John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

500 Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.8%
Communication services – 10.4%
Diversified telecommunication services – 2.0%
AT&T, Inc.	1,615,787	$	47,100,191
CenturyLink, Inc.	217,032		2,053,123
Verizon Communications, Inc.	914,791		49,151,720
			98,305,034
Entertainment – 2.0%
Activision Blizzard, Inc.	169,931		10,107,496
Electronic Arts, Inc. (A)	64,583		6,469,279
Live Nation Entertainment, Inc. (A)	31,169		1,416,943
Netflix, Inc. (A)	96,936		36,399,468
Take-Two Interactive Software, Inc. (A)	25,034		2,969,283
The Walt Disney Company	398,671		38,511,619
			95,874,088
Interactive media and services – 5.0%
Alphabet, Inc., Class A (A)	66,274		77,007,074
Alphabet, Inc., Class C (A)	66,111		76,874,532
Facebook, Inc., Class A (A)	532,285		88,785,138
Twitter, Inc. (A)	171,722		4,217,492
			246,884,236
Media – 1.3%
Charter Communications, Inc., Class A (A)	34,680		15,131,231
Comcast Corp., Class A	1,004,156		34,522,883
Discovery, Inc., Series A (A)(B)	34,979		679,992
Discovery, Inc., Series C (A)	74,190		1,301,293
DISH Network Corp., Class A (A)	56,400		1,127,436
Fox Corp., Class A	78,414		1,852,923
Fox Corp., Class B	35,914		821,712
News Corp., Class A	85,944		771,347
News Corp., Class B	26,936		242,155
Omnicom Group, Inc.	48,160		2,643,984
The Interpublic Group of Companies, Inc.	85,762		1,388,487
ViacomCBS, Inc., Class B	119,531		1,674,629
			62,158,072
Wireless telecommunication services – 0.1%
T-Mobile US, Inc. (A)(B)	70,020		5,874,678
			509,096,108
Consumer discretionary – 9.5%
Auto components – 0.1%
Aptiv PLC	56,467		2,780,435
BorgWarner, Inc.	45,674		1,113,075
			3,893,510
Automobiles – 0.2%
Ford Motor Company	861,321		4,160,180
General Motors Company	278,108		5,779,084
Harley-Davidson, Inc. (B)	34,128		646,043
			10,585,307
Distributors – 0.1%
Genuine Parts Company	32,137		2,163,784
LKQ Corp. (A)	67,786		1,390,291
			3,554,075
Diversified consumer services – 0.0%
H&R Block, Inc.	43,186		608,059
Hotels, restaurants and leisure – 1.5%
Carnival Corp. (B)	88,600		1,166,862
Chipotle Mexican Grill, Inc. (A)	5,656		3,701,286
Darden Restaurants, Inc.	27,118		1,476,846
Hilton Worldwide Holdings, Inc.	62,411		4,258,927
Las Vegas Sands Corp.	74,748		3,174,548
Marriott International, Inc., Class A	60,021		4,490,171

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
McDonald's Corp.	166,576	$	27,543,342
MGM Resorts International	113,909		1,344,126
Norwegian Cruise Line Holdings, Ltd. (A)	47,060		515,778
Royal Caribbean Cruises, Ltd. (B)	38,022		1,223,168
Starbucks Corp.	261,224		17,172,866
Wynn Resorts, Ltd.	21,371		1,286,320
Yum! Brands, Inc.	66,901		4,584,726
			71,938,966
Household durables – 0.3%
D.R. Horton, Inc.	74,171		2,521,814
Garmin, Ltd.	31,957		2,395,497
Leggett & Platt, Inc.	29,109		776,628
Lennar Corp., A Shares	61,907		2,364,847
Mohawk Industries, Inc. (A)	13,149		1,002,480
Newell Brands, Inc.	84,286		1,119,318
NVR, Inc. (A)	768		1,973,076
PulteGroup, Inc.	56,346		1,257,643
Whirlpool Corp.	13,979		1,199,398
			14,610,701
Internet and direct marketing retail – 4.1%
Amazon.com, Inc. (A)	92,119		179,606,257
Booking Holdings, Inc. (A)	9,258		12,454,973
eBay, Inc.	169,146		5,084,529
Expedia Group, Inc.	30,910		1,739,306
			198,885,065
Leisure products – 0.0%
Hasbro, Inc.	28,147		2,013,918
Multiline retail – 0.5%
Dollar General Corp.	56,315		8,504,128
Dollar Tree, Inc. (A)	52,347		3,845,934
Kohl's Corp.	34,631		505,266
Macy's, Inc. (B)	68,348		335,589
Nordstrom, Inc. (B)	23,695		363,481
Target Corp.	112,085		10,420,542
			23,974,940
Specialty retail – 2.1%
Advance Auto Parts, Inc.	15,319		1,429,569
AutoZone, Inc. (A)	5,270		4,458,420
Best Buy Company, Inc.	50,370		2,871,090
CarMax, Inc. (A)(B)	36,370		1,957,797
L Brands, Inc. (B)	51,369		593,826
Lowe's Companies, Inc.	169,536		14,588,573
O'Reilly Automotive, Inc. (A)	16,735		5,038,072
Ross Stores, Inc.	80,011		6,958,557
The Gap, Inc. (B)	47,065		331,338
The Home Depot, Inc.	241,280		45,049,389
The TJX Companies, Inc.	268,229		12,824,028
Tiffany & Company	23,877		3,092,072
Tractor Supply Company	26,186		2,214,026
Ulta Beauty, Inc. (A)	12,643		2,221,375
			103,628,132
Textiles, apparel and luxury goods – 0.6%
Capri Holdings, Ltd. (A)(B)	33,540		361,897
Hanesbrands, Inc.	80,003		629,624
NIKE, Inc., Class B	275,608		22,803,806
PVH Corp.	16,400		617,296
Ralph Lauren Corp.	11,001		735,197
Tapestry, Inc.	61,034		790,390
Under Armour, Inc., Class A (A)	41,628		383,394
Under Armour, Inc., Class C (A)	43,038		346,886

 

1

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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.	72,437	$	3,917,393
			30,585,883
			464,278,556
Consumer staples – 7.5%
Beverages – 1.8%
Brown-Forman Corp., Class B	40,300		2,237,053
Constellation Brands, Inc., Class A	37,049		5,311,345
Molson Coors Beverage Company, Class B	41,552		1,620,944
Monster Beverage Corp. (A)	84,440		4,750,594
PepsiCo, Inc.	308,434		37,042,923
The Coca-Cola Company	852,915		37,741,489
			88,704,348
Food and staples retailing – 1.7%
Costco Wholesale Corp.	97,718		27,862,333
Sysco Corp.	112,857		5,149,665
The Kroger Company	177,394		5,343,107
Walgreens Boots Alliance, Inc.	165,833		7,586,860
Walmart, Inc.	313,776		35,651,229
			81,593,194
Food products – 1.2%
Archer-Daniels-Midland Company	123,133		4,331,819
Campbell Soup Company	37,365		1,724,768
Conagra Brands, Inc.	107,643		3,158,246
General Mills, Inc.	133,685		7,054,557
Hormel Foods Corp.	61,505		2,868,593
Kellogg Company	55,076		3,304,009
Lamb Weston Holdings, Inc.	32,308		1,844,787
McCormick & Company, Inc.	27,332		3,859,552
Mondelez International, Inc., Class A	318,474		15,949,178
The Hershey Company	32,802		4,346,265
The J.M. Smucker Company	25,228		2,800,308
The Kraft Heinz Company	137,755		3,408,059
Tyson Foods, Inc., Class A	65,292		3,778,448
			58,428,589
Household products – 1.8%
Church & Dwight Company, Inc.	54,280		3,483,690
Colgate-Palmolive Company	189,569		12,579,799
Kimberly-Clark Corp.	75,825		9,695,743
The Clorox Company	27,760		4,809,420
The Procter & Gamble Company	551,604		60,676,440
			91,245,092
Personal products – 0.2%
Coty, Inc., Class A	65,379		337,356
The Estee Lauder Companies, Inc., Class A	49,226		7,843,671
			8,181,027
Tobacco – 0.8%
Altria Group, Inc.	413,210		15,978,831
Philip Morris International, Inc.	344,143		25,108,673
			41,087,504
			369,239,754
Energy – 2.6%
Energy equipment and services – 0.2%
Baker Hughes Company	143,744		1,509,312
Halliburton Company	194,161		1,330,003
Helmerich & Payne, Inc. (B)	23,987		375,397
National Oilwell Varco, Inc.	85,342		838,912
Schlumberger, Ltd.	306,212		4,130,800
TechnipFMC PLC	92,953		626,503
			8,810,927

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels – 2.4%
Apache Corp.	83,175	$	347,672
Cabot Oil & Gas Corp.	90,229		1,551,037
Chevron Corp.	418,241		30,305,743
Concho Resources, Inc.	44,465		1,905,325
ConocoPhillips	242,704		7,475,283
Devon Energy Corp.	85,600		591,496
Diamondback Energy, Inc.	35,643		933,847
EOG Resources, Inc.	128,680		4,622,186
Exxon Mobil Corp.	935,875		35,535,174
Hess Corp.	57,288		1,907,690
HollyFrontier Corp.	32,842		804,957
Kinder Morgan, Inc.	430,848		5,997,404
Marathon Oil Corp.	176,936		582,119
Marathon Petroleum Corp.	143,623		3,392,375
Noble Energy, Inc.	105,794		638,996
Occidental Petroleum Corp. (B)	197,592		2,288,115
ONEOK, Inc.	91,370		1,992,780
Phillips 66	98,287		5,273,098
Pioneer Natural Resources Company	36,639		2,570,226
The Williams Companies, Inc.	268,092		3,793,502
Valero Energy Corp.	90,832		4,120,140
			116,629,165
			125,440,092
Financials – 10.6%
Banks – 4.0%
Bank of America Corp.	1,790,659		38,015,691
Citigroup, Inc.	482,899		20,339,706
Citizens Financial Group, Inc.	96,155		1,808,676
Comerica, Inc.	31,885		935,506
Fifth Third Bancorp	156,971		2,331,019
First Republic Bank	37,275		3,066,987
Huntington Bancshares, Inc.	228,434		1,875,443
JPMorgan Chase & Co.	693,757		62,458,943
KeyCorp	217,862		2,259,229
M&T Bank Corp.	29,188		3,018,915
People's United Financial, Inc.	98,235		1,085,497
Regions Financial Corp.	213,368		1,913,911
SVB Financial Group (A)	11,406		1,723,218
The PNC Financial Services Group, Inc.	96,918		9,276,991
Truist Financial Corp.	296,629		9,148,038
U.S. Bancorp	314,374		10,830,184
Wells Fargo & Company	851,295		24,432,167
Zions Bancorp NA	37,705		1,008,986
			195,529,107
Capital markets – 2.5%
Ameriprise Financial, Inc.	28,024		2,871,900
BlackRock, Inc.	26,085		11,476,617
Cboe Global Markets, Inc.	24,521		2,188,499
CME Group, Inc.	79,266		13,705,884
E*TRADE Financial Corp.	49,970		1,714,970
Franklin Resources, Inc.	61,694		1,029,673
Intercontinental Exchange, Inc.	123,169		9,945,897
Invesco, Ltd.	82,325		747,511
MarketAxess Holdings, Inc.	8,388		2,789,597
Moody's Corp.	35,914		7,595,811
Morgan Stanley	272,093		9,251,162
MSCI, Inc.	18,736		5,413,955
Nasdaq, Inc.	25,379		2,409,736
Northern Trust Corp.	46,866		3,536,508
Raymond James Financial, Inc.	27,309		1,725,929
S&P Global, Inc.	54,059		13,247,158
State Street Corp.	80,430		4,284,506
T. Rowe Price Group, Inc.	51,687		5,047,236
The Bank of New York Mellon Corp.	185,622		6,251,749

 

2

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
The Charles Schwab Corp.	252,880	$	8,501,826
The Goldman Sachs Group, Inc.	70,488		10,896,740
			124,632,864
Consumer finance – 0.5%
American Express Company	148,414		12,705,723
Capital One Financial Corp.	103,012		5,193,865
Discover Financial Services	69,336		2,473,215
Synchrony Financial	131,496		2,115,771
			22,488,574
Diversified financial services – 1.6%
Berkshire Hathaway, Inc., Class B (A)	432,654		79,102,131
Insurance – 2.0%
Aflac, Inc.	162,357		5,559,104
American International Group, Inc.	192,424		4,666,282
Aon PLC	51,789		8,547,257
Arthur J. Gallagher & Company	41,257		3,362,858
Assurant, Inc.	13,412		1,396,055
Chubb, Ltd.	100,243		11,196,130
Cincinnati Financial Corp.	33,607		2,535,648
Everest Re Group, Ltd.	9,021		1,735,821
Globe Life, Inc.	22,036		1,585,931
Lincoln National Corp.	43,869		1,154,632
Loews Corp.	56,580		1,970,681
Marsh & McLennan Companies, Inc.	111,627		9,651,270
MetLife, Inc.	172,901		5,285,584
Principal Financial Group, Inc.	57,119		1,790,109
Prudential Financial, Inc.	88,918		4,636,185
The Allstate Corp.	71,656		6,573,005
The Hartford Financial Services Group, Inc.	79,721		2,809,368
The Progressive Corp.	129,314		9,548,546
The Travelers Companies, Inc.	57,092		5,672,090
Unum Group	45,624		684,816
W.R. Berkley Corp.	32,095		1,674,396
Willis Towers Watson PLC	28,439		4,830,364
			96,866,132
			518,618,808
Health care – 14.9%
Biotechnology – 2.3%
AbbVie, Inc.	327,099		24,921,673
Alexion Pharmaceuticals, Inc. (A)	48,947		4,394,951
Amgen, Inc.	131,427		26,644,196
Biogen, Inc. (A)	39,912		12,627,359
Gilead Sciences, Inc.	279,837		20,920,614
Incyte Corp. (A)	39,544		2,895,807
Regeneron Pharmaceuticals, Inc. (A)	17,669		8,627,596
Vertex Pharmaceuticals, Inc. (A)	56,879		13,534,358
			114,566,554
Health care equipment and supplies – 3.6%
Abbott Laboratories	390,929		30,848,207
ABIOMED, Inc. (A)	9,988		1,449,858
Align Technology, Inc. (A)	15,864		2,759,543
Baxter International, Inc.	112,930		9,168,787
Becton, Dickinson and Company	59,823		13,745,531
Boston Scientific Corp. (A)	308,299		10,059,796
Danaher Corp.	141,400		19,571,174
Dentsply Sirona, Inc.	49,196		1,910,281
Edwards Lifesciences Corp. (A)	46,133		8,701,606
Hologic, Inc. (A)	59,311		2,081,816
IDEXX Laboratories, Inc. (A)	18,974		4,596,262
Intuitive Surgical, Inc. (A)	25,564		12,659,548
Medtronic PLC	296,477		26,736,296
ResMed, Inc.	31,804		4,684,411

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
STERIS PLC	18,753	$	2,624,857
Stryker Corp.	71,219		11,857,251
Teleflex, Inc.	10,240		2,998,886
The Cooper Companies, Inc.	10,965		3,022,722
Varian Medical Systems, Inc. (A)	20,106		2,064,082
Zimmer Biomet Holdings, Inc.	45,495		4,598,635
			176,139,549
Health care providers and services – 2.9%
AmerisourceBergen Corp.	33,250		2,942,625
Anthem, Inc.	56,086		12,733,765
Cardinal Health, Inc.	64,695		3,101,478
Centene Corp. (A)	129,132		7,671,732
Cigna Corp.	82,598		14,634,714
CVS Health Corp.	287,759		17,072,741
DaVita, Inc. (A)	19,836		1,508,726
HCA Healthcare, Inc.	58,518		5,257,842
Henry Schein, Inc. (A)	32,457		1,639,728
Humana, Inc.	29,291		9,197,960
Laboratory Corp. of America Holdings (A)	21,477		2,714,478
McKesson Corp. (B)	39,856		5,390,923
Quest Diagnostics, Inc.	29,794		2,392,458
UnitedHealth Group, Inc.	209,558		52,259,574
Universal Health Services, Inc., Class B	17,767		1,760,354
			140,279,098
Health care technology – 0.1%
Cerner Corp.	69,475		4,376,230
Life sciences tools and services – 1.0%
Agilent Technologies, Inc.	68,451		4,902,461
Illumina, Inc. (A)	32,515		8,880,497
IQVIA Holdings, Inc. (A)	39,915		4,305,232
Mettler-Toledo International, Inc. (A)	5,387		3,719,777
PerkinElmer, Inc.	24,574		1,849,931
Thermo Fisher Scientific, Inc.	88,695		25,153,902
Waters Corp. (A)	14,252		2,594,577
			51,406,377
Pharmaceuticals – 5.0%
Allergan PLC	72,611		12,859,408
Bristol-Myers Squibb Company	518,508		28,901,636
Eli Lilly & Company	186,886		25,924,826
Johnson & Johnson	582,142		76,336,280
Merck & Company, Inc.	563,144		43,328,299
Mylan NV (A)	114,163		1,702,170
Perrigo Company PLC	30,106		1,447,798
Pfizer, Inc.	1,224,088		39,954,232
Zoetis, Inc.	105,352		12,398,877
			242,853,526
			729,621,334
Industrials – 7.9%
Aerospace and defense – 1.9%
Arconic, Inc.	85,681		1,376,037
General Dynamics Corp.	51,833		6,858,024
Huntington Ingalls Industries, Inc.	9,047		1,648,454
L3Harris Technologies, Inc.	48,897		8,807,328
Lockheed Martin Corp.	54,904		18,609,711
Northrop Grumman Corp.	34,668		10,488,803
Raytheon Company	61,597		8,078,447
Textron, Inc.	50,489		1,346,542
The Boeing Company	118,259		17,637,147
TransDigm Group, Inc.	11,015		3,526,893
United Technologies Corp.	179,453		16,927,801
			95,305,187

 

3

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics – 0.5%
C.H. Robinson Worldwide, Inc.	29,916	$	1,980,439
Expeditors International of Washington, Inc.	37,669		2,513,276
FedEx Corp.	53,094		6,438,178
United Parcel Service, Inc., Class B	154,999		14,480,007
			25,411,900
Airlines – 0.2%
Alaska Air Group, Inc. (B)	27,245		775,665
American Airlines Group, Inc.	86,235		1,051,205
Delta Air Lines, Inc.	127,317		3,632,354
Southwest Airlines Company	104,766		3,730,717
United Airlines Holdings, Inc. (A)(B)	48,135		1,518,659
			10,708,600
Building products – 0.3%
Allegion PLC	20,552		1,891,195
AO Smith Corp.	30,316		1,146,248
Fortune Brands Home & Security, Inc.	30,779		1,331,192
Johnson Controls International PLC	170,630		4,600,185
Masco Corp.	62,840		2,172,379
Trane Technologies PLC	52,996		4,376,940
			15,518,139
Commercial services and supplies – 0.4%
Cintas Corp.	18,543		3,212,018
Copart, Inc. (A)	45,246		3,100,256
Republic Services, Inc.	46,590		3,497,045
Rollins, Inc.	31,143		1,125,508
Waste Management, Inc.	86,331		7,990,797
			18,925,624
Construction and engineering – 0.1%
Jacobs Engineering Group, Inc.	29,971		2,375,801
Quanta Services, Inc.	31,474		998,670
			3,374,471
Electrical equipment – 0.4%
AMETEK, Inc.	50,562		3,641,475
Eaton Corp. PLC	91,440		7,103,974
Emerson Electric Company	134,738		6,420,266
Rockwell Automation, Inc.	25,558		3,856,958
			21,022,673
Industrial conglomerates – 1.2%
3M Company	127,195		17,363,389
General Electric Company	1,931,767		15,338,230
Honeywell International, Inc.	158,047		21,145,108
Roper Technologies, Inc.	23,017		7,176,931
			61,023,658
Machinery – 1.4%
Caterpillar, Inc. (B)	122,242		14,184,962
Cummins, Inc.	33,887		4,585,589
Deere & Company	69,647		9,622,430
Dover Corp.	32,131		2,697,076
Flowserve Corp.	28,945		691,496
Fortive Corp.	65,363		3,607,384
IDEX Corp.	16,824		2,323,563
Illinois Tool Works, Inc.	64,693		9,194,169
Ingersoll Rand, Inc. (A)	46,763		1,159,722
PACCAR, Inc.	76,504		4,676,690
Parker-Hannifin Corp.	28,415		3,686,278
Pentair PLC	37,180		1,106,477
Snap-on, Inc.	12,131		1,320,095
Stanley Black & Decker, Inc.	33,623		3,362,300
Wabtec Corp.	40,278		1,938,580
Xylem, Inc.	39,832		2,594,258
			66,751,069

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services – 0.3%
Equifax, Inc.	26,782	$	3,199,110
IHS Markit, Ltd.	88,694		5,321,640
Nielsen Holdings PLC	78,701		986,911
Robert Half International, Inc.	26,003		981,613
Verisk Analytics, Inc.	36,246		5,051,967
			15,541,241
Road and rail – 1.0%
CSX Corp.	172,005		9,855,887
J.B. Hunt Transport Services, Inc.	18,859		1,739,366
Kansas City Southern	21,924		2,788,294
Norfolk Southern Corp.	57,674		8,420,404
Old Dominion Freight Line, Inc.	21,188		2,781,071
Union Pacific Corp.	153,550		21,656,692
			47,241,714
Trading companies and distributors – 0.2%
Fastenal Company	126,858		3,964,313
United Rentals, Inc. (A)	16,624		1,710,610
W.W. Grainger, Inc.	9,651		2,398,274
			8,073,197
			388,897,473
Information technology – 24.7%
Communications equipment – 1.0%
Arista Networks, Inc. (A)	11,998		2,430,195
Cisco Systems, Inc.	938,343		36,886,263
F5 Networks, Inc. (A)	13,447		1,433,854
Juniper Networks, Inc.	74,034		1,417,011
Motorola Solutions, Inc.	37,898		5,037,402
			47,204,725
Electronic equipment, instruments and components – 0.5%
Amphenol Corp., Class A	65,581		4,779,543
CDW Corp.	31,781		2,964,214
Corning, Inc.	170,119		3,494,244
FLIR Systems, Inc.	29,673		946,272
IPG Photonics Corp. (A)	7,865		867,352
Keysight Technologies, Inc. (A)	41,490		3,471,883
TE Connectivity, Ltd.	73,982		4,659,386
Zebra Technologies Corp., Class A (A)	11,927		2,189,797
			23,372,691
IT services – 5.4%
Accenture PLC, Class A	140,469		22,932,969
Akamai Technologies, Inc. (A)	35,744		3,270,219
Alliance Data Systems Corp.	9,067		305,105
Automatic Data Processing, Inc.	95,708		13,081,369
Broadridge Financial Solutions, Inc.	25,358		2,404,699
Cognizant Technology Solutions Corp., Class A	121,116		5,628,261
DXC Technology Company	56,624		738,943
Fidelity National Information Services, Inc.	135,943		16,536,107
Fiserv, Inc. (A)	126,324		11,999,517
FleetCor Technologies, Inc. (A)	19,195		3,580,635
Gartner, Inc. (A)	19,786		1,970,092
Global Payments, Inc.	66,478		9,588,122
IBM Corp.	195,893		21,730,410
Jack Henry & Associates, Inc.	17,018		2,641,874
Leidos Holdings, Inc.	29,434		2,697,626
Mastercard, Inc., Class A	196,356		47,431,755
Paychex, Inc.	70,464		4,433,595
PayPal Holdings, Inc. (A)	259,719		24,865,497
The Western Union Company	92,735		1,681,286
VeriSign, Inc. (A)	22,853		4,115,597
Visa, Inc., Class A	378,640		61,006,477
			262,640,155

 

4

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment – 4.4%
Advanced Micro Devices, Inc. (A)	246,323	$	11,202,770
Analog Devices, Inc.	81,464		7,303,248
Applied Materials, Inc.	204,324		9,362,126
Broadcom, Inc.	87,739		20,802,917
Intel Corp.	962,173		52,072,803
KLA Corp.	34,902		5,016,813
Lam Research Corp.	32,090		7,701,600
Maxim Integrated Products, Inc.	59,856		2,909,600
Microchip Technology, Inc. (B)	52,859		3,583,840
Micron Technology, Inc. (A)	244,868		10,299,148
NVIDIA Corp.	135,368		35,683,005
Qorvo, Inc. (A)	25,696		2,071,868
QUALCOMM, Inc.	252,564		17,085,955
Skyworks Solutions, Inc.	37,685		3,368,285
Texas Instruments, Inc.	206,762		20,661,727
Xilinx, Inc.	55,623		4,335,257
			213,460,962
Software – 8.3%
Adobe, Inc. (A)	107,073		34,074,912
ANSYS, Inc. (A)	18,930		4,400,657
Autodesk, Inc. (A)	48,669		7,597,231
Cadence Design Systems, Inc. (A)	62,064		4,098,707
Citrix Systems, Inc.	27,075		3,832,466
Fortinet, Inc. (A)	31,400		3,176,738
Intuit, Inc.	57,577		13,242,710
Microsoft Corp.	1,687,410		266,121,431
NortonLifeLock, Inc.	126,827		2,372,933
Oracle Corp.	479,198		23,159,639
Paycom Software, Inc. (A)	10,496		2,120,297
salesforce.com, Inc. (A)	196,195		28,248,156
ServiceNow, Inc. (A)	41,716		11,954,971
Synopsys, Inc. (A)	33,252		4,282,525
			408,683,373
Technology hardware, storage and peripherals – 5.1%
Apple, Inc.	923,834		234,921,748
Hewlett Packard Enterprise Company	286,219		2,779,186
HP, Inc.	327,783		5,690,313
NetApp, Inc.	50,481		2,104,553
Seagate Technology PLC	51,136		2,495,437
Western Digital Corp.	65,783		2,737,888
Xerox Holdings Corp.	41,124		778,889
			251,508,014
			1,206,869,920
Materials – 2.4%
Chemicals – 1.7%
Air Products & Chemicals, Inc.	48,758		9,732,584
Albemarle Corp. (B)	23,453		1,322,046
Celanese Corp.	26,736		1,962,155
CF Industries Holdings, Inc.	48,094		1,308,157
Corteva, Inc.	165,538		3,890,143
Dow, Inc.	164,011		4,795,682
DuPont de Nemours, Inc.	163,859		5,587,592
Eastman Chemical Company	30,077		1,400,987
Ecolab, Inc. (B)	55,468		8,643,578
FMC Corp.	28,669		2,341,971
International Flavors & Fragrances, Inc. (B)	23,618		2,410,925
Linde PLC	118,818		20,555,514
LyondellBasell Industries NV, Class A	56,785		2,818,240
PPG Industries, Inc.	52,303		4,372,531
The Mosaic Company	77,337		836,786
The Sherwin-Williams Company	18,172		8,350,397
			80,329,288

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction materials – 0.1%
Martin Marietta Materials, Inc.	13,825	$	2,616,105
Vulcan Materials Company	29,276		3,163,857
			5,779,962
Containers and packaging – 0.3%
Amcor PLC	358,358		2,909,867
Avery Dennison Corp.	18,470		1,881,539
Ball Corp.	72,358		4,678,668
International Paper Company	86,732		2,699,967
Packaging Corp. of America	20,937		1,817,960
Sealed Air Corp.	34,177		844,514
Westrock Company	57,044		1,612,063
			16,444,578
Metals and mining – 0.3%
Freeport-McMoRan, Inc.	320,927		2,166,257
Newmont Corp.	181,340		8,211,075
Nucor Corp.	67,068		2,415,789
			12,793,121
			115,346,949
Real estate – 2.8%
Equity real estate investment trusts – 2.8%
Alexandria Real Estate Equities, Inc.	25,470		3,490,918
American Tower Corp.	97,974		21,333,839
Apartment Investment & Management Company, A Shares	32,932		1,157,560
AvalonBay Communities, Inc.	30,892		4,546,376
Boston Properties, Inc.	31,807		2,933,560
Crown Castle International Corp.	91,963		13,279,457
Digital Realty Trust, Inc.	46,167		6,413,058
Duke Realty Corp.	81,303		2,632,591
Equinix, Inc.	18,863		11,781,264
Equity Residential	77,211		4,764,691
Essex Property Trust, Inc.	14,617		3,219,248
Extra Space Storage, Inc.	28,646		2,743,141
Federal Realty Investment Trust	15,536		1,159,141
Healthpeak Properties, Inc.	109,479		2,611,074
Host Hotels & Resorts, Inc.	158,632		1,751,297
Iron Mountain, Inc.	63,513		1,511,609
Kimco Realty Corp.	93,394		903,120
Mid-America Apartment Communities, Inc.	25,230		2,599,447
Prologis, Inc.	139,736		11,230,582
Public Storage	33,228		6,599,413
Realty Income Corp.	72,090		3,594,407
Regency Centers Corp.	37,063		1,424,331
SBA Communications Corp.	24,906		6,723,873
Simon Property Group, Inc.	67,874		3,723,568
SL Green Realty Corp.	18,030		777,093
UDR, Inc.	64,820		2,368,523
Ventas, Inc.	82,445		2,209,526
Vornado Realty Trust	35,038		1,268,726
Welltower, Inc.	89,749		4,108,709
Weyerhaeuser Company	164,817		2,793,648
			135,653,790
Real estate management and development – 0.0%
CBRE Group, Inc., Class A (A)	74,043		2,792,162
			138,445,952
Utilities – 3.5%
Electric utilities – 2.2%
Alliant Energy Corp.	53,163		2,567,241
American Electric Power Company, Inc.	109,257		8,738,375
Duke Energy Corp.	161,254		13,042,224
Edison International	79,319		4,345,888
Entergy Corp.	44,039		4,138,345

 

5

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Evergy, Inc.		50,410	$	2,775,071
Eversource Energy		71,612		5,600,775
Exelon Corp.		215,020		7,914,886
FirstEnergy Corp.		119,511		4,788,806
NextEra Energy, Inc.		108,112		26,013,909
NRG Energy, Inc.		55,650		1,517,019
Pinnacle West Capital Corp.		24,864		1,884,443
PPL Corp.		159,927		3,946,998
The Southern Company		231,969		12,558,802
Xcel Energy, Inc.		115,989		6,994,137
				106,826,919
Gas utilities – 0.1%
Atmos Energy Corp.		26,398		2,619,474
Independent power and renewable electricity producers – 0.0%
AES Corp.		146,846		1,997,106
Multi-utilities – 1.1%
Ameren Corp.		54,419		3,963,336
CenterPoint Energy, Inc.		111,090		1,716,341
CMS Energy Corp.		62,783		3,688,501
Consolidated Edison, Inc.		73,530		5,735,340
Dominion Energy, Inc.		182,059		13,142,839
DTE Energy Company		42,492		4,035,465
NiSource, Inc.		82,624		2,063,121
Public Service Enterprise Group, Inc.		111,861		5,023,678
Sempra Energy		62,352		7,045,152
WEC Energy Group, Inc.		69,771		6,148,918
				52,562,691
Water utilities – 0.1%
American Water Works Company, Inc.		39,986		4,780,726
				168,786,916
TOTAL COMMON STOCKS (Cost $2,723,297,170)			$	4,734,641,862
SHORT-TERM INVESTMENTS – 3.5%
U.S. Government Agency – 2.5%
Federal Home Loan Bank Discount Note
0.030%, 09/01/2020 *	$	25,000,000		24,986,188

500 Index Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
U.S. Government Agency (continued)
Federal Home Loan Bank Discount Note (continued)
0.060%, 10/01/2020 *	$	30,000,000	$	29,978,650
1.530%, 04/03/2020 *		30,000,000		29,999,883
1.550%, 04/17/2020 *		10,000,000		9,999,689
1.560%, 05/05/2020 *		25,000,000		24,998,347
				119,962,757
Short-term funds – 0.7%
John Hancock Collateral Trust, 1.1260% (C)(D)		3,579,810		35,789,152
Repurchase agreement – 0.3%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $13,776,000 on 4-1-20, collateralized by $13,370,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $14,056,616)	$	13,776,000		13,776,000
TOTAL SHORT-TERM INVESTMENTS (Cost $169,487,891)			$	169,527,909
Total Investments (500 Index Trust) (Cost $2,892,785,061) – 100.3%			$	4,904,169,771
Other assets and liabilities, net – (0.3%)				(12,590,170)
TOTAL NET ASSETS – 100.0%			$	4,891,579,601

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $34,920,236.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	1,157	Long	Jun 2020	$142,798,318	$148,819,125	$6,020,807
						$6,020,807

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

Active Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 47.1%
U.S. Government – 19.5%
U.S. Treasury Bonds
2.000%, 02/15/2050	$	1,000,000	$	1,161,445
2.250%, 08/15/2049		10,419,000		12,676,179
2.375%, 11/15/2049 (A)		8,190,000		10,222,144
2.500%, 02/15/2045		4,501,000		5,621,151
2.750%, 11/15/2042		5,155,000		6,659,213

Active 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	$	5,000,000	$	6,827,930
3.000%, 02/15/2047		8,272,000		11,434,424
3.125%, 11/15/2041		5,430,000		7,415,132
3.375%, 11/15/2048		2,300,000		3,414,781

 

6

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Inflation Protected Securities 0.250%, 07/15/2029	$	1,784,850	$	1,855,075
U.S. Treasury Notes
0.500%, 03/31/2025		15,006,000		15,100,960
1.500%, 02/15/2030		4,789,000		5,162,767
1.625%, 09/30/2026		2,750,000		2,943,574
1.750%, 11/15/2029		920,000		1,011,281
2.000%, 02/15/2025		1,500,000		1,616,660
2.375%, 12/31/2020 to 05/15/2029		15,500,000		17,367,520
2.750%, 02/15/2028		14,040,000		16,374,698
2.875%, 08/15/2028		10,000,000		11,828,906
				138,693,840
U.S. Government Agency – 27.6%
Federal Home Loan Mortgage Corp.
3.000%, 10/01/2031 to 01/01/2050		18,166,175		19,149,761
3.500%, 10/01/2046 to 12/01/2049		16,159,524		17,236,214
4.000%, 01/01/2041 to 12/01/2048		5,751,908		6,193,042
4.500%, 09/01/2023 to 10/01/2041		2,293,348		2,511,083
Federal National Mortgage Association
3.000%, TBA (B)		31,250,000		32,770,506
3.000%, 07/01/2027 to 11/01/2049		21,832,066		22,988,528
3.500%, TBA (B)		25,000,000		26,442,118
3.500%, 06/01/2034 to 03/01/2050		18,919,554		20,164,650
3.997%, (6 month LIBOR + 2.122%), 07/01/2033 (C)		18,865		19,727
4.000%, TBA (B)		16,000,000		17,078,877
4.000%, 10/01/2025 to 10/01/2048		13,021,699		14,081,974
4.022%, (12 month LIBOR + 1.620%), 08/01/2034 (C)		341,193		357,306
4.500%, 08/01/2040 to 07/01/2048		8,026,481		8,749,953
5.000%, 01/01/2022 to 02/01/2036		1,780,592		1,975,995
5.500%, 09/01/2034 to 01/01/2037		2,262,561		2,566,989
6.000%, 05/01/2035 to 02/01/2036		1,701,527		1,969,511
7.000%, 09/01/2031 to 06/01/2032		126,038		146,049
7.500%, 09/01/2029 to 08/01/2031		29,236		33,769
Government National Mortgage Association
4.000%, 02/15/2041		1,795,187		1,965,514
5.000%, 04/15/2035		248,242		273,778
5.500%, 03/15/2035		215,823		242,202
6.000%, 03/15/2033 to 06/15/2033		157,688		178,773
6.500%, 09/15/2028 to 08/15/2031		38,749		43,428
7.000%, 04/15/2029		32,014		36,342
8.000%, 10/15/2026		16,982		18,963
				197,195,052
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $311,534,968)			$	335,888,892
FOREIGN GOVERNMENT OBLIGATIONS – 0.6%
Argentina – 0.0%
Republic of Argentina, GDP-Linked Note 6.194%, 12/15/2035 (D)*	ARS	19,532,033		3,948
Germany – 0.2%
Federal Republic of Germany 6.250%, 01/04/2030	EUR	725,000		1,338,672
Mexico – 0.1%
Government of Mexico 8.000%, 12/07/2023	MXN	11,861,100		524,264
Panama – 0.1%
Republic of Panama
8.875%, 09/30/2027	$	344,000		465,263

Active Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Panama (continued)
Republic of Panama (continued)
9.375%, 04/01/2029	$	130,000	$	184,276
				649,539
Qatar – 0.1%
State of Qatar
3.375%, 03/14/2024 (E)		428,000		435,490
5.103%, 04/23/2048 (E)		255,000		309,228
				744,718
Saudi Arabia – 0.1%
Kingdom of Saudi Arabia 4.375%, 04/16/2029 (E)		640,000		687,341
United Kingdom – 0.0%
Government of United Kingdom 6.000%, 12/07/2028	GBP	85,000		157,657
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $4,110,271)			$	4,106,139
CORPORATE BONDS – 39.8%
Communication services – 4.7%
Activision Blizzard, Inc. 3.400%, 09/15/2026	$	218,000		229,887
AT&T, Inc.
3.400%, 05/15/2025		700,000		724,011
3.800%, 02/15/2027		372,000		386,508
4.350%, 06/15/2045		285,000		301,349
7.570%, 02/01/2024		716,000		832,137
7.625%, 04/15/2031		451,000		600,490
C&W Senior Financing DAC 6.875%, 09/15/2027 (E)		315,000		271,688
Cablevision Systems Corp. 5.875%, 09/15/2022		215,000		217,150
CC Holdings GS V LLC 3.849%, 04/15/2023		374,000		375,641
CenturyLink, Inc.
4.000%, 02/15/2027 (E)		150,000		143,250
7.600%, 09/15/2039		1,000,000		970,000
Charter Communications Operating LLC
4.200%, 03/15/2028		647,000		664,121
4.800%, 03/01/2050		699,000		728,308
5.750%, 04/01/2048		775,000		879,805
6.484%, 10/23/2045		620,000		758,016
Cincinnati Bell, Inc. 7.000%, 07/15/2024 (E)		482,000		485,013
Comcast Corp.
3.100%, 04/01/2025		333,000		352,093
3.969%, 11/01/2047		633,000		731,596
3.999%, 11/01/2049		761,000		898,949
4.049%, 11/01/2052		532,000		634,051
4.150%, 10/15/2028		1,138,000		1,295,545
Comunicaciones Celulares SA 6.875%, 02/06/2024 (E)		700,000		679,007
CSC Holdings LLC
5.375%, 02/01/2028 (E)		135,000		137,700
5.500%, 04/15/2027 (E)		165,000		170,759
5.750%, 01/15/2030 (E)		243,000		245,056
7.500%, 04/01/2028 (E)		220,000		234,392
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		758,000		1,033,859
Discovery Communications LLC 2.800%, 06/15/2020		600,000		598,596
Fox Corp. 3.500%, 04/08/2030		400,000		399,196

 

7

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 (E)	$	177,000	$	175,230
6.875%, 04/15/2025		216,000		213,840
Level 3 Financing, Inc. 3.400%, 03/01/2027 (E)		432,000		411,199
Lions Gate Capital Holdings LLC 5.875%, 11/01/2024 (E)		230,000		195,916
Liquid Telecommunications Financing PLC 8.500%, 07/13/2022 (E)		280,000		206,621
Match Group, Inc. 4.125%, 08/01/2030 (E)		234,000		209,138
MDC Partners, Inc. 6.500%, 05/01/2024 (E)		502,000		376,500
MTN Mauritius Investments, Ltd. 4.755%, 11/11/2024 (E)		140,000		123,167
National CineMedia LLC 5.875%, 04/15/2028 (E)		180,000		124,200
Netflix, Inc.
4.375%, 11/15/2026		700,000		701,750
4.875%, 04/15/2028		415,000		423,300
4.875%, 06/15/2030 (E)		277,000		281,197
5.375%, 11/15/2029 (E)		120,000		125,400
5.875%, 11/15/2028		480,000		513,600
Oztel Holdings SPC, Ltd. 6.625%, 04/24/2028 (E)		250,000		177,182
Radiate Holdco LLC 6.625%, 02/15/2025 (A)(E)		270,000		229,500
Sirius XM Radio, Inc.
5.000%, 08/01/2027 (E)		577,000		585,597
5.375%, 07/15/2026 (E)		350,000		354,270
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) 07/19/2027 (F)		404,000		304,955
Sprint Capital Corp. 6.875%, 11/15/2028		400,000		456,880
Sprint Corp. 7.875%, 09/15/2023		305,000		336,226
Telecom Argentina SA
6.500%, 06/15/2021 (E)		272,000		228,823
8.000%, 07/18/2026 (A)(E)		249,000		187,001
Telecom Italia Capital SA 7.200%, 07/18/2036		405,000		419,175
Telecom Italia SpA 5.303%, 05/30/2024 (E)		270,000		271,366
Telefonica Celular del Paraguay SA 5.875%, 04/15/2027 (E)		265,000		239,007
The Walt Disney Company 3.350%, 03/24/2025		777,000		847,271
Time Warner Cable LLC 5.500%, 09/01/2041		450,000		470,542
Time Warner Entertainment Company LP 8.375%, 07/15/2033		300,000		413,019
Twitter, Inc. 3.875%, 12/15/2027 (E)		85,000		81,759
Verizon Communications, Inc.
3.000%, 03/22/2027 (A)		104,000		109,443
4.000%, 03/22/2050		103,000		122,241
4.272%, 01/15/2036		1,311,000		1,531,591
4.400%, 11/01/2034 (A)		335,000		392,200
4.522%, 09/15/2048		978,000		1,234,559
4.672%, 03/15/2055		397,000		505,674
4.862%, 08/21/2046		760,000		990,970
5.012%, 08/21/2054		335,000		458,290

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
ViacomCBS, Inc.
4.375%, 03/15/2043	$	642,000	$	569,592
4.750%, 05/15/2025		785,000		782,163
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) 04/04/2079		606,000		647,914
WMG Acquisition Corp.
4.875%, 11/01/2024 (E)		135,000		131,625
5.500%, 04/15/2026 (E)		234,000		228,735
				33,366,801
Consumer discretionary – 3.5%
Advance Auto Parts, Inc. 4.500%, 12/01/2023		650,000		667,850
Amazon.com, Inc.
3.150%, 08/22/2027		760,000		832,418
4.050%, 08/22/2047		440,000		561,672
Asbury Automotive Group, Inc. 4.750%, 03/01/2030 (E)		20,000		17,000
AutoZone, Inc. 3.125%, 04/21/2026		535,000		531,397
Brinker International, Inc. 3.875%, 05/15/2023		740,000		479,150
CCM Merger, Inc. 6.000%, 03/15/2022 (E)		195,000		159,900
Connect Finco SARL 6.750%, 10/01/2026 (E)		490,000		404,863
Daimler Finance North America LLC
2.700%, 06/14/2024 (E)		300,000		289,729
3.500%, 08/03/2025 (E)		240,000		232,807
Dealer Tire LLC 8.000%, 02/01/2028 (A)(E)		122,000		97,600
Diamond Sports Group LLC 6.625%, 08/15/2027 (A)(E)		375,000		250,781
Dollar Tree, Inc. 4.200%, 05/15/2028		781,000		779,912
eBay, Inc. 3.800%, 03/09/2022		520,000		527,400
Eldorado Resorts, Inc.
6.000%, 09/15/2026 (A)		160,000		144,400
7.000%, 08/01/2023		95,000		85,263
Expedia Group, Inc.
3.250%, 02/15/2030		570,000		464,646
3.800%, 02/15/2028		743,000		642,826
5.000%, 02/15/2026		615,000		555,689
5.950%, 08/15/2020		400,000		394,581
Ford Motor Credit Company LLC
4.134%, 08/04/2025		1,179,000		1,045,773
5.113%, 05/03/2029		667,000		568,618
General Motors Financial Company, Inc.
4.000%, 01/15/2025		929,000		825,642
4.300%, 07/13/2025		460,000		422,472
Hilton Domestic Operating Company, Inc. 4.875%, 01/15/2030		200,000		170,000
Hyatt Hotels Corp. 3.375%, 07/15/2023		660,000		608,303
International Game Technology PLC 6.500%, 02/15/2025 (E)		180,000		159,280
Jacobs Entertainment, Inc. 7.875%, 02/01/2024 (E)		205,000		172,713
JB Poindexter & Company, Inc. 7.125%, 04/15/2026 (E)		106,000		98,094
Laureate Education, Inc. 8.250%, 05/01/2025 (E)		209,000		207,955

 

8

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Marriott International, Inc. 3.125%, 06/15/2026	$	1,000,000	$	918,340
McDonald's Corp.
3.600%, 07/01/2030		500,000		523,650
4.200%, 04/01/2050		500,000		553,965
MDC Holdings, Inc. 5.500%, 01/15/2024		670,000		670,000
NCL Corp., Ltd. 3.625%, 12/15/2024 (E)		700,000		446,460
NIKE, Inc.
2.750%, 03/27/2027		500,000		522,483
2.850%, 03/27/2030		500,000		528,509
Nissan Motor Acceptance Corp. 3.450%, 03/15/2023 (E)		285,000		278,419
Prosus NV 5.500%, 07/21/2025 (E)		365,000		357,634
QVC, Inc.
4.375%, 03/15/2023		315,000		297,879
5.125%, 07/02/2022		185,000		155,186
5.450%, 08/15/2034		245,000		179,548
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (E)		300,000		265,290
Sotheby's 7.375%, 10/15/2027 (A)(E)		330,000		263,175
Starbucks Corp. 2.250%, 03/12/2030		523,000		488,006
Target Corp.
2.250%, 04/15/2025		762,000		773,610
2.650%, 09/15/2030		500,000		511,953
The Home Depot, Inc.
2.500%, 04/15/2027		500,000		504,988
2.700%, 04/15/2030		500,000		509,568
The TJX Companies, Inc.
3.500%, 04/15/2025		442,000		452,083
3.875%, 04/15/2030		942,000		974,733
4.500%, 04/15/2050		400,000		428,711
Twin River Worldwide Holdings, Inc. 6.750%, 06/01/2027 (E)		353,000		264,750
Waterford Gaming LLC 8.625%, 09/15/2014 (E)(G)(H)		330,607		0
Wyndham Destinations, Inc.
4.625%, 03/01/2030 (E)		191,000		147,070
5.750%, 04/01/2027		700,000		584,500
Yum! Brands, Inc.
4.750%, 01/15/2030 (E)		241,000		224,467
5.350%, 11/01/2043		600,000		510,000
6.875%, 11/15/2037		292,000		278,682
				25,012,393
Consumer staples – 1.3%
Albertsons Companies, Inc. 4.875%, 02/15/2030 (E)		148,000		146,520
Alimentation Couche-Tard, Inc. 2.700%, 07/26/2022 (E)		315,000		311,315
Anheuser-Busch InBev Worldwide, Inc.
4.439%, 10/06/2048		730,000		745,686
4.600%, 04/15/2048		440,000		466,104
Bunge, Ltd. Finance Corp. 3.250%, 08/15/2026		500,000		499,626
Fomento Economico Mexicano SAB de CV 4.375%, 05/10/2043		1,000,000		1,060,044
General Mills, Inc.
2.875%, 04/15/2030		400,000		399,060
3.150%, 12/15/2021		500,000		506,388

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
JBS Investments II GmbH 5.750%, 01/15/2028 (E)	$	490,000	$	475,545
Kraft Heinz Foods Company 4.875%, 02/15/2025 (E)		272,000		272,612
Natura Cosmeticos SA 5.375%, 02/01/2023 (E)		410,000		378,229
PepsiCo, Inc. 2.750%, 03/19/2030		500,000		534,294
Post Holdings, Inc. 5.500%, 12/15/2029 (E)		177,000		183,602
Reynolds American, Inc. 4.850%, 09/15/2023		1,000,000		1,040,411
Simmons Foods, Inc. 5.750%, 11/01/2024 (E)		235,000		213,333
Sysco Corp.
5.950%, 04/01/2030		499,000		525,441
6.600%, 04/01/2050		1,000,000		1,086,601
The Coca-Cola Company 4.200%, 03/25/2050		357,000		467,741
				9,312,552
Energy – 4.1%
Aker BP ASA 3.000%, 01/15/2025 (E)		270,000		214,362
Anadarko Petroleum Corp.
4.500%, 07/15/2044 (A)		400,000		159,468
5.550%, 03/15/2026 (A)		800,000		418,524
Antero Resources Corp. 5.000%, 03/01/2025		223,000		82,510
Apache Corp. 5.100%, 09/01/2040		325,000		143,657
Archrock Partners LP 6.000%, 10/01/2022		342,000		342,000
Boardwalk Pipelines LP 3.375%, 02/01/2023		850,000		730,146
BP Capital Markets PLC 2.750%, 05/10/2023 (A)		530,000		524,224
Buckeye Partners LP 3.950%, 12/01/2026		500,000		409,850
Cameron International Corp. 5.950%, 06/01/2041		1,178,000		1,426,096
Cheniere Energy Partners LP 4.500%, 10/01/2029 (E)		526,000		468,140
Cimarex Energy Company 4.375%, 06/01/2024		745,000		587,181
CNOOC Finance 2003, Ltd. 5.500%, 05/21/2033 (E)		545,000		709,181
Colorado Interstate Gas Company LLC 4.150%, 08/15/2026 (E)		170,000		165,382
ConocoPhillips Company 5.950%, 03/15/2046		575,000		685,345
Continental Resources, Inc. 4.900%, 06/01/2044		400,000		173,986
CSI Compressco LP
7.250%, 08/15/2022		425,000		233,750
7.500%, 04/01/2025 (E)		393,000		263,314
DCP Midstream LP (7.375% to 12-15-22, then 3 month LIBOR + 5.148%) 12/15/2022 (A)(F)		541,000		216,400
DCP Midstream Operating LP 5.125%, 05/15/2029		130,000		81,894
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) 05/21/2043 (E)		397,000		190,560
Devon Energy Corp.
5.000%, 06/15/2045		600,000		383,872

 

9

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Devon Energy Corp. (continued)
7.875%, 09/30/2031	$	874,000	$	636,918
Enable Midstream Partners LP
3.900%, 05/15/2024		401,000		222,529
4.950%, 05/15/2028		322,000		160,638
Enbridge Energy Partners LP 7.500%, 04/15/2038		600,000		728,933
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) 07/15/2077		397,000		285,840
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) 03/01/2078		394,000		295,500
Energen Corp. 4.625%, 09/01/2021		500,000		482,677
Energy Transfer Operating LP
4.200%, 04/15/2027		141,000		114,204
4.250%, 03/15/2023		490,000		438,854
5.150%, 03/15/2045		340,000		263,152
5.875%, 01/15/2024		365,000		344,700
5.950%, 10/01/2043		300,000		259,904
Enterprise Products Operating LLC 6.875%, 03/01/2033		471,000		542,670
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) 08/16/2077		701,000		480,185
Hess Corp.
5.600%, 02/15/2041		400,000		273,393
5.800%, 04/01/2047		500,000		328,223
Husky Energy, Inc. 3.950%, 04/15/2022		327,000		296,088
Kinder Morgan Energy Partners LP
5.000%, 10/01/2021		500,000		489,350
7.300%, 08/15/2033		603,000		691,344
7.750%, 03/15/2032		260,000		310,130
Marathon Oil Corp. 6.800%, 03/15/2032		785,000		573,553
MPLX LP
4.000%, 03/15/2028		411,000		365,267
4.250%, 12/01/2027 (E)		156,000		134,958
5.250%, 01/15/2025 (E)		100,000		88,021
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) 02/15/2023 (F)		862,000		525,820
Murphy Oil Corp. 5.750%, 08/15/2025		222,000		118,792
National Oilwell Varco, Inc. 2.600%, 12/01/2022		171,000		154,309
Newfield Exploration Company
5.625%, 07/01/2024		500,000		268,356
5.750%, 01/30/2022		250,000		170,222
Nexen, Inc. 6.400%, 05/15/2037		775,000		1,061,127
Noble Holding International, Ltd. 5.250%, 03/15/2042		500,000		25,000
Occidental Petroleum Corp. 3.400%, 04/15/2026		310,000		148,890
ONEOK Partners LP
4.900%, 03/15/2025		175,000		153,019
6.650%, 10/01/2036		835,000		759,331
PBF Holding Company LLC 6.000%, 02/15/2028 (E)		229,000		154,003
Petrobras Global Finance BV
5.093%, 01/15/2030 (E)		849,000		774,713
6.900%, 03/19/2049		235,000		229,102

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Petroleos Mexicanos 5.350%, 02/12/2028	$	413,000	$	284,970
Plains All American Pipeline LP 4.900%, 02/15/2045		750,000		506,280
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		293,000		251,632
5.000%, 03/15/2027		336,000		285,719
5.875%, 06/30/2026		555,000		528,609
Sinopec Group Overseas Development 2015, Ltd. 3.250%, 04/28/2025 (E)		550,000		576,976
Sunoco Logistics Partners Operations LP
3.450%, 01/15/2023		1,080,000		930,382
3.900%, 07/15/2026		475,000		400,172
5.400%, 10/01/2047		324,000		257,250
Targa Resources Partners LP 5.875%, 04/15/2026		528,000		439,560
Teekay Offshore Partners LP 8.500%, 07/15/2023 (E)		347,000		306,228
Tervita Corp. 7.625%, 12/01/2021 (E)		272,000		190,400
The Williams Companies, Inc.
3.750%, 06/15/2027		437,000		400,648
4.300%, 03/04/2024		700,000		636,049
4.550%, 06/24/2024		843,000		768,180
5.750%, 06/24/2044		149,000		155,765
TransCanada PipeLines, Ltd. 4.250%, 05/15/2028		270,000		275,805
WPX Energy, Inc.
4.500%, 01/15/2030		255,000		138,465
5.250%, 09/15/2024 to 10/15/2027		476,000		269,900
				29,562,547
Financials – 10.7%
Allied Universal Holdco LLC 6.625%, 07/15/2026 (E)		146,000		142,898
Ally Financial, Inc. 5.125%, 09/30/2024		615,000		599,311
Ambac Assurance Corp. 5.100%, 06/07/2020 (E)		131		181
Ambac LSNI LLC (3 month LIBOR + 5.000%) 6.945%, 02/12/2023 (C)(E)		518		492
American International Group, Inc. 3.900%, 04/01/2026		830,000		864,792
American International Group, Inc. (6.250% to 3-15-37, then 3 month LIBOR + 2.056%) 03/15/2037		100,000		80,000
Ameriprise Financial, Inc. 2.875%, 09/15/2026 (A)		500,000		501,719
Ares Capital Corp. 4.200%, 06/10/2024		387,000		343,107
Assurant, Inc. 4.000%, 03/15/2023		1,260,000		1,299,888
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) 06/15/2026 (E)(F)		235,000		230,888
AXA SA 8.600%, 12/15/2030		170,000		226,117
Banco Santander SA 4.379%, 04/12/2028		400,000		409,679
Bank of America Corp.
2.625%, 10/19/2020		1,000,000		1,001,563
3.950%, 04/21/2025		539,000		566,816
4.200%, 08/26/2024		263,000		279,547
4.450%, 03/03/2026		618,000		668,347

 

10

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Bank of America Corp. (3.004% to 12-20-22, then 3 month LIBOR + 0.790%) 12/20/2023	$	1,149,000	$	1,170,473
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		1,087,000		1,122,352
Bank of America Corp. (4.083% to 3-20-50, then 3 month LIBOR + 3.150%) 03/20/2051		500,000		567,586
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) 03/10/2026 (F)		708,000		743,400
Barclays PLC 4.375%, 01/12/2026		300,000		301,595
BPCE SA
4.500%, 03/15/2025 (E)		405,000		401,956
5.700%, 10/22/2023 (E)		340,000		349,081
Brighthouse Financial, Inc. 3.700%, 06/22/2027		630,000		546,662
Cantor Fitzgerald LP 4.875%, 05/01/2024 (E)		520,000		518,645
Capital One Financial Corp.
3.500%, 06/15/2023		1,023,000		1,016,946
3.750%, 07/28/2026 (A)		500,000		472,066
3.900%, 01/29/2024		300,000		300,845
CIT Group, Inc. 5.000%, 08/01/2023		700,000		673,477
Citigroup, Inc.
3.200%, 10/21/2026		618,000		640,084
3.500%, 05/15/2023		1,060,000		1,091,896
4.500%, 01/14/2022		1,000,000		1,040,155
4.600%, 03/09/2026		736,000		791,268
5.500%, 09/13/2025		215,000		238,893
Citigroup, Inc. (4.412% to 3-31-30, then SOFR + 3.914%) 03/31/2031		1,000,000		1,100,276
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) 01/30/2025 (F)		575,000		497,375
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) 08/15/2026 (F)		490,000		504,700
CNO Financial Group, Inc. 5.250%, 05/30/2025 to 05/30/2029		678,000		671,994
Credit Agricole SA
3.250%, 01/14/2030 (E)		623,000		591,727
4.375%, 03/17/2025 (E)		600,000		598,567
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) 01/23/2024 (E)(F)		310,000		297,476
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) 12/11/2023 (E)(F)		185,000		178,063
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) 07/17/2023 (E)(F)		410,000		377,856
Credit Suisse Group Funding Guernsey, Ltd. 4.550%, 04/17/2026		405,000		427,684
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) 11/29/2022 (A)(E)(F)		195,000		148,202
Danske Bank A/S 5.000%, 01/12/2022 (E)		375,000		383,951
Discover Bank 2.450%, 09/12/2024		411,000		393,765

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Discover Financial Services
3.950%, 11/06/2024	$	580,000	$	590,250
4.100%, 02/09/2027		167,000		160,644
Enova International, Inc.
8.500%, 09/01/2024 (A)(E)		77,000		66,990
8.500%, 09/15/2025 (E)		345,000		296,700
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) 06/30/2023 (F)		352,000		285,120
Freedom Mortgage Corp.
8.125%, 11/15/2024 (E)		322,000		259,400
8.250%, 04/15/2025 (E)		140,000		109,900
GE Capital International Funding Company Unlimited Company 4.418%, 11/15/2035		677,000		731,411
Gogo Intermediate Holdings LLC 9.875%, 05/01/2024 (E)		248,000		195,920
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) 05/18/2024		680,000		696,736
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year ICE Swap Rate + 5.514%) 06/01/2021 (F)		395,000		388,088
ING Groep NV 3.550%, 04/09/2024		357,000		358,776
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) 04/16/2025 (F)		135,000		112,482
Invesco Finance PLC 3.125%, 11/30/2022 (A)		850,000		848,906
Jefferies Financial Group, Inc. 5.500%, 10/18/2023 (A)		1,330,000		1,342,151
Jefferies Group LLC
4.150%, 01/23/2030		420,000		402,101
4.850%, 01/15/2027		450,000		445,812
JPMorgan Chase & Co.
2.950%, 10/01/2026		660,000		682,047
3.375%, 05/01/2023		1,250,000		1,304,408
4.125%, 12/15/2026		600,000		655,912
4.500%, 01/24/2022		1,300,000		1,357,598
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		539,000		582,126
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) 02/01/2025 (F)		503,000		440,226
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) 02/01/2024 (F)		560,000		585,200
Ladder Capital Finance Holdings LLLP 5.250%, 03/15/2022 to 10/01/2025 (E)		200,000		169,253
Lazard Group LLC 4.375%, 03/11/2029		295,000		298,484
Legg Mason, Inc.
3.950%, 07/15/2024 (A)		660,000		654,984
4.750%, 03/15/2026		825,000		826,575
Liberty Mutual Group, Inc.
3.951%, 10/15/2050 (E)		486,000		451,162
4.250%, 06/15/2023 (E)		1,000,000		1,018,019
Lloyds Banking Group PLC 4.450%, 05/08/2025		935,000		1,001,423
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) 06/27/2024 (F)		345,000		296,252

 

11

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Loews Corp.
2.625%, 05/15/2023	$	630,000	$	629,559
3.750%, 04/01/2026		825,000		856,317
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) 11/01/2026 (F)		250,000		240,000
Macquarie Bank, Ltd. 4.875%, 06/10/2025 (E)		420,000		441,810
Markel Corp. 5.000%, 03/30/2043		1,270,000		1,366,010
MetLife, Inc. 3.000%, 03/01/2025		300,000		295,356
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) 12/15/2036		402,000		419,529
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) 04/08/2038 (E)		120,000		150,000
MGIC Investment Corp. 5.750%, 08/15/2023		161,000		149,057
Morgan Stanley
3.875%, 01/27/2026		361,000		389,592
4.100%, 05/22/2023		900,000		932,104
Morgan Stanley (3 month LIBOR + 3.610%) 5.441%, 07/15/2020 (C)(F)		200,000		168,500
Morgan Stanley (3.622% to 4-1-30, then SOFR + 3.120%) 04/01/2031		1,000,000		1,040,739
Nationstar Mortgage Holdings, Inc.
6.000%, 01/15/2027 (E)		99,000		84,150
8.125%, 07/15/2023 (E)		217,000		212,183
9.125%, 07/15/2026 (E)		174,000		157,470
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) 04/26/2023 (E)		359,000		356,899
Nationwide Mutual Insurance Company (3 month LIBOR + 2.290%) 3.031%, 12/15/2024 (C)(E)		1,130,000		1,128,489
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year ICE Swap Rate + 3.650%) 10/16/2044 (E)		355,000		369,200
Power Finance Corp., Ltd. 3.950%, 04/23/2030 (A)(E)		1,000,000		840,485
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) 09/15/2042		795,000		771,150
Quicken Loans, Inc. 5.750%, 05/01/2025 (E)		345,000		343,275
Radian Group, Inc. 4.500%, 10/01/2024		190,000		187,150
Raymond James Financial, Inc.
3.625%, 09/15/2026		500,000		505,292
4.650%, 04/01/2030		161,000		168,384
4.950%, 07/15/2046		500,000		575,919
Refinitiv US Holdings, Inc.
6.250%, 05/15/2026 (E)		57,000		58,853
8.250%, 11/15/2026 (E)		92,000		97,060
Santander Holdings USA, Inc.
3.244%, 10/05/2026		786,000		701,807
3.400%, 01/18/2023		360,000		355,649
3.500%, 06/07/2024		745,000		727,261
4.400%, 07/13/2027		203,000		199,670
Santander UK Group Holdings PLC 4.750%, 09/15/2025 (A)(E)		280,000		275,168

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) 09/13/2021 (E)(F)	$	375,000	$	344,869
Sompo International Holdings, Ltd. 4.700%, 10/15/2022		1,080,000		1,128,675
Springleaf Finance Corp. 6.875%, 03/15/2025		140,000		140,997
State Street Corp. (2.901% to 3-30-25, then SOFR + 2.700%) 03/30/2026 (E)		1,000,000		1,023,809
Stearns Holdings LLC 5.000%, 11/05/2024 (E)		1,209		792
Stifel Financial Corp. 4.250%, 07/18/2024		1,596,000		1,623,734
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (E)		441,000		423,918
The Charles Schwab Corp. (7.000% to 2-1-22, then 3 month LIBOR + 4.820%) 02/01/2022 (A)(F)		1,000,000		1,040,000
The Goldman Sachs Group, Inc.
3.500%, 04/01/2025		500,000		507,021
3.625%, 01/22/2023		1,200,000		1,238,786
3.850%, 01/26/2027		962,000		989,886
The Hartford Financial Services Group, Inc. 6.625%, 03/30/2040		500,000		676,177
The PNC Financial Services Group, Inc.
2.200%, 11/01/2024		629,000		651,583
3.150%, 05/19/2027		97,000		101,615
3.500%, 01/23/2024		234,000		242,705
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) 06/01/2023 (F)		315,000		267,750
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) 08/01/2021 (F)		595,000		561,906
The Royal Bank of Scotland Group PLC 3.875%, 09/12/2023		915,000		924,275
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 (F)		740,000		721,500
The Toronto-Dominion Bank 3.250%, 03/11/2024		479,000		500,594
Trident TPI Holdings, Inc. 6.625%, 11/01/2025 (E)		115,000		92,289
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) 01/31/2024 (E)(F)		323,000		303,620
Voya Financial, Inc. 4.800%, 06/15/2046		700,000		739,309
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) 05/15/2053		565,000		517,828
Wells Fargo & Company 3.450%, 02/13/2023 (A)		900,000		925,339
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) 06/15/2025 (F)		1,088,000		1,104,320
Willis Towers Watson PLC 5.750%, 03/15/2021		1,350,000		1,383,368
				76,360,169
Health care – 2.8%
Abbott Laboratories 3.750%, 11/30/2026		680,000		759,120

 

12

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
AbbVie, Inc.
3.200%, 11/21/2029 (E)	$	1,651,000	$	1,684,307
4.250%, 11/21/2049 (E)		269,000		290,162
Agilent Technologies, Inc. 3.875%, 07/15/2023		670,000		691,129
Bausch Health Companies, Inc.
5.250%, 01/30/2030 (E)		159,000		148,665
6.125%, 04/15/2025 (E)		425,000		418,625
Baxter International, Inc.
3.500%, 08/15/2046		500,000		460,567
3.950%, 04/01/2030 (E)		74,000		80,015
Bristol-Myers Squibb Company
2.900%, 07/26/2024 (E)		888,000		941,089
3.250%, 02/20/2023 (E)		341,000		357,996
Catalent Pharma Solutions, Inc. 5.000%, 07/15/2027 (E)		81,000		78,570
Centene Corp.
3.375%, 02/15/2030 (E)		152,000		141,360
4.250%, 12/15/2027 (E)		117,000		117,222
4.625%, 12/15/2029 (E)		122,000		122,610
5.375%, 06/01/2026 (E)		1,035,000		1,066,164
Charles River Laboratories International, Inc. 4.250%, 05/01/2028 (E)		81,000		78,076
CVS Health Corp.
3.000%, 08/15/2026		108,000		107,580
3.750%, 04/01/2030		398,000		411,806
4.300%, 03/25/2028		484,000		514,010
5.050%, 03/25/2048		516,000		585,973
CVS Pass-Through Trust 8.353%, 07/10/2031 (E)		955,937		1,148,102
DaVita, Inc. 5.000%, 05/01/2025		480,000		479,371
Encompass Health Corp. 4.500%, 02/01/2028		62,000		60,807
GlaxoSmithKline Capital PLC 3.000%, 06/01/2024		502,000		523,463
HCA, Inc.
4.125%, 06/15/2029		186,000		187,329
5.250%, 04/15/2025 to 06/15/2026		738,000		774,135
5.375%, 02/01/2025		800,000		813,992
Humana, Inc. 3.125%, 08/15/2029		500,000		472,622
MEDNAX, Inc.
5.250%, 12/01/2023 (E)		290,000		236,350
6.250%, 01/15/2027 (E)		292,000		234,330
Mylan NV
3.950%, 06/15/2026		800,000		798,980
5.250%, 06/15/2046		250,000		238,840
Pfizer, Inc. 2.625%, 04/01/2030		500,000		524,671
Rede D'or Finance Sarl 4.500%, 01/22/2030 (E)		323,000		280,203
Select Medical Corp. 6.250%, 08/15/2026 (E)		299,000		299,000
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/2026		1,015,000		1,038,067
Stanford Health Care 3.310%, 08/15/2030		225,000		238,335
Team Health Holdings, Inc. 6.375%, 02/01/2025 (A)(E)		89,000		31,150
Teva Pharmaceutical Finance Company LLC 6.150%, 02/01/2036		49,000		43,336

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
UnitedHealth Group, Inc. 5.800%, 03/15/2036	$	540,000	$	704,002
Universal Health Services, Inc.
4.750%, 08/01/2022 (E)		310,000		308,258
5.000%, 06/01/2026 (E)		288,000		287,280
Zimmer Biomet Holdings, Inc.
3.050%, 01/15/2026		500,000		491,379
3.550%, 04/01/2025		550,000		553,698
				19,822,746
Industrials – 4.4%
3M Company
3.050%, 04/15/2030		500,000		523,639
3.250%, 02/14/2024		485,000		513,405
AECOM 5.125%, 03/15/2027		475,000		427,500
AerCap Ireland Capital DAC 2.875%, 08/14/2024		503,000		405,539
Ahern Rentals, Inc. 7.375%, 05/15/2023 (E)		427,000		243,390
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 05/15/2025 (E)		199,874		191,671
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 01/15/2026 (E)		298,611		277,452
Air Lease Corp.
3.000%, 09/15/2023		400,000		322,406
3.625%, 12/01/2027		215,000		179,123
Aircastle, Ltd. 5.500%, 02/15/2022		299,000		272,206
American Airlines 2001-1 Pass Through Trust 6.977%, 05/23/2021		72,849		72,367
American Airlines 2013-2 Class A Pass Through Trust 4.950%, 01/15/2023		376,981		327,962
American Airlines 2015-1 Class A Pass Through Trust 3.375%, 05/01/2027		405,084		342,792
American Airlines 2015-1 Class B Pass Through Trust 3.700%, 05/01/2023		168,587		157,890
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028 (A)		464,876		446,607
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		161,975		145,790
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		319,688		296,368
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		183,763		167,797
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032		216,613		180,872
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032		329,842		290,532
American Airlines Group, Inc. 3.750%, 03/01/2025 (A)(E)		500,000		350,000
APX Group, Inc. 7.625%, 09/01/2023 (A)		370,000		285,829

 

13

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Ashtead Capital, Inc. 4.375%, 08/15/2027 (E)	$	285,000	$	263,625
Avolon Holdings Funding, Ltd. 5.125%, 10/01/2023 (E)		295,000		254,764
Azul Investments LLP 5.875%, 10/26/2024 (E)		250,000		137,503
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (E)		245,536		243,612
British Airways 2013-1 Class B Pass Through Trust 5.625%, 06/20/2020 (E)		12,922		12,879
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (E)		184,465		160,895
Builders FirstSource, Inc. 5.000%, 03/01/2030 (E)		46,000		41,400
Carrier Global Corp.
2.242%, 02/15/2025 (E)		529,000		516,606
2.722%, 02/15/2030 (E)		423,000		389,199
Clean Harbors, Inc. 4.875%, 07/15/2027 (E)		65,000		63,629
Continental Airlines 2007-1 Class A Pass Through Trust 5.983%, 04/19/2022		139,150		138,296
Continental Airlines 2012-1 Class B Pass Through Trust 6.250%, 04/11/2020		58,005		57,972
CSX Corp. 3.800%, 04/15/2050		1,000,000		1,050,401
Delta Air Lines 2002-1 Class G-1 Pass Through Trust 6.718%, 01/02/2023		115,887		115,538
Delta Air Lines, Inc.
2.900%, 10/28/2024		662,000		529,857
3.800%, 04/19/2023		411,000		386,239
4.375%, 04/19/2028		445,000		357,173
Empresa de Transporte de Pasajeros Metro SA 4.750%, 02/04/2024 (E)		340,000		340,447
Fortive Corp. 3.150%, 06/15/2026		700,000		701,461
GATX Corp. 3.850%, 03/30/2027		800,000		825,747
General Electric Company
2.700%, 10/09/2022		1,100,000		1,081,947
5.550%, 01/05/2026		594,000		641,734
H&E Equipment Services, Inc. 5.625%, 09/01/2025		175,000		162,313
Harsco Corp. 5.750%, 07/31/2027 (E)		110,000		101,787
Howmet Aerospace, Inc. 5.125%, 10/01/2024		342,000		337,725
Huntington Ingalls Industries, Inc.
3.844%, 05/01/2025 (E)		557,000		573,513
4.200%, 05/01/2030 (E)		1,268,000		1,312,794
5.000%, 11/15/2025 (E)		395,000		407,455
IHS Markit, Ltd.
4.000%, 03/01/2026 (E)		363,000		360,677
4.750%, 02/15/2025 (E)		175,000		183,934
4.750%, 08/01/2028		213,000		222,917
JB Hunt Transport Services, Inc. 3.850%, 03/15/2024		700,000		721,427

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032	$	369,000	$	322,703
Kansas City Southern 2.875%, 11/15/2029		500,000		480,186
Kratos Defense & Security Solutions, Inc. 6.500%, 11/30/2025 (E)		270,000		247,050
Lennox International, Inc. 3.000%, 11/15/2023		800,000		790,852
LSC Communications, Inc. 8.750%, 10/15/2023 (E)		420,000		46,200
Masco Corp. 4.375%, 04/01/2026		400,000		395,722
Otis Worldwide Corp. 2.056%, 04/05/2025 (E)		412,000		402,738
Owens Corning 3.950%, 08/15/2029 (A)		366,000		345,870
Prime Security Services Borrower LLC 6.250%, 01/15/2028 (E)		218,000		188,025
The Boeing Company 3.200%, 03/01/2029		692,000		639,064
TransDigm, Inc. 5.500%, 11/15/2027 (E)		705,000		632,738
TTX Company 4.200%, 07/01/2046 (E)		700,000		780,521
Tutor Perini Corp. 6.875%, 05/01/2025 (A)(E)		115,000		95,450
Tyco Electronics Group SA 4.875%, 01/15/2021		500,000		509,575
Uber Technologies, Inc. 7.500%, 11/01/2023 to 09/15/2027 (E)		987,000		966,421
Union Pacific Corp. 4.163%, 07/15/2022		1,137,000		1,168,883
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 09/03/2026		448,983		435,664
United Airlines 2014-2 Class B Pass Through Trust 4.625%, 09/03/2022		165,550		152,549
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028		352,444		324,004
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		517,940		409,113
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		140,256		122,377
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031		302,416		303,033
United Parcel Service, Inc. 3.900%, 04/01/2025		363,000		393,342
United Rentals North America, Inc.
3.875%, 11/15/2027		227,000		214,515
4.625%, 10/15/2025		700,000		661,493
4.875%, 01/15/2028		375,000		363,750
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		85,737		86,182
Verisk Analytics, Inc. 4.125%, 03/15/2029		400,000		422,247

 

14

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
XPO Logistics, Inc. 6.500%, 06/15/2022 (E)	$	254,000	$	254,635
				31,271,505
Information technology – 3.3%
Autodesk, Inc. 2.850%, 01/15/2030		204,000		199,804
Banff Merger Sub, Inc. 9.750%, 09/01/2026 (E)		290,000		255,200
Broadcom Corp.
3.125%, 01/15/2025		310,000		297,196
3.875%, 01/15/2027		1,819,000		1,733,992
Broadcom, Inc. 4.750%, 04/15/2029 (E)		552,000		560,660
Citrix Systems, Inc. 3.300%, 03/01/2030		513,000		477,222
CommScope, Inc. 8.250%, 03/01/2027 (E)		436,000		420,260
Dell International LLC
4.900%, 10/01/2026 (E)		597,000		594,681
5.300%, 10/01/2029 (E)		1,309,000		1,273,240
8.350%, 07/15/2046 (E)		613,000		720,290
Fiserv, Inc. 3.850%, 06/01/2025 (A)		614,000		649,578
Jabil, Inc. 3.600%, 01/15/2030		180,000		160,097
KLA Corp. 4.100%, 03/15/2029		340,000		370,501
Lam Research Corp.
3.750%, 03/15/2026		370,000		392,552
4.875%, 03/15/2049		359,000		465,954
Marvell Technology Group, Ltd. 4.875%, 06/22/2028		465,000		481,769
Microchip Technology, Inc. 4.333%, 06/01/2023		980,000		976,929
Micron Technology, Inc.
4.185%, 02/15/2027		970,000		981,656
4.663%, 02/15/2030		1,000,000		1,045,273
4.975%, 02/06/2026		225,000		235,864
5.327%, 02/06/2029		1,658,000		1,817,416
Microsoft Corp. 4.450%, 11/03/2045		405,000		532,514
Motorola Solutions, Inc. 4.600%, 02/23/2028		659,000		672,180
NVIDIA Corp. 2.850%, 04/01/2030		422,000		438,602
NXP BV
3.875%, 06/18/2026 (E)		325,000		316,100
4.625%, 06/01/2023 (E)		710,000		730,725
4.875%, 03/01/2024 (E)		354,000		377,959
Oracle Corp. 2.950%, 04/01/2030		1,150,000		1,156,903
PayPal Holdings, Inc. 2.850%, 10/01/2029		1,818,000		1,804,459
PTC, Inc. 4.000%, 02/15/2028 (E)		76,000		72,983
Qorvo, Inc. 5.500%, 07/15/2026		150,000		156,788
QUALCOMM, Inc. 3.450%, 05/20/2025		500,000		534,685
Seagate HDD Cayman 4.750%, 01/01/2025 (A)		475,000		472,409
Tech Data Corp. 3.700%, 02/15/2022		233,000		230,638
Telefonaktiebolaget LM Ericsson 4.125%, 05/15/2022		575,000		569,272

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Tempo Acquisition LLC 6.750%, 06/01/2025 (E)	$	136,000	$	124,448
VeriSign, Inc.
4.750%, 07/15/2027		195,000		202,098
5.250%, 04/01/2025		205,000		209,613
Visa, Inc.
2.050%, 04/15/2030		400,000		399,420
2.700%, 04/15/2040		221,000		219,373
				23,331,303
Materials – 1.0%
Anglo American Capital PLC
4.125%, 09/27/2022 (E)		400,000		394,298
4.750%, 04/10/2027 (E)		215,000		210,056
Arconic Corp. 6.125%, 02/15/2028 (E)		53,000		54,193
Ardagh Packaging Finance PLC 6.000%, 02/15/2025 (E)		190,000		190,532
Bemis Company, Inc. 3.100%, 09/15/2026		500,000		473,770
Cemex SAB de CV 6.125%, 05/05/2025 (E)		335,000		297,309
CF Industries, Inc. 4.950%, 06/01/2043		175,000		166,198
Commercial Metals Company 5.375%, 07/15/2027		122,000		112,240
Cydsa SAB de CV 6.250%, 10/04/2027 (E)		350,000		259,000
Eastman Chemical Company 4.500%, 01/15/2021		68,000		67,315
First Quantum Minerals, Ltd.
6.875%, 03/01/2026 (E)		175,000		140,438
7.500%, 04/01/2025 (E)		226,000		188,075
Freeport-McMoRan, Inc. 5.450%, 03/15/2043		500,000		447,500
Huntsman International LLC 4.500%, 05/01/2029		500,000		426,267
Methanex Corp.
4.250%, 12/01/2024		293,000		225,369
5.250%, 12/15/2029		387,000		290,057
5.650%, 12/01/2044		450,000		272,466
Newmont Corp. 2.800%, 10/01/2029		223,000		212,476
Norbord, Inc. 6.250%, 04/15/2023 (E)		120,000		115,800
Orbia Advance Corp. SAB de CV 5.500%, 01/15/2048 (E)		380,000		329,464
Syngenta Finance NV
4.441%, 04/24/2023 (E)		535,000		503,953
5.676%, 04/24/2048 (E)		145,000		116,548
The Mosaic Company 4.250%, 11/15/2023		600,000		568,345
The Sherwin-Williams Company 4.200%, 01/15/2022		1,000,000		1,020,875
				7,082,544
Real estate – 2.2%
American Homes 4 Rent LP 4.250%, 02/15/2028		415,000		411,623
American Tower Corp.
2.400%, 03/15/2025		312,000		307,427
2.950%, 01/15/2025		341,000		340,596
3.550%, 07/15/2027		662,000		663,449
3.800%, 08/15/2029		280,000		285,814
5.000%, 02/15/2024		670,000		709,251

 

15

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Columbia Property Trust Operating Partnership LP 4.150%, 04/01/2025	$	600,000	$	621,173
Crown Castle International Corp.
3.300%, 07/01/2030		532,000		527,632
3.700%, 06/15/2026		500,000		506,206
4.150%, 07/01/2050		508,000		502,412
CyrusOne LP 3.450%, 11/15/2029		375,000		331,016
Equinix, Inc.
2.900%, 11/18/2026		1,000,000		915,816
3.200%, 11/18/2029		551,000		510,232
5.375%, 05/15/2027		275,000		274,390
ERP Operating LP 3.375%, 06/01/2025		300,000		310,716
Essex Portfolio LP 3.625%, 05/01/2027		500,000		507,993
GLP Capital LP 5.375%, 04/15/2026		292,000		258,829
Healthcare Trust of America Holdings LP 3.500%, 08/01/2026		500,000		494,478
Healthpeak Properties, Inc. 3.875%, 08/15/2024		800,000		815,402
Mid-America Apartments LP 3.950%, 03/15/2029		700,000		713,975
National Retail Properties, Inc. 3.300%, 04/15/2023		660,000		665,307
Piedmont Operating Partnership LP 4.450%, 03/15/2024		500,000		506,946
SBA Communications Corp.
3.875%, 02/15/2027 (E)		175,000		175,438
4.875%, 09/01/2024		700,000		709,625
SBA Tower Trust
2.836%, 01/15/2025 (E)		477,000		460,734
3.722%, 04/11/2023 (E)		543,000		543,409
SL Green Operating Partnership LP 3.250%, 10/15/2022		500,000		497,493
The GEO Group, Inc. 6.000%, 04/15/2026		96,000		62,340
Ventas Realty LP
3.500%, 02/01/2025		343,000		336,923
4.750%, 11/15/2030		1,000,000		982,204
VICI Properties LP 4.625%, 12/01/2029 (E)		55,000		50,050
Weingarten Realty Investors 3.375%, 10/15/2022		1,050,000		1,076,550
				16,075,449
Utilities – 1.8%
ABY Transmision Sur SA 6.875%, 04/30/2043 (E)		215,490		276,637
Ameren Corp. 3.500%, 01/15/2031		1,000,000		997,630
AmeriGas Partners LP 5.500%, 05/20/2025		275,000		253,000
Arizona Public Service Company 5.500%, 09/01/2035		1,118,000		1,257,704
CenterPoint Energy Houston Electric LLC 6.950%, 03/15/2033		535,000		765,632
Consolidated Edison Company of New York, Inc.
3.350%, 04/01/2030		500,000		515,723
3.950%, 04/01/2050		500,000		520,674

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Dominion Energy, Inc.
3.375%, 04/01/2030	$	727,000	$	719,694
3.600%, 03/15/2027		500,000		509,967
Edison International 3.550%, 11/15/2024		700,000		695,319
Emera US Finance LP 3.550%, 06/15/2026		248,000		236,533
Empresa Electrica Angamos SA 4.875%, 05/25/2029 (E)		165,200		157,766
FirstEnergy Corp. 2.650%, 03/01/2030		254,000		239,404
Greenko Dutch BV
4.875%, 07/24/2022 (E)		215,000		188,924
5.250%, 07/24/2024 (E)		145,000		115,623
Instituto Costarricense de Electricidad 6.375%, 05/15/2043 (E)		210,000		128,102
Israel Electric Corp., Ltd. 6.875%, 06/21/2023 (E)		170,000		186,596
NextEra Energy Capital Holdings, Inc. 3.550%, 05/01/2027		677,000		698,783
NextEra Energy Operating Partners LP
3.875%, 10/15/2026 (E)		323,000		306,850
4.500%, 09/15/2027 (E)		245,000		238,875
NRG Energy, Inc. 3.750%, 06/15/2024 (E)		270,000		267,264
Oncor Electric Delivery Company LLC 4.100%, 06/01/2022		750,000		764,023
PPL Capital Funding, Inc. 3.400%, 06/01/2023		1,160,000		1,191,228
Southern California Edison Company 3.700%, 08/01/2025		1,000,000		1,029,375
Vistra Operations Company LLC
3.700%, 01/30/2027 (E)		554,000		493,569
4.300%, 07/15/2029 (E)		520,000		461,509
				13,216,404
TOTAL CORPORATE BONDS (Cost $290,529,948)			$	284,414,413
CAPITAL PREFERRED SECURITIES – 0.2%
Financials – 0.2%
Truist Bank (Greater of 3 month LIBOR + 0.645% or 4.000%) 4.000%, 12/15/2024 (C)(F)		425,000		340,000
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) 3.500%, 05/04/2020 (C)(F)		1,045,000		778,525
				1,118,525
TOTAL CAPITAL PREFERRED SECURITIES (Cost $1,388,147)			$	1,118,525
MUNICIPAL BONDS – 0.5%
Buckeye Tobacco Settlement Financing Authority (Ohio) 5.000%, 06/01/2055		400,000		354,408
Foothill-Eastern Transportation Corridor Agency (California) 4.094%, 01/15/2049		1,000,000		1,012,670
New Jersey Transportation Trust Fund Authority
4.081%, 06/15/2039		393,000		380,868
4.131%, 06/15/2042		40,000		38,730
Sales Tax Securitization Corp. (Illinois) 4.637%, 01/01/2040		465,000		552,122

 

16

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
The School District of Philadelphia (Pennsylvania)
5.995%, 09/01/2030	$	315,000	$	403,014
6.765%, 06/01/2040		1,010,000		1,193,275
TOTAL MUNICIPAL BONDS (Cost $3,938,674)			$	3,935,087
TERM LOANS (I) – 0.0%
Financials – 0.0%
LSF9 Atlantis Holdings LLC, 2017 Term Loan (1 month LIBOR + 6.000%) 7.000%, 05/01/2023		195,563		156,548
TOTAL TERM LOANS (Cost $194,397)			$	156,548
COLLATERALIZED MORTGAGE OBLIGATIONS – 8.5%
Commercial and residential – 6.4%
Americold LLC
Series 2010-ARTA, Class C, 6.811%, 01/14/2029 (E)		1,350,000		1,349,338
Series 2010-ARTA, Class D, 7.443%, 01/14/2029 (E)		1,789,000		1,791,222
AOA Mortgage Trust Series 2015-1177, Class C 3.010%, 12/13/2029 (E)(J)		120,000		118,805
Arroyo Mortgage Trust
Series 2018-1, Class A1, 3.763%, 04/25/2048 (E)(J)		516,483		502,714
Series 2019-2, Class A1, 3.347%, 04/25/2049 (E)(J)		464,609		441,476
Series 2019-3, Class A1, 2.962%, 10/25/2048 (E)(J)		284,449		266,642
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM 3.843%, 11/05/2032 (E)(J)		231,000		183,499
BAMLL Re-REMIC Trust Series 2014-FRR4, Class BK23 8.001%, 09/27/2022 (E)(K)		500,000		411,600
BANK Series 2019-BN20, Class ASB 2.933%, 09/15/2062		400,000		412,993
Barclays Commercial Mortgage Trust Series 2019-C5, Class A2 3.043%, 11/15/2052		312,000		321,351
Bayview Commercial Asset Trust
Series 2005-1A, Class A2 (1 month LIBOR + 0.525%), 1.472%, 04/25/2035 (C)(E)		265,368		199,035
Series 2005-4A, Class A2 (1 month LIBOR + 0.390%), 1.337%, 01/25/2036 (C)(E)		153,339		135,686
Series 2006-2A, Class A2 (1 month LIBOR + 0.280%), 1.227%, 07/25/2036 (C)(E)		230,570		202,149
BBCMS Mortgage Trust Series 2018-TALL, Class E (1 month LIBOR + 2.437%) 3.142%, 03/15/2037 (C)(E)		223,000		178,464
BBCMS Trust
Series 2015-MSQ, Class D, 3.990%, 09/15/2032 (E)(J)		140,000		131,357
Series 2015-SRCH, Class D, 4.957%, 08/10/2035 (E)(J)		329,000		284,428
Series 2020-C6, Class A2, 2.690%, 02/15/2053		206,000		211,736

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Bear Stearns Asset Backed Securities Trust Series 2003-AC4, Class A 5.500%, 09/25/2033	$	446,640	$	423,495
Benchmark Mortgage Trust
Series 2019-B10, Class A2, 3.614%, 03/15/2062		410,000		429,954
Series 2019-B11, Class A2, 3.410%, 05/15/2052		315,000		328,655
Series 2019-B12, Class A2, 3.001%, 08/15/2052		410,000		421,580
Series 2019-B13, Class A2, 2.889%, 08/15/2057		418,000		427,976
Series 2019-B14, Class A2, 2.915%, 12/15/2062		426,000		437,048
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 2.666%, 07/25/2059 (E)(J)		213,801		209,864
BWAY Mortgage Trust Series 2015-1740, Class XA IO 0.896%, 01/10/2035 (E)		3,705,000		58,997
BX Commercial Mortgage Trust Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) 2.026%, 03/15/2037 (C)(E)		260,000		218,352
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) 2.455%, 12/15/2037 (C)(E)		121,000		110,630
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		1,800,000		1,924,835
CGDBB Commercial Mortgage Trust Series 2017-BIOC, Class E (1 month LIBOR + 2.150%) 2.855%, 07/15/2032 (C)(E)		232,040		194,391
CHL Mortgage Pass Through Trust Series 2004-HYB2, Class 4A 4.958%, 07/20/2034 (J)		517,640		447,208
CHT Mortgage Trust Series 2017-CSMO, Class D (1 month LIBOR + 2.250%) 2.955%, 11/15/2036 (C)(E)		358,000		320,176
Citigroup Commercial Mortgage Trust
Series 2018-C5, Class A3, 3.963%, 06/10/2051		600,000		656,187
Series 2018-C5, Class XA IO, 0.599%, 06/10/2051		9,951,260		407,769
Series 2019-PRM, Class A, 3.341%, 05/10/2036 (E)		170,000		160,008
Series 2019-SMRT, Class A, 4.149%, 01/10/2036 (E)		158,000		160,744
COLT Mortgage Loan Trust
Series 2019-2, Class A1, 3.337%, 05/25/2049 (E)(J)		188,276		184,214
Series 2020-1, Class A1, 2.488%, 02/25/2050 (E)(J)		222,275		214,987
Commercial Mortgage Trust (Bank of America Merrill Lynch/Deutsche Bank AG) Series 2013-WWP, Class A2 3.424%, 03/10/2031 (E)		1,400,000		1,441,943

 

17

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR2, Class XA IO, 1.632%, 08/15/2045	$	9,305,312	$	283,440
Series 2012-CR3, Class XA IO, 1.856%, 10/15/2045		9,214,056		335,956
Series 2013-CR8, Class AM, 3.816%, 06/10/2046 (E)(J)		1,000,000		1,009,640
Series 2014-CR15, Class C, 4.746%, 02/10/2047 (J)		800,000		728,312
Series 2014-CR15, Class XA IO, 0.939%, 02/10/2047		9,129,499		254,095
Series 2014-CR16, Class C, 4.928%, 04/10/2047 (J)		400,000		360,047
Series 2014-CR20, Class A3, 3.326%, 11/10/2047		730,000		759,507
Series 2015-CR27, Class A4, 3.612%, 10/10/2048		1,000,000		1,067,402
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO 0.445%, 05/10/2051		5,041,977		154,149
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2012-LC4, Class B, 4.934%, 12/10/2044 (J)		108,000		108,418
Series 2012-LC4, Class XA IO, 2.101%, 12/10/2044 (E)		4,059,380		112,958
Series 2013-300P, Class D, 4.394%, 08/10/2030 (E)(J)		377,000		368,813
Series 2013-300P, Class E, 4.394%, 08/10/2030 (E)(J)		700,000		598,137
Series 2013-LC13, Class B, 5.009%, 08/10/2046 (E)(J)		114,000		116,144
Series 2014-LC15, Class C, 4.984%, 04/10/2047 (J)		400,000		361,567
Series 2017-PANW, Class A, 3.244%, 10/10/2029 (E)		159,000		156,672
Series 2020-CBM, Class A2, 2.896%, 02/10/2037 (E)		124,000		109,642
Commercial Mortgage Trust (Deutsche Bank AG/UBS AG) Series 2014-UBS2, Class XA IO 1.170%, 03/10/2047		4,239,192		151,440
Credit Suisse First Boston Mortgage Securities Corp. Series 2005-C1, Class AX IO 0.992%, 02/15/2038 (E)		137,761		1
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%), 2.305%, 05/15/2036 (C)(E)		460,000		409,325
Series 2019-NQM1, Class A1, 2.656%, 10/25/2059 (E)		585,009		563,103
CSMC Trust
Series 2019-AFC1, Class A1, 2.573%, 07/25/2049 (E)		493,369		471,899
Series 2020-AFC1, Class A1, 2.240%, 02/25/2050 (E)(J)		306,569		270,684

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
DSLA Mortgage Loan Trust Series 2004-AR3, Class 2A2B (1 month LIBOR + 0.900%) 1.650%, 07/19/2044 (C)	$	532,707	$	435,288
FREMF Mortgage Trust
Series 2011-K10, Class B, 4.622%, 11/25/2049 (E)(J)		1,000,000		999,904
Series 2011-K11, Class B, 4.418%, 12/25/2048 (E)(J)		875,000		875,080
Series 2017-K67, Class B, 3.944%, 09/25/2049 (E)(J)		445,000		424,311
GCAT LLC Series 2019-NQM1, Class A1 2.985%, 02/25/2059 (E)		511,787		524,071
GCAT Trust Series 2020-NQM1, Class A1 2.247%, 01/25/2060 (E)		496,103		472,154
GE Commercial Mortgage Corp. Trust Series 2007-C1, Class AM 5.606%, 12/10/2049 (J)		100,462		83,334
Greenwich Capital Commercial Funding Corp. Series 2006-GG7, Class AM 5.513%, 07/10/2038 (J)		115,014		114,266
GS Mortgage Securities Trust
Series 2005-GG4, Class XC IO, 1.378%, 07/10/2039 (E)		356,737		405
Series 2013-GC10, Class C, 4.285%, 02/10/2046 (E)(J)		859,800		782,661
Series 2015-590M, Class C, 3.805%, 10/10/2035 (E)(J)		150,000		133,459
Series 2015-GC30, Class A3, 3.119%, 05/10/2050		425,000		431,145
Series 2015-GC34, Class A4, 3.506%, 10/10/2048		205,000		216,641
Series 2016-RENT, Class D, 4.067%, 02/10/2029 (E)(J)		249,000		242,979
Series 2017-485L, Class C, 3.982%, 02/10/2037 (E)(J)		155,000		110,005
Series 2019-GC39, Class A2, 3.457%, 05/10/2052		474,000		493,733
Series 2019-GC40, Class A2, 2.971%, 07/10/2052		380,000		389,316
Series 2020-UPTN, Class A, 2.751%, 02/10/2037 (E)		256,000		245,220
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (E)		12,864,628		160,843
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		13,208,344		155,240
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (E)		11,928,362		194,164
Hilton Orlando Trust
Series 2018-ORL, Class B (1 month LIBOR + 1.050%), 1.755%, 12/15/2034 (C)(E)		1,000,000		822,377
Series 2018-ORL, Class D (1 month LIBOR + 1.700%), 2.405%, 12/15/2034 (C)(E)		145,000		112,083
Hudsons Bay Simon JV Trust Series 2015-HBFL, Class DFL (1 month LIBOR + 3.900%) 5.568%, 08/05/2034 (C)(E)		100,000		86,943

 

18

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
IMT Trust
Series 2017-APTS, Class AFX, 3.478%, 06/15/2034 (E)	$	172,000	$	169,338
Series 2017-APTS, Class CFX, 3.497%, 06/15/2034 (E)(J)		123,000		111,562
Irvine Core Office Trust
Series 2013-IRV, Class A2, 3.173%, 05/15/2048 (E)(J)		325,000		325,460
Series 2013-IRV, Class XA IO, 1.105%, 05/15/2048 (E)		7,923,145		134,174
JPMBB Commercial Mortgage Securities Trust
Series 2013-C14, Class XA IO, 0.570%, 08/15/2046		6,249,477		93,793
Series 2015-C31, Class A3, 3.801%, 08/15/2048		225,000		240,180
Series 2016-C1, Class A4, 3.311%, 03/15/2049		155,000		162,142
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2006-LDP8, Class X IO, 0.290%, 05/15/2045		534,328		83
Series 2011-C3, Class XA IO, 0.947%, 02/15/2046 (E)		9,191,704		47,558
Series 2011-C4, Class XA IO, 1.181%, 07/15/2046 (E)		2,353,103		20,870
Series 2012-HSBC, Class XA IO, 1.431%, 07/05/2032 (E)		10,110,748		283,203
Series 2015-JP1, Class A4, 3.650%, 01/15/2049		685,000		728,620
Series 2020-NNN, Class AFX, 2.812%, 01/16/2037 (E)		258,000		256,506
KNDL Mortgage Trust Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) 2.055%, 05/15/2036 (C)(E)		185,000		149,967
LB-UBS Commercial Mortgage Trust Series 2005-C1, Class XCL IO 0.018%, 02/15/2040 (E)		353		0
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1, 4.562%, 04/21/2034 (J)		114,223		106,240
Series 2004-8, Class 5A1, 4.517%, 08/25/2034 (J)		138,083		135,719
MASTR Alternative Loan Trust Series 2004-4, Class 8A1 6.500%, 05/25/2034		248,459		256,332
Merrill Lynch Mortgage Investors Trust Series 2005-A, Class A1 (1 month LIBOR + 0.460%) 1.407%, 03/25/2030 (C)		23,772		21,324
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class XC IO, 0.010%, 07/12/2038 (E)		362,757		10
Series 2008-C1, Class X IO, 0.060%, 02/12/2051 (E)		4,915,134		49
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2012-C5, Class XA IO, 1.427%, 08/15/2045 (E)		9,782,612		247,963
Series 2012-C6, Class XA IO, 1.611%, 11/15/2045 (E)		5,947,789		182,912

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Morgan Stanley Bank of America Merrill Lynch Trust (continued)
Series 2013-C7, Class AS, 3.214%, 02/15/2046	$	1,000,000	$	991,182
Series 2013-C7, Class XA IO, 1.340%, 02/15/2046		10,787,440		329,777
Series 2014-C17, Class XA IO, 1.108%, 08/15/2047		12,088,741		412,041
Morgan Stanley Capital I Trust
Series 2011-C3, Class XA IO, 0.623%, 07/15/2049 (E)		6,676,845		36,665
Series 2012-C4, Class AS, 3.773%, 03/15/2045		2,371,500		2,390,870
Series 2017-CLS, Class D (1 month LIBOR + 1.400%), 2.105%, 11/15/2034 (C)(E)		298,000		273,868
MSCG Trust Series 2016-SNR, Class D 6.550%, 11/15/2034 (E)		186,150		180,346
Natixis Commercial Mortgage Securities Trust
Series 2018-285M, Class D, 3.790%, 11/15/2032 (E)(J)		135,000		129,882
Series 2018-ALXA, Class C, 4.316%, 01/15/2043 (E)(J)		168,000		150,402
One Market Plaza Trust Series 2017-1MKT, Class D 4.146%, 02/10/2032 (E)		90,000		81,340
Seasoned Credit Risk Transfer Trust Series 2019-2, Class MA 3.500%, 08/25/2058		474,270		502,505
Sequoia Mortgage Trust Series 2005-3, Class A1 (1 month LIBOR + 0.200%) 0.973%, 05/20/2035 (C)		64,319		55,564
Starwood Mortgage Residential Trust
Series 2018-IMC1, Class A1, 3.793%, 03/25/2048 (E)(J)		109,576		106,759
Series 2020-1, Class A1, 2.275%, 02/25/2050 (E)(J)		248,792		238,647
Structured Asset Securities Corp. Series 1998-RF2, Class A 4.739%, 07/15/2027 (E)(J)		52,108		49,824
UBS Commercial Mortgage Trust Series 2012-C1, Class B 4.822%, 05/10/2045		55,000		55,409
UBS-Barclays Commercial Mortgage Trust Series 2012-C2, Class XA IO 1.303%, 05/10/2063 (E)		6,022,653		144,541
VNDO Mortgage Trust Series 2013-PENN, Class D 3.947%, 12/13/2029 (E)(J)		347,000		341,420
WaMu Mortgage Pass Through Certificates
Series 2005-AR2, Class 2A1B (1 month LIBOR + 0.370%), 1.317%, 01/25/2045 (C)		560,062		497,848
Series 2005-AR8, Class 2AB2 (1 month LIBOR + 0.840%), 2.467%, 07/25/2045 (C)		434,727		356,827

 

19

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

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%), 2.347%, 07/25/2045 (C)	$	347,264	$	284,435
Washington Mutual Mortgage Pass Through Certificates Series 2005-1, Class 6A1 6.500%, 03/25/2035		256,796		235,289
Wells Fargo Commercial Mortgage Trust Series 2017-SMP, Class D (1 month LIBOR + 1.650%) 2.355%, 12/15/2034 (C)(E)		95,000		72,654
WF-RBS Commercial Mortgage Trust
Series 2011-C3, Class XA IO, 1.306%, 03/15/2044 (E)		12,001,933		120,396
Series 2012-C10, Class XA IO, 1.536%, 12/15/2045 (E)		5,930,165		203,788
Series 2012-C9, Class XA IO, 1.892%, 11/15/2045 (E)		7,030,104		265,573
Series 2013-C15, Class B, 4.494%, 08/15/2046 (J)		58,000		58,025
Series 2013-C16, Class B, 5.033%, 09/15/2046 (J)		74,000		75,298
				45,893,661
U.S. Government Agency – 2.1%
Federal Home Loan Mortgage Corp.
Series 290, Class IO, 3.500%, 11/15/2032		1,625,944		187,067
Series 3387, Class SB IO, 5.715%, 11/15/2037		1,241,388		231,504
Series 3632, Class AP, 3.000%, 02/15/2040		992,455		1,048,967
Series K011, Class X1 IO, 0.174%, 11/25/2020		45,012,770		26,837
Series K014, Class X1 IO, 1.150%, 04/25/2021		8,818,439		78,216
Series K015, Class X1 IO, 1.571%, 07/25/2021		8,592,002		126,845
Series K018, Class X1 IO, 1.300%, 01/25/2022		3,297,542		55,877
Series K021, Class A2, 2.396%, 06/25/2022		1,000,000		1,021,900
Series K021, Class X1 IO, 1.420%, 06/25/2022		11,658,182		297,724
Series K022, Class X1 IO, 1.209%, 07/25/2022		2,497,229		55,591
Series K026, Class X1 IO, 0.974%, 11/25/2022		10,113,515		209,474
Series K040, Class A2, 3.241%, 09/25/2024		370,000		400,125
Series K043, Class A2, 3.062%, 12/25/2024		585,000		630,006
Series K728, Class A2, 3.064%, 08/25/2024 (J)		253,000		269,423
Series K729, Class A2, 3.136%, 10/25/2024		403,000		431,211
Series KAIV, Class X1 IO, 1.234%, 06/25/2021		28,846,771		239,226
Series KIR3, Class A1, 3.038%, 08/25/2027		695,000		765,177
Series KS01, Class X1 IO, 1.197%, 01/25/2023		2,172,345		54,580

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 T-41, Class 3A, 5.371%, 07/25/2032 (J)	$	54,168	$	60,953
Federal National Mortgage Association
Series 2001-50, Class BA, 7.000%, 10/25/2041		7,768		8,972
Series 2002-W3, Class A5, 7.500%, 11/25/2041		61,831		75,394
Series 2010-15, Class KA, 4.000%, 03/25/2039		148,136		151,541
Series 2011-41, Class KA, 4.000%, 01/25/2041		267,674		282,335
Series 2011-86, Class NA, 4.000%, 01/25/2041		387,230		400,109
Series 2012-137, Class WI IO, 3.500%, 12/25/2032		1,656,965		197,303
Series 2012-21, Class PA, 2.000%, 03/25/2041		2,287,447		2,344,879
Series 2012-38, Class PA, 2.000%, 09/25/2041		798,980		815,600
Series 2012-M5, Class X IO, 0.529%, 02/25/2022		10,384,113		75,436
Government National Mortgage Association
Series 2008-90, Class IO, 1.878%, 12/16/2050		2,362,314		559,715
Series 2010-147, Class SA IO, 5.397%, 05/20/2040		1,376,965		119,941
Series 2010-85, Class SB IO, 5.895%, 03/16/2040		1,460,887		225,853
Series 2012-114, Class IO, 0.760%, 01/16/2053		670,851		27,128
Series 2012-120, Class IO, 0.766%, 02/16/2053		8,175,744		357,248
Series 2012-70, Class IO, 0.412%, 08/16/2052		4,871,319		54,896
Series 2015-41, Class IO, 0.592%, 09/16/2056		9,050,073		345,710
Series 2016-174, Class IO, 0.890%, 11/16/2056		869,896		57,571
Series 2017-109, Class IO, 0.600%, 04/16/2057		1,935,267		95,137
Series 2017-124, Class IO, 0.709%, 01/16/2059		2,644,615		147,961
Series 2017-135, Class IO, 0.835%, 10/16/2058		1,682,568		109,225
Series 2017-140, Class IO, 0.612%, 02/16/2059		1,210,247		67,873
Series 2017-159, Class IO, 0.544%, 06/16/2059		1,843,427		86,647
Series 2017-169, Class IO, 0.728%, 01/16/2060		3,860,713		225,249
Series 2017-20, Class IO, 0.740%, 12/16/2058		4,122,206		216,456
Series 2017-22, Class IO, 0.932%, 12/16/2057		609,618		42,621
Series 2017-41, Class IO, 0.786%, 07/16/2058		1,808,970		97,988
Series 2017-46, Class IO, 0.616%, 11/16/2057		1,661,804		83,680
Series 2017-61, Class IO, 0.764%, 05/16/2059		902,740		55,267

 

20

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Government National Mortgage Association (continued)
Series 2018-158, Class IO, 0.727%, 05/16/2061	$	3,244,257	$	220,004
Series 2018-35, Class IO, 0.527%, 03/16/2060		2,805,045		145,852
Series 2018-43, Class IO, 0.576%, 05/16/2060		4,639,164		238,822
Series 2018-69, Class IO, 0.555%, 04/16/2060		2,561,672		141,629
Series 2018-81, Class IO, 0.450%, 01/16/2060		611,543		30,027
Series 2018-9, Class IO, 0.559%, 01/16/2060		3,032,148		149,897
Series 2019-131, Class IO, 0.931%, 07/16/2061		2,316,519		170,549
				14,615,218
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $64,596,622)			$	60,508,879
ASSET BACKED SECURITIES – 6.6%
AccessLex Institute Series 2007-A, Class A3 (3 month LIBOR + 0.300%) 1.979%, 05/25/2036 (C)		234,212		212,363
Ameriquest Mortgage Securities, Inc. Series 2005-R10, Class M1 (1 month LIBOR + 0.410%) 1.357%, 01/25/2036 (C)		95,930		95,548
Amresco Residential Securities Corp. Mortgage Loan Trust Series 1998-1, Class A6 6.510%, 08/25/2027 (J)		43		43
Applebee's Funding LLC Series 2019-1A, Class A2I 4.194%, 06/07/2049 (E)		575,000		522,963
Arby's Funding LLC Series 2015-1A, Class A2 4.969%, 10/30/2045 (E)		392,575		379,451
ARL First LLC Series 2012-1A, Class A2 3.810%, 12/15/2042 (E)		900,000		904,672
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A 2.360%, 03/20/2026 (E)		439,000		384,461
Series 2020-1A, Class A 2.330%, 08/20/2026 (E)		333,000		293,167
BRE Grand Islander Timeshare Issuer LLC Series 2019-A, Class A 3.280%, 09/26/2033 (E)		248,415		245,295
Business Loan Express SBA Loan Trust Series 2005-1A, Class A (1 month LIBOR + 0.300%) 1.247%, 06/27/2033 (C)(E)		241,169		215,035
Capital One Multi-Asset Execution Trust
Series 2015-A8, Class A8 2.050%, 08/15/2023		3,500,000		3,511,819
Series 2016-A7, Class A7 (1 month LIBOR + 0.510%) 1.215%, 09/16/2024 (C)		3,123,000		3,098,016

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
CARS-DB4 LP
Series 2020-1A, Class A4 3.190%, 02/15/2050 (E)	$	1,000,000	$	963,130
Series 2020-1A, Class B1 4.170%, 02/15/2050 (E)		331,000		301,210
Centex Home Equity Loan Trust Series 2005-A, Class M4 (1 month LIBOR + 1.200%) 2.147%, 01/25/2035 (C)		156,736		124,596
Chase Issuance Trust Series 2016-A3, Class A3 (1 month LIBOR + 0.550%) 1.255%, 06/15/2023 (C)		4,500,000		4,460,485
Citibank Credit Card Issuance Trust
Series 2017-A3, Class A3 1.920%, 04/07/2022		3,000,000		2,999,700
Series 2017-A7, Class A7 (1 month LIBOR + 0.370%) 1.375%, 08/08/2024 (C)		3,000,000		2,957,401
CLI Funding LLC Series 2018-1A, Class A 4.030%, 04/18/2043 (E)		374,960		356,181
Coinstar Funding LLC Series 2017-1A, Class A2 5.216%, 04/25/2047 (E)		379,275		357,182
Conseco Finance Corp. Series 1996-10, Class M1 7.240%, 11/15/2028 (J)		160,786		163,375
ContiMortgage Home Equity Loan Trust Series 1995-2, Class A5 8.100%, 08/15/2025		6,114		4,457
Corevest American Finance Trust Series 2019-3, Class A 2.705%, 10/15/2052 (E)		103,495		98,236
Credit-Based Asset Servicing & Securitization LLC Series 2006-MH1, Class B1 6.250%, 10/25/2036 (E)		2,560,000		2,412,897
Cronos Containers Program I, Ltd. Series 2013-1A, Class A 3.080%, 04/18/2028 (E)		555,000		540,966
CWABS Asset-Backed Certificates Trust Series 2004-10, Class AF5B 4.523%, 02/25/2035		45,955		45,208
DB Master Finance LLC
Series 2017-1A, Class A2I 3.629%, 11/20/2047 (E)		210,163		202,189
Series 2017-1A, Class A2II 4.030%, 11/20/2047 (E)		161,288		151,383
Series 2019-1A, Class A2I 3.787%, 05/20/2049 (E)		972,650		940,057
Domino's Pizza Master Issuer LLC
Series 2017-1A, Class A23 4.118%, 07/25/2047 (E)		606,050		586,729
Series 2017-1A, Class A2II 3.082%, 07/25/2047 (E)		977,500		943,610
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (E)		555,350		553,384
FOCUS Brands Funding LLC Series 2017-1A, Class A2I 3.857%, 04/30/2047 (E)		194,500		183,626
Ford Credit Auto Owner Trust Series 2020-1, Class A 2.040%, 08/15/2031 (E)		516,000		477,571

 

21

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Ford Credit Floorplan Master Owner Trust Series 2019-2, Class A 3.060%, 04/15/2026	$	623,000	$	599,755
GMF Floorplan Owner Revolving Trust Series 2019-2, Class A 2.900%, 04/15/2026 (E)		580,000		531,458
Golden Credit Card Trust Series 2018-4A, Class A 3.440%, 10/15/2025 (E)		480,000		477,393
GSRPM Mortgage Loan Trust Series 2006-1, Class A1 (1 month LIBOR + 0.300%) 1.247%, 03/25/2035 (C)(E)		73,622		72,491
Hilton Grand Vacations Trust
Series 2017-AA, Class A 2.660%, 12/26/2028 (E)		310,856		305,175
Series 2018-AA, Class A 3.540%, 02/25/2032 (E)		122,380		121,994
InSite Issuer LLC
Series 2016-1A, Class A 2.883%, 11/15/2046 (E)		750,000		630,674
Series 2016-1A, Class B 4.557%, 11/15/2046 (E)		500,000		416,307
Jack in the Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (E)		229,425		190,040
Series 2019-1A, Class A2I 3.982%, 08/25/2049 (E)		229,425		211,922
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX 2.730%, 10/25/2048 (E)		140,000		140,550
Long Beach Mortgage Loan Trust Series 2004-1, Class M3 (1 month LIBOR + 1.050%) 1.997%, 02/25/2034 (C)		53,712		53,121
MelTel Land Funding LLC Series 2019-1A, Class A 3.768%, 04/15/2049 (E)		257,000		203,632
Mill City Mortgage Loan Trust Series 2018-3, Class A1 3.500%, 08/25/2058 (E)(J)		144,959		147,528
MVW Owner Trust
Series 2015-1A, Class A 2.520%, 12/20/2032 (E)		32,156		31,659
Series 2018-1A, Class A 3.450%, 01/21/2036 (E)		273,598		262,904
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (E)		155,792		159,122
Navient Private Education Refi Loan Trust Series 2019-FA, Class A2 2.600%, 08/15/2068 (E)		553,000		558,942
New Residential Mortgage LLC
Series 2018-FNT1, Class A 3.610%, 05/25/2023 (E)		233,142		229,309
Series 2018-FNT2, Class A 3.790%, 07/25/2054 (E)		124,497		124,252
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (E)		97,032		96,752
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (E)		296,065		294,728

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Option One Mortgage Loan Trust Series 2004-1, Class M1 (1 month LIBOR + 0.900%) 1.847%, 01/25/2034 (C)	$	280,566	$	248,535
Oxford Finance Funding LLC Series 2019-1A, Class A2 4.459%, 02/15/2027 (E)		185,000		186,631
Progress Residential Trust Series 2020-SFR1, Class A 1.732%, 04/17/2037 (E)		359,000		336,654
Renaissance Home Equity Loan Trust Series 2005-2, Class AF4 4.934%, 08/25/2035		120,947		120,038
Santander Revolving Auto Loan Trust Series 2019-A, Class A 2.510%, 01/26/2032 (E)		532,000		509,427
SCF Equipment Leasing LLC Series 2019-1A, Class A2 3.230%, 10/20/2024 (E)		186,000		183,405
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (E)		383,075		359,826
Sierra Timeshare Receivables Funding LLC Series 2019-1A, Class A 3.200%, 01/20/2036 (E)		177,028		175,654
SMB Private Education Loan Trust
Series 2015-C, Class A2A 2.750%, 07/15/2027 (E)		138,884		139,678
Series 2019-B, Class A2A 2.840%, 06/15/2037 (E)		526,000		497,199
Sonic Capital LLC Series 2020-1A, Class A2I 3.845%, 01/20/2050 (E)		308,743		295,562
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (E)		249,124		145,768
Taco Bell Funding LLC
Series 2016-1A, Class A2II 4.377%, 05/25/2046 (E)		680,750		657,611
Series 2018-1A, Class A2I 4.318%, 11/25/2048 (E)		496,713		484,300
TAL Advantage V LLC Series 2014-1A, Class A 3.510%, 02/22/2039 (E)		350,542		338,601
Towd Point Mortgage Trust
Series 2015-1, Class A5 3.913%, 10/25/2053 (E)(J)		105,000		97,274
Series 2015-2, Class 1M2 3.757%, 11/25/2060 (E)(J)		245,000		228,799
Series 2015-6, Class M2 3.750%, 04/25/2055 (E)(J)		1,000,000		925,060
Series 2017-1, Class A1 2.750%, 10/25/2056 (E)(J)		101,196		101,236
Series 2017-2, Class A1 2.750%, 04/25/2057 (E)(J)		53,643		52,549
Series 2018-1, Class A1 3.000%, 01/25/2058 (E)(J)		143,893		144,543
Series 2018-3, Class A1 3.750%, 05/25/2058 (E)(J)		186,457		186,247
Series 2018-4, Class A1 3.000%, 06/25/2058 (E)(J)		426,125		417,985
Series 2018-5, Class A1A 3.250%, 07/25/2058 (E)(J)		76,314		77,241
Series 2018-6, Class A1A 3.750%, 03/25/2058 (E)(J)		587,307		602,791

 

22

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Towd Point Mortgage Trust (continued)
Series 2019-1, Class A1 3.750%, 03/25/2058 (E)(J)	$	293,741	$	301,553
Series 2019-4, Class A1 2.900%, 10/25/2059 (E)(J)		339,978		332,616
Toyota Auto Loan Extended Note Trust Series 2019-1A, Class A 2.560%, 11/25/2031 (E)		1,135,000		1,149,834
Triton Container Finance V LLC Series 2018-1A, Class A 3.950%, 03/20/2043 (E)		268,000		265,257
Vantage Data Centers Issuer LLC Series 2018-1A, Class A2 4.072%, 02/16/2043 (E)		264,375		258,430
VB-S1 Issuer LLC
Series 2016-1A, Class D 4.459%, 06/15/2046 (E)		500,000		491,840
Series 2016-1A, Class F 6.901%, 06/15/2046 (E)		250,000		245,676
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (E)		187,463		181,814
Westgate Resorts LLC
Series 2016-1A, Class A 3.500%, 12/20/2028 (E)		20,034		19,928
Series 2017-1A, Class A 3.050%, 12/20/2030 (E)		151,254		143,338
Westlake Automobile Receivables Trust
Series 2019-1A, Class C 3.450%, 03/15/2024 (E)		190,000		175,706
Series 2019-2A, Class A2A 2.570%, 02/15/2023 (E)		616,129		613,586
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (E)		162,000		94,378
TOTAL ASSET BACKED SECURITIES (Cost $49,016,975)			$	47,332,684
PREFERRED SECURITIES – 0.2%
Consumer staples – 0.0%
Ocean Spray Cranberries, Inc., 6.250% (E)		2,216		150,688
Financials – 0.0%
GMAC Capital Trust I (3 month LIBOR + 5.785%), 7.477% (C)		8,934		183,236
Wells Fargo & Company, Series L, 7.500%		55		70,071
				253,307
Information technology – 0.1%
Broadcom, Inc., 8.000% (A)		332		310,208
Utilities – 0.1%
Dominion Energy, Inc., 7.250%		550		50,606
DTE Energy Company, 6.250%		669		25,195
NextEra Energy, Inc., 5.279%		5,300		233,677
The Southern Company, 6.750%		831		36,896
				346,374
TOTAL PREFERRED SECURITIES (Cost $1,221,607)			$	1,060,577
ESCROW CERTIFICATES – 0.0%
Stearns Holdings LLC 9.375%, 08/15/2020 (D)(E)(H)	$	46,000		5,304
TOTAL ESCROW CERTIFICATES (Cost $0)			$	5,304

Active Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 11.5%
Short-term funds – 10.3%
John Hancock Collateral Trust, 1.1260% (L)(M)		1,783,589	$	17,831,431
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (L)		55,877,513		55,877,513
				73,708,944
Repurchase agreement – 1.2%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $8,503,000 on 4-1-20, collateralized by $8,250,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $8,673,679)	$	8,503,000		8,503,000
TOTAL SHORT-TERM INVESTMENTS (Cost $82,211,708)			$	82,211,944
Total Investments (Active Bond Trust) (Cost $808,743,317) – 115.0%			$	820,738,992
Other assets and liabilities, net – (15.0%)				(106,913,142)
TOTAL NET ASSETS – 100.0%			$	713,825,850

Currency Abbreviations
ARS	Argentine Peso
EUR	Euro
GBP	Pound Sterling
MXN	Mexican Peso

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
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
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)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $17,451,471.
(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)	Non-income producing security.
(E)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $116,441,797 or 16.3% of the fund's net assets as of 3-31-20.
(F)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G)	Non-income producing - Issuer is in default.
(H)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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)	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.
(L)	The rate shown is the annualized seven-day yield as of 3-31-20.

 

23

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

(M)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

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	56,028,549	$	1,165,954,113
TOTAL INVESTMENT COMPANIES (Cost $1,026,856,814)		$	1,165,954,113
Total Investments (American Asset Allocation Trust) (Cost $1,026,856,814) - 100.0%		$	1,165,954,113
Other assets and liabilities, net - (0.0%)			(71,019)
TOTAL NET ASSETS - 100.0%		$	1,165,883,094

American Global Growth Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Global Growth Fund - Class 1	6,474,514	$	176,689,479
TOTAL INVESTMENT COMPANIES (Cost $175,460,068)		$	176,689,479
Total Investments (American Global Growth Trust) (Cost $175,460,068) - 100.0%		$	176,689,479
Other assets and liabilities, net - (0.0%)			(20,147)
TOTAL NET ASSETS - 100.0%		$	176,669,332

American Growth Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth Fund - Class 1	10,165,411	$	718,999,501
TOTAL INVESTMENT COMPANIES (Cost $715,871,731)		$	718,999,501
Total Investments (American Growth Trust) (Cost $715,871,731) - 100.0%		$	718,999,501
Other assets and liabilities, net - (0.0%)			(48,996)
TOTAL NET ASSETS - 100.0%		$	718,950,505

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	19,894,325	$	809,897,982
TOTAL INVESTMENT COMPANIES (Cost $902,971,473)		$	809,897,982
Total Investments (American Growth-Income Trust) (Cost $902,971,473) - 100.0%		$	809,897,982
Other assets and liabilities, net - (0.0%)			(55,167)
TOTAL NET ASSETS - 100.0%		$	809,842,815

American International Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American International Fund - Class 1	24,530,126	$	386,104,190
TOTAL INVESTMENT COMPANIES (Cost $462,974,637)		$	386,104,190
Total Investments (American International Trust) (Cost $462,974,637) - 100.0%		$	386,104,190
Other assets and liabilities, net - (0.0%)			(30,486)
TOTAL NET ASSETS - 100.0%		$	386,073,704

Blue Chip Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.9%
Communication services – 19.4%
Entertainment – 2.9%
Electronic Arts, Inc. (A)	36,796	$	3,685,855
Netflix, Inc. (A)	112,631		42,292,941
Spotify Technology SA (A)	37,838		4,595,047
			50,573,843
Interactive media and services – 16.5%
Alphabet, Inc., Class A (A)	18,837		21,887,652
Alphabet, Inc., Class C (A)	84,604		98,378,377
Facebook, Inc., Class A (A)	652,034		108,759,271
InterActiveCorp (A)	48,998		8,781,912
Match Group, Inc. (A)(B)	1,688		111,476
Tencent Holdings, Ltd.	998,900		49,373,223
			287,291,911
			337,865,754
Consumer discretionary – 20.6%
Auto components – 0.0%
Aptiv PLC	3,928		193,415
Automobiles – 0.0%
Ferrari NV	883		134,719
Hotels, restaurants and leisure – 0.9%
Chipotle Mexican Grill, Inc. (A)	4,700		3,075,680
Hilton Worldwide Holdings, Inc.	51,827		3,536,674
Marriott International, Inc., Class A	51,566		3,857,652
McDonald's Corp.	13,900		2,298,365
Restaurant Brands International, Inc. (B)	7,592		303,908
Wynn Resorts, Ltd.	10,399		625,916
Yum! Brands, Inc.	18,976		1,300,425
			14,998,620
Internet and direct marketing retail – 16.5%
Alibaba Group Holding, Ltd., ADR (A)	424,550		82,566,484
Amazon.com, Inc. (A)	97,320		189,746,748
Booking Holdings, Inc. (A)	11,454		15,409,295
Trip.com Group, Ltd., ADR (A)	36,244		849,922
			288,572,449
Multiline retail – 1.3%
Dollar General Corp.	146,882		22,180,651
Dollar Tree, Inc. (A)	15,292		1,123,503
			23,304,154
Specialty retail – 1.0%
Ross Stores, Inc.	163,713		14,238,120
The TJX Companies, Inc.	72,426		3,462,687
			17,700,807
Textiles, apparel and luxury goods – 0.9%
Lululemon Athletica, Inc. (A)	48,000		9,098,400
NIKE, Inc., Class B	72,682		6,013,709
			15,112,109
			360,016,273

 

24

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples – 0.1%
Beverages – 0.1%
Constellation Brands, Inc., Class A	5,469	$	784,036
Tobacco – 0.0%
Philip Morris International, Inc.	134		9,777
			793,813
Energy – 0.0%
Oil, gas and consumable fuels – 0.0%
Concho Resources, Inc.	972		41,650
Pioneer Natural Resources Company	7,550		529,633
			571,283
Financials – 4.0%
Banks – 0.1%
Citigroup, Inc.	7,102		299,136
JPMorgan Chase & Co.	2,639		237,589
			536,725
Capital markets – 2.4%
Intercontinental Exchange, Inc.	120,339		9,717,374
Morgan Stanley	191,029		6,494,986
MSCI, Inc.	9,100		2,629,536
S&P Global, Inc.	48,258		11,825,623
State Street Corp.	46,809		2,493,515
TD Ameritrade Holding Corp.	70,374		2,439,163
The Charles Schwab Corp.	66,473		2,234,822
The Goldman Sachs Group, Inc.	27,114		4,191,553
			42,026,572
Insurance – 1.5%
American International Group, Inc.	20,884		506,437
Chubb, Ltd.	33,093		3,696,157
Marsh & McLennan Companies, Inc.	71,605		6,190,968
Willis Towers Watson PLC	95,237		16,176,004
			26,569,566
			69,132,863
Health care – 16.2%
Biotechnology – 3.0%
AbbVie, Inc.	16,700		1,272,373
Alexion Pharmaceuticals, Inc. (A)	54,765		4,917,349
Amgen, Inc.	6,272		1,271,523
Biogen, Inc. (A)	8,500		2,689,230
Exact Sciences Corp. (A)	46,300		2,685,400
Incyte Corp. (A)(B)	30,909		2,263,466
Regeneron Pharmaceuticals, Inc. (A)	2,800		1,367,212
Seattle Genetics, Inc. (A)	9,590		1,106,494
Vertex Pharmaceuticals, Inc. (A)	149,221		35,507,137
			53,080,184
Health care equipment and supplies – 5.4%
Abbott Laboratories	17,219		1,358,751
Becton, Dickinson and Company (B)	72,263		16,603,870
Danaher Corp.	159,905		22,132,451
Intuitive Surgical, Inc. (A)	50,662		25,088,329
Stryker Corp.	167,648		27,911,716
Teleflex, Inc.	1,894		554,677
			93,649,794
Health care providers and services – 6.2%
Anthem, Inc.	61,781		14,026,758
Centene Corp. (A)	273,588		16,253,863
Cigna Corp.	201,716		35,740,041
HCA Healthcare, Inc.	60,209		5,409,779
UnitedHealth Group, Inc.	143,950		35,898,251
			107,328,692
Health care technology – 0.1%
Veeva Systems, Inc., Class A (A)	15,503		2,424,204

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services – 1.2%
Agilent Technologies, Inc.	3,966	$	284,045
Thermo Fisher Scientific, Inc.	70,983		20,130,779
			20,414,824
Pharmaceuticals – 0.3%
Zoetis, Inc.	45,356		5,337,948
			282,235,646
Industrials – 3.8%
Aerospace and defense – 1.1%
L3Harris Technologies, Inc.	30,149		5,430,438
Northrop Grumman Corp.	21,944		6,639,157
The Boeing Company	52,458		7,823,586
			19,893,181
Airlines – 0.0%
United Airlines Holdings, Inc. (A)	11,088		349,826
Commercial services and supplies – 0.1%
Cintas Corp.	7,762		1,344,534
Industrial conglomerates – 0.9%
General Electric Company	138,344		1,098,451
Honeywell International, Inc.	19,133		2,559,804
Roper Technologies, Inc.	37,396		11,660,447
			15,318,702
Machinery – 0.0%
Fortive Corp.	8,956		494,282
Professional services – 0.9%
CoStar Group, Inc. (A)	16,706		9,809,930
Equifax, Inc.	47,000		5,614,150
IHS Markit, Ltd.	6,153		369,180
			15,793,260
Road and rail – 0.8%
Canadian Pacific Railway, Ltd. (B)	16,931		3,717,878
Kansas City Southern	22,472		2,857,989
Norfolk Southern Corp.	18,872		2,755,312
Union Pacific Corp.	30,918		4,360,675
			13,691,854
			66,885,639
Information technology – 35.2%
Communications equipment – 0.0%
Motorola Solutions, Inc.	778		103,412
IT services – 13.7%
Automatic Data Processing, Inc.	6,392		873,659
Fidelity National Information Services, Inc.	255,922		31,130,352
Fiserv, Inc. (A)	281,559		26,745,289
FleetCor Technologies, Inc. (A)	17,364		3,239,081
Global Payments, Inc.	222,353		32,069,973
Mastercard, Inc., Class A	215,607		52,082,027
PayPal Holdings, Inc. (A)	301,465		28,862,259
Visa, Inc., Class A	399,277		64,331,510
			239,334,150
Semiconductors and semiconductor equipment – 3.0%
Advanced Micro Devices, Inc. (A)	172,400		7,840,752
Applied Materials, Inc.	154,681		7,087,483
KLA Corp.	4,496		646,255
Lam Research Corp.	22,854		5,484,960
Marvell Technology Group, Ltd.	332,558		7,525,788
Maxim Integrated Products, Inc.	30,060		1,461,217
NVIDIA Corp.	66,840		17,619,024
QUALCOMM, Inc.	33,184		2,244,898
Texas Instruments, Inc.	29,415		2,939,441
			52,849,818

 

25

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software – 15.3%
Atlassian Corp. PLC, Class A (A)	41,013	$	5,629,444
Citrix Systems, Inc.	2,500		353,875
Coupa Software, Inc. (A)	4,600		642,758
DocuSign, Inc. (A)	64,699		5,978,188
Intuit, Inc.	149,405		34,363,150
Microsoft Corp.	650,122		102,530,741
Paycom Software, Inc. (A)	15,886		3,209,131
salesforce.com, Inc. (A)	233,717		33,650,574
ServiceNow, Inc. (A)	136,174		39,024,745
Splunk, Inc. (A)	103,762		13,097,877
Synopsys, Inc. (A)	53,222		6,854,461
VMware, Inc., Class A (A)	51,868		6,281,215
Workday, Inc., Class A (A)	124,042		16,152,749
			267,768,908
Technology hardware, storage and peripherals – 3.2%
Apple, Inc.	216,498		55,053,276
			615,109,564
Materials – 0.5%
Chemicals – 0.5%
Air Products & Chemicals, Inc.	796		158,890
Linde PLC	29,132		5,039,836
The Sherwin-Williams Company	6,802		3,125,655
			8,324,381
Real estate – 0.0%
Equity real estate investment trusts – 0.0%
American Tower Corp.	2,854		621,459
Utilities – 0.1%
Electric utilities – 0.0%
NextEra Energy, Inc.	630		151,591
Multi-utilities – 0.1%
Sempra Energy	17,910		2,023,651
			2,175,242
TOTAL COMMON STOCKS (Cost $1,300,604,727)		$	1,743,731,917
SHORT-TERM INVESTMENTS – 1.4%
Short-term funds – 1.4%
John Hancock Collateral Trust, 1.1260% (C)(D)	1,721,226		17,207,958
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	7,245,185		7,245,185
T. Rowe Price Government Reserve Fund, 0.9288% (C)	100		100
TOTAL SHORT-TERM INVESTMENTS (Cost $24,452,940)		$	24,453,243
Total Investments (Blue Chip Growth Trust) (Cost $1,325,057,667) – 101.3%		$	1,768,185,160
Other assets and liabilities, net – (1.3%)			(22,010,769)
TOTAL NET ASSETS – 100.0%		$	1,746,174,391

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 3-31-20. The value of securities on loan amounted to $16,819,648.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 98.1%
Communication services – 13.5%
Entertainment – 4.4%
Netflix, Inc. (A)	52,762	$	19,812,131
Interactive media and services – 9.1%
Alphabet, Inc., Class A (A)	10,421		12,108,681
Alphabet, Inc., Class C (A)	10,397		12,089,736
Facebook, Inc., Class A (A)	74,438		12,416,258
Tencent Holdings, Ltd.	88,371		4,367,966
			40,982,641
			60,794,772
Consumer discretionary – 21.5%
Automobiles – 3.0%
Tesla, Inc. (A)	26,107		13,680,068
Hotels, restaurants and leisure – 0.8%
Chipotle Mexican Grill, Inc. (A)	5,568		3,643,699
Internet and direct marketing retail – 10.9%
Alibaba Group Holding, Ltd., ADR (A)	84,477		16,429,087
Amazon.com, Inc. (A)	16,610		32,384,845
			48,813,932
Specialty retail – 1.6%
The Home Depot, Inc.	37,616		7,023,283
Textiles, apparel and luxury goods – 5.2%
Kering SA	14,555		7,589,159
Lululemon Athletica, Inc. (A)	43,291		8,205,809
NIKE, Inc., Class B	90,369		7,477,131
			23,272,099
			96,433,081
Consumer staples – 4.6%
Beverages – 0.7%
Constellation Brands, Inc., Class A	21,771		3,121,091
Food and staples retailing – 2.1%
Costco Wholesale Corp.	32,254		9,196,583
Personal products – 1.8%
The Estee Lauder Companies, Inc., Class A	52,033		8,290,938
			20,608,612
Financials – 2.1%
Capital markets – 2.1%
S&P Global, Inc.	21,270		5,212,214
The Goldman Sachs Group, Inc.	28,406		4,391,284
			9,603,498
Health care – 10.2%
Biotechnology – 2.2%
BioMarin Pharmaceutical, Inc. (A)	39,754		3,359,213
Vertex Pharmaceuticals, Inc. (A)	27,864		6,630,239
			9,989,452
Health care equipment and supplies – 2.1%
Boston Scientific Corp. (A)	96,489		3,148,436
DexCom, Inc. (A)	16,336		4,398,795
Intuitive Surgical, Inc. (A)	4,152		2,056,112
			9,603,343
Health care providers and services – 0.9%
Guardant Health, Inc. (A)(B)	20,842		1,450,603
Humana, Inc.	7,452		2,340,077
			3,790,680
Life sciences tools and services – 0.6%
Illumina, Inc. (A)	10,422		2,846,457
Pharmaceuticals – 4.4%
AstraZeneca PLC, ADR	225,192		10,057,075

 

26

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Eli Lilly & Company	70,348	$	9,758,675
			19,815,750
			46,045,682
Industrials – 3.1%
Aerospace and defense – 0.9%
The Boeing Company	28,619		4,268,238
Road and rail – 2.2%
Uber Technologies, Inc. (A)	218,826		6,109,622
Union Pacific Corp.	26,350		3,716,404
			9,826,026
			14,094,264
Information technology – 42.0%
IT services – 12.9%
Adyen NV (A)(C)	8,768		7,490,705
FleetCor Technologies, Inc. (A)	17,492		3,262,958
Mastercard, Inc., Class A	71,202		17,199,555
PayPal Holdings, Inc. (A)	55,648		5,327,740
Shopify, Inc., Class A (A)	13,392		5,583,527
Twilio, Inc., Class A (A)	37,956		3,396,682
Visa, Inc., Class A	98,419		15,857,269
			58,118,436
Semiconductors and semiconductor equipment – 4.9%
Advanced Micro Devices, Inc. (A)	27,414		1,246,789
Broadcom, Inc.	11,863		2,812,717
NVIDIA Corp.	59,413		15,661,267
QUALCOMM, Inc.	33,127		2,241,042
			21,961,815
Software – 19.3%
Adobe, Inc. (A)	45,754		14,560,753
Atlassian Corp. PLC, Class A (A)	12,461		1,710,397
Coupa Software, Inc. (A)	25,386		3,547,186
Microsoft Corp.	186,066		29,344,469
RingCentral, Inc., Class A (A)	8,068		1,709,690
salesforce.com, Inc. (A)	120,671		17,374,211
ServiceNow, Inc. (A)	17,474		5,007,699
Splunk, Inc. (A)	52,001		6,564,086
The Trade Desk, Inc., Class A (A)	10,108		1,950,844
Workday, Inc., Class A (A)	39,474		5,140,304
			86,909,639
Technology hardware, storage and peripherals – 4.9%
Apple, Inc.	85,446		21,728,063
			188,717,953
Real estate – 1.1%
Equity real estate investment trusts – 1.1%
American Tower Corp.	22,011		4,792,895
TOTAL COMMON STOCKS (Cost $373,498,518)		$	441,090,757
SHORT-TERM INVESTMENTS – 1.7%
Short-term funds – 1.7%
John Hancock Collateral Trust, 1.1260% (D)(E)	92,166		921,432
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)	6,801,702		6,801,702
TOTAL SHORT-TERM INVESTMENTS (Cost $7,722,452)		$	7,723,134
Total Investments (Capital Appreciation Trust) (Cost $381,220,970) – 99.8%		$	448,813,891
Other assets and liabilities, net – 0.2%			1,020,702
TOTAL NET ASSETS – 100.0%		$	449,834,593

Capital Appreciation 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 3-31-20. The value of securities on loan amounted to $912,000.
(C)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 68.4%
Communication services – 4.1%
Interactive media and services – 4.1%
Alphabet, Inc., Class A (A)	1	$	1,162
Alphabet, Inc., Class C (A)(B)	7,000		8,139,670
Facebook, Inc., Class A (A)	38,600		6,438,480
			14,579,312
Consumer discretionary – 7.9%
Auto components – 0.5%
Aptiv PLC (B)	32,524		1,601,482
Hotels, restaurants and leisure – 4.9%
Hilton Worldwide Holdings, Inc.	97,841		6,676,670
Marriott International, Inc., Class A	47,887		3,582,426
Yum! Brands, Inc.	103,559		7,096,898
			17,355,994
Internet and direct marketing retail – 2.5%
Amazon.com, Inc. (A)	4,529		8,830,282
			27,787,758
Consumer staples – 2.6%
Beverages – 2.6%
Keurig Dr. Pepper, Inc. (C)	370,534		8,992,860
Energy – 0.2%
Oil, gas and consumable fuels – 0.2%
Concho Resources, Inc.	12,800		548,480
Financials – 4.7%
Capital markets – 1.9%
Intercontinental Exchange, Inc.	79,871		6,449,583
Insurance – 2.8%
Marsh & McLennan Companies, Inc.	114,961		9,939,528
			16,389,111
Health care – 16.5%
Health care equipment and supplies – 6.0%
Alcon, Inc. (A)	103,532		5,304,020
Becton, Dickinson and Company (B)	26,014		5,977,237
Danaher Corp.	62,224		8,612,424
Envista Holdings Corp. (A)	87,622		1,309,073
			21,202,754
Health care providers and services – 5.0%
Humana, Inc.	36,065		11,325,131
UnitedHealth Group, Inc.	25,202		6,284,875
			17,610,006
Life sciences tools and services – 5.5%
Avantor, Inc. (A)	109,974		1,373,575
PerkinElmer, Inc. (C)	120,959		9,105,794

 

27

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
Thermo Fisher Scientific, Inc.	30,829	$	8,743,104
			19,222,473
			58,035,233
Industrials – 10.7%
Aerospace and defense – 1.6%
Raytheon Company	42,296		5,547,120
Commercial services and supplies – 0.5%
Waste Connections, Inc. (C)	23,998		1,859,845
Industrial conglomerates – 5.5%
General Electric Company	1,696,166		13,467,558
Roper Technologies, Inc. (B)	19,231		5,996,418
			19,463,976
Machinery – 3.1%
Fortive Corp.	144,833		7,993,333
Ingersoll Rand, Inc. (A)	119,679		2,968,039
			10,961,372
			37,832,313
Information technology – 15.6%
Electronic equipment, instruments and components – 0.5%
TE Connectivity, Ltd.	27,774		1,749,207
IT services – 7.3%
Fiserv, Inc. (A)	143,873		13,666,496
Global Payments, Inc.	39,935		5,759,825
Visa, Inc., Class A (B)	40,386		6,506,992
			25,933,313
Semiconductors and semiconductor equipment – 3.8%
Maxim Integrated Products, Inc. (C)	95,459		4,640,262
NXP Semiconductors NV (B)	104,717		8,684,175
			13,324,437
Software – 4.0%
Microsoft Corp. (B)	88,900		14,020,419
			55,027,376
Materials – 1.0%
Chemicals – 1.0%
Linde PLC	20,871		3,610,683
Utilities – 5.1%
Electric utilities – 2.8%
American Electric Power Company, Inc.	66,648		5,330,507
NextEra Energy, Inc. (B)	4,956		1,192,513
Xcel Energy, Inc. (B)	56,669		3,417,141
			9,940,161
Multi-utilities – 2.3%
Ameren Corp.	43,482		3,166,794
NiSource, Inc.	191,612		4,784,552
			7,951,346
			17,891,507
TOTAL COMMON STOCKS (Cost $244,671,512)		$	240,694,633
PREFERRED SECURITIES – 5.0%
Financials – 1.6%
Banks – 1.5%
JPMorgan Chase & Co., 5.750%	10,883		275,884
U.S. Bancorp, 5.500%	19,000		473,480
U.S. Bancorp (6.500% to 1-15-22, then 3 month LIBOR + 4.468%)	14,000		360,640
Wells Fargo & Company, Series L, 7.500%	3,282		4,181,334
			5,291,338

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Capital markets – 0.1%
The Charles Schwab Corp., 5.950%		1,000	$	25,150
The Charles Schwab Corp., 6.000% (C)		14,644		369,761
				394,911
				5,686,249
Health care – 1.4%
Health care equipment and supplies – 0.7%
Becton, Dickinson and Company, 6.125%		48,474		2,534,221
Life sciences tools and services – 0.7%
Avantor, Inc., 6.250%		51,334		2,225,842
Pharmaceuticals – 0.0%
Elanco Animal Health, Inc., 5.000%		2,006		82,527
				4,842,590
Industrials – 0.2%
Machinery – 0.2%
Fortive Corp., 5.000%		907		654,854
Utilities – 1.8%
Electric utilities – 0.8%
Alabama Power Company, 5.000%		10,000		255,500
American Electric Power Company, Inc., 6.125% (C)		9,302		448,822
Duke Energy Corp., 5.625%		27,400		701,714
NextEra Energy, Inc., 5.279%		22,612		996,963
SCE Trust III (5.750% to 3-15-24, then 3 month LIBOR + 2.990%)		657		12,943
SCE Trust IV (5.375% to 9-15-25, then 3 month LIBOR + 3.132%)		27,553		511,108
				2,927,050
Multi-utilities – 1.0%
CMS Energy Corp., 5.875% (C)		41,200		1,038,240
CMS Energy Corp., 5.875%		50,000		1,262,500
DTE Energy Company, 5.250%		27,900		668,763
NiSource, Inc. (6.500% to 3-15-24, then 5 Year CMT + 3.632%)		20,000		508,000
				3,477,503
				6,404,553
TOTAL PREFERRED SECURITIES (Cost $18,400,764)			$	17,588,246
CORPORATE BONDS - 11.5%
Communication services - 4.1%
CCO Holdings LLC
4.000%, 03/01/2023 (D)	$	416,000		414,440
5.000%, 02/01/2028 (D)		2,095,000		2,103,401
5.125%, 05/01/2023 to 05/01/2027 (D)		1,741,000		1,753,676
5.250%, 09/30/2022		505,000		496,163
5.875%, 04/01/2024 (D)		550,000		562,375
Charter Communications Operating LLC 3.579%, 07/23/2020		150,000		149,534
Level 3 Financing, Inc. 5.375%, 08/15/2022		336,000		337,680
Netflix, Inc.
4.375%, 11/15/2026		1,260,000		1,263,150
4.875%, 04/15/2028		2,270,000		2,315,400
5.375%, 02/01/2021		25,000		25,188
5.500%, 02/15/2022		60,000		61,050
5.875%, 02/15/2025 to 11/15/2028		2,970,000		3,172,230
6.375%, 05/15/2029		1,315,000		1,433,350
Sirius XM Radio, Inc. 4.625%, 05/15/2023 (D)		85,000		84,149
T-Mobile USA, Inc.
6.000%, 03/01/2023		165,000		165,909

 

28

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
T-Mobile USA, Inc. (continued)
6.500%, 01/15/2026	$	80,000	$	84,000
				14,421,695
Consumer discretionary - 2.2%
Cedar Fair LP 5.375%, 06/01/2024 to 04/15/2027		1,155,000		1,015,940
Dollar Tree, Inc. (3 month LIBOR + 0.700%) 2.536%, 04/17/2020 (E)		45,000		44,990
Hilton Domestic Operating Company, Inc. 4.250%, 09/01/2024		205,000		191,675
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC
4.750%, 06/01/2027 (D)		1,642,000		1,543,480
5.000%, 06/01/2024 (D)		567,000		555,660
5.250%, 06/01/2026 (D)		1,135,000		1,133,411
Marriott International, Inc. (3 month LIBOR + 0.650%) 1.649%, 03/08/2021 (E)		135,000		115,402
Service Corp. International 5.375%, 05/15/2024		250,000		254,375
Six Flags Entertainment Corp.
4.875%, 07/31/2024 (D)		170,000		144,075
5.500%, 04/15/2027 (D)		65,000		54,763
Yum! Brands, Inc.
3.750%, 11/01/2021		950,000		902,595
3.875%, 11/01/2020 to 11/01/2023		967,000		928,295
5.350%, 11/01/2043		579,000		492,150
6.875%, 11/15/2037		367,000		350,261
				7,727,072
Consumer staples - 0.4%
Conagra Brands, Inc. (3 month LIBOR + 0.750%) 2.552%, 10/22/2020 (E)		69,000		68,270
Reckitt Benckiser Treasury Services PLC 2.375%, 06/24/2022 (D)		800,000		785,202
Reckitt Benckiser Treasury Services PLC (3 month LIBOR + 0.560%) 1.764%, 06/24/2022 (D)(E)		640,000		617,251
				1,470,723
Energy - 0.0%
NuStar Logistics LP 4.800%, 09/01/2020		175,000		152,250
Financials - 0.9%
HUB International, Ltd. 7.000%, 05/01/2026 (D)		25,000		24,750
Refinitiv US Holdings, Inc.
6.250%, 05/15/2026 (D)		550,000		567,875
8.250%, 11/15/2026 (D)		610,000		643,550
State Street Corp. (5.250% to 9-15-20, then 3 month LIBOR + 3.597%) 09/15/2020 (F)		435,000		408,900
The Bank of New York Mellon Corp. (4.625% to 9-20-26, then 3 month LIBOR + 3.131%) 09/20/2026 (F)		295,000		266,238
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		391,500

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The PNC Financial Services Group, Inc. (5.000% to 11-1-26, then 3 month LIBOR + 3.300%) 11/01/2026 (C)(F)	$	500,000	$	472,500
U.S. Bancorp (5.300% to 4-15-27, then 3 month LIBOR + 2.914%) 04/15/2027 (C)(F)		310,000		297,600
USI, Inc. 6.875%, 05/01/2025 (D)		30,000		27,900
				3,100,813
Health care - 1.2%
Avantor, Inc.
6.000%, 10/01/2024 (D)		85,000		89,055
9.000%, 10/01/2025 (D)		1,990,000		2,094,873
Becton, Dickinson and Company 2.894%, 06/06/2022		146,000		146,120
Becton, Dickinson and Company (3 month LIBOR + 1.030%) 2.031%, 06/06/2022 (E)		400,000		374,116
Elanco Animal Health, Inc. 4.662%, 08/27/2021		416,000		413,814
Fresenius Medical Care US Finance, Inc. 5.750%, 02/15/2021 (D)		75,000		76,913
Hologic, Inc. 4.375%, 10/15/2025 (D)		257,000		254,505
Teleflex, Inc.
4.625%, 11/15/2027		285,000		284,687
4.875%, 06/01/2026		331,000		322,725
				4,056,808
Industrials - 1.0%
Continental Airlines 2012-1 Class A Pass Through Trust 4.150%, 04/11/2024		170,020		164,866
General Electric Company (5.000% to 1-21-21, then 3 month LIBOR + 3.330%) 01/21/2021 (F)		1,990,000		1,641,750
Korn Ferry 4.625%, 12/15/2027 (D)		90,000		78,188
Lennox International, Inc. 3.000%, 11/15/2023		90,000		88,971
Sensata Technologies BV
4.875%, 10/15/2023 (D)		110,000		104,500
5.000%, 10/01/2025 (D)		325,000		307,938
5.625%, 11/01/2024 (D)		90,000		87,750
Sensata Technologies UK Financing Company PLC 6.250%, 02/15/2026 (D)		200,000		196,000
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		115,068		115,665
US Airways 2012-2 Class A Pass Through Trust 4.625%, 06/03/2025		14,752		14,334
US Airways 2012-2 Class B Pass Through Trust 6.750%, 06/03/2021		50,564		49,806
US Airways 2013-1 Class A Pass Through Trust 3.950%, 11/15/2025 (C)		163,090		155,885
US Airways 2013-1 Class B Pass Through Trust 5.375%, 11/15/2021		53,858		52,103
Welbilt, Inc. 9.500%, 02/15/2024		342,000		290,700

 

29

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Xylem, Inc.
3.250%, 11/01/2026	$	65,000	$	68,806
4.875%, 10/01/2021 (C)		60,000		61,734
				3,478,996
Information technology - 0.8%
Amphenol Corp. 2.200%, 04/01/2020		285,000		285,000
Fiserv, Inc. 2.700%, 06/01/2020		580,000		578,194
Solera LLC 10.500%, 03/01/2024 (D)		2,115,000		2,072,700
				2,935,894
Materials - 0.2%
Reynolds Group Issuer, Inc. 5.125%, 07/15/2023 (D)		440,000		436,696
Reynolds Group Issuer, Inc. (3 month LIBOR + 3.500%) 5.331%, 07/15/2021 (D)(E)		195,000		190,125
				626,821
Real estate - 0.2%
SBA Communications Corp.
3.875%, 02/15/2027 (D)		195,000		195,488
4.000%, 10/01/2022		550,000		549,835
				745,323
Utilities - 0.5%
Eversource Energy
2.750%, 03/15/2022		275,000		278,900
3.800%, 12/01/2023		125,000		136,868
NiSource, Inc.
3.490%, 05/15/2027		520,000		526,127
4.375%, 05/15/2047		430,000		436,081
NiSource, Inc. (5.650% to 6-15-23, then 5 Year CMT + 2.843%) 06/15/2023 (F)		575,000		511,750
				1,889,726
TOTAL CORPORATE BONDS (Cost $41,307,432)			$	40,606,121
TERM LOANS (G) – 5.8%
Communication services – 0.1%
Formula One Management, Ltd., 2018 USD Term Loan (1 month LIBOR + 2.500%) 3.500%, 02/01/2024		425,000		377,341
Consumer staples – 0.1%
Prestige Brands, Inc., Term Loan B4 (1 month LIBOR + 2.000%) 2.989%, 01/26/2024		27,916		25,842
Sunshine Luxembourg VII Sarl, USD Term Loan B1 (6 month LIBOR + 4.250%) 5.322%, 10/01/2026		478,800		428,047
				453,889
Financials – 3.6%
AmWINS Group, Inc., 2017 Term Loan B (1 month LIBOR + 2.750%) 3.753%, 01/25/2024		114,408		105,398
HUB International, Ltd., 2018 Term Loan B (2 month LIBOR + 2.750%) 4.543%, 04/25/2025		4,964,955		4,612,443
HUB International, Ltd., 2019 Incremental Term Loan B (3 month LIBOR + 4.000%) 5.692%, 04/25/2025		1,147,213		1,075,512

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 + 3.250%) 4.239%, 10/01/2025	$	6,820,403	$	6,519,146
USI, Inc., 2017 Repriced Term Loan (3 month LIBOR + 3.000%) 3.989%, 05/16/2024		473,722		431,087
				12,743,586
Health care – 0.6%
CPI Holdco LLC, 2019 Term Loan (3 month LIBOR + 4.250%) 5.700%, 11/04/2026		100,000		86,000
Loire Finco Luxembourg Sarl, Term Loan B TBD 01/22/2027 (H)		1,165,000		1,001,900
NVA Holdings, Inc., 2019 Term Loan A3 (1 month LIBOR + 2.250%) 3.239%, 09/24/2022		850,000		846,813
				1,934,713
Information technology – 1.3%
CCC Information Services, Inc., 2017 1st Lien Term Loan (1 month LIBOR + 2.750%) 3.750%, 04/29/2024		1,740,212		1,578,616
Emerald TopCo, Inc., Term Loan (1 month LIBOR + 3.500%) 4.489%, 07/24/2026		422,875		384,816
Gartner, Inc., 2016 Term Loan A (1 month LIBOR + 1.500%) 2.489%, 03/20/2022		93,147		88,490
Kronos, Inc., 2017 Term Loan B (3 month LIBOR + 3.000%) 4.763%, 11/01/2023		2,724,860		2,473,383
The Ultimate Software Group, Inc., Term Loan B (1 month LIBOR + 3.750%) 4.739%, 05/04/2026		164,175		152,409
				4,677,714
Materials – 0.1%
HB Fuller Company, 2017 Term Loan B (1 month LIBOR + 2.000%) 2.773%, 10/20/2024		201,065		173,294
TOTAL TERM LOANS (Cost $21,915,050)			$	20,360,537
ASSET BACKED SECURITIES - 0.4%
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (D)		508,300		492,095
Domino's Pizza Master Issuer LLC Series 2018-1A, Class A2I 4.116%, 07/25/2048 (D)		482,650		466,008
Domino's Pizza Master Issuer LLC Series 2019-1A, Class A2 3.668%, 10/25/2049 (D)		214,463		191,262
Wendy's Funding LLC Series 2018-1A, Class A2I 3.573%, 03/15/2048 (D)		325,508		297,071
TOTAL ASSET BACKED SECURITIES (Cost $1,518,593)			$	1,446,436
SHORT-TERM INVESTMENTS – 10.3%
Short-term funds – 9.3%
John Hancock Collateral Trust, 1.1260% (I)(J)		697,307		6,971,323

 

30

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Short-term funds (continued)
T. Rowe Price Government Reserve Fund, 0.9288% (I)		25,960,382	$	25,960,382
				32,931,705
Repurchase agreement – 1.0%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $3,358,000 on 4-1-20, collateralized by $3,270,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $3,429,285)	$	3,358,000		3,358,000
TOTAL SHORT-TERM INVESTMENTS (Cost $36,289,242)			$	36,289,705
Total Investments (Capital Appreciation Value Trust) (Cost $364,102,593) – 101.4%			$	356,985,678
Other assets and liabilities, net – (1.4%)				(4,838,767)
TOTAL NET ASSETS – 100.0%			$	352,146,911

Security Abbreviations and Legend
CMT	Constant Maturity Treasury

Capital Appreciation Value Trust (continued)

LIBOR	London Interbank Offered Rate
(A)	Non-income producing security.
(B)	All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(C)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $6,788,493.
(D)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(E)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(F)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(H)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(I)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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
CITI	Alphabet, Inc., Class C	USD	1,500.00	Jan 2021	2	200	$16,014	$(5,087)
CITI	Alphabet, Inc., Class C	USD	1,500.00	Jan 2021	2	200	15,094	(5,087)
CITI	Alphabet, Inc., Class C	USD	1,500.00	Jan 2021	2	200	14,774	(5,087)
CITI	Alphabet, Inc., Class C	USD	1,500.00	Jan 2021	1	100	6,377	(2,543)
GSI	Alphabet, Inc., Class C	USD	1,740.00	Jan 2021	1	100	4,717	(523)
GSI	Alphabet, Inc., Class C	USD	1,740.00	Jan 2021	1	100	4,687	(523)
GSI	Alphabet, Inc., Class C	USD	1,740.00	Jan 2021	1	100	4,427	(523)
GSI	Alphabet, Inc., Class C	USD	1,760.00	Jan 2021	1	100	4,247	(453)
GSI	Alphabet, Inc., Class C	USD	1,760.00	Jan 2021	1	100	4,227	(453)
GSI	Alphabet, Inc., Class C	USD	1,760.00	Jan 2021	1	100	3,997	(453)
GSI	Alphabet, Inc., Class C	USD	1,780.00	Jan 2021	1	100	3,827	(392)
GSI	Alphabet, Inc., Class C	USD	1,780.00	Jan 2021	1	100	3,827	(392)
GSI	Alphabet, Inc., Class C	USD	1,780.00	Jan 2021	1	100	3,587	(392)
GSI	Alphabet, Inc., Class C	USD	1,800.00	Jan 2021	1	100	3,447	(338)
GSI	Alphabet, Inc., Class C	USD	1,800.00	Jan 2021	1	100	3,437	(338)
GSI	Alphabet, Inc., Class C	USD	1,800.00	Jan 2021	1	100	3,217	(338)
CITI	American Electric Power Company, Inc.	USD	105.00	Jan 2021	56	5,600	8,792	(6,850)
CITI	American Electric Power Company, Inc.	USD	105.00	Jan 2021	55	5,500	8,635	(6,727)
CITI	American Electric Power Company, Inc.	USD	115.00	Jan 2021	33	3,300	5,825	(1,767)
GSI	Aptiv PLC	USD	97.00	Jan 2021	12	1,200	6,671	(1,067)
GSI	Aptiv PLC	USD	97.50	Jan 2021	12	1,200	8,010	(1,067)
GSI	Aptiv PLC	USD	100.00	Jan 2021	13	1,300	6,189	(1,006)
GSI	Aptiv PLC	USD	100.00	Jan 2021	12	1,200	6,907	(929)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2021	4	400	3,743	(1,584)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2021	10	1,000	9,138	(3,959)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2021	14	1,400	13,990	(5,543)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2021	12	1,200	14,557	(4,751)
JPM	Danaher Corp.	USD	185.00	Jan 2021	20	2,000	9,463	(9,970)
JPM	Danaher Corp.	USD	190.00	Jan 2021	19	1,900	6,437	(8,018)
JPM	Facebook, Inc., Class A	USD	265.00	Jan 2021	11	1,100	11,022	(594)
JPM	Facebook, Inc., Class A	USD	265.00	Jan 2021	9	900	8,928	(486)
JPM	Facebook, Inc., Class A	USD	270.00	Jan 2021	11	1,100	9,757	(454)
JPM	Facebook, Inc., Class A	USD	270.00	Jan 2021	9	900	7,893	(372)
JPM	Facebook, Inc., Class A	USD	275.00	Jan 2021	11	1,100	8,602	(345)

31

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
JPM	Facebook, Inc., Class A	USD	275.00	Jan 2021	9	900	$6,903	$(282)
JPM	General Electric Company	USD	15.00	Jan 2021	347	34,700	18,044	(6,687)
JPM	General Electric Company	USD	15.00	Jan 2021	347	34,700	19,612	(6,687)
JPM	General Electric Company	USD	15.00	Jan 2021	684	68,400	57,559	(13,182)
JPM	General Electric Company	USD	15.00	Jan 2021	342	34,200	29,200	(6,591)
JPM	General Electric Company	USD	15.00	Jan 2021	205	20,500	17,888	(3,951)
CITI	Hilton Worldwide Holdings, Inc.	USD	125.00	Jan 2021	9	900	4,868	(3,091)
CITI	Hilton Worldwide Holdings, Inc.	USD	130.00	Jan 2021	9	900	3,528	(2,759)
CITI	Microsoft Corp.	USD	165.00	Jan 2021	40	4,000	50,890	(60,859)
CSFB	Microsoft Corp.	USD	165.00	Jan 2021	70	7,000	47,257	(106,504)
CSFB	Microsoft Corp.	USD	165.00	Jan 2021	67	6,700	46,364	(101,939)
CITI	Microsoft Corp.	USD	170.00	Jan 2021	40	4,000	43,089	(52,043)
JPM	Microsoft Corp.	USD	170.00	Jan 2021	102	10,200	110,874	(132,710)
JPM	Microsoft Corp.	USD	170.00	Jan 2021	55	5,500	58,482	(71,559)
CSFB	NextEra Energy, Inc.	USD	310.00	Jan 2021	8	800	6,708	(3,658)
CSFB	NextEra Energy, Inc.	USD	320.00	Jan 2021	7	700	4,157	(2,327)
CSFB	NXP Semiconductors NV	USD	140.00	Jan 2021	23	2,300	17,038	(4,528)
CSFB	NXP Semiconductors NV	USD	140.00	Jan 2021	10	1,000	7,002	(1,969)
CSFB	NXP Semiconductors NV	USD	140.00	Jan 2021	54	5,400	40,910	(10,632)
GSI	Roper Technologies, Inc.	USD	430.00	Aug 2020	6	600	4,551	(1,205)
RBC	Thermo Fisher Scientific, Inc.	USD	370.00	Jan 2021	6	600	8,435	(4,571)
RBC	Thermo Fisher Scientific, Inc.	USD	390.00	Jan 2021	7	700	5,797	(3,581)
RBC	Thermo Fisher Scientific, Inc.	USD	400.00	Jan 2021	10	1,000	7,797	(4,169)
RBC	Thermo Fisher Scientific, Inc.	USD	400.00	Jan 2021	18	1,800	12,731	(7,504)
RBC	Thermo Fisher Scientific, Inc.	USD	400.00	Jan 2021	4	400	2,838	(1,668)
RBC	Thermo Fisher Scientific, Inc.	USD	400.00	Jan 2021	2	200	1,859	(834)
CSFB	Visa, Inc., Class A	USD	230.00	Jan 2021	28	2,800	21,832	(9,168)
CSFB	Visa, Inc., Class A	USD	230.00	Jan 2021	17	1,700	12,087	(5,566)
GSI	Visa, Inc., Class A	USD	230.00	Jan 2021	7	700	6,599	(2,292)
GSI	Visa, Inc., Class A	USD	230.00	Jan 2021	8	800	8,185	(2,619)
CSFB	Visa, Inc., Class A	USD	235.00	Jan 2021	28	2,800	17,746	(7,945)
CSFB	Visa, Inc., Class A	USD	235.00	Jan 2021	17	1,700	9,832	(4,819)
CSFB	Visa, Inc., Class A	USD	240.00	Jan 2021	28	2,800	14,361	(6,896)
CSFB	Visa, Inc., Class A	USD	240.00	Jan 2021	17	1,700	7,903	(4,187)
GSI	Visa, Inc., Class A	USD	240.00	Jan 2021	7	700	4,472	(1,724)
GSI	Visa, Inc., Class A	USD	240.00	Jan 2021	9	900	6,333	(2,217)
CSFB	Xcel Energy, Inc.	USD	60.00	Oct 2020	24	2,400	9,730	(14,853)
CSFB	Xcel Energy, Inc.	USD	65.00	Oct 2020	25	2,500	5,078	(9,715)
							$1,013,001	$(765,902)

Derivatives Currency Abbreviations
USD	U.S. Dollar

Derivatives Abbreviations
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 – 51.6%
U.S. Government – 10.7%
U.S. Treasury Bonds
2.000%, 02/15/2050	$	14,479,000	$	16,816,567
2.250%, 08/15/2046		3,117,000		3,752,089
2.375%, 11/15/2049		4,311,000		5,380,667
2.500%, 02/15/2045 to 05/15/2046		15,851,000		19,850,282
2.750%, 11/15/2042		3,979,000		5,140,060

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%, 05/15/2043	$	2,089,000	$	2,752,747
3.000%, 05/15/2045		1,561,000		2,123,326
3.125%, 08/15/2044		14,295,000		19,706,439
U.S. Treasury Notes
0.375%, 03/31/2022		2,857,000		2,864,589

 

32

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 Notes (continued)
0.500%, 03/15/2023 to 03/31/2025	$	8,278,000	$	8,330,127
0.875%, 03/31/2027		1,070,000		1,075,893
1.125%, 02/28/2022		712,000		723,987
1.250%, 02/28/2025		1,894,000		1,964,359
1.625%, 02/15/2030		5,735,000		6,182,599
2.875%, 11/30/2025		5,092,000		5,777,232
				102,440,963
U.S. Government Agency – 40.9%
Federal Home Loan Mortgage Corp.
2.500%, 11/01/2027 to 03/01/2050		3,266,303		3,403,621
3.000%, 12/01/2049 to 03/01/2050		5,152,639		5,433,759
3.500%, 02/01/2048 to 01/01/2050		17,164,605		18,331,973
4.000%, 01/01/2035 to 11/01/2049		42,267,903		45,900,545
4.500%, 06/01/2039 to 04/01/2049		8,465,012		9,187,553
5.000%, 09/01/2048		1,268,226		1,380,682
Federal National Mortgage Association
2.000%, TBA (A)		11,600,000		11,911,402
2.500%, TBA (A)		7,100,000		7,355,120
2.500%, 11/01/2028 to 08/01/2031		1,567,220		1,633,418
2.611%, (12 month LIBOR + 1.587%), 11/01/2045 (B)		287,914		293,165
2.619%, (12 month LIBOR + 1.581%), 05/01/2045 (B)		738,040		750,281
2.661%, (12 month LIBOR + 1.586%), 01/01/2046 (B)		3,367,219		3,425,212
2.746%, (12 month LIBOR + 1.578%), 06/01/2045 (B)		930,173		946,703
2.961%, (12 month LIBOR + 1.598%), 08/01/2047 (B)		650,302		671,379
3.000%, TBA (A)		1,600,000		1,673,662
3.000%, 12/01/2034 to 02/01/2050		3,393,645		3,600,127
3.090%, (12 month LIBOR + 1.620%), 03/01/2047 (B)		964,144		997,508
3.500%, TBA (A)		1,400,000		1,480,759
3.500%, 05/01/2049 to 03/01/2050		18,679,664		19,940,249
4.000%, 07/01/2033 to 01/01/2059		94,192,993		102,318,125
4.500%, 05/01/2034 to 01/01/2059		31,679,998		34,774,425
5.000%, 07/01/2044 to 11/01/2049		34,868,788		38,425,242
5.500%, 12/01/2048 to 06/01/2049		4,509,375		5,084,633
Government National Mortgage Association
2.500%, TBA (A)		1,800,000		1,881,825
3.000%, TBA (A)		3,100,000		3,275,892
3.000%, 02/20/2050 to 03/20/2050		4,708,485		4,997,665
3.500%, 01/20/2048 to 08/20/2049		3,084,470		3,311,318
4.000%, 04/20/2047 to 07/20/2049		31,508,832		33,797,651
4.500%, 08/15/2047 to 05/20/2049		9,401,282		10,129,434
5.000%, 12/20/2039 to 09/20/2049		14,079,993		15,123,506
				391,436,834
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $482,111,862)			$	493,877,797
FOREIGN GOVERNMENT OBLIGATIONS – 1.0%
Israel – 0.2%
Government of Israel
2.750%, 07/03/2030		818,000		818,000
3.875%, 07/03/2050		632,000		632,000
State of Israel
3.375%, 01/15/2050		303,000		293,910
4.500%, 04/03/2120		337,000		337,000
				2,080,910

Core Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Japan – 0.1%
Japan Bank for International Cooperation 1.750%, 10/17/2024	$	1,016,000	$	1,049,979
Mexico – 0.4%
Government of Mexico
3.250%, 04/16/2030		1,635,000		1,532,813
4.500%, 04/22/2029		2,113,000		2,165,846
4.600%, 02/10/2048 (C)		387,000		388,358
4.750%, 03/08/2044		88,000		89,100
				4,176,117
Panama – 0.1%
Republic of Panama 4.500%, 04/01/2056		749,000		810,793
Paraguay – 0.1%
Republic of Paraguay 5.400%, 03/30/2050 (D)		1,017,000		1,017,010
Sweden – 0.0%
Kingdom of Sweden 0.750%, 03/30/2022		361,000		361,245
United Arab Emirates – 0.1%
Abu Dhabi Government 2.125%, 09/30/2024 (D)		582,000		573,852
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $10,236,520)			$	10,069,906
CORPORATE BONDS – 30.1%
Communication services – 2.7%
AT&T, Inc.
3.000%, 02/15/2022 to 06/30/2022		1,299,000		1,309,908
3.400%, 05/15/2025		1,257,000		1,300,117
3.600%, 02/17/2023 (C)		601,000		618,699
3.800%, 02/15/2027		255,000		264,945
3.875%, 08/15/2021 (C)		480,000		491,412
3.900%, 03/11/2024		358,000		375,367
4.300%, 02/15/2030		222,000		238,943
4.500%, 03/09/2048		462,000		501,390
4.850%, 03/01/2039		314,000		355,271
5.150%, 02/15/2050		757,000		904,599
5.250%, 03/01/2037		199,000		231,680
5.350%, 12/15/2043		167,000		197,271
5.375%, 10/15/2041		251,000		286,308
Charter Communications Operating LLC
4.464%, 07/23/2022		307,000		317,101
4.800%, 03/01/2050		425,000		442,820
5.375%, 05/01/2047		271,000		292,839
Comcast Corp.
2.650%, 02/01/2030		954,000		982,604
3.100%, 04/01/2025		663,000		701,015
3.300%, 04/01/2027		497,000		529,150
3.400%, 04/01/2030		634,000		686,860
3.700%, 04/15/2024		628,000		674,037
3.750%, 04/01/2040		171,000		188,988
3.950%, 10/15/2025		568,000		625,366
4.150%, 10/15/2028		320,000		364,301
4.600%, 10/15/2038		795,000		990,481
4.950%, 10/15/2058		238,000		328,692
The Walt Disney Company
1.750%, 08/30/2024		954,000		959,651
2.000%, 09/01/2029		636,000		620,433
2.750%, 09/01/2049		154,000		152,074
3.350%, 03/24/2025		1,095,000		1,194,030
3.700%, 03/23/2027		405,000		447,850
3.800%, 03/22/2030 (C)		507,000		570,061
4.625%, 03/23/2040		174,000		211,165
4.700%, 03/23/2050		106,000		137,286

 

33

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Time Warner Cable LLC 6.550%, 05/01/2037	$	222,000	$	249,267
Verizon Communications, Inc.
3.000%, 03/22/2027 (C)		808,000		850,285
3.150%, 03/22/2030 (C)		379,000		407,567
3.500%, 11/01/2024		368,000		391,454
4.016%, 12/03/2029 (C)		958,000		1,080,076
4.125%, 08/15/2046		5,000		5,790
4.272%, 01/15/2036		148,000		172,903
4.329%, 09/21/2028		858,000		988,759
4.400%, 11/01/2034 (C)		680,000		796,107
4.522%, 09/15/2048		563,000		710,692
5.500%, 03/16/2047		45,000		61,690
ViacomCBS, Inc.
4.375%, 03/15/2043		101,000		89,609
4.600%, 01/15/2045		65,000		56,285
4.750%, 05/15/2025		535,000		533,067
5.850%, 09/01/2043		228,000		233,847
Vodafone Group PLC 4.250%, 09/17/2050		929,000		946,066
				26,066,178
Consumer discretionary – 1.6%
Daimler Finance North America LLC 2.125%, 03/10/2025 (D)		1,020,000		938,719
Ford Motor Company
4.346%, 12/08/2026		18,000		13,860
4.750%, 01/15/2043		579,000		328,583
Ford Motor Credit Company LLC
4.063%, 11/01/2024		1,102,000		1,000,065
4.271%, 01/09/2027		322,000		274,505
General Motors Company
5.400%, 04/01/2048		483,000		352,105
5.950%, 04/01/2049		568,000		420,034
General Motors Financial Company, Inc.
2.900%, 02/26/2025		401,000		346,589
3.950%, 04/13/2024		86,000		77,944
Lowe's Companies, Inc.
4.000%, 04/15/2025		356,000		380,562
4.500%, 04/15/2030		1,000,000		1,103,351
5.000%, 04/15/2040		397,000		449,261
5.125%, 04/15/2050		666,000		802,221
McDonald's Corp.
1.450%, 09/01/2025		649,000		616,580
2.125%, 03/01/2030		92,000		85,714
2.625%, 09/01/2029		512,000		493,281
NIKE, Inc.
2.400%, 03/27/2025		485,000		502,760
2.750%, 03/27/2027		324,000		338,569
2.850%, 03/27/2030		315,000		332,961
3.375%, 03/27/2050		226,000		247,676
O'Reilly Automotive, Inc. 4.200%, 04/01/2030		676,000		700,071
Starbucks Corp.
2.000%, 03/12/2027		319,000		301,181
2.250%, 03/12/2030		319,000		297,656
3.750%, 12/01/2047		152,000		146,530
Target Corp.
2.250%, 04/15/2025		936,000		950,261
2.350%, 02/15/2030		964,000		970,786
2.650%, 09/15/2030		234,000		239,594
The Home Depot, Inc.
2.500%, 04/15/2027		401,000		405,000
2.700%, 04/15/2030		502,000		511,606
2.950%, 06/15/2029		62,000		64,142
3.125%, 12/15/2049		1,076,000		1,081,060

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Toyota Motor Credit Corp. 2.150%, 02/13/2030	$	644,000	$	597,959
				15,371,186
Consumer staples – 2.0%
Altria Group, Inc. 4.800%, 02/14/2029		149,000		155,903
Anheuser-Busch Companies LLC
4.700%, 02/01/2036		589,000		615,278
4.900%, 02/01/2046		99,000		108,059
Anheuser-Busch InBev Worldwide, Inc.
4.150%, 01/23/2025		684,000		737,817
4.600%, 04/15/2048		434,000		459,748
BAT Capital Corp.
3.215%, 09/06/2026		341,000		324,251
3.222%, 08/15/2024		828,000		831,647
3.557%, 08/15/2027		1,004,000		945,601
4.390%, 08/15/2037		52,000		48,179
4.540%, 08/15/2047		214,000		195,290
4.700%, 04/02/2027		691,000		704,663
4.906%, 04/02/2030		517,000		530,330
5.282%, 04/02/2050		225,000		225,772
Constellation Brands, Inc.
3.150%, 08/01/2029		456,000		425,149
3.200%, 02/15/2023		169,000		168,560
3.500%, 05/09/2027 (C)		225,000		211,237
3.600%, 02/15/2028		498,000		487,286
3.700%, 12/06/2026		267,000		266,802
4.400%, 11/15/2025		52,000		52,459
Danone SA 2.947%, 11/02/2026 (D)		1,946,000		1,943,233
General Mills, Inc. 2.875%, 04/15/2030		496,000		494,835
Kimberly-Clark Corp. 3.100%, 03/26/2030		163,000		175,034
PepsiCo, Inc.
2.250%, 03/19/2025		614,000		637,386
2.625%, 03/19/2027		313,000		326,989
3.625%, 03/19/2050		563,000		668,114
Reynolds American, Inc. 5.850%, 08/15/2045		355,000		381,742
Sysco Corp.
5.950%, 04/01/2030		340,000		358,016
6.600%, 04/01/2050		340,000		369,444
The Coca-Cola Company
2.950%, 03/25/2025		822,000		879,386
3.375%, 03/25/2027		492,000		543,192
The Estee Lauder Companies, Inc.
2.375%, 12/01/2029		164,000		159,095
3.125%, 12/01/2049		119,000		115,575
The Hershey Company 2.050%, 11/15/2024		664,000		661,369
The Procter & Gamble Company
2.800%, 03/25/2027		500,000		545,227
3.000%, 03/25/2030		708,000		785,908
3.550%, 03/25/2040		105,000		122,458
3.600%, 03/25/2050		177,000		218,330
Walmart, Inc.
3.050%, 07/08/2026		305,000		329,152
3.250%, 07/08/2029		84,000		92,405
3.550%, 06/26/2025		674,000		735,756
3.700%, 06/26/2028		942,000		1,059,003
4.050%, 06/29/2048		8,000		10,287
				19,105,967

 

34

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy – 2.0%
BP Capital Markets America, Inc.
3.000%, 02/24/2050	$	167,000	$	155,260
3.796%, 09/21/2025		631,000		648,387
3.937%, 09/21/2028		219,000		234,819
Canadian Natural Resources, Ltd. 3.900%, 02/01/2025		216,000		182,424
Cimarex Energy Company 4.375%, 03/15/2029 (C)		483,000		323,705
Devon Energy Corp.
5.600%, 07/15/2041		519,000		319,599
5.850%, 12/15/2025		1,167,000		928,762
Ecopetrol SA 5.875%, 05/28/2045		247,000		218,844
Enbridge, Inc.
2.500%, 01/15/2025		1,651,000		1,535,266
3.125%, 11/15/2029		1,183,000		1,093,277
Energy Transfer Operating LP
3.750%, 05/15/2030		450,000		352,460
6.050%, 06/01/2041		163,000		142,178
6.125%, 12/15/2045		150,000		124,552
Enterprise Products Operating LLC
2.800%, 01/31/2030		520,000		472,483
3.125%, 07/31/2029		440,000		405,345
3.700%, 01/31/2051 (C)		304,000		271,281
3.950%, 01/31/2060		336,000		282,766
4.200%, 01/31/2050		131,000		122,662
Equinor ASA 3.250%, 11/18/2049		462,000		454,950
Hess Corp.
6.000%, 01/15/2040		468,000		337,294
7.125%, 03/15/2033		123,000		98,949
Marathon Petroleum Corp.
3.625%, 09/15/2024		856,000		759,032
4.500%, 04/01/2048		310,000		237,685
4.750%, 12/15/2023		260,000		246,177
MPLX LP
4.250%, 12/01/2027 (D)		307,000		265,591
5.200%, 12/01/2047 (D)		138,000		115,512
5.500%, 02/15/2049		135,000		113,973
Noble Energy, Inc.
4.200%, 10/15/2049		457,000		246,666
4.950%, 08/15/2047		703,000		425,604
5.050%, 11/15/2044		455,000		281,039
Ovintiv, Inc.
6.500%, 02/01/2038		325,000		141,259
6.625%, 08/15/2037		183,000		79,434
Petroleos Mexicanos
2.378%, 04/15/2025		756,250		775,321
2.460%, 12/15/2025		1,944,600		2,000,545
5.950%, 01/28/2031 (D)		256,000		176,026
6.350%, 02/12/2048		1,373,000		858,125
6.950%, 01/28/2060 (D)		48,000		32,026
Plains All American Pipeline LP
3.550%, 12/15/2029		720,000		491,912
4.900%, 02/15/2045		150,000		101,256
Schlumberger Finance Canada, Ltd. 2.650%, 11/20/2022 (D)		328,000		313,929
Shell International Finance BV 2.000%, 11/07/2024 (C)		589,000		585,514
Sunoco Logistics Partners Operations LP
5.300%, 04/01/2044		437,000		363,858
5.350%, 05/15/2045		45,000		35,358
Tennessee Gas Pipeline Company LLC 2.900%, 03/01/2030 (D)		819,000		692,632

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
The Williams Companies, Inc. 3.900%, 01/15/2025	$	228,000	$	204,439
TransCanada PipeLines, Ltd.
4.250%, 05/15/2028		523,000		534,245
4.625%, 03/01/2034		228,000		216,654
Western Midstream Operating LP
3.100%, 02/01/2025		711,000		371,957
4.050%, 02/01/2030		204,000		89,786
5.250%, 02/01/2050		286,000		117,299
				19,578,117
Financials – 8.6%
Aflac, Inc. 3.600%, 04/01/2030		502,000		508,179
American Financial Group, Inc. 5.250%, 04/02/2030		836,000		813,239
American International Group, Inc.
4.200%, 04/01/2028 (C)		487,000		511,060
4.250%, 03/15/2029		318,000		332,351
4.500%, 07/16/2044		434,000		443,614
4.750%, 04/01/2048		673,000		711,160
Ameriprise Financial, Inc. 3.000%, 04/02/2025		542,000		539,707
Asian Development Bank 0.625%, 04/07/2022		2,883,000		2,880,376
Athene Holding, Ltd. 6.150%, 04/03/2030		1,006,000		1,004,068
Bank of America Corp.
4.125%, 01/22/2024		116,000		123,672
4.183%, 11/25/2027		919,000		950,153
Bank of America Corp. (2.456% to 10-22-24, then 3 month LIBOR + 0.870%) 10/22/2025		1,976,000		1,992,718
Bank of America Corp. (2.884% to 10-22-29, then 3 month LIBOR + 1.190%) 10/22/2030		1,464,000		1,461,937
Bank of America Corp. (3.004% to 12-20-22, then 3 month LIBOR + 0.790%) 12/20/2023		1,721,000		1,753,163
Bank of America Corp. (3.093% to 10-1-24, then 3 month LIBOR + 1.090%) 10/01/2025		1,549,000		1,580,514
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		2,218,000		2,290,135
Bank of America Corp. (3.559% to 4-23-26, then 3 month LIBOR + 1.060%) 04/23/2027		121,000		126,645
Bank of America Corp. (4.271% to 7-23-28, then 3 month LIBOR + 1.310%) 07/23/2029		1,635,000		1,774,383
Banque Federative du Credit Mutuel SA 2.375%, 11/21/2024 (D)		907,000		888,120
Barclays PLC (5.088% to 6-20-29, then 3 month LIBOR + 3.054%) 06/20/2030		962,000		996,687
BNP Paribas SA (2.819% to 11-19-24, then 3 month LIBOR + 1.111%) 11/19/2025 (D)		1,982,000		1,958,087
BNP Paribas SA (3.052% to 1-13-30, then SOFR + 1.507%) 01/13/2031 (D)		1,552,000		1,470,659
Brighthouse Financial, Inc. 4.700%, 06/22/2047		364,000		291,876
Canadian Imperial Bank of Commerce 2.250%, 01/28/2025		1,320,000		1,304,597

 

35

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (2.976% to 11-5-29, then SOFR + 1.422%) 11/05/2030	$	926,000	$	917,493
Citigroup, Inc. (3.352% to 4-24-24, then 3 month LIBOR + 0.897%) 04/24/2025		617,000		635,320
Citigroup, Inc. (4.412% to 3-31-30, then SOFR + 3.914%) 03/31/2031		2,078,000		2,286,375
Commonwealth Bank of Australia 3.743%, 09/12/2039 (D)		306,000		258,337
Commonwealth Bank of Australia (3.610% to 9-12-29, then 5 Year CMT + 2.050%) 09/12/2034 (D)		764,000		692,111
Credit Agricole SA 2.375%, 01/22/2025 (D)		1,390,000		1,360,328
Credit Suisse Group AG (4.194% to 4-1-30, then SOFR + 3.730%) 04/01/2031 (D)		1,927,000		1,973,991
Danske Bank A/S 5.000%, 01/12/2022 (D)		324,000		331,733
Danske Bank A/S (3.001% to 9-20-21, then 3 month LIBOR + 1.249%) 09/20/2022 (D)		1,882,000		1,863,201
Danske Bank A/S (3.244% to 12-20-24, then 3 month LIBOR + 1.591%) 12/20/2025 (D)		1,448,000		1,345,995
GE Capital International Funding Company Unlimited Company 4.418%, 11/15/2035		2,087,000		2,254,733
HSBC Holdings PLC 4.950%, 03/31/2030		826,000		910,946
Inter-American Development Bank 0.875%, 04/03/2025		1,282,000		1,290,436
JPMorgan Chase & Co.
2.950%, 10/01/2026		96,000		99,207
3.875%, 02/01/2024		788,000		842,632
JPMorgan Chase & Co. (2.301% to 10-15-24, then SOFR + 1.160%) 10/15/2025		232,000		232,024
JPMorgan Chase & Co. (3.207% to 4-1-22, then 3 month LIBOR + 0.695%) 04/01/2023		1,059,000		1,079,247
JPMorgan Chase & Co. (3.559% to 4-23-23, then 3 month LIBOR + 0.730%) 04/23/2024		318,000		330,309
Liberty Mutual Group, Inc. 3.951%, 10/15/2050 (D)		75,000		69,624
Lincoln National Corp. 3.050%, 01/15/2030		1,059,000		984,279
MDGH - GMTN BV 2.875%, 11/07/2029 (D)		850,000		799,561
Metropolitan Life Global Funding I 1.950%, 09/15/2021 (D)		351,000		348,486
MidAmerican Energy Company 3.650%, 08/01/2048		346,000		371,375
Mitsubishi UFJ Financial Group, Inc. 2.193%, 02/25/2025 (C)		1,420,000		1,405,987
Morgan Stanley
2.750%, 05/19/2022		1,210,000		1,222,821
4.000%, 07/23/2025		166,000		177,660
Morgan Stanley (2.699% to 1-22-30, then SOFR + 1.143%) 01/22/2031		612,000		598,881
Morgan Stanley (3.622% to 4-1-30, then SOFR + 3.120%) 04/01/2031		960,000		999,109

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Nationwide Building Society (4.363% to 8-1-23, then 3 month LIBOR + 1.392%) 08/01/2024 (D)	$	672,000	$	675,113
Nationwide Financial Services, Inc. 3.900%, 11/30/2049 (D)		781,000		683,715
Nomura Holdings, Inc.
2.648%, 01/16/2025		673,000		658,756
3.103%, 01/16/2030		1,617,000		1,520,907
Prudential Financial, Inc.
1.500%, 03/10/2026		1,237,000		1,161,008
4.350%, 02/25/2050		547,000		562,067
Societe Generale SA
2.625%, 10/16/2024 (D)		401,000		379,502
2.625%, 01/22/2025 (C)(D)		1,234,000		1,188,158
Spirit Realty LP 3.400%, 01/15/2030		392,000		337,195
Standard Chartered PLC (2.819% to 1-30-25, then 3 month LIBOR + 1.209%) 01/30/2026 (D)		1,352,000		1,272,793
State Street Corp. (2.354% to 11-1-24, then SOFR + 0.940%) 11/01/2025		1,063,000		1,052,107
State Street Corp. (2.825% to 3-30-22, then SOFR + 2.690%) 03/30/2023 (D)		833,000		840,603
State Street Corp. (2.901% to 3-30-25, then SOFR + 2.700%) 03/30/2026 (D)		500,000		511,905
Swedish Export Credit 0.750%, 04/06/2023		1,696,000		1,690,793
The Charles Schwab Corp.
3.250%, 05/22/2029		903,000		893,065
4.200%, 03/24/2025		990,000		1,044,752
4.625%, 03/22/2030		1,078,000		1,185,033
The Goldman Sachs Group, Inc.
3.500%, 04/01/2025 to 11/16/2026		5,705,000		5,792,444
3.850%, 01/26/2027		592,000		609,161
4.000%, 03/03/2024		149,000		156,253
6.750%, 10/01/2037		377,000		507,001
The Goldman Sachs Group, Inc. (3.272% to 9-29-24, then 3 month LIBOR + 1.201%) 09/29/2025		166,000		169,283
The PNC Financial Services Group, Inc. 2.550%, 01/22/2030		1,080,000		1,046,053
The Royal Bank of Scotland Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) 11/01/2029		509,000		470,764
The Royal Bank of Scotland Group PLC (4.445% to 5-8-29, then 3 month LIBOR + 1.871%) 05/08/2030		555,000		581,752
Truist Bank
2.150%, 12/06/2024		1,032,000		1,022,259
2.250%, 03/11/2030		706,000		647,330
Truist Financial Corp. 2.500%, 08/01/2024		1,669,000		1,650,454
Trust Fibra Uno 6.390%, 01/15/2050 (D)		364,000		334,880
US Bank N.A. 2.050%, 01/21/2025		1,242,000		1,235,678
Westpac Banking Corp. (4.110% to 7-24-29, then 5 Year CMT + 2.000%) 07/24/2034		290,000		281,425
				82,551,510
Health care – 4.7%
Abbott Laboratories 3.750%, 11/30/2026		1,377,000		1,537,217
AbbVie, Inc.
2.300%, 11/21/2022 (D)		2,568,000		2,565,637

 

36

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
AbbVie, Inc. (continued)
2.500%, 05/14/2020	$	1,208,000	$	1,208,084
2.600%, 11/21/2024 (D)		1,138,000		1,156,233
2.900%, 11/06/2022		879,000		889,147
2.950%, 11/21/2026 (D)		648,000		660,220
3.200%, 11/21/2029 (D)		1,201,000		1,225,229
3.750%, 11/14/2023		92,000		95,314
4.050%, 11/21/2039 (D)		377,000		395,368
4.250%, 11/21/2049 (D)		796,000		858,621
Aetna, Inc. 3.875%, 08/15/2047		255,000		260,966
Allergan Funding SCS 3.800%, 03/15/2025		1,733,000		1,774,621
Becton, Dickinson and Company
2.404%, 06/05/2020 (C)		1,058,000		1,054,707
3.363%, 06/06/2024		357,000		357,772
3.700%, 06/06/2027		171,000		173,776
3.734%, 12/15/2024		842,000		863,262
Boston Scientific Corp. 3.750%, 03/01/2026		814,000		853,820
Bristol-Myers Squibb Company
2.600%, 05/16/2022 (D)		1,376,000		1,404,033
2.750%, 02/15/2023 (D)		1,132,000		1,170,099
2.875%, 02/19/2021 (D)		314,000		320,134
2.900%, 07/26/2024 (D)		799,000		846,768
3.200%, 06/15/2026 (D)		656,000		700,644
3.400%, 07/26/2029 (D)		1,035,000		1,137,364
3.450%, 11/15/2027 (D)		469,000		499,612
3.875%, 08/15/2025 (D)		361,000		391,677
3.900%, 02/20/2028 (D)		339,000		377,454
4.125%, 06/15/2039 (D)		86,000		103,771
4.250%, 10/26/2049 (D)		426,000		533,866
4.350%, 11/15/2047 (D)		156,000		195,949
Cigna Corp.
2.400%, 03/15/2030		637,000		602,557
3.400%, 09/17/2021 to 03/15/2050		885,000		887,600
3.400%, 03/01/2027 (D)		791,000		802,281
3.750%, 07/15/2023		674,000		693,738
3.875%, 10/15/2047 (D)		622,000		625,883
CVS Health Corp.
2.625%, 08/15/2024		422,000		423,264
3.000%, 08/15/2026		350,000		348,640
3.625%, 04/01/2027		502,000		514,435
3.700%, 03/09/2023		867,000		902,537
3.750%, 04/01/2030		502,000		519,414
4.000%, 12/05/2023		473,000		493,892
4.100%, 03/25/2025		699,000		735,639
4.780%, 03/25/2038		344,000		377,802
Danaher Corp. 3.350%, 09/15/2025 (C)		655,000		684,782
DH Europe Finance II Sarl
2.050%, 11/15/2022		519,000		508,975
2.200%, 11/15/2024 (C)		889,000		863,750
2.600%, 11/15/2029		1,117,000		1,086,063
3.400%, 11/15/2049		271,000		264,032
Merck & Company, Inc. 3.700%, 02/10/2045		226,000		266,366
Novartis Capital Corp.
2.000%, 02/14/2027		606,000		611,920
2.200%, 08/14/2030		1,866,000		1,895,830
Pfizer, Inc.
2.800%, 03/11/2022		312,000		318,542
3.000%, 12/15/2026		174,000		187,301

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/2023	$	675,000	$	688,657
3.200%, 09/23/2026		847,000		866,249
Takeda Pharmaceutical Company, Ltd. 4.400%, 11/26/2023		544,000		572,551
Thermo Fisher Scientific, Inc.
4.133%, 03/25/2025		745,000		798,273
4.497%, 03/25/2030		865,000		975,037
UnitedHealth Group, Inc.
2.375%, 08/15/2024		574,000		588,484
2.875%, 08/15/2029		266,000		280,332
3.500%, 02/15/2024 to 08/15/2039		445,000		474,858
3.700%, 12/15/2025		350,000		378,477
3.750%, 10/15/2047		278,000		310,812
3.875%, 08/15/2059		334,000		363,821
				44,524,159
Industrials – 2.0%
Carrier Global Corp.
2.242%, 02/15/2025 (D)		1,129,000		1,102,549
2.493%, 02/15/2027 (D)		668,000		637,718
2.722%, 02/15/2030 (D)		645,000		593,460
3.577%, 04/05/2050 (D)		132,000		117,682
Crowley Conro LLC 4.181%, 08/15/2043		545,200		685,779
CSX Corp.
2.400%, 02/15/2030		104,000		102,417
4.300%, 03/01/2048		45,000		49,389
4.750%, 11/15/2048		225,000		259,494
Deere & Company
2.750%, 04/15/2025		685,000		709,241
3.100%, 04/15/2030		514,000		544,993
3.750%, 04/15/2050		298,000		347,327
General Dynamics Corp.
3.250%, 04/01/2025		407,000		428,766
3.625%, 04/01/2030		339,000		378,068
4.250%, 04/01/2040 to 04/01/2050		241,000		292,654
General Electric Company
2.700%, 10/09/2022		357,000		351,141
3.100%, 01/09/2023		121,000		122,891
5.875%, 01/14/2038		575,000		674,553
John Deere Capital Corp.
1.200%, 04/06/2023		764,000		747,957
1.750%, 03/09/2027		458,000		440,647
Lockheed Martin Corp. 4.070%, 12/15/2042		82,000		95,796
Northrop Grumman Corp.
2.550%, 10/15/2022		1,027,000		1,026,428
2.930%, 01/15/2025		49,000		49,878
3.250%, 08/01/2023 to 01/15/2028		1,532,000		1,584,280
4.030%, 10/15/2047		335,000		381,620
4.400%, 05/01/2030		506,000		582,746
5.150%, 05/01/2040		506,000		639,408
Otis Worldwide Corp.
2.565%, 02/15/2030 (D)		773,000		748,676
3.112%, 02/15/2040 (D)		72,000		68,249
3.362%, 02/15/2050 (D)		109,000		105,993
The Boeing Company
3.500%, 03/01/2039		338,000		293,878
3.900%, 05/01/2049		268,000		242,191
Union Pacific Corp.
2.150%, 02/05/2027		515,000		503,345
2.400%, 02/05/2030		635,000		617,973
2.950%, 03/01/2022		575,000		581,655
3.150%, 03/01/2024		275,000		286,046

 

37

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Union Pacific Corp. (continued)
3.250%, 02/05/2050	$	817,000	$	793,855
3.750%, 02/05/2070 (C)		158,000		163,252
4.300%, 03/01/2049 (C)		91,000		103,412
United Technologies Corp.
3.650%, 08/16/2023		218,000		229,211
3.950%, 08/16/2025 (C)		457,000		500,024
4.450%, 11/16/2038		425,000		487,017
				18,671,659
Information technology – 2.4%
Adobe, Inc.
1.900%, 02/01/2025 (C)		330,000		332,931
2.150%, 02/01/2027		659,000		666,145
2.300%, 02/01/2030		1,154,000		1,153,596
Apple, Inc.
1.800%, 09/11/2024		867,000		882,682
2.050%, 09/11/2026		1,042,000		1,074,837
2.850%, 02/23/2023		108,000		112,674
2.950%, 09/11/2049		70,000		73,871
3.200%, 05/13/2025 to 05/11/2027		1,438,000		1,558,246
4.250%, 02/09/2047		284,000		363,914
Broadcom Corp. 3.875%, 01/15/2027		787,000		750,221
Broadcom, Inc. 4.250%, 04/15/2026 (D)		557,000		566,006
Fiserv, Inc.
3.200%, 07/01/2026		557,000		573,305
3.500%, 07/01/2029		902,000		954,470
4.200%, 10/01/2028		59,000		64,606
4.400%, 07/01/2049		295,000		314,305
IBM Corp.
3.300%, 05/15/2026		210,000		225,228
4.150%, 05/15/2039		282,000		319,084
Intel Corp.
2.450%, 11/15/2029		1,028,000		1,047,439
3.100%, 02/15/2060		217,000		235,343
3.400%, 03/25/2025		826,000		892,086
4.600%, 03/25/2040		330,000		398,057
4.750%, 03/25/2050		167,000		218,242
4.950%, 03/25/2060		169,000		233,119
KLA Corp. 3.300%, 03/01/2050		778,000		741,412
Mastercard, Inc.
3.300%, 03/26/2027		341,000		370,549
3.350%, 03/26/2030		507,000		563,385
3.850%, 03/26/2050		409,000		499,219
Micron Technology, Inc. 4.663%, 02/15/2030		436,000		455,739
Microsoft Corp.
2.875%, 02/06/2024		206,000		219,688
3.700%, 08/08/2046		169,000		200,467
4.000%, 02/12/2055		418,000		532,732
4.100%, 02/06/2037		522,000		637,308
Nvidia Corp. 3.500%, 04/01/2040 to 04/01/2050		1,170,000		1,268,003
NXP BV
3.875%, 06/18/2026 (D)		947,000		921,066
4.300%, 06/18/2029 (D)		116,000		118,764
Oracle Corp.
2.625%, 02/15/2023		430,000		441,405
2.800%, 04/01/2027		987,000		1,001,589
2.950%, 11/15/2024		230,000		242,313
3.800%, 11/15/2037		235,000		242,335
3.850%, 04/01/2060		544,000		547,300
4.000%, 11/15/2047		500,000		549,211

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Texas Instruments, Inc. 1.375%, 03/12/2025	$	763,000	$	755,502
				23,318,394
Materials – 0.6%
Barrick North America Finance LLC
5.700%, 05/30/2041		397,000		489,146
5.750%, 05/01/2043		161,000		206,439
DuPont de Nemours, Inc.
4.205%, 11/15/2023		859,000		901,322
4.493%, 11/15/2025		612,000		658,182
5.319%, 11/15/2038		28,000		31,481
Huntsman International LLC
4.500%, 05/01/2029		309,000		263,433
5.125%, 11/15/2022 (C)		263,000		269,575
Minera Mexico SA de CV 4.500%, 01/26/2050 (D)		354,000		297,360
Newmont Corp. 2.250%, 10/01/2030		519,000		477,953
Nutrien, Ltd. 5.000%, 04/01/2049		285,000		344,048
Packaging Corp. of America 3.000%, 12/15/2029		283,000		282,807
Steel Dynamics, Inc. 2.800%, 12/15/2024		335,000		312,123
Teck Resources, Ltd. 6.250%, 07/15/2041		504,000		436,053
The Mosaic Company
5.450%, 11/15/2033		303,000		294,012
5.625%, 11/15/2043		77,000		68,022
WRKCo, Inc. 4.900%, 03/15/2029 (C)		370,000		412,117
				5,744,073
Real estate – 1.0%
Alexandria Real Estate Equities, Inc. 4.900%, 12/15/2030		332,000		360,677
American Tower Corp.
3.800%, 08/15/2029		317,000		323,582
3.950%, 03/15/2029		178,000		185,208
Crown Castle International Corp.
3.300%, 07/01/2030		789,000		784,069
4.150%, 07/01/2050		554,000		550,126
Equinix, Inc.
2.625%, 11/18/2024		914,000		853,484
2.900%, 11/18/2026		914,000		837,056
3.200%, 11/18/2029		365,000		337,994
GLP Capital LP
4.000%, 01/15/2030		544,000		457,395
5.300%, 01/15/2029		328,000		280,506
Mid-America Apartments LP
3.600%, 06/01/2027		51,000		51,325
3.750%, 06/15/2024		761,000		749,890
3.950%, 03/15/2029		327,000		333,528
4.000%, 11/15/2025		398,000		414,356
4.300%, 10/15/2023		333,000		331,112
Regency Centers LP 2.950%, 09/15/2029		707,000		666,523
STORE Capital Corp.
4.500%, 03/15/2028		1,224,000		1,221,790
4.625%, 03/15/2029		240,000		242,371
Ventas Realty LP 4.750%, 11/15/2030		669,000		657,095
				9,638,087

 

38

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities – 2.5%
Alabama Power Company 3.450%, 10/01/2049	$	651,000	$	662,453
Berkshire Hathaway Energy Company 4.050%, 04/15/2025 (D)		335,000		361,315
Black Hills Corp.
3.050%, 10/15/2029		1,052,000		1,010,144
3.875%, 10/15/2049		293,000		250,258
CenterPoint Energy Resources Corp. 4.100%, 09/01/2047		318,000		330,139
CenterPoint Energy, Inc.
2.500%, 09/01/2022 to 09/01/2024		779,000		764,832
2.950%, 03/01/2030		308,000		291,389
Dominion Energy, Inc. 2.000%, 08/15/2021		458,000		455,287
DTE Electric Company
2.250%, 03/01/2030		683,000		660,732
2.950%, 03/01/2050		974,000		908,572
DTE Energy Company
2.529%, 10/01/2024		545,000		529,769
2.600%, 06/15/2022		330,000		328,666
3.800%, 03/15/2027		163,000		166,462
Duke Energy Corp.
1.800%, 09/01/2021		685,000		680,338
2.650%, 09/01/2026		425,000		421,769
4.200%, 06/15/2049		215,000		216,596
Edison International
4.125%, 03/15/2028 (C)		2,000		1,915
4.950%, 04/15/2025		234,000		233,459
5.750%, 06/15/2027		486,000		505,179
Enel Finance International NV 4.625%, 09/14/2025 (D)		492,000		519,960
Evergy, Inc.
2.450%, 09/15/2024		608,000		596,519
2.900%, 09/15/2029 (C)		646,000		611,960
Exelon Corp.
4.050%, 04/15/2030		889,000		880,448
4.700%, 04/15/2050		401,000		418,864
FirstEnergy Corp.
2.650%, 03/01/2030		356,000		335,543
2.850%, 07/15/2022		152,000		148,223
3.900%, 07/15/2027		608,000		614,536
4.250%, 03/15/2023		826,000		843,639
Interstate Power & Light Company 3.500%, 09/30/2049		250,000		226,700
ITC Holdings Corp. 2.700%, 11/15/2022		655,000		650,383
Jersey Central Power & Light Company 4.300%, 01/15/2026 (D)		285,000		304,681
Metropolitan Edison Company 4.300%, 01/15/2029 (D)		514,000		539,213
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/2028 (D)		639,000		672,407
Mississippi Power Company
3.950%, 03/30/2028		799,000		823,120
4.250%, 03/15/2042		479,000		457,754
NiSource, Inc. 4.375%, 05/15/2047		329,000		333,652
Oncor Electric Delivery Company LLC
2.750%, 05/15/2030 (D)		653,000		679,178
3.700%, 05/15/2050 (D)		343,000		405,059
Pennsylvania Electric Company 3.250%, 03/15/2028 (D)		275,000		262,453
PPL Capital Funding, Inc.
3.100%, 05/15/2026		790,000		803,947

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
PPL Capital Funding, Inc. (continued)
3.400%, 06/01/2023	$	101,000	$	103,719
5.000%, 03/15/2044		436,000		465,990
Sempra Energy 3.800%, 02/01/2038		163,000		153,033
Southern California Edison Company
2.850%, 08/01/2029		331,000		319,317
3.650%, 02/01/2050		423,000		407,318
4.125%, 03/01/2048		530,000		565,840
4.650%, 10/01/2043		166,000		182,237
Southern California Gas Company
2.550%, 02/01/2030		735,000		717,308
2.600%, 06/15/2026		197,000		194,586
Trans-Allegheny Interstate Line Company 3.850%, 06/01/2025 (D)		228,000		241,978
Union Electric Company 2.950%, 03/15/2030		407,000		423,308
Xcel Energy, Inc. 3.500%, 12/01/2049		165,000		145,395
				23,827,542
TOTAL CORPORATE BONDS (Cost $290,756,771)			$	288,396,872
MUNICIPAL BONDS – 0.6%
County of Clark Department of Aviation (Nevada) 6.820%, 07/01/2045		750,000		995,295
Los Angeles Community College District (California) 6.750%, 08/01/2049		1,100,000		1,788,853
North Texas Tollway Authority 6.718%, 01/01/2049 (C)		697,000		1,103,463
Port Authority of New York & New Jersey 4.458%, 10/01/2062		571,000		630,784
State of California 7.600%, 11/01/2040		155,000		257,939
The Ohio State University 4.800%, 06/01/2111		464,000		558,907
TOTAL MUNICIPAL BONDS (Cost $4,854,345)			$	5,335,241
COLLATERALIZED MORTGAGE OBLIGATIONS – 10.1%
Commercial and residential – 3.8%
Angel Oak Mortgage Trust I LLC Series 2019-2, Class A1 3.628%, 03/25/2049 (D)(E)		501,476		504,976
Benchmark Mortgage Trust Series 2018-B1, Class ASB 3.602%, 01/15/2051 (E)		360,000		381,173
Bunker Hill Loan Depositary Trust
Series 2019-1, Class A1, 3.613%, 10/26/2048 (D)		372,048		364,292
Series 2019-2, Class A1, 2.879%, 07/25/2049 (D)		1,017,007		930,895
CD Mortgage Trust
Series 2016-CD1, Class A1, 1.443%, 08/10/2049		165,670		164,490
Series 2017-CD4, Class A4, 3.514%, 05/10/2050 (E)		576,000		621,817
Series 2017-CD4, Class ASB, 3.317%, 05/10/2050		508,000		528,631
Series 2017-CD6, Class ASB, 3.332%, 11/13/2050		1,197,000		1,253,286

 

39

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
CFCRE Commercial Mortgage Trust
Series 2016-C3, Class A1, 1.793%, 01/10/2048	$	177,294	$	176,534
Series 2017-C8, Class A1, 1.965%, 06/15/2050		102,659		102,270
Series 2017-C8, Class ASB, 3.367%, 06/15/2050		529,000		551,555
COLT Mortgage Loan Trust
Series 2019-1, Class A1, 3.705%, 03/25/2049 (D)(E)		405,208		401,628
Series 2019-2, Class A1, 3.337%, 05/25/2049 (D)(E)		792,919		775,815
Series 2019-4, Class A1, 2.579%, 11/25/2049 (D)(E)		953,470		924,763
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) Series 2016-COR1, Class ASB 2.972%, 10/10/2049		505,000		517,838
CSAIL Commercial Mortgage Trust
Series 2015-C2, Class A4, 3.504%, 06/15/2057		563,000		583,315
Series 2015-C4, Class A4, 3.808%, 11/15/2048		772,000		813,241
Series 2016-C5, Class ASB, 3.533%, 11/15/2048		261,000		270,936
DBJPM Mortgage Trust Series 2017-C6, Class ASB 3.121%, 06/10/2050		298,000		307,820
GCAT LLC Series 2019-NQM1, Class A1 2.985%, 02/25/2059 (D)		383,260		392,458
GS Mortgage Securities Trust
Series 2012-GCJ7, Class AAB, 2.935%, 05/10/2045		47,194		47,166
Series 2014-GC18, Class A3, 3.801%, 01/10/2047		405,501		419,269
Series 2015-GC28, Class A5, 3.396%, 02/10/2048		254,000		262,342
Series 2015-GC34, Class A4, 3.506%, 10/10/2048		617,000		652,037
Impact Funding Affordable Multifamily Housing Mortgage Loan Trust Series 2010-1, Class A1 5.314%, 01/25/2051 (D)		1,187,744		1,281,778
JPMBB Commercial Mortgage Securities Trust
Series 2014-C23, Class A4, 3.670%, 09/15/2047		567,000		595,586
Series 2015-C28, Class A2, 2.773%, 10/15/2048		168,086		167,858
Series 2015-C28, Class A3, 2.912%, 10/15/2048		2,646,000		2,679,115
Series 2015-C33, Class A4, 3.770%, 12/15/2048		300,000		320,530
JPMCC Commercial Mortgage Securities Trust Series 2017-JP6, Class ASB 3.283%, 07/15/2050		563,000		585,011
JPMDB Commercial Mortgage Securities Trust
Series 2017-C5, Class ASB, 3.492%, 03/15/2050		202,000		211,385

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
JPMDB Commercial Mortgage Securities Trust (continued)
Series 2018-C8, Class ASB, 4.145%, 06/15/2051	$	561,000	$	609,739
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class A1 1.324%, 08/15/2049		224,529		223,480
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2013-C10, Class A4, 4.083%, 07/15/2046 (E)		100,000		105,311
Series 2015-C20, Class A4, 3.249%, 02/15/2048		158,000		160,980
Series 2015-C25, Class ASB, 3.383%, 10/15/2048		316,000		327,581
Series 2015-C27, Class A4, 3.753%, 12/15/2047		151,000		157,913
Morgan Stanley Capital I Trust
Series 2016-UB11, Class A1, 1.445%, 08/15/2049		338,021		335,759
Series 2016-UB11, Class ASB, 2.606%, 08/15/2049		579,000		586,198
Series 2018-H3, Class A5, 4.177%, 07/15/2051		168,000		184,599
New Residential Mortgage Loan Trust
Series 2019-NQM2, Class A1, 3.600%, 04/25/2049 (D)(E)		512,751		508,041
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (D)(E)		801,159		788,954
SG Residential Mortgage Trust Series 2019-3, Class A1 2.703%, 09/25/2059 (D)(E)		907,251		875,610
Starwood Mortgage Residential Trust
Series 2019-INV1, Class A1, 2.610%, 09/27/2049 (D)(E)		898,283		856,051
Series 2020-1, Class A1, 2.275%, 02/25/2050 (D)(E)		1,576,961		1,512,658
Verus Securitization Trust
Series 2019-1, Class A1, 3.836%, 02/25/2059 (D)(E)		411,949		399,752
Series 2019-2, Class A1, 3.211%, 05/25/2059 (D)(E)		1,791,277		1,753,869
Series 2019-3, Class A1, 2.784%, 07/25/2059 (D)		1,782,167		1,747,235
Series 2019-4, Class A1, 2.642%, 11/25/2059 (D)		2,490,569		2,521,414
Series 2019-INV1, Class A1, 3.402%, 12/25/2059 (D)(E)		744,437		713,117
Series 2019-INV2, Class A1, 2.913%, 07/25/2059 (D)(E)		910,178		896,054
Series 2019-INV3, Class A1, 2.692%, 11/25/2059 (D)(E)		528,071		511,219
Series 2020-1, Class A1, 2.417%, 01/25/2060 (D)(E)		2,583,043		2,479,147
Visio Trust Series 2019-1, Class A1 3.572%, 06/25/2054 (D)(E)		463,799		438,019
				36,482,510
U.S. Government Agency – 6.3%
Federal Home Loan Mortgage Corp.
Series 264, Class 30, 3.000%, 07/15/2042		2,898,150		3,110,890

 

40

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 343, Class F4 (1 month LIBOR + 0.350%), 2.852%, 10/15/2037 (B)	$	1,028,130	$	1,025,205
Series 4205, Class PA, 1.750%, 05/15/2043		721,105		746,988
Series 4426, Class QC, 1.750%, 07/15/2037		1,178,126		1,211,247
Series 4705, Class A, 4.500%, 09/15/2042		1,216,555		1,297,153
Series 4742, Class PA, 3.000%, 10/15/2047		4,371,136		4,617,342
Series 4763, Class CA, 3.000%, 09/15/2038		335,680		359,838
Series 4767, Class KA, 3.000%, 03/15/2048		1,728,659		1,845,161
Series 4786, Class DP, 4.500%, 07/15/2042		668,709		689,788
Series 4796, Class AK, 3.000%, 05/15/2048		2,808,334		2,926,068
Series 4802, Class A, 3.000%, 06/15/2048		2,807,885		2,955,683
Series 4846, Class PF (1 month LIBOR + 0.350%), 1.055%, 12/15/2048 (B)		355,364		352,047
Series 4880, Class DA, 3.000%, 05/15/2050		1,508,021		1,602,966
Federal National Mortgage Association
Series 2012-151, Class NX, 1.500%, 01/25/2043		915,776		939,182
Series 2013-11, Class AP, 1.500%, 01/25/2043		2,203,660		2,207,404
Series 2013-30, Class CA, 1.500%, 04/25/2043		350,435		356,100
Series 2013-43, Class BP, 1.750%, 05/25/2043		1,024,197		1,061,792
Series 2014-73, Class MA, 2.500%, 11/25/2044		612,451		649,941
Series 2015-84, Class PA, 1.700%, 08/25/2033		2,851,107		2,939,401
Series 2016-48, Class MA, 2.000%, 06/25/2038		3,783,012		3,895,362
Series 2016-57, Class PC, 1.750%, 06/25/2046		5,277,982		5,441,229
Series 2017-13, Class PA, 3.000%, 08/25/2046		1,128,216		1,209,181
Series 2017-42, Class H, 3.000%, 11/25/2043		743,460		778,681
Series 2017-M7, Class A2, 2.961%, 02/25/2027 (E)		423,000		465,206
Series 2018-14, Class KC, 3.000%, 03/25/2048		1,798,102		1,916,632
Series 2018-15, Class AB, 3.000%, 03/25/2048		422,246		452,144
Series 2018-45, Class GA, 3.000%, 06/25/2048		2,185,011		2,281,620
Series 2018-8, Class KL, 2.500%, 03/25/2047		1,347,213		1,406,770
Series 2019-25, Class PA, 3.000%, 05/25/2048		1,185,504		1,261,434
Series 2019-35, Class A, 3.000%, 07/25/2049		904,855		950,842

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2019-35, Class MB, 3.000%, 07/25/2049	$	1,303,137	$	1,392,698
Series 414, Class A35, 3.500%, 10/25/2042		2,992,182		3,335,437
Government National Mortgage Association
Series 2012-141, Class WA, 4.526%, 11/16/2041 (E)		339,941		393,414
Series 2017-167, Class BQ, 2.500%, 08/20/2044		1,399,767		1,454,986
Series 2019-132, Class NA, 3.500%, 09/20/2049		1,376,072		1,471,154
Series 2019-31, Class JC, 3.500%, 03/20/2049		1,111,438		1,172,025
				60,173,011
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $93,520,954)			$	96,655,521
ASSET BACKED SECURITIES – 10.0%
Avis Budget Rental Car Funding AESOP LLC
Series 2017-1A, Class A 3.070%, 09/20/2023 (D)		637,000		598,078
Series 2019-3A, Class A 2.360%, 03/20/2026 (D)		814,000		712,873
College Ave Student Loans LLC
Series 2017-A, Class A1 (1 month LIBOR + 1.650%) 2.597%, 11/26/2046 (B)(D)		710,887		691,632
Series 2018-A, Class A2 4.130%, 12/26/2047 (D)		446,131		471,589
Series 2019-A, Class A2 3.280%, 12/28/2048 (D)		439,821		445,032
Ford Credit Auto Owner Trust
Series 2017-1, Class A 2.620%, 08/15/2028 (D)		1,026,000		1,023,179
Series 2018-1, Class A 3.190%, 07/15/2031 (D)		2,396,000		2,625,334
Series 2018-2, Class A 3.470%, 01/15/2030 (D)		1,185,000		1,190,014
Series 2019-1, Class A 3.520%, 07/15/2030 (D)		2,218,000		2,285,981
Series 2020-1, Class A 2.040%, 08/15/2031 (D)		2,664,000		2,465,598
Hertz Vehicle Financing II LP
Series 2017-2A, Class A 3.290%, 10/25/2023 (D)		4,543,000		4,369,382
Series 2018-1A, Class A 3.290%, 02/25/2024 (D)		385,000		363,200
Series 2019-1A, Class A 3.710%, 03/25/2023 (D)		1,175,000		1,140,405
Series 2019-2A, Class A 3.420%, 05/25/2025 (D)		1,511,000		1,445,622
Hertz Vehicle Financing LLC Series 2018-3A, Class A 4.030%, 07/25/2024 (D)		1,099,000		1,046,504
Navient Private Education Loan Trust
Series 2014-CTA, Class A (1 month LIBOR + 0.700%) 1.405%, 09/16/2024 (B)(D)		13,151		13,148

 

41

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Navient Private Education Loan Trust (continued)
Series 2016-AA, Class A2B (1 month LIBOR + 2.150%) 2.855%, 12/15/2045 (B)(D)	$	536,746	$	532,501
Series 2018-BA, Class A2A 3.610%, 12/15/2059 (D)		467,000		485,689
Navient Private Education Refi Loan Trust
Series 2018-A, Class A2 3.190%, 02/18/2042 (D)		485,000		492,336
Series 2018-CA, Class A2 3.520%, 06/16/2042 (D)		501,000		507,491
Series 2018-DA, Class A2A 4.000%, 12/15/2059 (D)		1,994,000		2,082,849
Series 2019-A, Class A2A 3.420%, 01/15/2043 (D)		2,333,000		2,352,662
Series 2019-CA, Class A2 3.130%, 02/15/2068 (D)		1,289,000		1,268,872
Series 2019-D, Class A2A 3.010%, 12/15/2059 (D)		1,915,000		1,714,961
Series 2019-FA, Class A2 2.600%, 08/15/2068 (D)		2,212,000		2,235,766
Series 2019-GA, Class A 2.400%, 10/15/2068 (D)		2,079,712		2,095,061
Series 2020-A, Class A2A 2.460%, 11/15/2068 (D)		1,033,000		1,044,845
Series 2020-A, Class A2B (1 month LIBOR + 0.900%) 1.605%, 11/15/2068 (B)(D)		895,000		857,283
Series 2020-BA, Class A2 2.120%, 01/15/2069 (D)		799,000		801,679
Navient Student Loan Trust
Series 2014-1, Class A3 (1 month LIBOR + 0.510%) 1.457%, 06/25/2031 (B)		874,242		847,237
Series 2015-1, Class A2 (1 month LIBOR + 0.600%) 1.547%, 04/25/2040 (B)		751,190		713,617
Series 2016-3A, Class A2 (1 month LIBOR + 0.850%) 1.797%, 06/25/2065 (B)(D)		168,143		167,958
Series 2018-EA, Class A2 4.000%, 12/15/2059 (D)		1,329,000		1,374,941
Series 2019-BA, Class A2A 3.390%, 12/15/2059 (D)		1,568,000		1,639,078
Series 2020-CA, Class A2A 2.150%, 11/15/2068 (D)		766,000		750,680
Nelnet Student Loan Trust
Series 2004-3, Class A5 (3 month LIBOR + 0.180%) 1.974%, 10/27/2036 (B)		1,313,209		1,259,792
Series 2004-4, Class A5 (3 month LIBOR + 0.160%) 1.954%, 01/25/2037 (B)		1,383,469		1,322,510
Series 2005-1, Class A5 (3 month LIBOR + 0.110%) 1.904%, 10/25/2033 (B)		4,378,918		4,216,471
Series 2005-2, Class A5 (3 month LIBOR + 0.100%) 1.295%, 03/23/2037 (B)		5,109,924		4,801,995
Series 2005-3, Class A5 (3 month LIBOR + 0.120%) 1.315%, 12/24/2035 (B)		3,116,523		3,021,364
Series 2005-4, Class A4 (3 month LIBOR + 0.180%) 1.375%, 03/22/2032 (B)		666,654		624,602

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Nelnet Student Loan Trust (continued)
Series 2012-2A, Class A (1 month LIBOR + 0.800%) 1.747%, 12/26/2033 (B)(D)	$	471,767	$	454,968
Series 2012-4A, Class A (1 month LIBOR + 0.700%) 1.647%, 09/27/2038 (B)(D)		897,340		867,440
Series 2014-1A, Class A (1 month LIBOR + 0.570%) 1.517%, 09/25/2041 (B)(D)		402,647		385,665
Series 2016-1A, Class A (1 month LIBOR + 0.800%) 1.747%, 09/25/2065 (B)(D)		1,403,247		1,373,468
Santander Revolving Auto Loan Trust Series 2019-A, Class A 2.510%, 01/26/2032 (D)		2,253,000		2,157,405
SLC Student Loan Trust
Series 2007-1, Class A5 (3 month LIBOR + 0.090%) 1.782%, 02/15/2068 (B)		397,000		351,358
Series 2008-1, Class A4A (3 month LIBOR + 1.600%) 2.341%, 12/15/2032 (B)		630,522		624,760
SLM Student Loan Trust
Series 2003-1, Class A5C (3 month LIBOR + 0.750%) 1.491%, 12/15/2032 (B)(D)		779,464		731,852
Series 2007-2, Class A4 (3 month LIBOR + 0.060%) 1.854%, 07/25/2022 (B)		2,604,405		2,478,621
Series 2010-1, Class A (1 month LIBOR + 0.400%) 1.347%, 03/25/2025 (B)		943,515		896,632
Series 2012-1, Class A3 (1 month LIBOR + 0.950%) 1.897%, 09/25/2028 (B)		2,261,569		2,159,076
Series 2012-2, Class A (1 month LIBOR + 0.700%) 1.647%, 01/25/2029 (B)		1,924,362		1,830,871
Series 2012-6, Class A3 (1 month LIBOR + 0.750%) 1.697%, 05/26/2026 (B)		1,255,870		1,216,366
SMB Private Education Loan Trust
Series 2015-A, Class A2B (1 month LIBOR + 1.000%) 1.705%, 06/15/2027 (B)(D)		1,001,478		974,053
Series 2015-B, Class A2B (1 month LIBOR + 1.200%) 1.905%, 07/15/2027 (B)(D)		935,103		931,575
Series 2015-C, Class A2B (1 month LIBOR + 1.400%) 2.105%, 07/15/2027 (B)(D)		315,706		314,616
Series 2016-A, Class A2A 2.700%, 05/15/2031 (D)		1,409,080		1,413,810
Series 2016-A, Class A2B (1 month LIBOR + 1.500%) 2.205%, 05/15/2031 (B)(D)		1,318,082		1,317,240
Series 2016-B, Class A2A 2.430%, 02/17/2032 (D)		210,477		211,848
Series 2016-B, Class A2B (1 month LIBOR + 1.450%) 2.155%, 02/17/2032 (B)(D)		2,035,956		2,024,037
Series 2016-C, Class A2B (1 month LIBOR + 1.100%) 1.805%, 09/15/2034 (B)(D)		716,454		700,915
Series 2017-B, Class A2A 2.820%, 10/15/2035 (D)		1,118,517		1,107,340

 

42

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
SMB Private Education Loan Trust (continued)
Series 2017-B, Class A2B (1 month LIBOR + 0.750%) 1.455%, 10/15/2035 (B)(D)	$	219,066	$	207,570
Series 2018-C, Class A2A 3.630%, 11/15/2035 (D)		279,000		295,874
Series 2019-A, Class A2A 3.440%, 07/15/2036 (D)		2,712,000		2,571,648
SoFi Professional Loan Program LLC
Series 2016-A, Class A2 2.760%, 12/26/2036 (D)		474,769		478,600
Series 2016-E, Class A1 (1 month LIBOR + 0.850%) 1.797%, 07/25/2039 (B)(D)		161,498		159,896
Series 2017-A, Class A1 (1 month LIBOR + 0.700%) 1.647%, 03/26/2040 (B)(D)		169,897		162,484
Series 2017-D, Class A2FX 2.650%, 09/25/2040 (D)		120,590		119,562
Series 2017-E, Class A1 (1 month LIBOR + 0.500%) 1.447%, 11/26/2040 (B)(D)		107,478		106,201
Series 2017-E, Class A2B 2.720%, 11/26/2040 (D)		2,240,000		2,193,782
Series 2018-A, Class A2B 2.950%, 02/25/2042 (D)		565,000		551,484
Series 2018-B, Class A2FX 3.340%, 08/25/2047 (D)		1,917,000		1,852,634
Series 2020-A, Class A2FX 2.540%, 05/15/2046 (D)		1,794,000		1,735,722
Verizon Owner Trust
Series 2019-C, Class A1A 1.940%, 04/22/2024		815,000		776,834
Series 2020-A, Class A1A 1.850%, 07/22/2024		1,864,000		1,818,353
TOTAL ASSET BACKED SECURITIES (Cost $97,810,701)			$	95,654,371
SHORT-TERM INVESTMENTS – 2.1%
Short-term funds – 2.1%
John Hancock Collateral Trust, 1.1260% (F)(G)		902,996		9,027,700
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (F)		11,387,837		11,387,837
TOTAL SHORT-TERM INVESTMENTS (Cost $20,411,614)			$	20,415,537
Total Investments (Core Bond Trust) (Cost $999,702,767) – 105.5%			$	1,010,405,245
Other assets and liabilities, net – (5.5%)				(52,663,614)
TOTAL NET ASSETS – 100.0%			$	957,741,631

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
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)	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)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $8,594,836.

Core Bond Trust (continued)

(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 $138,821,699 or 14.5% of the fund's net assets as of 3-31-20.
(E)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(F)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

Disciplined Value International Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 94.9%
Austria - 0.5%
Erste Group Bank AG	64,546	$	1,181,690
Belgium - 0.8%
KBC Group NV	38,839		1,762,328
Bermuda - 1.5%
Axis Capital Holdings, Ltd.	35,595		1,375,747
Everest Re Group, Ltd.	9,949		1,914,387
			3,290,134
Canada - 3.9%
Barrick Gold Corp.	179,028		3,289,749
Fairfax Financial Holdings, Ltd.	7,936		2,432,906
Yamana Gold, Inc.	1,072,844		2,950,321
			8,672,976
China - 0.4%
Topsports International Holdings, Ltd. (A)	840,000		870,639
Denmark - 2.0%
Novo Nordisk A/S, B Shares	73,259		4,374,741
Finland - 1.7%
Sampo OYJ, A Shares (B)	129,802		3,744,639
France - 12.8%
AXA SA	162,779		2,756,168
BNP Paribas SA	99,988		2,919,175
Capgemini SE	53,834		4,498,499
Danone SA	41,750		2,671,928
Eiffage SA	42,168		2,993,238
Peugeot SA	99,443		1,294,677
Sanofi	42,747		3,700,820
TOTAL SA	123,653		4,659,102
Vinci SA (B)	37,009		3,023,983
			28,517,590
Germany - 5.5%
adidas AG (B)	4,088		907,648
Allianz SE	23,208		3,952,268
Brenntag AG	39,520		1,435,847
Rheinmetall AG	12,681		881,289
SAP SE	22,045		2,461,281
Siemens AG	30,538		2,557,105
			12,195,438
Greece - 0.6%
Hellenic Telecommunications Organization SA	106,816		1,291,248
Hong Kong - 2.6%
China Overseas Land & Investment, Ltd.	470,000		1,440,988
CK Asset Holdings, Ltd.	381,500		2,069,900
WH Group, Ltd. (A)	2,463,000		2,273,371
			5,784,259

 

43

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hungary - 0.7%
OTP Bank NYRT	50,795	$	1,457,020
Indonesia - 0.9%
Bank Rakyat Indonesia Persero Tbk PT	11,190,200		2,052,341
Ireland - 1.2%
CRH PLC	98,544		2,673,949
Italy - 1.6%
Enel SpA	234,040		1,614,373
Leonardo SpA	281,373		1,860,205
			3,474,578
Japan - 21.4%
Bandai Namco Holdings, Inc.	28,200		1,367,791
Fuji Corp. (B)	99,600		1,508,522
Hitachi Construction Machinery Company, Ltd. (B)	47,600		954,666
Hitachi, Ltd.	192,100		5,518,343
Kamigumi Company, Ltd.	56,900		960,446
KDDI Corp.	89,200		2,634,843
Kinden Corp.	77,000		1,133,011
Koito Manufacturing Company, Ltd.	43,600		1,465,797
Mitsubishi Estate Company, Ltd.	96,800		1,429,654
NEC Corp.	65,000		2,366,860
Nintendo Company, Ltd.	5,300		2,059,864
Nippon Telegraph & Telephone Corp.	161,300		3,857,751
Persol Holdings Company, Ltd. (B)	93,200		932,569
Sankyu, Inc.	38,200		1,423,336
Sanwa Holdings Corp.	305,400		2,371,741
Seven & i Holdings Company, Ltd.	47,200		1,558,775
Shionogi & Company, Ltd.	42,500		2,093,528
SoftBank Group Corp.	21,700		768,232
Sony Corp.	83,000		4,916,387
Sumitomo Mitsui Financial Group, Inc.	68,400		1,661,668
Taiheiyo Cement Corp.	80,600		1,372,884
Taisei Corp.	37,400		1,140,628
Tokio Marine Holdings, Inc.	24,500		1,120,987
TS Tech Company, Ltd.	50,600		1,188,791
Zenkoku Hosho Company, Ltd.	60,100		1,890,976
			47,698,050
Macau - 0.6%
Wynn Macau, Ltd.	948,800		1,422,925
Malta - 0.0%
BGP Holdings PLC (C)(D)	2,126,418		0
Netherlands - 3.6%
ING Groep NV	322,970		1,654,931
Koninklijke Ahold Delhaize NV	82,461		1,921,059
NXP Semiconductors NV	25,889		2,146,975
Royal Dutch Shell PLC, A Shares	133,474		2,318,929
			8,041,894
Norway - 0.8%
DNB ASA	165,559		1,844,482
Singapore - 1.3%
DBS Group Holdings, Ltd.	85,200		1,111,702
United Overseas Bank, Ltd.	127,600		1,750,678
			2,862,380
South Korea - 3.9%
Hana Financial Group, Inc.	99,994		1,881,249
KB Financial Group, Inc.	68,925		1,938,448
KT Corp., ADR	280,540		2,182,605
Samsung Electronics Company, Ltd.	67,265		2,615,365
			8,617,667
Spain - 0.8%
Amadeus IT Group SA	18,662		878,400

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
Applus Services SA	159,992	$	1,013,372
			1,891,772
Sweden - 1.6%
Husqvarna AB, B Shares	202,792		1,008,830
Loomis AB, B Shares	43,293		876,371
Sandvik AB	63,672		895,654
Trelleborg AB, B Shares	65,116		692,744
			3,473,599
Switzerland - 7.4%
Glencore PLC (D)	604,247		914,555
Novartis AG	84,818		6,997,386
Roche Holding AG	15,981		5,141,759
SIG Combibloc Group AG (D)	67,110		1,002,727
STMicroelectronics NV	114,605		2,463,620
			16,520,047
Taiwan - 0.4%
Hon Hai Precision Industry Company, Ltd.	405,000		932,418
United Kingdom - 16.0%
Associated British Foods PLC	49,786		1,115,188
Avast PLC (A)	212,153		1,025,693
Aviva PLC	494,898		1,627,099
BAE Systems PLC	278,454		1,789,069
BP PLC	601,538		2,466,868
Coca-Cola European Partners PLC	45,402		1,703,937
Direct Line Insurance Group PLC	797,620		2,911,868
GlaxoSmithKline PLC	194,159		3,643,223
Imperial Brands PLC	117,598		2,170,307
Next PLC	25,134		1,260,940
Nomad Foods, Ltd. (D)	200,314		3,717,828
Persimmon PLC	84,450		1,996,280
Redrow PLC	226,732		1,005,073
RSA Insurance Group PLC	199,336		1,040,215
Smith & Nephew PLC	77,361		1,362,828
Tesco PLC	1,253,578		3,540,131
Unilever PLC	64,979		3,276,896
			35,653,443
United States - 0.4%
The Mosaic Company	80,972		876,117
TOTAL COMMON STOCKS (Cost $272,020,374)		$	211,178,364
SHORT-TERM INVESTMENTS - 4.9%
Short-term funds - 4.9%
Fidelity Institutional Money Market Government Portfolio, Institutional Class, 0.9286% (E)	5,035,500		5,035,500
John Hancock Collateral Trust, 1.1260% (E)(F)	584,906		5,847,599
TOTAL SHORT-TERM INVESTMENTS (Cost $10,880,074)		$	10,883,099
Total Investments (Disciplined Value International Trust) (Cost $282,900,448) - 99.8%		$	222,061,463
Other assets and liabilities, net - 0.2%			549,683
TOTAL NET ASSETS - 100.0%		$	222,611,146

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)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $5,568,285.

 

44

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Disciplined Value International Trust (continued)

(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	Non-income producing security.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

Emerging Markets Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.3%
Australia - 0.0%
MMG, Ltd. (A)	192,000	$	27,115
Belgium - 0.0%
Titan Cement International SA (A)	985		11,516
Brazil - 3.9%
Banco Bradesco SA	37,134		134,426
Banco do Brasil SA	75,483		405,154
Banco Santander Brasil SA	30,118		154,587
BrasilAgro - Co Brasileira de Propriedades Agricolas	6,700		22,372
Camil Alimentos SA	10,600		15,892
Cia Siderurgica Nacional SA, ADR (B)	43,651		57,183
Cogna Educacao	186,166		143,312
Construtora Tenda SA	1,924		7,635
Cosan SA	9,003		93,147
CSU Cardsystem SA	9,300		13,871
Direcional Engenharia SA	14,200		22,901
Enauta Participacoes SA	16,860		29,689
Fras-Le SA	8,800		6,707
Gerdau SA	2,629		4,705
Industrias Romi SA	6,500		9,970
International Meal Company Alimentacao SA	19,850		10,467
Iochpe Maxion SA	11,411		24,201
JHSF Participacoes SA	65,027		43,801
Kepler Weber SA	2,100		9,821
Marisa Lojas SA (A)	14,758		13,065
Petroleo Brasileiro SA	446,047		1,213,815
Restoque Comercio e Confeccoes de Roupas SA	3,836		4,363
Sao Carlos Empreendimentos e Participacoes SA	5,205		34,559
Sao Martinho SA	9,777		27,810
SLC Agricola SA	9,500		41,502
Springs Global Participacoes SA (A)	5,600		5,249
Trisul SA	13,137		18,330
Tupy SA	9,951		25,126
Usinas Siderurgicas de Minas Gerais SA	14,738		16,025
Vale SA	440,484		3,663,848
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA	11,359		20,243
			6,293,776
Chile - 0.8%
Banco de Credito e Inversiones SA (A)	473		16,048
CAP SA	6,647		28,440
Cementos BIO BIO SA	16,447		12,937
Cencosud SA	155,829		162,102
Cia Pesquera Camanchaca SA	214,992		12,158
Cristalerias de Chile SA	3,626		14,485
Empresa Nacional de Telecomunicaciones SA (A)	15,564		65,776
Empresas CMPC SA	101,681		216,598
Empresas COPEC SA	27,263		156,161
Empresas Hites SA	46,731		4,207
Enel Americas SA	2,922,546		356,129

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chile (continued)
Grupo Security SA	147,513	$	24,158
Inversiones Aguas Metropolitanas SA	42,648		32,427
Itau CorpBanca	10,081,598		26,196
Masisa SA (A)	321,066		6,055
PAZ Corp. SA	16,523		8,154
Ripley Corp. SA	137,631		31,872
Salfacorp SA	54,622		17,847
Sigdo Koppers SA	50,989		43,939
SMU SA	43,046		6,493
Sociedad Matriz SAAM SA	1,014,770		57,965
Socovesa SA	113,429		21,290
SONDA SA	17,248		9,072
Vina Concha y Toro SA	9,318		11,729
			1,342,238
China - 20.2%
21Vianet Group, Inc., ADR (A)	3,800		52,668
361 Degrees International, Ltd.	140,000		22,735
Agile Group Holdings, Ltd.	215,000		230,227
Agricultural Bank of China, Ltd., H Shares	2,020,000		806,515
Air China, Ltd., H Shares	256,000		163,419
Aluminum Corp. of China, Ltd., H Shares (A)	372,000		73,064
Angang Steel Company, Ltd., H Shares	193,800		50,533
Anton Oilfield Services Group (B)	284,000		17,961
Asia Cement China Holdings Corp.	65,000		65,134
AviChina Industry & Technology Company, Ltd., H Shares	183,000		69,881
BAIC Motor Corp., Ltd., H Shares (C)	207,000		81,425
Baidu, Inc., ADR (A)	150		15,107
Bank of China, Ltd., H Shares	4,764,694		1,813,747
Bank of Chongqing Company, Ltd., H Shares	69,500		34,734
Bank of Communications Company, Ltd., H Shares	596,876		363,534
Bank of Tianjin Company, Ltd., H Shares	74,000		30,922
BBMG Corp., H Shares	220,000		54,519
Beijing Capital International Airport Company, Ltd., H Shares	150,000		95,199
Beijing North Star Company, Ltd., H Shares	132,000		30,305
Beijing Urban Construction Design & Development Group Company, Ltd., H Shares (C)	35,000		8,627
Boyaa Interactive International, Ltd.	63,000		6,071
BYD Electronic International Company, Ltd. (B)	26,000		42,752
Cabbeen Fashion, Ltd.	40,000		5,970
CAR, Inc. (A)(B)	59,000		32,902
Central China Real Estate, Ltd.	113,732		57,505
Changshouhua Food Company, Ltd.	32,000		10,879
Chaowei Power Holdings, Ltd.	133,000		33,266
Cheetah Mobile, Inc., ADR	4,594		9,601
China Aoyuan Group, Ltd.	39,000		44,936
China BlueChemical, Ltd., H Shares	264,000		40,536
China Cinda Asset Management Company, Ltd., H Shares	737,000		138,616
China CITIC Bank Corp., Ltd., H Shares	642,775		316,093
China Coal Energy Company, Ltd., H Shares	178,000		48,960
China Communications Construction Company, Ltd., H Shares	340,000		234,348
China Communications Services Corp., Ltd., H Shares	217,200		156,178

 

45

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Construction Bank Corp., H Shares	8,246,000	$	6,702,736
China Development Bank Financial Leasing Company, Ltd., H Shares (C)	122,000		16,484
China Dili Group (A)(B)	190,600		44,556
China Dongxiang Group Company, Ltd. (B)	530,000		45,590
China Eastern Airlines Corp., Ltd., H Shares (A)	276,000		94,506
China Electronics Optics Valley Union Holding Company, Ltd.	308,000		13,085
China Energy Engineering Corp., Ltd., H Shares	380,000		40,414
China Everbright Bank Company, Ltd., H Shares	261,000		99,283
China Evergrande Group (B)	178,000		291,764
China Galaxy Securities Company, Ltd., H Shares	206,000		98,858
China Harmony New Energy Auto Holding, Ltd.	105,500		45,097
China Hongqiao Group, Ltd.	249,000		105,233
China Huarong Asset Management Company, Ltd., H Shares (C)	808,000		101,469
China Huiyuan Juice Group, Ltd. (A)(D)	212,500		40,141
China International Capital Corp., Ltd., H Shares (B)(C)	106,800		170,932
China International Marine Containers Group Company, Ltd., H Shares	49,900		46,429
China Lesso Group Holdings, Ltd.	123,000		159,235
China Machinery Engineering Corp., H Shares	115,000		30,803
China Merchants Bank Company, Ltd., H Shares	25,500		114,081
China Merchants Securities Company, Ltd., H Shares (C)	17,600		19,382
China Minsheng Banking Corp., Ltd., H Shares	509,900		377,144
China Modern Dairy Holdings, Ltd. (A)	14,000		1,292
China National Building Material Company, Ltd., H Shares	581,450		624,657
China Oilfield Services, Ltd., H Shares	60,000		45,805
China Oriental Group Company, Ltd.	164,000		41,694
China Petroleum & Chemical Corp., ADR	15,616		760,499
China Petroleum & Chemical Corp., H Shares	966,000		471,994
China Railway Construction Corp., Ltd., H Shares	240,165		265,524
China Railway Group, Ltd., H Shares	379,000		200,477
China Railway Signal & Communication Corp., Ltd., H Shares (C)	29,000		14,459
China Reinsurance Group Corp., H Shares	256,000		29,495
China Resources Medical Holdings Company, Ltd.	61,000		32,412
China Resources Pharmaceutical Group, Ltd. (C)	119,000		71,052
China Sanjiang Fine Chemicals Company, Ltd.	105,000		20,230
China SCE Group Holdings, Ltd.	266,200		117,482
China Shanshui Cement Group, Ltd. (A)	117,000		32,530
China Shenhua Energy Company, Ltd., H Shares	372,000		702,882
China Shineway Pharmaceutical Group, Ltd.	32,000		23,871

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Silver Group, Ltd. (A)	94,000	$	6,895
China Southern Airlines Company, Ltd., H Shares	228,000		96,623
China Taifeng Beddings Holdings, Ltd. (A)(D)	204,000		12,788
China XLX Fertiliser, Ltd.	115,000		30,907
China Yongda Automobiles Services Holdings, Ltd.	8,000		6,440
China ZhengTong Auto Services Holdings, Ltd.	160,000		25,351
China Zhongwang Holdings, Ltd.	196,800		51,403
Chongqing Rural Commercial Bank Company, Ltd., H Shares	198,000		80,649
CIFI Holdings Group Company, Ltd.	279,573		198,201
CNOOC, Ltd.	2,048,000		2,128,229
CNOOC, Ltd., ADR	987		102,125
Cogobuy Group (A)(C)	74,000		7,847
Colour Life Services Group Company, Ltd. (A)(B)	6,000		2,456
Consun Pharmaceutical Group, Ltd.	19,000		8,523
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares	182,000		96,370
COSCO SHIPPING Holdings Company, Ltd., H Shares (A)(B)	99,000		27,019
Cosmo Lady China Holdings Company, Ltd. (C)	29,000		3,416
Country Garden Holdings Company, Ltd.	286,000		341,918
CPMC Holdings, Ltd.	76,000		24,247
CRRC Corp., Ltd., H Shares	238,000		119,933
CT Environmental Group, Ltd. (A)(D)	164,000		6,473
Dongfang Electric Corp., Ltd., H Shares	29,000		14,216
Dongfeng Motor Group Company, Ltd., H Shares	210,000		136,733
Dongyue Group, Ltd.	143,000		56,482
E-Commodities Holdings, Ltd.	348,000		9,241
Everbright Securities Company, Ltd., H Shares (C)	25,600		16,224
Fang Holdings, Ltd., ADR (A)	100		135
Fantasia Holdings Group Company, Ltd. (A)	172,500		30,844
Fosun International, Ltd.	195,460		224,389
Fufeng Group, Ltd. (A)	270,200		92,347
Genertec Universal Medical Group Company, Ltd. (C)	99,000		61,277
GF Securities Company, Ltd., H Shares	82,600		87,773
GOME Retail Holdings, Ltd. (A)(B)	1,349,000		124,013
Grand Baoxin Auto Group, Ltd. (A)	219,500		29,197
Great Wall Motor Company, Ltd., H Shares	300,500		190,558
Greatview Aseptic Packaging Company, Ltd.	25,000		7,708
Greenland Hong Kong Holdings, Ltd.	88,000		33,279
Greentown China Holdings, Ltd.	102,500		92,098
Guangshen Railway Company, Ltd., ADR	3,552		37,935
Guangshen Railway Company, Ltd., H Shares	34,000		7,207
Guangzhou Automobile Group Company, Ltd., H Shares	188,000		187,005
Guangzhou R&F Properties Company, Ltd., H Shares	190,800		245,411
Guorui Properties, Ltd.	84,000		14,118
Guotai Junan Securities Company, Ltd., H Shares (C)	34,600		51,058

 

46

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Haichang Ocean Park Holdings, Ltd. (A)(C)	181,000	$	12,766
Hainan Meilan International Airport Company, Ltd., H Shares (A)	17,000		14,391
Haitong Securities Company, Ltd., H Shares	188,000		170,769
Harbin Bank Company, Ltd., H Shares (A)(C)	74,000		11,483
Harbin Electric Company, Ltd., H Shares (A)	204,000		45,848
HC Group, Inc. (A)	98,000		16,182
Hilong Holding, Ltd.	205,000		9,690
Hiroca Holdings, Ltd.	8,000		11,510
Honghua Group, Ltd. (A)	367,000		11,226
Honworld Group, Ltd. (C)	56,000		16,754
Hopefluent Group Holdings, Ltd.	46,000		7,618
Hua Hong Semiconductor, Ltd. (B)(C)	39,000		70,124
Huatai Securities Company, Ltd., H Shares (C)	96,600		142,481
Huishang Bank Corp., Ltd., H Shares	63,300		22,556
Industrial & Commercial Bank of China, Ltd., H Shares	4,471,000		3,050,022
Inner Mongolia Yitai Coal Company, Ltd., H Shares	25,700		18,614
Jiangxi Copper Company, Ltd., H Shares	99,000		90,844
Jingrui Holdings, Ltd.	69,000		18,866
JinkoSolar Holding Company, Ltd., ADR (A)(B)	5,541		82,284
JOYY, Inc., ADR (A)	5,041		268,484
Kaisa Group Holdings, Ltd. (A)	258,000		94,081
Kangda International Environmental Company, Ltd. (A)(C)	140,000		13,271
Kasen International Holdings, Ltd. (A)(B)	119,000		23,806
KWG Group Holdings, Ltd. (A)	177,013		248,028
Legend Holdings Corp., H Shares (C)	66,200		80,954
Lonking Holdings, Ltd.	277,000		81,907
Luye Pharma Group, Ltd. (B)(C)	104,000		50,112
Maoye International Holdings, Ltd.	301,000		13,678
Metallurgical Corp. of China, Ltd., H Shares	185,000		32,184
Minth Group, Ltd.	4,000		8,505
MOBI Development Company, Ltd.	70,000		7,322
Modern Land China Company, Ltd.	88,000		12,061
Nature Home Holding Company, Ltd. (A)	59,000		9,971
New China Life Insurance Company, Ltd., H Shares	13,500		41,569
NVC International Holdings, Ltd.	267,000		6,587
Orient Securities Company, Ltd., H Shares (C)	50,800		26,429
PetroChina Company, Ltd., ADR (B)	1,761		63,396
PetroChina Company, Ltd., H Shares	2,098,000		760,399
PICC Property & Casualty Company, Ltd., H Shares	428,000		409,844
Postal Savings Bank of China Company, Ltd., H Shares (C)	564,000		343,385
Powerlong Real Estate Holdings, Ltd.	178,000		103,644
Qingdao Port International Company, Ltd., H Shares (C)	19,000		10,340
Qingling Motors Company, Ltd., H Shares	128,000		26,031
Qunxing Paper Holdings Company, Ltd. (A)(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)	56,800	$	35,947
Ronshine China Holdings, Ltd. (A)	46,500		44,906
Sany Heavy Equipment International Holdings Company, Ltd.	44,000		23,214
Semiconductor Manufacturing International Corp. (A)	243,000		381,666
Shanghai Electric Group Company, Ltd., H Shares	158,000		41,503
Shanghai Jin Jiang Capital Company, Ltd., H Shares	244,000		40,705
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	75,000		126,551
Shengjing Bank Company, Ltd., H Shares (C)	17,500		15,907
Shenguan Holdings Group, Ltd. (A)	90,000		3,450
Shenwan Hongyuan Group Company, Ltd., H Shares (A)(B)(C)	70,400		16,339
Shui On Land, Ltd.	390,961		65,149
Sihuan Pharmaceutical Holdings Group, Ltd.	177,000		17,567
SINA Corp. (A)	7,964		253,574
Sino-Ocean Group Holding, Ltd.	333,973		84,570
Sinopec Engineering Group Company, Ltd., H Shares	129,000		53,695
Sinopec Shanghai Petrochemical Company, Ltd., H Shares	300,000		73,978
Sinopharm Group Company, Ltd., H Shares	64,400		142,691
Sinosoft Technology Group, Ltd.	104,000		15,794
Sinotrans, Ltd., H Shares	242,000		59,075
Sinotruk Hong Kong, Ltd.	106,500		174,939
SOHO China, Ltd.	247,000		126,195
Sun King Power Electronics Group	108,000		14,884
Sunshine 100 China Holdings, Ltd. (A)(C)	77,000		13,653
Tenwow International Holdings, Ltd. (A)(D)	121,000		4,448
The People's Insurance Company Group of China, Ltd., H Shares	342,000		112,024
Tian Ge Interactive Holdings, Ltd. (A)(C)	44,000		9,566
Tianneng Power International, Ltd. (B)	78,000		57,643
Trigiant Group, Ltd.	158,000		25,804
Trip.com Group, Ltd., ADR (A)	25,103		588,665
Weiqiao Textile Company, H Shares	73,500		14,191
West China Cement, Ltd.	380,000		58,430
Xiamen International Port Company, Ltd., H Shares	330,000		28,331
Xingda International Holdings, Ltd.	123,187		29,897
Xingfa Aluminium Holdings, Ltd.	29,000		23,537
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares	24,000		20,693
Xinming China Holdings, Ltd. (A)	2,000		284
Xinyuan Real Estate Company, Ltd., ADR	6,010		13,102
Xtep International Holdings, Ltd.	95,500		31,077
Yanzhou Coal Mining Company, Ltd., H Shares	262,000		202,961
Yiren Digital, Ltd., ADR (A)(B)	4,041		16,204
Yuzhou Properties Company, Ltd.	276,591		116,516
Zhejiang Glass Company, Ltd., H Shares (A)(D)	162,000		0
Zhengzhou Coal Mining Machinery Group Company, Ltd., H Shares	25,400		9,421

 

47

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Zhong An Group, Ltd. (A)	409,000	$	11,699
Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares	112,000		80,566
			32,340,534
Colombia - 0.2%
Banco de Bogota SA	1,741		30,431
Cementos Argos SA	24,726		24,896
Corp. Financiera Colombiana SA (A)	5,229		33,187
Grupo Argos SA	36,406		110,419
Grupo de Inversiones Suramericana SA	23,322		114,945
Grupo Nutresa SA	3,250		15,282
			329,160
Czech Republic - 0.2%
CEZ AS	17,418		284,145
Greece - 0.3%
Alpha Bank AE (A)	98,073		72,596
Bank of Greece	667		9,220
Ellaktor SA (A)	17,133		11,012
Eurobank Ergasias Services and Holdings SA (A)	179,251		74,999
Hellenic Petroleum SA	8,023		46,379
Mytilineos SA	10,218		68,293
National Bank of Greece SA (A)	69,994		92,347
Piraeus Bank SA (A)	33,087		47,267
			422,113
Hong Kong - 8.9%
Ajisen China Holdings, Ltd.	147,000		35,276
AMVIG Holdings, Ltd.	42,000		7,966
Anxin-China Holdings, Ltd. (A)(D)	1,648,000		0
APT Satellite Holdings, Ltd.	28,000		8,827
Asian Citrus Holdings, Ltd. (A)(D)	249,000		9,635
Atlas Corp. (A)	9,130		70,210
Beijing Enterprises Clean Energy Group, Ltd. (A)	600,000		2,851
Beijing Enterprises Holdings, Ltd.	40,000		145,979
Beijing Enterprises Water Group, Ltd. (A)	226,000		87,618
Beijing Properties Holdings, Ltd. (A)	366,000		4,891
Brilliance China Automotive Holdings, Ltd.	216,000		175,892
C C Land Holdings, Ltd.	240,126		54,724
CECEP COSTIN New Materials Group, Ltd. (A)(D)	348,000		0
Century Sunshine Group Holdings, Ltd. (A)	165,000		3,583
CGN New Energy Holdings Company, Ltd.	150,000		31,098
China Aerospace International Holdings, Ltd.	190,000		8,530
China Aircraft Leasing Group Holdings, Ltd.	23,000		20,125
China Everbright Greentech, Ltd. (B)(C)	43,000		17,959
China Everbright, Ltd.	114,000		167,104
China Fiber Optic Network System Group, Ltd. (A)(D)	150,800		5,446
China Foods, Ltd.	18,000		6,569
China High Precision Automation Group, Ltd. (A)(D)	18,000		2,159
China Jinmao Holdings Group, Ltd.	426,000		271,574
China Longevity Group Company, Ltd. (A)(D)	93,000		4,930
China Lumena New Materials Corp. (A)(B)(D)	2,036,000		0
China Merchants Land, Ltd.	260,000		40,096

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Merchants Port Holdings Company, Ltd.	104,064	$	118,217
China Mobile, Ltd.	606,000		4,541,535
China Mobile, Ltd., ADR	12,872		484,888
China New Town Development Company, Ltd.	300,165		4,995
China Oil & Gas Group, Ltd. (A)	1,020,000		31,919
China Overseas Grand Oceans Group, Ltd.	191,500		110,631
China Overseas Land & Investment, Ltd.	414,000		1,269,296
China Resources Cement Holdings, Ltd.	242,000		284,308
China Resources Land, Ltd.	316,000		1,289,752
China South City Holdings, Ltd.	498,000		47,739
China State Construction International Holdings, Ltd.	170,000		124,672
China Taiping Insurance Holdings Company, Ltd.	147,200		238,248
China Traditional Chinese Medicine Holdings Company, Ltd.	242,000		109,171
China Travel International Investment Hong Kong, Ltd.	314,000		38,894
China Unicom Hong Kong, Ltd.	630,000		367,448
China Unicom Hong Kong, Ltd., ADR (B)	20,072		118,023
China Vast Industrial Urban Development Company, Ltd. (C)	36,000		12,425
Chu Kong Shipping Enterprises Group Company, Ltd.	26,000		2,994
CIMC Enric Holdings, Ltd.	56,000		22,763
CITIC Resources Holdings, Ltd.	488,000		17,173
CITIC, Ltd.	505,130		523,512
Clear Media, Ltd.	13,000		11,694
Concord New Energy Group, Ltd.	690,000		26,125
COSCO SHIPPING International Hong Kong Company, Ltd.	59,625		16,655
COSCO SHIPPING Ports, Ltd.	150,438		72,039
CP Pokphand Company, Ltd.	94,000		7,358
Dawnrays Pharmaceutical Holdings, Ltd.	117,000		17,144
Digital China Holdings, Ltd.	42,000		18,846
Far East Horizon, Ltd.	183,000		146,474
GCL-Poly Energy Holdings, Ltd. (A)(B)	2,126,000		67,054
Gemdale Properties & Investment Corp., Ltd.	778,000		127,650
Glorious Property Holdings, Ltd. (A)	88,000		1,566
Goldlion Holdings, Ltd.	36,000		8,078
Goldpac Group, Ltd.	46,000		9,084
Hi Sun Technology China, Ltd. (A)	375,000		43,072
HKC Holdings, Ltd.	29,206		18,814
Hopson Development Holdings, Ltd.	90,000		80,013
Hua Han Health Industry Holdings, Ltd. (A)(D)	1,120,000		30,627
Jiayuan International Group, Ltd.	46,000		18,633
Joy City Property, Ltd.	328,000		25,541
Ju Teng International Holdings, Ltd.	200,000		36,730
Kingboard Holdings, Ltd.	88,130		204,306
Kingboard Laminates Holdings, Ltd.	97,000		88,755
Kunlun Energy Company, Ltd.	410,000		236,943
Lee & Man Paper Manufacturing, Ltd.	129,000		77,374
Lee's Pharmaceutical Holdings, Ltd.	69,000		31,552
Lifestyle China Group, Ltd. (A)	42,000		9,863
Min Xin Holdings, Ltd.	24,000		8,263
Mingyuan Medicare Development Company, Ltd. (A)(D)	1,300,000		0
Minmetals Land, Ltd.	272,000		34,616
NetDragon Websoft Holdings, Ltd.	3,500		8,363

 

48

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
New World Department Store China, Ltd. (A)	34,000	$	6,723
Nine Dragons Paper Holdings, Ltd.	185,000		167,614
Overseas Chinese Town Asia Holdings, Ltd.	52,000		14,244
Panda Green Energy Group, Ltd. (A)(B)	814,000		16,303
PAX Global Technology, Ltd.	104,000		39,008
Poly Property Group Company, Ltd.	266,453		89,447
Pou Sheng International Holdings, Ltd.	142,000		28,763
Shanghai Industrial Holdings, Ltd.	37,000		55,420
Shanghai Industrial Urban Development Group, Ltd.	520,000		49,093
Shanghai Zendai Property, Ltd. (A)	765,000		3,508
Shenzhen International Holdings, Ltd.	100,000		181,360
Shenzhen Investment, Ltd.	331,271		102,609
Shimao Property Holdings, Ltd.	142,500		493,851
Shougang Fushan Resources Group, Ltd.	364,000		65,923
Silver Grant International Holdings Group, Ltd. (A)	160,000		21,549
Sinofert Holdings, Ltd. (A)	300,000		27,660
Sinopec Kantons Holdings, Ltd.	160,000		60,544
Skyworth Group, Ltd.	244,000		51,555
Symphony Holdings, Ltd.	20,000		2,140
TCL Electronics Holdings, Ltd.	114,600		47,590
Texhong Textile Group, Ltd. (B)	32,000		24,214
Tian An China Investment Company, Ltd.	54,000		20,948
Tianjin Port Development Holdings, Ltd.	478,000		31,293
Tomson Group, Ltd.	85,714		19,454
Tongda Group Holdings, Ltd. (B)	590,000		33,203
Wasion Holdings, Ltd.	90,000		30,662
Yuexiu Property Company, Ltd.	829,542		148,222
Zhuhai Holdings Investment Group, Ltd.	84,000		12,978
			14,270,755
Hungary - 0.3%
MOL Hungarian Oil & Gas PLC	53,879		316,153
Richter Gedeon NYRT	9,328		175,917
			492,070
India - 11.6%
ACC, Ltd.	5,847		74,389
Adani Enterprises, Ltd.	21,676		38,681
Adani Gas, Ltd.	17,516		19,839
Adani Green Energy, Ltd. (A)	20,307		41,216
Adani Ports & Special Economic Zone, Ltd.	9,256		30,656
Adani Transmission, Ltd. (A)	9,644		24,151
Aditya Birla Capital, Ltd. (A)	55,560		30,951
Allcargo Logistics, Ltd.	10,467		7,938
Ambuja Cements, Ltd.	55,925		114,970
Apar Industries, Ltd.	2,063		8,043
Apollo Tyres, Ltd.	28,578		30,066
Arvind Fashions, Ltd. (A)	6,229		11,991
Arvind, Ltd.	12,009		3,133
Ashok Leyland, Ltd.	65,266		36,906
Aster DM Healthcare, Ltd. (A)(C)	4,365		5,408
Aurobindo Pharma, Ltd.	33,905		183,334
Axis Bank, Ltd.	127,914		638,686
Bajaj Holdings & Investment, Ltd.	5,412		128,744
Balmer Lawrie & Company, Ltd.	11,041		11,496
Balrampur Chini Mills, Ltd.	23,304		31,851
Bank of Baroda (A)	88,922		65,873
BEML, Ltd.	1,822		10,719
Bharat Electronics, Ltd.	59,808		58,214
Bharat Heavy Electricals, Ltd.	72,839		19,814
Bharti Airtel, Ltd. (A)	254,603		1,482,512

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Bharti Infratel, Ltd.	6,780	$	14,361
Birla Corp., Ltd.	4,591		25,336
Birlasoft, Ltd.	13,384		10,951
Brigade Enterprises, Ltd.	12,969		22,459
BSE, Ltd.	724		2,834
Cadila Healthcare, Ltd.	22,857		80,897
Canara Bank (A)	9,205		11,121
Ceat, Ltd.	2,623		28,020
CG Power and Industrial Solutions, Ltd. (A)	58,203		3,875
Chambal Fertilizers & Chemicals, Ltd.	24,429		34,362
Chennai Super Kings Cricket, Ltd. (A)(D)	207,315		6,166
Cholamandalam Financial Holdings, Ltd.	5,037		19,212
Cipla, Ltd.	35,701		198,117
Container Corp. of India, Ltd.	7,930		34,509
Cox & Kings, Ltd. (A)	24,940		179
Cyient, Ltd.	5,147		15,426
Dalmia Bharat, Ltd.	2,887		18,894
DB Corp., Ltd.	6,129		6,415
DCB Bank, Ltd.	23,624		29,800
DCM Shriram, Ltd.	10,563		30,343
Dishman Carbogen Amcis, Ltd.	5,361		3,764
DLF, Ltd.	53,266		95,956
Dr. Reddy's Laboratories, Ltd.	13,052		531,083
Edelweiss Financial Services, Ltd.	46,814		23,720
EID Parry India, Ltd.	14,915		27,344
Essel Propack, Ltd.	6,943		14,075
Exide Industries, Ltd.	11,886		20,473
Federal Bank, Ltd.	191,615		103,808
Finolex Industries, Ltd.	5,072		26,623
Firstsource Solutions, Ltd.	16,189		5,857
Fortis Healthcare, Ltd. (A)	81,232		133,953
Future Enterprises, Ltd. (A)	31,677		3,603
GAIL India, Ltd.	196,137		197,031
General Insurance Corp. of India (C)	8,025		11,147
GHCL, Ltd.	6,390		7,516
Glenmark Pharmaceuticals, Ltd.	13,855		37,391
Granules India, Ltd.	24,247		45,166
Grasim Industries, Ltd.	31,544		198,098
Gujarat Alkalies & Chemicals, Ltd.	3,130		9,197
Gujarat Ambuja Exports, Ltd.	7,910		10,885
Gujarat Fluorochemicals, Ltd. (A)	5,323		20,275
Gujarat Mineral Development Corp., Ltd.	23,433		9,551
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.	10,255		15,415
Gujarat Pipavav Port, Ltd.	15,449		12,470
Gujarat State Petronet, Ltd.	22,857		52,203
HBL Power Systems, Ltd.	18,476		2,670
Hero MotoCorp, Ltd.	389		8,120
HFCL, Ltd.	95,724		11,227
HIL, Ltd.	588		4,892
Himatsingka Seide, Ltd.	7,201		5,742
Hindalco Industries, Ltd.	140,404		175,403
ICICI Bank, Ltd.	223,707		963,384
ICICI Bank, Ltd., ADR	5,115		43,478
IDFC First Bank, Ltd. (A)	126,067		35,249
IDFC, Ltd.	67,378		13,274
IIFL Finance, Ltd.	38,108		37,463
IIFL Securities, Ltd.	47,890		19,713
IIFL Wealth Management, Ltd.	6,429		85,544
Indiabulls Housing Finance, Ltd.	33,338		42,784
Indiabulls Real Estate, Ltd. (A)	41,734		23,157
Indiabulls Ventures, Ltd.	3,974		5,802
Indian Bank (A)	13,953		7,950

 

49

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
IndusInd Bank, Ltd.	8,509	$	39,763
Jagran Prakashan, Ltd.	12,700		7,537
Jai Corp., Ltd.	10,722		7,126
JB Chemicals & Pharmaceuticals, Ltd.	3,820		25,431
Jindal Saw, Ltd.	29,627		17,967
Jindal Steel & Power, Ltd. (A)	52,794		56,809
JK Cement, Ltd.	3,406		42,131
JK Tyre & Industries, Ltd.	8,887		4,775
JM Financial, Ltd.	33,116		28,266
JMC Projects India, Ltd.	1,703		779
JSW Energy, Ltd.	51,942		29,397
JSW Steel, Ltd.	103,888		198,750
Jubilant Life Sciences, Ltd.	11,603		38,791
Just Dial, Ltd. (A)	2,041		7,877
Jyothy Labs, Ltd.	5,194		6,272
Kalpataru Power Transmission, Ltd.	9,196		22,101
Kaveri Seed Company, Ltd.	1,661		7,446
Kiri Industries, Ltd.	2,637		9,518
Kirloskar Brothers, Ltd.	6,377		7,264
KPIT Technologies, Ltd.	13,384		6,096
KPR Mill, Ltd.	4,562		20,631
KRBL, Ltd.	2,618		4,610
L&T Finance Holdings, Ltd.	60,193		40,539
Larsen & Toubro, Ltd.	42,727		456,455
Laurus Labs, Ltd. (C)	2,865		12,321
LIC Housing Finance, Ltd.	39,247		122,009
Linde India, Ltd.	5,094		32,710
Lupin, Ltd.	26,705		207,611
Magma Fincorp, Ltd.	19,104		4,269
Maharashtra Scooters, Ltd.	404		11,143
Maharashtra Seamless, Ltd.	4,212		10,861
Mahindra & Mahindra Financial Services, Ltd.	29,854		57,734
Mahindra & Mahindra, Ltd.	98,732		368,020
Mahindra CIE Automotive, Ltd. (A)	17,673		16,172
Mahindra Lifespace Developers, Ltd.	3,463		8,479
Manappuram Finance, Ltd.	41,072		51,358
Max India, Ltd. (A)	21,707		17,283
MOIL, Ltd.	14,559		19,592
Mphasis, Ltd.	13,286		115,397
MRF, Ltd.	99		76,544
Muthoot Finance, Ltd.	8,091		65,378
National Aluminium Company, Ltd.	86,920		33,342
NCC, Ltd.	25,675		6,426
NIIT, Ltd.	6,884		7,335
Nilkamal, Ltd.	1,287		16,942
NMDC, Ltd.	40,445		42,301
Oberoi Realty, Ltd.	6,103		27,247
Omaxe, Ltd.	5,567		11,166
PC Jeweller, Ltd. (A)	36,034		5,413
Persistent Systems, Ltd.	6,511		47,333
Phillips Carbon Black, Ltd.	7,735		6,475
Piramal Enterprises, Ltd.	10,610		132,286
PNB Housing Finance, Ltd. (C)	3,409		7,315
Polyplex Corp., Ltd.	2,563		10,211
Power Finance Corp., Ltd.	90,707		109,237
Prestige Estates Projects, Ltd.	26,933		59,973
Procter & Gamble Health, Ltd.	550		26,194
PTC India, Ltd.	31,315		16,233
Punjab National Bank (A)	97,317		41,460
Quess Corp., Ltd. (A)(C)	1,882		5,216
Rain Industries, Ltd.	22,684		16,945
Rajesh Exports, Ltd.	8,931		65,764
Rallis India, Ltd.	9,977		23,122
Ramco Industries, Ltd.	4,270		6,437

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Raymond, Ltd.	1,181	$	3,504
RBL Bank, Ltd. (C)	21,550		38,795
REC, Ltd.	89,160		104,899
Redington India, Ltd.	68,628		60,649
Reliance Industries, Ltd., GDR (C)	186,433		5,709,976
Repco Home Finance, Ltd.	5,371		8,384
Sharda Cropchem, Ltd.	2,311		3,281
Shriram City Union Finance, Ltd.	2,480		25,109
Shriram Transport Finance Company, Ltd.	18,874		162,574
Sobha, Ltd.	5,289		8,995
Somany Home Innovation, Ltd. (A)	8,910		8,029
State Bank of India (A)	124,809		322,807
Steel Authority of India, Ltd.	106,244		32,165
Sterlite Technologies, Ltd.	6,963		5,842
Strides Pharma Science, Ltd.	2,675		11,361
Sun Pharmaceutical Industries, Ltd.	70,742		327,628
Sun TV Network, Ltd.	1,700		6,401
Sunteck Realty, Ltd.	9,376		25,537
TAKE Solutions, Ltd.	7,707		4,054
Tata Chemicals, Ltd.	6,889		20,232
Tata Consumer Products, Ltd.	31,789		123,450
Tata Motors, Ltd. (A)	234,225		216,554
Tata Steel, Ltd.	45,303		160,777
Tech Mahindra, Ltd.	8,219		60,844
Techno Electric & Engineering Company, Ltd. (A)	7,028		22,038
The Anup Engineering, Ltd.	1,153		4,901
The Great Eastern Shipping Company, Ltd.	12,279		33,423
The India Cements, Ltd.	20,619		28,476
The Jammu & Kashmir Bank, Ltd. (A)	55,678		9,202
The Karnataka Bank, Ltd.	7,142		4,025
The Karur Vysya Bank, Ltd.	24,026		6,366
The KCP, Ltd.	9,336		5,208
The South Indian Bank, Ltd.	134,442		10,193
Tourism Finance Corp. of India, Ltd.	1,588		728
Transport Corp. of India, Ltd.	3,182		8,037
Trident, Ltd.	171,050		9,787
Tube Investments of India, Ltd.	3,266		11,837
TV18 Broadcast, Ltd. (A)	95,709		19,867
Uflex, Ltd.	7,789		13,985
Unichem Laboratories, Ltd.	6,860		14,086
UPL, Ltd.	19,363		84,273
VA Tech Wabag, Ltd. (A)	4,274		4,635
Vardhman Textiles, Ltd.	3,223		26,016
Vedanta, Ltd., ADR	72,140		256,818
Vodafone Idea, Ltd. (A)	803,348		32,760
Welspun Corp., Ltd.	14,025		11,564
Welspun Enterprises, Ltd.	9,451		4,973
Welspun India, Ltd.	12,315		3,503
Wipro, Ltd.	183,166		475,042
Wockhardt, Ltd. (A)	4,216		9,589
Yes Bank, Ltd.	196,614		57,957
Zee Entertainment Enterprises, Ltd.	73,055		118,698
			18,552,733
Indonesia - 1.6%
Adaro Energy Tbk PT	1,772,000		105,881
Adhi Karya Persero Tbk PT	235,600		7,673
AKR Corporindo Tbk PT	49,400		5,958
Alam Sutera Realty Tbk PT (A)	2,635,100		16,743
Aneka Tambang Tbk PT	938,306		25,742
Asahimas Flat Glass Tbk PT	62,500		9,519
Astra Agro Lestari Tbk PT	74,455		24,427
Astra International Tbk PT	669,200		159,102

 

50

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Astrindo Nusantara Infrastructure Tbk PT (A)	8,664,700	$	26,563
Bakrie Telecom Tbk PT (A)(D)	17,557,300		26,912
Bank Danamon Indonesia Tbk PT	132,094		16,853
Bank Mandiri Persero Tbk PT	1,884,440		535,769
Bank Negara Indonesia Persero Tbk PT	831,281		193,877
Bank Pan Indonesia Tbk PT (A)	695,197		29,243
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT	284,100		12,710
Bank Pembangunan Daerah Jawa Timur Tbk PT	625,600		16,827
Bank Tabungan Negara Persero Tbk PT	376,361		19,247
Barito Pacific Tbk PT (A)	1,502,000		65,822
Bekasi Fajar Industrial Estate Tbk PT	817,800		5,076
BISI International Tbk PT	290,800		11,029
Blue Bird Tbk PT	5,500		325
Bukit Asam Tbk PT	380,100		50,240
Bumi Serpong Damai Tbk PT (A)	499,400		20,328
Ciputra Development Tbk PT	1,696,244		45,739
Delta Dunia Makmur Tbk PT (A)	610,700		3,797
Elnusa Tbk PT	742,600		6,848
Erajaya Swasembada Tbk PT	222,700		12,606
Garuda Indonesia Persero Tbk PT (A)	578,500		6,406
Global Mediacom Tbk PT (A)	1,591,800		18,789
Indah Kiat Pulp & Paper Corp. Tbk PT	298,900		72,985
Indika Energy Tbk PT	225,300		9,491
Indo Tambangraya Megah Tbk PT	34,600		16,969
Indofood Sukses Makmur Tbk PT	483,100		186,893
Intiland Development Tbk PT	1,316,300		20,203
Japfa Comfeed Indonesia Tbk PT	499,770		28,858
Jaya Real Property Tbk PT	215,500		5,112
Kawasan Industri Jababeka Tbk PT (A)	3,708,599		27,764
Krakatau Steel Persero Tbk PT (A)	540,000		4,919
Lippo Karawaci Tbk PT (A)	5,991,748		48,977
Malindo Feedmill Tbk PT	128,500		3,180
Medco Energi Internasional Tbk PT (A)	853,233		19,990
Media Nusantara Citra Tbk PT	718,600		39,703
Pabrik Kertas Tjiwi Kimia Tbk PT	70,100		17,051
Paninvest Tbk PT (A)	116,800		4,513
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT	318,000		16,228
PP Persero Tbk PT	292,600		9,838
Salim Ivomas Pratama Tbk PT (A)	670,100		8,632
Sampoerna Agro Tbk PT (A)	260,500		39,878
Sentul City Tbk PT (A)	3,615,400		11,067
Siloam International Hospitals Tbk PT (A)	36,900		13,535
Sri Rejeki Isman Tbk PT	1,260,900		11,119
Suryainti Permata Tbk PT (A)(D)	1,446,000		0
Tiga Pilar Sejahtera Food Tbk PT (A)(D)	1,428,300		9,931
Timah Tbk PT	721,660		18,819
Trias Sentosa Tbk PT	1,032,800		22,579
Truba Alam Manunggal Engineering PT (A)(D)	11,991,500		0
Tunas Baru Lampung Tbk PT	484,800		14,351
United Tractors Tbk PT	202,200		208,225
Vale Indonesia Tbk PT (A)	224,100		29,509
Visi Media Asia Tbk PT (A)	2,030,800		6,224
Waskita Beton Precast Tbk PT	1,406,800		11,282
Waskita Karya Persero Tbk PT	533,700		15,772
Wijaya Karya Persero Tbk PT	349,400		17,699
XL Axiata Tbk PT (A)	403,300		49,156
			2,500,503
Malaysia - 2.3%
Aeon Company M BHD	28,600		7,422

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
AFFIN Bank BHD (A)	121,074	$	40,406
AirAsia Group BHD	217,600		39,702
Alliance Bank Malaysia BHD	129,100		56,547
AMMB Holdings BHD	204,262		141,662
Batu Kawan BHD	3,100		8,766
Berjaya Assets BHD (A)	77,400		5,285
Berjaya Corp. BHD (A)	422,593		21,782
Berjaya Land BHD (A)	244,400		9,035
BIMB Holdings BHD	25,400		19,018
Boustead Holdings BHD (A)	116,088		11,239
Cahya Mata Sarawak BHD	52,100		14,495
CIMB Group Holdings BHD	594,423		494,646
Cypark Resources BHD	54,200		9,472
DRB-Hicom BHD	93,400		28,467
Eastern & Oriental BHD	96,737		8,107
Eco World Development Group BHD (A)	84,300		7,955
Ekovest BHD (B)	146,600		12,955
FGV Holdings BHD (A)	198,000		39,173
Gamuda BHD	99,430		65,078
Genting BHD	204,300		176,707
Genting Malaysia BHD	247,000		114,562
Glomac BHD	106,040		7,414
HAP Seng Consolidated BHD	22,720		40,187
Hengyuan Refining Company BHD (A)	28,800		16,374
HeveaBoard BHD	105,300		7,537
Hiap Teck Venture BHD	285,900		7,184
Hong Leong Financial Group BHD	38,499		120,906
IJM Corp. BHD	264,060		96,581
Insas BHD	88,369		9,976
JAKS Resources BHD (A)	68,100		11,964
Jaya Tiasa Holdings BHD (A)	58,826		4,961
Keck Seng Malaysia BHD	11,300		9,298
KSL Holdings BHD (A)	63,900		6,589
Kumpulan Fima BHD	2,300		629
Land & General BHD	437,820		7,556
Lotte Chemical Titan Holding BHD (C)	29,800		8,005
Magnum BHD	131,400		57,710
Mah Sing Group BHD	268,700		23,461
Malayan Banking BHD	331,537		572,001
Malaysia Airports Holdings BHD	20,600		20,580
Malaysia Building Society BHD	174,766		22,539
Malaysian Resources Corp. BHD	202,400		18,304
Matrix Concepts Holdings BHD	17,400		6,320
MBM Resources BHD	11,400		7,245
Mega First Corp. BHD	2,500		2,559
MISC BHD	106,200		182,201
MKH BHD	49,230		10,511
MMC Corp. BHD	68,600		9,549
MNRB Holdings BHD	36,891		4,771
Muhibbah Engineering (M) BHD	69,300		11,983
Oriental Holdings BHD	44,420		51,479
OSK Holdings BHD	212,897		35,049
Petron Malaysia Refining & Marketing BHD	19,300		13,740
Pos Malaysia BHD	30,900		5,060
PPB Group BHD	30,500		115,644
RHB Bank BHD	140,789		153,193
Sapura Energy BHD (B)	1,155,500		21,150
Shangri-La Hotels Malaysia BHD	40,400		41,435
Sime Darby BHD	307,400		121,028
Sime Darby Property BHD	271,300		34,367
SP Setia BHD Group	173,900		29,571
Sunway BHD	140,407		50,233
Ta Ann Holdings BHD	50,348		23,866
TA Global BHD	126,500		6,572

 

51

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
Tan Chong Motor Holdings BHD	6,300	$	1,521
TIME dotCom BHD	7,900		16,818
Tropicana Corp. BHD (A)	154,431		28,855
UEM Edgenta BHD	32,900		17,403
UEM Sunrise BHD (A)	372,300		33,824
United Malacca BHD	11,900		11,010
UOA Development BHD	97,700		35,887
Velesto Energy BHD (A)	428,800		11,245
Vivocom International Holdings BHD (A)	1,011,666		3,513
Wah Seong Corp. BHD	1,709		211
WCT Holdings BHD (A)	190,652		16,359
YNH Property BHD (A)	34,619		21,593
YTL Corp. BHD	640,114		106,889
			3,644,891
Mexico - 2.4%
Alfa SAB de CV, Class A	431,015		115,192
Alpek SAB de CV	49,200		17,691
Arca Continental SAB de CV	31,287		126,282
Banco del Bajio SA (C)	80,257		69,287
Cemex SAB de CV	1,109,474		232,441
Consorcio ARA SAB de CV	25,993		3,923
Corp. Actinver SAB de CV	16,024		6,214
Credito Real SAB de CV	47,738		33,626
El Puerto de Liverpool SAB de CV, Series C1 (B)	13,794		29,719
Gentera SAB de CV	115,192		44,528
Grupo Aeromexico SAB de CV (A)	36,410		14,550
Grupo Carso SAB de CV, Series A1	39,869		78,301
Grupo Cementos de Chihuahua SAB de CV	14,906		43,984
Grupo Comercial Chedraui SA de CV	42,589		45,026
Grupo Elektra SAB de CV	2,552		147,381
Grupo Famsa SAB de CV, Class A (A)	38,394		3,205
Grupo Financiero Banorte SAB de CV, Series O	183,982		504,113
Grupo Financiero Inbursa SAB de CV, Series O	182,650		130,891
Grupo Industrial Saltillo SAB de CV	49,634		43,938
Grupo KUO SAB de CV, Series B	51,692		113,309
Grupo Mexico SAB de CV, Series B	474,618		880,112
Grupo Pochteca SAB de CV (A)	9,600		2,630
Grupo Sanborns SAB de CV	135,592		123,746
Grupo Sports World SAB de CV (A)	9,300		6,245
Grupo Televisa SAB	202,588		235,787
Industrias Bachoco SAB de CV, Series B	14,121		39,882
Industrias CH SAB de CV, Series B	28,160		104,342
Industrias Penoles SAB de CV	12,262		82,403
Minera Frisco SAB de CV, Series A1 (A)	70,737		4,860
Minera Frisco SAB de CV, Series A2 (A)	41,686		4,569
Nemak SAB de CV (C)	122,637		20,472
Orbia Advance Corp. SAB de CV (B)	82,670		91,164
Organizacion Cultiba SAB de CV	67,503		36,992
Organizacion Soriana SAB de CV, Series B	403,359		304,018
Promotora y Operadora de Infraestructura SAB de CV (A)	1,200		8,052
Promotora y Operadora de Infraestructura SAB de CV, L Shares (A)	3,141		16,551
Unifin Financiera SAB de CV	21,575		17,153
Vitro SAB de CV, Series A (A)	6,357		7,369
			3,789,948
Philippines - 1.2%
Alliance Global Group, Inc. (A)	382,700		52,382

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Philippines (continued)
Altus San Nicolas Corp. (A)(D)	11,509	$	1,169
Ayala Corp.	11,620		106,246
Bank of the Philippine Islands	74,260		90,341
BDO Unibank, Inc.	154,227		311,768
Cebu Air, Inc.	27,720		24,651
China Banking Corp.	75,528		29,863
Cosco Capital, Inc.	388,900		36,271
DMCI Holdings, Inc.	144,200		10,670
East West Banking Corp. (A)	74,300		11,235
EEI Corp.	43,000		4,313
Filinvest Development Corp.	119,475		19,631
Filinvest Land, Inc.	937,500		16,718
First Philippine Holdings Corp.	37,430		35,333
Global Ferronickel Holdings, Inc. (A)	283,424		3,173
GT Capital Holdings, Inc.	4,619		36,856
JG Summit Holdings, Inc.	271,920		279,025
LT Group, Inc.	159,800		26,039
Megaworld Corp.	839,700		41,148
Metropolitan Bank & Trust Company	130,973		102,704
Nickel Asia Corp.	533,320		16,309
Petron Corp.	505,400		25,085
Philex Mining Corp.	161,300		6,456
Philippine National Bank (A)	65,310		25,639
Philtown Properties, Inc. (A)(D)	3,844		116
Phoenix Petroleum Philippines, Inc.	22,200		4,458
Premium Leisure Corp.	815,000		4,875
Puregold Price Club, Inc.	14,700		10,504
RFM Corp.	133,500		11,229
Rizal Commercial Banking Corp.	62,703		21,097
Robinsons Land Corp.	474,668		138,097
Robinsons Retail Holdings, Inc.	8,570		9,609
San Miguel Corp.	75,250		135,140
Security Bank Corp.	15,410		32,346
Top Frontier Investment Holdings, Inc. (A)	58,734		151,519
Union Bank of the Philippines	43,950		45,954
Vista Land & Lifescapes, Inc.	763,000		61,089
			1,939,058
Poland - 0.7%
Alior Bank SA (A)	8,706		26,911
Amica SA	769		15,629
Bank Millennium SA (A)	57,979		44,727
Boryszew SA (A)	12,781		11,574
Ciech SA (A)	2,826		18,241
Develia SA	62,185		28,394
Enea SA (A)	24,198		27,481
Grupa Azoty SA (A)	4,728		23,452
Grupa Kety SA	25		1,907
Grupa Lotos SA	4,036		50,371
Jastrzebska Spolka Weglowa SA	2,583		7,601
KGHM Polska Miedz SA (A)	15,387		219,920
Lubelski Wegiel Bogdanka SA	2,164		9,310
mBank SA (A)	914		48,849
PGE Polska Grupa Energetyczna SA (A)	63,994		58,661
PKP Cargo SA	5,709		14,095
Polski Koncern Naftowy ORLEN SA	30,903		413,539
Powszechna Kasa Oszczednosci Bank Polski SA	12,049		65,402
Stalexport Autostrady SA	15,820		9,390
Tauron Polska Energia SA (A)(B)	106,161		28,473
			1,123,927
Russia - 1.8%
Gazprom PJSC, ADR	236,505		1,072,488
LUKOIL PJSC, ADR	25,265		1,488,910
Rosneft Oil Company PJSC, GDR	40,504		163,035

 

52

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Russia (continued)
RusHydro PJSC, ADR	74,896	$	53,486
VTB Bank PJSC, GDR	86,297		69,409
			2,847,328
South Africa - 4.2%
Absa Group, Ltd.	60,771		252,823
AECI, Ltd.	20,749		85,922
African Oxygen, Ltd.	7,992		7,717
African Rainbow Minerals, Ltd.	16,497		91,402
Alexander Forbes Group Holdings, Ltd.	120,790		29,276
Allied Electronics Corp., Ltd., A Shares	11,825		12,304
Alviva Holdings, Ltd.	22,754		6,673
AngloGold Ashanti, Ltd.	47,828		810,301
ArcelorMittal South Africa, Ltd. (A)	65,616		2,551
Aspen Pharmacare Holdings, Ltd. (A)	28,458		148,852
Assore, Ltd.	5,182		86,003
Astral Foods, Ltd.	4,628		49,464
Balwin Properties, Ltd.	6,271		928
Barloworld, Ltd.	29,177		106,005
Blue Label Telecoms, Ltd. (A)	44,582		4,337
Caxton & CTP Publishers & Printers, Ltd.	19,879		6,635
DataTec, Ltd.	17,642		27,650
Discovery, Ltd.	31,320		136,568
Distell Group Holdings, Ltd.	3,034		13,187
EOH Holdings, Ltd. (A)	24,231		4,276
Exxaro Resources, Ltd.	24,309		133,253
FirstRand, Ltd.	51,748		116,129
Gold Fields, Ltd., ADR	171,175		813,081
Grindrod, Ltd.	84,437		14,431
Harmony Gold Mining Company, Ltd. (A)	10,790		23,255
Hudaco Industries, Ltd.	5,065		19,797
Imperial Logistics, Ltd.	28,993		42,355
Investec, Ltd.	25,084		47,509
Invicta Holdings, Ltd. (A)	2,127		849
KAP Industrial Holdings, Ltd.	382,818		32,255
Lewis Group, Ltd.	14,408		14,320
Liberty Holdings, Ltd.	18,643		68,687
Life Healthcare Group Holdings, Ltd.	120,405		124,367
Long4Life, Ltd. (A)	31,563		5,079
Massmart Holdings, Ltd.	9,208		14,006
Metair Investments, Ltd.	28,785		22,231
Momentum Metropolitan Holdings (B)	162,536		141,878
Motus Holdings, Ltd.	14,065		21,477
Mpact, Ltd.	23,460		10,392
MTN Group, Ltd. (B)	206,982		554,992
Murray & Roberts Holdings, Ltd.	233,005		73,393
Nampak, Ltd. (A)	106,426		5,789
Nedbank Group, Ltd.	43,983		204,385
Ninety One, Ltd. (A)	12,542		24,088
Novus Holdings, Ltd.	30,686		3,285
Oceana Group, Ltd.	2,614		8,072
Old Mutual, Ltd. (B)	238,727		158,374
Omnia Holdings, Ltd. (A)	32,706		42,095
Pepkor Holdings, Ltd. (C)	42,396		25,677
Peregrine Holdings, Ltd.	27,974		23,814
PPC, Ltd. (A)	168,790		16,006
Raubex Group, Ltd.	31,032		30,139
RCL Foods, Ltd.	35,643		20,249
Reunert, Ltd.	22,587		55,124
Sanlam, Ltd.	25,489		72,583
Sappi, Ltd. (A)	61,862		73,108
Sasol, Ltd.	59,943		124,170
Sibanye Stillwater, Ltd. (A)	294,517		371,656
Standard Bank Group, Ltd.	144,669		827,958

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Africa (continued)
Steinhoff International Holdings NV (A)(B)	999,171	$	61,259
Super Group, Ltd. (A)	49,845		34,624
Telkom SA SOC, Ltd.	37,622		42,823
The Bidvest Group, Ltd.	7,132		58,145
The Foschini Group, Ltd.	21,973		82,054
Tiger Brands, Ltd.	12,335		127,769
Tongaat Hulett, Ltd. (A)	15,397		1,898
Trencor, Ltd. (A)	40,666		19,267
Truworths International, Ltd.	18,165		25,459
Tsogo Sun Gaming, Ltd.	58,771		10,275
Wilson Bayly Holmes-Ovcon, Ltd.	9,168		41,314
			6,768,069
South Korea - 14.7%
Aekyung Petrochemical Company, Ltd.	2,084		9,747
AJ Networks Company, Ltd.	2,832		6,845
AK Holdings, Inc.	743		10,813
Asia Cement Company, Ltd.	32		1,233
ASIA Holdings Company, Ltd.	241		14,798
Autech Corp.	2,390		22,485
BNK Financial Group, Inc.	33,829		122,766
Bookook Securities Company, Ltd.	501		6,611
Busan City Gas Company, Ltd.	58		1,449
Chongkundang Holdings Corp.	334		28,642
Chosun Refractories Company, Ltd.	338		19,634
CJ CheilJedang Corp.	1,034		182,636
CJ Corp.	2,236		117,742
CJ Freshway Corp.	575		7,271
CJ Logistics Corp. (A)	1,124		124,660
CKD Bio Corp.	797		18,698
Cosmax BTI, Inc.	798		6,983
D.I. Corp.	4,680		9,102
Dae Dong Industrial Company, Ltd.	3,364		11,138
Dae Han Flour Mills Company, Ltd.	232		21,355
Dae Won Kang Up Company, Ltd.	4,385		10,013
Daelim Industrial Company, Ltd.	3,627		217,479
Daesang Corp.	2,028		28,037
Daesang Holdings Company, Ltd.	2,310		9,855
Daewoo Engineering & Construction Company, Ltd. (A)	24,993		59,510
Daewoong Company, Ltd.	2,495		22,731
Dahaam E-Tec Company, Ltd. (A)	2,630		60,492
Daihan Pharmaceutical Company, Ltd.	563		13,215
Daishin Securities Company, Ltd.	3,901		27,173
Daou Data Corp.	3,288		16,563
Daou Technology, Inc.	3,359		40,467
DB Financial Investment Company, Ltd.	7,633		18,707
DB Insurance Company, Ltd.	6,909		195,769
DB, Inc. (A)	19,825		9,124
Deutsch Motors, Inc. (A)	3,827		18,258
DGB Financial Group, Inc.	22,082		82,738
DHP Korea Company, Ltd.	2,213		11,639
DI Dong Il Corp.	211		9,086
Dongkuk Industries Company, Ltd.	8,476		14,106
Dongkuk Steel Mill Company, Ltd. (A)	6,404		19,187
Dongsuh Companies, Inc.	1,818		23,565
Dongwha Enterprise Company, Ltd.	1,327		14,053
Dongwon Development Company, Ltd.	9,567		25,590
Dongwon F&B Company, Ltd.	122		16,647
Dongwon Industries Company, Ltd.	176		24,850
Doosan Bobcat, Inc.	4,079		59,806
Doosan Company, Ltd.	554		15,014
Doosan Fuel Cell Company, Ltd. (A)	1,854		7,812
Doosan Heavy Industries & Construction Company, Ltd. (A)	20,559		56,948

 

53

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Doosan Infracore Company, Ltd. (A)	22,297	$	56,882
Doosan Solus Company, Ltd. (A)	1,022		15,296
DoubleUGames Company, Ltd.	873		30,945
DTR Automotive Corp.	1,179		24,385
e Tec E&C, Ltd.	188		12,884
Easy Bio, Inc.	4,032		11,770
E-MART, Inc.	2,274		197,271
EM-Tech Company, Ltd. (A)	1,579		8,279
Eugene Corp.	6,888		18,873
Eugene Investment & Securities Company, Ltd.	11,471		16,712
Eusu Holdings Company, Ltd. (A)	1,407		6,236
Farmsco	2,687		6,973
Green Cross Corp.	331		37,077
GS Engineering & Construction Corp.	8,550		142,058
GS Global Corp. (A)	7,813		7,946
GS Holdings Corp.	7,652		230,683
GS Home Shopping, Inc.	370		32,034
GS Retail Company, Ltd.	2,350		59,585
Gwangju Shinsegae Company, Ltd.	152		16,542
Halla Holdings Corp.	1,446		31,946
Hana Financial Group, Inc.	35,399		665,983
Hana Micron, Inc.	4,519		14,839
Handsome Company, Ltd.	1,545		24,548
Hanil Cement Company, Ltd.	609		30,604
Hanil Holdings Company, Ltd.	595		16,620
Hanjin Transportation Company, Ltd.	878		21,895
Hankook Tire & Technology Company, Ltd.	9,820		155,074
Hansae Company, Ltd.	2,265		16,663
Hanshin Construction Company, Ltd.	1,844		16,408
Hansol Holdings Company, Ltd. (A)	5,241		11,543
Hansol Paper Company, Ltd.	2,920		24,953
Hansol Technics Company, Ltd. (A)	3,325		13,646
Hanwha Aerospace Company, Ltd. (A)	2,248		37,601
Hanwha Corp.	5,442		67,460
Hanwha General Insurance Company, Ltd. (A)	5,427		7,517
Hanwha Investment & Securities Company, Ltd. (A)	15,071		17,118
Hanwha Life Insurance Company, Ltd.	43,282		48,827
Hanwha Solutions Corp.	11,907		129,496
Harim Holdings Company, Ltd.	5,472		22,812
HDC Holdings Company, Ltd.	6,598		39,754
Heungkuk Fire & Marine Insurance Company, Ltd. (A)	6,321		11,682
Hitejinro Holdings Company, Ltd.	995		8,147
Huchems Fine Chemical Corp.	1,199		14,470
Huvis Corp.	3,715		12,888
Huvitz Company, Ltd.	1,341		7,419
Hyosung Advanced Materials Corp. (A)	154		7,622
Hyosung Corp.	1,204		60,004
Hyosung Heavy Industries Corp. (A)	1,359		14,264
Hyundai Construction Equipment Company, Ltd. (A)	2,494		30,180
Hyundai Corp.	1,339		11,647
Hyundai Corp. Holdings, Inc.	1,811		11,385
Hyundai Department Store Company, Ltd.	1,847		88,815
Hyundai Electric & Energy System Company, Ltd. (A)	3,875		20,499
Hyundai Engineering & Construction Company, Ltd.	7,065		157,559
Hyundai Glovis Company, Ltd.	2,273		168,207
Hyundai Greenfood Company, Ltd.	5,234		28,161

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Hyundai Heavy Industries Holdings Company, Ltd.	1,124	$	181,018
Hyundai Home Shopping Network Corp.	652		30,933
Hyundai Hy Communications & Network Company, Ltd.	8,894		24,532
Hyundai Livart Furniture Company, Ltd.	1,327		7,676
Hyundai Marine & Fire Insurance Company, Ltd.	8,489		156,966
Hyundai Mipo Dockyard Company, Ltd.	3,528		77,731
Hyundai Mobis Company, Ltd.	6,116		846,013
Hyundai Motor Company	16,193		1,166,568
Hyundai Motor Securities Company, Ltd.	3,480		19,814
Hyundai Steel Company	10,755		157,242
Hyundai Wia Corp.	2,177		47,293
Industrial Bank of Korea	37,892		231,525
Interpark Holdings Corp.	5,387		5,723
INTOPS Company, Ltd.	1,374		11,090
Inzi Controls Company, Ltd.	1,539		4,056
Iones Company, Ltd. (A)	2,017		7,371
IS Dongseo Company, Ltd.	1,589		29,095
Jahwa Electronics Company, Ltd. (A)	2,057		9,830
JB Financial Group Company, Ltd.	25,449		93,105
Jeil Savings Bank (A)(D)	1,820		0
KAON Media Company, Ltd.	3,151		12,415
KB Financial Group, Inc.	5,839		164,216
KB Financial Group, Inc., ADR (B)	41,520		1,128,929
KC Company, Ltd.	1,496		15,402
KCC Corp.	347		36,524
KCC Glass Corp. (A)	326		4,914
Kia Motors Corp.	32,179		677,333
KISCO Corp.	4,131		10,916
KISCO Holdings Company, Ltd.	1,536		12,236
KISWIRE, Ltd.	1,351		15,166
KIWOOM Securities Company, Ltd.	1,432		81,493
Kolmar Korea Holdings Company, Ltd.	1,323		19,228
Kolon Corp.	898		8,973
Kolon Industries, Inc.	2,219		54,113
Korea Asset In Trust Company, Ltd.	9,061		14,517
Korea Autoglass Corp.	1,289		13,116
Korea Electric Terminal Company, Ltd.	561		11,135
Korea Information & Communications Company, Ltd. (A)	2,302		13,679
Korea Investment Holdings Company, Ltd.	5,594		225,532
Korea Line Corp. (A)	2,569		27,773
Korea Petrochemical Industrial Company, Ltd.	441		31,371
Korea Real Estate Investment & Trust Company, Ltd.	14,635		19,643
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	3,532		224,447
Korea Zinc Company, Ltd.	845		245,910
Korean Air Lines Company, Ltd. (A)	6,344		96,008
Korean Reinsurance Company	9,470		56,503
Kortek Corp.	1,806		12,344
KPX Chemical Company, Ltd.	660		23,189
KSS LINE, Ltd.	3,562		19,349
KT Skylife Company, Ltd.	1,768		8,777
KT&G Corp.	11,680		715,135
KTB Investment & Securities Company, Ltd.	8,806		14,560
Kukdo Chemical Company, Ltd.	308		9,755
Kumho Petrochemical Company, Ltd.	2,132		112,551
Kumho Tire Company, Inc. (A)	7,054		17,683

 

54

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Kyeryong Construction Industrial Company, Ltd.	1,547	$	16,591
Kyongbo Pharmaceutical Company, Ltd.	2,419		13,171
LF Corp.	2,312		20,288
LG Corp.	8,426		408,156
LG Display Company, Ltd., ADR	85,968		381,698
LG Electronics, Inc.	16,836		661,957
LG Hausys, Ltd.	659		18,943
LG HelloVision Company, Ltd.	3,836		9,587
LG International Corp.	2,902		21,656
LG Uplus Corp.	18,651		163,855
Lotte Chemical Corp.	1,969		309,109
Lotte Chilsung Beverage Company, Ltd.	305		21,244
Lotte Corp.	2,012		39,411
Lotte Fine Chemical Company, Ltd.	1,849		46,730
Lotte Food Company, Ltd.	34		8,379
Lotte Himart Company, Ltd.	1,006		12,841
Lotte Non-Life Insurance Company, Ltd. (A)	5,459		5,844
Lotte Shopping Company, Ltd.	1,153		70,507
LS Corp.	1,793		42,133
LS Industrial Systems Company, Ltd.	2,098		58,816
Mando Corp.	4,424		74,434
Meritz Financial Group, Inc.	4,707		39,679
Meritz Fire & Marine Insurance Company, Ltd.	7,460		74,173
Meritz Securities Company, Ltd.	47,395		109,377
Mirae Asset Daewoo Company, Ltd.	33,985		145,424
Mirae Asset Life Insurance Company, Ltd.	15,142		38,437
MK Electron Company, Ltd.	4,085		19,019
Muhak Company, Ltd. (A)	2,080		8,221
Namyang Dairy Products Company, Ltd.	58		14,068
Nexen Corp.	3,733		11,114
Nexen Tire Corp.	6,465		24,776
NH Investment & Securities Company, Ltd.	17,050		124,777
NHN Corp. (A)	941		52,397
Nong Shim Holdings Company, Ltd.	402		23,083
NongShim Company, Ltd.	255		60,268
NS Shopping Company, Ltd.	1,078		5,396
OCI Company, Ltd. (A)	1,606		45,443
Orion Holdings Corp.	2,756		27,182
Paik Kwang Industrial Company, Ltd.	8,300		15,438
Pan Ocean Company, Ltd. (A)	26,446		63,643
Paradise Company, Ltd.	2,760		28,972
Poonglim Industrial Company, Ltd. (A)(D)	189		13
Poongsan Corp.	2,423		34,782
Poongsan Holdings Corp.	753		15,223
POSCO	11,241		1,479,179
Posco International Corp.	5,969		55,276
Protec Company, Ltd.	1,723		18,647
Pulmuone Company, Ltd.	2,270		17,055
Rayence Company, Ltd.	1,351		10,115
S&T Dynamics Company, Ltd.	2,942		13,247
S&T Holdings Company, Ltd.	1,460		15,502
S&T Motiv Company, Ltd.	1,396		31,495
Sajo Industries Company, Ltd.	611		11,767
Sam Young Electronics Company, Ltd.	938		5,357
Sambo Motors Company, Ltd. (A)	2,520		6,733
Samho Development Company, Ltd.	4,213		13,248
Sammok S-Form Company, Ltd.	1,315		6,096
SAMPYO Cement Company, Ltd.	4,134		8,441
Samsung C&T Corp.	4,883		356,296

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Samsung Card Company, Ltd.	3,308	$	81,517
Samsung Electronics Company, Ltd.	14,927		580,384
Samsung Electronics Company, Ltd.	130		128,588
Samsung Fire & Marine Insurance Company, Ltd.	3,605		455,933
Samsung Heavy Industries Company, Ltd. (A)	37,701		119,678
Samsung Life Insurance Company, Ltd.	8,124		284,322
Samsung Securities Company, Ltd.	6,247		149,664
SAMT Company, Ltd.	11,604		17,067
Samyang Corp.	258		6,380
Samyang Holdings Corp.	535		18,025
Sangsangin Company, Ltd.	7,001		34,656
Sebang Company, Ltd.	1,153		7,262
Sebang Global Battery Company, Ltd.	921		19,690
Sejong Industrial Company, Ltd.	1,547		3,715
Shindaeyang Paper Company, Ltd.	267		11,311
Shinhan Financial Group Company, Ltd.	2,494		58,345
Shinhan Financial Group Company, Ltd., ADR	66,083		1,540,395
Shinsegae Engineering & Construction Company, Ltd.	621		9,110
Shinsegae Food Company, Ltd.	268		10,328
Shinsegae Information & Communication Company, Ltd.	294		23,084
Shinsegae, Inc.	994		176,263
Shinwha Intertek Corp.	4,441		7,555
Shinyoung Securities Company, Ltd. (A)	970		36,532
Silla Company, Ltd.	1,581		11,253
Sindoh Company, Ltd.	1,086		19,842
SK Chemicals Company, Ltd.	1,133		78,207
SK Discovery Company, Ltd.	1,496		25,832
SK Gas, Ltd.	603		30,957
SK Holdings Company, Ltd.	2,806		383,819
SK Innovation Company, Ltd.	6,098		431,469
SK Networks Company, Ltd.	21,423		79,424
SK Securities Company, Ltd.	27,076		11,276
SKC Company, Ltd.	2,860		86,676
SL Corp.	1,618		17,449
S-Oil Corp.	3,860		179,320
Spigen Korea Company, Ltd.	448		12,109
Ssangyong Cement Industrial Company, Ltd.	12,378		45,763
Ssangyong Motor Company (A)	4,060		4,716
Sungshin Cement Company, Ltd.	3,637		16,453
Sungwoo Hitech Company, Ltd.	2,984		6,105
Sunjin Company, Ltd.	2,276		11,584
Taekwang Industrial Company, Ltd.	65		33,435
Taeyoung Engineering & Construction Company, Ltd.	4,388		40,818
Telechips, Inc.	2,964		15,979
Tongyang Life Insurance Company, Ltd.	7,644		14,612
Tovis Company, Ltd.	1,305		7,310
TS Corp.	1,273		16,374
Unid Company, Ltd.	746		20,780
WiSoL Company, Ltd.	2,088		15,245
Wonik Holdings Company, Ltd. (A)	5,948		16,226
Woori Financial Group, Inc.	63,343		394,092
YeaRimDang Publishing Company, Ltd. (A)	4,078		7,079
Young Poong Corp.	51		20,048
Youngone Corp.	3,192		58,433
Youngone Holdings Company, Ltd.	920		25,067
Yuanta Securities Korea Company, Ltd. (A)	11,703		18,802

 

55

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Zeus Company, Ltd.	1,798	$	11,702
			23,518,914
Taiwan - 17.7%
Acer, Inc.	256,452		132,180
ACES Electronic Company, Ltd.	18,000		11,115
Advanced International Multitech Company, Ltd.	13,000		12,700
Advancetek Enterprise Company, Ltd.	35,186		17,020
AGV Products Corp. (A)	87,716		19,853
Allis Electric Company, Ltd.	36,050		19,631
Alpha Networks, Inc.	35,000		19,122
AmTRAN Technology Company, Ltd. (A)	53,000		11,393
Apacer Technology, Inc.	11,000		12,971
APCB, Inc.	37,000		23,171
Apex International Company, Ltd.	7,000		10,843
Ardentec Corp.	45,000		30,595
ASE Technology Holding Company, Ltd.	91,000		176,269
Asia Cement Corp.	265,805		345,108
Asia Polymer Corp.	47,253		21,735
Asia Tech Image, Inc.	12,000		17,357
Asia Vital Components Company, Ltd.	48,328		47,875
Asustek Computer, Inc.	74,000		501,048
Audix Corp.	21,000		25,702
AVY Precision Technology, Inc. (A)	24,498		15,666
BES Engineering Corp.	227,700		43,865
Capital Securities Corp.	327,403		101,378
Career Technology MFG. Company, Ltd.	60,000		46,005
Casetek Holdings, Ltd.	22,000		25,946
Catcher Technology Company, Ltd.	96,000		614,098
Cathay Financial Holding Company, Ltd.	952,423		1,108,472
Cathay Real Estate Development Company, Ltd.	46,400		26,356
Central Reinsurance Company, Ltd.	31,500		17,714
Champion Building Materials Company, Ltd. (A)	65,132		8,620
Chang Hwa Commercial Bank, Ltd. (B)	463,394		292,552
Channel Well Technology Company, Ltd.	16,000		9,721
CHC Healthcare Group	21,000		22,637
Chen Full International Company, Ltd.	15,000		14,933
Cheng Loong Corp.	68,320		46,279
Cheng Uei Precision Industry Company, Ltd.	56,629		54,138
Chien Kuo Construction Company, Ltd.	57,600		16,038
Chilisin Electronics Corp.	24,000		63,509
China Airlines, Ltd.	264,910		57,706
China Bills Finance Corp.	167,000		77,135
China Chemical & Pharmaceutical Company, Ltd.	34,000		21,007
China Development Financial Holding Corp.	1,043,208		255,602
China General Plastics Corp.	34,000		15,789
China Life Insurance Company, Ltd. (B)	282,719		156,372
China Man-Made Fiber Corp.	171,552		29,414
China Metal Products Company, Ltd.	42,513		31,601
China Motor Corp.	30,250		24,819
China Petrochemical Development Corp.	275,677		66,201
China Steel Corp.	1,881,180		1,178,386
China Wire & Cable Company, Ltd.	26,380		24,243
Chin-Poon Industrial Company, Ltd.	43,571		29,761
Chipbond Technology Corp.	80,000		129,549
ChipMOS Technologies, Inc.	66,938		58,554
Chong Hong Construction Company, Ltd.	10,000		24,719
Chun Yuan Steel Industry Company, Ltd.	133,874		38,273

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Chung Hung Steel Corp.	38,625	$	8,430
Chung Hwa Pulp Corp.	108,977		24,103
Chung-Hsin Electric & Machinery Manufacturing Corp.	46,500		34,255
CMC Magnetics Corp. (A)	152,470		32,881
Compal Electronics, Inc. (B)	523,000		298,526
Compeq Manufacturing Company, Ltd.	111,000		113,266
Continental Holdings Corp.	74,050		24,086
Coretronic Corp.	53,000		48,568
CTBC Financial Holding Company, Ltd.	2,343,348		1,379,856
DA CIN Construction Company, Ltd.	20,000		12,890
Darfon Electronics Corp.	16,000		15,698
Darwin Precisions Corp.	37,000		11,215
Delpha Construction Company, Ltd.	2,261		1,163
Depo Auto Parts Industrial Company, Ltd.	21,000		29,809
Dynamic Electronics Company, Ltd. (A)	68,762		31,972
Dynapack International Technology Corp.	10,000		20,600
E Ink Holdings, Inc.	76,000		61,228
E.Sun Financial Holding Company, Ltd.	71,002		56,678
Edom Technology Company, Ltd.	34,000		15,952
Elite Semiconductor Memory Technology, Inc.	35,000		32,347
Elitegroup Computer Systems Company, Ltd. (A)	65,104		17,594
EnTie Commercial Bank Company, Ltd.	103,000		44,037
Epistar Corp. (A)	119,312		101,170
Eson Precision Ind Company, Ltd.	12,000		10,269
Eternal Materials Company, Ltd.	12,000		8,936
Eva Airways Corp.	287,725		83,957
Everest Textile Company, Ltd. (A)	98,085		18,224
Evergreen International Storage & Transport Corp.	85,600		32,428
Evergreen Marine Corp. Taiwan, Ltd. (A)(B)	475,655		144,768
Everlight Chemical Industrial Corp.	83,250		33,362
Everlight Electronics Company, Ltd.	74,000		60,263
Excelsior Medical Company, Ltd.	26,573		44,400
Far Eastern Department Stores, Ltd.	148,720		106,184
Far Eastern International Bank	341,171		113,089
Far Eastern New Century Corp.	408,249		303,588
Farglory Land Development Company, Ltd.	44,530		55,677
First Financial Holding Company, Ltd.	906,781		585,963
First Steamship Company, Ltd.	77,807		22,057
Formosa Advanced Technologies Company, Ltd.	25,000		26,645
Formosa Chemicals & Fibre Corp. (B)	233,000		513,092
Formosa Laboratories, Inc.	19,542		24,081
Formosa Taffeta Company, Ltd.	67,000		67,779
Formosan Rubber Group, Inc.	33,020		16,114
Formosan Union Chemical	48,812		19,254
Foxconn Technology Company, Ltd.	83,626		136,189
Froch Enterprise Company, Ltd.	33,060		10,577
Fubon Financial Holding Company, Ltd.	874,417		1,080,803
Fulltech Fiber Glass Corp.	45,000		13,191
G Shank Enterprise Company, Ltd.	40,535		24,584
Gemtek Technology Corp. (A)	32,000		19,793
General Interface Solution Holding, Ltd.	29,000		75,459
Giantplus Technology Company, Ltd.	31,000		8,134
Gigabyte Technology Company, Ltd.	43,000		72,188
Gigastorage Corp. (A)	39,000		11,563
Global Brands Manufacture, Ltd.	40,806		15,742
Globe Union Industrial Corp.	51,750		19,725

 

56

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Gloria Material Technology Corp.	83,684	$	42,250
Gold Circuit Electronics, Ltd. (A)	44,000		35,348
Goldsun Building Materials Company, Ltd.	188,714		68,555
Grand Ocean Retail Group, Ltd.	13,000		8,284
Grand Pacific Petrochemical (A)	77,000		32,556
Great China Metal Industry	33,000		21,588
Great Wall Enterprise Company, Ltd.	29,754		36,322
Hannstar Board Corp.	37,492		40,673
HannStar Display Corp.	320,842		54,765
HannsTouch Solution, Inc. (A)	64,000		19,254
Hey Song Corp.	50,000		49,335
Ho Tung Chemical Corp.	150,399		30,224
Hon Hai Precision Industry Company, Ltd.	1,055,448		2,429,924
Hong Pu Real Estate Development Company, Ltd.	27,000		18,145
Hsing TA Cement Company, Ltd.	38,000		20,069
HUA ENG Wire & Cable Company, Ltd. (A)	42,000		11,293
Hua Nan Financial Holdings Company, Ltd.	702,905		418,161
Hung Sheng Construction, Ltd.	52,800		26,487
IBF Financial Holdings Company, Ltd.	479,807		164,113
Ichia Technologies, Inc.	25,000		8,996
Innolux Corp. (B)	792,561		136,602
Integrated Service Technology, Inc.	9,000		9,792
International CSRC Investment Holdings Company	124,383		79,195
Inventec Corp.	267,000		204,736
Jarllytec Company, Ltd.	9,000		17,698
Jess-Link Products Company, Ltd.	13,000		11,572
Jih Sun Financial Holdings Company, Ltd.	272,330		79,045
Kaimei Electronic Corp.	19,000		18,431
Kenda Rubber Industrial Company, Ltd.	38,000		32,482
King Yuan Electronics Company, Ltd. (B)	183,796		182,485
King's Town Bank Company, Ltd.	131,000		122,391
King's Town Construction Company, Ltd. (A)	7,300		7,305
Kinpo Electronics, Inc.	183,269		59,424
Kinsus Interconnect Technology Corp.	22,000		29,246
Kuo Toong International Company, Ltd.	18,248		8,122
Kwong Fong Industries Corp.	20,878		6,817
L&K Engineering Company, Ltd.	17,000		12,185
Lealea Enterprise Company, Ltd.	132,124		28,281
Lida Holdings, Ltd.	4,640		4,180
Lingsen Precision Industries, Ltd. (A)	73,481		20,028
Lite-On Technology Corp.	164,000		223,105
Longchen Paper & Packaging Company, Ltd.	134,378		51,002
Macronix International (B)	129,000		107,605
Mega Financial Holding Company, Ltd.	830,472		779,813
Mercuries & Associates Holding, Ltd.	43,469		29,314
Mercuries Life Insurance Company, Ltd. (A)	50,998		13,824
Mitac Holdings Corp.	96,711		86,346
MPI Corp.	16,000		26,847
Nan Ya Printed Circuit Board Corp. (A)	33,000		59,693
Nanya Technology Corp.	148,000		260,478
Nien Hsing Textile Company, Ltd.	27,310		12,791
Nishoku Technology, Inc.	7,800		12,833
O-Bank Company, Ltd.	48,000		10,300
OptoTech Corp.	68,439		39,809

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Pacific Construction Company	38,289	$	11,170
Pan Jit International, Inc.	13,000		8,142
Pan-International Industrial Corp.	44,481		24,486
Pegatron Corp.	250,660		478,325
Pou Chen Corp.	283,348		239,491
President Securities Corp.	93,845		40,161
Prince Housing & Development Corp.	240,555		72,504
Prodisc Technology, Inc. (A)(D)	762,000		0
Qisda Corp.	210,280		102,665
Quanta Storage, Inc.	23,000		20,294
Quintain Steel Company, Ltd.	53,200		11,034
Radium Life Tech Company, Ltd.	102,621		30,296
Rechi Precision Company, Ltd.	20,000		9,843
Ritek Corp. (A)	107,000		14,823
Ruentex Development Company, Ltd.	51,562		64,924
Ruentex Industries, Ltd.	33,000		75,606
Sampo Corp.	43,470		24,437
San Far Property, Ltd. (A)	25,000		10,709
Sanyang Motor Company, Ltd.	48,000		30,694
Sesoda Corp.	39,734		28,158
Shan-Loong Transportation Company, Ltd.	23,000		21,697
Sheng Yu Steel Company, Ltd.	22,000		10,600
ShenMao Technology, Inc.	8,000		4,702
Shihlin Electric & Engineering Corp.	21,000		27,446
Shin Kong Financial Holding Company, Ltd.	1,092,767		274,074
Shining Building Business Company, Ltd. (A)	55,118		14,904
Shinkong Insurance Company, Ltd.	34,000		37,690
Shinkong Synthetic Fibers Corp.	132,239		43,616
Sigurd Microelectronics Corp.	47,773		48,580
Sincere Navigation Corp.	24,000		8,865
Sinher Technology, Inc.	8,000		8,227
Sinon Corp.	71,650		44,856
SinoPac Financial Holdings Company, Ltd.	1,133,931		413,210
Sirtec International Company, Ltd.	23,800		19,708
Siward Crystal Technology Company, Ltd.	20,000		10,239
Sunplus Technology Company, Ltd. (A)	58,000		16,324
Sunrex Technology Corp.	22,678		19,882
Sunspring Metal Corp.	26,000		15,935
Supreme Electronics Company, Ltd.	12,000		11,925
Sweeten Real Estate Development Company, Ltd.	38,470		23,764
Synnex Technology International Corp.	134,000		163,775
TA Chen Stainless Pipe	68,000		60,092
Ta Ya Electric Wire & Cable	89,893		24,295
Taichung Commercial Bank Company, Ltd.	402,037		137,045
Taiflex Scientific Company, Ltd.	24,100		33,106
Tainan Spinning Company, Ltd.	189,638		51,014
Taishin Financial Holding Company, Ltd.	910,177		350,385
Taita Chemical Company, Ltd.	62,220		16,686
Taiwan Business Bank	562,884		179,143
Taiwan Cement Corp. (B)	769,815		999,770
Taiwan Chinsan Electronic Industrial Company, Ltd.	14,000		13,627
Taiwan Cooperative Financial Holding Company, Ltd.	839,025		506,684
Taiwan Fertilizer Company, Ltd.	65,000		89,293
Taiwan Fire & Marine Insurance Company, Ltd.	41,000		24,952

 

57

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan FU Hsing Industrial Company, Ltd.	31,000	$	36,923
Taiwan Glass Industry Corp.	170,319		41,546
Taiwan Hon Chuan Enterprise Company, Ltd.	40,000		65,087
Taiwan Kolin Company, Ltd. (A)(D)	327,000		0
Taiwan PCB Techvest Company, Ltd.	49,000		46,434
Taiwan Styrene Monomer	38,000		17,133
Taiwan Surface Mounting Technology Corp.	26,225		59,241
Taiyen Biotech Company, Ltd.	26,137		24,742
Tatung Company, Ltd. (A)	116,000		74,848
Teco Electric & Machinery Company, Ltd.	132,000		104,844
The Ambassador Hotel	29,000		23,681
Thye Ming Industrial Company, Ltd.	31,000		29,041
Ton Yi Industrial Corp.	119,000		31,400
Tong Yang Industry Company, Ltd.	40,627		42,692
Tong-Tai Machine & Tool Company, Ltd.	46,588		16,387
TOPBI International Holdings, Ltd.	7,000		13,403
Topoint Technology Company, Ltd.	29,190		16,264
TPK Holding Company, Ltd. (A)	41,000		46,692
Tsann Kuen Enterprise Company, Ltd.	7,000		3,159
TSRC Corp.	28,000		13,418
Tung Ho Steel Enterprise Corp.	120,000		85,464
TXC Corp.	51,000		73,646
TYC Brother Industrial Company, Ltd.	15,511		10,350
Tycoons Group Enterprise (A)	30,371		3,506
Tyntek Corp.	36,000		11,353
U-Ming Marine Transport Corp.	67,000		57,328
Unimicron Technology Corp.	152,000		159,531
Union Bank of Taiwan (A)	336,927		109,624
Unitech Printed Circuit Board Corp.	102,194		65,113
United Microelectronics Corp.	1,814,794		813,684
United Renewable Energy Company, Ltd. (A)	258,417		40,058
Universal Cement Corp.	27,483		14,340
Unizyx Holding Corp. (A)	34,000		13,794
UPC Technology Corp.	117,751		30,854
USI Corp.	162,996		53,961
Wah Lee Industrial Corp.	26,000		40,956
Walsin Lihwa Corp.	268,000		96,781
Walton Advanced Engineering, Inc.	72,584		18,780
Wan Hai Lines, Ltd.	112,050		50,622
Weikeng Industrial Company, Ltd.	25,000		10,778
Well Shin Technology Company, Ltd.	15,000		20,174
Winbond Electronics Corp.	476,793		177,104
Wintek Corp. (A)(D)	543,000		0
Wisdom Marine Lines Company, Ltd. (A)	45,274		32,343
Wistron Corp.	393,291		317,949
Wistron NeWeb Corp.	13,000		22,299
WPG Holdings, Ltd.	203,400		238,094
WT Microelectronics Company, Ltd.	50,174		56,552
Xxentria Technology Materials Corp.	8,000		12,960
YC INOX Company, Ltd.	59,800		43,308
Yea Shin International Development Company, Ltd.	20,906		9,393
Yem Chio Company, Ltd.	122,324		39,351
Yeong Guan Energy Technology Group Company, Ltd. (A)	13,000		21,682
YFY, Inc.	189,202		71,922
Yi Jinn Industrial Company, Ltd.	51,613		18,893
Yieh Phui Enterprise Company, Ltd.	289,899		74,408

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Youngtek Electronics Corp.	27,000	$	36,971
Yuanta Financial Holding Company, Ltd.	1,338,319		683,285
Yuen Chang Stainless Steel Company, Ltd.	19,007		8,810
Yulon Motor Company, Ltd.	125,000		60,280
Zenitron Corp.	45,000		25,313
Zhen Ding Technology Holding, Ltd.	44,000		134,468
Zig Sheng Industrial Company, Ltd.	67,908		13,354
			28,327,511
Thailand - 2.4%
AAPICO Hitech PCL	144,720		31,924
AJ Plast PCL	43,100		9,804
Amata Corp. PCL	106,800		32,145
AP Thailand PCL	223,670		25,793
Asia Aviation PCL, NVDR (A)	109,300		3,489
Bangchak Corp. PCL	91,600		41,501
Bangkok Airways PCL	116,100		14,128
Bangkok Bank PCL	12,800		39,644
Bangkok Bank PCL, NVDR	14,500		44,270
Bangkok Insurance PCL	4,550		30,430
Bangkok Land PCL	1,059,200		26,360
Bangkok Life Assurance PCL, NVDR	55,200		19,871
Bangkok Ranch PCL (A)	92,300		3,944
Bank of Ayudhya PCL, NVDR	2,900		1,671
Banpu PCL (B)	401,300		63,832
Berli Jucker PCL	111,800		136,395
Charoen Pokphand Foods PCL	422,900		311,463
Eastern Polymer Group PCL	158,300		16,845
Esso Thailand PCL	84,000		10,695
GFPT PCL	43,900		11,554
Global Green Chemicals PCL	67,700		12,184
Hana Microelectronics PCL	54,900		38,065
Indorama Ventures PCL	128,800		83,370
IRPC PCL	943,100		60,676
Italian-Thai Development PCL	477,400		10,908
Kasikornbank PCL, NVDR	134,700		374,634
Khon Kaen Sugar Industry PCL	192,600		8,576
Kiatnakin Bank PCL	19,400		22,832
Krung Thai Bank PCL	265,400		91,514
LH Financial Group PCL	709,300		19,430
LPN Development PCL	52,900		5,274
MBK PCL	45,000		17,887
Millcon Steel PCL	143,086		2,459
Polyplex Thailand PCL	81,900		23,232
Precious Shipping PCL (A)	39,300		3,008
Pruksa Holding PCL	78,800		22,036
PTT Exploration & Production PCL	166,800		339,486
PTT Global Chemical PCL	156,400		143,974
PTT PCL	938,700		867,829
Quality Houses PCL	746,900		42,188
Regional Container Lines PCL (A)	94,200		5,225
Rojana Industrial Park PCL	113,100		12,728
Saha-Union PCL	16,100		16,472
Sansiri PCL	1,026,866		18,390
SC Asset Corp. PCL	476,596		26,391
Siam Future Development PCL	167,749		18,656
Somboon Advance Technology PCL	51,300		12,329
SPCG PCL	18,000		7,809
Sri Trang Agro-Industry PCL	123,300		41,061
Srithai Superware PCL	283,000		4,118
Star Petroleum Refining PCL	153,100		20,413
STP & I PCL	21,600		2,294
Supalai PCL	151,900		68,836
Super Energy Corp. PCL	743,000		7,822
Syntec Construction PCL	156,500		4,740

 

58

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
Thai Airways International PCL (A)	61,300	$	6,022
Thai Oil PCL	85,600		79,151
Thai Stanley Electric PCL	700		2,642
Thanachart Capital PCL	37,300		37,517
The Siam Commercial Bank PCL	98,600		207,387
Thitikorn PCL	100		20
TMB Bank PCL	1,334,352		35,725
TPI Polene PCL	559,900		18,901
TPI Polene Power PCL	283,200		26,311
True Corp. PCL	1,139,000		108,621
Univentures PCL	51,700		3,744
Vinythai PCL	9,700		5,189
			3,863,834
Turkey - 0.7%
Akbank T.A.S. (A)(B)	287,261		241,210
Bera Holding AS (A)	37,692		15,827
Enka Insaat ve Sanayi AS	63,349		59,533
Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (A)(D)	54,846		784
Gozde Girisim Sermayesi Yatirim Ortakligi AS (A)	35,592		15,366
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A	23,866		6,857
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D	77,523		22,278
NET Holding AS (A)	40,130		8,371
Trakya Cam Sanayii AS	83,945		36,298
Turk Hava Yollari AO (A)(B)	80,925		110,595
Turkiye Garanti Bankasi AS (A)	227,810		279,395
Turkiye Halk Bankasi AS (A)	56,201		42,742
Turkiye Is Bankasi AS, Class C (A)	131,554		93,875
Turkiye Sinai Kalkinma Bankasi AS (A)	256,576		36,450
Turkiye Sise ve Cam Fabrikalari AS	38,140		23,862
Turkiye Vakiflar Bankasi TAO, Class D (A)	91,535		63,917
Uzel Makina Sanayii AS (A)(D)	22,930		0
Yapi ve Kredi Bankasi AS (A)	254,969		72,529
			1,129,889
Ukraine - 0.1%
Kernel Holding SA	9,824		78,001
United States - 0.1%
Nexteer Automotive Group, Ltd.	64,000		31,749
Textainer Group Holdings, Ltd. (A)	5,689		45,123
			76,872
TOTAL COMMON STOCKS (Cost $230,146,595)		$	153,974,900
PREFERRED SECURITIES - 1.5%
Brazil - 1.4%
Banco ABC Brasil SA	9,474		24,140

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Brazil (continued)
Banco Bradesco SA	46,957	$	187,698
Banco do Estado do Rio Grande do Sul SA, B Shares	30,800		70,715
Cia Ferro Ligas da Bahia	5,956		14,867
Eucatex SA Industria e Comercio	4,200		3,637
Gerdau SA	120,676		233,405
Marcopolo SA	55,200		26,240
Petroleo Brasileiro SA	632,277		1,702,345
Usinas Siderurgicas de Minas Gerais SA, A Shares	15,010		14,212
			2,277,259
Colombia - 0.1%
Grupo Argos SA	23,975		55,599
Grupo de Inversiones Suramericana SA	11,343		46,858
			102,457
Panama - 0.0%
Avianca Holdings SA	41,390		5,095
TOTAL PREFERRED SECURITIES (Cost $4,892,421)		$	2,384,811
SHORT-TERM INVESTMENTS - 2.4%
Short-term funds - 2.4%
John Hancock Collateral Trust, 1.1260% (E)(F)	385,850		3,857,533
TOTAL SHORT-TERM INVESTMENTS (Cost $3,857,728)		$	3,857,533
Total Investments (Emerging Markets Value Trust) (Cost $238,896,744) - 100.2%		$	160,217,244
Other assets and liabilities, net - (0.2%)			(283,168)
TOTAL NET ASSETS - 100.0%		$	159,934,076

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 3-31-20. The value of securities on loan amounted to $3,115,163.
(C)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	Jun 2020	$1,075,581	$1,097,980	$22,399
						$22,399

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

59

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Equity Income Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 95.5%
Communication services – 5.9%
Diversified telecommunication services – 2.3%
AT&T, Inc.	109,964	$	3,205,451
CenturyLink, Inc.	92,672		876,677
Telefonica SA	600,876		2,734,640
Verizon Communications, Inc.	380,659		20,452,808
			27,269,576
Entertainment – 0.5%
The Walt Disney Company	67,508		6,521,273
Media – 3.1%
Comcast Corp., Class A	448,088		15,405,265
Fox Corp., Class B	544,232		12,452,028
News Corp., Class A	1,085,957		9,746,464
			37,603,757
			71,394,606
Consumer discretionary – 2.1%
Hotels, restaurants and leisure – 1.3%
Las Vegas Sands Corp.	259,460		11,019,266
McDonald's Corp.	18,200		3,009,370
MGM Resorts International	103,646		1,223,023
Royal Caribbean Cruises, Ltd. (A)	34,300		1,103,431
			16,355,090
Leisure products – 0.5%
Mattel, Inc. (A)(B)	635,379		5,597,689
Multiline retail – 0.3%
Kohl's Corp.	273,511		3,990,525
			25,943,304
Consumer staples – 9.2%
Food and staples retailing – 0.8%
Walmart, Inc.	92,155		10,470,651
Food products – 4.3%
Bunge, Ltd.	121,054		4,966,846
Conagra Brands, Inc.	730,030		21,419,080
Kellogg Company	39,794		2,387,242
Mondelez International, Inc., Class A	12,300		615,984
Tyson Foods, Inc., Class A	408,588		23,644,988
			53,034,140
Household products – 2.0%
Kimberly-Clark Corp.	186,910		23,900,182
Tobacco – 2.1%
Philip Morris International, Inc.	347,251		25,335,433
			112,740,406
Energy – 7.7%
Energy equipment and services – 0.1%
Halliburton Company	203,100		1,391,235
Oil, gas and consumable fuels – 7.6%
Chevron Corp.	42,445		3,075,565
Enbridge, Inc.	60,500		1,759,945
EOG Resources, Inc.	66,200		2,377,904
Exxon Mobil Corp.	398,437		15,128,653
Hess Corp.	30,134		1,003,462
Occidental Petroleum Corp. (A)	499,659		5,786,051
Pioneer Natural Resources Company	66,153		4,640,633
Suncor Energy, Inc.	49,700		785,260
Targa Resources Corp.	445,511		3,078,481
TC Energy Corp.	526,639		23,330,108
TOTAL SA	778,138		29,319,286
TOTAL SA, ADR	51,100		1,902,964
			92,188,312
			93,579,547
Financials – 20.0%

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks – 8.3%
Bank of America Corp.	71,245	$	1,512,531
Fifth Third Bancorp	976,361		14,498,961
JPMorgan Chase & Co.	322,435		29,028,823
The PNC Financial Services Group, Inc.	103,491		9,906,159
U.S. Bancorp	212,717		7,328,101
Wells Fargo & Company	1,359,293		39,011,709
			101,286,284
Capital markets – 4.5%
Franklin Resources, Inc.	339,105		5,659,662
Morgan Stanley	644,931		21,927,654
Northern Trust Corp.	46,411		3,502,174
Raymond James Financial, Inc.	106,289		6,717,465
State Street Corp.	320,552		17,075,805
			54,882,760
Diversified financial services – 0.6%
Equitable Holdings, Inc.	464,021		6,705,103
Insurance – 6.6%
American International Group, Inc.	657,571		15,946,097
Chubb, Ltd.	231,469		25,852,773
Loews Corp.	309,182		10,768,809
Marsh & McLennan Companies, Inc.	42,407		3,666,509
MetLife, Inc.	581,855		17,787,307
Willis Towers Watson PLC	40,175		6,823,724
			80,845,219
			243,719,366
Health care – 14.8%
Biotechnology – 3.2%
AbbVie, Inc.	262,747		20,018,694
Gilead Sciences, Inc.	254,605		19,034,270
			39,052,964
Health care equipment and supplies – 2.9%
Becton, Dickinson and Company	40,652		9,340,610
Medtronic PLC	223,455		20,151,172
Zimmer Biomet Holdings, Inc.	55,003		5,559,703
			35,051,485
Health care providers and services – 3.3%
Anthem, Inc.	81,227		18,441,778
CVS Health Corp.	381,046		22,607,459
			41,049,237
Pharmaceuticals – 5.4%
Bristol-Myers Squibb Company	103,511		5,769,703
GlaxoSmithKline PLC	288,182		5,407,494
GlaxoSmithKline PLC, ADR	46,400		1,758,096
Johnson & Johnson	239,475		31,402,357
Pfizer, Inc.	663,424		21,654,159
			65,991,809
			181,145,495
Industrials – 11.4%
Aerospace and defense – 3.4%
L3Harris Technologies, Inc.	121,553		21,894,126
The Boeing Company	116,186		17,327,980
United Technologies Corp.	28,895		2,725,665
			41,947,771
Air freight and logistics – 1.8%
United Parcel Service, Inc., Class B	239,996		22,420,426
Airlines – 0.5%
Alaska Air Group, Inc.	220,624		6,281,165
Building products – 0.4%
Johnson Controls International PLC	183,641		4,950,961

 

60

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies – 0.8%
Stericycle, Inc. (A)(B)	191,627	$	9,309,240
Electrical equipment – 0.8%
Emerson Electric Company	149,721		7,134,206
nVent Electric PLC	160,253		2,703,468
			9,837,674
Industrial conglomerates – 2.1%
General Electric Company	3,154,807		25,049,168
Machinery – 0.9%
Flowserve Corp.	24,587		587,383
PACCAR, Inc.	93,635		5,723,908
Snap-on, Inc.	33,654		3,662,228
Stanley Black & Decker, Inc.	6,600		660,000
			10,633,519
Professional services – 0.7%
Nielsen Holdings PLC	645,005		8,088,363
			138,518,287
Information technology – 8.3%
Communications equipment – 1.5%
Cisco Systems, Inc.	454,376		17,861,521
IT services – 0.2%
Cognizant Technology Solutions Corp., Class A	45,597		2,118,893
Semiconductors and semiconductor equipment – 4.7%
Applied Materials, Inc.	204,559		9,372,893
NXP Semiconductors NV	37,942		3,146,530
QUALCOMM, Inc.	491,369		33,241,113
Texas Instruments, Inc.	119,287		11,920,350
			57,680,886
Software – 1.8%
Microsoft Corp.	139,653		22,024,675
Technology hardware, storage and peripherals – 0.1%
Western Digital Corp.	38,335		1,595,503
			101,281,478
Materials – 4.3%
Chemicals – 3.2%
Akzo Nobel NV	25,409		1,671,115
CF Industries Holdings, Inc.	484,278		13,172,362
Dow, Inc.	198,752		5,811,508
DuPont de Nemours, Inc.	491,517		16,760,730
PPG Industries, Inc.	24,407		2,040,425
			39,456,140
Containers and packaging – 1.1%
International Paper Company	435,997		13,572,587
			53,028,727
Real estate – 3.3%
Equity real estate investment trusts – 3.3%
Equity Residential	193,834		11,961,496
Rayonier, Inc.	425,769		10,026,860
SL Green Realty Corp.	129,257		5,570,977
Weyerhaeuser Company	784,367		13,295,021
			40,854,354
Utilities – 8.5%
Electric utilities – 5.2%
Edison International	297,232		16,285,341
NextEra Energy, Inc.	49,262		11,853,422
The Southern Company	651,817		35,289,372
			63,428,135
Multi-utilities – 3.3%
CenterPoint Energy, Inc.	505,003		7,802,296

Equity Income Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
NiSource, Inc.		914,257	$	22,828,997
Sempra Energy		82,367		9,306,647
				39,937,940
				103,366,075
TOTAL COMMON STOCKS (Cost $1,321,120,122)			$	1,165,571,645
PREFERRED SECURITIES – 2.6%
Energy – 0.8%
Oil, gas and consumable fuels – 0.8%
Sempra Energy, 6.000%		77,626		7,181,958
Sempra Energy, 6.750%		24,765		2,326,176
				9,508,134
Health care – 0.9%
Health care equipment and supplies – 0.9%
Becton, Dickinson and Company, 6.125%		218,508		11,423,598
Utilities – 0.9%
Electric utilities – 0.9%
NextEra Energy, Inc., 5.279%		102,055		4,499,605
The Southern Company, 6.750%		134,102		5,954,129
				10,453,734
TOTAL PREFERRED SECURITIES (Cost $33,088,664)			$	31,385,466
CONVERTIBLE BONDS - 0.2%
Financials - 0.2%
AXA SA 7.250%, 05/15/2021 (C)	$	3,124,000		2,265,806
TOTAL CONVERTIBLE BONDS (Cost $3,124,000)			$	2,265,806
SHORT-TERM INVESTMENTS – 2.8%
Short-term funds – 2.8%
John Hancock Collateral Trust, 1.1260% (D)(E)		1,877,830		18,773,603
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		3,000,000		3,000,000
T. Rowe Price Government Reserve Fund, 0.9288% (D)		13,084,509		13,084,509
TOTAL SHORT-TERM INVESTMENTS (Cost $34,870,146)			$	34,858,112
Total Investments (Equity Income Trust) (Cost $1,392,202,932) – 101.1%			$	1,234,081,029
Other assets and liabilities, net – (1.1%)				(13,734,281)
TOTAL NET ASSETS – 100.0%			$	1,220,346,748

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $18,264,923.
(B)	Non-income producing security.
(C)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

 

61

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Financial Industries Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 94.4%
Financials – 74.5%
Banks – 32.4%
1st Source Corp.	19,972	$	647,692
American Business Bank (A)	22,397		489,374
American River Bankshares	12,896		111,164
Ameris Bancorp	32,862		780,801
Atlantic Union Bankshares Corp.	42,993		941,547
Bank of America Corp.	138,017		2,930,101
Bank of Marin Bancorp	21,294		638,820
Baycom Corp. (A)	24,336		293,249
BOK Financial Corp.	21,171		901,038
Business First Bancshares, Inc.	11,516		155,466
California Bancorp, Inc. (A)	15,177		176,812
Cambridge Bancorp	7,905		411,060
Citigroup, Inc.	39,238		1,652,705
Citizens Financial Group, Inc.	68,488		1,288,259
Coastal Financial Corp. (A)	25,954		272,777
Evans Bancorp, Inc.	14,809		360,007
First Merchants Corp.	37,896		1,003,865
Flushing Financial Corp.	6,866		91,730
German American Bancorp, Inc.	14,642		401,923
Glacier Bancorp, Inc.	20,982		713,493
HBT Financial, Inc.	28,559		300,726
Heritage Commerce Corp.	44,714		342,956
Heritage Financial Corp.	18,638		372,760
JPMorgan Chase & Co.	38,923		3,504,238
KeyCorp	114,463		1,186,981
Level One Bancorp, Inc.	15,125		272,250
Live Oak Bancshares, Inc.	19,712		245,809
M&T Bank Corp.	9,579		990,756
Metrocity Bankshares, Inc.	13,282		155,931
Nicolet Bankshares, Inc. (A)	12,003		655,124
Pacific Premier Bancorp, Inc.	26,557		500,334
PacWest Bancorp (B)	39,927		715,492
Pinnacle Financial Partners, Inc.	27,299		1,024,804
Red River Bancshares, Inc.	1,279		47,604
Southern First Bancshares, Inc. (A)	11,359		322,255
Stock Yards Bancorp, Inc.	27,736		802,402
SVB Financial Group (A)	9,857		1,489,196
TCF Financial Corp.	27,399		620,861
The First Bancshares, Inc.	16,784		320,071
TriCo Bancshares	38,631		1,151,976
U.S. Bancorp	26,612		916,783
Western Alliance Bancorp	55,389		1,695,457
Zions Bancorp NA	44,856		1,200,347
			33,096,996
Capital markets – 14.7%
3i Group PLC	95,190		922,355
Ares Management Corp., Class A	77,146		2,386,126
Brookfield Asset Management, Inc., Class A	2,409		106,598
Cboe Global Markets, Inc.	24,282		2,167,169
Close Brothers Group PLC	85,633		1,190,684
CME Group, Inc.	8,063		1,394,173
KKR & Company, Inc., Class A	90,887		2,133,118
The Blackstone Group, Inc., Class A	52,739		2,403,316
Tradeweb Markets, Inc., Class A	54,427		2,288,111
			14,991,650
Consumer finance – 1.8%
American Express Company	10,905		933,577
Discover Financial Services	25,592		912,867
			1,846,444
Diversified financial services – 5.5%
Berkshire Hathaway, Inc., Class B (A)	6,262		1,144,881
Equitable Holdings, Inc.	96,947		1,400,884

Financial Industries Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified financial services (continued)
Eurazeo SE		8,950	$	401,583
Onex Corp.		18,435		674,758
Voya Financial, Inc.		49,753		2,017,484
				5,639,590
Insurance – 19.2%
Aon PLC		15,811		2,609,447
Arch Capital Group, Ltd. (A)		44,765		1,274,012
Argo Group International Holdings, Ltd.		19,426		719,928
Arthur J. Gallagher & Company		30,697		2,502,112
Assured Guaranty, Ltd.		30,835		795,235
Axis Capital Holdings, Ltd.		10,920		422,058
Cincinnati Financial Corp.		18,710		1,411,670
Kinsale Capital Group, Inc.		27,088		2,831,509
Palomar Holdings, Inc. (A)		41,760		2,428,762
The Hanover Insurance Group, Inc.		20,648		1,870,296
The Hartford Financial Services Group, Inc.		27,034		952,678
Willis Towers Watson PLC		10,556		1,792,936
				19,610,643
Thrifts and mortgage finance – 0.9%
First Defiance Financial Corp.		36,628		539,897
OP Bancorp		33,503		249,932
Provident Financial Services, Inc.		12,614		162,216
				952,045
				76,137,368
Information technology – 11.4%
IT services – 11.4%
Adyen NV (A)(C)		3,396		2,901,281
EVERTEC, Inc.		34,773		790,390
Fidelity National Information Services, Inc.		4,948		601,875
Fiserv, Inc. (A)		14,648		1,391,414
Global Payments, Inc.		6,491		936,197
Visa, Inc., Class A		24,980		4,024,778
WEX, Inc. (A)		9,515		994,793
				11,640,728
Real estate – 8.5%
Equity real estate investment trusts – 7.7%
Lexington Realty Trust		106,449		1,057,039
Monmouth Real Estate Investment Corp.		54,403		655,556
Nippon Prologis REIT, Inc.		445		1,119,660
Plymouth Industrial REIT, Inc.		36,794		410,621
Prologis, Inc.		39,628		3,184,902
Rexford Industrial Realty, Inc.		35,896		1,472,095
				7,899,873
Real estate management and development – 0.8%
VGP NV (B)		7,670		787,748
				8,687,621
TOTAL COMMON STOCKS (Cost $114,240,014)			$	96,465,717
CONVERTIBLE BONDS - 0.6%
Financials - 0.6%
AXA SA 7.250%, 05/15/2021 (C)	$	812,000		588,935
TOTAL CONVERTIBLE BONDS (Cost $812,000)			$	588,935
SHORT-TERM INVESTMENTS – 5.3%
Short-term funds – 0.2%
John Hancock Collateral Trust, 1.1260% (D)(E)		25,828		258,212

 

62

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 5.1%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $5,232,000 on 4-1-20, collateralized by $5,090,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $5,337,939)	$	5,232,000	$	5,232,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,490,100)			$	5,490,212
Total Investments (Financial Industries Trust) (Cost $120,542,114) – 100.3%			$	102,544,864
Other assets and liabilities, net – (0.3%)				(328,186)
TOTAL NET ASSETS – 100.0%			$	102,216,678

Financial Industries Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $233,127.
(C)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	120,000	USD	86,089	JPM	6/17/2020	—	$(757)
CAD	170,000	USD	121,612	MSCS	6/17/2020	—	(726)
EUR	280,000	USD	302,677	JPM	6/17/2020	$7,032	—
EUR	350,000	USD	390,430	MSCS	6/17/2020	—	(3,293)
EUR	300,000	USD	345,419	RBC	6/17/2020	—	(13,588)
EUR	550,000	USD	628,802	SSB	6/17/2020	—	(20,445)
EUR	290,000	USD	320,553	TD	6/17/2020	217	—
GBP	90,000	USD	104,312	CITI	6/17/2020	7,626	—
GBP	140,000	USD	174,894	JPM	6/17/2020	—	(769)
GBP	220,000	USD	279,552	MSCS	6/17/2020	—	(5,926)
JPY	7,480,000	USD	70,340	JPM	6/17/2020	—	(549)
JPY	28,150,000	USD	258,770	RBC	6/17/2020	3,879	—
JPY	7,970,000	USD	74,367	SSB	6/17/2020	—	(4)
USD	168,957	CAD	229,166	CITI	6/17/2020	5,997	—
USD	27,526	CAD	40,000	GSI	6/17/2020	—	(918)
USD	42,087	CAD	60,000	JPM	6/17/2020	—	(579)
USD	85,943	CAD	120,000	MSCS	6/17/2020	611	—
USD	21,144	CAD	30,435	RBC	6/17/2020	—	(498)
USD	90,109	CAD	122,174	SSB	6/17/2020	3,232	—
USD	478,643	CAD	638,224	TD	6/17/2020	24,804	—
USD	293,439	EUR	270,000	JPM	6/17/2020	—	(5,209)
USD	5,399,991	EUR	4,850,000	RBC	6/17/2020	35,387	—
USD	590,277	EUR	540,000	SSB	6/17/2020	—	(7,019)
USD	1,607,350	GBP	1,230,000	CITI	6/17/2020	77,531	—
USD	91,382	GBP	70,000	GSI	6/17/2020	4,319	—
USD	751,758	GBP	620,000	JPM	6/17/2020	—	(19,370)
USD	284,350	GBP	220,000	MSCS	6/17/2020	10,724	—
USD	201,857	JPY	22,250,000	GSI	6/17/2020	—	(5,743)
USD	1,309,273	JPY	142,030,000	SSB	6/17/2020	—	(15,916)
						$181,359	$(101,309)

Derivatives Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
USD	U.S. Dollar

63

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

Derivatives Abbreviations
CITI	Citibank, N.A.
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, 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-Dominion Bank

Fundamental All Cap Core Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.9%
Communication services – 17.5%
Entertainment – 3.0%
Liberty Media Corp.-Liberty Formula One, Series C (A)	1,533,287	$	41,751,405
Interactive media and services – 14.5%
Alphabet, Inc., Class A (A)	63,797		74,128,924
Cargurus, Inc. (A)	1,180,458		22,357,875
Facebook, Inc., Class A (A)	512,045		85,409,106
Twitter, Inc. (A)	708,864		17,409,700
			199,305,605
			241,057,010
Consumer discretionary – 20.0%
Household durables – 6.2%
Lennar Corp., A Shares	1,422,638		54,344,772
NVR, Inc. (A)	4,893		12,570,655
Tempur Sealy International, Inc. (A)	438,700		19,175,577
			86,091,004
Internet and direct marketing retail – 8.5%
Amazon.com, Inc. (A)	60,391		117,745,541
Leisure products – 1.4%
Polaris, Inc.	389,826		18,770,122
Multiline retail – 1.1%
Dollar Tree, Inc. (A)	200,659		14,742,417
Specialty retail – 1.0%
Group 1 Automotive, Inc.	303,338		13,425,740
Textiles, apparel and luxury goods – 1.8%
Ralph Lauren Corp.	131,696		8,801,244
Salvatore Ferragamo SpA	1,245,263		16,549,206
			25,350,450
			276,125,274
Consumer staples – 5.2%
Beverages – 3.1%
Anheuser-Busch InBev SA, ADR	591,170		26,082,420
Diageo PLC, ADR	125,345		15,933,856
			42,016,276
Food and staples retailing – 0.5%
US Foods Holding Corp. (A)	389,434		6,896,876
Food products – 1.6%
The Hain Celestial Group, Inc. (A)	845,559		21,959,167
			70,872,319
Energy – 3.5%
Energy equipment and services – 0.8%
Baker Hughes Company	1,068,869		11,223,125
Oil, gas and consumable fuels – 2.7%
Cheniere Energy, Inc. (A)	844,494		28,290,549
Suncor Energy, Inc.	502,978		7,947,052
			36,237,601
			47,460,726

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financials – 16.9%
Banks – 9.4%
Bank of America Corp.	2,213,227	$	46,986,809
Citigroup, Inc.	1,113,610		46,905,253
First Hawaiian, Inc.	2,131,504		35,233,761
			129,125,823
Capital markets – 6.2%
KKR & Company, Inc., Class A	806,541		18,929,517
Morgan Stanley	1,243,333		42,273,322
The Goldman Sachs Group, Inc.	159,923		24,722,497
			85,925,336
Consumer finance – 1.3%
American Express Company	123,821		10,600,316
Synchrony Financial	438,762		7,059,681
			17,659,997
			232,711,156
Health care – 4.3%
Biotechnology – 2.3%
Alnylam Pharmaceuticals, Inc. (A)	118,532		12,902,208
Moderna, Inc. (A)	620,783		18,592,451
			31,494,659
Health care equipment and supplies – 1.1%
Hologic, Inc. (A)	460,686		16,170,079
Health care providers and services – 0.9%
Anthem, Inc.	53,224		12,083,977
			59,748,715
Industrials – 7.7%
Electrical equipment – 1.5%
Regal Beloit Corp.	176,055		11,082,662
Sensata Technologies Holding PLC (A)	342,005		9,894,200
			20,976,862
Industrial conglomerates – 1.6%
Roper Technologies, Inc.	70,591		22,010,980
Machinery – 1.2%
Parker-Hannifin Corp.	123,283		15,993,504
The Manitowoc Company, Inc. (A)	88,108		748,918
			16,742,422
Professional services – 2.4%
IHS Markit, Ltd.	545,089		32,705,340
Trading companies and distributors – 1.0%
United Rentals, Inc. (A)	138,112		14,211,725
			106,647,329
Information technology – 18.2%
Semiconductors and semiconductor equipment – 2.3%
Analog Devices, Inc.	96,327		8,635,716
NVIDIA Corp.	89,023		23,466,463
			32,102,179

 

64

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software – 7.3%
Microsoft Corp.		249,365	$	39,327,354
salesforce.com, Inc. (A)		224,452		32,316,599
Workday, Inc., Class A (A)		224,681		29,257,960
				100,901,913
Technology hardware, storage and peripherals – 8.6%
Apple, Inc.		398,757		101,399,918
Samsung Electronics Company, Ltd.		426,540		16,584,510
				117,984,428
				250,988,520
Real estate – 5.6%
Equity real estate investment trusts – 4.9%
American Tower Corp.		222,438		48,435,875
Crown Castle International Corp.		134,054		19,357,398
				67,793,273
Real estate management and development – 0.7%
Five Point Holdings LLC, Class A (A)		1,929,188		9,780,983
				77,574,256
TOTAL COMMON STOCKS (Cost $1,303,553,916)			$	1,363,185,305
SHORT-TERM INVESTMENTS – 1.2%
Repurchase agreement – 1.2%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $16,288,000 on 4-1-20, collateralized by $16,085,000 U.S. Treasury Notes, 1.875% due 3-31-22 (valued at $16,614,679)	$	16,288,000		16,288,000
TOTAL SHORT-TERM INVESTMENTS (Cost $16,288,000)			$	16,288,000
Total Investments (Fundamental All Cap Core Trust) (Cost $1,319,841,916) – 100.1%			$	1,379,473,305
Other assets and liabilities, net – (0.1%)				(717,265)
TOTAL NET ASSETS – 100.0%			$	1,378,756,040

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

Fundamental Large Cap Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 93.6%
Communication services – 9.3%
Entertainment – 2.0%
Liberty Media Corp.-Liberty Formula One, Series C (A)	202,824	$	5,522,898
The Walt Disney Company	44,412		4,290,199
			9,813,097
Interactive media and services – 1.9%
Alphabet, Inc., Class A (A)	7,716		8,965,606
Media – 5.4%
Comcast Corp., Class A	499,788		17,182,711
Fox Corp., Class A	79,034		1,867,573
Fox Corp., Class B	311,422		7,125,335
			26,175,619
			44,954,322
Consumer discretionary – 7.1%
Hotels, restaurants and leisure – 1.0%
Sodexo SA	69,464		4,664,866

Fundamental Large Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables – 2.3%
Lennar Corp., A Shares	294,500	$	11,249,900
Internet and direct marketing retail – 2.2%
eBay, Inc.	353,459		10,624,978
Multiline retail – 1.0%
Dollar Tree, Inc. (A)	68,179		5,009,111
Specialty retail – 0.6%
Group 1 Automotive, Inc.	62,355		2,759,832
			34,308,687
Consumer staples – 11.7%
Beverages – 6.5%
Anheuser-Busch InBev SA, ADR	187,948		8,292,266
Heineken Holding NV	182,993		14,260,363
PepsiCo, Inc.	73,185		8,789,519
			31,342,148
Food and staples retailing – 1.9%
Walmart, Inc.	80,007		9,090,395
Food products – 3.3%
Danone SA	139,519		8,928,962
Post Holdings, Inc. (A)	84,241		6,989,476
			15,918,438
			56,350,981
Energy – 7.5%
Energy equipment and services – 0.9%
Baker Hughes Company	391,869		4,114,625
Oil, gas and consumable fuels – 6.6%
Cheniere Energy, Inc. (A)	206,249		6,909,342
Chevron Corp.	142,455		10,322,289
Kinder Morgan, Inc.	708,904		9,867,944
Suncor Energy, Inc.	294,853		4,658,677
			31,758,252
			35,872,877
Financials – 23.0%
Banks – 9.6%
Bank of America Corp.	719,255		15,269,784
Citigroup, Inc.	376,267		15,848,366
JPMorgan Chase & Co.	166,908		15,026,727
			46,144,877
Capital markets – 6.6%
KKR & Company, Inc., Class A	297,979		6,993,567
Morgan Stanley	233,171		7,927,814
Nasdaq, Inc.	72,489		6,882,831
The Goldman Sachs Group, Inc.	62,721		9,696,039
			31,500,251
Consumer finance – 3.3%
American Express Company	161,212		13,801,359
Synchrony Financial	134,224		2,159,664
			15,961,023
Diversified financial services – 3.5%
Berkshire Hathaway, Inc., Class B (A)	92,193		16,855,646
			110,461,797
Health care – 12.4%
Biotechnology – 2.6%
Amgen, Inc.	12,375		2,508,784
Gilead Sciences, Inc.	134,497		10,054,996
			12,563,780
Health care equipment and supplies – 5.6%
Danaher Corp.	153,394		21,231,264
Hologic, Inc. (A)	160,020		5,616,702
			26,847,966

 

65

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services – 1.9%
UnitedHealth Group, Inc.		36,630	$	9,134,789
Pharmaceuticals – 2.3%
Merck & Company, Inc.		146,880		11,300,947
				59,847,482
Industrials – 9.5%
Aerospace and defense – 5.2%
General Dynamics Corp.		52,914		7,001,051
L3Harris Technologies, Inc.		34,205		6,161,005
United Technologies Corp.		126,317		11,915,485
				25,077,541
Machinery – 1.6%
Parker-Hannifin Corp.		56,443		7,322,350
Road and rail – 1.5%
Union Pacific Corp.		51,759		7,300,089
Trading companies and distributors – 1.2%
United Rentals, Inc. (A)		56,896		5,854,598
				45,554,578
Information technology – 12.3%
IT services – 1.3%
Cognizant Technology Solutions Corp., Class A		137,147		6,373,221
Software – 7.1%
Microsoft Corp.		153,132		24,150,448
Oracle Corp.		204,340		9,875,752
				34,026,200
Technology hardware, storage and peripherals – 3.9%
Apple, Inc.		51,377		13,064,657
Samsung Electronics Company, Ltd.		152,352		5,923,672
				18,988,329
				59,387,750
Real estate – 0.8%
Equity real estate investment trusts – 0.8%
American Tower Corp.		16,699		3,636,207
TOTAL COMMON STOCKS (Cost $471,999,929)			$	450,374,681
SHORT-TERM INVESTMENTS – 5.6%
Repurchase agreement – 5.6%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $26,846,000 on 4-1-20, collateralized by $26,050,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $27,387,798)	$	26,846,000		26,846,000
TOTAL SHORT-TERM INVESTMENTS (Cost $26,846,000)			$	26,846,000
Total Investments (Fundamental Large Cap Value Trust) (Cost $498,845,929) – 99.2%			$	477,220,681
Other assets and liabilities, net – 0.8%				4,006,147
TOTAL NET ASSETS – 100.0%			$	481,226,828

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

Global Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 80.2%
Belgium - 1.1%
Anheuser-Busch InBev SA	37,150	$	1,640,912

Global Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada - 2.4%
Husky Energy, Inc.	120,630	$	303,439
Wheaton Precious Metals Corp.	116,478		3,205,566
			3,509,005
China - 2.1%
Baidu, Inc., ADR (A)	12,330		1,242,741
China Telecom Corp., Ltd., H Shares	224,300		67,959
Yum China Holdings, Inc.	40,961		1,746,167
			3,056,867
Denmark - 1.4%
A.P. Moller - Maersk A/S, Series B	2,259		2,002,298
France - 5.0%
BNP Paribas SA	53,214		1,553,596
Sanofi	44,494		3,852,067
Veolia Environnement SA	87,124		1,840,137
			7,245,800
Germany - 7.6%
adidas AG	3,639		807,958
Bayer AG	42,330		2,425,447
Deutsche Telekom AG	55,770		720,295
E.ON SE	262,435		2,691,977
Merck KGaA	16,042		1,619,635
Siemens AG	32,609		2,730,520
			10,995,832
Hong Kong - 3.6%
CK Asset Holdings, Ltd.	250,900		1,361,305
CK Hutchison Holdings, Ltd.	406,290		2,707,988
Sun Hung Kai Properties, Ltd.	93,500		1,222,422
			5,291,715
India - 0.5%
Hero MotoCorp, Ltd.	32,200		672,130
Italy - 0.7%
Eni SpA	101,442		1,008,078
Japan - 15.4%
Honda Motor Company, Ltd.	76,800		1,718,511
Japan Airlines Company, Ltd.	21,900		402,466
Kirin Holdings Company, Ltd.	113,400		2,239,679
Komatsu, Ltd.	107,000		1,731,626
Kyocera Corp.	47,000		2,773,507
Makita Corp.	17,100		521,614
Mitsubishi Electric Corp.	136,300		1,665,070
Panasonic Corp.	355,570		2,691,810
Seven & i Holdings Company, Ltd.	56,290		1,858,972
Sumitomo Mitsui Financial Group, Inc.	70,120		1,703,453
Suntory Beverage & Food, Ltd.	44,700		1,689,164
Takeda Pharmaceutical Company, Ltd.	109,530		3,334,982
			22,330,854
Luxembourg - 0.8%
ArcelorMittal SA (B)	122,360		1,155,135
Netherlands - 1.7%
NXP Semiconductors NV	6,228		516,488
Royal Dutch Shell PLC, B Shares	112,445		1,886,155
			2,402,643
Singapore - 2.0%
Singapore Telecommunications, Ltd.	1,638,790		2,921,510
South Korea - 2.5%
Samsung Electronics Company, Ltd.	92,890		3,611,704
Switzerland - 3.8%
Novartis AG	7,450		614,616
Roche Holding AG	15,162		4,878,253
			5,492,869

 

66

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Global Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand - 0.1%
Bangkok Bank PCL, NVDR		28,800	$	87,930
United Kingdom - 4.1%
BP PLC		506,998		2,079,166
Burberry Group PLC		88,452		1,437,761
InterContinental Hotels Group PLC		23,780		1,011,677
Vodafone Group PLC		986,242		1,364,409
				5,893,013
United States - 25.4%
Allergan PLC		30,508		5,402,967
Apache Corp.		51,556		215,500
Booking Holdings, Inc. (A)		1,311		1,763,715
Comcast Corp., Class A		43,526		1,496,424
Dollar Tree, Inc. (A)		35,404		2,601,132
Exxon Mobil Corp.		20,735		787,308
Freeport-McMoRan, Inc.		178,497		1,204,855
Gilead Sciences, Inc.		57,218		4,277,618
Kellogg Company		65,119		3,906,489
Mattel, Inc. (A)		35,480		312,579
Oracle Corp.		57,361		2,772,257
Ross Stores, Inc.		2,500		217,425
The Kroger Company		112,266		3,381,452
The TJX Companies, Inc.		9,059		433,111
United Parcel Service, Inc., Class B		15,342		1,433,250
Verizon Communications, Inc.		27,496		1,477,360
Walgreens Boots Alliance, Inc.		74,890		3,426,218
Wells Fargo & Company		54,226		1,556,286
				36,665,946
TOTAL COMMON STOCKS (Cost $138,527,800)			$	115,984,241
EXCHANGE-TRADED FUNDS - 4.7%
iShares MSCI ACWI ETF		108,259		6,773,766
TOTAL EXCHANGE-TRADED FUNDS (Cost $6,416,359)			$	6,773,766
SHORT-TERM INVESTMENTS - 1.0%
U.S. Government Agency - 0.9%
Federal Home Loan Bank Discount Note 0.000%, 04/01/2020 *	$	1,300,000		1,300,000
Short-term funds - 0.1%
John Hancock Collateral Trust, 1.1260% (C)(D)		9,935		99,327
TOTAL SHORT-TERM INVESTMENTS (Cost $1,399,269)			$	1,399,327
Total Investments (Global Trust) (Cost $146,343,428) - 85.9%			$	124,157,334
Other assets and liabilities, net - 14.1%				20,413,465
TOTAL NET ASSETS - 100.0%			$	144,570,799

Security Abbreviations and Legend
ADR	American 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 3-31-20. The value of securities on loan amounted to $87,319.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 95.4%
Consumer discretionary – 0.1%
Specialty retail – 0.1%
JAND, Inc., Class A (A)(B)(C)	14,867	$	221,964
Health care – 94.9%
Biotechnology – 35.8%
AbbVie, Inc.	63,824		4,862,751
Abcam PLC	23,434		330,563
ACADIA Pharmaceuticals, Inc. (C)	58,386		2,466,809
Acceleron Pharma, Inc. (C)	24,727		2,222,215
Acerta Pharma BV, Class B (A)(B)(C)	4,276,305		396,841
Adverum Biotechnologies, Inc. (C)	25,397		248,129
Agios Pharmaceuticals, Inc. (C)	11,637		412,881
Aimmune Therapeutics, Inc. (C)	24,335		350,911
Akero Therapeutics, Inc. (C)	4,103		86,984
Alector, Inc. (C)	8,804		212,441
Alexion Pharmaceuticals, Inc. (C)	32,231		2,894,021
Alkermes PLC (C)	19,633		283,108
Allakos, Inc. (C)	2,614		116,297
Allogene Therapeutics, Inc. (C)	7,797		151,574
Alnylam Pharmaceuticals, Inc. (C)	24,872		2,707,317
Amarin Corp. PLC, ADR (C)	61,214		244,856
Amgen, Inc.	28,500		5,777,805
Apellis Pharmaceuticals, Inc. (C)	9,472		253,755
Applied Therapeutics, Inc. (C)	600		19,614
Arcutis Biotherapeutics, Inc. (C)	4,960		147,808
Ardelyx, Inc. (C)	22,814		129,698
Argenx SE, ADR (C)	13,329		1,755,829
Ascendis Pharma A/S, ADR (C)	21,118		2,378,098
Assembly Biosciences, Inc. (C)	6,774		100,458
Avrobio, Inc. (C)	5,977		93,002
Beam Therapeutics, Inc. (C)	2,325		41,850
BeiGene, Ltd., ADR (C)	5,423		667,626
BELLUS Health, Inc. (C)	10,094		100,738
Biogen, Inc. (C)	14,690		4,647,622
BioMarin Pharmaceutical, Inc. (C)	17,093		1,444,359
Bluebird Bio, Inc. (C)	9,834		451,971
Blueprint Medicines Corp. (C)	11,214		655,795
ChemoCentryx, Inc. (C)	3,962		159,193
Constellation Pharmaceuticals, Inc. (C)	6,600		207,438
Cortexyme, Inc. (C)	1,200		54,732
CRISPR Therapeutics AG (C)	5,214		221,126
Cyclerion Therapeutics, Inc. (C)	8,100		21,465
Deciphera Pharmaceuticals, Inc. (C)	11,218		461,845
Denali Therapeutics, Inc. (C)	11,675		204,429
Dicerna Pharmaceuticals, Inc. (C)	24,778		455,172
Enanta Pharmaceuticals, Inc. (C)	9,923		510,340
Epizyme, Inc. (C)	14,713		228,199
Esperion Therapeutics, Inc. (C)	2,800		88,284
Exact Sciences Corp. (C)	26,102		1,513,916
Exelixis, Inc. (C)	74,518		1,283,200
Fate Therapeutics, Inc. (C)	10,703		237,714
FibroGen, Inc. (C)	15,647		543,733
G1 Therapeutics, Inc. (C)	7,707		84,931
Galapagos NV (C)	4,545		892,535
Global Blood Therapeutics, Inc. (C)	19,532		997,890
Gritstone Oncology, Inc. (C)	5,800		33,756
Homology Medicines, Inc. (C)	14,662		227,847
IGM Biosciences, Inc. (C)	7,954		446,617
Immunomedics, Inc. (C)	24,269		327,146
Incyte Corp. (C)	43,505		3,185,871
Insmed, Inc. (C)	18,917		303,240
Intercept Pharmaceuticals, Inc. (C)	5,247		330,351
Ionis Pharmaceuticals, Inc. (C)	15,470		731,422
Iovance Biotherapeutics, Inc. (C)	47,614		1,425,325
Kadmon Holdings, Inc. (C)	50,254		210,564
Karuna Therapeutics, Inc. (C)	9,447		680,184

 

67

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Karyopharm Therapeutics, Inc. (C)	11,086	$	212,962
Kodiak Sciences, Inc. (C)	21,733		1,036,664
Krystal Biotech, Inc. (C)	5,189		224,372
Minerva Neurosciences, Inc. (C)	14,976		90,156
Mirati Therapeutics, Inc. (C)	8,395		645,324
Moderna, Inc. (C)	5,400		161,730
Momenta Pharmaceuticals, Inc. (C)	20,165		548,488
MorphoSys AG (C)	4,007		385,815
Neurocrine Biosciences, Inc. (C)	22,515		1,948,673
Orchard Therapeutics PLC, ADR (C)	13,631		102,641
Passage Bio, Inc. (C)	3,328		52,416
PhaseBio Pharmaceuticals, Inc. (C)	15,205		50,329
Principia Biopharma, Inc. (C)	7,778		461,858
Progenics Pharmaceuticals, Inc. (C)	28,500		108,300
PTC Therapeutics, Inc. (C)	8,905		397,252
Puma Biotechnology, Inc. (C)	16,200		136,728
Radius Health, Inc. (C)	13,791		179,283
RAPT Therapeutics, Inc. (C)	9,295		197,705
Regeneron Pharmaceuticals, Inc. (C)	9,591		4,683,189
REGENXBIO, Inc. (C)	6,700		216,946
REVOLUTION Medicines, Inc. (C)	2,388		52,321
Rocket Pharmaceuticals, Inc. (C)	16,955		236,522
Sage Therapeutics, Inc. (C)	14,712		422,529
Sarepta Therapeutics, Inc. (C)	11,368		1,112,018
Scholar Rock Holding Corp. (C)	5,587		67,659
Seattle Genetics, Inc. (C)	28,123		3,244,832
Stoke Therapeutics, Inc. (C)	7,038		161,170
Translate Bio, Inc. (C)	2,800		27,916
Turning Point Therapeutics, Inc. (C)	7,418		331,288
Ultragenyx Pharmaceutical, Inc. (C)	18,099		804,139
uniQure NV (C)	3,300		156,585
United Therapeutics Corp. (C)	3,100		293,958
Vertex Pharmaceuticals, Inc. (C)	45,791		10,895,968
X4 Pharmaceuticals, Inc. (C)	2,700		27,000
Xencor, Inc. (C)	20,834		622,520
Zai Lab, Ltd., ADR (C)	4,374		225,174
Zealand Pharma A/S, ADR (C)	3,482		120,129
Zeneca, Inc. (B)(C)	13,151		8,088
Zymeworks, Inc. (C)	11,723		415,815
			83,788,653
Health care equipment and supplies – 20.6%
Alcon, Inc. (C)	32,829		1,681,854
AtriCure, Inc. (C)	12,700		426,593
Becton, Dickinson and Company	34,808		7,997,834
Danaher Corp.	36,839		5,098,886
DexCom, Inc. (C)	9,210		2,479,977
DiaSorin SpA	5,165		680,820
Envista Holdings Corp. (C)	52,904		790,386
GenMark Diagnostics, Inc. (C)	34,260		141,151
Hologic, Inc. (C)	55,000		1,930,500
ICU Medical, Inc. (C)	3,925		791,947
Insulet Corp. (C)	6,900		1,143,192
Intuitive Surgical, Inc. (C)	17,410		8,621,606
iRhythm Technologies, Inc. (C)	6,282		511,041
Lantheus Holdings, Inc. (C)	19,644		250,657
Nevro Corp. (C)	13,240		1,323,735
Novocure, Ltd. (C)	9,176		617,912
Penumbra, Inc. (C)	7,229		1,166,255
Quidel Corp. (C)	14,329		1,401,519
Shockwave Medical, Inc. (C)	4,275		141,845
Silk Road Medical, Inc. (C)	1,823		57,388
Stryker Corp.	31,009		5,162,688
Tandem Diabetes Care, Inc. (C)	4,400		283,140
Teleflex, Inc.	6,135		1,796,696
The Cooper Companies, Inc.	5,258		1,449,473

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
West Pharmaceutical Services, Inc.	10,853	$	1,652,369
Zimmer Biomet Holdings, Inc.	5,750		581,210
			48,180,674
Health care providers and services – 16.5%
Acadia Healthcare Company, Inc. (C)	13,100		240,385
Amedisys, Inc. (C)	4,507		827,215
Anthem, Inc.	12,705		2,884,543
Cardinal Health, Inc.	9,500		455,430
Centene Corp. (C)	91,247		5,420,984
Cigna Corp.	26,886		4,763,661
Guardant Health, Inc. (C)	6,194		431,102
HCA Healthcare, Inc.	33,083		2,972,508
Humana, Inc.	15,561		4,886,465
McKesson Corp.	3,700		500,462
Molina Healthcare, Inc. (C)	11,909		1,663,806
Option Care Health, Inc. (C)	9,759		92,418
The Pennant Group, Inc. (C)	11,735		166,168
UnitedHealth Group, Inc.	53,355		13,305,670
			38,610,817
Health care technology – 0.8%
HTG Molecular Diagnostics, Inc. (C)	34,959		11,362
Phreesia, Inc. (C)	6,466		135,980
Schrodinger, Inc. (C)	4,954		213,616
Teladoc Health, Inc. (C)	2,800		434,028
Veeva Systems, Inc., Class A (C)	6,999		1,094,434
			1,889,420
Life sciences tools and services – 7.8%
10X Genomics, Inc., Class A (C)	4,636		288,916
Adaptive Biotechnologies Corp. (C)	12,272		340,916
Agilent Technologies, Inc.	49,271		3,528,789
Avantor, Inc. (C)	81,304		1,015,487
Bruker Corp.	26,802		961,120
Evotec SE (C)	26,952		585,123
Lonza Group AG (C)	1,949		801,670
Mettler-Toledo International, Inc. (C)	1,086		749,894
PPD, Inc. (C)	15,758		280,650
PRA Health Sciences, Inc. (C)	7,608		631,768
Quanterix Corp. (C)	18,700		343,519
Repligen Corp. (C)	1,226		118,358
Thermo Fisher Scientific, Inc.	29,578		8,388,321
Wuxi Biologics Cayman, Inc. (C)(D)	21,500		274,487
			18,309,018
Pharmaceuticals – 13.4%
Arvinas, Inc. (C)	1,100		44,330
Astellas Pharma, Inc.	46,300		713,361
AstraZeneca PLC, ADR	81,108		3,622,283
Axsome Therapeutics, Inc. (C)	6,121		360,098
Bayer AG	13,777		789,401
Bristol-Myers Squibb Company	41,952		2,338,404
Cara Therapeutics, Inc. (C)	19,833		261,994
Catalent, Inc. (C)	14,481		752,288
Chugai Pharmaceutical Company, Ltd.	15,800		1,827,993
Daiichi Sankyo Company, Ltd.	23,600		1,620,768
Eisai Company, Ltd.	13,800		1,009,434
Elanco Animal Health, Inc. (C)	22,308		499,476
Eli Lilly & Company	39,450		5,472,504
GW Pharmaceuticals PLC, ADR (C)	4,077		357,023
Intra-Cellular Therapies, Inc. (C)	11,549		177,508
Ipsen SA	6,997		358,665
Merck & Company, Inc.	51,516		3,963,641
Milestone Pharmaceuticals, Inc. (C)	8,804		16,199
MyoKardia, Inc. (C)	14,745		691,246
Nektar Therapeutics (C)	14,400		257,040
Novartis AG	19,847		1,637,353

 

68

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Odonate Therapeutics, Inc. (C)	9,305	$	256,911
Perrigo Company PLC	267		12,840
Reata Pharmaceuticals, Inc., Class A (C)	4,504		650,107
Roche Holding AG	9,711		3,124,435
Tricida, Inc. (C)	18,825		414,150
WaVe Life Sciences, Ltd. (C)	6,914		64,779
Zogenix, Inc. (C)	9,122		225,587
			31,519,818
			222,298,400
Industrials – 0.4%
Industrial conglomerates – 0.4%
General Electric Company	120,600		957,564
TOTAL COMMON STOCKS (Cost $192,366,506)		$	223,477,928
PREFERRED SECURITIES – 1.1%
Consumer discretionary – 0.2%
Specialty retail – 0.2%
JAND, Inc., Series D (A)(B)(C)	33,198		495,646
Health care – 0.7%
Health care equipment and supplies – 0.7%
Becton, Dickinson and Company, 6.125%	9,988		522,173
Sartorius AG	4,418		1,056,236
			1,578,409
Pharmaceuticals – 0.0%
Elanco Animal Health, Inc., 5.000%	1,315		54,099
			1,632,508
Information technology – 0.2%
Software – 0.2%
Doximity, Inc. (A)(B)(C)	31,611		449,192
TOTAL PREFERRED SECURITIES (Cost $1,756,624)		$	2,577,346
RIGHTS – 0.1%
Bristol-Myers Squibb Company (Expiration Date: 3-31-21) (C)(E)	64,896		246,605
TOTAL RIGHTS (Cost $225,295)		$	246,605
SHORT-TERM INVESTMENTS – 3.2%
Short-term funds – 3.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (F)	575,432		575,432
T. Rowe Price Government Reserve Fund, 0.9288% (F)	6,836,448		6,836,448
TOTAL SHORT-TERM INVESTMENTS (Cost $7,411,880)		$	7,411,880
Total Investments (Health Sciences Trust) (Cost $201,760,305) – 99.8%		$	233,713,759
Other assets and liabilities, net – 0.2%			412,970
TOTAL NET ASSETS – 100.0%		$	234,126,729

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	Non-income producing security.
(D)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.

Health Sciences Trust (continued)

(E)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 3-31-20.

High Yield Trust

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS – 0.7%
Argentina – 0.3%
Provincia de Buenos Aires 7.875%, 06/15/2027	$	680,000	$	176,800
Republic of Argentina
5.625%, 01/26/2022		230,000		66,700
6.875%, 04/22/2021 to 01/26/2027		530,000		148,253
7.500%, 04/22/2026		200,000		55,502
7.625%, 04/22/2046		200,000		51,002
				498,257
Brazil – 0.4%
Federative Republic of Brazil 10.000%, 01/01/2021 to 01/01/2027	BRL	2,634,000		574,751
Indonesia – 0.0%
Republic of Indonesia 8.375%, 03/15/2034	IDR	74,000,000		4,492
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $2,690,458)			$	1,077,500
CORPORATE BONDS – 83.7%
Communication services – 18.5%
Allen Media LLC 10.500%, 02/15/2028 (A)	$	810,000		663,107
Altice France Holding SA 10.500%, 05/15/2027 (A)		240,000		253,200
Altice France SA 7.375%, 05/01/2026 (A)		2,660,000		2,686,600
AMC Entertainment Holdings, Inc. 6.125%, 05/15/2027 (B)		410,000		170,150
American Media LLC 10.500%, 12/31/2026 (A)		780,000		822,900
CCO Holdings LLC
4.500%, 08/15/2030 to 05/01/2032 (A)		940,000		919,664
5.125%, 05/01/2023 to 05/01/2027 (A)		2,190,000		2,208,158
CenturyLink, Inc.
4.000%, 02/15/2027 (A)		420,000		401,100
5.625%, 04/01/2025		250,000		251,248
Charter Communications Operating LLC 6.484%, 10/23/2045		450,000		550,173
Cogent Communications Group, Inc. 5.375%, 03/01/2022 (A)		770,000		773,850
CSC Holdings LLC
5.375%, 07/15/2023 (A)		940,000		949,400
6.500%, 02/01/2029 (A)		800,000		862,792
10.875%, 10/15/2025 (A)		243,000		261,833
DISH DBS Corp.
5.875%, 11/15/2024		840,000		818,017
7.750%, 07/01/2026 (B)		2,110,000		2,168,025
iHeartCommunications, Inc.
4.750%, 01/15/2028 (A)		580,000		522,000
5.250%, 08/15/2027 (A)		660,000		575,124
Intelsat Jackson Holdings SA
5.500%, 08/01/2023		280,000		172,200
8.000%, 02/15/2024 (A)		560,000		541,094
Lions Gate Capital Holdings LLC 5.875%, 11/01/2024 (A)		1,010,000		860,328
Match Group, Inc.
5.000%, 12/15/2027 (A)		370,000		353,350
6.375%, 06/01/2024		340,000		342,553
Netflix, Inc.
4.375%, 11/15/2026		650,000		651,625
4.875%, 06/15/2030 (A)		150,000		152,273
5.375%, 11/15/2029 (A)		540,000		564,300

 

69

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Netflix, Inc. (continued)
6.375%, 05/15/2029	$	700,000	$	763,000
Sirius XM Radio, Inc. 4.625%, 07/15/2024 (A)		230,000		233,434
Sprint Capital Corp. 8.750%, 03/15/2032		465,000		614,963
Sprint Communications, Inc. 11.500%, 11/15/2021		470,000		518,175
Sprint Corp.
7.250%, 09/15/2021		1,500,000		1,546,050
7.625%, 02/15/2025		510,000		564,392
7.875%, 09/15/2023		2,170,000		2,392,157
TEGNA, Inc. 5.000%, 09/15/2029 (A)		410,000		369,000
Telecom Italia SpA 5.303%, 05/30/2024 (A)		800,000		804,048
T-Mobile USA, Inc. 6.000%, 04/15/2024		60,000		60,900
Twitter, Inc. 3.875%, 12/15/2027 (A)		500,000		480,938
Univision Communications, Inc. 5.125%, 02/15/2025 (A)		540,000		460,350
UPC Holding BV 5.500%, 01/15/2028 (A)		430,000		404,200
Virgin Media Secured Finance PLC 5.500%, 08/15/2026 to 05/15/2029 (A)		1,810,000		1,832,200
				30,538,871
Consumer discretionary – 12.9%
American Axle & Manufacturing, Inc. 6.500%, 04/01/2027 (B)		621,000		478,946
Boyne USA, Inc. 7.250%, 05/01/2025 (A)		500,000		477,500
Brinker International, Inc. 5.000%, 10/01/2024 (A)		310,000		223,200
Carriage Services, Inc. 6.625%, 06/01/2026 (A)		640,000		628,800
Century Communities, Inc. 5.875%, 07/15/2025		1,040,000		891,041
Delphi Technologies PLC 5.000%, 10/01/2025 (A)		200,000		159,500
ESH Hospitality, Inc.
4.625%, 10/01/2027 (A)		10,000		7,800
5.250%, 05/01/2025 (A)		560,000		470,400
Fontainebleau Las Vegas Holdings LLC 10.250%, 06/15/2015 (A)(C)		3,600,425		13,322
Ford Motor Credit Company LLC 3.087%, 01/09/2023		830,000		747,000
frontdoor, Inc. 6.750%, 08/15/2026 (A)		610,000		584,075
Golden Nugget, Inc. 8.750%, 10/01/2025 (A)		740,000		382,025
Hanesbrands, Inc.
4.625%, 05/15/2024 (A)		510,000		504,900
4.875%, 05/15/2026 (A)		450,000		442,125
Hilton Worldwide Finance LLC 4.625%, 04/01/2025 (B)		300,000		279,000
Installed Building Products, Inc. 5.750%, 02/01/2028 (A)		410,000		390,525
L Brands, Inc.
5.250%, 02/01/2028		1,340,000		1,023,626
7.500%, 06/15/2029		160,000		126,224
Lennar Corp.
4.500%, 04/30/2024		90,000		88,024
4.750%, 11/29/2027		400,000		399,000
5.875%, 11/15/2024		810,000		819,315

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Levi Strauss & Company 5.000%, 05/01/2025	$	690,000	$	652,050
Melco Resorts Finance, Ltd. 5.375%, 12/04/2029 (A)		340,000		292,508
MGM Resorts International 6.000%, 03/15/2023		610,000		588,650
Michaels Stores, Inc. 8.000%, 07/15/2027 (A)(B)		310,000		229,400
Mohegan Gaming & Entertainment 7.875%, 10/15/2024 (A)		900,000		666,000
NCL Corp., Ltd. 3.625%, 12/15/2024 (A)		390,000		248,742
New Red Finance, Inc.
3.875%, 01/15/2028 (A)		490,000		465,500
4.250%, 05/15/2024 (A)		740,000		738,143
Party City Holdings, Inc. 6.625%, 08/01/2026 (A)		640,000		64,000
PetSmart, Inc. 8.875%, 06/01/2025 (A)(B)		260,000		235,300
Sands China, Ltd. 5.400%, 08/08/2028		200,000		187,402
Scientific Games International, Inc. 7.000%, 05/15/2028 (A)		630,000		387,450
Service Corp. International
5.125%, 06/01/2029		400,000		408,000
5.375%, 05/15/2024		230,000		234,025
7.500%, 04/01/2027		480,000		518,400
Silversea Cruise Finance, Ltd. 7.250%, 02/01/2025 (A)		512,000		435,200
Speedway Motorsports LLC 4.875%, 11/01/2027 (A)		670,000		603,000
Sugarhouse HSP Gaming Prop Mezz LP 5.875%, 05/15/2025 (A)		270,000		221,319
Taylor Morrison Communities, Inc.
5.875%, 01/31/2025 (A)		50,000		46,500
6.000%, 09/01/2023 (A)		390,000		374,400
The ServiceMaster Company LLC 5.125%, 11/15/2024 (A)		550,000		543,125
The William Carter Company 5.625%, 03/15/2027 (A)		330,000		316,326
Time Warner Cable LLC 7.300%, 07/01/2038		440,000		540,481
TopBuild Corp. 5.625%, 05/01/2026 (A)		850,000		782,000
Viking Cruises, Ltd. 5.875%, 09/15/2027 (A)		640,000		374,470
VOC Escrow, Ltd. 5.000%, 02/15/2028 (A)		1,275,000		932,216
WW International, Inc. 8.625%, 12/01/2025 (A)(B)		650,000		557,375
Wynn Macau, Ltd. 5.125%, 12/15/2029 (A)(B)		260,000		218,400
Yum! Brands, Inc. 7.750%, 04/01/2025 (A)		180,000		189,000
				21,185,730
Consumer staples – 3.6%
Altria Group, Inc. 5.950%, 02/14/2049		350,000		407,216
Cott Holdings, Inc. 5.500%, 04/01/2025 (A)		620,000		601,400
Kraft Heinz Foods Company
4.875%, 02/15/2025 (A)		1,320,000		1,322,968
5.200%, 07/15/2045		450,000		433,112
Lamb Weston Holdings, Inc. 4.875%, 11/01/2026 (A)		810,000		824,078

 

70

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Sally Holdings LLC 5.625%, 12/01/2025	$	510,000	$	411,182
Simmons Foods, Inc. 5.750%, 11/01/2024 (A)		790,000		717,162
Spectrum Brands, Inc.
5.000%, 10/01/2029 (A)		230,000		195,500
5.750%, 07/15/2025		210,000		196,350
6.125%, 12/15/2024		230,000		219,650
Sysco Corp. 5.950%, 04/01/2030		570,000		600,203
				5,928,821
Energy – 7.4%
Antero Midstream Partners LP 5.375%, 09/15/2024		290,000		201,463
Blue Racer Midstream LLC
6.125%, 11/15/2022 (A)		1,130,000		847,500
6.625%, 07/15/2026 (A)		670,000		388,600
Callon Petroleum Company 8.250%, 07/15/2025		260,000		41,600
Chesapeake Energy Corp. 5.375%, 06/15/2021 (B)		280,000		42,700
Comstock Resources, Inc. 7.500%, 05/15/2025 (A)		600,000		420,000
DCP Midstream Operating LP
6.450%, 11/03/2036 (A)		280,000		134,316
6.750%, 09/15/2037 (A)		590,000		318,600
Endeavor Energy Resources LP 5.500%, 01/30/2026 (A)		140,000		96,629
MEG Energy Corp.
7.000%, 03/31/2024 (A)		228,000		105,165
7.125%, 02/01/2027 (A)		1,120,000		557,200
Montage Resources Corp. 8.875%, 07/15/2023		730,000		492,750
NGPL PipeCo LLC
4.375%, 08/15/2022 (A)		380,000		362,570
4.875%, 08/15/2027 (A)		260,000		231,602
7.768%, 12/15/2037 (A)		500,000		498,144
Oasis Petroleum, Inc.
6.875%, 03/15/2022		440,000		86,900
6.875%, 01/15/2023 (B)		747,000		153,135
Occidental Petroleum Corp.
2.900%, 08/15/2024		740,000		403,300
5.550%, 03/15/2026		380,000		202,659
6.950%, 07/01/2024		450,000		254,164
Petrobras Global Finance BV
5.750%, 02/01/2029		100,000		94,330
6.850%, 06/05/2115		410,000		387,450
Precision Drilling Corp. 7.125%, 01/15/2026 (A)		660,000		217,800
Range Resources Corp.
5.000%, 03/15/2023 (B)		470,000		347,936
9.250%, 02/01/2026 (A)		210,000		126,000
Rockies Express Pipeline LLC
6.875%, 04/15/2040 (A)		480,000		288,649
7.500%, 07/15/2038 (A)		630,000		378,076
Shelf Drilling Holdings, Ltd. 8.250%, 02/15/2025 (A)		860,000		411,080
Teine Energy, Ltd. 6.875%, 09/30/2022 (A)		430,000		399,900
The Williams Companies, Inc.
7.500%, 01/15/2031		780,000		907,271
8.750%, 03/15/2032		120,000		130,526
Transocean Guardian, Ltd. 5.875%, 01/15/2024 (A)		334,000		267,200

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Transocean Pontus, Ltd. 6.125%, 08/01/2025 (A)	$	509,350	$	412,574
Transocean, Inc.
6.800%, 03/15/2038		360,000		82,800
7.250%, 11/01/2025 (A)		170,000		85,476
8.000%, 02/01/2027 (A)		220,000		104,500
Vesta Energy Corp. 8.125%, 07/24/2023 (A)	CAD	490,000		194,809
Viper Energy Partners LP 5.375%, 11/01/2027 (A)	$	210,000		176,400
Western Midstream Operating LP 3.100%, 02/01/2025		820,000		428,980
WPX Energy, Inc.
5.250%, 10/15/2027		360,000		198,000
8.250%, 08/01/2023		870,000		639,450
				12,118,204
Financials – 9.0%
Allied Universal Holdco LLC 6.625%, 07/15/2026 (A)		1,160,000		1,135,357
Ally Financial, Inc. 8.000%, 11/01/2031		80,000		91,960
ASP AMC Merger Sub, Inc. 8.000%, 05/15/2025 (A)		750,000		431,250
Banco Mercantil del Norte SA (6.875% to 7-6-22, then 5 Year CMT + 5.035%) 07/06/2022 (A)(D)		200,000		159,000
Bank of America Corp. (5.875% to 3-15-28, then 3 month LIBOR + 2.931%) 03/15/2028 (D)		250,000		253,335
Barclays Bank PLC 7.625%, 11/21/2022		200,000		204,600
Barclays PLC (5.088% to 6-20-29, then 3 month LIBOR + 3.054%) 06/20/2030		1,020,000		1,056,778
Barclays PLC (8.000% to 12-15-20, then 5 Year Euro Swap Rate + 6.750%) 12/15/2020 (D)	EUR	500,000		522,507
Barclays PLC (8.000% to 6-15-24, then 5 Year CMT + 5.672%) 06/15/2024 (D)	$	380,000		352,872
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		372,450
CIT Group, Inc.
5.250%, 03/07/2025		140,000		136,500
6.125%, 03/09/2028		190,000		178,600
Citigroup, Inc. (5.950% to 5-15-25, then 3 month LIBOR + 3.905%) 05/15/2025 (B)(D)		220,000		213,125
Citigroup, Inc. (6.300% to 5-15-24, then 3 month LIBOR + 3.423%) 05/15/2024 (D)		410,000		387,553
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) 12/23/2025 (A)(D)		890,000		916,700
Credit Suisse Group AG (6.375% to 8-21-26, then 5 Year CMT + 4.822%) 08/21/2026 (A)(D)		430,000		377,411
Credit Suisse Group AG (7.250% to 9-12-25, then 5 Year CMT + 4.332%) 09/12/2025 (A)(D)		200,000		181,500
DAE Funding LLC 5.750%, 11/15/2023 (A)		1,170,000		1,082,250
Donnelley Financial Solutions, Inc. 8.250%, 10/15/2024		590,000		554,600

 

71

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Fidelity & Guaranty Life Holdings, Inc. 5.500%, 05/01/2025 (A)	$	440,000	$	434,632
FirstCash, Inc. 5.375%, 06/01/2024 (A)		530,000		507,475
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year ICE Swap Rate + 4.368%) 03/30/2025 (D)		200,000		187,000
HSBC Holdings PLC (6.500% to 3-23-28, then 5 Year ICE Swap Rate + 3.606%) 03/23/2028 (D)		530,000		495,550
Intesa Sanpaolo SpA 5.017%, 06/26/2024 (A)		200,000		204,107
Ladder Capital Finance Holdings LLLP 4.250%, 02/01/2027 (A)		460,000		363,400
Navient Corp.
5.875%, 03/25/2021		90,000		87,867
6.625%, 07/26/2021		210,000		215,250
Quicken Loans, Inc.
5.250%, 01/15/2028 (A)		1,300,000		1,271,140
5.750%, 05/01/2025 (A)		310,000		308,450
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 (D)		1,180,000		1,150,500
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) 01/31/2024 (A)(D)		550,000		517,000
UniCredit SpA (7.296% to 4-2-29, then 5 Year ICE Swap Rate + 4.914%) 04/02/2034 (A)		490,000		545,154
				14,895,873
Health care – 8.0%
Air Medical Group Holdings, Inc. 6.375%, 05/15/2023 (A)(B)		270,000		239,625
AMN Healthcare, Inc. 4.625%, 10/01/2027 (A)		160,000		151,593
Bausch Health Americas, Inc.
8.500%, 01/31/2027 (A)		20,000		20,900
9.250%, 04/01/2026 (A)		1,440,000		1,503,216
Bausch Health Companies, Inc.
5.000%, 01/30/2028 (A)		90,000		85,203
5.250%, 01/30/2030 (A)		20,000		18,700
5.500%, 11/01/2025 (A)		490,000		495,047
9.000%, 12/15/2025 (A)		970,000		1,022,574
Centene Corp.
3.375%, 02/15/2030 (A)		220,000		204,600
4.250%, 12/15/2027 (A)		300,000		300,570
4.625%, 12/15/2029 (A)		690,000		693,450
5.375%, 06/01/2026 (A)		730,000		751,980
Community Health Systems, Inc.
6.625%, 02/15/2025 (A)		810,000		749,250
8.000%, 03/15/2026 (A)		760,000		722,000
DaVita, Inc. 5.000%, 05/01/2025		110,000		109,856
HCA, Inc. 5.625%, 09/01/2028		1,520,000		1,590,984
HLF Financing Sarl LLC 7.250%, 08/15/2026 (A)		470,000		399,500
Immucor, Inc. 11.125%, 02/15/2022 (A)		320,000		288,000
LifePoint Health, Inc. 4.375%, 02/15/2027 (A)		450,000		423,900
Par Pharmaceutical, Inc. 7.500%, 04/01/2027 (A)		620,000		616,900

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Polaris Intermediate Corp. (8.500% Cash or 9.250% PIK) 8.500%, 12/01/2022 (A)	$	510,000	$	395,250
Radiology Partners, Inc. 9.250%, 02/01/2028 (A)(B)		660,000		571,395
RegionalCare Hospital Partners Holdings, Inc. 9.750%, 12/01/2026 (A)		400,000		378,860
Tenet Healthcare Corp. 8.125%, 04/01/2022		860,000		812,700
Teva Pharmaceutical Finance Netherlands III BV 7.125%, 01/31/2025 (A)		530,000		524,371
US Renal Care, Inc. 10.625%, 07/15/2027 (A)(B)		110,000		92,400
				13,162,824
Industrials – 9.7%
Ahern Rentals, Inc. 7.375%, 05/15/2023 (A)		130,000		74,100
Allison Transmission, Inc. 5.000%, 10/01/2024 (A)		210,000		203,700
Builders FirstSource, Inc. 5.000%, 03/01/2030 (A)		190,000		171,000
BWX Technologies, Inc. 5.375%, 07/15/2026 (A)		410,000		393,600
Cleaver-Brooks, Inc. 7.875%, 03/01/2023 (A)		200,000		166,000
Covanta Holding Corp. 5.875%, 07/01/2025		560,000		515,200
FXI Holdings, Inc. 7.875%, 11/01/2024 (A)		580,000		391,703
GFL Environmental, Inc.
5.125%, 12/15/2026 (A)		140,000		136,500
7.000%, 06/01/2026 (A)		264,000		255,530
8.500%, 05/01/2027 (A)		570,000		572,679
Global Aircraft Leasing Company, Ltd. (6.500% Cash or 7.250% PIK) 6.500%, 09/15/2024 (A)		2,050,000		1,320,200
Harsco Corp. 5.750%, 07/31/2027 (A)		360,000		333,122
Navios Maritime Acquisition Corp. 8.125%, 11/15/2021 (A)(B)		940,000		498,200
Park Aerospace Holdings, Ltd.
4.500%, 03/15/2023 (A)		830,000		719,866
5.250%, 08/15/2022 (A)		230,000		207,779
Park-Ohio Industries, Inc. 6.625%, 04/15/2027		549,000		433,938
Prime Security Services Borrower LLC
5.250%, 04/15/2024 (A)		30,000		29,634
5.750%, 04/15/2026 (A)		1,090,000		1,068,200
6.250%, 01/15/2028 (A)		920,000		793,500
Sensata Technologies, Inc. 4.375%, 02/15/2030 (A)		340,000		306,000
Signature Aviation US Holdings, Inc. 5.375%, 05/01/2026 (A)		610,000		590,175
Standard Industries, Inc.
4.750%, 01/15/2028 (A)		420,000		386,799
6.000%, 10/15/2025 (A)		330,000		324,324
The ADT Security Corp. 4.125%, 06/15/2023		700,000		684,243
United Airlines 2013-1 Class B Pass Through Trust 5.375%, 08/15/2021		286,959		281,478

 

72

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
United Airlines 2014-1 Class B Pass Through Trust 4.750%, 04/11/2022	$	82,567	$	80,707
United Rentals North America, Inc.
3.875%, 11/15/2027		150,000		141,750
4.875%, 01/15/2028		910,000		882,700
5.250%, 01/15/2030		1,060,000		1,059,682
5.500%, 05/15/2027		650,000		633,653
Waste Pro USA, Inc. 5.500%, 02/15/2026 (A)		440,000		408,232
XPO CNW, Inc. 6.700%, 05/01/2034		770,000		654,500
XPO Logistics, Inc.
6.125%, 09/01/2023 (A)		537,000		525,589
6.750%, 08/15/2024 (A)		800,000		782,240
				16,026,523
Information technology – 3.3%
Alliance Data Systems Corp. 4.750%, 12/15/2024 (A)		510,000		387,600
Amkor Technology, Inc. 6.625%, 09/15/2027 (A)		560,000		526,400
CDK Global, Inc.
4.875%, 06/01/2027		250,000		256,250
5.250%, 05/15/2029 (A)		30,000		30,600
5.875%, 06/15/2026		630,000		665,595
CommScope Technologies LLC
5.000%, 03/15/2027 (A)		180,000		156,150
6.000%, 06/15/2025 (A)		260,000		237,952
CommScope, Inc. 8.250%, 03/01/2027 (A)		860,000		828,954
Dell International LLC 7.125%, 06/15/2024 (A)(B)		360,000		371,700
Fair Isaac Corp. 4.000%, 06/15/2028 (A)		370,000		355,200
j2 Cloud Services LLC 6.000%, 07/15/2025 (A)		560,000		555,794
Level 3 Financing, Inc. 5.250%, 03/15/2026		210,000		209,869
Open Text Corp. 3.875%, 02/15/2028 (A)		250,000		235,000
Open Text Holdings, Inc. 4.125%, 02/15/2030 (A)		220,000		206,855
Western Digital Corp. 4.750%, 02/15/2026 (B)		470,000		477,755
				5,501,674
Materials – 7.5%
Alcoa Nederland Holding BV 6.125%, 05/15/2028 (A)		250,000		227,500
ArcelorMittal SA 6.750%, 03/01/2041		470,000		462,770
ARD Finance SA (6.500% Cash or 7.250% PIK) 6.500%, 06/30/2027 (A)		660,000		566,874
Ardagh Packaging Finance PLC 6.000%, 02/15/2025 (A)		1,070,000		1,072,996
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		265,065
Cascades, Inc. 5.375%, 01/15/2028 (A)		530,000		506,150
First Quantum Minerals, Ltd.
6.875%, 03/01/2026 (A)		620,000		497,550
7.500%, 04/01/2025 (A)		1,350,000		1,123,457
Flex Acquisition Company, Inc. 7.875%, 07/15/2026 (A)(B)		620,000		571,060

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Freeport-McMoRan, Inc.
3.550%, 03/01/2022	$	248,000	$	237,911
3.875%, 03/15/2023		160,000		152,400
4.550%, 11/14/2024		730,000		689,376
5.450%, 03/15/2043		2,030,000		1,816,850
Greif, Inc. 6.500%, 03/01/2027 (A)		1,010,000		968,691
Hudbay Minerals, Inc. 7.625%, 01/15/2025 (A)		250,000		217,500
Mercer International, Inc.
5.500%, 01/15/2026		380,000		288,743
7.375%, 01/15/2025		690,000		574,432
Midwest Vanadium Pty, Ltd. 11.500%, 02/15/2018 (A)(C)		913,644		1,142
Northwest Acquisitions ULC 7.125%, 11/01/2022 (A)		950,000		465,500
Olin Corp. 5.000%, 02/01/2030		420,000		360,738
Pactiv LLC
7.950%, 12/15/2025		380,000		395,200
8.375%, 04/15/2027		120,000		124,800
Summit Materials LLC 5.125%, 06/01/2025 (A)		300,000		279,000
Teck Resources, Ltd. 5.200%, 03/01/2042		670,000		506,131
				12,371,836
Real estate – 3.4%
CoreCivic, Inc.
4.625%, 05/01/2023		270,000		245,700
5.000%, 10/15/2022		250,000		239,053
CTR Partnership LP 5.250%, 06/01/2025		410,000		403,850
Five Point Operating Company LP 7.875%, 11/15/2025 (A)		800,000		688,000
Forestar Group, Inc.
5.000%, 03/01/2028 (A)		630,000		523,133
8.000%, 04/15/2024 (A)		640,000		646,400
MPT Operating Partnership LP
4.625%, 08/01/2029		560,000		515,200
5.000%, 10/15/2027		340,000		329,800
The GEO Group, Inc.
5.875%, 10/15/2024		750,000		525,000
6.000%, 04/15/2026		945,000		613,659
VICI Properties LP 4.625%, 12/01/2029 (A)		930,000		846,300
				5,576,095
Utilities – 0.4%
NRG Energy, Inc. 7.250%, 05/15/2026		40,000		41,900
Talen Energy Supply LLC
6.625%, 01/15/2028 (A)		410,000		343,545
10.500%, 01/15/2026 (A)		340,000		244,800
				630,245
TOTAL CORPORATE BONDS (Cost $158,182,262)			$	137,936,696
CONVERTIBLE BONDS – 0.7%
Communication services – 0.4%
DISH Network Corp.
2.375%, 03/15/2024		420,000		332,850
3.375%, 08/15/2026		110,000		89,304
Live Nation Entertainment, Inc. 2.000%, 02/15/2025 (A)		200,000		159,110

 

73

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
Communication services (continued)
Vonage Holdings Corp. 1.750%, 06/01/2024 (A)	$	100,000	$	80,679
				661,943
Energy – 0.1%
Cheniere Energy, Inc. 4.250%, 03/15/2045		220,000		107,834
Financials – 0.0%
BofA Finance LLC 0.125%, 09/01/2022		90,000		88,740
Information technology – 0.2%
Vishay Intertechnology, Inc. 2.250%, 06/15/2025 (B)		380,000		337,488
TOTAL CONVERTIBLE BONDS (Cost $1,448,072)			$	1,196,005
TERM LOANS (E) – 5.8%
Communication services – 0.3%
Allen Media LLC, 2020 Term Loan B (3 month LIBOR + 5.500%) 7.231%, 02/10/2027		250,000		207,500
iHeartCommunications, Inc., 2020 Term Loan (1 month LIBOR + 3.000%) 3.989%, 05/01/2026		352,870		295,529
				503,029
Consumer discretionary – 1.3%
CEOC LLC, Exit Term Loan (1 month LIBOR + 2.000%) 2.989%, 10/07/2024		675,008		545,630
Clarios Global LP, USD Term Loan B (1 month LIBOR + 3.500%) 4.441%, 04/30/2026		477,600		434,616
Michaels Stores, Inc., 2018 Term Loan B (1 and 3 month LIBOR + 2.500%) 3.534%, 01/30/2023		210,000		174,300
Mohegan Gaming & Entertainment, 2016 Term Loan B (1 month LIBOR + 4.375%) 5.375%, 10/13/2023		598,412		421,881
Spencer Spirit IH LLC, Term Loan B (1 month LIBOR + 6.000%) 6.924%, 06/19/2026		637,028		562,706
				2,139,133
Energy – 0.4%
Chesapeake Energy Corp., 2019 Last Out Term Loan (1 month LIBOR + 8.000%) 9.000%, 06/24/2024		540,000		207,900
Eastern Power LLC, Term Loan B (1 month LIBOR + 3.750%) 4.750%, 10/02/2025		360,000		309,899
Permian Production Partners LLC, 1st Lien Term Loan 0.000%, 05/20/2024 (C)		446,500		66,975
				584,774
Financials – 0.8%
Acrisure LLC, 2020 Term Loan B (3 month LIBOR + 3.500%) 5.207%, 02/15/2027		460,000		404,800
Amerilife Holdings LLC, 2020 Term Loan 03/18/2027 TBD (F)		132,955		107,693
Deerfield Dakota Holding LLC, 2020 2nd Lien Term Loan 03/06/2028 TBD (F)(G)		520,000		512,200

High Yield Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) (continued)
Financials (continued)
Jane Street Group LLC, 2020 Term Loan (3 month LIBOR + 3.000%) 4.613%, 01/31/2025	$	327,517	$	291,490
				1,316,183
Health care – 1.9%
Eyecare Partners LLC, 2020 2nd Lien Term Loan (3 month LIBOR + 8.250%) 9.139%, 02/04/2028		350,000		297,500
Eyecare Partners LLC, 2020 Term Loan (3 month LIBOR + 3.750%) 4.822%, 02/05/2027		405,405		324,324
Immucor, Inc., Extended Term Loan B (3 month LIBOR + 5.000%) 6.450%, 06/15/2021		284,321		243,094
McAfee LLC, 2018 USD Term Loan B (1 month LIBOR + 3.750%) 4.691%, 09/30/2024		365,697		341,316
Option Care Health, Inc., Term Loan B (1 month LIBOR + 4.500%) 5.489%, 08/06/2026		608,475		498,950
Radnet Management, Inc., Reprice Term Loan (3 month LIBOR + 3.500%) 5.350%, 06/30/2023		606,525		523,127
US Renal Care, Inc., 2019 Term Loan B (1 month LIBOR + 5.000%) 6.000%, 06/26/2026		1,104,450		954,565
				3,182,876
Industrials – 0.5%
Cornerstone Building Brands, Inc., 2018 Term Loan (1 month LIBOR + 3.750%) 4.561%, 04/12/2025		550,200		464,919
Rockwood Service Corp., 2020 Term Loan B 01/23/2027 TBD (F)		40,000		33,600
Temple Generation I LLC, 2nd Lien Term Loan (1 month LIBOR + 8.000%) 9.000%, 02/07/2023		292,660		291,196
				789,715
Information technology – 0.4%
Global Tel*Link Corp., 2018 1st Lien Term Loan (3 month LIBOR + 4.250%) 5.700%, 11/29/2025		664,950		558,558
Real estate – 0.2%
CoreCivic, Inc., 2019 Term Loan, 2019 Term Loan (1 month LIBOR + 4.500%) 5.500%, 12/12/2024		434,500		378,015
TOTAL TERM LOANS (Cost $11,635,475)			$	9,452,283
ASSET BACKED SECURITIES – 3.6%
Avery Point VI CLO, Ltd. Series 2015-6A, Class E1 (3 month LIBOR + 5.500%) 7.241%, 08/05/2027 (A)(H)		500,000		299,681
BlueMountain CLO, Ltd.
Series 2015-2A, Class ER (3 month LIBOR + 5.200%) 7.019%, 07/18/2027 (A)(H)		250,000		145,812
Series 2016-2A, Class DR (3 month LIBOR + 7.790%) 9.485%, 08/20/2032 (A)(H)		300,000		188,661
Carlyle US CLO, Ltd. Series 2017-2A, Class C (3 month LIBOR + 3.700%) 5.519%, 07/20/2031 (A)(H)		750,000		571,646

 

74

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Catskill Park CLO, Ltd. Series 2017-1A, Class D (3 month LIBOR + 6.000%) 7.819%, 04/20/2029 (A)(H)	$	500,000	$	304,663
Cent CLO 24, Ltd. Series 2015-24A, Class CR (3 month LIBOR + 3.150%) 4.981%, 10/15/2026 (A)(H)		360,000		298,718
Cook Park CLO, Ltd. Series 2018-1A, Class E (3 month LIBOR + 5.400%) 7.236%, 04/17/2030 (A)(H)		250,000		151,078
Cumberland Park CLO, Ltd. Series 2015-2A, Class ER (3 month LIBOR + 5.650%) 7.469%, 07/20/2028 (A)(H)		750,000		466,832
CVP CLO, Ltd. Series 2017-2A, Class D (3 month LIBOR + 2.650%) 4.469%, 01/20/2031 (A)(H)		500,000		353,888
Greenwood Park CLO, Ltd.
Series 2018-1A, Class D (3 month LIBOR + 2.500%) 4.331%, 04/15/2031 (A)(H)		290,000		209,209
Series 2018-1A, Class E (3 month LIBOR + 4.950%) 6.781%, 04/15/2031 (A)(H)		250,000		144,997
Greywolf CLO, Ltd. Series 2019-1A, Class C (3 month LIBOR + 3.950%) 5.786%, 04/17/2030 (A)(H)		250,000		207,485
Oaktree CLO, Ltd. Series 2015-1A, Class DR (3 month LIBOR + 5.200%) 7.019%, 10/20/2027 (A)(H)		250,000		173,994
Octagon Investment Partners XWIII, Ltd. Series 2015-1A, Class ER (3 month LIBOR + 5.750%) 7.581%, 07/15/2027 (A)(H)		250,000		160,072
OZLM XIX, Ltd. Series 2017-19A, Class C (3 month LIBOR + 3.100%) 4.931%, 11/22/2030 (A)(H)		810,000		613,612
Saranac CLO III, Ltd. Series 2014-3A, Class DR (3 month LIBOR + 3.250%) 4.445%, 06/22/2030 (A)(H)		570,000		419,754
Sound Point CLO, Ltd. Series 2013-2RA, Class E (3 month LIBOR + 6.000%) 7.831%, 04/15/2029 (A)(H)		350,000		172,410
THL Credit Wind River CLO, Ltd. Series 2016-1A, Class ER (3 month LIBOR + 5.550%) 7.381%, 07/15/2028 (A)(H)		750,000		460,379
Treman Park CLO, Ltd. Series 2015-1A, Class ERR (3 month LIBOR + 5.500%) 7.319%, 10/20/2028 (A)(H)		250,000		154,708

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%) 4.651%, 04/15/2027 (A)(H)	$	350,000	$	274,573
Series 2014-17A, Class ERR (3 month LIBOR + 5.740%) 7.571%, 04/15/2027 (A)(H)		350,000		208,242
TOTAL ASSET BACKED SECURITIES (Cost $8,736,989)			$	5,980,414
COMMON STOCKS – 0.3%
Communication services – 0.0%
New Cotai, Inc., Class B (G)(I)(J)		3		0
Vertis Holdings, Inc. (G)(J)		69,391		0
				0
Energy – 0.3%
Berry Corp.		146,822		353,841
Hercules Offshore, Inc. (G)(J)		45,689		42,961
KCAD Holdings I, Ltd. (G)(I)(J)		165,553,563		166
Montage Resources Corp. (B)(J)		28,903		65,032
MWO Holdings LLC (G)(I)(J)		445		25,841
				487,841
TOTAL COMMON STOCKS (Cost $9,825,743)			$	487,841
PREFERRED SECURITIES – 0.9%
Financials – 0.7%
B. Riley Financial, Inc., 6.875%		8,875		179,985
GMAC Capital Trust I (3 month LIBOR + 5.785%), 7.477% (H)		51,072		1,047,487
				1,227,472
Industrials – 0.1%
GFL Environmental, Inc., 6.000%		3,600		164,844
Utilities – 0.1%
NextEra Energy, Inc., 5.279%		3,300		145,497
TOTAL PREFERRED SECURITIES (Cost $1,764,425)			$	1,537,813
ESCROW SHARES – 0.0%
Bossier Casino Venture Holdco, Inc. (G)(J)		43,365		11,275
TOTAL ESCROW SHARES (Cost $0)			$	11,275
ESCROW CERTIFICATES – 0.0%
Adelphia Communications Corp.
7.750%, 01/15/2049 (G)(J)	$	3,000,000		0
9.875%, 03/01/2049 (G)(J)		2,050,000		0
10.250%, 11/01/2049 (G)(J)		1,025,000		0
TOTAL ESCROW CERTIFICATES (Cost $391,849)			$	0
SHORT-TERM INVESTMENTS – 6.6%
Short-term funds – 6.6%
John Hancock Collateral Trust, 1.1260% (K)(L)		749,833		7,496,455
State Street Institutional Treasury Plus Money Market Fund, Premier Class, 0.3490% (K)		3,332,519		3,332,519
TOTAL SHORT-TERM INVESTMENTS (Cost $10,831,238)			$	10,828,974
Total Investments (High Yield Trust) (Cost $205,506,511) – 102.3%			$	168,508,801
Other assets and liabilities, net – (2.3%)				(3,708,133)
TOTAL NET ASSETS – 100.0%			$	164,800,668

Currency Abbreviations
BRL	Brazilian Real
CAD	Canadian Dollar
EUR	Euro

 

75

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

IDR Indonesian Rupiah

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
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 $93,125,990 or 56.5% of the fund's net assets as of 3-31-20.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $7,341,586.
(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.

High Yield Trust (continued)

(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)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(H)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(I)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(J)	Non-income producing security.
(K)	The rate shown is the annualized seven-day yield as of 3-31-20.
(L)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	86	Long	Jun 2020	$10,374,287	$10,780,906	$406,619
10-Year U.S. Treasury Note Futures	3	Short	Jun 2020	(392,877)	(416,062)	(23,185)
U.S. Treasury Long Bond Futures	11	Short	Jun 2020	(1,814,664)	(1,969,688)	(155,024)
						$228,410

^ 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
CAD	1,872,009	USD	1,437,558	BNP	4/17/2020	—	$(107,091)
MXN	1,174,325	USD	61,714	JPM	4/17/2020	—	(12,318)
USD	1,889,685	CAD	2,580,000	BNP	4/17/2020	$56,038	—
USD	123,472	EUR	110,600	BNP	4/17/2020	1,427	—
USD	18,497	EUR	16,531	JPM	4/17/2020	255	—
						$57,720	$(119,409)

SWAPS

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
Centrally cleared	Ford Motor Credit Company LLC	8.534%	401,000	USD	$401,000	5.000%	Semi-Annual	Jun 2023	$(26,065)	$(8,526)	$(34,591)
					$401,000				$(26,065)	$(8,526)	$(34,591)

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

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

76

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.0%
Argentina - 0.0%
Banco Macro SA, ADR	1,600	$	27,168
Globant SA (A)	1,200		105,456
Grupo Financiero Galicia SA, ADR	3,700		26,085
Pampa Energia SA, ADR (A)	2,300		25,990
YPF SA, ADR	6,300		26,271
			210,970
Australia - 4.0%
AGL Energy, Ltd.	24,640		257,866
Alumina, Ltd.	94,472		84,666
AMP, Ltd. (A)	145,968		119,204
APA Group	44,410		281,815
Aristocrat Leisure, Ltd.	21,036		272,577
ASX, Ltd.	7,786		365,481
Aurizon Holdings, Ltd.	76,706		198,789
AusNet Services	80,027		84,029
Australia & New Zealand Banking Group, Ltd.	103,756		1,088,132
Bendigo & Adelaide Bank, Ltd.	18,165		69,787
BHP Group PLC	74,830		1,161,334
BHP Group, Ltd. (B)	107,829		1,956,161
BlueScope Steel, Ltd.	20,070		105,077
Boral, Ltd.	42,857		53,830
Brambles, Ltd.	57,919		374,374
Caltex Australia, Ltd.	9,411		127,075
Challenger, Ltd.	22,963		56,090
CIMIC Group, Ltd.	3,702		52,433
Coca-Cola Amatil, Ltd.	21,130		114,045
Cochlear, Ltd.	2,361		269,087
Coles Group, Ltd.	45,471		423,474
Commonwealth Bank of Australia	64,797		2,444,796
Computershare, Ltd.	16,916		101,265
Crown Resorts, Ltd.	14,067		65,281
CSL, Ltd.	16,591		3,007,481
Dexus	39,487		218,821
Flight Centre Travel Group, Ltd. (C)	2,493		15,739
Fortescue Metals Group, Ltd.	54,593		334,559
Goodman Group	64,495		472,727
Harvey Norman Holdings, Ltd.	19,515		35,833
Incitec Pivot, Ltd.	66,424		82,394
Insurance Australia Group, Ltd.	92,277		348,166
Lendlease Group	20,344		127,553
Macquarie Group, Ltd.	11,836		630,362
Magellan Financial Group, Ltd.	4,432		117,544
Medibank Pvt., Ltd.	99,625		163,834
Mirvac Group	141,329		179,558
National Australia Bank, Ltd.	105,529		1,082,505
Newcrest Mining, Ltd. (B)	28,639		393,292
Oil Search, Ltd.	49,235		71,404
Orica, Ltd.	13,519		126,555
Origin Energy, Ltd.	71,385		191,828
Qantas Airways, Ltd.	26,994		52,520
QBE Insurance Group, Ltd. (B)	49,037		255,434
Ramsay Health Care, Ltd.	6,659		234,145
REA Group, Ltd.	2,146		100,527
Santos, Ltd.	64,049		131,541
Scentre Group	211,217		202,309
SEEK, Ltd. (B)	11,910		108,837
Sonic Healthcare, Ltd.	16,282		244,716
South32, Ltd.	112,851		124,577
South32, Ltd. (London Stock Exchange)	74,597		82,620
Stockland	87,409		134,410
Suncorp Group, Ltd.	50,553		280,734
Sydney Airport (B)	39,872		137,762
Tabcorp Holdings, Ltd.	75,725		117,192
Telstra Corp., Ltd.	168,147		315,637

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
The GPT Group	79,169	$	175,886
TPG Telecom, Ltd.	13,013		55,419
Transurban Group	99,243		739,226
Treasury Wine Estates, Ltd.	26,341		163,540
Vicinity Centres	127,154		79,540
Washington H Soul Pattinson & Company, Ltd.	3,863		39,918
Wesfarmers, Ltd.	41,503		879,458
Westpac Banking Corp.	127,744		1,312,034
WiseTech Global, Ltd. (B)	5,291		55,005
Woodside Petroleum, Ltd.	35,379		392,583
Woolworths Group, Ltd.	46,073		1,001,922
Worley, Ltd.	11,515		42,731
			25,187,046
Austria - 0.1%
ANDRITZ AG	2,752		86,220
Erste Group Bank AG	11,010		201,568
OMV AG	5,543		151,695
Raiffeisen Bank International AG	4,926		70,857
Verbund AG	2,442		88,074
voestalpine AG	4,357		87,909
			686,323
Belgium - 0.6%
Ageas	6,383		265,993
Anheuser-Busch InBev SA (B)	28,841		1,273,904
Colruyt SA	2,769		150,102
Galapagos NV (A)	1,603		314,793
Groupe Bruxelles Lambert SA	3,135		246,666
KBC Group NV	8,597		390,091
Proximus SADP	5,996		137,695
Solvay SA	2,881		207,627
Telenet Group Holding NV	2,144		64,381
Titan Cement International SA (A)	2,489		28,383
UCB SA	4,152		355,255
Umicore SA (B)	6,530		225,228
			3,660,118
Brazil - 0.9%
Ambev SA	161,630		370,784
Atacadao SA	13,900		55,187
B2W Cia Digital (A)	7,539		69,643
B3 SA - Brasil Bolsa Balcao	73,407		507,171
Banco Bradesco SA	38,562		139,595
Banco BTG Pactual SA	7,800		49,897
Banco do Brasil SA	30,113		161,631
Banco Santander Brasil SA	14,000		71,858
BB Seguridade Participacoes SA	24,400		116,691
BR Malls Participacoes SA	28,116		54,002
Braskem SA, ADR (B)	1,584		10,518
BRF SA (A)	19,720		57,269
CCR SA	40,100		90,524
Centrais Eletricas Brasileiras SA	9,400		43,164
Centrais Eletricas Brasileiras SA, ADR	1,429		7,502
Cia Brasileira de Distribuicao	4,938		63,045
Cia Brasileira de Distribuicao, ADR	628		7,919
Cia de Saneamento Basico do Estado de Sao Paulo	11,270		84,827
Cia Siderurgica Nacional SA, ADR (B)	11,800		15,458
Cielo SA	44,260		37,820
Cogna Educacao	54,565		42,005
Cosan SA	5,611		58,053
Embraer SA (A)	12,800		23,501
Embraer SA, ADR (A)	2,626		19,432
Energisa SA	6,100		44,376
Engie Brasil Energia SA	7,275		54,491

 

77

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Brazil (continued)
Equatorial Energia SA	30,700	$	103,986
Hypera SA	10,908		60,018
IRB Brasil Resseguros SA	25,200		46,946
JBS SA	34,073		133,378
Klabin SA	24,000		73,855
Localiza Rent a Car SA	21,027		106,428
Lojas Renner SA	25,927		167,454
Magazine Luiza SA	23,027		172,788
Multiplan Empreendimentos Imobiliarios SA	9,975		36,628
Natura & Company Holding SA	23,300		115,422
Notre Dame Intermedica Participacoes SA	17,255		149,301
Petrobras Distribuidora SA	25,000		74,623
Petroleo Brasileiro SA	133,029		362,008
Porto Seguro SA	1,919		16,590
Raia Drogasil SA	8,100		158,770
Rumo SA (A)	38,235		144,593
Sul America SA	10,299		66,994
Suzano SA	13,763		94,798
Suzano SA, ADR (B)	3,164		21,737
Telefonica Brasil SA, ADR	6,017		57,342
TIM Participacoes SA	28,020		67,083
Ultrapar Participacoes SA	25,400		61,250
Vale SA	110,497		919,089
WEG SA	30,058		194,193
			5,661,637
Canada - 6.3%
Agnico Eagle Mines, Ltd.	8,986		358,725
Air Canada (A)	4,700		52,601
Algonquin Power & Utilities Corp.	19,398		261,204
Alimentation Couche-Tard, Inc., Class B	30,600		720,806
AltaGas, Ltd.	11,500		104,189
Atco, Ltd., Class I	3,400		94,151
Aurora Cannabis, Inc. (A)(B)	27,900		24,980
Bank of Montreal	22,700		1,146,210
Barrick Gold Corp.	42,277		776,866
Barrick Gold Corp. (London Stock Exchange)	20,657		383,708
BCE, Inc.	5,524		226,605
BlackBerry, Ltd. (A)(B)	21,000		86,101
Bombardier, Inc., Class B (A)(B)	88,200		28,516
Brookfield Asset Management, Inc., Class A	31,648		1,402,830
CAE, Inc.	10,400		131,469
Cameco Corp.	16,300		124,280
Canadian Apartment Properties REIT (B)	2,900		87,765
Canadian Imperial Bank of Commerce (B)	15,700		914,801
Canadian National Railway Company	25,500		1,993,722
Canadian Natural Resources, Ltd.	41,660		569,854
Canadian Pacific Railway, Ltd.	4,900		1,081,287
Canadian Tire Corp., Ltd., Class A (B)	2,100		126,749
Canadian Utilities, Ltd., Class A	4,600		109,958
Canopy Growth Corp. (A)(B)	8,000		116,308
CCL Industries, Inc., Class B	6,000		182,434
Cenovus Energy, Inc.	40,300		81,327
CGI, Inc. (A)	8,900		481,838
CI Financial Corp.	6,700		66,510
Constellation Software, Inc.	700		636,193
Cronos Group, Inc. (A)(B)	8,100		45,988
Dollarama, Inc.	10,100		280,185
Emera, Inc.	8,200		323,385
Empire Company, Ltd., Class A	6,200		121,286
Enbridge, Inc.	72,200		2,102,434

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Fairfax Financial Holdings, Ltd.	1,000	$	306,566
First Capital Real Estate Investment Trust	2,700		26,150
First Quantum Minerals, Ltd.	26,954		137,710
Fortis, Inc.	15,335		591,367
Franco-Nevada Corp.	6,755		674,924
George Weston, Ltd.	2,799		200,145
Gildan Activewear, Inc.	8,400		107,082
Great-West Lifeco, Inc.	9,900		171,015
H&R Real Estate Investment Trust	6,200		39,342
Husky Energy, Inc.	14,897		37,473
Hydro One, Ltd. (D)	10,900		196,267
iA Financial Corp., Inc.	3,400		106,883
IGM Financial, Inc. (B)	3,000		49,776
Imperial Oil, Ltd.	8,630		97,565
Intact Financial Corp.	5,000		432,140
Inter Pipeline, Ltd.	15,900		95,131
Keyera Corp.	8,500		79,002
Kinross Gold Corp. (A)	41,629		167,131
Kirkland Lake Gold, Ltd.	8,100		238,574
Loblaw Companies, Ltd.	6,140		316,533
Lundin Mining Corp.	26,800		100,740
Magna International, Inc.	10,900		347,843
Manulife Financial Corp. (E)	68,800		863,850
Methanex Corp.	2,700		32,865
Metro, Inc.	9,357		378,389
National Bank of Canada (B)	12,400		479,241
Nutrien, Ltd. (B)	20,490		700,472
Onex Corp.	3,500		128,107
Open Text Corp.	9,700		339,186
Parkland Fuel Corp.	5,400		95,199
Pembina Pipeline Corp.	18,998		356,390
Power Corp. of Canada (B)	19,412		312,291
PrairieSky Royalty, Ltd. (B)	9,247		48,821
Quebecor, Inc., Class B	6,400		141,479
Restaurant Brands International, Inc.	9,046		364,527
RioCan Real Estate Investment Trust	6,300		72,208
Rogers Communications, Inc., Class B	13,300		555,135
Royal Bank of Canada	51,200		3,171,395
Saputo, Inc.	9,100		218,819
Shaw Communications, Inc., Class B	16,857		273,464
Shopify, Inc., Class A (A)	3,700		1,550,198
SmartCentres Real Estate Investment Trust	3,100		41,501
Sun Life Financial, Inc.	20,700		665,877
Suncor Energy, Inc.	54,435		868,763
TC Energy Corp. (B)	33,197		1,475,501
Teck Resources, Ltd., Class B	19,461		147,551
TELUS Corp. (B)	15,380		243,164
The Bank of Nova Scotia	43,400		1,772,329
The Stars Group, Inc. (A)	7,500		153,379
The Toronto-Dominion Bank	64,700		2,750,658
Thomson Reuters Corp. (B)	6,954		473,779
West Fraser Timber Company, Ltd.	1,900		36,237
Wheaton Precious Metals Corp.	16,010		440,608
WSP Global, Inc.	3,800		215,800
			39,131,807
Chile - 0.1%
Antofagasta PLC	16,040		153,189
Banco Santander Chile, ADR	4,908		74,258
Cencosud SA	61,383		63,854
Cia Cervecerias Unidas SA, ADR	1,518		20,311
Enel Americas SA, ADR	24,015		145,531
Enel Chile SA, ADR	14,822		49,209
Itau CorpBanca, ADR	7,999		31,916

 

78

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chile (continued)
Latam Airlines Group SA, ADR (B)	6,585	$	17,450
Sociedad Quimica y Minera de Chile SA, ADR	3,144		70,897
			626,615
China - 9.8%
3SBio, Inc. (A)(D)	40,500		41,664
51job, Inc., ADR (A)	900		55,251
58.com, Inc., ADR (A)	3,300		160,776
AAC Technologies Holdings, Inc. (B)	27,342		139,431
AECC Aviation Power Company, Ltd., Class A	3,600		10,669
Agile Group Holdings, Ltd.	54,000		57,824
Agricultural Bank of China, Ltd., Class A	165,700		78,479
Agricultural Bank of China, Ltd., H Shares	1,169,000		466,741
Aier Eye Hospital Group Company, Ltd., Class A	6,880		37,753
Air China, Ltd., H Shares	84,534		53,963
Aisino Corp., Class A	4,100		10,923
Alibaba Group Holding, Ltd., ADR (A)	62,500		12,155,001
Aluminum Corp. of China, Ltd., A Shares (A)	29,100		11,699
Aluminum Corp. of China, Ltd., H Shares (A)	185,220		36,379
Anhui Conch Cement Company, Ltd., Class A	8,900		68,157
Anhui Conch Cement Company, Ltd., H Shares	44,290		304,256
Anhui Gujing Distillery Company, Ltd., Class A	900		14,448
ANTA Sports Products, Ltd.	44,000		319,295
Autohome, Inc., ADR (A)	2,100		149,142
AVIC Aircraft Company, Ltd., Class A	6,200		13,711
Avic Capital Company, Ltd., Class A	20,000		10,972
AVIC Jonhon Optronic Technology Company, Ltd., Class A	2,300		11,031
AviChina Industry & Technology Company, Ltd., H Shares	72,000		27,494
BAIC Motor Corp., Ltd., H Shares (D)	63,000		24,782
Baidu, Inc., ADR (A)	10,800		1,088,532
Bank of Beijing Company, Ltd., Class A	47,000		31,878
Bank of China, Ltd., Class A	78,100		38,177
Bank of China, Ltd., H Shares	3,079,563		1,172,279
Bank of Communications Company, Ltd., Class A	87,300		63,309
Bank of Communications Company, Ltd., H Shares	337,527		205,575
Bank of Hangzhou Company, Ltd., Class A	11,400		12,308
Bank of Jiangsu Company, Ltd., Class A	25,700		21,682
Bank of Nanjing Company, Ltd., Class A	13,600		13,812
Bank of Ningbo Company, Ltd., Class A	12,500		40,377
Bank of Shanghai Company, Ltd., Class A	31,610		36,498
Baoshan Iron & Steel Company, Ltd., Class A	41,300		28,193
Baozun, Inc., ADR (A)(B)	1,300		36,322
BBMG Corp., H Shares	44,000		10,904
BeiGene, Ltd., ADR (A)	1,500		184,665
Beijing Capital International Airport Company, Ltd., H Shares	52,789		33,503
Beijing Shunxin Agriculture Company, Ltd., Class A	1,700		14,582

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
BOE Technology Group Company, Ltd., Class A	75,300	$	38,785
BYD Company, Ltd., Class A	4,000		33,517
BYD Company, Ltd., H Shares (B)	24,105		128,604
BYD Electronic International Company, Ltd. (B)	13,500		22,198
CGN Power Company, Ltd., H Shares (D)	446,000		101,607
Changchun High & New Technology Industry Group, Inc., Class A	400		30,599
China Aoyuan Group, Ltd.	64,000		73,741
China Cinda Asset Management Company, Ltd., H Shares	304,800		57,327
China CITIC Bank Corp., Ltd., H Shares	310,800		152,840
China Coal Energy Company, Ltd., H Shares	41,000		11,277
China Common Rich Renewable Energy Investments, Ltd. (A)(C)	428,695		11,889
China Communications Construction Company, Ltd., H Shares	152,335		104,998
China Communications Services Corp., Ltd., H Shares	129,600		93,189
China Conch Venture Holdings, Ltd.	57,900		256,786
China Construction Bank Corp., Class A	15,400		13,701
China Construction Bank Corp., H Shares	3,428,914		2,787,182
China Eastern Airlines Corp., Ltd., Class A (A)	15,800		9,096
China Eastern Airlines Corp., Ltd., H Shares (A)(B)	50,000		17,121
China Everbright Bank Company, Ltd., Class A	88,600		44,898
China Everbright Bank Company, Ltd., H Shares	120,000		45,647
China Evergrande Group (B)	65,959		108,115
China Fortune Land Development Company, Ltd., Class A	6,700		19,504
China Galaxy Securities Company, Ltd., H Shares	129,500		62,146
China Greatwall Technology Group Company, Ltd., Class A	6,500		10,804
China Hongqiao Group, Ltd.	34,500		14,580
China Huarong Asset Management Company, Ltd., H Shares (D)	351,700		44,167
China Huishan Dairy Holdings Company, Ltd. (A)(C)	225,000		0
China International Capital Corp., Ltd., H Shares (B)(D)	36,800		58,898
China International Travel Service Corp., Ltd., Class A	4,300		40,274
China Life Insurance Company, Ltd., Class A	4,500		16,547
China Life Insurance Company, Ltd., H Shares	292,624		565,071
China Literature, Ltd. (A)(D)	6,400		25,132
China Longyuan Power Group Corp., Ltd., H Shares	99,000		54,035
China Medical System Holdings, Ltd.	48,300		51,670
China Merchants Bank Company, Ltd., Class A	45,900		207,146
China Merchants Bank Company, Ltd., H Shares	153,323		685,932
China Merchants Securities Company, Ltd., Class A	12,700		30,443

 

79

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A	17,600	$	40,540
China Minsheng Banking Corp., Ltd., Class A	78,880		63,229
China Minsheng Banking Corp., Ltd., H Shares	242,496		179,361
China Molybdenum Company, Ltd., Class A	28,400		13,665
China Molybdenum Company, Ltd., H Shares	129,000		35,462
China National Building Material Company, Ltd., H Shares	138,000		148,255
China National Nuclear Power Company, Ltd., Class A	20,900		12,896
China Oilfield Services, Ltd., H Shares	56,000		42,751
China Oriental Group Company, Ltd.	22,000		5,593
China Pacific Insurance Group Company, Ltd., Class A	14,000		55,130
China Pacific Insurance Group Company, Ltd., H Shares	94,100		281,757
China Petroleum & Chemical Corp., Class A	56,700		35,232
China Petroleum & Chemical Corp., H Shares	1,011,361		494,158
China Railway Construction Corp., Ltd., Class A	25,600		35,035
China Railway Construction Corp., Ltd., H Shares	67,500		74,627
China Railway Group, Ltd., Class A	30,000		22,522
China Railway Group, Ltd., H Shares	179,000		94,684
China Railway Signal & Communication Corp., Ltd., H Shares (D)	53,000		26,425
China Reinsurance Group Corp., H Shares	203,000		23,389
China Resources Pharmaceutical Group, Ltd. (D)	66,000		39,407
China Shenhua Energy Company, Ltd., Class A	9,800		22,241
China Shenhua Energy Company, Ltd., H Shares	127,500		240,907
China Shipbuilding Industry Company, Ltd., Class A	50,900		29,927
China Southern Airlines Company, Ltd., Class A	13,800		9,915
China Southern Airlines Company, Ltd., H Shares (B)	64,000		27,122
China State Construction Engineering Corp., Ltd., Class A	93,340		68,639
China Telecom Corp., Ltd., H Shares	481,604		145,919
China Tower Corp., Ltd., H Shares (D)	1,714,000		380,852
China United Network Communications, Ltd., Class A	69,100		50,329
China Vanke Company, Ltd., Class A	21,600		77,302
China Vanke Company, Ltd., H Shares	63,600		207,136
China Yangtze Power Company, Ltd., Class A	48,900		118,919
China Zhongwang Holdings, Ltd.	32,800		8,567
Chongqing Rural Commercial Bank Company, Ltd., H Shares	88,000		35,844
Chongqing Zhifei Biological Products Company, Ltd., Class A	2,100		19,910
CIFI Holdings Group Company, Ltd.	128,078		90,800
CITIC Securities Company, Ltd., Class A	21,900		67,913
CITIC Securities Company, Ltd., H Shares	75,500		136,907

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
CNOOC, Ltd.	694,258	$	721,455
Contemporary Amperex Technology Company, Ltd., Class A	4,900		82,630
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares	44,000		23,298
COSCO SHIPPING Holdings Company, Ltd., H Shares (A)(B)	92,000		25,108
Country Garden Holdings Company, Ltd.	278,226		332,624
Country Garden Services Holdings Company, Ltd.	53,000		213,261
CRRC Corp., Ltd., Class A	54,100		49,490
CRRC Corp., Ltd., H Shares	164,150		82,718
CSC Financial Company, Ltd., Class A	6,200		26,861
CSPC Pharmaceutical Group, Ltd.	186,000		365,879
Dali Foods Group Company, Ltd. (D)	73,000		50,627
Daqin Railway Company, Ltd., Class A	33,100		31,588
Datang International Power Generation Company, Ltd., H Shares	110,000		14,669
Dongfeng Motor Group Company, Ltd., H Shares	123,220		80,230
East Money Information Company, Ltd., Class A	14,900		33,430
ENN Energy Holdings, Ltd.	32,100		310,961
Eve Energy Company, Ltd., Class A (A)	2,200		17,776
Everbright Securities Company, Ltd., Class A	8,700		13,355
Focus Media Information Technology Company, Ltd., Class A	32,700		20,156
Foshan Haitian Flavouring & Food Company, Ltd., Class A	5,000		87,784
Fosun International, Ltd.	102,500		117,671
Founder Securities Company, Ltd., Class A	13,200		13,244
Foxconn Industrial Internet Company, Ltd., Class A	6,400		11,731
Fuyao Glass Industry Group Company, Ltd., Class A	4,500		12,087
Fuyao Glass Industry Group Company, Ltd., H Shares (D)	16,800		35,692
GD Power Development Company, Ltd., Class A	43,700		12,445
GDS Holdings, Ltd., ADR (A)(B)	2,100		121,737
Gemdale Corp., Class A	7,300		14,388
Genscript Biotech Corp. (A)(B)	28,000		44,817
GF Securities Company, Ltd., Class A	13,200		25,284
GF Securities Company, Ltd., H Shares	47,800		50,794
Gigadevice Semiconductor Beijing, Inc., Class A	700		23,635
Glodon Company, Ltd., Class A	2,500		14,865
GoerTek, Inc., Class A	5,200		11,831
GOME Retail Holdings, Ltd. (A)(B)	386,127		35,497
Great Wall Motor Company, Ltd., H Shares (B)	123,000		77,999
Gree Electric Appliances, Inc. of Zhuhai, Class A	6,700		48,796
Greenland Holdings Corp., Ltd., Class A	13,100		9,917
Greentown Service Group Company, Ltd.	22,000		26,465
Guangdong Haid Group Company, Ltd., Class A	3,500		19,710
Guangzhou Automobile Group Company, Ltd., H Shares	142,310		141,557
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., Class A	2,300		10,106

 

80

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Guangzhou R&F Properties Company, Ltd., H Shares	43,600	$	56,079
Guosen Securities Company, Ltd., Class A	6,600		10,239
Guotai Junan Securities Company, Ltd., Class A	16,700		38,002
Guotai Junan Securities Company, Ltd., H Shares (D)	21,400		31,579
Haidilao International Holding, Ltd. (B)(D)	19,000		73,260
Haier Smart Home Company, Ltd., Class A	13,600		27,354
Haitian International Holdings, Ltd.	29,000		53,790
Haitong Securities Company, Ltd., Class A	18,000		32,359
Haitong Securities Company, Ltd., H Shares	113,200		102,824
Hangzhou Hikvision Digital Technology Company, Ltd., Class A	20,800		80,759
Hangzhou Tigermed Consulting Company, Ltd., Class A	1,700		15,222
Henan Shuanghui Investment & Development Company, Ltd., Class A	4,400		24,190
Hengan International Group Company, Ltd.	25,000		186,729
Hengli Petrochemical Company, Ltd., Class A	9,500		16,496
Hithink RoyalFlush Information Network Company, Ltd., Class A	900		13,566
Hua Hong Semiconductor, Ltd. (D)	9,000		16,182
Huadian Power International Corp., Ltd., H Shares	58,000		17,182
Huadong Medicine Company, Ltd., Class A	2,800		6,816
Hualan Biological Engineering, Inc., Class A	3,100		20,769
Huaneng Power International, Inc., H Shares	149,436		55,726
Huatai Securities Company, Ltd., Class A	16,400		39,557
Huatai Securities Company, Ltd., H Shares (D)	65,400		96,463
Huaxia Bank Company, Ltd., Class A	28,500		25,874
Huayu Automotive Systems Company, Ltd., Class A	5,100		15,329
Huazhu Group, Ltd., ADR	4,700		135,031
Hundsun Technologies, Inc., Class A	1,300		15,934
Iflytek Company, Ltd., Class A	3,500		16,731
Industrial & Commercial Bank of China, Ltd., Class A	120,000		86,798
Industrial & Commercial Bank of China, Ltd., H Shares	2,309,735		1,575,653
Industrial Bank Company, Ltd., Class A	46,200		102,916
Industrial Securities Company, Ltd., Class A	14,900		13,001
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A	48,800		7,859
Inner Mongolia Yili Industrial Group Company, Ltd., Class A	13,600		56,830
Inner Mongolia Yitai Coal Company, Ltd., Class B	37,900		24,565
Inspur Electronic Information Industry Company, Ltd., Class A	3,248		17,307
iQIYI, Inc., ADR (A)(B)	4,500		80,100
JD.com, Inc., ADR (A)	28,800		1,166,400

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Jiangsu Expressway Company, Ltd., H Shares	41,145	$	45,731
Jiangsu Hengli Hydraulic Company, Ltd., Class A	2,000		17,096
Jiangsu Hengrui Medicine Company, Ltd., Class A (A)	9,860		126,566
Jiangsu King's Luck Brewery JSC, Ltd., Class A	2,800		11,013
Jiangsu Yanghe Brewery Joint-Stock Company, Ltd., Class A	3,400		39,893
Jiangxi Copper Company, Ltd., H Shares	54,075		49,620
JOYY, Inc., ADR (A)	2,600		138,476
Kaisa Group Holdings, Ltd. (A)	49,000		17,868
Kingdee International Software Group Company, Ltd.	70,000		92,074
Kingsoft Corp., Ltd.	29,000		93,218
Kweichow Moutai Company, Ltd., Class A	2,800		435,141
KWG Group Holdings, Ltd. (A)	45,000		63,053
Legend Holdings Corp., H Shares (D)	13,600		16,631
Lenovo Group, Ltd.	257,436		136,375
Lens Technology Company, Ltd., Class A	7,300		14,780
Lepu Medical Technology Beijing Company, Ltd., Class A	4,000		20,170
Li Ning Company, Ltd.	70,500		202,820
Lingyi iTech Guangdong Company, Class A (A)	12,700		14,511
Logan Property Holdings Company, Ltd.	48,000		73,017
Longfor Group Holdings, Ltd. (D)	74,100		356,636
LONGi Green Energy Technology Company, Ltd., Class A	8,100		28,102
Luxshare Precision Industry Company, Ltd., Class A	11,920		63,208
Luye Pharma Group, Ltd. (B)(D)	23,000		11,083
Luzhou Laojiao Company, Ltd., Class A	3,300		33,942
Mango Excellent Media Company, Ltd., Class A (A)	3,300		20,082
Meinian Onehealth Healthcare Holdings Company, Ltd., Class A	8,300		13,716
Meituan Dianping, Class B (A)	40,200		479,234
Metallurgical Corp. of China, Ltd., A Shares	28,700		10,475
Metallurgical Corp. of China, Ltd., H Shares	103,000		17,919
Momo, Inc., ADR	5,200		112,788
Muyuan Foodstuff Company, Ltd., Class A	3,900		66,570
NARI Technology Company, Ltd., Class A	10,300		28,273
NetEase, Inc., ADR	2,800		898,688
New China Life Insurance Company, Ltd., Class A	4,600		25,552
New China Life Insurance Company, Ltd., H Shares	29,500		90,836
New Hope Liuhe Company, Ltd., Class A	6,800		29,749
New Oriental Education & Technology Group, Inc., ADR (A)	5,600		606,144
NIO, Inc., ADR (A)(B)	13,200		36,696
Noah Holdings, Ltd., ADR (A)(B)	1,000		25,860
Orient Securities Company, Ltd., Class A	9,600		12,217
Perfect World Company, Ltd., Class A	2,900		19,250
PetroChina Company, Ltd., Class A	36,000		23,337
PetroChina Company, Ltd., H Shares	848,261		307,444

 

81

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
PICC Property & Casualty Company, Ltd., H Shares	252,363	$	241,658
Pinduoduo, Inc., ADR (A)(B)	6,800		245,004
Ping An Bank Company, Ltd., Class A	38,200		68,336
Ping An Insurance Group Company of China, Ltd., Class A	24,100		233,235
Ping An Insurance Group Company of China, Ltd., H Shares	198,790		1,941,435
Poly Developments and Holdings Group Company, Ltd., Class A	26,500		55,146
Postal Savings Bank of China Company, Ltd., H Shares (D)	285,000		173,519
Power Construction Corp. of China, Ltd., Class A	20,500		11,273
Rongsheng Petro Chemical Company, Ltd., Class A	9,300		14,246
SAIC Motor Corp., Ltd., Class A	17,300		49,599
Sanan Optoelectronics Company, Ltd., Class A	6,600		17,568
Sangfor Technologies, Inc., Class A	700		15,519
Sany Heavy Industry Company, Ltd., Class A	18,600		44,664
SDIC Capital Company, Ltd., Class A	7,800		13,293
SDIC Power Holdings Company, Ltd., Class A	10,900		12,159
Seazen Group, Ltd. (A)	64,000		57,039
Seazen Holdings Company, Ltd., Class A	5,000		21,890
Semiconductor Manufacturing International Corp. (A)	105,400		165,546
SF Holding Company, Ltd., Class A	3,600		23,799
Shaanxi Coal Industry Company, Ltd., Class A	13,400		13,967
Shandong Gold Mining Company, Ltd., Class A	4,200		20,185
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares	80,000		100,429
Shanghai Electric Group Company, Ltd., H Shares	144,864		38,052
Shanghai Fosun Pharmaceutical Group Company, Ltd., Class A	3,200		14,672
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares	17,500		56,744
Shanghai International Airport Company, Ltd., Class A	1,600		13,599
Shanghai International Port Group Company, Ltd., Class A	13,700		8,563
Shanghai Lujiazui Finance & Trade Zone Development Company, Ltd., B Shares	39,240		31,462
Shanghai M&G Stationery, Inc., Class A	2,000		12,963
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	31,100		52,477
Shanghai Pudong Development Bank Company, Ltd., Class A	65,300		92,954
Shanxi Xinghuacun Fen Wine Factory Company, Ltd., Class A	1,400		17,713
Shengyi Technology Company, Ltd., Class A	5,100		18,730
Shennan Circuits Company, Ltd., Class A	800		21,890
Shenwan Hongyuan Group Company, Ltd., Class A	36,200		22,329
Shenzhen Goodix Technology Company, Ltd., Class A	800		29,058

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Shenzhen Inovance Technology Company, Ltd., Class A	3,700	$	13,347
Shenzhen Kangtai Biological Products Company, Ltd., Class A	1,400		22,373
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A	700		25,467
Shenzhen Overseas Chinese Town Company, Ltd., Class A	13,200		11,776
Shenzhen Sunway Communication Company, Ltd., Class A (A)	2,200		10,484
Shenzhou International Group Holdings, Ltd.	27,000		283,232
Shui On Land, Ltd.	73,000		12,165
Sichuan Chuantou Energy Company, Ltd., Class A	9,800		12,671
SINA Corp. (A)	2,300		73,232
Sino-Ocean Group Holding, Ltd.	177,213		44,875
Sinopec Engineering Group Company, Ltd., H Shares	47,000		19,563
Sinopec Shanghai Petrochemical Company, Ltd., H Shares	119,901		29,567
Sinopharm Group Company, Ltd., H Shares	42,800		94,832
Sinotrans, Ltd., H Shares	73,000		17,820
Sinotruk Hong Kong, Ltd.	24,500		40,244
SOHO China, Ltd.	140,000		71,527
Songcheng Performance Development Company, Ltd., Class A	3,200		11,175
Spring Airlines Company, Ltd., Class A	2,000		9,015
Sunac China Holdings, Ltd.	98,000		446,955
Suning.com Company, Ltd., Class A	20,700		26,144
Sunny Optical Technology Group Company, Ltd.	28,700		379,640
TAL Education Group, ADR (A)	15,200		809,552
TCL Technology Group Corp., Class A	21,800		12,570
Tencent Holdings, Ltd. (B)	205,300		10,147,489
Tencent Music Entertainment Group, ADR (A)	3,200		32,192
The People's Insurance Company Group of China, Ltd., H Shares	265,000		86,803
Tingyi Cayman Islands Holding Corp.	76,000		123,563
Tongwei Company, Ltd., Class A	6,200		10,063
TravelSky Technology, Ltd., H Shares	31,000		54,257
Trip.com Group, Ltd., ADR (A)	18,700		438,515
Tsingtao Brewery Company, Ltd., H Shares	12,000		60,657
Uni-President China Holdings, Ltd.	46,000		44,459
Unisplendour Corp., Ltd., Class A	3,800		18,673
Vipshop Holdings, Ltd., ADR (A)	15,300		238,374
Walvax Biotechnology Company, Ltd., Class A	3,400		15,053
Wanhua Chemical Group Company, Ltd., Class A	7,000		40,330
Want Want China Holdings, Ltd.	218,000		157,203
Weibo Corp., ADR (A)(B)	1,890		62,578
Weichai Power Company, Ltd., Class A	9,600		15,938
Weichai Power Company, Ltd., H Shares	78,720		125,392
Wens Foodstuffs Group Company, Ltd., Class A	11,800		53,358
Will Semiconductor, Ltd., Class A	1,300		28,124
Wuhu Sanqi Interactive Entertainment Network Technology Group Company, Ltd., Class A	4,700		21,452
Wuliangye Yibin Company, Ltd., Class A	8,600		138,339

 

82

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
WUS Printed Circuit Kunshan Company, Ltd., Class A	3,800	$	12,570
WuXi AppTec Company, Ltd., Class A	3,300		41,598
WuXi AppTec Company, Ltd., H Shares (D)	7,980		97,004
Wuxi Biologics Cayman, Inc. (A)(D)	19,000		242,570
Xiaomi Corp., Class B (A)(D)	279,200		370,718
Xinjiang Goldwind Science & Technology Company, Ltd., A Shares	7,700		10,199
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares	22,200		19,141
Xinyi Solar Holdings, Ltd.	162,762		90,300
Yangzijiang Shipbuilding Holdings, Ltd.	99,600		57,792
Yanzhou Coal Mining Company, Ltd., H Shares	85,990		66,613
Yihai International Holding, Ltd. (A)	22,000		165,715
Yonghui Superstores Company, Ltd., Class A	10,200		14,630
Yonyou Network Technology Company, Ltd., Class A	4,000		22,531
Yum China Holdings, Inc.	14,200		605,346
Yunda Holding Company, Ltd., Class A	2,400		10,341
Yunnan Baiyao Group Company, Ltd., Class A	2,800		33,551
Yuzhou Properties Company, Ltd.	37,586		15,833
Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., Class A	1,000		17,375
Zhaojin Mining Industry Company, Ltd., H Shares	37,500		37,685
Zhejiang Chint Electrics Company, Ltd., Class A	4,800		15,868
Zhejiang Dahua Technology Company, Ltd., Class A	4,800		10,814
Zhejiang Expressway Company, Ltd., H Shares	49,718		34,361
Zhejiang Longsheng Group Company, Ltd., Class A	7,200		11,959
Zhejiang NHU Company, Ltd., Class A	4,800		18,290
Zhejiang Sanhua Intelligent Controls Company, Ltd., Class A	6,200		13,857
Zhejiang Supor Company, Ltd., Class A	1,200		11,613
ZhongAn Online P&C Insurance Company, Ltd., H Shares (A)(B)(D)	5,900		19,189
Zhongsheng Group Holdings, Ltd.	20,000		69,404
Zhuzhou CRRC Times Electric Company, Ltd., H Shares	18,000		53,322
Zijin Mining Group Company, Ltd., Class A	27,800		14,288
Zijin Mining Group Company, Ltd., H Shares	285,469		106,924
Zoomlion Heavy Industry Science and Technology Company, Ltd., Class A	14,300		11,371
ZTE Corp., Class A (A)	7,600		45,465
ZTE Corp., H Shares (A)	25,887		79,013
ZTO Express Cayman, Inc., ADR (A)	11,400		301,872
			60,641,538
Colombia - 0.0%
Bancolombia SA, ADR	3,447		86,037
Ecopetrol SA, ADR (B)	8,500		80,835
			166,872
Czech Republic - 0.0%
CEZ AS	6,817		111,208
Komercni banka AS	3,440		64,855

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Czech Republic (continued)
Moneta Money Bank AS (D)	22,079	$	45,473
			221,536
Denmark - 1.5%
A.P. Moller - Maersk A/S, Series A	150		123,198
A.P. Moller - Maersk A/S, Series B	245		217,159
Carlsberg A/S, Class B	4,239		477,226
Chr. Hansen Holding A/S (B)	4,322		318,932
Coloplast A/S, B Shares	4,719		684,380
Danske Bank A/S	26,235		291,980
Demant A/S (A)(B)	5,000		108,867
DSV Panalpina A/S	8,552		777,625
Genmab A/S (A)	2,584		519,045
H Lundbeck A/S	2,300		67,533
ISS A/S	6,590		90,155
Novo Nordisk A/S, B Shares	63,125		3,769,578
Novozymes A/S, B Shares	8,505		381,507
Orsted A/S (D)	7,444		728,750
Pandora A/S	4,042		129,874
Tryg A/S	4,500		109,529
Vestas Wind Systems A/S (B)	7,479		608,534
			9,403,872
Egypt - 0.0%
Commercial International Bank Egypt SAE	51,581		190,415
Finland - 0.8%
Elisa OYJ (B)	5,862		361,823
Fortum OYJ	16,798		244,361
Kone OYJ, B Shares	13,288		744,138
Metso OYJ	4,686		110,429
Neste OYJ	16,732		556,299
Nokia OYJ	165,491		509,689
Nokia OYJ (Euronext Paris Exchange)	56,247		173,628
Nokian Renkaat OYJ (B)	5,529		132,022
Nordea Bank ABP	1,569		8,710
Nordea Bank ABP (Stockholm Stock Exchange)	124,630		701,095
Orion OYJ, Class B	3,379		137,513
Sampo OYJ, A Shares	17,454		503,528
Stora Enso OYJ, R Shares	20,482		204,797
UPM-Kymmene OYJ	19,972		544,576
Wartsila OYJ ABP	15,222		111,158
			5,043,766
France - 6.9%
Accor SA	7,381		198,298
Aeroports de Paris	1,190		114,961
Air Liquide SA	16,847		2,150,479
Airbus SE	20,795		1,340,902
Alstom SA	6,477		267,449
Amundi SA (D)	2,415		139,731
Arkema SA	2,540		173,417
Atos SE	3,698		246,380
AXA SA	70,994		1,202,068
BioMerieux	1,782		201,738
BNP Paribas SA	39,973		1,167,022
Bollore SA	32,373		87,978
Bollore SA (A)(B)	188		607
Bouygues SA	8,158		236,755
Bureau Veritas SA	10,297		194,087
Capgemini SE	5,840		488,005
Carrefour SA	23,396		370,927
Casino Guichard Perrachon SA (B)	2,522		96,517
Cie de Saint-Gobain	18,075		433,718
Cie Generale des Etablissements Michelin SCA	5,963		522,269

 

83

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
CNP Assurances	6,491	$	62,850
Covivio	1,971		110,693
Credit Agricole SA	43,230		305,891
Danone SA	22,689		1,452,057
Dassault Aviation SA (B)	98		80,477
Dassault Systemes SE	4,830		705,137
Edenred	8,382		347,849
Eiffage SA	3,075		218,275
Electricite de France SA	23,423		183,157
Engie SA	67,111		687,248
EssilorLuxottica SA	10,415		1,102,687
Eurazeo SE	1,144		51,331
Eutelsat Communications SA	7,578		78,775
Faurecia SE	2,970		86,966
Gecina SA	1,814		238,704
Getlink SE	18,178		219,857
Hermes International	1,164		791,999
ICADE	1,225		96,148
Iliad SA	724		97,548
Ingenico Group SA	2,422		253,170
Ipsen SA	1,496		76,685
JCDecaux SA	2,889		51,361
Kering SA	2,784		1,451,615
Klepierre SA (B)	8,046		153,370
Legrand SA	9,814		625,957
L'Oreal SA	8,949		2,316,100
LVMH Moet Hennessy Louis Vuitton SE	9,933		3,642,945
Natixis SA	35,715		113,725
Orange SA	73,305		887,538
Pernod Ricard SA	7,802		1,107,388
Peugeot SA	21,593		281,126
Publicis Groupe SA	8,370		239,206
Remy Cointreau SA	922		100,488
Renault SA	7,048		133,945
Safran SA	12,026		1,065,470
Sanofi	40,286		3,487,759
Sartorius Stedim Biotech	1,192		237,869
Schneider Electric SE	19,045		1,609,740
Schneider Electric SE (Euronext London Exchange)	623		52,676
SCOR SE	6,432		141,512
SEB SA	927		114,815
Societe Generale SA	30,012		491,661
Sodexo SA	3,211		215,636
Suez	11,179		113,572
Teleperformance	2,217		459,178
Thales SA	4,046		335,073
TOTAL SA	85,718		3,229,755
Ubisoft Entertainment SA (A)(B)	3,042		222,343
Unibail-Rodamco-Westfield (B)	3,595		206,089
Unibail-Rodamco-Westfield, CHESS Depositary Interest	27,093		71,343
Valeo SA	9,342		152,048
Veolia Environnement SA	20,459		432,112
Vinci SA	18,767		1,533,440
Vivendi SA	31,379		663,459
Wendel SA	1,176		93,320
Worldline SA (A)(B)(D)	2,944		173,759
			43,088,205
Germany - 5.0%
adidas AG	6,334		1,406,322
Allianz SE	14,713		2,505,589
BASF SE	32,288		1,509,206
Bayer AG	34,135		1,955,885
Bayerische Motoren Werke AG	12,119		618,666

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Beiersdorf AG	3,796	$	382,223
Brenntag AG	5,855		212,725
Carl Zeiss Meditec AG, Bearer Shares	1,435		136,642
Commerzbank AG	37,723		134,288
Continental AG	4,355		310,504
Covestro AG (D)	7,081		214,896
Daimler AG	33,286		994,060
Delivery Hero SE (A)(D)	3,834		281,892
Deutsche Bank AG	73,967		470,215
Deutsche Boerse AG	6,955		955,507
Deutsche Lufthansa AG (B)	9,032		84,478
Deutsche Post AG	36,209		970,714
Deutsche Telekom AG	117,221		1,513,962
Deutsche Wohnen SE	12,352		468,125
E.ON SE	78,119		801,320
Evonik Industries AG	6,743		140,816
Fraport AG Frankfurt Airport Services Worldwide	1,636		65,857
Fresenius Medical Care AG & Company KGaA	7,798		509,023
Fresenius SE & Company KGaA	15,294		569,437
GEA Group AG	7,004		144,687
Hannover Rueck SE	2,322		327,880
HeidelbergCement AG	5,549		237,071
Henkel AG & Company KGaA	3,884		285,311
HOCHTIEF AG	894		58,700
Infineon Technologies AG	45,763		660,624
KION Group AG	2,424		104,324
Knorr-Bremse AG	2,071		182,074
LANXESS AG	3,216		128,010
Merck KGaA	4,441		448,373
METRO AG	6,304		53,692
MTU Aero Engines AG	2,072		299,605
Muenchener Rueckversicherungs-Gesellschaft AG	5,283		1,062,256
Puma SE	3,000		176,265
RWE AG	21,604		564,980
SAP SE	34,749		3,879,658
Siemens AG	26,971		2,258,421
Siemens Healthineers AG (D)	5,866		226,759
Symrise AG	4,417		408,612
Telefonica Deutschland Holding AG	32,281		79,253
thyssenkrupp AG (A)	16,095		84,775
TUI AG	18,061		79,054
Uniper SE	7,281		178,845
United Internet AG	4,503		130,938
Volkswagen AG	1,264		165,834
Vonovia SE	17,981		894,439
Wirecard AG (B)	4,386		494,172
Zalando SE (A)(D)	5,780		217,849
			31,044,813
Greece - 0.0%
Alpha Bank AE (A)	53,207		39,385
Eurobank Ergasias Services and Holdings SA (A)	92,602		38,745
FF Group (A)(C)	1,869		3,092
Hellenic Telecommunications Organization SA	8,503		102,789
JUMBO SA	5,651		75,860
OPAP SA	9,294		70,024
			329,895
Hong Kong - 3.6%
AIA Group, Ltd.	432,000		3,868,405
Alibaba Health Information Technology, Ltd. (A)	122,000		200,485

 

84

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Alibaba Pictures Group, Ltd. (A)	500,000	$	63,847
ASM Pacific Technology, Ltd.	10,700		99,214
Beijing Enterprises Holdings, Ltd.	19,786		72,209
Beijing Enterprises Water Group, Ltd. (A)	198,000		76,762
BOC Hong Kong Holdings, Ltd.	132,328		363,243
Bosideng International Holdings, Ltd.	168,000		39,022
Brilliance China Automotive Holdings, Ltd. (B)	108,000		87,946
Budweiser Brewing Company APAC, Ltd. (A)(D)	42,500		109,298
China Education Group Holdings, Ltd.	12,000		16,607
China Everbright International, Ltd.	117,851		67,012
China Everbright, Ltd.	32,216		47,223
China First Capital Group, Ltd. (A)	112,000		2,575
China Gas Holdings, Ltd.	74,000		255,887
China Jinmao Holdings Group, Ltd.	224,000		142,800
China Mengniu Dairy Company, Ltd. (A)	111,004		382,822
China Merchants Port Holdings Company, Ltd.	44,745		50,831
China Mobile, Ltd.	218,030		1,633,978
China Overseas Land & Investment, Ltd.	142,882		438,066
China Power International Development, Ltd.	88,000		16,284
China Resources Beer Holdings Company, Ltd.	59,979		271,887
China Resources Cement Holdings, Ltd.	88,000		103,385
China Resources Gas Group, Ltd.	36,000		180,657
China Resources Land, Ltd.	110,964		452,899
China Resources Power Holdings Company, Ltd.	68,244		74,846
China State Construction International Holdings, Ltd.	71,250		52,252
China Taiping Insurance Holdings Company, Ltd.	60,500		97,921
China Traditional Chinese Medicine Holdings Company, Ltd.	80,000		36,090
China Unicom Hong Kong, Ltd.	215,982		125,972
CITIC, Ltd.	207,967		215,535
CK Asset Holdings, Ltd.	92,165		500,059
CK Hutchison Holdings, Ltd.	96,663		644,274
CK Infrastructure Holdings, Ltd.	24,772		131,140
CLP Holdings, Ltd.	58,900		539,524
COSCO SHIPPING Ports, Ltd.	97,757		46,812
Dairy Farm International Holdings, Ltd.	12,000		55,194
Far East Horizon, Ltd.	89,000		71,236
Galaxy Entertainment Group, Ltd.	77,000		405,545
Geely Automobile Holdings, Ltd.	179,000		259,769
Guangdong Investment, Ltd.	123,220		236,465
Haier Electronics Group Company, Ltd.	45,000		118,794
Hang Lung Properties, Ltd.	74,326		149,881
Hang Seng Bank, Ltd.	27,319		465,441
Henderson Land Development Company, Ltd.	55,324		209,395
HK Electric Investments & HK Electric Investments, Ltd.	88,500		84,966
HKT Trust & HKT, Ltd.	145,233		197,524
Hong Kong & China Gas Company, Ltd.	363,122		594,587
Hong Kong Exchanges & Clearing, Ltd.	42,777		1,281,569
Hongkong Land Holdings, Ltd.	44,100		164,994
Hutchison China MediTech, Ltd., ADR (A)	1,900		33,915
Jardine Matheson Holdings, Ltd.	8,900		447,954
Jardine Strategic Holdings, Ltd.	8,100		181,024
Kerry Properties, Ltd.	21,438		56,060

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Kingboard Holdings, Ltd.	22,500	$	52,160
Kingboard Laminates Holdings, Ltd.	21,500		19,673
Kunlun Energy Company, Ltd.	118,000		68,193
Lee & Man Paper Manufacturing, Ltd.	56,000		33,589
Link REIT (B)	74,944		631,664
Melco Resorts & Entertainment, Ltd., ADR	9,485		117,614
MTR Corp., Ltd.	62,605		322,018
New World Development Company, Ltd.	230,475		245,750
Nine Dragons Paper Holdings, Ltd.	81,000		73,388
NWS Holdings, Ltd.	58,117		59,226
PCCW, Ltd.	181,876		99,735
Power Assets Holdings, Ltd.	56,082		332,692
Shanghai Industrial Holdings, Ltd.	33,930		50,822
Shanghai Industrial Urban Development Group, Ltd.	33,930		3,203
Shenzhen International Holdings, Ltd.	35,084		63,628
Shenzhen Investment, Ltd.	118,638		36,747
Shimao Property Holdings, Ltd.	51,000		176,747
Sino Biopharmaceutical, Ltd.	249,000		324,964
Sino Land Company, Ltd.	122,951		154,741
SJM Holdings, Ltd.	83,000		69,258
SSY Group, Ltd.	54,000		41,841
Sun Art Retail Group, Ltd.	86,000		126,517
Sun Hung Kai Properties, Ltd.	57,130		746,920
Swire Pacific, Ltd., Class A (B)	18,163		115,620
Swire Properties, Ltd.	43,628		121,886
Techtronic Industries Company, Ltd.	55,500		352,420
The Bank of East Asia, Ltd.	59,561		127,283
The Wharf Holdings, Ltd. (B)	46,876		82,386
Towngas China Company, Ltd. (A)	20,000		9,879
Vitasoy International Holdings, Ltd.	26,000		78,244
WH Group, Ltd. (D)	387,803		357,946
Wharf Real Estate Investment Company, Ltd.	46,876		191,204
Wheelock & Company, Ltd.	29,000		196,502
Yue Yuen Industrial Holdings, Ltd.	31,567		48,238
Yuexiu Property Company, Ltd.	244,000		43,598
			22,098,378
Hungary - 0.1%
MOL Hungarian Oil & Gas PLC	12,392		72,714
OTP Bank NYRT	7,225		207,244
Richter Gedeon NYRT	4,794		90,410
			370,368
India - 2.0%
Adani Ports & Special Economic Zone, Ltd.	28,084		93,016
Ambuja Cements, Ltd.	22,913		47,104
Ashok Leyland, Ltd.	52,290		29,568
Asian Paints, Ltd.	10,113		221,362
Aurobindo Pharma, Ltd.	9,153		49,493
Avenue Supermarts, Ltd. (A)(D)	4,471		131,225
Axis Bank, Ltd.	80,176		400,326
Bajaj Auto, Ltd.	2,923		77,455
Bajaj Finance, Ltd.	5,420		158,303
Bajaj Finserv, Ltd.	1,261		76,399
Bharat Forge, Ltd.	9,316		28,819
Bharat Petroleum Corp., Ltd.	27,177		111,978
Bharti Airtel, Ltd. (A)	73,383		427,297
Bharti Infratel, Ltd.	15,904		33,688
Bosch, Ltd.	253		31,482
Britannia Industries, Ltd.	2,012		71,113
Cipla, Ltd.	12,134		67,336
Coal India, Ltd.	24,417		44,788
Dabur India, Ltd.	17,709		104,693

 

85

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Divi's Laboratories, Ltd.	2,856	$	74,103
Dr. Reddy's Laboratories, Ltd., ADR	3,359		135,468
Eicher Motors, Ltd.	425		72,526
GAIL India, Ltd., GDR	9,954		61,067
Godrej Consumer Products, Ltd.	11,997		82,084
Grasim Industries, Ltd.	10,574		66,405
Havells India, Ltd.	11,177		70,297
HCL Technologies, Ltd.	37,954		217,226
Hero MotoCorp, Ltd.	4,200		87,669
Hindalco Industries, Ltd.	41,886		52,327
Hindustan Petroleum Corp., Ltd.	20,412		51,019
Hindustan Unilever, Ltd.	25,024		758,903
Housing Development Finance Corp., Ltd.	62,060		1,332,881
ICICI Bank, Ltd.	82,343		354,606
ICICI Bank, Ltd., ADR	47,107		400,410
ICICI Lombard General Insurance Company, Ltd. (D)	4,861		70,622
Indian Oil Corp., Ltd.	38,494		41,237
Infosys, Ltd., ADR	133,708		1,097,743
ITC, Ltd.	113,026		252,198
JSW Steel, Ltd.	33,031		63,192
Larsen & Toubro, Ltd.	16,660		177,980
LIC Housing Finance, Ltd.	9,991		31,059
Lupin, Ltd.	7,740		60,173
Mahindra & Mahindra Financial Services, Ltd.	12,958		25,059
Mahindra & Mahindra, Ltd., GDR	23,120		88,953
Marico, Ltd.	14,917		54,218
Maruti Suzuki India, Ltd.	3,626		204,525
Motherson Sumi Systems, Ltd.	37,306		29,812
Nestle India, Ltd.	776		167,498
NTPC, Ltd.	66,405		73,683
Oil & Natural Gas Corp., Ltd.	90,136		80,348
Page Industries, Ltd.	194		42,924
Petronet LNG, Ltd.	21,320		56,402
Pidilite Industries, Ltd.	4,359		78,049
Piramal Enterprises, Ltd.	3,012		37,554
Power Grid Corp. of India, Ltd.	55,842		117,083
REC, Ltd.	22,831		26,861
Reliance Capital, Ltd., GDR (A)(D)	4,327		257
Reliance Industries, Ltd.	16,339		235,318
Reliance Industries, Ltd., GDR (D)	45,832		1,403,719
Shree Cement, Ltd.	276		64,086
Shriram Transport Finance Company, Ltd.	4,949		42,629
State Bank of India, GDR (A)	5,224		132,354
Sun Pharmaceutical Industries, Ltd.	29,344		135,901
Tata Consultancy Services, Ltd.	34,423		824,896
Tata Motors, Ltd., ADR (A)(B)	8,581		40,502
Tata Steel, Ltd., GDR	11,000		40,364
Tech Mahindra, Ltd.	18,378		136,050
The Tata Power Company, Ltd.	38,886		16,778
Titan Company, Ltd.	10,263		126,582
UltraTech Cement, Ltd.	2,054		87,109
UltraTech Cement, Ltd., GDR	1,026		44,007
United Spirits, Ltd. (A)	10,125		64,885
UPL, Ltd.	15,099		65,715
Vedanta, Ltd., ADR	13,934		49,605
Wipro, Ltd., ADR	30,298		93,924
Zee Entertainment Enterprises, Ltd.	20,071		32,611
			12,536,901
Indonesia - 0.4%
Adaro Energy Tbk PT	315,000		18,822
Astra International Tbk PT	679,000		161,432

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Bank Central Asia Tbk PT	360,900	$	608,087
Bank Mandiri Persero Tbk PT	715,674		203,475
Bank Negara Indonesia Persero Tbk PT	276,500		64,487
Bank Rakyat Indonesia Persero Tbk PT	1,930,000		353,972
Bumi Serpong Damai Tbk PT (A)	429,500		17,482
Charoen Pokphand Indonesia Tbk PT	276,000		83,051
Gudang Garam Tbk PT	26,000		65,325
Hanjaya Mandala Sampoerna Tbk PT	362,500		31,422
Indah Kiat Pulp & Paper Corp. Tbk PT	97,300		23,759
Indocement Tunggal Prakarsa Tbk PT	53,500		40,745
Indofood CBP Sukses Makmur Tbk PT	114,400		71,355
Indofood Sukses Makmur Tbk PT	147,500		57,062
Jasa Marga Persero Tbk PT	123,300		19,108
Kalbe Farma Tbk PT	855,000		62,691
Pakuwon Jati Tbk PT	1,217,900		22,790
Perusahaan Gas Negara Tbk PT	480,500		22,639
Semen Indonesia Persero Tbk PT	111,000		51,563
Telekomunikasi Indonesia Persero Tbk PT	1,600,100		310,766
Telekomunikasi Indonesia Persero Tbk PT, ADR	358		6,892
Unilever Indonesia Tbk PT	332,500		147,035
United Tractors Tbk PT	55,279		56,926
			2,500,886
Ireland - 0.6%
AerCap Holdings NV (A)	5,178		118,007
AIB Group PLC (A)	28,431		31,525
Bank of Ireland Group PLC	28,441		52,862
CRH PLC	30,732		831,085
DCC PLC	3,819		238,500
Experian PLC	33,477		930,368
Flutter Entertainment PLC	2,701		242,963
Irish Bank Resolution Corp., Ltd. (A)(C)	38,483		0
James Hardie Industries PLC, CHESS Depositary Interest	15,679		182,045
Kerry Group PLC, Class A (London Stock Exchange)	5,738		660,805
Kingspan Group PLC	5,492		293,099
Smurfit Kappa Group PLC	8,017		226,449
			3,807,708
Isle of Man - 0.0%
GVC Holdings PLC	22,751		157,590
Israel - 0.4%
Azrieli Group, Ltd.	1,424		81,418
Bank Hapoalim BM	35,772		214,341
Bank Leumi Le-Israel BM	54,437		300,164
Check Point Software Technologies, Ltd. (A)	4,016		403,769
CyberArk Software, Ltd. (A)	1,300		111,228
Elbit Systems, Ltd.	787		101,986
Israel Chemicals, Ltd.	16,931		53,923
Israel Discount Bank, Ltd., Class A	41,515		121,052
Mizrahi Tefahot Bank, Ltd.	5,543		102,023
Nice, Ltd. (A)	1,954		282,540
Teva Pharmaceutical Industries, Ltd. (A)	33,126		294,360
Wix.com, Ltd. (A)	1,600		161,312
			2,228,116
Italy - 1.4%
Assicurazioni Generali SpA	42,969		582,007
Atlantia SpA	19,839		246,450
Davide Campari-Milano SpA (B)	20,278		145,421
Enel SpA	290,158		2,001,467
Eni SpA	98,316		977,013
Ferrari NV	4,799		739,214

 

86

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
FinecoBank Banca Fineco SpA	25,319	$	227,797
Intesa Sanpaolo SpA	575,443		931,102
Leonardo SpA	15,427		101,991
Mediobanca Banca di Credito Finanziario SpA	22,013		120,041
Moncler SpA	6,366		231,332
Pirelli & C. SpA (D)	14,232		50,213
Poste Italiane SpA (D)	21,903		184,354
Prysmian SpA	8,366		132,826
Recordati SpA	4,564		192,294
Snam SpA	82,226		375,798
Telecom Italia SpA (A)	387,741		156,948
Telecom Italia SpA	233,394		91,187
Terna Rete Elettrica Nazionale SpA	57,217		359,659
UniCredit SpA	78,343		606,108
			8,453,222
Japan - 17.3%
ABC-Mart, Inc.	1,400		70,068
Acom Company, Ltd.	18,200		73,909
Advantest Corp.	7,300		290,759
Aeon Company, Ltd.	24,200		536,128
AEON Financial Service Company, Ltd.	4,800		51,284
Aeon Mall Company, Ltd.	3,300		41,650
AGC, Inc.	6,500		158,389
Air Water, Inc.	5,000		68,474
Aisin Seiki Company, Ltd.	6,200		151,845
Ajinomoto Company, Inc.	16,300		303,742
Alfresa Holdings Corp.	6,700		124,697
Alps Alpine Company, Ltd.	7,400		71,304
Amada Holdings Company, Ltd.	12,000		94,055
ANA Holdings, Inc. (B)	4,100		99,892
Aozora Bank, Ltd.	3,900		74,428
Asahi Group Holdings, Ltd.	13,400		434,739
Asahi Intecc Company, Ltd.	7,000		173,124
Asahi Kasei Corp.	46,400		325,117
Astellas Pharma, Inc.	67,200		1,035,374
Bandai Namco Holdings, Inc.	7,499		363,726
Benesse Holdings, Inc.	2,400		61,076
Bridgestone Corp.	20,300		621,395
Brother Industries, Ltd.	8,700		131,774
Calbee, Inc.	2,900		78,262
Canon, Inc.	35,600		773,621
Casio Computer Company, Ltd.	6,700		93,741
Central Japan Railway Company	5,100		817,383
Chubu Electric Power Company, Inc.	22,000		310,490
Chugai Pharmaceutical Company, Ltd.	8,000		925,566
Coca-Cola Bottlers Japan Holdings, Inc. (B)	4,700		96,460
Concordia Financial Group, Ltd.	39,100		113,806
Credit Saison Company, Ltd.	5,000		58,009
CyberAgent, Inc.	3,600		139,521
Dai Nippon Printing Company, Ltd.	9,800		208,261
Daicel Corp.	10,034		72,998
Daifuku Company, Ltd. (B)	4,000		250,673
Dai-ichi Life Holdings, Inc.	39,900		473,818
Daiichi Sankyo Company, Ltd.	20,100		1,380,401
Daikin Industries, Ltd.	8,800		1,062,284
Daito Trust Construction Company, Ltd.	2,600		241,445
Daiwa House Industry Company, Ltd.	20,700		511,442
Daiwa House REIT Investment Corp.	78		191,172
Daiwa Securities Group, Inc.	54,400		210,218
Denso Corp.	16,000		511,272
Dentsu Group, Inc.	8,400		162,305
Disco Corp. (B)	1,000		194,553
East Japan Railway Company	10,800		817,240

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Eisai Company, Ltd.	9,200	$	672,956
Electric Power Development Company, Ltd.	5,200		104,217
FamilyMart Company, Ltd.	8,800		158,012
FANUC Corp.	6,900		922,018
Fast Retailing Company, Ltd. (B)	2,100		856,889
Fuji Electric Company, Ltd.	4,600		103,143
FUJIFILM Holdings Corp.	13,300		655,418
Fujitsu, Ltd.	7,000		630,481
Fukuoka Financial Group, Inc.	5,800		76,511
GMO Payment Gateway, Inc.	1,500		105,128
Hakuhodo DY Holdings, Inc.	9,300		93,837
Hamamatsu Photonics KK	5,400		219,427
Hankyu Hanshin Holdings, Inc.	8,400		282,200
Hikari Tsushin, Inc.	800		133,866
Hino Motors, Ltd.	10,000		53,332
Hirose Electric Company, Ltd.	1,223		126,083
Hisamitsu Pharmaceutical Company, Inc.	2,000		92,808
Hitachi Chemical Company, Ltd.	3,700		157,448
Hitachi Construction Machinery Company, Ltd.	4,100		82,230
Hitachi High-Tech Corp.	2,500		184,680
Hitachi Metals, Ltd.	9,000		94,470
Hitachi, Ltd.	34,600		993,934
Honda Motor Company, Ltd.	58,500		1,309,022
Hoshizaki Corp.	1,900		142,123
Hoya Corp.	13,500		1,147,926
Hulic Company, Ltd.	10,700		108,285
Idemitsu Kosan Company, Ltd.	7,206		164,467
IHI Corp.	5,700		66,380
Iida Group Holdings Company, Ltd. (B)	5,000		69,106
Inpex Corp.	36,700		205,889
Isetan Mitsukoshi Holdings, Ltd.	12,219		70,892
Isuzu Motors, Ltd.	21,600		142,946
ITOCHU Corp.	47,500		982,994
Itochu Techno-Solutions Corp.	3,400		96,833
J Front Retailing Company, Ltd.	9,000		74,280
Japan Airlines Company, Ltd.	4,000		73,510
Japan Airport Terminal Company, Ltd. (B)	1,500		57,648
Japan Exchange Group, Inc.	18,100		317,636
Japan Post Bank Company, Ltd. (B)	14,000		129,292
Japan Post Holdings Company, Ltd.	58,300		456,058
Japan Post Insurance Company, Ltd.	8,300		102,547
Japan Prime Realty Investment Corp.	28		84,596
Japan Real Estate Investment Corp.	47		276,279
Japan Retail Fund Investment Corp.	93		105,720
Japan Tobacco, Inc.	42,700		789,809
JFE Holdings, Inc. (B)	18,300		118,585
JGC Holdings Corp.	7,000		55,874
JSR Corp.	6,500		118,804
JTEKT Corp.	7,300		49,304
JXTG Holdings, Inc.	109,211		372,124
Kajima Corp.	16,500		168,655
Kakaku.com, Inc.	5,000		91,447
Kamigumi Company, Ltd.	4,500		75,958
Kansai Paint Company, Ltd.	7,000		132,776
Kao Corp.	17,200		1,401,254
Kawasaki Heavy Industries, Ltd. (B)	5,000		71,939
KDDI Corp.	63,500		1,875,701
Keihan Holdings Company, Ltd.	3,400		150,814
Keikyu Corp.	8,900		149,737
Keio Corp.	3,700		218,424
Keisei Electric Railway Company, Ltd.	4,800		138,711
Keyence Corp.	6,496		2,088,546

 

87

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Kikkoman Corp.	5,200	$	220,477
Kintetsu Group Holdings Company, Ltd.	6,200		286,950
Kirin Holdings Company, Ltd.	29,300		578,682
Kobayashi Pharmaceutical Company, Ltd.	1,800		166,538
Koito Manufacturing Company, Ltd.	4,000		134,477
Komatsu, Ltd.	34,200		553,473
Konami Holdings Corp.	3,700		113,489
Konica Minolta, Inc.	18,700		75,340
Kose Corp.	1,200		148,490
Kubota Corp.	36,900		469,333
Kuraray Company, Ltd.	13,300		133,817
Kurita Water Industries, Ltd.	3,500		80,298
Kyocera Corp.	11,400		672,723
Kyowa Kirin Company, Ltd.	9,473		211,717
Kyushu Electric Power Company, Inc.	16,000		128,324
Kyushu Railway Company	5,700		163,735
Lawson, Inc.	1,900		104,291
LINE Corp. (A)	2,600		125,529
Lion Corp.	8,000		170,610
LIXIL Group Corp.	10,300		126,908
M3, Inc.	16,300		480,803
Makita Corp. (B)	8,700		265,383
Marubeni Corp.	57,400		284,880
Marui Group Company, Ltd. (B)	7,600		127,138
Maruichi Steel Tube, Ltd. (B)	2,300		55,085
Mazda Motor Corp.	20,300		107,201
McDonald's Holdings Company Japan, Ltd.	2,600		117,265
Mebuki Financial Group, Inc.	29,510		59,856
Medipal Holdings Corp.	6,090		113,797
MEIJI Holdings Company, Ltd.	4,100		290,551
Mercari, Inc. (A)	3,800		73,800
MINEBEA MITSUMI, Inc.	13,900		205,309
MISUMI Group, Inc.	10,700		231,451
Mitsubishi Chemical Holdings Corp.	46,900		278,494
Mitsubishi Corp.	47,700		1,008,962
Mitsubishi Electric Corp.	65,000		794,054
Mitsubishi Estate Company, Ltd.	43,800		646,889
Mitsubishi Gas Chemical Company, Inc.	5,814		62,738
Mitsubishi Heavy Industries, Ltd.	11,700		294,862
Mitsubishi Materials Corp.	3,900		79,728
Mitsubishi Motors Corp. (B)	24,700		69,594
Mitsubishi UFJ Financial Group, Inc.	442,700		1,656,386
Mitsubishi UFJ Lease & Finance Company, Ltd.	17,600		86,148
Mitsui & Company, Ltd.	58,900		817,750
Mitsui Chemicals, Inc. (B)	6,800		127,991
Mitsui Fudosan Company, Ltd.	31,400		543,682
Mitsui OSK Lines, Ltd.	4,700		75,332
Mizuho Financial Group, Inc.	851,600		977,023
MonotaRO Company, Ltd.	4,500		118,896
MS&AD Insurance Group Holdings, Inc.	17,600		491,060
Murata Manufacturing Company, Ltd.	20,300		1,009,210
Nabtesco Corp.	3,900		89,212
Nagoya Railroad Company, Ltd.	6,700		188,375
NEC Corp.	8,800		320,436
Nexon Company, Ltd.	18,000		294,135
NGK Insulators, Ltd. (B)	9,000		117,133
NGK Spark Plug Company, Ltd.	6,300		88,309
NH Foods, Ltd.	3,119		108,543
Nidec Corp.	15,800		814,245
Nikon Corp. (B)	12,400		113,811
Nintendo Company, Ltd.	4,000		1,554,614
Nippon Building Fund, Inc.	48		322,894

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Express Company, Ltd.	2,900	$	141,459
Nippon Paint Holdings Company, Ltd.	5,200		270,672
Nippon Prologis REIT, Inc.	66		166,062
Nippon Shinyaku Company, Ltd.	1,700		133,121
Nippon Steel Corp.	30,600		260,844
Nippon Telegraph & Telephone Corp.	45,800		1,095,381
Nippon Yusen KK	5,500		64,964
Nissan Chemical Corp. (B)	4,600		166,600
Nissan Motor Company, Ltd.	85,000		284,385
Nisshin Seifun Group, Inc.	7,400		123,449
Nissin Foods Holdings Company, Ltd.	2,200		182,571
Nitori Holdings Company, Ltd.	2,900		391,909
Nitto Denko Corp.	5,400		239,863
Nomura Holdings, Inc.	123,700		522,027
Nomura Real Estate Holdings, Inc.	4,500		72,813
Nomura Real Estate Master Fund, Inc.	151		192,060
Nomura Research Institute, Ltd.	12,246		258,669
NSK, Ltd.	13,215		84,116
NTT Data Corp.	22,500		215,383
NTT DOCOMO, Inc.	47,700		1,491,727
Obayashi Corp.	25,900		219,775
Obic Company, Ltd.	2,200		286,637
Odakyu Electric Railway Company, Ltd.	10,900		239,378
Oji Holdings Corp.	30,000		159,485
Olympus Corp.	43,100		621,299
Omron Corp.	6,600		341,238
Ono Pharmaceutical Company, Ltd.	12,500		287,255
Oracle Corp. Japan	1,500		130,834
Oriental Land Company, Ltd.	7,100		906,365
ORIX Corp.	49,000		584,603
Orix JREIT, Inc.	97		127,580
Osaka Gas Company, Ltd.	13,800		259,131
Otsuka Corp.	3,800		161,996
Otsuka Holdings Company, Ltd.	14,500		565,767
Pan Pacific International Holdings Corp.	15,000		284,060
Panasonic Corp.	81,700		618,502
Park24 Company, Ltd.	4,100		60,441
PeptiDream, Inc. (A)	3,300		114,870
Persol Holdings Company, Ltd.	6,200		62,038
Pigeon Corp.	4,100		156,969
Pola Orbis Holdings, Inc.	3,200		58,830
Rakuten, Inc.	32,500		245,019
Recruit Holdings Company, Ltd.	48,700		1,257,983
Renesas Electronics Corp. (A)	29,900		106,356
Resona Holdings, Inc.	78,000		233,868
Ricoh Company, Ltd. (B)	24,000		175,231
Rinnai Corp.	1,200		84,589
Rohm Company, Ltd.	3,400		184,559
Ryohin Keikaku Company, Ltd.	9,000		100,085
Sankyo Company, Ltd.	1,900		55,101
Santen Pharmaceutical Company, Ltd.	14,000		240,265
SBI Holdings, Inc.	9,613		140,065
Secom Company, Ltd.	7,700		636,854
Sega Sammy Holdings, Inc.	6,900		83,713
Seibu Holdings, Inc.	7,100		78,265
Seiko Epson Corp. (B)	11,600		124,850
Sekisui Chemical Company, Ltd.	13,400		176,533
Sekisui House, Ltd.	22,800		376,018
Seven & i Holdings Company, Ltd.	26,800		885,067
Seven Bank, Ltd.	20,400		52,649
SG Holdings Company, Ltd.	5,100		121,474
Sharp Corp. (A)(B)	9,700		100,691
Shimadzu Corp. (B)	8,000		208,786
Shimamura Company, Ltd.	700		42,304
Shimano, Inc.	2,600		370,795

 

88

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Shimizu Corp.	21,600	$	168,088
Shin-Etsu Chemical Company, Ltd.	12,700		1,248,248
Shinsei Bank, Ltd.	6,900		91,389
Shionogi & Company, Ltd.	10,000		492,595
Shiseido Company, Ltd.	14,200		834,569
Showa Denko KK	4,800		98,477
SMC Corp.	2,000		838,487
Softbank Corp. (B)	59,600		759,226
SoftBank Group Corp.	56,500		2,000,235
Sohgo Security Services Company, Ltd.	2,900		140,764
Sompo Holdings, Inc.	12,300		379,134
Sony Corp.	45,400		2,689,205
Sony Financial Holdings, Inc.	5,600		94,034
Square Enix Holdings Company, Ltd.	3,400		151,897
Stanley Electric Company, Ltd.	5,300		104,032
Subaru Corp.	22,500		430,089
SUMCO Corp.	8,200		104,196
Sumitomo Chemical Company, Ltd. (B)	56,000		165,450
Sumitomo Corp.	44,000		501,787
Sumitomo Dainippon Pharma Company, Ltd.	5,300		68,801
Sumitomo Electric Industries, Ltd.	29,000		302,992
Sumitomo Heavy Industries, Ltd.	4,002		71,602
Sumitomo Metal Mining Company, Ltd.	8,500		173,778
Sumitomo Mitsui Financial Group, Inc.	46,800		1,136,931
Sumitomo Mitsui Trust Holdings, Inc.	11,000		316,032
Sumitomo Realty & Development Company, Ltd.	12,200		297,898
Sumitomo Rubber Industries, Ltd.	7,100		66,689
Sundrug Company, Ltd.	2,400		76,906
Suntory Beverage & Food, Ltd.	5,000		188,945
Suzuken Company, Ltd.	2,640		95,916
Suzuki Motor Corp.	13,500		321,451
Sysmex Corp.	6,100		441,487
T&D Holdings, Inc.	19,900		161,322
Taiheiyo Cement Corp.	4,200		71,540
Taisei Corp.	7,400		225,686
Taisho Pharmaceutical Holdings Company, Ltd.	1,200		73,655
Taiyo Nippon Sanso Corp.	4,600		68,067
Takeda Pharmaceutical Company, Ltd.	53,876		1,640,422
TDK Corp.	4,700		361,379
Teijin, Ltd.	6,400		108,256
Terumo Corp.	23,000		788,012
The Bank of Kyoto, Ltd.	1,900		60,215
The Chiba Bank, Ltd. (B)	21,600		94,028
The Chugoku Electric Power Company, Inc. (B)	10,000		139,522
The Kansai Electric Power Company, Inc.	27,200		302,761
The Shizuoka Bank, Ltd.	17,000		103,219
The Yokohama Rubber Company, Ltd.	5,000		61,985
THK Company, Ltd.	5,200		104,773
Tobu Railway Company, Ltd.	6,800		237,232
Toho Company, Ltd.	4,067		124,356
Toho Gas Company, Ltd.	2,800		126,226
Tohoku Electric Power Company, Inc.	16,600		159,574
Tokio Marine Holdings, Inc.	22,800		1,043,204
Tokyo Century Corp. (B)	1,500		46,936
Tokyo Electric Power Company Holdings, Inc. (A)	50,400		175,329
Tokyo Electron, Ltd.	5,500		1,025,054
Tokyo Gas Company, Ltd.	13,900		327,529
Tokyu Corp.	17,900		281,288
Tokyu Fudosan Holdings Corp.	19,400		93,180

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Toppan Printing Company, Ltd.	10,300	$	157,261
Toray Industries, Inc.	50,800		219,889
Toshiba Corp.	13,400		293,706
Tosoh Corp.	9,300		105,100
TOTO, Ltd.	5,400		178,136
Toyo Seikan Group Holdings, Ltd.	5,500		62,740
Toyo Suisan Kaisha, Ltd.	3,600		173,997
Toyoda Gosei Company, Ltd.	2,466		41,968
Toyota Industries Corp.	5,200		247,935
Toyota Motor Corp.	81,280		4,898,333
Toyota Tsusho Corp.	7,900		184,539
Trend Micro, Inc.	4,600		227,158
Tsuruha Holdings, Inc.	1,300		171,402
Unicharm Corp.	14,800		554,021
United Urban Investment Corp.	114		114,053
USS Company, Ltd.	7,770		106,546
Welcia Holdings Company, Ltd.	1,700		119,104
West Japan Railway Company	6,000		410,370
Yakult Honsha Company, Ltd.	4,243		249,955
Yamada Denki Company, Ltd. (A)(B)	22,400		89,220
Yamaha Corp.	5,300		205,404
Yamaha Motor Company, Ltd.	10,100		121,452
Yamato Holdings Company, Ltd.	11,000		171,832
Yamazaki Baking Company, Ltd.	4,000		83,371
Yaskawa Electric Corp.	9,000		244,716
Yokogawa Electric Corp.	9,386		112,283
Z Holdings Corp.	94,400		300,962
ZOZO, Inc.	2,800		37,580
			107,757,456
Luxembourg - 0.2%
ArcelorMittal SA	24,275		229,167
Aroundtown SA	37,519		187,800
Eurofins Scientific SE	430		209,840
Millicom International Cellular SA	2,582		71,737
Reinet Investments SCA	5,229		83,256
SES SA	14,498		85,052
Tenaris SA	16,418		99,047
			965,899
Macau - 0.1%
Sands China, Ltd.	89,600		325,973
Wynn Macau, Ltd.	61,415		92,105
			418,078
Malaysia - 0.5%
AirAsia Group BHD	21,700		3,959
AMMB Holdings BHD	59,087		40,979
Axiata Group BHD	101,690		77,150
British American Tobacco Malaysia BHD	4,300		10,208
CIMB Group Holdings BHD	188,437		156,807
Dialog Group BHD	166,000		116,629
DiGi.Com BHD	110,800		111,631
Gamuda BHD	73,538		48,132
Genting BHD	72,900		63,054
Genting Malaysia BHD	105,700		49,025
Genting Plantations BHD	15,000		32,923
HAP Seng Consolidated BHD	30,200		53,417
Hartalega Holdings BHD	60,200		95,643
Hong Leong Bank BHD	23,269		71,982
Hong Leong Financial Group BHD	6,104		19,170
IHH Healthcare BHD	108,100		128,402
IJM Corp. BHD	87,420		31,974
IOI Corp. BHD	114,466		105,527
Kuala Lumpur Kepong BHD	17,415		84,450
Malayan Banking BHD	122,385		211,151

 

89

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
Malaysia Airports Holdings BHD	34,427	$	34,394
Maxis BHD	67,200		83,402
MISC BHD	26,280		45,087
Nestle Malaysia BHD	2,800		88,560
Petronas Chemicals Group BHD	99,800		116,402
Petronas Dagangan BHD	12,200		60,199
Petronas Gas BHD	21,200		75,262
PPB Group BHD	21,240		80,533
Press Metal Aluminium Holdings BHD	60,400		46,203
Public Bank BHD	97,378		358,232
RHB Bank BHD	29,167		31,737
Sime Darby BHD	108,224		42,609
Sime Darby Plantation BHD	108,224		123,746
Telekom Malaysia BHD	42,705		37,187
Tenaga Nasional BHD	101,250		281,792
YTL Corp. BHD	156,867		26,194
			3,043,752
Mexico - 0.5%
Alfa SAB de CV, Class A	108,680		29,045
Alsea SAB de CV (A)(B)	18,000		11,420
America Movil SAB de CV, Series L	1,171,132		696,089
Arca Continental SAB de CV	16,000		64,580
Cemex SAB de CV	521,849		109,330
Coca-Cola Femsa SAB de CV	15,212		60,906
El Puerto de Liverpool SAB de CV, Series C1 (B)	7,600		16,374
Fibra Uno Administracion SA de CV	90,200		70,799
Fomento Economico Mexicano SAB de CV	66,720		405,650
Gruma SAB de CV, Class B	7,685		59,112
Grupo Aeroportuario del Pacifico SAB de CV, B Shares	9,700		52,445
Grupo Aeroportuario del Sureste SAB de CV, B Shares	5,780		54,483
Grupo Bimbo SAB de CV, Series A	58,984		86,502
Grupo Carso SAB de CV, Series A1	9,477		18,612
Grupo Financiero Banorte SAB de CV, Series O	92,962		254,717
Grupo Financiero Inbursa SAB de CV, Series O	86,738		62,158
Grupo Mexico SAB de CV, Series B	115,366		213,930
Grupo Televisa SAB (B)	87,126		101,404
Industrias Penoles SAB de CV	4,883		32,815
Infraestructura Energetica Nova SAB de CV	18,000		55,246
Kimberly-Clark de Mexico SAB de CV, Class A	43,778		66,546
Orbia Advance Corp. SAB de CV (B)	37,631		41,498
Promotora y Operadora de Infraestructura SAB de CV (A)	5,800		38,916
Wal-Mart de Mexico SAB de CV	186,488		439,364
			3,041,941
Netherlands - 3.0%
ABN AMRO Bank NV (D)	15,368		124,708
Adyen NV (A)(D)	371		316,954
Aegon NV (B)	73,280		183,010
Akzo Nobel NV	5,217		343,116
Altice Europe NV (A)	24,935		96,236
ASML Holding NV	14,772		3,894,121
EXOR NV	3,992		205,745
Heineken Holding NV	4,217		328,625
Heineken NV	10,110		857,975
ING Groep NV	127,050		651,017
Just Eat Takeaway (A)(D)	4,000		302,492
Koninklijke Ahold Delhaize NV	31,998		745,444

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Netherlands (continued)
Koninklijke DSM NV	7,092	$	797,772
Koninklijke KPN NV	143,262		342,599
Koninklijke Philips NV	28,738		1,179,908
Koninklijke Vopak NV	2,830		148,604
NN Group NV	12,137		329,832
NXP Semiconductors NV	9,969		826,729
Prosus NV (A)	15,743		1,102,339
QIAGEN NV (A)	8,350		337,135
Randstad NV	4,395		155,108
Royal Dutch Shell PLC, A Shares	149,196		2,592,078
Royal Dutch Shell PLC, B Shares	133,175		2,233,881
Wolters Kluwer NV	8,243		584,520
			18,679,948
New Zealand - 0.2%
a2 Milk Company, Ltd. (A)	26,028		265,893
Auckland International Airport, Ltd.	36,599		109,055
Fisher & Paykel Healthcare Corp., Ltd.	19,921		362,134
Fletcher Building, Ltd. (B)	29,269		60,917
Meridian Energy, Ltd.	43,320		103,388
Ryman Healthcare, Ltd.	12,940		78,493
Spark New Zealand, Ltd.	63,312		154,087
			1,133,967
Norway - 0.4%
Adevinta ASA (A)	3,512		31,794
Aker BP ASA	3,844		48,218
DNB ASA	35,015		390,100
Equinor ASA	35,722		445,315
Gjensidige Forsikring ASA	6,934		118,081
Mowi ASA	14,928		225,703
Norsk Hydro ASA	48,185		103,895
Orkla ASA	29,206		250,229
Schibsted ASA, B Shares	3,512		63,532
Telenor ASA	26,898		393,134
Yara International ASA	6,981		220,733
			2,290,734
Peru - 0.1%
Cia de Minas Buenaventura SAA, ADR	8,064		58,787
Credicorp, Ltd.	2,434		348,232
Southern Copper Corp.	2,874		80,932
			487,951
Philippines - 0.2%
Aboitiz Equity Ventures, Inc.	85,070		62,776
Aboitiz Power Corp.	72,200		37,020
Ayala Corp.	8,920		81,559
Ayala Land, Inc.	253,800		149,769
Bank of the Philippine Islands	34,118		41,506
BDO Unibank, Inc.	77,140		155,937
Globe Telecom, Inc.	970		36,761
GT Capital Holdings, Inc.	3,464		27,640
JG Summit Holdings, Inc.	85,100		87,324
Jollibee Foods Corp.	18,900		39,341
Manila Electric Company	8,090		35,564
Megaworld Corp.	564,000		27,638
Metro Pacific Investments Corp.	509,100		24,183
Metropolitan Bank & Trust Company	65,642		51,474
PLDT, Inc.	3,730		82,505
Security Bank Corp.	15,170		31,843
SM Investments Corp.	8,302		132,808
SM Prime Holdings, Inc.	311,044		172,736
Universal Robina Corp.	30,280		61,938
			1,340,322
Poland - 0.2%
Bank Millennium SA (A)	21,269		16,408

 

90

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Poland (continued)
Bank Polska Kasa Opieki SA	5,522	$	74,010
CCC SA	1,215		8,721
CD Projekt SA	2,349		161,779
Cyfrowy Polsat SA	6,360		36,439
Dino Polska SA (A)(D)	1,719		66,868
Grupa Lotos SA	3,293		41,098
KGHM Polska Miedz SA (A)	5,681		81,196
LPP SA	42		52,825
mBank SA (A)	525		28,059
Orange Polska SA (A)	26,179		37,366
PGE Polska Grupa Energetyczna SA (A)	26,654		24,433
Polski Koncern Naftowy ORLEN SA	11,432		152,981
Polskie Gornictwo Naftowe i Gazownictwo SA	62,946		51,987
Powszechna Kasa Oszczednosci Bank Polski SA	32,873		178,434
Powszechny Zaklad Ubezpieczen SA	23,000		172,776
Santander Bank Polska SA	1,219		50,839
			1,236,219
Portugal - 0.1%
EDP - Energias de Portugal SA	84,624		340,475
Galp Energia SGPS SA	18,673		213,548
Jeronimo Martins SGPS SA	7,332		132,336
			686,359
Romania - 0.0%
NEPI Rockcastle PLC	13,882		57,884
Russia - 0.9%
Evraz PLC	18,017		51,549
Gazprom PJSC, ADR	251,662		1,147,579
Gazprom PJSC, ADR (London Stock Exchange)	3,680		16,688
LUKOIL PJSC, ADR	23,756		1,405,405
MMC Norilsk Nickel PJSC, ADR	39,185		950,628
Mobile TeleSystems PJSC, ADR	20,264		154,006
Novatek PJSC, GDR	3,057		346,643
Rosneft Oil Company PJSC, GDR	9,131		36,754
Rosneft Oil Company PJSC, GDR	30,000		120,755
Sberbank of Russia PJSC, ADR	40,000		376,000
Sberbank of Russia PJSC, ADR (London Stock Exchange)	34,900		330,936
Severstal PJSC, GDR	4,250		46,564
Surgutneftegas PJSC, ADR	22,274		104,242
Surgutneftegas PJSC, ADR (London Stock Exchange)	23,070		95,584
Tatneft PJSC, ADR	7,986		302,669
VTB Bank PJSC, GDR	50,760		40,827
			5,526,829
Singapore - 0.8%
Ascendas Real Estate Investment Trust	113,599		224,928
BOC Aviation, Ltd. (D)	7,400		46,751
CapitaLand Commercial Trust	82,786		88,834
CapitaLand Mall Trust	90,402		113,352
CapitaLand, Ltd.	89,999		180,352
City Developments, Ltd.	16,600		84,173
ComfortDelGro Corp., Ltd.	90,200		96,048
DBS Group Holdings, Ltd.	64,118		836,621
Genting Singapore, Ltd.	226,200		109,653
Jardine Cycle & Carriage, Ltd.	4,152		57,087
Keppel Corp., Ltd.	55,069		204,819
Mapletree Commercial Trust	74,500		95,552
Oversea-Chinese Banking Corp., Ltd.	122,325		741,159
SATS, Ltd.	29,800		66,242
Sembcorp Industries, Ltd.	38,019		41,736
Singapore Airlines, Ltd.	23,140		93,928

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Exchange, Ltd.	28,000	$	180,333
Singapore Press Holdings, Ltd.	59,500		76,934
Singapore Technologies Engineering, Ltd.	54,000		118,143
Singapore Telecommunications, Ltd.	294,940		525,797
Suntec Real Estate Investment Trust	103,300		90,339
United Overseas Bank, Ltd. (B)	48,308		662,788
UOL Group, Ltd.	20,239		92,855
Venture Corp., Ltd.	9,700		92,403
Wilmar International, Ltd.	72,000		162,821
			5,083,648
South Africa - 1.0%
Absa Group, Ltd.	25,092		104,389
Anglo American Platinum, Ltd.	1,548		64,664
AngloGold Ashanti, Ltd.	14,430		244,473
Aspen Pharmacare Holdings, Ltd. (A)	14,246		74,515
Bid Corp., Ltd.	11,078		130,576
Capitec Bank Holdings, Ltd.	1,337		65,767
Clicks Group, Ltd.	9,143		131,783
Discovery, Ltd.	16,606		72,409
Exxaro Resources, Ltd.	8,997		49,318
FirstRand, Ltd. (B)	118,126		265,090
Fortress REIT, Ltd., Class A	32,243		18,221
Gold Fields, Ltd.	29,492		143,935
Growthpoint Properties, Ltd.	106,448		76,195
Impala Platinum Holdings, Ltd.	29,527		123,028
Investec, Ltd.	7,953		15,063
Kumba Iron Ore, Ltd.	2,928		45,656
Liberty Holdings, Ltd.	4,754		17,515
Life Healthcare Group Holdings, Ltd.	60,966		62,972
Momentum Metropolitan Holdings	19,936		17,402
Mr. Price Group, Ltd.	8,969		56,915
MTN Group, Ltd.	59,164		158,640
MultiChoice Group, Ltd. (A)	15,717		74,690
Naspers, Ltd., N Shares	16,603		2,359,526
Nedbank Group, Ltd.	13,031		60,554
Old Mutual, Ltd. (B)	182,601		118,614
Pick n Pay Stores, Ltd.	13,126		44,505
PSG Group, Ltd.	4,220		30,392
Rand Merchant Investment Holdings, Ltd.	32,688		40,594
Redefine Properties, Ltd.	221,491		29,302
Remgro, Ltd.	20,519		140,287
Resilient REIT, Ltd.	475		845
RMB Holdings, Ltd.	31,391		85,834
Sanlam, Ltd.	63,976		182,180
Sasol, Ltd.	19,396		40,178
Shoprite Holdings, Ltd.	16,492		115,731
Sibanye Stillwater, Ltd. (A)	83,867		105,833
Standard Bank Group, Ltd.	46,838		268,060
Telkom SA SOC, Ltd.	13,339		15,183
The Bidvest Group, Ltd.	11,166		91,032
The Foschini Group, Ltd.	7,014		26,193
The SPAR Group, Ltd.	5,706		57,759
Tiger Brands, Ltd.	6,286		65,112
Vodacom Group, Ltd.	19,298		126,105
Woolworths Holdings, Ltd.	33,746		52,013
			6,069,048
South Korea - 3.0%
Amorepacific Corp.	1,183		162,233
AMOREPACIFIC Group	770		34,758
BGF Company, Ltd.	3,285		9,874
BGF retail Company, Ltd.	279		30,221
BNK Financial Group, Inc.	8,021		29,108
Celltrion Healthcare Company, Ltd. (A)	1,513		110,382

 

91

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Celltrion, Inc. (A)	3,296	$	613,051
Cheil Worldwide, Inc.	1,346		17,442
CJ CheilJedang Corp.	326		57,581
CJ Corp.	456		24,012
CJ ENM Company, Ltd.	398		33,652
CJ Logistics Corp. (A)	392		43,476
Coway Company, Ltd.	1,930		91,296
Daelim Industrial Company, Ltd.	877		52,586
Daewoo Engineering & Construction Company, Ltd. (A)	2,130		5,072
DB Insurance Company, Ltd.	1,810		51,287
Doosan Bobcat, Inc.	1,853		27,168
E-MART, Inc.	817		70,875
Fila Holdings Corp.	1,753		41,434
GS Engineering & Construction Corp.	1,468		24,391
GS Holdings Corp.	2,038		61,439
GS Retail Company, Ltd.	966		24,493
Hana Financial Group, Inc.	10,757		202,378
Hankook Tire & Technology Company, Ltd.	3,008		47,501
Hanmi Pharm Company, Ltd.	227		48,352
Hanon Systems	4,656		33,811
Hanwha Corp.	2,040		25,288
Hanwha Life Insurance Company, Ltd.	8,120		9,160
Hanwha Solutions Corp.	4,418		48,049
HDC Hyundai Development Co-Engineering & Construction, Series E	2,064		26,242
Helixmith Company, Ltd. (A)	650		36,235
HLB, Inc. (A)	1,118		81,321
Hotel Shilla Company, Ltd.	1,190		68,099
Hyundai Department Store Company, Ltd.	494		23,754
Hyundai Engineering & Construction Company, Ltd.	2,649		59,076
Hyundai Glovis Company, Ltd.	539		39,887
Hyundai Heavy Industries Holdings Company, Ltd.	311		50,086
Hyundai Marine & Fire Insurance Company, Ltd.	2,650		49,000
Hyundai Mobis Company, Ltd.	2,332		322,581
Hyundai Motor Company	5,358		385,998
Hyundai Steel Company	2,875		42,034
Industrial Bank of Korea	9,029		55,168
Kakao Corp.	1,792		226,658
Kangwon Land, Inc.	4,000		64,459
KB Financial Group, Inc.	13,089		368,115
KB Financial Group, Inc., ADR	743		20,202
KCC Corp.	165		17,367
Kia Motors Corp.	8,934		188,051
Korea Aerospace Industries, Ltd.	1,710		29,031
Korea Electric Power Corp. (A)	6,370		99,468
Korea Electric Power Corp., ADR	4,277		32,291
Korea Gas Corp.	1,166		20,418
Korea Investment Holdings Company, Ltd.	1,170		47,171
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	1,465		93,096
Korea Zinc Company, Ltd.	339		98,655
Korean Air Lines Company, Ltd. (A)	1,349		20,415
KT&G Corp.	4,323		264,686
Kumho Petrochemical Company, Ltd.	614		32,414
LG Chem, Ltd.	1,568		388,365
LG Corp.	3,377		163,582
LG Display Company, Ltd. (A)	7,650		68,738

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
LG Display Company, Ltd., ADR (B)	2,417	$	10,731
LG Electronics, Inc.	3,460		136,040
LG Household & Health Care, Ltd.	322		294,948
LG Innotek Company, Ltd.	505		46,473
LG Uplus Corp.	3,050		26,795
Lotte Chemical Corp.	562		88,227
Lotte Corp.	819		16,043
Lotte Shopping Company, Ltd.	366		22,381
Medy-Tox, Inc.	148		23,596
Meritz Securities Company, Ltd.	10,983		25,346
Mirae Asset Daewoo Company, Ltd.	13,812		59,102
NAVER Corp.	4,958		689,333
NCSoft Corp.	565		301,543
Netmarble Corp. (A)(D)	916		69,781
NH Investment & Securities Company, Ltd.	3,944		28,863
OCI Company, Ltd. (A)	650		18,392
Orion Corp.	940		88,811
Ottogi Corp.	43		16,758
Pan Ocean Company, Ltd. (A)	11,652		28,041
Pearl Abyss Corp. (A)	204		29,759
POSCO	2,811		369,893
POSCO Chemical Company, Ltd.	847		30,036
Posco International Corp.	1,626		15,058
S-1 Corp.	608		40,124
Samsung Biologics Company, Ltd. (A)(D)	550		215,573
Samsung C&T Corp.	2,732		199,345
Samsung Card Company, Ltd.	1,490		36,717
Samsung Electro-Mechanics Company, Ltd.	1,863		147,622
Samsung Electronics Company, Ltd.	169,936		6,607,370
Samsung Engineering Company, Ltd. (A)	5,618		46,290
Samsung Fire & Marine Insurance Company, Ltd.	1,090		137,855
Samsung Heavy Industries Company, Ltd. (A)	15,521		49,270
Samsung Life Insurance Company, Ltd.	2,349		82,210
Samsung SDI Company, Ltd.	1,971		383,735
Samsung SDS Company, Ltd.	1,239		151,448
Samsung Securities Company, Ltd.	2,224		53,282
Shinhan Financial Group Company, Ltd.	15,589		364,692
Shinhan Financial Group Company, Ltd., ADR	350		8,159
Shinsegae, Inc.	197		34,933
SK Holdings Company, Ltd.	1,160		158,671
SK Hynix, Inc.	19,581		1,323,755
SK Innovation Company, Ltd.	1,818		128,634
SK Telecom Company, Ltd.	677		98,467
S-Oil Corp.	1,778		82,598
Woori Financial Group, Inc.	16,990		105,704
Yuhan Corp.	334		62,496
			18,467,933
Spain - 1.8%
ACS Actividades de Construccion y Servicios SA	9,829		195,198
Aena SME SA (D)	2,697		292,610
Amadeus IT Group SA	16,991		799,748
Banco Bilbao Vizcaya Argentaria SA	257,982		798,856
Banco de Sabadell SA	199,098		100,687
Banco Santander SA	622,154		1,479,995
Banco Santander SA (Mexican Stock Exchange) (B)	21,905		52,060
Bankia SA	48,666		53,069
Bankinter SA	26,033		94,438

 

92

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
CaixaBank SA	144,982	$	268,305
Cellnex Telecom SA (A)(D)	8,933		405,223
Enagas SA	7,812		154,109
Endesa SA	12,378		261,924
Ferrovial SA	19,505		462,985
Grifols SA	10,824		362,143
Iberdrola SA	219,613		2,148,039
Industria de Diseno Textil SA	42,230		1,094,334
Mapfre SA	37,878		64,256
Naturgy Energy Group SA	12,174		213,579
Red Electrica Corp. SA	15,612		280,540
Repsol SA	58,405		521,046
Siemens Gamesa Renewable Energy SA	9,848		145,319
Telefonica SA	180,779		822,742
			11,071,205
Sweden - 1.8%
Alfa Laval AB	13,051		223,446
Assa Abloy AB, B Shares	39,145		730,787
Atlas Copco AB, A Shares	26,242		872,658
Atlas Copco AB, B Shares	15,646		455,132
Boliden AB	10,826		194,217
Electrolux AB, Series B (B)	9,396		116,075
Epiroc AB, A Shares	24,463		241,731
Epiroc AB, B Shares	13,732		135,352
Essity AB, B Shares	23,754		727,670
Hennes & Mauritz AB, B Shares (B)	31,698		405,633
Hexagon AB, B Shares	10,382		439,005
Husqvarna AB, B Shares (B)	18,793		93,490
ICA Gruppen AB	3,982		166,310
Industrivarden AB, C Shares	6,375		122,065
Investor AB, B Shares	17,793		802,708
Kinnevik AB, B Shares (B)	8,775		143,115
L E Lundbergforetagen AB, B Shares	2,546		103,209
Lundin Petroleum AB	7,867		148,502
Sandvik AB	44,332		623,604
Securitas AB, B Shares	10,739		115,363
Skandinaviska Enskilda Banken AB, A Shares	64,456		431,666
Skanska AB, B Shares	13,244		199,311
SKF AB, B Shares	14,059		191,584
Svenska Handelsbanken AB, A Shares (A)	60,604		499,808
Swedbank AB, A Shares	33,187		366,027
Swedish Match AB	6,740		381,617
Tele2 AB, B Shares	20,712		275,947
Telefonaktiebolaget LM Ericsson, B Shares	119,548		967,737
Telia Company AB	105,161		376,411
Volvo AB, B Shares	58,103		690,608
			11,240,788
Switzerland - 7.3%
ABB, Ltd.	67,243		1,168,753
Adecco Group AG	6,058		238,725
Alcon, Inc. (A)	16,200		829,938
Baloise Holding AG	1,882		245,360
Barry Callebaut AG	92		184,143
Chocoladefabriken Lindt & Spruengli AG	4		347,177
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	42		352,526
Cie Financiere Richemont SA (B)	19,046		1,018,082
Clariant AG (A)(B)	8,258		137,448
Coca-Cola HBC AG	8,067		173,007
Credit Suisse Group AG (A)	93,261		752,743
Dufry AG (A)	1,915		58,772

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
EMS-Chemie Holding AG	321	$	200,199
Geberit AG	1,376		602,935
Givaudan SA	337		1,036,941
Glencore PLC (A)	375,592		568,476
Julius Baer Group, Ltd. (A)(B)	8,601		288,112
Kuehne + Nagel International AG	2,065		281,296
LafargeHolcim, Ltd. (A)	12,164		443,907
LafargeHolcim, Ltd. (London Stock Exchange) (A)	6,750		243,171
Lonza Group AG (A)	2,717		1,117,567
Nestle SA	106,169		10,868,287
Novartis AG	78,384		6,466,589
Pargesa Holding SA, Bearer Shares	1,634		107,882
Partners Group Holding AG	742		508,022
Roche Holding AG	25,064		8,064,142
Schindler Holding AG	806		168,754
Schindler Holding AG, Participation Certificates	1,582		346,106
SGS SA	203		468,214
Sika AG	4,988		819,094
Sonova Holding AG	2,130		379,810
STMicroelectronics NV	26,000		558,912
Straumann Holding AG	401		293,173
Swiss Life Holding AG	1,226		411,502
Swiss Prime Site AG	3,037		295,593
Swiss Re AG	10,751		827,815
Swisscom AG (B)	989		529,591
Temenos AG (A)(B)	2,330		303,715
The Swatch Group AG	2,395		92,722
The Swatch Group AG, Bearer Shares	1,191		233,911
UBS Group AG (A)	140,805		1,290,635
Vifor Pharma AG	1,821		249,127
Zurich Insurance Group AG	5,459		1,917,783
			45,490,657
Taiwan - 3.1%
Acer, Inc.	58,018		29,904
Advantech Company, Ltd.	12,089		99,609
Airtac International Group	4,000		58,981
ASE Technology Holding Company, Ltd.	111,338		215,664
Asia Cement Corp.	36,863		47,861
Asustek Computer, Inc.	24,952		168,948
AU Optronics Corp.	163,827		34,142
Catcher Technology Company, Ltd.	22,184		141,908
Cathay Financial Holding Company, Ltd.	268,839		312,887
Chailease Holding Company, Ltd.	35,720		107,586
Chang Hwa Commercial Bank, Ltd.	109,345		69,032
Cheng Shin Rubber Industry Company, Ltd.	43,680		44,347
China Airlines, Ltd.	26,874		5,854
China Development Financial Holding Corp.	479,153		117,400
China Life Insurance Company, Ltd.	105,003		58,077
China Steel Corp.	363,388		227,629
Chunghwa Telecom Company, Ltd.	135,148		479,138
Compal Electronics, Inc.	79,764		45,529
CTBC Financial Holding Company, Ltd.	631,465		371,832
Delta Electronics, Inc.	70,866		280,475
E.Sun Financial Holding Company, Ltd.	298,339		238,151
Eclat Textile Company, Ltd.	6,259		49,549
Eva Airways Corp.	33,428		9,754
Evergreen Marine Corp. Taiwan, Ltd. (A)	11,566		3,520
Far Eastern New Century Corp.	64,875		48,243
Far EasTone Telecommunications Company, Ltd.	45,159		94,302
Feng TAY Enterprise Company, Ltd.	12,100		51,824

 

93

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
First Financial Holding Company, Ltd.	367,527	$	237,496
Formosa Chemicals & Fibre Corp.	126,212		277,933
Formosa Petrochemical Corp.	43,720		116,726
Formosa Plastics Corp.	159,086		393,518
Formosa Taffeta Company, Ltd.	5,000		5,058
Foxconn Technology Company, Ltd.	15,513		25,264
Fubon Financial Holding Company, Ltd.	211,112		260,940
Giant Manufacturing Company, Ltd.	11,000		48,597
Globalwafers Company, Ltd.	9,000		100,533
Highwealth Construction Corp.	27,000		35,992
Hiwin Technologies Corp.	8,769		57,676
Hon Hai Precision Industry Company, Ltd.	444,368		1,023,054
Hotai Motor Company, Ltd.	9,000		145,328
Hua Nan Financial Holdings Company, Ltd.	286,088		170,195
Innolux Corp.	297,841		51,334
Inventec Corp.	25,899		19,859
Largan Precision Company, Ltd.	3,143		396,864
Lite-On Technology Corp.	39,626		53,907
MediaTek, Inc.	53,340		572,510
Mega Financial Holding Company, Ltd.	387,134		363,519
Micro-Star International Company, Ltd.	23,000		67,224
Nan Ya Plastics Corp.	185,992		334,631
Nanya Technology Corp.	37,000		65,119
Novatek Microelectronics Corp.	20,361		114,799
Pegatron Corp.	71,989		137,374
Pou Chen Corp.	36,641		30,970
Powertech Technology, Inc.	13,149		37,238
President Chain Store Corp.	21,496		200,961
Quanta Computer, Inc.	92,771		183,700
Realtek Semiconductor Corp.	16,999		122,034
Shin Kong Financial Holding Company, Ltd.	380,358		95,397
SinoPac Financial Holdings Company, Ltd.	385,762		140,574
Synnex Technology International Corp.	24,928		30,467
Taishin Financial Holding Company, Ltd.	319,343		122,936
Taiwan Business Bank	249,000		79,246
Taiwan Cement Corp.	159,830		207,574
Taiwan Cooperative Financial Holding Company, Ltd.	281,866		170,218
Taiwan High Speed Rail Corp.	71,000		67,034
Taiwan Mobile Company, Ltd.	62,257		205,560
Taiwan Semiconductor Manufacturing Company, Ltd.	876,227		7,888,073
Tatung Company, Ltd. (A)	67,000		43,231
The Shanghai Commercial & Savings Bank, Ltd.	118,937		153,972
Uni-President Enterprises Corp.	171,487		371,169
United Microelectronics Corp.	396,313		177,691
Vanguard International Semiconductor Corp.	43,000		83,351
Walsin Technology Corp.	11,000		58,115
Win Semiconductors Corp.	12,000		102,987
Winbond Electronics Corp.	102,000		37,888
Wistron Corp.	42,598		34,438
WPG Holdings, Ltd.	47,840		56,000
Ya Hsin Industrial Company, Ltd. (A)(C)	36,000		0
Yageo Corp.	9,584		86,068
Yuanta Financial Holding Company, Ltd.	339,267		173,214
Zhen Ding Technology Holding, Ltd.	19,000		58,066
			19,505,768
Thailand - 0.6%
Advanced Info Service PCL	48,400		293,455

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
Airports of Thailand PCL	163,100	$	251,037
Bangkok Bank PCL	11,700		36,237
Bangkok Bank PCL, NVDR	2,700		8,243
Bangkok Dusit Medical Services PCL, NVDR	387,300		221,767
Bangkok Expressway & Metro PCL, NVDR	354,600		83,450
Banpu PCL	110,000		17,497
Banpu PCL, NVDR	23,700		3,770
Berli Jucker PCL, NVDR	21,300		25,986
BTS Group Holdings PCL, NVDR	301,600		83,196
Bumrungrad Hospital PCL, NVDR	15,600		54,005
Central Pattana PCL, NVDR	64,400		82,686
Central Retail Corp. PCL (A)	45,441		38,770
Charoen Pokphand Foods PCL	136,200		100,310
CP ALL PCL	184,600		341,250
CP ALL PCL, NVDR	47,300		87,438
Electricity Generating PCL	7,600		53,243
Electricity Generating PCL, NVDR	1,400		9,808
Energy Absolute PCL	56,900		58,365
Gulf Energy Development PCL, NVDR	24,700		112,498
Home Product Center PCL	204,400		68,430
Indorama Ventures PCL, NVDR	54,900		35,536
Intouch Holdings PCL, NVDR	96,400		145,981
IRPC PCL	528,400		33,995
Kasikornbank PCL	45,000		122,949
Kasikornbank PCL, NVDR	27,100		75,372
Krung Thai Bank PCL	164,375		56,679
Land & Houses PCL, NVDR	393,400		79,396
Minor International PCL, NVDR	127,100		65,090
Muangthai Capital PCL, NVDR	11,300		11,976
PTT Exploration & Production PCL	60,147		122,416
PTT Global Chemical PCL	87,373		80,431
PTT PCL	391,000		361,480
PTT PCL, NVDR	10,500		9,707
Ratch Group PCL, NVDR	12,800		22,171
Thai Oil PCL	46,900		43,366
Thai Union Group PCL	95,900		39,817
The Siam Cement PCL	12,000		117,742
The Siam Cement PCL, NVDR	19,700		193,292
The Siam Commercial Bank PCL	23,348		49,108
TMB Bank PCL	1,250,753		33,487
Total Access Communication PCL, NVDR	12,500		15,455
True Corp. PCL	448,802		42,800
			3,789,687
Turkey - 0.1%
Akbank T.A.S. (A)	100,286		84,209
Anadolu Efes Biracilik Ve Malt Sanayii AS	8,117		21,032
Arcelik AS (A)	6,139		12,505
Aselsan Elektronik Sanayi Ve Ticaret AS	7,013		24,857
BIM Birlesik Magazalar AS	16,428		124,740
Eregli Demir ve Celik Fabrikalari TAS	49,091		55,625
Ford Otomotiv Sanayi AS	4,572		33,951
Haci Omer Sabanci Holding AS	31,762		35,810
KOC Holding AS	25,423		51,406
TAV Havalimanlari Holding AS	4,656		11,604
Tupras Turkiye Petrol Rafinerileri AS (A)	4,998		56,880
Turk Hava Yollari AO (A)	25,366		34,666
Turkcell Iletisim Hizmetleri AS	38,572		71,643
Turkiye Garanti Bankasi AS (A)	86,216		105,738
Turkiye Is Bankasi AS, Class C (A)	60,572		43,223
			767,889

 

94

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Arab Emirates - 0.0%
NMC Health PLC	4,471	$	5,812
United Kingdom - 9.2%
3i Group PLC	36,926		357,798
Admiral Group PLC	7,852		216,245
Anglo American PLC	38,102		667,683
Ashtead Group PLC	16,947		366,291
Associated British Foods PLC	13,623		305,150
AstraZeneca PLC	46,889		4,177,748
Auto Trader Group PLC (D)	37,238		201,226
AVEVA Group PLC	2,387		102,843
Aviva PLC	143,921		473,176
BAE Systems PLC	117,721		756,358
Barclays PLC	633,799		720,268
Barratt Developments PLC	39,643		214,282
BP PLC	724,033		2,969,212
British American Tobacco PLC	81,871		2,788,951
BT Group PLC	308,640		448,936
Bunzl PLC	12,951		259,235
Burberry Group PLC	15,796		256,759
Centrica PLC	223,228		105,183
CNH Industrial NV	37,712		214,781
Coca-Cola European Partners PLC	9,387		358,370
Compass Group PLC	58,290		908,163
Croda International PLC	4,999		263,735
Diageo PLC	83,713		2,654,493
Direct Line Insurance Group PLC	53,358		194,794
easyJet PLC	7,197		49,872
Ferguson PLC	8,417		520,443
Fiat Chrysler Automobiles NV	43,112		307,766
G4S PLC	63,824		72,593
GlaxoSmithKline PLC	178,177		3,343,335
Halma PLC	13,950		327,630
Hargreaves Lansdown PLC	11,129		189,091
HSBC Holdings PLC	726,175		4,076,571
Imperial Brands PLC	35,031		646,508
Informa PLC	47,610		259,317
InterContinental Hotels Group PLC	6,599		280,742
Intertek Group PLC	6,185		361,358
ITV PLC	140,570		115,356
J Sainsbury PLC	71,585		185,219
JD Sports Fashion PLC	16,184		90,642
Johnson Matthey PLC	7,531		165,938
Kingfisher PLC	84,019		147,580
Land Securities Group PLC	25,882		178,480
Legal & General Group PLC	219,159		517,806
Lloyds Banking Group PLC	2,483,735		971,018
London Stock Exchange Group PLC	11,566		1,034,643
M&G PLC (A)	94,053		130,828
Marks & Spencer Group PLC	78,181		94,774
Meggitt PLC	31,556		113,433
Melrose Industries PLC	185,187		205,786
Micro Focus International PLC	13,507		66,651
Mondi PLC	13,861		233,912
Mondi PLC (JSE Limited Exchange)	4,137		70,193
National Grid PLC	123,534		1,443,402
Next PLC	4,895		245,576
Ocado Group PLC (A)	15,026		225,394
Pearson PLC	30,415		208,222
Persimmon PLC	12,211		288,651
Prudential PLC	92,184		1,155,049
Reckitt Benckiser Group PLC	25,222		1,921,297
RELX PLC	44,291		945,276
RELX PLC (Euronext Amsterdam Exchange)	24,534		524,531
Rentokil Initial PLC	67,951		324,532

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Rio Tinto PLC	40,037	$	1,835,383
Rio Tinto, Ltd.	13,588		700,048
Rolls-Royce Holdings PLC (A)	63,506		268,404
RSA Insurance Group PLC	40,468		211,178
Schroders PLC	4,962		151,698
Segro PLC	40,172		379,760
Severn Trent PLC	7,990		226,172
Smith & Nephew PLC	32,136		566,123
Smiths Group PLC	15,498		233,666
Spirax-Sarco Engineering PLC	2,625		263,531
SSE PLC	38,128		612,680
St. James's Place PLC	20,193		188,560
Standard Chartered PLC	100,936		558,053
Standard Life Aberdeen PLC	88,164		243,315
Taylor Wimpey PLC	125,790		181,006
Tesco PLC	359,848		1,016,218
The Berkeley Group Holdings PLC	4,387		195,807
The British Land Company PLC	35,353		147,428
The Royal Bank of Scotland Group PLC	181,551		250,336
The Sage Group PLC	41,847		304,292
The Weir Group PLC	9,927		88,292
Unilever NV	49,466		2,431,319
Unilever PLC	39,481		1,991,030
United Utilities Group PLC	26,873		300,813
Vodafone Group PLC	950,281		1,314,659
Whitbread PLC	4,779		177,117
Wm Morrison Supermarkets PLC	89,522		195,574
WPP PLC	47,661		324,043
			57,377,600
United States - 0.1%
Bausch Health Companies, Inc. (A)	12,400		192,172
Carnival PLC	5,881		70,195
International Flavors & Fragrances, Inc.	319		32,610
Nexteer Automotive Group, Ltd.	31,000		15,378
Ovintiv, Inc. (B)	9,580		26,276
			336,631
TOTAL COMMON STOCKS (Cost $609,861,766)		$	603,322,602
PREFERRED SECURITIES - 0.9%
Brazil - 0.4%
Banco Bradesco SA	139,205		556,434
Braskem SA, A Shares	4,100		13,588
Centrais Eletricas Brasileiras SA, B Shares	5,700		28,554
Cia Energetica de Minas Gerais	31,260		53,603
Gerdau SA	36,200		70,016
Itau Unibanco Holding SA	168,689		749,606
Itausa - Investimentos Itau SA	147,723		249,328
Lojas Americanas SA	24,316		84,234
Petroleo Brasileiro SA	150,151		404,267
Telefonica Brasil SA	9,652		91,856
			2,301,486
Germany - 0.3%
Bayerische Motoren Werke AG	2,090		88,627
FUCHS PETROLUB SE	2,735		97,559
Henkel AG & Company KGaA	6,138		490,928
Porsche Automobil Holding SE	5,695		238,054
Sartorius AG	1,201		287,130
Volkswagen AG	6,793		782,531
			1,984,829
South Korea - 0.2%
Amorepacific Corp.	300		14,488
Hyundai Motor Company	705		29,568
Hyundai Motor Company, 2nd Preferred	1,197		55,402

 

95

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
South Korea (continued)
LG Chem, Ltd.	162	$	19,481
LG Household & Health Care, Ltd.	48		25,024
Samsung Electronics Company, Ltd.	29,394		957,881
			1,101,844
TOTAL PREFERRED SECURITIES (Cost $7,131,175)		$	5,388,159
WARRANTS - 0.0%
BTS Group Holdings PCL (Expiration Date: 2-16-21; Strike Price: THB 14.00) (A)	30,160		533
TOTAL WARRANTS (Cost $0)		$	533
SHORT-TERM INVESTMENTS - 4.1%
Short-term funds - 4.1%
Fidelity Institutional Money Market Government Portfolio, Institutional Class, 0.9286% (F)	4,714,320		4,714,320
John Hancock Collateral Trust, 1.1260% (F)(G)	2,102,137		21,016,113
TOTAL SHORT-TERM INVESTMENTS (Cost $25,748,699)		$	25,730,433
Total Investments (International Equity Index Trust) (Cost $642,741,640) - 102.0%		$	634,441,727
Other assets and liabilities, net - (2.0%)			(12,711,058)
TOTAL NET ASSETS - 100.0%		$	621,730,669

International Equity Index Trust (continued)

Currency Abbreviations
THB	Thai Bhat
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 3-31-20. The value of securities on loan amounted to $19,544,899.
(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)	Investment is an affiliate of the fund, the advisor and/or subadvisor.
(F)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	1	Long	Jun 2020	$69,558	$78,210	$8,652
Mini MSCI Emerging Markets Index Futures	240	Long	Jun 2020	10,383,963	10,135,200	(248,763)
MSCI Taiwan Index Futures	25	Long	Apr 2020	939,467	930,500	(8,967)
						$(249,078)

^ 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 Small Company Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.6%
Australia - 5.4%
A2B Australia, Ltd.	9,047	$	3,552
Accent Group, Ltd.	24,907		12,039
Adelaide Brighton, Ltd.	19,036		24,265
Ainsworth Game Technology, Ltd. (A)	10,192		2,365
Alkane Resources, Ltd. (A)	4,753		1,791
ALS, Ltd.	8,281		28,864
Altium, Ltd.	2,396		42,045
AMA Group, Ltd.	24,887		4,234
Amaysim Australia, Ltd. (A)	11,607		2,214
Ansell, Ltd.	6,123		101,396
AP Eagers, Ltd. (B)	11,432		21,228
ARB Corp., Ltd. (B)	3,706		32,470
Ardent Leisure Group, Ltd. (A)	39,016		5,107
Asaleo Care, Ltd.	30,182		18,615
AUB Group, Ltd.	4,946		29,712
Aurelia Metals, Ltd.	63,267		9,194
Austal, Ltd.	23,155		41,819
Australian Agricultural Company, Ltd. (A)	28,065		18,884

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Australian Pharmaceutical Industries, Ltd.	26,584	$	20,447
Auswide Bank, Ltd.	607		1,614
Bank of Queensland, Ltd. (B)	21,179		65,046
Bapcor, Ltd.	13,654		34,041
Bega Cheese, Ltd. (B)	14,056		39,504
Bingo Industries, Ltd. (B)	8,137		9,545
Blackmores, Ltd. (B)	372		16,655
Blue Sky Alternative Investments, Ltd. (A)(C)	2,049		198
Bravura Solutions, Ltd.	17,005		39,587
Breville Group, Ltd.	4,935		51,515
Brickworks, Ltd.	3,795		31,045
BWX, Ltd.	7,095		13,044
Cardno, Ltd. (A)	15,086		2,303
carsales.com, Ltd.	10,102		72,587
Cash Converters International, Ltd. (A)	14,501		1,337
Castile Resources Pty, Ltd. (A)	3,953		182
Cedar Woods Properties, Ltd.	2,555		6,520

 

96

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Centuria Capital Group	15,289	$	15,645
Challenger, Ltd.	7,610		18,588
Cleanaway Waste Management, Ltd.	91,256		96,250
Clinuvel Pharmaceuticals, Ltd.	2,335		26,802
Codan, Ltd.	5,320		17,698
Collins Foods, Ltd.	5,764		19,115
Cooper Energy, Ltd. (A)(B)	98,256		24,916
Corporate Travel Management, Ltd. (B)	2,594		13,666
Costa Group Holdings, Ltd.	12,590		21,353
Credit Corp. Group, Ltd.	2,594		21,812
CSR, Ltd.	25,551		48,963
CuDeco, Ltd. (A)(C)	8,580		1,023
Data#3, Ltd.	9,073		19,122
Decmil Group, Ltd.	2,921		233
Domain Holdings Australia, Ltd.	17,171		21,306
Domino's Pizza Enterprises, Ltd. (B)	1,064		32,942
Downer EDI, Ltd.	11,272		20,592
Eclipx Group, Ltd. (A)	16,681		6,856
Elders, Ltd.	8,609		39,799
EML Payments, Ltd. (A)	15,659		22,001
EQT Holdings, Ltd.	705		9,080
Estia Health, Ltd.	11,708		9,625
EVENT Hospitality and Entertainment, Ltd.	4,397		20,225
FAR, Ltd. (A)(B)	313,905		1,918
Finbar Group, Ltd.	8,370		3,495
Fleetwood Corp., Ltd. (A)	8,058		6,179
FlexiGroup, Ltd.	20,305		9,385
Flight Centre Travel Group, Ltd. (C)	407		2,570
Freedom Foods Group, Ltd. (B)	6,482		17,377
G8 Education, Ltd.	27,130		14,072
Galaxy Resources, Ltd. (A)	30,280		14,798
Genworth Mortgage Insurance Australia, Ltd.	18,245		24,792
Gold Road Resources, Ltd. (A)(B)	43,849		37,276
GrainCorp, Ltd., Class A (A)	13,614		26,247
GUD Holdings, Ltd.	3,410		19,765
GWA Group, Ltd. (B)	12,195		19,552
Hansen Technologies, Ltd.	11,735		21,029
Healius, Ltd.	36,714		46,157
HT&E, Ltd.	20,357		14,279
HUB24, Ltd.	3,152		14,174
IGO, Ltd.	21,668		55,664
Iluka Resources, Ltd.	13,142		55,574
Imdex, Ltd.	20,483		11,106
IMF Bentham, Ltd.	15,575		36,819
Infigen Energy	79,137		20,500
Infomedia, Ltd.	15,337		13,373
Inghams Group, Ltd.	11,981		24,010
Intega Group, Ltd. (A)	15,086		1,696
Integral Diagnostics, Ltd.	6,781		10,333
Integrated Research, Ltd. (B)	3,367		5,378
International Ferro Metals, Ltd. (A)(C)	24,339		0
InvoCare, Ltd. (B)	6,934		44,956
IOOF Holdings, Ltd.	16,325		36,876
IPH, Ltd.	6,339		27,830
IRESS, Ltd.	7,537		47,928
iSelect, Ltd. (A)	10,270		1,460
iSentia Group, Ltd. (A)	3,943		410
IVE Group, Ltd.	11,452		3,633
Japara Healthcare, Ltd. (B)	17,906		5,564
JB Hi-Fi, Ltd.	5,693		98,020
Jumbo Interactive, Ltd.	2,253		13,089
Jupiter Mines, Ltd.	116,266		15,917
Karoon Energy, Ltd. (A)	14,552		3,917

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Kingsgate Consolidated, Ltd. (A)	11,120	$	2,445
Lifestyle Communities, Ltd.	3,310		12,402
Link Administration Holdings, Ltd.	18,215		35,966
Lovisa Holdings, Ltd.	3,846		11,617
MACA, Ltd.	18,596		7,301
Macmahon Holdings, Ltd.	112,440		12,777
Mayne Pharma Group, Ltd. (A)	99,135		18,937
McMillan Shakespeare, Ltd.	3,346		14,380
McPherson's, Ltd.	7,978		9,993
Medusa Mining, Ltd. (A)	8,127		2,338
Mesoblast, Ltd. (A)	26,311		21,825
Metals X, Ltd. (A)	48,765		1,803
Metcash, Ltd.	46,387		89,934
Mineral Resources, Ltd. (B)	6,073		51,384
MMA Offshore, Ltd. (A)	46,658		2,014
Moelis Australia, Ltd.	3,830		4,106
Monadelphous Group, Ltd.	6,360		39,940
Monash IVF Group, Ltd.	13,183		3,711
Mortgage Choice, Ltd.	6,422		2,679
Mount Gibson Iron, Ltd.	62,063		25,206
Myer Holdings, Ltd. (A)(B)	63,302		5,453
MyState, Ltd.	4,190		9,796
Navigator Global Investments, Ltd.	10,160		14,715
Netwealth Group, Ltd.	3,669		15,063
New Hope Corp., Ltd.	11,267		9,534
NEXTDC, Ltd. (A)	11,494		62,477
nib holdings, Ltd.	21,443		68,328
Nick Scali, Ltd.	5,272		10,947
Nine Entertainment Company Holdings, Ltd.	72,050		50,495
NRW Holdings, Ltd.	40,319		31,047
Nufarm, Ltd. (A)(B)	12,991		40,189
OceanaGold Corp. (A)	31,900		30,601
OFX Group, Ltd.	14,134		11,142
oOh!media, Ltd.	13,577		5,310
oOh!media, Ltd., Entitlement Offer (A)	18,135		7,092
Orora, Ltd.	50,114		74,674
OZ Minerals, Ltd.	17,975		80,189
Pacific Current Group, Ltd.	1,644		4,394
Pact Group Holdings, Ltd. (A)(B)	11,275		10,529
Peet, Ltd.	13,800		7,464
Pendal Group, Ltd.	11,153		30,303
Perenti Global, Ltd.	33,636		12,307
Perpetual, Ltd. (B)	2,520		38,411
Perseus Mining, Ltd. (A)	111,479		63,354
Platinum Asset Management, Ltd.	6,396		13,044
Praemium, Ltd. (A)	28,131		4,151
Premier Investments, Ltd.	4,691		35,025
Prime Media Group, Ltd. (A)	17,812		1,148
Pro Medicus, Ltd.	2,876		33,993
Ramelius Resources, Ltd. (B)	29,377		18,047
Regis Healthcare, Ltd. (B)	9,267		8,689
Regis Resources, Ltd.	23,625		52,505
Resolute Mining, Ltd. (A)	43,558		21,598
Ridley Corp., Ltd.	19,156		7,945
Sandfire Resources, Ltd.	8,336		16,704
Saracen Mineral Holdings, Ltd. (A)	53,562		120,445
SeaLink Travel Group, Ltd.	9,116		16,581
Select Harvests, Ltd.	5,587		23,908
Senex Energy, Ltd. (A)	87,382		8,457
Servcorp, Ltd.	3,171		4,218
Service Stream, Ltd.	18,170		20,310
Seven West Media, Ltd. (A)	85,038		4,135
SG Fleet Group, Ltd.	7,879		5,863
Sigma Healthcare, Ltd.	86,903		34,619

 

97

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Silver Lake Resources, Ltd. (A)	29,625	$	25,228
SmartGroup Corp., Ltd.	4,591		13,711
Southern Cross Media Group, Ltd. (B)(C)	51,441		5,421
Spark Infrastructure Group	70,637		85,298
SpeedCast International, Ltd. (A)(B)(C)	17,245		8,380
St. Barbara, Ltd. (B)	31,749		41,920
Steadfast Group, Ltd.	37,803		56,983
Super Retail Group, Ltd.	6,693		19,143
Superloop, Ltd. (A)(B)	17,732		6,164
Syrah Resources, Ltd. (A)(B)	31,913		5,127
Tassal Group, Ltd.	15,770		34,035
Technology One, Ltd.	12,347		59,640
The Reject Shop, Ltd. (A)(B)	2,561		4,204
Tiger Resources, Ltd. (A)(C)	92,816		2,101
Troy Resources, Ltd. (A)	15,555		709
United Malt Grp, Ltd. (A)	13,614		36,846
Village Roadshow, Ltd.	5,669		4,728
Virgin Australia Holdings, Ltd. (A)	92,110		5,473
Virgin Australia Holdings, Ltd., In-Specie Distribution (A)(C)	359,466		1,106
Virtus Health, Ltd.	8,064		9,302
Vocus Group, Ltd. (A)	35,249		53,877
Webjet, Ltd. (B)(C)	8,700		20,976
Western Areas, Ltd.	18,795		22,300
Westgold Resources, Ltd. (A)	15,813		18,377
Whitehaven Coal, Ltd.	27,507		32,303
WPP AUNZ, Ltd.	25,254		3,202
			4,252,205
Austria - 1.6%
Agrana Beteiligungs AG	724		12,957
ams AG (A)(B)	10,453		102,173
ANDRITZ AG	3,423		107,242
AT&S Austria Technologie & Systemtechnik AG (B)	2,410		34,909
CA Immobilien Anlagen AG	4,303		146,738
DO & CO AG	278		10,932
EVN AG	3,092		45,200
FACC AG	1,116		9,398
Flughafen Wien AG	265		6,924
IMMOFINANZ AG (A)	4,356		78,879
Kapsch TrafficCom AG (B)	191		3,609
Lenzing AG (B)	693		38,276
Mayr Melnhof Karton AG	439		54,872
Oesterreichische Post AG (B)	2,096		74,769
Palfinger AG	1,137		20,920
POLYTEC Holding AG (B)	995		4,777
Porr AG (B)	648		10,635
Rhi Magnesita NV	1,095		27,811
Rosenbauer International AG (B)	174		5,345
S IMMO AG	3,364		65,366
S&T AG (B)	2,773		51,590
Schoeller-Bleckmann Oilfield Equipment AG	710		23,011
Semperit AG Holding (A)(B)	822		10,720
Strabag SE	893		20,411
Telekom Austria AG	7,836		54,707
UBM Development AG	411		12,436
UNIQA Insurance Group AG	7,877		60,582
Vienna Insurance Group AG	2,991		56,416
voestalpine AG (B)	829		16,726
Wienerberger AG	6,968		108,859
Zumtobel Group AG (A)	2,545		16,782
			1,293,972

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Belgium - 1.6%
Ackermans & van Haaren NV	1,132	$	146,899
AGFA-Gevaert NV (A)	6,780		25,209
Akka Technologies	549		15,280
Atenor	169		11,927
Banque Nationale de Belgique	12		25,704
Barco NV	735		112,302
Bekaert SA	2,225		37,081
Biocartis NV (A)(B)(D)	2,587		9,612
bpost SA	4,236		29,865
Celyad SA (A)(B)	493		3,664
Cie d'Entreprises CFE	416		29,777
D'ieteren SA	1,254		62,200
Econocom Group SA	6,435		10,100
Elia Group SA	1,281		124,773
Euronav NV	8,334		94,856
EVS Broadcast Equipment SA	811		10,908
Exmar NV (A)(B)	1,567		7,143
Fagron	1,709		33,500
Gimv NV	1,153		59,912
Immobel SA	209		15,273
Ion Beam Applications (A)	1,305		11,245
Kinepolis Group NV	585		21,248
Lotus Bakeries NV	13		39,888
Melexis NV	987		51,476
Ontex Group NV	3,927		68,355
Orange Belgium SA	1,199		21,080
Oxurion NV (A)(B)	1,612		4,433
Picanol	88		5,647
Recticel SA	2,296		12,261
Sioen Industries NV	374		7,196
Sipef NV	420		20,648
Telenet Group Holding NV	1,717		51,559
Tessenderlo Group SA (A)	1,439		40,360
Van de Velde NV	377		8,557
Viohalco SA (A)	7,173		13,499
			1,243,437
Bermuda - 0.1%
Hiscox, Ltd.	8,333		94,897
Canada - 7.3%
5N Plus, Inc. (A)	3,515		3,871
Absolute Software Corp.	3,900		23,888
Advantage Oil & Gas, Ltd. (A)	11,500		11,686
Aecon Group, Inc.	4,500		40,162
Africa Oil Corp. (A)(B)	34,602		21,145
Ag Growth International, Inc. (B)	1,100		13,288
AGF Management, Ltd., Class B	4,298		9,162
Aimia, Inc. (A)	7,777		11,660
AirBoss of America Corp.	1,500		8,591
Alamos Gold, Inc., Class A	23,618		118,652
Alaris Royalty Corp. (B)	2,229		13,067
Alcanna, Inc. (A)(B)	1,500		2,452
Algoma Central Corp.	700		4,511
Alio Gold, Inc. (A)(B)	638		317
Altius Minerals Corp.	3,100		15,618
Altus Group, Ltd.	1,818		47,152
Andrew Peller, Ltd., Class A	2,300		13,500
ARC Resources, Ltd. (B)	16,428		47,277
Aritzia, Inc. (A)	3,100		27,116
Asanko Gold, Inc. (A)(B)	6,600		5,253
Athabasca Oil Corp. (A)(B)	42,135		4,192
ATS Automation Tooling Systems, Inc. (A)	3,547		41,486
AutoCanada, Inc.	1,985		7,546
B2Gold Corp.	14,749		44,646
Badger Daylighting, Ltd. (B)	1,522		24,626

 

98

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)(B)	35,400	$	8,427
Birch Mountain Resources, Ltd. (A)(C)	9,200		1
Birchcliff Energy, Ltd. (B)	15,733		8,720
Bird Construction, Inc. (B)	4,995		16,185
Black Diamond Group, Ltd. (A)	2,750		2,052
BlackBerry, Ltd. (A)(B)	9,511		39,280
BMTC Group, Inc. (B)	500		2,423
Bonavista Energy Corp. (A)(B)	13,661		1,213
Bonterra Energy Corp. (B)	2,200		1,485
Boralex, Inc., Class A	4,277		75,979
Calfrac Well Services, Ltd. (A)	6,414		1,094
Cameco Corp.	1,713		13,087
Canaccord Genuity Group, Inc.	3,431		10,557
Canacol Energy, Ltd. (B)	7,565		19,191
Canadian Western Bank	4,515		62,144
Canfor Corp. (A)	4,300		22,305
Canfor Pulp Products, Inc. (B)	2,715		9,781
CanWel Building Materials Group, Ltd.	3,600		8,442
Capital Power Corp.	6,627		127,850
Capstone Mining Corp. (A)	29,467		9,318
Cardinal Energy, Ltd. (B)	5,530		1,768
Cascades, Inc.	6,623		59,157
Celestica, Inc. (A)	5,019		17,618
Celestica, Inc. (New York Stock Exchange) (A)	3,200		11,200
Centerra Gold, Inc. (A)	14,877		88,482
CES Energy Solutions Corp.	18,429		10,607
China Gold International Resources Corp., Ltd. (A)	18,050		7,183
Cineplex, Inc. (B)	3,000		24,941
Clearwater Seafoods, Inc. (B)	1,500		5,447
Cogeco Communications, Inc.	731		49,590
Cogeco, Inc.	445		27,472
Colliers International Group, Inc.	1,100		52,620
Computer Modelling Group, Ltd. (B)	4,420		12,029
Copper Mountain Mining Corp. (A)(B)	8,800		2,126
Corby Spirit and Wine, Ltd.	700		7,685
Corus Entertainment, Inc., B Shares	11,806		21,057
Crescent Point Energy Corp. (B)	9,519		7,373
Crescent Point Energy Corp. (New York Stock Exchange)	16,800		12,918
Crew Energy, Inc. (A)(B)	11,300		1,606
CRH Medical Corp. (A)	5,500		7,347
Denison Mines Corp. (A)(B)	33,028		8,684
DIRTT Environmental Solutions (A)	3,000		3,027
Dorel Industries, Inc., Class B	2,900		3,091
DREAM Unlimited Corp., Class A	4,500		30,185
Dundee Precious Metals, Inc.	14,687		46,337
ECN Capital Corp.	18,600		49,695
E-L Financial Corp., Ltd.	100		42,493
Eldorado Gold Corp. (A)	9,374		58,284
Element Fleet Management Corp.	12,458		79,318
Endeavour Silver Corp. (A)(B)	10,900		14,639
Enerflex, Ltd.	6,400		26,513
Enerplus Corp.	11,735		17,261
Enghouse Systems, Ltd.	2,300		71,143
Ensign Energy Services, Inc. (B)	9,800		3,621
Equitable Group, Inc.	996		41,098
Essential Energy Services, Ltd. (A)	7,268		723
Exchange Income Corp. (B)	568		7,164
Exco Technologies, Ltd.	1,500		5,734
Extendicare, Inc. (B)	6,230		25,588
Fiera Capital Corp.	3,035		14,104
Finning International, Inc.	4,788		51,374
Firm Capital Mortgage Investment Corp.	1,100		7,902

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
First Majestic Silver Corp. (A)(B)	6,681	$	41,397
First Mining Gold Corp. (A)(B)	39,000		4,988
First National Financial Corp.	700		12,395
Fission Uranium Corp. (A)(B)	19,500		2,078
Fortuna Silver Mines, Inc. (A)(B)	14,267		32,847
Freehold Royalties, Ltd.	7,229		15,102
Gamehost, Inc.	100		270
Genworth MI Canada, Inc. (B)	1,788		39,729
Gibson Energy, Inc.	7,398		85,424
Glacier Media, Inc. (A)	6,100		1,192
GMP Capital, Inc. (B)	3,026		2,795
goeasy, Ltd. (B)	672		17,377
Golden Star Resources, Ltd. (A)(B)	5,011		12,819
Gran Tierra Energy, Inc. (A)(B)	25,166		6,438
Great Canadian Gaming Corp. (A)	2,400		42,601
Guardian Capital Group, Ltd., Class A	600		7,836
Guyana Goldfields, Inc. (A)	11,400		2,187
Hanfeng Evergreen, Inc. (A)(C)	200		0
Headwater Exploration, Inc. (A)	4,930		3,503
Heroux-Devtek, Inc. (A)	2,700		20,087
High Liner Foods, Inc.	1,773		8,101
Home Capital Group, Inc. (A)	5,079		57,961
Horizon North Logistics, Inc.	8,109		1,613
Hudbay Minerals, Inc.	18,257		34,508
IAMGOLD Corp. (A)	35,827		81,466
Imperial Metals Corp. (A)	4,600		4,413
Innergex Renewable Energy, Inc.	7,800		106,139
Interfor Corp. (A)	3,520		15,658
International Petroleum Corp. (A)(B)	5,324		6,053
International Tower Hill Mines, Ltd. (A)(B)	2,300		834
Intertape Polymer Group, Inc.	2,700		19,262
Ivanhoe Mines, Ltd., Class A (A)	24,771		41,188
Jamieson Wellness, Inc.	1,100		20,119
Just Energy Group, Inc.	11,440		5,772
KAB Distribution, Inc. (A)(C)	7,076		0
K-Bro Linen, Inc.	600		11,963
Kelt Exploration, Ltd. (A)(B)	10,445		8,164
Kinaxis, Inc. (A)	1,068		82,637
Knight Therapeutics, Inc. (A)	5,400		23,790
Labrador Iron Ore Royalty Corp. (B)	3,218		38,439
Largo Resources, Ltd. (A)	7,800		3,880
Lassonde Industries, Inc., Class A	200		21,232
Laurentian Bank of Canada (B)	2,714		58,935
Leon's Furniture, Ltd.	1,883		18,050
Linamar Corp.	2,766		57,254
Lucara Diamond Corp.	25,184		7,248
Lundin Gold, Inc. (A)	2,800		15,579
Magellan Aerospace Corp.	900		4,163
Mainstreet Equity Corp. (A)	100		3,198
Major Drilling Group International, Inc. (A)	6,800		13,771
Maple Leaf Foods, Inc.	2,840		51,501
Martinrea International, Inc.	5,613		27,162
Medical Facilities Corp.	2,104		5,218
MEG Energy Corp. (A)(B)	13,888		16,480
Melcor Developments, Ltd.	1,000		5,187
Morguard Corp.	400		37,544
Morneau Shepell, Inc.	3,098		62,497
Mountain Province Diamonds, Inc. (A)(B)	6,800		1,643
MTY Food Group, Inc. (B)	742		11,362
Mullen Group, Ltd. (B)	7,082		20,633
New Gold, Inc. (A)	28,915		14,999
NFI Group, Inc. (B)	2,279		24,388

 

99

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Norbord, Inc. (B)	2,572	$	30,430
North American Construction Group, Ltd.	2,100		10,580
NuVista Energy, Ltd. (A)(B)	15,505		5,344
Obsidian Energy, Ltd. (A)(B)	6,789		1,110
Osisko Gold Royalties, Ltd.	7,586		56,600
Painted Pony Energy, Ltd. (A)(B)	7,448		1,217
Pan American Silver Corp.	11,185		160,944
Pan American Silver Corp., CVR (A)	19,100		6,494
Paramount Resources, Ltd., Class A (A)(B)	5,173		4,154
Parex Resources, Inc. (A)	8,316		70,319
Park Lawn Corp.	1,182		13,858
Pason Systems, Inc.	5,636		25,030
Peyto Exploration & Development Corp. (B)	10,197		10,796
PHX Energy Services Corp. (A)	1,500		725
Pinnacle Renewable Energy, Inc.	1,400		6,198
Pizza Pizza Royalty Corp.	1,729		9,092
Polaris Infrastructure, Inc.	1,500		11,906
PolyMet Mining Corp. (A)	11,854		2,864
PrairieSky Royalty, Ltd. (B)	9,727		51,355
Precision Drilling Corp. (A)	21,659		6,772
Premier Gold Mines, Ltd. (A)	4,127		3,490
Premium Brands Holdings Corp. (B)	1,400		72,024
Pretium Resources, Inc. (A)(B)	8,300		47,359
Pulse Seismic, Inc. (A)	2,882		2,048
Quarterhill, Inc.	9,800		11,769
Questerre Energy Corp., Class A (A)(B)	19,444		1,313
Real Matters, Inc. (A)	3,500		34,818
Recipe Unlimited Corp.	1,300		8,000
Reitmans Canada, Ltd., Class A	3,200		932
Richelieu Hardware, Ltd.	4,500		71,083
Rocky Mountain Dealerships, Inc.	100		284
Rogers Sugar, Inc. (B)	6,474		20,195
Roxgold, Inc. (A)	19,200		11,187
Russel Metals, Inc.	3,846		35,774
Sabina Gold & Silver Corp. (A)	20,475		17,022
Sandstorm Gold, Ltd. (A)(B)	12,031		60,270
Savaria Corp. (B)	2,300		17,373
Seabridge Gold, Inc. (A)(B)	1,222		11,401
Secure Energy Services, Inc.	5,954		3,935
SEMAFO, Inc. (A)	19,478		37,785
Seven Generations Energy, Ltd., Class A (A)	11,092		12,217
ShawCor, Ltd. (B)	4,173		5,278
Sienna Senior Living, Inc. (B)	3,606		31,363
Sierra Wireless, Inc. (A)	2,600		14,688
Sleep Country Canada Holdings, Inc. (D)	2,813		20,009
Spin Master Corp. (A)(D)	700		6,735
Sprott, Inc.	13,300		21,642
SSR Mining, Inc. (A)	6,762		77,119
Stantec, Inc.	4,578		117,109
Stella-Jones, Inc.	2,400		52,287
Storm Resources, Ltd. (A)	2,200		1,579
SunOpta, Inc. (A)(B)	5,608		9,683
Superior Plus Corp. (B)	6,557		38,486
Surge Energy, Inc. (B)	21,600		3,300
Tamarack Valley Energy, Ltd. (A)	11,685		4,027
Taseko Mines, Ltd. (A)	16,100		4,347
Teranga Gold Corp. (A)	6,581		32,313
Tervita Corp. (A)	616		1,519
TFI International, Inc.	3,885		85,717
The Descartes Systems Group, Inc. (A)	2,106		72,445
The North West Company, Inc.	1,606		25,586

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Tidewater Midstream and Infrastructure, Ltd. (B)	6,650	$	2,292
Timbercreek Financial Corp.	6,000		30,228
TLC Vision Corp. (A)	3,400		0
TMAC Resources, Inc. (A)	2,100		686
TORC Oil & Gas, Ltd. (B)	13,180		5,900
Torex Gold Resources, Inc. (A)	5,460		52,881
Total Energy Services, Inc.	3,132		4,117
Tourmaline Oil Corp.	2,650		16,269
TransAlta Corp.	18,082		94,567
TransAlta Renewables, Inc. (B)	6,998		73,943
Transcontinental, Inc., Class A (B)	3,683		32,687
TransGlobe Energy Corp.	5,600		2,029
Trevali Mining Corp. (A)(B)	37,134		2,243
Trican Well Service, Ltd. (A)(B)	26,009		8,317
Tricon Capital Group, Inc.	5,668		27,750
Turquoise Hill Resources, Ltd. (A)	10,500		4,104
Uni-Select, Inc.	3,401		12,349
Vecima Networks, Inc.	479		2,866
Wajax Corp.	1,300		5,967
Wesdome Gold Mines, Ltd. (A)	8,000		42,010
West Fraser Timber Company, Ltd.	1,436		27,387
Western Forest Products, Inc. (B)	25,850		11,572
Westshore Terminals Investment Corp. (B)	1,589		14,769
Whitecap Resources, Inc.	15,868		13,192
WildBrain, Ltd. (A)(B)	10,382		6,640
Winpak, Ltd.	1,577		48,745
Yamana Gold, Inc.	55,269		153,558
Yangarra Resources, Ltd. (A)(B)	7,331		1,927
Yellow Pages, Ltd. (A)	200		1,030
Zenith Capital Corp. (A)	1,700		157
			5,729,152
China - 0.1%
FIH Mobile, Ltd. (A)	195,000		21,616
Goodbaby International Holdings, Ltd. (A)(B)	71,000		7,719
TK Group Holdings, Ltd.	26,000		8,901
Yangzijiang Shipbuilding Holdings, Ltd.	96,200		55,819
			94,055
Colombia - 0.0%
Frontera Energy Corp.  (B)	2,200		5,393
Denmark - 2.1%
ALK-Abello A/S (A)	424		94,584
Alm Brand A/S	2,824		20,550
Amagerbanken A/S (A)(C)	25,580		0
Ambu A/S, Class B	6,056		145,838
Bang & Olufsen A/S (A)(B)	2,596		8,744
Bavarian Nordic A/S (A)(B)	1,247		19,689
Bavarian Nordic A/S, Subscription Rights (A)	997		16,054
D/S Norden A/S	2,246		25,048
Dfds A/S (A)(B)	1,797		40,433
FLSmidth & Company A/S (A)	1,871		41,935
H+H International A/S, Class B (A)	1,146		13,156
ISS A/S	4,208		57,568
Jeudan A/S	76		13,385
Jyske Bank A/S (A)	3,920		96,847
Lan & Spar Bank A/S	225		14,778
Matas A/S	2,910		18,329
Nilfisk Holding A/S (A)	903		11,553
NKT A/S (A)	2,134		37,547
NNIT A/S (D)	479		6,043
Pandora A/S	3,050		98,000

 

100

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Denmark (continued)
Per Aarsleff Holding A/S	1,380	$	30,221
Ringkjoebing Landbobank A/S	1,650		91,300
Rockwool International A/S, A Shares	136		24,616
Rockwool International A/S, B Shares	258		46,471
Royal Unibrew A/S	2,303		165,545
Scandinavian Tobacco Group A/S (D)	2,633		26,438
Schouw & Company A/S	797		52,823
SimCorp A/S	2,225		185,516
Solar A/S, B Shares	410		12,006
Spar Nord Bank A/S	4,967		29,985
Sydbank A/S	3,740		52,248
The Drilling Company of 1972 A/S (A)	190		3,620
Tivoli A/S	102		9,819
Topdanmark A/S	2,221		89,121
United International Enterprises	128		23,126
Vestjysk Bank A/S (A)	23,113		9,591
Zealand Pharma A/S (A)(B)	1,273		42,823
			1,675,350
Finland - 2.6%
Adapteo OYJ (A)	1,982		16,994
Ahlstrom-Munksjo OYJ	4,382		53,464
Aktia Bank OYJ	2,328		18,224
Alma Media OYJ	1,962		13,279
Asiakastieto Group OYJ (A)(D)	860		24,169
Atria OYJ	1,021		9,256
BasWare OYJ (A)	538		11,118
Bittium OYJ	2,708		12,932
Cargotec OYJ, B Shares	2,007		36,930
Caverion OYJ	3,325		15,399
Citycon OYJ	5,523		34,163
Ferratum OYJ (B)	459		2,035
Finnair OYJ (A)	4,081		16,157
Fiskars OYJ ABP	3,218		33,794
F-Secure OYJ (A)	7,159		18,494
HKScan OYJ, A Shares (A)	316		654
Huhtamaki OYJ	5,367		171,838
Ilkka-Yhtyma OYJ	1,535		5,074
Kemira OYJ	7,709		74,306
Kesko OYJ, A Shares	690		37,942
Kesko OYJ, B Shares	2,935		165,971
Konecranes OYJ	3,667		62,448
Lassila & Tikanoja OYJ	1,929		24,291
Lehto Group OYJ (B)	1,159		1,826
Metsa Board OYJ (A)	10,846		58,672
Metso OYJ	6,038		142,289
Nokian Renkaat OYJ (B)	5,405		129,061
Olvi OYJ, A Shares	1,172		47,134
Oriola OYJ, B Shares	9,290		16,780
Orion OYJ, Class A	1,226		49,341
Orion OYJ, Class B	5,385		219,150
Outokumpu OYJ	19,116		46,338
Outotec OYJ	6,904		25,454
Pihlajalinna OYJ	1,193		18,636
Ponsse OYJ	543		12,239
QT Group OYJ (A)	770		15,249
Raisio OYJ, V Shares	8,267		26,793
Revenio Group OYJ	643		15,835
Sanoma OYJ	4,094		37,158
Stockmann OYJ ABP, B Shares (A)	2,666		4,078
Terveystalo OYJ (D)	1,103		9,766
TietoEVRY OYJ	2,544		54,888
Tikkurila OYJ	2,646		29,371
Tokmanni Group Corp.	3,550		35,200
Uponor OYJ	2,026		18,244
Vaisala OYJ, A Shares	952		28,211

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Finland (continued)
Valmet OYJ	6,664	$	129,370
YIT OYJ	10,171		44,771
			2,074,786
France - 3.9%
ABC arbitrage	1,420		9,765
Air France-KLM (A)(B)	11,018		61,284
AKWEL	725		8,473
Albioma SA	1,912		56,210
Altamir	752		11,690
Alten SA	1,382		97,259
Assystem SA	1,078		21,602
Aubay	399		8,772
Axway Software SA	531		9,152
Bastide le Confort Medical (A)	256		8,845
Beneteau SA	2,839		18,696
Boiron SA	274		8,457
Bonduelle SCA	1,027		21,458
Burelle SA	15		7,641
Casino Guichard Perrachon SA (B)	2,995		114,619
Cegedim SA (A)	186		4,838
CGG SA (A)	29,813		26,076
Chargeurs SA	2,257		22,581
Cie des Alpes	874		15,084
Cie Plastic Omnium SA	3,159		43,811
Coface SA	7,024		44,603
Derichebourg SA	6,625		18,125
Devoteam SA	277		17,725
Electricite de Strasbourg SA	81		8,450
Elior Group SA (B)(D)	4,760		31,157
Elis SA	6,449		60,768
Eramet (B)	445		13,929
Etablissements Maurel et Prom SA (B)	1,561		2,546
Europcar Mobility Group (B)(D)	5,117		8,013
Eutelsat Communications SA	9,105		94,648
Exel Industries SA, A Shares (A)	89		3,437
Faurecia SE	664		19,443
Fnac Darty SA (A)	1,390		36,742
Gaztransport Et Technigaz SA	1,087		78,262
GL Events	1,085		15,815
Groupe Crit	163		8,439
Groupe Open	410		3,132
Guerbet	508		15,845
Haulotte Group SA	962		4,351
ID Logistics Group (A)	176		27,539
Imerys SA	1,325		32,886
Ingenico Group SA	3,076		321,533
IPSOS	2,286		47,433
Jacquet Metal Service SA	1,278		11,945
JCDecaux SA (B)	685		12,178
Kaufman & Broad SA	901		27,679
Korian SA	3,163		97,583
Lagardere SCA	3,040		37,849
Laurent-Perrier	110		9,104
Lectra	1,346		21,380
LISI	1,205		22,157
LNA Sante SA	511		21,346
Maisons du Monde SA (D)	1,925		15,193
Manitou BF SA	880		13,303
Manutan International	105		4,759
Mersen SA	1,171		21,328
Metropole Television SA	1,324		14,653
Nexans SA	2,031		60,425
Nexity SA	2,361		72,672
Nicox (A)	3,009		11,686
NRJ Group	782		4,414

 

101

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)	4,617	$	2,300
Pierre & Vacances SA (A)	142		1,785
Plastivaloire	383		1,543
Quadient	2,721		47,763
Rallye SA	1,771		12,468
Recylex SA (A)(B)	1,058		2,321
Rexel SA	15,736		115,870
Robertet SA	28		23,761
Rothschild & Company	1,372		27,788
Rubis SCA	3,797		156,570
Savencia SA	372		19,759
Seche Environnement SA	335		10,800
Societe BIC SA (B)	1,252		69,540
Societe pour l'Informatique Industrielle	438		8,588
SOITEC (A)	1,176		83,891
Solocal Group (A)(B)	36,459		9,000
Somfy SA	407		34,752
Sopra Steria Group	705		77,116
SPIE SA	7,967		80,138
Stef SA	202		14,114
Synergie SA	557		9,446
Tarkett SA	1,942		18,109
Technicolor SA (A)(B)	18,529		4,416
Television Francaise 1	3,803		20,669
Thermador Groupe	453		22,222
Trigano SA	463		29,377
Valeo SA	460		7,487
Vallourec SA (A)(B)	19,754		21,476
Valneva SE (A)	2,831		8,910
Vetoquinol SA	56		2,927
Vicat SA	1,404		35,934
VIEL & Cie SA	6,040		30,698
Vilmorin & Cie SA	614		24,330
Virbac SA (A)	180		31,623
			3,038,279
Gabon - 0.0%
Total Gabon	20		2,126
Georgia - 0.0%
Bank of Georgia Group PLC	2,491		28,275
Georgia Capital PLC (A)	1,145		6,066
TBC Bank Group PLC	239		2,131
			36,472
Germany - 5.8%
Aareal Bank AG	2,902		47,712
ADO Properties SA (B)(D)	1,427		32,205
ADO Properties SA (Vienna Stock Exchange) (D)	682		15,373
ADVA Optical Networking SE (A)	5,162		29,136
AIXTRON SE (A)(B)	3,257		28,030
Allgeier SE (B)	498		13,336
Amadeus Fire AG	408		34,484
Atoss Software AG	109		15,438
Aurubis AG	2,018		82,122
Basler AG	162		6,605
Bauer AG	959		10,632
BayWa AG	1,025		28,461
Bechtle AG	1,408		177,285
Bertrandt AG (B)	394		13,439
bet-at-home.com AG	350		10,349
Bijou Brigitte AG	340		11,497
Bilfinger SE	2,311		38,713
Borussia Dortmund GmbH & Company KGaA	3,564		21,126
CANCOM SE	1,836		77,180

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
CECONOMY AG (A)	8,144	$	17,680
CENIT AG	446		4,722
Centrotec SE	291		3,618
Cewe Stiftung & Company KGAA	503		44,256
comdirect bank AG	2,610		36,518
CompuGroup Medical SE	1,368		82,991
CropEnergies AG	1,544		13,280
CTS Eventim AG & Company KGaA	3,354		153,472
Deutsche Beteiligungs AG	854		24,195
Deutsche EuroShop AG	2,527		29,153
Deutsche Pfandbriefbank AG (D)	7,700		58,128
Deutz AG	7,260		26,409
DIC Asset AG	3,005		31,285
Dr. Hoenle AG	420		12,811
Draegerwerk AG & Company KGaA	82		6,019
Duerr AG	3,200		64,938
Eckert & Ziegler Strahlen- und Medizintechnik AG	402		62,435
Elmos Semiconductor AG	1,271		26,187
ElringKlinger AG (A)(B)	2,576		10,845
Fielmann AG	1,241		72,239
First Sensor AG	676		28,304
Freenet AG	6,277		109,825
FUCHS PETROLUB SE	1,085		34,669
GEA Group AG	6,434		132,912
Gerresheimer AG	1,930		121,703
Gesco AG	885		13,244
GFT Technologies SE	961		7,995
H&R GmbH & Company KGaA (A)	1,324		5,824
Hamburger Hafen und Logistik AG	1,330		18,428
Heidelberger Druckmaschinen AG (A)(B)	18,003		10,856
Hella GmbH & Company KGaA	2,112		60,573
Hornbach Baumarkt AG	921		15,145
HUGO BOSS AG	3,312		82,906
Hypoport AG (A)	73		20,904
Indus Holding AG	975		25,257
Isra Vision AG	561		30,674
Jenoptik AG	2,990		48,275
JOST Werke AG (D)	356		8,584
K+S AG (B)	10,944		62,967
KION Group AG	293		12,610
Kloeckner & Company SE	5,538		20,174
Koenig & Bauer AG	912		17,108
Krones AG	775		41,415
KWS Saat SE & Company KGaA	381		19,436
LANXESS AG	4,224		168,132
Leifheit AG (B)	437		9,340
Leoni AG (A)(B)	2,398		15,376
LPKF Laser & Electronics AG (A)	1,100		20,461
Manz AG (A)(B)	233		3,328
Medigene AG (A)	760		3,271
METRO AG	3,100		26,403
MLP SE	5,864		30,032
New Work SE	163		34,301
Nexus AG	866		26,505
Nordex SE (A)(B)	4,553		34,703
Norma Group SE	1,379		25,632
OHB SE	399		13,999
OSRAM Licht AG (A)(B)	4,525		200,633
Paragon GmbH & Company KGaA (B)	209		1,817
PATRIZIA AG	3,146		71,981
Pfeiffer Vacuum Technology AG	311		44,732
PNE AG	4,544		19,769
ProSiebenSat.1 Media SE	8,224		64,530
PSI Software AG	815		15,587

 

102

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
QSC AG	6,549	$	7,134
Rheinmetall AG	2,634		183,055
RHOEN-KLINIKUM AG	2,065		40,581
RIB Software SE (B)	2,883		90,319
Rocket Internet SE (A)(D)	4,038		80,536
SAF-Holland SE	4,007		16,040
Salzgitter AG (B)	1,978		23,271
Scout24 AG (D)	1,817		108,618
SGL Carbon SE (A)	1,013		2,726
Siltronic AG (B)	776		56,139
Sixt SE	694		36,720
SMA Solar Technology AG (A)	916		26,056
Software AG	2,120		63,184
STRATEC SE	407		31,372
Stroeer SE & Company KGaA	1,850		95,062
Suedzucker AG	3,535		50,521
SUESS MicroTec SE (A)	2,259		15,973
Surteco Group SE	496		10,369
TAG Immobilien AG (A)	6,907		135,837
Takkt AG	2,476		19,134
Technotrans SE	530		6,611
Tele Columbus AG (A)(D)	1,029		2,529
Traffic Systems SE	106		2,314
United Internet AG	628		18,261
VERBIO Vereinigte BioEnergie AG	1,482		13,336
Vossloh AG	859		29,463
Wacker Chemie AG	759		37,807
Wacker Neuson SE (B)	2,553		28,115
Washtec AG	611		24,178
Wuestenrot & Wuerttembergische AG	1,566		23,949
			4,533,834
Gibraltar - 0.0%
888 Holdings PLC	12,231		18,688
Greece - 0.0%
Alapis Holding Industrial & Commercial SA of Pharmaceutical Chemical Products (A)(C)	3,303		67
TT Hellenic Postbank SA (A)(C)	12,594		0
			67
Guernsey, Channel Islands - 0.0%
Raven Property Group, Ltd. (A)	5,498		2,141
Hong Kong - 2.5%
Agritrade Resources, Ltd.	130,000		3,000
Allied Group, Ltd.	6,000		27,162
Allied Properties HK, Ltd.	160,000		27,318
APAC Resources, Ltd.	15,396		1,698
Asia Financial Holdings, Ltd.	14,000		5,268
Associated International Hotels, Ltd.	28,000		61,034
BOE Varitronix, Ltd.	18,000		4,814
Bright Smart Securities & Commodities Group, Ltd. (B)	26,000		2,919
Brightoil Petroleum Holdings, Ltd. (A)(C)	117,000		13,016
Burwill Holdings, Ltd. (A)(C)	292,000		2,674
Cafe de Coral Holdings, Ltd.	18,000		29,403
Camsing International Holding, Ltd. (A)(C)	16,000		2,394
Chen Hsong Holdings	10,000		2,280
Cheuk Nang Holdings, Ltd.	3,498		1,178
China Energy Development Holdings, Ltd. (A)(B)	634,000		11,501
China Solar Energy Holdings, Ltd. (A)(C)	42,500		0
China Strategic Holdings, Ltd. (A)(B)	885,000		2,720

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Chinese Estates Holdings, Ltd.	22,000	$	9,890
Chong Hing Bank, Ltd.	10,000		13,416
Chow Sang Sang Holdings International, Ltd.	22,000		21,723
Chuang's Consortium International, Ltd.	30,948		4,331
CITIC Telecom International Holdings, Ltd.	59,000		19,468
CSI Properties, Ltd.	245,066		7,088
CST Group, Ltd. (A)	2,210,240		7,108
Dah Sing Banking Group, Ltd.	18,000		15,585
Dah Sing Financial Holdings, Ltd.	6,520		18,415
Dynamic Holdings, Ltd.	8,000		10,354
EganaGoldpfeil Holdings, Ltd. (A)(C)	103,373		0
Emperor Capital Group, Ltd. (A)	192,000		3,434
Emperor Entertainment Hotel, Ltd.	40,000		5,516
Emperor International Holdings, Ltd.	97,333		15,962
Esprit Holdings, Ltd. (A)	117,900		9,978
Fairwood Holdings, Ltd. (B)	3,500		6,629
Far East Consortium International, Ltd.	79,809		28,664
First Pacific Company, Ltd.	146,000		26,975
Get Nice Holdings, Ltd.	591,000		11,027
Giordano International, Ltd.	82,000		14,780
Global Brands Group Holding, Ltd. (A)	30,400		800
Gold-Finance Holdings, Ltd. (A)(C)	62,000		576
Great Eagle Holdings, Ltd.	10,000		26,162
G-Resources Group, Ltd. (A)	2,014,800		11,623
Guotai Junan International Holdings, Ltd. (B)	207,000		26,973
Haitong International Securities Group, Ltd.	114,070		28,910
Hang Fung Gold Technology, Ltd. (A)(C)	90,000		0
Hang Lung Group, Ltd.	12,000		25,080
Hanison Construction Holdings, Ltd.	27,441		3,984
Harbour Centre Development, Ltd.	38,000		40,049
HKBN, Ltd.	36,000		56,660
HKR International, Ltd.	51,920		19,844
Hong Kong Ferry Holdings Company, Ltd.	29,000		22,448
Hongkong Chinese, Ltd.	66,000		5,265
Hsin Chong Group Holdings, Ltd. (A)(C)	170,000		7,675
Hutchison Port Holdings Trust	161,400		16,601
Hutchison Telecommunications Hong Kong Holdings, Ltd.	80,000		13,109
Hysan Development Company, Ltd.	18,000		58,129
IT, Ltd.	44,601		7,652
Johnson Electric Holdings, Ltd.	20,500		32,112
Kerry Logistics Network, Ltd.	24,000		29,580
Kerry Properties, Ltd.	5,000		13,075
Kingston Financial Group, Ltd.	38,000		2,954
Kowloon Development Company, Ltd.	22,000		23,868
Lai Sun Development Company, Ltd.	15,320		16,406
Landing International Development, Ltd. (A)	75,600		2,397
Langham Hospitality Investments and Langham Hospitality Investments, Ltd.	22,500		4,016
Leyou Technologies Holdings, Ltd. (A)	40,000		11,697
Li & Fung, Ltd.	322,000		41,882
Lifestyle International Holdings, Ltd.	25,000		20,883
Lippo China Resources, Ltd.	36,000		840
Liu Chong Hing Investment, Ltd.	16,000		15,997
Luk Fook Holdings International, Ltd.	15,000		30,068
Man Wah Holdings, Ltd.	50,800		27,538
Mandarin Oriental International, Ltd.	8,000		10,210
Mason Group Holdings, Ltd.	1,548,800		5,561
Melco International Development, Ltd.	33,000		47,301

 

103

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Midland Holdings, Ltd. (A)	34,734	$	4,166
Miramar Hotel & Investment	15,000		24,294
Nameson Holdings, Ltd.	62,000		3,483
NewOcean Energy Holdings, Ltd. (A)(B)	66,000		9,729
OP Financial, Ltd.	32,000		4,555
Oshidori International Holdings, Ltd. (B)	204,000		16,710
Pacific Andes International Holdings, Ltd. (A)(C)	328,006		0
Pacific Basin Shipping, Ltd.	294,000		34,958
Pacific Textiles Holdings, Ltd.	42,000		20,105
Paliburg Holdings, Ltd.	46,000		12,800
Peace Mark Holdings, Ltd. (A)(C)	164,000		0
Perfect Shape Medical, Ltd.	32,000		7,671
Pico Far East Holdings, Ltd.	60,000		10,411
Playmates Holdings, Ltd.	78,000		9,618
Playmates Toys, Ltd. (A)	8,000		238
Polytec Asset Holdings, Ltd.	152,200		16,976
Public Financial Holdings, Ltd.	24,000		6,577
PYI Corp., Ltd. (A)	372,000		3,349
Regal Hotels International Holdings, Ltd.	36,000		14,354
Regina Miracle International Holdings, Ltd. (D)	17,000		7,413
Sa Sa International Holdings, Ltd. (B)	64,847		9,584
SEA Holdings, Ltd.	19,268		12,903
Shangri-La Asia, Ltd.	16,000		10,755
Shenwan Hongyuan HK, Ltd.	20,000		2,508
Shun Tak Holdings, Ltd.	80,250		27,131
Singamas Container Holdings, Ltd.	114,000		6,113
SITC International Holdings Company, Ltd.	64,000		59,572
Sitoy Group Holdings, Ltd.	14,000		832
SmarTone Telecommunications Holdings, Ltd.	31,500		18,388
SOCAM Development, Ltd. (A)	3,892		927
South China Holdings Company, Ltd. (A)	640,000		12,423
Stella International Holdings, Ltd.	20,000		21,007
Summit Ascent Holdings, Ltd. (A)	90,000		7,243
Sun Hung Kai & Company, Ltd.	45,000		16,851
SUNeVision Holdings, Ltd.	18,000		10,387
TAI Cheung Holdings, Ltd.	33,000		21,915
Tao Heung Holdings, Ltd.	14,000		1,782
Television Broadcasts, Ltd.	19,100		23,644
Texwinca Holdings, Ltd.	60,000		9,589
The Cross-Harbour Holdings, Ltd.	19,716		27,816
The Hongkong & Shanghai Hotels, Ltd.	31,500		25,075
The United Laboratories International Holdings, Ltd. (B)	42,000		33,530
TOM Group, Ltd. (A)	96,000		15,017
Town Health International Medical Group, Ltd. (B)(C)	261,361		12,212
Tradelink Electronic Commerce, Ltd.	50,000		6,740
Transport International Holdings, Ltd.	11,200		23,551
Trinity, Ltd. (A)	74,000		1,224
Upbest Group, Ltd.	164,000		18,883
Vitasoy International Holdings, Ltd.	6,000		18,056
VSTECS Holdings, Ltd. (B)	45,200		20,906
VTech Holdings, Ltd.	6,900		49,687
Wai Kee Holdings, Ltd.	24,000		11,602
We Solutions, Ltd. (A)(B)	56,000		2,987
Wing On Company International, Ltd.	4,000		9,704
Wing Tai Properties, Ltd.	70,000		42,192
YT Realty Group, Ltd. (B)	9,152		2,493
			1,959,283

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Ireland - 0.4%
Bank of Ireland Group PLC	2,249	$	4,192
C&C Group PLC	13,557		33,013
Cairn Homes PLC	9,684		7,257
FBD Holdings PLC	778		5,291
Glanbia PLC	5,573		60,653
Grafton Group PLC	14,783		96,747
Greencore Group PLC	23,830		48,663
Hostelworld Group PLC (D)	3,022		1,991
Irish Continental Group PLC	5,309		18,685
UDG Healthcare PLC	8,747		68,056
			344,548
Isle of Man - 0.0%
Hansard Global PLC	6,816		2,633
Playtech PLC	12,183		25,290
Strix Group PLC	6,042		12,279
			40,202
Israel - 1.4%
AFI Properties, Ltd. (A)	558		14,058
Airport City, Ltd. (A)	1		9
Allot, Ltd. (A)	2,103		20,398
Alrov Properties and Lodgings, Ltd.	399		10,908
Ashtrom Group, Ltd.	1,149		12,770
Ashtrom Properties, Ltd.	2,078		9,851
AudioCodes, Ltd.	1,955		49,681
Azorim-Investment Development & Construction Company, Ltd. (A)	3,848		6,287
Bayside Land Corp.	50		28,936
Bet Shemesh Engines Holdings 1997, Ltd.	358		8,905
Bezeq The Israeli Telecommunication Corp., Ltd. (A)	19,010		13,808
Big Shopping Centers, Ltd.	381		27,476
Blue Square Real Estate, Ltd.	215		8,497
Camtek, Ltd.	1,035		8,955
Cellcom Israel, Ltd. (A)	1,966		5,706
Cellcom Israel, Ltd. (New York Stock Exchange) (A)	825		2,401
Clal Insurance Enterprises Holdings, Ltd. (A)	1,967		16,222
Compugen, Ltd. (A)	1,251		9,057
Danel Adir Yeoshua, Ltd.	134		9,341
Delek Automotive Systems, Ltd.	1,858		7,212
Delek Group, Ltd.	92		2,408
Delta Galil Industries, Ltd.	618		9,523
El Al Israel Airlines (A)	24,289		4,758
Electra, Ltd.	139		57,853
Energix-Renewable Energies, Ltd. (A)	4,212		12,010
Enlight Renewable Energy, Ltd. (A)	13,397		13,356
Equital, Ltd. (A)	992		19,113
First International Bank of Israel, Ltd.	90		2,179
Formula Systems 1985, Ltd.	549		30,312
Fox Wizel, Ltd.	488		16,126
Gilat Satellite Networks, Ltd. (A)	1,452		10,721
Hadera Paper, Ltd. (A)	244		9,002
Harel Insurance Investments & Financial Services, Ltd.	3,059		16,556
Hilan, Ltd.	1,033		32,181
IDI Insurance Company, Ltd.	440		11,773
Inrom Construction Industries, Ltd.	2,183		7,510
Intercure, Ltd. (A)(B)	3,504		4,241
Israel Discount Bank, Ltd., Class A	1		2
Isras Investment Company, Ltd.	44		7,978
Kamada, Ltd. (A)	1,616		9,834
Magic Software Enterprises, Ltd.	1,349		10,756
Matrix IT, Ltd.	2,095		34,072

 

104

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Maytronics, Ltd.	1,808	$	11,304
Mediterranean Towers, Ltd. (A)	4,044		7,484
Mega Or Holdings, Ltd.	757		18,517
Mehadrin, Ltd. (A)	15		433
Menora Mivtachim Holdings, Ltd.	1,766		19,923
Migdal Insurance & Financial Holdings, Ltd.	27,734		14,415
Mivtach Shamir Holdings, Ltd.	397		7,334
Naphtha Israel Petroleum Corp., Ltd. (A)	2,030		7,137
Nova Measuring Instruments, Ltd. (A)	1,872		61,518
Oil Refineries, Ltd.	102,102		27,754
One Software Technologies, Ltd.	170		11,078
OPC Energy, Ltd.	1,332		9,284
Partner Communications Company, Ltd. (A)	6,688		24,983
Paz Oil Company, Ltd.	525		43,845
Plasson Industries, Ltd.	241		7,816
Plus500, Ltd.	2,945		38,955
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.	449		24,781
Scope Metals Group, Ltd.	377		6,181
Shapir Engineering and Industry, Ltd. (A)	7,076		45,405
Shikun & Binui, Ltd.	10,724		37,767
Shufersal, Ltd.	1,573		8,901
Summit Real Estate Holdings, Ltd.	2,363		21,342
The Phoenix Holdings, Ltd.	2,821		13,448
YH Dimri Construction & Development, Ltd.	285		7,979
			1,070,326
Italy - 4.1%
A2A SpA	88,577		109,282
ACEA SpA	3,476		55,171
Amplifon SpA	3,081		62,585
Anima Holding SpA (D)	9,128		24,257
Aquafil SpA (B)	969		3,543
Arnoldo Mondadori Editore SpA (A)	12,613		18,223
Ascopiave SpA (B)	7,647		28,302
Autogrill SpA	6,245		28,980
Avio SpA	877		10,867
Azimut Holding SpA	7,499		106,731
Banca Farmafactoring SpA (D)	8,151		41,893
Banca Generali SpA	3,249		67,513
Banca IFIS SpA	1,607		15,446
Banca Popolare di Sondrio SCPA	28,436		42,909
Banca Profilo SpA (B)	24,032		3,888
Banco BPM SpA (A)	97,273		125,480
BF SpA (A)(B)	1,608		6,300
Biesse SpA (B)	835		8,123
BPER Banca	26,394		80,316
Brunello Cucinelli SpA	1,411		42,726
Buzzi Unicem SpA	4,611		84,212
Cairo Communication SpA	4,712		8,153
Cementir Holding NV	4,165		22,409
Cerved Group SpA	10,299		61,051
CIR SpA-Compagnie Industriali	60,979		28,506
Credito Emiliano SpA	6,238		26,154
Credito Valtellinese SpA (A)	504,336		26,891
Danieli & C Officine Meccaniche SpA	788		9,518
Datalogic SpA	984		11,523
De' Longhi SpA	2,476		41,158
DeA Capital SpA (A)	4,665		5,677
DiaSorin SpA	292		38,490
doValue SpA (D)	812		4,975
El.En. SpA	617		10,774

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Enav SpA (D)	13,939	$	61,460
ERG SpA	2,242		39,966
Esprinet SpA	3,554		12,575
Eurotech SpA (A)	1,562		8,511
Falck Renewables SpA	9,073		46,886
Fincantieri SpA	18,635		11,268
FinecoBank Banca Fineco SpA	1,735		15,610
Freni Brembo SpA (B)	9,683		71,798
GEDI Gruppo Editoriale SpA (A)(B)	18,304		9,158
Geox SpA (B)	8,390		6,714
Gruppo MutuiOnline SpA	2,096		35,184
Hera SpA	45,093		163,141
Illimity Bank SpA (A)	3,232		21,998
IMA Industria Macchine Automatiche SpA	816		47,854
IMMSI SpA (A)	6,756		2,428
Interpump Group SpA	4,044		97,156
Iren SpA	30,720		76,548
Italgas SpA	28,535		156,126
Italmobiliare SpA	1,654		42,997
Juventus Football Club SpA (A)	30,558		26,493
La Doria SpA	1,205		11,569
Leonardo SpA	3,450		22,809
Maire Tecnimont SpA (B)	10,323		15,954
MARR SpA	1,645		23,324
Mediaset SpA (A)(B)	18,917		40,051
OVS SpA (A)(B)(D)	9,134		7,837
Piaggio & C SpA	11,658		20,598
Pirelli & C. SpA (B)(D)	7,409		26,140
Prima Industrie SpA (B)	178		2,504
Prysmian SpA (B)	4,127		65,524
RAI Way SpA (D)	5,678		30,440
Reno de Medici SpA	15,969		9,564
Reply SpA	832		50,584
Retelit SpA	7,126		11,517
SAES Getters SpA	213		4,287
Safilo Group SpA (A)	2,378		1,966
Saipem SpA (A)(B)	41,655		100,426
Salini Impregilo SpA (A)(B)	14,544		18,445
Salvatore Ferragamo SpA	2,944		39,125
Saras SpA	28,012		25,892
Sesa SpA	320		13,764
Societa Cattolica di Assicurazioni SC	11,261		55,723
Sogefi SpA (A)(B)	3,551		2,507
SOL SpA	2,802		30,546
Tamburi Investment Partners SpA	5,435		33,350
Technogym SpA (D)	3,895		25,413
Tinexta SpA	1,069		10,889
Tod's SpA	590		19,674
Unieuro SpA (B)(D)	707		4,794
Unione di Banche Italiane SpA	63,162		163,537
Unipol Gruppo SpA	23,441		79,940
Zignago Vetro SpA	1,669		20,038
			3,204,628
Japan - 26.8%
Access Company, Ltd.	2,300		18,886
Achilles Corp.	1,000		16,135
Adastria Company, Ltd.	920		10,500
ADEKA Corp.	4,700		58,519
Advan Company, Ltd.	1,000		10,059
Aeon Delight Company, Ltd.	800		24,379
Aeon Fantasy Company, Ltd. (B)	400		5,376
Aeria, Inc. (A)	700		3,445
Ai Holdings Corp.	1,900		23,394
Aica Kogyo Company, Ltd.	400		11,413

 

105

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Aichi Corp.	3,200	$	20,061
Aichi Steel Corp.	700		20,275
Aida Engineering, Ltd.	4,500		28,466
Aiful Corp. (A)	15,500		34,628
Aiphone Company, Ltd.	1,300		17,326
Airport Facilities Company, Ltd.	1,200		4,458
Aisan Industry Company, Ltd.	2,500		11,631
Aizawa Securities Company, Ltd. (B)	2,400		16,747
Akatsuki, Inc. (B)	400		13,345
Akebono Brake Industry Company, Ltd. (A)	9,400		13,482
Albis Company, Ltd.	500		9,534
Alconix Corp.	1,600		15,894
Alpen Company, Ltd.	1,100		16,306
Altech Corp.	1,100		14,827
Amano Corp.	1,300		28,564
Anest Iwata Corp.	1,800		16,534
AOI TYO Holdings, Inc.	1,200		4,795
AOKI Holdings, Inc.	3,100		20,760
Aoyama Trading Company, Ltd.	2,500		21,388
Arakawa Chemical Industries, Ltd.	1,400		15,478
Arata Corp.	700		29,930
Arcland Sakamoto Company, Ltd.	2,400		21,584
Arcland Service Holdings Company, Ltd.	1,000		13,389
Arcs Company, Ltd.	2,625		47,159
Arealink Company, Ltd.	500		3,239
Argo Graphics, Inc.	1,000		32,677
Arisawa Manufacturing Company, Ltd.	2,900		21,454
Arrk Corp. (A)	4,200		2,817
As One Corp.	400		35,331
Asahi Company, Ltd.	800		8,317
Asahi Diamond Industrial Company, Ltd.	3,900		16,728
Asahi Holdings, Inc.	1,800		37,741
ASAHI YUKIZAI Corp.	1,200		15,423
Asanuma Corp.	700		24,400
Asia Pile Holdings Corp.	3,300		12,220
ASKA Pharmaceutical Company, Ltd.	1,600		16,196
ASKUL Corp.	1,000		29,465
Ateam, Inc.	800		4,434
Atom Corp. (B)	5,000		39,474
Atrae, Inc. (A)(B)	700		16,583
Atsugi Company, Ltd.	1,200		6,969
Autobacs Seven Company, Ltd.	3,000		34,532
Avex, Inc.	2,500		19,726
Axell Corp.	100		582
Axial Retailing, Inc.	800		29,345
Bando Chemical Industries, Ltd.	2,500		14,509
Bank of the Ryukyus, Ltd.	3,000		29,384
BayCurrent Consulting, Inc.	900		42,177
Belc Company, Ltd.	500		26,592
Bell System24 Holdings, Inc.	2,400		24,904
Belluna Company, Ltd.	5,000		22,180
BeNEXT Group, Inc.	800		3,770
BML, Inc.	1,000		26,861
Bourbon Corp.	500		7,988
Broadleaf Company, Ltd.	4,600		19,974
BRONCO BILLY Company, Ltd.	600		12,071
Bunka Shutter Company, Ltd.	5,000		36,404
C Uyemura & Company, Ltd.	400		21,695
CAC Holdings Corp.	1,500		13,533
Can Do Company, Ltd.	900		14,036
Canon Electronics, Inc.	1,700		25,000
Carlit Holdings Company, Ltd.	2,100		9,001
Cawachi, Ltd.	900		19,751
Central Glass Company, Ltd.	2,800		48,413

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Central Security Patrols Company, Ltd.	300	$	10,783
Central Sports Company, Ltd.	600		12,687
Chilled & Frozen Logistics Holdings Company, Ltd.	1,600		18,353
Chino Corp.	400		4,531
Chiyoda Company, Ltd.	800		8,608
Chiyoda Integre Company, Ltd.	800		11,863
Chofu Seisakusho Company, Ltd.	1,700		39,961
Chori Company, Ltd.	1,200		17,036
Chubu Shiryo Company, Ltd.	2,000		26,689
Chudenko Corp.	1,900		38,611
Chuetsu Pulp & Paper Company, Ltd.	500		6,426
Chugai Ro Company, Ltd.	500		6,777
Chugoku Marine Paints, Ltd.	4,000		32,397
CI Takiron Corp.	3,000		16,570
Citizen Watch Company, Ltd.	16,000		56,452
Cleanup Corp.	2,100		10,324
CMIC Holdings Company, Ltd.	1,200		15,924
CMK Corp.	3,700		15,129
cocokara fine, Inc.	1,140		59,078
Colowide Company, Ltd. (B)	2,700		40,822
Computer Engineering & Consulting, Ltd.	1,800		22,712
Comture Corp. (B)	1,000		20,273
CONEXIO Corp.	1,300		16,266
Corona Corp.	300		2,675
Cosel Company, Ltd. (B)	1,200		10,880
Cosmo Energy Holdings Company, Ltd.	2,900		40,473
Cota Company, Ltd. (B)	440		5,010
Create Restaurants Holdings, Inc.	5,000		29,263
Create SD Holdings Company, Ltd.	900		22,514
CTS Company, Ltd.	1,900		9,586
Curves Holdings Company, Ltd. (A)	2,000		9,542
Cybozu, Inc.	900		15,782
Dai Nippon Toryo Company, Ltd. (B)	1,200		8,767
Daibiru Corp.	3,400		28,008
Dai-Dan Company, Ltd.	1,000		26,853
Daido Metal Company, Ltd.	1,900		9,437
Daido Steel Company, Ltd. (B)	800		25,654
Daidoh, Ltd. (B)	2,000		3,746
Daihen Corp.	1,400		37,380
Daiho Corp.	1,200		25,002
Daiichi Jitsugyo Company, Ltd.	400		12,639
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	1,800		12,467
Dai-ichi Seiko Company, Ltd.	500		8,867
Daiken Corp.	1,000		15,562
Daiken Medical Company, Ltd.	400		2,423
Daiki Aluminium Industry Company, Ltd.	3,000		15,965
Daikoku Denki Company, Ltd.	800		9,086
Daikokutenbussan Company, Ltd.	300		8,464
Daikyonishikawa Corp.	1,900		8,667
Dainichiseika Color & Chemicals Manufacturing Company, Ltd.	1,000		21,750
Daiseki Company, Ltd.	1,800		38,114
Daishi Hokuetsu Financial Group, Inc.	2,700		58,676
Daito Pharmaceutical Company, Ltd.	700		19,159
Daiwa Industries, Ltd.	2,000		17,316
Daiwabo Holdings Company, Ltd.	800		38,263
DCM Holdings Company, Ltd.	6,500		60,122
Denki Kogyo Company, Ltd.	1,000		22,913
Densan System Company, Ltd.	700		13,818
Denyo Company, Ltd.	900		15,965
Descente, Ltd. (A)	2,300		26,919

 

106

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Dexerials Corp.	3,500	$	22,422
Digital Arts, Inc.	400		17,257
Digital Hearts Holdings Company, Ltd. (B)	900		6,066
Dip Corp.	1,900		30,517
DKS Company, Ltd. (B)	400		13,797
DMG Mori Company, Ltd. (B)	4,600		38,149
Doshisha Company, Ltd.	1,700		20,099
Doutor Nichires Holdings Company, Ltd.	2,300		34,896
Dowa Holdings Company, Ltd.	1,000		26,108
DTS Corp.	1,800		31,253
Duskin Company, Ltd.	2,100		55,243
DyDo Group Holdings, Inc. (B)	700		23,627
Eagle Industry Company, Ltd.	2,200		13,674
Earth Corp.	500		26,467
EDION Corp. (B)	5,000		41,245
eGuarantee, Inc.	2,400		35,000
E-Guardian, Inc.	900		12,917
Eiken Chemical Company, Ltd.	1,800		32,863
Eizo Corp.	800		23,373
Elan Corp.	1,400		18,645
Elecom Company, Ltd.	800		27,757
Elematec Corp.	1,400		9,945
EM Systems Company, Ltd.	2,000		16,642
Enigmo, Inc.	2,400		18,311
en-japan, Inc.	800		14,863
Enplas Corp.	1,100		21,439
EPS Holdings, Inc.	1,800		18,727
eRex Company, Ltd.	1,900		21,565
ES-Con Japan, Ltd.	3,800		20,859
ESPEC Corp.	1,600		24,193
Exedy Corp.	1,900		27,964
F@N Communications, Inc.	2,000		7,725
FCC Company, Ltd.	2,200		31,941
Feed One Company, Ltd.	15,040		20,984
Ferrotec Holdings Corp.	2,600		13,110
FIDEA Holdings Company, Ltd.	21,400		20,231
Fields Corp.	1,500		3,928
Financial Products Group Company, Ltd.	1,600		8,078
Fixstars Corp.	2,000		18,829
Foster Electric Company, Ltd.	2,100		21,465
France Bed Holdings Company, Ltd.	2,200		18,555
Fudo Tetra Corp.	1,080		12,776
Fuji Company, Ltd.	1,400		23,284
Fuji Corp.	2,900		43,923
Fuji Corp., Ltd.	1,300		6,189
Fuji Oil Company, Ltd.	4,400		7,685
Fuji Pharma Company, Ltd.	1,400		15,710
Fuji Seal International, Inc.	2,100		37,000
Fuji Soft, Inc.	800		25,683
Fujibo Holdings, Inc.	700		18,625
Fujicco Company, Ltd.	1,500		26,993
Fujikura Kasei Company, Ltd.	2,000		9,054
Fujikura, Ltd.	15,600		44,739
Fujimori Kogyo Company, Ltd.	1,100		29,639
Fujisash Company, Ltd.	4,900		3,072
Fujita Kanko, Inc. (B)	300		4,322
Fujitec Company, Ltd.	1,400		17,901
Fujitsu Frontech, Ltd.	600		5,626
Fujitsu General, Ltd.	1,600		28,797
Fujiya Company, Ltd.	500		9,539
Fukuda Corp.	200		7,786
Fukushima Galilei Company, Ltd.	500		15,622
Fukuyama Transporting Company, Ltd.	300		10,675
FULLCAST Holdings Company, Ltd.	1,000		11,437

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Funai Electric Company, Ltd. (A)	700	$	3,116
Funai Soken Holdings, Inc.	1,800		35,569
Furukawa Company, Ltd.	1,900		18,546
Furukawa Electric Company, Ltd.	1,300		23,424
Furuno Electric Company, Ltd.	2,400		18,604
Fuso Chemical Company, Ltd.	1,000		28,042
Fuso Pharmaceutical Industries, Ltd.	500		9,675
Futaba Corp.	1,600		15,510
Futaba Industrial Company, Ltd.	3,400		14,238
Future Corp.	1,200		15,509
Fuyo General Lease Company, Ltd.	900		45,564
Gakken Holdings Company, Ltd.	1,600		27,237
GCA Corp.	1,900		9,878
Gecoss Corp.	400		2,895
Genki Sushi Company, Ltd. (B)	500		10,263
Genky DrugStores Company, Ltd.	700		13,362
Geo Holdings Corp. (B)	2,700		32,686
Giken, Ltd.	700		22,790
GLOBERIDE, Inc.	1,000		17,243
Glory, Ltd.	1,600		36,762
Goldcrest Company, Ltd. (B)	990		14,881
Gree, Inc.	6,100		23,513
GS Yuasa Corp.	3,000		40,148
G-Tekt Corp.	1,200		12,209
Gun-Ei Chemical Industry Company, Ltd.	400		9,130
Gunze, Ltd.	800		26,813
Gurunavi, Inc.	1,400		7,164
H2O Retailing Corp.	4,900		35,735
Hagihara Industries, Inc.	800		10,429
Hagiwara Electric Holdings Company, Ltd.	500		10,137
Hakuto Company, Ltd.	1,300		11,608
Halows Company, Ltd.	600		15,137
Hamakyorex Company, Ltd.	1,000		24,283
Hanwa Company, Ltd.	2,400		37,161
Happinet Corp.	1,000		10,110
Hazama Ando Corp.	10,090		63,958
Heiwa Corp. (B)	600		11,207
Heiwa Real Estate Company, Ltd.	1,500		38,752
Heiwado Company, Ltd.	2,000		35,199
Hibiya Engineering, Ltd.	1,500		26,804
Hiday Hidaka Corp.	1,432		20,165
HI-LEX Corp.	600		6,820
Hinokiya Group Company, Ltd.	300		4,073
Hioki EE Corp.	500		14,191
Hirano Tecseed Company, Ltd. (B)	1,100		10,962
Hiroshima Gas Company, Ltd. (B)	4,900		16,251
HIS Company, Ltd. (B)	1,400		18,255
Hisaka Works, Ltd.	2,000		13,543
Hitachi Zosen Corp.	11,700		37,382
Hochiki Corp.	600		7,563
Hodogaya Chemical Company, Ltd.	700		19,828
Hogy Medical Company, Ltd.	800		24,991
Hokkaido Electric Power Company, Inc.	11,100		47,931
Hokkaido Gas Company, Ltd.	600		8,580
Hokkan Holdings, Ltd.	1,000		14,256
Hokuetsu Corp.	7,900		29,497
Hokuetsu Industries Company, Ltd.	2,000		19,881
Hokuhoku Financial Group, Inc.	5,900		52,540
Hokuriku Electric Power Company	9,400		65,766
Hokuto Corp.	1,600		27,946
H-One Company, Ltd.	1,000		4,590
Honeys Holdings Company, Ltd.	1,350		13,531
Hoosiers Holdings	5,000		27,573

 

107

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Hosiden Corp.	3,900	$	27,082
Hosokawa Micron Corp.	500		22,047
Ichibanya Company, Ltd.	300		12,416
Ichigo, Inc.	9,100		21,024
Ichikoh Industries, Ltd.	2,300		10,156
Ichinen Holdings Company, Ltd.	1,900		20,168
Ichiyoshi Securities Company, Ltd.	2,800		11,542
Icom, Inc.	500		11,774
Idec Corp.	1,600		20,149
IDOM, Inc.	3,900		14,164
Iino Kaiun Kaisha, Ltd.	7,300		20,849
IJTT Company, Ltd.	1,200		4,618
Ikegami Tsushinki Company, Ltd.	400		3,100
Imasen Electric Industrial	1,700		10,241
Imuraya Group Company, Ltd.	300		5,010
Inaba Denki Sangyo Company, Ltd.	3,200		67,989
Inaba Seisakusho Company, Ltd.	200		2,361
Inabata & Company, Ltd.	3,000		32,556
Infocom Corp.	1,000		22,848
Infomart Corp.	3,800		25,007
Information Services International-Dentsu, Ltd.	400		14,533
Intage Holdings, Inc.	3,100		22,945
Internet Initiative Japan, Inc.	1,300		42,671
Inui Global Logistics Company, Ltd.	875		10,046
Iriso Electronics Company, Ltd.	1,000		29,255
Iseki & Company, Ltd.	1,200		12,532
Ishihara Sangyo Kaisha, Ltd.	2,100		10,625
Itfor, Inc.	1,000		5,210
Itochu Enex Company, Ltd.	3,800		29,530
Itochu-Shokuhin Company, Ltd.	600		24,277
Itoham Yonekyu Holdings, Inc.	3,800		22,359
Itoki Corp.	2,100		6,151
IwaiCosmo Holdings, Inc.	900		7,824
Iwatani Corp. (B)	2,300		77,011
J Trust Company, Ltd.	4,900		10,185
JAC Recruitment Company, Ltd.	1,200		11,213
Jaccs Company, Ltd.	1,600		27,133
Jafco Company, Ltd.	1,400		36,398
Jalux, Inc. (B)	500		6,958
Jamco Corp.	500		3,235
Janome Sewing Machine Company, Ltd.	1,200		3,241
Japan Asset Marketing Company, Ltd. (A)	14,200		11,210
Japan Aviation Electronics Industry, Ltd.	3,000		35,899
Japan Best Rescue System Company, Ltd. (B)	1,800		10,131
Japan Cash Machine Company, Ltd.	700		3,495
Japan Display, Inc. (A)(B)	45,300		20,382
Japan Elevator Service Holdings Company, Ltd. (B)	1,100		25,158
Japan Investment Adviser Company, Ltd.	1,000		5,755
Japan Lifeline Company, Ltd.	2,600		32,579
Japan Material Company, Ltd.	2,200		28,632
Japan Medical Dynamic Marketing, Inc. (B)	900		13,587
Japan Petroleum Exploration Company, Ltd.	2,000		32,777
Japan Property Management Center Company, Ltd.	800		7,883
Japan Pulp & Paper Company, Ltd.	600		20,881
Japan Securities Finance Company, Ltd.	8,000		36,498
Japan Transcity Corp.	5,000		21,541
Jastec Company, Ltd.	400		3,619
JBCC Holdings, Inc.	1,900		29,270

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
JCU Corp.	1,300	$	26,866
Jeol, Ltd.	2,000		48,350
Jimoto Holdings, Inc.	9,800		8,237
JINS Holdings, Inc.	400		21,904
JM Holdings Company, Ltd.	600		12,255
JMS Company, Ltd.	500		4,030
J-Oil Mills, Inc.	600		25,349
Joshin Denki Company, Ltd.	1,100		21,098
Joyful Honda Company, Ltd.	1,000		11,489
JSP Corp. (B)	800		10,368
Juki Corp.	1,400		7,060
JVCKenwood Corp.	9,070		16,303
K&O Energy Group, Inc.	800		11,061
Kadokawa Corp.	3,636		45,630
Kaga Electronics Company, Ltd.	1,100		17,218
Kakiyasu Honten Company, Ltd.	800		17,012
Kameda Seika Company, Ltd.	700		32,050
Kamei Corp.	2,000		18,708
Kanaden Corp.	1,100		12,727
Kanagawa Chuo Kotsu Company, Ltd.	700		25,903
Kanamoto Company, Ltd.	1,900		36,766
Kandenko Company, Ltd.	2,700		21,458
Kanematsu Corp.	3,500		35,683
Kanematsu Electronics, Ltd.	700		21,927
Kanto Denka Kogyo Company, Ltd.	2,000		14,237
Kappa Create Company, Ltd. (A)	1,000		12,371
Kasai Kogyo Company, Ltd.	1,000		4,873
Katakura Industries Company, Ltd.	1,700		16,669
Kato Sangyo Company, Ltd.	1,100		34,593
Kato Works Company, Ltd.	400		4,356
KAWADA TECHNOLOGIES, Inc.	200		9,995
Kawasaki Kisen Kaisha, Ltd. (A)(B)	1,100		8,177
Keihanshin Building Company, Ltd.	2,700		33,370
Keihin Corp.	2,000		46,788
Keiyo Company, Ltd.	3,400		15,537
Kenedix, Inc.	10,800		40,989
Kenko Mayonnaise Company, Ltd.	900		16,924
KFC Holdings Japan, Ltd.	600		12,786
KH Neochem Company, Ltd.	900		12,642
Kimoto Company, Ltd.	3,000		3,679
Kintetsu Department Store Company, Ltd.	400		9,310
Kintetsu World Express, Inc.	2,600		37,985
Kissei Pharmaceutical Company, Ltd.	1,100		28,201
Kitanotatsujin Corp.	3,300		16,027
Kito Corp.	1,800		16,534
Kitz Corp.	4,600		27,649
KLab, Inc. (A)	2,100		13,148
Koa Corp.	1,700		13,927
Koatsu Gas Kogyo Company, Ltd.	3,000		19,913
Kobe Electric Railway Company, Ltd. (A)	300		10,677
Kobe Steel, Ltd. (A)	11,100		34,140
Kohnan Shoji Company, Ltd.	1,800		36,455
Kojima Company, Ltd.	3,000		9,443
Kokuyo Company, Ltd.	1,200		16,707
Komatsu Matere Company, Ltd.	2,000		13,612
KOMEDA Holdings Company, Ltd.	2,600		40,046
Komeri Company, Ltd.	1,500		26,790
Komori Corp.	3,700		25,028
Kondotec, Inc.	1,300		11,133
Konishi Company, Ltd.	2,200		29,083
Konoike Transport Company, Ltd.	2,600		27,733
Koshidaka Holdings Company, Ltd.	2,000		6,775
Kotobuki Spirits Company, Ltd.	500		22,457

 

108

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Kourakuen Holdings Corp.	1,100	$	13,811
Krosaki Harima Corp.	400		15,065
Kumagai Gumi Company, Ltd.	1,800		41,429
Kura Sushi, Inc.	500		18,654
Kurabo Industries, Ltd.	1,600		38,141
Kureha Corp.	1,100		44,603
Kurimoto, Ltd.	1,000		17,460
KYB Corp. (A)	1,600		30,517
Kyodo Printing Company, Ltd.	500		12,564
Kyoei Steel, Ltd.	1,800		20,676
Kyokuto Kaihatsu Kogyo Company, Ltd.	2,300		25,010
Kyokuto Securities Company, Ltd.	2,300		12,411
Kyokuyo Company, Ltd.	700		16,492
KYORIN Holdings, Inc.	1,900		38,799
Kyoritsu Maintenance Company, Ltd. (B)	1,060		23,325
Kyosan Electric Manufacturing Company, Ltd.	2,000		8,558
Kyushu Financial Group, Inc. (B)	6,300		23,988
LAC Company, Ltd.	1,400		9,700
Lacto Japan Company, Ltd.	800		24,590
LEC, Inc. (B)	1,600		15,942
Life Corp.	1,200		33,011
LIFULL Company, Ltd.	3,800		10,660
Link And Motivation, Inc.	2,300		6,497
Lintec Corp.	1,900		39,764
LIXIL VIVA Corp.	1,600		27,150
M&A Capital Partners Company, Ltd. (A)	600		14,288
Macnica Fuji Electronics Holdings, Inc.	3,250		39,928
Macromill, Inc.	2,300		13,235
Maeda Corp.	2,800		20,565
Maeda Kosen Company, Ltd.	1,100		20,779
Maeda Road Construction Company, Ltd.	600		11,199
Maezawa Kasei Industries Company, Ltd.	1,100		10,106
Maezawa Kyuso Industries Company, Ltd.	900		15,935
Makino Milling Machine Company, Ltd.	1,200		31,415
MarkLines Company, Ltd.	1,000		15,010
Mars Group Holdings Corp.	700		11,115
Marubun Corp.	200		877
Marudai Food Company, Ltd.	1,600		28,882
Maruha Nichiro Corp.	1,500		31,301
Marusan Securities Company, Ltd.	4,700		19,741
Maruwa Company, Ltd.	600		36,318
Maruwa Unyu Kikan Company, Ltd. (B)	1,200		27,040
Maruzen Company, Ltd.	800		13,399
Maruzen Showa Unyu Company, Ltd.	800		17,596
Marvelous, Inc.	1,400		6,933
Matsuda Sangyo Company, Ltd.	1,400		16,390
Matsuyafoods Holdings Company, Ltd. (B)	700		25,494
Max Company, Ltd.	2,000		30,521
Maxell Holdings, Ltd.	2,200		21,569
Maxvalu Tokai Company, Ltd.	1,100		19,626
MCJ Company, Ltd.	3,200		17,583
MEC Company, Ltd.	1,500		20,715
Medical Data Vision Company, Ltd. (A)	1,700		10,336
Megachips Corp.	2,000		28,525
Megmilk Snow Brand Company, Ltd.	1,800		40,885
Meidensha Corp.	1,800		26,810
Meiko Electronics Company, Ltd.	1,200		14,681
Meiko Network Japan Company, Ltd.	1,100		7,744
Meisei Industrial Company, Ltd.	3,000		20,313
Meitec Corp.	1,300		51,554

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Meito Sangyo Company, Ltd.	900	$	11,179
Menicon Company, Ltd.	1,200		53,545
METAWATER Company, Ltd.	800		28,520
Mie Kotsu Group Holdings, Inc.	3,700		17,395
Milbon Company, Ltd.	812		40,889
Mimasu Semiconductor Industry Company, Ltd.	1,400		22,710
Ministop Company, Ltd.	1,100		14,839
Miraca Holdings, Inc.	3,000		63,219
Mirait Holdings Corp.	4,240		52,640
Miroku Jyoho Service Company, Ltd. (B)	700		15,403
Mitani Corp.	500		24,887
Mitani Sekisan Company, Ltd.	600		25,418
Mito Securities Company, Ltd. (B)	6,300		11,080
Mitsuba Corp. (A)	2,300		8,875
Mitsubishi Logisnext Company, Ltd.	1,000		8,030
Mitsubishi Paper Mills, Ltd.	2,600		8,492
Mitsubishi Pencil Company, Ltd.	600		7,876
Mitsubishi Research Institute, Inc.	500		15,206
Mitsubishi Shokuhin Company, Ltd.	200		5,120
Mitsubishi Steel Manufacturing Company, Ltd.	1,000		7,340
Mitsuboshi Belting, Ltd.	1,000		11,165
Mitsui E&S Holdings Company, Ltd. (A)(B)	4,600		22,093
Mitsui High-Tec, Inc.	900		9,337
Mitsui Matsushima Holdings Company, Ltd.	1,000		8,112
Mitsui Mining & Smelting Company, Ltd. (B)	2,500		41,515
Mitsui Sugar Company, Ltd.	1,000		19,227
Mitsui-Soko Holdings Company, Ltd.	2,200		28,356
Mitsuuroko Group Holdings Company, Ltd.	3,200		33,467
Mixi, Inc.	1,800		26,176
Mizuho Leasing Company, Ltd.	1,900		37,069
Mizuno Corp.	1,400		24,173
Modec, Inc.	1,700		20,409
Monex Group, Inc.	10,400		16,389
Morinaga Milk Industry Company, Ltd.	1,700		65,572
Morita Holdings Corp.	2,200		33,679
MrMax Holdings, Ltd. (B)	1,700		5,311
Musashi Seimitsu Industry Company, Ltd.	2,600		19,885
N Field Company, Ltd.	1,300		4,482
Nachi-Fujikoshi Corp.	600		16,057
Nagase & Company, Ltd.	3,600		42,311
Nagatanien Holdings Company, Ltd.	1,000		20,567
Nagawa Company, Ltd.	600		37,961
Nakamuraya Company, Ltd.	300		10,947
Nakanishi, Inc.	1,300		17,218
Nakayama Steel Works, Ltd.	1,100		4,076
Namura Shipbuilding Company, Ltd.	3,252		6,085
NEC Capital Solutions, Ltd.	800		13,596
NEC Networks & System Integration Corp.	1,500		60,804
Neturen Company, Ltd. (B)	2,300		14,936
Nextage Company, Ltd.	2,300		14,966
NHK Spring Company, Ltd.	2,800		18,264
Nice Corp. (A)	600		5,104
Nichias Corp.	2,400		44,534
Nichiban Company, Ltd.	700		9,670
Nichicon Corp.	3,400		21,122
Nichiden Corp.	600		11,789
Nichiha Corp.	1,600		30,232

 

109

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
NichiiGakkan Company, Ltd.	2,700	$	25,736
Nichi-iko Pharmaceutical Company, Ltd.	3,100		41,041
Nichireki Company, Ltd.	2,000		24,021
Nichirin Company, Ltd.	1,040		12,100
Nihon Chouzai Company, Ltd.	800		12,250
Nihon Dempa Kogyo Company, Ltd. (A)	1,800		5,583
Nihon Flush Company, Ltd.	1,000		8,742
Nihon House Holdings Company, Ltd.	1,000		2,702
Nihon Kagaku Sangyo Company, Ltd. (B)	1,000		8,584
Nihon Nohyaku Company, Ltd. (B)	4,000		15,428
Nihon Parkerizing Company, Ltd.	3,900		40,229
Nihon Tokushu Toryo Company, Ltd.	1,000		7,279
Nikkiso Company, Ltd.	2,100		15,493
Nikkon Holdings Company, Ltd.	2,900		56,543
Nippon Air Conditioning Services Company, Ltd.	1,600		10,015
Nippon Beet Sugar Manufacturing Company, Ltd.	900		14,325
Nippon Carbon Company, Ltd.	500		14,807
Nippon Chemical Industrial Company, Ltd.	700		14,280
Nippon Chemi-Con Corp.	1,100		11,987
Nippon Coke & Engineering Company, Ltd.	18,000		10,205
Nippon Concrete Industries Company, Ltd.	2,600		6,448
Nippon Denko Company, Ltd. (A)(B)	6,530		9,027
Nippon Densetsu Kogyo Company, Ltd.	2,100		40,789
Nippon Electric Glass Company, Ltd.	1,500		19,976
Nippon Fine Chemical Company, Ltd.	800		11,067
Nippon Flour Mills Company, Ltd.	2,700		42,167
Nippon Gas Company, Ltd.	1,800		59,375
Nippon Hume Corp.	2,000		11,475
Nippon Kodoshi Corp. (B)	800		6,647
Nippon Koei Company, Ltd.	1,000		27,187
Nippon Koshuha Steel Company, Ltd. (A)	800		2,743
Nippon Light Metal Holdings Company, Ltd.	28,200		43,907
Nippon Paper Industries Company, Ltd. (B)	900		12,796
Nippon Parking Development Company, Ltd.	8,400		10,457
Nippon Pillar Packing Company, Ltd.	1,500		17,377
Nippon Seiki Company, Ltd.	3,000		31,949
Nippon Sharyo, Ltd. (A)	600		15,146
Nippon Sheet Glass Company, Ltd. (A)(B)	5,800		17,720
Nippon Signal Company, Ltd.	3,000		29,216
Nippon Soda Company, Ltd. (B)	1,600		39,680
Nippon Steel Trading Corp.	972		32,769
Nippon Suisan Kaisha, Ltd.	10,700		47,088
Nippon Thompson Company, Ltd.	4,700		15,853
Nippon Yakin Kogyo Company, Ltd.	1,000		15,478
Nipro Corp.	4,100		48,228
Nishikawa Rubber Company, Ltd.	800		8,998
Nishimatsu Construction Company, Ltd. (B)	3,200		61,096
Nishimatsuya Chain Company, Ltd.	2,900		20,009
Nishi-Nippon Financial Holdings, Inc.	7,000		39,268
Nishi-Nippon Railroad Company, Ltd.	1,100		27,011
Nishio Rent All Company, Ltd.	800		16,717
Nissan Shatai Company, Ltd.	3,400		29,521
Nissei ASB Machine Company, Ltd.	500		14,449

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nissei Plastic Industrial Company, Ltd.	1,600	$	13,611
Nissha Company, Ltd.	2,300		15,194
Nisshinbo Holdings, Inc.	10,768		71,284
Nissin Corp.	1,400		20,570
Nissin Electric Company, Ltd.	3,400		28,909
Nissin Kogyo Company, Ltd.	2,100		42,829
Nissin Sugar Company, Ltd.	1,100		20,416
Nitta Corp.	1,300		25,218
Nittan Valve Company, Ltd.	1,200		2,234
Nittetsu Mining Company, Ltd.	300		11,744
Nitto Kogyo Corp.	1,600		25,411
Nitto Kohki Company, Ltd.	1,000		15,716
Nitto Seiko Company, Ltd.	1,700		8,232
Nohmi Bosai, Ltd.	1,300		23,984
Nojima Corp.	1,600		26,301
Nomura Company, Ltd.	3,000		22,707
Noritake Company, Ltd.	700		22,106
Noritsu Koki Company, Ltd.	1,000		8,504
Noritz Corp.	2,100		22,896
North Pacific Bank, Ltd.	20,300		38,215
NS Tool Company, Ltd. (B)	400		8,948
NS United Kaiun Kaisha, Ltd.	800		10,243
NSD Company, Ltd.	3,000		39,983
NTN Corp. (B)	18,400		31,795
Obara Group, Inc.	600		12,756
Ohsho Food Service Corp.	700		37,423
Oiles Corp. (B)	1,380		17,363
Oisix ra daichi, Inc. (A)	1,200		16,413
Okabe Company, Ltd.	2,600		17,359
Okamoto Industries, Inc.	600		21,454
Okamura Corp.	3,700		29,505
Okasan Securities Group, Inc.	7,000		22,074
Oki Electric Industry Company, Ltd.	4,700		43,936
Okinawa Cellular Telephone Company	400		13,322
OKUMA Corp.	700		22,447
Okumura Corp.	1,600		33,082
Okura Industrial Company, Ltd.	800		11,701
Okuwa Company, Ltd.	1,000		16,023
Onoken Company, Ltd.	1,500		15,665
Onward Holdings Company, Ltd.	7,100		31,205
Open Door, Inc. (A)	600		4,062
Optex Group Company, Ltd.	1,400		12,864
Organo Corp.	600		30,343
Origin Company, Ltd.	600		7,879
Osaka Organic Chemical Industry, Ltd.	1,400		19,319
Osaka Soda Company, Ltd.	800		18,945
Osaka Steel Company, Ltd.	700		7,453
OSAKA Titanium Technologies Company, Ltd. (B)	800		6,909
Osaki Electric Company, Ltd.	3,000		14,777
OSG Corp.	2,400		31,825
OSJB Holdings Corp.	7,600		16,785
Outsourcing, Inc.	4,500		19,434
Oyo Corp.	1,300		14,696
Pacific Industrial Company, Ltd.	3,000		25,957
Pacific Metals Company, Ltd.	1,100		15,874
PAL GROUP Holdings Company, Ltd.	1,400		17,005
Paramount Bed Holdings Company, Ltd.	800		33,069
Paris Miki Holdings, Inc.	1,100		2,515
PC Depot Corp. (B)	1,700		6,718
Penta-Ocean Construction Company, Ltd.	13,900		72,779
Pepper Food Service Company, Ltd. (B)	600		2,422
PIA Corp.	200		4,137
Pilot Corp.	700		23,170
Piolax, Inc.	2,100		29,262

 

110

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Poletowin Pitcrew Holdings, Inc.	2,000	$	14,272
Press Kogyo Company, Ltd.	7,000		15,588
Pressance Corp. (B)	1,800		15,840
Prestige International, Inc.	5,000		38,158
Prima Meat Packers, Ltd.	2,000		45,278
Pronexus, Inc.	600		5,757
Prospect Company, Ltd.	33,000		7,371
Proto Corp.	400		3,175
PS Mitsubishi Construction Company, Ltd.	2,600		12,227
Punch Industry Company, Ltd.	1,300		4,892
Qol Holdings Company, Ltd.	1,400		17,107
Raito Kogyo Company, Ltd.	3,100		35,052
Raiznext Corp.	3,300		37,179
Rakus Company, Ltd.	2,200		32,596
Raysum Company, Ltd.	1,600		9,783
Relia, Inc.	2,100		20,333
Renaissance, Inc.	500		4,640
Resorttrust, Inc.	3,700		36,136
Restar Holdings Corp.	1,600		22,129
Retail Partners Company, Ltd.	300		1,759
Rheon Automatic Machinery Company, Ltd.	1,500		16,384
Ricoh Leasing Company, Ltd.	800		20,998
Riken Corp.	600		15,195
Riken Keiki Company, Ltd.	1,300		24,429
Riken Technos Corp.	3,000		10,665
Riken Vitamin Company, Ltd.	1,400		28,437
Ringer Hut Company, Ltd.	1,700		32,601
Riso Kagaku Corp.	500		7,545
Riso Kyoiku Company, Ltd.	9,300		24,649
Rock Field Company, Ltd.	1,000		13,587
Rokko Butter Company, Ltd.	600		7,579
Roland DG Corp.	900		9,691
Rorze Corp.	900		25,575
Round One Corp.	4,100		21,324
Royal Holdings Company, Ltd. (B)	900		14,645
RS Technologies Company, Ltd.	400		7,750
Ryobi, Ltd.	1,400		17,070
Ryoden Corp.	1,500		17,931
Ryosan Company, Ltd.	1,500		32,998
Ryoyo Electro Corp.	1,600		30,466
S Foods, Inc.	500		10,328
S&B Foods, Inc.	600		22,826
Sac's Bar Holdings, Inc.	600		3,411
Saibu Gas Company, Ltd.	1,900		45,911
Saizeriya Company, Ltd.	1,100		20,754
Sakai Chemical Industry Company, Ltd.	1,400		23,131
Sakai Moving Service Company, Ltd.	500		26,490
Sakata INX Corp.	3,100		25,932
Sala Corp.	3,000		15,432
SAMTY Company, Ltd.	1,600		17,730
San ju San Financial Group, Inc.	1,700		23,489
San-A Company, Ltd.	600		24,961
San-Ai Oil Company, Ltd.	3,500		36,283
Sanden Holdings Corp. (A)(B)	1,400		4,647
Sangetsu Corp.	2,100		31,083
Sanken Electric Company, Ltd.	1,400		27,126
Sanki Engineering Company, Ltd.	2,000		22,391
Sankyo Seiko Company, Ltd.	3,200		14,596
Sankyo Tateyama, Inc.	2,500		23,849
Sanoh Industrial Company, Ltd.	2,600		16,391
Sanyo Chemical Industries, Ltd.	600		21,868
Sanyo Denki Company, Ltd.	400		15,957
Sanyo Electric Railway Company, Ltd.	1,600		29,830

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Sanyo Shokai, Ltd.	700	$	8,771
Sanyo Special Steel Company, Ltd. (B)	1,400		12,508
Sapporo Holdings, Ltd.	2,700		49,660
Sato Holdings Corp.	1,700		33,164
Sawada Holdings Company, Ltd.	1,000		8,349
SBS Holdings, Inc.	2,200		35,521
Seika Corp.	500		5,010
Seikagaku Corp.	1,700		17,645
Seikitokyu Kogyo Company, Ltd.	1,600		12,071
Seiko Holdings Corp.	1,400		22,447
Seiren Company, Ltd.	2,700		32,339
Sekisui Jushi Corp.	1,600		29,166
Sekisui Plastics Company, Ltd.	2,500		12,917
Senko Group Holdings Company, Ltd.	4,700		36,359
Senshu Electric Company, Ltd.	500		11,159
Senshu Ikeda Holdings, Inc.	17,200		25,930
Senshukai Company, Ltd.	3,300		10,891
SFP Holdings Company, Ltd.	600		7,690
Shibaura Electronics Company, Ltd.	500		9,401
Shibuya Corp.	800		18,744
Shikibo, Ltd. (B)	1,100		9,937
Shikoku Chemicals Corp.	3,000		27,330
Shikoku Electric Power Company, Inc.	2,400		18,931
Shima Seiki Manufacturing, Ltd.	1,200		15,736
Shimachu Company, Ltd.	2,300		56,538
Shinagawa Refractories Company, Ltd.	600		12,297
Shindengen Electric Manufacturing Company, Ltd.	500		10,688
Shin-Etsu Polymer Company, Ltd.	3,000		23,373
Shinko Electric Industries Company, Ltd.	5,100		48,574
Shinko Shoji Company, Ltd.	3,200		26,285
Shinmaywa Industries, Ltd.	2,400		24,825
Shinnihon Corp.	2,500		18,955
Shinoken Group Company, Ltd.	2,000		13,894
Shinwa Company, Ltd.	700		11,210
Shizuoka Gas Company, Ltd.	4,500		36,349
Shoei Company, Ltd.	1,200		25,065
Shoei Foods Corp.	700		25,536
Showa Corp.	1,900		39,607
Showa Sangyo Company, Ltd.	1,400		41,668
SIGMAXYZ, Inc.	900		10,300
Siix Corp. (B)	1,600		12,806
Sinanen Holdings Company, Ltd.	800		19,458
Sinfonia Technology Company, Ltd.	1,600		14,110
Sinko Industries, Ltd. (B)	1,500		19,217
Sintokogio, Ltd.	3,400		23,423
SKY Perfect JSAT Holdings, Inc.	10,300		36,825
SMK Corp.	300		6,400
SMS Company, Ltd.	2,300		44,357
Sodick Company, Ltd.	2,400		14,278
Software Service, Inc.	200		14,438
Soken Chemical & Engineering Company, Ltd.	800		7,369
Solasto Corp.	1,500		13,917
Sourcenext Corp. (B)	6,400		17,244
Space Value Holdings Company, Ltd.	2,000		6,879
Sparx Group Company, Ltd.	7,400		11,391
SRA Holdings	600		11,842
SRS Holdings Company, Ltd. (A)(B)	1,800		15,085
St. Marc Holdings Company, Ltd.	800		12,830
Star Mica Holdings Company, Ltd.	1,100		14,944
Star Micronics Company, Ltd.	2,300		23,020
Starts Corp., Inc.	1,900		35,208
Starzen Company, Ltd.	300		12,330
Stella Chemifa Corp.	800		17,734

 

111

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Strike Company, Ltd.	700	$	22,692
Studio Alice Company, Ltd.	900		12,311
Sugimoto & Company, Ltd. (B)	700		11,452
Sumida Corp.	1,600		9,751
Suminoe Textile Company, Ltd.	500		7,865
Sumitomo Bakelite Company, Ltd.	1,200		25,242
Sumitomo Densetsu Company, Ltd.	1,300		26,602
Sumitomo Mitsui Construction Company, Ltd.	6,000		26,382
Sumitomo Osaka Cement Company, Ltd.	2,200		65,505
Sumitomo Riko Company, Ltd.	2,400		12,984
Sumitomo Seika Chemicals Company, Ltd.	500		12,248
Sun Frontier Fudousan Company, Ltd.	2,200		16,645
Sushiro Global Holdings, Ltd.	1,600		23,456
SWCC Showa Holdings Company, Ltd.	2,400		22,231
Systena Corp.	3,000		40,541
Syuppin Company, Ltd.	1,200		7,038
T Hasegawa Company, Ltd.	1,600		30,137
T RAD Company, Ltd.	500		5,765
T&K Toka Company, Ltd.	1,600		10,527
Tachibana Eletech Company, Ltd.	1,360		18,198
Tachi-S Company, Ltd.	2,400		21,678
Tadano, Ltd. (B)	6,000		42,831
Taihei Dengyo Kaisha, Ltd.	1,500		31,927
Taiho Kogyo Company, Ltd.	1,200		5,953
Taikisha, Ltd.	900		25,882
Taiko Pharmaceutical Company, Ltd. (B)	2,100		30,257
Taisei Lamick Company, Ltd.	500		11,658
Taiyo Holdings Company, Ltd.	1,000		37,406
Takamatsu Construction Group Company, Ltd.	1,000		21,416
Takaoka Toko Company, Ltd.	700		6,153
Takara Leben Company, Ltd.	6,300		20,267
Takara Standard Company, Ltd.	2,200		33,628
Takasago International Corp.	1,200		22,316
Takasago Thermal Engineering Company, Ltd.	1,700		25,995
Takashimaya Company, Ltd.	1,200		10,771
Take And Give Needs Company, Ltd.	200		1,028
Takeei Corp.	700		5,048
Takeuchi Manufacturing Company, Ltd.	2,200		27,126
Takihyo Company, Ltd.	600		8,573
Takuma Company, Ltd.	3,300		36,443
Tamron Company, Ltd.	1,500		25,145
Tamura Corp.	6,000		21,783
Tanseisha Company, Ltd.	1,100		7,393
Tatsuta Electric Wire & Cable Company, Ltd.	4,200		17,768
Tayca Corp.	1,500		19,852
TechMatrix Corp.	1,200		24,436
Teikoku Electric Manufacturing Company, Ltd.	1,700		20,625
Teikoku Sen-I Company, Ltd.	500		9,697
Tekken Corp.	800		17,328
Tenma Corp.	1,000		14,865
T-Gaia Corp.	900		17,017
The 77 Bank, Ltd.	2,800		35,966
The Aichi Bank, Ltd.	600		17,605
The Akita Bank, Ltd.	1,100		15,824
The Aomori Bank, Ltd.	1,700		41,117
The Awa Bank, Ltd.	2,200		46,369
The Bank of Iwate, Ltd.	1,100		27,272
The Bank of Nagoya, Ltd.	1,100		26,580
The Bank of Okinawa, Ltd.	1,640		47,811

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
The Bank of Saga, Ltd.	1,000	$	10,617
The Chiba Kogyo Bank, Ltd.	3,200		7,474
The Chugoku Bank, Ltd.	4,400		39,030
The Chukyo Bank, Ltd.	900		18,118
The Ehime Bank, Ltd.	2,100		22,769
The First Bank of Toyama, Ltd.	2,800		7,638
The Fukui Bank, Ltd.	1,800		25,213
The Fukushima Bank, Ltd.	2,100		3,094
The Gunma Bank, Ltd.	6,600		19,921
The Hachijuni Bank, Ltd.	6,900		24,860
The Hiroshima Bank, Ltd.	7,000		29,146
The Hokkoku Bank, Ltd.	1,500		46,834
The Hyakugo Bank, Ltd.	16,000		44,753
The Hyakujushi Bank, Ltd.	1,700		30,794
The Iyo Bank, Ltd. (B)	9,200		46,261
The Japan Steel Works, Ltd.	2,600		31,125
The Japan Wool Textile Company, Ltd.	4,000		34,604
The Juroku Bank, Ltd.	1,700		29,649
The Keiyo Bank, Ltd.	4,400		21,656
The Kinki Sharyo Company, Ltd. (A)	300		2,941
The Kita-Nippon Bank, Ltd.	700		12,734
The Kiyo Bank, Ltd.	3,800		56,127
The Michinoku Bank, Ltd.	1,400		15,447
The Miyazaki Bank, Ltd.	1,000		22,018
The Monogatari Corp.	400		23,016
The Musashino Bank, Ltd.	1,700		21,547
The Nagano Bank, Ltd.	800		8,316
The Nanto Bank, Ltd.	2,000		41,194
The Nippon Road Company, Ltd.	500		31,700
The Nisshin Oillio Group, Ltd.	1,200		40,386
The Ogaki Kyoritsu Bank, Ltd.	1,600		32,127
The Oita Bank, Ltd.	900		15,843
The Okinawa Electric Power Company, Inc.	1,896		34,706
The Pack Corp.	800		26,660
The San-In Godo Bank, Ltd.	8,000		40,251
The Shibusawa Warehouse Company, Ltd.	1,000		18,709
The Shiga Bank, Ltd.	2,200		52,085
The Shikoku Bank, Ltd.	2,800		22,082
The Shimizu Bank, Ltd.	500		8,531
The Sumitomo Warehouse Company, Ltd.	3,324		36,254
The Tochigi Bank, Ltd.	8,000		11,481
The Toho Bank, Ltd.	12,000		29,986
The Tohoku Bank, Ltd.	400		3,233
The Tottori Bank, Ltd.	400		4,156
The Towa Bank, Ltd.	2,900		16,827
The Yamagata Bank, Ltd.	2,000		24,546
The Yamanashi Chuo Bank, Ltd.	2,000		13,593
Tigers Polymer Corp.	1,000		4,185
TKC Corp.	1,100		49,386
Toa Corp. (Hyogo)	1,400		10,393
Toa Corp. (Tokyo)	1,200		15,969
Toagosei Company, Ltd.	6,900		59,734
Tobishima Corp.	720		6,676
TOC Company, Ltd.	3,400		18,454
Tocalo Company, Ltd.	3,200		29,934
Toda Kogyo Corp. (A)	300		3,379
Toei Company, Ltd.	200		25,044
Toenec Corp.	600		17,550
Toho Company, Ltd.	600		9,324
Toho Holdings Company, Ltd.	2,400		50,240
Toho Titanium Company, Ltd.	3,000		17,888
Toho Zinc Company, Ltd. (A)	800		8,850

 

112

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Tokai Corp.	1,200	$	32,581
TOKAI Holdings Corp.	4,000		34,570
Tokai Rika Company, Ltd.	1,400		17,308
Tokai Tokyo Financial Holdings, Inc.	11,500		26,081
Token Corp.	610		45,131
Tokushu Tokai Paper Company, Ltd.	600		23,703
Tokuyama Corp.	2,600		49,874
Tokyo Base Company, Ltd. (A)	900		1,939
Tokyo Dome Corp. (B)	5,500		36,789
Tokyo Energy & Systems, Inc.	2,000		15,239
Tokyo Keiki, Inc.	1,000		6,442
Tokyo Kiraboshi Financial Group, Inc.	1,936		20,343
Tokyo Ohka Kogyo Company, Ltd.	900		34,177
Tokyo Rakutenchi Company, Ltd.	200		7,553
Tokyo Rope Manufacturing Company, Ltd. (A)	700		4,001
Tokyo Seimitsu Company, Ltd.	1,800		50,664
Tokyo Steel Manufacturing Company, Ltd.	5,100		31,861
Tokyo Tekko Company, Ltd. (B)	800		8,723
Tokyo Theatres Company, Inc. (B)	900		9,512
Tokyotokeiba Company, Ltd.	1,100		28,593
Tokyu Construction Company, Ltd.	3,900		20,483
Tomato Bank, Ltd.	1,100		10,671
Tomen Devices Corp.	200		6,000
Tomoe Corp.	2,200		6,740
Tomoe Engineering Company, Ltd.	800		15,110
Tomoku Company, Ltd.	500		7,058
TOMONY Holdings, Inc.	10,600		35,123
Tomy Company, Ltd.	4,500		31,581
Tonami Holdings Company, Ltd.	500		22,416
Topcon Corp.	4,700		34,499
Toppan Forms Company, Ltd.	3,400		30,300
Topre Corp.	2,300		25,396
Topy Industries, Ltd.	1,300		16,468
Toridoll Holdings Corp. (B)	2,800		29,879
Torii Pharmaceutical Company, Ltd.	1,100		27,543
Torikizoku Company, Ltd.	500		7,485
Torishima Pump Manufacturing Company, Ltd. (B)	900		6,304
Tosei Corp.	3,700		31,791
Toshiba Machine Company, Ltd. (B)	1,600		31,625
Toshiba TEC Corp.	1,000		31,360
Tosho Company, Ltd.	800		7,337
Totetsu Kogyo Company, Ltd.	1,000		26,811
Towa Corp.	1,300		8,871
Towa Pharmaceutical Company, Ltd.	1,500		31,354
Toyo Construction Company, Ltd.	3,100		12,443
Toyo Denki Seizo KK	600		6,258
Toyo Engineering Corp. (A)	2,200		6,524
Toyo Ink SC Holdings Company, Ltd.	2,200		41,422
Toyo Kanetsu KK	400		7,150
Toyo Securities Company, Ltd. (B)	6,000		7,323
Toyo Tanso Company, Ltd.	1,000		12,865
Toyo Tire Corp.	3,700		42,296
Toyo Wharf & Warehouse Company, Ltd.	600		7,254
Toyobo Company, Ltd.	4,993		52,639
TPR Company, Ltd.	1,400		14,878
Trancom Company, Ltd.	600		39,138
Tri Chemical Laboratories, Inc.	300		20,124
Trusco Nakayama Corp.	1,600		34,368
TS Tech Company, Ltd.	500		11,747
TSI Holdings Company, Ltd.	5,270		19,269
Tsubaki Nakashima Company, Ltd.	2,300		14,288

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Tsubakimoto Chain Company	1,600	$	36,140
Tsugami Corp. (B)	3,000		20,585
Tsukishima Kikai Company, Ltd.	2,000		24,655
Tsukuba Bank, Ltd.	5,700		8,962
Tsukui Corp.	4,800		18,256
Tsurumi Manufacturing Company, Ltd.	1,000		17,838
Tsutsumi Jewelry Company, Ltd.	700		11,210
TV Asahi Holdings Corp.	700		10,609
Tv Tokyo Holdings Corp.	1,100		24,506
UACJ Corp.	1,903		27,163
Ube Industries, Ltd.	700		10,678
Uchida Yoko Company, Ltd.	800		26,034
Ulvac, Inc.	1,900		44,985
Uniden Holdings Corp.	400		6,739
Union Tool Company	700		16,367
Unipres Corp.	2,600		23,095
United Arrows, Ltd.	1,200		18,047
United Super Markets Holdings, Inc. (B)	4,200		37,388
UNITED, Inc.	1,300		9,619
Unitika, Ltd. (A)	5,900		14,645
Unizo Holdings Company, Ltd.	1,900		105,326
Ushio, Inc.	5,200		49,486
UT Group Company, Ltd. (A)	1,500		15,252
V Technology Company, Ltd.	400		11,464
Valor Holdings Company, Ltd.	1,700		30,184
Valqua, Ltd.	1,000		16,146
ValueCommerce Company, Ltd.	1,600		26,264
Vector, Inc. (A)	3,100		18,637
Vision, Inc. (A)	1,500		9,284
Vital KSK Holdings, Inc.	3,500		35,534
VT Holdings Company, Ltd.	6,600		17,866
Wacoal Holdings Corp.	1,900		41,119
Wacom Company, Ltd.	4,600		13,436
Wakachiku Construction Company, Ltd.	900		10,037
Wakita & Company, Ltd.	4,000		36,371
Warabeya Nichiyo Holdings Company, Ltd.	900		14,578
Watahan & Company, Ltd.	300		4,411
WATAMI Company, Ltd. (B)	1,200		10,371
WDB Holdings Company, Ltd.	700		13,609
Weathernews, Inc.	500		16,357
West Holdings Corp.	1,690		21,886
WIN-Partners Company, Ltd.	1,000		9,072
World Holdings Company, Ltd.	600		6,801
Xebio Holdings Company, Ltd.	2,800		23,051
Yahagi Construction Company, Ltd.	2,000		14,372
Yaizu Suisankagaku Industry Company, Ltd.	1,100		9,799
YAKUODO Holdings Company, Ltd.	700		15,641
YAMABIKO Corp.	2,400		17,913
YAMADA Consulting Group Company, Ltd.	1,100		9,681
Yamaguchi Financial Group, Inc.	5,200		29,320
Yamaha Motor Robotics Holdings Company, Ltd. (A)	1,500		10,298
Yamaichi Electronics Company, Ltd.	1,700		21,510
YA-MAN, Ltd.	1,700		10,458
Yamato Kogyo Company, Ltd.	2,100		35,968
Yamazen Corp.	3,900		32,321
Yasuda Logistics Corp.	1,400		10,913
Yellow Hat, Ltd.	2,000		27,724
Yodogawa Steel Works, Ltd.	1,200		19,522
Yokogawa Bridge Holdings Corp.	2,100		37,953
Yokohama Reito Company, Ltd.	2,900		24,799
Yokowo Company, Ltd.	1,200		24,004

 

113

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Yomeishu Seizo Company, Ltd.	500	$	9,126
Yomiuri Land Company, Ltd. (B)	200		6,090
Yondenko Corp.	600		13,863
Yondoshi Holdings, Inc.	1,300		23,375
Yorozu Corp.	1,800		17,517
Yoshinoya Holdings Company, Ltd.	1,200		23,141
Yuasa Trading Company, Ltd.	1,100		28,939
Yumeshin Holdings Company, Ltd. (B)	2,200		11,518
Yurtec Corp.	2,000		11,333
Yushiro Chemical Industry Company, Ltd.	1,100		12,035
Zenrin Company, Ltd.	1,950		19,034
ZIGExN Company, Ltd.	3,400		8,269
			21,111,585
Jersey, Channel Islands - 0.2%
Atrium European Real Estate, Ltd. (A)	9,345		28,192
Centamin PLC	71,818		106,629
Sanne Group PLC	1,649		12,677
			147,498
Liechtenstein - 0.1%
Liechtensteinische Landesbank AG	528		29,361
VP Bank AG	188		24,052
			53,413
Luxembourg - 0.3%
APERAM SA	2,726		57,652
Corestate Capital Holding SA (A)	623		18,203
Grand City Properties SA	5,163		108,079
IVS Group SA	880		6,218
L'Occitane International SA	17,000		24,537
Stabilus SA	1,018		36,737
Sword Group	496		13,657
			265,083
Macau - 0.0%
Macau Legend Development, Ltd. (A)	129,000		14,552
Malaysia - 0.0%
Lynas Corp., Ltd. (A)	32,921		28,873
Malta - 0.0%
Kindred Group PLC	8,254		30,241
Monaco - 0.1%
Endeavour Mining Corp. (A)	3,183		45,258
Societe des Bains de Mer et du Cercle des Etrangers a Monaco (A)	273		16,793
			62,051
Netherlands - 3.1%
Aalberts NV	6,065		145,303
Accell Group NV	1,883		26,097
Altice Europe NV (A)	17,790		68,660
AMG Advanced Metallurgical Group NV (B)	1,350		19,502
Amsterdam Commodities NV	1,174		21,194
Arcadis NV	7,063		113,650
ASM International NV	3,323		338,088
ASR Nederland NV	4,031		101,353
Basic-Fit NV (A)(D)	1,607		26,871
BE Semiconductor Industries NV	4,162		127,469
Beter Bed Holding NV (A)	1,056		1,148
Boskalis Westminster (B)	4,705		85,684
Brack Capital Properties NV (A)	230		18,722
Brunel International NV (B)	1,126		6,254
Corbion NV	2,691		81,225
Euronext NV (D)	2,395		176,352
Flow Traders (D)	1,631		49,098
ForFarmers NV	2,398		14,824

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Netherlands (continued)
Fugro NV (A)	4,374	$	17,658
GrandVision NV (B)(D)	2,427		66,354
Heijmans NV (A)	2,023		12,132
Hunter Douglas NV	312		14,060
IMCD NV (B)	2,703		193,961
Innoconcepts NV (A)(C)	10,527		0
Intertrust NV (D)	3,549		44,673
Just Eat Takeaway (A)(D)	1,342		101,486
Kendrion NV (B)	1,093		11,778
Koninklijke BAM Groep NV	15,496		21,741
Koninklijke Vopak NV	2,436		127,915
Nederland Apparatenfabriek	225		8,883
OCI NV (A)	1,346		16,085
Ordina NV	5,537		8,359
PostNL NV	35,264		44,622
SBM Offshore NV (B)	9,689		128,093
Shop Apotheke Europe NV (A)(B)(D)	216		11,938
SIF Holding NV (B)	504		5,239
Signify NV (D)	5,527		107,115
Sligro Food Group NV	1,151		17,143
TKH Group NV	1,730		48,011
TomTom NV (A)	3,258		25,255
Van Lanschot Kempen NV	1,125		13,740
			2,467,735
New Zealand - 0.6%
Air New Zealand, Ltd.	12,658		6,344
Chorus, Ltd.	21,963		90,274
Freightways, Ltd. (B)	5,368		17,537
Genesis Energy, Ltd.	22,721		33,847
Gentrack Group, Ltd. (B)	3,060		2,529
Hallenstein Glasson Holdings, Ltd.	3,354		5,382
Heartland Group Holdings, Ltd.	17,002		10,250
Infratil, Ltd.	31,723		73,606
Kathmandu Holdings, Ltd.	5,693		3,741
Metlifecare, Ltd.	10,897		24,614
NZME, Ltd. (A)	13,259		1,316
NZX, Ltd.	13,409		8,842
Oceania Healthcare, Ltd.	34,030		13,856
PGG Wrightson, Ltd.	819		840
Restaurant Brands New Zealand, Ltd. (A)	886		4,279
Scales Corp., Ltd. (B)	5,176		13,698
Skellerup Holdings, Ltd.	7,637		8,063
SKY Network Television, Ltd. (A)	18,776		3,106
SKYCITY Entertainment Group, Ltd.	28,677		31,692
Summerset Group Holdings, Ltd.	7,420		23,959
Synlait Milk, Ltd. (A)	4,590		16,813
The New Zealand Refining Company, Ltd. (B)	11,354		5,278
The Warehouse Group, Ltd.	9,894		11,742
Tourism Holdings, Ltd.	6,508		4,199
TOWER, Ltd. (A)	12,717		4,333
Vista Group International, Ltd.	5,589		3,835
Z Energy, Ltd.	10,957		18,769
			442,744
Norway - 0.8%
ABG Sundal Collier Holding ASA	13,972		4,125
AF Gruppen ASA	989		13,919
Akastor ASA (A)	6,104		2,292
Aker Solutions ASA (A)(B)	8,985		4,645
American Shipping Company ASA (A)	1,661		3,055
Atea ASA (A)	4,256		35,811
Austevoll Seafood ASA	2,238		15,927
Axactor SE (A)	11,423		6,692
B2Holding ASA	4,699		1,625

 

114

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Norway (continued)
Bonheur ASA (B)	1,672	$	24,221
Borregaard ASA	5,508		50,980
BW Energy, Ltd. (A)	932		813
BW Offshore, Ltd. (A)	4,568		7,855
DNO ASA (B)	36,835		10,151
Europris ASA (D)	10,396		30,157
FLEX LNG, Ltd. (B)	1,570		7,953
Frontline, Ltd.	5,015		49,671
Grieg Seafood ASA	2,264		20,919
Hexagon Composites ASA (A)(B)	9,323		22,276
Hoegh LNG Holdings, Ltd.	2,568		2,612
IDEX Biometrics ASA (A)	19,564		1,162
Kongsberg Gruppen ASA	778		9,710
Kvaerner ASA (A)(B)	11,623		7,030
NEL ASA (A)	31,894		31,276
Nordic Nanovector ASA (A)(B)	2,098		2,604
Nordic Semiconductor ASA (A)	7,334		32,366
Norway Royal Salmon ASA (B)	1,016		20,410
Norwegian Air Shuttle ASA (A)(B)	6,144		5,262
Norwegian Finans Holding ASA (A)	5,444		21,930
Norwegian Property ASA	8,366		8,429
Ocean Yield ASA (B)	4,830		10,808
Odfjell Drilling, Ltd. (A)	4,970		3,630
Olav Thon Eiendomsselskap ASA	577		6,321
Otello Corp. ASA (A)	6,623		7,504
PGS ASA (A)	19,660		5,653
Protector Forsikring ASA (A)	4,177		9,544
Sbanken ASA (D)	5,201		25,181
Scatec Solar ASA (B)(D)	4,733		59,325
Selvaag Bolig ASA	1,842		8,154
Treasure ASA	3,110		2,699
Veidekke ASA	4,419		36,848
Wilh Wilhelmsen Holding ASA, Class A	862		8,340
XXL ASA (A)(B)(D)	3,048		1,370
			641,255
Peru - 0.0%
Hochschild Mining PLC	16,530		21,600
Portugal - 0.4%
Altri SGPS SA	3,125		12,362
Banco Comercial Portugues SA	530,269		59,597
CTT-Correios de Portugal SA	8,914		22,344
Mota-Engil SGPS SA	5,636		6,814
NOS SGPS SA	13,982		46,695
REN - Redes Energeticas Nacionais SGPS SA	21,605		55,174
Semapa-Sociedade de Investimento e Gestao	1,885		16,069
Sonae SGPS SA	44,348		28,742
The Navigator Company SA	12,847		30,496
			278,293
Russia - 0.1%
Highland Gold Mining, Ltd.	7,589		18,314
Petropavlovsk PLC (A)	214,252		55,576
			73,890
Singapore - 1.2%
Accordia Golf Trust	40,300		13,628
Ascendas India Trust	45,100		37,948
Banyan Tree Holdings, Ltd.	19,800		3,523
Best World International, Ltd. (C)	16,300		15,596
Boustead Projects, Ltd.	3,000		1,349
Boustead Singapore, Ltd.	10,000		4,188
Bukit Sembawang Estates, Ltd.	11,000		29,602
BW LPG, Ltd. (D)	4,059		12,237
China Aviation Oil Singapore Corp., Ltd.	14,400		8,653

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
Chip Eng Seng Corp., Ltd.	33,000	$	11,563
COSCO Shipping International Singapore Company, Ltd. (A)	58,900		7,021
CSE Global, Ltd.	34,000		8,188
Delfi, Ltd.	21,900		11,023
Ezion Holdings, Ltd. (A)(C)	131,300		3,972
Far East Orchard, Ltd.	5,000		3,414
First Resources, Ltd.	19,300		16,355
Fraser and Neave, Ltd.	8,600		7,213
Gallant Venture, Ltd. (A)	71,000		5,481
GL, Ltd.	51,700		19,105
Golden Agri-Resources, Ltd.	323,200		31,992
GuocoLand, Ltd.	10,400		9,710
Halcyon Agri Corp., Ltd. (A)	4,293		771
Haw Par Corp., Ltd.	5,800		41,876
Ho Bee Land, Ltd.	11,400		15,964
Hong Fok Corp., Ltd.	20,100		8,285
Hong Leong Finance, Ltd.	12,900		19,214
Hyflux, Ltd. (A)	24,000		2
IGG, Inc. (B)	51,000		30,184
Indofood Agri Resources, Ltd.	25,000		5,363
Japfa, Ltd.	38,500		11,131
Kenon Holdings, Ltd.	787		11,455
Keppel Infrastructure Trust	157,190		46,984
Metro Holdings, Ltd.	31,600		14,678
Midas Holdings, Ltd. (A)(C)	86,000		9,875
NetLink NBN Trust	103,600		65,790
OM Holdings, Ltd.	10,791		1,890
OUE, Ltd.	11,100		7,736
Oxley Holdings, Ltd.	24,700		3,553
Raffles Medical Group, Ltd.	34,841		18,894
Riverstone Holdings, Ltd.	15,700		10,805
SBS Transit, Ltd.	5,000		9,427
Sembcorp Industries, Ltd.	31,800		34,909
Sembcorp Marine, Ltd. (A)	12,200		5,805
Sheng Siong Group, Ltd.	29,900		24,982
SIA Engineering Company, Ltd.	12,800		15,371
SIIC Environment Holdings, Ltd.	35,800		4,997
Sinarmas Land, Ltd.	94,200		10,116
Singapore Post, Ltd.	66,100		29,697
Singapore Press Holdings, Ltd.	66,000		85,339
Stamford Land Corp., Ltd.	59,000		13,060
StarHub, Ltd.	25,600		23,904
Swiber Holdings, Ltd. (A)(C)	15,000		690
UMS Holdings, Ltd.	14,000		6,073
United Industrial Corp., Ltd.	7,100		10,667
UOB-Kay Hian Holdings, Ltd.	22,407		17,823
Wing Tai Holdings, Ltd.	21,205		23,109
XP Power, Ltd.	824		26,313
Yeo Hiap Seng, Ltd.	1,104		569
Yongnam Holdings, Ltd. (A)	32,625		2,052
			931,114
South Africa - 0.0%
Mediclinic International PLC	1,611		5,335
Petra Diamonds, Ltd. (A)	87,324		1,179
			6,514
Spain - 2.3%
Acciona SA	1,605		169,761
Acerinox SA (A)	7,380		49,674
Alantra Partners SA	1,181		16,859
Almirall SA	2,373		27,447
Amper SA (A)	82,546		12,529
Applus Services SA	6,225		39,428
Atresmedia Corp. de Medios de Comunicacion SA	6,046		16,694

 

115

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
Banco de Sabadell SA	4,153	$	2,100
Bankia SA	35,192		38,376
Bankinter SA	7,802		28,303
Bolsas y Mercados Espanoles SHMSF SA	4,108		148,668
Caja de Ahorros del Mediterraneo (A)(C)	5,428		0
Cia de Distribucion Integral Logista Holdings SA	1,412		22,666
CIE Automotive SA	2,718		41,581
Construcciones y Auxiliar de Ferrocarriles SA	1,425		44,643
Distribuidora Internacional de Alimentacion SA (A)(B)	275,484		31,511
Ebro Foods SA	3,323		68,057
eDreams ODIGEO SA (A)	4,905		9,998
Elecnor SA	2,026		16,403
Enagas SA	5,830		115,010
Ence Energia y Celulosa SA	6,294		17,187
Ercros SA	5,006		12,457
Euskaltel SA (D)	3,494		25,968
Faes Farma SA	12,329		47,456
Fluidra SA (A)	1,739		16,274
Fomento de Construcciones y Contratas SA	2,181		17,773
Global Dominion Access SA (A)(D)	5,439		14,965
Grupo Catalana Occidente SA	2,346		47,494
Grupo Empresarial San Jose SA (A)	2,194		9,998
Iberpapel Gestion SA	65		1,322
Indra Sistemas SA (A)	4,996		40,682
Laboratorios Farmaceuticos Rovi SA	987		24,234
Liberbank SA	130,927		19,332
Masmovil Ibercom SA (A)	3,141		49,560
Mediaset Espana Comunicacion SA	7,779		28,404
Melia Hotels International SA	6,008		25,299
Miquel y Costas & Miquel SA	1,474		18,532
Neinor Homes SA (A)(D)	948		7,244
Obrascon Huarte Lain SA (A)	14,644		9,246
Pharma Mar SA (A)	13,550		63,801
Promotora de Informaciones SA, Class A (A)	11,711		7,564
Prosegur Cia de Seguridad SA	10,114		25,260
Realia Business SA (A)	17,710		14,578
Sacyr SA	20,852		31,567
Solaria Energia y Medio Ambiente SA (A)	3,480		28,894
Talgo SA (A)(D)	4,711		21,247
Tecnicas Reunidas SA (A)	830		10,513
Tubacex SA	6,252		8,844
Unicaja Banco SA (D)	3,130		1,787
Vidrala SA	854		76,068
Viscofan SA	1,837		100,582
Zardoya Otis SA	7,487		50,349
			1,774,189
Sweden - 3.0%
AcadeMedia AB (D)	3,665		17,929
AddNode Group AB	1,904		28,011
AddTech AB, B Shares	3,734		91,126
AF POYRY AB	4,396		66,859
Alimak Group AB (D)	2,777		24,296
Arjo AB, B Shares	8,195		40,500
Atrium Ljungberg AB, B Shares	2,105		32,783
Attendo AB (D)	5,286		21,663
Avanza Bank Holding AB	4,000		33,004
Beijer Alma AB	2,393		19,814
Beijer Ref AB	1,520		27,295

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Bergman & Beving AB	2,270	$	11,514
Betsson AB (A)	5,105		20,057
Bilia AB, A Shares	5,024		30,981
BillerudKorsnas AB	5,849		63,776
BioGaia AB, B Shares	1,083		45,476
Biotage AB	3,574		35,633
Bonava AB, B Shares	3,323		14,223
Bravida Holding AB (D)	6,336		44,428
Bufab AB	1,896		14,466
Bulten AB (B)	717		2,828
Bure Equity AB	2,728		42,387
Byggmax Group AB (A)(B)	5,363		12,628
Catena AB	1,882		54,637
Clas Ohlson AB, B Shares	3,185		23,163
Cloetta AB, B Shares	10,640		25,102
Collector AB (A)(B)	1,870		2,896
Coor Service Management Holding AB (D)	1,376		6,678
Corem Property Group AB, B Shares	3,585		7,081
Dios Fastigheter AB	3,582		23,941
Dometic Group AB (D)	8,411		37,268
Duni AB	2,559		20,313
Dustin Group AB (B)(D)	4,269		20,215
Eastnine AB	1,669		18,371
Enea AB (A)	1,999		25,615
Fagerhult AB	4,609		18,035
FastPartner AB	2,697		19,476
Fingerprint Cards AB, B Shares (A)	26,708		34,687
Granges AB	5,164		25,370
Haldex AB	3,364		8,549
Heba Fastighets AB, Class B	684		5,703
HMS Networks AB	1,433		17,506
Hoist Finance AB (A)(D)	2,083		5,093
Humana AB	2,641		10,319
Inwido AB	3,126		17,757
JM AB	3,363		57,956
Klovern AB, B Shares	34,595		51,091
KNOW IT AB	1,471		19,971
Kungsleden AB	8,561		64,398
Lagercrantz Group AB, B Shares	4,069		47,394
Lindab International AB	5,086		38,889
Loomis AB, B Shares	2,298		46,518
Mekonomen AB (A)	2,150		9,607
Modern Times Group MTG AB, B Shares (A)	1,978		15,335
Momentum Group AB, Class B	2,270		15,474
Mycronic AB	3,734		45,278
Nederman Holding AB	887		9,380
New Wave Group AB, B Shares	4,353		11,873
Nobia AB	6,676		23,694
Nobina AB (D)	4,239		22,906
Nolato AB, B Shares	919		41,439
Nordic Waterproofing Holding AS (D)	2,615		19,621
NP3 Fastigheter AB	1,683		11,812
Nyfosa AB (A)	9,287		46,518
OEM International AB, B Shares	1,040		20,363
Peab AB, Class B	5,776		41,365
Platzer Fastigheter Holding AB, Series B	5,149		36,701
Pricer AB, B Shares	7,930		12,343
Proact IT Group AB	476		4,591
Qliro Group AB (A)	6,110		2,451
Ratos AB, B Shares	14,845		30,540
RaySearch Laboratories AB (A)	2,452		14,063
Recipharm AB, B Shares	1,796		18,165
Resurs Holding AB (D)	6,236		21,168

 

116

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Samhallsbyggnadsbolaget i Norden AB	33,928	$	65,042
SAS AB (A)(B)	22,659		19,881
Scandi Standard AB	4,648		28,074
Scandic Hotels Group AB (D)	3,196		9,510
Sectra AB, B Shares (A)	1,006		37,457
Sensys Gatso Group AB (A)	23,414		2,623
SkiStar AB	3,542		27,125
Systemair AB	901		10,960
The Thule Group AB (D)	5,686		98,107
Troax Group AB	1,308		12,016
VBG Group AB, B Shares	630		7,286
Wihlborgs Fastigheter AB	4,275		59,127
			2,347,564
Switzerland - 6.2%
Allreal Holding AG (A)	841		156,124
ALSO Holding AG (A)	471		74,030
APG SGA SA	136		25,178
Arbonia AG (A)	2,962		23,245
Aryzta AG (A)	42,352		14,954
Ascom Holding AG	2,404		13,294
Autoneum Holding AG (B)	221		13,784
Bachem Holding AG, Class B	55		10,962
Banque Cantonale de Geneve	142		26,427
Banque Cantonale Vaudoise	105		85,954
Belimo Holding AG	27		172,073
Bell Food Group AG (A)	138		36,041
Bellevue Group AG	467		10,926
Berner Kantonalbank AG	285		61,756
BKW AG	1,315		107,082
Bobst Group SA (B)	632		28,558
Bossard Holding AG, Class A	310		35,612
Bucher Industries AG	428		112,810
Burckhardt Compression Holding AG	54		10,766
Burkhalter Holding AG	218		12,437
Calida Holding AG (A)	285		8,243
Carlo Gavazzi Holding AG	38		8,018
Cembra Money Bank AG	1,587		144,707
Clariant AG (A)	3,970		66,078
Coltene Holding AG (A)	198		12,616
Conzzeta AG	74		59,703
Daetwyler Holding AG	381		60,758
DKSH Holding AG	738		36,427
dormakaba Holding AG (A)	140		61,944
Dufry AG (A)	955		29,309
EFG International AG (A)	4,687		26,397
Emmi AG	118		107,317
Energiedienst Holding AG	559		18,341
Evolva Holding SA (A)(B)	72,989		13,449
Feintool International Holding AG	142		5,504
Fenix Outdoor International AG (B)	225		14,161
Ferrexpo PLC	22,757		32,652
Flughafen Zurich AG	804		89,946
Forbo Holding AG	47		56,939
Galenica AG (A)(D)	173		11,804
GAM Holding AG (A)(B)	11,204		20,824
Georg Fischer AG	248		169,219
Gurit Holding AG	22		26,012
Helvetia Holding AG	1,463		124,994
Hiag Immobilien Holding AG	420		40,050
HOCHDORF Holding AG (A)(B)	124		7,409
Huber & Suhner AG	859		53,243
Hypothekarbank Lenzburg AG	3		13,255
Implenia AG	994		34,551
Inficon Holding AG	129		81,964
Interroll Holding AG	38		62,866

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Intershop Holding AG	93	$	48,821
IWG PLC	38,584		82,265
Jungfraubahn Holding AG	153		18,922
Kardex AG	299		41,118
Komax Holding AG (B)	221		34,511
Kongsberg Automotive ASA (A)	29,400		4,929
Kudelski SA (A)(B)	2,497		7,917
Landis+Gyr Group AG (A)	160		10,948
LEM Holding SA	19		20,966
Logitech International SA	613		26,253
Luzerner Kantonalbank AG	205		82,551
Metall Zug AG, B Shares	12		19,156
Mobilezone Holding AG (A)	3,642		31,335
Mobimo Holding AG (A)	463		129,656
OC Oerlikon Corp. AG	11,683		92,503
Orascom Development Holding AG (A)	533		4,457
Orell Fuessli Holding AG (B)	92		8,895
Orior AG (A)	425		34,610
Phoenix Mecano AG	38		13,505
Plazza AG, Class A	68		19,528
PSP Swiss Property AG	2,555		319,501
Rieter Holding AG	251		22,638
Romande Energie Holding SA	34		37,005
Schaffner Holding AG	40		5,474
Schmolz + Bickenbach AG (A)(B)	39,436		5,647
Schweiter Technologies AG	48		46,840
SFS Group AG	602		45,008
Siegfried Holding AG (A)	220		88,538
SIG Combibloc Group AG (A)	764		11,415
St. Galler Kantonalbank AG, Class A	125		51,445
Sulzer AG	877		54,596
Sunrise Communications Group AG (A)(D)	1,661		133,133
Swiss Prime Site AG	264		25,695
Swissquote Group Holding SA	588		33,667
TX Group AG	201		14,163
u-blox Holding AG (A)	431		26,260
Valiant Holding AG	867		69,254
Valora Holding AG (A)	193		33,792
VAT Group AG (A)(D)	1,510		205,877
Vaudoise Assurances Holding SA	64		29,626
Vetropack Holding AG	10		26,270
Von Roll Holding AG (A)	7,878		4,483
Vontobel Holding AG	1,798		87,458
VZ Holding AG	161		53,905
Walliser Kantonalbank	203		21,117
Warteck Invest AG (A)	8		16,884
Zehnder Group AG	615		23,259
Zug Estates Holding AG, B Shares	16		31,593
Zuger Kantonalbank AG	9		58,255
			4,846,357
Taiwan - 0.0%
Ya Hsin Industrial Company, Ltd. (A)(C)	138,000		0
United Kingdom - 13.1%
4imprint Group PLC	1,523		35,842
A.G. Barr PLC	4,718		28,182
AA PLC	34,743		7,290
Afren PLC (A)(C)	55,554		0
Aggreko PLC	12,621		75,430
Alliance Pharma PLC	8,718		6,950
Anglo Pacific Group PLC	12,147		17,026
Anglo-Eastern Plantations PLC	1,225		7,021
Arrow Global Group PLC	6,931		9,078
Ashmore Group PLC	15,764		69,413
ASOS PLC (A)	623		9,167

 

117

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Avon Rubber PLC	2,322	$	65,962
B&M European Value Retail SA	19,821		67,316
Babcock International Group PLC	19,872		93,786
Balfour Beatty PLC	34,581		91,765
Beazley PLC	22,416		108,128
Bellway PLC	5,716		151,428
Biffa PLC (D)	2,047		4,488
Bodycote PLC	9,417		65,926
boohoo Group PLC (A)	35,178		82,748
Braemar Shipping Services PLC	1,328		1,654
Brewin Dolphin Holdings PLC	15,066		40,902
Britvic PLC	13,590		117,782
Cairn Energy PLC (A)	28,458		26,976
Capita PLC (A)	17,050		6,899
Capital & Counties Properties PLC	29,159		59,358
Card Factory PLC	14,688		5,892
CareTech Holdings PLC	4,102		19,304
Carillion PLC (A)(C)	35,521		4,231
Central Asia Metals PLC	1,507		2,845
Chemring Group PLC	13,921		34,579
Chesnara PLC	5,125		18,281
Cineworld Group PLC	27,060		16,499
Circassia Pharmaceuticals PLC (A)	9,034		1,842
Clarkson PLC	1,348		38,287
Close Brothers Group PLC	7,194		100,029
CLS Holdings PLC	10,759		25,828
CMC Markets PLC (D)	7,009		15,420
Computacenter PLC	3,268		57,938
Concentric AB	3,084		29,926
ConvaTec Group PLC (D)	45,125		103,753
Costain Group PLC	4,797		2,044
Countryside Properties PLC (D)	20,199		71,087
Countrywide PLC (A)	469		272
Cranswick PLC	2,698		123,510
Crest Nicholson Holdings PLC	16,969		36,639
CVS Group PLC	980		10,023
Daejan Holdings PLC	569		55,155
Daily Mail & General Trust PLC, Class A	9,763		81,302
Dart Group PLC	2,992		20,198
De La Rue PLC	6,976		4,997
Debenhams PLC (A)(C)	76,182		0
Devro PLC	12,253		24,688
DFS Furniture PLC	12,509		17,782
Dialight PLC (A)	105		288
Dialog Semiconductor PLC (A)	5,144		133,708
Dignity PLC	3,439		11,958
Diploma PLC	12,001		240,285
DiscoverIE Group PLC	5,627		34,026
Dixons Carphone PLC	33,522		32,137
Domino's Pizza Group PLC	21,324		74,662
Drax Group PLC	21,413		40,496
Dunelm Group PLC	5,863		50,781
Electrocomponents PLC	24,912		158,606
Elementis PLC	35,393		21,683
EMIS Group PLC	1,913		24,568
EnQuest PLC (A)	109,392		10,339
Equiniti Group PLC (D)	10,616		22,887
Essentra PLC	14,966		48,445
Euromoney Institutional Investor PLC	4,334		43,514
FDM Group Holdings PLC	3,208		29,118
Fevertree Drinks PLC	3,631		54,149
Firstgroup PLC (A)	89,684		55,215
Forterra PLC (D)	6,408		13,922
Foxtons Group PLC (A)	23,551		11,742

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Frasers Group PLC (A)	10,048	$	22,640
Fuller Smith & Turner PLC, Class A	1,525		12,721
G4S PLC	73,635		83,753
Galliford Try Holdings PLC	5,675		9,107
Games Workshop Group PLC	2,802		148,827
Gamesys Group PLC (A)	3,107		28,086
Gamma Communications PLC	597		7,303
Gem Diamonds, Ltd. (A)	12,666		4,400
Genus PLC	561		22,669
GoCo Group PLC	23,140		17,507
Grainger PLC	32,768		104,279
Greggs PLC	6,454		128,435
Gulf Keystone Petroleum, Ltd.	7,420		6,198
Halfords Group PLC	15,547		13,449
Hastings Group Holdings PLC (D)	4,335		9,987
Hays PLC	77,290		110,085
Headlam Group PLC	6,602		25,586
Helical PLC	8,263		35,246
Henry Boot PLC	5,301		12,997
Hill & Smith Holdings PLC	4,882		57,374
Hilton Food Group PLC	1,880		25,068
Hollywood Bowl Group PLC	8,153		14,821
HomeServe PLC	884		11,515
Horizon Discovery Group PLC (A)	5,948		7,698
Howden Joinery Group PLC	36,031		226,659
Hunting PLC	8,331		17,761
Huntsworth PLC	20,713		27,568
Hurricane Energy PLC (A)	21,839		2,865
Hyve Group PLC	37,385		9,140
Ibstock PLC (D)	19,043		35,757
IG Group Holdings PLC	17,144		147,102
IMI PLC	13,430		123,980
Inchcape PLC	23,434		125,063
Indivior PLC (A)	37,592		21,320
Intermediate Capital Group PLC	3,867		42,681
International Personal Finance PLC	12,526		11,759
iomart Group PLC	2,265		7,669
IP Group PLC (A)	19,905		12,155
J.D. Wetherspoon PLC	3,666		40,064
James Fisher & Sons PLC	4,181		64,736
James Halstead PLC	2,706		16,143
John Laing Group PLC (D)	9,818		40,911
John Menzies PLC	7,323		6,950
John Wood Group PLC	29,391		55,927
Johnson Service Group PLC	7,514		9,556
Jupiter Fund Management PLC	22,824		55,961
Just Group PLC (A)	29,360		19,402
Kainos Group PLC	4,099		33,084
KAZ Minerals PLC	11,463		49,711
Keller Group PLC	4,206		27,601
Kier Group PLC (A)(B)	12,017		11,146
Kin & Carta PLC	3,492		2,616
Lancashire Holdings, Ltd.	9,054		69,319
Lookers PLC	22,449		4,405
Low & Bonar PLC (A)	44,351		3,789
LSL Property Services PLC	6,404		13,141
M&C Saatchi PLC	253		100
Man Group PLC	80,474		123,153
Marshalls PLC	12,527		91,091
Marston's PLC	37,566		19,004
McBride PLC (A)	14,770		10,415
McCarthy & Stone PLC (D)	19,899		15,775
Mears Group PLC	8,289		13,690
Meggitt PLC	9,312		33,473
Metro Bank PLC (A)	674		757

 

118

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Mitchells & Butlers PLC (A)	12,079	$	27,013
Mitie Group PLC	21,415		17,209
MJ Gleeson PLC	2,770		18,397
Moneysupermarket.com Group PLC	30,606		113,734
Morgan Advanced Materials PLC	14,263		32,545
Morgan Sindall Group PLC	2,826		41,648
N. Brown Group PLC	9,633		1,724
Naked Wines PLC	3,126		9,692
National Express Group PLC	23,513		59,536
NCC Group PLC	13,335		27,301
Next Fifteen Communications Group PLC	2,559		9,351
Non-Standard Finance PLC (D)	12,541		1,616
On the Beach Group PLC (D)	5,451		14,729
OneSavings Bank PLC	13,146		40,969
Oxford Instruments PLC	4,212		65,105
Pagegroup PLC	14,252		63,985
Pan African Resources PLC	85,815		10,090
Paragon Banking Group PLC	16,092		65,818
PayPoint PLC	2,581		17,081
Pendragon PLC	102,667		8,123
Pennon Group PLC	22,187		296,666
Petrofac, Ltd.	12,318		29,488
Pets at Home Group PLC	18,331		58,203
Pharos Energy PLC	16,636		2,487
Phoenix Group Holdings PLC	10,868		83,409
Photo-Me International PLC	18,684		9,025
Polar Capital Holdings PLC	1,442		6,783
Polypipe Group PLC	12,035		67,833
Porvair PLC	2,468		15,562
Premier Foods PLC (A)	41,106		12,361
Premier Miton Group PLC	4,273		4,439
Premier Oil PLC (A)(B)	52,556		10,848
Provident Financial PLC	7,268		19,412
PZ Cussons PLC	16,024		37,906
QinetiQ Group PLC	27,714		110,050
Quilter PLC (D)	86,979		126,036
Rank Group PLC	7,303		11,719
Rathbone Brothers PLC	2,988		54,810
Reach PLC	27,680		35,131
Redde Northgate PLC	8,929		15,352
Redrow PLC	24,688		109,439
Renew Holdings PLC	4,150		19,201
Renewi PLC	86,394		24,862
Renishaw PLC	1,380		53,602
Ricardo PLC	2,982		15,009
RM PLC	8,752		14,972
Robert Walters PLC	4,693		17,108
Rotork PLC	41,331		109,353
Royal Mail PLC	8,393		12,938
RPS Group PLC	15,418		6,521
Sabre Insurance Group PLC (D)	839		2,979
Saga PLC	35,682		7,468
Savannah Petroleum PLC (A)	25,207		2,494
Savills PLC	9,220		93,890
Scapa Group PLC	9,781		13,355
SDL PLC	7,019		34,142
Senior PLC	21,835		18,888
Severfield PLC	11,941		9,210
SIG PLC	51,284		14,656
Signature Aviation PLC	44,224		89,863
Smart Metering Systems PLC	1,773		14,631
Softcat PLC	5,177		65,922
Spectris PLC	6,138		184,931
Speedy Hire PLC	24,369		14,670

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Spire Healthcare Group PLC (D)	8,597	$	8,374
Spirent Communications PLC	37,163		94,261
Sportech PLC (A)	11,390		2,093
SSP Group PLC	24,866		93,693
St. Modwen Properties PLC	9,201		37,581
Stagecoach Group PLC	27,597		23,632
SThree PLC	8,144		23,186
Stobart Group, Ltd.	19,806		11,729
Stock Spirits Group PLC	6,082		12,107
Stolt-Nielsen, Ltd.	2,414		19,619
Studio Retail Group PLC (A)	8,139		15,168
STV Group PLC	2,685		10,689
Superdry PLC	3,110		4,109
Synthomer PLC	15,208		45,769
TalkTalk Telecom Group PLC	31,116		32,554
Tate & Lyle PLC	29,819		242,602
Ted Baker PLC	1,843		2,362
Telecom Plus PLC	5,429		83,331
Telit Communications PLC (A)	5,999		6,763
The Go-Ahead Group PLC	3,096		31,354
The Gym Group PLC (D)	3,234		5,613
The Restaurant Group PLC	8,885		4,575
The Vitec Group PLC	2,842		22,651
The Weir Group PLC	78		694
Thomas Cook Group PLC (A)(C)	58,171		0
Topps Tiles PLC	15,591		6,921
TORM PLC (A)	2,744		22,841
TP ICAP PLC	27,270		113,414
Travis Perkins PLC	14,247		154,875
Trifast PLC	7,237		8,458
TT Electronics PLC	14,769		28,137
Tullow Oil PLC (B)	72,437		9,196
U & I Group PLC	12,008		11,815
Ultra Electronics Holdings PLC	3,309		81,867
Urban & Civic PLC	1,526		3,905
Vectura Group PLC	38,720		46,922
Vesuvius PLC	12,719		50,597
Victrex PLC	5,890		142,281
Virgin Money UK PLC (A)	28,550		21,764
Vistry Group PLC	14,705		104,815
Volex PLC	3,136		4,334
Vp PLC	637		4,964
Watkin Jones PLC	6,905		13,202
WH Smith PLC	5,673		79,682
William Hill PLC	45,198		37,469
Wilmington PLC	8,076		11,471
Wincanton PLC	10,534		32,329
Xaar PLC (A)	5,629		1,428
Zeal Network SE (A)	349		8,803
			10,287,836
United States - 0.4%
Alacer Gold Corp. (A)	21,191		68,363
Argonaut Gold, Inc. (A)	12,132		9,310
Burford Capital, Ltd.	2,002		10,275
Energy Fuels, Inc. (A)(B)	730		856
Invesque, Inc.	2,000		6,320
Kingsway Financial Services, Inc. (A)	425		842
Primo Water Corp.	6,607		59,953
PureTech Health PLC (A)	5,400		15,937
REC Silicon ASA (A)(B)	13,597		3,661
Reliance Worldwide Corp., Ltd.	24,142		38,598
Samsonite International SA (D)	32,400		30,337
Sims, Ltd.	9,104		33,872

 

119

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
Sundance Energy, Inc. (A)	330	$	749
			279,073
TOTAL COMMON STOCKS (Cost $111,213,181)		$	76,825,301
PREFERRED SECURITIES - 0.3%
Germany - 0.3%
Biotest AG	486		9,551
Draegerwerk AG & Company KGaA	721		69,341
FUCHS PETROLUB SE	2,006		71,555
Jungheinrich AG	2,134		32,474
Sixt SE	838		32,629
STO SE & Company KGaA	124		11,283
Villeroy & Boch AG	625		6,975
			233,808
TOTAL PREFERRED SECURITIES (Cost $271,147)		$	233,808
SHORT-TERM INVESTMENTS - 8.6%
Short-term funds - 8.6%
John Hancock Collateral Trust, 1.1260% (E)(F)	676,782		6,766,133
TOTAL SHORT-TERM INVESTMENTS (Cost $6,771,648)		$	6,766,133
Total Investments (International Small Company Trust) (Cost $118,255,976) - 106.5%		$	83,825,242
Other assets and liabilities, net - (6.5%)			(5,106,231)
TOTAL NET ASSETS - 100.0%		$	78,719,011

International Small Company Trust (continued)

Security Abbreviations and Legend
CVR	Contingent Value Right
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $6,150,081.
(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 3-31-20.
(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 EAFE Index Futures	12	Long	Jun 2020	$865,896	$938,520	$72,624
						$72,624

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

Investment Quality Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 71.5%
U.S. Government – 26.1%
U.S. Treasury Bonds
2.250%, 08/15/2046	$	975,000	$	1,173,656
2.500%, 02/15/2045 (A)		1,204,000		1,503,636
2.500%, 02/15/2046		648,000		814,506
2.875%, 05/15/2043		1,170,000		1,541,749
3.000%, 11/15/2044 to 02/15/2048		2,888,000		3,996,151
3.000%, 11/15/2045 (A)		3,372,000		4,613,581
3.125%, 08/15/2044 to 05/15/2048		7,895,000		10,976,522
3.625%, 08/15/2043		680,000		1,002,681
3.750%, 11/15/2043 (A)		3,789,000		5,697,117
4.375%, 11/15/2039 (A)		2,205,000		3,488,810
5.375%, 02/15/2031		3,000		4,461
U.S. Treasury Inflation Protected Securities
0.375%, 01/15/2027		1,356,119		1,388,997
0.500%, 01/15/2028		397,366		414,341
0.625%, 01/15/2026 (A)		2,008,268		2,075,144
0.875%, 01/15/2029		1,353,527		1,471,979

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Inflation Protected Securities (continued)
1.000%, 02/15/2048 to 02/15/2049	$	772,880	$	956,067
U.S. Treasury Notes
1.375%, 10/15/2022 (A)		810,000		832,813
2.000%, 06/30/2024 to 02/15/2025 (A)		10,887,000		11,704,729
2.250%, 08/15/2027		950,000		1,066,375
2.625%, 02/15/2029		4,335,000		5,068,902
2.750%, 02/15/2024		66,000		72,164
2.875%, 08/15/2028		2,090,000		2,472,241
				62,336,622
U.S. Government Agency – 45.4%
Federal Home Loan Mortgage Corp.
3.000%, 12/01/2046 to 06/01/2049		3,930,955		4,125,716
3.500%, 03/01/2048 to 06/01/2048		3,976,710		4,209,481
5.000%, 12/01/2034		146,476		162,473
6.500%, 04/01/2029 to 08/01/2034		9,914		11,520
7.500%, 12/01/2025 to 05/01/2028		3,417		3,800

 

120

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association
2.500%, TBA (B)	$	16,180,000	$	16,759,320
2.500%, 07/01/2030 to 04/01/2045		1,497,074		1,560,888
2.660%, 03/01/2027		815,000		880,885
2.720%, 03/01/2027		738,976		799,901
3.000%, TBA (B)		14,100,000		14,771,060
3.500%, 06/01/2046 to 05/01/2048		10,212,524		10,838,454
4.000%, TBA (B)		5,800,000		6,191,093
4.500%, TBA (B)		3,300,000		3,548,565
5.000%, TBA (B)		1,800,000		1,942,601
Government National Mortgage Association
2.500%, TBA (B)		15,400,000		16,100,059
3.000%, TBA (B)		11,500,000		12,163,168
3.500%, TBA (B)		5,400,000		5,696,483
4.000%, 11/15/2040 to 07/20/2049		3,284,503		3,485,409
4.500%, TBA (B)		4,600,000		4,877,363
6.000%, 08/15/2032 to 04/15/2035		61,439		70,027
6.500%, 06/15/2028 to 02/15/2035		25,188		28,090
7.000%, 11/15/2031 to 11/15/2033		139,821		156,826
				108,383,182
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $158,166,729)			$	170,719,804
FOREIGN GOVERNMENT OBLIGATIONS – 1.3%
Argentina – 0.0%
Republic of Argentina 5.250%, 01/15/2028	EUR	135,000		34,543
Canada – 0.0%
City of Quebec 2.000%, 07/07/2020	CAD	85,000		60,584
Chile – 0.1%
Republic of Chile 2.550%, 01/27/2032	$	265,000		264,735
Dominican Republic – 0.2%
Government of Dominican Republic 6.400%, 06/05/2049 (C)		425,000		374,000
Egypt – 0.2%
Arab Republic of Egypt 16.100%, 05/07/2029	EGP	6,145,000		432,719
Ghana – 0.2%
Republic of Ghana
6.375%, 02/11/2027 (C)	$	200,000		146,500
7.625%, 05/16/2029		265,000		189,599
				336,099
Hungary – 0.0%
Republic of Hungary 6.375%, 03/29/2021		86,000		89,140
Panama – 0.1%
Republic of Panama 4.500%, 04/01/2056		200,000		216,500
Romania – 0.2%
Government of Romania
4.625%, 04/03/2049	EUR	317,000		369,206
6.125%, 01/22/2044	$	94,000		108,025
				477,231
Senegal – 0.1%
Republic of Senegal 6.250%, 05/23/2033		255,000		228,142
Tunisia – 0.1%
Banque Centrale de Tunisie 6.750%, 10/31/2023 (C)	EUR	190,000		189,166

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
United Arab Emirates – 0.1%
Abu Dhabi Government 3.125%, 09/30/2049 (C)	$	330,000	$	306,900
Uruguay – 0.0%
Republic of Uruguay 4.975%, 04/20/2055		25,000		28,313
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $3,427,791)			$	3,038,072
CORPORATE BONDS – 34.8%
Communication services – 4.7%
AT&T, Inc.
2.800%, 02/17/2021 (D)		250,000		251,107
2.950%, 07/15/2026		280,000		275,439
3.800%, 02/15/2027		5,000		5,195
3.825%, 11/25/2020	CAD	300,000		214,108
3.875%, 01/15/2026	$	70,000		71,859
4.125%, 02/17/2026		255,000		272,072
4.300%, 02/15/2030		130,000		139,922
4.350%, 03/01/2029 to 06/15/2045		460,000		491,301
AT&T, Inc. (3 month LIBOR + 0.750%) 2.330%, 06/01/2021 (E)		45,000		43,698
CCO Holdings LLC 4.500%, 08/15/2030 (C)		13,000		12,740
Charter Communications Operating LLC
4.800%, 03/01/2050		85,000		88,564
4.908%, 07/23/2025		30,000		32,318
5.125%, 07/01/2049		75,000		79,779
5.750%, 04/01/2048		125,000		141,904
6.484%, 10/23/2045		25,000		30,565
6.834%, 10/23/2055		40,000		47,379
Comcast Cable Communications LLC 8.500%, 05/01/2027		96,000		130,375
Comcast Corp.
3.200%, 07/15/2036		55,000		58,063
3.250%, 11/01/2039		255,000		269,108
3.400%, 04/01/2030 to 07/15/2046		85,000		92,049
4.049%, 11/01/2052		45,000		53,632
4.250%, 10/15/2030		40,000		46,898
4.600%, 10/15/2038		115,000		143,277
4.650%, 07/15/2042		35,000		44,498
4.700%, 10/15/2048		60,000		77,572
4.750%, 03/01/2044		20,000		25,277
4.950%, 10/15/2058		120,000		165,727
Cox Communications, Inc.
3.150%, 08/15/2024 (C)		601,000		614,587
4.800%, 02/01/2035 (C)		30,000		32,607
Discovery Communications LLC
3.800%, 03/13/2024		80,000		79,519
3.950%, 06/15/2025		12,000		11,713
5.000%, 09/20/2037		25,000		24,755
5.300%, 05/15/2049		100,000		101,294
6.350%, 06/01/2040		175,000		202,497
DISH DBS Corp. 6.750%, 06/01/2021		66,000		66,924
Lamar Media Corp. 3.750%, 02/15/2028 (C)		10,000		9,374
SoftBank Group Corp. (6.000% to 7-19-23, then 5 Year ICE Swap Rate + 4.226%) 07/19/2023 (F)		600,000		453,600
Sprint Corp. 7.125%, 06/15/2024		85,000		93,392
Sprint Spectrum Company LLC 5.152%, 03/20/2028 (C)		295,000		314,175
Telecom Italia Capital SA
6.000%, 09/30/2034		15,000		14,850

 

121

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Telecom Italia Capital SA (continued)
7.721%, 06/04/2038	$	25,000	$	26,430
Telefonica Celular del Paraguay SA 5.875%, 04/15/2027 (C)		400,000		360,766
Telefonica Emisiones SA
5.520%, 03/01/2049		230,000		269,894
7.045%, 06/20/2036		170,000		202,731
Tencent Holdings, Ltd.
3.595%, 01/19/2028 (C)		200,000		211,694
3.975%, 04/11/2029 (C)		400,000		443,069
Time Warner Cable LLC
4.500%, 09/15/2042		415,000		390,108
5.875%, 11/15/2040		195,000		205,481
6.550%, 05/01/2037		80,000		89,826
T-Mobile USA, Inc. 6.500%, 01/15/2026		625,000		656,250
Verizon Communications, Inc.
3.150%, 03/22/2030 (D)		135,000		145,176
3.875%, 02/08/2029		135,000		151,111
4.000%, 03/22/2050		55,000		65,274
4.016%, 12/03/2029		180,000		202,937
4.272%, 01/15/2036		160,000		186,922
4.400%, 11/01/2034		225,000		263,418
4.500%, 08/10/2033		55,000		66,207
4.672%, 03/15/2055		180,000		229,273
4.812%, 03/15/2039		120,000		147,880
5.012%, 08/21/2054		165,000		225,725
5.250%, 03/16/2037		70,000		89,539
Verizon Communications, Inc. (3 month LIBOR + 0.550%) 2.233%, 05/22/2020 (E)		55,000		54,992
ViacomCBS, Inc.
4.250%, 09/01/2023		185,000		188,643
4.950%, 01/15/2031		680,000		673,117
Videotron, Ltd. 5.375%, 06/15/2024 (C)		40,000		40,188
Vodafone Group PLC
4.250%, 09/17/2050		90,000		91,653
6.150%, 02/27/2037		230,000		266,995
WMG Acquisition Corp.
4.875%, 11/01/2024 (C)		65,000		63,375
5.000%, 08/01/2023 (C)		10,000		9,925
				11,342,312
Consumer discretionary – 1.8%
Alibaba Group Holding, Ltd.
3.400%, 12/06/2027		235,000		246,558
4.200%, 12/06/2047		200,000		244,191
Amazon.com, Inc. 3.875%, 08/22/2037		260,000		311,613
AutoZone, Inc.
3.625%, 04/15/2025		210,000		212,914
4.000%, 04/15/2030		320,000		326,578
Ford Motor Company 5.291%, 12/08/2046		30,000		16,929
General Motors Company
5.200%, 04/01/2045		125,000		99,075
6.250%, 10/02/2043		30,000		23,825
General Motors Financial of Canada, Ltd. 3.080%, 05/22/2020	CAD	150,000		105,594
Hanesbrands, Inc. 4.875%, 05/15/2026 (C)(D)	$	50,000		49,125
Hilton Domestic Operating Company, Inc. 4.250%, 09/01/2024		426,000		398,310

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Las Vegas Sands Corp. 3.500%, 08/18/2026	$	120,000	$	109,786
Lennar Corp. 4.750%, 11/29/2027		25,000		24,938
Lithia Motors, Inc. 4.625%, 12/15/2027 (C)		30,000		27,003
Lowe's Companies, Inc.
3.375%, 09/15/2025		370,000		369,747
3.700%, 04/15/2046		15,000		13,899
4.550%, 04/05/2049		125,000		138,328
McDonald's Corp.
3.350%, 04/01/2023		180,000		185,944
3.625%, 09/01/2049		150,000		151,967
4.200%, 04/01/2050		10,000		11,079
PulteGroup, Inc. 5.500%, 03/01/2026		615,000		606,430
Service Corp. International 5.125%, 06/01/2029		486,000		495,720
Starbucks Corp. 3.350%, 03/12/2050		35,000		31,964
The Home Depot, Inc. 2.500%, 04/15/2027		105,000		106,047
The William Carter Company 5.625%, 03/15/2027 (C)		15,000		14,378
Toll Brothers Finance Corp. 4.875%, 11/15/2025 (D)		50,000		47,500
Wynn Las Vegas LLC 5.250%, 05/15/2027 (C)		30,000		27,150
				4,396,592
Consumer staples – 2.2%
Alimentation Couche-Tard, Inc.
2.950%, 01/25/2030 (C)		50,000		46,477
3.800%, 01/25/2050 (C)		110,000		96,590
Altria Group, Inc.
2.625%, 09/16/2026		80,000		76,400
3.875%, 09/16/2046		70,000		63,271
4.400%, 02/14/2026		100,000		103,555
4.800%, 02/14/2029		80,000		83,706
5.375%, 01/31/2044 (D)		185,000		205,206
5.800%, 02/14/2039		30,000		32,873
5.950%, 02/14/2049		90,000		104,713
Anheuser-Busch InBev Worldwide, Inc.
3.750%, 07/15/2042		299,000		283,189
4.600%, 04/15/2048		145,000		153,602
4.750%, 04/15/2058		155,000		159,203
5.450%, 01/23/2039		668,000		777,666
Archer-Daniels-Midland Company 3.250%, 03/27/2030		110,000		116,529
BAT Capital Corp.
2.789%, 09/06/2024		250,000		246,073
4.390%, 08/15/2037		70,000		64,856
4.700%, 04/02/2027		125,000		127,472
4.906%, 04/02/2030		270,000		276,962
Conagra Brands, Inc.
4.300%, 05/01/2024		95,000		98,637
4.600%, 11/01/2025		30,000		31,763
Conagra Brands, Inc. (3 month LIBOR + 0.750%) 2.552%, 10/22/2020 (E)		16,000		15,831
Constellation Brands, Inc. 2.650%, 11/07/2022		155,000		148,125
Kernel Holding SA 6.500%, 10/17/2024		200,000		150,627
Kraft Heinz Foods Company 3.000%, 06/01/2026		155,000		150,622

 

122

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Minerva Luxembourg SA 6.500%, 09/20/2026	$	255,000	$	232,156
Molson Coors Brewing Company 3.000%, 07/15/2026		270,000		253,617
NBM US Holdings, Inc. 7.000%, 05/14/2026 (C)		420,000		381,150
PepsiCo, Inc.
2.625%, 03/19/2027 (D)		80,000		83,575
3.625%, 03/19/2050		455,000		539,950
Sysco Corp. 5.950%, 04/01/2030		145,000		152,683
				5,257,079
Energy – 1.4%
Apache Corp.
4.750%, 04/15/2043		45,000		19,928
5.350%, 07/01/2049		10,000		5,035
Canadian Natural Resources, Ltd.
2.050%, 06/01/2020	CAD	50,000		35,327
2.890%, 08/14/2020		105,000		73,909
DCP Midstream Operating LP
4.950%, 04/01/2022	$	20,000		16,400
5.600%, 04/01/2044		30,000		13,280
Energy Transfer Operating LP
3.750%, 05/15/2030		105,000		82,241
4.500%, 04/15/2024		100,000		89,203
4.950%, 06/15/2028		150,000		124,184
5.000%, 05/15/2050		40,000		30,877
5.250%, 04/15/2029		225,000		190,527
6.125%, 12/15/2045		305,000		253,256
6.250%, 04/15/2049		65,000		55,010
Exxon Mobil Corp.
4.227%, 03/19/2040		245,000		283,745
4.327%, 03/19/2050		190,000		232,501
Halliburton Company 2.920%, 03/01/2030		120,000		93,600
Hess Corp.
7.125%, 03/15/2033		58,000		46,659
7.300%, 08/15/2031		100,000		85,663
MPLX LP
4.250%, 12/01/2027 (C)		160,000		138,419
4.700%, 04/15/2048 (D)		130,000		100,637
5.200%, 03/01/2047		40,000		31,917
5.200%, 12/01/2047 (C)		40,000		33,482
5.500%, 02/15/2049		15,000		12,664
6.250%, 10/15/2022 (C)		15,000		13,500
MPLX LP (3 month LIBOR + 0.900%) 1.899%, 09/09/2021 (E)		10,000		9,449
Occidental Petroleum Corp. (3 month LIBOR + 0.950%) 2.684%, 02/08/2021 (E)		10,000		7,925
Petroleos Mexicanos
6.750%, 09/21/2047		172,000		109,975
6.840%, 01/23/2030 (C)		120,000		86,822
7.690%, 01/23/2050 (C)		50,000		34,750
QEP Resources, Inc. 5.375%, 10/01/2022		40,000		18,800
Rockies Express Pipeline LLC
3.600%, 05/15/2025 (C)		150,000		103,668
4.800%, 05/15/2030 (C)		150,000		89,838
SM Energy Company 6.125%, 11/15/2022		35,000		14,809
Texas Eastern Transmission LP 2.800%, 10/15/2022 (C)		50,000		49,107
The Williams Companies, Inc.
4.900%, 01/15/2045		8,000		7,006

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
The Williams Companies, Inc. (continued)
5.100%, 09/15/2045	$	25,000	$	23,748
5.800%, 11/15/2043		30,000		29,548
6.300%, 04/15/2040		27,000		27,253
TransCanada PipeLines, Ltd. 4.625%, 03/01/2034		130,000		123,531
Tullow Oil PLC 7.000%, 03/01/2025 (C)		200,000		50,000
Valero Energy Corp. 4.000%, 04/01/2029		265,000		258,633
Western Midstream Operating LP
4.500%, 03/01/2028		15,000		7,278
4.750%, 08/15/2028		140,000		66,650
5.500%, 08/15/2048		15,000		5,705
WPX Energy, Inc. 5.250%, 09/15/2024		45,000		27,450
YPF SA 16.500%, 05/09/2022 (C)	ARS	6,797,946		57,079
				3,270,988
Financials – 11.7%
Aon Corp. 2.200%, 11/15/2022	$	185,000		184,094
Asian Development Bank 3.000%, 01/17/2023	NZD	1,935,000		1,217,646
Bank of America Corp. 7.750%, 05/14/2038	$	300,000		446,817
Bank of America Corp. (2.456% to 10-22-24, then 3 month LIBOR + 0.870%) 10/22/2025		270,000		272,284
Bank of America Corp. (3 month LIBOR + 0.650%) 2.083%, 10/01/2021 (E)		40,000		39,099
Bank of America Corp. (3.124% to 1-20-22, then 3 month LIBOR + 1.160%) 01/20/2023		35,000		35,609
Bank of America Corp. (3.194% to 7-23-29, then 3 month LIBOR + 1.180%) 07/23/2030		125,000		127,646
Bank of America Corp. (3.366% to 1-23-25, then 3 month LIBOR + 0.810%) 01/23/2026		740,000		769,425
Bank of America Corp. (3.705% to 4-24-27, then 3 month LIBOR + 1.512%) 04/24/2028		755,000		789,481
Bank of America Corp. (3.974% to 2-7-29, then 3 month LIBOR + 1.210%) 02/07/2030		215,000		232,154
Bank of America Corp. (4.083% to 3-20-50, then 3 month LIBOR + 3.150%) 03/20/2051		640,000		726,511
BNG Bank NV 1.900%, 11/26/2025	AUD	910,000		582,979
Capital One Financial Corp. 3.900%, 01/29/2024	$	205,000		205,577
Citigroup, Inc.
3.200%, 10/21/2026		225,000		233,040
4.450%, 09/29/2027		45,000		47,185
Citigroup, Inc. (2.312% to 11-4-21, then SOFR + 0.867%) 11/04/2022		485,000		482,137
Citigroup, Inc. (3.352% to 4-24-24, then 3 month LIBOR + 0.897%) 04/24/2025		385,000		396,432
Citigroup, Inc. (3.520% to 10-27-27, then 3 month LIBOR + 1.151%) 10/27/2028		125,000		125,163

 

123

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (3.980% to 3-20-29, then 3 month LIBOR + 1.338%) 03/20/2030	$	520,000	$	555,884
Citigroup, Inc. (4.075% to 4-23-28, then 3 month LIBOR + 1.192%) 04/23/2029		220,000		233,321
Citigroup, Inc. (4.412% to 3-31-30, then SOFR + 3.914%) 03/31/2031		230,000		253,064
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		437,594
DAE Funding LLC
4.500%, 08/01/2022 (C)		5,000		4,638
5.000%, 08/01/2024 (C)		5,000		4,525
Danske Bank A/S
5.000%, 01/12/2022 (C)		225,000		230,370
5.375%, 01/12/2024 (C)(D)		235,000		247,377
Fifth Third Bancorp 2.375%, 01/28/2025		205,000		199,658
Genworth Holdings, Inc. 4.900%, 08/15/2023 (D)		50,000		43,000
GTP Acquisition Partners I LLC 3.482%, 06/16/2025 (C)		730,000		734,181
HSBC Holdings PLC 2.950%, 05/25/2021		200,000		201,262
HSBC Holdings PLC (3.262% to 3-13-22, then 3 month LIBOR + 1.055%) 03/13/2023		240,000		240,350
HSBC Holdings PLC (4.583% to 6-19-28, then 3 month LIBOR + 1.535%) 06/19/2029		200,000		212,878
Industrial & Commercial Bank of China, Ltd. (3 month LIBOR + 0.750%) 2.446%, 05/21/2021 (E)		200,000		200,620
Inter-American Development Bank
2.750%, 10/30/2025	AUD	1,740,000		1,164,326
7.250%, 06/10/2021	MXN	5,530,000		234,760
International Finance Corp. 1.375%, 09/13/2024	CAD	900,000		646,781
JPMorgan Chase & Co. (3.220% to 3-1-24, then 3 month LIBOR + 1.155%) 03/01/2025	$	295,000		305,806
JPMorgan Chase & Co. (3.509% to 1-23-28, then 3 month LIBOR + 0.945%) 01/23/2029		285,000		293,690
JPMorgan Chase & Co. (3.702% to 5-6-29, then 3 month LIBOR + 1.160%) 05/06/2030		280,000		300,728
JPMorgan Chase & Co. (3.797% to 7-23-23, then 3 month LIBOR + 0.890%) 07/23/2024		295,000		308,748
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		595,000		642,607
JPMorgan Chase & Co. (4.005% to 4-23-28, then 3 month LIBOR + 1.120%) 04/23/2029		225,000		241,797
KeyCorp 2.550%, 10/01/2029		220,000		198,294
Marsh & McLennan Companies, Inc.
3.875%, 03/15/2024		175,000		183,278
4.375%, 03/15/2029		115,000		127,746
4.750%, 03/15/2039		120,000		141,372

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Massachusetts Mutual Life Insurance Company 3.729%, 10/15/2070 (C)	$	49,000	$	45,426
Metro Bank PLC (5.500% to 6-26-23, then 5 Year U.K. Treasury + 4.458%) 06/26/2028	GBP	300,000		165,548
MGIC Investment Corp. 5.750%, 08/15/2023	$	30,000		27,775
MidAmerican Energy Company
3.150%, 04/15/2050		115,000		116,599
3.650%, 08/01/2048		45,000		48,300
Morgan Stanley
2.500%, 04/21/2021		625,000		624,560
3.125%, 07/27/2026		55,000		56,853
3.625%, 01/20/2027		275,000		290,689
4.000%, 07/23/2025		68,000		72,776
Morgan Stanley (2.699% to 1-22-30, then SOFR + 1.143%) 01/22/2031		305,000		298,462
Morgan Stanley (3.591% to 7-22-27, then 3 month LIBOR + 1.340%) 07/22/2028		530,000		555,483
Morgan Stanley (4.431% to 1-23-29, then 3 month LIBOR + 1.628%) 01/23/2030		160,000		177,827
MSCI, Inc.
4.000%, 11/15/2029 (C)		25,000		24,835
5.375%, 05/15/2027 (C)		565,000		573,475
Navient Corp. 7.250%, 01/25/2022 to 09/25/2023		85,000		83,148
New York Life Global Funding 2.000%, 01/22/2025 (C)(D)		320,000		317,999
Power Finance Corp., Ltd. 3.950%, 04/23/2030 (C)		515,000		432,850
Royal Bank of Canada 2.550%, 07/16/2024		235,000		239,316
Santander Holdings USA, Inc. 3.700%, 03/28/2022		200,000		197,985
State Street Corp. (2.354% to 11-1-24, then SOFR + 0.940%) 11/01/2025		265,000		262,284
State Street Corp. (2.901% to 3-30-25, then SOFR + 2.700%) 03/30/2026 (C)		130,000		133,095
State Street Corp. (3.152% to 3-30-30, then SOFR + 2.650%) 03/30/2031 (C)		25,000		25,616
The Bank of New York Mellon Corp. 2.100%, 10/24/2024		425,000		432,495
The Goldman Sachs Group, Inc.
2.600%, 02/07/2030		180,000		169,121
6.250%, 02/01/2041		90,000		124,582
6.750%, 10/01/2037		165,000		221,897
The Goldman Sachs Group, Inc. (2.905% to 7-24-22, then 3 month LIBOR + 0.990%) 07/24/2023		215,000		216,025
The Goldman Sachs Group, Inc. (3.814% to 4-23-28, then 3 month LIBOR + 1.158%) 04/23/2029		140,000		144,732
The Goldman Sachs Group, Inc. (4.017% to 10-31-37, then 3 month LIBOR + 1.373%) 10/31/2038		235,000		235,983
The Goldman Sachs Group, Inc. (4.223% to 5-1-28, then 3 month LIBOR + 1.301%) 05/01/2029		225,000		240,240
The PNC Financial Services Group, Inc.
2.200%, 11/01/2024		405,000		419,540
2.550%, 01/22/2030		355,000		343,841

 

124

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Progressive Corp. 3.200%, 03/26/2030 (D)	$	155,000	$	168,389
Trade & Development Bank of Mongolia LLC 9.375%, 05/19/2020		400,000		380,000
Truist Bank 2.250%, 03/11/2030		620,000		568,477
UBS Group AG 2.650%, 02/01/2022 (C)		380,000		379,431
UBS Group AG (7.000% to 2-19-25, then 5 Year U.S. Swap Rate + 4.866%) 02/19/2025 (F)		200,000		193,000
UniCredit SpA 6.572%, 01/14/2022 (C)(D)		350,000		356,498
Unum Group
4.000%, 06/15/2029		80,000		76,824
4.500%, 12/15/2049		125,000		96,958
Wells Fargo & Company
2.625%, 07/22/2022		175,000		177,044
3.000%, 04/22/2026 (D)		175,000		180,125
3.000%, 10/23/2026		135,000		138,296
3.069%, 01/24/2023		605,000		614,946
3.750%, 01/24/2024		330,000		349,360
4.400%, 06/14/2046		60,000		67,520
4.900%, 11/17/2045		15,000		17,786
5.606%, 01/15/2044		15,000		18,335
Wells Fargo & Company (2.406% to 10-30-24, then 3 month LIBOR + 0.825%) 10/30/2025		465,000		458,200
Wells Fargo & Company (3.584% to 5-22-27, then 3 month LIBOR + 1.310%) 05/22/2028		325,000		340,321
Wells Fargo & Company (5.013% to 4-4-50, then 3 month LIBOR + 4.240%) 04/04/2051		105,000		133,128
Willis North America, Inc.
2.950%, 09/15/2029		90,000		85,550
3.600%, 05/15/2024		115,000		118,692
4.500%, 09/15/2028		165,000		181,148
				27,921,319
Health care – 3.2%
AbbVie, Inc.
2.950%, 11/21/2026 (C)		305,000		310,751
3.200%, 11/21/2029 (C)		515,000		525,389
4.250%, 11/21/2049 (C)		300,000		323,601
Alcon Finance Corp. 3.000%, 09/23/2029 (C)		200,000		199,127
Allergan Finance LLC 4.625%, 10/01/2042		135,000		168,927
Amgen, Inc.
1.900%, 02/21/2025		65,000		65,418
2.200%, 02/21/2027 (D)		120,000		119,383
2.450%, 02/21/2030		170,000		168,679
2.650%, 05/11/2022		155,000		156,797
3.375%, 02/21/2050 (D)		130,000		135,544
Anthem, Inc.
2.875%, 09/15/2029		160,000		155,775
3.500%, 08/15/2024		165,000		169,322
4.625%, 05/15/2042		130,000		144,597
Bausch Health Companies, Inc.
6.500%, 03/15/2022 (C)		35,000		35,350
7.000%, 03/15/2024 (C)		10,000		10,250
Baxalta, Inc. 3.600%, 06/23/2022		11,000		11,226

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Baxter International, Inc. 3.950%, 04/01/2030 (C)	$	55,000	$	59,471
Bayer US Finance II LLC 4.250%, 12/15/2025 (C)(D)		260,000		270,105
Becton, Dickinson and Company 3.363%, 06/06/2024		490,000		491,060
Bristol-Myers Squibb Company 3.400%, 07/26/2029 (C)		170,000		186,813
Centene Corp.
3.375%, 02/15/2030 (C)		5,000		4,650
4.250%, 12/15/2027 (C)		10,000		10,019
4.625%, 12/15/2029 (C)		10,000		10,050
Cigna Corp.
2.400%, 03/15/2030		80,000		75,674
4.375%, 10/15/2028		430,000		462,525
CommonSpirit Health 3.347%, 10/01/2029		145,000		136,398
CVS Health Corp.
3.750%, 04/01/2030		125,000		129,336
3.875%, 07/20/2025		179,000		184,951
4.125%, 04/01/2040		135,000		135,711
4.250%, 04/01/2050		30,000		31,189
5.050%, 03/25/2048		185,000		210,087
5.125%, 07/20/2045		170,000		194,929
GlaxoSmithKline Capital, Inc. 3.625%, 05/15/2025 (D)		325,000		350,265
Hill-Rom Holdings, Inc. 4.375%, 09/15/2027 (C)		30,000		29,550
Pfizer, Inc. 2.625%, 04/01/2030		90,000		94,441
Rede D'or Finance Sarl 4.500%, 01/22/2030 (C)(D)		680,000		589,900
Shire Acquisitions Investments Ireland DAC 2.400%, 09/23/2021		205,000		204,233
Teva Pharmaceutical Finance Netherlands III BV 3.150%, 10/01/2026		345,000		290,611
Thermo Fisher Scientific, Inc. 3.000%, 04/15/2023		40,000		41,029
UnitedHealth Group, Inc.
2.375%, 08/15/2024		170,000		174,290
2.875%, 08/15/2029		150,000		158,082
3.500%, 08/15/2039		100,000		107,548
4.750%, 07/15/2045 (D)		50,000		63,752
Zimmer Biomet Holdings, Inc. 3.050%, 01/15/2026		175,000		171,983
				7,568,788
Industrials – 2.6%
Ashtead Capital, Inc. 4.375%, 08/15/2027 (C)		605,000		559,625
Carrier Global Corp.
2.493%, 02/15/2027 (C)		95,000		90,693
2.722%, 02/15/2030 (C)		85,000		78,208
Clean Harbors, Inc.
4.875%, 07/15/2027 (C)		625,000		611,813
5.125%, 07/15/2029 (C)		5,000		4,650
CSX Corp.
2.400%, 02/15/2030 (D)		130,000		128,021
3.250%, 06/01/2027		180,000		184,886
3.350%, 09/15/2049		50,000		47,348
4.300%, 03/01/2048		50,000		54,876
4.500%, 03/15/2049		20,000		23,035
Fluor Corp. 4.250%, 09/15/2028 (D)		245,000		165,290

 

125

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
HD Supply, Inc. 5.375%, 10/15/2026 (C)	$	25,000	$	24,303
IHS Markit, Ltd. 4.125%, 08/01/2023		500,000		520,240
Ingersoll Rand Luxembourg Finance SA 4.500%, 03/21/2049		40,000		44,731
Ingersoll-Rand Global Holding Company, Ltd. 2.900%, 02/21/2021		110,000		109,060
International Airport Finance SA 12.000%, 03/15/2033 (C)		330,000		188,100
John Deere Capital Corp.
1.200%, 04/06/2023		80,000		78,320
1.750%, 03/09/2027		90,000		86,590
L3Harris Technologies, Inc.
2.900%, 12/15/2029		290,000		274,012
3.850%, 06/15/2023 (C)		260,000		270,483
Norfolk Southern Corp. 3.400%, 11/01/2049		50,000		48,592
Otis Worldwide Corp. 2.565%, 02/15/2030 (C)		965,000		934,634
Sensata Technologies BV 5.000%, 10/01/2025 (C)		75,000		71,063
Standard Industries, Inc. 5.375%, 11/15/2024 (C)		85,000		81,605
The Boeing Company 3.250%, 02/01/2035		95,000		82,484
Union Pacific Corp.
3.250%, 02/05/2050		175,000		170,042
3.839%, 03/20/2060 (C)		15,000		16,052
4.375%, 09/10/2038		345,000		392,205
United Rentals North America, Inc.
4.000%, 07/15/2030		35,000		31,325
5.500%, 07/15/2025 to 05/15/2027		110,000		107,465
United Technologies Corp.
3.650%, 08/16/2023		14,000		14,720
3.950%, 08/16/2025		185,000		202,417
4.450%, 11/16/2038		155,000		177,618
4.625%, 11/16/2048		35,000		41,418
Waste Management, Inc.
3.200%, 06/15/2026 (D)		155,000		161,314
3.450%, 06/15/2029 (D)		50,000		53,506
4.150%, 07/15/2049		30,000		34,500
				6,165,244
Information technology – 2.7%
Apple, Inc.
2.200%, 09/11/2029		665,000		682,376
3.450%, 02/09/2045		45,000		50,792
4.375%, 05/13/2045		35,000		44,556
Broadcom Corp. 3.875%, 01/15/2027		745,000		710,183
Broadcom, Inc. 4.250%, 04/15/2026 (C)		226,000		229,654
CDK Global, Inc. 5.250%, 05/15/2029 (C)		5,000		5,100
CDW LLC 4.250%, 04/01/2028		20,000		20,100
Entegris, Inc. 4.625%, 02/10/2026 (C)		25,000		23,750
Fair Isaac Corp. 4.000%, 06/15/2028 (C)		28,000		26,880
Fidelity National Information Services, Inc. 4.250%, 05/15/2028		60,000		66,664

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Fiserv, Inc. 3.200%, 07/01/2026	$	205,000	$	211,001
Global Payments, Inc. 3.200%, 08/15/2029		80,000		78,154
IBM Corp.
3.000%, 05/15/2024		240,000		250,953
3.500%, 05/15/2029		375,000		409,400
4.250%, 05/15/2049		100,000		121,790
4.700%, 02/19/2046		100,000		116,326
Intel Corp.
2.450%, 11/15/2029		305,000		310,767
3.100%, 02/15/2060		175,000		189,793
Mastercard, Inc. 3.350%, 03/26/2030		60,000		66,673
Microsoft Corp.
3.700%, 08/08/2046		70,000		83,034
3.950%, 08/08/2056		180,000		224,885
Nokia OYJ 6.625%, 05/15/2039		40,000		40,520
NortonLifeLock, Inc. 5.000%, 04/15/2025 (C)		490,000		494,743
NVIDIA Corp. 2.850%, 04/01/2030		195,000		202,671
NXP BV 4.875%, 03/01/2024 (C)		310,000		330,981
Oracle Corp.
2.500%, 04/01/2025		540,000		551,270
3.850%, 04/01/2060		540,000		543,276
4.000%, 11/15/2047		95,000		104,350
Qorvo, Inc. 5.500%, 07/15/2026		20,000		20,905
QUALCOMM, Inc.
4.650%, 05/20/2035 (D)		50,000		63,277
4.800%, 05/20/2045		160,000		213,000
Western Digital Corp. 4.750%, 02/15/2026 (D)		20,000		20,330
				6,508,154
Materials – 1.3%
Alpek SAB de CV 4.250%, 09/18/2029 (C)		200,000		163,104
Anglo American Capital PLC
4.750%, 04/10/2027 (C)		200,000		195,401
4.875%, 05/14/2025 (C)		280,000		271,686
5.625%, 04/01/2030 (C)		200,000		203,033
Ball Corp. 4.000%, 11/15/2023		570,000		574,275
Commercial Metals Company 5.375%, 07/15/2027		20,000		18,400
DuPont de Nemours, Inc. 4.205%, 11/15/2023		340,000		356,752
Ecolab, Inc. 4.800%, 03/24/2030		25,000		28,461
Kaiser Aluminum Corp. 4.625%, 03/01/2028 (C)		20,000		17,750
Methanex Corp. 5.650%, 12/01/2044		45,000		27,247
Metinvest BV 5.625%, 06/17/2025 (C)	EUR	195,000		145,849
Olin Corp. 5.125%, 09/15/2027	$	45,000		40,210
Suzano Austria GmbH 5.000%, 01/15/2030		500,000		440,000
Syngenta Finance NV 4.892%, 04/24/2025 (C)		200,000		196,132

 

126

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
The Chemours Company 5.375%, 05/15/2027	$	45,000	$	34,418
The Dow Chemical Company 4.800%, 05/15/2049		66,000		68,224
The Sherwin-Williams Company
2.300%, 05/15/2030		85,000		79,854
2.950%, 08/15/2029		160,000		157,076
3.300%, 05/15/2050		60,000		56,227
4.500%, 06/01/2047		55,000		59,760
				3,133,859
Real estate – 0.7%
American Tower Corp. 2.400%, 03/15/2025		135,000		133,021
Crown Castle International Corp. 3.300%, 07/01/2030		150,000		148,769
GLP Capital LP 5.300%, 01/15/2029		130,000		111,176
SBA Tower Trust
2.836%, 01/15/2025 (C)		300,000		289,770
3.168%, 04/11/2022 (C)		530,000		527,009
3.448%, 03/15/2023 (C)		435,000		439,840
VICI Properties LP 4.250%, 12/01/2026 (C)		10,000		9,175
				1,658,760
Utilities – 2.5%
American Water Capital Corp. 4.150%, 06/01/2049		110,000		121,407
AmeriGas Partners LP
5.625%, 05/20/2024		20,000		18,625
5.875%, 08/20/2026		40,000		38,312
Berkshire Hathaway Energy Company 3.250%, 04/15/2028		135,000		139,649
Centrais Eletricas Brasileiras SA 3.625%, 02/04/2025 (C)		200,000		177,652
Cleco Corporate Holdings LLC
3.375%, 09/15/2029 (C)		140,000		139,069
3.743%, 05/01/2026		54,000		52,917
4.973%, 05/01/2046		10,000		9,640
Commonwealth Edison Company
3.650%, 06/15/2046		175,000		185,327
4.000%, 03/01/2048 (D)		45,000		50,569
Dominion Energy Gas Holdings LLC 2.500%, 11/15/2024		260,000		252,626
Dominion Energy South Carolina, Inc. 5.100%, 06/01/2065 (D)		50,000		62,576
Dominion Energy, Inc. 3.375%, 04/01/2030		310,000		306,885
Duke Energy Corp. 2.650%, 09/01/2026		100,000		99,240
Duke Energy Florida LLC 3.400%, 10/01/2046		225,000		232,392
Duke Energy Indiana LLC 3.250%, 10/01/2049		155,000		156,645
Duke Energy Progress LLC 3.700%, 10/15/2046		70,000		75,462
Evergy, Inc.
2.450%, 09/15/2024		90,000		88,301
2.900%, 09/15/2029		225,000		213,144
Exelon Corp.
2.450%, 04/15/2021		50,000		49,525
2.850%, 06/15/2020		250,000		249,973
3.950%, 06/15/2025		300,000		301,371
Florida Power & Light Company 3.990%, 03/01/2049		45,000		50,750

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Georgia Power Company
2.100%, 07/30/2023	$	255,000	$	248,669
4.300%, 03/15/2042		200,000		217,409
Hydro One, Inc. 4.400%, 06/01/2020	CAD	55,000		39,209
IPALCO Enterprises, Inc. 3.700%, 09/01/2024	$	175,000		181,394
Northern States Power Company 2.900%, 03/01/2050		50,000		49,268
Oglethorpe Power Corp. 5.050%, 10/01/2048		135,000		136,599
Oncor Electric Delivery Company LLC
3.100%, 09/15/2049		45,000		43,713
5.750%, 03/15/2029		70,000		85,382
PacifiCorp 4.150%, 02/15/2050		45,000		50,606
Public Service Electric & Gas Company 3.800%, 03/01/2046		50,000		53,098
Public Service Enterprise Group, Inc. 2.875%, 06/15/2024		220,000		219,301
Puget Energy, Inc. 3.650%, 05/15/2025		250,000		244,479
Sempra Energy
3.400%, 02/01/2028		200,000		200,588
3.800%, 02/01/2038		85,000		79,802
4.000%, 02/01/2048		25,000		23,964
Southern California Edison Company
2.250%, 06/01/2030		210,000		194,894
2.850%, 08/01/2029		150,000		144,705
3.650%, 02/01/2050		130,000		125,180
4.000%, 04/01/2047		72,000		74,944
4.125%, 03/01/2048		38,000		40,570
The AES Corp.
4.500%, 03/15/2023		15,000		14,700
5.125%, 09/01/2027		5,000		5,012
The Connecticut Light & Power Company 4.000%, 04/01/2048		45,000		50,240
The Southern Company
2.950%, 07/01/2023		70,000		70,411
3.250%, 07/01/2026 (D)		180,000		181,542
4.400%, 07/01/2046		5,000		5,227
Union Electric Company 4.000%, 04/01/2048		45,000		50,184
Xcel Energy, Inc. 3.500%, 12/01/2049		85,000		74,900
				5,978,047
TOTAL CORPORATE BONDS (Cost $84,118,660)			$	83,201,142
MUNICIPAL BONDS – 1.1%
Chicago Board of Education (Illinois)
6.038%, 12/01/2029		30,000		29,938
6.138%, 12/01/2039		155,000		152,133
6.319%, 11/01/2029		185,000		185,792
Municipal Electric Authority of Georgia 6.637%, 04/01/2057		200,000		261,848
Philadelphia Authority for Industrial Development (Pennsylvania) 6.550%, 10/15/2028		675,000		884,034
State of California
7.300%, 10/01/2039		30,000		46,097
7.350%, 11/01/2039		15,000		23,185
7.550%, 04/01/2039		175,000		283,973
7.600%, 11/01/2040		15,000		24,962

 

127

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
State of California (continued)
7.625%, 03/01/2040	$	20,000	$	32,266
State of Illinois, GO
4.950%, 06/01/2023		414,545		418,177
5.000%, 01/01/2023		40,000		42,892
5.563%, 02/01/2021		80,000		82,449
5.947%, 04/01/2022		120,000		128,466
TOTAL MUNICIPAL BONDS (Cost $2,495,579)			$	2,596,212
TERM LOANS (G) – 1.4%
Communication services – 0.3%
Clear Channel Outdoor Holdings, Inc., Term Loan B (1 month LIBOR + 3.500%) 4.489%, 08/21/2026		139,300		117,012
CSC Holdings LLC, 2019 Term Loan B5 (1 month LIBOR + 2.500%) 3.112%, 04/15/2027		98,750		94,141
Formula One Management, Ltd., 2018 USD Term Loan (1 month LIBOR + 2.500%) 3.500%, 02/01/2024		131,829		117,046
ION Media Networks, Inc., 2019 Term Loan B (1 month LIBOR + 3.000%) 4.000%, 12/18/2024		204,973		186,526
Sprint Communications, Inc., 1st Lien Term Loan B (1 month LIBOR + 2.500%) 3.500%, 02/02/2024		135,800		134,782
Terrier Media Buyer, Inc., Term Loan B (3 month LIBOR + 4.250%) 5.700%, 12/17/2026		109,725		96,832
				746,339
Consumer discretionary – 0.3%
Adient US LLC, Term Loan B (3 month LIBOR + 4.000%) 5.522%, 05/06/2024		99,250		85,851
APX Group, Inc. 2020 Term Loan (2 month LIBOR + 5.000%) 6.704%, 12/31/2025		197,500		161,456
Bass Pro Group LLC, Term Loan B (1 month LIBOR + 5.000%) 5.989%, 09/25/2024		97,500		81,413
Boyd Gaming Corp., Term Loan B3 (1 week LIBOR + 2.250%) 2.934%, 09/15/2023		70,198		60,392
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B (1 month LIBOR + 2.750%) 3.739%, 12/23/2024		108,786		87,464
Clarios Global LP, USD Term Loan B (1 month LIBOR + 3.500%) 4.441%, 04/30/2026		99,500		90,545
Golden Entertainment, Inc., 2017 1st Lien Term Loan (1 month LIBOR + 3.000%) 3.960%, 10/21/2024		120,625		90,469
Staples, Inc., 7 Year Term Loan (1 month LIBOR + 5.000%) 6.515%, 04/16/2026		127,412		100,019
				757,609
Consumer staples – 0.2%
Brightview Landscapes LLC, 2018 1st Lien Term Loan B (1 month LIBOR + 2.500%) 3.294%, 08/15/2025		170,518		159,860
Coty, Inc., 2018 USD Term Loan B (1 month LIBOR + 2.250%) 3.255%, 04/07/2025		166,853		131,939
Reynolds Group Holdings, Inc., USD 2017 Term Loan (1 month LIBOR + 2.750%) 3.739%, 02/05/2023		115,444		108,806

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (G) (continued)
Consumer staples (continued)
Sunshine Luxembourg VII Sarl, USD Term Loan B1 (6 month LIBOR + 4.250%) 5.322%, 10/01/2026	$	149,625	$	133,765
				534,370
Energy – 0.0%
California Resources Corp., Second Out Term Loan (3 month LIBOR + 10.375%) 11.988%, 12/31/2021		110,000		5,185
Foresight Energy LLC, 2017 1st Lien Term Loan 0.000%, 03/28/2022 (H)		121,338		15,774
				20,959
Financials – 0.1%
Asurion LLC, 2018 Term Loan B6 (1 month LIBOR + 3.000%) 3.989%, 11/03/2023		185,391		176,121
Sedgwick Claims Management Services, Inc., 2019 Term Loan B (1 month LIBOR + 4.000%) 4.989%, 09/03/2026		133,988		120,086
				296,207
Health care – 0.2%
Bausch Health Americas, Inc., 2018 Term Loan B (1 month LIBOR + 3.000%) 3.612%, 06/02/2025		82,500		78,066
Change Healthcare Holdings LLC, 2017 Term Loan B (1 month LIBOR + 2.500%) 3.500%, 03/01/2024		112,007		105,287
Endo International PLC, 2017 Term Loan B (1 month LIBOR + 4.250%) 5.250%, 04/29/2024		145,875		130,193
MPH Acquisition Holdings LLC, 2016 Term Loan B (3 month LIBOR + 2.750%) 4.200%, 06/07/2023		97,622		85,989
				399,535
Industrials – 0.2%
AVSC Holding Corp., 2018 1st Lien Term Loan (1 and 3 month LIBOR + 3.250%) 4.888%, 03/03/2025		73,684		46,053
Brand Industrial Services, Inc., 2017 Term Loan (3 month LIBOR + 4.250%) 6.085%, 06/21/2024		194,500		154,596
Ingersoll Rand Company, Ltd., 2020 USD Term Loan (1 month LIBOR + 1.750%) 2.739%, 03/01/2027		124,319		116,238
RBS Global, Inc., 2019 Term Loan B (1 month LIBOR + 1.750%) 2.679%, 08/21/2024		50,146		45,570
TransDigm, Inc., 2020 Term Loan E (1 month LIBOR + 2.250%) 3.239%, 05/30/2025		97,689		88,653
				451,110
Information technology – 0.1%
The Ultimate Software Group, Inc., Term Loan B (1 month LIBOR + 3.750%) 4.739%, 05/04/2026		99,500		92,369
WEX, Inc. Term Loan B3 (1 month LIBOR + 2.250%) 3.239%, 05/15/2026		143,807		123,962
				216,331
TOTAL TERM LOANS (Cost $4,104,357)			$	3,422,460

 

128

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS – 18.3%
Commercial and residential – 12.9%
Alternative Loan Trust
Series 2005-27, Class 2A1 (12 month Treasury Average Index + 1.350%), 3.316%, 08/25/2035 (E)	$	165,388	$	131,284
Series 2005-56, Class 5A1 (1 month LIBOR + 0.320%), 1.267%, 11/25/2035 (E)		79,368		61,244
Series 2005-72, Class A1 (1 month LIBOR + 0.540%), 1.487%, 01/25/2036 (E)		23,860		19,854
Series 2005-7CB, Class 2A8 (1 month LIBOR + 0.450%), 1.397%, 03/01/2038 (E)		145,765		118,279
Series 2006-9T1, Class A1, 5.750%, 05/25/2036		93,543		59,680
American Home Mortgage Assets Trust
Series 2006-3, Class 2A11 (12 month Treasury Average Index + 0.940%), 2.906%, 10/25/2046 (E)		45,559		32,686
Series 2007-2, Class A1 (1 month LIBOR + 0.125%), 1.072%, 03/25/2047 (E)		23,382		16,467
Angel Oak Mortgage Trust Series 2019-3, Class A1 2.930%, 05/25/2059 (C)(I)		643,382		618,635
Angel Oak Mortgage Trust I LLC Series 2019-2, Class A1 3.628%, 03/25/2049 (C)(I)		157,339		158,437
Arroyo Mortgage Trust Series 2019-2, Class A1 3.347%, 04/25/2049 (C)(I)		719,132		683,325
BANK
Series 2017-BNK8, Class XA IO, 0.741%, 11/15/2050		4,475,304		200,502
Series 2019-BN18, Class XA IO, 0.905%, 05/15/2062		1,426,428		90,546
Series 2019-BN20, Class XA IO, 0.841%, 09/15/2062		2,459,909		149,840
Series 2019-BN22, Class XA IO, 0.604%, 11/15/2062		2,457,714		111,107
Series 2019-BN23, Class XA IO, 0.701%, 12/15/2052		1,933,694		102,097
Series 2019-BN24, Class XA IO, 0.768%, 11/15/2062		1,193,962		59,473
BBCMS Mortgage Trust
Series 2017-C1, Class XA IO, 1.498%, 02/15/2050		3,391,455		254,511
Series 2017-DELC, Class A (1 month LIBOR + 0.850%), 1.555%, 08/15/2036 (C)(E)		949,000		777,577
BBCMS Trust Series 2013-TYSN, Class A2 3.756%, 09/05/2032 (C)		330,000		328,905
BCAP LLC Trust Series 2006-AA2, Class A1 (1 month LIBOR + 0.170%) 1.117%, 01/25/2037 (E)		128,627		115,441
Bear Stearns ALT-A Trust Series 2005-10, Class 11A1 (1 month LIBOR + 0.500%) 1.447%, 01/25/2036 (E)		154,452		185,506
Bear Stearns Mortgage Funding Trust Series 2006-AR3, Class 1A1 (1 month LIBOR + 0.180%) 1.127%, 10/25/2036 (E)		14,434		11,928

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Bellemeade Re, Ltd.
Series 2019-1A, Class M1A (1 month LIBOR + 1.300%), 2.247%, 03/25/2029 (C)(E)	$	73,111	$	72,742
Series 2019-3A, Class M1A (1 month LIBOR + 1.100%), 2.047%, 07/25/2029 (C)(E)		120,961		120,367
Series 2019-4A, Class M1A (1 month LIBOR + 1.400%), 2.347%, 10/25/2029 (C)(E)		839,090		833,860
Benchmark Mortgage Trust
Series 2018-B1, Class XA IO, 0.522%, 01/15/2051		1,342,821		41,823
Series 2018-B4, Class XA IO, 0.538%, 07/15/2051		2,389,556		74,600
Series 2018-B8, Class XA IO, 0.666%, 01/15/2052		4,918,743		219,303
Series 2019-B12, Class XA IO, 1.068%, 08/15/2052		1,098,219		73,610
BX Commercial Mortgage Trust Series 2019-XL, Class A (1 month LIBOR + 0.920%) 1.625%, 10/15/2036 (C)(E)		630,564		599,783
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) 3.255%, 12/15/2037 (C)(E)		355,000		312,064
Century Plaza Towers Series 2019-CPT, Class A 2.865%, 11/13/2039 (C)		345,000		337,950
Chase Mortgage Finance Trust Series 2005-S3, Class A10 5.500%, 11/25/2035		170,484		147,648
CHL Mortgage Pass-Through Trust
Series 2005-2, Class 2A3 (1 month LIBOR + 0.680%), 1.627%, 03/25/2035 (E)		38,366		31,282
Series 2007-HY4, Class 1A1, 3.792%, 09/25/2047 (I)		105,377		87,352
CIM Trust Series 2017-7, Class A 3.000%, 04/25/2057 (C)(I)		502,356		500,848
Citigroup Commercial Mortgage Trust
Series 2014-GC23, Class XA IO, 0.953%, 07/10/2047		1,970,382		63,447
Series 2015-GC29, Class XA IO, 1.077%, 04/10/2048		1,741,264		72,925
Citigroup Mortgage Loan Trust Series 2019-E, Class A1 3.228%, 11/25/2070 (C)		260,812		267,988
COLT Mortgage Loan Trust
Series 2019-2, Class A1, 3.337%, 05/25/2049 (C)(I)		267,340		261,573
Series 2019-4, Class A1, 2.579%, 11/25/2049 (C)(I)		434,133		421,062
Commercial Mortgage Trust (Bank of America Merrill Lynch/Deutsche Bank AG) Series 2013-WWP, Class A2 3.424%, 03/10/2031 (C)		800,000		823,967

 

129

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR16, Class A4, 4.051%, 04/10/2047	$	480,000	$	507,939
Series 2014-CR17, Class A5, 3.977%, 05/10/2047		390,000		409,615
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2013-300P, Class A1, 4.353%, 08/10/2030 (C)		260,000		268,364
Series 2015-3BP, Class A, 3.178%, 02/10/2035 (C)		580,000		593,842
Series 2019-WCM, Class A (1 month LIBOR + 0.900%), 1.605%, 10/15/2036 (C)(E)		560,000		503,788
CSAIL Commercial Mortgage Trust
Series 2015-C1, Class A4, 3.505%, 04/15/2050		15,000		15,514
Series 2015-C2, Class XA IO, 0.757%, 06/15/2057		5,146,893		155,900
Series 2016-C6, Class XA IO, 1.897%, 01/15/2049		1,291,244		100,762
CSMC Trust Series 2017-FHA1, Class A1 3.250%, 04/25/2047 (C)(I)		248,830		238,673
Deephaven Residential Mortgage Trust
Series 2017-2A, Class A1, 2.453%, 06/25/2047 (C)(I)		72,021		69,927
Series 2019-2A, Class A1, 3.558%, 04/25/2059 (C)(I)		290,325		282,437
Series 2019-3A, Class A1, 2.964%, 07/25/2059 (C)(I)		667,413		637,402
Deutsche Alt-A Securities Mortgage Loan Trust Series 2007-AR2, Class A1 (1 month LIBOR + 0.150%) 1.097%, 03/25/2037 (E)		61,617		48,620
FREMF Mortgage Trust Series 2010-K8, Class B 5.298%, 09/25/2043 (C)(I)		520,000		518,688
GMACM Mortgage Loan Trust Series 2006-AR1, Class 1A1 3.779%, 04/19/2036 (I)		154,374		118,819
GS Mortgage Securities Trust
Series 2012-ALOH, Class A, 3.551%, 04/10/2034 (C)		670,000		664,233
Series 2014-GC20, Class A5, 3.998%, 04/10/2047		395,000		418,918
GSR Mortgage Loan Trust
Series 2006-AR1, Class 2A1, 3.932%, 01/25/2036 (I)		6,395		5,810
Series 2007-1F, Class 4A1 (1 month LIBOR + 0.300%), 1.247%, 01/25/2037 (E)		99,479		31,502
HarborView Mortgage Loan Trust
Series 2005-8, Class 1A2A (1 month LIBOR + 0.660%), 1.410%, 09/19/2035 (E)		38,618		30,076
Series 2006-12, Class 2A13 (1 month LIBOR + 0.240%), 0.990%, 12/19/2036 (E)		203,290		163,540

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
HarborView Mortgage Loan Trust (continued)
Series 2006-12, Class 2A2A (1 month LIBOR + 0.190%), 0.940%, 01/19/2038 (E)	$	75,567	$	60,246
Series 2007-7, Class 2A1B (1 month LIBOR + 1.000%), 1.947%, 10/25/2037 (E)		83,258		59,008
Home Re, Ltd. Series 2018-1, Class M1 (1 month LIBOR + 1.600%) 2.547%, 10/25/2028 (C)(E)		177,125		176,451
IndyMac INDA Mortgage Loan Trust Series 2006-AR3, Class 1A1 3.830%, 12/25/2036 (I)		59,041		48,021
JPMBB Commercial Mortgage Securities Trust Series 2014-C19, Class A4 3.997%, 04/15/2047		395,000		418,943
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class AFX 2.812%, 01/16/2037 (C)		160,000		159,074
JPMorgan Mortgage Trust Series 2006-A3, Class 3A2 3.866%, 05/25/2036 (I)		14,173		12,656
Legacy Mortgage Asset Trust
Series 2019-GS6, Class A1, 7.000%, 06/25/2059 (C)		438,503		386,434
Series 2019-GS7, Class A1, 3.250%, 11/25/2059 (C)		533,208		538,121
Lehman XS Trust Series 2006-16N, Class A4A (1 month LIBOR + 0.190%) 1.137%, 11/25/2046 (E)		157,761		126,495
LSTAR Securities Investment Trust
Series 2019-1, Class A1 (1 month LIBOR + 1.700%), 3.281%, 03/01/2024 (C)(E)		250,081		237,505
Series 2019-2, Class A1 (1 month LIBOR + 1.500%), 3.081%, 04/01/2024 (C)(E)		72,635		69,799
Series 2019-3, Class A1 (1 month LIBOR + 1.500%), 3.081%, 04/01/2024 (C)(E)		246,020		227,493
Series 2019-4, Class A1 (1 month LIBOR + 1.500%), 3.081%, 05/01/2024 (C)(E)		559,865		525,376
Luminent Mortgage Trust Series 2006-4, Class A1A (1 month LIBOR + 0.190%) 1.137%, 05/25/2046 (E)		150,463		114,041
MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 3A7 4.684%, 11/21/2034 (I)		25,441		24,003
MFA Trust Series 2017-RPL1, Class A1 2.588%, 02/25/2057 (C)(I)		105,035		103,342
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19, Class XA IO 1.003%, 12/15/2047		1,077,267		37,969

 

130

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Morgan Stanley Capital I Trust
Series 2014-150E, Class A, 3.912%, 09/09/2032 (C)	$	610,000	$	614,233
Series 2014-MP, Class A, 3.469%, 08/11/2033 (C)		475,000		476,706
Series 2017-H1, Class XA IO, 1.432%, 06/15/2050		767,944		51,236
Mortgage Insurance-Linked Notes Series 2019-1, Class M1 (1 month LIBOR + 1.900%) 2.847%, 11/26/2029 (C)(E)		407,000		386,458
MTRO Commercial Mortgage Trust Series 2019-TECH, Class D (1 month LIBOR + 1.800%) 2.505%, 12/15/2033 (C)(E)		300,000		276,151
Natixis Commercial Mortgage Securities Trust Series 2019-1776, Class C 2.906%, 10/15/2036 (C)		185,000		162,777
New Residential Advance Receivables Trust Series 2019-T4, Class AT4 2.329%, 10/15/2051 (C)		625,000		605,549
New Residential Mortgage Loan Trust
Series 2016-2A, Class A1, 3.750%, 11/26/2035 (C)(I)		386,422		397,841
Series 2016-4A, Class A1, 3.750%, 11/25/2056 (C)(I)		391,594		402,746
Series 2017-1A, Class A1, 4.000%, 02/25/2057 (C)(I)		710,554		735,532
Series 2017-2A, Class A3, 4.000%, 03/25/2057 (C)(I)		663,205		688,718
Series 2017-3A, Class A1, 4.000%, 04/25/2057 (C)(I)		519,455		537,929
Series 2017-4A, Class A1, 4.000%, 05/25/2057 (C)(I)		412,289		427,495
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%), 2.447%, 06/25/2057 (C)(E)		428,763		406,285
Series 2017-6A, Class A1, 4.000%, 08/27/2057 (C)(I)		587,066		607,574
Series 2018-1A, Class A1A, 4.000%, 12/25/2057 (C)(I)		248,337		256,725
Series 2018-4A, Class A1S (1 month LIBOR + 0.750%), 1.697%, 01/25/2048 (C)(E)		545,741		506,966
Series 2019-5A, Class A1B, 3.500%, 08/25/2059 (C)(I)		429,611		437,116
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (C)(I)		250,922		247,100
Oaktown Re II, Ltd. Series 2018-1A, Class M1 (1 month LIBOR + 1.550%) 2.497%, 07/25/2028 (C)(E)		188,112		187,123
Oaktown Re III, Ltd. Series 2019-1A, Class M1A (1 month LIBOR + 1.400%) 2.347%, 07/25/2029 (C)(E)		326,118		324,588
OBX Trust Series 2019-INV1, Class A8 4.000%, 11/25/2048 (C)(I)		422,400		419,625

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
PMT Credit Risk Transfer Trust Series 2019-1R, Class A (1 month LIBOR + 2.000%) 3.613%, 03/27/2024 (C)(E)	$	362,292	$	348,118
PRPM LLC Series 2019-GS1, Class A1 3.500%, 10/25/2024 (C)(I)		196,619		195,496
Radnor RE, Ltd. Series 2019-2, Class M1A (1 month LIBOR + 1.200%) 2.147%, 06/25/2029 (C)(E)		184,648		183,968
RALI Series Trust Series 2007-QH7, Class 1A1 (1 month LIBOR + 0.250%) 1.197%, 08/25/2037 (E)		72,972		59,839
Seasoned Credit Risk Transfer Trust Series 2019-3, Class MV 3.500%, 10/25/2058		132,211		142,940
SG Commercial Mortgage Securities Trust Series 2020-COVE, Class A 2.632%, 03/15/2037 (C)		645,000		630,658
STACR Trust Series 2018-HRP1, Class M2 (1 month LIBOR + 1.650%) 2.597%, 04/25/2043 (C)(E)		108,748		101,756
Verus Securitization Trust Series 2019-2, Class A1 3.211%, 05/25/2059 (C)(I)		320,878		314,177
WaMu Mortgage Pass-Through Certificates Series 2007-HY6, Class 1A1 3.721%, 06/25/2037 (I)		19,991		16,313
Washington Mutual Mortgage Pass-Through Certificates Series 2006-5, Class 1A1 (1 month LIBOR + 0.600%) 1.547%, 07/25/2036 (E)		30,623		18,283
Wells Fargo Commercial Mortgage Trust
Series 2014-LC16, Class A5, 3.817%, 08/15/2050		310,000		322,071
Series 2015-NXS1, Class D, 4.158%, 05/15/2048 (I)		40,000		31,856
Series 2015-NXS1, Class XA IO, 1.114%, 05/15/2048		1,645,694		70,927
Series 2015-NXS3, Class XA IO, 1.106%, 09/15/2057		3,762,101		139,595
WF-RBS Commercial Mortgage Trust Series 2014-C19, Class A5 4.101%, 03/15/2047		304,634		323,112
				30,816,446
U.S. Government Agency – 5.4%
Federal Home Loan Mortgage Corp.
Series 2019-DNA2, Class M2 (1 month LIBOR + 2.450%), 3.397%, 03/25/2049 (C)(E)		436,898		362,145
Series 2019-DNA3, Class M2 (1 month LIBOR + 2.050%), 2.997%, 07/25/2049 (C)(E)		368,381		300,150
Series 2019-HQA1, Class M2 (1 month LIBOR + 2.350%), 3.297%, 02/25/2049 (C)(E)		615,489		519,576

 

131

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 2019-HQA3, Class M2 (1 month LIBOR + 1.850%), 2.797%, 09/25/2049 (C)(E)	$	255,000	$	206,797
Series 3883, Class PB, 3.000%, 05/15/2041		118,359		126,790
Series 4139, Class PA, 2.500%, 11/15/2041		424,718		442,862
Series K064, Class X1 IO, 0.606%, 03/25/2027		2,302,205		82,804
Series K068, Class A2, 3.244%, 08/25/2027		545,000		615,019
Series K104, Class X1 IO, 1.127%, 02/25/2052		1,324,832		116,108
Federal National Mortgage Association
Series 2012-18, Class GA, 2.000%, 12/25/2041		198,813		203,109
Series 2012-21, Class PQ, 2.000%, 09/25/2041		100,870		102,995
Series 2012-52, Class PA, 3.500%, 05/25/2042		116,417		125,628
Series 2012-75, Class KC, 2.500%, 12/25/2041		203,441		211,808
Series 2014-C04, Class 1M2 (1 month LIBOR + 4.900%), 5.847%, 11/25/2024 (E)		121,246		115,373
Series 2015-48, Class QB, 3.000%, 02/25/2043		274,902		287,652
Series 2015-C04, Class 1M2 (1 month LIBOR + 5.700%), 6.647%, 04/25/2028 (E)		61,894		61,197
Series 2016-11, Class GA, 2.500%, 03/25/2046		180,544		188,052
Series 2016-38, Class NA , 3.000%, 01/25/2046		77,954		82,211
Series 2016-C02, Class 1M2 (1 month LIBOR + 6.000%), 6.947%, 09/25/2028 (E)		52,273		51,007
Series 2016-C07, Class 2M2 (1 month LIBOR + 4.350%), 5.297%, 05/25/2029 (E)		372,774		355,416
Series 2017-26, Class CG, 3.500%, 07/25/2044		293,952		313,640
Series 2017-34, Class JK, 3.000%, 05/25/2047		154,258		162,607
Series 2017-35, Class AH, 3.500%, 04/25/2053		335,903		355,239
Series 2017-49, Class JA, 4.000%, 07/25/2053		259,986		282,433
Series 2017-72, Class B, 3.000%, 09/25/2047		253,866		270,311
Series 2017-72, Class CD, 3.000%, 09/25/2047		265,296		283,113
Series 2017-84, Class KA, 3.500%, 04/25/2053		201,865		212,990
Series 2017-96, Class PA, 3.000%, 12/25/2054		319,374		335,656
Series 2017-C01, Class 1M2 (1 month LIBOR + 3.550%), 4.497%, 07/25/2029 (E)		238,528		218,208
Series 2018-19, Class DC, 3.500%, 05/25/2056		153,247		164,045

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 2018-23, Class LA, 3.500%, 04/25/2048	$	248,344	$	268,088
Series 2018-38, Class PC, 3.500%, 03/25/2045		259,213		270,254
Series 2018-70, Class HA, 3.500%, 10/25/2056		286,200		307,430
Series 2018-72, Class BA, 3.500%, 07/25/2054		366,306		388,438
Series 2018-77, Class PA, 3.500%, 02/25/2048		131,683		141,087
Series 2018-80, Class GD, 3.500%, 12/25/2047		301,754		322,217
Series 2019-12, Class HA, 3.500%, 11/25/2057		299,965		332,540
Series 2019-14, Class CA, 3.500%, 04/25/2049		286,062		311,883
Series 2019-15, Class AB, 3.500%, 05/25/2053		283,500		303,939
Series 2019-28, Class JA, 3.500%, 06/25/2059		274,149		302,481
Series 2019-41, Class AC, 2.500%, 03/25/2053		322,883		334,352
Series 2019-45, Class PT, 3.000%, 08/25/2049		425,858		456,078
Series 2019-7, Class CA, 3.500%, 11/25/2057		279,515		304,455
Series 2019-7, Class JA, 3.500%, 03/25/2049		280,217		299,917
Series 2019-HRP1, Class M2 (1 month LIBOR + 2.150%), 3.811%, 11/25/2039 (C)(E)		184,002		162,546
Series 2019-R03, Class 1M2 (1 month LIBOR + 2.150%), 3.097%, 09/25/2031 (C)(E)		241,454		197,683
Series 2019-R04, Class 2M2 (1 month LIBOR + 2.100%), 3.047%, 06/25/2039 (C)(E)		380,000		309,047
Series 415, Class A3, 3.000%, 11/25/2042		320,286		345,532
Government National Mortgage Association
Series 2006-38, Class XS IO, 6.545%, 09/16/2035		52,017		7,327
Series 2013-37, Class LG, 2.000%, 01/20/2042		298,694		309,273
				12,829,508
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $44,769,181)			$	43,645,954
ASSET BACKED SECURITIES – 10.2%
AASET Trust Series 2020-1A, Class A 3.351%, 01/16/2040 (C)		244,877		175,516
ABFC Trust Series 2006-HE1, Class A2D (1 month LIBOR + 0.220%) 1.167%, 01/25/2037 (E)		126,136		72,136
AmeriCredit Automobile Receivables Trust Series 2019-3, Class D 2.580%, 09/18/2025		295,000		277,861

 

132

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Atrium XII Series 12A, Class AR (3 month LIBOR + 0.830%) 2.632%, 04/22/2027 (C)(E)	$	765,000	$	735,724
Avery Point IV CLO, Ltd. Series 2014-1A, Class AR (3 month LIBOR + 1.100%) 2.894%, 04/25/2026 (C)(E)		288,879		286,131
Bayview Koitere Fund Trust
Series 2017-RT4, Class A 3.500%, 07/28/2057 (C)(I)		544,646		542,480
Series 2017-SPL3, Class A 4.000%, 11/28/2053 (C)(I)		214,056		213,661
Bayview Mortgage Fund IVc Trust Series 2017-RT3, Class A 3.500%, 01/28/2058 (C)(I)		369,973		363,057
Bayview Opportunity Master Fund IVa Trust
Series 2017-SPL1, Class A 4.000%, 10/28/2064 (C)(I)		463,850		463,428
Series 2017-SPL5, Class A 3.500%, 06/28/2057 (C)(I)		278,904		272,697
Bayview Opportunity Master Fund IVb Trust Series 2017-SPL4, Class A 3.500%, 01/28/2055 (C)(I)		236,249		234,292
CAL Funding II, Ltd. Series 2012-1A, Class A 3.470%, 10/25/2027 (C)		51,667		51,126
Carlyle Global Market Strategies CLO, Ltd. Series 2015-2A, Class A1R (3 month LIBOR + 0.780%) 2.574%, 04/27/2027 (C)(E)		619,286		599,059
CIG Auto Receivables Trust Series 2017-1A, Class A 2.710%, 05/15/2023 (C)		15,799		15,748
Credit Acceptance Auto Loan Trust Series 2017-3A, Class A 2.650%, 06/15/2026 (C)		156,912		156,063
Domino's Pizza Master Issuer LLC
Series 2018-1A, Class A2I 4.116%, 07/25/2048 (C)		364,450		351,884
Series 2019-1A, Class A2 3.668%, 10/25/2049 (C)		174,563		155,678
Drive Auto Receivables Trust Series 2019-4, Class D 2.700%, 02/16/2027		255,000		236,804
Exeter Automobile Receivables Trust
Series 2019-4A, Class D 2.580%, 09/15/2025 (C)		570,000		540,723
Series 2020-1A, Class D 2.730%, 12/15/2025 (C)		170,000		137,796
First Franklin Mortgage Loan Trust Series 2006-FF12, Class A5 (1 month LIBOR + 0.310%) 1.257%, 09/25/2036 (E)		240,000		179,062
GSAA Home Equity Trust
Series 2006-10, Class AF3 5.985%, 06/25/2036 (I)		164,914		63,615
Series 2006-15, Class AF6 5.876%, 09/25/2036		414,412		155,886
Series 2006-20, Class 2A1A (1 month LIBOR + 0.050%) 0.997%, 12/25/2046 (E)		299,343		174,086

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
GSAA Trust Series 2005-7, Class AF4 5.058%, 05/25/2035	$	282,417	$	288,998
GSAMP Trust Series 2007-FM2, Class A2B (1 month LIBOR + 0.090%) 1.037%, 01/25/2037 (E)		240,166		134,998
LCM XX LP Series 2020-A, Class AR (3 month LIBOR + 1.040%) 2.859%, 10/20/2027 (C)(E)		490,000		475,697
Legacy Mortgage Asset Trust Series 2018-GS1, Class A1 4.000%, 03/25/2058 (C)		800,876		771,923
Madison Park Funding XII, Ltd. Series 2014-12A, Class B1R (3 month LIBOR + 1.650%) 3.469%, 07/20/2026 (C)(E)		530,000		525,308
MFA LLC Series 2017-NPL1, Class A1 3.352%, 11/25/2047 (C)		420,759		428,460
New Residential Mortgage LLC Series 2018-FNT2, Class A 3.790%, 07/25/2054 (C)		674,360		673,030
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (C)		368,722		367,659
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (C)		229,305		228,270
OCP CLO, Ltd. Series 2015-9A, Class A1R (3 month LIBOR + 0.800%) 2.631%, 07/15/2027 (C)(E)		481,968		464,717
OnDeck Asset Securitization Trust II LLC Series 2019-1A, Class A 2.650%, 11/18/2024 (C)		515,000		510,535
OneMain Financial Issuance Trust Series 2017-1A, Class A1 2.370%, 09/14/2032 (C)		544,183		534,720
OZLM XII, Ltd. Series 2015-12A, Class A1R (3 month LIBOR + 1.050%) 2.820%, 04/30/2027 (C)(E)		1,025,000		998,257
Palmer Square Loan Funding, Ltd. Series 2018-5A, Class A1 (3 month LIBOR + 0.850%) 2.669%, 01/20/2027 (C)(E)		464,840		449,115
Pretium Mortgage Credit Partners I LLC
Series 2019-CFL1, Class A1 3.721%, 01/25/2059 (C)		349,689		301,076
Series 2019-NPL3, Class A1 3.105%, 07/27/2059 (C)		463,149		401,812
Series 2020-NPL1, Class A1 2.858%, 05/27/2059 (C)		564,961		397,787
Securitized Asset Backed Receivables LLC Trust Series 2006-HE1, Class A2B (1 month LIBOR + 0.090%) 1.037%, 07/25/2036 (E)		145,873		60,226
Shackleton VIII CLO, Ltd. Series 2015-8A, Class A1R (3 month LIBOR + 0.920%) 2.747%, 10/20/2027 (C)(E)		1,279,318		1,216,655
SoFi Consumer Loan Program LLC
Series 2016-2, Class A 3.090%, 10/27/2025 (C)		30,180		29,623

 

133

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 2016-3, Class A 3.050%, 12/26/2025 (C)	$	35,451	$	35,109
Series 2017-1, Class A 3.280%, 01/26/2026 (C)		42,250		41,489
Series 2017-3, Class A 2.770%, 05/25/2026 (C)		30,151		29,889
Series 2017-4, Class A 2.500%, 05/26/2026 (C)		61,147		58,256
Soundview Home Loan Trust Series 2007-OPT2, Class 2A3 (1 month LIBOR + 0.180%) 1.127%, 07/25/2037 (E)		35,421		29,951
Springleaf Funding Trust Series 2016-AA, Class A 2.900%, 11/15/2029 (C)		72,918		72,300
Springleaf Funding Trust Series 2017-AA, Class A 2.680%, 07/15/2030 (C)		900,000		862,294
TICP CLO III-2, Ltd. Series 2018-3R, Class A (3 month LIBOR + 0.840%) 2.659%, 04/20/2028 (C)(E)		390,000		378,304
Towd Point Mortgage Trust
Series 2015-3, Class A1B 3.000%, 03/25/2054 (C)(I)		18,366		18,305
Series 2015-4, Class A1B 2.750%, 04/25/2055 (C)(I)		74,779		74,414
Series 2016-2, Class A1A 2.750%, 08/25/2055 (C)(I)		234,819		231,633
Series 2016-3, Class A1 2.250%, 04/25/2056 (C)(I)		276,094		273,147
Series 2017-1, Class A1 2.750%, 10/25/2056 (C)(I)		717,086		717,374
Series 2017-2, Class A1 2.750%, 04/25/2057 (C)(I)		175,071		171,499
Series 2017-3, Class A1 2.750%, 07/25/2057 (C)(I)		321,242		315,016
Series 2017-4, Class A1 2.750%, 06/25/2057 (C)(I)		490,894		475,342
Series 2017-5, Class A1 (1 month LIBOR + 0.600%) 1.547%, 02/25/2057 (C)(E)		373,051		359,943
Venture XXI CLO, Ltd. Series 2015-21A, Class AR (3 month LIBOR + 0.880%) 2.711%, 07/15/2027 (C)(E)		852,071		812,193
Vericrest Opportunity Loan Trust
Series 2019-NPL7, Class A1A 3.179%, 10/25/2049 (C)		405,589		359,044
Series 2019-NPL8, Class A1A 3.278%, 11/25/2049 (C)		553,353		492,362
VOLT LXIV LLC Series 2017-NP11, Class A1 3.375%, 10/25/2047 (C)		255,897		233,041
VOLT LXXX LLC Series 2019-NPL6, Class A1A 3.228%, 10/25/2049 (C)		540,738		494,979
VOLT LXXXIII LLC Series 2019-NPL9, Class A1A 3.327%, 11/26/2049 (C)		217,155		192,103
VOLT LXXXIV LLC Series 2019-NP10, Class A1A 3.426%, 12/27/2049 (C)		754,743		694,045

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Wendy's Funding LLC Series 2018-1A, Class A2II 3.884%, 03/15/2048 (C)	$	229,713	$	207,952
Westlake Automobile Receivables Trust
Series 2017-2A, Class D 3.280%, 12/15/2022 (C)		535,000		532,933
Series 2019-3A, Class D 2.720%, 11/15/2024 (C)		420,000		388,320
Wingstop Funding LLC Series 2018-1, Class A2 4.970%, 12/05/2048 (C)		212,850		204,662
TOTAL ASSET BACKED SECURITIES (Cost $25,955,124)			$	24,469,278
PURCHASED OPTIONS – 0.0%
Puts – 0.0%
Over the Counter Option on 10 Year Interest Rate Swap. Receive a floating rate based on 3-month USD LIBOR and pay a fixed rate of 1.700% (Expiration Date: 11-23-20; Strike Rate: 1.700%; Counterparty: Bank of America N.A.) (J)(K)		1,465,000		3,937
TOTAL PURCHASED OPTIONS (Cost $36,698)			$	3,937
CERTIFICATE OF DEPOSIT – 0.0%
Credit Agricole Corporate and Investment Bank (3 month LIBOR + 0.400%) 1.604%, 09/24/2020 (E)	$	50,000		49,917
TOTAL CERTIFICATE OF DEPOSIT (Cost $50,004)			$	49,917
SHORT-TERM INVESTMENTS – 3.8%
Banker's acceptance – 0.0%
HSBC Bank Canada 1.896%, 04/15/2020 *	CAD	10,000		7,103
Royal Bank of Canada 1.796%, 04/30/2020 *		40,000		28,400
				35,503
Foreign government – 0.9%
Italy Treasury Bill
(0.348)%, 05/29/2020 *	EUR	55,000		60,673
(0.335)%, 05/14/2020 *		35,000		38,606
(0.287)%, 11/27/2020 *		25,000		27,548
Japan Treasury Discount Bill
(0.235)%, 06/15/2020 *	JPY	8,250,000		76,760
(0.137)%, 06/01/2020 *		110,350,000		1,026,644
(0.127)%, 05/18/2020 *		21,850,000		203,265
(0.124)%, 05/07/2020 *		6,450,000		59,999
(0.121)%, 04/27/2020 *		62,800,000		584,135
Province of British Columbia 1.740%, 07/02/2020 *	CAD	100,000		70,983
				2,148,613
Short-term funds – 1.7%
John Hancock Collateral Trust, 1.1260% (L)(M)		404,857		4,047,562

 

134

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 1.2%
Deutsche Bank Tri-Party Repurchase Agreement dated 3-31-20 at 0.020% to be repurchased at $2,700,002 on 4-1-20, collateralized by $2,573,882 Federal Home Loan Mortgage Corp., 4.000% due 6-1-49 (valued at $2,754,001)	$	2,700,000	$	2,700,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,920,326)			$	8,931,678
Total Investments (Investment Quality Bond Trust) (Cost $332,044,449) – 142.4%			$	340,078,454
Other assets and liabilities, net – (42.4%)				(101,192,078)
TOTAL NET ASSETS – 100.0%			$	238,886,376

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

Security Abbreviations and Legend
GO	General Obligation
ICE	Intercontinental Exchange
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

Investment Quality Bond Trust (continued)

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)	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 $66,373,794 or 27.8% of the fund's net assets as of 3-31-20.
(D)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $3,958,468.
(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)	Non-income producing - Issuer is in default.
(I)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(J)	Non-income producing security.
(K)	For this type of option, notional amounts are equivalent to number of contracts.
(L)	The rate shown is the annualized seven-day yield as of 3-31-20.
(M)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year U.S. Treasury Note Futures	26	Long	Jun 2020	$3,570,188	$3,605,875	$35,687
2-Year U.S. Treasury Note Futures	51	Long	Jun 2020	11,215,288	11,239,523	24,235
5-Year U.S. Treasury Note Futures	62	Long	Jun 2020	7,604,277	7,772,281	168,004
10-Year Ultra U.S. Treasury Bond Futures	22	Short	Jun 2020	(3,319,815)	(3,432,688)	(112,873)
Euro-Buxl Futures	1	Short	Jun 2020	(240,829)	(231,499)	9,330
U.S. Treasury Long Bond Futures	14	Short	Jun 2020	(2,505,006)	(2,506,875)	(1,869)
Ultra U.S. Treasury Bond Futures	27	Short	Jun 2020	(5,665,543)	(5,990,625)	(325,082)
						$(202,568)

^ 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
EUR	648,000	USD	713,357	JPM	6/17/2020	$3,398	—
EUR	321,000	USD	349,445	MSI	6/17/2020	5,614	—
GBP	94,000	USD	110,907	JPM	6/17/2020	6,006	—
USD	1,843,246	AUD	2,791,000	NWM	5/29/2020	126,171	—
USD	7,662	CAD	10,000	MSI	4/15/2020	555	—
USD	30,228	CAD	40,000	BNP	4/30/2020	1,795	—
USD	90,713	CAD	120,000	MSI	5/22/2020	5,400	—
USD	22,694	CAD	30,000	NWM	5/22/2020	1,366	—
USD	671,832	CAD	892,000	HUS	5/29/2020	37,645	—

135

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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	37,596	CAD	50,000	DB	6/1/2020	$2,047	—
USD	41,491	CAD	55,000	MSI	6/1/2020	2,387	—
USD	76,628	CAD	100,000	MSI	7/2/2020	5,508	—
USD	64,096	CAD	85,000	SSB	7/7/2020	3,643	—
USD	11,414	CAD	15,000	CITI	8/14/2020	744	—
USD	38,265	CAD	50,000	JPM	8/14/2020	2,700	—
USD	30,160	CAD	40,000	MSI	8/14/2020	1,708	—
USD	226,131	CAD	300,000	HUS	11/25/2020	12,672	—
USD	39,229	EUR	35,000	JPM	5/14/2020	565	—
USD	61,911	EUR	55,000	GSI	5/29/2020	1,118	—
USD	1,815,277	EUR	1,621,000	DB	6/17/2020	22,282	—
USD	27,980	EUR	25,000	MSI	11/27/2020	189	—
USD	314,108	GBP	251,000	SCB	6/17/2020	1,925	—
USD	576,475	JPY	62,800,000	JPM	4/27/2020	—	$(8,228)
USD	59,434	JPY	6,450,000	JPM	5/7/2020	—	(650)
USD	199,971	JPY	21,850,000	MSI	5/18/2020	—	(3,657)
USD	1,015,438	JPY	110,350,000	JPM	6/1/2020	—	(13,520)
USD	78,924	JPY	8,250,000	MSI	6/15/2020	1,955	—
USD	272,467	MXN	5,530,000	GSI	6/10/2021	52,926	—
USD	1,348,277	NZD	2,061,000	MSI	4/30/2020	118,758	—
						$419,077	$(26,055)

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	—	$(1,665,701)	$(1,665,701)
JPM	2,100,000	USD	Fixed 3.425%	USD LIBOR BBA	Semi-Annual	Quarterly	Jun 2039	—	(1,006,046)	(1,006,046)
								—	$(2,671,747)	$(2,671,747)
Centrally cleared	3,540,000	USD	Fixed 2.360%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(291,849)	(291,849)
Centrally cleared	4,720,000	USD	Fixed 2.358%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(388,708)	(388,708)
Centrally cleared	3,445,000	USD	Fixed 2.363%	USD LIBOR BBA	Semi-Annual	Quarterly	Apr 2024	—	(284,403)	(284,403)
Centrally cleared	520,000	USD	USD LIBOR BBA	Fixed 0.482%	Semi-Annual	Quarterly	Apr 2025	—	(915)	(915)
Centrally cleared	1,620,000	USD	Fixed 1.625%	USD Federal Funds Rate Compounded OIS	Annual	Annual	Nov 2026	—	(142,739)	(142,739)
Centrally cleared	1,440,000	USD	Fixed 1.727%	USD LIBOR BBA	Semi-Annual	Quarterly	Oct 2029	—	(144,442)	(144,442)
Centrally cleared	865,000	USD	Fixed 1.721%	USD LIBOR BBA	Semi-Annual	Quarterly	Oct 2029	—	(86,254)	(86,254)
Centrally cleared	445,000	USD	Fixed 1.716%	USD LIBOR BBA	Semi-Annual	Quarterly	Oct 2029	—	(44,154)	(44,154)
Centrally cleared	720,000	USD	Fixed 1.769%	USD LIBOR BBA	Semi-Annual	Quarterly	Oct 2029	—	(75,256)	(75,256)
Centrally cleared	650,000	USD	Fixed 1.766%	USD LIBOR BBA	Semi-Annual	Quarterly	Oct 2029	—	(67,715)	(67,715)
Centrally cleared	1,390,000	USD	Fixed 0.836%	USD LIBOR BBA	Semi-Annual	Quarterly	Mar 2030	—	(16,635)	(16,635)
Centrally cleared	1,640,000	USD	Fixed 2.750%	USD LIBOR BBA	Semi-Annual	Quarterly	Dec 2047	$(34,179)	(757,459)	(791,638)
								$(34,179)	$(2,300,529)	$(2,334,708)
								$(34,179)	$(4,972,276)	$(5,006,455)

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	13.870%	110,000	USD	$110,000	3.000%	Monthly	May 2063	$(17,777)	$(6,052)	$(23,829)
GSI	CMBX.NA.BBB-.6	13.870%	140,000	USD	140,000	3.000%	Monthly	May 2063	(22,470)	(7,858)	(30,328)
GSI	CMBX.NA.BBB-.6	13.870%	1,335,000	USD	1,335,000	3.000%	Monthly	May 2063	(82,325)	(210,104)	(292,429)
GSI	CMBX.NA.BBB-.6	13.870%	1,390,000	USD	1,390,000	3.000%	Monthly	May 2063	(86,621)	(217,856)	(304,477)
MSI	CMBX.NA.BBB-.6	13.870%	255,000	USD	255,000	3.000%	Monthly	May 2063	(39,833)	(15,408)	(55,241)
MSI	CMBX.NA.BBB-.6	13.870%	130,000	USD	130,000	3.000%	Monthly	May 2063	(20,646)	(7,516)	(28,162)
MSI	CMBX.NA.BBB-.6	13.870%	115,000	USD	115,000	3.000%	Monthly	May 2063	(18,612)	(6,301)	(24,913)
MSI	CMBX.NA.BBB-.6	13.870%	69,000	USD	69,000	3.000%	Monthly	May 2063	(11,173)	(3,775)	(14,948)
					$3,544,000				$(299,457)	$(474,870)	$(774,327)
Centrally cleared	CDX.NA.HY.33	6.485%	78,400	USD	78,400	5.000%	Quarterly	Dec 2024	4,948	(9,830)	(4,882)

136

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Investment Quality 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	CDX.NA.IG.33	1.065%	2,535,000	USD	$2,535,000	1.000%	Quarterly	Dec 2024	$61,028	$(69,282)	$(8,254)
Centrally cleared	CDX.EM.33	3.400%	2,125,000	USD	2,125,000	1.000%	Quarterly	Jun 2025	(254,067)	7,206	(246,861)
					$4,738,400				$(188,091)	$(71,906)	$(259,997)
					$8,282,400				$(487,548)	$(546,776)	$(1,034,324)

Derivatives Currency Abbreviations
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
MXN	Mexican Peso
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
HUS	HSBC Bank USA, N.A.
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) - 82.6%
Equity - 82.6%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	1,514,127	$	23,968,626
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $27,877,663)		$	23,968,626
UNAFFILIATED INVESTMENT COMPANIES - 17.5%
Exchange-traded funds - 17.5%
Financial Select Sector SPDR Fund	24,371		507,404
Vanguard Energy ETF	9,482		362,402
Vanguard FTSE Emerging Markets ETF	45,154		1,514,917
Vanguard Health Care ETF	1,271		211,100
Vanguard Information Technology ETF	3,409		722,367
Vanguard Materials ETF	1,267		121,923
Vanguard Mid-Cap ETF	6,681		879,554
Vanguard Real Estate ETF	4,229		295,396
Vanguard Small-Cap ETF	4,095		472,727
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $6,102,271)		$	5,087,790

Lifestyle Aggressive Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	12,774	$	12,774
TOTAL SHORT-TERM INVESTMENTS (Cost $12,774)		$	12,774
Total Investments (Lifestyle Aggressive Portfolio) (Cost $33,992,708) - 100.1%		$	29,069,190
Other assets and liabilities, net - (0.1%)			(37,992)
TOTAL NET ASSETS - 100.0%		$	29,031,198

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 3-31-20.

 

137

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Lifestyle Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 49.7%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	26,027,518	$	412,015,615
Fixed income - 50.3%
Select Bond, Series NAV, JHVIT (MIM US) (B)	30,103,712		417,538,480
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $856,358,068)		$	829,554,095
Total Investments (Lifestyle Balanced Portfolio) (Cost $856,358,068) - 100.0%		$	829,554,095
Other assets and liabilities, net - (0.0%)			(64,660)
TOTAL NET ASSETS - 100.0%		$	829,489,435

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 - 20.2%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	2,329,037	$	36,868,659
Fixed income - 79.8%
Select Bond, Series NAV, JHVIT (MIM US) (B)	10,526,995		146,009,424
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $185,725,632)		$	182,878,083
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	621		621
TOTAL SHORT-TERM INVESTMENTS (Cost $621)		$	621
Total Investments (Lifestyle Conservative Portfolio) (Cost $185,726,253) - 100.0%		$	182,878,704
Other assets and liabilities, net - (0.0%)			(22,350)
TOTAL NET ASSETS - 100.0%		$	182,856,354

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 3-31-20.

Lifestyle Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 68.9%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	214,372,137	$	3,393,510,926

Lifestyle Growth Portfolio (continued)

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Fixed income - 31.1%
Select Bond, Series NAV, JHVIT (MIM US) (B)	110,451,963	$	1,531,968,725
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,161,677,968)		$	4,925,479,651
Total Investments (Lifestyle Growth Portfolio) (Cost $5,161,677,968) - 100.0%		$	4,925,479,651
Other assets and liabilities, net - (0.0%)			(291,169)
TOTAL NET ASSETS - 100.0%		$	4,925,188,482

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 - 39.8%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	6,648,496	$	105,245,684
Fixed income - 60.2%
Select Bond, Series NAV, JHVIT (MIM US) (B)	11,471,682		159,112,227
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $271,555,552)		$	264,357,911
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	338		338
TOTAL SHORT-TERM INVESTMENTS (Cost $338)		$	338
Total Investments (Lifestyle Moderate Portfolio) (Cost $271,555,890) - 100.0%		$	264,358,249
Other assets and liabilities, net - (0.0%)			(28,682)
TOTAL NET ASSETS - 100.0%		$	264,329,567

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 3-31-20.

Managed Volatility Aggressive Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 77.1%
Equity - 77.1%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	869,370	$	26,028,935
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	2,145,631		19,117,571
Equity Income, Series NAV, JHVIT (T. Rowe Price)	2,388,926		26,039,290
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	672,579		26,506,350
Mid Cap Stock, Series NAV, JHVIT (Wellington)	638,482		9,813,466

 

138

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Managed Volatility Aggressive Portfolio (continued)

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Equity (continued)
Mid Value, Series NAV, JHVIT (T. Rowe Price)		1,442,211	$	9,879,142
Multifactor Developed International ETF, JHETF (DFA)		448,772		10,187,124
Multifactor Emerging Markets ETF, JHETF (DFA)		428,401		8,478,056
Multifactor Large Cap ETF, JHETF (DFA)		472,860		15,169,349
Multifactor Mid Cap ETF, JHETF (DFA)		255,531		7,259,636
Multifactor Small Cap ETF, JHETF (DFA)		557,415		10,596,459
Small Cap Growth, Class NAV, JHF II (Redwood) (C)		241,518		3,477,853
Small Cap Value, Series NAV, JHVIT (Wellington)		300,852		3,477,853
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)		3,469,796		54,926,873
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $281,562,160)			$	230,957,957
UNAFFILIATED INVESTMENT COMPANIES - 9.9%
Equity - 9.9%
Fidelity 500 Index Fund		38,984		3,511,309
Fidelity International Index Fund		786,211		25,999,992
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $33,329,769)			$	29,511,301
SHORT-TERM INVESTMENTS - 1.9%
Commercial paper - 0.1%
The University of California 1.750%, 04/02/2020 *	$	105,000		104,556

Managed Volatility Aggressive Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Commercial paper (continued)
The University of Chicago 1.630%, 04/27/2020 *	$	110,000	$	109,863
				214,419
Short-term funds - 1.8%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		5,485,287		5,485,287
TOTAL SHORT-TERM INVESTMENTS (Cost $5,700,152)			$	5,699,706
Total Investments (Managed Volatility Aggressive Portfolio) (Cost $320,592,081) - 88.9%			$	266,168,964
Other assets and liabilities, net - 11.1%				33,278,685
TOTAL NET ASSETS - 100.0%			$	299,447,649

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)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
*	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 Currency Futures	144	Short	Jun 2020	$(20,172,096)	$(19,889,100)	$282,996
Euro STOXX 50 Index Futures	670	Short	Jun 2020	(18,145,752)	(20,298,753)	(2,153,001)
FTSE 100 Index Futures	129	Short	Jun 2020	(8,330,721)	(9,029,814)	(699,093)
Japanese Yen Currency Futures	95	Short	Jun 2020	(11,364,673)	(11,066,906)	297,767
MSCI Emerging Markets Index Futures	751	Short	Jun 2020	(30,609,110)	(31,650,895)	(1,041,785)
Nikkei 225 Index Futures	63	Short	Jun 2020	(10,497,992)	(10,968,238)	(470,246)
Pound Sterling Currency Futures	113	Short	Jun 2020	(8,906,364)	(8,797,050)	109,314
Russell 2000 E-Mini Index Futures	130	Short	Jun 2020	(7,606,452)	(7,459,400)	147,052
S&P 500 Index E-Mini Futures	933	Short	Jun 2020	(121,556,545)	(120,007,125)	1,549,420
S&P Mid 400 Index E-Mini Futures	160	Short	Jun 2020	(23,365,322)	(23,004,800)	360,522
						$(1,617,054)

^ 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 Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 93.7%
Equity - 46.7%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	7,206,527	$	215,763,432
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	17,906,009		159,542,538
Equity Income, Series NAV, JHVIT (T. Rowe Price)	19,568,218		213,293,575

Managed Volatility Balanced Portfolio (continued)

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Equity (continued)
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	6,345,638	$	250,081,613
Mid Cap Stock, Series NAV, JHVIT (Wellington)	3,633,298		55,843,796
Mid Value, Series NAV, JHVIT (T. Rowe Price)	8,097,870		55,470,410

 

139

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Equity (continued)
Multifactor Developed International ETF, JHETF (DFA)		4,213,014	$	95,635,418
Multifactor Emerging Markets ETF, JHETF (DFA)		3,428,739		67,854,745
Multifactor Large Cap ETF, JHETF (DFA)		4,048,820		129,886,146
Multifactor Mid Cap ETF, JHETF (DFA)		3,010,726		85,534,726
Multifactor Small Cap ETF, JHETF (DFA)		3,396,524		64,567,921
Small Cap Growth, Class NAV, JHF II (Redwood) (C)		2,086,480		30,045,310
Small Cap Value, Series NAV, JHVIT (Wellington)		2,464,702		28,491,953
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)		74,013,742		1,171,637,539
				2,623,649,122
Fixed income - 47.0%
Bond, Class NAV, JHSB (MIM US) (B)		42,878,086		676,616,204
Core Bond, Series NAV, JHVIT (Wells Capital)		17,261,950		235,280,380
Select Bond, Series NAV, JHVIT (MIM US) (B)		124,499,073		1,726,802,142
				2,638,698,726
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,627,289,114)			$	5,262,347,848
UNAFFILIATED INVESTMENT COMPANIES - 0.6%
Equity - 0.6%
Fidelity 500 Index Fund		374,160		33,700,603
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $37,166,911)			$	33,700,603
SHORT-TERM INVESTMENTS - 0.8%
Certificate of deposit - 0.2%
Credit Suisse AG (SOFR + 0.150%) 0.160%, 09/01/2020 *	$	11,515,000		11,456,926

Managed Volatility Balanced Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Commercial paper - 0.1%
The University of California 1.750%, 04/02/2020 *	$	695,000	$	692,058
The University of Chicago 1.630%, 04/27/2020 *		3,615,000		3,610,497
Yale University 1.600%, 06/04/2020 *		2,770,000		2,763,848
				7,066,403
Short-term funds - 0.5%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		26,029,213		26,029,213
TOTAL SHORT-TERM INVESTMENTS (Cost $44,609,019)			$	44,552,542
Total Investments (Managed Volatility Balanced Portfolio) (Cost $5,709,065,044) - 95.1%			$	5,340,600,993
Other assets and liabilities, net - 4.9%				273,107,971
TOTAL NET ASSETS - 100.0%			$	5,613,708,964

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
SOFR	Secured Overnight Financing Rate
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
*	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 Currency Futures	1,149	Short	Jun 2020	$(158,445,122)	$(158,698,444)	$(253,322)
Euro STOXX 50 Index Futures	5,422	Short	Jun 2020	(147,294,682)	(164,268,419)	(16,973,737)
FTSE 100 Index Futures	987	Short	Jun 2020	(63,473,552)	(69,088,578)	(5,615,026)
Japanese Yen Currency Futures	778	Short	Jun 2020	(90,336,922)	(90,632,138)	(295,216)
MSCI Emerging Markets Index Futures	5,443	Short	Jun 2020	(219,980,145)	(229,395,235)	(9,415,090)
Nikkei 225 Index Futures	521	Short	Jun 2020	(85,284,091)	(90,705,603)	(5,421,512)
Pound Sterling Currency Futures	864	Short	Jun 2020	(65,816,647)	(67,262,400)	(1,445,753)
Russell 2000 E-Mini Index Futures	1,096	Short	Jun 2020	(60,881,590)	(62,888,480)	(2,006,890)
S&P 500 Index E-Mini Futures	9,235	Short	Jun 2020	(1,151,325,137)	(1,187,851,875)	(36,526,738)
S&P Mid 400 Index E-Mini Futures	1,388	Short	Jun 2020	(191,462,508)	(199,566,640)	(8,104,132)
						$(86,057,416)

^ 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) - 96.4%
Equity - 18.6%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	672,936	$	20,147,699

140

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Managed Volatility Conservative Portfolio (continued)

		Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Equity (continued)
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)		1,017,642	$	9,067,192
Equity Income, Series NAV, JHVIT (T. Rowe Price)		1,824,647		19,888,648
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)		485,101		19,117,811
Multifactor Developed International ETF, JHETF (DFA)		19,777		448,938
Multifactor Emerging Markets ETF, JHETF (DFA)		191,981		3,799,304
Multifactor Large Cap ETF, JHETF (DFA)		317,405		10,182,352
Multifactor Mid Cap ETF, JHETF (DFA)		438,251		12,450,711
Multifactor Small Cap ETF, JHETF (DFA)		393,231		7,475,321
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)		5,459,017		86,416,242
				188,994,218
Fixed income - 77.8%
Bond, Class NAV, JHSB (MIM US) (B)		12,900,259		203,566,086
Core Bond, Series NAV, JHVIT (Wells Capital)		5,177,487		70,569,148
Select Bond, Series NAV, JHVIT (MIM US) (B)		37,388,514		518,578,690
				792,713,924
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $994,348,835)			$	981,708,142
UNAFFILIATED INVESTMENT COMPANIES - 0.4%
Equity - 0.4%
Fidelity 500 Index Fund		43,627		3,929,471
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $4,318,760)			$	3,929,471
SHORT-TERM INVESTMENTS - 0.7%
Certificate of deposit - 0.1%
Credit Suisse AG (SOFR + 0.150%) 0.160%, 09/01/2020	$	1,240,000		1,233,746

Managed Volatility Conservative Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Commercial paper - 0.1%
The University of California 1.750%, 04/02/2020 *	$	445,000	$	443,118
The University of Chicago 1.630%, 04/27/2020 *		425,000		424,471
Yale University 1.600%, 06/04/2020 *		340,000		339,245
				1,206,834
Short-term funds - 0.5%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)		4,585,755		4,585,755
TOTAL SHORT-TERM INVESTMENTS (Cost $7,034,266)			$	7,026,335
Total Investments (Managed Volatility Conservative Portfolio) (Cost $1,005,701,861) - 97.5%			$	992,663,948
Other assets and liabilities, net - 2.5%				25,942,799
TOTAL NET ASSETS - 100.0%			$	1,018,606,747

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
SOFR	Secured Overnight Financing Rate
(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 3-31-20.
*	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 Currency Futures	95	Short	Jun 2020	$(12,970,066)	$(13,121,281)	$(151,215)
Euro STOXX 50 Index Futures	444	Short	Jun 2020	(12,151,007)	(13,451,711)	(1,300,704)
FTSE 100 Index Futures	73	Short	Jun 2020	(4,697,831)	(5,109,895)	(412,064)
Japanese Yen Currency Futures	56	Short	Jun 2020	(6,412,246)	(6,523,650)	(111,404)
MSCI Emerging Markets Index Futures	407	Short	Jun 2020	(16,236,159)	(17,153,015)	(916,856)
Nikkei 225 Index Futures	38	Short	Jun 2020	(6,214,994)	(6,615,764)	(400,770)
Pound Sterling Currency Futures	65	Short	Jun 2020	(4,846,788)	(5,060,250)	(213,462)
Russell 2000 E-Mini Index Futures	90	Short	Jun 2020	(4,770,400)	(5,164,200)	(393,800)
S&P 500 Index E-Mini Futures	951	Short	Jun 2020	(114,993,428)	(122,322,375)	(7,328,947)
S&P Mid 400 Index E-Mini Futures	138	Short	Jun 2020	(18,161,148)	(19,841,640)	(1,680,492)
						$(12,909,714)

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

141

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Managed Volatility Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 91.3%
Equity - 65.6%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	10,199,761	$	305,380,839
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	34,670,067		308,910,296
Equity Income, Series NAV, JHVIT (T. Rowe Price)	28,034,710		305,578,336
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	10,037,379		395,573,115
Mid Cap Stock, Series NAV, JHVIT (Wellington)	7,513,055		115,475,659
Mid Value, Series NAV, JHVIT (T. Rowe Price)	16,976,251		116,287,321
Multifactor Developed International ETF, JHETF (DFA)	8,733,370		198,247,499
Multifactor Emerging Markets ETF, JHETF (DFA)	6,837,912		135,322,278
Multifactor Large Cap ETF, JHETF (DFA)	6,437,262		206,507,365
Multifactor Mid Cap ETF, JHETF (DFA)	5,064,209		143,874,178
Multifactor Small Cap ETF, JHETF (DFA)	7,029,913		133,638,646
Small Cap Growth, Class NAV, JHF II (Redwood) (C)	3,434,956		49,463,363
Small Cap Value, Series NAV, JHVIT (Wellington)	4,278,838		49,463,363
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	123,547,611		1,955,758,687
			4,419,480,945
Fixed income - 25.7%
Bond, Class NAV, JHSB (MIM US) (B)	28,046,436		442,572,757
Core Bond, Series NAV, JHVIT (Wells Capital)	11,308,363		154,132,988
Select Bond, Series NAV, JHVIT (MIM US) (B)	81,871,659		1,135,559,911
			1,732,265,656
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $6,808,890,250)		$	6,151,746,601
UNAFFILIATED INVESTMENT COMPANIES - 0.6%
Equity - 0.6%
Fidelity International Index Fund	1,326,765		43,876,120
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $52,323,211)		$	43,876,120

Managed Volatility Growth Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.3%
Certificate of deposit - 0.0%
Credit Suisse AG (SOFR + 0.150%) 0.160%, 09/01/2020 *	$	1,470,000	$	1,462,586
Commercial paper - 0.1%
The University of California 1.750%, 04/02/2020 *		280,000		278,816
The University of Chicago 1.630%, 04/27/2020 *		4,325,000		4,319,612
Yale University 1.600%, 06/04/2020 *		3,155,000		3,147,993
				7,746,421
Short-term funds - 0.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		10,908,282		10,908,282
TOTAL SHORT-TERM INVESTMENTS (Cost $20,124,056)			$	20,117,289
Total Investments (Managed Volatility Growth Portfolio) (Cost $6,881,337,517) - 92.2%			$	6,215,740,010
Other assets and liabilities, net - 7.8%				524,865,420
TOTAL NET ASSETS - 100.0%			$	6,740,605,430

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
SOFR	Secured Overnight Financing Rate
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
*	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 Currency Futures	2,259	Short	Jun 2020	$(314,076,051)	$(312,010,256)	$2,065,795
Euro STOXX 50 Index Futures	10,542	Short	Jun 2020	(286,422,431)	(319,387,251)	(32,964,820)
FTSE 100 Index Futures	1,893	Short	Jun 2020	(121,647,403)	(132,507,273)	(10,859,870)
Japanese Yen Currency Futures	1,406	Short	Jun 2020	(164,590,226)	(163,790,213)	800,013
MSCI Emerging Markets Index Futures	10,829	Short	Jun 2020	(439,068,813)	(456,388,205)	(17,319,392)
Nikkei 225 Index Futures	940	Short	Jun 2020	(154,092,655)	(163,653,104)	(9,560,449)
Pound Sterling Currency Futures	1,663	Short	Jun 2020	(129,015,006)	(129,464,550)	(449,544)
Russell 2000 E-Mini Index Futures	2,127	Short	Jun 2020	(120,745,355)	(122,047,260)	(1,301,905)
S&P 500 Index E-Mini Futures	15,456	Short	Jun 2020	(1,961,311,038)	(1,988,028,000)	(26,716,962)
S&P Mid 400 Index E-Mini Futures	2,582	Short	Jun 2020	(363,311,225)	(371,239,960)	(7,928,735)
						$(104,235,869)

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

142

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 94.7%
Equity - 37.1%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	1,905,490	$	57,050,377
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	3,340,232		29,761,464
Equity Income, Series NAV, JHVIT (T. Rowe Price)	4,979,734		54,279,097
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	1,526,544		60,161,084
Mid Cap Stock, Series NAV, JHVIT (Wellington)	999,057		15,355,505
Mid Value, Series NAV, JHVIT (T. Rowe Price)	2,144,706		14,691,234
Multifactor Developed International ETF, JHETF (DFA)	643,946		14,617,574
Multifactor Emerging Markets ETF, JHETF (DFA)	645,545		12,775,336
Multifactor Large Cap ETF, JHETF (DFA)	990,994		31,791,088
Multifactor Mid Cap ETF, JHETF (DFA)	392,513		11,151,294
Multifactor Small Cap ETF, JHETF (DFA)	478,336		9,093,167
Small Cap Growth, Class NAV, JHF II (Redwood) (C)	508,017		7,315,440
Small Cap Value, Series NAV, JHVIT (Wellington)	583,034		6,739,870
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	17,827,495		282,209,251
			606,991,781
Fixed income - 57.6%
Bond, Class NAV, JHSB (MIM US) (B)	15,270,252		240,964,582
Core Bond, Series NAV, JHVIT (Wells Capital)	6,151,892		83,850,282
Select Bond, Series NAV, JHVIT (MIM US) (B)	44,381,268		615,568,189
			940,383,053
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,630,871,288)		$	1,547,374,834
UNAFFILIATED INVESTMENT COMPANIES - 0.8%
Equity - 0.8%
Fidelity 500 Index Fund	139,651		12,578,344
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $13,862,628)		$	12,578,344

Managed Volatility Moderate Portfolio (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.6%
Certificate of deposit - 0.2%
Credit Suisse AG (SOFR + 0.150%) 0.160%, 09/01/2020 *	$	2,775,000	$	2,761,005
Commercial paper - 0.1%
The University of Chicago 1.630%, 04/27/2020 *		1,025,000		1,023,723
Yale University 1.600%, 06/04/2020 *		735,000		733,368
				1,757,091
Short-term funds - 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		5,302,156		5,302,156
TOTAL SHORT-TERM INVESTMENTS (Cost $9,833,858)			$	9,820,252
Total Investments (Managed Volatility Moderate Portfolio) (Cost $1,654,567,774) - 96.1%			$	1,569,773,430
Other assets and liabilities, net - 3.9%				63,260,112
TOTAL NET ASSETS - 100.0%			$	1,633,033,542

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
SOFR	Secured Overnight Financing Rate
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
*	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 Currency Futures	261	Short	Jun 2020	$(35,848,398)	$(36,048,994)	$(200,596)
Euro STOXX 50 Index Futures	1,218	Short	Jun 2020	(33,037,662)	(36,901,316)	(3,863,654)
FTSE 100 Index Futures	207	Short	Jun 2020	(13,278,211)	(14,489,702)	(1,211,491)
Japanese Yen Currency Futures	157	Short	Jun 2020	(18,090,827)	(18,289,519)	(198,692)
MSCI Emerging Markets Index Futures	1,046	Short	Jun 2020	(42,094,302)	(44,083,670)	(1,989,368)
Nikkei 225 Index Futures	105	Short	Jun 2020	(16,856,440)	(18,280,400)	(1,423,960)
Pound Sterling Currency Futures	182	Short	Jun 2020	(13,722,657)	(14,168,700)	(446,043)
Russell 2000 E-Mini Index Futures	239	Short	Jun 2020	(13,049,001)	(13,713,820)	(664,819)
S&P 500 Index E-Mini Futures	2,229	Short	Jun 2020	(274,459,499)	(286,705,125)	(12,245,626)
S&P Mid 400 Index E-Mini Futures	288	Short	Jun 2020	(38,951,665)	(41,408,640)	(2,456,975)
						$(24,701,224)

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

143

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.8%
Communication services – 1.9%
Entertainment – 0.2%
Cinemark Holdings, Inc.	73,448	$	748,435
World Wrestling Entertainment, Inc., Class A (A)	32,697		1,109,409
			1,857,844
Interactive media and services – 0.2%
TripAdvisor, Inc. (A)	72,391		1,258,879
Yelp, Inc. (A)(B)	44,014		793,572
			2,052,451
Media – 1.4%
AMC Networks, Inc., Class A (B)	30,366		738,197
Cable One, Inc.	3,463		5,693,207
John Wiley & Sons, Inc., Class A	30,141		1,129,986
Meredith Corp. (A)	27,695		338,433
TEGNA, Inc.	149,441		1,622,929
The New York Times Company, Class A (A)	99,043		3,041,611
			12,564,363
Wireless telecommunication services – 0.1%
Telephone & Data Systems, Inc.	67,384		1,129,356
			17,604,014
Consumer discretionary – 11.8%
Auto components – 1.2%
Adient PLC (B)	59,974		543,964
Dana, Inc.	99,162		774,455
Delphi Technologies PLC (B)	59,301		477,373
Gentex Corp.	174,291		3,862,289
Lear Corp.	37,913		3,080,431
The Goodyear Tire & Rubber Company	160,230		932,539
Visteon Corp. (B)	19,267		924,431
			10,595,482
Automobiles – 0.2%
Thor Industries, Inc. (A)	38,031		1,604,148
Distributors – 0.6%
Pool Corp.	27,585		5,427,900
Diversified consumer services – 1.1%
Adtalem Global Education, Inc. (B)	37,201		996,615
Graham Holdings Company, Class B	2,997		1,022,486
Grand Canyon Education, Inc. (B)	33,226		2,534,645
Service Corp. International	125,932		4,925,201
WW International, Inc. (B)	32,004		541,188
			10,020,135
Hotels, restaurants and leisure – 3.7%
Boyd Gaming Corp.	55,144		795,176
Brinker International, Inc. (A)	25,748		309,233
Caesars Entertainment Corp. (A)(B)	384,541		2,599,497
Choice Hotels International, Inc. (A)	21,886		1,340,518
Churchill Downs, Inc. (A)	24,424		2,514,451
Cracker Barrel Old Country Store, Inc. (A)	16,577		1,379,538
Domino's Pizza, Inc.	26,640		8,633,225
Dunkin' Brands Group, Inc.	57,077		3,030,789
Eldorado Resorts, Inc. (A)(B)	45,008		648,115
Jack in the Box, Inc. (A)	16,296		571,175
Marriott Vacations Worldwide Corp.	25,780		1,432,852
Papa John's International, Inc. (A)	15,187		810,530
Penn National Gaming, Inc. (A)(B)	75,069		949,623
Scientific Games Corp. (A)(B)	37,264		361,461
Six Flags Entertainment Corp.	54,158		679,141
Texas Roadhouse, Inc. (A)	44,952		1,856,518
The Cheesecake Factory, Inc.	28,291		483,210
The Wendy's Company	126,797		1,886,739

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Wyndham Destinations, Inc.	62,492	$	1,356,076
Wyndham Hotels & Resorts, Inc.	65,567		2,066,016
			33,703,883
Household durables – 0.9%
Helen of Troy, Ltd. (B)	17,337		2,497,048
KB Home	59,024		1,068,334
Taylor Morrison Home Corp. (B)	91,126		1,002,386
Tempur Sealy International, Inc. (B)	31,304		1,368,298
Toll Brothers, Inc.	83,166		1,600,946
TRI Pointe Group, Inc. (B)	95,931		841,315
			8,378,327
Internet and direct marketing retail – 0.6%
Etsy, Inc. (A)(B)	81,636		3,138,088
GrubHub, Inc. (B)	63,006		2,566,234
			5,704,322
Leisure products – 0.7%
Brunswick Corp.	56,202		1,987,865
Mattel, Inc. (A)(B)	238,877		2,104,506
Polaris, Inc.	39,618		1,907,607
			5,999,978
Multiline retail – 0.2%
Dillard's, Inc., Class A (A)	6,791		250,927
Ollie's Bargain Outlet Holdings, Inc. (A)(B)	37,678		1,745,999
			1,996,926
Specialty retail – 1.7%
Aaron's, Inc.	46,266		1,053,939
American Eagle Outfitters, Inc.	109,426		869,937
AutoNation, Inc. (B)	40,567		1,138,310
Bed Bath & Beyond, Inc. (A)	87,200		367,112
Dick's Sporting Goods, Inc.	43,816		931,528
Five Below, Inc. (B)	38,357		2,699,566
Foot Locker, Inc.	73,747		1,626,121
Murphy USA, Inc. (A)(B)	19,921		1,680,536
RH (A)(B)	11,256		1,130,890
Sally Beauty Holdings, Inc. (B)	80,145		647,572
Urban Outfitters, Inc. (B)	48,602		692,092
Williams-Sonoma, Inc. (A)	53,473		2,273,672
			15,111,275
Textiles, apparel and luxury goods – 0.9%
Carter's, Inc.	30,416		1,999,244
Columbia Sportswear Company (A)	20,005		1,395,749
Deckers Outdoor Corp. (B)	19,275		2,582,850
Skechers U.S.A., Inc., Class A (B)	92,263		2,190,324
			8,168,167
			106,710,543
Consumer staples – 3.6%
Beverages – 0.3%
The Boston Beer Company, Inc., Class A (B)	6,350		2,334,006
Food and staples retailing – 0.8%
BJ's Wholesale Club Holdings, Inc. (B)	84,170		2,143,810
Casey's General Stores, Inc.	25,342		3,357,562
Sprouts Farmers Market, Inc. (B)	81,394		1,513,114
			7,014,486
Food products – 2.2%
Darling Ingredients, Inc. (B)	112,792		2,162,223
Flowers Foods, Inc.	132,612		2,721,198
Ingredion, Inc.	45,999		3,472,925
Lancaster Colony Corp.	13,634		1,972,022
Pilgrim's Pride Corp. (B)	36,109		654,295

 

144

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Post Holdings, Inc. (B)	45,792	$	3,799,362
Sanderson Farms, Inc.	13,584		1,675,179
The Hain Celestial Group, Inc. (A)(B)	55,350		1,437,440
Tootsie Roll Industries, Inc. (A)	11,907		428,169
TreeHouse Foods, Inc. (B)	38,729		1,709,885
			20,032,698
Household products – 0.1%
Energizer Holdings, Inc. (A)	44,325		1,340,831
Personal products – 0.2%
Edgewell Personal Care Company (B)	37,347		899,316
Nu Skin Enterprises, Inc., Class A	38,270		836,200
			1,735,516
			32,457,537
Energy – 1.0%
Energy equipment and services – 0.2%
Apergy Corp. (A)(B)	53,368		306,866
Core Laboratories NV (A)	30,573		316,123
Patterson-UTI Energy, Inc.	134,034		314,980
Transocean, Ltd. (A)(B)	396,263		459,665
			1,397,634
Oil, gas and consumable fuels – 0.8%
Antero Midstream Corp. (A)	204,637		429,738
Cimarex Energy Company	70,144		1,180,524
CNX Resources Corp. (B)	128,553		683,902
EQT Corp.	176,131		1,245,246
Equitrans Midstream Corp.	140,409		706,257
Matador Resources Company (A)(B)	75,541		187,342
Murphy Oil Corp. (A)	102,911		630,844
PBF Energy, Inc., Class A	70,184		496,903
World Fuel Services Corp.	45,053		1,134,435
WPX Energy, Inc. (B)	287,123		875,725
			7,570,916
			8,968,550
Financials – 15.5%
Banks – 5.9%
Associated Banc-Corp.	109,782		1,404,112
BancorpSouth Bank	66,109		1,250,782
Bank of Hawaii Corp.	27,748		1,532,800
Bank OZK	83,286		1,390,876
Cathay General Bancorp	52,170		1,197,302
CIT Group, Inc.	65,261		1,126,405
Commerce Bancshares, Inc. (A)	71,454		3,597,709
Cullen/Frost Bankers, Inc. (A)	39,226		2,188,419
East West Bancorp, Inc.	100,332		2,582,546
First Financial Bankshares, Inc. (A)	93,594		2,512,063
First Horizon National Corp.	214,394		1,728,016
FNB Corp.	223,864		1,649,878
Fulton Financial Corp.	113,076		1,299,243
Hancock Whitney Corp.	60,088		1,172,918
Home BancShares, Inc.	106,900		1,281,731
International Bancshares Corp.	39,528		1,062,513
PacWest Bancorp (A)	82,560		1,479,475
Pinnacle Financial Partners, Inc.	49,586		1,861,458
Prosperity Bancshares, Inc.	65,042		3,138,277
Signature Bank	37,197		2,990,267
Sterling Bancorp	139,204		1,454,682
Synovus Financial Corp.	100,965		1,772,945
TCF Financial Corp.	105,693		2,395,003
Texas Capital Bancshares, Inc. (B)	34,670		768,634
Trustmark Corp.	44,274		1,031,584
UMB Financial Corp.	29,764		1,380,454
Umpqua Holdings Corp.	151,724		1,653,792
United Bankshares, Inc.	69,952		1,614,492

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Valley National Bancorp	269,862	$	1,972,691
Webster Financial Corp.	63,407		1,452,020
Wintrust Financial Corp.	39,321		1,292,088
			53,235,175
Capital markets – 2.9%
Affiliated Managers Group, Inc.	33,947		2,007,626
Eaton Vance Corp.	77,953		2,513,984
Evercore, Inc., Class A	26,929		1,240,350
FactSet Research Systems, Inc.	26,143		6,814,957
Federated Hermes, Inc.	66,192		1,260,958
Interactive Brokers Group, Inc., Class A	52,878		2,282,743
Janus Henderson Group PLC	107,214		1,642,518
Legg Mason, Inc.	56,217		2,746,200
SEI Investments Company	86,959		4,029,680
Stifel Financial Corp.	47,108		1,944,618
			26,483,634
Consumer finance – 0.7%
FirstCash, Inc.	29,405		2,109,515
LendingTree, Inc. (A)(B)	5,284		969,033
Navient Corp.	134,014		1,015,826
SLM Corp.	290,863		2,091,305
			6,185,679
Diversified financial services – 0.3%
Jefferies Financial Group, Inc.	164,802		2,252,843
Insurance – 5.2%
Alleghany Corp.	9,916		5,477,103
American Financial Group, Inc.	51,567		3,613,815
Brighthouse Financial, Inc. (B)	75,280		1,819,518
Brown & Brown, Inc.	161,116		5,835,622
CNO Financial Group, Inc.	104,131		1,290,183
First American Financial Corp.	77,396		3,282,364
Genworth Financial, Inc., Class A (B)	346,769		1,151,273
Kemper Corp.	43,163		3,210,032
Mercury General Corp.	18,688		760,975
Old Republic International Corp.	196,602		2,998,181
Primerica, Inc.	28,496		2,521,326
Reinsurance Group of America, Inc.	43,137		3,629,547
RenaissanceRe Holdings, Ltd.	30,426		4,543,210
RLI Corp.	27,493		2,417,459
Selective Insurance Group, Inc.	40,926		2,034,022
The Hanover Insurance Group, Inc.	27,140		2,458,341
			47,042,971
Thrifts and mortgage finance – 0.5%
New York Community Bancorp, Inc.	321,991		3,023,495
Washington Federal, Inc.	53,978		1,401,269
			4,424,764
			139,625,066
Health care – 11.6%
Biotechnology – 1.0%
Arrowhead Pharmaceuticals, Inc. (B)	68,970		1,984,267
Exelixis, Inc. (B)	209,342		3,604,869
Ligand Pharmaceuticals, Inc. (A)(B)	12,100		879,912
United Therapeutics Corp. (B)	30,233		2,866,844
			9,335,892
Health care equipment and supplies – 4.2%
Avanos Medical, Inc. (B)	33,022		889,282
Cantel Medical Corp.	25,814		926,723
Globus Medical, Inc., Class A (A)(B)	53,032		2,255,451
Haemonetics Corp. (B)	34,919		3,480,028
Hill-Rom Holdings, Inc.	45,997		4,627,298
ICU Medical, Inc. (B)	13,246		2,672,645
Integra LifeSciences Holdings Corp. (B)	49,102		2,193,386

 

145

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
LivaNova PLC (B)	33,346	$	1,508,907
Masimo Corp. (B)	33,801		5,986,833
NuVasive, Inc. (B)	35,878		1,817,579
Penumbra, Inc. (B)	22,130		3,570,233
West Pharmaceutical Services, Inc.	50,978		7,761,401
			37,689,766
Health care providers and services – 2.8%
Acadia Healthcare Company, Inc. (B)	61,022		1,119,754
Amedisys, Inc. (B)	22,223		4,078,809
Chemed Corp.	11,030		4,778,196
Encompass Health Corp.	67,933		4,349,750
HealthEquity, Inc. (B)	48,834		2,470,512
MEDNAX, Inc. (B)	58,079		676,040
Molina Healthcare, Inc. (B)	43,199		6,035,332
Patterson Companies, Inc.	59,354		907,523
Tenet Healthcare Corp. (B)	71,581		1,030,766
			25,446,682
Health care technology – 0.1%
Allscripts Healthcare Solutions, Inc. (B)	111,866		787,537
Life sciences tools and services – 2.5%
Bio-Rad Laboratories, Inc., Class A (B)	14,887		5,218,787
Bio-Techne Corp.	26,258		4,979,042
Charles River Laboratories International, Inc. (B)	33,649		4,246,840
PRA Health Sciences, Inc. (B)	43,576		3,618,551
Repligen Corp. (B)	32,281		3,116,408
Syneos Health, Inc. (B)	42,908		1,691,433
			22,871,061
Pharmaceuticals – 1.0%
Catalent, Inc. (B)	106,622		5,539,013
Nektar Therapeutics (B)	121,205		2,163,509
Prestige Consumer Healthcare, Inc. (B)	34,609		1,269,458
			8,971,980
			105,102,918
Industrials – 15.7%
Aerospace and defense – 1.8%
Axon Enterprise, Inc. (A)(B)	40,884		2,893,361
Curtiss-Wright Corp.	29,412		2,717,963
Mercury Systems, Inc. (B)	38,263		2,729,682
Teledyne Technologies, Inc. (A)(B)	25,127		7,469,503
			15,810,509
Air freight and logistics – 0.4%
XPO Logistics, Inc. (B)	63,592		3,100,110
Airlines – 0.2%
JetBlue Airways Corp. (B)	198,902		1,780,173
Building products – 1.2%
Lennox International, Inc. (A)	24,158		4,391,683
Owens Corning	74,951		2,908,848
Resideo Technologies, Inc. (B)	84,618		409,551
Trex Company, Inc. (A)(B)	40,193		3,221,067
			10,931,149
Commercial services and supplies – 1.8%
Clean Harbors, Inc. (B)	35,375		1,816,153
Deluxe Corp.	29,007		752,152
Healthcare Services Group, Inc. (A)	51,066		1,220,988
Herman Miller, Inc.	40,689		903,296
HNI Corp.	29,505		743,231
KAR Auction Services, Inc.	88,721		1,064,652
MSA Safety, Inc. (A)	24,554		2,484,865
Stericycle, Inc. (B)	62,785		3,050,095
Tetra Tech, Inc.	37,610		2,656,018

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
The Brink's Company	34,466	$	1,793,955
			16,485,405
Construction and engineering – 1.1%
AECOM (B)	108,228		3,230,606
Dycom Industries, Inc. (A)(B)	21,719		557,092
EMCOR Group, Inc.	38,688		2,372,348
Fluor Corp.	96,576		667,340
MasTec, Inc. (B)	41,547		1,359,833
Valmont Industries, Inc.	14,831		1,571,789
			9,759,008
Electrical equipment – 1.7%
Acuity Brands, Inc.	27,299		2,338,432
EnerSys	29,134		1,442,716
Generac Holdings, Inc. (B)	43,090		4,014,695
Hubbell, Inc.	37,470		4,299,308
nVent Electric PLC	107,217		1,808,751
Regal Beloit Corp.	28,208		1,775,694
			15,679,596
Industrial conglomerates – 0.5%
Carlisle Companies, Inc.	39,046		4,891,683
Machinery – 4.3%
AGCO Corp.	43,187		2,040,586
Colfax Corp. (B)	57,603		1,140,539
Crane Company	35,125		1,727,448
Donaldson Company, Inc.	87,197		3,368,420
Graco, Inc.	114,907		5,599,418
ITT, Inc.	60,423		2,740,787
Kennametal, Inc.	57,086		1,062,941
Lincoln Electric Holdings, Inc.	42,130		2,906,970
Nordson Corp.	35,252		4,761,488
Oshkosh Corp.	46,889		3,016,369
Terex Corp.	45,194		648,986
The Timken Company	46,707		1,510,504
The Toro Company	73,446		4,780,600
Trinity Industries, Inc. (A)	67,621		1,086,669
Woodward, Inc.	38,850		2,309,244
			38,700,969
Marine – 0.2%
Kirby Corp. (A)(B)	41,302		1,795,398
Professional services – 0.8%
ASGN, Inc. (B)	36,378		1,284,871
FTI Consulting, Inc. (B)	25,927		3,105,277
Insperity, Inc. (A)	25,904		966,219
ManpowerGroup, Inc.	40,623		2,152,613
			7,508,980
Road and rail – 0.9%
Avis Budget Group, Inc. (B)	39,165		544,394
Knight-Swift Transportation Holdings, Inc. (A)	84,651		2,776,553
Landstar System, Inc.	27,189		2,606,338
Ryder System, Inc.	36,717		970,797
Werner Enterprises, Inc. (A)	30,515		1,106,474
			8,004,556
Trading companies and distributors – 0.8%
GATX Corp.	24,183		1,512,888
MSC Industrial Direct Company, Inc., Class A	31,035		1,705,994
NOW, Inc. (B)	74,960		386,794
Watsco, Inc.	22,494		3,554,727
			7,160,403
			141,607,939
Information technology – 16.2%

 

146

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment – 1.3%
Ciena Corp. (B)	106,581	$	4,242,990
InterDigital, Inc.	21,450		957,314
Lumentum Holdings, Inc. (B)	53,189		3,920,029
NetScout Systems, Inc. (B)	45,374		1,074,003
ViaSat, Inc. (B)	39,734		1,427,245
			11,621,581
Electronic equipment, instruments and components – 3.7%
Arrow Electronics, Inc. (B)	56,116		2,910,737
Avnet, Inc.	69,560		1,745,956
Belden, Inc.	26,621		960,486
Cognex Corp.	117,743		4,971,109
Coherent, Inc. (B)	16,640		1,770,662
II-VI, Inc. (B)	60,089		1,712,537
Jabil, Inc. (A)	95,710		2,352,552
Littelfuse, Inc.	16,782		2,239,054
National Instruments Corp.	81,267		2,688,312
SYNNEX Corp.	28,151		2,057,838
Tech Data Corp. (B)	24,405		3,193,394
Trimble, Inc. (B)	171,647		5,463,524
Vishay Intertechnology, Inc.	91,184		1,313,961
			33,380,122
IT services – 2.2%
CACI International, Inc., Class A (B)	17,253		3,642,971
CoreLogic, Inc.	54,786		1,673,164
KBR, Inc.	97,637		2,019,133
LiveRamp Holdings, Inc. (B)	46,641		1,535,422
MAXIMUS, Inc.	44,080		2,565,456
Perspecta, Inc.	94,739		1,728,039
Sabre Corp.	188,700		1,118,991
Science Applications International Corp.	33,805		2,522,867
WEX, Inc. (B)	29,826		3,118,308
			19,924,351
Semiconductors and semiconductor equipment – 4.6%
Cabot Microelectronics Corp.	20,052		2,288,735
Cirrus Logic, Inc. (B)	39,822		2,613,518
Cree, Inc. (A)(B)	74,209		2,631,451
Cypress Semiconductor Corp.	254,448		5,933,727
First Solar, Inc. (B)	52,288		1,885,505
MKS Instruments, Inc.	37,556		3,058,936
Monolithic Power Systems, Inc.	27,833		4,660,914
Semtech Corp. (B)	45,642		1,711,575
Silicon Laboratories, Inc. (B)	29,883		2,552,307
SolarEdge Technologies, Inc. (A)(B)	33,492		2,742,325
Synaptics, Inc. (B)	23,056		1,334,251
Teradyne, Inc.	115,457		6,254,306
Universal Display Corp.	29,212		3,849,557
			41,517,107
Software – 4.3%
ACI Worldwide, Inc. (B)	79,645		1,923,427
Blackbaud, Inc.	33,888		1,882,478
CDK Global, Inc.	83,640		2,747,574
Ceridian HCM Holding, Inc. (B)	69,438		3,476,761
CommVault Systems, Inc. (B)	28,974		1,172,868
Fair Isaac Corp. (B)	19,954		6,139,646
j2 Global, Inc.	31,895		2,387,341
LogMeIn, Inc.	33,632		2,800,873
Manhattan Associates, Inc. (B)	44,026		2,193,375
PTC, Inc. (B)	71,614		4,383,493
Teradata Corp. (B)	77,509		1,588,159
Tyler Technologies, Inc. (B)	26,860		7,965,602
			38,661,597

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals – 0.1%
NCR Corp. (B)	87,913	$	1,556,060
			146,660,818
Materials – 5.8%
Chemicals – 2.4%
Ashland Global Holdings, Inc.	41,495		2,077,655
Cabot Corp.	39,256		1,025,367
Ingevity Corp. (B)	28,816		1,014,323
Minerals Technologies, Inc.	24,014		870,748
NewMarket Corp.	5,088		1,948,043
Olin Corp.	110,009		1,283,805
PolyOne Corp.	62,178		1,179,517
RPM International, Inc.	89,346		5,316,087
Sensient Technologies Corp.	29,157		1,268,621
The Chemours Company	112,648		999,188
The Scotts Miracle-Gro Company	27,298		2,795,315
Valvoline, Inc.	129,800		1,699,082
			21,477,751
Construction materials – 0.2%
Eagle Materials, Inc.	28,683		1,675,661
Containers and packaging – 1.2%
AptarGroup, Inc.	44,044		4,384,140
Greif, Inc., Class A	18,091		562,449
O-I Glass, Inc.	107,225		762,370
Silgan Holdings, Inc.	53,421		1,550,277
Sonoco Products Company	68,965		3,196,528
			10,455,764
Metals and mining – 1.8%
Allegheny Technologies, Inc. (B)	86,869		738,387
Carpenter Technology Corp.	32,878		641,121
Commercial Metals Company	81,746		1,290,769
Compass Minerals International, Inc.	23,345		898,082
Reliance Steel & Aluminum Company	45,925		4,022,571
Royal Gold, Inc.	45,191		3,963,703
Steel Dynamics, Inc.	148,441		3,345,860
United States Steel Corp. (A)	117,151		739,223
Worthington Industries, Inc.	25,430		667,538
			16,307,254
Paper and forest products – 0.2%
Domtar Corp.	39,459		853,893
Louisiana-Pacific Corp.	80,922		1,390,240
			2,244,133
			52,160,563
Real estate – 9.7%
Equity real estate investment trusts – 9.3%
American Campus Communities, Inc.	94,668		2,627,037
Brixmor Property Group, Inc.	205,208		1,949,476
Camden Property Trust	66,715		5,286,497
Career Education Corp.	163,906		594,979
CoreCivic, Inc.	82,054		916,543
CoreSite Realty Corp.	25,965		3,009,344
Corporate Office Properties Trust	77,206		1,708,569
Cousins Properties, Inc.	101,115		2,959,636
CyrusOne, Inc.	77,992		4,816,006
Douglas Emmett, Inc.	113,562		3,464,777
EastGroup Properties, Inc.	26,463		2,764,854
EPR Properties	54,055		1,309,212
First Industrial Realty Trust, Inc.	87,466		2,906,495
Healthcare Realty Trust, Inc.	92,140		2,573,470
Highwoods Properties, Inc.	71,477		2,531,715
JBG SMITH Properties	81,321		2,588,447
Kilroy Realty Corp.	67,196		4,280,385
Lamar Advertising Company, Class A	59,259		3,038,802

 

147

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Life Storage, Inc.	32,141	$	3,038,932
Mack-Cali Realty Corp.	62,389		950,184
Medical Properties Trust, Inc.	356,502		6,163,920
National Retail Properties, Inc.	118,254		3,806,596
Omega Healthcare Investors, Inc.	150,542		3,995,385
Park Hotels & Resorts, Inc.	164,931		1,304,604
Pebblebrook Hotel Trust	90,003		980,133
PotlatchDeltic Corp.	46,314		1,453,796
PS Business Parks, Inc.	13,799		1,870,040
Rayonier, Inc.	89,093		2,098,140
Sabra Health Care REIT, Inc.	133,454		1,457,318
Service Properties Trust	113,381		612,257
Spirit Realty Capital, Inc.	68,711		1,796,793
Taubman Centers, Inc.	42,179		1,766,457
The GEO Group, Inc.	83,555		1,016,029
The Macerich Company	75,915		427,401
Urban Edge Properties	79,343		699,012
Weingarten Realty Investors	83,333		1,202,495
			83,965,736
Real estate management and development – 0.4%
Jones Lang LaSalle, Inc.	35,506		3,585,396
			87,551,132
Utilities – 5.0%
Electric utilities – 1.6%
ALLETE, Inc.	35,598		2,160,087
Hawaiian Electric Industries, Inc.	75,079		3,232,151
IDACORP, Inc.	34,722		3,048,244
OGE Energy Corp.	137,916		4,238,159
PNM Resources, Inc.	54,879		2,085,402
			14,764,043
Gas utilities – 1.8%
National Fuel Gas Company	59,476		2,217,860
New Jersey Resources Corp.	65,799		2,235,192
ONE Gas, Inc. (A)	36,334		3,038,249
Southwest Gas Holdings, Inc.	37,636		2,617,960
Spire, Inc.	35,122		2,615,887
UGI Corp.	144,003		3,840,560
			16,565,708

Mid Cap Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities – 0.9%
Black Hills Corp.		42,340	$	2,711,030
MDU Resources Group, Inc.		138,059		2,968,269
NorthWestern Corp.		34,757		2,079,511
				7,758,810
Water utilities – 0.7%
Essential Utilities, Inc.		148,709		6,052,456
				45,141,017
TOTAL COMMON STOCKS (Cost $1,060,142,809)			$	883,590,097
SHORT-TERM INVESTMENTS – 6.2%
Short-term funds – 4.6%
John Hancock Collateral Trust, 1.1260% (C)(D)		4,127,002		41,259,706
Repurchase agreement – 1.6%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $14,850,000 on 4-1-20, collateralized by $14,445,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $15,148,630)	$	14,850,000		14,850,000
TOTAL SHORT-TERM INVESTMENTS (Cost $56,104,337)			$	56,109,706
Total Investments (Mid Cap Index Trust) (Cost $1,116,247,146) – 104.0%			$	939,699,803
Other assets and liabilities, net – (4.0%)				(36,395,669)
TOTAL NET ASSETS – 100.0%			$	903,304,134

Security Abbreviations and Legend
(A)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $39,979,426.
(B)	Non-income producing security.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

 

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	124	Long	Jun 2020	$17,399,209	$17,828,720	$429,511
						$429,511

^ 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 – 91.5%
Communication services – 6.7%
Entertainment – 6.2%
Live Nation Entertainment, Inc. (A)	36,732	$	1,669,837
Roku, Inc. (A)	83,696		7,321,726
Spotify Technology SA (A)(B)	186,112		22,601,441

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
Take-Two Interactive Software, Inc. (A)	50,647	$	6,007,241
			37,600,245
Interactive media and services – 0.5%
Match Group, Inc. (A)(B)	48,276		3,188,147
			40,788,392

 

148

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer discretionary – 13.3%
Diversified consumer services – 1.5%
Chegg, Inc. (A)	256,647	$	9,182,830
Hotels, restaurants and leisure – 4.9%
Aramark	264,708		5,286,219
Chipotle Mexican Grill, Inc. (A)	14,904		9,753,178
Marriott Vacations Worldwide Corp.	8,256		458,868
Planet Fitness, Inc., Class A (A)	192,894		9,393,938
Vail Resorts, Inc.	35,093		5,183,587
			30,075,790
Household durables – 0.7%
Lennar Corp., A Shares	101,534		3,878,599
Leisure products – 1.3%
Peloton Interactive, Inc., Class A (A)(B)	294,809		7,827,179
Specialty retail – 4.2%
Burlington Stores, Inc. (A)	64,890		10,282,469
Five Below, Inc. (A)	136,433		9,602,155
Floor & Decor Holdings, Inc., Class A (A)(B)	165,914		5,324,180
JAND, Inc., Class A (A)(C)(D)	28,798		429,954
			25,638,758
Textiles, apparel and luxury goods – 0.7%
Carter's, Inc.	67,545		4,439,733
			81,042,889
Consumer staples – 4.3%
Beverages – 4.3%
Monster Beverage Corp. (A)	295,822		16,642,946
The Boston Beer Company, Inc., Class A (A)(B)	26,051		9,575,306
			26,218,252
Financials – 1.2%
Capital markets – 1.2%
The Blackstone Group, Inc., Class A	155,979		7,107,963
Health care – 26.2%
Biotechnology – 7.5%
Apellis Pharmaceuticals, Inc. (A)	98,224		2,631,421
Argenx SE, ADR (A)	26,546		3,496,905
Ascendis Pharma A/S, ADR (A)	29,040		3,270,194
Exact Sciences Corp. (A)	244,293		14,168,994
Galapagos NV (A)	48,478		9,519,979
Galapagos NV, ADR (A)	4,610		903,191
Ionis Pharmaceuticals, Inc. (A)	94,825		4,483,326
Kodiak Sciences, Inc. (A)	33,079		1,577,868
Seattle Genetics, Inc. (A)	48,796		5,630,082
			45,681,960
Health care equipment and supplies – 13.4%
ABIOMED, Inc. (A)	97,450		14,145,842
DexCom, Inc. (A)	94,548		25,458,940
Haemonetics Corp. (A)	22,028		2,195,310
Insulet Corp. (A)	120,128		19,902,807
Novocure, Ltd. (A)(B)	48,646		3,275,822
Tandem Diabetes Care, Inc. (A)	262,309		16,879,584
			81,858,305
Health care technology – 2.3%
Veeva Systems, Inc., Class A (A)	89,194		13,947,266
Life sciences tools and services – 1.1%
Agilent Technologies, Inc.	95,626		6,848,734
Pharmaceuticals – 1.9%
Elanco Animal Health, Inc. (A)	400,897		8,976,084

Mid Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Reata Pharmaceuticals, Inc., Class A (A)(B)	19,792	$	2,856,777
			11,832,861
			160,169,126
Industrials – 8.8%
Aerospace and defense – 1.7%
L3Harris Technologies, Inc.	58,925		10,613,571
Building products – 2.4%
Trane Technologies PLC	175,262		14,474,889
Commercial services and supplies – 2.0%
Copart, Inc. (A)	139,602		9,565,529
The Brink's Company	48,830		2,541,602
			12,107,131
Professional services – 2.7%
CoStar Group, Inc. (A)	27,797		16,322,676
			53,518,267
Information technology – 31.0%
IT services – 5.8%
GoDaddy, Inc., Class A (A)	205,579		11,740,617
Leidos Holdings, Inc.	68,635		6,290,398
Square, Inc., Class A (A)	327,233		17,140,465
			35,171,480
Semiconductors and semiconductor equipment – 7.2%
Advanced Micro Devices, Inc. (A)	751,976		34,199,866
Marvell Technology Group, Ltd.	431,899		9,773,874
			43,973,740
Software – 18.0%
2U, Inc. (A)(B)	109,066		2,314,381
Alteryx, Inc., Class A (A)	46,338		4,409,987
DraftKings, Inc. (A)(C)(D)	1,058,486		4,201,432
Fair Isaac Corp. (A)	32,517		10,005,156
Guidewire Software, Inc. (A)	223,806		17,750,054
RingCentral, Inc., Class A (A)	14,849		3,146,652
Slack Technologies, Inc., Class A (A)(B)	523,405		14,048,190
Splunk, Inc. (A)	223,982		28,273,248
The Trade Desk, Inc., Class A (A)	5,900		1,138,700
Workday, Inc., Class A (A)	142,904		18,608,959
Zoom Video Communications, Inc., Class A (A)(B)	42,612		6,226,465
			110,123,224
			189,268,444
TOTAL COMMON STOCKS (Cost $538,680,521)		$	558,113,333
PREFERRED SECURITIES – 2.9%
Consumer discretionary – 1.2%
Diversified consumer services – 0.4%
The Honest Company, Inc., Series C (A)(C)(D)	75,561		2,405,862
Internet and direct marketing retail – 0.7%
Coupang LLC (A)(C)(D)	707,162		4,143,969
One Kings Lane, Inc. (A)(D)	302,694		48,431
			4,192,400
Specialty retail – 0.1%
JAND, Inc., Series D (A)(C)(D)	64,307		960,104
			7,558,366
Information technology – 1.4%
Software – 1.4%
Essence Group Holdings Corp. (A)(C)(D)	1,663,188		4,390,816
Lookout, Inc., Series F (A)(C)(D)	211,003		1,405,280

 

149

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Software (continued)
MarkLogic Corp., Series F (A)(C)(D)		253,035	$	2,603,730
				8,399,826
Real estate – 0.3%
Real estate management and development – 0.3%
The We Company, Inc., Series D1 (A)(C)(D)		92,333		1,073,833
The We Company, Inc., Series D2 (A)(C)(D)		81,039		942,484
				2,016,317
TOTAL PREFERRED SECURITIES (Cost $16,954,078)			$	17,974,509
EXCHANGE-TRADED FUNDS – 3.6%
iShares Russell Mid-Cap Growth ETF		178,304		21,679,983
TOTAL EXCHANGE-TRADED FUNDS (Cost $21,797,541)			$	21,679,983
SHORT-TERM INVESTMENTS – 6.5%
Short-term funds – 6.1%
John Hancock Collateral Trust, 1.1260% (E)(F)		3,681,200		36,802,793
Repurchase agreement – 0.4%
Deutsche Bank Tri-Party Repurchase Agreement dated 3-31-20 at 0.020% to be repurchased at $2,600,001 on 4-1-20, collateralized by $2,478,553 Federal Home Loan Mortgage Corp., 4.000% due 6-1-49 (valued at $2,652,000)	$	2,600,000		2,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $39,390,412)			$	39,402,793
Total Investments (Mid Cap Stock Trust) (Cost $616,822,552) – 104.5%			$	637,170,618
Other assets and liabilities, net – (4.5%)				(27,275,224)
TOTAL NET ASSETS – 100.0%			$	609,895,394

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 3-31-20. The value of securities on loan amounted to $35,849,674.
(C)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(F)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Mid Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.3%
Communication services – 4.6%
Media – 4.2%
AMC Networks, Inc., Class A (A)	51,976	$	1,263,537
DISH Network Corp., Class A (A)	88,794		1,774,992
Fox Corp., Class A	62,930		1,487,036
News Corp., Class A	988,872		8,875,126
Scholastic Corp. (B)	77,942		1,986,742
ViacomCBS, Inc., Class B	319,038		4,469,722
			19,857,155

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services – 0.4%
Telephone & Data Systems, Inc.	105,307	$	1,764,945
			21,622,100
Consumer discretionary – 3.0%
Diversified consumer services – 1.4%
Strategic Education, Inc.	47,142		6,588,566
Multiline retail – 0.4%
Nordstrom, Inc. (B)	118,311		1,814,891
Specialty retail – 0.4%
Tiffany & Company	16,616		2,151,772
Textiles, apparel and luxury goods – 0.8%
Ralph Lauren Corp.	49,650		3,318,110
Under Armour, Inc., Class C (A)	31,738		255,808
			3,573,918
			14,129,147
Consumer staples – 9.9%
Beverages – 1.2%
Carlsberg A/S, Class B	32,344		3,641,279
Molson Coors Beverage Company, Class B (B)	56,100		2,188,461
			5,829,740
Food and staples retailing – 1.6%
Sysco Corp.	123,041		5,614,361
The Kroger Company	61,117		1,840,844
			7,455,205
Food products – 7.1%
Archer-Daniels-Midland Company	52,408		1,843,713
Bunge, Ltd.	327,427		13,434,330
Campbell Soup Company	69,490		3,207,658
Flowers Foods, Inc.	558,608		11,462,636
The Kraft Heinz Company	126,255		3,123,549
			33,071,886
			46,356,831
Energy – 9.8%
Energy equipment and services – 1.5%
Frank's International NV (A)(B)	714,064		1,849,426
Schlumberger, Ltd.	137,900		1,886,782
SEACOR Holdings, Inc. (A)	51,601		1,391,163
SEACOR Marine Holdings, Inc. (A)	98,958		433,436
Tidewater, Inc. (A)	190,177		1,346,453
			6,907,260
Oil, gas and consumable fuels – 8.3%
Apache Corp. (B)	140,218		586,111
Cameco Corp. (B)	637,302		4,868,987
Canadian Natural Resources, Ltd. (B)	360,899		4,890,181
EQT Corp.	986,017		6,971,140
Equinor ASA, ADR (B)	124,931		1,521,660
Equitrans Midstream Corp. (B)	459,857		2,313,081
Hess Corp.	127,319		4,239,723
Imperial Oil, Ltd. (B)	714,901		8,056,934
Murphy Oil Corp. (B)	206,382		1,265,122
NAC Kazatomprom JSC, GDR	11,638		144,648
NAC Kazatomprom JSC, GDR (London Stock Exchange)	163,280		2,029,393
Ovintiv, Inc. (B)	492,447		1,329,607
Peabody Energy Corp. (B)	194,855		565,080
			38,781,667
			45,688,927
Financials – 18.7%
Banks – 3.0%
Fifth Third Bancorp	467,591		6,943,726

 

150

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Popular, Inc.	20,808	$	728,280
Westamerica Bancorporation (B)	105,453		6,198,527
			13,870,533
Capital markets – 6.5%
Franklin Resources, Inc.	58,239		972,009
Lazard, Ltd., Class A	270,823		6,380,590
Northern Trust Corp.	120,016		9,056,407
State Street Corp.	193,937		10,331,024
TD Ameritrade Holding Corp.	94,910		3,289,581
The Bank of New York Mellon Corp.	19,824		667,672
			30,697,283
Consumer finance – 0.5%
Ally Financial, Inc.	90,845		1,310,893
Synchrony Financial	62,651		1,008,055
			2,318,948
Diversified financial services – 1.1%
Groupe Bruxelles Lambert SA	13,616		1,071,321
Pargesa Holding SA, Bearer Shares	65,757		4,341,495
			5,412,816
Insurance – 6.8%
Brighthouse Financial, Inc. (A)	131,993		3,190,271
Brown & Brown, Inc.	173,973		6,301,302
CNA Financial Corp.	182,582		5,667,345
Kemper Corp.	63,747		4,740,864
Loews Corp.	230,397		8,024,728
Marsh & McLennan Companies, Inc.	44,511		3,848,421
			31,772,931
Thrifts and mortgage finance – 0.8%
Capitol Federal Financial, Inc.	322,158		3,740,254
			87,812,765
Health care – 17.4%
Biotechnology – 1.3%
Alkermes PLC (A)	240,055		3,461,593
Incyte Corp. (A)	36,799		2,694,791
			6,156,384
Health care equipment and supplies – 7.0%
Alcon, Inc. (A)	47,867		2,452,261
Baxter International, Inc.	77,155		6,264,214
Dentsply Sirona, Inc.	184,356		7,158,543
Envista Holdings Corp. (A)	51,486		769,201
Hologic, Inc. (A)	254,847		8,945,130
Zimmer Biomet Holdings, Inc.	69,290		7,003,833
			32,593,182
Health care providers and services – 6.3%
Cardinal Health, Inc.	245,660		11,776,940
Covetrus, Inc. (A)(B)	280,917		2,286,664
Patterson Companies, Inc. (B)	479,225		7,327,350
Select Medical Holdings Corp. (A)	541,247		8,118,705
			29,509,659
Pharmaceuticals – 2.8%
Jazz Pharmaceuticals PLC (A)	16,900		1,685,606
Perrigo Company PLC	241,570		11,617,103
			13,302,709
			81,561,934
Industrials – 8.7%
Aerospace and defense – 1.6%
Textron, Inc.	282,647		7,538,195
Air freight and logistics – 2.1%
C.H. Robinson Worldwide, Inc.	98,012		6,488,394

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
Expeditors International of Washington, Inc.	52,464	$	3,500,398
			9,988,792
Commercial services and supplies – 0.5%
Cintas Corp.	12,764		2,210,980
Machinery – 3.1%
AGCO Corp.	54,293		2,565,344
CNH Industrial NV (B)	270,215		1,515,906
PACCAR, Inc.	85,812		5,245,688
Wabtec Corp.	34,153		1,643,784
Xylem, Inc.	56,412		3,674,114
			14,644,836
Road and rail – 1.4%
J.B. Hunt Transport Services, Inc.	40,232		3,710,597
Kansas City Southern	13,146		1,671,908
Ryder System, Inc. (B)	42,306		1,118,571
			6,501,076
			40,883,879
Information technology – 3.4%
Electronic equipment, instruments and components – 1.1%
National Instruments Corp.	157,165		5,199,018
IT services – 0.9%
Cognizant Technology Solutions Corp., Class A	86,837		4,035,315
Semiconductors and semiconductor equipment – 1.4%
Applied Materials, Inc.	147,723		6,768,668
			16,003,001
Materials – 11.6%
Chemicals – 2.4%
Corteva, Inc. (B)	235,304		5,529,644
PPG Industries, Inc.	28,779		2,405,924
Westlake Chemical Corp.	84,210		3,214,296
			11,149,864
Construction materials – 1.3%
Summit Materials, Inc., Class A (A)	147,566		2,213,490
Vulcan Materials Company	34,357		3,712,961
			5,926,451
Metals and mining – 7.9%
Barrick Gold Corp.	516,743		9,466,732
Cia de Minas Buenaventura SAA, ADR	354,495		2,584,269
Franco-Nevada Corp.	86,699		8,662,507
Freeport-McMoRan, Inc.	647,625		4,371,469
Fresnillo PLC	708,725		5,822,731
Gold Fields, Ltd., ADR	285,763		1,357,374
Newmont Corp.	42,500		1,924,400
Nucor Corp.	82,876		2,985,194
			37,174,676
			54,250,991
Real estate – 6.7%
Equity real estate investment trusts – 6.3%
Equity Commonwealth	132,147		4,190,381
Equity Residential	69,749		4,304,211
Federal Realty Investment Trust	15,200		1,134,072
Rayonier, Inc.	367,161		8,646,642
Regency Centers Corp.	92,225		3,544,207
Weyerhaeuser Company	443,258		7,513,223
			29,332,736
Real estate management and development – 0.4%
The St. Joe Company (A)(B)	115,127		1,931,831
			31,264,567

 

151

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Utilities – 4.5%
Electric utilities – 3.6%
Entergy Corp.	3,399	$	319,404
FirstEnergy Corp.	261,008		10,458,591
PG&E Corp. (A)(B)	660,691		5,939,612
			16,717,607
Independent power and renewable electricity producers – 0.0%
Vistra Energy Corp.	6,630		105,815
Multi-utilities – 0.9%
CenterPoint Energy, Inc.	262,707		4,058,823
			20,882,245
TOTAL COMMON STOCKS (Cost $581,773,669)		$	460,456,387
PREFERRED SECURITIES – 0.3%
Consumer staples – 0.3%
Food products – 0.3%
Bunge, Ltd., 4.875%	18,222		1,694,646
TOTAL PREFERRED SECURITIES (Cost $2,064,626)		$	1,694,646
SHORT-TERM INVESTMENTS – 6.2%
Short-term funds – 6.2%
John Hancock Collateral Trust, 1.1260% (C)(D)	2,194,489		21,939,404
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	2,000,000		2,000,000
T. Rowe Price Government Reserve Fund, 0.9288% (C)	4,960,826		4,960,826
TOTAL SHORT-TERM INVESTMENTS (Cost $28,903,260)		$	28,900,230
Total Investments (Mid Value Trust) (Cost $612,741,555) – 104.8%		$	491,051,263
Other assets and liabilities, net – (4.8%)			(22,527,261)
TOTAL NET ASSETS – 100.0%		$	468,524,002

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 3-31-20. The value of securities on loan amounted to $21,013,012.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 72.7%
Communication services – 8.1%
Diversified telecommunication services – 0.3%
Koninklijke KPN NV	128,186	$	306,545
Entertainment – 2.0%
The Walt Disney Company	25,412		2,454,799
Media – 5.4%
Charter Communications, Inc., Class A (A)	7,614		3,322,064
Comcast Corp., Class A	61,072		2,099,655
Discovery, Inc., Series C (A)	55,300		969,962
DISH Network Corp., Class A (A)	9,182		183,548
			6,575,229

Mutual Shares Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services – 0.4%
Vodafone Group PLC	388,133	$	536,960
			9,873,533
Consumer discretionary – 3.7%
Automobiles – 0.9%
General Motors Company	51,290		1,065,806
Household durables – 2.3%
Lennar Corp., A Shares	28,260		1,079,532
Newell Brands, Inc.	116,016		1,540,692
Toll Brothers, Inc.	11,200		215,600
			2,835,824
Textiles, apparel and luxury goods – 0.5%
PVH Corp.	17,400		654,936
			4,556,566
Consumer staples – 9.6%
Beverages – 0.1%
Heineken NV	880		74,680
Food and staples retailing – 3.0%
The Kroger Company	76,726		2,310,987
Walgreens Boots Alliance, Inc.	28,930		1,323,548
			3,634,535
Food products – 3.2%
Archer-Daniels-Midland Company	32,100		1,129,278
Conagra Brands, Inc.	25,418		745,764
The Kraft Heinz Company	80,800		1,998,992
			3,874,034
Household products – 0.5%
Energizer Holdings, Inc.	21,313		644,718
Tobacco – 2.8%
Altria Group, Inc.	27,572		1,066,209
British American Tobacco PLC	51,908		1,768,260
British American Tobacco PLC, ADR	17,408		595,180
			3,429,649
			11,657,616
Energy – 5.6%
Energy equipment and services – 0.7%
Baker Hughes Company	31,800		333,900
Schlumberger, Ltd.	43,300		584,117
			918,017
Oil, gas and consumable fuels – 4.9%
BP PLC	358,094		1,468,524
Kinder Morgan, Inc.	137,600		1,915,392
Marathon Oil Corp.	126,877		417,425
Plains GP Holdings LP, Class A (A)	44,201		247,968
Royal Dutch Shell PLC, A Shares	31,946		555,019
Royal Dutch Shell PLC, A Shares (London Stock Exchange)	15,242		264,310
The Williams Companies, Inc.	73,384		1,038,384
			5,907,022
			6,825,039
Financials – 12.8%
Banks – 5.5%
Cadence BanCorp	4,234		27,733
CIT Group, Inc.	1,288		22,231
Citigroup, Inc.	42,560		1,792,627
Citizens Financial Group, Inc.	60,535		1,138,663
JPMorgan Chase & Co.	22,712		2,044,761
Wells Fargo & Company	58,668		1,683,772
			6,709,787

 

152

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets – 0.7%
Credit Suisse Group AG (A)	112,650	$	909,237
Consumer finance – 1.0%
Capital One Financial Corp.	23,262		1,172,870
Diversified financial services – 1.3%
Berkshire Hathaway, Inc., Class B (A)	443		81,445
Voya Financial, Inc.	36,330		1,473,182
			1,554,627
Insurance – 4.3%
American International Group, Inc.	64,250		1,558,063
Everest Re Group, Ltd.	6,069		1,167,797
MetLife, Inc.	30,839		942,748
The Hartford Financial Services Group, Inc.	43,259		1,524,447
			5,193,055
			15,539,576
Health care – 15.7%
Health care equipment and supplies – 3.2%
Medtronic PLC	42,639		3,845,186
Health care providers and services – 2.7%
Anthem, Inc.	5,202		1,181,062
CVS Health Corp.	34,948		2,073,465
			3,254,527
Pharmaceuticals – 9.8%
Elanco Animal Health, Inc. (A)	8,580		192,106
Eli Lilly & Company	20,405		2,830,582
GlaxoSmithKline PLC	133,518		2,505,353
Merck & Company, Inc.	37,353		2,873,940
Novartis AG, ADR	30,573		2,520,744
Perrigo Company PLC	21,600		1,038,744
			11,961,469
			19,061,182
Industrials – 4.7%
Aerospace and defense – 2.1%
BAE Systems PLC	212,441		1,364,938
Huntington Ingalls Industries, Inc.	6,739		1,227,913
			2,592,851
Building products – 1.0%
Johnson Controls International PLC	44,200		1,191,632
Industrial conglomerates – 1.0%
General Electric Company	160,158		1,271,655
Machinery – 0.6%
CNH Industrial NV	117,327		668,211
			5,724,349
Information technology – 10.2%
Communications equipment – 0.9%
Cisco Systems, Inc.	28,487		1,119,824
Electronic equipment, instruments and components – 0.9%
Corning, Inc.	54,009		1,109,345
IT services – 1.5%
Cognizant Technology Solutions Corp., Class A	39,426		1,832,126
Software – 3.1%
NortonLifeLock, Inc.	84,637		1,583,558
Oracle Corp.	45,818		2,214,384
			3,797,942
Technology hardware, storage and peripherals – 3.8%
Hewlett Packard Enterprise Company	101,071		981,399
Samsung Electronics Company, Ltd.	63,416		2,465,708

Mutual Shares Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Western Digital Corp.		27,500	$	1,144,550
				4,591,657
				12,450,894
Materials – 1.4%
Containers and packaging – 1.4%
International Paper Company		44,080		1,372,210
Westrock Company		12,086		341,550
				1,713,760
Real estate – 0.9%
Equity real estate investment trusts – 0.9%
Alexander's, Inc.		804		221,864
Vornado Realty Trust		23,418		847,966
				1,069,830
TOTAL COMMON STOCKS (Cost $108,110,624)			$	88,472,345
EXCHANGE-TRADED FUNDS – 4.1%
Vanguard Value ETF		56,150		5,000,719
TOTAL EXCHANGE-TRADED FUNDS (Cost $5,072,856)			$	5,000,719
CORPORATE BONDS - 0.2%
Communication services - 0.2%
Frontier Communications Corp. 8.000%, 04/01/2027 (B)	$	267,000		263,337
TOTAL CORPORATE BONDS (Cost $267,001)			$	263,337
ESCROW CERTIFICATES - 0.0%
Texas Competitive Electric Holdings Company LLC 11.500%, 10/01/2020 (A)(C)		7,466,240		11,199
TOTAL ESCROW CERTIFICATES (Cost $3,316)			$	11,199
SHORT-TERM INVESTMENTS – 3.6%
U.S. Government – 1.3%
U.S. Treasury Bill 1.546%, 04/07/2020 *	$	1,500,000		1,499,982
U.S. Government Agency – 2.2%
Federal Home Loan Bank Discount Note 0.000%, 04/01/2020 *		2,700,000		2,700,000
Short-term funds – 0.1%
John Hancock Collateral Trust, 1.1260% (D)(E)		14,396		143,927
TOTAL SHORT-TERM INVESTMENTS (Cost $4,343,480)			$	4,343,909
Total Investments (Mutual Shares Trust) (Cost $117,797,277) – 80.6%			$	98,091,509
Other assets and liabilities, net – 19.4%				23,563,311
TOTAL NET ASSETS – 100.0%			$	121,654,820

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)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

 

153

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)

DERIVATIVES

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
KRW	825,359,240	USD	670,138	HSBC	4/17/2020	$7,723	—
USD	3,009,723	KRW	3,549,076,440	HSBC	4/17/2020	94,894	—
						$102,617	—

Derivatives Currency Abbreviations
KRW	Korean Won
USD	U.S. Dollar

Derivatives Abbreviations
HSBC	HSBC Bank PLC
OTC	Over-the-counter

Opportunistic Fixed Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 29.4%
U.S. Government - 12.7%
U.S. Treasury Inflation Protected Securities
0.125%, 01/15/2030	$	3,869,843	$	3,991,875
0.250%, 07/15/2029		2,672,234		2,777,372
0.625%, 01/15/2026 (A)		10,540,691		10,891,700
0.750%, 02/15/2045		1,139,185		1,302,665
0.875%, 02/15/2047		1,581,454		1,882,823
1.000%, 02/15/2048		585,760		721,736
				21,568,171
U.S. Government Agency - 16.7%
Federal National Mortgage Association 3.000%, TBA (B)		10,824,000		11,344,959
Government National Mortgage Association 2.500%, TBA (B)		16,267,000		17,006,472
				28,351,431
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $49,975,653)			$	49,919,602
FOREIGN GOVERNMENT OBLIGATIONS - 44.1%
Argentina - 0.1%
Republic of Argentina 5.000%, 01/15/2027	EUR	930,000		251,796
Bermuda - 0.1%
Government of Bermuda 3.717%, 01/25/2027	$	200,000		190,500
Brazil - 0.5%
Federative Republic of Brazil 10.000%, 01/01/2025	BRL	4,042,000		896,924
Canada - 5.0%
Government of Canada
2.750%, 12/01/2048	CAD	840,000		798,636
4.250%, 12/01/2026		8,597,290		7,648,490
				8,447,126
Chile - 0.1%
Republic of Chile 5.000%, 03/01/2035	CLP	175,000,000		228,283
Colombia - 0.3%
Republic of Colombia 6.000%, 04/28/2028	COP	2,170,900,000		493,072

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Czech Republic - 0.2%
Government of Czech Republic 0.250%, 02/10/2027	CZK	10,210,000	$	381,555
Dominican Republic - 0.3%
Government of Dominican Republic 7.450%, 04/30/2044	$	565,000		548,050
Germany - 6.9%
Federal Republic of Germany, Inflation Linked Bond
0.100%, 04/15/2026	EUR	5,266,058		6,138,097
0.500%, 04/15/2030		4,419,279		5,606,732
				11,744,829
Guatemala - 0.1%
Republic of Guatemala 4.900%, 06/01/2030	$	200,000		191,500
Hungary - 0.2%
Republic of Hungary 2.750%, 12/22/2026	HUF	103,800,000		333,583
Iceland - 1.6%
Republic of Iceland 5.000%, 11/15/2028	ISK	325,860,000		2,708,775
Indonesia - 0.5%
Republic of Indonesia 7.000%, 05/15/2027	IDR	14,090,000,000		823,541
Israel - 0.3%
Government of Israel
2.750%, 07/03/2030	$	320,000		320,000
3.875%, 07/03/2050		200,000		200,000
				520,000
Japan - 5.8%
Government of Japan, CPI Linked Bond 0.100%, 03/10/2028	JPY	1,052,683,416		9,795,022
Malaysia - 0.4%
Government of Malaysia 3.955%, 09/15/2025	MYR	2,640,000		635,191
Mexico - 2.5%
Government of Mexico
4.000%, 11/30/2028	MXN	25,121,257		1,085,670
5.625%, 03/19/2114	GBP	100,000		128,356
7.500%, 06/03/2027	MXN	19,039,100		815,706
8.000%, 11/07/2047		52,724,600		2,219,267
				4,248,999

 

154

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
New Zealand - 3.4%
Dominion of New Zealand 3.000%, 04/20/2029	NZD	8,330,000	$	5,784,681
Peru - 0.2%
Republic of Peru 6.950%, 08/12/2031	PEN	1,080,000		358,546
Poland - 0.5%
Republic of Poland 2.250%, 10/25/2024	PLN	3,330,000		845,592
Romania - 0.5%
Government of Romania
3.875%, 10/29/2035	EUR	520,000		594,817
4.750%, 02/24/2025	RON	1,080,000		251,066
				845,883
Russia - 4.0%
Government of Russia 7.750%, 09/16/2026	RUB	51,680,000		698,891
Government of Russia, Inflation Linked Bond 2.500%, 02/02/2028		497,360,832		6,092,195
				6,791,086
Singapore - 1.4%
Republic of Singapore
2.750%, 03/01/2046	SGD	570,000		492,060
2.875%, 07/01/2029		2,380,000		1,905,155
				2,397,215
South Africa - 1.5%
Republic of South Africa
1.875%, 03/31/2029	ZAR	46,224,718		1,911,575
7.000%, 02/28/2031		15,040,000		627,660
				2,539,235
South Korea - 6.3%
Republic of Korea 1.375%, 12/10/2029	KRW	11,693,550,000		9,440,542
Republic of Korea, Inflation Linked Bond 1.750%, 06/10/2028		1,451,941,337		1,239,986
				10,680,528
Spain - 0.7%
Kingdom of Spain 2.700%, 10/31/2048 (C)	EUR	870,000		1,219,764
Thailand - 0.5%
Kingdom of Thailand 2.875%, 12/17/2028	THB	25,980,000		882,757
Turkey - 0.2%
Republic of Turkey 9.000%, 07/24/2024	TRY	2,200,000		291,748
Uruguay - 0.0%
Republic of Uruguay 8.500%, 03/15/2028	UYU	670,000		12,454
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $83,219,746)			$	75,088,235
CORPORATE BONDS - 10.9%
Brazil - 0.0%
Vale Overseas, Ltd. 6.875%, 11/10/2039	$	70,000		77,176
Canada - 0.2%
Bombardier, Inc. 7.875%, 04/15/2027 (C)		100,000		69,000
Garda World Security Corp. 9.500%, 11/01/2027 (C)		40,000		35,756

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Canada (continued)
New Red Finance, Inc. 4.375%, 01/15/2028 (C)	$	120,000	$	110,868
Tervita Corp. 7.625%, 12/01/2021 (C)		100,000		70,000
				285,624
Cayman Islands - 0.0%
Noble Holding International, Ltd. 7.875%, 02/01/2026 (C)		50,000		12,000
China - 0.1%
Longfor Group Holdings, Ltd. 3.950%, 09/16/2029		200,000		184,227
Finland - 0.5%
Nokia OYJ
4.375%, 06/12/2027		120,000		116,400
6.625%, 05/15/2039		800,000		810,400
				926,800
France - 0.2%
Altice France SA 3.375%, 01/15/2028	EUR	150,000		154,708
Constellium SE 4.250%, 02/15/2026		100,000		82,717
La Financiere Atalian SASU 4.000%, 05/15/2024		100,000		62,861
				300,286
Greece - 0.1%
Ellaktor Value PLC 6.375%, 12/15/2024 (C)		110,000		82,618
Ireland - 0.1%
AerCap Ireland Capital DAC 3.650%, 07/21/2027	$	150,000		116,249
Ardagh Packaging Finance PLC 2.750%, 03/15/2024	EUR	100,000		105,268
				221,517
Luxembourg - 0.1%
Codere Finance 2 Luxembourg SA 6.750%, 11/01/2021		510,000		194,613
Mexico - 0.2%
Petroleos Mexicanos 7.690%, 01/23/2050	$	480,000		333,602
Netherlands - 0.2%
NXP BV 4.300%, 06/18/2029 (C)		110,000		112,621
Teva Pharmaceutical Finance Netherlands III BV
2.200%, 07/21/2021		20,000		19,104
2.800%, 07/21/2023		40,000		36,500
3.150%, 10/01/2026		180,000		151,623
				319,848
Spain - 0.0%
Banco Santander SA (1.000% to 12-15-24, then 5 Year Euro Swap Rate + 5.947%) 12/15/2024 (D)	EUR	80,000		66,448
Sweden - 0.1%
Verisure Midholding AB 5.750%, 12/01/2023		100,000		95,414
Switzerland - 0.1%
Credit Suisse Group AG (6.250% to 12-18-24, then 5 Year U.S. Swap Rate + 3.455%) 12/18/2024 (C)(D)	$	220,000		202,675

 

155

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States - 8.9%
3M Company 3.050%, 04/15/2030	$	15,000	$	15,709
Acrisure LLC 7.000%, 11/15/2025 (C)		100,000		86,000
Adams Homes, Inc. 7.500%, 02/15/2025 (C)		20,000		19,100
Adient US LLC 7.000%, 05/15/2026 (C)		40,000		37,000
Advanced Drainage Systems, Inc. 5.000%, 09/30/2027 (C)		20,000		17,800
Altria Group, Inc. 3.125%, 06/15/2031	EUR	760,000		821,729
American Axle & Manufacturing, Inc. 6.500%, 04/01/2027	$	45,000		34,706
American Builders & Contractors Supply Company, Inc. 4.000%, 01/15/2028 (C)		5,000		4,550
AmeriGas Partners LP 5.875%, 08/20/2026		60,000		57,468
Antero Midstream Partners LP
5.375%, 09/15/2024		380,000		263,986
5.750%, 03/01/2027 to 01/15/2028 (C)		1,120,000		716,800
APX Group, Inc.
6.750%, 02/15/2027 (C)		50,000		41,500
7.625%, 09/01/2023		165,000		127,464
Archer-Daniels-Midland Company 3.250%, 03/27/2030		130,000		137,717
Ashton Woods USA LLC 6.625%, 01/15/2028 (C)		45,000		35,550
AutoZone, Inc.
3.625%, 04/15/2025		135,000		136,873
4.000%, 04/15/2030		210,000		214,317
B&G Foods, Inc. 5.250%, 09/15/2027		50,000		48,750
Bausch Health Companies, Inc.
5.000%, 01/30/2028 (C)		60,000		56,802
6.125%, 04/15/2025 (C)		60,000		59,100
Boyd Gaming Corp. 4.750%, 12/01/2027 (C)		25,000		20,625
Brand Industrial Services, Inc. 8.500%, 07/15/2025 (C)		25,000		19,630
Broadcom Corp. 3.500%, 01/15/2028		140,000		129,735
Caesars Resort Collection LLC 5.250%, 10/15/2025 (C)		50,000		36,110
4.500%, 08/15/2030 to 05/01/2032 (C)		100,000		97,760
Centennial Resource Production LLC 5.375%, 01/15/2026 (C)		1,180,000		283,200
Change Healthcare Holdings LLC 5.750%, 03/01/2025 (C)		80,000		74,000
Chesapeake Energy Corp. 11.500%, 01/01/2025 (C)		100,000		16,000
Cinemark USA, Inc. 5.125%, 12/15/2022		115,000		90,850
Citigroup, Inc. (4.412% to 3-31-30, then SOFR + 3.914%) 03/31/2031		275,000		302,576
Clearway Energy Operating LLC 4.750%, 03/15/2028 (C)		40,000		37,100
Comcast Corp.
3.400%, 04/01/2030		55,000		59,586
3.750%, 04/01/2040		20,000		22,104
Consolidated Edison Company of New York, Inc. 3.350%, 04/01/2030		35,000		36,101

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Credit Acceptance Corp. 5.125%, 12/31/2024 (C)	$	110,000	$	100,100
Crown Castle International Corp. 3.200%, 09/01/2024		120,000		119,645
CSX Corp. 4.250%, 03/15/2029		105,000		117,813
CVS Health Corp.
3.625%, 04/01/2027		65,000		66,610
3.750%, 04/01/2030		85,000		87,949
Deere & Company 3.100%, 04/15/2030		85,000		90,125
eBay, Inc. 2.700%, 03/11/2030		130,000		117,696
Endo Finance LLC 5.375%, 01/15/2023 (C)		150,000		105,000
EnLink Midstream Partners LP 4.850%, 07/15/2026		1,150,000		565,455
EQM Midstream Partners LP 6.500%, 07/15/2048		100,000		54,970
EQT Corp.
3.900%, 10/01/2027		120,000		82,764
6.125%, 02/01/2025		1,030,000		793,203
Ferrellgas LP 6.750%, 01/15/2022		30,000		25,650
Flex Acquisition Company, Inc. 6.875%, 01/15/2025 (C)		75,000		70,125
Florida Power & Light Company 2.850%, 04/01/2025		65,000		68,355
Fox Corp.
3.050%, 04/07/2025		25,000		24,961
3.500%, 04/08/2030		80,000		79,839
Freedom Mortgage Corp. 8.250%, 04/15/2025 (C)		25,000		19,625
Freeport-McMoRan, Inc. 5.000%, 09/01/2027		85,000		78,918
General Motors Company 6.750%, 04/01/2046		840,000		671,657
Genworth Holdings, Inc.
4.800%, 02/15/2024		40,000		34,600
6.500%, 06/15/2034		40,000		32,800
7.625%, 09/24/2021		40,000		38,008
Golden Entertainment, Inc. 7.625%, 04/15/2026 (C)		15,000		9,900
HCA, Inc.
5.375%, 02/01/2025 to 09/01/2026		80,000		81,900
7.500%, 11/15/2095		20,000		19,994
Jacobs Entertainment, Inc. 7.875%, 02/01/2024 (C)		25,000		21,063
Jagged Peak Energy LLC 5.875%, 05/01/2026		30,000		22,434
Kimberly-Clark Corp. 3.100%, 03/26/2030		20,000		21,477
KLA Corp. 4.100%, 03/15/2029		110,000		119,868
Lowe's Companies, Inc.
4.500%, 04/15/2030		140,000		154,469
5.125%, 04/15/2050		85,000		102,386
Mastercard, Inc. 3.350%, 03/26/2030		35,000		38,892
Matador Resources Company 5.875%, 09/15/2026		1,100,000		307,615
Mattel, Inc. 5.875%, 12/15/2027 (C)		100,000		102,000
McDonald's Corp. 3.600%, 07/01/2030		125,000		130,913

 

156

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Morgan Stanley (3.622% to 4-1-30, then SOFR + 3.120%) 04/01/2031	$	330,000	$	343,444
Nexstar Broadcasting, Inc. 5.625%, 07/15/2027 (C)		80,000		78,200
NIKE, Inc. 2.850%, 03/27/2030		200,000		211,404
NortonLifeLock, Inc. 5.000%, 04/15/2025 (C)		10,000		10,097
NVIDIA Corp. 2.850%, 04/01/2030		115,000		119,524
Olin Corp. 5.625%, 08/01/2029		170,000		156,443
Oracle Corp.
2.800%, 04/01/2027		280,000		284,139
2.950%, 04/01/2030		220,000		221,320
O'Reilly Automotive, Inc. 4.200%, 04/01/2030		150,000		155,341
Panther BF Aggregator 2 LP 8.500%, 05/15/2027 (C)		60,000		52,344
Party City Holdings, Inc. 6.625%, 08/01/2026 (C)		25,000		2,500
PDC Energy, Inc. 5.750%, 05/15/2026		1,610,000		900,232
Penn National Gaming, Inc. 5.625%, 01/15/2027 (C)		60,000		44,512
Performance Food Group, Inc. 5.500%, 10/15/2027 (C)		30,000		27,825
Pfizer, Inc. 2.625%, 04/01/2030		25,000		26,234
Photo Holdings Merger Sub, Inc. 8.500%, 10/01/2026 (C)		60,000		48,600
Post Holdings, Inc. 5.750%, 03/01/2027 (C)		80,000		81,977
Presidio Holdings, Inc. 8.250%, 02/01/2028 (C)		60,000		52,875
Prestige Brands, Inc. 5.125%, 01/15/2028 (C)		70,000		69,321
QEP Resources, Inc.
5.375%, 10/01/2022		540,000		253,800
5.625%, 03/01/2026		170,000		62,050
Revlon Consumer Products Corp. 6.250%, 08/01/2024		50,000		11,500
Reynolds American, Inc. 5.850%, 08/15/2045		580,000		623,691
SM Energy Company 5.000%, 01/15/2024		100,000		29,500
Southwestern Energy Company 7.500%, 04/01/2026		1,220,000		799,100
SPX FLOW, Inc. 5.875%, 08/15/2026 (C)		165,000		158,400
SSL Robotics LLC 9.750%, 12/31/2023 (C)		40,000		41,200
Sugarhouse HSP Gaming Prop Mezz LP 5.875%, 05/15/2025 (C)		50,000		40,985
Sysco Corp.
5.650%, 04/01/2025		30,000		31,237
5.950%, 04/01/2030		45,000		47,384
Taylor Morrison Communities, Inc. 5.750%, 01/15/2028 (C)		70,000		62,504
The Home Depot, Inc.
2.500%, 04/15/2027		25,000		25,249
2.700%, 04/15/2030		75,000		76,435
The TJX Companies, Inc.
3.750%, 04/15/2027		190,000		195,103

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
The TJX Companies, Inc. (continued)
3.875%, 04/15/2030	$	200,000	$	206,950
TransDigm, Inc. 5.500%, 11/15/2027 (C)		50,000		44,875
Transocean, Inc. 6.800%, 03/15/2038		100,000		23,000
United Rentals North America, Inc.
4.625%, 10/15/2025		40,000		37,800
4.875%, 01/15/2028		80,000		77,600
United States Steel Corp. 6.250%, 03/15/2026		470,000		305,500
USI, Inc. 6.875%, 05/01/2025 (C)		75,000		69,750
VICI Properties LP 4.125%, 08/15/2030 (C)		50,000		47,375
Viper Energy Partners LP 5.375%, 11/01/2027 (C)		190,000		159,600
Western Digital Corp. 4.750%, 02/15/2026		10,000		10,165
WPX Energy, Inc. 5.250%, 09/15/2024		40,000		24,400
WW International, Inc. 8.625%, 12/01/2025 (C)		75,000		64,313
				15,152,875
Virgin Islands, British - 0.1%
GTL Trade Finance, Inc. 5.893%, 04/29/2024		150,000		148,050
TOTAL CORPORATE BONDS (Cost $23,772,834)			$	18,603,773
CONVERTIBLE BONDS - 0.1%
United States - 0.1%
Oasis Petroleum, Inc., 2.625%, 09/15/2023		310,000		35,612
Western Digital Corp., 1.500%, 02/01/2024		100,000		86,982
				122,594
TOTAL CONVERTIBLE BONDS (Cost $308,388)			$	122,594
TERM LOANS (E) - 3.5%
United States - 3.5%
Acrisure LLC, 2020 Term Loan B (3 month LIBOR + 3.500%), 5.207%, 02/15/2027		350,000		308,000
AlixPartners LLP, 2017 Term Loan B, TBD, 04/04/2024 (F)		199,486		190,010
Aretec Group, Inc., 2018 Term Loan, TBD, 10/01/2025 (F)		199,495		130,669
Asurion LLC, 2017 2nd Lien Term Loan, TBD, 08/04/2025 (F)		350,000		318,938
Asurion LLC, 2017 Term Loan B4, TBD, 08/04/2022 (F)		149,523		141,050
Asurion LLC, 2018 Term Loan B7, TBD, 11/03/2024 (F)		120,000		113,400
Bass Pro Group LLC, Term Loan B (1 month LIBOR + 5.000%), 5.989%, 09/25/2024		119,693		99,944
Berlin Packaging LLC, Term Loan B1, TBD, 11/07/2025 (F)		129,670		112,489
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, TBD, 12/23/2024 (F)		100,000		80,400
CEOC LLC, Exit Term Loan, TBD, 10/07/2024 (F)		100,000		80,833
Core & Main LP, 2017 Term Loan B, TBD, 08/01/2024 (F)		250,000		219,375

 

157

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) (continued)
United States (continued)
Coty, Inc., 2018 USD Term Loan B, TBD, 04/07/2025 (F)	$	75,000	$	59,306
Deerfield Dakota Holding LLC, 2020 EUR Term Loan B, TBD, 03/05/2027 (F)	EUR	300,000		258,078
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, TBD, 03/05/2027 (F)	$	705,000		592,200
Elanco Animal Health, Inc., Term Loan B, TBD, 02/04/2027 (F)		250,000		236,250
Gray Television, Inc., Term Loan C, TBD, 01/02/2026 (F)		250,000		231,500
HUB International, Ltd., 2018 Term Loan B (2 month LIBOR + 2.750%), 4.543%, 04/25/2025		249,365		231,661
ION Media Networks, Inc., 2019 Term Loan B, TBD, 12/18/2024 (F)		249,373		226,930
Medallion Midland Acquisition LLC, 1st Lien Term Loan (1 month LIBOR + 3.250%), 4.250%, 10/30/2024		99,745		53,862
MPH Acquisition Holdings LLC, 2016 Term Loan B, TBD, 06/07/2023 (F)		200,000		176,166
Penn National Gaming, Inc., 2018 1st Lien Term Loan B, TBD, 10/15/2025 (F)		100,000		74,821
Playtika Holding Corp., Term Loan B, TBD, 12/10/2024 (F)		200,000		185,666
Quikrete Holdings, Inc., 2016 1st Lien Term Loan, TBD, 02/01/2027 (F)		199,500		183,540
Science Applications International Corp., 2020 Incremental Term Loan B, TBD, 03/05/2027 (F)		170,000		158,950
SCIH Salt Holdings, Inc., Term Loan B, TBD, 03/16/2027 (F)		100,000		88,000
Sedgwick Claims Management Services, Inc., 2018 Term Loan B, TBD, 12/31/2025 (F)		199,495		175,390
Sprint Communications, Inc., 1st Lien Term Loan B (1 month LIBOR + 2.500%), 3.500%, 02/02/2024		299,229		296,985
SS&C Technologies, Inc., 2018 Term Loan B3, TBD, 04/16/2025 (F)		145,894		136,046
SS&C Technologies, Inc., 2018 Term Loan B4, TBD, 04/16/2025 (F)		104,106		97,079
Surf Holdings LLC, USD Term Loan, TBD, 03/05/2027 (F)		100,000		88,500
Telenet Financing USD LLC, 2020 USD Term Loan AR, TBD, 04/30/2028 (F)		100,000		91,100
TransDigm, Inc., 2020 Term Loan E, TBD, 05/30/2025 (F)		199,500		181,046
TransDigm, Inc., 2020 Term Loan F, TBD, 12/09/2025 (F)		100,000		90,750
WW International, Inc., 2017 Term Loan B, TBD, 11/29/2024 (F)		246,258		229,020
				5,937,954
TOTAL TERM LOANS (Cost $6,434,190)			$	5,937,954
COLLATERALIZED MORTGAGE OBLIGATIONS - 2.8%
Commercial and residential - 0.9%
Arroyo Mortgage Trust
Series 2018-1, Class A1, 3.763%, 04/25/2048 (C)(G)		200,753		195,401
Series 2019-1, Class A1, 3.805%, 01/25/2049 (C)(G)		200,368		194,576

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Bear Stearns ALT-A Trust, Series 2005-7, Class 22A1, 3.958%, 09/25/2035 (G)	$	295	$	216
Bunker Hill Loan Depositary Trust, Series 2019-1, Class A1, 3.613%, 10/26/2048 (C)		202,119		197,905
COLT Mortgage Loan Trust
Series 2019-1, Class A1, 3.705%, 03/25/2049 (C)(G)		71,659		71,026
Series 2019-2, Class A1, 3.337%, 05/25/2049 (C)(G)		199,083		194,789
Series 2019-4, Class A1, 2.579%, 11/25/2049 (C)(G)		166,350		161,342
Countrywide Alternative Loan Trust
Series 2005-21CB, Class A3, 5.250%, 06/25/2035		292		253
Series 2007-OA11, Class A1B (12 month Treasury Average Index + 1.250%), 3.216%, 11/25/2047 (H)		789		611
KKR Industrial Portfolio Trust, Series 2020-AIP, Class A (1 month LIBOR + 1.037%), 2.037%, 03/15/2037 (C)(H)		250,000		223,136
Metlife Securitization Trust, Series 2018-1A, Class A, 3.750%, 03/25/2057 (C)(G)		196,961		198,599
Residential Accredit Loans Trust, Series 2006-QA2, Class 2A1, 5.282%, 02/25/2036 (G)		619		452
Verus Securitization Trust, Series 2019-3, Class A1, 2.784%, 07/25/2059 (C)		101,659		99,667
Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR5, Class 3A (12 month Treasury Average Index + 0.940%), 2.906%, 07/25/2046 (H)		449		273
				1,538,246
U.S. Government Agency - 1.9%
Federal Home Loan Mortgage Corp.
Series 2016-DNA2, Class M3 (1 month LIBOR + 4.650%), 5.597%, 10/25/2028 (H)		217,621		206,740
Series 2016-DNA4, Class M3 (1 month LIBOR + 3.800%), 4.747%, 03/25/2029 (H)		250,000		231,843
Series 2016-HQA2, Class M2 (1 month LIBOR + 2.250%), 3.197%, 11/25/2028 (H)		262,286		258,412
Series 2017-DNA2, Class M1 (1 month LIBOR + 1.200%), 2.147%, 10/25/2029 (H)		362,671		353,126
Series 2017-DNA2, Class M2 (1 month LIBOR + 3.450%), 4.397%, 10/25/2029 (H)		306,000		272,311
Series 2020-DNA2, Class M2 (1 month LIBOR + 1.850%), 2.797%, 02/25/2050 (C)(H)		100,000		63,520
Series 2020-HQA2, Class M2 (1 month LIBOR + 3.100%), 3.911%, 03/25/2050 (C)(H)		40,000		25,739

 

158

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series K105, Class X1 IO, 1.645%, 01/25/2030	$	395,000	$	46,677
Federal National Mortgage Association
Series 2015-C04, Class 1M2 (1 month LIBOR + 5.700%), 6.647%, 04/25/2028 (H)		364,082		359,981
Series 2016-C01, Class 1M2 (1 month LIBOR + 6.750%), 7.697%, 08/25/2028 (H)		277,714		265,186
Series 2017-C03, Class 1M2 (1 month LIBOR + 3.000%), 3.947%, 10/25/2029 (H)		620,000		549,004
Series 2017-C05, Class 1M2 (1 month LIBOR + 2.200%), 3.147%, 01/25/2030 (H)		562,031		496,599
Government National Mortgage Association, Series 2018-72, Class ID IO, 4.500%, 08/20/2045		252,109		40,437
				3,169,575
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $4,823,816)			$	4,707,821
ASSET BACKED SECURITIES - 3.3%
Ally Auto Receivables Trust
Series 2018-2, Class A3, 2.920%, 11/15/2022		527,346		529,976
Series 2019-4, Class A3, 1.840%, 06/17/2024		260,000		260,975
Ally Master Owner Trust, Series 2017-3, Class A1 (1 month LIBOR + 0.430%), 1.135%, 06/15/2022 (H)		165,000		163,996
American Credit Acceptance Receivables Trust, Series 2018-3, Class C, 3.750%, 10/15/2024 (C)		225,000		223,827
AmeriCredit Automobile Receivables, Series 2016-1, Class D, 3.590%, 02/08/2022		250,000		249,878
Bluemountain CLO, Ltd., Series 2012-2A, Class AR2 (3 month LIBOR + 1.050%), 2.745%, 11/20/2028 (C)(H)		250,000		242,790
BMW Vehicle Lease Trust, Series 2018-1, Class A3, 3.260%, 07/20/2021		200,000		200,198
Canadian Pacer Auto Receivables Trust
Series 2018-1A, Class A3, 3.000%, 11/19/2021 (C)		74,490		74,443
Series 2018-2A, Class A2A, 3.000%, 06/21/2021 (C)		72,017		71,912
Carlyle U.S. CLO, Ltd., Series 2017-2A, Class A1B (3 month LIBOR + 1.220%), 3.039%, 07/20/2031 (C)(H)		250,000		234,210
CCG Receivables Trust, Series 2018-1, Class A2, 2.500%, 06/16/2025 (C)		260,132		259,582
CIFC Funding, Ltd., Series 2014-2RA, Class A1 (3 month LIBOR + 1.050%), 2.851%, 04/24/2030 (C)(H)		300,000		285,029

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
First Investors Auto Owner Trust, Series 2020-1A, Class A, 1.490%, 01/15/2025 (C)	$	350,000	$	350,364
Ford Credit Auto Lease Trust, Series 2018-A, Class A3, 2.930%, 06/15/2021		268,535		268,609
Ford Credit Auto Owner Trust
Series 2016-1, Class A, 2.310%, 08/15/2027 (C)		205,000		203,131
Series 2017-A, Class A4, 1.920%, 04/15/2022		160,000		160,181
Series 2017-C, Class A3, 2.010%, 03/15/2022		109,200		109,220
GM Financial Consumer Automobile Receivables Trust, Series 2018-2, Class A3, 2.810%, 12/16/2022		262,710		262,815
LCM XXV, Ltd., Series 25A, Class A (3 month LIBOR + 1.210%), 3.029%, 07/20/2030 (C)(H)		274,000		259,397
Mercedes-Benz Auto Lease Trust, Series 2019-A, Class A3, 3.100%, 11/15/2021		125,000		125,595
Navient Private Education Refi Loan Trust, Series 2018-A, Class A1, 2.530%, 02/18/2042 (C)		142,562		142,439
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.250%, 03/25/2058 (C)(G)		196,915		199,078
Toyota Auto Receivables Owner Trust
Series 2016-D, Class A4, 1.420%, 01/15/2022		133,614		133,252
Series 2019-C, Class A2A, 2.000%, 04/15/2022		133,000		132,727
Westlake Automobile Receivables Trust, Series 2020-1A, Class A2, 1.440%, 09/15/2023 (C)		350,000		345,757
World Omni Auto Receivables Trust, Series 2019-A, Class A3, 3.040%, 05/15/2024		165,000		166,549
TOTAL ASSET BACKED SECURITIES (Cost $5,656,307)			$	5,655,930
EXCHANGE-TRADED FUNDS - 9.7%
iShares iBoxx High Yield Corporate Bond ETF		69,000		5,317,830
iShares JP Morgan USD Emerging Markets Bond ETF		79,500		7,686,060
SPDR Blackstone/GSO Senior Loan ETF		54,477		2,179,625
SPDR Bloomberg Barclays Convertible Securities ETF		26,400		1,263,504
TOTAL EXCHANGE-TRADED FUNDS (Cost $19,133,612)			$	16,447,019
SHORT-TERM INVESTMENTS - 22.8%
Short-term funds - 22.8%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (I)		38,860,612		38,860,612
TOTAL SHORT-TERM INVESTMENTS (Cost $38,860,612)			$	38,860,612
Total Investments (Opportunistic Fixed Income Trust) (Cost $232,185,158) - 126.6%			$	215,343,540
Other assets and liabilities, net - (26.6%)				(45,181,974)
TOTAL NET ASSETS - 100.0%			$	170,161,566

Currency Abbreviations
BRL	Brazilian Real
CAD	Canadian Dollar

 

159

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

CLP	Chilean Peso
COP	Colombian Peso
CZK	Czech Republic Koruna
EUR	Euro
GBP	Pound Sterling
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ISK	Icelandic Krona
JPY	Japanese Yen
KRW	Korean Won
MXN	Mexican Peso
MYR	Malaysian Ringgit
NZD	New Zealand Dollar
PEN	Peruvian Nuevo Sol
PLN	Polish Zloty
RON	Romanian New Leu
RUB	Russian Ruble
SGD	Singapore Dollar
THB	Thai Bhat
TRY	Turkish Lira
UYU	Uruguayan Peso
ZAR	South African Rand
Security Abbreviations and Legend
CPI	Consumer Price Index
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

Opportunistic Fixed Income Trust (continued)

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)	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.
(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 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.
(H)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(I)	The rate shown is the annualized seven-day yield as of 3-31-20.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Australian Treasury Bond Futures	40	Long	Jun 2020	$3,716,759	$3,704,123	$(12,636)
10-Year Canada Government Bond Futures	17	Long	Jun 2020	1,752,473	1,777,432	24,959
10-Year U.S. Treasury Note Futures	1	Long	Jun 2020	138,315	138,688	373
5-Year U.S. Treasury Note Futures	23	Long	Jun 2020	2,864,113	2,883,266	19,153
Ultra U.S. Treasury Bond Futures	7	Long	Jun 2020	1,504,669	1,553,125	48,456
10-Year Mini Japan Government Bond Futures	16	Short	Jun 2020	(2,298,798)	(2,271,472)	27,326
2-Year U.S. Treasury Note Futures	19	Short	Jun 2020	(4,177,715)	(4,187,273)	(9,558)
Euro-Buxl Futures	2	Short	Jun 2020	(480,906)	(462,996)	17,910
German Euro BUND Futures	51	Short	Jun 2020	(9,843,393)	(9,703,320)	140,073
U.K. Long Gilt Bond Futures	34	Short	Jun 2020	(5,750,650)	(5,751,495)	(845)
U.S. Treasury Long Bond Futures	14	Short	Jun 2020	(2,448,287)	(2,506,875)	(58,588)
						$196,623

^ 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	11,044,000	USD	6,398,242	JPM	4/30/2020	$382,082	—
BRL	10,346,000	USD	1,990,113	CITI	4/2/2020	4,527	—
BRL	10,346,000	USD	2,035,813	MSI	4/2/2020	—	$(41,172)
BRL	2,706,000	USD	526,894	MSI	5/5/2020	—	(6,406)
CAD	5,360,000	USD	3,713,532	BARC	4/30/2020	83,798	—
CLP	1,218,057,000	USD	1,436,426	MSI	4/30/2020	—	(8,051)
EUR	141,000	USD	156,140	GSI	4/30/2020	—	(640)
EUR	5,524,000	USD	5,943,134	MSI	4/30/2020	148,934	—
GBP	128,000	USD	159,201	JPM	4/30/2020	299	—
GBP	6,496,000	USD	7,671,938	MSI	4/30/2020	422,653	—
HUF	344,554,000	USD	1,046,537	CITI	4/30/2020	6,520	—
IDR	35,289,337,000	USD	2,078,901	BOA	4/30/2020	79,271	—
IDR	2,880,451,000	USD	175,263	GSI	4/30/2020	895	—

160

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
INR	59,228,000	USD	778,087	JPM	4/30/2020	$2,367	—
JPY	1,027,058,000	USD	9,257,954	GSI	4/30/2020	304,096	—
JPY	342,353,000	USD	3,104,116	MSI	4/30/2020	83,237	—
KRW	256,607,000	USD	209,766	GSI	4/29/2020	1,200	—
KRW	262,076,000	USD	209,114	JPM	4/29/2020	6,349	—
MXN	10,033,000	USD	419,874	CITI	4/30/2020	6,100	—
MXN	13,464,000	USD	545,764	MSI	4/30/2020	25,881	—
NOK	27,452,000	USD	2,317,935	BARC	4/30/2020	319,241	—
NOK	3,627,000	USD	315,350	MSI	4/30/2020	33,078	—
NZD	3,822,000	USD	2,222,837	MSI	4/30/2020	53,387	—
PHP	125,221,000	USD	2,400,709	CITI	4/30/2020	56,199	—
PLN	9,278,000	USD	2,165,041	CITI	4/30/2020	80,069	—
RUB	143,989,000	USD	1,775,312	BOA	4/30/2020	66,964	—
SEK	9,530,000	USD	912,835	JPM	4/30/2020	49,518	—
SGD	4,045,000	USD	2,799,112	BOA	4/30/2020	46,975	—
TRY	8,218,000	USD	1,235,975	CITI	4/30/2020	3,460	—
TRY	2,444,000	USD	366,075	GSI	4/30/2020	2,528	—
USD	366,630	AUD	640,000	GSI	4/30/2020	—	$(26,290)
USD	2,052,798	AUD	3,551,000	JPM	4/30/2020	—	(127,294)
USD	2,273,846	BRL	10,346,000	CITI	4/2/2020	279,206	—
USD	1,990,113	BRL	10,346,000	MSI	4/2/2020	—	(4,527)
USD	2,032,373	BRL	10,346,000	MSI	4/30/2020	41,681	—
USD	13,519,749	CAD	19,514,000	BARC	4/30/2020	—	(305,081)
USD	402,255	CAD	565,000	JPM	4/30/2020	1,976	—
USD	412,721	CAD	577,000	MSI	4/30/2020	3,941	—
USD	2,404,665	CHF	2,371,000	JPM	4/30/2020	—	(61,523)
USD	1,331,572	CNY	9,476,000	JPM	4/28/2020	—	(5,699)
USD	127,804	COP	524,608,000	CITI	4/30/2020	—	(1,467)
USD	331,640	COP	1,361,049,000	MSI	4/30/2020	—	(3,741)
USD	2,260,496	CZK	58,149,000	BOA	4/30/2020	—	(81,198)
USD	208,813	CZK	5,400,000	GSI	4/30/2020	—	(8,648)
USD	237,394	EUR	222,000	GSI	4/30/2020	—	(7,435)
USD	19,307,653	EUR	17,946,000	MSI	4/30/2020	—	(483,846)
USD	139,361	GBP	118,000	MSI	4/30/2020	—	(7,677)
USD	442,595	HUF	145,833,000	GSI	4/30/2020	—	(3,113)
USD	760,064	INR	59,228,000	MSI	4/30/2020	—	(20,390)
USD	7,515,790	JPY	833,786,000	GSI	4/30/2020	—	(246,871)
USD	1,337,203	JPY	147,739,000	JPM	4/30/2020	—	(38,267)
USD	2,519,984	JPY	277,929,000	MSI	4/30/2020	—	(67,573)
USD	2,787,247	KRW	3,489,912,000	BARC	4/29/2020	—	(81,944)
USD	7,982,830	KRW	9,932,825,000	JPM	4/29/2020	—	(183,327)
USD	3,608,837	MXN	89,030,000	MSI	4/30/2020	—	(171,134)
USD	690,062	NOK	7,319,000	BOA	4/30/2020	—	(13,038)
USD	5,724,009	NZD	9,842,000	MSI	4/30/2020	—	(137,486)
USD	1,301,747	RON	5,875,000	BARC	4/30/2020	—	(34,230)
USD	7,156,579	RUB	580,327,000	BOA	4/30/2020	—	(268,454)
USD	2,039,304	SGD	2,947,000	BOA	4/30/2020	—	(34,224)
USD	4,163,446	ZAR	72,598,000	BOA	4/30/2020	96,673	—
USD	611,212	ZAR	10,930,000	BARC	4/30/2020	—	(1,061)
						$2,693,105	$(2,481,807)

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
CITI	29,430,000	CNY	CNY CNREPOFIX Reuters	Fixed 2.390%	Quarterly	Quarterly	Jun 2025	—	$23,083	$23,083
GSI	6,840,000	ILS	ILS TELBOR Reuters	Fixed 1.309%	Annual	Quarterly	Jun 2030	—	65,908	65,908
								—	$88,991	$88,991
Centrally cleared	38,920,000	NOK	NOK NIBOR NIBR	Fixed 1.288%	Annual	Semi-Annual	Jun 2025	—	91,806	91,806
Centrally cleared	29,400,000	MXN	MXN TIIE Banxico	Fixed 6.440%	Monthly	Monthly	Jun 2030	—	(57,530)	(57,530)

161

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income 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	18,800,000	NOK	NOK NIBOR NIBR	Fixed 1.415%	Annual	Semi-Annual	Jun 2030	—	$64,794	$64,794
								—	$99,070	$99,070
								—	$188,061	$188,061

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
BARC	Government of Malaysia	340,000	USD	$340,000	1.000%	Quarterly	Jun 2025	$2,422	—	$2,422
BARC	Government of Russia	715,000	USD	715,000	1.000%	Quarterly	Jun 2025	32,912	—	32,912
BARC	People’s Republic of China	330,000	USD	330,000	1.000%	Quarterly	Jun 2025	(7,853)	—	(7,853)
BARC	Republic of Colombia	350,000	USD	350,000	1.000%	Quarterly	Jun 2025	16,165	$5,473	21,638
BARC	Republic of Indonesia	355,000	USD	355,000	1.000%	Quarterly	Jun 2025	16,939	1,677	18,616
BOA	Republic of South Africa	745,000	USD	745,000	1.000%	Quarterly	Dec 2024	75,078	20,105	95,183
BOA	Government of Mexico	720,000	USD	720,000	1.000%	Quarterly	Jun 2025	30,529	16,536	47,065
CITI	Government of Malaysia	4,860,000	USD	4,860,000	1.000%	Quarterly	Dec 2024	(92,035)	97,589	5,554
CITI	Republic of Indonesia	4,940,000	USD	4,940,000	1.000%	Quarterly	Dec 2024	(16,811)	221,172	204,361
CITI	Republic of South Africa	3,725,000	USD	3,725,000	1.000%	Quarterly	Dec 2024	380,307	95,608	475,915
CITI	Government of Malaysia	1,370,000	USD	1,370,000	1.000%	Quarterly	Jun 2025	12,677	(3,826)	8,851
CITI	Republic of Colombia	745,000	USD	745,000	1.000%	Quarterly	Jun 2025	43,125	2,932	46,057
GSI	People's Republic of China	3,880,000	USD	3,880,000	1.000%	Quarterly	Dec 2024	(111,523)	14,384	(97,139)
GSI	Republic of South Africa	745,000	USD	745,000	1.000%	Quarterly	Dec 2024	76,540	18,643	95,183
GSI	Republic of South Africa	2,295,000	USD	2,295,000	1.000%	Quarterly	Jun 2025	262,248	69,160	331,408
JPM	Government of Russia	4,920,000	USD	4,920,000	1.000%	Quarterly	Dec 2024	(62,185)	249,532	187,347
JPM	Republic of Korea	9,630,000	USD	9,630,000	1.000%	Quarterly	Dec 2024	(331,469)	35,514	(295,955)
MSI	Government of Japan	9,570,000	USD	9,570,000	1.000%	Quarterly	Dec 2024	(349,886)	61,379	(288,507)
MSI	Republic of Colombia	4,960,000	USD	4,960,000	1.000%	Quarterly	Dec 2024	(29,341)	279,217	249,876
MSI	Government of Mexico	350,000	USD	350,000	1.000%	Quarterly	Jun 2025	14,506	8,373	22,879
MSI	CMBX.NA.BBB-.7	2,030,000	USD	2,030,000	3.000%	Monthly	Jan 2047	45,351	337,176	382,527
MSI	CMBX.NA.BBB-.8	2,080,000	USD	2,080,000	3.000%	Monthly	Oct 2057	99,423	386,668	486,091
				$59,655,000				$107,119	$1,917,312	$2,024,431
Centrally cleared	CDX.NA.HY.33	3,322,200	USD	3,322,200	5.000%	Quarterly	Dec 2024	177,140	35,148	212,288
Centrally cleared	CDX.NA.IG.34	2,700,000	USD	2,700,000	1.000%	Quarterly	Jun 2025	6,024	12,099	18,123
Centrally cleared	iTraxx Europe Senior Financials Series 33 Version 1	15,165,000	EUR	16,259,316	1.000%	Quarterly	Jun 2025	172,641	(20,053)	152,588
Centrally cleared	iTraxx Europe Series 33 Version 1	8,635,000	EUR	9,411,229	1.000%	Quarterly	Jun 2025	(38,867)	21,814	(17,053)
Centrally cleared	iTraxx Europe Sub Financials Series 33 Version 1	3,420,000	EUR	3,666,410	1.000%	Quarterly	Jun 2025	296,392	(4,032)	292,360
				$35,359,155				$613,330	$44,976	$658,306
				$95,014,155				$720,449	$1,962,288	$2,682,737

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
Centrally cleared	CDX.NA.HY.33	6.485%	1,911,000	USD	$1,911,000	5.000%	Quarterly	Dec 2024	$(102,699)	$(19,414)	$(122,113)
Centrally cleared	CDX.NA.IG.33	1.065%	9,425,000	USD	9,425,000	1.000%	Quarterly	Dec 2024	(136,136)	102,375	(33,761)

162

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income 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	iTraxx Europe Crossover Series 32 Version 1	5.545%	6,480,000	EUR	$7,280,591	5.000%	Quarterly	Dec 2024	$631,333	$(783,139)	(151,806)
					$18,616,591				$392,498	$(700,178)	$(307,680)

Total return swaps
Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount/ contract amount	Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Pay	iBoxx $ Liquid Leveraged Loan Index	3-Month USD LIBOR	Quarterly	USD	2,000,000	Jun 2020	GSI	$(57)	$186,819	$186,762
Pay	iBoxx $ Liquid Leveraged Loan Index	1-Month USD LIBOR	Quarterly	USD	3,000,000	Jun 2020	MSI	(9,386)	(346,584)	(355,970)
								$(9,443)	$(159,765)	$(169,208)

* 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.

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
EUR	Euro
GBP	Pound Sterling
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ILS	Israeli New Shekel
INR	Indian Rupee
JPY	Japanese Yen
KRW	Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PHP	Philippine Peso
PLN	Polish Zloty
RON	Romanian New Leu
RUB	Russian Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
TRY	Turkish Lira
USD	U.S. Dollar
ZAR	South African Rand

163

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
CNREPOFIX	China Fixing Repo Rate
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, N.A.
LIBOR	London Interbank Offered Rate
MSI	Morgan Stanley & Co. International PLC
NIBOR	Norwegian Interbank Offered Rate
OTC	Over-the-counter
TELBOR	Tel Aviv Interbank Offered Rate
TIIE	Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)

Real Estate Securities Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.8%
Consumer discretionary – 0.7%
Hotels, restaurants and leisure – 0.7%
Hotels, resorts and cruise lines – 0.7%
Hyatt Hotels Corp., Class A (A)	36,689	$	1,757,403
Real estate – 98.1%
Equity real estate investment trusts – 98.1%
Diversified REITs – 2.5%
Essential Properties Realty Trust, Inc.	280,101		3,658,119
STORE Capital Corp.	165,351		2,996,160
			6,654,279
Health care REITs – 10.4%
Healthpeak Properties, Inc.	291,487		6,951,965
Medical Properties Trust, Inc.	400,244		6,920,219
Omega Healthcare Investors, Inc.	88,053		2,336,927
Ventas, Inc.	130,356		3,493,541
Welltower, Inc.	184,004		8,423,703
			28,126,355
Hotel and resort REITs – 1.1%
Ryman Hospitality Properties, Inc.	80,115		2,872,123
Industrial REITs – 13.9%
EastGroup Properties, Inc.	46,639		4,872,843
Prologis, Inc.	300,976		24,189,441
Rexford Industrial Realty, Inc.	205,159		8,413,571
			37,475,855
Office REITs – 11.3%
Alexandria Real Estate Equities, Inc.	80,092		10,977,410
Cousins Properties, Inc.	200,641		5,872,762
Highwoods Properties, Inc.	169,700		6,010,774
Kilroy Realty Corp.	122,513		7,804,078
			30,665,024
Residential REITs – 21.7%
American Homes 4 Rent, Class A	176,214		4,088,165
Apartment Investment & Management Company, A Shares	151,222		5,315,453
Equity LifeStyle Properties, Inc.	178,825		10,278,861
Equity Residential	175,267		10,815,727
Essex Property Trust, Inc.	24,878		5,479,131
Invitation Homes, Inc.	403,448		8,621,684
Mid-America Apartment Communities, Inc.	91,900		9,468,457
Sun Communities, Inc.	36,382		4,542,293
			58,609,771
Retail REITs – 8.4%
Agree Realty Corp.	97,353		6,026,151
Brixmor Property Group, Inc.	293,548		2,788,706

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Kimco Realty Corp.	379,564	$	3,670,384
Realty Income Corp.	206,208		10,281,531
			22,766,772
Specialized REITs – 28.8%
American Tower Corp.	32,852		7,153,523
Crown Castle International Corp.	31,227		4,509,179
Digital Realty Trust, Inc.	132,002		18,336,398
Equinix, Inc.	40,579		25,344,422
Extra Space Storage, Inc.	106,438		10,192,503
Gaming and Leisure Properties, Inc.	144,381		4,000,798
Life Storage, Inc.	86,893		8,215,733
			77,752,556
			264,922,735
TOTAL COMMON STOCKS (Cost $314,041,006)		$	266,680,138
SHORT-TERM INVESTMENTS – 1.7%
Short-term funds – 1.7%
John Hancock Collateral Trust, 1.1260% (B)(C)	127,803		1,277,714
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (B)	3,345,345		3,345,345
TOTAL SHORT-TERM INVESTMENTS (Cost $4,623,318)		$	4,623,059
Total Investments (Real Estate Securities Trust) (Cost $318,664,324) – 100.5%		$	271,303,197
Other assets and liabilities, net – (0.5%)			(1,366,038)
TOTAL NET ASSETS – 100.0%		$	269,937,159

Security Abbreviations and Legend
(A)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $1,252,299.
(B)	The rate shown is the annualized seven-day yield as of 3-31-20.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Science & Technology Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 95.3%
Communication services – 19.7%
Entertainment – 3.3%
Activision Blizzard, Inc.	55,450	$	3,298,166

 

164

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
Electronic Arts, Inc. (A)(B)	10,415	$	1,043,271
NetEase, Inc., ADR (B)	8,805		2,826,053
Netflix, Inc. (A)	19,230		7,220,865
Take-Two Interactive Software, Inc. (A)	44,275		5,251,458
Zynga, Inc., Class A (A)	359,120		2,459,972
			22,099,785
Interactive media and services – 16.2%
58.com, Inc., ADR (A)	316,406		15,415,300
Alphabet, Inc., Class C (A)	32,333		37,597,136
Facebook, Inc., Class A (A)	186,399		31,091,353
Mail.Ru Group, Ltd., GDR (A)	666,770		10,717,213
NAVER Corp.	91,844		12,769,476
Tencent Holdings, Ltd., ADR	38,900		1,909,601
			109,500,079
Media – 0.2%
News Corp., Class A	192,356		1,726,395
			133,326,259
Consumer discretionary – 17.8%
Automobiles – 0.2%
Tesla, Inc. (A)	3,125		1,637,500
Diversified consumer services – 0.3%
TAL Education Group, ADR (A)	33,995		1,810,574
Internet and direct marketing retail – 17.3%
Alibaba Group Holding, Ltd., ADR (A)	60,007		11,670,161
Amazon.com, Inc. (A)	20,650		40,261,718
Booking Holdings, Inc. (A)	12,423		16,712,910
GrubHub, Inc. (A)	2,380		96,937
JD.com, Inc., ADR (A)	62,570		2,534,085
Naspers, Ltd., N Shares	48,315		6,866,256
Prosus NV (A)	48,934		3,426,397
Tongcheng-Elong Holdings, Ltd. (A)	1,706,400		2,366,228
Trip.com Group, Ltd., ADR (A)	701,775		16,456,624
Zalando SE (A)(C)	442,826		16,690,137
			117,081,453
			120,529,527
Health care – 1.5%
Health care equipment and supplies – 1.0%
Intuitive Surgical, Inc. (A)	13,721		6,794,776
Health care technology – 0.5%
Veeva Systems, Inc., Class A (A)	22,995		3,595,728
			10,390,504
Industrials – 0.7%
Aerospace and defense – 0.7%
The Boeing Company	30,021		4,477,332
Electrical equipment – 0.0%
Bloom Energy Corp., Class A (A)(B)	68,435		357,915
			4,835,247
Information technology – 55.5%
Communications equipment – 0.1%
Telefonaktiebolaget LM Ericsson, ADR	83,120		672,441
Viavi Solutions, Inc. (A)	23,830		267,134
			939,575
Electronic equipment, instruments and components – 0.3%
Cognex Corp.	16,040		677,209
Flex, Ltd. (A)	68,165		570,882
IPG Photonics Corp. (A)	2,965		326,980
Samsung SDI Company, Ltd.	1,685		328,053
			1,903,124
IT services – 7.4%
Akamai Technologies, Inc. (A)	36,320		3,322,917

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
DXC Technology Company	34,005	$	443,765
EPAM Systems, Inc. (A)	9,340		1,734,064
Fidelity National Information Services, Inc.	31,248		3,801,007
Fiserv, Inc. (A)	48,147		4,573,484
Global Payments, Inc.	20,856		3,008,061
Mastercard, Inc., Class A	11,265		2,721,173
MongoDB, Inc. (A)(B)	54,535		7,446,209
Okta, Inc. (A)	95,245		11,644,654
PayPal Holdings, Inc. (A)	19,095		1,828,155
Shopify, Inc., Class A (A)	1,105		460,708
Square, Inc., Class A (A)	14,445		756,629
Twilio, Inc., Class A (A)(B)	41,805		3,741,129
Visa, Inc., Class A	10,190		1,641,813
Wix.com, Ltd. (A)	29,110		2,934,870
			50,058,638
Semiconductors and semiconductor equipment – 13.8%
Advanced Micro Devices, Inc. (A)	177,460		8,070,881
Applied Materials, Inc.	146,828		6,727,659
ASML Holding NV	8,225		2,151,989
Cree, Inc. (A)(B)	28,720		1,018,411
Intel Corp.	36,165		1,957,250
KLA Corp.	4,960		712,950
Lam Research Corp.	28,575		6,858,000
Marvell Technology Group, Ltd.	144,325		3,266,075
Maxim Integrated Products, Inc.	163,614		7,953,277
Micron Technology, Inc. (A)	465,100		19,562,106
NVIDIA Corp.	70,245		18,516,582
QUALCOMM, Inc.	165,709		11,210,214
STMicroelectronics NV (B)	110,410		2,359,462
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	55,365		2,645,893
Teradyne, Inc.	11,995		649,769
			93,660,518
Software – 26.0%
Alteryx, Inc., Class A (A)	81,060		7,714,480
Atlassian Corp. PLC, Class A (A)	86,880		11,925,149
Autodesk, Inc. (A)	8,475		1,322,948
Citrix Systems, Inc.	5,810		822,406
Coupa Software, Inc. (A)(B)	6,970		973,918
Crowdstrike Holdings, Inc., Class A (A)	172,235		9,590,045
Datadog, Inc., Class A (A)	550		19,789
DocuSign, Inc. (A)	11,930		1,102,332
Dynatrace, Inc. (A)	4,340		103,466
Fortinet, Inc. (A)	51,030		5,162,705
Intuit, Inc.	20,354		4,681,420
Microsoft Corp.	273,012		43,056,723
NortonLifeLock, Inc.	167,012		3,124,795
Palo Alto Networks, Inc. (A)	20,681		3,390,857
Paycom Software, Inc. (A)	69,180		13,975,052
Proofpoint, Inc. (A)	18,240		1,871,242
RingCentral, Inc., Class A (A)	74,370		15,759,747
salesforce.com, Inc. (A)	133,780		19,261,644
Slack Technologies, Inc., Class A (A)(B)	116,525		3,127,531
Smartsheet, Inc., Class A (A)	15,710		652,122
Splunk, Inc. (A)	32,065		4,047,565
Synopsys, Inc. (A)	30,844		3,972,399
VMware, Inc., Class A (A)(B)	14,637		1,772,541
Workday, Inc., Class A (A)	67,088		8,736,199
Zendesk, Inc. (A)	13,245		847,812
Zscaler, Inc. (A)(B)	140,392		8,544,257
			175,559,144
Technology hardware, storage and peripherals – 7.9%
Apple, Inc.	64,005		16,275,831

 

165

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
NetApp, Inc.		35,720	$	1,489,167
Pure Storage, Inc., Class A (A)		1,095,943		13,480,099
Samsung Electronics Company, Ltd.		562,408		21,867,259
				53,112,356
				375,233,355
Real estate – 0.1%
Equity real estate investment trusts – 0.1%
Equinix, Inc.		1,200		749,484
TOTAL COMMON STOCKS (Cost $645,424,436)			$	645,064,376
PREFERRED SECURITIES – 0.2%
Communication services – 0.1%
Media – 0.1%
Airbnb, Inc., Series E (A)(D)(E)		8,624		793,149
Industrials – 0.1%
Road and rail – 0.1%
DiDi Chuxing, Inc. (A)(D)(E)		9,513		387,607
TOTAL PREFERRED SECURITIES (Cost $1,063,751)			$	1,180,756
SHORT-TERM INVESTMENTS – 6.7%
Short-term funds – 4.8%
John Hancock Collateral Trust, 1.1260% (F)(G)		1,905,165		19,046,887
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (F)		500,000		500,000
T. Rowe Price Government Reserve Fund, 0.9288% (F)		12,752,160		12,752,160
				32,299,047
Repurchase agreement – 1.9%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $12,916,000 on 4-1-20, collateralized by $12,575,000 U.S. Treasury Notes, 2.125% due 5-15-22 (valued at $13,179,090)	$	12,916,000		12,916,000
TOTAL SHORT-TERM INVESTMENTS (Cost $45,222,144)			$	45,215,047
Total Investments (Science & Technology Trust) (Cost $691,710,331) – 102.2%			$	691,460,179
Other assets and liabilities, net – (2.2%)				(15,083,210)
TOTAL NET ASSETS – 100.0%			$	676,376,969

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 3-31-20. The value of securities on loan amounted to $18,638,750.
(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)	Restricted security as to resale, excluding 144A securities. 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 3-31-20.
(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 – 41.8%
U.S. Government – 12.0%
U.S. Treasury Bonds
2.375%, 11/15/2049 (A)	$	92,811,000	$	115,839,729
2.750%, 11/15/2042		177,310,000		229,048,505
3.000%, 02/15/2047		119,700,000		165,461,871
3.125%, 11/15/2041		108,160,000		147,701,775
U.S. Treasury Inflation Protected Securities 0.250%, 07/15/2029		41,318,780		42,944,460
U.S. Treasury Notes
0.375%, 03/31/2022		17,495,000		17,546,938
0.500%, 03/31/2025		98,986,000		99,612,395
1.500%, 02/15/2030		15,085,000		16,262,337
				834,418,010
U.S. Government Agency – 29.8%
Federal Home Loan Mortgage Corp.
3.000%, 03/01/2043 to 02/01/2050		276,481,400		291,115,999
3.500%, 04/01/2044 to 12/01/2049		198,508,193		212,183,275
4.000%, 11/01/2043 to 12/01/2048		69,270,441		74,751,775
Federal National Mortgage Association
2.625%, 09/06/2024		8,300,000		9,053,906
3.000%, TBA (B)		40,000,000		41,986,872
3.000%, 09/01/2032 to 11/01/2049		465,616,921		490,487,517
3.500%, 05/01/2029 to 03/01/2050		484,306,700		516,397,217
4.000%, 09/01/2040 to 10/01/2048		296,077,196		323,078,782
4.500%, 12/01/2040 to 07/01/2048		92,360,562		101,006,750
Government National Mortgage Association 4.000%, 10/15/2039 to 11/15/2041		5,860,022		6,383,745
				2,066,445,838
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $2,695,037,905)			$	2,900,863,848
FOREIGN GOVERNMENT OBLIGATIONS – 0.5%
Qatar – 0.3%
State of Qatar
3.375%, 03/14/2024 (C)		11,857,000		12,064,498
5.103%, 04/23/2048 (C)		8,410,000		10,198,471
				22,262,969
Saudi Arabia – 0.2%
Kingdom of Saudi Arabia 4.375%, 04/16/2029 (C)		12,280,000		13,188,352
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $32,434,121)			$	35,451,321
CORPORATE BONDS – 37.8%
Communication services – 3.4%
Activision Blizzard, Inc. 3.400%, 09/15/2026		5,073,000		5,349,627
AT&T, Inc.
3.400%, 05/15/2025		12,955,000		13,399,379
3.800%, 02/15/2027		9,390,000		9,756,212
CC Holdings GS V LLC 3.849%, 04/15/2023		8,542,000		8,579,489
Charter Communications Operating LLC
4.200%, 03/15/2028		15,151,000		15,551,936
4.800%, 03/01/2050		15,035,000		15,665,402
5.750%, 04/01/2048		14,120,000		16,029,478
6.484%, 10/23/2045		12,093,000		14,784,975
Comcast Corp.
3.000%, 02/01/2024		12,675,000		13,308,603
3.100%, 04/01/2025		6,788,000		7,177,209
4.049%, 11/01/2052		11,306,000		13,474,775
4.150%, 10/15/2028		24,349,000		27,719,881

 

166

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Level 3 Financing, Inc. 3.400%, 03/01/2027 (C)	$	9,956,000	$	9,476,619
The Walt Disney Company 3.350%, 03/24/2025		16,214,000		17,680,373
Verizon Communications, Inc.
3.000%, 03/22/2027 (A)		2,177,000		2,290,928
4.000%, 03/22/2050		2,170,000		2,575,370
4.400%, 11/01/2034		7,105,000		8,318,148
4.862%, 08/21/2046		15,989,000		20,848,182
ViacomCBS, Inc. 4.750%, 05/15/2025		15,557,000		15,500,778
				237,487,364
Consumer discretionary – 3.6%
Amazon.com, Inc.
3.150%, 08/22/2027		16,225,000		17,771,019
4.050%, 08/22/2047		8,281,000		10,570,931
Choice Hotels International, Inc. 3.700%, 12/01/2029		11,867,000		9,493,600
Daimler Finance North America LLC
2.700%, 06/14/2024 (C)		6,580,000		6,354,724
3.500%, 08/03/2025 (C)		5,990,000		5,810,466
Dollar Tree, Inc. 4.200%, 05/15/2028		18,470,000		18,444,258
Expedia Group, Inc.
3.250%, 02/15/2030		9,545,000		7,780,779
3.800%, 02/15/2028		15,965,000		13,812,540
5.000%, 02/15/2026		14,665,000		13,250,697
Ford Motor Credit Company LLC
4.134%, 08/04/2025		23,065,000		20,458,655
5.113%, 05/03/2029		15,357,000		13,091,843
5.875%, 08/02/2021		11,594,000		11,362,120
General Motors Financial Company, Inc.
4.000%, 01/15/2025		21,663,000		19,252,844
4.300%, 07/13/2025		7,929,000		7,282,131
Nissan Motor Acceptance Corp. 3.450%, 03/15/2023 (C)		6,650,000		6,496,444
Prosus NV
4.850%, 07/06/2027 (C)		3,610,000		3,445,502
5.500%, 07/21/2025 (C)		8,425,000		8,254,975
QVC, Inc.
4.375%, 03/15/2023		6,305,000		5,962,308
5.125%, 07/02/2022		4,524,000		3,794,928
5.450%, 08/15/2034		3,840,000		2,814,134
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (C)		8,800,000		7,781,839
Starbucks Corp. 2.250%, 03/12/2030		11,159,000		10,412,347
Target Corp. 2.250%, 04/15/2025		5,247,000		5,326,947
The TJX Companies, Inc.
3.500%, 04/15/2025		8,691,000		8,889,261
3.875%, 04/15/2030		10,644,000		11,013,863
				248,929,155
Consumer staples – 0.6%
Alimentation Couche-Tard, Inc. 2.700%, 07/26/2022 (C)		7,214,000		7,129,598
Anheuser-Busch InBev Worldwide, Inc. 4.600%, 04/15/2048		10,094,000		10,692,842
Coca-Cola Femsa SAB de CV 2.750%, 01/22/2030		8,429,000		8,244,595
Kraft Heinz Foods Company 4.875%, 02/15/2025 (C)		8,105,000		8,123,224

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
The Coca-Cola Company 4.200%, 03/25/2050	$	7,419,000	$	9,720,360
				43,910,619
Energy – 2.8%
Aker BP ASA 3.000%, 01/15/2025 (C)		6,211,000		4,931,113
Cimarex Energy Company 4.375%, 06/01/2024		6,403,000		5,046,605
Colorado Interstate Gas Company LLC 4.150%, 08/15/2026 (C)		5,555,000		5,404,092
Enable Midstream Partners LP
3.900%, 05/15/2024		9,579,000		5,315,724
4.150%, 09/15/2029		12,155,000		5,592,729
4.950%, 05/15/2028		7,661,000		3,821,888
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) 03/01/2078		9,984,000		7,488,000
Energy Transfer Operating LP
4.200%, 04/15/2027		4,472,000		3,622,118
4.250%, 03/15/2023		10,387,000		9,302,802
5.150%, 03/15/2045		9,380,000		7,259,908
5.875%, 01/15/2024		8,500,000		8,027,270
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) 08/16/2077		16,640,000		11,398,400
Husky Energy, Inc. 3.950%, 04/15/2022		4,500,000		4,074,609
Kinder Morgan Energy Partners LP 7.750%, 03/15/2032		7,325,000		8,737,305
MPLX LP
4.000%, 03/15/2028		9,383,000		8,338,933
4.250%, 12/01/2027 (C)		5,555,000		4,805,731
5.250%, 01/15/2025 (C)		5,370,000		4,726,703
ONEOK Partners LP 4.900%, 03/15/2025		4,043,000		3,535,167
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		6,870,000		5,900,031
5.000%, 03/15/2027		8,336,000		7,088,552
5.875%, 06/30/2026		12,829,000		12,218,961
Saudi Arabian Oil Company 2.875%, 04/16/2024 (C)		15,637,000		15,190,114
Sunoco Logistics Partners Operations LP
3.900%, 07/15/2026		10,801,000		9,099,484
5.400%, 10/01/2047		8,136,000		6,459,835
The Williams Companies, Inc.
3.750%, 06/15/2027		6,455,000		5,918,034
4.550%, 06/24/2024		14,035,000		12,789,325
TransCanada PipeLines, Ltd. 4.250%, 05/15/2028		6,220,000		6,353,739
				192,447,172
Financials – 10.8%
Ameriprise Financial, Inc. 3.000%, 04/02/2025		8,658,000		8,621,377
Ares Capital Corp. 4.200%, 06/10/2024		8,855,000		7,850,686
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) 06/15/2026 (A)(C)(D)		5,540,000		5,443,050
AXA SA 8.600%, 12/15/2030		4,814,000		6,403,101
Banco Santander SA 4.379%, 04/12/2028		7,600,000		7,783,897
Bank of America Corp.
3.950%, 04/21/2025		9,372,000		9,855,659
4.200%, 08/26/2024		6,250,000		6,643,227

 

167

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Bank of America Corp. (continued)
4.450%, 03/03/2026	$	14,191,000	$	15,347,105
Bank of America Corp. (3.864% to 7-23-23, then 3 month LIBOR + 0.940%) 07/23/2024		15,600,000		16,366,649
Bank of Montreal 3.300%, 02/05/2024 (A)		23,365,000		24,398,143
Barclays Bank PLC 10.179%, 06/12/2021 (C)		3,675,000		3,905,819
Barclays PLC 4.375%, 01/12/2026		7,380,000		7,419,238
BPCE SA
4.500%, 03/15/2025 (C)		10,505,000		10,426,051
5.700%, 10/22/2023 (C)		9,475,000		9,728,079
Brighthouse Financial, Inc. 3.700%, 06/22/2027 (A)		16,086,000		13,958,103
Cantor Fitzgerald LP 4.875%, 05/01/2024 (C)		12,051,000		12,019,607
Capital One Financial Corp. 3.900%, 01/29/2024		11,800,000		11,833,235
Citigroup, Inc.
3.200%, 10/21/2026		14,892,000		15,424,156
4.600%, 03/09/2026		14,174,000		15,238,367
5.500%, 09/13/2025		5,625,000		6,250,096
CNO Financial Group, Inc. 5.250%, 05/30/2029		8,285,000		8,046,702
Credit Agricole SA 3.250%, 01/14/2030 (C)		14,312,000		13,593,566
Danske Bank A/S 5.000%, 01/12/2022 (C)		6,007,000		6,150,378
Discover Bank 2.450%, 09/12/2024		9,842,000		9,429,294
Discover Financial Services
3.950%, 11/06/2024		12,399,000		12,618,110
4.100%, 02/09/2027		4,203,000		4,043,040
GE Capital International Funding Company Unlimited Company 4.418%, 11/15/2035		15,181,000		16,401,104
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) 05/18/2024		13,550,000		13,883,481
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year ICE Swap Rate + 5.514%) 06/01/2021 (D)		6,220,000		6,111,150
ING Bank NV 5.800%, 09/25/2023 (C)		1,107,000		1,200,523
ING Groep NV 3.550%, 04/09/2024		5,555,000		5,582,629
Jefferies Financial Group, Inc. 5.500%, 10/18/2023		8,015,000		8,088,227
Jefferies Group LLC
4.150%, 01/23/2030		7,245,000		6,936,242
4.850%, 01/15/2027		10,323,000		10,226,935
JPMorgan Chase & Co. 2.950%, 10/01/2026		13,224,000		13,665,750
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) 01/29/2027		12,901,000		13,933,233
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) 02/01/2025 (D)		11,555,000		10,112,936
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) 02/01/2024 (D)		14,980,000		15,654,100

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Lazard Group LLC 4.375%, 03/11/2029	$	7,100,000	$	7,183,851
Lincoln National Corp. 4.000%, 09/01/2023		4,000,000		4,000,710
Lloyds Banking Group PLC 4.450%, 05/08/2025		16,755,000		17,945,287
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) 11/01/2026 (D)		7,340,000		7,046,400
Macquarie Bank, Ltd. 4.875%, 06/10/2025 (C)		7,810,000		8,215,568
Manufacturers & Traders Trust Company (3 month LIBOR + 0.640%) 2.220%, 12/01/2021 (E)		3,610,000		3,507,109
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) 6.400%, 12/15/2036		7,277,000		7,594,306
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) 9.250%, 04/08/2038 (C)		2,567,000		3,208,750
Morgan Stanley 3.875%, 01/27/2026		8,269,000		8,923,927
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) 04/26/2023 (C)		5,604,000		5,571,198
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year ICE Swap Rate + 3.650%) 10/16/2044 (C)		8,555,000		8,897,200
Ohio National Financial Services, Inc. 5.550%, 01/24/2030 (C)		6,460,000		6,500,511
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) 09/15/2042		18,588,000		18,030,360
Raymond James Financial, Inc. 4.650%, 04/01/2030		3,232,000		3,380,222
Royal Bank of Canada 2.250%, 11/01/2024 (A)		13,200,000		13,332,413
Santander Holdings USA, Inc.
3.244%, 10/05/2026		14,811,000		13,224,509
3.400%, 01/18/2023		9,125,000		9,014,713
3.500%, 06/07/2024		16,690,000		16,292,603
4.400%, 07/13/2027		4,673,000		4,596,348
Santander UK Group Holdings PLC 4.750%, 09/15/2025 (C)		6,030,000		5,925,936
Stifel Financial Corp. 4.250%, 07/18/2024		7,344,000		7,471,620
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (C)		8,083,000		7,769,912
The Goldman Sachs Group, Inc. 3.850%, 01/26/2027		18,038,000		18,560,883
The PNC Financial Services Group, Inc.
2.200%, 11/01/2024		14,420,000		14,937,711
3.150%, 05/19/2027		3,997,000		4,187,161
3.500%, 01/23/2024		8,302,000		8,610,841
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) 06/01/2023 (D)		7,182,000		6,104,700
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) 08/01/2021 (D)		11,183,000		10,561,002
The Royal Bank of Scotland Group PLC 3.875%, 09/12/2023		8,246,000		8,329,590

 

168

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Royal Bank of Scotland Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) 11/01/2029	$	4,512,000	$	4,173,062
The Toronto-Dominion Bank
2.650%, 06/12/2024		15,490,000		15,812,370
3.250%, 03/11/2024		10,361,000		10,828,097
Truist Financial Corp. 4.000%, 05/01/2025		12,087,000		12,732,527
Wells Fargo & Company 3.550%, 09/29/2025		17,333,000		18,281,263
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) 06/15/2025 (D)		23,435,000		23,786,525
Zions Bancorp NA 3.250%, 10/29/2029		18,340,000		15,559,365
				750,691,595
Health care – 3.0%
AbbVie, Inc.
3.200%, 11/21/2029 (C)		16,282,000		16,610,467
4.250%, 11/21/2049 (C)		6,159,000		6,643,523
AmerisourceBergen Corp. 3.450%, 12/15/2027		12,400,000		12,455,635
Baxter International, Inc. 3.950%, 04/01/2030 (C)		1,514,000		1,637,066
Bristol-Myers Squibb Company
2.900%, 07/26/2024 (C)		16,673,000		17,669,788
3.250%, 02/20/2023 (C)		8,204,000		8,612,910
Cottage Health Obligated Group 3.304%, 11/01/2049 (A)		7,391,000		7,536,020
CVS Health Corp.
3.000%, 08/15/2026		2,550,000		2,540,089
3.750%, 04/01/2030		7,985,000		8,261,991
4.300%, 03/25/2028		11,078,000		11,764,877
5.050%, 03/25/2048		11,164,000		12,677,904
Fresenius Medical Care US Finance III, Inc. 3.750%, 06/15/2029 (C)		16,265,000		16,473,442
GlaxoSmithKline Capital PLC 3.000%, 06/01/2024		13,634,000		14,216,921
HCA, Inc. 4.125%, 06/15/2029		13,112,000		13,205,692
Partners Healthcare System, Inc. 3.192%, 07/01/2049		14,047,000		14,005,878
Pfizer, Inc. 2.950%, 03/15/2024		11,389,000		11,809,574
Premier Health Partners 2.911%, 11/15/2026		7,827,000		7,683,564
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/2026		12,537,000		12,821,918
Stanford Health Care 3.310%, 08/15/2030		3,557,000		3,767,811
Universal Health Services, Inc.
4.750%, 08/01/2022 (C)		5,605,000		5,573,500
5.000%, 06/01/2026 (C)		6,964,000		6,946,590
				212,915,160
Industrials – 4.7%
3M Company 3.250%, 02/14/2024		8,374,000		8,864,441
AerCap Ireland Capital DAC 2.875%, 08/14/2024		9,076,000		7,317,433
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 05/15/2025 (C)		3,105,178		2,977,740

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 01/15/2026 (C)	$	4,828,968	$	4,486,788
Air Lease Corp. 3.625%, 12/01/2027		4,932,000		4,108,996
America West Airlines 2000-1 Pass Through Trust 8.057%, 07/02/2020		949,169		949,377
American Airlines 2013-1 Class A Pass Through Trust 4.000%, 07/15/2025		4,214,283		4,018,337
American Airlines 2013-2 Class A Pass Through Trust 4.950%, 01/15/2023		8,724,815		7,590,324
American Airlines 2015-1 Class A Pass Through Trust 3.375%, 05/01/2027		10,040,788		8,496,759
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028		8,681,859		8,340,663
American Airlines 2016-1 Class AA Pass Through Trust 3.575%, 01/15/2028		7,602,217		7,365,717
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		5,758,638		5,183,226
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		6,619,663		6,136,790
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		5,251,034		4,794,787
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032		5,188,860		4,332,698
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032		7,773,443		6,847,025
Ashtead Capital, Inc.
4.250%, 11/01/2029 (C)		4,031,000		3,414,479
5.250%, 08/01/2026 (C)		9,165,000		8,729,663
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (C)		3,795,985		3,766,237
British Airways 2013-1 Class B Pass Through Trust 5.625%, 06/20/2020 (C)		408,691		407,332
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (C)		1,800,380		1,570,338
Canadian Pacific Railway Company 2.050%, 03/05/2030		7,562,000		7,021,725
Carrier Global Corp.
2.242%, 02/15/2025 (C)		12,029,000		11,747,171
2.722%, 02/15/2030 (A)(C)		9,623,000		8,854,049
CH Robinson Worldwide, Inc. 4.200%, 04/15/2028		7,980,000		8,457,687
Continental Airlines 2007-1 Class A Pass Through Trust 5.983%, 04/19/2022		2,666,503		2,650,129
Delta Air Lines 2002-1 Class G-1 Pass Through Trust 6.718%, 01/02/2023		1,312,974		1,309,020
Delta Air Lines, Inc.
2.900%, 10/28/2024		15,545,000		12,442,035

 

169

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Delta Air Lines, Inc. (continued)
3.800%, 04/19/2023	$	6,835,000	$	6,423,228
4.375%, 04/19/2028		8,785,000		7,051,149
General Electric Company 5.550%, 01/05/2026		13,902,000		15,019,166
Huntington Ingalls Industries, Inc.
3.844%, 05/01/2025 (C)		2,145,000		2,208,593
4.200%, 05/01/2030 (C)		5,386,000		5,576,268
5.000%, 11/15/2025 (C)		6,231,000		6,427,471
IHS Markit, Ltd.
4.000%, 03/01/2026 (C)		8,327,000		8,273,707
4.750%, 02/15/2025 (C)		4,400,000		4,624,620
4.750%, 08/01/2028		6,540,000		6,844,502
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032		7,877,000		6,888,699
Otis Worldwide Corp. 2.056%, 04/05/2025 (C)		9,425,000		9,213,114
Owens Corning 3.950%, 08/15/2029		8,341,000		7,882,241
The Boeing Company 3.200%, 03/01/2029		28,311,000		26,145,288
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 09/03/2026		9,882,106		9,588,957
United Airlines 2014-2 Class B Pass Through Trust 4.625%, 09/03/2022		2,664,481		2,455,242
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028		9,093,218		8,359,453
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		10,503,819		8,296,815
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		3,238,078		2,825,304
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031 (A)		7,195,732		7,210,408
United Parcel Service, Inc. 3.900%, 04/01/2025		7,566,000		8,198,422
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		2,168,243		2,179,500
US Airways 2012-1 Class A Pass Through Trust 5.900%, 10/01/2024		3,665,157		3,643,862
				327,516,975
Information technology – 4.9%
Autodesk, Inc. 2.850%, 01/15/2030		4,681,000		4,584,707
Broadcom Corp.
3.125%, 01/15/2025		7,165,000		6,869,058
3.875%, 01/15/2027		24,892,000		23,728,707
Broadcom, Inc. 4.750%, 04/15/2029 (C)		12,650,000		12,848,454
Citrix Systems, Inc. 3.300%, 03/01/2030		11,727,000		10,909,124
Dell International LLC
4.900%, 10/01/2026 (C)		10,965,000		10,922,402
5.300%, 10/01/2029 (C)		14,027,000		13,643,801
8.350%, 07/15/2046 (C)		13,299,000		15,626,647
Hewlett Packard Enterprise Company 4.900%, 10/15/2025		9,504,000		9,997,070

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Jabil, Inc. 3.600%, 01/15/2030	$	13,765,000	$	12,242,974
KLA Corp. 4.100%, 03/15/2029		7,998,000		8,715,481
Lam Research Corp.
4.000%, 03/15/2029		14,493,000		16,456,735
4.875%, 03/15/2049		8,624,000		11,193,273
Marvell Technology Group, Ltd. 4.875%, 06/22/2028		13,240,000		13,717,468
Microchip Technology, Inc. 4.333%, 06/01/2023		18,809,000		18,750,062
Micron Technology, Inc.
4.185%, 02/15/2027		20,585,000		20,832,353
4.975%, 02/06/2026		5,300,000		5,555,902
5.327%, 02/06/2029		16,374,000		17,948,356
Microsoft Corp. 4.450%, 11/03/2045		7,583,000		9,970,512
Motorola Solutions, Inc. 4.600%, 02/23/2028		15,076,000		15,377,531
NVIDIA Corp. 2.850%, 04/01/2030		8,458,000		8,790,738
NXP BV
3.875%, 06/18/2026 (C)		5,422,000		5,273,517
4.875%, 03/01/2024 (C)		8,705,000		9,294,158
Oracle Corp. 2.950%, 04/01/2030		22,589,000		22,724,583
PayPal Holdings, Inc. 2.850%, 10/01/2029		15,085,000		14,972,638
Seagate HDD Cayman 4.750%, 01/01/2025 (A)		11,170,000		11,109,062
Tech Data Corp. 3.700%, 02/15/2022		2,409,000		2,384,576
Visa, Inc. 2.700%, 04/15/2040		4,341,000		4,309,050
				338,748,939
Materials – 0.9%
Albemarle Wodgina Pty, Ltd. 3.450%, 11/15/2029 (C)		7,500,000		7,360,364
Anglo American Capital PLC 4.750%, 04/10/2027 (C)		9,195,000		8,983,554
Ecolab, Inc. 4.800%, 03/24/2030		7,250,000		8,253,618
Inversiones CMPC SA 3.850%, 01/13/2030 (C)		3,668,000		3,301,200
Newmont Corp. 2.800%, 10/01/2029		5,113,000		4,871,702
Orbia Advance Corp. SAB de CV 5.500%, 01/15/2048 (C)		6,320,000		5,479,503
Syngenta Finance NV
4.441%, 04/24/2023 (C)		10,880,000		10,248,618
5.676%, 04/24/2048 (C)		5,180,000		4,163,581
The Sherwin-Williams Company 2.300%, 05/15/2030		11,434,000		10,741,713
				63,403,853
Real estate – 1.6%
American Homes 4 Rent LP 4.250%, 02/15/2028		10,505,000		10,419,527
American Tower Corp.
2.400%, 03/15/2025		7,146,000		7,041,250
2.950%, 01/15/2025		7,845,000		7,835,703
3.550%, 07/15/2027		15,555,000		15,589,047
3.800%, 08/15/2029		6,600,000		6,737,033
Crown Castle International Corp.
3.300%, 07/01/2030		2,390,000		2,370,378
4.150%, 07/01/2050		2,123,000		2,099,647

 

170

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
CyrusOne LP 3.450%, 11/15/2029	$	8,590,000	$	7,582,479
Equinix, Inc. 3.200%, 11/18/2029		12,725,000		11,783,477
GLP Capital LP
3.350%, 09/01/2024		4,360,000		3,858,600
5.375%, 04/15/2026		9,005,000		7,982,032
SBA Tower Trust
2.836%, 01/15/2025 (C)		7,899,000		7,629,643
3.722%, 04/11/2023 (C)		10,335,000		10,342,791
Ventas Realty LP 3.500%, 02/01/2025		8,315,000		8,167,679
				109,439,286
Utilities – 1.5%
ABY Transmision Sur SA 6.875%, 04/30/2043 (C)		2,612,327		3,353,600
Dominion Energy, Inc. 3.375%, 04/01/2030		6,413,000		6,348,549
Emera US Finance LP 3.550%, 06/15/2026		6,192,000		5,905,694
Engie Energia Chile SA 3.400%, 01/28/2030 (C)		12,850,000		10,986,750
FirstEnergy Corp. 2.650%, 03/01/2030		5,771,000		5,439,376
NextEra Energy Capital Holdings, Inc. 3.550%, 05/01/2027		16,740,000		17,278,628
NRG Energy, Inc. 3.750%, 06/15/2024 (C)		6,545,000		6,478,666
Oncor Electric Delivery Company LLC 2.750%, 06/01/2024		13,875,000		13,399,094
Vistra Operations Company LLC
3.550%, 07/15/2024 (C)		12,479,000		11,730,029
3.700%, 01/30/2027 (C)		12,728,000		11,339,607
4.300%, 07/15/2029 (C)		12,250,000		10,872,085
				103,132,078
TOTAL CORPORATE BONDS (Cost $2,700,655,699)			$	2,628,622,196
MUNICIPAL BONDS – 0.8%
Foothill-Eastern Transportation Corridor Agency (California) 4.094%, 01/15/2049		7,076,000		7,165,653
Mississippi Hospital Equipment & Facilities Authority 3.720%, 09/01/2026		7,677,000		8,136,468
New Jersey Transportation Trust Fund Authority
4.081%, 06/15/2039		9,117,000		8,835,558
4.131%, 06/15/2042		790,000		764,910
Ohio Air Quality Development Authority 2.100%, 10/01/2028		18,315,000		17,641,741
Ohio Turnpike & Infrastructure Commission 3.216%, 02/15/2048		6,950,000		6,986,349
Regents of the University of California 3.006%, 05/15/2050		8,755,000		7,960,571
TOTAL MUNICIPAL BONDS (Cost $58,433,876)			$	57,491,250
COLLATERALIZED MORTGAGE OBLIGATIONS – 10.0%
Commercial and residential – 5.9%
Arroyo Mortgage Trust Series 2019-3, Class A1 2.962%, 10/25/2048 (C)(F)		6,777,310		6,353,035

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BAMLL Commercial Mortgage Securities Trust
Series 2015-200P, Class A, 3.218%, 04/14/2033 (C)	$	5,706,000	$	5,864,381
Series 2015-200P, Class C, 3.596%, 04/14/2033 (C)(F)		6,760,000		6,930,034
Series 2019-BPR, Class DNM, 3.843%, 11/05/2032 (C)(F)		5,605,000		4,883,446
BBCMS Trust Series 2020-C6, Class A2 2.690%, 02/15/2053		4,700,000		4,830,864
Benchmark Mortgage Trust
Series 2018-B1, Class A2, 3.571%, 01/15/2051		12,340,000		12,743,897
Series 2018-B7, Class A2, 4.377%, 05/15/2053		11,785,000		12,579,202
Series 2019-B12, Class A2, 3.001%, 08/15/2052		11,185,000		11,500,913
Series 2019-B14, Class A2, 2.915%, 12/15/2062		9,761,000		10,014,150
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 2.666%, 07/25/2059 (C)(F)		5,035,377		4,942,648
Bunker Hill Loan Depositary Trust Series 2019-2, Class A1 2.879%, 07/25/2049 (C)		14,990,444		13,721,170
BX Commercial Mortgage Trust Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) 2.026%, 03/15/2037 (C)(E)		2,722,000		2,285,980
Cantor Commercial Real Estate Lending Series 2019-CF1, Class A2 3.623%, 05/15/2052		10,780,000		11,340,524
Citigroup Commercial Mortgage Trust
Series 2015-GC29, Class A3, 2.935%, 04/10/2048		7,495,000		7,543,963
Series 2015-GC29, Class A4, 3.192%, 04/10/2048		14,450,000		14,701,525
Series 2015-GC33, Class A4, 3.778%, 09/10/2058		10,860,000		11,468,020
Series 2019-PRM, Class A, 3.341%, 05/10/2036 (C)		10,020,000		9,431,073
Series 2019-SMRT, Class A, 4.149%, 01/10/2036 (C)		9,645,000		9,812,515
Series 2020-GC46, Class A2, 2.708%, 02/15/2053		15,370,000		15,647,407
COLT Mortgage Loan Trust Series 2020-1, Class A1 2.488%, 02/25/2050 (C)(F)		5,107,474		4,940,003
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR20, Class A3, 3.326%, 11/10/2047		18,450,000		19,195,758
Series 2016-CR28, Class A3, 3.495%, 02/10/2049		4,415,000		4,566,293
Series 2016-CR28, Class A4, 3.762%, 02/10/2049		7,720,000		8,087,122
Commercial Mortgage Trust (Deutsche Bank AG) Series 2020-CBM, Class A2 2.896%, 02/10/2037 (C)		2,831,000		2,503,193

 

171

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
CSMC Trust
Series 2019-AFC1, Class A1, 2.573%, 07/25/2049 (C)	$	11,506,067	$	11,005,352
Series 2020-AFC1, Class A1, 2.240%, 02/25/2050 (C)(F)		6,977,160		6,160,452
GCAT Trust Series 2020-NQM1, Class A1 2.247%, 01/25/2060 (C)		11,304,396		10,758,698
GS Mortgage Securities Trust
Series 2013-GC12, Class A3, 2.860%, 06/10/2046		11,420,000		11,341,050
Series 2015-GC30, Class A3, 3.119%, 05/10/2050		7,880,000		7,993,943
Series 2015-GC34, Class A3, 3.244%, 10/10/2048		13,195,000		13,729,586
Series 2019-GC40, Class A2, 2.971%, 07/10/2052		10,505,000		10,762,544
Series 2020-UPTN, Class A, 2.751%, 02/10/2037 (C)		5,820,000		5,574,923
Irvine Core Office Trust Series 2013-IRV, Class A2 3.173%, 05/15/2048 (C)(F)		7,750,000		7,760,963
JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class A3 3.801%, 08/15/2048		11,285,000		12,046,366
JPMCC Commercial Mortgage Securities Trust Series 2019-COR5, Class A2 3.150%, 06/13/2052		19,510,000		20,118,349
JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-JP1, Class A5 3.914%, 01/15/2049		11,020,000		11,902,030
KNDL Mortgage Trust Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) 1.755%, 05/15/2036 (C)(E)		8,830,000		7,502,516
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C25, Class A5 3.635%, 10/15/2048		12,945,000		13,453,802
Morgan Stanley Capital I Trust Series 2017-CLS, Class D (1 month LIBOR + 1.400%) 2.105%, 11/15/2034 (C)(E)		5,105,000		4,691,603
New Residential Mortgage Loan Trust Series 2020-1A, Class A1B 3.500%, 10/25/2059 (C)(F)		7,813,780		7,838,342
Starwood Mortgage Residential Trust Series 2020-1, Class A1 2.275%, 02/25/2050 (C)(F)		5,667,683		5,436,572
Wells Fargo Commercial Mortgage Trust
Series 2016-C33, Class A3, 3.162%, 03/15/2059		10,130,000		10,307,472
Series 2019-C51, Class A2, 3.039%, 06/15/2052		13,310,000		13,744,824
				408,016,503
U.S. Government Agency – 4.1%
Federal Home Loan Mortgage Corp.
Series K017, Class X1 IO, 1.286%, 12/25/2021		123,530,349		2,031,679

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series K018, Class X1 IO, 1.300%, 01/25/2022	$	101,765,053	$	1,724,409
Series K021, Class X1 IO, 1.420%, 06/25/2022		30,364,541		775,444
Series K022, Class X1 IO, 1.209%, 07/25/2022		310,695,780		6,916,461
Series K026, Class X1 IO, 0.974%, 11/25/2022		156,475,569		3,240,969
Series K038, Class A2, 3.389%, 03/25/2024		8,708,000		9,388,147
Series K038, Class X1 IO, 1.129%, 03/25/2024		228,288,384		8,402,565
Series K040, Class A2, 3.241%, 09/25/2024		18,939,000		20,480,993
Series K041, Class A2, 3.171%, 10/25/2024		7,360,000		7,949,824
Series K042, Class A2, 2.670%, 12/25/2024		8,025,000		8,502,427
Series K043, Class A2, 3.062%, 12/25/2024		14,729,000		15,862,162
Series K044, Class A2, 2.811%, 01/25/2025		5,530,000		5,897,606
Series K048, Class A2, 3.284%, 06/25/2025 (F)		11,485,000		12,539,700
Series K048, Class X1 IO, 0.245%, 06/25/2025		162,623,306		1,830,114
Series K049, Class A2, 3.010%, 07/25/2025		20,225,000		21,851,369
Series K052, Class A2, 3.151%, 11/25/2025		6,245,000		6,813,562
Series K064, Class A1, 2.891%, 10/25/2026		7,734,079		8,233,503
Series K727, Class A2, 2.946%, 07/25/2024		26,282,000		27,777,034
Series K728, Class A2, 3.064%, 08/25/2024 (F)		15,925,000		16,958,743
Series K729, Class A2, 3.136%, 10/25/2024		17,465,000		18,687,574
Series KIR3, Class A1, 3.038%, 08/25/2027		15,980,000		17,593,573
Government National Mortgage Association
Series 2012-114, Class IO, 0.760%, 01/16/2053		33,420,576		1,351,475
Series 2016-174, Class IO, 0.890%, 11/16/2056		62,106,618		4,110,315
Series 2017-109, Class IO, 0.600%, 04/16/2057		82,081,868		4,035,104
Series 2017-124, Class IO, 0.709%, 01/16/2059		104,452,914		5,843,942
Series 2017-135, Class IO, 0.835%, 10/16/2058		68,666,828		4,457,548
Series 2017-140, Class IO, 0.612%, 02/16/2059		60,125,982		3,371,973
Series 2017-159, Class IO, 0.544%, 06/16/2059		80,348,344		3,776,637
Series 2017-20, Class IO, 0.740%, 12/16/2058		130,388,169		6,846,657
Series 2017-22, Class IO, 0.932%, 12/16/2057		40,446,146		2,827,744
Series 2017-41, Class IO, 0.786%, 07/16/2058		86,941,926		4,709,453

 

172

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 2017-46, Class IO, 0.616%, 11/16/2057	$	98,954,157	$	4,982,837
Series 2017-61, Class IO, 0.764%, 05/16/2059		60,757,290		3,719,677
Series 2018-158, Class IO, 0.727%, 05/16/2061		78,082,754		5,295,057
Series 2018-69, Class IO, 0.555%, 04/16/2060		64,296,212		3,554,790
Series 2019-131, Class IO, 0.931%, 07/16/2061		49,982,281		3,679,845
				286,020,912
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $717,713,993)			$	694,037,415
ASSET BACKED SECURITIES – 7.9%
AccessLex Institute Series 2007-A, Class A3 (3 month LIBOR + 0.300%) 1.979%, 05/25/2036 (E)		7,199,883		6,528,216
Ally Master Owner Trust Series 2018-1, Class A2 2.700%, 01/17/2023		12,910,000		12,699,834
Americredit Automobile Receivables Trust Series 2020-1, Class C 1.590%, 10/20/2025		8,945,000		8,346,725
AMSR Trust Series 2020-SFR1, Class A 1.819%, 04/17/2037 (C)		9,035,000		8,377,257
Applebee's Funding LLC Series 2019-1A, Class A2I 4.194%, 06/07/2049 (C)		13,311,000		12,106,355
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A 2.360%, 03/20/2026 (C)		10,207,000		8,938,943
Series 2020-1A, Class A 2.330%, 08/20/2026 (C)		7,618,000		6,706,756
CARS-DB4 LP Series 2020-1A, Class A1 2.690%, 02/15/2050 (C)		9,641,931		9,497,302
CLI Funding LLC Series 2018-1A, Class A 4.030%, 04/18/2043 (C)		11,125,137		10,567,971
Coinstar Funding LLC Series 2017-1A, Class A2 5.216%, 04/25/2047 (C)		12,054,138		11,351,980
Corevest American Finance Trust Series 2019-3, Class A 2.705%, 10/15/2052 (C)		2,417,200		2,294,387
DB Master Finance LLC Series 2017-1A, Class A2II 4.030%, 11/20/2047 (C)		3,703,748		3,476,300
DLL LLC Series 2018-ST2, Class A4 3.590%, 06/20/2024 (C)		18,019,000		17,906,603
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (C)		14,119,988		13,669,842
DRB Prime Student Loan Trust
Series 2015-D, Class A2 3.200%, 01/25/2040 (C)		4,854,419		4,917,416

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
DRB Prime Student Loan Trust (continued)
Series 2016-B, Class A2 2.890%, 06/25/2040 (C)	$	5,936,563	$	5,992,880
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (C)		6,487,063		6,464,098
Elara HGV Timeshare Issuer LLC Series 2019-A, Class A 2.610%, 01/25/2034 (C)		10,149,540		9,752,545
Exeter Automobile Receivables Trust Series 2020-1A, Class C 2.490%, 01/15/2025 (C)		11,835,000		10,782,168
Five Guys Funding LLC Series 2017-1A, Class A2 4.600%, 07/25/2047 (C)		9,954,775		10,395,311
Ford Credit Auto Owner Trust
Series 2018-1, Class A 3.190%, 07/15/2031 (C)		20,019,000		21,935,125
Series 2018-2, Class A 3.470%, 01/15/2030 (C)		10,177,000		10,220,063
Series 2020-1, Class A 2.040%, 08/15/2031 (C)		11,760,000		10,884,169
Ford Credit Floorplan Master Owner Trust Series 2019-2, Class A 3.060%, 04/15/2026		16,032,000		15,433,828
GMF Floorplan Owner Revolving Trust Series 2019-2, Class A 2.900%, 04/15/2026 (C)		13,385,000		12,264,769
Golden Credit Card Trust Series 2018-4A, Class A 3.440%, 10/15/2025 (C)		23,220,000		23,093,878
Great American Auto Leasing, Inc. Series 2019-1, Class A4 3.210%, 02/18/2025 (C)		8,484,000		8,563,845
Hilton Grand Vacations Trust Series 2018-AA, Class A 3.540%, 02/25/2032 (C)		3,328,592		3,318,107
Home Partners of America Trust Series 2019-1, Class A 2.908%, 09/17/2039 (C)		14,322,189		13,889,215
Jack in the Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (C)		5,441,363		4,507,244
Series 2019-1A, Class A2I 3.982%, 08/25/2049 (C)		6,279,263		5,800,218
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX 2.730%, 10/25/2048 (C)		6,725,000		6,751,422
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (C)		9,025,744		8,672,953
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (C)		3,601,429		3,678,416
Navient Private Education Refi Loan Trust
Series 2019-EA, Class A2A 2.640%, 05/15/2068 (C)		8,410,000		8,566,873
Series 2019-FA, Class A2 2.600%, 08/15/2068 (C)		12,715,000		12,851,614
Series 2020-BA, Class A2 2.120%, 01/15/2069 (C)		13,158,000		13,202,121

 

173

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Nelnet Student Loan Trust Series 2004-4, Class A5 (3 month LIBOR + 0.160%) 1.954%, 01/25/2037 (E)	$	7,045,079	$	6,734,657
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A 3.193%, 01/25/2023 (C)		3,260,276		3,250,878
Series 2018-PLS2, Class A 3.265%, 02/25/2023 (C)		4,771,869		4,750,324
Oxford Finance Funding LLC Series 2020-1A, Class A2 3.101%, 02/15/2028 (C)		9,540,000		9,154,491
PFS Financing Corp. Series 2018-F, Class A 3.520%, 10/15/2023 (C)		10,260,000		10,187,771
Progress Residential Trust Series 2020-SFR1, Class A 1.732%, 04/17/2037 (C)		7,750,000		7,267,597
Santander Revolving Auto Loan Trust Series 2019-A, Class A 2.510%, 01/26/2032 (C)		12,236,000		11,716,827
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (C)		9,064,450		8,514,329
Sierra Timeshare Receivables Funding LLC Series 2018-3A, Class A 3.690%, 09/20/2035 (C)		3,945,991		3,945,311
SMB Private Education Loan Trust
Series 2015-C, Class A2A 2.750%, 07/15/2027 (C)		3,416,359		3,435,879
Series 2016-A, Class A2A 2.700%, 05/15/2031 (C)		12,820,733		12,863,765
Series 2019-B, Class A2A 2.840%, 06/15/2037 (C)		12,040,000		11,380,745
Sonic Capital LLC Series 2020-1A, Class A2I 3.845%, 01/20/2050 (C)		7,101,078		6,797,933
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (C)		5,141,926		3,008,654
Taco Bell Funding LLC Series 2018-1A, Class A2I 4.318%, 11/25/2048 (C)		15,297,363		14,915,081
Towd Point Mortgage Trust
Series 2017-1, Class A1 2.750%, 10/25/2056 (C)(F)		3,373,836		3,375,194
Series 2017-2, Class A1 2.750%, 04/25/2057 (C)(F)		2,596,804		2,543,827
Series 2019-4, Class A1 2.900%, 10/25/2059 (C)(F)		7,737,071		7,569,528
Toyota Auto Loan Extended Note Trust Series 2019-1A, Class A 2.560%, 11/25/2031 (C)		24,486,000		24,806,017
Triton Container Finance V LLC Series 2018-1A, Class A 3.950%, 03/20/2043 (C)		10,336,000		10,230,226
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (C)		5,811,362		5,636,241
Westgate Resorts LLC Series 2016-1A, Class A 3.500%, 12/20/2028 (C)		1,629,089		1,620,493

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Westlake Automobile Receivables Trust Series 2019-1A, Class C 3.450%, 03/15/2024 (C)	$	6,231,000	$	5,762,248
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (C)		3,716,000		2,164,867
TOTAL ASSET BACKED SECURITIES (Cost $566,982,382)			$	546,039,632
PREFERRED SECURITIES – 0.1%
Utilities – 0.1%
Dominion Energy, Inc., 7.250%		12,915		1,188,309
DTE Energy Company, 6.250%		15,402		580,039
NextEra Energy, Inc., 5.279%		120,650		5,319,459
The Southern Company, 6.750%		19,330		858,252
TOTAL PREFERRED SECURITIES (Cost $8,909,788)			$	7,946,059
SHORT-TERM INVESTMENTS – 3.0%
Short-term funds – 1.3%
John Hancock Collateral Trust, 1.1260% (G)(H)		8,837,661		88,354,520
Repurchase agreement – 1.7%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $117,751,000 on 4-1-20, collateralized by $112,060,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $117,814,841) and $2,185,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $2,291,434)	$	117,751,000		117,751,000
TOTAL SHORT-TERM INVESTMENTS (Cost $206,104,343)			$	206,105,520
Total Investments (Select Bond Trust) (Cost $6,986,272,107) – 101.9%			$	7,076,557,241
Other assets and liabilities, net – (1.9%)				(133,597,641)
TOTAL NET ASSETS – 100.0%			$	6,942,959,600
SALE COMMITMENTS OUTSTANDING - (0.6)%
U.S. Government Agency – (0.6%)
Federal National Mortgage Association 3.000%, TBA (B)	$	(40,000,000)	$	(41,986,872)
TOTAL SALE COMMITMENTS OUTSTANDING (Cost $(40,821,875))			$	(41,986,872)

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
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
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)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $86,669,613.
(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 $1,218,955,710 or 17.6% of the fund's net assets as of 3-31-20.

 

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

(D)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E)	Variable rate obligation. 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.

Select Bond Trust (continued)

(G)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	776	Long	Jun 2020	$96,935,142	$97,278,875	$343,733
						$343,733

^ 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.

Short Term Government Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 91.1%
U.S. Government – 43.2%
U.S. Treasury Inflation Protected Securities 0.625%, 04/15/2023	$	1,817,270	$	1,831,146
U.S. Treasury Notes
1.125%, 06/30/2021 to 02/28/2025		13,148,000		13,439,556
1.375%, 01/31/2022 to 02/15/2023		3,770,000		3,868,173
1.500%, 09/15/2022		4,000,000		4,121,562
1.625%, 06/30/2021		4,220,000		4,297,806
1.750%, 11/30/2021		3,275,000		3,358,538
1.875%, 04/30/2022 to 07/31/2022		14,215,000		14,735,628
2.000%, 05/31/2024		4,500,000		4,807,969
2.125%, 03/31/2024		2,700,000		2,891,742
2.625%, 06/30/2023		5,485,000		5,897,446
2.750%, 08/15/2021 to 07/31/2023		6,305,000		6,673,514
2.875%, 11/15/2021 to 11/30/2023		16,245,000		17,617,281
				83,540,361
U.S. Government Agency – 47.9%
Federal Agricultural Mortgage Corp.
1.640%, 04/17/2020		3,885,000		3,887,975
1.750%, 06/15/2020		2,055,000		2,061,806
2.000%, 01/15/2021		4,965,000		5,032,511
Federal Farm Credit Bank
1.440%, 08/16/2021		4,620,000		4,619,827
2.990%, 04/16/2026		4,500,000		4,504,303
Federal Home Loan Bank
1.875%, 11/29/2021		1,960,000		2,006,420
2.875%, 09/13/2024		5,500,000		6,046,175
Federal Home Loan Mortgage Corp.
1.725%, 02/28/2023		2,500,000		2,502,527
2.375%, 02/16/2021		3,000,000		3,049,626
2.500%, 09/01/2034		3,803,403		3,953,046
3.000%, 07/01/2030 to 12/01/2032		4,930,236		5,178,584
3.218%, (12 month LIBOR + 1.618%), 05/01/2045 (A)		1,120,294		1,144,390
3.500%, 04/01/2032		1,928,017		2,048,817
7.000%, 04/01/2031 to 04/01/2032		536		616
Federal National Mortgage Association
2.125%, 04/24/2026		1,000,000		1,076,699
2.500%, 10/01/2027 to 09/01/2034		4,907,976		5,103,446

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)
2.625%, 01/11/2022	$	5,000,000	$	5,192,360
2.875%, 09/12/2023		7,005,000		7,575,595
3.000%, 03/01/2028 to 09/01/2034		12,456,500		13,098,307
3.500%, 07/01/2031 to 06/01/2034		7,583,032		8,042,837
6.500%, 01/01/2039		440,930		518,159
7.000%, 12/01/2026 to 01/01/2029		1,340		1,508
7.500%, 01/01/2031		567		663
8.000%, 10/01/2024 to 09/01/2030		1,003		1,161
Government National Mortgage Association 7.500%, 01/15/2027 to 03/15/2027		247		275
Tennessee Valley Authority 3.875%, 02/15/2021		5,815,000		5,968,747
				92,616,380
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $170,560,483)			$	176,156,741
MUNICIPAL BONDS – 4.2%
City of Houston
2.110%, 03/01/2025		1,000,000		1,009,450
3.628%, 05/15/2024		1,000,000		1,088,540
City of New York
1.990%, 10/01/2026		1,000,000		979,320
3.250%, 03/01/2024		1,000,000		1,062,740
County of Orange (Florida) 2.280%, 01/01/2026		1,000,000		1,031,910
Los Angeles Unified School District (California) 1.540%, 09/15/2025		1,000,000		954,240
New York State Urban Development Corp. 3.080%, 03/15/2024		1,000,000		1,052,080
State of California 2.375%, 10/01/2026		1,000,000		1,030,460
TOTAL MUNICIPAL BONDS (Cost $8,128,541)			$	8,208,740

 

175

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS – 1.9%
U.S. Government Agency – 1.9%
Federal Home Loan Mortgage Corp.
Series K017, Class X1 IO, 1.286%, 12/25/2021	$	21,159,009	$	347,998
Series K018, Class X1 IO, 1.300%, 01/25/2022		4,180,632		70,841
Series K022, Class X1 IO, 1.209%, 07/25/2022		11,013,642		245,177
Series K026, Class X1 IO, 0.974%, 11/25/2022		5,270,668		109,168
Series K030, Class X1 IO, 0.180%, 04/25/2023		135,439,763		664,535
Series K038, Class X1 IO, 1.129%, 03/25/2024		7,946,165		292,473
Series K718, Class X1 IO, 0.605%, 01/25/2022		19,056,499		155,148
Government National Mortgage Association
Series 2012-114, Class IO, 0.760%, 01/16/2053		2,275,904		92,034
Series 2017-109, Class IO, 0.600%, 04/16/2057		2,699,309		132,697
Series 2017-124, Class IO, 0.709%, 01/16/2059		3,441,751		192,559
Series 2017-140, Class IO, 0.612%, 02/16/2059		2,001,562		112,251
Series 2017-20, Class IO, 0.740%, 12/16/2058		4,618,510		242,517
Series 2017-41, Class IO, 0.786%, 07/16/2058		3,017,638		163,459
Series 2017-46, Class IO, 0.616%, 11/16/2057		3,435,326		172,986
Series 2017-61, Class IO, 0.764%, 05/16/2059		2,093,589		128,173

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 2017-74, Class IO, 0.711%, 09/16/2058	$	3,244,803	$	155,539
Series 2017-89, Class IO, 0.764%, 07/16/2059		3,694,628		226,861
Series 2018-9, Class IO, 0.559%, 01/16/2060		2,519,536		124,556
				3,628,972
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $4,146,760)			$	3,628,972
SHORT-TERM INVESTMENTS – 1.9%
Repurchase agreement – 1.9%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $3,618,000 on 4-1-20, collateralized by $3,515,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $3,695,513)		3,618,000		3,618,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,618,000)			$	3,618,000
Total Investments (Short Term Government Income Trust) (Cost $186,453,784) – 99.1%			$	191,612,453
Other assets and liabilities, net – 0.9%				1,657,183
TOTAL NET ASSETS – 100.0%			$	193,269,636

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.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
2-Year U.S. Treasury Note Futures	30	Long	Jun 2020	$6,509,123	$6,611,484	$102,361
						$102,361

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

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

Small Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.0%
Communication services – 2.2%
Diversified telecommunication services – 0.8%
Anterix, Inc. (A)(B)	2,967	$	135,503
ATN International, Inc.	2,917		171,257
Bandwidth, Inc., Class A (A)	4,400		296,076
Cincinnati Bell, Inc. (A)	13,662		200,012
Cogent Communications Holdings, Inc.	11,369		931,917
Consolidated Communications Holdings, Inc.	19,842		90,281
Frontier Communications Corp. (A)(B)	30,974		11,770
IDT Corp., Class B (A)	5,207		28,222

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Intelsat SA (A)(B)	18,634	$	28,510
Iridium Communications, Inc. (A)	26,723		596,725
Ooma, Inc. (A)	5,797		69,158
ORBCOMM, Inc. (A)	22,208		54,188
Vonage Holdings Corp. (A)	61,124		441,927
			3,055,546
Entertainment – 0.2%
AMC Entertainment Holdings, Inc., Class A	14,463		45,703
Eros International PLC (A)(B)	20,802		34,323

 

176

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Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
Glu Mobile, Inc. (A)	31,885	$	200,557
IMAX Corp. (A)	14,204		128,546
Liberty Media Corp.-Liberty Braves, Class A (A)	3,389		66,086
Liberty Media Corp.-Liberty Braves, Class C (A)	9,311		177,468
Reading International, Inc., Class A (A)	5,151		20,037
The Marcus Corp.	6,279		77,357
			750,077
Interactive media and services – 0.3%
Cargurus, Inc. (A)	20,377		385,940
Cars.com, Inc. (A)	18,502		79,559
DHI Group, Inc. (A)	14,336		30,966
Eventbrite, Inc., Class A (A)(B)	10,232		74,694
EverQuote, Inc., Class A (A)	2,486		65,258
Liberty TripAdvisor Holdings, Inc., Class A (A)	20,397		36,715
QuinStreet, Inc. (A)	12,652		101,849
The Meet Group, Inc. (A)	19,359		113,637
TrueCar, Inc. (A)	29,734		71,956
Yelp, Inc. (A)	18,561		334,655
			1,295,229
Media – 0.7%
Boston Omaha Corp., Class A (A)(B)	3,119		56,485
Cardlytics, Inc. (A)(B)	3,924		137,183
Central European Media Enterprises, Ltd., Class A (A)	25,206		78,895
comScore, Inc. (A)	14,557		41,051
Cumulus Media, Inc., Class A (A)	4,004		21,702
Daily Journal Corp. (A)(B)	337		76,937
Emerald Holding, Inc.	7,146		18,508
Entercom Communications Corp., Class A	32,998		56,427
Entravision Communications Corp., Class A	18,741		38,044
Fluent, Inc. (A)	12,982		15,189
Gannett Company, Inc. (B)	33,124		49,024
Gray Television, Inc. (A)	24,612		264,333
Hemisphere Media Group, Inc. (A)	5,665		48,379
Liberty Latin America, Ltd., Class A (A)	13,098		137,791
Liberty Latin America, Ltd., Class C (A)	30,124		309,072
Loral Space & Communications, Inc. (A)	3,653		59,361
Marchex, Inc., Class B (A)	11,950		17,328
MDC Partners, Inc., Class A (A)	17,171		24,898
Media General, Inc. (A)(C)	29,399		2,796
Meredith Corp. (B)	10,765		131,548
MSG Networks, Inc., Class A (A)	11,689		119,228
National CineMedia, Inc.	17,699		57,699
Scholastic Corp.	7,948		202,595
TechTarget, Inc. (A)	6,391		131,719
TEGNA, Inc.	58,165		631,672
The EW Scripps Company, Class A	14,994		113,055
Tribune Publishing Company	5,303		43,007
WideOpenWest, Inc. (A)	7,397		35,210
			2,919,136
Wireless telecommunication services – 0.2%
Boingo Wireless, Inc. (A)	12,079		128,158
Gogo, Inc. (A)(B)	15,808		33,513
Shenandoah Telecommunications Company	12,961		638,329
Spok Holdings, Inc.	5,109		54,615
			854,615
			8,874,603

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer discretionary – 8.5%
Auto components – 0.8%
Adient PLC (A)	23,919	$	216,945
American Axle & Manufacturing Holdings, Inc. (A)	30,922		111,628
Cooper Tire & Rubber Company	13,093		213,416
Cooper-Standard Holdings, Inc. (A)	4,597		47,211
Dana, Inc.	38,527		300,896
Dorman Products, Inc. (A)	7,167		396,120
Fox Factory Holding Corp. (A)	10,213		428,946
Gentherm, Inc. (A)	8,766		275,252
LCI Industries	6,523		435,932
Modine Manufacturing Company (A)	13,762		44,727
Motorcar Parts of America, Inc. (A)	5,281		66,435
Standard Motor Products, Inc.	5,554		230,880
Stoneridge, Inc. (A)	7,271		121,789
Tenneco, Inc., Class A (A)(B)	13,989		50,360
Visteon Corp. (A)	7,539		361,721
			3,302,258
Automobiles – 0.1%
Winnebago Industries, Inc.	8,446		234,883
Distributors – 0.1%
Core-Mark Holding Company, Inc.	12,253		350,068
Funko, Inc., Class A (A)(B)	5,897		23,529
Weyco Group, Inc.	1,745		35,197
			408,794
Diversified consumer services – 0.9%
Adtalem Global Education, Inc. (A)	14,113		378,087
American Public Education, Inc. (A)	4,273		102,253
Career Education Corp. (A)	18,728		202,075
Carriage Services, Inc.	4,697		75,857
Chegg, Inc. (A)(B)	31,914		1,141,883
Collectors Universe, Inc.	2,424		37,984
Houghton Mifflin Harcourt Company (A)	29,571		55,593
K12, Inc. (A)	10,584		199,614
Laureate Education, Inc., Class A  (A)	30,263		318,064
OneSpaWorld Holdings, Ltd. (B)	12,697		51,550
Regis Corp. (A)	6,588		38,935
Select Interior Concepts, Inc., Class A (A)	6,256		12,950
Strategic Education, Inc.	5,737		801,803
WW International, Inc. (A)	12,757		215,721
			3,632,369
Hotels, restaurants and leisure – 1.9%
BBX Capital Corp.	19,454		44,939
BJ's Restaurants, Inc.	5,492		76,284
Bloomin' Brands, Inc.	23,529		167,997
Boyd Gaming Corp.	21,699		312,900
Brinker International, Inc.	10,046		120,652
Carrols Restaurant Group, Inc. (A)	10,525		19,156
Century Casinos, Inc. (A)	9,387		22,623
Churchill Downs, Inc.	9,453		973,186
Chuy's Holdings, Inc. (A)	4,806		48,396
Cracker Barrel Old Country Store, Inc.	6,395		532,192
Dave & Buster's Entertainment, Inc.	8,334		109,009
Del Taco Restaurants, Inc. (A)	8,271		28,370
Denny's Corp. (A)	16,099		123,640
Dine Brands Global, Inc.	4,259		122,148
Drive Shack, Inc. (A)	17,907		27,219
El Pollo Loco Holdings, Inc. (A)	5,608		47,388
Eldorado Resorts, Inc. (A)	18,014		259,402
Everi Holdings, Inc. (A)	18,889		62,334
Fiesta Restaurant Group, Inc. (A)	6,917		27,876
Golden Entertainment, Inc. (A)	5,161		34,114
J Alexander's Holdings, Inc. (A)	4,447		17,032

 

177

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Jack in the Box, Inc.	6,232	$	218,432
Lindblad Expeditions Holdings, Inc. (A)	6,567		27,384
Marriott Vacations Worldwide Corp.	11,149		619,661
Monarch Casino & Resort, Inc. (A)	3,239		90,919
Nathan's Famous, Inc.	888		54,168
Noodles & Company (A)(B)	8,323		39,201
Papa John's International, Inc.	6,034		322,035
Penn National Gaming, Inc. (A)	29,947		378,830
PlayAGS, Inc. (A)	7,832		20,755
RCI Hospitality Holdings, Inc.	2,750		27,418
Red Lion Hotels Corp. (A)	8,061		11,769
Red Robin Gourmet Burgers, Inc. (A)	3,675		31,311
Red Rock Resorts, Inc., Class A	18,951		162,031
Ruth's Hospitality Group, Inc.	7,936		53,012
Scientific Games Corp. (A)	15,483		150,185
SeaWorld Entertainment, Inc. (A)	12,713		140,097
Shake Shack, Inc., Class A (A)	7,877		297,278
Target Hospitality Corp. (A)	9,682		19,267
Texas Roadhouse, Inc.	17,765		733,695
The Cheesecake Factory, Inc. (B)	11,120		189,930
Twin River Worldwide Holdings, Inc.	4,866		63,307
Wingstop, Inc.	7,975		635,608
			7,463,150
Household durables – 1.5%
Bassett Furniture Industries, Inc.	3,116		16,982
Beazer Homes USA, Inc. (A)	8,011		51,591
Cavco Industries, Inc. (A)	2,370		343,508
Century Communities, Inc. (A)	7,153		103,790
Ethan Allen Interiors, Inc.	6,432		65,735
Flexsteel Industries, Inc.	2,417		26,490
GoPro, Inc., Class A (A)(B)	34,743		91,027
Green Brick Partners, Inc. (A)	7,271		58,532
Hamilton Beach Brands Holding Company, Class B	1,197		11,383
Helen of Troy, Ltd. (A)	6,749		972,058
Hooker Furniture Corp.	3,348		52,262
Installed Building Products, Inc. (A)	6,275		250,184
iRobot Corp. (A)(B)	7,488		306,259
KB Home	23,252		420,861
La-Z-Boy, Inc.	12,041		247,443
LGI Homes, Inc. (A)	5,443		245,751
M/I Homes, Inc. (A)	7,186		118,785
MDC Holdings, Inc.	13,472		312,550
Meritage Homes Corp. (A)	9,618		351,153
Skyline Champion Corp. (A)	13,995		219,442
Sonos, Inc. (A)	19,790		167,819
Taylor Morrison Home Corp. (A)	34,914		384,054
The Lovesac Company (A)	2,579		15,036
TopBuild Corp. (A)	9,058		648,915
TRI Pointe Group, Inc. (A)	36,867		323,324
Tupperware Brands Corp.	13,746		22,269
Universal Electronics, Inc. (A)	3,798		145,729
ZAGG, Inc. (A)(B)	7,941		24,697
			5,997,629
Internet and direct marketing retail – 0.4%
1-800-Flowers.com, Inc., Class A (A)	7,016		92,822
Duluth Holdings, Inc., Class B (A)(B)	3,389		13,590
Groupon, Inc. (A)	125,427		122,944
Lands' End, Inc. (A)	3,083		16,463
Liquidity Services, Inc. (A)	8,270		32,088
Overstock.com, Inc. (A)	7,692		38,383
PetMed Express, Inc.	5,390		155,124
Quotient Technology, Inc. (A)	21,008		136,552
Shutterstock, Inc.	5,216		167,747
Stamps.com, Inc. (A)	4,470		581,458

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Internet and direct marketing retail (continued)
Stitch Fix, Inc., Class A (A)(B)	11,421	$	145,047
The RealReal, Inc. (A)	9,706		68,039
The Rubicon Project, Inc. (A)	13,681		75,930
Waitr Holdings, Inc. (A)(B)	7,359		9,052
			1,655,239
Leisure products – 0.4%
Acushnet Holdings Corp.	9,518		244,803
American Outdoor Brands Corp. (A)	14,615		121,305
Callaway Golf Company	25,606		261,693
Clarus Corp.	7,023		68,825
Johnson Outdoors, Inc., Class A	1,391		87,216
Malibu Boats, Inc., Class A (A)	5,719		164,650
MasterCraft Boat Holdings, Inc. (A)	5,611		40,960
Sturm Ruger & Company, Inc.	4,457		226,906
Vista Outdoor, Inc. (A)	16,248		142,982
YETI Holdings, Inc. (A)	12,941		252,608
			1,611,948
Multiline retail – 0.1%
Big Lots, Inc.	10,551		150,035
Dillard's, Inc., Class A (B)	2,657		98,176
J.C. Penney Company, Inc. (A)(B)	90,940		32,738
			280,949
Specialty retail – 1.6%
Aaron's, Inc.	18,262		416,008
Abercrombie & Fitch Company, Class A	17,005		154,575
American Eagle Outfitters, Inc.	42,128		334,918
America's Car-Mart, Inc. (A)	1,653		93,147
Asbury Automotive Group, Inc. (A)	5,131		283,385
At Home Group, Inc. (A)(B)	13,296		26,858
Barnes & Noble Education, Inc. (A)	11,744		15,972
Bed Bath & Beyond, Inc.	33,277		140,096
Boot Barn Holdings, Inc. (A)	7,734		100,001
Caleres, Inc.	10,976		57,075
Camping World Holdings, Inc., Class A	9,210		52,405
Chico's FAS, Inc.	32,237		41,586
Citi Trends, Inc.	3,403		30,287
Conn's, Inc. (A)	5,052		21,117
Designer Brands, Inc., Class A (B)	16,727		83,300
Express, Inc. (A)	18,426		27,455
GameStop Corp., Class A (A)(B)	17,973		62,906
Genesco, Inc. (A)	3,775		50,359
GNC Holdings, Inc., Class A (A)(B)	24,230		11,342
Group 1 Automotive, Inc.	4,721		208,951
Guess?, Inc.	12,733		86,202
Haverty Furniture Companies, Inc.	5,006		59,521
Hibbett Sports, Inc. (A)	4,783		52,302
Hudson, Ltd., Class A (A)	11,200		56,224
Lithia Motors, Inc., Class A	6,003		490,985
Lumber Liquidators Holdings, Inc. (A)	8,123		38,097
MarineMax, Inc. (A)	5,879		61,259
Monro, Inc.	8,733		382,593
Murphy USA, Inc. (A)	7,798		657,839
National Vision Holdings, Inc. (A)	21,163		410,985
Office Depot, Inc.	147,623		242,102
Party City Holdco, Inc. (A)	15,370		7,044
Rent-A-Center, Inc.	13,359		188,896
RH (A)	4,541		456,234
Sally Beauty Holdings, Inc. (A)(B)	31,215		252,217
Shoe Carnival, Inc.	2,520		52,340
Signet Jewelers, Ltd.	14,394		92,841
Sleep Number Corp. (A)	7,754		148,567
Sonic Automotive, Inc., Class A	6,703		89,016
Sportsman's Warehouse Holdings, Inc. (A)	11,738		72,306

 

178

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Tailored Brands, Inc. (B)	12,262	$	21,336
The Buckle, Inc. (B)	7,935		108,789
The Cato Corp., Class A	6,239		66,570
The Children's Place, Inc. (B)	4,006		78,357
The Michaels Companies, Inc. (A)(B)	21,378		34,632
Tilly's, Inc., Class A	6,110		25,234
Winmark Corp.	655		83,460
Zumiez, Inc. (A)	5,514		95,502
			6,623,193
Textiles, apparel and luxury goods – 0.7%
Crocs, Inc. (A)	18,755		318,647
Culp, Inc.	3,329		24,501
Deckers Outdoor Corp. (A)	7,522		1,007,948
Delta Apparel, Inc. (A)	1,879		19,560
Fossil Group, Inc. (A)	13,057		42,958
G-III Apparel Group, Ltd. (A)	12,126		93,370
Kontoor Brands, Inc. (B)	11,874		227,625
Movado Group, Inc.	4,456		52,670
Oxford Industries, Inc.	4,431		160,668
Rocky Brands, Inc.	2,061		39,880
Steven Madden, Ltd.	22,524		523,233
Unifi, Inc. (A)	4,186		48,348
Vera Bradley, Inc. (A)	6,239		25,705
Wolverine World Wide, Inc.	21,270		323,304
			2,908,417
			34,118,829
Consumer staples – 3.3%
Beverages – 0.4%
Celsius Holdings, Inc. (A)(B)	7,829		32,960
Coca-Cola Consolidated, Inc.	1,278		266,501
Craft Brew Alliance, Inc. (A)	3,431		51,122
MGP Ingredients, Inc.	3,652		98,202
National Beverage Corp. (A)	3,236		138,015
New Age Beverages Corp. (A)	21,574		29,988
Primo Water Corp.	6,583		59,642
The Boston Beer Company, Inc., Class A (A)	2,237		822,232
			1,498,662
Food and staples retailing – 0.7%
BJ's Wholesale Club Holdings, Inc. (A)	29,937		762,495
HF Foods Group, Inc. (A)	4,261		35,750
Ingles Markets, Inc., Class A	3,891		140,699
Performance Food Group Company (A)	28,220		697,598
PriceSmart, Inc.	6,048		317,822
Rite Aid Corp. (A)(B)	15,050		225,750
SpartanNash Company	9,887		141,582
The Andersons, Inc.	8,576		160,800
The Chefs' Warehouse, Inc. (A)	6,781		68,285
United Natural Foods, Inc. (A)	14,561		133,670
Village Super Market, Inc., Class A	2,491		61,229
Weis Markets, Inc.	2,485		103,525
			2,849,205
Food products – 1.5%
Alico, Inc.	1,390		43,146
B&G Foods, Inc. (B)	17,205		311,238
Calavo Growers, Inc.	4,380		252,682
Cal-Maine Foods, Inc.	8,423		370,444
Darling Ingredients, Inc. (A)	44,260		848,464
Farmer Brothers Company (A)	3,575		24,882
Fresh Del Monte Produce, Inc.	8,292		228,942
Freshpet, Inc. (A)	9,362		597,951
Hostess Brands, Inc. (A)	32,098		342,165
J&J Snack Foods Corp.	4,019		486,299

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
John B. Sanfilippo & Son, Inc.	2,337	$	208,928
Lancaster Colony Corp.	5,018		725,804
Landec Corp. (A)	7,467		64,888
Limoneira Company	4,626		60,601
Sanderson Farms, Inc.	5,348		659,515
Seneca Foods Corp., Class A (A)	1,962		78,048
The Simply Good Foods Company (A)	22,264		428,805
Tootsie Roll Industries, Inc.	4,426		159,160
			5,891,962
Household products – 0.3%
Central Garden & Pet Company (A)	3,031		83,353
Central Garden & Pet Company, Class A (A)	10,542		269,559
WD-40 Company	3,680		739,128
			1,092,040
Personal products – 0.3%
BellRing Brands, Inc. Class A (A)	10,633		181,293
Edgewell Personal Care Company (A)	14,607		351,737
elf Beauty, Inc. (A)(B)	7,221		71,055
Inter Parfums, Inc.	4,802		222,573
Lifevantage Corp. (A)	4,166		42,910
Medifast, Inc. (B)	3,020		188,750
Revlon, Inc., Class A (A)(B)	1,940		21,204
USANA Health Sciences, Inc. (A)	3,439		198,637
			1,278,159
Tobacco – 0.1%
22nd Century Group, Inc. (A)(B)	33,824		25,368
Turning Point Brands, Inc.	2,395		50,558
Universal Corp.	6,442		284,801
Vector Group, Ltd.	30,598		288,233
			648,960
			13,258,988
Energy – 1.7%
Energy equipment and services – 0.5%
Archrock, Inc.	35,765		134,476
Cactus, Inc., Class A	12,917		149,837
Diamond Offshore Drilling, Inc. (A)(B)	18,624		34,082
DMC Global, Inc.	3,920		90,199
Dril-Quip, Inc. (A)	9,763		297,772
Era Group, Inc. (A)	5,922		31,564
Exterran Corp. (A)	8,591		41,237
Frank's International NV (A)	29,973		77,630
Geospace Technologies Corp. (A)	3,826		24,486
Helix Energy Solutions Group, Inc. (A)	39,080		64,091
Liberty Oilfield Services, Inc., Class A	14,867		39,992
Matrix Service Company (A)	7,562		71,612
Nabors Industries, Ltd.	98,629		38,475
National Energy Services Reunited Corp. (A)(B)	6,724		34,158
Natural Gas Services Group, Inc. (A)	4,094		18,259
Newpark Resources, Inc. (A)	24,997		22,422
NexTier Oilfield Solutions, Inc. (A)	44,581		52,160
Noble Corp. PLC (A)	69,844		18,159
Oceaneering International, Inc. (A)	27,515		80,894
Oil States International, Inc. (A)	16,774		34,051
Pacific Drilling SA (A)(B)	9,152		3,935
ProPetro Holding Corp. (A)	22,077		55,193
RigNet, Inc. (A)	4,859		8,746
RPC, Inc. (B)	16,862		34,736
SEACOR Holdings, Inc. (A)	4,697		126,631
SEACOR Marine Holdings, Inc. (A)	5,609		24,567
Seadrill, Ltd. (A)(B)	18,097		7,782
Select Energy Services, Inc., Class A (A)	16,938		54,710

 

179

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Solaris Oilfield Infrastructure, Inc., Class A (B)	8,916	$	46,809
TETRA Technologies, Inc. (A)	36,144		11,566
Tidewater, Inc. (A)	11,022		78,036
U.S. Silica Holdings, Inc. (B)	20,529		36,952
			1,845,219
Oil, gas and consumable fuels – 1.2%
Altus Midstream Company, Class A (A)(B)	15,972		11,979
Arch Coal, Inc., Class A	3,885		112,277
Ardmore Shipping Corp.	9,878		51,860
Berry Corp.	17,804		42,908
Bonanza Creek Energy, Inc. (A)	5,051		56,824
Brigham Minerals, Inc., Class A	4,829		39,936
California Resources Corp. (A)(B)	13,888		13,888
Callon Petroleum Company (A)	106,543		58,375
Clean Energy Fuels Corp. (A)	39,030		69,473
CNX Resources Corp. (A)	50,586		269,118
Comstock Resources, Inc. (A)(B)	4,300		23,177
CONSOL Energy, Inc. (A)	7,053		26,026
Contura Energy, Inc. (A)(B)	5,168		12,145
CVR Energy, Inc.	7,876		130,190
Delek US Holdings, Inc.	19,906		313,719
Denbury Resources, Inc. (A)(B)	133,131		24,576
DHT Holdings, Inc.	24,316		186,504
Diamond S Shipping, Inc. (A)	6,236		73,647
Dorian LPG, Ltd. (A)	7,582		66,039
Energy Fuels, Inc. (A)	27,020		31,884
Evolution Petroleum Corp.	9,799		25,575
Extraction Oil & Gas, Inc. (A)(B)	25,406		10,721
Falcon Minerals Corp.	12,199		26,228
GasLog, Ltd.	11,325		40,997
Golar LNG, Ltd. (B)	25,944		204,439
Green Plains, Inc.	9,688		46,987
Gulfport Energy Corp. (A)(B)	45,699		20,322
HighPoint Resources Corp. (A)	34,017		6,463
International Seaways, Inc.	6,906		164,984
Laredo Petroleum, Inc. (A)	50,517		19,186
Magnolia Oil & Gas Corp., Class A (A)(B)	28,357		113,428
Matador Resources Company (A)	30,832		76,463
Montage Resources Corp. (A)(B)	6,082		13,685
NACCO Industries, Inc., Class A	1,054		29,491
Nordic American Tankers, Ltd.	37,741		170,967
Northern Oil and Gas, Inc. (A)	81,320		53,923
Oasis Petroleum, Inc. (A)	89,226		31,229
Panhandle Oil and Gas, Inc., Class A	5,171		19,081
Par Pacific Holdings, Inc. (A)	9,806		69,623
PDC Energy, Inc. (A)	27,607		171,439
Peabody Energy Corp.	18,038		52,310
Penn Virginia Corp. (A)	3,910		12,082
QEP Resources, Inc.	67,185		22,473
Renewable Energy Group, Inc. (A)	10,030		205,916
REX American Resources Corp. (A)	1,493		69,439
Ring Energy, Inc. (A)(B)	19,389		12,772
SandRidge Energy, Inc. (A)	10,288		9,250
Scorpio Tankers, Inc.	11,976		228,981
SFL Corp., Ltd.	21,833		206,759
SM Energy Company	31,014		37,837
Southwestern Energy Company (A)	147,227		248,814
Talos Energy, Inc. (A)	5,735		32,976
Teekay Corp. (A)	19,968		63,099
Teekay Tankers, Ltd., Class A (A)	6,557		145,828
Tellurian, Inc. (A)(B)	26,567		24,014
Uranium Energy Corp. (A)(B)	51,992		29,116

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
W&T Offshore, Inc. (A)(B)	26,634	$	45,278
Whiting Petroleum Corp. (A)(B)	25,365		17,005
World Fuel Services Corp.	17,327		436,294
			4,830,019
			6,675,238
Financials – 16.2%
Banks – 8.8%
1st Constitution Bancorp	2,729		36,159
1st Source Corp.	3,683		119,440
ACNB Corp.	1,847		55,410
Allegiance Bancshares, Inc.	5,419		130,652
Amalgamated Bank, Class A	4,102		44,384
Amerant Bancorp, Inc. (A)	5,506		84,737
American National Bankshares, Inc.	2,537		60,634
Ameris Bancorp	16,531		392,777
Ames National Corp.	3,065		62,679
Arrow Financial Corp.	3,653		101,809
Atlantic Capital Bancshares, Inc. (A)	6,841		81,203
Atlantic Union Bankshares Corp.	21,569		472,361
Banc of California, Inc.	12,594		100,752
BancFirst Corp.	5,063		168,952
BancorpSouth Bank	26,005		492,015
Bank First Corp.	1,725		96,600
Bank of Commerce Holdings	5,961		46,913
Bank of Marin Bancorp	3,880		116,400
BankFinancial Corp.	5,359		47,213
Bankwell Financial Group, Inc.	2,230		34,030
Banner Corp.	9,363		309,354
Bar Harbor Bankshares	4,368		75,479
Baycom Corp. (A)	3,332		40,151
BCB Bancorp, Inc.	4,328		46,093
Berkshire Hills Bancorp, Inc.	12,181		181,010
Boston Private Financial Holdings, Inc.	23,267		166,359
Bridge Bancorp, Inc.	4,820		101,991
Brookline Bancorp, Inc.	21,357		240,907
Bryn Mawr Bank Corp.	5,540		157,225
Business First Bancshares, Inc.	3,271		44,159
Byline Bancorp, Inc.	6,969		72,269
C&F Financial Corp.	1,090		43,491
Cadence BanCorp	33,994		222,661
Cambridge Bancorp (B)	869		45,188
Camden National Corp.	4,243		133,442
Capital City Bank Group, Inc.	3,496		70,340
Capstar Financial Holdings, Inc.	5,367		53,080
Carolina Financial Corp.	5,926		153,306
Carter Bank & Trust	6,880		63,158
Cathay General Bancorp	20,189		463,338
CBTX, Inc.	5,179		92,031
CenterState Bank Corp.	32,613		561,922
Central Pacific Financial Corp.	7,571		120,379
Central Valley Community Bancorp	3,572		46,579
Century Bancorp, Inc., Class A	890		55,394
Chemung Financial Corp.	1,161		38,290
Citizens & Northern Corp.	3,629		72,580
City Holding Company	4,185		278,428
Civista Bancshares, Inc.	4,249		63,565
CNB Financial Corp.	4,260		80,386
Codorus Valley Bancorp, Inc.	2,978		47,946
Colony Bankcorp, Inc.	3,589		44,863
Columbia Banking System, Inc.	19,356		518,741
Community Bank System, Inc.	13,559		797,269
Community Bankers Trust Corp.	7,783		37,748
Community Trust Bancorp, Inc.	4,180		132,882
ConnectOne Bancorp, Inc.	9,417		126,564
Customers Bancorp, Inc. (A)	7,923		86,598

 

180

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
CVB Financial Corp.	35,906	$	719,915
Dime Community Bancshares, Inc.	8,790		120,511
Eagle Bancorp, Inc.	8,715		263,280
Enterprise Financial Services Corp.	6,637		185,239
Equity Bancshares, Inc., Class A (A)	4,499		77,608
Esquire Financial Holdings, Inc. (A)	2,236		33,652
Evans Bancorp, Inc.	1,653		40,184
Farmers & Merchants Bancorp, Inc.	2,419		62,676
Farmers National Banc Corp.	7,459		86,748
FB Financial Corp.	4,574		90,199
Fidelity D&D Bancorp, Inc. (B)	908		46,326
Financial Institutions, Inc.	4,598		83,408
First Bancorp (NC)	8,003		184,709
First Bancorp (PR)	58,065		308,906
First Bancorp, Inc.	3,161		69,542
First Bank	5,475		37,997
First Busey Corp.	13,937		238,462
First Business Financial Services, Inc.	2,956		45,818
First Choice Bancorp	2,876		43,169
First Commonwealth Financial Corp.	26,625		243,353
First Community Bankshares, Inc.	4,416		102,893
First Financial Bancorp	26,150		389,897
First Financial Bankshares, Inc.	35,152		943,480
First Financial Corp.	3,551		119,740
First Financial Northwest, Inc.	3,140		31,526
First Foundation, Inc.	11,339		115,885
First Internet Bancorp	3,364		55,237
First Interstate BancSystem, Inc., Class A	9,969		287,506
First Merchants Corp.	14,426		382,145
First Mid Bancshares, Inc.	3,733		88,621
First Midwest Bancorp, Inc.	28,496		377,145
Flushing Financial Corp.	7,762		103,700
FNCB Bancorp, Inc.	6,334		43,768
Franklin Financial Network, Inc.	3,835		78,196
Franklin Financial Services Corp.	1,740		47,763
Fulton Financial Corp.	42,490		488,210
FVCBankcorp, Inc. (A)	4,389		58,461
German American Bancorp, Inc.	6,843		187,840
Glacier Bancorp, Inc.	23,265		791,126
Great Southern Bancorp, Inc.	2,978		120,311
Great Western Bancorp, Inc.	15,117		309,596
Guaranty Bancshares, Inc.	2,944		68,124
Hancock Whitney Corp.	22,954		448,062
Hanmi Financial Corp.	8,655		93,907
HarborOne Bancorp, Inc. (A)	7,864		59,216
Heartland Financial USA, Inc.	9,396		283,759
Heritage Commerce Corp.	12,311		94,425
Heritage Financial Corp.	10,142		202,840
Hilltop Holdings, Inc.	18,775		283,878
Home BancShares, Inc.	41,633		499,180
HomeTrust Bancshares, Inc.	4,960		78,963
Hope Bancorp, Inc.	32,459		266,813
Horizon Bancorp, Inc.	10,420		102,741
Howard Bancorp, Inc. (A)	4,310		46,807
IBERIABANK Corp.	13,905		502,805
Independent Bank Corp. (Massachusetts)	8,900		572,893
Independent Bank Corp. (Michigan)	6,549		84,286
Independent Bank Group, Inc.	9,728		230,359
International Bancshares Corp.	14,688		394,813
Investar Holding Corp.	3,867		49,382
Investors Bancorp, Inc.	60,541		483,723
Lakeland Bancorp, Inc.	13,795		149,124
Lakeland Financial Corp.	6,603		242,660
LCNB Corp.	4,542		57,229

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Live Oak Bancshares, Inc.	7,401	$	92,290
Macatawa Bank Corp.	7,778		55,379
MainStreet Bancshares, Inc. (A)	2,824		47,330
Mercantile Bank Corp.	4,582		97,001
Metropolitan Bank Holding Corp. (A)	2,196		59,138
Mid Penn Bancorp, Inc.	2,849		57,692
Midland States Bancorp, Inc.	6,333		110,764
MidWestOne Financial Group, Inc.	3,722		77,939
MVB Financial Corp.	2,831		36,095
National Bank Holdings Corp., Class A	8,062		192,682
National Bankshares, Inc.	2,153		68,681
NBT Bancorp, Inc.	11,493		372,258
Nicolet Bankshares, Inc. (A)	2,374		129,573
Northeast Bank	2,537		29,581
Northrim BanCorp, Inc.	2,275		61,425
Norwood Financial Corp.	1,939		51,771
OFG Bancorp	13,831		154,631
Ohio Valley Banc Corp.	1,430		42,871
Old National Bancorp	45,060		594,341
Old Second Bancorp, Inc.	8,196		56,634
Opus Bank	6,230		107,966
Origin Bancorp, Inc.	5,164		104,571
Orrstown Financial Services, Inc.	4,012		55,245
Pacific Premier Bancorp, Inc.	15,982		301,101
Park National Corp.	3,409		264,675
Parke Bancorp, Inc.	3,534		47,674
PCB Bancorp	3,839		37,545
Peapack Gladstone Financial Corp.	5,481		98,384
Penns Woods Bancorp, Inc.	2,268		55,112
Peoples Bancorp of North Carolina, Inc.	1,973		40,170
Peoples Bancorp, Inc.	5,084		112,611
Peoples Financial Services Corp.	2,003		79,599
People's Utah Bancorp	4,427		85,751
Preferred Bank	3,940		133,251
Premier Financial Bancorp, Inc.	3,954		49,030
QCR Holdings, Inc.	4,316		116,834
RBB Bancorp	4,644		63,716
Renasant Corp.	14,901		325,438
Republic Bancorp, Inc., Class A	2,716		89,709
Republic First Bancorp, Inc. (A)	14,254		31,216
S&T Bancorp, Inc.	10,056		274,730
Sandy Spring Bancorp, Inc.	9,202		208,333
SB One Bancorp	3,360		57,120
Seacoast Banking Corp. of Florida (A)	13,827		253,172
Select Bancorp, Inc. (A)	5,471		41,744
ServisFirst Bancshares, Inc.	13,107		384,297
Shore Bancshares, Inc.	4,878		52,926
Sierra Bancorp	4,253		74,768
Simmons First National Corp., Class A	25,124		462,282
SmartFinancial, Inc.	3,860		58,711
South State Corp.	8,941		525,105
Southern First Bancshares, Inc. (A)	2,439		69,194
Southern National Bancorp of Virginia, Inc.	6,657		65,505
Southside Bancshares, Inc.	8,702		264,454
Stock Yards Bancorp, Inc.	5,640		163,165
Summit Financial Group, Inc.	3,318		70,375
The Bancorp, Inc. (A)	14,454		87,736
The Bank of NT Butterfield & Son, Ltd.	14,454		246,152
The Bank of Princeton	2,087		48,523
The First Bancshares, Inc.	4,177		79,655
The First of Long Island Corp.	6,849		118,830
Tompkins Financial Corp.	3,795		272,481
Towne Bank	18,044		326,416
TriCo Bancshares	6,950		207,249

 

181

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
TriState Capital Holdings, Inc. (A)	7,071	$	68,377
Triumph Bancorp, Inc. (A)	6,500		169,000
Trustmark Corp.	17,188		400,480
UMB Financial Corp.	11,721		543,620
United Bankshares, Inc.	26,058		601,419
United Community Banks, Inc.	21,388		391,614
Univest Financial Corp.	8,109		132,339
Valley National Bancorp	104,645		764,955
Veritex Holdings, Inc.	13,865		193,694
Washington Trust Bancorp, Inc.	4,166		152,309
WesBanco, Inc.	17,352		411,242
West Bancorporation, Inc.	4,715		77,090
Westamerica Bancorporation	7,026		412,988
			35,350,747
Capital markets – 1.4%
Ares Management Corp., Class A	19,197		593,763
Artisan Partners Asset Management, Inc., Class A	13,971		300,237
Assetmark Financial Holdings, Inc. (A)	3,697		75,382
B. Riley Financial, Inc.	5,870		108,125
Blucora, Inc. (A)	13,516		162,868
Brightsphere Investment Group, Inc.	17,850		114,062
Calamos Asset Management, Inc. (A)(C)	5,450		0
Cohen & Steers, Inc.	6,209		282,199
Cowen, Inc., Class A	7,702		74,401
Diamond Hill Investment Group, Inc.	927		83,652
Donnelley Financial Solutions, Inc. (A)	9,034		47,609
Ellington Financial, Inc.	7,781		44,430
Federated Hermes, Inc.	26,061		496,462
Focus Financial Partners, Inc., Class A (A)(B)	8,558		196,920
Greenhill & Company, Inc.	4,352		42,824
Hamilton Lane, Inc., Class A	6,069		335,676
Houlihan Lokey, Inc.	11,032		574,988
INTL. FCStone, Inc. (A)	4,395		159,363
Moelis & Company, Class A	12,901		362,518
Oppenheimer Holdings, Inc., Class A	2,677		52,898
Piper Sandler Companies	3,592		181,647
PJT Partners, Inc., Class A	6,206		269,278
Pzena Investment Management, Inc., Class A	5,432		24,227
Safeguard Scientifics, Inc.	6,485		35,992
Sculptor Capital Management, Inc. (B)	4,869		65,926
Stifel Financial Corp.	17,856		737,096
Virtus Investment Partners, Inc.	1,814		138,064
Waddell & Reed Financial, Inc., Class A (B)	18,267		207,878
Westwood Holdings Group, Inc.	2,511		45,976
WisdomTree Investments, Inc.	37,813		88,104
			5,902,565
Consumer finance – 0.6%
Curo Group Holdings Corp.	4,697		24,894
Encore Capital Group, Inc. (A)	8,313		194,358
Enova International, Inc. (A)	8,798		127,483
EZCORP, Inc., Class A (A)	14,300		59,631
FirstCash, Inc.	11,081		794,951
Green Dot Corp., Class A (A)	13,047		331,263
LendingClub Corp. (A)	18,405		144,479
Medallion Financial Corp. (A)	6,206		11,543
Nelnet, Inc., Class A	4,615		209,567
Oportun Financial Corp. (A)	1,801		19,001
PRA Group, Inc. (A)	12,209		338,433
Regional Management Corp. (A)	2,538		34,669

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer finance (continued)
World Acceptance Corp. (A)	1,470	$	80,277
			2,370,549
Diversified financial services – 0.3%
Banco Latinoamericano de Comercio Exterior SA, Class E	8,615		88,821
Cannae Holdings, Inc. (A)	18,624		623,718
FGL Holdings (B)	39,766		389,707
Marlin Business Services Corp.	2,657		29,679
NewStar Financial, Inc. (A)(C)	8,978		2,168
On Deck Capital, Inc. (A)	18,327		28,224
			1,162,317
Insurance – 2.6%
Ambac Financial Group, Inc. (A)	12,543		154,781
American Equity Investment Life Holding Company	24,242		455,750
AMERISAFE, Inc.	5,236		337,565
Argo Group International Holdings, Ltd.	8,808		326,424
Benefytt Technologies, Inc. (A)(B)	2,704		60,543
BRP Group, Inc., Class A (A)	3,937		41,535
Citizens, Inc. (A)(B)	13,973		91,104
CNO Financial Group, Inc.	39,986		495,427
Crawford & Company, Class A	4,655		33,516
eHealth, Inc. (A)	6,180		870,268
Employers Holdings, Inc.	8,470		343,120
Enstar Group, Ltd. (A)	3,048		484,784
FBL Financial Group, Inc., Class A	2,654		123,862
FedNat Holding Company	3,714		42,637
Genworth Financial, Inc., Class A (A)	136,702		453,851
Global Indemnity, Ltd.	2,450		62,475
Goosehead Insurance, Inc., Class A (A)	3,114		138,978
Greenlight Capital Re, Ltd., Class A (A)	8,944		53,217
Hallmark Financial Services, Inc. (A)	4,018		16,233
HCI Group, Inc.	1,822		73,336
Heritage Insurance Holdings, Inc.	7,503		80,357
Horace Mann Educators Corp.	11,230		410,906
Investors Title Company	446		57,088
James River Group Holdings, Ltd.	8,079		292,783
Kinsale Capital Group, Inc.	5,600		585,368
MBIA, Inc. (A)	21,261		151,804
National General Holdings Corp.	18,040		298,562
National Western Life Group, Inc., Class A	585		100,620
Palomar Holdings, Inc. (A)	3,671		213,505
ProAssurance Corp.	14,513		362,825
ProSight Global, Inc. (A)	2,372		23,127
Protective Insurance Corp., Class B	3,150		43,313
RLI Corp.	10,793		949,028
Safety Insurance Group, Inc.	3,994		337,213
Selective Insurance Group, Inc.	15,738		782,179
State Auto Financial Corp.	4,788		133,059
Stewart Information Services Corp.	6,405		170,821
Third Point Reinsurance, Ltd. (A)	20,883		154,743
Tiptree, Inc.	8,376		43,723
Trupanion, Inc. (A)	8,031		209,047
United Fire Group, Inc.	5,858		191,029
United Insurance Holdings Corp.	6,169		57,002
Universal Insurance Holdings, Inc.	8,071		144,632
Watford Holdings, Ltd. (A)	4,987		73,060
			10,525,200
Mortgage real estate investment trusts – 0.7%
AG Mortgage Investment Trust, Inc. (B)	9,590		26,277
Anworth Mortgage Asset Corp.	30,387		34,337
Apollo Commercial Real Estate Finance, Inc.	41,731		309,644

 

182

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mortgage real estate investment trusts (continued)
Ares Commercial Real Estate Corp.	8,012	$	56,004
Arlington Asset Investment Corp., Class A	11,501		25,187
ARMOUR Residential REIT, Inc. (B)	16,054		141,436
Blackstone Mortgage Trust, Inc., Class A	33,636		626,302
Capstead Mortgage Corp.	24,872		104,462
Cherry Hill Mortgage Investment Corp.	4,968		30,802
Colony Credit Real Estate, Inc.	22,811		89,875
Dynex Capital, Inc. (B)	7,187		75,032
Exantas Capital Corp.	9,416		25,988
Granite Point Mortgage Trust, Inc.	14,612		74,083
Great Ajax Corp.	5,715		36,347
Invesco Mortgage Capital, Inc.	38,376		130,862
KKR Real Estate Finance Trust, Inc. (B)	6,348		95,283
Ladder Capital Corp.	28,456		134,881
New York Mortgage Trust, Inc.	69,548		107,799
Orchid Island Capital, Inc. (B)	17,019		50,206
PennyMac Mortgage Investment Trust	22,616		240,182
Ready Capital Corp.	8,765		63,283
Redwood Trust, Inc.	29,064		147,064
TPG RE Finance Trust, Inc.	12,910		70,876
Western Asset Mortgage Capital Corp.	13,614		31,176
			2,727,388
Thrifts and mortgage finance – 1.8%
Axos Financial, Inc. (A)	15,594		282,719
Bridgewater Bancshares, Inc. (A)	7,659		74,675
Capitol Federal Financial, Inc.	35,782		415,429
Columbia Financial, Inc. (A)	13,843		199,339
ESSA Bancorp, Inc.	3,655		49,891
Essent Group, Ltd.	25,834		680,468
Federal Agricultural Mortgage Corp., Class C	2,410		134,068
First Defiance Financial Corp.	10,445		153,959
Flagstar Bancorp, Inc.	8,111		160,841
FS Bancorp, Inc.	1,462		52,632
Hingham Institution for Savings	441		63,941
Home Bancorp, Inc.	2,486		60,708
HomeStreet, Inc.	6,319		140,471
Kearny Financial Corp.	21,961		188,645
Luther Burbank Corp.	6,175		56,625
Merchants Bancorp	2,722		41,320
Meridian Bancorp, Inc.	13,770		154,499
Meta Financial Group, Inc.	9,496		206,253
MMA Capital Holdings, Inc. (A)	1,542		38,134
Mr. Cooper Group, Inc. (A)	20,427		149,730
NMI Holdings, Inc., Class A (A)	17,966		208,585
Northfield Bancorp, Inc.	12,708		142,203
Northwest Bancshares, Inc.	27,222		314,959
OceanFirst Financial Corp.	14,254		226,781
Ocwen Financial Corp. (A)	38,977		19,489
OP Bancorp	5,074		37,852
PCSB Financial Corp.	4,981		69,684
PDL Community Bancorp (A)	3,574		36,705
PennyMac Financial Services, Inc.	6,765		149,574
Pioneer Bancorp, Inc. (A)	3,124		32,427
Provident Bancorp, Inc. (A)	3,371		29,058
Provident Financial Services, Inc.	15,897		204,435
Radian Group, Inc.	53,952		698,678
Riverview Bancorp, Inc.	8,172		40,942
Southern Missouri Bancorp, Inc.	2,365		57,399
Sterling Bancorp, Inc.	5,758		24,759
Territorial Bancorp, Inc.	2,461		60,418
Timberland Bancorp, Inc.	2,152		39,360
TrustCo Bank Corp.	27,668		149,684
Walker & Dunlop, Inc.	7,458		300,334

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Washington Federal, Inc.	20,845	$	541,136
Waterstone Financial, Inc.	7,454		108,381
Western New England Bancorp, Inc.	8,517		57,575
WSFS Financial Corp.	13,523		336,993
			7,191,758
			65,230,524
Health care – 20.6%
Biotechnology – 9.0%
89bio, Inc. (A)	394		9,949
Abeona Therapeutics, Inc. (A)	11,931		25,055
ACADIA Pharmaceuticals, Inc. (A)	30,510		1,289,048
Acceleron Pharma, Inc. (A)	12,236		1,099,649
Achillion Pharmaceuticals, Inc. (A)(C)	38,157		17,552
Acorda Therapeutics, Inc. (A)	13,647		12,727
Adamas Pharmaceuticals, Inc. (A)	7,054		20,386
ADMA Biologics, Inc. (A)(B)	15,612		44,963
Aduro Biotech, Inc. (A)	14,861		40,719
Adverum Biotechnologies, Inc. (A)	16,111		157,404
Aeglea BioTherapeutics, Inc. (A)	8,175		38,096
Affimed NV (A)	21,247		33,570
Agenus, Inc. (A)	30,554		74,857
Aimmune Therapeutics, Inc. (A)(B)	12,497		180,207
Akcea Therapeutics, Inc. (A)	3,698		52,881
Akebia Therapeutics, Inc. (A)	32,990		250,064
Akero Therapeutics, Inc. (A)(B)	1,529		32,415
Albireo Pharma, Inc. (A)	3,274		53,595
Alder Biopharmaceuticals, Inc. (A)(B)(C)	20,275		27,493
Aldeyra Therapeutics, Inc. (A)	6,865		16,957
Alector, Inc. (A)(B)	8,656		208,869
Allakos, Inc. (A)(B)	5,302		235,886
Allogene Therapeutics, Inc. (A)(B)	10,834		210,613
AMAG Pharmaceuticals, Inc. (A)	9,681		59,829
Amicus Therapeutics, Inc. (A)	69,883		645,719
AnaptysBio, Inc. (A)	6,980		98,627
Anavex Life Sciences Corp. (A)	13,647		42,988
Anika Therapeutics, Inc. (A)	3,709		107,227
Apellis Pharmaceuticals, Inc. (A)	14,809		396,733
Applied Therapeutics, Inc. (A)	1,847		60,378
Aprea Therapeutics, Inc. (A)	1,801		62,603
Arcus Biosciences, Inc. (A)	9,578		132,943
Arcutis Biotherapeutics, Inc. (A)	2,430		72,414
Ardelyx, Inc. (A)	14,722		83,695
Arena Pharmaceuticals, Inc. (A)	13,793		579,306
Arrowhead Pharmaceuticals, Inc. (A)	26,480		761,830
Assembly Biosciences, Inc. (A)	6,883		102,075
Atara Biotherapeutics, Inc. (A)	14,507		123,455
Athenex, Inc. (A)(B)	19,146		148,190
Athersys, Inc. (A)(B)	42,122		126,366
Atreca, Inc., Class A (A)	4,056		67,127
Avid Bioservices, Inc. (A)(B)	15,818		80,830
Avrobio, Inc. (A)(B)	5,923		92,162
Beam Therapeutics, Inc. (A)	2,238		40,284
Beyondspring, Inc. (A)(B)	3,896		49,908
BioCryst Pharmaceuticals, Inc. (A)	41,803		83,606
Biohaven Pharmaceutical Holding Company, Ltd. (A)(B)	10,930		371,948
BioSpecifics Technologies Corp. (A)	1,875		106,069
Bioxcel Therapeutics, Inc. (A)	2,161		48,298
Black Diamond Therapeutics, Inc. (A)	2,833		70,683
Blueprint Medicines Corp. (A)	14,042		821,176
Bridgebio Pharma, Inc. (A)(B)	19,446		563,934
Calithera Biosciences, Inc. (A)	14,011		62,209
CareDx, Inc. (A)(B)	11,455		250,063
CASI Pharmaceuticals, Inc. (A)(B)	15,524		31,669
Castle Biosciences, Inc. (A)	2,036		60,693

 

183

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Catalyst Pharmaceuticals, Inc. (A)(B)	26,994	$	103,927
Cellular Biomedicine Group, Inc. (A)(B)	3,590		56,794
CEL-SCI Corp. (A)(B)	8,315		95,955
Checkpoint Therapeutics, Inc. (A)	5,448		8,226
ChemoCentryx, Inc. (A)	11,137		447,485
Chimerix, Inc. (A)	14,551		20,953
Clovis Oncology, Inc. (A)(B)	14,164		90,083
Coherus Biosciences, Inc. (A)	17,200		278,984
Concert Pharmaceuticals, Inc. (A)	6,367		56,284
Constellation Pharmaceuticals, Inc. (A)(B)	4,508		141,686
Corbus Pharmaceuticals Holdings, Inc. (A)	17,742		92,968
Cortexyme, Inc. (A)	3,137		143,079
Crinetics Pharmaceuticals, Inc. (A)(B)	3,351		49,260
Cue Biopharma, Inc. (A)	6,044		85,764
Cyclerion Therapeutics, Inc. (A)	4,777		12,659
Cytokinetics, Inc. (A)(B)	15,745		185,634
CytomX Therapeutics, Inc. (A)	13,273		101,804
Deciphera Pharmaceuticals, Inc. (A)	5,432		223,635
Denali Therapeutics, Inc. (A)(B)	13,522		236,770
Dicerna Pharmaceuticals, Inc. (A)	14,276		262,250
Dynavax Technologies Corp. (A)(B)	23,906		84,388
Eagle Pharmaceuticals, Inc. (A)	2,530		116,380
Editas Medicine, Inc. (A)(B)	14,236		282,300
Eidos Therapeutics, Inc. (A)(B)	3,096		151,673
Eiger BioPharmaceuticals, Inc. (A)	6,973		47,416
Emergent BioSolutions, Inc. (A)	12,422		718,737
Enanta Pharmaceuticals, Inc. (A)	4,820		247,893
Epizyme, Inc. (A)	21,305		330,441
Esperion Therapeutics, Inc. (A)(B)	6,970		219,764
Fate Therapeutics, Inc. (A)(B)	16,652		369,841
FibroGen, Inc. (A)	21,416		744,206
Five Prime Therapeutics, Inc. (A)	10,595		24,051
Flexion Therapeutics, Inc. (A)(B)	9,571		75,324
Forty Seven, Inc. (A)	6,726		641,795
Frequency Therapeutics, Inc. (A)	681		12,129
G1 Therapeutics, Inc. (A)	9,511		104,811
Galectin Therapeutics, Inc. (A)(B)	12,203		23,918
Geron Corp. (A)(B)	53,863		64,097
Global Blood Therapeutics, Inc. (A)(B)	15,732		803,748
GlycoMimetics, Inc. (A)	10,230		23,324
Gossamer Bio, Inc. (A)	12,051		122,318
Gritstone Oncology, Inc. (A)(B)	7,321		42,608
Halozyme Therapeutics, Inc. (A)	36,757		661,258
Heron Therapeutics, Inc. (A)	23,077		270,924
Homology Medicines, Inc. (A)	7,163		111,313
Hookipa Pharma, Inc. (A)	3,002		24,767
IGM Biosciences, Inc. (A)	1,388		77,936
ImmunoGen, Inc. (A)	43,096		146,957
Immunomedics, Inc. (A)(B)	49,745		670,563
Inovio Pharmaceuticals, Inc. (A)(B)	27,090		201,550
Insmed, Inc. (A)(B)	24,321		389,866
Intellia Therapeutics, Inc. (A)(B)	11,097		135,716
Intercept Pharmaceuticals, Inc. (A)	6,886		433,543
Invitae Corp. (A)(B)	23,992		327,971
Iovance Biotherapeutics, Inc. (A)	31,762		950,795
Ironwood Pharmaceuticals, Inc. (A)(B)	42,396		427,776
Jounce Therapeutics, Inc. (A)	4,844		23,009
Kadmon Holdings, Inc. (A)	43,252		181,226
KalVista Pharmaceuticals, Inc. (A)	3,645		27,884
Karuna Therapeutics, Inc. (A)	2,606		187,632
Karyopharm Therapeutics, Inc. (A)	16,508		317,119
Kezar Life Sciences, Inc. (A)	6,515		28,405
Kindred Biosciences, Inc. (A)	11,006		44,024

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Kiniksa Pharmaceuticals, Ltd., Class A (A)	4,068	$	62,973
Kodiak Sciences, Inc. (A)(B)	7,400		352,980
Krystal Biotech, Inc. (A)(B)	2,900		125,396
Kura Oncology, Inc. (A)	9,737		96,883
La Jolla Pharmaceutical Company (A)	6,527		27,413
Lexicon Pharmaceuticals, Inc. (A)(B)	12,722		24,808
Ligand Pharmaceuticals, Inc. (A)(B)	4,630		336,694
Lineage Cell Therapeutics, Inc. (A)(B)	36,073		29,872
MacroGenics, Inc. (A)	13,420		78,104
Madrigal Pharmaceuticals, Inc. (A)(B)	2,200		146,872
Magenta Therapeutics, Inc. (A)	5,755		36,141
MannKind Corp. (A)(B)	54,772		56,415
MediciNova, Inc. (A)(B)	12,479		46,422
MEI Pharma, Inc. (A)	21,303		34,298
MeiraGTx Holdings PLC (A)	4,953		66,568
Mersana Therapeutics, Inc. (A)	10,549		61,501
Millendo Therapeutics, Inc. (A)	2,145		11,326
Minerva Neurosciences, Inc. (A)	8,702		52,386
Mirati Therapeutics, Inc. (A)	7,794		599,125
Molecular Templates, Inc. (A)	4,957		65,879
Momenta Pharmaceuticals, Inc. (A)	29,684		807,405
Morphic Holding, Inc. (A)(B)	1,982		29,096
Mustang Bio, Inc. (A)	3,691		9,892
Myriad Genetics, Inc. (A)	19,388		277,442
Natera, Inc. (A)	17,070		509,710
NextCure, Inc. (A)	3,874		143,609
Novavax, Inc. (A)	8,193		111,261
OPKO Health, Inc. (A)(B)	106,838		143,163
Oyster Point Pharma, Inc. (A)	1,613		56,455
Palatin Technologies, Inc. (A)(B)	65,321		27,670
PDL BioPharma, Inc. (A)	33,050		93,201
Pfenex, Inc. (A)	8,536		75,288
Pieris Pharmaceuticals, Inc. (A)	14,196		32,367
Portola Pharmaceuticals, Inc. (A)(B)	20,900		149,017
Precigen, Inc. (A)(B)	20,703		70,390
Precision BioSciences, Inc. (A)	9,952		60,011
Prevail Therapeutics, Inc. (A)	2,957		36,046
Principia Biopharma, Inc. (A)	5,013		297,672
Progenics Pharmaceuticals, Inc. (A)	24,422		92,804
Protagonist Therapeutics, Inc. (A)	5,284		37,305
Prothena Corp. PLC (A)	11,414		122,130
PTC Therapeutics, Inc. (A)	16,448		733,745
Puma Biotechnology, Inc. (A)	9,043		76,323
Ra Pharmaceuticals, Inc. (A)	9,524		457,247
Radius Health, Inc. (A)(B)	12,578		163,514
REGENXBIO, Inc. (A)	9,187		297,475
Replimune Group, Inc. (A)	3,821		38,095
Retrophin, Inc. (A)	11,682		170,440
Rhythm Pharmaceuticals, Inc. (A)	8,109		123,419
Rigel Pharmaceuticals, Inc. (A)	48,530		75,707
Rocket Pharmaceuticals, Inc. (A)	8,387		116,999
Rubius Therapeutics, Inc. (A)	10,242		45,577
Sangamo Therapeutics, Inc. (A)	32,308		205,802
Savara, Inc. (A)	10,277		21,787
Scholar Rock Holding Corp. (A)	5,310		64,304
Seres Therapeutics, Inc. (A)	11,373		40,602
Solid Biosciences, Inc. (A)	5,996		14,330
Sorrento Therapeutics, Inc. (A)(B)	35,413		65,160
Spectrum Pharmaceuticals, Inc. (A)	31,575		73,570
Spero Therapeutics, Inc. (A)	3,649		29,484
SpringWorks Therapeutics, Inc. (A)(B)	2,871		77,517
Stemline Therapeutics, Inc. (A)	12,819		62,044
Stoke Therapeutics, Inc. (A)	4,014		91,921
Sutro Biopharma, Inc. (A)	3,504		35,741

 

184

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Syndax Pharmaceuticals, Inc. (A)	5,963	$	65,414
Synergy Pharmaceuticals, Inc. (A)(C)	80,513		233
Syros Pharmaceuticals, Inc. (A)	10,270		60,901
TCR2 Therapeutics, Inc. (A)(B)	3,501		27,098
TG Therapeutics, Inc. (A)	23,778		233,976
Translate Bio, Inc. (A)(B)	9,686		96,569
Turning Point Therapeutics, Inc. (A)	7,600		339,416
Twist Bioscience Corp. (A)	6,266		191,614
Ultragenyx Pharmaceutical, Inc. (A)	14,885		661,341
UNITY Biotechnology, Inc. (A)	8,363		48,505
UroGen Pharma, Ltd. (A)(B)	5,354		95,515
Vanda Pharmaceuticals, Inc. (A)	14,705		152,344
VBI Vaccines, Inc. (A)	44,549		42,322
Veracyte, Inc. (A)	13,000		316,030
Vericel Corp. (A)	12,357		113,314
Viela Bio, Inc. (A)	1,494		56,772
Viking Therapeutics, Inc. (A)(B)	18,106		84,736
Vir Biotechnology, Inc. (A)	1,619		55,483
Voyager Therapeutics, Inc. (A)(B)	6,919		63,309
X4 Pharmaceuticals, Inc. (A)	3,626		36,260
XBiotech, Inc. (A)	4,280		45,454
Xencor, Inc. (A)	13,047		389,844
Y-mAbs Therapeutics, Inc. (A)	6,426		167,719
ZIOPHARM Oncology, Inc. (A)	44,974		110,186
			36,152,736
Health care equipment and supplies – 4.5%
Accuray, Inc. (A)	26,303		49,976
Alphatec Holdings, Inc. (A)(B)	10,821		37,332
AngioDynamics, Inc. (A)	10,221		106,605
Antares Pharma, Inc. (A)	45,491		107,359
Apyx Medical Corp. (A)	9,616		34,521
AtriCure, Inc. (A)	10,296		345,843
Atrion Corp.	387		251,550
Avanos Medical, Inc. (A)	12,850		346,051
Axogen, Inc. (A)	9,710		100,984
Axonics Modulation Technologies, Inc. (A)(B)	4,207		106,900
BioLife Solutions, Inc. (A)(B)	1,943		18,459
BioSig Technologies, Inc. (A)(B)	4,725		19,798
Cardiovascular Systems, Inc. (A)	9,457		332,981
Cerus Corp. (A)	38,690		179,909
Conformis, Inc. (A)(B)	18,997		11,968
CONMED Corp.	7,361		421,564
CryoLife, Inc. (A)	10,087		170,672
CryoPort, Inc. (A)(B)	8,679		148,151
Cutera, Inc. (A)	3,934		51,378
CytoSorbents Corp. (A)(B)	9,642		74,533
GenMark Diagnostics, Inc. (A)(B)	15,634		64,412
Glaukos Corp. (A)	10,610		327,425
Globus Medical, Inc., Class A (A)	20,491		871,482
Haemonetics Corp. (A)	13,585		1,353,881
Heska Corp. (A)(B)	1,945		107,559
Inogen, Inc. (A)	4,987		257,628
Integer Holdings Corp. (A)	8,762		550,779
IntriCon Corp. (A)	2,352		27,683
Invacare Corp.	9,478		70,422
iRhythm Technologies, Inc. (A)	7,186		584,581
Lantheus Holdings, Inc. (A)	10,556		134,695
LeMaitre Vascular, Inc.	4,538		113,087
LivaNova PLC (A)	13,129		594,087
Meridian Bioscience, Inc. (A)	11,941		100,304
Merit Medical Systems, Inc. (A)	14,470		452,188
Mesa Laboratories, Inc.	1,031		233,099
Misonix, Inc. (A)	2,294		21,609
Natus Medical, Inc. (A)	9,190		212,565

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Neogen Corp. (A)	13,989	$	937,123
Nevro Corp. (A)	8,114		811,238
Novocure, Ltd. (A)	23,430		1,577,776
NuVasive, Inc. (A)	14,002		709,341
OraSure Technologies, Inc. (A)	17,412		187,353
Orthofix Medical, Inc. (A)	5,009		140,302
OrthoPediatrics Corp. (A)	2,524		100,051
Pulse Biosciences, Inc. (A)(B)	3,363		24,079
Quidel Corp. (A)	9,675		946,312
Rockwell Medical, Inc. (A)(B)	18,935		38,817
RTI Surgical Holdings, Inc. (A)	17,814		30,462
SeaSpine Holdings Corp. (A)	4,828		39,445
Senseonics Holdings, Inc. (A)(B)	39,053		24,740
Shockwave Medical, Inc. (A)(B)	6,933		230,037
SI-BONE, Inc. (A)	4,530		54,134
Sientra, Inc. (A)	10,934		21,759
Silk Road Medical, Inc. (A)	4,301		135,395
STAAR Surgical Company (A)	12,139		391,604
Surmodics, Inc. (A)	3,698		123,217
Tactile Systems Technology, Inc. (A)	5,063		203,330
Tandem Diabetes Care, Inc. (A)	15,101		971,749
TransMedics Group, Inc. (A)(B)	3,904		47,160
Utah Medical Products, Inc.	1,031		96,966
Vapotherm, Inc. (A)	4,325		81,440
Varex Imaging Corp. (A)	10,255		232,891
ViewRay, Inc. (A)(B)	23,354		58,385
Wright Medical Group NV (A)(B)	33,970		973,241
Zynex, Inc. (A)	4,455		49,317
			18,231,684
Health care providers and services – 2.4%
1Life Healthcare, Inc. (A)	2,208		40,075
Addus HomeCare Corp. (A)	3,197		216,117
Amedisys, Inc. (A)	8,451		1,551,097
American Renal Associates Holdings, Inc. (A)	5,377		35,542
AMN Healthcare Services, Inc. (A)	12,376		715,457
Apollo Medical Holdings, Inc. (A)	1,956		25,272
BioTelemetry, Inc. (A)	9,135		351,789
Brookdale Senior Living, Inc. (A)	51,230		159,838
Catasys, Inc. (A)	2,110		32,135
Community Health Systems, Inc. (A)(B)	24,388		81,456
CorVel Corp. (A)	2,414		131,587
Cross Country Healthcare, Inc. (A)	10,277		69,267
Enzo Biochem, Inc. (A)	13,512		34,185
Genesis Healthcare, Inc. (A)	25,508		21,493
Hanger, Inc. (A)	10,043		156,470
HealthEquity, Inc. (A)	18,673		944,667
LHC Group, Inc. (A)	8,115		1,137,723
Magellan Health, Inc. (A)	5,906		284,138
National HealthCare Corp.	3,236		232,118
National Research Corp.	3,363		152,949
Option Care Health, Inc. (A)	8,629		81,717
Owens & Minor, Inc.	17,359		158,835
Patterson Companies, Inc.	22,599		345,539
PetIQ, Inc. (A)	5,515		128,113
Progyny, Inc. (A)	3,102		65,731
R1 RCM, Inc. (A)	28,300		257,247
RadNet, Inc. (A)	11,752		123,514
Select Medical Holdings Corp. (A)	29,920		448,800
Surgery Partners, Inc. (A)	6,737		43,993
Tenet Healthcare Corp. (A)	27,909		401,890
The Ensign Group, Inc.	13,706		515,483
The Joint Corp. (A)	3,726		40,427
The Pennant Group, Inc. (A)	7,046		99,771
The Providence Service Corp. (A)	3,188		174,957

 

185

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Tivity Health, Inc. (A)(B)	13,106	$	82,437
Triple-S Management Corp., Class B (A)	6,313		89,013
US Physical Therapy, Inc.	3,438		237,222
			9,668,064
Health care technology – 1.7%
Allscripts Healthcare Solutions, Inc. (A)	44,254		311,548
Castlight Health, Inc., B Shares (A)	31,131		22,511
Computer Programs & Systems, Inc.	3,640		80,990
Evolent Health, Inc., Class A (A)	20,928		113,639
Health Catalyst, Inc. (A)	3,695		96,624
HealthStream, Inc. (A)	7,197		172,368
HMS Holdings Corp. (A)	23,741		599,935
Inovalon Holdings, Inc., Class A (A)	19,726		328,635
Inspire Medical Systems, Inc. (A)	3,645		219,721
Livongo Health, Inc. (A)	12,319		351,461
NextGen Healthcare, Inc. (A)	15,089		157,529
Omnicell, Inc. (A)	11,184		733,447
OptimizeRx Corp. (A)	3,984		36,095
Phreesia, Inc. (A)	4,893		102,900
Schrodinger, Inc. (A)	2,613		112,673
Simulations Plus, Inc.	3,339		116,598
Tabula Rasa HealthCare, Inc. (A)(B)	5,355		280,013
Teladoc Health, Inc. (A)	19,433		3,012,269
Vocera Communications, Inc. (A)(B)	8,570		182,027
			7,030,983
Life sciences tools and services – 1.1%
Accelerate Diagnostics, Inc. (A)(B)	7,669		63,883
ChromaDex Corp. (A)(B)	13,139		42,833
Codexis, Inc. (A)(B)	14,674		163,762
Fluidigm Corp. (A)	19,917		50,589
Luminex Corp.	11,432		314,723
Medpace Holdings, Inc. (A)	7,568		555,340
NanoString Technologies, Inc. (A)	9,265		222,823
NeoGenomics, Inc. (A)	25,834		713,277
Pacific Biosciences of California, Inc. (A)(B)	39,600		121,176
Personalis, Inc. (A)	2,544		20,530
Quanterix Corp. (A)	3,613		66,371
Repligen Corp. (A)	14,187		1,369,613
Syneos Health, Inc. (A)	16,826		663,281
			4,368,201
Pharmaceuticals – 1.9%
AcelRx Pharmaceuticals, Inc. (A)(B)	23,239		27,422
Aerie Pharmaceuticals, Inc. (A)	11,813		159,476
Akorn, Inc. (A)	26,830		15,057
Amneal Pharmaceuticals, Inc. (A)(B)	32,897		114,482
Amphastar Pharmaceuticals, Inc. (A)	10,105		149,958
ANI Pharmaceuticals, Inc. (A)	2,569		104,661
Arvinas, Inc. (A)	5,810		234,143
Axsome Therapeutics, Inc. (A)	7,125		419,164
BioDelivery Sciences International, Inc. (A)	23,808		90,232
Cara Therapeutics, Inc. (A)(B)	11,143		147,199
Cerecor, Inc. (A)	6,766		16,780
Chiasma, Inc. (A)	10,188		37,186
Collegium Pharmaceutical, Inc. (A)	8,901		145,353
Corcept Therapeutics, Inc. (A)(B)	26,195		311,459
Corium International, Inc. (A)(B)(C)	8,600		1,548
CorMedix, Inc. (A)	7,260		26,063
Cymabay Therapeutics, Inc. (A)	20,424		30,228
Elanco Animal Health, Inc. (A)(C)	15,082		0
Eloxx Pharmaceuticals, Inc. (A)	7,579		14,855
Endo International PLC (A)	61,148		226,248
Evolus, Inc. (A)(B)	5,216		21,646

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
EyePoint Pharmaceuticals, Inc. (A)(B)	19,430	$	19,819
Fulcrum Therapeutics, Inc. (A)	2,133		25,468
Innoviva, Inc. (A)	17,515		205,976
Intersect ENT, Inc. (A)	8,588		101,768
Intra-Cellular Therapies, Inc. (A)	13,584		208,786
Kala Pharmaceuticals, Inc. (A)	5,259		46,227
Kaleido Biosciences, Inc. (A)	1,857		11,421
Lannett Company, Inc. (A)(B)	8,915		61,959
Liquidia Technologies, Inc. (A)	2,089		9,839
Mallinckrodt PLC (A)(B)	23,793		47,110
Marinus Pharmaceuticals, Inc. (A)(B)	19,179		38,933
Menlo Therapeutics, Inc. (A)	10,001		26,803
MyoKardia, Inc. (A)	12,130		568,654
NGM Biopharmaceuticals, Inc. (A)(B)	6,695		82,549
Ocular Therapeutix, Inc. (A)	12,548		62,113
Odonate Therapeutics, Inc. (A)	3,080		85,039
Omeros Corp. (A)(B)	13,111		175,294
Optinose, Inc. (A)(B)	7,418		33,307
Pacira BioSciences, Inc. (A)	11,163		374,295
Paratek Pharmaceuticals, Inc. (A)(B)	9,861		31,062
Phathom Pharmaceuticals, Inc. (A)	3,011		77,744
Phibro Animal Health Corp., Class A	5,864		141,733
Prestige Consumer Healthcare, Inc. (A)	13,692		502,223
Reata Pharmaceuticals, Inc., Class A (A)(B)	6,126		884,227
Recro Pharma, Inc. (A)	5,597		45,727
Revance Therapeutics, Inc. (A)	12,544		185,651
Satsuma Pharmaceuticals, Inc. (A)	503		10,825
SIGA Technologies, Inc. (A)	16,066		76,795
Strongbridge Biopharma PLC (A)	5,108		9,654
Supernus Pharmaceuticals, Inc. (A)	13,598		244,628
TherapeuticsMD, Inc. (A)(B)	61,703		65,405
Theravance Biopharma, Inc. (A)(B)	12,478		288,367
Tricida, Inc. (A)	6,150		135,300
Verrica Pharmaceuticals, Inc. (A)(B)	3,890		42,518
WaVe Life Sciences, Ltd. (A)(B)	6,405		60,015
Xeris Pharmaceuticals, Inc. (A)	7,931		15,465
Zogenix, Inc. (A)(B)	11,645		287,981
Zynerba Pharmaceuticals, Inc. (A)(B)	6,686		25,607
			7,609,447
			83,061,115
Industrials – 14.8%
Aerospace and defense – 1.4%
AAR Corp.	9,135		162,238
Aerojet Rocketdyne Holdings, Inc. (A)	19,636		821,374
AeroVironment, Inc. (A)	5,787		352,776
Astronics Corp. (A)	6,439		59,110
Axon Enterprise, Inc. (A)	15,714		1,112,080
Cubic Corp.	8,467		349,772
Ducommun, Inc. (A)	3,027		75,221
Kratos Defense & Security Solutions, Inc. (A)	24,579		340,173
Maxar Technologies, Inc. (B)	16,656		177,886
Mercury Systems, Inc. (A)	14,608		1,042,135
Moog, Inc., Class A	8,255		417,125
National Presto Industries, Inc.	1,340		94,885
Park Aerospace Corp.	5,569		70,169
Parsons Corp. (A)	5,282		168,813
Triumph Group, Inc.	13,710		92,680
Vectrus, Inc. (A)	3,146		130,276
			5,466,713
Air freight and logistics – 0.4%
Air Transport Services Group, Inc. (A)	15,923		291,072
Atlas Air Worldwide Holdings, Inc. (A)	6,436		165,212

 

186

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
Echo Global Logistics, Inc. (A)	7,412	$	126,597
Forward Air Corp.	7,602		385,041
Hub Group, Inc., Class A (A)	8,779		399,181
Radiant Logistics, Inc. (A)	11,333		43,859
			1,410,962
Airlines – 0.3%
Allegiant Travel Company	3,479		284,582
Hawaiian Holdings, Inc.	12,130		126,637
Mesa Air Group, Inc. (A)	6,335		20,842
SkyWest, Inc.	13,203		345,787
Spirit Airlines, Inc. (A)	18,329		236,261
			1,014,109
Building products – 1.5%
AAON, Inc.	10,985		530,795
Advanced Drainage Systems, Inc.	11,363		334,527
American Woodmark Corp. (A)	4,618		210,442
Apogee Enterprises, Inc.	7,107		147,968
Builders FirstSource, Inc. (A)	31,065		379,925
Caesarstone, Ltd.	6,540		69,128
Cornerstone Building Brands, Inc. (A)	13,435		61,264
CSW Industrials, Inc.	4,011		260,113
Gibraltar Industries, Inc. (A)	8,748		375,464
Griffon Corp.	10,175		128,714
Insteel Industries, Inc.	5,201		68,913
JELD-WEN Holding, Inc. (A)	18,293		177,991
Masonite International Corp. (A)	6,676		316,776
Patrick Industries, Inc.	6,217		175,071
PGT Innovations, Inc. (A)	15,806		132,612
Quanex Building Products Corp.	9,374		94,490
Simpson Manufacturing Company, Inc.	11,927		739,235
Trex Company, Inc. (A)	15,787		1,265,170
Universal Forest Products, Inc.	16,024		595,933
			6,064,531
Commercial services and supplies – 2.5%
ABM Industries, Inc.	17,795		433,486
ACCO Brands Corp.	26,928		135,986
Advanced Disposal Services, Inc. (A)	19,267		631,958
Brady Corp., Class A	12,895		581,951
BrightView Holdings, Inc. (A)(B)	8,687		96,078
Casella Waste Systems, Inc., Class A (A)	12,411		484,774
CECO Environmental Corp. (A)	9,458		44,169
Cimpress PLC (A)	5,076		270,043
Covanta Holding Corp.	32,158		274,951
Deluxe Corp.	11,489		297,910
Ennis, Inc.	7,088		133,113
Harsco Corp. (A)	21,537		150,113
Healthcare Services Group, Inc.	20,104		480,687
Heritage-Crystal Clean, Inc. (A)	4,419		71,765
Herman Miller, Inc.	15,934		353,735
HNI Corp.	11,551		290,970
Interface, Inc.	15,558		117,618
Kimball International, Inc., Class B	10,193		121,399
Knoll, Inc.	13,667		141,043
Matthews International Corp., Class A	8,265		199,930
McGrath RentCorp	6,510		340,994
Mobile Mini, Inc.	11,909		312,373
MSA Safety, Inc.	9,479		959,275
PICO Holdings, Inc. (A)	6,651		51,745
Pitney Bowes, Inc.	47,372		96,639
Quad/Graphics, Inc.	9,392		23,668
RR Donnelley & Sons Company	20,359		19,514
SP Plus Corp. (A)	6,242		129,522
Steelcase, Inc., Class A	23,732		234,235
Team, Inc. (A)	8,426		54,769

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Tetra Tech, Inc.	14,731	$	1,040,303
The Brink's Company	13,426		698,823
UniFirst Corp.	4,011		606,022
US Ecology, Inc.	6,385		194,104
Viad Corp.	5,495		116,659
VSE Corp.	2,566		42,057
			10,232,381
Construction and engineering – 1.0%
Aegion Corp. (A)	8,655		155,184
Ameresco, Inc., Class A (A)	6,407		109,111
Arcosa, Inc.	13,229		525,720
Argan, Inc.	3,988		137,865
Comfort Systems USA, Inc.	9,776		357,313
Construction Partners, Inc., Class A (A)	4,167		70,381
Dycom Industries, Inc. (A)	8,388		215,152
EMCOR Group, Inc.	14,802		907,659
Granite Construction, Inc.	12,763		193,742
Great Lakes Dredge & Dock Corp. (A)	16,972		140,868
IES Holdings, Inc. (A)	2,327		41,072
MasTec, Inc. (A)	16,139		528,229
MYR Group, Inc. (A)	4,433		116,100
Northwest Pipe Company (A)	2,745		61,076
NV5 Global, Inc. (A)	2,897		119,617
Primoris Services Corp.	12,079		192,056
Sterling Construction Company, Inc. (A)	7,202		68,419
Tutor Perini Corp. (A)	10,975		73,752
WillScot Corp. (A)(B)	14,562		147,513
			4,160,829
Electrical equipment – 1.0%
Allied Motion Technologies, Inc.	2,082		49,343
American Superconductor Corp. (A)(B)	6,259		34,299
Atkore International Group, Inc. (A)	12,746		268,558
AZZ, Inc.	6,983		196,362
Bloom Energy Corp., Class A (A)(B)	15,363		80,348
Encore Wire Corp.	5,438		228,342
EnerSys	11,394		564,231
Generac Holdings, Inc. (A)	16,424		1,530,224
Plug Power, Inc. (A)(B)	75,412		266,958
Powell Industries, Inc.	2,600		66,742
Preformed Line Products Company	912		45,445
Sunrun, Inc. (A)	30,544		308,494
Thermon Group Holdings, Inc. (A)	9,015		135,856
TPI Composites, Inc. (A)	7,867		116,274
Vicor Corp. (A)	4,863		216,598
Vivint Solar, Inc. (A)(B)	12,306		53,777
			4,161,851
Industrial conglomerates – 0.1%
Raven Industries, Inc.	9,742		206,823
Machinery – 3.4%
Alamo Group, Inc.	2,588		229,763
Albany International Corp., Class A	8,237		389,857
Altra Industrial Motion Corp.	17,483		305,778
Astec Industries, Inc.	6,171		215,800
Barnes Group, Inc.	12,601		527,100
Blue Bird Corp. (A)	4,448		48,617
Briggs & Stratton Corp.	12,028		21,771
Chart Industries, Inc. (A)	9,790		283,714
CIRCOR International, Inc. (A)	5,461		63,511
Columbus McKinnon Corp.	6,333		158,325
Commercial Vehicle Group, Inc. (A)	8,629		13,030
Douglas Dynamics, Inc.	6,178		219,381
Energy Recovery, Inc. (A)(B)	10,476		77,941
Enerpac Tool Group Corp.	14,775		244,526
EnPro Industries, Inc.	5,515		218,284

 

187

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
ESCO Technologies, Inc.	6,811	$	517,023
Evoqua Water Technologies Corp. (A)	20,647		231,453
Federal Signal Corp.	16,058		438,062
Franklin Electric Company, Inc.	12,340		581,584
Graham Corp.	2,858		36,868
Helios Technologies, Inc.	7,931		300,744
Hillenbrand, Inc.	19,524		373,104
Hurco Companies, Inc.	1,969		57,298
Hyster-Yale Materials Handling, Inc.	2,776		111,290
John Bean Technologies Corp.	8,393		623,348
Kadant, Inc.	2,970		221,711
Kennametal, Inc.	22,103		411,558
LB Foster Company, Class A (A)	3,027		37,414
Lindsay Corp.	2,878		263,567
Luxfer Holdings PLC	7,533		106,517
Lydall, Inc. (A)	4,878		31,512
Meritor, Inc. (A)	18,988		251,591
Miller Industries, Inc.	3,042		86,028
Mueller Industries, Inc.	14,877		356,155
Mueller Water Products, Inc., Class A	42,595		341,186
Navistar International Corp. (A)	13,488		222,417
NN, Inc.	11,948		20,670
Omega Flex, Inc.	773		65,241
Park-Ohio Holdings Corp.	2,580		48,865
Proto Labs, Inc. (A)	7,264		553,008
RBC Bearings, Inc. (A)	6,477		730,541
REV Group, Inc.	7,868		32,810
Rexnord Corp.	28,527		646,707
Spartan Motors, Inc.	9,402		121,380
SPX Corp. (A)	11,774		384,303
SPX FLOW, Inc. (A)	11,319		321,686
Standex International Corp.	3,283		160,933
Tennant Company	4,845		280,768
Terex Corp.	16,882		242,426
The Gorman-Rupp Company	4,759		148,528
The Greenbrier Companies, Inc.	8,676		153,912
The Manitowoc Company, Inc. (A)	9,881		83,989
Titan International, Inc.	15,625		24,219
TriMas Corp. (A)	11,883		274,497
Twin Disc, Inc. (A)	3,511		24,507
Wabash National Corp.	14,083		101,679
Watts Water Technologies, Inc., Class A	7,282		616,421
Welbilt, Inc. (A)	34,683		177,924
			13,832,842
Marine – 0.1%
Costamare, Inc.	14,095		63,709
Eagle Bulk Shipping, Inc. (A)(B)	12,772		23,628
Genco Shipping & Trading, Ltd.	4,365		28,023
Matson, Inc.	11,537		353,263
Scorpio Bulkers, Inc.	15,585		39,430
			508,053
Professional services – 1.5%
ASGN, Inc. (A)	13,769		486,321
Barrett Business Services, Inc.	2,006		79,518
BG Staffing, Inc.	3,063		22,911
CBIZ, Inc. (A)	13,850		289,742
CRA International, Inc.	2,200		73,502
Exponent, Inc.	13,958		1,003,720
Forrester Research, Inc. (A)	3,092		90,379
Franklin Covey Company (A)	2,844		44,196
FTI Consulting, Inc. (A)	10,022		1,200,335
GP Strategies Corp. (A)	4,188		27,264
Heidrick & Struggles International, Inc.	5,095		114,638
Huron Consulting Group, Inc. (A)	6,055		274,655
ICF International, Inc.	4,912		337,454

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
InnerWorkings, Inc. (A)	13,605	$	15,918
Insperity, Inc.	9,992		372,702
Kelly Services, Inc., Class A	8,826		112,002
Kforce, Inc.	5,480		140,124
Korn Ferry	14,771		359,231
Mistras Group, Inc. (A)	5,390		22,961
Resources Connection, Inc.	8,741		95,889
TriNet Group, Inc. (A)	11,898		448,079
TrueBlue, Inc. (A)	10,449		133,329
Upwork, Inc. (A)	15,821		102,045
Willdan Group, Inc. (A)	2,818		60,221
			5,907,136
Road and rail – 0.5%
ArcBest Corp.	7,064		123,761
Avis Budget Group, Inc. (A)	15,616		217,062
Covenant Transportation Group, Inc., Class A (A)	3,919		33,978
Daseke, Inc. (A)(B)	14,198		19,877
Heartland Express, Inc.	12,439		230,992
Hertz Global Holdings, Inc. (A)	27,605		170,599
Marten Transport, Ltd.	11,022		226,171
Saia, Inc. (A)	7,052		518,604
Universal Logistics Holdings, Inc.	2,429		31,820
Werner Enterprises, Inc.	12,190		442,009
YRC Worldwide, Inc. (A)(B)	10,268		17,250
			2,032,123
Trading companies and distributors – 1.1%
Applied Industrial Technologies, Inc.	10,238		468,081
Beacon Roofing Supply, Inc. (A)	14,793		244,676
BlueLinx Holdings, Inc. (A)(B)	2,619		12,964
BMC Stock Holdings, Inc. (A)	17,986		318,892
CAI International, Inc. (A)	4,577		64,719
DXP Enterprises, Inc. (A)	4,596		56,347
EVI Industries, Inc. (A)	1,385		21,855
Foundation Building Materials, Inc. (A)	5,147		52,963
GATX Corp.	9,285		580,870
GMS, Inc. (A)	10,662		167,713
H&E Equipment Services, Inc.	8,735		128,230
Herc Holdings, Inc. (A)	6,471		132,397
Kaman Corp.	7,306		281,062
Lawson Products, Inc. (A)	1,308		34,950
MRC Global, Inc. (A)	21,849		93,077
NOW, Inc. (A)	29,659		153,040
Rush Enterprises, Inc., Class A	7,014		223,887
Rush Enterprises, Inc., Class B	1,478		45,094
SiteOne Landscape Supply, Inc. (A)	11,035		812,397
Systemax, Inc.	3,429		60,796
Textainer Group Holdings, Ltd. (A)	14,128		116,132
Titan Machinery, Inc. (A)	5,416		47,065
Transcat, Inc. (A)	2,243		59,440
Triton International, Ltd.	14,524		375,736
Veritiv Corp. (A)	3,739		29,389
Willis Lease Finance Corp. (A)	886		23,568
			4,605,340
			59,603,693
Information technology – 14.7%
Communications equipment – 1.3%
Acacia Communications, Inc. (A)	10,203		685,438
ADTRAN, Inc.	13,476		103,496
Applied Optoelectronics, Inc. (A)(B)	5,601		42,512
CalAmp Corp. (A)	9,615		43,268
Calix, Inc. (A)	13,203		93,477
Casa Systems, Inc. (A)	9,179		32,127
Clearfield, Inc. (A)	3,483		41,274

 

188

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Comtech Telecommunications Corp.	6,572	$	87,342
Digi International, Inc. (A)	7,973		76,062
Extreme Networks, Inc. (A)	32,584		100,685
Harmonic, Inc. (A)	24,221		139,513
Infinera Corp. (A)	48,873		259,027
Inseego Corp. (A)(B)	12,491		77,819
InterDigital, Inc.	8,466		377,838
KVH Industries, Inc. (A)	5,087		47,970
Lumentum Holdings, Inc. (A)	20,137		1,484,097
NETGEAR, Inc. (A)	8,079		184,524
NetScout Systems, Inc. (A)	19,184		454,085
Plantronics, Inc. (B)	9,294		93,498
Ribbon Communications, Inc. (A)	16,958		51,383
Viavi Solutions, Inc. (A)	61,859		693,439
			5,168,874
Electronic equipment, instruments and components – 2.8%
Airgain, Inc. (A)	2,932		21,667
Akoustis Technologies, Inc. (A)(B)	7,409		39,786
Anixter International, Inc. (A)	8,148		715,965
Arlo Technologies, Inc. (A)	21,590		52,464
Badger Meter, Inc.	7,689		412,130
Bel Fuse, Inc., Class B	3,090		30,097
Belden, Inc.	10,482		378,191
Benchmark Electronics, Inc.	9,876		197,421
CTS Corp.	8,728		217,240
Daktronics, Inc.	10,723		52,864
ePlus, Inc. (A)	3,535		221,362
Fabrinet (A)	9,796		534,470
FARO Technologies, Inc. (A)	4,702		209,239
Fitbit, Inc., Class A (A)	61,888		412,174
II-VI, Inc. (A)(B)	24,288		692,208
Insight Enterprises, Inc. (A)	9,340		393,494
Iteris, Inc. (A)	11,896		38,067
Itron, Inc. (A)	9,280		518,102
KEMET Corp.	15,418		372,499
Kimball Electronics, Inc. (A)	6,857		74,878
Knowles Corp. (A)	21,904		293,076
Methode Electronics, Inc.	9,761		257,983
MTS Systems Corp.	4,975		111,938
Napco Security Technologies, Inc. (A)	3,266		49,545
nLight, Inc. (A)	9,194		96,445
Novanta, Inc. (A)	9,078		725,151
OSI Systems, Inc. (A)	4,498		310,002
PAR Technology Corp. (A)	3,233		41,576
PC Connection, Inc.	3,109		128,122
Plexus Corp. (A)	7,687		419,403
Rogers Corp. (A)	4,959		468,229
Sanmina Corp. (A)	18,278		498,624
ScanSource, Inc. (A)	6,715		143,634
Tech Data Corp. (A)	9,491		1,241,897
TTM Technologies, Inc. (A)	26,832		277,443
Vishay Intertechnology, Inc.	35,381		509,840
Vishay Precision Group, Inc. (A)	3,025		60,742
			11,217,968
IT services – 2.2%
Brightcove, Inc. (A)	11,002		76,684
Cardtronics PLC, Class A (A)	10,013		209,472
Cass Information Systems, Inc.	3,857		135,612
Conduent, Inc. (A)	48,101		117,847
CSG Systems International, Inc.	8,920		373,302
Endurance International Group Holdings, Inc. (A)	20,141		38,872
EVERTEC, Inc.	16,422		373,272
Evo Payments, Inc., Class A (A)	9,574		146,482
ExlService Holdings, Inc. (A)	9,067		471,756

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
GTT Communications, Inc. (A)(B)	9,486	$	75,414
I3 Verticals, Inc., Class A (A)	4,051		77,334
International Money Express, Inc. (A)	4,552		41,560
KBR, Inc.	38,199		789,955
Limelight Networks, Inc. (A)	32,527		185,404
LiveRamp Holdings, Inc. (A)	18,137		597,070
ManTech International Corp., Class A	7,275		528,674
MAXIMUS, Inc.	17,030		991,146
NIC, Inc.	17,804		409,492
Paysign, Inc. (A)	8,287		42,761
Perficient, Inc. (A)	8,782		237,904
Perspecta, Inc.	38,044		693,923
PRGX Global, Inc. (A)	6,733		18,852
Science Applications International Corp.	15,476		1,154,974
StarTek, Inc. (A)	5,060		19,026
Sykes Enterprises, Inc. (A)	10,384		281,614
The Hackett Group, Inc.	6,983		88,824
TTEC Holdings, Inc.	3,974		145,925
Tucows, Inc., Class A (A)(B)	2,628		126,827
Unisys Corp. (A)	14,092		174,036
Verra Mobility Corp. (A)	33,448		238,819
Virtusa Corp. (A)	7,834		222,486
			9,085,319
Semiconductors and semiconductor equipment – 3.2%
Adesto Technologies Corp. (A)(B)	7,760		86,834
Advanced Energy Industries, Inc. (A)	10,260		497,507
Alpha & Omega Semiconductor, Ltd. (A)	5,793		37,133
Ambarella, Inc. (A)	8,686		421,792
Amkor Technology, Inc. (A)	26,588		207,121
Axcelis Technologies, Inc. (A)	8,815		161,403
AXT, Inc. (A)	11,517		36,970
Brooks Automation, Inc.	19,486		594,323
Cabot Microelectronics Corp.	7,809		891,319
CEVA, Inc. (A)	6,133		152,896
Cirrus Logic, Inc. (A)	15,646		1,026,847
Cohu, Inc.	11,272		139,547
Diodes, Inc. (A)	11,141		452,715
DSP Group, Inc. (A)	6,136		82,222
Enphase Energy, Inc. (A)	24,789		800,437
FormFactor, Inc. (A)	20,348		408,791
GSI Technology, Inc. (A)	5,134		35,733
Ichor Holdings, Ltd. (A)	6,110		117,068
Impinj, Inc. (A)	4,515		75,446
Inphi Corp. (A)	12,129		960,253
Lattice Semiconductor Corp. (A)	34,180		609,088
MACOM Technology Solutions Holdings, Inc. (A)(B)	12,639		239,256
MaxLinear, Inc. (A)	18,024		210,340
NeoPhotonics Corp. (A)	11,043		80,062
NVE Corp.	1,312		68,263
Onto Innovation, Inc. (A)	13,045		387,045
PDF Solutions, Inc. (A)	8,178		95,846
Photronics, Inc. (A)	17,310		177,601
Power Integrations, Inc.	7,597		671,043
Rambus, Inc. (A)	29,873		331,590
Semtech Corp. (A)	17,700		663,750
Silicon Laboratories, Inc. (A)	11,537		985,375
SMART Global Holdings, Inc. (A)	3,577		86,921
SunPower Corp. (A)(B)	17,516		88,806
Synaptics, Inc. (A)	9,233		534,314
Ultra Clean Holdings, Inc. (A)	10,886		150,227
Veeco Instruments, Inc. (A)	13,538		129,559
Xperi Corp.	13,309		185,128
			12,880,571

 

189

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software – 5.0%
8x8, Inc. (A)	25,893	$	358,877
A10 Networks, Inc. (A)	14,615		90,759
ACI Worldwide, Inc. (A)	31,086		750,727
Agilysys, Inc. (A)	5,704		95,257
Alarm.com Holdings, Inc. (A)	9,957		387,427
Altair Engineering, Inc., Class A (A)(B)	10,847		287,446
American Software, Inc., Class A	8,368		118,909
Appfolio, Inc., Class A (A)(B)	4,326		479,970
Appian Corp. (A)	9,250		372,128
Avaya Holdings Corp. (A)(B)	26,258		212,427
Benefitfocus, Inc. (A)	8,326		74,185
Blackbaud, Inc.	13,191		732,760
Blackline, Inc. (A)	11,728		617,010
Bottomline Technologies DE, Inc. (A)	11,747		430,528
Box, Inc., Class A (A)(B)	39,659		556,812
ChannelAdvisor Corp. (A)	7,738		56,178
Cloudera, Inc. (A)	65,986		519,310
CommVault Systems, Inc. (A)	11,077		448,397
Cornerstone OnDemand, Inc. (A)	15,453		490,633
Digimarc Corp. (A)(B)	3,306		43,143
Digital Turbine, Inc. (A)	21,865		94,238
Domo, Inc., Class B (A)	5,035		50,048
Ebix, Inc.	6,477		98,321
eGain Corp. (A)	6,568		48,143
Envestnet, Inc. (A)	13,079		703,389
Everbridge, Inc. (A)	8,980		955,113
Five9, Inc. (A)	16,130		1,233,300
ForeScout Technologies, Inc. (A)	11,600		366,444
GTY Technology Holdings, Inc. (A)(B)	11,454		51,772
Ideanomics, Inc. (A)	13,594		18,216
Intelligent Systems Corp. (A)(B)	1,903		64,683
j2 Global, Inc.	12,460		932,631
LivePerson, Inc. (A)(B)	17,025		387,319
MicroStrategy, Inc., Class A (A)	2,182		257,694
Mitek Systems, Inc. (A)	10,699		84,308
MobileIron, Inc. (A)	27,066		102,851
Model N, Inc. (A)	8,950		198,780
OneSpan, Inc. (A)	9,156		166,181
Ping Identity Holding Corp. (A)	3,559		71,251
Progress Software Corp.	12,232		391,424
PROS Holdings, Inc. (A)	9,087		281,970
Q2 Holdings, Inc. (A)	11,828		698,562
QAD, Inc., Class A	3,132		125,061
Qualys, Inc. (A)	9,106		792,131
Rapid7, Inc. (A)	13,422		581,575
Rosetta Stone, Inc. (A)	5,895		82,648
SailPoint Technologies Holding, Inc. (A)	23,525		358,051
ShotSpotter, Inc. (A)(B)	2,376		65,292
SPS Commerce, Inc. (A)	9,485		441,147
SVMK, Inc. (A)	23,748		320,835
Synchronoss Technologies, Inc. (A)	11,129		33,943
Telaria, Inc. (A)	12,266		73,596
Telenav, Inc. (A)	9,833		42,479
Tenable Holdings, Inc. (A)(B)	10,365		226,579
TiVo Corp.	34,230		242,348
Upland Software, Inc. (A)	6,374		170,951
Varonis Systems, Inc. (A)	8,153		519,102
Verint Systems, Inc. (A)	17,864		768,152
VirnetX Holding Corp. (A)(B)	17,178		93,964
Workiva, Inc. (A)	10,120		327,180
Yext, Inc. (A)	25,873		263,646
Zix Corp. (A)	15,407		66,404
Zuora, Inc., Class A (A)	24,073		193,788
			20,168,393

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals – 0.2%
3D Systems Corp. (A)(B)	31,495	$	242,826
AstroNova, Inc.	2,237		17,359
Avid Technology, Inc. (A)	7,864		52,925
Diebold Nixdorf, Inc. (A)(B)	21,343		75,127
Immersion Corp. (A)	9,294		49,816
Stratasys, Ltd. (A)	14,074		224,480
			662,533
			59,183,658
Materials – 3.3%
Chemicals – 1.6%
Advanced Emissions Solutions, Inc. (B)	4,820		31,667
AdvanSix, Inc. (A)	7,702		73,477
American Vanguard Corp.	8,128		117,531
Amyris, Inc. (A)(B)	16,625		42,560
Balchem Corp.	8,684		857,284
Chase Corp.	1,971		162,194
Ferro Corp. (A)	22,301		208,737
Flotek Industries, Inc. (A)	17,208		15,315
FutureFuel Corp.	7,287		82,124
GCP Applied Technologies, Inc. (A)	14,803		263,493
Hawkins, Inc.	2,729		97,152
HB Fuller Company	13,633		380,770
Ingevity Corp. (A)	11,361		399,907
Innospec, Inc.	6,518		452,936
Intrepid Potash, Inc. (A)	27,729		22,183
Koppers Holdings, Inc. (A)	5,262		65,091
Kraton Corp. (A)	8,732		70,729
Kronos Worldwide, Inc.	6,333		53,451
Livent Corp. (A)	40,194		211,019
LSB Industries, Inc. (A)	6,792		14,263
Minerals Technologies, Inc.	9,219		334,281
OMNOVA Solutions, Inc. (A)	12,435		126,091
Orion Engineered Carbons SA	16,638		124,119
PolyOne Corp.	21,054		399,394
PQ Group Holdings, Inc. (A)	10,170		110,853
Quaker Chemical Corp. (B)	3,502		442,233
Rayonier Advanced Materials, Inc.	13,803		14,631
Sensient Technologies Corp.	11,346		493,664
Stepan Company	5,478		484,584
Trecora Resources (A)	6,629		39,443
Tredegar Corp.	7,101		110,989
Trinseo SA	10,634		192,582
Tronox Holdings PLC, Class A	25,351		126,248
			6,620,995
Construction materials – 0.2%
Forterra, Inc. (A)	5,370		32,113
Summit Materials, Inc., Class A (A)	31,071		466,065
U.S. Concrete, Inc. (A)	4,429		80,342
United States Lime & Minerals, Inc.	609		44,975
			623,495
Containers and packaging – 0.1%
Greif, Inc., Class A	6,955		216,231
Greif, Inc., Class B	1,587		63,575
Myers Industries, Inc.	10,042		107,952
UFP Technologies, Inc. (A)	2,032		77,399
			465,157
Metals and mining – 1.0%
1911 Gold Corp. (A)	5,045		1,159
Allegheny Technologies, Inc. (A)	33,845		287,683
Carpenter Technology Corp.	12,677		247,202
Century Aluminum Company (A)	14,369		52,016
Cleveland-Cliffs, Inc. (B)	106,969		422,528
Coeur Mining, Inc. (A)	64,946		208,477

 

190

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Commercial Metals Company	31,709	$	500,685
Compass Minerals International, Inc.	9,157		352,270
Gold Resource Corp.	18,135		49,871
Haynes International, Inc.	3,402		70,115
Hecla Mining Company	134,109		244,078
Kaiser Aluminum Corp.	4,214		291,946
Materion Corp.	5,463		191,260
Novagold Resources, Inc. (A)	62,953		464,593
Olympic Steel, Inc.	2,752		28,483
Ryerson Holding Corp. (A)	4,714		25,078
Schnitzer Steel Industries, Inc., Class A	7,242		94,436
SunCoke Energy, Inc.	20,412		78,586
Synalloy Corp. (A)	2,653		23,161
TimkenSteel Corp. (A)	11,964		38,644
Warrior Met Coal, Inc.	13,697		145,462
Worthington Industries, Inc.	10,394		272,843
			4,090,576
Paper and forest products – 0.4%
Boise Cascade Company	10,457		248,667
Clearwater Paper Corp. (A)	4,537		98,952
Louisiana-Pacific Corp.	30,243		519,575
Neenah, Inc.	4,469		192,748
PH Glatfelter Company	12,080		147,618
Schweitzer-Mauduit International, Inc.	8,245		229,376
Verso Corp., Class A (A)	9,442		106,506
			1,543,442
			13,343,665
Real estate – 7.4%
Equity real estate investment trusts – 6.8%
Acadia Realty Trust	22,931		284,115
Agree Realty Corp. (B)	10,993		680,467
Alexander & Baldwin, Inc.	18,833		211,306
Alexander's, Inc.	576		158,947
American Assets Trust, Inc.	13,146		328,650
American Finance Trust, Inc.	29,064		181,650
Armada Hoffler Properties, Inc.	14,680		157,076
Ashford Hospitality Trust, Inc.	26,793		19,805
Bluerock Residential Growth REIT, Inc.	7,158		39,870
Braemar Hotels & Resorts, Inc.	9,255		15,734
BRT Apartments Corp.	3,530		36,183
Career Education Corp.	65,612		238,172
CareTrust REIT, Inc.	26,258		388,356
CatchMark Timber Trust, Inc., Class A	14,568		105,181
CBL & Associates Properties, Inc. (A)(B)	51,048		10,215
Cedar Realty Trust, Inc.	26,907		25,107
Chatham Lodging Trust	13,032		77,410
City Office REIT, Inc.	13,909		100,562
Clipper Realty, Inc.	5,314		27,527
Community Healthcare Trust, Inc.	5,155		197,333
CoreCivic, Inc.	32,277		360,534
CorEnergy Infrastructure Trust, Inc.	3,637		66,848
CorePoint Lodging, Inc.	11,977		46,950
DiamondRock Hospitality Company	54,704		277,896
Easterly Government Properties, Inc.	20,823		513,079
EastGroup Properties, Inc.	10,097		1,054,935
Essential Properties Realty Trust, Inc.	21,048		274,887
Farmland Partners, Inc. (B)	8,503		51,613
First Industrial Realty Trust, Inc.	34,200		1,136,466
Four Corners Property Trust, Inc.	18,963		354,798
Franklin Street Properties Corp.	29,320		168,004
Front Yard Residential Corp.	14,173		169,367
Getty Realty Corp.	9,175		217,815
Gladstone Commercial Corp.	8,898		127,775
Gladstone Land Corp.	7,008		83,045

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Global Medical REIT, Inc.	8,832	$	89,380
Global Net Lease, Inc.	23,984		320,666
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	17,562		358,440
Healthcare Realty Trust, Inc.	35,290		985,650
Hersha Hospitality Trust (B)	10,120		36,230
Independence Realty Trust, Inc.	24,834		222,016
Industrial Logistics Properties Trust	17,935		314,580
Innovative Industrial Properties, Inc.	3,730		283,219
Investors Real Estate Trust	3,266		179,630
iStar, Inc.	16,458		174,619
Jernigan Capital, Inc. (B)	6,255		68,555
Kite Realty Group Trust	22,876		216,636
Lexington Realty Trust	63,871		634,239
LTC Properties, Inc.	10,670		329,703
Mack-Cali Realty Corp.	23,885		363,769
Monmouth Real Estate Investment Corp.	25,503		307,311
National Health Investors, Inc.	11,335		561,309
National Storage Affiliates Trust	16,152		478,099
New Senior Investment Group, Inc.	24,074		61,629
NexPoint Residential Trust, Inc. (B)	5,258		132,554
Office Properties Income Trust	13,304		362,534
One Liberty Properties, Inc.	4,892		68,146
Pebblebrook Hotel Trust	35,431		385,844
Pennsylvania Real Estate Investment Trust (B)	20,432		18,626
Physicians Realty Trust	51,066		711,860
Piedmont Office Realty Trust, Inc., Class A	33,945		599,469
PotlatchDeltic Corp.	18,312		574,814
Preferred Apartment Communities, Inc., Class A	12,411		89,111
PS Business Parks, Inc.	5,352		725,303
QTS Realty Trust, Inc., Class A	15,404		893,586
Retail Opportunity Investments Corp.	31,417		260,447
Retail Value, Inc.	4,438		54,366
Rexford Industrial Realty, Inc.	30,115		1,235,016
RLJ Lodging Trust	46,361		357,907
RPT Realty	21,495		129,615
Ryman Hospitality Properties, Inc.	12,648		453,431
Sabra Health Care REIT, Inc.	52,272		570,810
Safehold, Inc. (B)	2,867		181,280
Saul Centers, Inc.	3,389		110,956
Seritage Growth Properties, Class A (A)(B)	9,305		84,769
STAG Industrial, Inc.	35,937		809,301
Summit Hotel Properties, Inc.	28,738		121,274
Sunstone Hotel Investors, Inc.	60,861		530,099
Tanger Factory Outlet Centers, Inc. (B)	25,278		126,390
Terreno Realty Corp.	17,518		906,557
The GEO Group, Inc.	32,348		393,352
UMH Properties, Inc.	10,657		115,735
Uniti Group, Inc.	50,761		306,089
Universal Health Realty Income Trust	3,528		355,658
Urban Edge Properties	31,833		280,449
Urstadt Biddle Properties, Inc., Class A	8,494		119,765
Washington Prime Group, Inc.	52,418		42,202
Washington Real Estate Investment Trust	22,380		534,211
Whitestone REIT	10,954		67,915
Xenia Hotels & Resorts, Inc.	31,078		320,103
			27,202,902
Real estate management and development – 0.6%
Consolidated-Tomoka Land Company	1,605		72,755
Cushman & Wakefield PLC (A)	30,518		358,281
eXp World Holdings, Inc. (A)	5,867		49,635

 

191

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
Forestar Group, Inc. (A)	3,127	$	32,364
FRP Holdings, Inc. (A)	2,134		91,762
Kennedy-Wilson Holdings, Inc.	33,627		451,274
Marcus & Millichap, Inc. (A)	6,404		173,548
Newmark Group, Inc., Class A	40,290		171,233
Rafael Holdings, Inc., Class B (A)	2,990		38,302
RE/MAX Holdings, Inc., Class A	5,053		110,762
Realogy Holdings Corp.	31,531		94,908
Redfin Corp. (A)	24,767		381,907
Tejon Ranch Company (A)	6,055		85,133
The RMR Group, Inc., Class A	4,175		112,600
The St. Joe Company (A)(B)	9,143		153,420
			2,377,884
			29,580,786
Utilities – 4.3%
Electric utilities – 1.2%
ALLETE, Inc.	13,865		841,328
El Paso Electric Company	10,844		736,958
Genie Energy, Ltd., B Shares	4,607		33,078
MGE Energy, Inc.	9,427		617,186
Otter Tail Corp.	10,591		470,876
PNM Resources, Inc.	21,392		812,896
Portland General Electric Company	23,965		1,148,882
Spark Energy, Inc., Class A	4,299		26,955
			4,688,159
Gas utilities – 1.4%
Chesapeake Utilities Corp.	4,270		365,982
New Jersey Resources Corp.	24,393		828,630
Northwest Natural Holding Company	8,234		508,450
ONE Gas, Inc.	13,954		1,166,833
RGC Resources, Inc.	2,445		70,734
South Jersey Industries, Inc.	25,158		628,950
Southwest Gas Holdings, Inc.	14,498		1,008,481
Spire, Inc.	13,242		986,264
			5,564,324
Independent power and renewable electricity producers – 0.4%
Atlantic Power Corp. (A)	34,847		74,573
Clearway Energy, Inc., Class A	11,026		189,316
Clearway Energy, Inc., Class C	19,059		358,309
Ormat Technologies, Inc.	10,704		724,233
Sunnova Energy International, Inc. (A)	4,346		43,764
TerraForm Power, Inc., Class A	21,430		337,951
			1,728,146
Multi-utilities – 0.7%
Avista Corp.	17,988		764,310
Black Hills Corp.	16,379		1,048,747
NorthWestern Corp.	13,389		801,064
Unitil Corp.	4,063		212,576
			2,826,697
Water utilities – 0.6%
American States Water Company	9,876		807,264

Small Cap Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Water utilities (continued)
Artesian Resources Corp., Class A		2,597	$	97,076
Cadiz, Inc. (A)(B)		4,660		54,382
California Water Service Group		12,963		652,298
Consolidated Water Company, Ltd.		5,065		83,066
Middlesex Water Company		4,547		273,366
SJW Group		7,168		414,095
The York Water Company		3,748		162,888
				2,544,435
				17,351,761
TOTAL COMMON STOCKS (Cost $438,528,570)			$	390,282,860
PREFERRED SECURITIES – 0.0%
Communication services – 0.0%
Media – 0.0%
GCI Liberty, Inc., 7.000%		1,451		33,402
TOTAL PREFERRED SECURITIES (Cost $7,218)			$	33,402
RIGHTS – 0.0%
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(D)		88,114		29,959
TOTAL RIGHTS (Cost $26,845)			$	29,959
SHORT-TERM INVESTMENTS – 9.0%
Short-term funds – 6.5%
John Hancock Collateral Trust, 1.1260% (E)(F)		2,638,291		26,376,311
Repurchase agreement – 2.5%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $10,059,000 on 4-1-20, collateralized by $9,785,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $10,261,637)	$	10,059,000		10,059,000
TOTAL SHORT-TERM INVESTMENTS (Cost $36,453,014)			$	36,435,311
Total Investments (Small Cap Index Trust) (Cost $475,015,647) – 106.0%			$	426,781,532
Other assets and liabilities, net – (6.0%)				(24,271,332)
TOTAL NET ASSETS – 100.0%			$	402,510,200

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $24,825,348.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	Strike price and/or expiration date not available.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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)
Russell 2000 E-Mini Index Futures	220	Long	Jun 2020	$12,116,033	$12,623,600	$507,567
						$507,567

192

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)
FUTURES (continued)

^ 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 – 99.3%
Communication services – 1.9%
Diversified telecommunication services – 0.3%
ATN International, Inc.	1,524	$	89,474
Cincinnati Bell, Inc. (A)	1,172		17,158
Consolidated Communications Holdings, Inc.	2,508		11,411
Iridium Communications, Inc. (A)	5,838		130,363
			248,406
Entertainment – 0.2%
AMC Entertainment Holdings, Inc., Class A (B)	4,473		14,135
Ballantyne Strong, Inc. (A)	1,114		1,905
Cinemark Holdings, Inc.	2,518		25,658
IMAX Corp. (A)	2,820		25,521
Liberty Media Corp.-Liberty Formula One, Series A (A)	1,080		27,886
Liberty Media Corp.-Liberty Formula One, Series C (A)	1,360		37,033
Lions Gate Entertainment Corp., Class A (A)	4,062		24,697
Lions Gate Entertainment Corp., Class B (A)	5,798		32,353
Reading International, Inc., Class A (A)	1,100		4,279
The Marcus Corp.	2,916		35,925
			229,392
Interactive media and services – 0.1%
Cars.com, Inc. (A)	6,379		27,430
DHI Group, Inc. (A)	5,212		11,258
Liberty TripAdvisor Holdings, Inc., Class A (A)	4,522		8,140
The Meet Group, Inc. (A)	2,642		15,509
Yelp, Inc. (A)	535		9,646
			71,983
Media – 1.0%
A.H. Belo Corp., Class A	4,238		7,289
Beasley Broadcast Group, Inc., Class A	502		929
Emerald Holding, Inc.	1,726		4,470
Entercom Communications Corp., Class A	1,442		2,466
Entravision Communications Corp., Class A	5,075		10,302
Gannett Company, Inc.	7,195		10,649
Gray Television, Inc. (A)	6,499		69,799
Hemisphere Media Group, Inc. (A)	951		8,122
John Wiley & Sons, Inc., Class A	1,759		65,945
Liberty Latin America, Ltd., Class A (A)	2,622		27,583
Liberty Latin America, Ltd., Class C (A)	6,493		66,618
Media General, Inc. (A)(C)	292		28
Meredith Corp.	3,097		37,845
News Corp., Class A	20,691		185,702
News Corp., Class B	10,415		93,631
Nexstar Media Group, Inc., Class A	2,212		127,699
Salem Media Group, Inc.	4,439		3,880
Scholastic Corp.	2,233		56,919
TEGNA, Inc.	6,933		75,292
The EW Scripps Company, Class A	5,843		44,056
			899,224
Wireless telecommunication services – 0.3%
Spok Holdings, Inc.	3,863		41,295
Telephone & Data Systems, Inc.	8,489		142,276

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services (continued)
United States Cellular Corp. (A)	3,059	$	89,598
			273,169
			1,722,174
Consumer discretionary – 11.9%
Auto components – 2.0%
Adient PLC (A)	4,046		36,697
American Axle & Manufacturing Holdings, Inc. (A)	7,509		27,107
Autoliv, Inc.	326		14,999
BorgWarner, Inc.	10,182		248,135
Cooper Tire & Rubber Company	4,326		70,514
Cooper-Standard Holdings, Inc. (A)	1,311		13,464
Dana, Inc.	5,704		44,548
Dorman Products, Inc. (A)	4,193		231,747
Fox Factory Holding Corp. (A)	9,664		405,888
Gentex Corp.	5,222		115,720
Gentherm, Inc. (A)	1,190		37,366
Horizon Global Corp. (A)	878		1,642
Lear Corp.	2,935		238,469
Modine Manufacturing Company (A)	5,862		19,052
Motorcar Parts of America, Inc. (A)	1,585		19,939
Shiloh Industries, Inc. (A)	1,515		1,894
Standard Motor Products, Inc.	3,063		127,329
Stoneridge, Inc. (A)	1,672		28,006
Strattec Security Corp.	924		13,370
Superior Industries International, Inc.	3,067		3,680
The Goodyear Tire & Rubber Company	14,684		85,461
			1,785,027
Automobiles – 0.2%
Harley-Davidson, Inc.	2,767		52,379
Thor Industries, Inc.	1,297		54,707
Winnebago Industries, Inc.	1,336		37,154
			144,240
Distributors – 0.5%
Core-Mark Holding Company, Inc.	1,227		35,055
Pool Corp.	2,091		411,446
Weyco Group, Inc.	1,316		26,544
			473,045
Diversified consumer services – 1.3%
Adtalem Global Education, Inc. (A)	4,502		120,609
American Public Education, Inc. (A)	1,450		34,699
Career Education Corp. (A)	3,146		33,945
Carriage Services, Inc.	1,797		29,022
Graham Holdings Company, Class B	347		118,386
Grand Canyon Education, Inc. (A)	8,918		680,310
Houghton Mifflin Harcourt Company (A)	5,833		10,966
K12, Inc. (A)	3,438		64,841
Laureate Education, Inc., Class A  (A)	1,275		13,400
Lincoln Educational Services Corp. (A)	1,100		2,420
Regis Corp. (A)	3,827		22,618
Universal Technical Institute, Inc. (A)	3,087		18,368
Zovio, Inc. (A)	3,463		5,714
			1,155,298
Hotels, restaurants and leisure – 1.4%
Aramark	4,381		87,489
Ark Restaurants Corp.	64		676
BBX Capital Corp.	1,743		4,026
Biglari Holdings, Inc., Class A (A)	3		891
Biglari Holdings, Inc., Class B (A)	102		5,243

 

193

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
BJ's Restaurants, Inc.	585	$	8,126
Boyd Gaming Corp.	873		12,589
Carrols Restaurant Group, Inc. (A)	1,688		3,072
Churchill Downs, Inc.	3,636		374,326
Chuy's Holdings, Inc. (A)	13,546		136,408
Del Taco Restaurants, Inc. (A)	2,438		8,362
Dine Brands Global, Inc.	212		6,080
Dover Motorsports, Inc.	400		500
El Pollo Loco Holdings, Inc. (A)	2,613		22,080
Extended Stay America, Inc.	2,351		17,186
Fiesta Restaurant Group, Inc. (A)	1,348		5,432
International Game Technology PLC (B)	6,958		41,400
Luby's, Inc. (A)	6,251		4,188
Marriott Vacations Worldwide Corp.	2,056		114,272
Monarch Casino & Resort, Inc. (A)	1,278		35,873
Norwegian Cruise Line Holdings, Ltd. (A)	5,720		62,691
Playa Hotels & Resorts NV (A)	2,743		4,800
Potbelly Corp. (A)	2,073		6,406
Red Lion Hotels Corp. (A)	3,000		4,380
Red Robin Gourmet Burgers, Inc. (A)	1,300		11,076
Royal Caribbean Cruises, Ltd. (B)	7,602		244,556
			1,222,128
Household durables – 2.1%
Bassett Furniture Industries, Inc.	2,333		12,715
Cavco Industries, Inc. (A)	606		87,834
Century Communities, Inc. (A)	1,640		23,796
Ethan Allen Interiors, Inc.	1,706		17,435
Flexsteel Industries, Inc.	1,750		19,180
Hooker Furniture Corp.	2,121		33,109
KB Home	6,043		109,378
La-Z-Boy, Inc.	4,218		86,680
LGI Homes, Inc. (A)	165		7,450
Libbey, Inc. (A)	1,103		563
Lifetime Brands, Inc.	2,931		16,560
M/I Homes, Inc. (A)	2,195		36,283
MDC Holdings, Inc.	5,177		120,106
Meritage Homes Corp. (A)	3,432		125,302
Mohawk Industries, Inc. (A)	2,469		188,237
Newell Brands, Inc.	5,850		77,688
PulteGroup, Inc.	7,364		164,364
Taylor Morrison Home Corp. (A)	7,422		81,642
The New Home Company, Inc. (A)	831		1,138
Toll Brothers, Inc.	12,316		237,083
TopBuild Corp. (A)	2,210		158,324
TRI Pointe Group, Inc. (A)	12,178		106,801
Universal Electronics, Inc. (A)	521		19,991
VOXX International Corp. (A)	3,131		8,923
Whirlpool Corp.	1,091		93,608
			1,834,190
Internet and direct marketing retail – 0.2%
1-800-Flowers.com, Inc., Class A (A)	3,234		42,786
Liquidity Services, Inc. (A)	1,691		6,561
Qurate Retail, Inc., Series A (A)(B)	17,318		105,726
The Rubicon Project, Inc. (A)	2,319		12,870
			167,943
Leisure products – 0.3%
Acushnet Holdings Corp.	537		13,812
American Outdoor Brands Corp. (A)	859		7,130
Callaway Golf Company	9,628		98,398
Escalade, Inc.	3,529		20,998
Johnson Outdoors, Inc., Class A	1,067		66,901
Nautilus, Inc. (A)	1,580		4,124

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
Vista Outdoor, Inc. (A)	3,475	$	30,580
			241,943
Multiline retail – 0.6%
Big Lots, Inc.	1,102		15,670
Dillard's, Inc., Class A (B)	2,339		86,426
J.C. Penney Company, Inc. (A)	23,315		8,393
Kohl's Corp.	7,972		116,311
Macy's, Inc. (B)	15,246		74,858
Ollie's Bargain Outlet Holdings, Inc. (A)	4,406		204,174
Tuesday Morning Corp. (A)	2,100		1,209
			507,041
Specialty retail – 2.6%
Aaron's, Inc.	3,608		82,190
Abercrombie & Fitch Company, Class A	5,916		53,776
American Eagle Outfitters, Inc.	7,348		58,417
America's Car-Mart, Inc. (A)	820		46,207
Ascena Retail Group, Inc. (A)(B)	589		819
At Home Group, Inc. (A)	448		905
AutoNation, Inc. (A)	6,612		185,533
Barnes & Noble Education, Inc. (A)	6,174		8,397
Bed Bath & Beyond, Inc. (B)	9,468		39,860
Big 5 Sporting Goods Corp. (B)	2,004		2,144
Boot Barn Holdings, Inc. (A)	2,280		29,480
Build-A-Bear Workshop, Inc. (A)	2,470		3,532
Caleres, Inc.	3,908		20,322
Chico's FAS, Inc.	9,163		11,820
Citi Trends, Inc.	1,533		13,644
Conn's, Inc. (A)	76		318
Designer Brands, Inc., Class A	5,177		25,781
Dick's Sporting Goods, Inc.	4,295		91,312
Express, Inc. (A)	3,676		5,477
Five Below, Inc. (A)	5,743		404,192
Foot Locker, Inc.	5,430		119,732
Francesca's Holdings Corp. (A)	119		270
GameStop Corp., Class A (A)(B)	10,093		35,326
Genesco, Inc. (A)	1,511		20,157
Group 1 Automotive, Inc.	1,693		74,932
Guess?, Inc.	6,368		43,111
Haverty Furniture Companies, Inc.	1,920		22,829
Hibbett Sports, Inc. (A)	1,307		14,292
Lithia Motors, Inc., Class A	3,844		314,401
MarineMax, Inc. (A)	2,016		21,007
Office Depot, Inc.	33,557		55,033
Party City Holdco, Inc. (A)	633		290
Penske Automotive Group, Inc.	5,153		144,284
Rent-A-Center, Inc.	1,084		15,328
RTW RetailWinds, Inc.  (A)	5,638		1,185
Shoe Carnival, Inc. (B)	1,352		28,081
Signet Jewelers, Ltd.	4,374		28,212
Sonic Automotive, Inc., Class A	1,811		24,050
Tandy Leather Factory, Inc. (A)	1,690		6,084
The Cato Corp., Class A	1,957		20,881
The Gap, Inc.	13,963		98,300
Tilly's, Inc., Class A	712		2,941
Urban Outfitters, Inc. (A)	4,660		66,358
Zumiez, Inc. (A)	2,122		36,753
			2,277,963
Textiles, apparel and luxury goods – 0.7%
Capri Holdings, Ltd. (A)	4,479		48,328
Culp, Inc.	334		2,458
Delta Apparel, Inc. (A)	500		5,205
Fossil Group, Inc. (A)	1,707		5,616
G-III Apparel Group, Ltd. (A)	3,397		26,157
Lakeland Industries, Inc. (A)(B)	1,110		17,205

 

194

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Movado Group, Inc.	1,758	$	20,780
Oxford Industries, Inc.	5,199		188,516
PVH Corp.	3,178		119,620
Ralph Lauren Corp.	345		23,056
Rocky Brands, Inc.	1,478		28,599
Superior Group of Companies, Inc.	663		5,609
Tapestry, Inc.	8,021		103,872
Unifi, Inc. (A)	2,453		28,332
Vera Bradley, Inc. (A)	2,034		8,380
Wolverine World Wide, Inc.	639		9,713
			641,446
			10,450,264
Consumer staples – 3.9%
Beverages – 0.1%
Craft Brew Alliance, Inc. (A)	2,909		43,344
Food and staples retailing – 1.3%
Ingles Markets, Inc., Class A	2,495		90,219
Natural Grocers by Vitamin Cottage, Inc.	1,014		8,629
Performance Food Group Company (A)	11,569		285,986
PriceSmart, Inc.	4,445		233,585
Rite Aid Corp. (A)	624		9,360
SpartanNash Company	4,194		60,058
The Andersons, Inc.	3,784		70,950
The Chefs' Warehouse, Inc. (A)	1,493		15,035
United Natural Foods, Inc. (A)	3,818		35,049
US Foods Holding Corp. (A)	11,785		208,712
Village Super Market, Inc., Class A	685		16,837
Weis Markets, Inc.	2,671		111,274
			1,145,694
Food products – 2.1%
Alico, Inc.	341		10,585
B&G Foods, Inc. (B)	1,941		35,113
Bunge, Ltd.	7,269		298,247
Cal-Maine Foods, Inc.	831		36,547
Darling Ingredients, Inc. (A)	11,669		223,695
Dean Foods Company (A)	8,717		915
Farmer Brothers Company (A)	1,069		7,440
Fresh Del Monte Produce, Inc.	3,135		86,557
Hostess Brands, Inc. (A)	3,408		36,329
Ingredion, Inc.	3,024		228,312
John B. Sanfilippo & Son, Inc.	282		25,211
Landec Corp. (A)	3,130		27,200
Limoneira Company	199		2,607
Pilgrim's Pride Corp. (A)	1,655		29,989
Post Holdings, Inc. (A)	4,147		344,077
Sanderson Farms, Inc.	1,287		158,713
Seaboard Corp.	52		146,266
Seneca Foods Corp., Class A (A)	1,409		56,050
The Simply Good Foods Company (A)	942		18,143
TreeHouse Foods, Inc. (A)	2,202		97,218
			1,869,214
Household products – 0.2%
Central Garden & Pet Company (A)	1,553		42,708
Central Garden & Pet Company, Class A (A)	3,288		84,074
Oil-Dri Corp. of America	531		17,757
Spectrum Brands Holdings, Inc.	1,296		47,136
			191,675
Personal products – 0.1%
Coty, Inc., Class A	370		1,909
Edgewell Personal Care Company (A)	1,909		45,969
Mannatech, Inc.	276		2,967

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Personal products (continued)
Natural Alternatives International, Inc. (A)	200	$	1,260
Nu Skin Enterprises, Inc., Class A	1,346		29,410
			81,515
Tobacco – 0.1%
Universal Corp.	2,175		96,157
			3,427,599
Energy – 3.6%
Energy equipment and services – 1.3%
Apergy Corp. (A)(B)	2,968		17,066
Archrock, Inc.	9,027		33,942
Dawson Geophysical Company (A)	3,948		3,841
Diamond Offshore Drilling, Inc. (A)(B)	2,100		3,843
Dril-Quip, Inc. (A)	2,786		84,973
Era Group, Inc. (A)	4,560		24,305
Exterran Corp. (A)	4,737		22,738
Forum Energy Technologies, Inc. (A)	6,662		1,181
Frank's International NV (A)	3,231		8,368
Geospace Technologies Corp. (A)	516		3,302
Gulf Island Fabrication, Inc. (A)	3,019		9,057
Halliburton Company	38,512		263,807
Helix Energy Solutions Group, Inc. (A)	14,129		23,172
Helmerich & Payne, Inc.	5,043		78,923
KLX Energy Services Holdings, Inc. (A)	1,865		1,306
Liberty Oilfield Services, Inc., Class A	1,021		2,746
Matrix Service Company (A)	2,731		25,863
Mitcham Industries, Inc. (A)	2,431		3,039
Nabors Industries, Ltd.	29,897		11,663
National Oilwell Varco, Inc.	17,726		174,247
Natural Gas Services Group, Inc. (A)	2,620		11,685
Newpark Resources, Inc. (A)	12,359		11,086
NexTier Oilfield Solutions, Inc. (A)	8,103		9,481
Nine Energy Service, Inc. (A)	425		344
Noble Corp. PLC (A)	17,780		4,623
Oceaneering International, Inc. (A)	8,109		23,840
Oil States International, Inc. (A)	4,041		8,203
Patterson-UTI Energy, Inc.	14,112		33,163
ProPetro Holding Corp. (A)	2,374		5,935
RPC, Inc.	2,090		4,305
SEACOR Holdings, Inc. (A)	2,419		65,216
SEACOR Marine Holdings, Inc. (A)	2,432		10,652
Select Energy Services, Inc., Class A (A)	2,493		8,052
TechnipFMC PLC	18,865		127,150
TETRA Technologies, Inc. (A)	4,581		1,466
Tidewater, Inc. (A)	391		2,768
Transocean, Ltd. (A)(B)	13,252		15,372
U.S. Silica Holdings, Inc.	4,282		7,708
			1,148,431
Oil, gas and consumable fuels – 2.3%
Adams Resources & Energy, Inc.	724		17,014
Amplify Energy Corp.	761		431
Antero Resources Corp. (A)	20,791		14,822
Apache Corp.	5,293		22,125
Arch Coal, Inc., Class A	1,502		43,408
Ardmore Shipping Corp.	1,174		6,164
Berry Corp.	1,497		3,608
Bonanza Creek Energy, Inc. (A)	1,183		13,309
Callon Petroleum Company (A)	14,924		8,177
Centennial Resource Development, Inc., Class A (A)	11,699		3,077
Cimarex Energy Company	4,205		70,770
Clean Energy Fuels Corp. (A)	11,526		20,516
CNX Resources Corp. (A)	18,164		96,632
CONSOL Energy, Inc. (A)	2,270		8,376

 

195

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Contango Oil & Gas Company (A)	3,786	$	5,679
CVR Energy, Inc.	1,951		32,250
Delek US Holdings, Inc.	6,080		95,821
Denbury Resources, Inc. (A)	19,778		3,651
Devon Energy Corp.	13,285		91,799
DHT Holdings, Inc.	5,633		43,205
Dorian LPG, Ltd. (A)	2,153		18,753
EnLink Midstream LLC (A)	15,746		17,321
EQT Corp.	7,106		50,239
Equitrans Midstream Corp.	1,062		5,342
Extraction Oil & Gas, Inc. (A)	3,404		1,436
GasLog, Ltd.	2,719		9,843
Green Plains, Inc.	5,268		25,550
Gulfport Energy Corp. (A)	10,592		4,710
HighPoint Resources Corp. (A)	7,216		1,371
HollyFrontier Corp.	8,137		199,438
International Seaways, Inc.	1,434		34,258
Kosmos Energy, Ltd.	13,783		12,344
Laredo Petroleum, Inc. (A)	1,132		430
Marathon Oil Corp.	24,460		80,473
Matador Resources Company (A)	5,416		13,432
Montage Resources Corp. (A)	615		1,384
Murphy Oil Corp. (B)	12,648		77,532
NACCO Industries, Inc., Class A	700		19,586
Noble Energy, Inc.	4,738		28,618
Nordic American Tankers, Ltd.	2,259		10,233
Oasis Petroleum, Inc. (A)	18,941		6,629
Overseas Shipholding Group, Inc., Class A (A)	861		1,954
Panhandle Oil and Gas, Inc., Class A	557		2,055
Par Pacific Holdings, Inc. (A)	1,947		13,824
Parsley Energy, Inc., Class A	18,301		104,865
PBF Energy, Inc., Class A	9,324		66,014
PDC Energy, Inc. (A)	7,428		46,128
Peabody Energy Corp.	6,070		17,603
Penn Virginia Corp. (A)	651		2,012
QEP Resources, Inc.	13,169		4,405
Range Resources Corp. (B)	13,645		31,111
Renewable Energy Group, Inc. (A)	4,097		84,111
REX American Resources Corp. (A)	268		12,465
Ring Energy, Inc. (A)	2,739		1,804
SandRidge Energy, Inc. (A)	1,746		1,570
Scorpio Tankers, Inc.	2,441		46,672
SFL Corp., Ltd.	4,240		40,153
SilverBow Resources, Inc. (A)	324		800
SM Energy Company	6,189		7,551
Southwestern Energy Company (A)	23,534		39,772
Talos Energy, Inc. (A)	2,469		14,197
Targa Resources Corp.	4,673		32,290
Teekay Corp. (A)	286		904
Teekay Tankers, Ltd., Class A (A)	1,159		25,776
Whiting Petroleum Corp. (A)(B)	4,753		3,186
World Fuel Services Corp.	3,769		94,903
WPX Energy, Inc. (A)	22,256		67,881
			1,983,762
			3,132,193
Financials – 21.5%
Banks – 11.7%
1st Source Corp.	2,392		77,573
Allegiance Bancshares, Inc.	308		7,426
American National Bankshares, Inc.	991		23,685
American River Bankshares	2,249		19,386
Ameris Bancorp	16,827		399,810
Arrow Financial Corp.	428		11,928
Associated Banc-Corp.	14,499		185,442

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Atlantic Capital Bancshares, Inc. (A)	667	$	7,917
Atlantic Union Bankshares Corp.	14,553		318,711
Banc of California, Inc.	1,420		11,360
BancFirst Corp.	230		7,675
BancorpSouth Bank	2,714		51,349
Bank of Commerce Holdings	2,506		19,722
Bank of Marin Bancorp	542		16,260
Bank OZK	5,320		88,844
BankFinancial Corp.	2,146		18,906
BankUnited, Inc.	2,793		52,229
Banner Corp.	3,129		103,382
Bar Harbor Bankshares	1,690		29,203
BCB Bancorp, Inc.	1,477		15,730
Berkshire Hills Bancorp, Inc.	3,974		59,054
BOK Financial Corp.	268		11,406
Boston Private Financial Holdings, Inc.	7,971		56,993
Bridge Bancorp, Inc.	1,057		22,366
Brookline Bancorp, Inc.	7,510		84,713
Bryn Mawr Bank Corp.	1,969		55,880
Byline Bancorp, Inc.	683		7,083
C&F Financial Corp.	627		25,017
Cadence BanCorp	4,741		31,054
California First National Bancorp	1,653		22,316
Camden National Corp.	1,722		54,157
Capital City Bank Group, Inc.	1,865		37,524
Carolina Financial Corp.	1,115		28,845
CenterState Bank Corp.	3,429		59,082
Central Pacific Financial Corp.	2,960		47,064
Century Bancorp, Inc., Class A	497		30,933
Chemung Financial Corp.	723		23,845
CIT Group, Inc.	4,212		72,699
Civista Bancshares, Inc.	514		7,689
CNB Financial Corp.	1,562		29,475
Columbia Banking System, Inc.	3,819		102,349
Comerica, Inc.	3,946		115,776
Community Trust Bancorp, Inc.	1,588		50,483
ConnectOne Bancorp, Inc.	1,273		17,109
Customers Bancorp, Inc. (A)	2,391		26,134
CVB Financial Corp.	2,662		53,373
Dime Community Bancshares, Inc.	3,601		49,370
Eagle Bancorp, Inc.	1,535		46,372
Enterprise Bancorp, Inc.	246		6,640
Enterprise Financial Services Corp.	1,453		40,553
Equity Bancshares, Inc., Class A (A)	697		12,023
Financial Institutions, Inc.	1,481		26,865
First Bancorp (NC)	3,205		73,971
First Bancorp (PR) (B)	17,832		94,866
First Bancorp, Inc.	1,769		38,918
First Busey Corp.	1,350		23,099
First Business Financial Services, Inc.	1,366		21,173
First Commonwealth Financial Corp.	9,089		83,073
First Community Bankshares, Inc.	2,201		51,283
First Financial Bancorp	8,716		129,956
First Financial Corp.	1,432		48,287
First Financial Northwest, Inc.	1,100		11,044
First Foundation, Inc.	1,677		17,139
First Hawaiian, Inc.	779		12,877
First Horizon National Corp.	12,649		101,951
First Internet Bancorp	377		6,190
First Interstate BancSystem, Inc., Class A	1,946		56,123
First Merchants Corp.	4,769		126,331
First Mid Bancshares, Inc.	349		8,285
First Midwest Bancorp, Inc.	7,500		99,263
First Northwest Bancorp	800		8,696

 

196

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Flushing Financial Corp.	3,421	$	45,705
FNB Corp.	18,182		134,001
Franklin Financial Network, Inc.	633		12,907
Fulton Financial Corp.	13,097		150,485
German American Bancorp, Inc.	302		8,290
Great Southern Bancorp, Inc.	1,329		53,692
Great Western Bancorp, Inc.	3,593		73,585
Hancock Whitney Corp.	7,556		147,493
Hanmi Financial Corp.	3,082		33,440
HarborOne Bancorp, Inc. (A)	1,011		7,613
Heartland Financial USA, Inc.	2,428		73,326
Heritage Commerce Corp.	2,225		17,066
Heritage Financial Corp.	1,481		29,620
Hilltop Holdings, Inc.	6,466		97,766
Home BancShares, Inc.	618		7,410
HomeTrust Bancshares, Inc.	560		8,915
Hope Bancorp, Inc.	11,326		93,100
Horizon Bancorp, Inc.	3,249		32,035
IBERIABANK Corp.	3,855		139,397
Independent Bank Corp. (Massachusetts)	885		56,967
Independent Bank Corp. (Michigan)	206		2,651
Independent Bank Group, Inc.	1,479		35,023
International Bancshares Corp.	5,571		149,748
Investors Bancorp, Inc.	24,228		193,582
Lakeland Bancorp, Inc.	4,261		46,061
Macatawa Bank Corp.	5,091		36,248
Mercantile Bank Corp.	1,266		26,801
Midland States Bancorp, Inc.	670		11,718
MidWestOne Financial Group, Inc.	1,343		28,122
National Bank Holdings Corp., Class A	1,336		31,930
NBT Bancorp, Inc.	3,264		105,721
Nicolet Bankshares, Inc. (A)	565		30,838
Northrim BanCorp, Inc.	1,530		41,310
Norwood Financial Corp.	1,188		31,720
OFG Bancorp	4,824		53,932
Old National Bancorp	12,650		166,854
Old Second Bancorp, Inc.	2,721		18,802
Opus Bank	1,848		32,026
Pacific Mercantile Bancorp (A)	762		3,589
Pacific Premier Bancorp, Inc.	2,195		41,354
PacWest Bancorp	9,138		163,753
Peapack Gladstone Financial Corp.	1,625		29,169
Penns Woods Bancorp, Inc.	1,188		28,868
Peoples Bancorp, Inc.	2,153		47,689
People's United Financial, Inc.	30,768		339,986
People's Utah Bancorp	518		10,034
Pinnacle Financial Partners, Inc.	12,433		466,735
Popular, Inc.	7,939		277,865
Premier Financial Bancorp, Inc.	2,821		34,980
Prosperity Bancshares, Inc.	4,487		216,498
QCR Holdings, Inc.	1,211		32,782
Renasant Corp.	4,029		87,993
Republic Bancorp, Inc., Class A	1,724		56,944
S&T Bancorp, Inc.	3,436		93,872
Sandy Spring Bancorp, Inc.	2,800		63,392
Seacoast Banking Corp. of Florida (A)	1,191		21,807
Shore Bancshares, Inc.	2,225		24,141
Sierra Bancorp	1,759		30,923
Simmons First National Corp., Class A	6,232		114,669
South State Corp.	2,627		154,284
Southern First Bancshares, Inc. (A)	237		6,724
Southern National Bancorp of Virginia, Inc.	3,850		37,884
Southside Bancshares, Inc.	374		11,366
Sterling Bancorp	11,335		118,451

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Synovus Financial Corp.	338	$	5,935
TCF Financial Corp.	8,981		203,509
Texas Capital Bancshares, Inc. (A)	2,159		47,865
The Bancorp, Inc. (A)	4,825		29,288
The First Bancshares, Inc.	311		5,931
The First of Long Island Corp.	1,039		18,027
Towne Bank	4,414		79,849
TriCo Bancshares	721		21,500
TriState Capital Holdings, Inc. (A)	1,242		12,010
Triumph Bancorp, Inc. (A)	997		25,922
Trustmark Corp.	5,532		128,896
Umpqua Holdings Corp.	17,304		188,614
United Bankshares, Inc.	5,846		134,926
United Community Banks, Inc.	5,084		93,088
Univest Financial Corp.	2,460		40,147
Valley National Bancorp	27,685		202,377
Veritex Holdings, Inc.	1,214		16,960
Washington Trust Bancorp, Inc.	635		23,216
Webster Financial Corp.	466		10,671
WesBanco, Inc.	6,160		145,992
Wintrust Financial Corp.	1,992		65,457
Zions Bancorp NA	7,758		207,604
			10,282,741
Capital markets – 2.0%
Blucora, Inc. (A)	6,814		82,109
Cowen, Inc., Class A	5,088		49,150
GAIN Capital Holdings, Inc.	2,895		16,154
Houlihan Lokey, Inc.	10,278		535,689
INTL. FCStone, Inc. (A)	1,705		61,823
Invesco, Ltd.	20,349		184,769
Janus Henderson Group PLC	10,100		154,732
Legg Mason, Inc.	4,561		222,805
Oppenheimer Holdings, Inc., Class A	1,974		39,006
Piper Sandler Companies	686		34,691
Stifel Financial Corp.	7,903		326,236
Virtus Investment Partners, Inc.	418		31,814
Waddell & Reed Financial, Inc., Class A (B)	5,265		59,916
			1,798,894
Consumer finance – 1.3%
Ally Financial, Inc.	12,129		175,021
Asta Funding, Inc. (A)	344		2,855
Encore Capital Group, Inc. (A)	10,990		256,946
EZCORP, Inc., Class A (A)	3,087		12,873
LendingClub Corp. (A)	3,292		25,842
Navient Corp.	18,244		138,290
Nelnet, Inc., Class A	2,648		120,246
Nicholas Financial, Inc. (A)	75		438
OneMain Holdings, Inc.	5,319		101,699
PRA Group, Inc. (A)	1,882		52,169
Regional Management Corp. (A)	573		7,827
Santander Consumer USA Holdings, Inc.	16,731		232,728
SLM Corp.	6,568		47,224
			1,174,158
Diversified financial services – 0.7%
Cannae Holdings, Inc. (A)	2,391		80,075
Equitable Holdings, Inc.	4,913		70,993
Jefferies Financial Group, Inc.	9,249		126,434
Marlin Business Services Corp.	1,698		18,967
NewStar Financial, Inc. (A)(C)	5,739		1,386
On Deck Capital, Inc. (A)	2,096		3,228
Voya Financial, Inc.	7,710		312,641
			613,724

 

197

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance – 4.0%
Ambac Financial Group, Inc. (A)	1,536	$	18,954
American Equity Investment Life Holding Company	7,384		138,819
American National Insurance Company	1,609		132,549
Argo Group International Holdings, Ltd.	3,091		114,552
Assured Guaranty, Ltd.	8,030		207,094
Athene Holding, Ltd., Class A (A)	7,652		189,923
Axis Capital Holdings, Ltd.	3,625		140,106
Brighthouse Financial, Inc. (A)	2,544		61,488
CNO Financial Group, Inc.	16,225		201,028
Donegal Group, Inc., Class A	2,876		43,715
Employers Holdings, Inc.	2,717		110,066
Enstar Group, Ltd. (A)	779		123,900
FBL Financial Group, Inc., Class A	3,170		147,944
FedNat Holding Company	1,090		12,513
First American Financial Corp.	439		18,618
Genworth Financial, Inc., Class A (A)	14,291		47,446
Global Indemnity, Ltd.	1,990		50,745
Greenlight Capital Re, Ltd., Class A (A)	2,616		15,565
Hallmark Financial Services, Inc. (A)	4,008		16,192
Heritage Insurance Holdings, Inc.	11,502		123,186
Horace Mann Educators Corp.	3,603		131,834
Independence Holding Company	2,247		57,433
Investors Title Company	189		24,192
James River Group Holdings, Ltd.	653		23,665
Lincoln National Corp.	941		24,767
Maiden Holdings, Ltd. (A)	7,320		6,661
MBIA, Inc. (A)(B)	10,305		73,578
Mercury General Corp.	945		38,480
National General Holdings Corp.	6,267		103,719
National Western Life Group, Inc., Class A	221		38,012
Old Republic International Corp.	8,037		122,564
ProAssurance Corp.	2,100		52,500
Protective Insurance Corp., Class B	1,154		15,868
Reinsurance Group of America, Inc.	2,994		251,915
Safety Insurance Group, Inc.	740		62,478
State Auto Financial Corp.	3,787		105,241
Stewart Information Services Corp.	2,162		57,661
Third Point Reinsurance, Ltd. (A)	2,292		16,984
United Fire Group, Inc.	1,897		61,861
United Insurance Holdings Corp.	1,482		13,694
Unum Group	11,366		170,604
White Mountains Insurance Group, Ltd.	119		108,290
			3,476,404
Thrifts and mortgage finance – 1.8%
Axos Financial, Inc. (A)	669		12,129
Capitol Federal Financial, Inc.	12,278		142,548
ESSA Bancorp, Inc.	897		12,244
Federal Agricultural Mortgage Corp., Class C	1,163		64,698
First Defiance Financial Corp.	3,941		58,090
Flagstar Bancorp, Inc.	4,596		91,139
Hingham Institution for Savings	106		15,369
Home Bancorp, Inc.	902		22,027
HomeStreet, Inc.	1,732		38,502
Kearny Financial Corp.	5,361		46,051
Meridian Bancorp, Inc.	1,625		18,233
Meta Financial Group, Inc.	2,595		56,363
Mr. Cooper Group, Inc. (A)	2,737		20,062
New York Community Bancorp, Inc.	28,861		271,005
Northfield Bancorp, Inc.	4,819		53,925
Northwest Bancshares, Inc.	8,845		102,337
OceanFirst Financial Corp.	1,393		22,163
Provident Financial Holdings, Inc.	1,778		27,079

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Provident Financial Services, Inc.	4,435	$	57,034
Prudential Bancorp, Inc.	1,696		25,101
Radian Group, Inc.	5,799		75,097
Riverview Bancorp, Inc.	5,483		27,470
Southern Missouri Bancorp, Inc.	1,012		24,561
Territorial Bancorp, Inc.	1,722		42,275
TrustCo Bank Corp.	9,134		49,415
Walker & Dunlop, Inc.	205		8,255
Washington Federal, Inc.	2,236		58,047
Waterstone Financial, Inc.	3,099		45,059
Western New England Bancorp, Inc.	4,739		32,036
WSFS Financial Corp.	3,099		77,227
			1,595,541
			18,941,462
Health care – 14.3%
Biotechnology – 3.3%
Achillion Pharmaceuticals, Inc. (A)(C)	10,940		5,032
Acorda Therapeutics, Inc. (A)	3,542		3,303
Aimmune Therapeutics, Inc. (A)	20,691		298,364
AMAG Pharmaceuticals, Inc. (A)	1,505		9,301
Amicus Therapeutics, Inc. (A)	37,324		344,874
Anika Therapeutics, Inc. (A)	533		15,409
Ardelyx, Inc. (A)	2,294		13,041
Arena Pharmaceuticals, Inc. (A)	9,319		391,398
Biohaven Pharmaceutical Holding Company, Ltd. (A)	8,910		303,207
Calithera Biosciences, Inc. (A)	2,020		8,969
Chimerix, Inc. (A)	2,352		3,387
Concert Pharmaceuticals, Inc. (A)	1,198		10,590
Enanta Pharmaceuticals, Inc. (A)	400		20,572
Five Prime Therapeutics, Inc. (A)	1,389		3,153
Global Blood Therapeutics, Inc. (A)	7,405		378,321
Ligand Pharmaceuticals, Inc. (A)(B)	163		11,853
Myriad Genetics, Inc. (A)	1,802		25,787
PDL BioPharma, Inc. (A)	10,320		29,102
Prothena Corp. PLC (A)	779		8,335
Retrophin, Inc. (A)	23,527		343,259
Vanda Pharmaceuticals, Inc. (A)	814		8,433
Veracyte, Inc. (A)	15,417		374,787
Vericel Corp. (A)	35,286		323,573
			2,934,050
Health care equipment and supplies – 4.5%
AngioDynamics, Inc. (A)	5,377		56,082
AtriCure, Inc. (A)	16,160		542,814
Avanos Medical, Inc. (A)	3,306		89,031
Cantel Medical Corp.	630		22,617
Cardiovascular Systems, Inc. (A)	16,568		583,359
CONMED Corp.	855		48,966
CryoLife, Inc. (A)	7,116		120,403
FONAR Corp. (A)	463		6,769
Globus Medical, Inc., Class A (A)	9,581		407,480
ICU Medical, Inc. (A)	2,327		469,519
Inogen, Inc. (A)	400		20,664
Integer Holdings Corp. (A)	2,433		152,938
Integra LifeSciences Holdings Corp. (A)	8,345		372,771
Invacare Corp.	3,396		25,232
Kewaunee Scientific Corp.	83		634
Merit Medical Systems, Inc. (A)	1,549		48,406
Natus Medical, Inc. (A)	613		14,179
Orthofix Medical, Inc. (A)	541		15,153
Quidel Corp. (A)	4,761		465,673
RTI Surgical Holdings, Inc. (A)	4,931		8,432
Wright Medical Group NV (A)	15,721		450,407
			3,921,529

 

198

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services – 2.6%
Acadia Healthcare Company, Inc. (A)	11,645	$	213,686
Addus HomeCare Corp. (A)	824		55,702
Brookdale Senior Living, Inc. (A)	14,058		43,861
Covetrus, Inc. (A)	4,275		34,799
Cross Country Healthcare, Inc. (A)	2,734		18,427
DaVita, Inc. (A)	3,756		285,681
Digirad Corp. (A)	310		1,231
HealthEquity, Inc. (A)	5,700		288,363
LHC Group, Inc. (A)	4,239		594,308
Magellan Health, Inc. (A)	2,125		102,234
MedCath Corp. (A)(C)	3,806		1,903
MEDNAX, Inc. (A)	6,772		78,826
National HealthCare Corp.	1,628		116,776
Owens & Minor, Inc.	5,919		54,159
Patterson Companies, Inc.	4,209		64,356
Premier, Inc., Class A (A)	1,879		61,481
Select Medical Holdings Corp. (A)	10,352		155,280
Surgery Partners, Inc. (A)	814		5,315
The Pennant Group, Inc. (A)	526		7,448
The Providence Service Corp. (A)	887		48,679
Triple-S Management Corp., Class B (A)	2,760		38,916
			2,271,431
Health care technology – 0.7%
Allscripts Healthcare Solutions, Inc. (A)	9,018		63,487
Evolent Health, Inc., Class A (A)	2,142		11,631
HealthStream, Inc. (A)	1,369		32,788
HMS Holdings Corp. (A)	19,028		480,838
Micron Solutions, Inc. (A)	200		410
NextGen Healthcare, Inc. (A)	1,561		16,297
			605,451
Life sciences tools and services – 0.6%
Harvard Bioscience, Inc. (A)	6,562		14,502
Luminex Corp.	2,011		55,363
Medpace Holdings, Inc. (A)	300		22,014
Syneos Health, Inc. (A)	11,581		456,523
			548,402
Pharmaceuticals – 2.6%
Amphastar Pharmaceuticals, Inc. (A)	600		8,904
Assertio Therapeutics, Inc. (A)	2,796		1,817
Catalent, Inc. (A)	14,899		774,003
Cumberland Pharmaceuticals, Inc. (A)	956		3,470
Endo International PLC (A)	2,935		10,860
GW Pharmaceuticals PLC, ADR (A)	3,841		336,356
Horizon Therapeutics PLC (A)	12,414		367,703
Jazz Pharmaceuticals PLC (A)	1,428		142,429
Mallinckrodt PLC (A)(B)	6,663		13,193
Mylan NV (A)	2,048		30,536
Otonomy, Inc. (A)	1,716		3,381
Perrigo Company PLC	3,881		186,637
Prestige Consumer Healthcare, Inc. (A)	1,934		70,939
Supernus Pharmaceuticals, Inc. (A)	1,828		32,886
Taro Pharmaceutical Industries, Ltd. (A)	303		18,544
Zogenix, Inc. (A)	12,655		312,958
			2,314,616
			12,595,479
Industrials – 19.1%
Aerospace and defense – 0.7%
AAR Corp.	16,288		289,275
CPI Aerostructures, Inc. (A)	1,400		3,150
Cubic Corp.	2,425		100,177
Ducommun, Inc. (A)	1,674		41,599
Moog, Inc., Class A	1,748		88,326
National Presto Industries, Inc.	244		17,278

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Park Aerospace Corp.	2,083	$	26,246
SIFCO Industries, Inc. (A)	1,000		2,110
Textron, Inc.	929		24,776
Vectrus, Inc. (A)	608		25,177
			618,114
Air freight and logistics – 0.5%
Atlas Air Worldwide Holdings, Inc. (A)	2,943		75,547
Echo Global Logistics, Inc. (A)	2,257		38,550
Forward Air Corp.	1,054		53,385
Hub Group, Inc., Class A (A)(B)	3,395		154,371
Radiant Logistics, Inc. (A)	1,875		7,256
XPO Logistics, Inc. (A)	2,804		136,695
			465,804
Airlines – 0.6%
Alaska Air Group, Inc. (B)	4,199		119,546
Copa Holdings SA, Class A	905		40,987
Hawaiian Holdings, Inc.	2,263		23,626
JetBlue Airways Corp. (A)	22,422		200,677
SkyWest, Inc.	4,337		113,586
Spirit Airlines, Inc. (A)(B)	5,299		68,304
			566,726
Building products – 1.1%
American Woodmark Corp. (A)	200		9,114
Apogee Enterprises, Inc.	1,785		37,164
Armstrong Flooring, Inc. (A)	1,831		2,618
Fortune Brands Home & Security, Inc.	1,150		49,738
Gibraltar Industries, Inc. (A)	3,659		157,044
Griffon Corp.	3,371		42,643
Insteel Industries, Inc.	1,989		26,354
JELD-WEN Holding, Inc. (A)	8,194		79,728
Masonite International Corp. (A)	1,546		73,358
Owens Corning	5,292		205,383
PGT Innovations, Inc. (A)	784		6,578
Quanex Building Products Corp.	3,929		39,604
Resideo Technologies, Inc. (A)	4,444		21,509
Universal Forest Products, Inc.	6,126		227,826
			978,661
Commercial services and supplies – 1.9%
ABM Industries, Inc.	6,128		149,278
ACCO Brands Corp.	7,990		40,350
Acme United Corp.	733		14,858
ADT, Inc. (B)	10,163		43,904
ARC Document Solutions, Inc.	3,098		2,509
Brady Corp., Class A	1,867		84,258
BrightView Holdings, Inc. (A)	3,362		37,184
CECO Environmental Corp. (A)	1,395		6,515
Civeo Corp. (A)	8,078		3,327
Clean Harbors, Inc. (A)	1,695		87,021
Ennis, Inc.	2,608		48,978
Harsco Corp. (A)	1,730		12,058
Heritage-Crystal Clean, Inc. (A)	1,877		30,482
HNI Corp.	980		24,686
KAR Auction Services, Inc.	3,034		36,408
Matthews International Corp., Class A	1,190		28,786
McGrath RentCorp	2,300		120,474
Mobile Mini, Inc.	4,027		105,628
NL Industries, Inc.	3,260		9,715
PICO Holdings, Inc. (A)	2,493		19,396
Ritchie Brothers Auctioneers, Inc.	15,665		535,430
SP Plus Corp. (A)	1,277		26,498
Steelcase, Inc., Class A	4,596		45,363
Team, Inc. (A)	2,106		13,689
UniFirst Corp.	441		66,631
Viad Corp.	1,664		35,327

 

199

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Virco Manufacturing Corp. (A)	1,200	$	2,520
VSE Corp.	1,368		22,422
			1,653,695
Construction and engineering – 1.6%
Aegion Corp. (A)	3,021		54,167
Ameresco, Inc., Class A (A)	4,187		71,305
Arcosa, Inc.	4,310		171,279
Argan, Inc.	604		20,880
Dycom Industries, Inc. (A)	4,623		118,580
EMCOR Group, Inc.	1,077		66,042
Fluor Corp.	4,059		28,048
Granite Construction, Inc. (B)	4,459		67,688
Great Lakes Dredge & Dock Corp. (A)	8,200		68,060
IES Holdings, Inc. (A)	237		4,183
MasTec, Inc. (A)	4,355		142,539
MYR Group, Inc. (A)	2,043		53,506
Northwest Pipe Company (A)	1,706		37,959
NV5 Global, Inc. (A)	290		11,974
Orion Group Holdings, Inc. (A)	4,263		11,084
Primoris Services Corp.	3,474		55,237
Quanta Services, Inc.	10,828		343,572
Sterling Construction Company, Inc. (A)	2,528		24,016
Tutor Perini Corp. (A)	4,867		32,706
Valmont Industries, Inc.	328		34,761
			1,417,586
Electrical equipment – 1.0%
Acuity Brands, Inc.	150		12,849
AZZ, Inc.	1,638		46,061
Encore Wire Corp.	2,149		90,237
EnerSys	563		27,880
LSI Industries, Inc.	4,131		15,615
nVent Electric PLC	4,483		75,628
Powell Industries, Inc.	1,244		31,933
Preformed Line Products Company	984		49,033
Regal Beloit Corp.	3,132		197,159
Sensata Technologies Holding PLC (A)	1,755		50,772
Sunrun, Inc. (A)	1,551		15,665
Thermon Group Holdings, Inc. (A)	15,848		238,829
Ultralife Corp. (A)	1,984		10,317
			861,978
Industrial conglomerates – 0.0%
Carlisle Companies, Inc.	249		31,195
Machinery – 5.3%
AGCO Corp.	3,829		180,920
Alamo Group, Inc.	4,408		391,342
Astec Industries, Inc.	2,911		101,798
Barnes Group, Inc.	2,872		120,136
Briggs & Stratton Corp. (B)	4,976		9,007
Chart Industries, Inc. (A)	2,822		81,782
CIRCOR International, Inc. (A)	1,614		18,771
Colfax Corp. (A)	8,935		176,913
Columbus McKinnon Corp.	2,578		64,450
Crane Company	1,471		72,344
EnPro Industries, Inc.	503		19,909
ESCO Technologies, Inc.	2,085		158,272
Federal Signal Corp.	4,369		119,186
Franklin Electric Company, Inc.	1,637		77,152
FreightCar America, Inc. (A)	735		684
Gates Industrial Corp. PLC (A)	4,373		32,273
Gencor Industries, Inc. (A)	2,100		22,050
Graham Corp.	333		4,296
Helios Technologies, Inc.	5,224		198,094
Hillenbrand, Inc.	417		7,969
Hurco Companies, Inc.	1,054		30,671

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Hyster-Yale Materials Handling, Inc.	970	$	38,887
John Bean Technologies Corp.	4,445		330,130
Kadant, Inc.	218		16,274
Kennametal, Inc.	1,872		34,857
LB Foster Company, Class A (A)	1,699		21,000
Lydall, Inc. (A)	338		2,183
Miller Industries, Inc.	1,706		48,246
Mueller Industries, Inc.	854		20,445
NN, Inc.	2,376		4,110
Oshkosh Corp.	2,932		188,616
Park-Ohio Holdings Corp.	749		14,186
Perma-Pipe International Holdings, Inc. (A)	1,100		6,842
RBC Bearings, Inc. (A)	4,151		468,191
Rexnord Corp.	1,671		37,882
Snap-on, Inc.	1,288		140,160
Spartan Motors, Inc.	37,076		478,651
SPX FLOW, Inc. (A)	2,346		66,673
Terex Corp.	1,593		22,875
The Eastern Company	1,471		28,685
The Gorman-Rupp Company	826		25,779
The Greenbrier Companies, Inc.	3,369		59,766
The LS Starrett Company, Class A (A)	1,530		4,957
The Manitowoc Company, Inc. (A)	2,882		24,497
The Timken Company	2,536		82,014
Titan International, Inc.	3,936		6,101
TriMas Corp. (A)	1,856		42,874
Trinity Industries, Inc. (B)	11,867		190,703
Twin Disc, Inc. (A)	1,650		11,517
Wabash National Corp.	3,712		26,801
Woodward, Inc.	5,642		335,360
			4,667,281
Marine – 0.3%
Costamare, Inc.	3,754		16,968
Eagle Bulk Shipping, Inc. (A)(B)	2,757		5,100
Genco Shipping & Trading, Ltd.	1,028		6,600
Kirby Corp. (A)	2,094		91,026
Matson, Inc.	3,414		104,537
Scorpio Bulkers, Inc.	5,124		12,964
			237,195
Professional services – 2.3%
Acacia Research Corp. (A)	2,172		4,822
ASGN, Inc. (A)	1,215		42,914
CBIZ, Inc. (A)	5,471		114,453
CRA International, Inc.	1,251		41,796
Exponent, Inc.	8,270		594,696
Forrester Research, Inc. (A)	9,415		275,200
FTI Consulting, Inc. (A)	2,127		254,751
GP Strategies Corp. (A)	1,125		7,324
Heidrick & Struggles International, Inc.	1,972		44,370
Hill International, Inc. (A)	3,275		4,749
Huron Consulting Group, Inc. (A)	1,611		73,075
ICF International, Inc.	1,629		111,912
InnerWorkings, Inc. (A)	3,056		3,576
Kelly Services, Inc., Class A	4,330		54,948
Korn Ferry	4,157		101,098
ManpowerGroup, Inc.	2,277		120,658
Mistras Group, Inc. (A)	1,232		5,248
Nielsen Holdings PLC	5,993		75,152
RCM Technologies, Inc. (A)	300		375
Resources Connection, Inc.	4,120		45,196
TrueBlue, Inc. (A)	2,519		32,142
			2,008,455

 

200

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Road and rail – 1.8%
AMERCO	819	$	237,960
ArcBest Corp.	3,042		53,296
Covenant Transportation Group, Inc., Class A (A)	1,513		13,118
Hertz Global Holdings, Inc. (A)	5,103		31,537
Knight-Swift Transportation Holdings, Inc.	16,474		540,347
Marten Transport, Ltd.	6,037		123,879
P.A.M. Transportation Services, Inc. (A)	675		20,756
Patriot Transportation Holding, Inc.	450		4,239
Ryder System, Inc.	4,239		112,079
Saia, Inc. (A)	1,894		139,285
Schneider National, Inc., Class B	2,862		55,351
USA Truck, Inc. (A)	1,375		4,359
Werner Enterprises, Inc. (B)	5,765		209,039
			1,545,245
Trading companies and distributors – 1.9%
Air Lease Corp.	9,283		205,526
Applied Industrial Technologies, Inc.	205		9,373
Beacon Roofing Supply, Inc. (A)	3,249		53,738
BMC Stock Holdings, Inc. (A)	2,274		40,318
CAI International, Inc. (A)	1,738		24,575
DXP Enterprises, Inc. (A)	967		11,855
GATX Corp.	3,186		199,316
Houston Wire & Cable Company (A)	3,039		6,655
Kaman Corp.	2,106		81,018
Lawson Products, Inc. (A)	591		15,792
MRC Global, Inc. (A)	2,745		11,694
MSC Industrial Direct Company, Inc., Class A	1,134		62,336
NOW, Inc. (A)	9,114		47,028
Rush Enterprises, Inc., Class A	2,247		71,724
Rush Enterprises, Inc., Class B	1,545		47,138
SiteOne Landscape Supply, Inc. (A)	6,789		499,806
Textainer Group Holdings, Ltd. (A)	495		4,069
Titan Machinery, Inc. (A)	2,816		24,471
Transcat, Inc. (A)	1,532		40,598
Triton International, Ltd.	5,250		135,818
United Rentals, Inc. (A)	127		13,068
Univar Solutions, Inc. (A)	964		10,334
Veritiv Corp. (A)	889		6,988
WESCO International, Inc. (A)	3,519		80,409
Willis Lease Finance Corp. (A)	406		10,800
			1,714,447
Transportation infrastructure – 0.1%
Macquarie Infrastructure Corp.	4,124		104,131
			16,870,513
Information technology – 14.6%
Communications equipment – 0.8%
ADTRAN, Inc.	5,269		40,466
BK Technologies Corp.	2,100		3,486
CalAmp Corp. (A)	900		4,050
Calix, Inc. (A)	1,577		11,165
CommScope Holding Company, Inc. (A)	5,531		50,387
Communications Systems, Inc.	1,800		8,028
Comtech Telecommunications Corp.	3,221		42,807
Digi International, Inc. (A)	4,013		38,284
EchoStar Corp., Class A (A)	4,430		141,627
Harmonic, Inc. (A)	4,356		25,091
Infinera Corp. (A)	8,291		43,942
InterDigital, Inc.	1,773		79,129
NETGEAR, Inc. (A)	3,391		77,450
NetScout Systems, Inc. (A)	5,458		129,191
Optical Cable Corp. (A)	931		2,234

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Ribbon Communications, Inc. (A)	1,083	$	3,281
TESSCO Technologies, Inc.	1,750		8,558
			709,176
Electronic equipment, instruments and components – 4.7%
ADDvantage Technologies Group, Inc. (A)	428		942
Anixter International, Inc. (A)	2,372		208,428
Arlo Technologies, Inc. (A)	6,715		16,317
Arrow Electronics, Inc. (A)	7,383		382,956
Avnet, Inc.	9,371		235,212
Bel Fuse, Inc., Class B	1,641		15,983
Belden, Inc.	1,539		55,527
Benchmark Electronics, Inc.	3,813		76,222
CTS Corp.	3,310		82,386
Daktronics, Inc.	3,929		19,370
ePlus, Inc. (A)	950		59,489
Fabrinet (A)	3,124		170,445
FARO Technologies, Inc. (A)	838		37,291
Flex, Ltd. (A)	22,654		189,714
Frequency Electronics, Inc. (A)	1,783		16,297
Insight Enterprises, Inc. (A)	2,944		124,031
Jabil, Inc.	9,420		231,544
KEMET Corp.	4,206		101,617
Key Tronic Corp. (A)	1,900		5,529
Kimball Electronics, Inc. (A)	3,614		39,465
Knowles Corp. (A)	6,866		91,867
Methode Electronics, Inc.	1,177		31,108
MTS Systems Corp.	626		14,085
OSI Systems, Inc. (A)	1,047		72,159
PC Connection, Inc.	2,691		110,896
Plexus Corp. (A)	3,089		168,536
RF Industries, Ltd.	120		476
Richardson Electronics, Ltd.	2,384		9,131
Rogers Corp. (A)	4,715		445,190
Sanmina Corp. (A)	5,879		160,379
ScanSource, Inc. (A)	2,542		54,373
SYNNEX Corp.	3,306		241,669
Tech Data Corp. (A)	3,227		422,253
TTM Technologies, Inc. (A)(B)	9,753		100,846
Vishay Intertechnology, Inc.	10,845		156,276
Vishay Precision Group, Inc. (A)	1,686		33,855
			4,181,864
IT services – 1.8%
CACI International, Inc., Class A (A)	3,195		674,624
Conduent, Inc. (A)	5,456		13,367
DXC Technology Company	3,152		41,134
KBR, Inc.	7,595		157,065
ManTech International Corp., Class A	2,267		164,743
Perficient, Inc. (A)	2,608		70,651
Perspecta, Inc.	2,453		44,743
Steel Connect, Inc. (A)	216		162
Sykes Enterprises, Inc. (A)	3,751		101,727
Virtusa Corp. (A)	11,850		336,540
			1,604,756
Semiconductors and semiconductor equipment – 3.6%
Alpha & Omega Semiconductor, Ltd. (A)	3,869		24,800
Amkor Technology, Inc. (A)	19,605		152,723
Amtech Systems, Inc. (A)	2,404		10,457
Axcelis Technologies, Inc. (A)	3,360		61,522
AXT, Inc. (A)	4,229		13,575
Brooks Automation, Inc.	4,413		134,597
Cabot Microelectronics Corp.	2,399		273,822
Cirrus Logic, Inc. (A)	1,828		119,972
Cohu, Inc.	3,425		42,402

 

201

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Diodes, Inc. (A)	3,753	$	152,503
DSP Group, Inc. (A)	1,726		23,128
Entegris, Inc.	7,428		332,552
First Solar, Inc. (A)	3,148		113,517
FormFactor, Inc. (A)	1,299		26,097
GSI Technology, Inc. (A)	3,507		24,409
Kulicke & Soffa Industries, Inc.	5,571		116,267
MACOM Technology Solutions Holdings, Inc. (A)	11,517		218,017
MKS Instruments, Inc.	491		39,992
NeoPhotonics Corp. (A)	3,808		27,608
ON Semiconductor Corp. (A)	15,115		188,031
Onto Innovation, Inc. (A)	2,973		88,209
PDF Solutions, Inc. (A)	2,193		25,702
Photronics, Inc. (A)	9,102		93,387
Power Integrations, Inc.	3,972		350,847
Rambus, Inc. (A)	5,178		57,476
Silicon Laboratories, Inc. (A)	3,052		260,671
Synaptics, Inc. (A)	1,879		108,738
Ultra Clean Holdings, Inc. (A)	2,706		37,343
Veeco Instruments, Inc. (A)	2,996		28,672
Xperi Corp.	1,956		27,208
			3,174,244
Software – 3.3%
Aware, Inc. (A)	2,160		6,156
Bottomline Technologies DE, Inc. (A)	5,998		219,827
HubSpot, Inc. (A)	4,491		598,156
LogMeIn, Inc.	150		12,492
Mimecast, Ltd. (A)	15,910		561,623
OneSpan, Inc. (A)	1,048		19,021
Paylocity Holding Corp. (A)	5,646		498,655
Rapid7, Inc. (A)	15,829		685,871
RealNetworks, Inc. (A)	766		559
Seachange International, Inc. (A)	5,428		20,192
The Descartes Systems Group, Inc. (A)	5,477		188,354
TiVo Corp.	6,381		45,177
Verint Systems, Inc. (A)	402		17,286
			2,873,369
Technology hardware, storage and peripherals – 0.4%
AstroNova, Inc.	1,439		11,167
Stratasys, Ltd. (A)	2,906		46,351
Super Micro Computer, Inc. (A)(B)	4,794		102,016
Xerox Holdings Corp.	8,939		169,305
			328,839
			12,872,248
Materials – 6.2%
Chemicals – 3.5%
American Vanguard Corp.	2,118		30,626
Ashland Global Holdings, Inc.	2,215		110,905
Balchem Corp.	4,988		492,415
Cabot Corp.	1,132		29,568
CF Industries Holdings, Inc.	4,856		132,083
Core Molding Technologies, Inc. (A)	1,000		1,540
Eastman Chemical Company	4,371		203,601
Element Solutions, Inc. (A)	14,525		121,429
Flotek Industries, Inc. (A)	1,771		1,576
FutureFuel Corp.	4,276		48,191
GCP Applied Technologies, Inc. (A)	567		10,093
Hawkins, Inc.	730		25,988
HB Fuller Company	3,426		95,688
Huntsman Corp.	10,961		158,167
Innospec, Inc.	1,994		138,563
Intrepid Potash, Inc. (A)	5,049		4,039
Kraton Corp. (A)	3,085		24,989

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Kronos Worldwide, Inc.	1,438	$	12,137
LSB Industries, Inc. (A)	567		1,191
Minerals Technologies, Inc.	2,502		90,723
Olin Corp.	6,642		77,512
PolyOne Corp.	17,911		339,772
PQ Group Holdings, Inc. (A)	2,944		32,090
Quaker Chemical Corp.	2,068		261,147
Rayonier Advanced Materials, Inc.	800		848
Sensient Technologies Corp.	849		36,940
Stepan Company	1,533		135,609
The Mosaic Company	18,870		204,173
Trecora Resources (A)	2,774		16,505
Tredegar Corp.	1,654		25,852
Trinseo SA	940		17,023
Tronox Holdings PLC, Class A	4,982		24,810
Westlake Chemical Corp.	3,485		133,022
			3,038,815
Construction materials – 0.1%
Summit Materials, Inc., Class A (A)	5,018		75,270
U.S. Concrete, Inc. (A)	268		4,862
United States Lime & Minerals, Inc.	686		50,661
			130,793
Containers and packaging – 0.4%
Graphic Packaging Holding Company	12,264		149,621
Greif, Inc., Class A	1,678		52,169
Greif, Inc., Class B	498		19,950
Packaging Corp. of America	471		40,897
Sonoco Products Company	1,795		83,198
Westrock Company	1,127		31,849
			377,684
Metals and mining – 1.6%
Alcoa Corp. (A)	9,078		55,920
Allegheny Technologies, Inc. (A)	5,052		42,942
Ampco-Pittsburgh Corp. (A)	1,644		4,110
Carpenter Technology Corp.	4,255		82,973
Century Aluminum Company (A)	6,579		23,816
Coeur Mining, Inc. (A)	5,562		17,854
Commercial Metals Company	5,611		88,598
Ferroglobe PLC (A)	3,057		1,391
Friedman Industries, Inc.	1,511		6,664
Haynes International, Inc.	458		9,439
Hecla Mining Company	35,139		63,953
Materion Corp.	2,348		82,203
Nexa Resources SA	900		3,132
Olympic Steel, Inc.	2,383		24,664
Reliance Steel & Aluminum Company	5,192		454,767
Schnitzer Steel Industries, Inc., Class A	4,262		55,576
Steel Dynamics, Inc.	8,168		184,107
SunCoke Energy, Inc.	6,433		24,767
Synalloy Corp. (A)	2,039		17,800
TimkenSteel Corp. (A)	2,689		8,685
United States Steel Corp. (B)	9,180		57,926
Universal Stainless & Alloy Products, Inc. (A)	1,562		12,043
Worthington Industries, Inc.	3,622		95,078
			1,418,408
Paper and forest products – 0.6%
Boise Cascade Company	2,384		56,692
Clearwater Paper Corp. (A)	1,597		34,831
Domtar Corp.	5,313		114,973
Louisiana-Pacific Corp.	5,586		95,967
Mercer International, Inc.	8,558		61,960
Neenah, Inc.	193		8,324
PH Glatfelter Company	4,610		56,334

 

202

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Paper and forest products (continued)
Resolute Forest Products, Inc. (A)	9,682	$	12,199
Schweitzer-Mauduit International, Inc.	1,971		54,833
Verso Corp., Class A (A)	1,405		15,848
			511,961
			5,477,661
Real estate – 2.1%
Equity real estate investment trusts – 1.8%
Easterly Government Properties, Inc.	15,796		389,213
QTS Realty Trust, Inc., Class A	11,931		692,117
STAG Industrial, Inc.	22,162		499,088
			1,580,418
Real estate management and development – 0.3%
Consolidated-Tomoka Land Company	178		8,069
Forestar Group, Inc. (A)	695		7,193
FRP Holdings, Inc. (A)	982		42,226
Griffin Industrial Realty, Inc.	892		29,168
Jones Lang LaSalle, Inc.	506		51,096
Rafael Holdings, Inc., Class B (A)	500		6,405
RE/MAX Holdings, Inc., Class A	493		10,807
Realogy Holdings Corp.	9,825		29,573
Stratus Properties, Inc. (A)	1,025		18,132
Tejon Ranch Company (A)	1,709		24,029
The Howard Hughes Corp. (A)	447		22,582
The St. Joe Company (A)	1,296		21,747
			271,027
			1,851,445
Utilities – 0.2%
Independent power and renewable electricity producers – 0.2%
Ormat Technologies, Inc.	1,822		123,277
TerraForm Power, Inc., Class A	3,126		49,297
			172,574
TOTAL COMMON STOCKS (Cost $116,938,636)		$	87,513,612
SHORT-TERM INVESTMENTS – 3.0%
Short-term funds – 3.0%
John Hancock Collateral Trust, 1.1260% (D)(E)	183,343		1,832,972
State Street Institutional Treasury Money Market Fund, Premier Class, 0.5804% (D)	443,554		443,554
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)	357,190		357,190
TOTAL SHORT-TERM INVESTMENTS (Cost $2,633,643)		$	2,633,716
Total Investments (Small Cap Opportunities Trust) (Cost $119,572,279) – 102.3%		$	90,147,328
Other assets and liabilities, net – (2.3%)			(2,025,564)
TOTAL NET ASSETS – 100.0%		$	88,121,764

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 3-31-20. The value of securities on loan amounted to $1,786,765.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 98.3%
Communication services – 1.6%
Diversified telecommunication services – 1.1%
Bandwidth, Inc., Class A (A)	37,184	$	2,502,111
Media – 0.5%
Cardlytics, Inc. (A)	28,949		1,012,057
			3,514,168
Consumer discretionary – 16.9%
Diversified consumer services – 2.9%
Chegg, Inc. (A)	137,092		4,905,149
Grand Canyon Education, Inc. (A)	18,039		1,376,105
			6,281,254
Hotels, restaurants and leisure – 0.9%
Marriott Vacations Worldwide Corp.	3,572		198,532
Planet Fitness, Inc., Class A (A)	38,173		1,859,025
			2,057,557
Household durables – 2.9%
Cavco Industries, Inc. (A)	18,654		2,703,711
Installed Building Products, Inc. (A)	27,016		1,077,128
Skyline Champion Corp. (A)	170,202		2,668,767
			6,449,606
Internet and direct marketing retail – 0.9%
Etsy, Inc. (A)	53,398		2,052,619
Leisure products – 4.1%
Acushnet Holdings Corp. (B)	80,220		2,063,258
BRP, Inc.	56,895		928,238
Malibu Boats, Inc., Class A (A)	44,735		1,287,921
Peloton Interactive, Inc., Class A (A)(B)	100,906		2,679,054
YETI Holdings, Inc. (A)(B)	105,691		2,063,088
			9,021,559
Multiline retail – 1.0%
Ollie's Bargain Outlet Holdings, Inc. (A)(B)	47,533		2,202,679
Specialty retail – 2.1%
Five Below, Inc. (A)	43,193		3,039,923
Floor & Decor Holdings, Inc., Class A (A)	44,768		1,436,605
			4,476,528
Textiles, apparel and luxury goods – 2.1%
Carter's, Inc.	40,869		2,686,319
Steven Madden, Ltd.	86,492		2,009,209
			4,695,528
			37,237,330
Consumer staples – 2.3%
Beverages – 1.6%
The Boston Beer Company, Inc., Class A (A)	9,691		3,562,024
Food and staples retailing – 0.7%
Performance Food Group Company (A)	58,405		1,443,772
			5,005,796
Financials – 4.6%
Banks – 2.2%
Ameris Bancorp	51,563		1,225,137
BancorpSouth Bank	59,323		1,122,391
Sterling Bancorp	178,146		1,861,626
Western Alliance Bancorp	23,200		710,152
			4,919,306
Capital markets – 1.2%
Ares Management Corp., Class A	72,724		2,249,353
Hamilton Lane, Inc., Class A	6,253		345,853
			2,595,206

 

203

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer finance – 0.9%
PRA Group, Inc. (A)(B)	69,604	$	1,929,423
Thrifts and mortgage finance – 0.3%
MGIC Investment Corp.	95,236		604,749
			10,048,684
Health care – 32.8%
Biotechnology – 14.3%
ACADIA Pharmaceuticals, Inc. (A)(B)	55,103		2,328,102
Acceleron Pharma, Inc. (A)	31,948		2,871,167
Amicus Therapeutics, Inc. (A)	209,998		1,940,382
Apellis Pharmaceuticals, Inc. (A)	39,629		1,061,661
Arena Pharmaceuticals, Inc. (A)	55,950		2,349,900
Ascendis Pharma A/S, ADR (A)	12,470		1,404,247
Blueprint Medicines Corp. (A)	42,260		2,471,365
Galapagos NV, ADR (A)	7,014		1,374,183
Global Blood Therapeutics, Inc. (A)(B)	22,031		1,125,564
Heron Therapeutics, Inc. (A)(B)	78,626		923,069
ImmunoGen, Inc. (A)	322,465		1,099,606
Iovance Biotherapeutics, Inc. (A)	58,808		1,760,417
Karyopharm Therapeutics, Inc. (A)	62,254		1,195,899
Kodiak Sciences, Inc. (A)	24,854		1,185,536
Mirati Therapeutics, Inc. (A)	25,802		1,983,400
Principia Biopharma, Inc. (A)	32,980		1,958,352
PTC Therapeutics, Inc. (A)(B)	32,873		1,466,465
RAPT Therapeutics, Inc. (A)(B)	29,603		629,656
UroGen Pharma, Ltd. (A)(B)	26,300		469,192
Y-mAbs Therapeutics, Inc. (A)	67,421		1,759,688
			31,357,851
Health care equipment and supplies – 9.2%
ABIOMED, Inc. (A)	9,385		1,362,327
Globus Medical, Inc., Class A (A)	60,828		2,587,015
Haemonetics Corp. (A)	26,436		2,634,612
Hill-Rom Holdings, Inc.	21,623		2,175,274
Insulet Corp. (A)	29,026		4,809,028
Novocure, Ltd. (A)	31,223		2,102,557
Tandem Diabetes Care, Inc. (A)	72,280		4,651,218
			20,322,031
Health care providers and services – 2.4%
Amedisys, Inc. (A)	29,242		5,367,077
Health care technology – 3.7%
Omnicell, Inc. (A)	60,890		3,993,166
Teladoc Health, Inc. (A)	26,676		4,135,047
			8,128,213
Life sciences tools and services – 1.5%
NanoString Technologies, Inc. (A)(B)	29,400		707,070
PRA Health Sciences, Inc. (A)	30,614		2,542,187
			3,249,257
Pharmaceuticals – 1.7%
MyoKardia, Inc. (A)(B)	23,370		1,095,586
Reata Pharmaceuticals, Inc., Class A (A)	9,271		1,338,176
Revance Therapeutics, Inc. (A)	86,925		1,286,490
			3,720,252
			72,144,681
Industrials – 12.6%
Aerospace and defense – 2.2%
Axon Enterprise, Inc. (A)	31,111		2,201,725
Curtiss-Wright Corp.	28,619		2,644,682
			4,846,407
Building products – 1.9%
Advanced Drainage Systems, Inc.	95,765		2,819,322
Trex Company, Inc. (A)(B)	16,415		1,315,498
			4,134,820

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies – 1.4%
McGrath RentCorp	31,019	$	1,624,775
The Brink's Company	28,672		1,492,378
			3,117,153
Construction and engineering – 1.3%
Argan, Inc. (B)	79,619		2,752,429
Machinery – 3.2%
ITT, Inc.	47,365		2,148,476
Nordson Corp.	5,000		675,350
Rexnord Corp. (B)	186,943		4,237,998
			7,061,824
Professional services – 1.1%
TriNet Group, Inc. (A)	61,930		2,332,284
Road and rail – 0.9%
Saia, Inc. (A)	26,262		1,931,307
Trading companies and distributors – 0.6%
Rush Enterprises, Inc., Class A	44,207		1,411,087
			27,587,311
Information technology – 24.0%
Communications equipment – 1.2%
Lumentum Holdings, Inc. (A)	36,206		2,668,382
Electronic equipment, instruments and components – 1.2%
Novanta, Inc. (A)	34,086		2,722,790
IT services – 4.4%
Endava PLC, ADR (A)	54,685		1,922,725
EPAM Systems, Inc. (A)	10,206		1,894,846
LiveRamp Holdings, Inc. (A)	82,359		2,711,258
Science Applications International Corp.	40,705		3,037,814
			9,566,643
Semiconductors and semiconductor equipment – 3.8%
Entegris, Inc.	82,676		3,701,405
MKS Instruments, Inc.	7,414		603,870
Tower Semiconductor, Ltd. (A)	253,499		4,035,704
			8,340,979
Software – 13.4%
Alteryx, Inc., Class A (A)	3,400		323,578
Avalara, Inc. (A)	5,200		387,920
DraftKings, Inc. (A)(C)(D)	327,094		1,298,329
Everbridge, Inc. (A)	27,765		2,953,085
Fair Isaac Corp. (A)	7,096		2,183,368
Five9, Inc. (A)	48,239		3,688,354
Guidewire Software, Inc. (A)	29,911		2,372,241
HubSpot, Inc. (A)	19,946		2,656,608
j2 Global, Inc.	31,379		2,348,718
Mimecast, Ltd. (A)	84,593		2,986,133
Pagerduty, Inc. (A)(B)	67,346		1,163,739
Paylocity Holding Corp. (A)	6,700		591,744
Proofpoint, Inc. (A)	25,513		2,617,379
Rapid7, Inc. (A)	90,337		3,914,302
			29,485,498
			52,784,292
Materials – 0.3%
Chemicals – 0.3%
Ingevity Corp. (A)	18,169		639,549
Real estate – 3.2%
Equity real estate investment trusts – 1.5%
Essential Properties Realty Trust, Inc.	53,100		693,486
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	67,724		1,382,247
NexPoint Residential Trust, Inc.	50,142		1,264,080
			3,339,813

 

204

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development – 1.7%
Kennedy-Wilson Holdings, Inc. (B)		177,252	$	2,378,722
Redfin Corp. (A)(B)		89,675		1,382,789
				3,761,511
				7,101,324
TOTAL COMMON STOCKS (Cost $242,854,958)			$	216,063,135
PREFERRED SECURITIES – 1.2%
Consumer discretionary – 0.5%
Diversified consumer services – 0.5%
The Honest Company, Inc., Series D (A)(C)(D)		26,954		1,015,896
Information technology – 0.7%
Software – 0.7%
MarkLogic Corp., Series F (A)(C)(D)		153,423		1,578,723
TOTAL PREFERRED SECURITIES (Cost $3,015,165)			$	2,594,619
SHORT-TERM INVESTMENTS – 6.4%
Short-term funds – 5.6%
John Hancock Collateral Trust, 1.1260% (E)(F)		1,225,877		12,255,701
Repurchase agreement – 0.8%
Societe Generale SA Tri-Party Repurchase Agreement dated 3-31-20 at 0.010% to be repurchased at $1,800,001 on 4-1-20, collateralized by $1,710,586 Federal National Mortgage Association, 3.000% - 4.500% due 2-1-42 to 9-1-49 (valued at $1,836,000)	$	1,800,000		1,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $14,057,168)			$	14,055,701
Total Investments (Small Cap Stock Trust) (Cost $259,927,291) – 105.9%			$	232,713,455
Other assets and liabilities, net – (5.9%)				(12,973,404)
TOTAL NET ASSETS – 100.0%			$	219,740,051

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 3-31-20. The value of securities on loan amounted to $11,926,884.
(C)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 96.4%
Consumer discretionary – 5.9%
Auto components – 1.9%
Cooper Tire & Rubber Company	151,290	$	2,466,027
Gentherm, Inc. (A)	124,759		3,917,433
			6,383,460
Hotels, restaurants and leisure – 0.6%
Aramark	34,700		692,959

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Wyndham Hotels & Resorts, Inc.	35,850	$	1,129,634
			1,822,593
Household durables – 2.1%
Helen of Troy, Ltd. (A)	22,370		3,221,951
TRI Pointe Group, Inc. (A)	438,065		3,841,830
			7,063,781
Specialty retail – 0.5%
The Cato Corp., Class A	143,376		1,529,822
Textiles, apparel and luxury goods – 0.8%
Kontoor Brands, Inc. (B)	139,690		2,677,857
			19,477,513
Consumer staples – 4.5%
Beverages – 0.9%
C&C Group PLC	1,187,131		2,890,786
Food products – 2.0%
Cranswick PLC	135,640		6,209,388
Post Holdings, Inc. (A)	4,295		356,356
			6,565,744
Household products – 1.6%
Spectrum Brands Holdings, Inc.	146,235		5,318,567
			14,775,097
Energy – 4.4%
Energy equipment and services – 1.7%
Era Group, Inc. (A)	224,142		1,194,677
SEACOR Holdings, Inc. (A)	136,063		3,668,258
SEACOR Marine Holdings, Inc. (A)	173,523		760,031
			5,622,966
Oil, gas and consumable fuels – 2.7%
Dorian LPG, Ltd. (A)	394,103		3,432,637
Kosmos Energy, Ltd.	1,157,470		1,036,630
Magnolia Oil & Gas Corp., Class A (A)(B)	458,540		1,834,160
Scorpio Tankers, Inc. (B)	131,522		2,514,701
			8,818,128
			14,441,094
Financials – 19.6%
Banks – 12.3%
1st Source Corp.	103,425		3,354,073
Atlantic Union Bankshares Corp.	190,460		4,171,074
Banc of California, Inc.	488,104		3,904,832
First Busey Corp.	228,743		3,913,793
First Midwest Bancorp, Inc.	397,906		5,266,286
Flushing Financial Corp.	254,326		3,397,795
Great Western Bancorp, Inc.	250,476		5,129,748
Hancock Whitney Corp.	127,985		2,498,267
International Bancshares Corp.	195,639		5,258,776
Synovus Financial Corp.	189,668		3,330,570
Webster Financial Corp.	12,735		291,632
			40,516,846
Capital markets – 1.0%
Solar Capital, Ltd.	267,754		3,116,657
Insurance – 4.4%
Alleghany Corp.	1,723		951,699
Argo Group International Holdings, Ltd. (B)	28,520		1,056,951
Assured Guaranty, Ltd.	11,930		307,675
Kemper Corp.	99,835		7,424,729
Reinsurance Group of America, Inc.	4,640		390,410
White Mountains Insurance Group, Ltd.	4,760		4,331,600
			14,463,064

 

205

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance – 1.9%
Northwest Bancshares, Inc.	535,905	$	6,200,421
			64,296,988
Health care – 3.8%
Health care equipment and supplies – 1.6%
Lantheus Holdings, Inc. (A)	251,540		3,209,650
Natus Medical, Inc. (A)	92,075		2,129,695
			5,339,345
Health care providers and services – 0.5%
AMN Healthcare Services, Inc. (A)	29,380		1,698,458
Health care technology – 1.7%
Allscripts Healthcare Solutions, Inc. (A)	785,132		5,527,329
			12,565,132
Industrials – 30.1%
Aerospace and defense – 0.4%
Astronics Corp. (A)	157,703		1,447,714
Air freight and logistics – 1.6%
Forward Air Corp.	104,875		5,311,919
Building products – 2.6%
American Woodmark Corp. (A)	94,330		4,298,618
Tyman PLC	2,261,849		4,285,682
			8,584,300
Commercial services and supplies – 4.7%
ACCO Brands Corp.	680,365		3,435,843
BrightView Holdings, Inc. (A)	238,242		2,634,957
Clean Harbors, Inc. (A)	9,550		490,297
Matthews International Corp., Class A	112,590		2,723,552
SP Plus Corp. (A)	161,623		3,353,677
Steelcase, Inc., Class A	272,750		2,692,043
			15,330,369
Construction and engineering – 3.0%
Primoris Services Corp.	260,670		4,144,653
Valmont Industries, Inc.	53,900		5,712,322
			9,856,975
Electrical equipment – 1.5%
Thermon Group Holdings, Inc. (A)	316,548		4,770,378
Machinery – 7.7%
Albany International Corp., Class A	26,914		1,273,840
ESCO Technologies, Inc.	34,462		2,616,010
Luxfer Holdings PLC	385,339		5,448,693
Mueller Industries, Inc.	312,645		7,484,721
TriMas Corp. (A)	369,911		8,544,944
			25,368,208
Professional services – 5.6%
CBIZ, Inc. (A)	127,213		2,661,296
Forrester Research, Inc. (A)(B)	137,098		4,007,375
Huron Consulting Group, Inc. (A)	148,536		6,737,593
ICF International, Inc.	71,275		4,896,593
			18,302,857
Road and rail – 1.3%
Saia, Inc. (A)	57,840		4,253,554
Trading companies and distributors – 1.7%
GATX Corp.	86,485		5,410,502
			98,636,776
Information technology – 9.2%
Electronic equipment, instruments and components – 5.4%
Belden, Inc.	203,144		7,329,436
Coherent, Inc. (A)	28,310		3,012,467
CTS Corp.	202,630		5,043,461

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Rogers Corp. (A)	25,802	$	2,436,225
			17,821,589
IT services – 1.6%
ExlService Holdings, Inc. (A)	16,676		867,652
WNS Holdings, Ltd., ADR (A)	104,269		4,481,482
			5,349,134
Semiconductors and semiconductor equipment – 2.0%
Onto Innovation, Inc. (A)	216,876		6,434,711
Software – 0.2%
CDK Global, Inc.	17,390		571,262
			30,176,696
Materials – 6.0%
Chemicals – 4.0%
Element Solutions, Inc. (A)	367,900		3,075,644
Orion Engineered Carbons SA	444,895		3,318,917
Sensient Technologies Corp.	32,630		1,419,731
Stepan Company	58,100		5,139,526
			12,953,818
Containers and packaging – 0.2%
Sealed Air Corp.	23,090		570,554
Paper and forest products – 1.8%
Louisiana-Pacific Corp.	61,157		1,050,677
Neenah, Inc.	114,535		4,939,895
			5,990,572
			19,514,944
Real estate – 10.6%
Equity real estate investment trusts – 10.6%
Alexander & Baldwin, Inc.	376,900		4,228,818
Brandywine Realty Trust	491,360		5,169,107
Corporate Office Properties Trust	269,117		5,955,559
Lexington Realty Trust	270,700		2,688,051
Physicians Realty Trust	429,420		5,986,115
PotlatchDeltic Corp.	200,887		6,305,843
RPT Realty	710,002		4,281,308
			34,614,801
Utilities – 2.3%
Gas utilities – 2.3%
New Jersey Resources Corp.	86,603		2,941,904
Spire, Inc.	55,460		4,130,661
UGI Corp.	22,245		593,274
			7,665,839
TOTAL COMMON STOCKS (Cost $406,756,047)		$	316,164,880
SHORT-TERM INVESTMENTS – 5.6%
Short-term funds – 2.0%
John Hancock Collateral Trust, 1.1260% (C)(D)	673,531		6,733,630

 

206

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 3.6%
Bank of America Tri-Party Repurchase Agreement dated 3-31-20 at 0.010% to be repurchased at $11,700,003 on 4-1-20, collateralized by $11,851,600 U.S. Treasury Notes, 0.625% - 2.500% due 2-15-22 to 3-31-27 (valued at $11,934,072)	$	11,700,000	$	11,700,000
TOTAL SHORT-TERM INVESTMENTS (Cost $18,435,992)			$	18,433,630
Total Investments (Small Cap Value Trust) (Cost $425,192,039) – 102.0%			$	334,598,510
Other assets and liabilities, net – (2.0%)				(6,407,570)
TOTAL NET ASSETS – 100.0%			$	328,190,940

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 3-31-20. The value of securities on loan amounted to $6,451,228.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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 – 2.5%
Entertainment – 0.1%
Cinemark Holdings, Inc.	8,200	$	83,558
Media – 2.4%
Cable One, Inc.	1,269		2,086,250
Scholastic Corp.	12,344		314,649
			2,400,899
			2,484,457
Consumer discretionary – 8.5%
Auto components – 1.5%
Dorman Products, Inc. (A)	9,546		527,607
Garrett Motion, Inc. (A)	49,752		142,291
LCI Industries	8,045		537,647
Visteon Corp. (A)	6,199		297,428
			1,504,973
Distributors – 1.1%
Pool Corp.	5,565		1,095,025
Diversified consumer services – 1.6%
Strategic Education, Inc.	11,059		1,545,606
Hotels, restaurants and leisure – 0.9%
Marriott Vacations Worldwide Corp.	5,364		298,131
Papa John's International, Inc. (B)	9,290		495,807
Red Robin Gourmet Burgers, Inc. (A)	9,498		80,923
			874,861
Household durables – 0.9%
Cavco Industries, Inc. (A)	6,381		924,862
Specialty retail – 1.7%
Aaron's, Inc.	28,504		649,321
Express, Inc. (A)(B)	69,011		102,826
Lumber Liquidators Holdings, Inc. (A)(B)	28,759		134,880
Monro, Inc. (B)	9,141		400,467

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Sportsman's Warehouse Holdings, Inc. (A)(B)	61,100	$	376,376
			1,663,870
Textiles, apparel and luxury goods – 0.8%
Hanesbrands, Inc.	23,124		181,986
Steven Madden, Ltd.	28,487		661,753
			843,739
			8,452,936
Consumer staples – 3.5%
Beverages – 0.3%
Coca-Cola Consolidated, Inc.	1,362		284,018
Food and staples retailing – 0.4%
Grocery Outlet Holding Corp. (A)(B)	11,352		389,828
Food products – 2.6%
Nomad Foods, Ltd. (A)	73,376		1,361,859
Post Holdings, Inc. (A)	9,430		782,407
The Simply Good Foods Company (A)(B)	25,014		481,770
			2,626,036
Household products – 0.2%
Reynolds Consumer Products, Inc.	7,481		218,221
			3,518,103
Energy – 3.7%
Energy equipment and services – 1.5%
Apergy Corp. (A)(B)	72,446		416,565
Cactus, Inc., Class A	28,242		327,607
Dril-Quip, Inc. (A)(B)	8,171		249,216
Frank's International NV (A)	68,811		178,220
Liberty Oilfield Services, Inc., Class A	77,398		208,201
TETRA Technologies, Inc. (A)(B)	257,715		82,469
			1,462,278
Oil, gas and consumable fuels – 2.2%
International Seaways, Inc.	29,996		716,604
Kimbell Royalty Partners LP	34,548		201,415
Kosmos Energy, Ltd.	100,204		89,743
Magnolia Oil & Gas Corp., Class A (A)(B)	62,861		251,444
Matador Resources Company (A)(B)	41,256		102,315
REX American Resources Corp. (A)	10,071		468,402
WPX Energy, Inc. (A)	119,442		364,298
			2,194,221
			3,656,499
Financials – 26.1%
Banks – 15.0%
Atlantic Capital Bancshares, Inc. (A)	18,845		223,690
BankUnited, Inc.	42,259		790,243
BOK Financial Corp.	7,922		337,160
CenterState Bank Corp.	39,283		676,846
Columbia Banking System, Inc. (B)	34,246		917,793
CrossFirst Bankshares, Inc. (A)	30,045		252,378
East West Bancorp, Inc.	15,353		395,186
FB Financial Corp. (B)	22,268		439,125
Glacier Bancorp, Inc.	25,879		880,015
HarborOne Bancorp, Inc. (A)	69,925		526,535
Heritage Commerce Corp.	32,837		251,860
Heritage Financial Corp.	20,439		408,780
Home BancShares, Inc.	108,397		1,299,680
Hope Bancorp, Inc.	44,482		365,642
Howard Bancorp, Inc. (A)	24,045		261,129
Independent Bank Corp. (Massachusetts)	7,235		465,717
Live Oak Bancshares, Inc. (B)	15,973		199,183

 

207

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
National Bank Holdings Corp., Class A	31,411	$	750,723
Origin Bancorp, Inc.	13,896		281,394
Pinnacle Financial Partners, Inc.	23,185		870,365
Popular, Inc.	18,507		647,745
Prosperity Bancshares, Inc.	15,103		728,720
Texas Capital Bancshares, Inc. (A)	17,448		386,822
Towne Bank	47,141		852,781
Webster Financial Corp.	23,653		541,654
Western Alliance Bancorp	26,128		799,778
Wintrust Financial Corp.	10,641		349,663
			14,900,607
Capital markets – 2.3%
Hercules Capital, Inc.	54,604		417,175
Houlihan Lokey, Inc.	21,128		1,101,191
Main Street Capital Corp. (B)	13,822		283,489
Virtus Investment Partners, Inc.	5,958		453,463
			2,255,318
Consumer finance – 0.7%
Green Dot Corp., Class A (A)	21,487		545,555
PRA Group, Inc. (A)(B)	7,407		205,322
			750,877
Diversified financial services – 0.5%
Cannae Holdings, Inc. (A)	8,745		292,870
Conyers Park II Acquisition Corp. (A)	18,812		190,189
			483,059
Insurance – 3.3%
Assured Guaranty, Ltd.	7,681		198,093
Axis Capital Holdings, Ltd.	5,488		212,111
Employers Holdings, Inc.	13,688		554,501
James River Group Holdings, Ltd.	5,422		196,493
Palomar Holdings, Inc. (A)(B)	5,814		338,142
Primerica, Inc.	1,053		93,169
ProAssurance Corp.	20,353		508,825
Safety Insurance Group, Inc.	6,029		509,028
State Auto Financial Corp.	24,323		675,936
			3,286,298
Mortgage real estate investment trusts – 0.8%
Blackstone Mortgage Trust, Inc., Class A	2,462		45,842
Capstead Mortgage Corp.	90,922		381,872
PennyMac Mortgage Investment Trust	25,505		270,863
Redwood Trust, Inc.	28,611		144,772
			843,349
Thrifts and mortgage finance – 3.5%
Meridian Bancorp, Inc.	43,579		488,956
PCSB Financial Corp.	23,622		330,472
PennyMac Financial Services, Inc. (B)	37,436		827,710
Radian Group, Inc.	51,195		662,975
Velocity Financial, Inc. (A)	14,971		112,732
WSFS Financial Corp.	40,518		1,009,709
			3,432,554
			25,952,062
Health care – 8.2%
Biotechnology – 1.2%
Momenta Pharmaceuticals, Inc. (A)	24,853		676,002
Radius Health, Inc. (A)	8,197		106,561
Ultragenyx Pharmaceutical, Inc. (A)	3,229		143,464
Xencor, Inc. (A)	8,170		244,120
			1,170,147
Health care equipment and supplies – 4.7%
Atrion Corp.	1,474		958,100
Avanos Medical, Inc. (A)	22,764		613,035

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Envista Holdings Corp. (A)	26,780	$	400,093
Mesa Laboratories, Inc. (B)	2,553		577,208
Quidel Corp. (A)(B)	14,542		1,422,353
West Pharmaceutical Services, Inc.	4,493		684,059
			4,654,848
Health care providers and services – 2.0%
Molina Healthcare, Inc. (A)	1,831		255,809
Option Care Health, Inc. (A)	12,591		119,237
Select Medical Holdings Corp. (A)	51,900		778,500
The Ensign Group, Inc.	15,105		568,099
The Pennant Group, Inc. (A)	17,170		243,127
			1,964,772
Health care technology – 0.2%
Phreesia, Inc. (A)	12,053		253,475
Pharmaceuticals – 0.1%
Cara Therapeutics, Inc. (A)(B)	11,377		150,290
			8,193,532
Industrials – 14.3%
Aerospace and defense – 1.7%
Cubic Corp.	17,639		728,667
Parsons Corp. (A)	14,871		475,277
Triumph Group, Inc.	70,319		475,356
			1,679,300
Building products – 1.0%
Universal Forest Products, Inc.	26,446		983,527
Commercial services and supplies – 2.8%
Brady Corp., Class A	11,773		531,315
McGrath RentCorp	13,383		701,002
MSA Safety, Inc.	5,602		566,922
Stericycle, Inc. (A)(B)	15,103		733,704
The Brink's Company	5,545		288,617
			2,821,560
Construction and engineering – 1.0%
Aegion Corp. (A)	56,175		1,007,218
Electrical equipment – 0.3%
Thermon Group Holdings, Inc. (A)	19,453		293,157
Machinery – 2.9%
Blue Bird Corp. (A)	21,498		234,973
CIRCOR International, Inc. (A)(B)	21,845		254,057
ESCO Technologies, Inc.	13,824		1,049,380
Helios Technologies, Inc.	17,781		674,256
RBC Bearings, Inc. (A)	3,663		413,150
SPX Corp. (A)	7,047		230,014
			2,855,830
Marine – 0.2%
Kirby Corp. (A)	5,637		245,040
Professional services – 2.8%
Clarivate Analytics PLC (A)	33,456		694,212
FTI Consulting, Inc. (A)	14,808		1,773,554
Huron Consulting Group, Inc. (A)	6,132		278,148
			2,745,914
Road and rail – 1.0%
Landstar System, Inc.	8,083		774,836
Ryder System, Inc.	7,628		201,684
			976,520
Trading companies and distributors – 0.6%
Beacon Roofing Supply, Inc. (A)(B)	23,263		384,770
Rush Enterprises, Inc., Class A	5,900		188,328
			573,098
			14,181,164

 

208

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Information technology – 9.9%
Communications equipment – 1.0%
Harmonic, Inc. (A)	166,691	$	960,140
Electronic equipment, instruments and components – 3.6%
Belden, Inc.	41,047		1,480,976
Knowles Corp. (A)	56,298		753,267
Littelfuse, Inc.	10,421		1,390,370
			3,624,613
IT services – 0.8%
Conduent, Inc. (A)	39,469		96,699
GTT Communications, Inc. (A)(B)	27,800		221,010
I3 Verticals, Inc., Class A (A)(B)	22,610		431,625
			749,334
Semiconductors and semiconductor equipment – 2.6%
Cabot Microelectronics Corp.	6,686		763,140
Entegris, Inc.	15,728		704,143
MaxLinear, Inc. (A)	35,962		419,677
Onto Innovation, Inc. (A)	10,768		319,487
Semtech Corp. (A)	9,378		351,675
			2,558,122
Software – 1.9%
Ceridian HCM Holding, Inc. (A)	19,621		982,423
Rosetta Stone, Inc. (A)	30,214		423,600
Workiva, Inc. (A)	4,138		133,782
Zendesk, Inc. (A)	5,603		358,648
			1,898,453
			9,790,662
Materials – 3.8%
Chemicals – 1.4%
American Vanguard Corp.	22,908		331,250
Minerals Technologies, Inc.	13,617		493,752
Quaker Chemical Corp. (B)	4,270		539,216
			1,364,218
Containers and packaging – 0.4%
Myers Industries, Inc.	34,871		374,863
Metals and mining – 1.5%
Alcoa Corp. (A)	22,465		138,384
Carpenter Technology Corp. (B)	20,426		398,307
Constellium SE (A)	68,877		358,849
Reliance Steel & Aluminum Company	6,524		571,437
			1,466,977
Paper and forest products – 0.5%
Clearwater Paper Corp. (A)	24,223		528,304
			3,734,362
Real estate – 10.7%
Equity real estate investment trusts – 9.9%
Acadia Realty Trust	19,054		236,079
American Campus Communities, Inc.	14,854		412,199
Cedar Realty Trust, Inc.	228,417		213,136
Douglas Emmett, Inc.	12,638		385,585
EastGroup Properties, Inc.	9,075		948,156
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	31,388		640,629
Healthcare Realty Trust, Inc.	30,385		848,653
JBG SMITH Properties	29,097		926,158
Kilroy Realty Corp.	7,665		488,261
PotlatchDeltic Corp.	26,680		837,485
PS Business Parks, Inc.	6,098		826,401
Saul Centers, Inc.	17,167		562,048
Sunstone Hotel Investors, Inc.	80,336		699,727
Terreno Realty Corp.	29,775		1,540,856

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Washington Real Estate Investment Trust	13,040	$	311,265
			9,876,638
Real estate management and development – 0.8%
The St. Joe Company (A)(B)	47,097		790,288
			10,666,926
Utilities – 7.3%
Electric utilities – 2.4%
MGE Energy, Inc.	8,156		533,973
PNM Resources, Inc.	34,171		1,298,498
Portland General Electric Company	12,126		581,320
			2,413,791
Gas utilities – 4.2%
Chesapeake Utilities Corp.	17,659		1,513,553
ONE Gas, Inc.	18,078		1,511,682
RGC Resources, Inc.	7,005		202,655
Southwest Gas Holdings, Inc.	12,975		902,541
			4,130,431
Water utilities – 0.7%
California Water Service Group	13,331		670,816
			7,215,038
TOTAL COMMON STOCKS (Cost $113,498,150)		$	97,845,741
SHORT-TERM INVESTMENTS – 9.6%
Short-term funds – 9.6%
John Hancock Collateral Trust, 1.1260% (C)(D)	810,201		8,099,982
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (C)	415,399		415,399
T. Rowe Price Government Reserve Fund, 0.9288% (C)	978,334		978,334
TOTAL SHORT-TERM INVESTMENTS (Cost $9,499,758)		$	9,493,715
Total Investments (Small Company Value Trust) (Cost $122,997,908) – 108.1%		$	107,339,456
Other assets and liabilities, net – (8.1%)			(8,044,010)
TOTAL NET ASSETS – 100.0%		$	99,295,446

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $7,639,180.
(C)	The rate shown is the annualized seven-day yield as of 3-31-20.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Strategic Equity Allocation Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.4%
Communication services – 7.8%
Diversified telecommunication services – 1.8%
Anterix, Inc. (A)(B)	2,109	$	96,318
AT&T, Inc.	1,393,496		40,620,408
ATN International, Inc.	2,158		126,696
Bandwidth, Inc., Class A (A)	3,108		209,137
BT Group PLC	1,747,338		2,541,617
Cellnex Telecom SA (A)(C)	52,136		2,365,016
CenturyLink, Inc.	187,174		1,770,666
Cincinnati Bell, Inc. (A)	9,647		141,232
Cogent Communications Holdings, Inc.	8,135		666,826

 

209

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Consolidated Communications Holdings, Inc.	14,161	$	64,433
Deutsche Telekom AG	693,513		8,957,013
Elisa OYJ	29,585		1,826,087
HKT Trust & HKT, Ltd.	788,421		1,072,290
IDT Corp., Class B (A)	3,555		19,268
Iliad SA	5,532		745,349
Intelsat SA (A)(B)	13,371		20,458
Iridium Communications, Inc. (A)(B)	19,123		427,017
Koninklijke KPN NV	743,716		1,778,528
Nippon Telegraph & Telephone Corp.	267,716		6,402,861
Ooma, Inc. (A)	4,171		49,760
Orange SA	414,986		5,024,424
ORBCOMM, Inc. (A)	15,837		38,642
PCCW, Ltd.	886,317		486,026
Proximus SADP	31,625		726,252
Singapore Telecommunications, Ltd.	1,437,549		2,562,751
Singapore Telecommunications, Ltd.	258,829		462,094
Spark New Zealand, Ltd.	382,310		930,454
Swisscom AG (B)	5,389		2,885,705
Telecom Italia SpA (A)	1,897,716		768,146
Telecom Italia SpA	1,251,939		489,132
Telefonica Deutschland Holding AG	185,489		455,395
Telefonica SA	972,198		4,424,560
Telenor ASA	150,106		2,193,906
Telia Company AB	569,099		2,037,021
Telstra Corp., Ltd.	866,197		1,625,979
TPG Telecom, Ltd.	77,379		329,539
United Internet AG	25,562		743,289
Verizon Communications, Inc.	788,939		42,389,692
Vonage Holdings Corp. (A)	43,785		316,566
			138,790,553
Entertainment – 1.4%
Activision Blizzard, Inc.	146,553		8,716,972
AMC Entertainment Holdings, Inc., Class A (B)	10,413		32,905
Bollore SA	183,592		498,935
Cinemark Holdings, Inc.	44,920		457,735
Electronic Arts, Inc. (A)	55,698		5,579,269
Eros International PLC (A)(B)	14,548		24,004
Gaia, Inc. (A)(B)	2,607		23,150
Glu Mobile, Inc. (A)	22,481		141,405
IMAX Corp. (A)	10,271		92,953
Konami Holdings Corp.	19,309		592,258
Liberty Media Corp.-Liberty Braves, Class A (A)	2,177		42,452
Liberty Media Corp.-Liberty Braves, Class C (A)	6,690		127,511
Live Nation Entertainment, Inc. (A)	26,881		1,222,010
Netflix, Inc. (A)	83,600		31,391,800
Nexon Company, Ltd.	102,506		1,675,034
Nintendo Company, Ltd.	23,239		9,031,918
Reading International, Inc., Class A (A)	4,685		18,225
Square Enix Holdings Company, Ltd. (B)	19,100		853,305
Take-Two Interactive Software, Inc. (A)	21,590		2,560,790
The Marcus Corp.	4,610		56,795
The Walt Disney Company	343,824		33,213,398
Toho Company, Ltd.	23,608		721,856
Ubisoft Entertainment SA (A)	17,562		1,283,624
Vivendi SA	177,591		3,754,873
World Wrestling Entertainment, Inc., Class A (B)	19,997		678,498
			102,791,675
Interactive media and services – 2.9%
Alphabet, Inc., Class A (A)	57,157		66,413,576

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Alphabet, Inc., Class C (A)	57,016	$	66,298,775
Auto Trader Group PLC (C)	192,384		1,039,603
Cargurus, Inc. (A)	14,524		275,085
Cars.com, Inc. (A)(B)	13,599		58,476
DHI Group, Inc. (A)	10,534		22,753
Eventbrite, Inc., Class A (A)(B)	7,392		53,962
EverQuote, Inc., Class A (A)	1,681		44,126
Facebook, Inc., Class A (A)	459,056		76,570,541
Kakaku.com, Inc. (B)	28,200		515,762
Liberty TripAdvisor Holdings, Inc., Class A (A)	15,280		27,504
LINE Corp. (A)	12,500		603,504
QuinStreet, Inc. (A)	8,957		72,104
REA Group, Ltd.	10,936		512,286
The Meet Group, Inc. (A)(B)	13,690		80,360
TripAdvisor, Inc.	44,274		769,925
TrueCar, Inc. (A)	20,730		50,167
Twitter, Inc. (A)	148,097		3,637,262
Yelp, Inc. (A)	40,140		723,724
Z Holdings Corp.	551,054		1,756,846
			219,526,341
Media – 1.0%
Altice Europe NV (A)	140,455		542,082
AMC Networks, Inc., Class A (A)	18,571		451,461
Axel Springer SE	9,961		598,903
Boston Omaha Corp., Class A (A)	2,086		37,777
Cable One, Inc.	2,118		3,482,013
Cardlytics, Inc. (A)	2,744		95,930
Central European Media Enterprises, Ltd., Class A (A)	16,357		51,197
Charter Communications, Inc., Class A (A)	29,909		13,049,596
Comcast Corp., Class A	866,010		29,773,424
comScore, Inc. (A)	10,305		29,060
Cumulus Media, Inc., Class A (A)	2,960		16,043
CyberAgent, Inc.	21,000		813,873
Daily Journal Corp. (A)(B)	198		45,203
Dentsu Group, Inc.	44,965		868,812
Discovery, Inc., Series A (A)(B)	30,165		586,408
Discovery, Inc., Series C (A)	63,986		1,122,314
DISH Network Corp., Class A (A)	48,837		976,252
Emerald Holding, Inc.	5,493		14,227
Entercom Communications Corp., Class A	23,679		40,491
Entravision Communications Corp., Class A	12,482		25,338
Eutelsat Communications SA	36,242		376,742
Fox Corp., Class A	67,626		1,598,002
Fox Corp., Class B	30,973		708,662
Gannett Company, Inc.	24,225		35,853
Gray Television, Inc. (A)	17,590		188,917
Hakuhodo DY Holdings, Inc.	48,473		489,090
Hemisphere Media Group, Inc. (A)	3,545		30,274
Informa PLC	260,309		1,417,828
ITV PLC	752,926		617,876
JCDecaux SA	17,655		313,870
John Wiley & Sons, Inc., Class A	18,434		691,091
Liberty Latin America, Ltd., Class A (A)	9,202		96,805
Liberty Latin America, Ltd., Class C (A)	21,785		223,514
Loral Space & Communications, Inc. (A)	2,482		40,333
MDC Partners, Inc., Class A (A)(B)	12,172		17,649
Media General, Inc. (A)(D)	23,288		2,215
Meredith Corp. (B)	24,725		302,140
MSG Networks, Inc., Class A (A)(B)	8,472		86,414
National CineMedia, Inc.	12,246		39,922

 

210

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
News Corp., Class A	74,125	$	665,272
News Corp., Class B	23,224		208,784
Omnicom Group, Inc.	41,534		2,280,217
Pearson PLC	162,526		1,112,662
Publicis Groupe SA	44,964		1,285,022
Saga Communications, Inc., Class A	842		23,163
Schibsted ASA, B Shares	20,387		368,797
Scholastic Corp. (B)	5,827		148,530
SES SA	75,736		444,300
Singapore Press Holdings, Ltd.	336,332		434,881
TechTarget, Inc. (A)	4,433		91,364
TEGNA, Inc.	133,189		1,446,433
Telenet Group Holding NV	9,625		289,026
The EW Scripps Company, Class A	10,802		81,447
The Interpublic Group of Companies, Inc.	73,963		1,197,461
The New York Times Company, Class A	60,573		1,860,197
Tribune Publishing Company	3,482		28,239
ViacomCBS, Inc., Class B	103,086		1,444,235
WideOpenWest, Inc. (A)	5,440		25,894
WPP PLC	262,450		1,784,379
			75,117,904
Wireless telecommunication services – 0.7%
Boingo Wireless, Inc. (A)	8,560		90,822
Gogo, Inc. (A)(B)	11,443		24,259
KDDI Corp.	367,543		10,856,700
Millicom International Cellular SA	20,105		558,588
NTT DOCOMO, Inc.	277,552		8,679,905
Shenandoah Telecommunications Company (B)	9,261		456,104
Softbank Corp. (B)	348,600		4,440,703
SoftBank Group Corp.	326,074		11,543,795
Spok Holdings, Inc.	3,810		40,729
Tele2 AB, B Shares	103,849		1,383,584
Telephone & Data Systems, Inc.	41,211		690,696
T-Mobile US, Inc. (A)	60,387		5,066,469
Vodafone Group PLC	5,569,528		7,705,129
			51,537,483
			587,763,956
Consumer discretionary – 9.9%
Auto components – 0.4%
Adient PLC (A)(B)	53,655		486,651
Aisin Seiki Company, Ltd.	33,758		826,773
American Axle & Manufacturing Holdings, Inc. (A)	22,427		80,961
Aptiv PLC	48,699		2,397,939
BorgWarner, Inc.	39,390		959,934
Bridgestone Corp.	118,906		3,639,784
Cie Generale des Etablissements Michelin SCA	35,557		3,114,251
Continental AG	22,889		1,631,946
Cooper Tire & Rubber Company	9,671		157,637
Cooper-Standard Holdings, Inc. (A)	3,357		34,476
Dana, Inc.	88,471		690,959
Delphi Technologies PLC (A)	36,268		291,957
Denso Corp.	90,195		2,882,131
Dorman Products, Inc. (A)	5,200		287,404
Faurecia SE	15,782		462,122
Fox Factory Holding Corp. (A)	7,264		305,088
Gentex Corp.	106,594		2,362,123
Gentherm, Inc. (A)	6,355		199,547
JTEKT Corp.	43,193		291,724
Koito Manufacturing Company, Ltd.	21,766		731,755
LCI Industries	4,671		312,163

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Auto components (continued)
Lear Corp.	23,187	$	1,883,944
Modine Manufacturing Company (A)	10,483		34,070
Motorcar Parts of America, Inc. (A)(B)	3,816		48,005
NGK Spark Plug Company, Ltd.	32,599		456,952
Nokian Renkaat OYJ	25,981		620,376
Pirelli & C. SpA (B)(C)	83,201		293,549
Standard Motor Products, Inc.	4,043		168,068
Stanley Electric Company, Ltd.	27,267		535,215
Stoneridge, Inc. (A)	5,220		87,435
Sumitomo Electric Industries, Ltd.	156,943		1,639,737
Sumitomo Rubber Industries, Ltd.	35,656		334,910
Tenneco, Inc., Class A (A)	10,786		38,830
The Goodyear Tire & Rubber Company	97,993		570,319
The Yokohama Rubber Company, Ltd.	24,654		305,638
Toyoda Gosei Company, Ltd.	13,503		229,805
Toyota Industries Corp.	30,553		1,456,759
Valeo SA	50,142		816,099
Visteon Corp. (A)	17,180		824,296
			32,491,332
Automobiles – 1.0%
Bayerische Motoren Werke AG	68,921		3,518,360
Daimler AG	189,233		5,651,284
Ferrari NV	25,085		3,863,965
Fiat Chrysler Automobiles NV	225,760		1,611,642
Ford Motor Company	742,825		3,587,845
General Motors Company	239,847		4,984,021
Harley-Davidson, Inc.	29,433		557,167
Honda Motor Company, Ltd.	339,273		7,591,718
Isuzu Motors, Ltd.	114,746		759,375
Mazda Motor Corp. (B)	118,200		624,197
Mitsubishi Motors Corp. (B)	139,537		393,153
Nissan Motor Company, Ltd.	483,076		1,616,232
Peugeot SA	122,297		1,592,218
Renault SA	39,956		759,351
Subaru Corp.	128,027		2,447,246
Suzuki Motor Corp.	76,643		1,824,963
Thor Industries, Inc. (B)	23,259		981,065
Toyota Motor Corp.	475,400		28,649,929
Volkswagen AG	6,863		900,409
Winnebago Industries, Inc.	5,989		166,554
Yamaha Motor Company, Ltd.	58,213		700,008
			72,780,702
Distributors – 0.1%
Core-Mark Holding Company, Inc.	8,782		250,902
Funko, Inc., Class A (A)	4,577		18,262
Genuine Parts Company	27,716		1,866,118
Jardine Cycle & Carriage, Ltd.	20,567		282,780
LKQ Corp. (A)	58,461		1,199,035
Pool Corp.	16,871		3,319,707
Weyco Group, Inc.	1,253		25,273
			6,962,077
Diversified consumer services – 0.1%
Adtalem Global Education, Inc. (A)(B)	33,005		884,204
American Public Education, Inc. (A)	2,965		70,952
Benesse Holdings, Inc.	14,955		380,577
Career Education Corp. (A)	13,390		144,478
Carriage Services, Inc.	3,174		51,260
Chegg, Inc. (A)	22,836		817,072
Collectors Universe, Inc.	1,805		28,284
Graham Holdings Company, Class B	1,833		625,365
Grand Canyon Education, Inc. (A)	20,320		1,550,111
H&R Block, Inc.	37,245		524,410
Houghton Mifflin Harcourt Company (A)	20,729		38,971
K12, Inc. (A)	7,632		143,940

 

211

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Laureate Education, Inc., Class A  (A)	22,387	$	235,287
OneSpaWorld Holdings, Ltd. (B)	8,808		35,760
Regis Corp. (A)(B)	4,659		27,535
Service Corp. International	77,018		3,012,174
Strategic Education, Inc.	4,111		574,553
WW International, Inc. (A)	28,628		484,099
			9,629,032
Hotels, restaurants and leisure – 1.6%
Accor SA (B)	36,503		980,690
Aristocrat Leisure, Ltd.	119,606		1,549,810
BBX Capital Corp.	15,272		35,278
BJ's Restaurants, Inc.	3,984		55,338
Bloomin' Brands, Inc.	17,023		121,544
Boyd Gaming Corp.	49,307		711,007
Brinker International, Inc. (B)	23,083		277,227
Caesars Entertainment Corp. (A)	235,179		1,589,810
Carnival Corp. (B)	76,411		1,006,333
Carnival PLC	33,278		397,201
Chipotle Mexican Grill, Inc. (A)	4,878		3,192,163
Choice Hotels International, Inc.	13,385		819,831
Churchill Downs, Inc.	21,698		2,233,809
Chuy's Holdings, Inc. (A)	3,517		35,416
Compass Group PLC	330,161		5,143,942
Cracker Barrel Old Country Store, Inc. (B)	14,749		1,227,412
Crown Resorts, Ltd.	77,666		360,427
Darden Restaurants, Inc.	23,387		1,273,656
Dave & Buster's Entertainment, Inc. (B)	6,194		81,018
Del Taco Restaurants, Inc. (A)	6,333		21,722
Denny's Corp. (A)	11,529		88,543
Dine Brands Global, Inc.	3,038		87,130
Domino's Pizza, Inc.	16,293		5,280,073
Drive Shack, Inc. (A)	13,344		20,283
Dunkin' Brands Group, Inc.	34,907		1,853,562
El Pollo Loco Holdings, Inc. (A)	4,098		34,628
Eldorado Resorts, Inc. (A)(B)	40,303		580,363
Everi Holdings, Inc. (A)	15,704		51,823
Fiesta Restaurant Group, Inc. (A)	5,055		20,372
Flight Centre Travel Group, Ltd. (D)	11,573		73,065
Flutter Entertainment PLC	16,263		1,462,906
Galaxy Entertainment Group, Ltd.	451,153		2,376,142
Genting Singapore, Ltd.	1,259,221		610,419
Golden Entertainment, Inc. (A)	3,603		23,816
GVC Holdings PLC	121,000		838,134
Hilton Worldwide Holdings, Inc.	53,825		3,673,018
InterContinental Hotels Group PLC	35,985		1,530,919
Jack in the Box, Inc. (B)	14,878		521,474
Las Vegas Sands Corp.	64,464		2,737,786
Lindblad Expeditions Holdings, Inc. (A)	4,943		20,612
Marriott International, Inc., Class A	51,764		3,872,465
Marriott Vacations Worldwide Corp.	23,765		1,320,859
McDonald's Corp.	143,660		23,754,181
McDonald's Holdings Company Japan, Ltd.	13,861		625,156
Melco Resorts & Entertainment, Ltd., ADR	43,700		541,880
MGM Resorts International	98,238		1,159,208
Monarch Casino & Resort, Inc. (A)	2,383		66,891
Nathan's Famous, Inc.	595		36,295
Noodles & Company (A)(B)	5,724		26,960
Norwegian Cruise Line Holdings, Ltd. (A)	40,586		444,823
Oriental Land Company, Ltd.	41,600		5,310,529
Papa John's International, Inc. (B)	13,554		723,377
Penn National Gaming, Inc. (A)	67,119		849,055

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
RCI Hospitality Holdings, Inc.	1,933	$	19,272
Red Robin Gourmet Burgers, Inc. (A)	2,734		23,294
Red Rock Resorts, Inc., Class A	13,887		118,734
Royal Caribbean Cruises, Ltd.	32,791		1,054,886
Ruth's Hospitality Group, Inc.	5,886		39,318
Sands China, Ltd.	504,682		1,836,079
Scientific Games Corp. (A)	33,834		328,190
SeaWorld Entertainment, Inc. (A)	9,189		101,263
Shake Shack, Inc., Class A (A)(B)	5,608		211,646
Six Flags Entertainment Corp.	33,122		415,350
SJM Holdings, Ltd.	412,826		344,476
Sodexo SA (B)	18,413		1,236,528
Starbucks Corp.	225,287		14,810,367
Tabcorp Holdings, Ltd.	420,449		650,686
Texas Roadhouse, Inc.	40,225		1,661,293
The Cheesecake Factory, Inc.	25,359		433,132
The Wendy's Company	77,547		1,153,899
TUI AG	91,693		401,345
Twin River Worldwide Holdings, Inc. (B)	3,700		48,137
Whitbread PLC	27,804		1,030,458
Wingstop, Inc.	5,660		451,102
Wyndham Destinations, Inc.	38,219		829,352
Wyndham Hotels & Resorts, Inc.	40,100		1,263,551
Wynn Macau, Ltd.	324,270		486,311
Wynn Resorts, Ltd.	18,431		1,109,362
Yum! Brands, Inc.	57,698		3,954,044
			115,742,456
Household durables – 0.7%
Barratt Developments PLC	211,793		1,144,807
Bassett Furniture Industries, Inc.	2,580		14,061
Beazer Homes USA, Inc. (A)	5,763		37,114
Casio Computer Company, Ltd.	40,448		565,918
Cavco Industries, Inc. (A)	1,661		240,745
Century Communities, Inc. (A)	5,306		76,990
D.R. Horton, Inc.	63,967		2,174,878
Electrolux AB, Series B	46,934		579,807
Ethan Allen Interiors, Inc.	4,723		48,269
Flexsteel Industries, Inc.	1,766		19,355
Garmin, Ltd.	27,561		2,065,973
GoPro, Inc., Class A (A)	25,538		66,910
Green Brick Partners, Inc. (A)	4,785		38,519
Hamilton Beach Brands Holding Company, Class B	853		8,112
Helen of Troy, Ltd. (A)	15,429		2,222,239
Hooker Furniture Corp.	2,476		38,650
Husqvarna AB, B Shares (B)	86,995		432,774
Iida Group Holdings Company, Ltd. (B)	30,700		424,309
Installed Building Products, Inc. (A)	4,378		174,551
iRobot Corp. (A)(B)	5,388		220,369
KB Home	52,611		952,259
La-Z-Boy, Inc.	8,750		179,813
Leggett & Platt, Inc.	25,104		669,775
Lennar Corp., A Shares	53,390		2,039,498
LGI Homes, Inc. (A)(B)	3,845		173,602
M/I Homes, Inc. (A)	5,080		83,972
MDC Holdings, Inc.	9,610		222,952
Meritage Homes Corp. (A)	6,916		252,503
Mohawk Industries, Inc. (A)	11,340		864,562
Newell Brands, Inc.	72,691		965,336
Nikon Corp. (B)	66,746		612,612
NVR, Inc. (A)	663		1,703,320
Panasonic Corp.	459,409		3,477,912
Persimmon PLC	66,261		1,566,320
PulteGroup, Inc.	48,594		1,084,618
Rinnai Corp.	6,978		491,883

 

212

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
SEB SA (B)	4,715	$	583,980
Sekisui Chemical Company, Ltd.	75,644		996,540
Sekisui House, Ltd.	129,326		2,132,849
Sharp Corp. (A)(B)	44,300		459,857
Skyline Champion Corp. (A)	9,782		153,382
Sonos, Inc. (A)(B)	15,645		132,670
Sony Corp.	264,600		15,673,194
Taylor Morrison Home Corp. (A)	80,669		887,359
Taylor Wimpey PLC	682,121		981,545
Tempur Sealy International, Inc. (A)	19,145		836,828
The Berkeley Group Holdings PLC	24,849		1,109,099
Toll Brothers, Inc.	50,863		979,113
TopBuild Corp. (A)	6,411		459,284
TRI Pointe Group, Inc. (A)	85,200		747,204
Tupperware Brands Corp.	10,085		16,338
Universal Electronics, Inc. (A)	2,692		103,292
Whirlpool Corp.	12,056		1,034,405
ZAGG, Inc. (A)(B)	6,132		19,071
			53,241,297
Internet and direct marketing retail – 2.5%
1-800-Flowers.com, Inc., Class A (A)(B)	4,795		63,438
Amazon.com, Inc. (A)	79,445		154,895,505
Booking Holdings, Inc. (A)	7,984		10,741,035
Delivery Hero SE (A)(C)	23,568		1,732,815
eBay, Inc.	145,876		4,385,033
Etsy, Inc. (A)	49,927		1,919,194
Expedia Group, Inc.	26,658		1,500,046
Groupon, Inc. (A)	91,168		89,363
GrubHub, Inc. (A)	38,533		1,569,449
Liquidity Services, Inc. (A)	5,618		21,798
Mercari, Inc. (A)	15,800		306,853
Ocado Group PLC (A)	95,610		1,434,176
Overstock.com, Inc. (A)	7,041		35,135
PetMed Express, Inc. (B)	3,795		109,220
Prosus NV (A)	101,436		7,102,628
Quotient Technology, Inc. (A)	14,531		94,452
Rakuten, Inc.	179,005		1,349,528
Shutterstock, Inc.	3,723		119,732
Stamps.com, Inc. (A)	3,185		414,305
Stitch Fix, Inc., Class A (A)(B)	8,080		102,616
The RealReal, Inc. (A)(B)	10,138		71,067
The Rubicon Project, Inc. (A)(B)	9,480		52,614
Waitr Holdings, Inc. (A)	11,650		14,330
Zalando SE (A)(B)(C)	28,792		1,085,172
ZOZO, Inc.	22,600		303,323
			189,512,827
Leisure products – 0.2%
Acushnet Holdings Corp.	6,775		174,253
American Outdoor Brands Corp. (A)	10,595		87,939
Bandai Namco Holdings, Inc.	41,593		2,017,394
Brunswick Corp.	34,372		1,215,738
Callaway Golf Company	18,060		184,573
Clarus Corp.	4,808		47,118
Escalade, Inc.	2,292		13,637
Hasbro, Inc.	24,275		1,736,876
Johnson Outdoors, Inc., Class A	1,049		65,772
Malibu Boats, Inc., Class A (A)	4,003		115,246
MasterCraft Boat Holdings, Inc. (A)	3,755		27,412
Mattel, Inc. (A)(B)	146,094		1,287,088
Polaris, Inc.	24,230		1,166,675
Sankyo Company, Ltd.	9,451		274,085
Sega Sammy Holdings, Inc.	36,036		437,198
Shimano, Inc.	15,481		2,207,797
Sturm Ruger & Company, Inc.	3,221		163,981
Vista Outdoor, Inc. (A)(B)	11,450		100,760

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
Yamaha Corp.	29,873	$	1,157,741
YETI Holdings, Inc. (A)(B)	10,736		209,567
			12,690,850
Multiline retail – 0.4%
Big Lots, Inc.	7,648		108,755
Dillard's, Inc., Class A (B)	6,052		223,621
Dollar General Corp.	48,567		7,334,103
Dollar Tree, Inc. (A)	45,145		3,316,803
Harvey Norman Holdings, Ltd.	116,858		214,570
Isetan Mitsukoshi Holdings, Ltd.	69,828		405,128
J Front Retailing Company, Ltd.	47,800		394,510
J.C. Penney Company, Inc. (A)(B)	66,289		23,864
Kohl's Corp.	29,867		435,760
Macy's, Inc. (B)	58,944		289,415
Marks & Spencer Group PLC	405,136		491,120
Marui Group Company, Ltd. (B)	39,541		661,471
Next PLC	27,712		1,390,277
Nordstrom, Inc. (B)	20,435		313,473
Ollie's Bargain Outlet Holdings, Inc. (A)(B)	23,043		1,067,813
Pan Pacific International Holdings Corp.	92,200		1,746,020
Ryohin Keikaku Company, Ltd. (B)	49,560		551,136
Target Corp.	96,665		8,986,945
Wesfarmers, Ltd.	235,972		5,000,290
			32,955,074
Specialty retail – 1.6%
Aaron's, Inc.	41,376		942,545
ABC-Mart, Inc.	6,864		343,531
Abercrombie & Fitch Company, Class A (B)	12,273		111,562
Advance Auto Parts, Inc.	13,212		1,232,944
American Eagle Outfitters, Inc.	97,162		772,438
America's Car-Mart, Inc. (A)	1,176		66,268
Asbury Automotive Group, Inc. (A)	3,699		204,296
At Home Group, Inc. (A)	9,695		19,584
AutoNation, Inc. (A)	24,810		696,169
AutoZone, Inc. (A)	4,545		3,845,070
Barnes & Noble Education, Inc. (A)(B)	9,092		12,365
Bed Bath & Beyond, Inc. (B)	77,153		324,814
Best Buy Company, Inc.	43,440		2,476,080
Boot Barn Holdings, Inc. (A)	5,541		71,645
Caleres, Inc.	8,206		42,671
Camping World Holdings, Inc., Class A	6,449		36,695
CarMax, Inc. (A)(B)	31,367		1,688,486
Chico's FAS, Inc.	22,485		29,006
Citi Trends, Inc.	2,171		19,322
Conn's, Inc. (A)	3,810		15,926
Designer Brands, Inc., Class A	11,951		59,516
Dick's Sporting Goods, Inc.	26,797		569,704
Dufry AG (A)	8,407		258,013
Express, Inc. (A)	13,315		19,839
Fast Retailing Company, Ltd.	12,146		4,956,077
Five Below, Inc. (A)	23,459		1,651,044
Foot Locker, Inc.	45,103		994,521
GameStop Corp., Class A (A)(B)	15,314		53,599
Genesco, Inc. (A)	2,765		36,885
Group 1 Automotive, Inc.	3,394		150,218
Guess?, Inc.	8,872		60,063
Haverty Furniture Companies, Inc.	3,508		41,710
Hennes & Mauritz AB, B Shares (B)	167,140		2,138,856
Hibbett Sports, Inc. (A)	3,334		36,457
Hikari Tsushin, Inc.	4,400		736,265
Hudson, Ltd., Class A (A)	8,236		41,345
Industria de Diseno Textil SA	227,008		5,882,596
JD Sports Fashion PLC	91,038		509,880

 

213

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Kingfisher PLC	438,227	$	769,749
L Brands, Inc. (B)	44,302		512,131
Lithia Motors, Inc., Class A	4,305		352,106
Lowe's Companies, Inc.	146,212		12,581,543
Lumber Liquidators Holdings, Inc. (A)(B)	5,676		26,620
MarineMax, Inc. (A)	4,102		42,743
Monro, Inc.	6,309		276,397
Murphy USA, Inc. (A)	17,788		1,500,596
National Vision Holdings, Inc. (A)	15,105		293,339
Nitori Holdings Company, Ltd.	16,711		2,258,337
Office Depot, Inc.	105,359		172,789
O'Reilly Automotive, Inc. (A)	14,433		4,345,055
Rent-A-Center, Inc.	9,554		135,094
RH (A)(B)	10,144		1,019,168
Ross Stores, Inc.	69,003		6,001,191
Sally Beauty Holdings, Inc. (A)(B)	71,962		581,453
Shimamura Company, Ltd.	4,570		276,182
Shoe Carnival, Inc. (B)	1,853		38,487
Signet Jewelers, Ltd. (B)	10,308		66,487
Sleep Number Corp. (A)	5,467		104,748
Sonic Automotive, Inc., Class A	4,573		60,729
Sportsman's Warehouse Holdings, Inc. (A)	8,275		50,974
Tailored Brands, Inc. (B)	10,830		18,844
The Buckle, Inc.	5,599		76,762
The Cato Corp., Class A	4,215		44,974
The Children's Place, Inc.	2,886		56,450
The Gap, Inc.	40,590		285,754
The Home Depot, Inc.	208,086		38,851,737
The Michaels Companies, Inc. (A)(B)	16,150		26,163
The TJX Companies, Inc.	231,328		11,059,792
Tiffany & Company	20,592		2,666,664
Tilly's, Inc., Class A	4,370		18,048
Tractor Supply Company	22,583		1,909,393
Ulta Beauty, Inc. (A)	10,904		1,915,833
Urban Outfitters, Inc. (A)	29,724		423,270
USS Company, Ltd.	45,548		624,575
Williams-Sonoma, Inc.	32,703		1,390,532
Winmark Corp.	468		59,633
Yamada Denki Company, Ltd. (A)(B)	130,608		520,215
Zumiez, Inc. (A)	3,957		68,535
			122,631,097
Textiles, apparel and luxury goods – 1.3%
adidas AG	37,538		8,334,459
Burberry Group PLC	85,631		1,391,910
Capri Holdings, Ltd. (A)	28,926		312,112
Carter's, Inc.	18,602		1,222,709
Cie Financiere Richemont SA	108,637		5,807,064
Columbia Sportswear Company	12,235		853,636
Crocs, Inc. (A)	13,321		226,324
Culp, Inc.	2,332		17,164
Deckers Outdoor Corp. (A)(B)	17,179		2,301,986
Delta Apparel, Inc. (A)	1,381		14,376
EssilorLuxottica SA	58,997		6,246,287
Fossil Group, Inc. (A)(B)	9,323		30,673
G-III Apparel Group, Ltd. (A)	8,863		68,245
Hanesbrands, Inc.	68,997		543,006
Hermes International	6,596		4,487,988
Kering SA	15,768		8,221,632
Kontoor Brands, Inc. (B)	8,516		163,252
LVMH Moet Hennessy Louis Vuitton SE	57,851		21,216,916
Moncler SpA	37,578		1,365,535
Movado Group, Inc.	3,364		39,762
NIKE, Inc., Class B	237,691		19,666,553

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Oxford Industries, Inc.	3,226	$	116,975
Pandora A/S	20,796		668,199
Puma SE	17,271		1,014,759
PVH Corp.	14,144		532,380
Ralph Lauren Corp.	9,487		634,016
Rocky Brands, Inc.	1,396		27,013
Skechers U.S.A., Inc., Class A (A)	56,427		1,339,577
Steven Madden, Ltd.	16,127		374,630
Superior Group of Companies, Inc.	2,335		19,754
Tapestry, Inc.	52,637		681,649
The Swatch Group AG	11,269		436,277
The Swatch Group AG, Bearer Shares	5,963		1,171,124
Under Armour, Inc., Class A (A)	35,901		330,648
Under Armour, Inc., Class C (A)	37,117		299,163
Unifi, Inc. (A)	2,803		32,375
Vera Bradley, Inc. (A)	4,179		17,217
VF Corp.	62,471		3,378,432
Wolverine World Wide, Inc.	15,324		232,925
Yue Yuen Industrial Holdings, Ltd.	151,487		231,487
			94,070,189
			742,706,933
Consumer staples – 8.6%
Beverages – 1.8%
Anheuser-Busch InBev SA	158,558		7,003,480
Asahi Group Holdings, Ltd.	75,481		2,448,843
Brown-Forman Corp., Class B	34,756		1,929,306
Budweiser Brewing Company APAC, Ltd. (A)(C)	275,500		708,511
Carlsberg A/S, Class B	22,246		2,504,449
Celsius Holdings, Inc. (A)(B)	5,925		24,944
Coca-Cola Amatil, Ltd.	105,559		569,731
Coca-Cola Bottlers Japan Holdings, Inc. (B)	25,700		527,453
Coca-Cola Consolidated, Inc.	910		189,762
Coca-Cola European Partners PLC	48,258		1,811,123
Coca-Cola HBC AG	41,533		890,728
Constellation Brands, Inc., Class A	31,952		4,580,639
Craft Brew Alliance, Inc. (A)	2,335		34,792
Davide Campari-Milano SpA (B)	120,876		866,845
Diageo PLC	492,265		15,609,491
Heineken Holding NV	24,043		1,873,634
Heineken NV	53,978		4,580,780
Kirin Holdings Company, Ltd.	171,092		3,379,108
MGP Ingredients, Inc.	2,615		70,317
Molson Coors Beverage Company, Class B (B)	35,835		1,397,923
Monster Beverage Corp. (A)	72,823		4,097,022
National Beverage Corp. (A)	2,333		99,502
New Age Beverages Corp. (A)	15,740		21,879
PepsiCo, Inc.	266,001		31,946,720
Pernod Ricard SA	44,186		6,271,589
Primo Water Corp.	4,044		36,639
Remy Cointreau SA (B)	4,693		511,484
Suntory Beverage & Food, Ltd.	28,959		1,094,329
The Boston Beer Company, Inc., Class A (A)	5,485		2,016,067
The Coca-Cola Company	735,576		32,549,238
Treasury Wine Estates, Ltd.	149,744		929,696
			130,576,024
Food and staples retailing – 1.5%
Aeon Company, Ltd. (B)	136,078		3,014,678
BJ's Wholesale Club Holdings, Inc. (A)	73,010		1,859,565
Carrefour SA	125,927		1,996,481
Casey's General Stores, Inc.	15,499		2,053,463

 

214

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food and staples retailing (continued)
Casino Guichard Perrachon SA (B)	11,272	$	431,380
Coles Group, Ltd.	236,044		2,198,286
Colruyt SA (B)	11,495		623,119
Costco Wholesale Corp.	84,274		24,029,046
Dairy Farm International Holdings, Ltd.	70,500		324,262
FamilyMart Company, Ltd.	52,664		945,630
HF Foods Group, Inc. (A)	4,254		35,691
ICA Gruppen AB	18,845		787,068
Ingles Markets, Inc., Class A	2,771		100,199
J Sainsbury PLC	367,721		951,445
Jeronimo Martins SGPS SA	52,300		943,969
Koninklijke Ahold Delhaize NV	246,418		5,740,688
Lawson, Inc.	10,389		570,250
METRO AG	37,497		319,369
Natural Grocers by Vitamin Cottage, Inc.	2,001		17,029
Performance Food Group Company (A)	22,063		545,397
PriceSmart, Inc.	4,336		227,857
Rite Aid Corp. (A)(B)	10,695		160,425
Seven & i Holdings Company, Ltd.	156,729		5,175,956
SpartanNash Company	7,049		100,942
Sprouts Farmers Market, Inc. (A)(B)	49,780		925,410
Sundrug Company, Ltd.	14,892		477,202
Sysco Corp.	97,331		4,441,214
Tesco PLC	2,037,579		5,754,177
The Andersons, Inc.	6,186		115,988
The Chefs' Warehouse, Inc. (A)	4,728		47,611
The Kroger Company	152,989		4,608,029
Tsuruha Holdings, Inc.	7,698		1,014,962
United Natural Foods, Inc. (A)(B)	10,454		95,968
Village Super Market, Inc., Class A	1,645		40,434
Walgreens Boots Alliance, Inc.	143,019		6,543,119
Walmart, Inc.	270,609		30,746,595
Weis Markets, Inc.	1,822		75,905
Welcia Holdings Company, Ltd.	9,800		686,599
Wm Morrison Supermarkets PLC	498,771		1,089,641
Woolworths Group, Ltd.	261,997		5,697,482
			115,512,531
Food products – 2.2%
a2 Milk Company, Ltd. (A)	153,003		1,563,020
Ajinomoto Company, Inc.	91,396		1,703,115
Alico, Inc.	1,051		32,623
Archer-Daniels-Midland Company	106,193		3,735,870
Associated British Foods PLC	74,128		1,660,444
B&G Foods, Inc. (B)	12,277		222,091
Barry Callebaut AG	628		1,256,973
Calavo Growers, Inc. (B)	3,134		180,800
Calbee, Inc.	16,700		450,681
Cal-Maine Foods, Inc.	6,074		267,135
Campbell Soup Company	32,224		1,487,460
Chocoladefabriken Lindt & Spruengli AG	21		1,822,679
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	221		1,854,958
Conagra Brands, Inc.	92,834		2,723,750
Danone SA	128,485		8,222,806
Darling Ingredients, Inc. (A)	100,603		1,928,560
Farmer Brothers Company (A)	2,402		16,718
Flowers Foods, Inc.	81,103		1,664,234
Fresh Del Monte Produce, Inc.	5,909		163,147
Freshpet, Inc. (A)	6,630		423,458
General Mills, Inc.	115,294		6,084,064
Hormel Foods Corp. (B)	53,043		2,473,926
Hostess Brands, Inc. (A)	23,027		245,468
Ingredion, Inc.	28,132		2,123,966
J&J Snack Foods Corp. (B)	2,895		350,295

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
John B. Sanfilippo & Son, Inc.	1,670	$	149,298
Kellogg Company	47,499		2,849,465
Kerry Group PLC, Class A	31,839		3,716,448
Kerry Group PLC, Class A (London Stock Exchange)	1,204		138,656
Kikkoman Corp.	30,246		1,282,415
Lamb Weston Holdings, Inc.	27,863		1,590,977
Lancaster Colony Corp.	11,963		1,730,328
Landec Corp. (A)	5,170		44,927
Limoneira Company	3,135		41,069
McCormick & Company, Inc.	23,572		3,328,602
MEIJI Holdings Company, Ltd.	23,800		1,686,614
Mondelez International, Inc., Class A	274,660		13,754,973
Mowi ASA	91,481		1,383,142
Nestle SA	619,311		63,397,495
NH Foods, Ltd.	17,141		596,517
Nisshin Seifun Group, Inc.	41,100		685,641
Nissin Foods Holdings Company, Ltd.	13,175		1,093,351
Orkla ASA	156,420		1,340,161
Pilgrim's Pride Corp. (A)	22,084		400,162
Post Holdings, Inc. (A)	28,006		2,323,658
Sanderson Farms, Inc. (B)	12,137		1,496,735
Seneca Foods Corp., Class A (A)	1,304		51,873
The Hain Celestial Group, Inc. (A)(B)	33,851		879,110
The Hershey Company	28,291		3,748,558
The J.M. Smucker Company	21,757		2,415,027
The Kraft Heinz Company	118,803		2,939,186
The Simply Good Foods Company (A)	15,907		306,369
Tootsie Roll Industries, Inc. (B)	10,458		376,053
Toyo Suisan Kaisha, Ltd.	18,450		891,735
TreeHouse Foods, Inc. (A)	23,686		1,045,737
Tyson Foods, Inc., Class A	56,309		3,258,602
Vitasoy International Holdings, Ltd.	154,000		463,445
WH Group, Ltd. (C)	1,989,000		1,835,863
Wilmar International, Ltd.	400,503		905,700
Yakult Honsha Company, Ltd.	24,903		1,467,036
Yamazaki Baking Company, Ltd.	25,190		525,028
			166,798,197
Household products – 1.4%
Central Garden & Pet Company (A)	2,142		58,905
Central Garden & Pet Company, Class A (A)	7,838		200,418
Church & Dwight Company, Inc.	46,813		3,004,458
Colgate-Palmolive Company	163,489		10,849,130
Energizer Holdings, Inc. (B)	27,109		820,047
Essity AB, B Shares	126,207		3,866,170
Henkel AG & Company KGaA	21,679		1,592,493
Kimberly-Clark Corp.	65,393		8,361,803
Lion Corp.	46,700		995,937
Oil-Dri Corp. of America	1,077		36,015
Pigeon Corp.	24,000		918,845
Reckitt Benckiser Group PLC	147,614		11,244,582
The Clorox Company	23,941		4,147,778
The Procter & Gamble Company	475,718		52,328,980
Unicharm Corp.	84,000		3,144,443
WD-40 Company	2,634		529,039
			102,099,043
Personal products – 0.9%
Beiersdorf AG	20,982		2,112,693
BellRing Brands, Inc. Class A (A)	7,747		132,086
Coty, Inc., Class A	56,384		290,941
Edgewell Personal Care Company (A)	33,275		801,262
elf Beauty, Inc. (A)	5,035		49,544
Inter Parfums, Inc.	3,414		158,239
Kao Corp.	100,275		8,169,227

 

215

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Personal products (continued)
Kobayashi Pharmaceutical Company, Ltd.	10,200	$	943,713
Kose Corp.	6,900		853,817
Lifevantage Corp. (A)	2,808		28,922
L'Oreal SA	52,585		13,609,555
Medifast, Inc. (B)	2,155		134,688
Nu Skin Enterprises, Inc., Class A	23,406		511,421
Pola Orbis Holdings, Inc.	18,972		348,789
Revlon, Inc., Class A (A)(B)	1,569		17,149
Shiseido Company, Ltd.	83,260		4,893,394
The Estee Lauder Companies, Inc., Class A	42,454		6,764,620
Unilever NV	305,480		15,014,719
Unilever PLC	230,971		11,647,912
USANA Health Sciences, Inc. (A)	2,459		142,032
			66,624,723
Tobacco – 0.8%
22nd Century Group, Inc. (A)	25,552		19,164
Altria Group, Inc.	356,362		13,780,519
British American Tobacco PLC	477,324		16,260,169
Imperial Brands PLC	198,336		3,660,360
Japan Tobacco, Inc.	249,666		4,617,994
Philip Morris International, Inc.	296,798		21,654,382
Swedish Match AB	35,349		2,001,448
Turning Point Brands, Inc.	1,629		34,388
Universal Corp.	4,646		205,400
Vector Group, Ltd.	21,378		201,381
			62,435,205
			644,045,723
Energy – 2.8%
Energy equipment and services – 0.1%
Apergy Corp. (A)	32,640		187,680
Archrock, Inc.	25,623		96,342
Baker Hughes Company	123,968		1,301,664
Cactus, Inc., Class A	9,326		108,182
Core Laboratories NV (B)	18,698		193,337
Diamond Offshore Drilling, Inc. (A)(B)	14,026		25,668
DMC Global, Inc. (B)	2,740		63,047
Dril-Quip, Inc. (A)	7,036		214,598
Era Group, Inc. (A)	4,091		21,805
Exterran Corp. (A)	5,986		28,733
Frank's International NV (A)	22,023		57,040
Geospace Technologies Corp. (A)	2,996		19,174
Halliburton Company	167,449		1,147,026
Helix Energy Solutions Group, Inc. (A)	29,447		48,293
Helmerich & Payne, Inc.	20,687		323,752
Liberty Oilfield Services, Inc., Class A	11,979		32,224
Matrix Service Company (A)	5,334		50,513
Nabors Industries, Ltd.	72,803		28,400
National Energy Services Reunited Corp. (A)	4,692		23,835
National Oilwell Varco, Inc.	73,601		723,498
Natural Gas Services Group, Inc. (A)	3,239		14,446
Newpark Resources, Inc. (A)	19,183		17,207
NexTier Oilfield Solutions, Inc. (A)	31,911		37,336
Noble Corp. PLC (A)(B)	55,352		14,392
Oceaneering International, Inc. (A)	19,907		58,527
Oil States International, Inc. (A)	12,767		25,917
Patterson-UTI Energy, Inc.	81,973		192,637
ProPetro Holding Corp. (A)	16,836		42,090
RPC, Inc. (B)	12,008		24,736
Schlumberger, Ltd.	264,085		3,562,507
SEACOR Holdings, Inc. (A)	3,318		89,453
SEACOR Marine Holdings, Inc. (A)	4,417		19,346

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Select Energy Services, Inc., Class A (A)	12,227	$	39,493
Solaris Oilfield Infrastructure, Inc., Class A (B)	6,287		33,007
TechnipFMC PLC	80,165		540,312
Tenaris SA	98,074		591,663
Tidewater, Inc. (A)	8,089		57,270
Transocean, Ltd. (A)(B)	242,348		281,124
U.S. Silica Holdings, Inc.	16,062		28,912
Worley, Ltd.	70,116		260,190
			10,625,376
Oil, gas and consumable fuels – 2.7%
Aker BP ASA	22,482		282,004
Antero Midstream Corp. (B)	125,154		262,823
Apache Corp.	71,732		299,840
Arch Coal, Inc., Class A (B)	2,919		84,359
Ardmore Shipping Corp.	6,676		35,049
Berry Corp.	12,932		31,166
Bonanza Creek Energy, Inc. (A)	3,939		44,314
BP PLC	4,239,118		17,384,387
Brigham Minerals, Inc., Class A	5,875		48,586
Cabot Oil & Gas Corp.	77,816		1,337,657
California Resources Corp. (A)(B)	10,067		10,067
Callon Petroleum Company (A)	77,985		42,728
Caltex Australia, Ltd.	51,956		701,551
Chevron Corp.	360,701		26,136,394
Cimarex Energy Company	42,899		721,990
Clean Energy Fuels Corp. (A)	26,480		47,134
CNX Resources Corp. (A)	114,838		610,938
Comstock Resources, Inc. (A)	3,384		18,240
Concho Resources, Inc.	38,348		1,643,212
ConocoPhillips	209,314		6,446,871
CONSOL Energy, Inc. (A)(B)	5,189		19,147
CVR Energy, Inc.	5,785		95,626
Delek US Holdings, Inc. (B)	14,285		225,132
Denbury Resources, Inc. (A)	98,588		18,199
Devon Energy Corp.	73,824		510,124
DHT Holdings, Inc. (B)	21,052		161,469
Diamond S Shipping, Inc. (A)	5,213		61,566
Diamondback Energy, Inc.	30,739		805,362
Dorian LPG, Ltd. (A)	5,233		45,579
Energy Fuels, Inc. (A)(B)	21,022		24,806
Eni SpA	529,215		5,259,055
EOG Resources, Inc.	110,977		3,986,294
EQT Corp.	107,719		761,573
Equinor ASA	208,431		2,598,328
Equitrans Midstream Corp. (B)	85,872		431,936
Evolution Petroleum Corp.	7,823		20,418
Exxon Mobil Corp.	807,123		30,646,460
Falcon Minerals Corp.	9,193		19,765
Galp Energia SGPS SA	104,186		1,191,489
GasLog, Ltd.	8,200		29,684
Golar LNG, Ltd.	18,438		145,291
Green Plains, Inc. (B)	6,772		32,844
Gulfport Energy Corp. (A)(B)	35,849		15,942
Hess Corp.	49,407		1,645,253
HollyFrontier Corp.	28,324		694,221
Idemitsu Kosan Company, Ltd. (B)	40,786		930,886
Inpex Corp.	212,941		1,194,612
International Seaways, Inc.	4,901		117,085
JXTG Holdings, Inc.	657,811		2,241,416
Kinder Morgan, Inc.	371,574		5,172,310
Koninklijke Vopak NV	14,668		770,218
Laredo Petroleum, Inc. (A)(B)	39,659		15,062
Lundin Petroleum AB	38,659		729,749

 

216

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Magnolia Oil & Gas Corp., Class A (A)(B)	20,620	$	82,480
Marathon Oil Corp.	152,594		502,034
Marathon Petroleum Corp.	123,864		2,925,668
Matador Resources Company (A)	68,825		170,686
Murphy Oil Corp. (B)	62,938		385,810
NACCO Industries, Inc., Class A	738		20,649
Neste OYJ	88,030		2,926,780
Noble Energy, Inc.	91,240		551,090
Nordic American Tankers, Ltd.	26,770		121,268
Northern Oil and Gas, Inc. (A)(B)	61,509		40,787
Oasis Petroleum, Inc. (A)(B)	66,793		23,378
Occidental Petroleum Corp.	170,408		1,973,325
Oil Search, Ltd.	285,669		414,293
OMV AG	30,682		839,670
ONEOK, Inc.	78,800		1,718,628
Origin Energy, Ltd.	366,493		984,850
Overseas Shipholding Group, Inc., Class A (A)	12,946		29,387
Panhandle Oil and Gas, Inc., Class A	3,805		14,040
Par Pacific Holdings, Inc. (A)	6,803		48,301
PBF Energy, Inc., Class A	42,923		303,895
PDC Energy, Inc. (A)	19,710		122,399
Peabody Energy Corp.	13,373		38,782
Phillips 66	84,765		4,547,642
Pioneer Natural Resources Company	31,599		2,216,670
QEP Resources, Inc.	52,058		17,413
Renewable Energy Group, Inc. (A)(B)	7,136		146,502
Repsol SA	299,333		2,670,424
REX American Resources Corp. (A)	1,069		49,719
Royal Dutch Shell PLC, A Shares	890,272		15,467,297
Royal Dutch Shell PLC, B Shares	777,481		13,041,514
Santos, Ltd.	368,504		756,816
Scorpio Tankers, Inc.	8,540		163,285
SFL Corp., Ltd. (B)	15,087		142,874
SM Energy Company	23,147		28,239
Southwestern Energy Company (A)(B)	105,598		178,461
Talos Energy, Inc. (A)	4,209		24,202
Teekay Corp. (A)	13,710		43,324
Teekay Tankers, Ltd., Class A (A)	4,650		103,416
Tellurian, Inc. (A)(B)	20,459		18,493
The Williams Companies, Inc.	231,209		3,271,607
TOTAL SA	499,396		18,816,629
Uranium Energy Corp. (A)(B)	40,413		22,631
Valero Energy Corp.	78,336		3,553,321
W&T Offshore, Inc. (A)	19,375		32,938
Washington H. Soul Pattinson & Company, Ltd.	24,939		257,705
Whiting Petroleum Corp. (A)(B)	18,936		12,695
Woodside Petroleum, Ltd.	194,841		2,162,046
World Fuel Services Corp.	40,003		1,007,276
WPX Energy, Inc. (A)	175,601		535,583
			200,333,133
			210,958,509
Financials – 12.8%
Banks – 5.5%
1st Constitution Bancorp	1,535		20,339
1st Source Corp.	2,636		85,485
ABN AMRO Bank NV (C)	87,874		713,077
ACNB Corp.	1,665		49,950
AIB Group PLC (A)	168,652		187,006
Allegiance Bancshares, Inc.	3,669		88,460
Amalgamated Bank, Class A	2,743		29,679
Amerant Bancorp, Inc. (A)(B)	3,786		58,267
American National Bankshares, Inc.	2,297		54,898

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Ameris Bancorp	11,813	$	280,677
Ames National Corp.	1,891		38,671
Aozora Bank, Ltd.	24,427		466,170
Arrow Financial Corp.	2,460		68,560
Associated Banc-Corp.	67,141		858,733
Atlantic Capital Bancshares, Inc. (A)	4,284		50,851
Atlantic Union Bankshares Corp.	15,412		337,523
Australia & New Zealand Banking Group, Ltd.	589,706		6,184,480
Banc of California, Inc.	8,675		69,400
BancFirst Corp.	3,546		118,330
Banco Bilbao Vizcaya Argentaria SA	1,386,221		4,292,504
Banco de Sabadell SA	1,186,048		599,803
Banco Espirito Santo SA (A)	625,609		1,000
Banco Santander SA	3,456,654		8,222,756
BancorpSouth Bank	59,526		1,126,232
Bank First Corp.	1,102		61,712
Bank Hapoalim BM	247,094		1,480,555
Bank Leumi Le-Israel BM	321,195		1,771,057
Bank of America Corp.	1,544,310		32,785,701
Bank of Commerce Holdings	3,994		31,433
Bank of Hawaii Corp.	16,970		937,423
Bank of Ireland Group PLC	200,668		374,059
Bank of Marin Bancorp	2,588		77,640
Bank OZK	50,937		850,648
BankFinancial Corp.	3,237		28,518
Bankia SA	253,929		276,902
Bankinter SA	139,957		507,712
Bankwell Financial Group, Inc.	1,509		23,027
Banner Corp.	6,797		224,573
Bar Harbor Bankshares	3,130		54,086
Barclays PLC	3,587,164		4,076,569
Baycom Corp. (A)(B)	2,343		28,233
BCB Bancorp, Inc.	3,286		34,996
Bendigo & Adelaide Bank, Ltd.	101,954		391,693
Berkshire Hills Bancorp, Inc.	8,837		131,318
BNP Paribas SA	233,890		6,828,469
BOC Hong Kong Holdings, Ltd.	768,741		2,110,209
Boston Private Financial Holdings, Inc.	16,357		116,953
Bridge Bancorp, Inc.	3,213		67,987
Brookline Bancorp, Inc.	15,109		170,430
Bryn Mawr Bank Corp.	3,829		108,667
Business First Bancshares, Inc.	2,616		35,316
Byline Bancorp, Inc.	4,598		47,681
C&F Financial Corp.	709		28,289
Cadence BanCorp	24,405		159,853
CaixaBank SA	745,451		1,379,535
Cambridge Bancorp (B)	924		48,048
Camden National Corp.	2,849		89,601
Capital Bancorp, Inc. (A)	1,988		24,890
Capital City Bank Group, Inc.	2,610		52,513
Capstar Financial Holdings, Inc.	3,339		33,023
Carolina Financial Corp.	4,506		116,570
Carter Bank & Trust	4,529		41,576
Cathay General Bancorp	46,606		1,069,608
CBTX, Inc.	3,712		65,962
CenterState Bank Corp.	23,276		401,045
Central Pacific Financial Corp.	5,294		84,175
Central Valley Community Bancorp	2,563		33,422
Century Bancorp, Inc., Class A	601		37,406
Chemung Financial Corp.	814		26,846
CIT Group, Inc.	39,912		688,881
Citigroup, Inc.	416,465		17,541,506
Citizens & Northern Corp.	2,240		44,800
Citizens Financial Group, Inc.	82,927		1,559,857

 

217

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
City Holding Company	2,965	$	197,261
Civista Bancshares, Inc.	3,115		46,600
CNB Financial Corp.	2,933		55,346
Coastal Financial Corp. (A)	1,802		18,939
Codorus Valley Bancorp, Inc.	1,902		30,622
Colony Bankcorp, Inc.	1,698		21,225
Columbia Banking System, Inc.	13,869		371,689
Comerica, Inc.	27,499		806,821
Commerce Bancshares, Inc. (B)	43,700		2,200,295
Commerzbank AG	207,807		739,760
Commonwealth Bank of Australia	368,351		13,897,891
Community Bank System, Inc.	9,715		571,242
Community Bankers Trust Corp.	4,938		23,949
Community Trust Bancorp, Inc.	2,912		92,572
Concordia Financial Group, Ltd.	219,146		637,853
ConnectOne Bancorp, Inc.	6,479		87,078
Credit Agricole SA	239,561		1,695,107
CrossFirst Bankshares, Inc. (A)	9,291		78,044
Cullen/Frost Bankers, Inc. (B)	23,990		1,338,402
Customers Bancorp, Inc. (A)	5,439		59,448
CVB Financial Corp.	25,744		516,167
Danske Bank A/S	134,259		1,494,222
DBS Group Holdings, Ltd.	373,183		4,869,348
Dime Community Bancshares, Inc.	6,249		85,674
DNB ASA	197,131		2,196,223
Eagle Bancorp, Inc.	6,398		193,284
East West Bancorp, Inc.	61,362		1,579,458
Enterprise Financial Services Corp.	4,619		128,916
Equity Bancshares, Inc., Class A (A)	3,019		52,078
Erste Group Bank AG	62,559		1,145,311
Esquire Financial Holdings, Inc. (A)	1,456		21,913
Evans Bancorp, Inc.	982		23,872
Farmers & Merchants Bancorp, Inc. (B)	1,570		40,679
Farmers National Banc Corp.	4,945		57,510
FB Financial Corp.	3,198		63,065
Fidelity D&D Bancorp, Inc.	520		26,530
Fifth Third Bancorp	135,376		2,010,334
Financial Institutions, Inc.	3,007		54,547
FinecoBank Banca Fineco SpA	126,445		1,137,635
First Bancorp (NC)	5,569		128,533
First Bancorp (PR)	41,537		220,977
First Bancorp, Inc.	1,939		42,658
First Bank	3,862		26,802
First Busey Corp.	9,751		166,840
First Business Financial Services, Inc.	1,605		24,878
First Capital, Inc.	575		34,443
First Choice Bancorp	2,101		31,536
First Commonwealth Financial Corp.	18,800		171,832
First Community Bankshares, Inc.	3,490		81,317
First Financial Bancorp	18,839		280,889
First Financial Bankshares, Inc. (B)	82,240		2,207,322
First Financial Corp.	2,487		83,862
First Foundation, Inc.	7,599		77,662
First Horizon National Corp.	131,120		1,056,827
First Internet Bancorp	1,984		32,577
First Interstate BancSystem, Inc., Class A	7,293		210,330
First Merchants Corp.	10,368		274,648
First Mid Bancshares, Inc.	2,879		68,347
First Midwest Bancorp, Inc.	20,580		272,376
First Northwest Bancorp	2,103		22,860
First Republic Bank	32,147		2,645,055
Flushing Financial Corp.	5,345		71,409
FNB Corp.	136,911		1,009,034
FNCB Bancorp, Inc.	3,680		25,429

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Franklin Financial Network, Inc. (B)	2,536	$	51,709
Franklin Financial Services Corp.	838		23,003
Fukuoka Financial Group, Inc.	35,620		469,880
Fulton Financial Corp.	99,876		1,147,575
FVCBankcorp, Inc. (A)	2,817		37,522
German American Bancorp, Inc.	4,741		130,140
Glacier Bancorp, Inc.	16,665		566,693
Great Southern Bancorp, Inc.	2,085		84,234
Great Western Bancorp, Inc.	10,904		223,314
Guaranty Bancshares, Inc.	1,673		38,713
Hancock Whitney Corp.	53,371		1,041,802
Hang Seng Bank, Ltd.	158,890		2,707,051
Hanmi Financial Corp.	6,279		68,127
HarborOne Bancorp, Inc. (A)	5,168		38,915
Hawthorn Bancshares, Inc.	1,157		21,231
HBT Financial, Inc.	1,966		20,702
Heartland Financial USA, Inc.	6,725		203,095
Heritage Commerce Corp.	10,776		82,652
Heritage Financial Corp.	7,164		143,280
Hilltop Holdings, Inc.	13,376		202,245
Home BancShares, Inc.	95,262		1,142,191
HomeTrust Bancshares, Inc.	3,096		49,288
Hope Bancorp, Inc.	23,411		192,438
Horizon Bancorp, Inc.	7,249		71,475
Howard Bancorp, Inc. (A)	2,741		29,767
HSBC Holdings PLC	4,200,749		23,582,034
Huntington Bancshares, Inc.	197,008		1,617,436
IBERIABANK Corp.	10,047		363,300
Independent Bank Corp. (Massachusetts)	6,398		411,839
Independent Bank Corp. (Michigan)	4,124		53,076
Independent Bank Group, Inc. (B)	6,914		163,724
ING Groep NV (B)	810,500		4,153,077
International Bancshares Corp.	34,866		937,198
Intesa Sanpaolo SpA	3,093,571		5,005,581
Investar Holding Corp.	2,156		27,532
Investors Bancorp, Inc.	43,496		347,533
Israel Discount Bank, Ltd., Class A	259,046		755,343
Japan Post Bank Company, Ltd. (B)	83,800		773,902
JPMorgan Chase & Co.	598,314		53,866,209
KBC Group NV	51,894		2,354,698
KeyCorp	187,890		1,948,419
Lakeland Bancorp, Inc.	9,687		104,716
Lakeland Financial Corp.	4,658		171,182
LCNB Corp.	2,599		32,747
Level One Bancorp, Inc.	1,136		20,448
Live Oak Bancshares, Inc. (B)	5,207		64,931
Lloyds Banking Group PLC	14,585,790		5,702,330
M&T Bank Corp.	25,173		2,603,643
Macatawa Bank Corp.	5,626		40,057
MainStreet Bancshares, Inc. (A)	1,464		24,537
Malvern Bancorp, Inc. (A)	1,520		18,620
Mebuki Financial Group, Inc.	181,900		368,952
Mediobanca Banca di Credito Finanziario SpA	128,779		702,255
Mercantile Bank Corp.	3,172		67,151
Metrocity Bankshares, Inc.	3,250		38,155
Metropolitan Bank Holding Corp. (A)	1,418		38,187
Mid Penn Bancorp, Inc.	1,406		28,472
Midland States Bancorp, Inc.	4,266		74,612
MidWestOne Financial Group, Inc.	2,355		49,314
Mitsubishi UFJ Financial Group, Inc.	2,557,868		9,570,398
Mizrahi Tefahot Bank, Ltd.	31,956		588,172
Mizuho Financial Group, Inc.	5,013,200		5,751,540
MutualFirst Financial, Inc.	1,196		33,727
MVB Financial Corp.	2,050		26,138

 

218

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
National Australia Bank, Ltd.	599,760	$	6,152,264
National Bank Holdings Corp., Class A	5,551		132,669
National Bankshares, Inc.	1,312		41,853
NBT Bancorp, Inc. (B)	8,245		267,056
Nicolet Bankshares, Inc. (A)	1,751		95,570
Nordea Bank ABP	673,556		3,789,028
Northeast Bank	1,896		22,107
Northrim BanCorp, Inc.	1,340		36,180
Norwood Financial Corp.	1,142		30,491
OFG Bancorp	9,903		110,716
Ohio Valley Banc Corp.	864		25,903
Old National Bancorp	32,383		427,132
Old Second Bancorp, Inc.	6,553		45,281
Opus Bank	4,181		72,457
Origin Bancorp, Inc.	3,732		75,573
Orrstown Financial Services, Inc.	2,310		31,809
Oversea-Chinese Banking Corp., Ltd.	674,024		4,083,864
Pacific Mercantile Bancorp (A)	4,840		22,796
Pacific Premier Bancorp, Inc.	11,246		211,875
PacWest Bancorp	50,492		904,817
Park National Corp.	2,462		191,150
Parke Bancorp, Inc.	2,109		28,450
PCB Bancorp	2,860		27,971
Peapack Gladstone Financial Corp.	3,591		64,458
Penns Woods Bancorp, Inc.	1,311		31,857
Peoples Bancorp of North Carolina, Inc.	1,101		22,416
Peoples Bancorp, Inc.	3,450		76,418
Peoples Financial Services Corp.	1,204		47,847
People's United Financial, Inc. (B)	84,720		936,156
People's Utah Bancorp	3,154		61,093
Pinnacle Financial Partners, Inc.	30,327		1,138,476
Preferred Bank	2,629		88,913
Premier Financial Bancorp, Inc.	2,762		34,249
Prosperity Bancshares, Inc.	39,779		1,919,337
QCR Holdings, Inc.	2,807		75,985
Raiffeisen Bank International AG	30,717		441,840
RBB Bancorp	3,472		47,636
Red River Bancshares, Inc.	1,014		37,741
Regions Financial Corp.	184,014		1,650,606
Reliant Bancorp, Inc.	2,285		25,752
Renasant Corp.	10,828		236,484
Republic Bancorp, Inc., Class A	1,866		61,634
Republic First Bancorp, Inc. (A)	10,441		22,866
Resona Holdings, Inc.	433,746		1,300,503
Richmond Mutual Bancorporation, Inc. (A)	2,857		29,141
S&T Bancorp, Inc.	7,166		195,775
Sandy Spring Bancorp, Inc.	6,612		149,696
SB One Bancorp	1,828		31,076
Seacoast Banking Corp. of Florida (A)	9,766		178,815
Select Bancorp, Inc. (A)	3,726		28,429
ServisFirst Bancshares, Inc.	9,180		269,158
Seven Bank, Ltd.	121,640		313,931
Shinsei Bank, Ltd.	40,166		531,990
Shore Bancshares, Inc.	2,841		30,825
Sierra Bancorp	3,013		52,969
Signature Bank	22,749		1,828,792
Simmons First National Corp., Class A	18,404		338,634
Skandinaviska Enskilda Banken AB, A Shares	338,286		2,265,520
SmartFinancial, Inc.	2,736		41,615
Societe Generale SA	168,478		2,760,030
South Plains Financial, Inc.	2,107		32,637
South State Corp.	6,407		376,283
Southern First Bancshares, Inc. (A)	1,461		41,449

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Southern National Bancorp of Virginia, Inc.	4,136	$	40,698
Southside Bancshares, Inc. (B)	6,031		183,282
Spirit of Texas Bancshares, Inc. (A)	2,923		30,224
Standard Chartered PLC	566,781		3,133,615
Sterling Bancorp	85,136		889,671
Stock Yards Bancorp, Inc.	3,824		110,628
Sumitomo Mitsui Financial Group, Inc.	276,458		6,716,100
Sumitomo Mitsui Trust Holdings, Inc.	68,883		1,979,020
Summit Financial Group, Inc.	2,008		42,590
SVB Financial Group (A)	9,837		1,486,174
Svenska Handelsbanken AB, A Shares (A)	319,192		2,632,409
Swedbank AB, A Shares (B)	188,198		2,075,679
Synovus Financial Corp.	61,749		1,084,312
TCF Financial Corp.	64,641		1,464,765
Texas Capital Bancshares, Inc. (A)	21,204		470,093
The Bancorp, Inc. (A)	9,526		57,823
The Bank of East Asia, Ltd.	270,399		577,847
The Bank of Kyoto, Ltd.	11,014		349,056
The Bank of NT Butterfield & Son, Ltd.	10,528		179,292
The Bank of Princeton	1,201		27,923
The Chiba Bank, Ltd. (B)	112,864		491,315
The Community Financial Corp.	1,006		22,233
The First Bancshares, Inc.	3,206		61,138
The First of Long Island Corp.	4,536		78,700
The PNC Financial Services Group, Inc.	83,585		8,000,756
The Royal Bank of Scotland Group PLC	1,005,603		1,386,600
The Shizuoka Bank, Ltd.	93,708		568,967
Tompkins Financial Corp.	2,676		192,137
Towne Bank	12,811		231,751
TriCo Bancshares	5,041		150,323
TriState Capital Holdings, Inc. (A)	5,323		51,473
Triumph Bancorp, Inc. (A)	4,481		116,506
Truist Financial Corp.	255,820		7,889,489
Trustmark Corp.	39,524		920,909
U.S. Bancorp	271,125		9,340,256
UMB Financial Corp.	26,691		1,237,929
Umpqua Holdings Corp.	92,791		1,011,422
UniCredit SpA	417,853		3,232,754
United Bankshares, Inc.	61,608		1,421,913
United Community Banks, Inc.	15,175		277,854
United Overseas Bank, Ltd.	262,039		3,595,185
Unity Bancorp, Inc.	1,516		17,737
Univest Financial Corp.	5,456		89,042
Valley National Bancorp	239,759		1,752,638
Veritex Holdings, Inc.	9,598		134,084
Washington Trust Bancorp, Inc.	2,901		106,061
Webster Financial Corp.	38,779		888,039
Wells Fargo & Company	734,179		21,070,937
WesBanco, Inc.	12,556		297,577
West Bancorporation, Inc.	3,234		52,876
Westamerica Bancorporation	5,018		294,958
Westpac Banking Corp.	726,079		7,457,410
Wintrust Financial Corp.	24,048		790,217
Zions Bancorp NA	32,518		870,182
			412,646,017
Capital markets – 2.5%
3i Group PLC	202,391		1,961,092
Affiliated Managers Group, Inc.	20,762		1,227,865
Ameriprise Financial, Inc.	24,168		2,476,737
Amundi SA (C)	12,593		728,623
Ares Management Corp., Class A	13,762		425,659
Artisan Partners Asset Management, Inc., Class A	9,660		207,593

 

219

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Assetmark Financial Holdings, Inc. (A)	2,709	$	55,237
ASX, Ltd.	40,329		1,893,071
B. Riley Financial, Inc.	3,972		73,164
BlackRock, Inc.	22,496		9,897,565
Blucora, Inc. (A)	9,590		115,560
Brightsphere Investment Group, Inc.	13,095		83,677
Cboe Global Markets, Inc.	21,148		1,887,459
CME Group, Inc.	68,361		11,820,301
Cohen & Steers, Inc.	4,386		199,344
Cowen, Inc., Class A (B)	5,421		52,367
Credit Suisse Group AG (A)	531,596		4,290,696
Daiwa Securities Group, Inc.	318,208		1,229,650
Deutsche Bank AG (B)	408,479		2,596,733
Deutsche Boerse AG	39,544		5,432,709
Diamond Hill Investment Group, Inc.	613		55,317
Donnelley Financial Solutions, Inc. (A)	6,688		35,246
E*TRADE Financial Corp.	43,096		1,479,055
Eaton Vance Corp.	47,675		1,537,519
Ellington Financial, Inc.	6,781		38,720
Evercore, Inc., Class A	16,469		758,562
FactSet Research Systems, Inc.	15,989		4,168,013
Federated Hermes, Inc.	59,038		1,124,674
Focus Financial Partners, Inc., Class A (A)	6,075		139,786
Franklin Resources, Inc.	53,206		888,008
GAIN Capital Holdings, Inc.	4,041		22,549
Greenhill & Company, Inc.	3,086		30,366
Hamilton Lane, Inc., Class A	4,239		234,459
Hargreaves Lansdown PLC (B)	59,211		1,006,046
Hong Kong Exchanges & Clearing, Ltd.	248,671		7,450,009
Houlihan Lokey, Inc. (B)	8,067		420,452
Interactive Brokers Group, Inc., Class A	32,339		1,396,075
Intercontinental Exchange, Inc.	106,224		8,577,588
INTL. FCStone, Inc. (A)	3,128		113,421
Invesco, Ltd.	70,999		644,671
Janus Henderson Group PLC	65,570		1,004,532
Japan Exchange Group, Inc.	106,000		1,860,186
Julius Baer Group, Ltd. (A)	46,537		1,558,871
Legg Mason, Inc.	34,381		1,679,512
London Stock Exchange Group PLC	65,503		5,859,624
Macquarie Group, Ltd.	67,313		3,584,951
Magellan Financial Group, Ltd.	26,520		703,356
MarketAxess Holdings, Inc.	7,234		2,405,811
Moelis & Company, Class A	9,170		257,677
Moody's Corp.	30,973		6,550,790
Morgan Stanley	234,660		7,978,440
MSCI, Inc.	16,159		4,669,305
Nasdaq, Inc.	21,888		2,078,266
Natixis SA	196,495		625,686
Nomura Holdings, Inc.	690,513		2,914,034
Northern Trust Corp.	40,418		3,049,942
Oppenheimer Holdings, Inc., Class A	1,893		37,406
Partners Group Holding AG	3,889		2,662,665
Piper Sandler Companies	2,591		131,027
PJT Partners, Inc., Class A	4,369		189,571
Pzena Investment Management, Inc., Class A	4,042		18,027
Raymond James Financial, Inc.	23,552		1,488,486
S&P Global, Inc.	46,622		11,424,721
Safeguard Scientifics, Inc.	4,392		24,376
SBI Holdings, Inc.	49,190		716,715
Schroders PLC	25,861		790,623
Sculptor Capital Management, Inc.	3,218		43,572
SEI Investments Company	53,183		2,464,500
Siebert Financial Corp. (A)	1,719		12,411

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Singapore Exchange, Ltd.	167,648	$	1,079,728
St. James's Place PLC	110,632		1,033,073
Standard Life Aberdeen PLC	499,076		1,377,352
State Street Corp.	69,364		3,695,020
Stifel Financial Corp.	41,615		1,717,867
T. Rowe Price Group, Inc.	44,576		4,352,846
The Bank of New York Mellon Corp.	160,085		5,391,663
The Charles Schwab Corp.	218,090		7,332,186
The Goldman Sachs Group, Inc.	60,791		9,397,681
UBS Group AG (A)	802,793		7,358,490
Virtus Investment Partners, Inc.	1,251		95,214
Waddell & Reed Financial, Inc., Class A (B)	13,151		149,658
Westwood Holdings Group, Inc.	1,679		30,742
WisdomTree Investments, Inc.	27,134		63,222
			186,635,463
Consumer finance – 0.3%
Acom Company, Ltd.	83,310		338,317
AEON Financial Service Company, Ltd.	23,453		250,574
American Express Company	127,996		10,957,738
Capital One Financial Corp.	88,841		4,479,363
Credit Saison Company, Ltd.	32,699		379,366
Curo Group Holdings Corp.	3,291		17,442
Discover Financial Services	59,797		2,132,959
Encore Capital Group, Inc. (A)	6,010		140,514
Enova International, Inc. (A)	6,280		90,997
EZCORP, Inc., Class A (A)	10,058		41,942
FirstCash, Inc.	25,950		1,861,653
Green Dot Corp., Class A (A)	9,352		237,447
Isracard, Ltd.	12,216		32,684
LendingClub Corp. (A)	13,212		103,714
LendingTree, Inc. (A)	3,232		592,716
Navient Corp.	71,687		543,387
Nelnet, Inc., Class A	3,447		156,528
Oportun Financial Corp. (A)(B)	1,481		15,625
PRA Group, Inc. (A)	8,709		241,413
Regional Management Corp. (A)	1,704		23,277
SLM Corp.	177,888		1,279,015
Synchrony Financial	113,406		1,824,703
World Acceptance Corp. (A)(B)	1,095		59,798
			25,801,172
Diversified financial services – 1.1%
AMP, Ltd. (A)	697,835		569,882
Banco Latinoamericano de Comercio Exterior SA, Class E	5,864		60,458
Berkshire Hathaway, Inc., Class B (A)	373,132		68,219,724
Cannae Holdings, Inc. (A)	14,200		475,558
Challenger, Ltd.	114,542		279,783
Eurazeo SE	8,182		367,123
EXOR NV	22,552		1,162,311
FGL Holdings (B)	28,040		274,792
Groupe Bruxelles Lambert SA	16,813		1,322,864
Industrivarden AB, C Shares (B)	34,654		663,538
Investor AB, B Shares	94,782		4,275,963
Jefferies Financial Group, Inc.	100,790		1,377,799
Kinnevik AB, B Shares	50,329		820,836
L E Lundbergforetagen AB, B Shares	15,839		642,076
M&G PLC (A)	532,074		740,119
Marlin Business Services Corp.	1,850		20,665
Mitsubishi UFJ Lease & Finance Company, Ltd.	83,796		410,164
NewStar Financial, Inc. (A)(D)	6,344		1,532
ORIX Corp.	275,483		3,286,695
Pargesa Holding SA, Bearer Shares	8,083		533,666
Tokyo Century Corp. (B)	8,900		278,489

 

220

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified financial services (continued)
Wendel SA	5,651	$	448,428
			86,232,465
Insurance – 3.3%
Admiral Group PLC	39,370		1,084,255
Aegon NV	370,528		925,357
Aflac, Inc.	140,021		4,794,319
Ageas	37,112		1,546,530
AIA Group, Ltd.	2,515,535		22,525,694
Alleghany Corp.	6,065		3,350,003
Allianz SE	88,321		15,040,837
Ambac Financial Group, Inc. (A)	8,696		107,309
American Equity Investment Life Holding Company	17,411		327,327
American Financial Group, Inc.	31,537		2,210,113
American International Group, Inc.	165,951		4,024,312
AMERISAFE, Inc.	3,643		234,864
Aon PLC	44,664		7,371,347
Argo Group International Holdings, Ltd.	6,284		232,885
Arthur J. Gallagher & Company	35,581		2,900,207
Assicurazioni Generali SpA	228,594		3,096,257
Assurant, Inc.	11,567		1,204,009
Aviva PLC	814,541		2,678,008
AXA SA	401,945		6,805,707
Baloise Holding AG	10,149		1,323,144
Benefytt Technologies, Inc. (A)(B)	1,900		42,541
Brighthouse Financial, Inc. (A)	46,040		1,112,787
Brown & Brown, Inc.	98,536		3,568,974
BRP Group, Inc., Class A (A)	3,533		37,273
Chubb, Ltd.	86,452		9,655,824
Cincinnati Financial Corp.	28,984		2,186,843
Citizens, Inc. (A)	9,931		64,750
CNO Financial Group, Inc.	92,518		1,146,298
CNP Assurances	35,735		346,007
Crawford & Company, Class A	3,417		24,602
Dai-ichi Life Holdings, Inc.	224,337		2,664,031
Direct Line Insurance Group PLC	285,815		1,043,425
Donegal Group, Inc., Class A	1,988		30,218
eHealth, Inc. (A)	4,392		618,481
Employers Holdings, Inc.	6,020		243,870
Enstar Group, Ltd. (A)	2,196		349,274
Everest Re Group, Ltd.	7,779		1,496,835
FBL Financial Group, Inc., Class A	1,932		90,166
FedNat Holding Company	2,477		28,436
First American Financial Corp.	47,334		2,007,435
Genworth Financial, Inc., Class A (A)	309,725		1,028,287
Gjensidige Forsikring ASA	41,729		710,612
Global Indemnity, Ltd.	1,612		41,106
Globe Life, Inc. (B)	19,004		1,367,718
Goosehead Insurance, Inc., Class A (A)(B)	2,187		97,606
Greenlight Capital Re, Ltd., Class A (A)(B)	6,093		36,253
Hannover Rueck SE	12,556		1,772,978
HCI Group, Inc.	1,186		47,737
Heritage Insurance Holdings, Inc.	5,335		57,138
Horace Mann Educators Corp.	7,960		291,256
Independence Holding Company	968		24,742
Insurance Australia Group, Ltd.	481,234		1,815,720
Investors Title Company	265		33,920
James River Group Holdings, Ltd.	5,696		206,423
Japan Post Holdings Company, Ltd.	327,700		2,563,470
Japan Post Insurance Company, Ltd.	46,800		578,216
Kemper Corp.	26,398		1,963,219
Kinsale Capital Group, Inc.	3,894		407,040
Legal & General Group PLC	1,240,614		2,931,197

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Lincoln National Corp.	37,833	$	995,765
Loews Corp.	48,796		1,699,565
Mapfre SA	224,837		381,413
Marsh & McLennan Companies, Inc.	96,270		8,323,504
MBIA, Inc. (A)	14,849		106,022
Medibank Pvt., Ltd.	573,269		942,745
Mercury General Corp.	11,429		465,389
MetLife, Inc.	149,114		4,558,415
MS&AD Insurance Group Holdings, Inc.	98,751		2,755,264
Muenchener Rueckversicherungs-Gesellschaft AG	30,027		6,037,535
National General Holdings Corp.	13,086		216,573
National Western Life Group, Inc., Class A	447		76,884
NI Holdings, Inc. (A)	2,061		27,947
NN Group NV	63,699		1,731,067
Old Republic International Corp.	120,239		1,833,645
Palomar Holdings, Inc. (A)	3,567		207,457
Poste Italiane SpA (C)	108,656		914,539
Primerica, Inc.	17,428		1,542,029
Principal Financial Group, Inc.	49,261		1,543,840
ProAssurance Corp.	10,337		258,425
ProSight Global, Inc. (A)	1,851		18,047
Protective Insurance Corp., Class B	1,995		27,431
Prudential Financial, Inc.	76,685		3,998,356
Prudential PLC	540,917		6,777,603
QBE Insurance Group, Ltd.	273,589		1,425,123
Reinsurance Group of America, Inc.	26,382		2,219,781
RenaissanceRe Holdings, Ltd.	18,608		2,778,547
RLI Corp.	24,486		2,153,054
RSA Insurance Group PLC	214,523		1,119,469
Safety Insurance Group, Inc.	2,823		238,346
Sampo OYJ, A Shares	92,191		2,659,600
SCOR SE	32,968		725,337
Selective Insurance Group, Inc.	36,307		1,804,458
Sompo Holdings, Inc.	69,891		2,154,314
Sony Financial Holdings, Inc.	31,716		532,565
State Auto Financial Corp.	3,443		95,681
Stewart Information Services Corp.	4,543		121,162
Suncorp Group, Ltd.	262,614		1,458,364
Swiss Life Holding AG	6,987		2,345,159
Swiss Re AG	61,310		4,720,803
T&D Holdings, Inc.	115,725		938,140
The Allstate Corp.	61,798		5,668,731
The Hanover Insurance Group, Inc.	16,598		1,503,447
The Hartford Financial Services Group, Inc.	68,753		2,422,856
The Progressive Corp.	111,524		8,234,932
The Travelers Companies, Inc.	49,237		4,891,696
Third Point Reinsurance, Ltd. (A)	14,614		108,290
Tiptree, Inc.	4,576		23,887
Tokio Marine Holdings, Inc.	132,985		6,084,666
Trupanion, Inc. (A)(B)	5,620		146,289
Tryg A/S	25,144		611,999
United Fire Group, Inc.	4,061		132,429
United Insurance Holdings Corp.	4,265		39,409
Universal Insurance Holdings, Inc.	5,832		104,509
Unum Group	39,347		590,598
W.R. Berkley Corp.	27,680		1,444,066
Watford Holdings, Ltd. (A)	3,649		53,458
Willis Towers Watson PLC	24,527		4,165,911
Zurich Insurance Group AG	31,130		10,936,174
			244,607,902
Mortgage real estate investment trusts – 0.0%
AG Mortgage Investment Trust, Inc.	6,079		16,656

 

221

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mortgage real estate investment trusts (continued)
Anworth Mortgage Asset Corp.	21,775	$	24,606
Apollo Commercial Real Estate Finance, Inc.	28,934		214,690
Ares Commercial Real Estate Corp.	5,571		38,941
Arlington Asset Investment Corp., Class A	7,583		16,607
ARMOUR Residential REIT, Inc.	11,061		97,447
Blackstone Mortgage Trust, Inc., Class A	24,102		448,779
Capstead Mortgage Corp.	18,679		78,452
Cherry Hill Mortgage Investment Corp.	3,521		21,830
Colony Credit Real Estate, Inc.	16,630		65,522
Dynex Capital, Inc.	4,433		46,281
Exantas Capital Corp.	5,955		16,436
Granite Point Mortgage Trust, Inc.	10,227		51,851
Great Ajax Corp.	3,551		22,584
Invesco Mortgage Capital, Inc.	30,837		105,154
KKR Real Estate Finance Trust, Inc.	4,469		67,080
Ladder Capital Corp.	20,236		95,919
New York Mortgage Trust, Inc.	71,821		111,323
Orchid Island Capital, Inc.	12,800		37,760
PennyMac Mortgage Investment Trust	18,366		195,047
Ready Capital Corp.	6,753		48,757
Redwood Trust, Inc.	21,108		106,806
TPG RE Finance Trust, Inc.	8,942		49,092
Western Asset Mortgage Capital Corp.	9,655		22,110
			1,999,730
Thrifts and mortgage finance – 0.1%
Axos Financial, Inc. (A)(B)	11,200		203,056
Bridgewater Bancshares, Inc. (A)	4,617		45,016
Capitol Federal Financial, Inc.	25,155		292,050
Columbia Financial, Inc. (A)	10,063		144,907
ESSA Bancorp, Inc.	2,035		27,778
Essent Group, Ltd.	18,460		486,236
Federal Agricultural Mortgage Corp., Class C	1,718		95,572
First Defiance Financial Corp.	7,338		108,162
Flagstar Bancorp, Inc.	6,502		128,935
FS Bancorp, Inc.	872		31,392
Hingham Institution for Savings	274		39,727
Home Bancorp, Inc.	1,562		38,144
HomeStreet, Inc.	4,327		96,189
Kearny Financial Corp.	15,385		132,157
Luther Burbank Corp.	4,025		36,909
Merchants Bancorp	1,745		26,489
Meridian Bancorp, Inc.	9,299		104,335
Meta Financial Group, Inc.	6,704		145,611
MMA Capital Holdings, Inc. (A)	980		24,235
Mr. Cooper Group, Inc. (A)	14,914		109,320
New York Community Bancorp, Inc.	196,924		1,849,116
NMI Holdings, Inc., Class A (A)	12,771		148,271
Northfield Bancorp, Inc.	8,644		96,726
Northwest Bancshares, Inc.	19,242		222,630
OceanFirst Financial Corp.	10,667		169,712
Ocwen Financial Corp. (A)	28,898		14,449
OP Bancorp	3,178		23,708
PCSB Financial Corp.	3,362		47,034
PennyMac Financial Services, Inc. (B)	4,693		103,762
Pioneer Bancorp, Inc. (A)	2,278		23,646
Provident Bancorp, Inc. (A)	2,134		18,395
Provident Financial Holdings, Inc.	1,267		19,296
Provident Financial Services, Inc.	11,672		150,102
Prudential Bancorp, Inc.	1,920		28,416
Radian Group, Inc.	38,788		502,305
Riverview Bancorp, Inc.	4,889		24,494
Southern Missouri Bancorp, Inc.	1,563		37,934

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
Sterling Bancorp, Inc.	3,747	$	16,112
Territorial Bancorp, Inc.	1,576		38,691
Timberland Bancorp, Inc.	1,654		30,252
TrustCo Bank Corp.	19,327		104,559
Walker & Dunlop, Inc.	5,311		213,874
Washington Federal, Inc.	48,001		1,246,106
Waterstone Financial, Inc.	4,450		64,703
Western New England Bancorp, Inc.	5,182		35,030
WSFS Financial Corp.	9,786		243,867
			7,789,410
			965,712,159
Health care – 14.5%
Biotechnology – 2.1%
89bio, Inc. (A)(B)	591		14,923
AbbVie, Inc.	282,099		21,493,123
Abeona Therapeutics, Inc. (A)	11,001		23,102
ACADIA Pharmaceuticals, Inc. (A)(B)	21,724		917,839
Acceleron Pharma, Inc. (A)	8,689		780,880
Achillion Pharmaceuticals, Inc. (A)(D)	23,194		10,669
ADMA Biologics, Inc. (A)(B)	14,016		40,366
Aduro Biotech, Inc. (A)	13,053		35,765
Adverum Biotechnologies, Inc. (A)	12,212		119,311
Aeglea BioTherapeutics, Inc. (A)	5,404		25,183
Affimed NV (A)	15,158		23,950
Agenus, Inc. (A)(B)	21,234		52,023
Aimmune Therapeutics, Inc. (A)	8,802		126,925
Akcea Therapeutics, Inc. (A)	2,524		36,093
Akebia Therapeutics, Inc. (A)	23,004		174,370
Akero Therapeutics, Inc. (A)	1,658		35,150
Albireo Pharma, Inc. (A)	2,554		41,809
Alder Biopharmaceuticals, Inc. (A)(D)	13,115		17,784
Alector, Inc. (A)	6,681		161,213
Alexion Pharmaceuticals, Inc. (A)	42,213		3,790,305
Allakos, Inc. (A)	3,755		167,060
Allogene Therapeutics, Inc. (A)(B)	7,539		146,558
AMAG Pharmaceuticals, Inc. (A)	6,656		41,134
Amgen, Inc.	113,346		22,978,635
Amicus Therapeutics, Inc. (A)	49,461		457,020
AnaptysBio, Inc. (A)	4,858		68,644
Anavex Life Sciences Corp. (A)(B)	9,708		30,580
Anika Therapeutics, Inc. (A)	2,576		74,472
Apellis Pharmaceuticals, Inc. (A)	11,042		295,815
Applied Therapeutics, Inc. (A)	1,585		51,814
Aprea Therapeutics, Inc. (A)(B)	1,260		43,798
Arcus Biosciences, Inc. (A)	6,293		87,347
Arcutis Biotherapeutics, Inc. (A)	2,021		60,226
Ardelyx, Inc. (A)(B)	12,160		69,130
Arena Pharmaceuticals, Inc. (A)	9,751		409,542
Arrowhead Pharmaceuticals, Inc. (A)	61,496		1,769,240
Assembly Biosciences, Inc. (A)	5,541		82,173
Atara Biotherapeutics, Inc. (A)	10,077		85,755
Athenex, Inc. (A)	13,452		104,118
Athersys, Inc. (A)(B)	27,020		81,060
Atreca, Inc., Class A (A)	3,364		55,674
Avid Bioservices, Inc. (A)	10,989		56,154
Avrobio, Inc. (A)	4,569		71,094
Beam Therapeutics, Inc. (A)	2,398		43,164
BeiGene, Ltd., ADR (A)	7,500		923,325
Beyondspring, Inc. (A)(B)	2,633		33,729
BioCryst Pharmaceuticals, Inc. (A)(B)	30,344		60,688
Biogen, Inc. (A)	34,421		10,890,116
Biohaven Pharmaceutical Holding Company, Ltd. (A)	8,269		281,394
BioSpecifics Technologies Corp. (A)	1,201		67,941
Bioxcel Therapeutics, Inc. (A)	1,378		30,798

 

222

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Black Diamond Therapeutics, Inc. (A)(B)	2,342	$	58,433
Blueprint Medicines Corp. (A)	10,347		605,093
Bridgebio Pharma, Inc. (A)(B)	14,471		419,659
Calithera Biosciences, Inc. (A)	10,984		48,769
CareDx, Inc. (A)	7,988		174,378
CASI Pharmaceuticals, Inc. (A)	11,439		23,336
Castle Biosciences, Inc. (A)	1,850		55,149
Catalyst Pharmaceuticals, Inc. (A)	18,772		72,272
Cellular Biomedicine Group, Inc. (A)	2,439		38,585
CEL-SCI Corp. (A)(B)	6,361		73,406
ChemoCentryx, Inc. (A)	7,861		315,855
Chimerix, Inc. (A)	10,235		14,738
Clovis Oncology, Inc. (A)	9,941		63,225
Coherus Biosciences, Inc. (A)	12,096		196,197
Concert Pharmaceuticals, Inc. (A)	5,304		46,887
Constellation Pharmaceuticals, Inc. (A)	3,642		114,468
Corbus Pharmaceuticals Holdings, Inc. (A)	12,918		67,690
Cortexyme, Inc. (A)	2,206		100,616
Crinetics Pharmaceuticals, Inc. (A)(B)	2,215		32,561
CSL, Ltd.	94,306		17,094,997
Cue Biopharma, Inc. (A)	3,888		55,171
Cyclerion Therapeutics, Inc. (A)	4,879		12,929
Cytokinetics, Inc. (A)(B)	10,907		128,594
CytomX Therapeutics, Inc. (A)	8,908		68,324
Deciphera Pharmaceuticals, Inc. (A)	4,052		166,821
Denali Therapeutics, Inc. (A)(B)	10,109		177,009
Dicerna Pharmaceuticals, Inc. (A)	10,317		189,523
Dynavax Technologies Corp. (A)	16,467		58,129
Eagle Pharmaceuticals, Inc. (A)	1,767		81,282
Editas Medicine, Inc. (A)(B)	10,007		198,439
Eidos Therapeutics, Inc. (A)	2,145		105,084
Eiger BioPharmaceuticals, Inc. (A)(B)	4,829		32,837
Emergent BioSolutions, Inc. (A)	8,796		508,937
Enanta Pharmaceuticals, Inc. (A)	3,694		189,982
Epizyme, Inc. (A)	15,014		232,867
Esperion Therapeutics, Inc. (A)	4,892		154,245
Exelixis, Inc. (A)	128,030		2,204,677
Fate Therapeutics, Inc. (A)	11,715		260,190
FibroGen, Inc. (A)	15,171		527,192
Five Prime Therapeutics, Inc. (A)	7,748		17,588
Flexion Therapeutics, Inc. (A)	6,636		52,225
Forty Seven, Inc. (A)	4,877		465,363
Frequency Therapeutics, Inc. (A)	1,196		21,301
G1 Therapeutics, Inc. (A)(B)	6,609		72,831
Galapagos NV (A)	9,014		1,770,145
Galectin Therapeutics, Inc. (A)	9,270		18,169
Genmab A/S (A)	13,509		2,713,533
Geron Corp. (A)(B)	36,905		43,917
Gilead Sciences, Inc.	241,338		18,042,429
Global Blood Therapeutics, Inc. (A)(B)	11,181		571,237
GlycoMimetics, Inc. (A)	7,631		17,399
Gossamer Bio, Inc. (A)	8,515		86,427
Grifols SA	61,988		2,073,955
Gritstone Oncology, Inc. (A)(B)	5,069		29,502
Halozyme Therapeutics, Inc. (A)(B)	26,859		483,193
Harpoon Therapeutics, Inc. (A)	1,588		18,389
Heron Therapeutics, Inc. (A)(B)	16,292		191,268
Homology Medicines, Inc. (A)	4,841		75,229
Hookipa Pharma, Inc. (A)	2,286		18,860
IGM Biosciences, Inc. (A)	963		54,072
ImmunoGen, Inc. (A)	32,875		112,104
Immunomedics, Inc. (A)	36,785		495,862
Incyte Corp. (A)	34,104		2,497,436
Inovio Pharmaceuticals, Inc. (A)(B)	18,464		137,372

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Insmed, Inc. (A)	17,249	$	276,501
Intellia Therapeutics, Inc. (A)(B)	7,534		92,141
Intercept Pharmaceuticals, Inc. (A)	4,864		306,237
Invitae Corp. (A)	16,780		229,383
Iovance Biotherapeutics, Inc. (A)(B)	22,605		676,681
Ironwood Pharmaceuticals, Inc. (A)	30,240		305,122
Jounce Therapeutics, Inc. (A)	3,312		15,732
Kadmon Holdings, Inc. (A)(B)	31,102		130,317
KalVista Pharmaceuticals, Inc. (A)	2,648		20,257
Karuna Therapeutics, Inc. (A)	2,030		146,160
Karyopharm Therapeutics, Inc. (A)	11,499		220,896
Kezar Life Sciences, Inc. (A)	6,246		27,233
Kindred Biosciences, Inc. (A)	7,342		29,368
Kiniksa Pharmaceuticals, Ltd., Class A (A)(B)	2,729		42,245
Kodiak Sciences, Inc. (A)	5,409		258,009
Krystal Biotech, Inc. (A)	1,999		86,437
Kura Oncology, Inc. (A)	6,745		67,113
La Jolla Pharmaceutical Company (A)(B)	4,464		18,749
Lexicon Pharmaceuticals, Inc. (A)(B)	8,955		17,462
Ligand Pharmaceuticals, Inc. (A)(B)	10,252		745,525
Lineage Cell Therapeutics, Inc. (A)	25,122		20,804
MacroGenics, Inc. (A)	9,515		55,377
Madrigal Pharmaceuticals, Inc. (A)(B)	1,748		116,696
Magenta Therapeutics, Inc. (A)	3,863		24,260
MannKind Corp. (A)	37,476		38,600
MediciNova, Inc. (A)	8,680		32,290
MEI Pharma, Inc. (A)	20,925		33,689
MeiraGTx Holdings PLC (A)	3,369		45,279
Mersana Therapeutics, Inc. (A)	7,054		41,125
Millendo Therapeutics, Inc. (A)	2,611		13,786
Minerva Neurosciences, Inc. (A)	5,878		35,386
Mirati Therapeutics, Inc. (A)	5,739		441,157
Molecular Templates, Inc. (A)	3,939		52,349
Momenta Pharmaceuticals, Inc. (A)	21,903		595,762
Morphic Holding, Inc. (A)	2,125		31,195
Myriad Genetics, Inc. (A)	13,799		197,464
Natera, Inc. (A)	12,012		358,678
NextCure, Inc. (A)	2,786		103,277
Novavax, Inc. (A)	6,245		84,807
OPKO Health, Inc. (A)(B)	75,843		101,630
Oyster Point Pharma, Inc. (A)(B)	1,096		38,360
Palatin Technologies, Inc. (A)(B)	47,184		19,987
PDL BioPharma, Inc. (A)	21,804		61,487
PeptiDream, Inc. (A)	19,500		678,777
Pfenex, Inc. (A)	5,754		50,750
Pieris Pharmaceuticals, Inc. (A)	9,847		22,451
Portola Pharmaceuticals, Inc. (A)(B)	15,095		107,627
Precigen, Inc. (A)(B)	15,570		52,938
Precision BioSciences, Inc. (A)	7,093		42,771
Prevail Therapeutics, Inc. (A)	2,771		33,778
Principia Biopharma, Inc. (A)	3,552		210,918
Progenics Pharmaceuticals, Inc. (A)	17,246		65,535
Protagonist Therapeutics, Inc. (A)	3,620		25,557
Prothena Corp. PLC (A)	7,856		84,059
PTC Therapeutics, Inc. (A)	11,652		519,796
Puma Biotechnology, Inc. (A)(B)	6,065		51,189
Ra Pharmaceuticals, Inc. (A)	6,700		321,667
Radius Health, Inc. (A)	8,838		114,894
Regeneron Pharmaceuticals, Inc. (A)	15,238		7,440,563
REGENXBIO, Inc. (A)	6,455		209,013
Replimune Group, Inc. (A)	2,686		26,779
Retrophin, Inc. (A)	8,218		119,901
REVOLUTION Medicines, Inc. (A)	2,696		59,069
Rhythm Pharmaceuticals, Inc. (A)	5,768		87,789

 

223

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Rigel Pharmaceuticals, Inc. (A)	33,191	$	51,778
Rocket Pharmaceuticals, Inc. (A)(B)	6,214		86,685
Rubius Therapeutics, Inc. (A)(B)	7,119		31,680
Sangamo Therapeutics, Inc. (A)	22,424		142,841
Savara, Inc. (A)	7,583		16,076
Scholar Rock Holding Corp. (A)	3,441		41,671
Seres Therapeutics, Inc. (A)(B)	8,015		28,614
Solid Biosciences, Inc. (A)	4,305		10,289
Sorrento Therapeutics, Inc. (A)(B)	25,476		46,876
Spectrum Pharmaceuticals, Inc. (A)	22,269		51,887
Spero Therapeutics, Inc. (A)	3,002		24,256
SpringWorks Therapeutics, Inc. (A)	2,032		54,864
Stemline Therapeutics, Inc. (A)	9,210		44,576
Stoke Therapeutics, Inc. (A)	3,309		75,776
Sutro Biopharma, Inc. (A)	2,538		25,888
Syndax Pharmaceuticals, Inc. (A)	4,443		48,740
Syros Pharmaceuticals, Inc. (A)(B)	6,863		40,698
TCR2 Therapeutics, Inc. (A)(B)	2,607		20,178
TG Therapeutics, Inc. (A)(B)	16,743		164,751
Translate Bio, Inc. (A)(B)	6,772		67,517
Turning Point Therapeutics, Inc. (A)(B)	5,355		239,154
Twist Bioscience Corp. (A)	5,032		153,879
Ultragenyx Pharmaceutical, Inc. (A)	10,564		469,359
United Therapeutics Corp. (A)	18,490		1,753,314
UNITY Biotechnology, Inc. (A)	5,917		34,319
UroGen Pharma, Ltd. (A)(B)	3,676		65,580
Vanda Pharmaceuticals, Inc. (A)	10,248		106,169
VBI Vaccines, Inc. (A)	31,262		29,699
Veracyte, Inc. (A)	9,132		221,999
Vericel Corp. (A)	8,685		79,641
Vertex Pharmaceuticals, Inc. (A)	49,054		11,672,399
Viela Bio, Inc. (A)(B)	1,068		40,584
Viking Therapeutics, Inc. (A)	12,736		59,604
Vir Biotechnology, Inc. (A)(B)	1,395		47,807
Voyager Therapeutics, Inc. (A)	4,797		43,893
X4 Pharmaceuticals, Inc. (A)	3,106		31,060
XBiotech, Inc. (A)	3,174		33,708
Xencor, Inc. (A)	9,139		273,073
Y-mAbs Therapeutics, Inc. (A)	4,555		118,886
ZIOPHARM Oncology, Inc. (A)(B)	36,037		88,291
			155,806,226
Health care equipment and supplies – 3.1%
Abbott Laboratories	337,148		26,604,349
ABIOMED, Inc. (A)	8,614		1,250,408
Accuray, Inc. (A)(B)	18,133		34,453
Alcon, Inc. (A)	86,474		4,430,126
Align Technology, Inc. (A)	13,681		2,379,810
Alphatec Holdings, Inc. (A)(B)	7,667		26,451
AngioDynamics, Inc. (A)	7,496		78,183
Antares Pharma, Inc. (A)	31,594		74,562
Apyx Medical Corp. (A)	6,756		24,254
Asahi Intecc Company, Ltd.	40,600		1,004,121
AtriCure, Inc. (A)(B)	7,322		245,946
Atrion Corp.	277		180,050
Avanos Medical, Inc. (A)	29,360		790,665
Axogen, Inc. (A)	6,641		69,066
Axonics Modulation Technologies, Inc. (A)(B)	3,517		89,367
Baxter International, Inc.	97,393		7,907,338
Becton, Dickinson and Company	51,593		11,854,524
BioLife Solutions, Inc. (A)(B)	1,644		15,618
BioMerieux	8,630		976,988
Boston Scientific Corp. (A)	265,885		8,675,828
Cantel Medical Corp.	15,788		566,789
Cardiovascular Systems, Inc. (A)	6,689		235,520

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Carl Zeiss Meditec AG, Bearer Shares	8,382	$	798,138
Cerus Corp. (A)	30,602		142,299
Cochlear, Ltd.	12,036		1,371,759
Coloplast A/S, B Shares	24,725		3,585,775
CONMED Corp.	5,225		299,236
CryoLife, Inc. (A)	7,124		120,538
CryoPort, Inc. (A)(B)	6,107		104,246
Cutera, Inc. (A)	2,745		35,850
CytoSorbents Corp. (A)(B)	6,176		47,740
Danaher Corp.	121,947		16,878,684
Demant A/S (A)(B)	22,953		499,765
Dentsply Sirona, Inc.	42,427		1,647,440
Edwards Lifesciences Corp. (A)	39,787		7,504,624
Fisher & Paykel Healthcare Corp., Ltd.	119,531		2,172,890
GenMark Diagnostics, Inc. (A)	11,118		45,806
Glaukos Corp. (A)	7,537		232,592
Globus Medical, Inc., Class A (A)	47,091		2,002,780
Haemonetics Corp. (A)	31,081		3,097,532
Heska Corp. (A)	1,345		74,379
Hill-Rom Holdings, Inc.	28,131		2,829,979
Hologic, Inc. (A)	51,151		1,795,400
Hoya Corp.	79,407		6,752,099
ICU Medical, Inc. (A)	8,101		1,634,539
IDEXX Laboratories, Inc. (A)	16,364		3,964,015
Inogen, Inc. (A)	3,548		183,290
Integer Holdings Corp. (A)	6,255		393,189
Integra LifeSciences Holdings Corp. (A)	30,030		1,341,440
IntriCon Corp. (A)	1,777		20,915
Intuitive Surgical, Inc. (A)	22,047		10,917,895
Invacare Corp.	6,696		49,751
iRadimed Corp. (A)	994		21,222
iRhythm Technologies, Inc. (A)(B)	5,113		415,943
Koninklijke Philips NV	188,430		7,736,438
Lantheus Holdings, Inc. (A)	7,585		96,785
LeMaitre Vascular, Inc. (B)	3,194		79,594
LivaNova PLC (A)	29,772		1,347,183
Masimo Corp. (A)	20,672		3,661,425
Medtronic PLC	255,689		23,058,034
Meridian Bioscience, Inc. (A)	8,646		72,626
Merit Medical Systems, Inc. (A)	10,355		323,594
Mesa Laboratories, Inc. (B)	768		173,637
Misonix, Inc. (A)	2,011		18,944
Natus Medical, Inc. (A)	6,550		151,502
Neogen Corp. (A)	10,007		670,369
Nevro Corp. (A)	5,744		574,285
Novocure, Ltd. (A)	16,769		1,129,224
NuVasive, Inc. (A)	31,950		1,618,587
Olympus Corp.	242,508		3,495,823
OraSure Technologies, Inc. (A)	12,256		131,875
Orthofix Medical, Inc. (A)	3,586		100,444
OrthoPediatrics Corp. (A)	1,926		76,347
Penumbra, Inc. (A)	13,535		2,183,602
Pulse Biosciences, Inc. (A)	2,653		18,995
Quidel Corp. (A)	6,896		674,498
ResMed, Inc.	27,428		4,039,870
Rockwell Medical, Inc. (A)	13,864		28,421
RTI Surgical Holdings, Inc. (A)	11,512		19,686
SeaSpine Holdings Corp. (A)	4,350		35,540
Senseonics Holdings, Inc. (A)(B)	25,899		16,407
Shockwave Medical, Inc. (A)(B)	4,974		165,037
SI-BONE, Inc. (A)	3,725		44,514
Siemens Healthineers AG (C)	31,252		1,208,094
Silk Road Medical, Inc. (A)(B)	3,114		98,029
Smith & Nephew PLC	182,027		3,206,681
Sonova Holding AG	11,559		2,061,136

 

224

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
STAAR Surgical Company (A)(B)	8,608	$	277,694
STERIS PLC	16,173		2,263,735
Straumann Holding AG (B)	2,148		1,570,411
Stryker Corp.	61,421		10,225,982
Surmodics, Inc. (A)	2,575		85,799
Sysmex Corp.	34,779		2,517,126
Tactile Systems Technology, Inc. (A)(B)	3,584		143,933
Tandem Diabetes Care, Inc. (A)	10,812		695,752
Teleflex, Inc.	8,831		2,586,247
Terumo Corp.	134,334		4,602,466
The Cooper Companies, Inc.	9,457		2,607,011
TransMedics Group, Inc. (A)	2,850		34,428
Utah Medical Products, Inc.	681		64,048
Vapotherm, Inc. (A)	3,016		56,791
Varex Imaging Corp. (A)	7,358		167,100
Varian Medical Systems, Inc. (A)	17,340		1,780,124
ViewRay, Inc. (A)(B)	20,919		52,298
West Pharmaceutical Services, Inc.	31,177		4,746,698
Wright Medical Group NV (A)	24,336		697,226
Zimmer Biomet Holdings, Inc.	39,236		3,965,975
Zynex, Inc. (A)	3,028		33,520
			235,987,756
Health care providers and services – 2.0%
1Life Healthcare, Inc. (A)(B)	3,737		67,827
Acadia Healthcare Company, Inc. (A)	37,320		684,822
Addus HomeCare Corp. (A)	2,400		162,240
Alfresa Holdings Corp.	39,100		727,711
Amedisys, Inc. (A)	19,633		3,603,441
American Renal Associates Holdings, Inc. (A)	3,711		24,530
AmerisourceBergen Corp.	28,676		2,537,826
AMN Healthcare Services, Inc. (A)	8,846		511,387
Anthem, Inc.	48,370		10,981,925
Apollo Medical Holdings, Inc. (A)	1,616		20,879
BioTelemetry, Inc. (A)	6,429		247,581
Brookdale Senior Living, Inc. (A)	36,093		112,610
Cardinal Health, Inc.	55,795		2,674,812
Catasys, Inc. (A)(B)	1,567		23,865
Centene Corp. (A)	111,367		6,616,313
Chemed Corp.	6,746		2,922,367
Cigna Corp.	71,234		12,621,240
Community Health Systems, Inc. (A)(B)	16,901		56,449
CorVel Corp. (A)	1,726		94,084
Cross Country Healthcare, Inc. (A)	7,005		47,214
CVS Health Corp.	248,171		14,723,985
DaVita, Inc. (A)	17,107		1,301,158
Encompass Health Corp.	41,547		2,660,254
Enzo Biochem, Inc. (A)	9,283		23,486
Fresenius Medical Care AG & Company KGaA	44,327		2,893,486
Fresenius SE & Company KGaA	86,951		3,237,417
Genesis Healthcare, Inc. (A)	18,272		15,396
Hanger, Inc. (A)	7,109		110,758
HCA Healthcare, Inc.	50,467		4,534,460
HealthEquity, Inc. (A)	43,232		2,187,107
Henry Schein, Inc. (A)	27,992		1,414,156
Humana, Inc.	25,261		7,932,459
Laboratory Corp. of America Holdings (A)	18,523		2,341,122
LHC Group, Inc. (A)(B)	5,802		813,440
Magellan Health, Inc. (A)	4,251		204,516
McKesson Corp.	34,373		4,649,292
Medipal Holdings Corp.	38,141		712,700
MEDNAX, Inc. (A)	35,520		413,453
Molina Healthcare, Inc. (A)	26,420		3,691,138

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
National HealthCare Corp.	2,307	$	165,481
National Research Corp.	2,356		107,151
NMC Health PLC	19,536		25,375
Option Care Health, Inc. (A)	5,988		56,706
Owens & Minor, Inc.	12,026		110,038
Patterson Companies, Inc. (B)	52,413		801,395
PetIQ, Inc. (A)(B)	3,831		88,994
Progyny, Inc. (A)	2,389		50,623
Quest Diagnostics, Inc.	25,695		2,063,309
R1 RCM, Inc. (A)	20,017		181,955
RadNet, Inc. (A)	8,004		84,122
Ramsay Health Care, Ltd.	33,680		1,184,263
Ryman Healthcare, Ltd.	83,431		506,084
Select Medical Holdings Corp. (A)	21,111		316,665
Sonic Healthcare, Ltd.	93,843		1,410,444
Surgery Partners, Inc. (A)	4,811		31,416
Suzuken Company, Ltd.	15,048		546,723
Tenet Healthcare Corp. (A)	63,653		916,603
The Ensign Group, Inc.	9,739		366,284
The Joint Corp. (A)(B)	2,590		28,102
The Pennant Group, Inc. (A)	4,901		69,398
The Providence Service Corp. (A)	2,263		124,193
Tivity Health, Inc. (A)(B)	9,337		58,730
Triple-S Management Corp., Class B (A)	4,420		62,322
UnitedHealth Group, Inc.	180,728		45,069,949
Universal Health Services, Inc., Class B	15,323		1,518,203
US Physical Therapy, Inc.	2,438		168,222
			154,711,656
Health care technology – 0.2%
Allscripts Healthcare Solutions, Inc. (A)	99,830		702,803
Castlight Health, Inc., B Shares (A)	23,550		17,029
Cerner Corp.	59,917		3,774,172
Computer Programs & Systems, Inc.	2,490		55,403
Evolent Health, Inc., Class A (A)	14,560		79,061
Health Catalyst, Inc. (A)	3,678		96,180
HealthStream, Inc. (A)	5,079		121,642
HMS Holdings Corp. (A)	16,999		429,565
Inovalon Holdings, Inc., Class A (A)(B)	14,009		233,390
Inspire Medical Systems, Inc. (A)	2,579		155,462
Livongo Health, Inc. (A)(B)	9,952		283,931
M3, Inc.	91,786		2,707,424
NextGen Healthcare, Inc. (A)	10,806		112,815
Omnicell, Inc. (A)	7,975		523,001
OptimizeRx Corp. (A)	2,973		26,935
Phreesia, Inc. (A)	5,250		110,408
Schrodinger, Inc. (A)(B)	2,678		115,475
Simulations Plus, Inc. (B)	2,254		78,710
Tabula Rasa HealthCare, Inc. (A)(B)	3,772		197,238
Teladoc Health, Inc. (A)	13,933		2,159,754
Vocera Communications, Inc. (A)	6,054		128,587
			12,108,985
Life sciences tools and services – 1.0%
Accelerate Diagnostics, Inc. (A)(B)	5,502		45,832
Agilent Technologies, Inc.	59,034		4,228,015
Bio-Rad Laboratories, Inc., Class A (A)	9,105		3,191,849
Bio-Techne Corp.	16,059		3,045,108
Charles River Laboratories International, Inc. (A)	20,579		2,597,276
ChromaDex Corp. (A)(B)	8,438		27,508
Codexis, Inc. (A)(B)	10,437		116,477
Eurofins Scientific SE (B)	2,405		1,173,639
Fluidigm Corp. (A)	14,161		35,969
Illumina, Inc. (A)	28,042		7,658,831
IQVIA Holdings, Inc. (A)	34,424		3,712,973
Lonza Group AG (A)	15,499		6,375,107

 

225

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
Luminex Corp.	8,088	$	222,663
Medpace Holdings, Inc. (A)	5,306		389,354
Mettler-Toledo International, Inc. (A)	4,646		3,208,109
NanoString Technologies, Inc. (A)	6,579		158,225
NeoGenomics, Inc. (A)	18,374		507,306
Pacific Biosciences of California, Inc. (A)(B)	28,382		86,849
PerkinElmer, Inc.	21,194		1,595,484
Personalis, Inc. (A)(B)	3,769		30,416
PRA Health Sciences, Inc. (A)	26,651		2,213,099
QIAGEN NV (A)	47,236		1,907,169
Quanterix Corp. (A)	2,646		48,607
Repligen Corp. (A)	29,822		2,879,016
Sartorius Stedim Biotech	5,761		1,149,630
Syneos Health, Inc. (A)	38,219		1,506,593
Thermo Fisher Scientific, Inc.	76,493		21,693,415
Waters Corp. (A)	12,291		2,237,577
			72,042,096
Pharmaceuticals – 6.1%
AcelRx Pharmaceuticals, Inc. (A)(B)	17,893		21,114
Aerie Pharmaceuticals, Inc. (A)(B)	8,297		112,010
Allergan PLC	62,622		11,090,356
Amneal Pharmaceuticals, Inc. (A)	23,202		80,743
Amphastar Pharmaceuticals, Inc. (A)	6,998		103,850
ANI Pharmaceuticals, Inc. (A)	1,786		72,762
Arvinas, Inc. (A)	4,124		166,197
Astellas Pharma, Inc.	393,047		6,055,816
AstraZeneca PLC	273,019		24,325,691
Axsome Therapeutics, Inc. (A)	5,209		306,445
Bayer AG	194,064		11,119,565
BioDelivery Sciences International, Inc. (A)	16,384		62,095
Bristol-Myers Squibb Company	447,175		24,925,535
Cara Therapeutics, Inc. (A)(B)	7,863		103,870
Catalent, Inc. (A)	65,208		3,387,556
Cerecor, Inc. (A)	4,842		12,008
Chiasma, Inc. (A)	7,129		26,021
Chugai Pharmaceutical Company, Ltd.	46,634		5,395,356
Collegium Pharmaceutical, Inc. (A)	6,208		101,377
Corcept Therapeutics, Inc. (A)(B)	18,516		220,155
Corium International, Inc. (A)(D)	5,285		951
CorMedix, Inc. (A)	5,485		19,691
Cymabay Therapeutics, Inc. (A)	14,840		21,963
Daiichi Sankyo Company, Ltd.	118,086		8,109,746
Eisai Company, Ltd.	52,468		3,837,897
Elanco Animal Health, Inc. (A)(D)	9,534		0
Eli Lilly & Company	161,175		22,358,196
Eloxx Pharmaceuticals, Inc. (A)	5,347		10,480
Endo International PLC (A)	43,843		162,219
Evolus, Inc. (A)	4,283		17,774
EyePoint Pharmaceuticals, Inc. (A)	13,281		13,547
Fulcrum Therapeutics, Inc. (A)	2,534		30,256
GlaxoSmithKline PLC	1,038,227		19,481,460
H Lundbeck A/S	14,499		425,725
Hisamitsu Pharmaceutical Company, Inc.	10,884		505,063
Innoviva, Inc. (A)	12,366		145,424
Intersect ENT, Inc. (A)	6,009		71,207
Intra-Cellular Therapies, Inc. (A)	10,201		156,789
Ipsen SA	7,851		402,441
Johnson & Johnson	502,054		65,834,341
Kala Pharmaceuticals, Inc. (A)	4,834		42,491
Kaleido Biosciences, Inc. (A)	2,345		14,422
Kyowa Kirin Company, Ltd.	50,659		1,132,203
Lannett Company, Inc. (A)(B)	6,321		43,931
Liquidia Technologies, Inc. (A)	2,841		13,381

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Mallinckrodt PLC (A)(B)	16,804	$	33,272
Marinus Pharmaceuticals, Inc. (A)	16,346		33,182
Menlo Therapeutics, Inc. (A)	9,518		25,508
Merck & Company, Inc.	485,670		37,367,450
Merck KGaA	26,905		2,716,384
Mylan NV (A)	98,457		1,467,994
MyoKardia, Inc. (A)(B)	8,577		402,090
Nektar Therapeutics (A)(B)	74,128		1,323,185
NGM Biopharmaceuticals, Inc. (A)	4,765		58,752
Nippon Shinyaku Company, Ltd.	9,500		743,912
Novartis AG	447,087		36,884,132
Novo Nordisk A/S, B Shares	368,221		21,988,699
Ocular Therapeutix, Inc. (A)	8,392		41,540
Odonate Therapeutics, Inc. (A)	2,299		63,475
Omeros Corp. (A)	9,958		133,138
Ono Pharmaceutical Company, Ltd.	79,200		1,820,049
Optinose, Inc. (A)(B)	6,053		27,178
Orion OYJ, Class B	21,741		884,777
Otsuka Holdings Company, Ltd.	81,293		3,171,921
Pacira BioSciences, Inc. (A)	7,925		265,725
Paratek Pharmaceuticals, Inc. (A)	7,010		22,082
Perrigo Company PLC	25,964		1,248,609
Pfizer, Inc.	1,055,685		34,457,558
Phathom Pharmaceuticals, Inc. (A)(B)	2,101		54,248
Phibro Animal Health Corp., Class A	3,977		96,124
Prestige Consumer Healthcare, Inc. (A)	30,879		1,132,642
Reata Pharmaceuticals, Inc., Class A (A)	4,373		631,199
Recordati SpA	21,796		918,323
Recro Pharma, Inc. (A)	3,873		31,642
Revance Therapeutics, Inc. (A)	9,983		147,748
Roche Holding AG	146,214		47,043,164
Sanofi	234,510		20,302,654
Santen Pharmaceutical Company, Ltd.	74,900		1,285,415
Satsuma Pharmaceuticals, Inc. (A)	976		21,004
Shionogi & Company, Ltd.	56,011		2,759,073
SIGA Technologies, Inc. (A)	10,634		50,831
Strongbridge Biopharma PLC (A)	7,718		14,587
Sumitomo Dainippon Pharma Company, Ltd.	33,092		429,580
Supernus Pharmaceuticals, Inc. (A)	9,637		173,370
Taisho Pharmaceutical Holdings Company, Ltd.	7,116		436,775
Takeda Pharmaceutical Company, Ltd.	311,598		9,487,564
Teva Pharmaceutical Industries, Ltd., ADR (A)	228,808		2,054,696
TherapeuticsMD, Inc. (A)(B)	44,221		46,874
Theravance Biopharma, Inc. (A)	9,495		219,429
Tricida, Inc. (A)(B)	4,241		93,302
UCB SA	26,327		2,252,594
Verrica Pharmaceuticals, Inc. (A)	2,742		29,970
Vifor Pharma AG	9,471		1,295,707
WaVe Life Sciences, Ltd. (A)(B)	4,508		42,240
Zoetis, Inc.	90,858		10,693,078
Zogenix, Inc. (A)	8,287		204,938
Zynerba Pharmaceuticals, Inc. (A)(B)	5,154		19,740
			457,689,243
			1,088,345,962
Industrials – 10.6%
Aerospace and defense – 1.6%
AAR Corp.	6,567		116,630
Aerojet Rocketdyne Holdings, Inc. (A)	14,044		587,461
AeroVironment, Inc. (A)	4,128		251,643
Airbus SE	121,496		7,834,285
Arconic, Inc.	73,893		1,186,722
Astronics Corp. (A)	4,828		44,321

 

226

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Axon Enterprise, Inc. (A)	36,249	$	2,565,342
BAE Systems PLC	667,757		4,290,353
Cubic Corp.	6,027		248,975
Curtiss-Wright Corp.	17,988		1,662,271
Dassault Aviation SA (B)	527		432,766
Ducommun, Inc. (A)	2,067		51,365
General Dynamics Corp.	44,702		5,914,522
Huntington Ingalls Industries, Inc.	7,802		1,421,602
Kratos Defense & Security Solutions, Inc. (A)	17,449		241,494
L3Harris Technologies, Inc.	42,170		7,595,660
Leonardo SpA	84,475		558,478
Lockheed Martin Corp.	47,351		16,049,621
Maxar Technologies, Inc.	11,727		125,244
Meggitt PLC	162,346		583,580
Mercury Systems, Inc. (A)	33,854		2,415,144
Moog, Inc., Class A	6,120		309,244
MTU Aero Engines AG	10,844		1,568,007
National Presto Industries, Inc.	951		67,340
Northrop Grumman Corp.	29,899		9,045,942
Park Aerospace Corp.	3,683		46,406
Parsons Corp. (A)	3,669		117,261
Raytheon Company	53,122		6,966,950
Rolls-Royce Holdings PLC (A)	360,037		1,521,677
Safran SA	68,163		6,039,042
Singapore Technologies Engineering, Ltd.	330,152		722,315
Teledyne Technologies, Inc. (A)	15,367		4,568,148
Textron, Inc.	43,543		1,161,292
Thales SA	22,253		1,842,898
The Boeing Company	101,990		15,210,789
TransDigm Group, Inc.	9,500		3,041,805
Triumph Group, Inc.	9,673		65,389
United Technologies Corp.	154,765		14,598,982
Vectrus, Inc. (A)	2,150		89,032
			121,159,998
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A)	11,338		207,259
Atlas Air Worldwide Holdings, Inc. (A)	4,577		117,492
C.H. Robinson Worldwide, Inc.	25,800		1,707,960
Deutsche Post AG	205,809		5,517,448
DSV Panalpina A/S	45,216		4,111,447
Echo Global Logistics, Inc. (A)	5,322		90,900
Expeditors International of Washington, Inc.	32,486		2,167,466
FedEx Corp.	45,789		5,552,374
Forward Air Corp.	5,437		275,384
Hub Group, Inc., Class A (A)	6,241		283,778
Radiant Logistics, Inc. (A)	8,032		31,084
SG Holdings Company, Ltd.	30,000		714,554
United Parcel Service, Inc., Class B	133,676		12,488,012
XPO Logistics, Inc. (A)	38,892		1,895,985
Yamato Holdings Company, Ltd.	64,093		1,001,202
			36,162,345
Airlines – 0.2%
Alaska Air Group, Inc.	23,496		668,931
Allegiant Travel Company	2,500		204,500
American Airlines Group, Inc. (B)	74,372		906,595
ANA Holdings, Inc. (B)	23,949		583,488
Delta Air Lines, Inc.	109,801		3,132,623
Deutsche Lufthansa AG (B)	49,294		461,054
easyJet PLC	33,008		228,731
Hawaiian Holdings, Inc.	8,835		92,237
Japan Airlines Company, Ltd.	23,940		439,956
JetBlue Airways Corp. (A)	121,646		1,088,732

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Airlines (continued)
Mesa Air Group, Inc. (A)	6,014	$	19,786
Qantas Airways, Ltd.	151,847		295,435
Singapore Airlines, Ltd.	112,927		458,385
SkyWest, Inc.	9,468		247,967
Southwest Airlines Company	90,353		3,217,470
Spirit Airlines, Inc. (A)	13,316		171,643
United Airlines Holdings, Inc. (A)	41,513		1,309,735
			13,527,268
Building products – 0.6%
AAON, Inc.	7,853		379,457
Advanced Drainage Systems, Inc.	8,323		245,029
AGC, Inc.	37,976		925,380
Allegion PLC	17,725		1,631,055
American Woodmark Corp. (A)	3,316		151,110
AO Smith Corp.	26,145		988,542
Apogee Enterprises, Inc.	5,203		108,326
Assa Abloy AB, B Shares	208,919		3,900,246
Builders FirstSource, Inc. (A)	21,975		268,754
Caesarstone, Ltd.	4,760		50,313
Cie de Saint-Gobain	102,515		2,459,891
Cornerstone Building Brands, Inc. (A)	9,253		42,194
CSW Industrials, Inc.	2,853		185,017
Daikin Industries, Ltd.	51,897		6,264,694
Fortune Brands Home & Security, Inc. (B)	26,544		1,148,028
Geberit AG	7,734		3,388,879
Gibraltar Industries, Inc. (A)	6,222		267,048
Griffon Corp.	7,265		91,902
Insteel Industries, Inc.	3,638		48,204
JELD-WEN Holding, Inc. (A)	13,226		128,689
Johnson Controls International PLC	147,155		3,967,299
Kingspan Group PLC	32,055		1,728,549
Lennox International, Inc.	14,775		2,685,947
LIXIL Group Corp.	55,550		684,441
Masco Corp.	54,195		1,873,521
Masonite International Corp. (A)	4,750		225,388
Owens Corning	45,839		1,779,012
Patrick Industries, Inc.	4,343		122,299
PGT Innovations, Inc. (A)	11,196		93,934
Quanex Building Products Corp.	6,477		65,288
Resideo Technologies, Inc. (A)	51,751		250,475
Simpson Manufacturing Company, Inc.	8,552		530,053
TOTO, Ltd.	29,600		976,449
Trane Technologies PLC	45,705		3,774,776
Trex Company, Inc. (A)	35,888		2,876,064
Universal Forest Products, Inc.	11,427		424,970
			44,731,223
Commercial services and supplies – 0.6%
ABM Industries, Inc.	12,812		312,100
ACCO Brands Corp.	19,060		96,253
Advanced Disposal Services, Inc. (A)	13,802		452,706
Brady Corp., Class A	9,286		419,077
Brambles, Ltd.	329,590		2,130,386
BrightView Holdings, Inc. (A)	6,084		67,289
Casella Waste Systems, Inc., Class A (A)	8,795		343,533
CECO Environmental Corp. (A)	6,291		29,379
Cimpress PLC (A)(B)	3,775		200,830
Cintas Corp.	15,992		2,770,134
Clean Harbors, Inc. (A)	21,635		1,110,741
Copart, Inc. (A)	39,022		2,673,787
Covanta Holding Corp. (B)	22,783		194,795
Dai Nippon Printing Company, Ltd.	50,673		1,076,857
Deluxe Corp.	25,980		673,661
Ennis, Inc.	5,066		95,139
G4S PLC	323,087		367,480

 

227

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Harsco Corp. (A)	15,349	$	106,983
Healthcare Services Group, Inc.	45,633		1,091,085
Heritage-Crystal Clean, Inc. (A)	3,005		48,801
Herman Miller, Inc.	36,350		806,970
HNI Corp.	26,395		664,890
Interface, Inc.	11,471		86,721
ISS A/S	32,824		449,049
KAR Auction Services, Inc.	54,260		651,120
Kimball International, Inc., Class B	7,237		86,193
Knoll, Inc.	9,751		100,630
Matthews International Corp., Class A	5,899		142,697
McGrath RentCorp	4,646		243,357
Mobile Mini, Inc.	8,467		222,089
MSA Safety, Inc.	21,795		2,205,654
Park24 Company, Ltd.	24,200		356,748
PICO Holdings, Inc. (A)	3,985		31,003
Pitney Bowes, Inc.	34,133		69,631
Quad/Graphics, Inc.	6,893		17,370
Rentokil Initial PLC	385,189		1,839,656
Republic Services, Inc.	40,181		3,015,986
Rollins, Inc.	26,859		970,684
Secom Company, Ltd.	43,755		3,618,897
Securitas AB, B Shares	65,251		700,955
Sohgo Security Services Company, Ltd.	14,900		723,234
SP Plus Corp. (A)	4,385		90,989
Steelcase, Inc., Class A	17,148		169,251
Stericycle, Inc. (A)	38,398		1,865,375
Team, Inc. (A)	5,876		38,194
Tetra Tech, Inc.	33,494		2,365,346
The Brink's Company	30,685		1,597,154
Toppan Printing Company, Ltd.	58,262		889,545
UniFirst Corp.	2,889		436,499
US Ecology, Inc.	4,708		143,123
Viad Corp.	4,001		84,941
VSE Corp.	1,776		29,109
Waste Management, Inc.	74,454		6,891,462
			45,865,538
Construction and engineering – 0.4%
ACS Actividades de Construccion y Servicios SA	54,696		1,086,227
AECOM (A)	66,191		1,975,801
Aegion Corp. (A)	6,112		109,588
Ameresco, Inc., Class A (A)	4,294		73,127
Arcosa, Inc.	9,330		370,774
Argan, Inc. (B)	2,858		98,801
Bouygues SA	46,600		1,352,386
CIMIC Group, Ltd.	20,429		289,342
Comfort Systems USA, Inc.	7,047		257,568
Concrete Pumping Holdings, Inc. (A)	5,682		16,251
Construction Partners, Inc., Class A (A)(B)	3,622		61,176
Dycom Industries, Inc. (A)(B)	19,260		494,019
Eiffage SA	16,405		1,164,484
EMCOR Group, Inc.	34,374		2,107,814
Ferrovial SA (B)	102,720		2,438,236
Fluor Corp.	59,065		408,139
Granite Construction, Inc.	9,236		140,202
Great Lakes Dredge & Dock Corp. (A)	11,981		99,442
HOCHTIEF AG	5,187		340,576
IES Holdings, Inc. (A)	1,603		28,293
Jacobs Engineering Group, Inc.	25,847		2,048,892
JGC Holdings Corp.	46,006		367,221
Kajima Corp.	93,885		959,647
MasTec, Inc. (A)	36,934		1,208,850
MYR Group, Inc. (A)	3,270		85,641

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Northwest Pipe Company (A)	1,837	$	40,873
NV5 Global, Inc. (A)	2,079		85,842
Obayashi Corp.	135,615		1,150,765
Primoris Services Corp.	8,735		138,887
Quanta Services, Inc.	27,144		861,279
Shimizu Corp.	123,629		962,061
Skanska AB, B Shares	71,088		1,069,815
Sterling Construction Company, Inc. (A)	5,103		48,479
Taisei Corp.	42,173		1,286,195
Tutor Perini Corp. (A)	7,815		52,517
Valmont Industries, Inc.	9,070		961,239
Vinci SA	106,398		8,693,700
WillScot Corp. (A)(B)	10,118		102,495
			33,036,644
Electrical equipment – 0.9%
ABB, Ltd. (B)	383,943		6,673,327
Acuity Brands, Inc.	16,696		1,430,179
Allied Motion Technologies, Inc.	1,447		34,294
American Superconductor Corp. (A)	4,582		25,109
AMETEK, Inc.	43,606		3,140,504
Atkore International Group, Inc. (A)	9,089		191,505
AZZ, Inc.	5,064		142,400
Bloom Energy Corp., Class A (A)(B)	10,848		56,735
Eaton Corp. PLC	78,860		6,126,633
Emerson Electric Company	116,202		5,537,025
Encore Wire Corp.	3,954		166,028
EnerSys	26,050		1,289,996
Fuji Electric Company, Ltd.	26,540		595,088
Generac Holdings, Inc. (A)	38,115		3,551,175
Hubbell, Inc.	22,916		2,629,382
Legrand SA	55,674		3,550,993
Melrose Industries PLC	1,011,979		1,124,545
Mitsubishi Electric Corp.	380,297		4,645,788
Nidec Corp.	93,186		4,802,294
nVent Electric PLC	65,572		1,106,200
Plug Power, Inc. (A)	57,485		203,497
Powell Industries, Inc.	1,747		44,845
Preformed Line Products Company	637		31,742
Prysmian SpA (B)	50,353		799,448
Regal Beloit Corp.	17,252		1,086,013
Rockwell Automation, Inc.	22,042		3,326,358
Schneider Electric SE	115,139		9,731,876
Siemens Gamesa Renewable Energy SA	49,761		734,280
Sunrun, Inc. (A)	21,766		219,837
Thermon Group Holdings, Inc. (A)	6,478		97,623
TPI Composites, Inc. (A)	5,632		83,241
Vestas Wind Systems A/S	39,351		3,201,818
Vicor Corp. (A)	3,455		153,886
Vivint Solar, Inc. (A)(B)	8,424		36,813
			66,570,477
Industrial conglomerates – 1.1%
3M Company	109,696		14,974,601
Carlisle Companies, Inc.	23,880		2,991,686
CK Hutchison Holdings, Ltd.	563,238		3,754,069
DCC PLC	20,532		1,282,247
General Electric Company	1,666,005		13,228,080
Honeywell International, Inc.	136,304		18,236,112
Jardine Matheson Holdings, Ltd.	46,300		2,330,367
Jardine Strategic Holdings, Ltd.	46,400		1,036,977
Keihan Holdings Company, Ltd.	20,200		896,014
Keppel Corp., Ltd.	304,145		1,131,212
NWS Holdings, Ltd.	329,599		335,890
Raven Industries, Inc.	6,976		148,100
Roper Technologies, Inc.	19,850		6,189,429
Sembcorp Industries, Ltd.	209,122		229,568

 

228

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Industrial conglomerates (continued)
Siemens AG	159,268	$	13,336,307
Smiths Group PLC	82,815		1,248,616
Toshiba Corp.	103,128		2,260,394
			83,609,669
Machinery – 2.1%
AGCO Corp.	26,413		1,248,014
Alamo Group, Inc.	1,869		165,930
Albany International Corp., Class A	5,899		279,200
Alfa Laval AB (B)	65,677		1,124,455
Alstom SA	39,868		1,646,234
Altra Industrial Motion Corp.	12,462		217,960
Amada Holdings Company, Ltd.	69,252		542,791
ANDRITZ AG (B)	15,292		479,094
Astec Industries, Inc.	4,368		152,749
Atlas Copco AB, A Shares	139,871		4,651,305
Atlas Copco AB, B Shares	81,256		2,363,682
Barnes Group, Inc.	9,079		379,775
Blue Bird Corp. (A)	3,166		34,604
Briggs & Stratton Corp. (B)	8,723		15,789
Caterpillar, Inc.	105,425		12,233,517
Chart Industries, Inc. (A)	7,006		203,034
CIRCOR International, Inc. (A)	3,760		43,729
CNH Industrial NV	211,255		1,203,158
Colfax Corp. (A)	35,229		697,534
Columbus McKinnon Corp.	4,551		113,775
Crane Company	21,482		1,056,485
Cummins, Inc.	29,225		3,954,727
Daifuku Company, Ltd. (B)	21,100		1,322,301
Deere & Company	60,065		8,298,580
Donaldson Company, Inc.	53,329		2,060,099
Douglas Dynamics, Inc.	4,357		154,717
Dover Corp.	27,711		2,326,061
Electrolux Professional AB, B Shares (A)	46,934		135,215
Energy Recovery, Inc. (A)(B)	7,294		54,267
Enerpac Tool Group Corp.	10,607		175,546
EnPro Industries, Inc.	3,986		157,766
Epiroc AB, A Shares	137,239		1,356,123
Epiroc AB, B Shares	81,468		803,006
ESCO Technologies, Inc.	4,882		370,593
Evoqua Water Technologies Corp. (A)	14,722		165,034
FANUC Corp.	40,318		5,387,525
Federal Signal Corp.	11,479		313,147
Flowserve Corp.	24,963		596,366
Fortive Corp.	56,371		3,111,115
Franklin Electric Company, Inc.	8,906		419,740
GEA Group AG	32,025		661,564
Gencor Industries, Inc. (A)	1,942		20,391
Graco, Inc.	70,275		3,424,501
Graham Corp.	2,053		26,484
Helios Technologies, Inc.	5,661		214,665
Hillenbrand, Inc.	14,158		270,559
Hino Motors, Ltd.	60,342		321,814
Hitachi Construction Machinery Company, Ltd.	22,452		450,297
Hoshizaki Corp.	11,300		845,259
Hurco Companies, Inc.	1,341		39,023
Hyster-Yale Materials Handling, Inc.	2,029		81,343
IDEX Corp.	14,509		2,003,838
IHI Corp.	30,676		357,242
Illinois Tool Works, Inc.	55,793		7,929,301
Ingersoll Rand, Inc. (A)	40,330		1,000,184
ITT, Inc.	36,954		1,676,233
John Bean Technologies Corp.	6,000		445,620
Kadant, Inc.	2,116		157,959
Kawasaki Heavy Industries, Ltd.	29,720		427,607

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Kennametal, Inc.	50,739	$	944,760
KION Group AG	13,556		583,421
Knorr-Bremse AG	10,142		891,643
Komatsu, Ltd.	192,376		3,113,301
Kone OYJ, B Shares	70,898		3,970,335
Kubota Corp.	218,352		2,777,227
Kurita Water Industries, Ltd.	20,727		475,526
LB Foster Company, Class A (A)	2,154		26,623
Lincoln Electric Holdings, Inc.	25,766		1,777,854
Lindsay Corp.	2,058		188,472
Luxfer Holdings PLC	5,453		77,105
Lydall, Inc. (A)	3,593		23,211
Makita Corp.	46,752		1,426,111
Meritor, Inc. (A)	14,207		188,243
Metso OYJ	21,992		518,255
Miller Industries, Inc.	2,197		62,131
MINEBEA MITSUMI, Inc.	75,700		1,118,123
MISUMI Group, Inc.	59,200		1,280,551
Mitsubishi Heavy Industries, Ltd. (B)	66,963		1,687,596
Mueller Industries, Inc.	10,725		256,757
Mueller Water Products, Inc., Class A	30,287		242,599
Nabtesco Corp.	23,489		537,305
Navistar International Corp. (A)	9,598		158,271
NGK Insulators, Ltd. (B)	54,961		715,307
NN, Inc.	8,984		15,542
Nordson Corp.	21,560		2,912,109
NSK, Ltd.	74,998		477,377
Omega Flex, Inc.	557		47,011
Oshkosh Corp.	28,677		1,844,791
PACCAR, Inc.	65,979		4,033,296
Parker-Hannifin Corp.	24,506		3,179,163
Park-Ohio Holdings Corp.	1,826		34,584
Pentair PLC	32,065		954,254
Proto Labs, Inc. (A)	5,210		396,637
RBC Bearings, Inc. (A)	4,645		523,910
REV Group, Inc.	5,431		22,647
Rexnord Corp.	20,430		463,148
Sandvik AB	235,240		3,309,047
Schindler Holding AG	4,279		895,905
Schindler Holding AG, Participation Certificates	8,441		1,846,701
SKF AB, B Shares	79,376		1,081,670
SMC Corp.	11,947		5,008,703
Snap-on, Inc.	10,462		1,138,475
Spartan Motors, Inc.	6,488		83,760
Spirax-Sarco Engineering PLC	15,365		1,542,538
SPX Corp. (A)	8,388		273,784
SPX FLOW, Inc. (A)	8,122		230,827
Standex International Corp.	2,419		118,579
Stanley Black & Decker, Inc.	28,998		2,899,800
Sumitomo Heavy Industries, Ltd.	23,125		413,741
Techtronic Industries Company, Ltd.	285,742		1,814,434
Tennant Company	3,457		200,333
Terex Corp.	39,880		572,677
The Eastern Company	1,056		20,592
The Gorman-Rupp Company	3,374		105,303
The Greenbrier Companies, Inc.	6,316		112,046
The Manitowoc Company, Inc. (A)	7,025		59,713
The Timken Company	28,565		923,792
The Toro Company	44,919		2,923,778
The Weir Group PLC	54,143		481,555
THK Company, Ltd.	25,152		506,779
Titan International, Inc.	10,527		16,317
TriMas Corp. (A)	8,639		199,561
Trinity Industries, Inc. (B)	41,356		664,591

 

229

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Twin Disc, Inc. (A)	2,282	$	15,928
Volvo AB, B Shares	309,675		3,680,775
Wabash National Corp.	10,188		73,557
Wabtec Corp.	34,737		1,671,892
Wartsila OYJ ABP	92,598		676,192
Watts Water Technologies, Inc., Class A	5,249		444,328
Welbilt, Inc. (A)	25,364		130,117
Woodward, Inc.	23,760		1,412,294
Xylem, Inc.	34,352		2,237,346
Yangzijiang Shipbuilding Holdings, Ltd.	498,515		289,258
Yaskawa Electric Corp.	49,910		1,357,085
			157,747,595
Marine – 0.1%
A.P. Moller - Maersk A/S, Series A (B)	791		649,666
A.P. Moller - Maersk A/S, Series B	1,353		1,199,251
Costamare, Inc.	9,900		44,748
Eagle Bulk Shipping, Inc. (A)(B)	9,899		18,313
Genco Shipping & Trading, Ltd.	3,379		21,693
Kirby Corp. (A)	25,260		1,098,052
Kuehne + Nagel International AG	11,236		1,530,575
Matson, Inc. (B)	8,229		251,972
Mitsui OSK Lines, Ltd.	23,804		381,533
Nippon Yusen KK (B)	31,825		375,907
Scorpio Bulkers, Inc.	11,294		28,574
			5,600,284
Professional services – 0.8%
Acacia Research Corp. (A)	10,772		23,914
Adecco Group AG	32,306		1,273,070
ASGN, Inc. (A)	32,117		1,134,372
Barrett Business Services, Inc.	1,417		56,170
BG Staffing, Inc.	2,163		16,179
Bureau Veritas SA	61,231		1,154,136
CBIZ, Inc. (A)	9,798		204,974
CRA International, Inc.	1,555		51,953
Equifax, Inc.	23,098		2,759,056
Experian PLC	189,688		5,271,682
Exponent, Inc.	9,944		715,073
Forrester Research, Inc. (A)	2,183		63,809
Franklin Covey Company (A)	1,866		28,998
FTI Consulting, Inc. (A)	23,010		2,755,908
GP Strategies Corp. (A)	2,849		18,547
Heidrick & Struggles International, Inc.	3,744		84,240
Huron Consulting Group, Inc. (A)	4,290		194,594
ICF International, Inc.	3,501		240,519
IHS Markit, Ltd.	76,492		4,589,520
Insperity, Inc.	22,993		857,639
Intertek Group PLC	33,611		1,963,725
Kelly Services, Inc., Class A	6,567		83,335
Kforce, Inc.	3,961		101,283
Korn Ferry	10,728		260,905
ManpowerGroup, Inc. (B)	24,845		1,316,537
Mistras Group, Inc. (A)	4,073		17,351
Nielsen Holdings PLC	67,874		851,140
Persol Holdings Company, Ltd. (B)	36,900		369,225
Randstad NV	24,840		876,651
Recruit Holdings Company, Ltd.	282,300		7,292,167
RELX PLC	404,667		8,636,575
Resources Connection, Inc.	6,230		68,343
Robert Half International, Inc.	22,426		846,582
SEEK, Ltd.	69,737		637,273
SGS SA	1,104		2,546,347
Teleperformance	12,196		2,525,995
TriNet Group, Inc. (A)	8,501		320,148
TrueBlue, Inc. (A)	7,600		96,976
Upwork, Inc. (A)	11,498		74,162

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Verisk Analytics, Inc.	31,260	$	4,357,019
Willdan Group, Inc. (A)	2,006		42,868
Wolters Kluwer NV	58,321		4,135,600
			58,914,560
Road and rail – 1.0%
ArcBest Corp.	5,062		88,686
Aurizon Holdings, Ltd.	414,178		1,073,372
Avis Budget Group, Inc. (A)(B)	35,110		488,029
Central Japan Railway Company	29,976		4,804,289
ComfortDelGro Corp., Ltd.	451,018		480,259
Covenant Transportation Group, Inc., Class A (A)	2,677		23,210
CSX Corp.	148,342		8,499,997
Daseke, Inc. (A)	10,229		14,321
East Japan Railway Company	62,940		4,762,691
Hankyu Hanshin Holdings, Inc.	47,600		1,599,134
Heartland Express, Inc.	8,920		165,644
Hertz Global Holdings, Inc. (A)	19,748		122,043
J.B. Hunt Transport Services, Inc.	16,265		1,500,121
Kansas City Southern	18,908		2,404,719
Keikyu Corp.	45,979		773,568
Keio Corp.	21,415		1,264,200
Keisei Electric Railway Company, Ltd.	26,894		777,184
Kintetsu Group Holdings Company, Ltd.	35,774		1,655,698
Knight-Swift Transportation Holdings, Inc.	51,771		1,698,089
Kyushu Railway Company	33,200		953,685
Landstar System, Inc.	16,628		1,593,960
Marten Transport, Ltd.	7,647		156,916
MTR Corp., Ltd. (B)	320,315		1,647,585
Nagoya Railroad Company, Ltd.	38,899		1,093,671
Nippon Express Company, Ltd.	16,246		792,461
Norfolk Southern Corp.	49,740		7,262,040
Odakyu Electric Railway Company, Ltd.	61,379		1,347,959
Old Dominion Freight Line, Inc.	18,273		2,398,514
Ryder System, Inc.	22,455		593,710
Saia, Inc. (A)	4,987		366,744
Seibu Holdings, Inc.	41,500		457,465
Tobu Railway Company, Ltd.	39,773		1,387,560
Tokyu Corp.	104,008		1,634,425
U.S. Xpress Enterprises, Inc., Class A (A)	4,807		16,055
Union Pacific Corp.	132,425		18,677,222
Universal Logistics Holdings, Inc.	1,713		22,440
Werner Enterprises, Inc.	27,330		990,986
West Japan Railway Company	33,825		2,313,460
			75,902,112
Trading companies and distributors – 0.6%
AerCap Holdings NV (A)	25,681		585,270
Applied Industrial Technologies, Inc.	7,363		336,636
Ashtead Group PLC	96,104		2,077,188
Beacon Roofing Supply, Inc. (A)	12,802		211,745
BMC Stock Holdings, Inc. (A)	12,839		227,635
Brenntag AG	32,301		1,173,564
Bunzl PLC	70,337		1,407,910
CAI International, Inc. (A)	3,171		44,838
DXP Enterprises, Inc. (A)	3,234		39,649
EVI Industries, Inc. (A)	1,001		15,796
Fastenal Company	109,406		3,418,938
Ferguson PLC	47,738		2,951,758
Foundation Building Materials, Inc. (A)	3,950		40,646
GATX Corp. (B)	21,518		1,346,166
General Finance Corp. (A)	2,722		16,985
GMS, Inc. (A)	7,829		123,150
H&E Equipment Services, Inc.	6,328		92,895

 

230

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Herc Holdings, Inc. (A)	4,771	$	97,615
ITOCHU Corp.	280,804		5,811,129
Kaman Corp.	5,338		205,353
Lawson Products, Inc. (A)	854		22,819
Marubeni Corp.	326,659		1,621,229
Mitsubishi Corp.	281,606		5,956,596
Mitsui & Company, Ltd.	345,203		4,792,694
MonotaRO Company, Ltd.	26,200		692,241
MRC Global, Inc. (A)	15,790		67,265
MSC Industrial Direct Company, Inc., Class A	18,980		1,043,331
NOW, Inc. (A)	67,064		346,050
Rush Enterprises, Inc., Class A	5,181		165,378
Rush Enterprises, Inc., Class B	925		28,222
SiteOne Landscape Supply, Inc. (A)	7,830		576,445
Sumitomo Corp.	248,138		2,829,825
Systemax, Inc.	2,329		41,293
Textainer Group Holdings, Ltd. (A)	10,165		83,556
Titan Machinery, Inc. (A)	3,781		32,857
Toyota Tsusho Corp.	44,382		1,036,735
Transcat, Inc. (A)	1,382		36,623
Triton International, Ltd.	10,415		269,436
United Rentals, Inc. (A)	14,337		1,475,277
Veritiv Corp. (A)	2,957		23,242
W.W. Grainger, Inc.	8,323		2,068,266
Watsco, Inc.	13,757		2,174,019
			45,608,265
Transportation infrastructure – 0.1%
Aena SME SA (C)	14,056		1,524,997
Aeroports de Paris	6,184		597,411
Atlantia SpA	103,092		1,280,656
Auckland International Airport, Ltd.	202,071		602,113
Fraport AG Frankfurt Airport Services Worldwide	8,661		348,649
Getlink SE	91,612		1,108,015
Japan Airport Terminal Company, Ltd. (B)	10,500		403,534
Kamigumi Company, Ltd.	22,306		376,515
SATS, Ltd.	141,000		313,426
Sydney Airport	230,612		796,787
Transurban Group	564,492		4,204,693
			11,556,796
			799,992,774
Information technology – 18.0%
Communications equipment – 0.8%
Acacia Communications, Inc. (A)	7,299		490,347
ADTRAN, Inc.	9,810		75,341
Applied Optoelectronics, Inc. (A)(B)	3,886		29,495
Arista Networks, Inc. (A)	10,347		2,095,785
CalAmp Corp. (A)	6,814		30,663
Calix, Inc. (A)	9,071		64,223
Casa Systems, Inc. (A)	6,683		23,391
Ciena Corp. (A)	65,184		2,594,975
Cisco Systems, Inc.	809,251		31,811,657
Clearfield, Inc. (A)	2,413		28,594
Comtech Telecommunications Corp. (B)	4,583		60,908
Digi International, Inc. (A)	5,675		54,140
Extreme Networks, Inc. (A)	23,110		71,410
F5 Networks, Inc. (A)	11,597		1,236,588
Harmonic, Inc. (A)	17,326		99,798
Infinera Corp. (A)(B)	34,685		183,831
Inseego Corp. (A)(B)	8,878		55,310
InterDigital, Inc.	19,163		855,245
Juniper Networks, Inc.	63,848		1,222,051

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
KVH Industries, Inc. (A)	3,489	$	32,901
Lumentum Holdings, Inc. (A)	47,179		3,477,092
Motorola Solutions, Inc.	32,684		4,344,357
NETGEAR, Inc. (A)	5,846		133,523
NetScout Systems, Inc. (A)	41,444		980,979
Nokia OYJ	1,172,413		3,610,864
Plantronics, Inc. (B)	6,679		67,191
Ribbon Communications, Inc. (A)	12,034		36,463
Telefonaktiebolaget LM Ericsson, B Shares	639,386		5,175,806
ViaSat, Inc. (A)	24,301		872,892
Viavi Solutions, Inc. (A)	44,328		496,917
			60,312,737
Electronic equipment, instruments and components – 1.2%
Akoustis Technologies, Inc. (A)(B)	6,093		32,719
Alps Alpine Company, Ltd.	43,400		418,186
Amphenol Corp., Class A	56,559		4,122,020
Anixter International, Inc. (A)	5,847		513,776
Arlo Technologies, Inc. (A)	15,886		38,603
Arrow Electronics, Inc. (A)	34,320		1,780,178
Avnet, Inc.	42,542		1,067,804
Badger Meter, Inc. (B)	5,492		294,371
Bel Fuse, Inc., Class B	2,107		20,522
Belden, Inc.	23,842		860,219
Benchmark Electronics, Inc.	7,156		143,048
CDW Corp.	27,408		2,556,344
Cognex Corp.	72,010		3,040,262
Coherent, Inc. (A)	10,177		1,082,935
Corning, Inc.	146,715		3,013,526
CTS Corp.	6,335		157,678
Daktronics, Inc.	7,566		37,300
ePlus, Inc. (A)	2,594		162,436
Fabrinet (A)	7,020		383,011
FARO Technologies, Inc. (A)	3,340		148,630
Fitbit, Inc., Class A (A)(B)	44,648		297,356
FLIR Systems, Inc.	25,591		816,097
Halma PLC	79,063		1,856,878
Hamamatsu Photonics KK	29,300		1,190,594
Hexagon AB, B Shares	54,663		2,311,435
Hirose Electric Company, Ltd.	6,775		698,454
Hitachi High-Tech Corp.	14,384		1,062,575
Hitachi, Ltd.	201,294		5,782,450
II-VI, Inc. (A)(B)	54,195		1,544,558
Ingenico Group SA	12,601		1,317,175
Insight Enterprises, Inc. (A)	6,730		283,535
IPG Photonics Corp. (A)	6,783		748,029
Iteris, Inc. (A)	8,457		27,062
Itron, Inc. (A)	6,581		367,417
Jabil, Inc.	58,535		1,438,790
KEMET Corp.	10,913		263,658
Keyence Corp.	38,000		12,217,471
Keysight Technologies, Inc. (A)	35,782		2,994,238
Kimball Electronics, Inc. (A)	4,991		54,502
Knowles Corp. (A)	15,681		209,812
Kyocera Corp.	66,763		3,939,735
Littelfuse, Inc.	10,264		1,369,423
Methode Electronics, Inc.	7,047		186,252
MTS Systems Corp.	3,782		85,095
Murata Manufacturing Company, Ltd.	119,539		5,942,848
Napco Security Technologies, Inc. (A)	2,297		34,845
National Instruments Corp.	49,701		1,644,109
nLight, Inc. (A)	6,607		69,307
Novanta, Inc. (A)	6,484		517,942
Omron Corp.	40,118		2,074,207
OSI Systems, Inc. (A)	3,252		224,128

 

231

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
PAR Technology Corp. (A)	2,200	$	28,292
PC Connection, Inc.	2,222		91,569
Plexus Corp. (A)	5,552		302,917
Rogers Corp. (A)	3,570		337,079
Sanmina Corp. (A)	13,248		361,405
ScanSource, Inc. (A)	5,021		107,399
Shimadzu Corp.	46,192		1,205,529
SYNNEX Corp.	17,217		1,258,563
TDK Corp.	26,921		2,069,933
TE Connectivity, Ltd.	63,804		4,018,376
Tech Data Corp. (A)	21,756		2,846,773
Trimble, Inc. (A)	104,977		3,341,418
TTM Technologies, Inc. (A)	19,180		198,321
Venture Corp., Ltd.	57,300		545,845
Vishay Intertechnology, Inc.	81,286		1,171,331
Vishay Precision Group, Inc. (A)	2,055		41,264
Yokogawa Electric Corp.	47,592		569,332
Zebra Technologies Corp., Class A (A)	10,286		1,888,510
			91,827,401
IT services – 3.7%
Accenture PLC, Class A	121,144		19,777,969
Adyen NV (A)(B)(C)	2,157		1,842,775
Akamai Technologies, Inc. (A)	30,827		2,820,362
Alliance Data Systems Corp.	7,819		263,109
Amadeus IT Group SA	89,713		4,222,687
Atos SE	20,411		1,359,887
Automatic Data Processing, Inc. (B)	82,541		11,281,704
Brightcove, Inc. (A)	7,718		53,794
Broadridge Financial Solutions, Inc.	21,870		2,073,932
CACI International, Inc., Class A (A)	10,552		2,228,055
Capgemini SE	33,037		2,760,647
Cardtronics PLC, Class A (A)(B)	7,123		149,013
Cass Information Systems, Inc.	2,768		97,323
Cognizant Technology Solutions Corp., Class A	104,453		4,853,931
Computershare, Ltd.	101,531		607,798
Conduent, Inc. (A)	34,845		85,370
CoreLogic, Inc.	33,506		1,023,273
CSG Systems International, Inc.	6,355		265,957
DXC Technology Company	48,834		637,284
Edenred	50,648		2,101,864
Endurance International Group Holdings, Inc. (A)	14,657		28,288
EVERTEC, Inc.	11,704		266,032
Evo Payments, Inc., Class A (A)	7,703		117,856
ExlService Holdings, Inc. (A)	6,435		334,813
Fidelity National Information Services, Inc.	117,241		14,261,195
Fiserv, Inc. (A)	108,945		10,348,686
FleetCor Technologies, Inc. (A)	16,554		3,087,983
Fujitsu, Ltd.	40,923		3,685,881
Gartner, Inc. (A)	17,064		1,699,062
Global Payments, Inc.	57,332		8,268,994
GMO Payment Gateway, Inc.	8,500		595,726
GTT Communications, Inc. (A)(B)	6,660		52,947
I3 Verticals, Inc., Class A (A)(B)	2,855		54,502
IBM Corp.	168,943		18,740,847
Information Services Group, Inc. (A)	8,158		20,966
International Money Express, Inc. (A)	3,653		33,352
Itochu Techno-Solutions Corp.	19,900		566,759
Jack Henry & Associates, Inc.	14,676		2,278,302
KBR, Inc.	86,962		1,798,374
Leidos Holdings, Inc.	25,384		2,326,444
Limelight Networks, Inc. (A)	22,362		127,463

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
LiveRamp Holdings, Inc. (A)	41,488	$	1,365,785
ManTech International Corp., Class A	5,132		372,942
Mastercard, Inc., Class A	169,343		40,906,495
MAXIMUS, Inc.	39,205		2,281,731
NEC Corp.	52,484		1,911,111
NIC, Inc.	12,664		291,272
Nomura Research Institute, Ltd.	70,500		1,489,153
NTT Data Corp.	131,110		1,255,058
Obic Company, Ltd.	13,500		1,758,910
Otsuka Corp.	21,700		925,082
Paychex, Inc.	60,770		3,823,648
PayPal Holdings, Inc. (A)	223,988		21,444,611
Paysign, Inc. (A)	6,031		31,120
Perficient, Inc. (A)	6,157		166,793
Perspecta, Inc.	84,890		1,548,394
PRGX Global, Inc. (A)	4,762		13,334
Sabre Corp.	115,406		684,358
Science Applications International Corp.	31,807		2,373,756
StarTek, Inc. (A)	3,839		14,435
Sykes Enterprises, Inc. (A)	7,359		199,576
The Hackett Group, Inc.	4,794		60,980
The Western Union Company (B)	79,977		1,449,983
TTEC Holdings, Inc.	3,353		123,122
Tucows, Inc., Class A (A)(B)	1,869		90,198
Unisys Corp. (A)	9,940		122,759
VeriSign, Inc. (A)	19,709		3,549,394
Verra Mobility Corp. (A)	24,555		175,323
Virtusa Corp. (A)	5,559		157,876
Visa, Inc., Class A	326,549		52,613,575
WEX, Inc. (A)	18,241		1,907,097
Wirecard AG (B)	24,416		2,750,953
Wix.com, Ltd. (A)(B)	10,000		1,008,200
Worldline SA (A)(C)	20,862		1,231,300
			275,299,530
Semiconductors and semiconductor equipment – 3.5%
Adesto Technologies Corp. (A)	5,209		58,289
Advanced Energy Industries, Inc. (A)	7,332		355,529
Advanced Micro Devices, Inc. (A)	212,435		9,661,544
Advantest Corp.	41,500		1,652,943
Alpha & Omega Semiconductor, Ltd. (A)	4,008		25,691
Ambarella, Inc. (A)	6,230		302,529
Amkor Technology, Inc. (A)	19,051		148,407
Analog Devices, Inc.	70,257		6,298,540
Applied Materials, Inc.	176,215		8,074,171
ASM Pacific Technology, Ltd.	63,368		587,569
ASML Holding NV	88,580		23,350,977
Axcelis Technologies, Inc. (A)	6,294		115,243
AXT, Inc. (A)	8,492		27,259
Broadcom, Inc.	75,669		17,941,120
Brooks Automation, Inc.	13,971		426,116
Cabot Microelectronics Corp.	17,841		2,036,372
CEVA, Inc. (A)	4,284		106,800
Cirrus Logic, Inc. (A)	35,564		2,334,065
Cohu, Inc.	7,789		96,428
Cree, Inc. (A)(B)	45,385		1,609,352
Cypress Semiconductor Corp.	155,616		3,628,965
Diodes, Inc. (A)	7,997		324,958
Disco Corp. (B)	5,600		1,089,495
DSP Group, Inc. (A)	4,249		56,937
Enphase Energy, Inc. (A)(B)	17,696		571,404
First Solar, Inc. (A)	31,979		1,153,163
FormFactor, Inc. (A)	14,539		292,089
GSI Technology, Inc. (A)	3,540		24,638
Ichor Holdings, Ltd. (A)	4,331		82,982
Impinj, Inc. (A)	3,238		54,107

 

232

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Infineon Technologies AG	260,090	$	3,754,593
Inphi Corp. (A)	8,645		684,425
Intel Corp.	829,803		44,908,938
KLA Corp.	30,101		4,326,718
Lam Research Corp.	27,675		6,642,000
Lattice Semiconductor Corp. (A)	24,297		432,973
MACOM Technology Solutions Holdings, Inc. (A)	8,933		169,102
Maxim Integrated Products, Inc. (B)	51,621		2,509,297
MaxLinear, Inc. (A)	12,906		150,613
Microchip Technology, Inc. (B)	45,587		3,090,799
Micron Technology, Inc. (A)	211,180		8,882,231
MKS Instruments, Inc.	22,969		1,870,825
Monolithic Power Systems, Inc.	17,022		2,850,504
NeoPhotonics Corp. (A)	7,679		55,673
NVE Corp.	983		51,145
NVIDIA Corp.	116,745		30,773,982
NXP Semiconductors NV	58,000		4,809,940
Onto Innovation, Inc. (A)	9,300		275,931
PDF Solutions, Inc. (A)	5,504		64,507
Photronics, Inc. (A)	12,381		127,029
Power Integrations, Inc.	5,446		481,045
Qorvo, Inc. (A)	22,161		1,786,841
QUALCOMM, Inc.	217,817		14,735,320
Rambus, Inc. (A)	21,199		235,309
Renesas Electronics Corp. (A)	159,300		566,641
Rohm Company, Ltd. (B)	19,442		1,055,354
Semtech Corp. (A)	40,642		1,524,075
Silicon Laboratories, Inc. (A)(B)	26,556		2,268,148
SiTime Corp. (A)	976		21,248
Skyworks Solutions, Inc.	32,501		2,904,939
SMART Global Holdings, Inc. (A)	2,592		62,986
SolarEdge Technologies, Inc. (A)(B)	20,483		1,677,148
STMicroelectronics NV	142,038		3,053,332
SUMCO Corp.	51,800		658,214
SunPower Corp. (A)(B)	14,356		72,785
Synaptics, Inc. (A)	20,696		1,197,678
Teradyne, Inc.	70,612		3,825,052
Texas Instruments, Inc.	178,317		17,819,218
Tokyo Electron, Ltd.	32,660		6,086,956
Ultra Clean Holdings, Inc. (A)	7,676		105,929
Universal Display Corp.	17,866		2,354,381
Veeco Instruments, Inc. (A)	9,551		91,403
Xilinx, Inc.	47,970		3,738,782
Xperi Corp.	9,587		133,355
			265,375,046
Software – 5.7%
8x8, Inc. (A)(B)	18,651		258,503
A10 Networks, Inc. (A)	9,730		60,423
ACI Worldwide, Inc. (A)	70,935		1,713,080
Adobe, Inc. (A)	92,343		29,387,236
Agilysys, Inc. (A)(B)	3,878		64,763
Alarm.com Holdings, Inc. (A)	7,101		276,300
Altair Engineering, Inc., Class A (A)	7,701		204,077
American Software, Inc., Class A	5,714		81,196
ANSYS, Inc. (A)	16,325		3,795,073
Appfolio, Inc., Class A (A)	3,015		334,514
Appian Corp. (A)(B)	6,576		264,552
Autodesk, Inc. (A)	41,973		6,551,985
Avaya Holdings Corp. (A)(B)	20,063		162,310
AVEVA Group PLC	13,404		577,508
Benefitfocus, Inc. (A)	5,932		52,854
Blackbaud, Inc.	30,146		1,674,610
Blackline, Inc. (A)	8,317		437,557
Bottomline Technologies DE, Inc. (A)	8,363		306,504

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Box, Inc., Class A (A)	28,262	$	396,798
Cadence Design Systems, Inc. (A)	53,526		3,534,857
CDK Global, Inc.	51,153		1,680,376
Ceridian HCM Holding, Inc. (A)	42,467		2,126,323
ChannelAdvisor Corp. (A)	5,325		38,660
Check Point Software Technologies, Ltd. (A)	25,826		2,596,546
Citrix Systems, Inc.	23,350		3,305,193
Cloudera, Inc. (A)(B)	47,805		376,225
CommVault Systems, Inc. (A)	25,798		1,044,303
Cornerstone OnDemand, Inc. (A)	11,026		350,076
CyberArk Software, Ltd. (A)	8,000		684,480
Dassault Systemes SE	27,336		3,990,810
Digimarc Corp. (A)(B)	2,430		31,712
Digital Turbine, Inc. (A)	15,178		65,417
Domo, Inc., Class B (A)	3,739		37,166
Ebix, Inc. (B)	4,663		70,784
eGain Corp. (A)	4,242		31,094
Envestnet, Inc. (A)	9,307		500,530
Everbridge, Inc. (A)	6,408		681,555
Fair Isaac Corp. (A)	12,204		3,755,049
Five9, Inc. (A)	11,527		881,354
ForeScout Technologies, Inc. (A)	8,361		264,124
Fortinet, Inc. (A)	27,080		2,739,684
GTY Technology Holdings, Inc. (A)(B)	7,959		35,975
Intelligent Systems Corp. (A)	1,299		44,153
Intuit, Inc.	49,656		11,420,880
j2 Global, Inc.	28,472		2,131,129
LivePerson, Inc. (A)(B)	12,020		273,455
LogMeIn, Inc.	20,569		1,712,986
Manhattan Associates, Inc. (A)	26,926		1,341,453
Micro Focus International PLC	70,416		347,474
Microsoft Corp.	1,455,265		229,509,818
MicroStrategy, Inc., Class A (A)	1,563		184,590
Mitek Systems, Inc. (A)	7,659		60,353
MobileIron, Inc. (A)	19,856		75,453
Model N, Inc. (A)	6,371		141,500
Nice, Ltd. (A)	13,228		1,912,710
NortonLifeLock, Inc.	109,379		2,046,481
OneSpan, Inc. (A)	6,463		117,303
Oracle Corp.	413,273		19,973,484
Oracle Corp. Japan	8,006		698,306
Paycom Software, Inc. (A)	9,358		1,890,410
Ping Identity Holding Corp. (A)(B)	2,647		52,993
Progress Software Corp.	8,678		277,696
PROS Holdings, Inc. (A)	6,440		199,833
PTC, Inc. (A)	43,798		2,680,876
Q2 Holdings, Inc. (A)	8,408		496,576
QAD, Inc., Class A	2,172		86,728
Qualys, Inc. (A)	6,488		564,391
Rapid7, Inc. (A)	9,522		412,588
Rimini Street, Inc. (A)	4,616		18,879
Rosetta Stone, Inc. (A)	4,024		56,416
SailPoint Technologies Holding, Inc. (A)	16,550		251,891
salesforce.com, Inc. (A)	169,203		24,361,848
SAP SE	204,494		22,831,328
SecureWorks Corp., Class A (A)	1,804		20,764
ServiceNow, Inc. (A)	35,977		10,310,289
SharpSpring, Inc. (A)(B)	2,341		14,186
ShotSpotter, Inc. (A)	1,606		44,133
Sprout Social, Inc., Class A (A)(B)	1,879		29,989
SPS Commerce, Inc. (A)	6,746		313,756
SVMK, Inc. (A)	16,766		226,509
Synchronoss Technologies, Inc. (A)	7,939		24,214
Synopsys, Inc. (A)	28,677		3,693,311

 

233

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Telaria, Inc. (A)	8,873	$	53,238
Telenav, Inc. (A)	6,654		28,745
Temenos AG (A)	13,582		1,770,408
Tenable Holdings, Inc. (A)	7,350		160,671
Teradata Corp. (A)	47,404		971,308
The Sage Group PLC	226,268		1,645,318
TiVo Corp.	24,220		171,478
Trend Micro, Inc.	26,264		1,296,975
Tyler Technologies, Inc. (A)	16,427		4,871,591
Upland Software, Inc. (A)	4,389		117,713
Varonis Systems, Inc. (A)	5,773		367,567
Verint Systems, Inc. (A)	12,791		550,013
VirnetX Holding Corp. (A)	11,982		65,542
WiseTech Global, Ltd.	29,733		309,103
Workiva, Inc. (A)	7,100		229,543
Yext, Inc. (A)(B)	18,684		190,390
Zix Corp. (A)	10,520		45,341
Zuora, Inc., Class A (A)(B)	17,272		139,040
			429,257,252
Technology hardware, storage and peripherals – 3.1%
3D Systems Corp. (A)	22,441		173,020
Apple, Inc.	796,738		202,602,506
Avid Technology, Inc. (A)	5,582		37,567
Brother Industries, Ltd.	46,436		703,342
Canon, Inc.	208,277		4,526,052
Diebold Nixdorf, Inc. (A)	15,027		52,895
FUJIFILM Holdings Corp.	75,038		3,697,838
Hewlett Packard Enterprise Company	246,842		2,396,836
HP, Inc.	282,689		4,907,481
Immersion Corp. (A)	6,240		33,446
Konica Minolta, Inc.	94,186		379,462
NCR Corp. (A)	53,766		951,658
NetApp, Inc.	43,536		1,815,016
Ricoh Company, Ltd. (B)	139,577		1,019,090
Seagate Technology PLC	44,101		2,152,129
Seiko Epson Corp. (B)	58,247		626,909
Stratasys, Ltd. (A)(B)	10,024		159,883
Western Digital Corp.	56,733		2,361,227
Xerox Holdings Corp.	35,466		671,726
			229,268,083
			1,351,340,049
Materials – 4.0%
Chemicals – 2.3%
Advanced Emissions Solutions, Inc. (B)	3,398		22,325
AdvanSix, Inc. (A)	5,605		53,472
Air Liquide SA	98,177		12,532,039
Air Products & Chemicals, Inc.	42,050		8,393,601
Air Water, Inc. (B)	37,607		515,022
Akzo Nobel NV	47,434		3,119,669
Albemarle Corp.	20,227		1,140,196
American Vanguard Corp.	5,626		81,352
Amyris, Inc. (A)	12,591		32,233
Arkema SA	14,313		977,213
Asahi Kasei Corp.	262,657		1,840,390
Ashland Global Holdings, Inc.	25,378		1,270,676
Balchem Corp.	6,206		612,656
BASF SE	191,135		8,934,017
Cabot Corp.	24,008		627,089
Celanese Corp.	23,058		1,692,227
CF Industries Holdings, Inc.	41,477		1,128,174
Chase Corp.	1,420		116,852
Chr. Hansen Holding A/S (B)	21,948		1,619,603
Clariant AG (A)(B)	41,512		690,935
Corteva, Inc.	142,764		3,354,954

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Covestro AG (C)	36,158	$	1,097,328
Croda International PLC	26,754		1,411,476
Daicel Corp.	51,785		376,739
Dow, Inc.	141,447		4,135,910
DuPont de Nemours, Inc.	141,316		4,818,876
Eastman Chemical Company	25,939		1,208,239
Ecolab, Inc.	47,837		7,454,440
EMS-Chemie Holding AG	1,709		1,065,857
Evonik Industries AG	38,803		810,331
Ferro Corp. (A)(B)	15,934		149,142
FMC Corp.	24,725		2,019,785
FutureFuel Corp.	5,300		59,731
GCP Applied Technologies, Inc. (A)	10,513		187,131
Givaudan SA	1,923		5,917,022
Hawkins, Inc.	1,896		67,498
HB Fuller Company	9,817		274,189
Hitachi Chemical Company, Ltd.	21,670		922,131
Incitec Pivot, Ltd.	334,552		414,986
Ingevity Corp. (A)	25,776		907,315
Innospec, Inc.	4,667		324,310
International Flavors & Fragrances, Inc. (B)	20,369		2,079,283
Intrepid Potash, Inc. (A)	20,240		16,192
Israel Chemicals, Ltd.	155,630		495,661
Johnson Matthey PLC	40,259		887,069
JSR Corp.	39,990		730,915
Kansai Paint Company, Ltd.	36,854		699,044
Koninklijke DSM NV	37,772		4,248,925
Koppers Holdings, Inc. (A)	3,670		45,398
Kraton Corp. (A)	6,582		53,314
Kronos Worldwide, Inc. (B)	4,455		37,600
Kuraray Company, Ltd.	66,406		668,139
LANXESS AG	17,281		687,853
Linde PLC	102,471		17,727,483
Livent Corp. (A)(B)	28,656		150,444
LyondellBasell Industries NV, Class A	48,973		2,430,530
Minerals Technologies, Inc.	21,419		776,653
Mitsubishi Chemical Holdings Corp. (B)	266,259		1,581,054
Mitsubishi Gas Chemical Company, Inc.	33,270		359,011
Mitsui Chemicals, Inc.	38,318		721,227
NewMarket Corp.	3,112		1,191,491
Nippon Paint Holdings Company, Ltd.	30,500		1,587,592
Nissan Chemical Corp. (B)	26,000		941,650
Nitto Denko Corp.	32,987		1,465,249
Novozymes A/S, B Shares (B)	44,427		1,992,853
Olin Corp. (B)	67,280		785,158
OMNOVA Solutions, Inc. (A)	8,455		85,734
Orica, Ltd.	79,310		742,438
Orion Engineered Carbons SA	11,910		88,849
PolyOne Corp.	55,810		1,058,716
PPG Industries, Inc.	45,107		3,770,945
PQ Group Holdings, Inc. (A)	7,546		82,251
Quaker Chemical Corp. (B)	2,522		318,478
Rayonier Advanced Materials, Inc.	12,086		12,811
RPM International, Inc.	54,643		3,251,259
Sensient Technologies Corp.	26,002		1,131,347
Shin-Etsu Chemical Company, Ltd.	75,646		7,435,033
Showa Denko KK	28,000		574,451
Sika AG	26,558		4,361,162
Solvay SA	15,417		1,111,064
Stepan Company	3,925		347,206
Sumitomo Chemical Company, Ltd. (B)	309,644		914,829
Symrise AG	26,789		2,478,219
Taiyo Nippon Sanso Corp.	27,057		400,364
Teijin, Ltd.	37,048		626,666

 

234

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
The Chemours Company (B)	68,894	$	611,090
The Mosaic Company	66,697		721,662
The Scotts Miracle-Gro Company	16,695		1,709,568
The Sherwin-Williams Company	15,672		7,201,597
Toray Industries, Inc.	288,572		1,249,093
Tosoh Corp.	54,000		610,259
Trecora Resources (A)	4,681		27,852
Tredegar Corp.	5,165		80,729
Trinseo SA	7,653		138,596
Tronox Holdings PLC, Class A (B)	18,028		89,779
Umicore SA (B)	41,011		1,414,520
Valvoline, Inc.	79,384		1,039,137
Yara International ASA	36,848		1,165,099
			169,587,722
Construction materials – 0.2%
Boral, Ltd.	244,077		306,569
CRH PLC	165,805		4,483,856
Eagle Materials, Inc.	17,542		1,024,804
Fletcher Building, Ltd.	177,854		370,165
Forterra, Inc. (A)	3,677		21,988
HeidelbergCement AG	30,962		1,322,791
James Hardie Industries PLC, CHESS Depositary Interest	92,097		1,069,312
LafargeHolcim, Ltd. (A)	102,535		3,741,861
Martin Marietta Materials, Inc.	11,923		2,256,189
Summit Materials, Inc., Class A (A)	21,988		329,820
Taiheiyo Cement Corp.	25,070		427,024
U.S. Concrete, Inc. (A)	3,174		57,576
United States Lime & Minerals, Inc.	398		29,392
Vulcan Materials Company	25,248		2,728,551
			18,169,898
Containers and packaging – 0.3%
Amcor PLC (B)	309,057		2,509,543
AptarGroup, Inc. (B)	26,937		2,681,309
Avery Dennison Corp.	15,929		1,622,687
Ball Corp.	62,403		4,034,978
Greif, Inc., Class A (B)	15,988		497,067
Greif, Inc., Class B	1,198		47,992
International Paper Company	74,800		2,328,524
Myers Industries, Inc.	7,136		76,712
O-I Glass, Inc. (B)	65,578		466,260
Packaging Corp. of America	18,057		1,567,889
Sealed Air Corp.	29,475		728,327
Silgan Holdings, Inc.	32,672		948,141
Smurfit Kappa Group PLC	46,971		1,330,605
Sonoco Products Company	42,178		1,954,950
Toyo Seikan Group Holdings, Ltd.	29,529		336,844
UFP Technologies, Inc. (A)	1,279		48,717
Westrock Company	49,196		1,390,279
			22,570,824
Metals and mining – 1.1%
1911 Gold Corp. (A)	3,149		723
Allegheny Technologies, Inc. (A)	77,560		659,260
Alumina, Ltd.	508,989		456,154
Anglo American PLC	215,760		3,780,895
Antofagasta PLC	82,059		783,700
ArcelorMittal SA	138,171		1,304,395
BHP Group PLC	439,530		6,821,352
BHP Group, Ltd.	613,110		11,122,616
BlueScope Steel, Ltd.	107,038		560,400
Boliden AB	56,857		1,020,007
Carpenter Technology Corp. (B)	29,224		569,868
Century Aluminum Company (A)	9,859		35,690
Cleveland-Cliffs, Inc. (B)	76,297		301,373

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Coeur Mining, Inc. (A)	46,360	$	148,816
Commercial Metals Company	72,663		1,147,349
Compass Minerals International, Inc. (B)	20,834		801,484
Evraz PLC	105,802		302,713
Fortescue Metals Group, Ltd.	288,383		1,767,275
Freeport-McMoRan, Inc.	276,775		1,868,231
Glencore PLC (A)	2,256,094		3,414,706
Gold Resource Corp.	12,115		33,316
Haynes International, Inc.	2,540		52,349
Hecla Mining Company	100,255		182,464
Hitachi Metals, Ltd.	44,764		469,872
JFE Holdings, Inc. (B)	102,333		663,125
Kaiser Aluminum Corp.	3,027		209,711
Maruichi Steel Tube, Ltd. (B)	11,861		284,072
Materion Corp.	3,944		138,079
Mitsubishi Materials Corp.	23,269		475,690
Newcrest Mining, Ltd.	159,830		2,194,901
Newmont Corp.	156,392		7,081,430
Nippon Steel Corp. (B)	168,300		1,434,641
Norsk Hydro ASA	279,892		603,492
Novagold Resources, Inc. (A)	44,329		327,148
Nucor Corp.	57,841		2,083,433
Olympic Steel, Inc.	1,988		20,576
Reliance Steel & Aluminum Company	28,087		2,460,140
Rio Tinto PLC	235,150		10,779,804
Rio Tinto, Ltd.	77,258		3,980,291
Royal Gold, Inc.	27,638		2,424,129
Ryerson Holding Corp. (A)	3,351		17,827
Schnitzer Steel Industries, Inc., Class A	5,115		66,700
South32, Ltd.	1,039,929		1,147,987
Steel Dynamics, Inc.	90,784		2,046,271
Sumitomo Metal Mining Company, Ltd.	48,407		989,657
SunCoke Energy, Inc.	14,276		54,963
Synalloy Corp. (A)	1,873		16,351
thyssenkrupp AG (A)	84,241		443,711
TimkenSteel Corp. (A)	8,126		26,247
United States Steel Corp. (B)	71,648		452,099
voestalpine AG (B)	24,249		489,262
Warrior Met Coal, Inc.	9,932		105,478
Worthington Industries, Inc.	23,028		604,485
			79,226,708
Paper and forest products – 0.1%
Boise Cascade Company	7,477		177,803
Clearwater Paper Corp. (A)	3,129		68,243
Domtar Corp.	24,133		522,238
Louisiana-Pacific Corp.	71,839		1,234,194
Mondi PLC	101,030		1,704,944
Neenah, Inc.	3,216		138,706
Oji Holdings Corp.	179,338		953,391
PH Glatfelter Company	8,478		103,601
Schweitzer-Mauduit International, Inc.	5,983		166,447
Stora Enso OYJ, R Shares	120,969		1,209,550
UPM-Kymmene OYJ	111,045		3,027,854
Verso Corp., Class A (A)	6,860		77,381
			9,384,352
			298,939,504
Real estate – 3.6%
Equity real estate investment trusts – 2.9%
Acadia Realty Trust	16,639		206,157
Agree Realty Corp.	7,916		490,000
Alexander & Baldwin, Inc.	13,441		150,808
Alexander's, Inc.	419		115,623
Alexandria Real Estate Equities, Inc.	23,387		3,205,422
American Assets Trust, Inc.	9,297		232,425

 

235

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
American Campus Communities, Inc.	57,898	$	1,606,670
American Finance Trust, Inc.	20,762		129,763
American Tower Corp.	84,495		18,398,786
Apartment Investment & Management Company, A Shares	28,401		998,295
Armada Hoffler Properties, Inc.	10,768		115,218
Ascendas Real Estate Investment Trust	600,678		1,189,350
Ashford Hospitality Trust, Inc.	22,554		16,672
AvalonBay Communities, Inc.	26,642		3,920,903
Bluerock Residential Growth REIT, Inc.	5,071		28,245
Boston Properties, Inc.	27,431		2,529,961
Braemar Hotels & Resorts, Inc.	7,430		12,631
Brixmor Property Group, Inc.	125,501		1,192,260
BRT Apartments Corp.	2,129		21,822
Camden Property Trust	40,802		3,233,150
CapitaLand Commercial Trust	561,894		602,945
CapitaLand Mall Trust	537,503		673,957
Career Education Corp.	146,915		533,301
CareTrust REIT, Inc.	18,471		273,186
CatchMark Timber Trust, Inc., Class A	10,157		73,334
CBL & Associates Properties, Inc. (A)	38,177		7,639
Cedar Realty Trust, Inc.	18,882		17,619
Chatham Lodging Trust	9,615		57,113
CIM Commercial Trust Corp.	2,539		28,158
City Office REIT, Inc.	10,600		76,638
Clipper Realty, Inc.	3,272		16,949
Community Healthcare Trust, Inc.	3,614		138,344
CoreCivic, Inc.	73,280		818,538
CorEnergy Infrastructure Trust, Inc.	2,525		46,410
CorePoint Lodging, Inc.	8,662		33,955
CoreSite Realty Corp.	15,880		1,840,492
Corporate Office Properties Trust	47,218		1,044,934
Cousins Properties, Inc.	61,841		1,810,086
Covivio	9,967		559,754
Crown Castle International Corp.	79,312		11,452,653
CyrusOne, Inc.	47,699		2,945,413
Daiwa House REIT Investment Corp.	388		950,959
Dexus	228,087		1,263,966
DiamondRock Hospitality Company	38,946		197,846
Digital Realty Trust, Inc.	39,815		5,530,702
Douglas Emmett, Inc.	69,453		2,119,011
Duke Realty Corp.	70,117		2,270,388
Easterly Government Properties, Inc.	14,237		350,800
EastGroup Properties, Inc.	23,517		2,457,056
EPR Properties	33,059		800,689
Equinix, Inc.	16,268		10,160,505
Equity Residential	66,589		4,109,207
Essential Properties Realty Trust, Inc.	17,560		229,334
Essex Property Trust, Inc.	12,606		2,776,345
Extra Space Storage, Inc.	24,705		2,365,751
Farmland Partners, Inc.	5,771		35,030
Federal Realty Investment Trust	13,398		999,625
First Industrial Realty Trust, Inc.	77,683		2,581,406
Four Corners Property Trust, Inc.	13,349		249,760
Franklin Street Properties Corp.	20,655		118,353
Front Yard Residential Corp.	9,625		115,019
Gecina SA	9,511		1,251,549
Getty Realty Corp.	6,496		154,215
Gladstone Commercial Corp.	6,503		93,383
Gladstone Land Corp.	3,821		45,279
Global Medical REIT, Inc.	7,473		75,627
Global Net Lease, Inc.	17,387		232,464
Goodman Group	342,360		2,509,383
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	12,140		247,777

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Healthcare Realty Trust, Inc.	81,688	$	2,281,546
Healthpeak Properties, Inc.	94,417		2,251,845
Hersha Hospitality Trust	8,082		28,934
Highwoods Properties, Inc.	43,714		1,548,350
Host Hotels & Resorts, Inc.	136,808		1,510,360
ICADE	6,198		486,471
Independence Realty Trust, Inc.	17,652		157,809
Industrial Logistics Properties Trust	12,476		218,829
Innovative Industrial Properties, Inc.	3,131		237,737
Investors Real Estate Trust	2,253		123,915
Iron Mountain, Inc.	54,775		1,303,645
iStar, Inc.	11,126		118,047
Japan Prime Realty Investment Corp.	163		492,469
Japan Real Estate Investment Corp.	274		1,610,650
Japan Retail Fund Investment Corp.	545		619,540
JBG SMITH Properties	49,735		1,583,065
Jernigan Capital, Inc.	4,360		47,786
Kilroy Realty Corp.	41,096		2,617,815
Kimco Realty Corp.	80,544		778,860
Kite Realty Group Trust	16,031		151,814
Klepierre SA (B)	41,113		783,678
Lamar Advertising Company, Class A	36,242		1,858,490
Land Securities Group PLC	146,358		1,009,272
Lexington Realty Trust	46,520		461,944
Life Storage, Inc.	19,657		1,858,569
Link REIT	438,106		3,692,564
LTC Properties, Inc.	7,539		232,955
Mack-Cali Realty Corp.	54,947		836,843
Mapletree Commercial Trust	419,300		537,785
Medical Properties Trust, Inc.	218,031		3,769,756
Mid-America Apartment Communities, Inc.	21,759		2,241,830
Mirvac Group	818,285		1,039,627
Monmouth Real Estate Investment Corp.	18,117		218,310
National Health Investors, Inc.	8,036		397,943
National Retail Properties, Inc.	72,322		2,328,045
National Storage Affiliates Trust	11,369		336,522
New Senior Investment Group, Inc.	16,969		43,441
NexPoint Residential Trust, Inc.	3,740		94,285
Nippon Building Fund, Inc.	279		1,876,819
Nippon Prologis REIT, Inc.	415		1,044,177
Nomura Real Estate Master Fund, Inc.	851		1,082,404
Office Properties Income Trust	9,262		252,390
Omega Healthcare Investors, Inc.	92,069		2,443,511
One Liberty Properties, Inc.	3,352		46,693
Orix JREIT, Inc.	545		716,817
Park Hotels & Resorts, Inc.	100,868		797,866
Pebblebrook Hotel Trust	80,352		875,033
Pennsylvania Real Estate Investment Trust	15,947		14,537
Physicians Realty Trust	36,283		505,785
Piedmont Office Realty Trust, Inc., Class A	23,938		422,745
PotlatchDeltic Corp.	41,136		1,291,259
Preferred Apartment Communities, Inc., Class A	9,214		66,157
Prologis, Inc.	140,827		11,318,266
PS Business Parks, Inc.	12,251		1,660,256
Public Storage	28,657		5,691,567
QTS Realty Trust, Inc., Class A	11,045		640,720
Rayonier, Inc.	54,488		1,283,192
Realty Income Corp.	62,172		3,099,896
Regency Centers Corp.	31,964		1,228,377
Retail Opportunity Investments Corp.	22,432		185,961
Retail Value, Inc.	3,172		38,857

 

236

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Rexford Industrial Realty, Inc.	21,802	$	894,100
RLJ Lodging Trust	32,909		254,057
RPT Realty	14,866		89,642
Ryman Hospitality Properties, Inc.	9,458		339,069
Sabra Health Care REIT, Inc.	125,297		1,368,243
Safehold, Inc.	2,410		152,384
Saul Centers, Inc.	2,453		80,311
SBA Communications Corp.	21,480		5,798,956
Scentre Group	1,106,198		1,059,543
Segro PLC	227,302		2,148,771
Seritage Growth Properties, Class A (A)	6,834		62,258
Service Properties Trust	69,340		374,436
Simon Property Group, Inc.	58,537		3,211,340
SL Green Realty Corp.	15,550		670,205
Spirit Realty Capital, Inc.	42,022		1,098,875
STAG Industrial, Inc.	28,768		647,855
Stockland	495,899		762,551
Summit Hotel Properties, Inc.	20,596		86,915
Sunstone Hotel Investors, Inc.	43,407		378,075
Suntec Real Estate Investment Trust	408,300		357,071
Tanger Factory Outlet Centers, Inc.	17,774		88,870
Taubman Centers, Inc.	25,796		1,080,336
Terreno Realty Corp.	12,644		654,327
The British Land Company PLC	183,373		764,700
The GEO Group, Inc.	74,171		901,919
The GPT Group	405,136		900,072
The Macerich Company	46,428		261,390
UDR, Inc.	55,903		2,042,696
UMH Properties, Inc.	7,126		77,388
Unibail-Rodamco-Westfield (B)	28,766		1,649,053
United Urban Investment Corp.	616		616,284
Uniti Group, Inc.	35,851		216,182
Universal Health Realty Income Trust	2,459		247,892
Urban Edge Properties	70,950		625,070
Urstadt Biddle Properties, Inc., Class A	5,947		83,853
Ventas, Inc.	71,103		1,905,560
Vicinity Centres	666,988		417,227
Vornado Realty Trust	30,217		1,094,158
Washington Prime Group, Inc.	38,991		31,392
Washington Real Estate Investment Trust	15,891		379,318
Weingarten Realty Investors	50,965		735,425
Welltower, Inc.	77,402		3,543,464
Weyerhaeuser Company	142,143		2,409,324
Whitestone REIT	7,551		46,816
Xenia Hotels & Resorts, Inc.	22,074		227,362
			222,466,374
Real estate management and development – 0.7%
Aeon Mall Company, Ltd.	21,231		267,964
Aroundtown SA	190,795		955,015
Azrieli Group, Ltd.	9,706		554,945
CapitaLand, Ltd.	534,584		1,071,268
CBRE Group, Inc., Class A (A)	63,857		2,408,047
City Developments, Ltd.	94,613		479,751
CK Asset Holdings, Ltd.	537,562		2,916,644
Consolidated-Tomoka Land Company	1,048		47,506
Cushman & Wakefield PLC (A)	21,838		256,378
Daito Trust Construction Company, Ltd.	14,911		1,384,687
Daiwa House Industry Company, Ltd.	117,766		2,909,681
Deutsche Wohnen SE	74,840		2,836,336
eXp World Holdings, Inc. (A)	4,115		34,813
Forestar Group, Inc. (A)	3,252		33,658
FRP Holdings, Inc. (A)	1,403		60,329
Hang Lung Properties, Ltd.	420,313		847,578
Henderson Land Development Company, Ltd.	301,709		1,141,933

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
Hongkong Land Holdings, Ltd.	242,434	$	907,032
Hulic Company, Ltd.	63,069		638,263
Jones Lang LaSalle, Inc.	21,715		2,192,781
Kennedy-Wilson Holdings, Inc.	23,746		318,671
Kerry Properties, Ltd.	136,064		355,807
Lendlease Group	117,331		735,640
Marcus & Millichap, Inc. (A)	4,533		122,844
Maui Land & Pineapple Company, Inc. (A)	1,814		19,827
Mitsubishi Estate Company, Ltd.	245,924		3,632,087
Mitsui Fudosan Company, Ltd.	185,626		3,214,061
New World Development Company, Ltd.	1,275,569		1,360,108
Newmark Group, Inc., Class A	28,143		119,608
Nomura Real Estate Holdings, Inc.	25,963		420,101
Rafael Holdings, Inc., Class B (A)	2,154		27,593
RE/MAX Holdings, Inc., Class A	3,579		78,452
Realogy Holdings Corp. (B)	22,647		68,167
Redfin Corp. (A)(B)	17,367		267,799
Sino Land Company, Ltd.	637,722		802,611
Sumitomo Realty & Development Company, Ltd.	69,283		1,691,741
Sun Hung Kai Properties, Ltd.	331,314		4,331,610
Swire Pacific, Ltd., Class A	103,518		658,965
Swire Properties, Ltd.	243,087		679,123
Swiss Prime Site AG	15,811		1,538,892
Tejon Ranch Company (A)	4,323		60,781
The RMR Group, Inc., Class A	3,025		81,584
The St. Joe Company (A)	6,520		109,406
Tokyu Fudosan Holdings Corp.	127,081		610,382
UOL Group, Ltd.	96,370		442,139
Vonovia SE	107,188		5,331,905
Wharf Real Estate Investment Company, Ltd.	252,061		1,028,140
Wheelock & Company, Ltd.	170,285		1,153,840
			51,206,493
			273,672,867
Utilities – 3.8%
Electric utilities – 2.1%
ALLETE, Inc.	31,757		1,927,015
Alliant Energy Corp.	45,849		2,214,048
American Electric Power Company, Inc.	94,226		7,536,195
AusNet Services	386,096		405,404
Chubu Electric Power Company, Inc.	133,929		1,890,164
CK Infrastructure Holdings, Ltd.	137,843		729,726
CLP Holdings, Ltd.	341,834		3,131,201
Duke Energy Corp.	139,070		11,247,982
Edison International	68,406		3,747,965
EDP - Energias de Portugal SA	531,781		2,139,557
El Paso Electric Company	7,763		527,573
Electricite de France SA	126,908		992,357
Endesa SA	66,144		1,399,631
Enel SpA	1,692,079		11,671,691
Entergy Corp.	37,980		3,568,981
Evergy, Inc.	43,475		2,393,299
Eversource Energy	61,760		4,830,250
Exelon Corp.	185,439		6,826,010
FirstEnergy Corp.	103,069		4,129,975
Fortum OYJ	92,293		1,342,589
Genie Energy, Ltd., B Shares	3,060		21,971
Hawaiian Electric Industries, Inc.	45,917		1,976,727
HK Electric Investments & HK Electric Investments, Ltd.	555,500		533,319
Iberdrola SA	1,257,698		12,301,550
IDACORP, Inc.	21,236		1,864,308
Kyushu Electric Power Company, Inc.	78,818		632,141

 

237

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Mercury NZ, Ltd.	141,947	$	355,406
MGE Energy, Inc.	6,732		440,744
NextEra Energy, Inc.	93,239		22,435,168
NRG Energy, Inc.	47,994		1,308,316
OGE Energy Corp.	84,347		2,591,983
Orsted A/S (C)	39,357		3,852,957
Otter Tail Corp.	7,620		338,785
Pinnacle West Capital Corp.	21,443		1,625,165
PNM Resources, Inc.	48,824		1,855,312
Portland General Electric Company	17,193		824,232
Power Assets Holdings, Ltd.	288,736		1,712,851
PPL Corp.	137,925		3,403,989
Red Electrica Corp. SA	90,104		1,619,122
Spark Energy, Inc., Class A (B)	2,705		16,960
SSE PLC	212,445		3,413,790
Terna Rete Elettrica Nazionale SpA	292,662		1,839,633
The Chugoku Electric Power Company, Inc. (B)	57,836		806,941
The Kansai Electric Power Company, Inc.	146,324		1,628,719
The Southern Company	200,056		10,831,032
Tohoku Electric Power Company, Inc.	88,765		853,288
Tokyo Electric Power Company Holdings, Inc. (A)	317,128		1,103,206
Verbund AG	14,192		511,851
Xcel Energy, Inc.	100,032		6,031,930
			159,383,009
Gas utilities – 0.4%
APA Group	245,687		1,559,070
Atmos Energy Corp.	22,766		2,259,070
Chesapeake Utilities Corp. (B)	3,056		261,930
Enagas SA	47,180		930,728
Hong Kong & China Gas Company, Ltd.	2,113,470		3,460,657
National Fuel Gas Company (B)	36,374		1,356,386
Naturgy Energy Group SA	61,463		1,078,295
New Jersey Resources Corp.	58,631		1,991,695
Northwest Natural Holding Company	5,818		359,262
ONE Gas, Inc.	32,253		2,696,996
Osaka Gas Company, Ltd.	77,975		1,464,186
RGC Resources, Inc.	1,532		44,321
Snam SpA	423,636		1,936,141
South Jersey Industries, Inc. (B)	17,907		447,675
Southwest Gas Holdings, Inc.	33,494		2,329,843
Spire, Inc.	31,008		2,309,476
Toho Gas Company, Ltd.	15,484		698,031
Tokyo Gas Company, Ltd.	78,196		1,842,551
UGI Corp.	88,070		2,348,827
			29,375,140
Independent power and renewable electricity producers – 0.1%
AES Corp.	126,644		1,722,358
Atlantic Power Corp. (A)	22,211		47,532
Clearway Energy, Inc., Class A	6,716		115,314
Clearway Energy, Inc., Class C	15,280		287,264
Electric Power Development Company, Ltd.	30,448		610,231
Meridian Energy, Ltd.	267,036		637,309
Ormat Technologies, Inc.	7,627		516,043
Sunnova Energy International, Inc. (A)	6,196		62,394
TerraForm Power, Inc., Class A	15,258		240,619
Uniper SE	41,857		1,028,142
			5,267,206
Multi-utilities – 1.0%
AGL Energy, Ltd.	136,433		1,427,817

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
Ameren Corp.	46,932	$	3,418,058
Avista Corp.	12,751		541,790
Black Hills Corp.	37,612		2,408,296
CenterPoint Energy, Inc.	95,807		1,480,218
Centrica PLC	1,209,398		569,857
CMS Energy Corp.	54,145		3,181,019
Consolidated Edison, Inc.	63,414		4,946,292
Dominion Energy, Inc.	157,013		11,334,768
DTE Energy Company	36,646		3,480,271
E.ON SE	467,098		4,791,337
Engie SA	379,910		3,890,448
MDU Resources Group, Inc.	84,435		1,815,353
National Grid PLC	724,230		8,462,098
NiSource, Inc.	71,257		1,779,287
NorthWestern Corp.	30,936		1,850,901
Public Service Enterprise Group, Inc.	96,472		4,332,558
RWE AG	121,489		3,177,131
Sempra Energy	53,774		6,075,924
Suez	71,064		721,966
Unitil Corp.	2,830		148,066
Veolia Environnement SA	111,780		2,360,891
WEC Energy Group, Inc.	60,172		5,302,958
			77,497,304
Water utilities – 0.2%
American States Water Company	7,046		575,940
American Water Works Company, Inc.	34,485		4,123,027
Artesian Resources Corp., Class A	1,672		62,499
Cadiz, Inc. (A)	2,852		33,283
California Water Service Group	9,264		466,164
Consolidated Water Company, Ltd.	2,952		48,413
Essential Utilities, Inc.	90,948		3,701,584
Global Water Resources, Inc.	2,583		26,321
Middlesex Water Company	3,260		195,991
Pure Cycle Corp. (A)	3,988		44,466
Severn Trent PLC	49,493		1,400,996
SJW Group	5,087		293,876
The York Water Company	2,542		110,475
United Utilities Group PLC	141,884		1,588,237
			12,671,272
			284,193,931
TOTAL COMMON STOCKS (Cost $5,401,009,441)		$	7,247,672,367
PREFERRED SECURITIES – 0.1%
Communication services – 0.0%
Media – 0.0%
GCI Liberty, Inc., 7.000%	1,037		23,872
Consumer discretionary – 0.1%
Automobiles – 0.1%
Bayerische Motoren Werke AG	11,670		494,870
Porsche Automobil Holding SE	31,841		1,330,966
Volkswagen AG	38,524		4,437,831
			6,263,667
Consumer staples – 0.0%
Household products – 0.0%
Henkel AG & Company KGaA	37,032		2,961,878
Health care – 0.0%
Health care equipment and supplies – 0.0%
Sartorius AG	7,403		1,769,877
Materials – 0.0%
Chemicals – 0.0%
FUCHS PETROLUB SE	14,467		516,047
TOTAL PREFERRED SECURITIES (Cost $13,027,347)		$	11,535,341

 

238

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

		Shares or Principal Amount	Value
RIGHTS – 0.0%
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(E)		54,671	$	18,588
TOTAL RIGHTS (Cost $16,278)			$	18,588
SHORT-TERM INVESTMENTS – 4.1%
U.S. Government Agency – 2.3%
Federal Home Loan Bank Discount Note
0.030%, 09/01/2020 *	$	25,000,000		24,986,188
0.060%, 10/01/2020 *		24,000,000		23,982,920
0.950%, 08/03/2020 *		7,000,000		6,997,348
1.010%, 04/13/2020 *		10,000,000		9,999,767
1.160%, 06/15/2020 *		6,500,000		6,499,052
1.560%, 04/08/2020 *		20,500,000		20,499,721
1.560%, 05/07/2020 *		20,000,000		19,998,600
1.560%, 05/19/2020 *		60,000,000		59,994,400
				172,957,996
Short-term funds – 1.6%
John Hancock Collateral Trust, 1.1260% (F)(G)		12,076,013		120,729,941
Repurchase agreement – 0.2%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $11,659,000 on 4-1-20, collateralized by $6,620,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $6,942,467) and $4,730,000 U.S. Treasury Notes, 2.125% due 5-15-22 (valued at $4,957,224)	$	11,659,000		11,659,000
TOTAL SHORT-TERM INVESTMENTS (Cost $305,218,157)			$	305,346,937
Total Investments (Strategic Equity Allocation Trust) (Cost $5,719,271,223) – 100.6%			$	7,564,573,233
Other assets and liabilities, net – (0.6%)				(42,903,160)
TOTAL NET ASSETS – 100.0%			$	7,521,670,073

Strategic Equity Allocation 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 3-31-20. The value of securities on loan amounted to $111,294,880.
(C)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	1,094	Long	Jun 2020	$79,318,509	$85,293,710	$5,975,201
Russell 2000 E-Mini Index Futures	86	Long	Jun 2020	4,698,825	4,934,680	235,855
S&P 500 Index E-Mini Futures	1,274	Long	Jun 2020	155,812,434	163,868,250	8,055,816
S&P Mid 400 Index E-Mini Futures	55	Long	Jun 2020	7,002,748	7,907,900	905,152
						$15,172,024

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

Strategic Income Opportunities Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 13.4%
U.S. Government – 11.5%
U.S. Treasury Bonds
2.750%, 11/15/2042	$	5,385,000	$	6,956,326
3.000%, 02/15/2049		6,200,000		8,645,852
3.125%, 02/15/2043		3,562,600		4,872,412
4.375%, 02/15/2038		3,920,000		6,115,659

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Inflation Protected Securities 0.125%, 01/15/2030	$	2,205,610	$	2,275,162
U.S. Treasury Notes
1.125%, 02/28/2022		4,450,000		4,524,920
2.000%, 11/15/2026		2,990,000		3,273,583
2.375%, 02/29/2024 to 05/15/2029		8,460,000		9,483,683

 

239

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Notes (continued)
2.625%, 02/15/2029	$	1,910,000	$	2,233,357
				48,380,954
U.S. Government Agency – 1.9%
Federal National Mortgage Association 3.000%, 04/01/2046 to 12/01/2049		7,515,268		7,925,615
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $47,701,032)			$	56,306,569
FOREIGN GOVERNMENT OBLIGATIONS – 17.4%
Australia – 0.1%
New South Wales Treasury Corp. 4.000%, 04/08/2021	AUD	650,000		414,100
Austria – 0.3%
Republic of Austria 0.500%, 02/20/2029 (A)	EUR	1,105,000		1,277,024
Canada – 1.9%
Canada Housing Trust No. 1 2.350%, 06/15/2023 (A)	CAD	1,900,000		1,413,990
Export Development Canada 2.400%, 06/07/2021	AUD	430,000		269,262
Government of Canada
1.500%, 09/01/2024	CAD	220,000		162,429
2.250%, 03/01/2024		3,768,000		2,849,522
Province of Ontario
2.900%, 06/02/2028		1,185,000		912,171
3.450%, 06/02/2045		1,060,000		872,389
Province of Quebec
3.000%, 09/01/2023		650,000		489,535
3.750%, 09/01/2024		1,400,000		1,095,299
				8,064,597
Colombia – 0.4%
Republic of Colombia 4.000%, 02/26/2024	$	1,480,000		1,497,627
Finland – 0.3%
Republic of Finland 0.500%, 09/15/2028 (A)	EUR	1,060,000		1,228,890
India – 0.1%
Republic of India 6.450%, 10/07/2029	INR	33,000,000		446,701
Indonesia – 2.5%
Perusahaan Penerbit SBSN Indonesia III 4.150%, 03/29/2027 (A)	$	940,000		939,803
Republic of Indonesia
2.150%, 07/18/2024 (A)	EUR	740,000		800,253
2.625%, 06/14/2023 (A)		850,000		939,262
5.625%, 05/15/2023	IDR	1,500,000,000		89,192
5.875%, 01/15/2024 (A)	$	535,000		580,581
6.125%, 05/15/2028	IDR	15,016,000,000		810,224
6.500%, 06/15/2025		7,705,000,000		457,648
6.625%, 05/15/2033		6,431,000,000		338,945
7.000%, 05/15/2022 to 09/15/2030		25,776,000,000		1,509,333
7.500%, 08/15/2032 to 05/15/2038		11,864,000,000		670,020
8.250%, 07/15/2021 to 05/15/2029		6,098,000,000		380,572
8.375%, 03/15/2024 to 09/15/2026		23,452,000,000		1,488,324
8.750%, 05/15/2031		17,423,000,000		1,089,948
9.000%, 03/15/2029		6,709,000,000		433,678
				10,527,783
Ireland – 1.4%
Republic of Ireland
3.400%, 03/18/2024	EUR	2,732,000		3,442,540

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Ireland (continued)
Republic of Ireland (continued)
3.900%, 03/20/2023	EUR	1,820,000	$	2,259,375
				5,701,915
Japan – 1.2%
Government of Japan 0.100%, 12/20/2023	JPY	533,450,000		5,000,522
Malaysia – 1.5%
Government of Malaysia
3.733%, 06/15/2028	MYR	1,930,000		454,766
3.828%, 07/05/2034		1,965,000		460,750
3.844%, 04/15/2033		4,313,000		1,017,328
3.882%, 03/14/2025		2,835,000		677,128
3.899%, 11/16/2027		3,370,000		804,843
4.059%, 09/30/2024		3,895,000		939,537
4.160%, 07/15/2021		7,083,000		1,672,998
				6,027,350
Mexico – 0.2%
Government of Mexico 7.750%, 05/29/2031	MXN	20,710,000		895,124
Norway – 1.1%
Government of Norway
2.000%, 05/24/2023 (A)	NOK	17,125,000		1,727,583
3.750%, 05/25/2021 (A)		28,565,000		2,855,733
				4,583,316
Philippines – 2.2%
Republic of Philippines
0.875%, 05/17/2027	EUR	1,465,000		1,481,178
3.375%, 08/20/2020	PHP	7,490,000		146,829
3.500%, 03/20/2021 to 04/21/2023		73,990,000		1,411,735
4.625%, 09/09/2040		4,368,000		77,251
5.500%, 03/08/2023		22,160,000		446,578
6.250%, 03/12/2024 to 01/14/2036		81,175,000		1,855,556
6.500%, 04/28/2021		18,460,000		371,616
6.875%, 01/10/2029		41,600,000		935,354
7.375%, 03/03/2021		59,600,000		1,205,086
8.000%, 07/19/2031		46,905,000		1,156,885
				9,088,068
Portugal – 1.6%
Republic of Portugal
2.125%, 10/17/2028 (A)	EUR	1,960,000		2,397,501
3.850%, 04/15/2021 (A)		1,915,000		2,200,693
5.125%, 10/15/2024 (A)	$	1,905,000		2,134,099
				6,732,293
Qatar – 0.3%
State of Qatar
4.000%, 03/14/2029 (A)		875,000		935,620
4.817%, 03/14/2049 (A)		395,000		465,237
				1,400,857
Singapore – 1.2%
Republic of Singapore
1.750%, 04/01/2022	SGD	2,290,000		1,643,395
1.875%, 03/01/2050		2,311,000		1,723,897
3.250%, 09/01/2020		2,505,000		1,781,040
				5,148,332
Sweden – 0.5%
Kingdom of Sweden 0.125%, 04/24/2023 (A)	EUR	1,880,000		2,105,664
United Kingdom – 0.6%
Government of United Kingdom
0.500%, 07/22/2022	GBP	920,000		1,152,312

 

240

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
United Kingdom (continued)
Government of United Kingdom (continued)
3.750%, 09/07/2020	GBP	1,075,000	$	1,355,113
				2,507,425
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $78,930,859)			$	72,647,588
CORPORATE BONDS – 47.8%
Communication services – 7.8%
Altice Financing SA 7.500%, 05/15/2026 (A)	$	1,785,000		1,735,913
Altice France SA 7.375%, 05/01/2026 (A)		535,000		540,350
Cablevision Systems Corp. 5.875%, 09/15/2022		770,000		777,700
CCO Holdings LLC
4.500%, 08/15/2030 (A)		820,000		803,600
4.750%, 03/01/2030 (A)		690,000		688,275
5.125%, 05/01/2027 (A)		1,845,000		1,856,937
5.750%, 02/15/2026 (A)		405,000		409,212
Charter Communications Operating LLC
5.125%, 07/01/2049		1,790,000		1,904,051
5.750%, 04/01/2048		790,000		896,833
CSC Holdings LLC
5.375%, 02/01/2028 (A)		1,135,000		1,157,700
5.500%, 04/15/2027 (A)		1,470,000		1,521,303
5.750%, 01/15/2030 (A)		1,410,000		1,421,929
7.500%, 04/01/2028 (A)		1,130,000		1,203,925
10.875%, 10/15/2025 (A)		555,000		598,013
DISH DBS Corp. 5.875%, 07/15/2022		1,260,000		1,227,013
GCI LLC 6.625%, 06/15/2024 (A)		1,665,000		1,648,350
Intelsat Jackson Holdings SA 8.500%, 10/15/2024 (A)(B)		1,575,000		991,778
LCPR Senior Secured Financing DAC 6.750%, 10/15/2027 (A)		1,395,000		1,374,075
Lions Gate Capital Holdings LLC
5.875%, 11/01/2024 (A)		381,000		324,540
6.375%, 02/01/2024 (A)		1,335,000		1,174,800
Live Nation Entertainment, Inc. 4.750%, 10/15/2027 (A)		710,000		635,450
Match Group, Inc. 4.125%, 08/01/2030 (A)		705,000		630,094
Netflix, Inc. 5.375%, 11/15/2029 (A)		1,110,000		1,159,950
Outfront Media Capital LLC 5.000%, 08/15/2027 (A)		1,020,000		938,400
Sirius XM Radio, Inc.
4.625%, 05/15/2023 (A)		175,000		173,248
5.375%, 07/15/2026 (A)		565,000		571,893
T-Mobile USA, Inc.
4.500%, 02/01/2026		400,000		407,000
6.500%, 01/15/2026		795,000		834,750
Twitter, Inc. 3.875%, 12/15/2027 (A)		201,000		193,337
Verizon Communications, Inc.
4.016%, 12/03/2029		1,290,000		1,454,382
4.329%, 09/21/2028		1,800,000		2,074,319
WMG Acquisition Corp. 5.500%, 04/15/2026 (A)		1,585,000		1,549,338
				32,878,458
Consumer discretionary – 4.6%
BMW Finance NV 1.000%, 11/14/2024	EUR	410,000		437,033

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Connect Finco SARL 6.750%, 10/01/2026 (A)	$	440,000	$	363,550
Diamond Sports Group LLC
5.375%, 08/15/2026 (A)		1,715,000		1,393,472
6.625%, 08/15/2027 (A)(B)		2,006,000		1,341,513
ESH Hospitality, Inc. 5.250%, 05/01/2025 (A)		820,000		688,800
Expedia Group, Inc.
3.250%, 02/15/2030		715,000		582,845
3.800%, 02/15/2028		1,335,000		1,155,010
5.000%, 02/15/2026		1,035,000		935,184
5.950%, 08/15/2020		205,000		202,223
Graham Holdings Company 5.750%, 06/01/2026 (A)		865,000		847,700
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC
5.000%, 06/01/2024 (A)		660,000		646,800
5.250%, 06/01/2026 (A)		1,661,000		1,658,675
Lennar Corp.
4.500%, 04/30/2024		375,000		366,765
4.750%, 11/29/2027		1,905,000		1,900,238
5.875%, 11/15/2024		285,000		288,278
New Red Finance, Inc.
3.875%, 01/15/2028 (A)		1,425,000		1,353,750
4.250%, 05/15/2024 (A)		1,470,000		1,466,310
5.000%, 10/15/2025 (A)		1,685,000		1,609,158
Yum! Brands, Inc. 4.750%, 01/15/2030 (A)		2,173,000		2,023,932
				19,261,236
Consumer staples – 1.8%
JBS Investments II GmbH 7.000%, 01/15/2026 (A)		400,000		398,632
Molson Coors Beverage Company 1.250%, 07/15/2024	EUR	755,000		820,565
Natura Cosmeticos SA 5.375%, 02/01/2023 (A)	$	210,000		193,727
Post Holdings, Inc.
5.000%, 08/15/2026 (A)		1,795,000		1,847,324
5.500%, 12/15/2029 (A)		285,000		295,631
5.625%, 01/15/2028 (A)		1,255,000		1,276,963
5.750%, 03/01/2027 (A)		2,120,000		2,172,385
Walnut Bidco PLC
6.750%, 08/01/2024 (A)	EUR	500,000		403,523
9.125%, 08/01/2024 (A)	$	475,000		365,649
				7,774,399
Energy – 5.2%
Aker BP ASA
3.750%, 01/15/2030 (A)		985,000		737,253
4.750%, 06/15/2024 (A)		700,000		587,325
5.875%, 03/31/2025 (A)		155,000		137,174
DCP Midstream Operating LP 5.375%, 07/15/2025		1,266,000		857,715
Enbridge, Inc. 4.250%, 12/01/2026		1,720,000		1,751,777
Energy Transfer Operating LP 5.500%, 06/01/2027		430,000		375,939
Enterprise Products Operating LLC 3.125%, 07/31/2029		2,385,000		2,197,152
EOG Resources, Inc. 4.150%, 01/15/2026		435,000		445,327
Indika Energy Capital III Pte, Ltd. 5.875%, 11/09/2024 (A)(B)		1,025,000		676,819
Kinder Morgan, Inc. 4.300%, 06/01/2025		450,000		459,282

 

241

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Marathon Oil Corp. 4.400%, 07/15/2027	$	1,889,000	$	1,261,163
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/2026 (A)		1,100,000		693,637
PBF Holding Company LLC
6.000%, 02/15/2028 (A)		77,000		51,783
7.250%, 06/15/2025		680,000		455,804
Pertamina Persero PT
3.650%, 07/30/2029 (A)(B)		295,000		271,393
4.300%, 05/20/2023 (A)		805,000		800,127
Petrobras Global Finance BV
5.093%, 01/15/2030 (A)		2,425,000		2,212,813
5.750%, 02/01/2029		500,000		471,650
5.999%, 01/27/2028		255,000		246,968
6.900%, 03/19/2049		1,110,000		1,082,139
Petroleos del Peru SA 5.625%, 06/19/2047 (A)		697,000		631,663
Saudi Arabian Oil Company
3.500%, 04/16/2029 (A)		985,000		973,651
4.250%, 04/16/2039 (A)		1,140,000		1,129,893
4.375%, 04/16/2049 (A)		675,000		670,690
Targa Resources Partners LP 5.875%, 04/15/2026		191,000		159,008
The Williams Companies, Inc.
4.300%, 03/04/2024		330,000		299,851
4.550%, 06/24/2024		1,385,000		1,262,074
TransCanada PipeLines, Ltd. 4.250%, 05/15/2028		445,000		454,568
Valero Energy Corp. 3.400%, 09/15/2026		470,000		421,731
				21,776,369
Financials – 12.9%
American International Group, Inc. (8.175% to 5-15-38, then 3 month LIBOR + 4.195%) 05/15/2058		2,045,000		2,392,650
Asian Development Bank 5.000%, 03/09/2022	AUD	940,000		624,608
Banco Actinver SA
4.800%, 12/18/2032 (A)	$	215,000		189,738
9.500%, 12/18/2032 (A)	MXN	12,100,000		469,259
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028	$	686,000		708,310
Bank of America Corp. (3.974% to 2-7-29, then 3 month LIBOR + 1.210%) 02/07/2030		440,000		475,107
Berkshire Hathaway Finance Corp. 2.375%, 06/19/2039	GBP	610,000		752,287
Berkshire Hathaway, Inc. 0.000%, 03/12/2025	EUR	975,000		1,020,655
BNG Bank NV 0.250%, 02/22/2023 to 06/07/2024		1,460,000		1,636,952
Chubb INA Holdings, Inc. 0.300%, 12/15/2024		875,000		899,565
CIT Group, Inc. (5.800% to 6-15-22, then 3 month LIBOR + 3.972%) 06/15/2022 (B)(C)	$	185,000		160,950
Citigroup, Inc. 4.125%, 07/25/2028		670,000		687,581
Citigroup, Inc. (3 month BBSW + 1.550%) 2.406%, 05/04/2021 (D)	AUD	1,487,000		906,502
Citigroup, Inc. (3 month EURIBOR + 0.500%) 0.107%, 03/21/2023 (D)	EUR	920,000		950,445

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) 01/23/2024 (A)(C)	$	200,000	$	191,920
DB Insurance Company, Ltd.
3.492%, 05/25/2024	KRW	1,000,000,000		859,760
3.865%, 05/25/2027		1,000,000,000		891,723
Deutsche Bank AG (6.000% to 10-30-25, then 5 Year CMT + 4.524%) 10/30/2025 (C)	$	1,800,000		1,205,100
European Financial Stability Facility
0.125%, 10/17/2023	EUR	1,315,000		1,470,190
1.875%, 05/23/2023		1,020,000		1,203,541
European Investment Bank 1.500%, 05/12/2022	NOK	9,790,000		959,164
European Investment Bank (SONIA + 0.350%) 0.423%, 06/29/2023 (D)	GBP	550,000		683,120
International Bank for Reconstruction & Development
1.900%, 01/16/2025	CAD	1,390,000		1,022,000
2.800%, 01/13/2021	AUD	1,185,000		739,903
3.375%, 01/25/2022	NZD	1,327,000		825,562
3.500%, 01/22/2021		1,130,000		688,302
4.625%, 10/06/2021		1,310,000		825,002
7.450%, 08/20/2021	IDR	15,855,000,000		980,366
JPMorgan Chase & Co. 3.625%, 12/01/2027	$	705,000		747,549
JPMorgan Chase & Co. (2.005% to 3-13-25, then SOFR + 1.585%) 03/13/2026		1,610,000		1,590,068
KfW
0.000%, 09/15/2023	EUR	415,000		462,194
0.375%, 03/15/2023		845,000		950,740
2.125%, 08/15/2023		1,745,000		2,082,658
6.000%, 08/20/2020	AUD	2,275,000		1,426,935
Lloyds Banking Group PLC (7.500% to 9-27-25, then 5 Year U.S. Swap Rate + 4.496%) 09/27/2025 (C)	$	769,000		691,177
MGIC Investment Corp. 5.750%, 08/15/2023		580,000		536,976
MSCI, Inc. 3.625%, 09/01/2030 (A)		235,000		222,956
National Bank of Canada 2.150%, 10/07/2022 (A)		690,000		683,649
Nationstar Mortgage Holdings, Inc. 6.000%, 01/15/2027 (A)		1,220,000		1,037,000
Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) 1.670%, 06/21/2023 (D)	NOK	7,000,000		671,280
Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) 1.660%, 06/19/2024 (D)		7,000,000		666,506
Nordic Investment Bank
1.375%, 07/15/2020		5,340,000		513,036
1.500%, 01/24/2022		5,000,000		486,072
Popular, Inc. 6.125%, 09/14/2023	$	1,625,000		1,503,125
Societe Generale SA (8.000% to 9-29-25, then 5 Year ICE Swap Rate + 5.873%) 09/29/2025 (A)(C)		460,000		420,900
Swiss Insured Brazil Power Finance Sarl 9.850%, 07/16/2032 (A)	BRL	8,690,000		1,756,029
Synovus Financial Corp. (5.750% to 12-15-20, then 3 month LIBOR + 4.182%) 12/15/2025	$	1,500,000		1,410,000

 

242

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc.
1.375%, 05/15/2024	EUR	983,000	$	1,063,112
2.000%, 11/01/2028		395,000		424,681
3.500%, 04/01/2025	$	960,000		973,480
Truist Financial Corp. 3.875%, 03/19/2029		670,000		679,591
U.S. Bancorp
0.850%, 06/07/2024	EUR	3,025,000		3,211,202
3.150%, 04/27/2027	$	915,000		950,544
3.375%, 02/05/2024		508,000		539,491
3.600%, 09/11/2024		467,000		479,438
U.S. Bank NA
2.650%, 05/23/2022		1,045,000		1,061,304
2.800%, 01/27/2025		544,000		561,195
Wells Fargo & Company 3.250%, 04/27/2022	AUD	1,120,000		716,017
Wells Fargo & Company (3 month BBSW + 1.320%) 2.204%, 07/27/2021 (D)		935,000		571,291
Zions Bancorp NA (5.800% to 6-15-23, then 3 month LIBOR + 3.800%) 06/15/2023 (C)	$	320,000		310,400
				53,820,858
Health care – 4.6%
Allergan Funding SCS
1.250%, 06/01/2024	EUR	520,000		573,892
2.625%, 11/15/2028		300,000		341,733
Bausch Health Companies, Inc.
5.000%, 01/30/2028 (A)	$	1,595,000		1,509,987
5.250%, 01/30/2030 (A)		2,615,000		2,445,025
5.500%, 11/01/2025 (A)		480,000		484,944
5.875%, 05/15/2023 (A)		118,000		116,820
6.125%, 04/15/2025 (A)		245,000		241,325
9.000%, 12/15/2025 (A)		510,000		537,642
Becton Dickinson Euro Finance Sarl 1.208%, 06/04/2026	EUR	745,000		795,350
Centene Corp. 3.375%, 02/15/2030 (A)	$	135,000		125,550
CVS Health Corp. 3.625%, 04/01/2027		575,000		589,244
DH Europe Finance II Sarl 0.450%, 03/18/2028	EUR	1,630,000		1,607,981
HCA, Inc.
3.500%, 09/01/2030	$	2,978,000		2,703,671
4.125%, 06/15/2029		1,515,000		1,525,825
5.375%, 02/01/2025		1,725,000		1,755,170
Rede D'or Finance Sarl 4.500%, 01/22/2030 (A)		700,000		607,250
Select Medical Corp. 6.250%, 08/15/2026 (A)		1,785,000		1,785,000
Thermo Fisher Scientific, Inc.
0.500%, 03/01/2028	EUR	650,000		648,016
0.750%, 09/12/2024		282,000		305,165
1.400%, 01/23/2026		468,000		510,473
				19,210,063
Industrials – 2.7%
AECOM
5.125%, 03/15/2027	$	1,005,000		904,500
5.875%, 10/15/2024		1,140,000		1,114,350
American Airlines Group, Inc. 5.000%, 06/01/2022 (A)		625,000		503,125
BOC Aviation, Ltd. 2.750%, 09/18/2022 (A)		990,000		1,018,720
BOC Aviation, Ltd. (3 month LIBOR + 1.050%) 2.813%, 05/02/2021 (A)(D)		285,000		285,302

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Cimpress PLC 7.000%, 06/15/2026 (A)	$	975,000	$	858,000
Delta Air Lines 2020-1 Class A Pass Through Trust 2.500%, 06/10/2028		540,000		489,475
Delta Air Lines 2020-1 Class AA Pass Through Trust 2.000%, 06/10/2028		550,000		500,377
Delta Air Lines, Inc. 2.900%, 10/28/2024		320,000		256,124
HC2 Holdings, Inc. 11.500%, 12/01/2021 (A)		695,000		646,350
Indian Railway Finance Corp., Ltd. 3.249%, 02/13/2030 (A)		645,000		569,751
Jasa Marga Persero Tbk PT 7.500%, 12/11/2020 (A)	IDR	9,120,000,000		554,726
JSL Europe SA 7.750%, 07/26/2024 (A)	$	360,000		259,664
Owens Corning 3.950%, 08/15/2029 (B)		530,000		500,850
Pelabuhan Indonesia II PT 4.250%, 05/05/2025 (A)		920,000		899,300
Uber Technologies, Inc. 8.000%, 11/01/2026 (A)		1,320,000		1,301,606
United Rentals North America, Inc.
4.000%, 07/15/2030		40,000		35,800
4.875%, 01/15/2028		575,000		557,750
				11,255,770
Information technology – 3.2%
Apple, Inc. 0.875%, 05/24/2025	EUR	630,000		701,228
Banff Merger Sub, Inc. 9.750%, 09/01/2026 (A)	$	870,000		765,600
Broadcom, Inc. 4.750%, 04/15/2029 (A)		1,628,000		1,653,540
Camelot Finance SA 4.500%, 11/01/2026 (A)		385,000		373,450
Dell International LLC
5.300%, 10/01/2029 (A)		1,310,000		1,274,213
8.350%, 07/15/2046 (A)		1,733,000		2,036,317
Fidelity National Information Services, Inc.
1.000%, 12/03/2028	EUR	425,000		432,212
1.500%, 05/21/2027		820,000		878,047
Fiserv, Inc.
1.125%, 07/01/2027		290,000		306,138
3.500%, 07/01/2029	$	1,780,000		1,883,543
NXP BV 3.875%, 06/18/2026 (A)		1,380,000		1,342,208
SS&C Technologies, Inc. 5.500%, 09/30/2027 (A)		1,305,000		1,345,781
Vericast Corp. 8.375%, 08/15/2022 (A)		350,000		269,938
				13,262,215
Materials – 2.2%
Ardagh Packaging Finance PLC 5.250%, 08/15/2027 (A)		380,000		389,500
Ball Corp.
4.000%, 11/15/2023		1,845,000		1,858,838
4.875%, 03/15/2026		1,120,000		1,163,400
5.250%, 07/01/2025		1,460,000		1,587,458
Berry Global, Inc. 5.625%, 07/15/2027 (A)		675,000		697,356
Braskem Netherlands Finance BV 4.500%, 01/10/2028 (A)		350,000		276,941

 

243

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Crown Americas LLC 4.500%, 01/15/2023	$	915,000	$	936,969
Crown Cork & Seal Company, Inc. 7.375%, 12/15/2026		1,021,000		1,046,525
Ecolab, Inc. 1.000%, 01/15/2024	EUR	330,000		363,267
Fibria Overseas Finance, Ltd. 5.500%, 01/17/2027	$	355,000		341,581
St. Mary's Cement, Inc. 5.750%, 01/28/2027 (A)(B)		415,000		394,669
				9,056,504
Real estate – 1.1%
American Tower Corp. 1.950%, 05/22/2026	EUR	305,000		341,926
Crown Castle International Corp. 3.800%, 02/15/2028	$	865,000		866,469
Equinix, Inc. 3.200%, 11/18/2029		555,000		513,936
SBA Communications Corp.
3.875%, 02/15/2027 (A)		1,210,000		1,213,025
4.875%, 09/01/2024		87,000		88,196
SBA Tower Trust 2.836%, 01/15/2025 (A)		520,000		502,268
VICI Properties LP
4.125%, 08/15/2030 (A)		795,000		753,263
4.625%, 12/01/2029 (A)		385,000		350,350
				4,629,433
Utilities – 1.7%
Adani Green Energy UP, Ltd. 6.250%, 12/10/2024 (A)		460,000		405,030
Greenko Dutch BV 5.250%, 07/24/2024 (A)		975,000		777,465
Greenko Solar Mauritius, Ltd. 5.550%, 01/29/2025 (A)		430,000		356,907
Israel Electric Corp., Ltd.
5.000%, 11/12/2024 (A)		625,000		650,788
6.875%, 06/21/2023 (A)		390,000		428,072
NextEra Energy Capital Holdings, Inc. 2.403%, 09/01/2021		905,000		903,444
NRG Energy, Inc. 6.625%, 01/15/2027		1,023,000		1,063,920
Perusahaan Listrik Negara PT 4.125%, 05/15/2027 (A)		1,440,000		1,387,606
Southern Gas Networks PLC 4.875%, 12/21/2020	GBP	80,000		101,446
Vistra Operations Company LLC
3.550%, 07/15/2024 (A)	$	1,050,000		986,981
5.625%, 02/15/2027 (A)		197,000		203,156
				7,264,815
TOTAL CORPORATE BONDS (Cost $216,885,856)			$	200,190,120
CONVERTIBLE BONDS – 1.4%
Communication services – 0.4%
DISH Network Corp. 3.375%, 08/15/2026		430,000		349,096
GCI Liberty, Inc. 1.750%, 09/30/2046 (A)		1,150,000		1,447,583
				1,796,679
Consumer discretionary – 0.3%
Sony Corp. 0.000%, 09/30/2022	JPY	84,000,000		1,006,584

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
Information technology – 0.5%
Avaya Holdings Corp. 2.250%, 06/15/2023	$	1,055,000	$	844,177
IAC Financeco 2, Inc. 0.875%, 06/15/2026 (A)		1,155,000		1,062,682
				1,906,859
Utilities – 0.2%
NRG Energy, Inc. 2.750%, 06/01/2048 (B)		1,020,000		971,550
TOTAL CONVERTIBLE BONDS (Cost $5,840,103)			$	5,681,672
CAPITAL PREFERRED SECURITIES – 1.3%
Financials – 1.3%
First Maryland Capital I (3 month LIBOR + 1.000%) 2.831%, 01/15/2027 (D)		1,046,000		910,020
First Maryland Capital II (3 month LIBOR + 0.850%) 2.613%, 02/01/2027 (D)		1,220,000		1,049,200
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) 3.500%, 05/04/2020 (C)(D)		2,081,000		1,550,345
Wachovia Capital Trust III (Greater of 3 month LIBOR + 0.930% or 5.570%) 5.570%, 05/04/2020 (C)(D)		1,942,000		1,892,401
				5,401,966
TOTAL CAPITAL PREFERRED SECURITIES (Cost $5,782,112)			$	5,401,966
TERM LOANS (E) – 0.0%
Consumer discretionary – 0.0%
American Tire Distributors, Inc., PIK, Exit FILO Term Loan (3 month LIBOR + 6.000%) 7.195%, 09/01/2023		33,103		30,786
TOTAL TERM LOANS (Cost $33,984)			$	30,786
COLLATERALIZED MORTGAGE OBLIGATIONS – 4.9%
Commercial and residential – 4.2%
Arroyo Mortgage Trust
Series 2018-1, Class A1, 3.763%, 04/25/2048 (A)(F)		815,787		794,039
Series 2019-1, Class A1, 3.805%, 01/25/2049 (A)(F)		931,338		904,418
Series 2019-2, Class A1, 3.347%, 04/25/2049 (A)(F)		1,371,394		1,303,111
Series 2019-3, Class A1, 2.962%, 10/25/2048 (A)(F)		783,266		734,232
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM 3.843%, 11/05/2032 (A)(F)		670,000		532,227
BBCMS Mortgage Trust Series 2018-TALL, Class E (1 month LIBOR + 2.437%) 3.142%, 03/15/2037 (A)(D)		815,000		652,233
BHMS Mortgage Trust Series 2018-ATLS, Class C (1 month LIBOR + 1.900%) 2.605%, 07/15/2035 (A)(D)		665,000		464,854
BX Commercial Mortgage Trust
Series 2018-BIOA, Class E (1 month LIBOR + 1.951%), 2.656%, 03/15/2037 (A)(D)		1,040,000		831,776

 

244

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BX Commercial Mortgage Trust (continued)
Series 2019-XL, Class A (1 month LIBOR + 0.920%), 1.625%, 10/15/2036 (A)(D)	$	1,633,735	$	1,553,984
Series 2020-BXLP, Class A (1 month LIBOR + 0.800%) , 1.505%, 12/15/2036 (A)(D)		690,000		639,910
BXP Trust
Series 2017-CC, Class C, 3.552%, 08/13/2037 (A)(F)		565,000		503,152
Series 2017-GM, Class D, 3.425%, 06/13/2039 (A)(F)		1,220,000		1,164,170
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%), 2.305%, 05/15/2036 (A)(D)		835,000		743,013
Series 2019-NQM1, Class A1, 2.656%, 10/25/2059 (A)		648,010		623,745
DBGS Mortgage Trust Series 2018-BIOD, Class B (1 month LIBOR + 0.888%) 1.593%, 05/15/2035 (A)(D)		863,169		750,428
GS Mortgage Securities Trust Series 2018-TWR, Class A (1 month LIBOR + 0.900%) 1.605%, 07/15/2031 (A)(D)		895,000		758,318
HarborView Mortgage Loan Trust
Series 2004-7, Class 4A, 4.168%, 11/19/2034 (F)		196,239		177,516
Series 2005-9, Class 2A1A (1 month LIBOR + 0.340%), 1.113%, 06/20/2035 (D)		238,481		219,136
Series 2005-9, Class 2A1C (1 month LIBOR + 0.450%), 1.223%, 06/20/2035 (D)		161,971		149,915
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (A)		5,683,420		71,058
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		5,958,322		70,029
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (A)		5,321,065		86,614
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2018-AON, Class D, 4.613%, 07/05/2031 (A)(F)		270,000		256,317
Series 2018-PHH, Class C (1 month LIBOR + 1.360%), 2.065%, 06/15/2035 (A)(D)		265,000		225,592
Merrill Lynch Mortgage Investors Trust Series 2005-A2, Class A2 3.732%, 02/25/2035 (F)		144,191		125,563
Morgan Stanley Mortgage Loan Trust
Series 2004-8AR, Class 4A1, 3.997%, 10/25/2034 (F)		185,770		175,024
Series 2004-9, Class 1A, 5.389%, 11/25/2034 (F)		122,103		122,435
Olympic Tower Mortgage Trust Series 2017-OT, Class A 3.566%, 05/10/2039 (A)		595,000		485,377

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
One Bryant Park Trust Series 2019-OBP, Class A 2.516%, 09/15/2054 (A)	$	1,175,000	$	1,170,469
Verus Securitization Trust Series 2018-1, Class A1 2.929%, 02/25/2048 (A)(F)		206,215		195,827
VNDO Trust Series 2016-350P, Class D 3.903%, 01/10/2035 (A)(F)		449,000		448,149
WaMu Mortgage Pass Through Certificates
Series 2005-AR2, Class 2A2B (1 month LIBOR + 0.380%), 1.327%, 01/25/2045 (D)		189,855		168,893
Series 2005-AR8, Class 2AB2 (1 month LIBOR + 0.840%), 2.467%, 07/25/2045 (D)		227,534		186,761
Worldwide Plaza Trust Series 2017-WWP, Class D 3.596%, 11/10/2036 (A)(F)		645,000		525,537
				17,813,822
U.S. Government Agency – 0.7%
Federal Home Loan Mortgage Corp.
Series 2014-DN2, Class M2 (1 month LIBOR + 1.650%), 2.597%, 04/25/2024 (D)		46,350		45,512
Series 2015-DNA1, Class M2 (1 month LIBOR + 1.850%), 2.797%, 10/25/2027 (D)		133,906		130,424
Series 2017-DNA2, Class M1 (1 month LIBOR + 1.200%), 2.147%, 10/25/2029 (D)		420,612		409,542
Series 2017-DNA3, Class M1 (1 month LIBOR + 0.750%), 1.697%, 03/25/2030 (D)		587,468		577,868
Federal National Mortgage Association
Series 2019-R04, Class 2M2 (1 month LIBOR + 2.100%), 3.047%, 06/25/2039 (A)(D)		945,000		768,551
Series 2019-R06, Class 2M2 (1 month LIBOR + 2.100%), 3.047%, 09/25/2039 (A)(D)		1,270,000		981,877
				2,913,774
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $22,785,195)			$	20,727,596
ASSET BACKED SECURITIES – 3.9%
AMSR Trust Series 2019-SFR1, Class A 2.774%, 01/19/2039 (A)		1,665,000		1,577,064
Bravo Mortgage Asset Trust Series 2006-1A, Class A2 (1 month LIBOR + 0.240%) 1.187%, 07/25/2036 (A)(D)		277,826		270,989
CARS-DB4 LP Series 2020-1A, Class B3 4.950%, 02/15/2050 (A)		795,000		667,800
DB Master Finance LLC
Series 2017-1A, Class A2I 3.629%, 11/20/2047 (A)		508,300		489,015
Series 2019-1A, Class A2I 3.787%, 05/20/2049 (A)		893,250		863,317

 

245

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
DB Master Finance LLC (continued)
Series 2019-1A, Class A2II 4.021%, 05/20/2049 (A)	$	481,363	$	461,035
Discover Card Execution Note Trust Series 2019-A1, Class A1 3.040%, 07/15/2024		295,000		303,951
Domino's Pizza Master Issuer LLC
Series 2015-1A, Class A2II 4.474%, 10/25/2045 (A)		873,325		847,571
Series 2017-1A, Class A2I (3 month LIBOR + 1.250%) 3.044%, 07/25/2047 (A)(D)		1,177,888		1,102,350
Driven Brands Funding LLC Series 2015-1A, Class A2 5.216%, 07/20/2045 (A)		557,265		555,292
FOCUS Brands Funding LLC Series 2017-1A, Class A2II 5.093%, 04/30/2047 (A)		593,225		489,221
GSAA Home Equity Trust Series 2005-MTR1, Class A4 (1 month LIBOR + 0.370%) 1.317%, 10/25/2035 (D)		154,385		143,597
Home Partners of America Trust Series 2018-1, Class D (1 month LIBOR + 1.450%) 2.250%, 07/17/2037 (A)(D)		590,000		523,382
Home Partners of America Trust Series 2019-1, Class B 3.157%, 09/17/2039 (A)		415,949		398,607
Jack In The Box Funding LLC Series 2019-1A, Class A2II 4.476%, 08/25/2049 (A)		593,513		517,893
Mill City Mortgage Loan Trust Series 2018-3, Class A1 3.500%, 08/25/2058 (A)(F)		1,517,291		1,544,185
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (A)		429,940		413,135
NextGear Floorplan Master Owner Trust Series 2018-2A, Class A2 3.690%, 10/15/2023 (A)		875,000		829,612
Structured Asset Investment Loan Trust Series 2005-2, Class M2 (1 month LIBOR + 0.735%) 1.682%, 03/25/2035 (D)		395,125		380,363
Taco Bell Funding LLC Series 2016-1A, Class A23 4.970%, 05/25/2046 (A)		1,517,100		1,450,848
Towd Point Mortgage Trust
Series 2018-3, Class A1 3.750%, 05/25/2058 (A)(F)		560,122		559,493
Series 2018-4, Class A1 3.000%, 06/25/2058 (A)(F)		353,027		346,284
Series 2019-1, Class A1 3.750%, 03/25/2058 (A)(F)		815,947		837,646
Verizon Owner Trust Series 2020-A, Class A1A 1.850%, 07/22/2024		680,000		663,348
TOTAL ASSET BACKED SECURITIES (Cost $16,951,957)			$	16,235,998
COMMON STOCKS – 1.6%
Communication services – 0.0%
Vertis Holdings, Inc. (G)(H)		8,371		0
Consumer discretionary – 0.3%
Lennar Corp., A Shares		33,695		1,287,149

Strategic Income Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financials – 0.8%
Deutsche Bank AG	240,473	$	1,543,822
The Bank of New York Mellon Corp.	24,596		828,393
U.S. Bancorp	23,237		800,515
			3,172,730
Industrials – 0.3%
HC2 Holdings, Inc. (B)(H)	88,710		137,501
The Boeing Company	8,684		1,295,132
			1,432,633
Real estate – 0.2%
Americold Realty Trust	29,850		1,016,094
TOTAL COMMON STOCKS (Cost $11,890,991)		$	6,908,606
PREFERRED SECURITIES – 4.9%
Financials – 1.2%
First Horizon Bank (Greater of 3 month LIBOR + 0.850% or 3.750%), 3.750% (A)(D)	2,315		1,504,750
U.S. Bancorp, 5.500%	40,750		1,015,490
U.S. Bancorp (Greater of 3 month LIBOR + 1.020% or 3.500%), 3.500% (D)	1,304		918,029
Valley National Bancorp (5.500% to 9-30-22, then 3 month LIBOR + 3.578%)	22,825		472,706
Wells Fargo & Company (5.850% to 9-15-23, then 3 month LIBOR + 3.090%)	27,605		672,182
Zions Bancorp NA (6.950% to 9-15-23, then 3 month LIBOR + 3.890%)	21,167		553,729
			5,136,886
Health care – 0.2%
Becton, Dickinson and Company, 6.125%	16,245		849,289
Industrials – 0.4%
Fortive Corp., 5.000%	2,450		1,768,900
Information technology – 0.3%
Broadcom, Inc., 8.000%	1,340		1,252,042
Real estate – 0.3%
Crown Castle International Corp., 6.875%	1,010		1,305,772
Utilities – 2.5%
American Electric Power Company, Inc., 6.125%	32,600		1,572,950
Dominion Energy, Inc., 7.250%	18,000		1,656,180
DTE Energy Company, 6.250%	30,150		1,135,449
NextEra Energy, Inc., 4.872%	41,250		1,952,775
NextEra Energy, Inc., 5.279%	37,350		1,646,762
South Jersey Industries, Inc., 7.250%	17,400		723,666
The Southern Company, 6.750%	33,300		1,478,520
			10,166,302
TOTAL PREFERRED SECURITIES (Cost $23,096,945)		$	20,479,191
PURCHASED OPTIONS – 0.0%
Calls – 0.0%
Over the Counter Option on the AUD vs. USD (Expiration Date: 6-4-20; Strike Price: AUD 0.69; Counterparty: Goldman Sachs Bank USA) (H)(I)	12,780,000		8,631
TOTAL PURCHASED OPTIONS (Cost $78,570)		$	8,631

 

246

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 2.1%
Short-term funds – 0.9%
John Hancock Collateral Trust, 1.1260% (J)(K)		356,561	$	3,564,714
Repurchase agreement – 1.2%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $5,016,000 on 4-1-20, collateralized by $4,870,000 U.S. Treasury Notes, 2.250% due 4-15-22 (valued at $5,120,099)	$	5,016,000		5,016,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,584,656)			$	8,580,714
Total Investments (Strategic Income Opportunities Trust) (Cost $438,562,260) – 98.7%			$	413,199,437
Other assets and liabilities, net – 1.3%				5,316,268
TOTAL NET ASSETS – 100.0%			$	418,515,705

Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
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

Strategic Income Opportunities Trust (continued)

CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offered Rate
ICE	Intercontinental Exchange
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
SONIA	Sterling Overnight Interbank Average Rate
(A)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $150,710,752 or 36.0% of the fund's net assets as of 3-31-20.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $3,469,891.
(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 3-31-20.
(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)
10-Year U.S. Treasury Note Futures	89	Short	Jun 2020	$(12,303,116)	$(12,343,188)	$(40,072)
						$(40,072)

^ 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	5,920,000	CAD	5,303,811	ANZ	6/17/2020	—	$(129,392)
AUD	410,000	USD	269,337	BNY	6/17/2020	—	(17,095)
AUD	2,630,911	USD	1,730,021	MSCS	6/17/2020	—	(111,419)
AUD	280,000	USD	183,911	SSB	6/17/2020	—	(11,648)
BRL	1,184,462	USD	242,221	CITI	6/17/2020	—	(15,364)
CAD	2,604,800	AUD	2,960,000	HUS	6/17/2020	$31,199	—
CAD	2,513,611	AUD	2,960,000	RBC	6/17/2020	—	(33,645)
CAD	2,724,782	GBP	1,522,500	CIBC	6/17/2020	43,967	—
CAD	7,953,921	GBP	4,580,000	CITI	6/17/2020	—	(40,389)
CAD	7,922,546	GBP	4,625,000	GSI	6/17/2020	—	(118,669)
CAD	5,434,092	GBP	3,045,000	HUS	6/17/2020	76,931	—

247

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
CAD	13,204,761	GBP	7,636,250	RBC	6/17/2020	—	$(107,760)
CAD	5,288,563	GBP	3,057,500	SCB	6/17/2020	—	(42,101)
CAD	2,574,604	NZD	3,047,500	ANZ	6/17/2020	$13,447	—
CAD	1,291,777	NZD	1,523,750	CITI	6/17/2020	9,906	—
CAD	7,734,777	NZD	9,157,500	RBC	6/17/2020	39,192	—
CAD	1,289,416	NZD	1,521,525	UBS	6/17/2020	9,554	—
CAD	5,121,465	USD	3,712,499	CIBC	6/17/2020	—	(70,641)
CAD	4,396,970	USD	3,075,000	CITI	6/17/2020	51,672	—
CAD	13,370,480	USD	9,210,000	GSI	6/17/2020	297,708	—
CAD	12,308,094	USD	8,676,182	JPM	6/17/2020	76,065	—
CAD	26,991,756	USD	18,771,955	MSCS	6/17/2020	421,799	—
CAD	5,051,093	USD	3,806,032	RBC	6/17/2020	—	(214,215)
CAD	1,464,851	USD	1,029,277	SCB	6/17/2020	12,374	—
CAD	4,383,948	USD	3,081,667	UBS	6/17/2020	35,745	—
EUR	1,577,500	GBP	1,460,345	GSI	6/17/2020	—	(71,433)
EUR	4,660,000	GBP	4,221,988	HUS	6/17/2020	—	(96,676)
EUR	1,541,250	GBP	1,369,296	UBS	6/17/2020	1,714	—
EUR	6,136,157	USD	6,879,921	CITI	6/17/2020	—	(92,692)
EUR	6,134,522	USD	6,878,267	GSI	6/17/2020	—	(92,848)
EUR	3,867,080	USD	4,297,514	JPM	6/17/2020	—	(20,121)
EUR	4,770,232	USD	5,171,980	SSB	6/17/2020	104,393	—
EUR	4,129,620	USD	4,589,391	USB	6/17/2020	—	(21,602)
EUR	10,033,405	USD	11,003,389	UBS	6/17/2020	94,602	—
GBP	6,152,500	CAD	10,669,512	CIBC	6/17/2020	65,147	—
GBP	4,585,000	CAD	8,000,987	CITI	6/17/2020	13,141	—
GBP	3,053,750	CAD	5,349,875	GSI	6/17/2020	—	(6,162)
GBP	4,567,500	CAD	7,954,530	HUS	6/17/2020	24,411	—
GBP	4,580,000	CAD	7,969,422	MSCS	6/17/2020	29,368	—
GBP	1,526,250	CAD	2,640,886	SCB	6/17/2020	20,356	—
GBP	2,830,590	EUR	3,082,500	HUS	6/17/2020	110,995	—
GBP	2,838,314	EUR	3,060,000	JPM	6/17/2020	145,490	—
GBP	1,413,118	EUR	1,541,250	SSB	6/17/2020	52,790	—
GBP	1,525,000	NZD	3,136,730	GSI	6/17/2020	26,169	—
GBP	1,525,000	USD	1,950,917	GSI	6/17/2020	—	(54,191)
GBP	2,940,000	USD	3,844,512	UBS	6/17/2020	—	(187,871)
JPY	333,096,372	USD	3,066,000	ANZ	6/17/2020	41,904	—
JPY	150,947,371	USD	1,386,786	CIBC	6/17/2020	21,605	—
JPY	643,984,184	USD	5,995,833	GSI	6/17/2020	12,761	—
JPY	337,204,208	USD	3,045,833	HUS	6/17/2020	100,398	—
MXN	26,768,659	USD	1,241,845	CITI	6/17/2020	—	(126,050)
MXN	49,019,803	USD	2,382,085	GSI	6/17/2020	—	(338,796)
MXN	62,018,165	USD	3,057,356	SSB	6/17/2020	—	(472,258)
NZD	3,047,500	CAD	2,577,164	ANZ	6/17/2020	—	(15,267)
NZD	3,050,000	CAD	2,580,883	CIBC	6/17/2020	—	(16,421)
NZD	3,047,998	CAD	2,577,280	NAB	6/17/2020	—	(15,053)
NZD	3,060,000	CAD	2,609,537	RBC	6/17/2020	—	(30,833)
NZD	3,047,500	CAD	2,577,245	SCB	6/17/2020	—	(15,325)
NZD	3,156,247	GBP	1,525,000	CITI	6/17/2020	—	(14,531)
NZD	1,253,184	USD	715,121	GSI	6/17/2020	32,203	—
NZD	1,740,000	USD	1,005,665	NAB	6/17/2020	31,967	—
NZD	872,054	USD	566,849	SSB	6/17/2020	—	(46,809)
SGD	6,181,879	USD	4,495,137	ANZ	6/17/2020	—	(140,765)
SGD	150,000	USD	108,106	HUS	6/17/2020	—	(2,450)
SGD	1,106,128	USD	815,388	SCB	6/17/2020	—	(36,257)
USD	3,996,159	AUD	5,921,894	ANZ	6/17/2020	352,862	—
USD	2,296,394	BRL	10,482,762	CITI	6/17/2020	288,654	—
USD	4,631,250	CAD	6,508,721	CITI	6/17/2020	2,919	—
USD	6,165,417	CAD	8,702,809	JPM	6/17/2020	—	(23,125)
USD	18,367,023	CAD	24,729,268	MSCS	6/17/2020	782,116	—
USD	9,231,666	CAD	13,221,023	RBC	6/17/2020	—	(169,762)
USD	3,083,750	CAD	4,352,993	SSB	6/17/2020	—	(11,650)
USD	1,009,541	CAD	1,390,402	TD	6/17/2020	20,831	—
USD	3,085,000	CAD	4,459,830	USB	6/17/2020	—	(86,372)
USD	10,468,151	EUR	9,321,246	CITI	6/17/2020	157,882	—
USD	2,220,738	EUR	1,999,539	GSI	6/17/2020	9,040	—
USD	1,558,845	EUR	1,382,555	HUS	6/17/2020	29,596	—

248

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	3,594,736	EUR	3,245,142	MSCS	6/17/2020	$5,272	—
USD	2,247,832	EUR	1,999,539	SSB	6/17/2020	36,134	—
USD	24,900,224	EUR	22,353,290	UBS	6/17/2020	175,159	—
USD	2,623,931	GBP	2,022,553	CITI	6/17/2020	108,369	—
USD	2,025,276	GBP	1,577,471	HUS	6/17/2020	63,289	—
USD	1,900,107	GBP	1,470,000	UBS	6/17/2020	71,787	—
USD	9,061,833	JPY	994,298,643	CITI	6/17/2020	—	$(215,316)
USD	2,900,606	JPY	311,252,387	GSI	6/17/2020	—	(3,486)
USD	3,045,833	JPY	326,533,041	JPM	6/17/2020	—	(833)
USD	7,463,370	MXN	145,310,125	CITI	6/17/2020	1,406,421	—
USD	1,180,154	MXN	23,440,740	SSB	6/17/2020	203,076	—
USD	6,989,491	NOK	64,457,784	HUS	6/17/2020	787,709	—
USD	1,694,502	NOK	15,782,250	UBS	6/17/2020	176,016	—
USD	4,141,548	NZD	6,430,059	ANZ	6/17/2020	307,046	—
USD	7,051,750	SGD	9,700,442	HUS	6/17/2020	218,985	—
						$7,252,136	$(3,337,293)

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

Derivatives Abbreviations
ANZ	Australia and New Zealand Banking Group Limited
BNY	The Bank of New York Mellon
CIBC	Canadian Imperial Bank of Commerce
CITI	Citibank, N.A.
GSI	Goldman Sachs International
HUS	HSBC Bank USA, N.A.
JPM	JPMorgan Chase Bank, 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
TD	The Toronto-Dominion Bank
UBS	UBS AG
USB	U.S. Bank N.A.

Total Bond Market Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 66.0%
U.S. Government – 39.7%
U.S. Treasury Bonds
2.250%, 08/15/2049	$	2,000,000	$	2,433,281
2.750%, 08/15/2047		3,000,000		3,965,508
2.875%, 05/15/2049		3,500,000		4,779,551
3.000%, 02/15/2047 to 02/15/2049		28,635,000		39,646,094
4.250%, 05/15/2039 to 11/15/2040		4,610,000		7,179,339
4.375%, 05/15/2041		1,830,000		2,935,363

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
4.625%, 02/15/2040	$	5,000,000	$	8,166,406
4.750%, 02/15/2041		2,000,000		3,342,344
7.875%, 02/15/2021		3,400,000		3,629,500
8.125%, 08/15/2021		1,400,000		1,552,250
8.750%, 08/15/2020		5,750,000		5,934,629

 

249

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 (continued)
U.S. Treasury Notes
0.625%, 03/31/2027	$	6,000,000	$	6,042,891
1.250%, 08/31/2024		5,000,000		5,198,047
1.375%, 10/31/2020 to 08/31/2026		35,500,000		35,987,774
1.500%, 01/31/2027		5,000,000		5,320,898
1.625%, 07/31/2020 (A)		16,500,000		16,579,900
1.625%, 08/15/2029		8,000,000		8,686,562
1.750%, 07/31/2021 to 12/31/2024		13,000,000		13,531,914
2.000%, 11/15/2021 to 02/15/2022		29,400,000		30,277,771
2.125%, 05/31/2026		3,000,000		3,293,203
2.250%, 02/15/2021 to 11/15/2027		24,595,000		27,243,259
2.375%, 05/15/2029		5,000,000		5,753,906
2.625%, 02/28/2023		3,000,000		3,204,141
2.750%, 04/30/2023		3,500,000		3,764,688
2.875%, 11/30/2023 to 05/15/2028		9,300,000		10,754,504
3.000%, 10/31/2025		2,000,000		2,280,078
3.125%, 05/15/2021		13,100,000		13,540,078
				275,023,879
U.S. Government Agency – 26.3%
Federal Home Loan Bank 5.500%, 07/15/2036		1,690,000		2,613,620
Federal Home Loan Mortgage Corp.
2.375%, 01/13/2022		1,500,000		1,552,278
2.500%, 04/01/2031		1,592,161		1,659,575
2.750%, 06/19/2023		2,000,000		2,142,461
3.000%, 07/01/2032 to 08/01/2046		7,540,174		7,967,807
3.500%, 12/01/2025 to 06/01/2048		9,042,136		9,600,937
4.000%, 02/01/2024 to 09/01/2047		3,828,438		4,113,102
4.100%, (12 month LIBOR + 2.100%), 02/01/2037 (B)		60,820		63,783
4.246%, (12 month LIBOR + 1.864%), 08/01/2037 (B)		440,831		462,312
4.500%, 05/01/2024 to 11/01/2048		6,491,838		7,015,714
5.000%, 06/01/2023 to 09/01/2039		324,760		360,923
5.500%, 02/01/2023 to 01/01/2039		545,047		618,182
6.000%, 10/01/2036 to 10/01/2038		261,006		305,261
6.250%, 07/15/2032		450,000		697,476
6.500%, 01/01/2021 to 08/01/2038		53,165		62,476
6.750%, 09/15/2029		1,200,000		1,793,388
7.000%, 04/01/2029 to 10/01/2038		65,287		76,736
7.500%, 09/01/2030 to 03/01/2032		6,834		8,020
8.000%, 02/01/2030		916		1,058
Federal National Mortgage Association
2.125%, 04/24/2026		2,000,000		2,153,398
2.500%, TBA (C)		4,000,000		4,152,303
2.500%, 05/01/2028		839,400		874,786
2.625%, 09/06/2024		1,000,000		1,090,832
3.000%, TBA (C)		16,400,000		17,197,962
3.000%, 01/01/2027 to 07/01/2046		11,703,606		12,357,201
3.348%, (6 month LIBOR + 1.413%), 07/01/2034 (B)		133,248		136,437
3.353%, (12 month LIBOR + 1.353%), 01/01/2035 (B)		211,055		219,427
3.500%, TBA (C)		8,000,000		8,461,478
3.500%, 12/01/2025 to 10/01/2049		24,121,507		25,694,298
3.897%, (12 month LIBOR + 1.884%), 10/01/2037 (B)		78,035		81,837
4.000%, 08/01/2020 to 05/01/2048		16,351,259		17,558,269
4.174%, (12 month LIBOR + 1.582%), 09/01/2037 (B)		71,778		75,066
4.500%, 12/01/2020 to 06/01/2041		2,463,525		2,696,757
4.535%, (1 Year CMT + 2.185%), 05/01/2036 (B)		63,301		66,386

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
4.674%, (12 month LIBOR + 1.774%), 04/01/2037 (B)	$	127,685	$	133,906
5.000%, 07/01/2020 to 07/01/2039		1,181,281		1,309,655
5.500%, 08/01/2021 to 11/01/2038		681,451		769,069
6.000%, 01/01/2021 to 08/01/2038		469,810		538,920
6.500%, 03/01/2022 to 12/01/2037		137,154		160,310
7.000%, 02/01/2031 to 10/01/2038		47,754		55,996
7.125%, 01/15/2030		209,000		323,112
7.250%, 05/15/2030		1,450,000		2,244,282
7.500%, 09/01/2030 to 08/01/2031		19,753		23,034
8.000%, 08/01/2030 to 09/01/2031		4,761		5,538
8.500%, 09/01/2030		762		891
Government National Mortgage Association
3.000%, TBA (C)		5,000,000		5,289,116
3.000%, 08/15/2043 to 06/20/2047		5,839,695		6,211,145
3.500%, TBA (C)		2,800,000		2,974,732
3.500%, 04/15/2042 to 02/20/2047		11,858,174		12,691,539
4.000%, 11/15/2026 to 08/20/2048		9,453,544		10,155,078
4.500%, 06/15/2023 to 10/20/2048		2,716,851		2,942,965
5.000%, 10/15/2023 to 07/20/2040		1,097,948		1,219,867
5.500%, 08/15/2023 to 09/20/2039		384,774		431,234
6.000%, 07/15/2029 to 10/15/2038		278,439		318,524
6.500%, 05/15/2028 to 12/15/2038		191,355		222,180
7.000%, 08/15/2029 to 05/15/2032		32,020		36,484
7.500%, 09/15/2030 to 01/15/2031		6,813		7,901
8.000%, 04/15/2031		7,170		8,355
Tennessee Valley Authority 3.875%, 02/15/2021		700,000		718,508
				182,723,887
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $418,467,373)			$	457,747,766
FOREIGN GOVERNMENT OBLIGATIONS – 1.3%
Brazil – 0.2%
Federative Republic of Brazil 4.250%, 01/07/2025 (A)		1,612,000		1,696,630
Canada – 0.2%
Province of British Columbia 6.500%, 01/15/2026 (A)		490,000		639,671
Province of Quebec
7.125%, 02/09/2024		150,000		183,674
7.500%, 07/15/2023		410,000		496,119
				1,319,464
Chile – 0.1%
Republic of Chile 3.875%, 08/05/2020		510,000		511,275
Colombia – 0.1%
Republic of Colombia 4.375%, 07/12/2021		550,000		553,443
Israel – 0.1%
Government of Israel 5.500%, 09/18/2023		455,000		528,056
Italy – 0.0%
Republic of Italy 6.875%, 09/27/2023		300,000		343,754
Japan – 0.1%
Japan Bank for International Cooperation 2.500%, 05/23/2024		800,000		845,350

 

250

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Mexico – 0.2%
Government of Mexico 6.050%, 01/11/2040	$	930,000	$	1,101,929
Panama – 0.1%
Republic of Panama 6.700%, 01/26/2036		370,000		474,991
Peru – 0.0%
Republic of Peru 6.550%, 03/14/2037 (A)		250,000		357,815
Philippines – 0.1%
Republic of Philippines 4.000%, 01/15/2021		1,000,000		1,008,453
Turkey – 0.1%
Republic of Turkey
6.000%, 01/14/2041		400,000		312,651
6.250%, 09/26/2022		400,000		389,707
				702,358
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $9,290,705)			$	9,443,518
CORPORATE BONDS – 25.7%
Communication services – 2.5%
Alphabet, Inc. 3.625%, 05/19/2021		320,000		329,313
America Movil SAB de CV 3.125%, 07/16/2022		500,000		504,667
AT&T, Inc.
3.000%, 02/15/2022		500,000		504,146
4.125%, 02/17/2026		575,000		613,496
4.300%, 12/15/2042		20,000		21,126
4.500%, 03/09/2048		500,000		542,630
4.750%, 05/15/2046		900,000		999,509
4.850%, 07/15/2045		500,000		553,688
5.150%, 03/15/2042		50,000		57,351
6.375%, 03/01/2041		360,000		453,007
7.570%, 02/01/2024		240,000		278,929
7.625%, 04/15/2031		285,000		379,467
Baidu, Inc.
3.000%, 06/30/2020		250,000		250,322
4.125%, 06/30/2025		250,000		265,118
British Telecommunications PLC 9.625%, 12/15/2030 (A)		190,000		292,607
Charter Communications Operating LLC
5.050%, 03/30/2029		400,000		434,222
5.375%, 05/01/2047		500,000		540,294
Comcast Corp.
2.350%, 01/15/2027		455,000		453,287
3.375%, 02/15/2025		600,000		639,860
3.999%, 11/01/2049		500,000		590,637
6.500%, 11/15/2035		255,000		372,228
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		146,000		199,134
Discovery Communications LLC
4.125%, 05/15/2029		900,000		872,263
5.300%, 05/15/2049		400,000		405,178
Fox Corp. 3.500%, 04/08/2030		600,000		598,794
Grupo Televisa SAB 6.625%, 01/15/2040		220,000		257,675
TCI Communications, Inc. 7.125%, 02/15/2028		110,000		152,105
Telefonica Emisiones SA 7.045%, 06/20/2036		230,000		274,283

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Telefonica Europe BV 8.250%, 09/15/2030	$	350,000	$	506,301
Time Warner Cable LLC 4.125%, 02/15/2021		60,000		60,177
Time Warner Entertainment Company LP 8.375%, 07/15/2033		525,000		722,783
TWDC Enterprises 18 Corp.
3.150%, 09/17/2025		500,000		528,392
4.125%, 06/01/2044 (A)		500,000		592,017
Verizon Communications, Inc.
4.272%, 01/15/2036		458,000		535,064
4.522%, 09/15/2048		760,000		959,371
4.600%, 04/01/2021		650,000		666,252
ViacomCBS, Inc.
4.300%, 02/15/2021		150,000		156,581
4.500%, 03/01/2021		120,000		120,234
Vodafone Group PLC
4.375%, 05/30/2028		400,000		420,547
5.250%, 05/30/2048		300,000		362,029
				17,465,084
Consumer discretionary – 2.0%
Amazon.com, Inc. 4.050%, 08/22/2047		600,000		765,917
American Honda Finance Corp. 2.450%, 09/24/2020		470,000		468,037
AutoZone, Inc. 3.250%, 04/15/2025		1,000,000		996,881
Brinker International, Inc. 3.875%, 05/15/2023		250,000		161,875
eBay, Inc. 3.250%, 10/15/2020		250,000		248,773
Ford Motor Credit Company LLC
3.096%, 05/04/2023		280,000		247,800
3.336%, 03/18/2021		1,000,000		955,000
General Motors Financial Company, Inc.
4.250%, 05/15/2023		280,000		253,184
5.250%, 03/01/2026		650,000		573,722
Hyatt Hotels Corp. 3.375%, 07/15/2023		250,000		230,418
Johnson Controls, Inc. 5.700%, 03/01/2041		150,000		166,008
Lowe's Companies, Inc. 3.375%, 09/15/2025		460,000		459,685
McDonald's Corp.
3.300%, 07/01/2025 (A)		1,000,000		1,035,149
3.625%, 05/20/2021		250,000		257,313
NIKE, Inc. 2.400%, 03/27/2025		1,000,000		1,036,619
O'Reilly Automotive, Inc. 4.875%, 01/14/2021		300,000		298,117
Starbucks Corp. 3.550%, 08/15/2029		300,000		314,843
Target Corp. 3.900%, 11/15/2047		500,000		588,689
The Home Depot, Inc.
2.625%, 06/01/2022		400,000		406,865
2.700%, 04/15/2030		700,000		713,395
3.350%, 09/15/2025		752,000		809,064
4.250%, 04/01/2046		390,000		465,885
5.875%, 12/16/2036		280,000		380,236
The TJX Companies, Inc.
3.875%, 04/15/2030		600,000		620,849
4.500%, 04/15/2050		600,000		643,067
Toyota Motor Credit Corp. 3.400%, 09/15/2021		320,000		325,424

 

251

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Whirlpool Corp. 5.150%, 03/01/2043	$	300,000	$	303,847
				13,726,662
Consumer staples – 1.6%
Altria Group, Inc. 4.500%, 05/02/2043		500,000		473,831
Anheuser-Busch Companies LLC
3.650%, 02/01/2026		800,000		840,200
4.900%, 02/01/2046		500,000		545,754
Anheuser-Busch InBev Worldwide, Inc. 4.750%, 01/23/2029		500,000		549,700
Conagra Brands, Inc. 9.750%, 03/01/2021		175,000		183,368
Diageo Capital PLC 4.828%, 07/15/2020		95,000		95,688
Edgewell Personal Care Company 4.700%, 05/19/2021		250,000		244,050
General Mills, Inc. 2.875%, 04/15/2030		600,000		598,800
Kimberly-Clark Corp. 3.200%, 07/30/2046		300,000		279,164
Kraft Heinz Foods Company
3.000%, 06/01/2026		495,000		481,017
3.950%, 07/15/2025		600,000		589,898
6.875%, 01/26/2039		40,000		45,882
Mondelez International, Inc. 4.625%, 05/07/2048		300,000		339,012
PepsiCo, Inc.
2.850%, 02/24/2026		495,000		521,874
4.000%, 03/05/2042		270,000		296,867
5.500%, 01/15/2040		280,000		344,652
Philip Morris International, Inc.
3.600%, 11/15/2023		250,000		260,446
4.125%, 05/17/2021		320,000		328,595
Reynolds American, Inc. 3.250%, 11/01/2022 (A)		270,000		261,728
SC Johnson & Son, Inc. 4.000%, 05/15/2043 (D)		250,000		295,513
Sysco Corp. 6.600%, 04/01/2050		1,000,000		1,086,601
The Coca-Cola Company 3.150%, 11/15/2020		560,000		563,492
Tyson Foods, Inc. 4.350%, 03/01/2029		400,000		438,783
Walmart, Inc.
3.250%, 07/08/2029		600,000		660,038
4.050%, 06/29/2048		500,000		642,966
				10,967,919
Energy – 1.8%
Anadarko Petroleum Corp. 6.450%, 09/15/2036		280,000		139,913
Apache Corp. 3.625%, 02/01/2021		92,000		74,373
Boardwalk Pipelines LP 4.950%, 12/15/2024		400,000		323,967
BP Capital Markets PLC 2.750%, 05/10/2023 (A)		250,000		247,276
Canadian Natural Resources, Ltd. 6.250%, 03/15/2038		290,000		224,895
ConocoPhillips Company 4.950%, 03/15/2026		300,000		321,102
Devon Energy Corp.
5.000%, 06/15/2045		885,000		566,212
7.875%, 09/30/2031		170,000		123,886

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Enbridge, Inc.
3.700%, 07/15/2027	$	400,000	$	396,714
4.500%, 06/10/2044		400,000		369,934
Energy Transfer Operating LP
6.125%, 12/15/2045		350,000		290,622
6.500%, 02/01/2042		50,000		45,076
Enterprise Products Operating LLC
4.850%, 08/15/2042		280,000		271,424
6.875%, 03/01/2033		130,000		149,781
EOG Resources, Inc. 4.100%, 02/01/2021		300,000		301,704
Exxon Mobil Corp. 2.397%, 03/06/2022 (A)		750,000		762,958
Kinder Morgan Energy Partners LP
4.300%, 05/01/2024		700,000		699,611
6.375%, 03/01/2041		60,000		59,485
6.500%, 09/01/2039		180,000		176,319
Kinder Morgan, Inc. 5.550%, 06/01/2045		375,000		384,991
Marathon Oil Corp. 3.850%, 06/01/2025		500,000		360,306
Noble Holding International, Ltd. 6.050%, 03/01/2041		50,000		2,500
Occidental Petroleum Corp. 4.100%, 02/01/2021		300,000		253,815
ONEOK Partners LP 6.650%, 10/01/2036		268,000		243,714
Ovintiv, Inc. 6.500%, 08/15/2034		270,000		126,823
Petrobras Global Finance BV
4.375%, 05/20/2023 (A)		365,000		350,400
5.375%, 01/27/2021		400,000		399,312
Petroleos Mexicanos
4.875%, 01/18/2024		500,000		391,255
6.625%, 06/15/2035		230,000		154,664
Phillips 66 Partners LP 3.750%, 03/01/2028		200,000		186,939
Shell International Finance BV
4.375%, 05/11/2045		1,000,000		1,156,626
6.375%, 12/15/2038		90,000		128,439
Southern Natural Gas Company LLC 4.400%, 06/15/2021		250,000		250,364
Suncor Energy, Inc. 5.950%, 05/15/2035		235,000		216,681
Sunoco Logistics Partners Operations LP 3.450%, 01/15/2023		170,000		146,449
The Williams Companies, Inc.
5.100%, 09/15/2045		400,000		379,972
7.875%, 09/01/2021		190,000		179,384
Tosco Corp. 8.125%, 02/15/2030		383,000		497,541
Total Capital SA
4.125%, 01/28/2021		40,000		40,777
4.250%, 12/15/2021		60,000		61,850
TransCanada PipeLines, Ltd. 5.850%, 03/15/2036		405,000		430,950
Valaris PLC 4.700%, 03/15/2021 (A)		360,000		36,000
Valero Energy Corp. 7.500%, 04/15/2032		270,000		312,868
				12,237,872
Financials – 7.1%
AEGON Funding Company LLC 5.750%, 12/15/2020		165,000		168,433

 

252

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
American Express Company 2.650%, 12/02/2022	$	345,000	$	348,990
American International Group, Inc.
4.125%, 02/15/2024		550,000		577,180
6.250%, 05/01/2036		430,000		512,322
Bank of America Corp.
2.625%, 10/19/2020		400,000		400,625
3.300%, 01/11/2023		800,000		828,601
4.450%, 03/03/2026		700,000		757,027
7.750%, 05/14/2038		480,000		714,906
Bank of America Corp. (3.004% to 12-20-22, then 3 month LIBOR + 0.790%) 12/20/2023		386,000		393,214
Bank of America Corp. (3.366% to 1-23-25, then 3 month LIBOR + 0.810%) 01/23/2026		1,700,000		1,767,599
Bank of America Corp. (3.419% to 12-20-27, then 3 month LIBOR + 1.040%) 12/20/2028		1,312,000		1,354,670
Bank of America Corp. (3.970% to 3-5-28, then 3 month LIBOR + 1.070%) 03/05/2029		500,000		539,645
Bank of America Corp. (4.443% to 1-20-47, then 3 month LIBOR + 1.990%) 01/20/2048		500,000		561,113
Barclays PLC 4.375%, 01/12/2026		500,000		502,658
Berkshire Hathaway Finance Corp. 4.250%, 01/15/2021		60,000		61,468
Berkshire Hathaway, Inc. 3.125%, 03/15/2026		500,000		535,723
Capital One Bank USA NA 3.375%, 02/15/2023		360,000		352,206
Capital One Financial Corp.
3.200%, 02/05/2025		2,000,000		1,961,338
3.300%, 10/30/2024		1,500,000		1,477,438
Chubb INA Holdings, Inc. 3.350%, 05/03/2026		300,000		317,714
Citigroup, Inc.
2.350%, 08/02/2021		500,000		499,513
4.450%, 09/29/2027		500,000		524,279
5.500%, 09/13/2025		400,000		444,451
Citigroup, Inc. (4.281% to 4-24-47, then 3 month LIBOR + 1.839%) 04/24/2048		500,000		553,476
Cooperatieve Rabobank UA 4.500%, 01/11/2021		500,000		508,494
Credit Suisse AG 3.000%, 10/29/2021		750,000		759,093
Credit Suisse Group Funding Guernsey, Ltd.
3.450%, 04/16/2021		575,000		578,637
3.750%, 03/26/2025		250,000		252,610
4.550%, 04/17/2026		800,000		844,808
Discover Financial Services 5.200%, 04/27/2022		120,000		124,635
European Investment Bank
2.875%, 09/15/2020		700,000		706,646
3.250%, 01/29/2024		600,000		659,598
GE Capital International Funding Company Unlimited Company 4.418%, 11/15/2035		822,000		888,064
HSBC Holdings PLC
2.950%, 05/25/2021		575,000		578,628
6.500%, 09/15/2037		660,000		794,315

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Inter-American Development Bank
1.750%, 09/14/2022	$	600,000	$	617,924
1.875%, 03/15/2021		1,100,000		1,114,039
7.000%, 06/15/2025		325,000		420,282
Intercontinental Exchange, Inc. 3.100%, 09/15/2027		400,000		406,264
International Bank for Reconstruction & Development 2.125%, 11/01/2020		1,300,000		1,310,841
JPMorgan Chase & Co.
3.300%, 04/01/2026		700,000		734,575
3.375%, 05/01/2023		500,000		521,763
3.875%, 02/01/2024		1,300,000		1,390,129
4.350%, 08/15/2021		710,000		733,019
6.400%, 05/15/2038		125,000		181,817
JPMorgan Chase & Co. (3.509% to 1-23-28, then 3 month LIBOR + 0.945%) 01/23/2029		500,000		515,245
KeyCorp 5.100%, 03/24/2021		250,000		254,647
KfW
2.125%, 01/17/2023		600,000		625,676
2.625%, 02/28/2024 (A)		800,000		862,096
Lincoln National Corp. 7.000%, 06/15/2040		150,000		165,443
MetLife, Inc. 4.600%, 05/13/2046		500,000		550,986
Morgan Stanley
2.800%, 06/16/2020		485,000		484,932
3.700%, 10/23/2024		950,000		1,003,689
4.100%, 05/22/2023		750,000		776,753
Morgan Stanley (3.622% to 4-1-30, then SOFR + 3.120%) 04/01/2031		1,000,000		1,040,739
Morgan Stanley (3.772% to 1-24-28, then 3 month LIBOR + 1.140%) 01/24/2029		550,000		580,350
Northern Trust Corp. 3.450%, 11/04/2020		300,000		300,719
Prudential Financial, Inc. 5.375%, 06/21/2020		280,000		282,122
Raymond James Financial, Inc. 4.950%, 07/15/2046		600,000		691,103
Reinsurance Group of America, Inc. 5.000%, 06/01/2021		50,000		51,853
State Street Corp. 3.100%, 05/15/2023		250,000		257,503
Stifel Financial Corp. 4.250%, 07/18/2024		500,000		508,689
Sumitomo Mitsui Financial Group, Inc. 3.784%, 03/09/2026		550,000		599,500
The Allstate Corp. 3.280%, 12/15/2026		500,000		518,664
The Bank of New York Mellon Corp. 2.450%, 11/27/2020		450,000		448,226
The Bank of Nova Scotia 2.350%, 10/21/2020		400,000		399,604
The Charles Schwab Corp. 3.200%, 01/25/2028		300,000		303,857
The Goldman Sachs Group, Inc.
2.625%, 04/25/2021		600,000		600,445
3.500%, 01/23/2025		750,000		768,871
3.625%, 01/22/2023		500,000		516,161
3.750%, 02/25/2026 (A)		500,000		520,804

 

253

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Hartford Financial Services Group, Inc. 5.950%, 10/15/2036	$	170,000	$	211,628
The Toronto-Dominion Bank 1.800%, 07/13/2021		500,000		502,243
The Travelers Companies, Inc. 4.050%, 03/07/2048		300,000		342,686
Travelers Property Casualty Corp. 7.750%, 04/15/2026		50,000		62,604
Truist Bank 2.850%, 04/01/2021		500,000		501,358
U.S. Bancorp 3.000%, 03/15/2022 (A)		600,000		611,924
Wells Fargo & Company
3.450%, 02/13/2023 (A)		750,000		771,116
5.375%, 02/07/2035		1,500,000		1,769,622
Westpac Banking Corp. 2.000%, 08/19/2021		600,000		598,121
				49,280,749
Health care – 2.6%
Abbott Laboratories
2.950%, 03/15/2025		300,000		311,852
3.750%, 11/30/2026		283,000		315,928
AbbVie, Inc.
2.900%, 11/06/2022		500,000		505,772
3.200%, 05/14/2026		716,000		741,816
3.200%, 11/21/2029 (D)		1,000,000		1,020,174
4.400%, 11/06/2042		260,000		288,924
Aetna, Inc. 3.500%, 11/15/2024		200,000		203,417
Agilent Technologies, Inc. 3.875%, 07/15/2023		250,000		257,884
Allergan Funding SCS
3.800%, 03/15/2025		861,000		881,678
4.750%, 03/15/2045		321,000		346,401
Amgen, Inc.
4.400%, 05/01/2045		260,000		303,601
4.663%, 06/15/2051		159,000		200,229
Anthem, Inc.
4.101%, 03/01/2028		350,000		376,801
4.650%, 08/15/2044		150,000		166,265
Bayer US Finance II LLC 2.850%, 04/15/2025 (D)		300,000		291,709
Becton, Dickinson and Company 3.250%, 11/12/2020		300,000		299,764
Biogen, Inc. 5.200%, 09/15/2045		500,000		646,924
Celgene Corp. 3.875%, 08/15/2025		600,000		667,416
CVS Health Corp.
3.875%, 07/20/2025		650,000		671,609
4.300%, 03/25/2028		500,000		531,002
CVS Pass-Through Trust 8.353%, 07/10/2031 (D)		71,875		86,323
Express Scripts Holding Company 6.125%, 11/15/2041 (A)		330,000		409,378
Gilead Sciences, Inc.
3.650%, 03/01/2026		600,000		653,938
4.500%, 04/01/2021		330,000		334,510
GlaxoSmithKline Capital, Inc. 6.375%, 05/15/2038		210,000		310,944
HCA, Inc.
4.500%, 02/15/2027		500,000		514,673
5.500%, 06/15/2047		400,000		435,611

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Humana, Inc. 3.850%, 10/01/2024	$	350,000	$	355,989
Johnson & Johnson 5.850%, 07/15/2038		285,000		432,528
Merck & Company, Inc. 2.750%, 02/10/2025 (A)		850,000		888,971
Pfizer, Inc.
2.750%, 06/03/2026		713,000		749,553
4.400%, 05/15/2044		264,000		323,329
Quest Diagnostics, Inc.
4.200%, 06/30/2029		500,000		545,026
4.700%, 03/30/2045		500,000		551,416
Stryker Corp. 4.625%, 03/15/2046		350,000		412,506
Thermo Fisher Scientific, Inc. 4.150%, 02/01/2024		350,000		375,364
UnitedHealth Group, Inc.
4.375%, 03/15/2042		50,000		59,812
4.450%, 12/15/2048		300,000		376,602
5.800%, 03/15/2036		300,000		391,112
Zimmer Biomet Holdings, Inc.
3.050%, 01/15/2026		500,000		491,379
3.550%, 04/01/2025		500,000		503,355
				18,231,485
Industrials – 2.1%
3M Company 3.000%, 08/07/2025		330,000		346,489
AerCap Ireland Capital DAC 4.450%, 04/03/2026		400,000		342,988
Air Lease Corp. 3.625%, 12/01/2027		400,000		333,252
American Airlines 2016-2 Class AA Pass Through Trust 3.200%, 06/15/2028		256,350		278,654
Baker Hughes LLC 3.337%, 12/15/2027		500,000		458,510
Burlington Northern Santa Fe LLC 4.400%, 03/15/2042		50,000		58,385
Canadian Pacific Railway Company 4.450%, 03/15/2023		300,000		312,074
Caterpillar, Inc. 3.400%, 05/15/2024		500,000		524,700
CSX Corp.
3.350%, 11/01/2025 (A)		420,000		441,964
3.800%, 04/15/2050		1,000,000		1,050,401
Delta Air Lines 2019-1 Class AA Pass Through Trust 3.204%, 04/25/2024		200,000		195,255
Emerson Electric Company 2.625%, 12/01/2021		250,000		255,396
FedEx Corp.
3.875%, 08/01/2042		420,000		368,027
4.400%, 01/15/2047		350,000		318,776
General Electric Company
4.500%, 03/11/2044		500,000		492,408
6.750%, 03/15/2032		66,000		79,999
6.875%, 01/10/2039		168,000		209,594
Ingersoll-Rand Global Holding Company, Ltd. 4.300%, 02/21/2048		600,000		669,468
Kansas City Southern 2.875%, 11/15/2029		500,000		480,186
Lockheed Martin Corp. 3.800%, 03/01/2045 (A)		400,000		434,800

 

254

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Norfolk Southern Corp. 4.837%, 10/01/2041 (A)	$	240,000	$	283,185
Northrop Grumman Corp.
3.250%, 01/15/2028		300,000		314,746
3.500%, 03/15/2021		150,000		151,283
Precision Castparts Corp. 3.250%, 06/15/2025		500,000		531,684
Snap-on, Inc. 6.125%, 09/01/2021		310,000		333,888
The Boeing Company
1.650%, 10/30/2020 (A)		438,000		428,229
2.600%, 10/30/2025 (A)		438,000		396,734
8.750%, 09/15/2031		90,000		115,552
Thomson Reuters Corp. 4.500%, 05/23/2043		250,000		240,035
Union Pacific Corp.
3.250%, 08/15/2025		500,000		516,164
3.799%, 10/01/2051		313,000		335,955
4.000%, 02/01/2021		280,000		281,396
4.050%, 11/15/2045		500,000		526,834
4.300%, 03/01/2049 (A)		300,000		340,917
United Airlines 2016-2 Class AA Pass Through Trust 2.875%, 10/07/2028		268,283		248,940
United Parcel Service, Inc. 3.400%, 03/15/2029		400,000		422,683
United Technologies Corp.
4.625%, 11/16/2048		500,000		591,690
6.125%, 07/15/2038		225,000		325,437
Verisk Analytics, Inc. 4.125%, 03/15/2029 (A)		600,000		633,371
				14,670,049
Information technology – 2.4%
Apple, Inc.
2.400%, 05/03/2023		800,000		832,005
2.450%, 08/04/2026		1,060,000		1,110,707
3.250%, 02/23/2026		500,000		544,495
Applied Materials, Inc.
2.625%, 10/01/2020		470,000		471,062
3.900%, 10/01/2025		470,000		495,405
5.100%, 10/01/2035		470,000		633,195
Automatic Data Processing, Inc. 3.375%, 09/15/2025		752,000		803,565
Cisco Systems, Inc. 5.900%, 02/15/2039		80,000		115,676
Fiserv, Inc. 2.700%, 06/01/2020		250,000		249,222
HP, Inc. 3.750%, 12/01/2020		49,000		48,823
IBM Corp.
3.450%, 02/19/2026		1,115,000		1,197,673
4.000%, 06/20/2042		210,000		241,784
5.600%, 11/30/2039		21,000		27,985
Intel Corp. 2.700%, 12/15/2022 (A)		690,000		717,872
Leidos Holdings, Inc. 4.450%, 12/01/2020		300,000		298,500
Microsoft Corp.
2.000%, 11/03/2020		438,000		438,965
3.125%, 11/03/2025		438,000		479,799
3.750%, 05/01/2043		500,000		583,151
4.250%, 02/06/2047		600,000		779,367
4.450%, 11/03/2045		438,000		575,905
Oracle Corp.
2.400%, 09/15/2023		435,000		443,991

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Oracle Corp. (continued)
2.650%, 07/15/2026	$	310,000	$	317,927
2.950%, 05/15/2025		550,000		570,433
4.125%, 05/15/2045 (A)		500,000		545,137
PayPal Holdings, Inc. 2.850%, 10/01/2029 (A)		1,000,000		992,551
QUALCOMM, Inc. 3.450%, 05/20/2025		500,000		534,685
Visa, Inc.
2.050%, 04/15/2030		600,000		599,130
2.200%, 12/14/2020		463,000		465,354
3.150%, 12/14/2025		463,000		504,380
4.300%, 12/14/2045		463,000		583,840
Xerox Corp. 6.750%, 12/15/2039		60,000		56,963
				16,259,547
Materials – 0.8%
Eastman Chemical Company 4.650%, 10/15/2044		500,000		537,285
Freeport-McMoRan, Inc. 3.875%, 03/15/2023		500,000		476,250
Huntsman International LLC 4.500%, 05/01/2029		500,000		426,267
International Paper Company 5.000%, 09/15/2035		500,000		573,400
Newmont Corp. 4.875%, 03/15/2042		270,000		320,380
Potash Corp. of Saskatchewan, Inc. 5.625%, 12/01/2040		150,000		167,653
PPG Industries, Inc. 3.600%, 11/15/2020		300,000		298,245
Praxair, Inc. 2.450%, 02/15/2022 (A)		240,000		240,834
Rio Tinto Alcan, Inc. 6.125%, 12/15/2033		100,000		131,839
Rio Tinto Finance USA PLC 4.750%, 03/22/2042		270,000		327,391
Rio Tinto Finance USA, Ltd.
3.750%, 06/15/2025		485,000		509,510
5.200%, 11/02/2040		250,000		330,214
Teck Resources, Ltd.
4.500%, 01/15/2021		17,000		16,619
6.250%, 07/15/2041		270,000		233,600
The Dow Chemical Company
4.375%, 11/15/2042		590,000		575,710
9.400%, 05/15/2039		130,000		195,671
Vale Overseas, Ltd. 6.875%, 11/10/2039		350,000		385,879
				5,746,747
Real estate – 0.7%
American Campus Communities Operating Partnership LP 3.625%, 11/15/2027		200,000		199,535
American Tower Corp. 5.000%, 02/15/2024		500,000		529,291
Boston Properties LP 4.125%, 05/15/2021		300,000		302,138
Crown Castle International Corp. 3.700%, 06/15/2026		400,000		404,965
CubeSmart LP 4.000%, 11/15/2025		200,000		198,327
Digital Realty Trust LP 4.450%, 07/15/2028		200,000		213,005
Duke Realty LP 3.250%, 06/30/2026		200,000		199,948

 

255

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Essex Portfolio LP 5.200%, 03/15/2021	$	60,000	$	60,981
Healthpeak Properties, Inc. 3.875%, 08/15/2024		400,000		407,701
Mid-America Apartments LP 3.950%, 03/15/2029		800,000		815,971
Service Properties Trust 4.500%, 03/15/2025		200,000		146,229
Simon Property Group LP
3.375%, 06/15/2027		500,000		493,036
3.500%, 09/01/2025		441,500		444,799
SL Green Operating Partnership LP 3.250%, 10/15/2022		500,000		497,493
Weyerhaeuser Company 4.700%, 03/15/2021		150,000		151,374
				5,064,793
Utilities – 2.1%
AEP Transmission Company LLC 3.750%, 12/01/2047		400,000		412,990
Ameren Corp. 3.500%, 01/15/2031		1,000,000		997,630
American Water Capital Corp. 4.300%, 09/01/2045		350,000		359,705
Berkshire Hathaway Energy Company
4.500%, 02/01/2045		500,000		562,242
6.125%, 04/01/2036		436,000		575,054
CenterPoint Energy Resources Corp. 4.500%, 01/15/2021		246,000		248,091
Consolidated Edison Company of New York, Inc. 3.950%, 04/01/2050		700,000		728,943
Dominion Energy, Inc.
3.375%, 04/01/2030		600,000		593,970
3.900%, 10/01/2025		242,000		249,812
Duke Energy Carolinas LLC 6.000%, 01/15/2038		200,000		274,023
Duke Energy Corp.
3.750%, 04/15/2024		500,000		518,126
4.800%, 12/15/2045		500,000		546,160
Entergy Corp. 5.125%, 09/15/2020		310,000		309,930
Essential Utilities, Inc. 4.276%, 05/01/2049		500,000		540,368
Eversource Energy 4.250%, 04/01/2029		500,000		528,397
Exelon Corp.
3.400%, 04/15/2026		542,000		525,497
5.150%, 12/01/2020		310,000		313,018
Exelon Generation Company LLC 6.250%, 10/01/2039		160,000		150,487
Florida Power & Light Company 5.650%, 02/01/2037		290,000		372,876
Georgia Power Company 5.950%, 02/01/2039 (A)		335,000		382,934
Hydro-Quebec 8.400%, 01/15/2022		250,000		282,914
Indiana Michigan Power Company 6.050%, 03/15/2037		187,000		218,683
NiSource, Inc. 3.950%, 03/30/2048		400,000		406,747
Oncor Electric Delivery Company LLC 7.500%, 09/01/2038		188,000		286,716
Pacific Gas & Electric Company
3.500%, 10/01/2020 (E)		60,000		58,800
6.050%, 03/01/2034 (E)		454,000		458,540

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
PacifiCorp 6.000%, 01/15/2039	$	335,000	$	455,129
Pennsylvania Electric Company 5.200%, 04/01/2020		300,000		300,000
PPL Capital Funding, Inc. 3.400%, 06/01/2023		250,000		256,730
PPL WEM, Ltd. 5.375%, 05/01/2021 (D)		60,000		61,237
Progress Energy, Inc. 4.400%, 01/15/2021		305,000		307,534
Public Service Company of Colorado 3.600%, 09/15/2042		500,000		515,220
Public Service Electric & Gas Company 3.000%, 05/15/2025		250,000		256,852
San Diego Gas & Electric Company 6.125%, 09/15/2037		202,000		249,008
Southern California Edison Company 5.350%, 07/15/2035		130,000		155,180
The Southern Company 3.250%, 07/01/2026		572,000		576,900
Virginia Electric & Power Company
3.450%, 09/01/2022		50,000		50,742
8.875%, 11/15/2038		190,000		302,227
Xcel Energy, Inc. 3.300%, 06/01/2025		400,000		405,731
				14,795,143
TOTAL CORPORATE BONDS (Cost $173,016,793)			$	178,446,050
MUNICIPAL BONDS – 0.8%
Bay Area Toll Authority (California) 6.907%, 10/01/2050		50,000		79,834
Illinois State Toll Highway Authority 6.184%, 01/01/2034		150,000		198,012
Maryland State Transportation Authority 5.888%, 07/01/2043		60,000		83,616
Metropolitan Washington Airports Authority 7.462%, 10/01/2046		40,000		58,655
New Jersey Turnpike Authority 7.102%, 01/01/2041		90,000		128,205
New York State Dormitory Authority 5.628%, 03/15/2039		340,000		402,213
New York State Urban Development Corp. 5.770%, 03/15/2039		300,000		328,020
Ohio Air Quality Development Authority 2.100%, 10/01/2028		700,000		674,268
State of California
7.300%, 10/01/2039		400,000		614,620
7.500%, 04/01/2034		80,000		126,166
State of Illinois, GO
5.100%, 06/01/2033		115,000		114,152
7.350%, 07/01/2035		280,000		314,166
State of Texas 5.517%, 04/01/2039		260,000		357,198
State of Utah
3.539%, 07/01/2025		390,000		409,566
4.554%, 07/01/2024		260,000		274,108
State of Washington 5.481%, 08/01/2039		260,000		361,702

 

256

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
Texas Transportation Commission State Highway Fund 5.178%, 04/01/2030	$	310,000	$	373,169
University of California 5.770%, 05/15/2043		320,000		433,411
TOTAL MUNICIPAL BONDS (Cost $4,469,643)			$	5,331,081
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.6%
Commercial and residential – 2.2%
Banc of America Commercial Mortgage Trust Series 2015-UBS7, Class A4 3.705%, 09/15/2048		145,000		151,237
BANK Series 2017-BNK6, Class A4 3.254%, 07/15/2060		2,000,000		2,088,407
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		1,090,000		1,165,595
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR3, Class A3, 2.822%, 10/15/2045		488,940		481,729
Series 2012-CR5, Class A4, 2.771%, 12/10/2045		179,000		178,929
Series 2013-CR8, Class AM, 3.816%, 06/10/2046 (D)(F)		630,000		636,073
Series 2014-CR14, Class A3, 3.955%, 02/10/2047		1,000,000		1,055,193
Series 2014-CR21, Class A3, 3.528%, 12/10/2047		648,025		678,797
Series 2015-CR27, Class A4, 3.612%, 10/10/2048		1,000,000		1,067,402
GS Mortgage Securities Trust
Series 2016-GS4, Class A3, 3.178%, 11/10/2049		3,000,000		3,104,497
Series 2017-GS5, Class A3, 3.409%, 03/10/2050		3,000,000		3,094,825
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class A4 4.133%, 08/15/2046 (F)		400,000		422,062
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C16, Class A4 4.166%, 12/15/2046		500,000		530,421
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C7, Class A4 2.918%, 02/15/2046		240,000		240,710
Morgan Stanley Capital I Trust Series 2011-C1, Class A4 5.033%, 09/15/2047 (D)(F)		61,239		61,839
Wells Fargo Commercial Mortgage Trust Series 2015-C29, Class AS 4.013%, 06/15/2048 (F)		500,000		510,213
				15,467,929
U.S. Government Agency – 0.4%
Federal Home Loan Mortgage Corp.
Series K013, Class A2, 3.974%, 01/25/2021 (F)		700,000		711,723
Series K041, Class A2, 3.171%, 10/25/2024		700,000		756,097
Series K047, Class A2, 3.329%, 05/25/2025 (F)		700,000		765,531

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series K050, Class A2, 3.334%, 08/25/2025 (F)	$	700,000	$	775,516
				3,008,867
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $18,497,010)			$	18,476,796
ASSET BACKED SECURITIES – 0.1%
Westlake Automobile Receivables Trust Series 2019-2A, Class A2A 2.570%, 02/15/2023 (D)		616,129		613,586
TOTAL ASSET BACKED SECURITIES (Cost $613,602)			$	613,586
SHORT-TERM INVESTMENTS – 16.0%
Short-term funds – 16.0%
John Hancock Collateral Trust, 1.1260% (G)(H)		2,675,830		26,751,609
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (G)		84,098,012		84,098,012
TOTAL SHORT-TERM INVESTMENTS (Cost $110,850,635)			$	110,849,621
Total Investments (Total Bond Market Trust) (Cost $735,205,761) – 112.5%			$	780,908,418
Other assets and liabilities, net – (12.5%)				(87,041,180)
TOTAL NET ASSETS – 100.0%			$	693,867,238

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)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $26,201,530.
(B)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(C)	Security purchased or sold on a when-issued or delayed delivery basis.
(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 3-31-20.
(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 – 96.7%
Communication services – 10.2%

 

257

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services – 1.7%
AT&T, Inc.	152,229	$	4,437,475
ATN International, Inc.	316		18,552
Bandwidth, Inc., Class A (A)	499		33,578
CenturyLink, Inc.	22,799		215,679
Cincinnati Bell, Inc. (A)	1,094		16,016
Cogent Communications Holdings, Inc.	979		80,249
Consolidated Communications Holdings, Inc.	1,652		7,517
Frontier Communications Corp. (A)	977		371
GCI Liberty, Inc., Class A (A)(B)	2,222		126,587
Globalstar, Inc. (A)	32,583		9,599
IDT Corp., Class B (A)	637		3,453
Iridium Communications, Inc. (A)	2,764		61,720
Ooma, Inc. (A)	511		6,096
ORBCOMM, Inc. (A)	2,046		4,992
Pareteum Corp. (A)	1,711		705
Verizon Communications, Inc.	86,142		4,628,410
Vonage Holdings Corp. (A)	5,098		36,859
			9,687,858
Entertainment – 1.7%
Activision Blizzard, Inc.	16,016		952,632
AMC Entertainment Holdings, Inc., Class A (B)	2,313		7,309
Chicken Soup For The Soul Entertainment, Inc. (A)	15		101
Cinemark Holdings, Inc.	2,446		24,925
Electronic Arts, Inc. (A)	6,082		609,234
Gaia, Inc. (A)	509		4,520
Glu Mobile, Inc. (A)	3,150		19,814
Liberty Media Corp.-Liberty Braves, Class A (A)	1,147		22,367
Liberty Media Corp.-Liberty Formula One, Series A (A)	4,894		126,363
Lions Gate Entertainment Corp., Class B (A)	4,693		26,187
Live Nation Entertainment, Inc. (A)	4,462		202,843
LiveXLive Media, Inc. (A)(B)	863		1,364
Netflix, Inc. (A)	9,135		3,430,193
Reading International, Inc., Class A (A)	608		2,365
Roku, Inc. (A)	2,453		214,588
Sciplay Corp., Class A (A)	2,733		26,032
Take-Two Interactive Software, Inc. (A)	2,367		280,750
The Madison Square Garden Company, Class A (A)	499		105,494
The Marcus Corp.	654		8,057
The Walt Disney Company	37,564		3,628,682
World Wrestling Entertainment, Inc., Class A (B)	1,652		56,052
Zynga, Inc., Class A (A)	19,797		135,609
			9,885,481
Interactive media and services – 4.9%
Actua Corp. (A)(C)	909		68
Alphabet, Inc., Class C (A)	14,374		16,714,231
ANGI Homeservices, Inc., Class A (A)(B)	10,603		55,666
Cargurus, Inc. (A)	2,365		44,793
Cars.com, Inc. (A)	1,453		6,248
Eventbrite, Inc., Class A (A)	1,808		13,198
EverQuote, Inc., Class A (A)	566		14,858
Facebook, Inc., Class A (A)	59,437		9,914,092
InterActiveCorp (A)	1,764		316,162
Liberty TripAdvisor Holdings, Inc., Class A (A)	1,370		2,466
Match Group, Inc. (A)(B)	5,835		385,343
Pinterest, Inc., Class A (A)(B)	11,654		179,938

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
QuinStreet, Inc. (A)	1,130	$	9,097
Snap, Inc., Class A (A)	23,773		282,661
The Meet Group, Inc. (A)	1,666		9,779
TripAdvisor, Inc.	2,658		46,223
TrueCar, Inc. (A)	2,492		6,031
Twitter, Inc. (A)	16,188		397,577
Yelp, Inc. (A)	1,481		26,702
Zillow Group, Inc., Class C (A)(B)	4,332		156,039
			28,581,172
Media – 1.5%
Altice USA, Inc., Class A (A)	13,292		296,279
AMC Networks, Inc., Class A (A)	1,146		27,859
Boston Omaha Corp., Class A (A)	528		9,562
Cable One, Inc.	114		187,417
Cardlytics, Inc. (A)	535		18,704
Charter Communications, Inc., Class A (A)	4,477		1,953,360
Clear Channel Outdoor Holdings, Inc. (A)	8,922		5,710
Comcast Corp., Class A	94,812		3,259,637
comScore, Inc. (A)	1,582		4,461
Discovery, Inc., Series A (A)(B)	10,965		213,160
DISH Network Corp., Class A (A)	10,292		205,737
Emerald Holding, Inc.	1,734		4,491
Entercom Communications Corp., Class A	3,101		5,303
Entravision Communications Corp., Class A	2,355		4,781
Fox Corp., Class A	12,951		306,032
Gannett Company, Inc.	2,798		4,141
Gray Television, Inc. (A)	2,122		22,790
Hemisphere Media Group, Inc. (A)	614		5,244
John Wiley & Sons, Inc., Class A	1,199		44,951
Lee Enterprises, Inc. (A)	458		450
Liberty Broadband Corp., Series A (A)	3,794		405,958
Liberty Media Corp.-Liberty SiriusXM, Series A (A)	6,619		209,756
Loral Space & Communications, Inc. (A)	501		8,141
Media General, Inc. (A)(C)	3,256		310
Meredith Corp.	965		11,792
MSG Networks, Inc., Class A (A)	1,255		12,801
National CineMedia, Inc.	1,758		5,731
News Corp., Class A	12,364		110,967
Nexstar Media Group, Inc., Class A	965		55,709
Omnicom Group, Inc.	4,514		247,819
Saga Communications, Inc., Class A	170		4,677
Scholastic Corp.	780		19,882
Sinclair Broadcast Group, Inc., Class A	1,939		31,179
Sirius XM Holdings, Inc. (B)	92,293		455,927
SRAX, Inc. (A)	123		247
TechTarget, Inc. (A)	625		12,881
TEGNA, Inc.	4,511		48,989
The EW Scripps Company, Class A	1,766		13,316
The Interpublic Group of Companies, Inc.	8,069		130,637
The New York Times Company, Class A	3,494		107,301
Townsquare Media, Inc., Class A	517		2,383
Tremor International, Ltd. (A)	81		141
ViacomCBS, Inc., Class B	12,825		179,678
WideOpenWest, Inc. (A)	1,455		6,926
			8,663,217
Wireless telecommunication services – 0.4%
Boingo Wireless, Inc. (A)	989		10,493
Gogo, Inc. (A)(B)	2,008		4,257

 

258

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services (continued)
Shenandoah Telecommunications Company	1,051	$	51,762
Spok Holdings, Inc.	499		5,334
Sprint Corp. (A)	85,705		738,777
Telephone & Data Systems, Inc.	2,451		41,079
T-Mobile US, Inc. (A)	17,824		1,495,434
United States Cellular Corp. (A)	1,839		53,864
			2,401,000
			59,218,728
Consumer discretionary – 10.0%
Auto components – 0.1%
ADOMANI, Inc. (A)	1,883		174
American Axle & Manufacturing Holdings, Inc. (A)	2,288		8,260
Autoliv, Inc. (B)	1,825		83,968
BorgWarner, Inc.	4,323		105,352
Cooper Tire & Rubber Company	1,062		17,311
Dana, Inc.	3,021		23,594
Dorman Products, Inc. (A)	689		38,081
Fox Factory Holding Corp. (A)	808		33,936
Gentex Corp.	5,291		117,249
Gentherm, Inc. (A)	714		22,420
Horizon Global Corp. (A)	44		82
LCI Industries	524		35,019
Lear Corp.	1,262		102,538
Modine Manufacturing Company (A)	1,173		3,812
Motorcar Parts of America, Inc. (A)	476		5,988
Shiloh Industries, Inc. (A)	46		58
Standard Motor Products, Inc.	472		19,621
Stoneridge, Inc. (A)	619		10,368
Superior Industries International, Inc.	119		143
Tenneco, Inc., Class A (A)	1,001		3,604
The Goodyear Tire & Rubber Company	4,895		28,489
Veoneer, Inc. (A)	2,448		17,919
Visteon Corp. (A)	596		28,596
			706,582
Automobiles – 0.5%
Ford Motor Company	82,624		399,074
General Motors Company	29,774		618,704
Harley-Davidson, Inc. (B)	3,212		60,803
Tesla, Inc. (A)	3,758		1,969,192
Thor Industries, Inc.	1,156		48,760
Winnebago Industries, Inc.	650		18,077
			3,114,610
Distributors – 0.1%
Core-Mark Holding Company, Inc.	969		27,684
Funko, Inc., Class A (A)	1,079		4,305
Genuine Parts Company	3,024		203,606
Greenlane Holdings, Inc., Class A (A)	2,197		3,779
LKQ Corp. (A)	6,403		131,326
Pool Corp.	830		163,319
Weyco Group, Inc.	262		5,285
			539,304
Diversified consumer services – 0.2%
Adtalem Global Education, Inc. (A)	1,142		30,594
American Public Education, Inc. (A)	372		8,902
Aspen Group, Inc. (A)	226		1,806
Bright Horizons Family Solutions, Inc. (A)	1,178		120,156
Career Education Corp. (A)	1,522		16,422
Carriage Services, Inc.	454		7,332
Chegg, Inc. (A)	2,536		90,738
Collectors Universe, Inc.	234		3,667

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
frontdoor, Inc. (A)	1,769	$	61,526
Graham Holdings Company, Class B	109		37,188
Grand Canyon Education, Inc. (A)	1,010		77,048
H&R Block, Inc.	4,065		57,235
Houghton Mifflin Harcourt Company (A)	2,879		5,413
HyreCar, Inc. (A)	175		238
ITT Educational Services, Inc. (A)	608		1
K12, Inc. (A)	857		16,163
Laureate Education, Inc., Class A  (A)	4,608		48,430
Lincoln Educational Services Corp. (A)	112		246
Regis Corp. (A)	845		4,994
Select Interior Concepts, Inc., Class A (A)	642		1,329
Service Corp. International	3,858		150,886
ServiceMaster Global Holdings, Inc. (A)	2,846		76,842
StoneMor, Inc. (A)	517		538
Strategic Education, Inc.	459		64,150
Universal Technical Institute, Inc. (A)	423		2,517
WW International, Inc. (A)	1,417		23,961
			908,322
Hotels, restaurants and leisure – 1.6%
Ambassadors Group, Inc. (A)(C)	714		29
Aramark	5,209		104,024
BBX Capital Corp.	2,172		5,017
Biglari Holdings, Inc., Class B (A)	58		2,981
BJ's Restaurants, Inc.	418		5,806
Bloomin' Brands, Inc.	1,832		13,080
Bluegreen Vacations Corp.	1,663		9,612
Boyd Gaming Corp.	2,333		33,642
Brinker International, Inc.	773		9,284
Caesars Entertainment Corp. (A)	14,213		96,080
Carnival Corp. (B)	10,991		144,751
Carrols Restaurant Group, Inc. (A)	1,021		1,858
Cedar Fair LP	1,175		21,550
Century Casinos, Inc. (A)	691		1,665
Chipotle Mexican Grill, Inc. (A)	579		378,898
Choice Hotels International, Inc. (B)	1,159		70,989
Churchill Downs, Inc.	830		85,449
Chuy's Holdings, Inc. (A)	395		3,978
Cracker Barrel Old Country Store, Inc. (B)	499		41,527
Darden Restaurants, Inc.	2,554		139,091
Dave & Buster's Entertainment, Inc. (B)	654		8,554
Denny's Corp. (A)	1,245		9,562
Dine Brands Global, Inc.	348		9,981
Domino's Pizza, Inc.	852		276,108
Drive Shack, Inc. (A)	1,927		2,929
Dunkin' Brands Group, Inc.	1,727		91,704
El Pollo Loco Holdings, Inc. (A)	824		6,963
Everi Holdings, Inc. (A)	1,749		5,772
Extended Stay America, Inc.	3,946		28,845
Fiesta Restaurant Group, Inc. (A)	709		2,857
Golden Entertainment, Inc. (A)	617		4,078
Hilton Grand Vacations, Inc.  (A)	1,803		28,433
Hilton Worldwide Holdings, Inc.	5,871		400,637
Hyatt Hotels Corp., Class A (B)	2,138		102,410
Jack in the Box, Inc.	490		17,175
Kura Sushi USA, Inc., Class A (A)	52		622
Las Vegas Sands Corp.	16,014		680,115
Marriott International, Inc., Class A	6,810		509,456
Marriott Vacations Worldwide Corp.	878		48,799
McDonald's Corp.	15,690		2,594,342
MGM Resorts International	10,767		127,051
Monarch Casino & Resort, Inc. (A)	382		10,723
Nathan's Famous, Inc.	100		6,100

 

259

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Noodles & Company (A)	1,045	$	4,922
Norwegian Cruise Line Holdings, Ltd. (A)	4,439		48,651
Papa John's International, Inc.	670		35,758
Penn National Gaming, Inc. (A)	2,435		30,803
Planet Fitness, Inc., Class A (A)	1,884		91,751
PlayAGS, Inc. (A)	812		2,152
Potbelly Corp. (A)	229		708
RCI Hospitality Holdings, Inc.	238		2,373
Red Lion Hotels Corp. (A)	182		266
Red Robin Gourmet Burgers, Inc. (A)	308		2,624
Red Rock Resorts, Inc., Class A	2,475		21,161
Restaurant Brands International LP	82		3,264
Royal Caribbean Cruises, Ltd. (B)	4,371		140,615
Ruth's Hospitality Group, Inc.	679		4,536
Scientific Games Corp. (A)	1,986		19,264
SeaWorld Entertainment, Inc. (A)	1,657		18,260
Shake Shack, Inc., Class A (A)	792		29,890
Six Flags Entertainment Corp.	1,773		22,233
Starbucks Corp.	24,617		1,618,322
Target Hospitality Corp. (A)	2,412		4,800
Texas Roadhouse, Inc. (B)	1,460		60,298
The Cheesecake Factory, Inc.	940		16,055
The Wendy's Company	4,817		71,677
Town Sports International Holdings, Inc. (A)	257		129
Twin River Worldwide Holdings, Inc.	719		9,354
Vail Resorts, Inc.	837		123,633
Wingstop, Inc.	618		49,255
Wyndham Destinations, Inc.	1,894		41,100
Wyndham Hotels & Resorts, Inc.	1,985		62,547
Wynn Resorts, Ltd.	2,242		134,946
Yum! Brands, Inc.	6,301		431,808
			9,245,682
Household durables – 0.3%
Bassett Furniture Industries, Inc.	298		1,624
Beazer Homes USA, Inc. (A)	757		4,875
Cavco Industries, Inc. (A)	196		28,408
Century Communities, Inc. (A)	679		9,852
D.R. Horton, Inc.	7,677		261,018
Ethan Allen Interiors, Inc.	592		6,050
Flexsteel Industries, Inc.	230		2,521
GoPro, Inc., Class A (A)	3,474		9,102
Green Brick Partners, Inc. (A)	1,182		9,515
Hamilton Beach Brands Holding Company, Class A	354		3,367
Hamilton Beach Brands Holding Company, Class B	241		2,292
Helen of Troy, Ltd. (A)	524		75,472
Hooker Furniture Corp.	271		4,230
Hovnanian Enterprises, Inc., Class A (A)	148		1,220
Installed Building Products, Inc. (A)	636		25,357
iRobot Corp. (A)(B)	605		24,745
KB Home	1,848		33,449
La-Z-Boy, Inc.	986		20,262
Legacy Housing Corp. (A)	580		5,365
Leggett & Platt, Inc.	2,764		73,744
Lennar Corp., A Shares	6,511		248,720
Lennar Corp., B Shares	159		4,598
M/I Homes, Inc. (A)	609		10,067
MDC Holdings, Inc.	1,315		30,508
Meritage Homes Corp. (A)	797		29,098
Mohawk Group Holdings, Inc. (A)	155		253
Mohawk Industries, Inc. (A)	1,494		113,903
Newell Brands, Inc.	8,877		117,887

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
NVR, Inc. (A)	70	$	179,838
PulteGroup, Inc.	5,599		124,970
Purple Innovation, Inc. (A)	922		5,237
Skyline Champion Corp. (A)	1,218		19,098
Sonos, Inc. (A)	2,332		19,775
Taylor Morrison Home Corp. (A)	2,853		31,383
Tempur Sealy International, Inc. (A)	1,134		49,567
The Lovesac Company (A)	354		2,064
Toll Brothers, Inc.	2,919		56,191
TopBuild Corp. (A)	712		51,008
TRI Pointe Group, Inc. (A)	2,906		25,486
Tupperware Brands Corp.	1,115		1,806
Turtle Beach Corp. (A)	120		749
Universal Electronics, Inc. (A)	312		11,971
VOXX International Corp. (A)	1,072		3,055
Whirlpool Corp.	1,309		112,312
ZAGG, Inc. (A)	742		2,308
			1,854,320
Internet and direct marketing retail – 4.0%
1-800-Flowers.com, Inc., Class A (A)	1,394		18,443
Amazon.com, Inc. (A)	10,334		20,148,406
Booking Holdings, Inc. (A)	872		1,173,119
Chewy, Inc., Class A (A)	8,325		312,104
Duluth Holdings, Inc., Class B (A)	700		2,807
eBay, Inc.	16,954		509,637
Etsy, Inc. (A)	2,479		95,293
Expedia Group, Inc.	3,022		170,048
Groupon, Inc. (A)	12,493		12,246
GrubHub, Inc. (A)	1,918		78,120
Lands' End, Inc. (A)	743		3,968
Leaf Group, Ltd. (A)	311		417
Liquidity Services, Inc. (A)	965		3,744
Overstock.com, Inc. (A)	682		3,403
PetMed Express, Inc.	456		13,124
Quotient Technology, Inc. (A)	1,851		12,032
Qurate Retail, Inc., Series A (A)(B)	8,746		53,394
Revolve Group, Inc. (A)(B)	1,471		12,709
Shutterstock, Inc.	747		24,024
Stamps.com, Inc. (A)	358		46,569
Stitch Fix, Inc., Class A (A)(B)	2,150		27,305
The RealReal, Inc. (A)	1,823		12,779
The Rubicon Project, Inc. (A)	1,160		6,438
US Auto Parts Network, Inc. (A)	189		331
Wayfair, Inc., Class A (A)	1,949		104,155
			22,844,615
Leisure products – 0.1%
Acushnet Holdings Corp.	1,579		40,612
American Outdoor Brands Corp. (A)	1,231		10,217
Brunswick Corp.	1,705		60,306
Callaway Golf Company	1,981		20,246
Clarus Corp.	524		5,135
Escalade, Inc.	418		2,487
Hasbro, Inc.	2,777		198,694
Johnson Outdoors, Inc., Class A	217		13,606
Malibu Boats, Inc., Class A (A)	437		12,581
Marine Products Corp.	742		5,995
MasterCraft Boat Holdings, Inc. (A)	441		3,219
Mattel, Inc. (A)	7,297		64,287
Nautilus, Inc. (A)	464		1,211
Peloton Interactive, Inc., Class A (A)	5,844		155,158
Polaris, Inc.	1,274		61,343
Sturm Ruger & Company, Inc.	342		17,411
Vista Outdoor, Inc. (A)	1,284		11,299

 

260

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
YETI Holdings, Inc. (A)(B)	1,811	$	35,351
			719,158
Multiline retail – 0.4%
Big Lots, Inc.	827		11,760
Dillard's, Inc., Class A (B)	529		19,547
Dollar General Corp.	5,303		800,806
Dollar Tree, Inc. (A)	4,939		362,868
J.C. Penney Company, Inc. (A)	8,472		3,050
Kohl's Corp.	3,271		47,724
Macy's, Inc. (B)	6,460		31,719
Nordstrom, Inc. (B)	3,244		49,763
Ollie's Bargain Outlet Holdings, Inc. (A)(B)	1,336		61,910
Target Corp.	10,561		981,856
Tuesday Morning Corp. (A)	474		273
			2,371,276
Specialty retail – 2.0%
Aaron's, Inc.	1,414		32,211
Abercrombie & Fitch Company, Class A	1,358		12,344
Advance Auto Parts, Inc.	1,444		134,754
American Eagle Outfitters, Inc.	3,537		28,119
America's Car-Mart, Inc. (A)	119		6,706
Asbury Automotive Group, Inc. (A)	403		22,258
Ascena Retail Group, Inc. (A)	104		145
At Home Group, Inc. (A)	1,302		2,630
AutoNation, Inc. (A)	1,864		52,304
AutoZone, Inc. (A)	496		419,616
Barnes & Noble Education, Inc. (A)	1,248		1,697
Bed Bath & Beyond, Inc. (B)	2,718		11,443
Best Buy Company, Inc.	5,394		307,458
Blink Charging Company (A)	102		176
Boot Barn Holdings, Inc. (A)	611		7,900
Build-A-Bear Workshop, Inc. (A)	44		63
Burlington Stores, Inc. (A)	1,379		218,516
Caleres, Inc.	889		4,623
Camping World Holdings, Inc., Class A	1,893		10,771
CarMax, Inc. (A)	3,427		184,475
Carvana Company (A)(B)	3,163		174,250
Chico's FAS, Inc.	2,691		3,471
Citi Trends, Inc.	286		2,545
Conn's, Inc. (A)	510		2,132
Designer Brands, Inc., Class A	1,564		7,789
Dick's Sporting Goods, Inc.	1,834		38,991
Express, Inc. (A)	1,680		2,503
Five Below, Inc. (A)	1,162		81,782
Floor & Decor Holdings, Inc., Class A (A)	2,115		67,870
Foot Locker, Inc.	2,231		49,194
GameStop Corp., Class A (A)(B)	1,509		5,282
Genesco, Inc. (A)	319		4,255
GNC Holdings, Inc., Class A (A)	1,564		732
Group 1 Automotive, Inc.	389		17,217
Guess?, Inc.	1,387		9,390
Haverty Furniture Companies, Inc.	468		5,565
Hibbett Sports, Inc. (A)	399		4,363
Hudson, Ltd., Class A (A)	2,006		10,070
L Brands, Inc.	5,775		66,759
Lithia Motors, Inc., Class A	485		39,668
LMP Automotive Holdings, Inc. (A)	97		538
Lowe's Companies, Inc.	15,973		1,374,477
Lumber Liquidators Holdings, Inc. (A)	701		3,288
MarineMax, Inc. (A)	503		5,241
Monro, Inc.	705		30,886
Murphy USA, Inc. (A)	643		54,243
National Vision Holdings, Inc. (A)	1,673		32,490

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Office Depot, Inc.	11,794	$	19,342
O'Reilly Automotive, Inc. (A)	1,575		474,154
Party City Holdco, Inc. (A)	1,740		797
Penske Automotive Group, Inc.	1,711		47,908
Rent-A-Center, Inc.	1,196		16,911
RH (A)	398		39,987
Ross Stores, Inc.	7,537		655,493
Sally Beauty Holdings, Inc. (A)	2,432		19,651
Shoe Carnival, Inc.	302		6,273
Signet Jewelers, Ltd.	1,125		7,256
Sleep Number Corp. (A)	608		11,649
Sonic Automotive, Inc., Class A	881		11,700
Sportsman's Warehouse Holdings, Inc. (A)	611		3,764
Tailored Brands, Inc. (B)	869		1,512
The Buckle, Inc.	978		13,408
The Cato Corp., Class A	560		5,975
The Children's Place, Inc.	330		6,455
The Container Store Group, Inc. (A)	658		1,553
The Gap, Inc.	7,796		54,884
The Home Depot, Inc.	22,732		4,244,292
The Michaels Companies, Inc. (A)	2,772		4,491
The TJX Companies, Inc.	25,067		1,198,453
Tiffany & Company	2,499		323,621
Tilly's, Inc., Class A	701		2,895
Tractor Supply Company	2,466		208,500
TravelCenters of America, Inc. (A)	95		929
Ulta Beauty, Inc. (A)	1,192		209,434
Urban Outfitters, Inc. (A)	2,057		29,292
Williams-Sonoma, Inc.	1,610		68,457
Winmark Corp.	75		9,557
Zumiez, Inc. (A)	551		9,543
			11,261,336
Textiles, apparel and luxury goods – 0.7%
Carter's, Inc.	916		60,209
Centric Brands, Inc. (A)	1,544		1,729
Columbia Sportswear Company	1,400		97,678
Crocs, Inc. (A)	1,447		24,585
Culp, Inc.	350		2,576
Deckers Outdoor Corp. (A)	583		78,122
Fossil Group, Inc. (A)	1,160		3,816
G-III Apparel Group, Ltd. (A)	1,025		7,893
Hanesbrands, Inc.	7,542		59,356
Kontoor Brands, Inc.	1,195		22,908
Levi Strauss & Company, Class A	8,237		102,386
Movado Group, Inc.	510		6,028
NIKE, Inc., Class B	32,531		2,691,615
Oxford Industries, Inc.	352		12,764
PVH Corp.	1,528		57,514
Ralph Lauren Corp.	1,559		104,188
Rocky Brands, Inc.	193		3,735
Skechers U.S.A., Inc., Class A (A)	3,277		77,796
Steven Madden, Ltd.	1,769		41,094
Superior Group of Companies, Inc.	407		3,443
Tapestry, Inc.	5,765		74,657
Under Armour, Inc., Class A (A)	9,445		86,988
Unifi, Inc. (A)	438		5,059
Vera Bradley, Inc. (A)	773		3,185
VF Corp.	8,326		450,270
Vince Holding Corp. (A)	138		535
Wolverine World Wide, Inc.	1,702		25,870
			4,105,999
			57,671,204
Consumer staples – 7.7%

 

261

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages – 1.8%
Brown-Forman Corp., Class B	9,964	$	553,102
Celsius Holdings, Inc. (A)	1,510		6,357
Coca-Cola Consolidated, Inc.	196		40,872
Constellation Brands, Inc., Class A	3,993		572,436
Craft Brew Alliance, Inc. (A)	449		6,690
Crimson Wine Group, Ltd. (A)	725		4,238
Eastside Distilling, Inc. (A)	137		159
Keurig Dr. Pepper, Inc.	29,319		711,572
MGP Ingredients, Inc.	345		9,277
Molson Coors Beverage Company, Class B	4,515		176,130
Monster Beverage Corp. (A)	11,209		630,618
National Beverage Corp. (A)	995		42,437
New Age Beverages Corp. (A)	1,610		2,238
PepsiCo, Inc.	29,049		3,488,785
Primo Water Corp.	546		4,948
Reed's, Inc. (A)	695		330
The Boston Beer Company, Inc., Class A (A)	251		92,258
The Coca-Cola Company	89,283		3,950,773
			10,293,220
Food and staples retailing – 2.0%
BJ's Wholesale Club Holdings, Inc. (A)	2,868		73,048
Casey's General Stores, Inc.	729		96,585
Costco Wholesale Corp.	9,204		2,624,337
Grocery Outlet Holding Corp. (A)	1,883		64,662
HF Foods Group, Inc. (A)(B)	1,021		8,566
Ingles Markets, Inc., Class A	443		16,019
Natural Grocers by Vitamin Cottage, Inc.	601		5,115
Performance Food Group Company (A)	2,332		57,647
PriceSmart, Inc.	644		33,842
Rite Aid Corp. (A)(B)	1,197		17,955
SpartanNash Company	869		12,444
Sprouts Farmers Market, Inc. (A)	2,519		46,828
Sysco Corp.	10,623		484,727
The Andersons, Inc.	755		14,156
The Chefs' Warehouse, Inc. (A)	665		6,697
The Kroger Company	16,736		504,088
United Natural Foods, Inc. (A)	1,210		11,108
US Foods Holding Corp. (A)	4,564		80,828
Village Super Market, Inc., Class A	374		9,193
Walgreens Boots Alliance, Inc.	18,608		851,316
Walmart, Inc.	59,120		6,717,214
Weis Markets, Inc.	558		23,246
			11,759,621
Food products – 1.4%
Alico, Inc.	195		6,053
Archer-Daniels-Midland Company	11,617		408,686
B&G Foods, Inc. (B)	1,345		24,331
Beyond Meat, Inc. (A)(B)	1,287		85,714
Bunge, Ltd.	2,963		121,572
Calavo Growers, Inc.	372		21,461
Cal-Maine Foods, Inc.	1,034		45,475
Campbell Soup Company	6,277		289,746
Conagra Brands, Inc.	10,155		297,948
Darling Ingredients, Inc. (A)	3,439		65,926
Farmer Brothers Company (A)	458		3,188
Flowers Foods, Inc.	4,400		90,288
Fresh Del Monte Produce, Inc.	1,036		28,604
Freshpet, Inc. (A)	763		48,733
General Mills, Inc.	12,583		664,005
Hormel Foods Corp.	11,132		519,196
Hostess Brands, Inc. (A)	2,739		29,198
Ingredion, Inc.	1,389		104,870
J&J Snack Foods Corp.	393		47,553

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
John B. Sanfilippo & Son, Inc.	247	$	22,082
Kellogg Company	7,101		425,989
Lamb Weston Holdings, Inc.	3,040		173,584
Lancaster Colony Corp.	572		82,734
Landec Corp. (A)	729		6,335
Limoneira Company	402		5,266
McCormick & Company, Inc.	2,763		390,163
Mondelez International, Inc., Class A	30,005		1,502,650
Pilgrim's Pride Corp. (A)	5,222		94,623
Post Holdings, Inc. (A)	1,474		122,298
RiceBran Technologies (A)	840		840
Sanderson Farms, Inc.	465		57,344
Seaboard Corp.	24		67,507
Seneca Foods Corp., Class A (A)	231		9,189
The Hain Celestial Group, Inc. (A)	2,206		57,290
The Hershey Company	4,347		575,978
The J.M. Smucker Company	2,370		263,070
The Kraft Heinz Company	25,478		630,326
The Simply Good Foods Company (A)	1,921		36,998
Tootsie Roll Industries, Inc. (B)	1,437		51,669
TreeHouse Foods, Inc. (A)	1,183		52,229
Tyson Foods, Inc., Class A	7,610		440,391
			7,971,102
Household products – 1.5%
Central Garden & Pet Company, Class A (A)	1,200		30,684
Church & Dwight Company, Inc.	5,105		327,639
Colgate-Palmolive Company	17,861		1,185,256
Energizer Holdings, Inc. (B)	1,450		43,863
Kimberly-Clark Corp.	7,137		912,608
Oil-Dri Corp. of America	183		6,120
Spectrum Brands Holdings, Inc.	1,030		37,461
The Clorox Company	2,606		451,490
The Procter & Gamble Company	51,968		5,716,480
WD-40 Company	246		49,409
			8,761,010
Personal products – 0.3%
BellRing Brands, Inc. Class A (A)	593		10,111
Coty, Inc., Class A	15,881		81,946
Edgewell Personal Care Company (A)	1,170		28,174
elf Beauty, Inc. (A)	1,098		10,804
Herbalife Nutrition, Ltd. (A)	3,084		89,929
Inter Parfums, Inc.	645		29,896
Lifevantage Corp. (A)	377		3,883
Medifast, Inc.	247		15,438
Nature's Sunshine Products, Inc. (A)	585		4,756
Nu Skin Enterprises, Inc., Class A	1,184		25,870
Revlon, Inc., Class A (A)(B)	1,150		12,570
The Estee Lauder Companies, Inc., Class A	7,500		1,195,050
USANA Health Sciences, Inc. (A)	464		26,801
Veru, Inc. (A)	1,088		3,558
Youngevity International, Inc. (A)(B)	349		244
			1,539,030
Tobacco – 0.7%
22nd Century Group, Inc. (A)	3,359		2,519
Altria Group, Inc.	38,952		1,506,274
Philip Morris International, Inc.	32,433		2,366,312
Turning Point Brands, Inc.	443		9,352
Universal Corp.	529		23,387
Vector Group, Ltd.	3,163		29,795
			3,937,639
			44,261,622

 

262

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy – 2.7%
Energy equipment and services – 0.2%
Apergy Corp. (A)(B)	1,683	$	9,677
Archrock, Inc.	3,041		11,434
Aspen Aerogels, Inc. (A)	761		4,673
Baker Hughes Company	20,943		219,902
Cactus, Inc., Class A	1,614		18,722
Covia Holdings Corp. (A)	3,030		1,731
CSI Compressco LP	223		145
Diamond Offshore Drilling, Inc. (A)(B)	3,110		5,691
DMC Global, Inc.	314		7,225
Dril-Quip, Inc. (A)	797		24,309
Era Group, Inc. (A)	603		3,214
Exterran Corp. (A)	904		4,339
Forum Energy Technologies, Inc. (A)	1,711		303
FTS International, Inc. (A)	1,777		396
Geospace Technologies Corp. (A)	366		2,342
Halliburton Company	18,380		125,903
Helix Energy Solutions Group, Inc. (A)	3,143		5,155
Helmerich & Payne, Inc.	2,298		35,964
Hi-Crush, Inc. (A)	2,374		558
ION Geophysical Corp. (A)	211		268
KLX Energy Services Holdings, Inc. (A)	306		214
Liberty Oilfield Services, Inc., Class A	2,453		6,599
Mammoth Energy Services, Inc.	623		467
Matrix Service Company (A)	663		6,279
Nabors Industries, Ltd.	9,653		3,766
National Energy Services Reunited Corp. (A)	1,945		9,881
National Oilwell Varco, Inc.	8,165		80,262
NCS Multistage Holdings, Inc. (A)	370		237
Newpark Resources, Inc. (A)	2,201		1,974
NexTier Oilfield Solutions, Inc. (A)	4,501		5,266
Nine Energy Service, Inc. (A)	818		661
Oceaneering International, Inc. (A)	2,236		6,574
Oil States International, Inc. (A)	1,360		2,761
Parker Drilling Company (A)	117		992
Patterson-UTI Energy, Inc.	4,413		10,371
ProPetro Holding Corp. (A)	1,939		4,848
Ranger Energy Services, Inc. (A)	120		487
RigNet, Inc. (A)	213		383
RPC, Inc.	4,420		9,105
Schlumberger, Ltd.	28,930		390,266
SEACOR Holdings, Inc. (A)	468		12,617
SEACOR Marine Holdings, Inc. (A)	576		2,523
Select Energy Services, Inc., Class A (A)	2,472		7,985
Smart Sand, Inc. (A)	637		662
Solaris Oilfield Infrastructure, Inc., Class A	1,111		5,833
Superior Energy Services, Inc. (A)	421		619
TETRA Technologies, Inc. (A)	3,291		1,053
Tidewater, Inc. (A)	820		5,806
USA Compression Partners LP	2,120		11,999
			1,072,441
Oil, gas and consumable fuels – 2.5%
Adams Resources & Energy, Inc.	159		3,737
Alliance Resource Partners LP	2,793		8,658
Amplify Energy Corp.	691		391
Antero Midstream Corp. (B)	10,691		22,451
Antero Resources Corp. (A)	6,209		4,426
Apache Corp.	7,916		33,089
Arch Coal, Inc., Class A	279		8,063
Black Stone Minerals LP	4,779		22,366
Blueknight Energy Partners LP	187		172
Bonanza Creek Energy, Inc. (A)	234		2,633
BP Midstream Partners LP	1,216		11,321

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Brigham Minerals, Inc., Class A	1,168	$	9,659
Cabot Oil & Gas Corp.	8,583		147,542
California Resources Corp. (A)(B)	1,117		1,117
Callon Petroleum Company (A)	7,487		4,102
Calumet Specialty Products Partners LP (A)	1,998		2,098
Centennial Resource Development, Inc., Class A (A)	5,329		1,402
Centrus Energy Corp., Class A (A)	81		411
Cheniere Energy, Inc. (A)	5,328		178,488
Chesapeake Energy Corp. (A)	39,408		6,806
Chevron Corp.	39,426		2,856,808
Cimarex Energy Company	2,170		36,521
Clean Energy Fuels Corp. (A)	4,677		8,325
CNX Midstream Partners LP	1,424		11,534
CNX Resources Corp. (A)	3,713		19,753
Comstock Resources, Inc. (A)(B)	3,787		20,412
Concho Resources, Inc.	4,205		180,184
ConocoPhillips	22,906		705,505
CONSOL Coal Resources LP	430		2,451
CONSOL Energy, Inc. (A)	499		1,841
Contango Oil & Gas Company (A)	2,538		3,807
Continental Resources, Inc. (B)	7,817		59,722
Contura Energy, Inc. (A)	390		917
Crestwood Equity Partners LP	1,581		6,688
CrossAmerica Partners LP	693		5,586
DCP Midstream LP	3,986		16,223
Delek Logistics Partners LP	486		4,423
Delek US Holdings, Inc.	1,558		24,554
Denbury Resources, Inc. (A)	9,208		1,700
Devon Energy Corp.	8,114		56,068
Diamond S Shipping, Inc. (A)	946		11,172
Diamondback Energy, Inc.	3,361		88,058
Dorchester Minerals LP	821		7,644
Dorian LPG, Ltd. (A)	943		8,214
Enable Midstream Partners LP	9,301		23,904
Energy Transfer LP	56,045		257,807
EnLink Midstream LLC (A)	10,548		11,603
Enterprise Products Partners LP	45,667		653,038
Enviva Partners LP	728		19,452
EOG Resources, Inc.	12,155		436,608
EQM Midstream Partners LP	4,366		51,519
EQT Corp.	5,432		38,404
Equitrans Midstream Corp.	5,397		27,147
Evolution Petroleum Corp.	1,062		2,772
Extraction Oil & Gas, Inc. (A)	2,891		1,220
Exxon Mobil Corp.	88,227		3,349,979
Foresight Energy LP (A)	5,570		94
Genesis Energy LP	2,697		10,572
Global Partners LP	828		7,303
Green Plains Partners LP	503		3,340
Green Plains, Inc.	849		4,118
Gulfport Energy Corp. (A)	2,308		1,026
Hallador Energy Company	615		584
Harvest Natural Resources, Inc. (A)(C)	270		0
Hess Corp.	6,386		212,654
Hess Midstream LP, Class A	701		7,122
HighPoint Resources Corp. (A)	3,996		759
Holly Energy Partners LP	2,242		31,455
HollyFrontier Corp.	3,388		83,040
Kimbell Royalty Partners LP	1,094		6,378
Kinder Morgan, Inc.	47,271		658,012
Laredo Petroleum, Inc. (A)	4,273		1,623
Lilis Energy, Inc. (A)	797		138
LinnCo LLC (A)(C)	2,890		125

 

263

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Magellan Midstream Partners LP	4,758	$	173,619
Magnolia Oil & Gas Corp., Class A (A)	5,625		22,500
Marathon Oil Corp.	16,893		55,578
Marathon Petroleum Corp.	13,550		320,051
Martin Midstream Partners LP	1,127		1,240
Matador Resources Company (A)	2,421		6,004
Montage Resources Corp. (A)	565		1,271
MPLX LP	22,110		256,918
Murphy Oil Corp.	3,357		20,578
NACCO Industries, Inc., Class A	187		5,232
Natural Resource Partners LP	290		3,538
New Fortress Energy LLC (A)(B)	3,618		35,420
Noble Energy, Inc.	10,081		60,889
Noble Midstream Partners LP	1,668		5,838
Northern Oil and Gas, Inc. (A)	7,653		5,075
NuStar Energy LP	2,314		19,877
Oasis Midstream Partners LP	640		3,168
Oasis Petroleum, Inc. (A)	6,234		2,182
Occidental Petroleum Corp. (B)	18,678		216,291
ONEOK, Inc.	8,642		188,482
Overseas Shipholding Group, Inc., Class A (A)	1,005		2,281
Panhandle Oil and Gas, Inc., Class A	460		1,697
Parsley Energy, Inc., Class A	7,905		45,296
PBF Energy, Inc., Class A	2,549		18,047
PBF Logistics LP	1,384		9,356
PDC Energy, Inc. (A)	2,080		12,917
Peabody Energy Corp.	2,003		5,809
Penn Virginia Corp. (A)	209		646
Phillips 66	9,272		497,443
Phillips 66 Partners LP	4,581		166,886
Pioneer Natural Resources Company	3,463		242,929
Plains All American Pipeline LP	15,252		80,531
Plains GP Holdings LP, Class A (A)	3,615		20,280
QEP Resources, Inc.	4,939		1,652
Range Resources Corp. (B)	5,163		11,772
Rattler Midstream LP	2,920		10,162
Renewable Energy Group, Inc. (A)	765		15,705
REX American Resources Corp. (A)	157		7,302
SandRidge Energy, Inc. (A)	76		68
SFL Corp., Ltd.	2,278		21,573
Shell Midstream Partners LP	4,939		49,291
SM Energy Company	2,203		2,688
Southwestern Energy Company (A)	10,456		17,671
Sprague Resources LP	617		8,070
Summit Midstream Partners LP	1,801		1,099
Sunoco LP	2,114		33,063
Tallgrass Energy LP, Class A	5,905		97,196
Talos Energy, Inc. (A)	1,089		6,262
Targa Resources Corp.	4,895		33,824
TC PipeLines LP	1,530		42,044
Teekay Corp. (A)	2,383		7,490
Tellurian, Inc. (A)(B)	5,218		4,717
The Williams Companies, Inc.	25,344		358,618
Torchlight Energy Resources, Inc. (A)	1,067		419
Ultra Petroleum Corp. (A)	5,375		376
Unit Corp. (A)	288		75
Uranium Energy Corp. (A)	5,616		3,145
USD Partners LP	760		2,189
VAALCO Energy, Inc. (A)	451		407
Valero Energy Corp.	8,569		388,690
Viper Energy Partners LP	3,095		20,520
W&T Offshore, Inc. (A)	3,249		5,523
Western Midstream Partners LP	9,539		30,906
Westwater Resources, Inc. (A)	290		280

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Whiting Petroleum Corp. (A)(B)	1,848	$	1,239
World Fuel Services Corp.	1,400		35,252
WPX Energy, Inc. (A)	8,802		26,846
			14,262,841
			15,335,282
Financials – 11.2%
Banks – 4.1%
1st Source Corp.	559		18,128
Allegiance Bancshares, Inc.	511		12,320
Amerant Bancorp, Inc. (A)	977		15,036
American National Bankshares, Inc.	218		5,210
Ameris Bancorp	1,477		35,094
Ames National Corp.	260		5,317
Arrow Financial Corp.	418		11,650
Associated Banc-Corp.	3,371		43,115
Atlantic Union Bankshares Corp.	1,721		37,690
Banc of California, Inc.	1,198		9,584
BancFirst Corp.	701		23,392
BancorpSouth Bank	2,204		41,700
Bank of America Corp.	187,505		3,980,731
Bank of Hawaii Corp.	724		39,994
Bank of Marin Bancorp	328		9,840
Bank OZK	2,740		45,758
BankFinancial Corp.	481		4,238
BankUnited, Inc.	1,987		37,157
Bankwell Financial Group, Inc.	211		3,220
Banner Corp.	760		25,110
Bar Harbor Bankshares	435		7,517
Baycom Corp. (A)	336		4,049
BCB Bancorp, Inc.	577		6,145
Berkshire Hills Bancorp, Inc.	1,082		16,079
BOK Financial Corp.	1,468		62,478
Boston Private Financial Holdings, Inc.	1,849		13,220
Bridge Bancorp, Inc.	524		11,088
Brookline Bancorp, Inc.	1,813		20,451
Bryn Mawr Bank Corp.	470		13,339
Business First Bancshares, Inc.	293		3,956
Byline Bancorp, Inc.	825		8,555
C&F Financial Corp.	106		4,229
Cadence BanCorp	2,753		18,032
Cambridge Bancorp	93		4,836
Camden National Corp.	400		12,580
Capital City Bank Group, Inc.	465		9,356
Capstar Financial Holdings, Inc.	374		3,699
Cathay General Bancorp	1,668		38,281
CBTX, Inc.	597		10,609
CenterState Bank Corp.	2,659		45,815
Central Pacific Financial Corp.	579		9,206
Central Valley Community Bancorp	357		4,655
Century Bancorp, Inc., Class A	144		8,963
Chemung Financial Corp.	161		5,310
CIT Group, Inc.	1,914		33,036
Citigroup, Inc.	45,500		1,916,460
Citizens & Northern Corp.	324		6,480
Citizens Financial Group, Inc.	9,069		170,588
City Holding Company	404		26,878
Civista Bancshares, Inc.	342		5,116
CNB Financial Corp.	426		8,039
Codorus Valley Bancorp, Inc.	267		4,299
Columbia Banking System, Inc.	1,531		41,031
Comerica, Inc.	3,016		88,489
Commerce Bancshares, Inc.	2,031		102,261
Community Bank System, Inc.	1,081		63,563
Community Trust Bancorp, Inc.	310		9,855
ConnectOne Bancorp, Inc.	882		11,854

 

264

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
County Bancorp, Inc.	219	$	4,052
CrossFirst Bankshares, Inc. (A)	287		2,411
Cullen/Frost Bankers, Inc.	1,317		73,475
Customers Bancorp, Inc. (A)	739		8,077
CVB Financial Corp.	2,957		59,288
Dime Community Bancshares, Inc.	619		8,486
Eagle Bancorp, Inc.	716		21,630
East West Bancorp, Inc.	3,057		78,687
Enterprise Bancorp, Inc.	327		8,826
Enterprise Financial Services Corp.	619		17,276
Equity Bancshares, Inc., Class A (A)	331		5,710
Esquire Financial Holdings, Inc. (A)	291		4,380
Farmers & Merchants Bancorp, Inc.	233		6,037
FB Financial Corp.	613		12,088
Fidelity D&D Bancorp, Inc.	112		5,714
Fifth Third Bancorp	14,811		219,943
Financial Institutions, Inc.	417		7,564
First Bancorp (NC)	687		15,856
First Bancorp (PR)	3,172		16,875
First Bancorp, Inc.	302		6,644
First Busey Corp.	1,265		21,644
First Choice Bancorp	327		4,908
First Citizens BancShares, Inc., Class A	170		56,588
First Commonwealth Financial Corp.	2,106		19,249
First Community Bankshares, Inc.	247		5,755
First Financial Bancorp	2,135		31,833
First Financial Bankshares, Inc.	2,882		77,353
First Financial Corp.	338		11,397
First Financial Northwest, Inc.	388		3,896
First Hawaiian, Inc.	2,736		45,226
First Horizon National Corp.	6,532		52,648
First Internet Bancorp	224		3,678
First Interstate BancSystem, Inc., Class A	1,351		38,963
First Merchants Corp.	1,185		31,391
First Midwest Bancorp, Inc.	2,364		31,288
First Republic Bank	3,501		288,062
Flushing Financial Corp.	465		6,212
FNB Corp.	6,885		50,742
Franklin Financial Network, Inc.	364		7,422
Fulton Financial Corp.	3,475		39,928
FVCBankcorp, Inc. (A)	432		5,754
German American Bancorp, Inc.	635		17,431
Glacier Bancorp, Inc.	1,839		62,535
Great Southern Bancorp, Inc.	369		14,908
Great Western Bancorp, Inc.	1,212		24,822
Guaranty Bancshares, Inc.	253		5,854
Hancock Whitney Corp.	1,856		36,229
Hanmi Financial Corp.	645		6,998
HarborOne Bancorp, Inc. (A)	1,624		12,229
Heartland Financial USA, Inc.	779		23,526
Heritage Commerce Corp.	1,034		7,931
Heritage Financial Corp.	813		16,260
Hilltop Holdings, Inc.	1,959		29,620
Home BancShares, Inc.	3,528		42,301
Hope Bancorp, Inc.	2,740		22,523
Horizon Bancorp, Inc.	951		9,377
Huntington Bancshares, Inc.	21,618		177,484
IBERIABANK Corp.	1,105		39,957
Independent Bank Corp. (Massachusetts)	730		46,990
Independent Bank Corp. (Michigan)	561		7,220
Independent Bank Group, Inc.	910		21,549
International Bancshares Corp.	1,391		37,390
Investar Holding Corp.	319		4,074
Investors Bancorp, Inc.	5,218		41,692

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
JPMorgan Chase & Co.	65,361	$	5,884,451
KeyCorp	20,536		212,958
Lakeland Bancorp, Inc.	1,308		14,139
Lakeland Financial Corp.	529		19,441
Live Oak Bancshares, Inc.	1,032		12,869
M&T Bank Corp.	2,745		283,915
Macatawa Bank Corp.	926		6,593
Mercantile Bank Corp.	434		9,188
Metropolitan Bank Holding Corp. (A)	184		4,955
Midland States Bancorp, Inc.	539		9,427
MidWestOne Financial Group, Inc.	336		7,036
MutualFirst Financial, Inc.	193		5,443
MVB Financial Corp.	370		4,718
National Bank Holdings Corp., Class A	721		17,232
National Bankshares, Inc.	188		5,997
NBT Bancorp, Inc.	932		30,187
Northrim BanCorp, Inc.	222		5,994
Norwood Financial Corp.	211		5,634
OFG Bancorp	1,197		13,382
Old National Bancorp	3,579		47,207
Old Point Financial Corp.	183		2,767
Old Second Bancorp, Inc.	816		5,639
Origin Bancorp, Inc.	516		10,449
Pacific Mercantile Bancorp (A)	820		3,862
Pacific Premier Bancorp, Inc.	1,278		24,078
PacWest Bancorp	2,507		44,925
Park National Corp.	386		29,969
Peapack Gladstone Financial Corp.	485		8,706
Penns Woods Bancorp, Inc.	222		5,395
Peoples Bancorp of North Carolina, Inc.	237		4,825
Peoples Bancorp, Inc.	508		11,252
People's United Financial, Inc.	8,507		94,002
People's Utah Bancorp	486		9,414
Pinnacle Financial Partners, Inc.	1,604		60,214
Popular, Inc.	1,544		54,040
Preferred Bank	341		11,533
Premier Financial Bancorp, Inc.	466		5,778
Prosperity Bancshares, Inc.	1,966		94,860
QCR Holdings, Inc.	353		9,556
RBB Bancorp	407		5,584
Red River Bancshares, Inc.	155		5,769
Regions Financial Corp.	20,141		180,665
Renasant Corp.	1,240		27,082
Republic Bancorp, Inc., Class A	425		14,038
Republic First Bancorp, Inc. (A)	1,584		3,469
S&T Bancorp, Inc.	768		20,982
Sandy Spring Bancorp, Inc.	750		16,980
Seacoast Banking Corp. of Florida (A)	1,186		21,716
ServisFirst Bancshares, Inc.	1,156		33,894
Shore Bancshares, Inc.	488		5,295
Sierra Bancorp	373		6,557
Signature Bank	1,109		89,153
Simmons First National Corp., Class A	2,185		40,204
South Plains Financial, Inc.	426		6,599
South State Corp.	723		42,462
Southern First Bancshares, Inc. (A)	207		5,873
Southern National Bancorp of Virginia, Inc.	655		6,445
Southside Bancshares, Inc.	820		24,920
Spirit of Texas Bancshares, Inc. (A)	334		3,454
Sterling Bancorp	4,249		44,402
Stock Yards Bancorp, Inc.	419		12,122
Summit Financial Group, Inc.	334		7,084
SVB Financial Group (A)	1,079		163,015
Synovus Financial Corp.	3,073		53,962

 

265

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
TCF Financial Corp.	3,225	$	73,079
Texas Capital Bancshares, Inc. (A)	1,066		23,633
The Bancorp, Inc. (A)	1,397		8,480
The Bank of Princeton	248		5,766
The First of Long Island Corp.	648		11,243
The PNC Financial Services Group, Inc.	9,120		872,966
Tompkins Financial Corp.	330		23,694
Towne Bank	1,674		30,283
TriCo Bancshares	636		18,966
TriState Capital Holdings, Inc. (A)	738		7,136
Triumph Bancorp, Inc. (A)	556		14,456
Truist Financial Corp.	27,951		862,009
Trustmark Corp.	1,377		32,084
U.S. Bancorp	32,547		1,121,244
UMB Financial Corp.	1,038		48,142
Umpqua Holdings Corp.	4,684		51,056
United Bankshares, Inc.	2,146		49,530
United Community Banks, Inc.	1,695		31,035
Unity Bancorp, Inc.	355		4,154
Univest Financial Corp.	733		11,963
Valley National Bancorp	8,535		62,391
Veritex Holdings, Inc.	1,194		16,680
Washington Trust Bancorp, Inc.	335		12,248
Webster Financial Corp.	1,950		44,655
Wells Fargo & Company	88,138		2,529,561
WesBanco, Inc.	1,220		28,914
West Bancorporation, Inc.	463		7,570
Westamerica Bancorporation	570		33,505
Western Alliance Bancorp	2,145		65,658
Wintrust Financial Corp.	1,205		39,596
Zions Bancorp NA	3,586		95,961
			23,531,951
Capital markets – 2.9%
Affiliated Managers Group, Inc.	1,036		61,269
AllianceBernstein Holding LP	2,024		37,626
Ameriprise Financial, Inc.	2,641		270,650
Apollo Investment Corp.	1,528		10,314
Ares Capital Corp. (B)	9,043		97,484
Ares Management Corp., Class A	2,404		74,356
Artisan Partners Asset Management, Inc., Class A	1,655		35,566
Assetmark Financial Holdings, Inc. (A)	1,278		26,058
Associated Capital Group, Inc., Class A	454		13,892
Bain Capital Specialty Finance, Inc.	1,190		11,031
Barings BDC, Inc.	1,265		9,462
BGC Partners, Inc., Class A	7,348		18,517
BlackRock Capital Investment Corp.	1,953		4,297
BlackRock TCP Capital Corp.	1,134		7,088
BlackRock, Inc.	3,233		1,422,423
Blucora, Inc. (A)	1,076		12,966
Capital Southwest Corp.	445		5,082
Cboe Global Markets, Inc.	2,310		206,168
CME Group, Inc.	7,470		1,291,638
Cohen & Steers, Inc.	999		45,405
Cowen, Inc., Class A	420		4,057
Crescent Capital BDC, Inc.	132		1,274
Diamond Hill Investment Group, Inc.	83		7,490
Donnelley Financial Solutions, Inc. (A)	800		4,216
E*TRADE Financial Corp.	4,721		162,025
Eaton Vance Corp.	2,369		76,400
Ellington Financial, Inc.	880		5,025
Evercore, Inc., Class A	822		37,861
FactSet Research Systems, Inc.	789		205,677
Federated Hermes, Inc.	2,126		40,500
Fidus Investment Corp.	605		4,005

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Focus Financial Partners, Inc., Class A (A)	1,482	$	34,101
Franklin Resources, Inc.	10,401		173,593
FS KKR Capital Corp.	10,719		32,157
GAIN Capital Holdings, Inc.	1,165		6,501
GAMCO Investors, Inc., Class A	443		4,869
Garrison Capital, Inc.	717		1,219
Gladstone Capital Corp.	801		4,502
Gladstone Investment Corp.	797		6,256
Goldman Sachs BDC, Inc.	967		11,923
Golub Capital BDC, Inc.	1,363		17,119
Greenhill & Company, Inc.	314		3,090
Hamilton Lane, Inc., Class A	1,102		60,952
Hercules Capital, Inc.	2,271		17,350
Houlihan Lokey, Inc.	1,374		71,613
Interactive Brokers Group, Inc., Class A	1,612		69,590
Intercontinental Exchange, Inc.	11,609		937,427
INTL. FCStone, Inc. (A)	429		15,556
Invesco, Ltd.	9,289		84,344
Lazard, Ltd., Class A	2,202		51,879
Legg Mason, Inc.	1,838		89,786
LPL Financial Holdings, Inc.	1,689		91,932
Main Street Capital Corp. (B)	1,316		26,991
MarketAxess Holdings, Inc.	791		263,063
Moelis & Company, Class A	1,274		35,799
Monroe Capital Corp.	561		3,983
Moody's Corp.	3,934		832,041
Morgan Stanley	33,737		1,147,058
Morningstar, Inc.	893		103,811
MSCI, Inc.	1,765		510,014
MVC Capital, Inc.	676		2,954
Nasdaq, Inc.	3,416		324,349
New Mountain Finance Corp.	2,060		14,008
Newtek Business Services Corp.	477		6,301
Northern Trust Corp.	4,421		333,609
Oaktree Specialty Lending Corp.	2,519		8,162
OFS Capital Corp.	430		1,750
Oppenheimer Holdings, Inc., Class A	169		3,339
Oxford Square Capital Corp.	1,411		3,598
P10 Holdings, Inc. (A)	951		1,664
PennantPark Floating Rate Capital, Ltd.	874		4,248
PennantPark Investment Corp.	1,841		4,768
Piper Sandler Companies	319		16,132
Portman Ridge Finance Corp.	2,026		1,896
Prospect Capital Corp. (B)	8,135		34,574
Pzena Investment Management, Inc., Class A	1,693		7,551
Raymond James Financial, Inc.	2,893		182,838
S&P Global, Inc.	5,096		1,248,775
Safeguard Scientifics, Inc.	605		3,358
Sculptor Capital Management, Inc.	1,110		15,029
SEI Investments Company	3,150		145,971
Siebert Financial Corp. (A)	573		4,137
Solar Capital, Ltd.	825		9,603
Solar Senior Capital, Ltd.	444		4,311
State Street Corp.	7,587		404,159
Stellus Capital Investment Corp.	500		3,645
Stifel Financial Corp.	1,436		59,278
T. Rowe Price Group, Inc.	4,872		475,751
TCG BDC, Inc.	1,406		7,339
TD Ameritrade Holding Corp.	11,280		390,965
The Bank of New York Mellon Corp.	19,232		647,734
The Blackstone Group, Inc., Class A	13,754		626,770
The Carlyle Group, Inc. (B)	6,916		149,731
The Charles Schwab Corp.	26,785		900,512

 

266

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
The Goldman Sachs Group, Inc.	7,376	$	1,140,256
THL Credit, Inc.	925		2,451
TPG Specialty Lending, Inc.	1,483		20,643
Tradeweb Markets, Inc., Class A	4,656		195,738
TriplePoint Venture Growth BDC Corp.	568		3,260
Value Line, Inc.	62		2,006
Victory Capital Holdings, Inc., Class A	1,470		24,049
Virtu Financial, Inc., Class A (B)	4,012		83,530
Virtus Investment Partners, Inc.	128		9,742
Waddell & Reed Financial, Inc., Class A	1,572		17,889
Westwood Holdings Group, Inc.	238		4,358
WhiteHorse Finance, Inc.	557		3,944
WisdomTree Investments, Inc.	3,569		8,316
			16,483,332
Consumer finance – 0.5%
Ally Financial, Inc.	7,943		114,617
American Express Company	17,055		1,460,079
Atlanticus Holdings Corp. (A)	140		1,389
Capital One Financial Corp.	9,699		489,024
Credit Acceptance Corp. (A)(B)	396		101,253
Curo Group Holdings Corp.	965		5,115
Discover Financial Services	6,538		233,210
Elevate Credit, Inc. (A)	1,191		1,239
Encore Capital Group, Inc. (A)	680		15,898
Enova International, Inc. (A)	759		10,998
EZCORP, Inc., Class A (A)	1,448		6,038
FirstCash, Inc.	898		64,423
Green Dot Corp., Class A (A)	1,090		27,675
LendingTree, Inc. (A)	274		50,249
Medallion Financial Corp. (A)	169		314
Navient Corp.	4,655		35,285
Nelnet, Inc., Class A	833		37,827
OneMain Holdings, Inc.	2,859		54,664
Oportun Financial Corp. (A)	399		4,209
PRA Group, Inc. (A)	990		27,443
Regional Management Corp. (A)	265		3,620
Santander Consumer USA Holdings, Inc.	7,110		98,900
SLM Corp.	8,897		63,969
Synchrony Financial	13,479		216,877
World Acceptance Corp. (A)	179		9,775
			3,134,090
Diversified financial services – 1.7%
Berkshire Hathaway, Inc., Class B (A)	50,958		9,316,651
Equitable Holdings, Inc.	10,222		147,708
GWG Holdings, Inc. (A)(B)	813		8,260
Jefferies Financial Group, Inc.	6,293		86,025
Marlin Business Services Corp.	322		3,597
NewStar Financial, Inc. (A)(C)	1,204		291
On Deck Capital, Inc. (A)	1,768		2,723
Voya Financial, Inc.	2,834		114,919
			9,680,174
Insurance – 1.8%
Aflac, Inc.	15,325		524,728
Alleghany Corp.	301		166,257
American Equity Investment Life Holding Company	1,955		36,754
American Financial Group, Inc.	1,743		122,149
American International Group, Inc.	18,169		440,598
American National Insurance Company	582		47,945
AMERISAFE, Inc.	412		26,562
Arch Capital Group, Ltd. (A)	8,392		238,836
Argo Group International Holdings, Ltd.	742		27,499
Arthur J. Gallagher & Company	3,894		317,400
Assurant, Inc.	1,268		131,986

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Assured Guaranty, Ltd.	2,011	$	51,864
Axis Capital Holdings, Ltd.	1,773		68,526
Benefytt Technologies, Inc. (A)	323		7,232
Brighthouse Financial, Inc. (A)	2,133		51,555
Brown & Brown, Inc.	5,897		213,589
BRP Group, Inc., Class A (A)	1,080		11,394
Cincinnati Financial Corp.	3,413		257,511
Citizens, Inc. (A)	1,370		8,932
CNA Financial Corp.	5,706		177,114
CNO Financial Group, Inc.	3,245		40,206
Crawford & Company, Class B	1,283		8,198
Donegal Group, Inc., Class A	786		11,947
eHealth, Inc. (A)	490		69,002
Employers Holdings, Inc.	720		29,167
Enstar Group, Ltd. (A)	382		60,757
Erie Indemnity Company, Class A	953		141,273
Everest Re Group, Ltd.	822		158,169
FBL Financial Group, Inc., Class A	549		25,622
FedNat Holding Company	438		5,028
Fidelity National Financial, Inc.	5,699		141,791
First American Financial Corp.	2,298		97,458
Genworth Financial, Inc., Class A (A)	10,791		35,826
Globe Life, Inc.	2,260		162,652
Goosehead Insurance, Inc., Class A (A)	767		34,231
Hallmark Financial Services, Inc. (A)	21		85
HCI Group, Inc.	204		8,211
Heritage Insurance Holdings, Inc.	734		7,861
Horace Mann Educators Corp.	900		32,931
Independence Holding Company	356		9,099
Investors Title Company	50		6,400
Kemper Corp.	1,403		104,341
Kinsale Capital Group, Inc.	473		49,443
Lincoln National Corp.	4,156		109,386
Loews Corp.	6,227		216,886
Markel Corp. (A)	289		268,160
Marsh & McLennan Companies, Inc.	10,509		908,608
MBIA, Inc. (A)	1,977		14,116
Mercury General Corp.	1,183		48,172
MetLife, Inc.	19,198		586,883
National General Holdings Corp.	2,406		39,819
National Western Life Group, Inc., Class A	79		13,588
NI Holdings, Inc. (A)	641		8,692
Old Republic International Corp.	6,379		97,280
Palomar Holdings, Inc. (A)	514		29,894
Primerica, Inc.	868		76,801
Principal Financial Group, Inc.	5,797		181,678
ProAssurance Corp.	1,182		29,550
ProSight Global, Inc. (A)	575		5,606
Protective Insurance Corp., Class B	474		6,518
Prudential Financial, Inc.	8,385		437,194
Reinsurance Group of America, Inc.	1,269		106,774
RenaissanceRe Holdings, Ltd.	894		133,492
RLI Corp.	951		83,621
Safety Insurance Group, Inc.	334		28,200
Selective Insurance Group, Inc.	1,251		62,175
State Auto Financial Corp.	951		26,428
Stewart Information Services Corp.	487		12,988
The Allstate Corp.	6,754		619,544
The Hanover Insurance Group, Inc.	815		73,823
The Hartford Financial Services Group, Inc.	7,524		265,146
The Progressive Corp.	12,196		900,553
The Travelers Companies, Inc.	5,380		534,503
Trupanion, Inc. (A)(B)	764		19,887

 

267

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
United Fire Group, Inc.	546	$	17,805
United Insurance Holdings Corp.	1,080		9,979
Universal Insurance Holdings, Inc.	656		11,756
Unum Group	4,336		65,083
W.R. Berkley Corp.	3,793		197,881
White Mountains Insurance Group, Ltd.	67		60,970
			10,477,568
Mortgage real estate investment trusts – 0.1%
AG Mortgage Investment Trust, Inc.	700		1,918
AGNC Investment Corp.	11,322		119,787
Annaly Capital Management, Inc.	30,032		152,262
Anworth Mortgage Asset Corp.	2,512		2,839
Apollo Commercial Real Estate Finance, Inc.	3,205		23,781
Arbor Realty Trust, Inc.	2,208		10,819
Ares Commercial Real Estate Corp.	789		5,515
Arlington Asset Investment Corp., Class A	651		1,426
ARMOUR Residential REIT, Inc.	1,413		12,449
Blackstone Mortgage Trust, Inc., Class A	2,768		51,540
Broadmark Realty Capital, Inc.	2,185		16,431
Capstead Mortgage Corp.	1,743		7,321
Cherry Hill Mortgage Investment Corp.	415		2,573
Chimera Investment Corp.	3,772		34,325
Colony Credit Real Estate, Inc.	2,808		11,064
Dynex Capital, Inc.	611		6,379
Ellington Residential Mortgage REIT	471		2,496
Exantas Capital Corp.	859		2,371
Granite Point Mortgage Trust, Inc.	1,105		5,602
Great Ajax Corp.	553		3,517
Invesco Mortgage Capital, Inc.	3,007		10,254
KKR Real Estate Finance Trust, Inc.	1,084		16,271
Ladder Capital Corp.	2,535		12,016
MFA Financial, Inc.	9,342		14,480
New Residential Investment Corp.	8,506		42,615
New York Mortgage Trust, Inc.	5,225		8,099
Orchid Island Capital, Inc.	1,157		3,413
PennyMac Mortgage Investment Trust	1,761		18,702
Ready Capital Corp.	959		6,924
Redwood Trust, Inc.	2,127		10,763
Starwood Property Trust, Inc.	5,131		52,593
TPG RE Finance Trust, Inc.	1,656		9,091
Two Harbors Investment Corp.	5,815		22,155
Western Asset Mortgage Capital Corp.	1,158		2,652
			704,443
Thrifts and mortgage finance – 0.1%
Axos Financial, Inc. (A)	1,364		24,729
Bridgewater Bancshares, Inc. (A)	655		6,386
Capitol Federal Financial, Inc.	1,954		22,686
Columbia Financial, Inc. (A)	2,570		37,008
Federal Agricultural Mortgage Corp., Class C	191		10,625
Federal Home Loan Mortgage Corp. (A)	13,796		19,284
Federal National Mortgage Association (A)(B)	24,360		38,732
First Defiance Financial Corp.	1,016		14,976
Flagstar Bancorp, Inc.	1,271		25,204
Home Bancorp, Inc.	185		4,518
HomeStreet, Inc.	637		14,161
Kearny Financial Corp.	2,110		18,125
Luther Burbank Corp.	1,316		12,068
Merchants Bancorp	686		10,413
Meridian Bancorp, Inc.	1,296		14,541
Meta Financial Group, Inc.	878		19,070
MGIC Investment Corp.	7,310		46,419

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thrifts and mortgage finance (continued)
New York Community Bancorp, Inc.	10,221	$	95,975
NMI Holdings, Inc., Class A (A)	1,463		16,985
Northfield Bancorp, Inc.	1,247		13,954
Northwest Bancshares, Inc.	1,642		18,998
OceanFirst Financial Corp.	1,155		18,376
Ocwen Financial Corp. (A)	3,672		1,836
PCSB Financial Corp.	498		6,967
PDL Community Bancorp (A)	510		5,238
PennyMac Financial Services, Inc.	1,650		36,482
Pioneer Bancorp, Inc. (A)	233		2,419
Provident Bancorp, Inc. (A)	677		5,836
Provident Financial Services, Inc.	1,019		13,104
Radian Group, Inc.	4,138		53,587
Riverview Bancorp, Inc.	881		4,414
Southern Missouri Bancorp, Inc.	216		5,242
Sterling Bancorp, Inc.	1,248		5,366
Territorial Bancorp, Inc.	238		5,843
TFS Financial Corp.	3,937		60,118
Timberland Bancorp, Inc.	255		4,664
TrustCo Bank Corp.	2,562		13,860
Walker & Dunlop, Inc.	652		26,256
Washington Federal, Inc.	1,575		40,887
Western New England Bancorp, Inc.	789		5,334
WSFS Financial Corp.	837		20,858
			821,544
			64,833,102
Health care – 14.1%
Biotechnology – 2.9%
89bio, Inc. (A)	252		6,363
AbbVie, Inc.	30,832		2,349,090
Abeona Therapeutics, Inc. (A)	1,575		3,308
ACADIA Pharmaceuticals, Inc. (A)	3,237		136,763
Acceleron Pharma, Inc. (A)	1,123		100,924
Achillion Pharmaceuticals, Inc. (A)(C)	3,410		1,569
Acorda Therapeutics, Inc. (A)	685		639
Aduro Biotech, Inc. (A)	1,561		4,277
Advaxis, Inc. (A)	983		521
Adverum Biotechnologies, Inc. (A)	1,608		15,710
Aeglea BioTherapeutics, Inc. (A)	797		3,714
Agenus, Inc. (A)	2,828		6,929
AgeX Therapeutics, Inc. (A)	474		441
Agios Pharmaceuticals, Inc. (A)(B)	1,366		48,466
Aileron Therapeutics, Inc. (A)	238		79
Aimmune Therapeutics, Inc. (A)(B)	1,362		19,640
Akcea Therapeutics, Inc. (A)	2,025		28,958
Akebia Therapeutics, Inc. (A)	2,523		19,124
Akero Therapeutics, Inc. (A)	639		13,547
Albireo Pharma, Inc. (A)	301		4,927
Alder Biopharmaceuticals, Inc. (A)(C)	1,872		2,538
Aldeyra Therapeutics, Inc. (A)	753		1,860
Alector, Inc. (A)	1,631		39,356
Alexion Pharmaceuticals, Inc. (A)	4,623		415,099
Alkermes PLC (A)	3,356		48,394
Allakos, Inc. (A)(B)	1,022		45,469
Allena Pharmaceuticals, Inc. (A)	267		257
Allogene Therapeutics, Inc. (A)(B)	2,589		50,330
Alnylam Pharmaceuticals, Inc. (A)	2,335		254,165
Alpine Immune Sciences, Inc. (A)	291		838
AMAG Pharmaceuticals, Inc. (A)	863		5,333
Ambit Biosciences Corp. (A)(C)	515		309
Amgen, Inc.	12,389		2,511,622
Amicus Therapeutics, Inc. (A)	5,441		50,275
AnaptysBio, Inc. (A)	644		9,100
Anika Therapeutics, Inc. (A)	318		9,193
Anixa Biosciences, Inc. (A)	182		289

 

268

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Apellis Pharmaceuticals, Inc. (A)	1,496	$	40,078
Applied Genetic Technologies Corp. (A)	455		1,492
Applied Therapeutics, Inc. (A)	468		15,299
Aprea Therapeutics, Inc. (A)	410		14,252
Aptinyx, Inc. (A)	716		1,547
AquaBounty Technologies, Inc. (A)	180		293
Aravive, Inc. (A)	271		1,561
Arcus Biosciences, Inc. (A)	883		12,256
Ardelyx, Inc. (A)	1,613		9,170
Arena Pharmaceuticals, Inc. (A)	1,074		45,108
Aridis Pharmaceuticals, Inc. (A)	122		704
Arrowhead Pharmaceuticals, Inc. (A)	2,115		60,849
ArTara Therapeutics, Inc. (A)	99		2,337
Assembly Biosciences, Inc. (A)	650		9,640
Atara Biotherapeutics, Inc. (A)	1,073		9,131
Athenex, Inc. (A)	1,583		12,252
Atreca, Inc., Class A (A)	627		10,377
aTyr Pharma, Inc. (A)	89		249
AVEO Pharmaceuticals, Inc. (A)	241		872
Avid Bioservices, Inc. (A)	992		5,069
Avrobio, Inc. (A)	793		12,339
Axcella Health, Inc. (A)	367		1,255
AzurRx BioPharma, Inc. (A)	283		164
Bellicum Pharmaceuticals, Inc. (A)	60		278
BioCryst Pharmaceuticals, Inc. (A)	2,966		5,932
Biogen, Inc. (A)	3,763		1,190,538
BioMarin Pharmaceutical, Inc. (A)	3,758		317,551
BioSpecifics Technologies Corp. (A)	186		10,522
Bioxcel Therapeutics, Inc. (A)	451		10,080
Bluebird Bio, Inc. (A)(B)	1,170		53,773
Blueprint Medicines Corp. (A)	1,044		61,053
Bridgebio Pharma, Inc. (A)(B)	2,607		75,603
Cabaletta Bio, Inc. (A)	446		3,256
Caladrius Biosciences, Inc. (A)	30		54
Calithera Biosciences, Inc. (A)	1,063		4,720
Calyxt, Inc. (A)	631		2,101
CareDx, Inc. (A)	890		19,429
CASI Pharmaceuticals, Inc. (A)(B)	2,445		4,988
Castle Biosciences, Inc. (A)	321		9,569
Catabasis Pharmaceuticals, Inc. (A)	218		905
Catalyst Biosciences, Inc. (A)	289		1,263
Catalyst Pharmaceuticals, Inc. (A)	2,374		9,140
Celcuity, Inc. (A)	343		2,230
Celldex Therapeutics, Inc. (A)	189		314
CEL-SCI Corp. (A)(B)	784		9,047
Checkpoint Therapeutics, Inc. (A)	977		1,475
ChemoCentryx, Inc. (A)	1,232		49,502
Chimerix, Inc. (A)	1,055		1,519
Cidara Therapeutics, Inc. (A)	566		1,404
Clovis Oncology, Inc. (A)(B)	1,468		9,336
Cohbar, Inc. (A)	665		758
Coherus Biosciences, Inc. (A)	1,434		23,259
Concert Pharmaceuticals, Inc. (A)	641		5,666
Constellation Pharmaceuticals, Inc. (A)	841		26,433
Cortexyme, Inc. (A)	576		26,271
Corvus Pharmaceuticals, Inc. (A)	464		979
Crinetics Pharmaceuticals, Inc. (A)	559		8,217
CTI BioPharma Corp. (A)	785		722
Cue Biopharma, Inc. (A)	571		8,102
Curis, Inc. (A)	294		207
Cyclerion Therapeutics, Inc. (A)	497		1,317
Cytokinetics, Inc. (A)	1,346		15,869
CytomX Therapeutics, Inc. (A)	1,018		7,808
CytRx Corp. (A)	148		56
Deciphera Pharmaceuticals, Inc. (A)	1,040		42,817

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Denali Therapeutics, Inc. (A)	2,072	$	36,281
Dicerna Pharmaceuticals, Inc. (A)	1,487		27,316
Dynavax Technologies Corp. (A)	1,633		5,764
Eagle Pharmaceuticals, Inc. (A)	282		12,972
Editas Medicine, Inc. (A)	1,129		22,388
Eidos Therapeutics, Inc. (A)	805		39,437
Eiger BioPharmaceuticals, Inc. (A)	622		4,230
Emergent BioSolutions, Inc. (A)	1,092		63,183
Enanta Pharmaceuticals, Inc. (A)	427		21,961
Entasis Therapeutics Holdings, Inc. (A)	95		242
Epizyme, Inc. (A)	1,858		28,818
Equillium, Inc. (A)	266		721
Esperion Therapeutics, Inc. (A)	591		18,634
Evelo Biosciences, Inc. (A)	556		2,088
Exact Sciences Corp. (A)	3,078		178,524
Exelixis, Inc. (A)	6,393		110,087
Fate Therapeutics, Inc. (A)	1,591		35,336
Fennec Pharmaceuticals, Inc. (A)	150		891
FibroGen, Inc. (A)	1,854		64,427
Five Prime Therapeutics, Inc. (A)	639		1,451
Flexion Therapeutics, Inc. (A)	867		6,823
Fortress Biotech, Inc. (A)	1,317		2,489
Forty Seven, Inc. (A)	1,016		96,947
Frequency Therapeutics, Inc. (A)	594		10,579
G1 Therapeutics, Inc. (A)	777		8,563
Galectin Therapeutics, Inc. (A)	1,661		3,256
Galera Therapeutics, Inc. (A)	444		4,218
Genocea Biosciences, Inc. (A)	368		633
Genprex, Inc. (A)	538		1,302
Geron Corp. (A)	4,452		5,298
Gilead Sciences, Inc.	26,387		1,972,692
Global Blood Therapeutics, Inc. (A)	1,269		64,833
GlycoMimetics, Inc. (A)	901		2,054
Gossamer Bio, Inc. (A)	1,462		14,839
Gritstone Oncology, Inc. (A)	653		3,800
Halozyme Therapeutics, Inc. (A)	3,113		56,003
Harpoon Therapeutics, Inc. (A)	583		6,751
Homology Medicines, Inc. (A)	999		15,524
Hookipa Pharma, Inc. (A)	641		5,288
Ideaya Biosciences, Inc. (A)	355		1,463
Idera Pharmaceuticals, Inc. (A)	248		327
IGM Biosciences, Inc. (A)	619		34,757
Immunic, Inc. (A)	166		991
ImmunoGen, Inc. (A)	3,467		11,822
Immunomedics, Inc. (A)	4,350		58,638
Incyte Corp. (A)	4,501		329,608
Infinity Pharmaceuticals, Inc. (A)	876		734
Inmune Bio, Inc. (A)	113		372
Inovio Pharmaceuticals, Inc. (A)(B)	2,493		18,548
Insmed, Inc. (A)	1,902		30,489
Intellia Therapeutics, Inc. (A)(B)	993		12,144
Intercept Pharmaceuticals, Inc. (A)	693		43,631
Invitae Corp. (A)(B)	2,091		28,584
Ionis Pharmaceuticals, Inc. (A)	2,950		139,476
Ironwood Pharmaceuticals, Inc. (A)	3,357		33,872
IsoRay, Inc. (A)	503		267
IVERIC bio, Inc. (A)	929		3,196
Jounce Therapeutics, Inc. (A)	886		4,209
Kadmon Holdings, Inc. (A)	3,142		13,165
KalVista Pharmaceuticals, Inc. (A)	368		2,815
Karuna Therapeutics, Inc. (A)	535		38,520
Kezar Life Sciences, Inc. (A)	677		2,952
Kindred Biosciences, Inc. (A)	928		3,712
Kiniksa Pharmaceuticals, Ltd., Class A (A)	1,104		17,090

 

269

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Kodiak Sciences, Inc. (A)	899	$	42,882
Krystal Biotech, Inc. (A)	389		16,820
Kura Oncology, Inc. (A)	1,043		10,378
Leap Therapeutics, Inc. (A)	353		558
Lexicon Pharmaceuticals, Inc. (A)	2,562		4,996
Ligand Pharmaceuticals, Inc. (A)(B)	376		27,343
Lineage Cell Therapeutics, Inc. (A)	2,770		2,294
LogicBio Therapeutics, Inc. (A)	598		2,954
Lumos Pharma, Inc. (A)	28		238
MacroGenics, Inc. (A)	1,031		6,000
Madrigal Pharmaceuticals, Inc. (A)	332		22,164
Magenta Therapeutics, Inc. (A)	934		5,866
MannKind Corp. (A)	3,858		3,974
Marker Therapeutics, Inc. (A)	741		1,408
Matinas BioPharma Holdings, Inc. (A)	3,715		2,230
MediciNova, Inc. (A)(B)	1,166		4,338
MEI Pharma, Inc. (A)	2,438		3,925
MeiraGTx Holdings PLC (A)	698		9,381
Mersana Therapeutics, Inc. (A)	965		5,626
Millendo Therapeutics, Inc. (A)	320		1,690
Minerva Neurosciences, Inc. (A)	988		5,948
Miragen Therapeutics, Inc. (A)	586		261
Mirum Pharmaceuticals, Inc. (A)	498		6,972
Moderna, Inc. (A)(B)	6,993		209,440
Molecular Templates, Inc. (A)	878		11,669
Moleculin Biotech, Inc. (A)	231		141
Momenta Pharmaceuticals, Inc. (A)	2,318		63,050
Monopar Therapeutics, Inc. (A)	140		1,035
Morphic Holding, Inc. (A)	695		10,203
Mustang Bio, Inc. (A)	665		1,782
Myriad Genetics, Inc. (A)	1,593		22,796
NantKwest, Inc. (A)	1,977		5,694
Natera, Inc. (A)	1,602		47,836
Neon Therapeutics, Inc. (A)	388		1,024
NeuroBo Pharmaceuticals, Inc. (A)	306		3,920
Neurocrine Biosciences, Inc. (A)	1,931		167,128
NextCure, Inc. (A)	542		20,092
Northwest Biotherapeutics, Inc. (A)	8,283		1,325
Novavax, Inc. (A)	637		8,650
Ocugen, Inc. (A)	515		145
Omthera Pharmaceuticals, Inc. (A)(C)	598		368
Omthera Pharmaceuticals, Inc. (A)(C)	498		137
Oncocyte Corp. (A)	1,050		2,573
OncoMed Pharmaceuticals, Inc. (A)(C)	498		5
Oncternal Therapeutics, Inc. (A)(C)	38		78
Oncternal Therapeutics, Inc. (A)	198		580
OPKO Health, Inc. (A)(B)	13,787		18,475
Oragenics, Inc. (A)	258		150
Organogenesis Holdings, Inc. (A)	2,172		7,016
Orgenesis, Inc. (A)	226		859
Outlook Therapeutics, Inc. (A)	95		57
Ovid therapeutics, Inc. (A)	844		2,515
Oyster Point Pharma, Inc. (A)	431		15,085
Palatin Technologies, Inc. (A)	2,895		1,226
PDL BioPharma, Inc. (A)	1,734		4,890
Pfenex, Inc. (A)	763		6,730
PhaseBio Pharmaceuticals, Inc. (A)	533		1,764
Pieris Pharmaceuticals, Inc. (A)	1,471		3,354
PolarityTE, Inc. (A)	541		584
Portola Pharmaceuticals, Inc. (A)	1,588		11,322
Precigen, Inc. (A)(B)	3,241		11,019
Precision BioSciences, Inc. (A)	1,182		7,127
Prevail Therapeutics, Inc. (A)	788		9,606
Principia Biopharma, Inc. (A)	662		39,310
Progenics Pharmaceuticals, Inc. (A)	1,955		7,429

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Protagonist Therapeutics, Inc. (A)	497	$	3,509
Protalix BioTherapeutics, Inc. (A)	191		449
Proteostasis Therapeutics, Inc. (A)	818		933
PTC Therapeutics, Inc. (A)	1,304		58,171
Puma Biotechnology, Inc. (A)	890		7,512
Ra Pharmaceuticals, Inc. (A)	989		47,482
RAPT Therapeutics, Inc. (A)	483		10,273
Regeneron Pharmaceuticals, Inc. (A)	2,291		1,118,672
REGENXBIO, Inc. (A)	794		25,710
Replimune Group, Inc. (A)	661		6,590
Retrophin, Inc. (A)	1,004		14,648
Rhythm Pharmaceuticals, Inc. (A)	820		12,480
Rigel Pharmaceuticals, Inc. (A)	3,503		5,465
Rocket Pharmaceuticals, Inc. (A)	1,021		14,243
Rubius Therapeutics, Inc. (A)	1,799		8,006
Sage Therapeutics, Inc. (A)	1,099		31,563
Sangamo Therapeutics, Inc. (A)	2,664		16,970
Sarepta Therapeutics, Inc. (A)	1,560		152,599
Savara, Inc. (A)	756		1,603
Scholar Rock Holding Corp. (A)	577		6,987
Seattle Genetics, Inc. (A)	3,582		413,291
Selecta Biosciences, Inc. (A)	1,693		4,080
Seres Therapeutics, Inc. (A)	1,320		4,712
Sesen Bio, Inc. (A)	3,446		1,932
Sierra Oncology, Inc. (A)	189		1,852
Soleno Therapeutics, Inc. (A)	791		1,883
Solid Biosciences, Inc. (A)	867		2,072
Sophiris Bio, Inc. (A)	341		92
Spectrum Pharmaceuticals, Inc. (A)	2,679		6,242
Spero Therapeutics, Inc. (A)	578		4,670
SpringWorks Therapeutics, Inc. (A)	861		23,247
Stemline Therapeutics, Inc. (A)	1,279		6,190
Stoke Therapeutics, Inc. (A)	722		16,534
Sunesis Pharmaceuticals, Inc. (A)	1,989		825
Surface Oncology, Inc. (A)	500		935
Sutro Biopharma, Inc. (A)	635		6,477
Syndax Pharmaceuticals, Inc. (A)	629		6,900
Synergy Pharmaceuticals, Inc. (A)(C)	6,230		18
Synlogic, Inc. (A)	542		932
Syros Pharmaceuticals, Inc. (A)	797		4,726
T2 Biosystems, Inc. (A)	330		214
TCR2 Therapeutics, Inc. (A)	593		4,590
Tocagen, Inc. (A)	299		365
Translate Bio, Inc. (A)	1,155		11,515
Trevena, Inc. (A)	1,341		760
Turning Point Therapeutics, Inc. (A)	737		32,914
Twist Bioscience Corp. (A)	774		23,669
Tyme Technologies, Inc. (A)	1,883		2,071
Ultragenyx Pharmaceutical, Inc. (A)(B)	1,226		54,471
United Therapeutics Corp. (A)	924		87,618
UNITY Biotechnology, Inc. (A)	783		4,541
UroGen Pharma, Ltd. (A)	495		8,831
Vaccinex, Inc. (A)	242		968
Vanda Pharmaceuticals, Inc. (A)	1,222		12,660
Vaxart, Inc. (A)	696		1,232
Veracyte, Inc. (A)	1,069		25,987
Verastem, Inc. (A)(B)	1,390		3,670
Vericel Corp. (A)	881		8,079
Vertex Pharmaceuticals, Inc. (A)	5,366		1,276,840
Viela Bio, Inc. (A)(B)	1,042		39,596
Viking Therapeutics, Inc. (A)	1,686		7,890
Vir Biotechnology, Inc. (A)(B)	2,250		77,108
Voyager Therapeutics, Inc. (A)	743		6,798
vTv Therapeutics, Inc., Class A (A)(B)	1,048		2,002
X4 Pharmaceuticals, Inc. (A)	308		3,080

 

270

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
XBiotech, Inc. (A)	761	$	8,082
Xencor, Inc. (A)	1,222		36,513
XOMA Corp. (A)	228		4,640
Y-mAbs Therapeutics, Inc. (A)	853		22,263
Zafgen, Inc. (A)	289		223
ZIOPHARM Oncology, Inc. (A)(B)	4,026		9,864
			17,034,762
Health care equipment and supplies – 3.0%
Abbott Laboratories	36,865		2,909,017
ABIOMED, Inc. (A)	945		137,176
Accuray, Inc. (A)	2,263		4,300
Align Technology, Inc. (A)	1,646		286,322
Alphatec Holdings, Inc. (A)	1,472		5,078
AngioDynamics, Inc. (A)	928		9,679
Antares Pharma, Inc. (A)	3,736		8,817
Apollo Endosurgery, Inc. (A)	37		71
Apyx Medical Corp. (A)	890		3,195
AtriCure, Inc. (A)	858		28,820
Atrion Corp.	39		25,350
Avanos Medical, Inc. (A)	1,021		27,496
Axogen, Inc. (A)	892		9,277
Axonics Modulation Technologies, Inc. (A)	663		16,847
Baxter International, Inc.	10,647		864,430
Becton, Dickinson and Company	5,635		1,294,754
BioLife Solutions, Inc. (A)	435		4,133
Boston Scientific Corp. (A)	29,075		948,717
Cantel Medical Corp.	896		32,166
Cardiovascular Systems, Inc. (A)	748		26,337
Cerus Corp. (A)	3,177		14,773
Chembio Diagnostics, Inc. (A)	117		599
Co-Diagnostics, Inc. (A)(B)	371		2,827
Conformis, Inc. (A)	2,110		1,329
CONMED Corp.	596		34,133
CryoLife, Inc. (A)	840		14,213
CryoPort, Inc. (A)	806		13,758
Cutera, Inc. (A)	347		4,532
CytoSorbents Corp. (A)	847		6,547
Danaher Corp.	14,471		2,002,931
Dare Bioscience, Inc. (A)	111		94
Dentsply Sirona, Inc.	4,653		180,676
DexCom, Inc. (A)	1,909		514,036
Edwards Lifesciences Corp. (A)	4,348		820,120
Ekso Bionics Holdings, Inc. (A)	51		144
ElectroCore, Inc. (A)	177		168
Electromed, Inc. (A)	69		776
Envista Holdings Corp. (A)	3,026		45,208
Establishment Labs Holdings, Inc. (A)	483		6,979
FONAR Corp. (A)	224		3,275
GenMark Diagnostics, Inc. (A)	1,560		6,427
Glaukos Corp. (A)	914		28,206
Globus Medical, Inc., Class A (A)	2,085		88,675
Haemonetics Corp. (A)	1,063		105,939
Heska Corp. (A)	175		9,678
Hill-Rom Holdings, Inc.	1,394		140,236
Hologic, Inc. (A)	5,610		196,911
ICU Medical, Inc. (A)	434		87,568
IDEXX Laboratories, Inc. (A)	1,789		433,367
Inogen, Inc. (A)	473		24,435
Insulet Corp. (A)	1,291		213,893
Integer Holdings Corp. (A)	687		43,185
Integra LifeSciences Holdings Corp. (A)	1,805		80,629
IntriCon Corp. (A)	23		271
Intuitive Surgical, Inc. (A)	2,410		1,193,456
Invacare Corp.	844		6,271

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
iRadimed Corp. (A)	275	$	5,871
iRhythm Technologies, Inc. (A)	563		45,800
IRIDEX Corp. (A)	87		140
Lantheus Holdings, Inc. (A)	866		11,050
LeMaitre Vascular, Inc.	475		11,837
Masimo Corp. (A)	1,115		197,489
Meridian Bioscience, Inc. (A)	1,112		9,341
Merit Medical Systems, Inc. (A)	1,168		36,500
Mesa Laboratories, Inc.	96		21,705
Microbot Medical, Inc. (A)	54		300
Misonix, Inc. (A)	328		3,090
Motus GI Holdings, Inc. (A)	239		161
Natus Medical, Inc. (A)	710		16,422
Neogen Corp. (A)	1,108		74,225
Neuronetics, Inc. (A)	136		257
Nevro Corp. (A)	651		65,087
NuVasive, Inc. (A)	1,095		55,473
OraSure Technologies, Inc. (A)	1,505		16,194
Orthofix Medical, Inc. (A)	439		12,296
OrthoPediatrics Corp. (A)	364		14,429
PAVmed, Inc. (A)	411		814
Penumbra, Inc. (A)	731		117,932
Pulse Biosciences, Inc. (A)(B)	385		2,757
Quidel Corp. (A)	883		86,366
RA Medical Systems, Inc. (A)	53		58
ResMed, Inc.	2,997		441,428
Rockwell Medical, Inc. (A)	1,097		2,249
RTI Surgical Holdings, Inc. (A)	1,366		2,336
SeaSpine Holdings Corp. (A)	591		4,828
Second Sight Medical Products, Inc. (A)	151		150
Senseonics Holdings, Inc. (A)(B)	3,713		2,352
Shockwave Medical, Inc. (A)	654		21,700
SI-BONE, Inc. (A)	650		7,768
Sientra, Inc. (A)	851		1,693
Silk Road Medical, Inc. (A)	667		20,997
SmileDirectClub, Inc. (A)(B)	7,849		36,655
Soliton, Inc. (A)(B)	459		3,718
STAAR Surgical Company (A)	955		30,808
Stereotaxis, Inc. (A)	1,627		4,914
Stryker Corp.	7,803		1,299,121
Surmodics, Inc. (A)	315		10,496
Tactile Systems Technology, Inc. (A)	415		16,666
Tandem Diabetes Care, Inc. (A)	1,236		79,537
Tela Bio, Inc. (A)	142		1,110
Teleflex, Inc.	965		282,610
The Cooper Companies, Inc.	1,033		284,767
TransEnterix, Inc. (A)	230		81
TransMedics Group, Inc. (A)	477		5,762
Utah Medical Products, Inc.	94		8,841
Vapotherm, Inc. (A)	424		7,984
Varex Imaging Corp. (A)	786		17,850
Varian Medical Systems, Inc. (A)	1,897		194,746
Venus Concept, Inc. (A)	559		1,984
Vermillion, Inc. (A)	1,357		1,130
West Pharmaceutical Services, Inc.	1,544		235,074
Zimmer Biomet Holdings, Inc.	4,291		433,734
			17,236,930
Health care providers and services – 2.6%
Acadia Healthcare Company, Inc. (A)	1,902		34,902
Aceto Corp. (A)(C)	853		0
Addus HomeCare Corp. (A)	312		21,091
Amedisys, Inc. (A)	684		125,541
American Renal Associates Holdings, Inc. (A)	895		5,916
AmerisourceBergen Corp.	4,293		379,931

 

271

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
AMN Healthcare Services, Inc. (A)	979	$	56,596
Anthem, Inc.	5,292		1,201,496
Apollo Medical Holdings, Inc. (A)	645		8,333
BioTelemetry, Inc. (A)	716		27,573
Brookdale Senior Living, Inc. (A)	4,129		12,882
Capital Senior Living Corp. (A)	410		238
Cardinal Health, Inc.	6,108		292,818
Catasys, Inc. (A)	418		6,366
Centene Corp. (A)	12,194		724,446
Chemed Corp.	338		146,422
Cigna Corp.	7,788		1,379,878
Community Health Systems, Inc. (A)(B)	2,677		8,941
CorVel Corp. (A)	411		22,404
Covetrus, Inc. (A)	2,407		19,593
Cross Country Healthcare, Inc. (A)	923		6,221
CVS Health Corp.	27,117		1,608,852
DaVita, Inc. (A)	2,696		205,058
Encompass Health Corp.	2,097		134,271
Enzo Biochem, Inc. (A)	1,266		3,203
Exagen, Inc. (A)	164		2,614
Five Star Senior Living, Inc. (A)	577		1,604
Fulgent Genetics, Inc. (A)	357		3,841
Genesis Healthcare, Inc. (A)	3,004		2,531
Guardant Health, Inc. (A)	1,967		136,903
Hanger, Inc. (A)	826		12,869
HCA Healthcare, Inc.	7,080		636,138
HealthEquity, Inc. (A)	1,482		74,974
Henry Schein, Inc. (A)	3,062		154,692
Humana, Inc.	2,764		867,951
InfuSystem Holdings, Inc. (A)	171		1,452
Interpace Biosciences, Inc. (A)	73		377
Laboratory Corp. of America Holdings (A)	2,032		256,824
LHC Group, Inc. (A)	671		94,074
Magellan Health, Inc. (A)	528		25,402
McKesson Corp.	3,757		508,172
MedCath Corp. (A)(C)	613		307
MEDNAX, Inc. (A)	1,742		20,277
Molina Healthcare, Inc. (A)	1,318		184,138
National HealthCare Corp.	341		24,460
National Research Corp.	530		24,104
Option Care Health, Inc. (A)	3,590		33,997
Owens & Minor, Inc.	1,464		13,396
Patterson Companies, Inc.	2,037		31,146
PetIQ, Inc. (A)	575		13,357
Premier, Inc., Class A (A)	2,552		83,501
Progyny, Inc. (A)(B)	1,674		35,472
Quest Diagnostics, Inc.	2,829		227,169
Quorum Health Corp. (A)	379		171
R1 RCM, Inc. (A)	2,386		21,689
RadNet, Inc. (A)	1,162		12,213
Select Medical Holdings Corp. (A)	2,879		43,185
Surgery Partners, Inc. (A)	1,125		7,346
Tenet Healthcare Corp. (A)	2,202		31,709
The Ensign Group, Inc.	1,158		43,552
The Joint Corp. (A)	360		3,906
The Pennant Group, Inc. (A)	613		8,680
The Providence Service Corp. (A)	241		13,226
Tivity Health, Inc. (A)	1,068		6,718
UnitedHealth Group, Inc.	19,753		4,926,003
Universal Health Services, Inc., Class B	1,840		182,307
US Physical Therapy, Inc.	281		19,389
			15,224,808
Health care technology – 0.3%
Allscripts Healthcare Solutions, Inc. (A)	3,473		24,450

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Castlight Health, Inc., B Shares (A)	3,656	$	2,644
Cerner Corp.	6,543		412,144
Change Healthcare, Inc. (A)	2,632		26,294
Computer Programs & Systems, Inc.	332		7,387
Evolent Health, Inc., Class A (A)	1,837		9,975
Health Catalyst, Inc. (A)	658		17,207
HealthStream, Inc. (A)	730		17,484
HMS Holdings Corp. (A)	1,882		47,558
HTG Molecular Diagnostics, Inc. (A)	439		143
Icad, Inc. (A)	189		1,387
Inovalon Holdings, Inc., Class A (A)(B)	3,280		54,645
Inspire Medical Systems, Inc. (A)	513		30,924
Livongo Health, Inc. (A)(B)	1,877		53,551
MTBC, Inc. (A)	38		209
NantHealth, Inc. (A)	2,869		4,562
NextGen Healthcare, Inc. (A)	1,375		14,355
Omnicell, Inc. (A)	878		57,579
Phreesia, Inc. (A)	625		13,144
Simulations Plus, Inc.	395		13,793
Tabula Rasa HealthCare, Inc. (A)	474		24,785
Teladoc Health, Inc. (A)(B)	1,519		235,460
Veeva Systems, Inc., Class A (A)	3,085		482,401
Vocera Communications, Inc. (A)	698		14,826
			1,566,907
Life sciences tools and services – 1.1%
10X Genomics, Inc., Class A (A)(B)	2,009		125,201
Accelerate Diagnostics, Inc. (A)(B)	1,138		9,480
Adaptive Biotechnologies Corp. (A)(B)	2,619		72,756
Agilent Technologies, Inc.	6,459		462,594
Avantor, Inc. (A)	11,929		148,993
Bio-Rad Laboratories, Inc., Class A (A)	625		219,100
Bio-Techne Corp.	797		151,127
Bruker Corp.	3,230		115,828
Champions Oncology, Inc. (A)	117		866
Charles River Laboratories International, Inc. (A)	1,022		128,987
Codexis, Inc. (A)	1,349		15,055
Fluidigm Corp. (A)	1,624		4,125
Harvard Bioscience, Inc. (A)	117		259
Illumina, Inc. (A)	3,065		837,113
IQVIA Holdings, Inc. (A)	4,049		436,725
Luminex Corp.	874		24,061
Medpace Holdings, Inc. (A)	761		55,842
Mettler-Toledo International, Inc. (A)	508		350,779
NanoString Technologies, Inc. (A)	769		18,494
NeoGenomics, Inc. (A)	2,242		61,902
Pacific Biosciences of California, Inc. (A)	3,229		9,881
PerkinElmer, Inc.	2,318		174,499
Personalis, Inc. (A)	696		5,617
PRA Health Sciences, Inc. (A)	1,329		110,360
Quanterix Corp. (A)	534		9,810
Repligen Corp. (A)	1,100		106,194
Syneos Health, Inc. (A)	2,189		86,290
Thermo Fisher Scientific, Inc.	8,354		2,369,194
Waters Corp. (A)	1,344		244,675
			6,355,807
Pharmaceuticals – 4.2%
AcelRx Pharmaceuticals, Inc. (A)	2,585		3,050
Acer Therapeutics, Inc. (A)	96		191
Aclaris Therapeutics, Inc. (A)	517		538
Adamis Pharmaceuticals Corp. (A)	433		155
Aerie Pharmaceuticals, Inc. (A)	991		13,379
Agile Therapeutics, Inc. (A)	1,600		2,976
Akorn, Inc. (A)	2,371		1,331

 

272

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Alexza Pharmaceuticals, Inc. (A)(C)	2,067	$	72
Alimera Sciences, Inc. (A)	27		104
Allergan PLC	6,850		1,213,135
Amneal Pharmaceuticals, Inc. (A)	6,203		21,586
Amphastar Pharmaceuticals, Inc. (A)	1,078		15,998
Ampio Pharmaceuticals, Inc. (A)	2,637		1,094
ANI Pharmaceuticals, Inc. (A)	272		11,081
Aquestive Therapeutics, Inc. (A)	866		1,897
Arvinas, Inc. (A)	815		32,845
Assertio Therapeutics, Inc. (A)	1,244		809
Avenue Therapeutics, Inc. (A)	250		2,235
Axsome Therapeutics, Inc. (A)	727		42,769
Baudax Bio, Inc. (A)	268		665
BioDelivery Sciences International, Inc. (A)	2,072		7,853
Bristol-Myers Squibb Company	48,873		2,724,181
Cara Therapeutics, Inc. (A)	906		11,968
Cassava Sciences, Inc. (A)	283		1,163
Catalent, Inc. (A)	3,070		159,487
cbdMD, Inc. (A)	329		306
Cerecor, Inc. (A)	1,421		3,524
Chiasma, Inc. (A)	883		3,223
Clearside Biomedical, Inc. (A)	736		1,251
CNS Pharmaceuticals, Inc. (A)	142		298
Cocrystal Pharma, Inc. (A)	578		410
Collegium Pharmaceutical, Inc. (A)	742		12,117
Corcept Therapeutics, Inc. (A)	2,419		28,762
Corium International, Inc. (A)(C)	1,009		182
Dova Pharmaceuticals, Inc. (A)(C)	702		379
Durect Corp. (A)	4,211		6,527
Elanco Animal Health, Inc. (A)	7,805		174,754
Elanco Animal Health, Inc. (A)(C)	1,239		0
Eli Lilly & Company	20,017		2,776,758
Eloxx Pharmaceuticals, Inc. (A)	776		1,521
Endo International PLC (A)	4,819		17,830
Eton Pharmaceuticals, Inc. (A)	108		443
Evofem Biosciences, Inc. (A)	1,180		6,278
Evoke Pharma, Inc. (A)	132		153
Evolus, Inc. (A)	639		2,652
EyeGate Pharmaceuticals, Inc. (A)	50		260
Eyenovia, Inc. (A)	204		469
Fulcrum Therapeutics, Inc. (A)	449		5,361
Harrow Health, Inc. (A)	642		2,452
Horizon Therapeutics PLC (A)	3,931		116,436
Hoth Therapeutics, Inc. (A)	97		297
Innoviva, Inc. (A)	2,164		25,449
Intersect ENT, Inc. (A)	718		8,508
Johnson & Johnson	54,848		7,192,218
Kala Pharmaceuticals, Inc. (A)(B)	663		5,828
Kaleido Biosciences, Inc. (A)	768		4,723
Lannett Company, Inc. (A)	920		6,394
Liquidia Technologies, Inc. (A)	518		2,440
Marinus Pharmaceuticals, Inc. (A)	1,618		3,285
Menlo Therapeutics, Inc. (A)	438		1,174
Merck & Company, Inc.	53,082		4,084,129
MyoKardia, Inc. (A)	980		45,942
Nektar Therapeutics (A)	3,720		66,402
Neos Therapeutics, Inc. (A)	642		482
NGM Biopharmaceuticals, Inc. (A)	1,448		17,854
Ocular Therapeutix, Inc. (A)(B)	1,256		6,217
Odonate Therapeutics, Inc. (A)	680		18,775
Omeros Corp. (A)(B)	1,206		16,124
Onconova Therapeutics, Inc. (A)	2,289		694
Opiant Pharmaceuticals, Inc. (A)	15		144
Optinose, Inc. (A)	957		4,297

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Oramed Pharmaceuticals, Inc. (A)	149	$	453
Osmotica Pharmaceuticals PLC (A)	1,116		3,549
Otonomy, Inc. (A)	1,027		2,023
Pacira BioSciences, Inc. (A)	888		29,775
Paratek Pharmaceuticals, Inc. (A)	561		1,767
Pfizer, Inc.	115,382		3,766,068
Phathom Pharmaceuticals, Inc. (A)	484		12,497
Phibro Animal Health Corp., Class A	851		20,569
PLx Pharma, Inc. (A)	113		254
Prestige Consumer Healthcare, Inc. (A)	1,076		39,468
Provention Bio, Inc. (A)	951		8,749
Pulmatrix, Inc. (A)	145		146
Reata Pharmaceuticals, Inc., Class A (A)	634		91,512
Recro Pharma, Inc. (A)	531		4,338
resTORbio, Inc. (A)	531		547
Revance Therapeutics, Inc. (A)	1,026		15,185
Satsuma Pharmaceuticals, Inc. (A)	335		7,209
scPharmaceuticals, Inc. (A)	325		2,405
SCYNEXIS, Inc. (A)	1,304		1,018
Seelos Therapeutics, Inc. (A)	443		217
SIGA Technologies, Inc. (A)	1,954		9,340
Strongbridge Biopharma PLC (A)	966		1,826
Supernus Pharmaceuticals, Inc. (A)	1,139		20,491
TFF Pharmaceuticals, Inc. (A)	107		411
TherapeuticsMD, Inc. (A)(B)	5,607		5,943
Tilray, Inc., Class 2 (A)(B)	2,131		14,661
Tobira Therapeutics, Inc. (A)(C)	609		8,550
Tricida, Inc. (A)	1,068		23,496
Urovant Sciences, Ltd. (A)	750		6,915
Verrica Pharmaceuticals, Inc. (A)	659		7,203
VIVUS, Inc. (A)	50		180
Xeris Pharmaceuticals, Inc. (A)	839		1,636
Zoetis, Inc.	9,934		1,169,132
Zogenix, Inc. (A)	961		23,766
Zomedica Pharmaceuticals Corp. (A)	638		121
Zynerba Pharmaceuticals, Inc. (A)(B)	581		2,225
			24,247,929
			81,667,143
Industrials – 8.5%
Aerospace and defense – 1.9%
AAR Corp.	757		13,444
Aerojet Rocketdyne Holdings, Inc. (A)	1,656		69,270
AeroVironment, Inc. (A)	512		31,212
Applied Energetics, Inc. (A)	2,078		519
Arconic, Inc.	9,105		146,226
Astronics Corp. (A)	623		5,719
Axon Enterprise, Inc. (A)	1,246		88,179
BWX Technologies, Inc.	2,006		97,712
Cubic Corp.	661		27,306
Curtiss-Wright Corp.	892		82,430
Ducommun, Inc. (A)	268		6,660
General Dynamics Corp.	6,029		797,697
HEICO Corp., Class A	2,801		178,984
Hexcel Corp.	1,762		65,529
Huntington Ingalls Industries, Inc.	853		155,425
Innovative Solutions & Support, Inc. (A)	23		73
Kratos Defense & Security Solutions, Inc. (A)	2,288		31,666
L3Harris Technologies, Inc.	4,608		829,993
Lockheed Martin Corp.	5,878		1,992,348
Maxar Technologies, Inc.	1,313		14,023
Mercury Systems, Inc. (A)	1,164		83,040
Moog, Inc., Class A	733		37,038
National Presto Industries, Inc.	169		11,967
Northrop Grumman Corp.	3,512		1,062,556

 

273

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Park Aerospace Corp.	561	$	7,069
Parsons Corp. (A)	2,091		66,828
Raytheon Company	5,802		760,932
Spirit AeroSystems Holdings, Inc., Class A	2,171		51,952
Teledyne Technologies, Inc. (A)	761		226,222
Textron, Inc.	4,772		127,269
The Boeing Company	11,733		1,749,860
TransDigm Group, Inc.	1,116		357,332
Triumph Group, Inc.	1,030		6,963
United Technologies Corp.	17,979		1,695,959
Vectrus, Inc. (A)	262		10,849
			10,890,251
Air freight and logistics – 0.5%
Air Transport Services Group, Inc. (A)	1,293		23,636
Atlas Air Worldwide Holdings, Inc. (A)	480		12,322
C.H. Robinson Worldwide, Inc.	2,831		187,412
Echo Global Logistics, Inc. (A)	631		10,777
Expeditors International of Washington, Inc.	3,392		226,314
FedEx Corp.	5,449		660,746
Forward Air Corp.	636		32,213
Hub Group, Inc., Class A (A)	749		34,057
United Parcel Service, Inc., Class B	17,894		1,671,657
XPO Logistics, Inc. (A)	1,938		94,478
			2,953,612
Airlines – 0.2%
Alaska Air Group, Inc. (B)	2,510		71,460
Allegiant Travel Company	324		26,503
American Airlines Group, Inc.	9,162		111,685
Delta Air Lines, Inc.	13,497		385,069
Hawaiian Holdings, Inc.	993		10,367
JetBlue Airways Corp. (A)	6,077		54,389
Mesa Air Group, Inc. (A)	734		2,415
SkyWest, Inc.	1,002		26,242
Southwest Airlines Company	10,995		391,532
Spirit Airlines, Inc. (A)	1,446		18,639
United Airlines Holdings, Inc. (A)	5,285		166,742
			1,265,043
Building products – 0.3%
AAON, Inc.	1,098		53,055
Advanced Drainage Systems, Inc.	1,309		38,537
American Woodmark Corp. (A)	361		16,451
AO Smith Corp.	3,408		128,856
Apogee Enterprises, Inc.	604		12,575
Armstrong Flooring, Inc. (A)	34		49
Armstrong World Industries, Inc.	1,009		80,135
Builders FirstSource, Inc. (A)	2,442		29,866
Cornerstone Building Brands, Inc. (A)	2,840		12,950
CSW Industrials, Inc.	335		21,725
Fortune Brands Home & Security, Inc.	2,903		125,555
Gibraltar Industries, Inc. (A)	685		29,400
Griffon Corp.	1,054		13,333
Insteel Industries, Inc.	463		6,135
JELD-WEN Holding, Inc. (A)	2,148		20,900
Johnson Controls International PLC	19,266		519,411
Lennox International, Inc.	798		145,068
Masco Corp.	5,915		204,482
Owens Corning	2,266		87,943
Patrick Industries, Inc.	506		14,249
PGT Innovations, Inc. (A)	1,295		10,865
Quanex Building Products Corp.	554		5,584
Resideo Technologies, Inc. (A)	2,645		12,802
Simpson Manufacturing Company, Inc.	929		57,579

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Trex Company, Inc. (A)	1,222	$	97,931
Universal Forest Products, Inc.	1,297		48,235
			1,793,671
Commercial services and supplies – 0.6%
ABM Industries, Inc.	1,396		34,007
ACCO Brands Corp.	2,109		10,650
ADT, Inc. (B)	15,587		67,336
Advanced Disposal Services, Inc. (A)	1,905		62,484
Aqua Metals, Inc. (A)	338		152
Brady Corp., Class A	1,122		50,636
BrightView Holdings, Inc. (A)	2,250		24,885
Casella Waste Systems, Inc., Class A (A)	1,031		40,271
CECO Environmental Corp. (A)	931		4,348
Charah Solutions, Inc. (A)	158		270
Cintas Corp.	2,141		370,864
Civeo Corp. (A)	3,042		1,253
Clean Harbors, Inc. (A)	1,183		60,735
Copart, Inc. (A)	4,818		330,129
Covanta Holding Corp.	2,894		24,744
Deluxe Corp.	899		23,311
Ennis, Inc.	594		11,155
Harsco Corp. (A)	1,720		11,988
Healthcare Services Group, Inc.	1,587		37,945
Heritage-Crystal Clean, Inc. (A)	532		8,640
Herman Miller, Inc.	1,134		25,175
HNI Corp.	909		22,898
Hudson Technologies, Inc. (A)	121		83
IAA, Inc. (A)	2,793		83,678
Interface, Inc.	1,246		9,420
KAR Auction Services, Inc.	2,713		32,556
Kimball International, Inc., Class B	828		9,861
Knoll, Inc.	1,051		10,846
Matthews International Corp., Class A	695		16,812
McGrath RentCorp	513		26,871
Mobile Mini, Inc.	943		24,735
MSA Safety, Inc.	810		81,972
NL Industries, Inc.	1,371		4,086
Odyssey Marine Exploration, Inc. (A)	70		235
Perma-Fix Environmental Services (A)	49		255
PICO Holdings, Inc. (A)	659		5,127
Pitney Bowes, Inc.	3,630		7,405
Quad/Graphics, Inc.	1,350		3,402
Republic Services, Inc.	6,655		499,524
Rollins, Inc.	6,834		246,981
RR Donnelley & Sons Company	1,850		1,773
SP Plus Corp. (A)	517		10,728
Steelcase, Inc., Class A	2,479		24,468
Stericycle, Inc. (A)	1,924		93,468
Swisher Hygiene, Inc. (A)(C)	450		0
Team, Inc. (A)	728		4,732
Tetra Tech, Inc.	1,153		81,425
The Brink's Company	1,052		54,757
UniFirst Corp.	395		59,681
US Ecology, Inc.	492		14,957
Viad Corp.	446		9,469
VSE Corp.	270		4,425
Waste Management, Inc.	8,848		818,971
			3,466,579
Construction and engineering – 0.1%
AECOM (A)	3,302		98,565
Aegion Corp. (A)	753		13,501
Ameresco, Inc., Class A (A)	1,046		17,813
Arcosa, Inc.	1,015		40,336
Argan, Inc.	361		12,480
Comfort Systems USA, Inc.	770		28,144

 

274

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Construction Partners, Inc., Class A (A)	1,162	$	19,626
Dycom Industries, Inc. (A)	667		17,109
EMCOR Group, Inc.	1,127		69,108
Fluor Corp.	3,029		20,930
Granite Construction, Inc.	1,014		15,393
Great Lakes Dredge & Dock Corp. (A)	1,462		12,135
HC2 Holdings, Inc. (A)	600		930
IES Holdings, Inc. (A)	485		8,560
Jacobs Engineering Group, Inc.	2,772		219,736
MasTec, Inc. (A)	1,596		52,237
MYR Group, Inc. (A)	381		9,978
Northwest Pipe Company (A)	252		5,607
Orion Group Holdings, Inc. (A)	985		2,561
Primoris Services Corp.	1,046		16,631
Quanta Services, Inc.	2,960		93,921
Sterling Construction Company, Inc. (A)	650		6,175
Tutor Perini Corp. (A)	1,152		7,741
Valmont Industries, Inc.	454		48,115
WillScot Corp. (A)	2,500		25,325
			862,657
Electrical equipment – 0.4%
Acuity Brands, Inc.	835		71,526
Allied Motion Technologies, Inc.	222		5,261
American Superconductor Corp. (A)	626		3,430
AMETEK, Inc.	4,757		342,599
Atkore International Group, Inc. (A)	995		20,965
AZZ, Inc.	556		15,635
Babcock & Wilcox Enterprises, Inc. (A)	755		770
Bloom Energy Corp., Class A (A)(B)	2,529		13,227
Eaton Corp. PLC	8,609		668,833
Emerson Electric Company	12,690		604,679
Encore Wire Corp.	450		18,896
Energous Corp. (A)	275		204
EnerSys	886		43,875
FuelCell Energy, Inc. (A)	3,886		5,868
GrafTech International, Ltd.	5,975		48,517
Hubbell, Inc.	1,122		128,738
LSI Industries, Inc.	53		200
nVent Electric PLC	3,539		59,703
Orion Energy Systems, Inc. (A)	438		1,621
Plug Power, Inc. (A)(B)	6,157		21,796
Powell Industries, Inc.	287		7,367
Preformed Line Products Company	126		6,279
Regal Beloit Corp.	864		54,389
Rockwell Automation, Inc.	2,406		363,089
Sunrun, Inc. (A)	2,507		25,321
Thermon Group Holdings, Inc. (A)	751		11,318
TPI Composites, Inc. (A)	781		11,543
Vicor Corp. (A)	865		38,527
Vivint Solar, Inc. (A)	2,705		11,821
			2,605,997
Industrial conglomerates – 1.1%
3M Company	11,986		1,636,209
Carlisle Companies, Inc.	1,146		143,571
General Electric Company	182,160		1,446,350
Honeywell International, Inc.	14,885		1,991,464
Icahn Enterprises LP	4,276		207,044
Raven Industries, Inc.	807		17,133
Roper Technologies, Inc.	2,167		675,692
			6,117,463
Machinery – 1.6%
AGCO Corp.	1,596		75,411
Alamo Group, Inc.	239		21,218
Albany International Corp., Class A	680		32,184

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Allison Transmission Holdings, Inc.	2,485	$	81,036
Altra Industrial Motion Corp.	1,367		23,909
Astec Industries, Inc.	516		18,045
Barnes Group, Inc.	1,066		44,591
Briggs & Stratton Corp.	970		1,756
Caterpillar, Inc.	11,527		1,337,593
Chart Industries, Inc. (A)	759		21,996
CIRCOR International, Inc. (A)	461		5,361
Colfax Corp. (A)	2,476		49,025
Columbus McKinnon Corp.	532		13,300
Commercial Vehicle Group, Inc. (A)	856		1,293
Crane Company	1,253		61,623
Cummins, Inc.	3,190		431,671
Deere & Company	6,569		907,573
Donaldson Company, Inc.	2,645		102,176
Douglas Dynamics, Inc.	435		15,447
Dover Corp.	3,020		253,499
Energy Recovery, Inc. (A)	1,268		9,434
Enerpac Tool Group Corp.	1,293		21,399
EnPro Industries, Inc.	467		18,484
ESCO Technologies, Inc.	542		41,143
Evoqua Water Technologies Corp. (A)	2,421		27,139
Federal Signal Corp.	1,279		34,891
Flowserve Corp.	2,742		65,506
Fortive Corp.	6,996		386,109
Franklin Electric Company, Inc.	987		46,517
Gates Industrial Corp. PLC (A)	6,148		45,372
Gencor Industries, Inc. (A)	428		4,494
Graco, Inc.	3,387		165,049
Graham Corp.	310		3,999
Helios Technologies, Inc.	706		26,772
Hillenbrand, Inc.	1,583		30,251
Hurco Companies, Inc.	183		5,325
Hyster-Yale Materials Handling, Inc.	296		11,867
IDEX Corp.	1,569		216,695
Illinois Tool Works, Inc.	6,688		950,499
Ingersoll Rand, Inc. (A)	4,302		106,690
ITT, Inc.	1,833		83,145
John Bean Technologies Corp.	667		49,538
Kadant, Inc.	213		15,900
Kennametal, Inc.	1,782		33,181
LB Foster Company, Class A (A)	298		3,683
Lincoln Electric Holdings, Inc.	1,278		88,182
Lindsay Corp.	240		21,979
Lydall, Inc. (A)	434		2,804
Mayville Engineering Company, Inc. (A)	522		3,200
Meritor, Inc. (A)	1,632		21,624
Miller Industries, Inc.	293		8,286
Mueller Industries, Inc.	1,297		31,050
Mueller Water Products, Inc., Class A	3,339		26,745
Navistar International Corp. (A)	2,092		34,497
NN, Inc.	766		1,325
Nordson Corp.	1,180		159,383
Omega Flex, Inc.	223		18,821
Oshkosh Corp.	1,434		92,249
PACCAR, Inc.	7,208		440,625
Parker-Hannifin Corp.	2,676		347,157
Park-Ohio Holdings Corp.	316		5,985
Proto Labs, Inc. (A)	565		43,013
RBC Bearings, Inc. (A)	524		59,102
REV Group, Inc.	1,210		5,046
Rexnord Corp.	2,363		53,569
Snap-on, Inc.	1,094		119,049
Spartan Motors, Inc.	809		10,444
SPX Corp. (A)	948		30,943

 

275

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
SPX FLOW, Inc. (A)	923	$	26,232
Standex International Corp.	280		13,726
Stanley Black & Decker, Inc.	3,164		316,400
Tennant Company	380		22,021
Terex Corp.	1,554		22,315
The Eastern Company	202		3,939
The ExOne Company (A)	89		569
The Gorman-Rupp Company	603		18,820
The Greenbrier Companies, Inc.	586		10,396
The Manitowoc Company, Inc. (A)	864		7,344
The Middleby Corp. (A)(B)	1,172		66,663
The Timken Company	1,583		51,194
The Toro Company	2,191		142,612
Titan International, Inc.	1,677		2,599
TriMas Corp. (A)	1,035		23,909
Trinity Industries, Inc.	2,605		41,862
Twin Disc, Inc. (A)	354		2,471
Wabash National Corp.	1,110		8,014
WABCO Holdings, Inc. (A)	1,061		143,288
Wabtec Corp.	4,004		192,713
Watts Water Technologies, Inc., Class A	714		60,440
Welbilt, Inc. (A)	2,974		15,257
Woodward, Inc.	1,298		77,153
Xylem, Inc.	3,751		244,303
			9,041,107
Marine – 0.0%
Eagle Bulk Shipping, Inc. (A)(B)	1,931		3,572
Kirby Corp. (A)	1,269		55,163
Matson, Inc.	933		28,568
			87,303
Professional services – 0.4%
Acacia Research Corp. (A)	1,686		3,743
ASGN, Inc. (A)	1,106		39,064
Barrett Business Services, Inc.	173		6,858
CBIZ, Inc. (A)	1,144		23,932
CoStar Group, Inc. (A)	763		448,041
CRA International, Inc.	188		6,281
Equifax, Inc.	2,524		301,492
Exponent, Inc.	1,082		77,807
Forrester Research, Inc. (A)	420		12,277
Franklin Covey Company (A)	341		5,299
FTI Consulting, Inc. (A)	782		93,660
Heidrick & Struggles International, Inc.	459		10,328
Huron Consulting Group, Inc. (A)	481		21,818
ICF International, Inc.	392		26,930
InnerWorkings, Inc. (A)	1,440		1,685
Insperity, Inc.	843		31,444
Kelly Services, Inc., Class A	813		10,317
Kforce, Inc.	509		13,015
Korn Ferry	1,163		28,284
ManpowerGroup, Inc.	1,229		65,125
Mastech Digital, Inc. (A)	89		1,143
Mistras Group, Inc. (A)	754		3,212
Red Violet, Inc. (A)	140		2,520
Rekor Systems, Inc. (A)	270		999
Resources Connection, Inc.	781		8,568
Robert Half International, Inc.	2,452		92,563
TransUnion	3,927		259,889
TriNet Group, Inc. (A)	1,465		55,172
TrueBlue, Inc. (A)	816		10,412
Upwork, Inc. (A)	2,419		15,603
Verisk Analytics, Inc.	3,416		476,122
Willdan Group, Inc. (A)	264		5,642
			2,159,245

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Road and rail – 1.1%
AMERCO	390	$	113,315
ArcBest Corp.	604		10,582
Avis Budget Group, Inc. (A)	1,553		21,587
Covenant Transportation Group, Inc., Class A (A)	501		4,344
CSX Corp.	16,220		929,406
Daseke, Inc. (A)	1,184		1,658
Heartland Express, Inc.	1,853		34,410
Hertz Global Holdings, Inc. (A)	3,014		18,627
J.B. Hunt Transport Services, Inc.	2,186		201,615
Kansas City Southern	2,068		263,008
Knight-Swift Transportation Holdings, Inc.	3,604		118,211
Landstar System, Inc.	714		68,444
Lyft, Inc., Class A (A)(B)	6,240		167,544
Marten Transport, Ltd.	1,111		22,798
Norfolk Southern Corp.	5,438		793,948
Old Dominion Freight Line, Inc.	2,447		321,128
P.A.M. Transportation Services, Inc. (A)	163		5,012
Roadrunner Transportation Systems, Inc. (A)	897		2,287
Ryder System, Inc.	1,136		30,036
Saia, Inc. (A)	560		41,182
Schneider National, Inc., Class B	3,821		73,898
Uber Technologies, Inc. (A)	35,600		993,952
Union Pacific Corp.	14,468		2,040,567
Universal Logistics Holdings, Inc.	647		8,476
Werner Enterprises, Inc. (B)	1,462		53,012
YRC Worldwide, Inc. (A)	513		862
			6,339,909
Trading companies and distributors – 0.3%
Air Lease Corp.	2,357		52,184
Applied Industrial Technologies, Inc.	808		36,942
Beacon Roofing Supply, Inc. (A)	1,448		23,950
BlueLinx Holdings, Inc. (A)	138		683
BMC Stock Holdings, Inc. (A)	1,408		24,964
CAI International, Inc. (A)	399		5,642
DXP Enterprises, Inc. (A)	424		5,198
EVI Industries, Inc. (A)	281		4,434
Fastenal Company	11,962		373,813
Fortress Transportation & Infrastructure Investors LLC	1,753		14,375
Foundation Building Materials, Inc. (A)	982		10,105
GATX Corp.	734		45,919
GMS, Inc. (A)	892		14,031
H&E Equipment Services, Inc.	706		10,364
HD Supply Holdings, Inc. (A)	3,459		98,339
Herc Holdings, Inc. (A)	600		12,276
Kaman Corp.	587		22,582
Lawson Products, Inc. (A)	105		2,806
MRC Global, Inc. (A)	1,913		8,149
MSC Industrial Direct Company, Inc., Class A	1,142		62,776
NOW, Inc. (A)	2,361		12,183
Rush Enterprises, Inc., Class A	785		25,057
SiteOne Landscape Supply, Inc. (A)	878		64,638
Systemax, Inc.	859		15,230
Textainer Group Holdings, Ltd. (A)	1,307		10,744
Titan Machinery, Inc. (A)	554		4,814
United Rentals, Inc. (A)	1,569		161,450
Univar Solutions, Inc. (A)	3,580		38,378
Veritiv Corp. (A)	416		3,270
W.W. Grainger, Inc.	1,121		278,569
Watsco, Inc.	784		123,896
WESCO International, Inc. (A)	886		20,245

 

276

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Willis Lease Finance Corp. (A)	124	$	3,298
			1,591,304
			49,174,141
Information technology – 23.5%
Communications equipment – 1.0%
Acacia Communications, Inc. (A)	864		58,044
ADTRAN, Inc.	1,229		9,439
Applied Optoelectronics, Inc. (A)(B)	524		3,977
Arista Networks, Inc. (A)	1,595		323,067
CalAmp Corp. (A)	820		3,690
Calix, Inc. (A)	1,308		9,261
Cambium Networks Corp. (A)	638		3,573
Casa Systems, Inc. (A)	2,022		7,077
Ciena Corp. (A)	3,228		128,507
Cisco Systems, Inc.	88,417		3,475,672
Clearfield, Inc. (A)	398		4,716
CommScope Holding Company, Inc. (A)	4,134		37,661
Comtech Telecommunications Corp.	548		7,283
DASAN Zhone Solutions, Inc. (A)	566		2,372
Digi International, Inc. (A)	683		6,516
EchoStar Corp., Class A (A)	2,059		65,826
Extreme Networks, Inc. (A)	2,767		8,550
F5 Networks, Inc. (A)	1,266		134,994
Harmonic, Inc. (A)	2,084		12,004
Infinera Corp. (A)	3,517		18,640
Inseego Corp. (A)(B)	1,798		11,202
InterDigital, Inc.	665		29,679
Juniper Networks, Inc.	6,983		133,655
KVH Industries, Inc. (A)	504		4,753
Lumentum Holdings, Inc. (A)	1,617		119,173
Motorola Solutions, Inc.	3,551		471,999
NETGEAR, Inc. (A)	654		14,937
NetScout Systems, Inc. (A)	1,586		37,541
Plantronics, Inc.	893		8,984
Powerwave Technologies, Inc. (A)(C)	912		0
Resonant, Inc. (A)	781		1,156
Ribbon Communications, Inc. (A)	2,627		7,960
Ubiquiti, Inc. (B)	1,355		191,841
ViaSat, Inc. (A)	1,289		46,301
Viavi Solutions, Inc. (A)	4,848		54,346
			5,454,396
Electronic equipment, instruments and components – 0.6%
Akoustis Technologies, Inc. (A)(B)	872		4,683
Amphenol Corp., Class A	6,174		449,961
Anixter International, Inc. (A)	708		62,212
Arlo Technologies, Inc. (A)	1,497		3,638
Arrow Electronics, Inc. (A)	1,699		88,127
Avnet, Inc.	2,129		53,438
Badger Meter, Inc.	609		32,642
Bel Fuse, Inc., Class B	346		3,370
Belden, Inc.	915		33,013
Benchmark Electronics, Inc.	800		15,992
CDW Corp.	2,997		279,530
Cognex Corp.	3,577		151,021
Coherent, Inc. (A)	509		54,163
Corning, Inc.	16,061		329,893
CTS Corp.	670		16,676
Daktronics, Inc.	1,227		6,049
Dolby Laboratories, Inc., Class A	2,087		113,136
ePlus, Inc. (A)	286		17,909
FARO Technologies, Inc. (A)	391		17,400
Fitbit, Inc., Class A (A)	5,587		37,209
FLIR Systems, Inc.	2,804		89,420
II-VI, Inc. (A)	1,909		54,407

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Insight Enterprises, Inc. (A)	738	$	31,092
Intellicheck, Inc. (A)	162		549
IPG Photonics Corp. (A)	1,111		122,521
Iteris, Inc. (A)	1,032		3,302
Itron, Inc. (A)	841		46,953
Jabil, Inc.	3,188		78,361
KEMET Corp.	1,246		30,103
Keysight Technologies, Inc. (A)	3,913		327,440
Kimball Electronics, Inc. (A)	601		6,563
Knowles Corp. (A)	1,955		26,158
Littelfuse, Inc.	508		67,777
Luna Innovations, Inc. (A)	135		830
Methode Electronics, Inc.	804		21,250
MicroVision, Inc. (A)	664		115
MTS Systems Corp.	425		9,563
Napco Security Technologies, Inc. (A)	429		6,508
National Instruments Corp.	2,741		90,672
Netlist, Inc. (A)	2,025		597
nLight, Inc. (A)	848		8,896
Novanta, Inc. (A)	739		59,031
OSI Systems, Inc. (A)	385		26,534
PAR Technology Corp. (A)(B)	370		4,758
PC Connection, Inc.	517		21,306
Plexus Corp. (A)	612		33,391
Powerfleet, Inc. (A)	111		384
Research Frontiers, Inc. (A)	131		307
Rogers Corp. (A)	393		37,107
Sanmina Corp. (A)	1,469		40,074
ScanSource, Inc. (A)	542		11,593
SYNNEX Corp.	1,067		77,998
Tech Data Corp. (A)	739		96,698
Trimble, Inc. (A)	5,203		165,611
TTM Technologies, Inc. (A)	2,254		23,306
Vishay Intertechnology, Inc.	3,039		43,792
Vishay Precision Group, Inc. (A)	306		6,144
Zebra Technologies Corp., Class A (A)	1,129		207,284
			3,648,457
IT services – 4.8%
Akamai Technologies, Inc. (A)	3,364		307,772
Alliance Data Systems Corp.	959		32,270
Automatic Data Processing, Inc.	9,009		1,231,350
Black Knight, Inc. (A)	3,121		181,205
Booz Allen Hamilton Holding Corp.	2,924		200,703
Brightcove, Inc. (A)	983		6,852
Broadridge Financial Solutions, Inc.	2,388		226,454
CACI International, Inc., Class A (A)	523		110,431
Cardtronics PLC, Class A (A)	953		19,937
Cass Information Systems, Inc.	256		9,001
Cognizant Technology Solutions Corp., Class A	11,410		530,223
Conduent, Inc. (A)	4,621		11,321
CoreLogic, Inc.	1,659		50,666
CSG Systems International, Inc.	691		28,918
DXC Technology Company	5,359		69,935
Endurance International Group Holdings, Inc. (A)	3,270		6,311
EPAM Systems, Inc. (A)	1,146		212,766
Euronet Worldwide, Inc. (A)	1,131		96,949
Evo Payments, Inc., Class A (A)	1,768		27,050
Exela Technologies, Inc. (A)	439		90
ExlService Holdings, Inc. (A)	712		37,045
Fastly, Inc., Class A (A)	1,995		37,865
Fidelity National Information Services, Inc.	12,803		1,557,357

 

277

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Fiserv, Inc. (A)	14,164	$	1,345,438
FleetCor Technologies, Inc. (A)	1,808		337,264
Gartner, Inc. (A)	1,864		185,598
Genpact, Ltd.	3,996		116,683
Global Payments, Inc.	6,268		904,034
GoDaddy, Inc., Class A (A)	3,593		205,196
GreenSky, Inc., Class A (A)	3,876		14,806
I3 Verticals, Inc., Class A (A)	606		11,569
IBM Corp.	18,449		2,046,548
Information Services Group, Inc. (A)	1,409		3,621
Jack Henry & Associates, Inc.	1,600		248,384
KBR, Inc.	2,986		61,750
Leidos Holdings, Inc.	2,952		270,551
Limelight Networks, Inc. (A)	2,664		15,185
LiveRamp Holdings, Inc. (A)	1,431		47,109
ManTech International Corp., Class A	840		61,043
Mastercard, Inc., Class A	21,028		5,079,524
MAXIMUS, Inc.	1,327		77,231
MoneyGram International, Inc. (A)	1,519		1,990
MongoDB, Inc. (A)	1,175		160,435
NIC, Inc.	1,395		32,085
Okta, Inc. (A)	2,436		297,825
Paychex, Inc.	7,449		468,691
PayPal Holdings, Inc. (A)	24,473		2,343,045
Paysign, Inc. (A)(B)	1,105		5,702
Perficient, Inc. (A)	713		19,315
Perspecta, Inc.	3,393		61,888
PRGX Global, Inc. (A)	47		132
Sabre Corp.	5,716		33,896
Science Applications International Corp.	1,206		90,004
ServiceSource International, Inc. (A)	2,601		2,281
Square, Inc., Class A (A)	8,963		469,482
StarTek, Inc. (A)	653		2,455
Switch, Inc., Class A	5,110		73,737
Sykes Enterprises, Inc. (A)	904		24,516
The Hackett Group, Inc.	696		8,853
The Western Union Company	8,741		158,474
TTEC Holdings, Inc.	986		36,206
Twilio, Inc., Class A (A)(B)	2,862		256,120
Unisys Corp. (A)	1,343		16,586
VeriSign, Inc. (A)	2,442		439,780
Verra Mobility Corp. (A)	3,363		24,012
Virtusa Corp. (A)	634		18,006
Visa, Inc., Class A	41,048		6,613,654
WEX, Inc. (A)	903		94,409
			27,777,584
Semiconductors and semiconductor equipment – 3.9%
ACM Research, Inc., Class A (A)	406		12,022
Adesto Technologies Corp. (A)	695		7,777
Advanced Energy Industries, Inc. (A)	809		39,228
Advanced Micro Devices, Inc. (A)	23,222		1,056,137
Alpha & Omega Semiconductor, Ltd. (A)	622		3,987
Ambarella, Inc. (A)	706		34,283
Amkor Technology, Inc. (A)	5,075		39,534
Analog Devices, Inc.	7,674		687,974
Applied Materials, Inc.	19,261		882,539
Atomera, Inc. (A)	385		1,348
Axcelis Technologies, Inc. (A)	734		13,440
AXT, Inc. (A)	135		433
Broadcom, Inc.	8,266		1,959,869
Brooks Automation, Inc.	1,532		46,726
Cabot Microelectronics Corp.	612		69,854
CEVA, Inc. (A)	512		12,764
Cirrus Logic, Inc. (A)	1,209		79,347
Cohu, Inc.	925		11,452

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Cree, Inc. (A)	2,258	$	80,069
CyberOptics Corp. (A)	12		205
Cypress Semiconductor Corp.	7,736		180,404
Diodes, Inc. (A)	1,072		43,561
DSP Group, Inc. (A)	596		7,986
Enphase Energy, Inc. (A)	2,514		81,177
Entegris, Inc.	2,799		125,311
Everspin Technologies, Inc. (A)	103		270
First Solar, Inc. (A)	2,209		79,657
FormFactor, Inc. (A)	1,518		30,497
GSI Technology, Inc. (A)	205		1,427
Ichor Holdings, Ltd. (A)	384		7,357
Impinj, Inc. (A)	486		8,121
Inphi Corp. (A)	960		76,003
Intel Corp.	90,661		4,906,573
KLA Corp.	3,289		472,761
Kulicke & Soffa Industries, Inc.	1,405		29,322
Lam Research Corp.	3,023		725,520
Lattice Semiconductor Corp. (A)	2,843		50,662
MACOM Technology Solutions Holdings, Inc. (A)	1,335		25,272
Marvell Technology Group, Ltd.	14,013		317,114
Maxim Integrated Products, Inc.	5,628		273,577
MaxLinear, Inc. (A)	1,515		17,680
Microchip Technology, Inc. (B)	4,982		337,780
Micron Technology, Inc. (A)	23,106		971,838
MKS Instruments, Inc.	1,142		93,016
Monolithic Power Systems, Inc.	906		151,719
NeoPhotonics Corp. (A)	1,119		8,113
NVE Corp.	120		6,244
NVIDIA Corp.	12,757		3,362,745
ON Semiconductor Corp. (A)	8,589		106,847
Onto Innovation, Inc. (A)	982		29,136
PDF Solutions, Inc. (A)	745		8,731
Photronics, Inc. (A)	1,478		15,164
Pixelworks, Inc. (A)	1,060		3,021
Power Integrations, Inc.	616		54,411
Qorvo, Inc. (A)	2,425		195,528
QUALCOMM, Inc.	23,805		1,610,408
Rambus, Inc. (A)	2,420		26,862
Rubicon Technology, Inc. (A)	161		1,209
Semtech Corp. (A)	1,393		52,238
Silicon Laboratories, Inc. (A)	910		77,723
SiTime Corp. (A)	232		5,051
Skyworks Solutions, Inc.	3,552		317,478
SMART Global Holdings, Inc. (A)	535		13,001
SunPower Corp. (A)	3,285		16,655
Synaptics, Inc. (A)	681		39,409
Teradyne, Inc.	3,501		189,649
Texas Instruments, Inc.	19,475		1,946,137
Ultra Clean Holdings, Inc. (A)	883		12,185
Universal Display Corp.	985		129,803
Veeco Instruments, Inc. (A)	1,119		10,709
Xilinx, Inc.	5,244		408,717
Xperi Corp.	1,020		14,188
			22,714,955
Software – 8.8%
2U, Inc. (A)	1,345		28,541
8x8, Inc. (A)	2,122		29,411
A10 Networks, Inc. (A)	1,809		11,234
ACI Worldwide, Inc. (A)	2,427		58,612
Adobe, Inc. (A)	10,087		3,210,087
Agilysys, Inc. (A)	564		9,419
Alarm.com Holdings, Inc. (A)	1,025		39,883
Altair Engineering, Inc., Class A (A)	1,540		40,810

 

278

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Alteryx, Inc., Class A (A)	1,359	$	129,336
American Software, Inc., Class A	679		9,649
Anaplan, Inc. (A)	2,761		83,548
ANSYS, Inc. (A)	1,783		414,494
Appfolio, Inc., Class A (A)	718		79,662
Appian Corp. (A)(B)	1,411		56,765
Aspen Technology, Inc. (A)	1,425		135,475
Autodesk, Inc. (A)	4,587		716,031
Avalara, Inc. (A)	1,613		120,330
Avaya Holdings Corp. (A)	2,155		17,434
Benefitfocus, Inc. (A)	722		6,433
Bill.Com Holdings, Inc. (A)(B)	1,427		48,803
Blackbaud, Inc.	1,029		57,161
Blackline, Inc. (A)	1,170		61,554
Bottomline Technologies DE, Inc. (A)	930		34,085
Box, Inc., Class A (A)	3,163		44,409
Cadence Design Systems, Inc. (A)	5,848		386,202
CDK Global, Inc.	2,527		83,012
Cerence, Inc. (A)	788		12,135
Ceridian HCM Holding, Inc. (A)	3,010		150,711
ChannelAdvisor Corp. (A)	697		5,060
Citrix Systems, Inc.	2,709		383,459
Cloudera, Inc. (A)	5,998		47,204
Cloudflare, Inc., Class A (A)(B)	6,057		142,218
CommVault Systems, Inc. (A)	969		39,225
Cornerstone OnDemand, Inc. (A)	1,274		40,450
Coupa Software, Inc. (A)	1,333		186,260
Crowdstrike Holdings, Inc., Class A (A)	4,295		239,146
Datadog, Inc., Class A (A)	6,166		221,853
Digimarc Corp. (A)	294		3,837
DocuSign, Inc. (A)	3,744		345,946
Domo, Inc., Class B (A)	622		6,183
Dropbox, Inc., Class A (A)	8,678		157,072
Dynatrace, Inc. (A)	5,749		137,056
Ebix, Inc.	651		9,882
eGain Corp. (A)	755		5,534
Envestnet, Inc. (A)	1,101		59,212
Everbridge, Inc. (A)	708		75,303
Fair Isaac Corp. (A)	603		185,537
FireEye, Inc. (A)	4,573		48,382
Five9, Inc. (A)	1,276		97,563
ForeScout Technologies, Inc. (A)	1,008		31,843
Fortinet, Inc. (A)	3,570		361,177
GlobalSCAPE, Inc.	457		3,254
Guidewire Software, Inc. (A)	1,721		136,493
HubSpot, Inc. (A)	893		118,939
Intelligent Systems Corp. (A)	199		6,764
Intuit, Inc.	5,422		1,247,060
j2 Global, Inc.	989		74,027
LivePerson, Inc. (A)	1,406		31,987
LogMeIn, Inc.	1,019		84,862
Manhattan Associates, Inc. (A)	1,337		66,609
Medallia, Inc. (A)(B)	2,506		50,220
Microsoft Corp.	158,996		25,075,259
MicroStrategy, Inc., Class A (A)	221		26,100
Mitek Systems, Inc. (A)	911		7,179
MobileIron, Inc. (A)	2,654		10,085
Model N, Inc. (A)	719		15,969
New Relic, Inc. (A)	1,234		57,060
NortonLifeLock, Inc.	13,051		244,184
Nuance Communications, Inc. (A)	5,919		99,321
Nutanix, Inc., Class A (A)(B)	3,956		62,505
OneSpan, Inc. (A)	910		16,517
Oracle Corp.	68,391		3,305,337
Pagerduty, Inc. (A)	1,640		28,339

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Palo Alto Networks, Inc. (A)	2,041	$	334,642
Paycom Software, Inc. (A)	1,218		246,048
Paylocity Holding Corp. (A)	1,121		99,007
Pegasystems, Inc.	1,661		118,313
Ping Identity Holding Corp. (A)	1,506		30,150
Pluralsight, Inc., Class A (A)	2,973		32,644
Progress Software Corp.	952		30,464
Proofpoint, Inc. (A)	1,180		121,056
PROS Holdings, Inc. (A)	881		27,337
PTC, Inc. (A)	2,421		148,189
Q2 Holdings, Inc. (A)	1,009		59,592
Qualys, Inc. (A)(B)	812		70,636
Rapid7, Inc. (A)	1,045		45,280
RealPage, Inc. (A)	1,984		105,013
Rimini Street, Inc. (A)	1,519		6,213
RingCentral, Inc., Class A (A)	1,564		331,427
Riot Blockchain, Inc. (A)	133		111
Rosetta Stone, Inc. (A)	455		6,379
SailPoint Technologies Holding, Inc. (A)	1,899		28,903
salesforce.com, Inc. (A)	18,487		2,661,758
Seachange International, Inc. (A)	312		1,161
SecureWorks Corp., Class A (A)	1,619		18,635
ServiceNow, Inc. (A)	3,931		1,126,546
SharpSpring, Inc. (A)	74		448
ShotSpotter, Inc. (A)	262		7,200
Slack Technologies, Inc., Class A (A)	11,350		304,634
Smartsheet, Inc., Class A (A)	2,404		99,790
Smith Micro Software, Inc. (A)	408		1,718
SolarWinds Corp. (A)(B)	6,524		102,231
Splunk, Inc. (A)	3,253		410,626
Sprout Social, Inc., Class A (A)	881		14,061
SPS Commerce, Inc. (A)	728		33,859
SS&C Technologies Holdings, Inc.	5,271		230,975
SVMK, Inc. (A)	2,843		38,409
Synchronoss Technologies, Inc. (A)	1,177		3,590
Synopsys, Inc. (A)	3,131		403,241
Telaria, Inc. (A)	764		4,584
Telenav, Inc. (A)	1,183		5,111
Tenable Holdings, Inc. (A)	2,078		45,425
Teradata Corp. (A)	2,393		49,033
The Trade Desk, Inc., Class A (A)	942		181,806
THQ, Inc. (A)(C)	234		0
TiVo Corp.	2,831		20,043
Tyler Technologies, Inc. (A)	811		240,510
Upland Software, Inc. (A)	553		14,831
Varonis Systems, Inc. (A)	646		41,131
Verint Systems, Inc. (A)	1,399		60,157
Veritone, Inc. (A)	355		827
VirnetX Holding Corp. (A)(B)	1,593		8,714
VMware, Inc., Class A (A)	8,516		1,031,288
Workday, Inc., Class A (A)	4,796		624,535
Workiva, Inc. (A)	982		31,748
Yext, Inc. (A)	2,432		24,782
Zendesk, Inc. (A)	2,343		149,975
Zix Corp. (A)	1,285		5,538
Zoom Video Communications, Inc., Class A (A)	5,706		833,761
Zscaler, Inc. (A)(B)	2,677		162,922
Zuora, Inc., Class A (A)	2,388		19,223
			50,528,928
Technology hardware, storage and peripherals – 4.4%
3D Systems Corp. (A)	2,572		19,830
Apple, Inc.	92,613		23,550,560
AstroNova, Inc.	233		1,808
Avid Technology, Inc. (A)	1,003		6,750

 

279

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Dell Technologies, Inc., Class C (A)	15,102	$	597,284
Diebold Nixdorf, Inc. (A)	1,715		6,037
Eastman Kodak Company (A)	667		1,154
Hewlett Packard Enterprise Company	27,021		262,374
HP, Inc.	30,899		536,407
Immersion Corp. (A)	809		4,336
Intevac, Inc. (A)	745		3,047
NCR Corp. (A)	2,675		47,348
NetApp, Inc.	4,771		198,903
Pure Storage, Inc., Class A (A)	5,381		66,186
Western Digital Corp.	6,210		258,460
Xerox Holdings Corp.	4,522		85,647
			25,646,131
			135,770,451
Materials – 2.1%
Chemicals – 1.2%
Advanced Emissions Solutions, Inc.	7		46
AdvanSix, Inc. (A)	524		4,999
Air Products & Chemicals, Inc.	4,592		916,609
Albemarle Corp.	2,218		125,029
American Vanguard Corp.	728		10,527
Amyris, Inc. (A)(B)	2,008		5,140
Ashland Global Holdings, Inc.	1,269		63,539
Axalta Coating Systems, Ltd. (A)	4,916		84,899
Balchem Corp.	681		67,228
Cabot Corp.	1,218		31,814
Celanese Corp.	2,524		185,236
CF Industries Holdings, Inc.	4,552		123,814
Chase Corp.	194		15,964
Ciner Resources LP	434		4,496
Corteva, Inc.	15,630		367,305
CVR Nitrogen LP (A)(C)	1,086		195
Dow, Inc.	15,484		452,752
DuPont de Nemours, Inc.	15,459		527,152
Eastman Chemical Company	2,842		132,380
Ecolab, Inc.	6,006		935,915
Ferro Corp. (A)	1,770		16,567
Flotek Industries, Inc. (A)	796		708
FMC Corp.	2,710		221,380
FutureFuel Corp.	1,090		12,284
GCP Applied Technologies, Inc. (A)	1,572		27,982
Hawkins, Inc.	266		9,470
HB Fuller Company	1,076		30,053
Huntsman Corp.	4,750		68,543
Ingevity Corp. (A)	884		31,117
Innospec, Inc.	517		35,926
International Flavors & Fragrances, Inc. (B)	2,226		227,230
Intrepid Potash, Inc. (A)	3,457		2,766
Koppers Holdings, Inc. (A)	482		5,962
Kraton Corp. (A)	660		5,346
Kronos Worldwide, Inc.	2,526		21,319
Livent Corp. (A)	3,162		16,601
LSB Industries, Inc. (A)	308		647
Marrone Bio Innovations, Inc. (A)	3,996		3,264
Minerals Technologies, Inc.	783		28,392
NewMarket Corp.	224		85,763
Olin Corp.	3,408		39,771
OMNOVA Solutions, Inc. (A)	1,101		11,164
PolyOne Corp.	1,723		32,685
PPG Industries, Inc.	4,929		412,064
PQ Group Holdings, Inc. (A)	2,904		31,654
Quaker Chemical Corp.	313		39,526
Rayonier Advanced Materials, Inc.	1,194		1,266
RPM International, Inc.	2,710		161,245

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Sensient Technologies Corp.	887	$	38,593
Stepan Company	476		42,107
The Chemours Company	3,379		29,972
The Mosaic Company	7,960		86,127
The Scotts Miracle-Gro Company	1,167		119,501
The Sherwin-Williams Company	1,923		883,657
Trecora Resources (A)	757		4,504
Tredegar Corp.	832		13,004
Trinseo SA	852		15,430
Valhi, Inc.	7,927		8,165
Valvoline, Inc.	3,938		51,548
W.R. Grace & Company	1,393		49,591
Westlake Chemical Corp.	2,693		102,792
Westlake Chemical Partners LP	799		11,809
			7,092,534
Construction materials – 0.1%
Eagle Materials, Inc.	865		50,533
Forterra, Inc. (A)	1,414		8,456
Martin Marietta Materials, Inc.	1,300		245,999
Summit Materials, Inc., Class A (A)	2,396		35,940
U.S. Concrete, Inc. (A)	374		6,784
United States Lime & Minerals, Inc.	134		9,896
Vulcan Materials Company	2,752		297,409
			655,017
Containers and packaging – 0.4%
AptarGroup, Inc.	1,305		129,900
Avery Dennison Corp.	1,742		177,458
Ball Corp.	6,890		445,507
Berry Global Group, Inc. (A)	2,763		93,141
Crown Holdings, Inc. (A)	2,887		167,561
Graphic Packaging Holding Company	6,094		74,347
Greif, Inc., Class A	1,049		32,613
International Paper Company	8,191		254,986
Myers Industries, Inc.	844		9,073
O-I Glass, Inc.	3,338		23,733
Packaging Corp. of America	1,979		171,837
Sealed Air Corp.	3,234		79,912
Silgan Holdings, Inc.	2,253		65,382
Sonoco Products Company	2,017		93,488
UFP Technologies, Inc. (A)	81		3,085
Westrock Company	5,408		152,830
			1,974,853
Metals and mining – 0.4%
Alcoa Corp. (A)	4,059		25,003
Allegheny Technologies, Inc. (A)	2,687		22,840
Carpenter Technology Corp.	1,071		20,885
Century Aluminum Company (A)	2,194		7,942
Cleveland-Cliffs, Inc. (B)	8,361		33,026
Coeur Mining, Inc. (A)	5,000		16,050
Commercial Metals Company	2,612		41,243
Compass Minerals International, Inc.	766		29,468
Freeport-McMoRan, Inc.	30,513		205,963
Friedman Industries, Inc.	13		57
General Moly, Inc. (A)	4,421		707
Haynes International, Inc.	334		6,884
Hecla Mining Company	10,978		19,980
Kaiser Aluminum Corp.	367		25,426
Materion Corp.	423		14,809
Newmont Corp.	17,170		777,458
Nucor Corp.	6,446		232,185
Olympic Steel, Inc.	344		3,560
Ramaco Resources, Inc. (A)	924		2,208
Rare Element Resources, Ltd. (A)	2,635		1,456
Reliance Steel & Aluminum Company	1,427		124,991

 

280

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Royal Gold, Inc.	1,406	$	123,320
Ryerson Holding Corp. (A)	938		4,990
Schnitzer Steel Industries, Inc., Class A	654		8,528
Silver Bull Resources, Inc. (A)	13,052		707
Solitario Zinc Corp. (A)	2,505		500
Southern Copper Corp.	16,320		459,571
Steel Dynamics, Inc.	4,698		105,893
SunCoke Energy, Inc.	2,119		8,158
TimkenSteel Corp. (A)	1,209		3,905
United States Steel Corp. (B)	3,560		22,464
Universal Stainless & Alloy Products, Inc. (A)	144		1,110
Warrior Met Coal, Inc.	968		10,280
Worthington Industries, Inc.	1,259		33,049
			2,394,616
Paper and forest products – 0.0%
Boise Cascade Company	849		20,189
Clearwater Paper Corp. (A)	390		8,506
Louisiana-Pacific Corp.	2,491		42,795
Neenah, Inc.	345		14,880
PH Glatfelter Company	999		12,208
Pope Resources a Delaware LP	21		1,802
Schweitzer-Mauduit International, Inc.	627		17,443
Verso Corp., Class A (A)	768		8,663
			126,486
			12,243,506
Real estate – 3.5%
Equity real estate investment trusts – 3.4%
Acadia Realty Trust	1,860		23,045
Agree Realty Corp.	883		54,658
Alexander & Baldwin, Inc.	1,588		17,817
Alexander's, Inc.	108		29,803
Alexandria Real Estate Equities, Inc.	2,408		330,040
American Assets Trust, Inc.	1,271		31,775
American Campus Communities, Inc.	2,883		80,003
American Finance Trust, Inc.	2,393		14,956
American Homes 4 Rent, Class A	6,327		146,786
American Tower Corp.	9,231		2,010,050
Americold Realty Trust	4,031		137,215
Apartment Investment & Management Company, A Shares	3,132		110,090
Apple Hospitality REIT, Inc.	4,752		43,576
Armada Hoffler Properties, Inc.	1,229		13,150
Ashford Hospitality Trust, Inc.	2,875		2,125
AvalonBay Communities, Inc.	2,906		427,676
Bluerock Residential Growth REIT, Inc.	731		4,072
Boston Properties, Inc.	3,224		297,350
Braemar Hotels & Resorts, Inc.	978		1,663
Brandywine Realty Trust	3,857		40,576
Brixmor Property Group, Inc.	6,250		59,375
BRT Apartments Corp.	385		3,946
Camden Property Trust	1,982		157,054
Career Education Corp.	5,157		18,720
CareTrust REIT, Inc.	2,053		30,364
CatchMark Timber Trust, Inc., Class A	1,315		9,494
CBL & Associates Properties, Inc. (A)	4,721		945
Cedar Realty Trust, Inc.	2,499		2,332
Chatham Lodging Trust	1,057		6,279
CIM Commercial Trust Corp.	337		3,737
Clipper Realty, Inc.	526		2,725
Colony Capital, Inc.	10,479		18,338
Columbia Property Trust, Inc.	2,547		31,838
Community Healthcare Trust, Inc.	472		18,068
Condor Hospitality Trust, Inc.	431		1,771

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
CoreCivic, Inc.	2,527	$	28,227
CorEnergy Infrastructure Trust, Inc.	318		5,845
CorePoint Lodging, Inc.	1,422		5,574
CoreSite Realty Corp.	786		91,097
Corporate Office Properties Trust	2,391		52,913
Cousins Properties, Inc.	3,094		90,561
Crown Castle International Corp.	8,667		1,251,515
CubeSmart	4,038		108,178
CyrusOne, Inc.	2,372		146,471
DiamondRock Hospitality Company	4,310		21,895
Digital Realty Trust, Inc.	4,353		604,675
Douglas Emmett, Inc.	3,681		112,307
Duke Realty Corp.	7,705		249,488
Easterly Government Properties, Inc.	1,561		38,463
EastGroup Properties, Inc.	807		84,315
Empire State Realty Trust, Inc., Class A	3,892		34,872
EPR Properties	1,636		39,624
Equinix, Inc.	1,779		1,111,110
Equity Commonwealth	2,590		82,129
Equity LifeStyle Properties, Inc.	3,682		211,641
Equity Residential	7,748		478,129
Essential Properties Realty Trust, Inc.	1,463		19,107
Essex Property Trust, Inc.	1,373		302,390
Extra Space Storage, Inc.	2,697		258,265
Farmland Partners, Inc.	930		5,645
Federal Realty Investment Trust	1,572		117,287
First Industrial Realty Trust, Inc.	2,680		89,056
Four Corners Property Trust, Inc.	1,453		27,186
Franklin Street Properties Corp.	2,261		12,956
Front Yard Residential Corp.	1,319		15,762
Gaming and Leisure Properties, Inc.	4,423		122,561
Getty Realty Corp.	966		22,933
Gladstone Commercial Corp.	793		11,387
Gladstone Land Corp.	706		8,366
Global Medical REIT, Inc.	854		8,642
Global Net Lease, Inc.	1,979		26,459
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	1,402		28,615
Healthcare Realty Trust, Inc.	2,832		79,098
Healthcare Trust of America, Inc., Class A	4,366		106,006
Healthpeak Properties, Inc.	10,353		246,919
Hersha Hospitality Trust	1,005		3,598
Highwoods Properties, Inc.	2,184		77,357
Host Hotels & Resorts, Inc.	15,005		165,655
Hudson Pacific Properties, Inc.	3,264		82,775
Independence Realty Trust, Inc.	2,095		18,729
Industrial Logistics Properties Trust	1,490		26,135
Innovative Industrial Properties, Inc.	316		23,994
Investors Real Estate Trust	226		12,430
Invitation Homes, Inc.	11,285		241,160
Iron Mountain, Inc.	6,007		142,967
iStar, Inc.	1,236		13,114
JBG SMITH Properties	2,856		90,906
Jernigan Capital, Inc.	373		4,088
Kilroy Realty Corp.	2,218		141,287
Kimco Realty Corp.	8,845		85,531
Kite Realty Group Trust	1,853		17,548
Lamar Advertising Company, Class A	2,080		106,662
Lexington Realty Trust	5,323		52,857
Life Storage, Inc.	972		91,903
LTC Properties, Inc.	837		25,863
Mack-Cali Realty Corp.	1,996		30,399
Medalist Diversified REIT, Inc.	376		639
Medical Properties Trust, Inc.	10,170		175,839

 

281

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
MGM Growth Properties LLC, Class A	2,079	$	49,210
Mid-America Apartment Communities, Inc.	2,377		244,902
Monmouth Real Estate Investment Corp.	2,045		24,642
National Health Investors, Inc.	880		43,578
National Retail Properties, Inc.	3,402		109,510
National Storage Affiliates Trust	1,224		36,230
New Senior Investment Group, Inc.	2,020		5,171
New York REIT Liquidating LLC (A)(C)	457		8,356
NexPoint Residential Trust, Inc.	583		14,697
Office Properties Income Trust	1,104		30,084
Omega Healthcare Investors, Inc.	4,564		121,129
One Liberty Properties, Inc.	540		7,522
Outfront Media, Inc.	3,037		40,939
Paramount Group, Inc.	4,911		43,217
Park Hotels & Resorts, Inc.	5,041		39,874
Pebblebrook Hotel Trust	2,802		30,514
Pennsylvania Real Estate Investment Trust	1,986		1,810
Physicians Realty Trust	3,981		55,495
Piedmont Office Realty Trust, Inc., Class A	2,693		47,558
Plymouth Industrial REIT, Inc.	429		4,788
Postal Realty Trust, Inc., Class A	83		1,313
PotlatchDeltic Corp.	1,473		46,237
Preferred Apartment Communities, Inc., Class A	904		6,491
Prologis, Inc.	15,407		1,238,261
PS Business Parks, Inc.	476		64,508
Public Storage	3,635		721,947
QTS Realty Trust, Inc., Class A	1,243		72,106
Rayonier, Inc.	2,757		64,927
Realty Income Corp.	6,750		336,555
Regency Centers Corp.	3,503		134,620
Retail Opportunity Investments Corp.	2,507		20,783
Retail Properties of America, Inc., Class A	4,627		23,922
Retail Value, Inc.	492		6,027
Rexford Industrial Realty, Inc.	2,347		96,250
RLJ Lodging Trust	3,635		28,062
RPT Realty	1,545		9,316
Ryman Hospitality Properties, Inc.	1,080		38,718
Sabra Health Care REIT, Inc.	4,102		44,794
Safehold, Inc.	890		56,275
Saul Centers, Inc.	494		16,174
SBA Communications Corp.	2,351		634,699
Seritage Growth Properties, Class A (A)	866		7,889
Service Properties Trust	3,498		18,889
Simon Property Group, Inc.	6,397		350,939
SITE Centers Corp.	4,050		21,101
SL Green Realty Corp.	1,680		72,408
Sotherly Hotels, Inc.	646		1,034
Spirit Realty Capital, Inc.	2,024		52,928
STAG Industrial, Inc.	2,912		65,578
STORE Capital Corp.	4,908		88,933
Summit Hotel Properties, Inc.	2,173		9,170
Sun Communities, Inc.	1,906		237,964
Sunstone Hotel Investors, Inc.	4,797		41,782
Tanger Factory Outlet Centers, Inc.	2,021		10,105
Taubman Centers, Inc.	1,299		54,402
Terreno Realty Corp.	1,416		73,278
The GEO Group, Inc.	2,079		25,281
The Macerich Company	3,014		16,969
UDR, Inc.	6,125		223,808
UMH Properties, Inc.	958		10,404

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Equity real estate investment trusts (continued)
Uniti Group, Inc.	4,136	$	24,940
Universal Health Realty Income Trust	293		29,537
Urban Edge Properties	2,581		22,739
Urstadt Biddle Properties, Inc., Class A	889		12,535
Ventas, Inc.	7,776		208,397
VEREIT, Inc.	21,887		107,027
VICI Properties, Inc.	9,506		158,180
Vornado Realty Trust	3,861		139,807
Washington Prime Group, Inc.	4,570		3,679
Washington Real Estate Investment Trust	1,739		41,510
Weingarten Realty Investors	2,712		39,134
Welltower, Inc.	8,465		387,528
Weyerhaeuser Company	15,613		264,640
Wheeler Real Estate Investment Trust, Inc. (A)	991		991
Whitestone REIT	991		6,144
WP Carey, Inc.	3,600		209,088
Xenia Hotels & Resorts, Inc.	2,429		25,019
			19,855,485
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (A)	6,992		263,668
Consolidated-Tomoka Land Company	31		1,405
eXp World Holdings, Inc. (A)	1,472		12,453
Five Point Holdings LLC, Class A (A)	2,953		14,972
Forestar Group, Inc. (A)	1,120		11,592
FRP Holdings, Inc. (A)	258		11,094
Griffin Industrial Realty, Inc.	183		5,984
Jones Lang LaSalle, Inc.	1,079		108,957
Kennedy-Wilson Holdings, Inc.	3,061		41,079
Landmark Infrastructure Partners LP	598		6,315
Marcus & Millichap, Inc. (A)	815		22,087
Maui Land & Pineapple Company, Inc. (A)	514		5,618
Newmark Group, Inc., Class A	3,854		16,380
Rafael Holdings, Inc., Class B (A)	347		4,445
RE/MAX Holdings, Inc., Class A	431		9,448
Redfin Corp. (A)	1,978		30,501
Tejon Ranch Company (A)	613		8,619
The Howard Hughes Corp. (A)	903		45,620
The RMR Group, Inc., Class A	686		18,501
The St. Joe Company (A)	1,315		22,066
			660,804
			20,516,289
Utilities – 3.2%
Electric utilities – 1.9%
ALLETE, Inc.	1,077		65,352
Alliant Energy Corp.	5,100		246,279
American Electric Power Company, Inc.	10,288		822,834
Avangrid, Inc.	6,462		282,906
Duke Energy Corp.	15,261		1,234,310
Edison International	7,481		409,884
El Paso Electric Company	847		57,562
Entergy Corp.	4,161		391,009
Evergy, Inc.	4,751		261,543
Eversource Energy	6,749		527,839
Exelon Corp.	20,255		745,587
FirstEnergy Corp.	11,296		452,631
Genie Energy, Ltd., B Shares	706		5,069
Hawaiian Electric Industries, Inc.	2,224		95,743
IDACORP, Inc.	1,045		91,741
MGE Energy, Inc.	751		49,168
NextEra Energy, Inc.	10,185		2,450,715
NRG Energy, Inc.	5,278		143,878
OGE Energy Corp.	4,182		128,513

 

282

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Otter Tail Corp.	842	$	37,435
PG&E Corp. (A)	11,073		99,546
Pinnacle West Capital Corp.	2,268		171,892
PNM Resources, Inc.	1,686		64,068
Portland General Electric Company	1,864		89,360
PPL Corp.	15,073		372,002
Spark Energy, Inc., Class A	849		5,323
The Southern Company	21,869		1,183,988
Xcel Energy, Inc.	10,931		659,139
			11,145,316
Gas utilities – 0.2%
Atmos Energy Corp.	2,363		234,480
Chesapeake Utilities Corp.	361		30,941
National Fuel Gas Company	1,879		70,068
New Jersey Resources Corp.	1,989		67,566
Northwest Natural Holding Company	666		41,126
ONE Gas, Inc.	1,068		89,306
RGC Resources, Inc.	260		7,522
South Jersey Industries, Inc.	1,973		49,325
Southwest Gas Holdings, Inc.	1,157		80,481
Spire, Inc.	1,072		79,843
Star Group LP	997		7,677
Suburban Propane Partners LP	1,423		20,121
UGI Corp.	4,408		117,561
			896,017
Independent power and renewable electricity producers – 0.1%
AES Corp.	13,906		189,122
Atlantic Power Corp. (A)	3,277		7,013
NextEra Energy Partners LP	1,301		55,943
Ormat Technologies, Inc.	1,079		73,005
Sunnova Energy International, Inc. (A)	1,517		15,276
TerraForm Power, Inc., Class A	4,743		74,797
Vistra Energy Corp.	10,218		163,079
			578,235
Multi-utilities – 0.9%
Ameren Corp.	5,119		372,817
Avista Corp.	1,415		60,123
Black Hills Corp.	1,306		83,623
CenterPoint Energy, Inc.	10,525		162,611
CMS Energy Corp.	5,917		347,624
Consolidated Edison, Inc.	6,927		540,306
Dominion Energy, Inc.	17,152		1,238,203
DTE Energy Company	3,964		376,461
MDU Resources Group, Inc.	4,173		89,720
NiSource, Inc.	7,846		195,915
NorthWestern Corp.	1,056		63,180
Public Service Enterprise Group, Inc.	10,527		472,768
Sempra Energy	5,877		664,042
Unitil Corp.	366		19,149
WEC Energy Group, Inc.	6,572		579,190
			5,265,732
Water utilities – 0.1%
American States Water Company	769		62,858
American Water Works Company, Inc.	3,741		447,274
Artesian Resources Corp., Class A	287		10,728
Cadiz, Inc. (A)	752		8,776
California Water Service Group	1,049		52,786
Essential Utilities, Inc.	3,802		154,741
Global Water Resources, Inc.	678		6,909
Middlesex Water Company	325		19,539
Pure Cycle Corp. (A)	700		7,805
SJW Group	625		36,106

Total Stock Market Index Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Water utilities (continued)
The York Water Company		347	$	15,081
				822,603
				18,707,903
TOTAL COMMON STOCKS (Cost $344,475,829)			$	559,399,371
PREFERRED SECURITIES – 0.0%
Communication services – 0.0%
Media – 0.0%
GCI Liberty, Inc., 7.000%		198		4,558
Industrials – 0.0%
Industrial conglomerates – 0.0%
Steel Partners Holdings LP, 6.000%		503		8,516
TOTAL PREFERRED SECURITIES (Cost $11,983)			$	13,074
RIGHTS – 0.0%
Bristol-Myers Squibb Company (Expiration Date: 3-31-21) (A)(D)		15,751		59,854
Pan American Silver Corp. (Expiration Date: 2-22-29) (A)(D)		7,232		2,459
TOTAL RIGHTS (Cost $40,058)			$	62,313
WARRANTS – 0.0%
Basic Energy Services, Inc. (Expiration Date: 12-23-23; Strike Price: $55.25) (A)		55		0
Battalion Oil Corp. (Expiration Date: 8-10-22; Strike Price: $40.17) (A)(C)		46		53
Battalion Oil Corp. (Expiration Date: 8-10-22; Strike Price: $48.28) (A)(C)		57		45
Battalion Oil Corp. (Expiration Date: 8-10-22; Strike Price: $60.45) (A)(C)		74		35
Genco Shipping & Trading, Ltd. (Expiration Date: 7-9-21; Strike Price: $20.99) (A)		92		6
Hycroft Mining Corp. (Expiration Date: 10-22-22) (A)(D)		196		16
Talos Energy, Inc. (Expiration Date: 2-28-21; Strike Price: $42.04) (A)		80		9
Tidewater, Inc., Class A (Expiration Date: 7-31-23; Strike Price: $57.06) (A)		66		60
Tidewater, Inc., Class B (Expiration Date: 7-31-23; Strike Price: $62.28) (A)		71		43
TOTAL WARRANTS (Cost $18,908)			$	267
SHORT-TERM INVESTMENTS – 4.3%
U.S. Government Agency – 0.9%
Federal Home Loan Bank Discount Note 1.435%, 04/01/2020 *	$	5,000,000		5,000,000
Short-term funds – 1.3%
John Hancock Collateral Trust, 1.1260% (E)(F)		737,286		7,371,014

 

283

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 2.1%
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $12,487,000 on 4-1-20, collateralized by $1,225,000 U.S. Treasury Notes, 2.125% due 5-15-22 (valued at $1,283,848), $9,305,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-22 (valued at $9,758,256) and $1,630,000 U.S. Treasury Notes, 1.875% due 4-30-22 (valued at $1,698,491)	$	12,487,000	$	12,487,000
TOTAL SHORT-TERM INVESTMENTS (Cost $24,855,552)			$	24,858,014
Total Investments (Total Stock Market Index Trust) (Cost $369,402,330) – 101.0%			$	584,333,039
Other assets and liabilities, net – (1.0%)				(6,028,958)
TOTAL NET ASSETS – 100.0%			$	578,304,081

Total Stock Market Index Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $7,202,865.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	Strike price and/or expiration date not available.
(E)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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	43	Long	Jun 2020	$2,372,973	$2,467,340	$94,367
S&P 500 Index E-Mini Futures	130	Long	Jun 2020	16,049,248	16,721,250	672,002
S&P Mid 400 Index E-Mini Futures	4	Long	Jun 2020	560,386	575,120	14,734
						$781,103

^ 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 – 1.5%
U.S. Government Agency – 1.5%
Federal Home Loan Mortgage Corp.
2.463%, (12 month LIBOR + 1.637%), 09/01/2043 (A)	$	718,165	$	729,665
3.440%, (6 month LIBOR + 1.565%), 12/01/2036 (A)		23,913		24,699
3.570%, (6 month LIBOR + 1.515%), 12/01/2035 (A)		58,478		59,610
4.010%, (1 Year CMT + 2.096%), 12/01/2035 (A)		158,388		166,105
4.164%, (12 month LIBOR + 1.614%), 05/01/2037 (A)		107,453		110,402
4.197%, (12 month LIBOR + 1.447%), 06/01/2036 (A)		85,642		89,183
4.339%, (12 month LIBOR + 1.651%), 02/01/2036 (A)		74,507		76,603
4.500%, (1 Year CMT + 2.295%), 08/01/2035 (A)		119,466		123,909
4.578%, (1 Year CMT + 2.165%), 11/01/2036 (A)		140,696		145,355
4.731%, (1 Year CMT + 2.231%), 05/01/2034 (A)		148,139		155,358
Federal National Mortgage Association
3.403%, (6 month LIBOR + 1.524%), 02/01/2035 (A)		135,120		138,033
3.479%, (12 month LIBOR + 1.295%), 10/01/2038 (A)		73,991		75,887

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
3.534%, (6 month LIBOR + 1.487%), 10/01/2035 (A)	$	221,774	$	227,694
3.617%, (12 month LIBOR + 1.451%), 04/01/2035 (A)		507,930		529,052
3.858%, (1 Year CMT + 2.196%), 02/01/2035 (A)		242,546		252,581
3.897%, (1 Year CMT + 2.197%), 05/01/2036 (A)		311,750		326,941
4.100%, (12 month LIBOR + 1.567%), 07/01/2035 (A)		263,029		274,432
4.100%, (1 Year CMT + 2.179%), 01/01/2036 (A)		154,124		161,634
4.173%, (1 Year CMT + 2.208%), 01/01/2036 (A)		102,196		107,176
4.237%, (1 Year CMT + 2.333%), 05/01/2034 (A)		76,068		79,774
4.483%, (1 Year CMT + 2.271%), 07/01/2035 (A)		162,123		167,686

 

284

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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)
Government National Mortgage Association 3.250%, (1 Year CMT + 1.500%), 08/20/2032 to 08/20/2035 (A)	$	407,021	$	421,117
				4,442,896
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $4,479,175)			$	4,442,896
CORPORATE BONDS – 49.1%
Communication services – 2.7%
Charter Communications Operating LLC 3.579%, 07/23/2020		2,000,000		1,993,783
Verizon Communications, Inc. 4.600%, 04/01/2021		3,000,000		3,075,009
ViacomCBS, Inc. 3.375%, 03/01/2022		3,000,000		2,985,281
				8,054,073
Consumer discretionary – 4.2%
American Honda Finance Corp. 3.375%, 12/10/2021		2,000,000		2,012,478
BMW US Capital LLC 3.100%, 04/12/2021 (B)		3,000,000		2,985,721
Daimler Finance North America LLC 2.850%, 01/06/2022 (B)		2,000,000		1,946,371
Ford Motor Credit Company LLC 3.336%, 03/18/2021		3,000,000		2,865,000
Nissan Motor Acceptance Corp. 2.550%, 03/08/2021 (B)		3,000,000		2,888,027
				12,697,597
Consumer staples – 1.1%
Keurig Dr. Pepper, Inc. 3.551%, 05/25/2021		3,000,000		3,034,790
Kraft Heinz Foods Company 2.800%, 07/02/2020		267,000		265,017
				3,299,807
Energy – 3.4%
Colonial Pipeline Company 3.500%, 10/15/2020 (B)		1,000,000		996,161
Enterprise Products Operating LLC 5.200%, 09/01/2020		2,000,000		1,980,361
Halliburton Company 3.250%, 11/15/2021		3,000,000		2,860,756
Kinder Morgan, Inc. 6.500%, 09/15/2020		1,190,000		1,192,671
Sunoco Logistics Partners Operations LP 4.400%, 04/01/2021		3,000,000		2,990,445
				10,020,394
Financials – 21.5%
American Express Credit Corp. 2.375%, 05/26/2020		2,000,000		1,999,920
Bank of America Corp. 5.625%, 07/01/2020		2,000,000		2,012,551
BNP Paribas SA 2.950%, 05/23/2022 (B)		2,000,000		1,940,483
BPCE SA 2.650%, 02/03/2021		2,000,000		1,982,580
Capital One NA 2.950%, 07/23/2021		3,000,000		3,008,384
Citibank NA (3 month LIBOR + 0.350%) 2.063%, 02/12/2021 (A)		610,000		604,390
Citigroup, Inc. (3 month LIBOR + 1.310%) 3.104%, 10/26/2020 (A)		695,000		684,436

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Cooperatieve Rabobank UA 3.125%, 04/26/2021	$	3,000,000	$	3,022,009
Danske Bank A/S 2.000%, 09/08/2021 (B)		2,000,000		1,960,039
Discover Bank 3.100%, 06/04/2020		2,000,000		1,997,000
Fifth Third Bank 2.250%, 06/14/2021		3,000,000		2,985,301
General Motors Financial Company, Inc. 3.200%, 07/06/2021		3,000,000		2,864,730
HSBC USA, Inc. 5.000%, 09/27/2020		2,000,000		2,012,171
JPMorgan Chase & Co. (3 month LIBOR + 1.100%) 2.099%, 06/07/2021 (A)		822,000		818,819
KeyBank NA 3.300%, 02/01/2022		2,000,000		2,044,303
Lloyds Banking Group PLC 3.000%, 01/11/2022		2,000,000		1,994,325
MassMutual Global Funding II 2.000%, 04/15/2021 (B)		2,000,000		1,994,782
Metropolitan Life Global Funding I 2.000%, 04/14/2020 (B)		1,250,000		1,249,184
Mitsubishi UFJ Financial Group, Inc. (3 month LIBOR + 1.880%) 3.460%, 03/01/2021 (A)		2,246,000		2,233,984
Morgan Stanley 2.500%, 04/21/2021		3,000,000		2,997,887
National Rural Utilities Cooperative Finance Corp. 2.900%, 03/15/2021		2,000,000		2,003,363
NatWest Markets PLC 3.625%, 09/29/2022 (B)		2,000,000		1,975,724
Nordea Bank Abp 2.250%, 05/27/2021 (B)		2,000,000		1,998,820
Santander Holdings USA, Inc. 3.244%, 10/05/2026		3,000,000		2,678,653
The Bank of Nova Scotia 1.950%, 02/01/2023		3,000,000		2,982,725
The Goldman Sachs Group, Inc. 5.750%, 01/24/2022		2,000,000		2,122,041
The PNC Financial Services Group, Inc. 3.300%, 03/08/2022 (C)		2,000,000		2,032,880
U.S. Bancorp 3.000%, 03/15/2022 (C)		2,000,000		2,039,746
UBS Group AG 3.000%, 04/15/2021 (B)		3,000,000		3,005,789
Wells Fargo & Company 2.500%, 03/04/2021		3,000,000		3,002,168
				64,249,187
Health care – 5.7%
Abbott Laboratories 2.550%, 03/15/2022		3,000,000		3,025,880
AbbVie, Inc. 2.300%, 05/14/2021		2,000,000		1,993,932
Amgen, Inc. 3.875%, 11/15/2021		2,162,572		2,166,381
Anthem, Inc. 2.500%, 11/21/2020		3,000,000		2,989,202
Bayer US Finance LLC 3.000%, 10/08/2021 (B)		2,000,000		1,979,733
Bristol-Myers Squibb Company 2.250%, 08/15/2021 (B)		2,000,000		2,011,408

 

285

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
CVS Health Corp. (3 month LIBOR + 0.720%) 1.719%, 03/09/2021 (A)	$	3,000,000	$	2,938,417
				17,104,953
Industrials – 4.0%
AerCap Ireland Capital DAC 4.250%, 07/01/2020		2,000,000		1,972,995
Air Lease Corp. 3.875%, 04/01/2021		2,000,000		1,829,833
Caterpillar Financial Services Corp. 2.650%, 05/17/2021		2,000,000		2,024,963
General Electric Company 4.625%, 01/07/2021		2,000,000		2,018,530
Honeywell International, Inc. 4.250%, 03/01/2021		2,000,000		2,039,916
The Boeing Company 2.300%, 08/01/2021 (C)		2,000,000		1,933,168
				11,819,405
Information technology – 3.6%
Broadcom, Inc. 3.125%, 04/15/2021 (B)		3,000,000		2,963,229
Dell International LLC 4.420%, 06/15/2021 (B)		3,000,000		3,032,204
IBM Corp. 2.850%, 05/13/2022		835,000		857,692
NXP BV 4.625%, 06/15/2022 (B)		2,000,000		2,068,785
VMware, Inc. 2.300%, 08/21/2020		2,000,000		1,978,692
				10,900,602
Materials – 1.3%
Georgia-Pacific LLC 5.400%, 11/01/2020 (B)		2,000,000		2,019,127
Syngenta Finance NV 3.933%, 04/23/2021 (B)		1,880,000		1,771,579
				3,790,706
Utilities – 1.6%
Eversource Energy 2.800%, 05/01/2023		1,000,000		1,005,356
FirstEnergy Corp. 4.250%, 03/15/2023		1,675,000		1,710,770
Southern California Edison Company 2.400%, 02/01/2022		2,000,000		1,948,368
				4,664,494
TOTAL CORPORATE BONDS (Cost $148,391,463)			$	146,601,218
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.3%
U.S. Government Agency – 0.3%
Federal National Mortgage Association Series 2013-10, Class FT (1 month LIBOR + 0.350%) 1.297%, 04/25/2042 (A)		892,390		882,110
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $894,342)			$	882,110
ASSET BACKED SECURITIES – 18.7%
Ally Auto Receivables Trust
Series 2017-3, Class A3 1.740%, 09/15/2021		215,907		215,719
Series 2019-1, Class A2 2.850%, 03/15/2022		832,650		833,699

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
American Express Credit Account Master Trust Series 2017-6, Class A 2.040%, 05/15/2023	$	3,000,000	$	3,003,899
American Tower Trust Series 2013, Class 2A 3.070%, 03/15/2048 (B)		2,500,000		2,456,289
BMW Vehicle Owner Trust Series 2018-A, Class A3 2.350%, 04/25/2022		1,254,251		1,255,285
Capital One Multi-Asset Execution Trust
Series 2015-A8, Class A8 2.050%, 08/15/2023		1,700,000		1,705,741
Series 2018-A1, Class A1 3.010%, 02/15/2024		1,500,000		1,517,166
CarMax Auto Owner Trust Series 2017-3, Class A3 1.970%, 04/15/2022		981,034		981,414
CCG Receivables Trust
Series 2017-1, Class A2 1.840%, 11/14/2023 (B)		301,771		301,553
Series 2019-1, Class B 3.220%, 09/14/2026 (B)		1,140,000		1,138,798
Chase Issuance Trust Series 2015-A4, Class A4 1.840%, 04/15/2022		3,000,000		2,997,599
Citibank Credit Card Issuance Trust Series 2018-A1, Class A1 2.490%, 01/20/2023		4,000,000		4,029,200
Crown Point CLO III, Ltd. Series 2015-3A, Class A2R (3 month LIBOR + 1.450%) 3.281%, 12/31/2027 (A)(B)		1,605,000		1,558,978
Enterprise Fleet Financing LLC
Series 2017-2, Class A2 1.970%, 01/20/2023 (B)		227,729		227,509
Series 2018-3, Class A2 3.380%, 05/20/2024 (B)		237,693		237,729
Flagship Credit Auto Trust Series 2018-2, Class D 4.230%, 09/16/2024 (B)		1,140,000		1,137,172
Ford Credit Auto Owner Trust Series 2018-A, Class A3 3.030%, 11/15/2022		3,185,188		3,184,731
GM Financial Consumer Automobile Receivables Trust Series 2018-1, Class A3 2.320%, 07/18/2022		1,022,527		1,025,303
GreatAmerica Leasing Receivables Funding LLC Series 2018-1, Class A3 2.600%, 06/15/2021 (B)		1,806,569		1,808,085
Hertz Vehicle Financing II LP Series 2015-3A, Class A 2.670%, 09/25/2021 (B)		2,000,000		1,977,643
Honda Auto Receivables Owner Trust Series 2018-3, Class A3 2.950%, 08/22/2022		1,973,926		1,992,086
Huntington Auto Trust Series 2016-1, Class A4 1.930%, 04/15/2022		852,563		846,766
Mercedes-Benz Auto Receivables Trust Series 2016-1, Class A4 1.460%, 12/15/2022		2,264,302		2,258,245
NextGear Floorplan Master Owner Trust Series 2017-2A, Class A2 2.560%, 10/17/2022 (B)		2,000,000		1,928,672

 

286

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Nissan Auto Receivables Owner Trust
Series 2016-A, Class A4 1.590%, 07/15/2022	$	1,190,720	$	1,189,800
Series 2017-B, Class A3 1.750%, 10/15/2021		571,443		571,813
Series 2019-A, Class A2A 2.820%, 01/18/2022		1,090,763		1,078,541
PFS Financing Corp.
Series 2017-BA, Class A1 (1 month LIBOR + 0.600%) 1.305%, 07/15/2022 (A)(B)		300,000		293,099
Series 2018-B, Class A 2.890%, 02/15/2023 (B)		2,790,000		2,772,662
SMB Private Education Loan Trust Series 2015-A, Class A2A 2.490%, 06/15/2027 (B)		1,060,805		1,040,015
Toyota Auto Receivables Owner Trust Series 2019-A, Class A2A 2.830%, 10/15/2021		1,072,562		1,073,917
TRIP Rail Master Funding LLC Series 2017-1A, Class A1 2.709%, 08/15/2047 (B)		1,039,570		1,028,128
USAA Auto Owner Trust Series 2017-1, Class A4 1.880%, 09/15/2022		3,348,489		3,340,478
Westlake Automobile Receivables Trust Series 2019-2A, Class C 2.840%, 07/15/2024 (B)		1,000,000		944,062
World Financial Network Credit Card Master Trust Series 2015-B, Class A 2.550%, 06/17/2024		3,255,000		3,267,495
World Omni Auto Receivables Trust Series 2018-D, Class A3 3.330%, 04/15/2024		650,000		666,531
TOTAL ASSET BACKED SECURITIES (Cost $56,228,330)			$	55,885,822
SHORT-TERM INVESTMENTS – 30.6%
Commercial paper – 10.1%
American Honda Finance Corp. 2.150%, 04/09/2020 *		3,000,000		2,999,492
Cargill, Inc. 1.500%, 04/08/2020 *		3,000,000		2,999,613
Children's Hospital Medical Center 1.500%, 04/02/2020 *		3,000,000		3,000,000
Emerson Electric Company 2.050%, 04/02/2020 *		3,000,000		2,999,984
EssilorLuxottica SA 1.250%, 04/01/2020 *		3,000,000		2,999,998
Jupiter Securitization Company LLC 1.000%, 04/07/2020 *		3,000,000		2,999,358
Manhattan Asset Funding Company LLC 2.000%, 04/01/2020 *		3,000,000		3,000,000
Merck & Company, Inc. 2.000%, 04/02/2020 *		2,000,000		2,000,025
National Rural Utilities Cooperative Finance Corp. 2.050%, 04/02/2020 *		3,000,000		2,999,984
Old Line Funding LLC 1.250%, 04/01/2020 *		3,000,000		2,999,941
The Coca-Cola Company 1.500%, 04/16/2020 *		1,200,000		1,199,401
				30,197,796

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
U.S. Government – 16.9%
U.S. Treasury Bill
0.115%, 05/07/2020 *	$	14,000,000	$	13,998,999
1.251%, 04/30/2020 *		10,000,000		9,999,497
1.490%, 04/02/2020 *		11,370,000		11,369,998
1.522%, 04/23/2020 *		15,000,000		14,999,645
				50,368,139
Short-term funds – 3.6%
John Hancock Collateral Trust, 1.1260% (D)(E)		97,368		973,439
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.3210% (D)		9,641,123		9,641,123
				10,614,562
TOTAL SHORT-TERM INVESTMENTS (Cost $91,154,025)			$	91,180,497
Total Investments (Ultra Short Term Bond Trust) (Cost $301,147,335) – 100.2%			$	298,992,543
Other assets and liabilities, net – (0.2%)				(581,265)
TOTAL NET ASSETS – 100.0%			$	298,411,278

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	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 $57,637,560 or 19.3% of the fund's net assets as of 3-31-20.
(C)	All or a portion of this security is on loan as of 3-31-20. The value of securities on loan amounted to $946,681.
(D)	The rate shown is the annualized seven-day yield as of 3-31-20.
(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.

 

287

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (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 on 3-31-20:

Blue Chip Growth Trust

United States	89.6%
China	7.6%
United Kingdom	1.2%
Other countries	1.6%
TOTAL	100.0%

Capital Appreciation Trust

United States	86.3%
China	4.6%
Canada	3.1%
United Kingdom	2.2%
France	1.7%
Netherlands	1.7%
Other countries	0.4%
TOTAL	100.0%

Equity Income Trust

United States	89.3%
France	2.8%
Canada	2.1%
Switzerland	2.1%
Ireland	1.7%
United Kingdom	1.4%
Other countries	0.6%
TOTAL	100.0%

Financial Industries Trust

United States	83.2%
United Kingdom	6.4%
Bermuda	3.1%
Netherlands	2.8%
Japan	1.1%
France	1.0%
Other countries	2.4%
TOTAL	100.0%

Health Sciences Trust

United States	87.5%
Switzerland	3.2%
Japan	2.2%
United Kingdom	1.9%
Germany	1.2%
Denmark	1.1%
Netherlands	1.0%
Other countries	1.9%
TOTAL	100.0%

High Yield Trust

United States	76.8%
Cayman Islands	4.7%
Canada	4.7%
United Kingdom	3.6%
France	2.4%
Ireland	1.2%
Luxembourg	1.2%
Other countries	5.4%
TOTAL	100.0%

Mid Value Trust

United States	82.6%
Canada	7.7%
Ireland	3.6%
Switzerland	1.4%
Mexico	1.2%
Other countries	3.5%
TOTAL	100.0%

Mutual Shares Trust

United States	81.9%
United Kingdom	7.3%
Ireland	4.0%
Switzerland	2.8%
South Korea	2.0%
Netherlands	1.0%
Bermuda	1.0%
TOTAL	100.0%

Science & Technology Trust

United States	77.7%
China	8.2%
South Korea	5.2%
Germany	2.5%
Australia	1.7%
Russia	1.6%
South Africa	1.0%
Other countries	2.1%
TOTAL	100.0%

Strategic Equity Allocation Trust

United States	67.1%
Japan	8.3%
United Kingdom	4.9%
Switzerland	3.6%
France	3.3%
Germany	2.5%
Australia	1.9%
Netherlands	1.5%
Hong Kong	1.1%
Ireland	1.0%
Other countries	4.8%
TOTAL	100.0%

Strategic Income Opportunities Trust

United States	65.8%
Canada	3.8%
Indonesia	3.4%
Supranational	2.6%
Luxembourg	2.2%
Philippines	2.2%
Ireland	2.0%
Singapore	1.9%
Norway	1.8%
Germany	1.8%
Other countries	12.5%
TOTAL	100.0%

 

The following portfolios had the following sector composition as a percentage of net assets on 3-31-20:

288

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2020 (unaudited) (showing percentage of total net assets)

Disciplined Value International Trust

Financials	20.7%
Industrials	12.7%
Health care	12.2%
Information technology	11.2%
Consumer staples	10.9%
Consumer discretionary	8.4%
Materials	5.9%
Communication services	5.8%
Energy	4.2%
Real estate	2.2%
Utilities	0.7%
Short-term investments and other	5.1%
TOTAL	100.0%

Emerging Markets Value Trust

Financials	30.2%
Energy	13.7%
Materials	13.4%
Information technology	9.0%
Industrials	8.6%
Consumer discretionary	6.1%
Communication services	5.9%
Real estate	5.6%
Consumer staples	2.1%
Health care	2.0%
Utilities	1.2%
Short-term investments and other	2.2%
TOTAL	100.0%

Global Trust

Health care	18.2%
Consumer staples	12.5%
Consumer discretionary	10.7%
Industrials	9.1%
Financials	8.2%
Information technology	6.7%
Communication services	6.4%
Energy	4.4%
Materials	3.8%
Utilities	3.2%
Real estate	1.7%
Short-term investments and other	15.1%
TOTAL	100.0%

International Equity Index Trust

Financials	19.5%
Consumer discretionary	12.0%
Industrials	10.8%
Health care	10.6%
Consumer staples	10.2%
Information technology	10.0%
Communication services	7.3%
Materials	6.2%
Energy	4.9%
Utilities	3.7%
Real estate	2.7%
Short-term investments and other	2.1%
TOTAL	100.0%

International Small Company Trust

Industrials	23.6%
Financials	13.1%
Consumer discretionary	11.5%
Materials	11.4%
Information technology	9.7%
Consumer staples	6.1%
Real estate	5.7%
Health care	5.6%
Utilities	4.8%
Communication services	4.2%
Energy	2.2%
Short-term investments and other	2.1%
TOTAL	100.0%

289

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: 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 March 31, 2020, by major security category or type:

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
500 Index Trust
Investments in securities:
Assets
Common stocks	$4,734,641,862	$4,734,641,862	—	—
Short-term investments	169,527,909	35,789,152	$133,738,757	—
Total investments in securities	$4,904,169,771	$4,770,431,014	$133,738,757	—
Derivatives:
Assets
Futures	$6,020,807	$6,020,807	—	—
Active Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$335,888,892	—	$335,888,892	—
Foreign government obligations	4,106,139	—	4,106,139	—
Corporate bonds	284,414,413	—	284,414,413	—
Capital preferred securities	1,118,525	—	1,118,525	—
Municipal bonds	3,935,087	—	3,935,087	—
Term loans	156,548	—	156,548	—

290

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Active Bond Trust (continued)
Collateralized mortgage obligations	$60,508,879	—	$60,508,879	—
Asset backed securities	47,332,684	—	47,332,684	—
Preferred securities	1,060,577	$909,889	150,688	—
Escrow certificates	5,304	—	—	$5,304
Short-term investments	82,211,944	73,708,944	8,503,000	—
Total investments in securities	$820,738,992	$74,618,833	$746,114,855	$5,304
American Asset Allocation Trust
Investments in securities:
Assets
Investment companies	$1,165,954,113	$1,165,954,113	—	—
Total investments in securities	$1,165,954,113	$1,165,954,113	—	—
American Global Growth Trust
Investments in securities:
Assets
Investment companies	$176,689,479	$176,689,479	—	—
Total investments in securities	$176,689,479	$176,689,479	—	—
American Growth Trust
Investments in securities:
Assets
Investment companies	$718,999,501	$718,999,501	—	—
Total investments in securities	$718,999,501	$718,999,501	—	—
American Growth-Income Trust
Investments in securities:
Assets
Investment companies	$809,897,982	$809,897,982	—	—
Total investments in securities	$809,897,982	$809,897,982	—	—
American International Trust
Investments in securities:
Assets
Investment companies	$386,104,190	$386,104,190	—	—
Total investments in securities	$386,104,190	$386,104,190	—	—
Blue Chip Growth Trust
Investments in securities:
Assets
Common stocks
Communication services	$337,865,754	$288,492,531	$49,373,223	—
Consumer discretionary	360,016,273	360,016,273	—	—
Consumer staples	793,813	793,813	—	—
Energy	571,283	571,283	—	—
Financials	69,132,863	69,132,863	—	—
Health care	282,235,646	282,235,646	—	—
Industrials	66,885,639	66,885,639	—	—
Information technology	615,109,564	615,109,564	—	—
Materials	8,324,381	8,324,381	—	—
Real estate	621,459	621,459	—	—
Utilities	2,175,242	2,175,242	—	—

291

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Blue Chip Growth Trust (continued)
Short-term investments	$24,453,243	$24,453,243	—	—
Total investments in securities	$1,768,185,160	$1,718,811,937	$49,373,223	—
Capital Appreciation Trust
Investments in securities:
Assets
Common stocks
Communication services	$60,794,772	$56,426,806	$4,367,966	—
Consumer discretionary	96,433,081	88,843,922	7,589,159	—
Consumer staples	20,608,612	20,608,612	—	—
Financials	9,603,498	9,603,498	—	—
Health care	46,045,682	46,045,682	—	—
Industrials	14,094,264	14,094,264	—	—
Information technology	188,717,953	181,227,248	7,490,705	—
Real estate	4,792,895	4,792,895	—	—
Short-term investments	7,723,134	7,723,134	—	—
Total investments in securities	$448,813,891	$429,366,061	$19,447,830	—
Capital Appreciation Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$14,579,312	$14,579,312	—	—
Consumer discretionary	27,787,758	27,787,758	—	—
Consumer staples	8,992,860	8,992,860	—	—
Energy	548,480	548,480	—	—
Financials	16,389,111	16,389,111	—	—
Health care	58,035,233	52,731,213	$5,304,020	—
Industrials	37,832,313	37,832,313	—	—
Information technology	55,027,376	55,027,376	—	—
Materials	3,610,683	3,610,683	—	—
Utilities	17,891,507	17,891,507	—	—
Preferred securities
Financials	5,686,249	5,686,249	—	—
Health care	4,842,590	4,842,590	—	—
Industrials	654,854	—	654,854	—
Utilities	6,404,553	6,404,553	—	—
Corporate bonds	40,606,121	—	40,606,121	—
Term loans	20,360,537	—	20,360,537	—
Asset backed securities	1,446,436	—	1,446,436	—
Short-term investments	36,289,705	32,931,705	3,358,000	—
Total investments in securities	$356,985,678	$285,255,710	$71,729,968	—
Derivatives:
Liabilities
Written options	$(765,902)	—	$(765,902)	—
Core Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$493,877,797	—	$493,877,797	—
Foreign government obligations	10,069,906	—	10,069,906	—
Corporate bonds	288,396,872	—	288,396,872	—
Municipal bonds	5,335,241	—	5,335,241	—
Collateralized mortgage obligations	96,655,521	—	96,655,521	—
Asset backed securities	95,654,371	—	95,654,371	—

292

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Core Bond Trust (continued)
Short-term investments	$20,415,537	$20,415,537	—	—
Total investments in securities	$1,010,405,245	$20,415,537	$989,989,708	—
Disciplined Value International Trust
Investments in securities:
Assets
Common stocks
Austria	$1,181,690	—	$1,181,690	—
Belgium	1,762,328	—	1,762,328	—
Bermuda	3,290,134	$3,290,134	—	—
Canada	8,672,976	8,672,976	—	—
China	870,639	—	870,639	—
Denmark	4,374,741	—	4,374,741	—
Finland	3,744,639	—	3,744,639	—
France	28,517,590	—	28,517,590	—
Germany	12,195,438	—	12,195,438	—
Greece	1,291,248	—	1,291,248	—
Hong Kong	5,784,259	—	5,784,259	—
Hungary	1,457,020	—	1,457,020	—
Indonesia	2,052,341	—	2,052,341	—
Ireland	2,673,949	—	2,673,949	—
Italy	3,474,578	—	3,474,578	—
Japan	47,698,050	—	47,698,050	—
Macau	1,422,925	—	1,422,925	—
Netherlands	8,041,894	2,146,975	5,894,919	—
Norway	1,844,482	—	1,844,482	—
Singapore	2,862,380	—	2,862,380	—
South Korea	8,617,667	2,182,605	6,435,062	—
Spain	1,891,772	—	1,891,772	—
Sweden	3,473,599	—	3,473,599	—
Switzerland	16,520,047	—	16,520,047	—
Taiwan	932,418	—	932,418	—
United Kingdom	35,653,443	5,421,765	30,231,678	—
United States	876,117	876,117	—	—
Short-term investments	10,883,099	10,883,099	—	—
Total investments in securities	$222,061,463	$33,473,671	$188,587,792	—
Emerging Markets Value Trust
Investments in securities:
Assets
Common stocks
Australia	$27,115	—	$27,115	—
Belgium	11,516	—	11,516	—
Brazil	6,293,776	$6,293,776	—	—
Chile	1,342,238	—	1,342,238	—
China	32,340,534	2,263,779	30,012,905	$63,850
Colombia	329,160	329,160	—	—
Czech Republic	284,145	—	284,145	—
Greece	422,113	—	422,113	—
Hong Kong	14,270,755	673,121	13,544,837	52,797
Hungary	492,070	—	492,070	—
India	18,552,733	300,296	18,246,271	6,166
Indonesia	2,500,503	—	2,463,660	36,843
Malaysia	3,644,891	—	3,644,891	—
Mexico	3,789,948	3,789,948	—	—
Philippines	1,939,058	—	1,937,773	1,285
Poland	1,123,927	—	1,123,927	—

293

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Emerging Markets Value Trust (continued)
Russia	$2,847,328	—	$2,847,328	—
South Africa	6,768,069	$813,081	5,954,988	—
South Korea	23,518,914	3,051,022	20,467,879	$13
Taiwan	28,327,511	—	28,327,511	—
Thailand	3,863,834	—	3,863,834	—
Turkey	1,129,889	—	1,129,105	784
Ukraine	78,001	—	78,001	—
United States	76,872	—	76,872	—
Preferred securities	2,384,811	2,384,811	—	—
Short-term investments	3,857,533	3,857,533	—	—
Total investments in securities	$160,217,244	$23,756,527	$136,298,979	$161,738
Derivatives:
Assets
Futures	$22,399	$22,399	—	—
Equity Income Trust
Investments in securities:
Assets
Common stocks
Communication services	$71,394,606	$68,659,966	$2,734,640	—
Consumer discretionary	25,943,304	25,943,304	—	—
Consumer staples	112,740,406	112,740,406	—	—
Energy	93,579,547	64,260,261	29,319,286	—
Financials	243,719,366	243,719,366	—	—
Health care	181,145,495	175,738,001	5,407,494	—
Industrials	138,518,287	138,518,287	—	—
Information technology	101,281,478	101,281,478	—	—
Materials	53,028,727	51,357,612	1,671,115	—
Real estate	40,854,354	40,854,354	—	—
Utilities	103,366,075	103,366,075	—	—
Preferred securities	31,385,466	31,385,466	—	—
Convertible bonds	2,265,806	—	2,265,806	—
Short-term investments	34,858,112	34,858,112	—	—
Total investments in securities	$1,234,081,029	$1,192,682,688	$41,398,341	—
Financial Industries Trust
Investments in securities:
Assets
Common stocks
Financials
Banks	$33,096,996	$33,096,996	—	—
Capital markets	14,991,650	12,878,611	$2,113,039	—
Consumer finance	1,846,444	1,846,444	—	—
Diversified financial services	5,639,590	5,238,007	401,583	—
Insurance	19,610,643	19,610,643	—	—
Thrifts and mortgage finance	952,045	952,045	—	—
Information technology
IT services	11,640,728	8,739,447	2,901,281	—
Real estate
Equity real estate investment trusts	7,899,873	6,780,213	1,119,660	—
Real estate management and development	787,748	—	787,748	—
Convertible bonds	588,935	—	588,935	—
Short-term investments	5,490,212	258,212	5,232,000	—
Total investments in securities	$102,544,864	$89,400,618	$13,144,246	—

294

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Financial Industries Trust (continued)
Derivatives:
Assets
Forward foreign currency contracts	$181,359	—	$181,359	—
Liabilities
Forward foreign currency contracts	(101,309)	—	(101,309)	—
Fundamental All Cap Core Trust
Investments in securities:
Assets
Common stocks
Communication services	$241,057,010	$241,057,010	—	—
Consumer discretionary	276,125,274	259,576,068	$16,549,206	—
Consumer staples	70,872,319	70,872,319	—	—
Energy	47,460,726	47,460,726	—	—
Financials	232,711,156	232,711,156	—	—
Health care	59,748,715	59,748,715	—	—
Industrials	106,647,329	106,647,329	—	—
Information technology	250,988,520	234,404,010	16,584,510	—
Real estate	77,574,256	77,574,256	—	—
Short-term investments	16,288,000	—	16,288,000	—
Total investments in securities	$1,379,473,305	$1,330,051,589	$49,421,716	—
Fundamental Large Cap Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$44,954,322	$44,954,322	—	—
Consumer discretionary	34,308,687	29,643,821	$4,664,866	—
Consumer staples	56,350,981	33,161,656	23,189,325	—
Energy	35,872,877	35,872,877	—	—
Financials	110,461,797	110,461,797	—	—
Health care	59,847,482	59,847,482	—	—
Industrials	45,554,578	45,554,578	—	—
Information technology	59,387,750	53,464,078	5,923,672	—
Real estate	3,636,207	3,636,207	—	—
Short-term investments	26,846,000	—	26,846,000	—
Total investments in securities	$477,220,681	$416,596,818	$60,623,863	—
Global Trust
Investments in securities:
Assets
Common stocks
Belgium	$1,640,912	—	$1,640,912	—
Canada	3,509,005	$3,509,005	—	—
China	3,056,867	2,988,908	67,959	—
Denmark	2,002,298	—	2,002,298	—
France	7,245,800	—	7,245,800	—
Germany	10,995,832	—	10,995,832	—
Hong Kong	5,291,715	—	5,291,715	—
India	672,130	—	672,130	—
Italy	1,008,078	—	1,008,078	—
Japan	22,330,854	—	22,330,854	—
Luxembourg	1,155,135	—	1,155,135	—
Netherlands	2,402,643	516,488	1,886,155	—
Singapore	2,921,510	—	2,921,510	—

295

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Global Trust (continued)
South Korea	$3,611,704	—	$3,611,704	—
Switzerland	5,492,869	—	5,492,869	—
Thailand	87,930	—	87,930	—
United Kingdom	5,893,013	—	5,893,013	—
United States	36,665,946	$36,665,946	—	—
Exchange-traded funds	6,773,766	6,773,766	—	—
Short-term investments	1,399,327	99,327	1,300,000	—
Total investments in securities	$124,157,334	$50,553,440	$73,603,894	—
Health Sciences Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary	$221,964	—	—	$221,964
Health care	222,298,400	$205,179,194	$16,714,277	404,929
Industrials	957,564	957,564	—	—
Preferred securities
Consumer discretionary	495,646	—	—	495,646
Health care	1,632,508	576,272	1,056,236	—
Information technology	449,192	—	—	449,192
Rights	246,605	246,605	—	—
Short-term investments	7,411,880	7,411,880	—	—
Total investments in securities	$233,713,759	$214,371,515	$17,770,513	$1,571,731
High Yield Trust
Investments in securities:
Assets
Foreign government obligations	$1,077,500	—	$1,077,500	—
Corporate bonds	137,936,696	—	137,936,696	—
Convertible bonds	1,196,005	—	1,196,005	—
Term loans	9,452,283	—	8,940,083	$512,200
Asset backed securities	5,980,414	—	5,980,414	—
Common stocks	487,841	$418,873	—	68,968
Preferred securities	1,537,813	1,537,813	—	—
Escrow shares	11,275	—	—	11,275
Short-term investments	10,828,974	10,828,974	—	—
Total investments in securities	$168,508,801	$12,785,660	$155,130,698	$592,443
Derivatives:
Assets
Futures	$406,619	$406,619	—	—
Forward foreign currency contracts	57,720	—	$57,720	—
Liabilities
Futures	(178,209)	(178,209)	—	—
Forward foreign currency contracts	(119,409)	—	(119,409)	—
Swap contracts	(34,591)	—	(34,591)	—
International Equity Index Trust
Investments in securities:
Assets
Common stocks
Argentina	$210,970	$210,970	—	—
Australia	25,187,046	—	$25,171,307	$15,739
Austria	686,323	—	686,323	—
Belgium	3,660,118	—	3,660,118	—
Brazil	5,661,637	5,661,637	—	—

296

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Equity Index Trust (continued)
Canada	$39,131,807	$38,748,099	$383,708	—
Chile	626,615	409,572	217,043	—
China	60,641,538	19,958,274	40,671,375	$11,889
Colombia	166,872	166,872	—	—
Czech Republic	221,536	—	221,536	—
Denmark	9,403,872	—	9,403,872	—
Egypt	190,415	—	190,415	—
Finland	5,043,766	—	5,043,766	—
France	43,088,205	—	43,088,205	—
Germany	31,044,813	—	31,044,813	—
Greece	329,895	—	326,803	3,092
Hong Kong	22,098,378	151,529	21,946,849	—
Hungary	370,368	—	370,368	—
India	12,536,901	1,861,916	10,674,985	—
Indonesia	2,500,886	6,892	2,493,994	—
Ireland	3,807,708	118,007	3,689,701	—
Isle of Man	157,590	—	157,590	—
Israel	2,228,116	676,309	1,551,807	—
Italy	8,453,222	—	8,453,222	—
Japan	107,757,456	—	107,757,456	—
Luxembourg	965,899	—	965,899	—
Macau	418,078	—	418,078	—
Malaysia	3,043,752	—	3,043,752	—
Mexico	3,041,941	3,041,941	—	—
Netherlands	18,679,948	826,729	17,853,219	—
New Zealand	1,133,967	—	1,133,967	—
Norway	2,290,734	—	2,290,734	—
Peru	487,951	487,951	—	—
Philippines	1,340,322	—	1,340,322	—
Poland	1,236,219	—	1,236,219	—
Portugal	686,359	—	686,359	—
Romania	57,884	—	57,884	—
Russia	5,526,829	4,440,529	1,086,300	—
Singapore	5,083,648	—	5,083,648	—
South Africa	6,069,048	—	6,069,048	—
South Korea	18,467,933	71,383	18,396,550	—
Spain	11,071,205	52,060	11,019,145	—
Sweden	11,240,788	—	11,240,788	—
Switzerland	45,490,657	—	45,490,657	—
Taiwan	19,505,768	—	19,505,768	—
Thailand	3,789,687	—	3,789,687	—
Turkey	767,889	—	767,889	—
United Arab Emirates	5,812	—	5,812	—
United Kingdom	57,377,600	—	57,377,600	—
United States	336,631	251,058	85,573	—
Preferred securities
Brazil	2,301,486	2,301,486	—	—
Germany	1,984,829	—	1,984,829	—
South Korea	1,101,844	—	1,101,844	—
Warrants	533	533	—	—
Short-term investments	25,730,433	25,730,433	—	—
Total investments in securities	$634,441,727	$105,174,180	$529,236,827	$30,720
Derivatives:
Assets
Futures	$8,652	$8,652	—	—
Liabilities
Futures	(257,730)	(257,730)	—	—

297

	Total value at 3-31-20	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	$4,252,205	$30,601	$4,179,829	$41,775
Austria	1,293,972	—	1,293,972	—
Belgium	1,243,437	—	1,243,437	—
Bermuda	94,897	—	94,897	—
Canada	5,729,152	5,728,994	157	1
China	94,055	—	94,055	—
Colombia	5,393	5,393	—	—
Denmark	1,675,350	—	1,675,350	—
Finland	2,074,786	—	2,074,786	—
France	3,038,279	—	3,038,279	—
Gabon	2,126	—	2,126	—
Georgia	36,472	—	36,472	—
Germany	4,533,834	—	4,533,834	—
Gibraltar	18,688	—	18,688	—
Greece	67	—	—	67
Guernsey, Channel Islands	2,141	—	2,141	—
Hong Kong	1,959,283	—	1,920,736	38,547
Ireland	344,548	—	344,548	—
Isle of Man	40,202	—	40,202	—
Israel	1,070,326	2,401	1,067,925	—
Italy	3,204,628	—	3,204,628	—
Japan	21,111,585	—	21,111,585	—
Jersey, Channel Islands	147,498	—	147,498	—
Liechtenstein	53,413	—	53,413	—
Luxembourg	265,083	—	265,083	—
Macau	14,552	—	14,552	—
Malaysia	28,873	—	28,873	—
Malta	30,241	—	30,241	—
Monaco	62,051	45,258	16,793	—
Netherlands	2,467,735	—	2,467,735	—
New Zealand	442,744	—	442,744	—
Norway	641,255	—	641,255	—
Peru	21,600	—	21,600	—
Portugal	278,293	—	278,293	—
Russia	73,890	—	73,890	—
Singapore	931,114	—	900,981	30,133
South Africa	6,514	—	6,514	—
Spain	1,774,189	—	1,774,189	—
Sweden	2,347,564	—	2,347,564	—
Switzerland	4,846,357	—	4,846,357	—
United Kingdom	10,287,836	—	10,283,605	4,231
United States	279,073	146,393	132,680	—
Preferred securities	233,808	—	233,808	—
Short-term investments	6,766,133	6,766,133	—	—
Total investments in securities	$83,825,242	$12,725,173	$70,985,315	$114,754
Derivatives:
Assets
Futures	$72,624	$72,624	—	—
Investment Quality Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$170,719,804	—	$170,719,804	—

298

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investment Quality Bond Trust (continued)
Foreign government obligations	$3,038,072	—	$3,038,072	—
Corporate bonds	83,201,142	—	83,201,142	—
Municipal bonds	2,596,212	—	2,596,212	—
Term loans	3,422,460	—	3,422,460	—
Collateralized mortgage obligations	43,645,954	—	43,645,954	—
Asset backed securities	24,469,278	—	24,469,278	—
Purchased options	3,937	—	3,937	—
Certificate of deposit	49,917	—	49,917	—
Short-term investments	8,931,678	$4,047,562	4,884,116	—
Total investments in securities	$340,078,454	$4,047,562	$336,030,892	—
Derivatives:
Assets
Futures	$237,256	$237,256	—	—
Forward foreign currency contracts	419,077	—	$419,077	—
Liabilities
Futures	(439,824)	(439,824)	—	—
Forward foreign currency contracts	(26,055)	—	(26,055)	—
Swap contracts	(6,040,779)	—	(6,040,779)	—
Lifestyle Aggressive Portfolio
Investments in securities:
Assets
Affiliated investment companies	$23,968,626	$23,968,626	—	—
Unaffiliated investment companies	5,087,790	5,087,790	—	—
Short-term investments	12,774	12,774	—	—
Total investments in securities	$29,069,190	$29,069,190	—	—
Lifestyle Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$829,554,095	$829,554,095	—	—
Total investments in securities	$829,554,095	$829,554,095	—	—
Lifestyle Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$182,878,083	$182,878,083	—	—
Short-term investments	621	621	—	—
Total investments in securities	$182,878,704	$182,878,704	—	—
Lifestyle Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$4,925,479,651	$4,925,479,651	—	—
Total investments in securities	$4,925,479,651	$4,925,479,651	—	—
Lifestyle Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$264,357,911	$264,357,911	—	—

299

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Lifestyle Moderate Portfolio (continued)
Short-term investments	$338	$338	—	—
Total investments in securities	$264,358,249	$264,358,249	—	—
Managed Volatility Aggressive Portfolio
Investments in securities:
Assets
Affiliated investment companies	$230,957,957	$230,957,957	—	—
Unaffiliated investment companies	29,511,301	29,511,301	—	—
Short-term investments	5,699,706	5,485,287	$214,419	—
Total investments in securities	$266,168,964	$265,954,545	$214,419	—
Derivatives:
Assets
Futures	$2,747,071	$2,747,071	—	—
Liabilities
Futures	(4,364,125)	(4,364,125)	—	—
Managed Volatility Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$5,262,347,848	$5,262,347,848	—	—
Unaffiliated investment companies	33,700,603	33,700,603	—	—
Short-term investments	44,552,542	26,029,213	$18,523,329	—
Total investments in securities	$5,340,600,993	$5,322,077,664	$18,523,329	—
Derivatives:
Liabilities
Futures	$(86,057,416)	$(86,057,416)	—	—
Managed Volatility Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$981,708,142	$981,708,142	—	—
Unaffiliated investment companies	3,929,471	3,929,471	—	—
Short-term investments	7,026,335	4,585,755	$2,440,580	—
Total investments in securities	$992,663,948	$990,223,368	$2,440,580	—
Derivatives:
Liabilities
Futures	$(12,909,714)	$(12,909,714)	—	—
Managed Volatility Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$6,151,746,601	$6,151,746,601	—	—
Unaffiliated investment companies	43,876,120	43,876,120	—	—
Short-term investments	20,117,289	10,908,282	$9,209,007	—
Total investments in securities	$6,215,740,010	$6,206,531,003	$9,209,007	—
Derivatives:
Assets
Futures	$2,865,808	$2,865,808	—	—
Liabilities
Futures	(107,101,677)	(107,101,677)	—	—

300

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Managed Volatility Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$1,547,374,834	$1,547,374,834	—	—
Unaffiliated investment companies	12,578,344	12,578,344	—	—
Short-term investments	9,820,252	5,302,156	$4,518,096	—
Total investments in securities	$1,569,773,430	$1,565,255,334	$4,518,096	—
Derivatives:
Liabilities
Futures	$(24,701,224)	$(24,701,224)	—	—
Mid Cap Index Trust
Investments in securities:
Assets
Common stocks	$883,590,097	$883,590,097	—	—
Short-term investments	56,109,706	41,259,706	$14,850,000	—
Total investments in securities	$939,699,803	$924,849,803	$14,850,000	—
Derivatives:
Assets
Futures	$429,511	$429,511	—	—
Mid Cap Stock Trust
Investments in securities:
Assets
Common stocks
Communication services	$40,788,392	$40,788,392	—	—
Consumer discretionary	81,042,889	80,612,935	—	$429,954
Consumer staples	26,218,252	26,218,252	—	—
Financials	7,107,963	7,107,963	—	—
Health care	160,169,126	150,649,147	$9,519,979	—
Industrials	53,518,267	53,518,267	—	—
Information technology	189,268,444	185,067,012	—	4,201,432
Preferred securities	17,974,509	—	—	17,974,509
Exchange-traded funds	21,679,983	21,679,983	—	—
Short-term investments	39,402,793	36,802,793	2,600,000	—
Total investments in securities	$637,170,618	$602,444,744	$12,119,979	$22,605,895
Mid Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$21,622,100	$21,622,100	—	—
Consumer discretionary	14,129,147	14,129,147	—	—
Consumer staples	46,356,831	42,715,552	$3,641,279	—
Energy	45,688,927	43,514,886	2,174,041	—
Financials	87,812,765	82,399,949	5,412,816	—
Health care	81,561,934	79,109,673	2,452,261	—
Industrials	40,883,879	40,883,879	—	—
Information technology	16,003,001	16,003,001	—	—
Materials	54,250,991	48,428,260	5,822,731	—
Real estate	31,264,567	31,264,567	—	—
Utilities	20,882,245	20,882,245	—	—
Preferred securities	1,694,646	1,694,646	—	—

301

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Mid Value Trust (continued)
Short-term investments	$28,900,230	$28,900,230	—	—
Total investments in securities	$491,051,263	$471,548,135	$19,503,128	—
Mutual Shares Trust
Investments in securities:
Assets
Common stocks
Communication services	$9,873,533	$9,030,028	$843,505	—
Consumer discretionary	4,556,566	4,556,566	—	—
Consumer staples	11,657,616	9,814,676	1,842,940	—
Energy	6,825,039	4,537,186	2,287,853	—
Financials	15,539,576	14,630,339	909,237	—
Health care	19,061,182	16,555,829	2,505,353	—
Industrials	5,724,349	3,691,200	2,033,149	—
Information technology	12,450,894	9,985,186	2,465,708	—
Materials	1,713,760	1,713,760	—	—
Real estate	1,069,830	1,069,830	—	—
Exchange-traded funds	5,000,719	5,000,719	—	—
Corporate bonds	263,337	—	263,337	—
Escrow certificates	11,199	—	—	$11,199
Short-term investments	4,343,909	143,927	4,199,982	—
Total investments in securities	$98,091,509	$80,729,246	$17,351,064	$11,199
Derivatives:
Assets
Forward foreign currency contracts	$102,617	—	$102,617	—
Opportunistic Fixed Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$49,919,602	—	$49,919,602	—
Foreign government obligations	75,088,235	—	75,088,235	—
Corporate bonds	18,603,773	—	18,603,773	—
Convertible bonds	122,594	—	122,594	—
Term loans	5,937,954	—	5,937,954	—
Collateralized mortgage obligations	4,707,821	—	4,707,821	—
Asset backed securities	5,655,930	—	5,655,930	—
Exchange-traded funds	16,447,019	$16,447,019	—	—
Short-term investments	38,860,612	38,860,612	—	—
Total investments in securities	$215,343,540	$55,307,631	$160,035,909	—
Derivatives:
Assets
Futures	$278,250	$278,250	—	—
Forward foreign currency contracts	2,693,105	—	$2,693,105	—
Swap contracts	3,821,597	—	3,821,597	—
Liabilities
Futures	(81,627)	(81,627)	—	—
Forward foreign currency contracts	(2,481,807)	—	(2,481,807)	—
Swap contracts	(1,427,687)	—	(1,427,687)	—
Real Estate Securities Trust
Investments in securities:
Assets
Common stocks	$266,680,138	$266,680,138	—	—

302

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Real Estate Securities Trust (continued)
Short-term investments	$4,623,059	$4,623,059	—	—
Total investments in securities	$271,303,197	$271,303,197	—	—
Science & Technology Trust
Investments in securities:
Assets
Common stocks
Communication services	$133,326,259	$109,839,570	$23,486,689	—
Consumer discretionary	120,529,527	91,180,509	29,349,018	—
Health care	10,390,504	10,390,504	—	—
Industrials	4,835,247	4,835,247	—	—
Information technology	375,233,355	353,038,043	22,195,312	—
Real estate	749,484	749,484	—	—
Preferred securities	1,180,756	—	—	$1,180,756
Short-term investments	45,215,047	32,299,047	12,916,000	—
Total investments in securities	$691,460,179	$602,332,404	$87,947,019	$1,180,756
Select Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$2,900,863,848	—	$2,900,863,848	—
Foreign government obligations	35,451,321	—	35,451,321	—
Corporate bonds	2,628,622,196	—	2,628,622,196	—
Municipal bonds	57,491,250	—	57,491,250	—
Collateralized mortgage obligations	694,037,415	—	694,037,415	—
Asset backed securities	546,039,632	—	546,039,632	—
Preferred securities	7,946,059	$7,946,059	—	—
Short-term investments	206,105,520	88,354,520	117,751,000	—
Total investments in securities	$7,076,557,241	$96,300,579	$6,980,256,662	—
Liabilities
Sale commitments outstanding	$(41,986,872)	—	$(41,986,872)	—
Derivatives:
Assets
Futures	343,733	$343,733	—	—
Short Term Government Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$176,156,741	—	$176,156,741	—
Municipal bonds	8,208,740	—	8,208,740	—
Collateralized mortgage obligations	3,628,972	—	3,628,972	—
Short-term investments	3,618,000	—	3,618,000	—
Total investments in securities	$191,612,453	—	$191,612,453	—
Derivatives:
Assets
Futures	$102,361	$102,361	—	—
Small Cap Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$8,874,603	$8,871,807	—	$2,796
Consumer discretionary	34,118,829	34,107,446	$11,383	—

303

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Small Cap Index Trust (continued)
Consumer staples	$13,258,988	$13,258,988	—	—
Energy	6,675,238	6,675,238	—	—
Financials	65,230,524	65,228,356	—	$2,168
Health care	83,061,115	83,014,289	—	46,826
Industrials	59,603,693	59,603,693	—	—
Information technology	59,183,658	59,183,658	—	—
Materials	13,343,665	13,343,665	—	—
Real estate	29,580,786	29,580,786	—	—
Utilities	17,351,761	17,351,761	—	—
Preferred securities	33,402	33,402	—	—
Rights	29,959	29,959	—	—
Short-term investments	36,435,311	26,376,311	$10,059,000	—
Total investments in securities	$426,781,532	$416,659,359	$10,070,383	$51,790
Derivatives:
Assets
Futures	$507,567	$507,567	—	—
Small Cap Opportunities Trust
Investments in securities:
Assets
Common stocks
Communication services	$1,722,174	$1,722,146	—	$28
Consumer discretionary	10,450,264	10,450,264	—	—
Consumer staples	3,427,599	3,427,599	—	—
Energy	3,132,193	3,132,193	—	—
Financials	18,941,462	18,940,076	—	1,386
Health care	12,595,479	12,588,544	—	6,935
Industrials	16,870,513	16,870,513	—	—
Information technology	12,872,248	12,872,248	—	—
Materials	5,477,661	5,477,661	—	—
Real estate	1,851,445	1,851,445	—	—
Utilities	172,574	172,574	—	—
Short-term investments	2,633,716	2,633,716	—	—
Total investments in securities	$90,147,328	$90,138,979	—	$8,349
Small Cap Stock Trust
Investments in securities:
Assets
Common stocks
Communication services	$3,514,168	$3,514,168	—	—
Consumer discretionary	37,237,330	37,237,330	—	—
Consumer staples	5,005,796	5,005,796	—	—
Financials	10,048,684	10,048,684	—	—
Health care	72,144,681	72,144,681	—	—
Industrials	27,587,311	27,587,311	—	—
Information technology	52,784,292	51,485,963	—	$1,298,329
Materials	639,549	639,549	—	—
Real estate	7,101,324	7,101,324	—	—
Preferred securities	2,594,619	—	—	2,594,619
Short-term investments	14,055,701	12,255,701	$1,800,000	—
Total investments in securities	$232,713,455	$227,020,507	$1,800,000	$3,892,948

304

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Small Cap Value Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary	$19,477,513	$19,477,513	—	—
Consumer staples	14,775,097	5,674,923	$9,100,174	—
Energy	14,441,094	14,441,094	—	—
Financials	64,296,988	64,296,988	—	—
Health care	12,565,132	12,565,132	—	—
Industrials	98,636,776	94,351,094	4,285,682	—
Information technology	30,176,696	30,176,696	—	—
Materials	19,514,944	19,514,944	—	—
Real estate	34,614,801	34,614,801	—	—
Utilities	7,665,839	7,665,839	—	—
Short-term investments	18,433,630	6,733,630	11,700,000	—
Total investments in securities	$334,598,510	$309,512,654	$25,085,856	—
Small Company Value Trust
Investments in securities:
Assets
Common stocks	$97,845,741	$97,845,741	—	—
Short-term investments	9,493,715	9,493,715	—	—
Total investments in securities	$107,339,456	$107,339,456	—	—
Strategic Equity Allocation Trust
Investments in securities:
Assets
Common stocks
Communication services	$587,763,956	$456,161,956	$131,599,785	$2,215
Consumer discretionary	742,706,933	490,652,114	251,981,754	73,065
Consumer staples	644,045,723	349,692,745	294,352,978	—
Energy	210,958,509	118,484,937	92,473,572	—
Financials	965,712,159	579,493,396	386,217,231	1,532
Health care	1,088,345,962	756,226,457	332,090,101	29,404
Industrials	799,992,774	465,343,722	334,649,052	—
Information technology	1,351,340,049	1,182,096,434	169,243,615	—
Materials	298,939,504	140,969,823	157,969,681	—
Real estate	273,672,867	196,105,210	77,567,657	—
Utilities	284,193,931	185,690,718	98,503,213	—
Preferred securities
Communication services	23,872	23,872	—	—
Consumer discretionary	6,263,667	—	6,263,667	—
Consumer staples	2,961,878	—	2,961,878	—
Health care	1,769,877	—	1,769,877	—
Materials	516,047	—	516,047	—
Rights	18,588	18,588	—	—
Short-term investments	305,346,937	120,729,941	184,616,996	—
Total investments in securities	$7,564,573,233	$5,041,689,913	$2,522,777,104	$106,216
Derivatives:
Assets
Futures	$15,172,024	$15,172,024	—	—

305

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Strategic Income Opportunities Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$56,306,569	—	$56,306,569	—
Foreign government obligations	72,647,588	—	72,647,588	—
Corporate bonds	200,190,120	—	200,190,120	—
Convertible bonds	5,681,672	—	5,681,672	—
Capital preferred securities	5,401,966	—	5,401,966	—
Term loans	30,786	—	30,786	—
Collateralized mortgage obligations	20,727,596	—	20,727,596	—
Asset backed securities	16,235,998	—	16,235,998	—
Common stocks	6,908,606	$6,908,606	—	—
Preferred securities	20,479,191	15,899,769	4,579,422	—
Purchased options	8,631	—	8,631	—
Short-term investments	8,580,714	3,564,714	5,016,000	—
Total investments in securities	$413,199,437	$26,373,089	$386,826,348	—
Derivatives:
Assets
Forward foreign currency contracts	$7,252,136	—	$7,252,136	—
Liabilities
Futures	(40,072)	$(40,072)	—	—
Forward foreign currency contracts	(3,337,293)	—	(3,337,293)	—
Total Bond Market Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$457,747,766	—	$457,747,766	—
Foreign government obligations	9,443,518	—	9,443,518	—
Corporate bonds	178,446,050	—	178,446,050	—
Municipal bonds	5,331,081	—	5,331,081	—
Collateralized mortgage obligations	18,476,796	—	18,476,796	—
Asset backed securities	613,586	—	613,586	—
Short-term investments	110,849,621	$110,849,621	—	—
Total investments in securities	$780,908,418	$110,849,621	$670,058,797	—
Total Stock Market Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$59,218,728	$59,218,209	$141	$378
Consumer discretionary	57,671,204	57,668,883	2,292	29
Consumer staples	44,261,622	44,261,622	—	—
Energy	15,335,282	15,335,157	—	125
Financials	64,833,102	64,832,811	—	291
Health care	81,667,143	81,652,631	—	14,512
Industrials	49,174,141	49,174,141	—	—
Information technology	135,770,451	135,770,451	—	—
Materials	12,243,506	12,243,311	—	195
Real estate	20,516,289	20,507,933	—	8,356
Utilities	18,707,903	18,707,903	—	—
Preferred securities	13,074	13,074	—	—
Rights	62,313	62,313	—	—
Warrants	267	134	—	133
Short-term investments	24,858,014	7,371,014	17,487,000	—
Total investments in securities	$584,333,039	$566,819,587	$17,489,433	$24,019

306

	Total value at 3-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Total Stock Market Index Trust (continued)
Derivatives:
Assets
Futures	$781,103	$781,103	—	—
Ultra Short Term Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$4,442,896	—	$4,442,896	—
Corporate bonds	146,601,218	—	146,601,218	—
Collateralized mortgage obligations	882,110	—	882,110	—
Asset backed securities	55,885,822	—	55,885,822	—
Short-term investments	91,180,497	$10,614,562	80,565,935	—
Total investments in securities	$298,992,543	$10,614,562	$288,377,981	—

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	Total
Balance as of 12-31-19	$4,166,029	$19,348,045	$23,514,074
Realized gain (loss)	—	—	—
Change in unrealized appreciation (depreciation)	465,357	(1,373,536)	(908,179)
Purchases	—	—	—
Sales	—	—	—
Transfers into Level 3	—	—	—
Transfers out of Level 3	—	—	—
Balance as of 3-31-20	$4,631,386	$17,974,509	$22,605,895
Change in unrealized at period end1	$465,357	$(1,373,536)	$(908,179)

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 12-31-19	$1,125,780	$2,630,819	$3,756,599
Realized gain (loss)	—	—	—
Change in unrealized appreciation (depreciation)	172,549	(36,200)	136,349
Purchases	—	—	—
Sales	—	—	—
Transfers into Level 3	—	—	—
Transfers out of Level 3	—	—	—
Balance as of 3-31-20	$1,298,329	$2,594,619	$3,892,948
Change in unrealized at period end1	$172,549	$(36,200)	$136,349

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 3-31-20	Valuation technique	Significant unobservable inputs	Input/Range*
Common stocks	$4,201,432	Transactions Indicative of Value	Exchange Ratio Discount	0.3574 10%
	429,954	Market Comparable	EV to revenue multiple Discount	3.66x 12.5%
	$4,631,386

307

Mid Cap Stock Trust	Fair Value at 3-31-20	Valuation technique	Significant unobservable inputs	Input/Range*
Preferred securities	$2,016,317	Transactions Indicative of Value Option Model	Prior/recent transactions OPM - Volatility Discount	$8.62 - $19.19 44% - 56% 20%
	9,494,889	Market Comparable	EV to revenue multiple Discount	0.95x - 3.66x (weighted average 1.45x) 12.5% - 17.5% (weighted average 16.99%)
	6,414,872	Market Comparable	EV to revenue multiple Discount OPM - Volatility	2.81x - 4.51x (weighted average 3.36x) 25% 20% - 45% (weighted average 34.5%)
	48,431	Recovery Value	Expected future value Discount	0.355 55%
	$17,974,509
Total	$22,605,895

Small Cap Stock Trust	Fair Value at 3-31-20	Valuation technique	Significant unobservable inputs	Input/Range*
Common stocks	$1,298,329	Transactions Indicative of Value	Exchange Ratio Discount	0.3574 10%
Preferred securities	$2,594,619	Market Comparable	EV to revenue multiple Discount OPM - Volatility	2.81x - 3.24x (weighted average 3.07x) 25% 20% - 45% (weighted average 35.2%)
Total	$3,892,948

*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 the portfolios' Level 3 securities as of March 31, 2020, 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
Exchange Ratio	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	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
500 Index Trust
John Hancock Collateral Trust	3,579,810	$35,112,410	$170,095,448	$(169,433,137)	$(4,431)	$18,862	$32,452	—	$35,789,152
Active Bond Trust
John Hancock Collateral Trust	1,783,589	$8,396,803	$46,979,337	$(37,537,577)	$(7,771)	$639	$25,536	—	$17,831,431
Blue Chip Growth Trust
John Hancock Collateral Trust	1,721,226	$22,232,407	$41,265,286	$(46,283,637)	$(6,047)	$(51)	$22,935	—	$17,207,958
Capital Appreciation Trust
John Hancock Collateral Trust	92,166	$16,001,464	$58,007,101	$(73,079,003)	$(8,518)	$388	$9,622	—	$921,432
Capital Appreciation Value Trust
John Hancock Collateral Trust	697,307	$9,357,920	$14,091,559	$(16,474,836)	$(3,685)	$365	$17,808	—	$6,971,323
Core Bond Trust

308

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
John Hancock Collateral Trust	902,996	$10,362,959	$73,675,080	$(75,010,000)	$(4,186)	$3,847	$9,893	—	$9,027,700
Disciplined Value International Trust
John Hancock Collateral Trust	584,906	$301,558	$12,506,798	$(6,959,776)	$(3,997)	$3,016	$2,172	—	$5,847,599
Emerging Markets Value Trust
John Hancock Collateral Trust	385,850	$2,739,712	$9,311,634	$(8,192,312)	$(1,376)	$(125)	$16,306	—	$3,857,533
Equity Income Trust
John Hancock Collateral Trust	1,877,830	$27,903,159	$29,634,423	$(38,743,764)	$(8,994)	$(11,221)	$25,472	—	$18,773,603
Financial Industries Trust
John Hancock Collateral Trust	25,828	$2,126,965	$2,530,600	$(4,399,430)	$(45)	$122	$649	—	$258,212
Global Trust
John Hancock Collateral Trust	9,935	$5,792,264	$13,246,434	$(18,935,587)	$(3,991)	$207	$6,255	—	$99,327
High Yield Trust
John Hancock Collateral Trust	749,833	$15,941,751	$20,442,382	$(28,882,461)	$(4,164)	$(1,053)	$18,099	—	$7,496,455
International Equity Index Trust
John Hancock Collateral Trust	2,102,137	$25,107,529	$40,677,499	$(44,752,022)	$(166)	$(16,727)	$63,512	—	$21,016,113
International Small Company Trust
John Hancock Collateral Trust	676,782	$7,757,392	$5,377,239	$(6,362,600)	$(1,225)	$(4,673)	$43,207	—	$6,766,133
Investment Quality Bond Trust
John Hancock Collateral Trust	404,857	$1,765,533	$9,023,040	$(6,740,433)	$(2,650)	$2,072	$2,549	—	$4,047,562
Lifestyle Aggressive Portfolio
John Hancock Collateral Trust	—	$253,615	$1,550,830	$(1,803,161)	$(1,299)	$15	$407	—	—
Strategic Equity Allocation	1,514,127	30,233,735	2,655,505	(2,142,493)	143,586	(6,921,707)	—	—	$23,968,626
					$142,287	$(6,921,692)	$407	—	$23,968,626
Lifestyle Balanced Portfolio
Select Bond	30,103,712	$500,438,961	$7,829,629	$(94,840,402)	$2,731,026	$1,379,266	—	—	$417,538,480
Strategic Equity Allocation	26,027,518	510,455,981	22,291,116	(9,253,072)	1,690,450	(113,168,860)	—	—	412,015,615
					$4,421,476	$(111,789,594)	—	—	$829,554,095
Lifestyle Conservative Portfolio
Select Bond	10,526,995	$149,135,737	$8,586,185	$(12,827,620)	$151,363	$963,759	—	—	$146,009,424
Strategic Equity Allocation	2,329,037	37,283,934	10,831,799	(2,847,769)	155,488	(8,554,793)	—	—	36,868,659
					$306,851	$(7,591,034)	—	—	$182,878,083
Lifestyle Growth Portfolio
Select Bond	110,451,963	$1,820,552,437	—	$(303,909,946)	$6,433,378	$8,892,856	—	—	$1,531,968,725
Strategic Equity Allocation	214,372,137	4,385,159,928	$99,384,412	(158,852,665)	30,877,796	(963,058,545)	—	—	3,393,510,926
					$37,311,174	$(954,165,689)	—	—	$4,925,479,651
Lifestyle Moderate Portfolio
Select Bond	11,471,682	$186,255,957	$2,198,537	$(30,675,019)	$744,456	$588,296	—	—	$159,112,227
Strategic Equity Allocation	6,648,496	125,255,690	11,844,589	(4,309,219)	787,604	(28,332,980)	—	—	105,245,684
					$1,532,060	$(27,744,684)	—	—	$264,357,911
Managed Volatility Aggressive Portfolio

309

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
Blue Chip Growth	869,370	$37,946,014	$2,645	$(7,362,896)	$863,565	$(5,420,393)	—	—	$26,028,935
Emerging Markets Equity	2,145,631	27,874,276	498,610	(3,112,594)	(460,277)	(5,682,444)	—	—	19,117,571
Equity Income	2,388,926	37,966,453	954,653	(1,924,610)	(1,507,161)	(9,450,045)	—	—	26,039,290
Fundamental Large Cap Core	672,579	38,647,447	697,017	(3,456,349)	(1,078,080)	(8,303,685)	—	—	26,506,350
Mid Cap Stock	638,482	14,394,408	490,997	(2,979,538)	45,001	(2,137,402)	—	—	9,813,466
Mid Value	1,442,211	14,404,232	618,257	(998,225)	(1,013,283)	(3,131,839)	—	—	9,879,142
Multifactor Developed International ETF	448,772	14,675,324	293,261	(1,357,280)	(327,771)	(3,096,410)	—	—	10,187,124
Multifactor Emerging Markets ETF	428,401	11,954,155	515,218	(935,518)	(158,654)	(2,897,145)	—	—	8,478,056
Multifactor Large Cap ETF	472,860	22,097,218	7,314	(2,192,251)	313,531	(5,056,463)	—	—	15,169,349
Multifactor Mid Cap ETF	255,531	10,603,588	510,179	(1,027,310)	37,522	(2,864,343)	—	—	7,259,636
Multifactor Small Cap ETF	557,415	15,582,789	867,810	(973,431)	(399,024)	(4,481,685)	—	—	10,596,459
Small Cap Growth	241,518	5,070,866	48,971	(957,351)	(377,830)	(306,803)	—	—	3,477,853
Small Cap Value	300,852	5,070,866	754,694	(493,928)	(410,645)	(1,443,134)	—	—	3,477,853
Strategic Equity Allocation	3,469,796	80,085,844	—	(7,811,993)	16,756	(17,363,734)	—	—	54,926,873
					$(4,456,350)	$(71,635,525)	—	—	$230,957,957
Managed Volatility Balanced Portfolio
Blue Chip Growth	7,206,527	$273,335,639	$11,062,040	$(37,221,861)	$7,666,652	$(39,079,038)	—	—	$215,763,432
Bond	42,878,086	838,413,777	6,898,901	(150,410,485)	5,305,154	(23,591,143)	$6,898,901	—	676,616,204
Core Bond	17,261,950	291,118,496	—	(61,247,303)	(1,955,522)	7,364,709	—	—	235,280,380
Emerging Markets Equity	17,906,009	203,286,380	7,459,125	(6,131,916)	724,893	(45,795,944)	—	—	159,542,538
Equity Income	19,568,218	274,551,879	21,100,125	(3,389,874)	(66,621)	(78,901,934)	—	—	213,293,575
Fundamental Large Cap Core	6,345,638	319,202,424	24,191,671	(17,509,119)	(278,434)	(75,524,929)	—	—	250,081,613
Mid Cap Stock	3,633,298	71,872,719	4,135,885	(10,180,710)	1,354,439	(11,338,537)	—	—	55,843,796
Mid Value	8,097,870	72,289,978	5,028,279	(1,104,136)	(553,957)	(20,189,754)	—	—	55,470,410
Multifactor Developed International ETF	4,213,014	119,482,650	5,663,779	(1,553,453)	(246,828)	(27,710,730)	—	—	95,635,418
Multifactor Emerging Markets ETF	3,428,739	86,878,572	4,229,528	(815,898)	84,925	(22,522,382)	—	—	67,854,745
Multifactor Large Cap ETF	4,048,820	165,193,272	7,945,409	(8,103,600)	2,598,647	(37,747,582)	—	—	129,886,146
Multifactor Mid Cap ETF	3,010,726	111,296,793	8,576,046	(4,513,713)	1,378,087	(31,202,487)	—	—	85,534,726
Multifactor Small Cap ETF	3,396,524	86,268,985	8,062,678	(2,397,473)	52,382	(27,418,651)	—	—	64,567,921
Select Bond	124,499,073	2,136,770,019	—	(420,956,558)	2,308,363	8,680,318	—	—	1,726,802,142
Small Cap Growth	2,086,480	38,019,173	1,679,841	(4,769,179)	(1,344,030)	(3,540,495)	—	—	30,045,310
Small Cap Value	2,464,702	38,177,292	4,591,741	(23,896)	(7,105)	(14,246,079)	—	—	28,491,953

310

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
Strategic Equity Allocation	74,013,742	$1,498,762,188	$64,489,529	$(72,962,044)	$25,662,909	$(344,315,043)	—	—	$1,171,637,539
					$42,683,954	$(787,079,701)	$6,898,901	—	$5,262,347,848
Managed Volatility Conservative Portfolio
Blue Chip Growth	672,936	$22,557,952	$2,203,256	$(1,902,218)	$54,392	$(2,765,683)	—	—	$20,147,699
Bond	12,900,259	225,133,616	2,023,488	(18,791,578)	696,954	(5,496,394)	$1,881,332	—	203,566,086
Core Bond	5,177,487	78,045,847	186,686	(9,227,280)	(302,689)	1,866,584	—	—	70,569,148
Emerging Markets Equity	1,017,642	10,723,887	1,466,780	(649,851)	79,325	(2,552,949)	—	—	9,067,192
Equity Income	1,824,647	22,602,382	4,447,239	(437,173)	(1,023)	(6,722,777)	—	—	19,888,648
Fundamental Large Cap Core	485,101	22,239,215	3,448,383	(1,007,507)	6,901	(5,569,181)	—	—	19,117,811
Multifactor Developed International ETF	19,777	500,625	76,256	(8,033)	277	(120,187)	—	—	448,938
Multifactor Emerging Markets ETF	191,981	4,478,896	737,526	(204,796)	21,636	(1,233,958)	—	—	3,799,304
Multifactor Large Cap ETF	317,405	11,514,931	1,630,771	(427,618)	60,090	(2,595,822)	—	—	10,182,352
Multifactor Mid Cap ETF	438,251	14,017,009	2,919,709	(618,198)	24,691	(3,892,500)	—	—	12,450,711
Multifactor Small Cap ETF	393,231	8,533,062	2,161,272	(395,398)	(17,738)	(2,805,877)	—	—	7,475,321
Select Bond	37,388,514	573,521,345	546,281	(58,948,083)	228,158	3,230,989	—	—	518,578,690
Strategic Equity Allocation	5,459,017	99,440,287	11,727,856	(2,886,396)	513,006	(22,378,511)	—	—	86,416,242
					$1,363,980	$(51,036,266)	$1,881,332	—	$981,708,142
Managed Volatility Growth Portfolio
Blue Chip Growth	10,199,761	$414,427,942	$6,406,446	$(67,407,416)	$8,845,153	$(56,891,286)	—	—	$305,380,839
Bond	28,046,436	609,737,585	4,924,311	(158,581,466)	5,575,932	(19,083,605)	$4,924,311	—	442,572,757
Core Bond	11,308,363	212,118,572	—	(61,613,609)	(1,972,513)	5,600,538	—	—	154,132,988
Emerging Markets Equity	34,670,067	420,014,909	4,147,471	(22,566,616)	1,383,807	(94,069,275)	—	—	308,910,296
Equity Income	28,034,710	415,706,474	18,414,382	(10,143,436)	(1,516,624)	(116,882,460)	—	—	305,578,336
Fundamental Large Cap Core	10,037,379	538,134,696	22,998,352	(39,033,217)	(3,944,651)	(122,582,065)	—	—	395,573,115
Mid Cap Stock	7,513,055	157,444,151	9,082,180	(29,798,642)	3,489,764	(24,741,794)	—	—	115,475,659
Mid Value	16,976,251	158,196,399	9,006,262	(6,411,359)	(4,194,314)	(40,309,667)	—	—	116,287,321
Multifactor Developed International ETF	8,733,370	262,871,976	6,137,483	(9,586,139)	(1,776,970)	(59,398,851)	—	—	198,247,499
Multifactor Emerging Markets ETF	6,837,912	178,515,441	3,972,458	(1,405,386)	163,306	(45,923,541)	—	—	135,322,278
Multifactor Large Cap ETF	6,437,262	278,526,261	6,396,231	(19,682,761)	5,348,931	(64,081,297)	—	—	206,507,365
Multifactor Mid Cap ETF	5,064,209	194,821,431	14,900,963	(15,039,134)	2,781,396	(53,590,478)	—	—	143,874,178
Multifactor Small Cap ETF	7,029,913	181,185,595	17,550,313	(9,218,548)	(1,354,146)	(54,524,568)	—	—	133,638,646
Select Bond	81,871,659	1,562,212,801	—	(433,262,962)	4,411,159	2,198,913	—	—	1,135,559,911
Small Cap Growth	3,434,956	64,919,229	1,269,413	(7,931,583)	(2,822,500)	(5,971,196)	—	—	49,463,363

311

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
Small Cap Value	4,278,838	$67,289,588	$10,305,091	$(3,962,270)	$(3,919,333)	$(20,249,713)	—	—	$49,463,363
Strategic Equity Allocation	123,547,611	2,660,599,437	47,854,222	(189,502,165)	58,283,013	(621,475,820)	—	—	1,955,758,687
					$68,781,410	$(1,391,976,165)	$4,924,311	—	$6,151,746,601
Managed Volatility Moderate Portfolio
Blue Chip Growth	1,905,490	$69,243,569	$3,544,979	$(7,690,030)	$1,694,118	$(9,742,259)	—	—	$57,050,377
Bond	15,270,252	288,323,130	2,382,112	(43,624,269)	1,675,218	(7,791,609)	$2,382,113	—	240,964,582
Core Bond	6,151,892	100,017,684	—	(18,091,746)	(492,888)	2,417,232	—	—	83,850,282
Emerging Markets Equity	3,340,232	37,178,650	2,030,847	(1,132,899)	282,243	(8,597,377)	—	—	29,761,464
Equity Income	4,979,734	69,451,100	5,282,463	(416,580)	(150,207)	(19,887,679)	—	—	54,279,097
Fundamental Large Cap Core	1,526,544	76,140,670	5,636,725	(3,453,123)	(5,631)	(18,157,557)	—	—	60,161,084
Mid Cap Stock	999,057	18,948,306	1,323,584	(2,253,263)	417,912	(3,081,034)	—	—	15,355,505
Mid Value	2,144,706	19,030,342	1,254,265	(105,895)	(47,383)	(5,440,095)	—	—	14,691,234
Multifactor Developed International ETF	643,946	17,717,938	1,063,793	(9,804)	(2,405)	(4,151,948)	—	—	14,617,574
Multifactor Emerging Markets ETF	645,545	15,984,110	1,127,042	(159,257)	15,831	(4,192,390)	—	—	12,775,336
Multifactor Large Cap ETF	990,994	39,451,332	2,306,861	(1,481,757)	204,427	(8,689,775)	—	—	31,791,088
Multifactor Mid Cap ETF	392,513	14,405,789	1,068,260	(451,850)	47,469	(3,918,374)	—	—	11,151,294
Multifactor Small Cap ETF	478,336	11,818,604	1,234,674	(220,618)	5,243	(3,744,736)	—	—	9,093,167
Select Bond	44,381,268	735,358,416	—	(123,945,290)	706,241	3,448,822	—	—	615,568,189
Small Cap Growth	508,017	8,875,311	487,767	(899,189)	(232,007)	(916,442)	—	—	7,315,440
Small Cap Value	583,034	8,897,554	1,165,811	(5,218)	(399)	(3,317,878)	—	—	6,739,870
Strategic Equity Allocation	17,827,495	348,104,722	18,743,462	(9,784,423)	2,207,351	(77,061,861)	—	—	282,209,251
					$6,325,133	$(172,824,960)	$2,382,113	—	$1,547,374,834
Mid Cap Index Trust
John Hancock Collateral Trust	4,127,002	$49,737,656	$74,327,643	$(82,815,633)	$936	$9,104	$54,928	—	$41,259,706
Mid Cap Stock Trust
John Hancock Collateral Trust	3,681,200	$76,002,767	$113,850,821	$(153,051,810)	$(15,492)	$16,507	$375,327	—	$36,802,793
Mid Value Trust
John Hancock Collateral Trust	2,194,489	$62,363,194	$59,927,194	$(100,329,846)	$(16,915)	$(4,223)	$26,926	—	$21,939,404
Mutual Shares Trust
John Hancock Collateral Trust	14,396	$2,900,493	$8,517,165	$(11,270,194)	$(3,513)	$(24)	$1,824	—	$143,927
Real Estate Securities Trust
John Hancock Collateral Trust	127,803	—	$2,046,022	$(767,958)	$(91)	$(259)	$584	—	$1,277,714
Science & Technology Trust
John Hancock Collateral Trust	1,905,165	$42,032,279	$102,167,306	$(125,128,225)	$(21,539)	$(2,934)	$40,978	—	$19,046,887
Select Bond Trust
John Hancock Collateral Trust	8,837,661	$190,322,173	$599,593,015	$(701,490,893)	$(72,364)	$2,589	$138,670	—	$88,354,520

312

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
Short Term Government Income Trust
John Hancock Collateral Trust	—	—	$4,235,000	$(4,236,901)	$1,901	—	$837	—	—
Small Cap Index Trust
John Hancock Collateral Trust	2,638,291	$2,861,808	$43,133,242	$(19,581,089)	$(20,171)	$(17,479)	$4,075	—	$26,376,311
Small Cap Opportunities Trust
John Hancock Collateral Trust	183,343	$2,239,790	$6,080,789	$(6,487,808)	$91	$110	$9,787	—	$1,832,972
Small Cap Stock Trust
John Hancock Collateral Trust	1,225,877	$29,586,924	$46,340,491	$(63,664,675)	$(7,483)	$444	$136,006	—	$12,255,701
Small Cap Value Trust
John Hancock Collateral Trust	673,531	$13,393,947	$25,797,349	$(32,453,252)	$(2,317)	$(2,097)	$6,770	—	$6,733,630
Small Company Value Trust
John Hancock Collateral Trust	810,201	$11,047,283	$15,077,332	$(18,018,505)	$(1,100)	$(5,028)	$46,143	—	$8,099,982
Strategic Equity Allocation Trust
John Hancock Collateral Trust	12,076,013	$228,993,780	$330,811,316	$(438,994,472)	$(51,884)	$(28,799)	$330,624	—	$120,729,941
Strategic Income Opportunities Trust
John Hancock Collateral Trust	356,561	$4,054,538	$10,415,225	$(10,899,481)	$(1,767)	$(3,801)	$14,895	—	$3,564,714
Total Bond Market Trust
John Hancock Collateral Trust	2,675,830	$6,884,643	$36,313,476	$(16,443,573)	$(2,551)	$(386)	$11,207	—	$26,751,609
Total Stock Market Index Trust
John Hancock Collateral Trust	737,286	$15,859,493	$17,305,878	$(25,795,201)	$(2,655)	$3,499	$46,267	—	$7,371,014
Ultra Short Term Bond Trust
John Hancock Collateral Trust	97,368	$3,347,366	$16,237,393	$(18,615,368)	$3,619	$429	$1,828	—	$973,439

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	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
International Equity Index Trust
Manulife Financial Corp.	68,800	$1,465,629	—	$(56,535)	$17,339	$(562,583)	$12,930	—	$863,850

Restricted securities. The portfolios may hold restricted 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 restricted securities held at March 31, 2020:

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	0.2%	$396,841
Doximity, Inc.	4-10-14	152,390	31,611	—	—	31,611	0.2%	449,192
JAND, Inc., Class A	4-23-15	170,752	14,867	—	—	14,867	0.1%	221,964
JAND, Inc., Series D	4-23-15	381,289	33,198	—	—	33,198	0.2%	495,646
								$1,563,643
High Yield Trust
KCAD Holdings I, Ltd.	3-21-11	$1,353,651	165,553,563	—	—	165,553,563	0.0%*	$166
MWO Holdings LLC	8-30-16	438,156	445	—	—	445	0.0%*	25,841
New Cotai, Inc., Class B	4-12-13	—	3	—	—	3	0.0%	—
								$26,007

313

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
Mid Cap Stock Trust
Coupang LLC	11-20-14	$3,902,615	707,162	—	—	707,162	0.7%	$4,143,969
DraftKings, Inc.	12-4-14	1,551,991	1,058,486	—	—	1,058,486	0.7%	4,201,432
Essence Group Holdings Corp.	5-1-14	2,731,549	1,663,188	—	—	1,663,188	0.7%	4,390,816
JAND, Inc., Class A	4-23-15	345,543	28,798	—	—	28,798	0.1%	429,954
JAND, Inc., Series D	4-23-15	771,614	64,307	—	—	64,307	0.1%	960,104
Lookout, Inc., Series F	7-31-14	2,338,736	211,003	—	—	211,003	0.2%	1,405,280
MarkLogic Corp., Series F	4-27-15	2,909,989	253,035	—	—	253,035	0.5%	2,603,730
The Honest Company, Inc., Series C	8-20-14	2,080,622	75,561	—	—	75,561	0.4%	2,405,862
The We Company, Inc., Series D1	12-8-14	1,983,758	92,333	—	—	92,333	0.2%	1,073,833
The We Company, Inc., Series D2	12-8-14	1,700,068	81,039	—	—	81,039	0.1%	942,484
								$22,557,464
Science & Technology Trust
Airbnb, Inc., Series E	7-14-15	$802,846	8,624	—	—	8,624	0.1%	$793,149
DiDi Chuxing, Inc.	10-19-15	260,905	9,513	—	—	9,513	0.1%	387,607
								$1,180,756
Small Cap Stock Trust
DraftKings, Inc.	7-13-15	$1,234,765	327,094	—	—	327,094	0.6%	$1,298,329
MarkLogic Corp., Series F	4-27-15	1,781,885	153,423	—	—	153,423	0.7%	1,578,723
The Honest Company, Inc., Series D	8-3-15	1,233,280	26,954	—	—	26,954	0.5%	1,015,896
								$3,892,948

* Less than 0.05%.

American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust and American International Trust (collectively, the JHVIT Feeder Funds), Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio and Lifestyle Moderate Portfolio (collectively, the Lifestyle Portfolios) operate as "funds of funds,", investing in shares of mutual funds (underlying funds). The accounting policies of the underlying funds in which the Lifestyle Portfolios invest are outlined in the underlying funds’ shareholder reports, which include the underlying funds’ financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-344-1029 or visiting jhannuities.com. 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. The underlying 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.

314