Swatch Group AG	12,771		641,802
The Swatch Group AG, Bearer Shares	6,431		1,707,438
Under Armour, Inc., Class A (A)(C)	40,389		805,357
Under Armour, Inc., Class C (A)	41,722		756,420
Unifi, Inc. (A)	2,678		58,702
Vera Bradley, Inc. (A)	3,967		40,067
VF Corp.	70,091		6,237,398
Wolverine World Wide, Inc.	14,704		415,535
Yue Yuen Industrial Holdings, Ltd.	161,487		441,196
			125,327,083
			992,585,144
Consumer staples – 8.3%
Beverages – 1.9%
Anheuser-Busch InBev SA	169,035		16,088,667
Asahi Group Holdings, Ltd.	80,481		3,996,935
Brown-Forman Corp., Class B	39,073		2,453,003
Carlsberg A/S, Class B	23,713		3,504,261
Coca-Cola Amatil, Ltd.	112,568		810,032
Coca-Cola Bottlers Japan Holdings, Inc. (C)	27,400		616,119
Coca-Cola Consolidated, Inc.	832		252,820
Coca-Cola European Partners PLC (New York Stock Exchange)	52,258		2,897,706
Coca-Cola HBC AG	44,214		1,444,050
Constellation Brands, Inc., Class A	35,901		7,441,559
Craft Brew Alliance, Inc. (A)	2,476		20,278
Davide Campari-Milano SpA	128,838		1,163,786

 

225

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages (continued)
Diageo PLC	527,077	$	21,531,243
Heineken Holding NV	25,650		2,551,911
Heineken NV	57,559		6,217,071
Kirin Holdings Company, Ltd.	182,492		3,883,395
MGP Ingredients, Inc. (C)	2,332		115,854
Molson Coors Brewing Company, Class B	40,326		2,318,745
Monster Beverage Corp. (A)	83,048		4,821,767
National Beverage Corp. (C)	2,130		94,487
New Age Beverages Corp. (A)(C)	13,234		36,526
PepsiCo, Inc.	300,144		41,149,742
Pernod Ricard SA (C)	47,104		8,383,611
Primo Water Corp. (A)(C)	6,503		79,857
Remy Cointreau SA (C)	5,002		663,993
Suntory Beverage & Food, Ltd.	30,859		1,321,131
The Boston Beer Company, Inc., Class A (A)	5,061		1,842,609
The Coca-Cola Company	826,139		44,975,007
Treasury Wine Estates, Ltd.	159,519		2,002,260
			182,678,425
Food and staples retailing – 1.4%
Aeon Company, Ltd.	145,078		2,665,483
BJ's Wholesale Club Holdings, Inc. (A)(C)	19,625		507,699
Carrefour SA	131,257		2,295,982
Casey's General Stores, Inc.	14,438		2,326,828
Casino Guichard Perrachon SA (C)	12,154		580,347
Coles Group, Ltd.	251,716		2,616,967
Colruyt SA (C)	12,229		669,934
Costco Wholesale Corp.	94,409		27,200,177
Dairy Farm International Holdings, Ltd.	75,200		473,961
FamilyMart Company, Ltd.	56,164		1,372,274
HF Foods Group, Inc. (A)	1,512		25,780
ICA Gruppen AB	20,080		927,366
Ingles Markets, Inc., Class A	2,574		100,026
J Sainsbury PLC	391,134		1,055,434
Jeronimo Martins SGPS SA	55,843		941,714
Koninklijke Ahold Delhaize NV	262,673		6,568,834
Lawson, Inc.	11,089		567,818
METRO AG	39,934		630,014
Performance Food Group Company (A)	18,063		831,079
PriceSmart, Inc.	3,981		283,049
Rite Aid Corp. (A)(C)	9,815		68,214
Seven & i Holdings Company, Ltd.	167,129		6,405,266
SpartanNash Company	6,612		78,220
Sprouts Farmers Market, Inc. (A)	46,379		896,970
Sundrug Company, Ltd.	15,792		498,291
Sysco Corp.	110,163		8,746,942
Tesco PLC	2,172,197		6,422,033
The Andersons, Inc.	5,630		126,281
The Chefs' Warehouse, Inc. (A)(C)	4,340		174,989
The Kroger Company	171,478		4,420,703
Tsuruha Holdings, Inc.	8,198		895,250
United Natural Foods, Inc. (A)(C)	9,533		109,820
Village Super Market, Inc., Class A	1,724		45,600
Walgreens Boots Alliance, Inc.	162,857		9,007,621
Walmart, Inc.	305,290		36,231,817
Weis Markets, Inc.	1,732		66,058
Welcia Holdings Company, Ltd.	10,400		525,601
Wm Morrison Supermarkets PLC	529,871		1,304,661
Woolworths Group, Ltd.	279,288		7,027,891
			135,692,994
Food products – 2.0%
a2 Milk Company, Ltd. (A)	163,049		1,354,717
Ajinomoto Company, Inc.	97,496		1,845,363

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Alico, Inc.	919	$	31,264
Archer-Daniels-Midland Company	119,565		4,910,535
Associated British Foods PLC	79,045		2,237,671
B&G Foods, Inc. (C)	11,466		216,822
Barry Callebaut AG	487		1,004,451
Calavo Growers, Inc.	2,875		273,643
Calbee, Inc.	17,800		555,237
Cal-Maine Foods, Inc.	5,556		221,990
Campbell Soup Company	36,203		1,698,645
Chocoladefabriken Lindt & Spruengli AG	23		1,904,091
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	239		1,765,180
Conagra Brands, Inc.	104,459		3,204,802
Danone SA	136,970		12,064,548
Darling Ingredients, Inc. (A)	28,926		553,354
Farmer Brothers Company (A)	2,280		29,526
Flowers Foods, Inc.	75,580		1,748,165
Fresh Del Monte Produce, Inc.	5,487		187,162
Freshpet, Inc. (A)(C)	5,711		284,236
General Mills, Inc.	129,551		7,140,851
Golden Agri-Resources, Ltd.	1,427,161		232,292
Hormel Foods Corp.	59,606		2,606,570
Hostess Brands, Inc. (A)	18,959		265,142
Ingredion, Inc.	26,203		2,141,833
J&J Snack Foods Corp.	2,654		509,568
John B. Sanfilippo & Son, Inc.	1,537		148,474
Kellogg Company	53,380		3,435,003
Kerry Group PLC (London Stock Exchange), Class A	1,204		140,712
Kerry Group PLC, Class A	34,022		3,976,702
Kikkoman Corp.	32,246		1,546,988
Lamb Weston Holdings, Inc.	31,272		2,274,100
Lancaster Colony Corp.	11,089		1,537,490
Landec Corp. (A)	4,831		52,513
Limoneira Company	3,075		56,457
McCormick & Company, Inc.	26,415		4,128,665
MEIJI Holdings Company, Ltd.	25,400		1,857,940
Mondelez International, Inc., Class A	309,586		17,126,298
Mowi ASA	97,320		2,247,820
Nestle SA	679,540		73,699,140
NH Foods, Ltd.	18,241		734,447
Nisshin Seifun Group, Inc.	43,900		814,042
Nissin Foods Holdings Company, Ltd.	14,075		1,020,029
Orkla ASA	169,636		1,543,571
Pilgrim's Pride Corp. (A)	20,558		658,781
Post Holdings, Inc. (A)	26,970		2,854,505
Sanderson Farms, Inc.	11,232		1,699,739
Seneca Foods Corp., Class A (A)	1,347		41,999
The Hain Celestial Group, Inc. (A)	31,511		676,699
The Hershey Company	31,978		4,956,270
The J.M. Smucker Company	24,483		2,693,620
The Kraft Heinz Company	133,566		3,731,166
The Simply Good Foods Company (A)	12,557		364,027
Tootsie Roll Industries, Inc. (C)	9,414		349,636
Toyo Suisan Kaisha, Ltd.	19,650		789,079
TreeHouse Foods, Inc. (A)(C)	22,069		1,223,726
Tyson Foods, Inc., Class A	63,258		5,449,044
Vitasoy International Holdings, Ltd.	164,000		664,764
WH Group, Ltd. (B)	2,120,500		1,899,031
Wilmar International, Ltd.	426,903		1,152,203
Yakult Honsha Company, Ltd.	26,603		1,493,436
Yamazaki Baking Company, Ltd.	26,890		480,976
			196,506,750

 

226

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household products – 1.3%
Central Garden & Pet Company (A)	2,215	$	64,744
Central Garden & Pet Company, Class A (A)	7,047		195,378
Church & Dwight Company, Inc.	53,044		3,991,031
Colgate-Palmolive Company	184,188		13,539,660
Energizer Holdings, Inc. (C)	25,162		1,096,560
Essity AB, B Shares	134,561		3,926,275
Henkel AG & Company KGaA	23,118		2,116,357
Kimberly-Clark Corp.	73,889		10,495,932
Lion Corp.	49,800		985,167
Oil-Dri Corp. of America	999		34,026
Pigeon Corp.	25,600		1,060,016
Reckitt Benckiser Group PLC	157,063		12,263,381
Spectrum Brands Holdings, Inc.	2,456		129,490
The Clorox Company	26,993		4,099,427
The Procter & Gamble Company	537,239		66,821,787
Unicharm Corp.	89,500		2,844,668
WD-40 Company (C)	2,398		440,129
			124,104,028
Personal products – 0.9%
Beiersdorf AG	22,369		2,637,415
Coty, Inc., Class A	63,142		663,622
Edgewell Personal Care Company (A)(C)	30,788		1,000,302
elf Beauty, Inc. (A)	4,675		81,859
Inter Parfums, Inc.	3,109		217,537
Kao Corp.	108,375		8,038,919
Kobayashi Pharmaceutical Company, Ltd.	10,900		832,441
Kose Corp.	7,400		1,256,439
Lifevantage Corp. (A)	2,821		38,648
L'Oreal SA	56,064		15,679,356
Medifast, Inc. (C)	2,014		208,711
Nu Skin Enterprises, Inc., Class A	21,812		927,664
Pola Orbis Holdings, Inc.	20,272		457,000
Revlon, Inc., Class A (A)(C)	1,388		32,604
Shiseido Company, Ltd.	88,760		7,123,803
The Estee Lauder Companies, Inc., Class A	47,489		9,447,937
Unilever NV	323,512		19,426,055
Unilever PLC	246,241		14,799,563
USANA Health Sciences, Inc. (A)	2,292		156,750
			83,026,625
Tobacco – 0.8%
22nd Century Group, Inc. (A)(C)	22,164		50,091
Altria Group, Inc.	401,023		16,401,841
British American Tobacco PLC	508,870		18,792,682
Imperial Brands PLC	212,220		4,765,648
Japan Tobacco, Inc.	266,166		5,831,599
Philip Morris International, Inc.	333,991		25,359,937
Swedish Match AB	37,684		1,558,535
Turning Point Brands, Inc. (C)	1,529		35,259
Universal Corp.	4,332		237,437
Vector Group, Ltd. (C)	19,876		236,724
			73,269,753
			795,278,575
Energy – 4.4%
Energy equipment and services – 0.3%
Apergy Corp. (A)	30,416		822,753
Archrock, Inc.	22,968		228,991
Baker Hughes, a GE Company	110,849		2,571,697
C&J Energy Services, Inc. (A)	11,960		128,331
Cactus, Inc., Class A (A)	8,370		242,228
Core Laboratories NV (C)	17,420		812,120
Diamond Offshore Drilling, Inc. (A)(C)	11,937		66,370

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
DMC Global, Inc.	2,530	$	111,269
Dril-Quip, Inc. (A)	6,391		320,700
Era Group, Inc. (A)	3,775		39,864
Exterran Corp. (A)	5,692		74,338
Forum Energy Technologies, Inc. (A)	15,805		24,498
Frank's International NV (A)	19,321		91,775
Geospace Technologies Corp. (A)	2,626		40,362
Halliburton Company	188,036		3,544,479
Helix Energy Solutions Group, Inc. (A)	25,406		204,772
Helmerich & Payne, Inc.	23,492		941,324
John Wood Group PLC	151,107		704,477
Keane Group, Inc. (A)	9,971		60,424
KLX Energy Services Holdings, Inc. (A)	3,872		33,473
Liberty Oilfield Services, Inc., Class A (C)	8,508		92,142
Matrix Service Company (A)	4,892		83,849
McDermott International, Inc. (A)(C)	32,706		66,066
Nabors Industries, Ltd.	63,436		118,625
National Energy Services Reunited Corp. (A)	4,405		29,425
National Oilwell Varco, Inc.	82,840		1,756,208
Natural Gas Services Group, Inc. (A)	2,620		33,562
Newpark Resources, Inc. (A)	16,065		122,415
Nine Energy Service, Inc. (A)	2,979		18,380
Noble Corp. PLC (A)	45,820		58,191
Oceaneering International, Inc. (A)	56,441		764,776
Oil States International, Inc. (A)	10,744		142,895
Pacific Drilling SA (A)	5,614		21,951
Parker Drilling Company (A)	1,876		35,494
Patterson-UTI Energy, Inc.	79,558		680,221
ProPetro Holding Corp. (A)	14,203		129,105
RigNet, Inc. (A)	3,092		23,963
RPC, Inc. (C)	10,649		59,741
Schlumberger, Ltd.	296,889		10,144,697
SEACOR Holdings, Inc. (A)	3,100		145,917
SEACOR Marine Holdings, Inc. (A)	3,243		40,765
Seadrill, Ltd. (A)(C)	11,251		23,627
Select Energy Services, Inc., Class A (A)	10,681		92,497
Solaris Oilfield Infrastructure, Inc., Class A (C)	5,556		74,562
TechnipFMC PLC	90,095		2,174,893
Tenaris SA	104,746		1,110,978
TETRA Technologies, Inc. (A)	24,190		48,622
Tidewater, Inc. (A)	6,909		104,395
Transocean, Ltd. (A)(C)	225,824		1,009,433
U.S. Silica Holdings, Inc.	13,180		126,001
WorleyParsons, Ltd.	74,865		656,777
			31,054,418
Oil, gas and consumable fuels – 4.1%
Aker BP ASA	23,965		638,563
Altus Midstream Company, Class A (A)(C)	9,935		28,116
Antero Midstream Corp. (C)	101,502		751,115
Apache Corp.	80,707		2,066,099
Arch Coal, Inc., Class A (C)	2,850		211,470
Ardmore Shipping Corp. (A)	6,674		44,649
Berry Petroleum Corp.	11,535		107,968
Bonanza Creek Energy, Inc. (A)	3,440		77,022
BP PLC	4,513,578		28,574,373
Brigham Minerals, Inc., Class A	3,031		60,317
Cabot Oil & Gas Corp.	89,816		1,578,067
California Resources Corp. (A)(C)	8,757		89,321
Callon Petroleum Company (A)	41,098		178,365
Caltex Australia, Ltd.	55,380		984,022
Carrizo Oil & Gas, Inc. (A)	16,056		137,841

 

227

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Chesapeake Energy Corp. (A)(C)	442,846	$	624,413
Chevron Corp.	407,532		48,333,295
Cimarex Energy Company	21,780		1,044,133
Clean Energy Fuels Corp. (A)	25,171		51,978
CNX Resources Corp. (A)(C)	106,733		774,882
Comstock Resources, Inc. (A)	2,318		18,057
Concho Resources, Inc.	43,165		2,930,904
ConocoPhillips	238,314		13,579,132
CONSOL Energy, Inc. (A)(C)	4,880		76,274
Contura Energy, Inc. (A)(C)	3,386		94,673
CVR Energy, Inc.	5,214		229,572
Delek US Holdings, Inc. (C)	13,219		479,850
Denbury Resources, Inc. (A)(C)	84,105		100,085
Devon Energy Corp.	86,769		2,087,662
DHT Holdings, Inc.	15,881		97,668
Diamond S Shipping, Inc. (A)	4,127		45,480
Diamondback Energy, Inc.	35,000		3,146,850
Dorian LPG, Ltd. (A)	5,165		53,509
Energy Fuels, Inc. (A)(C)	18,078		34,891
Eni SpA	564,094		8,622,046
EOG Resources, Inc.	124,585		9,246,699
EQT Corp.	100,327		1,067,479
Equinor ASA	222,238		4,209,670
Equitrans Midstream Corp.	80,114		1,165,659
Evolution Petroleum Corp.	6,124		35,764
Extraction Oil & Gas, Inc. (A)(C)	16,245		47,760
Exxon Mobil Corp.	908,289		64,134,286
Falcon Minerals Corp. (C)	7,438		42,769
Galp Energia SGPS SA	111,166		1,671,842
GasLog, Ltd.	7,315		93,998
Golar LNG, Ltd.	16,866		219,089
Green Plains, Inc. (C)	6,818		72,237
Gulfport Energy Corp. (A)	29,113		78,896
Hess Corp.	55,558		3,360,148
HighPoint Resources Corp. (A)	22,303		35,462
HollyFrontier Corp.	32,503		1,743,461
Idemitsu Kosan Company, Ltd.	43,486		1,233,800
Inpex Corp.	227,041		2,092,357
International Seaways, Inc. (A)	4,653		89,617
Jagged Peak Energy, Inc. (A)(C)	12,185		88,463
JXTG Holdings, Inc.	713,011		3,259,133
Kinder Morgan, Inc.	417,934		8,613,620
Koninklijke Vopak NV	15,638		803,776
Laredo Petroleum, Inc. (A)	32,923		79,344
Lundin Petroleum AB	41,514		1,244,532
Magnolia Oil & Gas Corp., Class A (A)(C)	18,329		203,452
Marathon Oil Corp.	172,603		2,117,839
Marathon Petroleum Corp.	141,321		8,585,251
Matador Resources Company (A)	62,883		1,039,456
Murphy Oil Corp. (C)	60,526		1,338,230
NACCO Industries, Inc., Class A	722		46,143
Neste OYJ	93,816		3,103,869
Noble Energy, Inc.	102,666		2,305,878
Nordic American Tankers, Ltd. (C)	26,142		56,467
Northern Oil and Gas, Inc. (A)(C)	50,963		99,887
Oasis Petroleum, Inc. (A)(C)	170,717		590,681
Occidental Petroleum Corp.	192,018		8,539,040
Oil Search, Ltd.	304,529		1,503,381
OMV AG	32,688		1,752,023
ONEOK, Inc. (C)	88,652		6,532,766
Origin Energy, Ltd.	390,734		2,104,540
Panhandle Oil and Gas, Inc., Class A	3,136		43,841
Par Pacific Holdings, Inc. (A)	6,176		141,183
PBF Energy, Inc., Class A	40,017		1,088,062

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
PDC Energy, Inc. (A)	11,137	$	309,052
Peabody Energy Corp.	12,125		178,480
Penn Virginia Corp. (A)	2,444		71,047
Phillips 66	96,288		9,859,891
Pioneer Natural Resources Company	35,881		4,512,753
QEP Resources, Inc.	43,047		159,274
Renewable Energy Group, Inc. (A)(C)	6,651		99,798
Repsol SA	322,255		5,025,884
REX American Resources Corp. (A)	1,004		76,635
Ring Energy, Inc. (A)	12,338		20,234
Royal Dutch Shell PLC, A Shares	965,475		28,315,390
Royal Dutch Shell PLC, B Shares	831,168		24,565,525
SandRidge Energy, Inc. (A)	6,314		29,676
Santos, Ltd.	392,854		2,048,418
Scorpio Tankers, Inc.	7,681		228,587
SemGroup Corp., Class A	14,205		232,110
Ship Finance International, Ltd. (C)	14,307		200,870
SM Energy Company (C)	20,044		194,226
Southwestern Energy Company (A)	308,949		596,272
SRC Energy, Inc. (A)	43,356		202,039
Talos Energy, Inc. (A)	3,735		75,933
Teekay Corp. (C)	13,183		52,732
Teekay Tankers, Ltd., Class A (A)	36,845		47,899
Tellurian, Inc. (A)(C)	17,109		142,261
The Williams Companies, Inc.	260,184		6,260,027
TOTAL SA	530,362		27,614,225
Unit Corp. (A)	9,890		33,428
Uranium Energy Corp. (A)(C)	36,123		35,216
Valero Energy Corp.	88,960		7,582,950
W&T Offshore, Inc. (A)	17,423		76,139
Washington H. Soul Pattinson & Company, Ltd.	26,586		377,762
Whiting Petroleum Corp. (A)(C)	16,373		131,475
Woodside Petroleum, Ltd.	207,697		4,537,582
World Fuel Services Corp.	37,045		1,479,577
WPX Energy, Inc. (A)	165,862		1,756,479
			391,004,358
			422,058,776
Financials – 15.0%
Banks – 7.0%
1st Constitution Bancorp	1,697		31,819
1st Source Corp.	2,371		108,426
ABN AMRO Bank NV (B)	93,752		1,651,573
ACNB Corp.	1,250		42,875
AIB Group PLC	179,539		532,597
Allegiance Bancshares, Inc. (A)	3,591		115,235
Amalgamated Bank, Class A	2,762		44,247
Amerant Bancorp, Inc. (A)	3,590		75,282
American National Bankshares, Inc.	1,664		59,022
Ameris Bancorp	10,783		433,908
Ames National Corp.	1,904		54,473
Aozora Bank, Ltd.	26,027		652,246
Arrow Financial Corp.	2,269		75,765
Associated Banc-Corp.	63,679		1,289,500
Atlantic Capital Bancshares, Inc. (A)	4,443		77,042
Atlantic Union Bankshares Corp.	14,266		531,337
Australia & New Zealand Banking Group, Ltd.	628,433		12,071,992
Banc of California, Inc.	8,152		115,269
BancFirst Corp.	3,250		180,115
Banco Bilbao Vizcaya Argentaria SA	1,478,024		7,693,830
Banco de Sabadell SA	1,245,308		1,207,350
Banco Espirito Santo SA (A)	625,609		813
Banco Santander SA	3,600,866		14,651,274
BancorpSouth Bank	53,328		1,579,042

 

228

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Bank First Corp. (C)	1,131	$	74,850
Bank Hapoalim BM (A)	262,618		2,069,254
Bank Leumi Le-Israel BM	342,341		2,437,408
Bank of America Corp.	1,798,387		52,458,949
Bank of Commerce Holdings	3,559		38,758
Bank of Hawaii Corp.	15,953		1,370,841
Bank of Ireland Group PLC	213,781		847,088
Bank of Marin Bancorp	2,336		96,921
Bank of Queensland, Ltd.	89,736		600,963
Bank OZK (C)	47,468		1,294,452
BankFinancial Corp.	3,872		46,077
Bankia SA (C)	271,038		511,407
Bankinter SA	149,205		941,527
Bankwell Financial Group, Inc.	1,395		38,363
Banner Corp.	5,951		334,268
Bar Harbor Bankshares	2,938		73,244
Barclays PLC	3,821,752		7,041,577
Baycom Corp. (A)	2,170		49,281
BB&T Corp. (C)	164,472		8,777,871
BCB Bancorp, Inc.	2,996		38,469
Bendigo & Adelaide Bank, Ltd.	108,821		844,345
Berkshire Hills Bancorp, Inc.	8,100		237,249
BNP Paribas SA	249,313		12,120,825
BOC Hong Kong Holdings, Ltd.	819,741		2,781,560
Boston Private Financial Holdings, Inc. (C)	14,895		173,601
Bridge Bancorp, Inc.	3,022		89,330
Brookline Bancorp, Inc.	13,978		205,896
Bryn Mawr Bank Corp.	3,627		132,422
Business First Bancshares, Inc.	2,103		51,313
Byline Bancorp, Inc. (A)	4,349		77,760
C&F Financial Corp.	681		35,861
Cadence BanCorp	22,038		386,547
CaixaBank SA	794,602		2,084,230
Cambridge Bancorp	656		49,207
Camden National Corp.	2,771		120,040
Capital City Bank Group, Inc.	2,235		61,351
Capstar Financial Holdings, Inc.	3,337		55,327
Carolina Financial Corp.	3,684		130,929
Carter Bank & Trust (A)(C)	4,170		78,771
Cathay General Bancorp	42,961		1,492,250
CBTX, Inc.	3,228		89,997
CenterState Bank Corp.	21,904		525,367
Central Pacific Financial Corp.	4,874		138,422
Central Valley Community Bancorp	2,327		47,354
Century Bancorp, Inc., Class A	589		51,596
Chemung Financial Corp.	747		31,374
Citigroup, Inc.	484,950		33,500,346
Citizens & Northern Corp.	2,240		58,867
Citizens Financial Group, Inc.	95,976		3,394,671
City Holding Company	2,667		203,359
Civista Bancshares, Inc.	2,841		61,735
CNB Financial Corp.	2,772		79,556
Codorus Valley Bancorp, Inc.	1,968		45,776
Colony Bankcorp, Inc.	2,149		32,987
Columbia Banking System, Inc.	12,775		471,398
Comerica, Inc.	32,063		2,115,837
Commerce Bancshares, Inc. (C)	38,785		2,352,310
Commerzbank AG	221,514		1,282,320
Commonwealth Bank of Australia	392,708		21,421,985
Community Bank System, Inc. (C)	8,781		541,700
Community Bankers Trust Corp.	5,268		45,305
Community Trust Bancorp, Inc.	2,608		111,049
Concordia Financial Group, Ltd.	233,546		900,033
ConnectOne Bancorp, Inc.	6,013		133,489

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Credit Agricole SA	253,722	$	3,070,997
Cullen/Frost Bankers, Inc.	22,389		1,982,546
Customers Bancorp, Inc. (A)	5,081		105,380
CVB Financial Corp.	23,139		482,911
Danske Bank A/S	143,154		1,991,611
DBS Group Holdings, Ltd.	397,883		7,198,144
DNB ASA	213,409		3,761,971
DNB Financial Corp.	833		37,077
Eagle Bancorp, Inc.	5,936		264,864
East West Bancorp, Inc.	57,152		2,531,262
Enterprise Financial Services Corp.	4,275		174,206
Equity Bancshares, Inc., Class A (A)	2,895		77,615
Erste Group Bank AG (A)	66,664		2,203,217
Esquire Financial Holdings, Inc. (A)	1,371		34,001
Evans Bancorp, Inc.	1,062		39,719
Farmers & Merchants Bancorp, Inc.	1,570		40,757
Farmers National Banc Corp. (C)	4,825		69,866
FB Financial Corp.	2,923		109,759
Fidelity D&D Bancorp, Inc. (C)	539		33,553
Fifth Third Bancorp	156,813		4,293,540
Financial Institutions, Inc.	2,857		86,224
FinecoBank Banca Fineco SpA (C)	134,758		1,425,746
First Bancorp (NC)	5,119		183,772
First Bancorp (PR)	37,861		377,853
First Bancorp, Inc.	2,089		57,427
First Bank	3,516		38,078
First Busey Corp.	9,015		227,899
First Business Financial Services, Inc.	1,884		45,367
First Choice Bancorp	1,930		41,148
First Commonwealth Financial Corp.	17,010		225,893
First Community Bankshares, Inc.	2,645		85,619
First Financial Bancorp	17,101		418,547
First Financial Bankshares, Inc. (C)	76,037		2,534,313
First Financial Corp.	2,308		100,329
First Foundation, Inc.	7,342		112,149
First Horizon National Corp.	122,701		1,987,756
First Internet Bancorp	2,248		48,130
First Interstate BancSystem, Inc., Class A	6,535		262,968
First Merchants Corp.	9,555		359,602
First Mid Bancshares, Inc.	2,292		79,349
First Midwest Bancorp, Inc.	18,585		362,036
First Northwest Bancorp	2,247		38,918
First Republic Bank	36,112		3,492,030
Flushing Financial Corp.	5,067		102,379
FNB Corp.	127,569		1,470,871
FNCB Bancorp, Inc.	3,921		30,623
Franklin Financial Network, Inc.	2,482		74,981
Franklin Financial Services Corp.	1,129		40,136
Fukuoka Financial Group, Inc.	37,920		719,657
Fulton Financial Corp.	93,099		1,506,342
FVCBankcorp, Inc. (A)	2,831		49,712
German American Bancorp, Inc.	4,262		136,597
Glacier Bancorp, Inc.	14,939		604,432
Great Southern Bancorp, Inc.	1,940		110,483
Great Western Bancorp, Inc.	9,960		328,680
Guaranty Bancshares, Inc.	1,794		54,878
Hancock Whitney Corp.	51,356		1,966,691
Hang Seng Bank, Ltd.	169,490		3,652,098
Hanmi Financial Corp.	5,569		104,586
HarborOne Bancorp, Inc. (A)	5,143		51,764
Heartland Financial USA, Inc.	5,893		263,653
Heritage Commerce Corp.	7,980		93,805
Heritage Financial Corp.	6,469		174,404
Hilltop Holdings, Inc.	12,566		300,202

 

229

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Home BancShares, Inc.	88,268	$	1,658,997
HomeTrust Bancshares, Inc.	3,158		82,329
Hope Bancorp, Inc.	21,233		304,481
Horizon Bancorp, Inc.	6,615		114,836
Howard Bancorp, Inc. (A)	2,950		49,236
HSBC Holdings PLC	4,489,140		34,396,941
Huntington Bancshares, Inc.	222,793		3,179,256
IBERIABANK Corp.	9,142		690,587
Independent Bank Corp. (MA)	5,806		433,418
Independent Bank Corp. (MI)	4,072		86,795
Independent Bank Group, Inc.	6,335		333,284
ING Groep NV	864,092		9,026,933
International Bancshares Corp.	32,355		1,249,550
Intesa Sanpaolo SpA	3,298,046		7,812,476
Investar Holding Corp.	2,339		55,668
Investors Bancorp, Inc.	39,915		453,434
Israel Discount Bank, Ltd., Class A	275,566		1,211,165
Japan Post Bank Company, Ltd. (C)	89,400		868,351
JPMorgan Chase & Co.	686,402		80,782,651
KBC Group NV	55,271		3,589,925
KeyCorp	215,369		3,842,183
Lakeland Bancorp, Inc.	8,715		134,472
Lakeland Financial Corp.	4,255		187,135
LCNB Corp.	2,865		50,825
LegacyTexas Financial Group, Inc.	8,532		371,398
Live Oak Bancshares, Inc. (C)	4,790		86,699
Lloyds Banking Group PLC	15,728,513		10,426,730
M&T Bank Corp.	28,694		4,532,791
Macatawa Bank Corp.	5,265		54,703
MainStreet Bancshares, Inc. (A)	1,844		38,816
Malvern Bancorp, Inc. (A)	1,671		36,478
Mebuki Financial Group, Inc.	194,000		479,748
Mediobanca Banca di Credito Finanziario SpA	137,266		1,498,366
Mercantile Bank Corp.	2,859		93,775
Metropolitan Bank Holding Corp. (A)	1,442		56,714
Mid Penn Bancorp, Inc.	1,843		47,236
Midland States Bancorp, Inc.	4,027		104,903
MidWestOne Financial Group, Inc.	2,335		71,264
Mitsubishi UFJ Financial Group, Inc.	2,726,968		13,888,065
Mizrahi Tefahot Bank, Ltd.	34,233		850,635
Mizuho Financial Group, Inc.	5,343,500		8,211,638
MutualFirst Financial, Inc.	1,165		36,721
National Australia Bank, Ltd.	623,584		12,502,989
National Bank Holdings Corp., Class A	5,161		176,455
National Bankshares, Inc.	1,418		56,791
NBT Bancorp, Inc.	7,377		269,924
Nicolet Bankshares, Inc. (A)	1,517		100,987
Nordea Bank ABP	9,747		69,048
Nordea Bank ABP (Stockholm Stock Exchange)	708,434		5,025,212
Northeast Bank	1,577		34,962
Northrim BanCorp, Inc.	1,422		56,411
Norwood Financial Corp.	1,275		40,303
OFG Bancorp	8,923		195,414
Ohio Valley Banc Corp.	867		31,637
Old Line Bancshares, Inc.	2,969		86,131
Old National Bancorp	29,768		512,158
Old Second Bancorp, Inc.	5,370		65,621
Opus Bank	3,974		86,514
Origin Bancorp, Inc.	3,283		110,768
Orrstown Financial Services, Inc.	2,559		56,042
Oversea-Chinese Banking Corp., Ltd.	707,724		5,563,697
Pacific Mercantile Bancorp (A)	3,966		29,785
Pacific Premier Bancorp, Inc.	10,513		327,900

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
PacWest Bancorp	46,416	$	1,686,757
Park National Corp.	2,199		208,487
Parke Bancorp, Inc.	2,111		46,906
PCB Bancorp	2,425		39,891
Peapack Gladstone Financial Corp.	3,529		98,918
Penns Woods Bancorp, Inc.	988		45,695
Peoples Bancorp, Inc.	3,032		96,448
Peoples Financial Services Corp.	1,274		57,699
People's United Financial, Inc.	85,600		1,338,356
People's Utah Bancorp	2,785		78,788
Pinnacle Financial Partners, Inc.	28,403		1,611,870
Preferred Bank	2,509		131,421
Premier Financial Bancorp, Inc.	2,498		42,891
Prosperity Bancshares, Inc. (C)	27,115		1,915,132
QCR Holdings, Inc.	2,761		104,863
Raiffeisen Bank International AG	32,743		759,364
RBB Bancorp	2,856		56,235
Regions Financial Corp.	214,191		3,388,502
Renasant Corp.	10,005		350,275
Republic Bancorp, Inc., Class A	1,685		73,213
Republic First Bancorp, Inc. (A)	9,642		40,496
Resona Holdings, Inc.	462,546		1,990,400
S&T Bancorp, Inc.	5,787		211,399
Sandy Spring Bancorp, Inc.	6,033		203,372
SB One Bancorp	2,200		49,632
Seacoast Banking Corp. of Florida (A)	8,855		224,120
Select Bancorp, Inc. (A)	3,231		37,480
ServisFirst Bancshares, Inc.	8,435		279,620
Seven Bank, Ltd.	131,040		359,995
Shinsei Bank, Ltd.	34,166		499,583
Shore Bancshares, Inc.	2,962		45,644
Sierra Bancorp	2,657		70,570
Signature Bank	21,492		2,562,276
Simmons First National Corp., Class A	16,002		398,450
Skandinaviska Enskilda Banken AB, A Shares	360,714		3,314,493
SmartFinancial, Inc. (A)	2,462		51,283
Societe Generale SA	169,978		4,656,057
South State Corp. (C)	5,891		443,592
Southern First Bancshares, Inc. (A)	1,545		61,568
Southern National Bancorp of Virginia, Inc.	4,248		65,377
Southside Bancshares, Inc.	5,570		189,993
Spirit of Texas Bancshares, Inc. (A)	1,851		39,889
Standard Chartered PLC	618,811		5,194,249
Sterling Bancorp	80,575		1,616,335
Stock Yards Bancorp, Inc.	3,556		130,470
Sumitomo Mitsui Financial Group, Inc.	294,658		10,125,072
Sumitomo Mitsui Trust Holdings, Inc.	73,383		2,657,337
Summit Financial Group, Inc.	2,180		55,808
SunTrust Banks, Inc.	95,300		6,556,640
SVB Financial Group (A)	11,064		2,311,823
Svenska Handelsbanken AB, A Shares	339,390		3,175,021
Swedbank AB, A Shares	200,706		2,890,506
Synovus Financial Corp.	60,597		2,166,949
TCF Financial Corp.	60,268		2,294,403
Texas Capital Bancshares, Inc. (A)	19,752		1,079,447
The Bancorp, Inc. (A)	9,341		92,476
The Bank of East Asia, Ltd.	288,799		711,284
The Bank of Kyoto, Ltd.	11,714		460,815
The Bank of NT Butterfield & Son, Ltd.	9,538		282,706
The Bank of Princeton	1,324		38,475
The Chiba Bank, Ltd.	120,364		622,535
The Community Financial Corp.	1,130		37,821
The First Bancshares, Inc.	2,275		73,483

 

230

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
The First of Long Island Corp.	4,402	$	100,146
The PNC Financial Services Group, Inc.	95,583		13,396,913
The Royal Bank of Scotland Group PLC	1,071,570		2,731,311
The Shizuoka Bank, Ltd.	100,008		749,447
Tompkins Financial Corp.	2,407		195,280
Towne Bank	11,240		312,528
TriCo Bancshares	4,264		154,783
TriState Capital Holdings, Inc. (A)	4,554		95,816
Triumph Bancorp, Inc. (A)	4,395		140,157
Trustmark Corp. (C)	36,391		1,241,297
U.S. Bancorp	307,837		17,035,700
UMB Financial Corp.	24,611		1,589,378
Umpqua Holdings Corp.	86,466		1,423,230
UniCredit SpA	445,413		5,250,083
United Bankshares, Inc. (C)	56,923		2,155,674
United Community Banks, Inc.	13,773		390,465
United Overseas Bank, Ltd.	279,339		5,191,519
Unity Bancorp, Inc.	1,671		37,013
Univest Financial Corp.	5,171		131,912
Valley National Bancorp	187,288		2,035,821
Veritex Holdings, Inc.	9,196		223,141
Washington Trust Bancorp, Inc.	2,527		122,079
Webster Financial Corp.	36,189		1,696,178
Wells Fargo & Company	860,729		43,415,171
WesBanco, Inc.	9,235		345,112
West Bancorporation, Inc.	3,088		67,133
Westamerica Bancorporation	4,540		282,297
Westpac Banking Corp.	764,759		15,274,250
Wintrust Financial Corp.	22,260		1,438,664
Zions Bancorp NA	37,989		1,691,270
			670,488,150
Capital markets – 2.5%
3i Group PLC	215,793		3,088,507
Affiliated Managers Group, Inc.	10,871		906,098
Ameriprise Financial, Inc.	28,094		4,132,627
Amundi SA (B)	13,430		935,507
Ares Management Corp., Class A	11,466		307,403
Artisan Partners Asset Management, Inc., Class A	9,012		254,499
Assetmark Financial Holdings, Inc. (A)	1,531		39,883
ASX, Ltd.	42,993		2,355,993
B. Riley Financial, Inc.	3,814		90,087
BlackRock, Inc.	25,219		11,238,595
Blucora, Inc. (A)	8,639		186,948
Brightsphere Investment Group, Inc.	12,679		125,649
Cboe Global Markets, Inc.	23,975		2,754,967
CME Group, Inc.	76,871		16,245,917
Cohen & Steers, Inc.	4,054		222,686
Cowen, Inc., Class A (A)	5,249		80,782
Credit Suisse Group AG (A)	566,747		6,933,079
Daiwa Securities Group, Inc.	339,308		1,518,485
Deutsche Bank AG (C)	435,517		3,254,256
Deutsche Boerse AG	42,150		6,573,675
Diamond Hill Investment Group, Inc.	628		86,746
Donnelley Financial Solutions, Inc. (A)	5,811		71,592
E*TRADE Financial Corp.	51,481		2,249,205
Eaton Vance Corp.	44,388		1,994,353
Evercore, Inc., Class A	15,657		1,254,126
FactSet Research Systems, Inc. (C)	15,022		3,649,895
Federated Investors, Inc., Class B	54,742		1,774,188
Focus Financial Partners, Inc., Class A (A)	5,516		131,281
Franklin Resources, Inc.	60,548		1,747,415
Greenhill & Company, Inc. (C)	3,139		41,184
Hamilton Lane, Inc., Class A	3,890		221,574

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Hargreaves Lansdown PLC	63,119	$	1,611,557
Hong Kong Exchanges & Clearing, Ltd.	265,171		7,772,173
Houlihan Lokey, Inc.	6,098		275,020
Interactive Brokers Group, Inc., Class A	30,137		1,620,768
Intercontinental Exchange, Inc.	120,304		11,100,450
INTL. FCStone, Inc. (A)	2,923		120,018
Invesco, Ltd.	82,697		1,400,887
Investec PLC	151,291		778,300
Janus Henderson Group PLC	62,461		1,402,874
Japan Exchange Group, Inc.	113,000		1,785,675
Julius Baer Group, Ltd. (A)	49,602		2,196,917
Ladenburg Thalmann Financial Services, Inc.	19,213		45,535
Legg Mason, Inc. (C)	32,020		1,222,844
London Stock Exchange Group PLC	69,791		6,267,209
Macquarie Group, Ltd.	71,760		6,360,961
Magellan Financial Group, Ltd.	27,492		957,552
MarketAxess Holdings, Inc.	8,105		2,654,388
Moelis & Company, Class A	8,489		278,864
Moody's Corp.	34,929		7,154,507
Morgan Stanley	269,647		11,505,837
MSCI, Inc.	18,182		3,959,131
Nasdaq, Inc.	24,747		2,458,614
Natixis SA	209,608		868,440
Nomura Holdings, Inc.	736,313		3,129,949
Northern Trust Corp.	46,131		4,304,945
Oppenheimer Holdings, Inc., Class A	1,898		57,054
Partners Group Holding AG	4,145		3,183,178
Piper Jaffray Companies	2,445		184,549
PJT Partners, Inc., Class A	4,036		164,265
Pzena Investment Management, Inc., Class A	3,680		32,826
Raymond James Financial, Inc.	26,527		2,187,416
S&P Global, Inc.	52,873		12,952,828
Safeguard Scientifics, Inc. (A)	4,329		49,091
SBI Holdings, Inc.	52,390		1,127,199
Schroders PLC	27,563		1,041,850
Sculptor Capital Management, Inc.	3,088		60,154
SEI Investments Company	49,814		2,951,729
Singapore Exchange, Ltd.	178,748		1,096,625
St. James's Place PLC	117,600		1,414,453
Standard Life Aberdeen PLC	538,804		1,892,342
State Street Corp.	79,982		4,734,135
Stifel Financial Corp.	39,255		2,252,452
T. Rowe Price Group, Inc.	50,569		5,777,508
The Bank of New York Mellon Corp.	184,148		8,325,331
The Charles Schwab Corp.	249,745		10,446,833
The Goldman Sachs Group, Inc.	69,469		14,396,061
UBS Group AG (A)	855,874		9,717,970
Virtus Investment Partners, Inc.	1,206		133,347
Waddell & Reed Financial, Inc., Class A (C)	12,823		220,299
Westwood Holdings Group, Inc.	1,671		46,237
WisdomTree Investments, Inc.	24,303		126,983
			240,273,332
Consumer finance – 0.5%
Acom Company, Ltd.	88,710		349,581
AEON Financial Service Company, Ltd.	24,953		377,284
American Express Company	146,047		17,274,439
Capital One Financial Corp.	100,966		9,185,887
Credit Saison Company, Ltd.	34,899		470,597
Curo Group Holdings Corp. (A)(C)	3,206		42,576
Discover Financial Services	68,317		5,539,826
Encore Capital Group, Inc. (A)(C)	5,479		182,588
Enova International, Inc. (A)	5,926		122,965

 

231

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)	9,607	$	62,013
FirstCash, Inc.	24,348		2,231,981
Green Dot Corp., Class A (A)(C)	27,298		689,275
LendingClub Corp. (A)	11,779		154,069
Medallion Financial Corp. (A)	4,403		28,179
Navient Corp.	79,648		1,019,494
Nelnet, Inc., Class A	3,143		199,895
PRA Group, Inc. (A)	8,001		270,354
Regional Management Corp. (A)	1,779		50,097
SLM Corp.	167,512		1,478,293
Synchrony Financial	131,027		4,466,710
World Acceptance Corp. (A)	1,110		141,536
			44,337,639
Diversified financial services – 1.2%
AMP, Ltd.	743,838		917,417
Banco Latinoamericano de Comercio Exterior SA, Class E	5,575		111,166
Berkshire Hathaway, Inc., Class B (A)	420,935		87,562,899
Cannae Holdings, Inc. (A)	11,978		329,036
Challenger, Ltd.	122,173		608,434
Eurazeo SE	8,890		661,139
EXOR NV	24,045		1,610,368
FGL Holdings	26,270		209,635
First Eagle Private Credit LLC (A)(D)	6,344		1,532
Groupe Bruxelles Lambert SA	17,888		1,717,037
Industrivarden AB, C Shares	36,954		808,407
Investor AB, B Shares	101,050		4,935,006
Jefferies Financial Group, Inc.	98,247		1,807,745
Kinnevik AB, B Shares	53,688		1,411,552
L E Lundbergforetagen AB, B Shares	16,890		635,217
Marlin Business Services Corp.	1,706		42,974
Mitsubishi UFJ Lease & Finance Company, Ltd.	89,296		517,950
On Deck Capital, Inc. (A)	12,640		42,470
ORIX Corp.	293,683		4,393,201
Pargesa Holding SA, Bearer Shares	8,606		661,960
Tokyo Century Corp.	9,500		441,803
Wendel SA	6,017		829,153
			110,256,101
Insurance – 3.6%
Admiral Group PLC	41,954		1,090,991
Aegon NV (C)	395,431		1,642,275
Aflac, Inc.	158,938		8,315,636
Ageas	39,508		2,190,130
AIA Group, Ltd.	2,681,535		25,289,667
Alleghany Corp. (A)	5,666		4,520,108
Allianz SE	94,158		21,917,338
Ambac Financial Group, Inc. (A)	8,075		157,866
American Equity Investment Life Holding Company	15,906		384,925
American Financial Group, Inc.	29,314		3,161,515
American International Group, Inc.	186,743		10,401,585
AMERISAFE, Inc.	3,336		220,543
Aon PLC	50,628		9,800,062
Argo Group International Holdings, Ltd.	5,732		402,616
Arthur J. Gallagher & Company	39,944		3,577,784
Assicurazioni Generali SpA	243,662		4,722,093
Assurant, Inc.	13,123		1,651,136
Aviva PLC	868,346		4,262,869
AXA SA	430,061		10,981,084
Baloise Holding AG	10,822		1,939,028
Brighthouse Financial, Inc. (A)	43,748		1,770,482
Brown & Brown, Inc.	91,672		3,305,692
Chubb, Ltd.	97,835		15,794,482
Cincinnati Financial Corp.	32,609		3,804,492

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Citizens, Inc. (A)(C)	9,237	$	63,458
CNO Financial Group, Inc.	88,766		1,405,166
CNP Assurances	38,174		737,698
Dai-ichi Life Holdings, Inc.	239,137		3,635,574
Direct Line Insurance Group PLC	304,859		1,124,780
eHealth, Inc. (A)	3,954		264,088
Employers Holdings, Inc.	5,440		237,075
Enstar Group, Ltd. (A)	2,007		381,169
Everest Re Group, Ltd.	8,746		2,327,223
FBL Financial Group, Inc., Class A	1,805		107,416
FedNat Holding Company	2,465		34,485
First American Financial Corp.	44,018		2,597,502
Genworth Financial, Inc., Class A (A)	286,825		1,262,030
Gjensidige Forsikring ASA	44,484		882,225
Global Indemnity, Ltd.	1,543		38,529
Globe Life, Inc.	21,547		2,063,341
Goosehead Insurance, Inc., Class A (C)	2,004		98,897
Greenlight Capital Re, Ltd., Class A (A)	5,837		61,289
Hallmark Financial Services, Inc. (A)	2,662		50,924
Hannover Rueck SE	13,379		2,261,174
HCI Group, Inc. (C)	1,255		52,760
Health Insurance Innovations, Inc., Class A (A)(C)	1,815		45,248
Heritage Insurance Holdings, Inc.	4,951		74,017
Horace Mann Educators Corp.	7,303		338,348
Insurance Australia Group, Ltd.	513,082		2,737,783
Investors Title Company	269		43,067
James River Group Holdings, Ltd.	5,152		263,988
Japan Post Holdings Company, Ltd.	349,400		3,224,120
Kemper Corp.	24,590		1,916,791
Kinsale Capital Group, Inc.	3,499		361,482
Legal & General Group PLC	1,321,520		4,033,700
Lincoln National Corp.	42,975		2,592,252
Loews Corp.	55,824		2,873,820
Mapfre SA	239,949		646,245
Marsh & McLennan Companies, Inc.	108,689		10,874,334
MBIA, Inc. (A)(C)	14,404		132,949
Medibank Pvt., Ltd.	611,222		1,403,683
Mercury General Corp.	10,651		595,178
MetLife, Inc.	170,873		8,058,371
MS&AD Insurance Group Holdings, Inc.	105,251		3,421,094
Muenchener Rueckversicherungs-Gesellschaft AG	32,005		8,266,820
National General Holdings Corp.	11,981		275,803
National Western Life Group, Inc., Class A	410		110,032
NI Holdings, Inc. (A)	2,123		36,388
NN Group NV	66,971		2,373,357
Old Republic International Corp.	111,915		2,637,837
Palomar Holdings, Inc. (A)(C)	1,124		44,308
Poste Italiane SpA (B)	115,769		1,315,957
Primerica, Inc.	16,445		2,092,297
Principal Financial Group, Inc.	55,660		3,180,412
ProAssurance Corp.	9,323		375,437
Protective Insurance Corp., Class B	2,213		38,617
Prudential Financial, Inc.	86,297		7,762,415
Prudential PLC	567,836		10,289,880
QBE Insurance Group, Ltd.	293,138		2,486,514
Reinsurance Group of America, Inc.	24,644		3,940,083
RenaissanceRe Holdings, Ltd.	17,341		3,354,616
RLI Corp.	6,980		648,512
RSA Insurance Group PLC	228,526		1,499,382
Safety Insurance Group, Inc.	2,562		259,607
Sampo OYJ, A Shares	98,269		3,904,452
SCOR SE	35,118		1,449,932

 

232

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Selective Insurance Group, Inc.	33,554	$	2,522,925
Sompo Holdings, Inc.	74,491		3,128,387
Sony Financial Holdings, Inc.	33,816		736,310
State Auto Financial Corp.	3,116		100,927
Stewart Information Services Corp.	4,123		159,931
Suncorp Group, Ltd.	279,926		2,578,975
Swiss Life Holding AG	7,587		3,627,345
Swiss Re AG	67,590		7,052,594
T&D Holdings, Inc.	123,325		1,317,817
The Allstate Corp.	70,667		7,680,090
The Hanover Insurance Group, Inc.	15,532		2,105,207
The Hartford Financial Services Group, Inc.	77,620		4,704,548
The Progressive Corp.	125,506		9,695,339
The Travelers Companies, Inc.	55,897		8,311,325
Third Point Reinsurance, Ltd. (A)	13,358		133,446
Tiptree, Inc.	5,512		40,127
Tokio Marine Holdings, Inc.	141,685		7,600,994
Trupanion, Inc. (A)(C)	5,193		132,006
Tryg A/S	26,758		766,628
United Fire Group, Inc. (C)	3,704		174,014
United Insurance Holdings Corp.	4,026		56,324
Universal Insurance Holdings, Inc. (C)	5,395		161,796
Unum Group	44,787		1,331,070
W.R. Berkley Corp.	56,823		4,104,325
Watford Holdings, Ltd. (A)	3,687		99,365
Willis Towers Watson PLC (C)	27,691		5,343,532
Zurich Insurance Group AG	33,571		12,857,954
			347,493,631
Mortgage real estate investment trusts – 0.1%
AG Mortgage Investment Trust, Inc.	6,010		91,052
Anworth Mortgage Asset Corp.	20,043		66,142
Apollo Commercial Real Estate Finance, Inc.	26,148		501,257
Ares Commercial Real Estate Corp.	5,133		78,176
Arlington Asset Investment Corp., Class A	7,217		39,621
ARMOUR Residential REIT, Inc.	10,233		171,403
Blackstone Mortgage Trust, Inc., Class A	20,513		735,391
Capstead Mortgage Corp.	15,226		111,911
Cherry Hill Mortgage Investment Corp.	3,303		43,269
Colony Credit Real Estate, Inc.	14,576		210,769
Dynex Capital, Inc.	4,710		69,614
Ellington Financial, Inc.	4,799		86,718
Exantas Capital Corp.	6,106		69,425
Granite Point Mortgage Trust, Inc.	9,097		170,478
Great Ajax Corp.	3,790		58,745
Invesco Mortgage Capital, Inc.	22,623		346,358
KKR Real Estate Finance Trust, Inc.	3,967		77,476
Ladder Capital Corp.	18,257		315,298
New York Mortgage Trust, Inc.	36,848		224,404
Orchid Island Capital, Inc.	9,864		56,718
PennyMac Mortgage Investment Trust	12,971		288,345
Ready Capital Corp.	5,672		90,298
Redwood Trust, Inc.	16,484		270,502
TPG RE Finance Trust, Inc.	8,104		160,783
Western Asset Mortgage Capital Corp.	8,525		82,266
			4,416,419
Thrifts and mortgage finance – 0.1%
Axos Financial, Inc. (A)(C)	10,161		280,952
Bridgewater Bancshares, Inc. (A)	4,910		58,625
Capitol Federal Financial, Inc.	22,251		306,619
Columbia Financial, Inc. (A)	9,237		145,852
Dime Community Bancshares, Inc. (C)	5,941		127,197
Entegra Financial Corp. (A)	1,482		44,519

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
ESSA Bancorp, Inc.	2,105	$	34,564
Essent Group, Ltd.	16,814		801,523
Federal Agricultural Mortgage Corp., Class C	1,620		132,289
First Defiance Financial Corp.	3,612		104,622
Flagstar Bancorp, Inc.	4,999		186,713
FS Bancorp, Inc.	976		51,240
Hingham Institution for Savings	288		54,432
Home Bancorp, Inc.	1,499		58,446
HomeStreet, Inc. (A)	4,240		115,837
Kearny Financial Corp.	14,954		195,000
LendingTree, Inc. (A)(C)	3,009		934,084
Luther Burbank Corp.	4,091		46,351
Merchants Bancorp	1,756		29,044
Meridian Bancorp, Inc.	8,784		164,700
Meta Financial Group, Inc.	6,283		204,889
MMA Capital Holdings, Inc. (A)	1,077		32,310
Mr. Cooper Group, Inc. (A)	13,557		143,975
New York Community Bancorp, Inc. (C)	183,521		2,303,189
NMI Holdings, Inc., Class A (A)	11,636		305,561
Northfield Bancorp, Inc.	8,214		131,917
Northwest Bancshares, Inc.	17,461		286,186
OceanFirst Financial Corp. (C)	9,099		214,736
Ocwen Financial Corp. (A)	26,162		49,185
Oritani Financial Corp.	7,381		130,607
PCSB Financial Corp.	2,944		58,851
PennyMac Financial Services, Inc. (A)	4,453		135,282
Provident Financial Services, Inc.	10,552		258,841
Radian Group, Inc.	35,755		816,644
Riverview Bancorp, Inc.	5,160		38,081
Southern Missouri Bancorp, Inc.	1,373		50,018
Sterling Bancorp, Inc.	3,643		35,556
Territorial Bancorp, Inc.	1,610		46,014
Timberland Bancorp, Inc.	1,428		39,270
TrustCo Bank Corp.	17,931		146,138
United Community Financial Corp.	8,121		87,544
United Financial Bancorp, Inc.	9,491		129,362
Walker & Dunlop, Inc.	4,900		274,057
Washington Federal, Inc. (C)	44,830		1,658,262
Waterstone Financial, Inc.	4,621		79,389
Western New England Bancorp, Inc.	5,127		48,860
WSFS Financial Corp.	9,218		406,514
			11,983,847
			1,429,249,119
Health care – 12.5%
Biotechnology – 1.7%
AbbVie, Inc.	317,385		24,032,392
Abeona Therapeutics, Inc. (A)	6,757		15,271
ACADIA Pharmaceuticals, Inc. (A)(C)	18,645		671,034
Acceleron Pharma, Inc. (A)	8,060		318,451
Achillion Pharmaceuticals, Inc. (A)	25,328		91,181
Acorda Therapeutics, Inc. (A)	8,567		24,587
Adamas Pharmaceuticals, Inc. (A)	3,781		19,340
ADMA Biologics, Inc. (A)	8,765		39,004
Adverum Biotechnologies, Inc. (A)	9,714		52,941
Aeglea BioTherapeutics, Inc. (A)	5,619		43,210
Affimed NV (A)(C)	12,003		35,289
Agenus, Inc. (A)(C)	20,363		52,537
Aimmune Therapeutics, Inc. (A)	8,153		170,724
Akcea Therapeutics, Inc. (A)	2,366		36,413
Akebia Therapeutics, Inc. (A)	21,796		85,440
Albireo Pharma, Inc. (A)	2,064		41,280
Alder Biopharmaceuticals, Inc. (A)(C)	13,123		247,500
Aldeyra Therapeutics, Inc. (A)	4,814		25,370
Alector, Inc. (A)(C)	5,074		73,167

 

233

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Alexion Pharmaceuticals, Inc. (A)	48,135	$	4,714,342
Allakos, Inc. (A)	3,354		263,725
Allogene Therapeutics, Inc. (A)(C)	6,966		189,858
AMAG Pharmaceuticals, Inc. (A)(C)	6,276		72,488
Amgen, Inc.	128,737		24,911,897
Amicus Therapeutics, Inc. (A)	44,249		354,877
AnaptysBio, Inc. (A)	4,432		155,076
Anavex Life Sciences Corp. (A)(C)	8,934		28,231
Anika Therapeutics, Inc. (A)	2,384		130,858
Apellis Pharmaceuticals, Inc. (A)	8,744		210,643
Arcus Biosciences, Inc. (A)	6,444		58,640
Ardelyx, Inc. (A)	8,311		39,062
Arena Pharmaceuticals, Inc. (A)	8,857		405,385
ArQule, Inc. (A)	19,385		138,990
Arrowhead Pharmaceuticals, Inc. (A)(C)	16,532		465,872
Assembly Biosciences, Inc. (A)	4,420		43,449
Atara Biotherapeutics, Inc. (A)	8,926		126,035
Athenex, Inc. (A)(C)	11,673		142,002
Athersys, Inc. (A)	26,929		35,816
Audentes Therapeutics, Inc. (A)	7,933		222,838
Avid Bioservices, Inc. (A)	10,586		56,106
Avrobio, Inc. (A)	3,534		49,900
BeiGene, Ltd., ADR (A)	8,000		979,680
Beyondspring, Inc. (A)(C)	2,153		38,969
BioCryst Pharmaceuticals, Inc. (A)	20,954		60,033
Biogen, Inc. (A)	39,595		9,218,508
Biohaven Pharmaceutical Holding Company, Ltd. (A)	6,779		282,820
BioSpecifics Technologies Corp. (A)	1,166		62,404
Blueprint Medicines Corp. (A)	8,645		635,148
Bridgebio Pharma, Inc. (A)	3,725		79,976
Calithera Biosciences, Inc. (A)	8,083		24,976
CareDx, Inc. (A)	7,376		166,771
CASI Pharmaceuticals, Inc. (A)	10,495		35,053
Catalyst Pharmaceuticals, Inc. (A)	17,392		92,352
Celgene Corp. (A)	152,145		15,107,999
Cellular Biomedicine Group, Inc. (A)	2,462		36,585
CEL-SCI Corp. (A)(C)	4,995		44,655
ChemoCentryx, Inc. (A)	7,582		51,406
Chimerix, Inc. (A)	9,745		22,901
Clovis Oncology, Inc. (A)(C)	8,916		35,040
Coherus Biosciences, Inc. (A)(C)	11,007		223,002
Concert Pharmaceuticals, Inc. (A)	4,431		26,054
Constellation Pharmaceuticals, Inc. (A)	3,101		20,032
Corbus Pharmaceuticals Holdings, Inc. (A)(C)	11,276		54,914
Crinetics Pharmaceuticals, Inc. (A)(C)	2,108		31,704
CSL, Ltd.	100,499		15,890,088
Cue Biopharma, Inc. (A)	4,153		35,010
Cyclerion Therapeutics, Inc. (A)	4,604		55,800
Cytokinetics, Inc. (A)	10,169		115,723
CytomX Therapeutics, Inc. (A)	8,459		62,427
Deciphera Pharmaceuticals, Inc. (A)	3,246		110,169
Denali Therapeutics, Inc. (A)(C)	8,690		133,131
Dicerna Pharmaceuticals, Inc. (A)	9,342		134,151
Dynavax Technologies Corp. (A)(C)	14,330		51,230
Eagle Pharmaceuticals, Inc. (A)	1,644		93,001
Editas Medicine, Inc. (A)(C)	8,976		204,114
Eidos Therapeutics, Inc. (A)(C)	2,045		73,559
Eiger BioPharmaceuticals, Inc. (A)	4,664		47,806
Emergent BioSolutions, Inc. (A)	8,090		422,945
Enanta Pharmaceuticals, Inc. (A)	3,086		185,407
Epizyme, Inc. (A)(C)	14,130		145,751
Esperion Therapeutics, Inc. (A)(C)	4,480		164,237
Exelixis, Inc. (A)	118,943		2,103,507

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Fate Therapeutics, Inc. (A)	9,453	$	146,805
FibroGen, Inc. (A)	13,744		508,253
Five Prime Therapeutics, Inc. (A)	6,826		26,451
Flexion Therapeutics, Inc. (A)(C)	6,291		86,218
Forty Seven, Inc. (A)	3,688		23,677
G1 Therapeutics, Inc. (A)	6,057		137,978
Galectin Therapeutics, Inc. (A)	7,188		26,380
Genmab A/S (A)	14,392		2,924,218
Genomic Health, Inc. (A)	4,785		324,519
Geron Corp. (A)(C)	33,377		44,391
Gilead Sciences, Inc.	271,869		17,231,057
Global Blood Therapeutics, Inc. (A)(C)	10,096		489,858
GlycoMimetics, Inc. (A)	6,521		28,106
Gossamer Bio, Inc. (A)(C)	7,332		123,104
Grifols SA	66,053		1,947,116
Gritstone Oncology, Inc. (A)	4,889		42,217
Halozyme Therapeutics, Inc. (A)	25,553		396,327
Heron Therapeutics, Inc. (A)(C)	13,274		245,569
Homology Medicines, Inc. (A)(C)	4,478		81,052
ImmunoGen, Inc. (A)	27,054		65,471
Immunomedics, Inc. (A)	30,949		410,384
Incyte Corp. (A)	38,320		2,844,494
Inovio Pharmaceuticals, Inc. (A)(C)	18,065		37,033
Insmed, Inc. (A)(C)	15,476		272,997
Intellia Therapeutics, Inc. (A)(C)	6,818		91,020
Intercept Pharmaceuticals, Inc. (A)	4,436		294,373
Intrexon Corp. (A)(C)	13,225		75,647
Invitae Corp. (A)(C)	15,368		296,141
Iovance Biotherapeutics, Inc. (A)	20,325		369,915
Ironwood Pharmaceuticals, Inc. (A)	27,643		237,315
Kadmon Holdings, Inc. (A)	25,119		63,300
KalVista Pharmaceuticals, Inc. (A)	2,237		25,949
Karyopharm Therapeutics, Inc. (A)	10,725		103,175
Kindred Biosciences, Inc. (A)	7,326		50,183
Kiniksa Pharmaceuticals, Ltd., Class A (A)(C)	2,791		23,751
Kodiak Sciences, Inc. (A)	4,473		64,322
Krystal Biotech, Inc. (A)	1,736		60,283
Kura Oncology, Inc. (A)	5,850		88,745
La Jolla Pharmaceutical Company (A)	4,076		35,869
Lexicon Pharmaceuticals, Inc. (A)(C)	8,181		24,625
Ligand Pharmaceuticals, Inc. (A)(C)	10,733		1,068,363
MacroGenics, Inc. (A)	8,691		110,897
Madrigal Pharmaceuticals, Inc. (A)(C)	1,425		122,864
Magenta Therapeutics, Inc. (A)	3,706		38,024
MannKind Corp. (A)(C)	36,746		45,933
Marker Therapeutics, Inc. (A)	5,361		27,395
MediciNova, Inc. (A)(C)	7,861		62,534
MEI Pharma, Inc. (A)	15,005		25,208
MeiraGTx Holdings PLC (A)	2,902		46,287
Minerva Neurosciences, Inc. (A)	6,025		46,694
Mirati Therapeutics, Inc. (A)	4,746		369,761
Molecular Templates, Inc. (A)	3,566		23,500
Momenta Pharmaceuticals, Inc. (A)	17,833		231,116
Mustang Bio, Inc. (A)	4,993		16,277
Myriad Genetics, Inc. (A)	12,407		355,212
Natera, Inc. (A)	9,950		326,360
Novavax, Inc. (A)	4,766		23,925
OPKO Health, Inc. (A)(C)	62,155		129,904
Palatin Technologies, Inc. (A)(C)	39,805		36,175
PDL BioPharma, Inc. (A)(C)	22,059		47,647
PeptiDream, Inc. (A)	20,600		984,664
Pfenex, Inc. (A)	5,818		49,104
Pieris Pharmaceuticals, Inc. (A)	9,293		31,689
Portola Pharmaceuticals, Inc. (A)(C)	12,881		345,468

 

234

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Principia Biopharma, Inc. (A)(C)	2,507	$	70,798
Progenics Pharmaceuticals, Inc. (A)	16,126		81,517
Protagonist Therapeutics, Inc. (A)	3,087		37,075
Prothena Corp. PLC (A)	7,790		61,074
PTC Therapeutics, Inc. (A)	10,162		343,679
Puma Biotechnology, Inc. (A)(C)	5,694		61,296
Ra Pharmaceuticals, Inc. (A)	5,921		140,032
Radius Health, Inc. (A)	8,103		208,652
Recro Pharma, Inc. (A)	3,834		42,481
Regeneron Pharmaceuticals, Inc. (A)	17,154		4,758,520
REGENXBIO, Inc. (A)	5,956		212,034
Repligen Corp. (A)	27,117		2,079,603
Replimune Group, Inc. (A)	2,368		32,915
Retrophin, Inc. (A)	7,610		88,200
Rhythm Pharmaceuticals, Inc. (A)	4,295		92,729
Rigel Pharmaceuticals, Inc. (A)	32,420		60,625
Rocket Pharmaceuticals, Inc. (A)(C)	5,509		64,180
Rubius Therapeutics, Inc. (A)(C)	6,479		50,860
Sangamo Therapeutics, Inc. (A)(C)	20,668		187,045
Scholar Rock Holding Corp. (A)	2,999		26,841
Seres Therapeutics, Inc. (A)	6,319		25,339
Solid Biosciences, Inc. (A)	3,367		34,815
Sorrento Therapeutics, Inc. (A)(C)	22,115		47,326
Spark Therapeutics, Inc. (A)	6,085		590,123
Spectrum Pharmaceuticals, Inc. (A)	20,427		169,442
Spero Therapeutics, Inc. (A)	1,925		20,405
Stemline Therapeutics, Inc. (A)	7,604		79,158
Stoke Therapeutics, Inc. (A)	1,473		31,655
Syndax Pharmaceuticals, Inc. (A)	4,193		31,322
Synthorx, Inc. (A)	1,517		24,682
Syros Pharmaceuticals, Inc. (A)(C)	6,538		67,864
TCR2 Therapeutics, Inc. (A)	1,957		29,414
TG Therapeutics, Inc. (A)	14,431		81,030
The Medicines Company (A)(C)	13,092		654,600
Translate Bio, Inc. (A)(C)	5,553		55,030
Turning Point Therapeutics, Inc. (A)	1,253		47,113
Twist Bioscience Corp. (A)(C)	3,911		93,395
Ultragenyx Pharmaceutical, Inc. (A)(C)	9,721		415,864
United Therapeutics Corp. (A)	17,219		1,373,215
UNITY Biotechnology, Inc. (A)(C)	5,265		32,117
UroGen Pharma, Ltd. (A)(C)	3,504		83,500
Vanda Pharmaceuticals, Inc. (A)	9,452		125,523
Veracyte, Inc. (A)	8,336		200,064
Vericel Corp. (A)	7,981		120,832
Vertex Pharmaceuticals, Inc. (A)	55,178		9,348,257
Viking Therapeutics, Inc. (A)(C)	11,844		81,487
Voyager Therapeutics, Inc. (A)	4,408		75,862
X4 Pharmaceuticals, Inc. (A)	2,089		26,551
XBiotech, Inc. (A)(C)	3,060		32,008
Xencor, Inc. (A)	8,435		284,513
Y-mAbs Therapeutics, Inc. (A)	3,746		97,621
ZIOPHARM Oncology, Inc. (A)(C)	28,815		123,328
			164,387,159
Health care equipment and supplies – 3.0%
Abbott Laboratories	379,406		31,744,900
ABIOMED, Inc. (A)	9,741		1,732,826
Accuray, Inc. (A)	16,939		46,921
Alcon, Inc. (A)	92,190		5,377,430
Align Technology, Inc. (A)	15,603		2,822,895
Alphatec Holdings, Inc. (A)	6,247		31,360
AngioDynamics, Inc. (A)	6,537		120,412
Antares Pharma, Inc. (A)	29,515		98,728
Apyx Medical Corp. (A)	6,484		43,897
Asahi Intecc Company, Ltd.	43,300		1,142,408
AtriCure, Inc. (A)	6,575		163,981

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Atrion Corp. (C)	252	$	196,351
Avanos Medical, Inc. (A)	27,102		1,015,241
Avedro, Inc. (A)	1,133		25,719
Axogen, Inc. (A)	6,190		77,251
Axonics Modulation Technologies, Inc. (A)	2,793		75,188
Baxter International, Inc.	109,601		9,586,799
Becton, Dickinson and Company	57,951		14,659,285
BioMerieux	9,200		760,845
BioSig Technologies, Inc. (A)(C)	3,311		27,316
Boston Scientific Corp. (A)	299,029		12,167,490
Cantel Medical Corp.	14,432		1,079,514
Cardiovascular Systems, Inc. (A)	6,053		287,639
Carl Zeiss Meditec AG, Bearer Shares	8,932		1,018,028
Cerus Corp. (A)	25,051		129,138
Cochlear, Ltd.	12,812		1,802,962
Coloplast A/S, B Shares	26,354		3,170,804
Conformis, Inc. (A)	11,987		22,296
CONMED Corp.	4,774		459,020
Corindus Vascular Robotics, Inc. (A)	16,715		71,540
CryoLife, Inc. (A)	6,447		175,036
CryoPort, Inc. (A)(C)	5,177		84,670
Cutera, Inc. (A)	2,559		74,800
CytoSorbents Corp. (A)	6,166		31,015
Danaher Corp.	137,057		19,795,143
Demant A/S (A)(C)	24,469		626,406
DENTSPLY SIRONA, Inc.	48,125		2,565,544
Edwards Lifesciences Corp. (A)	44,645		9,817,882
Fisher & Paykel Healthcare Corp., Ltd.	127,493		1,383,308
GenMark Diagnostics, Inc. (A)(C)	10,413		63,103
Glaukos Corp. (A)(C)	6,351		397,001
Globus Medical, Inc., Class A (A)	43,412		2,219,221
Haemonetics Corp. (A)	28,916		3,647,464
Heska Corp. (A)	1,250		88,588
Hill-Rom Holdings, Inc.	26,236		2,760,814
Hologic, Inc. (A)	57,382		2,897,217
Hoya Corp.	84,607		6,929,557
ICU Medical, Inc. (A)	7,547		1,204,501
IDEXX Laboratories, Inc. (A)	18,481		5,025,538
Inogen, Inc. (A)	3,253		155,851
Integer Holdings Corp. (A)	5,713		431,674
Integra LifeSciences Holdings Corp. (A)	27,877		1,674,571
IntriCon Corp. (A)	1,591		30,929
Intuitive Surgical, Inc. (A)	24,741		13,358,408
Invacare Corp.	6,368		47,760
iRhythm Technologies, Inc. (A)	4,383		324,824
Koninklijke Philips NV	205,539		9,497,767
Lantheus Holdings, Inc. (A)	6,777		169,866
LeMaitre Vascular, Inc.	2,946		100,694
LivaNova PLC (A)	27,529		2,031,365
Masimo Corp. (A)	19,264		2,866,291
Medtronic PLC	288,015		31,284,189
Meridian Bioscience, Inc.	7,805		74,069
Merit Medical Systems, Inc. (A)	9,461		288,182
Mesa Laboratories, Inc.	602		143,138
Misonix, Inc. (A)	1,477		29,688
Natus Medical, Inc. (A)	5,972		190,148
Neogen Corp. (A)	9,010		613,671
Neuronetics, Inc. (A)	2,747		22,828
Nevro Corp. (A)	5,265		452,632
Novocure, Ltd. (A)(C)	15,140		1,132,169
NuVasive, Inc. (A)	29,555		1,873,196
Olympus Corp.	258,508		3,502,238
OraSure Technologies, Inc. (A)	11,351		84,792
Orthofix Medical, Inc. (A)	3,223		170,883

 

235

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
OrthoPediatrics Corp. (A)	1,601	$	56,451
Penumbra, Inc. (A)(C)	12,569		1,690,405
Pulse Biosciences, Inc. (A)(C)	2,328		35,944
Quidel Corp. (A)	6,280		385,278
ResMed, Inc.	30,842		4,167,063
Rockwell Medical, Inc. (A)	11,419		31,516
RTI Surgical Holdings, Inc. (A)	11,302		32,211
SeaSpine Holdings Corp. (A)	3,320		40,537
Senseonics Holdings, Inc. (A)(C)	21,256		21,012
Shockwave Medical, Inc. (A)	1,203		36,006
SI-BONE, Inc. (A)	3,056		54,000
Siemens Healthineers AG (B)	33,329		1,310,567
Sientra, Inc. (A)	6,251		40,506
Silk Road Medical, Inc. (A)	1,637		53,252
Smith & Nephew PLC	194,082		4,673,861
Sonova Holding AG	12,320		2,866,625
STAAR Surgical Company (A)(C)	7,907		203,842
STERIS PLC	33,254		4,804,870
Straumann Holding AG	2,290		1,873,103
Stryker Corp.	68,881		14,898,960
Surmodics, Inc. (A)	2,374		108,587
Sysmex Corp.	37,079		2,491,051
Tactile Systems Technology, Inc. (A)	3,248		137,455
Tandem Diabetes Care, Inc. (A)	9,850		580,953
Teleflex, Inc.	9,925		3,372,019
Terumo Corp.	143,234		4,634,798
The Cooper Companies, Inc.	10,642		3,160,674
TransEnterix, Inc. (A)(C)	35,377		21,927
TransMedics Group, Inc. (A)	1,289		30,614
Utah Medical Products, Inc.	674		64,596
Vapotherm, Inc. (A)	2,175		20,597
Varex Imaging Corp. (A)	6,694		191,047
Varian Medical Systems, Inc. (A)	19,548		2,327,971
ViewRay, Inc. (A)(C)	12,660		36,714
West Pharmaceutical Services, Inc.	28,959		4,106,965
Wright Medical Group NV (A)	22,236		458,729
Zimmer Biomet Holdings, Inc.	44,075		6,050,175
Zynex, Inc. (C)	3,101		29,491
			285,397,187
Health care providers and services – 1.8%
Acadia Healthcare Company, Inc. (A)	34,761		1,080,372
Addus HomeCare Corp. (A)	1,863		147,699
Alfresa Holdings Corp.	41,700		934,342
Amedisys, Inc. (A)	18,155		2,378,487
American Renal Associates Holdings, Inc. (A)	2,785		17,601
AmerisourceBergen Corp.	32,646		2,687,745
AMN Healthcare Services, Inc. (A)	8,071		464,567
Anthem, Inc.	54,916		13,185,332
Apollo Medical Holdings, Inc. (A)	4,548		80,136
BioTelemetry, Inc. (A)	5,933		241,651
Brookdale Senior Living, Inc. (A)	32,906		249,427
Cardinal Health, Inc.	64,000		3,020,160
Catasys, Inc. (A)(C)	1,419		22,363
Centene Corp. (A)	88,788		3,840,969
Chemed Corp.	6,252		2,610,648
Cigna Corp.	81,061		12,304,249
Community Health Systems, Inc. (A)(C)	16,128		58,061
CorVel Corp. (A)	1,596		120,817
Covetrus, Inc. (A)(C)	38,255		454,852
Cross Country Healthcare, Inc. (A)	6,609		68,073
CVS Health Corp.	279,177		17,607,693
DaVita, Inc. (A)	20,787		1,186,314
Diplomat Pharmacy, Inc. (A)(C)	10,963		53,719
Encompass Health Corp.	38,735		2,451,151

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Enzo Biochem, Inc. (A)	9,175	$	33,030
Fresenius Medical Care AG & Company KGaA	47,811		3,212,911
Fresenius SE & Company KGaA	92,589		4,331,372
Hanger, Inc. (A)	6,473		131,920
HCA Healthcare, Inc.	57,095		6,875,380
HealthEquity, Inc. (A)	39,745		2,271,228
Henry Schein, Inc. (A)	31,827		2,021,015
Humana, Inc.	28,999		7,414,174
Laboratory Corp. of America Holdings (A)	20,973		3,523,464
LHC Group, Inc. (A)	5,302		602,095
Magellan Health, Inc. (A)	3,876		240,700
McKesson Corp.	39,693		5,424,445
Medipal Holdings Corp.	40,741		909,430
MEDNAX, Inc. (A)	33,068		747,998
Molina Healthcare, Inc. (A)	24,625		2,701,855
National HealthCare Corp.	2,134		174,668
National Research Corp.	2,164		124,971
NMC Health PLC	20,822		693,979
Option Care Health, Inc. (A)	22,564		72,205
Owens & Minor, Inc.	11,304		65,676
Patterson Companies, Inc.	48,440		863,201
PetIQ, Inc. (A)(C)	3,466		94,483
Quest Diagnostics, Inc.	28,910		3,094,237
R1 RCM, Inc. (A)	18,313		163,535
RadNet, Inc. (A)	7,724		110,917
Ramsay Health Care, Ltd.	31,432		1,377,037
Ryman Healthcare, Ltd.	88,987		739,585
Select Medical Holdings Corp. (A)	19,511		323,297
Sonic Healthcare, Ltd.	99,993		1,895,971
Surgery Partners, Inc. (A)(C)	4,909		36,253
Suzuken Company, Ltd.	16,048		863,857
Tenet Healthcare Corp. (A)	58,787		1,300,368
The Ensign Group, Inc.	8,928		423,455
The Joint Corp. (A)	2,508		46,674
The Providence Service Corp. (A)	2,117		125,877
Tivity Health, Inc. (A)(C)	8,418		139,991
Triple-S Management Corp., Class B (A)	4,206		56,360
UnitedHealth Group, Inc.	203,438		44,211,146
Universal Health Services, Inc., Class B	17,438		2,593,903
US Physical Therapy, Inc.	2,219		289,690
WellCare Health Plans, Inc. (A)	10,800		2,799,036
			168,387,817
Health care technology – 0.1%
Allscripts Healthcare Solutions, Inc. (A)	94,912		1,042,134
Castlight Health, Inc., B Shares (A)	19,599		27,635
Cerner Corp.	68,349		4,659,351
Computer Programs & Systems, Inc.	2,396		54,174
Evolent Health, Inc., Class A (A)(C)	13,161		94,628
Health Catalyst, Inc. (A)	1,038		32,842
HealthStream, Inc. (A)	4,770		123,495
HMS Holdings Corp. (A)	15,340		528,693
Inovalon Holdings, Inc., Class A (A)(C)	12,671		207,678
Inspire Medical Systems, Inc. (A)	2,341		142,848
Livongo Health, Inc. (A)	2,398		41,821
M3, Inc.	97,786		2,366,408
Medidata Solutions, Inc. (A)	24,448		2,236,992
NextGen Healthcare, Inc. (A)	9,674		151,592
Omnicell, Inc. (A)	7,291		526,921
OptimizeRx Corp. (A)	2,370		34,318
Phreesia, Inc. (A)	1,262		30,591
Simulations Plus, Inc.	2,205		76,514
Tabula Rasa HealthCare, Inc. (A)(C)	3,498		192,180
Teladoc Health, Inc. (A)(C)	12,580		851,918

 

236

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Vocera Communications, Inc. (A)	5,453	$	134,416
			13,557,149
Life sciences tools and services – 0.8%
Accelerate Diagnostics, Inc. (A)(C)	4,976		92,404
Agilent Technologies, Inc.	66,433		5,090,761
Bio-Rad Laboratories, Inc., Class A (A)	8,440		2,808,326
Bio-Techne Corp.	14,947		2,924,679
Cambrex Corp. (A)	5,956		354,382
Charles River Laboratories International, Inc. (A)	19,165		2,536,871
ChromaDex Corp. (A)	8,067		31,744
Codexis, Inc. (A)(C)	9,407		129,017
Eurofins Scientific SE (C)	2,546		1,183,988
Fluidigm Corp. (A)	12,475		57,759
Illumina, Inc. (A)	31,556		9,599,966
IQVIA Holdings, Inc. (A)	39,109		5,842,102
Lonza Group AG (A)	16,523		5,591,562
Luminex Corp.	7,431		153,450
Medpace Holdings, Inc. (A)	4,882		410,283
Mettler-Toledo International, Inc. (A)	5,283		3,721,345
NanoString Technologies, Inc. (A)	5,951		128,482
NeoGenomics, Inc. (A)	15,961		305,174
Pacific Biosciences of California, Inc. (A)	25,439		131,265
PerkinElmer, Inc.	23,845		2,030,879
Personalis, Inc. (A)	1,228		18,021
PRA Health Sciences, Inc. (A)	24,658		2,446,813
QIAGEN NV (A)	50,398		1,650,468
Quanterix Corp. (A)	1,985		43,591
Sartorius Stedim Biotech	6,141		858,960
Syneos Health, Inc. (A)	35,343		1,880,601
Thermo Fisher Scientific, Inc.	85,970		25,040,482
Waters Corp. (A)	14,331		3,199,109
			78,262,484
Pharmaceuticals – 5.1%
AcelRx Pharmaceuticals, Inc. (A)(C)	15,733		34,613
Aerie Pharmaceuticals, Inc. (A)(C)	7,605		146,168
Akorn, Inc. (A)	17,184		65,299
Allergan PLC	70,419		11,850,814
Amneal Pharmaceuticals, Inc. (A)(C)	17,247		50,016
Amphastar Pharmaceuticals, Inc. (A)	6,504		128,974
ANI Pharmaceuticals, Inc. (A)	1,650		120,252
Arvinas, Inc. (A)	3,324		71,632
Astellas Pharma, Inc.	419,047		5,994,115
AstraZeneca PLC	291,035		25,986,229
Axsome Therapeutics, Inc. (A)(C)	4,412		89,299
Bayer AG	206,890		14,576,030
BioDelivery Sciences International, Inc. (A)	15,672		65,979
Bristol-Myers Squibb Company (C)	351,149		17,806,766
Cara Therapeutics, Inc. (A)	6,734		123,098
Catalent, Inc. (A)	57,339		2,732,777
Chiasma, Inc. (A)	5,817		28,794
Chugai Pharmaceutical Company, Ltd.	49,734		3,886,570
Collegium Pharmaceutical, Inc. (A)	6,065		69,626
Corcept Therapeutics, Inc. (A)	17,141		242,288
Corium International, Inc. (A)(D)	5,285		951
CorMedix, Inc. (A)	4,516		28,812
Cymabay Therapeutics, Inc. (A)	12,850		65,792
Daiichi Sankyo Company, Ltd.	125,886		7,954,659
Dermira, Inc. (A)(C)	8,660		55,337
Dova Pharmaceuticals, Inc. (A)	1,349		37,705
Eisai Company, Ltd.	55,968		2,859,237
Elanco Animal Health, Inc. (A)(D)	9,534		241
Eli Lilly & Company	182,379		20,395,444

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Eloxx Pharmaceuticals, Inc. (A)	4,612	$	20,846
Endo International PLC (A)	40,159		128,910
Evolus, Inc. (A)(C)	2,519		39,347
Eyepoint Pharmaceuticals, Inc. (A)	10,557		19,108
GlaxoSmithKline PLC	1,106,679		23,721,210
H Lundbeck A/S	15,457		512,440
Hisamitsu Pharmaceutical Company, Inc.	11,584		509,934
Innoviva, Inc. (A)	11,578		122,032
Intersect ENT, Inc. (A)(C)	5,592		95,120
Intra-Cellular Therapies, Inc. (A)	8,360		62,449
Ipsen SA	8,371		794,127
Johnson & Johnson	566,548		73,299,980
Kyowa Kirin Company, Ltd.	53,959		1,050,815
Lannett Company, Inc. (A)	5,770		64,624
Mallinckrodt PLC (A)(C)	15,244		36,738
Merck & Company, Inc.	549,634		46,268,190
Merck KGaA	28,682		3,231,020
Mitsubishi Tanabe Pharma Corp.	49,934		550,288
Mylan NV (A)	110,742		2,190,477
MyoKardia, Inc. (A)(C)	7,883		411,098
Nektar Therapeutics (A)(C)	37,626		685,358
Novartis AG	476,629		41,365,176
Novo Nordisk A/S, B Shares	392,556		20,285,784
Ocular Therapeutix, Inc. (A)	7,766		23,609
Odonate Therapeutics, Inc. (A)	1,979		51,513
Omeros Corp. (A)(C)	8,435		137,744
Ono Pharmaceutical Company, Ltd.	84,400		1,537,091
Optinose, Inc. (A)(C)	4,947		34,629
Orion OYJ, Class B	23,167		863,269
Otsuka Holdings Company, Ltd.	86,693		3,256,625
Pacira BioSciences, Inc. (A)	7,199		274,066
Paratek Pharmaceuticals, Inc. (A)	5,557		24,006
Perrigo Company PLC	29,207		1,632,379
Pfizer, Inc.	1,187,347		42,661,378
Phibro Animal Health Corp., Class A	3,741		79,796
Prestige Consumer Healthcare, Inc. (A)(C)	28,620		992,828
Reata Pharmaceuticals, Inc., Class A (A)(C)	3,570		286,635
Recordati SpA	23,229		996,263
resTORbio, Inc. (A)	3,099		27,395
Revance Therapeutics, Inc. (A)	8,232		107,016
Roche Holding AG	155,876		45,385,549
Sanofi	249,619		23,122,892
Santen Pharmaceutical Company, Ltd.	79,900		1,396,301
Shionogi & Company, Ltd.	59,711		3,329,067
SIGA Technologies, Inc. (A)	10,270		52,582
Sumitomo Dainippon Pharma Company, Ltd.	35,292		583,920
Supernus Pharmaceuticals, Inc. (A)	8,818		242,319
Taisho Pharmaceutical Holdings Company, Ltd.	8,016		586,131
Takeda Pharmaceutical Company, Ltd.	329,798		11,317,233
Teva Pharmaceutical Industries, Ltd., ADR (A)(C)	244,008		1,678,775
TherapeuticsMD, Inc. (A)(C)	35,567		129,108
Theravance Biopharma, Inc. (A)	7,975		155,353
Tricida, Inc. (A)	3,964		122,369
UCB SA	28,052		2,035,239
Verrica Pharmaceuticals, Inc. (A)	2,237		33,018
Vifor Pharma AG	10,094		1,613,315
WaVe Life Sciences, Ltd. (A)(C)	4,163		85,466
Xeris Pharmaceuticals, Inc. (A)(C)	5,275		51,853
Zoetis, Inc.	102,517		12,772,593
Zogenix, Inc. (A)	7,556		302,542

 

237

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Zynerba Pharmaceuticals, Inc. (A)(C)	3,989	$	30,157
			488,944,612
			1,198,936,408
Industrials – 11.6%
Aerospace and defense – 2.1%
AAR Corp.	5,888		242,644
Aerojet Rocketdyne Holdings, Inc. (A)	12,832		648,144
AeroVironment, Inc. (A)(C)	3,793		203,153
Airbus SE	129,521		16,815,522
Arconic, Inc.	83,155		2,162,030
Astronics Corp. (A)	4,374		128,508
Axon Enterprise, Inc. (A)(C)	33,529		1,903,777
BAE Systems PLC	711,577		4,983,379
Cubic Corp.	5,516		388,492
Curtiss-Wright Corp.	16,779		2,170,699
Dassault Aviation SA	561		793,518
Ducommun, Inc. (A)	1,972		83,613
General Dynamics Corp.	50,225		9,177,614
Huntington Ingalls Industries, Inc.	8,873		1,879,213
Kratos Defense & Security Solutions, Inc. (A)	15,947		296,534
L3Harris Technologies, Inc.	47,932		10,000,532
Leonardo SpA	90,034		1,058,351
Lockheed Martin Corp.	53,348		20,808,921
Maxar Technologies, Inc. (C)	10,729		81,540
Meggitt PLC	173,266		1,351,648
Mercury Systems, Inc. (A)	9,482		769,654
Moog, Inc., Class A	5,569		451,757
MTU Aero Engines AG	11,563		3,072,490
National Presto Industries, Inc. (C)	889		79,201
Northrop Grumman Corp.	33,779		12,660,031
Park Aerospace Corp.	3,524		61,881
Parsons Corp. (A)	3,312		109,230
Raytheon Company	59,784		11,729,023
Rolls-Royce Holdings PLC (A)	380,942		3,701,552
Safran SA	72,674		11,442,540
Singapore Technologies Engineering, Ltd.	351,152		976,104
Teledyne Technologies, Inc. (A)	14,285		4,599,627
Textron, Inc.	49,401		2,418,673
Thales SA	23,725		2,727,210
The Boeing Company	114,757		43,661,596
TransDigm Group, Inc.	10,656		5,548,260
Triumph Group, Inc.	8,813		201,641
United Technologies Corp.	174,128		23,771,955
Vectrus, Inc. (A)	2,038		82,845
Wesco Aircraft Holdings, Inc. (A)	9,215		101,457
			203,344,559
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A)	10,497		220,647
Atlas Air Worldwide Holdings, Inc. (A)	4,180		105,461
Bollore SA	195,103		807,914
C.H. Robinson Worldwide, Inc.	29,062		2,463,876
Deutsche Post AG	219,422		7,312,283
Echo Global Logistics, Inc. (A)	4,903		111,053
Expeditors International of Washington, Inc.	36,648		2,722,580
FedEx Corp.	51,520		7,499,766
Forward Air Corp.	5,022		320,002
Hub Group, Inc., Class A (A)(C)	5,771		268,352
Radiant Logistics, Inc. (A)	7,647		39,535
SG Holdings Company, Ltd.	32,000		784,195
United Parcel Service, Inc., Class B	149,911		17,962,336
XPO Logistics, Inc. (A)	36,197		2,590,619

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
Yamato Holdings Company, Ltd.	68,393	$	1,033,292
			44,241,911
Airlines – 0.3%
Alaska Air Group, Inc.	26,463		1,717,713
Allegiant Travel Company	2,268		339,429
American Airlines Group, Inc.	85,072		2,294,392
ANA Holdings, Inc. (C)	25,549		860,734
Delta Air Lines, Inc.	124,225		7,155,360
Deutsche Lufthansa AG	52,580		834,716
easyJet PLC	35,174		496,436
Hawaiian Holdings, Inc.	8,239		216,356
Japan Airlines Company, Ltd.	25,540		758,523
JetBlue Airways Corp. (A)	116,336		1,948,628
Mesa Air Group, Inc. (A)	4,077		27,499
Singapore Airlines, Ltd.	120,227		795,214
SkyWest, Inc.	8,781		504,029
Southwest Airlines Company	103,850		5,608,939
Spirit Airlines, Inc. (A)	11,980		434,874
United Airlines Holdings, Inc. (A)	47,432		4,193,463
			28,186,305
Building products – 0.6%
AAON, Inc. (C)	7,176		329,665
Advanced Drainage Systems, Inc.	6,396		206,399
AGC, Inc.	40,576		1,264,443
Allegion PLC	20,045		2,077,664
American Woodmark Corp. (A)	2,741		243,702
AO Smith Corp.	29,699		1,416,939
Apogee Enterprises, Inc.	4,635		180,719
Armstrong Flooring, Inc. (A)	3,863		24,685
Assa Abloy AB, B Shares	222,751		4,952,010
Builders FirstSource, Inc. (A)	20,173		415,059
Caesarstone, Ltd.	4,239		70,410
Cie de Saint-Gobain	109,327		4,284,820
Continental Building Products, Inc. (A)	6,131		167,315
Cornerstone Building Brands, Inc. (A)	8,603		52,048
CSW Industrials, Inc.	2,576		177,821
Daikin Industries, Ltd.	55,297		7,293,074
Fortune Brands Home & Security, Inc.	30,028		1,642,532
Geberit AG	8,243		3,939,206
Gibraltar Industries, Inc. (A)(C)	5,751		264,201
Griffon Corp.	6,574		137,857
Insteel Industries, Inc.	3,400		69,802
JELD-WEN Holding, Inc. (A)	11,929		230,110
Johnson Controls International PLC	170,814		7,497,026
Kingspan Group PLC	34,173		1,667,747
Lennox International, Inc.	13,838		3,362,219
LIXIL Group Corp.	59,250		1,046,779
Masco Corp.	62,137		2,589,870
Masonite International Corp. (A)	4,403		255,374
Owens Corning	42,720		2,699,904
Patrick Industries, Inc. (A)	4,040		173,235
PGT Innovations, Inc. (A)	10,120		174,772
Quanex Building Products Corp.	5,954		107,648
Resideo Technologies, Inc. (A)	48,212		691,842
Simpson Manufacturing Company, Inc.	7,764		538,589
TOTO, Ltd. (C)	31,500		1,186,300
Trex Company, Inc. (A)(C)	33,244		3,022,877
Universal Forest Products, Inc.	10,437		416,228
			54,870,891
Commercial services and supplies – 0.7%
ABM Industries, Inc.	11,665		423,673
ACCO Brands Corp.	17,167		169,438
Advanced Disposal Services, Inc. (A)	12,710		413,965
Brady Corp., Class A	8,292		439,891

 

238

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Brambles, Ltd.	354,230	$	2,727,926
BrightView Holdings, Inc. (A)	5,646		96,829
Casella Waste Systems, Inc., Class A (A)	7,959		341,759
CECO Environmental Corp. (A)	5,968		41,686
Cimpress NV (A)	3,827		504,552
Cintas Corp.	17,821		4,777,810
Clean Harbors, Inc. (A)	20,181		1,557,973
Copart, Inc. (A)	43,282		3,476,843
Covanta Holding Corp.	20,895		361,275
Dai Nippon Printing Company, Ltd.	54,073		1,402,705
Deluxe Corp.	24,412		1,200,094
Edenred	53,135		2,548,874
Ennis, Inc.	4,823		97,473
G4S PLC	344,524		802,374
Healthcare Services Group, Inc. (C)	42,274		1,026,835
Heritage-Crystal Clean, Inc. (A)	2,899		76,824
Herman Miller, Inc.	33,579		1,547,656
HNI Corp.	24,380		865,490
Interface, Inc.	10,441		150,768
ISS A/S	35,004		865,415
KAR Auction Services, Inc.	52,412		1,286,715
Kimball International, Inc., Class B	6,571		126,820
Knoll, Inc.	8,732		221,356
Matthews International Corp., Class A	5,518		195,282
McGrath RentCorp	4,270		297,149
Mobile Mini, Inc.	7,914		291,710
MSA Safety, Inc.	20,163		2,199,985
Park24 Company, Ltd.	25,800		599,361
PICO Holdings, Inc. (A)	4,193		42,307
Pitney Bowes, Inc. (C)	30,606		139,869
Quad/Graphics, Inc.	6,095		64,058
Rentokil Initial PLC	410,404		2,359,591
Republic Services, Inc.	45,445		3,933,265
Rollins, Inc.	30,230		1,029,936
RR Donnelley & Sons Company	13,524		50,985
Secom Company, Ltd.	46,555		4,260,055
Securitas AB, B Shares	69,574		1,065,389
Societe BIC SA (C)	5,618		377,140
Sohgo Security Services Company, Ltd.	15,900		836,260
SP Plus Corp. (A)	4,053		149,961
Steelcase, Inc., Class A	15,331		282,090
Stericycle, Inc. (A)(C)	35,781		1,822,326
Team, Inc. (A)(C)	5,389		97,271
Tetra Tech, Inc.	31,060		2,694,766
The Brink's Company	28,414		2,356,941
Toppan Printing Company, Ltd.	62,062		1,102,199
UniFirst Corp.	2,635		514,141
US Ecology, Inc.	3,958		253,075
Viad Corp.	3,507		235,495
VSE Corp.	1,667		56,828
Waste Management, Inc.	83,784		9,635,160
			64,495,614
Construction and engineering – 0.5%
ACS Actividades de Construccion y Servicios SA	58,314		2,329,993
AECOM (A)	61,935		2,326,279
Aegion Corp. (A)	5,532		118,274
Ameresco, Inc., Class A (A)	4,209		67,639
Arcosa, Inc.	8,556		292,701
Argan, Inc.	2,570		100,975
Bouygues SA	49,674		1,989,282
CIMIC Group, Ltd.	21,815		463,527
Comfort Systems USA, Inc.	6,407		283,382
Construction Partners, Inc., Class A (A)	2,472		38,514
Dycom Industries, Inc. (A)	17,728		905,014

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Eiffage SA	17,481	$	1,812,168
EMCOR Group, Inc.	31,752		2,734,482
Ferrovial SA	107,810		3,114,979
Fluor Corp.	54,945		1,051,098
Granite Construction, Inc. (C)	26,693		857,646
Great Lakes Dredge & Dock Corp. (A)	10,995		114,898
HOCHTIEF AG	5,531		630,314
IES Holdings, Inc. (A)	1,701		35,024
Jacobs Engineering Group, Inc.	29,087		2,661,461
JGC Corp.	49,006		646,749
Kajima Corp.	100,085		1,318,558
MasTec, Inc. (A)	34,185		2,219,632
MYR Group, Inc. (A)	2,916		91,242
Northwest Pipe Company (A)	1,919		54,020
NV5 Global, Inc. (A)	1,830		124,934
Obayashi Corp.	144,615		1,446,284
Primoris Services Corp.	7,891		154,743
Quanta Services, Inc. (C)	30,522		1,153,732
Shimizu Corp.	131,729		1,196,613
Skanska AB, B Shares	75,807		1,534,723
Sterling Construction Company, Inc. (A)	4,950		65,093
Taisei Corp.	44,973		1,750,214
Tutor Perini Corp. (A)(C)	7,102		101,772
Valmont Industries, Inc.	8,495		1,176,048
Vinci SA	113,345		12,209,412
WillScot Corp. (A)	9,344		145,580
			47,316,999
Electrical equipment – 0.8%
ABB, Ltd.	409,576		8,054,672
Acuity Brands, Inc.	15,667		2,111,755
Allied Motion Technologies, Inc.	1,359		47,986
American Superconductor Corp. (A)	4,301		33,720
AMETEK, Inc.	49,019		4,500,925
Atkore International Group, Inc. (A)	8,195		248,718
AZZ, Inc.	4,560		198,634
Bloom Energy Corp., Class A (A)(C)	10,046		32,650
Eaton Corp. PLC	90,161		7,496,887
Emerson Electric Company	132,043		8,828,395
Encore Wire Corp.	3,591		202,101
EnerSys	24,134		1,591,396
Fuji Electric Company, Ltd.	28,240		870,740
Generac Holdings, Inc. (A)(C)	10,686		837,141
Hubbell, Inc.	21,365		2,807,361
Legrand SA	59,374		4,235,557
Melrose Industries PLC	1,079,372		2,674,125
Mitsubishi Electric Corp.	405,497		5,409,393
Nidec Corp.	49,693		6,729,499
nVent Electric PLC (C)	61,094		1,346,512
Plug Power, Inc. (A)	41,632		109,492
Powell Industries, Inc.	1,649		64,558
Preformed Line Products Company	661		36,084
Prysmian SpA	53,690		1,152,862
Regal Beloit Corp.	16,467		1,199,621
Rockwell Automation, Inc.	25,118		4,139,446
Schneider Electric SE	122,130		10,679,300
Siemens Gamesa Renewable Energy SA	53,077		720,051
Sunrun, Inc. (A)	19,764		330,158
Thermon Group Holdings, Inc. (A)	5,860		134,663
TPI Composites, Inc. (A)	5,221		97,894
Vestas Wind Systems A/S	41,952		3,254,549
Vicor Corp. (A)	3,185		94,021
Vivint Solar, Inc. (A)(C)	8,162		53,379
			80,324,245
Industrial conglomerates – 1.2%
3M Company	123,495		20,302,578

 

239

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Industrial conglomerates (continued)
Carlisle Companies, Inc.	22,228	$	3,235,063
CK Hutchison Holdings, Ltd.	600,238		5,298,975
DCC PLC	21,890		1,909,121
General Electric Company	1,873,435		16,748,509
Honeywell International, Inc.	154,456		26,133,955
Jardine Matheson Holdings, Ltd.	49,400		2,643,748
Jardine Strategic Holdings, Ltd.	49,500		1,480,616
Keihan Holdings Company, Ltd.	21,600		962,460
Keppel Corp., Ltd.	325,245		1,396,759
NWS Holdings, Ltd.	349,599		541,483
Raven Industries, Inc.	6,358		212,739
Roper Technologies, Inc.	22,326		7,961,452
Sembcorp Industries, Ltd.	223,922		337,158
Siemens AG	169,834		18,179,898
Smiths Group PLC	88,280		1,703,435
Toshiba Corp.	114,828		3,512,406
			112,560,355
Machinery – 2.2%
Actuant Corp., Class A	9,726		213,388
AGCO Corp.	24,848		1,880,994
Alamo Group, Inc.	1,707		200,948
Albany International Corp., Class A	5,155		464,775
Alfa Laval AB	70,092		1,382,501
Alstom SA	35,011		1,450,268
Altra Industrial Motion Corp.	11,348		314,283
Amada Holdings Company, Ltd.	73,852		800,296
ANDRITZ AG	16,295		665,899
Astec Industries, Inc.	4,032		125,395
Atlas Copco AB, A Shares	149,263		4,596,274
Atlas Copco AB, B Shares	86,575		2,344,370
Barnes Group, Inc.	8,242		424,793
Blue Bird Corp. (A)	2,840		54,059
Briggs & Stratton Corp.	7,558		45,801
Caterpillar, Inc.	120,771		15,254,585
Chart Industries, Inc. (A)	6,324		394,365
CIRCOR International, Inc. (A)(C)	3,483		130,787
CNH Industrial NV (C)	225,967		2,301,049
Colfax Corp. (A)	32,805		953,313
Columbus McKinnon Corp.	4,126		150,310
Commercial Vehicle Group, Inc. (A)	5,787		41,724
Crane Company	20,009		1,613,326
Cummins, Inc.	33,872		5,509,958
Daifuku Company, Ltd.	22,500		1,170,586
Deere & Company	67,594		11,401,756
Donaldson Company, Inc.	50,076		2,607,958
Douglas Dynamics, Inc.	3,978		177,299
Dover Corp.	31,221		3,108,363
Energy Recovery, Inc. (A)	6,844		63,410
EnPro Industries, Inc.	3,610		247,827
Epiroc AB, A Shares	146,146		1,582,783
Epiroc AB, B Shares	87,040		898,218
ESCO Technologies, Inc.	4,460		354,838
Evoqua Water Technologies Corp. (A)(C)	13,395		227,983
FANUC Corp.	43,018		8,131,411
Federal Signal Corp.	10,467		342,690
Flowserve Corp.	28,158		1,315,260
Fortive Corp.	63,385		4,345,676
Franklin Electric Company, Inc.	8,050		384,871
GEA Group AG	34,144		921,129
Graco, Inc.	65,499		3,015,574
Graham Corp.	1,931		38,350
Harsco Corp. (A)	14,057		266,521
Helios Technologies, Inc.	5,233		212,303
Hillenbrand, Inc.	10,846		334,924
Hino Motors, Ltd.	64,442		534,035

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Hitachi Construction Machinery Company, Ltd.	23,952	$	581,796
Hoshizaki Corp.	12,100		953,800
Hurco Companies, Inc.	1,341		43,140
Hyster-Yale Materials Handling, Inc. (C)	1,811		99,116
IDEX Corp.	16,282		2,668,294
IHI Corp.	32,676		715,794
Illinois Tool Works, Inc.	63,191		9,888,760
Ingersoll-Rand PLC	51,859		6,389,547
ITT, Inc.	34,555		2,114,420
John Bean Technologies Corp.	5,467		543,584
JTEKT Corp.	46,093		532,332
Kadant, Inc.	1,907		167,416
Kawasaki Heavy Industries, Ltd. (C)	31,720		707,249
Kennametal, Inc.	46,770		1,437,710
KION Group AG	14,479		761,436
Knorr-Bremse AG	10,823		1,017,490
Komatsu, Ltd.	205,076		4,729,005
Kone OYJ, B Shares	75,576		4,301,058
Kubota Corp.	232,852		3,541,373
Kurita Water Industries, Ltd.	22,127		595,696
LB Foster Company, Class A (A)	1,944		42,126
Lincoln Electric Holdings, Inc. (C)	24,259		2,104,711
Lindsay Corp. (C)	1,888		175,301
Luxfer Holdings PLC	4,837		75,360
Lydall, Inc. (A)	3,137		78,143
Makita Corp.	49,852		1,581,978
Meritor, Inc. (A)	13,860		256,410
Metso OYJ	23,470		875,834
Milacron Holdings Corp. (A)	12,032		200,573
Miller Industries, Inc.	2,005		66,767
MINEBEA MITSUMI, Inc.	80,800		1,289,856
MISUMI Group, Inc.	63,100		1,494,736
Mitsubishi Heavy Industries, Ltd.	71,363		2,805,164
Mueller Industries, Inc.	9,846		282,383
Mueller Water Products, Inc., Class A	27,377		307,717
Nabtesco Corp. (C)	25,089		785,362
Navistar International Corp. (A)	8,774		246,637
NGK Insulators, Ltd.	58,661		839,214
NN, Inc.	7,966		56,798
Nordson Corp.	20,091		2,938,510
NSK, Ltd.	80,098		678,836
Omega Flex, Inc.	518		52,966
Oshkosh Corp. (C)	26,857		2,035,761
PACCAR, Inc.	74,355		5,205,594
Parker-Hannifin Corp.	27,573		4,979,960
Park-Ohio Holdings Corp.	1,659		49,538
Pentair PLC	36,075		1,363,635
Proto Labs, Inc. (A)	4,730		482,933
RBC Bearings, Inc. (A)	4,226		701,136
REV Group, Inc.	4,942		56,487
Rexnord Corp. (A)	18,416		498,153
Sandvik AB	251,008		3,907,681
Schindler Holding AG	4,584		1,022,664
Schindler Holding AG, Participation Certificates	8,983		2,010,281
SKF AB, B Shares	84,636		1,397,606
SMC Corp.	12,747		5,479,019
Snap-on, Inc.	11,852		1,855,312
Spartan Motors, Inc.	6,291		86,313
Spirax-Sarco Engineering PLC	16,397		1,579,747
SPX Corp. (A)	7,636		305,516
SPX FLOW, Inc. (A)	7,362		290,505
Standex International Corp.	2,213		161,416
Stanley Black & Decker, Inc.	32,575		4,704,156

 

240

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Sumitomo Heavy Industries, Ltd.	24,725	$	736,759
Techtronic Industries Company, Ltd.	304,742		2,121,061
Tennant Company	3,148		222,564
Terex Corp.	36,794		955,540
The Eastern Company	1,079		26,781
The Gorman-Rupp Company	3,074		106,944
The Greenbrier Companies, Inc.	5,728		172,527
The Manitowoc Company, Inc. (A)	6,400		80,000
The Timken Company	26,874		1,169,288
The Toro Company	41,859		3,068,265
The Weir Group PLC	57,790		1,012,347
THK Company, Ltd.	26,852		711,395
Titan International, Inc.	9,859		26,619
TriMas Corp. (A)	7,917		242,656
Trinity Industries, Inc.	40,170		790,546
Twin Disc, Inc. (A)	2,234		23,658
Volvo AB, B Shares	330,093		4,632,234
Wabash National Corp.	9,352		135,698
Wabtec Corp. (C)	39,094		2,809,295
Wartsila OYJ ABP	98,832		1,105,833
Watts Water Technologies, Inc., Class A	4,774		447,467
Welbilt, Inc. (A)	22,755		383,649
Woodward, Inc.	22,099		2,382,935
Xylem, Inc.	38,647		3,077,074
Yangzijiang Shipbuilding Holdings, Ltd.	535,915		372,624
			207,008,796
Marine – 0.1%
A.P. Moller - Maersk A/S, Series A	848		904,076
A.P. Moller - Maersk A/S, Series B	1,440		1,627,823
Costamare, Inc.	9,276		56,305
Eagle Bulk Shipping, Inc. (A)(C)	8,654		37,861
Kirby Corp. (A)	23,522		1,932,568
Kuehne + Nagel International AG	11,978		1,762,594
Matson, Inc.	7,540		282,825
Mitsui OSK Lines, Ltd.	25,404		645,852
Nippon Yusen KK	33,825		568,221
Scorpio Bulkers, Inc.	10,277		62,484
			7,880,609
Professional services – 0.7%
Adecco Group AG	35,110		1,942,910
ASGN, Inc. (A)	29,760		1,870,714
Barrett Business Services, Inc.	1,290		114,578
BG Staffing, Inc.	1,938		37,035
Bureau Veritas SA	63,839		1,536,590
CBIZ, Inc. (A)	9,004		211,594
CRA International, Inc.	1,482		62,200
Equifax, Inc.	25,950		3,650,387
Experian PLC	201,977		6,459,042
Exponent, Inc.	9,095		635,741
Forrester Research, Inc.	1,946		62,544
Franklin Covey Company (A)	1,846		64,610
FTI Consulting, Inc. (A)	6,529		692,009
GP Strategies Corp. (A)	2,554		32,793
Heidrick & Struggles International, Inc.	3,408		93,038
Huron Consulting Group, Inc. (A)	3,947		242,109
ICF International, Inc.	3,207		270,895
IHS Markit, Ltd. (A)	86,104		5,758,636
InnerWorkings, Inc. (A)	9,212		40,809
Insperity, Inc.	22,003		2,169,936
Intertek Group PLC	35,830		2,411,797
Kelly Services, Inc., Class A	5,827		141,130
Kforce, Inc.	3,844		145,438
Korn Ferry	9,897		382,420
ManpowerGroup, Inc.	23,497		1,979,387
Mistras Group, Inc. (A)	3,455		56,662

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Navigant Consulting, Inc.	6,703	$	187,349
Nielsen Holdings PLC	76,352		1,622,480
Persol Holdings Company, Ltd.	39,400		748,870
Randstad NV (C)	26,504		1,301,241
Recruit Holdings Company, Ltd.	263,400		8,047,790
RELX PLC	225,976		5,366,864
RELX PLC (Euronext Amsterdam Exchange)	207,238		4,927,475
Resources Connection, Inc.	5,662		96,197
Robert Half International, Inc.	25,237		1,404,691
SEEK, Ltd.	74,156		1,075,661
SGS SA	1,187		2,942,482
Teleperformance	12,999		2,816,583
TriNet Group, Inc. (A)	7,869		489,373
TrueBlue, Inc. (A)	7,017		148,059
Upwork, Inc. (A)	9,926		132,065
Verisk Analytics, Inc.	35,100		5,550,714
Willdan Group, Inc. (A)	1,858		65,179
Wolters Kluwer NV	62,166		4,535,943
			72,524,020
Road and rail – 1.1%
ArcBest Corp.	4,629		140,953
Aurizon Holdings, Ltd.	441,666		1,760,634
Avis Budget Group, Inc. (A)(C)	33,412		944,223
Central Japan Railway Company	31,976		6,593,752
ComfortDelGro Corp., Ltd.	480,618		835,054
Covenant Transportation Group, Inc., Class A (A)	2,508		41,232
CSX Corp.	171,344		11,868,999
Daseke, Inc. (A)	10,094		25,235
DSV A/S	48,376		4,598,138
East Japan Railway Company	67,740		6,477,465
Genesee & Wyoming, Inc., Class A (A)	22,229		2,456,527
Hankyu Hanshin Holdings, Inc.	50,800		1,964,459
Heartland Express, Inc.	8,277		178,038
Hertz Global Holdings, Inc. (A)	17,952		248,456
J.B. Hunt Transport Services, Inc.	18,336		2,028,878
Kansas City Southern	21,593		2,872,085
Keikyu Corp. (C)	48,979		953,247
Keio Corp.	22,815		1,424,600
Keisei Electric Railway Company, Ltd.	28,694		1,184,580
Kintetsu Group Holdings Company, Ltd.	38,074		1,987,394
Knight-Swift Transportation Holdings, Inc.	48,208		1,749,950
Kyushu Railway Company	35,400		1,129,963
Landstar System, Inc.	15,562		1,751,970
Marten Transport, Ltd.	7,194		149,491
MTR Corp., Ltd.	340,815		1,911,343
Nagoya Railroad Company, Ltd.	41,499		1,243,325
Nippon Express Company, Ltd.	17,346		888,405
Norfolk Southern Corp.	56,545		10,158,875
Odakyu Electric Railway Company, Ltd.	65,479		1,572,822
Old Dominion Freight Line, Inc.	25,133		4,271,856
Ryder System, Inc.	20,943		1,084,219
Saia, Inc. (A)(C)	4,587		429,802
Seibu Holdings, Inc.	44,200		771,562
Tobu Railway Company, Ltd.	42,473		1,379,809
Tokyu Corp.	110,908		2,086,331
Union Pacific Corp.	151,241		24,498,017
Universal Logistics Holdings, Inc.	1,602		37,295
Werner Enterprises, Inc.	25,380		895,914
West Japan Railway Company	36,325		3,073,499
			107,668,397
Trading companies and distributors – 0.6%
AerCap Holdings NV (A)	27,981		1,531,960

 

241

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Aircastle, Ltd.	9,100	$	204,113
Applied Industrial Technologies, Inc.	6,744		383,059
Ashtead Group PLC	103,783		2,886,153
Beacon Roofing Supply, Inc. (A)	11,962		401,086
BlueLinx Holdings, Inc. (A)(C)	1,715		55,446
BMC Stock Holdings, Inc. (A)	11,780		308,400
Brenntag AG	34,457		1,666,466
Bunzl PLC	74,960		1,959,409
CAI International, Inc. (A)	2,992		65,136
DXP Enterprises, Inc. (A)	2,938		102,007
EVI Industries, Inc.	892		28,473
Fastenal Company	123,098		4,021,612
Ferguson PLC	51,585		3,764,710
Foundation Building Materials, Inc. (A)	2,775		42,985
GATX Corp.	20,235		1,568,820
GMS, Inc. (A)	5,667		162,756
H&E Equipment Services, Inc.	5,682		163,983
Herc Holdings, Inc. (A)	4,278		198,970
ITOCHU Corp.	299,304		6,199,671
Kaman Corp.	4,825		286,895
Lawson Products, Inc. (A)	853		33,037
Marubeni Corp.	348,159		2,321,860
Mitsubishi Corp.	300,206		7,391,944
Mitsui & Company, Ltd.	367,903		6,043,328
MonotaRO Company, Ltd.	27,900		735,950
MRC Global, Inc. (A)	14,307		173,544
MSC Industrial Direct Company, Inc., Class A	17,673		1,281,823
NOW, Inc. (A)	61,594		706,483
Rush Enterprises, Inc., Class A	4,636		178,857
Rush Enterprises, Inc., Class B	1,009		40,289
SiteOne Landscape Supply, Inc. (A)(C)	7,170		530,723
Sumitomo Corp.	264,338		4,138,333
Systemax, Inc.	2,299		50,601
Textainer Group Holdings, Ltd. (A)	5,200		51,532
Titan Machinery, Inc. (A)	3,529		50,606
Toyota Tsusho Corp.	47,382		1,537,909
Transcat, Inc. (A)	1,521		38,953
Triton International, Ltd.	9,730		329,263
United Rentals, Inc. (A)(C)	16,565		2,064,662
Veritiv Corp. (A)	2,527		45,688
W.W. Grainger, Inc.	9,489		2,819,656
Watsco, Inc.	12,807		2,166,688
Willis Lease Finance Corp. (A)	600		33,228
			58,767,067
Transportation infrastructure – 0.2%
Aena SME SA (B)	14,987		2,743,419
Aeroports de Paris	6,589		1,171,990
Atlantia SpA	109,928		2,656,716
Auckland International Airport, Ltd.	215,382		1,234,989
Fraport AG Frankfurt Airport Services Worldwide	9,233		782,547
Getlink SE	97,639		1,466,125
Japan Airport Terminal Company, Ltd.	11,200		487,541
Kamigumi Company, Ltd.	23,806		540,777
SATS, Ltd.	150,000		525,977
Sydney Airport	245,805		1,333,785
Transurban Group	593,808		5,895,005
			18,838,871
			1,108,028,639
Information technology – 15.9%
Communications equipment – 0.8%
Acacia Communications, Inc. (A)	6,665		435,891
ADTRAN, Inc.	8,540		96,886

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Applied Optoelectronics, Inc. (A)(C)	3,667	$	41,144
Arista Networks, Inc. (A)	11,682		2,791,063
CalAmp Corp. (A)	6,189		71,297
Calix, Inc. (A)	8,639		55,203
Casa Systems, Inc. (A)	6,233		48,960
Ciena Corp. (A)	60,908		2,389,421
Cisco Systems, Inc.	911,334		45,029,013
Comtech Telecommunications Corp.	4,223		137,248
Digi International, Inc. (A)	5,224		71,151
Extreme Networks, Inc. (A)	20,964		152,513
F5 Networks, Inc. (A)	12,908		1,812,541
Harmonic, Inc. (A)	15,588		102,569
Infinera Corp. (A)	31,220		170,149
Inseego Corp. (A)(C)	8,417		40,402
InterDigital, Inc.	17,746		931,133
Juniper Networks, Inc. (C)	74,236		1,837,341
KVH Industries, Inc. (A)	3,360		35,784
Lumentum Holdings, Inc. (A)	43,638		2,337,251
Motorola Solutions, Inc.	35,540		6,056,371
NETGEAR, Inc. (A)	5,451		175,631
NetScout Systems, Inc. (A)	39,185		903,606
Nokia OYJ	1,249,918		6,312,462
Plantronics, Inc. (C)	18,680		697,138
Ribbon Communications, Inc. (A)	11,016		64,333
Telefonaktiebolaget LM Ericsson, B Shares	681,622		5,443,659
ViaSat, Inc. (A)(C)	22,625		1,704,115
Viavi Solutions, Inc. (A)	40,365		565,312
			80,509,587
Electronic equipment, instruments and components – 1.2%
Airgain, Inc. (A)	1,891		22,219
Akoustis Technologies, Inc. (A)(C)	5,013		38,851
Alps Alpine Company, Ltd.	46,200		867,524
Amphenol Corp., Class A	63,853		6,161,815
Anixter International, Inc. (A)	5,344		369,377
Arlo Technologies, Inc. (A)	14,357		48,957
Arrow Electronics, Inc. (A)	32,647		2,434,813
Avnet, Inc.	40,689		1,810,050
AVX Corp.	8,242		125,278
Badger Meter, Inc.	5,029		270,057
Bel Fuse, Inc., Class B	1,982		29,789
Belden, Inc.	22,026		1,174,867
Benchmark Electronics, Inc.	6,530		189,762
CDW Corp.	31,066		3,828,574
Cognex Corp.	67,014		3,292,398
Coherent, Inc. (A)	9,417		1,447,581
Corning, Inc.	167,628		4,780,751
CTS Corp. (C)	5,738		185,682
Daktronics, Inc.	7,015		51,806
ePlus, Inc. (A)	2,350		178,812
Fabrinet (A)	6,372		333,256
FARO Technologies, Inc. (A)	3,071		148,483
Fitbit, Inc., Class A (A)	39,723		151,345
FLIR Systems, Inc.	29,110		1,530,895
Halma PLC	84,265		2,039,669
Hamamatsu Photonics KK	31,200		1,164,018
Hexagon AB, B Shares	57,796		2,784,037
Hirose Electric Company, Ltd.	7,275		896,247
Hitachi High-Technologies Corp.	15,284		888,461
Hitachi, Ltd.	214,494		8,032,842
II-VI, Inc. (A)(C)	51,164		1,801,467
Ingenico Group SA	13,311		1,297,366
Insight Enterprises, Inc. (A)	6,231		347,004
IPG Photonics Corp. (A)(C)	7,652		1,037,611
Iteris, Inc. (A)	6,421		36,889

 

242

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Itron, Inc. (A)	6,051	$	447,532
Jabil, Inc.	54,646		1,954,687
KEMET Corp.	10,067		183,018
Keyence Corp.	20,200		12,573,602
Keysight Technologies, Inc. (A)	40,267		3,915,966
Kimball Electronics, Inc. (A)	4,576		66,398
Knowles Corp. (A)	14,282		290,496
Kyocera Corp.	71,263		4,443,289
Littelfuse, Inc.	9,655		1,711,928
Methode Electronics, Inc.	6,406		215,498
MTS Systems Corp.	3,170		175,143
Murata Manufacturing Company, Ltd.	127,439		6,176,654
Napco Security Technologies, Inc. (A)	2,117		54,026
National Instruments Corp.	46,609		1,957,112
Nippon Electric Glass Company, Ltd.	17,624		394,065
nLight, Inc. (A)	5,926		92,801
Novanta, Inc. (A)	5,922		483,946
Omron Corp.	42,718		2,353,979
OSI Systems, Inc. (A)	2,916		296,149
PAR Technology Corp. (A)(C)	2,105		50,036
PC Connection, Inc.	2,059		80,095
Plexus Corp. (A)	5,070		316,926
Rogers Corp. (A)	3,249		444,171
Sanmina Corp. (A)	11,859		380,792
ScanSource, Inc. (A)	4,594		140,347
Shimadzu Corp.	49,292		1,253,354
SYNNEX Corp.	16,045		1,811,481
TDK Corp.	28,721		2,596,292
TE Connectivity, Ltd.	72,117		6,719,862
Tech Data Corp. (A)(C)	20,349		2,121,180
Trimble, Inc. (A)	98,871		3,837,184
TTM Technologies, Inc. (A)	17,576		214,339
Venture Corp., Ltd.	61,000		676,395
Vishay Intertechnology, Inc.	75,101		1,271,460
Vishay Precision Group, Inc. (A)(C)	1,929		63,155
Yaskawa Electric Corp.	53,210		1,975,004
Yokogawa Electric Corp.	50,692		931,501
Zebra Technologies Corp., Class A (A)	21,250		4,385,363
			116,853,779
IT services – 3.7%
Accenture PLC, Class A	136,775		26,308,671
Adyen NV (A)(B)(C)	2,295		1,509,248
Akamai Technologies, Inc. (A)	35,417		3,236,405
Alliance Data Systems Corp.	8,794		1,126,775
Amadeus IT Group SA	97,318		6,972,990
Atos SE	21,766		1,532,095
Automatic Data Processing, Inc.	93,154		15,036,919
Brightcove, Inc. (A)	7,219		75,655
Broadridge Financial Solutions, Inc.	24,533		3,052,641
CACI International, Inc., Class A (A)	9,770		2,259,410
Capgemini SE	35,219		4,147,078
Carbonite, Inc. (A)	5,980		92,630
Cardtronics PLC, Class A (A)(C)	6,608		199,826
Cass Information Systems, Inc.	2,531		136,649
Cognizant Technology Solutions Corp., Class A	118,560		7,145,018
Computershare, Ltd.	108,237		1,183,227
Conduent, Inc. (A)	30,869		192,005
CoreLogic, Inc. (A)	31,466		1,455,932
CSG Systems International, Inc. (C)	5,839		301,760
DXC Technology Company	56,235		1,658,933
Endurance International Group Holdings, Inc. (A)	13,469		50,509
EVERTEC, Inc.	10,647		332,399

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Evo Payments, Inc., Class A (A)	5,588	$	157,135
ExlService Holdings, Inc. (A)	5,922		396,537
Fidelity National Information Services, Inc.	131,688		17,482,899
Fiserv, Inc. (A)	122,537		12,693,608
FleetCor Technologies, Inc. (A)	18,583		5,329,233
Fujitsu, Ltd.	43,623		3,505,989
Gartner, Inc. (A)	19,350		2,766,857
Global Payments, Inc.	64,409		10,241,031
GMO Payment Gateway, Inc.	9,000		604,110
GTT Communications, Inc. (A)(C)	6,041		56,906
I3 Verticals, Inc., Class A (A)	2,094		42,131
IBM Corp.	190,170		27,654,521
International Money Express, Inc. (A)	2,595		35,655
Itochu Techno-Solutions Corp.	21,200		563,113
Jack Henry & Associates, Inc.	16,530		2,412,884
KBR, Inc.	80,381		1,972,550
Leidos Holdings, Inc.	29,019		2,492,152
Limelight Networks, Inc. (A)	21,688		65,715
LiveRamp Holdings, Inc. (A)	38,355		1,647,731
ManTech International Corp., Class A	4,749		339,126
Mastercard, Inc., Class A	191,650		52,046,391
MAXIMUS, Inc.	36,199		2,796,735
NIC, Inc.	11,707		241,750
Nomura Research Institute, Ltd.	75,100		1,500,644
NTT Data Corp.	139,810		1,814,526
Obic Company, Ltd.	14,300		1,638,661
Otsuka Corp.	23,100		924,497
Paychex, Inc. (C)	68,655		5,682,574
PayPal Holdings, Inc. (A)	252,596		26,166,420
Paysign, Inc. (A)(C)	5,459		55,136
Perficient, Inc. (A)	5,732		221,141
Perspecta, Inc.	79,224		2,069,331
Presidio, Inc.	8,215		138,834
Sabre Corp.	107,465		2,406,679
Science Applications International Corp.	29,649		2,589,840
StarTek, Inc. (A)	3,667		23,725
Sykes Enterprises, Inc. (A)	6,731		206,238
The Hackett Group, Inc.	4,594		75,617
The Western Union Company	90,996		2,108,377
TTEC Holdings, Inc.	2,580		123,530
Tucows, Inc., Class A (A)	1,723		93,318
Unisys Corp. (A)	9,212		68,445
VeriSign, Inc. (A)	22,362		4,218,144
Verra Mobility Corp. (A)(C)	19,267		276,481
Virtusa Corp. (A)	5,172		186,295
Visa, Inc., Class A	370,728		63,768,923
WEX, Inc. (A)	16,993		3,433,776
Wirecard AG (C)	26,034		4,166,467
Wix.com, Ltd. (A)	10,700		1,249,118
Worldline SA (A)(B)	18,195		1,146,223
			349,904,494
Semiconductors and semiconductor equipment – 3.1%
Adesto Technologies Corp. (A)	5,206		44,563
Advanced Energy Industries, Inc. (A)(C)	6,692		384,188
Advanced Micro Devices, Inc. (A)	233,033		6,755,627
Advantest Corp.	44,200		1,970,345
Alpha & Omega Semiconductor, Ltd. (A)	3,841		47,167
Ambarella, Inc. (A)	5,513		346,409
Amkor Technology, Inc. (A)	17,259		157,057
Analog Devices, Inc.	79,300		8,860,189
Applied Materials, Inc.	198,302		9,895,270
ASM Pacific Technology, Ltd.	67,568		824,425
ASML Holding NV	94,431		23,420,159
Axcelis Technologies, Inc. (A)	5,743		98,148

 

243

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
AXT, Inc. (A)	7,640	$	27,198
Broadcom, Inc.	85,454		23,591,286
Brooks Automation, Inc.	12,492		462,579
Cabot Microelectronics Corp.	5,073		716,358
CEVA, Inc. (A)	3,956		118,126
Cirrus Logic, Inc. (A)	32,988		1,767,497
Cohu, Inc.	7,310		98,722
Cree, Inc. (A)	42,006		2,058,294
Cypress Semiconductor Corp.	145,019		3,384,743
Diodes, Inc. (A)	7,175		288,076
Disco Corp.	6,000		1,147,000
DSP Group, Inc. (A)	4,027		56,720
Enphase Energy, Inc. (A)(C)	16,156		359,148
First Solar, Inc. (A)	29,798		1,728,582
FormFactor, Inc. (A)	13,087		244,007
GSI Technology, Inc. (A)	3,202		28,050
Ichor Holdings, Ltd. (A)	3,962		95,801
Impinj, Inc. (A)	2,619		80,744
Infineon Technologies AG (C)	277,228		4,980,887
Inphi Corp. (A)(C)	7,872		480,586
Intel Corp.	950,985		49,004,257
KLA Corp.	34,187		5,451,117
Lam Research Corp.	31,027		7,170,650
Lattice Semiconductor Corp. (A)	21,925		400,899
MACOM Technology Solutions Holdings, Inc. (A)	8,119		174,518
Maxim Integrated Products, Inc.	58,234		3,372,331
MaxLinear, Inc. (A)	11,512		257,639
Microchip Technology, Inc. (C)	51,101		4,747,794
Micron Technology, Inc. (A)	236,953		10,153,436
MKS Instruments, Inc.	21,395		1,974,331
Monolithic Power Systems, Inc.	15,792		2,457,709
Nanometrics, Inc. (A)	4,194		136,808
NeoPhotonics Corp. (A)	7,118		43,349
NVE Corp.	875		58,056
NVIDIA Corp.	130,734		22,756,867
NXP Semiconductors NV	63,300		6,907,296
PDF Solutions, Inc. (A)	5,458		71,336
Photronics, Inc. (A)	11,338		123,357
Power Integrations, Inc.	4,941		446,815
Qorvo, Inc. (A)	25,285		1,874,630
QUALCOMM, Inc.	260,965		19,906,410
Rambus, Inc. (A)	19,254		252,709
Renesas Electronics Corp. (A)	168,600		1,104,871
Rohm Company, Ltd.	20,742		1,599,251
Rudolph Technologies, Inc. (A)	5,430		143,135
Semtech Corp. (A)	37,696		1,832,403
Silicon Laboratories, Inc. (A)	24,537		2,732,195
Skyworks Solutions, Inc.	36,859		2,921,076
SMART Global Holdings, Inc. (A)	2,341		59,649
STMicroelectronics NV	151,395		2,929,762
SUMCO Corp.	55,200		751,973
SunPower Corp. (A)	11,155		122,370
Synaptics, Inc. (A)	18,791		750,700
Teradyne, Inc.	66,733		3,864,508
Texas Instruments, Inc.	200,420		25,902,281
Tokyo Electron, Ltd.	34,760		6,678,223
Ultra Clean Holdings, Inc. (A)	6,991		102,313
Universal Display Corp.	16,648		2,795,199
Veeco Instruments, Inc. (A)	8,725		101,908
Versum Materials, Inc.	42,896		2,270,485
Xilinx, Inc.	54,227		5,200,369
Xperi Corp.	8,678		179,461
			294,302,397

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software – 4.6%
8x8, Inc. (A)(C)	16,609	$	344,138
A10 Networks, Inc. (A)	10,543		73,168
ACI Worldwide, Inc. (A)	65,236		2,043,518
Adobe, Inc. (A)	104,209		28,787,736
Agilysys, Inc. (A)	3,306		84,667
Alarm.com Holdings, Inc. (A)(C)	6,517		303,953
Altair Engineering, Inc., Class A (A)(C)	6,893		238,636
American Software, Inc., Class A	5,564		83,571
ANSYS, Inc. (A)	18,054		3,996,433
Appfolio, Inc., Class A (A)	2,719		258,686
Appian Corp. (A)	5,564		264,290
Autodesk, Inc. (A)	47,139		6,962,430
Avaya Holdings Corp. (A)(C)	19,631		200,825
Benefitfocus, Inc. (A)(C)	5,365		127,741
Blackbaud, Inc. (C)	27,928		2,523,016
Blackline, Inc. (A)(C)	7,574		362,113
Bottomline Technologies DE, Inc. (A)	7,661		301,460
Box, Inc., Class A (A)(C)	25,403		420,674
Cadence Design Systems, Inc. (A)	60,140		3,974,051
Carbon Black, Inc. (A)	10,128		263,227
CDK Global, Inc.	47,591		2,288,651
ChannelAdvisor Corp. (A)	5,219		48,693
Check Point Software Technologies, Ltd. (A)	27,526		3,014,097
Cision, Ltd. (A)	16,527		127,093
Citrix Systems, Inc.	26,415		2,549,576
Cloudera, Inc. (A)(C)	41,755		369,949
CommVault Systems, Inc. (A)	22,917		1,024,619
Cornerstone OnDemand, Inc. (A)	10,023		549,461
CyberArk Software, Ltd. (A)	8,600		858,452
Dassault Systemes SE	29,140		4,151,176
Digimarc Corp. (A)	2,083		81,424
Digital Turbine, Inc. (A)	14,373		92,634
Domo, Inc., Class B (A)(C)	3,146		50,273
Ebix, Inc. (C)	4,160		175,136
eGain Corp. (A)	4,183		33,485
Envestnet, Inc. (A)(C)	8,434		478,208
Everbridge, Inc. (A)(C)	5,800		357,918
Fair Isaac Corp. (A)	11,347		3,444,041
Five9, Inc. (A)(C)	10,510		564,807
ForeScout Technologies, Inc. (A)	7,310		277,195
Fortinet, Inc. (A)	30,466		2,338,570
GTY Technology Holdings, Inc. (A)(C)	6,071		38,065
Instructure, Inc. (A)(C)	6,012		232,905
Intelligent Systems Corp. (A)	1,273		52,880
Intuit, Inc.	55,830		14,847,430
j2 Global, Inc. (C)	26,449		2,402,098
LivePerson, Inc. (A)(C)	10,917		389,737
LogMeIn, Inc.	19,412		1,377,476
Manhattan Associates, Inc. (A)(C)	25,259		2,037,644
Micro Focus International PLC	75,942		1,067,151
Microsoft Corp.	1,639,089		227,882,497
MicroStrategy, Inc., Class A (A)	1,451		215,285
Mitek Systems, Inc. (A)	6,786		65,485
MobileIron, Inc. (A)	17,633		115,408
Model N, Inc. (A)	5,863		162,757
Monotype Imaging Holdings, Inc.	7,297		144,554
Nice, Ltd. (A)	14,164		2,041,439
OneSpan, Inc. (A)	6,019		87,276
Oracle Corp.	472,625		26,008,554
Oracle Corp. Japan	8,506		741,520
Progress Software Corp.	7,893		300,408
PROS Holdings, Inc. (A)	5,834		347,706
PTC, Inc. (A)(C)	40,705		2,775,267
Q2 Holdings, Inc. (A)	7,241		571,098

 

244

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
QAD, Inc., Class A	2,058	$	95,038
Qualys, Inc. (A)(C)	6,013		454,402
Rapid7, Inc. (A)	8,592		389,991
SailPoint Technologies Holding, Inc. (A)(C)	15,259		285,191
salesforce.com, Inc. (A)	188,265		27,946,057
SAP SE	218,003		25,653,137
ShotSpotter, Inc. (A)	1,466		33,762
SPS Commerce, Inc. (A)	6,241		293,764
SVMK, Inc. (A)	15,067		257,646
Symantec Corp.	122,059		2,884,254
Synchronoss Technologies, Inc. (A)	7,399		39,955
Synopsys, Inc. (A)	32,262		4,427,960
Telaria, Inc. (A)	8,116		56,082
Telenav, Inc. (A)	6,326		30,238
Temenos AG (A)	14,421		2,414,796
Tenable Holdings, Inc. (A)	6,656		148,961
Teradata Corp. (A)	44,804		1,388,924
The Sage Group PLC	240,734		2,045,795
TiVo Corp.	22,121		168,451
Trend Micro, Inc.	27,964		1,336,356
Tyler Technologies, Inc. (A)	15,150		3,976,875
Upland Software, Inc. (A)	4,014		139,928
Varonis Systems, Inc. (A)	5,277		315,459
Verint Systems, Inc. (A)	11,529		493,211
VirnetX Holding Corp. (A)(C)	11,169		60,313
Workiva, Inc. (A)	6,236		273,324
Yext, Inc. (A)	16,527		262,614
Zix Corp. (A)	9,738		70,503
Zuora, Inc., Class A (A)(C)	15,343		230,912
			434,568,330
Technology hardware, storage and peripherals – 2.5%
3D Systems Corp. (A)(C)	20,467		166,806
Apple, Inc.	911,922		204,243,170
AstroNova, Inc.	1,389		22,460
Avid Technology, Inc. (A)	5,249		32,491
Brother Industries, Ltd.	49,536		902,632
Canon, Inc.	221,977		5,936,145
Diebold Nixdorf, Inc. (A)	13,753		154,034
FUJIFILM Holdings Corp.	79,938		3,521,302
Hewlett Packard Enterprise Company	280,273		4,251,741
HP, Inc.	318,122		6,018,868
Immersion Corp. (A)	6,217		47,560
Konica Minolta, Inc.	100,386		702,352
NCR Corp. (A)	47,278		1,492,094
NEC Corp.	54,884		2,320,851
NetApp, Inc.	51,073		2,681,843
Ricoh Company, Ltd.	148,877		1,346,934
Seagate Technology PLC	50,824		2,733,823
Seiko Epson Corp. (C)	62,147		882,764
Stratasys, Ltd. (A)	9,100		193,876
Western Digital Corp.	63,543		3,789,705
Xerox Holdings Corp.	40,853		1,221,913
			242,663,364
			1,518,801,951
Materials – 4.3%
Chemicals – 2.4%
A. Schulman, Inc. (A)(C)(D)	4,750		2,057
Advanced Emissions Solutions, Inc.	3,184		47,251
AdvanSix, Inc. (A)	4,932		126,851
Air Liquide SA	95,307		13,564,096
Air Products & Chemicals, Inc.	47,303		10,494,644
Air Water, Inc.	33,107		595,310
Akzo Nobel NV	50,546		4,503,782

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Albemarle Corp. (C)	22,752	$	1,581,719
American Vanguard Corp.	5,300		83,210
Amyris, Inc. (A)(C)	7,135		33,963
Arkema SA	15,258		1,422,452
Asahi Kasei Corp.	279,957		2,777,185
Ashland Global Holdings, Inc.	23,765		1,831,093
Balchem Corp.	5,676		563,002
BASF SE	203,765		14,246,859
Cabot Corp.	22,690		1,028,311
Celanese Corp.	26,563		3,248,389
CF Industries Holdings, Inc.	46,868		2,305,906
Chase Corp.	1,275		139,472
Chr. Hansen Holding A/S	23,395		1,981,878
Clariant AG (A)	44,156		860,055
Corteva, Inc.	160,764		4,501,392
Covestro AG (B)	38,553		1,907,682
Croda International PLC	28,509		1,703,009
Daicel Corp.	55,185		469,487
Dow, Inc.	159,545		7,602,319
DuPont de Nemours, Inc.	160,032		11,411,882
Eastman Chemical Company	29,408		2,171,193
Ecolab, Inc.	53,741		10,642,868
EMS-Chemie Holding AG	1,820		1,134,036
Evonik Industries AG	41,385		1,021,640
Ferro Corp. (A)	14,553		172,599
Flotek Industries, Inc. (A)	10,793		23,745
FMC Corp.	28,000		2,455,040
FutureFuel Corp.	4,702		56,142
GCP Applied Technologies, Inc. (A)	9,584		184,492
Givaudan SA	2,049		5,718,802
Hawkins, Inc.	1,799		76,458
HB Fuller Company (C)	8,925		415,548
Hitachi Chemical Company, Ltd.	23,070		756,766
Incitec Pivot, Ltd.	356,632		816,714
Ingevity Corp. (A)	23,812		2,020,210
Innophos Holdings, Inc.	3,542		114,973
Innospec, Inc.	4,249		378,756
International Flavors & Fragrances, Inc. (C)	22,921		2,812,194
Intrepid Potash, Inc. (A)	17,858		58,396
Israel Chemicals, Ltd.	165,508		828,018
Johnson Matthey PLC	42,922		1,612,188
JSR Corp.	42,590		685,731
Kaneka Corp.	10,546		330,497
Kansai Paint Company, Ltd.	39,254		917,549
Koninklijke DSM NV	40,268		4,847,533
Koppers Holdings, Inc. (A)	3,434		100,307
Kraton Corp. (A)	5,581		180,210
Kronos Worldwide, Inc.	4,169		51,571
Kuraray Company, Ltd.	70,806		874,792
LANXESS AG	19,282		1,177,660
Linde PLC	116,048		22,480,819
Livent Corp. (A)	25,965		173,706
LSB Industries, Inc. (A)	3,570		18,493
LyondellBasell Industries NV, Class A	55,415		4,957,980
Minerals Technologies, Inc.	19,978		1,060,632
Mitsubishi Chemical Holdings Corp.	283,859		2,034,528
Mitsubishi Gas Chemical Company, Inc.	35,470		477,068
Mitsui Chemicals, Inc.	40,818		919,600
NewMarket Corp.	2,900		1,369,061
Nippon Paint Holdings Company, Ltd.	32,500		1,699,832
Nissan Chemical Corp.	27,900		1,168,194
Nitto Denko Corp.	35,187		1,704,992
Novozymes A/S, B Shares (C)	47,352		1,991,677
Olin Corp.	64,515		1,207,721

 

245

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
OMNOVA Solutions, Inc. (A)	8,006	$	80,620
Orica, Ltd.	84,397		1,285,218
Orion Engineered Carbons SA	10,648		177,928
PolyOne Corp.	43,647		1,425,075
PPG Industries, Inc.	50,725		6,011,420
PQ Group Holdings, Inc. (A)	6,525		104,009
Quaker Chemical Corp. (C)	2,291		362,299
Rayonier Advanced Materials, Inc.	9,118		39,481
RPM International, Inc.	50,918		3,503,668
Sensient Technologies Corp.	24,014		1,648,561
Shin-Etsu Chemical Company, Ltd.	80,646		8,678,346
Showa Denko KK	29,800		786,383
Sika AG	28,302		4,140,915
Solvay SA	16,426		1,700,539
Stepan Company	3,564		345,922
Sumitomo Chemical Company, Ltd.	330,144		1,490,524
Symrise AG	28,552		2,775,507
Taiyo Nippon Sanso Corp.	28,857		586,521
Teijin, Ltd.	39,448		761,426
The Chemours Company	64,195		959,073
The Mosaic Company	76,207		1,562,244
The Scotts Miracle-Gro Company	15,472		1,575,359
The Sherwin-Williams Company	17,626		9,692,009
Toray Industries, Inc.	307,572		2,290,625
Tosoh Corp.	57,600		767,338
Trecora Resources (A)	4,158		37,505
Tredegar Corp.	4,761		92,935
Trinseo SA	7,109		305,332
Tronox Holdings PLC, Class A	16,271		135,049
Umicore SA	43,699		1,651,090
Valvoline, Inc.	73,897		1,627,951
Yara International ASA	39,403		1,698,855
			231,233,914
Construction materials – 0.3%
Boral, Ltd.	260,333		849,624
CRH PLC	178,465		6,125,664
Eagle Materials, Inc.	16,501		1,485,255
Fletcher Building, Ltd.	189,811		612,162
Forterra, Inc. (A)	2,830		20,461
HeidelbergCement AG	33,024		2,385,982
Imerys SA (C)	7,947		319,200
James Hardie Industries PLC, CHESS Depositary Interest	98,234		1,650,110
LafargeHolcim, Ltd. (A)	107,721		5,304,584
Martin Marietta Materials, Inc.	13,404		3,674,036
Summit Materials, Inc., Class A (A)	19,831		440,248
Taiheiyo Cement Corp.	26,770		719,348
U.S. Concrete, Inc. (A)(C)	2,866		158,432
Vulcan Materials Company	28,398		4,294,914
			28,040,020
Containers and packaging – 0.3%
Amcor PLC	348,732		3,400,137
AptarGroup, Inc.	25,147		2,978,662
Avery Dennison Corp.	18,074		2,052,664
Ball Corp.	71,271		5,189,242
Greif, Inc., Class A	14,877		563,690
Greif, Inc., Class B	969		44,148
International Paper Company	84,330		3,526,681
Myers Industries, Inc.	6,356		112,183
Owens-Illinois, Inc.	61,043		626,912
Packaging Corp. of America	20,321		2,156,058
Sealed Air Corp.	33,172		1,376,970
Silgan Holdings, Inc.	30,559		917,840
Smurfit Kappa Group PLC	50,061		1,488,605
Sonoco Products Company	39,297		2,287,478

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging (continued)
Toyo Seikan Group Holdings, Ltd.	31,529	$	491,999
UFP Technologies, Inc. (A)	1,331		51,377
Westrock Company	55,244		2,013,644
			29,278,290
Metals and mining – 1.2%
1911 Gold Corp. (A)	3,149		693
AK Steel Holding Corp. (A)(C)	56,565		128,403
Allegheny Technologies, Inc. (A)(C)	71,699		1,451,905
Alumina, Ltd.	542,386		868,973
Anglo American PLC	233,746		5,371,945
Antofagasta PLC	87,462		965,541
ArcelorMittal	147,393		2,073,576
BHP Group PLC	468,543		10,007,737
BHP Group, Ltd.	653,643		16,151,884
BlueScope Steel, Ltd.	115,974		941,985
Boliden AB	60,624		1,392,325
Carpenter Technology Corp.	27,044		1,397,093
Century Aluminum Company (A)	9,458		62,754
Cleveland-Cliffs, Inc. (C)	47,488		342,863
Coeur Mining, Inc. (A)	37,220		179,028
Commercial Metals Company	67,083		1,165,903
Compass Minerals International, Inc.	19,363		1,093,816
Evraz PLC	112,861		649,579
Fortescue Metals Group, Ltd.	307,594		1,830,865
Freeport-McMoRan, Inc.	311,462		2,980,691
Fresnillo PLC	48,789		410,450
Glencore PLC (A)	2,435,546		7,339,633
Gold Resource Corp.	11,638		35,496
Haynes International, Inc.	2,368		84,869
Hecla Mining Company	86,682		152,560
Hitachi Metals, Ltd.	47,764		518,718
JFE Holdings, Inc. (C)	109,133		1,321,855
Kaiser Aluminum Corp.	2,868		283,846
Kobe Steel, Ltd.	68,884		369,974
Maruichi Steel Tube, Ltd.	12,661		336,270
Materion Corp.	3,583		219,853
Mitsubishi Materials Corp.	24,769		671,451
Newcrest Mining, Ltd.	170,353		3,931,007
Newmont Goldcorp Corp.	176,006		6,674,148
Nippon Steel Corp.	179,500		2,515,215
Norsk Hydro ASA	298,361		1,050,582
Novagold Resources, Inc. (A)	41,027		249,034
Nucor Corp.	65,079		3,313,172
Reliance Steel & Aluminum Company	26,174		2,608,501
Rio Tinto PLC	251,875		13,093,105
Rio Tinto, Ltd.	82,352		5,158,113
Royal Gold, Inc.	25,744		3,171,918
Schnitzer Steel Industries, Inc., Class A	4,652		96,110
South32, Ltd.	1,116,050		1,968,366
Steel Dynamics, Inc.	86,236		2,569,833
Sumitomo Metal Mining Company, Ltd.	51,607		1,611,749
SunCoke Energy, Inc. (A)	12,353		69,671
thyssenkrupp AG (C)	89,871		1,243,603
TimkenSteel Corp. (A)	7,784		48,961
United States Steel Corp. (C)	67,046		774,381
voestalpine AG	25,883		595,106
Warrior Met Coal, Inc.	9,127		178,159
Worthington Industries, Inc.	21,391		771,146
			112,494,414
Paper and forest products – 0.1%
Boise Cascade Company	6,863		223,665
Clearwater Paper Corp. (A)	3,042		64,247
Domtar Corp. (C)	24,575		880,031
Louisiana-Pacific Corp.	70,145		1,724,164
Mondi PLC (London Stock Exchange)	107,696		2,062,098

 

246

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Paper and forest products (continued)
Neenah, Inc. (C)	2,954	$	192,364
Oji Holdings Corp.	191,338		898,328
PH Glatfelter Company	7,886		121,366
Schweitzer-Mauduit International, Inc.	5,445		203,861
Stora Enso OYJ, R Shares	128,961		1,551,942
UPM-Kymmene OYJ	118,357		3,494,919
Verso Corp., Class A (A)	6,275		77,685
			11,494,670
			412,541,308
Real estate – 4.1%
Equity real estate investment trusts – 3.4%
Acadia Realty Trust	14,494		414,239
Agree Realty Corp.	6,557		479,645
Alexander & Baldwin, Inc.	38,993		955,718
Alexander's, Inc.	387		134,835
Alexandria Real Estate Equities, Inc.	24,347		3,750,412
American Assets Trust, Inc.	8,227		384,530
American Campus Communities, Inc.	53,954		2,594,108
American Finance Trust, Inc.	19,248		268,702
American Tower Corp.	95,031		21,014,205
Apartment Investment & Management Company, A Shares	31,961		1,666,447
Armada Hoffler Properties, Inc.	9,401		170,064
Ascendas Real Estate Investment Trust	551,478		1,245,469
Ashford Hospitality Trust, Inc.	18,047		59,736
AvalonBay Communities, Inc.	29,980		6,455,593
Bluerock Residential Growth REIT, Inc.	4,709		55,425
Boston Properties, Inc.	30,858		4,001,048
Braemar Hotels & Resorts, Inc.	5,819		54,640
Brixmor Property Group, Inc.	116,956		2,373,037
Camden Property Trust	38,021		4,220,711
CapitaLand Commercial Trust	581,294		870,996
CapitaLand Mall Trust	572,303		1,089,491
CareTrust REIT, Inc.	17,038		400,478
CatchMark Timber Trust, Inc., Class A	9,840		104,993
CBL & Associates Properties, Inc.	34,195		44,112
Cedar Realty Trust, Inc.	19,881		59,643
Chatham Lodging Trust	8,261		149,937
City Office REIT, Inc.	7,687		110,616
Clipper Realty, Inc.	3,577		36,450
Community Healthcare Trust, Inc.	3,248		144,698
CoreCivic, Inc.	67,924		1,173,727
CorEnergy Infrastructure Trust, Inc.	2,409		113,753
CorePoint Lodging, Inc.	7,868		79,545
CoreSite Realty Corp.	14,486		1,765,119
Corporate Office Properties Trust	43,960		1,309,129
Cousins Properties, Inc.	57,630		2,166,312
Covivio	10,136		1,072,804
Crown Castle International Corp.	89,250		12,406,643
CyrusOne, Inc.	44,447		3,515,758
Daiwa House REIT Investment Corp.	413		1,161,927
Dexus	241,995		1,949,207
DiamondRock Hospitality Company	35,616		365,064
Digital Realty Trust, Inc.	44,725		5,805,752
Douglas Emmett, Inc.	64,687		2,770,544
Duke Realty Corp.	77,591		2,635,766
Easterly Government Properties, Inc.	11,983		255,238
EastGroup Properties, Inc.	21,071		2,634,296
EPR Properties	30,454		2,340,694
Equinix, Inc.	18,208		10,502,374
Equity Residential	74,834		6,455,181
Essential Properties Realty Trust, Inc.	11,655		267,016
Essex Property Trust, Inc.	14,110		4,609,032
Extra Space Storage, Inc.	27,589		3,222,947
Farmland Partners, Inc.	5,998		40,067

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Federal Realty Investment Trust	14,964	$	2,037,199
First Industrial Realty Trust, Inc.	71,828		2,841,516
Four Corners Property Trust, Inc.	12,077		341,538
Franklin Street Properties Corp.	19,069		161,324
Front Yard Residential Corp.	9,163		105,924
Gecina SA	10,134		1,592,282
Getty Realty Corp.	5,852		187,615
Gladstone Commercial Corp.	5,706		134,091
Gladstone Land Corp.	4,319		51,375
Global Medical REIT, Inc.	5,808		66,211
Global Net Lease, Inc.	14,896		290,472
Goodman Group	362,123		3,466,161
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	10,984		320,184
HCP, Inc.	105,426		3,756,328
Healthcare Realty Trust, Inc.	73,298		2,455,483
Hersha Hospitality Trust	6,398		95,202
Highwoods Properties, Inc.	40,729		1,830,361
Host Hotels & Resorts, Inc.	156,688		2,709,136
ICADE	6,602		590,603
Independence Realty Trust, Inc.	16,028		229,361
Industrial Logistics Properties Trust	11,476		243,865
Innovative Industrial Properties, Inc.	1,826		168,668
Investors Real Estate Trust	2,195		163,901
Iron Mountain, Inc.	61,633		1,996,293
iStar, Inc.	10,837		141,423
Japan Prime Realty Investment Corp.	174		825,753
Japan Real Estate Investment Corp.	292		1,958,240
Japan Retail Fund Investment Corp.	580		1,227,280
JBG SMITH Properties	46,348		1,817,305
Jernigan Capital, Inc.	3,905		75,171
Kilroy Realty Corp.	36,477		2,841,194
Kimco Realty Corp.	90,611		1,891,958
Kite Realty Group Trust	14,624		236,178
Klepierre SA	44,211		1,501,427
Lamar Advertising Company, Class A	33,752		2,765,301
Land Securities Group PLC	155,836		1,641,270
Lexington Realty Trust	40,744		417,626
Liberty Property Trust	61,953		3,180,047
Life Storage, Inc.	18,318		1,930,900
Link REIT	467,606		5,158,096
LTC Properties, Inc.	6,946		355,774
Mack-Cali Realty Corp.	51,226		1,109,555
Medical Properties Trust, Inc.	175,246		3,427,812
Mid-America Apartment Communities, Inc.	24,482		3,182,905
Mirvac Group	866,875		1,790,847
Monmouth Real Estate Investment Corp.	16,240		234,018
National Health Investors, Inc.	7,340		604,743
National Retail Properties, Inc.	67,397		3,801,191
National Storage Affiliates Trust	10,067		335,936
New Senior Investment Group, Inc.	15,769		105,337
NexPoint Residential Trust, Inc.	3,385		158,283
Nippon Building Fund, Inc.	297		2,281,895
Nippon Prologis REIT, Inc.	441		1,209,263
Nomura Real Estate Master Fund, Inc.	907		1,638,211
Office Properties Income Trust	8,712		266,936
Omega Healthcare Investors, Inc.	85,034		3,553,571
One Liberty Properties, Inc.	3,040		83,691
Park Hotels & Resorts, Inc.	94,139		2,350,651
Pebblebrook Hotel Trust	74,342		2,068,194
Pennsylvania Real Estate Investment Trust	13,738		78,581
Physicians Realty Trust	32,715		580,691

 

247

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Piedmont Office Realty Trust, Inc., Class A	21,961	$	458,546
PotlatchDeltic Corp.	38,297		1,573,432
Preferred Apartment Communities, Inc., Class A	7,878		113,837
Prologis, Inc.	135,484		11,545,946
PS Business Parks, Inc.	11,323		2,060,220
Public Storage	32,234		7,906,033
QTS Realty Trust, Inc., Class A	9,705		498,934
Rayonier, Inc.	50,902		1,435,436
Realty Income Corp.	68,314		5,238,318
Regency Centers Corp.	35,969		2,499,486
Retail Opportunity Investments Corp.	20,224		368,684
Retail Value, Inc.	2,835		105,008
Rexford Industrial Realty, Inc.	18,309		805,962
RLJ Lodging Trust	30,612		520,098
RPT Realty	13,784		186,773
Ryman Hospitality Properties, Inc.	8,129		665,033
Sabra Health Care REIT, Inc.	106,300		2,440,648
Safehold, Inc.	1,402		42,761
Saul Centers, Inc.	2,150		117,197
SBA Communications Corp.	24,280		5,855,122
Scentre Group	1,179,365		3,128,914
Segro PLC	242,223		2,414,827
Senior Housing Properties Trust	135,617		1,255,135
Seritage Growth Properties, Class A	5,837		248,014
Service Properties Trust	64,575		1,665,389
Simon Property Group, Inc.	66,121		10,291,734
SL Green Realty Corp.	17,692		1,446,321
Spirit Realty Capital, Inc.	35,383		1,693,430
STAG Industrial, Inc.	22,406		660,529
Stockland	528,296		1,622,761
Summit Hotel Properties, Inc.	18,961		219,948
Sunstone Hotel Investors, Inc.	39,884		548,006
Suntec Real Estate Investment Trust	433,600		596,512
Tanger Factory Outlet Centers, Inc.	52,993		820,332
Taubman Centers, Inc.	24,035		981,349
Terreno Realty Corp.	10,972		560,559
The British Land Company PLC	198,931		1,431,068
The GEO Group, Inc.	68,784		1,192,715
The GPT Group	429,233		1,784,926
The Macerich Company	23,654		747,230
UDR, Inc.	62,864		3,047,647
UMH Properties, Inc.	6,947		97,814
Unibail-Rodamco-Westfield, CHESS Depositary Interest	136,560		982,055
Unibail-Rodamco-Westfield, Stapled Shares	23,824		3,473,083
United Urban Investment Corp.	643		1,231,831
Uniti Group, Inc.	109,188		847,845
Universal Health Realty Income Trust	2,286		235,001
Urban Edge Properties	65,803		1,302,241
Urstadt Biddle Properties, Inc., Class A	5,520		130,824
Ventas, Inc.	79,983		5,841,158
Vicinity Centres	710,862		1,233,335
Vornado Realty Trust	33,998		2,164,653
Washington Prime Group, Inc.	33,962		140,603
Washington Real Estate Investment Trust	14,263		390,236
Weingarten Realty Investors	47,494		1,383,500
Welltower, Inc.	86,994		7,886,006
Weyerhaeuser Company	159,914		4,429,618
Whitestone REIT	7,081		97,435
Xenia Hotels & Resorts, Inc.	20,154		425,652
			317,677,930

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development – 0.7%
Aeon Mall Company, Ltd.	22,631	$	358,052
Aroundtown SA	201,452		1,647,759
Azrieli Group, Ltd.	10,295		811,278
CapitaLand, Ltd.	568,684		1,453,654
CBRE Group, Inc., Class A (A)	72,201		3,827,375
City Developments, Ltd.	100,813		717,143
CK Asset Holdings, Ltd.	573,062		3,882,546
Consolidated-Tomoka Land Company	1,050		68,880
Cushman & Wakefield PLC (A)	18,300		339,099
Daito Trust Construction Company, Ltd.	15,911		2,037,855
Daiwa House Industry Company, Ltd.	125,566		4,081,483
Deutsche Wohnen SE	79,170		2,889,979
eXp World Holdings, Inc. (A)(C)	3,210		26,900
Forestar Group, Inc. (A)	2,089		38,187
FRP Holdings, Inc. (A)	1,410		67,708
Hang Lung Properties, Ltd. (C)	448,313		1,017,440
Henderson Land Development Company, Ltd.	321,709		1,498,463
Hongkong Land Holdings, Ltd.	258,734		1,454,658
Hulic Company, Ltd.	58,769		603,359
Hysan Development Company, Ltd.	139,279		561,660
Jones Lang LaSalle, Inc.	20,231		2,813,323
Kennedy-Wilson Holdings, Inc.	22,023		482,744
Kerry Properties, Ltd.	145,064		446,668
Lendlease Group	125,072		1,483,463
Marcus & Millichap, Inc. (A)	4,153		147,390
Mitsubishi Estate Company, Ltd.	262,224		5,070,498
Mitsui Fudosan Company, Ltd.	197,826		4,923,318
New World Development Company, Ltd.	1,360,569		1,766,916
Newmark Group, Inc., Class A	26,145		236,874
Nomura Real Estate Holdings, Inc.	27,663		599,668
Rafael Holdings, Inc., Class B (A)	2,014		42,213
RE/MAX Holdings, Inc., Class A	3,292		105,871
Realogy Holdings Corp. (C)	20,330		135,804
Redfin Corp. (A)(C)	16,011		269,625
Sino Land Company, Ltd.	679,722		1,021,632
Sumitomo Realty & Development Company, Ltd.	73,883		2,820,562
Sun Hung Kai Properties, Ltd.	353,314		5,077,382
Swire Pacific, Ltd., Class A	110,518		1,028,623
Swire Properties, Ltd.	259,687		815,002
Swiss Prime Site AG (A)	16,846		1,648,622
Tejon Ranch Company (A)	4,122		69,950
The RMR Group, Inc., Class A	2,347		106,742
The St. Joe Company (A)(C)	6,233		106,771
The Wharf Holdings, Ltd.	270,061		589,045
Tokyu Fudosan Holdings Corp.	135,481		867,101
UOL Group, Ltd.	102,570		557,001
Vonovia SE	112,630		5,714,301
Wharf Real Estate Investment Company, Ltd.	269,061		1,469,480
Wheelock & Company, Ltd.	181,285		1,032,811
			68,832,878
			386,510,808
Utilities – 3.7%
Electric utilities – 2.0%
ALLETE, Inc.	29,345		2,565,046
Alliant Energy Corp.	50,989		2,749,837
American Electric Power Company, Inc.	106,003		9,931,421
AusNet Services	407,543		499,297
Chubu Electric Power Company, Inc.	142,829		2,071,826
CK Infrastructure Holdings, Ltd.	147,343		990,883
CLP Holdings, Ltd.	364,334		3,829,471
Duke Energy Corp.	156,408		14,993,271
Edison International	76,871		5,797,611

 

248

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
EDP - Energias de Portugal SA	567,457	$	2,202,204
El Paso Electric Company	7,135		478,616
Electricite de France SA	133,532		1,493,752
Endesa SA	70,497		1,854,472
Enel SpA	1,803,836		13,473,384
Entergy Corp.	42,683		5,009,277
Evergy, Inc.	50,548		3,364,475
Eversource Energy	69,467		5,937,344
Exelon Corp.	208,569		10,075,968
FirstEnergy Corp.	115,919		5,590,773
Fortum OYJ	98,373		2,325,168
Genie Energy, Ltd., B Shares	3,220		24,021
Hawaiian Electric Industries, Inc.	42,791		1,951,698
HK Electric Investments & HK Electric Investments, Ltd. (C)	591,500		563,711
Iberdrola SA	1,332,098		13,845,515
IDACORP, Inc.	19,789		2,229,627
Kyushu Electric Power Company, Inc.	84,018		794,008
MGE Energy, Inc.	6,191		494,475
NextEra Energy, Inc.	104,920		24,445,311
OGE Energy Corp.	78,603		3,567,004
Orsted A/S (B)	41,962		3,900,728
Otter Tail Corp.	6,890		370,338
Pinnacle West Capital Corp.	24,108		2,340,164
PNM Resources, Inc.	45,181		2,353,026
Portland General Electric Company	15,618		880,387
Power Assets Holdings, Ltd.	307,736		2,065,781
PPL Corp.	155,045		4,882,367
Red Electrica Corp. SA	96,022		1,944,996
Spark Energy, Inc., Class A	2,678		28,253
SSE PLC	229,229		3,506,708
Terna Rete Elettrica Nazionale SpA	311,838		2,002,843
The Chugoku Electric Power Company, Inc. (C)	61,736		794,475
The Kansai Electric Power Company, Inc.	156,124		1,748,635
The Southern Company	224,379		13,859,891
Tohoku Electric Power Company, Inc.	94,765		926,259
Tokyo Electric Power Company Holdings, Inc. (A)	338,228		1,658,858
Verbund AG	15,106		826,527
Xcel Energy, Inc.	112,566		7,304,408
			194,544,110
Gas utilities – 0.4%
APA Group	261,895		2,028,342
Atmos Energy Corp.	25,374		2,889,845
Chesapeake Utilities Corp.	2,808		267,659
Enagas SA	50,282		1,162,344
Hong Kong & China Gas Company, Ltd.	2,253,470		4,392,302
National Fuel Gas Company	33,893		1,590,260
Naturgy Energy Group SA	66,613		1,766,761
New Jersey Resources Corp. (C)	50,889		2,301,201
Northwest Natural Holding Company	5,175		369,185
ONE Gas, Inc.	29,810		2,865,039
Osaka Gas Company, Ltd.	83,175		1,597,502
RGC Resources, Inc.	1,555		45,468
Snam SpA	451,504		2,280,650
South Jersey Industries, Inc.	16,415		540,218
Southwest Gas Holdings, Inc. (C)	30,748		2,799,298
Spire, Inc.	28,607		2,495,675
Toho Gas Company, Ltd.	16,484		632,194
Tokyo Gas Company, Ltd.	85,096		2,152,325
UGI Corp.	82,053		4,124,804
			36,301,072

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Independent power and renewable electricity producers – 0.1%
AES Corp.	142,508	$	2,328,581
Atlantic Power Corp. (A)	23,257		54,421
Clearway Energy, Inc., Class A	6,439		111,652
Clearway Energy, Inc., Class C	12,763		232,925
Electric Power Development Company, Ltd.	32,448		741,780
Meridian Energy, Ltd.	285,636		930,281
NRG Energy, Inc.	54,309		2,150,636
Ormat Technologies, Inc.	6,985		518,916
Pattern Energy Group, Inc., Class A	15,775		424,821
TerraForm Power, Inc., Class A	13,010		237,107
Uniper SE	44,636		1,463,890
			9,195,010
Multi-utilities – 1.1%
AGL Energy, Ltd.	145,456		1,881,758
Ameren Corp. (C)	52,766		4,223,918
Avista Corp.	11,535		558,755
Black Hills Corp. (C)	34,664		2,659,769
CenterPoint Energy, Inc.	107,811		3,253,736
Centrica PLC	1,265,966		1,147,963
CMS Energy Corp.	60,920		3,895,834
Consolidated Edison, Inc.	71,301		6,735,805
Dominion Energy, Inc.	176,440		14,298,698
DTE Energy Company	39,349		5,231,843
E.ON SE	488,098		4,745,585
Engie SA	405,015		6,610,722
Innogy SE (B)	30,867		1,502,187
MDU Resources Group, Inc. (C)	78,165		2,203,471
National Grid PLC	756,814		8,194,248
NiSource, Inc.	80,146		2,397,968
NorthWestern Corp.	28,592		2,145,830
Public Service Enterprise Group, Inc.	108,545		6,738,474
RWE AG (C)	121,266		3,789,874
Sempra Energy	58,938		8,699,838
Suez	75,755		1,190,610
Unitil Corp.	2,655		168,433
Veolia Environnement SA	119,123		3,017,577
WEC Energy Group, Inc.	67,714		6,439,601
			101,732,497
Water utilities – 0.1%
American States Water Company (C)	6,408		575,823
American Water Works Company, Inc.	38,781		4,817,764
Aqua America, Inc.	84,729		3,798,401
AquaVenture Holdings, Ltd. (A)	2,470		47,992
Artesian Resources Corp., Class A	1,628		60,236
Cadiz, Inc. (A)(C)	3,193		39,881
California Water Service Group	8,478		448,741
Connecticut Water Service, Inc.	2,234		156,514
Consolidated Water Company, Ltd.	3,704		61,079
Middlesex Water Company	2,915		189,358
Severn Trent PLC	52,646		1,401,293
SJW Group	4,671		318,983
The York Water Company	2,554		111,508
United Utilities Group PLC	151,209		1,534,849
			13,562,422
			355,335,111
TOTAL COMMON STOCKS (Cost $5,765,674,312)		$	9,357,379,292
PREFERRED SECURITIES – 0.1%
Communication services – 0.0%
Diversified telecommunication services – 0.0%
GCI Liberty, Inc., 7.000%	1,037		27,201
Consumer discretionary – 0.1%

 

249

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Automobiles – 0.1%
Bayerische Motoren Werke AG		12,480	$	693,296
Porsche Automobil Holding SE		33,946		2,200,613
Volkswagen AG		41,059		6,983,529
				9,877,438
Consumer staples – 0.0%
Household products – 0.0%
Henkel AG & Company KGaA		39,479		3,906,411
Health care – 0.0%
Health care equipment and supplies – 0.0%
Sartorius AG		7,892		1,438,793
Materials – 0.0%
Chemicals – 0.0%
FUCHS PETROLUB SE		15,428		578,607
TOTAL PREFERRED SECURITIES (Cost $13,983,186)			$	15,828,450
RIGHTS – 0.0%
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(D)(E)		54,671		14,094
TOTAL RIGHTS (Cost $16,278)			$	14,094
SECURITIES LENDING COLLATERAL – 1.8%
John Hancock Collateral Trust, 2.1169% (F)(G)		17,082,079		170,935,240
TOTAL SECURITIES LENDING COLLATERAL (Cost $170,929,085)			$	170,935,240
SHORT-TERM INVESTMENTS – 1.5%
U.S. Government Agency – 1.2%
Federal Agricultural Mortgage Corp. Discount Note 1.900%, 10/11/2019 *	$	10,000,000		9,994,778
Federal Home Loan Bank Discount Note
1.935%, 11/27/2019 *		40,000,000		39,880,933
1.940%, 10/25/2019 *		20,000,000		19,974,933
2.025%, 10/30/2019 *		3,000,000		2,995,457
2.400%, 10/18/2019 *		24,300,000		24,278,427
Federal National Mortgage Association Discount Note 1.990%, 10/04/2019 *		20,000,000		19,996,867
				117,121,395

Strategic Equity Allocation Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.3%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $25,887,575 on 10-1-19, collateralized by $25,840,000 U.S. Treasury Notes, 1.625% - 2.625% due 6/15/2021 to 6/30/2021 (valued at $26,408,804 including interest)	$	25,887,000	$	25,887,000
TOTAL SHORT-TERM INVESTMENTS (Cost $142,997,556)			$	143,008,395
Total Investments (Strategic Equity Allocation Trust) (Cost $6,093,600,417) – 101.3%			$	9,687,165,471
Other assets and liabilities, net – (1.3%)				(127,340,430)
TOTAL NET ASSETS – 100.0%			$	9,559,825,041

Security Abbreviations and Legend
ADR	American 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)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $164,972,368.
(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 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
MSCI EAFE Index Futures	520	Long	Dec 2019	$49,970,684	$49,358,400	$(612,284)
Russell 2000 E-Mini Index Futures	154	Long	Dec 2019	12,025,221	11,742,500	(282,721)
S&P 500 Index E-Mini Futures	773	Long	Dec 2019	116,472,031	115,119,025	(1,353,006)
S&P Mid 400 Index E-Mini Futures	79	Long	Dec 2019	15,501,307	15,310,200	(191,107)
						$(2,439,118)

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

250

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 10.4%
U.S. Government – 10.4%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	5,985,000	$	6,720,734
3.000%, 02/15/2049		6,860,000		8,185,909
3.125%, 02/15/2043		6,175,000		7,369,718
4.375%, 02/15/2038		3,920,000		5,439,613
U.S. Treasury Notes
2.000%, 11/15/2026		2,990,000		3,066,268
2.375%, 02/29/2024 to 05/15/2029		11,440,000		12,028,542
2.500%, 02/15/2022 to 01/31/2024		4,480,000		4,615,448
2.625%, 02/15/2029		2,345,000		2,538,646
				49,964,878
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $44,980,957)			$	49,964,878
FOREIGN GOVERNMENT OBLIGATIONS – 21.9%
Australia – 0.2%
New South Wales Treasury Corp. 4.000%, 04/08/2021	AUD	650,000		459,304
Queensland Treasury Corp. 6.250%, 02/21/2020		810,000		557,855
				1,017,159
Austria – 0.3%
Republic of Austria 0.500%, 02/20/2029 (A)	EUR	1,105,000		1,298,809
Brazil – 1.7%
Federative Republic of Brazil
10.000%, 01/01/2021	BRL	9,560,000		2,490,469
10.000%, 01/01/2023		21,135,000		5,786,003
				8,276,472
Canada – 3.8%
Canada Housing Trust No. 1 2.350%, 06/15/2023 (A)	CAD	2,500,000		1,930,200
Export Development Canada 2.400%, 06/07/2021	AUD	430,000		296,479
Government of Canada
0.750%, 09/01/2020	CAD	3,145,000		2,352,726
1.500%, 03/01/2020		3,005,000		2,265,754
2.250%, 03/01/2024		5,478,000		4,276,259
Province of British Columbia 6.600%, 01/09/2020 (A)	INR	60,405,000		850,050
Province of Ontario
2.900%, 06/02/2028	CAD	1,185,000		954,860
3.450%, 06/02/2045		1,060,000		961,309
3.500%, 06/02/2024		4,470,000		3,622,493
Province of Quebec 3.000%, 09/01/2023		650,000		512,606
				18,022,736
Colombia – 1.4%
Republic of Colombia
4.000%, 02/26/2024	$	1,480,000		1,559,920
7.000%, 05/04/2022	COP	7,382,000,000		2,231,746
10.000%, 07/24/2024		6,085,600,000		2,107,831
11.000%, 07/24/2020		2,308,200,000		698,122
				6,597,619
Finland – 0.3%
Republic of Finland 0.500%, 09/15/2028 (A)	EUR	1,060,000		1,247,674
Hungary – 0.9%
Republic of Hungary
6.250%, 01/29/2020	$	2,150,000		2,177,860
6.375%, 03/29/2021		2,126,000		2,256,432
				4,434,292

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Indonesia – 2.6%
Perusahaan Penerbit SBSN Indonesia III 4.150%, 03/29/2027 (A)	$	940,000	$	1,005,800
Republic of Indonesia
2.150%, 07/18/2024 (A)	EUR	740,000		867,143
2.625%, 06/14/2023 (A)		850,000		1,007,527
5.625%, 05/15/2023	IDR	1,500,000,000		102,670
5.875%, 01/15/2024 (A)	$	535,000		601,759
6.125%, 05/15/2028	IDR	15,016,000,000		978,923
6.500%, 06/15/2025		7,705,000,000		535,287
6.625%, 05/15/2033		6,431,000,000		412,123
7.000%, 05/15/2022		3,600,000,000		257,264
7.000%, 05/15/2027		12,025,000,000		840,979
7.000%, 09/15/2030		16,551,000,000		1,138,678
7.500%, 08/15/2032		1,030,000,000		71,839
7.500%, 06/15/2035		5,250,000,000		363,570
7.500%, 05/15/2038		5,584,000,000		384,653
8.250%, 07/15/2021		1,207,000,000		87,883
8.250%, 05/15/2029		4,891,000,000		367,967
8.375%, 03/15/2024		10,555,000,000		789,666
8.375%, 09/15/2026		12,897,000,000		973,358
8.750%, 05/15/2031		17,423,000,000		1,338,202
9.000%, 03/15/2029		6,709,000,000		523,004
				12,648,295
Ireland – 1.6%
Republic of Ireland
3.400%, 03/18/2024	EUR	3,332,000		4,265,924
3.900%, 03/20/2023		2,770,000		3,487,862
				7,753,786
Japan – 1.0%
Government of Japan 0.100%, 12/20/2023	JPY	533,450,000		5,028,727
Malaysia – 1.3%
Government of Malaysia
3.620%, 11/30/2021	MYR	2,895,000		698,453
3.733%, 06/15/2028		1,930,000		465,823
3.844%, 04/15/2033		4,313,000		1,055,671
3.882%, 03/14/2025		2,835,000		696,697
3.899%, 11/16/2027		3,370,000		827,695
4.059%, 09/30/2024		3,895,000		963,730
4.160%, 07/15/2021		7,083,000		1,722,087
				6,430,156
Norway – 1.1%
Government of Norway
2.000%, 05/24/2023 (A)	NOK	17,125,000		1,929,214
3.750%, 05/25/2021 (A)		28,565,000		3,269,929
				5,199,143
Philippines – 2.4%
Republic of Philippines
0.875%, 05/17/2027	EUR	1,465,000		1,651,035
3.375%, 01/12/2020	PHP	10,560,000		203,669
3.375%, 08/20/2020		7,490,000		143,938
3.500%, 03/20/2021		13,200,000		252,530
3.500%, 04/21/2023		60,790,000		1,140,723
3.875%, 11/22/2019		17,870,000		344,861
4.250%, 04/11/2020		42,670,000		825,187
4.625%, 09/09/2040		4,368,000		75,647
5.500%, 03/08/2023		22,160,000		445,419
5.875%, 12/16/2020		84,843,440		1,671,361
6.250%, 03/12/2024		38,175,000		795,031
6.250%, 01/14/2036		43,000,000		995,977
6.500%, 04/28/2021		38,460,000		768,756
7.375%, 03/03/2021		59,600,000		1,201,812

 

251

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Philippines (continued)
Republic of Philippines (continued)
8.000%, 07/19/2031	PHP	46,905,000	$	1,146,137
				11,662,083
Portugal – 1.3%
Republic of Portugal
2.125%, 10/17/2028 (A)	EUR	1,306,000		1,683,423
3.850%, 04/15/2021 (A)		1,915,000		2,230,426
5.125%, 10/15/2024 (A)	$	1,905,000		2,168,065
				6,081,914
Qatar – 0.4%
State of Qatar
4.000%, 03/14/2029 (A)		875,000		969,063
4.817%, 03/14/2049 (A)		770,000		952,533
				1,921,596
Singapore – 1.1%
Republic of Singapore
1.750%, 04/01/2022	SGD	2,290,000		1,660,869
3.250%, 09/01/2020		4,815,000		3,533,488
				5,194,357
Sweden – 0.4%
Kingdom of Sweden 0.125%, 04/24/2023 (A)	EUR	1,880,000		2,102,364
United Kingdom – 0.1%
Government of United Kingdom 3.750%, 09/07/2020	GBP	185,000		234,270
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $110,751,050)			$	105,151,452
CORPORATE BONDS – 48.6%
Communication services – 5.4%
Cablevision Systems Corp. 5.875%, 09/15/2022	$	595,000		641,113
CCO Holdings LLC
5.000%, 02/01/2028 (A)		1,245,000		1,287,019
5.125%, 05/01/2027 (A)		1,135,000		1,184,656
Charter Communications Operating LLC 5.125%, 07/01/2049		1,790,000		1,906,936
Connect Finco SARL 6.750%, 10/01/2026 (A)		440,000		448,250
CSC Holdings LLC
5.375%, 02/01/2028 (A)		1,135,000		1,196,006
5.500%, 04/15/2027 (A)		1,470,000		1,554,363
5.750%, 01/15/2030 (A)		1,410,000		1,473,619
7.500%, 04/01/2028 (A)		425,000		478,614
DISH DBS Corp. 5.875%, 07/15/2022		630,000		655,200
GCI LLC 6.625%, 06/15/2024 (A)		1,490,000		1,607,338
Lions Gate Capital Holdings LLC
5.875%, 11/01/2024 (A)		381,000		391,478
6.375%, 02/01/2024 (A)		1,335,000		1,411,602
Netflix, Inc.
4.375%, 11/15/2026		100,000		101,305
5.375%, 11/15/2029 (A)		1,110,000		1,154,400
Sirius XM Radio, Inc.
4.625%, 05/15/2023 (A)		630,000		642,033
5.375%, 07/15/2026 (A)		1,005,000		1,055,109
T-Mobile USA, Inc. 6.500%, 01/15/2026		1,230,000		1,322,484
Verizon Communications, Inc.
3.376%, 02/15/2025		715,000		755,165
4.016%, 12/03/2029		1,290,000		1,434,225
4.329%, 09/21/2028		1,800,000		2,041,768

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Viacom, Inc. 4.375%, 03/15/2043	$	485,000	$	499,746
Viacom, Inc. (6.250% to 2-28-27, then 3 month LIBOR + 3.899%) 02/28/2057		1,085,000		1,169,630
WMG Acquisition Corp. 5.500%, 04/15/2026 (A)		1,405,000		1,475,250
				25,887,309
Consumer discretionary – 4.7%
Amazon.com, Inc. 3.150%, 08/22/2027		1,630,000		1,732,356
BMW Finance NV 1.000%, 11/14/2024	EUR	410,000		464,882
Diamond Sports Group LLC
5.375%, 08/15/2026 (A)	$	1,715,000		1,779,313
6.625%, 08/15/2027 (A)(B)		1,995,000		2,066,920
ESH Hospitality, Inc. 5.250%, 05/01/2025 (A)		820,000		847,675
Expedia Group, Inc.
3.250%, 02/15/2030 (A)		715,000		713,149
3.800%, 02/15/2028		1,335,000		1,397,386
5.000%, 02/15/2026		1,305,000		1,466,235
Graham Holdings Company 5.750%, 06/01/2026 (A)		865,000		929,875
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC
5.000%, 06/01/2024 (A)		660,000		684,750
5.250%, 06/01/2026 (A)		1,881,000		1,991,039
Lennar Corp. 4.750%, 11/29/2027		1,905,000		2,043,113
New Red Finance, Inc.
3.875%, 01/15/2028 (A)		1,190,000		1,197,568
4.250%, 05/15/2024 (A)		1,470,000		1,512,204
4.625%, 01/15/2022 (A)		1,535,000		1,535,154
5.000%, 10/15/2025 (A)		1,270,000		1,311,910
Service Corp. International 5.125%, 06/01/2029		70,000		74,813
Yum! Brands, Inc. 4.750%, 01/15/2030 (A)		935,000		964,219
				22,712,561
Consumer staples – 1.5%
JBS Investments II GmbH 7.000%, 01/15/2026 (A)		400,000		431,596
Molson Coors Brewing Company 1.250%, 07/15/2024	EUR	755,000		853,767
Natura Cosmeticos SA 5.375%, 02/01/2023 (A)	$	210,000		219,190
Post Holdings, Inc.
5.000%, 08/15/2026 (A)		1,740,000		1,804,554
5.625%, 01/15/2028 (A)		500,000		530,000
5.750%, 03/01/2027 (A)		2,120,000		2,247,624
Walnut Bidco PLC
6.750%, 08/01/2024 (A)	EUR	500,000		569,603
9.125%, 08/01/2024 (A)	$	475,000		494,693
				7,151,027
Energy – 11.1%
Aker BP ASA
4.750%, 06/15/2024 (A)		700,000		731,150
5.875%, 03/31/2025 (A)		155,000		162,947
Cheniere Corpus Christi Holdings LLC 5.125%, 06/30/2027		95,000		104,025
Cheniere Energy Partners LP 5.625%, 10/01/2026		95,000		100,809

 

252

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Concho Resources, Inc. 4.300%, 08/15/2028	$	758,000	$	817,645
Continental Resources, Inc. 4.375%, 01/15/2028		2,295,000		2,371,344
DCP Midstream Operating LP
3.875%, 03/15/2023		70,000		70,788
5.125%, 05/15/2029		995,000		1,013,656
5.375%, 07/15/2025		2,030,000		2,161,950
Diamondback Energy, Inc.
4.750%, 11/01/2024		785,000		803,644
5.375%, 05/31/2025		2,290,000		2,389,752
Enable Midstream Partners LP 4.150%, 09/15/2029		1,405,000		1,352,240
Enbridge, Inc. 4.250%, 12/01/2026		1,720,000		1,881,836
Energy Transfer Operating LP 5.500%, 06/01/2027		430,000		485,665
Enterprise Products Operating LLC 3.125%, 07/31/2029		2,385,000		2,439,141
EOG Resources, Inc. 4.150%, 01/15/2026		435,000		481,171
Indika Energy Capital III Pte, Ltd. 5.875%, 11/09/2024 (A)(B)		1,025,000		1,000,194
Kinder Morgan, Inc. 4.300%, 06/01/2025		450,000		486,530
Marathon Oil Corp. 4.400%, 07/15/2027		2,185,000		2,331,421
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/2026 (A)		1,100,000		1,108,766
MPLX LP 4.700%, 04/15/2048		2,410,000		2,517,355
Murphy Oil Corp.
4.200%, 12/01/2022 (B)		60,000		60,750
6.875%, 08/15/2024		1,087,000		1,135,915
Occidental Petroleum Corp.
2.900%, 08/15/2024		1,136,000		1,144,626
3.500%, 08/15/2029		1,045,000		1,061,033
Parsley Energy LLC
5.375%, 01/15/2025 (A)		1,375,000		1,392,188
5.625%, 10/15/2027 (A)		2,180,000		2,250,850
PBF Holding Company LLC 7.250%, 06/15/2025		1,800,000		1,865,250
Pertamina Persero PT
3.650%, 07/30/2029 (A)		295,000		302,929
4.300%, 05/20/2023 (A)		805,000		846,116
Petrobras Global Finance BV
5.093%, 01/15/2030 (A)		2,285,000		2,383,598
6.900%, 03/19/2049		770,000		883,190
Petroleos del Peru SA 5.625%, 06/19/2047 (A)		697,000		826,154
Sabine Pass Liquefaction LLC 5.000%, 03/15/2027		435,000		480,523
Saudi Arabian Oil Company
3.500%, 04/16/2029 (A)		2,170,000		2,264,737
4.250%, 04/16/2039 (A)		1,480,000		1,596,364
4.375%, 04/16/2049 (A)		1,115,000		1,218,802
Schlumberger Holdings Corp. 3.900%, 05/17/2028 (A)		1,705,000		1,805,068
Targa Resources Partners LP
5.000%, 01/15/2028		70,000		70,791
5.875%, 04/15/2026		815,000		860,844
6.500%, 07/15/2027 (A)		70,000		76,376
The Williams Companies, Inc.
3.600%, 03/15/2022		1,200,000		1,232,653
4.300%, 03/04/2024		330,000		350,990

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
The Williams Companies, Inc. (continued)
4.550%, 06/24/2024	$	1,385,000	$	1,491,263
TransCanada PipeLines, Ltd. 4.250%, 05/15/2028		445,000		492,028
Valero Energy Corp. 3.400%, 09/15/2026		470,000		481,945
WPX Energy, Inc. 5.750%, 06/01/2026		1,880,000		1,927,000
				53,314,012
Financials – 11.9%
American International Group, Inc. (8.175% to 5-15-38, then 3 month LIBOR + 4.195%) 05/15/2068		2,395,000		3,169,088
Asian Development Bank 5.000%, 03/09/2022	AUD	940,000		693,135
Bank of America Corp. (3.194% to 7-23-29, then 3 month LIBOR + 1.180%) 07/23/2030	$	1,805,000		1,862,620
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		2,031,000		2,119,178
Bank of America Corp. (3.974% to 2-7-29, then 3 month LIBOR + 1.210%) 02/07/2030		440,000		481,692
Bank of Ireland Group PLC 4.500%, 11/25/2023 (A)		580,000		607,292
Berkshire Hathaway Finance Corp. 2.375%, 06/19/2039	GBP	610,000		807,200
BNG Bank NV 0.250%, 02/22/2023 to 06/07/2024	EUR	1,460,000		1,642,497
CIT Group, Inc. (5.800% to 6-15-22, then 3 month LIBOR + 3.972%) 06/15/2022 (C)	$	185,000		187,775
Citigroup, Inc. (3 month BBSW + 1.550%) 2.539%, 05/04/2021 (D)	AUD	1,487,000		1,016,260
Citigroup, Inc. (3 month EURIBOR + 0.500%) 0.164%, 03/21/2023 (D)	EUR	920,000		1,005,164
DB Insurance Company, Ltd.
3.492%, 05/25/2024	KRW	1,000,000,000		872,600
3.865%, 05/25/2027		1,000,000,000		902,780
European Financial Stability Facility
0.125%, 10/17/2023	EUR	1,315,000		1,471,404
0.500%, 01/20/2023		725,000		817,669
1.875%, 05/23/2023		1,020,000		1,210,940
European Investment Bank 1.500%, 05/12/2022	NOK	9,790,000		1,074,561
International Bank for Reconstruction & Development
2.500%, 03/12/2020	AUD	1,015,000		689,300
2.800%, 01/13/2021		1,185,000		817,088
3.375%, 01/25/2022	NZD	1,327,000		871,142
3.500%, 01/22/2021		1,130,000		728,591
3.625%, 06/22/2020	NOK	7,100,000		790,756
4.625%, 10/06/2021	NZD	1,310,000		875,519
7.450%, 08/20/2021	IDR	15,855,000,000		1,127,321
JPMorgan Chase & Co.
3.200%, 06/15/2026	$	695,000		722,286
3.625%, 12/01/2027		705,000		743,066
4.125%, 12/15/2026		450,000		491,563
JPMorgan Chase & Co. (2.301% to 10-15-24, then SOFR + 1.160%) 10/15/2025		1,075,000		1,071,582
KfW
0.000%, 09/15/2023	EUR	415,000		462,791

 

253

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
KfW (continued)
0.375%, 03/15/2023	EUR	845,000	$	951,737
2.125%, 08/15/2023		1,745,000		2,103,476
6.000%, 08/20/2020	AUD	2,275,000		1,601,489
MGIC Investment Corp. 5.750%, 08/15/2023	$	580,000		634,375
Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) 1.820%, 06/21/2023 (D)	NOK	7,000,000		772,099
Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) 1.860%, 06/19/2024 (D)		7,000,000		771,584
Nordic Investment Bank
1.375%, 07/15/2020		5,340,000		585,385
4.125%, 03/19/2020	NZD	1,740,000		1,104,222
Popular, Inc. 6.125%, 09/14/2023	$	1,625,000		1,769,300
Swiss Insured Brazil Power Finance Sarl 9.850%, 07/16/2032 (A)	BRL	12,285,000		3,341,087
Synovus Financial Corp. (5.750% to 12-15-20, then 3 month LIBOR + 4.182%) 12/15/2025 (B)	$	1,500,000		1,534,305
Temasek Financial I, Ltd. 3.265%, 02/19/2020	SGD	1,250,000		908,210
The Goldman Sachs Group, Inc. 1.375%, 05/15/2024	EUR	983,000		1,114,534
The Goldman Sachs Group, Inc. (3 month LIBOR + 0.750%) 3.273%, 02/23/2023 (D)	$	670,000		669,401
The PNC Financial Services Group, Inc. 3.500%, 01/23/2024		505,000		533,562
U.S. Bancorp
0.850%, 06/07/2024	EUR	615,000		694,741
3.000%, 07/30/2029	$	745,000		768,610
3.150%, 04/27/2027		915,000		968,757
3.375%, 02/05/2024		508,000		534,706
3.600%, 09/11/2024		467,000		496,989
U.S. Bank NA
2.650%, 05/23/2022		1,320,000		1,343,081
2.800%, 01/27/2025		544,000		560,952
3.000%, 02/04/2021		1,390,000		1,407,157
Wells Fargo & Company 3.250%, 04/27/2022	AUD	1,120,000		787,505
Wells Fargo & Company (3 month BBSW + 1.320%) 2.348%, 07/27/2021 (D)		935,000		637,559
Westpac Banking Corp. 7.250%, 02/11/2020		700,000		482,534
Zions Bancorp NA (5.800% to 6-15-23, then 3 month LIBOR + 3.800%) 06/15/2023 (C)	$	550,000		558,250
				56,968,467
Health care – 2.6%
Allergan Funding SCS
1.250%, 06/01/2024	EUR	520,000		589,240
2.625%, 11/15/2028		300,000		375,006
Bausch Health Companies, Inc.
5.875%, 05/15/2023 (A)	$	185,000		187,313
6.125%, 04/15/2025 (A)		275,000		285,313
9.000%, 12/15/2025 (A)		95,000		106,638
Becton Dickinson Euro Finance Sarl 1.208%, 06/04/2026	EUR	745,000		838,018
CommonSpirit Health 3.347%, 10/01/2029	$	575,000		581,503

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
DH Europe Finance II Sarl 0.450%, 03/18/2028	EUR	1,630,000	$	1,780,456
HCA Healthcare, Inc. 6.250%, 02/15/2021	$	1,827,000		1,913,052
HCA, Inc.
5.000%, 03/15/2024		995,000		1,086,595
5.375%, 02/01/2025		1,725,000		1,884,563
Thermo Fisher Scientific, Inc.
0.500%, 03/01/2028	EUR	650,000		707,330
0.750%, 09/12/2024		282,000		316,001
1.400%, 01/23/2026		468,000		542,702
2.600%, 10/01/2029	$	1,400,000		1,394,933
				12,588,663
Industrials – 2.6%
AECOM
5.125%, 03/15/2027		1,655,000		1,737,750
5.875%, 10/15/2024		1,360,000		1,478,320
American Airlines Group, Inc. 5.000%, 06/01/2022 (A)		180,000		186,903
BOC Aviation, Ltd. 2.750%, 09/18/2022 (A)		990,000		990,793
BOC Aviation, Ltd. (3 month LIBOR + 1.050%) 3.316%, 05/02/2021 (A)(D)		285,000		286,083
HC2 Holdings, Inc. 11.500%, 12/01/2021 (A)		695,000		611,600
Icahn Enterprises LP 6.250%, 05/15/2026 (A)		75,000		78,563
IHS Markit, Ltd. 4.750%, 08/01/2028		835,000		928,103
Jasa Marga Persero Tbk PT 7.500%, 12/11/2020 (A)	IDR	9,120,000,000		630,655
Owens Corning 3.950%, 08/15/2029	$	530,000		539,018
Pelabuhan Indonesia II PT 4.250%, 05/05/2025 (A)		920,000		971,750
The Boeing Company 2.700%, 02/01/2027		1,060,000		1,082,857
Uber Technologies, Inc.
7.500%, 09/15/2027 (A)		630,000		628,425
8.000%, 11/01/2026 (A)		1,320,000		1,336,500
United Rentals North America, Inc. 4.875%, 01/15/2028		1,025,000		1,066,000
				12,553,320
Information technology – 4.1%
Apple, Inc.
0.875%, 05/24/2025	EUR	630,000		722,345
2.050%, 09/11/2026	$	3,215,000		3,176,697
Banff Merger Sub, Inc. 9.750%, 09/01/2026 (A)		870,000		830,415
Broadcom, Inc. 4.750%, 04/15/2029 (A)		1,628,000		1,720,775
CDK Global, Inc. 5.000%, 10/15/2024		50,000		53,250
Dell International LLC
5.300%, 10/01/2029 (A)		1,310,000		1,425,396
8.100%, 07/15/2036 (A)		504,000		643,139
8.350%, 07/15/2046 (A)		2,068,000		2,726,288
Fidelity National Information Services, Inc. 1.500%, 05/21/2027	EUR	820,000		957,127
Fiserv, Inc.
1.125%, 07/01/2027		290,000		328,806
3.500%, 07/01/2029	$	1,496,000		1,574,277
4.400%, 07/01/2049		101,000		113,400

 

254

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Gartner, Inc. 5.125%, 04/01/2025 (A)	$	180,000	$	188,325
KLA Corp. 4.100%, 03/15/2029		1,632,000		1,801,192
Microsoft Corp. 2.400%, 08/08/2026		1,520,000		1,550,615
NXP BV 3.875%, 06/18/2026 (A)		1,380,000		1,451,161
SS&C Technologies, Inc. 5.500%, 09/30/2027 (A)		275,000		287,382
				19,550,590
Materials – 2.4%
Ardagh Packaging Finance PLC
5.250%, 08/15/2027 (A)		380,000		384,750
6.000%, 02/15/2025 (A)		200,000		209,120
Ball Corp.
4.000%, 11/15/2023		1,845,000		1,930,331
4.375%, 12/15/2020		820,000		836,818
4.875%, 03/15/2026		1,120,000		1,216,600
5.250%, 07/01/2025		1,460,000		1,615,125
Berry Global, Inc. 5.625%, 07/15/2027 (A)		230,000		238,050
Braskem Netherlands Finance BV 4.500%, 01/10/2028 (A)		350,000		350,438
Crown Americas LLC 4.500%, 01/15/2023		1,360,000		1,428,000
Crown Cork & Seal Company, Inc. 7.375%, 12/15/2026		1,021,000		1,240,515
Ecolab, Inc. 1.000%, 01/15/2024	EUR	330,000		373,288
Klabin Austria GmbH 5.750%, 04/03/2029 (A)	$	355,000		371,863
Sealed Air Corp. 5.125%, 12/01/2024 (A)		230,000		246,100
St. Mary's Cement, Inc. 5.750%, 01/28/2027 (A)		415,000		461,169
Suzano Austria GmbH 5.750%, 07/14/2026 (A)		365,000		403,402
				11,305,569
Real estate – 0.5%
American Tower Corp. 1.950%, 05/22/2026	EUR	305,000		362,189
Crown Castle International Corp. 3.800%, 02/15/2028	$	865,000		920,139
Outfront Media Capital LLC 5.000%, 08/15/2027 (A)		580,000		609,000
SBA Communications Corp. 4.875%, 09/01/2024		660,000		683,100
				2,574,428
Utilities – 1.8%
Adani Green Energy UP, Ltd. 6.250%, 12/10/2024 (A)		460,000		480,470
Greenko Dutch BV 5.250%, 07/24/2024 (A)		975,000		975,000
Greenko Solar Mauritius, Ltd. 5.550%, 01/29/2025 (A)		430,000		429,883
Israel Electric Corp., Ltd.
5.000%, 11/12/2024 (A)		625,000		687,813
6.875%, 06/21/2023 (A)		390,000		443,925
NRG Energy, Inc.
5.250%, 06/15/2029 (A)		70,000		75,271
6.625%, 01/15/2027		1,625,000		1,760,444
Perusahaan Listrik Negara PT 4.125%, 05/15/2027 (A)		1,440,000		1,520,020

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Southern Gas Networks PLC 4.875%, 12/21/2020	GBP	80,000	$	102,785
Vistra Operations Company LLC
3.550%, 07/15/2024 (A)	$	1,980,000		1,993,352
5.000%, 07/31/2027 (A)		340,000		350,091
				8,819,054
TOTAL CORPORATE BONDS (Cost $229,157,271)			$	233,425,000
CONVERTIBLE BONDS – 1.6%
Communication services – 0.4%
DISH Network Corp. 3.375%, 08/15/2026		430,000		393,968
GCI Liberty, Inc. 1.750%, 09/30/2046 (A)		1,150,000		1,398,688
				1,792,656
Consumer discretionary – 0.4%
Sony Corp. 0.000%, 09/30/2022	JPY	139,000,000		1,753,648
Health care – 0.2%
Anthem, Inc. 2.750%, 10/15/2042	$	241,000		806,179
Information technology – 0.4%
Avaya Holdings Corp. 2.250%, 06/15/2023		1,055,000		898,560
IAC Financeco 2, Inc. 0.875%, 06/15/2026 (A)		1,155,000		1,202,155
				2,100,715
Utilities – 0.2%
NRG Energy, Inc. 2.750%, 06/01/2048		1,020,000		1,146,334
TOTAL CONVERTIBLE BONDS (Cost $6,819,174)			$	7,599,532
CAPITAL PREFERRED SECURITIES – 1.2%
Financials – 1.2%
First Maryland Capital I (3 month LIBOR + 1.000%) 3.303%, 01/15/2027 (D)		1,046,000		968,858
First Maryland Capital II (3 month LIBOR + 0.850%) 3.103%, 02/01/2027 (D)		1,220,000		1,128,500
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) 3.500%, 11/01/2019 (C)(D)		2,081,000		1,774,053
Wachovia Capital Trust III (Greater of 3 month LIBOR + 0.930% or 5.570%) 5.570%, 11/01/2019 (C)(D)		1,942,000		1,949,283
				5,820,694
TOTAL CAPITAL PREFERRED SECURITIES (Cost $5,770,676)			$	5,820,694
TERM LOANS (E) – 0.0%
Consumer discretionary – 0.0%
American Tire Distributors, Inc., PIK, Exit FILO Term Loan (3 month LIBOR + 6.000%) 8.150%, 09/01/2023		33,103		32,669
TOTAL TERM LOANS (Cost $28,257)			$	32,669

 

255

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.0%
Commercial and residential – 4.4%
Arroyo Mortgage Trust
Series 2018-1, Class A1, 3.763%, 04/25/2048 (A)(F)	$	975,417	$	993,067
Series 2019-1, Class A1, 3.805%, 01/25/2049 (A)(F)		1,099,792		1,124,231
Series 2019-2, Class A1, 3.347%, 04/25/2049 (A)(F)		1,585,324		1,609,095
Series 2019-3, Class A1, 2.962%, 10/25/2048 (A)(F)		907,576		914,289
BBCMS Mortgage Trust Series 2018-TALL, Class E (1 month LIBOR + 2.437%) 4.465%, 03/15/2037 (A)(D)		815,000		816,525
BHMS Mortgage Trust Series 2018-ATLS, Class C (1 month LIBOR + 1.900%) 3.928%, 07/15/2035 (A)(D)		665,000		666,242
BX Commercial Mortgage Trust Series 2018-BIOA, Class E (1 month LIBOR + 1.951%) 3.979%, 03/15/2037 (A)(D)		1,040,000		1,043,237
BXP Trust
Series 2017-CC, Class C, 3.670%, 08/13/2037 (A)(F)		565,000		590,233
Series 2017-GM, Class D, 3.539%, 06/13/2039 (A)(F)		1,220,000		1,262,066
CLNS Trust Series 2017-IKPR, Class C (1 month LIBOR + 1.100%) 3.301%, 06/11/2032 (A)(D)		675,000		673,941
Core Industrial Trust Series 2015-CALW, Class F 3.979%, 02/10/2034 (A)(F)		445,000		455,505
Credit Suisse Commercial Mortgage Trust Series 2015-GLPB, Class A 3.639%, 11/15/2034 (A)		672,786		705,013
Credit Suisse Mortgage Capital Certificates Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) 3.628%, 05/15/2036 (A)(D)		835,000		836,044
DBGS Mortgage Trust Series 2018-BIOD, Class B (1 month LIBOR + 0.888%) 2.915%, 05/15/2035 (A)(D)		863,169		861,815
GS Mortgage Securities Corp. Trust Series 2018-TWR, Class A (1 month LIBOR + 0.900%) 2.928%, 07/15/2031 (A)(D)		895,000		893,033
HarborView Mortgage Loan Trust
Series 2004-7, Class 4A, 4.640%, 11/19/2034 (F)		227,637		236,929
Series 2005-9, Class 2A1A (1 month LIBOR + 0.340%), 2.512%, 06/20/2035 (D)		260,153		259,837
Series 2005-9, Class 2A1C (1 month LIBOR + 0.450%), 2.622%, 06/20/2035 (D)		176,691		178,835
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (A)		6,468,452		109,241
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		6,358,621		91,787
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (A)		5,618,041		79,953

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2018-AON, Class D, 4.767%, 07/05/2031 (A)(F)	$	270,000	$	287,374
Series 2018-PHH, Class C (1 month LIBOR + 1.360%), 3.388%, 06/15/2035 (A)(D)		265,000		264,545
Merrill Lynch Mortgage Investors Trust
Series 2005-A2, Class A2, 4.455%, 02/25/2035 (F)		162,733		165,039
Series 2005-A8, Class A2A (1 month LIBOR + 0.270%), 2.288%, 08/25/2036 (D)		406,532		407,638
Morgan Stanley Capital I Trust Series 2014-150E, Class F 4.438%, 09/09/2032 (A)(F)		695,000		719,195
Morgan Stanley Mortgage Loan Trust
Series 2004-8AR, Class 4A1, 4.388%, 10/25/2034 (F)		201,031		208,218
Series 2004-9, Class 1A, 5.395%, 11/25/2034 (F)		134,754		144,518
Olympic Tower Mortgage Trust Series 2017-OT, Class A 3.566%, 05/10/2039 (A)		595,000		640,075
One Bryant Park Trust Series 2019-OBP, Class A 2.516%, 09/15/2054 (A)		1,175,000		1,181,202
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class D 4.534%, 01/05/2043 (A)(F)		385,000		369,089
Verus Securitization Trust Series 2018-1, Class A1 2.929%, 02/25/2048 (A)(F)		281,688		281,678
VNDO Trust Series 2016-350P, Class D 4.033%, 01/10/2035 (A)(F)		749,000		790,334
WaMu Mortgage Pass Through Certificates
Series 2005-AR2, Class 2A2B (1 month LIBOR + 0.380%), 2.525%, 01/25/2045 (D)		223,289		222,703
Series 2005-AR8, Class 2AB2 (1 month LIBOR + 0.840%), 2.985%, 07/25/2045 (D)		244,503		245,984
Worldwide Plaza Trust Series 2017-WWP, Class D 3.715%, 11/10/2036 (A)(F)		645,000		664,578
				20,993,088
U.S. Government Agency – 0.6%
Federal Home Loan Mortgage Corp.
Series 2014-DN2, Class M2 (1 month LIBOR + 1.650%), 3.795%, 04/25/2024 (D)		100,621		100,939
Series 2015-DNA1, Class M2 (1 month LIBOR + 1.850%), 3.995%, 10/25/2027 (D)		203,889		205,215
Series 2017-DNA2, Class M1 (1 month LIBOR + 1.200%), 3.345%, 10/25/2029 (D)		626,363		628,408
Series 2017-DNA3, Class M1 (1 month LIBOR + 0.750%), 2.895%, 03/25/2030 (D)		1,036,370		1,036,469

 

256

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association
Series 2017-C05, Class 1M1 (1 month LIBOR + 0.550%), 2.568%, 01/25/2030 (D)	$	59,711	$	59,698
Series 2019-R04, Class 2M2 (1 month LIBOR + 2.100%), 4.504%, 06/25/2039 (A)(D)		945,000		948,475
				2,979,204
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $23,170,920)			$	23,972,292
ASSET BACKED SECURITIES – 3.5%
American Express Credit Account Master Trust Series 2019-1, Class A 2.972%, 10/15/2024		775,000		794,011
Bravo Mortgage Asset Trust Series 2006-1A, Class A2 (1 month LIBOR + 0.240%) 2.258%, 07/25/2036 (A)(D)		349,847		349,775
Coinstar Funding LLC Series 2017-1A, Class A2 5.216%, 04/25/2047 (A)		767,338		790,253
DB Master Finance LLC
Series 2017-1A, Class A2I 3.629%, 11/20/2047 (A)		510,900		523,182
Series 2019-1A, Class A2I 3.787%, 05/20/2049 (A)		897,750		924,503
Series 2019-1A, Class A2II 4.021%, 05/20/2049 (A)		483,788		501,543
Discover Card Execution Note Trust Series 2019-A1, Class A1 3.040%, 07/15/2024		295,000		302,726
Domino's Pizza Master Issuer LLC
Series 2015-1A, Class A2II 4.474%, 10/25/2045 (A)		875,588		916,600
Series 2017-1A, Class A2I (3 month LIBOR + 1.250%) 4.021%, 07/25/2047 (A)(D)		1,180,900		1,180,912
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (A)		560,175		575,457
FOCUS Brands Funding LLC Series 2017-1A, Class A2II 5.093%, 04/30/2047 (A)		596,275		622,821
GSAA Home Equity Trust Series 2005-MTR1, Class A4 (1 month LIBOR + 0.370%) 2.515%, 10/25/2035 (D)		312,381		313,599
Home Partners of America Trust Series 2018-1, Class D (1 month LIBOR + 1.450%) 3.475%, 07/17/2037 (A)(D)		590,000		585,265
Home Partners of America Trust Series 2019-1, Class B 3.157%, 09/17/2039 (A)		425,000		429,648
Jack In The Box Funding LLC Series 2019-1A, Class A2II 4.476%, 08/25/2049 (A)		595,000		610,845
Mill City Mortgage Loan Trust Series 2018-3, Class A1 3.500%, 08/25/2058 (A)(F)		1,657,564		1,702,866

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (A)	$	536,230	$	552,771
NextGear Floorplan Master Owner Trust Series 2018-2A, Class A2 3.690%, 10/15/2023 (A)		875,000		900,855
Structured Asset Investment Loan Trust Series 2005-2, Class M2 (1 month LIBOR + 0.735%) 2.880%, 03/25/2035 (D)		485,969		486,487
Taco Bell Funding LLC Series 2016-1A, Class A23 4.970%, 05/25/2046 (A)		1,524,900		1,619,108
Towd Point Mortgage Trust
Series 2018-3, Class A1 3.750%, 05/25/2058 (A)(F)		611,236		633,739
Series 2018-4, Class A1 3.000%, 06/25/2058 (A)(F)		377,668		387,101
Series 2019-1, Class A1 3.750%, 03/25/2058 (A)(F)		891,501		934,992
TOTAL ASSET BACKED SECURITIES (Cost $16,102,285)			$	16,639,059
COMMON STOCKS – 1.1%
Communication services – 0.0%
Vertis Holdings, Inc. (G)(H)		8,371		0
Financials – 1.1%
JPMorgan Chase & Co.		12,350		1,453,472
M&T Bank Corp.		7,610		1,202,152
Royal Bank of Canada		15,979		1,296,856
U.S. Bancorp		23,237		1,285,936
				5,238,416
Industrials – 0.0%
HC2 Holdings, Inc. (B)(H)		88,710		208,469
TOTAL COMMON STOCKS (Cost $5,827,605)			$	5,446,885
PREFERRED SECURITIES – 4.2%
Financials – 1.3%
First Tennessee Bank NA (Greater of 3 month LIBOR + 0.850% or 3.750%), 3.750% (A)(D)		2,315		1,689,950
U.S. Bancorp, 5.500% (B)		40,750		1,097,398
U.S. Bancorp (Greater of 3 month LIBOR + 1.020% or 3.500%), 3.500% (D)		1,829		1,527,215
Valley National Bancorp (5.500% to 9-30-22, then 3 month LIBOR + 3.578%)		22,825		589,570
Wells Fargo & Company (5.850% to 9-15-23, then 3 month LIBOR + 3.090%)		27,605		729,324
Zions Bancorp NA (6.950% to 9-15-23, then 3 month LIBOR + 3.890%)		21,167		607,493
				6,240,950
Health care – 0.3%
Becton, Dickinson and Company, 6.125%		24,695		1,528,867
Industrials – 0.5%
Fortive Corp., 5.000%		2,450		2,208,675
Information technology – 0.2%
Broadcom, Inc., 8.000%		995		1,020,259
Real estate – 0.3%
Crown Castle International Corp., 6.875%		1,010		1,276,691

 

257

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Utilities – 1.6%
American Electric Power Company, Inc., 6.125%		32,600	$	1,795,608
Dominion Energy, Inc., 7.250%		25,700		2,717,775
South Jersey Industries, Inc., 7.250%		17,400		899,058
The Southern Company, 6.750%		40,300		2,156,453
				7,568,894
TOTAL PREFERRED SECURITIES (Cost $19,166,555)			$	19,844,336
PURCHASED OPTIONS – 0.1%
Calls – 0.1%
Over the Counter Option on the USD vs. MXN (Expiration Date: 2-20-20; Strike Price: $21.25; Counterparty: Goldman Sachs Bank USA) (H)(I)		6,221,385		70,040
Over the Counter Option on the USD vs. MXN (Expiration Date: 9-11-20; Strike Price: $22.50; Counterparty: Goldman Sachs Bank USA) (H)(I)		6,455,000		142,023
				212,063
TOTAL PURCHASED OPTIONS (Cost $244,489)			$	212,063
SECURITIES LENDING COLLATERAL – 0.5%
John Hancock Collateral Trust, 2.1169% (J)(K)		269,130		2,693,106
TOTAL SECURITIES LENDING COLLATERAL (Cost $2,693,205)			$	2,693,106
SHORT-TERM INVESTMENTS – 1.8%
U.S. Government Agency – 1.6%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	1,187,000		1,187,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		6,572,000		6,572,000
				7,759,000
Repurchase agreement – 0.2%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $752,017 on 10-1-19, collateralized by $750,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $767,348, including interest)		752,000		752,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,511,000)			$	8,511,000
Total Investments (Strategic Income Opportunities Trust) (Cost $473,223,444) – 99.9%			$	479,312,966
Other assets and liabilities, net – 0.1%				581,082
TOTAL NET ASSETS – 100.0%			$	479,894,048

Currency Abbreviations
AUD	Australian Dollar

Strategic Income Opportunities Trust (continued)

BRL	Brazilian Real
CAD	Canadian Dollar
COP	Colombian Peso
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
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.
LIBOR	London Interbank Offered Rate
NIBOR	Norwegian 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.
SOFR	Secured Overnight Financing 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 $147,835,608 or 30.8% of the fund's net assets as of 9-30-19.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $2,636,740.
(C)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(E)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(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.
(J)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	22	Short	Dec 2019	$(2,635,306)	$(2,621,266)	$14,040
Euro-BTP Italian Government Bond Futures	56	Short	Dec 2019	(8,828,866)	(8,901,668)	(72,802)

258

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
FUTURES (continued)

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
U.S. Treasury Long Bond Futures	167	Short	Dec 2019	(27,419,510)	(27,106,188)	$313,322
						$254,560

^ 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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
AUD	6,230,000	CAD	5,599,574	ANZ	2/12/2020	—	$(12,952)
AUD	8,900,000	JPY	650,932,205	CITI	2/12/2020	—	(47,902)
BRL	4,619,055	USD	1,097,423	SSB	2/12/2020	$5,529	—
CAD	1,532,500	NOK	10,362,642	MSCS	2/12/2020	17,835	—
CAD	4,622,500	NOK	31,182,345	SSB	2/12/2020	62,013	—
GBP	3,060,000	USD	3,851,274	HUS	2/12/2020	—	(69,375)
GBP	1,929,630	USD	2,412,023	SSB	2/12/2020	—	(27,165)
JPY	330,389,598	USD	3,090,000	CITI	2/12/2020	—	(5,108)
JPY	655,308,931	USD	6,150,000	HUS	2/12/2020	—	(31,294)
MXN	50,854,797	USD	2,541,251	CITI	2/12/2020	—	(16,301)
MXN	30,433,230	USD	1,530,000	GSI	2/12/2020	—	(18,985)
MXN	20,341,321	USD	1,011,251	SSB	2/12/2020	—	(1,301)
NOK	41,800,916	CAD	6,155,000	GSI	2/12/2020	—	(51,671)
NZD	1,563,229	AUD	1,460,811	ANZ	2/12/2020	—	(8,034)
NZD	1,719,864	AUD	1,607,530	RBC	2/12/2020	—	(9,073)
USD	5,792,819	AUD	8,415,550	ANZ	2/12/2020	91,105	—
USD	6,118,750	AUD	8,900,000	HUS	2/12/2020	88,812	—
USD	2,290,525	BRL	9,405,125	SSB	2/12/2020	44,740	—
USD	17,164,896	CAD	22,519,864	RBC	2/12/2020	137,343	—
USD	1,389,664	EUR	1,241,434	GSI	2/12/2020	22,893	—
USD	713,211	EUR	645,054	HUS	2/12/2020	3,031	—
USD	40,607,421	EUR	36,331,007	MSCS	2/12/2020	608,400	—
USD	3,862,487	EUR	3,480,000	SCB	2/12/2020	31,142	—
USD	362,298	EUR	323,540	SSB	2/12/2020	6,094	—
USD	1,939,596	GBP	1,550,000	CITI	2/12/2020	23,928	—
USD	582,306	GBP	468,560	HUS	2/12/2020	3,205	—
USD	3,080,000	JPY	327,765,900	SCB	2/12/2020	19,606	—
USD	994,152	MXN	19,878,163	CITI	2/12/2020	7,197	—
USD	849,627	MXN	17,027,464	GSI	2/12/2020	4,210	—
USD	5,084,405	MXN	101,114,278	SSB	2/12/2020	64,063	—
USD	7,415,089	NOK	66,147,787	SSB	2/12/2020	132,342	—
USD	3,707,088	NZD	5,735,499	ANZ	2/12/2020	105,236	—
USD	2,119,975	NZD	3,283,093	NAB	2/12/2020	58,216	—
USD	1,139,053	SGD	1,570,647	UBS	2/12/2020	1,056	—
						$1,537,996	$(299,161)

Derivatives Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
SGD	Singapore Dollar
USD	U.S. Dollar

259

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Derivatives Abbreviations
ANZ	Australia and New Zealand Banking Group Limited
CITI	Citibank, N.A.
GSI	Goldman Sachs International
HUS	HSBC Bank USA, N.A.
MSCS	Morgan Stanley Capital Services LLC
NAB	National Australia Bank Ltd.
OTC	Over-the-counter
RBC	Royal Bank of Canada
SCB	Standard Chartered Bank
SSB	State Street Bank and Trust Company
UBS	UBS AG

Total Bond Market Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 64.0%
U.S. Government – 37.0%
U.S. Treasury Bonds
2.750%, 08/15/2047	$	3,000,000	$	3,398,203
2.875%, 05/15/2049		3,500,000		4,085,430
3.000%, 02/15/2047 to 02/15/2049		28,635,000		34,011,150
4.250%, 05/15/2039 to 11/15/2040		4,610,000		6,361,578
4.375%, 05/15/2041		1,830,000		2,588,449
4.625%, 02/15/2040		5,000,000		7,241,992
4.750%, 02/15/2041		2,000,000		2,958,750
7.875%, 02/15/2021		3,400,000		3,679,969
8.125%, 08/15/2021		1,400,000		1,564,992
8.750%, 08/15/2020		5,750,000		6,089,609
U.S. Treasury Notes
1.250%, 01/31/2020 to 08/31/2024		6,000,000		5,928,477
1.375%, 10/31/2020 to 08/31/2026		35,500,000		35,277,950
1.625%, 07/31/2020 to 08/15/2029		24,500,000		24,433,730
1.750%, 07/31/2021 to 07/15/2022		8,000,000		8,019,024
2.000%, 11/15/2021 to 02/15/2022		29,400,000		29,629,442
2.125%, 05/31/2026		3,000,000		3,095,508
2.250%, 02/15/2021 to 11/15/2027		24,595,000		25,571,043
2.375%, 05/15/2029		5,000,000		5,311,133
2.625%, 02/28/2023		3,000,000		3,103,828
2.750%, 04/30/2023		3,500,000		3,642,188
2.875%, 11/30/2023 to 05/15/2028		9,300,000		10,095,649
3.000%, 10/31/2025		2,000,000		2,160,703
3.125%, 05/15/2021		13,100,000		13,388,609
				241,637,406
U.S. Government Agency – 27.0%
Federal Home Loan Bank 5.500%, 07/15/2036		1,690,000		2,468,950
Federal Home Loan Mortgage Corp.
2.375%, 01/13/2022		1,500,000		1,523,509
2.500%, 04/01/2031		1,768,159		1,791,919
2.750%, 06/19/2023		2,000,000		2,081,037
3.000%, 07/01/2032 to 08/01/2046		8,146,826		8,380,776
3.500%, 12/01/2025 to 06/01/2048		10,454,779		10,869,878
4.000%, 02/01/2024 to 09/01/2047		4,426,128		4,653,435
4.225%, (12 month LIBOR + 1.868%), 08/01/2037 (A)		557,046		586,477
4.500%, 05/01/2024 to 11/01/2048		7,962,621		8,442,884
5.000%, 06/01/2023 to 10/01/2040		451,307		496,760
5.225%, (12 month LIBOR + 2.100%), 02/01/2037 (A)		61,898		65,077
5.500%, 02/01/2023 to 01/01/2039		600,532		671,322
6.000%, 10/01/2036 to 10/01/2038		285,257		327,444
6.250%, 07/15/2032		450,000		664,539
6.500%, 01/01/2021 to 08/01/2038		57,033		66,208
6.750%, 09/15/2029		1,200,000		1,726,716
7.000%, 04/01/2029 to 10/01/2038		67,204		78,156

Total Bond Market 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)
7.500%, 09/01/2030 to 03/01/2032	$	7,655	$	8,961
8.000%, 02/01/2030		1,006		1,160
Federal National Mortgage Association
2.125%, 04/24/2026		2,000,000		2,057,387
2.500%, TBA (B)		4,000,000		4,034,213
2.500%, 05/01/2028		944,405		957,775
2.625%, 09/06/2024 (C)		1,000,000		1,047,824
3.000%, TBA (B)		11,400,000		11,571,930
3.000%, 01/01/2027 to 07/01/2046		12,706,351		13,069,210
3.500%, TBA (B)		3,000,000		3,077,311
3.500%, 12/01/2025 to 11/01/2048		20,996,660		21,878,928
3.988%, (6 month LIBOR + 1.413%), 07/01/2034 (A)		137,602		140,792
4.000%, 08/01/2020 to 05/01/2048		19,386,859		20,382,486
4.415%, (12 month LIBOR + 1.584%), 09/01/2037 (A)		80,402		84,081
4.430%, (12 month LIBOR + 1.351%), 01/01/2035 (A)		242,516		250,810
4.500%, 12/01/2020 to 06/01/2041		2,829,113		3,050,954
4.683%, (12 month LIBOR + 1.775%), 04/01/2037 (A)		152,774		160,846
4.712%, (12 month LIBOR + 1.885%), 10/01/2037 (A)		81,161		85,449
4.721%, (1 Year CMT + 2.185%), 05/01/2036 (A)		67,444		71,007
5.000%, 07/01/2020 to 07/01/2039		1,275,040		1,398,682
5.500%, 08/01/2021 to 11/01/2038		771,654		858,189
6.000%, 01/01/2021 to 08/01/2038		552,777		624,565
6.500%, 03/01/2022 to 12/01/2037		149,840		173,284
7.000%, 02/01/2031 to 10/01/2038		50,380		58,892
7.125%, 01/15/2030		209,000		310,535
7.250%, 05/15/2030		1,450,000		2,186,725
7.500%, 09/01/2030 to 08/01/2031		20,709		24,109
8.000%, 08/01/2030 to 09/01/2031		5,093		5,910
8.500%, 09/01/2030		791		923
Government National Mortgage Association
3.000%, TBA (B)		5,000,000		5,135,938
3.000%, 08/15/2043 to 06/20/2047		6,495,589		6,688,582
3.500%, TBA (B)		2,800,000		2,911,303
3.500%, 04/15/2042 to 02/20/2047		13,255,915		13,906,906
4.000%, 11/15/2026 to 01/20/2048		7,503,427		7,922,001
4.500%, 06/15/2023 to 10/20/2048		3,478,701		3,699,289
5.000%, 10/15/2023 to 07/20/2040		1,211,851		1,341,613
5.500%, 08/15/2023 to 09/20/2039		423,658		471,313
6.000%, 07/15/2029 to 10/15/2038		289,459		328,934

 

260

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Government National Mortgage Association (continued)
6.500%, 05/15/2028 to 12/15/2038	$	199,911	$	231,120
7.000%, 08/15/2029 to 05/15/2032		34,168		38,841
7.500%, 09/15/2030 to 01/15/2031		7,041		8,146
8.000%, 04/15/2031		7,365		8,560
Tennessee Valley Authority 3.875%, 02/15/2021		700,000		719,687
				175,880,258
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $398,799,597)			$	417,517,664
FOREIGN GOVERNMENT OBLIGATIONS – 1.6%
Brazil – 0.3%
Federative Republic of Brazil 4.250%, 01/07/2025 (C)		1,612,000		1,698,387
Canada – 0.2%
Province of British Columbia 6.500%, 01/15/2026		490,000		615,612
Province of Quebec
7.125%, 02/09/2024		150,000		182,567
7.500%, 07/15/2023		410,000		492,313
				1,290,492
Chile – 0.1%
Republic of Chile 3.875%, 08/05/2020		510,000		517,395
Colombia – 0.1%
Republic of Colombia 4.375%, 07/12/2021		550,000		569,256
Israel – 0.1%
Government of Israel 5.500%, 09/18/2023		455,000		521,400
Italy – 0.0%
Republic of Italy 6.875%, 09/27/2023		300,000		347,971
Japan – 0.1%
Japan Bank for International Cooperation 2.500%, 05/23/2024		800,000		821,624
Mexico – 0.2%
Government of Mexico 6.050%, 01/11/2040		930,000		1,170,647
Panama – 0.1%
Republic of Panama 6.700%, 01/26/2036		370,000		526,329
Peru – 0.0%
Republic of Peru 6.550%, 03/14/2037 (C)		250,000		365,315
Philippines – 0.2%
Republic of Philippines 4.000%, 01/15/2021		1,000,000		1,021,633
South Africa – 0.1%
Republic of South Africa 5.500%, 03/09/2020		740,000		747,663
Turkey – 0.1%
Republic of Turkey
6.000%, 01/14/2041 (C)		400,000		358,830
6.250%, 09/26/2022		400,000		410,207
				769,037
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $10,047,550)			$	10,367,149

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS – 27.4%
Communication services – 2.7%
Alphabet, Inc. 3.625%, 05/19/2021	$	320,000	$	328,712
America Movil SAB de CV
3.125%, 07/16/2022		500,000		511,590
5.000%, 03/30/2020		61,000		61,788
AT&T, Inc.
3.000%, 02/15/2022		500,000		510,235
4.125%, 02/17/2026		575,000		621,038
4.300%, 12/15/2042		20,000		20,883
4.500%, 03/09/2048		500,000		537,483
4.750%, 05/15/2046		900,000		998,695
4.850%, 07/15/2045		500,000		558,212
5.150%, 03/15/2042		50,000		57,512
6.375%, 03/01/2041		360,000		463,853
7.570%, 02/01/2024		240,000		286,750
7.625%, 04/15/2031		285,000		385,337
Baidu, Inc.
3.000%, 06/30/2020 (C)		250,000		250,945
4.125%, 06/30/2025		250,000		266,070
British Telecommunications PLC 9.625%, 12/15/2030		190,000		289,752
CBS Corp. 4.300%, 02/15/2021		150,000		153,225
Charter Communications Operating LLC
5.050%, 03/30/2029		400,000		447,610
5.375%, 05/01/2047		500,000		544,096
Comcast Corp.
2.350%, 01/15/2027 (C)		455,000		452,880
3.375%, 02/15/2025		600,000		632,885
3.999%, 11/01/2049		500,000		555,709
6.500%, 11/15/2035		255,000		357,214
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		146,000		215,619
Discovery Communications LLC
4.125%, 05/15/2029		900,000		948,094
5.300%, 05/15/2049		400,000		443,221
eBay, Inc. 3.250%, 10/15/2020		250,000		252,317
Grupo Televisa SAB 6.625%, 01/15/2040		220,000		275,176
TCI Communications, Inc. 7.125%, 02/15/2028		110,000		145,401
Telefonica Emisiones SA 7.045%, 06/20/2036		230,000		318,537
Telefonica Europe BV 8.250%, 09/15/2030		350,000		510,156
Time Warner Cable LLC 4.125%, 02/15/2021		60,000		61,079
Time Warner Entertainment Company LP 8.375%, 07/15/2033		525,000		726,374
TWDC Enterprises 18 Corp.
3.150%, 09/17/2025		500,000		531,587
4.125%, 06/01/2044 (C)		500,000		604,291
Verizon Communications, Inc.
4.272%, 01/15/2036		458,000		515,821
4.522%, 09/15/2048		760,000		897,476
4.600%, 04/01/2021 (C)		650,000		674,004
Viacom, Inc. 4.500%, 03/01/2021		120,000		123,620
Vodafone Group PLC
4.375%, 05/30/2028		400,000		441,866
5.250%, 05/30/2048		300,000		347,772
				17,324,885

 

261

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 1.6%
Amazon.com, Inc. 4.050%, 08/22/2047	$	600,000	$	722,182
American Honda Finance Corp.
2.150%, 03/13/2020		250,000		250,056
2.450%, 09/24/2020		470,000		472,312
AutoZone, Inc. 3.250%, 04/15/2025		1,000,000		1,035,679
Brinker International, Inc. 3.875%, 05/15/2023		250,000		252,500
Ford Motor Credit Company LLC
3.096%, 05/04/2023		280,000		274,835
3.336%, 03/18/2021		1,000,000		1,004,642
General Motors Financial Company, Inc.
4.250%, 05/15/2023		280,000		292,387
5.250%, 03/01/2026		650,000		705,715
Hyatt Hotels Corp. 3.375%, 07/15/2023		250,000		258,362
Johnson Controls, Inc. 5.700%, 03/01/2041		150,000		176,113
Lowe's Companies, Inc. 3.375%, 09/15/2025		460,000		483,048
McDonald's Corp. 3.625%, 05/20/2021		250,000		256,383
O'Reilly Automotive, Inc. 4.875%, 01/14/2021		300,000		308,538
Starbucks Corp. 3.550%, 08/15/2029		300,000		324,057
Target Corp. 3.900%, 11/15/2047		500,000		572,788
The Home Depot, Inc.
2.625%, 06/01/2022		400,000		409,262
3.350%, 09/15/2025		752,000		802,853
4.250%, 04/01/2046		390,000		466,613
5.875%, 12/16/2036		280,000		387,413
Toyota Motor Credit Corp. 3.400%, 09/15/2021		320,000		329,435
Whirlpool Corp. 5.150%, 03/01/2043		300,000		326,094
				10,111,267
Consumer staples – 1.5%
Altria Group, Inc. 4.500%, 05/02/2043		500,000		501,830
Anheuser-Busch Companies LLC
3.650%, 02/01/2026		800,000		857,179
4.900%, 02/01/2046		500,000		594,799
Anheuser-Busch InBev Worldwide, Inc.
4.750%, 01/23/2029		500,000		582,253
6.875%, 11/15/2019		460,000		462,414
Conagra Brands, Inc. 9.750%, 03/01/2021		175,000		190,712
Diageo Capital PLC 4.828%, 07/15/2020		95,000		97,087
Edgewell Personal Care Company 4.700%, 05/19/2021		250,000		255,625
Kimberly-Clark Corp. 3.200%, 07/30/2046		300,000		309,289
Kraft Heinz Foods Company
3.000%, 06/01/2026		495,000		489,760
3.950%, 07/15/2025		600,000		628,110
6.875%, 01/26/2039		40,000		49,323
Mondelez International, Inc. 4.625%, 05/07/2048		300,000		347,085
PepsiCo, Inc.
2.850%, 02/24/2026		495,000		515,832
4.000%, 03/05/2042		270,000		311,845

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
PepsiCo, Inc. (continued)
5.500%, 01/15/2040	$	280,000	$	380,494
Philip Morris International, Inc.
3.600%, 11/15/2023		250,000		263,805
4.125%, 05/17/2021		320,000		330,419
Reynolds American, Inc. 3.250%, 11/01/2022		270,000		274,755
SC Johnson & Son, Inc. 4.000%, 05/15/2043 (D)		250,000		272,248
The Coca-Cola Company 3.150%, 11/15/2020 (C)		560,000		567,603
Tyson Foods, Inc. 4.350%, 03/01/2029		400,000		453,539
Walmart, Inc.
3.250%, 07/08/2029		600,000		648,469
4.050%, 06/29/2048		500,000		600,634
				9,985,109
Energy – 2.5%
Anadarko Petroleum Corp. 6.450%, 09/15/2036		280,000		316,394
Apache Corp. 3.625%, 02/01/2021		92,000		93,118
Boardwalk Pipelines LP 4.950%, 12/15/2024		400,000		427,818
BP Capital Markets PLC 2.750%, 05/10/2023		250,000		255,075
Canadian Natural Resources, Ltd. 6.250%, 03/15/2038		290,000		370,484
Cenovus Energy, Inc. 5.700%, 10/15/2019		15,385		15,401
Chevron Corp. 1.961%, 03/03/2020		850,000		850,157
ConocoPhillips Company 4.950%, 03/15/2026		300,000		345,918
Devon Energy Corp. 5.000%, 06/15/2045		885,000		1,025,437
Devon Financing Company LLC 7.875%, 09/30/2031		170,000		241,727
Enbridge, Inc.
3.700%, 07/15/2027 (C)		400,000		422,700
4.500%, 06/10/2044		400,000		438,821
Encana Corp. 6.500%, 08/15/2034		270,000		329,174
Energy Transfer Operating LP
6.125%, 12/15/2045		350,000		410,395
6.500%, 02/01/2042		50,000		59,962
Enterprise Products Operating LLC
4.850%, 08/15/2042		280,000		321,490
6.875%, 03/01/2033		130,000		178,518
EOG Resources, Inc. 4.100%, 02/01/2021		300,000		308,262
Exxon Mobil Corp. 2.397%, 03/06/2022		750,000		761,457
Kinder Morgan Energy Partners LP
4.300%, 05/01/2024		700,000		748,681
6.375%, 03/01/2041		60,000		73,603
6.500%, 09/01/2039		180,000		227,868
Kinder Morgan, Inc. 5.550%, 06/01/2045		375,000		442,530
Marathon Oil Corp. 3.850%, 06/01/2025		500,000		519,925
Noble Holding International, Ltd. 6.050%, 03/01/2041		50,000		21,250
Occidental Petroleum Corp. 4.100%, 02/01/2021 (C)		300,000		305,845

 

262

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
ONEOK Partners LP 6.650%, 10/01/2036	$	268,000	$	333,935
Petrobras Global Finance BV
4.375%, 05/20/2023		365,000		381,425
5.375%, 01/27/2021		400,000		413,400
Petroleos Mexicanos
4.875%, 01/18/2024		500,000		514,375
6.625%, 06/15/2035		230,000		224,768
Phillips 66 Partners LP 3.750%, 03/01/2028		200,000		208,029
Shell International Finance BV
4.375%, 05/11/2045		1,000,000		1,209,166
6.375%, 12/15/2038		90,000		131,449
Southern Natural Gas Company LLC 4.400%, 06/15/2021		250,000		257,416
Suncor Energy, Inc. 5.950%, 05/15/2035		235,000		300,758
Sunoco Logistics Partners Operations LP 3.450%, 01/15/2023		170,000		173,711
The Williams Companies, Inc.
5.100%, 09/15/2045		400,000		438,204
5.250%, 03/15/2020		400,000		405,209
7.875%, 09/01/2021		190,000		209,170
Tosco Corp. 8.125%, 02/15/2030		383,000		554,263
Total Capital SA
4.125%, 01/28/2021		40,000		41,118
4.250%, 12/15/2021		60,000		63,022
TransCanada PipeLines, Ltd. 5.850%, 03/15/2036		405,000		499,536
Valaris PLC 4.700%, 03/15/2021 (C)		360,000		313,200
Valero Energy Corp. 7.500%, 04/15/2032		270,000		367,933
				16,552,097
Financials – 8.0%
AEGON Funding Company LLC 5.750%, 12/15/2020		165,000		172,085
American Express Company 2.650%, 12/02/2022		345,000		350,401
American International Group, Inc.
4.125%, 02/15/2024		550,000		588,616
6.250%, 05/01/2036		430,000		562,125
Bank of America Corp.
2.625%, 10/19/2020		400,000		402,534
3.300%, 01/11/2023		800,000		827,052
4.450%, 03/03/2026		700,000		762,920
7.750%, 05/14/2038		480,000		730,211
Bank of America Corp. (3.004% to 12-20-22, then 3 month LIBOR + 0.790%) 12/20/2023		386,000		394,226
Bank of America Corp. (3.366% to 1-23-25, then 3 month LIBOR + 0.810%) 01/23/2026		1,700,000		1,772,310
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		1,312,000		1,368,962
Bank of America Corp. (3.970% to 3-5-28, then 3 month LIBOR + 1.070%) 03/05/2029		500,000		544,436
Bank of America Corp. (4.443% to 1-20-47, then 3 month LIBOR + 1.990%) 01/20/2048		500,000		596,556
Barclays PLC 4.375%, 01/12/2026		500,000		527,712

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Berkshire Hathaway Finance Corp. 4.250%, 01/15/2021	$	60,000	$	61,790
Berkshire Hathaway, Inc. 3.125%, 03/15/2026		500,000		528,287
Branch Banking & Trust Company 2.850%, 04/01/2021		500,000		505,597
Capital One Bank USA NA 3.375%, 02/15/2023		360,000		371,001
Capital One Financial Corp.
3.200%, 02/05/2025		2,000,000		2,056,708
3.300%, 10/30/2024		1,500,000		1,552,691
Chubb INA Holdings, Inc. 3.350%, 05/03/2026		300,000		320,449
Citigroup, Inc.
2.350%, 08/02/2021		500,000		502,291
2.400%, 02/18/2020		1,500,000		1,501,314
4.450%, 09/29/2027		500,000		545,520
5.500%, 09/13/2025		400,000		453,161
Citigroup, Inc. (4.281% to 4-24-47, then 3 month LIBOR + 1.839%) 04/24/2048		500,000		586,877
Cooperatieve Rabobank UA 4.500%, 01/11/2021		500,000		515,469
Credit Suisse AG 3.000%, 10/29/2021		750,000		763,130
Credit Suisse Group Funding Guernsey, Ltd.
3.450%, 04/16/2021		575,000		584,455
3.750%, 03/26/2025		250,000		262,712
4.550%, 04/17/2026		800,000		880,913
Discover Financial Services 5.200%, 04/27/2022		120,000		128,310
European Investment Bank
2.875%, 09/15/2020		700,000		706,338
3.250%, 01/29/2024		600,000		640,572
GE Capital International Funding Company Unlimited Company 4.418%, 11/15/2035		822,000		862,205
HSBC Holdings PLC
2.950%, 05/25/2021		575,000		580,904
6.500%, 09/15/2037 (C)		660,000		888,711
HSBC USA, Inc. 2.350%, 03/05/2020		1,000,000		1,000,974
Inter-American Development Bank
1.750%, 09/14/2022		600,000		601,794
1.875%, 03/15/2021		1,100,000		1,101,639
7.000%, 06/15/2025		325,000		410,709
Intercontinental Exchange, Inc. 3.100%, 09/15/2027		400,000		418,904
International Bank for Reconstruction & Development 2.125%, 11/01/2020		1,300,000		1,303,833
JPMorgan Chase & Co.
3.300%, 04/01/2026		700,000		733,269
3.375%, 05/01/2023		500,000		517,281
3.875%, 02/01/2024		1,300,000		1,387,125
4.350%, 08/15/2021		710,000		739,258
6.400%, 05/15/2038		125,000		177,174
JPMorgan Chase & Co. (3.509% to 1-23-28, then 3 month LIBOR + 0.945%) 01/23/2029		500,000		528,494
KeyCorp 5.100%, 03/24/2021		250,000		260,427
KfW
2.125%, 01/17/2023		600,000		609,390

 

263

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
KfW (continued)
2.625%, 02/28/2024	$	800,000	$	834,023
Lincoln National Corp. 7.000%, 06/15/2040		150,000		213,931
MetLife, Inc. 4.600%, 05/13/2046		500,000		605,045
Moody's Corp. 5.500%, 09/01/2020		60,000		61,755
Morgan Stanley
2.650%, 01/27/2020		300,000		300,533
2.800%, 06/16/2020		485,000		487,449
3.700%, 10/23/2024		950,000		1,006,420
4.100%, 05/22/2023		750,000		789,774
Morgan Stanley (3.772% to 1-24-28, then 3 month LIBOR + 1.140%) 01/24/2029		550,000		587,801
Northern Trust Corp. 3.450%, 11/04/2020		300,000		304,520
Prudential Financial, Inc. 5.375%, 06/21/2020		280,000		286,486
Raymond James Financial, Inc. 4.950%, 07/15/2046		600,000		717,343
Reinsurance Group of America, Inc. 5.000%, 06/01/2021		50,000		52,250
State Street Corp. 3.100%, 05/15/2023		250,000		258,740
Stifel Financial Corp. 4.250%, 07/18/2024		500,000		526,497
Sumitomo Mitsui Financial Group, Inc. 3.784%, 03/09/2026		550,000		590,161
The Allstate Corp. 3.280%, 12/15/2026		500,000		533,701
The Bank of New York Mellon Corp. 2.450%, 11/27/2020		450,000		452,097
The Bank of Nova Scotia 2.350%, 10/21/2020		400,000		401,270
The Charles Schwab Corp. 3.200%, 01/25/2028		300,000		314,528
The Goldman Sachs Group, Inc.
2.625%, 04/25/2021		600,000		603,629
3.500%, 01/23/2025		750,000		782,498
3.625%, 01/22/2023		500,000		520,193
3.750%, 02/25/2026		500,000		529,008
The Hartford Financial Services Group, Inc. 5.950%, 10/15/2036		170,000		222,246
The Toronto-Dominion Bank 1.800%, 07/13/2021		500,000		498,587
The Travelers Companies, Inc. 4.050%, 03/07/2048		300,000		345,450
Travelers Property Casualty Corp. 7.750%, 04/15/2026		50,000		65,952
U.S. Bancorp 3.000%, 03/15/2022		600,000		614,617
Wells Fargo & Company 5.375%, 02/07/2035		1,500,000		1,919,524
Wells Fargo & Company, Series M 3.450%, 02/13/2023		750,000		774,744
Westpac Banking Corp. 2.000%, 08/19/2021 (C)		600,000		599,305
				51,989,899
Health care – 2.7%
Abbott Laboratories
2.950%, 03/15/2025		300,000		311,366
3.750%, 11/30/2026		283,000		308,370

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
AbbVie, Inc.
2.900%, 11/06/2022	$	500,000	$	509,606
3.200%, 05/14/2026		716,000		729,088
4.400%, 11/06/2042		260,000		268,311
Aetna, Inc. 3.500%, 11/15/2024		200,000		208,410
Agilent Technologies, Inc. 3.875%, 07/15/2023		250,000		262,756
Allergan Funding SCS
3.800%, 03/15/2025		861,000		901,682
4.750%, 03/15/2045		321,000		340,297
Amgen, Inc.
4.400%, 05/01/2045		260,000		292,588
4.663%, 06/15/2051		159,000		185,123
Anthem, Inc.
4.101%, 03/01/2028		350,000		378,102
4.650%, 08/15/2044 (C)		150,000		166,981
Bayer US Finance II LLC 2.850%, 04/15/2025 (D)		300,000		289,028
Becton, Dickinson and Company 3.250%, 11/12/2020		300,000		303,161
Biogen, Inc. 5.200%, 09/15/2045		500,000		593,138
Celgene Corp. 3.875%, 08/15/2025		600,000		647,720
Cigna Holding Company 4.000%, 02/15/2022		280,000		289,546
CVS Health Corp.
3.875%, 07/20/2025		650,000		688,566
4.300%, 03/25/2028		500,000		540,806
CVS Pass-Through Trust 8.353%, 07/10/2031 (D)		73,770		94,497
Express Scripts Holding Company 6.125%, 11/15/2041		330,000		418,790
Gilead Sciences, Inc.
3.650%, 03/01/2026		600,000		642,937
4.500%, 04/01/2021		330,000		340,942
GlaxoSmithKline Capital, Inc. 6.375%, 05/15/2038		210,000		302,071
HCA, Inc.
4.500%, 02/15/2027		500,000		536,187
5.500%, 06/15/2047 (C)		400,000		452,225
Humana, Inc. 3.850%, 10/01/2024		350,000		369,755
Johnson & Johnson 5.850%, 07/15/2038		285,000		405,648
Laboratory Corp. of America Holdings 4.625%, 11/15/2020		280,000		285,557
Life Technologies Corp. 5.000%, 01/15/2021		310,000		319,115
Merck & Company, Inc. 2.750%, 02/10/2025		850,000		880,071
Pfizer, Inc.
2.750%, 06/03/2026		713,000		738,477
4.400%, 05/15/2044		264,000		315,008
Quest Diagnostics, Inc.
4.200%, 06/30/2029		500,000		552,379
4.700%, 03/30/2045		500,000		552,257
Stryker Corp. 4.625%, 03/15/2046		350,000		428,895
Thermo Fisher Scientific, Inc. 4.150%, 02/01/2024		350,000		375,776
UnitedHealth Group, Inc.
4.375%, 03/15/2042		50,000		57,005
4.450%, 12/15/2048		300,000		355,795

 

264

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
UnitedHealth Group, Inc. (continued)
5.800%, 03/15/2036	$	300,000	$	400,163
Zimmer Biomet Holdings, Inc. 3.550%, 04/01/2025		500,000		524,999
				17,563,194
Industrials – 2.3%
3M Company 3.000%, 08/07/2025		330,000		346,171
AerCap Ireland Capital DAC 4.450%, 04/03/2026		400,000		427,455
Air Lease Corp. 3.625%, 12/01/2027 (C)		400,000		412,477
American Airlines 2016-2 Class AA Pass Through Trust 3.200%, 12/15/2029		263,100		269,967
Baker Hughes, a GE Company LLC 3.337%, 12/15/2027		500,000		512,955
Burlington Northern Santa Fe LLC
4.400%, 03/15/2042		50,000		58,460
4.700%, 10/01/2019		250,000		250,000
Canadian Pacific Railway Company 4.450%, 03/15/2023		300,000		321,476
Caterpillar, Inc. 3.400%, 05/15/2024		500,000		528,574
CSX Corp.
3.350%, 11/01/2025		420,000		442,691
3.700%, 10/30/2020		270,000		273,302
Delta Air Lines 2019-1 Class AA Pass Through Trust 3.204%, 10/25/2025		200,000		208,943
Emerson Electric Company
2.625%, 12/01/2021		250,000		252,934
4.875%, 10/15/2019		250,000		250,245
FedEx Corp.
3.875%, 08/01/2042		420,000		406,182
4.400%, 01/15/2047		350,000		358,780
General Electric Company
4.500%, 03/11/2044		500,000		535,610
6.750%, 03/15/2032		66,000		83,014
6.875%, 01/10/2039		168,000		222,360
Ingersoll-Rand Global Holding Company, Ltd. 4.300%, 02/21/2048		600,000		666,344
John Deere Capital Corp. 1.700%, 01/15/2020		550,000		549,275
Lockheed Martin Corp. 3.800%, 03/01/2045		400,000		446,127
Norfolk Southern Corp. 4.837%, 10/01/2041		240,000		288,869
Northrop Grumman Corp.
3.250%, 01/15/2028		300,000		314,918
3.500%, 03/15/2021 (C)		150,000		152,781
Precision Castparts Corp. 3.250%, 06/15/2025		500,000		526,556
Snap-on, Inc. 6.125%, 09/01/2021		310,000		333,027
The Boeing Company
1.650%, 10/30/2020		438,000		435,739
2.600%, 10/30/2025		438,000		445,228
8.750%, 09/15/2031		90,000		139,854
Thomson Reuters Corp. 4.500%, 05/23/2043		250,000		254,968
Union Pacific Corp.
3.250%, 08/15/2025		500,000		521,823
3.799%, 10/01/2051		313,000		336,717

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Union Pacific Corp. (continued)
4.000%, 02/01/2021	$	280,000	$	286,490
4.050%, 11/15/2045		500,000		551,671
4.300%, 03/01/2049		300,000		349,950
United Airlines 2016-2 Class AA Pass Through Trust 2.875%, 04/07/2030		276,212		278,974
United Parcel Service, Inc. 3.400%, 03/15/2029		400,000		427,946
United Technologies Corp.
4.625%, 11/16/2048		500,000		625,708
6.125%, 07/15/2038		225,000		309,622
Verisk Analytics, Inc. 4.125%, 03/15/2029		600,000		661,229
				15,065,412
Information technology – 2.4%
Apple, Inc.
2.400%, 05/03/2023		800,000		812,736
2.450%, 08/04/2026		1,060,000		1,075,832
3.250%, 02/23/2026		500,000		529,932
Applied Materials, Inc.
2.625%, 10/01/2020		470,000		472,702
3.900%, 10/01/2025		470,000		511,915
5.100%, 10/01/2035		470,000		595,961
Automatic Data Processing, Inc. 3.375%, 09/15/2025		752,000		805,483
Cisco Systems, Inc. 5.900%, 02/15/2039		80,000		113,881
Fiserv, Inc. 2.700%, 06/01/2020		250,000		250,666
HP, Inc. 3.750%, 12/01/2020		49,000		49,803
IBM Corp.
3.450%, 02/19/2026 (C)		1,115,000		1,184,928
4.000%, 06/20/2042		210,000		232,204
5.600%, 11/30/2039		21,000		27,764
Intel Corp. 2.700%, 12/15/2022		690,000		707,863
Leidos Holdings, Inc. 4.450%, 12/01/2020		300,000		304,590
Microsoft Corp.
2.000%, 11/03/2020		438,000		438,639
3.125%, 11/03/2025		438,000		465,760
3.750%, 05/01/2043		500,000		570,920
4.250%, 02/06/2047		600,000		744,890
4.450%, 11/03/2045		438,000		553,133
Oracle Corp.
2.400%, 09/15/2023		435,000		440,802
2.650%, 07/15/2026		310,000		316,420
2.950%, 05/15/2025		550,000		572,119
4.125%, 05/15/2045		500,000		566,427
PayPal Holdings, Inc. 2.850%, 10/01/2029		1,000,000		1,003,216
QUALCOMM, Inc. 3.450%, 05/20/2025		500,000		528,566
Visa, Inc.
2.200%, 12/14/2020		463,000		464,779
3.150%, 12/14/2025		463,000		493,665
4.300%, 12/14/2045		463,000		574,135
Xerox Corp. 6.750%, 12/15/2039 (C)		60,000		60,900
				15,470,631
Materials – 0.9%
Eastman Chemical Company 4.650%, 10/15/2044		500,000		543,406

 

265

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Freeport-McMoRan, Inc. 3.875%, 03/15/2023	$	500,000	$	503,750
Huntsman International LLC 4.500%, 05/01/2029		500,000		527,242
International Paper Company 5.000%, 09/15/2035		500,000		581,734
Newmont Goldcorp Corp. 4.875%, 03/15/2042		270,000		318,050
Potash Corp. of Saskatchewan, Inc. 5.625%, 12/01/2040		150,000		177,941
PPG Industries, Inc. 3.600%, 11/15/2020		300,000		304,983
Praxair, Inc. 2.450%, 02/15/2022		240,000		243,135
Rio Tinto Alcan, Inc. 6.125%, 12/15/2033		100,000		135,560
Rio Tinto Finance USA PLC 4.750%, 03/22/2042		270,000		336,476
Rio Tinto Finance USA, Ltd.
3.750%, 06/15/2025		485,000		521,080
5.200%, 11/02/2040		250,000		325,148
Teck Resources, Ltd.
4.500%, 01/15/2021		17,000		17,269
6.250%, 07/15/2041		270,000		300,235
The Dow Chemical Company
4.375%, 11/15/2042		590,000		612,810
9.400%, 05/15/2039		130,000		209,866
Vale Overseas, Ltd. 6.875%, 11/10/2039		350,000		445,816
				6,104,501
Real estate – 0.8%
American Campus Communities Operating Partnership LP 3.625%, 11/15/2027		200,000		210,090
American Tower Corp. 5.000%, 02/15/2024		500,000		552,498
Boston Properties LP 4.125%, 05/15/2021		300,000		308,099
Crown Castle International Corp. 3.700%, 06/15/2026		400,000		423,869
CubeSmart LP 4.000%, 11/15/2025		200,000		211,954
Digital Realty Trust LP 4.450%, 07/15/2028		200,000		221,149
Duke Realty LP 3.250%, 06/30/2026		200,000		207,032
Essex Portfolio LP 5.200%, 03/15/2021		60,000		62,077
HCP, Inc. 3.875%, 08/15/2024		400,000		426,134
Mid-America Apartments LP 3.950%, 03/15/2029		800,000		873,203
Service Properties Trust 4.500%, 03/15/2025		200,000		202,569
Simon Property Group LP
3.375%, 06/15/2027		500,000		527,936
3.500%, 09/01/2025		441,500		467,236
SL Green Operating Partnership LP 3.250%, 10/15/2022		500,000		510,105
Weyerhaeuser Company 4.700%, 03/15/2021		150,000		154,039
				5,357,990
Utilities – 2.0%
AEP Transmission Company LLC 3.750%, 12/01/2047		400,000		436,705

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
American Water Capital Corp. 4.300%, 09/01/2045	$	350,000	$	405,688
Aqua America, Inc. 4.276%, 05/01/2049		500,000		567,646
Berkshire Hathaway Energy Company
4.500%, 02/01/2045		500,000		593,677
6.125%, 04/01/2036		436,000		603,997
CenterPoint Energy Resources Corp. 4.500%, 01/15/2021		246,000		251,737
Dominion Energy, Inc. 3.900%, 10/01/2025		242,000		258,896
Duke Energy Carolinas LLC 6.000%, 01/15/2038		200,000		275,621
Duke Energy Corp.
3.750%, 04/15/2024		500,000		530,128
4.800%, 12/15/2045		500,000		599,797
Entergy Corp. 5.125%, 09/15/2020		310,000		316,279
Eversource Energy 4.250%, 04/01/2029		500,000		558,136
Exelon Corp.
3.400%, 04/15/2026		542,000		566,621
5.150%, 12/01/2020		310,000		318,297
Exelon Generation Company LLC 6.250%, 10/01/2039		160,000		202,340
Florida Power & Light Company 5.650%, 02/01/2037		290,000		389,991
Georgia Power Company 5.950%, 02/01/2039		335,000		416,192
Hydro-Quebec 8.400%, 01/15/2022		250,000		285,004
Indiana Michigan Power Company 6.050%, 03/15/2037		187,000		253,089
NiSource, Inc. 3.950%, 03/30/2048 (C)		400,000		423,495
Oncor Electric Delivery Company LLC 7.500%, 09/01/2038		188,000		303,139
Pacific Gas & Electric Company
3.500%, 10/01/2020 (E)		60,000		60,150
6.050%, 03/01/2034 (E)		454,000		515,290
PacifiCorp 6.000%, 01/15/2039		335,000		469,835
Pennsylvania Electric Company 5.200%, 04/01/2020		300,000		304,388
PPL Capital Funding, Inc. 3.400%, 06/01/2023		250,000		257,322
PPL WEM, Ltd. 5.375%, 05/01/2021 (D)		60,000		61,912
Progress Energy, Inc. 4.400%, 01/15/2021		305,000		312,183
Public Service Company of Colorado 3.600%, 09/15/2042		500,000		537,114
Public Service Electric & Gas Company 3.000%, 05/15/2025 (C)		250,000		261,590
San Diego Gas & Electric Company 6.125%, 09/15/2037		202,000		262,902
Southern California Edison Company 5.350%, 07/15/2035		130,000		153,982
The Southern Company 3.250%, 07/01/2026		572,000		590,969
Virginia Electric & Power Company
3.450%, 09/01/2022		50,000		51,674
8.875%, 11/15/2038		190,000		317,667

 

266

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Xcel Energy, Inc. 3.300%, 06/01/2025	$	400,000	$	417,416
				13,130,869
TOTAL CORPORATE BONDS (Cost $167,137,367)			$	178,655,854
MUNICIPAL BONDS – 0.8%
Bay Area Toll Authority (California) 6.907%, 10/01/2050		50,000		84,428
Illinois State Toll Highway Authority 6.184%, 01/01/2034		150,000		205,746
Maryland State Transportation Authority 5.888%, 07/01/2043		60,000		82,897
Metropolitan Washington Airports Authority Dulles Toll Road 7.462%, 10/01/2046		40,000		67,126
New Jersey Turnpike Authority 7.102%, 01/01/2041		90,000		141,169
New York State Dormitory Authority 5.628%, 03/15/2039		340,000		429,719
New York State Urban Development Corp. 5.770%, 03/15/2039		300,000		372,336
State of California
7.300%, 10/01/2039		400,000		626,064
7.500%, 04/01/2034		80,000		123,286
State of Illinois, GO
5.100%, 06/01/2033 (C)		115,000		124,561
7.350%, 07/01/2035		280,000		341,342
State of Texas 5.517%, 04/01/2039		260,000		359,198
State of Utah
3.539%, 07/01/2025		390,000		411,302
4.554%, 07/01/2024		260,000		276,819
State of Washington 5.481%, 08/01/2039		260,000		347,979
Texas Transportation Commission State Highway Fund 5.178%, 04/01/2030		310,000		381,474
University of California 5.770%, 05/15/2043		320,000		435,267
TOTAL MUNICIPAL BONDS (Cost $3,795,880)			$	4,810,713
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.8%
Commercial and residential – 2.3%
Banc of America Commercial Mortgage Trust Series 2015-UBS7, Class A4 3.705%, 09/15/2048		145,000		155,781
BANK Series 2017-BNK6, Class A4 3.254%, 07/15/2060		2,000,000		2,125,246
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		1,090,000		1,181,016
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR3, Class A3, 2.822%, 10/15/2045		488,940		495,713
Series 2012-CR5, Class A4, 2.771%, 12/10/2045		179,000		182,354
Series 2013-CR8 Class AM, 3.954%, 06/10/2046 (D)(F)		630,000		660,177
Series 2014-CR14, Class A3, 3.955%, 02/10/2047		1,000,000		1,068,762

Total Bond Market 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 2014-CR21, Class A3, 3.528%, 12/10/2047	$	662,749	$	700,436
GS Mortgage Securities Trust
Series 2016-GS4, Class A3, 3.178%, 11/10/2049		3,000,000		3,164,568
Series 2017-GS5, Class A3, 3.409%, 03/10/2050		3,000,000		3,204,786
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class A4 4.133%, 08/15/2046 (F)		400,000		427,487
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C16, Class A4 4.166%, 12/15/2046		500,000		537,504
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C7, Class A4 2.918%, 02/15/2046		240,000		245,107
Morgan Stanley Capital I Trust Series 2011-C1, Class A4 5.033%, 09/15/2047 (D)(F)		167,937		170,936
Wells Fargo Commercial Mortgage Trust Series 2015-C29, Class AS 4.013%, 06/15/2048 (F)		500,000		539,088
				14,858,961
U.S. Government Agency – 0.5%
Federal Home Loan Mortgage Corp.
Series K005, Class A2, 4.317%, 11/25/2019		250,937		250,532
Series K013, Class A2, 3.974%, 01/25/2021 (F)		700,000		714,176
Series K041, Class A2, 3.171%, 10/25/2024		700,000		737,226
Series K047, Class A2, 3.329%, 05/25/2025 (F)		700,000		747,012
Series K050, Class A2, 3.334%, 08/25/2025 (F)		700,000		748,176
Series K712, Class A2, 1.869%, 11/25/2019		203,975		203,649
				3,400,771
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $18,047,269)			$	18,259,732
SECURITIES LENDING COLLATERAL – 1.3%
John Hancock Collateral Trust, 2.1169% (G)(H)		860,651		8,612,272
TOTAL SECURITIES LENDING COLLATERAL (Cost $8,612,388)			$	8,612,272

 

267

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 7.1%
Money market funds – 7.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (G)	46,429,152	$	46,429,152
TOTAL SHORT-TERM INVESTMENTS (Cost $46,429,152)		$	46,429,152
Total Investments (Total Bond Market Trust) (Cost $652,869,203) – 105.0%		$	684,652,536
Other assets and liabilities, net – (5.0%)			(32,541,757)
TOTAL NET ASSETS – 100.0%		$	652,110,779

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)	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)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $8,408,160.
(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)	Non-income producing - Issuer is in default.
(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 9-30-19.
(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.

Total Stock Market Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.8%
Communication services – 9.8%
Diversified telecommunication services – 1.8%
AT&T, Inc.	169,300	$	6,406,312
ATN International, Inc.	316		18,445
Bandwidth, Inc., Class A (A)	540		35,159
CenturyLink, Inc.	25,259		315,232
Cincinnati Bell, Inc. (A)	1,374		6,966
Cogent Communications Holdings, Inc.	1,087		59,894
Consolidated Communications Holdings, Inc.	1,962		9,339
Frontier Communications Corp. (A)(B)	2,191		1,900
GCI Liberty, Inc., Class A (A)	2,438		151,327
Globalstar, Inc. (A)	33,131		13,706
IDT Corp., Class B (A)	667		7,024
Iridium Communications, Inc. (A)	3,037		64,627
Ooma, Inc. (A)	727		7,561
ORBCOMM, Inc. (A)	2,046		9,739
Pareteum Corp. (A)	2,624		3,385
Verizon Communications, Inc.	95,954		5,791,783
Vonage Holdings Corp. (A)	5,496		62,105
Windstream Holdings, Inc. (A)	1,087		228

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Zayo Group Holdings, Inc. (A)	5,475	$	185,603
			13,150,335
Entertainment – 1.5%
Activision Blizzard, Inc.	17,772		940,494
AMC Entertainment Holdings, Inc., Class A (B)	2,363		25,284
Cinemark Holdings, Inc.	2,603		100,580
Electronic Arts, Inc. (A)	6,895		674,469
Gaia, Inc. (A)(B)	625		4,084
Global Eagle Entertainment, Inc. (A)	2,583		1,865
Glu Mobile, Inc. (A)	3,676		18,343
Liberty Media Corp.-Liberty Braves, Class A (A)	1,295		36,040
Liberty Media Corp.-Liberty Formula One, Series A (A)	5,363		212,321
Lions Gate Entertainment Corp., Class B (A)	5,304		46,357
Live Nation Entertainment, Inc. (A)	4,877		323,540
LiveXLive Media, Inc. (A)(B)	1,119		2,244
Netflix, Inc. (A)	10,147		2,715,540
Reading International, Inc., Class A (A)	725		8,671
Rosetta Stone, Inc. (A)	455		7,917
Sciplay Corp., Class A (A)	2,899		31,019
Take-Two Interactive Software, Inc. (A)	2,610		327,137
The Madison Square Garden Company, Class A (A)	561		147,835
The Marcus Corp.	791		29,275
The Walt Disney Company	41,755		5,441,512
Viacom, Inc., Class B	9,347		224,608
World Wrestling Entertainment, Inc., Class A (B)	1,782		126,789
Zynga, Inc., Class A (A)	21,673		126,137
			11,572,061
Interactive media and services – 4.6%
Actua Corp. (A)(C)	909		300
Alphabet, Inc., Class C (A)	16,111		19,639,309
ANGI Homeservices, Inc., Class A (A)(B)	11,863		84,049
Care.com, Inc. (A)	813		8,496
CarGurus, Inc. (A)(B)	2,537		78,520
Cars.com, Inc. (A)	1,689		15,167
DHI Group, Inc. (A)	1,091		4,200
Eventbrite, Inc., Class A (A)	2,030		35,951
EverQuote, Inc., Class A (A)	605		12,911
Facebook, Inc., Class A (A)	66,244		11,796,732
InterActiveCorp (A)	1,944		423,734
Liberty TripAdvisor Holdings, Inc., Class A (A)	1,370		12,892
Match Group, Inc. (B)	6,526		466,217
Pinterest, Inc., Class A (A)(B)	12,554		332,053
QuinStreet, Inc. (A)	1,259		15,851
Snap, Inc., Class A (A)(B)	24,732		390,766
The Meet Group, Inc. (A)	2,247		7,359
Travelzoo (A)	515		5,505
TripAdvisor, Inc. (A)	2,859		110,586
TrueCar, Inc. (A)	2,691		9,149
Twitter, Inc. (A)	17,840		735,008
Yelp, Inc. (A)	1,801		62,585
Zillow Group, Inc., Class C (A)(B)	4,748		141,585
			34,388,925
Media – 1.6%
Altice USA, Inc., Class A (A)	15,669		449,387
AMC Networks, Inc., Class A (A)	1,354		66,563
Beasley Broadcast Group, Inc., Class A	797		2,471

 

268

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Boston Omaha Corp., Class A (A)	528	$	10,470
Cable One, Inc.	132		165,620
Cardlytics, Inc. (A)	535		17,933
CBS Corp., Class B	8,681		350,452
Charter Communications, Inc., Class A (A)	5,220		2,151,266
Clear Channel Outdoor Holdings, Inc. (A)	7,644		19,263
Comcast Corp., Class A	105,287		4,746,338
comScore, Inc. (A)	1,582		3,022
Discovery, Inc., Series A (A)(B)	12,148		323,501
Discovery, Inc., Series C (A)	23		566
DISH Network Corp., Class A (A)	11,406		388,602
Emerald Expositions Events, Inc.	1,991		19,372
Entercom Communications Corp., Class A	3,337		11,146
Entravision Communications Corp., Class A	2,537		8,068
Fox Corp., Class A	14,406		454,293
Gannett Company, Inc.	2,389		25,658
Gray Television, Inc. (A)	2,412		39,364
Hemisphere Media Group, Inc. (A)	614		7,503
John Wiley & Sons, Inc., Class A	1,378		60,549
Lee Enterprises, Inc. (A)	44		90
Liberty Broadband Corp., Series A (A)	4,209		439,925
Liberty Media Corp.-Liberty SiriusXM, Series A (A)	7,359		305,914
Loral Space & Communications, Inc. (A)	594		24,592
Marchex, Inc., Class B (A)	198		622
Media General, Inc. (A)(C)	3,256		313
Meredith Corp.	1,079		39,556
MSG Networks, Inc., Class A (A)(B)	1,826		29,618
National CineMedia, Inc.	1,815		14,883
New Media Investment Group, Inc. (B)	1,502		13,233
News Corp., Class A	13,436		187,029
Nexstar Media Group, Inc., Class A	1,069		109,369
Omnicom Group, Inc.	5,105		399,722
Saga Communications, Inc., Class A	170		5,058
Salem Media Group, Inc.	1,184		1,812
Scholastic Corp.	809		30,548
Sinclair Broadcast Group, Inc., Class A	2,120		90,609
Sirius XM Holdings, Inc. (B)	106,976		669,135
TechTarget, Inc. (A)	758		17,074
TEGNA, Inc.	4,820		74,855
The EW Scripps Company, Class A	1,766		23,452
The Interpublic Group of Companies, Inc.	8,845		190,698
The New York Times Company, Class A (B)	3,800		108,224
Townsquare Media, Inc., Class A	744		5,230
Tremor International, Ltd. (A)	81		134
WideOpenWest, Inc. (A)	1,455		8,963
			12,112,065
Wireless telecommunication services – 0.3%
Boingo Wireless, Inc. (A)	1,089		12,088
Gogo, Inc. (A)(B)	2,408		14,520
NII Holdings, Inc. (A)	1,526		2,991
Shenandoah Telecommunications Company	1,143		36,313
Spok Holdings, Inc.	544		6,495
Sprint Corp. (A)	94,992		586,101
Telephone & Data Systems, Inc.	2,724		70,279
T-Mobile US, Inc. (A)	19,829		1,561,930

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services (continued)
United States Cellular Corp. (A)	2,002	$	75,235
			2,365,952
			73,589,338
Consumer discretionary – 10.4%
Auto components – 0.2%
ADOMANI, Inc. (A)	1,883		168
American Axle & Manufacturing Holdings, Inc. (A)	2,564		21,076
Autoliv, Inc. (B)	2,058		162,335
BorgWarner, Inc.	4,873		178,742
Cooper Tire & Rubber Company	1,198		31,292
Dana, Inc.	3,279		47,349
Dorman Products, Inc. (A)	743		59,098
Fox Factory Holding Corp. (A)	887		55,207
Gentex Corp.	6,050		166,587
Gentherm, Inc. (A)	792		32,539
Horizon Global Corp. (A)	693		2,647
LCI Industries	621		57,039
Lear Corp.	1,460		172,134
Modine Manufacturing Company (A)	1,377		15,656
Motorcar Parts of America, Inc. (A)	518		8,754
Shiloh Industries, Inc. (A)	768		3,180
Standard Motor Products, Inc.	472		22,916
Stoneridge, Inc. (A)	780		24,157
Strattec Security Corp.	18		360
Superior Industries International, Inc.	698		2,017
Tenneco, Inc., Class A	1,320		16,526
The Goodyear Tire & Rubber Company	5,226		75,281
Veoneer, Inc. (A)	2,640		39,574
Visteon Corp. (A)	677		55,880
			1,250,514
Automobiles – 0.4%
Ford Motor Company	92,526		847,538
General Motors Company	32,874		1,232,118
Harley-Davidson, Inc.	3,666		131,866
Tesla, Inc. (A)(B)	4,053		976,246
Thor Industries, Inc.	1,301		73,689
Winnebago Industries, Inc.	650		24,928
			3,286,385
Distributors – 0.1%
Core-Mark Holding Company, Inc.	1,074		34,492
Funko, Inc., Class A (A)	1,206		24,813
Genuine Parts Company	3,402		338,805
Greenlane Holdings, Inc., Class A (A)(B)	2,197		7,448
LKQ Corp. (A)	7,309		229,868
Pool Corp.	920		185,564
Weyco Group, Inc.	306		6,919
			827,909
Diversified consumer services – 0.2%
Adtalem Global Education, Inc. (A)	1,362		51,879
American Public Education, Inc. (A)	452		10,098
Bright Horizons Family Solutions, Inc. (A)	1,342		204,655
Career Education Corp. (A)	1,522		24,185
Carriage Services, Inc.	454		9,280
Chegg, Inc. (A)	2,706		81,045
Collectors Universe, Inc.	319		9,085
frontdoor, Inc. (A)	1,969		95,634
Graham Holdings Company, Class B	125		82,931
Grand Canyon Education, Inc. (A)	1,098		107,824
H&R Block, Inc.	4,618		109,077
Houghton Mifflin Harcourt Company (A)	3,437		18,319
ITT Educational Services, Inc. (A)	608		1

 

269

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
K12, Inc. (A)	857	$	22,625
Laureate Education, Inc., Class A  (A)	5,181		85,875
Regis Corp. (A)	880		17,794
Select Interior Concepts, Inc., Class A (A)	677		8,781
Service Corp. International	4,171		199,416
ServiceMaster Global Holdings, Inc. (A)	3,154		176,309
Sotheby's (A)	1,087		61,937
StoneMor Partners LP (A)	1,314		1,459
Strategic Education, Inc.	503		68,348
WW International, Inc. (A)	1,634		61,798
Zovio, Inc. (A)	803		1,582
			1,509,937
Hotels, restaurants and leisure – 2.2%
Ambassadors Group, Inc. (A)(C)	714		29
Aramark	5,713		248,973
BBX Capital Corp.	2,172		10,143
Biglari Holdings, Inc., Class A (A)	5		2,806
Biglari Holdings, Inc., Class B (A)	58		6,322
BJ's Restaurants, Inc.	458		17,789
Bloomin' Brands, Inc.	2,203		41,703
Bluegreen Vacations Corp.	1,967		18,332
Boyd Gaming Corp.	2,565		61,432
Brinker International, Inc.	811		34,605
Caesars Entertainment Corp. (A)	15,611		182,024
Carnival Corp.	12,205		533,481
Carrols Restaurant Group, Inc. (A)	1,021		8,464
Cedar Fair LP	1,361		79,428
Century Casinos, Inc. (A)	941		7,274
Chipotle Mexican Grill, Inc. (A)	643		540,422
Choice Hotels International, Inc.	1,280		113,869
Churchill Downs, Inc.	933		115,184
Chuy's Holdings, Inc. (A)	463		11,464
Cracker Barrel Old Country Store, Inc.	560		91,084
Darden Restaurants, Inc.	2,830		334,563
Dave & Buster's Entertainment, Inc.	768		29,914
Denny's Corp. (A)	1,378		31,370
Dine Brands Global, Inc.	404		30,647
Domino's Pizza, Inc.	952		232,850
Drive Shack, Inc. (A)	2,101		9,055
Dunkin' Brands Group, Inc.	1,886		149,673
El Pollo Loco Holdings, Inc. (A)	1,113		12,198
Empire Resorts, Inc. (A)(B)	878		8,455
Everi Holdings, Inc. (A)	1,863		15,761
Extended Stay America, Inc.	4,340		63,538
Fiesta Restaurant Group, Inc. (A)	753		7,846
Golden Entertainment, Inc. (A)	617		8,200
Hilton Grand Vacations, Inc.  (A)	2,098		67,136
Hilton Worldwide Holdings, Inc.	6,743		627,841
Hyatt Hotels Corp., Class A	2,428		178,871
Inspired Entertainment, Inc. (A)	637		4,580
International Speedway Corp., Class A	1,065		47,936
J Alexander's Holdings, Inc. (A)	46		539
Jack in the Box, Inc.	634		57,770
Las Vegas Sands Corp.	17,927		1,035,464
Marriott International, Inc., Class A	7,722		960,385
Marriott Vacations Worldwide Corp.	1,026		106,304
McDonald's Corp.	17,710		3,802,514
MGM Resorts International	12,588		348,939
Monarch Casino & Resort, Inc. (A)	484		20,178
Nathan's Famous, Inc.	120		8,622
Noodles & Company (A)	1,450		8,207
Norwegian Cruise Line Holdings, Ltd. (A)	4,984		258,022
Papa John's International, Inc. (B)	696		36,436

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Penn National Gaming, Inc. (A)	2,539	$	47,289
Planet Fitness, Inc., Class A (A)	2,156		124,768
PlayAGS, Inc. (A)	812		8,347
Potbelly Corp. (A)	696		3,035
RCI Hospitality Holdings, Inc.	282		5,832
Red Lion Hotels Corp. (A)	891		5,774
Red Robin Gourmet Burgers, Inc. (A)	348		11,574
Red Rock Resorts, Inc., Class A	2,595		52,691
Restaurant Brands International LP	82		5,823
Royal Caribbean Cruises, Ltd.	4,857		526,159
Ruth's Hospitality Group, Inc.	825		16,842
Scientific Games Corp. (A)	2,295		46,703
SeaWorld Entertainment, Inc. (A)	2,060		54,219
Shake Shack, Inc., Class A (A)	865		84,805
Six Flags Entertainment Corp.	2,011		102,139
Starbucks Corp.	28,103		2,484,867
Target Hospitality Corp. (A)	2,427		16,528
Texas Roadhouse, Inc.	1,683		88,391
The Cheesecake Factory, Inc.	1,116		46,515
The Habit Restaurants, Inc., Class A (A)	714		6,240
The Wendy's Company	5,349		106,873
Town Sports International Holdings, Inc. (A)	1,108		1,817
Twin River Worldwide Holdings, Inc.	930		21,232
Vail Resorts, Inc.	931		211,858
Wingstop, Inc.	725		63,278
Wyndham Destinations, Inc.	2,160		99,403
Wyndham Hotels & Resorts, Inc.	2,260		116,932
Wynn Resorts, Ltd.	2,497		271,474
Yum! Brands, Inc.	7,095		804,786
			16,064,836
Household durables – 0.5%
Bassett Furniture Industries, Inc.	298		4,559
Beazer Homes USA, Inc. (A)	924		13,768
Cavco Industries, Inc. (A)	196		37,650
Century Communities, Inc. (A)	749		22,942
CSS Industries, Inc.	262		1,040
D.R. Horton, Inc.	8,639		455,362
Ethan Allen Interiors, Inc.	740		14,134
Flexsteel Industries, Inc.	230		3,409
GoPro, Inc., Class A (A)	3,979		20,631
Green Brick Partners, Inc. (A)	1,360		14,552
Hamilton Beach Brands Holding Company, Class A	354		5,724
Hamilton Beach Brands Holding Company, Class B	241		3,897
Helen of Troy, Ltd. (A)	581		91,600
Hooker Furniture Corp.	321		6,882
Hovnanian Enterprises, Inc., Class A (A)	167		3,215
Installed Building Products, Inc. (A)	701		40,195
iRobot Corp. (A)	655		40,394
KB Home	1,995		67,830
La-Z-Boy, Inc.	1,067		35,841
Legacy Housing Corp. (A)	596		9,655
Leggett & Platt, Inc.	3,109		127,282
Lennar Corp., A Shares	7,354		410,721
Lennar Corp., B Shares	177		7,853
Libbey, Inc. (A)	811		2,717
Lifetime Brands, Inc.	408		3,611
M/I Homes, Inc. (A)	682		25,677
MDC Holdings, Inc.	1,378		59,392
Meritage Homes Corp. (A)	803		56,491
Mohawk Industries, Inc. (A)	1,680		208,438
Newell Brands, Inc.	9,866		184,692
NVR, Inc. (A)	83		308,540

 

270

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
PulteGroup, Inc.	6,321	$	231,033
Roku, Inc. (A)	2,634		268,036
Skyline Champion Corp. (A)	1,329		39,990
Sonos, Inc. (A)	2,491		33,404
Taylor Morrison Home Corp. (A)	2,465		63,942
Tempur Sealy International, Inc. (A)	1,257		97,040
The Lovesac Company (A)	354		6,609
The New Home Company, Inc. (A)	680		2,965
Toll Brothers, Inc.	3,251		133,454
TopBuild Corp. (A)	765		73,769
TRI Pointe Group, Inc. (A)	3,121		46,940
Tupperware Brands Corp.	1,242		19,711
Universal Electronics, Inc. (A)	411		20,920
VOXX International Corp. (A)	1,157		5,438
Whirlpool Corp.	1,463		231,681
William Lyon Homes, Class A (A)	866		17,632
ZAGG, Inc. (A)	759		4,759
			3,586,017
Internet and direct marketing retail – 3.2%
1-800-Flowers.com, Inc., Class A (A)	1,416		20,950
Amazon.com, Inc. (A)	11,426		19,834,508
Blue Apron Holdings, Inc., Class A (A)(B)	348		2,934
Booking Holdings, Inc. (A)	1,005		1,972,423
Chewy, Inc., Class A (A)	9,267		227,783
Duluth Holdings, Inc., Class B (A)	791		6,708
eBay, Inc.	20,231		788,604
Etsy, Inc. (A)	2,794		157,861
Expedia Group, Inc.	3,934		528,769
Groupon, Inc. (A)	13,736		36,538
GrubHub, Inc. (A)	2,159		121,357
Lands' End, Inc. (A)	910		10,324
Leaf Group, Ltd. (A)	817		3,431
Liquidity Services, Inc. (A)	1,292		9,561
Overstock.com, Inc. (A)	682		7,222
PetMed Express, Inc.	556		10,019
Quotient Technology, Inc. (A)	1,851		14,475
Qurate Retail, Inc., Series A (A)	9,970		102,841
Remark Holdings, Inc. (A)	795		831
Revolve Group, Inc. (A)(B)	1,584		37,018
Shutterstock, Inc. (A)	760		27,451
Stamps.com, Inc. (A)	429		31,939
Stitch Fix, Inc., Class A (A)(B)	2,203		42,408
The RealReal, Inc. (A)(B)	1,930		43,155
The Rubicon Project, Inc. (A)	1,160		10,104
Wayfair, Inc., Class A (A)	2,110		236,573
			24,285,787
Leisure products – 0.1%
Acushnet Holdings Corp.	1,758		46,411
American Outdoor Brands Corp. (A)	1,471		8,605
Brunswick Corp.	2,000		104,240
Callaway Golf Company	2,147		41,673
Clarus Corp.	524		6,144
Escalade, Inc.	562		6,120
Hasbro, Inc.	2,918		346,337
Johnson Outdoors, Inc., Class A	271		15,870
Malibu Boats, Inc., Class A (A)	547		16,782
Marine Products Corp.	951		13,466
MasterCraft Boat Holdings, Inc. (A)	506		7,552
Mattel, Inc. (A)(B)	7,818		89,047
Nautilus, Inc. (A)	835		1,127
Polaris, Inc.	1,394		122,686
Sturm Ruger & Company, Inc.	342		14,282
Vista Outdoor, Inc. (A)	1,584		9,805

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
YETI Holdings, Inc. (A)(B)	1,957	$	54,796
			904,943
Multiline retail – 0.5%
Big Lots, Inc.	1,051		25,750
Dillard's, Inc., Class A (B)	573		37,881
Dollar General Corp.	5,990		952,051
Dollar Tree, Inc. (A)	5,513		629,364
Fred's, Inc., Class A (A)	1,436		45
J.C. Penney Company, Inc. (A)(B)	8,635		7,676
Kohl's Corp.	3,783		187,864
Macy's, Inc.	7,191		111,748
Nordstrom, Inc.	3,578		120,471
Ollie's Bargain Outlet Holdings, Inc. (A)	1,442		84,559
Sears Holdings Corp. (A)	3,034		789
Target Corp.	11,886		1,270,732
			3,428,930
Specialty retail – 2.2%
Aaron's, Inc.	1,578		101,402
Abercrombie & Fitch Company, Class A	1,439		22,448
Advance Auto Parts, Inc.	1,661		274,729
American Eagle Outfitters, Inc.	3,979		64,539
America's Car-Mart, Inc. (A)	119		10,912
Asbury Automotive Group, Inc. (A)	460		47,072
Ascena Retail Group, Inc. (A)	5,700		1,505
At Home Group, Inc. (A)(B)	1,458		14,026
AutoNation, Inc. (A)	2,046		103,732
AutoZone, Inc. (A)	570		618,233
Barnes & Noble Education, Inc. (A)	1,290		4,025
Bed Bath & Beyond, Inc. (B)	3,074		32,707
Best Buy Company, Inc.	6,211		428,497
Big 5 Sporting Goods Corp.	98		204
Boot Barn Holdings, Inc. (A)	671		23,418
Burlington Stores, Inc. (A)	1,538		307,323
Caleres, Inc.	1,169		27,366
Camping World Holdings, Inc., Class A (B)	2,166		19,277
CarMax, Inc. (A)	3,853		339,064
Carvana Company (A)(B)	3,383		223,278
Chico's FAS, Inc.	3,502		14,113
Citi Trends, Inc.	385		7,046
Conn's, Inc. (A)	845		21,007
Designer Brands, Inc., Class A	1,858		31,809
Dick's Sporting Goods, Inc.	2,119		86,476
Express, Inc. (A)	2,151		7,399
Five Below, Inc. (A)	1,324		166,956
Floor & Decor Holdings, Inc., Class A (A)	2,233		114,218
Foot Locker, Inc.	2,539		109,583
Francesca's Holdings Corp. (A)	93		1,301
GameStop Corp., Class A (B)	2,745		15,152
Genesco, Inc. (A)	352		14,087
GNC Holdings, Inc., Class A (A)(B)	1,935		4,141
Group 1 Automotive, Inc.	447		41,263
Guess?, Inc.	1,492		27,647
Haverty Furniture Companies, Inc.	576		11,676
Hibbett Sports, Inc. (A)	587		13,442
Hudson, Ltd., Class A (A)	2,125		26,074
J. Jill, Inc. (B)	590		1,121
Kirkland's, Inc. (A)	654		1,007
L Brands, Inc.	6,245		122,340
Lithia Motors, Inc., Class A	533		70,559
Lowe's Companies, Inc.	18,163		1,997,203
Lumber Liquidators Holdings, Inc. (A)	773		7,630
MarineMax, Inc. (A)	639		9,892
Monro, Inc.	769		60,759

 

271

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Murphy USA, Inc. (A)	757	$	64,572
National Vision Holdings, Inc. (A)	1,884		45,348
Office Depot, Inc.	14,200		24,921
O'Reilly Automotive, Inc. (A)	1,815		723,296
Party City Holdco, Inc. (A)	2,586		14,766
Penske Automotive Group, Inc.	1,868		88,319
Pier 1 Imports, Inc. (A)(B)	115		1,118
Rent-A-Center, Inc.	1,196		30,845
RH (A)	426		72,774
Ross Stores, Inc.	8,527		936,691
RTW RetailWinds, Inc.  (A)	1,113		1,525
Sally Beauty Holdings, Inc. (A)	2,812		41,871
Shoe Carnival, Inc.	473		15,330
Signet Jewelers, Ltd.	1,290		21,620
Sleep Number Corp. (A)	684		28,263
Sonic Automotive, Inc., Class A	881		27,672
Sportsman's Warehouse Holdings, Inc. (A)	611		3,165
Tailored Brands, Inc. (B)	1,359		5,980
The Buckle, Inc.	978		20,147
The Cato Corp., Class A	707		12,450
The Children's Place, Inc.	337		25,946
The Container Store Group, Inc. (A)	718		3,174
The Gap, Inc.	8,933		155,077
The Home Depot, Inc.	25,527		5,922,775
The Michaels Companies, Inc. (A)	3,157		30,907
The TJX Companies, Inc.	28,133		1,568,133
Tiffany & Company	2,804		259,735
Tile Shop Holdings, Inc.	1,453		4,635
Tilly's, Inc., Class A	745		7,033
Tractor Supply Company	2,799		253,142
TravelCenters of America, Inc. (A)	316		3,877
Ulta Beauty, Inc. (A)	1,356		339,881
Urban Outfitters, Inc. (A)	2,306		64,776
Williams-Sonoma, Inc.	1,794		121,956
Winmark Corp.	75		13,229
Zumiez, Inc. (A)	690		21,856
			16,624,463
Textiles, apparel and luxury goods – 0.8%
Carter's, Inc.	1,081		98,598
Centric Brands, Inc. (A)	2,757		6,920
Columbia Sportswear Company	1,628		157,737
Crocs, Inc. (A)	1,766		49,024
Culp, Inc.	350		5,705
Deckers Outdoor Corp. (A)	669		98,584
Delta Apparel, Inc. (A)	6		143
Fossil Group, Inc. (A)	1,362		17,039
G-III Apparel Group, Ltd. (A)	1,052		27,110
Hanesbrands, Inc.	8,305		127,233
Iconix Brand Group, Inc. (A)	168		299
Kontoor Brands, Inc.	1,340		47,034
Levi Strauss & Company, Class A (A)(B)	9,097		173,207
Movado Group, Inc.	609		15,140
NIKE, Inc., Class B	36,474		3,425,638
Oxford Industries, Inc.	352		25,238
PVH Corp.	1,722		151,932
Ralph Lauren Corp.	1,811		172,896
Rocky Brands, Inc.	261		8,673
Skechers U.S.A., Inc., Class A (A)	3,654		136,477
Steven Madden, Ltd.	1,966		70,363
Superior Group of Companies, Inc.	424		6,835
Tapestry, Inc.	6,838		178,130
Under Armour, Inc., Class A (A)	10,477		208,911
Unifi, Inc. (A)	506		11,092
Vera Bradley, Inc. (A)	1,019		10,292

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
VF Corp.	9,220	$	820,488
Wolverine World Wide, Inc.	1,933		54,627
			6,105,365
			77,875,086
Consumer staples – 7.5%
Beverages – 1.8%
Brown-Forman Corp., Class B	11,082		695,728
Castle Brands, Inc. (A)	6,010		7,573
Celsius Holdings, Inc. (A)	1,510		5,247
Coca-Cola Consolidated, Inc.	219		66,548
Constellation Brands, Inc., Class A	4,429		918,043
Craft Brew Alliance, Inc. (A)	540		4,423
Crimson Wine Group, Ltd. (A)	725		5,474
Keurig Dr. Pepper, Inc.	32,654		892,107
MGP Ingredients, Inc. (B)	345		17,140
Molson Coors Brewing Company, Class B	5,069		291,468
Monster Beverage Corp. (A)	12,619		732,659
National Beverage Corp. (B)	1,008		44,715
New Age Beverages Corp. (A)(B)	1,610		4,444
PepsiCo, Inc.	32,523		4,458,903
Primo Water Corp. (A)	834		10,242
The Boston Beer Company, Inc., Class A (A)	267		97,209
The Coca-Cola Company	98,986		5,388,798
			13,640,721
Food and staples retailing – 1.9%
BJ's Wholesale Club Holdings, Inc. (A)	3,237		83,741
Casey's General Stores, Inc.	852		137,308
Costco Wholesale Corp.	10,207		2,940,739
Grocery Outlet Holding Corp. (A)	1,997		69,256
HF Foods Group, Inc. (A)	524		8,934
Ifresh, Inc. (A)(B)	582		1,077
Ingles Markets, Inc., Class A	577		22,422
Natural Grocers by Vitamin Cottage, Inc. (A)	867		8,661
Performance Food Group Company (A)	2,414		111,068
PriceSmart, Inc.	748		53,183
Rite Aid Corp. (A)(B)	1,260		8,757
SpartanNash Company	1,037		12,268
Sprouts Farmers Market, Inc. (A)	2,631		50,884
Sysco Corp.	11,926		946,924
The Andersons, Inc.	795		17,832
The Chefs' Warehouse, Inc. (A)	728		29,353
The Kroger Company	18,738		483,066
United Natural Foods, Inc. (A)	1,210		13,939
US Foods Holding Corp. (A)	5,161		212,117
Village Super Market, Inc., Class A	426		11,268
Walgreens Boots Alliance, Inc.	21,210		1,173,125
Walmart, Inc.	66,533		7,896,136
Weis Markets, Inc.	558		21,282
			14,313,340
Food products – 1.4%
Alico, Inc.	238		8,097
Archer-Daniels-Midland Company	12,948		531,774
B&G Foods, Inc. (B)	1,578		29,840
Beyond Meat, Inc. (A)(B)	1,354		201,231
Bunge, Ltd.	3,287		186,110
Calavo Growers, Inc.	405		38,548
Cal-Maine Foods, Inc.	1,150		45,948
Campbell Soup Company	6,938		325,531
Conagra Brands, Inc.	11,188		343,248
Darling Ingredients, Inc. (A)	3,692		70,628
Dean Foods Company (B)	2,501		2,901

 

272

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Farmer Brothers Company (A)	473	$	6,125
Flowers Foods, Inc.	4,928		113,985
Fresh Del Monte Produce, Inc.	1,216		41,478
Freshpet, Inc. (A)	777		38,671
General Mills, Inc.	13,883		765,231
Hormel Foods Corp.	12,391		541,858
Hostess Brands, Inc. (A)	3,075		43,004
Ingredion, Inc.	1,547		126,452
J&J Snack Foods Corp.	419		80,448
John B. Sanfilippo & Son, Inc.	306		29,560
Kellogg Company	7,900		508,365
Lamb Weston Holdings, Inc.	3,386		246,230
Lancaster Colony Corp.	659		91,370
Landec Corp. (A)	778		8,457
Lifeway Foods, Inc. (A)	734		1,607
Limoneira Company	402		7,381
McCormick & Company, Inc.	3,063		478,747
Mondelez International, Inc., Class A	33,424		1,849,016
Pilgrim's Pride Corp. (A)	5,868		188,040
Post Holdings, Inc. (A)	1,702		180,140
Sanderson Farms, Inc.	499		75,514
Seaboard Corp.	27		118,125
Seneca Foods Corp., Class A (A)	277		8,637
The Hain Celestial Group, Inc. (A)	2,288		49,135
The Hershey Company	4,844		750,772
The J.M. Smucker Company	2,613		287,482
The Kraft Heinz Company	28,311		790,868
The Simply Good Foods Company (A)	1,921		55,690
Tootsie Roll Industries, Inc. (B)	1,611		59,833
TreeHouse Foods, Inc. (A)	1,257		69,701
Tyson Foods, Inc., Class A	8,461		728,831
			10,124,609
Household products – 1.5%
Central Garden & Pet Company, Class A (A)	1,495		41,449
Church & Dwight Company, Inc.	5,713		429,846
Colgate-Palmolive Company	19,916		1,464,025
Energizer Holdings, Inc. (B)	1,527		66,547
Kimberly-Clark Corp.	7,976		1,132,991
Oil-Dri Corp. of America	207		7,050
Spectrum Brands Holdings, Inc.	1,318		69,501
The Clorox Company	2,954		448,624
The Procter & Gamble Company	58,197		7,238,543
WD-40 Company	334		61,302
			10,959,878
Personal products – 0.3%
Avon Products, Inc. (A)	10,330		45,452
Coty, Inc., Class A	17,451		183,410
Edgewell Personal Care Company (A)	1,258		40,872
elf Beauty, Inc. (A)	1,282		22,448
Herbalife Nutrition, Ltd. (A)	3,510		132,889
Inter Parfums, Inc.	718		50,238
Lifevantage Corp. (A)	662		9,069
Medifast, Inc.	252		26,115
Nature's Sunshine Products, Inc. (A)	783		6,491
Nu Skin Enterprises, Inc., Class A	1,326		56,395
Revlon, Inc., Class A (A)(B)	1,455		34,178
The Estee Lauder Companies, Inc., Class A	8,397		1,670,583
USANA Health Sciences, Inc. (A)	566		38,709
			2,316,849
Tobacco – 0.6%
22nd Century Group, Inc. (A)(B)	3,359		7,591
Altria Group, Inc.	43,412		1,775,551

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Tobacco (continued)
Philip Morris International, Inc.	36,102	$	2,741,225
Turning Point Brands, Inc.	537		12,383
Universal Corp.	544		29,817
Vector Group, Ltd. (B)	3,777		44,982
			4,611,549
			55,966,946
Energy – 4.7%
Energy equipment and services – 0.4%
Apergy Corp. (A)	1,694		45,823
Archrock, Inc.	3,041		30,319
Aspen Aerogels, Inc. (A)	1,090		6,453
Baker Hughes, a GE Company	11,941		277,031
Basic Energy Services, Inc. (A)	707		1,018
Bristow Group, Inc. (A)	1,005		35
C&J Energy Services, Inc. (A)	1,456		15,623
Cactus, Inc., Class A (A)	1,743		50,442
CARBO Ceramics, Inc. (A)	1,065		2,556
Covia Holdings Corp. (A)	1,232		2,489
CSI Compressco LP	1,415		4,188
Diamond Offshore Drilling, Inc. (A)(B)	3,260		18,126
DMC Global, Inc.	314		13,810
Dril-Quip, Inc. (A)	845		42,402
Era Group, Inc. (A)	744		7,857
Exterran Corp. (A)	958		12,511
Forum Energy Technologies, Inc. (A)	2,945		4,565
FTS International, Inc. (A)	3,046		6,823
Geospace Technologies Corp. (A)	444		6,824
Gulf Island Fabrication, Inc. (A)	618		3,306
Halliburton Company	20,270		382,090
Helix Energy Solutions Group, Inc. (A)	3,143		25,333
Helmerich & Payne, Inc.	2,563		102,699
Hi-Crush, Inc.	2,496		4,343
Hornbeck Offshore Services, Inc. (A)	157		119
ION Geophysical Corp. (A)	203		1,851
Keane Group, Inc. (A)	2,573		15,592
Key Energy Services, Inc. (A)	639		952
KLX Energy Services Holdings, Inc. (A)	523		4,521
Liberty Oilfield Services, Inc., Class A	2,607		28,234
Mammoth Energy Services, Inc.	1,223		3,033
Matrix Service Company (A)	732		12,546
McDermott International, Inc. (A)(B)	4,256		8,597
Nabors Industries, Ltd.	10,905		20,392
National Energy Services Reunited Corp. (A)	2,001		13,367
National Oilwell Varco, Inc.	8,961		189,973
Natural Gas Services Group, Inc. (A)	329		4,214
NCS Multistage Holdings, Inc. (A)	1,196		2,392
Newpark Resources, Inc. (A)	2,300		17,526
Nine Energy Service, Inc. (A)	818		5,047
Oceaneering International, Inc. (A)	2,245		30,420
Oil States International, Inc. (A)	1,372		18,248
Parker Drilling Company (A)	428		8,098
Patterson-UTI Energy, Inc.	4,890		41,810
Pioneer Energy Services Corp. (A)	1,245		68
ProPetro Holding Corp. (A)	2,263		20,571
Ranger Energy Services, Inc. (A)	532		3,431
RigNet, Inc. (A)	498		3,860
RPC, Inc. (B)	4,420		24,796
Schlumberger, Ltd.	32,139		1,098,190
SEACOR Holdings, Inc. (A)	486		22,876
SEACOR Marine Holdings, Inc. (A)	576		7,240
Select Energy Services, Inc., Class A (A)	2,696		23,347
Smart Sand, Inc. (A)	1,138		3,221
Solaris Oilfield Infrastructure, Inc., Class A	1,173		15,742

 

273

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Superior Energy Services, Inc. (A)	4,212	$	548
TETRA Technologies, Inc. (A)	3,291		6,615
Tidewater, Inc. (A)	820		12,390
USA Compression Partners LP	2,120		36,612
			2,773,105
Oil, gas and consumable fuels – 4.3%
Abraxas Petroleum Corp. (A)	4,699		2,385
Adams Resources & Energy, Inc.	171		5,301
Alliance Resource Partners LP	2,914		46,653
Alta Mesa Resources, Inc., Class A (A)	7,237		434
Amplify Energy Corp.	691		4,263
Antero Midstream Corp. (B)	11,826		87,512
Antero Resources Corp. (A)	6,355		19,192
Apache Corp.	8,741		223,770
Approach Resources, Inc. (A)	912		128
Arch Coal, Inc., Class A	408		30,274
Black Stone Minerals LP	5,274		75,102
Blueknight Energy Partners LP	2,033		2,277
Bonanza Creek Energy, Inc. (A)	566		12,673
BP Midstream Partners LP	2,442		35,653
BP Prudhoe Bay Royalty Trust	545		5,009
Brigham Minerals, Inc., Class A	1,168		23,243
Buckeye Partners LP	3,592		147,595
Cabot Oil & Gas Corp.	9,796		172,116
California Resources Corp. (A)(B)	1,195		12,189
Callon Petroleum Company (A)(B)	4,851		21,053
Calumet Specialty Products Partners LP (A)	2,199		8,004
Carrizo Oil & Gas, Inc. (A)	2,253		19,342
Centennial Resource Development, Inc., Class A (A)	6,767		30,553
Cheniere Energy, Inc. (A)	5,926		373,694
Chesapeake Energy Corp. (A)(B)	38,113		53,739
Chevron Corp.	44,198		5,241,883
Cimarex Energy Company	2,283		109,447
Clean Energy Fuels Corp. (A)	4,677		9,658
Cloud Peak Energy, Inc. (A)	2,084		43
CNX Midstream Partners LP	1,410		19,881
CNX Resources Corp. (A)	4,970		36,082
Comstock Resources, Inc. (A)(B)	3,068		23,900
Concho Resources, Inc.	4,650		315,735
ConocoPhillips	26,211		1,493,503
CONSOL Energy, Inc. (A)	463		7,237
Continental Resources, Inc. (A)	8,746		269,289
Contura Energy, Inc. (A)	425		11,883
Crestwood Equity Partners LP	1,659		60,570
CrossAmerica Partners LP	693		11,823
DCP Midstream LP	3,266		85,602
Delek Logistics Partners LP	486		15,207
Delek US Holdings, Inc.	1,791		65,013
Denbury Resources, Inc. (A)	9,374		11,155
Devon Energy Corp.	9,640		231,938
Diamond S Shipping, Inc. (A)	946		10,425
Diamondback Energy, Inc.	3,819		343,366
Dorchester Minerals LP	927		17,289
Dorian LPG, Ltd. (A)	943		9,769
Enable Midstream Partners LP	10,191		122,598
Energy Transfer LP	60,835		795,722
EnLink Midstream LLC (B)	11,414		97,019
Enterprise Products Partners LP	50,743		1,450,235
Enviva Partners LP	736		23,515
EOG Resources, Inc.	13,463		999,224
EP Energy Corp., Class A (A)	7,262		290
EQM Midstream Partners LP	4,837		158,170
EQT Corp.	5,750		61,180

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Equitrans Midstream Corp.	5,915	$	86,063
Euronav NV	683		6,284
Evolution Petroleum Corp.	1,062		6,202
Extraction Oil & Gas, Inc. (A)(B)	4,148		12,195
Exxon Mobil Corp.	98,177		6,932,278
Foresight Energy LP	1,851		571
Genesis Energy LP	2,794		59,987
Global Partners LP	1,000		19,610
Green Plains Partners LP	503		6,680
Green Plains, Inc.	1,138		12,057
Gulfport Energy Corp. (A)	4,248		11,512
Halcon Resources Corp. (A)	4,145		292
Hallador Energy Company	1,237		4,478
Harvest Natural Resources, Inc. (A)(C)	270		0
Hess Corp.	7,029		425,114
Hess Midstream Partners LP	705		13,578
HighPoint Resources Corp. (A)	3,644		5,794
Holly Energy Partners LP	2,383		60,218
HollyFrontier Corp.	3,971		213,004
Isramco, Inc. (A)	74		9,079
Jagged Peak Energy, Inc. (A)	5,344		38,797
Kimbell Royalty Partners LP	1,094		16,093
Kinder Morgan, Inc.	52,606		1,084,210
Laredo Petroleum, Inc. (A)	5,774		13,915
Lilis Energy, Inc. (A)	1,569		522
LinnCo LLC (A)(C)	2,890		125
Magellan Midstream Partners LP	5,316		352,291
Magnolia Oil & Gas Corp., Class A (A)	6,022		66,844
Marathon Oil Corp.	18,969		232,750
Marathon Petroleum Corp.	15,383		934,517
Martin Midstream Partners LP	1,127		5,117
Matador Resources Company (A)	2,732		45,160
Montage Resources Corp. (A)	490		1,852
MPLX LP	24,940		698,569
Murphy Oil Corp.	3,862		85,389
NACCO Industries, Inc., Class A	210		13,421
Natural Resource Partners LP	361		9,151
New Fortress Energy LLC (A)	3,903		70,371
Noble Energy, Inc.	11,111		249,553
Noble Midstream Partners LP	934		22,528
Northern Oil and Gas, Inc. (A)	6,686		13,105
NuStar Energy LP	2,558		72,443
Oasis Midstream Partners LP	640		10,221
Oasis Petroleum, Inc. (A)	8,108		28,054
Occidental Petroleum Corp.	20,769		923,597
ONEOK, Inc.	9,578		705,803
Overseas Shipholding Group, Inc., Class A (A)	1,082		1,894
Pacific Ethanol, Inc. (A)	1,491		840
Panhandle Oil and Gas, Inc., Class A	460		6,431
Parsley Energy, Inc., Class A	6,446		108,293
PBF Energy, Inc., Class A	2,808		76,350
PBF Logistics LP	1,471		31,112
PDC Energy, Inc. (A)	1,652		45,843
Peabody Energy Corp.	2,586		38,066
Penn Virginia Corp. (A)	412		11,977
Phillips 66	10,539		1,079,194
Phillips 66 Partners LP	2,910		164,764
Pioneer Natural Resources Company	3,906		491,258
Plains All American Pipeline LP	16,895		350,571
Plains GP Holdings LP, Class A (A)	3,615		76,746
QEP Resources, Inc.	5,752		21,282
Range Resources Corp.	6,336		24,204
Renewable Energy Group, Inc. (A)	641		9,618
REX American Resources Corp. (A)	174		13,281

 

274

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Rosehill Resources, Inc. (A)	1,010	$	1,970
Sanchez Energy Corp. (A)	2,348		70
SandRidge Energy, Inc. (A)	995		4,677
SemGroup Corp., Class A	1,930		31,536
Shell Midstream Partners LP	5,276		107,894
Ship Finance International, Ltd.	2,278		31,983
SilverBow Resources, Inc. (A)	344		3,333
SM Energy Company	2,730		26,454
Southwestern Energy Company (A)	11,829		22,830
Sprague Resources LP	617		10,921
SRC Energy, Inc. (A)	6,412		29,880
Summit Midstream Partners LP	1,801		8,753
Sunoco LP	2,323		73,058
Tallgrass Energy LP, Class A	6,460		130,104
Talos Energy, Inc. (A)	1,246		25,331
Targa Resources Corp.	5,421		217,762
TC PipeLines LP	1,619		65,845
Teekay Corp.	2,383		9,532
Tellurian, Inc. (A)(B)	5,770		47,978
The Williams Companies, Inc.	28,162		677,578
Ultra Petroleum Corp. (A)	5,375		1,209
Unit Corp. (A)	1,458		4,928
Uranium Energy Corp. (A)	5,616		5,475
USD Partners LP	796		8,318
Valero Energy Corp.	9,687		825,720
Viper Energy Partners LP	3,148		87,105
W&T Offshore, Inc. (A)	3,851		16,829
Western Midstream Partners LP	10,553		262,664
Whiting Petroleum Corp. (A)	2,203		17,690
World Fuel Services Corp.	1,629		65,062
WPX Energy, Inc. (A)	9,917		105,021
Zion Oil & Gas, Inc. (A)	2,408		609
			32,580,042
			35,353,147
Financials – 13.4%
Banks – 5.4%
1st Source Corp.	559		25,563
Allegiance Bancshares, Inc. (A)	587		18,837
Amerant Bancorp, Inc. (A)	977		20,488
American National Bankshares, Inc.	218		7,732
Ameris Bancorp	1,622		65,269
Ames National Corp.	260		7,439
Arrow Financial Corp.	418		13,963
Associated Banc-Corp.	3,761		76,160
Atlantic Union Bankshares Corp.	1,835		68,345
Banc of California, Inc.	1,336		18,891
BancFirst Corp.	733		40,623
BancorpSouth Bank	2,487		73,640
Bank of America Corp.	220,547		6,433,356
Bank of Hawaii Corp.	973		83,610
Bank of Marin Bancorp	328		13,609
Bank OZK	2,915		79,492
BankFinancial Corp.	481		5,724
BankUnited, Inc.	2,266		76,183
Bankwell Financial Group, Inc.	211		5,803
Banner Corp.	764		42,914
Bar Harbor Bankshares	435		10,845
Baycom Corp. (A)	336		7,631
BB&T Corp.	17,747		947,157
BCB Bancorp, Inc.	577		7,409
Berkshire Hills Bancorp, Inc.	1,091		31,955
BOK Financial Corp.	1,668		132,022
Boston Private Financial Holdings, Inc.	1,849		21,550
Bridge Bancorp, Inc.	565		16,701
Brookline Bancorp, Inc.	2,094		30,845

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Bryn Mawr Bank Corp.	470	$	17,160
Business First Bancshares, Inc.	293		7,149
Byline Bancorp, Inc. (A)	825		14,751
C&F Financial Corp.	131		6,898
Cadence BanCorp	3,079		54,006
Cambridge Bancorp	93		6,976
Camden National Corp.	429		18,584
Capital City Bank Group, Inc.	465		12,764
Capstar Financial Holdings, Inc.	374		6,201
Cathay General Bancorp	1,822		63,287
CBTX, Inc.	597		16,644
CenterState Bank Corp.	3,078		73,826
Central Pacific Financial Corp.	579		16,444
Central Valley Community Bancorp	357		7,265
Century Bancorp, Inc., Class A	144		12,614
Chemung Financial Corp.	161		6,762
CIT Group, Inc.	2,213		100,271
Citigroup, Inc.	53,627		3,704,553
Citizens & Northern Corp.	324		8,515
Citizens Financial Group, Inc.	10,592		374,639
City Holding Company	410		31,263
Civista Bancshares, Inc.	342		7,432
CNB Financial Corp.	426		12,226
Codorus Valley Bancorp, Inc.	255		5,931
Columbia Banking System, Inc.	1,805		66,605
Comerica, Inc.	3,556		234,660
Commerce Bancshares, Inc.	2,591		157,144
Community Bank System, Inc.	1,247		76,927
Community Trust Bancorp, Inc.	310		13,200
ConnectOne Bancorp, Inc.	882		19,580
County Bancorp, Inc.	255		5,003
Cullen/Frost Bankers, Inc.	1,474		130,523
Customers Bancorp, Inc. (A)	829		17,193
CVB Financial Corp.	3,325		69,393
Eagle Bancorp, Inc.	810		36,142
East West Bancorp, Inc.	3,393		150,276
Enterprise Bancorp, Inc.	327		9,803
Enterprise Financial Services Corp.	619		25,224
Equity Bancshares, Inc., Class A (A)	331		8,874
Esquire Financial Holdings, Inc. (A)	313		7,762
Farmers & Merchants Bancorp, Inc.	233		6,049
FB Financial Corp.	613		23,018
Fidelity D&D Bancorp, Inc.	112		6,972
Fifth Third Bancorp	17,012		465,789
Financial Institutions, Inc.	417		12,585
First Bancorp (NC)	687		24,663
First Bancorp, Inc.	302		8,302
First Busey Corp.	1,265		31,979
First Choice Bancorp	327		6,972
First Citizens BancShares, Inc., Class A	265		124,961
First Commonwealth Financial Corp.	2,106		27,968
First Community Bankshares, Inc.	247		7,995
First Financial Bancorp	2,431		59,499
First Financial Bankshares, Inc.	3,302		110,056
First Financial Corp.	338		14,693
First Financial Northwest, Inc.	440		6,503
First Hawaiian, Inc.	3,016		80,527
First Horizon National Corp.	7,277		117,887
First Internet Bancorp	224		4,796
First Interstate BancSystem, Inc., Class A	1,351		54,364
First Merchants Corp.	1,329		50,017
First Midwest Bancorp, Inc.	2,528		49,245
First Republic Bank	3,856		372,875
Flushing Financial Corp.	465		9,395

 

275

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
FNB Corp.	7,509	$	86,579
Franklin Financial Network, Inc.	364		10,996
Fulton Financial Corp.	3,908		63,231
FVCBankcorp, Inc. (A)	432		7,586
German American Bancorp, Inc.	635		20,352
Glacier Bancorp, Inc.	1,946		78,735
Great Southern Bancorp, Inc.	376		21,413
Great Western Bancorp, Inc.	1,410		46,530
Guaranty Bancshares, Inc.	253		7,739
Hancock Whitney Corp.	2,152		82,429
Hanmi Financial Corp.	645		12,113
HarborOne Bancorp, Inc. (A)	1,633		16,436
Heartland Financial USA, Inc.	862		38,566
Heritage Commerce Corp.	1,034		12,155
Heritage Financial Corp.	813		21,918
Hilltop Holdings, Inc.	2,345		56,022
Home BancShares, Inc.	3,957		74,372
Hope Bancorp, Inc.	2,815		40,367
Horizon Bancorp, Inc.	951		16,509
Huntington Bancshares, Inc.	24,269		346,319
IBERIABANK Corp.	1,267		95,709
Independent Bank Corp. (MA)	813		60,690
Independent Bank Corp. (MI)	561		11,958
Independent Bank Group, Inc.	972		51,137
International Bancshares Corp.	1,614		62,333
Investar Holding Corp.	319		7,592
Investors Bancorp, Inc.	6,432		73,068
JPMorgan Chase & Co.	75,253		8,856,526
KeyCorp	23,304		415,743
Lakeland Bancorp, Inc.	1,308		20,182
Lakeland Financial Corp.	529		23,265
LegacyTexas Financial Group, Inc.	1,137		49,494
Live Oak Bancshares, Inc.	1,100		19,910
M&T Bank Corp.	3,165		499,975
Macatawa Bank Corp.	926		9,621
Mercantile Bank Corp.	455		14,924
Metropolitan Bank Holding Corp. (A)	184		7,237
Midland States Bancorp, Inc.	539		14,041
MidWestOne Financial Group, Inc.	336		10,255
MutualFirst Financial, Inc.	193		6,083
MVB Financial Corp.	445		8,833
National Bank Holdings Corp., Class A	721		24,651
National Bankshares, Inc.	188		7,529
NBT Bancorp, Inc.	1,018		37,249
Northrim BanCorp, Inc.	222		8,807
Norwood Financial Corp.	235		7,428
OFG Bancorp	1,197		26,214
Old National Bancorp	4,178		71,882
Old Point Financial Corp.	230		5,467
Old Second Bancorp, Inc.	816		9,972
Origin Bancorp, Inc.	516		17,410
Pacific Mercantile Bancorp (A)	820		6,158
Pacific Premier Bancorp, Inc.	1,473		45,943
PacWest Bancorp	2,772		100,734
Park National Corp.	424		40,199
Parke Bancorp, Inc.	71		1,578
Peapack Gladstone Financial Corp.	492		13,791
Penns Woods Bancorp, Inc.	159		7,354
Peoples Bancorp of North Carolina, Inc.	237		7,041
Peoples Bancorp, Inc.	508		16,159
People's United Financial, Inc.	9,212		144,030
People's Utah Bancorp	486		13,749
Pinnacle Financial Partners, Inc.	1,767		100,277
Popular, Inc.	2,200		118,976
Preferred Bank	341		17,862

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Premier Financial Bancorp, Inc.	480	$	8,242
Prosperity Bancshares, Inc.	1,662		117,387
QCR Holdings, Inc.	353		13,407
RBB Bancorp	407		8,014
Red River Bancshares, Inc. (A)	155		6,722
Regions Financial Corp.	23,421		370,520
Renasant Corp.	1,420		49,714
Republic Bancorp, Inc., Class A	425		18,466
Republic First Bancorp, Inc. (A)	1,584		6,653
S&T Bancorp, Inc.	768		28,055
Sandy Spring Bancorp, Inc.	750		25,283
Seacoast Banking Corp. of Florida (A)	1,186		30,018
ServisFirst Bancshares, Inc.	1,216		40,310
Shore Bancshares, Inc.	488		7,520
Sierra Bancorp	373		9,907
Signature Bank	1,300		154,986
Simmons First National Corp., Class A	2,185		54,407
South Plains Financial, Inc.	426		6,944
South State Corp.	873		65,737
Southern First Bancshares, Inc. (A)	207		8,249
Southern National Bancorp of Virginia, Inc.	655		10,080
Southside Bancshares, Inc.	820		27,970
Spirit of Texas Bancshares, Inc. (A)	334		7,198
Sterling Bancorp	4,833		96,950
Stock Yards Bancorp, Inc.	419		15,373
Summit Financial Group, Inc.	334		8,550
SunTrust Banks, Inc.	10,286		707,677
SVB Financial Group (A)	1,216		254,083
Synovus Financial Corp.	3,642		130,238
TCF Financial Corp.	3,563		135,643
Texas Capital Bancshares, Inc. (A)	1,137		62,137
The Bancorp, Inc. (A)	1,564		15,484
The Bank of Princeton	261		7,585
The First of Long Island Corp.	682		15,516
The PNC Financial Services Group, Inc.	10,463		1,466,494
Tompkins Financial Corp.	330		26,773
Towne Bank	1,739		48,353
TriCo Bancshares	636		23,087
TriState Capital Holdings, Inc. (A)	783		16,474
Triumph Bancorp, Inc. (A)	556		17,731
Trustmark Corp.	1,608		54,849
U.S. Bancorp	36,915		2,042,876
UMB Financial Corp.	1,148		74,138
Umpqua Holdings Corp.	5,147		84,720
United Bankshares, Inc.	2,404		91,039
United Community Banks, Inc.	1,967		55,764
United Security Bancshares	108		1,136
Unity Bancorp, Inc.	355		7,863
Univest Financial Corp.	733		18,699
Valley National Bancorp	7,712		83,829
Veritex Holdings, Inc.	1,259		30,550
Washington Trust Bancorp, Inc.	335		16,184
Webster Financial Corp.	2,139		100,255
Wells Fargo & Company	104,228		5,257,260
WesBanco, Inc.	1,220		45,591
West Bancorporation, Inc.	463		10,066
Westamerica Bancorporation	608		37,805
Western Alliance Bancorp	2,423		111,652
Wintrust Financial Corp.	1,315		84,988
Zions Bancorp NA	4,232		188,409
			40,426,349
Capital markets – 2.9%
Affiliated Managers Group, Inc.	1,170		97,520
Alcentra Capital Corp.	743		6,605

 

276

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
AllianceBernstein Holding LP	2,252	$	66,096
Ameriprise Financial, Inc.	3,106		456,893
Apollo Investment Corp.	1,601		25,760
Ares Capital Corp.	9,814		182,884
Ares Management Corp., Class A	2,404		64,451
Artisan Partners Asset Management, Inc., Class A	1,864		52,639
Ashford, Inc. (A)	13		315
Associated Capital Group, Inc., Class A	454		16,158
Bain Capital Specialty Finance, Inc. (B)	1,190		22,574
Barings BDC, Inc.	1,332		13,520
BGC Partners, Inc., Class A	7,348		40,414
BlackRock Capital Investment Corp.	2,080		10,421
BlackRock TCP Capital Corp.	1,134		15,371
BlackRock, Inc.	3,585		1,597,619
Blucora, Inc. (A)	1,211		26,206
Capital Southwest Corp.	445		9,701
Capitala Finance Corp.	84		696
Cboe Global Markets, Inc.	2,594		298,077
CME Group, Inc.	8,309		1,756,024
Cohen & Steers, Inc.	1,096		60,203
Cowen, Inc., Class A (A)	420		6,464
Diamond Hill Investment Group, Inc.	97		13,399
Donnelley Financial Solutions, Inc. (A)	943		11,618
E*TRADE Financial Corp.	5,682		248,247
Eaton Vance Corp.	2,668		119,873
Evercore, Inc., Class A	977		78,258
FactSet Research Systems, Inc.	888		215,757
Federated Investors, Inc., Class B	2,287		74,122
Fidus Investment Corp.	689		10,218
Fifth Street Asset Management, Inc. (A)	1,988		3,161
Focus Financial Partners, Inc., Class A (A)	1,618		38,508
Franklin Resources, Inc.	11,782		340,029
FS KKR Capital Corp.	12,102		70,555
GAIN Capital Holdings, Inc.	1,306		6,896
GAMCO Investors, Inc., Class A	443		8,661
Garrison Capital, Inc.	913		6,309
Gladstone Capital Corp.	801		7,810
Gladstone Investment Corp. (B)	886		10,933
Goldman Sachs BDC, Inc.	1,014		20,371
Golub Capital BDC, Inc.	1,248		23,512
Greenhill & Company, Inc.	314		4,120
Hamilton Lane, Inc., Class A	1,222		69,605
Hercules Capital, Inc.	2,271		30,363
Horizon Technology Finance Corp.	52		615
Houlihan Lokey, Inc.	1,619		73,017
Interactive Brokers Group, Inc., Class A	1,815		97,611
Intercontinental Exchange, Inc.	13,086		1,207,445
INTL. FCStone, Inc. (A)	532		21,844
Invesco, Ltd.	9,289		157,356
Ladenburg Thalmann Financial Services, Inc.	3,000		7,110
Lazard, Ltd., Class A	3,078		107,730
Legg Mason, Inc.	1,982		75,693
Longfin Corp. (A)	1,342		805
LPL Financial Holdings, Inc.	1,940		158,886
Main Street Capital Corp. (B)	1,549		66,932
MarketAxess Holdings, Inc.	877		287,218
Medley Capital Corp.	1,551		4,017
Moelis & Company, Class A	1,288		42,311
Monroe Capital Corp.	561		5,919
Moody's Corp.	4,400		901,252
Morgan Stanley	39,010		1,664,557
Morningstar, Inc.	986		144,094

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
MSCI, Inc.	1,966	$	428,097
MVC Capital, Inc.	751		6,684
Nasdaq, Inc.	3,839		381,405
New Mountain Finance Corp.	2,060		28,078
Newtek Business Services Corp.	477		10,771
Northern Trust Corp.	5,057		471,919
Oaktree Capital Group LLC	3,762		193,818
Oaktree Specialty Lending Corp.	2,519		13,048
OFS Capital Corp.	589		6,838
Oppenheimer Holdings, Inc., Class A	169		5,080
Oxford Square Capital Corp.	1,411		8,791
P10 Holdings, Inc. (A)	951		1,094
PennantPark Floating Rate Capital, Ltd.	874		10,138
PennantPark Investment Corp.	2,000		12,540
Piper Jaffray Companies	319		24,078
Portman Ridge Finance Corp.	2,234		5,027
Prospect Capital Corp. (B)	8,791		57,933
Pzena Investment Management, Inc., Class A	1,869		16,671
Raymond James Financial, Inc.	3,258		268,655
S&P Global, Inc.	5,711		1,399,081
Safeguard Scientifics, Inc. (A)	605		6,861
Sculptor Capital Management, Inc.	1,127		21,954
SEI Investments Company	3,559		210,889
Siebert Financial Corp. (A)(B)	573		5,272
Solar Capital, Ltd.	825		17,036
Solar Senior Capital, Ltd.	444		7,885
State Street Corp.	8,654		512,230
Stellus Capital Investment Corp.	549		7,483
Stifel Financial Corp.	1,605		92,095
T. Rowe Price Group, Inc.	5,493		627,575
TCG BDC, Inc.	1,609		23,170
TD Ameritrade Holding Corp.	12,847		599,955
The Bank of New York Mellon Corp.	22,210		1,004,114
The Blackstone Group, Inc., Class A	15,284		746,471
The Carlyle Group LP	2,519		64,386
The Charles Schwab Corp.	30,982		1,295,977
The Goldman Sachs Group, Inc.	8,480		1,757,310
THL Credit, Inc.	925		6,290
TPG Specialty Lending, Inc.	1,654		34,701
Tradeweb Markets, Inc., Class A	5,161		190,854
TriplePoint Venture Growth BDC Corp.	568		9,355
Victory Capital Holdings, Inc., Class A	1,539		23,670
Virtu Financial, Inc., Class A (B)	4,365		71,411
Virtus Investment Partners, Inc.	128		14,153
Waddell & Reed Financial, Inc., Class A (B)	1,727		29,670
Westwood Holdings Group, Inc.	246		6,807
WhiteHorse Finance, Inc.	557		7,759
WisdomTree Investments, Inc.	3,773		19,714
			22,028,141
Consumer finance – 0.8%
Ally Financial, Inc.	9,199		305,039
American Express Company	19,372		2,291,320
Capital One Financial Corp.	10,878		989,680
Credit Acceptance Corp. (A)	436		201,131
Curo Group Holdings Corp. (A)	1,107		14,701
Discover Financial Services	7,505		608,580
Elevate Credit, Inc. (A)	1,191		5,014
Encore Capital Group, Inc. (A)	709		23,627
Enova International, Inc. (A)	924		19,173
EZCORP, Inc., Class A (A)	1,513		9,766
FirstCash, Inc.	1,011		92,678
Green Dot Corp., Class A (A)	1,239		31,285
Navient Corp.	5,539		70,899

 

277

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer finance (continued)
Nelnet, Inc., Class A	877	$	55,777
OneMain Holdings, Inc.	3,156		115,762
PRA Group, Inc. (A)	1,050		35,480
Regional Management Corp. (A)	324		9,124
Santander Consumer USA Holdings, Inc.	8,154		208,009
SLM Corp.	10,426		92,009
Synchrony Financial	15,978		544,690
World Acceptance Corp. (A)	197		25,119
			5,748,863
Diversified financial services – 1.7%
AXA Equitable Holdings, Inc.	11,349		251,494
Berkshire Hathaway, Inc., Class B (A)	56,914		11,839,250
First Eagle Private Credit LLC (A)(C)	1,204		291
GWG Holdings, Inc. (A)(B)	827		8,253
Jefferies Financial Group, Inc.	7,412		136,381
Marlin Business Services Corp.	359		9,043
On Deck Capital, Inc. (A)	2,087		7,012
Voya Financial, Inc.	3,340		181,830
			12,433,554
Insurance – 2.2%
Aflac, Inc.	17,284		904,299
Alleghany Corp. (A)	336		268,047
American Equity Investment Life Holding Company	2,181		52,780
American Financial Group, Inc.	2,088		225,191
American International Group, Inc.	20,178		1,123,915
American National Insurance Company	630		77,950
AMERISAFE, Inc.	412		27,237
Arch Capital Group, Ltd. (A)	9,398		394,528
Argo Group International Holdings, Ltd.	803		56,403
Arthur J. Gallagher & Company	4,306		385,688
Assurant, Inc.	1,426		179,419
Assured Guaranty, Ltd.	2,330		103,592
Atlas Financial Holdings, Inc. (A)	399		150
Axis Capital Holdings, Ltd.	2,001		133,507
Brighthouse Financial, Inc. (A)	2,663		107,772
Brown & Brown, Inc.	6,561		236,590
Cincinnati Financial Corp.	3,801		443,463
Citizens, Inc. (A)	1,450		9,962
CNA Financial Corp.	6,349		312,688
CNO Financial Group, Inc.	3,738		59,173
Crawford & Company, Class B	1,545		15,589
Donegal Group, Inc., Class A	786		11,523
eHealth, Inc. (A)	508		33,929
Employers Holdings, Inc.	720		31,378
Enstar Group, Ltd. (A)	430		81,666
Erie Indemnity Company, Class A	1,076		199,759
Everest Re Group, Ltd.	957		254,648
FBL Financial Group, Inc., Class A	605		36,004
FedNat Holding Company	489		6,841
Fidelity National Financial, Inc.	6,398		284,135
First American Financial Corp.	2,602		153,544
Genworth Financial, Inc., Class A (A)	12,413		54,617
Globe Life, Inc.	2,553		244,475
Goosehead Insurance, Inc., Class A	844		41,651
Hallmark Financial Services, Inc. (A)	140		2,678
HCI Group, Inc.	270		11,351
Health Insurance Innovations, Inc., Class A (A)(B)	444		11,069
Heritage Insurance Holdings, Inc.	923		13,799
Horace Mann Educators Corp.	946		43,828
Independence Holding Company	423		16,324
Investors Title Company	53		8,485
Kemper Corp.	1,498		116,769
Kinsale Capital Group, Inc.	483		49,899

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Lincoln National Corp.	4,686	$	282,660
Loews Corp.	7,089		364,942
Maiden Holdings, Ltd. (A)	2,453		1,840
Markel Corp. (A)	321		379,390
Marsh & McLennan Companies, Inc.	11,898		1,190,395
MBIA, Inc. (A)	2,372		21,894
Mercury General Corp.	1,359		75,941
MetLife, Inc.	22,025		1,038,699
National General Holdings Corp.	2,579		59,369
National Western Life Group, Inc., Class A	79		21,201
NI Holdings, Inc. (A)	641		10,987
Old Republic International Corp.	7,192		169,515
Palomar Holdings, Inc. (A)	548		21,602
Primerica, Inc.	985		125,322
Principal Financial Group, Inc.	6,467		369,524
ProAssurance Corp.	1,333		53,680
Protective Insurance Corp., Class B	474		8,271
Prudential Financial, Inc.	9,413		846,699
Reinsurance Group of America, Inc.	1,437		229,748
RenaissanceRe Holdings, Ltd.	1,023		197,899
RLI Corp.	1,018		94,582
Safety Insurance Group, Inc.	334		33,844
Selective Insurance Group, Inc.	1,378		103,612
State Auto Financial Corp.	954		30,900
Stewart Information Services Corp.	487		18,891
The Allstate Corp.	7,723		839,336
The Hanover Insurance Group, Inc.	952		129,034
The Hartford Financial Services Group, Inc.	8,368		507,184
The Progressive Corp.	13,553		1,046,969
The Travelers Companies, Inc.	6,073		902,994
Trupanion, Inc. (A)(B)	822		20,895
United Fire Group, Inc.	546		25,651
United Insurance Holdings Corp.	1,214		16,984
Universal Insurance Holdings, Inc.	656		19,673
Unum Group	4,897		145,539
W.R. Berkley Corp.	4,273		308,639
White Mountains Insurance Group, Ltd.	73		78,840
			16,619,460
Mortgage real estate investment trusts – 0.2%
AG Mortgage Investment Trust, Inc.	700		10,605
AGNC Investment Corp.	12,394		199,419
Annaly Capital Management, Inc.	33,686		296,437
Anworth Mortgage Asset Corp.	2,512		8,290
Apollo Commercial Real Estate Finance, Inc.	3,449		66,117
Arbor Realty Trust, Inc.	2,432		31,884
Ares Commercial Real Estate Corp.	789		12,016
Arlington Asset Investment Corp., Class A	651		3,574
ARMOUR Residential REIT, Inc.	1,491		24,974
Blackstone Mortgage Trust, Inc., Class A	2,878		103,176
Capstead Mortgage Corp.	1,743		12,811
Cherry Hill Mortgage Investment Corp.	415		5,437
Chimera Investment Corp.	4,224		82,621
Colony Credit Real Estate, Inc.	3,014		43,582
Dynex Capital, Inc.	417		6,163
Ellington Financial, Inc.	880		15,902
Ellington Residential Mortgage REIT	539		5,681
Exantas Capital Corp.	859		9,767
Granite Point Mortgage Trust, Inc.	1,105		20,708
Great Ajax Corp.	535		8,293
Invesco Mortgage Capital, Inc.	3,007		46,037
KKR Real Estate Finance Trust, Inc.	1,084		21,171

 

278

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mortgage real estate investment trusts (continued)
Ladder Capital Corp.	2,535	$	43,779
MFA Financial, Inc.	10,879		80,069
New Residential Investment Corp.	9,490		148,803
New York Mortgage Trust, Inc.	4,717		28,727
Orchid Island Capital, Inc.	1,157		6,653
PennyMac Mortgage Investment Trust	1,761		39,147
Ready Capital Corp.	959		15,267
Redwood Trust, Inc.	2,127		34,904
Starwood Property Trust, Inc.	6,337		153,482
TPG RE Finance Trust, Inc.	1,656		32,855
Two Harbors Investment Corp.	6,141		80,631
Western Asset Mortgage Capital Corp.	1,158		11,175
			1,710,157
Thrifts and mortgage finance – 0.2%
Axos Financial, Inc. (A)	1,521		42,056
Bridgewater Bancshares, Inc. (A)	655		7,821
Capitol Federal Financial, Inc.	3,225		44,441
Columbia Financial, Inc. (A)	2,792		44,086
Dime Community Bancshares, Inc.	619		13,253
Entegra Financial Corp. (A)	250		7,510
Federal Agricultural Mortgage Corp., Class C	191		15,597
Federal Home Loan Mortgage Corp. (A)	14,756		52,974
Federal National Mortgage Association (A)(B)	25,841		98,196
First Defiance Financial Corp.	548		15,873
Flagstar Bancorp, Inc.	1,375		51,356
Home Bancorp, Inc.	185		7,213
HomeStreet, Inc. (A)	737		20,135
Impac Mortgage Holdings, Inc. (A)	577		4,541
Kearny Financial Corp.	2,110		27,514
LendingTree, Inc. (A)	304		94,371
Luther Burbank Corp.	1,316		14,910
Merchants Bancorp	686		11,346
Meridian Bancorp, Inc.	1,458		27,338
Meta Financial Group, Inc.	1,029		33,556
MGIC Investment Corp.	8,227		103,496
New York Community Bancorp, Inc.	10,679		134,021
NMI Holdings, Inc., Class A (A)	1,663		43,670
Northfield Bancorp, Inc.	1,351		21,697
Northwest Bancshares, Inc.	2,352		38,549
OceanFirst Financial Corp.	1,155		27,258
Ocwen Financial Corp. (A)	3,672		6,903
Oritani Financial Corp.	1,196		21,163
PCSB Financial Corp.	498		9,955
PDL Community Bancorp (A)	510		7,171
PennyMac Financial Services, Inc. (A)	1,814		55,109
Provident Bancorp, Inc. (A)	335		8,050
Provident Financial Services, Inc.	1,530		37,531
Radian Group, Inc.	4,787		109,335
Riverview Bancorp, Inc.	881		6,502
Southern Missouri Bancorp, Inc.	216		7,869
Sterling Bancorp, Inc.	1,272		12,415
Territorial Bancorp, Inc.	238		6,802
TFS Financial Corp.	6,468		116,553
Timberland Bancorp, Inc.	255		7,013
TrustCo Bank Corp.	2,616		21,320
United Community Financial Corp.	1,410		15,200
United Financial Bancorp, Inc.	1,401		19,096
Walker & Dunlop, Inc.	722		40,381
Washington Federal, Inc.	1,898		70,207
Western New England Bancorp, Inc.	789		7,519
WSFS Financial Corp.	1,238		54,596
			1,643,468
			100,609,992

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care – 12.2%
Biotechnology – 2.5%
AbbVie, Inc.	34,300	$	2,597,196
Abeona Therapeutics, Inc. (A)	1,100		2,486
ACADIA Pharmaceuticals, Inc. (A)	3,370		121,286
Acceleron Pharma, Inc. (A)	1,207		47,689
Achillion Pharmaceuticals, Inc. (A)	3,779		13,604
Acorda Therapeutics, Inc. (A)	1,281		3,676
Aduro Biotech, Inc. (A)	2,092		2,218
Advaxis, Inc. (A)	131		35
Adverum Biotechnologies, Inc. (A)	1,608		8,764
Aeglea BioTherapeutics, Inc. (A)	797		6,129
Agenus, Inc. (A)	2,828		7,296
AgeX Therapeutics, Inc. (A)	332		651
Agios Pharmaceuticals, Inc. (A)(B)	1,424		46,138
Aileron Therapeutics, Inc. (A)	551		369
Aimmune Therapeutics, Inc. (A)	1,383		28,960
Akcea Therapeutics, Inc. (A)(B)	2,030		31,242
Akebia Therapeutics, Inc. (A)	2,523		9,890
Akero Therapeutics, Inc. (A)(B)	639		14,537
Albireo Pharma, Inc. (A)	301		6,020
Alder Biopharmaceuticals, Inc. (A)	1,872		35,306
Aldeyra Therapeutics, Inc. (A)	753		3,968
Alector, Inc. (A)	1,631		23,519
Alexion Pharmaceuticals, Inc. (A)	5,205		509,778
Alkermes PLC (A)	3,588		70,002
Allakos, Inc. (A)(B)	1,083		85,156
Allena Pharmaceuticals, Inc. (A)	769		3,030
Allogene Therapeutics, Inc. (A)	2,844		77,513
Alnylam Pharmaceuticals, Inc. (A)	2,507		201,613
AMAG Pharmaceuticals, Inc. (A)	970		11,204
Ambit Biosciences Corp. (A)(C)	515		309
Amgen, Inc.	14,148		2,737,779
Amicus Therapeutics, Inc. (A)	5,785		46,396
AnaptysBio, Inc. (A)	701		24,528
Anika Therapeutics, Inc. (A)	404		22,176
Apellis Pharmaceuticals, Inc. (A)	1,531		36,882
Applied Therapeutics, Inc. (A)	825		9,067
Aptinyx, Inc. (A)	599		2,091
Arcus Biosciences, Inc. (A)	732		6,661
Ardelyx, Inc. (A)	1,372		6,448
Arena Pharmaceuticals, Inc. (A)	1,195		54,695
ArQule, Inc. (A)	2,218		15,903
Arrowhead Pharmaceuticals, Inc. (A)(B)	2,333		65,744
Assembly Biosciences, Inc. (A)	477		4,689
Atara Biotherapeutics, Inc. (A)	861		12,157
Athenex, Inc. (A)	1,583		19,257
Atreca, Inc., Class A (A)	632		7,736
aTyr Pharma, Inc. (A)	99		347
Audentes Therapeutics, Inc. (A)	993		27,893
AVEO Pharmaceuticals, Inc. (A)	3,213		2,713
Avid Bioservices, Inc. (A)	774		4,102
Avrobio, Inc. (A)	811		11,451
Axcella Health, Inc. (A)	1,012		5,728
Bellicum Pharmaceuticals, Inc. (A)	939		986
BioCryst Pharmaceuticals, Inc. (A)	2,652		7,598
Biogen, Inc. (A)	4,498		1,047,224
BioMarin Pharmaceutical, Inc. (A)	4,160		280,384
BioSpecifics Technologies Corp. (A)	201		10,758
Bioxcel Therapeutics, Inc. (A)	702		4,942
Bluebird Bio, Inc. (A)	1,283		117,805
Blueprint Medicines Corp. (A)	1,141		83,829
Bridgebio Pharma, Inc. (A)	2,812		60,374
Calithera Biosciences, Inc. (A)	966		2,985
Calyxt, Inc. (A)	758		4,275
CareDx, Inc. (A)	890		20,123

 

279

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
CASI Pharmaceuticals, Inc. (A)	2,445	$	8,166
Catalyst Pharmaceuticals, Inc. (A)	3,076		16,334
Celcuity, Inc. (A)	383		6,503
Celgene Corp. (A)	16,363		1,624,846
Celldex Therapeutics, Inc. (A)	241		513
CEL-SCI Corp. (A)(B)	1,201		10,737
ChemoCentryx, Inc. (A)	1,375		9,323
Chimerix, Inc. (A)	1,404		3,299
Clovis Oncology, Inc. (A)(B)	1,194		4,692
Coherus Biosciences, Inc. (A)	1,434		29,053
Conatus Pharmaceuticals, Inc. (A)	1,457		459
Concert Pharmaceuticals, Inc. (A)	641		3,769
Constellation Pharmaceuticals, Inc. (A)	754		4,871
Cortexyme, Inc. (A)	609		15,182
Corvus Pharmaceuticals, Inc. (A)	583		1,755
Crinetics Pharmaceuticals, Inc. (A)	719		10,814
CTI BioPharma Corp. (A)	2,346		1,952
Cue Biopharma, Inc. (A)	1,043		8,792
Curis, Inc. (A)	948		2,124
Cyclerion Therapeutics, Inc. (A)	973		11,793
Cytokinetics, Inc. (A)	1,480		16,842
CytomX Therapeutics, Inc. (A)	1,018		7,513
Deciphera Pharmaceuticals, Inc. (A)	803		27,254
Denali Therapeutics, Inc. (A)	2,246		34,409
Dicerna Pharmaceuticals, Inc. (A)	1,643		23,593
DNIB Unwind, Inc. (A)(C)	634		19
Dynavax Technologies Corp. (A)	1,633		5,838
Eagle Pharmaceuticals, Inc. (A)	282		15,953
Editas Medicine, Inc. (A)	1,148		26,106
Eidos Therapeutics, Inc. (A)	867		31,186
Eiger BioPharmaceuticals, Inc. (A)	622		6,376
Emergent BioSolutions, Inc. (A)	1,108		57,926
Enanta Pharmaceuticals, Inc. (A)	427		25,654
Epizyme, Inc. (A)	1,858		19,165
Equillium, Inc. (A)	863		3,279
Esperion Therapeutics, Inc. (A)	700		25,662
Evelo Biosciences, Inc. (A)	584		3,562
Exact Sciences Corp. (A)	2,968		268,218
Exelixis, Inc. (A)	7,009		123,954
Fate Therapeutics, Inc. (A)	1,591		24,708
FibroGen, Inc. (A)	1,999		73,923
Five Prime Therapeutics, Inc. (A)	797		3,088
Flexion Therapeutics, Inc. (A)	1,007		13,801
Fortress Biotech, Inc. (A)	1,754		2,473
Forty Seven, Inc. (A)	1,408		9,039
G1 Therapeutics, Inc. (A)	777		17,700
Galectin Therapeutics, Inc. (A)(B)	1,661		6,096
Genomic Health, Inc. (A)	828		56,155
Geron Corp. (A)(B)	4,452		5,921
Gilead Sciences, Inc.	29,496		1,869,456
Global Blood Therapeutics, Inc. (A)	1,317		63,901
GlycoMimetics, Inc. (A)	901		3,883
Gossamer Bio, Inc. (A)	1,562		26,226
Gritstone Oncology, Inc. (A)	586		5,060
Halozyme Therapeutics, Inc. (A)	3,467		53,773
Harpoon Therapeutics, Inc. (A)	583		7,964
Homology Medicines, Inc. (A)	1,041		18,842
Hookipa Pharma, Inc. (A)	1,077		8,078
Idera Pharmaceuticals, Inc. (A)	526		1,520
Immunic, Inc. (A)	34		342
ImmunoGen, Inc. (A)	3,078		7,449
Immunomedics, Inc. (A)	4,655		61,725
Incyte Corp. (A)	4,980		369,665
Infinity Pharmaceuticals, Inc. (A)	2,628		2,707
Inovio Pharmaceuticals, Inc. (A)(B)	2,493		5,111

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Insmed, Inc. (A)	2,037	$	35,933
Insys Therapeutics, Inc. (A)	2,022		364
Intellia Therapeutics, Inc. (A)	993		13,257
Intercept Pharmaceuticals, Inc. (A)	799		53,022
Intrexon Corp. (A)(B)	3,305		18,905
Invitae Corp. (A)	2,098		40,428
Ionis Pharmaceuticals, Inc. (A)	3,259		195,247
Ironwood Pharmaceuticals, Inc. (A)	3,567		30,623
Jounce Therapeutics, Inc. (A)	886		2,950
Kadmon Holdings, Inc. (A)	2,301		5,799
KalVista Pharmaceuticals, Inc. (A)	368		4,269
Karuna Therapeutics, Inc. (A)	535		8,731
Kezar Life Sciences, Inc. (A)	340		1,115
Kindred Biosciences, Inc. (A)	928		6,357
Kiniksa Pharmaceuticals, Ltd., Class A (A)	1,082		9,208
Kodiak Sciences, Inc. (A)	873		12,554
Krystal Biotech, Inc. (A)	426		14,793
Kura Oncology, Inc. (A)	1,159		17,582
Lexicon Pharmaceuticals, Inc. (A)(B)	2,915		8,774
Ligand Pharmaceuticals, Inc. (A)	454		45,191
Lineage Cell Therapeutics, Inc. (A)	3,331		3,264
LogicBio Therapeutics, Inc. (A)	641		6,929
MacroGenics, Inc. (A)	1,031		13,156
Madrigal Pharmaceuticals, Inc. (A)	342		29,487
Magenta Therapeutics, Inc. (A)	1,068		10,958
MannKind Corp. (A)(B)	2,896		3,620
Marker Therapeutics, Inc. (A)(B)	1,096		5,601
MediciNova, Inc. (A)(B)	1,166		9,276
MEI Pharma, Inc. (A)	2,438		4,096
MeiraGTx Holdings PLC (A)	652		10,399
Mereo Biopharma Group PLC, ADR (A)	63		183
Merrimack Pharmaceuticals, Inc.	578		2,595
Mersana Therapeutics, Inc. (A)	637		1,006
MiMedx Group, Inc. (A)(B)	2,595		12,716
Minerva Neurosciences, Inc. (A)	1,207		9,354
Miragen Therapeutics, Inc. (A)	828		605
Moderna, Inc. (A)(B)	7,665		122,027
Molecular Templates, Inc. (A)	772		5,087
Momenta Pharmaceuticals, Inc. (A)	2,115		27,410
Morphic Holding, Inc. (A)	695		12,586
Mustang Bio, Inc. (A)	783		2,553
Myriad Genetics, Inc. (A)	1,593		45,608
NantKwest, Inc. (A)(B)	2,233		2,724
Natera, Inc. (A)	1,758		57,662
Neon Therapeutics, Inc. (A)	1,269		2,183
Neurocrine Biosciences, Inc. (A)	2,121		191,123
NewLink Genetics Corp. (A)	821		1,305
NextCure, Inc. (A)	518		15,980
Novavax, Inc. (A)(B)	417		2,093
Oncocyte Corp. (A)	1,221		2,564
OncoMed Pharmaceuticals, Inc. (A)(C)	498		5
Oncternal Therapeutics, Inc. (A)(C)	38		78
Oncternal Therapeutics, Inc. (A)	38		190
OPKO Health, Inc. (A)(B)	13,787		28,815
Organogenesis Holdings, Inc. (A)(B)	2,172		14,270
Ovid therapeutics, Inc. (A)	886		2,871
Palatin Technologies, Inc. (A)	1,228		1,116
PDL BioPharma, Inc. (A)	1,734		3,745
PDS Biotechnology Corp. (A)	44		147
Pfenex, Inc. (A)	1,253		10,575
PhaseBio Pharmaceuticals, Inc. (A)	760		3,169
Pieris Pharmaceuticals, Inc. (A)	1,471		5,016
PolarityTE, Inc. (A)	290		937
Portola Pharmaceuticals, Inc. (A)	1,588		42,590

 

280

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Precision BioSciences, Inc. (A)	1,206	$	10,118
Prevail Therapeutics, Inc. (A)	803		9,861
Principia Biopharma, Inc. (A)	584		16,492
Progenics Pharmaceuticals, Inc. (A)	1,955		9,883
Protagonist Therapeutics, Inc. (A)	486		5,837
Proteostasis Therapeutics, Inc. (A)	1,327		1,121
PTC Therapeutics, Inc. (A)	1,364		46,130
Puma Biotechnology, Inc. (A)	1,014		10,916
Ra Pharmaceuticals, Inc. (A)	989		23,390
Recro Pharma, Inc. (A)	896		9,928
Regeneron Pharmaceuticals, Inc. (A)	2,544		705,706
REGENXBIO, Inc. (A)	843		30,011
Regulus Therapeutics, Inc. (A)	504		363
Repligen Corp. (A)	1,119		85,816
Replimune Group, Inc. (A)	611		8,493
Retrophin, Inc. (A)	1,052		12,193
Rhythm Pharmaceuticals, Inc. (A)	694		14,983
Rigel Pharmaceuticals, Inc. (A)	3,503		6,551
Rocket Pharmaceuticals, Inc. (A)	971		11,312
Rubius Therapeutics, Inc. (A)(B)	2,133		16,744
Sage Therapeutics, Inc. (A)	1,190		166,945
Sangamo Therapeutics, Inc. (A)	2,910		26,336
Sarepta Therapeutics, Inc. (A)	1,723		129,776
Savara, Inc. (A)	827		2,192
Scholar Rock Holding Corp. (A)	429		3,840
Seattle Genetics, Inc. (A)	3,751		320,335
Selecta Biosciences, Inc. (A)	604		1,057
Seres Therapeutics, Inc. (A)	1,133		4,543
Sesen Bio, Inc. (A)(B)	4,361		5,102
Sierra Oncology, Inc. (A)	2,075		810
Solid Biosciences, Inc. (A)	559		5,780
Spark Therapeutics, Inc. (A)	894		86,700
Spectrum Pharmaceuticals, Inc. (A)	2,679		22,222
Spero Therapeutics, Inc. (A)	635		6,731
Spring Bank Pharmaceuticals, Inc. (A)	517		1,810
Stemline Therapeutics, Inc. (A)	1,279		13,314
Stoke Therapeutics, Inc. (A)	740		15,903
Sunesis Pharmaceuticals, Inc. (A)	1,269		914
Surface Oncology, Inc. (A)	1,474		2,093
Sutro Biopharma, Inc. (A)	635		5,772
Syndax Pharmaceuticals, Inc. (A)	629		4,699
Synergy Pharmaceuticals, Inc. (A)(C)	6,230		18
Synlogic, Inc. (A)	463		1,060
Synthorx, Inc. (A)	762		12,398
Syros Pharmaceuticals, Inc. (A)	721		7,484
T2 Biosystems, Inc. (A)(B)	160		400
TCR2 Therapeutics, Inc. (A)	707		10,626
The Medicines Company (A)	1,753		87,650
Tobira Therapeutics, Inc. (A)(C)	609		8,398
Tocagen, Inc. (A)	929		615
Translate Bio, Inc. (A)	932		9,236
Turning Point Therapeutics, Inc. (A)	737		27,711
Twist Bioscience Corp. (A)	774		18,483
Tyme Technologies, Inc. (A)(B)	2,042		2,430
Ultragenyx Pharmaceutical, Inc. (A)	1,343		57,454
United Therapeutics Corp. (A)	1,054		84,057
UNITY Biotechnology, Inc. (A)	766		4,673
Unum Therapeutics, Inc. (A)	1,434		2,065
UroGen Pharma, Ltd. (A)	501		11,939
Vanda Pharmaceuticals, Inc. (A)	1,222		16,228
Veracyte, Inc. (A)	1,224		29,376
Verastem, Inc. (A)(B)	1,842		2,229
Vericel Corp. (A)	881		13,338
Vertex Pharmaceuticals, Inc. (A)	5,945		1,007,202
Viking Therapeutics, Inc. (A)	1,958		13,471

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Voyager Therapeutics, Inc. (A)	743	$	12,787
vTv Therapeutics, Inc., Class A (A)(B)	1,071		1,660
X4 Pharmaceuticals, Inc. (A)	101		1,284
XBiotech, Inc. (A)	711		7,437
Xencor, Inc. (A)	1,295		43,680
XOMA Corp. (A)	278		5,427
Y-mAbs Therapeutics, Inc. (A)	853		22,229
Zafgen, Inc. (A)	1,004		742
ZIOPHARM Oncology, Inc. (A)(B)	3,927		16,808
			18,607,495
Health care equipment and supplies – 2.8%
Abbott Laboratories	40,934		3,424,948
ABIOMED, Inc. (A)	1,048		186,429
Accuray, Inc. (A)	2,433		6,739
Align Technology, Inc. (A)	1,857		335,968
Alphatec Holdings, Inc. (A)	1,619		8,127
AngioDynamics, Inc. (A)	1,021		18,807
Antares Pharma, Inc. (A)	4,423		14,795
Apyx Medical Corp. (A)	1,120		7,582
AtriCure, Inc. (A)	953		23,768
Atrion Corp.	41		31,946
Avanos Medical, Inc. (A)	1,125		42,143
Avedro, Inc. (A)	411		9,330
Axogen, Inc. (A)	911		11,369
Axonics Modulation Technologies, Inc. (A)	663		17,848
Baxter International, Inc.	11,835		1,035,207
Becton, Dickinson and Company	6,256		1,582,518
Biolife Solutions, Inc. (A)	435		7,232
Boston Scientific Corp. (A)	32,265		1,312,863
Cantel Medical Corp.	972		72,706
Cardiovascular Systems, Inc. (A)	748		35,545
Cerus Corp. (A)	3,177		16,377
Conformis, Inc. (A)(B)	2,228		4,144
CONMED Corp.	652		62,690
Corindus Vascular Robotics, Inc. (A)	3,583		15,335
CryoLife, Inc. (A)	912		24,761
CryoPort, Inc. (A)	894		14,621
Cutera, Inc. (A)	375		10,961
CytoSorbents Corp. (A)(B)	1,244		6,257
Danaher Corp.	16,620		2,400,427
DENTSPLY SIRONA, Inc.	5,486		292,459
DexCom, Inc. (A)	2,135		318,627
Edwards Lifesciences Corp. (A)	4,838		1,063,925
Endologix, Inc. (A)	242		961
Establishment Labs Holdings, Inc. (A)	483		9,134
FONAR Corp. (A)	241		4,981
GenMark Diagnostics, Inc. (A)	1,560		9,454
Glaukos Corp. (A)	845		52,821
Globus Medical, Inc., Class A (A)	2,251		115,071
Haemonetics Corp. (A)	1,189		149,980
Heska Corp. (A)	197		13,961
Hill-Rom Holdings, Inc.	1,549		163,001
Hologic, Inc. (A)	6,226		314,351
ICU Medical, Inc. (A)	480		76,608
IDEXX Laboratories, Inc. (A)	1,996		542,772
Inogen, Inc. (A)	520		24,913
Insulet Corp. (A)	1,388		228,923
Integer Holdings Corp. (A)	758		57,274
Integra LifeSciences Holdings Corp. (A)	1,975		118,638
Intuitive Surgical, Inc. (A)	2,679		1,446,472
Invacare Corp.	900		6,750
iRadimed Corp. (A)	405		8,513
iRhythm Technologies, Inc. (A)	621		46,022
IRIDEX Corp. (A)	814		1,538

 

281

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Lantheus Holdings, Inc. (A)	1,016	$	25,466
LeMaitre Vascular, Inc.	515		17,603
Masimo Corp. (A)	1,251		186,136
Meridian Bioscience, Inc.	1,192		11,312
Merit Medical Systems, Inc. (A)	1,226		37,344
Mesa Laboratories, Inc.	104		24,728
Misonix, Inc. (A)	328		6,593
Natus Medical, Inc. (A)	710		22,606
Neogen Corp. (A)	1,187		80,847
Neuronetics, Inc. (A)	649		5,393
Nevro Corp. (A)	723		62,156
NuVasive, Inc. (A)	1,239		78,528
Nuvectra Corp. (A)	555		755
Obalon Therapeutics, Inc. (A)	80		155
OraSure Technologies, Inc. (A)	1,625		12,139
Orthofix Medical, Inc. (A)	509		26,987
OrthoPediatrics Corp. (A)	403		14,210
Penumbra, Inc. (A)(B)	799		107,458
Pulse Biosciences, Inc. (A)(B)	385		5,944
Quidel Corp. (A)	915		56,135
ResMed, Inc.	3,328		449,646
Rockwell Medical, Inc. (A)(B)	1,446		3,991
RTI Surgical Holdings, Inc. (A)	1,700		4,845
SeaSpine Holdings Corp. (A)	591		7,216
Senseonics Holdings, Inc. (A)(B)	3,826		3,782
Shockwave Medical, Inc. (A)	654		19,574
SI-BONE, Inc. (A)	700		12,369
Sientra, Inc. (A)	532		3,447
Silk Road Medical, Inc. (A)	716		23,291
Soliton, Inc. (A)(B)	506		5,409
STAAR Surgical Company (A)	1,153		29,724
Stereotaxis, Inc. (A)	2,659		9,333
Stryker Corp.	8,655		1,872,077
Surmodics, Inc. (A)	364		16,649
Tactile Systems Technology, Inc. (A)	467		19,763
Tandem Diabetes Care, Inc. (A)	1,351		79,682
Teleflex, Inc.	1,071		363,872
The Cooper Companies, Inc.	1,148		340,956
TransEnterix, Inc. (A)	4,508		2,794
TransMedics Group, Inc. (A)	477		11,329
Utah Medical Products, Inc.	104		9,967
Vapotherm, Inc. (A)	424		4,015
Varex Imaging Corp. (A)	786		22,432
Varian Medical Systems, Inc. (A)	2,110		251,280
West Pharmaceutical Services, Inc.	1,707		242,087
Zimmer Biomet Holdings, Inc.	4,751		652,170
			21,052,787
Health care providers and services – 2.2%
AAC Holdings, Inc. (A)(B)	965		647
Acadia Healthcare Company, Inc. (A)	2,171		67,475
Aceto Corp. (A)	853		85
Addus HomeCare Corp. (A)	312		24,735
Amedisys, Inc. (A)	749		98,126
American Renal Associates Holdings, Inc. (A)	923		5,833
AmerisourceBergen Corp.	4,875		401,359
AMN Healthcare Services, Inc. (A)	1,148		66,079
Anthem, Inc.	5,967		1,432,677
Apollo Medical Holdings, Inc. (A)	629		11,083
BioTelemetry, Inc. (A)	716		29,163
Brookdale Senior Living, Inc. (A)	4,348		32,958
Capital Senior Living Corp. (A)	893		3,911
Cardinal Health, Inc.	6,907		325,941
Catasys, Inc. (A)(B)	418		6,588
Centene Corp. (A)	9,592		414,950

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Chemed Corp.	372	$	155,336
Cigna Corp.	8,804		1,336,359
Community Health Systems, Inc. (A)	3,196		11,506
CorVel Corp. (A)	437		33,081
Covetrus, Inc. (A)	2,602		30,938
Cross Country Healthcare, Inc. (A)	1,014		10,444
CVS Health Corp.	30,133		1,900,488
DaVita, Inc. (A)	3,834		218,806
Diplomat Pharmacy, Inc. (A)	1,868		9,153
Encompass Health Corp.	2,293		145,101
Enzo Biochem, Inc. (A)	1,266		4,558
Genesis Healthcare, Inc. (A)	2,733		3,034
Guardant Health, Inc. (A)	2,130		135,958
Hanger, Inc. (A)	926		18,872
HCA Healthcare, Inc.	7,942		956,376
HealthEquity, Inc. (A)	1,617		92,403
Henry Schein, Inc. (A)	3,459		219,647
Humana, Inc.	3,133		801,014
Laboratory Corp. of America Holdings (A)	2,284		383,712
LHC Group, Inc. (A)	738		83,807
Magellan Health, Inc. (A)	566		35,149
McKesson Corp.	4,409		602,534
MedCath Corp. (A)(C)	613		307
MEDNAX, Inc. (A)	1,926		43,566
Molina Healthcare, Inc. (A)	1,455		159,643
National HealthCare Corp.	341		27,911
National Research Corp.	584		33,726
Option Care Health, Inc. (A)	3,600		11,520
Owens & Minor, Inc.	1,661		9,650
Patterson Companies, Inc.	2,037		36,299
PetIQ, Inc. (A)	575		15,675
Premier, Inc., Class A (A)	2,940		85,025
Quest Diagnostics, Inc.	3,120		333,934
Quorum Health Corp. (A)	392		474
R1 RCM, Inc. (A)	2,386		21,307
RadNet, Inc. (A)	1,310		18,812
Select Medical Holdings Corp. (A)	3,247		53,803
Surgery Partners, Inc. (A)(B)	1,386		10,236
Tenet Healthcare Corp. (A)	2,354		52,070
The Ensign Group, Inc.	1,243		58,955
The Joint Corp. (A)	360		6,700
The Providence Service Corp. (A)	241		14,330
Tivity Health, Inc. (A)	1,247		20,738
UnitedHealth Group, Inc.	22,049		4,791,689
Universal Health Services, Inc., Class B	2,092		311,185
US Physical Therapy, Inc.	288		37,598
WellCare Health Plans, Inc. (A)	1,167		302,451
			16,567,490
Health care technology – 0.2%
Allscripts Healthcare Solutions, Inc. (A)	3,723		40,879
Castlight Health, Inc., B Shares (A)	3,656		5,155
Cerner Corp.	7,547		514,479
Change Healthcare, Inc. (A)	2,913		35,189
Computer Programs & Systems, Inc.	379		8,569
Evolent Health, Inc., Class A (A)	2,045		14,704
HealthStream, Inc. (A)	886		22,939
HMS Holdings Corp. (A)	1,934		66,655
Inovalon Holdings, Inc., Class A (A)	3,391		55,578
Inspire Medical Systems, Inc. (A)	553		33,744
Medidata Solutions, Inc. (A)	1,476		135,054
NantHealth, Inc. (A)(B)	3,451		2,519
NextGen Healthcare, Inc. (A)	1,375		21,546
Omnicell, Inc. (A)	915		66,127
Simulations Plus, Inc.	455		15,789

 

282

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Tabula Rasa HealthCare, Inc. (A)	474	$	26,042
Teladoc Health, Inc. (A)(B)	1,669		113,025
Veeva Systems, Inc., Class A (A)	3,400		519,146
Vocera Communications, Inc. (A)	782		19,276
			1,716,415
Life sciences tools and services – 1.0%
Accelerate Diagnostics, Inc. (A)(B)	1,138		21,133
Adaptive Biotechnologies Corp. (A)(B)	2,817		87,045
Agilent Technologies, Inc.	7,331		561,775
Avantor, Inc. (A)	12,412		182,456
Bio-Rad Laboratories, Inc., Class A (A)	692		230,256
Bio-Techne Corp.	881		172,385
Bruker Corp.	3,651		160,388
Cambrex Corp. (A)	726		43,197
Charles River Laboratories International, Inc. (A)	1,131		149,710
Codexis, Inc. (A)	1,349		18,502
Fluidigm Corp. (A)	1,624		7,519
Harvard Bioscience, Inc. (A)	485		1,491
Illumina, Inc. (A)	3,412		1,037,999
IQVIA Holdings, Inc. (A)	4,575		683,414
Luminex Corp.	874		18,048
Medpace Holdings, Inc. (A)	869		73,031
Mettler-Toledo International, Inc. (A)	576		405,734
NanoString Technologies, Inc. (A)	769		16,603
NeoGenomics, Inc. (A)	2,516		48,106
Pacific Biosciences of California, Inc. (A)	3,229		16,662
PerkinElmer, Inc.	2,574		219,228
Personalis, Inc. (A)	696		10,214
PRA Health Sciences, Inc. (A)	1,526		151,425
Quanterix Corp. (A)	534		11,727
Syneos Health, Inc. (A)	2,414		128,449
Thermo Fisher Scientific, Inc.	9,279		2,702,694
Waters Corp. (A)	1,611		359,624
			7,518,815
Pharmaceuticals – 3.5%
AcelRx Pharmaceuticals, Inc. (A)(B)	2,585		5,687
Acer Therapeutics, Inc. (A)	299		954
Aclaris Therapeutics, Inc. (A)	747		807
Adamis Pharmaceuticals Corp. (A)	1,632		1,150
Aerie Pharmaceuticals, Inc. (A)	991		19,047
Agile Therapeutics, Inc. (A)	1,595		1,890
Akorn, Inc. (A)	3,187		12,111
Alexza Pharmaceuticals, Inc. (A)(C)	2,067		72
Allergan PLC	7,609		1,280,519
Amneal Pharmaceuticals, Inc. (A)	6,203		17,989
Amphastar Pharmaceuticals, Inc. (A)	1,295		25,680
Ampio Pharmaceuticals, Inc. (A)	1,902		953
ANI Pharmaceuticals, Inc. (A)	324		23,613
Aquestive Therapeutics, Inc. (A)	893		2,840
Arvinas, Inc. (A)	815		17,563
Assertio Therapeutics, Inc. (A)	1,816		2,324
Axsome Therapeutics, Inc. (A)	782		15,828
BioDelivery Sciences International, Inc. (A)	2,697		11,354
Bristol-Myers Squibb Company	37,960		1,924,952
Cara Therapeutics, Inc. (A)	894		16,342
Catalent, Inc. (A)	3,413		162,664
Cerecor, Inc. (A)	1,644		5,409
Chiasma, Inc. (A)	1,201		5,945
Clearside Biomedical, Inc. (A)	998		629
Collegium Pharmaceutical, Inc. (A)	840		9,643
Corcept Therapeutics, Inc. (A)	2,419		34,193
Corium International, Inc. (A)(C)	1,009		182

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Dermira, Inc. (A)	1,155	$	7,380
Dova Pharmaceuticals, Inc. (A)(B)	710		19,845
Durect Corp. (A)	4,211		7,748
Elanco Animal Health, Inc. (A)	8,669		230,509
Elanco Animal Health, Inc. (A)(C)	1,239		31
Eli Lilly & Company	22,530		2,519,530
Eloxx Pharmaceuticals, Inc. (A)	705		3,187
Endo International PLC (A)	5,320		17,077
Evofem Biosciences, Inc. (A)	1,489		7,505
Evolus, Inc. (A)(B)	516		8,060
Harrow Health, Inc. (A)	964		5,418
Horizon Therapeutics PLC (A)	4,296		116,980
Innovate Biopharmaceuticals, Inc. (A)	319		341
Innoviva, Inc. (A)	2,501		26,361
Intersect ENT, Inc. (A)	798		13,574
Johnson & Johnson	61,599		7,969,679
Kala Pharmaceuticals, Inc. (A)	674		2,565
Kaleido Biosciences, Inc. (A)(B)	966		7,274
Lannett Company, Inc. (A)	1,025		11,480
Liquidia Technologies, Inc. (A)	317		1,129
Marinus Pharmaceuticals, Inc. (A)	1,468		2,261
Melinta Therapeutics, Inc. (A)	156		594
Menlo Therapeutics, Inc. (A)	195		874
Merck & Company, Inc.	59,748		5,029,587
MyoKardia, Inc. (A)(B)	1,102		57,469
Nektar Therapeutics (A)	4,020		73,224
Neos Therapeutics, Inc. (A)(B)	969		1,434
NGM Biopharmaceuticals, Inc. (A)	1,577		21,841
Ocular Therapeutix, Inc. (A)(B)	1,316		4,001
Odonate Therapeutics, Inc. (A)	680		17,700
Omeros Corp. (A)(B)	1,320		21,556
Omthera Pharmaceuticals, Inc. (A)(C)	598		368
Omthera Pharmaceuticals, Inc. (A)(C)	498		137
Optinose, Inc. (A)	957		6,699
Osmotica Pharmaceuticals PLC (A)	824		3,164
Otonomy, Inc. (A)	1,390		3,322
Pacira BioSciences, Inc. (A)	923		35,139
Paratek Pharmaceuticals, Inc. (A)(B)	760		3,283
Pfizer, Inc.	128,834		4,629,006
Phibro Animal Health Corp., Class A	851		18,152
Prestige Consumer Healthcare, Inc. (A)	1,206		41,836
Provention Bio, Inc. (A)	902		6,156
Reata Pharmaceuticals, Inc., Class A (A)	714		57,327
resTORbio, Inc. (A)	720		6,365
Revance Therapeutics, Inc. (A)	851		11,063
scPharmaceuticals, Inc. (A)	640		3,789
Sienna Biopharmaceuticals, Inc. (A)	555		112
SIGA Technologies, Inc. (A)	2,522		12,913
Strongbridge Biopharma PLC (A)	1,240		2,964
Supernus Pharmaceuticals, Inc. (A)	1,156		31,767
Teligent, Inc. (A)(B)	1,521		1,445
Tetraphase Pharmaceuticals, Inc. (A)	70		373
TherapeuticsMD, Inc. (A)(B)	5,607		20,353
Tilray, Inc., Class 2 (A)(B)	2,285		56,531
Tricida, Inc. (A)	1,158		35,747
Urovant Sciences, Ltd. (A)	916		8,675
Verrica Pharmaceuticals, Inc. (A)	806		11,897
Xeris Pharmaceuticals, Inc. (A)	948		9,319
Zoetis, Inc.	11,112		1,384,444
Zogenix, Inc. (A)	1,017		40,721
Zynerba Pharmaceuticals, Inc. (A)	581		4,392
			26,254,013
			91,717,015
Industrials – 9.7%

 

283

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense – 2.5%
AAR Corp.	757	$	31,196
Aerojet Rocketdyne Holdings, Inc. (A)	1,840		92,938
AeroVironment, Inc. (A)	512		27,423
Arconic, Inc.	10,250		266,500
Astronics Corp. (A)	623		18,304
Astronics Corp., Class B (A)	93		2,726
Axon Enterprise, Inc. (A)	1,397		79,322
BWX Technologies, Inc.	2,222		127,121
Cubic Corp.	751		52,893
Curtiss-Wright Corp.	1,021		132,087
Ducommun, Inc. (A)	321		13,610
General Dynamics Corp.	6,705		1,225,205
HEICO Corp., Class A	3,116		303,218
Hexcel Corp.	1,959		160,893
Huntington Ingalls Industries, Inc.	967		204,801
Kratos Defense & Security Solutions, Inc. (A)	2,458		45,707
L3Harris Technologies, Inc.	5,141		1,072,618
Lockheed Martin Corp.	6,564		2,560,354
Maxar Technologies, Inc.	1,394		10,594
Mercury Systems, Inc. (A)	1,316		106,820
Moog, Inc., Class A	800		64,896
National Presto Industries, Inc.	196		17,462
Northrop Grumman Corp.	3,942		1,477,422
Park Aerospace Corp.	597		10,483
Parsons Corp. (A)	2,243		73,974
Raytheon Company	6,497		1,274,646
Spirit AeroSystems Holdings, Inc., Class A	2,408		198,034
Teledyne Technologies, Inc. (A)	855		275,301
Textron, Inc.	5,419		265,314
The Boeing Company	13,057		4,967,797
TransDigm Group, Inc.	1,235		643,027
Triumph Group, Inc.	1,030		23,566
United Technologies Corp.	20,007		2,731,356
Vectrus, Inc. (A)	294		11,951
Wesco Aircraft Holdings, Inc. (A)	2,140		23,561
			18,593,120
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A)	1,300		27,326
Atlas Air Worldwide Holdings, Inc. (A)	573		14,457
C.H. Robinson Worldwide, Inc.	3,131		265,446
Echo Global Logistics, Inc. (A)	790		17,894
Expeditors International of Washington, Inc.	4,016		298,349
FedEx Corp.	6,043		879,680
Forward Air Corp.	699		44,540
Hub Group, Inc., Class A (A)	749		34,829
United Parcel Service, Inc., Class B	19,968		2,392,566
XPO Logistics, Inc. (A)	2,135		152,802
			4,127,889
Airlines – 0.4%
Alaska Air Group, Inc.	2,896		187,979
Allegiant Travel Company	394		58,966
American Airlines Group, Inc.	10,318		278,276
Delta Air Lines, Inc.	15,183		874,541
Hawaiian Holdings, Inc.	993		26,076
JetBlue Airways Corp. (A)	6,903		115,625
Mesa Air Group, Inc. (A)	734		4,951
SkyWest, Inc.	1,159		66,527
Southwest Airlines Company	12,604		680,742
Spirit Airlines, Inc. (A)	1,614		58,588
United Airlines Holdings, Inc. (A)	6,103		539,566
			2,891,837

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products – 0.4%
AAON, Inc.	1,262	$	57,976
Advanced Drainage Systems, Inc.	1,309		42,241
American Woodmark Corp. (A)	392		34,853
AO Smith Corp.	3,863		184,304
Apogee Enterprises, Inc.	604		23,550
Armstrong Flooring, Inc. (A)	761		4,863
Armstrong World Industries, Inc.	1,135		109,755
Builders FirstSource, Inc. (A)	2,730		56,170
Continental Building Products, Inc. (A)	772		21,068
Cornerstone Building Brands, Inc. (A)	2,919		17,660
CSW Industrials, Inc.	335		23,125
Fortune Brands Home & Security, Inc.	3,250		177,775
Gibraltar Industries, Inc. (A)	685		31,469
Griffon Corp.	1,323		27,743
Insteel Industries, Inc.	543		11,148
JELD-WEN Holding, Inc. (A)	2,344		45,216
Johnson Controls International PLC	21,433		940,694
Lennox International, Inc.	906		220,131
Masco Corp.	6,801		283,466
Owens Corning	2,510		158,632
Patrick Industries, Inc. (A)	515		22,083
PGT Innovations, Inc. (A)	1,354		23,384
Quanex Building Products Corp.	554		10,016
Resideo Technologies, Inc. (A)	2,957		42,433
Simpson Manufacturing Company, Inc.	1,040		72,145
Trex Company, Inc. (A)	1,354		123,119
Universal Forest Products, Inc.	1,489		59,381
			2,824,400
Commercial services and supplies – 0.6%
ABM Industries, Inc.	1,566		56,877
ACCO Brands Corp.	2,362		23,313
ADT, Inc. (B)	17,595		110,321
Advanced Disposal Services, Inc. (A)	2,130		69,374
ARC Document Solutions, Inc. (A)	1,859		2,528
Brady Corp., Class A	1,234		65,464
BrightView Holdings, Inc. (A)	2,446		41,949
Casella Waste Systems, Inc., Class A (A)	1,180		50,669
CECO Environmental Corp. (A)	1,030		7,195
Cintas Corp.	2,426		650,411
Civeo Corp. (A)	3,710		4,712
Clean Harbors, Inc. (A)	1,304		100,669
Copart, Inc. (A)	5,324		427,677
Covanta Holding Corp.	3,090		53,426
Deluxe Corp.	1,021		50,192
Ennis, Inc.	700		14,147
Healthcare Services Group, Inc.	1,608		39,058
Heritage-Crystal Clean, Inc. (A)	637		16,881
Herman Miller, Inc.	1,463		67,430
HNI Corp.	1,011		35,891
Hudson Technologies, Inc. (A)	1,248		886
IAA, Inc. (A)	3,164		132,034
Interface, Inc.	1,386		20,014
KAR Auction Services, Inc.	3,164		77,676
Kimball International, Inc., Class B	1,061		20,477
Knoll, Inc.	1,051		26,643
LSC Communications, Inc.	987		1,362
Matthews International Corp., Class A	749		26,507
McGrath RentCorp	546		37,996
Mobile Mini, Inc.	1,065		39,256
MSA Safety, Inc.	874		95,362
NL Industries, Inc. (A)	1,371		5,155
PICO Holdings, Inc. (A)	659		6,649
Pitney Bowes, Inc.	4,518		20,647
Quad/Graphics, Inc.	1,451		15,250
Republic Services, Inc.	7,465		646,096

 

284

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Rollins, Inc.	7,708	$	262,612
RR Donnelley & Sons Company	1,999		7,536
SP Plus Corp. (A)	619		22,903
Steelcase, Inc., Class A	2,699		49,662
Stericycle, Inc. (A)	2,122		108,073
Swisher Hygiene, Inc. (A)(C)	450		0
Team, Inc. (A)	842		15,198
Tetra Tech, Inc.	1,284		111,400
The Brink's Company	1,157		95,973
UniFirst Corp.	428		83,511
US Ecology, Inc.	492		31,458
Viad Corp.	446		29,949
VSE Corp.	302		10,295
Waste Management, Inc.	9,855		1,133,325
			5,022,089
Construction and engineering – 0.2%
AECOM (A)	3,646		136,944
Aegion Corp. (A)	916		19,584
Ameresco, Inc., Class A (A)	1,258		20,216
Arcosa, Inc.	1,020		34,894
Argan, Inc.	415		16,305
Comfort Systems USA, Inc.	857		37,905
Construction Partners, Inc., Class A (A)	1,192		18,571
Dycom Industries, Inc. (A)	774		39,513
EMCOR Group, Inc.	1,303		112,214
Fluor Corp.	3,251		62,192
Granite Construction, Inc.	1,123		36,082
Great Lakes Dredge & Dock Corp. (A)	1,745		18,235
HC2 Holdings, Inc. (A)(B)	1,457		3,424
IES Holdings, Inc. (A)	602		12,395
Jacobs Engineering Group, Inc.	3,167		289,781
MasTec, Inc. (A)	1,765		114,601
MYR Group, Inc. (A)	461		14,425
Northwest Pipe Company (A)	368		10,359
Orion Group Holdings, Inc. (A)	1,081		4,865
Primoris Services Corp.	1,046		20,512
Quanta Services, Inc.	3,285		124,173
Sterling Construction Company, Inc. (A)	733		9,639
Tutor Perini Corp. (A)	1,370		19,632
Valmont Industries, Inc.	505		69,912
WillScot Corp. (A)	2,735		42,611
			1,288,984
Electrical equipment – 0.5%
Acuity Brands, Inc.	910		122,659
Allied Motion Technologies, Inc.	289		10,205
American Superconductor Corp. (A)	815		6,390
AMETEK, Inc.	5,288		485,544
Atkore International Group, Inc. (A)	1,040		31,564
AZZ, Inc.	556		24,219
Babcock & Wilcox Enterprises, Inc. (A)	170		814
Bloom Energy Corp., Class A (A)(B)	3,039		9,877
Eaton Corp. PLC	9,812		815,868
Emerson Electric Company	14,251		952,822
Encore Wire Corp.	450		25,326
Energous Corp. (A)(B)	688		2,281
EnerSys	980		64,621
FuelCell Energy, Inc. (A)	303		99
GrafTech International, Ltd. (B)	6,704		85,811
Hubbell, Inc.	1,250		164,250
LSI Industries, Inc.	199		1,039
Monitronics International, Inc. (A)	62		465
nVent Electric PLC	4,202		92,612
Plug Power, Inc. (A)(B)	6,157		16,193
Powell Industries, Inc.	332		12,998
Preformed Line Products Company	145		7,916

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Regal Beloit Corp.	1,021	$	74,380
Revolution Lighting Technologies, Inc. (A)(B)	1,281		296
Rockwell Automation, Inc.	2,745		452,376
Sunrun, Inc. (A)	2,559		42,748
Thermon Group Holdings, Inc. (A)	912		20,958
TPI Composites, Inc. (A)	945		17,719
Vicor Corp. (A)	869		25,653
Vivint Solar, Inc. (A)(B)	3,209		20,987
			3,588,690
Industrial conglomerates – 1.1%
3M Company	13,375		2,198,850
Carlisle Companies, Inc.	1,323		192,549
General Electric Company	202,411		1,809,554
Honeywell International, Inc.	16,883		2,856,604
Icahn Enterprises LP	4,276		274,519
Raven Industries, Inc.	807		27,002
Roper Technologies, Inc.	2,408		858,693
			8,217,771
Machinery – 1.7%
Actuant Corp., Class A	1,293		28,368
AGCO Corp.	1,795		135,882
Alamo Group, Inc.	239		28,135
Albany International Corp., Class A	769		69,333
Allison Transmission Holdings, Inc.	2,801		131,787
Altra Industrial Motion Corp.	1,494		41,376
Astec Industries, Inc.	516		16,048
Barnes Group, Inc.	1,235		63,652
Briggs & Stratton Corp.	1,186		7,187
Caterpillar, Inc.	13,255		1,674,239
Chart Industries, Inc. (A)	820		51,135
CIRCOR International, Inc. (A)	461		17,311
Colfax Corp. (A)	2,664		77,416
Columbus McKinnon Corp.	622		22,659
Commercial Vehicle Group, Inc. (A)	1,034		7,455
Crane Company	1,371		110,544
Cummins, Inc.	3,646		593,095
Deere & Company	7,346		1,239,123
Donaldson Company, Inc.	2,946		153,428
Douglas Dynamics, Inc.	435		19,388
Dover Corp.	3,365		335,019
Energy Recovery, Inc. (A)	1,545		14,314
EnPro Industries, Inc.	501		34,394
ESCO Technologies, Inc.	589		46,861
Evoqua Water Technologies Corp. (A)	2,421		41,205
Federal Signal Corp.	1,376		45,050
Flowserve Corp.	3,044		142,185
Fortive Corp.	7,774		532,985
Franklin Electric Company, Inc.	1,116		53,356
FreightCar America, Inc. (A)	410		1,989
Gardner Denver Holdings, Inc. (A)	4,654		131,662
Gates Industrial Corp. PLC (A)(B)	6,722		67,691
Gencor Industries, Inc. (A)	428		4,969
Graco, Inc.	3,819		175,827
Graham Corp.	354		7,030
Harsco Corp. (A)	1,884		35,721
Helios Technologies, Inc.	750		30,428
Hillenbrand, Inc.	1,562		48,235
Hurco Companies, Inc.	183		5,887
Hyster-Yale Materials Handling, Inc.	343		18,772
IDEX Corp.	1,751		286,954
Illinois Tool Works, Inc.	7,553		1,181,969
ITT, Inc.	2,001		122,441
John Bean Technologies Corp.	735		73,081
Kadant, Inc.	213		18,699

 

285

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Kennametal, Inc.	1,834	$	56,377
LB Foster Company, Class A (A)	298		6,458
Lincoln Electric Holdings, Inc.	1,458		126,496
Lindsay Corp.	285		26,462
Lydall, Inc. (A)	480		11,957
Manitex International, Inc. (A)	126		838
Meritor, Inc. (A)	1,815		33,578
Milacron Holdings Corp. (A)	1,513		25,222
Miller Industries, Inc.	317		10,556
Mueller Industries, Inc.	1,341		38,460
Mueller Water Products, Inc., Class A	3,700		41,588
Navistar International Corp. (A)	2,267		63,725
NN, Inc.	766		5,462
Nordson Corp.	1,356		198,329
Omega Flex, Inc.	281		28,732
Oshkosh Corp.	1,617		122,569
PACCAR, Inc.	8,064		564,561
Parker-Hannifin Corp.	2,971		536,592
Park-Ohio Holdings Corp.	359		10,720
Proto Labs, Inc. (A)	654		66,773
RBC Bearings, Inc. (A)	562		93,241
REV Group, Inc.	1,210		13,830
Rexnord Corp. (A)	2,553		69,059
Snap-on, Inc.	1,280		200,371
Spartan Motors, Inc.	989		13,569
SPX Corp. (A)	958		38,330
SPX FLOW, Inc. (A)	1,017		40,131
Standex International Corp.	280		20,423
Stanley Black & Decker, Inc.	3,495		504,713
Tennant Company	380		26,866
Terex Corp.	1,748		45,396
The Eastern Company	253		6,279
The ExOne Company (A)	79		699
The Gorman-Rupp Company	728		25,327
The Greenbrier Companies, Inc.	782		23,554
The Manitowoc Company, Inc. (A)	959		11,988
The Middleby Corp. (A)	1,279		149,515
The Timken Company	1,787		77,752
The Toro Company	2,460		180,318
Titan International, Inc.	1,677		4,528
TriMas Corp. (A)	1,035		31,723
Trinity Industries, Inc.	3,002		59,079
Twin Disc, Inc. (A)	354		3,749
Wabash National Corp.	1,110		16,106
WABCO Holdings, Inc. (A)	1,161		155,284
Wabtec Corp.	4,372		314,172
Watts Water Technologies, Inc., Class A	768		71,985
Welbilt, Inc. (A)	3,489		58,825
Woodward, Inc.	1,430		154,197
Xylem, Inc.	4,175		332,414
			12,663,163
Marine – 0.0%
Eagle Bulk Shipping, Inc. (A)	2,130		9,319
Kirby Corp. (A)	1,396		114,695
Matson, Inc.	993		37,247
			161,261
Professional services – 0.4%
Acacia Research Corp. (A)	1,963		5,261
ASGN, Inc. (A)	1,201		75,495
Barrett Business Services, Inc.	206		18,297
CBIZ, Inc. (A)	1,144		26,884
CoStar Group, Inc. (A)	849		503,627
CRA International, Inc.	233		9,779
Equifax, Inc.	2,808		395,001
Exponent, Inc.	1,223		85,488

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Forrester Research, Inc.	498	$	16,006
Franklin Covey Company (A)	395		13,825
FTI Consulting, Inc. (A)	895		94,861
Heidrick & Struggles International, Inc.	532		14,524
Hill International, Inc. (A)	1,520		4,545
Huron Consulting Group, Inc. (A)	481		29,505
ICF International, Inc.	424		35,815
InnerWorkings, Inc. (A)	1,547		6,853
Insperity, Inc.	955		94,182
Kelly Services, Inc., Class A	813		19,691
Kforce, Inc.	550		20,809
Korn Ferry	1,385		53,516
ManpowerGroup, Inc.	1,361		114,651
Mistras Group, Inc. (A)	810		13,284
Navigant Consulting, Inc.	910		25,435
Resources Connection, Inc.	841		14,289
Robert Half International, Inc.	2,746		152,842
TransUnion	4,340		352,017
TriNet Group, Inc. (A)	1,621		100,810
TrueBlue, Inc. (A)	816		17,218
Upwork, Inc. (A)	2,517		33,489
Verisk Analytics, Inc.	3,805		601,723
Willdan Group, Inc. (A)	264		9,261
			2,958,983
Road and rail – 1.1%
AMERCO	465		181,369
ArcBest Corp.	699		21,285
Avis Budget Group, Inc. (A)	1,756		49,625
Celadon Group, Inc. (A)	363		454
Covenant Transportation Group, Inc., Class A (A)	501		8,236
CSX Corp.	18,784		1,301,168
Daseke, Inc. (A)	1,206		3,015
Genesee & Wyoming, Inc., Class A (A)	1,327		146,647
Heartland Express, Inc.	1,920		41,299
Hertz Global Holdings, Inc. (A)	3,293		45,575
J.B. Hunt Transport Services, Inc.	2,526		279,502
Kansas City Southern	2,314		307,785
Knight-Swift Transportation Holdings, Inc. (B)	4,016		145,781
Landstar System, Inc.	927		104,362
Lyft, Inc., Class A (A)(B)	6,780		276,895
Marten Transport, Ltd.	1,111		23,087
Norfolk Southern Corp.	6,173		1,109,041
Old Dominion Freight Line, Inc.	1,868		317,504
P.A.M. Transportation Services, Inc. (A)	194		11,467
Roadrunner Transportation Systems, Inc. (A)	897		9,293
Ryder System, Inc.	1,209		62,590
Saia, Inc. (A)	568		53,222
Schneider National, Inc., Class B	4,282		93,005
Uber Technologies, Inc. (A)(B)	39,056		1,190,036
Union Pacific Corp.	16,425		2,660,522
Universal Logistics Holdings, Inc.	800		18,624
USA Truck, Inc. (A)	295		2,369
Werner Enterprises, Inc.	1,529		53,974
YRC Worldwide, Inc. (A)	936		2,827
			8,520,559
Trading companies and distributors – 0.3%
Air Lease Corp.	2,646		110,656
Aircastle, Ltd.	1,836		41,181
Applied Industrial Technologies, Inc.	957		54,358
Beacon Roofing Supply, Inc. (A)	1,681		56,364
BlueLinx Holdings, Inc. (A)	390		12,609
BMC Stock Holdings, Inc. (A)	1,489		38,982

 

286

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
CAI International, Inc. (A)	518	$	11,277
DXP Enterprises, Inc. (A)	493		17,117
EVI Industries, Inc.	320		10,214
Fastenal Company	13,284		433,988
Fortress Transportation & Infrastructure Investors LLC	1,753		26,558
Foundation Building Materials, Inc. (A)	1,193		18,480
GATX Corp.	834		64,660
GMS, Inc. (A)	892		25,618
H&E Equipment Services, Inc.	706		20,375
HD Supply Holdings, Inc. (A)	3,955		154,937
Herc Holdings, Inc. (A)	600		27,906
Kaman Corp.	645		38,352
Lawson Products, Inc. (A)	105		4,067
MRC Global, Inc. (A)	2,156		26,152
MSC Industrial Direct Company, Inc., Class A	1,289		93,491
NOW, Inc. (A)	2,361		27,081
Rush Enterprises, Inc., Class A	931		35,918
SiteOne Landscape Supply, Inc. (A)	976		72,244
Systemax, Inc.	1,010		22,230
Textainer Group Holdings, Ltd. (A)	1,558		15,440
Titan Machinery, Inc. (A)	613		8,790
United Rentals, Inc. (A)	1,820		226,845
Univar Solutions, Inc. (A)	3,777		78,411
Veritiv Corp. (A)	445		8,046
W.W. Grainger, Inc.	1,284		381,541
Watsco, Inc.	888		150,232
WESCO International, Inc. (A)	1,036		49,490
Willis Lease Finance Corp. (A)	124		6,867
			2,370,477
			73,229,223
Information technology – 20.5%
Communications equipment – 1.0%
Acacia Communications, Inc. (A)	946		61,868
ADTRAN, Inc.	1,330		15,089
Applied Optoelectronics, Inc. (A)(B)	524		5,879
Arista Networks, Inc. (A)	1,774		423,844
CalAmp Corp. (A)	968		11,151
Calix, Inc. (A)	1,502		9,598
Cambium Networks Corp. (A)	750		7,275
Casa Systems, Inc. (A)	2,022		15,883
Ciena Corp. (A)	3,691		144,798
Cisco Systems, Inc.	99,326		4,907,698
Clearfield, Inc. (A)	564		6,683
CommScope Holding Company, Inc. (A)	4,618		54,308
Comtech Telecommunications Corp.	652		21,190
DASAN Zhone Solutions, Inc. (A)	677		6,201
Digi International, Inc. (A)	773		10,528
EchoStar Corp., Class A (A)	2,189		86,728
EMCORE Corp. (A)	934		2,867
Extreme Networks, Inc. (A)	3,021		21,978
F5 Networks, Inc. (A)	1,382		194,060
Harmonic, Inc. (A)	2,423		15,943
Infinera Corp. (A)	3,517		19,168
Inseego Corp. (A)(B)	1,842		8,842
InterDigital, Inc.	739		38,775
Juniper Networks, Inc.	7,867		194,708
KVH Industries, Inc. (A)	618		6,582
Lumentum Holdings, Inc. (A)	1,796		96,194
Motorola Solutions, Inc.	3,820		650,966
NETGEAR, Inc. (A)	756		24,358
NetScout Systems, Inc. (A)	1,794		41,370
Plantronics, Inc.	988		36,872
Powerwave Technologies, Inc. (A)(C)	912		0

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Ribbon Communications, Inc. (A)	2,652	$	15,488
TESSCO Technologies, Inc.	79		1,135
Ubiquiti, Inc. (B)	1,640		193,946
UTStarcom Holdings Corp. (A)	215		639
ViaSat, Inc. (A)	1,408		106,051
Viavi Solutions, Inc. (A)	5,498		76,999
			7,535,662
Electronic equipment, instruments and components – 0.7%
Akoustis Technologies, Inc. (A)(B)	1,290		9,998
Amphenol Corp., Class A	6,930		668,745
Anixter International, Inc. (A)	820		56,678
Arlo Technologies, Inc. (A)	1,497		5,105
Arrow Electronics, Inc. (A)	1,960		146,177
Avnet, Inc.	2,464		109,611
AVX Corp.	3,760		57,152
Badger Meter, Inc.	658		35,335
Bel Fuse, Inc., Class B	346		5,200
Belden, Inc.	915		48,806
Benchmark Electronics, Inc.	800		23,248
CDW Corp.	3,394		418,277
Cognex Corp.	3,962		194,653
Coherent, Inc. (A)	550		84,546
Corning, Inc.	18,201		519,093
CTS Corp.	670		21,681
Daktronics, Inc.	1,241		9,165
Dolby Laboratories, Inc., Class A	2,370		153,197
ePlus, Inc. (A)	286		21,762
FARO Technologies, Inc. (A)	474		22,918
Fitbit, Inc., Class A (A)(B)	6,454		24,590
FLIR Systems, Inc.	3,162		166,290
II-VI, Inc. (A)(B)	2,161		76,073
Insight Enterprises, Inc. (A)	780		43,438
IPG Photonics Corp. (A)	1,218		165,161
Iteris, Inc. (A)	1,032		5,929
Itron, Inc. (A)	959		70,928
Jabil, Inc.	3,543		126,733
KEMET Corp.	1,301		23,652
Keysight Technologies, Inc. (A)	4,364		424,399
Kimball Electronics, Inc. (A)	758		10,999
Knowles Corp. (A)	2,030		41,290
Littelfuse, Inc.	585		103,726
Methode Electronics, Inc.	826		27,787
MicroVision, Inc. (A)	3,177		1,884
MTS Systems Corp.	479		26,465
Napco Security Technologies, Inc. (A)	429		10,948
National Instruments Corp.	3,048		127,986
nLight, Inc. (A)	864		13,530
Novanta, Inc. (A)	808		66,030
OSI Systems, Inc. (A)	422		42,858
PAR Technology Corp. (A)	370		8,795
PC Connection, Inc.	517		20,111
Plexus Corp. (A)	670		41,882
Rogers Corp. (A)	447		61,109
Sanmina Corp. (A)	1,562		50,156
ScanSource, Inc. (A)	708		21,629
SYNNEX Corp.	1,163		131,303
Tech Data Corp. (A)	848		88,396
Trimble, Inc. (A)	5,772		224,011
TTM Technologies, Inc. (A)	2,807		34,231
Vishay Intertechnology, Inc.	3,137		53,109
Vishay Precision Group, Inc. (A)	345		11,295
Zebra Technologies Corp., Class A (A)	1,253		258,582
			5,216,652
IT services – 4.7%
Akamai Technologies, Inc. (A)	3,783		345,691

 

287

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Alliance Data Systems Corp.	1,213	$	155,422
Automatic Data Processing, Inc.	10,104		1,630,988
Black Knight, Inc. (A)	3,490		213,099
Booz Allen Hamilton Holding Corp.	3,253		231,028
Brightcove, Inc. (A)	1,084		11,360
Broadridge Financial Solutions, Inc.	2,698		335,712
CACI International, Inc., Class A (A)	570		131,818
Carbonite, Inc. (A)	761		11,788
Cardtronics PLC, Class A (A)	1,005		30,391
Cass Information Systems, Inc.	256		13,821
Cognizant Technology Solutions Corp., Class A	13,215		796,402
Conduent, Inc. (A)	5,274		32,804
CoreLogic, Inc. (A)	1,811		83,795
CSG Systems International, Inc.	775		40,052
DXC Technology Company	6,225		183,638
Endurance International Group Holdings, Inc. (A)	4,023		15,086
EPAM Systems, Inc. (A)	1,255		228,812
Euronet Worldwide, Inc. (A)	1,211		177,169
Evo Payments, Inc., Class A (A)	1,905		53,569
Exela Technologies, Inc. (A)	2,147		2,533
ExlService Holdings, Inc. (A)	811		54,305
Fastly, Inc., Class A (A)(B)	2,096		50,304
Fidelity National Information Services, Inc.	14,217		1,887,449
Fiserv, Inc. (A)	15,747		1,631,232
FleetCor Technologies, Inc. (A)	2,001		573,847
Gartner, Inc. (A)	2,095		299,564
Genpact, Ltd.	4,417		171,159
Global Payments, Inc.	6,965		1,107,435
GoDaddy, Inc., Class A (A)	4,104		270,782
GreenSky, Inc., Class A (A)(B)	4,229		28,948
I3 Verticals, Inc., Class A (A)	606		12,193
IBM Corp.	20,561		2,989,981
Information Services Group, Inc. (A)	1,813		4,505
Internap Corp. (A)	588		1,517
Jack Henry & Associates, Inc.	1,787		260,848
KBR, Inc.	3,146		77,203
Leidos Holdings, Inc.	3,349		287,612
Limelight Networks, Inc. (A)	3,034		9,193
LiveRamp Holdings, Inc. (A)	1,549		66,545
ManTech International Corp., Class A	910		64,983
Mastercard, Inc., Class A	23,705		6,437,567
MAXIMUS, Inc.	1,442		111,409
MoneyGram International, Inc. (A)	1,519		6,046
MongoDB, Inc. (A)	1,293		155,781
NIC, Inc.	1,395		28,807
Okta, Inc. (A)	2,651		261,017
Paychex, Inc.	8,348		690,964
PayPal Holdings, Inc. (A)	27,270		2,824,899
Paysign, Inc. (A)(B)	1,105		11,161
Perficient, Inc. (A)	769		29,668
Perspecta, Inc.	3,853		100,640
PFSweb, Inc. (A)	944		2,388
Presidio, Inc.	1,938		32,752
PRGX Global, Inc. (A)	93		479
Sabre Corp.	6,378		142,835
Science Applications International Corp.	1,376		120,194
ServiceSource International, Inc. (A)	2,601		2,289
Square, Inc., Class A (A)	9,859		610,765
StarTek, Inc. (A)	653		4,225
Steel Connect, Inc. (A)	369		638
Switch, Inc., Class A	5,713		89,237
Sykes Enterprises, Inc. (A)	931		28,526

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
The Hackett Group, Inc.	800	$	13,168
The Western Union Company	9,966		230,912
TTEC Holdings, Inc.	1,092		52,285
Twilio, Inc., Class A (A)(B)	2,930		322,183
Unisys Corp. (A)	1,411		10,484
VeriSign, Inc. (A)	2,768		522,128
Verra Mobility Corp. (A)	3,707		53,195
Virtusa Corp. (A)	634		22,837
Visa, Inc., Class A	46,318		7,967,159
WEX, Inc. (A)	1,006		203,282
			35,664,503
Semiconductors and semiconductor equipment – 3.5%
ACM Research, Inc., Class A (A)	406		5,627
Adesto Technologies Corp. (A)(B)	969		8,295
Advanced Energy Industries, Inc. (A)	849		48,741
Advanced Micro Devices, Inc. (A)	25,106		727,823
Alpha & Omega Semiconductor, Ltd. (A)	677		8,314
Ambarella, Inc. (A)	765		48,069
Amkor Technology, Inc. (A)	5,742		52,252
Amtech Systems, Inc. (A)	540		2,862
Analog Devices, Inc.	8,583		958,979
Applied Materials, Inc.	21,724		1,084,028
Axcelis Technologies, Inc. (A)	854		14,595
AXT, Inc. (A)	1,039		3,699
Broadcom, Inc.	9,185		2,535,703
Brooks Automation, Inc.	1,689		62,544
Cabot Microelectronics Corp.	703		99,271
CEVA, Inc. (A)	604		18,035
Cirrus Logic, Inc. (A)	1,398		74,905
Cohu, Inc.	1,095		14,788
Cree, Inc. (A)	2,469		120,981
Cypress Semiconductor Corp.	8,625		201,308
Diodes, Inc. (A)	1,104		44,326
DSP Group, Inc. (A)	633		8,916
Enphase Energy, Inc. (A)	2,399		53,330
Entegris, Inc.	3,156		148,521
Everspin Technologies, Inc. (A)	685		4,199
First Solar, Inc. (A)	2,450		142,125
FormFactor, Inc. (A)	1,518		28,303
GSI Technology, Inc. (A)	84		736
Ichor Holdings, Ltd. (A)	384		9,285
Impinj, Inc. (A)	564		17,388
Inphi Corp. (A)	1,032		63,004
Intel Corp.	103,885		5,353,194
KLA Corp.	3,752		598,256
Kopin Corp. (A)	2,098		1,423
Kulicke & Soffa Industries, Inc.	1,626		38,178
Lam Research Corp.	3,479		804,032
Lattice Semiconductor Corp. (A)	3,017		55,166
MACOM Technology Solutions Holdings, Inc. (A)	1,335		28,696
Marvell Technology Group, Ltd.	15,375		383,914
Maxim Integrated Products, Inc.	6,331		366,628
MaxLinear, Inc. (A)	1,515		33,906
Microchip Technology, Inc.	5,513		512,213
Micron Technology, Inc. (A)	25,673		1,100,088
MKS Instruments, Inc.	1,251		115,442
Monolithic Power Systems, Inc.	1,002		155,941
Nanometrics, Inc. (A)	503		16,408
NeoPhotonics Corp. (A)	1,632		9,939
NVE Corp.	135		8,957
NVIDIA Corp.	14,133		2,460,131
ON Semiconductor Corp. (A)	9,577		183,974
PDF Solutions, Inc. (A)	908		11,868
Photronics, Inc. (A)	1,903		20,705

 

288

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
Pixelworks, Inc. (A)	1,308	$	4,840
Power Integrations, Inc.	699		63,211
Qorvo, Inc. (A)	2,768		205,220
QUALCOMM, Inc.	28,212		2,152,011
Rambus, Inc. (A)	2,510		32,944
Rudolph Technologies, Inc. (A)	596		15,711
Semtech Corp. (A)	1,605		78,019
Sigma Designs, Inc. (A)	1,202		219
Silicon Laboratories, Inc. (A)	1,003		111,684
Skyworks Solutions, Inc.	4,009		317,713
SMART Global Holdings, Inc. (A)	559		14,243
SunPower Corp. (A)(B)	3,145		34,501
Synaptics, Inc. (A)	681		27,206
Teradyne, Inc.	3,979		230,424
Texas Instruments, Inc.	21,770		2,813,555
Ultra Clean Holdings, Inc. (A)	903		13,215
Universal Display Corp.	1,082		181,668
Veeco Instruments, Inc. (A)	1,342		15,675
Versum Materials, Inc.	2,534		134,125
Xilinx, Inc.	5,893		565,139
Xperi Corp.	1,020		21,094
			25,902,428
Software – 7.0%
2U, Inc. (A)	1,508		24,550
8x8, Inc. (A)(B)	2,382		49,355
A10 Networks, Inc. (A)	1,971		13,679
ACI Worldwide, Inc. (A)	2,569		80,474
Adobe, Inc. (A)	11,319		3,126,874
Agilysys, Inc. (A)	672		17,210
Alarm.com Holdings, Inc. (A)	1,126		52,517
Altair Engineering, Inc., Class A (A)	1,719		59,512
Alteryx, Inc., Class A (A)	1,452		155,988
American Software, Inc., Class A	832		12,497
Anaplan, Inc. (A)	2,938		138,086
ANSYS, Inc. (A)	1,947		430,988
Appfolio, Inc., Class A (A)	788		74,970
Appian Corp. (A)(B)	1,440		68,400
Aspen Technology, Inc. (A)	1,600		196,928
Asure Software, Inc. (A)	96		644
Autodesk, Inc. (A)	5,095		752,532
Avalara, Inc. (A)	1,707		114,864
Avaya Holdings Corp. (A)	2,503		25,606
Benefitfocus, Inc. (A)	869		20,691
Blackbaud, Inc.	1,145		103,439
Blackline, Inc. (A)	1,264		60,432
Bottomline Technologies DE, Inc. (A)	936		36,832
Box, Inc., Class A (A)	3,262		54,019
Cadence Design Systems, Inc. (A)	6,519		430,776
Carbon Black, Inc. (A)	1,686		43,819
CDK Global, Inc.	2,814		135,325
Ceridian HCM Holding, Inc. (A)	3,275		161,687
ChannelAdvisor Corp. (A)	737		6,876
Cision, Ltd. (A)	3,436		26,423
Citrix Systems, Inc.	3,048		294,193
Cloudera, Inc. (A)(B)	5,998		53,142
CommVault Systems, Inc. (A)	1,132		50,612
Cornerstone OnDemand, Inc. (A)	1,383		75,816
Coupa Software, Inc. (A)	1,400		181,398
Crowdstrike Holdings, Inc., Class A (A)(B)	4,564		266,127
Digimarc Corp. (A)	311		12,157
DocuSign, Inc. (A)	4,025		249,228
Domo, Inc., Class B (A)	695		11,106
Dropbox, Inc., Class A (A)	9,566		192,946
Ebix, Inc.	768		32,333

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
eGain Corp. (A)	942	$	7,541
Envestnet, Inc. (A)	1,215		68,891
Everbridge, Inc. (A)	772		47,640
Fair Isaac Corp. (A)	671		203,662
FireEye, Inc. (A)	4,924		65,686
Five9, Inc. (A)	1,351		72,603
ForeScout Technologies, Inc. (A)	1,146		43,456
Fortinet, Inc. (A)	3,962		304,123
GlobalSCAPE, Inc.	747		8,568
Guidewire Software, Inc. (A)	1,849		194,848
HubSpot, Inc. (A)	979		148,426
Instructure, Inc. (A)	801		31,031
Intelligent Systems Corp. (A)	199		8,266
Intuit, Inc.	6,013		1,599,097
j2 Global, Inc.	1,135		103,081
LivePerson, Inc. (A)	1,615		57,656
LogMeIn, Inc.	1,161		82,385
Manhattan Associates, Inc. (A)	1,501		121,086
Microsoft Corp.	177,804		24,720,092
MicroStrategy, Inc., Class A (A)	260		38,576
Mitek Systems, Inc. (A)	911		8,791
MobileIron, Inc. (A)	2,654		17,370
Model N, Inc. (A)	815		22,624
Monotype Imaging Holdings, Inc.	1,161		22,999
New Relic, Inc. (A)	1,357		83,388
Nuance Communications, Inc. (A)	6,731		109,783
Nutanix, Inc., Class A (A)	4,326		113,558
OneSpan, Inc. (A)	1,137		16,487
Oracle Corp.	79,263		4,361,843
Pagerduty, Inc. (A)(B)	1,711		48,336
Palo Alto Networks, Inc. (A)	2,212		450,872
Paycom Software, Inc. (A)	1,357		284,278
Paylocity Holding Corp. (A)	1,265		123,439
Pegasystems, Inc.	1,836		124,940
Pivotal Software, Inc., Class A (A)	6,183		92,250
Pluralsight, Inc., Class A (A)(B)	3,226		54,181
Progress Software Corp.	987		37,565
Proofpoint, Inc. (A)	1,295		167,120
PROS Holdings, Inc. (A)	881		52,508
PTC, Inc. (A)	2,670		182,041
Q2 Holdings, Inc. (A)	1,026		80,921
Qualys, Inc. (A)	930		70,280
Rapid7, Inc. (A)	1,096		49,747
RealNetworks, Inc. (A)	1,582		2,626
RealPage, Inc. (A)	2,205		138,606
Rimini Street, Inc. (A)	1,519		6,653
RingCentral, Inc., Class A (A)	1,650		207,339
Riot Blockchain, Inc. (A)	273		486
SailPoint Technologies Holding, Inc. (A)	2,157		40,314
salesforce.com, Inc. (A)	20,178		2,995,222
SecureWorks Corp., Class A (A)	1,619		20,934
ServiceNow, Inc. (A)	4,285		1,087,747
ShotSpotter, Inc. (A)	262		6,034
Slack Technologies, Inc., Class A (A)(B)	4,509		106,999
Smartsheet, Inc., Class A (A)	2,655		95,660
SolarWinds Corp. (A)(B)	7,206		132,951
Splunk, Inc. (A)	3,503		412,864
SPS Commerce, Inc. (A)	806		37,938
SS&C Technologies Holdings, Inc.	5,868		302,613
SVMK, Inc. (A)	3,036		51,916
Symantec Corp.	14,336		338,760
Synchronoss Technologies, Inc. (A)	1,289		6,961
Synopsys, Inc. (A)	3,475		476,944
Telaria, Inc. (A)	648		4,478
Telenav, Inc. (A)	1,283		6,133

 

289

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Tenable Holdings, Inc. (A)	2,252	$	50,400
Teradata Corp. (A)	2,796		86,676
The Trade Desk, Inc., Class A (A)	1,027		192,614
THQ, Inc. (A)(C)	234		0
TiVo Corp.	2,831		21,558
Tyler Technologies, Inc. (A)	889		233,363
Upland Software, Inc. (A)	562		19,591
Varonis Systems, Inc. (A)	754		45,074
Verint Systems, Inc. (A)	1,548		66,223
Veritone, Inc. (A)	414		1,478
VirnetX Holding Corp. (A)(B)	1,593		8,602
VMware, Inc., Class A	9,522		1,428,871
Workday, Inc., Class A (A)	5,244		891,270
Workiva, Inc. (A)	1,029		45,101
Yext, Inc. (A)	2,503		39,773
Zendesk, Inc. (A)	2,543		185,334
Zix Corp. (A)	1,522		11,019
Zoom Video Communications, Inc., Class A (A)(B)	5,952		453,542
Zscaler, Inc. (A)(B)	2,887		136,440
Zuora, Inc., Class A (A)	2,576		38,769
			52,832,962
Technology hardware, storage and peripherals – 3.6%
3D Systems Corp. (A)	3,112		25,363
Apple, Inc.	106,772		23,913,662
AstroNova, Inc.	314		5,077
Avid Technology, Inc. (A)	1,126		6,970
Dell Technologies, Inc., Class C (A)	16,675		864,766
Diebold Nixdorf, Inc. (A)	2,085		23,352
Eastman Kodak Company (A)(B)	1,268		3,348
Hewlett Packard Enterprise Company	31,068		471,302
HP, Inc.	34,950		661,254
Immersion Corp. (A)	912		6,977
Intevac, Inc. (A)	912		4,779
NCR Corp. (A)	2,831		89,346
NetApp, Inc.	5,737		301,250
Pure Storage, Inc., Class A (A)	5,785		97,998
Quantum Corp. (A)	1,321		7,530
Sonim Technologies, Inc. (A)	572		1,676
Super Micro Computer, Inc. (A)	1,340		25,728
Western Digital Corp.	6,859		409,071
Xerox Holdings Corp.	5,212		155,891
			27,075,340
			154,227,547
Materials – 2.4%
Chemicals – 1.5%
A. Schulman, Inc. (A)(C)	827		358
Advanced Emissions Solutions, Inc.	90		1,336
AdvanSix, Inc. (A)	524		13,477
Air Products & Chemicals, Inc.	5,106		1,132,817
Albemarle Corp. (B)	2,443		169,837
American Vanguard Corp.	823		12,921
Amyris, Inc. (A)(B)	1,494		7,111
Ashland Global Holdings, Inc.	1,489		114,727
Axalta Coating Systems, Ltd. (A)	5,423		163,503
Balchem Corp.	789		78,261
Cabot Corp.	1,285		58,236
Celanese Corp.	2,933		358,677
CF Industries Holdings, Inc.	5,126		252,199
Chase Corp.	194		21,222
Ciner Resources LP	434		8,012
Core Molding Technologies, Inc. (A)	342		2,192
Corteva, Inc.	17,401		487,228
CVR Nitrogen LP (A)(C)	1,086		195

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Dow, Inc.	17,368	$	827,585
DuPont de Nemours, Inc.	17,370		1,238,655
Eastman Chemical Company	3,183		235,001
Ecolab, Inc.	6,706		1,328,056
Ferro Corp. (A)	1,781		21,123
Flotek Industries, Inc. (A)	1,632		3,590
FMC Corp.	3,054		267,775
FutureFuel Corp.	1,208		14,424
GCP Applied Technologies, Inc. (A)	1,735		33,399
Hawkins, Inc.	308		13,090
HB Fuller Company	1,233		57,408
Huntsman Corp.	5,357		124,604
Ingevity Corp. (A)	966		81,955
Innophos Holdings, Inc.	539		17,496
Innospec, Inc.	558		49,740
International Flavors & Fragrances, Inc.	2,475		303,658
Intrepid Potash, Inc. (A)	3,517		11,501
Koppers Holdings, Inc. (A)	574		16,767
Kraton Corp. (A)	856		27,640
Kronos Worldwide, Inc.	2,872		35,527
Livent Corp. (A)	3,377		22,592
LSB Industries, Inc. (A)	1,028		5,325
Marrone Bio Innovations, Inc. (A)	5,556		7,834
Minerals Technologies, Inc.	854		45,339
NewMarket Corp.	255		120,383
Olin Corp.	3,723		69,695
OMNOVA Solutions, Inc. (A)	1,269		12,779
PolyOne Corp.	1,812		59,162
PPG Industries, Inc.	5,476		648,961
PQ Group Holdings, Inc. (A)	3,097		49,366
Quaker Chemical Corp.	313		49,498
Rayonier Advanced Materials, Inc.	1,194		5,170
RPM International, Inc.	3,047		209,664
Sensient Technologies Corp.	988		67,826
Stepan Company	518		50,277
The Chemours Company	3,792		56,652
The Mosaic Company	8,927		183,004
The Scotts Miracle-Gro Company	1,314		133,791
The Sherwin-Williams Company	2,141		1,177,272
Trecora Resources (A)	757		6,828
Tredegar Corp.	935		18,251
Trinseo SA	883		37,925
Valhi, Inc.	8,461		16,076
Valvoline, Inc.	4,374		96,359
W.R. Grace & Company	1,558		104,012
Westlake Chemical Corp.	2,977		195,053
Westlake Chemical Partners LP	882		20,498
			11,060,895
Construction materials – 0.1%
Eagle Materials, Inc.	1,025		92,260
Forterra, Inc. (A)	1,860		13,448
Martin Marietta Materials, Inc.	1,448		396,897
Summit Materials, Inc., Class A (A)	2,729		60,584
U.S. Concrete, Inc. (A)	434		23,992
United States Lime & Minerals, Inc.	156		11,934
Vulcan Materials Company	3,064		463,399
			1,062,514
Containers and packaging – 0.4%
AptarGroup, Inc.	1,474		174,595
Avery Dennison Corp.	1,965		223,165
Ball Corp.	7,768		565,588
Berry Global Group, Inc. (A)	3,003		117,928
Crown Holdings, Inc. (A)	3,089		204,059
Graphic Packaging Holding Company	6,868		101,303
Greif, Inc., Class A	1,170		44,331

 

290

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging (continued)
International Paper Company	9,217	$	385,455
Myers Industries, Inc.	844		14,897
Owens-Illinois, Inc.	3,728		38,287
Packaging Corp. of America	2,154		228,539
Sealed Air Corp.	3,575		148,398
Silgan Holdings, Inc.	2,516		75,568
Sonoco Products Company	2,282		132,835
UFP Technologies, Inc. (A)	81		3,127
Westrock Company	6,019		219,393
			2,677,468
Metals and mining – 0.4%
AK Steel Holding Corp. (A)(B)	8,642		19,617
Alcoa Corp. (A)	4,227		84,836
Allegheny Technologies, Inc. (A)	2,908		58,887
Ampco-Pittsburgh Corp. (A)	449		1,652
Carpenter Technology Corp.	1,110		57,343
Century Aluminum Company (A)	2,372		15,738
Cleveland-Cliffs, Inc. (B)	6,283		45,363
Coeur Mining, Inc. (A)	5,000		24,050
Commercial Metals Company	2,807		48,786
Compass Minerals International, Inc.	807		45,587
Freeport-McMoRan, Inc.	33,676		322,279
Haynes International, Inc.	347		12,436
Hecla Mining Company	12,893		22,692
Kaiser Aluminum Corp.	390		38,598
Materion Corp.	423		25,955
Mayville Engineering Company, Inc. (A)	522		6,885
Newmont Goldcorp Corp.	18,980		719,722
Nucor Corp.	7,064		359,628
Olympic Steel, Inc.	377		5,429
Ramaco Resources, Inc. (A)	1,284		4,796
Reliance Steel & Aluminum Company	1,531		152,579
Royal Gold, Inc.	1,524		187,772
Ryerson Holding Corp. (A)	1,026		8,752
Schnitzer Steel Industries, Inc., Class A	739		15,268
Southern Copper Corp.	17,946		612,497
Steel Dynamics, Inc.	5,155		153,619
SunCoke Energy, Inc. (A)	2,863		16,147
TimkenSteel Corp. (A)	1,209		7,605
United States Steel Corp. (B)	3,783		43,694
Universal Stainless & Alloy Products, Inc. (A)	44		686
Warrior Met Coal, Inc.	1,152		22,487
Worthington Industries, Inc.	1,325		47,766
			3,189,151
Paper and forest products – 0.0%
Boise Cascade Company	875		28,516
Clearwater Paper Corp. (A)	458		9,673
Louisiana-Pacific Corp.	2,870		70,545
Neenah, Inc.	345		22,466
PH Glatfelter Company	1,214		18,683
Schweitzer-Mauduit International, Inc.	627		23,475
Verso Corp., Class A (A)	923		11,427
			184,785
			18,174,813
Real estate – 4.0%
Equity real estate investment trusts – 3.9%
Acadia Realty Trust	1,987		56,788
Agree Realty Corp.	897		65,616
Alexander & Baldwin, Inc.	1,588		38,922
Alexander's, Inc.	128		44,596
Alexandria Real Estate Equities, Inc.	2,623		404,047
American Assets Trust, Inc.	1,312		61,323
American Campus Communities, Inc.	3,206		154,144

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
American Finance Trust, Inc.	2,492	$	34,788
American Homes 4 Rent, Class A	6,963		180,272
American Tower Corp.	10,256		2,267,909
Americold Realty Trust	4,460		165,332
Apartment Investment & Management Company, A Shares	3,452		179,987
Apple Hospitality REIT, Inc.	5,214		86,448
Armada Hoffler Properties, Inc.	1,229		22,233
Ashford Hospitality Trust, Inc.	2,875		9,516
AvalonBay Communities, Inc.	3,236		696,808
Bluerock Residential Growth REIT, Inc.	692		8,145
Boston Properties, Inc.	3,609		467,943
Braemar Hotels & Resorts, Inc.	978		9,183
Brandywine Realty Trust	4,317		65,403
Brixmor Property Group, Inc.	6,917		140,346
BRT Apartments Corp.	103		1,502
Camden Property Trust	2,274		252,437
CareTrust REIT, Inc.	2,093		49,196
CatchMark Timber Trust, Inc., Class A	1,240		13,231
CBL & Associates Properties, Inc.	4,721		6,090
Cedar Realty Trust, Inc.	2,623		7,869
Chatham Lodging Trust	1,057		19,185
CIM Commercial Trust Corp.	337		5,224
Clipper Realty, Inc.	674		6,868
Colony Capital, Inc.	11,549		69,525
Columbia Property Trust, Inc.	2,649		56,026
Community Healthcare Trust, Inc.	472		21,028
CoreCivic, Inc.	2,856		49,352
CorEnergy Infrastructure Trust, Inc.	318		15,016
CorePoint Lodging, Inc.	1,422		14,376
CoreSite Realty Corp.	848		103,329
Corporate Office Properties Trust	2,713		80,793
Cousins Properties, Inc.	3,380		127,054
Crown Castle International Corp.	9,646		1,340,890
CubeSmart	4,395		153,386
CyrusOne, Inc.	2,643		209,061
DiamondRock Hospitality Company	4,627		47,427
Digital Realty Trust, Inc.	4,837		627,891
Douglas Emmett, Inc.	3,989		170,849
Duke Realty Corp.	8,379		284,635
Easterly Government Properties, Inc.	1,561		33,249
EastGroup Properties, Inc.	845		105,642
Empire State Realty Trust, Inc., Class A	4,008		57,194
EPR Properties	1,756		134,966
Equinix, Inc.	1,952		1,125,914
Equity Commonwealth	2,866		98,161
Equity LifeStyle Properties, Inc.	2,094		279,758
Equity Residential	8,560		738,386
Essential Properties Realty Trust, Inc.	1,324		30,333
Essex Property Trust, Inc.	1,527		498,795
Extra Space Storage, Inc.	2,960		345,787
Farmland Partners, Inc.	930		6,212
Federal Realty Investment Trust	1,729		235,386
First Industrial Realty Trust, Inc.	3,029		119,827
Four Corners Property Trust, Inc.	1,650		46,662
Franklin Street Properties Corp.	2,261		19,128
Front Yard Residential Corp.	1,524		17,617
Gaming and Leisure Properties, Inc.	5,004		191,353
Getty Realty Corp.	1,063		34,080
Gladstone Commercial Corp.	793		18,636
Gladstone Land Corp.	554		6,590
Global Medical REIT, Inc.	854		9,736
Global Net Lease, Inc.	2,125		41,438
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	1,459		42,530

 

291

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (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)
HCP, Inc.	11,003	$	392,037
Healthcare Realty Trust, Inc.	3,141		105,224
Healthcare Trust of America, Inc., Class A	4,785		140,583
Hersha Hospitality Trust	1,116		16,606
Highwoods Properties, Inc.	2,337		105,025
Host Hotels & Resorts, Inc.	17,180		297,042
Hudson Pacific Properties, Inc.	3,618		121,058
Independence Realty Trust, Inc.	2,197		31,439
Industrial Logistics Properties Trust	1,490		31,663
Innovative Industrial Properties, Inc.	259		23,924
Investors Real Estate Trust	226		16,875
Invitation Homes, Inc.	12,216		361,716
Iron Mountain, Inc.	6,548		212,090
iStar, Inc.	1,236		16,130
JBG SMITH Properties	3,178		124,609
Jernigan Capital, Inc.	373		7,180
Kilroy Realty Corp.	2,358		183,665
Kimco Realty Corp.	9,808		204,791
Kite Realty Group Trust	1,853		29,926
Lamar Advertising Company, Class A	2,334		191,225
Lexington Realty Trust	5,762		59,061
Liberty Property Trust	3,466		177,910
Life Storage, Inc.	1,082		114,054
LTC Properties, Inc.	915		46,866
Mack-Cali Realty Corp.	2,128		46,092
Medical Properties Trust, Inc.	10,323		201,918
MGM Growth Properties LLC, Class A	2,095		62,955
Mid-America Apartment Communities, Inc.	2,653		344,917
Monmouth Real Estate Investment Corp.	2,045		29,468
National Health Investors, Inc.	1,008		83,049
National Retail Properties, Inc.	3,745		211,218
National Storage Affiliates Trust	1,224		40,845
New Senior Investment Group, Inc.	2,354		15,725
New York REIT Liquidating LLC (A)(C)	457		8,301
NexPoint Residential Trust, Inc.	612		28,617
Office Properties Income Trust	1,248		38,239
Omega Healthcare Investors, Inc.	4,982		208,198
One Liberty Properties, Inc.	540		14,866
Outfront Media, Inc.	3,181		88,368
Paramount Group, Inc.	5,518		73,665
Park Hotels & Resorts, Inc.	5,519		137,809
Pebblebrook Hotel Trust	3,047		84,768
Pennsylvania Real Estate Investment Trust	1,986		11,360
Physicians Realty Trust	4,378		77,710
Piedmont Office Realty Trust, Inc., Class A	2,948		61,554
Plymouth Industrial REIT, Inc.	404		7,401
PotlatchDeltic Corp.	1,494		61,381
Preferred Apartment Communities, Inc., Class A	891		12,875
Prologis, Inc.	14,644		1,247,962
PS Business Parks, Inc.	631		114,810
Public Storage	4,049		993,098
QTS Realty Trust, Inc., Class A	1,322		67,964
Rayonier, Inc.	3,040		85,728
Realty Income Corp.	7,350		563,598
Regency Centers Corp.	3,898		270,872
Retail Opportunity Investments Corp.	2,606		47,507
Retail Properties of America, Inc., Class A	5,054		62,265
Retail Value, Inc.	474		17,557
Rexford Industrial Realty, Inc.	2,442		107,497

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
RLJ Lodging Trust	3,960	$	67,280
RPT Realty	1,545		20,935
Ryman Hospitality Properties, Inc.	1,193		97,599
Sabra Health Care REIT, Inc.	4,121		94,618
Safehold, Inc.	716		21,838
Saul Centers, Inc.	494		26,928
SBA Communications Corp.	2,631		634,466
Senior Housing Properties Trust	5,216		48,274
Seritage Growth Properties, Class A	961		40,833
Service Properties Trust	3,700		95,423
Simon Property Group, Inc.	7,165		1,115,232
SITE Centers Corp.	4,050		61,196
SL Green Realty Corp.	1,963		160,475
Spirit MTA REIT	1,158		9,774
Spirit Realty Capital, Inc.	2,317		110,892
STAG Industrial, Inc.	2,942		86,730
STORE Capital Corp.	5,288		197,824
Summit Hotel Properties, Inc.	2,173		25,207
Sun Communities, Inc.	2,112		313,526
Sunstone Hotel Investors, Inc.	5,057		69,483
Tanger Factory Outlet Centers, Inc.	2,303		35,650
Taubman Centers, Inc.	1,380		56,345
Terreno Realty Corp.	1,416		72,343
The Macerich Company	3,264		103,110
UDR, Inc.	6,502		315,217
UMH Properties, Inc.	958		13,489
Uniti Group, Inc.	4,409		34,236
Universal Health Realty Income Trust	293		30,120
Urban Edge Properties	2,827		55,946
Urstadt Biddle Properties, Inc., Class A	889		21,069
Ventas, Inc.	8,321		607,683
VEREIT, Inc.	22,730		222,299
VICI Properties, Inc.	9,506		215,311
Vornado Realty Trust	4,415		281,103
Washington Prime Group, Inc.	5,126		21,222
Washington Real Estate Investment Trust	1,849		50,589
Weingarten Realty Investors	3,004		87,507
Welltower, Inc.	9,399		852,019
Weyerhaeuser Company	17,315		479,626
Whitestone REIT	991		13,636
Winthrop Realty Trust (A)(C)	1,052		304
WP Carey, Inc.	3,961		354,510
Xenia Hotels & Resorts, Inc.	2,563		54,131
			28,946,223
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (A)	7,808		413,902
Consolidated-Tomoka Land Company	51		3,346
eXp World Holdings, Inc. (A)(B)	1,472		12,335
Five Point Holdings LLC, Class A (A)	2,953		22,148
Forestar Group, Inc. (A)	1,153		21,077
FRP Holdings, Inc. (A)	280		13,446
Griffin Industrial Realty, Inc.	208		7,894
Jones Lang LaSalle, Inc.	1,191		165,620
Kennedy-Wilson Holdings, Inc.	3,354		73,520
Landmark Infrastructure Partners LP	598		10,788
Marcus & Millichap, Inc. (A)	815		28,924
Maui Land & Pineapple Company, Inc. (A)	514		5,592
Newmark Group, Inc., Class A	4,365		39,547
Rafael Holdings, Inc., Class B (A)	333		6,980
RE/MAX Holdings, Inc., Class A	477		15,340
Redfin Corp. (A)	2,050		34,522
Tejon Ranch Company (A)	613		10,403
The Howard Hughes Corp. (A)	1,005		130,248
The RMR Group, Inc., Class A	720		32,746

 

292

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
The St. Joe Company (A)	1,562	$	26,757
			1,075,135
			30,021,358
Utilities – 3.2%
Electric utilities – 1.9%
ALLETE, Inc.	1,198		104,717
Alliant Energy Corp.	5,495		296,345
American Electric Power Company, Inc.	11,440		1,071,814
Avangrid, Inc.	7,188		375,573
Duke Energy Corp.	16,877		1,617,829
Edison International	7,559		570,100
El Paso Electric Company	968		64,933
Entergy Corp.	4,427		519,553
Evergy, Inc.	5,661		376,796
Eversource Energy	7,427		634,786
Exelon Corp.	22,503		1,087,120
FirstEnergy Corp.	12,312		593,808
Genie Energy, Ltd., B Shares	527		3,931
Hawaiian Electric Industries, Inc.	2,550		116,306
IDACORP, Inc.	1,142		128,669
MGE Energy, Inc.	844		67,410
NextEra Energy, Inc.	11,108		2,588,053
OGE Energy Corp.	4,651		211,062
Otter Tail Corp.	958		51,493
PG&E Corp. (A)	12,417		124,170
Pinnacle West Capital Corp.	2,598		252,188
PNM Resources, Inc.	1,800		93,744
Portland General Electric Company	2,078		117,137
PPL Corp.	16,706		526,072
Spark Energy, Inc., Class A	934		9,854
The Southern Company	24,129		1,490,448
Xcel Energy, Inc.	11,935		774,462
			13,868,373
Gas utilities – 0.2%
Atmos Energy Corp.	2,716		309,325
Chesapeake Utilities Corp.	361		34,411
Ferrellgas Partners LP (A)	2,897		3,071
National Fuel Gas Company	2,083		97,734
New Jersey Resources Corp.	2,032		91,887
Northwest Natural Holding Company	666		47,512
ONE Gas, Inc.	1,200		115,332
RGC Resources, Inc.	260		7,602
South Jersey Industries, Inc.	2,166		71,283
Southwest Gas Holdings, Inc.	1,196		108,884
Spire, Inc.	1,183		103,205
Star Group LP	997		9,442
Suburban Propane Partners LP	1,457		34,429
UGI Corp.	5,473		275,128
			1,309,245
Independent power and renewable electricity producers – 0.1%
AES Corp.	15,371		251,162
Atlantic Power Corp. (A)	3,721		8,707
NextEra Energy Partners LP	1,308		69,115
NRG Energy, Inc.	6,203		245,639
Ormat Technologies, Inc.	1,153		85,656
TerraForm Power, Inc., Class A	4,892		89,157
Vistra Energy Corp.	11,189		299,082
			1,048,518
Multi-utilities – 0.9%
Ameren Corp.	5,695		455,885
Avista Corp.	1,598		77,407
Black Hills Corp.	1,432		109,877

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
CenterPoint Energy, Inc.	11,642	$	351,356
CMS Energy Corp.	6,570		420,152
Consolidated Edison, Inc.	7,711		728,458
Dominion Energy, Inc.	18,636		1,510,261
DTE Energy Company	4,247		564,681
MDU Resources Group, Inc.	4,542		128,039
NiSource, Inc.	8,661		259,137
NorthWestern Corp.	1,169		87,733
Public Service Enterprise Group, Inc.	11,714		727,205
Sempra Energy	6,363		939,242
Unitil Corp.	380		24,107
WEC Energy Group, Inc.	7,315		695,657
			7,079,197
Water utilities – 0.1%
American States Water Company	858		77,100
American Water Works Company, Inc.	4,188		520,275
Aqua America, Inc.	5,025		225,271
AquaVenture Holdings, Ltd. (A)	770		14,961
Artesian Resources Corp., Class A	244		9,028
Cadiz, Inc. (A)(B)	630		7,869
California Water Service Group	1,119		59,229
Connecticut Water Service, Inc.	314		21,999
Global Water Resources, Inc.	187		2,214
Middlesex Water Company	325		21,112
Pure Cycle Corp. (A)	313		3,218
SJW Group	667		45,549
The York Water Company	354		15,456
			1,023,281
			24,328,614
TOTAL COMMON STOCKS (Cost $378,284,095)		$	735,093,079
PREFERRED SECURITIES – 0.0%
Communication services – 0.0%
Diversified telecommunication services – 0.0%
GCI Liberty, Inc., 7.000%	198		5,194
Industrials – 0.0%
Industrial conglomerates – 0.0%
Steel Partners Holdings LP, 6.000%	630		13,337
TOTAL PREFERRED SECURITIES (Cost $14,563)		$	18,531
RIGHTS – 0.0%
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(C)(D)	7,232		1,864
TOTAL RIGHTS (Cost $6,508)		$	1,864
WARRANTS – 0.0%
Basic Energy Services, Inc. (Expiration Date: 12-22-23; Strike Price: $55.25) (A)	55		0
C&J Energy Services, Inc. (Expiration Date: 1-6-24; Strike Price: $27.95) (A)	29		1
Genco Shipping & Trading, Ltd. (Expiration Date: 7-9-21; Strike Price: $20.99) (A)	92		6
Hycroft Mining Corp. (Expiration Date: 10-12-22) (A)(D)	196		10
SilverBow Resources, Inc. (Expiration Date: 4-22-20; Strike Price: $86.18) (A)	50		3
Talos Energy, Inc. (Expiration Date: 2-28-21; Strike Price: $42.04) (A)	80		78

 

293

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

		Shares or Principal Amount	Value
WARRANTS (continued)
Tidewater, Inc., Class A (Expiration Date: 7-31-23; Strike Price: $57.06) (A)		66	$	96
Tidewater, Inc., Class B (Expiration Date: 7-31-23; Strike Price: $62.28) (A)		71		85
TOTAL WARRANTS (Cost $18,908)			$	279
SECURITIES LENDING COLLATERAL – 1.5%
John Hancock Collateral Trust, 2.1169% (E)(F)		1,111,464		11,122,085
TOTAL SECURITIES LENDING COLLATERAL (Cost $11,122,293)			$	11,122,085
SHORT-TERM INVESTMENTS – 2.1%
U.S. Government Agency – 1.3%
Federal Agricultural Mortgage Corp. Discount Note 1.900%, 10/11/2019 *	$	10,000,000		9,994,778
Repurchase agreement – 0.8%
Repurchase Agreement with State Street Corp. dated 9-30-19 at 0.800% to be repurchased at $5,661,126 on 10-1-19, collateralized by $5,645,000 U.S. Treasury Notes, 2.625% due 6-15-21 (valued at $5,775,569, including interest)		5,661,000		5,661,000
TOTAL SHORT-TERM INVESTMENTS (Cost $15,655,722)			$	15,655,778
Total Investments (Total Stock Market Index Trust) (Cost $405,102,089) – 101.4%			$	761,891,616
Other assets and liabilities, net – (1.4%)				(10,641,310)
TOTAL NET ASSETS – 100.0%			$	751,250,306

Total Stock Market Index Trust (continued)

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $10,860,514.
(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 9-30-19.
(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

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	32	Long	Dec 2019	$2,527,989	$2,440,000	$(87,989)
S&P 500 Index Futures	16	Long	Dec 2019	12,044,550	11,914,000	(130,550)
S&P Mid 400 Index E-Mini Futures	17	Long	Dec 2019	3,339,888	3,294,600	(45,288)
						$(263,827)

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

Ultra Short Term Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 22.7%
U.S. Government – 20.6%
U.S. Treasury Notes
1.375%, 12/15/2019 to 01/15/2020	$	28,000,000	$	27,964,883
1.500%, 10/31/2019		15,000,000		14,992,644
1.750%, 11/30/2019		10,000,000		9,994,902
				52,952,429
U.S. Government Agency – 2.1%
Federal Home Loan Mortgage Corp.
2.230%, (12 month LIBOR + 1.641%), 09/01/2043 (A)		985,669		1,001,094
4.164%, (6 month LIBOR + 1.515%), 12/01/2035 (A)		69,092		70,978

Ultra Short Term Bond 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)
4.190%, (6 month LIBOR + 1.565%), 12/01/2036 (A)	$	24,378	$	25,138
4.197%, (12 month LIBOR + 1.447%), 06/01/2036 (A)		87,305		90,869
4.470%, (1 Year CMT + 2.295%), 08/01/2035 (A)		142,948		150,557
4.493%, (12 month LIBOR + 1.670%), 02/01/2036 (A)		103,478		108,063

 

294

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond 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)
4.530%, (12 month LIBOR + 1.623%), 05/01/2037 (A)	$	119,367	$	124,474
4.626%, (1 Year CMT + 2.099%), 12/01/2035 (A)		179,035		188,480
4.649%, (1 Year CMT + 2.165%), 11/01/2036 (A)		165,975		174,632
4.731%, (1 Year CMT + 2.231%), 05/01/2034 (A)		160,417		168,893
Federal National Mortgage Association
3.992%, (6 month LIBOR + 1.526%), 02/01/2035 (A)		161,108		166,653
4.080%, (6 month LIBOR + 1.487%), 10/01/2035 (A)		254,628		261,744
4.172%, (12 month LIBOR + 1.295%), 10/01/2038 (A)		91,478		94,705
4.285%, (12 month LIBOR + 1.448%), 04/01/2035 (A)		594,142		616,008
4.399%, (12 month LIBOR + 1.566%), 07/01/2035 (A)		309,346		322,370
4.675%, (1 Year CMT + 2.208%), 01/01/2036 (A)		105,059		110,610
4.717%, (1 Year CMT + 2.271%), 07/01/2035 (A)		179,861		189,111
4.724%, (1 Year CMT + 2.178%), 01/01/2036 (A)		176,857		186,201
4.775%, (1 Year CMT + 2.193%), 05/01/2036 (A)		354,395		373,119
4.839%, (1 Year CMT + 2.195%), 02/01/2035 (A)		300,106		315,282
4.931%, (1 Year CMT + 2.333%), 05/01/2034 (A)		111,258		117,136
Government National Mortgage Association 3.750%, (1 Year CMT + 1.500%), 08/20/2032 to 08/20/2035 (A)		437,664		448,921
				5,305,038
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $57,671,528)			$	58,257,467
CORPORATE BONDS – 52.2%
Communication services – 3.2%
CBS Corp. 3.375%, 03/01/2022		3,000,000		3,067,489
Charter Communications Operating LLC 3.579%, 07/23/2020		2,000,000		2,017,896
Verizon Communications, Inc. 4.600%, 04/01/2021 (B)		3,000,000		3,110,787
				8,196,172
Consumer discretionary – 5.1%
BMW US Capital LLC 3.100%, 04/12/2021 (C)		3,000,000		3,046,943
Daimler Finance North America LLC 2.850%, 01/06/2022 (C)		2,000,000		2,024,886
Ford Motor Credit Company LLC 3.336%, 03/18/2021		3,000,000		3,013,927
Nissan Motor Acceptance Corp. 2.550%, 03/08/2021 (C)		3,000,000		3,002,222
Toyota Motor Credit Corp. 1.550%, 10/18/2019		2,000,000		1,999,505
				13,087,483

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples – 3.9%
Altria Group, Inc. 2.625%, 01/14/2020	$	3,000,000	$	3,000,908
Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/2021		2,000,000		2,019,920
Keurig Dr Pepper, Inc. 3.551%, 05/25/2021		3,000,000		3,066,316
Kraft Heinz Foods Company 2.800%, 07/02/2020		2,000,000		2,003,437
				10,090,581
Energy – 2.5%
Colonial Pipeline Company 3.500%, 10/15/2020 (C)		1,000,000		1,007,597
Enbridge Energy Partners LP 4.375%, 10/15/2020		2,000,000		2,041,260
Enterprise Products Operating LLC 5.200%, 09/01/2020		2,000,000		2,055,780
Kinder Morgan, Inc. 6.500%, 09/15/2020		1,190,000		1,236,734
				6,341,371
Financials – 23.0%
American Express Credit Corp. 2.375%, 05/26/2020		2,000,000		2,002,604
Ameriprise Financial, Inc. 5.300%, 03/15/2020		3,000,000		3,040,144
Bank of America Corp. 5.625%, 07/01/2020		2,000,000		2,053,543
Bank of Montreal 2.100%, 12/12/2019		2,000,000		2,000,162
Barclays Bank PLC 5.125%, 01/08/2020		665,000		669,893
BB&T Corp. 2.450%, 01/15/2020 (B)		2,000,000		2,001,291
BPCE SA 2.250%, 01/27/2020		2,000,000		1,998,222
Capital One NA 2.950%, 07/23/2021		3,000,000		3,039,119
Citibank NA (3 month LIBOR + 0.350%) 2.531%, 02/12/2021 (A)		610,000		610,663
Citigroup, Inc. (3 month LIBOR + 1.310%) 3.577%, 10/26/2020 (A)		695,000		702,926
Citizens Bank NA 2.250%, 03/02/2020		3,000,000		3,000,943
Cooperatieve Rabobank UA 3.125%, 04/26/2021		3,000,000		3,051,472
Danske Bank A/S 2.000%, 09/08/2021 (C)		2,000,000		1,987,460
Discover Bank 3.100%, 06/04/2020		2,000,000		2,010,813
General Motors Financial Company 3.200%, 07/06/2021		3,000,000		3,030,670
HSBC USA, Inc. 5.000%, 09/27/2020		2,000,000		2,055,127
JPMorgan Chase & Co. (3 month LIBOR + 1.100%) 3.202%, 06/07/2021 (A)		822,000		831,701
JPMorgan Chase Bank NA (3 month LIBOR + 0.290%) 2.543%, 02/01/2021 (A)		750,000		750,240
Lincoln National Corp. 6.250%, 02/15/2020		2,010,000		2,037,823
Lloyds Banking Group PLC 3.000%, 01/11/2022		2,000,000		2,020,563
MassMutual Global Funding II 2.000%, 04/15/2021 (C)		2,000,000		1,997,637

 

295

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Metropolitan Life Global Funding I 2.000%, 04/14/2020 (C)	$	1,250,000	$	1,249,627
Mitsubishi UFJ Financial Group, Inc. (3 month LIBOR + 1.880%) 4.018%, 03/01/2021 (A)		2,246,000		2,293,072
National Rural Utilities Cooperative Finance Corp. 2.900%, 03/15/2021		2,000,000		2,024,999
Santander Holdings USA, Inc. 4.450%, 12/03/2021		3,000,000		3,133,274
The Goldman Sachs Group, Inc. 5.750%, 01/24/2022		2,000,000		2,154,847
The PNC Financial Services Group, Inc. 3.300%, 03/08/2022		2,000,000		2,063,893
U.S. Bancorp 3.000%, 03/15/2022		2,000,000		2,048,724
Wells Fargo & Company 2.500%, 03/04/2021		3,000,000		3,013,766
				58,875,218
Health care – 4.3%
Abbott Laboratories 2.550%, 03/15/2022		3,000,000		3,031,209
Anthem, Inc. 2.500%, 11/21/2020		3,000,000		3,010,257
Bayer US Finance LLC 3.000%, 10/08/2021 (C)		2,000,000		2,024,800
CVS Health Corp. (3 month LIBOR + 0.720%) 2.822%, 03/09/2021 (A)		3,000,000		3,014,468
				11,080,734
Industrials – 4.3%
AerCap Ireland Capital DAC 4.250%, 07/01/2020		2,000,000		2,027,459
Caterpillar Financial Services Corp. 2.100%, 01/10/2020		2,000,000		2,000,168
CSX Corp. 3.700%, 10/30/2020		3,000,000		3,036,687
General Electric Company 4.625%, 01/07/2021		2,000,000		2,051,930
The Boeing Company 2.300%, 08/01/2021		2,000,000		2,009,480
				11,125,724
Information technology – 3.5%
Broadcom, Inc. 3.125%, 04/15/2021 (C)		3,000,000		3,028,688
Dell International LLC 4.420%, 06/15/2021 (C)		3,000,000		3,093,227
IBM Corp. 2.850%, 05/13/2022		835,000		853,328
VMware, Inc. 2.300%, 08/21/2020		2,000,000		2,001,022
				8,976,265
Materials – 1.6%
Georgia-Pacific LLC 5.400%, 11/01/2020 (C)		2,000,000		2,068,791
Syngenta Finance NV 3.933%, 04/23/2021 (C)		1,880,000		1,914,381
				3,983,172
Real estate – 0.8%
Simon Property Group LP 4.375%, 03/01/2021		2,000,000		2,053,019
TOTAL CORPORATE BONDS (Cost $133,050,676)			$	133,809,739

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%
U.S. Government Agency – 0.4%
Federal National Mortgage Association Series 2013-10, Class FT (1 month LIBOR + 0.350%) 2.368%, 04/25/2042 (A)	$	977,712	$	974,346
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $979,850)			$	974,346
ASSET BACKED SECURITIES – 23.4%
Ally Auto Receivables Trust
Series 2017-3, Class A3 1.740%, 09/15/2021		651,228		650,325
Series 2019-1, Class A2 2.850%, 03/15/2022		1,785,356		1,790,806
American Express Credit Account Master Trust
Series 2017-1, Class A 1.930%, 09/15/2022		2,200,000		2,198,261
Series 2017-6, Class A 2.040%, 05/15/2023		3,000,000		3,003,283
BA Credit Card Trust Series 2017-A1, Class A1 1.950%, 08/15/2022		3,000,000		2,998,202
BMW Vehicle Owner Trust
Series 2016-A, Class A3 1.160%, 11/25/2020		27,193		27,170
Series 2018-A, Class A3 2.350%, 04/25/2022		2,000,000		2,004,522
Capital One Multi-Asset Execution Trust
Series 2015-A8, Class A8 2.050%, 08/15/2023		1,700,000		1,701,862
Series 2018-A1, Class A1 3.010%, 02/15/2024		1,500,000		1,525,326
CarMax Auto Owner Trust
Series 2016-1, Class A4 1.880%, 06/15/2021		2,013,268		2,011,124
Series 2016-2, Class A3 1.520%, 02/16/2021		136,745		136,681
Series 2017-3, Class A3 1.970%, 04/15/2022		1,592,488		1,591,359
CCG Receivables Trust Series 2017-1, Class A2 1.840%, 11/14/2023 (C)		1,028,013		1,026,443
Chase Issuance Trust Series 2015-A4, Class A4 1.840%, 04/15/2022		3,000,000		2,996,782
Citibank Credit Card Issuance Trust Series 2018-A1, Class A1 2.490%, 01/20/2023		4,000,000		4,029,448
Enterprise Fleet Financing LLC
Series 2017-2, Class A2 1.970%, 01/20/2023 (C)		830,643		829,885
Series 2018-3, Class A2 3.380%, 05/20/2024 (C)		304,840		308,699
Ford Credit Auto Owner Trust
Series 2015-1, Class A 2.120%, 07/15/2026 (C)		3,000,000		2,998,796
Series 2016-A, Class A4 1.600%, 06/15/2021		322,593		322,404
Series 2018-A, Class A3 3.030%, 11/15/2022		4,000,000		4,038,316
Series 2018-B, Class A3 3.240%, 04/15/2023		332,000		338,108
Ford Credit Floorplan Master Owner Trust Series 2017-2, Class A1 2.160%, 09/15/2022		700,000		700,209

 

296

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
GM Financial Consumer Automobile Receivables Trust Series 2018-1, Class A3 2.320%, 07/18/2022	$	1,400,000	$	1,403,678
GreatAmerica Leasing Receivables Funding LLC Series 2018-1, Class A3 2.600%, 06/15/2021 (C)		3,000,000		3,006,731
Honda Auto Receivables Owner Trust Series 2018-3, Class A3 2.950%, 08/22/2022		2,000,000		2,023,111
Huntington Auto Trust Series 2016-1, Class A4 1.930%, 04/15/2022		1,525,655		1,524,272
Mercedes-Benz Auto Receivables Trust Series 2016-1, Class A4 1.460%, 12/15/2022		3,000,000		2,987,548
Nissan Auto Receivables Owner Trust
Series 2016-A, Class A4 1.590%, 07/15/2022		2,954,900		2,948,871
Series 2017-B, Class A3 1.750%, 10/15/2021		1,069,195		1,067,774
Series 2019-A, Class A2A 2.820%, 01/18/2022		2,000,000		2,008,376
Toyota Auto Receivables Owner Trust Series 2019-A, Class A2A 2.830%, 10/15/2021		2,000,000		2,006,997
USAA Auto Owner Trust Series 2017-1, Class A4 1.880%, 09/15/2022		3,355,000		3,348,119
World Omni Auto Receivables Trust Series 2018-D, Class A3 3.330%, 04/15/2024		650,000		665,833
TOTAL ASSET BACKED SECURITIES (Cost $59,840,868)			$	60,219,321
SECURITIES LENDING COLLATERAL – 0.4%
John Hancock Collateral Trust, 2.1169% (D)(E)		96,724		967,888
TOTAL SECURITIES LENDING COLLATERAL (Cost $967,920)			$	967,888
SHORT-TERM INVESTMENTS – 5.3%
U.S. Government Agency – 4.8%
Federal Agricultural Mortgage Corp. Discount Note 1.700%, 10/01/2019 *	$	1,900,000		1,900,000
Federal Home Loan Bank Discount Note 1.580%, 10/01/2019 *		10,524,000		10,524,000
				12,424,000
Money market funds – 0.5%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.8787% (D)		1,212,650		1,212,650
TOTAL SHORT-TERM INVESTMENTS (Cost $13,636,650)			$	13,636,650
Total Investments (Ultra Short Term Bond Trust) (Cost $266,147,492) – 104.4%			$	267,865,411
Other assets and liabilities, net – (4.4%)				(11,333,556)
TOTAL NET ASSETS – 100.0%			$	256,531,855

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.

Ultra Short Term Bond Trust (continued)

(B)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $945,004.
(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 $34,616,813 or 13.5% of the fund's net assets as of 9-30-19.
(D)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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 – 94.3%
Communication services – 16.4%
Diversified telecommunication services – 3.7%
Cellnex Telecom SA (A)(B)	59,712	$	2,466,317
Hellenic Telecommunications Organization SA	160,191		2,207,004
Koninklijke KPN NV	512,893		1,598,400
Telesites SAB de CV (B)(C)	1,106,600		731,789
TELUS Corp.	102,691		3,654,663
			10,658,173
Media – 6.4%
Altice USA, Inc., Class A (B)	240,101		6,886,097
Charter Communications, Inc., Class A (B)	7,974		3,286,245
Comcast Corp., Class A	135,304		6,099,504
NOS SGPS SA	417,209		2,277,839
			18,549,685
Wireless telecommunication services – 6.3%
Advanced Info Service PCL, Foreign Quota Shares	395,500		2,847,156
KDDI Corp.	92,300		2,408,359
Millicom International Cellular SA	60,249		2,923,697
Millicom International Cellular SA (C)	5,232		254,641
Mobile TeleSystems PJSC, ADR	175,136		1,418,602
Rogers Communications, Inc., Class B	39,255		1,912,009
Tele2 AB, B Shares (C)	266,464		3,962,963
Vodafone Group PLC	875,382		1,744,027
XL Axiata Tbk PT (B)	3,375,450		817,932
			18,289,386
			47,497,244
Energy – 11.3%
Oil, gas and consumable fuels – 11.3%
Cheniere Energy, Inc. (B)	83,563		5,269,483
Enable Midstream Partners LP	55,735		670,492
Enbridge, Inc.	126,201		4,429,442
Enterprise Products Partners LP	220,099		6,290,429
EQM Midstream Partners LP	79,703		2,606,288
Equitrans Midstream Corp.	82,602		1,201,859
Plains All American Pipeline LP	41,845		868,284
Plains GP Holdings LP, Class A (B)	65,243		1,385,109
TC Energy Corp.	125,786		6,513,129
The Williams Companies, Inc.	99,467		2,393,176
Western Midstream Partners LP	36,502		908,535
			32,536,226
Real estate – 1.1%
Equity real estate investment trusts – 1.1%
American Tower Corp.	14,763		3,264,542
Utilities – 65.5%

 

297

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Utilities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities – 35.2%
American Electric Power Company, Inc.	76,820	$	7,197,266
Duke Energy Corp.	35,342		3,387,884
Edison International	78,960		5,955,163
EDP - Energias de Portugal SA	726,795		2,820,568
Emera, Inc.	69,070		3,032,125
Enel SpA	991,792		7,407,988
Entergy Corp.	77,944		9,147,508
Equatorial Energia SA	67,100		1,619,625
Evergy, Inc.	85,525		5,692,544
Exelon Corp.	287,975		13,912,072
FirstEnergy Corp.	256,165		12,354,838
Iberdrola SA	644,981		6,703,782
Neoenergia SA	190,400		942,617
NextEra Energy, Inc.	71,415		16,638,982
SSE PLC	325,254		4,975,682
			101,788,644
Gas utilities – 2.7%
AltaGas, Ltd. (C)	252,545		3,707,590
APA Group	145,933		1,130,232
China Resources Gas Group, Ltd.	592,000		2,929,516
			7,767,338
Independent power and renewable electricity producers – 13.4%
AES Corp.	220,783		3,607,594
Clearway Energy, Inc., Class A	65,666		1,138,648
EDP Renovaveis SA	1,418,443		15,292,478
NextEra Energy Partners LP (C)	65,335		3,452,301
NRG Energy, Inc.	140,142		5,549,623
NTPC, Ltd.	681,403		1,131,785
Vistra Energy Corp.	318,440		8,511,901
			38,684,330
Multi-utilities – 14.2%
CenterPoint Energy, Inc.	232,753		7,024,486
Dominion Energy, Inc.	92,750		7,516,460
National Grid PLC	341,666		3,699,318
NiSource, Inc.	97,192		2,907,985
Public Service Enterprise Group, Inc.	145,933		9,059,521
RWE AG	135,801		4,244,130
Sempra Energy	43,683		6,448,048
			40,899,948
			189,140,260
TOTAL COMMON STOCKS (Cost $219,785,565)		$	272,438,272
PREFERRED SECURITIES – 3.2%
Utilities – 3.2%

Utilities Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Electric utilities – 0.1%
American Electric Power Company, Inc., 6.125%	4,650	$	256,122
Gas utilities – 0.5%
South Jersey Industries, Inc., 7.250%	25,020		1,292,783
Multi-utilities – 2.6%
CenterPoint Energy, Inc., 7.000%	40,541		2,118,673
Dominion Energy, Inc., 7.250%	19,576		2,070,162
Sempra Energy, 6.000%	13,847		1,636,715
Sempra Energy, 6.750%	13,883		1,633,474
			7,459,024
			9,007,929
TOTAL PREFERRED SECURITIES (Cost $8,276,533)		$	9,007,929
SECURITIES LENDING COLLATERAL – 2.6%
John Hancock Collateral Trust, 2.1169% (D)(E)	758,816		7,593,248
TOTAL SECURITIES LENDING COLLATERAL (Cost $7,593,278)		$	7,593,248
SHORT-TERM INVESTMENTS – 2.1%
Money market funds – 2.1%
State Street Institutional Treasury Money Market Fund, Premier Class, 1.9456% (D)	6,081,051		6,081,051
TOTAL SHORT-TERM INVESTMENTS (Cost $6,081,051)		$	6,081,051
Total Investments (Utilities Trust) (Cost $241,736,427) – 102.2%		$	295,120,500
Other assets and liabilities, net – (2.2%)			(6,267,931)
TOTAL NET ASSETS – 100.0%		$	288,852,569

Security Abbreviations and Legend
ADR	American Depositary Receipt
(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.
(B)	Non-income producing security.
(C)	All or a portion of this security is on loan as of 9-30-19. The value of securities on loan amounted to $7,318,778.
(D)	The rate shown is the annualized seven-day yield as of 9-30-19.
(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

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
CAD	128,284	USD	96,867	MLI	10/11/2019	—	$(21)
EUR	109,561	USD	122,032	BNP	10/11/2019	—	(2,535)
EUR	481,936	USD	538,604	CITI	10/11/2019	—	(12,960)
EUR	107,197	USD	121,506	MSCS	10/11/2019	—	(4,587)
USD	1,315,744	CAD	1,719,634	DB	10/11/2019	$17,541	—
USD	14,053,041	CAD	18,365,090	MLI	10/11/2019	188,685	—
USD	230,331	CAD	300,119	MSCS	10/11/2019	3,762	—
USD	5,333,939	EUR	4,797,546	BNP	10/11/2019	101,285	—
USD	19,280,966	EUR	17,069,290	CITI	10/11/2019	663,596	—
USD	5,798,471	EUR	5,209,182	DB	11/18/2019	101,010	—

298

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Utilities Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	984,178	GBP	791,723	CITI	10/11/2019	$10,352	—
USD	5,322,580	GBP	4,240,205	DB	10/11/2019	107,092	—
USD	448,299	GBP	358,000	MLI	10/11/2019	7,956	—
USD	4,431,555	SEK	41,754,556	CITI	10/11/2019	187,458	—
						$1,388,737	$(20,103)

Derivatives Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
SEK	Swedish Krona
USD	U.S. Dollar

Derivatives Abbreviations
BNP	BNP Paribas
CITI	Citibank, N.A.
DB	Deutsche Bank AG
MLI	Merrill Lynch International
MSCS	Morgan Stanley Capital Services LLC
OTC	Over-the-counter

299

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Subadvisors of Affiliated Underlying Funds
Dimensional Fund Advisors, LP	(DFA)
Manulife Investment Management (US) LLC	(MIM US)
Redwood Investments, LLC	(Redwood)
T. Rowe Price Associates, Inc.	(T. Rowe Price)
Wellington Management Company, LLP	(Wellington)
Wells Capital Management, Incorporated	(Wells Capital)

The following portfolios had the following country composition as a percentage of net assets, unless otherwise indicated, on 9-30-19:

Capital Appreciation Trust

United States	85.1%
China	4.5%
France	3.9%
Canada	2.5%
United Kingdom	1.8%
Netherlands	1.2%
Germany	1.0%
TOTAL	100.0%

Financial Industries Trust

United States	84.6%
United Kingdom	5.5%
Bermuda	2.0%
Switzerland	1.8%
France	1.3%
Netherlands	1.2%
Other countries	3.6%
TOTAL	100.0%

Health Sciences Trust

United States	87.6%
Switzerland	3.4%
United Kingdom	2.1%
Japan	1.5%
Netherlands	1.3%
Denmark	1.2%
Other countries	2.9%
TOTAL	100.0%

High Yield Trust

United States	73.4%
Cayman Islands	6.8%
Canada	5.2%
United Kingdom	2.7%
France	2.1%
Luxembourg	1.7%
Netherlands	1.5%
Ireland	1.1%
United Arab Emirates	1.0%
Other countries	4.5%
TOTAL	100.0%

Investment Quality Bond Trust (as a percentage of total investments)

United States	89.4%
Cayman Islands	2.9%
Other countries	7.7%
TOTAL	100.0%

Mid Value Trust

United States	85.0%
Canada	7.1%
Ireland	2.7%
Denmark	1.4%
Switzerland	1.1%
Other countries	2.7%
TOTAL	100.0%

Mutual Shares Trust

United States	81.9%
United Kingdom	7.1%
Ireland	3.7%
Switzerland	3.1%
Netherlands	1.9%
South Korea	1.8%
Other countries	0.5%
TOTAL	100.0%

Science & Technology Trust

United States	82.5%
China	6.6%
South Korea	4.5%
Germany	1.6%
Russia	1.3%
Netherlands	1.0%
Australia	1.0%
Other countries	1.5%
TOTAL	100.0%

Small Cap Value Trust

United States	89.7%
United Kingdom	3.9%
India	2.0%
Ireland	1.7%
Luxembourg	1.6%
Monaco	1.0%
Other countries	0.1%
TOTAL	100.0%

300

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust

United States	66.4%
Japan	7.9%
United Kingdom	5.2%
France	3.5%
Switzerland	3.4%
Germany	2.7%
Australia	2.3%
Netherlands	1.5%
Hong Kong	1.1%
Ireland	1.0%
Other countries	5.0%
TOTAL	100.0%

Strategic Income Opportunities Trust

United States	62.9%
Canada	5.8%
Indonesia	3.5%
Supranational	2.7%
Brazil	2.5%
Philippines	2.4%
Singapore	2.0%
Ireland	1.9%
Norway	1.6%
Luxembourg	1.4%
Other countries	13.3%
TOTAL	100.0%

Utilities Trust

United States	64.7%
Spain	8.5%
Canada	8.0%
United Kingdom	3.6%
Italy	2.6%
Portugal	1.8%
Germany	1.5%
Sweden	1.4%
Luxembourg	1.1%
Hong Kong	1.0%
Other countries	5.8%
TOTAL	100.0%

 

The following portfolios had the following sector composition as a percentage of net assets on 9-30-19:

Emerging Markets Value Trust

Financials	31.0%
Energy	16.5%
Materials	15.5%
Industrials	8.6%
Information technology	7.1%
Consumer discretionary	6.7%
Communication services	4.4%
Real estate	3.7%
Consumer staples	2.0%
Health care	1.6%
Utilities	1.6%
Short-term investments and other	1.3%
TOTAL	100.0%

Global Trust

Financials	21.7%
Health care	18.0%
Communication services	14.0%
Consumer staples	11.1%
Energy	9.2%
Industrials	7.4%
Consumer discretionary	4.8%
Information technology	4.6%
Utilities	3.6%
Materials	2.2%
Real estate	1.2%
Short-term investments and other	2.2%
TOTAL	100.0%

301

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2019 (unaudited) (showing percentage of total net assets)

International Equity Index Trust

Financials	22.2%
Consumer discretionary	11.1%
Industrials	11.0%
Consumer staples	10.3%
Information technology	9.2%
Health care	7.9%
Communication services	7.0%
Energy	6.7%
Materials	6.5%
Utilities	3.4%
Real estate	2.8%
Short-term investments and other	1.9%
TOTAL	100.0%

International Growth Stock Trust

Consumer staples	17.2%
Financials	16.8%
Industrials	16.4%
Information technology	15.7%
Consumer discretionary	11.2%
Health care	6.2%
Energy	4.7%
Communication services	4.3%
Materials	2.9%
Short-term investments and other	4.6%
TOTAL	100.0%

International Small Company Trust

Industrials	24.7%
Consumer discretionary	13.8%
Financials	11.9%
Materials	10.7%
Information technology	9.1%
Real estate	5.8%
Communication services	5.1%
Consumer staples	5.1%
Utilities	4.2%
Health care	4.1%
Energy	3.8%
Short-term investments and other	1.7%
TOTAL	100.0%

International Value Trust

Financials	20.8%
Energy	14.2%
Health care	11.8%
Communication services	9.4%
Materials	7.8%
Information technology	7.0%
Industrials	6.4%
Consumer staples	4.9%
Consumer discretionary	4.7%
Utilities	3.3%
Real estate	3.1%
Short-term investments and other	6.6%
TOTAL	100.0%

302

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 or closed-end funds, 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 in open-end mutual funds, including John Hancock Collateral Trust, are valued at their respective NAVs each business day. Debt obligations typically are valued based on the evaluated prices provided by an independent pricing vendor. 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 mid-price of the last quoted bid and ask prices from the primary exchange where the option trades. Unlisted options are generally valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are typically valued at the last traded price on the exchange on which they trade. Foreign equity index futures that trade in the electronic trading market subsequent to the close of regular trading may be valued at the last traded price in the electronic trading market as of 4:00 p.m. ET, or may be fair valued based on fair value adjustment factors provided by an independent pricing vendor in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE. Swaps are valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies 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.

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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the portfolios' own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the portfolios' investments as of September 30, 2019, by major security category or type:

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
500 Index Trust
Investments in securities:
Assets
Common stocks	$5,630,607,578	$5,630,607,578	—	—
Securities lending collateral	7,941,306	7,941,306	—	—
Short-term investments	161,164,600	—	$161,164,600	—
Total investments in securities	$5,799,713,484	$5,638,548,884	$161,164,600	—
Derivatives:
Liabilities
Futures	$(2,029,372)	$(2,029,372)	—	—
Active Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$318,992,295	—	$318,992,295	—
Foreign government obligations	4,340,837	—	4,340,837	—

303

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Active Bond Trust (continued)
Corporate bonds	$273,454,278	—	$273,454,278	—
Capital preferred securities	1,359,786	—	1,359,786	—
Municipal bonds	4,798,494	—	4,798,494	—
Term loans	184,102	—	184,102	—
Collateralized mortgage obligations	64,324,749	—	64,324,749	—
Asset backed securities	61,805,212	—	61,805,212	—
Preferred securities	953,747	$760,955	192,792	—
Securities lending collateral	7,670,624	7,670,624	—	—
Short-term investments	58,717,447	53,762,447	4,955,000	—
Total investments in securities	$796,601,571	$62,194,026	$734,407,545	—
American Asset Allocation Trust
Investments in securities:
Assets
Investment companies	$1,360,878,734	$1,360,878,734	—	—
Total investments in securities	$1,360,878,734	$1,360,878,734	—	—
American Global Growth Trust
Investments in securities:
Assets
Investment companies	$205,145,023	$205,145,023	—	—
Total investments in securities	$205,145,023	$205,145,023	—	—
American Growth Trust
Investments in securities:
Assets
Investment companies	$808,980,372	$808,980,372	—	—
Total investments in securities	$808,980,372	$808,980,372	—	—
American Growth-Income Trust
Investments in securities:
Assets
Investment companies	$961,219,766	$961,219,766	—	—
Total investments in securities	$961,219,766	$961,219,766	—	—
American International Trust
Investments in securities:
Assets
Investment companies	$459,917,608	$459,917,608	—	—
Total investments in securities	$459,917,608	$459,917,608	—	—
Blue Chip Growth Trust
Investments in securities:
Assets
Common stocks
Communication services	$320,909,167	$277,433,259	$43,475,908	—
Consumer discretionary	439,353,391	439,353,391	—	—
Consumer staples	953,899	953,899	—	—
Energy	8,792,387	8,792,387	—	—
Financials	111,113,034	111,113,034	—	—
Health care	303,680,897	303,680,897	—	—
Industrials	193,149,143	193,149,143	—	—

304

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Blue Chip Growth Trust (continued)
Information technology	$639,568,293	$639,568,293	—	—
Materials	15,774,203	15,774,203	—	—
Real estate	356,019	356,019	—	—
Utilities	7,980,855	7,980,855	—	—
Securities lending collateral	2,745,243	2,745,243	—	—
Short-term investments	4,587,904	4,587,904	—	—
Total investments in securities	$2,048,964,435	$2,005,488,527	$43,475,908	—
Capital Appreciation Trust
Investments in securities:
Assets
Common stocks
Communication services	$73,448,782	$65,297,698	$8,151,084	—
Consumer discretionary	103,241,842	90,854,170	12,387,672	—
Consumer staples	23,175,032	23,175,032	—	—
Financials	10,691,235	10,691,235	—	—
Health care	51,802,172	51,802,172	—	—
Industrials	32,927,430	21,200,514	11,726,916	—
Information technology	189,611,801	183,657,013	5,954,788	—
Real estate	8,145,430	8,145,430	—	—
Securities lending collateral	13,805,626	13,805,626	—	—
Short-term investments	567,011	567,011	—	—
Total investments in securities	$507,416,361	$469,195,901	$38,220,460	—
Capital Appreciation Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$14,395,258	$14,395,258	—	—
Consumer discretionary	20,374,142	20,374,142	—	—
Consumer staples	2,980,175	2,980,175	—	—
Energy	889,490	889,490	—	—
Financials	23,247,616	23,247,616	—	—
Health care	49,957,904	44,316,006	$5,641,898	—
Industrials	31,540,053	31,540,053	—	—
Information technology	64,385,872	64,385,872	—	—
Real estate	2,366,091	2,366,091	—	—
Utilities	28,686,441	28,686,441	—	—
Preferred securities
Financials	7,699,028	7,699,028	—	—
Health care	6,005,276	6,005,276	—	—
Industrials	975,423	—	975,423	—
Utilities	7,765,736	7,765,736	—	—
Corporate bonds	67,352,731	—	67,352,731	—
Term loans	14,018,452	—	14,018,452	—
Asset backed securities	1,367,819	—	1,367,819	—
Securities lending collateral	3,781,350	3,781,350	—	—
Short-term investments	55,553,436	52,181,436	3,372,000	—
Total investments in securities	$403,342,293	$310,613,970	$92,728,323	—
Derivatives:
Liabilities
Written options	$(3,760,518)	—	$(3,760,518)	—

305

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Core Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$637,473,146	—	$637,473,146	—
Foreign government obligations	6,157,902	—	6,157,902	—
Corporate bonds	285,030,237	—	285,030,237	—
Municipal bonds	7,134,235	—	7,134,235	—
Collateralized mortgage obligations	110,215,461	—	110,215,461	—
Asset backed securities	131,389,892	—	131,389,892	—
Securities lending collateral	5,494,586	$5,494,586	—	—
Short-term investments	10,082,656	10,082,656	—	—
Total investments in securities	$1,192,978,115	$15,577,242	$1,177,400,873	—
Liabilities
Sale commitments outstanding	$(3,839,295)	—	$(3,839,295)	—
Emerging Markets Value Trust
Investments in securities:
Assets
Common stocks
Brazil	$12,667,122	$12,667,122	—	—
Chile	2,817,873	—	$2,817,873	—
China	22,989,802	1,360,485	21,566,158	$63,159
Colombia	732,938	572,611	—	160,327
Czech Republic	567,235	—	567,235	—
Greece	722,605	—	722,605	—
Hong Kong	10,396,920	97,052	10,247,642	52,226
Hungary	761,210	—	761,210	—
India	27,168,571	626,175	26,459,922	82,474
Indonesia	5,253,348	—	5,211,016	42,332
Malaysia	6,261,567	—	6,261,567	—
Mexico	6,660,818	6,660,818	—	—
Philippines	4,143,697	—	4,142,432	1,265
Poland	2,073,052	—	2,073,052	—
Russia	4,511,500	—	4,511,500	—
Singapore	16,117	—	16,117	—
South Africa	14,387,531	1,143,452	13,231,992	12,087
South Korea	33,216,877	5,147,280	28,016,155	53,442
Spain	373,134	373,134	—	—
Taiwan	34,132,286	477,426	33,628,557	26,303
Thailand	6,190,551	—	6,190,551	—
Turkey	2,016,608	—	2,015,690	918
Ukraine	107,828	—	107,828	—
United States	4,955	—	4,955	—
Preferred securities
Brazil	4,850,571	4,850,571	—	—
Colombia	237,154	237,154	—	—
Panama	18,078	18,078	—	—
South Korea	14,296	—	14,296	—
Warrants	10,395	10,395	—	—
Rights	3,034	—	3,034	—
Securities lending collateral	3,728,195	3,728,195	—	—
Total investments in securities	$207,035,868	$37,969,948	$168,571,387	$494,533
Derivatives:
Liabilities
Futures	$(37,952)	$(37,952)	—	—

306

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Equity Income Trust
Investments in securities:
Assets
Common stocks
Communication services	$100,853,553	$93,236,541	$7,617,012	—
Consumer discretionary	35,444,306	35,444,306	—	—
Consumer staples	128,783,384	128,783,384	—	—
Energy	142,823,112	107,235,177	35,587,935	—
Financials	362,819,540	362,819,540	—	—
Health care	187,566,904	180,880,255	6,686,649	—
Industrials	194,634,855	194,634,855	—	—
Information technology	127,759,446	127,759,446	—	—
Materials	71,324,425	69,157,092	2,167,333	—
Real estate	53,207,278	53,207,278	—	—
Utilities	118,452,351	118,452,351	—	—
Preferred securities	33,863,530	33,863,530	—	—
Corporate bonds	5,720,766	—	5,720,766	—
Convertible bonds	3,334,182	—	3,334,182	—
Securities lending collateral	14,113,249	14,113,249	—	—
Short-term investments	18,902,460	18,902,460	—	—
Total investments in securities	$1,599,603,341	$1,538,489,464	$61,113,877	—
Derivatives:
Liabilities
Futures	$(20,953)	$(20,953)	—	—
Financial Industries Trust
Investments in securities:
Assets
Common stocks
Financials
Banks	$70,874,280	$68,188,617	$2,685,663	—
Capital markets	14,142,763	12,720,105	1,422,658	—
Consumer finance	6,405,310	6,405,310	—	—
Diversified financial services	8,436,281	7,145,237	1,291,044	—
Insurance	29,824,890	29,824,890	—	—
Thrifts and mortgage finance	2,375,534	2,375,534	—	—
Information technology
IT services	10,113,969	8,198,967	1,915,002	—
Real estate
Equity real estate investment trusts	9,472,698	8,137,299	1,335,399	—
Real estate management and development	978,005	—	978,005	—
Convertible bonds	866,631	—	866,631	—
Short-term investments	2,043,000	—	2,043,000	—
Total investments in securities	$155,533,361	$142,995,959	$12,537,402	—
Derivatives:
Assets
Forward foreign currency contracts	$104,415	—	$104,415	—
Fundamental All Cap Core Trust
Investments in securities:
Assets
Common stocks
Communication services	$295,472,967	$295,472,967	—	—
Consumer discretionary	336,375,061	324,528,601	$11,846,460	—
Consumer staples	96,683,077	96,683,077	—	—

307

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Fundamental All Cap Core Trust (continued)
Energy	$116,046,255	$116,046,255	—	—
Financials	320,204,932	320,204,932	—	—
Health care	106,597,897	106,597,897	—	—
Industrials	117,462,416	117,462,416	—	—
Information technology	233,162,102	215,550,725	$17,611,377	—
Real estate	62,849,049	62,849,049	—	—
Short-term investments	45,856,000	—	45,856,000	—
Total investments in securities	$1,730,709,756	$1,655,395,919	$75,313,837	—
Fundamental Large Cap Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$44,638,839	$44,638,839	—	—
Consumer discretionary	51,791,359	51,791,359	—	—
Consumer staples	54,578,517	23,660,553	$30,917,964	—
Energy	59,237,754	59,237,754	—	—
Financials	171,177,555	171,177,555	—	—
Health care	101,471,012	101,471,012	—	—
Industrials	61,167,335	61,167,335	—	—
Information technology	90,405,045	83,764,906	6,640,139	—
Materials	7,812,610	7,812,610	—	—
Short-term investments	8,267,000	—	8,267,000	—
Total investments in securities	$650,547,026	$604,721,923	$45,825,103	—
Global Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$93,429,788	—	$93,429,788	—
Foreign government obligations	67,638,756	—	67,638,756	—
Corporate bonds	85,907,010	—	85,907,010	—
Capital preferred securities	943,425	—	943,425	—
Municipal bonds	2,310,838	—	2,310,838	—
Term loans	585,244	—	585,244	—
Collateralized mortgage obligations	27,645,423	—	27,645,423	—
Asset backed securities	9,464,067	—	9,464,067	—
Common stocks	5,054	$5,054	—	—
Preferred securities	373,304	—	373,304	—
Escrow shares	151,130	—	151,130	—
Purchased options	163,104	5,258	157,846	—
Short-term investments	4,980,131	—	4,980,131	—
Total investments in securities	$293,597,274	$10,312	$293,586,962	—
Liabilities
Securities sold short	$(2,517,870)	—	$(2,517,870)	—
Derivatives:
Assets
Futures	285,712	$285,712	—	—
Forward foreign currency contracts	1,306,685	—	1,306,685	—
Swap contracts	2,234,319	—	2,234,319	—
Liabilities
Futures	(470,585)	(470,585)	—	—
Forward foreign currency contracts	(2,332,997)	—	(2,332,997)	—
Written options	(321,093)	(95,436)	(225,657)	—
Swap contracts	(2,312,634)	—	(2,312,634)	—

308

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Global Trust
Investments in securities:
Assets
Common stocks
Canada	$3,902,870	$3,902,870	—	—
China	6,640,609	3,670,695	$2,969,914	—
Denmark	1,913,483	—	1,913,483	—
France	14,629,817	—	14,629,817	—
Germany	11,698,907	—	11,698,907	—
Hong Kong	7,319,125	—	7,319,125	—
India	3,917,005	—	3,917,005	—
Ireland	549,192	—	549,192	—
Israel	1,250,509	1,250,509	—	—
Italy	2,605,634	—	2,605,634	—
Japan	17,765,847	—	17,765,847	—
Luxembourg	4,327,995	—	4,327,995	—
Netherlands	9,288,685	—	9,288,685	—
Singapore	4,021,330	—	4,021,330	—
South Korea	6,258,972	2,455,679	3,803,293	—
Spain	1,706,304	—	1,706,304	—
Switzerland	6,769,755	—	6,769,755	—
Taiwan	594,405	—	594,405	—
Thailand	2,505,847	—	2,505,847	—
United Kingdom	16,753,865	—	16,753,865	—
United States	54,253,890	54,253,890	—	—
Securities lending collateral	4,956,521	4,956,521	—	—
Short-term investments	2,400,000	—	2,400,000	—
Total investments in securities	$186,030,567	$70,490,164	$115,540,403	—
Health Sciences Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary	$253,840	—	—	$253,840
Health care	260,562,686	$243,921,754	$16,249,650	391,282
Industrials	868,968	868,968	—	—
Preferred securities
Consumer discretionary	548,763	—	—	548,763
Health care	1,529,544	618,357	911,187	—
Information technology	182,395	—	—	182,395
Short-term investments	2,353,560	2,353,560	—	—
Total investments in securities	$266,299,756	$247,762,639	$17,160,837	$1,376,280
High Yield Trust
Investments in securities:
Assets
Foreign government obligations	$1,813,229	—	$1,813,229	—
Corporate bonds	166,093,700	—	166,093,700	—
Convertible bonds	2,146,699	—	2,146,699	—
Term loans	12,369,190	—	12,369,190	—
Asset backed securities	10,750,226	—	10,750,226	—
Common stocks	1,900,708	$1,476,253	368,816	$55,639
Preferred securities	1,570,057	1,570,057	—	—
Escrow shares	11,275	—	—	11,275
Escrow certificates	500	—	—	500
Securities lending collateral	14,079,036	14,079,036	—	—

309

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
High Yield Trust (continued)
Short-term investments	$3,837,754	$3,837,754	—	—
Total investments in securities	$214,572,374	$20,963,100	$193,541,860	$67,414
Derivatives:
Assets
Futures	$25,142	$25,142	—	—
Forward foreign currency contracts	5,485	—	$5,485	—
Liabilities
Futures	(54,199)	(54,199)	—	—
Forward foreign currency contracts	(14,724)	—	(14,724)	—
International Equity Index Trust
Investments in securities:
Assets
Common stocks
Argentina	$297,831	$297,831	—	—
Australia	35,934,613	—	$35,934,613	—
Austria	1,121,471	—	1,121,471	—
Belgium	5,192,028	—	5,192,028	—
Brazil	9,616,828	9,616,828	—	—
Canada	52,242,494	51,868,145	374,349	—
Chile	2,178,592	1,900,527	278,065	—
China	52,455,632	15,121,599	37,266,628	$67,405
Colombia	902,576	902,576	—	—
Czech Republic	334,921	—	334,921	—
Denmark	8,820,700	—	8,820,700	—
Egypt	247,172	—	247,172	—
Finland	5,712,409	—	5,712,409	—
France	56,739,564	—	56,739,564	—
Germany	39,808,193	—	39,808,193	—
Greece	504,620	—	501,564	3,056
Hong Kong	24,755,621	218,000	24,457,455	80,166
Hungary	570,444	—	570,444	—
India	16,588,279	2,836,331	13,751,948	—
Indonesia	4,052,397	10,779	4,041,618	—
Ireland	4,637,828	283,496	4,354,332	—
Isle of Man	207,816	—	207,816	—
Israel	2,671,868	843,902	1,827,966	—
Italy	10,408,524	—	10,408,524	—
Japan	124,512,956	—	124,512,956	—
Luxembourg	1,501,987	—	1,501,987	—
Macau	580,467	—	580,467	—
Malaysia	3,965,216	—	3,965,216	—
Mexico	4,947,897	4,861,549	86,348	—
Netherlands	24,975,348	1,153,289	23,822,059	—
New Zealand	1,157,079	—	1,157,079	—
Norway	3,293,934	—	3,293,934	—
Peru	727,845	727,845	—	—
Philippines	1,970,833	—	1,970,833	—
Poland	1,914,658	—	1,914,658	—
Portugal	732,884	—	732,884	—
Romania	117,036	—	117,036	—
Russia	7,812,548	6,070,806	1,741,742	—
Singapore	6,519,523	—	6,519,523	—
South Africa	8,963,220	—	8,963,220	—
South Korea	22,005,114	172,007	21,833,107	—
Spain	14,505,825	89,134	14,416,691	—
Sweden	11,910,496	—	11,910,496	—

310

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Equity Index Trust (continued)
Switzerland	$49,422,573	—	$49,422,573	—
Taiwan	20,507,943	—	20,507,943	—
Thailand	5,065,160	—	5,065,160	—
Turkey	1,159,853	—	1,159,853	—
United Arab Emirates	149,014	—	149,014	—
United Kingdom	72,939,680	—	72,939,680	—
United States	607,195	$309,686	297,509	—
Preferred securities
Brazil	4,763,948	4,763,948	—	—
Germany	2,599,550	—	2,599,550	—
South Korea	1,263,179	—	1,263,179	—
Corporate bonds	845	—	845	—
Rights	8,872	1,390	7,482	—
Securities lending collateral	21,827,501	21,827,501	—	—
Short-term investments	5,083,393	5,083,393	—	—
Total investments in securities	$763,515,993	$128,960,562	$634,404,804	$150,627
Derivatives:
Assets
Futures	$4,781	$4,781	—	—
Liabilities
Futures	(302,142)	(302,142)	—	—
International Growth Stock Trust
Investments in securities:
Assets
Common stocks
Australia	$437,180	—	$437,180	—
Brazil	2,570,050	$2,570,050	—	—
Canada	6,176,076	6,176,076	—	—
China	4,201,753	2,869,890	1,331,863	—
Denmark	980,212	—	980,212	—
France	5,775,039	—	5,775,039	—
Germany	5,102,582	—	5,102,582	—
Hong Kong	954,758	—	954,758	—
Ireland	468,836	468,836	—	—
Italy	1,365,504	—	1,365,504	—
Japan	6,041,089	—	6,041,089	—
Mexico	1,123,320	1,123,320	—	—
Netherlands	3,001,752	—	3,001,752	—
Singapore	886,505	—	886,505	—
South Korea	1,752,893	—	1,752,893	—
Spain	870,641	—	870,641	—
Sweden	1,627,355	—	1,627,355	—
Switzerland	3,530,118	—	3,530,118	—
Taiwan	1,616,439	—	1,616,439	—
Turkey	586,509	—	586,509	—
United Kingdom	7,039,621	—	7,039,621	—
United States	3,179,544	3,179,544	—	—
Short-term investments	2,254,457	2,254,457	—	—
Total investments in securities	$61,542,233	$18,642,173	$42,900,060	—

311

	Total value at 9-30-19	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	$6,919,566	$83,311	$6,831,396	$4,859
Austria	1,605,272	—	1,605,272	—
Belgium	1,670,784	—	1,670,784	—
Bermuda	170,048	—	170,048	—
Canada	9,587,598	9,446,521	140,794	283
China	74,540	—	74,540	—
Colombia	21,288	21,288	—	—
Denmark	2,020,312	—	2,020,312	—
Finland	2,478,411	—	2,478,411	—
France	4,649,721	—	4,649,721	—
Gabon	3,005	—	3,005	—
Georgia	72,311	—	72,311	—
Germany	6,385,610	—	6,385,610	—
Gibraltar	23,161	—	23,161	—
Greece	66	—	—	66
Guernsey, Channel Islands	2,998	—	2,998	—
Hong Kong	2,554,179	—	2,516,049	38,130
Ireland	453,396	—	453,396	—
Isle of Man	80,201	—	80,201	—
Israel	1,308,376	2,294	1,306,082	—
Italy	4,394,897	—	4,394,897	—
Japan	25,329,180	—	25,329,180	—
Jersey, Channel Islands	148,454	—	148,454	—
Liechtenstein	53,075	—	53,075	—
Luxembourg	314,636	—	314,636	—
Macau	14,322	—	14,322	—
Malaysia	60,218	—	60,218	—
Malta	48,175	—	48,175	—
Monaco	77,892	60,832	17,060	—
Mongolia	4,118	—	4,118	—
Netherlands	3,198,847	—	3,198,847	—
New Zealand	734,597	—	734,597	—
Norway	1,041,148	—	1,041,148	—
Peru	41,682	—	41,682	—
Portugal	410,463	—	410,463	—
Russia	45,659	—	45,659	—
Singapore	1,291,117	—	1,260,128	30,989
South Africa	7,018	—	7,018	—
Spain	2,276,408	—	2,276,408	—
Sweden	3,442,585	—	3,442,585	—
Switzerland	5,542,400	—	5,542,400	—
United Kingdom	16,591,923	—	16,587,735	4,188
United States	383,382	202,938	180,444	—
Preferred securities	231,062	—	231,062	—
Rights	7,523	6	267	7,250
Securities lending collateral	7,680,147	7,680,147	—	—
Total investments in securities	$113,451,771	$17,497,337	$95,868,669	$85,765
Derivatives:
Liabilities
Futures	$(6,532)	$(6,532)	—	—

312

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Value Trust
Investments in securities:
Assets
Common stocks
Canada	$13,803,471	$13,803,471	—	—
China	10,648,803	3,222,554	$7,426,249	—
Denmark	3,205,754	—	3,205,754	—
France	29,635,557	—	29,635,557	—
Germany	17,589,876	—	17,589,876	—
Hong Kong	16,582,774	—	16,582,774	—
India	2,162,953	—	2,162,953	—
Ireland	2,478,673	—	2,478,673	—
Israel	1,910,975	1,910,975	—	—
Italy	6,152,416	—	6,152,416	—
Japan	40,581,564	—	40,581,564	—
Luxembourg	6,285,798	—	6,285,798	—
Netherlands	26,282,178	5,172,288	21,109,890	—
Norway	4,493,275	—	4,493,275	—
Portugal	2,974,423	—	2,974,423	—
Singapore	3,341,344	49,115	3,292,229	—
South Korea	29,267,551	7,788,782	21,478,769	—
Switzerland	8,734,044	—	8,734,044	—
Taiwan	5,852,931	—	5,852,931	—
Thailand	1,708,761	—	1,708,761	—
United Kingdom	37,555,212	—	37,555,212	—
Securities lending collateral	2,068,053	2,068,053	—	—
Short-term investments	19,300,000	—	19,300,000	—
Total investments in securities	$292,616,386	$34,015,238	$258,601,148	—
Investment Quality Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$169,243,289	—	$169,243,289	—
Foreign government obligations	3,528,378	—	3,528,378	—
Corporate bonds	74,879,141	—	74,879,141	—
Municipal bonds	2,678,331	—	2,678,331	—
Term loans	4,264,047	—	4,264,047	—
Collateralized mortgage obligations	43,209,138	—	43,209,138	—
Asset backed securities	28,764,347	—	28,764,347	—
Securities lending collateral	1,607,781	$1,607,781	—	—
Short-term investments	13,581,669	—	13,581,669	—
Certificate of deposit	50,072	—	50,072	—
Total investments in securities	$341,806,193	$1,607,781	$340,198,412	—
Derivatives:
Assets
Futures	$52,176	$52,176	—	—
Forward foreign currency contracts	77,938	—	$77,938	—
Swap contracts	94,335	—	94,335	—
Liabilities
Futures	(18,879)	(18,879)	—	—
Forward foreign currency contracts	(949)	—	(949)	—
Swap contracts	(3,179,969)	—	(3,179,969)	—

313

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Lifestyle Aggressive Portfolio
Investments in securities:
Assets
Affiliated investment companies	$27,239,377	$27,239,377	—	—
Unaffiliated investment companies	5,836,622	5,836,622	—	—
Short-term investments	7,604	7,604	—	—
Total investments in securities	$33,083,603	$33,083,603	—	—
Lifestyle Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$986,374,103	$986,374,103	—	—
Total investments in securities	$986,374,103	$986,374,103	—	—
Lifestyle Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$186,380,011	$186,380,011	—	—
Short-term investments	102	102	—	—
Total investments in securities	$186,380,113	$186,380,113	—	—
Lifestyle Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$6,085,541,297	$6,085,541,297	—	—
Total investments in securities	$6,085,541,297	$6,085,541,297	—	—
Lifestyle Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$304,980,735	$304,980,735	—	—
Short-term investments	54	54	—	—
Total investments in securities	$304,980,789	$304,980,789	—	—
Managed Volatility Aggressive Portfolio
Investments in securities:
Assets
Affiliated investment companies	$312,528,285	$312,528,285	—	—
Unaffiliated investment companies	42,453,337	42,453,337	—	—
Short-term investments	3,984,041	340,743	$3,643,298	—
Total investments in securities	$358,965,663	$355,322,365	$3,643,298	—
Managed Volatility Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$6,574,567,142	$6,574,567,142	—	—
Unaffiliated investment companies	44,620,160	44,620,160	—	—
U.S. Government and Agency obligations	2,498,721	—	$2,498,721	—
Short-term investments	55,268,561	544,963	54,723,598	—
Total investments in securities	$6,676,954,584	$6,619,732,265	$57,222,319	—

314

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Managed Volatility Balanced Portfolio (continued)
Derivatives:
Assets
Futures	$1,150,388	$1,150,388	—	—
Liabilities
Futures	(5,030,949)	(5,030,949)	—	—
Managed Volatility Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$1,107,131,646	$1,107,131,646	—	—
Unaffiliated investment companies	4,760,943	4,760,943	—	—
Short-term investments	9,304,240	267,242	$9,036,998	—
Total investments in securities	$1,121,196,829	$1,112,159,831	$9,036,998	—
Derivatives:
Assets
Futures	$61,270	$61,270	—	—
Liabilities
Futures	(288,408)	(288,408)	—	—
Managed Volatility Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$8,206,520,789	$8,206,520,789	—	—
Unaffiliated investment companies	59,675,513	59,675,513	—	—
U.S. Government and Agency obligations	2,498,721	—	$2,498,721	—
Short-term investments	55,822,390	953,302	54,869,088	—
Total investments in securities	$8,324,517,413	$8,267,149,604	$57,367,809	—
Derivatives:
Assets
Futures	$666,537	$666,537	—	—
Liabilities
Futures	(7,359,527)	(7,359,527)	—	—
Managed Volatility Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$1,880,287,265	$1,880,287,265	—	—
Unaffiliated investment companies	15,991,780	15,991,780	—	—
Short-term investments	14,937,152	307,634	$14,629,518	—
Total investments in securities	$1,911,216,197	$1,896,586,679	$14,629,518	—
Derivatives:
Assets
Futures	$246,900	$246,900	—	—
Liabilities
Futures	(1,079,728)	(1,079,728)	—	—
Mid Cap Index Trust
Investments in securities:
Assets
Common stocks	$1,378,155,592	$1,378,155,592	—	—
Securities lending collateral	35,561,156	35,561,156	—	—

315

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Mid Cap Index Trust (continued)
Short-term investments	$14,482,344	—	$14,482,344	—
Total investments in securities	$1,428,199,092	$1,413,716,748	$14,482,344	—
Derivatives:
Liabilities
Futures	$(216,976)	$(216,976)	—	—
Mid Cap Stock Trust
Investments in securities:
Assets
Common stocks
Communication services	$51,359,718	$47,333,271	$4,026,447	—
Consumer discretionary	137,725,476	137,249,445	—	$476,031
Consumer staples	25,645,438	25,645,438	—	—
Energy	7,283,934	7,283,934	—	—
Financials	8,306,896	8,067,147	239,749	—
Health care	176,754,102	166,015,853	10,738,249	—
Industrials	85,602,540	72,989,053	12,613,487	—
Information technology	210,977,550	208,015,497	—	2,962,053
Preferred securities	25,065,609	—	—	25,065,609
Warrants	7,233	—	—	7,233
Securities lending collateral	45,705,839	45,705,839	—	—
Short-term investments	6,800,000	—	6,800,000	—
Total investments in securities	$781,234,335	$718,305,477	$34,417,932	$28,510,926
Mid Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$25,641,268	$25,641,268	—	—
Consumer discretionary	22,847,934	22,847,934	—	—
Consumer staples	61,988,631	52,928,950	$9,059,681	—
Energy	70,116,781	67,764,024	2,352,757	—
Financials	115,299,728	109,713,417	5,586,311	—
Health care	98,819,165	96,010,757	2,808,408	—
Industrials	60,513,582	58,013,611	2,499,971	—
Information technology	24,705,204	24,705,204	—	—
Materials	65,361,907	65,361,907	—	—
Real estate	42,223,963	42,223,963	—	—
Utilities	22,431,463	22,431,463	—	—
Preferred securities	1,851,902	1,851,902	—	—
Securities lending collateral	27,183,482	27,183,482	—	—
Short-term investments	40,085,719	40,085,719	—	—
Total investments in securities	$679,070,729	$656,763,601	$22,307,128	—
Mutual Shares Trust
Investments in securities:
Assets
Common stocks
Communication services	$14,168,791	$13,113,912	$1,054,879	—
Consumer discretionary	8,118,276	8,118,276	—	—
Consumer staples	12,436,786	10,082,051	2,354,735	—
Energy	14,623,378	10,970,506	3,652,872	—
Financials	33,378,301	33,364,051	14,250	—
Health care	19,318,722	16,146,424	3,172,298	—
Industrials	11,149,334	8,537,312	2,612,022	—

316

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Mutual Shares Trust (continued)
Information technology	$13,836,564	$11,240,058	$2,596,506	—
Materials	2,283,961	2,283,961	—	—
Real estate	2,334,873	2,334,873	—	—
Utilities	1,219,235	1,219,235	—	—
Corporate bonds	3,104,105	—	3,104,105	—
Escrow certificates	11,597	—	—	$11,597
Securities lending collateral	1,574,253	1,574,253	—	—
Short-term investments	12,994,509	—	12,994,509	—
Total investments in securities	$150,552,685	$118,984,912	$31,556,176	$11,597
Derivatives:
Assets
Forward foreign currency contracts	$56,696	—	$56,696	—
Liabilities
Forward foreign currency contracts	(1,711)	—	(1,711)	—
Real Estate Securities Trust
Investments in securities:
Assets
Common stocks	$371,698,491	$371,698,491	—	—
Short-term investments	1,107,163	1,107,163	—	—
Total investments in securities	$372,805,654	$372,805,654	—	—
Science & Technology Trust
Investments in securities:
Assets
Common stocks
Communication services	$168,175,837	$145,663,392	$22,512,445	—
Consumer discretionary	116,189,808	93,722,951	22,466,857	—
Health care	9,526,813	9,526,813	—	—
Industrials	2,660,154	2,660,154	—	—
Information technology	444,466,754	413,971,507	30,495,247	—
Materials	1,813,627	1,813,627	—	—
Preferred securities	1,433,933	—	—	$1,433,933
Securities lending collateral	49,870,726	49,870,726	—	—
Short-term investments	59,748,660	32,693,660	27,055,000	—
Total investments in securities	$853,886,312	$749,922,830	$102,529,549	$1,433,933
Select Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$3,512,390,251	—	$3,512,390,251	—
Foreign government obligations	40,525,461	—	40,525,461	—
Corporate bonds	2,867,798,195	—	2,867,798,195	—
Capital preferred securities	2,437,294	—	2,437,294	—
Collateralized mortgage obligations	616,050,534	—	616,050,534	—
Asset backed securities	1,128,011,741	—	1,128,011,741	—
Preferred securities	2,400,109	$2,400,109	—	—
Securities lending collateral	27,373,041	27,373,041	—	—
Short-term investments	130,044,000	—	130,044,000	—
Total investments in securities	$8,327,030,626	$29,773,150	$8,297,257,476	—

317

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Short Term Government Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$175,085,495	—	$175,085,495	—
Collateralized mortgage obligations	5,774,843	—	5,774,843	—
Short-term investments	712,000	—	712,000	—
Total investments in securities	$181,572,338	—	$181,572,338	—
Derivatives:
Liabilities
Futures	$(20,391)	$(20,391)	—	—
Small Cap Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$13,504,847	$13,502,025	—	$2,822
Consumer discretionary	60,604,737	60,585,382	$19,355	—
Consumer staples	16,489,142	16,489,142	—	—
Energy	18,180,130	18,180,130	—	—
Financials	99,535,516	99,533,348	—	2,168
Health care	88,814,654	88,812,491	—	2,163
Industrials	88,603,191	88,603,191	—	—
Information technology	73,267,493	73,267,493	—	—
Materials	20,995,056	20,991,786	—	3,270
Real estate	44,935,678	44,935,678	—	—
Utilities	22,566,457	22,566,457	—	—
Preferred securities	38,060	38,060	—	—
Rights	22,716	—	—	22,716
Securities lending collateral	32,416,185	32,416,185	—	—
Short-term investments	13,921,689	—	13,921,689	—
Total investments in securities	$593,895,551	$579,921,368	$13,941,044	$33,139
Derivatives:
Liabilities
Futures	$(571,240)	$(571,240)	—	—
Small Cap Opportunities Trust
Investments in securities:
Assets
Common stocks
Communication services	$2,840,591	$2,840,563	—	$28
Consumer discretionary	18,765,974	18,765,974	—	—
Consumer staples	4,894,925	4,894,925	—	—
Energy	7,052,946	7,052,946	—	—
Financials	29,925,010	29,923,623	—	1,387
Health care	13,969,380	13,967,477	—	1,903
Industrials	27,029,816	27,029,816	—	—
Information technology	18,886,674	18,886,674	—	—
Materials	7,253,334	7,253,334	—	—
Real estate	1,715,088	1,715,088	—	—
Utilities	210,528	210,528	—	—
Securities lending collateral	1,866,621	1,866,621	—	—
Short-term investments	921,165	921,165	—	—
Total investments in securities	$135,332,052	$135,328,734	—	$3,318

318

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Small Cap Stock Trust
Investments in securities:
Assets
Common stocks
Communication services	$3,503,373	$3,503,373	—	—
Consumer discretionary	52,376,978	52,376,978	—	—
Consumer staples	4,006,749	4,006,749	—	—
Energy	2,073,617	2,073,617	—	—
Financials	18,615,703	18,615,703	—	—
Health care	77,794,497	77,794,497	—	—
Industrials	50,232,902	50,232,902	—	—
Information technology	41,684,367	40,775,046	—	$909,321
Materials	8,872,167	8,872,167	—	—
Real estate	19,764,566	19,764,566	—	—
Preferred securities	2,536,360	—	—	2,536,360
Securities lending collateral	29,168,280	29,168,280	—	—
Short-term investments	3,400,000	—	$3,400,000	—
Total investments in securities	$314,029,559	$307,183,878	$3,400,000	$3,445,681
Small Cap Value Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary	$28,765,527	$28,765,527	—	—
Consumer staples	21,477,977	6,401,300	$15,076,677	—
Energy	28,040,584	28,040,584	—	—
Financials	91,290,343	91,290,343	—	—
Health care	16,014,284	16,014,284	—	—
Industrials	157,345,047	150,909,855	6,435,192	—
Information technology	37,433,692	37,433,692	—	—
Materials	29,015,266	29,015,266	—	—
Real estate	60,954,774	60,954,774	—	—
Utilities	9,695,309	9,695,309	—	—
Securities lending collateral	5,556,666	5,556,666	—	—
Short-term investments	12,800,000	—	12,800,000	—
Total investments in securities	$498,389,469	$464,077,600	$34,311,869	—
Small Company Value Trust
Investments in securities:
Assets
Common stocks	$146,247,534	$146,247,534	—	—
Securities lending collateral	8,108,891	8,108,891	—	—
Short-term investments	1,919,698	1,919,698	—	—
Total investments in securities	$156,276,123	$156,276,123	—	—
Strategic Equity Allocation Trust
Investments in securities:
Assets
Common stocks
Communication services	$738,053,453	$573,897,305	$164,153,912	$2,236
Consumer discretionary	992,585,144	659,343,583	333,241,561	—
Consumer staples	795,278,575	435,235,240	360,043,335	—
Energy	422,058,776	265,303,831	156,754,945	—
Financials	1,429,249,119	862,237,902	567,009,685	1,532
Health care	1,198,936,408	848,216,973	350,718,243	1,192

319

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Strategic Equity Allocation Trust (continued)
Industrials	$1,108,028,639	$660,052,848	$447,975,791	—
Information technology	1,518,801,951	1,324,021,417	194,780,534	—
Materials	412,541,308	198,832,180	213,707,071	$2,057
Real estate	386,510,808	276,392,852	110,117,956	—
Utilities	355,335,111	237,850,573	117,484,538	—
Preferred securities
Communication services	27,201	27,201	—	—
Consumer discretionary	9,877,438	—	9,877,438	—
Consumer staples	3,906,411	—	3,906,411	—
Health care	1,438,793	—	1,438,793	—
Materials	578,607	—	578,607	—
Rights	14,094	—	—	14,094
Securities lending collateral	170,935,240	170,935,240	—	—
Short-term investments	143,008,395	—	143,008,395	—
Total investments in securities	$9,687,165,471	$6,512,347,145	$3,174,797,215	$21,111
Derivatives:
Liabilities
Futures	$(2,439,118)	$(2,439,118)	—	—
Strategic Income Opportunities Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$49,964,878	—	$49,964,878	—
Foreign government obligations	105,151,452	—	105,151,452	—
Corporate bonds	233,425,000	—	233,425,000	—
Convertible bonds	7,599,532	—	7,599,532	—
Capital preferred securities	5,820,694	—	5,820,694	—
Term loans	32,669	—	32,669	—
Collateralized mortgage obligations	23,972,292	—	23,972,292	—
Asset backed securities	16,639,059	—	16,639,059	—
Common stocks	5,446,885	$5,446,885	—	—
Preferred securities	19,844,336	14,669,020	5,175,316	—
Purchased options	212,063	—	212,063	—
Securities lending collateral	2,693,106	2,693,106	—	—
Short-term investments	8,511,000	—	8,511,000	—
Total investments in securities	$479,312,966	$22,809,011	$456,503,955	—
Derivatives:
Assets
Futures	$327,362	$327,362	—	—
Forward foreign currency contracts	1,537,996	—	$1,537,996	—
Liabilities
Futures	(72,802)	(72,802)	—	—
Forward foreign currency contracts	(299,161)	—	(299,161)	—
Total Bond Market Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$417,517,664	—	$417,517,664	—
Foreign government obligations	10,367,149	—	10,367,149	—
Corporate bonds	178,655,854	—	178,655,854	—
Municipal bonds	4,810,713	—	4,810,713	—
Collateralized mortgage obligations	18,259,732	—	18,259,732	—
Securities lending collateral	8,612,272	$8,612,272	—	—

320

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Total Bond Market Trust (continued)
Short-term investments	$46,429,152	$46,429,152	—	—
Total investments in securities	$684,652,536	$55,041,424	$629,611,112	—
Total Stock Market Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$73,589,338	$73,588,591	$134	$613
Consumer discretionary	77,875,086	77,871,160	3,897	29
Consumer staples	55,966,946	55,966,946	—	—
Energy	35,353,147	35,353,022	—	125
Financials	100,609,992	100,609,701	—	291
Health care	91,717,015	91,707,091	—	9,924
Industrials	73,229,223	73,229,223	—	—
Information technology	154,227,547	154,227,547	—	—
Materials	18,174,813	18,174,260	—	553
Real estate	30,021,358	30,012,753	—	8,605
Utilities	24,328,614	24,328,614	—	—
Preferred securities	18,531	18,531	—	—
Rights	1,864	—	—	1,864
Warrants	279	279	—	—
Securities lending collateral	11,122,085	11,122,085	—	—
Short-term investments	15,655,778	—	15,655,778	—
Total investments in securities	$761,891,616	$746,209,803	$15,659,809	$22,004
Derivatives:
Liabilities
Futures	$(263,827)	$(263,827)	—	—
Ultra Short Term Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$58,257,467	—	$58,257,467	—
Corporate bonds	133,809,739	—	133,809,739	—
Collateralized mortgage obligations	974,346	—	974,346	—
Asset backed securities	60,219,321	—	60,219,321	—
Securities lending collateral	967,888	$967,888	—	—
Short-term investments	13,636,650	1,212,650	12,424,000	—
Total investments in securities	$267,865,411	$2,180,538	$265,684,873	—
Utilities Trust
Investments in securities:
Assets
Common stocks
Communication services	$47,497,244	$24,243,550	$23,253,694	—
Energy	32,536,226	32,536,226	—	—
Real estate	3,264,542	3,264,542	—	—
Utilities	189,140,260	138,804,781	50,335,479	—
Preferred securities	9,007,929	9,007,929	—	—
Securities lending collateral	7,593,248	7,593,248	—	—
Short-term investments	6,081,051	6,081,051	—	—
Total investments in securities	$295,120,500	$221,531,327	$73,589,173	—
Derivatives:
Assets
Forward foreign currency contracts	$1,388,737	—	$1,388,737	—

321

	Total value at 9-30-19	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Utilities Trust (continued)
Liabilities
Forward foreign currency contracts	$(20,103)	—	$(20,103)	—

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, if any, 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.

Mid Cap Stock Trust	Common stocks	Preferred securities	Warrants	Total
Balance as of 12-31-18	$3,422,200	$48,334,022	—	$51,756,222
Realized gain (loss)	249,097	403,629	—	652,726
Change in unrealized appreciation (depreciation)	269,511	(12,141,668)	$(3,945)	(11,876,102)
Purchases	—	—	—	—
Sales	(407,376)	(583,578)	—	(990,954)
Transfers into Level 3	—	—	11,178	11,178
Transfers out of Level 3	(95,348)	(10,946,796)	—	(11,042,144)
Balance as of 9-30-19	$3,438,084	$25,065,609	$7,233	$28,510,926
Change in unrealized at period end1	$577,753	$(3,951,505)	$(3,945)	$(3,377,697)

¹ Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.

Small Cap Stock Trust	Common stocks	Preferred securities	Total
Balance as of 12-31-18	$745,823	$2,489,170	$3,234,993
Realized gain (loss)	—	—	—
Change in unrealized appreciation (depreciation)	163,498	47,190	210,688
Purchases	—	—	—
Sales	—	—	—
Transfers into Level 3	—	—	—
Transfers out of Level 3	—	—	—
Balance as of 9-30-19	$909,321	$2,536,360	$3,445,681
Change in unrealized at period end1	$163,498	$47,190	$210,688

¹ 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.

Mid Cap Stock Trust	Fair Value at 9-30-19	Valuation technique	Significant unobservable inputs	Input/Range
Common stocks	$3,418,622	Market Approach	EV to revenue multiple Discount	3.18x - 4.03x (weighted average 3.30x) 12.5% - 17.5% (weighted average 16.80%)
	19,462	Market Approach	Expected future value Discount	$0.10 50%
	$3,438,084
Preferred securities	$6,102,455	Market Approach	EV to revenue multiple Discount	1.54x - 4.03x (weighted average 1.97x) 12.5% - 17.5% (weighted average 16.63%)
	6,713,889	Market Approach	Prior/recent transactions	$5.70
	6,232,502	Market Approach	EV to revenue multiple Discount OPM - Volatility	2.92x - 5.32x (weighted average 3.54x) 25% 20% - 45% (weighted average 34.10%)
	6,016,763	Market Approach	Expected future value Discount	0.35x - 38.25x (weighted average 37.94x) 10.0% - 55.0% (weighted average 10.36%)
	$25,065,609
Warrants	$7,233	Market Approach	Prior/recent transactions	$0.28
Total	$28,510,926

322

Mid Cap Stock Trust	Fair Value at 9-30-19	Valuation technique	Significant unobservable inputs	Input/Range
Small Cap Stock Trust
Common stocks	$909,321	Market Approach	EV to revenue multiple Discount	3.18x 17.5%
Preferred securities	2,536,360	Market Approach	EV to revenue multiple Discount OPM - Volatility	2.92x - 3.02x (weighted average 3.04x) 25% 20% - 40% (weighted average 31.90%)
Total	$3,445,681
* A weighted average is an average in which each input in the grouping is assigned a weighting before summing to a single average value. The weighting of the input is determined based on a security’s fair value as a percentage of the total fair value.

A change to unobservable inputs of a portfolio's Level 3 securities as of September 30, 2019, could have resulted in changes to the fair value measurement, as follows:

Significant Unobservable Input	Impact to Valuation if input had increased	Impact to Valuation if input had decreased
Discount	Decrease	Increase
Enterprise value (“EV”) to revenue multiple	Increase	Decrease
Expected future value	Increase	Decrease
Options Pricing Method (OPM) - Volatility	Variable	Variable
Prior/recent transactions	Increase	Decrease

Investment in affiliated underlying funds. 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 funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios’ investment may represent a significant portion of each underlying funds’ net assets.

Information regarding the portfolios' fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:

					Dividends and distributions
Affiliate	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
500 Index Trust
John Hancock Collateral Trust	330,763	17,872,458	(17,409,622)	793,599	—	—	$4,475	$52	$7,941,306
Active Bond Trust
John Hancock Collateral Trust	399,399	13,788,909	(13,421,759)	766,549	—	—	$1,673	$(556)	$7,670,624
Blue Chip Growth Trust
John Hancock Collateral Trust	3,608,891	20,281,527	(23,616,078)	274,340	—	—	$10,890	$(2,242)	$2,745,243
Capital Appreciation Trust
John Hancock Collateral Trust	883,269	13,245,616	(12,749,247)	1,379,638	—	—	$5,578	$(1,407)	$13,805,626
Capital Appreciation Value Trust
John Hancock Collateral Trust	192,039	4,649,187	(4,463,344)	377,882	—	—	$326	$(161)	$3,781,350
Core Bond Trust
John Hancock Collateral Trust	482,493	14,141,890	(14,075,292)	549,091	—	—	$585	$(43)	$5,494,586
Emerging Markets Value Trust
John Hancock Collateral Trust	321,844	3,670,543	(3,619,817)	372,570	—	—	$1,249	$(108)	$3,728,195
Equity Income Trust
John Hancock Collateral Trust	1,795,375	22,280,086	(22,665,081)	1,410,380	—	—	$7,231	$(173)	$14,113,249
Global Trust
John Hancock Collateral Trust	556,054	9,208,715	(9,269,449)	495,320	—	—	$2,164	$(303)	$4,956,521
High Yield Trust
John Hancock Collateral Trust	590,785	7,764,874	(6,948,698)	1,406,961	—	—	$2,734	$(389)	$14,079,036
International Equity Index Trust
John Hancock Collateral Trust	1,235,104	16,408,193	(15,462,008)	2,181,289	—	—	$4,909	$(990)	$21,827,501
International Small Company Trust
John Hancock Collateral Trust	903,427	1,554,241	(1,690,168)	767,500	—	—	$2,548	$817	$7,680,147
International Value Trust
John Hancock Collateral Trust	415,182	14,697,226	(14,905,741)	206,667	—	—	$2,032	$(206)	$2,068,053
Investment Quality Bond Trust
John Hancock Collateral Trust	10,804	1,027,302	(877,436)	160,670	—	—	$(140)	$(78)	$1,607,781
Lifestyle Aggressive Portfolio
John Hancock Collateral Trust	55,274	1,475,167	(1,530,441)	—	—	—	$235	$32	—

323

					Dividends and distributions
Affiliate	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
Strategic Equity Allocation	1,485,586	195,783	(242,416)	1,438,953	$202,892	$1,357,994	$629,235	$2,242,284	$27,239,377
					$202,892	$1,357,994	$629,470	$2,242,316	$27,239,377
Lifestyle Balanced Portfolio
Select Bond	35,456,668	2,258,740	(2,487,761)	35,227,647	$4,862,061	—	$529,187	$36,476,576	$493,187,052
Strategic Equity Allocation	25,731,123	2,707,938	(2,385,862)	26,053,199	3,675,897	$24,603,529	5,846,848	42,675,403	493,187,051
					$8,537,958	$24,603,529	$6,376,035	$79,151,979	$986,374,103
Lifestyle Conservative Portfolio
Select Bond	11,092,242	1,130,428	(1,568,217)	10,654,453	$1,437,920	—	$(172,685)	$11,201,056	$149,162,339
Strategic Equity Allocation	2,121,271	572,715	(727,918)	1,966,068	274,695	$1,838,591	2,722,291	1,246,377	37,217,672
					$1,712,615	$1,838,591	$2,549,606	$12,447,433	$186,380,011
Lifestyle Growth Portfolio
Select Bond	136,878,053	2,741,799	(11,000,434)	128,619,418	$17,955,011	—	(4,008,457)	$142,904,494	1,800,671,852
Strategic Equity Allocation	233,132,290	14,574,187	(21,353,099)	226,353,378	31,681,266	212,049,184	60,212,886	376,874,054	4,284,869,445
					$49,636,277	$212,049,184	$56,204,429	$519,778,548	$6,085,541,297
Lifestyle Moderate Portfolio
Select Bond	13,223,398	1,212,027	(1,360,173)	13,075,252	$1,801,707	—	$150,983	$13,617,823	$183,053,529
Strategic Equity Allocation	6,326,739	947,315	(833,103)	6,440,951	902,538	$6,040,877	2,225,265	9,791,610	121,927,206
					$2,704,245	$6,040,877	$2,376,248	$23,409,433	$304,980,735
Managed Volatility Aggressive Portfolio
Blue Chip Growth	1,028,854	272,950	(205,639)	1,096,165	$2,778	$5,037,966	$805,233	$(59,726)	$34,584,015
Capital Appreciation	272,706	—	(272,706)	—	—	—	64,821	511,166	—
Emerging Markets Equity	2,763,999	990	(289,482)	2,475,507	—	—	444,286	2,623,818	25,943,317
Equity Income	2,347,297	425,136	(305,722)	2,466,711	279,736	3,239,792	(1,268,489)	3,416,101	35,668,638
Fundamental Large Cap Core	794,778	76,406	(115,487)	755,697	—	—	(780,255)	7,542,558	35,956,041
Fundamental Large Cap Value	308,571	—	(308,571)	—	—	—	(133,821)	864,833	—
Mid Cap Stock	755,854	195,166	(194,753)	756,267	—	1,988,139	430,666	257,151	12,735,540
Mid Value	1,282,606	385,160	(172,494)	1,495,272	82,511	1,797,537	(505,261)	(90,801)	13,397,636
Multifactor Developed International ETF	506,859	3	(11,697)	495,165	302,722	—	2,758	1,166,663	13,779,303
Multifactor Emerging Markets ETF	490,805	42	(34,689)	456,158	82,112	—	17,137	570,285	11,146,038
Multifactor Large Cap ETF	595,345	4	(55,423)	539,926	183,877	—	530,302	3,223,011	20,749,356
Multifactor Mid Cap ETF	297,249	—	(27,465)	269,784	47,372	—	230,272	1,642,672	9,933,447
Multifactor Small Cap ETF	573,906	4,774	(23,078)	555,602	67,295	—	(21,684)	2,053,938	14,528,881
Small Cap Growth	294,838	53,295	(62,201)	285,932	—	—	(286,655)	647,424	4,483,419
Small Cap Value	273,967	66,961	(57,468)	283,460	21,117	343,905	(281,989)	631,662	4,762,126
Strategic Equity Allocation	3,866,417	563,328	(475,148)	3,954,597	546,602	3,658,515	1,111,764	5,784,281	74,860,528
					$1,616,122	$16,065,854	$359,085	$30,785,036	$312,528,285
Managed Volatility Balanced Portfolio
Blue Chip Growth	8,416,064	1,573,691	(1,590,260)	8,399,495	$21,030	$38,136,962	$8,865,805	$115,300	$265,004,070
Bond	54,752,397	1,680,033	(4,786,358)	51,646,072	23,332,920	—	3,534,529	54,204,411	840,798,047
Capital Appreciation	1,672,193	—	(1,672,193)	—	—	—	594,679	3,134,521	—
Core Bond	22,946,493	358,853	(1,752,260)	21,553,086	2,637,392	—	(792,039)	21,854,640	292,044,317
Emerging Markets Equity	19,624,227	116,363	(728,540)	19,012,050	—	—	1,369,480	21,091,165	199,246,286
Equity Income	19,122,671	2,751,405	(3,195,934)	18,678,142	2,106,495	24,396,546	(5,675,690)	24,838,061	270,085,938
Fundamental Large Cap Core	6,158,331	823,546	(383,723)	6,598,154	—	—	(2,136,682)	55,578,599	313,940,168
Fundamental Large Cap Value	3,583,025	—	(3,583,025)	—	—	—	(3,742,036)	11,793,685	—
Global Conservative Absolute Return	2,147,306	—	(2,147,306)	—	—	—	(739,055)	1,389,602	—
John Hancock Collateral Trust	—	277,252	(277,252)	—	—	—	(19)	—	—
Mid Cap Stock	4,285,336	791,252	(1,086,011)	3,990,577	—	10,373,207	4,493,414	427,224	67,201,322
Mid Value	7,233,502	1,579,622	(888,664)	7,924,460	428,995	9,345,774	(3,187,356)	830,642	71,003,162
Multifactor Developed International ETF	4,003,892	342,993	(41,428)	4,305,457	2,562,628	—	67,338	9,159,932	119,810,966
Multifactor Emerging Markets ETF	3,458,359	80,576	(19,884)	3,519,051	578,583	—	(10,677)	4,281,997	85,986,604
Multifactor Large Cap ETF	5,133,964	22	(856,737)	4,277,249	1,411,004	—	7,741,617	23,861,750	164,374,679
Multifactor Mid Cap ETF	3,271,665	87	(269,368)	3,002,384	520,492	—	2,267,399	18,384,238	110,547,779
Multifactor Small Cap ETF	3,387,351	27,854	(136,101)	3,279,104	396,431	—	(149,480)	12,122,487	85,747,914
Select Bond	162,209,254	4,566,818	(13,755,017)	153,021,055	21,198,200	—	(3,992,395)	167,505,138	2,142,294,776
Small Cap Growth	2,523,885	172,095	(492,346)	2,203,634	—	—	(2,168,070)	5,525,322	34,552,978

324

					Dividends and distributions
Affiliate	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
Small Cap Value	2,339,909	358,796	(463,869)	2,234,836	$164,789	$2,683,689	(2,188,530)	$5,413,501	$37,545,251
Strategic Equity Allocation	87,107,199	6,135,741	(15,356,892)	77,886,048	11,004,616	73,656,143	101,693,308	59,943,076	1,474,382,885
					$66,363,575	$158,592,321	$105,845,540	$501,455,291	$6,574,567,142
Managed Volatility Conservative Portfolio
Blue Chip Growth	742,753	192,640	(212,828)	722,565	$1,787	$3,240,023	$1,428,170	$(611,538)	$22,796,940
Bond	14,965,406	560,374	(1,527,233)	13,998,547	6,322,747	—	989,469	14,609,440	227,896,346
Capital Appreciation	239,578	—	(239,578)	—	—	—	(12,104)	536,703	—
Core Bond	6,252,703	140,725	(562,905)	5,830,523	714,944	—	(339,445)	6,013,657	79,003,588
Emerging Markets Equity	856,015	222,863	(48,939)	1,029,939	—	—	92,748	966,008	10,793,756
Equity Income	1,645,897	370,753	(432,525)	1,584,125	178,288	2,064,855	(1,363,132)	3,046,351	22,906,449
Fundamental Large Cap Core	528,300	85,098	(139,671)	473,727	—	—	(925,595)	5,451,712	22,539,940
Fundamental Large Cap Value	263,907	—	(263,907)	—	—	—	(261,884)	867,785	—
Global Conservative Absolute Return	605,449	—	(605,449)	—	—	—	(200,763)	383,026	—
Multifactor Developed International ETF	18,829	—	(350)	18,479	11,246	—	609	42,882	514,228
Multifactor Emerging Markets ETF	147,175	38,634	(7)	185,802	24,622	—	(2)	188,402	4,539,998
Multifactor Large Cap ETF	333,512	7	(26,762)	306,757	102,547	—	15,728	2,092,747	11,788,672
Multifactor Mid Cap ETF	429,501	18	(40,992)	388,527	67,712	—	19,625	2,688,152	14,305,564
Multifactor Small Cap ETF	344,636	5	(11,606)	333,035	40,965	—	(10,672)	1,228,450	8,708,799
Select Bond	44,241,551	1,397,724	(4,170,752)	41,468,523	5,753,592	—	76,698	44,072,671	580,559,321
Strategic Equity Allocation	5,990,400	825,699	(1,492,378)	5,323,721	758,114	5,074,215	2,475,824	8,633,138	100,778,045
					$13,976,564	$10,379,093	$1,985,274	$90,209,586	$1,107,131,646
Managed Volatility Growth Portfolio
Blue Chip Growth	12,595,838	2,146,957	(2,252,167)	12,490,628	$31,375	$56,897,297	$18,761,286	$(5,166,840)	$394,079,322
Bond	39,444,500	1,602,374	(3,693,530)	37,353,344	16,916,735	—	2,846,135	39,053,249	608,112,441
Capital Appreciation	1,332,976	—	(1,332,976)	—	—	—	343,039	2,498,614	—
Core Bond	16,565,841	480,134	(1,424,734)	15,621,241	1,914,412	—	(855,444)	16,165,732	211,667,809
Emerging Markets Equity	39,382,661	123,517	(568,852)	38,937,326	—	—	1,140,713	43,899,700	408,063,182
Equity Income	28,539,165	3,629,767	(4,063,347)	28,105,585	3,135,779	36,317,281	4,400,822	24,277,035	406,406,766
Fundamental Large Cap Core	10,425,409	933,342	(527,154)	10,831,597	—	—	(2,803,040)	93,009,366	515,367,405
Fundamental Large Cap Value	2,552,052	80,776	(2,632,828)	—	—	—	216,221	6,366,482	—
Global Conservative Absolute Return	2,232,397	—	(2,232,397)	—	—	—	(720,755)	1,398,665	—
John Hancock Collateral Trust	—	236,648	(236,648)	—	—	—	86	—	—
Mid Cap Stock	9,056,694	1,521,470	(1,999,964)	8,578,200	—	22,366,946	9,374,450	1,246,803	144,456,896
Mid Value	15,528,178	2,797,631	(1,252,842)	17,072,967	921,776	20,081,129	(3,849,010)	(1,499,709)	152,973,781
Multifactor Developed International ETF	9,838,683	44	(442,725)	9,396,002	5,703,880	—	92,048	22,590,628	261,469,125
Multifactor Emerging Markets ETF	7,143,056	42,408	(24,529)	7,160,935	1,195,033	—	(11,644)	8,728,898	174,974,582
Multifactor Large Cap ETF	7,728,647	148	(577,414)	7,151,381	2,353,986	—	5,382,952	43,315,171	274,827,572
Multifactor Mid Cap ETF	4,790,021	590,432	(175,730)	5,204,723	874,035	—	1,543,671	29,661,340	191,637,901
Multifactor Small Cap ETF	7,078,166	31,869	(292,340)	6,817,695	825,345	—	(323,660)	25,314,915	178,281,361
Select Bond	117,024,515	6,670,151	(12,411,169)	111,283,497	15,439,497	—	(2,691,455)	121,435,262	1,557,968,953
Small Cap Growth	4,296,673	138,064	(647,360)	3,787,377	—	—	(2,768,642)	8,518,257	59,386,070
Small Cap Value	3,996,832	460,574	(542,640)	3,914,766	284,551	4,634,089	(2,060,549)	7,536,584	65,768,063
Strategic Equity Allocation	157,744,193	8,242,811	(28,581,850)	137,405,154	19,389,275	129,776,378	188,380,681	103,967,903	2,601,079,560
					$68,985,679	$270,073,120	$216,397,905	$592,318,055	$8,206,520,789
Managed Volatility Moderate Portfolio
Blue Chip Growth	2,180,947	419,778	(441,181)	2,159,544	$5,403	$9,798,714	$2,927,795	$(521,607)	$68,133,605
Bond	19,171,858	510,073	(1,868,003)	17,813,928	8,084,923	—	1,277,284	18,715,492	290,010,742
Capital Appreciation	1,040,639	—	(1,040,639)	—	—	—	456,756	1,799,009	—
Core Bond	8,040,543	70,988	(672,098)	7,439,433	910,807	—	(349,576)	7,647,641	100,804,320
Emerging Markets Equity	3,568,536	55,218	(109,352)	3,514,402	—	—	213,140	3,889,994	36,830,934
Equity Income	4,932,510	755,509	(904,280)	4,783,739	540,675	6,261,875	(3,518,771)	8,502,907	69,172,863
Fundamental Large Cap Core	1,414,322	284,020	(107,137)	1,591,205	—	—	(601,995)	12,958,380	75,709,535
Fundamental Large Cap Value	1,173,376	—	(1,173,376)	—	—	—	(1,439,959)	3,996,632	—
Global Conservative Absolute Return	833,043	—	(833,043)	—	—	—	(285,798)	537,306	—

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					Dividends and distributions
Affiliate	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
Mid Cap Stock	1,128,408	221,007	(279,001)	1,070,414	—	$2,771,703	$1,197,068	$127,272	$18,025,776
Mid Value	1,937,472	466,301	(294,439)	2,109,334	$114,594	2,496,470	(305,851)	(291,052)	18,899,632
Multifactor Developed International ETF	509,781	116,822	(42)	626,561	347,644	—	89	1,212,504	17,435,752
Multifactor Emerging Markets ETF	625,592	19,083	—	644,675	104,662	—	—	775,771	15,752,376
Multifactor Large Cap ETF	1,128,329	11	(95,905)	1,032,435	347,326	—	41,590	7,073,101	39,676,477
Multifactor Mid Cap ETF	412,022	5	(19,767)	392,260	66,246	—	18,542	2,603,595	14,443,013
Multifactor Small Cap ETF	459,077	—	(5,723)	453,354	55,028	—	(5,802)	1,626,345	11,855,116
Select Bond	56,796,425	1,098,817	(5,063,327)	52,831,915	7,322,605	—	(1,453,674)	58,186,151	739,646,814
Small Cap Growth	590,961	63,982	(124,441)	530,502	—	—	(522,013)	1,319,453	8,318,267
Small Cap Value	550,497	92,511	(115,513)	527,495	38,969	634,634	(772,689)	1,549,820	8,861,908
Strategic Equity Allocation	20,940,003	1,481,175	(4,105,798)	18,315,380	2,594,445	17,365,147	27,583,800	11,422,442	346,710,135
					$20,533,327	$39,328,543	$24,459,936	$143,131,156	$1,880,287,265
Mid Cap Index Trust
John Hancock Collateral Trust	4,164,314	19,750,134	(20,360,713)	3,553,735	—	—	$17,140	$(2,061)	$35,561,156
Mid Cap Stock Trust
John Hancock Collateral Trust	3,903,774	54,401,522	(53,737,772)	4,567,524	—	—	$14,714	$(3,621)	$45,705,839
Mid Value Trust
John Hancock Collateral Trust	2,358,798	23,671,076	(23,313,346)	2,716,528	—	—	$8,452	$(1,699)	$27,183,482
Mutual Shares Trust
John Hancock Collateral Trust	16,497	3,402,304	(3,261,481)	157,320	—	—	$183	$(88)	$1,574,253
Science & Technology Trust
John Hancock Collateral Trust	5,649,695	35,941,109	(36,607,070)	4,983,734	—	—	$12,388	$(4,019)	$49,870,726
Select Bond Trust
John Hancock Collateral Trust	7,675,190	230,029,753	(234,969,472)	2,735,471	—	—	$17,380	$(6,475)	$27,373,041
Short Term Government Income Trust
John Hancock Collateral Trust	1,474,568	653,209	(2,127,777)	—	—	—	$2,149	$(147)	—
Small Cap Index Trust
John Hancock Collateral Trust	3,419,182	8,723,281	(8,903,015)	3,239,448	—	—	$11,855	$645	$32,416,185
Small Cap Opportunities Trust
John Hancock Collateral Trust	145,104	942,305	(900,872)	186,537	—	—	$514	$(99)	$1,866,621
Small Cap Stock Trust
John Hancock Collateral Trust	2,296,064	17,312,738	(16,693,927)	2,914,875	—	—	$10,119	$(2,280)	$29,168,280
Small Cap Value Trust
John Hancock Collateral Trust	475,003	6,292,791	(6,212,499)	555,295	—	—	$1,741	$(468)	$5,556,666
Small Company Value Trust
John Hancock Collateral Trust	548,433	5,084,889	(4,822,976)	810,346	—	—	$1,297	$(519)	$8,108,891
Strategic Equity Allocation Trust
John Hancock Collateral Trust	10,513,309	130,806,173	(124,237,403)	17,082,079	—	—	$27,372	$(836)	$170,935,240
Strategic Income Opportunities Trust
John Hancock Collateral Trust	556,354	7,120,685	(7,407,909)	269,130	—	—	$2,321	$(389)	$2,693,106
Total Bond Market Trust
John Hancock Collateral Trust	293,633	3,894,452	(3,327,434)	860,651	—	—	$947	$(57)	$8,612,272
Total Stock Market Index Trust
John Hancock Collateral Trust	886,116	4,772,304	(4,546,956)	1,111,464	—	—	$3,336	$(515)	$11,122,085
Ultra Short Term Bond Trust
John Hancock Collateral Trust	132,459	6,917,492	(6,953,227)	96,724	—	—	$1,197	$(111)	$967,888
Utilities Trust
John Hancock Collateral Trust	909,916	8,093,910	(8,245,010)	758,816	—	—	$3,559	$(533)	$7,593,248

Investment in affiliates of advisor. Information regarding the portfolios’ fiscal year to date purchases and sales of affiliated investments of the advisor as well as income and capital gains earned by the portfolios, if any, is as follows:

					Dividends and distributions
Affiliate	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
International Equity Index Trust
Manulife Financial Corp.	71,400	1,900	(3,900)	69,400	$34,766	—	$(73,362)	$370,127	$1,272,914

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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. Disposal may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. The following table summarizes the direct placement securities held at September 30, 2019:

Issuer, Description	Original acquisition date	Acquisition cost	Beginning share amount	Shares purchased	Shares sold	Ending share amount	Value as a percentage of net assets	Ending value
Health Sciences Trust
Acerta Pharma BV, Class B	2-8-16	$128,018	4,276,305	—	—	4,276,305	0.1%	$391,282
Doximity, Inc.	4-10-14	152,390	31,611	—	—	31,611	0.1%	182,395
JAND, Inc., Class A	4-23-15	170,752	14,867	—	—	14,867	0.1%	245,752
JAND, Inc., Series D	4-23-15	381,289	33,198	—	—	33,198	0.2%	548,763
								$1,368,192
Mid Cap Stock Trust
Coupang LLC	11-20-14	$3,902,615	1,177,710	—	—	1,177,710	0.9%	$6,713,889
DraftKings, Inc.	12-4-14	1,551,991	1,058,486	—	—	1,058,486	0.4%	2,942,591
Essence Group Holdings Corp.	5-1-14	2,731,549	1,663,188	—	—	1,663,188	0.7%	5,039,460
JAND, Inc., Class A	4-23-15	345,543	28,798	—	—	28,798	0.1%	476,031
JAND, Inc., Series D	4-23-15	771,614	64,307	—	—	64,307	0.2%	1,062,995
Lookout, Inc., Series F	7-31-14	2,338,736	211,003	—	—	211,003	0.2%	1,310,329
MarkLogic Corp., Series F	4-27-15	2,909,989	253,035	—	—	253,035	0.3%	2,489,864
The Honest Company, Inc., Series C	8-20-14	2,080,622	75,561	—	—	75,561	0.3%	2,432,309
The We Company, Inc., Series D1	12-8-14	1,983,758	103,140	—	(10,807)	92,333	0.4%	3,178,564
The We Company, Inc., Series D2	12-8-14	1,700,068	81,039	—	—	81,039	0.4%	2,789,768
								$28,435,800
Science & Technology Trust
Airbnb, Inc., Series E	7-14-15	$802,846	8,624	—	—	8,624	0.1%	$949,416
DiDi Chuxing, Inc.	10-19-15	260,905	9,513	—	—	9,513	0.1%	484,517
								$1,433,933
Small Cap Stock Trust
DraftKings, Inc.	7-13-15	$1,234,765	327,094	—	—	327,094	0.3%	$909,321
MarkLogic Corp., Series F	4-27-15	1,781,885	153,423	—	—	153,423	0.5%	1,509,682
The Honest Company, Inc., Series D	8-3-15	1,233,280	26,954	—	—	26,954	0.4%	1,026,678
								$3,445,681

The American Funds Insurance Series’ accounting policies are outlined in their financial statements, available at the Securities and Exchange Commission’s (SEC) website at www.sec.gov, or at the SEC’s public reference room in Washington, D.C. These funds are not covered by this report.

For additional information on the portfolios' significant accounting policies and risks, please refer to the portfolios' most recent semiannual or annual shareholder report and prospectus.

327