John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.3%
Communication services – 7.8%
Diversified telecommunication services – 0.8%
AT&T, Inc.	1,447,730	$	27,868,803
Verizon Communications, Inc.	851,829		33,127,630
			60,996,433
Entertainment – 1.4%
Activision Blizzard, Inc.	145,179		12,425,871
Electronic Arts, Inc.	53,249		6,413,842
Live Nation Entertainment, Inc. (A)	28,643		2,005,010
Netflix, Inc. (A)	90,376		31,223,100
Take-Two Interactive Software, Inc. (A)	32,753		3,907,433
The Walt Disney Company (A)	370,794		37,127,603
Warner Brothers Discovery, Inc. (A)	445,343		6,724,679
			99,827,538
Interactive media and services – 4.6%
Alphabet, Inc., Class A (A)	1,208,756		125,384,260
Alphabet, Inc., Class C (A)	1,053,063		109,518,552
Match Group, Inc. (A)	57,048		2,190,073
Meta Platforms, Inc., Class A (A)	451,604		95,712,952
			332,805,837
Media – 0.8%
Charter Communications, Inc., Class A (A)	21,383		7,646,775
Comcast Corp., Class A	854,314		32,387,044
DISH Network Corp., Class A (A)	50,601		472,107
Fox Corp., Class A	61,789		2,103,915
Fox Corp., Class B	28,364		888,077
News Corp., Class A	77,739		1,342,553
News Corp., Class B	24,074		419,610
Omnicom Group, Inc.	41,295		3,895,770
Paramount Global, Class B (B)	101,798		2,271,113
The Interpublic Group of Companies, Inc.	78,829		2,935,592
			54,362,556
Wireless telecommunication services – 0.2%
T-Mobile US, Inc. (A)	120,256		17,417,879
			565,410,243
Consumer discretionary – 9.8%
Automobile components – 0.1%
Aptiv PLC (A)	54,618		6,127,593
BorgWarner, Inc.	47,743		2,344,659
			8,472,252
Automobiles – 1.9%
Ford Motor Company	796,171		10,031,755
General Motors Company	282,902		10,376,845
Tesla, Inc. (A)	545,712		113,213,406
			133,622,006
Broadline retail – 2.7%
Amazon.com, Inc. (A)	1,808,826		186,833,638
eBay, Inc.	110,749		4,913,933
Etsy, Inc. (A)	25,524		2,841,587
			194,589,158
Distributors – 0.2%
Genuine Parts Company	28,512		4,770,343
LKQ Corp.	52,549		2,982,681
Pool Corp.	7,981		2,733,014
			10,486,038
Hotels, restaurants and leisure – 2.0%
Booking Holdings, Inc. (A)	7,870		20,874,467
Caesars Entertainment, Inc. (A)	43,225		2,109,812
Carnival Corp. (A)(B)	198,989		2,019,738
Chipotle Mexican Grill, Inc. (A)	5,597		9,561,299

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Darden Restaurants, Inc.	24,711	$	3,834,159
Domino's Pizza, Inc.	7,234		2,386,280
Expedia Group, Inc. (A)	30,649		2,973,872
Hilton Worldwide Holdings, Inc.	54,115		7,623,180
Las Vegas Sands Corp. (A)	66,241		3,805,545
Marriott International, Inc., Class A	54,611		9,067,610
McDonald's Corp.	148,812		41,609,323
MGM Resorts International	65,775		2,921,726
Norwegian Cruise Line Holdings, Ltd. (A)(B)	84,949		1,142,564
Royal Caribbean Cruises, Ltd. (A)	44,220		2,887,566
Starbucks Corp.	233,181		24,281,138
Wynn Resorts, Ltd. (A)	20,864		2,334,890
Yum! Brands, Inc.	57,362		7,576,373
			147,009,542
Household durables – 0.3%
D.R. Horton, Inc.	63,746		6,227,347
Garmin, Ltd.	31,103		3,138,915
Lennar Corp., A Shares	51,404		5,403,074
Mohawk Industries, Inc. (A)	10,631		1,065,439
Newell Brands, Inc.	75,874		943,873
NVR, Inc. (A)	622		3,465,902
PulteGroup, Inc.	46,669		2,719,869
Whirlpool Corp.	10,989		1,450,768
			24,415,187
Leisure products – 0.0%
Hasbro, Inc.	26,168		1,404,960
Specialty retail – 2.1%
Advance Auto Parts, Inc.	12,225		1,486,682
AutoZone, Inc. (A)	3,806		9,355,719
Bath & Body Works, Inc.	46,024		1,683,558
Best Buy Company, Inc.	40,399		3,162,030
CarMax, Inc. (A)	32,087		2,062,552
Lowe's Companies, Inc.	122,649		24,526,121
O'Reilly Automotive, Inc. (A)	12,647		10,737,050
Ross Stores, Inc.	69,253		7,349,821
The Home Depot, Inc.	206,731		61,010,453
The TJX Companies, Inc.	234,414		18,368,681
Tractor Supply Company	22,377		5,259,490
Ulta Beauty, Inc. (A)	10,446		5,700,069
			150,702,226
Textiles, apparel and luxury goods – 0.5%
NIKE, Inc., Class B	252,791		31,002,288
Ralph Lauren Corp. (B)	8,648		1,008,962
Tapestry, Inc.	47,507		2,048,027
VF Corp.	66,571		1,525,142
			35,584,419
			706,285,788
Consumer staples – 7.0%
Beverages – 1.7%
Brown-Forman Corp., Class B	36,859		2,368,928
Constellation Brands, Inc., Class A	33,000		7,454,370
Keurig Dr. Pepper, Inc.	171,282		6,042,829
Molson Coors Beverage Company, Class B	37,938		1,960,636
Monster Beverage Corp. (A)	155,076		8,375,655
PepsiCo, Inc.	279,460		50,945,558
The Coca-Cola Company	789,862		48,995,140
			126,143,116
Consumer staples distribution and retail – 1.9%
Costco Wholesale Corp.	90,061		44,748,609
Dollar General Corp.	45,157		9,503,742
Dollar Tree, Inc. (A)	42,553		6,108,483

 

1

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples distribution and retail (continued)
Sysco Corp.	102,707	$	7,932,062
Target Corp.	93,478		15,482,761
The Kroger Company	131,269		6,480,751
Walgreens Boots Alliance, Inc.	144,610		5,000,614
Walmart, Inc.	284,588		41,962,501
			137,219,523
Food products – 1.1%
Archer-Daniels-Midland Company	111,141		8,853,492
Bunge, Ltd.	30,477		2,911,163
Campbell Soup Company	40,598		2,232,078
Conagra Brands, Inc.	96,783		3,635,169
General Mills, Inc.	120,091		10,262,977
Hormel Foods Corp.	58,343		2,326,719
Kellogg Company	51,423		3,443,284
Lamb Weston Holdings, Inc.	28,973		3,028,258
McCormick & Company, Inc.	50,494		4,201,606
Mondelez International, Inc., Class A	276,298		19,263,497
The Hershey Company	30,148		7,669,953
The J.M. Smucker Company	21,481		3,380,465
The Kraft Heinz Company	160,576		6,209,474
Tyson Foods, Inc., Class A	58,385		3,463,398
			80,881,533
Household products – 1.4%
Church & Dwight Company, Inc.	48,969		4,329,349
Colgate-Palmolive Company	169,963		12,772,719
Kimberly-Clark Corp.	68,062		9,135,282
The Clorox Company	24,829		3,928,941
The Procter & Gamble Company	478,647		71,170,022
			101,336,313
Personal care products – 0.2%
The Estee Lauder Companies, Inc., Class A	47,287		11,654,354
Tobacco – 0.7%
Altria Group, Inc.	363,034		16,198,577
Philip Morris International, Inc.	314,432		30,578,512
			46,777,089
			504,011,928
Energy – 4.4%
Energy equipment and services – 0.3%
Baker Hughes Company	203,963		5,886,372
Halliburton Company	182,834		5,784,868
Schlumberger, Ltd.	288,412		14,161,029
			25,832,269
Oil, gas and consumable fuels – 4.1%
APA Corp.	65,826		2,373,686
Chevron Corp.	360,903		58,884,933
ConocoPhillips	248,316		24,635,430
Coterra Energy, Inc.	160,387		3,935,897
Devon Energy Corp.	132,004		6,680,722
Diamondback Energy, Inc.	37,360		5,049,951
EOG Resources, Inc.	119,444		13,691,866
EQT Corp.	74,581		2,379,880
Exxon Mobil Corp.	835,507		91,621,698
Hess Corp.	56,175		7,434,200
Kinder Morgan, Inc.	399,686		6,998,502
Marathon Oil Corp.	129,339		3,098,962
Marathon Petroleum Corp.	92,195		12,430,652
Occidental Petroleum Corp.	147,733		9,222,971
ONEOK, Inc.	90,085		5,724,001
Phillips 66	94,599		9,590,447
Pioneer Natural Resources Company	48,114		9,826,803
Targa Resources Corp.	45,672		3,331,772
The Williams Companies, Inc.	245,648		7,335,049

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Valero Energy Corp.	78,285	$	10,928,586
			295,176,008
			321,008,277
Financials – 12.4%
Banks – 3.0%
Bank of America Corp.	1,416,046		40,498,916
Citigroup, Inc.	393,374		18,445,307
Citizens Financial Group, Inc.	99,919		3,034,540
Comerica, Inc.	26,372		1,145,072
Fifth Third Bancorp	138,331		3,685,138
First Republic Bank	36,834		515,308
Huntington Bancshares, Inc.	290,737		3,256,254
JPMorgan Chase & Co.	595,065		77,542,920
KeyCorp	188,019		2,353,998
M&T Bank Corp.	34,346		4,106,751
Regions Financial Corp.	188,368		3,496,110
The PNC Financial Services Group, Inc.	81,521		10,361,319
Truist Financial Corp.	271,505		9,258,321
U.S. Bancorp	282,805		10,195,120
Wells Fargo & Company	773,452		28,911,636
Zions Bancorp NA	30,334		907,897
			217,714,607
Capital markets – 2.7%
Ameriprise Financial, Inc.	21,341		6,541,017
BlackRock, Inc.	30,394		20,337,233
Cboe Global Markets, Inc.	21,381		2,870,185
CME Group, Inc.	73,182		14,015,817
FactSet Research Systems, Inc.	7,656		3,177,929
Franklin Resources, Inc.	57,265		1,542,719
Intercontinental Exchange, Inc.	113,935		11,882,281
Invesco, Ltd.	91,704		1,503,946
MarketAxess Holdings, Inc.	7,588		2,969,109
Moody's Corp.	31,813		9,735,414
Morgan Stanley	265,081		23,274,112
MSCI, Inc.	16,229		9,083,209
Nasdaq, Inc.	68,329		3,735,546
Northern Trust Corp.	42,010		3,702,341
Raymond James Financial, Inc.	39,158		3,652,267
S&P Global, Inc.	66,818		23,036,842
State Street Corp.	70,990		5,373,233
T. Rowe Price Group, Inc.	45,498		5,136,724
The Bank of New York Mellon Corp.	148,246		6,736,298
The Charles Schwab Corp.	310,039		16,239,843
The Goldman Sachs Group, Inc.	68,815		22,510,075
			197,056,140
Consumer finance – 0.5%
American Express Company	120,916		19,945,094
Capital One Financial Corp.	77,375		7,440,380
Discover Financial Services	53,699		5,307,609
Synchrony Financial	88,621		2,577,099
			35,270,182
Financial services – 4.1%
Berkshire Hathaway, Inc., Class B (A)	365,484		112,850,495
Fidelity National Information Services, Inc.	120,006		6,519,926
Fiserv, Inc. (A)	128,936		14,573,636
FleetCor Technologies, Inc. (A)	15,122		3,188,474
Global Payments, Inc.	53,450		5,625,078
Jack Henry & Associates, Inc.	14,688		2,213,775
Mastercard, Inc., Class A	171,182		62,209,251
PayPal Holdings, Inc. (A)	229,608		17,436,432

 

2

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Visa, Inc., Class A	329,609	$	74,313,645
			298,930,712
Insurance – 2.1%
Aflac, Inc.	113,770		7,340,440
American International Group, Inc.	150,543		7,581,345
Aon PLC, Class A	41,682		13,141,918
Arch Capital Group, Ltd. (A)	74,416		5,050,614
Arthur J. Gallagher & Company	43,147		8,254,453
Assurant, Inc.	10,727		1,287,991
Brown & Brown, Inc.	47,261		2,713,727
Chubb, Ltd.	84,194		16,348,791
Cincinnati Financial Corp.	32,093		3,596,983
Everest Re Group, Ltd.	7,945		2,844,469
Globe Life, Inc.	18,268		2,009,845
Lincoln National Corp.	31,227		701,671
Loews Corp.	40,315		2,339,076
Marsh & McLennan Companies, Inc.	100,599		16,754,763
MetLife, Inc.	132,723		7,689,971
Principal Financial Group, Inc.	46,727		3,472,751
Prudential Financial, Inc.	74,993		6,204,921
The Allstate Corp.	53,297		5,905,841
The Hartford Financial Services Group, Inc.	63,123		4,399,042
The Progressive Corp.	118,892		17,008,690
The Travelers Companies, Inc.	46,897		8,038,615
W.R. Berkley Corp.	41,177		2,563,680
Willis Towers Watson PLC	21,567		5,011,739
			150,261,336
			899,232,977
Health care – 13.7%
Biotechnology – 2.2%
AbbVie, Inc.	358,849		57,189,765
Amgen, Inc.	108,401		26,205,942
Biogen, Inc. (A)	29,254		8,133,490
Gilead Sciences, Inc.	252,671		20,964,113
Incyte Corp. (A)	37,218		2,689,745
Moderna, Inc. (A)	66,941		10,280,799
Regeneron Pharmaceuticals, Inc. (A)	21,818		17,927,196
Vertex Pharmaceuticals, Inc. (A)	52,203		16,447,599
			159,838,649
Health care equipment and supplies – 2.8%
Abbott Laboratories	354,385		35,885,025
Align Technology, Inc. (A)	14,644		4,893,146
Baxter International, Inc.	101,525		4,117,854
Becton, Dickinson and Company	57,493		14,231,817
Boston Scientific Corp. (A)	291,355		14,576,491
Dentsply Sirona, Inc.	43,433		1,706,048
DexCom, Inc. (A)	77,981		9,059,833
Edwards Lifesciences Corp. (A)	124,977		10,339,347
GE HealthCare Technologies, Inc. (A)	73,686		6,044,463
Hologic, Inc. (A)	50,328		4,061,470
IDEXX Laboratories, Inc. (A)	16,783		8,392,843
Insulet Corp. (A)	14,119		4,503,396
Intuitive Surgical, Inc. (A)	71,117		18,168,260
Medtronic PLC	269,797		21,751,034
ResMed, Inc.	30,153		6,603,205
STERIS PLC	20,162		3,856,587
Stryker Corp.	68,407		19,528,146
Teleflex, Inc.	9,456		2,395,299
The Cooper Companies, Inc.	9,946		3,713,439

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Zimmer Biomet Holdings, Inc.	42,298	$	5,464,902
			199,292,605
Health care providers and services – 2.9%
AmerisourceBergen Corp.	32,649		5,227,431
Cardinal Health, Inc.	52,447		3,959,749
Centene Corp. (A)	111,812		7,067,637
CVS Health Corp.	260,458		19,354,634
DaVita, Inc. (A)	11,227		910,622
Elevance Health, Inc.	48,383		22,246,987
HCA Healthcare, Inc.	42,864		11,302,380
Henry Schein, Inc. (A)	27,440		2,237,458
Humana, Inc.	25,513		12,385,541
Laboratory Corp. of America Holdings	18,224		4,180,950
McKesson Corp.	27,774		9,888,933
Molina Healthcare, Inc. (A)	11,713		3,133,110
Quest Diagnostics, Inc.	22,514		3,185,281
The Cigna Group	60,585		15,481,285
UnitedHealth Group, Inc.	189,522		89,566,202
Universal Health Services, Inc., Class B	13,248		1,683,821
			211,812,021
Life sciences tools and services – 1.8%
Agilent Technologies, Inc.	60,218		8,330,558
Bio-Rad Laboratories, Inc., Class A (A)	4,320		2,069,366
Bio-Techne Corp.	31,636		2,347,075
Charles River Laboratories International, Inc. (A)	10,254		2,069,462
Danaher Corp.	132,987		33,518,043
Illumina, Inc. (A)	32,249		7,499,505
IQVIA Holdings, Inc. (A)	37,599		7,478,065
Mettler-Toledo International, Inc. (A)	4,537		6,942,563
PerkinElmer, Inc.	25,446		3,390,934
Thermo Fisher Scientific, Inc.	79,561		45,856,574
Waters Corp. (A)	12,071		3,737,544
West Pharmaceutical Services, Inc.	14,928		5,172,104
			128,411,793
Pharmaceuticals – 4.0%
Bristol-Myers Squibb Company	432,410		29,970,337
Catalent, Inc. (A)	36,128		2,373,971
Eli Lilly & Company	160,047		54,963,341
Johnson & Johnson	530,026		82,154,030
Merck & Company, Inc.	514,468		54,734,251
Organon & Company	51,271		1,205,894
Pfizer, Inc.	1,138,956		46,469,405
Viatris, Inc.	244,448		2,351,590
Zoetis, Inc.	94,374		15,707,609
			289,930,428
			989,285,496
Industrials – 8.3%
Aerospace and defense – 1.7%
General Dynamics Corp.	45,335		10,345,900
Howmet Aerospace, Inc.	74,531		3,157,878
Huntington Ingalls Industries, Inc.	8,053		1,667,132
L3Harris Technologies, Inc.	38,576		7,570,154
Lockheed Martin Corp.	46,019		21,754,562
Northrop Grumman Corp.	29,317		13,536,245
Raytheon Technologies Corp.	297,656		29,149,452
Textron, Inc.	42,644		3,011,946
The Boeing Company (A)	114,118		24,242,087
TransDigm Group, Inc.	10,576		7,795,041
			122,230,397
Air freight and logistics – 0.6%
CH Robinson Worldwide, Inc.	23,622		2,347,318

 

3

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
Expeditors International of Washington, Inc.	31,731	$	3,494,218
FedEx Corp.	47,119		10,766,220
United Parcel Service, Inc., Class B	148,253		28,759,599
			45,367,355
Building products – 0.4%
A.O. Smith Corp.	25,900		1,790,985
Allegion PLC	17,708		1,889,975
Carrier Global Corp.	169,658		7,761,854
Johnson Controls International PLC	138,860		8,362,149
Masco Corp.	45,463		2,260,420
Trane Technologies PLC	46,713		8,594,258
			30,659,641
Commercial services and supplies – 0.5%
Cintas Corp.	17,644		8,163,526
Copart, Inc. (A)	86,244		6,486,411
Republic Services, Inc.	41,399		5,597,973
Rollins, Inc.	46,656		1,751,000
Waste Management, Inc.	75,827		12,372,692
			34,371,602
Construction and engineering – 0.1%
Quanta Services, Inc.	28,833		4,804,731
Electrical equipment – 0.5%
AMETEK, Inc.	46,281		6,726,018
Eaton Corp. PLC	81,124		13,899,786
Emerson Electric Company	116,029		10,110,767
Generac Holdings, Inc. (A)	12,868		1,389,873
Rockwell Automation, Inc.	23,271		6,828,875
			38,955,319
Ground transportation – 0.8%
CSX Corp.	427,032		12,785,338
JB Hunt Transport Services, Inc.	16,742		2,937,551
Norfolk Southern Corp.	46,261		9,807,332
Old Dominion Freight Line, Inc.	18,477		6,297,701
Union Pacific Corp.	124,152		24,986,832
			56,814,754
Industrial conglomerates – 0.8%
3M Company	111,605		11,730,802
General Electric Company	221,058		21,133,145
Honeywell International, Inc.	135,812		25,956,389
			58,820,336
Machinery – 1.7%
Caterpillar, Inc.	105,607		24,167,106
Cummins, Inc.	28,423		6,789,686
Deere & Company	54,866		22,653,074
Dover Corp.	27,998		4,254,016
Fortive Corp.	71,706		4,888,198
IDEX Corp.	15,215		3,515,121
Illinois Tool Works, Inc.	56,223		13,687,489
Ingersoll Rand, Inc.	81,279		4,728,812
Nordson Corp.	10,898		2,422,189
Otis Worldwide Corp.	84,716		7,150,030
PACCAR, Inc.	105,147		7,696,760
Parker-Hannifin Corp.	25,879		8,698,191
Pentair PLC	33,154		1,832,422
Snap-on, Inc.	10,738		2,651,105
Stanley Black & Decker, Inc.	29,799		2,401,203
Wabtec Corp.	36,665		3,705,365
Xylem, Inc.	36,324		3,803,123
			125,043,890
Passenger airlines – 0.2%
Alaska Air Group, Inc. (A)	25,555		1,072,288

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Passenger airlines (continued)
American Airlines Group, Inc. (A)	131,005	$	1,932,324
Delta Air Lines, Inc. (A)	129,262		4,513,829
Southwest Airlines Company	119,616		3,892,305
United Airlines Holdings, Inc. (A)	65,870		2,914,748
			14,325,494
Professional services – 0.7%
Automatic Data Processing, Inc.	84,385		18,786,633
Broadridge Financial Solutions, Inc.	23,632		3,463,742
CoStar Group, Inc. (A)	82,657		5,690,934
Equifax, Inc.	24,675		5,005,077
Jacobs Solutions, Inc.	25,725		3,022,945
Leidos Holdings, Inc.	27,526		2,534,044
Paychex, Inc.	64,574		7,399,535
Robert Half International, Inc.	22,088		1,779,630
Verisk Analytics, Inc.	31,642		6,070,834
			53,753,374
Trading companies and distributors – 0.3%
Fastenal Company	115,852		6,249,057
United Rentals, Inc.	14,109		5,583,778
W.W. Grainger, Inc.	9,127		6,286,769
			18,119,604
			603,266,497
Information technology – 25.1%
Communications equipment – 0.9%
Arista Networks, Inc. (A)	50,544		8,484,316
Cisco Systems, Inc.	832,102		43,498,132
F5, Inc. (A)	12,007		1,749,300
Juniper Networks, Inc.	65,036		2,238,539
Motorola Solutions, Inc.	34,153		9,772,198
			65,742,485
Electronic equipment, instruments and components – 0.6%
Amphenol Corp., Class A	121,650		9,941,238
CDW Corp.	27,264		5,313,481
Corning, Inc.	153,370		5,410,894
Keysight Technologies, Inc. (A)	36,276		5,857,848
TE Connectivity, Ltd.	64,478		8,456,290
Teledyne Technologies, Inc. (A)	9,448		4,226,657
Trimble, Inc. (A)	49,926		2,617,121
Zebra Technologies Corp., Class A (A)	10,441		3,320,238
			45,143,767
IT services – 1.2%
Accenture PLC, Class A	127,518		36,445,920
Akamai Technologies, Inc. (A)	32,045		2,509,124
Cognizant Technology Solutions Corp., Class A	104,382		6,359,995
DXC Technology Company (A)	46,342		1,184,502
EPAM Systems, Inc. (A)	11,565		3,457,935
Gartner, Inc. (A)	15,945		5,194,403
IBM Corp.	183,415		24,043,872
VeriSign, Inc. (A)	18,816		3,976,385
			83,172,136
Semiconductors and semiconductor equipment – 6.2%
Advanced Micro Devices, Inc. (A)	327,242		32,072,988
Analog Devices, Inc.	102,866		20,287,233
Applied Materials, Inc.	171,090		21,014,985
Broadcom, Inc.	84,760		54,376,930
Enphase Energy, Inc. (A)	27,307		5,742,116
First Solar, Inc. (A)	20,364		4,429,170
Intel Corp.	839,496		27,426,334
KLA Corp.	28,105		11,218,673
Lam Research Corp.	27,342		14,494,541
Microchip Technology, Inc.	111,377		9,331,165

 

4

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Micron Technology, Inc.	222,387	$	13,418,832
Monolithic Power Systems, Inc.	9,238		4,623,989
NVIDIA Corp.	499,142		138,646,673
NXP Semiconductors NV	52,182		9,730,638
ON Semiconductor Corp. (A)	87,338		7,189,664
Qorvo, Inc. (A)	20,805		2,113,164
Qualcomm, Inc.	226,390		28,882,836
Skyworks Solutions, Inc.	32,345		3,816,063
SolarEdge Technologies, Inc. (A)	11,216		3,409,103
Teradyne, Inc.	31,606		3,397,961
Texas Instruments, Inc.	183,441		34,121,860
			449,744,918
Software – 9.1%
Adobe, Inc. (A)	92,892		35,797,790
ANSYS, Inc. (A)	17,553		5,841,638
Autodesk, Inc. (A)	43,801		9,117,616
Cadence Design Systems, Inc. (A)	55,860		11,735,627
Ceridian HCM Holding, Inc. (A)	30,855		2,259,203
Fair Isaac Corp. (A)	5,113		3,592,854
Fortinet, Inc. (A)	131,937		8,768,533
Gen Digital, Inc.	119,359		2,048,200
Intuit, Inc.	56,865		25,352,123
Microsoft Corp.	1,510,176		435,383,741
Oracle Corp.	311,700		28,963,164
Paycom Software, Inc. (A)	9,799		2,978,994
PTC, Inc. (A)	21,312		2,732,838
Roper Technologies, Inc.	21,371		9,417,986
Salesforce, Inc. (A)	202,920		40,539,358
ServiceNow, Inc. (A)	41,207		19,149,717
Synopsys, Inc. (A)	30,838		11,911,178
Tyler Technologies, Inc. (A)	8,382		2,972,592
			658,563,152
Technology hardware, storage and peripherals – 7.1%
Apple, Inc.	3,017,430		497,574,207
Hewlett Packard Enterprise Company	261,936		4,172,640
HP, Inc.	175,389		5,147,667
NetApp, Inc.	44,297		2,828,363
Seagate Technology Holdings PLC	39,371		2,603,211
Western Digital Corp. (A)	63,132		2,378,182
			514,704,270
			1,817,070,728
Materials – 2.5%
Chemicals – 1.7%
Air Products & Chemicals, Inc.	45,189		12,978,733
Albemarle Corp.	23,612		5,219,196
Celanese Corp.	20,095		2,188,145
CF Industries Holdings, Inc.	40,170		2,911,923
Corteva, Inc.	144,865		8,736,808
Dow, Inc.	142,163		7,793,376
DuPont de Nemours, Inc.	93,053		6,678,414
Eastman Chemical Company	24,757		2,088,005
Ecolab, Inc.	49,983		8,273,686
FMC Corp.	25,392		3,101,125
International Flavors & Fragrances, Inc.	51,396		4,726,376
Linde PLC	99,978		35,536,180
LyondellBasell Industries NV, Class A	51,294		4,815,994
PPG Industries, Inc.	47,374		6,328,219
The Mosaic Company	69,604		3,193,432
The Sherwin-Williams Company	48,156		10,824,024
			125,393,636
Construction materials – 0.1%
Martin Marietta Materials, Inc.	12,574		4,464,524

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction materials (continued)
Vulcan Materials Company	26,792	$	4,596,436
			9,060,960
Containers and packaging – 0.3%
Amcor PLC	302,948		3,447,548
Avery Dennison Corp.	16,381		2,931,052
Ball Corp.	63,362		3,491,880
International Paper Company	72,980		2,631,659
Packaging Corp. of America	18,897		2,623,471
Sealed Air Corp.	29,277		1,344,107
Westrock Company	51,264		1,562,014
			18,031,731
Metals and mining – 0.4%
Freeport-McMoRan, Inc.	291,996		11,945,556
Newmont Corp.	160,001		7,843,249
Nucor Corp.	51,290		7,922,766
Steel Dynamics, Inc.	34,313		3,879,428
			31,590,999
			184,077,326
Real estate – 2.5%
Health care REITs – 0.2%
Healthpeak Properties, Inc.	114,906		2,524,485
Ventas, Inc.	80,579		3,493,100
Welltower, Inc.	95,981		6,880,878
			12,898,463
Hotel and resort REITs – 0.0%
Host Hotels & Resorts, Inc.	144,118		2,376,506
Industrial REITs – 0.3%
Prologis, Inc.	187,300		23,369,421
Office REITs – 0.1%
Alexandria Real Estate Equities, Inc.	32,031		4,022,773
Boston Properties, Inc.	28,753		1,556,112
			5,578,885
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (A)	64,746		4,714,156
Residential REITs – 0.3%
AvalonBay Communities, Inc.	28,189		4,737,443
Camden Property Trust	22,707		2,380,602
Equity Residential	70,442		4,226,520
Essex Property Trust, Inc.	13,129		2,745,799
Invitation Homes, Inc.	116,892		3,650,537
Mid-America Apartment Communities, Inc.	23,272		3,515,003
UDR, Inc.	64,826		2,661,756
			23,917,660
Retail REITs – 0.3%
Federal Realty Investment Trust	14,679		1,450,726
Kimco Realty Corp.	124,682		2,435,039
Realty Income Corp.	127,422		8,068,361
Regency Centers Corp.	31,046		1,899,394
Simon Property Group, Inc.	65,992		7,389,124
			21,242,644
Specialized REITs – 1.2%
American Tower Corp.	94,511		19,312,378
Crown Castle, Inc.	88,293		11,817,135
Digital Realty Trust, Inc.	57,940		5,696,081
Equinix, Inc.	18,767		13,531,758
Extra Space Storage, Inc.	26,996		4,398,458
Iron Mountain, Inc.	58,600		3,100,526
Public Storage	31,849		9,622,857
SBA Communications Corp.	21,747		5,677,489
VICI Properties, Inc.	203,484		6,637,648

 

5

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialized REITs (continued)
Weyerhaeuser Company	149,243	$	4,496,692
			84,291,022
			178,388,757
Utilities – 2.8%
Electric utilities – 1.8%
Alliant Energy Corp.	50,585		2,701,239
American Electric Power Company, Inc.	104,991		9,553,131
Constellation Energy Corp.	65,890		5,172,365
Duke Energy Corp.	156,584		15,105,658
Edison International	76,894		5,427,947
Entergy Corp.	41,008		4,418,202
Evergy, Inc.	46,270		2,828,022
Eversource Energy	71,559		5,600,207
Exelon Corp.	203,087		8,507,314
FirstEnergy Corp.	109,430		4,383,766
NextEra Energy, Inc.	403,318		31,087,751
NRG Energy, Inc.	47,404		1,625,483
PG&E Corp. (A)	324,568		5,248,265
Pinnacle West Capital Corp.	22,789		1,805,800
PPL Corp.	148,410		4,124,314
The Southern Company	220,874		15,368,413
Xcel Energy, Inc.	112,231		7,568,859
			130,526,736
Gas utilities – 0.1%
Atmos Energy Corp.	29,361		3,299,002
Independent power and renewable electricity producers – 0.0%
The AES Corp.	134,651		3,242,396
Multi-utilities – 0.8%
Ameren Corp.	52,086		4,499,710
CenterPoint Energy, Inc.	126,903		3,738,562
CMS Energy Corp.	58,502		3,590,853

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
Consolidated Edison, Inc.	71,481	$	6,838,587
Dominion Energy, Inc.	170,188		9,515,211
DTE Energy Company	39,057		4,278,304
NiSource, Inc.	81,837		2,288,163
Public Service Enterprise Group, Inc.	100,567		6,280,409
Sempra Energy	64,265		9,714,297
WEC Energy Group, Inc.	63,590		6,027,696
			56,771,792
Water utilities – 0.1%
American Water Works Company, Inc.	39,207		5,743,433
			199,583,359
TOTAL COMMON STOCKS (Cost $2,876,964,993)		$	6,967,621,376
SHORT-TERM INVESTMENTS – 3.6%
Short-term funds – 3.6%
John Hancock Collateral Trust, 4.9438% (C)(D)	25,637,166		256,292,184
TOTAL SHORT-TERM INVESTMENTS (Cost $256,243,481)		$	256,292,184
Total Investments (500 Index Trust) (Cost $3,133,208,474) – 99.9%		$	7,223,913,560
Other assets and liabilities, net – 0.1%			9,943,248
TOTAL NET ASSETS – 100.0%		$	7,233,856,808

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $5,718,561.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $5,842,645.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 E-Mini Index Futures	1,283	Long	Jun 2023	$253,819,480	$265,436,663	$11,617,183
						$11,617,183

^ 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 – 39.2%
U.S. Government – 14.5%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	2,000,000	$	1,162,656
1.625%, 11/15/2050		6,500,000		4,168,379
1.875%, 02/15/2041		6,000,000		4,487,344
2.000%, 08/15/2051		3,000,000		2,110,195
2.250%, 05/15/2041 to 02/15/2052		4,461,000		3,472,011
2.500%, 02/15/2045		7,566,000		6,037,136
3.000%, 02/15/2047 to 08/15/2052		18,143,000		15,909,303
3.375%, 08/15/2042 to 11/15/2048		6,220,000		5,834,861

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)
3.625%, 02/15/2053	$	665,000	$	660,220
3.875%, 02/15/2043		1,387,000		1,399,353
4.000%, 11/15/2042 to 11/15/2052		12,427,000		12,948,149
U.S. Treasury Notes
1.125%, 02/15/2031		3,000,000		2,526,211
1.375%, 11/15/2031		4,000,000		3,376,250
1.625%, 05/15/2031		3,000,000		2,607,305
2.375%, 05/15/2027		1,100,000		1,044,785

 

6

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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 Notes (continued)
2.875%, 08/15/2028	$	6,000,000	$	5,778,516
3.500%, 02/15/2033		3,891,000		3,897,080
4.000%, 02/29/2028 to 02/28/2030		3,867,000		3,958,722
				81,378,476
U.S. Government Agency – 24.7%
Federal Home Loan Mortgage Corp.
2.500%, 08/01/2051 to 12/01/2051		1,793,347		1,556,279
3.000%, 03/01/2043 to 12/01/2049		4,706,933		4,318,689
3.500%, 10/01/2046 to 04/01/2052		14,454,417		13,625,539
4.000%, 01/01/2041 to 05/01/2052		1,564,639		1,512,223
4.500%, 09/01/2023 to 09/01/2052		8,548,454		8,479,271
5.000%, 10/01/2052 to 02/01/2053		5,221,789		5,232,278
5.500%, 09/01/2052		1,321,702		1,349,894
Federal National Mortgage Association
2.459%, 04/01/2034 (A)		999,515		835,573
2.500%, 08/01/2051 to 03/01/2052		7,906,993		6,851,551
3.000%, 01/01/2043 to 03/01/2052		29,249,851		26,518,361
3.500%, 06/01/2042 to 05/01/2052		20,787,750		19,555,428
3.879%, (12 month LIBOR + 1.607%), 08/01/2034 (B)		124,062		125,867
4.000%, 10/01/2025 to 07/01/2052		24,411,382		23,572,605
4.372%, (6 month LIBOR + 2.122%), 07/01/2033 (B)		13,224		13,408
4.500%, 11/01/2037 to 10/01/2052		9,135,518		9,046,829
5.000%, TBA (C)		965,000		962,248
5.000%, 12/01/2034 to 01/01/2053		5,722,466		5,785,562
5.500%, TBA (C)		2,071,000		2,092,033
5.500%, 09/01/2034 to 12/01/2052		4,914,531		5,039,597
6.000%, 05/01/2035 to 02/01/2036		851,893		892,115
7.000%, 09/01/2031 to 06/01/2032		71,358		75,935
7.500%, 09/01/2029 to 08/01/2031		9,460		9,972
Government National Mortgage Association
4.000%, 02/15/2041		732,906		718,677
5.000%, 04/15/2035		108,288		109,627
5.500%, 03/15/2035		43,439		44,949
6.000%, 03/15/2033 to 06/15/2033		85,144		88,536
6.500%, 09/15/2028 to 08/15/2031		13,273		13,674
7.000%, 04/15/2029		16,763		17,386
8.000%, 10/15/2026		8,294		8,547
				138,452,653
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $233,915,974)			$	219,831,129
FOREIGN GOVERNMENT OBLIGATIONS – 0.7%
Argentina – 0.1%
Republic of Argentina 3.500%, (3.500% to 7-9-29, then 4.875% thereafter), 07/09/2041		596,000		168,242
Republic of Argentina, GDP-Linked Note 7.647%, 12/15/2035 (D)*	ARS	19,532,033		1,308
				169,550
Germany – 0.2%
Federal Republic of Germany 6.250%, 01/04/2030	EUR	725,000		981,316
Mexico – 0.1%
Government of Mexico 8.000%, 12/07/2023	MXN	11,861,100		642,955
Panama – 0.1%
Republic of Panama
8.875%, 09/30/2027	$	344,000		398,994

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	$	159,097
				558,091
Qatar – 0.1%
State of Qatar
3.375%, 03/14/2024 (E)		323,000		318,174
5.103%, 04/23/2048 (E)		375,000		380,625
				698,799
Saudi Arabia – 0.1%
Kingdom of Saudi Arabia 4.375%, 04/16/2029 (E)		601,000		599,359
United Kingdom – 0.0%
Government of United Kingdom 6.000%, 12/07/2028	GBP	85,000		118,819
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $4,379,654)			$	3,768,889
CORPORATE BONDS – 41.9%
Communication services – 3.6%
AT&T, Inc.
3.500%, 06/01/2041	$	484,000		381,968
3.650%, 06/01/2051		533,000		403,712
4.350%, 06/15/2045		285,000		244,209
7.625%, 04/15/2031		451,000		517,261
C&W Senior Financing DAC 6.875%, 09/15/2027 (E)		251,000		224,538
CCO Holdings LLC 4.500%, 06/01/2033 (E)		210,000		169,061
Charter Communications Operating LLC
2.800%, 04/01/2031		400,000		321,985
3.900%, 06/01/2052		236,000		156,002
4.200%, 03/15/2028		581,000		549,888
4.800%, 03/01/2050		557,000		424,542
5.750%, 04/01/2048		764,000		659,322
6.484%, 10/23/2045		625,000		592,122
Comcast Corp.
3.969%, 11/01/2047		633,000		532,115
3.999%, 11/01/2049		761,000		638,874
Connect Finco SARL 6.750%, 10/01/2026 (E)		315,000		296,100
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		758,000		926,419
Fox Corp. 3.500%, 04/08/2030 (F)		400,000		365,662
GCI LLC 4.750%, 10/15/2028 (E)		249,000		214,820
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030 (E)		400,000		318,500
Level 3 Financing, Inc. 3.400%, 03/01/2027 (E)		258,000		204,063
Lumen Technologies, Inc. 7.600%, 09/15/2039		1,000,000		380,000
Match Group Holdings II LLC
3.625%, 10/01/2031 (E)		81,000		65,916
4.125%, 08/01/2030 (E)		234,000		201,474
Millicom International Cellular SA 6.250%, 03/25/2029 (E)		214,200		197,842
MTN Mauritius Investments, Ltd. 4.755%, 11/11/2024 (E)		140,000		136,735
Netflix, Inc.
4.375%, 11/15/2026		700,000		692,125
4.875%, 04/15/2028		562,000		559,190
4.875%, 06/15/2030 (E)		277,000		275,766

 

7

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Netflix, Inc. (continued)
5.375%, 11/15/2029 (E)	$	120,000	$	121,912
5.875%, 11/15/2028		487,000		511,764
News Corp.
3.875%, 05/15/2029 (E)		209,000		185,749
5.125%, 02/15/2032 (E)		107,000		100,319
Paramount Global 4.375%, 03/15/2043		642,000		456,210
Sirius XM Radio, Inc.
4.000%, 07/15/2028 (E)		213,000		182,954
5.000%, 08/01/2027 (E)		373,000		349,206
Sprint Capital Corp. 6.875%, 11/15/2028		400,000		429,812
Stagwell Global LLC 5.625%, 08/15/2029 (E)		174,000		152,587
Take-Two Interactive Software, Inc. 3.550%, 04/14/2025		134,000		130,520
Telesat Canada 5.625%, 12/06/2026 (E)		112,000		57,789
Time Warner Cable Enterprises LLC 8.375%, 07/15/2033		300,000		341,612
Time Warner Cable LLC 5.500%, 09/01/2041		450,000		388,820
T-Mobile USA, Inc.
2.875%, 02/15/2031		59,000		50,896
3.375%, 04/15/2029		372,000		339,148
3.875%, 04/15/2030		985,000		924,239
4.500%, 04/15/2050		300,000		261,268
Total Play Telecomunicaciones SA de CV
6.375%, 09/20/2028 (E)		278,000		136,303
7.500%, 11/12/2025 (E)		480,000		287,280
Univision Communications, Inc. 4.500%, 05/01/2029 (E)		111,000		93,240
Verizon Communications, Inc.
4.272%, 01/15/2036		1,311,000		1,216,120
4.522%, 09/15/2048		978,000		879,274
4.672%, 03/15/2055		397,000		359,445
5.012%, 08/21/2054		335,000		320,237
Vodafone Group PLC
5.625%, 02/10/2053		173,000		170,845
7.000%, (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%), 04/04/2079		277,000		275,745
WarnerMedia Holdings, Inc.
5.050%, 03/15/2042 (E)		143,000		119,610
5.141%, 03/15/2052 (E)		359,000		290,874
WMG Acquisition Corp. 3.875%, 07/15/2030 (E)		287,000		251,995
				20,035,984
Consumer discretionary – 4.1%
Affinity Interactive 6.875%, 12/15/2027 (E)		159,000		141,831
Asbury Automotive Group, Inc.
4.625%, 11/15/2029 (E)		50,000		44,750
4.750%, 03/01/2030		175,000		156,625
AutoNation, Inc. 4.750%, 06/01/2030		793,000		745,404
AutoZone, Inc. 3.125%, 04/21/2026		535,000		511,656
Booking Holdings, Inc. 4.625%, 04/13/2030		406,000		405,742
Brinker International, Inc. 3.875%, 05/15/2023		740,000		738,539

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Brookfield Residential Properties, Inc. 5.000%, 06/15/2029 (E)	$	154,000	$	117,810
Caesars Entertainment, Inc. 7.000%, 02/15/2030 (E)		92,000		93,610
CCM Merger, Inc. 6.375%, 05/01/2026 (E)		139,000		135,714
Century Communities, Inc. 3.875%, 08/15/2029 (E)		189,000		162,068
Choice Hotels International, Inc. 3.700%, 12/01/2029 to 01/15/2031		405,000		361,794
Dealer Tire LLC 8.000%, 02/01/2028 (E)		122,000		109,495
eBay, Inc. 2.700%, 03/11/2030		439,000		384,708
Expedia Group, Inc.
2.950%, 03/15/2031		190,000		158,544
4.625%, 08/01/2027		409,000		400,845
5.000%, 02/15/2026		1,092,000		1,087,019
Ford Motor Company 3.250%, 02/12/2032		177,000		139,114
Ford Motor Credit Company LLC
4.000%, 11/13/2030		225,000		191,189
4.125%, 08/17/2027		346,000		317,019
4.134%, 08/04/2025		917,000		872,311
5.113%, 05/03/2029		532,000		499,442
Full House Resorts, Inc. 8.250%, 02/15/2028 (E)		134,000		121,940
GEMS MENASA Cayman, Ltd. 7.125%, 07/31/2026 (E)		86,000		83,613
General Motors Company 5.400%, 10/15/2029 to 04/01/2048		531,000		506,022
General Motors Financial Company, Inc.
2.400%, 10/15/2028		805,000		688,609
3.600%, 06/21/2030		925,000		810,438
Group 1 Automotive, Inc. 4.000%, 08/15/2028 (E)		140,000		123,242
Hilton Grand Vacations Borrower Escrow LLC
4.875%, 07/01/2031 (E)		187,000		159,700
5.000%, 06/01/2029 (E)		238,000		211,388
Hyatt Hotels Corp. 6.000%, 04/23/2030		176,000		178,749
Hyundai Capital America
1.800%, 10/15/2025 (E)		201,000		184,385
2.375%, 10/15/2027 (E)		201,000		177,698
Jacobs Entertainment, Inc. 6.750%, 02/15/2029 (E)		104,000		90,862
KB Home
4.000%, 06/15/2031		215,000		186,244
7.250%, 07/15/2030		56,000		56,797
Lithia Motors, Inc.
3.875%, 06/01/2029 (E)		101,000		87,365
4.375%, 01/15/2031 (E)		101,000		86,986
4.625%, 12/15/2027 (E)		50,000		46,512
Macy's Retail Holdings LLC
5.875%, 04/01/2029 to 03/15/2030 (E)		152,000		138,874
6.125%, 03/15/2032 (E)		127,000		111,797
Marriott International, Inc.
2.850%, 04/15/2031		500,000		425,902
3.125%, 06/15/2026		1,000,000		944,624
4.625%, 06/15/2030		308,000		299,026
McDonald's Corp.
3.600%, 07/01/2030		500,000		474,220
4.200%, 04/01/2050		500,000		440,956

 

8

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
MDC Holdings, Inc. 2.500%, 01/15/2031	$	155,000	$	120,539
MGM Resorts International 4.750%, 10/15/2028		400,000		372,381
Midwest Gaming Borrower LLC 4.875%, 05/01/2029 (E)		243,000		211,248
Mohegan Tribal Gaming Authority 8.000%, 02/01/2026 (E)		209,000		191,235
NCL Corp., Ltd. 3.625%, 12/15/2024 (E)		700,000		651,000
New Red Finance, Inc. 4.000%, 10/15/2030 (E)		553,000		474,198
NIKE, Inc.
2.750%, 03/27/2027		500,000		474,250
2.850%, 03/27/2030		500,000		459,555
Nissan Motor Acceptance Company LLC
1.125%, 09/16/2024 (E)		205,000		191,624
1.850%, 09/16/2026 (E)		178,000		154,055
2.000%, 03/09/2026 (E)		176,000		155,978
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (E)		300,000		231,605
Service Corp. International 4.000%, 05/15/2031		259,000		227,454
The Home Depot, Inc.
2.500%, 04/15/2027		500,000		469,356
2.700%, 04/15/2030		500,000		451,404
The Michaels Companies, Inc.
5.250%, 05/01/2028 (E)		304,000		253,367
7.875%, 05/01/2029 (E)		281,000		196,700
The TJX Companies, Inc.
3.875%, 04/15/2030		400,000		387,170
4.500%, 04/15/2050		400,000		377,739
Toll Brothers Finance Corp. 4.875%, 03/15/2027		500,000		484,939
Travel + Leisure Company
4.625%, 03/01/2030 (E)		101,000		86,436
6.000%, 04/01/2027		700,000		694,435
6.600%, 10/01/2025		147,000		147,732
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028 (E)		133,000		122,524
Yum! Brands, Inc.
3.625%, 03/15/2031		186,000		163,308
4.750%, 01/15/2030 (E)		131,000		125,156
5.350%, 11/01/2043		600,000		506,862
6.875%, 11/15/2037		292,000		308,500
				23,101,928
Consumer staples – 1.8%
Anheuser-Busch Companies LLC 4.900%, 02/01/2046		151,000		147,574
Anheuser-Busch InBev Worldwide, Inc.
4.439%, 10/06/2048		730,000		666,066
4.600%, 04/15/2048		269,000		253,808
Bunge, Ltd. Finance Corp. 3.250%, 08/15/2026		500,000		474,009
Coruripe Netherlands BV 10.000%, 02/10/2027 (E)		260,000		182,000
Dollar Tree, Inc. 4.200%, 05/15/2028		420,000		409,025
Edgewell Personal Care Company
4.125%, 04/01/2029 (E)		104,000		91,087
5.500%, 06/01/2028 (E)		183,000		175,316
Fomento Economico Mexicano SAB de CV 4.375%, 05/10/2043		1,000,000		888,336

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
General Mills, Inc. 2.875%, 04/15/2030	$	400,000	$	358,165
JBS USA LUX SA
3.625%, 01/15/2032 (E)		271,000		224,651
3.750%, 12/01/2031 (E)		86,000		71,020
5.125%, 02/01/2028 (E)		155,000		149,688
5.750%, 04/01/2033 (E)		424,000		404,920
Keurig Dr. Pepper, Inc. 3.200%, 05/01/2030		560,000		511,019
Kraft Heinz Foods Company
4.375%, 06/01/2046		638,000		555,824
4.875%, 10/01/2049		164,000		152,381
5.000%, 06/04/2042		175,000		167,819
MARB BondCo PLC 3.950%, 01/29/2031 (E)		308,000		234,191
NBM US Holdings, Inc. 6.625%, 08/06/2029 (E)		274,000		253,664
Oriflame Investment Holding PLC 5.125%, 05/04/2026 (E)		270,000		160,110
PepsiCo, Inc. 2.750%, 03/19/2030		500,000		457,279
Reynolds American, Inc. 4.850%, 09/15/2023		1,000,000		997,457
Sysco Corp.
5.950%, 04/01/2030		355,000		376,435
6.600%, 04/01/2050		1,000,000		1,140,775
Target Corp. 2.250%, 04/15/2025		500,000		480,377
The Estee Lauder Companies, Inc. 2.600%, 04/15/2030		400,000		358,317
				10,341,313
Energy – 4.6%
Aker BP ASA
3.000%, 01/15/2025 (E)		222,000		213,838
3.100%, 07/15/2031 (E)		278,000		235,129
3.750%, 01/15/2030 (E)		231,000		208,406
4.000%, 01/15/2031 (E)		523,000		474,906
Altera Infrastructure LP 8.500%, 07/15/2023 (E)(G)		227,000		5,675
Anadarko Petroleum Corp.
4.500%, 07/15/2044 (F)		400,000		272,924
5.550%, 03/15/2026		800,000		778,000
Antero Midstream Partners LP 5.375%, 06/15/2029 (E)		233,000		219,286
Antero Resources Corp. 5.375%, 03/01/2030 (E)		90,000		83,723
Apache Corp. 5.100%, 09/01/2040		325,000		275,438
Ascent Resources Utica Holdings LLC 5.875%, 06/30/2029 (E)		296,000		261,220
Buckeye Partners LP 3.950%, 12/01/2026		500,000		452,405
Cameron International Corp. 5.950%, 06/01/2041		1,178,000		1,110,290
Cheniere Energy Partners LP
4.000%, 03/01/2031		436,000		388,014
4.500%, 10/01/2029		461,000		428,274
CNOOC Finance 2003, Ltd. 5.500%, 05/21/2033 (E)		545,000		564,532
CNX Resources Corp. 7.375%, 01/15/2031 (E)		55,000		54,175
ConocoPhillips Company 5.950%, 03/15/2046		30,000		33,051
Continental Resources, Inc. 4.900%, 06/01/2044		595,000		460,675

 

9

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
CSI Compressco LP
7.500%, 04/01/2025 (E)	$	386,000	$	367,665
10.000%, (10.000% Cash or 7.250% Cash and 3.500% PIK), 04/01/2026 (E)		239,806		208,631
DCP Midstream Operating LP 5.850%, (5.850% to 5-21-23, then 3 month LIBOR + 3.850%), 05/21/2043 (E)		201,000		196,333
Devon Energy Corp.
5.000%, 06/15/2045		600,000		533,133
7.875%, 09/30/2031		874,000		998,545
Diamondback Energy, Inc. 3.125%, 03/24/2031		257,000		222,855
Enbridge Energy Partners LP 7.500%, 04/15/2038		600,000		697,586
Enbridge, Inc.
5.500%, (5.500% to 7-15-27, then 3 month LIBOR + 3.418%), 07/15/2077		347,000		305,695
5.750%, (5.750% to 4-15-30, then 5 Year CMT + 5.314%), 07/15/2080		403,000		358,546
6.250%, (6.250% to 3-1-28, then 3 month LIBOR + 3.641%), 03/01/2078		279,000		253,722
Energean Israel Finance, Ltd.
5.375%, 03/30/2028 (E)		99,000		88,718
5.875%, 03/30/2031 (E)		172,000		150,470
Energy Transfer LP
4.200%, 04/15/2027		228,000		218,454
5.150%, 03/15/2045		340,000		295,994
5.250%, 04/15/2029		818,000		814,844
5.400%, 10/01/2047		371,000		329,791
5.500%, 06/01/2027		347,000		350,722
5.950%, 10/01/2043		300,000		287,058
6.500%, (6.500% to 11-15-26, then 5 Year CMT + 5.694%), 11/15/2026 (H)		583,000		513,040
Enterprise Products Operating LLC
5.250%, (5.250% to 8-16-27, then 3 month LIBOR + 3.033%), 08/16/2077		578,000		488,769
6.875%, 03/01/2033		471,000		537,523
EQM Midstream Partners LP 7.500%, 06/01/2027 to 06/01/2030 (E)		61,000		60,468
EQT Corp. 5.678%, 10/01/2025		73,000		72,781
Hess Corp.
5.600%, 02/15/2041		400,000		385,578
5.800%, 04/01/2047		500,000		489,778
Hess Midstream Operations LP
4.250%, 02/15/2030 (E)		78,000		69,662
5.500%, 10/15/2030 (E)		31,000		28,826
Kinder Morgan Energy Partners LP 7.750%, 03/15/2032		195,000		221,913
Leviathan Bond, Ltd.
6.500%, 06/30/2027 (E)		426,000		408,625
6.750%, 06/30/2030 (E)		85,000		79,402
Marathon Oil Corp. 6.800%, 03/15/2032		785,000		827,259
MC Brazil Downstream Trading SARL 7.250%, 06/30/2031 (E)		266,313		209,322
Midwest Connector Capital Company LLC 3.900%, 04/01/2024 (E)		323,000		317,335

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
MPLX LP
4.000%, 03/15/2028	$	265,000	$	253,549
4.125%, 03/01/2027		103,000		99,843
4.250%, 12/01/2027		225,000		217,871
4.950%, 09/01/2032		179,000		175,056
5.000%, 03/01/2033		185,000		181,036
Occidental Petroleum Corp.
6.450%, 09/15/2036		184,000		193,463
6.600%, 03/15/2046		151,000		158,759
ONEOK Partners LP 6.650%, 10/01/2036		835,000		867,208
ONEOK, Inc. 6.100%, 11/15/2032		500,000		517,623
Ovintiv, Inc. 7.200%, 11/01/2031		55,000		58,507
Parkland Corp.
4.500%, 10/01/2029 (E)		176,000		156,383
4.625%, 05/01/2030 (E)		172,000		152,908
Petroleos Mexicanos 8.750%, 06/02/2029		150,000		139,531
Plains All American Pipeline LP 4.900%, 02/15/2045		750,000		600,970
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		195,000		187,337
4.500%, 05/15/2030		415,000		400,319
5.000%, 03/15/2027		186,000		185,332
5.875%, 06/30/2026		234,000		238,799
Sinopec Group Overseas Development 2015, Ltd. 3.250%, 04/28/2025 (E)		550,000		533,242
Southwestern Energy Company 4.750%, 02/01/2032		129,000		113,906
Sunoco LP 4.500%, 05/15/2029 to 04/30/2030		348,000		316,012
Targa Resources Corp. 4.950%, 04/15/2052		408,000		338,497
Targa Resources Partners LP 4.000%, 01/15/2032		336,000		292,837
The Williams Companies, Inc.
3.750%, 06/15/2027		306,000		293,602
4.650%, 08/15/2032		251,000		241,928
Valero Energy Corp. 2.850%, 04/15/2025		400,000		382,559
Var Energi ASA 8.000%, 11/15/2032 (E)		256,000		272,458
Venture Global Calcasieu Pass LLC
3.875%, 08/15/2029 (E)		95,000		85,690
4.125%, 08/15/2031 (E)		158,000		138,816
Western Midstream Operating LP
4.300%, 02/01/2030		285,000		259,917
6.150%, 04/01/2033		71,000		71,963
				26,034,925
Financials – 10.7%
Ally Financial, Inc. 7.100%, 11/15/2027		202,000		205,179
Ambac Assurance Corp. 5.100%, 04/27/2023 (E)(H)		131		193
American International Group, Inc.
3.900%, 04/01/2026		415,000		403,688
6.250%, (6.250% to 3-15-37, then 3 month LIBOR + 2.056%), 03/15/2037		100,000		85,000
Ameriprise Financial, Inc. 2.875%, 09/15/2026		500,000		466,700

 

10

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Ares Capital Corp.
2.150%, 07/15/2026	$	377,000	$	323,245
2.875%, 06/15/2028		309,000		254,094
3.250%, 07/15/2025		169,000		154,377
3.875%, 01/15/2026		787,000		725,478
4.200%, 06/10/2024		102,000		98,570
Athene Holding, Ltd. 3.500%, 01/15/2031		206,000		171,211
Banco Santander SA 4.379%, 04/12/2028		348,000		328,666
Bank of America Corp.
2.087%, (2.087% to 6-14-28, then SOFR + 1.060%), 06/14/2029		472,000		406,492
2.592%, (2.592% to 4-29-30, then SOFR + 2.150%), 04/29/2031		558,000		472,549
2.687%, (2.687% to 4-22-31, then SOFR + 1.320%), 04/22/2032		881,000		735,216
2.884%, (2.884% to 10-22-29, then 3 month LIBOR + 1.190%), 10/22/2030		500,000		434,916
3.248%, 10/21/2027		375,000		353,368
3.419%, (3.419% to 12-20-27, then 3 month LIBOR + 1.040%), 12/20/2028		1,087,000		1,009,946
3.846%, (3.846% to 3-8-32, then 5 Year CMT + 2.000%), 03/08/2037		414,000		352,930
4.083%, (4.083% to 3-20-50, then 3 month LIBOR + 3.150%), 03/20/2051		500,000		409,984
6.300%, (6.300% to 3-10-26, then 3 month LIBOR + 4.553%), 03/10/2026 (H)		667,000		666,166
Barclays PLC 4.375%, (4.375% to 3-15-28, then 5 Year CMT + 3.410%), 03/15/2028 (H)		391,000		267,293
BlackRock, Inc. 1.900%, 01/28/2031		500,000		415,162
Blackstone Holdings Finance Company LLC 6.200%, 04/22/2033 (E)		300,000		314,274
Blackstone Private Credit Fund
2.350%, 11/22/2024		351,000		326,295
2.700%, 01/15/2025		277,000		255,051
3.250%, 03/15/2027		79,000		67,075
4.000%, 01/15/2029		389,000		324,199
7.050%, 09/29/2025 (E)		300,000		295,817
Block, Inc. 3.500%, 06/01/2031		126,000		103,478
BPCE SA 4.500%, 03/15/2025 (E)		356,000		343,079
Capital One Financial Corp.
3.500%, 06/15/2023		1,023,000		1,017,867
3.750%, 07/28/2026		500,000		454,609
Citigroup, Inc.
3.500%, 05/15/2023		1,060,000		1,056,508
4.412%, (4.412% to 3-31-30, then SOFR + 3.914%), 03/31/2031		1,000,000		949,671
4.600%, 03/09/2026		595,000		582,608
4.700%, (4.700% to 1-30-25, then SOFR + 3.234%), 01/30/2025 (H)		427,000		373,625
6.250%, (6.250% to 8-15-26, then 3 month CME Term SOFR + 4.779%), 08/15/2026 (H)		415,000		397,363
Citizens Financial Group, Inc. 3.250%, 04/30/2030		573,000		474,773

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
CNA Financial Corp. 2.050%, 08/15/2030	$	105,000	$	85,676
CNO Financial Group, Inc. 5.250%, 05/30/2025 to 05/30/2029		635,000		618,172
Credit Agricole SA
2.811%, 01/11/2041 (E)		279,000		186,217
3.250%, 01/14/2030 (E)		589,000		494,146
4.375%, 03/17/2025 (E)		600,000		578,519
7.875%, (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%), 01/23/2024 (E)(H)		215,000		210,059
Danske Bank A/S 6.466%, (6.466% to 1-9-25, then 1 Year CMT + 2.100%), 01/09/2026 (E)		318,000		318,294
Deutsche Bank AG
2.311%, (2.311% to 11-16-26, then SOFR + 1.219%), 11/16/2027		327,000		277,111
3.742%, (3.742% to 10-7-31, then SOFR + 2.257%), 01/07/2033		430,000		311,109
Discover Financial Services 4.100%, 02/09/2027		167,000		157,953
Enova International, Inc. 8.500%, 09/01/2024 to 09/15/2025 (E)		313,000		299,391
Fairfax Financial Holdings, Ltd. 5.625%, 08/16/2032 (E)		800,000		786,279
Fifth Third Bancorp 5.100%, (5.100% to 6-30-23, then 3 month LIBOR + 3.033%), 06/30/2023 (H)		287,000		248,546
Fiserv, Inc.
2.250%, 06/01/2027		400,000		362,017
3.850%, 06/01/2025		614,000		601,299
Freedom Mortgage Corp. 8.125%, 11/15/2024 (E)		167,000		160,738
Global Atlantic Fin Company 3.125%, 06/15/2031 (E)		1,000,000		787,724
ING Groep NV 6.500%, (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%), 04/16/2025 (H)		135,000		121,650
Intesa Sanpaolo SpA 4.198%, (4.198% to 6-1-31, then 1 Year CMT + 2.600%), 06/01/2032 (E)		201,000		146,211
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then SOFR + 2.040%), 04/22/2031		481,000		411,191
2.956%, (2.956% to 5-13-30, then SOFR + 2.515%), 05/13/2031		459,000		396,765
3.375%, 05/01/2023		1,250,000		1,247,499
4.125%, 12/15/2026		600,000		585,799
4.600%, (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%), 02/01/2025 (H)		373,000		346,890
5.717%, (5.717% to 9-14-32, then SOFR + 2.580%), 09/14/2033		1,000,000		1,024,359
6.750%, (6.750% to 2-1-24, then 3 month LIBOR + 3.780%), 02/01/2024 (H)		475,000		476,653
KKR Group Finance Company XII LLC 4.850%, 05/17/2032 (E)		500,000		481,504
Lazard Group LLC 4.375%, 03/11/2029		323,000		307,838
Legg Mason, Inc.
3.950%, 07/15/2024		660,000		648,938
4.750%, 03/15/2026		825,000		817,523

 

11

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Liberty Mutual Group, Inc.
3.950%, 05/15/2060 (E)	$	500,000	$	348,374
4.125%, (4.125% to 9-15-26, then 5 Year CMT + 3.315%), 12/15/2051 (E)		263,000		210,905
4.250%, 06/15/2023 (E)		1,000,000		994,444
Lloyds Banking Group PLC 7.500%, (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%), 06/27/2024 (H)		345,000		326,097
Loews Corp.
2.625%, 05/15/2023		630,000		625,747
3.750%, 04/01/2026		825,000		803,910
M&T Bank Corp. 5.125%, (5.125% to 11-1-26, then 3 month LIBOR + 3.520%), 11/01/2026 (H)		186,000		139,426
Macquarie Bank, Ltd.
3.624%, 06/03/2030 (E)		204,000		176,033
4.875%, 06/10/2025 (E)		262,000		257,842
Markel Corp. 5.000%, 03/30/2043		1,270,000		1,134,336
MetLife, Inc.
3.000%, 03/01/2025		300,000		290,186
6.400%, (6.400% to 12-15-36, then 3 month LIBOR + 2.205%), 12/15/2036		347,000		335,771
Morgan Stanley
2.239%, (2.239% to 7-21-31, then SOFR + 1.178%), 07/21/2032		203,000		162,879
2.484%, (2.484% to 9-16-31, then SOFR + 1.360%), 09/16/2036		1,511,000		1,147,905
3.622%, (3.622% to 4-1-30, then SOFR + 3.120%), 04/01/2031		1,000,000		914,468
3.875%, 01/27/2026		264,000		257,626
4.100%, 05/22/2023		900,000		898,096
5.948%, (5.948% to 1-19-33, then 5 Year CMT + 2.430%), 01/19/2038		1,000,000		994,417
MSCI, Inc.
3.250%, 08/15/2033 (E)		188,000		153,962
3.625%, 11/01/2031 (E)		206,000		176,388
Nationstar Mortgage Holdings, Inc.
5.125%, 12/15/2030 (E)		85,000		65,316
5.500%, 08/15/2028 (E)		191,000		163,783
6.000%, 01/15/2027 (E)		99,000		89,843
Nationwide Mutual Insurance Company 7.156%, (3 month LIBOR + 2.290%), 12/15/2024 (B)(E)		1,130,000		1,125,386
NatWest Group PLC
3.875%, 09/12/2023		500,000		494,145
6.000%, (6.000% to 12-29-25, then 5 Year CMT + 5.625%), 12/29/2025 (H)		431,000		393,115
NatWest Markets PLC 1.600%, 09/29/2026 (E)		494,000		431,159
Nippon Life Insurance Company 2.750%, (2.750% to 1-21-31, then 5 Year CMT + 2.653%), 01/21/2051 (E)		397,000		314,882
OneMain Finance Corp. 6.875%, 03/15/2025		91,000		88,179
PayPal Holdings, Inc.
2.300%, 06/01/2030		400,000		342,509
2.850%, 10/01/2029		1,180,000		1,063,160
Popular, Inc. 7.250%, 03/13/2028		260,000		257,132

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Prudential Financial, Inc. 5.125%, (5.125% to 11-28-31, then 5 Year CMT + 3.162%), 03/01/2052	$	203,000	$	178,861
Radian Group, Inc. 4.500%, 10/01/2024		160,000		154,400
Raymond James Financial, Inc. 4.950%, 07/15/2046		500,000		453,917
Santander Holdings USA, Inc.
2.490%, (2.490% to 1-6-27, then SOFR + 1.249%), 01/06/2028		340,000		293,959
3.244%, 10/05/2026		791,000		716,504
3.450%, 06/02/2025		638,000		597,253
4.400%, 07/13/2027		203,000		190,051
SBL Holdings, Inc. 5.000%, 02/18/2031 (E)		360,000		298,289
Societe Generale SA
5.375%, (5.375% to 11-18-30, then 5 Year CMT + 4.514%), 11/18/2030 (E)(H)		355,000		255,577
6.446%, (6.446% to 1-10-28, then 1 Year CMT + 2.550%), 01/10/2029 (E)		569,000		570,771
State Street Corp. 2.901%, (2.901% to 3-30-25, then SOFR + 2.600%), 03/30/2026		1,000,000		955,326
Stifel Financial Corp. 4.250%, 07/18/2024		1,300,000		1,280,684
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (E)		425,000		358,329
The Goldman Sachs Group, Inc.
2.615%, (2.615% to 4-22-31, then SOFR + 1.281%), 04/22/2032		1,054,000		877,971
2.650%, (2.650% to 10-21-31, then SOFR + 1.264%), 10/21/2032		407,000		336,285
3.500%, 04/01/2025		500,000		485,502
6.750%, 10/01/2037		800,000		865,039
The Hartford Financial Services Group, Inc. 6.625%, 03/30/2040		500,000		540,616
The PNC Financial Services Group, Inc.
3.400%, (3.400% to 9-15-26, then 5 Year CMT + 2.595%), 09/15/2026 (H)		497,000		394,131
4.758%, (4.758% to 1-26-26, then SOFR + 1.085%), 01/26/2027		500,000		493,818
4.850%, (4.850% to 6-1-23, then 3 month LIBOR + 3.040%), 06/01/2023 (H)		243,000		231,465
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%) , 03/15/2030 (H)		262,000		243,660
8.492%, (3 month LIBOR + 3.678%), 05/01/2023 (B)(H)		373,000		368,015
Visa, Inc. 2.050%, 04/15/2030		400,000		348,697
Voya Financial, Inc. 4.800%, 06/15/2046		700,000		591,807
Wells Fargo & Company
2.393%, (2.393% to 6-2-27, then SOFR + 2.100%), 06/02/2028		870,000		783,399
2.879%, (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%), 10/30/2030		664,000		577,028

 

12

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Wells Fargo & Company (continued)
3.350%, (3.350% to 3-2-32, then SOFR + 1.500%), 03/02/2033	$	829,000	$	718,536
5.875%, (5.875% to 6-15-25, then 3 month LIBOR + 3.990%), 06/15/2025 (H)		878,000		862,635
				59,772,731
Health care – 2.4%
Abbott Laboratories 3.750%, 11/30/2026		680,000		675,100
AbbVie, Inc. 3.200%, 11/21/2029		1,706,000		1,583,201
AdaptHealth LLC 5.125%, 03/01/2030 (E)		168,000		142,519
AmerisourceBergen Corp. 2.800%, 05/15/2030		309,000		271,150
Amgen, Inc. 5.250%, 03/02/2030		109,000		111,483
Baxter International, Inc. 3.500%, 08/15/2046		500,000		348,371
Biogen, Inc.
2.250%, 05/01/2030		400,000		336,776
3.150%, 05/01/2050		500,000		347,972
Centene Corp.
2.450%, 07/15/2028		88,000		76,560
3.000%, 10/15/2030		286,000		240,835
3.375%, 02/15/2030		183,000		159,657
CVS Health Corp.
3.750%, 04/01/2030		115,000		107,582
3.875%, 07/20/2025		81,000		79,548
5.050%, 03/25/2048		328,000		306,846
CVS Pass-Through Trust 8.353%, 07/10/2031 (E)		780,540		856,598
DaVita, Inc.
3.750%, 02/15/2031 (E)		378,000		298,148
4.625%, 06/01/2030 (E)		367,000		313,268
Elevance Health, Inc. 6.100%, 10/15/2052		167,000		186,318
Encompass Health Corp.
4.500%, 02/01/2028		100,000		93,209
4.625%, 04/01/2031		93,000		81,240
Fresenius Medical Care US Finance III, Inc. 2.375%, 02/16/2031 (E)		520,000		391,027
HCA, Inc.
5.250%, 04/15/2025 to 06/15/2026		491,000		491,019
5.375%, 02/01/2025		800,000		800,335
Humana, Inc. 3.125%, 08/15/2029		500,000		452,711
Organon & Company 5.125%, 04/30/2031 (E)		314,000		278,720
Pfizer, Inc. 2.625%, 04/01/2030		500,000		451,369
Royalty Pharma PLC 1.750%, 09/02/2027		186,000		161,188
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/2026		500,000		475,690
Stanford Health Care 3.310%, 08/15/2030		225,000		204,438
Teva Pharmaceutical Finance Company LLC 6.150%, 02/01/2036		49,000		44,493
UnitedHealth Group, Inc. 5.800%, 03/15/2036		540,000		589,357

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Universal Health Services, Inc.
1.650%, 09/01/2026	$	335,000	$	294,742
2.650%, 10/15/2030		358,000		287,040
Utah Acquisition Sub, Inc.
3.950%, 06/15/2026		800,000		761,949
5.250%, 06/15/2046		250,000		198,296
Varex Imaging Corp. 7.875%, 10/15/2027 (E)		149,000		145,940
Viatris, Inc.
2.300%, 06/22/2027		120,000		105,164
2.700%, 06/22/2030		270,000		219,448
4.000%, 06/22/2050		308,000		202,518
Zimmer Biomet Holdings, Inc. 3.050%, 01/15/2026		500,000		475,699
				13,647,524
Industrials – 5.5%
3M Company 3.050%, 04/15/2030 (F)		500,000		457,231
AerCap Ireland Capital DAC
1.750%, 01/30/2026		350,000		313,395
2.450%, 10/29/2026		1,130,000		1,014,415
3.000%, 10/29/2028		359,000		313,415
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 05/15/2025 (E)		159,810		150,223
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 01/15/2026 (E)		145,476		135,408
Air Canada 2020-1 Class C Pass Through Trust 10.500%, 07/15/2026 (E)		76,000		80,832
Air Lease Corp.
2.100%, 09/01/2028		208,000		173,302
2.875%, 01/15/2026		225,000		209,741
3.000%, 09/15/2023		400,000		394,743
3.125%, 12/01/2030		400,000		339,355
3.625%, 12/01/2027		225,000		207,681
Alaska Airlines 2020-1 Class B Pass Through Trust 8.000%, 08/15/2025 (E)		136,742		138,789
American Airlines 2015-1 Class A Pass Through Trust 3.375%, 05/01/2027		755,339		648,715
American Airlines 2015-1 Class B Pass Through Trust 3.700%, 05/01/2023		169,665		167,758
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028		290,746		258,118
American Airlines 2016-3 Class A Pass Through Trust 3.250%, 10/15/2028		41,842		36,188
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		139,160		118,991
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		177,500		161,178
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		151,290		127,968
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032		294,724		241,885

 

13

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032	$	301,423	$	261,219
American Airlines 2019-1 Class B Pass Through Trust 3.850%, 02/15/2028		105,758		94,703
American Airlines 2021-1 Class A Pass Through Trust 2.875%, 07/11/2034		194,638		159,613
American Airlines 2021-1 Class B Pass Through Trust 3.950%, 07/11/2030		191,000		166,170
American Airlines Group, Inc. 3.750%, 03/01/2025 (E)(F)		500,000		458,775
APX Group, Inc. 5.750%, 07/15/2029 (E)		266,000		238,070
Ashtead Capital, Inc. 2.450%, 08/12/2031 (E)		690,000		543,564
Beacon Roofing Supply, Inc. 4.125%, 05/15/2029 (E)		188,000		165,886
BlueLinx Holdings, Inc. 6.000%, 11/15/2029 (E)		275,000		227,018
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (E)		118,330		116,272
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (E)		59,859		52,126
British Airways 2020-1 Class A Pass Through Trust 4.250%, 11/15/2032 (E)		120,902		111,753
British Airways 2020-1 Class B Pass Through Trust 8.375%, 11/15/2028 (E)		85,164		84,323
Builders FirstSource, Inc.
4.250%, 02/01/2032 (E)		286,000		249,217
5.000%, 03/01/2030 (E)		46,000		42,596
6.375%, 06/15/2032 (E)		165,000		165,589
Carrier Global Corp. 2.700%, 02/15/2031		500,000		430,060
CNH Industrial Capital LLC 1.950%, 07/02/2023		570,000		564,479
CoStar Group, Inc. 2.800%, 07/15/2030 (E)		386,000		323,427
CSX Corp. 3.800%, 04/15/2050		1,000,000		810,015
DAE Funding LLC 2.625%, 03/20/2025 (E)		330,000		309,909
Delta Air Lines, Inc.
2.900%, 10/28/2024		525,000		502,286
3.800%, 04/19/2023		65,000		64,838
4.375%, 04/19/2028		298,000		276,872
4.500%, 10/20/2025 (E)		94,416		92,829
4.750%, 10/20/2028 (E)		349,051		336,664
Equifax, Inc. 3.100%, 05/15/2030		800,000		695,538
Flowserve Corp. 3.500%, 10/01/2030		176,000		152,204
Fortive Corp. 3.150%, 06/15/2026		700,000		666,944
GATX Corp. 3.850%, 03/30/2027		800,000		762,539
Global Infrastructure Solutions, Inc. 5.625%, 06/01/2029 (E)		247,000		203,775

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Graphic Packaging International LLC 3.500%, 03/01/2029 (E)	$	267,000	$	230,664
Hillenbrand, Inc. 3.750%, 03/01/2031		103,000		86,005
Huntington Ingalls Industries, Inc.
3.844%, 05/01/2025		450,000		439,713
4.200%, 05/01/2030		1,232,000		1,153,064
IDEX Corp. 3.000%, 05/01/2030		1,000,000		881,031
JB Hunt Transport Services, Inc. 3.850%, 03/15/2024		700,000		684,021
JB Poindexter & Company, Inc. 7.125%, 04/15/2026 (E)		132,000		123,750
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032		269,288		227,459
Kansas City Southern 2.875%, 11/15/2029		500,000		448,229
Lennox International, Inc. 3.000%, 11/15/2023		800,000		788,356
Masco Corp. 2.000%, 10/01/2030		412,000		329,108
MasTec, Inc. 4.500%, 08/15/2028 (E)		191,000		176,541
Owens Corning
3.875%, 06/01/2030		45,000		41,654
3.950%, 08/15/2029		339,000		319,355
Penske Truck Leasing Company LP 5.875%, 11/15/2027 (E)		400,000		408,466
Prime Security Services Borrower LLC
3.375%, 08/31/2027 (E)		62,000		55,568
6.250%, 01/15/2028 (E)		218,000		203,830
Regal Rexnord Corp.
6.050%, 02/15/2026 (E)		218,000		218,956
6.400%, 04/15/2033 (E)		187,000		187,116
Southwest Airlines Company 5.250%, 05/04/2025		800,000		799,351
The Boeing Company
3.200%, 03/01/2029		199,000		181,792
5.040%, 05/01/2027		583,000		587,228
5.150%, 05/01/2030		790,000		794,939
5.805%, 05/01/2050		400,000		402,667
TransDigm, Inc. 5.500%, 11/15/2027		190,000		179,153
TriNet Group, Inc. 3.500%, 03/01/2029 (E)		104,000		88,921
TTX Company 4.200%, 07/01/2046 (E)		700,000		610,247
Tutor Perini Corp. 6.875%, 05/01/2025 (E)		162,000		114,210
Uber Technologies, Inc.
4.500%, 08/15/2029 (E)		385,000		350,831
7.500%, 05/15/2025 to 09/15/2027 (E)		590,000		604,021
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 09/03/2026		406,994		380,182
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028		353,475		304,915
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		268,155		249,808
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		131,059		123,204

 

14

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031	$	265,868	$	239,281
United Airlines 2020-1 Class A Pass Through Trust 5.875%, 10/15/2027		567,409		561,735
United Airlines 2020-1 Class B Pass Through Trust 4.875%, 01/15/2026		156,276		148,462
United Airlines, Inc.
4.375%, 04/15/2026 (E)		31,000		29,658
4.625%, 04/15/2029 (E)		70,000		63,315
United Rentals North America, Inc.
3.875%, 11/15/2027		227,000		212,869
4.875%, 01/15/2028		360,000		344,250
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		59,241		58,679
US Airways 2011-1 Class A Pass Through Trust 7.125%, 10/22/2023		159,336		157,035
US Airways 2012-2 Class A Pass Through Trust 4.625%, 06/03/2025		153,282		143,486
Verisk Analytics, Inc. 4.125%, 03/15/2029		400,000		382,455
Wabtec Corp. 3.200%, 06/15/2025		500,000		477,316
				30,611,500
Information technology – 3.0%
Autodesk, Inc. 2.850%, 01/15/2030		99,000		87,434
Broadcom, Inc.
2.450%, 02/15/2031 (E)		1,000,000		818,719
3.137%, 11/15/2035 (E)		779,000		599,097
3.419%, 04/15/2033 (E)		499,000		417,518
3.469%, 04/15/2034 (E)		421,000		345,760
4.750%, 04/15/2029		1,178,000		1,163,024
4.926%, 05/15/2037 (E)		211,000		191,880
CDW LLC 3.250%, 02/15/2029		149,000		131,044
CGI, Inc. 1.450%, 09/14/2026		377,000		338,473
Consensus Cloud Solutions, Inc. 6.500%, 10/15/2028 (E)		144,000		119,419
Dell International LLC
4.900%, 10/01/2026		574,000		572,546
5.300%, 10/01/2029		978,000		985,376
Fortinet, Inc. 2.200%, 03/15/2031		1,000,000		831,189
Gartner, Inc. 4.500%, 07/01/2028 (E)		374,000		355,001
Infor, Inc. 1.750%, 07/15/2025 (E)		151,000		137,982
Jabil, Inc. 3.600%, 01/15/2030		180,000		162,527
KLA Corp. 4.100%, 03/15/2029		211,000		207,703
Marvell Technology, Inc. 2.450%, 04/15/2028		434,000		380,095
Micron Technology, Inc.
4.185%, 02/15/2027		920,000		890,253
4.663%, 02/15/2030		1,000,000		960,103
5.327%, 02/06/2029		1,676,000		1,686,041
6.750%, 11/01/2029		1,000,000		1,062,321

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Motorola Solutions, Inc.
2.300%, 11/15/2030	$	431,000	$	350,275
2.750%, 05/24/2031		395,000		326,192
4.600%, 05/23/2029		150,000		145,915
NXP BV 3.875%, 06/18/2026		450,000		434,577
Oracle Corp.
2.950%, 04/01/2030		694,000		612,770
5.550%, 02/06/2053		1,000,000		952,041
Qorvo, Inc. 3.375%, 04/01/2031 (E)		247,000		204,333
Qualcomm, Inc. 1.650%, 05/20/2032		566,000		458,654
Renesas Electronics Corp. 1.543%, 11/26/2024 (E)		257,000		239,940
Sabre GLBL, Inc. 7.375%, 09/01/2025 (E)		209,000		186,740
VeriSign, Inc. 2.700%, 06/15/2031		190,000		161,093
Western Digital Corp. 4.750%, 02/15/2026		382,000		366,512
				16,882,547
Materials – 1.4%
Amcor Flexibles North America, Inc. 3.100%, 09/15/2026		500,000		471,236
Anglo American Capital PLC 4.750%, 04/10/2027 (E)		203,000		198,600
Braskem Idesa SAPI 6.990%, 02/20/2032 (E)		201,000		151,702
Braskem Netherlands Finance BV 5.875%, 01/31/2050 (E)		240,000		180,236
Cemex SAB de CV
3.875%, 07/11/2031 (E)		297,000		247,435
5.200%, 09/17/2030 (E)		224,000		206,617
CF Industries, Inc. 4.950%, 06/01/2043		175,000		150,907
First Quantum Minerals, Ltd. 6.875%, 03/01/2026 to 10/15/2027 (E)		404,000		390,514
Freeport-McMoRan, Inc.
4.250%, 03/01/2030		354,000		327,491
4.625%, 08/01/2030		297,000		280,531
5.450%, 03/15/2043		934,000		873,650
Glencore Funding LLC 2.625%, 09/23/2031 (E)		500,000		410,425
Hudbay Minerals, Inc. 4.500%, 04/01/2026 (E)		66,000		60,948
Huntsman International LLC 4.500%, 05/01/2029		500,000		469,519
JW Aluminum Continuous Cast Company 10.250%, 06/01/2026 (E)		80,000		80,200
Mauser Packaging Solutions Holding Company 7.875%, 08/15/2026 (E)		140,000		140,000
Methanex Corp. 5.650%, 12/01/2044		450,000		368,763
Newmont Corp. 2.800%, 10/01/2029		142,000		125,567
Novelis Corp. 4.750%, 01/30/2030 (E)		410,000		376,706
Owens-Brockway Glass Container, Inc. 6.625%, 05/13/2027 (E)		130,000		130,148
Pactiv Evergreen Group Issuer LLC 4.375%, 10/15/2028 (E)		174,000		152,108

 

15

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Pactiv Evergreen Group Issuer, Inc. 4.000%, 10/15/2027 (E)	$	362,000	$	325,076
Sasol Financing USA LLC 5.500%, 03/18/2031		192,000		160,441
Standard Industries, Inc.
3.375%, 01/15/2031 (E)		142,000		114,123
4.375%, 07/15/2030 (E)		149,000		129,630
5.000%, 02/15/2027 (E)		73,000		69,330
The Mosaic Company 4.250%, 11/15/2023		600,000		593,620
Trinseo Materials Operating SCA 5.125%, 04/01/2029 (E)		112,000		68,835
Valvoline, Inc. 3.625%, 06/15/2031 (E)		302,000		256,265
Volcan Cia Minera SAA 4.375%, 02/11/2026 (E)		69,000		57,104
				7,567,727
Real estate – 2.8%
American Homes 4 Rent LP 4.250%, 02/15/2028		203,000		190,482
American Tower Corp.
1.600%, 04/15/2026		216,000		195,339
3.550%, 07/15/2027		259,000		244,094
3.800%, 08/15/2029		531,000		493,482
5.000%, 02/15/2024		670,000		666,921
American Tower Trust I
3.652%, 03/23/2028 (E)		315,000		297,131
5.490%, 03/15/2028 (E)		359,000		362,358
Brixmor Operating Partnership LP 4.050%, 07/01/2030		500,000		451,398
Crown Castle, Inc.
3.300%, 07/01/2030		410,000		369,718
3.700%, 06/15/2026		500,000		482,029
3.800%, 02/15/2028		225,000		213,528
4.150%, 07/01/2050		400,000		319,665
CubeSmart LP 4.375%, 02/15/2029		600,000		572,069
EPR Properties 4.950%, 04/15/2028		350,000		292,238
Equinix, Inc. 2.900%, 11/18/2026		1,000,000		929,947
ERP Operating LP 3.375%, 06/01/2025		300,000		289,903
Extra Space Storage LP
2.350%, 03/15/2032		500,000		392,896
5.700%, 04/01/2028		95,000		95,644
GLP Capital LP
3.250%, 01/15/2032		521,000		422,719
4.000%, 01/15/2030		147,000		130,349
5.375%, 04/15/2026		279,000		270,755
Healthcare Realty Holdings LP
3.500%, 08/01/2026		500,000		465,112
3.750%, 07/01/2027		600,000		563,579
Host Hotels & Resorts LP
2.900%, 12/15/2031		500,000		390,183
3.375%, 12/15/2029		377,000		318,776
3.500%, 09/15/2030		220,000		185,819
4.500%, 02/01/2026		214,000		207,454
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/2032 (E)		66,000		56,676
Iron Mountain, Inc.
4.875%, 09/15/2029 (E)		136,000		122,225
5.250%, 07/15/2030 (E)		159,000		143,367

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Mid-America Apartments LP 3.950%, 03/15/2029	$	700,000	$	670,836
Piedmont Operating Partnership LP 4.450%, 03/15/2024		500,000		472,630
RHP Hotel Properties LP 4.500%, 02/15/2029 (E)		215,000		194,205
SBA Tower Trust
1.884%, 01/15/2026 (E)		500,000		451,713
2.836%, 01/15/2025 (E)		266,000		251,975
6.599%, 01/15/2028 (E)		515,000		543,528
Sun Communities Operating LP 5.700%, 01/15/2033		1,000,000		1,000,656
Ventas Realty LP 4.750%, 11/15/2030		1,000,000		955,351
VICI Properties LP
3.875%, 02/15/2029 (E)		207,000		184,048
4.125%, 08/15/2030 (E)		160,000		141,326
4.625%, 12/01/2029 (E)		336,000		305,866
5.125%, 05/15/2032		77,000		72,545
Welltower OP LLC 2.700%, 02/15/2027		400,000		362,632
XHR LP 4.875%, 06/01/2029 (E)		107,000		90,745
				15,833,912
Utilities – 2.0%
AES Panama Generation Holdings SRL 4.375%, 05/31/2030 (E)		203,000		174,580
Ameren Corp. 3.500%, 01/15/2031		1,000,000		909,736
AmeriGas Partners LP 5.500%, 05/20/2025		277,000		265,702
Arizona Public Service Company 5.500%, 09/01/2035		1,118,000		1,118,803
Atlantica Transmision Sur SA 6.875%, 04/30/2043 (E)		207,020		194,081
CenterPoint Energy Houston Electric LLC 6.950%, 03/15/2033		535,000		623,911
Consolidated Edison Company of New York, Inc.
3.350%, 04/01/2030		500,000		460,631
3.950%, 04/01/2050		500,000		413,707
Dominion Energy, Inc.
3.375%, 04/01/2030		604,000		548,988
3.600%, 03/15/2027		500,000		480,849
DPL, Inc. 4.125%, 07/01/2025		203,000		193,944
Edison International 3.550%, 11/15/2024		700,000		679,937
Emera US Finance LP 3.550%, 06/15/2026		293,000		279,229
FirstEnergy Corp.
2.650%, 03/01/2030		254,000		215,915
3.400%, 03/01/2050		82,000		56,233
NextEra Energy Capital Holdings, Inc.
2.250%, 06/01/2030		140,000		118,339
6.051%, 03/01/2025		85,000		86,471
NextEra Energy Operating Partners LP
3.875%, 10/15/2026 (E)		243,000		226,291
4.500%, 09/15/2027 (E)		201,000		191,895
NiSource, Inc.
3.600%, 05/01/2030		230,000		212,224
5.250%, 03/30/2028		66,000		67,138
NRG Energy, Inc.
2.450%, 12/02/2027 (E)		284,000		242,976

 

16

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
NRG Energy, Inc. (continued)
3.375%, 02/15/2029 (E)	$	62,000	$	51,318
3.625%, 02/15/2031 (E)		175,000		140,310
3.875%, 02/15/2032 (E)		371,000		296,800
4.450%, 06/15/2029 (E)		257,000		233,022
7.000%, 03/15/2033 (E)		288,000		298,345
10.250%, (10.250% to 3-15-28, then 5 Year CMT + 5.920%), 03/15/2028 (E)(H)		226,000		215,968
Southern California Edison Company 3.700%, 08/01/2025		1,000,000		974,436
Vistra Operations Company LLC
3.700%, 01/30/2027 (E)		624,000		575,927
4.300%, 07/15/2029 (E)		535,000		478,936
				11,026,642
TOTAL CORPORATE BONDS (Cost $253,117,034)			$	234,856,733
CAPITAL PREFERRED SECURITIES – 0.2%
Financials – 0.2%
Truist Financial Corp. 5.511%, (Greater of 3 month LIBOR + 0.645% or 4.000%), 12/15/2024 (B)(H)		425,000		329,906
USB Capital IX 5.812%, (Greater of 3 month LIBOR + 1.020% or 3.500%), 05/01/2023 (B)(H)		1,045,000		802,560
				1,132,466
TOTAL CAPITAL PREFERRED SECURITIES (Cost $1,390,894)			$	1,132,466
MUNICIPAL BONDS – 0.7%
Foothill-Eastern Transportation Corridor Agency (California) 4.094%, 01/15/2049		1,000,000		877,794
Golden State Tobacco Securitization Corp. (California) 4.214%, 06/01/2050		231,000		180,722
New Jersey Transportation Trust Fund Authority
4.081%, 06/15/2039		323,000		286,553
4.131%, 06/15/2042		85,000		75,034
Sales Tax Securitization Corp. (Illinois) 4.637%, 01/01/2040		445,000		430,521
State Board of Administration Finance Corp. (Florida) 1.705%, 07/01/2027		174,000		155,133
State of Connecticut, GO 2.677%, 07/01/2030		250,000		222,244
The School District of Philadelphia (Pennsylvania), GO
5.995%, 09/01/2030		315,000		334,562
6.765%, 06/01/2040		1,010,000		1,122,850
TOTAL MUNICIPAL BONDS (Cost $4,150,482)			$	3,685,413
TERM LOANS (I) – 0.0%
Industrials – 0.0%
CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) 8.375%, 06/02/2028		251,462		213,833

Active Bond Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (I) (continued)
Materials – 0.0%
Mauser Packaging Solutions Holding Company, 2017 Term Loan B 04/03/2024 TBD (J)	$	47,873	$	47,412
TOTAL TERM LOANS (Cost $298,890)			$	261,245
COLLATERALIZED MORTGAGE OBLIGATIONS – 8.9%
Commercial and residential – 5.9%
Angel Oak Mortgage Trust LLC
Series 2021-2, Class A1, 0.985%, 04/25/2066 (A)(E)		116,748		97,643
Series 2021-4, Class A1, 1.035%, 01/20/2065 (A)(E)		256,212		205,505
Arbor Multifamily Mortgage Securities Trust Series 2020-MF1, Class XA IO 0.961%, 05/15/2053 (E)		4,319,722		216,476
Arroyo Mortgage Trust Series 2021-1R, Class A1 1.175%, 10/25/2048 (A)(E)		199,008		161,030
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM 3.719%, 11/05/2032 (A)(E)		116,000		82,346
BANK
Series 2019-BN20, Class ASB, 2.933%, 09/15/2062		400,000		365,987
Series 2021-BN34, Class XA IO, 0.976%, 06/15/2063		12,753,937		708,119
BBCMS Mortgage Trust Series 2020-C6, Class A2 2.690%, 02/15/2053		101,000		95,638
BBCMS Trust Series 2015-SRCH, Class D 4.957%, 08/10/2035 (A)(E)		194,000		165,154
Bear Stearns Asset Backed Securities Trust Series 2003-AC4, Class A 5.500%, 09/25/2033		258,410		245,997
Benchmark Mortgage Trust
Series 2019-B12, Class A2, 3.001%, 08/15/2052		240,462		231,238
Series 2019-B15, Class XA IO, 0.817%, 12/15/2072		9,845,443		380,057
BMO Mortgage Trust Series 2022-C2, Class A5 4.813%, 07/15/2054 (A)		500,000		492,320
BOCA Commercial Mortgage Trust
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%), 6.597%, 05/15/2039 (B)(E)		260,000		252,290
Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%), 7.146%, 05/15/2039 (B)(E)		100,000		96,807
BPR Trust Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) 6.725%, 04/15/2037 (B)(E)		756,000		726,384
BRAVO Residential Funding Trust Series 2021-NQM1, Class A1 0.941%, 02/25/2049 (A)(E)		134,676		118,087
BWAY Mortgage Trust Series 2015-1740, Class XA IO 0.179%, 01/10/2035 (E)		3,705,000		451

 

17

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BX Commercial Mortgage Trust
Series 2020-VKNG, Class A (1 month CME Term SOFR + 1.044%), 5.872%, 10/15/2037 (B)(E)	$	233,764	$	228,524
Series 2021-ACNT, Class A (1 month LIBOR + 0.850%), 5.535%, 11/15/2038 (B)(E)		243,000		233,556
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%), 5.784%, 09/15/2036 (B)(E)		278,000		261,966
Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%), 5.817%, 01/17/2039 (B)(E)		566,000		542,416
BX Trust
Series 2019-OC11, Class A, 3.202%, 12/09/2041 (E)		383,000		326,966
Series 2019-OC11, Class D, 3.944%, 12/09/2041 (A)(E)		300,000		247,562
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (E)		267,000		260,725
CAMB Commercial Mortgage Trust
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%), 6.434%, 12/15/2037 (B)(E)		121,000		117,959
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%), 7.234%, 12/15/2037 (B)(E)		192,000		183,802
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		800,000		746,722
CFCRE Commercial Mortgage Trust Series 2017-C8, Class C 4.896%, 06/15/2050 (A)		500,000		423,360
CHL Mortgage Pass-Through Trust Series 2004-HYB2, Class 4A 2.708%, 07/20/2034 (A)		450,948		411,009
Citigroup Commercial Mortgage Trust
Series 2018-C5, Class A3, 3.963%, 06/10/2051		409,116		384,220
Series 2018-C5, Class XA IO, 0.669%, 06/10/2051		13,829,266		408,833
Series 2019-C7, Class XA IO, 0.866%, 12/15/2072		15,763,458		685,569
Series 2019-SMRT, Class A, 4.149%, 01/10/2036 (E)		162,000		158,710
Cold Storage Trust Series 2020-ICE5, Class D (1 month LIBOR + 2.100%) 6.784%, 11/15/2037 (B)(E)		491,495		474,218
COLT Mortgage Loan Trust Series 2021-2, Class A1 0.924%, 08/25/2066 (A)(E)		223,644		178,059
COLT Trust Series 2020-RPL1, Class A1 1.390%, 01/25/2065 (A)(E)		393,500		338,513
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR3, Class XA IO, 1.228%, 10/15/2045		787,377		8
Series 2013-CR8, Class A5, 3.612%, 06/10/2046 (A)		86,901		86,719
Series 2013-CR8, Class AM, 3.831%, 06/10/2046 (A)(E)		1,000,000		957,061

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) (continued)
Series 2014-CR15, Class C, 4.672%, 02/10/2047 (A)	$	800,000	$	702,730
Series 2014-CR15, Class XA IO, 0.614%, 02/10/2047		4,543,346		15,139
Series 2015-CR27, Class A4, 3.612%, 10/10/2048		1,000,000		956,404
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO 0.434%, 05/10/2051		4,987,798		91,948
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2013-300P, Class D, 4.394%, 08/10/2030 (A)(E)		307,000		260,950
Series 2013-300P, Class E, 4.394%, 08/10/2030 (A)(E)		200,000		149,500
Series 2017-PANW, Class A, 3.244%, 10/10/2029 (E)		89,000		84,247
Series 2020-CBM, Class A2, 2.896%, 02/10/2037 (E)		169,000		157,451
Series 2020-CX, Class A, 2.173%, 11/10/2046 (E)		500,000		389,254
Commercial Mortgage Trust (Deutsche Bank AG/UBS AG) Series 2014-UBS2, Class XA IO 1.056%, 03/10/2047		3,031,942		15,377
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%), 6.284%, 05/15/2036 (B)(E)		304,243		297,318
Series 2020-NET, Class A, 2.257%, 08/15/2037 (E)		103,596		93,099
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (A)(E)		198,844		167,590
Series 2021-NQM3, Class A1, 1.015%, 04/25/2066 (A)(E)		178,190		144,952
Series 2021-NQM5, Class A1, 0.938%, 05/25/2066 (A)(E)		133,296		104,873
CSAIL Commercial Mortgage Trust
Series 2019-C17, Class A4, 2.763%, 09/15/2052		425,000		363,739
Series 2019-C18, Class E, 2.500%, 12/15/2052 (E)		265,000		134,988
DSLA Mortgage Loan Trust Series 2004-AR3, Class 2A2B (1 month LIBOR + 0.900%) 5.661%, 07/19/2044 (B)		276,353		237,334
Ellington Financial Mortgage Trust
Series 2021-1, Class A1, 0.797%, 02/25/2066 (A)(E)		90,320		75,372
Series 2021-2, Class A1, 0.931%, 06/25/2066 (A)(E)		208,580		167,640
Flagstar Mortgage Trust Series 2021-1, Class A2 2.500%, 02/01/2051 (A)(E)		340,975		277,215
FREMF Mortgage Trust
Series 2016-K54, Class C, 4.053%, 04/25/2048 (A)(E)		290,000		278,558

 

18

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
FREMF Mortgage Trust (continued)
Series 2016-K56, Class B, 3.950%, 06/25/2049 (A)(E)	$	1,085,000	$	1,043,272
Series 2017-K67, Class B, 3.946%, 09/25/2049 (A)(E)		485,000		459,060
Series 2018-K730, Class B, 3.796%, 02/25/2050 (A)(E)		300,000		290,342
Series 2019-KF69, Class B (1 month LIBOR + 2.300%), 6.969%, 08/25/2029 (B)(E)		122,515		115,313
GCAT Trust
Series 2021-NQM1, Class A1, 0.874%, 01/25/2066 (A)(E)		153,190		128,836
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (A)(E)		152,566		124,876
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (A)(E)		245,775		200,619
GS Mortgage Securities Trust
Series 2013-GC10, Class C, 4.285%, 02/10/2046 (A)(E)		590,033		568,625
Series 2017-485L, Class C, 3.982%, 02/10/2037 (A)(E)		85,000		72,758
Series 2020-UPTN, Class A, 2.751%, 02/10/2037 (E)		136,000		126,035
GS Mortgage-Backed Securities Trust Series 2021-NQM1, Class A1 1.017%, 07/25/2061 (A)(E)		109,211		94,037
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (E)		7,486,490		78,216
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		7,740,264		101,945
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (E)		7,901,032		98,384
Hilton Orlando Trust Series 2018-ORL, Class B (1 month LIBOR + 1.300%) 5.984%, 12/15/2034 (B)(E)		1,000,000		969,781
Imperial Fund Mortgage Trust Series 2021-NQM1, Class A1 1.071%, 06/25/2056 (A)(E)		145,185		122,865
IMT Trust
Series 2017-APTS, Class AFX, 3.478%, 06/15/2034 (E)		107,000		103,398
Series 2017-APTS, Class CFX, 3.497%, 06/15/2034 (A)(E)		123,000		117,140
InTown Mortgage Trust Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) 7.316%, 08/15/2039 (B)(E)		434,000		430,464
Irvine Core Office Trust
Series 2013-IRV, Class A2, 3.174%, 05/15/2048 (A)(E)		260,000		251,956
Series 2013-IRV, Class XA IO, 1.106%, 05/15/2048 (E)		242,163		73
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class XA IO 0.359%, 08/15/2046		3,711,913		37
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2020-ACE, Class A, 3.287%, 01/10/2037 (E)		1,000,000		942,382

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
JPMorgan Chase Commercial Mortgage Securities Trust (continued)
Series 2020-NNN, Class AFX, 2.812%, 01/16/2037 (E)	$	258,000	$	234,434
KNDL Mortgage Trust Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) 6.034%, 05/15/2036 (B)(E)		187,000		182,385
Life Mortgage Trust
Series 2021-BMR, Class A (1 month CME Term SOFR + 0.814%), 5.641%, 03/15/2038 (B)(E)		340,108		329,972
Series 2021-BMR, Class D (1 month CME Term SOFR + 1.514%), 6.341%, 03/15/2038 (B)(E)		275,232		260,037
Series 2021-BMR, Class E (1 month CME Term SOFR + 1.864%), 6.691%, 03/15/2038 (B)(E)		982,970		918,300
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%), 6.122%, 05/15/2039 (B)(E)		736,000		719,533
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1, 4.102%, 04/21/2034 (A)		55,382		51,488
Series 2004-8, Class 5A1, 4.078%, 08/25/2034 (A)		76,920		71,299
MASTR Alternative Loan Trust Series 2004-4, Class 8A1 6.500%, 05/25/2034		151,208		147,139
Merrill Lynch Mortgage Investors Trust Series 2005-A, Class A1 (1 month LIBOR + 0.460%) 5.305%, 03/25/2030 (B)		11,978		10,762
Merrill Lynch Mortgage Trust Series 2008-C1, Class X IO 0.000%, 02/12/2051 (E)		2,476,993		25
MFA Trust Series 2021-NQM1, Class A1 1.153%, 04/25/2065 (A)(E)		122,578		107,529
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C17, Class XA IO 1.018%, 08/15/2047		8,547,940		59,286
Morgan Stanley Capital I Trust Series 2019-L3, Class XA IO 0.636%, 11/15/2052		21,329,193		680,853
Natixis Commercial Mortgage Securities Trust
Series 2018-285M, Class D, 3.790%, 11/15/2032 (A)(E)		135,000		117,018
Series 2018-ALXA, Class C, 4.316%, 01/15/2043 (A)(E)		98,000		83,168
NYMT Loan Trust Series 2022-CP1, Class A1 2.042%, 07/25/2061 (E)		151,760		136,939
OBX Trust
Series 2020-EXP2, Class A3, 2.500%, 05/25/2060 (A)(E)		111,523		92,526
Series 2021-NQM2, Class A1, 1.101%, 05/25/2061 (A)(E)		231,394		182,684

 

19

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
One Market Plaza Trust Series 2017-1MKT, Class D 4.146%, 02/10/2032 (E)	$	90,000	$	79,661
Provident Funding Mortgage Trust Series 2020-F1, Class A2 2.000%, 01/25/2036 (A)(E)		299,755		256,096
Sequoia Mortgage Trust Series 2005-3, Class A1 (1 month LIBOR + 0.400%) 5.161%, 05/20/2035 (B)		26,917		22,692
SLG Office Trust Series 2021-OVA, Class D 2.851%, 07/15/2041 (E)		352,000		259,600
SMRT Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) 5.828%, 01/15/2039 (B)(E)		791,000		760,388
Structured Asset Securities Corp. Series 1998-RF2, Class A 4.739%, 07/15/2027 (A)(E)		33,471		33,388
Towd Point Mortgage Trust
Series 2015-1, Class A5, 3.858%, 10/25/2053 (A)(E)		123,000		119,088
Series 2015-2, Class 1M2, 3.531%, 11/25/2060 (A)(E)		129,498		126,406
Series 2015-6, Class M2, 3.750%, 04/25/2055 (A)(E)		1,000,000		943,152
Series 2017-2, Class A1, 2.750%, 04/25/2057 (A)(E)		5,439		5,378
Series 2018-1, Class A1, 3.000%, 01/25/2058 (A)(E)		42,372		41,064
Series 2018-4, Class A1, 3.000%, 06/25/2058 (A)(E)		210,990		195,572
Series 2018-5, Class A1A, 3.250%, 07/25/2058 (A)(E)		22,811		21,930
Series 2018-6, Class A1A, 3.750%, 03/25/2058 (A)(E)		143,781		139,805
Series 2019-1, Class A1, 3.750%, 03/25/2058 (A)(E)		172,226		163,384
Series 2019-4, Class A1, 2.900%, 10/25/2059 (A)(E)		156,580		145,940
Series 2020-4, Class A1, 1.750%, 10/25/2060 (E)		235,595		210,005
UBS-Barclays Commercial Mortgage Trust Series 2012-C2, Class XA IO 0.365%, 05/10/2063 (E)		895,884		9
Velocity Commercial Capital Loan Trust Series 2018-2, Class M1 4.260%, 10/26/2048 (A)(E)		160,681		144,081
Verus Securitization Trust
Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter), 1.218%, 05/25/2065 (E)		81,149		73,822
Series 2021-3, Class A1, 1.046%, 06/25/2066 (A)(E)		256,884		213,965
Series 2021-4, Class A1, 0.938%, 07/25/2066 (A)(E)		147,843		118,310
Series 2021-5, Class A1, 1.013%, 09/25/2066 (A)(E)		220,240		178,067
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (A)(E)		117,006		104,908

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Washington Mutual Mortgage Pass Through Certificates Series 2005-1, Class 6A1 6.500%, 03/25/2035	$	178,285	$	149,329
Wells Fargo Commercial Mortgage Trust Series 2019-C54, Class A3 2.892%, 12/15/2052		500,000		432,875
WF-RBS Commercial Mortgage Trust Series 2012-C10, Class XA IO 1.151%, 12/15/2045 (E)		570,671		6
				33,228,396
U.S. Government Agency – 3.0%
Federal Home Loan Mortgage Corp.
Series 2021-HQA2, Class M2 (1 month SOFR + 2.050%), 6.610%, 12/25/2033 (B)(E)		1,000,000		946,287
Series 2021-HQA3, Class M2 (1 month SOFR + 2.100%), 6.660%, 09/25/2041 (B)(E)		1,000,000		900,049
Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%), 5.560%, 01/25/2042 (B)(E)		346,415		339,511
Series 2022-DNA2, Class M1B (1 month SOFR + 2.400%), 6.960%, 02/25/2042 (B)(E)		342,000		332,202
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%), 7.460%, 04/25/2042 (B)(E)		205,000		203,466
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%), 6.760%, 05/25/2042 (B)(E)		232,079		233,133
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%), 7.910%, 05/25/2042 (B)(E)		304,000		306,081
Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%), 9.060%, 06/25/2042 (B)(E)		335,000		347,557
Series 290, Class IO, 3.500%, 11/15/2032		682,596		69,308
Series 3387, Class SB IO, 1.736%, 11/15/2037		686,376		49,349
Series 3632, Class AP, 3.000%, 02/15/2040		376,524		359,194
Series K109, Class X1 IO, 1.582%, 04/25/2030		3,112,221		268,310
Series K121, Class X1 IO, 1.024%, 10/25/2030		12,742,864		747,642
Series T-41, Class 3A, 4.341%, 07/25/2032 (A)		38,987		37,671
Federal National Mortgage Association
Series 2001-50, Class BA, 7.000%, 10/25/2041		4,162		4,282
Series 2002-W3, Class A5, 7.500%, 11/25/2041		42,251		45,791
Series 2011-41, Class KA, 4.000%, 01/25/2041		39,920		39,059
Series 2012-137, Class WI IO, 3.500%, 12/25/2032		630,042		67,226
Series 2012-21, Class PA, 2.000%, 03/25/2041		567,568		535,408
Series 2012-38, Class PA, 2.000%, 09/25/2041		400,170		369,071

 

20

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2015-C01, Class 1M2 (1 month LIBOR + 4.300%), 9.145%, 02/25/2025 (B)	$	47,691	$	49,178
Series 2016-M11, Class X1 IO, 0.427%, 07/25/2026		18,337,393		194,910
Series 2016-M12, Class X2 IO, 0.027%, 09/25/2026		28,244,130		14,972
Series 2019-M25, Class X IO, 0.128%, 11/25/2029		31,229,571		246,523
Series 2020-M1, Class X1 IO, 0.197%, 10/25/2029		24,112,761		204,876
Series 2020-R02, Class 2M2 (1 month LIBOR + 2.000%), 6.845%, 01/25/2040 (B)(E)		134,564		133,703
Series 2021-31, Class IE IO, 0.831%, 03/25/2050		2,594,000		98,727
Series 2021-M8, Class X IO, 0.254%, 11/25/2035		10,268,284		227,531
Series 2021-R01, Class 1M2 (1 month SOFR + 1.550%), 6.110%, 10/25/2041 (B)(E)		1,000,000		971,300
Series 2022-22, Class B, 2.000%, 07/25/2054		1,007,717		649,284
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%), 6.660%, 03/25/2042 (B)(E)		285,652		285,119
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%), 6.560%, 03/25/2042 (B)(E)		122,501		122,576
Series 427, Class C20 IO, 2.000%, 02/25/2051		1,965,369		261,934
Series 427, Class C77 IO, 2.500%, 09/25/2051		932,522		137,547
Government National Mortgage Association
Series 2008-90, Class IO, 2.011%, 12/16/2050		2,033,444		261,849
Series 2010-147, Class SA IO, 1.409%, 05/20/2040		298,148		7,826
Series 2010-85, Class SB IO, 1.872%, 03/16/2040		622,976		33,193
Series 2012-114, Class IO, 0.613%, 01/16/2053		270,102		4,120
Series 2012-120, Class IO, 0.640%, 02/16/2053		3,594,777		57,287
Series 2012-70, Class IO, 0.094%, 08/16/2052		256,351		140
Series 2015-41, Class IO, 0.276%, 09/16/2056		2,097,177		25,294
Series 2015-86, Class IO, 0.417%, 05/16/2052		22,114,815		374,915
Series 2016-162, Class IO, 0.676%, 09/16/2058		6,797,288		213,109
Series 2016-174, Class IO, 0.892%, 11/16/2056		309,739		12,638
Series 2017-109, Class IO, 0.230%, 04/16/2057		619,785		11,767
Series 2017-124, Class IO, 0.620%, 01/16/2059		638,339		19,419
Series 2017-135, Class IO, 0.720%, 10/16/2058		996,673		40,878

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2017-140, Class IO, 0.486%, 02/16/2059	$	389,855	$	13,054
Series 2017-159, Class IO, 0.434%, 06/16/2059		9,583,088		306,735
Series 2017-169, Class IO, 0.588%, 01/16/2060		1,894,746		63,915
Series 2017-20, Class IO, 0.531%, 12/16/2058		1,408,659		36,228
Series 2017-22, Class IO, 0.758%, 12/16/2057		187,611		6,947
Series 2017-23, Class IO, 0.609%, 05/16/2059		5,928,819		201,838
Series 2017-41, Class IO, 0.595%, 07/16/2058		522,687		14,661
Series 2017-46, Class IO, 0.697%, 11/16/2057		643,480		24,147
Series 2017-50, Class IO, 0.639%, 01/16/2057		8,696,782		298,490
Series 2017-53, Class IO, 0.531%, 11/16/2056		8,949,063		293,700
Series 2017-61, Class IO, 0.746%, 05/16/2059		322,123		12,017
Series 2018-158, Class IO, 0.773%, 05/16/2061		1,613,323		80,805
Series 2018-35, Class IO, 0.529%, 03/16/2060		1,532,249		56,853
Series 2018-43, Class IO, 0.438%, 05/16/2060		1,317,404		44,085
Series 2018-69, Class IO, 0.611%, 04/16/2060		385,625		17,800
Series 2018-81, Class IO, 0.475%, 01/16/2060		281,489		11,242
Series 2018-85, Class IO, 0.548%, 07/16/2060		5,414,256		223,488
Series 2018-9, Class IO, 0.443%, 01/16/2060		1,637,345		50,625
Series 2019-131, Class IO, 0.802%, 07/16/2061		1,254,852		69,561
Series 2020-100, Class IO, 0.782%, 05/16/2062		1,462,939		86,889
Series 2020-108, Class IO, 0.847%, 06/16/2062		3,197,250		191,690
Series 2020-114, Class IO, 0.800%, 09/16/2062		3,498,016		216,442
Series 2020-118, Class IO, 0.881%, 06/16/2062		2,498,187		156,168
Series 2020-119, Class IO, 0.602%, 08/16/2062		1,409,073		71,466
Series 2020-120, Class IO, 0.760%, 05/16/2062		800,673		47,194
Series 2020-137, Class IO, 0.795%, 09/16/2062		3,674,160		210,281
Series 2020-143, Class IB IO, 0.870%, 03/16/2062		4,312,932		260,205
Series 2020-150, Class IO, 0.961%, 12/16/2062		2,242,437		160,905
Series 2020-161, Class IA IO, 0.500%, 08/16/2062		16,975,597		449,405
Series 2020-170, Class IO, 0.833%, 11/16/2062		2,958,720		189,929
Series 2020-28, Class IO, 0.820%, 11/16/2061		5,393,643		313,514

 

21

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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 2020-92, Class IO, 0.877%, 02/16/2062	$	3,368,351	$	223,569
Series 2021-11, Class IA IO, 0.250%, 12/16/2062		22,096,021		298,285
Series 2021-3, Class IO, 0.867%, 09/16/2062		3,716,622		241,984
Series 2021-40, Class IO, 0.824%, 02/16/2063		921,035		59,298
Series 2022-106, Class IO, 0.691%, 02/16/2064		5,722,841		352,211
Series 2022-150, Class IO, 0.823%, 06/16/2064		308,125		20,917
Series 2022-17, Class IO, 0.802%, 06/16/2064		2,026,201		135,832
Series 2022-181, Class IO, 0.715%, 07/16/2064		947,955		70,895
Series 2022-21, Class IO, 0.783%, 10/16/2063		888,832		57,897
				16,502,379
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $61,047,236)			$	49,730,775
ASSET BACKED SECURITIES – 6.7%
ABPCI Direct Lending Fund I, Ltd. Series 2020-1A, Class A 3.199%, 12/20/2030 (E)		125,000		112,716
Aegis Asset Backed Securities Trust Series 2004-3, Class M1 (1 month LIBOR + 0.900%) 5.745%, 09/25/2034 (B)		357,097		351,474
Aligned Data Centers Issuer LLC Series 2021-1A, Class A2 1.937%, 08/15/2046 (E)		992,000		875,128
AMSR Trust
Series 2020-SFR4, Class A 1.355%, 11/17/2037 (E)		153,000		139,168
Series 2021-SFR4, Class A 2.117%, 12/17/2038 (E)		105,000		95,078
Applebee's Funding LLC
Series 2019-1A, Class A2I 4.194%, 06/05/2049 (E)		400,950		391,805
Series 2023-1A, Class A2 7.824%, 03/05/2053 (E)		175,000		175,000
Aqua Finance Trust Series 2021-A, Class A 1.540%, 07/17/2046 (E)		140,888		126,374
Arby's Funding LLC Series 2020-1A, Class A2 3.237%, 07/30/2050 (E)		463,125		405,866
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A 2.360%, 03/20/2026 (E)		420,000		398,187
Series 2020-1A, Class A 2.330%, 08/20/2026 (E)		333,000		312,644
Series 2020-2A, Class C 4.250%, 02/20/2027 (E)		430,000		401,715
Beacon Container Finance II LLC Series 2021-1A, Class A 2.250%, 10/22/2046 (E)		429,292		374,286

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
BRE Grand Islander Timeshare Issuer LLC Series 2019-A, Class A 3.280%, 09/26/2033 (E)	$	112,462	$	107,103
Carlyle Global Market Strategies Series 2018-4A, Class C (3 month LIBOR + 2.900%) 7.708%, 01/20/2031 (B)(E)		530,000		496,315
Cars Net Lease Mortgage Notes Series 2020-1A, Class A1 2.010%, 12/15/2050 (E)		489,375		420,297
CARS-DB4 LP
Series 2020-1A, Class A1 2.690%, 02/15/2050 (E)		891,959		848,439
Series 2020-1A, Class A4 3.190%, 02/15/2050 (E)		991,042		935,688
Series 2020-1A, Class B1 4.170%, 02/15/2050 (E)		766,000		721,057
Centex Home Equity Loan Trust Series 2005-A, Class M4 (1 month LIBOR + 1.200%) 6.045%, 01/25/2035 (B)		156,736		144,965
CF Hippolyta Issuer LLC
Series 2020-1, Class A1 1.690%, 07/15/2060 (E)		484,646		440,088
Series 2021-1A, Class A1 1.530%, 03/15/2061 (E)		457,694		403,940
Chase Auto Credit Linked Notes Series 2021-3, Class B 0.760%, 02/26/2029 (E)		137,074		130,046
Citibank Credit Card Issuance Trust Series 2017-A6, Class A6 (1 month LIBOR + 0.770%) 5.569%, 05/14/2029 (B)		565,000		562,273
CLI Funding VI LLC Series 2020-1A, Class A 2.080%, 09/18/2045 (E)		531,656		468,420
CLI Funding VIII LLC
Series 2021-1A, Class A 1.640%, 02/18/2046 (E)		371,857		322,878
Series 2022-1A, Class A 2.720%, 01/18/2047 (E)		737,367		642,712
ContiMortgage Home Equity Loan Trust Series 1995-2, Class A5 8.100%, 08/15/2025		5,383		5,304
Credit-Based Asset Servicing & Securitization LLC Series 2006-MH1, Class B1 6.750%, 10/25/2036 (E)		1,973,232		1,875,178
DataBank Issuer Series 2021-1A, Class A2 2.060%, 02/27/2051 (E)		225,000		199,696
DB Master Finance LLC
Series 2017-1A, Class A2II 4.030%, 11/20/2047 (E)		189,050		176,043
Series 2021-1A, Class A2I 2.045%, 11/20/2051 (E)		679,400		597,670
Series 2021-1A, Class A2II 2.493%, 11/20/2051 (E)		987,500		838,293
Diamond Infrastructure Funding LLC
Series 2021-1A, Class B 2.355%, 04/15/2049 (E)		1,000,000		837,329
Series 2021-1A, Class C 3.475%, 04/15/2049 (E)		370,000		295,021
Domino's Pizza Master Issuer LLC
Series 2017-1A, Class A23 4.118%, 07/25/2047 (E)		451,250		425,760

 

22

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Domino's Pizza Master Issuer LLC (continued)
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (E)	$	1,315,568	$	1,129,134
Driven Brands Funding LLC
Series 2019-2A, Class A2 3.981%, 10/20/2049 (E)		967,500		879,467
Series 2020-2A, Class A2 3.237%, 01/20/2051 (E)		291,060		248,709
Series 2021-1A, Class A2 2.791%, 10/20/2051 (E)		427,588		349,742
Elmwood CLO IV, Ltd. Series 2020-1A, Class A (3 month LIBOR + 1.240%) 6.032%, 04/15/2033 (B)(E)		331,000		326,014
FirstKey Homes Trust
Series 2020-SFR1, Class A 1.339%, 08/17/2037 (E)		587,099		537,335
Series 2020-SFR2, Class A 1.266%, 10/19/2037 (E)		338,708		307,391
Series 2020-SFR2, Class D 1.968%, 10/19/2037 (E)		500,000		448,789
Series 2021-SFR1, Class A 1.538%, 08/17/2038 (E)		255,041		224,713
Series 2021-SFR1, Class D 2.189%, 08/17/2038 (E)		346,000		297,467
Series 2022-SFR3, Class A 4.250%, 07/17/2026 (E)		500,000		487,685
Five Guys Funding LLC Series 2017-1A, Class A2 4.600%, 07/25/2047 (E)		667,830		652,545
Golub Capital Partners Funding, Ltd.
Series 2020-1A, Class A2 3.208%, 01/22/2029 (E)		274,000		253,702
Series 2021-1A, Class A2 2.773%, 04/20/2029 (E)		335,000		309,355
HI-FI Music IP Issuer LP Series 2022-1A, Class A2 3.939%, 02/01/2062 (E)		292,000		268,827
Hilton Grand Vacations Trust
Series 2017-AA, Class A 2.660%, 12/26/2028 (E)		83,929		83,141
Series 2018-AA, Class A 3.540%, 02/25/2032 (E)		66,638		64,648
Home Partners of America Trust Series 2021-2, Class A 1.901%, 12/17/2026 (E)		144,190		128,104
ITE Rail Fund Levered LP Series 2021-3A, Class A 2.210%, 06/28/2051 (E)		737,666		641,704
Jack in the Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (E)		116,620		106,019
Series 2022-1A, Class A2I 3.445%, 02/26/2052 (E)		380,240		341,818
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX 2.730%, 10/25/2048 (E)		23,700		22,972
MetroNet Infrastructure Issuer LLC
Series 2022-1A, Class B 7.460%, 10/20/2052 (E)		400,000		386,206
Series 2023-1A, Class A2 6.560%, 04/20/2053 (E)		205,000		202,268
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (E)		109,917		107,046

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (E)	$	70,397	$	68,095
Navient Private Education Refi Loan Trust Series 2019-FA, Class A2 2.600%, 08/15/2068 (E)		158,310		146,415
Navient Student Loan Trust Series 2020-2A, Class A1A 1.320%, 08/26/2069 (E)		191,107		162,546
Neighborly Issuer LLC
Series 2021-1A, Class A2 3.584%, 04/30/2051 (E)		617,010		524,028
Series 2022-1A, Class A2 3.695%, 01/30/2052 (E)		252,450		207,417
New Economy Assets Phase 1 Sponsor LLC
Series 2021-1, Class A1 1.910%, 10/20/2061 (E)		607,000		523,414
Series 2021-1, Class B1 2.410%, 10/20/2061 (E)		184,000		156,764
NP SPE II LLC Series 2019-1A, Class B1 4.313%, 09/20/2049 (E)		500,000		459,158
NRZ Excess Spread-Collateralized Notes Series 2021-FHT1, Class A 3.104%, 07/25/2026 (E)		89,108		80,155
Oxford Finance Funding LLC Series 2019-1A, Class A2 4.459%, 02/15/2027 (E)		77,617		77,096
Progress Residential Trust
Series 2020-SFR1, Class A 1.732%, 04/17/2037 (E)		208,337		193,906
Series 2021-SFR8, Class B 1.681%, 10/17/2038 (E)		216,000		187,861
Series 2022-SFR3, Class D 4.450%, 04/17/2039 (E)		950,000		871,017
Renaissance Home Equity Loan Trust Series 2005-2, Class AF4 5.434%, 08/25/2035		52,285		51,256
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (E)		393,720		369,964
Sierra Timeshare Receivables Funding LLC Series 2019-1A, Class A 3.200%, 01/20/2036 (E)		34,851		33,442
SMB Private Education Loan Trust
Series 2019-B, Class A2A 2.840%, 06/15/2037 (E)		218,205		205,014
Series 2020-PTA, Class A2A 1.600%, 09/15/2054 (E)		250,446		223,853
Series 2021-A, Class APT2 1.070%, 01/15/2053 (E)		184,226		158,583
Series 2021-E, Class A1A 1.680%, 02/15/2051 (E)		1,010,773		918,711
Sonic Capital LLC
Series 2020-1A, Class A2I 3.845%, 01/20/2050 (E)		407,202		374,833
Series 2021-1A, Class A2I 2.190%, 08/20/2051 (E)		325,050		265,099
Store Master Funding I-VII & XIV Series 2019-1, Class A2 3.650%, 11/20/2049 (E)		285,650		245,517
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (E)		182,122		152,882

 

23

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Taco Bell Funding LLC Series 2021-1A, Class A2I 1.946%, 08/25/2051 (E)	$	660,638	$	574,470
TAL Advantage VII LLC Series 2020-1A, Class B 3.290%, 09/20/2045 (E)		368,741		326,057
TIF Funding II LLC Series 2021-1A, Class A 1.650%, 02/20/2046 (E)		764,750		644,641
Tricon American Homes Trust Series 2020-SFR2, Class D 2.281%, 11/17/2039 (E)		500,000		419,036
Trimaran Cavu, Ltd. Series 2019-1A, Class D (3 month LIBOR + 4.150%) 8.958%, 07/20/2032 (B)(E)		400,000		367,379
Trinity Rail Leasing LLC Series 2021-1A, Class A 2.260%, 07/19/2051 (E)		373,542		318,904
Triton Container Finance VIII LLC
Series 2020-1A, Class A 2.110%, 09/20/2045 (E)		522,113		457,408
Series 2021-1A, Class A 1.860%, 03/20/2046 (E)		364,370		312,922
Vantage Data Centers LLC
Series 2020-1A, Class A2 1.645%, 09/15/2045 (E)		343,000		308,641
Series 2020-2A, Class A2 1.992%, 09/15/2045 (E)		312,000		264,039
Series 2021-1A, Class A2 2.165%, 10/15/2046 (E)		400,000		356,319
Verizon Master Trust Series 2022-2, Class A 1.530%, 07/20/2028		289,000		272,639
VR Funding LLC Series 2020-1A, Class A 2.790%, 11/15/2050 (E)		349,659		299,396
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (E)		104,876		101,277
Wendy's Funding LLC
Series 2019-1A, Class A2II 4.080%, 06/15/2049 (E)		442,860		403,789
Series 2021-1A, Class A2I 2.370%, 06/15/2051 (E)		379,245		318,118
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (E)		134,896		107,751
Zaxby's Funding LLC Series 2021-1A, Class A2 3.238%, 07/30/2051 (E)		276,785		231,775
TOTAL ASSET BACKED SECURITIES (Cost $40,782,020)			$	37,600,344
COMMON STOCKS – 0.0%
Energy – 0.0%
Altera Infrastructure LP (D)(K)		401		10,326
Utilities – 0.0%
Algonquin Power & Utilities Corp.		8,150		243,441
TOTAL COMMON STOCKS (Cost $417,826)			$	253,767
PREFERRED SECURITIES – 0.1%
Communication services – 0.0%
Telephone & Data Systems, Inc., 6.625%		7,625		108,351
Financials – 0.0%
Wells Fargo & Company, 7.500%		55		64,694

Active Bond Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Utilities – 0.1%
NiSource, Inc., 7.750%		1,800	$	188,028
TOTAL PREFERRED SECURITIES (Cost $441,919)			$	361,073
ESCROW CERTIFICATES – 0.0%
LSC Communications, Inc. (D)(E)(K)	$	420,000		819
TOTAL ESCROW CERTIFICATES (Cost $0)			$	819
SHORT-TERM INVESTMENTS – 1.1%
Short-term funds – 1.1%
John Hancock Collateral Trust, 4.9438% (L)(M)		620,090		6,198,981
TOTAL SHORT-TERM INVESTMENTS (Cost $6,198,521)			$	6,198,981
Total Investments (Active Bond Trust) (Cost $606,140,450) – 99.5%			$	557,681,634
Other assets and liabilities, net – 0.5%				2,530,056
TOTAL NET ASSETS – 100.0%			$	560,211,690

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

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
GO	General Obligation
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
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.
SOFR	Secured Overnight Financing Rate
TBA	To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date.
(A)	Variable 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.
(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)	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 $119,327,598 or 21.3% of the fund's net assets as of 3-31-23.
(F)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $914,329.
(G)	Non-income producing - Issuer is in default.
(H)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(I)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(J)	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).

 

24

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

(K)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(L)	The rate shown is the annualized seven-day yield as of 3-31-23.
(M)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $934,201.

Active Bond Trust (continued)

* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year U.S. Treasury Note Futures	33	Long	Jun 2023	$3,782,502	$3,792,422	$9,920
						$9,920

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

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	49,474,878	$	1,122,584,971
TOTAL INVESTMENT COMPANIES (Cost $1,068,905,785)		$	1,122,584,971
Total Investments (American Asset Allocation Trust) (Cost $1,068,905,785) - 100.0%		$	1,122,584,971
Other assets and liabilities, net - 0.0%			45,766
TOTAL NET ASSETS - 100.0%		$	1,122,630,737

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	5,680,206	$	188,242,043
TOTAL INVESTMENT COMPANIES (Cost $168,795,469)		$	188,242,043
Total Investments (American Global Growth Trust) (Cost $168,795,469) - 100.0%		$	188,242,043
Other assets and liabilities, net - (0.0%)			(11,401)
TOTAL NET ASSETS - 100.0%		$	188,230,642

American Growth Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth Fund - Class 1	9,355,559	$	799,526,106
TOTAL INVESTMENT COMPANIES (Cost $756,208,028)		$	799,526,106
Total Investments (American Growth Trust) (Cost $756,208,028) - 100.0%		$	799,526,106
Other assets and liabilities, net - 0.0%			29,908
TOTAL NET ASSETS - 100.0%		$	799,556,014

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	15,714,144	$	835,363,874
TOTAL INVESTMENT COMPANIES (Cost $741,036,164)		$	835,363,874
Total Investments (American Growth-Income Trust) (Cost $741,036,164) - 100.0%		$	835,363,874
Other assets and liabilities, net - 0.0%			28,311
TOTAL NET ASSETS - 100.0%		$	835,392,185

American International Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American International Fund - Class 1	21,251,171	$	357,869,726
TOTAL INVESTMENT COMPANIES (Cost $404,914,179)		$	357,869,726
Total Investments (American International Trust) (Cost $404,914,179) - 100.0%		$	357,869,726
Other assets and liabilities, net - (0.0%)			(22,432)
TOTAL NET ASSETS - 100.0%		$	357,847,294

Blue Chip Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.8%
Communication services – 12.9%
Entertainment – 1.9%
Netflix, Inc. (A)	50,666	$	17,504,090
Sea, Ltd., ADR (A)	84,613		7,323,255
The Walt Disney Company (A)	47,912		4,797,429
			29,624,774
Interactive media and services – 9.9%
Alphabet, Inc., Class A (A)	152,649		15,834,281
Alphabet, Inc., Class C (A)	867,246		90,193,584
Meta Platforms, Inc., Class A (A)	197,835		41,929,150

 

25

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Tencent Holdings, Ltd.	145,200	$	7,095,822
			155,052,837
Wireless telecommunication services – 1.1%
T-Mobile US, Inc. (A)	120,520		17,456,117
			202,133,728
Consumer discretionary – 14.1%
Automobiles – 2.5%
Tesla, Inc. (A)	187,737		38,947,918
Broadline retail – 6.7%
Amazon.com, Inc. (A)	1,014,136		104,750,107
Hotels, restaurants and leisure – 2.1%
Booking Holdings, Inc. (A)	5,252		13,930,457
Chipotle Mexican Grill, Inc. (A)	9,090		15,528,356
DoorDash, Inc., Class A (A)	59,937		3,809,596
Meituan, Class B (A)(B)	14,520		263,425
			33,531,834
Specialty retail – 1.3%
Ross Stores, Inc.	161,309		17,119,724
The TJX Companies, Inc.	41,872		3,281,090
			20,400,814
Textiles, apparel and luxury goods – 1.5%
Lululemon Athletica, Inc. (A)	26,047		9,486,057
NIKE, Inc., Class B	111,811		13,712,501
			23,198,558
			220,829,231
Consumer staples – 0.9%
Consumer staples distribution and retail – 0.9%
Dollar General Corp.	68,072		14,326,433
Financials – 11.8%
Capital markets – 2.4%
Morgan Stanley	107,600		9,447,280
MSCI, Inc.	5,487		3,071,019
S&P Global, Inc.	30,122		10,385,162
The Charles Schwab Corp.	167,990		8,799,316
The Goldman Sachs Group, Inc.	20,028		6,551,359
			38,254,136
Financial services – 7.5%
Adyen NV (A)(B)	3,938		6,274,919
Affirm Holdings, Inc. (A)(C)	72,173		813,390
Block, Inc. (A)	48,823		3,351,699
Fiserv, Inc. (A)	32,800		3,707,384
Mastercard, Inc., Class A	124,968		45,414,621
Visa, Inc., Class A	252,375		56,900,468
			116,462,481
Insurance – 1.9%
Chubb, Ltd.	87,357		16,962,982
Marsh & McLennan Companies, Inc.	73,315		12,210,613
			29,173,595
			183,890,212
Health care – 13.8%
Health care equipment and supplies – 2.7%
Align Technology, Inc. (A)	7,362		2,459,939
Intuitive Surgical, Inc. (A)	93,605		23,913,269
Stryker Corp.	46,400		13,245,808
Teleflex, Inc.	10,431		2,642,277
			42,261,293
Health care providers and services – 5.5%
Elevance Health, Inc.	18,642		8,571,778
Humana, Inc.	30,733		14,919,642

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
UnitedHealth Group, Inc.	132,634	$	62,681,502
			86,172,922
Health care technology – 0.3%
Veeva Systems, Inc., Class A (A)	23,014		4,229,743
Life sciences tools and services – 2.2%
Danaher Corp.	73,024		18,404,969
Thermo Fisher Scientific, Inc.	28,847		16,626,545
			35,031,514
Pharmaceuticals – 3.1%
AstraZeneca PLC, ADR	83,568		5,800,455
Eli Lilly & Company	94,016		32,286,975
Zoetis, Inc.	62,433		10,391,349
			48,478,779
			216,174,251
Industrials – 1.5%
Aerospace and defense – 0.3%
TransDigm Group, Inc.	5,000		3,685,250
Commercial services and supplies – 0.2%
Cintas Corp.	6,555		3,032,867
Ground transportation – 0.4%
Old Dominion Freight Line, Inc.	19,500		6,646,380
Industrial conglomerates – 0.5%
General Electric Company	85,055		8,131,258
Professional services – 0.1%
TransUnion	24,044		1,494,094
			22,989,849
Information technology – 43.6%
Electronic equipment, instruments and components – 0.2%
TE Connectivity, Ltd.	27,158		3,561,772
IT services – 1.3%
MongoDB, Inc. (A)	32,999		7,692,727
Shopify, Inc., Class A (A)	178,564		8,560,358
Snowflake, Inc., Class A (A)	21,632		3,337,601
			19,590,686
Semiconductors and semiconductor equipment – 9.8%
Advanced Micro Devices, Inc. (A)	191,244		18,743,824
ASML Holding NV, NYRS	36,037		24,530,746
Lam Research Corp.	5,658		2,999,419
Marvell Technology, Inc.	132,527		5,738,419
Monolithic Power Systems, Inc.	21,610		10,816,669
NVIDIA Corp.	261,690		72,689,631
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	64,983		6,044,719
Texas Instruments, Inc.	59,434		11,055,318
			152,618,745
Software – 21.2%
Atlassian Corp., Class A (A)	43,215		7,397,112
BILL Holdings, Inc. (A)	52,409		4,252,466
Confluent, Inc., Class A (A)	76,606		1,843,906
Crowdstrike Holdings, Inc., Class A (A)	19,073		2,617,960
Datadog, Inc., Class A (A)	33,828		2,457,942
Fortinet, Inc. (A)	25,598		1,701,243
Intuit, Inc.	58,255		25,971,827
Microsoft Corp.	741,312		213,720,252
Paycom Software, Inc. (A)	5,045		1,533,730
Roper Technologies, Inc.	27,331		12,044,498
ServiceNow, Inc. (A)	80,508		37,413,678

 

26

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Synopsys, Inc. (A)		52,616	$	20,322,930
				331,277,544
Technology hardware, storage and peripherals – 11.1%
Apple, Inc.		1,052,089		173,489,476
				680,538,223
Materials – 1.2%
Chemicals – 1.2%
Linde PLC		27,355		9,723,061
The Sherwin-Williams Company		36,756		8,261,646
				17,984,707
TOTAL COMMON STOCKS (Cost $1,228,585,879)			$	1,558,866,634
CORPORATE BONDS - 0.1%
Consumer discretionary - 0.1%
Carvana Company 10.250%, 05/01/2030 (B)	$	3,865,000		2,197,643
TOTAL CORPORATE BONDS (Cost $3,865,000)			$	2,197,643
SHORT-TERM INVESTMENTS – 0.1%
Short-term funds – 0.1%
John Hancock Collateral Trust, 4.9438% (D)(E)		76,761		767,368
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (D)		503,435		503,435
T. Rowe Price Government Reserve Fund, 4.8116% (D)		906,199		906,199
TOTAL SHORT-TERM INVESTMENTS (Cost $2,177,062)			$	2,177,002
Total Investments (Blue Chip Growth Trust) (Cost $1,234,627,941) – 100.0%			$	1,563,241,279
Other assets and liabilities, net – (0.0%)				(351,921)
TOTAL NET ASSETS – 100.0%			$	1,562,889,358

Security Abbreviations and Legend
ADR	American Depositary Receipt
NYRS	New York Registry Shares
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $743,988.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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 Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.5%
Communication services – 9.5%
Entertainment – 2.1%
Netflix, Inc. (A)	22,124	$	7,643,400
ROBLOX Corp., Class A (A)	55,471		2,495,086
			10,138,486
Interactive media and services – 5.7%
Alphabet, Inc., Class A (A)	108,145		11,217,881
Alphabet, Inc., Class C (A)	106,354		11,060,816

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Meta Platforms, Inc., Class A (A)	24,639	$	5,221,990
			27,500,687
Media – 0.5%
The Trade Desk, Inc., Class A (A)	40,285		2,453,759
Wireless telecommunication services – 1.2%
T-Mobile US, Inc. (A)	41,850		6,061,554
			46,154,486
Consumer discretionary – 24.3%
Automobiles – 4.3%
Tesla, Inc. (A)	101,349		21,025,864
Broadline retail – 6.8%
Amazon.com, Inc. (A)	229,109		23,664,669
MercadoLibre, Inc. (A)	6,866		9,049,800
			32,714,469
Hotels, restaurants and leisure – 3.2%
Airbnb, Inc., Class A (A)	38,092		4,738,645
Chipotle Mexican Grill, Inc. (A)	1,627		2,779,388
Marriott International, Inc., Class A	27,980		4,645,799
McDonald's Corp.	11,997		3,354,481
			15,518,313
Specialty retail – 4.0%
O'Reilly Automotive, Inc. (A)	5,968		5,066,713
The Home Depot, Inc.	19,823		5,850,164
The TJX Companies, Inc.	82,510		6,465,484
Ulta Beauty, Inc. (A)	3,172		1,730,865
			19,113,226
Textiles, apparel and luxury goods – 6.0%
Lululemon Athletica, Inc. (A)	22,268		8,109,783
LVMH Moet Hennessy Louis Vuitton SE	16,556		15,196,890
NIKE, Inc., Class B	46,440		5,695,402
			29,002,075
			117,373,947
Consumer staples – 3.6%
Consumer staples distribution and retail – 2.1%
Costco Wholesale Corp.	20,233		10,053,171
Personal care products – 1.5%
L'Oreal SA	13,113		5,859,447
The Estee Lauder Companies, Inc., Class A	5,962		1,469,395
			7,328,842
			17,382,013
Energy – 1.4%
Energy equipment and services – 1.4%
Schlumberger, Ltd.	140,707		6,908,714
Financials – 9.8%
Capital markets – 2.3%
Moody's Corp.	7,016		2,147,036
S&P Global, Inc.	18,290		6,305,843
The Goldman Sachs Group, Inc.	7,299		2,387,576
			10,840,455
Consumer finance – 0.3%
American Express Company	8,766		1,445,952
Financial services – 7.2%
Adyen NV (A)(B)	3,604		5,742,714
Mastercard, Inc., Class A	36,307		13,194,327
Visa, Inc., Class A	71,166		16,045,086
			34,982,127
			47,268,534

 

27

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care – 13.6%
Biotechnology – 1.4%
Vertex Pharmaceuticals, Inc. (A)	20,845	$	6,567,634
Health care equipment and supplies – 2.5%
Abbott Laboratories	21,548		2,181,950
DexCom, Inc. (A)	38,914		4,521,029
Intuitive Surgical, Inc. (A)	20,808		5,315,820
			12,018,799
Health care providers and services – 1.7%
UnitedHealth Group, Inc.	17,269		8,161,157
Life sciences tools and services – 2.1%
Danaher Corp.	24,601		6,200,436
Thermo Fisher Scientific, Inc.	7,062		4,070,325
			10,270,761
Pharmaceuticals – 5.9%
AstraZeneca PLC, ADR	66,172		4,592,999
Eli Lilly & Company	37,655		12,931,480
Novo Nordisk A/S, ADR	69,174		11,008,350
			28,532,829
			65,551,180
Industrials – 2.1%
Aerospace and defense – 0.4%
Northrop Grumman Corp.	3,972		1,833,952
Ground transportation – 1.7%
Uber Technologies, Inc. (A)	258,132		8,182,784
			10,016,736
Information technology – 32.9%
IT services – 1.1%
Snowflake, Inc., Class A (A)	33,316		5,140,326
Semiconductors and semiconductor equipment – 12.4%
Advanced Micro Devices, Inc. (A)	107,736		10,559,205
ASML Holding NV, NYRS	9,998		6,805,739
Broadcom, Inc.	15,259		9,789,259
NVIDIA Corp.	118,875		33,019,909
			60,174,112
Software – 12.8%
Adobe, Inc. (A)	18,628		7,178,672
Atlassian Corp., Class A (A)	27,101		4,638,878
Cadence Design Systems, Inc. (A)	16,198		3,403,038
Crowdstrike Holdings, Inc., Class A (A)	27,231		3,737,727
Microsoft Corp.	126,997		36,613,231
Salesforce, Inc. (A)	31,576		6,308,253
			61,879,799
Technology hardware, storage and peripherals – 6.6%
Apple, Inc.	192,950		31,817,455
			159,011,692
Real estate – 1.3%
Specialized REITs – 1.3%
American Tower Corp.	31,238		6,383,173
TOTAL COMMON STOCKS (Cost $416,833,196)		$	476,050,475
PREFERRED SECURITIES – 0.9%
Consumer discretionary – 0.9%
Automobiles – 0.9%
Dr. Ing. h.c. F. Porsche AG (A)	35,669		4,578,086
TOTAL PREFERRED SECURITIES (Cost $3,306,410)		$	4,578,086

Capital Appreciation Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 0.4%
Short-term funds – 0.4%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (C)	1,924,767	$	1,924,767
TOTAL SHORT-TERM INVESTMENTS (Cost $1,924,767)		$	1,924,767
Total Investments (Capital Appreciation Trust) (Cost $422,064,373) – 99.8%		$	482,553,328
Other assets and liabilities, net – 0.2%			916,817
TOTAL NET ASSETS – 100.0%		$	483,470,145

Security Abbreviations and Legend
ADR	American Depositary Receipt
NYRS	New York Registry Shares
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.

Capital Appreciation Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 65.1%
Communication services – 2.2%
Interactive media and services – 2.2%
Alphabet, Inc., Class A (A)(B)	67,440	$	6,995,551
Meta Platforms, Inc., Class A (B)	12,231		2,592,238
			9,587,789
Consumer discretionary – 5.1%
Automobile components – 0.0%
Mobileye Global, Inc., Class A (B)(C)	6,019		260,442
Broadline retail – 2.6%
Amazon.com, Inc. (A)(B)	109,894		11,350,951
Hotels, restaurants and leisure – 2.5%
Hilton Worldwide Holdings, Inc. (A)	15,700		2,211,659
Starbucks Corp. (A)	9,000		937,170
Yum! Brands, Inc. (A)	60,020		7,927,442
			11,076,271
			22,687,664
Consumer staples – 0.5%
Beverages – 0.4%
Keurig Dr. Pepper, Inc.	53,064		1,872,098
Consumer staples distribution and retail – 0.1%
Dollar General Corp. (A)	900		189,414
			2,061,512
Energy – 1.4%
Oil, gas and consumable fuels – 1.4%
Chesapeake Energy Corp.	8,569		651,587
ConocoPhillips	9,970		989,124
EOG Resources, Inc.	23,385		2,680,623
Pioneer Natural Resources Company	10,350		2,113,884
			6,435,218
Financials – 7.4%
Banks – 2.0%
The PNC Financial Services Group, Inc.	69,488		8,831,925
Capital markets – 3.2%
CME Group, Inc. (A)	1,312		251,274
Intercontinental Exchange, Inc.	83,746		8,733,870

 

28

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
KKR & Company, Inc. (A)	78,234	$	4,108,850
S&P Global, Inc. (A)	3,113		1,073,269
			14,167,263
Financial services – 1.4%
Mastercard, Inc., Class A (A)	9,000		3,270,690
Visa, Inc., Class A (A)	13,000		2,930,980
			6,201,670
Insurance – 0.8%
Marsh & McLennan Companies, Inc. (A)	19,984		3,328,335
			32,529,193
Health care – 16.3%
Biotechnology – 1.8%
AbbVie, Inc.	44,300		7,060,091
Karuna Therapeutics, Inc. (B)	3,295		598,504
			7,658,595
Health care equipment and supplies – 4.7%
Alcon, Inc.	35,224		2,500,463
Baxter International, Inc.	42,866		1,738,645
Becton, Dickinson and Company (A)	31,187		7,720,030
GE HealthCare Technologies, Inc. (B)	29,912		2,453,681
Stryker Corp. (A)	6,106		1,743,080
Teleflex, Inc.	18,761		4,752,349
			20,908,248
Health care providers and services – 2.8%
UnitedHealth Group, Inc.	26,282		12,420,610
Life sciences tools and services – 6.4%
Avantor, Inc. (B)	244,427		5,167,187
Danaher Corp.	30,224		7,617,657
PerkinElmer, Inc.	57,613		7,677,508
Thermo Fisher Scientific, Inc.	13,761		7,931,428
			28,393,780
Pharmaceuticals – 0.6%
Eli Lilly & Company	7,700		2,644,334
			72,025,567
Industrials – 7.9%
Commercial services and supplies – 1.7%
Aurora Innovation, Inc. (B)	314,442		437,074
Republic Services, Inc.	3,641		492,336
Waste Connections, Inc.	49,051		6,821,523
			7,750,933
Industrial conglomerates – 0.6%
General Electric Company (A)	25,797		2,466,193
Machinery – 3.3%
Fortive Corp.	131,460		8,961,628
Ingersoll Rand, Inc. (A)	98,989		5,759,180
			14,720,808
Professional services – 2.3%
Equifax, Inc.	20,882		4,235,705
TransUnion (A)	94,400		5,866,016
			10,101,721
			35,039,655
Information technology – 18.6%
Electronic equipment, instruments and components – 2.0%
TE Connectivity, Ltd.	25,302		3,318,357
Teledyne Technologies, Inc. (B)	11,995		5,366,083
			8,684,440
Semiconductors and semiconductor equipment – 3.9%
NVIDIA Corp.	16,000		4,444,320
NXP Semiconductors NV (A)	41,246		7,691,348

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Texas Instruments, Inc. (A)		28,635	$	5,326,396
				17,462,064
Software – 9.4%
Black Knight, Inc. (B)		39,873		2,295,090
Intuit, Inc.		7,526		3,355,317
Microsoft Corp. (A)		87,796		25,311,583
Roper Technologies, Inc.		13,823		6,091,658
Salesforce, Inc. (A)(B)		22,157		4,426,525
				41,480,173
Technology hardware, storage and peripherals – 3.3%
Apple, Inc.		87,653		14,453,980
				82,080,657
Materials – 1.0%
Chemicals – 1.0%
Linde PLC (A)		12,551		4,461,127
Utilities – 4.7%
Electric utilities – 2.4%
Exelon Corp.		117,072		4,904,146
Xcel Energy, Inc.		87,508		5,901,540
				10,805,686
Multi-utilities – 2.3%
Ameren Corp.		83,042		7,173,998
DTE Energy Company		15,141		1,658,545
WEC Energy Group, Inc.		11,685		1,107,621
				9,940,164
				20,745,850
TOTAL COMMON STOCKS (Cost $274,831,286)			$	287,654,232
PREFERRED SECURITIES – 0.3%
Financials – 0.0%
Capital markets – 0.0%
The Charles Schwab Corp., 5.950%		1,000		23,030
Utilities – 0.3%
Electric utilities – 0.0%
SCE Trust IV, 5.375% (5.375% to 9-15-25, then 3 month LIBOR + 3.132%)		16,366		332,230
Multi-utilities – 0.3%
CMS Energy Corp., 5.875%		23,028		555,666
CMS Energy Corp., 5.875%		23,509		571,034
NiSource, Inc., 6.500% (6.500% to 3-15-24, then 5 Year CMT + 3.632%)		3,896		93,504
				1,220,204
				1,552,434
TOTAL PREFERRED SECURITIES (Cost $1,694,975)			$	1,575,464
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 9.3%
U.S. Government – 9.3%
U.S. Treasury Notes
2.750%, 08/15/2032	$	22,835,300		21,490,158
4.125%, 11/15/2032		18,425,300		19,360,960
				40,851,118
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $40,194,432)			$	40,851,118
CORPORATE BONDS - 7.9%
Communication services - 1.4%
Altice France Holding SA 10.500%, 05/15/2027 (D)		450,000		344,250

 

29

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
CCO Holdings LLC
5.000%, 02/01/2028 (D)	$	2,595,000	$	2,393,888
5.125%, 05/01/2027 (D)		2,681,000		2,533,545
5.500%, 05/01/2026 (D)		125,000		121,563
Lamar Media Corp. 3.750%, 02/15/2028		100,000		92,270
Live Nation Entertainment, Inc. 4.875%, 11/01/2024 (D)		35,000		34,300
T-Mobile USA, Inc.
2.625%, 02/15/2029		15,000		13,215
2.875%, 02/15/2031		60,000		51,758
3.375%, 04/15/2029		165,000		150,428
3.500%, 04/15/2031		700,000		629,418
4.750%, 02/01/2028		25,000		24,680
				6,389,315
Consumer discretionary - 2.3%
Cedar Fair LP
5.250%, 07/15/2029		384,000		358,003
5.375%, 04/15/2027		676,000		646,028
5.500%, 05/01/2025 (D)		410,000		409,742
6.500%, 10/01/2028		345,000		334,726
Clarios Global LP
6.250%, 05/15/2026 (D)		222,000		221,445
6.750%, 05/15/2025 (D)		147,000		148,566
8.500%, 05/15/2027 (D)		650,000		652,438
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (D)		150,000		126,563
3.750%, 05/01/2029 (D)		50,000		44,750
4.000%, 05/01/2031 (D)		125,000		109,463
4.875%, 01/15/2030		100,000		95,786
5.375%, 05/01/2025 (D)		99,000		98,814
5.750%, 05/01/2028 (D)		50,000		50,000
Hilton Worldwide Finance LLC 4.875%, 04/01/2027		50,000		49,321
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.750%, 06/01/2027 (D)		1,237,000		1,201,436
Life Time, Inc. 5.750%, 01/15/2026 (D)		365,000		354,570
Marriott International, Inc. 3.125%, 06/15/2026		570,000		538,436
Mattel, Inc.
3.375%, 04/01/2026 (D)		100,000		94,134
3.750%, 04/01/2029 (D)		100,000		89,848
5.875%, 12/15/2027 (D)		100,000		99,500
Service Corp. International 3.375%, 08/15/2030		100,000		85,250
Six Flags Entertainment Corp.
4.875%, 07/31/2024 (D)		1,405,000		1,383,928
5.500%, 04/15/2027 (D)		1,061,000		1,028,226
Six Flags Theme Parks, Inc. 7.000%, 07/01/2025 (D)		249,000		251,573
Vail Resorts, Inc. 6.250%, 05/15/2025 (D)		50,000		50,117
Yum! Brands, Inc.
3.625%, 03/15/2031		150,000		131,700
4.625%, 01/31/2032		400,000		372,000
4.750%, 01/15/2030 (D)		127,000		121,335
5.350%, 11/01/2043		579,000		489,122
5.375%, 04/01/2032		364,000		352,363
6.875%, 11/15/2037		367,000		387,738
				10,376,921

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials - 2.1%
Acrisure LLC 7.000%, 11/15/2025 (D)	$	302,000	$	283,040
Alliant Holdings Intermediate LLC
4.250%, 10/15/2027 (D)		75,000		67,177
5.875%, 11/01/2029 (D)		75,000		63,247
6.750%, 10/15/2027 to 04/15/2028 (D)		2,144,000		2,078,047
AmWINS Group, Inc. 4.875%, 06/30/2029 (D)		135,000		119,475
BroadStreet Partners, Inc. 5.875%, 04/15/2029 (D)		58,000		49,052
HUB International, Ltd.
5.625%, 12/01/2029 (D)		165,000		143,760
7.000%, 05/01/2026 (D)		2,768,000		2,720,412
Intercontinental Exchange, Inc. 4.000%, 09/15/2027		59,000		58,287
MSCI, Inc.
3.250%, 08/15/2033 (D)		230,000		188,358
3.625%, 09/01/2030 to 11/01/2031 (D)		1,913,000		1,651,837
3.875%, 02/15/2031 (D)		599,000		533,170
4.000%, 11/15/2029 (D)		386,000		352,188
State Street Corp. 8.463%, (3 month LIBOR + 3.597%), 06/15/2023 (E)(F)		145,000		143,906
USI, Inc. 6.875%, 05/01/2025 (D)		799,000		787,015
				9,238,971
Health care - 0.6%
Avantor Funding, Inc.
3.875%, 11/01/2029 (D)		500,000		447,500
4.625%, 07/15/2028 (D)		575,000		544,813
Charles River Laboratories International, Inc.
3.750%, 03/15/2029 (D)		139,000		123,398
4.000%, 03/15/2031 (D)		36,000		31,500
4.250%, 05/01/2028 (D)		42,000		39,307
Hadrian Merger Sub, Inc. 8.500%, 05/01/2026 (D)		372,000		305,040
Hologic, Inc. 3.250%, 02/15/2029 (D)		93,000		82,739
IQVIA, Inc. 5.000%, 05/15/2027 (D)		200,000		196,518
PRA Health Sciences, Inc. 2.875%, 07/15/2026 (D)		200,000		184,482
Surgery Center Holdings, Inc. 10.000%, 04/15/2027 (D)		241,000		245,725
Teleflex, Inc. 4.625%, 11/15/2027		285,000		278,381
				2,479,403
Industrials - 1.1%
Booz Allen Hamilton, Inc.
3.875%, 09/01/2028 (D)		361,000		329,427
4.000%, 07/01/2029 (D)		147,000		132,655
Delta Air Lines, Inc. 4.750%, 10/20/2028 (D)		390,000		376,160
General Electric Company 8.196%, (3 month LIBOR + 3.330%), 06/15/2023 (E)(F)		1,146,000		1,144,854
GFL Environmental, Inc.
4.375%, 08/15/2029 (D)		32,000		28,646
4.750%, 06/15/2029 (D)		64,000		59,782
Howmet Aerospace, Inc.
3.000%, 01/15/2029		692,000		613,527
5.900%, 02/01/2027		29,000		29,505
Korn Ferry 4.625%, 12/15/2027 (D)		90,000		85,050

 

30

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Lennox International, Inc. 3.000%, 11/15/2023	$	515,000	$	507,504
Mileage Plus Holdings LLC 6.500%, 06/20/2027 (D)		238,014		237,247
Sensata Technologies BV
4.000%, 04/15/2029 (D)		200,000		180,695
5.000%, 10/01/2025 (D)		325,000		322,619
5.625%, 11/01/2024 (D)		90,000		89,732
5.875%, 09/01/2030 (D)		200,000		198,250
Sensata Technologies, Inc.
3.750%, 02/15/2031 (D)		100,000		87,500
4.375%, 02/15/2030 (D)		50,000		45,558
TransDigm, Inc.
5.500%, 11/15/2027		110,000		103,720
6.250%, 03/15/2026 (D)		125,000		125,114
6.375%, 06/15/2026		50,000		48,875
United Airlines 2012-1 Class A Pass Through Trust 4.150%, 04/11/2024		133,106		130,283
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		65,680		65,057
US Airways 2012-2 Class A Pass Through Trust 4.625%, 06/03/2025		10,734		10,048
US Airways 2013-1 Class A Pass Through Trust 3.950%, 11/15/2025		110,958		104,235
				5,056,043
Information technology - 0.2%
Black Knight InfoServ LLC 3.625%, 09/01/2028 (D)		50,000		45,438
Clarivate Science Holdings Corp.
3.875%, 07/01/2028 (D)		102,000		91,032
4.875%, 07/01/2029 (D)		80,000		72,350
Crowdstrike Holdings, Inc. 3.000%, 02/15/2029		24,000		20,945
Entegris Escrow Corp. 4.750%, 04/15/2029 (D)		453,000		428,267
Gartner, Inc.
3.625%, 06/15/2029 (D)		100,000		89,231
3.750%, 10/01/2030 (D)		50,000		44,881
4.500%, 07/01/2028 (D)		50,000		47,460
				839,604
Real estate - 0.1%
SBA Communications Corp.
3.125%, 02/01/2029		175,000		152,240
3.875%, 02/15/2027		195,000		184,087
				336,327
Utilities - 0.1%
NiSource, Inc. 5.650%, (5.650% to 6-15-23, then 5 Year CMT + 2.843%), 06/15/2023 (E)		439,000		412,660
TOTAL CORPORATE BONDS (Cost $36,008,530)			$	35,129,244
CONVERTIBLE BONDS - 0.1%
Communication services - 0.1%
Spotify USA, Inc. 6.110%, 03/15/2026 (G)		410,000		343,170
TOTAL CONVERTIBLE BONDS (Cost $370,898)			$	343,170

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (H) – 10.7%
Communication services – 0.2%
Charter Communications Operating LLC, 2019 Term Loan B1 (1 month LIBOR + 1.750%) 6.557%, 04/30/2025	$	466,964		466,380
Charter Communications Operating LLC, 2019 Term Loan B2 (1 month SOFR + 1.750%) 6.557%, 02/01/2027		266,839		264,045
SBA Senior Finance II LLC, 2018 Term Loan B TBD 04/11/2025 (I)		174,105		173,870
				904,295
Consumer discretionary – 0.4%
Hilton Worldwide Finance LLC, 2019 Term Loan B2 (1 month SOFR + 1.750%) 6.642%, 06/22/2026		190,938		190,619
IRB Holding Corp., 2022 Term Loan B (1 month SOFR + 3.000%) 7.737%, 12/15/2027		1,052,065		1,032,781
IRB Holding Corp., 2023 Term Loan B3 TBD 12/15/2027 (I)		526,058		516,415
Woof Holdings, Inc., 1st Lien Term Loan (1 month LIBOR + 3.750%) 8.529%, 12/21/2027		196,000		187,180
				1,926,995
Consumer staples – 0.3%
Sunshine Luxembourg VII Sarl, 2021 Term Loan B3 (3 month LIBOR + 3.750%) 8.909%, 10/01/2026		1,270,512		1,257,019
Financials – 4.1%
Alliant Holdings Intermediate LLC, 2021 Term Loan B4 (1 month LIBOR + 3.500%) 8.279%, 11/06/2027		1,472,020		1,453,060
Alliant Holdings Intermediate LLC, 2023 Term Loan B5 (1 month SOFR + 3.500%) 8.347%, 11/05/2027		728,809		719,284
Howden Group Holdings, Ltd., 2021 Term Loan B (1 month LIBOR + 3.250%) 8.090%, 11/12/2027		1,429,632		1,410,489
HUB International, Ltd., 2018 Term Loan B (3 month LIBOR + 3.000%) 8.159%, 04/25/2025		7,038,063		7,008,996
HUB International, Ltd., 2021 Term Loan B (3 month LIBOR + 3.250%) 8.058%, 04/25/2025		4,555,750		4,540,306
HUB International, Ltd., 2022 Term Loan B (3 month SOFR + 4.000%) 8.728%, 11/10/2029		407,035		405,358
Ryan Specialty Group LLC, Term Loan (1 month SOFR + 3.000%) 7.907%, 09/01/2027		263,397		262,409
USI, Inc., 2019 Incremental Term Loan B (3 month LIBOR + 3.250%) 8.409%, 12/02/2026		811,333		809,304
USI, Inc., 2022 Incremental Term Loan (3 month SOFR + 3.750%) 8.648%, 11/22/2029		1,503,510		1,496,263
				18,105,469
Health care – 1.4%
ADMI Corp., 2021 Incremental Term Loan B3 (1 month LIBOR + 3.750%) 8.590%, 12/23/2027		1,049,025		971,659
ADMI Corp., 2021 Term Loan B2 (1 month LIBOR + 3.375%) 8.215%, 12/23/2027		578,200		533,869

 

31

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (H)(continued)
Health care (continued)
athenahealth, Inc., 2022 Term Loan B (1 month SOFR + 3.500%) 8.259%, 02/15/2029	$	666,450		623,130
Heartland Dental LLC, 2018 1st Lien Term Loan (1 month LIBOR + 3.750%) 8.590%, 04/30/2025		1,591,946		1,485,620
Heartland Dental LLC, 2021 Incremental Term Loan (1 month LIBOR + 4.000%) 8.840%, 04/30/2025		147,375		138,379
Loire Finco Luxembourg Sarl, Term Loan (1 month LIBOR + 3.000%) 7.840%, 04/21/2027		1,133,360		1,080,942
Medline Borrower LP, USD Term Loan B (1 month LIBOR + 3.250%) 8.090%, 10/23/2028		231,357		225,321
PetVet Care Centers LLC, 2018 1st Lien Term Loan (1 month LIBOR + 2.750%) 7.590%, 02/14/2025		82,609		79,057
PetVet Care Centers LLC, 2018 2nd Lien Term Loan (1 month LIBOR + 6.250%) 11.090%, 02/13/2026		25,000		22,025
PetVet Care Centers LLC, 2018 Incremental Term Loan (1 month LIBOR + 3.250%) 8.090%, 02/14/2025		195,524		187,703
PetVet Care Centers LLC, 2021 Term Loan B3 (1 month LIBOR + 3.500%) 8.340%, 02/14/2025		754,496		726,957
				6,074,662
Industrials – 1.8%
Filtration Group Corp., 2018 1st Lien Term Loan (1 month LIBOR + 3.000%) 7.840%, 03/29/2025		323,132		321,869
Filtration Group Corp., 2018 EUR Term Loan (1 month EURIBOR + 3.500%) 6.405%, 03/29/2025	EUR	508,823		546,300
Filtration Group Corp., 2021 Incremental Term Loan (1 month LIBOR + 3.500%) 8.340%, 10/21/2028	$	201,925		198,644
Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) 10.213%, 06/21/2027		4,597,288		4,764,537
SkyMiles IP, Ltd., 2020 Skymiles Term Loan B (3 month LIBOR + 3.750%) 8.558%, 10/20/2027		1,880,681		1,946,279
				7,777,629
Information technology – 2.5%
Applied Systems, Inc., 2021 2nd Lien Term Loan (3 month SOFR + 6.750%) 11.626%, 09/17/2027		164,028		163,741
Applied Systems, Inc., 2022 Extended 1st Lien Term Loan (3 month SOFR + 4.500%) 9.376%, 09/18/2026		1,195,962		1,192,542
Ascend Learning LLC, 2021 Term Loan (1 month SOFR + 3.500%) 8.306%, 12/11/2028		968,347		892,089
Azalea TopCo, Inc., 2021 Term Loan B (1 month LIBOR + 3.750%) 8.590%, 07/24/2026		24,563		22,905
Azalea TopCo, Inc., Term Loan (1 month LIBOR + 3.500%) 8.340%, 07/24/2026		963,389		897,763
Celestial Saturn Parent, Inc., 2nd Lien Term Loan (1 month LIBOR + 6.500%) 11.375%, 06/04/2029		33,903		24,940

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (H)(continued)
Information technology (continued)
Entegris, Inc., 2022 Term Loan B (1 and 3 month SOFR + 2.750%) 7.589%, 07/06/2029	$	1,573,888		1,573,227
RealPage, Inc., 1st Lien Term Loan (1 month LIBOR + 3.000%) 7.840%, 04/24/2028		1,403,625		1,359,102
RealPage, Inc., 2nd Lien Term Loan (1 month LIBOR + 6.500%) 11.340%, 04/23/2029		75,000		70,594
Sophia LP, 2021 Term Loan B (3 month LIBOR + 3.500%) 8.659%, 10/07/2027		295,500		291,623
UKG, Inc., 2021 2nd Lien Term Loan (3 month LIBOR + 5.250%) 10.032%, 05/03/2027		209,963		200,620
UKG, Inc., 2021 Term Loan (3 month LIBOR + 3.250%) 8.032%, 05/04/2026		4,560,655		4,437,380
				11,126,526
TOTAL TERM LOANS (Cost $47,810,596)			$	47,172,595
ASSET BACKED SECURITIES - 0.1%
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (D)		329,650	$	311,029
Domino's Pizza Master Issuer LLC Series 2019-1A, Class A2 3.668%, 10/25/2049 (D)		208,550		185,530
TOTAL ASSET BACKED SECURITIES (Cost $535,209)			$	496,559
SHORT-TERM INVESTMENTS – 6.9%
Short-term funds – 6.4%
John Hancock Collateral Trust, 4.9438% (J)(K)		25,049		250,409
T. Rowe Price Government Reserve Fund, 4.8116% (J)		28,284,489		28,284,489
				28,534,898
Repurchase agreement – 0.5%
Repurchase Agreement with State Street Corp. dated 3-31-23 at 1.440% to be repurchased at $2,085,250 on 4-3-23, collateralized by $2,136,200 U.S. Treasury Notes, 3.875% due 3-31-25 (valued at $2,126,771)	$	2,085,000		2,085,000
TOTAL SHORT-TERM INVESTMENTS (Cost $30,619,875)			$	30,619,898
Total Investments (Capital Appreciation Value Trust) (Cost $432,065,801) – 100.4%			$	443,842,280
Other assets and liabilities, net – (0.4%)				(1,975,911)
TOTAL NET ASSETS – 100.0%			$	441,866,369

Currency Abbreviations
EUR	Euro

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offered Rate
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
(A)	All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B)	Non-income producing security.
(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $245,558.

 

32

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value 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.
(E)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(G)	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.

Capital Appreciation Value Trust (continued)

(H)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(I)	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).
(J)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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

WRITTEN OPTIONS

Options on securities
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls
CITI	AbbVie, Inc.	USD	155.00	Jan 2024	18	1,800	$18,943	$(27,351)
CITI	AbbVie, Inc.	USD	155.00	Jan 2024	19	1,900	18,278	(28,870)
CITI	AbbVie, Inc.	USD	160.00	Jan 2024	18	1,800	15,151	(22,261)
CITI	AbbVie, Inc.	USD	160.00	Jan 2024	19	1,900	14,478	(23,498)
CITI	AbbVie, Inc.	USD	170.00	Jan 2024	46	4,600	26,163	(35,523)
JPM	AbbVie, Inc.	USD	175.00	Jan 2024	23	2,300	11,655	(13,617)
JPM	AbbVie, Inc.	USD	180.00	Jan 2024	11	1,100	10,948	(4,892)
JPM	AbbVie, Inc.	USD	185.00	Jan 2024	11	1,100	9,136	(3,600)
JPM	AbbVie, Inc.	USD	195.00	Jan 2024	11	1,100	6,168	(1,843)
JPM	AbbVie, Inc.	USD	200.00	Jan 2024	11	1,100	5,016	(1,284)
CITI	Alphabet, Inc., Class A	USD	102.50	Jan 2024	31	3,100	24,005	(44,830)
WFB	Alphabet, Inc., Class A	USD	120.00	Jan 2024	108	10,800	85,221	(71,725)
WFB	Amazon.com, Inc.	USD	107.50	Jan 2024	35	3,500	24,267	(46,741)
WFB	Amazon.com, Inc.	USD	110.00	Jan 2024	35	3,500	22,144	(42,687)
WFB	Amazon.com, Inc.	USD	110.00	Jan 2024	36	3,600	39,065	(43,907)
WFB	Amazon.com, Inc.	USD	115.00	Jan 2024	35	3,500	18,159	(35,330)
WFB	Amazon.com, Inc.	USD	115.00	Jan 2024	36	3,600	32,394	(36,340)
WFB	Amazon.com, Inc.	USD	115.00	Jan 2024	66	6,600	58,938	(66,622)
WFB	Amazon.com, Inc.	USD	120.00	Jan 2024	35	3,500	26,058	(28,945)
WFB	Amazon.com, Inc.	USD	135.00	Jan 2024	59	5,900	55,133	(25,417)
JPM	Apple, Inc.	USD	145.00	Jan 2024	29	2,900	33,575	(93,404)
JPM	Apple, Inc.	USD	150.00	Jan 2024	29	2,900	28,626	(83,124)
JPM	Apple, Inc.	USD	150.00	Jan 2024	29	2,900	41,297	(83,124)
JPM	Apple, Inc.	USD	155.00	Jan 2024	29	2,900	24,262	(73,365)
JPM	Apple, Inc.	USD	155.00	Jan 2024	29	2,900	34,829	(73,365)
JPM	Apple, Inc.	USD	180.00	Jan 2024	44	4,400	44,464	(51,408)
GSI	Becton, Dickinson and Company	USD	270.00	Jan 2024	17	1,700	25,279	(20,293)
GSI	Becton, Dickinson and Company	USD	280.00	Jan 2024	18	1,800	20,106	(15,546)
GSI	Becton, Dickinson and Company	USD	290.00	Jan 2024	6	600	8,834	(3,679)
GSI	Becton, Dickinson and Company	USD	290.00	Jan 2024	5	500	3,232	(3,066)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2024	6	600	7,040	(2,579)
GSI	Becton, Dickinson and Company	USD	300.00	Jan 2024	5	500	2,310	(2,149)
WFB	CME Group, Inc.	USD	190.00	Jan 2024	4	400	5,235	(7,278)
WFB	CME Group, Inc.	USD	200.00	Jan 2024	4	400	3,610	(5,186)
WFB	CME Group, Inc.	USD	210.00	Jan 2024	5	500	2,781	(4,420)
JPM	Danaher Corp.	USD	290.00	Jan 2024	6	600	15,652	(6,936)
JPM	Danaher Corp.	USD	290.00	Jan 2024	23	2,300	37,410	(26,589)
JPM	Danaher Corp.	USD	300.00	Jan 2024	6	600	13,245	(5,287)
JPM	Danaher Corp.	USD	310.00	Jan 2024	6	600	11,079	(3,984)
JPM	Danaher Corp.	USD	320.00	Jan 2024	6	600	9,332	(2,977)
WFB	Dollar General Corp.	USD	250.00	Jan 2024	5	500	10,885	(3,087)
WFB	Dollar General Corp.	USD	270.00	Jan 2024	4	400	5,428	(1,149)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	4	400	9,953	(6,712)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	3	300	7,076	(5,034)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	2	200	5,025	(3,356)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	1	100	3,174	(1,678)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	3	300	4,498	(5,034)
CITI	Equifax, Inc.	USD	220.00	Dec 2023	5	500	7,860	(7,860)

33

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
CITI	Equifax, Inc.	USD	230.00	Dec 2023	4	400	$8,272	$(5,209)
CITI	Equifax, Inc.	USD	230.00	Dec 2023	3	300	5,858	(3,907)
CITI	Equifax, Inc.	USD	230.00	Dec 2023	2	200	4,180	(2,605)
CITI	Equifax, Inc.	USD	230.00	Dec 2023	1	100	2,699	(1,302)
CITI	Equifax, Inc.	USD	240.00	Dec 2023	4	400	6,812	(3,996)
CITI	Equifax, Inc.	USD	240.00	Dec 2023	3	300	4,805	(2,997)
CITI	Equifax, Inc.	USD	240.00	Dec 2023	2	200	3,444	(1,998)
CITI	Equifax, Inc.	USD	240.00	Dec 2023	1	100	2,235	(999)
CITI	Equifax, Inc.	USD	240.00	Dec 2023	23	2,300	39,053	(22,975)
JPM	Exelon Corp.	USD	45.00	Jan 2024	40	4,000	8,880	(9,385)
JPM	Exelon Corp.	USD	45.00	Jan 2024	78	7,800	14,430	(18,302)
JPM	Exelon Corp.	USD	45.00	Jan 2024	43	4,300	7,181	(10,089)
JPM	Exelon Corp.	USD	47.00	Jan 2024	40	4,000	6,080	(6,507)
JPM	Exelon Corp.	USD	50.00	Jan 2024	45	4,500	8,759	(3,975)
CITI	Fortive Corp.	USD	75.00	Jun 2023	12	1,200	1,660	(1,121)
CITI	Fortive Corp.	USD	75.00	Jun 2023	11	1,100	1,402	(1,028)
WFB	General Electric Company	USD	90.00	Jan 2024	11	1,100	8,149	(17,502)
WFB	General Electric Company	USD	90.00	Jan 2024	28	2,800	19,243	(44,551)
WFB	General Electric Company	USD	95.00	Jan 2024	11	1,100	6,011	(14,290)
WFB	General Electric Company	USD	95.00	Jan 2024	28	2,800	14,083	(36,374)
WFB	Hilton Worldwide Holdings, Inc.	USD	140.00	Jan 2024	3	300	4,037	(5,362)
WFB	Hilton Worldwide Holdings, Inc.	USD	140.00	Jan 2024	2	200	3,649	(3,575)
WFB	Hilton Worldwide Holdings, Inc.	USD	145.00	Jan 2024	28	2,800	46,536	(42,471)
WFB	Hilton Worldwide Holdings, Inc.	USD	145.00	Jan 2024	3	300	3,496	(4,550)
WFB	Hilton Worldwide Holdings, Inc.	USD	145.00	Jan 2024	2	200	3,137	(3,034)
WFB	Hilton Worldwide Holdings, Inc.	USD	150.00	Jan 2024	27	2,700	40,284	(34,377)
WFB	Hilton Worldwide Holdings, Inc.	USD	150.00	Jan 2024	3	300	3,015	(3,820)
WFB	Hilton Worldwide Holdings, Inc.	USD	150.00	Jan 2024	2	200	2,635	(2,546)
WFB	Hilton Worldwide Holdings, Inc.	USD	155.00	Jan 2024	3	300	2,564	(3,176)
WFB	Hilton Worldwide Holdings, Inc.	USD	155.00	Jan 2024	2	200	2,233	(2,117)
GSI	Ingersoll Rand, Inc.	USD	60.00	Dec 2023	12	1,200	4,365	(7,161)
GSI	Ingersoll Rand, Inc.	USD	60.00	Dec 2023	12	1,200	5,357	(7,161)
CITI	Intercontinental Exchange, Inc.	USD	110.00	Jan 2024	29	2,900	17,968	(21,349)
CITI	Intercontinental Exchange, Inc.	USD	110.00	Jan 2024	29	2,900	18,022	(21,349)
CITI	Keurig Dr. Pepper, Inc.	USD	37.00	Jan 2024	31	3,100	5,487	(5,824)
CITI	Keurig Dr. Pepper, Inc.	USD	40.00	Jan 2024	31	3,100	2,449	(2,508)
UBS	KKR & Company, Inc.	USD	55.00	Jan 2024	29	2,900	15,922	(17,582)
WFB	Linde PLC	USD	390.00	Jan 2024	5	500	8,486	(10,115)
GSI	Marsh & McLennan Companies, Inc.	USD	185.00	Jul 2023	2	200	866	(312)
GSI	Marsh & McLennan Companies, Inc.	USD	185.00	Jul 2023	7	700	3,666	(1,091)
GSI	Marsh & McLennan Companies, Inc.	USD	185.00	Jul 2023	8	800	3,000	(1,247)
GSI	Marsh & McLennan Companies, Inc.	USD	190.00	Jul 2023	2	200	663	(173)
GSI	Marsh & McLennan Companies, Inc.	USD	190.00	Jul 2023	7	700	2,829	(606)
GSI	Marsh & McLennan Companies, Inc.	USD	190.00	Jul 2023	8	800	1,893	(692)
GSI	Marsh & McLennan Companies, Inc.	USD	195.00	Jul 2023	2	200	401	(93)
GSI	Marsh & McLennan Companies, Inc.	USD	195.00	Jul 2023	7	700	1,767	(325)
GSI	Marsh & McLennan Companies, Inc.	USD	195.00	Jul 2023	8	800	1,031	(371)
GSI	Marsh & McLennan Companies, Inc.	USD	200.00	Jul 2023	2	200	359	(49)
GSI	Marsh & McLennan Companies, Inc.	USD	200.00	Jul 2023	7	700	1,529	(171)
GSI	Marsh & McLennan Companies, Inc.	USD	200.00	Jul 2023	8	800	470	(195)
GSI	Marsh & McLennan Companies, Inc.	USD	180.00	Jan 2024	23	2,300	10,971	(19,032)
GSI	Mastercard, Inc., Class A	USD	380.00	Jan 2024	5	500	18,370	(15,120)
GSI	Mastercard, Inc., Class A	USD	380.00	Jan 2024	5	500	23,912	(15,120)
GSI	Mastercard, Inc., Class A	USD	400.00	Jan 2024	5	500	14,225	(10,602)
GSI	Mastercard, Inc., Class A	USD	400.00	Jan 2024	5	500	18,905	(10,602)
GSI	Mastercard, Inc., Class A	USD	400.00	Jan 2024	17	1,700	31,554	(36,048)
GSI	Mastercard, Inc., Class A	USD	420.00	Jan 2024	5	500	10,973	(7,080)
GSI	Mastercard, Inc., Class A	USD	420.00	Jan 2024	5	500	14,386	(7,080)
GSI	Mastercard, Inc., Class A	USD	430.00	Jan 2024	5	500	9,644	(5,682)
GSI	Mastercard, Inc., Class A	USD	430.00	Jan 2024	5	500	12,514	(5,682)
UBS	Microsoft Corp.	USD	275.00	Jan 2024	21	2,100	34,919	(86,230)
UBS	Microsoft Corp.	USD	290.00	Jan 2024	21	2,100	24,889	(67,749)
JPM	Microsoft Corp.	USD	300.00	Jan 2024	44	4,400	68,741	(118,931)
JPM	Microsoft Corp.	USD	300.00	Jan 2024	42	4,200	67,078	(113,525)

34

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
UBS	Microsoft Corp.	USD	300.00	Jan 2024	21	2,100	$19,599	$(56,762)
WFB	NXP Semiconductors NV	USD	170.00	Jan 2024	1	100	2,129	(3,454)
WFB	NXP Semiconductors NV	USD	170.00	Jan 2024	8	800	18,860	(27,636)
WFB	NXP Semiconductors NV	USD	170.00	Jan 2024	9	900	22,091	(31,090)
WFB	NXP Semiconductors NV	USD	180.00	Jan 2024	1	100	1,739	(2,874)
WFB	NXP Semiconductors NV	USD	180.00	Jan 2024	8	800	15,917	(22,993)
WFB	NXP Semiconductors NV	USD	180.00	Jan 2024	9	900	18,738	(25,867)
WFB	NXP Semiconductors NV	USD	180.00	Jan 2024	17	1,700	39,946	(48,861)
WFB	NXP Semiconductors NV	USD	185.00	Jan 2024	1	100	1,569	(2,608)
WFB	NXP Semiconductors NV	USD	185.00	Jan 2024	8	800	14,445	(20,862)
WFB	NXP Semiconductors NV	USD	185.00	Jan 2024	9	900	16,993	(23,470)
WFB	NXP Semiconductors NV	USD	185.00	Jan 2024	17	1,700	35,429	(44,332)
WFB	NXP Semiconductors NV	USD	195.00	Jan 2024	1	100	1,274	(2,123)
WFB	NXP Semiconductors NV	USD	195.00	Jan 2024	8	800	11,341	(16,986)
WFB	NXP Semiconductors NV	USD	195.00	Jan 2024	9	900	13,415	(19,109)
WFB	NXP Semiconductors NV	USD	195.00	Jan 2024	17	1,700	28,635	(36,095)
WFB	NXP Semiconductors NV	USD	200.00	Jan 2024	23	2,300	37,049	(43,815)
CITI	PerkinElmer, Inc.	USD	155.00	Jun 2023	3	300	1,768	(384)
CITI	PerkinElmer, Inc.	USD	165.00	Jun 2023	3	300	972	(155)
CITI	PerkinElmer, Inc.	USD	170.00	Jun 2023	3	300	695	(103)
CITI	PerkinElmer, Inc.	USD	175.00	Jun 2023	3	300	495	(71)
CITI	PerkinElmer, Inc.	USD	155.00	Sep 2023	3	300	2,456	(1,255)
CITI	PerkinElmer, Inc.	USD	155.00	Sep 2023	11	1,100	7,586	(4,601)
CITI	PerkinElmer, Inc.	USD	165.00	Sep 2023	3	300	1,458	(712)
CITI	PerkinElmer, Inc.	USD	165.00	Sep 2023	11	1,100	4,298	(2,610)
CITI	PerkinElmer, Inc.	USD	170.00	Sep 2023	3	300	1,124	(537)
CITI	PerkinElmer, Inc.	USD	170.00	Sep 2023	11	1,100	3,138	(1,970)
CITI	PerkinElmer, Inc.	USD	175.00	Sep 2023	3	300	851	(408)
CITI	PerkinElmer, Inc.	USD	175.00	Sep 2023	11	1,100	2,364	(1,497)
CITI	Roper Technologies, Inc.	USD	470.00	Aug 2023	11	1,100	8,705	(14,571)
CITI	Roper Technologies, Inc.	USD	480.00	Aug 2023	3	300	5,813	(2,943)
CITI	Roper Technologies, Inc.	USD	500.00	Aug 2023	3	300	3,832	(1,474)
CITI	Roper Technologies, Inc.	USD	520.00	Aug 2023	3	300	2,427	(653)
CITI	Roper Technologies, Inc.	USD	540.00	Aug 2023	3	300	1,466	(257)
BOA	S&P Global, Inc.	USD	370.00	Jan 2024	1	100	3,045	(2,596)
BOA	S&P Global, Inc.	USD	370.00	Jan 2024	1	100	3,251	(2,596)
BOA	S&P Global, Inc.	USD	370.00	Jan 2024	1	100	4,361	(2,596)
BOA	S&P Global, Inc.	USD	390.00	Jan 2024	1	100	2,319	(1,833)
BOA	S&P Global, Inc.	USD	390.00	Jan 2024	1	100	2,492	(1,833)
BOA	S&P Global, Inc.	USD	390.00	Jan 2024	1	100	3,430	(1,833)
BOA	S&P Global, Inc.	USD	400.00	Jan 2024	1	100	2,019	(1,522)
BOA	S&P Global, Inc.	USD	400.00	Jan 2024	1	100	2,182	(1,522)
BOA	S&P Global, Inc.	USD	400.00	Jan 2024	1	100	2,800	(1,522)
BOA	S&P Global, Inc.	USD	410.00	Jan 2024	2	200	4,759	(2,507)
BOA	S&P Global, Inc.	USD	420.00	Jan 2024	1	100	1,474	(1,025)
BOA	S&P Global, Inc.	USD	420.00	Jan 2024	1	100	1,623	(1,025)
BOA	S&P Global, Inc.	USD	420.00	Jan 2024	1	100	2,019	(1,025)
BOA	S&P Global, Inc.	USD	430.00	Jan 2024	2	200	3,481	(1,663)
BOA	S&P Global, Inc.	USD	450.00	Jan 2024	2	200	2,509	(1,075)
BOA	S&P Global, Inc.	USD	470.00	Jan 2024	2	200	1,711	(681)
GSI	Salesforce, Inc.	USD	160.00	Jan 2024	15	1,500	25,322	(81,101)
GSI	Salesforce, Inc.	USD	165.00	Jan 2024	15	1,500	22,584	(75,528)
GSI	Salesforce, Inc.	USD	165.00	Jan 2024	14	1,400	29,774	(70,492)
GSI	Salesforce, Inc.	USD	170.00	Jan 2024	14	1,400	26,709	(65,458)
GSI	Starbucks Corp.	USD	100.00	Jan 2024	34	3,400	36,680	(45,427)
GSI	Starbucks Corp.	USD	105.00	Jan 2024	34	3,400	30,193	(35,680)
WFB	Stryker Corp.	USD	270.00	Jan 2024	3	300	7,207	(12,151)
WFB	Stryker Corp.	USD	270.00	Jan 2024	2	200	5,258	(8,101)
WFB	Stryker Corp.	USD	270.00	Jan 2024	5	500	15,792	(20,252)
WFB	Stryker Corp.	USD	280.00	Jan 2024	3	300	5,855	(10,238)
WFB	Stryker Corp.	USD	280.00	Jan 2024	2	200	4,449	(6,825)
WFB	Stryker Corp.	USD	280.00	Jan 2024	5	500	12,786	(17,063)
WFB	Stryker Corp.	USD	290.00	Jan 2024	3	300	4,684	(8,487)
WFB	Stryker Corp.	USD	290.00	Jan 2024	2	200	3,656	(5,658)

35

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
WFB	Stryker Corp.	USD	290.00	Jan 2024	5	500	$9,781	$(14,145)
WFB	Stryker Corp.	USD	300.00	Jan 2024	3	300	3,842	(6,912)
WFB	Stryker Corp.	USD	300.00	Jan 2024	2	200	3,044	(4,608)
WFB	Stryker Corp.	USD	300.00	Jan 2024	5	500	8,025	(11,520)
WFB	Stryker Corp.	USD	310.00	Jan 2024	8	800	11,100	(14,772)
JPM	TE Connectivity, Ltd.	USD	125.00	Jul 2023	9	900	5,810	(10,275)
JPM	TE Connectivity, Ltd.	USD	130.00	Jul 2023	9	900	4,230	(7,395)
JPM	TE Connectivity, Ltd.	USD	130.00	Jul 2023	8	800	3,970	(6,574)
JPM	TE Connectivity, Ltd.	USD	135.00	Jul 2023	9	900	3,027	(5,046)
JPM	TE Connectivity, Ltd.	USD	135.00	Jul 2023	8	800	2,371	(4,485)
JPM	TE Connectivity, Ltd.	USD	140.00	Jul 2023	9	900	2,196	(3,266)
JPM	TE Connectivity, Ltd.	USD	140.00	Jul 2023	8	800	1,572	(2,904)
JPM	Teledyne Technologies, Inc.	USD	440.00	Jun 2023	1	100	1,787	(2,595)
JPM	Teledyne Technologies, Inc.	USD	440.00	Jun 2023	1	100	2,077	(2,595)
JPM	Teledyne Technologies, Inc.	USD	460.00	Jun 2023	1	100	1,052	(1,518)
JPM	Teledyne Technologies, Inc.	USD	460.00	Jun 2023	1	100	1,202	(1,518)
JPM	Teledyne Technologies, Inc.	USD	480.00	Jun 2023	1	100	547	(752)
JPM	Teledyne Technologies, Inc.	USD	480.00	Jun 2023	1	100	607	(752)
JPM	Teledyne Technologies, Inc.	USD	500.00	Jun 2023	1	100	250	(305)
JPM	Teledyne Technologies, Inc.	USD	500.00	Jun 2023	1	100	270	(305)
BOA	Texas Instruments, Inc.	USD	180.00	Jan 2024	11	1,100	18,529	(25,081)
BOA	Texas Instruments, Inc.	USD	180.00	Jan 2024	11	1,100	20,899	(25,081)
BOA	Texas Instruments, Inc.	USD	190.00	Jan 2024	11	1,100	14,221	(19,079)
BOA	Texas Instruments, Inc.	USD	190.00	Jan 2024	11	1,100	15,945	(19,079)
BOA	Texas Instruments, Inc.	USD	195.00	Jan 2024	11	1,100	12,354	(16,437)
BOA	Texas Instruments, Inc.	USD	195.00	Jan 2024	11	1,100	13,770	(16,437)
BOA	Texas Instruments, Inc.	USD	200.00	Jan 2024	11	1,100	10,690	(14,047)
BOA	Texas Instruments, Inc.	USD	200.00	Jan 2024	11	1,100	11,651	(14,047)
BOA	Texas Instruments, Inc.	USD	200.00	Jan 2024	44	4,400	50,323	(56,190)
JPM	The PNC Financial Services Group, Inc.	USD	170.00	Jan 2024	7	700	6,451	(2,464)
JPM	The PNC Financial Services Group, Inc.	USD	170.00	Jan 2024	8	800	7,365	(2,816)
JPM	The PNC Financial Services Group, Inc.	USD	175.00	Jan 2024	5	500	6,348	(1,475)
JPM	The PNC Financial Services Group, Inc.	USD	175.00	Jan 2024	4	400	4,544	(1,180)
JPM	The PNC Financial Services Group, Inc.	USD	175.00	Jan 2024	7	700	5,275	(2,065)
JPM	The PNC Financial Services Group, Inc.	USD	175.00	Jan 2024	8	800	6,152	(2,360)
JPM	The PNC Financial Services Group, Inc.	USD	185.00	Jan 2024	6	600	5,654	(1,250)
JPM	The PNC Financial Services Group, Inc.	USD	185.00	Jan 2024	4	400	3,365	(833)
JPM	The PNC Financial Services Group, Inc.	USD	190.00	Jan 2024	4	400	2,816	(703)
JPM	The PNC Financial Services Group, Inc.	USD	190.00	Jan 2024	6	600	4,820	(1,054)
JPM	The PNC Financial Services Group, Inc.	USD	200.00	Jan 2024	6	600	3,344	(749)
JPM	The PNC Financial Services Group, Inc.	USD	200.00	Jan 2024	4	400	1,924	(499)
JPM	Thermo Fisher Scientific, Inc.	USD	610.00	Jan 2024	1	100	5,473	(4,565)
JPM	Thermo Fisher Scientific, Inc.	USD	610.00	Jan 2024	1	100	7,338	(4,565)
JPM	Thermo Fisher Scientific, Inc.	USD	630.00	Jan 2024	1	100	4,446	(3,670)
JPM	Thermo Fisher Scientific, Inc.	USD	630.00	Jan 2024	1	100	6,289	(3,670)
JPM	Thermo Fisher Scientific, Inc.	USD	660.00	Jan 2024	1	100	3,452	(2,572)
JPM	Thermo Fisher Scientific, Inc.	USD	660.00	Jan 2024	1	100	4,842	(2,572)
JPM	Thermo Fisher Scientific, Inc.	USD	690.00	Jan 2024	1	100	2,598	(1,746)
JPM	Thermo Fisher Scientific, Inc.	USD	690.00	Jan 2024	1	100	3,656	(1,746)
GSI	TransUnion	USD	65.00	Oct 2023	1	100	837	(681)
GSI	TransUnion	USD	65.00	Oct 2023	5	500	4,080	(3,403)
GSI	TransUnion	USD	65.00	Oct 2023	5	500	5,874	(3,403)
GSI	TransUnion	USD	70.00	Oct 2023	1	100	612	(482)
GSI	TransUnion	USD	70.00	Oct 2023	5	500	2,960	(2,410)
GSI	TransUnion	USD	70.00	Oct 2023	5	500	4,404	(2,410)
CITI	UnitedHealth Group, Inc.	USD	580.00	Jan 2024	19	1,900	106,343	(16,559)
JPM	UnitedHealth Group, Inc.	USD	600.00	Jan 2024	20	2,000	66,363	(11,505)
GSI	Visa, Inc., Class A	USD	230.00	Jan 2024	8	800	15,261	(16,611)
GSI	Visa, Inc., Class A	USD	230.00	Jan 2024	8	800	18,869	(16,611)
GSI	Visa, Inc., Class A	USD	240.00	Jan 2024	8	800	12,083	(12,502)
GSI	Visa, Inc., Class A	USD	240.00	Jan 2024	8	800	14,938	(12,502)
GSI	Visa, Inc., Class A	USD	250.00	Jan 2024	8	800	9,264	(9,098)
GSI	Visa, Inc., Class A	USD	250.00	Jan 2024	8	800	11,578	(9,098)
GSI	Visa, Inc., Class A	USD	260.00	Jan 2024	8	800	7,086	(6,397)

36

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

Options on securities (continued)
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
GSI	Visa, Inc., Class A	USD	260.00	Jan 2024	8	800	$8,778	$(6,397)
JPM	Waste Connections, Inc.	USD	145.00	Jun 2023	4	400	1,056	(1,148)
JPM	Waste Connections, Inc.	USD	145.00	Jun 2023	4	400	707	(1,148)
JPM	Waste Connections, Inc.	USD	150.00	Jun 2023	4	400	645	(554)
JPM	Waste Connections, Inc.	USD	150.00	Jun 2023	4	400	360	(554)
JPM	Waste Connections, Inc.	USD	160.00	Jun 2023	4	400	205	(96)
JPM	Waste Connections, Inc.	USD	160.00	Jun 2023	4	400	104	(96)
JPM	Waste Connections, Inc.	USD	165.00	Jun 2023	4	400	127	(38)
JPM	Waste Connections, Inc.	USD	165.00	Jun 2023	4	400	61	(38)
WFB	Yum! Brands, Inc.	USD	140.00	Jan 2024	41	4,100	40,881	(30,419)
WFB	Yum! Brands, Inc.	USD	140.00	Jan 2024	41	4,100	40,217	(30,419)
CITI	Yum! Brands, Inc.	USD	145.00	Jan 2024	20	2,000	11,242	(10,797)
CITI	Yum! Brands, Inc.	USD	150.00	Jan 2024	20	2,000	10,042	(7,624)
							$3,039,162	$(3,653,676)

Derivatives Currency Abbreviations
USD	U.S. Dollar

Derivatives Abbreviations
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, N.A.
OTC	Over-the-counter
UBS	UBS AG
WFB	Wells Fargo Bank, N.A.

Core Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 54.2%
U.S. Government – 24.4%
U.S. Treasury Bonds
1.125%, 05/15/2040 to 08/15/2040	$	28,185,000	$	18,688,058
1.375%, 11/15/2040		26,558,000		18,292,860
1.750%, 08/15/2041		26,163,000		18,943,641
1.875%, 02/15/2041 to 11/15/2051		3,342,000		2,360,255
2.000%, 08/15/2051		5,417,000		3,810,309
2.250%, 02/15/2052		482,000		359,429
2.875%, 05/15/2052		2,062,000		1,763,977
3.000%, 08/15/2052		6,957,000		6,111,290
3.375%, 08/15/2042		536,000		503,254
3.625%, 02/15/2053		3,242,000		3,218,698
3.875%, 02/15/2043		2,850,000		2,875,383
4.000%, 11/15/2052		4,580,000		4,860,525
5.250%, 11/15/2028		380,000		411,246
U.S. Treasury Notes
0.375%, 11/30/2025 to 07/31/2027		13,265,000		11,696,009
0.750%, 05/31/2026		4,928,000		4,482,555
1.125%, 08/31/2028		1,508,000		1,324,154
1.375%, 10/31/2028		6,627,000		5,879,650
1.500%, 08/15/2026 to 11/30/2028		16,321,000		15,130,190
1.625%, 05/15/2026		4,942,000		4,627,141
1.750%, 12/31/2026		1,523,000		1,418,056
1.875%, 02/28/2029		4,806,000		4,366,138
2.000%, 11/15/2026		4,011,000		3,772,220
2.625%, 02/15/2029 to 07/31/2029		2,233,000		2,115,783
2.750%, 02/15/2028 to 05/31/2029		5,639,000		5,407,921
2.875%, 04/30/2025		2,850,000		2,783,314
3.000%, 07/15/2025 to 09/30/2025		8,101,000		7,923,814

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)
3.250%, 06/30/2027 to 06/30/2029	$	2,437,000	$	2,389,310
3.500%, 01/31/2028 to 02/15/2033		10,452,000		10,437,139
3.625%, 03/31/2028		12,886,000		12,907,141
3.875%, 03/31/2025		2,709,000		2,700,746
4.000%, 02/29/2028 to 02/28/2030		8,302,000		8,467,825
4.375%, 10/31/2024		241,000		241,282
4.500%, 11/30/2024		42,000		42,164
4.625%, 02/28/2025 to 03/15/2026		3,536,000		3,610,357
				193,921,834
U.S. Government Agency – 29.8%
Federal Home Loan Mortgage Corp.
2.000%, 06/01/2040 to 02/01/2041 (A)		7,497,993		6,452,426
2.000%, 01/01/2041 to 12/01/2051		13,176,975		11,230,926
2.304%, (12 month LIBOR + 1.642%), 08/01/2043 (B)		80,243		80,406
2.368%, (12 month LIBOR + 1.635%), 07/01/2043 (B)		50,772		51,464
2.500%, 04/01/2042 to 03/01/2052		6,665,345		5,803,076
2.508%, (12 month LIBOR + 1.631%), 11/01/2043 (B)		89,197		90,021
2.553%, (12 month LIBOR + 1.646%), 10/01/2043 (B)		163,539		165,921
2.557%, (12 month LIBOR + 1.606%), 09/01/2043 (B)		43,036		43,177
2.673%, (12 month LIBOR + 1.611%), 10/01/2043 (B)		98,152		98,803

 

37

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
2.817%, (12 month LIBOR + 1.641%), 05/01/2049 (B)	$	305,791	$	300,937
2.838%, (12 month LIBOR + 1.719%), 01/01/2044 (B)		179,111		179,840
2.980%, (12 month LIBOR + 1.637%), 09/01/2045 (B)		938,153		947,566
3.000%, 04/01/2040 to 09/01/2046		2,908,279		2,694,638
3.000%, 08/01/2043 (A)		944,830		879,416
3.380%, (12 month LIBOR + 1.650%), 03/01/2043 (B)		103,934		107,536
3.470%, (12 month LIBOR + 1.637%), 03/01/2049 (B)		437,949		443,020
3.500%, 06/01/2046 to 10/01/2046		751,749		709,952
3.884%, (12 month LIBOR + 1.688%), 09/01/2047 (B)		501,120		509,083
3.912%, (1 month SOFR + 2.130%), 07/01/2052 (B)		403,912		390,718
3.986%, (1 month SOFR + 2.140%), 08/01/2052 (B)		531,675		509,949
3.997%, 12/14/2029 (C)		1,179,000		902,987
4.000%, 07/01/2049		1,373,053		1,344,311
4.069%, (12 month LIBOR + 1.636%), 04/01/2048 (B)		1,037,935		1,052,718
4.119%, (1 month SOFR + 2.380%), 09/01/2052 (B)		276,462		268,992
4.301%, (1 month SOFR + 2.130%), 07/01/2052 (B)		483,043		473,085
4.500%, 06/01/2039 to 07/01/2039		89,764		89,906
5.497%, (12 month LIBOR + 1.770%), 09/01/2042 (B)		72,388		74,219
6.268%, (12 month LIBOR + 1.688%), 02/01/2043 (B)		120,625		122,691
Federal National Mortgage Association
1.500%, 10/01/2041 to 07/01/2051		12,677,937		10,306,445
1.520%, 08/21/2035		1,478,000		1,048,952
1.615%, (1 month SOFR + 2.212%), 12/01/2051 (B)		259,711		233,669
1.900%, 01/25/2036		1,322,000		973,481
2.000%, TBA (A)		1,500,000		1,239,421
2.000%, 06/01/2040 to 02/01/2042 (A)		18,173,899		15,633,920
2.000%, 11/01/2040 to 03/01/2047		33,394,393		28,428,363
2.500%, 12/01/2035 to 03/01/2052		22,688,318		20,164,928
2.511%, (12 month LIBOR + 1.560%), 06/01/2043 (B)		65,641		65,745
2.983%, (12 month LIBOR + 1.603%), 03/01/2050 (B)		1,063,944		1,044,610
3.000%, 05/01/2040 to 07/01/2060		47,947,530		44,011,254
3.293%, (12 month LIBOR + 1.579%), 10/01/2043 (B)		217,653		218,924
3.500%, TBA (A)		5,900,000		5,479,622
3.500%, 03/01/2042 to 04/01/2050		13,937,895		13,221,549
3.683%, (1 month SOFR + 2.370%), 08/01/2052 (B)		592,692		570,802
3.739%, (12 month LIBOR + 1.579%), 06/01/2045 (B)		280,142		285,099
3.965%, (1 month SOFR + 2.120%), 08/01/2052 (B)		234,693		225,629
4.000%, 01/01/2027 to 05/01/2049		11,870,115		11,679,744
4.027%, 11/15/2030 (C)		3,465,000		2,552,734
4.029%, (12 month LIBOR + 1.583%), 01/01/2046 (B)		729,795		741,893

Core Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
4.148%, (1 month SOFR + 2.120%), 09/01/2052 (B)	$	874,218	$	858,959
4.152%, (1 month SOFR + 2.133%), 10/01/2052 (B)		1,983,885		1,947,746
4.168%, (1 month SOFR + 2.120%), 07/01/2052 (B)		925,879		896,784
4.227%, (1 month SOFR + 2.370%), 09/01/2052 (B)		268,860		263,254
4.249%, (1 month SOFR + 2.127%), 11/01/2052 (B)		686,995		676,360
4.315%, (1 month SOFR + 2.125%), 08/01/2052 (B)		1,056,147		1,038,975
4.354%, (1 month SOFR + 2.124%), 07/01/2052 (B)		1,021,261		1,005,961
4.500%, 06/01/2041 to 11/01/2048		2,329,239		2,344,501
4.532%, (1 month SOFR + 2.120%), 11/01/2052 (B)		462,993		459,480
4.621%, (1 month SOFR + 2.127%), 08/01/2052 (B)		1,170,367		1,160,446
4.645%, (1 month SOFR + 2.122%), 08/01/2052 (B)		877,684		864,881
4.647%, (1 month SOFR + 2.130%), 08/01/2052 (B)		921,569		914,555
5.500%, TBA (A)		500,000		505,078
5.500%, 09/01/2052		774,760		808,718
6.000%, TBA (A)		5,400,000		5,507,990
6.130%, (12 month LIBOR + 1.641%), 01/01/2043 (B)		47,843		48,869
6.500%, TBA (A)		3,800,000		3,921,415
6.500%, 11/01/2052 to 02/01/2053		857,221		921,340
6.976%, (12 month LIBOR + 1.567%), 03/01/2043 (B)		24,148		24,823
7.000%, 02/01/2053		700,541		736,355
Government National Mortgage Association
3.000%, 06/20/2043 to 10/20/2050		8,072,404		7,401,404
3.500%, 01/20/2048		479,341		453,355
4.000%, 06/20/2047 to 04/20/2048		3,667,610		3,583,139
4.500%, 08/15/2047 to 02/20/2049		1,063,124		1,058,872
6.000%, TBA (A)		3,600,000		3,663,477
6.000%, 01/20/2053		1,595,319		1,664,504
				236,875,809
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $455,823,197)			$	430,797,643
FOREIGN GOVERNMENT OBLIGATIONS – 1.2%
Australia – 0.1%
Export Finance & Insurance Corp. 4.625%, 10/26/2027 (D)		1,045,000		1,067,614
Bermuda – 0.0%
Government of Bermuda 5.000%, 07/15/2032 (D)		311,000		311,914
Canada – 0.1%
Province of Saskatchewan 3.250%, 06/08/2027		415,000		403,037
Israel – 0.2%
State of Israel 4.500%, 01/17/2033		1,116,000		1,110,420
Italy – 0.0%
Republic of Italy 3.875%, 05/06/2051		200,000		142,120

 

38

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Mexico – 0.5%
Government of Mexico
3.500%, 02/12/2034	$	2,071,000	$	1,755,814
3.750%, 04/19/2071		688,000		456,722
3.771%, 05/24/2061		458,000		308,912
4.350%, 01/15/2047		227,000		179,179
4.400%, 02/12/2052		543,000		423,594
4.500%, 04/22/2029		463,000		451,974
4.600%, 02/10/2048		200,000		162,913
				3,739,108
Panama – 0.0%
Republic of Panama 6.853%, 03/28/2054		301,000		308,625
Paraguay – 0.1%
Republic of Paraguay 5.400%, 03/30/2050 (D)		545,000		469,231
Peru – 0.0%
Republic of Peru
3.000%, 01/15/2034		208,000		169,523
3.600%, 01/15/2072		161,000		107,213
				276,736
Poland – 0.2%
Republic of Poland
4.875%, 10/04/2033 (A)		903,000		898,846
5.500%, 04/04/2053 (A)		557,000		563,684
				1,462,530
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $9,774,171)			$	9,291,335
CORPORATE BONDS – 24.6%
Communication services – 1.4%
AT&T, Inc.
1.700%, 03/25/2026		1,362,000		1,253,040
3.500%, 06/01/2041		293,000		231,233
3.650%, 09/15/2059		286,000		204,374
3.800%, 12/01/2057		824,000		611,746
Charter Communications Operating LLC 3.500%, 06/01/2041 to 03/01/2042		1,149,000		777,988
Comcast Corp.
2.987%, 11/01/2063		342,000		221,747
4.049%, 11/01/2052		295,000		248,101
5.350%, 11/15/2027		601,000		625,748
5.500%, 11/15/2032		556,000		592,907
Discovery Communications LLC 4.000%, 09/15/2055		320,000		212,209
Paramount Global 4.950%, 05/19/2050		364,000		272,448
T-Mobile USA, Inc.
1.500%, 02/15/2026		203,000		185,442
2.250%, 02/15/2026		639,000		594,309
2.550%, 02/15/2031		452,000		383,111
2.875%, 02/15/2031		124,000		106,967
3.500%, 04/15/2031		82,000		73,732
4.950%, 03/15/2028		607,000		612,801
5.050%, 07/15/2033		750,000		753,713
5.650%, 01/15/2053		653,000		668,814
Verizon Communications, Inc.
2.355%, 03/15/2032		760,000		623,503
2.650%, 11/20/2040		383,000		273,463
3.875%, 03/01/2052		304,000		245,782
WarnerMedia Holdings, Inc.
5.050%, 03/15/2042 (D)		601,000		502,697
5.141%, 03/15/2052 (D)		1,062,000		860,468
5.391%, 03/15/2062 (D)		377,000		304,736
				11,441,079

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 1.4%
Ford Motor Company 4.750%, 01/15/2043	$	59,000	$	45,243
Ford Motor Credit Company LLC
2.700%, 08/10/2026		313,000		278,567
2.900%, 02/10/2029		551,000		456,212
7.350%, 03/06/2030		270,000		277,425
General Motors Company
5.200%, 04/01/2045		244,000		205,529
5.400%, 10/15/2029		532,000		527,152
General Motors Financial Company, Inc. 3.100%, 01/12/2032		294,000		239,553
Harley-Davidson Financial Services, Inc. 6.500%, 03/10/2028 (D)		909,000		918,923
Hyundai Capital America
0.800%, 01/08/2024 (D)		241,000		232,174
1.300%, 01/08/2026 (D)		577,000		518,149
5.500%, 03/30/2026 (D)		904,000		905,361
5.600%, 03/30/2028 (D)		602,000		603,196
Lowe's Companies, Inc.
4.250%, 04/01/2052		574,000		471,021
5.150%, 07/01/2033		828,000		835,894
5.625%, 04/15/2053		735,000		737,399
5.750%, 07/01/2053		151,000		153,867
5.850%, 04/01/2063		151,000		153,151
Mercedes-Benz Finance North America LLC 4.800%, 03/30/2028 (D)		720,000		722,121
Target Corp.
4.400%, 01/15/2033		822,000		817,230
4.800%, 01/15/2053		608,000		597,156
The Home Depot, Inc.
2.375%, 03/15/2051		437,000		275,020
3.125%, 12/15/2049		530,000		391,673
3.300%, 04/15/2040		113,000		93,944
3.625%, 04/15/2052		272,000		218,901
				10,674,861
Consumer staples – 1.5%
Anheuser-Busch Companies LLC
4.700%, 02/01/2036		1,687,000		1,679,957
4.900%, 02/01/2046		435,000		425,131
Anheuser-Busch InBev Worldwide, Inc. 4.375%, 04/15/2038		811,000		770,117
Bunge, Ltd. Finance Corp. 1.630%, 08/17/2025		314,000		290,472
Kenvue, Inc.
4.900%, 03/22/2033 (D)		1,207,000		1,247,044
5.050%, 03/22/2028 to 03/22/2053 (D)		983,000		1,014,832
5.200%, 03/22/2063 (D)		151,000		156,449
Nestle Holdings, Inc.
4.950%, 03/14/2030 (D)		276,000		286,677
5.000%, 03/14/2028 (D)		759,000		789,099
PepsiCo, Inc.
4.450%, 05/15/2028		152,000		155,088
4.650%, 02/15/2053		456,000		467,485
Philip Morris International, Inc.
4.875%, 02/13/2026 to 02/15/2028		1,812,000		1,827,854
5.000%, 11/17/2025		646,000		650,914
5.125%, 11/17/2027 to 02/15/2030		1,298,000		1,324,807
5.375%, 02/15/2033		659,000		673,228
5.750%, 11/17/2032		154,000		161,609
				11,920,763
Energy – 1.6%
Aker BP ASA
3.100%, 07/15/2031 (D)		882,000		745,986
4.000%, 01/15/2031 (D)		349,000		316,907

 

39

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
BP Capital Markets America, Inc. 4.812%, 02/13/2033	$	1,669,000	$	1,694,642
Energy Transfer LP
4.400%, 03/15/2027		135,000		131,151
4.950%, 05/15/2028		1,008,000		993,475
5.300%, 04/15/2047		788,000		690,512
5.400%, 10/01/2047		231,000		205,342
5.750%, 02/15/2033		1,108,000		1,134,791
6.125%, 12/15/2045		244,000		235,861
Exxon Mobil Corp.
3.452%, 04/15/2051		766,000		609,903
4.327%, 03/19/2050		1,008,000		930,519
Galaxy Pipeline Assets Bidco, Ltd.
1.750%, 09/30/2027 (D)		549,946		511,478
2.160%, 03/31/2034 (D)		651,131		559,916
2.625%, 03/31/2036 (D)		459,000		376,657
2.940%, 09/30/2040 (D)		257,409		208,241
MPLX LP
4.950%, 03/14/2052		411,000		357,232
5.000%, 03/01/2033		916,000		896,370
5.650%, 03/01/2053		153,000		147,136
Petroleos Mexicanos
2.378%, 04/15/2025		343,750		334,518
2.460%, 12/15/2025		972,300		938,188
Targa Resources Partners LP
4.875%, 02/01/2031		642,000		600,710
5.500%, 03/01/2030		161,000		157,334
				12,776,869
Financials – 6.9%
American International Group, Inc. 5.125%, 03/27/2033		692,000		687,850
Antares Holdings LP 3.750%, 07/15/2027 (D)		866,000		732,194
Aon Corp. 5.350%, 02/28/2033		365,000		378,069
Athene Global Funding 2.646%, 10/04/2031 (D)		196,000		155,636
Bank of America Corp.
1.530%, (1.530% to 12-6-24, then SOFR + 0.650%), 12/06/2025		2,538,000		2,372,854
1.658%, (1.658% to 3-11-26, then SOFR + 0.910%), 03/11/2027		2,171,000		1,965,566
1.734%, (1.734% to 7-22-26, then SOFR + 0.960%), 07/22/2027		1,968,000		1,764,726
2.687%, (2.687% to 4-22-31, then SOFR + 1.320%), 04/22/2032		451,000		376,370
3.419%, (3.419% to 12-20-27, then 3 month LIBOR + 1.040%), 12/20/2028		1,505,000		1,398,315
5.080%, (5.080% to 1-20-26, then SOFR + 1.290%), 01/20/2027		1,343,000		1,338,835
Barclays PLC 7.437%, (7.437% to 11-2-32, then 1 Year CMT + 3.500%), 11/02/2033		1,570,000		1,735,334
Blackstone Holdings Finance Company LLC 6.200%, 04/22/2033 (D)		697,000		730,162
Brighthouse Financial, Inc. 3.850%, 12/22/2051		270,000		174,349
Citigroup, Inc. 6.270%, (6.270% to 11-17-32, then SOFR + 2.338%), 11/17/2033		1,027,000		1,110,705
Citizens Financial Group, Inc. 2.500%, 02/06/2030		301,000		237,924

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Cooperatieve Rabobank UA 5.564%, (5.564% to 2-28-28, then 1 Year CMT + 1.400%), 02/28/2029 (D)	$	2,128,000	$	2,142,273
Credit Suisse Group AG
4.282%, 01/09/2028 (D)		474,000		427,193
6.442%, (6.442% to 8-11-27, then SOFR + 3.700%), 08/11/2028 (D)		870,000		862,866
9.016%, (9.016% to 11-15-32, then SOFR + 5.020%), 11/15/2033 (D)		498,000		590,080
Deutsche Bank AG 3.742%, (3.742% to 10-7-31, then SOFR + 2.257%), 01/07/2033		966,000		698,909
Enstar Group, Ltd. 3.100%, 09/01/2031		90,000		69,322
Fiserv, Inc.
5.450%, 03/02/2028		911,000		930,462
5.600%, 03/02/2033		607,000		629,535
HSBC Holdings PLC
6.161%, (6.161% to 3-9-28, then SOFR + 1.970%), 03/09/2029		1,212,000		1,246,057
6.254%, (6.254% to 3-9-33, then SOFR + 2.390%), 03/09/2034		1,236,000		1,292,217
6.332%, (6.332% to 3-9-43, then SOFR + 2.650%), 03/09/2044		335,000		353,821
JPMorgan Chase & Co.
1.040%, (1.040% to 2-4-26, then 3 month CME Term SOFR + 0.695%), 02/04/2027		2,108,000		1,881,606
1.045%, (1.045% to 11-19-25, then SOFR + 0.800%), 11/19/2026		358,000		319,468
1.561%, (1.561% to 12-10-24, then SOFR + 0.605%), 12/10/2025		2,261,000		2,120,340
1.578%, (1.578% to 4-22-26, then SOFR + 0.885%), 04/22/2027		677,000		608,267
2.182%, (2.182% to 6-1-27, then SOFR + 1.890%), 06/01/2028		838,000		750,644
KeyBank NA 5.000%, 01/26/2033		335,000		311,229
Liberty Mutual Group, Inc. 5.500%, 06/15/2052 (D)		265,000		252,037
Lloyds Banking Group PLC 5.871%, (5.871% to 3-6-28, then 1 Year CMT + 1.700%), 03/06/2029		1,536,000		1,548,651
M&T Bank Corp. 5.053%, (5.053% to 1-27-33, then SOFR + 1.850%), 01/27/2034		253,000		234,935
Marsh & McLennan Companies, Inc.
5.450%, 03/15/2053		227,000		233,776
6.250%, 11/01/2052		150,000		168,834
Mitsubishi UFJ Financial Group, Inc.
5.422%, (5.422% to 2-22-28, then 1 Year CMT + 1.380%), 02/22/2029		624,000		629,856
5.441%, (5.441% to 2-22-33, then 1 Year CMT + 1.630%), 02/22/2034		684,000		691,145
5.475%, (5.475% to 2-22-30, then 1 Year CMT + 1.530%), 02/22/2031		383,000		385,735
5.719%, (5.719% to 2-20-25, then 1 Year CMT + 1.080%), 02/20/2026		2,431,000		2,437,250
Mizuho Financial Group, Inc.
5.667%, (5.667% to 5-27-28, then 1 Year CMT + 1.500%), 05/27/2029		912,000		924,850
5.739%, (5.739% to 5-27-30, then 1 Year CMT + 1.650%), 05/27/2031		624,000		636,548
5.754%, (5.754% to 5-27-33, then 1 Year CMT + 1.800%), 05/27/2034		768,000		785,553

 

40

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Morgan Stanley
0.790%, (0.790% to 5-30-24, then SOFR + 0.525%), 05/30/2025	$	1,763,000	$	1,668,802
0.864%, (0.864% to 10-21-24, then SOFR + 0.745%), 10/21/2025		151,000		140,056
0.985%, (0.985% to 12-10-25, then SOFR + 0.720%), 12/10/2026		1,391,000		1,239,720
1.512%, (1.512% to 7-20-26, then SOFR + 0.858%), 07/20/2027		1,064,000		945,549
5.123%, (5.123% to 2-1-28, then SOFR + 1.730%), 02/01/2029		761,000		767,046
6.342%, (6.342% to 10-18-32, then SOFR + 2.560%), 10/18/2033		1,026,000		1,120,587
National Australia Bank, Ltd. 6.429%, 01/12/2033 (D)		627,000		645,779
Santander Holdings USA, Inc. 6.499%, (6.499% to 3-9-28, then SOFR + 2.356%), 03/09/2029		909,000		908,162
SBL Holdings, Inc. 5.000%, 02/18/2031 (D)		947,000		784,666
Stewart Information Services Corp. 3.600%, 11/15/2031		130,000		102,213
Sumitomo Mitsui Financial Group, Inc.
5.520%, 01/13/2028		1,228,000		1,248,623
5.710%, 01/13/2030		1,213,000		1,252,444
The Goldman Sachs Group, Inc. 1.948%, (1.948% to 10-21-26, then SOFR + 0.913%), 10/21/2027		677,000		604,848
Trust Fibra Uno 6.390%, 01/15/2050 (D)		356,000		267,516
UBS Group AG 5.959%, (5.959% to 1-12-33, then 1 Year CMT + 2.200%), 01/12/2034 (D)		730,000		749,157
Wells Fargo & Company
3.526%, (3.526% to 3-24-27, then SOFR + 1.510%), 03/24/2028		301,000		283,991
4.897%, (4.897% to 7-25-32, then SOFR + 2.100%), 07/25/2033		2,511,000		2,451,041
				54,502,548
Health care – 2.9%
Abbott Laboratories
1.400%, 06/30/2030		685,000		572,171
4.750%, 11/30/2036		458,000		475,755
AbbVie, Inc.
4.050%, 11/21/2039		323,000		288,515
4.250%, 11/21/2049		1,848,000		1,630,815
4.300%, 05/14/2036		198,000		186,113
4.450%, 05/14/2046		201,000		181,867
4.550%, 03/15/2035		456,000		445,862
Amgen, Inc.
4.200%, 03/01/2033		62,000		59,429
5.150%, 03/02/2028		909,000		928,108
5.250%, 03/02/2025 to 03/02/2033		2,279,000		2,316,526
5.650%, 03/02/2053		1,108,000		1,153,097
Astrazeneca Finance LLC
4.875%, 03/03/2028 to 03/03/2033		1,517,000		1,562,337
4.900%, 03/03/2030		910,000		930,777
Bristol-Myers Squibb Company 2.550%, 11/13/2050		361,000		241,527
Centene Corp. 3.000%, 10/15/2030		326,000		274,518
CVS Health Corp.
3.000%, 08/15/2026		295,000		281,484
4.875%, 07/20/2035		89,000		86,846

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
DH Europe Finance II Sarl 2.200%, 11/15/2024	$	749,000	$	719,020
Eli Lilly & Company
4.700%, 02/27/2033		608,000		623,363
4.875%, 02/27/2053		456,000		471,507
4.950%, 02/27/2063		213,000		219,155
Gilead Sciences, Inc.
1.650%, 10/01/2030		275,000		226,371
2.600%, 10/01/2040		473,000		348,796
2.800%, 10/01/2050		752,000		519,175
4.000%, 09/01/2036		244,000		225,656
Haleon US Capital LLC 3.375%, 03/24/2029		277,000		255,551
HCA, Inc. 4.625%, 03/15/2052 (D)		1,244,000		1,032,883
Roche Holdings, Inc.
2.076%, 12/13/2031 (D)		1,893,000		1,598,019
2.607%, 12/13/2051 (D)		401,000		280,051
Shire Acquisitions Investments Ireland DAC 2.875%, 09/23/2023		224,000		221,264
Takeda Pharmaceutical Company, Ltd. 4.400%, 11/26/2023		193,000		192,257
The Cigna Group
4.900%, 12/15/2048		304,000		286,069
5.400%, 03/15/2033		1,056,000		1,096,364
UnitedHealth Group, Inc.
3.050%, 05/15/2041		143,000		112,715
3.250%, 05/15/2051		452,000		339,592
4.000%, 05/15/2029		571,000		558,290
4.500%, 04/15/2033		466,000		463,319
5.050%, 04/15/2053		466,000		471,030
5.200%, 04/15/2063		310,000		313,870
5.875%, 02/15/2053		727,000		817,143
				23,007,207
Industrials – 2.4%
Adani International Container Terminal Private, Ltd. 3.000%, 02/16/2031 (D)		258,030		194,282
AerCap Ireland Capital DAC 1.150%, 10/29/2023		3,087,000		2,992,954
Burlington Northern Santa Fe LLC 4.450%, 01/15/2053		121,000		113,022
Canadian National Railway Company
3.850%, 08/05/2032		430,000		408,754
4.400%, 08/05/2052		286,000		267,917
Canadian Pacific Railway Company
1.350%, 12/02/2024		678,000		638,798
1.750%, 12/02/2026		131,000		118,743
Crowley Conro LLC 4.181%, 08/15/2043		464,535		448,508
Delta Air Lines, Inc. 4.750%, 10/20/2028 (D)		1,610,000		1,552,864
John Deere Capital Corp.
4.150%, 09/15/2027		1,436,000		1,428,438
4.850%, 10/11/2029		501,000		517,313
4.900%, 03/03/2028		759,000		779,922
5.050%, 03/03/2026		1,063,000		1,081,177
Norfolk Southern Corp. 4.450%, 03/01/2033		460,000		447,318
Northrop Grumman Corp.
4.400%, 05/01/2030		975,000		969,657
4.700%, 03/15/2033		630,000		636,406
4.950%, 03/15/2053		450,000		448,656

 

41

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Quanta Services, Inc. 0.950%, 10/01/2024	$	544,000	$	507,382
Raytheon Technologies Corp.
5.150%, 02/27/2033		941,000		979,301
5.375%, 02/27/2053		627,000		659,932
Republic Services, Inc.
4.875%, 04/01/2029		452,000		456,890
5.000%, 04/01/2034		452,000		460,509
The Boeing Company
2.196%, 02/04/2026		1,035,000		960,312
3.250%, 02/01/2035		335,000		273,514
3.750%, 02/01/2050		598,000		452,581
5.930%, 05/01/2060		462,000		461,448
Union Pacific Corp.
2.375%, 05/20/2031		290,000		250,324
2.800%, 02/14/2032		393,000		345,076
3.375%, 02/14/2042		327,000		269,284
				19,121,282
Information technology – 2.0%
Apple, Inc.
2.375%, 02/08/2041		222,000		166,192
2.400%, 08/20/2050		35,000		23,468
2.650%, 05/11/2050 to 02/08/2051		607,000		427,114
3.250%, 08/08/2029		223,000		213,363
3.950%, 08/08/2052		423,000		378,833
4.100%, 08/08/2062		214,000		190,756
Broadcom, Inc.
2.450%, 02/15/2031 (D)		477,000		390,529
3.150%, 11/15/2025		357,000		341,573
3.419%, 04/15/2033 (D)		392,000		327,990
3.469%, 04/15/2034 (D)		307,000		252,134
4.926%, 05/15/2037 (D)		436,000		396,492
Intel Corp.
2.800%, 08/12/2041		713,000		517,078
5.625%, 02/10/2043		174,000		178,322
5.700%, 02/10/2053		302,000		308,220
5.900%, 02/10/2063		425,000		437,426
KLA Corp.
3.300%, 03/01/2050		250,000		191,099
4.950%, 07/15/2052		254,000		251,755
Micron Technology, Inc.
3.477%, 11/01/2051		147,000		95,816
5.875%, 02/09/2033		478,000		483,283
Microsoft Corp.
2.525%, 06/01/2050		334,000		236,332
2.921%, 03/17/2052		300,000		228,052
NXP BV
2.500%, 05/11/2031		304,000		251,316
3.250%, 05/11/2041		299,000		217,839
4.400%, 06/01/2027		330,000		326,012
Oracle Corp.
4.000%, 07/15/2046		529,000		403,603
4.375%, 05/15/2055		184,000		144,830
4.900%, 02/06/2033		780,000		763,984
5.550%, 02/06/2053		406,000		386,529
6.900%, 11/09/2052		990,000		1,109,658
Qualcomm, Inc. 6.000%, 05/20/2053		687,000		780,531
Texas Instruments, Inc.
4.900%, 03/14/2033		1,207,000		1,255,590
5.000%, 03/14/2053		754,000		795,226
VMware, Inc.
0.600%, 08/15/2023		1,335,000		1,309,866
1.000%, 08/15/2024		948,000		894,677
1.400%, 08/15/2026		887,000		784,548

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
VMware, Inc. (continued)
4.700%, 05/15/2030	$	548,000	$	531,989
Xilinx, Inc. 2.375%, 06/01/2030		233,000		203,358
				16,195,383
Materials – 0.9%
Anglo American Capital PLC
3.875%, 03/16/2029 (D)		841,000		773,429
4.750%, 03/16/2052 (D)		470,000		399,069
BHP Billiton Finance USA, Ltd.
4.750%, 02/28/2028		1,216,000		1,230,717
4.875%, 02/27/2026		1,520,000		1,530,246
Freeport-McMoRan, Inc. 5.250%, 09/01/2029		850,000		833,465
Glencore Finance Canada, Ltd.
5.550%, 10/25/2042 (D)		137,000		131,306
6.000%, 11/15/2041 (D)		111,000		111,779
6.900%, 11/15/2037 (D)		315,000		351,937
Glencore Funding LLC
2.625%, 09/23/2031 (D)		671,000		550,790
3.875%, 04/27/2051 (D)		171,000		130,848
4.875%, 03/12/2029 (D)		243,000		240,116
Rohm and Haas Company 7.850%, 07/15/2029		476,000		542,858
The Dow Chemical Company
6.900%, 05/15/2053		286,000		329,906
7.375%, 11/01/2029		214,000		245,881
				7,402,347
Real estate – 1.5%
Agree LP
2.000%, 06/15/2028		571,000		483,874
2.600%, 06/15/2033		130,000		102,457
4.800%, 10/01/2032		286,000		275,552
American Homes 4 Rent LP
3.625%, 04/15/2032		525,000		454,600
4.300%, 04/15/2052		235,000		184,845
American Tower Corp.
2.950%, 01/15/2051		151,000		96,723
3.125%, 01/15/2027		286,000		266,276
5.500%, 03/15/2028		607,000		618,856
Brixmor Operating Partnership LP 2.500%, 08/16/2031		318,000		245,647
Crown Castle, Inc.
1.050%, 07/15/2026		818,000		720,799
2.900%, 03/15/2027 to 04/01/2041		744,000		625,165
5.000%, 01/11/2028		1,216,000		1,225,627
Essex Portfolio LP
1.700%, 03/01/2028		687,000		590,648
2.550%, 06/15/2031		271,000		222,456
Federal Realty Investment Trust 3.950%, 01/15/2024		363,000		358,441
GLP Capital LP 5.300%, 01/15/2029		265,000		252,850
Invitation Homes Operating Partnership LP
2.000%, 08/15/2031		90,000		69,035
4.150%, 04/15/2032		523,000		468,815
Kimco Realty Corp. 4.600%, 02/01/2033		117,000		109,709
Mid-America Apartments LP 4.300%, 10/15/2023		269,000		268,223
Realty Income Corp.
2.200%, 06/15/2028		281,000		247,784
2.850%, 12/15/2032		380,000		314,057
4.850%, 03/15/2030		366,000		360,573

 

42

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Realty Income Corp. (continued)
5.625%, 10/13/2032	$	834,000	$	866,021
Regency Centers LP 2.950%, 09/15/2029		719,000		622,354
STORE Capital Corp.
2.700%, 12/01/2031		183,000		131,927
2.750%, 11/18/2030		465,000		342,624
4.500%, 03/15/2028		702,000		628,702
4.625%, 03/15/2029		335,000		297,119
Sun Communities Operating LP 4.200%, 04/15/2032		525,000		469,232
				11,920,991
Utilities – 2.1%
American Electric Power Company, Inc. 5.625%, 03/01/2033		607,000		627,867
American Transmission Systems, Inc. 2.650%, 01/15/2032 (D)		190,000		159,968
Baltimore Gas and Electric Company 2.250%, 06/15/2031		407,000		343,369
CenterPoint Energy Houston Electric LLC
3.600%, 03/01/2052		301,000		238,061
4.950%, 04/01/2033		452,000		461,589
Commonwealth Edison Company 5.300%, 02/01/2053		123,000		128,419
Consolidated Edison Company of New York, Inc. 5.200%, 03/01/2033		851,000		877,655
Consumers Energy Company
2.500%, 05/01/2060		233,000		136,442
2.650%, 08/15/2052		182,000		119,909
DTE Electric Company
2.950%, 03/01/2050		475,000		333,579
3.650%, 03/01/2052		217,000		172,523
Duke Energy Carolinas LLC
2.550%, 04/15/2031		277,000		237,618
2.850%, 03/15/2032		505,000		438,877
3.550%, 03/15/2052		368,000		286,288
5.350%, 01/15/2053		610,000		634,282
Duke Energy Corp.
2.550%, 06/15/2031		298,000		249,360
3.500%, 06/15/2051		84,000		61,341
Duke Energy Florida LLC 2.400%, 12/15/2031		406,000		340,734
Duke Energy Progress LLC
2.500%, 08/15/2050		411,000		257,431
5.250%, 03/15/2033		424,000		440,514
Entergy Arkansas LLC
2.650%, 06/15/2051		366,000		236,822
5.150%, 01/15/2033		610,000		626,506
Eversource Energy 1.650%, 08/15/2030		462,000		371,785
Exelon Corp.
5.300%, 03/15/2033		602,000		612,453
5.600%, 03/15/2053		365,000		371,715
Israel Electric Corp., Ltd. 3.750%, 02/22/2032 (D)		278,000		242,686
Jersey Central Power & Light Company 2.750%, 03/01/2032 (D)		447,000		373,846
Metropolitan Edison Company
4.300%, 01/15/2029 (D)		478,000		458,082
5.200%, 04/01/2028 (D)		452,000		456,586
MidAmerican Energy Company 2.700%, 08/01/2052		353,000		239,044

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Mississippi Power Company
3.100%, 07/30/2051	$	488,000	$	335,572
4.250%, 03/15/2042		187,000		159,435
NSTAR Electric Company
3.100%, 06/01/2051		251,000		179,632
4.550%, 06/01/2052		331,000		308,421
Pacific Gas & Electric Company
2.100%, 08/01/2027		218,000		190,116
3.950%, 12/01/2047		933,000		663,199
4.200%, 06/01/2041		236,000		186,110
4.500%, 07/01/2040		140,000		114,915
4.750%, 02/15/2044		137,000		109,951
4.950%, 07/01/2050		1,300,000		1,071,022
PECO Energy Company 2.850%, 09/15/2051		491,000		335,388
Pennsylvania Electric Company
3.250%, 03/15/2028 (D)		396,000		367,748
5.150%, 03/30/2026 (D)		301,000		302,314
Public Service Company of Oklahoma 3.150%, 08/15/2051		275,000		189,834
Public Service Electric & Gas Company
1.900%, 08/15/2031		546,000		444,180
2.050%, 08/01/2050		113,000		66,992
2.700%, 05/01/2050		222,000		150,267
Public Service Enterprise Group, Inc. 1.600%, 08/15/2030 (E)		220,000		176,004
Southern California Edison Company 4.125%, 03/01/2048		306,000		253,001
Virginia Electric and Power Company
2.950%, 11/15/2051		407,000		277,475
5.450%, 04/01/2053		136,000		138,876
Wisconsin Electric Power Company 4.750%, 09/30/2032		408,000		410,277
				16,966,080
TOTAL CORPORATE BONDS (Cost $205,090,145)			$	195,929,410
MUNICIPAL BONDS – 0.4%
Board of Regents of the University of Texas System 2.439%, 08/15/2049		285,000		191,512
County of Clark Department of Aviation (Nevada) 6.820%, 07/01/2045		750,000		929,487
North Texas Tollway Authority 6.718%, 01/01/2049		697,000		874,518
Ohio State University 4.800%, 06/01/2111		464,000		426,948
Port Authority of New York & New Jersey 4.458%, 10/01/2062		571,000		533,380
TOTAL MUNICIPAL BONDS (Cost $3,491,211)			$	2,955,845
COLLATERALIZED MORTGAGE OBLIGATIONS – 10.5%
Commercial and residential – 4.2%
Angel Oak Mortgage Trust LLC
Series 2020-2, Class A1A, 2.531%, 01/26/2065 (D)(F)		125,167		115,075
Series 2020-5, Class A1, 1.373%, 05/25/2065 (D)(F)		86,251		77,927
Series 2021-6, Class A1, 1.458%, 09/25/2066 (D)(F)		492,331		390,066
BANK
Series 2022-BNK44, Class A5, 5.746%, 11/15/2055 (F)		685,000		716,059

 

43

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BANK (continued)
Series 2023-5YR1, Class A3, 6.260%, 03/15/2056 (A)	$	971,000	$	1,000,111
Barclays Commercial Mortgage Trust Series 2019-C3, Class A3 3.319%, 05/15/2052		427,000		389,246
BBCMS Mortgage Trust Series 2018-C2, Class ASB 4.236%, 12/15/2051		214,000		207,778
Benchmark Mortgage Trust Series 2019-B13, Class A4 2.952%, 08/15/2057		334,000		290,851
Bunker Hill Loan Depositary Trust Series 2019-2, Class A1 2.879%, 07/25/2049 (D)		344,779		320,934
BX Commercial Mortgage Trust
Series 2021-VOLT, Class A (1 month LIBOR + 0.700%), 5.384%, 09/15/2036 (B)(D)		2,021,000		1,943,073
Series 2021-XL2, Class A (1 month LIBOR + 0.689%), 5.373%, 10/15/2038 (B)(D)		925,788		886,903
CFCRE Commercial Mortgage Trust Series 2017-C8, Class ASB 3.367%, 06/15/2050		247,558		237,303
Citigroup Commercial Mortgage Trust Series 2022-GC48, Class A5 4.580%, 05/15/2054 (F)		272,000		263,593
COLT Mortgage Loan Trust
Series 2021-2, Class A1, 0.924%, 08/25/2066 (D)(F)		656,840		522,959
Series 2021-4, Class A1, 1.397%, 10/25/2066 (D)(F)		703,880		555,171
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2013-CR10, Class A4, 4.210%, 08/10/2046 (F)		14,416		14,370
Series 2013-CR11, Class A4, 4.258%, 08/10/2050		2,260,000		2,238,452
Series 2013-CR13, Class A4, 4.194%, 11/10/2046 (F)		308,000		303,340
Series 2014-UBS4, Class A4, 3.420%, 08/10/2047		730,000		707,335
Series 2015-LC19, Class A3, 2.922%, 02/10/2048		1,445,444		1,384,438
Series 2015-LC23, Class A3, 3.521%, 10/10/2048		379,000		362,342
CSAIL Commercial Mortgage Trust
Series 2019-C16, Class A2, 3.067%, 06/15/2052		342,000		303,852
Series 2021-C20, Class A3, 2.805%, 03/15/2054		254,000		210,981
EQUS Mortgage Trust Series 2021-EQAZ, Class A (1 month LIBOR + 0.755%) 5.439%, 10/15/2038 (B)(D)		786,984		757,373
FIVE Mortgage Trust Series 2023-V1, Class A3 5.668%, 02/10/2056 (F)		725,000		739,545
GS Mortgage Securities Trust
Series 2013-GC14, Class A5, 4.243%, 08/10/2046		412,000		409,493

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
GS Mortgage Securities Trust (continued)
Series 2014-GC18, Class A4, 4.074%, 01/10/2047	$	971,000	$	953,487
Series 2015-GC32, Class A3, 3.498%, 07/10/2048		335,858		320,739
Series 2020-GC47, Class A5, 2.377%, 05/12/2053		319,000		264,115
Series 2020-GSA2, Class A4, 1.721%, 12/12/2053		995,000		792,260
Impact Funding Affordable Multifamily Housing Mortgage Loan Trust Series 2010-1, Class A1 5.314%, 01/25/2051 (D)		585,889		573,096
JPMBB Commercial Mortgage Securities Trust
Series 2013-C12, Class A5, 3.664%, 07/15/2045		372,172		370,388
Series 2013-C17, Class A4, 4.199%, 01/15/2047		202,000		198,905
Series 2014-C23, Class A4, 3.670%, 09/15/2047		330,801		321,001
Series 2015-C28, Class A3, 2.912%, 10/15/2048		1,120,576		1,067,870
Series 2015-C30, Class A5, 3.822%, 07/15/2048		535,000		511,399
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2013-C16, Class A4, 4.166%, 12/15/2046		902,000		891,458
Series 2016-JP4, Class A3, 3.393%, 12/15/2049		198,000		185,780
Med Trust Series 2021-MDLN, Class A (1 month LIBOR + 0.950%) 5.635%, 11/15/2038 (B)(D)		1,269,229		1,221,621
MFA Trust Series 2021-NQM2, Class A1 1.029%, 11/25/2064 (D)(F)		288,767		236,091
Morgan Stanley Capital I Trust
Series 2019-L2, Class A3, 3.806%, 03/15/2052		454,000		421,147
Series 2020-HR8, Class A3, 1.790%, 07/15/2053		557,000		444,477
New Residential Mortgage Loan Trust Series 2019-NQM4, Class A1 2.492%, 09/25/2059 (D)(F)		147,288		134,704
NewRez Warehouse Securitization Trust Series 2021-1, Class A (1 month LIBOR + 0.750%) 5.595%, 05/25/2055 (B)(D)		1,636,267		1,618,312
Starwood Mortgage Residential Trust
Series 2020-1, Class A1, 2.275%, 02/25/2050 (D)(F)		53,125		50,379
Series 2020-3, Class A1, 1.486%, 04/25/2065 (D)(F)		212,933		199,285
Series 2020-INV1, Class A1, 1.027%, 11/25/2055 (D)(F)		197,699		173,765
Series 2021-1, Class A1, 1.219%, 05/25/2065 (D)(F)		259,821		223,539
Series 2021-4, Class A1, 1.162%, 08/25/2056 (D)(F)		662,347		546,806

 

44

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Verus Securitization Trust
Series 2019-4, Class A1 (2.642% to 10-25-23, then 3.642% thereafter), 2.642%, 11/25/2059 (D)	$	242,868	$	230,924
Series 2019-INV2, Class A1, 2.913%, 07/25/2059 (D)(F)		129,798		125,345
Series 2019-INV3, Class A1, 2.692%, 11/25/2059 (D)(F)		105,883		100,652
Series 2020-1, Class A1 (2.417% to 1-25-24, then 3.417% thereafter), 2.417%, 01/25/2060 (D)		258,345		244,056
Series 2020-2, Class A1, 2.226%, 05/25/2060 (D)(F)		110,799		106,426
Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter), 1.218%, 05/25/2065 (D)		97,378		88,587
Series 2021-1, Class A1, 0.815%, 01/25/2066 (D)(F)		337,834		282,394
Series 2021-2, Class A1, 1.031%, 02/25/2066 (D)(F)		628,643		533,152
Series 2021-3, Class A1, 1.046%, 06/25/2066 (D)(F)		473,090		394,048
Series 2021-4, Class A1, 0.938%, 07/25/2066 (D)(F)		582,390		466,052
Series 2021-5, Class A1, 1.013%, 09/25/2066 (D)(F)		1,753,820		1,417,985
Series 2021-7, Class A1, 1.829%, 10/25/2066 (D)(F)		886,576		750,915
Series 2021-8, Class A1, 1.824%, 11/25/2066 (D)(F)		631,251		536,586
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (D)(F)		289,423		259,496
Series 2021-R3, Class A1, 1.020%, 04/25/2064 (D)(F)		295,230		262,012
Visio Trust Series 2020-1R, Class A1 1.312%, 11/25/2055 (D)		216,064		195,053
				33,062,877
U.S. Government Agency – 6.3%
Federal Home Loan Mortgage Corp.
Series 264, Class 30, 3.000%, 07/15/2042		1,002,576		928,997
Series 272, Class F1 (1 month LIBOR + 0.500%), 5.184%, 08/15/2042 (B)		469,720		461,455
Series 280, Class F1 (1 month LIBOR + 0.500%), 5.184%, 09/15/2042 (B)		482,419		474,277
Series 4205, Class PA, 1.750%, 05/15/2043		322,308		279,723
Series 4240, Class FA (1 month LIBOR + 0.500%), 5.184%, 08/15/2043 (B)		873,217		857,945
Series 4742, Class PA, 3.000%, 10/15/2047		869,974		802,884
Series 4793, Class FD (1 month LIBOR + 0.300%), 4.984%, 06/15/2048 (B)		131,964		126,970
Series 4826, Class KF (1 month LIBOR + 0.300%), 4.984%, 09/15/2048 (B)		269,947		259,991
Series 4880, Class DA, 3.000%, 05/15/2050		658,847		611,099

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 4993, Class KF (1 month LIBOR + 0.450%), 5.295%, 07/25/2050 (B)	$	2,385,008	$	2,289,423
Series 5004, Class FM (1 month LIBOR + 0.350%), 5.195%, 08/25/2050 (B)		513,838		493,025
Series 5091, Class AB, 1.500%, 03/25/2051		1,067,972		872,511
Series 5119, Class AB, 1.500%, 08/25/2049		437,413		352,527
Series 5119, Class QF (1 month SOFR + 0.200%), 4.760%, 06/25/2051 (B)		724,731		691,527
Series 5143, Class GA, 2.000%, 06/25/2049		362,502		303,723
Series 5178, Class TP, 2.500%, 04/25/2049		802,061		703,978
Series 5182, Class M, 2.500%, 05/25/2049		505,932		456,187
Series 5201, Class CA, 2.500%, 07/25/2048		742,233		671,939
Series 5202, Class LA, 2.500%, 05/25/2049		727,155		641,426
Series 5203, Class G, 2.500%, 11/25/2048		321,211		285,010
Series 5217, Class CD, 2.500%, 07/25/2049		641,798		584,733
Series 5300, Class C, 2.000%, 09/25/2047		1,037,000		925,928
Federal National Mortgage Association
Series 2012-133, Class JF (1 month LIBOR + 0.350%), 5.195%, 12/25/2042 (B)		400,666		390,917
Series 2012-151, Class NX, 1.500%, 01/25/2043		351,914		301,797
Series 2013-11, Class AP, 1.500%, 01/25/2043		1,199,898		1,074,090
Series 2013-15, Class FA (1 month LIBOR + 0.350%), 5.195%, 03/25/2043 (B)		485,354		474,122
Series 2013-43, Class BP, 1.750%, 05/25/2043		403,717		350,737
Series 2014-25, Class EL, 3.000%, 05/25/2044		453,205		417,202
Series 2015-20, Class EF (1 month LIBOR + 0.350%), 5.195%, 04/25/2045 (B)		1,121,745		1,093,196
Series 2015-26, Class GF (1 month LIBOR + 0.300%), 5.145%, 05/25/2045 (B)		699,564		682,201
Series 2015-32, Class FA (1 month LIBOR + 0.300%), 5.145%, 05/25/2045 (B)		419,034		407,003
Series 2015-48, Class FB (1 month LIBOR + 0.300%), 5.145%, 07/25/2045 (B)		524,899		510,598
Series 2015-84, Class PA, 1.700%, 08/25/2033		1,382,316		1,259,009
Series 2016-48, Class MA, 2.000%, 06/25/2038		1,420,978		1,294,453
Series 2016-57, Class PC, 1.750%, 06/25/2046		2,754,706		2,337,077

 

45

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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 National Mortgage Association (continued)
Series 2017-13, Class PA, 3.000%, 08/25/2046	$	538,253	$	502,605
Series 2017-M7, Class A2, 2.961%, 02/25/2027 (F)		275,523		261,413
Series 2018-14, Class KC, 3.000%, 03/25/2048		917,593		863,919
Series 2018-8, Class KL, 2.500%, 03/25/2047		499,810		445,114
Series 2018-85, Class EA, 3.500%, 12/25/2048		382,703		367,747
Series 2018-85, Class FE (1 month LIBOR + 0.300%), 5.145%, 12/25/2048 (B)		1,152,070		1,119,790
Series 2019-15, Class FA (1 month LIBOR + 0.500%), 5.345%, 04/25/2049 (B)		272,514		265,490
Series 2019-25, Class PA, 3.000%, 05/25/2048		889,037		822,572
Series 2019-43, Class FC (1 month LIBOR + 0.400%), 5.245%, 08/25/2049 (B)		546,901		529,852
Series 2019-67, Class FB (1 month LIBOR + 0.450%), 5.295%, 11/25/2049 (B)		268,356		260,639
Series 2020-34, Class F (1 month LIBOR + 0.450%), 5.295%, 06/25/2050 (B)		373,086		361,085
Series 2020-45, Class JL, 3.000%, 07/25/2040		912,083		836,619
Series 2020-48, Class AB, 2.000%, 07/25/2050		428,006		360,190
Series 2020-48, Class DA, 2.000%, 07/25/2050		1,309,707		1,114,319
Series 2021-27, Class EC, 1.500%, 05/25/2051		1,816,952		1,484,780
Series 2021-78, Class ND, 1.500%, 11/25/2051		1,033,750		865,433
Series 2021-78, Class PA, 2.500%, 11/25/2051		580,332		515,029
Series 2022-11, Class A, 2.500%, 07/25/2047		1,626,958		1,482,230
Series 2022-28, Class CA, 2.000%, 01/25/2048		598,095		534,604
Series 414, Class A35, 3.500%, 10/25/2042		1,099,279		1,047,632
Government National Mortgage Association
Series 2012-141, Class WA, 4.521%, 11/16/2041 (F)		172,701		171,206
Series 2016-120, Class FA (1 month LIBOR + 0.400%), 5.161%, 09/20/2046 (B)		256,530		250,411
Series 2017-167, Class BQ, 2.500%, 08/20/2044		474,454		437,390
Series 2021-23, Class MG, 1.500%, 02/20/2051		1,252,954		1,044,650
Series 2021-27, Class BD, 5.000%, 02/20/2051		499,474		508,336
Series 2021-27, Class CW, 5.001%, 02/20/2051 (F)		651,870		654,796
Series 2021-27, Class NT, 5.000%, 02/20/2051		517,318		511,724

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2021-27, Class Q, 5.000%, 02/20/2051	$	453,025	$	449,016
Series 2021-8, Class CY, 5.000%, 01/20/2051		462,420		465,034
Series 2022-107, Class C, 2.500%, 06/20/2051		2,166,077		1,866,187
Series 2022-197, Class LF (1 month SOFR + 0.700%), 5.259%, 11/20/2052 (B)		1,893,543		1,892,672
Series 2022-205, Class A, 2.000%, 09/20/2051		782,968		644,672
Series 2022-31, Class GH, 2.500%, 12/20/2049		1,415,957		1,280,336
Series 2022-50, Class DC, 2.500%, 08/20/2051		641,181		558,021
Series 2022-84, Class A, 2.500%, 01/20/2052		638,139		553,204
				49,996,397
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $89,353,884)			$	83,059,274
ASSET BACKED SECURITIES – 11.7%
Ally Auto Receivables Trust Series 2022-3, Class A4 5.070%, 06/15/2031		331,000		334,891
American Express Credit Account Master Trust
Series 2022-3, Class A 3.750%, 08/15/2027		546,000		536,290
Series 2022-4, Class A 4.950%, 10/15/2027		756,000		763,171
AmeriCredit Automobile Receivables Trust
Series 2022-1, Class A3 2.450%, 11/18/2026		259,000		250,458
Series 2022-2, Class A3 4.380%, 04/18/2028		633,000		625,626
Series 2023-1, Class A3 5.620%, 11/18/2027		913,000		926,028
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A 2.360%, 03/20/2026 (D)		678,000		642,787
Series 2020-1A, Class A 2.330%, 08/20/2026 (D)		494,000		463,802
Series 2021-2A, Class A 1.660%, 02/20/2028 (D)		1,415,000		1,244,120
Series 2022-4A, Class A 4.770%, 02/20/2029 (D)		322,000		316,400
Series 2023-1A, Class A 5.250%, 04/20/2029 (D)		1,358,000		1,360,898
Series 2023-2A, Class A 5.200%, 10/20/2027 (D)		761,000		759,235
Series 2023-4A, Class A 5.340%, 06/20/2029 (D)		1,581,000		1,579,555
BA Credit Card Trust Series 2022-A1, Class A1 3.530%, 11/15/2027		988,000		965,347
BMW Vehicle Lease Trust
Series 2023-1, Class A3 5.160%, 11/25/2025		242,000		242,705

 

46

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
BMW Vehicle Lease Trust (continued)
Series 2023-1, Class A4 5.070%, 06/25/2026	$	457,000	$	458,559
Capital One Multi-Asset Execution Trust Series 2022-A2, Class A 3.490%, 05/15/2027		883,000		862,237
Capital One Prime Auto Receivables Trust
Series 2023-1, Class A3 4.870%, 02/15/2028		1,891,000		1,903,585
Series 2023-1, Class A4 4.760%, 08/15/2028		630,000		633,717
Chase Auto Owner Trust Series 2022-AA, Class A4 3.990%, 03/27/2028 (D)		416,000		409,030
College Ave Student Loans LLC
Series 2017-A, Class A1 (1 month LIBOR + 1.650%) 6.495%, 11/26/2046 (B)(D)		322,463		320,383
Series 2018-A, Class A2 4.130%, 12/26/2047 (D)		229,826		216,336
Series 2019-A, Class A2 3.280%, 12/28/2048 (D)		405,398		370,678
Series 2021-A, Class A2 1.600%, 07/25/2051 (D)		531,134		463,935
Discover Card Execution Note Trust Series 2022-A4, Class A 5.030%, 10/15/2027		1,303,000		1,319,857
Enterprise Fleet Financing LLC
Series 2023-1, Class A2 5.510%, 01/22/2029 (D)		908,000		909,848
Series 2023-1, Class A3 5.420%, 10/22/2029 (D)		560,000		560,815
Ford Credit Auto Lease Trust
Series 2022-A, Class A4 3.370%, 07/15/2025		295,000		289,128
Series 2023-A, Class A3 4.940%, 03/15/2026		971,000		968,311
Series 2023-A, Class A4 4.830%, 05/15/2026		486,000		486,163
Ford Credit Auto Owner Trust
Series 2022-1, Class A 3.880%, 11/15/2034 (D)		2,096,000		2,029,376
Series 2022-A, Class A3 1.290%, 06/15/2026		411,000		393,587
Series 2022-C, Class A4 4.590%, 12/15/2027		746,000		744,759
Series 2022-D, Class A4 5.300%, 03/15/2028		299,000		305,212
Series 2023-1, Class A 4.850%, 08/15/2035 (D)		2,358,000		2,363,549
Series 2023-A, Class A3 4.650%, 02/15/2028		2,091,000		2,092,307
GM Financial Automobile Leasing Trust
Series 2023-1, Class A3 5.160%, 04/20/2026		484,000		486,417
Series 2023-1, Class A4 5.160%, 01/20/2027		680,000		681,309
GM Financial Consumer Automobile Receivables Trust
Series 2022-2, Class A3 3.100%, 02/16/2027		1,782,000		1,725,626
Series 2022-2, Class A4 3.250%, 04/17/2028		951,000		920,523
Series 2022-4, Class A3 4.820%, 08/16/2027		864,000		866,776

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
GM Financial Revolving Receivables Trust Series 2022-1, Class A 5.910%, 10/11/2035 (D)	$	786,000	$	824,188
Hertz Vehicle Financing LLC
Series 2021-2A, Class A 1.680%, 12/27/2027 (D)		740,000		655,467
Series 2022-1A, Class A 1.990%, 06/25/2026 (D)		1,505,000		1,402,057
Series 2022-4A, Class A 3.730%, 09/25/2026 (D)		735,000		708,841
Series 2023-2A, Class A 5.570%, 09/25/2029 (D)		1,513,000		1,535,350
Honda Auto Receivables Owner Trust
Series 2022-2, Class A4 3.760%, 12/18/2028		398,000		388,970
Series 2023-1, Class A3 5.040%, 04/21/2027		1,641,000		1,653,147
Series 2023-1, Class A4 4.970%, 06/21/2029		789,000		799,162
Hyundai Auto Lease Securitization Trust
Series 2022-C, Class A4 4.480%, 08/17/2026 (D)		873,000		862,740
Series 2023-A, Class A4 4.940%, 11/16/2026 (D)		399,000		398,164
Hyundai Auto Receivables Trust
Series 2021-C, Class A4 1.030%, 12/15/2027		549,000		503,941
Series 2022-A, Class A3 2.220%, 10/15/2026		1,004,000		965,206
Series 2022-A, Class A4 2.350%, 04/17/2028		341,000		322,519
Series 2022-C, Class A4 5.520%, 10/16/2028		693,000		711,699
Mercedes-Benz Auto Receivables Trust
Series 2022-1, Class A4 5.250%, 02/15/2029		693,000		706,464
Series 2023-1, Class A3 4.510%, 11/15/2027		664,000		663,103
Series 2023-1, Class A4 4.310%, 04/16/2029		538,000		534,167
Navient Private Education Loan Trust
Series 2014-AA, Class A3 (1 month LIBOR + 1.600%) 6.284%, 10/15/2031 (B)(D)		422,768		421,523
Series 2016-AA, Class A2B (1 month LIBOR + 2.150%) 6.834%, 12/15/2045 (B)(D)		242,537		243,160
Series 2020-IA, Class A1A 1.330%, 04/15/2069 (D)		1,268,580		1,115,618
Navient Private Education Refi Loan Trust
Series 2018-A, Class A2 3.190%, 02/18/2042 (D)		3,721		3,697
Series 2018-CA, Class A2 3.520%, 06/16/2042 (D)		29,345		28,740
Series 2018-DA, Class A2A 4.000%, 12/15/2059 (D)		580,262		559,219
Series 2019-CA, Class A2 3.130%, 02/15/2068 (D)		476,564		454,296
Series 2019-D, Class A2A 3.010%, 12/15/2059 (D)		1,128,800		1,059,675
Series 2019-FA, Class A2 2.600%, 08/15/2068 (D)		623,693		576,833
Series 2020-BA, Class A2 2.120%, 01/15/2069 (D)		409,115		373,871

 

47

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Navient Private Education Refi Loan Trust (continued)
Series 2020-EA, Class A 1.690%, 05/15/2069 (D)	$	107,947	$	97,158
Series 2020-GA, Class A 1.170%, 09/16/2069 (D)		432,803		387,089
Series 2020-HA, Class A 1.310%, 01/15/2069 (D)		310,515		284,891
Series 2021-A, Class A 0.840%, 05/15/2069 (D)		173,867		152,021
Series 2021-BA, Class A 0.940%, 07/15/2069 (D)		248,402		216,922
Series 2021-CA, Class A 1.060%, 10/15/2069 (D)		1,023,581		893,479
Series 2021-EA, Class A 0.970%, 12/16/2069 (D)		1,391,913		1,181,645
Series 2021-FA, Class A 1.110%, 02/18/2070 (D)		869,511		733,360
Series 2021-GA, Class A 1.580%, 04/15/2070 (D)		215,673		188,417
Series 2022-A, Class A 2.230%, 07/15/2070 (D)		2,091,201		1,877,870
Navient Student Loan Trust
Series 2019-BA, Class A2A 3.390%, 12/15/2059 (D)		898,649		856,717
Series 2021-3A, Class A1A 1.770%, 08/25/2070 (D)		961,538		842,900
Nelnet Student Loan Trust
Series 2004-3, Class A5 (3 month LIBOR + 0.180%) 4.998%, 10/27/2036 (B)		657,558		642,192
Series 2004-4, Class A5 (3 month LIBOR + 0.160%) 4.978%, 01/25/2037 (B)		680,368		669,818
Series 2005-1, Class A5 (3 month LIBOR + 0.110%) 4.928%, 10/25/2033 (B)		2,019,989		1,973,222
Series 2005-2, Class A5 (3 month LIBOR + 0.100%) 5.047%, 03/23/2037 (B)		1,942,517		1,896,047
Series 2005-3, Class A5 (3 month LIBOR + 0.120%) 5.067%, 12/24/2035 (B)		1,340,579		1,311,041
Series 2005-4, Class A4 (3 month LIBOR + 0.180%) 5.127%, 03/22/2032 (B)		351,261		340,960
Nissan Auto Receivables Owner Trust Series 2022-B, Class A4 4.450%, 11/15/2029		415,000		412,182
PenFed Auto Receivables Owner Trust
Series 2022-A, Class A3 3.960%, 04/15/2026 (D)		615,000		607,274
Series 2022-A, Class A4 4.180%, 12/15/2028 (D)		302,000		298,755
Santander Drive Auto Receivables Trust
Series 2022-2, Class A3 2.980%, 10/15/2026		1,878,000		1,850,641
Series 2022-3, Class A3 3.400%, 12/15/2026		625,000		616,128
Series 2022-4, Class A3 4.140%, 02/16/2027		889,000		877,164
Series 2022-5, Class A3 4.110%, 08/17/2026		733,000		725,103
Series 2022-6, Class A3 4.490%, 11/16/2026		1,551,000		1,536,139
Series 2022-7, Class A3 5.750%, 04/15/2027		503,000		507,702

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
SMB Private Education Loan Trust
Series 2016-B, Class A2A 2.430%, 02/17/2032 (D)	$	66,342	$	63,930
Series 2016-B, Class A2B (1 month LIBOR + 1.450%) 6.134%, 02/17/2032 (B)(D)		26,063		26,009
Series 2016-C, Class A2B (1 month LIBOR + 1.100%) 5.784%, 09/15/2034 (B)(D)		175,888		174,569
Series 2018-C, Class A2A 3.630%, 11/15/2035 (D)		128,231		122,739
Series 2019-A, Class A2A 3.440%, 07/15/2036 (D)		279,254		266,835
Series 2020-B, Class A1A 1.290%, 07/15/2053 (D)		478,614		428,684
Series 2020-PTA, Class A2A 1.600%, 09/15/2054 (D)		757,431		677,005
Series 2020-PTB, Class A2A 1.600%, 09/15/2054 (D)		2,079,726		1,861,902
Series 2021-A, Class APT1 1.070%, 01/15/2053 (D)		1,294,592		1,114,393
Series 2021-B, Class A 1.310%, 07/17/2051 (D)		466,261		414,951
Series 2021-D, Class A1A 1.340%, 03/17/2053 (D)		1,270,267		1,135,543
Series 2021-E, Class A1A 1.680%, 02/15/2051 (D)		911,717		828,678
Series 2022-D, Class A1B (1 month SOFR + 1.800%) 6.358%, 10/15/2058 (B)(D)		715,412		718,174
SoFi Professional Loan Program LLC
Series 2017-D, Class A2FX 2.650%, 09/25/2040 (D)		23,539		22,502
Series 2017-E, Class A2B 2.720%, 11/26/2040 (D)		69,756		69,431
Series 2020-C, Class AFX 1.950%, 02/15/2046 (D)		88,659		80,605
Series 2021-A, Class AFX 1.030%, 08/17/2043 (D)		307,199		258,007
Series 2021-B, Class AFX 1.140%, 02/15/2047 (D)		709,410		592,737
Synchrony Card Funding LLC
Series 2022-A1, Class A 3.370%, 04/15/2028		761,000		738,706
Series 2022-A2, Class A 3.860%, 07/15/2028		467,000		458,274
T-Mobile US Trust Series 2022-1A, Class A 4.910%, 05/22/2028 (D)		1,152,000		1,157,173
Toyota Auto Loan Extended Note Trust Series 2022-1A, Class A 3.820%, 04/25/2035 (D)		744,000		720,984
Toyota Auto Receivables Owner Trust
Series 2022-B, Class A4 3.110%, 08/16/2027		709,000		679,934
Series 2022-C, Class A4 3.770%, 02/15/2028		667,000		650,463
Series 2022-D, Class A4 5.430%, 04/17/2028		378,000		387,135
Series 2023-A, Class A4 4.420%, 08/15/2028		506,000		503,307
Triton Container Finance VIII LLC Series 2020-1A, Class A 2.110%, 09/20/2045 (D)		213,413		186,965
Verizon Master Trust
Series 2022-2, Class A 1.530%, 07/20/2028		577,000		544,334

 

48

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Verizon Master Trust (continued)
Series 2022-4, Class A (3.400% to 6-20-25, then 4.150% thereafter) 3.400%, 11/20/2028	$	1,226,000	$	1,196,061
Series 2022-6, Class A (3.670% to 7-20-25, then 4.420% thereafter) 3.670%, 01/22/2029		1,083,000		1,054,897
Series 2023-1, Class A (4.490% to 1-20-26, then 5.240% thereafter) 4.490%, 01/22/2029		1,174,000		1,171,395
World Omni Select Auto Trust Series 2023-A, Class A2A 5.920%, 03/15/2027		761,000		759,380
TOTAL ASSET BACKED SECURITIES (Cost $96,820,783)			$	93,307,692
SHORT-TERM INVESTMENTS – 2.5%
Short-term funds – 2.5%
John Hancock Collateral Trust, 4.9438% (G)(H)		2,018		20,173
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (G)		19,965,215		19,965,215
TOTAL SHORT-TERM INVESTMENTS (Cost $19,985,393)			$	19,985,388
Total Investments (Core Bond Trust) (Cost $880,338,784) – 105.1%			$	835,326,587
Other assets and liabilities, net – (5.1%)				(40,777,105)
TOTAL NET ASSETS – 100.0%			$	794,549,482
SALE COMMITMENTS OUTSTANDING - (1.0)%
U.S. Government Agency – (1.0%)
Federal National Mortgage Association 3.500%, TBA (A)	$	(8,700,000)	$	(8,080,121)
TOTAL SALE COMMITMENTS OUTSTANDING (Proceeds received $7,936,152)			$	(8,080,121)

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
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)	Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
(D)	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 $94,360,439 or 11.9% of the fund's net assets as of 3-31-23.
(E)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $20,375.
(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 3-31-23.

Core Bond Trust (continued)

(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.

Disciplined Value International Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 98.3%
Austria - 1.0%
ANDRITZ AG	42,455	$	2,872,696
Belgium - 0.4%
Azelis Group NV	41,135		1,042,396
Bermuda - 1.6%
Everest Re Group, Ltd.	12,663		4,533,607
Brazil - 0.6%
Banco do Brasil SA	199,200		1,537,100
Canada - 8.9%
Canadian Natural Resources, Ltd.	76,597		4,238,764
Cenovus Energy, Inc.	301,069		5,252,835
Kinross Gold Corp.	553,727		2,605,774
MEG Energy Corp. (A)	152,344		2,447,198
Suncor Energy, Inc.	187,261		5,813,889
Teck Resources, Ltd., Class B	127,231		4,645,838
			25,004,298
China - 2.4%
Alibaba Group Holding, Ltd. (A)	531,600		6,732,978
Finland - 1.0%
Metso Outotec OYJ	102,273		1,116,763
Nordea Bank ABP (Nasdaq Stockholm Exchange)	154,544		1,650,266
			2,767,029
France - 9.9%
Airbus SE	20,560		2,746,160
AXA SA	87,805		2,679,608
Capgemini SE	10,322		1,918,203
Imerys SA	58,990		2,548,460
Kering SA	2,526		1,648,041
Rexel SA (A)	130,486		3,102,282
Sanofi	53,420		5,794,958
SPIE SA	55,143		1,600,520
TotalEnergies SE	97,717		5,761,783
			27,800,015
Germany - 7.1%
Allianz SE	11,198		2,584,913
Brenntag SE	29,720		2,236,625
Commerzbank AG (A)	263,215		2,771,203
Daimler Truck Holding AG (A)	70,091		2,365,513
Deutsche Telekom AG	105,922		2,566,744
Rheinmetall AG	6,635		1,965,629
Siemens AG	32,906		5,330,923
			19,821,550
Greece - 0.6%
Hellenic Telecommunications Organization SA	114,174		1,672,178
India - 1.4%
HDFC Bank, Ltd., ADR	60,225		4,015,201
Ireland - 3.8%
CRH PLC	75,057		3,791,427
Flutter Entertainment PLC (London Stock Exchange) (A)	10,613		1,915,023
Ryanair Holdings PLC (A)	299,641		4,847,237
			10,553,687
Japan - 16.2%
Asahi Group Holdings, Ltd.	73,100		2,720,639

 

49

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Chugai Pharmaceutical Company, Ltd.	64,100	$	1,582,798
Fuji Corp. (Aichi)	157,200		2,661,832
Honda Motor Company, Ltd.	99,200		2,623,956
Idemitsu Kosan Company, Ltd.	57,900		1,267,591
IHI Corp.	151,700		3,810,581
KDDI Corp.	160,000		4,934,043
Komatsu, Ltd.	186,100		4,619,959
Mitsubishi Heavy Industries, Ltd.	51,400		1,893,629
Renesas Electronics Corp. (A)	602,000		8,717,447
Sony Group Corp.	56,800		5,173,536
Subaru Corp.	129,600		2,068,884
Sumitomo Mitsui Financial Group, Inc.	89,200		3,569,568
			45,644,463
Netherlands - 5.4%
Aalberts NV	52,019		2,457,199
ING Groep NV	313,166		3,718,971
Koninklijke Ahold Delhaize NV	90,826		3,103,095
Stellantis NV	325,928		5,923,007
			15,202,272
Norway - 0.5%
Norsk Hydro ASA	176,400		1,316,548
Singapore - 2.5%
Genting Singapore, Ltd.	2,425,800		2,047,392
United Overseas Bank, Ltd.	226,900		5,089,150
			7,136,542
South Korea - 2.0%
Hana Financial Group, Inc.	38,811		1,215,521
POSCO Holdings, Inc.	7,742		2,190,377
Samsung Electronics Company, Ltd.	44,131		2,182,320
			5,588,218
Spain - 0.9%
Banco Bilbao Vizcaya Argentaria SA (B)	358,333		2,561,863
Sweden - 0.4%
Svenska Handelsbanken AB, A Shares	139,746		1,210,321
Switzerland - 8.0%
Glencore PLC	894,943		5,149,670
Novartis AG	50,699		4,655,108
STMicroelectronics NV	145,454		7,750,359
Swiss Re AG	24,724		2,539,984
UBS Group AG	118,702		2,511,829
			22,606,950
United Kingdom - 20.1%
AstraZeneca PLC	59,956		8,307,119
BAE Systems PLC	562,301		6,801,633
Coca-Cola Europacific Partners PLC	79,931		4,731,116
CVS Group PLC	49,753		1,137,481
Endeavour Mining PLC	91,671		2,209,193
Ferroglobe PLC (A)	271,299		1,340,217
Future PLC	126,068		1,811,960
IMI PLC	246,062		4,657,632
Inchcape PLC	79,352		760,642
Informa PLC	301,545		2,584,669
JD Sports Fashion PLC	1,581,477		3,482,748
NatWest Group PLC	714,371		2,331,001
Nomad Foods, Ltd. (A)	112,251		2,103,584
Shell PLC	139,765		3,983,085
SSE PLC	219,333		4,894,138
Tesco PLC	760,865		2,494,431
WH Smith PLC	148,518		2,749,126
			56,379,775
United States - 3.6%
Applied Materials, Inc.	17,601		2,161,931

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
Booking Holdings, Inc. (A)	2,641	$	7,005,015
Ovintiv, Inc. (B)	29,366		1,058,610
			10,225,556
TOTAL COMMON STOCKS (Cost $255,137,928)		$	276,225,243
SHORT-TERM INVESTMENTS - 3.5%
Short-term funds - 3.5%
Fidelity Government Portfolio, Institutional Class, 4.6871% (C)	5,836,744		5,836,744
John Hancock Collateral Trust, 4.9438% (C)(D)	411,398		4,112,703
TOTAL SHORT-TERM INVESTMENTS (Cost $9,949,634)		$	9,949,447
Total Investments (Disciplined Value International Trust) (Cost $265,087,562) - 101.8%		$	286,174,690
Other assets and liabilities, net - (1.8%)			(5,045,142)
TOTAL NET ASSETS - 100.0%		$	281,129,548

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 3-31-23. The value of securities on loan amounted to $3,554,044.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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.

Emerging Markets Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.9%
Australia - 0.0%
MMG, Ltd. (A)	184,000	$	53,968
Belgium - 0.0%
Titan Cement International SA (A)	2,489		39,648
Brazil - 2.4%
Anima Holding SA (A)	24,800		12,281
Atacadao SA	7,800		19,067
Banco Bradesco SA	87,225		203,931
Banco do Brasil SA	57,415		443,035
Banco Santander Brasil SA	21,018		111,135
Boa Vista Servicos SA	13,400		19,961
BrasilAgro - Company Brasileira de Propriedades Agricolas	4,600		21,873
BRF SA (A)	36,731		45,004
Brisanet Participacoes SA	16,300		6,882
Camil Alimentos SA	10,600		14,221
Cia Brasileira de Aluminio	14,963		22,378
Cia Brasileira de Distribuicao	15,747		45,764
Cia Siderurgica Nacional SA	33,485		102,005
Cia Siderurgica Nacional SA, ADR (B)	9,153		28,100
Cielo SA	97,021		92,839
Cogna Educacao SA (A)	86,874		32,052
Construtora Tenda SA (A)	4,000		3,780
Cruzeiro do Sul Educacional SA	10,800		4,475
Cyrela Brazil Realty SA Empreendimentos e Participacoes	34,623		96,182
Dexco SA	6,270		7,274
Direcional Engenharia SA	8,400		26,484
Embraer SA (A)	67,674		277,588
Empreendimentos Pague Menos S/A	17,964		10,987

 

50

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Brazil (continued)
Enauta Participacoes SA	16,860	$	37,689
Eternit SA	4,300		7,941
Even Construtora e Incorporadora SA	19,800		17,228
Ez Tec Empreendimentos e Participacoes SA	8,609		20,688
Gerdau SA, ADR	21,735		107,154
Guararapes Confeccoes SA	10,200		8,654
Hapvida Participacoes e Investimentos SA (A)(C)	267,172		138,107
International Meal Company Alimentacao SA (A)	26,670		10,208
Iochpe Maxion SA	11,411		27,017
Jalles Machado SA	7,900		10,537
JBS SA	60,990		214,794
JHSF Participacoes SA	28,427		20,752
Lavvi Empreendimentos Imobiliarios Ltda	21,300		21,433
Marisa Lojas SA (A)	19,338		2,442
MRV Engenharia e Participacoes SA	32,337		40,705
Multilaser Industrial SA	20,600		5,568
Natura & Company Holding SA	63,132		164,418
Petroleo Brasileiro SA	380,053		1,986,328
Positivo Tecnologia SA	9,000		13,477
Romi SA	5,677		20,464
Sao Carlos Empreendimentos e Participacoes SA	5,205		15,271
TIM SA	76,910		190,892
Trisul SA	13,137		7,931
Tupy SA	9,951		47,552
Ultrapar Participacoes SA	9,031		24,874
Usinas Siderurgicas de Minas Gerais SA	14,738		23,175
Vale SA	2,648		41,947
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA	7,000		13,286
Via SA (A)	129,207		47,926
Vibra Energia SA	43,287		123,068
YDUQS Participacoes SA	12,275		17,074
Zamp SA (A)	11,800		10,826
			5,086,724
Canada - 0.0%
China Gold International Resources Corp., Ltd.	15,600		56,900
Chile - 0.7%
Banco de Credito e Inversiones SA	811		23,768
Camanchaca SA (A)	214,992		15,002
CAP SA	5,458		45,401
Cementos BIO BIO SA	16,447		10,772
Cencosud SA	114,122		220,682
Cia Sud Americana de Vapores SA	687,612		68,529
Cristalerias de Chile SA	3,626		13,717
Empresa Nacional de Telecomunicaciones SA	15,564		61,351
Empresas CMPC SA	53,560		89,449
Empresas COPEC SA	30,801		217,286
Empresas Hites SA	46,731		5,875
Enel Americas SA	1,058,745		139,558
Falabella SA	34,807		80,140
Grupo Security SA	147,513		29,538
Hortifrut SA	7,570		12,356
Inversiones Aguas Metropolitanas SA	42,648		28,976
Itau CorpBanca Chile SA	10,081,598		24,866
Itau CorpBanca, ADR (A)	3,623		13,043
Masisa SA (A)	321,066		12,838
PAZ Corp. SA	16,523		8,998

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chile (continued)
Ripley Corp. SA	137,631	$	29,325
Salfacorp SA	66,762		28,012
Sigdo Koppers SA	50,989		71,813
SMU SA	245,031		44,898
Sociedad Matriz SAAM SA	670,600		73,064
Socovesa SA	113,429		14,423
SONDA SA	24,563		12,989
			1,396,669
China - 25.0%
360 DigiTech, Inc., ADR	2,283		44,290
360 Security Technology, Inc., Class A	16,800		42,757
361 Degrees International, Ltd. (A)	119,000		59,088
3SBio, Inc. (C)	146,500		145,800
AAC Technologies Holdings, Inc. (A)	79,500		196,633
Addsino Company, Ltd., Class A	9,800		16,058
Agile Group Holdings, Ltd. (A)	157,000		34,936
Agricultural Bank of China, Ltd., H Shares	1,798,000		665,846
Alibaba Group Holding, Ltd. (A)	170,600		2,160,734
A-Living Smart City Services Company, Ltd. (C)	58,250		50,498
Allmed Medical Products Company, Ltd., Class A	6,100		10,920
Aluminum Corp. of China, Ltd., H Shares	372,000		188,421
Angang Steel Company, Ltd., H Shares	167,800		53,612
Anhui Conch Cement Company, Ltd., H Shares	124,000		429,749
Anhui Construction Engineering Group Company, Ltd., Class A	14,900		13,100
Anhui Guangxin Agrochemical Company, Ltd., Class A	4,480		21,527
Anhui Jinhe Industrial Company, Ltd., Class A	10,200		44,669
Anhui Truchum Advanced Materials & Technology Company, Ltd., Class A	12,200		13,340
Anhui Zhongding Sealing Parts Company, Ltd., Class A	9,200		17,036
Anton Oilfield Services Group (A)	284,000		14,324
Aoshikang Technology Company, Ltd., Class A	4,600		23,462
Asia - Potash International Investment Guangzhou Company, Ltd., Class A (A)	5,200		20,692
Asia Cement China Holdings Corp.	65,000		27,900
AsiaInfo Technologies, Ltd. (C)	10,000		18,446
Avary Holding Shenzhen Company, Ltd., Class A	8,600		38,890
AVIC Industry-Finance Holdings Company, Ltd., Class A	40,100		23,924
AviChina Industry & Technology Company, Ltd., H Shares	230,000		120,854
BAIC Motor Corp., Ltd., H Shares (C)	207,000		57,492
Baidu, Inc., ADR (A)	11,954		1,804,098
Baidu, Inc., Class A (A)	3,350		63,118
BAIOO Family Interactive, Ltd. (C)	126,000		6,899
Bank of Beijing Company, Ltd., Class A	90,000		57,674
Bank of Changsha Company, Ltd., Class A	41,600		47,971
Bank of Chengdu Company, Ltd., Class A	28,200		55,661
Bank of China, Ltd., H Shares	5,842,694		2,239,896
Bank of Chongqing Company, Ltd., H Shares	69,500		37,863

 

51

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Bank of Communications Company, Ltd., H Shares	485,876	$	305,570
Bank of Guiyang Company, Ltd., Class A	19,600		15,731
Bank of Hangzhou Company, Ltd., Class A	38,900		65,737
Bank of Jiangsu Company, Ltd., Class A	99,100		101,365
Bank of Nanjing Company, Ltd., Class A	67,500		88,029
Bank of Ningbo Company, Ltd., Class A	36,960		146,809
Bank of Shanghai Company, Ltd., Class A	57,000		49,712
Bank of Suzhou Company, Ltd., Class A	21,010		21,296
Bank of Tianjin Company, Ltd., H Shares (A)	74,000		18,081
Baoshan Iron & Steel Company, Ltd., Class A	116,100		105,421
Baoye Group Company, Ltd., H Shares (A)	22,000		11,169
Baozun, Inc., Class A (A)	1,300		2,502
BBMG Corp., H Shares	220,000		28,609
Beijing Capital Eco-Environment Protection Group Company, Ltd., Class A	50,000		21,630
Beijing Capital International Airport Company, Ltd., H Shares (A)	188,000		138,460
Beijing Dabeinong Technology Group Company, Ltd., Class A (A)	18,200		20,691
Beijing Easpring Material Technology Company, Ltd., Class A	2,900		24,349
Beijing Enlight Media Company, Ltd., Class A	14,200		18,387
Beijing GeoEnviron Engineering & Technology, Inc., Class A	7,200		10,680
Beijing Jetsen Technology Company, Ltd., Class A (A)	27,000		26,462
Beijing Jingyuntong Technology Company, Ltd., Class A	11,700		11,218
Beijing New Building Materials PLC, Class A	12,300		47,985
Beijing North Star Company, Ltd., H Shares	132,000		14,750
Beijing Orient National Communication Science & Technology Company, Ltd., Class A (A)	10,200		22,419
Beijing Originwater Technology Company, Ltd., Class A	3,551		2,611
Beijing Shougang Company, Ltd., Class A	20,200		11,206
Beijing Shunxin Agriculture Company, Ltd., Class A	3,700		19,114
Beijing Sinnet Technology Company, Ltd., Class A	10,500		20,529
Beijing Thunisoft Corp., Ltd., Class A (A)	6,500		9,680
Beijing Urban Construction Design & Development Group Company, Ltd., H Shares (C)	35,000		11,039
Beijing Yanjing Brewery Company, Ltd., Class A	18,000		36,686
Beijing-Shanghai High Speed Railway Company, Ltd., Class A	97,200		73,792
BGI Genomics Company, Ltd., Class A	2,400		24,109
Blue Sail Medical Company, Ltd., Class A (A)	7,100		8,130

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Bluefocus Intelligent Communications Group Company, Ltd., Class A	17,200	$	23,995
BOC International China Company, Ltd., Class A	8,800		13,777
BOE Technology Group Company, Ltd., Class A	248,600		160,632
Bohai Leasing Company, Ltd., Class A (A)	50,900		15,562
Bright Dairy & Food Company, Ltd., Class A	9,600		14,941
BTG Hotels Group Company, Ltd., Class A	4,500		15,298
BYD Electronic International Company, Ltd.	63,500		197,619
C&S Paper Company, Ltd., Class A	7,000		12,321
Cabbeen Fashion, Ltd.	40,000		4,893
Caitong Securities Company, Ltd., Class A	33,670		36,834
Cangzhou Mingzhu Plastic Company, Ltd., Class A	15,000		9,695
CECEP Solar Energy Company, Ltd., Class A	34,200		34,093
CECEP Wind-Power Corp., Class A	25,480		14,361
Central China Management Company, Ltd.	113,732		7,508
Central China Real Estate, Ltd.	118,093		3,285
Changjiang Securities Company, Ltd., Class A	20,700		16,785
Changsha Broad Homes Industrial Group Company, Ltd., H Shares (A)(C)	9,000		5,188
Chaowei Power Holdings, Ltd.	88,000		19,193
Cheetah Mobile, Inc., ADR (A)	918		2,396
Chengdu Kanghong Pharmaceutical Group Company, Ltd., Class A	6,600		17,647
Chengdu Wintrue Holding Company, Ltd., Class A	15,700		25,479
Chengtun Mining Group Company, Ltd., Class A	12,000		9,997
Chengzhi Company, Ltd., Class A	5,100		6,713
China BlueChemical, Ltd., H Shares	200,000		51,635
China Bohai Bank Company, Ltd., H Shares (C)	291,000		49,544
China Cinda Asset Management Company, Ltd., H Shares	588,000		74,318
China CITIC Bank Corp., Ltd., H Shares	670,775		337,442
China Coal Energy Company, Ltd., H Shares	178,000		135,081
China Communications Services Corp., Ltd., H Shares	217,200		106,877
China Conch Environment Protection Holdings, Ltd. (A)	9,500		2,956
China Conch Venture Holdings, Ltd.	109,000		190,884
China Construction Bank Corp., H Shares	8,153,000		5,276,545
China CSSC Holdings, Ltd., Class A	14,900		50,857
China Development Bank Financial Leasing Company, Ltd., H Shares (C)	122,000		16,889
China Dili Group (A)(D)	190,600		11,218
China Dongxiang Group Company, Ltd.	361,000		15,683
China Electronics Optics Valley Union Holding Company, Ltd.	308,000		13,479
China Energy Engineering Corp., Ltd., H Shares	162,000		20,253
China Everbright Bank Company, Ltd., H Shares	248,000		75,234

 

52

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Galaxy Securities Company, Ltd., H Shares	301,000	$	151,545
China Great Wall Securities Company, Ltd., Class A	11,800		14,245
China Greatwall Technology Group Company, Ltd., Class A	14,300		25,768
China Green Electricity Investment of Tianjin Company, Ltd., Class A	7,500		12,494
China Hanking Holdings, Ltd.	61,000		6,109
China Harmony Auto Holding, Ltd.	105,500		13,188
China Hongqiao Group, Ltd.	249,000		239,284
China Huiyuan Juice Group, Ltd. (A)(D)	212,500		13,671
China International Marine Containers Group Company, Ltd., H Shares	97,050		66,859
China Jushi Company, Ltd., Class A	30,900		65,714
China Kepei Education Group, Ltd.	68,000		22,790
China Lesso Group Holdings, Ltd.	133,000		118,838
China Lilang, Ltd.	72,000		35,684
China Maple Leaf Educational Systems, Ltd. (A)(D)	222,000		9,050
China Meheco Company, Ltd., Class A	6,160		12,331
China Merchants Bank Company, Ltd., H Shares	261,500		1,327,902
China Merchants Property Operation & Service Company, Ltd., Class A	4,300		9,529
China Merchants Securities Company, Ltd., H Shares (C)	29,480		28,260
China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A	19,600		38,739
China Minsheng Banking Corp., Ltd., H Shares	371,400		127,260
China Modern Dairy Holdings, Ltd.	171,000		22,040
China National Accord Medicines Corp., Ltd., Class A	2,100		13,507
China National Building Material Company, Ltd., H Shares	391,450		321,742
China National Chemical Engineering Company, Ltd., Class A	40,100		54,153
China National Medicines Corp., Ltd., Class A	3,200		17,360
China National Nuclear Power Company, Ltd., Class A	111,100		103,424
China New Higher Education Group, Ltd. (C)	88,000		28,527
China Nonferrous Mining Corp., Ltd.	22,000		10,404
China Oilfield Services, Ltd., H Shares	128,000		131,583
China Oriental Group Company, Ltd.	164,000		30,938
China Pacific Insurance Group Company, Ltd., H Shares	163,600		433,719
China Petroleum & Chemical Corp., H Shares	1,878,000		1,108,245
China Railway Group, Ltd., H Shares	313,000		191,004
China Railway Signal & Communication Corp., Ltd., H Shares (C)	111,000		40,880
China Reinsurance Group Corp., H Shares	554,000		38,797
China Renaissance Holdings, Ltd. (A)(C)	12,000		11,107
China Resources Double Crane Pharmaceutical Company, Ltd., Class A	6,300		15,811
China Resources Medical Holdings Company, Ltd.	103,000		89,267
China Resources Pharmaceutical Group, Ltd. (C)	166,500		131,743

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A	5,700	$	47,719
China Risun Group, Ltd.	72,000		32,835
China Sanjiang Fine Chemicals Company, Ltd.	105,000		22,964
China SCE Group Holdings, Ltd.	229,200		21,290
China Shanshui Cement Group, Ltd. (A)	117,000		20,505
China Shenhua Energy Company, Ltd., H Shares	288,500		907,887
China Shineway Pharmaceutical Group, Ltd.	32,000		30,120
China Silver Group, Ltd. (A)	94,000		4,846
China South Publishing & Media Group Company, Ltd., Class A	14,900		25,220
China Southern Airlines Company, Ltd., H Shares (A)	48,000		34,245
China State Construction Engineering Corp., Ltd., Class A	265,600		223,938
China Sunshine Paper Holdings Company, Ltd.	31,500		9,520
China Taifeng Beddings Holdings, Ltd. (A)(D)	204,000		12,630
China Tower Corp., Ltd., H Shares (C)	3,970,000		480,489
China TransInfo Technology Company, Ltd., Class A (A)	9,500		18,611
China Tungsten And Hightech Materials Company, Ltd., Class A	8,600		16,797
China Vanke Company, Ltd., H Shares	137,592		217,113
China XLX Fertiliser, Ltd.	58,000		30,674
China Yongda Automobiles Services Holdings, Ltd.	101,000		71,751
China Yuhua Education Corp., Ltd. (A)(C)	162,000		27,295
China Zheshang Bank Company, Ltd., H Shares	42,000		14,342
China Zhongwang Holdings, Ltd. (A)(D)	196,800		42,118
Chinasoft International, Ltd. (A)	142,000		89,960
Chinese Universe Publishing and Media Group Company, Ltd., Class A	6,200		11,201
Chongqing Changan Automobile Company, Ltd., Class A	34,190		59,469
Chongqing Rural Commercial Bank Company, Ltd., H Shares	156,000		56,865
Chow Tai Seng Jewellery Company, Ltd., Class A	3,700		8,533
CITIC Securities Company, Ltd., H Shares	117,525		251,386
CITIC, Ltd.	350,130		409,236
CMGE Technology Group, Ltd. (A)	30,000		8,826
CMOC Group, Ltd., H Shares	24,000		14,528
CMST Development Company, Ltd., Class A	21,400		16,468
CNHTC Jinan Truck Company, Ltd., Class A	6,000		14,752
CNOOC Energy Technology & Services, Ltd., Class A	33,000		15,857
CNSIG Inner Mongolia Chemical Industry Company, Ltd.	16,000		34,326
COFCO Biotechnology Company, Ltd., Class A	15,200		18,773
COFCO Joycome Foods, Ltd. (A)	202,000		53,328
Colour Life Services Group Company, Ltd. (A)(D)	6,169		439
Consun Pharmaceutical Group, Ltd.	19,000		11,590

 

53

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
COSCO SHIPPING Development Company, Ltd., H Shares	434,000	$	57,656
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares (A)	30,000		31,022
COSCO SHIPPING Holdings Company, Ltd., H Shares	252,500		284,663
Country Garden Holdings Company, Ltd.	835,155		234,501
CPMC Holdings, Ltd.	76,000		41,683
CSG Holding Company, Ltd., Class A	13,900		13,595
CT Environmental Group, Ltd. (A)(D)	164,000		2,486
CTS International Logistics Corp., Ltd., Class A	8,000		11,085
Daan Gene Company, Ltd., Class A	10,300		24,147
Dexin China Holdings Company, Ltd. (A)	66,000		4,966
DHC Software Company, Ltd., Class A	33,500		40,549
Dian Diagnostics Group Company, Ltd., Class A	2,300		9,597
Digital China Information Service Company, Ltd., Class A	7,800		15,915
Dong-E-E-Jiao Company, Ltd., Class A	2,100		16,204
Dongfang Electric Corp., Ltd., H Shares	18,600		30,051
Dongfeng Motor Group Company, Ltd., H Shares	76,000		35,702
Dongxing Securities Company, Ltd., Class A	12,000		14,669
Dongyue Group, Ltd.	91,000		94,057
Dynagreen Environmental Protection Group Company, Ltd., H Shares	75,000		25,369
East Group Company, Ltd., Class A	26,900		30,499
E-Commodities Holdings, Ltd.	200,000		37,202
Edvantage Group Holdings, Ltd.	39,378		13,423
Everbright Securities Company, Ltd., H Shares (C)	25,600		17,395
Fangda Carbon New Material Company, Ltd., Class A (A)	13,200		12,381
Fangda Special Steel Technology Company, Ltd., Class A	8,800		7,174
Fanhua, Inc., ADR	2,603		22,594
FAW Jiefang Group Company, Ltd., Class A	9,300		11,244
Fiberhome Telecommunication Technologies Company, Ltd., Class A	5,000		14,264
FIH Mobile, Ltd. (A)	306,000		33,150
FinVolution Group, ADR	6,795		28,335
First Capital Securities Company, Ltd., Class A	18,600		16,164
Fosun International, Ltd.	195,460		143,229
Founder Securities Company, Ltd., Class A	31,500		31,977
Foxconn Industrial Internet Company, Ltd., Class A	66,400		166,108
Fu Shou Yuan International Group, Ltd.	103,000		83,340
Fufeng Group, Ltd.	182,200		104,963
Fujian Funeng Company, Ltd., Class A	13,000		23,206
Fujian Sunner Development Company, Ltd., Class A	6,700		24,032
Gansu Shangfeng Cement Company, Ltd., Class A	10,080		17,232
GCL Energy Technology Company, Ltd.	11,700		19,435
GDS Holdings, Ltd., Class A (A)	48,500		113,930
GEM Company, Ltd., Class A	25,800		28,082
Gemdale Corp., Class A	16,600		20,225

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Genertec Universal Medical Group Company, Ltd. (C)	99,000	$	59,922
GF Securities Company, Ltd., H Shares	50,000		70,721
Giant Network Group Company, Ltd., Class A	15,500		29,746
Glory Health Industry, Ltd. (A)	84,000		2,507
GoerTek, Inc., Class A	24,400		76,144
Gotion High-tech Company, Ltd., Class A	5,500		23,880
Grand Baoxin Auto Group, Ltd. (A)	219,500		10,377
Grandjoy Holdings Group Company, Ltd., Class A (A)	22,500		12,192
Greatview Aseptic Packaging Company, Ltd. (A)	44,000		9,024
Gree Electric Appliances, Inc. of Zhuhai, Class A	20,300		108,363
Greenland Hong Kong Holdings, Ltd.	88,000		7,722
Greentown China Holdings, Ltd.	102,500		132,662
GRG Banking Equipment Company, Ltd., Class A	15,700		28,008
Guangdong Dowstone Technology Company, Ltd., Class A	6,000		13,441
Guangdong Tapai Group Company, Ltd., Class A	13,200		14,020
Guangdong Xinbao Electrical Appliances Holdings Company, Ltd., Class A	5,400		13,398
Guanghui Energy Company, Ltd., Class A	34,100		45,910
Guangshen Railway Company, Ltd., H Shares (A)	211,600		39,003
Guangxi Liugong Machinery Company, Ltd., Class A	12,000		11,833
Guangzhou Automobile Group Company, Ltd., H Shares	154,000		97,313
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., H Shares	16,000		49,238
Guangzhou Haige Communications Group, Inc. Company, Class A	17,800		27,225
Guangzhou Yuexiu Capital Holdings Group Company, Ltd., Class A	22,950		22,004
Guizhou Panjiang Refined Coal Company, Ltd., Class A	18,700		19,675
Guizhou Xinbang Pharmaceutical Company, Ltd., Class A	10,700		7,833
Guosen Securities Company, Ltd., Class A	35,700		48,733
Guotai Junan Securities Company, Ltd., H Shares (C)	34,600		42,089
Guoyuan Securities Company, Ltd., Class A	17,400		17,137
Haitian International Holdings, Ltd.	70,000		181,453
Haitong Securities Company, Ltd., H Shares	188,000		117,354
Hang Zhou Great Star Industrial Company, Ltd., Class A (A)	4,300		11,865
Hangcha Group Company, Ltd., Class A	5,800		16,636
Hangzhou Binjiang Real Estate Group Company, Ltd., Class A	20,300		26,909
Hangzhou Robam Appliances Company, Ltd., Class A	4,400		18,172
Han's Laser Technology Industry Group Company, Ltd., Class A	8,000		35,313
Harbin Bank Company, Ltd., H Shares (A)(C)	74,000		2,536

 

54

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Harbin Electric Company, Ltd., H Shares (A)	84,000	$	38,796
HBIS Resources Company, Ltd., Class A	4,700		9,921
Heilongjiang Agriculture Company, Ltd., Class A	9,100		17,813
Henan Shenhuo Coal & Power Company, Ltd., Class A	15,800		40,656
Hengan International Group Company, Ltd.	63,500		294,135
Hengli Petrochemical Company, Ltd., Class A	35,401		83,527
Hengtong Optic-electric Company, Ltd., Class A	13,900		30,563
Hengyi Petrochemical Company, Ltd., Class A	23,800		28,123
Hesteel Company, Ltd., Class A	54,700		18,551
Hiroca Holdings, Ltd.	8,000		11,967
Hisense Home Appliances Group Company, Ltd., H Shares	39,000		67,369
Hongda Xingye Company, Ltd., Class A (A)	28,900		11,814
Honghua Group, Ltd. (A)	367,000		9,921
Honworld Group, Ltd. (A)(C)	56,000		5,539
Hope Education Group Company, Ltd. (A)(C)	352,000		27,757
Hua Hong Semiconductor, Ltd. (A)(C)	47,000		208,394
Huafon Chemical Company, Ltd., Class A	46,600		50,639
Huagong Tech Company, Ltd., Class A	10,600		39,231
Huaibei Mining Holdings Company, Ltd., Class A	10,300		20,318
Huapont Life Sciences Company, Ltd., Class A	10,700		8,754
Huatai Securities Company, Ltd., H Shares (C)	78,200		89,268
Huaxi Securities Company, Ltd., Class A	7,000		8,383
Huaxia Bank Company, Ltd., Class A	79,200		62,071
Huaxin Cement Company, Ltd., Class A	7,100		16,064
Huayu Automotive Systems Company, Ltd., Class A	22,700		55,284
Hubei Biocause Pharmaceutical Company, Ltd., Class A	20,900		10,225
Hubei Jumpcan Pharmaceutical Company, Ltd., Class A	7,400		30,724
Hubei Xingfa Chemicals Group Company, Ltd., Class A	7,900		35,058
Huishang Bank Corp., Ltd., H Shares	63,300		20,060
Humanwell Healthcare Group Company, Ltd., Class A	12,500		48,694
Hunan Valin Steel Company, Ltd., Class A	44,000		35,674
Hytera Communications Corp, Ltd., Class A (A)	14,800		14,508
iDreamSky Technology Holdings, Ltd. (A)(C)	60,400		33,475
Industrial & Commercial Bank of China, Ltd., H Shares	4,338,000		2,305,385
Industrial Bank Company, Ltd., Class A	131,700		324,181
Industrial Securities Company, Ltd., Class A	37,960		33,821
Ingdan, Inc. (A)(C)	74,000		15,341
Inkeverse Group, Ltd. (A)	75,000		9,454
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A	166,200		45,754

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Inner Mongolia Dian Tou Energy Corp., Ltd., Class A	8,600	$	16,824
Inner Mongolia ERDOS Resources Company, Ltd., Class A	6,300		14,076
Inner Mongolia Junzheng Energy & Chemical Industry Group Company, Ltd., Class A	43,700		28,741
Inner Mongolia Xingye Mining Company, Ltd., Class A (A)	13,800		16,193
Inner Mongolia Yitai Coal Company, Ltd., H Shares	25,700		51,513
Inner Mongolia Yuan Xing Energy Company, Ltd., Class A	18,500		23,231
Inspur Electronic Information Industry Company, Ltd., Class A	9,300		47,625
Intco Medical Technology Company, Ltd., Class A	3,840		14,449
JCET Group Company, Ltd., Class A	10,100		47,792
Jiangsu Azure Corp., Class A	9,700		20,289
Jiangsu Changshu Rural Commercial Bank Company, Ltd., Class A	18,200		19,743
Jiangsu Guotai International Group Company, Ltd., Class A	7,600		9,083
Jiangsu Jiangyin Rural Commercial Bank Company, Ltd., Class A	17,900		10,403
Jiangsu Lihua Animal Husbandry Stock Company, Ltd., Class A (A)	2,700		15,560
Jiangsu Linyang Energy Company, Ltd., Class A	13,300		15,316
Jiangsu Provincial Agricultural Reclamation and Development Corp.	11,200		19,284
Jiangsu Shagang Company, Ltd., Class A	27,000		16,308
Jiangsu Shuangxing Color Plastic New Materials Company, Ltd., Class A	5,200		9,617
Jiangsu Zhangjiagang Rural Commercial Bank Company, Ltd., Class A	16,680		10,880
Jiangsu Zhongtian Technology Company, Ltd., Class A	21,300		53,033
Jiangxi Copper Company, Ltd., H Shares	68,000		115,125
Jilin Aodong Pharmaceutical Group Company, Ltd., Class A	4,700		10,474
Jingrui Holdings, Ltd. (A)	69,000		1,688
Jinmao Property Services Company, Ltd. (A)	7,552		3,960
Jinneng Science&Technology Company, Ltd., Class A	8,700		12,605
Jizhong Energy Resources Company, Ltd., Class A	18,200		18,111
Joincare Pharmaceutical Group Industry Company, Ltd., Class A	11,400		21,865
Jointown Pharmaceutical Group Company, Ltd., Class A	7,700		16,739
Juneyao Airlines Company, Ltd., Class A (A)	6,700		17,557
Kangda International Environmental Company, Ltd. (A)(C)	140,000		9,454
Kasen International Holdings, Ltd. (A)	119,000		6,391
Keshun Waterproof Technologies Company, Ltd., Class A (A)	10,700		18,335
Kingfa Sci & Tech Company, Ltd., Class A	12,500		16,923
Kingsoft Corp., Ltd.	93,600		460,130
Kunlun Tech Company, Ltd., Class A	12,300		83,730
KWG Group Holdings, Ltd. (A)	154,013		24,494
KWG Living Group Holdings, Ltd.	88,506		13,859

 

55

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Lakala Payment Company, Ltd., Class A (A)	4,500	$	12,309
LB Group Company, Ltd., Class A	13,400		39,441
Legend Holdings Corp., H Shares (C)	66,200		70,579
Lenovo Group, Ltd.	152,000		164,679
Lens Technology Company, Ltd., Class A	21,100		41,485
Leo Group Company, Ltd., Class A (A)	58,700		20,434
LexinFintech Holdings, Ltd., ADR (A)	14,967		40,561
Leyard Optoelectronic Company, Ltd., Class A	9,800		9,721
Liaoning Cheng Da Company, Ltd., Class A	7,000		13,264
Liaoning Port Company, Ltd., H Shares	204,000		18,227
Lier Chemical Company, Ltd., Class A	5,460		13,655
Lingyi iTech Guangdong Company, Class A (A)	42,900		38,666
Longfor Group Holdings, Ltd. (C)	157,500		444,208
Lonking Holdings, Ltd.	217,000		38,883
Luenmei Quantum Company, Ltd., Class A	23,100		20,871
Luxi Chemical Group Company, Ltd., Class A	14,600		28,986
Luye Pharma Group, Ltd. (A)(C)	189,500		87,909
Maanshan Iron & Steel Company, Ltd., H Shares	108,000		24,928
Maccura Biotechnology Company, Ltd., Class A	6,800		18,254
Mango Excellent Media Company, Ltd., Class A	8,000		43,375
Maoyan Entertainment (A)(C)	19,400		20,887
Mayinglong Pharmaceutical Group Company, Ltd., Class A	5,200		20,588
Meinian Onehealth Healthcare Holdings Company, Ltd., Class A (A)	14,500		15,887
Metallurgical Corp. of China, Ltd., H Shares	185,000		47,817
Midea Real Estate Holding, Ltd. (C)	9,600		11,748
Ming Yang Smart Energy Group, Ltd., Class A	14,400		47,252
Minth Group, Ltd.	34,000		103,196
MLS Company, Ltd., Class A	9,700		13,256
Nanjing Iron & Steel Company, Ltd., Class A	38,000		21,537
NavInfo Company, Ltd., Class A	11,700		23,060
NetDragon Websoft Holdings, Ltd.	17,000		29,890
New China Life Insurance Company, Ltd., H Shares	55,300		131,339
New Hope Liuhe Company, Ltd., Class A (A)	16,500		31,775
Newland Digital Technology Company, Ltd., Class A	4,600		11,210
Ningbo Huaxiang Electronic Company, Ltd., Class A	6,500		14,029
Ningbo Joyson Electronic Corp., Class A	8,100		17,999
Ningbo Sanxing Medical Electric Company, Ltd., Class A	4,500		8,352
Ningbo Zhoushan Port Company, Ltd., Class A	17,900		9,438
Ningxia Baofeng Energy Group Company, Ltd., Class A	15,500		33,310
Noah Holdings, Ltd., ADR (A)	1,849		30,601
North Industries Group Red Arrow Company, Ltd., Class A	6,800		22,615

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Northeast Securities Company, Ltd., Class A	10,520	$	10,390
NVC International Holdings, Ltd. (A)	267,000		2,571
Offshore Oil Engineering Company, Ltd., Class A	30,700		27,385
Orient Securities Company, Ltd., H Shares (C)	42,000		22,527
PCI Technology Group Company, Ltd., Class A	17,100		18,185
Perfect World Company, Ltd., Class A	9,000		22,295
PetroChina Company, Ltd., H Shares	1,912,000		1,129,484
PICC Property & Casualty Company, Ltd., H Shares	436,000		444,767
Ping An Bank Company, Ltd., Class A	116,600		212,474
Ping An Insurance Group Company of China, Ltd., H Shares	356,500		2,306,275
Pingdingshan Tianan Coal Mining Company, Ltd., Class A	15,000		22,604
Postal Savings Bank of China Company, Ltd., H Shares (C)	536,000		317,878
Power Construction Corp. of China, Ltd., Class A	61,800		64,083
Q Technology Group Company, Ltd. (A)	37,000		20,231
Qingdao Port International Company, Ltd., H Shares (C)	19,000		9,916
Qingdao Rural Commercial Bank Corp., Class A	34,400		14,176
Qingling Motors Company, Ltd., H Shares	128,000		14,025
Qunxing Paper Holdings Company, Ltd. (A)(D)	634,371		0
Radiance Holdings Group Company, Ltd.	23,000		13,041
Red Star Macalline Group Corp., Ltd., H Shares (C)	62,480		28,648
Redco Properties Group, Ltd. (A)(C)	96,000		16,259
Renhe Pharmacy Company, Ltd., Class A	14,800		13,649
Risen Energy Company, Ltd., Class A (A)	2,800		11,365
RiseSun Real Estate Development Company, Ltd., Class A (A)	16,000		4,289
Riyue Heavy Industry Company, Ltd., Class A	8,200		26,560
Rongsheng Petrochemical Company, Ltd., Class A	59,400		130,907
SAIC Motor Corp., Ltd., Class A	22,200		46,459
Sailun Group Company, Ltd., Class A	14,200		22,375
Sansteel Minguang Company, Ltd., Class A	16,900		12,058
Sansure Biotech, Inc., Class A	3,136		10,841
Sany Heavy Equipment International Holdings Company, Ltd.	99,000		102,901
Sany Heavy Industry Company, Ltd., Class A	23,200		57,649
Satellite Chemical Company, Ltd., Class A	20,300		47,230
SDIC Capital Company, Ltd., Class A	14,700		14,847
Sealand Securities Company, Ltd., Class A	25,200		12,469
Seazen Group, Ltd. (A)	251,428		65,003
Seazen Holdings Company, Ltd., Class A (A)	14,800		35,096
SF Holding Company, Ltd., Class A	7,400		59,574
Shaanxi Coal Industry Company, Ltd., Class A	59,000		174,624

 

56

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Shan Xi Hua Yang Group New Energy Company, Ltd., Class A	18,100	$	36,343
Shandong Bohui Paper Industrial Company, Ltd., Class A	7,000		7,568
Shandong Buchang Pharmaceuticals Company, Ltd., Class A	3,600		10,391
Shandong Chenming Paper Holdings, Ltd., H Shares (A)	41,000		12,861
Shandong Himile Mechanical Science & Technology Company, Ltd., Class A	5,200		23,686
Shandong Hi-Speed Road & Bridge Company, Ltd., Class A	25,300		27,498
Shandong Hualu Hengsheng Chemical Company, Ltd., Class A	9,500		48,741
Shandong Jincheng Pharmaceutical Group Company, Ltd., Class A	7,300		24,499
Shandong Linglong Tyre Company, Ltd., Class A	8,600		24,484
Shandong Nanshan Aluminum Company, Ltd., Class A	48,800		24,082
Shandong Sun Paper Industry JSC, Ltd., Class A	13,600		24,105
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares	140,800		224,987
Shanghai AJ Group Company, Ltd., Class A	21,300		16,660
Shanghai Bailian Group Company, Ltd., Class A	13,400		25,420
Shanghai Construction Group Company, Ltd., Class A	41,000		16,300
Shanghai Electric Group Company, Ltd., H Shares (A)	158,000		39,500
Shanghai Environment Group Company, Ltd., Class A	11,800		16,022
Shanghai International Port Group Company, Ltd., Class A	44,200		35,685
Shanghai Jinjiang International Hotels Company, Ltd., Class A	3,300		30,228
Shanghai Lingang Holdings Corp., Ltd., Class A	7,000		12,944
Shanghai Lujiazui Finance & Trade Zone Development Company, Ltd., Class A	6,500		9,432
Shanghai Mechanical and Electrical Industry Company, Ltd., Class A	4,400		8,313
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	60,000		112,047
Shanghai Pudong Development Bank Company, Ltd., Class A	121,600		127,264
Shanghai RAAS Blood Products Company, Ltd., Class A	29,400		27,486
Shanghai Tunnel Engineering Company, Ltd., Class A	24,000		19,909
Shanghai Yuyuan Tourist Mart Group Company, Ltd., Class A	28,200		33,350
Shanghai Zhangjiang High-Tech Park Development Company, Ltd., Class A	13,300		31,851
Shanxi Coking Coal Energy Group Company, Ltd., Class A	22,900		36,637
Shanxi Coking Company, Ltd., Class A	16,400		13,227
Shanxi Lu'an Environmental Energy Development Company, Ltd., Class A	21,300		67,910
Shanxi Taigang Stainless Steel Company, Ltd., Class A	40,100		25,350
Shanying International Holding Company, Ltd., Class A	40,100		14,420

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Shengjing Bank Company, Ltd., H Shares (A)(C)	17,500	$	13,385
Shenguan Holdings Group, Ltd.	90,000		4,358
Shengyi Technology Company, Ltd., Class A	15,400		41,427
Shenwan Hongyuan Group Company, Ltd., H Shares (C)	143,200		27,198
Shenzhen Agricultural Products Group Company, Ltd., Class A	22,100		18,528
Shenzhen Airport Company, Ltd., Class A	12,200		12,933
Shenzhen Aisidi Company, Ltd., Class A	13,100		17,511
Shenzhen Everwin Precision Technology Company, Ltd., Class A (A)	6,000		11,866
Shenzhen Fastprint Circuit Tech Company, Ltd., Class A	4,100		7,347
Shenzhen Gas Corp., Ltd., Class A	17,200		17,181
Shenzhen Huaqiang Industry Company, Ltd., Class A	4,300		8,718
Shenzhen Jinjia Group Company, Ltd., Class A	11,500		12,430
Shenzhen Kaifa Technology Company, Ltd., Class A	8,800		21,434
Shenzhen Kinwong Electronic Company, Ltd., Class A	9,700		36,177
Shenzhen Microgate Technology Company, Ltd., Class A	14,600		20,940
Shenzhen MTC Company, Ltd., Class A (A)	26,800		19,238
Shenzhen Overseas Chinese Town Company, Ltd., Class A	44,000		30,883
Shenzhen Suntak Circuit Technology Company, Ltd., Class A	8,500		15,662
Shenzhen Sunway Communication Company, Ltd., Class A	9,800		29,894
Shenzhen YUTO Packaging Technology Company, Ltd., Class A	2,400		9,734
Shenzhen Zhongjin Lingnan Nonfemet Company, Ltd., Class A	16,500		11,814
Shijiazhuang Changshan BeiMing Technology Company, Ltd., Class A (A)	23,700		31,351
Shui On Land, Ltd.	390,961		47,376
Sichuan Development Lomon Company, Ltd., Class A (A)	12,700		19,161
Sichuan Hebang Biotechnology Company, Ltd., Class A	69,000		30,083
Sichuan Kelun Pharmaceutical Company, Ltd., Class A	11,400		47,216
Sichuan Road and Bridge Group Company, Ltd., Class A	31,000		62,253
Sichuan Yahua Industrial Group Company, Ltd., Class A	2,900		8,949
Sihuan Pharmaceutical Holdings Group, Ltd.	343,000		34,617
Sinolink Securities Company, Ltd., Class A	14,300		18,670
Sinoma International Engineering Company, Class A	21,600		35,126
Sinoma Science & Technology Company, Ltd., Class A	7,900		27,774
Sino-Ocean Group Holding, Ltd.	333,973		37,798
Sinopec Engineering Group Company, Ltd., H Shares	129,000		64,118

 

57

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Sinopec Shanghai Petrochemical Company, Ltd., H Shares	300,000	$	52,342
Sinopharm Group Company, Ltd., H Shares	138,800		419,422
Sinotrans, Ltd., H Shares	242,000		74,981
Sinotruk Hong Kong, Ltd.	72,500		112,836
SOHO China, Ltd. (A)	247,000		41,135
SooChow Securities Company, Ltd., Class A	19,110		19,240
Southwest Securities Company, Ltd., Class A	28,700		16,267
Suning Universal Company, Ltd., Class A	15,000		6,687
Suning.com Company, Ltd., Class A (A)	26,300		8,278
Sunshine 100 China Holdings, Ltd. (A)(C)(D)	77,000		3,266
Suzhou Anjie Technology Company, Ltd., Class A	7,300		15,925
Suzhou Dongshan Precision Manufacturing Company, Ltd., Class A	11,700		51,625
Suzhou Gold Mantis Construction Decoration Company, Ltd., Class A (A)	21,200		16,167
Tangshan Jidong Cement Company, Ltd., Class A	11,000		13,892
TangShan Port Group Company, Ltd., Class A	52,100		23,525
Tangshan Sanyou Chemical Industries Company, Ltd., Class A	14,700		14,107
TBEA Company, Ltd., Class A	22,600		71,391
TCL Technology Group Corp., Class A	98,900		63,730
Ten Pao Group Holdings, Ltd.	80,000		13,507
Tencent Music Entertainment Group, ADR (A)	44,713		370,224
Tenwow International Holdings, Ltd. (A)(D)	121,000		4,393
The People's Insurance Company Group of China, Ltd., H Shares	514,000		171,512
Tian Di Science & Technology Company, Ltd., Class A	33,600		24,879
Tian Ge Interactive Holdings, Ltd. (C)	44,000		2,717
Tiande Chemical Holdings, Ltd.	24,000		6,864
Tiangong International Company, Ltd.	108,000		34,740
Tianjin Capital Environmental Protection Group Company, Ltd., H Shares	24,000		9,562
Tianjin Chase Sun Pharmaceutical Company, Ltd., Class A	20,700		18,034
Tianma Microelectronics Company, Ltd., Class A	28,385		43,459
Tianneng Power International, Ltd.	78,000		92,381
Tianshan Aluminum Group Company, Ltd., Class A	25,100		27,700
Tianshui Huatian Technology Company, Ltd., Class A	26,300		38,750
Tianyun International Holdings, Ltd. (A)	54,000		11,007
Titan Wind Energy Suzhou Company, Ltd., Class A	12,700		27,281
Tong Ren Tang Technologies Company, Ltd., H Shares	62,000		54,508
TongFu Microelectronics Company, Ltd., Class A	6,800		22,022
Tongkun Group Company, Ltd., Class A	12,900		26,963
Tongling Nonferrous Metals Group Company, Ltd., Class A	72,500		33,938

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Topsec Technologies Group, Inc., Class A	7,000	$	12,500
Transfar Zhilian Company, Ltd., Class A	16,500		14,611
Trigiant Group, Ltd. (A)	158,000		7,794
Trip.com Group, Ltd. (A)	750		28,255
Trip.com Group, Ltd., ADR (A)	27,752		1,045,418
Uni-President China Holdings, Ltd.	120,000		121,028
Unisplendour Corp., Ltd., Class A	11,600		49,532
Universal Scientific Industrial Shanghai Company, Ltd., Class A	10,400		26,825
Valiant Company, Ltd., Class A	3,500		8,784
Victory Giant Technology Huizhou Company, Ltd., Class A	9,400		24,501
Vipshop Holdings, Ltd., ADR (A)	41,848		635,253
Viva Biotech Holdings (A)(C)	74,000		14,063
VNET Group, Inc., ADR (A)	7,345		23,798
Wangsu Science & Technology Company, Ltd., Class A	23,700		24,802
Wanxiang Qianchao Company, Ltd., Class A	23,700		18,139
Wasu Media Holding Company, Ltd., Class A	8,900		11,583
Weibo Corp., ADR (A)	2,144		43,009
Weichai Power Company, Ltd., H Shares	143,000		229,462
Weifu High-Technology Group Company, Ltd., Class A	4,400		12,932
Weiqiao Textile Company, H Shares	73,500		11,123
West China Cement, Ltd.	298,000		36,489
Western Securities Company, Ltd., Class A	28,800		26,702
Wingtech Technology Company, Ltd., Class A	6,200		49,981
Wolong Electric Group Company, Ltd., Class A	10,400		19,123
Wuchan Zhongda Group Company, Ltd., Class A	41,000		28,954
Wuhu Token Science Company, Ltd., Class A	20,000		20,442
Wuxi Taiji Industry Company, Ltd., Class A	16,400		14,317
XCMG Construction Machinery Company, Ltd., Class A	52,700		53,166
Xiamen C & D, Inc., Class A	9,700		17,009
Xiamen Intretech, Inc., Class A	7,200		21,849
Xiamen ITG Group Corp., Ltd., Class A	18,100		22,734
Xiamen Tungsten Company, Ltd., Class A	6,100		18,093
Xiamen Xiangyu Company, Ltd., Class A	17,400		27,229
Xianhe Company, Ltd., Class A	3,700		13,657
Xiaomi Corp., Class B (A)(C)	510,400		785,480
Xinfengming Group Company, Ltd., Class A	8,700		13,744
Xingda International Holdings, Ltd.	126,473		26,882
Xingfa Aluminium Holdings, Ltd.	29,000		26,016
Xinhua Winshare Publishing and Media Company, Ltd., H Shares	51,000		40,061
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares	47,000		40,241
Xinjiang Tianshan Cement Company, Ltd., Class A	15,900		20,473
Xinjiang Zhongtai Chemical Company, Ltd., Class A	8,100		8,549
Xinte Energy Company, Ltd., H Shares	28,400		73,201

 

58

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Xinxing Ductile Iron Pipes Company, Ltd., Class A	33,500	$	19,655
Xinyangfeng Agricultural Technology Company, Ltd., Class A	5,900		9,222
Xinyi Energy Holdings, Ltd.	108,000		32,440
Xinyu Iron & Steel Company, Ltd., Class A	24,700		15,102
XPeng, Inc., A Shares (A)	5,100		28,309
Xuji Electric Company, Ltd., Class A	5,200		17,738
Yankuang Energy Group Company, Ltd., H Shares	80,000		286,436
Yantai Jereh Oilfield Services Group Company, Ltd., Class A	6,300		25,959
YiChang HEC ChangJiang Pharmaceutical Company, Ltd., H Shares (A)(C)	33,400		31,851
Yifan Pharmaceutical Company, Ltd., Class A (A)	5,200		10,625
Yiren Digital, Ltd., ADR (A)	5,014		10,680
Yixintang Pharmaceutical Group Company, Ltd., Class A	2,200		11,327
Youngor Group Company, Ltd., Class A	10,400		9,872
Youzu Interactive Company, Ltd., Class A (A)	15,500		29,466
YTO Express Group Company, Ltd., Class A	14,800		39,415
Yunda Holding Company, Ltd., Class A	22,200		38,181
Yunnan Aluminium Company, Ltd., Class A	30,700		60,751
Yunnan Baiyao Group Company, Ltd., Class A	6,160		49,029
Yunnan Copper Company, Ltd., Class A	10,000		18,743
Yunnan Tin Company, Ltd., Class A	5,500		11,874
Zhefu Holding Group Company, Ltd., Class A	14,800		8,774
Zhejiang Century Huatong Group Company, Ltd., Class A (A)	30,600		26,855
Zhejiang China Commodities City Group Company, Ltd., Class A	28,122		23,668
Zhejiang Chint Electrics Company, Ltd., Class A	15,300		62,305
Zhejiang Crystal-Optech Company, Ltd., Class A	20,200		40,955
Zhejiang Dahua Technology Company, Ltd., Class A	13,200		43,454
Zhejiang Glass Company, Ltd., H Shares (A)(D)	162,000		0
Zhejiang Hailiang Company, Ltd., Class A	6,500		11,036
Zhejiang Hisoar Pharmaceutical Company, Ltd., Class A	12,100		12,443
Zhejiang Huace Film & Television Company, Ltd., Class A	11,400		13,162
Zhejiang Jiahua Energy Chemical Industry Company, Ltd., Class A	8,500		10,754
Zhejiang JIULI Hi-tech Metals Company, Ltd., Class A	6,300		14,101
Zhejiang Juhua Company, Ltd., Class A	8,900		22,892
Zhejiang Longsheng Group Company, Ltd., Class A	17,400		26,017
Zhejiang NHU Company, Ltd., Class A	21,800		56,940
Zhejiang Orient Gene Biotech Company, Ltd., Class A	2,238		22,305
Zhejiang Semir Garment Company, Ltd., Class A	15,300		13,401

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Zhejiang Wanfeng Auto Wheel Company, Ltd., Class A (A)	22,500	$	20,400
Zhejiang Wanliyang Company, Ltd., Class A (A)	6,300		8,648
Zhejiang Xianju Pharmaceutical Company, Ltd., Class A	10,900		21,195
Zhejiang Xinan Chemical Industrial Group Company, Ltd., Class A	6,860		15,176
Zhengzhou Coal Mining Machinery Group Company, Ltd., H Shares	25,400		25,591
Zheshang Securities Company, Ltd., Class A	10,800		15,848
Zhong An Group, Ltd. (A)	409,000		12,055
Zhongji Innolight Company, Ltd., Class A	4,900		41,998
Zhongjin Gold Corp., Ltd., Class A	31,200		47,760
Zhongshan Broad Ocean Motor Company, Ltd., Class A	20,000		15,255
Zhuhai Huafa Properties Company, Ltd., Class A	26,900		42,047
Zhuzhou CRRC Times Electric Company, Ltd.	15,000		65,263
Zhuzhou Kibing Group Company, Ltd., Class A	18,700		28,429
Zibo Qixiang Tengda Chemical Company, Ltd., Class A (A)	11,900		12,420
Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares	90,800		48,022
ZTE Corp., H Shares	10,000		29,309
			51,933,566
Colombia - 0.1%
Bancolombia SA	4,172		31,346
Bancolombia SA, ADR	1,955		49,129
Cementos Argos SA	24,726		16,024
Grupo Argos SA	23,761		46,379
			142,878
Cyprus - 0.0%
ASBISc Enterprises PLC	3,999		27,095
Czech Republic - 0.2%
CEZ AS	580		28,157
Komercni banka AS	5,968		198,023
Moneta Money Bank AS (C)	22,384		89,833
			316,013
Greece - 0.4%
Alpha Services and Holdings SA (A)	115,077		141,434
Bank of Greece	667		12,069
Eurobank Ergasias Services and Holdings SA (A)	180,066		238,586
Fourlis Holdings SA	3,756		14,482
HELLENiQ ENERGY Holdings SA	4,654		38,265
Intracom Holdings SA (A)	7,112		14,084
LAMDA Development SA (A)	1,069		6,776
Motor Oil Hellas Corinth Refineries SA	4,652		119,406
Mytilineos SA	1,367		38,971
National Bank of Greece SA (A)	26,494		129,000
Piraeus Financial Holdings SA (A)	27,498		60,059
			813,132
Hong Kong - 4.2%
AAG Energy Holdings, Ltd. (C)	68,000		14,534
Ajisen China Holdings, Ltd.	147,000		16,597
Alibaba Pictures Group, Ltd. (A)	700,000		45,441
Anxin-China Holdings, Ltd. (A)(D)	1,648,000		0
APT Satellite Holdings, Ltd.	28,000		8,786

 

59

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Beijing Energy International Holding Company, Ltd. (A)	814,000	$	19,646
Beijing Enterprises Holdings, Ltd.	54,000		194,377
Beijing Enterprises Water Group, Ltd.	438,000		109,447
Brilliance China Automotive Holdings, Ltd.	216,000		94,917
C C Land Holdings, Ltd.	125,126		27,043
C&D International Investment Group, Ltd.	16,479		54,121
CECEP COSTIN New Materials Group, Ltd. (A)(D)	348,000		0
CGN New Energy Holdings Company, Ltd.	150,000		47,588
China Aerospace International Holdings, Ltd.	190,000		10,525
China Aircraft Leasing Group Holdings, Ltd.	23,000		14,542
China Boton Group Company, Ltd. (A)	20,000		7,464
China Education Group Holdings, Ltd.	36,000		34,650
China Everbright Greentech, Ltd. (C)	114,000		23,408
China Everbright, Ltd.	76,000		54,535
China Fiber Optic Network System Group, Ltd. (A)(D)	150,800		5,379
China Foods, Ltd.	74,000		27,591
China Gas Holdings, Ltd.	254,000		357,616
China High Precision Automation Group, Ltd. (A)(D)	18,000		2,133
China High Speed Transmission Equipment Group Company, Ltd. (A)	45,000		16,800
China Jinmao Holdings Group, Ltd.	541,436		105,405
China Longevity Group Company, Ltd. (A)(D)	93,000		4,869
China Lumena New Materials Corp. (A)(D)	50,900		0
China Medical System Holdings, Ltd.	135,000		212,999
China Merchants Land, Ltd. (A)	260,000		16,845
China Merchants Port Holdings Company, Ltd.	88,558		135,954
China Oil & Gas Group, Ltd. (A)	600,000		21,418
China Overseas Grand Oceans Group, Ltd.	205,920		90,304
China Overseas Land & Investment, Ltd.	282,500		681,525
China Resources Cement Holdings, Ltd.	282,000		138,477
China Resources Gas Group, Ltd.	79,200		291,330
China Resources Land, Ltd.	304,000		1,384,366
China South City Holdings, Ltd. (A)	498,000		32,950
China Taiping Insurance Holdings Company, Ltd.	146,800		156,093
China Traditional Chinese Medicine Holdings Company, Ltd.	286,000		149,839
China Travel International Investment Hong Kong, Ltd. (A)	260,000		53,439
Chu Kong Shipping Enterprises Group Company, Ltd.	26,000		3,312
CIMC Enric Holdings, Ltd.	70,000		67,740
CITIC Resources Holdings, Ltd.	488,000		28,909
Concord New Energy Group, Ltd.	690,000		61,602
COSCO SHIPPING International Hong Kong Company, Ltd.	59,625		18,967
COSCO SHIPPING Ports, Ltd.	167,235		111,826
CSSC Hong Kong Shipping Company, Ltd.	116,000		19,692
Dawnrays Pharmaceutical Holdings, Ltd.	117,000		19,234
Digital China Holdings, Ltd.	73,000		33,702
EVA Precision Industrial Holdings, Ltd.	96,000		12,139

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Far East Horizon, Ltd.	183,000	$	164,333
GCL Technology Holdings, Ltd. (A)	523,000		135,365
Geely Automobile Holdings, Ltd.	350,000		451,018
Gemdale Properties & Investment Corp., Ltd.	778,000		53,360
Glorious Property Holdings, Ltd. (A)	88,000		829
Glory Sun Financial Group, Ltd. (A)	30,600		663
Goldlion Holdings, Ltd.	36,000		5,781
Goldpac Group, Ltd.	46,000		9,695
Grand Pharmaceutical Group, Ltd.	86,000		49,294
Health & Happiness H&H International Holdings, Ltd.	24,500		40,891
Hi Sun Technology China, Ltd. (A)	240,000		24,179
Hopson Development Holdings, Ltd.	100,381		91,824
Hua Han Health Industry Holdings, Ltd. (A)(D)	880,000		23,766
IMAX China Holding, Inc. (C)	7,000		6,834
Jinchuan Group International Resources Company, Ltd.	127,000		10,212
Joy City Property, Ltd. (A)	328,000		12,914
Ju Teng International Holdings, Ltd.	130,000		21,459
Kingboard Holdings, Ltd.	73,630		226,399
Kingboard Laminates Holdings, Ltd.	96,500		100,867
Kunlun Energy Company, Ltd.	380,000		296,677
Lee & Man Chemical Company, Ltd.	12,000		7,921
Lee & Man Paper Manufacturing, Ltd.	129,000		51,590
Lee's Pharmaceutical Holdings, Ltd.	54,000		9,391
Lifestyle China Group, Ltd. (A)	42,000		6,418
LVGEM China Real Estate Investment Company, Ltd. (A)	60,000		11,297
Min Xin Holdings, Ltd.	24,000		9,942
Mingyuan Medicare Development Company, Ltd. (A)(D)	1,300,000		0
Minmetals Land, Ltd.	118,000		6,919
New World Department Store China, Ltd. (A)	34,000		3,881
Nine Dragons Paper Holdings, Ltd.	185,000		138,504
Orient Overseas International, Ltd.	7,500		143,965
Overseas Chinese Town Asia Holdings, Ltd. (A)	52,000		4,367
PAX Global Technology, Ltd.	84,000		70,538
Poly Property Group Company, Ltd.	162,126		35,652
Pou Sheng International Holdings, Ltd.	223,000		18,638
Prinx Chengshan Holdings, Ltd.	18,000		13,742
Shandong Hi-Speed New Energy Group, Ltd. (A)	600,000		5,269
Shanghai Industrial Holdings, Ltd.	37,000		49,461
Shanghai Industrial Urban Development Group, Ltd.	359,400		22,681
Shenzhen International Holdings, Ltd.	135,199		119,626
Shenzhen Investment, Ltd.	307,271		54,328
Shimao Group Holdings, Ltd. (A)(D)	150,000		76,014
Shoucheng Holdings, Ltd.	128,000		32,983
Shougang Fushan Resources Group, Ltd.	164,565		52,317
Silver Grant International Holdings Group, Ltd. (A)	160,000		5,692
Sinofert Holdings, Ltd. (A)	300,000		37,850
Sinopec Kantons Holdings, Ltd.	124,000		45,824
Skyworth Group, Ltd.	175,190		90,245
SSY Group, Ltd.	138,000		83,209
Sun Art Retail Group, Ltd.	171,500		68,765
Symphony Holdings, Ltd.	20,000		2,190
TCL Electronics Holdings, Ltd. (A)	114,600		48,290
The Wharf Holdings, Ltd.	64,000		146,432

 

60

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Tian An China Investment Company, Ltd.	54,000	$	30,831
Tianjin Port Development Holdings, Ltd.	478,000		35,272
Tomson Group, Ltd.	45,714		10,091
Truly International Holdings, Ltd.	136,000		18,927
United Energy Group, Ltd. (A)	542,000		64,097
Vinda International Holdings, Ltd.	39,000		94,124
Wasion Holdings, Ltd.	90,000		39,262
Yuexiu Property Company, Ltd.	165,908		250,856
			8,783,837
Hungary - 0.2%
MOL Hungarian Oil & Gas PLC	43,193		316,337
OTP Bank NYRT	2,922		83,422
			399,759
India - 14.8%
ACC, Ltd.	5,847		118,698
Adani Transmission, Ltd. (A)	7,444		90,927
Aditya Birla Capital, Ltd. (A)	55,560		103,712
Alembic Pharmaceuticals, Ltd.	4,559		27,384
Allcargo Logistics, Ltd.	8,212		35,460
Amara Raja Batteries, Ltd.	4,664		32,907
Ambuja Cements, Ltd. (A)	39,378		175,744
Andhra Sugars, Ltd.	6,880		9,082
Apar Industries, Ltd.	1,121		34,334
Apollo Tyres, Ltd.	28,578		111,731
Arvind, Ltd. (A)	12,009		12,370
Ashoka Buildcon, Ltd. (A)	22,051		19,916
Aster DM Healthcare, Ltd. (A)(C)	8,448		24,869
Astra Microwave Products, Ltd.	3,553		9,782
Aurobindo Pharma, Ltd.	32,368		203,823
Avanti Feeds, Ltd.	1,998		8,261
Axis Bank, Ltd.	188,618		1,972,884
Axis Bank, Ltd., GDR	310		16,067
Bajaj Consumer Care, Ltd.	6,744		12,478
Bajaj Holdings & Investment, Ltd.	2,095		151,627
Balmer Lawrie & Company, Ltd.	11,041		14,875
Balrampur Chini Mills, Ltd.	17,968		86,596
Bandhan Bank, Ltd. (A)(C)	32,073		76,679
Bank of Baroda	78,610		162,284
Bank of India	19,819		18,054
Bharat Electronics, Ltd.	179,424		213,438
Bharat Heavy Electricals, Ltd.	72,839		62,496
Birla Corp., Ltd.	2,709		29,501
Birlasoft, Ltd.	4,416		14,091
Bombay Burmah Trading Company	1,557		15,394
BSE, Ltd.	2,172		11,405
Can Fin Homes, Ltd.	2,623		16,968
Canara Bank	30,693		106,342
Ceat, Ltd.	2,623		46,403
Century Enka, Ltd.	1,383		5,818
Century Textiles & Industries, Ltd.	2,062		15,860
Chambal Fertilizers & Chemicals, Ltd.	19,376		62,450
Chennai Super Kings Cricket, Ltd. (A)(D)	207,315		5,676
Cholamandalam Financial Holdings, Ltd.	7,288		48,683
Cipla, Ltd.	35,701		391,842
City Union Bank, Ltd.	27,005		41,356
Cochin Shipyard, Ltd. (C)	2,163		12,506
Container Corp. of India, Ltd.	14,589		103,164
Cosmo First, Ltd. (A)	1,525		10,938
CSB Bank, Ltd. (A)	2,395		7,161
Cyient, Ltd.	5,147		62,133
Dalmia Bharat, Ltd.	4,987		119,866
DB Corp., Ltd.	6,129		7,253
DCB Bank, Ltd.	23,624		30,565

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
DCM Shriram, Ltd.	3,740	$	33,931
Deepak Fertilisers & Petrochemicals Corp., Ltd.	3,614		24,220
Delta Corp., Ltd.	4,521		9,988
Dhampur Bio Organics, Ltd. (A)	2,503		4,309
Dhampur Sugar Mills, Ltd.	2,503		6,770
Dilip Buildcon, Ltd. (C)	1,316		2,701
Dish TV India, Ltd. (A)	48,852		7,729
Dishman Carbogen Amcis, Ltd. (A)	5,361		8,201
DLF, Ltd.	40,228		174,923
Edelweiss Financial Services, Ltd.	46,814		30,271
EID Parry India, Ltd.	9,392		53,323
Electrosteel Castings, Ltd.	35,427		14,044
Engineers India, Ltd.	11,471		10,486
EPL, Ltd.	5,477		10,735
Equitas Small Finance Bank, Ltd. (A)(C)	13,945		11,439
Exide Industries, Ltd. (A)	26,285		56,986
FDC, Ltd. (A)	2,601		8,104
Federal Bank, Ltd.	191,615		309,267
Filatex India, Ltd.	25,766		10,203
Finolex Cables, Ltd.	3,327		32,658
Finolex Industries, Ltd.	25,360		52,567
Firstsource Solutions, Ltd.	16,189		20,885
Fortis Healthcare, Ltd. (A)	10,064		31,973
Gabriel India, Ltd.	6,164		10,255
GAIL India, Ltd.	268,159		344,961
General Insurance Corp. of India (C)	8,025		13,019
GHCL, Ltd.	6,390		39,158
Glenmark Pharmaceuticals, Ltd.	13,855		78,491
Godawari Power & Ispat, Ltd.	4,899		20,854
Godfrey Phillips India, Ltd.	2,008		44,503
Godrej Industries, Ltd. (A)	2,755		13,547
Granules India, Ltd.	18,305		64,920
Graphite India, Ltd.	3,611		11,523
Grasim Industries, Ltd.	20,596		410,904
Gujarat Alkalies & Chemicals, Ltd.	3,130		22,252
Gujarat Ambuja Exports, Ltd.	10,728		30,506
Gujarat Fluorochemicals, Ltd.	2,610		95,659
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.	10,255		63,726
Gujarat Pipavav Port, Ltd.	15,449		21,833
Gujarat State Fertilizers & Chemicals, Ltd.	6,962		10,120
Gujarat State Petronet, Ltd.	26,721		86,029
Hathway Cable & Datacom, Ltd. (A)	35,580		5,579
HDFC Bank, Ltd.	13,988		275,034
HEG, Ltd.	765		8,609
Heritage Foods, Ltd.	5,330		9,519
Hero MotoCorp, Ltd.	6,888		196,884
HIL, Ltd.	308		8,973
Himadri Speciality Chemical, Ltd.	24,869		26,381
Hindalco Industries, Ltd.	148,861		734,157
Hinduja Global Solutions, Ltd.	418		5,261
Hindustan Aeronautics, Ltd.	1,878		62,629
Housing Development Finance Corp., Ltd.	53,578		1,714,544
ICICI Bank, Ltd.	196,478		2,098,814
ICICI Bank, Ltd., ADR	3,737		80,644
IDFC First Bank, Ltd. (A)	171,714		115,389
IDFC, Ltd.	92,305		88,648
IIFL Finance, Ltd.	6,254		36,719
IIFL Securities, Ltd.	28,932		17,806
Indiabulls Housing Finance, Ltd. (A)	33,338		39,707
Indiabulls Real Estate, Ltd. (A)	28,092		16,670
Indian Bank	13,953		48,886

 

61

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Indian Overseas Bank (A)	71,034	$	19,461
Indian Railway Finance Corp., Ltd. (C)	56,808		18,487
Indo Count Industries, Ltd.	3,259		4,407
Indus Towers, Ltd.	55,200		95,894
IndusInd Bank, Ltd.	26,682		348,408
Infibeam Avenues, Ltd. (A)	35,348		6,140
Info Edge India, Ltd.	2,402		112,543
IOL Chemicals and Pharmaceuticals, Ltd.	1,292		4,460
IRCON International, Ltd. (C)	17,211		11,770
Jagran Prakashan, Ltd.	12,700		11,024
Jindal Poly Films, Ltd.	1,066		6,479
Jindal Saw, Ltd.	29,627		52,668
Jindal Stainless, Ltd. (A)	20,479		72,598
Jindal Steel & Power, Ltd.	52,794		351,241
JK Lakshmi Cement, Ltd.	2,089		19,951
JK Paper, Ltd.	7,330		34,173
JK Tyre & Industries, Ltd.	8,887		16,728
JM Financial, Ltd.	33,116		23,903
JSW Energy, Ltd.	35,712		104,238
JSW Steel, Ltd.	79,922		671,712
Jubilant Pharmova, Ltd.	9,201		31,367
Kalpataru Power Transmission, Ltd.	9,196		59,767
Kalyani Steels, Ltd.	2,643		9,522
Kaveri Seed Company, Ltd.	1,661		9,665
KEC International, Ltd.	5,964		33,138
Kiri Industries, Ltd. (A)	1,118		3,832
Kirloskar Ferrous Industries, Ltd.	4,164		23,690
Kirloskar Oil Engines, Ltd.	3,612		17,442
KNR Constructions, Ltd.	5,559		17,214
Kolte-Patil Developers, Ltd.	3,028		9,275
KPIT Technologies, Ltd.	3,011		33,980
KRBL, Ltd.	4,679		19,742
L&T Finance Holdings, Ltd.	74,021		74,119
Larsen & Toubro, Ltd.	47,252		1,247,768
LG Balakrishnan & Bros, Ltd.	1,757		15,834
LIC Housing Finance, Ltd.	39,247		157,333
LT Foods, Ltd.	11,217		13,219
Lupin, Ltd.	14,231		112,381
Maharashtra Seamless, Ltd.	8,424		36,862
Mahindra & Mahindra Financial Services, Ltd.	48,327		137,155
Mahindra & Mahindra, Ltd.	70,868		1,000,861
Mahindra CIE Automotive, Ltd.	17,673		75,593
Maithan Alloys, Ltd.	902		8,779
Manappuram Finance, Ltd.	43,917		66,444
Marksans Pharma, Ltd.	15,357		13,157
MAS Financial Services, Ltd. (C)	1,978		19,111
Mazagon Dock Shipbuilders, Ltd.	1,867		15,052
Meghmani Organics, Ltd.	9,521		8,996
Mishra Dhatu Nigam, Ltd. (C)	4,126		9,275
MOIL, Ltd.	12,580		21,865
Motilal Oswal Financial Services, Ltd.	2,458		18,274
MRF, Ltd.	130		133,154
Muthoot Finance, Ltd.	6,723		80,513
Natco Pharma, Ltd.	1,385		9,516
National Aluminium Company, Ltd.	84,797		81,055
Nava, Ltd.	8,719		23,189
Navneet Education, Ltd.	6,921		7,953
NCC, Ltd.	25,675		33,126
NESCO, Ltd.	1,859		11,695
Neuland Laboratories, Ltd.	358		7,869
NIIT, Ltd. (A)	6,437		25,630
Nilkamal, Ltd.	695		14,842
NMDC Steel, Ltd. (A)	47,542		17,933

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
NMDC, Ltd.	47,542	$	64,747
NOCIL, Ltd.	7,663		19,308
Oberoi Realty, Ltd.	9,314		95,720
Omaxe, Ltd. (A)	5,567		3,377
Orient Cement, Ltd.	11,282		15,125
Paisalo Digital, Ltd.	15,039		9,518
PC Jeweller, Ltd. (A)	10,118		3,289
PCBL, Ltd.	15,470		21,875
Petronet LNG, Ltd.	68,687		191,951
Piramal Enterprises, Ltd.	7,847		64,842
Piramal Pharma, Ltd. (A)	31,388		26,332
PNB Housing Finance, Ltd. (A)(C)	3,409		21,323
PNC Infratech, Ltd.	5,394		19,003
Polyplex Corp., Ltd.	2,563		35,712
Power Finance Corp., Ltd.	90,707		168,178
Prestige Estates Projects, Ltd.	16,061		78,786
Pricol, Ltd. (A)	6,161		15,557
PTC India, Ltd.	31,315		32,486
Punjab National Bank	97,317		55,313
Quess Corp., Ltd. (C)	1,882		8,571
Rain Industries, Ltd.	22,684		41,241
Rajesh Exports, Ltd.	6,037		45,026
Rallis India, Ltd.	6,940		16,316
Ramco Industries, Ltd.	4,270		6,404
Ramkrishna Forgings, Ltd.	5,365		18,722
Rashtriya Chemicals & Fertilizers, Ltd.	10,276		11,951
Raymond, Ltd.	2,380		35,311
RBL Bank, Ltd. (A)(C)	21,550		37,189
REC, Ltd.	118,880		168,195
Redington, Ltd.	76,545		156,128
Reliance Industries, Ltd.	21,228		603,584
Reliance Industries, Ltd., GDR (C)	87,194		4,919,377
Reliance Power, Ltd. (A)	176,129		21,507
Repco Home Finance, Ltd.	7,034		15,542
RITES, Ltd.	3,302		14,321
Sagar Cements, Ltd.	2,218		5,178
Samvardhana Motherson International, Ltd.	123,172		100,980
Sangam India, Ltd.	1,995		5,212
Sarda Energy & Minerals, Ltd.	297		3,893
Sharda Cropchem, Ltd.	2,311		13,799
Shilpa Medicare, Ltd.	3,711		10,372
Shipping Corp. of India Land and Assets, Ltd. (A)(D)	14,077		4,633
Shipping Corp. of India, Ltd.	14,077		16,117
Shriram Finance, Ltd.	19,342		297,548
Siyaram Silk Mills, Ltd.	1,656		8,468
Sobha, Ltd.	4,273		22,400
State Bank of India	114,368		730,055
State Bank of India, GDR	3,185		201,953
Steel Authority of India, Ltd.	106,244		107,958
Strides Pharma Science, Ltd. (A)	2,675		9,372
Sun Pharmaceutical Industries, Ltd.	21,745		260,316
Sun TV Network, Ltd.	7,964		40,395
Sundaram Finance, Ltd.	1,056		29,608
Sundaram-Clayton DCC Pvt, Ltd. (A)(D)	51,504		6,267
Sundaram-Clayton, Ltd.	444		20,447
Sunteck Realty, Ltd.	1,942		6,736
Surya Roshni, Ltd.	3,932		31,512
Tamil Nadu Newsprint & Papers, Ltd.	7,174		19,142
Tata Chemicals, Ltd.	12,388		147,219
Tata Coffee, Ltd.	3,872		9,725
Tata Consumer Products, Ltd.	18,133		157,173
Tata Steel, Ltd.	583,100		744,894

 

62

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Techno Electric & Engineering Company, Ltd.	7,028	$	28,841
The Great Eastern Shipping Company, Ltd.	12,279		96,337
The India Cements, Ltd.	11,167		25,162
The Jammu & Kashmir Bank, Ltd. (A)	20,576		12,260
The Karnataka Bank, Ltd.	33,585		55,838
The Karur Vysya Bank, Ltd.	52,341		66,239
The Ramco Cements, Ltd.	6,862		63,375
The South Indian Bank, Ltd. (A)	134,442		24,041
Thirumalai Chemicals, Ltd.	3,185		6,661
Time Technoplast, Ltd.	13,461		12,585
Transport Corp. of India, Ltd.	3,182		24,381
Triveni Engineering & Industries, Ltd.	5,107		16,872
TV Today Network, Ltd.	1,470		3,241
TV18 Broadcast, Ltd. (A)	57,635		20,262
Uflex, Ltd.	5,261		21,446
Unichem Laboratories, Ltd.	4,453		15,679
Union Bank of India, Ltd.	37,368		30,221
UPL, Ltd.	42,377		370,500
Usha Martin, Ltd.	9,317		24,396
UTI Asset Management Company, Ltd.	1,155		9,020
VA Tech Wabag, Ltd. (A)	3,621		15,574
Vardhman Textiles, Ltd. (A)	16,115		57,887
Varroc Engineering, Ltd. (A)(C)	2,965		9,045
Vedanta, Ltd.	43,705		146,861
Venky's India, Ltd.	433		7,625
Vodafone Idea, Ltd. (A)	275,824		19,687
Voltamp Transformers, Ltd.	332		10,837
Welspun Corp., Ltd.	14,025		34,377
Welspun Enterprises, Ltd.	9,451		14,491
Welspun India, Ltd.	27,184		21,061
West Coast Paper Mills, Ltd.	3,023		19,405
Wipro, Ltd.	91,275		407,102
Wockhardt, Ltd. (A)	5,480		10,253
Yes Bank, Ltd. (A)	196,614		35,985
Zee Entertainment Enterprises, Ltd.	63,894		165,446
Zee Media Corp., Ltd. (A)	54,429		5,782
Zensar Technologies, Ltd.	8,726		29,236
Zydus Lifesciences, Ltd.	16,113		96,313
Zydus Wellnes, Ltd.	386		7,339
			30,739,013
Indonesia - 1.9%
Ace Hardware Indonesia Tbk PT	539,700		17,229
Adaro Energy Indonesia Tbk PT	1,626,200		315,237
Adhi Karya Persero Tbk PT (A)	235,600		6,542
Alam Sutera Realty Tbk PT (A)	1,741,800		17,920
Aneka Tambang Tbk	468,100		65,340
Astra Agro Lestari Tbk PT	49,555		26,768
Astra International Tbk PT	1,321,300		529,433
Bakrie Telecom Tbk PT (A)(D)	17,557,300		29,273
Bank Capital Indonesia Tbk PT (A)	638,900		5,715
Bank Mandiri Persero Tbk PT	771,540		531,318
Bank Negara Indonesia Persero Tbk PT	400,881		250,847
Bank Pan Indonesia Tbk PT	465,597		44,424
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT	303,812		27,566
Bank Pembangunan Daerah Jawa Timur Tbk PT (A)	625,600		30,694
Bank Tabungan Negara Persero Tbk PT	498,774		40,845
Bekasi Fajar Industrial Estate Tbk PT (A)	817,800		6,986
BISI International Tbk PT	290,800		33,074
Blue Bird Tbk PT	5,500		641
Buana Lintas Lautan Tbk PT (A)(D)	1,186,800		10,527

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Bukit Asam Tbk PT	380,100	$	101,239
Ciputra Development Tbk PT	1,127,244		74,772
Delta Dunia Makmur Tbk PT	610,700		12,396
Elang Mahkota Teknologi Tbk PT	974,900		51,531
Elnusa Tbk PT	742,600		15,470
Erajaya Swasembada Tbk PT	1,113,500		38,635
Gudang Garam Tbk PT	42,600		73,905
Indah Kiat Pulp & Paper Tbk PT	279,700		140,181
Indika Energy Tbk PT	225,300		36,308
Indo Tambangraya Megah Tbk PT	34,600		91,021
Indocement Tunggal Prakarsa Tbk PT	10,100		7,095
Indofood Sukses Makmur Tbk PT	445,800		184,564
Japfa Comfeed Indonesia Tbk PT	499,770		37,534
Jaya Real Property Tbk PT	215,500		7,044
Kawasan Industri Jababeka Tbk PT (A)	2,384,099		20,204
Krakatau Steel Persero Tbk PT (A)	733,900		14,189
Lippo Karawaci Tbk PT (A)	4,020,148		24,667
Malindo Feedmill Tbk PT (A)	128,500		3,825
Medco Energi Internasional Tbk PT	877,026		59,065
Media Nusantara Citra Tbk PT (A)	718,600		28,325
MNC Vision Networks Tbk PT (A)	614,600		2,051
Multipolar Tbk PT (A)	1,981,400		12,176
Pabrik Kertas Tjiwi Kimia Tbk PT	101,200		45,451
Pakuwon Jati Tbk PT	372,300		11,268
Panin Financial Tbk PT	949,400		23,310
Paninvest Tbk PT (A)	116,800		9,183
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT	318,000		21,639
PP Persero Tbk PT (A)	292,600		11,349
Puradelta Lestari Tbk PT	1,584,700		18,000
Ramayana Lestari Sentosa Tbk PT	463,200		19,930
Salim Ivomas Pratama Tbk PT	670,100		17,870
Samudera Indonesia Tbk PT	784,800		19,574
Semen Indonesia Persero Tbk PT	296,292		124,744
Siloam International Hospitals Tbk PT	90,000		9,103
Sri Rejeki Isman Tbk PT (A)(D)	1,260,900		12,277
Summarecon Agung Tbk PT	627,000		22,178
Surya Citra Media Tbk PT	1,429,000		17,949
Suryainti Permata Tbk PT (A)(D)	1,446,000		0
Timah Tbk PT	210,500		14,458
Truba Alam Manunggal Engineering PT (A)(D)	11,991,500		0
Tunas Baru Lampung Tbk PT	484,800		22,318
United Tractors Tbk PT	169,300		329,016
Vale Indonesia Tbk PT (A)	188,500		83,759
Waskita Karya Persero Tbk PT (A)	596,656		9,005
Wijaya Karya Persero Tbk PT (A)	349,400		12,034
XL Axiata Tbk PT	494,171		65,424
			3,946,415
Kuwait - 0.0%
Kuwait Finance House KSCP	626		1,694
Malaysia - 1.8%
Aeon Company M BHD	28,600		8,440
AFFIN Bank BHD	83,530		38,073
Alliance Bank Malaysia BHD	102,300		78,974
AMMB Holdings BHD	142,862		121,727
Bank Islam Malaysia BHD	51,600		25,153
Batu Kawan BHD	3,100		14,984
Berjaya Assets BHD (A)	77,400		5,263
Berjaya Corp. BHD (A)	439,496		30,436
Berjaya Land BHD (A)	244,400		14,982
Boustead Holdings BHD	116,088		22,514
Bumi Armada BHD (A)	163,800		23,447
Cahya Mata Sarawak BHD	52,100		13,497
CIMB Group Holdings BHD	473,164		570,231

 

63

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Malaysia (continued)
Dayang Enterprise Holdings BHD	83,900	$	25,561
DRB-Hicom BHD	93,400		29,284
Eco World Development Group BHD	84,300		14,079
Ekovest BHD (A)	146,600		13,131
FGV Holdings BHD	33,400		11,192
Gamuda BHD	119,187		110,433
Genting BHD	138,000		146,066
Genting Malaysia BHD	132,300		79,606
Genting Plantations BHD	22,400		30,013
Hartalega Holdings BHD	132,100		57,053
Hengyuan Refining Company BHD	16,800		13,126
Hiap Teck Venture BHD	118,300		9,143
Hibiscus Petroleum BHD	171,900		38,667
Hong Leong Financial Group BHD	18,299		74,582
IJM Corp. BHD	211,160		76,763
IOI Properties Group BHD	72,700		18,151
JAKS Resources BHD (A)	177,060		7,644
Jaya Tiasa Holdings BHD	58,826		8,820
Keck Seng Malaysia BHD	11,300		8,801
KNM Group BHD (A)	571,500		5,803
Kossan Rubber Industries BHD	48,500		14,425
Land & General BHD	437,820		9,887
Lotte Chemical Titan Holding BHD (C)	30,231		9,248
Magnum BHD	110,314		28,494
Mah Sing Group BHD	192,300		25,742
Malayan Banking BHD	288,737		561,174
Malaysia Building Society BHD	190,704		25,354
Malaysian Resources Corp. BHD	207,000		16,223
Matrix Concepts Holdings BHD	26,100		8,588
MBM Resources BHD	11,400		8,832
Mega First Corp. BHD	12,600		10,001
MISC BHD	75,300		123,440
MKH BHD	49,230		14,074
MNRB Holdings BHD	36,891		7,786
Muhibbah Engineering M BHD (A)	103,950		16,873
Oriental Holdings BHD	35,720		53,779
OSK Holdings BHD	111,397		25,155
Pos Malaysia BHD (A)	30,900		3,784
PPB Group BHD	30,500		114,522
RHB Bank BHD	141,108		178,537
Sapura Energy BHD (A)	655,500		5,177
Sarawak Oil Palms BHD	11,700		6,352
Sime Darby BHD	255,000		124,322
Sime Darby Property BHD	271,300		29,902
SP Setia BHD Group	173,900		23,558
Sunway BHD	140,407		50,687
Supermax Corp. BHD	40,500		8,514
Tan Chong Motor Holdings BHD	6,300		1,638
Top Glove Corp. BHD (A)	277,600		59,328
Tropicana Corp. BHD (A)	161,380		53,472
TSH Resources BHD	114,900		26,593
UEM Edgenta BHD	32,900		7,620
UEM Sunrise BHD (A)	372,300		22,437
UMW Holdings BHD	48,800		42,582
United Malacca BHD	11,900		14,431
UOA Development BHD	124,700		46,893
Velesto Energy BHD (A)	428,800		20,479
WCT Holdings BHD	194,483		18,788
Yinson Holdings BHD	74,200		43,256
YNH Property BHD (A)	6,819		7,675
YTL Corp. BHD	374,937		52,373
			3,667,634
Mexico - 2.7%
Alfa SAB de CV, Class A	370,181		235,215
Alpek SAB de CV	31,500		35,014

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Arca Continental SAB de CV	15,010	$	136,090
Banco del Bajio SA (C)	36,231		131,795
Cemex SAB de CV, Series CPO (A)	730,985		402,407
Coca-Cola Femsa SAB de CV	20,752		166,788
Consorcio ARA SAB de CV	25,993		5,510
Corp. Actinver SAB de CV	16,024		11,293
El Puerto de Liverpool SAB de CV, Series C1	11,379		71,305
Fomento Economico Mexicano SAB de CV	40,053		381,304
GCC SAB de CV	14,906		118,288
Genomma Lab Internacional SAB de CV, Class B	28,340		22,820
Gentera SAB de CV	85,192		93,182
Grupo Carso SAB de CV, Series A1	25,878		128,701
Grupo Comercial Chedraui SA de CV	22,430		128,207
Grupo Financiero Banorte SAB de CV, Series O	114,783		966,419
Grupo Financiero Inbursa SAB de CV, Series O (A)	97,071		208,579
Grupo KUO SAB de CV, Series B	42,698		100,703
Grupo Mexico SAB de CV, Series B	173,053		818,593
Grupo Pochteca SAB de CV (A)	9,600		3,996
Grupo Televisa SAB, Series CPO	212,201		224,801
Industrias CH SAB de CV, Series B (A)	18,800		233,696
Industrias Penoles SAB de CV (A)	8,071		120,124
La Comer SAB de CV	16,584		38,681
Megacable Holdings SAB de CV, Series CPO	49,064		125,519
Minera Frisco SAB de CV, Series A1 (A)	168,003		25,639
Nemak SAB de CV (A)(C)	196,961		50,388
Orbia Advance Corp. SAB de CV	73,770		160,435
Organizacion Cultiba SAB de CV (A)	17,095		11,384
Organizacion Soriana SAB de CV, Series B (A)	190,849		328,320
Promotora y Operadora de Infraestructura SAB de CV	15,780		157,415
Promotora y Operadora de Infraestructura SAB de CV, L Shares	3,141		20,420
Vista Energy SAB de CV, ADR (A)	1,887		37,344
Vitro SAB de CV, Series A	6,357		6,597
			5,706,972
Panama - 0.0%
BAC Holding International Corp. (A)	12,573		587
Philippines - 0.8%
ACEN Corp. (A)	30,450		3,447
Alliance Global Group, Inc.	232,800		53,029
Ayala Corp.	10,150		121,973
Ayala Land, Inc.	44,200		21,663
Bank of the Philippine Islands	80,914		152,980
BDO Unibank, Inc.	132,752		314,845
China Banking Corp.	75,528		44,549
Cosco Capital, Inc.	388,900		29,341
DMCI Holdings, Inc.	207,300		43,940
East West Banking Corp.	74,300		9,560
Filinvest Development Corp.	119,475		12,079
Filinvest Land, Inc.	937,500		12,952
First Philippine Holdings Corp.	29,660		33,151
Global Ferronickel Holdings, Inc.	283,424		12,992
GT Capital Holdings, Inc.	3,489		33,176
JG Summit Holdings, Inc.	157,922		139,405
LT Group, Inc.	159,800		29,185
Megaworld Corp.	839,700		30,955
Metropolitan Bank & Trust Company	130,973		141,260
Petron Corp.	289,400		17,878

 

64

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Philippines (continued)
Philex Mining Corp.	161,300	$	9,465
Philippine National Bank (A)	65,310		22,605
Philtown Properties, Inc. (A)(D)	3,844		109
Phoenix Petroleum Philippines, Inc. (A)	22,200		3,287
PNB Holdings Corp. (A)(D)	10,246		60
Premium Leisure Corp.	815,000		7,190
Puregold Price Club, Inc.	79,400		45,839
RFM Corp.	133,500		8,295
Rizal Commercial Banking Corp.	62,703		28,228
Robinsons Land Corp.	214,668		58,154
Robinsons Retail Holdings, Inc.	16,680		16,573
San Miguel Corp.	46,220		90,983
Security Bank Corp.	27,730		47,068
Top Frontier Investment Holdings, Inc. (A)	18,024		31,517
Union Bank of the Philippines	69,628		109,087
Vista Land & Lifescapes, Inc.	569,000		17,901
			1,754,721
Poland - 0.8%
Alior Bank SA (A)	7,988		72,134
Asseco Poland SA	3,955		69,815
Bank Polska Kasa Opieki SA	6,202		123,378
Ciech SA	2,826		37,950
Cognor Holding SA	7,020		16,842
Cyfrowy Polsat SA	12,426		48,282
Develia SA	22,340		16,164
Enea SA (A)	19,073		27,972
Grupa Azoty SA (A)	4,728		39,385
Jastrzebska Spolka Weglowa SA (A)	3,425		37,643
KGHM Polska Miedz SA	8,799		249,918
Lubelski Wegiel Bogdanka SA	2,164		19,157
mBank SA (A)	749		53,424
PGE Polska Grupa Energetyczna SA (A)	66,331		96,599
PKP Cargo SA (A)	5,709		21,179
Polimex-Mostostal SA (A)	8,593		9,257
Polski Koncern Naftowy ORLEN SA	35,885		484,375
Santander Bank Polska SA	1,224		82,901
Stalexport Autostrady SA	15,820		9,900
Tauron Polska Energia SA (A)	90,488		40,431
			1,556,706
Qatar - 0.8%
Aamal Company	210,501		47,143
Al Khaleej Takaful Group QSC	11,244		6,189
Alijarah Holding Company QPSC	77,548		14,140
Baladna	72,138		26,190
Barwa Real Estate Company	145,868		104,727
Commercial Bank PSQC	174,283		279,192
Doha Bank QPSC	139,323		62,415
Doha Insurance Company QSC	25,407		13,655
Gulf International Services QSC	102,379		50,076
Gulf Warehousing Company	19,525		20,189
Lesha Bank LLC (A)	70,330		19,091
Mannai Corp. QSC	5,422		8,406
Masraf Al Rayan QSC	247,722		202,171
Medicare Group	9,515		15,186
Mesaieed Petrochemical Holding Company	223,749		118,503
Ooredoo QPSC	80,019		206,656
Qatar Aluminum Manufacturing Company	18,852		7,993
Qatar Fuel QSC	14,450		69,064
Qatar Insurance Company SAQ (A)	125,447		55,286
Qatar National Cement Company QSC	23,781		27,479
Qatar Navigation QSC	41,293		93,582

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Qatar (continued)
Salam International Investment, Ltd., QSC (A)	94,802	$	14,263
United Development Company QSC	177,150		53,441
Vodafone Qatar QSC	145,471		69,237
			1,584,274
Russia - 0.0%
Gazprom PJSC, ADR (London Stock Exchange) (A)(D)	196,506		26,135
LUKOIL PJSC, ADR (A)(D)	16,379		27,910
Rosneft Oil Company PJSC, GDR (London Stock Exchange) (A)(D)	1,686		253
RusHydro PJSC, ADR (A)(D)	52,278		1,673
VTB Bank PJSC, GDR (A)(D)	86,297		1,208
			57,179
Saudi Arabia - 3.6%
Al Babtain Power & Telecommunication Company	2,665		16,659
Al Jouf Cement Company (A)	5,694		19,137
Al Khaleej Training and Education Company (A)	2,292		10,124
AlAbdullatif Industrial Investment Company (A)	1,743		8,033
Al-Etihad Cooperative Insurance Company (A)	3,674		15,309
AlJazira Takaful Ta'awuni Company (A)	2,192		9,981
Allianz Saudi Fransi Cooperative Insurance Company (A)	1,628		6,263
Arab National Bank	44,824		309,467
Arabian Cement Company	4,196		40,611
Arriyadh Development Company	5,359		26,175
Bank Al-Jazira	34,800		169,610
Banque Saudi Fransi	43,109		418,219
City Cement Company	6,807		37,468
Dar Al Arkan Real Estate Development Company (A)	49,101		210,757
Dur Hospitality Company (A)	5,874		37,230
Eastern Province Cement Company	3,671		39,678
Emaar Economic City (A)	21,759		46,842
Etihad Etisalat Company	42,915		473,168
Gulf Insurance Group	2,090		15,631
Hail Cement Company	4,570		14,094
Jazan Energy and Development Company (A)	2,068		7,570
L'Azurde Company for Jewelry	2,204		7,926
Methanol Chemicals Company (A)	2,886		18,891
Mobile Telecommunications Company Saudi Arabia (A)	47,765		165,863
Najran Cement Company	7,837		27,113
National Gypsum	1,897		11,409
National Industrialization Company (A)	27,624		90,403
Nayifat Finance Company	2,213		10,893
Northern Region Cement Company	10,351		30,888
Rabigh Refining & Petrochemical Company (A)	27,500		73,907
Riyad Bank	19,428		154,656
Sahara International Petrochemical Company	31,147		316,046
Saudi Basic Industries Corp.	81,336		1,962,765
Saudi Ceramic Company	4,758		39,929
Saudi Chemical Company Holding	3,283		25,405
Saudi Industrial Investment Group	18,489		123,450
Saudi Industrial Services Company	2,229		16,801
Saudi Kayan Petrochemical Company (A)	89,494		289,534
Saudi Marketing Company (A)	2,495		15,155

 

65

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Saudi Arabia (continued)
Saudi Reinsurance Company (A)	5,052	$	19,863
Seera Group Holding (A)	16,962		100,987
Sinad Holding Company (A)	4,643		13,572
Tabuk Cement Company	4,675		18,543
The National Company for Glass Industries	912		8,074
The Saudi British Bank	58,796		553,971
The Saudi Investment Bank	38,132		169,292
The Saudi National Bank	75,849		928,827
The Savola Group	7,399		55,271
Umm Al-Qura Cement Company	2,316		9,943
United International Transportation Company	1,897		29,520
Yamama Cement Company	11,422		93,769
Yanbu National Petrochemical Company	9,287		104,661
			7,419,353
Singapore - 0.0%
BOC Aviation, Ltd. (C)	8,100		62,814
JOYY, Inc., ADR	926		28,873
			91,687
South Africa - 3.2%
Absa Group, Ltd.	60,222		615,546
AECI, Ltd.	11,686		61,665
African Rainbow Minerals, Ltd.	10,677		138,863
Alexander Forbes Group Holdings, Ltd.	38,731		11,148
AngloGold Ashanti, Ltd.	3,511		85,510
AngloGold Ashanti, Ltd., ADR (B)	18,402		445,144
Aspen Pharmacare Holdings, Ltd.	20,940		216,517
Astral Foods, Ltd.	4,628		41,183
Balwin Properties, Ltd.	6,271		1,015
Barloworld, Ltd.	21,853		110,058
Blue Label Telecoms, Ltd. (A)	44,582		10,435
Caxton & CTP Publishers & Printers, Ltd.	19,879		10,989
DataTec, Ltd.	20,519		43,885
Discovery, Ltd. (A)	5,880		46,129
Exxaro Resources, Ltd.	20,960		219,074
Gold Fields, Ltd., ADR (B)	9,597		127,832
Grindrod, Ltd.	45,556		23,329
Harmony Gold Mining Company, Ltd.	13,919		57,696
Harmony Gold Mining Company, Ltd., ADR	27,692		113,537
Hudaco Industries, Ltd.	5,065		45,969
Impala Platinum Holdings, Ltd.	74,584		686,497
Investec, Ltd.	19,898		109,539
KAP Industrial Holdings, Ltd.	257,249		45,859
Lewis Group, Ltd.	14,408		33,075
Life Healthcare Group Holdings, Ltd.	87,146		94,888
Metair Investments, Ltd.	23,633		33,303
Momentum Metropolitan Holdings	97,843		96,951
Motus Holdings, Ltd.	14,065		76,538
Mpact, Ltd.	23,460		39,181
Murray & Roberts Holdings, Ltd. (A)	48,310		4,601
Nedbank Group, Ltd.	30,206		368,562
Oceana Group, Ltd.	5,108		19,901
Old Mutual, Ltd.	351,536		233,029
Omnia Holdings, Ltd.	19,012		60,020
Pepkor Holdings, Ltd. (C)	118,240		114,790
PPC, Ltd. (A)	168,790		27,695
Raubex Group, Ltd.	20,799		29,465
RCL Foods, Ltd.	35,643		24,179
Reunert, Ltd.	19,682		66,842
Royal Bafokeng Platinum, Ltd.	13,281		106,945
Sappi, Ltd.	61,862		159,290
Sasol, Ltd.	42,649		576,343

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Africa (continued)
Sibanye Stillwater, Ltd.	166,515	$	343,823
Sibanye Stillwater, Ltd., ADR	12,243		101,862
Standard Bank Group, Ltd.	61,423		595,547
Super Group, Ltd.	42,421		77,796
Telkom SA SOC, Ltd. (A)	37,622		75,485
The Foschini Group, Ltd.	3,907		19,944
Trencor, Ltd. (A)	40,666		14,286
Wilson Bayly Holmes-Ovcon, Ltd. (A)	5,366		31,872
Zeda, Ltd. (A)	21,853		13,809
			6,707,441
South Korea - 12.5%
AJ Networks Company, Ltd.	2,832		10,272
Ajin Industrial Company, Ltd. (A)	8,098		20,251
AK Holdings, Inc.	743		10,236
AMOREPACIFIC Group	1,900		56,240
Asia Cement Company, Ltd.	320		2,502
ASIA Holdings Company, Ltd.	241		26,531
Asia Paper Manufacturing Company, Ltd.	565		15,460
Binggrae Company, Ltd.	522		16,707
BNK Financial Group, Inc.	20,556		103,120
Bookook Securities Company, Ltd.	501		7,605
Chongkundang Holdings Corp.	288		11,237
Chorokbaem Media Company, Ltd. (A)	1,145		7,968
Chosun Refractories Company, Ltd.	338		23,972
CJ CheilJedang Corp.	819		205,183
CJ Corp.	1,674		134,186
CJ ENM Company, Ltd. (A)	847		56,133
CJ Logistics Corp.	826		50,793
Com2uS Corp.	399		22,404
COWELL FASHION Company, Ltd.	5,483		20,210
Dae Han Flour Mills Company, Ltd.	232		25,779
Dae Won Kang Up Company, Ltd.	4,385		11,698
Daedong Corp.	860		7,552
Daesang Corp.	2,028		30,609
Daesang Holdings Company, Ltd.	2,310		13,000
Daewoo Engineering & Construction Company, Ltd. (A)	20,805		64,654
Dahaam E-Tec Company, Ltd. (A)	2,630		36,384
Daihan Pharmaceutical Company, Ltd.	563		11,700
Daishin Securities Company, Ltd.	3,901		38,515
Daol Investment & Securities Company, Ltd.	4,729		19,624
Daou Technology, Inc.	2,309		37,233
DB Financial Investment Company, Ltd.	3,849		11,906
DB Insurance Company, Ltd.	3,071		176,682
DB, Inc. (A)	19,825		25,743
Deutsch Motors, Inc.	3,903		17,133
DGB Financial Group, Inc.	19,003		100,920
DI Dong Il Corp.	789		15,168
DL E&C Company, Ltd.	4,034		100,726
DL Holdings Company, Ltd.	1,609		66,080
DMS Company, Ltd.	3,275		17,184
Dong-A Socio Holdings Company, Ltd.	153		10,002
Dong-A ST Company, Ltd.	332		14,015
Dongkuk Industries Company, Ltd.	8,476		37,596
Dongkuk Steel Mill Company, Ltd.	6,404		60,250
Dongwha Pharm Company, Ltd.	1,912		12,261
Dongwon Development Company, Ltd.	5,212		13,302
Dongwon F&B Company, Ltd.	122		15,085
Dongwon Industries Company, Ltd.	880		34,584
Doosan Bobcat, Inc.	4,079		137,191
Doosan Company, Ltd.	554		41,881
DoubleUGames Company, Ltd.	512		17,427
Easy Holdings Company, Ltd.	3,872		9,187

 

66

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
EBEST Investment & Securities Company, Ltd.	2,321	$	7,913
E-MART, Inc.	1,480		120,367
Eugene Corp.	6,888		18,020
Eugene Investment & Securities Company, Ltd.	11,471		21,908
Eusu Holdings Company, Ltd.	1,407		7,190
Farmsco	2,687		7,599
Green Cross Holdings Corp.	1,608		19,103
GS Engineering & Construction Corp.	4,548		72,628
GS Global Corp. (A)	7,813		15,769
GS Holdings Corp.	5,061		156,992
GS Retail Company, Ltd.	3,309		72,197
Gwangju Shinsegae Company, Ltd.	760		19,899
Haesung Industrial Company, Ltd.	1,128		8,414
Hana Financial Group, Inc.	21,723		680,342
Handok, Inc.	729		8,459
Handsome Company, Ltd.	1,545		30,971
Hanil Cement Company, Ltd.	1,450		14,469
Hanil Holdings Company, Ltd.	3,183		28,027
Hanjin Transportation Company, Ltd.	1,052		16,535
Hankook Tire & Technology Company, Ltd.	5,360		143,370
Hanshin Construction Company, Ltd.	1,844		10,722
Hansol Holdings Company, Ltd.	5,241		12,877
Hansol Paper Company, Ltd.	2,920		26,486
Hansol Technics Company, Ltd.	3,325		15,709
Hanwha Corp.	2,757		55,786
Hanwha Galleria Company, Ltd. (A)	542		887
Hanwha Investment & Securities Company, Ltd. (A)	15,071		31,568
Hanwha Life Insurance Company, Ltd. (A)	34,108		63,016
Hanwha Solutions Corp. (A)	4,806		198,253
Hanyang Eng Company, Ltd.	1,654		19,954
Harim Holdings Company, Ltd.	1,443		17,856
HD Hyundai Company, Ltd.	3,580		159,957
HDC Holdings Company, Ltd.	2,737		14,268
HDC Hyundai Development Co-Engineering & Construction, Series E	3,037		26,461
Hitejinro Holdings Company, Ltd.	995		7,120
HL Holdings Corp.	837		20,176
HL Mando Company, Ltd.	2,213		78,375
HMM Company, Ltd.	21,976		345,562
HS Industries Company, Ltd.	4,056		11,903
Huons Global Company, Ltd.	581		8,827
Huvis Corp. (A)	3,715		14,280
Hyosung Corp.	540		28,049
Hyosung Heavy Industries Corp. (A)	742		38,174
Hyundai Construction Equipment Company, Ltd.	1,613		64,782
Hyundai Corp.	1,339		16,860
Hyundai Corp. Holdings, Inc.	1,811		15,158
Hyundai Department Store Company, Ltd.	1,243		52,364
Hyundai Doosan Infracore Company, Ltd.	9,113		52,950
Hyundai Engineering & Construction Company, Ltd.	5,407		152,061
Hyundai Futurenet Company, Ltd.	8,894		21,501
Hyundai Glovis Company, Ltd.	1,173		143,253
Hyundai Greenfood Company, Ltd. (D)	5,234		29,148
Hyundai Home Shopping Network Corp.	652		24,256

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Hyundai Livart Furniture Company, Ltd. (A)	1,327	$	8,097
Hyundai Marine & Fire Insurance Company, Ltd.	4,678		121,455
Hyundai Mobis Company, Ltd.	3,299		547,930
Hyundai Motor Company	7,569		1,076,861
Hyundai Motor Securities Company, Ltd.	3,480		23,668
Hyundai Steel Company	6,801		181,803
Hyundai Wia Corp.	1,286		55,607
Iljin Holdings Company, Ltd.	4,669		16,423
Industrial Bank of Korea	18,712		145,525
Innocean Worldwide, Inc.	469		14,685
INTOPS Company, Ltd.	1,374		37,707
Inzi Controls Company, Ltd.	1,760		11,897
IS Dongseo Company, Ltd. (A)	860		26,938
JB Financial Group Company, Ltd.	11,451		76,959
Jeil Savings Bank (A)(D)	1,820		0
KAON Media Company, Ltd.	3,062		21,194
KB Financial Group, Inc.	550		20,087
KB Financial Group, Inc., ADR	25,595		932,170
KC Company, Ltd.	1,496		25,272
KC Tech Company, Ltd.	889		14,245
KCC Corp.	347		59,452
KCC Glass Corp.	939		28,673
KCTC	4,403		14,452
KG Chemical Corp.	799		24,955
KG Eco Technology Service Company, Ltd.	1,903		27,068
Kginicis Company, Ltd.	1,190		11,722
KGMobilians Company, Ltd.	2,700		13,843
Kia Corp.	20,749		1,294,905
KISCO Corp.	4,131		22,442
KISCO Holdings Company, Ltd.	1,536		23,914
KISWIRE, Ltd.	1,688		26,574
KIWOOM Securities Company, Ltd.	1,432		111,701
Kolmar Korea Holdings Company, Ltd.	1,323		15,567
Kolon Corp.	898		14,149
Kolon Industries, Inc.	1,911		65,667
Korea Asset In Trust Company, Ltd.	9,060		19,579
Korea Circuit Company, Ltd. (A)	1,415		17,616
Korea Electric Terminal Company, Ltd.	561		26,767
Korea Investment Holdings Company, Ltd.	3,247		137,825
Korea Line Corp. (A)	23,137		39,017
Korea Petrochemical Industrial Company, Ltd.	441		62,402
Korea Real Estate Investment & Trust Company, Ltd.	14,635		14,899
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	2,512		150,215
Korean Reinsurance Company	11,364		63,496
Kortek Corp.	1,806		13,901
KPX Chemical Company, Ltd.	660		24,095
KSS LINE, Ltd.	3,562		22,082
KT Skylife Company, Ltd.	1,768		10,617
Kukdo Chemical Company, Ltd.	466		16,914
Kumho HT, Inc. (A)	19,985		12,917
Kumho Petrochemical Company, Ltd.	1,206		133,400
Kumho Tire Company, Inc. (A)	7,054		20,231
KUMHOE&C Company, Ltd.	2,357		11,279
Kwang Dong Pharmaceutical Company, Ltd.	3,313		14,080
Kyeryong Construction Industrial Company, Ltd.	844		11,305
Kyung-In Synthetic Corp.	4,181		15,351

 

67

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
LabGenomics Company, Ltd. (A)	4,545	$	18,105
LF Corp.	2,312		30,896
LG Corp.	6,087		387,597
LG Display Company, Ltd., ADR (B)	48,840		311,599
LG Electronics, Inc.	9,906		884,049
LG HelloVision Company, Ltd.	3,836		12,423
LG Uplus Corp.	18,651		155,386
Lotte Chemical Corp.	1,213		178,208
Lotte Confectionery Company, Ltd.	95		7,998
Lotte Corp.	2,012		44,569
LOTTE Fine Chemical Company, Ltd.	1,504		67,631
LOTTE Himart Company, Ltd.	1,006		9,441
Lotte Non-Life Insurance Company, Ltd. (A)	5,459		6,202
Lotte Shopping Company, Ltd.	881		55,596
LS Corp.	1,347		82,537
LS Electric Company, Ltd.	983		42,812
LX Hausys, Ltd.	659		16,989
LX Holdings Corp.	2,952		19,365
LX International Corp.	2,902		64,695
Meritz Securities Company, Ltd.	25,107		117,839
Mirae Asset Life Insurance Company, Ltd. (A)	8,582		16,869
Mirae Asset Securities Company, Ltd.	22,352		111,343
MK Electron Company, Ltd.	1,860		21,738
Motonic Corp.	2,259		15,777
Muhak Company, Ltd.	2,080		8,597
Namyang Dairy Products Company, Ltd.	58		25,139
Netmarble Corp. (A)(C)	1,149		58,909
Nexen Corp.	3,733		11,824
Nexen Tire Corp.	6,465		43,004
NH Investment & Securities Company, Ltd.	12,340		83,652
NHN Corp. (A)	1,882		38,215
Nice Information & Telecommunication, Inc.	705		13,549
Nong Shim Holdings Company, Ltd.	402		21,023
NongShim Company, Ltd.	163		47,381
NOVAREX Company, Ltd.	1,637		11,186
OCI Company, Ltd.	1,606		126,800
Orion Holdings Corp.	2,756		36,111
Ottogi Corp.	49		16,842
Paik Kwang Industrial Company, Ltd.	4,235		16,849
Pan Ocean Company, Ltd.	26,446		118,551
Partron Company, Ltd.	3,579		22,824
PHA Company, Ltd.	2,626		15,352
Poongsan Corp.	2,423		70,427
Poongsan Holdings Corp.	1,129		30,478
POSCO Holdings, Inc.	6,186		1,750,151
Posco International Corp.	4,844		83,355
Protec Company, Ltd.	600		14,315
RFTech Company, Ltd. (A)	4,033		15,302
Sam Young Electronics Company, Ltd.	938		6,780
Samho Development Company, Ltd.	4,213		11,260
SAMPYO Cement Company, Ltd.	4,134		11,372
Samsung C&T Corp.	3,804		316,792
Samsung Card Company, Ltd.	2,454		57,325
Samsung Electronics Company, Ltd.	36,091		1,784,735
Samsung Fire & Marine Insurance Company, Ltd.	2,745		433,908
Samsung Life Insurance Company, Ltd.	4,195		202,299
Samsung Securities Company, Ltd.	4,810		117,571
Samyang Corp.	258		8,023
Samyang Holdings Corp.	535		31,042
Sangsangin Company, Ltd.	3,653		13,996

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Seah Besteel Holdings Corp.	1,017	$	17,767
Sebang Company, Ltd.	1,153		40,784
Sebang Global Battery Company, Ltd.	601		25,770
Sejong Industrial Company, Ltd.	1,547		7,593
Sejong Telecom, Inc.	19,734		10,223
Seohee Construction Company, Ltd.	13,592		13,064
Seoul Semiconductor Company, Ltd.	3,322		29,521
Seoyon Company, Ltd.	2,508		16,316
SGC Energy Company, Ltd.	744		17,442
SGC eTec E&C Company, Ltd.	231		4,586
Shindaeyang Paper Company, Ltd.	267		17,432
Shinhan Financial Group Company, Ltd.	2,494		67,750
Shinhan Financial Group Company, Ltd., ADR	32,928		887,080
Shinsegae Engineering & Construction Company, Ltd.	621		8,918
Shinsegae Food Company, Ltd.	268		9,275
Shinsegae, Inc.	668		110,849
Shinyoung Securities Company, Ltd. (A)	580		24,861
SIMMTECH HOLDINGS Company, Ltd.	3,917		9,690
SK Chemicals Company, Ltd.	288		16,511
SK Discovery Company, Ltd.	1,496		36,365
SK Gas, Ltd.	304		27,796
SK Hynix, Inc.	43,190		2,955,706
SK Innovation Company, Ltd. (A)	4,550		630,459
SK Networks Company, Ltd.	16,268		56,464
SK Securities Company, Ltd.	27,076		14,740
SK, Inc.	2,806		373,877
SL Corp.	1,341		28,931
SNT Holdings Company, Ltd.	1,460		17,417
SNT Motiv Company, Ltd.	882		31,862
Songwon Industrial Company, Ltd.	1,547		22,377
Spigen Korea Company, Ltd.	525		13,014
Sugentech, Inc.	1,378		8,630
Sungshin Cement Company, Ltd.	2,022		16,799
Sungwoo Hitech Company, Ltd.	2,984		16,958
Sunjin Company, Ltd.	2,276		15,121
Systems Technology, Inc.	1,205		12,379
Taekwang Industrial Company, Ltd.	48		26,612
Taeyoung Engineering & Construction Company, Ltd.	2,234		6,196
TechWing, Inc.	3,609		21,433
Tongyang Life Insurance Company, Ltd. (A)	7,644		22,459
Tovis Company, Ltd.	1,305		11,703
TS Corp.	12,730		26,143
TY Holdings Company, Ltd.	2,153		17,535
Uju Electronics Company, Ltd.	672		7,589
Unid Btplus Company, Ltd. (A)	637		4,710
Unid Company, Ltd.	406		24,285
Uniquest Corp.	1,636		14,770
WiSoL Company, Ltd.	2,256		12,288
Wonik Holdings Company, Ltd. (A)	5,948		17,316
Wonik Materials Company, Ltd.	880		19,462
Woori Financial Group, Inc.	41,842		368,071
Young Poong Corp.	51		22,753
Youngone Corp.	2,509		88,285
Youngone Holdings Company, Ltd.	920		45,464
Yuanta Securities Korea Company, Ltd.	11,703		24,084
			25,982,535
Taiwan - 16.8%
Abico Avy Company, Ltd. (A)	24,990		17,736
Acer, Inc.	256,452		237,695
ACES Electronic Company, Ltd.	19,323		19,984

 

68

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Acter Group Corp., Ltd.	8,000	$	36,353
Advanced International Multitech Company, Ltd.	13,000		42,616
AGV Products Corp.	11,716		4,478
Altek Corp.	16,000		18,908
AmTRAN Technology Company, Ltd.	52,255		17,488
Apacer Technology, Inc. (A)	11,000		18,688
APCB, Inc.	37,000		21,039
Apex International Company, Ltd.	7,000		13,682
Arcadyan Technology Corp.	8,000		28,106
Ardentec Corp.	45,000		85,414
Argosy Research, Inc.	7,000		25,732
ASE Technology Holding Company, Ltd.	256,000		950,032
Asia Cement Corp.	137,805		196,230
Asia Optical Company, Inc.	14,000		30,450
Asia Polymer Corp.	50,607		48,073
Asia Tech Image, Inc.	12,000		27,919
Asustek Computer, Inc.	54,000		484,489
Audix Corp.	21,000		39,264
AUO Corp.	411,200		249,820
AVerMedia Technologies, Inc.	19,000		14,597
Bank of Kaohsiung Company, Ltd.	82,204		33,314
Basso Industry Corp.	8,000		11,335
BenQ Materials Corp.	13,000		15,529
BES Engineering Corp.	163,700		49,866
Brighton-Best International Taiwan, Inc.	19,000		22,517
Capital Securities Corp.	183,403		72,398
Career Technology MFG. Company, Ltd. (A)	34,200		27,163
Catcher Technology Company, Ltd.	43,000		268,806
Cathay Financial Holding Company, Ltd.	387,775		533,907
Cathay Real Estate Development Company, Ltd.	46,400		26,110
Celxpert Energy Corp.	12,000		13,444
Central Reinsurance Company, Ltd.	40,463		23,538
Chang Hwa Commercial Bank, Ltd.	296,580		169,315
Channel Well Technology Company, Ltd.	16,000		23,351
CHC Healthcare Group	8,000		18,197
Chen Full International Company, Ltd.	15,000		21,456
Chenbro Micom Company, Ltd.	2,000		5,502
Cheng Loong Corp.	68,320		63,486
Cheng Mei Materials Technology Corp. (A)	46,000		19,016
Cheng Shin Rubber Industry Company, Ltd.	132,000		158,732
Cheng Uei Precision Industry Company, Ltd.	37,629		51,252
Chia Hsin Cement Corp.	15,000		9,354
Chicony Electronics Company, Ltd.	28,000		87,648
China Airlines, Ltd.	264,910		170,583
China Bills Finance Corp.	95,000		46,842
China Chemical & Pharmaceutical Company, Ltd.	34,000		29,133
China Development Financial Holding Corp.	1,167,535		483,102
China Man-Made Fiber Corp. (A)	139,414		38,183
China Metal Products Company, Ltd.	42,513		49,664
China Motor Corp.	30,250		63,560
China Petrochemical Development Corp.	309,245		100,302
China Steel Corp.	1,045,180		1,061,857
Chin-Poon Industrial Company, Ltd.	43,571		46,637
Chipbond Technology Corp.	70,000		159,683
ChipMOS Technologies, Inc.	66,938		84,587
Chong Hong Construction Company, Ltd.	19,000		48,978

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Chun Yuan Steel Industry Company, Ltd.	50,874	$	26,801
Chung Hwa Pulp Corp.	41,000		21,829
Chung-Hsin Electric & Machinery Manufacturing Corp.	46,500		145,143
CMC Magnetics Corp. (A)	68,121		17,747
Compal Electronics, Inc.	325,000		269,914
Compeq Manufacturing Company, Ltd.	77,000		117,822
Concord Securities Company, Ltd.	26,000		9,513
Continental Holdings Corp.	49,050		49,735
Coretronic Corp.	40,000		89,447
Co-Tech Development Corp.	3,000		5,957
CTBC Financial Holding Company, Ltd.	1,395,348		1,004,833
DA CIN Construction Company, Ltd.	20,000		21,961
Da-Li Development Company, Ltd.	17,000		17,791
Darfon Electronics Corp.	16,000		23,225
Darwin Precisions Corp. (A)	37,000		13,001
Depo Auto Parts Industrial Company, Ltd.	12,000		35,867
D-Link Corp.	50,600		30,395
Dyaco International, Inc.	5,000		7,393
Dynamic Holding Company, Ltd.	35,584		26,962
Dynapack International Technology Corp.	10,000		27,210
E.Sun Financial Holding Company, Ltd.	47,825		39,827
Edom Technology Company, Ltd.	18,400		17,307
Elite Advanced Laser Corp.	7,000		9,250
Elite Semiconductor Microelectronics Technology, Inc.	6,000		16,525
Elitegroup Computer Systems Company, Ltd.	42,104		31,558
Ennostar, Inc.	31,656		55,607
EnTie Commercial Bank Company, Ltd.	58,000		28,247
Eternal Materials Company, Ltd.	57,400		59,151
Eva Airways Corp.	218,725		194,103
Everest Textile Company, Ltd. (A)	64,835		16,298
Evergreen International Storage & Transport Corp.	44,600		40,778
Evergreen Marine Corp. Taiwan, Ltd.	69,662		364,846
Evergreen Steel Corp.	10,000		18,366
Everlight Chemical Industrial Corp.	49,250		30,512
Everlight Electronics Company, Ltd.	46,000		60,714
Excelsior Medical Company, Ltd.	17,401		45,641
Far Eastern Department Stores, Ltd.	77,720		58,141
Far Eastern International Bank	253,756		92,695
Far Eastern New Century Corp.	252,249		259,620
Farglory Land Development Company, Ltd.	28,530		53,193
Feng Hsin Steel Company, Ltd.	8,000		17,903
First Financial Holding Company, Ltd.	605,314		526,860
First Steamship Company, Ltd. (A)	84,809		25,615
Fitipower Integrated Technology, Inc.	8,000		44,559
Fittech Company, Ltd.	9,000		29,182
FLEXium Interconnect, Inc. (A)	27,000		88,100
Formosa Advanced Technologies Company, Ltd.	25,000		36,585
Formosa Chemicals & Fibre Corp.	184,000		417,619
Formosa Laboratories, Inc.	9,543		24,143
Formosa Petrochemical Corp.	4,000		11,183
Formosa Plastics Corp.	188,000		567,573
Formosa Taffeta Company, Ltd.	67,000		61,933
Formosan Rubber Group, Inc.	33,020		24,070
Formosan Union Chemical	48,812		40,524
Foxconn Technology Company, Ltd.	64,626		118,921
FSP Technology, Inc.	10,000		15,224
Fubon Financial Holding Company, Ltd.	624,805		1,162,828

 

69

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Fulgent Sun International Holding Company, Ltd.	11,000	$	48,333
Fulltech Fiber Glass Corp.	46,349		18,574
Fwusow Industry Company, Ltd.	40,000		28,311
G Shank Enterprise Company, Ltd.	15,535		29,150
Gamania Digital Entertainment Company, Ltd.	9,000		21,678
Gemtek Technology Corp.	32,000		32,564
General Interface Solution Holding, Ltd.	29,000		78,320
Getac Holdings Corp.	14,000		24,664
Giantplus Technology Company, Ltd.	31,000		14,503
Gigabyte Technology Company, Ltd.	31,000		136,663
Global Brands Manufacture, Ltd.	37,541		41,921
Global Lighting Technologies, Inc.	6,000		11,643
Global PMX Company, Ltd.	3,000		14,299
Globe Union Industrial Corp. (A)	57,525		25,243
Gloria Material Technology Corp. (A)	39,684		67,306
Goldsun Building Materials Company, Ltd.	93,540		85,896
Gourmet Master Company, Ltd.	6,000		28,699
Grand Pacific Petrochemical	77,000		50,764
Great China Metal Industry	33,000		27,430
Great Wall Enterprise Company, Ltd.	15,724		26,455
Greatek Electronics, Inc.	12,000		21,059
Hannstar Board Corp.	39,750		46,580
HannStar Display Corp.	112,842		47,520
HannsTouch Solution, Inc.	64,000		20,831
Hey Song Corp.	40,000		47,192
Highwealth Construction Corp.	49,507		66,993
Hitron Technology, Inc.	28,000		25,672
Ho Tung Chemical Corp.	88,399		26,090
Holy Stone Enterprise Company, Ltd.	10,000		33,086
Hon Hai Precision Industry Company, Ltd.	658,448		2,253,864
Hong Pu Real Estate Development Company, Ltd. (A)	27,000		21,741
Hong TAI Electric Industrial	20,000		13,000
Horizon Securities Company, Ltd.	19,080		6,226
Hsin Kuang Steel Company, Ltd.	9,000		14,217
Hsing TA Cement Company, Ltd.	38,000		21,285
Hua Nan Financial Holdings Company, Ltd.	476,096		350,241
Hung Ching Development & Construction Company, Ltd.	14,000		10,230
Hung Sheng Construction, Ltd.	42,240		31,862
IBF Financial Holdings Company, Ltd.	268,707		109,015
Ichia Technologies, Inc.	25,000		21,929
IEI Integration Corp.	12,000		33,753
Innolux Corp.	595,092		285,520
Inpaq Technology Company, Ltd.	12,000		22,912
Integrated Service Technology, Inc.	9,000		26,407
International CSRC Investment Holdings Company	81,383		52,907
Inventec Corp.	158,000		166,071
Iron Force Industrial Company, Ltd.	6,000		16,703
ITEQ Corp.	11,000		28,388
Jarllytec Company, Ltd.	9,000		19,912
Jess-Link Products Company, Ltd.	13,000		20,284
Kaimei Electronic Corp.	10,640		25,996
Kedge Construction Company, Ltd.	6,600		14,748
Kenda Rubber Industrial Company, Ltd.	39,520		40,848
Kerry TJ Logistics Company, Ltd.	16,000		19,982
Kindom Development Company, Ltd.	24,000		23,681
King Yuan Electronics Company, Ltd.	112,796		180,352
King's Town Bank Company, Ltd.	83,000		96,299

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
King's Town Construction Company, Ltd. (A)	7,300	$	7,610
Kinko Optical Company, Ltd. (A)	15,758		13,907
Kinpo Electronics, Inc.	108,269		46,810
Kinsus Interconnect Technology Corp.	22,000		84,422
KS Terminals, Inc.	9,000		21,249
Kuo Toong International Company, Ltd.	18,248		16,975
Kuo Yang Construction Company, Ltd. (A)	12,000		7,233
L&K Engineering Company, Ltd.	17,000		27,100
Largan Precision Company, Ltd.	6,000		430,165
Lealea Enterprise Company, Ltd.	90,124		30,742
Lelon Electronics Corp.	8,000		17,321
Li Peng Enterprise Company, Ltd. (A)	62,000		16,279
Lida Holdings, Ltd.	4,640		4,740
Lien Hwa Industrial Holdings Corp.	45,045		83,107
Lingsen Precision Industries, Ltd.	49,481		24,761
Lite-On Technology Corp.	164,000		394,775
Longchen Paper & Packaging Company, Ltd.	66,189		36,951
Lumax International Corp., Ltd.	3,600		8,981
Lung Yen Life Service Corp.	9,000		11,620
Macauto Industrial Company, Ltd.	8,000		18,581
Macronix International Company, Ltd.	129,000		149,146
Mega Financial Holding Company, Ltd.	415,158		449,944
Mercuries & Associates Holding, Ltd.	48,293		24,371
Mercuries Life Insurance Company, Ltd. (A)	87,212		14,441
Mitac Holdings Corp.	58,316		52,381
MOSA Industrial Corp.	9,738		7,792
MPI Corp.	11,000		48,984
Namchow Holdings Company, Ltd.	9,000		13,940
Nan Ya Plastics Corp.	334,000		850,803
Nantex Industry Company, Ltd.	9,000		11,863
Nanya Technology Corp.	106,000		232,492
Nichidenbo Corp.	14,000		27,373
Nishoku Technology, Inc.	7,800		23,556
O-Bank Company, Ltd.	52,538		16,750
Orient Semiconductor Electronics, Ltd.	26,000		17,620
Oriental Union Chemical Corp.	28,000		18,358
Pacific Construction Company	38,289		11,640
Paiho Shih Holdings Corp.	11,000		9,842
Pan-International Industrial Corp.	44,481		57,615
PChome Online, Inc.	6,000		12,311
Pegatron Corp.	162,660		373,248
Phison Electronics Corp.	12,000		155,024
Pixart Imaging, Inc.	10,000		35,559
Pou Chen Corp.	137,348		141,166
Powerchip Semiconductor Manufacturing Corp.	207,000		226,144
Powertech Technology, Inc.	39,000		116,806
President Securities Corp.	99,549		52,787
Primax Electronics, Ltd.	26,000		51,700
Prince Housing & Development Corp.	142,555		54,852
Prodisc Technology, Inc. (A)(D)	762,000		0
Promate Electronic Company, Ltd.	8,000		11,000
Prosperity Dielectrics Company, Ltd.	6,000		7,806
Qisda Corp.	134,280		140,146
Quanta Computer, Inc.	201,000		588,838
Quanta Storage, Inc.	23,000		43,895
Radiant Opto-Electronics Corp.	34,000		123,725
Radium Life Tech Company, Ltd.	102,621		30,738
Rechi Precision Company, Ltd.	20,000		12,439
Rexon Industrial Corp., Ltd.	13,000		12,455
Ritek Corp. (A)	57,799		16,989

 

70

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Roo Hsing Company, Ltd. (A)(D)	67,000	$	6,425
Ruentex Industries, Ltd.	39,424		73,347
Sampo Corp.	43,470		39,310
San Far Property, Ltd.	28,964		11,418
Sanyang Motor Company, Ltd.	48,000		61,692
Sercomm Corp.	22,000		68,793
Sesoda Corp.	13,064		18,351
Shan-Loong Transportation Company, Ltd.	23,000		24,537
Sheng Yu Steel Company, Ltd.	22,000		18,899
ShenMao Technology, Inc.	8,000		12,706
Shih Wei Navigation Company, Ltd.	26,332		22,907
Shihlin Electric & Engineering Corp.	21,000		55,358
Shin Kong Financial Holding Company, Ltd.	870,344		241,381
Shin Zu Shing Company, Ltd.	8,000		22,912
Shining Building Business Company, Ltd. (A)	55,118		16,495
Shinkong Insurance Company, Ltd.	27,000		44,377
Shinkong Synthetic Fibers Corp.	132,239		78,396
Shuttle, Inc. (A)	25,000		10,110
Sigurd Microelectronics Corp.	47,773		88,032
Simplo Technology Company, Ltd.	8,000		79,802
Sincere Navigation Corp.	24,000		19,659
Sinher Technology, Inc.	8,000		9,977
Sinon Corp.	25,650		32,008
SinoPac Financial Holdings Company, Ltd.	706,335		386,188
Sinyi Realty, Inc.	13,000		12,319
Sirtec International Company, Ltd.	23,800		17,218
Siward Crystal Technology Company, Ltd.	20,000		24,690
Soft-World International Corp.	4,000		12,192
Solar Applied Materials Technology Corp.	11,000		13,256
Sunonwealth Electric Machine Industry Company, Ltd.	18,000		31,059
Sunplus Technology Company, Ltd.	33,000		27,136
Sunrex Technology Corp.	11,678		17,057
Supreme Electronics Company, Ltd.	13,268		19,471
Syncmold Enterprise Corp.	6,000		11,795
SYNergy ScienTech Corp. (A)	10,000		8,897
Synnex Technology International Corp.	87,000		175,531
Systex Corp.	6,000		15,538
T3EX Global Holdings Corp.	3,000		7,749
TA Chen Stainless Pipe	100,483		150,535
Ta Ya Electric Wire & Cable	62,422		53,282
TA-I Technology Company, Ltd.	8,000		12,281
Taichung Commercial Bank Company, Ltd.	211,982		96,633
TaiDoc Technology Corp.	4,000		24,345
Taiflex Scientific Company, Ltd.	24,100		33,734
Tainan Spinning Company, Ltd.	135,638		75,277
Taishin Financial Holding Company, Ltd.	748,047		409,357
Taita Chemical Company, Ltd.	27,818		19,429
TAI-TECH Advanced Electronics Company, Ltd.	5,000		18,638
Taiwan Business Bank	413,545		183,159
Taiwan Cement Corp.	363,325		434,537
Taiwan Chinsan Electronic Industrial Company, Ltd.	14,852		18,169
Taiwan Cooperative Financial Holding Company, Ltd.	462,307		397,002
Taiwan Fertilizer Company, Ltd.	52,000		95,795

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Fire & Marine Insurance Company, Ltd.	41,000	$	27,968
Taiwan FU Hsing Industrial Company, Ltd.	21,000		30,343
Taiwan Glass Industry Corp.	80,319		54,343
Taiwan Hon Chuan Enterprise Company, Ltd.	29,000		92,766
Taiwan Kolin Company, Ltd. (A)(D)	327,000		0
Taiwan Navigation Company, Ltd.	19,000		19,474
Taiwan Paiho, Ltd.	14,000		27,195
Taiwan PCB Techvest Company, Ltd.	36,000		49,069
Taiwan Shin Kong Security Company, Ltd.	8,000		10,716
Taiwan Styrene Monomer	38,000		17,331
Taiwan Surface Mounting Technology Corp.	26,225		84,129
Taiwan Union Technology Corp.	14,000		32,820
Taiyen Biotech Company, Ltd.	26,137		28,735
Tatung Company, Ltd. (A)	94,000		102,025
TBI Motion Technology Company, Ltd.	12,000		16,565
TCI Company, Ltd.	3,000		19,930
Teco Electric & Machinery Company, Ltd.	109,000		152,479
Test Research, Inc.	13,000		27,189
The Ambassador Hotel	29,000		33,516
The Shanghai Commercial & Savings Bank, Ltd.	143,823		221,983
Thinking Electronic Industrial Company, Ltd.	4,000		20,223
Thye Ming Industrial Company, Ltd.	24,800		34,994
Ton Yi Industrial Corp.	97,000		61,729
Tong Hsing Electronic Industries, Ltd.	7,200		47,175
Tong Yang Industry Company, Ltd.	40,627		61,748
Tong-Tai Machine & Tool Company, Ltd.	26,588		14,774
TOPBI International Holdings, Ltd. (A)	8,077		3,690
Topkey Corp.	6,000		41,401
Topoint Technology Company, Ltd.	29,190		28,340
TPK Holding Company, Ltd.	41,000		46,297
Transcend Information, Inc.	9,000		21,627
Tripod Technology Corp.	20,000		73,679
Tsann Kuen Enterprise Company, Ltd.	4,911		6,879
TSRC Corp.	28,000		26,024
Tung Ho Steel Enterprise Corp.	61,640		113,578
TURVO International Company, Ltd.	4,000		15,137
TXC Corp.	27,000		79,137
TYC Brother Industrial Company, Ltd.	15,511		15,319
Tycoons Group Enterprise (A)	38,000		10,389
Tyntek Corp.	36,000		22,146
U-Ming Marine Transport Corp.	38,000		69,966
Union Bank of Taiwan	147,539		77,084
Unitech Printed Circuit Board Corp. (A)	78,985		49,532
United Microelectronics Corp.	790,794		1,383,836
Universal Cement Corp.	27,483		23,952
Unizyx Holding Corp.	30,540		37,418
UPC Technology Corp.	89,751		42,539
USI Corp.	80,996		70,678
Wah Lee Industrial Corp.	20,520		59,195
Walsin Lihwa Corp.	156,589		252,201
Walsin Technology Corp.	25,000		79,666
Walton Advanced Engineering, Inc.	39,584		17,942
Wan Hai Lines, Ltd.	58,800		133,078
Wei Chuan Foods Corp.	33,000		21,713
Weikeng Industrial Company, Ltd.	25,000		24,667
Well Shin Technology Company, Ltd.	15,000		26,231

 

71

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Winbond Electronics Corp.	316,793	$	277,179
Wintek Corp. (A)(D)	543,000		0
Wisdom Marine Lines Company, Ltd.	36,343		76,981
Wistron Corp.	270,291		372,098
WPG Holdings, Ltd.	149,400		246,850
WT Microelectronics Company, Ltd.	45,174		100,503
Xxentria Technology Materials Corp.	8,000		17,501
Yageo Corp.	18,946		330,269
Yang Ming Marine Transport Corp.	152,000		322,686
YC INOX Company, Ltd.	40,104		38,957
Yea Shin International Development Company, Ltd.	22,761		20,112
Yem Chio Company, Ltd.	42,717		23,043
Yeong Guan Energy Technology Group Company, Ltd.	13,553		34,903
YFY, Inc.	132,202		115,593
Yieh Phui Enterprise Company, Ltd.	72,343		37,409
Youngtek Electronics Corp.	17,000		37,866
Yuanta Financial Holding Company, Ltd.	708,532		521,044
Yulon Motor Company, Ltd.	56,470		139,751
YungShin Global Holding Corp.	8,000		11,561
Zeng Hsing Industrial Company, Ltd.	4,297		16,031
Zenitron Corp.	28,000		30,047
Zhen Ding Technology Holding, Ltd.	44,000		165,555
Zig Sheng Industrial Company, Ltd.	38,908		13,794
			35,002,021
Thailand - 2.1%
AAPICO Hitech PCL	35,352		31,619
AP Thailand PCL	223,670		78,624
Bangchak Corp. PCL	91,600		83,095
Bangkok Bank PCL	43,000		190,741
Bangkok Bank PCL, NVDR	14,500		64,320
Bangkok Insurance PCL	3,050		26,042
Bangkok Land PCL	1,059,200		30,397
Bangkok Life Assurance PCL, NVDR	18,200		14,913
Bangkok Ranch PCL (A)	92,300		8,432
Banpu PCL	535,067		169,252
Berli Jucker PCL	86,900		97,418
Cal-Comp Electronics Thailand PCL	145,288		9,031
Charoen Pokphand Foods PCL	377,100		233,799
Esso Thailand PCL	83,900		21,771
GFPT PCL	43,900		14,565
Indorama Ventures PCL	130,000		131,357
IRPC PCL	943,100		72,427
Italian-Thai Development PCL (A)	477,400		22,525
Kasikornbank PCL, NVDR	28,200		109,392
Khon Kaen Sugar Industry PCL	192,600		17,942
Kiatnakin Phatra Bank PCL	19,400		35,958
Krung Thai Bank PCL	207,700		100,295
LPN Development PCL	52,900		7,213
Millcon Steel PCL	167,887		2,852
Polyplex Thailand PCL	14,000		7,216
Precious Shipping PCL	66,500		26,661
Pruksa Holding PCL	78,800		28,814
PTT Exploration & Production PCL	86,800		381,427
PTT Global Chemical PCL	115,500		154,876
PTT PCL	861,000		794,546
Quality Houses PCL	377,100		26,726
Regional Container Lines PCL	30,000		23,307
Rojana Industrial Park PCL	113,100		21,701
Saha-Union PCL	16,100		13,781
Sansiri PCL	1,026,866		52,363
SC Asset Corp. PCL	238,196		29,857
SCB X PCL	42,400		127,393
Siam City Cement PCL	4,900		20,010

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
Siamgas & Petrochemicals PCL	78,400	$	21,021
Sino-Thai Engineering & Construction PCL	30,500		11,263
Somboon Advance Technology PCL	51,300		28,571
SPCG PCL	58,900		23,770
Sri Trang Agro-Industry PCL	84,800		56,841
Srithai Superware PCL	283,000		12,454
Star Petroleum Refining PCL	100,000		31,629
STP & I PCL (A)	21,600		2,618
Supalai PCL	123,100		80,019
Super Energy Corp. PCL	743,000		14,340
Syntec Construction PCL	156,500		7,786
Thai Oil PCL	92,873		142,714
Thai Stanley Electric PCL	700		3,702
Thai Union Group PCL	225,600		93,144
Thanachart Capital PCL	37,300		49,988
The Lanna Resources PCL	44,200		19,018
The Siam Cement PCL	33,600		309,959
Thitikorn PCL	100		23
Thoresen Thai Agencies PCL	75,500		17,351
TMBThanachart Bank PCL	1,347,695		56,069
TPI Polene PCL	559,900		26,233
TPI Polene Power PCL	283,200		27,821
True Corp. PCL	406,502		99,857
Univentures PCL	51,700		4,331
			4,423,180
Turkey - 0.8%
Akbank TAS	273,631		242,120
Anadolu Efes Biracilik Ve Malt Sanayii AS	14,921		49,928
Dogan Sirketler Grubu Holding AS	52,374		25,552
Eczacibasi Yatirim Holding Ortakligi AS	1		4
Enka Insaat ve Sanayi AS	76,018		116,412
Eregli Demir ve Celik Fabrikalari TAS (A)	76,335		141,247
Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (A)(D)	54,846		270
Gozde Girisim Sermayesi Yatirim Ortakligi AS (A)	28,775		22,324
GSD Holding AS	173,611		26,806
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A	14,485		13,013
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D	25,436		25,220
KOC Holding AS	34,979		139,721
Sekerbank Turk AS (A)	178,589		23,990
TAV Havalimanlari Holding AS (A)	11,684		45,093
Turk Hava Yollari AO (A)	43,966		272,257
Turkiye Halk Bankasi AS (A)	56,201		32,465
Turkiye Is Bankasi AS, Class C	209,300		141,697
Turkiye Sinai Kalkinma Bankasi AS (A)	141,027		30,170
Turkiye Sise ve Cam Fabrikalari AS	55,383		122,323
Turkiye Vakiflar Bankasi TAO, Class D (A)	91,535		42,794
Uzel Makina Sanayii AS (A)(D)	22,930		0
Vestel Elektronik Sanayi ve Ticaret AS (A)	6,172		15,263
Yapi ve Kredi Bankasi AS	254,969		127,706
			1,656,375
Ukraine - 0.0%
Kernel Holding SA (A)	362		1,547
United Arab Emirates - 1.1%
Abu Dhabi Commercial Bank PJSC	203,264		460,003
Agthia Group PJSC	33,488		37,601

 

72

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Arab Emirates (continued)
Ajman Bank PJSC (A)	110,663	$	43,176
Aldar Properties PJSC	274,565		348,194
Amanat Holdings PJSC (A)	77,820		20,345
Amlak Finance PJSC (A)	70,121		12,558
Dana Gas PJSC	313,959		69,769
Deyaar Development PJSC (A)	187,028		24,550
Dubai Investments PJSC	195,034		122,372
Emaar Development PJSC	95,957		144,409
Emaar Properties PJSC	322,670		493,040
Emirates NBD Bank PJSC	131,052		468,971
Eshraq Investments PJSC (A)	138,023		17,203
Islamic Arab Insurance Company	45,511		7,697
RAK Properties PJSC (A)	77,735		12,360
Ras Al Khaimah Ceramics	24,868		18,222
SHUAA Capital PSC (A)	76,875		7,488
			2,307,958
United States - 0.0%
Nexteer Automotive Group, Ltd.	95,000		60,000
TOTAL COMMON STOCKS (Cost $219,228,075)		$	201,717,481
PREFERRED SECURITIES - 1.8%
Brazil - 1.8%
Banco ABC Brasil SA	9,841		32,677
Banco Bradesco SA	259,641		674,658
Banco do Estado do Rio Grande do Sul SA, B Shares	22,600		44,590
Banco Pan SA	24,400		24,552
Eucatex SA Industria e Comercio	4,200		7,872
Gerdau SA	86,495		431,582
Marcopolo SA	55,200		34,633
Petroleo Brasileiro SA	486,306		2,249,973
Randon SA Implementos e Participacoes	21,672		32,112
Usinas Siderurgicas de Minas Gerais SA, A Shares	57,310		82,430
			3,615,079
Colombia - 0.0%
Grupo Argos SA	23,975		30,477
Grupo Aval Acciones y Valores SA (A)	137,489		16,500
Grupo de Inversiones Suramericana SA	9,424		22,847
			69,824

Emerging Markets Value Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Philippines - 0.0%
Cebu Air, Inc., 6.000%	15,189	$	11,516
TOTAL PREFERRED SECURITIES (Cost $4,653,892)		$	3,696,419
WARRANTS - 0.0%
Bangkok Ranch PCL (Expiration Date: 9-1-26; Strike Price: THB 5.00) (A)	46,150		391
TOTAL WARRANTS (Cost $0)		$	391
SHORT-TERM INVESTMENTS - 0.4%
Short-term funds - 0.4%
John Hancock Collateral Trust, 4.9438% (E)(F)	90,721		906,930
TOTAL SHORT-TERM INVESTMENTS (Cost $906,925)		$	906,930
Total Investments (Emerging Markets Value Trust) (Cost $224,788,892) - 99.1%		$	206,321,221
Other assets and liabilities, net - 0.9%			1,818,593
TOTAL NET ASSETS - 100.0%		$	208,139,814

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 3-31-23. The value of securities on loan amounted to $887,774.
(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 3-31-23.
(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	28	Long	Jun 2023	$1,350,038	$1,393,840	$43,802
						$43,802

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

Equity Income Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.8%
Communication services – 5.7%
Diversified telecommunication services – 0.8%
AT&T, Inc.	120,337	$	2,316,487

73

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Verizon Communications, Inc.	230,572	$	8,966,945
			11,283,432
Entertainment – 1.3%
The Walt Disney Company (A)	178,526		17,875,808
Interactive media and services – 0.9%
Meta Platforms, Inc., Class A (A)	56,700		12,016,998
Media – 2.7%
Comcast Corp., Class A	342,918		13,000,021
News Corp., Class A	1,137,182		19,639,133
News Corp., Class B	101,246		1,764,718
Paramount Global, Class B (B)	59,500		1,327,445
			35,731,317
			76,907,555
Consumer discretionary – 4.6%
Automobiles – 1.1%
Volkswagen AG, ADR	1,087,319		14,787,538
Broadline retail – 0.4%
Kohl's Corp.	252,771		5,950,229
Hotels, restaurants and leisure – 1.2%
Las Vegas Sands Corp. (A)	288,183		16,556,113
Leisure products – 0.7%
Mattel, Inc. (A)	499,197		9,190,217
Specialty retail – 1.2%
Best Buy Company, Inc.	72,900		5,705,883
The TJX Companies, Inc.	135,392		10,609,317
			16,315,200
			62,799,297
Consumer staples – 7.2%
Beverages – 0.5%
Constellation Brands, Inc., Class A	32,069		7,244,066
Consumer staples distribution and retail – 1.0%
Walmart, Inc.	89,207		13,153,572
Food products – 2.5%
Conagra Brands, Inc.	561,412		21,086,635
Mondelez International, Inc., Class A	26,265		1,831,196
Tyson Foods, Inc., Class A	192,742		11,433,455
			34,351,286
Household products – 1.5%
Kimberly-Clark Corp.	149,813		20,107,901
Tobacco – 1.7%
Philip Morris International, Inc.	235,354		22,888,177
			97,745,002
Energy – 8.2%
Oil, gas and consumable fuels – 8.2%
Chevron Corp.	29,027		4,736,045
Enbridge, Inc.	91,000		3,471,650
EOG Resources, Inc.	118,771		13,614,720
Exxon Mobil Corp.	189,920		20,826,627
Hess Corp.	85,930		11,371,976
Suncor Energy, Inc.	22,400		695,520
TC Energy Corp. (B)	359,871		14,002,581
The Williams Companies, Inc.	45,000		1,343,700
TotalEnergies SE	539,956		31,837,788
TotalEnergies SE, ADR	142,573		8,418,936
			110,319,543
Financials – 19.8%
Banks – 7.5%
Bank of America Corp.	228,486		6,534,700
Citigroup, Inc.	141,884		6,652,941

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Fifth Third Bancorp	486,950	$	12,972,348
Huntington Bancshares, Inc.	1,268,556		14,207,827
JPMorgan Chase & Co.	90,882		11,842,833
The PNC Financial Services Group, Inc.	34,806		4,423,843
U.S. Bancorp	240,798		8,680,768
Wells Fargo & Company	974,654		36,432,567
			101,747,827
Capital markets – 2.5%
Franklin Resources, Inc.	50,305		1,355,217
Morgan Stanley	107,945		9,477,571
Raymond James Financial, Inc.	32,146		2,998,257
State Street Corp.	45,421		3,437,915
The Carlyle Group, Inc.	126,300		3,922,878
The Charles Schwab Corp.	110,715		5,799,252
The Goldman Sachs Group, Inc.	19,735		6,455,516
			33,446,606
Financial services – 2.7%
Apollo Global Management, Inc.	47,800		3,019,048
Equitable Holdings, Inc.	764,296		19,405,475
Fiserv, Inc. (A)	124,992		14,127,846
			36,552,369
Insurance – 7.1%
American International Group, Inc.	535,180		26,951,665
Chubb, Ltd.	132,612		25,750,598
Loews Corp.	229,446		13,312,457
MetLife, Inc.	316,088		18,314,139
The Hartford Financial Services Group, Inc.	178,923		12,469,144
			96,798,003
			268,544,805
Health care – 17.1%
Biotechnology – 1.5%
AbbVie, Inc.	102,409		16,320,922
Biogen, Inc. (A)	15,139		4,209,096
			20,530,018
Health care equipment and supplies – 4.6%
Becton, Dickinson and Company	88,822		21,986,998
GE HealthCare Technologies, Inc. (A)	148,950		12,218,369
Medtronic PLC	148,388		11,963,041
Zimmer Biomet Holdings, Inc.	126,980		16,405,816
			62,574,224
Health care providers and services – 5.1%
Cardinal Health, Inc.	89,671		6,770,161
Centene Corp. (A)	85,929		5,431,572
CVS Health Corp.	178,991		13,300,821
Elevance Health, Inc.	66,203		30,440,801
The Cigna Group	49,348		12,609,894
			68,553,249
Pharmaceuticals – 5.9%
AstraZeneca PLC, ADR	116,332		8,074,604
Johnson & Johnson	155,257		24,064,835
Merck & Company, Inc.	116,921		12,439,225
Pfizer, Inc.	379,599		15,487,639
Sanofi	92,123		9,993,385
Sanofi, ADR	61,494		3,346,503
Viatris, Inc.	668,400		6,430,008
			79,836,199
			231,493,690
Industrials – 11.3%
Aerospace and defense – 2.6%
L3Harris Technologies, Inc.	107,133		21,023,780

 

74

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
The Boeing Company (A)	64,334	$	13,666,472
			34,690,252
Air freight and logistics – 1.8%
United Parcel Service, Inc., Class B	125,943		24,431,683
Commercial services and supplies – 0.5%
Stericycle, Inc. (A)	164,049		7,154,177
Industrial conglomerates – 4.4%
3M Company	24,300		2,554,173
General Electric Company	418,663		40,024,183
Siemens AG, ADR	216,489		17,524,785
			60,103,141
Machinery – 1.3%
Cummins, Inc.	15,932		3,805,836
Flowserve Corp.	34,687		1,179,358
Stanley Black & Decker, Inc.	149,900		12,078,942
			17,064,136
Passenger airlines – 0.7%
Southwest Airlines Company	303,841		9,886,986
			153,330,375
Information technology – 7.2%
Communications equipment – 0.3%
Cisco Systems, Inc.	85,569		4,473,119
Electronic equipment, instruments and components – 0.3%
TE Connectivity, Ltd.	31,553		4,138,176
IT services – 0.2%
Accenture PLC, Class A	11,100		3,172,491
Semiconductors and semiconductor equipment – 4.5%
Applied Materials, Inc.	102,930		12,642,892
Qualcomm, Inc.	262,005		33,426,598
Texas Instruments, Inc.	76,055		14,146,991
			60,216,481
Software – 1.6%
Microsoft Corp.	72,036		20,767,979
Technology hardware, storage and peripherals – 0.3%
Samsung Electronics Company, Ltd.	83,080		4,108,385
			96,876,631
Materials – 4.0%
Chemicals – 2.7%
CF Industries Holdings, Inc.	318,452		23,084,585
DuPont de Nemours, Inc.	13,952		1,001,335
International Flavors & Fragrances, Inc.	87,328		8,030,683
RPM International, Inc.	43,700		3,812,388
			35,928,991
Containers and packaging – 1.3%
International Paper Company	502,773		18,129,994
			54,058,985
Real estate – 3.9%
Health care REITs – 0.1%
Welltower, Inc.	26,273		1,883,511
Office REITs – 0.0%
Vornado Realty Trust	42,393		651,580
Residential REITs – 1.4%
Equity Residential	313,032		18,781,922
Specialized REITs – 2.4%
Rayonier, Inc.	333,404		11,089,017
Weyerhaeuser Company	691,388		20,831,520
			31,920,537
			53,237,550

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Utilities – 7.8%
Electric utilities – 3.5%
NextEra Energy, Inc.	60,937	$	4,697,024
PG&E Corp. (A)	114,800		1,856,316
The Southern Company	592,512		41,226,985
			47,780,325
Multi-utilities – 4.3%
Ameren Corp.	104,278		9,008,576
Dominion Energy, Inc.	357,197		19,970,884
NiSource, Inc.	145,849		4,077,938
Sempra Energy	163,719		24,747,764
			57,805,162
			105,585,487
TOTAL COMMON STOCKS (Cost $1,089,624,370)		$	1,310,898,920
PREFERRED SECURITIES – 1.8%
Consumer discretionary – 0.9%
Automobiles – 0.9%
Dr. Ing. h.c. F. Porsche AG (A)	91,958		11,802,730
Health care – 0.4%
Health care equipment and supplies – 0.4%
Becton, Dickinson and Company, 6.000%	106,565		5,298,412
Utilities – 0.5%
Electric utilities – 0.2%
NextEra Energy, Inc., 6.926%	56,812		2,633,236
Multi-utilities – 0.3%
NiSource, Inc., 7.750%	41,667		4,352,535
			6,985,771
TOTAL PREFERRED SECURITIES (Cost $21,038,625)		$	24,086,913
SHORT-TERM INVESTMENTS – 2.3%
Short-term funds – 2.3%
John Hancock Collateral Trust, 4.9438% (C)(D)	1,480,933		14,804,742
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (C)	3,142,542		3,142,542
T. Rowe Price Government Reserve Fund, 4.8116% (C)	13,207,309		13,207,309
TOTAL SHORT-TERM INVESTMENTS (Cost $31,156,013)		$	31,154,593
Total Investments (Equity Income Trust) (Cost $1,141,819,008) – 100.9%		$	1,366,140,426
Other assets and liabilities, net – (0.9%)			(12,793,847)
TOTAL NET ASSETS – 100.0%		$	1,353,346,579

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 3-31-23. The value of securities on loan amounted to $14,489,159.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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.

 

75

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Financial Industries Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.7%
Financials – 93.8%
Banks – 46.8%
1st Source Corp.	21,215	$	915,427
American Business Bank (A)	27,647		912,351
Atlantic Union Bankshares Corp.	39,153		1,372,313
Bank of America Corp.	89,440		2,557,984
Bank of Marin Bancorp	34,832		762,472
BayCom Corp.	32,520		555,442
BNP Paribas SA	41,647		2,487,056
Business First Bancshares, Inc.	32,931		564,108
California BanCorp (A)	27,567		537,832
Cambridge Bancorp	20,031		1,298,209
Central Valley Community Bancorp	18,354		377,725
Citizens Community Bancorp, Inc.	17,888		189,792
Citizens Financial Group, Inc.	84,822		2,576,044
Coastal Financial Corp. (A)	30,159		1,086,026
Comerica, Inc.	39,745		1,725,728
Enterprise Bancorp, Inc.	12,134		381,736
ESSA Bancorp, Inc.	17,566		276,138
Evans Bancorp, Inc.	16,400		550,466
Fifth Third Bancorp	86,031		2,291,866
First Citizens BancShares, Inc., Class A	344		334,746
First Merchants Corp.	39,894		1,314,507
German American Bancorp, Inc.	17,755		592,484
HBT Financial, Inc.	43,717		862,099
Independent Bank Corp. (Massachusetts)	19,317		1,267,582
ING Groep NV	206,503		2,452,292
JPMorgan Chase & Co.	18,461		2,405,653
Landmark Bancorp, Inc.	13,402		276,885
M&T Bank Corp.	14,177		1,695,144
Mid Penn Bancorp, Inc.	9,944		254,666
Nicolet Bankshares, Inc. (A)	20,241		1,276,195
Pinnacle Financial Partners, Inc.	17,756		979,421
Popular, Inc.	27,673		1,588,707
Premier Financial Corp.	41,383		857,870
Regions Financial Corp.	182,826		3,393,251
Southern First Bancshares, Inc. (A)	12,586		386,390
Stock Yards Bancorp, Inc.	32,527		1,793,539
Sumitomo Mitsui Financial Group, Inc.	63,300		2,533,112
The First Bancshares, Inc.	18,748		484,261
Timberland Bancorp, Inc.	9,366		253,069
TriCo Bancshares	42,105		1,751,147
U.S. Bancorp	63,752		2,298,260
Webster Financial Corp.	24,718		974,384
Wells Fargo & Company	93,372		3,490,245
Westamerica BanCorp	2,459		108,934
			55,043,558
Capital markets – 19.4%
AllianceBernstein Holding LP	48,697		1,780,362
Ameriprise Financial, Inc.	11,032		3,381,308
Ares Management Corp., Class A	30,024		2,505,203
Brookfield Asset Management, Ltd., Class A	21,745		711,496
Brookfield Corp.	50,402		1,642,601
Federated Hermes, Inc.	7,160		287,402
Morgan Stanley	36,948		3,244,034
Nasdaq, Inc.	18,755		1,025,336
Onex Corp.	32,735		1,530,298
S&P Global, Inc.	7,466		2,574,053
Stifel Financial Corp.	17,507		1,034,489
The Charles Schwab Corp.	33,975		1,779,611

Financial Industries Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Tradeweb Markets, Inc., Class A		16,337	$	1,290,950
				22,787,143
Consumer finance – 1.5%
American Express Company		11,125		1,835,069
Financial services – 3.3%
Berkshire Hathaway, Inc., Class B (A)		3,819		1,179,193
Corebridge Financial, Inc.		112,638		1,804,461
Visa, Inc., Class A		3,964		893,723
				3,877,377
Insurance – 22.8%
American International Group, Inc.		15,736		792,465
Arch Capital Group, Ltd. (A)		39,129		2,655,685
Arthur J. Gallagher & Company		9,333		1,785,496
Chubb, Ltd.		9,777		1,898,498
James River Group Holdings, Ltd.		68,546		1,415,475
Markel Corp. (A)		2,890		3,691,715
Reinsurance Group of America, Inc.		17,279		2,293,960
RenaissanceRe Holdings, Ltd.		10,182		2,039,862
Skyward Specialty Insurance Group, Inc. (A)		51,712		1,130,941
Swiss Re AG		13,852		1,423,064
The Allstate Corp.		15,768		1,747,252
The Hartford Financial Services Group, Inc.		23,992		1,672,002
The Travelers Companies, Inc.		10,929		1,873,340
Unum Group		59,865		2,368,259
				26,788,014
				110,331,161
Real estate – 2.9%
Industrial REITs – 2.9%
Prologis, Inc.		14,532		1,813,154
Rexford Industrial Realty, Inc.		26,735		1,594,743
				3,407,897
TOTAL COMMON STOCKS (Cost $120,770,111)			$	113,739,058
CONVERTIBLE BONDS - 0.5%
Financials - 0.5%
Redwood Trust, Inc. 7.750%, 06/15/2027 (B)	$	745,000		644,891
TOTAL CONVERTIBLE BONDS (Cost $663,238)			$	644,891
CORPORATE BONDS - 0.4%
Financials - 0.4%
BNP Paribas SA 7.750%, (7.750% to 8-16-29, then 5 Year CMT + 4.899%), 08/16/2029 (B)(C)		508,000		486,258
TOTAL CORPORATE BONDS (Cost $475,066)			$	486,258
SHORT-TERM INVESTMENTS – 2.7%
Short-term funds – 2.7%
John Hancock Collateral Trust, 4.9438% (D)(E)		317,267		3,171,691
TOTAL SHORT-TERM INVESTMENTS (Cost $3,171,707)			$	3,171,691
Total Investments (Financial Industries Trust) (Cost $125,080,122) – 100.3%			$	118,041,898
Other assets and liabilities, net – (0.3%)				(389,604)
TOTAL NET ASSETS – 100.0%			$	117,652,294

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
(A)	Non-income producing security.

 

76

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

(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)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Fundamental All Cap Core Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.2%
Communication services – 10.0%
Entertainment – 3.7%
Liberty Media Corp.-Liberty Formula One, Series C (A)	1,019,601	$	76,296,743
Interactive media and services – 6.3%
Alphabet, Inc., Class A (A)	1,038,507		107,724,331
CarGurus, Inc. (A)	1,159,579		21,660,936
			129,385,267
			205,682,010
Consumer discretionary – 22.5%
Broadline retail – 8.5%
Amazon.com, Inc. (A)	1,697,636		175,348,822
Household durables – 5.4%
Lennar Corp., A Shares	802,472		84,347,832
NVR, Inc. (A)	4,653		25,927,400
			110,275,232
Leisure products – 2.4%
Polaris, Inc.	447,742		49,533,697
Specialty retail – 4.1%
Dufry AG (A)	789,394		35,205,698
Group 1 Automotive, Inc.	219,950		49,801,079
			85,006,777
Textiles, apparel and luxury goods – 2.1%
Canada Goose Holdings, Inc. (A)	1,288,298		24,799,737
Salvatore Ferragamo SpA	984,224		18,001,920
			42,801,657
			462,966,185
Consumer staples – 3.4%
Beverages – 1.3%
Anheuser-Busch InBev SA/NV, ADR	401,413		26,786,289
Food products – 0.9%
The Hain Celestial Group, Inc. (A)	1,089,605		18,686,726
Personal care products – 1.2%
BellRing Brands, Inc. (A)	715,395		24,323,430
			69,796,445
Energy – 5.1%
Oil, gas and consumable fuels – 5.1%
Cheniere Energy, Inc.	436,704		68,824,550
Suncor Energy, Inc.	1,128,743		35,047,470
			103,872,020
Financials – 16.7%
Banks – 2.8%
First Hawaiian, Inc.	2,813,769		58,048,054
Capital markets – 13.4%
KKR & Company, Inc.	1,519,023		79,779,088
Morgan Stanley	845,774		74,258,957
S&P Global, Inc.	118,228		40,761,468

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
The Goldman Sachs Group, Inc.	246,604	$	80,666,634
			275,466,147
Consumer finance – 0.5%
Synchrony Financial	318,141		9,251,540
			342,765,741
Health care – 6.5%
Biotechnology – 2.2%
Alnylam Pharmaceuticals, Inc. (A)	69,086		13,839,308
Moderna, Inc. (A)	204,313		31,378,391
			45,217,699
Health care equipment and supplies – 0.8%
Hologic, Inc. (A)	202,424		16,335,617
Health care providers and services – 2.0%
Elevance Health, Inc.	89,558		41,179,664
Life sciences tools and services – 1.0%
Thermo Fisher Scientific, Inc.	34,536		19,905,514
Pharmaceuticals – 0.5%
Elanco Animal Health, Inc. (A)	1,080,504		10,156,738
			132,795,232
Industrials – 4.9%
Electrical equipment – 1.5%
Regal Rexnord Corp.	127,661		17,965,733
Sensata Technologies Holding PLC	247,985		12,404,210
			30,369,943
Machinery – 1.5%
Parker-Hannifin Corp.	89,398		30,047,562
Trading companies and distributors – 1.9%
United Rentals, Inc.	100,149		39,634,968
			100,052,473
Information technology – 26.8%
Electronic equipment, instruments and components – 1.0%
CDW Corp.	106,631		20,781,316
Semiconductors and semiconductor equipment – 7.2%
Analog Devices, Inc.	437,395		86,263,042
NVIDIA Corp.	221,566		61,544,388
			147,807,430
Software – 14.1%
Autodesk, Inc. (A)	157,066		32,694,859
Microsoft Corp.	78,238		22,556,015
Oracle Corp.	388,001		36,053,053
Roper Technologies, Inc.	76,969		33,919,469
Salesforce, Inc. (A)	428,171		85,540,002
Workday, Inc., Class A (A)	381,485		78,791,912
			289,555,310
Technology hardware, storage and peripherals – 4.5%
Apple, Inc.	560,064		92,354,554
			550,498,610
Materials – 1.3%
Chemicals – 1.3%
Axalta Coating Systems, Ltd. (A)	902,767		27,344,812
Real estate – 2.0%
Real estate management and development – 0.3%
Five Point Holdings LLC, Class A (A)	2,460,926		5,807,785
Specialized REITs – 1.7%
American Tower Corp.	107,660		21,999,244

 

77

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialized REITs (continued)
Crown Castle, Inc.	97,205	$	13,009,917
			35,009,161
			40,816,946
TOTAL COMMON STOCKS (Cost $1,417,021,931)		$	2,036,590,474
SHORT-TERM INVESTMENTS – 1.0%
Short-term funds – 1.0%
John Hancock Collateral Trust, 4.9438% (B)(C)	2,014,148		20,135,237
TOTAL SHORT-TERM INVESTMENTS (Cost $20,132,950)		$	20,135,237
Total Investments (Fundamental All Cap Core Trust) (Cost $1,437,154,881) – 100.2%		$	2,056,725,711
Other assets and liabilities, net – (0.2%)			(3,341,345)
TOTAL NET ASSETS – 100.0%		$	2,053,384,366

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 3-31-23.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Fundamental Large Cap Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.4%
Communication services – 9.3%
Interactive media and services – 4.8%
Alphabet, Inc., Class A (A)	192,675	$	19,986,178
Meta Platforms, Inc., Class A (A)	73,707		15,621,462
			35,607,640
Media – 4.5%
Charter Communications, Inc., Class A (A)	18,020		6,444,132
Comcast Corp., Class A	712,208		26,999,805
			33,443,937
			69,051,577
Consumer discretionary – 7.8%
Broadline retail – 1.7%
eBay, Inc.	285,688		12,675,977
Household durables – 4.0%
Lennar Corp., A Shares	283,406		29,788,805
Specialty retail – 2.1%
CarMax, Inc. (A)	110,897		7,128,459
Dufry AG (A)	178,831		7,975,574
			15,104,033
			57,568,815
Consumer staples – 8.7%
Beverages – 3.1%
Anheuser-Busch InBev SA/NV, ADR	215,540		14,382,984
Heineken Holding NV	95,873		8,796,166
			23,179,150
Consumer staples distribution and retail – 3.3%
Walmart, Inc.	164,542		24,261,718
Food products – 2.3%
Danone SA	184,413		11,474,842

Fundamental Large Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Post Holdings, Inc. (A)	57,531	$	5,170,311
			16,645,153
			64,086,021
Energy – 6.7%
Oil, gas and consumable fuels – 6.7%
Cheniere Energy, Inc.	138,956		21,899,466
Chevron Corp.	66,988		10,929,762
Kinder Morgan, Inc.	199,703		3,496,800
Suncor Energy, Inc.	435,914		13,535,130
			49,861,158
Financials – 17.3%
Banks – 6.4%
Bank of America Corp.	276,857		7,918,110
Citigroup, Inc.	289,849		13,591,020
JPMorgan Chase & Co.	105,905		13,800,481
Wells Fargo & Company	326,109		12,189,954
			47,499,565
Capital markets – 10.4%
KKR & Company, Inc.	486,089		25,529,394
Morgan Stanley	121,521		10,669,544
Nasdaq, Inc.	270,270		14,775,661
State Street Corp.	222,113		16,811,733
The Goldman Sachs Group, Inc.	27,447		8,978,188
			76,764,520
Consumer finance – 0.5%
American Express Company	20,890		3,445,806
			127,709,891
Health care – 13.4%
Biotechnology – 1.5%
Gilead Sciences, Inc.	89,153		7,397,024
Moderna, Inc. (A)	22,414		3,442,342
			10,839,366
Health care equipment and supplies – 0.9%
Hologic, Inc. (A)	81,458		6,573,661
Health care providers and services – 5.4%
Elevance Health, Inc.	75,438		34,687,147
UnitedHealth Group, Inc.	10,729		5,070,418
			39,757,565
Life sciences tools and services – 1.6%
Danaher Corp.	46,843		11,806,310
Pharmaceuticals – 4.0%
Elanco Animal Health, Inc. (A)	731,732		6,878,281
GSK PLC, ADR	210,522		7,490,373
Merck & Company, Inc.	66,780		7,104,724
Novartis AG, ADR	92,943		8,550,756
			30,024,134
			99,001,036
Industrials – 14.0%
Aerospace and defense – 3.9%
Airbus SE	67,136		8,967,185
L3Harris Technologies, Inc.	30,304		5,946,857
Raytheon Technologies Corp.	143,230		14,026,514
			28,940,556
Electrical equipment – 1.1%
Sensata Technologies Holding PLC	162,252		8,115,845
Machinery – 5.6%
Fortive Corp.	177,176		12,078,088

 

78

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Parker-Hannifin Corp.		86,203	$	28,973,690
				41,051,778
Trading companies and distributors – 3.4%
United Rentals, Inc.		64,249		25,427,184
				103,535,363
Information technology – 15.5%
Electronic equipment, instruments and components – 1.6%
Vontier Corp.		442,154		12,088,490
IT services – 1.0%
Cognizant Technology Solutions Corp., Class A		124,382		7,578,595
Semiconductors and semiconductor equipment – 2.8%
Analog Devices, Inc.		63,959		12,613,994
KLA Corp.		10,550		4,211,244
Taiwan Semiconductor Manufacturing Company, Ltd., ADR		43,885		4,082,183
				20,907,421
Software – 9.0%
Microsoft Corp.		81,010		23,355,183
Oracle Corp.		464,348		43,147,213
				66,502,396
Technology hardware, storage and peripherals – 1.1%
Samsung Electronics Company, Ltd.		157,290		7,778,141
				114,855,043
Materials – 2.1%
Chemicals – 2.1%
Axalta Coating Systems, Ltd. (A)		290,592		8,802,032
LyondellBasell Industries NV, Class A		73,401		6,891,620
				15,693,652
Real estate – 2.6%
Specialized REITs – 2.6%
American Tower Corp.		42,869		8,759,851
Crown Castle, Inc.		75,566		10,113,753
				18,873,604
TOTAL COMMON STOCKS (Cost $571,760,531)			$	720,236,160
ESCROW CERTIFICATES - 0.0%
Sino-Forest Corp. (A)(B)	$	3,244,100		0
TOTAL ESCROW CERTIFICATES (Cost $3)			$	0
SHORT-TERM INVESTMENTS – 2.6%
Short-term funds – 2.6%
John Hancock Collateral Trust, 4.9438% (C)(D)		1,928,361		19,277,635
TOTAL SHORT-TERM INVESTMENTS (Cost $19,281,038)			$	19,277,635
Total Investments (Fundamental Large Cap Value Trust) (Cost $591,041,572) – 100.0%			$	739,513,795
Other assets and liabilities, net – 0.0%				111,361
TOTAL NET ASSETS – 100.0%			$	739,625,156

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Global Equity Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.0%
France - 13.7%
Air Liquide SA	49,951	$	8,361,270
Capgemini SE	36,082		6,705,346
Carrefour SA	167,482		3,386,097
Cie Generale des Etablissements Michelin SCA	122,612		3,748,055
Sanofi	50,992		5,531,571
Thales SA	32,668		4,829,881
TotalEnergies SE	103,028		6,074,940
			38,637,160
Ireland - 4.7%
Accenture PLC, Class A	26,850		7,673,999
CRH PLC	110,716		5,592,705
			13,266,704
Japan - 9.1%
FANUC Corp.	143,355		5,176,863
Mitsubishi Estate Company, Ltd.	225,769		2,685,447
Sumitomo Mitsui Financial Group, Inc.	254,500		10,184,473
Sumitomo Mitsui Trust Holdings, Inc.	78,400		2,693,509
Tokyo Electric Power Company Holdings, Inc. (A)	1,435,000		5,126,131
			25,866,423
Netherlands - 6.1%
Heineken NV	43,511		4,675,313
ING Groep NV	413,968		4,916,034
Koninklijke Ahold Delhaize NV	126,501		4,321,941
Stellantis NV	179,057		3,256,395
			17,169,683
Spain - 1.7%
Amadeus IT Group SA (A)	72,187		4,842,581
Switzerland - 3.2%
Chubb, Ltd.	25,648		4,980,329
Roche Holding AG	14,181		4,052,116
			9,032,445
United Kingdom - 3.6%
Amcor PLC	141,316		1,608,176
Amcor PLC, CHESS Depositary Interest	354,257		3,990,974
Reckitt Benckiser Group PLC	62,041		4,719,900
			10,319,050
United States - 53.9%
Alphabet, Inc., Class A (A)	97,594		10,123,426
Apple, Inc.	52,047		8,582,550
Arthur J. Gallagher & Company	25,595		4,896,579
AutoZone, Inc. (A)	2,768		6,804,159
Bank of America Corp.	141,180		4,037,748
Cisco Systems, Inc.	133,247		6,965,487
ConocoPhillips	58,651		5,818,766
Electronic Arts, Inc.	44,972		5,416,877
Elevance Health, Inc.	7,470		3,434,781
FMC Corp.	46,987		5,738,522
Intercontinental Exchange, Inc.	42,719		4,455,165
Johnson & Johnson	44,797		6,943,535
Lowe's Companies, Inc.	21,754		4,350,147
Microsoft Corp.	57,000		16,433,101
Oracle Corp.	96,944		9,008,036
Otis Worldwide Corp.	66,140		5,582,216
Philip Morris International, Inc.	62,420		6,070,345
T-Mobile US, Inc. (A)	38,220		5,535,785
UnitedHealth Group, Inc.	11,795		5,574,199
Vertex Pharmaceuticals, Inc. (A)	16,078		5,065,695
Visa, Inc., Class A	25,207		5,683,170
Walmart, Inc.	29,303		4,320,727
Waste Management, Inc.	34,669		5,656,941

 

79

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Global Equity Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
Wells Fargo & Company		155,463	$	5,811,207
				152,309,164
TOTAL COMMON STOCKS (Cost $255,865,414)			$	271,443,210
PREFERRED SECURITIES - 2.3%
South Korea - 2.3%
Samsung Electronics Company, Ltd.		158,212		6,583,930
TOTAL PREFERRED SECURITIES (Cost $8,225,898)			$	6,583,930
ESCROW CERTIFICATES - 0.0%
Texas Competitive Electric Holdings Company LLC (A)(B)	$	7,466,240		0
Tribune Media Company (A)(B)		43,120		0
TOTAL ESCROW CERTIFICATES (Cost $0)			$	0
SHORT-TERM INVESTMENTS - 1.2%
Short-term funds - 1.2%
Federated Government Obligations Fund, Institutional Class, 4.5786% (C)		3,267,973		3,267,973
TOTAL SHORT-TERM INVESTMENTS (Cost $3,267,973)			$	3,267,973
Total Investments (Global Equity Trust) (Cost $267,359,285) - 99.5%			$	281,295,113
Other assets and liabilities, net - 0.5%				1,439,014
TOTAL NET ASSETS - 100.0%			$	282,734,127

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.

Health Sciences Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.9%
Consumer discretionary – 0.1%
Specialty retail – 0.1%
Warby Parker, Inc., Class A (A)	27,165	$	287,677
Health care – 98.8%
Biotechnology – 28.9%
2seventy bio, Inc. (A)	8,100		82,620
Aadi Bioscience, Inc. (A)	5,700		41,268
AbbVie, Inc.	28,406		4,527,064
ACADIA Pharmaceuticals, Inc. (A)	28,578		537,838
ADC Therapeutics SA (A)	23,188		45,217
Agios Pharmaceuticals, Inc. (A)	9,085		208,682
Akero Therapeutics, Inc. (A)	12,068		461,722
Alector, Inc. (A)	11,904		73,686
Allakos, Inc. (A)	19,563		87,055
Allogene Therapeutics, Inc. (A)	37,654		186,011
Alnylam Pharmaceuticals, Inc. (A)	24,462		4,900,228
Ambrx Biopharma, Inc. (A)	2,700		24,084
Apellis Pharmaceuticals, Inc. (A)	27,708		1,827,620
Arcus Biosciences, Inc. (A)	8,005		146,011
Ardelyx, Inc. (A)	35,200		168,608
Argenx SE, ADR (A)	11,150		4,154,267
Ascendis Pharma A/S, ADR (A)	15,465		1,658,157
Aura Biosciences, Inc. (A)	10,426		96,753
Avidity Biosciences, Inc. (A)	34,922		536,053
BeiGene, Ltd., ADR (A)	6,134		1,322,061
Bicycle Therapeutics PLC, ADR (A)	7,229		153,761

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Biogen, Inc. (A)	6,877	$	1,912,012
Biohaven, Ltd. (A)	19,422		265,305
BioMarin Pharmaceutical, Inc. (A)	15,802		1,536,586
Blueprint Medicines Corp. (A)	24,443		1,099,691
C4 Therapeutics, Inc. (A)	19,141		60,103
Celldex Therapeutics, Inc. (A)	12,361		444,749
Centessa Pharmaceuticals PLC, ADR (A)	18,009		69,335
Cerevel Therapeutics Holdings, Inc. (A)	30,338		739,944
CRISPR Therapeutics AG (A)	5,251		237,503
CureVac NV (A)	38,697		269,718
Cytokinetics, Inc. (A)	9,236		325,015
Day One Biopharmaceuticals, Inc. (A)	12,941		173,021
Deciphera Pharmaceuticals, Inc. (A)	9,900		152,955
Denali Therapeutics, Inc. (A)	21,163		487,596
Dyne Therapeutics, Inc. (A)	4,000		46,080
Enanta Pharmaceuticals, Inc. (A)	3,200		129,408
Entrada Therapeutics, Inc. (A)	11,625		168,563
Exact Sciences Corp. (A)	20,307		1,377,018
Exelixis, Inc. (A)	41,125		798,236
Fate Therapeutics, Inc. (A)	21,179		120,720
FibroGen, Inc. (A)	8,700		162,342
Generation Bio Company (A)	37,692		162,076
Genmab A/S (A)	3,953		1,494,255
Gossamer Bio, Inc. (A)	7,366		9,281
IGM Biosciences, Inc. (A)	8,499		116,776
Immatics NV (A)	12,569		86,726
Immuneering Corp., Class A (A)	29,676		288,154
Immunocore Holdings PLC, ADR (A)	19,425		960,372
Immunovant, Inc. (A)	5,800		89,958
Incyte Corp. (A)	15,173		1,096,553
Insmed, Inc. (A)	46,329		789,909
Intellia Therapeutics, Inc. (A)	7,787		290,221
Ionis Pharmaceuticals, Inc. (A)	19,933		712,405
Iovance Biotherapeutics, Inc. (A)	34,648		211,699
IVERIC bio, Inc. (A)	47,467		1,154,872
Karuna Therapeutics, Inc. (A)	10,733		1,949,542
Keros Therapeutics, Inc. (A)	5,200		222,040
Kymera Therapeutics, Inc. (A)	17,197		509,547
Legend Biotech Corp., ADR (A)	14,689		708,304
LianBio, ADR (A)	38,982		76,015
Lyell Immunopharma, Inc. (A)	41,100		96,996
MeiraGTx Holdings PLC (A)	10,086		52,145
Mirati Therapeutics, Inc. (A)	13,166		489,512
Moderna, Inc. (A)	10,217		1,569,127
Monte Rosa Therapeutics, Inc. (A)	27,152		211,514
MoonLake Immunotherapeutics (A)	11,486		245,686
Morphic Holding, Inc. (A)	6,189		232,954
Neurocrine Biosciences, Inc. (A)	6,883		696,697
Nuvalent, Inc., Class A (A)	5,848		152,574
Prelude Therapeutics, Inc. (A)	7,294		41,576
Prime Medicine, Inc. (A)	12,784		157,243
Progenics Pharmaceuticals, Inc. (A)(B)	21,900		25,205
Prometheus Biosciences, Inc. (A)	7,699		826,257
Protagonist Therapeutics, Inc. (A)	5,600		128,800
Prothena Corp. PLC (A)	11,810		572,431
PTC Therapeutics, Inc. (A)	7,783		377,009
RAPT Therapeutics, Inc. (A)	15,712		288,315
Regeneron Pharmaceuticals, Inc. (A)	12,625		10,373,584
Relay Therapeutics, Inc. (A)	38,147		628,281
Replimune Group, Inc. (A)	26,425		466,666
REVOLUTION Medicines, Inc. (A)	28,781		623,396
Rocket Pharmaceuticals, Inc. (A)	9,847		168,679
Sage Therapeutics, Inc. (A)	12,342		517,870
Sana Biotechnology, Inc. (A)	30,507		99,758
Sarepta Therapeutics, Inc. (A)	11,619		1,601,447

 

80

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Scholar Rock Holding Corp. (A)	37,540	$	300,320
Seagen, Inc. (A)	16,258		3,291,757
Senti Biosciences, Inc. (A)	18,789		22,171
SpringWorks Therapeutics, Inc. (A)	3,481		89,601
Stoke Therapeutics, Inc. (A)	8,627		71,863
Tenaya Therapeutics, Inc. (A)	24,566		70,013
Twist Bioscience Corp. (A)	8,130		122,600
Ultragenyx Pharmaceutical, Inc. (A)	22,615		906,862
Vertex Pharmaceuticals, Inc. (A)	21,827		6,877,033
Voyager Therapeutics, Inc. (A)	10,500		80,955
Xencor, Inc. (A)	16,855		470,086
Zai Lab, Ltd., ADR (A)	17,127		569,644
Zentalis Pharmaceuticals, Inc. (A)	15,240		262,128
			76,522,126
Health care equipment and supplies – 16.9%
Baxter International, Inc.	11,600		470,496
Becton, Dickinson and Company	20,337		5,034,221
Boston Scientific Corp. (A)	18,471		924,104
Dentsply Sirona, Inc.	6,800		267,104
DexCom, Inc. (A)	20,556		2,388,196
GE HealthCare Technologies, Inc. (A)	10,735		880,592
Hologic, Inc. (A)	31,791		2,565,534
Inari Medical, Inc. (A)	10,846		669,632
Insulet Corp. (A)	7,679		2,449,294
Intuitive Surgical, Inc. (A)	30,461		7,781,872
iRhythm Technologies, Inc. (A)	3,404		422,198
Lantheus Holdings, Inc. (A)	5,386		444,668
Masimo Corp. (A)	1,472		271,643
Nevro Corp. (A)	4,519		163,362
Novocure, Ltd. (A)	24,929		1,499,230
Orchestra Biomed Holdings, Inc. (A)	13,354		261,338
Penumbra, Inc. (A)	12,552		3,498,117
PROCEPT BioRobotics Corp. (A)	13,145		373,318
QuidelOrtho Corp. (A)	6,701		596,992
Shockwave Medical, Inc. (A)	10,415		2,258,284
STERIS PLC	3,891		744,270
Stryker Corp.	25,723		7,343,145
Teleflex, Inc.	5,490		1,390,672
The Cooper Companies, Inc.	2,239		835,953
Zimmer Biomet Holdings, Inc.	10,862		1,403,370
			44,937,605
Health care providers and services – 18.4%
agilon health, Inc. (A)	29,956		711,455
Alignment Healthcare, Inc. (A)	25,979		165,226
AmerisourceBergen Corp.	3,923		628,112
Centene Corp. (A)	37,596		2,376,443
Elevance Health, Inc.	18,232		8,383,256
GeneDx Holdings Corp. (A)	30,292		11,057
Guardant Health, Inc. (A)	20,231		474,215
HCA Healthcare, Inc.	11,185		2,949,261
Humana, Inc.	10,525		5,109,467
McKesson Corp.	2,082		741,296
Molina Healthcare, Inc. (A)	13,060		3,493,419
Option Care Health, Inc. (A)	13,198		419,300
Surgery Partners, Inc. (A)	12,704		437,907
The Cigna Group	11,681		2,984,846
UnitedHealth Group, Inc.	41,959		19,829,398
			48,714,658
Health care technology – 1.2%
Certara, Inc. (A)	12,799		308,584
Doximity, Inc., Class A (A)	23,993		776,893
Schrodinger, Inc. (A)	6,200		163,246
Sophia Genetics SA (A)	26,245		130,438

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Veeva Systems, Inc., Class A (A)	9,746	$	1,791,217
			3,170,378
Life sciences tools and services – 16.3%
10X Genomics, Inc., Class A (A)	23,415		1,306,323
Adaptive Biotechnologies Corp. (A)	25,114		221,757
Agilent Technologies, Inc.	37,144		5,138,501
Avantor, Inc. (A)	69,769		1,474,917
Bruker Corp.	29,500		2,325,780
Charles River Laboratories International, Inc. (A)	7,094		1,431,711
Danaher Corp.	31,757		8,004,034
Evotec SE (A)	12,592		265,969
Illumina, Inc. (A)	5,631		1,309,489
IQVIA Holdings, Inc. (A)	3,562		708,446
Mettler-Toledo International, Inc. (A)	914		1,398,612
Olink Holding AB, ADR (A)	39,426		888,268
Pacific Biosciences of California, Inc. (A)	54,894		635,673
Rapid Micro Biosystems, Inc., Class A (A)	15,317		20,065
Repligen Corp. (A)	4,282		720,918
Seer, Inc. (A)	19,716		76,104
Thermo Fisher Scientific, Inc.	25,516		14,706,657
West Pharmaceutical Services, Inc.	6,488		2,247,897
WuXi Biologics Cayman, Inc. (A)(C)	57,500		354,313
			43,235,434
Pharmaceuticals – 17.1%
Arvinas, Inc. (A)	11,123		303,880
AstraZeneca PLC, ADR	135,716		9,420,048
Catalent, Inc. (A)	15,627		1,026,850
Daiichi Sankyo Company, Ltd.	62,300		2,272,557
DICE Therapeutics, Inc. (A)	13,895		398,092
Eisai Company, Ltd.	7,300		414,637
Eli Lilly & Company	28,696		9,854,780
Longboard Pharmaceuticals, Inc. (A)	6,452		25,356
Merck & Company, Inc.	88,326		9,397,003
Novo Nordisk A/S, ADR	7,237		1,151,696
Nuvation Bio, Inc. (A)	10,300		17,098
Pfizer, Inc.	127,843		5,215,994
Pliant Therapeutics, Inc. (A)	11,373		302,522
Reata Pharmaceuticals, Inc., Class A (A)	2,025		184,113
Relmada Therapeutics, Inc. (A)	2,400		5,424
Roche Holding AG	6,560		1,874,471
Royalty Pharma PLC, Class A	30,588		1,102,086
Structure Therapeutics, Inc., ADR (A)	6,882		163,723
Theseus Pharmaceuticals, Inc. (A)	20,251		179,829
Ventyx Biosciences, Inc. (A)	14,580		488,430
Viatris, Inc.	28,380		273,016
Zoetis, Inc.	7,306		1,216,011
			45,287,616
			261,867,817
Materials – 0.0%
Chemicals – 0.0%
Ginkgo Bioworks Holdings, Inc. (A)	78,858		104,881
TOTAL COMMON STOCKS (Cost $212,544,422)		$	262,260,375
PREFERRED SECURITIES – 0.7%
Health care – 0.7%
Life sciences tools and services – 0.7%
Sartorius AG	4,251		1,791,610
TOTAL PREFERRED SECURITIES (Cost $852,569)		$	1,791,610

 

81

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
WARRANTS – 0.0%
EQRx, Inc. (Expiration Date: 12-20-26; Strike Price: $11.50) (A)	4,502	$	818
GeneDx Holdings Corp. (Expiration Date: 7-22-26; Strike Price: $11.50) (A)	4,862		90
SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (A)	2,050		513
TOTAL WARRANTS (Cost $29,139)		$	1,421
SHORT-TERM INVESTMENTS – 0.3%
Short-term funds – 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (D)	630,191		630,191
T. Rowe Price Government Reserve Fund, 4.8116% (D)	154,112		154,112
TOTAL SHORT-TERM INVESTMENTS (Cost $784,303)		$	784,303
Total Investments (Health Sciences Trust) (Cost $214,210,433) – 99.9%		$	264,837,709
Other assets and liabilities, net – 0.1%			324,590
TOTAL NET ASSETS – 100.0%		$	265,162,299

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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 3-31-23.

High Yield Trust

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS – 0.4%
Argentina – 0.4%
Provincia de Buenos Aires 5.250%, (5.250% to 9-1-23, then 6.375% to 9-1-24, then 6.625% thereafter), 09/01/2037 (A)	$	756,976	$	265,369
Republic of Argentina
0.500%, (0.500% to 7-9-23, then 0.750% to 7-9-27, then 1.750% thereafter), 07/09/2030		598,627		173,410
1.000%, 07/09/2029		59,073		16,528
1.500%, (1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter), 07/09/2035		526,571		136,872
				592,179
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $1,091,366)			$	592,179
CORPORATE BONDS – 81.4%
Communication services – 10.3%
Accelerate360 Holdings LLC 8.000%, 03/01/2028 (A)		719,050		763,991
Allen Media LLC 10.500%, 02/15/2028 (A)		1,470,000		804,825

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Altice Financing SA 5.750%, 08/15/2029 (A)	$	780,000	$	620,100
Altice France Holding SA 10.500%, 05/15/2027 (A)		640,000		489,600
Altice France SA 5.125%, 07/15/2029 (A)		590,000		443,975
AMC Entertainment Holdings, Inc.
7.500%, 02/15/2029 (A)		730,000		504,383
10.000%, 06/15/2026 (A)		330,000		209,237
CCO Holdings LLC
4.250%, 02/01/2031 to 01/15/2034 (A)		220,000		176,687
4.500%, 08/15/2030 (A)		620,000		523,900
4.500%, 05/01/2032		1,530,000		1,251,265
4.750%, 02/01/2032 (A)		540,000		453,520
Charter Communications Operating LLC 6.484%, 10/23/2045		230,000		217,901
Clear Channel Outdoor Holdings, Inc. 7.500%, 06/01/2029 (A)(B)		760,000		540,132
CSC Holdings LLC
4.125%, 12/01/2030 (A)		240,000		172,366
5.000%, 11/15/2031 (A)		330,000		167,107
5.750%, 01/15/2030 (A)		600,000		315,915
6.500%, 02/01/2029 (A)		800,000		664,410
Directv Financing LLC 5.875%, 08/15/2027 (A)		710,000		643,047
DISH DBS Corp.
5.125%, 06/01/2029		1,000,000		532,500
5.750%, 12/01/2028 (A)		900,000		671,625
5.875%, 11/15/2024		500,000		445,830
7.750%, 07/01/2026		870,000		574,200
Gannett Holdings LLC 6.000%, 11/01/2026 (A)		620,000		520,800
iHeartCommunications, Inc.
4.750%, 01/15/2028 (A)		190,000		150,100
5.250%, 08/15/2027 (A)		410,000		335,175
Match Group Holdings II LLC
3.625%, 10/01/2031 (A)(B)		280,000		227,857
4.625%, 06/01/2028 (A)		350,000		325,052
Playtika Holding Corp. 4.250%, 03/15/2029 (A)		490,000		407,925
Sabre GLBL, Inc. 11.250%, 12/15/2027 (A)		610,000		568,422
Sprint LLC
7.625%, 02/15/2025		510,000		528,853
7.875%, 09/15/2023		320,000		322,366
Telecom Italia Capital SA 6.000%, 09/30/2034		500,000		428,750
Time Warner Cable LLC 7.300%, 07/01/2038		220,000		228,281
UPC Holding BV 5.500%, 01/15/2028 (A)		430,000		385,104
Urban One, Inc. 7.375%, 02/01/2028 (A)		340,000		308,890
Viavi Solutions, Inc. 3.750%, 10/01/2029 (A)		270,000		230,895
Virgin Media Secured Finance PLC 5.500%, 05/15/2029 (A)		330,000		307,310
Virgin Media Vendor Financing Notes IV DAC 5.000%, 07/15/2028 (A)		470,000		417,713
Vmed O2 UK Financing I PLC 4.750%, 07/15/2031 (A)		700,000		600,054
ZipRecruiter, Inc. 5.000%, 01/15/2030 (A)		330,000		282,150
				17,762,213

 

82

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 18.1%
Academy, Ltd. 6.000%, 11/15/2027 (A)	$	250,000	$	243,853
Adtalem Global Education, Inc. 5.500%, 03/01/2028 (A)		511,000		484,811
American Axle & Manufacturing, Inc. 5.000%, 10/01/2029		1,080,000		912,066
American News Company LLC 8.500%, (8.500% Cash or 10.000% PIK), 09/01/2026 (A)		609,259		691,509
Bath & Body Works, Inc.
5.250%, 02/01/2028		920,000		878,600
7.500%, 06/15/2029 (B)		160,000		163,287
9.375%, 07/01/2025 (A)(B)		340,000		363,243
Boyne USA, Inc. 4.750%, 05/15/2029 (A)		500,000		446,387
Caesars Entertainment, Inc.
4.625%, 10/15/2029 (A)(B)		300,000		262,350
7.000%, 02/15/2030 (A)		600,000		610,500
8.125%, 07/01/2027 (A)		350,000		357,000
Carnival Corp.
7.625%, 03/01/2026 (A)		490,000		447,125
10.500%, 06/01/2030 (A)		470,000		451,200
Carnival Holdings Bermuda, Ltd. 10.375%, 05/01/2028 (A)		510,000		548,638
Carriage Purchaser, Inc. 7.875%, 10/15/2029 (A)		720,000		532,819
Carriage Services, Inc. 4.250%, 05/15/2029 (A)		640,000		527,133
Carrols Restaurant Group, Inc. 5.875%, 07/01/2029 (A)(B)		350,000		281,750
Dornoch Debt Merger Sub, Inc. 6.625%, 10/15/2029 (A)		410,000		276,599
Empire Communities Corp. 7.000%, 12/15/2025 (A)		650,000		571,025
Fertitta Entertainment LLC 4.625%, 01/15/2029 (A)		640,000		561,728
Fontainebleau Las Vegas Holdings LLC 10.250%, 06/15/2015 (A)(C)		3,600,425		360
Foot Locker, Inc. 4.000%, 10/01/2029 (A)		640,000		533,920
Ford Motor Company
3.250%, 02/12/2032		400,000		314,383
6.100%, 08/19/2032		1,170,000		1,133,796
Ford Motor Credit Company LLC
4.000%, 11/13/2030		810,000		688,279
4.950%, 05/28/2027		330,000		314,759
5.113%, 05/03/2029		900,000		844,920
7.350%, 03/06/2030		940,000		965,850
Full House Resorts, Inc. 8.250%, 02/15/2028 (A)		1,160,000		1,055,600
Installed Building Products, Inc. 5.750%, 02/01/2028 (A)		230,000		211,798
Melco Resorts Finance, Ltd. 5.375%, 12/04/2029 (A)		340,000		277,100
Mohegan Tribal Gaming Authority 13.250%, 12/15/2027 (A)		570,000		613,132
NCL Corp., Ltd.
5.875%, 02/15/2027 (A)		2,260,000		2,107,450
7.750%, 02/15/2029 (A)(B)		610,000		523,035
8.375%, 02/01/2028 (A)		800,000		802,742
NMG Holding Company, Inc. 7.125%, 04/01/2026 (A)		300,000		281,661
PetSmart, Inc. 7.750%, 02/15/2029 (A)		250,000		245,403

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Royal Caribbean Cruises, Ltd.
5.500%, 08/31/2026 (A)	$	640,000	$	598,752
7.250%, 01/15/2030 (A)		840,000		845,250
11.625%, 08/15/2027 (A)		570,000		612,206
Sands China, Ltd. 5.900%, 08/08/2028		200,000		189,870
Sizzling Platter LLC 8.500%, 11/28/2025 (A)		430,000		385,670
Speedway Motorsports LLC 4.875%, 11/01/2027 (A)		320,000		293,489
StoneMor, Inc. 8.500%, 05/15/2029 (A)		440,000		338,250
Sugarhouse HSP Gaming Prop Mezz LP 5.875%, 05/15/2025 (A)		270,000		257,850
The Michaels Companies, Inc.
5.250%, 05/01/2028 (A)		360,000		300,040
7.875%, 05/01/2029 (A)		1,070,000		749,000
TopBuild Corp. 3.625%, 03/15/2029 (A)		490,000		419,097
Upbound Group, Inc. 6.375%, 02/15/2029 (A)(B)		790,000		663,325
Viking Cruises, Ltd.
5.875%, 09/15/2027 (A)		170,000		146,384
7.000%, 02/15/2029 (A)(B)		490,000		420,347
13.000%, 05/15/2025 (A)		910,000		961,188
VOC Escrow, Ltd. 5.000%, 02/15/2028 (A)		1,345,000		1,193,688
WW International, Inc. 4.500%, 04/15/2029 (A)		800,000		430,000
Wynn Macau, Ltd.
4.875%, 10/01/2024 (A)(B)		310,000		300,700
5.125%, 12/15/2029 (A)		260,000		212,940
5.625%, 08/26/2028 (A)		920,000		782,478
Wynn Resorts Finance LLC 7.125%, 02/15/2031 (A)(B)		600,000		608,622
				31,234,957
Consumer staples – 0.7%
Darling Ingredients, Inc. 6.000%, 06/15/2030 (A)		290,000		289,014
Simmons Foods, Inc. 4.625%, 03/01/2029 (A)		590,000		479,452
Triton Water Holdings, Inc. 6.250%, 04/01/2029 (A)		610,000		484,377
				1,252,843
Energy – 12.6%
Antero Resources Corp. 5.375%, 03/01/2030 (A)		430,000		400,008
Apache Corp. 7.750%, 12/15/2029		310,000		325,582
Berry Petroleum Company LLC 7.000%, 02/15/2026 (A)		1,290,000		1,210,265
Blue Racer Midstream LLC
6.625%, 07/15/2026 (A)		670,000		649,900
7.625%, 12/15/2025 (A)		350,000		346,500
Chesapeake Energy Corp. 5.500%, 02/01/2026 (A)		80,000		78,726
Chord Energy Corp. 6.375%, 06/01/2026 (A)		990,000		980,565
CNX Midstream Partners LP 4.750%, 04/15/2030 (A)		740,000		636,400
Crescent Energy Finance LLC 9.250%, 02/15/2028 (A)		590,000		565,663
DCP Midstream Operating LP
6.450%, 11/03/2036 (A)		280,000		290,399
6.750%, 09/15/2037 (A)		200,000		216,946

 

83

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Earthstone Energy Holdings LLC 8.000%, 04/15/2027 (A)	$	260,000	$	252,285
Endeavor Energy Resources LP 5.750%, 01/30/2028 (A)		410,000		406,925
Energy Transfer LP 6.500%, (6.500% to 11-15-26, then 5 Year CMT + 5.694%), 11/15/2026 (D)		180,000		158,400
EQM Midstream Partners LP
5.500%, 07/15/2028		560,000		508,654
6.500%, 07/01/2027 (A)		220,000		213,242
6.500%, 07/15/2048		1,460,000		1,128,186
7.500%, 06/01/2030 (A)		360,000		348,750
Genesis Energy LP 8.875%, 04/15/2030		530,000		536,625
Hilcorp Energy I LP 6.250%, 04/15/2032 (A)		530,000		490,250
Howard Midstream Energy Partners LLC 6.750%, 01/15/2027 (A)		610,000		575,206
MEG Energy Corp. 7.125%, 02/01/2027 (A)		830,000		846,678
Nabors Industries, Ltd. 7.250%, 01/15/2026 (A)		620,000		591,325
Neptune Energy Bondco PLC 6.625%, 05/15/2025 (A)		250,000		242,315
Northern Oil and Gas, Inc. 8.125%, 03/01/2028 (A)		850,000		843,158
Occidental Petroleum Corp.
4.100%, 02/15/2047		120,000		91,190
4.400%, 04/15/2046		180,000		142,650
6.125%, 01/01/2031		330,000		342,375
6.450%, 09/15/2036		300,000		315,429
6.600%, 03/15/2046		390,000		410,040
8.875%, 07/15/2030		490,000		569,939
Permian Resources Operating LLC 5.875%, 07/01/2029 (A)		1,320,000		1,249,895
Range Resources Corp.
4.750%, 02/15/2030 (A)		120,000		109,384
8.250%, 01/15/2029		490,000		516,418
ROCC Holdings LLC 9.250%, 08/15/2026 (A)		490,000		516,278
Southwestern Energy Company 4.750%, 02/01/2032		790,000		697,562
Summit Midstream Holdings LLC 8.500%, 10/15/2026 (A)		380,000		364,800
Tallgrass Energy Partners LP 6.000%, 12/31/2030 (A)		590,000		527,301
Transocean, Inc. 8.750%, 02/15/2030 (A)		390,000		397,800
Venture Global Calcasieu Pass LLC
3.875%, 11/01/2033 (A)		820,000		688,800
6.250%, 01/15/2030 (A)		570,000		574,275
Western Midstream Operating LP
3.350%, 02/01/2025		530,000		506,124
5.450%, 04/01/2044		620,000		540,652
5.500%, 02/01/2050		350,000		296,975
				21,700,840
Financials – 8.1%
Acuris Finance U.S., Inc. 5.000%, 05/01/2028 (A)		200,000		157,000
Apollo Commercial Real Estate Finance, Inc. 4.625%, 06/15/2029 (A)		790,000		555,643
Barclays PLC 8.000%, (8.000% to 6-15-24, then 5 Year CMT + 5.672%), 06/15/2024 (D)		380,000		342,000

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
BNP Paribas SA 7.375%, (7.375% to 8-19-25, then 5 Year U.S. Swap Rate + 5.150%), 08/19/2025 (A)(D)	$	390,000	$	370,145
Bread Financial Holdings, Inc. 4.750%, 12/15/2024 (A)		510,000		456,000
Burford Capital Global Finance LLC
6.250%, 04/15/2028 (A)		630,000		542,938
6.875%, 04/15/2030 (A)		500,000		430,340
Citigroup, Inc.
5.950%, (5.950% to 5-15-25, then 3 month CME Term SOFR + 4.167%), 05/15/2025 (D)		180,000		167,750
6.300%, (6.300% to 5-15-24, then 3 month CME Term SOFR + 3.685%), 05/15/2024 (D)		410,000		389,500
Coinbase Global, Inc. 3.625%, 10/01/2031 (A)		540,000		302,400
Compass Group Diversified Holdings LLC 5.250%, 04/15/2029 (A)		420,000		369,774
Credit Agricole SA 8.125%, (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%), 12/23/2025 (A)(D)		340,000		327,579
Credit Suisse Group AG 6.537%, (6.537% to 8-12-32, then SOFR + 3.920%), 08/12/2033 (A)		480,000		493,200
FirstCash, Inc.
4.625%, 09/01/2028 (A)		530,000		470,074
5.625%, 01/01/2030 (A)		440,000		405,900
Global Aircraft Leasing Company, Ltd. 6.500%, (6.500% Cash or 7.250% PIK), 09/15/2024 (A)		2,025,678		1,827,850
Highlands Holdings Bond Issuer, Ltd. 7.625%, (7.625% Cash or 8.375% PIK), 10/15/2025 (A)		945,962		873,467
Intesa Sanpaolo SpA 4.198%, (4.198% to 6-1-31, then 1 Year CMT + 2.600%), 06/01/2032 (A)		460,000		334,613
Jane Street Group 4.500%, 11/15/2029 (A)		320,000		286,400
Ladder Capital Finance Holdings LLLP
4.250%, 02/01/2027 (A)		460,000		363,400
4.750%, 06/15/2029 (A)		300,000		216,849
Midcap Financial Issuer Trust
5.625%, 01/15/2030 (A)		380,000		300,204
6.500%, 05/01/2028 (A)		430,000		365,792
NMI Holdings, Inc. 7.375%, 06/01/2025 (A)		650,000		650,850
Rocket Mortgage LLC
3.875%, 03/01/2031 (A)		630,000		522,358
4.000%, 10/15/2033 (A)		680,000		539,818
Ryan Specialty Group LLC 4.375%, 02/01/2030 (A)		520,000		454,676
StoneX Group, Inc. 8.625%, 06/15/2025 (A)		270,000		271,361
UBS Group AG 7.000%, (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%), 01/31/2024 (A)(D)		550,000		521,791
UniCredit SpA 5.459%, (5.459% to 6-30-30, then 5 Year CMT + 4.750%), 06/30/2035 (A)		720,000		593,110
				13,902,782

 

84

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care – 5.0%
AdaptHealth LLC
4.625%, 08/01/2029 (A)	$	460,000	$	383,002
5.125%, 03/01/2030 (A)(B)		760,000		644,727
Akumin, Inc. 7.000%, 11/01/2025 (A)		720,000		567,000
AthenaHealth Group, Inc. 6.500%, 02/15/2030 (A)		740,000		600,036
Bausch Health Companies, Inc.
5.250%, 01/30/2030 (A)		600,000		223,908
6.125%, 02/01/2027 (A)		360,000		232,992
6.250%, 02/15/2029 (A)		1,220,000		487,000
Cano Health LLC 6.250%, 10/01/2028 (A)		420,000		229,950
Community Health Systems, Inc.
5.250%, 05/15/2030 (A)		1,073,000		841,715
6.125%, 04/01/2030 (A)		170,000		102,425
Legacy LifePoint Health LLC 6.750%, 04/15/2025 (A)		380,000		360,605
Medline Borrower LP
3.875%, 04/01/2029 (A)		240,000		208,200
5.250%, 10/01/2029 (A)		520,000		451,159
Par Pharmaceutical, Inc. 7.500%, 04/01/2027 (A)(C)		1,170,000		870,426
Radiology Partners, Inc. 9.250%, 02/01/2028 (A)		50,000		27,625
Teva Pharmaceutical Finance Company LLC 6.150%, 02/01/2036		540,000		490,336
Teva Pharmaceutical Finance Netherlands III BV
5.125%, 05/09/2029 (B)		1,100,000		996,283
7.875%, 09/15/2029 (B)		200,000		209,250
8.125%, 09/15/2031 (B)		460,000		482,862
U.S. Renal Care, Inc. 10.625%, 07/15/2027 (A)		960,000		251,210
				8,660,711
Industrials – 14.5%
Advanced Drainage Systems, Inc. 6.375%, 06/15/2030 (A)		350,000		342,943
Allied Universal Holdco LLC
4.625%, 06/01/2028 (A)		720,000		604,334
6.625%, 07/15/2026 (A)		700,000		672,704
Alta Equipment Group, Inc. 5.625%, 04/15/2026 (A)		650,000		606,999
American Airlines, Inc.
5.750%, 04/20/2029 (A)		1,590,000		1,525,185
7.250%, 02/15/2028 (A)		440,000		427,900
11.750%, 07/15/2025 (A)		150,000		164,106
Anagram International, Inc. 10.000%, (0.000% Cash and 10.000% PIK), 08/15/2026 (A)		91,761		74,326
ATS Corp. 4.125%, 12/15/2028 (A)		300,000		266,073
Bombardier, Inc.
7.500%, 02/01/2029 (A)		570,000		582,289
7.875%, 04/15/2027 (A)		820,000		830,110
Brundage-Bone Concrete Pumping Holdings, Inc. 6.000%, 02/01/2026 (A)		650,000		609,343
Clean Harbors, Inc. 6.375%, 02/01/2031 (A)(B)		310,000		316,279
CoreCivic, Inc. 8.250%, 04/15/2026 (B)		1,070,000		1,078,539
Covanta Holding Corp. 4.875%, 12/01/2029 (A)		510,000		453,767

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Doman Building Materials Group, Ltd. 5.250%, 05/15/2026 (A)	CAD	280,000	$	182,316
GEO Group, Inc. 10.500%, 06/30/2028	$	607,000		613,281
H&E Equipment Services, Inc. 3.875%, 12/15/2028 (A)		920,000		806,228
Hawaiian Brand Intellectual Property, Ltd. 5.750%, 01/20/2026 (A)		510,000		484,171
Legends Hospitality Holding Company LLC 5.000%, 02/01/2026 (A)		850,000		760,631
Madison IAQ LLC
4.125%, 06/30/2028 (A)		90,000		77,850
5.875%, 06/30/2029 (A)		550,000		424,875
Mileage Plus Holdings LLC 6.500%, 06/20/2027 (A)		425,024		423,656
MIWD Holdco II LLC 5.500%, 02/01/2030 (A)		1,090,000		921,050
Park-Ohio Industries, Inc. 6.625%, 04/15/2027		270,000		209,002
PGT Innovations, Inc. 4.375%, 10/01/2029 (A)		360,000		325,314
PM General Purchaser LLC 9.500%, 10/01/2028 (A)		680,000		622,660
Prime Security Services Borrower LLC 6.250%, 01/15/2028 (A)		920,000		860,200
Resideo Funding, Inc. 4.000%, 09/01/2029 (A)		630,000		523,789
Roller Bearing Company of America, Inc. 4.375%, 10/15/2029 (A)		730,000		651,824
Smyrna Ready Mix Concrete LLC 6.000%, 11/01/2028 (A)		770,000		722,838
Spirit Loyalty Cayman, Ltd. 8.000%, 09/20/2025 (A)		906,000		909,683
The GEO Group, Inc. 9.500%, 12/31/2028 (A)(B)		945,000		912,265
Titan International, Inc. 7.000%, 04/30/2028		670,000		603,690
TransDigm, Inc.
4.625%, 01/15/2029		450,000		400,050
5.500%, 11/15/2027		250,000		235,728
6.750%, 08/15/2028 (A)		630,000		636,300
8.000%, 12/15/2025 (A)		200,000		203,750
United Airlines 2020-1 Class B Pass Through Trust 4.875%, 01/15/2026		217,050		206,198
United Airlines, Inc. 4.625%, 04/15/2029 (A)		230,000		208,035
United Rentals North America, Inc.
3.875%, 02/15/2031		510,000		450,075
4.875%, 01/15/2028		640,000		612,000
5.250%, 01/15/2030		400,000		385,000
6.000%, 12/15/2029 (A)		280,000		283,856
Vertiv Group Corp. 4.125%, 11/15/2028 (A)		760,000		670,590
VistaJet Malta Finance PLC 6.375%, 02/01/2030 (A)(B)		690,000		614,953
XPO CNW, Inc. 6.700%, 05/01/2034		370,000		334,900
XPO Escrow Sub LLC 7.500%, 11/15/2027 (A)		160,000		166,400
				24,998,055

 

85

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology – 3.6%
CA Magnum Holdings 5.375%, 10/31/2026 (A)	$	410,000	$	359,039
Central Parent, Inc. 7.250%, 06/15/2029 (A)		650,000		638,871
Clarivate Science Holdings Corp. 4.875%, 07/01/2029 (A)(B)		260,000		235,136
CommScope, Inc.
4.750%, 09/01/2029 (A)		1,500,000		1,250,280
8.250%, 03/01/2027 (A)(B)		640,000		524,224
Elastic NV 4.125%, 07/15/2029 (A)		570,000		486,638
Gen Digital, Inc. 7.125%, 09/30/2030 (A)		340,000		338,300
Helios Software Holdings, Inc. 4.625%, 05/01/2028 (A)		530,000		430,608
Open Text Corp. 6.900%, 12/01/2027 (A)		360,000		371,376
Paysafe Finance PLC 4.000%, 06/15/2029 (A)(B)		810,000		629,775
Rackspace Technology Global, Inc. 3.500%, 02/15/2028 (A)		630,000		327,638
Vericast Corp. 11.000%, 09/15/2026 (A)		650,000		684,125
				6,276,010
Materials – 4.5%
ARD Finance SA 6.500%, (6.500% Cash or 7.250% PIK), 06/30/2027 (A)		1,350,000		1,032,615
Ardagh Metal Packaging Finance USA LLC
4.000%, 09/01/2029 (A)		800,000		626,000
6.000%, 06/15/2027 (A)		320,000		317,128
Canpack SA 3.875%, 11/15/2029 (A)		700,000		566,713
Cascades, Inc. 5.375%, 01/15/2028 (A)		530,000		503,362
First Quantum Minerals, Ltd.
6.875%, 03/01/2026 to 10/15/2027 (A)		1,450,000		1,402,566
7.500%, 04/01/2025 (A)		210,000		209,828
Freeport-McMoRan, Inc. 5.450%, 03/15/2043		1,160,000		1,085,033
Hudbay Minerals, Inc. 6.125%, 04/01/2029 (A)		500,000		472,500
LSF11 A5 HoldCo LLC 6.625%, 10/15/2029 (A)		530,000		445,661
Midwest Vanadium Proprietary, Ltd. 13.250%, 02/15/2018 (A)(C)		912,943		1,826
Northwest Acquisitions ULC 7.125%, 11/01/2022 (A)(C)		950,000		10
Olin Corp. 5.000%, 02/01/2030		420,000		393,800
Pactiv LLC 8.375%, 04/15/2027		20,000		19,747
Summit Materials LLC 5.250%, 01/15/2029 (A)		720,000		680,400
				7,757,189
Real estate – 2.7%
Diversified Healthcare Trust
4.375%, 03/01/2031		250,000		179,063
4.750%, 02/15/2028		930,000		627,843
9.750%, 06/15/2025		170,000		164,475
Five Point Operating Company LP 7.875%, 11/15/2025 (A)		800,000		719,600
Forestar Group, Inc.
3.850%, 05/15/2026 (A)		550,000		494,810

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Forestar Group, Inc. (continued)
5.000%, 03/01/2028 (A)	$	250,000	$	223,750
IIP Operating Partnership LP 5.500%, 05/25/2026		950,000		816,693
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/2032 (A)		410,000		352,080
MPT Operating Partnership LP
3.500%, 03/15/2031		200,000		134,640
4.625%, 08/01/2029		260,000		192,075
Park Intermediate Holdings LLC 5.875%, 10/01/2028 (A)		390,000		359,093
Service Properties Trust 5.500%, 12/15/2027		400,000		358,000
				4,622,122
Utilities – 1.3%
Calpine Corp. 3.750%, 03/01/2031 (A)		300,000		253,042
Suburban Propane Partners LP 5.000%, 06/01/2031 (A)		340,000		297,075
Sunnova Energy Corp. 5.875%, 09/01/2026 (A)(B)		1,200,000		1,017,000
Superior Plus LP 4.500%, 03/15/2029 (A)		290,000		258,932
TransAlta Corp. 7.750%, 11/15/2029		310,000		325,774
				2,151,823
TOTAL CORPORATE BONDS (Cost $161,855,257)			$	140,319,545
CONVERTIBLE BONDS – 0.6%
Communication services – 0.1%
DISH Network Corp. 3.375%, 08/15/2026		530,000		272,950
Consumer discretionary – 0.2%
DraftKings Holdings, Inc. 7.593%, 03/15/2028 (E)		470,000		325,240
Industrials – 0.2%
Spirit Airlines, Inc. 1.000%, 05/15/2026		360,000		289,980
Utilities – 0.1%
NextEra Energy Partners LP 2.500%, 06/15/2026 (A)		190,000		168,720
TOTAL CONVERTIBLE BONDS (Cost $1,436,499)			$	1,056,890
TERM LOANS (F) – 5.3%
Consumer discretionary – 1.6%
Adtalem Global Education, Inc., 2021 Term Loan B (1 month LIBOR + 4.000%) 8.840%, 08/12/2028		287,116		286,668
Equinox Holdings, Inc. , 2020 Term Loan B2 (3 month LIBOR + 9.000%) 14.159%, 03/08/2024		369,550		336,291
First Brands Group LLC, 2021 Term Loan (6 month SOFR + 5.000%) 10.252%, 03/30/2027		343,000		328,958
Great Outdoors Group LLC, 2021 Term Loan B1 (1 month LIBOR + 3.750%) 8.590%, 03/06/2028		322,612		317,976
Spencer Spirit IH LLC, Term Loan B (1 month LIBOR + 6.000%) 10.845%, 06/19/2026		569,833		560,932

 

86

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (F) (continued)
Consumer discretionary (continued)
Truck Hero, Inc., 2021 Term Loan B (1 month LIBOR + 3.750%) 8.590%, 01/31/2028	$	343,000	$	303,709
Upbound Group, Inc., 2021 First Lien Term Loan B (3 month LIBOR + 3.250%) 8.125%, 02/17/2028		559,397		552,405
				2,686,939
Financials – 0.6%
Acrisure LLC, 2020 Term Loan B (1 month LIBOR + 3.500%) 8.359%, 02/15/2027		446,200		430,953
Asurion LLC, 2022 Term Loan B10 (3 month SOFR + 4.000%) 8.907%, 08/19/2028		398,000		366,411
Deerfield Dakota Holding LLC, 2021 USD 2nd Lien Term Loan (3 month LIBOR + 6.750%) 11.909%, 04/07/2028		190,000		174,008
				971,372
Health care – 0.6%
Eyecare Partners LLC, 2020 Term Loan (1 month LIBOR + 3.750%) 8.590%, 02/18/2027		485,778		394,019
Eyecare Partners LLC, 2022 Incremental Term Loan (1 month SOFR + 4.500%) 9.407%, 11/15/2028		379,050		308,926
U.S. Renal Care, Inc., 2019 Term Loan B (1 month LIBOR + 5.000%) 9.859%, 06/26/2026		636,191		427,838
				1,130,783
Industrials – 0.6%
Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) 10.213%, 06/21/2027		382,500		396,415
R.R. Donnelley & Sons Company, 2023 Term Loan B 03/17/2028 TBD (G)		700,000		689,500
				1,085,915
Information technology – 1.5%
Dcert Buyer, Inc., 2021 2nd Lien Term Loan (3 month LIBOR + 7.000%) 11.696%, 02/19/2029		820,000		754,400
Global Tel*Link Corp., 2018 1st Lien Term Loan (3 month LIBOR + 4.250%) 9.076%, 11/29/2025		485,101		421,766
MRI Software LLC, 2020 Term Loan 02/10/2026 TBD (G)		62,070		59,239
MRI Software LLC, 2020 Term Loan B 02/10/2026 TBD (G)		107,653		102,744
Neptune Bidco US, Inc., 2022 USD Term Loan B (3 month SOFR + 5.000%) 9.735%, 04/11/2029		210,000		188,475
Peraton Corp., Term Loan B (1 month LIBOR + 3.750%) 8.590%, 02/01/2028		413,708		407,676
Redstone Holdco 2 LP, 2021 Term Loan (3 month LIBOR + 4.750%) 9.568%, 04/27/2028		462,950		361,680
Redstone Holdco 2 LP , 2021 2nd Lien Term Loan (3 month LIBOR + 7.750%) 12.565%, 04/27/2029		470,000		262,194
				2,558,174

High Yield Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (F) (continued)
Materials – 0.4%
Arctic Canadian Diamond Company, Ltd., 2nd Lien PIK Term Loan (3 month LIBOR + 4.000% or 12.500% PIK) 9.159%, 12/31/2027 (H)	$	549,524	$	469,128
Koppers, Inc., 03/08/2030 TBD (G)		280,000		273,700
				742,828
TOTAL TERM LOANS (Cost $10,133,357)			$	9,176,011
ASSET BACKED SECURITIES – 6.7%
AIG CLO, Ltd. Series 2018-1A, Class DR (3 month LIBOR + 3.100%) 7.908%, 04/20/2032 (A)(I)		260,000		236,524
Aimco CLO, Ltd. Series 2020-12A, Class DR (3 month CME Term SOFR + 2.900%) 7.558%, 01/17/2032 (A)(I)		350,000		323,793
Balboa Bay Loan Funding, Ltd. Series 2020-1A, Class ER (3 month LIBOR + 6.400%) 11.208%, 01/20/2032 (A)(I)		500,000		459,286
Ballyrock CLO, Ltd. Series 2022-19A, Class D (3 month CME Term SOFR + 7.110%) 11.749%, 04/20/2035 (A)(I)		710,000		618,580
Barings CLO, Ltd.
Series 2018-3A, Class D (3 month LIBOR + 2.900%) 7.708%, 07/20/2029 (A)(I)		250,000		235,384
Series 2020-4A, Class E (3 month LIBOR + 5.680%) 10.488%, 01/20/2032 (A)(I)		330,000		284,834
Battalion CLO, Ltd. Series 2021-20A, Class D (3 month LIBOR + 3.100%) 7.892%, 07/15/2034 (A)(I)		250,000		218,377
Benefit Street Partners CLO XII, Ltd. Series 2017-12A, Class C (3 month LIBOR + 3.050%) 7.842%, 10/15/2030 (A)(I)		250,000		227,724
BlueMountain CLO, Ltd. Series 2016-2A, Class DR (3 month LIBOR + 7.790%) 12.705%, 08/20/2032 (A)(I)		300,000		253,167
Bristol Park CLO, Ltd. Series 2016-1A, Class ER (3 month LIBOR + 7.000%) 11.792%, 04/15/2029 (A)(I)		600,000		518,931
Carlyle US CLO, Ltd. Series 2017-2A, Class C (3 month LIBOR + 3.700%) 8.508%, 07/20/2031 (A)(I)		500,000		448,820
Catskill Park CLO, Ltd. Series 2017-1A, Class D (3 month LIBOR + 6.000%) 10.808%, 04/20/2029 (A)(I)		500,000		409,332
Cook Park CLO, Ltd. Series 2018-1A, Class E (3 month LIBOR + 5.400%) 10.192%, 04/17/2030 (A)(I)		250,000		198,476
Dryden CLO, Ltd. Series 2019-75A, Class ER2 (3 month LIBOR + 6.600%) 11.392%, 04/15/2034 (A)(I)		470,000		407,789

 

87

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Dryden Senior Loan Fund Series 2015-40A, Class DR (3 month LIBOR + 3.100%) 7.964%, 08/15/2031 (A)(I)	$	250,000	$	231,957
Eaton Vance CLO, Ltd. Series 2020-2A, Class ER (3 month LIBOR + 6.500%) 11.292%, 01/15/2035 (A)(I)		440,000		401,345
Great Lakes CLO, Ltd. Series 2014-1A, Class CR (3 month LIBOR + 2.700%) 7.492%, 10/15/2029 (A)(I)		400,000		385,515
Greenwood Park CLO, Ltd.
Series 2018-1A, Class D (3 month LIBOR + 2.500%) 7.292%, 04/15/2031 (A)(I)		290,000		247,977
Series 2018-1A, Class E (3 month LIBOR + 4.950%) 9.742%, 04/15/2031 (A)(I)		250,000		203,407
Greywolf CLO IV, Ltd. Series 2019-1A, Class CR (3 month CME Term SOFR + 3.910%) 8.542%, 04/17/2034 (A)(I)		250,000		225,901
Grippen Park CLO, Ltd. Series 2017-1A, Class E (3 month LIBOR + 5.700%) 10.508%, 01/20/2030 (A)(I)		420,000		365,863
Jay Park CLO, Ltd. Series 2016-1A, Class DR (3 month LIBOR + 5.200%) 9.443%, 10/20/2027 (A)(I)		350,000		318,513
Magnetite XII, Ltd. Series 2015-12A, Class ER (3 month LIBOR + 5.680%) 10.472%, 10/15/2031 (A)(I)		300,000		264,729
Magnetite XXIV, Ltd. Series 2019-24A, Class ER (3 month CME Term SOFR + 6.400%) 11.058%, 04/15/2035 (A)(I)		250,000		222,803
MKS CLO, Ltd. Series 2017-2A, Class D (3 month LIBOR + 2.650%) 7.458%, 01/20/2031 (A)(I)		500,000		437,008
Mountain View CLO IX, Ltd. Series 2015-9A, Class CR (3 month LIBOR + 3.120%) 7.912%, 07/15/2031 (A)(I)		250,000		209,168
Neuberger Berman CLO XVIII, Ltd. Series 2014-18A, Class DR2 (3 month LIBOR + 5.920%) 10.735%, 10/21/2030 (A)(I)		250,000		215,936
Neuberger Berman Loan Advisers CLO XXXIV, Ltd. Series 2019-34A, Class ER (3 month CME Term SOFR + 6.500%) 11.139%, 01/20/2035 (A)(I)		500,000		454,287
Neuberger Berman Loan Advisers CLO, Ltd. Series 2017-25A, Class DR (3 month LIBOR + 2.850%) 7.645%, 10/18/2029 (A)(I)		250,000		230,766
OHA Credit Funding, Ltd. Series 2020-7A, Class DR (3 month CME Term SOFR + 3.100%) 7.733%, 02/24/2037 (A)(I)		250,000		228,838

High Yield Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Palmer Square Loan Funding, Ltd. Series 2022-3A, Class C (3 month CME Term SOFR + 5.400%) 9.405%, 04/15/2031 (A)(I)	$	390,000	$	378,842
Saranac CLO III, Ltd. Series 2014-3A, Class DR (3 month LIBOR + 3.250%) 8.197%, 06/22/2030 (A)(I)		570,000		452,947
Sculptor CLO XXVI, Ltd. Series 2026-A, Class E (3 month LIBOR + 7.250%) 12.058%, 07/20/2034 (A)(I)		280,000		244,368
Venture XVII CLO, Ltd.
Series 2014-17A, Class DRR (3 month LIBOR + 2.820%) 7.612%, 04/15/2027 (A)(I)		350,000		317,380
Series 2014-17A, Class ERR (3 month LIBOR + 5.740%) 10.532%, 04/15/2027 (A)(I)		350,000		256,788
Voya CLO III, Ltd. Series 2020-3A, Class DR (3 month LIBOR + 3.250%) 8.058%, 10/20/2034 (A)(I)		500,000		447,018
TOTAL ASSET BACKED SECURITIES (Cost $12,841,937)			$	11,582,373
COMMON STOCKS – 0.5%
Communication services – 0.0%
New Cotai, Inc., Class B (H)(J)(K)		3		0
Vertis Holdings, Inc. (H)(K)		69,391		0
				0
Energy – 0.5%
Berry Corp.		62,206		488,317
Chord Energy Corp.		2,636		354,806
KCAD Holdings I, Ltd.  (H)(J)(K)		165,553,563		166
MWO Holdings LLC (H)(J)(K)		445		2,768
Permian Production (H)(K)		19,583		11,750
				857,807
TOTAL COMMON STOCKS (Cost $4,173,036)			$	857,807
PREFERRED SECURITIES – 0.3%
Energy – 0.3%
MPLX LP, 9.538% (H)		16,445		538,574
TOTAL PREFERRED SECURITIES (Cost $534,463)			$	538,574
ESCROW CERTIFICATES – 0.0%
Adelphia Communications Corp. (H)(K)	$	3,000,000		0
Adelphia Communications Corp. (H)(K)		2,050,000		0
Adelphia Communications Corp. (H)(K)		1,025,000		0
Magellan Health, Inc. (H)(K)		1,930,000		0
TOTAL ESCROW CERTIFICATES (Cost $342,202)			$	0
SHORT-TERM INVESTMENTS – 7.0%
Short-term funds – 7.0%
John Hancock Collateral Trust, 4.9438% (L)(M)		774,880		7,746,401
State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.6709% (L)		4,336,210		4,336,210
TOTAL SHORT-TERM INVESTMENTS (Cost $12,082,067)			$	12,082,611
Total Investments (High Yield Trust) (Cost $204,490,184) – 102.2%			$	176,205,990
Other assets and liabilities, net – (2.2%)				(3,786,140)
TOTAL NET ASSETS – 100.0%			$	172,419,850

Currency Abbreviations

 

88

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

CAD Canadian Dollar

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
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.
SOFR	Secured Overnight Financing Rate
(A)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $121,809,863 or 70.6% of the fund's net assets as of 3-31-23.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $7,578,343.
(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)	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.
(F)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(G)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(H)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(I)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(J)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(K)	Non-income producing security.
(L)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	81	Long	Jun 2023	$8,703,630	$8,870,133	$166,503
						$166,503

^ 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	442,617	USD	479,098	BNP	4/18/2023	$1,293	—
MXN	195,721	USD	10,080	MSCS	4/18/2023	752	—
USD	1,747	CAD	2,334	JPM	4/18/2023	20	—
						$2,065	—

SWAPS

Credit default swaps - Buyer
Counterparty (OTC)/ Centrally cleared	Reference obligation	Notional amount	Currency	USD notional amount	Pay fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	NOVA Chemicals Corp.	355,000	USD	$355,000	5.000%	Quarterly	Jun 2027	$(7,501)	$(9,861)	$(17,362)
Centrally cleared	The Goodyear Tire & Rubber Company	470,000	USD	470,000	5.000%	Quarterly	Jun 2027	(7,185)	(20,223)	(27,408)
Centrally cleared	Xerox Holdings Corp.	190,000	USD	190,000	1.000%	Quarterly	Jun 2027	22,731	(5,614)	17,117
Centrally cleared	Beazer Homes USA	470,000	USD	470,000	5.000%	Quarterly	Dec 2027	53,119	(59,052)	(5,933)
Centrally cleared	KB Home	662,000	USD	662,000	5.000%	Quarterly	Dec 2027	(5,714)	(69,529)	(75,243)
				$2,147,000				$55,450	$(164,279)	$(108,829)

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	Occidental Petroleum Corp.	0.806%	750,000	USD	$750,000	1.000%	Quarterly	Jun 2026	$(22,220)	$26,845	$4,625
Centrally cleared	Ford Motor Credit Company LLC	4.066%	800,000	USD	800,000	5.000%	Quarterly	Dec 2026	92,076	(69,948)	22,128
					$1,550,000				$69,856	$(43,103)	$26,753

89

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

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.
MSCS	Morgan Stanley Capital Services LLC
OTC	Over-the-counter

International Equity Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.1%
Australia - 4.8%
Ampol, Ltd.	8,214	$	167,466
ANZ Group Holdings, Ltd.	103,645		1,597,180
APA Group	40,668		276,266
Aristocrat Leisure, Ltd.	20,772		519,351
ASX, Ltd.	6,673		291,414
Aurizon Holdings, Ltd.	63,445		142,901
BHP Group, Ltd.	174,488		5,516,244
BlueScope Steel, Ltd.	18,252		247,047
Brambles, Ltd.	49,445		445,808
Cochlear, Ltd.	2,361		375,872
Coles Group, Ltd.	45,978		555,537
Commonwealth Bank of Australia	58,842		3,885,068
Computershare, Ltd.	18,728		272,028
CSL, Ltd.	16,501		3,195,752
Dexus	39,487		199,639
EBOS Group, Ltd.	5,589		162,864
Endeavour Group, Ltd.	46,231		210,041
Fortescue Metals Group, Ltd.	58,369		877,377
Goodman Group	57,954		735,426
IDP Education, Ltd.	7,195		132,593
IGO, Ltd.	23,272		199,560
Insurance Australia Group, Ltd.	88,042		277,129
Lendlease Corp., Ltd.	25,385		123,539
Macquarie Group, Ltd.	12,682		1,501,543
Medibank Private, Ltd.	99,625		224,821
Mineral Resources, Ltd.	5,861		316,827
Mirvac Group	141,329		197,948
National Australia Bank, Ltd.	108,142		2,015,047
Newcrest Mining, Ltd.	30,415		542,919
Northern Star Resources, Ltd.	39,419		323,242
Orica, Ltd.	18,991		196,185
Origin Energy, Ltd.	60,705		338,071
Pilbara Minerals, Ltd.	86,630		230,470
Qantas Airways, Ltd. (A)	31,854		142,179
QBE Insurance Group, Ltd.	50,892		498,259
Ramsay Health Care, Ltd.	6,710		299,824
REA Group, Ltd.	1,952		182,011
Reece, Ltd.	11,689		136,993
Rio Tinto, Ltd.	12,795		1,028,074
Santos, Ltd.	110,903		510,420
Scentre Group	178,901		331,160
SEEK, Ltd.	11,910		192,526
Sonic Healthcare, Ltd.	16,282		381,698
South32, Ltd.	112,851		330,735
South32, Ltd. (London Stock Exchange)	48,980		144,224
Stockland	87,409		234,063
Suncorp Group, Ltd.	43,519		353,597
Telstra Corp., Ltd.	142,830		404,409
The GPT Group	71,628		204,695
The Lottery Corp., Ltd.	82,609		284,122

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Transurban Group	105,808	$	1,010,295
Treasury Wine Estates, Ltd.	26,341		231,242
Vicinity, Ltd.	148,057		193,636
Washington H. Soul Pattinson & Company, Ltd.	7,463		151,251
Wesfarmers, Ltd.	39,081		1,320,878
Westpac Banking Corp.	119,614		1,741,531
WiseTech Global, Ltd.	5,291		233,088
Woodside Energy Group, Ltd.	64,951		1,451,014
Woolworths Group, Ltd.	41,774		1,062,007
			39,347,106
Austria - 0.1%
Erste Group Bank AG	11,747		389,172
OMV AG	5,543		254,553
Verbund AG	2,442		212,413
voestalpine AG	4,357		148,150
			1,004,288
Belgium - 0.6%
Ageas SA/NV	6,383		276,119
Anheuser-Busch InBev SA/NV	29,951		1,996,539
D'ieteren Group	850		165,395
Elia Group SA/NV	1,148		151,601
Groupe Bruxelles Lambert NV	3,809		325,062
KBC Group NV	8,597		590,709
Sofina SA	537		120,609
Solvay SA	2,881		329,491
UCB SA	4,152		371,092
Umicore SA	7,155		242,708
Warehouses De Pauw CVA	5,082		151,120
			4,720,445
Brazil - 1.0%
Ambev SA	172,330		487,228
Atacadao SA	13,900		33,979
B3 SA - Brasil Bolsa Balcao	221,721		452,764
Banco Bradesco SA	51,324		119,995
Banco BTG Pactual SA	37,204		144,237
Banco do Brasil SA	28,713		221,560
Banco Santander Brasil SA	14,000		74,027
BB Seguridade Participacoes SA	24,400		156,506
CCR SA	40,100		101,270
Centrais Eletricas Brasileiras SA	20,247		132,944
Centrais Eletricas Brasileiras SA, ADR	1,429		10,403
Cia de Saneamento Basico do Estado de Sao Paulo	11,270		112,534
Cia Siderurgica Nacional SA, ADR (B)	11,800		36,226
Cosan SA	40,344		120,114
CPFL Energia SA	7,900		49,332
Energisa SA	6,100		48,358
Eneva SA (A)	29,700		61,352

 

90

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Brazil (continued)
Engie Brasil Energia SA	7,275	$	57,658
Equatorial Energia SA	34,400		182,980
Hapvida Participacoes e Investimentos SA (A)(C)	158,579		81,973
Hypera SA	14,108		104,938
JBS SA	34,073		119,998
Klabin SA	24,000		85,659
Localiza Rent a Car SA	20,383		214,751
Lojas Renner SA	32,186		105,224
Magazine Luiza SA (A)	94,607		61,784
Natura & Company Holding SA	26,929		70,132
Petro Rio SA (A)	24,100		148,306
Petroleo Brasileiro SA	133,229		696,315
Raia Drogasil SA	35,900		173,180
Rede D'Or Sao Luiz SA (C)	13,400		56,154
Rumo SA	45,451		169,036
Sendas Distribuidora SA	24,690		75,700
Suzano SA	22,263		182,727
Suzano SA, ADR (B)	3,164		25,976
Telefonica Brasil SA	9,652		73,621
Telefonica Brasil SA, ADR	6,017		45,549
TIM SA	28,020		69,546
TOTVS SA	17,746		98,596
Ultrapar Participacoes SA	25,400		69,959
Vale SA	130,550		2,068,060
Vibra Energia SA	44,000		125,095
WEG SA	56,116		448,955
			7,974,701
Canada - 7.6%
Agnico Eagle Mines, Ltd.	16,011		816,247
Air Canada (A)	7,300		103,437
Algonquin Power & Utilities Corp. (B)	27,073		227,161
Alimentation Couche-Tard, Inc.	27,900		1,402,741
AltaGas, Ltd.	11,500		191,709
ARC Resources, Ltd.	23,500		266,559
Bank of Montreal	23,232		2,069,307
Barrick Gold Corp.	41,577		771,859
Barrick Gold Corp. (London Stock Exchange)	20,657		387,529
BCE, Inc.	2,924		130,980
Brookfield Asset Management, Ltd., Class A	12,268		401,853
Brookfield Corp. (A)	49,072		1,598,698
BRP, Inc.	1,300		101,730
CAE, Inc. (A)	12,000		271,343
Cameco Corp.	15,100		395,404
Canadian Apartment Properties REIT	3,400		119,270
Canadian Imperial Bank of Commerce	31,400		1,331,509
Canadian National Railway Company	20,300		2,395,295
Canadian Natural Resources, Ltd.	38,260		2,117,252
Canadian Pacific Railway, Ltd.	32,300		2,487,208
Canadian Tire Corp., Ltd., Class A	2,100		274,049
Canadian Utilities, Ltd., Class A	4,600		128,181
CCL Industries, Inc., Class B	5,400		268,262
Cenovus Energy, Inc.	47,759		833,265
CGI, Inc. (A)	7,900		761,358
Constellation Software, Inc.	700		1,316,047
Dollarama, Inc.	9,700		579,703
Element Fleet Management Corp.	13,500		177,303
Emera, Inc.	9,500		390,263
Empire Company, Ltd., Class A	6,200		166,205
Enbridge, Inc.	69,000		2,630,832
Fairfax Financial Holdings, Ltd.	819		544,685
First Quantum Minerals, Ltd.	20,054		461,027
FirstService Corp.	1,500		211,354

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Fortis, Inc.	16,714	$	710,484
Franco-Nevada Corp.	6,603		963,115
George Weston, Ltd.	2,799		370,922
GFL Environmental, Inc.	6,400		220,673
Gildan Activewear, Inc.	7,300		242,523
Great-West Lifeco, Inc.	9,900		262,388
Hydro One, Ltd. (C)	11,900		338,818
iA Financial Corp., Inc.	4,100		259,864
IGM Financial, Inc.	3,000		89,656
Imperial Oil, Ltd.	8,630		438,875
Intact Financial Corp.	6,200		887,313
Ivanhoe Mines, Ltd., Class A (A)	23,800		215,019
Keyera Corp. (B)	8,500		186,101
Kinross Gold Corp.	45,229		212,842
Loblaw Companies, Ltd.	6,140		559,574
Lundin Mining Corp.	26,000		176,604
Magna International, Inc.	10,400		557,052
Manulife Financial Corp. (D)	68,000		1,247,799
Metro, Inc.	9,057		498,185
National Bank of Canada	11,500		822,571
Northland Power, Inc.	8,100		203,054
Nutrien, Ltd.	18,790		1,387,665
Nuvei Corp. (A)(C)	2,600		113,273
Onex Corp.	2,700		126,220
Open Text Corp.	9,700		374,148
Pan American Silver Corp.	7,300		133,199
Parkland Corp.	5,416		129,840
Pembina Pipeline Corp.	18,698		605,696
Power Corp. of Canada	20,512		524,221
Quebecor, Inc., Class B	6,400		158,212
Restaurant Brands International, Inc.	10,546		707,983
RioCan Real Estate Investment Trust	6,300		95,048
Ritchie Brothers Auctioneers, Inc.	4,300		241,933
Rogers Communications, Inc., Class B	12,100		560,817
Royal Bank of Canada	47,500		4,542,638
Saputo, Inc.	9,100		235,462
Shaw Communications, Inc., Class B	16,926		506,465
Shopify, Inc., Class A (A)	39,000		1,869,922
Sun Life Financial, Inc.	20,600		962,400
Suncor Energy, Inc.	46,635		1,447,876
TC Energy Corp.	34,745		1,351,494
Teck Resources, Ltd., Class B	16,161		590,119
TELUS Corp.	17,360		344,631
TFI International, Inc.	3,200		381,845
The Bank of Nova Scotia	41,400		2,085,163
The Descartes Systems Group, Inc. (A)	2,900		234,060
The Toronto-Dominion Bank	62,744		3,758,140
Thomson Reuters Corp.	5,854		761,648
TMX Group, Ltd.	2,000		201,998
Toromont Industries, Ltd.	3,200		262,653
Tourmaline Oil Corp.	10,700		445,893
West Fraser Timber Company, Ltd.	2,100		149,789
Wheaton Precious Metals Corp.	15,471		745,104
WSP Global, Inc.	4,300		563,248
			62,391,860
Cayman Islands - 0.0%
Parade Technologies, Ltd.	3,000		103,866
Chile - 0.1%
Antofagasta PLC	15,127		296,298
Banco Santander Chile, ADR	5,508		98,208
Cencosud SA	61,383		118,699
Enel Chile SA, ADR	18,222		49,199
Sociedad Quimica y Minera de Chile SA, ADR	4,430		359,096
			921,500

 

91

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China - 7.8%
360 DigiTech, Inc., ADR	2,900	$	56,260
37 Interactive Entertainment Network Technology Group Company, Ltd., Class A	4,700		19,449
3SBio, Inc. (C)	40,500		40,307
AAC Technologies Holdings, Inc. (A)	27,342		67,627
AECC Aviation Power Company, Ltd., Class A	3,600		22,655
Agricultural Bank of China, Ltd., Class A	165,700		75,029
Agricultural Bank of China, Ltd., H Shares	1,000,000		370,326
Aier Eye Hospital Group Company, Ltd., Class A	15,065		68,089
Air China, Ltd., H Shares (A)	84,534		75,605
Airtac International Group	4,185		163,673
Akeso, Inc. (A)(C)	16,000		82,611
Alibaba Group Holding, Ltd. (A)	488,800		6,190,894
Alibaba Group Holding, Ltd., ADR (A)	3,828		391,145
Aluminum Corp. of China, Ltd., A Shares	29,100		23,382
Aluminum Corp. of China, Ltd., H Shares	131,220		66,464
Anhui Conch Cement Company, Ltd., Class A	8,900		36,571
Anhui Conch Cement Company, Ltd., H Shares	44,290		153,497
Anhui Gujing Distillery Company, Ltd., B Shares	3,600		64,284
Anhui Gujing Distillery Company, Ltd., Class A	900		38,703
ANTA Sports Products, Ltd.	41,600		603,995
Autohome, Inc., ADR	2,600		87,022
AVIC Industry-Finance Holdings Company, Ltd., Class A	20,000		11,932
AviChina Industry & Technology Company, Ltd., H Shares	72,000		37,833
Baidu, Inc., Class A (A)	80,000		1,507,302
Bank of Beijing Company, Ltd., Class A	47,000		30,118
Bank of China, Ltd., Class A	78,100		38,406
Bank of China, Ltd., H Shares	2,720,563		1,042,974
Bank of Communications Company, Ltd., Class A	87,300		64,940
Bank of Communications Company, Ltd., H Shares	292,527		183,972
Bank of Hangzhou Company, Ltd., Class A	11,400		19,265
Bank of Jiangsu Company, Ltd., Class A	33,410		34,174
Bank of Nanjing Company, Ltd., Class A	13,600		17,736
Bank of Ningbo Company, Ltd., Class A	13,750		54,617
Bank of Shanghai Company, Ltd., Class A	31,610		27,568
Baoshan Iron & Steel Company, Ltd., Class A	41,300		37,501
Beijing Capital International Airport Company, Ltd., H Shares (A)	52,789		38,878
Beijing Yuanliu Hongyuan Electronic Technology Company, Ltd., Class A	500		5,610
Bilibili, Inc., ADR (A)(B)	5,800		136,300
Bilibili, Inc., Class Z (A)	520		12,236
BOE Technology Group Company, Ltd., Class A	75,300		48,655
BYD Company, Ltd., Class A	4,000		149,023
BYD Company, Ltd., H Shares	28,105		826,741

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
BYD Electronic International Company, Ltd.	22,500	$	70,023
CGN Power Company, Ltd., H Shares (C)	364,000		87,147
Changchun High & New Technology Industry Group, Inc., Class A	800		19,026
China Cinda Asset Management Company, Ltd., H Shares	304,800		38,524
China CITIC Bank Corp., Ltd., H Shares	310,800		156,352
China Coal Energy Company, Ltd., H Shares	70,000		53,122
China Communications Services Corp., Ltd., H Shares	129,600		63,772
China Conch Venture Holdings, Ltd.	57,900		101,396
China Construction Bank Corp., Class A	15,400		13,314
China Construction Bank Corp., H Shares	3,285,914		2,126,627
China Eastern Airlines Corp., Ltd., Class A (A)	15,800		11,843
China Everbright Bank Company, Ltd., Class A	88,600		38,809
China Everbright Bank Company, Ltd., H Shares	120,000		36,403
China Evergrande Group (A)	65,959		93
China Feihe, Ltd. (C)	119,000		89,185
China Galaxy Securities Company, Ltd., H Shares	129,500		65,200
China Greatwall Technology Group Company, Ltd., Class A	6,500		11,713
China Hongqiao Group, Ltd.	78,000		74,957
China Huishan Dairy Holdings Company, Ltd. (A)(E)	225,000		0
China International Capital Corp., Ltd., H Shares (C)	52,000		104,329
China Lesso Group Holdings, Ltd.	36,000		32,167
China Life Insurance Company, Ltd., Class A	4,500		21,812
China Life Insurance Company, Ltd., H Shares	255,624		419,497
China Literature, Ltd. (A)(C)	14,000		72,297
China Longyuan Power Group Corp., Ltd., H Shares	114,000		130,053
China Meidong Auto Holdings, Ltd.	18,000		38,824
China Merchants Bank Company, Ltd., Class A	45,900		228,589
China Merchants Bank Company, Ltd., H Shares	133,823		679,556
China Merchants Securities Company, Ltd., Class A	16,510		33,136
China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A	17,600		34,786
China Minsheng Banking Corp., Ltd., Class A	78,880		39,629
China Minsheng Banking Corp., Ltd., H Shares	194,496		66,644
China National Building Material Company, Ltd., H Shares	138,000		113,425
China National Nuclear Power Company, Ltd., Class A	20,900		19,456
China Oilfield Services, Ltd., H Shares	56,000		57,568
China Pacific Insurance Group Company, Ltd., Class A	14,000		52,827
China Pacific Insurance Group Company, Ltd., H Shares	94,100		249,468

 

92

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Petroleum & Chemical Corp., Class A	56,700	$	46,342
China Petroleum & Chemical Corp., H Shares	873,361		515,388
China Railway Group, Ltd., Class A	30,000		30,024
China Railway Group, Ltd., H Shares	144,000		87,874
China Resources Mixc Lifestyle Services, Ltd. (C)	23,400		123,031
China Shenhua Energy Company, Ltd., Class A	9,800		40,154
China Shenhua Energy Company, Ltd., H Shares	113,500		357,176
China Southern Airlines Company, Ltd., Class A (A)	13,800		15,809
China Southern Airlines Company, Ltd., H Shares (A)	64,000		45,661
China State Construction Engineering Corp., Ltd., Class A	93,340		78,699
China Three Gorges Renewables Group Company, Ltd., Class A	58,700		46,846
China Tourism Group Duty Free Corp., Ltd., Class A	4,300		114,828
China Tower Corp., Ltd., H Shares (C)	1,496,000		181,061
China Vanke Company, Ltd., Class A	21,600		47,729
China Vanke Company, Ltd., H Shares	56,900		89,785
China Yangtze Power Company, Ltd., Class A	48,900		151,132
Chinasoft International, Ltd. (A)	96,000		60,818
Chongqing Zhifei Biological Products Company, Ltd., Class A	3,100		37,042
CITIC Securities Company, Ltd., Class A	25,185		75,165
CITIC Securities Company, Ltd., H Shares	86,825		185,718
CITIC, Ltd.	207,967		243,074
CMOC Group, Ltd., Class A	28,400		24,732
CMOC Group, Ltd., H Shares	129,000		78,088
Contemporary Amperex Technology Company, Ltd., Class A	4,900		290,039
COSCO SHIPPING Holdings Company, Ltd., Class A	26,000		41,797
COSCO SHIPPING Holdings Company, Ltd., H Shares	119,600		134,834
Country Garden Holdings Company, Ltd.	270,117		75,846
Country Garden Services Holdings Company, Ltd.	69,000		118,962
CRRC Corp., Ltd., H Shares	145,000		79,146
CSC Financial Company, Ltd., Class A	6,200		23,158
CSPC Pharmaceutical Group, Ltd.	303,120		297,154
Dali Foods Group Company, Ltd. (C)	73,000		30,437
Daqo New Energy Corp., ADR (A)	2,500		117,100
Dongfeng Motor Group Company, Ltd., H Shares	91,220		42,852
Dongyue Group, Ltd.	49,000		50,646
East Buy Holding, Ltd. (A)(C)	13,500		57,787
East Money Information Company, Ltd., Class A	25,747		75,099
Ecovacs Robotics Company, Ltd., Class A	2,300		27,598
ENN Energy Holdings, Ltd.	26,600		364,233
Eve Energy Company, Ltd., Class A	4,181		42,461
Everbright Securities Company, Ltd., Class A	8,700		19,275
Flat Glass Group Company, Ltd., H Shares	23,000		65,784

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Focus Media Information Technology Company, Ltd., Class A	32,700	$	32,664
Foshan Haitian Flavouring & Food Company, Ltd., Class A	8,580		95,554
Fosun International, Ltd.	85,000		62,286
Foxconn Industrial Internet Company, Ltd., Class A	6,400		16,010
Fuyao Glass Industry Group Company, Ltd., Class A	4,500		22,769
Fuyao Glass Industry Group Company, Ltd., H Shares (C)	20,800		90,694
Ganfeng Lithium Group Company, Ltd., Class A	3,360		32,551
Ganfeng Lithium Group Company, Ltd., H Shares (C)	12,039		75,019
GDS Holdings, Ltd., ADR (A)	3,400		63,444
GDS Holdings, Ltd., Class A (A)	2,800		6,577
Gemdale Corp., Class A	7,300		8,894
Genscript Biotech Corp. (A)	40,000		85,574
GF Securities Company, Ltd., Class A	13,200		30,301
GF Securities Company, Ltd., H Shares	47,800		67,609
GigaDevice Semiconductor, Inc., Class A	1,372		24,433
GoerTek, Inc., Class A	5,200		16,227
Great Wall Motor Company, Ltd., H Shares	104,500		129,303
Greentown China Holdings, Ltd.	29,000		37,534
Greentown Service Group Company, Ltd.	48,000		30,280
Guangdong Haid Group Company, Ltd., Class A	3,500		29,731
Guangzhou Automobile Group Company, Ltd., H Shares	100,310		63,386
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., Class A	2,300		11,077
Guosen Securities Company, Ltd., Class A	6,600		9,009
Guotai Junan Securities Company, Ltd., Class A	16,700		34,946
H World Group, Ltd., ADR (A)	6,700		328,166
Haidilao International Holding, Ltd. (A)(C)	38,000		102,987
Haier Smart Home Company, Ltd., Class A	13,600		44,852
Haier Smart Home Company, Ltd., H Shares	83,800		262,401
Haitian International Holdings, Ltd.	21,000		54,436
Haitong Securities Company, Ltd., Class A	18,000		23,112
Haitong Securities Company, Ltd., H Shares	113,200		70,662
Hangzhou First Applied Material Company, Ltd., Class A	3,920		33,512
Hangzhou Silan Microelectronics Company, Ltd., Class A	2,600		14,026
Hangzhou Tigermed Consulting Company, Ltd., A Shares	1,700		23,688
Hangzhou Tigermed Consulting Company, Ltd., H Shares (C)	4,100		38,629
Hansoh Pharmaceutical Group Company, Ltd. (C)	40,000		69,339
Henan Shuanghui Investment & Development Company, Ltd., Class A	4,400		16,604
Hengan International Group Company, Ltd.	25,000		115,801
Hengli Petrochemical Company, Ltd., Class A	9,500		22,415

 

93

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Hithink RoyalFlush Information Network Company, Ltd., Class A	900	$	26,807
Hua Hong Semiconductor, Ltd. (A)(C)	20,000		88,678
Huadong Medicine Company, Ltd., Class A	2,800		18,881
Hualan Biological Engineering, Inc., Class A	4,030		12,836
Huaneng Power International, Inc., H Shares (A)	149,436		78,502
Huatai Securities Company, Ltd., Class A	16,400		30,509
Huatai Securities Company, Ltd., H Shares (C)	48,800		55,707
Huaxia Bank Company, Ltd., Class A	28,500		22,336
Huayu Automotive Systems Company, Ltd., Class A	5,100		12,421
Hundsun Technologies, Inc., Class A	3,075		23,830
Hygeia Healthcare Holdings Company, Ltd. (A)(C)	11,400		81,288
Iflytek Company, Ltd., Class A	9,600		88,954
Industrial & Commercial Bank of China, Ltd., Class A	120,000		77,916
Industrial & Commercial Bank of China, Ltd., H Shares	1,927,735		1,024,475
Industrial Bank Company, Ltd., Class A	46,200		113,722
Industrial Securities Company, Ltd., Class A	14,900		13,275
Ingenic Semiconductor Company, Ltd., Class A	2,800		36,333
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A	48,800		13,434
Inner Mongolia Yili Industrial Group Company, Ltd., Class A	13,600		57,530
Inner Mongolia Yitai Coal Company, Ltd., Class B	36,400		53,501
Innovent Biologics, Inc. (A)(C)	35,000		156,993
Inspur Electronic Information Industry Company, Ltd., Class A	3,248		16,633
iQIYI, Inc., ADR (A)	12,000		87,360
JA Solar Technology Company, Ltd., Class A	4,480		37,297
JD Health International, Inc. (A)(C)	38,200		283,252
JD.com, Inc., Class A	73,673		1,608,738
Jiangsu Expressway Company, Ltd., H Shares	41,145		38,264
Jiangsu Hengli Hydraulic Company, Ltd., Class A	2,960		28,534
Jiangsu Hengrui Pharmaceuticals Company, Ltd., Class A	14,198		88,457
Jiangsu King's Luck Brewery JSC, Ltd., Class A	2,800		26,420
Jiangsu Yanghe Brewery Joint-Stock Company, Ltd., Class A	3,400		81,615
Jiangxi Copper Company, Ltd., H Shares	39,075		66,154
Jiumaojiu International Holdings, Ltd. (C)	22,000		52,301
Kanzhun, Ltd., ADR (A)	2,900		55,187
KE Holdings, Inc., ADR (A)	11,800		222,312
Kingdee International Software Group Company, Ltd. (A)	89,000		143,768
Kingsoft Corp., Ltd.	32,800		161,242
Kuaishou Technology (A)(C)	59,600		458,283
Kweichow Moutai Company, Ltd., Class A	2,500		660,399
Lenovo Group, Ltd.	257,436		278,910

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Lens Technology Company, Ltd., Class A	7,300	$	14,353
Lepu Medical Technology Beijing Company, Ltd., Class A	4,000		13,487
Li Auto, Inc., ADR (A)(B)	19,000		474,050
Li Ning Company, Ltd.	80,500		633,045
Lingyi iTech Guangdong Company, Class A (A)	12,700		11,447
Longfor Group Holdings, Ltd. (C)	62,600		176,555
LONGi Green Energy Technology Company, Ltd., Class A	15,064		88,641
Lufax Holding, Ltd., ADR	28,800		58,752
Luxshare Precision Industry Company, Ltd., Class A	15,495		68,448
Luzhou Laojiao Company, Ltd., Class A	3,300		121,870
Mango Excellent Media Company, Ltd., Class A	3,300		17,892
Maxscend Microelectronics Company, Ltd., Class A	1,440		26,110
Meinian Onehealth Healthcare Holdings Company, Ltd., Class A (A)	8,300		9,094
Meituan, Class B (A)(C)	171,900		3,118,647
Metallurgical Corp. of China, Ltd., Class A	28,700		16,286
Microport Scientific Corp. (A)	25,019		58,926
MINISO Group Holding, Ltd., ADR	3,200		56,768
Minth Group, Ltd.	26,000		78,914
Muyuan Foods Company, Ltd., Class A	9,282		66,101
NARI Technology Company, Ltd., Class A	14,832		58,479
NAURA Technology Group Company, Ltd., Class A	1,100		42,684
NetEase, Inc.	71,000		1,253,355
New China Life Insurance Company, Ltd., Class A	4,600		20,394
New China Life Insurance Company, Ltd., H Shares	29,500		70,063
New Hope Liuhe Company, Ltd., Class A (A)	6,800		13,095
New Oriental Education & Technology Group, Inc. (A)	51,000		195,715
NIO, Inc., ADR (A)	45,100		474,001
Nongfu Spring Company, Ltd., H Shares (C)	60,400		348,255
Orient Securities Company, Ltd., Class A	12,288		17,529
PDD Holdings, Inc., ADR (A)	15,900		1,206,810
Perfect World Company, Ltd., Class A	4,350		10,776
PetroChina Company, Ltd., Class A	36,000		30,997
PetroChina Company, Ltd., H Shares	712,261		420,757
Pharmaron Beijing Company, Ltd., H Shares (C)	6,300		26,366
PICC Property & Casualty Company, Ltd., H Shares	252,363		257,438
Ping An Bank Company, Ltd., Class A	38,200		69,610
Ping An Healthcare and Technology Company, Ltd. (A)(C)	17,400		43,815
Ping An Insurance Group Company of China, Ltd., Class A	24,100		159,654
Ping An Insurance Group Company of China, Ltd., H Shares	224,790		1,454,215
Poly Developments and Holdings Group Company, Ltd., Class A	26,500		54,406
Pop Mart International Group, Ltd. (C)	19,200		52,284
Postal Savings Bank of China Company, Ltd., H Shares (C)	331,000		196,302

 

94

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Power Construction Corp. of China, Ltd., Class A	20,500	$	21,257
Raytron Technology Company, Ltd., Class A	2,601		18,525
Rongsheng Petrochemical Company, Ltd., Class A	13,950		30,743
SAIC Motor Corp., Ltd., Class A	17,300		36,205
Sangfor Technologies, Inc., Class A	700		15,095
Sany Heavy Equipment International Holdings Company, Ltd.	38,000		39,497
Sany Heavy Industry Company, Ltd., Class A	18,600		46,219
Seazen Holdings Company, Ltd., Class A (A)	5,000		11,857
SF Holding Company, Ltd., Class A	10,100		81,311
Shaanxi Coal Industry Company, Ltd., Class A	13,400		39,660
Shandong Gold Mining Company, Ltd., Class A	5,880		18,850
Shandong Gold Mining Company, Ltd., H Shares (C)	21,500		43,683
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares	80,000		127,833
Shanghai Baosight Software Company, Ltd., Class B	22,880		75,653
Shanghai Fosun Pharmaceutical Group Company, Ltd., Class A	3,200		15,106
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares	17,500		49,756
Shanghai International Airport Company, Ltd., Class A (A)	1,600		12,981
Shanghai International Port Group Company, Ltd., Class A	13,700		11,061
Shanghai Lujiazui Finance & Trade Zone Development Company, Ltd., B Shares	39,240		30,334
Shanghai M&G Stationery, Inc., Class A	2,000		14,291
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	31,100		58,078
Shanghai Pudong Development Bank Company, Ltd., Class A	65,300		68,342
Shanxi Xinghuacun Fen Wine Factory Company, Ltd., Class A	1,960		77,505
Shengyi Technology Company, Ltd., Class A	5,100		13,719
Shennan Circuits Company, Ltd., Class A	1,120		15,064
Shenwan Hongyuan Group Company, Ltd., Class A	36,200		21,985
Shenzhen Inovance Technology Company, Ltd., Class A	5,550		56,858
Shenzhen Kangtai Biological Products Company, Ltd., Class A	2,240		10,317
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A	2,500		113,430
Shenzhen Overseas Chinese Town Company, Ltd., Class A	13,200		9,265
Shenzhou International Group Holdings, Ltd.	28,300		296,872
Sichuan Chuantou Energy Company, Ltd., Class A	9,800		18,883
Silergy Corp.	12,000		190,519
Sinopharm Group Company, Ltd., H Shares	42,800		129,332
Smoore International Holdings, Ltd. (C)	62,000		79,372

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Songcheng Performance Development Company, Ltd., Class A	5,760	$	13,664
Sunac China Holdings, Ltd. (A)(E)	87,000		45,684
Sungrow Power Supply Company, Ltd., Class A	3,000		45,877
Sunny Optical Technology Group Company, Ltd.	24,400		294,426
TAL Education Group, ADR (A)	12,800		82,048
TCL Technology Group Corp., Class A	21,800		14,048
TCL Zhonghuan Renewable Energy Technology Company, Ltd., Class A	6,600		46,503
Tencent Holdings, Ltd.	214,000		10,458,035
Tencent Music Entertainment Group, ADR (A)	25,200		208,656
The People's Insurance Company Group of China, Ltd., H Shares	265,000		88,426
Thunder Software Technology Company, Ltd., Class A	900		14,204
Tingyi Cayman Islands Holding Corp.	76,000		127,183
Tongcheng Travel Holdings, Ltd. (A)	41,600		90,553
Tongwei Company, Ltd., Class A	6,200		35,129
Topsports International Holdings, Ltd. (C)	64,000		58,339
TravelSky Technology, Ltd., H Shares	31,000		57,764
Trip.com Group, Ltd., ADR (A)	18,900		711,963
Tsingtao Brewery Company, Ltd., H Shares	22,000		240,465
Unigroup Guoxin Microelectronics Company, Ltd., Class A	1,679		27,159
Uni-President China Holdings, Ltd.	46,000		46,394
Unisplendour Corp., Ltd., Class A	5,320		22,716
Vipshop Holdings, Ltd., ADR (A)	15,300		232,254
Walvax Biotechnology Company, Ltd., Class A	3,400		17,049
Wanhua Chemical Group Company, Ltd., Class A	7,000		97,564
Weibo Corp., ADR (A)	2,390		47,943
Weichai Power Company, Ltd., Class A	9,600		17,630
Weichai Power Company, Ltd., H Shares	64,720		103,852
Wens Foodstuffs Group Company, Ltd., Class A	14,160		42,181
Will Semiconductor Company, Ltd., Class A	4,185		55,644
Wuliangye Yibin Company, Ltd., Class A	8,600		245,706
WUS Printed Circuit Kunshan Company, Ltd., Class A	4,180		13,084
WuXi AppTec Company, Ltd., Class A	5,544		64,109
WuXi AppTec Company, Ltd., H Shares (C)	12,106		126,784
WuXi Biologics Cayman, Inc. (A)(C)	122,500		754,840
Wuxi Shangji Automation Company, Ltd., Class A	1,540		22,911
Xiaomi Corp., Class B (A)(C)	522,200		803,640
Xinjiang Goldwind Science & Technology Company, Ltd., Class A	7,700		12,384
Xinyi Solar Holdings, Ltd.	172,835		207,194
XPeng, Inc., ADR (A)	14,400		159,984
Xtep International Holdings, Ltd.	45,000		57,315
Yadea Group Holdings, Ltd. (C)	42,000		108,189
Yankuang Energy Group Company, Ltd., H Shares	49,990		178,987
Yihai International Holding, Ltd. (A)	16,000		47,010
Yonyou Network Technology Company, Ltd., Class A	5,200		19,066
Yum China Holdings, Inc.	15,400		976,206

 

95

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Yunda Holding Company, Ltd., Class A	3,120	$	5,366
Yunnan Baiyao Group Company, Ltd., Class A	3,920		31,201
Yunnan Energy New Material Company, Ltd., Class A	1,800		29,869
Zai Lab, Ltd., ADR (A)	3,100		103,106
Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., Class A	1,000		41,370
Zhaojin Mining Industry Company, Ltd., H Shares (A)	40,000		60,660
Zhejiang Chint Electrics Company, Ltd., Class A	4,800		19,547
Zhejiang Dahua Technology Company, Ltd., Class A	4,800		15,801
Zhejiang Expressway Company, Ltd., H Shares	49,718		39,556
Zhejiang Huayou Cobalt Company, Ltd., Class A	3,300		26,443
Zhejiang Jingsheng Mechanical & Electrical Company, Ltd., Class A	2,600		24,793
Zhejiang NHU Company, Ltd., Class A	6,912		18,053
Zhejiang Supor Company, Ltd., Class A	1,200		9,447
ZhongAn Online P&C Insurance Company, Ltd., H Shares (A)(C)	24,300		76,362
Zhongsheng Group Holdings, Ltd.	20,000		98,548
Zhuzhou CRRC Times Electric Company, Ltd.	18,000		78,316
Zijin Mining Group Company, Ltd., Class A	27,800		49,954
Zijin Mining Group Company, Ltd., H Shares	193,469		322,776
Zoomlion Heavy Industry Science and Technology Company, Ltd., Class A	14,300		12,929
ZTE Corp., Class A	7,600		36,020
ZTE Corp., H Shares	25,887		75,872
ZTO Express Cayman, Inc., ADR	15,400		441,364
			64,128,837
Colombia - 0.0%
Bancolombia SA, ADR	3,847		96,675
Czech Republic - 0.1%
CEZ AS	5,524		268,173
Komercni banka AS	3,440		114,142
Moneta Money Bank AS (C)	17,731		71,159
			453,474
Denmark - 2.0%
A.P. Moller - Maersk A/S, Series A	118		209,337
A.P. Moller - Maersk A/S, Series B	184		334,459
Carlsberg A/S, Class B	3,694		573,187
Chr. Hansen Holding A/S	4,006		304,738
Coloplast A/S, B Shares	4,360		574,070
Danske Bank A/S (A)	26,235		527,817
Demant A/S (A)	3,300		115,851
DSV A/S	6,560		1,271,968
Genmab A/S (A)	2,393		904,567
Novo Nordisk A/S, B Shares	56,527		8,977,696
Novozymes A/S, B Shares	7,605		389,400
Orsted A/S (C)	6,916		589,713
Pandora A/S	3,738		358,804
ROCKWOOL A/S, B Shares	352		86,317
Tryg A/S	13,079		285,980
Vestas Wind Systems A/S	36,668		1,068,667
			16,572,571

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Egypt - 0.0%
Commercial International Bank Egypt SAE	103,464	$	171,246
Finland - 0.8%
Elisa OYJ	4,868		293,597
Fortum OYJ	16,798		257,322
Kesko OYJ, B Shares	9,211		197,957
Kone OYJ, B Shares	11,833		617,141
Metso Outotec OYJ	22,595		246,725
Neste OYJ	14,709		726,685
Nokia OYJ	128,632		631,443
Nokia OYJ (Euronext Paris Exchange)	56,247		276,059
Nordea Bank ABP	1,569		16,765
Nordea Bank ABP (Nasdaq Stockholm Exchange)	108,931		1,163,197
Orion OYJ, Class B	3,379		151,035
Sampo OYJ, A Shares	17,039		803,991
Stora Enso OYJ, R Shares	20,482		266,469
UPM-Kymmene OYJ	19,972		670,822
Wartsila OYJ ABP	15,222		143,655
			6,462,863
France - 7.8%
Accor SA (A)	6,145		199,781
Aeroports de Paris	1,190		169,887
Air Liquide SA	17,904		2,996,941
Airbus SE	20,253		2,705,155
Alstom SA	12,058		328,296
Amundi SA (C)	2,415		152,168
Arkema SA	1,999		197,376
AXA SA	66,380		2,025,766
BioMerieux	1,432		150,957
BNP Paribas SA	38,662		2,308,811
Bollore SE	32,561		201,281
Bouygues SA	8,158		275,139
Bureau Veritas SA	10,297		295,860
Capgemini SE	5,786		1,075,249
Carrefour SA	23,459		474,286
Cie de Saint-Gobain	18,075		1,027,453
Cie Generale des Etablissements Michelin SCA	23,852		729,118
Covivio	2,169		126,172
Credit Agricole SA	45,282		510,837
Danone SA	22,299		1,387,530
Dassault Aviation SA	980		193,874
Dassault Systemes SE	24,046		991,927
Edenred	8,717		515,916
Eiffage SA	3,075		332,766
Engie SA	66,203		1,047,647
EssilorLuxottica SA	10,020		1,806,843
Eurazeo SE	1,666		118,587
Gecina SA	1,814		188,295
Getlink SE	16,925		278,750
Hermes International	1,082		2,191,337
Ipsen SA	1,496		164,728
Kering SA	2,569		1,676,095
Klepierre SA	8,046		182,421
La Francaise des Jeux SAEM (C)	3,888		162,043
Legrand SA	9,699		886,224
L'Oreal SA	8,231		3,677,978
LVMH Moet Hennessy Louis Vuitton SE	9,451		8,675,191
Orange SA	72,639		862,968
Pernod Ricard SA	7,161		1,621,479
Publicis Groupe SA	8,401		655,783
Remy Cointreau SA	936		170,431
Renault SA (A)	7,048		287,251
Safran SA	11,681		1,729,224

 

96

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Sanofi	39,156	$	4,247,611
Sartorius Stedim Biotech	1,029		315,694
Schneider Electric SE	17,968		3,002,895
Schneider Electric SE (Euronext London Exchange)	623		103,912
SEB SA	1,019		115,947
Societe Generale SA	29,342		661,118
Sodexo SA	3,211		313,622
Teleperformance	2,141		517,341
Thales SA	4,046		598,191
TotalEnergies SE	84,703		4,994,426
Unibail-Rodamco-Westfield (A)	3,595		193,434
Unibail-Rodamco-Westfield, CHESS Depositary Interest (A)	27,093		72,869
Valeo	7,687		157,736
Veolia Environnement SA	23,848		735,886
Vinci SA	18,446		2,114,703
Vivendi SE	29,108		294,328
Wendel SE	1,176		124,350
Worldline SA (A)(C)	8,877		377,261
			64,697,145
Germany - 5.2%
adidas AG	5,907		1,047,153
Allianz SE	14,190		3,275,578
BASF SE	31,532		1,655,395
Bayer AG	33,683		2,151,733
Bayerische Motoren Werke AG	11,277		1,235,949
Bechtle AG	3,255		155,874
Beiersdorf AG	3,796		493,814
Brenntag SE	5,855		440,627
Carl Zeiss Meditec AG, Bearer Shares	1,435		199,884
Commerzbank AG (A)	37,723		397,159
Continental AG	4,116		308,411
Covestro AG (C)	7,081		293,249
Daimler Truck Holding AG (A)	15,182		512,380
Delivery Hero SE (A)(C)	4,351		148,435
Deutsche Bank AG	70,362		715,528
Deutsche Boerse AG	6,468		1,259,391
Deutsche Lufthansa AG (A)	23,929		266,152
Deutsche Post AG	33,981		1,591,529
Deutsche Telekom AG	110,734		2,683,351
E.ON SE	76,314		952,000
Evonik Industries AG	8,081		170,018
Fresenius Medical Care AG & Company KGaA	6,818		289,386
Fresenius SE & Company KGaA	15,618		421,739
GEA Group AG	5,882		268,324
Hannover Rueck SE	1,990		389,207
HeidelbergCement AG	5,549		405,174
HelloFresh SE (A)	4,739		113,013
Henkel AG & Company KGaA	3,884		282,550
Infineon Technologies AG	44,694		1,835,376
Knorr-Bremse AG	2,779		185,113
LEG Immobilien SE	2,174		119,475
Mercedes-Benz Group AG	27,413		2,108,145
Merck KGaA	4,683		873,078
MTU Aero Engines AG	1,991		498,230
Muenchener Rueckversicherungs-Gesellschaft AG	4,786		1,673,364
Nemetschek SE	2,010		138,753
Puma SE	3,943		244,437
Rational AG	207		139,143
Rheinmetall AG	1,488		440,822
RWE AG	21,783		937,291
SAP SE	35,971		4,542,097

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Scout24 SE (C)	3,211	$	190,988
Siemens AG	26,349		4,268,659
Siemens Energy AG (A)	15,127		333,574
Siemens Healthineers AG (C)	10,330		595,548
Symrise AG	4,743		516,154
Telefonica Deutschland Holding AG	44,170		135,967
United Internet AG	4,503		77,623
Volkswagen AG	1,264		216,809
Vonovia SE	21,505		405,044
Zalando SE (A)(C)	5,865		245,806
			42,844,499
Greece - 0.1%
Alpha Services and Holdings SA (A)	74,045		91,004
Eurobank Ergasias Services and Holdings SA (A)	85,715		113,572
FF Group (A)(E)	1,869		3,040
Hellenic Telecommunications Organization SA	8,503		124,534
JUMBO SA	5,651		119,915
Motor Oil Hellas Corinth Refineries SA	2,077		53,312
Mytilineos SA	3,417		97,413
National Bank of Greece SA (A)	18,750		91,294
OPAP SA	9,908		158,915
Public Power Corp. SA (A)	6,989		60,831
			913,830
Hong Kong - 2.3%
AIA Group, Ltd.	413,200		4,333,376
Alibaba Health Information Technology, Ltd. (A)	162,000		116,838
Beijing Enterprises Holdings, Ltd.	19,786		71,221
Beijing Enterprises Water Group, Ltd.	198,000		49,476
BOC Hong Kong Holdings, Ltd.	132,328		411,971
Bosideng International Holdings, Ltd.	108,000		60,265
Budweiser Brewing Company APAC, Ltd. (C)	67,400		205,120
China Common Rich Renewable Energy Investments, Ltd. (A)(E)	428,695		11,741
China Everbright Environment Group, Ltd.	117,851		50,548
China Gas Holdings, Ltd.	104,200		146,707
China Jinmao Holdings Group, Ltd.	242,563		47,221
China Medical System Holdings, Ltd.	48,300		76,206
China Mengniu Dairy Company, Ltd. (A)	108,004		442,757
China Merchants Port Holdings Company, Ltd.	50,141		76,976
China Overseas Land & Investment, Ltd.	131,382		316,956
China Overseas Property Holdings, Ltd.	45,000		54,900
China Power International Development, Ltd.	185,000		73,668
China Resources Beer Holdings Company, Ltd.	55,979		449,702
China Resources Cement Holdings, Ltd.	88,000		43,213
China Resources Gas Group, Ltd.	30,000		110,352
China Resources Land, Ltd.	110,964		505,312
China Resources Power Holdings Company, Ltd.	68,244		145,605
China Ruyi Holdings, Ltd. (A)	156,000		40,798
China State Construction International Holdings, Ltd.	71,250		80,607
China Taiping Insurance Holdings Company, Ltd.	60,500		64,330
China Traditional Chinese Medicine Holdings Company, Ltd.	80,000		41,913
Chow Tai Fook Jewellery Group, Ltd.	80,800		160,557
CK Asset Holdings, Ltd.	73,046		442,854

 

97

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
CK Hutchison Holdings, Ltd.	97,163	$	601,113
CK Infrastructure Holdings, Ltd.	24,772		134,781
CLP Holdings, Ltd.	59,400		429,232
COSCO SHIPPING Ports, Ltd.	63,353		42,363
ESR Group, Ltd. (C)	75,200		134,855
Far East Horizon, Ltd.	66,000		59,268
Futu Holdings, Ltd., ADR (A)	1,700		88,145
Galaxy Entertainment Group, Ltd. (A)	80,000		535,133
GCL Technology Holdings, Ltd. (A)	694,000		179,624
Geely Automobile Holdings, Ltd.	206,000		265,456
Guangdong Investment, Ltd.	99,220		101,499
Hang Lung Properties, Ltd.	74,326		139,080
Hang Seng Bank, Ltd.	27,319		388,349
Henderson Land Development Company, Ltd.	55,324		191,410
HKT Trust & HKT, Ltd.	145,233		192,794
Hong Kong & China Gas Company, Ltd.	404,091		355,767
Hong Kong Exchanges & Clearing, Ltd.	41,214		1,826,799
Hongkong Land Holdings, Ltd.	44,100		194,016
Jardine Matheson Holdings, Ltd.	5,400		262,668
Kingboard Holdings, Ltd.	22,500		69,183
Kingboard Laminates Holdings, Ltd.	36,500		38,152
Kunlun Energy Company, Ltd.	134,000		104,618
Link REIT	90,646		582,875
MTR Corp., Ltd.	57,605		278,018
New World Development Company, Ltd.	57,618		154,451
Nine Dragons Paper Holdings, Ltd.	55,000		41,177
Orient Overseas International, Ltd.	4,500		86,379
Power Assets Holdings, Ltd.	51,582		276,728
Shenzhen International Holdings, Ltd.	42,351		37,473
Shimao Group Holdings, Ltd. (A)(E)	41,500		21,030
Sino Biopharmaceutical, Ltd.	346,500		194,212
Sino Land Company, Ltd.	136,732		184,906
SITC International Holdings Company, Ltd.	52,000		111,756
Sun Hung Kai Properties, Ltd.	49,630		695,297
Swire Pacific, Ltd., Class A	18,163		139,582
Swire Properties, Ltd.	43,628		112,286
Techtronic Industries Company, Ltd.	49,500		536,338
Vinda International Holdings, Ltd.	12,000		28,961
Want Want China Holdings, Ltd.	163,000		104,872
WH Group, Ltd. (C)	320,343		190,972
Wharf Real Estate Investment Company, Ltd.	62,876		362,000
Xinyi Glass Holdings, Ltd.	71,000		127,012
Yuexiu Property Company, Ltd.	48,800		73,787
			19,305,607
Hungary - 0.1%
MOL Hungarian Oil & Gas PLC	12,392		90,756
OTP Bank NYRT	7,225		206,270
Richter Gedeon NYRT	4,794		100,095
			397,121
India - 3.5%
ABB India, Ltd.	1,809		73,998
ACC, Ltd.	2,508		50,914
Adani Enterprises, Ltd.	9,077		193,308
Adani Green Energy, Ltd. (A)	10,747		116,537
Adani Ports & Special Economic Zone, Ltd.	16,979		131,144
Adani Power, Ltd. (A)	26,354		61,536
Adani Total Gas, Ltd.	9,077		96,386
Adani Transmission, Ltd. (A)	9,077		110,874
Ambuja Cements, Ltd. (A)	22,913		102,261
Apollo Hospitals Enterprise, Ltd.	3,469		182,238
Asian Paints, Ltd.	12,839		432,936

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
AU Small Finance Bank, Ltd. (C)	5,380	$	37,983
Aurobindo Pharma, Ltd.	9,153		57,637
Avenue Supermarts, Ltd. (A)(C)	5,887		245,001
Axis Bank, Ltd.	80,176		838,615
Bajaj Auto, Ltd.	2,394		112,992
Bajaj Finance, Ltd.	9,199		630,990
Bajaj Finserv, Ltd.	13,150		203,566
Bajaj Holdings & Investment, Ltd.	912		66,007
Balkrishna Industries, Ltd.	2,904		69,270
Bandhan Bank, Ltd. (A)(C)	22,207		53,092
Bank of Baroda	35,251		72,773
Berger Paints India, Ltd.	8,085		57,126
Bharat Electronics, Ltd.	121,575		144,622
Bharat Forge, Ltd.	9,316		87,640
Bharat Petroleum Corp., Ltd.	29,814		125,074
Bharti Airtel, Ltd.	75,053		685,817
Britannia Industries, Ltd.	3,618		190,677
CG Power & Industrial Solutions, Ltd.	20,819		76,029
Cholamandalam Investment and Finance Company, Ltd.	13,536		125,557
Cipla, Ltd.	18,101		198,670
Coal India, Ltd.	53,104		138,172
Colgate-Palmolive India, Ltd.	4,075		74,905
Container Corp. of India, Ltd.	9,153		64,724
Dabur India, Ltd.	21,327		142,157
Divi's Laboratories, Ltd.	4,431		152,772
DLF, Ltd.	20,605		89,597
Dr. Reddy's Laboratories, Ltd., ADR	3,708		211,096
Eicher Motors, Ltd.	4,712		169,490
GAIL India, Ltd., GDR	14,931		113,330
Godrej Consumer Products, Ltd. (A)	11,997		141,587
Godrej Properties, Ltd. (A)	4,161		52,275
Grasim Industries, Ltd.	8,313		165,850
Havells India, Ltd.	7,516		109,188
HCL Technologies, Ltd.	32,359		429,664
HDFC Life Insurance Company, Ltd. (C)	32,478		198,217
Hero MotoCorp, Ltd.	4,200		120,051
Hindalco Industries, Ltd.	56,656		279,418
Hindustan Petroleum Corp., Ltd.	20,412		59,112
Hindustan Unilever, Ltd.	27,831		869,024
Housing Development Finance Corp., Ltd.	58,802		1,881,716
ICICI Bank, Ltd.	94,927		1,014,027
ICICI Bank, Ltd., ADR	41,314		891,556
ICICI Lombard General Insurance Company, Ltd. (C)	8,559		111,498
ICICI Prudential Life Insurance Company, Ltd. (C)	11,948		63,184
Indian Oil Corp., Ltd.	97,345		92,706
Indian Railway Catering & Tourism Corp., Ltd.	7,983		55,754
Indraprastha Gas, Ltd.	10,515		55,059
Indus Towers, Ltd.	29,936		52,005
Info Edge India, Ltd.	2,660		124,631
Infosys, Ltd., ADR	113,913		1,986,643
InterGlobe Aviation, Ltd. (A)(C)	3,319		77,506
ITC, Ltd.	101,934		476,564
Jindal Steel & Power, Ltd.	13,940		92,743
JSW Steel, Ltd.	27,061		227,437
Jubilant Foodworks, Ltd.	12,635		67,833
Kotak Mahindra Bank, Ltd.	19,140		404,711
Larsen & Toubro, Ltd.	23,070		609,202
LTIMindtree, Ltd. (C)	3,348		194,429
Lupin, Ltd.	7,740		61,122
Mahindra & Mahindra, Ltd., GDR	28,458		398,620

 

98

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Marico, Ltd.	17,795	$	103,645
Maruti Suzuki India, Ltd.	4,543		459,973
Mphasis, Ltd.	2,804		61,591
MRF, Ltd.	64		65,553
Muthoot Finance, Ltd.	4,018		48,119
Nestle India, Ltd.	1,140		273,382
NTPC, Ltd.	133,259		285,313
Oil & Natural Gas Corp., Ltd.	90,136		166,059
Page Industries, Ltd.	194		89,652
Petronet LNG, Ltd.	21,320		59,580
PI Industries, Ltd.	2,778		102,701
Pidilite Industries, Ltd.	5,254		150,546
Power Grid Corp. of India, Ltd.	108,193		297,600
Reliance Capital, Ltd., GDR (A)(C)	4,327		421
Reliance Industries, Ltd.	19,318		549,276
Reliance Industries, Ltd., GDR (C)	42,342		2,388,883
Samvardhana Motherson International, Ltd.	55,959		45,877
SBI Cards & Payment Services, Ltd.	7,827		70,335
SBI Life Insurance Company, Ltd. (C)	15,378		206,103
Shree Cement, Ltd.	373		118,263
Shriram Finance, Ltd.	6,993		107,577
Siemens, Ltd.	2,378		96,542
SRF, Ltd.	4,927		144,467
State Bank of India, GDR	5,914		374,992
Sun Pharmaceutical Industries, Ltd.	32,788		392,515
Tata Consultancy Services, Ltd.	31,616		1,238,545
Tata Consumer Products, Ltd.	22,130		191,818
Tata Elxsi, Ltd.	1,170		85,235
Tata Motors, Ltd. (A)	19,116		98,535
Tata Steel, Ltd., GDR	23,852		309,489
Tech Mahindra, Ltd.	22,395		302,160
The Indian Hotels Company, Ltd.	29,101		115,082
The Tata Power Company, Ltd.	47,830		111,416
Titan Company, Ltd.	12,240		375,942
Torrent Pharmaceuticals, Ltd.	3,534		66,037
Trent, Ltd.	6,052		101,640
Tube Investments of India, Ltd.	3,625		112,916
TVS Motor Company, Ltd.	7,300		95,755
UltraTech Cement, Ltd.	2,456		227,747
UltraTech Cement, Ltd., GDR	1,026		95,158
United Spirits, Ltd. (A)	10,125		93,577
UPL, Ltd.	17,118		149,662
Varun Beverages, Ltd.	7,763		131,089
Vedanta, Ltd.	25,335		85,133
Wipro, Ltd., ADR	51,326		230,454
Yes Bank, Ltd. (A)	334,558		61,233
Zomato, Ltd. (A)	52,192		32,669
			29,121,102
Indonesia - 0.5%
Adaro Energy Indonesia Tbk PT	315,000		61,062
Aneka Tambang Tbk	287,300		40,103
Astra International Tbk PT	679,000		272,069
Bank Central Asia Tbk PT	1,804,500		1,055,712
Bank Mandiri Persero Tbk PT	715,674		492,846
Bank Negara Indonesia Persero Tbk PT	276,500		173,017
Bank Rakyat Indonesia Persero Tbk PT	2,374,148		752,255
Barito Pacific Tbk PT	1,278,057		70,467
Charoen Pokphand Indonesia Tbk PT	276,000		91,956
Indah Kiat Pulp & Paper Tbk PT	97,300		48,765
Indofood CBP Sukses Makmur Tbk PT	114,400		76,174
Indofood Sukses Makmur Tbk PT	147,500		61,066
Kalbe Farma Tbk PT	855,000		119,829
Merdeka Copper Gold Tbk PT (A)	511,905		143,357
Sarana Menara Nusantara Tbk PT	949,300		58,723

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Semen Indonesia Persero Tbk PT	126,835	$	53,400
Sumber Alfaria Trijaya Tbk PT	567,500		109,187
Telkom Indonesia Persero Tbk PT	1,600,100		434,496
Telkom Indonesia Persero Tbk PT, ADR	358		9,763
Unilever Indonesia Tbk PT	332,500		96,467
United Tractors Tbk PT	55,279		107,429
Vale Indonesia Tbk PT (A)	84,900		37,725
			4,365,868
Ireland - 0.7%
AerCap Holdings NV (A)	4,600		258,658
AIB Group PLC	36,515		147,797
Bank of Ireland Group PLC	36,548		369,805
CRH PLC	27,337		1,381,079
DCC PLC	3,819		222,613
Experian PLC	31,438		1,035,177
Flutter Entertainment PLC (A)	505		91,896
Flutter Entertainment PLC (London Stock Exchange) (A)	5,220		941,903
James Hardie Industries PLC, CHESS Depositary Interest	15,679		337,470
Kerry Group PLC, Class A (London Stock Exchange)	5,738		572,813
Kingspan Group PLC	3,973		265,248
Smurfit Kappa Group PLC	8,017		290,663
			5,915,122
Israel - 0.4%
Azrieli Group, Ltd.	1,424		81,821
Bank Hapoalim BM	40,928		340,623
Bank Leumi Le-Israel BM	54,437		411,804
Bezeq The Israeli Telecommunication Corp., Ltd.	70,881		96,500
Check Point Software Technologies, Ltd. (A)	3,516		457,080
CyberArk Software, Ltd. (A)	1,300		192,374
Elbit Systems, Ltd.	908		154,642
First International Bank of Israel, Ltd.	1,881		66,583
ICL Group, Ltd.	27,153		183,977
Isracard, Ltd.	1		2
Israel Discount Bank, Ltd., Class A	41,515		203,931
Mizrahi Tefahot Bank, Ltd.	5,543		173,767
Nice, Ltd. (A)	2,200		501,156
Teva Pharmaceutical Industries, Ltd. (A)	33,126		294,146
Teva Pharmaceutical Industries, Ltd., ADR (A)	5,800		51,330
Tower Semiconductor, Ltd. (A)	3,727		158,874
Wix.com, Ltd. (A)	1,900		189,620
			3,558,230
Italy - 1.4%
Amplifon SpA	4,902		169,907
Assicurazioni Generali SpA	40,288		802,726
Davide Campari-Milano NV	19,587		238,998
DiaSorin SpA	1,028		108,333
Enel SpA	277,871		1,694,729
Eni SpA	85,367		1,190,565
Ferrari NV	4,565		1,237,046
FinecoBank Banca Fineco SpA	22,882		350,579
Infrastrutture Wireless Italiane SpA (C)	13,854		182,019
Intesa Sanpaolo SpA	593,427		1,523,003
Mediobanca Banca di Credito Finanziario SpA	23,836		239,527
Moncler SpA	7,601		525,015
Nexi SpA (A)(C)	17,962		145,980
Poste Italiane SpA (C)	21,903		223,359
Prysmian SpA	9,656		405,464

 

99

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Recordati Industria Chimica e Farmaceutica SpA	4,564	$	193,055
Snam SpA	75,312		399,309
Telecom Italia SpA (A)	387,741		127,872
Terna - Rete Elettrica Nazionale	52,599		431,702
UniCredit SpA	65,599		1,236,406
			11,425,594
Japan - 14.1%
Advantest Corp.	6,500		602,591
Aeon Company, Ltd.	24,100		467,559
AGC, Inc.	7,300		272,151
Aisin Corp.	4,600		126,788
Ajinomoto Company, Inc.	16,300		567,042
ANA Holdings, Inc. (A)	6,700		145,624
Asahi Group Holdings, Ltd.	16,700		621,541
Asahi Intecc Company, Ltd.	8,900		157,247
Asahi Kasei Corp.	46,700		327,092
Astellas Pharma, Inc.	63,300		899,323
Azbil Corp.	4,200		115,036
Bandai Namco Holdings, Inc.	22,197		478,548
BayCurrent Consulting, Inc.	4,500		186,832
Bridgestone Corp.	19,300		784,018
Brother Industries, Ltd.	8,700		131,074
Canon, Inc.	33,800		752,722
Capcom Company, Ltd.	6,000		214,744
Central Japan Railway Company	5,300		632,394
Chubu Electric Power Company, Inc.	22,000		232,087
Chugai Pharmaceutical Company, Ltd.	22,700		560,523
Concordia Financial Group, Ltd.	39,100		144,121
CyberAgent, Inc.	14,400		122,009
Dai Nippon Printing Company, Ltd.	8,400		235,187
Daifuku Company, Ltd.	10,500		194,955
Dai-ichi Life Holdings, Inc.	34,000		625,038
Daiichi Sankyo Company, Ltd.	59,700		2,177,715
Daikin Industries, Ltd.	8,500		1,524,956
Daito Trust Construction Company, Ltd.	2,300		229,149
Daiwa House Industry Company, Ltd.	20,800		490,074
Daiwa House REIT Investment Corp.	78		159,823
Daiwa Securities Group, Inc.	54,400		255,387
Denso Corp.	14,700		829,777
Dentsu Group, Inc.	7,500		264,362
Disco Corp.	3,000		348,995
East Japan Railway Company	11,100		614,291
Eisai Company, Ltd.	8,800		499,836
ENEOS Holdings, Inc.	109,211		383,168
FANUC Corp.	32,500		1,173,646
Fast Retailing Company, Ltd.	6,000		1,313,475
Fuji Electric Company, Ltd.	4,600		181,656
FUJIFILM Holdings Corp.	12,200		619,308
Fujitsu, Ltd.	6,700		905,373
GLP J-REIT	165		178,353
GMO Payment Gateway, Inc.	1,500		129,866
Hakuhodo DY Holdings, Inc.	9,300		105,438
Hamamatsu Photonics KK	4,800		258,921
Hankyu Hanshin Holdings, Inc.	8,400		249,077
Hikari Tsushin, Inc.	800		112,421
Hirose Electric Company, Ltd.	1,223		160,001
Hitachi Construction Machinery Company, Ltd.	4,100		95,560
Hitachi, Ltd.	33,100		1,819,199
Honda Motor Company, Ltd.	55,800		1,475,975
Hoshizaki Corp.	3,800		140,388
Hoya Corp.	12,700		1,403,507
Hulic Company, Ltd.	15,600		128,314
Ibiden Company, Ltd.	3,600		144,372

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Idemitsu Kosan Company, Ltd.	7,206	$	157,759
Iida Group Holdings Company, Ltd.	5,000		81,633
Inpex Corp.	36,700		388,379
Isuzu Motors, Ltd.	22,400		267,702
ITOCHU Corp.	40,600		1,322,198
Itochu Techno-Solutions Corp.	3,400		83,776
Japan Airlines Company, Ltd.	6,200		120,888
Japan Exchange Group, Inc.	18,100		276,819
Japan Metropolitan Fund Investment Corp.	259		189,136
Japan Post Bank Company, Ltd.	14,000		114,344
Japan Post Holdings Company, Ltd.	81,100		658,206
Japan Post Insurance Company, Ltd.	8,300		129,363
Japan Real Estate Investment Corp.	47		187,306
Japan Tobacco, Inc.	40,900		863,953
JFE Holdings, Inc.	18,300		232,272
JSR Corp.	7,900		186,885
Kajima Corp.	16,500		199,113
Kao Corp.	17,300		673,407
KDDI Corp.	55,200		1,702,245
Keio Corp.	3,700		129,925
Keisei Electric Railway Company, Ltd.	4,800		147,851
Keyence Corp.	6,696		3,281,768
Kikkoman Corp.	5,200		265,478
Kintetsu Group Holdings Company, Ltd.	6,200		199,726
Kirin Holdings Company, Ltd.	30,500		482,534
Kobayashi Pharmaceutical Company, Ltd.	1,800		110,087
Kobe Bussan Company, Ltd.	5,500		153,572
Koei Tecmo Holdings Company, Ltd.	3,900		70,486
Koito Manufacturing Company, Ltd.	7,000		132,694
Komatsu, Ltd.	32,000		794,404
Konami Group Corp.	3,700		169,821
Kose Corp.	1,200		142,630
Kubota Corp.	37,500		568,550
Kurita Water Industries, Ltd.	3,500		160,325
Kyocera Corp.	11,700		610,342
Kyowa Kirin Company, Ltd.	9,473		206,810
Lasertec Corp.	2,600		461,967
Lixil Corp.	9,000		148,553
M3, Inc.	16,200		407,739
Makita Corp.	7,800		194,258
Marubeni Corp.	52,800		718,065
MatsukiyoCocokara & Company	3,900		206,589
Mazda Motor Corp.	20,300		187,247
McDonald's Holdings Company Japan, Ltd.	2,600		108,102
MEIJI Holdings Company, Ltd.	9,400		223,563
MINEBEA MITSUMI, Inc.	12,500		238,706
MISUMI Group, Inc.	9,800		246,257
Mitsubishi Chemical Group Corp.	46,900		278,936
Mitsubishi Corp.	43,100		1,548,861
Mitsubishi Electric Corp.	66,500		794,684
Mitsubishi Estate Company, Ltd.	41,300		491,250
Mitsubishi HC Capital, Inc.	27,500		142,003
Mitsubishi Heavy Industries, Ltd.	11,700		431,040
Mitsubishi UFJ Financial Group, Inc.	409,100		2,621,786
Mitsui & Company, Ltd.	47,700		1,486,802
Mitsui Chemicals, Inc.	6,800		175,580
Mitsui Fudosan Company, Ltd.	33,600		631,157
Mitsui OSK Lines, Ltd.	12,000		300,932
Mizuho Financial Group, Inc.	82,110		1,163,299
MonotaRO Company, Ltd.	9,000		113,361
MS&AD Insurance Group Holdings, Inc.	15,500		480,359
Murata Manufacturing Company, Ltd.	19,600		1,194,527

 

100

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
NEC Corp.	8,800	$	339,726
Nexon Company, Ltd.	16,200		386,836
NGK Insulators, Ltd.	9,000		119,345
Nidec Corp.	15,300		796,228
Nihon M&A Center Holdings, Inc.	10,400		77,952
Nintendo Company, Ltd.	38,000		1,475,981
Nippon Building Fund, Inc.	56		233,102
Nippon Express Holdings, Inc.	3,100		187,055
Nippon Paint Holdings Company, Ltd.	32,100		301,839
Nippon Prologis REIT, Inc.	80		169,364
Nippon Sanso Holdings Corp.	6,500		117,433
Nippon Shinyaku Company, Ltd.	1,700		75,013
Nippon Steel Corp.	27,800		655,565
Nippon Telegraph & Telephone Corp.	40,800		1,219,216
Nippon Yusen KK (B)	18,000		420,450
Nissan Chemical Corp.	4,600		208,918
Nissan Motor Company, Ltd.	86,400		326,989
Nisshin Seifun Group, Inc.	7,400		86,601
Nissin Foods Holdings Company, Ltd.	2,200		201,168
Nitori Holdings Company, Ltd.	2,800		338,133
Nitto Denko Corp.	5,400		349,495
Nomura Holdings, Inc.	109,800		423,314
Nomura Real Estate Holdings, Inc.	4,500		99,646
Nomura Real Estate Master Fund, Inc.	151		169,209
Nomura Research Institute, Ltd.	12,546		293,422
NTT Data Corp.	22,500		295,797
Obayashi Corp.	22,500		172,180
Obic Company, Ltd.	2,600		411,823
Odakyu Electric Railway Company, Ltd.	10,900		141,812
Oji Holdings Corp.	30,000		118,781
Olympus Corp.	42,200		741,149
Omron Corp.	6,900		403,835
Ono Pharmaceutical Company, Ltd.	14,000		291,735
Open House Group Company, Ltd.	2,700		101,250
Oracle Corp.	1,500		108,331
Oriental Land Company, Ltd.	34,000		1,164,134
ORIX Corp.	41,400		682,604
Osaka Gas Company, Ltd.	13,800		226,704
Otsuka Corp.	3,800		134,956
Otsuka Holdings Company, Ltd.	13,600		431,795
Pan Pacific International Holdings Corp.	15,000		290,194
Panasonic Holdings Corp.	80,300		718,453
Persol Holdings Company, Ltd.	6,200		124,837
Rakuten Group, Inc.	29,700		138,515
Recruit Holdings Company, Ltd.	49,300		1,356,196
Renesas Electronics Corp. (A)	40,100		580,681
Resona Holdings, Inc.	78,000		376,283
Ricoh Company, Ltd.	24,000		180,027
Rohm Company, Ltd.	3,000		250,039
SBI Holdings, Inc.	9,513		188,927
SCSK Corp.	5,400		79,066
Secom Company, Ltd.	7,800		480,696
Seiko Epson Corp.	9,600		137,165
Sekisui Chemical Company, Ltd.	13,400		190,313
Sekisui House, Ltd.	21,400		436,159
Seven & i Holdings Company, Ltd.	25,700		1,160,975
SG Holdings Company, Ltd.	12,400		183,869
Sharp Corp.	7,400		52,322
Shimadzu Corp.	9,000		282,533
Shimano, Inc.	2,600		450,803
Shimizu Corp.	21,600		122,412
Shin-Etsu Chemical Company, Ltd.	64,000		2,077,507
Shionogi & Company, Ltd.	9,700		437,524
Shiseido Company, Ltd.	14,600		684,495
Shizuoka Financial Group, Inc.	17,000		122,076

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
SMC Corp.	2,000	$	1,060,233
SoftBank Corp.	97,900		1,130,138
SoftBank Group Corp.	41,300		1,623,648
Sompo Holdings, Inc.	11,600		459,651
Sony Group Corp.	43,500		3,962,127
Square Enix Holdings Company, Ltd.	3,400		163,389
Subaru Corp.	23,000		367,163
SUMCO Corp.	12,900		194,067
Sumitomo Chemical Company, Ltd.	56,000		188,551
Sumitomo Corp.	41,300		731,644
Sumitomo Electric Industries, Ltd.	26,200		336,589
Sumitomo Metal Mining Company, Ltd.	9,200		352,028
Sumitomo Mitsui Financial Group, Inc.	44,700		1,788,786
Sumitomo Mitsui Trust Holdings, Inc.	12,600		432,885
Sumitomo Realty & Development Company, Ltd.	10,700		241,622
Suntory Beverage & Food, Ltd.	5,000		186,242
Suzuki Motor Corp.	13,600		495,277
Sysmex Corp.	6,200		406,916
T&D Holdings, Inc.	19,900		246,638
Taisei Corp.	6,600		204,197
Takeda Pharmaceutical Company, Ltd.	51,376		1,687,371
TDK Corp.	14,300		513,315
Terumo Corp.	23,500		635,565
The Chiba Bank, Ltd.	21,600		139,412
The Kansai Electric Power Company, Inc.	24,300		236,656
TIS, Inc.	7,800		206,276
Tobu Railway Company, Ltd.	6,800		162,797
Toho Company, Ltd.	4,067		155,925
Tokio Marine Holdings, Inc.	64,200		1,235,526
Tokyo Electric Power Company Holdings, Inc. (A)	50,400		180,040
Tokyo Electron, Ltd.	15,300		1,869,141
Tokyo Gas Company, Ltd.	13,900		261,226
Tokyu Corp.	17,900		238,287
Toppan, Inc.	10,300		207,569
Toray Industries, Inc.	50,800		290,613
Toshiba Corp.	13,300		446,609
Tosoh Corp.	9,300		126,382
TOTO, Ltd.	4,800		160,818
Toyota Industries Corp.	5,200		289,698
Toyota Motor Corp.	361,800		5,150,371
Toyota Tsusho Corp.	7,900		336,834
Trend Micro, Inc.	4,600		225,678
Unicharm Corp.	14,900		612,476
USS Company, Ltd.	7,770		134,806
Welcia Holdings Company, Ltd.	3,400		72,789
West Japan Railway Company	8,200		337,771
Yakult Honsha Company, Ltd.	4,943		359,160
Yamaha Corp.	4,700		181,533
Yamaha Motor Company, Ltd.	10,100		264,325
Yamato Holdings Company, Ltd.	11,000		188,818
Yaskawa Electric Corp.	8,300		364,037
Yokogawa Electric Corp.	7,886		128,412
Z Holdings Corp.	99,300		281,560
ZOZO, Inc.	4,800		109,785
			116,390,964
Jordan - 0.0%
Hikma Pharmaceuticals PLC	6,907		143,163
Luxembourg - 0.2%
ArcelorMittal SA	17,984		544,851
Aroundtown SA	4,581		6,549
Eurofins Scientific SE	4,949		331,385
Reinet Investments SCA	5,229		106,941

 

101

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Luxembourg (continued)
Tenaris SA	18,379	$	260,417
			1,250,143
Macau - 0.0%
Sands China, Ltd. (A)	92,000		319,607
Malaysia - 0.4%
AMMB Holdings BHD	59,087		50,346
Axiata Group BHD	101,690		69,555
CELCOMDIGI BHD	110,800		109,126
CIMB Group Holdings BHD	205,428		247,571
Dialog Group BHD	166,000		88,993
Gamuda BHD	62,500		57,909
Genting BHD	72,900		77,161
Genting Malaysia BHD	105,700		63,601
HAP Seng Consolidated BHD	30,200		34,937
Hong Leong Bank BHD	23,269		106,731
Hong Leong Financial Group BHD	6,104		24,878
IHH Healthcare BHD	60,500		78,809
Inari Amertron BHD	98,100		55,067
IOI Corp. BHD	114,466		99,110
Kuala Lumpur Kepong BHD	17,415		82,193
Malayan Banking BHD	163,714		318,186
Malaysia Airports Holdings BHD (A)	34,427		53,050
Maxis BHD	67,200		63,001
MISC BHD	45,780		75,048
Mr. D.I.Y Group M BHD (C)	80,550		28,359
Nestle Malaysia BHD	2,800		87,014
Petronas Chemicals Group BHD	99,800		160,378
Petronas Dagangan BHD	12,200		58,952
Petronas Gas BHD	21,200		79,229
PPB Group BHD	21,240		79,752
Press Metal Aluminium Holdings BHD	120,800		133,797
Public Bank BHD	486,890		441,856
QL Resources BHD	54,400		71,720
RHB Bank BHD	31,178		39,448
Sime Darby BHD	108,224		52,763
Sime Darby Plantation BHD	108,786		105,620
Telekom Malaysia BHD	43,415		48,258
Tenaga Nasional BHD	101,250		211,881
Top Glove Corp. BHD (A)	164,400		35,135
			3,389,434
Mexico - 0.8%
Alfa SAB de CV, Class A	98,000		62,270
America Movil SAB de CV (A)	962,732		1,015,089
Arca Continental SAB de CV	16,000		145,065
Banco del Bajio SA (C)	26,400		96,033
Cemex SAB de CV, Series CPO (A)	521,849		287,278
Coca-Cola Femsa SAB de CV	15,212		122,262
Fibra Uno Administracion SA de CV	90,200		126,290
Fomento Economico Mexicano SAB de CV	70,620		672,301
Gruma SAB de CV, Class B	7,685		113,846
Grupo Aeroportuario del Pacifico SAB de CV, B Shares	14,200		277,010
Grupo Aeroportuario del Sureste SAB de CV, B Shares	8,185		250,365
Grupo Bimbo SAB de CV, Series A	53,084		266,834
Grupo Carso SAB de CV, Series A1	15,377		76,475
Grupo Financiero Banorte SAB de CV, Series O	93,962		791,116
Grupo Financiero Inbursa SAB de CV, Series O (A)	77,038		165,533
Grupo Mexico SAB de CV, Series B	104,066		492,263
Grupo Televisa SAB, Series CPO	80,326		85,096
Industrias Penoles SAB de CV (A)	4,883		72,676

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Kimberly-Clark de Mexico SAB de CV, Class A	43,778	$	92,293
Operadora de Sites Mexicanos SAB de CV, Class A1	63,900		63,723
Orbia Advance Corp. SAB de CV	37,631		81,840
Promotora y Operadora de Infraestructura SAB de CV	5,800		57,858
Wal-Mart de Mexico SAB de CV	188,888		754,713
			6,168,229
Netherlands - 3.2%
ABN AMRO Bank NV (C)	17,297		274,288
Adyen NV (A)(C)	683		1,088,316
Aegon NV	63,955		274,570
Akzo Nobel NV	6,858		536,398
Argenx SE (A)	1,653		613,853
ASM International NV	1,355		549,998
ASML Holding NV	13,734		9,359,049
Euronext NV (C)	3,256		249,329
EXOR NV (A)	3,992		329,180
Heineken Holding NV	3,464		317,817
Heineken NV	9,397		1,009,720
IMCD NV	2,143		350,416
ING Groep NV	134,131		1,592,859
JDE Peet's NV	4,248		123,449
Just Eat Takeaway.com NV (A)(C)	2,945		56,200
Koninklijke Ahold Delhaize NV	35,791		1,222,809
Koninklijke DSM NV	6,005		710,661
Koninklijke KPN NV	126,323		446,373
Koninklijke Philips NV	31,413		576,962
NEPI Rockcastle NV	15,018		86,918
NN Group NV	10,558		383,362
OCI NV	3,599		122,006
Prosus NV (A)	28,338		2,218,990
QIAGEN NV (A)	8,350		380,315
Randstad NV	4,552		270,229
Stellantis NV	40,495		736,457
Stellantis NV (Euronext Paris Exchange)	34,423		625,560
Universal Music Group NV	26,829		679,441
Wolters Kluwer NV	9,066		1,144,466
			26,329,991
New Zealand - 0.2%
Auckland International Airport, Ltd. (A)	36,599		199,171
Fisher & Paykel Healthcare Corp., Ltd.	20,109		336,161
Mercury NZ, Ltd.	23,358		92,390
Meridian Energy, Ltd.	44,474		146,312
Spark New Zealand, Ltd.	67,539		213,977
Xero, Ltd. (A)	4,614		279,845
			1,267,856
Norway - 0.4%
Adevinta ASA (A)	8,335		59,171
Aker BP ASA	10,753		263,718
DNB Bank ASA	30,942		553,730
Equinor ASA	33,389		949,197
Gjensidige Forsikring ASA	6,934		113,387
Kongsberg Gruppen ASA	3,055		123,492
Mowi ASA	14,928		276,108
Norsk Hydro ASA	48,185		359,625
Orkla ASA	29,206		207,144
Salmar ASA	2,012		87,642
Telenor ASA	26,898		315,384
Yara International ASA	5,667		246,291
			3,554,889
Peru - 0.0%
Cia de Minas Buenaventura SAA, ADR	8,064		65,964

 

102

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Peru (continued)
Credicorp, Ltd.	2,434	$	322,237
			388,201
Philippines - 0.2%
Aboitiz Equity Ventures, Inc.	85,070		75,993
ACEN Corp. (A)	26,760		3,029
Ayala Corp.	8,920		107,192
Ayala Land, Inc.	253,800		124,389
Bank of the Philippine Islands	37,175		70,285
BDO Unibank, Inc.	92,568		219,542
International Container Terminal Services, Inc.	33,760		132,555
JG Summit Holdings, Inc.	89,355		78,878
Jollibee Foods Corp.	18,900		77,914
Manila Electric Company	8,090		46,363
Metropolitan Bank & Trust Company	65,642		70,798
Monde Nissin Corp. (C)	214,900		38,874
PLDT, Inc.	3,730		97,681
SM Investments Corp.	8,302		136,271
SM Prime Holdings, Inc.	311,044		188,198
Universal Robina Corp.	30,280		80,453
			1,548,415
Poland - 0.2%
Allegro.eu SA (A)(C)	13,472		91,986
Bank Polska Kasa Opieki SA	5,522		109,851
CD Projekt SA	2,349		60,809
Cyfrowy Polsat SA	6,360		24,712
Dino Polska SA (A)(C)	1,719		156,137
KGHM Polska Miedz SA	5,681		161,357
LPP SA	42		93,251
PGE Polska Grupa Energetyczna SA (A)	26,654		38,817
Polski Koncern Naftowy ORLEN SA	17,254		232,894
Powszechna Kasa Oszczednosci Bank Polski SA	32,873		218,165
Powszechny Zaklad Ubezpieczen SA	23,000		187,283
Santander Bank Polska SA	1,219		82,562
			1,457,824
Portugal - 0.1%
EDP - Energias de Portugal SA	91,820		500,322
Galp Energia SGPS SA	18,673		211,291
Jeronimo Martins SGPS SA	9,675		227,101
			938,714
Russia - 0.0%
Gazprom PJSC, ADR (A)(E)	251,662		33,471
Gazprom PJSC, ADR (London Stock Exchange) (A)(E)	3,680		489
LUKOIL PJSC, ADR (A)(E)	23,756		40,480
MMC Norilsk Nickel PJSC, ADR (A)(E)	39,185		22,884
Mobile TeleSystems PJSC, ADR (A)(E)	20,264		4,093
Novatek PJSC, GDR (A)(E)	3,057		13,683
Rosneft Oil Company PJSC, GDR (A)(E)	30,000		4,500
Rosneft Oil Company PJSC, GDR (London Stock Exchange) (A)(E)	9,131		1,370
Sberbank of Russia PJSC, ADR (A)(E)	40,000		13,520
Sberbank of Russia PJSC, ADR (London Stock Exchange) (A)(E)	34,900		11,733
Severstal PAO, GDR (A)(E)	4,250		1,755
Surgutneftegas PJSC, ADR (A)(E)	22,274		2,762
Surgutneftegas PJSC, ADR (London Stock Exchange) (A)(E)	23,070		2,122
Tatneft PJSC, ADR (A)(E)	7,986		6,948
VTB Bank PJSC, GDR (A)(E)	50,760		711
			160,521

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Saudi Arabia - 1.0%
ACWA Power Company	2,748	$	103,317
Advanced Petrochemical Company	4,529		57,894
Al Rajhi Bank	67,083		1,320,600
Alinma Bank	34,699		273,621
Almarai Company JSC	8,852		133,366
Arab National Bank	21,244		146,669
Bank AlBilad (A)	17,420		185,900
Bank Al-Jazira	14,284		69,618
Banque Saudi Fransi	19,205		186,316
Bupa Arabia for Cooperative Insurance Company	1,226		56,899
Dar Al Arkan Real Estate Development Company (A)	18,814		80,756
Emaar Economic City (A)	13,598		29,273
Etihad Etisalat Company	13,413		147,888
Jarir Marketing Company	2,090		91,030
Mouwasat Medical Services Company	1,674		105,130
National Industrialization Company (A)	11,652		38,132
Rabigh Refining & Petrochemical Company (A)	14,852		39,915
Riyad Bank	42,488		338,224
SABIC Agri-Nutrients Company	5,901		201,172
Sahara International Petrochemical Company	12,775		129,627
Saudi Arabian Mining Company (A)	30,500		523,458
Saudi Arabian Oil Company (C)	84,135		725,176
Saudi Basic Industries Corp.	26,663		643,420
Saudi Electricity Company	29,505		184,118
Saudi Industrial Investment Group	7,839		52,341
Saudi Kayan Petrochemical Company (A)	26,130		84,537
Saudi Research & Media Group (A)	1,230		64,777
Saudi Telecom Company	52,220		558,545
The Saudi British Bank	25,464		239,920
The Saudi Investment Bank	16,741		74,324
The Saudi National Bank	74,964		917,990
The Savola Group	9,302		69,486
Yanbu National Petrochemical Company	7,999		90,146
			7,963,585
Singapore - 1.0%
BOC Aviation, Ltd. (C)	7,400		57,386
CapitaLand Ascendas REIT	117,802		254,006
CapitaLand Integrated Commercial Trust	183,231		273,276
CapitaLand Investment, Ltd.	93,902		260,533
City Developments, Ltd.	16,600		92,113
DBS Group Holdings, Ltd.	64,154		1,594,980
Genting Singapore, Ltd.	226,200		190,914
Grab Holdings, Ltd., Class A (A)	37,400		112,574
Jardine Cycle & Carriage, Ltd.	3,400		80,067
JOYY, Inc., ADR	2,000		62,360
Keppel Corp., Ltd.	55,069		233,643
Mapletree Logistics Trust	124,150		160,149
Mapletree Pan Asia Commercial Trust	89,600		121,481
Oversea-Chinese Banking Corp., Ltd.	120,702		1,125,158
Sea, Ltd., ADR (A)	12,200		1,055,910
Sembcorp Marine, Ltd. (A)	1,050,993		94,327
Singapore Airlines, Ltd.	57,850		249,534
Singapore Exchange, Ltd.	30,900		218,818
Singapore Technologies Engineering, Ltd.	61,500		169,301
Singapore Telecommunications, Ltd.	294,940		546,486
United Overseas Bank, Ltd.	42,208		946,685
UOL Group, Ltd.	20,239		105,674
Venture Corp., Ltd.	11,100		147,735

 

103

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
Wilmar International, Ltd.	72,000	$	228,104
			8,381,214
South Africa - 0.9%
Absa Group, Ltd.	27,515		281,239
African Rainbow Minerals, Ltd.	5,157		67,071
Anglo American Platinum, Ltd.	1,813		97,325
AngloGold Ashanti, Ltd.	14,430		351,441
Aspen Pharmacare Holdings, Ltd.	13,036		134,790
Bid Corp., Ltd.	11,078		247,955
Capitec Bank Holdings, Ltd.	2,975		282,298
Clicks Group, Ltd.	8,355		120,189
Discovery, Ltd. (A)	16,080		126,149
Exxaro Resources, Ltd.	8,997		94,037
FirstRand, Ltd.	172,480		584,604
Gold Fields, Ltd.	29,492		395,064
Growthpoint Properties, Ltd.	109,582		80,491
Harmony Gold Mining Company, Ltd.	18,873		78,231
Impala Platinum Holdings, Ltd.	28,968		266,631
Kumba Iron Ore, Ltd.	2,164		54,715
Mr. Price Group, Ltd.	8,969		72,691
MTN Group, Ltd.	59,164		423,878
MultiChoice Group	15,717		109,220
Naspers, Ltd., N Shares	7,259		1,345,052
Nedbank Group, Ltd.	15,440		188,393
Northam Platinum Holdings, Ltd. (A)	11,870		96,866
Old Mutual, Ltd.	182,601		119,696
OUTsurance Group, Ltd.	28,715		56,248
Pepkor Holdings, Ltd. (C)	56,996		55,333
Remgro, Ltd.	17,781		133,849
Sanlam, Ltd.	59,860		189,966
Sasol, Ltd.	19,396		262,111
Shoprite Holdings, Ltd.	16,492		205,811
Sibanye Stillwater, Ltd.	101,051		208,652
Standard Bank Group, Ltd.	43,543		422,186
The Bidvest Group, Ltd.	9,718		137,750
The Foschini Group, Ltd.	11,309		57,729
Vodacom Group, Ltd.	21,952		150,665
Woolworths Holdings, Ltd.	33,746		121,224
			7,619,550
South Korea - 3.0%
Amorepacific Corp.	975		102,907
BGF retail Company, Ltd.	90		12,538
Celltrion Healthcare Company, Ltd.	3,301		153,771
Celltrion Pharm, Inc. (A)	597		38,320
Celltrion, Inc.	3,300		381,432
Cheil Worldwide, Inc.	1,346		19,284
CJ CheilJedang Corp.	210		52,611
CJ Corp.	456		36,553
Coway Company, Ltd.	2,324		93,796
DB Insurance Company, Ltd.	1,122		64,551
Doosan Bobcat, Inc.	1,103		37,098
Doosan Enerbility Company, Ltd. (A)	10,736		140,985
Ecopro BM Company, Ltd.	1,844		319,555
E-MART, Inc.	496		40,339
F&F Company, Ltd.	575		61,868
GS Holdings Corp.	1,749		54,254
Hana Financial Group, Inc.	11,216		351,274
Hankook Tire & Technology Company, Ltd.	1,937		51,811
Hanmi Pharm Company, Ltd.	149		29,371
Hanon Systems	4,656		31,505
Hanwha Galleria Company, Ltd. (A)	347		568
Hanwha Solutions Corp. (A)	3,078		126,966
HD Hyundai Company, Ltd.	1,555		69,478
HLB, Inc. (A)	3,069		82,569

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
HMM Company, Ltd.	8,540	$	134,288
Hotel Shilla Company, Ltd.	1,060		66,615
HYBE Company, Ltd. (A)	560		81,773
Hyundai Engineering & Construction Company, Ltd.	2,649		74,498
Hyundai Glovis Company, Ltd.	539		65,825
Hyundai Heavy Industries Company, Ltd. (A)	609		47,075
Hyundai Mobis Company, Ltd.	2,223		369,217
Hyundai Motor Company	4,857		691,018
Hyundai Steel Company	2,875		76,854
Industrial Bank of Korea	5,941		46,204
Kakao Corp.	10,511		497,789
Kakao Games Corp. (A)	994		32,215
KakaoBank Corp.	3,982		74,424
Kangwon Land, Inc.	3,612		55,402
KB Financial Group, Inc.	12,892		470,844
KB Financial Group, Inc., ADR	430		15,661
Kia Corp.	8,833		551,251
Korea Aerospace Industries, Ltd.	1,710		62,446
Korea Electric Power Corp.	6,370		88,279
Korea Electric Power Corp., ADR	4,277		29,682
Korea Investment Holdings Company, Ltd.	1,170		49,663
Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	1,127		67,393
Korea Zinc Company, Ltd.	350		148,912
Korean Air Lines Company, Ltd.	6,728		120,123
Krafton, Inc. (A)	733		104,256
KT&G Corp.	4,465		286,956
Kumho Petrochemical Company, Ltd.	614		67,917
L&F Company, Ltd.	748		181,339
LG Chem, Ltd.	1,553		852,898
LG Corp.	2,922		186,062
LG Display Company, Ltd. (A)	5,471		69,487
LG Display Company, Ltd., ADR	2,417		15,420
LG Electronics, Inc.	3,973		354,565
LG Energy Solution, Ltd. (A)	1,199		540,213
LG H&H Company, Ltd.	358		165,395
LG Innotek Company, Ltd.	575		120,585
LG Uplus Corp.	9,062		75,498
Lotte Chemical Corp.	674		99,021
Lotte Energy Materials Corp.	767		40,803
Lotte Shopping Company, Ltd.	366		23,097
Meritz Securities Company, Ltd.	14,974		70,280
Mirae Asset Securities Company, Ltd.	7,084		35,288
NAVER Corp.	4,194		657,162
NCSoft Corp.	550		157,614
Netmarble Corp. (A)(C)	515		26,404
NH Investment & Securities Company, Ltd.	3,944		26,736
Orion Corp.	569		59,719
Pan Ocean Company, Ltd.	9,148		41,008
Pearl Abyss Corp. (A)	1,020		36,587
POSCO Chemical Company, Ltd.	883		186,109
POSCO Holdings, Inc.	2,484		702,776
S-1 Corp.	252		10,710
Samsung Biologics Company, Ltd. (A)(C)	586		355,212
Samsung C&T Corp.	2,732		227,517
Samsung Electro-Mechanics Company, Ltd.	1,863		219,967
Samsung Electronics Company, Ltd.	163,163		8,068,567
Samsung Engineering Company, Ltd. (A)	6,723		164,305

 

104

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Samsung Fire & Marine Insurance Company, Ltd.	1,218	$	192,532
Samsung Heavy Industries Company, Ltd. (A)	20,659		82,368
Samsung Life Insurance Company, Ltd.	2,349		113,278
Samsung SDI Company, Ltd.	1,864		1,058,825
Samsung SDS Company, Ltd.	1,018		91,040
Samsung Securities Company, Ltd.	1,475		36,054
SD Biosensor, Inc.	1,695		27,582
Shinhan Financial Group Company, Ltd.	14,320		389,007
Shinhan Financial Group Company, Ltd., ADR	350		9,429
SK Biopharmaceuticals Company, Ltd. (A)	528		25,730
SK Bioscience Company, Ltd. (A)	763		42,464
SK Hynix, Inc.	18,713		1,280,623
SK IE Technology Company, Ltd. (A)(C)	601		33,162
SK Innovation Company, Ltd. (A)	1,900		263,300
SK Square Company, Ltd. (A)	3,395		104,210
SK, Inc.	1,269		169,084
SKC Company, Ltd.	859		75,920
S-Oil Corp.	1,876		115,559
Woori Financial Group, Inc.	16,990		149,456
Yuhan Corp.	1,359		52,910
			24,812,861
Spain - 1.7%
Acciona SA	843		169,140
ACS Actividades de Construccion y Servicios SA	8,191		260,882
Aena SME SA (A)(C)	2,789		451,007
Amadeus IT Group SA (A)	16,293		1,092,997
Banco Bilbao Vizcaya Argentaria SA (B)	207,178		1,481,197
Banco Santander SA	570,902		2,127,465
Banco Santander SA (Mexican Stock Exchange)	22,856		81,176
CaixaBank SA	163,763		638,999
Cellnex Telecom SA (A)(C)	18,545		721,175
Corp ACCIONA Energias Renovables SA	2,249		87,220
EDP Renovaveis SA	9,513		217,905
Enagas SA	9,787		188,065
Endesa SA	12,378		268,849
Ferrovial SA	18,504		544,897
Grifols SA (A)	11,763		116,434
Iberdrola SA	206,830		2,576,659
Industria de Diseno Textil SA	39,419		1,324,296
Naturgy Energy Group SA	4,969		149,585
Red Electrica Corp. SA	16,401		288,598
Repsol SA	49,663		763,715
Telefonica SA	183,426		789,986
			14,340,247
Sweden - 2.0%
Alfa Laval AB	11,168		398,777
Assa Abloy AB, B Shares	34,547		827,487
Atlas Copco AB, A Shares	92,584		1,172,886
Atlas Copco AB, B Shares	53,800		618,848
Boliden AB	9,749		382,982
Electrolux AB, Series B	9,015		109,572
Embracer Group AB (A)	21,941		102,845
Epiroc AB, A Shares	22,715		450,893
Epiroc AB, B Shares	14,979		255,399
EQT AB	6,649		135,822
Essity AB, B Shares (B)	20,983		599,356
Evolution AB (C)	6,247		836,964
Fastighets AB Balder, B Shares (A)	24,258		99,666

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Getinge AB, B Shares	8,639	$	210,690
Hennes & Mauritz AB, B Shares	25,173		359,912
Hexagon AB, B Shares	67,089		772,155
Holmen AB, B Shares	3,205		123,560
Husqvarna AB, B Shares	3,627		31,482
Industrivarden AB, A Shares	5,394		145,787
Industrivarden AB, C Shares	6,375		171,898
Indutrade AB	9,332		198,594
Investment AB Latour, B Shares	1,214		24,715
Investor AB, A Shares	17,189		350,741
Investor AB, B Shares	62,798		1,250,974
Kinnevik AB, B Shares (A)	8,775		131,212
L.E. Lundbergforetagen AB, B Shares	3,102		140,482
Lifco AB, B Shares	3,564		76,849
Nibe Industrier AB, B Shares	51,776		590,201
Sagax AB, B Shares	6,422		148,029
Sandvik AB	38,912		825,938
Securitas AB, B Shares	20,108		178,874
Skandinaviska Enskilda Banken AB, A Shares (B)	57,777		637,758
Skanska AB, B Shares	12,918		197,861
SKF AB, B Shares	14,059		276,919
Svenska Cellulosa AB SCA, B Shares	20,883		275,040
Svenska Handelsbanken AB, A Shares (B)	50,274		435,416
Swedbank AB, A Shares (B)	31,214		513,302
Swedish Orphan Biovitrum AB (A)	5,771		134,468
Tele2 AB, B Shares	17,728		176,448
Telefonaktiebolaget LM Ericsson, B Shares (B)	100,604		589,723
Telia Company AB	91,625		232,660
Volvo AB, A Shares	8,008		172,251
Volvo AB, B Shares (B)	51,555		1,062,376
Volvo Car AB, B Shares (A)	20,359		89,064
			16,516,876
Switzerland - 6.8%
ABB, Ltd.	53,671		1,846,364
Adecco Group AG	6,058		220,663
Alcon, Inc.	17,168		1,218,714
Bachem Holding AG	1,275		128,217
Baloise Holding AG	1,882		293,058
Banque Cantonale Vaudoise	1,029		97,103
Barry Callebaut AG	136		288,153
BKW AG	721		113,362
Chocoladefabriken Lindt & Spruengli AG	4		473,744
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	37		436,994
Cie Financiere Richemont SA, A Shares	17,834		2,859,792
Clariant AG (A)	8,258		136,995
Coca-Cola HBC AG (A)	8,067		220,835
Credit Suisse Group AG (B)	123,798		111,174
EMS-Chemie Holding AG	241		199,218
Geberit AG	1,305		728,774
Givaudan SA	317		1,031,768
Glencore PLC	342,145		1,968,767
Holcim, Ltd. (A)	12,218		787,955
Julius Baer Group, Ltd.	7,301		498,720
Kuehne + Nagel International AG	2,065		615,030
Logitech International SA	6,403		373,721
Lonza Group AG	2,544		1,531,487
Nestle SA	93,903		11,449,646
Novartis AG	73,871		6,782,727
Partners Group Holding AG	821		773,154
Roche Holding AG	24,003		6,858,680

 

105

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Roche Holding AG, Bearer Shares	911	$	273,747
Schindler Holding AG	806		170,565
Schindler Holding AG, Participation Certificates	1,582		350,536
SGS SA	220		485,265
SIG Group AG (A)	10,451		269,251
Sika AG	5,094		1,428,844
Sonova Holding AG	1,838		542,189
STMicroelectronics NV	24,696		1,315,900
Straumann Holding AG	3,800		569,942
Swiss Life Holding AG	1,152		710,907
Swiss Prime Site AG	3,037		252,550
Swiss Re AG	10,900		1,119,795
Swisscom AG	886		565,420
Temenos AG	2,556		177,862
The Swatch Group AG	2,395		151,859
The Swatch Group AG, Bearer Shares	1,191		410,169
UBS Group AG	114,336		2,419,441
VAT Group AG (C)	1,010		364,896
Zurich Insurance Group AG	5,140		2,463,081
			56,087,034
Taiwan - 4.0%
Accton Technology Corp.	17,000		178,672
Acer, Inc.	99,018		91,776
Advantech Company, Ltd.	13,296		162,661
ASE Technology Holding Company, Ltd.	111,338		413,182
Asia Cement Corp.	72,863		103,755
Asustek Computer, Inc.	23,952		214,898
AUO Corp.	219,061		133,088
Catcher Technology Company, Ltd.	22,184		138,679
Cathay Financial Holding Company, Ltd.	285,373		392,915
Chailease Holding Company, Ltd.	47,255		347,530
Chang Hwa Commercial Bank, Ltd.	116,003		66,225
Cheng Shin Rubber Industry Company, Ltd.	43,680		52,526
China Airlines, Ltd.	94,000		60,529
China Development Financial Holding Corp.	504,133		208,600
China Steel Corp.	403,388		409,824
Chunghwa Telecom Company, Ltd.	127,148		499,806
Compal Electronics, Inc.	139,764		116,075
CTBC Financial Holding Company, Ltd.	586,465		422,331
Delta Electronics, Inc.	64,866		643,577
E Ink Holdings, Inc.	29,000		177,006
E.Sun Financial Holding Company, Ltd.	438,483		365,156
Eclat Textile Company, Ltd.	6,259		102,196
eMemory Technology, Inc.	2,000		123,116
Eva Airways Corp.	86,000		76,319
Evergreen Marine Corp. Taiwan, Ltd.	33,826		177,159
Far Eastern New Century Corp.	109,875		113,086
Far EasTone Telecommunications Company, Ltd.	45,159		111,606
Feng TAY Enterprise Company, Ltd.	14,520		92,426
First Financial Holding Company, Ltd.	353,926		308,054
Formosa Chemicals & Fibre Corp.	117,212		266,032
Formosa Petrochemical Corp.	39,720		111,048
Formosa Plastics Corp.	128,086		386,692
Fubon Financial Holding Company, Ltd.	252,283		469,525
Giant Manufacturing Company, Ltd.	10,362		60,243
Globalwafers Company, Ltd.	7,000		119,659
Hon Hai Precision Industry Company, Ltd.	426,368		1,459,455
Hotai Motor Company, Ltd.	10,000		211,050
Hua Nan Financial Holdings Company, Ltd.	296,225		217,919

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Innolux Corp.	249,636	$	119,773
Inventec Corp.	89,899		94,491
Largan Precision Company, Ltd.	3,143		225,335
Lite-On Technology Corp.	70,626		170,008
MediaTek, Inc.	53,340		1,382,900
Mega Financial Holding Company, Ltd.	372,212		403,400
Micro-Star International Company, Ltd.	23,000		109,323
momo.com, Inc.	2,400		71,498
Nan Ya Plastics Corp.	171,992		438,118
Nan Ya Printed Circuit Board Corp.	8,000		74,992
Nanya Technology Corp.	37,000		81,153
Nien Made Enterprise Company, Ltd.	5,000		53,850
Novatek Microelectronics Corp.	19,361		275,130
Pegatron Corp.	66,989		153,717
PharmaEssentia Corp. (A)	7,000		98,508
Pou Chen Corp.	78,641		80,827
Powerchip Semiconductor Manufacturing Corp.	91,000		99,416
President Chain Store Corp.	19,496		172,784
Quanta Computer, Inc.	90,771		265,917
Realtek Semiconductor Corp.	14,999		191,453
Ruentex Development Company, Ltd.	57,600		67,082
Shin Kong Financial Holding Company, Ltd.	411,790		114,206
SinoPac Financial Holdings Company, Ltd.	360,166		196,921
Synnex Technology International Corp.	45,928		92,664
Taishin Financial Holding Company, Ltd.	358,479		196,172
Taiwan Business Bank	206,000		91,237
Taiwan Cement Corp.	184,594		220,774
Taiwan Cooperative Financial Holding Company, Ltd.	305,010		261,925
Taiwan High Speed Rail Corp.	66,000		65,604
Taiwan Mobile Company, Ltd.	55,257		183,347
Taiwan Semiconductor Manufacturing Company, Ltd.	841,227		14,742,176
The Shanghai Commercial & Savings Bank, Ltd.	120,142		185,432
Unimicron Technology Corp.	40,000		195,091
Uni-President Enterprises Corp.	161,487		381,753
United Microelectronics Corp.	388,313		679,522
Vanguard International Semiconductor Corp.	31,000		99,169
Voltronic Power Technology Corp.	2,000		113,887
Walsin Lihwa Corp.	87,735		141,306
Wan Hai Lines, Ltd.	22,770		51,534
Win Semiconductors Corp.	11,000		66,298
Winbond Electronics Corp.	102,000		89,245
Wiwynn Corp.	3,000		111,304
WPG Holdings, Ltd.	47,840		79,045
Ya Hsin Industrial Company, Ltd. (A)(E)	36,000		0
Yageo Corp.	10,015		174,583
Yang Ming Marine Transport Corp.	60,000		127,376
Yuanta Financial Holding Company, Ltd.	334,582		246,046
Zhen Ding Technology Holding, Ltd.	19,000		71,490
			33,212,178
Thailand - 0.5%
Advanced Info Service PCL	48,400		300,229
Airports of Thailand PCL (A)	163,100		338,941
Bangkok Dusit Medical Services PCL, NVDR	387,300		334,351
Bangkok Expressway & Metro PCL, NVDR	354,600		91,815
Banpu PCL, NVDR	273,700		86,576
Berli Jucker PCL, NVDR	21,300		23,878

 

106

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Thailand (continued)
BTS Group Holdings PCL, NVDR	301,600	$	62,723
Bumrungrad Hospital PCL, NVDR	15,600		103,228
Central Pattana PCL, NVDR	64,400		129,687
Central Retail Corp. PCL	45,441		59,645
Charoen Pokphand Foods PCL	136,200		84,443
CP ALL PCL	184,600		335,188
CP ALL PCL, NVDR	12,300		22,334
Electricity Generating PCL	7,600		34,606
Electricity Generating PCL, NVDR	1,400		6,375
Energy Absolute PCL	56,900		126,588
Gulf Energy Development PCL, NVDR	79,150		122,340
Home Product Center PCL	204,400		86,293
Indorama Ventures PCL, NVDR	54,900		55,473
Krung Thai Bank PCL	164,375		79,374
Krungthai Card PCL	30,800		48,930
Land & Houses PCL, NVDR	393,400		113,421
Minor International PCL, NVDR (A)	131,483		124,302
Muangthai Capital PCL, NVDR	11,300		11,445
PTT Exploration & Production PCL	60,147		264,305
PTT Global Chemical PCL	87,373		117,160
PTT PCL	391,000		360,822
PTT PCL, NVDR	10,500		9,690
Ratch Group PCL, NVDR	19,200		21,653
SCB X PCL	23,348		70,150
Thai Oil PCL	50,886		78,194
Thai Union Group PCL	95,900		39,594
The Siam Cement PCL	12,000		110,700
The Siam Cement PCL, NVDR	14,300		131,917
True Corp. PCL	269,362		66,169
			4,052,539
Turkey - 0.2%
Akbank TAS	100,286		88,737
Aselsan Elektronik Sanayi Ve Ticaret AS	14,026		38,018
BIM Birlesik Magazalar AS	16,428		127,593
Eregli Demir ve Celik Fabrikalari TAS (A)	49,091		90,836
Ford Otomotiv Sanayi AS	4,572		139,628
Haci Omer Sabanci Holding AS	34,855		72,087
Hektas Ticaret TAS (A)	38,876		54,835
KOC Holding AS	25,423		101,550
Sasa Polyester Sanayi AS (A)	15,298		79,969
Turk Hava Yollari AO (A)	18,859		116,783
Turkcell Iletisim Hizmetleri AS	38,572		64,547
Turkiye Is Bankasi AS, Class C	134,602		91,126
Turkiye Petrol Rafinerileri AS	4,998		138,365
Turkiye Sise ve Cam Fabrikalari AS	47,094		104,015
Yapi ve Kredi Bankasi AS	100,953		50,564
			1,358,653
United Arab Emirates - 0.0%
NMC Health PLC (A)	4,471		10
United Kingdom - 9.2%
3i Group PLC	35,664		743,359
abrdn PLC	41,602		104,706
Admiral Group PLC	7,357		184,740
Anglo American PLC	44,317		1,474,042
Ashtead Group PLC	16,179		993,465
Associated British Foods PLC	13,433		322,362
AstraZeneca PLC	53,030		7,347,497
Auto Trader Group PLC (C)	37,238		284,039
Aviva PLC	96,832		483,686
BAE Systems PLC	107,497		1,300,291
Barclays PLC	578,927		1,042,008
Barratt Developments PLC	38,692		222,663
BP PLC	618,282		3,907,845

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
British American Tobacco PLC	72,982	$	2,558,328
BT Group PLC	237,392		427,619
Bunzl PLC	12,530		473,288
Burberry Group PLC	15,189		486,347
CNH Industrial NV	37,712		577,040
Coca-Cola Europacific Partners PLC	6,887		407,480
Compass Group PLC	60,955		1,531,886
Croda International PLC	5,146		413,600
Diageo PLC	77,751		3,469,983
Entain PLC	21,740		337,623
GSK PLC	138,567		2,448,372
Haleon PLC	173,209		688,058
Halma PLC	13,950		385,109
Hargreaves Lansdown PLC	13,764		136,352
HSBC Holdings PLC	691,905		4,702,509
Imperial Brands PLC	30,847		709,344
Informa PLC	56,166		481,422
InterContinental Hotels Group PLC	6,814		446,081
Intertek Group PLC	6,021		301,558
J Sainsbury PLC	71,585		246,336
JD Sports Fashion PLC	47,264		104,085
Johnson Matthey PLC	7,531		184,632
Kingfisher PLC	79,556		257,164
Land Securities Group PLC	25,882		198,683
Legal & General Group PLC	217,299		642,682
Lloyds Banking Group PLC	2,429,420		1,428,366
London Stock Exchange Group PLC	11,262		1,093,869
M&G PLC	94,053		230,526
Melrose Industries PLC	165,385		340,618
Mondi PLC	13,861		220,070
Mondi PLC (Johannesburg Stock Exchange)	4,137		65,606
National Grid PLC	126,026		1,704,745
NatWest Group PLC	195,705		638,588
Next PLC	4,895		397,863
Ocado Group PLC (A)	9,905		65,585
Pearson PLC	23,325		244,093
Persimmon PLC	11,973		185,912
Phoenix Group Holdings PLC	27,163		183,524
Prudential PLC	93,830		1,284,679
Reckitt Benckiser Group PLC	24,469		1,861,531
RELX PLC	41,592		1,347,030
RELX PLC (Euronext Amsterdam Exchange)	24,869		805,464
Rentokil Initial PLC	67,951		496,620
Rio Tinto PLC	38,611		2,620,823
Rolls-Royce Holdings PLC (A)	310,208		571,357
Schroders PLC	29,188		166,442
Segro PLC	33,151		315,788
Severn Trent PLC	9,413		334,376
Shell PLC	240,460		6,852,736
Smith & Nephew PLC	32,440		450,931
Smiths Group PLC	15,498		328,692
Spirax-Sarco Engineering PLC	2,735		401,558
SSE PLC	40,596		905,848
St. James's Place PLC	20,193		303,004
Standard Chartered PLC	85,374		647,052
Taylor Wimpey PLC	139,593		205,364
Tesco PLC	261,234		856,433
The Berkeley Group Holdings PLC	4,051		209,873
The British Land Company PLC	35,353		169,576
The Sage Group PLC	34,459		330,682
Unilever PLC	87,494		4,533,830
United Utilities Group PLC	26,873		351,698
Vodafone Group PLC	946,663		1,044,256

 

107

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Whitbread PLC	7,669	$	283,301
WPP PLC	42,535		505,352
			76,009,945
United States - 0.1%
BeiGene, Ltd., ADR (A)	1,700		366,401
Brookfield Renewable Corp., Class A	5,150		180,088
Legend Biotech Corp., ADR (A)	2,100		101,262
Southern Copper Corp.	2,874		219,143
			866,894
TOTAL COMMON STOCKS (Cost $639,038,903)		$	801,423,087
PREFERRED SECURITIES - 0.8%
Brazil - 0.3%
Banco Bradesco SA	191,781		498,329
Banco BTG Pactual SA	4		4
Centrais Eletricas Brasileiras SA, B Shares	5,700		40,801
Cia Energetica de Minas Gerais	47,171		106,470
Gerdau SA	45,780		228,428
Itau Unibanco Holding SA	173,789		848,295
Itausa SA	170,619		276,709
Petroleo Brasileiro SA	165,151		764,098
			2,763,134
Germany - 0.3%
Bayerische Motoren Werke AG	2,090		213,637
Dr. Ing. h.c. F. Porsche AG (A)	3,890		499,281
Henkel AG & Company KGaA	6,583		515,017
Porsche Automobil Holding SE	5,695		326,934
Sartorius AG	833		351,075
Volkswagen AG	6,332		864,147
			2,770,091
South Korea - 0.2%
Hyundai Motor Company	705		51,253
Hyundai Motor Company, 2nd Preferred	1,197		88,419
LG Chem, Ltd.	162		38,816
Samsung Electronics Company, Ltd.	28,139		1,170,993
			1,349,481
TOTAL PREFERRED SECURITIES (Cost $7,323,831)		$	6,882,706
WARRANTS - 0.0%
BTS Group Holdings PCL (Expiration Date: 11-20-26; Strike Price: THB 14.90) (A)	60,320		283

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
WARRANTS (continued)
BTS Group Holdings PCL (Expiration Date: 11-7-24; Strike Price: THB 11.90) (A)	30,160	$	89
TOTAL WARRANTS (Cost $0)		$	372
RIGHTS - 0.0%
Localiza Rent a Car SA (Expiration Date: 5-12-23; Strike Price: BRL 41.15) (A)	91		236
TOTAL RIGHTS (Cost $0)		$	236
SHORT-TERM INVESTMENTS - 2.3%
Short-term funds - 2.3%
Fidelity Government Portfolio, Institutional Class, 4.6871% (F)	12,045,213		12,045,213
John Hancock Collateral Trust, 4.9438% (F)(G)	673,725		6,735,166
TOTAL SHORT-TERM INVESTMENTS (Cost $18,780,650)		$	18,780,379
Total Investments (International Equity Index Trust) (Cost $665,143,384) - 100.2%		$	827,086,780
Other assets and liabilities, net - (0.2%)			(1,529,485)
TOTAL NET ASSETS - 100.0%		$	825,557,295

Currency Abbreviations
BRL	Brazilian Real
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 3-31-23. The value of securities on loan amounted to $6,736,913.
(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)	Investment is an affiliate of the fund, the advisor and/or subadvisor.
(E)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(F)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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	33	Long	Jun 2023	$3,379,190	$3,459,390	$80,200
Mini MSCI Emerging Markets Index Futures	301	Long	Jun 2023	14,494,964	14,983,780	488,816
MSCI Kuwait Index Futures	30	Long	Jun 2023	457,430	457,950	520
MSCI Qatar Index Futures	30	Long	Jun 2023	476,316	470,850	(5,466)
MSCI UAE Index Futures	20	Long	Jun 2023	684,312	673,700	(10,612)
						$553,458

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

108

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 98.3%
Australia - 5.9%
A2B Australia, Ltd. (A)	9,047	$	9,033
Accent Group, Ltd.	24,907		39,678
Adairs, Ltd.	7,105		9,697
Adbri, Ltd.	19,036		20,285
Ainsworth Game Technology, Ltd. (A)	10,192		7,157
Alcidion Group, Ltd. (A)	43,339		3,645
Alkane Resources, Ltd. (A)	25,036		13,275
Alliance Aviation Services, Ltd. (A)	3,238		7,503
AMA Group, Ltd. (A)	33,686		5,409
AMP, Ltd.	79,846		56,332
Ansell, Ltd.	3,694		65,815
Appen, Ltd. (A)	3,751		7,133
Arafura Rare Earths, Ltd. (A)	190,322		63,415
ARB Corp., Ltd.	3,181		67,939
Archer Materials, Ltd. (A)	10,038		2,894
Ardent Leisure Group, Ltd.	39,016		16,453
AUB Group, Ltd.	5,264		90,459
Audinate Group, Ltd. (A)	3,365		19,576
Aurelia Metals, Ltd. (A)	85,331		7,168
Aussie Broadband, Ltd. (A)	7,972		16,696
Austal, Ltd.	23,155		26,759
Australian Agricultural Company, Ltd. (A)	28,065		28,936
Australian Finance Group, Ltd.	15,010		15,012
Australian Strategic Materials, Ltd. (A)	2,603		2,259
Auswide Bank, Ltd.	722		2,733
AVZ Minerals, Ltd. (A)(B)	98,026		38,332
Baby Bunting Group, Ltd.	5,551		7,478
Bapcor, Ltd.	15,610		67,042
Base Resources, Ltd.	32,069		4,279
Beach Energy, Ltd.	27,676		26,203
Beacon Lighting Group, Ltd.	6,425		7,401
Bega Cheese, Ltd.	15,122		36,748
Bell Financial Group, Ltd.	10,635		7,331
Bellevue Gold, Ltd. (A)	54,153		46,313
Betmakers Technology Group, Ltd. (A)	14,102		1,523
Bigtincan Holdings, Ltd. (A)	29,230		7,771
Blackmores, Ltd.	796		37,540
Boral, Ltd. (A)	21,191		50,087
Bravura Solutions, Ltd.	32,221		8,633
Breville Group, Ltd.	4,635		59,740
Brickworks, Ltd.	3,876		58,897
Bubs Australia, Ltd. (A)	28,812		4,446
BWX, Ltd. (A)(B)	9,946		1,337
Calidus Resources, Ltd. (A)	27,986		4,295
Capitol Health, Ltd.	41,735		7,533
Capricorn Metals, Ltd. (A)	13,300		42,272
Carnarvon Energy, Ltd. (A)	51,813		4,686
Cash Converters International, Ltd.	14,501		2,285
Cedar Woods Properties, Ltd.	5,696		16,934
Champion Iron, Ltd.	5,107		24,461
City Chic Collective, Ltd. (A)	9,410		3,417
Clinuvel Pharmaceuticals, Ltd.	2,335		30,355
Clover Corp., Ltd.	8,155		6,805
Codan, Ltd.	5,320		19,481
Collins Foods, Ltd.	4,405		24,616
Cooper Energy, Ltd. (A)	158,205		16,984
Corporate Travel Management, Ltd.	4,156		50,710
Costa Group Holdings, Ltd.	18,556		32,193
Credit Corp. Group, Ltd.	3,047		34,833
CSR, Ltd.	25,551		81,471
Data#3, Ltd.	9,073		44,349
De Grey Mining, Ltd. (A)	62,572		64,832
Dicker Data, Ltd.	2,871		15,774
Domain Holdings Australia, Ltd.	11,859		28,133

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Downer EDI, Ltd.	26,043	$	60,086
Eagers Automotive, Ltd.	7,533		68,386
Elders, Ltd.	6,553		37,908
Emeco Holdings, Ltd.	22,924		11,229
Emerald Resources NL (A)	28,411		27,678
EML Payments, Ltd. (A)	16,327		6,056
Enero Group, Ltd.	3,952		4,742
EQT Holdings, Ltd.	957		16,453
Estia Health, Ltd.	11,708		20,798
EVT, Ltd.	5,448		44,645
Finbar Group, Ltd.	8,370		3,276
FleetPartners Group, Ltd. (A)	16,681		23,365
Fleetwood, Ltd. (A)	8,058		6,594
Flight Centre Travel Group, Ltd. (A)	6,231		77,586
Frontier Digital Ventures, Ltd. (A)	10,734		4,999
G8 Education, Ltd.	51,376		41,694
Galan Lithium, Ltd. (A)	13,760		10,141
Gold Road Resources, Ltd.	44,651		50,660
GrainCorp, Ltd., Class A	9,793		45,446
Grange Resources, Ltd.	21,083		10,203
GUD Holdings, Ltd.	7,010		46,310
GWA Group, Ltd.	12,453		13,663
Hansen Technologies, Ltd.	11,735		36,362
Healius, Ltd.	23,643		50,204
Helia Group, Ltd.	18,245		35,101
Highfield Resources, Ltd. (A)	13,495		5,702
HT&E, Ltd.	20,357		15,409
HUB24, Ltd.	3,277		61,058
Humm Group, Ltd.	27,415		8,194
Imdex, Ltd.	25,654		38,710
Infomedia, Ltd.	17,584		17,609
Inghams Group, Ltd.	20,588		43,116
Insignia Financial, Ltd.	32,288		59,563
Integral Diagnostics, Ltd.	13,604		26,801
Integrated Research, Ltd. (A)	3,367		958
InvoCare, Ltd.	6,357		50,437
Ioneer, Ltd. (A)	61,614		12,055
IPH, Ltd.	10,144		50,587
IRESS, Ltd.	7,892		52,793
IVE Group, Ltd.	11,452		18,982
Johns Lyng Group, Ltd.	11,256		48,528
Jumbo Interactive, Ltd.	2,253		19,079
Jupiter Mines, Ltd.	116,266		18,263
Karoon Energy, Ltd. (A)	31,460		45,184
Kelsian Group, Ltd.	2,989		11,765
Kogan.com, Ltd. (A)	1,950		4,867
Lifestyle Communities, Ltd.	4,254		45,582
Link Administration Holdings, Ltd.	18,547		26,333
Lovisa Holdings, Ltd.	3,846		62,952
MA Financial Group, Ltd.	4,146		11,038
Macmahon Holdings, Ltd.	112,440		10,863
Macquarie Telecom Group, Ltd. (A)	223		8,741
Magellan Financial Group, Ltd.	1,591		9,317
Mayne Pharma Group, Ltd.	4,957		12,469
McMillan Shakespeare, Ltd.	3,346		32,305
McPherson's, Ltd.	9,168		3,618
Mesoblast, Ltd. (A)	11,677		7,454
Metals X, Ltd. (A)	48,765		10,776
Michael Hill International, Ltd.	16,629		10,986
Mincor Resources NL (A)	15,835		14,934
MMA Offshore, Ltd. (A)	25,635		20,083
Monadelphous Group, Ltd.	5,646		47,558
Monash IVF Group, Ltd.	21,798		15,619
Mount Gibson Iron, Ltd. (A)	19,096		6,834
Myer Holdings, Ltd.	63,302		37,843

 

109

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
MyState, Ltd.	5,689	$	13,713
Nanosonics, Ltd. (A)	11,541		39,712
Navigator Global Investments, Ltd.	11,684		8,216
Netwealth Group, Ltd.	4,931		45,148
New Hope Corp., Ltd.	24,235		92,146
Newcrest Mining, Ltd. (Toronto Stock Exchange) (C)	2,787		49,574
nib holdings, Ltd.	22,359		105,917
Nick Scali, Ltd.	5,272		33,172
Nickel Industries, Ltd.	57,059		34,619
Nine Entertainment Company Holdings, Ltd.	57,796		76,860
Novonix, Ltd. (A)	10,082		8,663
NRW Holdings, Ltd.	25,786		41,559
Nufarm, Ltd.	21,032		80,745
Objective Corp., Ltd.	921		7,975
OceanaGold Corp.	38,000		94,192
OFX Group, Ltd. (A)	14,134		14,825
Omni Bridgeway, Ltd. (A)	15,737		28,064
oOh!media, Ltd.	31,712		34,587
Orora, Ltd.	40,091		92,255
Pacific Current Group, Ltd.	1,717		7,640
Pact Group Holdings, Ltd.	11,275		8,469
Paladin Energy, Ltd. (A)	119,046		52,142
Panoramic Resources, Ltd. (A)	68,650		6,940
Pantoro, Ltd. (A)	92,251		3,643
Peet, Ltd.	13,800		10,444
PeopleIN, Ltd.	4,962		9,722
Perenti, Ltd. (A)	35,432		28,741
Perpetual, Ltd.	3,957		58,495
Perseus Mining, Ltd.	68,083		108,070
PEXA Group, Ltd. (A)	2,466		22,375
Pinnacle Investment Management Group, Ltd.	5,460		29,021
Platinum Asset Management, Ltd.	22,136		25,570
PolyNovo, Ltd. (A)	27,238		32,856
Poseidon Nickel, Ltd. (A)	71,048		1,767
Praemium, Ltd.	28,131		14,138
Premier Investments, Ltd.	3,053		53,728
Propel Funeral Partners, Ltd.	2,859		8,549
PSC Insurance Group, Ltd.	5,616		18,032
PWR Holdings, Ltd.	4,736		31,704
Ramelius Resources, Ltd.	38,169		32,303
ReadyTech Holdings, Ltd. (A)	4,809		9,935
Red 5, Ltd. (A)	247,905		24,766
Redbubble, Ltd. (A)	13,929		4,230
Regis Healthcare, Ltd.	9,267		12,057
Regis Resources, Ltd.	35,749		49,564
Resolute Mining, Ltd. (A)	88,090		24,655
Ridley Corp., Ltd.	19,540		28,868
RPMGlobal Holdings, Ltd. (A)	6,670		6,546
Sandfire Resources, Ltd. (A)	21,317		90,484
Select Harvests, Ltd.	7,081		19,635
Servcorp, Ltd.	3,171		6,741
Service Stream, Ltd.	27,275		11,802
Seven West Media, Ltd. (A)	85,038		23,678
SG Fleet Group, Ltd.	8,938		12,409
Sierra Rutile Holdings, Ltd. (A)	14,764		2,587
Sigma Healthcare, Ltd.	86,903		40,741
Silver Lake Resources, Ltd. (A)	48,508		37,842
Silver Mines, Ltd. (A)	77,466		10,349
Sims, Ltd.	7,974		83,155
SmartGroup Corp., Ltd.	8,029		34,578
SolGold PLC (A)	65,333		15,537
Solvar, Ltd.	9,169		10,831

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Southern Cross Media Group, Ltd.	17,291	$	10,076
SRG Global, Ltd.	35,644		17,935
St. Barbara, Ltd. (A)	33,249		14,853
Super Retail Group, Ltd.	7,649		64,688
Superloop, Ltd. (A)	22,967		8,619
Symbio Holdings, Ltd.	2,522		3,028
Syrah Resources, Ltd. (A)	49,135		60,854
Tabcorp Holdings, Ltd.	93,926		62,625
Technology One, Ltd.	7,370		72,424
Temple & Webster Group, Ltd. (A)	4,468		10,376
Ten Sixty Four, Ltd. (B)	8,127		3,097
Terracom, Ltd.	32,978		14,793
The Reject Shop, Ltd. (A)	2,561		7,192
The Star Entertainment Group, Ltd. (A)	71,717		69,027
Tyro Payments, Ltd. (A)	10,423		10,118
United Malt Grp, Ltd.	15,585		49,811
Viva Energy Group, Ltd. (D)	18,414		37,433
Vulcan Energy Resources, Ltd. (A)	3,349		12,779
Webjet, Ltd. (A)	16,369		77,358
West African Resources, Ltd. (A)	42,178		27,000
Westgold Resources, Ltd. (A)	18,696		16,319
Zip Company, Ltd. (A)(C)	18,285		6,953
			6,075,970
Austria - 1.6%
Addiko Bank AG (A)	668		10,542
Agrana Beteiligungs AG	724		12,847
ams AG (A)(C)	11,874		92,531
ANDRITZ AG	3,278		221,804
AT&S Austria Technologie & Systemtechnik AG (C)	1,188		36,647
BAWAG Group AG (A)(D)	4,044		196,414
CA Immobilien Anlagen AG	1,426		38,314
DO & Company AG (A)(C)	278		32,554
EVN AG	2,014		44,729
Fabasoft AG	599		11,556
FACC AG (A)(C)	1,116		8,491
IMMOFINANZ AG (A)(B)	4,356		0
Kapsch TrafficCom AG (A)	191		2,593
Kontron AG (C)	2,318		48,418
Lenzing AG (C)	391		29,620
Mayr Melnhof Karton AG	378		62,827
Oesterreichische Post AG (C)	1,378		51,014
Palfinger AG	876		27,339
POLYTEC Holding AG	995		4,985
Porr AG	876		12,826
Raiffeisen Bank International AG	6,265		96,176
RHI Magnesita NV	1,095		30,130
RHI Magnesita NV (London Stock Exchange)	545		15,099
Rosenbauer International AG (C)	174		6,144
Schoeller-Bleckmann Oilfield Equipment AG	710		45,761
Semperit AG Holding	822		22,041
Telekom Austria AG (A)	4,436		33,502
UBM Development AG (C)	411		12,322
UNIQA Insurance Group AG	3,329		28,050
Vienna Insurance Group AG (C)	1,157		31,115
voestalpine AG	4,895		166,444
Wienerberger AG	4,676		135,376
Zumtobel Group AG	2,545		19,687
			1,587,898
Belgium - 1.5%
Ackermans & van Haaren NV	982		161,874
AGFA-Gevaert NV (A)	6,780		19,844
Atenor	211		10,252

 

110

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Belgium (continued)
Barco NV	3,257	$	97,082
Bekaert SA	1,389		62,737
Biocartis Group NV (A)(C)(D)	4,063		2,688
bpost SA	4,236		24,154
Cie d'Entreprises CFE	416		4,534
Deceuninck NV	2,515		6,869
Deme Group NV (A)	416		53,297
Econocom Group SA/NV	6,435		20,666
Etablissements Franz Colruyt NV	2,147		62,920
Euronav NV	8,334		139,273
Euronav NV (New York Stock Exchange)	2,324		39,020
EVS Broadcast Equipment SA	811		19,331
Exmar NV	1,567		16,495
Fagron	2,712		46,332
Galapagos NV (A)	1,566		60,205
Gimv NV	1,044		50,448
Immobel SA	209		10,876
Ion Beam Applications	1,305		22,561
Kinepolis Group NV (A)	585		30,098
Lotus Bakeries NV	21		146,974
Melexis NV	863		99,946
Ontex Group NV (A)	3,927		29,282
Orange Belgium SA (A)	417		6,896
Proximus SADP	6,084		58,834
Recticel SA	2,296		42,814
Sipef NV	420		27,836
Telenet Group Holding NV	1,717		39,046
Tessenderlo Group SA (A)	1,111		34,722
Van de Velde NV	377		14,794
VGP NV	462		41,185
Viohalco SA	7,173		32,798
X-Fab Silicon Foundries SE (A)(D)	3,484		32,899
			1,569,582
Bermuda - 0.2%
Hiscox, Ltd.	12,537		171,541
Cambodia - 0.0%
NagaCorp, Ltd. (A)	52,492		40,965
Canada - 11.2%
5N Plus, Inc. (A)	3,515		8,947
Acadian Timber Corp.	800		9,335
Advantage Energy, Ltd. (A)	9,000		52,009
Aecon Group, Inc.	3,200		32,509
Africa Oil Corp.	22,402		50,224
Ag Growth International, Inc.	1,100		49,909
AGF Management, Ltd., Class B	4,298		25,282
Aimia, Inc. (A)	7,777		21,003
AirBoss of America Corp.	1,500		8,557
Alamos Gold, Inc., Class A	22,405		273,535
Algoma Central Corp.	700		8,158
Altius Minerals Corp.	3,100		52,733
Altus Group, Ltd.	2,318		98,431
Amerigo Resources, Ltd.	13,502		16,284
Andlauer Healthcare Group, Inc.	1,218		45,962
Andrew Peller, Ltd., Class A	2,300		7,982
Aritzia, Inc. (A)	4,845		155,477
Ascot Resources, Ltd. (A)	13,700		6,994
Atco, Ltd., Class I	2,918		93,531
Athabasca Oil Corp. (A)	35,674		85,259
ATS Corp. (A)	4,247		177,830
AutoCanada, Inc. (A)	1,985		29,199
B2Gold Corp.	37,525		148,267
B2Gold Corp. (NYSE American Exchange)	5,393		21,248
Badger Infrastructure Solutions, Ltd.	1,832		44,299

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Ballard Power Systems, Inc. (A)(C)	9,718	$	54,217
Baytex Energy Corp. (A)	19,253		72,225
Birch Mountain Resources, Ltd. (A)(B)	9,200		1
Birchcliff Energy, Ltd.	15,733		89,171
Bird Construction, Inc.	4,995		33,596
Black Diamond Group, Ltd.	2,750		12,087
BlackBerry, Ltd. (A)	17,634		80,896
BMTC Group, Inc.	500		5,302
Bombardier, Inc., Class B (A)	3,969		216,672
Boralex, Inc., Class A	3,277		99,777
Boyd Group Services, Inc.	1,160		185,428
Brookfield Infrastructure Corp., Class A	1,086		50,053
Calian Group, Ltd.	605		29,173
Calibre Mining Corp. (A)	11,500		11,232
Canaccord Genuity Group, Inc.	5,281		42,787
Canacol Energy, Ltd.	1,513		12,617
Canada Goose Holdings, Inc. (A)	2,213		42,557
Canadian Western Bank	5,015		91,877
Canfor Corp. (A)	2,404		38,635
Canfor Pulp Products, Inc. (A)	2,715		5,966
Capital Power Corp.	6,027		185,693
Capstone Copper Corp. (A)	29,467		132,999
Cardinal Energy, Ltd.	5,530		29,133
Cascades, Inc.	5,723		46,538
Celestica, Inc. (A)	3,019		38,935
Celestica, Inc. (New York Stock Exchange) (A)	3,200		41,280
Centerra Gold, Inc.	9,077		58,633
CES Energy Solutions Corp.	18,429		36,544
China Gold International Resources Corp., Ltd.	18,050		65,442
CI Financial Corp.	6,700		63,356
Cineplex, Inc. (A)	1,227		8,017
Cogeco Communications, Inc.	563		27,423
Cogeco, Inc.	445		20,029
Colliers International Group, Inc.	500		52,767
Computer Modelling Group, Ltd.	4,420		23,743
Copper Mountain Mining Corp. (A)	8,800		14,260
Corby Spirit and Wine, Ltd.	700		8,002
Corus Entertainment, Inc., B Shares	11,806		15,025
Crescent Point Energy Corp.	12,719		89,781
Crescent Point Energy Corp. (New York Stock Exchange)	16,800		118,608
Crew Energy, Inc. (A)	8,100		28,408
Cronos Group, Inc. (A)	5,470		10,523
Cronos Group, Inc. (Nasdaq Exchange) (A)	7,260		14,084
Denison Mines Corp. (A)	33,624		36,572
Dexterra Group, Inc.	1,621		5,937
Doman Building Materials Group, Ltd.	3,600		17,128
Dorel Industries, Inc., Class B (A)	1,800		5,221
DREAM Unlimited Corp., Class A	1,350		23,644
Dundee Precious Metals, Inc.	7,687		56,081
ECN Capital Corp.	10,817		22,410
E-L Financial Corp., Ltd.	100		67,185
Eldorado Gold Corp. (A)	9,374		97,104
Element Fleet Management Corp.	11,050		145,126
Endeavour Silver Corp. (A)	6,945		26,824
Enerflex, Ltd.	6,400		38,121
Enerplus Corp.	11,613		167,385
Enghouse Systems, Ltd.	2,700		76,415
Ensign Energy Services, Inc. (A)	9,800		22,044
EQB, Inc.	1,392		60,047
Equinox Gold Corp. (A)	12,552		64,455
ERO Copper Corp. (A)	2,900		51,305

 

111

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Evertz Technologies, Ltd.	1,900	$	15,535
Exchange Income Corp.	568		22,506
Exco Technologies, Ltd.	1,500		8,491
Extendicare, Inc.	6,230		29,502
Fiera Capital Corp.	5,935		33,990
Finning International, Inc.	7,281		181,500
Firm Capital Mortgage Investment Corp.	1,100		9,132
First Majestic Silver Corp.	9,281		66,955
First Majestic Silver Corp. (New York Stock Exchange)	1,582		11,406
First Mining Gold Corp. (A)	39,000		4,906
First National Financial Corp.	700		19,744
Fission Uranium Corp. (A)	19,500		9,811
Fortuna Silver Mines, Inc. (A)	14,300		54,491
Freehold Royalties, Ltd.	5,429		58,367
Frontera Energy Corp. (A)	2,200		18,980
Galiano Gold, Inc. (A)	6,600		3,858
Gamehost, Inc.	100		638
GDI Integrated Facility Services, Inc. (A)	300		9,818
Gibson Energy, Inc.	6,006		95,989
goeasy, Ltd.	372		26,284
GoGold Resources, Inc. (A)	5,300		8,196
Gran Tierra Energy, Inc. (A)	25,166		22,345
Guardian Capital Group, Ltd., Class A	1,100		35,470
Hanfeng Evergreen, Inc. (A)(B)	200		0
Headwater Exploration, Inc.	9,290		43,374
Heroux-Devtek, Inc. (A)	2,700		26,131
HEXO Corp. (A)	261		350
High Liner Foods, Inc.	1,773		20,111
HLS Therapeutics, Inc.	700		3,263
Home Capital Group, Inc.	3,379		103,258
Hudbay Minerals, Inc.	10,057		52,759
IAMGOLD Corp. (A)	24,627		67,239
Imperial Metals Corp. (A)	5,060		7,675
Information Services Corp.	800		13,023
Innergex Renewable Energy, Inc.	8,000		86,896
Interfor Corp. (A)	3,520		57,351
International Petroleum Corp. (A)	337		3,237
International Petroleum Corp. (Nasdaq Stockholm Exchange) (A)	3,496		33,332
International Tower Hill Mines, Ltd. (A)	2,300		1,378
Jamieson Wellness, Inc. (D)	2,200		54,516
K92 Mining, Inc. (A)	1,930		10,967
KAB Distribution, Inc. (A)(B)	7,076		0
Karora Resources, Inc. (A)	4,800		16,124
K-Bro Linen, Inc.	600		12,377
Kelt Exploration, Ltd. (A)	10,445		35,474
Keyera Corp.	806		17,647
Kinaxis, Inc. (A)	346		47,506
Knight Therapeutics, Inc. (A)	5,400		17,580
Labrador Iron Ore Royalty Corp.	2,318		54,884
Largo, Inc. (A)	780		4,046
Lassonde Industries, Inc., Class A	200		15,438
Laurentian Bank of Canada	1,514		35,635
Leon's Furniture, Ltd.	1,883		24,076
Lightspeed Commerce, Inc. (A)	5,593		85,043
Linamar Corp.	2,366		113,845
Logistec Corp., Class B	700		22,914
Lucara Diamond Corp. (A)	25,184		9,503
Lundin Gold, Inc.	4,258		49,716
Magellan Aerospace Corp.	900		4,994
Mainstreet Equity Corp. (A)	400		37,221
Major Drilling Group International, Inc. (A)	4,513		35,496
Manitok Energy, Inc. (A)(B)	16		0

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Maple Leaf Foods, Inc.	4,140	$	80,104
Martinrea International, Inc.	4,603		49,623
MDA, Ltd. (A)	1,987		10,292
Medical Facilities Corp.	2,104		12,376
MEG Energy Corp. (A)	10,188		163,656
Melcor Developments, Ltd.	1,000		8,898
Methanex Corp.	3,089		143,742
Morguard Corp.	400		30,704
Mountain Province Diamonds, Inc. (A)	6,800		2,516
MTY Food Group, Inc.	742		33,347
Mullen Group, Ltd.	5,582		61,003
New Gold, Inc. (A)	34,515		37,541
NFI Group, Inc.	2,960		18,025
North American Construction Group, Ltd.	2,100		35,023
NuVista Energy, Ltd. (A)	9,305		75,252
Onex Corp.	569		26,600
Organigram Holdings, Inc. (A)	8,928		5,681
Orla Mining, Ltd. (A)	11,140		52,836
Osisko Gold Royalties, Ltd.	9,500		150,144
Osisko Mining, Inc. (A)	12,850		40,884
Pan American Silver Corp.	7,524		137,286
Paramount Resources, Ltd., Class A	5,173		113,297
Parex Resources, Inc.	5,516		102,606
Park Lawn Corp.	1,792		36,914
Parkland Corp.	6,819		163,474
Pason Systems, Inc.	3,936		35,326
Peyto Exploration & Development Corp.	5,797		51,944
PHX Energy Services Corp.	2,600		13,082
Pine Cliff Energy, Ltd.	11,000		10,499
Pizza Pizza Royalty Corp.	1,729		17,616
Polaris Renewable Energy, Inc.	1,500		14,784
Pollard Banknote, Ltd.	1,000		18,276
PolyMet Mining Corp. (A)	1,185		2,534
PrairieSky Royalty, Ltd.	11,227		177,771
Precision Drilling Corp. (A)	782		40,185
Premium Brands Holdings Corp.	2,000		147,969
Quarterhill, Inc.	9,800		11,094
Questerre Energy Corp., Class A (A)	19,444		3,381
Real Matters, Inc. (A)	3,500		12,638
RF Capital Group, Inc. (A)	185		1,688
Richelieu Hardware, Ltd.	2,000		55,257
Rogers Sugar, Inc.	6,474		29,173
Russel Metals, Inc.	2,746		69,752
Sabina Gold & Silver Corp. (A)	20,475		31,057
Savaria Corp.	2,300		26,957
Seabridge Gold, Inc. (A)	2,830		36,540
Secure Energy Services, Inc.	13,477		62,923
ShawCor, Ltd. (A)	4,173		38,411
Sienna Senior Living, Inc.	3,606		28,656
SilverCrest Metals, Inc. (A)	100		711
Sleep Country Canada Holdings, Inc. (D)	2,113		36,866
SNC-Lavalin Group, Inc.	7,843		192,782
Spin Master Corp. (D)	1,400		38,918
Sprott, Inc.	1,329		48,568
Stelco Holdings, Inc.	2,075		80,359
Stella-Jones, Inc.	2,800		107,297
Superior Plus Corp.	7,557		62,290
Surge Energy, Inc.	2,103		13,678
Tamarack Valley Energy, Ltd.	20,085		58,702
Taseko Mines, Ltd. (A)	16,100		26,684
Tecsys, Inc.	609		12,329
TELUS Corp.	1,384		27,475
TerraVest Industries, Inc.	600		12,209
The North West Company, Inc.	2,706		75,664

 

112

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Tidewater Midstream and Infrastructure, Ltd.	6,650	$	4,428
Timbercreek Financial Corp.	6,000		35,516
TLC Vision Corp. (A)(B)	3,400		0
Torex Gold Resources, Inc. (A)	5,460		90,859
Total Energy Services, Inc.	3,132		19,188
TransAlta Corp.	9,482		82,928
TransAlta Renewables, Inc.	6,098		56,130
Transcontinental, Inc., Class A	4,783		49,653
Trevali Mining Corp. (A)(B)	3,713		254
Trican Well Service, Ltd.	16,409		37,395
Tricon Residential, Inc.	9,919		76,915
Triple Flag Precious Metals Corp.	828		12,333
Trisura Group, Ltd. (A)	2,500		61,210
Uni-Select, Inc. (A)	3,401		117,267
Vecima Networks, Inc.	479		8,152
Vermilion Energy, Inc.	6,400		83,013
Wajax Corp.	1,300		23,711
Wesdome Gold Mines, Ltd. (A)	7,800		44,670
Western Copper & Gold Corp. (A)	5,400		9,829
Western Forest Products, Inc.	25,850		21,422
Westshore Terminals Investment Corp.	2,189		43,796
Whitecap Resources, Inc.	12,597		97,402
WildBrain, Ltd. (A)	10,382		18,436
Winpak, Ltd.	1,177		37,387
Yamana Gold, Inc.	45,750		266,748
Yellow Pages, Ltd.	140		1,362
Zenith Capital Corp. (A)	1,700		357
			11,405,983
China - 0.0%
AustAsia Group, Ltd. (A)	4,540		1,862
Fosun Tourism Group (A)(D)	11,400		14,621
			16,483
Denmark - 2.5%
ALK-Abello A/S (A)	5,254		81,525
Alm Brand A/S	33,083		61,842
Amagerbanken A/S (A)(B)	25,580		0
Asetek A/S (A)	1,629		854
Bang & Olufsen A/S (A)	7,788		11,064
Bavarian Nordic A/S (A)(C)	3,556		102,447
Better Collective A/S (A)	2,021		39,296
Cadeler A/S (A)	2,970		12,088
CBrain A/S	389		7,965
Chemometec A/S (A)	801		46,059
Columbus A/S	6,187		5,818
D/S Norden A/S	1,788		120,242
Dfds A/S	1,767		71,695
FLSmidth & Company A/S (C)	3,054		116,997
H Lundbeck A/S	17,205		79,612
H+H International A/S, Class B (A)	1,146		18,014
ISS A/S (A)	7,129		145,496
Jeudan A/S	380		14,024
Jyske Bank A/S (A)	2,263		158,585
Lan & Spar Bank A/S	198		18,701
Matas A/S	2,910		35,687
Netcompany Group A/S (A)(D)	1,473		53,756
Nilfisk Holding A/S (A)	1,220		24,011
NKT A/S (A)	2,498		130,281
NNIT A/S (A)(D)	479		4,844
NTG Nordic Transport Group A/S (A)	635		37,848
Per Aarsleff Holding A/S	883		37,942
Ringkjoebing Landbobank A/S	1,302		183,894
Royal Unibrew A/S	2,134		186,024
Scandinavian Tobacco Group A/S (D)	3,178		63,270
Schouw & Company A/S	666		55,793

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Denmark (continued)
SimCorp A/S	1,960	$	148,027
Solar A/S, B Shares	410		33,094
SP Group A/S	368		13,939
Spar Nord Bank A/S	4,967		78,454
Sparekassen Sjaelland-Fyn A/S	1,012		27,020
Sydbank A/S	3,132		140,819
TCM Group A/S	507		4,949
Tivoli A/S	102		11,965
Topdanmark A/S	1,997		106,758
UIE PLC	1,280		35,331
Vestjysk Bank A/S	22,473		11,014
Zealand Pharma A/S (A)	1,618		50,692
			2,587,736
Finland - 2.1%
Aktia Bank OYJ	3,501		36,258
Alma Media OYJ	1,962		19,651
Bittium OYJ	2,708		12,817
Cargotec OYJ, B Shares	2,007		97,703
Caverion OYJ	2,277		21,216
Citycon OYJ (A)	4,136		28,270
Enento Group OYJ (A)(D)	860		15,272
EQ OYJ	483		9,965
Finnair OYJ (A)	44,891		24,871
Fiskars OYJ ABP	2,196		37,472
F-Secure OYJ	7,159		24,871
Harvia OYJ	846		20,160
HKScan OYJ, A Shares (A)	316		268
Huhtamaki OYJ	3,864		143,547
Kamux Corp. (C)	1,688		9,554
Kemira OYJ	4,940		87,033
Kojamo OYJ	4,092		48,158
Konecranes OYJ	2,027		67,974
Lassila & Tikanoja OYJ	1,929		21,130
Marimekko OYJ	1,923		20,388
Metsa Board OYJ, B Shares	7,990		64,396
Musti Group OYJ (A)	1,222		21,342
Nokian Renkaat OYJ	4,287		41,013
Olvi OYJ, A Shares	721		23,415
Oma Saastopankki OYJ	490		10,438
Oriola OYJ, B Shares	9,290		14,231
Orion OYJ, Class B	3,859		172,490
Outokumpu OYJ	16,239		88,456
Pihlajalinna OYJ	1,193		9,665
Ponsse OYJ	543		16,603
Puuilo OYJ	1,645		11,979
QT Group OYJ (A)	770		56,291
Raisio OYJ, V Shares	8,267		22,475
Rapala VMC OYJ	908		3,594
Revenio Group OYJ	1,101		46,173
Rovio Entertainment OYJ (D)	1,642		13,909
Sanoma OYJ	2,692		23,638
Taaleri OYJ	956		10,983
Talenom OYJ	637		5,693
Terveystalo OYJ (D)	4,887		37,235
TietoEVRY OYJ	4,031		126,633
Tokmanni Group Corp.	2,438		33,666
Uponor OYJ	2,530		46,833
Vaisala OYJ, A Shares	952		41,143
Valmet OYJ	7,336		238,155
Verkkokauppa.com OYJ (C)	1,047		2,957
Wartsila OYJ ABP	18,553		175,091
WithSecure OYJ (A)	7,159		11,858
YIT OYJ	8,449		22,517
			2,139,450

 

113

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France - 5.0%
ABC arbitrage	2,570	$	16,922
AKWEL	725		10,678
ALD SA (D)	7,805		91,494
Altamir	752		22,181
Alten SA	1,325		211,576
Assystem SA	763		35,743
Atos SE (A)	2,440		30,269
Aubay	399		20,475
Axway Software SA	531		12,146
Bastide le Confort Medical (A)	256		8,120
Beneteau SA	2,839		47,442
Bigben Interactive	1,198		6,890
Boiron SA	274		11,815
Bonduelle SCA	1,027		13,414
Burelle SA	15		8,234
Casino Guichard Perrachon SA (A)(C)	2,173		15,381
Catana Group	1,588		11,873
Cegedim SA	495		10,327
CGG SA (A)	42,425		32,720
Chargeurs SA	1,491		25,191
Cie des Alpes	998		13,880
Cie Plastic Omnium SA	2,278		41,494
Claranova SE (A)(C)	1,250		2,838
Coface SA	6,169		87,384
DBV Technologies SA (A)	1,786		6,247
Derichebourg SA	6,625		38,910
Ekinops SAS (A)	1,302		12,475
Electricite de Strasbourg SA	31		3,058
Elior Group SA (A)(D)	8,308		29,223
Elis SA	8,325		159,217
Equasens	290		22,544
Eramet SA	565		59,061
Etablissements Maurel et Prom SA	6,372		23,805
Eurazeo SE	1,837		130,759
Eutelsat Communications SA	6,192		41,323
Exel Industries, A Shares	89		4,818
Faurecia SE (A)	7,066		153,570
Fnac Darty SA (C)	1,052		38,841
Gaztransport Et Technigaz SA	1,112		113,789
Genfit SA (A)	2,919		11,721
Groupe Crit	163		12,931
Guerbet	326		6,449
Haulotte Group SA	962		3,424
ID Logistics Group (A)	176		52,348
Imerys SA	1,845		79,707
Infotel SA	348		21,336
Interparfums SA	789		59,392
IPSOS	2,460		152,476
Jacquet Metals SACA	1,024		19,911
JCDecaux SE (A)	1,836		38,511
Kaufman & Broad SA	901		26,813
Korian SA	3,776		28,283
Laurent-Perrier	110		14,169
Lectra	1,320		52,114
LISI	1,205		31,881
LNA Sante SA (C)	166		6,016
Lumibird (A)	632		9,747
Maisons du Monde SA (D)	1,925		20,775
Manitou BF SA	880		20,535
Mersen SA	1,171		52,071
Metropole Television SA	1,324		21,475
Nacon SA (A)	207		490
Neoen SA (C)(D)	1,891		59,623
Nexans SA	991		98,742
Nexity SA	1,974		49,570

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
NRJ Group	782	$	5,801
OVH Groupe SAS (A)(C)	146		1,827
Pierre Et Vacances SA (A)	10,785		19,568
Plastivaloire	383		1,391
Quadient SA	2,171		39,656
Recylex SA (A)(B)	1,058		2,120
Rexel SA (A)	10,217		242,907
Rothschild & Company	1,588		80,146
Rubis SCA	3,866		103,448
Samse SA	48		9,850
Savencia SA	372		24,812
SCOR SE	6,613		150,362
SEB SA	741		84,314
Seche Environnement SA	126		14,147
SMCP SA (A)(D)	1,921		17,124
Societe BIC SA	1,252		78,973
Societe LDC SA	212		25,954
Societe pour l'Informatique Industrielle	438		23,873
SOITEC (A)	882		141,538
Solocal Group (A)	6,121		2,933
Sopra Steria Group SACA	690		145,001
SPIE SA	5,882		170,724
Stef SA	202		23,026
Synergie SE	557		20,027
Technicolor Creative Studios SA (A)	9,713		1,284
Technip Energies NV	6,139		130,974
Television Francaise 1	3,803		33,594
Thermador Groupe	453		48,214
Tikehau Capital SCA	2,057		54,307
Trigano SA	463		60,316
Ubisoft Entertainment SA (A)	4,551		121,299
Valeo	8,798		180,534
Vallourec SA (A)	5,161		65,185
Vantiva SA (A)	9,713		2,282
Verallia SA (D)	3,490		148,628
Vetoquinol SA	297		28,513
Vicat SA	1,201		36,040
Vilmorin & Cie SA	614		29,001
Virbac SA	232		74,556
Voltalia SA (A)(C)	1,403		22,203
Wavestone	331		15,961
Xilam Animation SA (A)	215		6,327
			5,065,377
Gabon - 0.0%
Totalenergies EP Gabon	20		3,712
Georgia - 0.1%
Georgia Capital PLC (A)	1,145		11,088
TBC Bank Group PLC	1,781		49,164
			60,252
Germany - 5.9%
1&1 AG	2,192		24,066
7C Solarparken AG	3,282		13,466
Aareal Bank AG (A)	2,902		103,883
Adesso SE	207		33,139
ADVA Optical Networking SE (A)	804		18,880
AIXTRON SE	2,564		87,145
All for One Group SE	130		5,915
Allgeier SE	498		15,323
Amadeus Fire AG	264		39,743
Atoss Software AG	218		39,420
Aurubis AG	1,560		144,523
Auto1 Group SE (A)(D)	3,943		27,975
Basler AG	486		11,738
BayWa AG	669		29,568

 

114

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Bechtle AG	3,835	$	183,649
Bertrandt AG	394		21,408
Bijou Brigitte AG (A)	340		17,711
Bilfinger SE	1,781		75,528
Borussia Dortmund GmbH & Company KGaA (A)	4,276		19,046
CANCOM SE	1,316		45,110
CECONOMY AG (A)(C)	8,144		22,203
CENIT AG	446		6,215
Cewe Stiftung & Company KGAA	268		27,635
CompuGroup Medical SE & Company KGaA	1,368		70,468
CropEnergies AG	1,544		18,987
CTS Eventim AG & Company KGaA (A)	1,807		112,967
Dermapharm Holding SE	849		34,937
Deutsche Beteiligungs AG	1,067		32,326
Deutsche Pfandbriefbank AG (D)	6,014		52,135
Deutz AG	3,432		22,271
DIC Asset AG	3,005		25,833
Dr. Hoenle AG (A)(C)	420		9,168
Draegerwerk AG & Company KGaA	82		3,472
Duerr AG	2,868		103,054
Eckert & Ziegler Strahlen- und Medizintechnik AG	808		36,522
Elmos Semiconductor SE	454		44,191
ElringKlinger AG	2,576		26,376
Encavis AG	5,880		101,011
Energiekontor AG	454		32,749
Evotec SE (A)	2,387		50,419
Fielmann AG	1,241		51,762
flatexDEGIRO AG (A)	2,072		17,911
Fraport AG Frankfurt Airport Services Worldwide (A)	2,067		104,198
Freenet AG	5,773		150,009
Fuchs Petrolub SE	2,106		72,082
Gerresheimer AG	1,680		166,583
GFT Technologies SE	961		37,414
GK Software SE (A)	73		15,059
GRENKE AG	983		27,264
H&R GmbH & Company KGaA (A)	1,324		9,113
Hamburger Hafen und Logistik AG	1,330		16,430
Heidelberger Druckmaschinen AG (A)	18,003		33,443
Hensoldt AG	1,681		60,597
HOCHTIEF AG	1,110		92,836
Hornbach Holding AG & Company KGaA	497		39,778
HUGO BOSS AG	2,702		194,303
Hypoport SE (A)	149		20,575
Indus Holding AG	975		26,451
Instone Real Estate Group SE (D)	2,299		19,485
IVU Traffic Technologies AG	665		11,959
Jenoptik AG	2,990		101,896
JOST Werke AG (D)	517		27,261
K+S AG	7,752		165,078
Kloeckner & Company SE	2,892		31,091
Koenig & Bauer AG (A)	912		19,149
Krones AG	775		91,670
KWS Saat SE & Company KGaA	556		36,832
LANXESS AG	3,805		156,550
LEG Immobilien SE	497		27,313
Leifheit AG	437		8,545
Leoni AG (A)(C)	2,398		638
Manz AG (A)	233		6,082
Medigene AG (A)	760		1,561

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Medios AG (A)	842	$	18,624
METRO AG (A)	6,195		53,248
MLP SE	5,864		31,001
Nagarro SE (A)(C)	394		40,147
New Work SE	128		23,264
Nexus AG	866		51,503
Nordex SE (A)(C)	7,467		109,748
Norma Group SE	1,576		37,244
OHB SE	399		13,594
PATRIZIA SE	2,719		28,396
Pfeiffer Vacuum Technology AG	256		43,282
PNE AG	3,180		47,453
ProSiebenSat.1 Media SE	7,531		76,713
PSI Software AG (C)	815		24,195
PVA TePla AG (A)	1,420		33,460
Rational AG	17		11,427
SAF-Holland SE	1,157		14,788
Salzgitter AG	1,529		60,562
Scout24 SE (D)	2,783		165,531
Secunet Security Networks AG	141		31,245
SGL Carbon SE (A)	3,072		30,356
Siltronic AG	981		71,752
Sirius Real Estate, Ltd.	53,591		50,809
Sixt SE	733		97,638
SMA Solar Technology AG (A)	563		60,634
Software AG	2,610		57,241
Stabilus SE	1,440		100,671
STRATEC SE	407		27,746
Stroeer SE & Company KGaA	1,746		92,234
Suedzucker AG	2,959		49,713
SUESS MicroTec SE	1,803		44,965
Synlab AG	1,768		18,405
TAG Immobilien AG	8,916		61,724
Takkt AG	1,848		29,168
TeamViewer SE (A)(D)	6,009		102,366
Technotrans SE	530		16,097
thyssenkrupp AG	22,583		162,635
Traffic Systems SE	364		11,897
United Internet AG	2,139		36,872
va-Q-Tec AG (A)	318		7,587
Varta AG (C)	741		20,343
VERBIO Vereinigte BioEnergie AG	1,482		69,620
Vitesco Technologies Group AG (A)	992		71,734
Vossloh AG	859		39,916
Wacker Neuson SE	2,039		42,694
Washtec AG	611		27,104
Westwing Group SE (A)	385		3,197
Wuestenrot & Wuerttembergische AG	1,566		27,390
Zeal Network SE	461		17,665
			5,996,691
Gibraltar - 0.0%
888 Holdings PLC (A)	15,858		10,171
Greece - 0.0%
Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (A)(B)	3,303		66
Okeanis Eco Tankers Corp. (A)(D)	733		18,110
TT Hellenic Postbank SA (A)(B)	12,594		0
			18,176
Guernsey, Channel Islands - 0.0%
Raven Property Group, Ltd. (A)(B)	4,994		140
Hong Kong - 2.2%
3D-Gold Jewellery Holdings, Ltd. (A)(B)	90,000		0

 

115

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Aidigong Maternal & Child Health, Ltd. (A)	108,000	$	8,256
Allied Group, Ltd.	120,000		26,335
APAC Resources, Ltd.	18,475		2,526
Apollo Future Mobility Group, Ltd. (A)(C)	56,000		1,122
Asia Financial Holdings, Ltd.	14,000		6,179
ASMPT, Ltd.	11,500		114,057
Associated International Hotels, Ltd.	28,000		33,528
Brightoil Petroleum Holdings, Ltd. (A)(B)	117,000		12,855
Burwill Holdings, Ltd. (A)(B)	292,000		1,190
Cafe de Coral Holdings, Ltd.	18,000		23,891
Central Holding Group Company, Ltd. (A)	5,000		12,229
Chen Hsong Holdings	10,000		2,371
Cheuk Nang Holdings, Ltd.	3,708		1,026
China Energy Development Holdings, Ltd. (A)	634,000		8,146
China Solar Energy Holdings, Ltd. (A)(B)	42,500		0
Chinese Estates Holdings, Ltd. (A)	22,000		6,920
Chow Sang Sang Holdings International, Ltd.	22,000		30,582
Chuang's Consortium International, Ltd.	30,948		2,566
CITIC Telecom International Holdings, Ltd.	59,000		24,060
CMBC Capital Holdings, Ltd.	10,750		1,877
C-MER Eye Care Holdings, Ltd. (A)	18,000		10,573
Cowell e Holdings, Inc. (A)	8,000		19,137
Crystal International Group, Ltd. (D)	19,000		6,535
CSC Holdings, Ltd. (A)	885,000		4,163
CSI Properties, Ltd.	245,066		4,920
Dah Sing Banking Group, Ltd.	18,000		13,786
Dah Sing Financial Holdings, Ltd.	6,520		16,746
Dynamic Holdings, Ltd.	8,000		10,155
EC Healthcare	13,000		10,384
EganaGoldpfeil Holdings, Ltd. (A)(B)	103,373		0
Emperor Entertainment Hotel, Ltd. (A)	40,000		2,902
Emperor International Holdings, Ltd.	97,333		7,943
Esprit Holdings, Ltd. (A)	176,850		15,323
Fairwood Holdings, Ltd.	3,500		5,243
Far East Consortium International, Ltd.	98,508		24,218
First Pacific Company, Ltd.	112,000		35,996
Giordano International, Ltd.	82,000		24,508
Gold-Finance Holdings, Ltd. (A)(B)	62,000		0
GR Properties, Ltd. (A)	82,000		9,889
Great Eagle Holdings, Ltd.	10,516		21,132
G-Resources Group, Ltd.	33,580		8,366
Guotai Junan International Holdings, Ltd.	207,000		16,901
Haitong International Securities Group, Ltd. (A)	125,477		10,412
Hang Lung Group, Ltd.	31,000		54,732
Hanison Construction Holdings, Ltd.	27,441		4,054
Harbour Centre Development, Ltd. (A)	38,000		35,755
HKBN, Ltd.	36,000		26,636
HKR International, Ltd.	51,920		16,786
Hong Kong Ferry Holdings Company, Ltd.	29,000		26,152
Hong Kong Technology Venture Company, Ltd. (C)	28,000		16,290
Hongkong Chinese, Ltd.	66,000		4,215
Hsin Chong Group Holdings, Ltd. (A)(B)	170,000		7,580
Hutchison Port Holdings Trust	161,400		30,231

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Hutchison Telecommunications Hong Kong Holdings, Ltd.	80,000	$	12,634
Hysan Development Company, Ltd.	25,000		71,069
Johnson Electric Holdings, Ltd.	20,883		23,709
K Wah International Holdings, Ltd.	80,000		28,434
Kerry Logistics Network, Ltd.	16,500		25,634
Kerry Properties, Ltd.	23,500		60,019
Kowloon Development Company, Ltd.	22,000		23,610
Lai Sun Development Company, Ltd. (A)	22,980		4,560
Langham Hospitality Investments, Ltd.	22,500		3,011
Lippo China Resources, Ltd.	36,000		620
Liu Chong Hing Investment, Ltd.	16,000		13,293
Luk Fook Holdings International, Ltd.	15,000		47,989
Man Wah Holdings, Ltd.	61,600		50,759
Mandarin Oriental International, Ltd. (A)	8,000		13,897
Mason Group Holdings, Ltd. (A)	1,548,800		5,727
Melco International Development, Ltd. (A)	33,000		38,496
MH Development, Ltd. (A)(B)	16,000		1,064
Midland Holdings, Ltd. (A)	34,734		3,751
Miramar Hotel & Investment	15,000		22,695
Modern Dental Group, Ltd.	20,000		7,423
NewOcean Energy Holdings, Ltd. (A)(B)	66,000		295
Nissin Foods Company, Ltd.	22,000		19,435
NWS Holdings, Ltd.	64,000		57,296
Oriental Watch Holdings	18,000		9,978
Oshidori International Holdings, Ltd. (A)	204,000		6,638
Pacific Andes International Holdings, Ltd. (A)(B)	328,006		0
Pacific Basin Shipping, Ltd.	239,000		92,492
Pacific Century Premium Developments, Ltd. (A)	2,376		107
Pacific Textiles Holdings, Ltd.	42,000		13,542
Paliburg Holdings, Ltd. (A)	46,000		10,272
PC Partner Group, Ltd.	12,000		7,249
PCCW, Ltd.	156,590		78,167
Peace Mark Holdings, Ltd. (A)(B)	164,000		0
Perfect Medical Health Management, Ltd.	32,000		16,089
Pico Far East Holdings, Ltd.	60,000		10,718
Public Financial Holdings, Ltd.	24,000		6,732
Realord Group Holdings, Ltd. (A)(C)	6,000		4,143
Regal Hotels International Holdings, Ltd. (A)	36,000		14,307
Regina Miracle International Holdings, Ltd. (D)	17,000		6,495
Shangri-La Asia, Ltd. (A)	46,000		43,129
Shin Hwa World, Ltd. (A)	75,600		1,633
Shun Tak Holdings, Ltd. (A)	80,250		14,732
Singamas Container Holdings, Ltd.	114,000		9,035
SJM Holdings, Ltd. (A)	118,750		59,429
SmarTone Telecommunications Holdings, Ltd.	31,500		20,189
Solomon Systech International, Ltd.	72,000		4,537
South China Holdings Company, Ltd. (A)	640,000		3,930
Stella International Holdings, Ltd.	20,000		21,261
Sun Hung Kai & Company, Ltd.	45,000		17,167
SUNeVision Holdings, Ltd.	31,000		17,635
Tao Heung Holdings, Ltd.	14,000		1,518
Television Broadcasts, Ltd. (A)	19,100		24,062
Texhong International Group, Ltd.	11,000		8,438
Texwinca Holdings, Ltd.	60,000		10,293
The Bank of East Asia, Ltd.	33,715		42,830

 

116

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
The Hongkong & Shanghai Hotels, Ltd. (A)	31,903	$	31,804
Town Health International Medical Group, Ltd.	261,361		10,623
Tradelink Electronic Commerce, Ltd.	50,000		6,070
Transport International Holdings, Ltd.	11,721		15,836
United Laboratories International Holdings, Ltd.	42,000		29,150
Upbest Group, Ltd.	164,000		14,658
Value Partners Group, Ltd.	40,000		12,726
Vitasoy International Holdings, Ltd.	34,000		65,872
VSTECS Holdings, Ltd.	47,200		27,673
VTech Holdings, Ltd.	6,900		41,294
Wai Kee Holdings, Ltd.	24,000		5,173
Wealthking Investments, Ltd. (A)	32,000		1,410
Wing On Company International, Ltd.	4,000		6,855
Wing Tai Properties, Ltd.	70,000		30,604
Yue Yuen Industrial Holdings, Ltd.	30,000		42,201
Yunfeng Financial Group, Ltd. (A)	26,000		3,941
Zensun Enterprises, Ltd. (A)	21,000		2,464
Zhaobangji Properties Holdings, Ltd. (A)	88,000		3,483
			2,285,383
Ireland - 0.6%
AIB Group PLC	10,673		43,200
Bank of Ireland Group PLC	16,106		162,966
C&C Group PLC (A)	17,690		34,381
Cairn Homes PLC	24,718		27,347
COSMO Pharmaceuticals NV	753		46,727
Dalata Hotel Group PLC (A)	6,155		27,908
FBD Holdings PLC	1,936		28,442
Glanbia PLC	5,630		81,300
Glenveagh Properties PLC (A)(D)	24,326		26,494
Grafton Group PLC, CHESS Depositary Interest	9,527		104,345
Greencore Group PLC (A)	23,830		23,915
Hostelworld Group PLC (A)(D)	3,065		4,999
Irish Continental Group PLC	5,309		25,114
Permanent TSB Group Holdings PLC (A)	5,786		14,473
			651,611
Isle of Man - 0.1%
Hansard Global PLC	6,816		3,839
Playtech PLC (A)	11,001		71,482
Strix Group PLC (C)	6,042		7,400
			82,721
Israel - 1.2%
Adgar Investment and Development, Ltd.	4,535		4,903
AFI Properties, Ltd. (A)	603		15,903
Africa Israel Residences, Ltd.	355		13,965
Airport City, Ltd. (A)	1		8
Allot, Ltd. (A)	2,103		6,035
Alrov Properties and Lodgings, Ltd.	399		16,673
Arad, Ltd.	787		8,751
Ashtrom Group, Ltd.	1,079		16,232
AudioCodes, Ltd.	1,269		19,137
Aura Investments, Ltd.	10,003		13,446
Automatic Bank Services, Ltd.	1,109		3,804
Azorim-Investment Development & Construction Company, Ltd.	3,848		9,621
Bet Shemesh Engines Holdings 1997, Ltd. (A)	358		7,884
BioLine RX, Ltd. (A)	48,850		2,737
Blue Square Real Estate, Ltd.	215		11,723
Carasso Motors, Ltd.	2,020		9,569

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Cellcom Israel, Ltd. (A)	4,807	$	17,393
Clal Biotechnology Industries, Ltd. (A)	1		0
Clal Insurance Enterprises Holdings, Ltd. (A)	2,090		28,431
Danel Adir Yeoshua, Ltd.	253		18,559
Delek Automotive Systems, Ltd.	1,858		17,299
Delta Galil, Ltd.	618		24,527
Dor Alon Energy in Israel 1988, Ltd.	420		9,006
Electra Consumer Products 1970, Ltd.	445		12,083
Electra Real Estate, Ltd.	1,543		13,751
Equital, Ltd. (A)	1,096		26,255
Formula Systems 1985, Ltd.	549		36,426
Fox Wizel, Ltd.	228		19,477
Gav-Yam Lands Corp., Ltd.	3,034		22,245
Gilat Satellite Networks, Ltd. (A)	1,452		7,329
Hamat Group, Ltd. (A)	1,230		5,960
Hilan, Ltd.	803		33,508
IDI Insurance Company, Ltd.	440		10,820
IES Holdings, Ltd. (A)	120		8,005
Ilex Medical, Ltd.	211		4,877
Inrom Construction Industries, Ltd.	4,264		14,479
Isracard, Ltd.	6,691		27,968
Israel Canada T.R, Ltd.	6,076		11,115
Israel Discount Bank, Ltd., Class A	1		4
Israel Land Development Company, Ltd.	789		6,532
Isras Investment Company, Ltd.	142		23,407
Issta, Ltd.	219		4,452
Kamada, Ltd. (A)	1,616		7,601
Kerur Holdings, Ltd.	418		9,276
Levinstein Properties, Ltd.	267		5,428
M Yochananof & Sons, Ltd.	155		7,141
Magic Software Enterprises, Ltd.	1,349		17,763
Malam - Team, Ltd.	476		8,849
Matrix IT, Ltd.	472		8,319
Maytronics, Ltd.	960		10,219
Mediterranean Towers, Ltd.	4,044		7,970
Mega Or Holdings, Ltd.	757		16,300
Mehadrin, Ltd. (A)	15		473
Menora Mivtachim Holdings, Ltd.	1,766		35,956
Migdal Insurance & Financial Holdings, Ltd. (A)	19,833		21,198
Mivtach Shamir Holdings, Ltd.	397		7,510
Naphtha Israel Petroleum Corp., Ltd.	2,030		8,602
Nawi Brothers, Ltd.	1,396		10,627
Neto Malinda Trading, Ltd. (A)	451		8,872
Neto ME Holdings, Ltd. (A)	273		5,989
Novolog, Ltd.	20,186		10,173
Oil Refineries, Ltd.	102,102		27,947
One Software Technologies, Ltd.	1,700		17,351
OPC Energy, Ltd. (A)	1		7
Partner Communications Company, Ltd. (A)	5,179		23,989
Paz Oil Company, Ltd. (A)	345		33,782
Perion Network, Ltd. (A)	1,368		53,323
Plasson Industries, Ltd.	241		9,550
Plus500, Ltd.	4,668		97,316
Prashkovsky Investments and Construction, Ltd.	318		6,874
Priortech, Ltd. (A)	398		7,206
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.	449		26,693
Sano-Brunos Enterprises, Ltd. (A)	145		8,242
Scope Metals Group, Ltd. (A)	377		12,621
Shikun & Binui, Ltd. (A)	1		2
Summit Real Estate Holdings, Ltd.	2,363		26,146

 

117

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Tadiran Group, Ltd.	86	$	7,829
Tamar Petroleum, Ltd. (D)	3,135		8,749
Tel Aviv Stock Exchange, Ltd. (A)	3,160		13,771
Telsys, Ltd.	84		4,612
Tera Light, Ltd. (A)	32		39
Tiv Taam Holdings 1, Ltd.	3,848		6,859
Tremor International, Ltd. (A)	2,825		7,329
YH Dimri Construction & Development, Ltd.	285		16,258
			1,189,060
Italy - 3.8%
A2A SpA	70,456		112,435
ACEA SpA	2,494		34,102
Anima Holding SpA (D)	9,201		37,391
Aquafil SpA	969		5,254
Arnoldo Mondadori Editore SpA	12,613		26,743
Ascopiave SpA	4,243		12,252
Avio SpA	877		8,853
Azimut Holding SpA	5,155		109,996
Banca Generali SpA	3,053		97,194
Banca IFIS SpA	1,607		24,310
Banca Mediolanum SpA	8,320		75,313
Banca Popolare di Sondrio SpA	19,792		83,805
Banca Profilo SpA	24,032		5,474
Banco BPM SpA	68,596		267,961
Banco di Desio e della Brianza SpA	2,610		9,469
BasicNet SpA	1,571		9,626
BFF Bank SpA (D)	5,595		55,515
BPER Banca	49,221		121,105
Brembo SpA	5,497		80,471
Brunello Cucinelli SpA	2,232		221,453
Buzzi Unicem SpA	4,791		116,285
Cairo Communication SpA	4,712		9,546
Carel Industries SpA (D)	1,608		43,889
Cembre SpA	370		12,248
Cementir Holding NV	4,165		35,646
CIR SpA-Compagnie Industriali (A)	60,979		25,415
Credito Emiliano SpA	6,238		46,123
Danieli & C Officine Meccaniche SpA	788		20,873
Danieli & C Officine Meccaniche SpA, Savings Shares	2,118		42,022
De' Longhi SpA	2,969		67,746
doValue SpA (D)	5,440		37,226
El.En. SpA	1,004		13,125
Enav SpA (D)	8,617		36,065
Esprinet SpA	2,412		24,153
Eurotech SpA (A)(C)	1,562		5,225
Fila SpA	2,245		16,890
Fincantieri SpA (A)	18,635		11,935
Garofalo Health Care SpA (A)	1,776		7,203
Geox SpA (A)	8,390		9,730
Gruppo MutuiOnline SpA	1,697		48,030
Hera SpA	37,774		106,777
Illimity Bank SpA (A)	5,067		33,823
IMMSI SpA	6,756		4,243
Interpump Group SpA	3,216		180,348
Iren SpA	30,720		58,921
Italgas SpA	22,890		139,614
Italmobiliare SpA	1,039		29,168
Iveco Group NV (A)	8,389		79,337
Leonardo SpA	19,212		225,311
Maire Tecnimont SpA	10,323		44,343
MFE-MediaForEurope NV, Class A	53,918		24,803
MFE-MediaForEurope NV, Class B	18,917		12,928
OVS SpA (D)	11,708		30,707

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Pharmanutra SpA	268	$	16,137
Piaggio & C SpA	11,658		49,696
Piovan SpA (D)	884		9,955
Pirelli & C. SpA (D)	16,502		82,670
RAI Way SpA (D)	5,678		34,178
Reply SpA	1,004		126,076
Sabaf SpA	338		5,980
SAES Getters SpA	409		13,108
SAES Getters SpA, Savings Shares	538		14,232
Salvatore Ferragamo SpA	2,452		44,848
Sanlorenzo SpA/Ameglia	556		24,160
Saras SpA (A)	32,800		50,966
Sesa SpA	391		52,264
Sogefi SpA (A)	3,551		4,254
SOL SpA	2,259		60,367
Tamburi Investment Partners SpA	5,938		53,513
Technogym SpA (D)	6,815		60,628
Tinexta SpA	1,069		23,204
Unieuro SpA (D)	1,088		12,821
Unipol Gruppo SpA	19,628		100,763
Webuild SpA	14,544		33,048
Zignago Vetro SpA	1,669		32,481
			3,903,769
Japan - 24.2%
A&D HOLON Holdings Company, Ltd.	900		9,732
Access Company, Ltd. (A)	2,300		15,216
Achilles Corp.	1,000		10,230
Adastria Company, Ltd.	1,620		29,951
ADEKA Corp.	3,600		61,640
Ad-sol Nissin Corp.	800		10,357
Advan Group Company, Ltd.	1,000		7,299
Aeon Delight Company, Ltd.	1,400		32,160
Aeon Fantasy Company, Ltd.	400		8,469
Aeon Hokkaido Corp.	1,800		10,944
Aeria, Inc.	700		2,037
Ai Holdings Corp.	1,900		32,961
Aica Kogyo Company, Ltd.	1,800		41,363
Aichi Corp.	3,200		19,259
Aichi Financial Group, Inc.	2,898		47,250
Aichi Steel Corp.	700		12,393
Aichi Tokei Denki Company, Ltd.	900		10,167
Aida Engineering, Ltd.	4,500		27,837
Aiful Corp.	8,600		23,327
Ain Holdings, Inc.	1,100		46,119
Aiphone Company, Ltd.	600		9,246
Airport Facilities Company, Ltd.	1,200		4,973
Airtrip Corp.	900		17,843
Aisan Industry Company, Ltd.	2,500		17,023
Aizawa Securities Group Company, Ltd.	2,400		12,526
Akatsuki, Inc.	400		6,727
Akebono Brake Industry Company, Ltd. (A)	9,400		10,299
Albis Company, Ltd.	500		9,392
Alconix Corp.	1,600		16,480
Alpen Company, Ltd.	1,100		16,572
Alps Alpine Company, Ltd.	1,600		15,398
Altech Corp.	1,100		21,000
Amano Corp.	2,200		41,566
Amuse, Inc.	400		5,375
Amvis Holdings, Inc.	300		6,986
Anest Iwata Corp.	1,800		13,660
AnGes, Inc. (A)	6,300		5,678
Anicom Holdings, Inc.	3,700		14,290
Anritsu Corp.	6,700		61,934
AOKI Holdings, Inc.	3,100		19,981

 

118

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Aoyama Trading Company, Ltd.	2,500	$	17,764
Aoyama Zaisan Networks Company, Ltd.	1,100		8,820
Arakawa Chemical Industries, Ltd.	1,400		10,546
Arata Corp.	700		21,463
Arcland Service Holdings Company, Ltd.	1,000		16,948
ARCLANDS Corp.	1,000		11,273
Arcs Company, Ltd.	2,125		36,032
Arealink Company, Ltd.	500		8,879
Argo Graphics, Inc.	1,000		27,855
Arisawa Manufacturing Company, Ltd.	2,900		27,504
ARTERIA Networks Corp.	1,600		15,414
Aruhi Corp.	500		4,021
As One Corp.	1,000		42,561
Asahi Company, Ltd.	800		8,181
Asahi Diamond Industrial Company, Ltd.	3,900		27,634
Asahi Holdings, Inc.	3,600		55,013
Asahi Yukizai Corp.	1,200		28,767
Asanuma Corp.	1,400		32,911
Asia Pile Holdings Corp.	3,300		18,350
ASKA Pharmaceutical Holdings Company, Ltd.	1,600		14,394
ASKUL Corp.	2,000		26,038
Atrae, Inc. (A)	600		4,197
Atsugi Company, Ltd. (A)	1,200		3,628
Aucnet, Inc.	1,100		13,310
Autobacs Seven Company, Ltd.	3,400		37,075
Avant Group Corp.	900		9,749
Avex, Inc.	2,800		31,681
Axial Retailing, Inc.	800		20,765
AZ-COM MARUWA Holdings, Inc.	3,100		46,691
Bando Chemical Industries, Ltd.	2,500		20,033
Bank of the Ryukyus, Ltd.	3,000		20,991
Belc Company, Ltd.	500		21,151
Bell System24 Holdings, Inc.	2,400		26,233
Belluna Company, Ltd.	3,300		17,503
Benesse Holdings, Inc.	2,200		32,238
Bengo4.com, Inc. (A)	300		5,504
Bic Camera, Inc.	3,800		31,936
BML, Inc.	1,000		23,345
Bourbon Corp.	500		8,056
Br. Holdings Corp.	2,300		6,164
BrainPad, Inc. (A)	900		4,878
Bunka Shutter Company, Ltd.	5,000		41,811
Business Brain Showa-Ota, Inc.	700		11,125
C Uyemura & Company, Ltd.	800		39,262
CAC Holdings Corp.	900		11,451
Canon Electronics, Inc.	1,700		23,751
Carenet, Inc.	1,200		9,851
Carlit Holdings Company, Ltd.	2,100		11,032
Cawachi, Ltd.	900		15,545
CellSource Company, Ltd. (A)	600		14,129
Celsys, Inc. (C)	3,200		16,488
Central Automotive Products, Ltd.	500		9,940
Central Glass Company, Ltd.	1,400		31,080
Central Security Patrols Company, Ltd.	700		14,348
Central Sports Company, Ltd.	600		11,150
Ceres, Inc.	600		5,716
Change, Inc.	1,700		30,301
Charm Care Corp. KK	1,000		8,386
Chilled & Frozen Logistics Holdings Company, Ltd.	1,600		15,380
Chino Corp.	400		6,502
Chiyoda Company, Ltd.	800		4,927
Chiyoda Corp. (A)	9,100		26,977
Chiyoda Integre Company, Ltd.	800		13,494

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Chofu Seisakusho Company, Ltd.	1,700	$	28,576
Chori Company, Ltd.	1,200		22,751
Chubu Shiryo Company, Ltd.	2,000		15,780
Chudenko Corp.	1,900		30,621
Chuetsu Pulp & Paper Company, Ltd.	500		3,873
Chugai Ro Company, Ltd.	500		6,996
Chugin Financial Group, Inc.	6,700		45,019
Chugoku Marine Paints, Ltd.	4,000		33,119
CI Takiron Corp.	3,000		11,174
Citizen Watch Company, Ltd.	11,100		65,309
CKD Corp.	2,400		39,189
Cleanup Corp.	2,100		10,962
CMIC Holdings Company, Ltd.	1,200		18,783
CMK Corp.	3,700		12,801
COLOPL, Inc.	3,200		14,474
Colowide Company, Ltd.	3,200		46,561
Comture Corp.	1,000		15,712
COOKPAD, Inc. (A)	2,700		4,267
Corona Corp.	300		2,060
Cosel Company, Ltd.	1,200		10,314
Cota Company, Ltd.	585		6,769
CRE, Inc.	800		7,774
Create Restaurants Holdings, Inc.	5,800		44,263
Create SD Holdings Company, Ltd.	1,700		43,209
Creek & River Company, Ltd.	800		13,959
Cresco, Ltd.	800		10,274
CTS Company, Ltd.	1,900		11,037
Curves Holdings Company, Ltd.	2,000		11,570
Cybozu, Inc.	2,000		44,618
Dai Nippon Toryo Company, Ltd.	1,200		7,686
Daicel Corp.	6,200		46,849
Dai-Dan Company, Ltd.	1,000		17,905
Daido Metal Company, Ltd.	1,900		7,338
Daido Steel Company, Ltd.	800		31,489
Daihen Corp.	1,100		36,973
Daiho Corp.	800		22,237
Daiichi Jitsugyo Company, Ltd.	400		16,820
Daiichi Kensetsu Corp.	1,300		13,692
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	1,800		13,833
Daiken Corp.	1,000		17,230
Daiken Medical Company, Ltd.	400		1,453
Daiki Aluminium Industry Company, Ltd.	3,000		32,482
Daikoku Denki Company, Ltd.	800		19,438
Daikokutenbussan Company, Ltd.	300		11,383
Daikyonishikawa Corp.	1,900		9,273
Dainichiseika Color & Chemicals Manufacturing Company, Ltd.	300		4,045
Daio Paper Corp.	4,200		32,847
Daiseki Company, Ltd.	2,160		68,657
Daishi Hokuetsu Financial Group, Inc.	1,100		24,041
Daishinku Corp.	1,600		8,830
Daito Pharmaceutical Company, Ltd.	700		13,031
Daitron Company, Ltd.	600		12,111
Daiwa Industries, Ltd.	2,000		20,943
Daiwabo Holdings Company, Ltd.	4,000		66,066
DCM Holdings Company, Ltd.	5,100		44,442
DeNA Company, Ltd.	2,700		36,898
Densan System Holdings Company, Ltd.	700		14,011
Denyo Company, Ltd.	900		11,584
Dexerials Corp.	2,500		51,112
DIC Corp.	2,700		48,639
Digital Arts, Inc.	700		27,160
Digital Garage, Inc.	500		16,517

 

119

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Digital Hearts Holdings Company, Ltd.	900	$	9,931
Digital Holdings, Inc.	600		5,205
Dip Corp.	1,400		37,527
Direct Marketing MiX, Inc.	900		9,251
DKK Company, Ltd.	1,000		16,871
DKS Company, Ltd.	400		5,699
DMG Mori Company, Ltd.	4,700		79,458
Doshisha Company, Ltd.	1,700		24,888
Doutor Nichires Holdings Company, Ltd.	2,300		32,881
DTS Corp.	1,800		43,856
Duskin Company, Ltd.	1,600		38,513
DyDo Group Holdings, Inc.	700		25,738
Eagle Industry Company, Ltd.	2,200		19,796
Ebara Jitsugyo Company, Ltd.	800		17,373
Ebase Company, Ltd.	1,200		6,248
EDION Corp.	2,700		26,110
EF-ON, Inc.	1,500		7,049
eGuarantee, Inc.	2,000		32,914
E-Guardian, Inc.	900		15,662
Eiken Chemical Company, Ltd.	1,800		21,280
Eizo Corp.	800		24,764
Elan Corp.	2,800		22,244
Elecom Company, Ltd.	1,600		15,218
Elematec Corp.	1,400		19,631
EM Systems Company, Ltd.	1,400		8,948
Enigmo, Inc.	2,400		9,081
en-japan, Inc.	2,100		36,243
Enplas Corp.	600		22,204
eRex Company, Ltd.	1,900		26,370
ES-Con Japan, Ltd.	1,500		9,852
ESPEC Corp.	1,600		24,665
Exedy Corp.	1,900		25,998
EXEO Group, Inc.	3,600		65,163
Ezaki Glico Company, Ltd.	2,000		50,304
FCC Company, Ltd.	2,200		25,789
FDK Corp. (A)	1,100		7,274
Feed One Company, Ltd.	1,600		8,167
Ferrotec Holdings Corp.	2,000		50,595
FIDEA Holdings Company, Ltd.	2,140		21,547
Financial Partners Group Company, Ltd.	1,800		15,752
Fixstars Corp.	2,000		22,434
Foster Electric Company, Ltd.	2,100		18,273
France Bed Holdings Company, Ltd.	2,200		17,585
Fudo Tetra Corp.	1,080		13,316
Fuji Corp. (Aichi)	2,600		44,025
Fuji Corp., Ltd.	1,300		6,664
Fuji Kyuko Company, Ltd.	800		26,548
Fuji Media Holdings, Inc.	3,300		29,807
Fuji Oil Company, Ltd.	4,400		8,792
Fuji Oil Holdings, Inc.	2,500		36,329
Fuji Pharma Company, Ltd.	1,400		11,975
Fuji Seal International, Inc.	2,100		24,006
Fuji Soft, Inc.	500		29,025
Fujibo Holdings, Inc.	700		17,490
Fujicco Company, Ltd.	1,500		20,974
Fujikura Kasei Company, Ltd.	2,000		6,635
Fujikura, Ltd.	1,900		13,497
Fujimi, Inc.	800		44,292
Fujimori Kogyo Company, Ltd.	800		19,304
Fujisash Company, Ltd.	4,900		2,402
Fujiya Company, Ltd.	500		9,315
Fukuda Corp.	200		7,023
Fukuda Denshi Company, Ltd.	1,000		32,190
Fukui Computer Holdings, Inc.	300		6,219
Fukushima Galilei Company, Ltd.	500		18,076

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Fukuyama Transporting Company, Ltd.	1,000	$	27,199
FULLCAST Holdings Company, Ltd.	1,000		18,308
Funai Soken Holdings, Inc.	1,800		36,955
Furukawa Company, Ltd.	1,900		18,351
Furukawa Electric Company, Ltd.	2,900		54,018
Furuno Electric Company, Ltd.	2,400		17,722
Furuya Metal Company, Ltd.	300		20,674
Furyu Corp.	1,300		11,766
Fuso Chemical Company, Ltd.	1,000		28,575
Fuso Pharmaceutical Industries, Ltd.	500		7,531
Futaba Corp.	1,600		6,292
Futaba Industrial Company, Ltd.	3,400		10,957
Future Corp.	2,400		33,175
Fuyo General Lease Company, Ltd.	600		40,824
G-7 Holdings, Inc.	2,000		21,875
Gakken Holdings Company, Ltd.	1,600		10,288
Gecoss Corp.	400		2,668
Genki Sushi Company, Ltd.	500		11,566
Genky DrugStores Company, Ltd.	600		17,716
Geo Holdings Corp.	2,700		32,690
GLOBERIDE, Inc.	1,200		22,513
Glory, Ltd.	2,100		45,969
GMO Financial Holdings, Inc.	1,600		6,983
GMO GlobalSign Holdings KK	500		15,456
Goldcrest Company, Ltd.	990		12,791
Golf Digest Online, Inc.	800		5,997
Gremz, Inc.	800		14,502
GS Yuasa Corp.	3,000		54,184
G-Tekt Corp.	1,200		12,996
Gun-Ei Chemical Industry Company, Ltd.	400		7,811
GungHo Online Entertainment, Inc.	2,000		36,639
Gunze, Ltd.	800		27,099
H.U. Group Holdings, Inc.	1,600		32,218
H2O Retailing Corp.	2,600		29,249
Hagihara Industries, Inc.	800		7,562
Hagiwara Electric Holdings Company, Ltd.	500		12,566
Hakudo Company, Ltd.	600		11,873
Hakuto Company, Ltd.	1,300		48,437
Halows Company, Ltd.	600		14,449
Hamakyorex Company, Ltd.	1,000		24,389
Hanwa Company, Ltd.	1,500		44,844
Happinet Corp.	1,000		14,063
Hazama Ando Corp.	8,390		54,268
Heiwa Corp.	1,500		29,760
Heiwa Real Estate Company, Ltd.	1,500		42,930
Heiwado Company, Ltd.	2,000		30,737
Hennge KK (A)	1,000		5,652
Hibiya Engineering, Ltd.	1,500		24,494
HI-LEX Corp.	600		5,500
Hioki EE Corp.	500		32,771
Hirano Tecseed Company, Ltd.	1,100		17,146
Hirogin Holdings, Inc.	10,600		50,122
Hiroshima Gas Company, Ltd.	4,900		13,093
Hisaka Works, Ltd.	2,000		13,505
Hitachi Zosen Corp.	5,500		36,085
Hochiki Corp.	600		7,022
Hodogaya Chemical Company, Ltd.	700		15,965
Hokkaido Electric Power Company, Inc. (A)	11,100		40,735
Hokkaido Gas Company, Ltd.	600		8,803
Hokkan Holdings, Ltd.	1,000		10,347
Hokko Chemical Industry Company, Ltd.	700		4,470
Hokkoku Financial Holdings, Inc.	900		28,125

 

120

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Hokuetsu Corp.	6,100	$	40,917
Hokuetsu Industries Company, Ltd.	2,000		21,168
Hokuhoku Financial Group, Inc.	5,900		41,285
Hokuriku Electric Power Company (A)	9,400		42,071
Hokuto Corp.	1,600		22,386
H-One Company, Ltd.	1,000		4,770
Honeys Holdings Company, Ltd.	1,350		16,940
Hoosiers Holdings Company, Ltd.	3,400		21,218
Horiba, Ltd.	1,400		84,024
Hosiden Corp.	3,000		36,541
Hosokawa Micron Corp.	1,000		21,928
HS Holdings Company, Ltd.	1,000		7,398
IBJ, Inc.	1,800		9,590
Ichikoh Industries, Ltd.	2,300		8,156
Ichinen Holdings Company, Ltd.	1,900		18,153
Ichiyoshi Securities Company, Ltd.	2,800		12,800
Icom, Inc.	500		9,538
IDEC Corp.	1,600		41,691
IDOM, Inc.	3,900		25,238
Ihara Science Corp. (A)	800		17,912
Iino Kaiun Kaisha, Ltd.	4,600		34,997
IJTT Company, Ltd.	1,200		4,823
I'll, Inc.	1,100		19,916
Imasen Electric Industrial	500		2,780
Imuraya Group Company, Ltd.	300		5,033
Inaba Denki Sangyo Company, Ltd.	2,100		45,905
Inaba Seisakusho Company, Ltd.	200		2,168
Inabata & Company, Ltd.	2,000		40,671
Inageya Company, Ltd.	2,100		20,353
Ines Corp.	900		9,339
i-Net Corp.	900		8,668
Infocom Corp.	1,000		17,720
Infomart Corp.	8,700		18,277
INFRONEER Holdings, Inc.	3,468		26,804
Insource Company, Ltd.	3,800		38,876
Intage Holdings, Inc.	1,700		19,949
Inter Action Corp.	800		9,241
Inui Global Logistics Company, Ltd.	1,600		21,718
I-PEX, Inc.	500		5,322
IR Japan Holdings, Ltd.	400		7,094
Iriso Electronics Company, Ltd.	1,000		37,249
Iseki & Company, Ltd.	1,200		10,811
Ishihara Sangyo Kaisha, Ltd.	2,100		17,752
ITFOR, Inc.	1,000		6,508
ITmedia, Inc.	900		9,534
Itochu Enex Company, Ltd.	3,800		32,401
Itochu-Shokuhin Company, Ltd.	300		11,549
Itoham Yonekyu Holdings, Inc.	7,500		39,597
Itoki Corp.	2,100		11,887
IwaiCosmo Holdings, Inc.	900		9,109
Iyogin Holdings, Inc.	7,000		39,785
Izumi Company, Ltd.	1,900		45,158
J Front Retailing Company, Ltd.	1,800		17,976
J Trust Company, Ltd.	6,286		18,808
JAC Recruitment Company, Ltd.	1,200		23,674
Jaccs Company, Ltd.	900		29,880
JAFCO Group Company, Ltd.	3,100		44,403
JANOME Corp.	1,200		5,696
Japan Aviation Electronics Industry, Ltd.	2,300		40,050
Japan Cash Machine Company, Ltd.	700		6,360
Japan Communications, Inc. (A)	15,200		28,373
Japan Electronic Materials Corp.	1,800		20,759
Japan Elevator Service Holdings Company, Ltd.	3,300		53,861
Japan Investment Adviser Company, Ltd.	1,000		8,016

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Japan Lifeline Company, Ltd.	4,400	$	30,526
Japan Material Company, Ltd.	2,900		51,873
Japan Medical Dynamic Marketing, Inc.	900		7,089
Japan Petroleum Exploration Company, Ltd.	1,200		40,444
Japan Property Management Center Company, Ltd.	800		6,381
Japan Pulp & Paper Company, Ltd.	600		23,335
Japan Securities Finance Company, Ltd.	3,300		25,383
Japan Transcity Corp.	3,100		14,305
Japan Wool Textile Company, Ltd.	4,000		29,830
Jastec Company, Ltd.	400		3,863
JBCC Holdings, Inc.	1,200		19,693
JCR Pharmaceuticals Company, Ltd.	2,000		21,434
JCU Corp.	1,300		33,998
Jeol, Ltd.	2,000		64,646
Jimoto Holdings, Inc.	980		2,883
JINS Holdings, Inc.	800		21,830
JINUSHI Company, Ltd.	1,100		15,917
JM Holdings Company, Ltd.	600		8,791
JMS Company, Ltd.	500		1,975
J-Oil Mills, Inc.	1,200		13,780
Joshin Denki Company, Ltd.	1,100		16,244
Joyful Honda Company, Ltd.	1,900		24,606
JSB Company, Ltd.	400		13,746
JSP Corp.	800		9,372
Juki Corp.	1,400		6,621
Juroku Financial Group, Inc.	1,700		36,274
Justsystems Corp.	1,500		40,106
JVCKenwood Corp.	9,070		26,158
K&O Energy Group, Inc.	800		12,753
Kaga Electronics Company, Ltd.	1,100		41,773
Kagome Company, Ltd.	500		11,661
Kaken Pharmaceutical Company, Ltd.	1,200		33,507
Kakiyasu Honten Company, Ltd.	500		8,384
Kamakura Shinsho, Ltd.	1,200		9,278
Kameda Seika Company, Ltd.	700		23,204
Kamei Corp.	2,000		22,266
Kanaden Corp.	1,100		9,652
Kanagawa Chuo Kotsu Company, Ltd.	700		17,227
Kanamic Network Company, Ltd.	600		2,217
Kanamoto Company, Ltd.	1,900		31,305
Kandenko Company, Ltd.	4,700		33,202
Kaneka Corp.	2,300		60,100
Kanematsu Corp.	3,500		43,466
Kanto Denka Kogyo Company, Ltd.	2,000		15,646
Kasai Kogyo Company, Ltd. (A)	1,000		1,560
Katakura Industries Company, Ltd.	1,700		23,845
Katitas Company, Ltd.	1,800		35,228
Kato Sangyo Company, Ltd.	1,100		29,203
Kato Works Company, Ltd.	400		3,136
Kawada Technologies, Inc.	200		5,689
KeePer Technical Laboratory Company, Ltd.	500		18,695
Keihanshin Building Company, Ltd.	2,000		18,093
Keiyo Company, Ltd.	3,400		21,633
Kenko Mayonnaise Company, Ltd.	900		8,203
KFC Holdings Japan, Ltd.	1,500		31,991
KH Neochem Company, Ltd.	1,500		27,279
Kimoto Company, Ltd.	3,000		4,511
King Jim Company, Ltd.	1,400		9,597
Kissei Pharmaceutical Company, Ltd.	1,700		33,944
Ki-Star Real Estate Company, Ltd.	600		18,818
Kitanotatsujin Corp.	3,300		8,377
Kitz Corp.	4,600		32,345

 

121

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Koa Corp.	1,700	$	23,745
Koatsu Gas Kogyo Company, Ltd.	3,000		15,978
Kobe Electric Railway Company, Ltd. (A)	300		7,163
Kobe Steel, Ltd.	13,000		103,634
Kohnan Shoji Company, Ltd.	1,200		29,427
Kojima Company, Ltd.	3,000		12,698
Kokuyo Company, Ltd.	4,000		56,791
Komatsu Matere Company, Ltd.	1,700		8,894
KOMEDA Holdings Company, Ltd.	2,000		35,517
Komeri Company, Ltd.	1,500		30,984
Komori Corp.	3,700		27,762
Kondotec, Inc.	1,300		9,836
Konica Minolta, Inc.	14,200		61,160
Konishi Company, Ltd.	2,200		31,918
Konoike Transport Company, Ltd.	2,600		29,321
Kotobuki Spirits Company, Ltd.	500		35,478
Krosaki Harima Corp.	400		20,083
KRS Corp.	1,100		8,214
K's Holdings Corp.	7,100		62,338
Kumagai Gumi Company, Ltd.	1,800		36,134
Kumiai Chemical Industry Company, Ltd.	3,400		21,883
Kurabo Industries, Ltd.	1,600		30,467
Kureha Corp.	500		32,035
Kurimoto, Ltd.	1,000		15,354
Kusuri no Aoki Holdings Company, Ltd.	700		35,503
KYB Corp.	1,000		30,412
Kyodo Printing Company, Ltd.	500		10,380
Kyoei Steel, Ltd.	1,800		21,908
Kyokuto Kaihatsu Kogyo Company, Ltd.	2,300		28,112
Kyokuto Securities Company, Ltd.	2,300		10,319
Kyokuyo Company, Ltd.	700		18,093
KYORIN Holdings, Inc.	1,900		24,455
Kyoritsu Maintenance Company, Ltd.	600		24,263
Kyosan Electric Manufacturing Company, Ltd.	2,000		6,427
Kyudenko Corp.	1,800		45,783
Kyushu Financial Group, Inc.	16,000		57,732
LAC Company, Ltd.	1,400		7,413
Lacto Japan Company, Ltd.	800		12,332
LEC, Inc.	1,600		9,737
Leopalace21 Corp. (A)	6,400		17,287
Life Corp.	800		15,617
LIFULL Company, Ltd.	3,800		6,183
Link And Motivation, Inc.	2,300		9,142
Lintec Corp.	1,900		31,130
Litalico, Inc.	1,300		25,433
Locondo, Inc. (A)	400		3,353
M&A Capital Partners Company, Ltd. (A)	600		16,836
Mabuchi Motor Company, Ltd.	2,200		64,194
Macnica Holdings, Inc.	1,750		49,848
Macromill, Inc.	2,300		16,353
Maeda Kosen Company, Ltd.	1,100		26,786
Maezawa Kasei Industries Company, Ltd.	1,100		12,617
Maezawa Kyuso Industries Company, Ltd.	1,800		13,036
Makino Milling Machine Company, Ltd.	1,200		44,100
Management Solutions Company, Ltd.	1,300		32,620
Mandom Corp.	1,600		17,874
Mani, Inc.	3,500		47,927
MarkLines Company, Ltd.	400		7,687
Mars Group Holdings Corp.	700		16,119

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Marubun Corp.	200	$	2,068
Marudai Food Company, Ltd.	1,600		17,557
Maruha Nichiro Corp.	1,400		25,095
Maruichi Steel Tube, Ltd.	2,700		59,441
Marusan Securities Company, Ltd.	4,700		15,163
Maruwa Company, Ltd.	300		41,830
Maruzen Company, Ltd.	800		11,375
Maruzen Showa Unyu Company, Ltd.	800		19,478
Marvelous, Inc.	1,400		6,980
Matsuda Sangyo Company, Ltd.	1,400		24,059
Matsui Securities Company, Ltd.	4,900		28,967
Max Company, Ltd.	2,000		32,094
Maxell, Ltd.	2,200		25,604
Maxvalu Tokai Company, Ltd.	1,100		22,276
MCJ Company, Ltd.	3,200		22,528
MEC Company, Ltd.	1,500		29,204
Media Do Company, Ltd. (A)	600		6,430
Medical Data Vision Company, Ltd.	1,700		11,693
Medikit Company, Ltd.	500		9,205
MedPeer, Inc. (A)	600		5,036
Megachips Corp.	1,100		27,292
Megmilk Snow Brand Company, Ltd.	2,800		37,275
Meidensha Corp.	1,800		26,198
Meiko Electronics Company, Ltd.	1,200		26,710
Meisei Industrial Company, Ltd.	3,000		17,546
Meitec Corp.	3,100		55,504
Meito Sangyo Company, Ltd.	900		11,203
Melco Holdings, Inc.	500		12,356
Members Company, Ltd.	400		3,981
Menicon Company, Ltd.	2,500		53,275
METAWATER Company, Ltd.	1,600		20,909
Micronics Japan Company, Ltd.	2,100		21,270
Midac Holdings Company, Ltd.	500		8,172
Mie Kotsu Group Holdings, Inc.	3,700		15,621
Milbon Company, Ltd.	912		37,612
Mimasu Semiconductor Industry Company, Ltd.	1,400		31,279
Ministop Company, Ltd.	1,100		11,660
MIRAIT ONE Corp.	4,240		52,805
Mirarth Holdings, Inc.	6,300		17,944
Miroku Jyoho Service Company, Ltd.	700		8,713
Mitani Corp.	2,000		20,326
Mitani Sekisan Company, Ltd.	600		21,213
Mito Securities Company, Ltd.	6,300		13,804
Mitsuba Corp.	2,300		9,108
Mitsubishi Logisnext Company, Ltd.	1,000		7,129
Mitsubishi Logistics Corp.	1,600		37,627
Mitsubishi Materials Corp.	1,600		26,090
Mitsubishi Paper Mills, Ltd.	2,600		6,849
Mitsubishi Pencil Company, Ltd.	1,500		18,460
Mitsubishi Research Institute, Inc.	500		19,258
Mitsubishi Shokuhin Company, Ltd.	600		14,744
Mitsubishi Steel Manufacturing Company, Ltd.	1,000		8,862
Mitsuboshi Belting, Ltd.	1,000		29,759
Mitsui DM Sugar Holdings Company, Ltd.	1,000		15,347
Mitsui E&S Holdings Company, Ltd. (A)	4,600		14,531
Mitsui Matsushima Holdings Company, Ltd.	1,000		24,865
Mitsui Mining & Smelting Company, Ltd.	2,200		53,524
Mitsui-Soko Holdings Company, Ltd.	900		26,735
Mitsuuroko Group Holdings Company, Ltd.	3,200		31,323

 

122

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Mixi, Inc.	1,800	$	36,209
Mizuho Leasing Company, Ltd.	1,400		37,145
Mizuno Corp.	1,400		32,888
Mochida Pharmaceutical Company, Ltd.	900		22,744
Monex Group, Inc.	8,000		29,096
Morinaga & Company, Ltd.	900		25,491
Morinaga Milk Industry Company, Ltd.	1,500		53,953
Morita Holdings Corp.	2,200		22,135
Morozoff, Ltd.	500		13,130
MrMax Holdings, Ltd.	1,700		8,712
m-up Holdings, Inc.	2,000		17,314
Musashi Seimitsu Industry Company, Ltd.	2,600		36,830
Nachi-Fujikoshi Corp.	600		17,945
Nafco Company, Ltd.	1,100		14,636
Nagano Keiki Company, Ltd.	1,800		17,980
Nagase & Company, Ltd.	4,400		67,779
Nagatanien Holdings Company, Ltd.	1,000		15,778
Nagawa Company, Ltd.	300		15,497
Nakamuraya Company, Ltd.	300		7,000
Nakanishi, Inc.	2,600		51,650
Nakayama Steel Works, Ltd.	1,100		8,108
Namura Shipbuilding Company, Ltd. (A)	3,252		8,566
Nankai Electric Railway Company, Ltd.	1,000		22,074
Natori Company, Ltd.	700		10,222
NEC Capital Solutions, Ltd.	800		15,253
NEC Networks & System Integration Corp.	2,100		25,653
NET One Systems Company, Ltd.	2,000		47,993
Neturen Company, Ltd.	2,300		12,089
Nextage Company, Ltd.	1,900		39,713
NHK Spring Company, Ltd.	9,100		65,330
Nice Corp.	600		6,172
Nichias Corp.	2,800		56,432
Nichiban Company, Ltd.	700		10,162
Nichicon Corp.	3,400		35,562
Nichiden Corp.	600		8,639
Nichiha Corp.	1,200		24,545
Nichireki Company, Ltd.	2,000		22,497
Nichirin Company, Ltd.	1,040		18,561
Nihon Chouzai Company, Ltd.	800		6,992
Nihon Dempa Kogyo Company, Ltd.	2,500		24,439
Nihon Flush Company, Ltd.	1,000		7,381
Nihon House Holdings Company, Ltd.	1,000		2,985
Nihon Kagaku Sangyo Company, Ltd.	1,000		8,025
Nihon Kohden Corp.	800		21,707
Nihon Nohyaku Company, Ltd.	4,000		20,434
Nihon Parkerizing Company, Ltd.	3,900		29,315
Nihon Tokushu Toryo Company, Ltd.	1,000		7,121
Nikkiso Company, Ltd.	2,100		14,948
Nikkon Holdings Company, Ltd.	2,200		41,228
Nippn Corp.	2,700		33,804
Nippon Air Conditioning Services Company, Ltd.	1,600		8,707
Nippon Beet Sugar Manufacturing Company, Ltd.	900		11,338
Nippon Carbon Company, Ltd.	500		15,492
Nippon Chemical Industrial Company, Ltd.	700		10,488
Nippon Chemi-Con Corp. (A)	1,100		17,542
Nippon Coke & Engineering Company, Ltd. (A)	18,000		11,834
Nippon Concrete Industries Company, Ltd. (A)	2,600		5,013
Nippon Denko Company, Ltd.	6,530		17,663

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Densetsu Kogyo Company, Ltd.	2,100	$	25,177
Nippon Electric Glass Company, Ltd.	3,900		75,203
Nippon Fine Chemical Company, Ltd.	800		15,833
Nippon Gas Company, Ltd.	4,300		62,403
Nippon Hume Corp.	2,000		11,335
Nippon Kayaku Company, Ltd.	5,300		48,020
Nippon Kodoshi Corp.	800		11,928
Nippon Koei Company, Ltd.	1,000		25,497
Nippon Light Metal Holdings Company, Ltd.	2,820		31,178
Nippon Paper Industries Company, Ltd. (A)	4,600		35,536
Nippon Parking Development Company, Ltd.	8,400		14,776
Nippon Pillar Packing Company, Ltd.	1,500		42,644
Nippon Rietec Company, Ltd.	300		2,123
Nippon Seiki Company, Ltd.	3,000		19,178
Nippon Sharyo, Ltd.	600		9,166
Nippon Sheet Glass Company, Ltd. (A)	4,100		19,693
Nippon Shokubai Company, Ltd.	800		31,950
Nippon Signal Company, Ltd.	3,000		24,101
Nippon Soda Company, Ltd.	1,200		41,870
Nippon Steel Trading Corp.	972		68,206
Nippon Thompson Company, Ltd.	4,700		20,716
Nippon Yakin Kogyo Company, Ltd.	1,000		32,237
Nipro Corp.	6,700		51,615
Nishikawa Rubber Company, Ltd.	800		6,874
Nishimatsu Construction Company, Ltd.	1,500		38,782
Nishimatsuya Chain Company, Ltd.	2,700		33,328
Nishi-Nippon Financial Holdings, Inc.	3,900		32,076
Nishi-Nippon Railroad Company, Ltd.	2,400		43,411
Nishio Rent All Company, Ltd.	800		18,792
Nissan Shatai Company, Ltd.	3,400		21,765
Nissei ASB Machine Company, Ltd.	500		14,837
Nissei Plastic Industrial Company, Ltd.	1,600		11,977
Nissha Company, Ltd.	2,300		32,449
Nisshinbo Holdings, Inc.	4,768		36,526
Nissin Corp.	1,400		22,408
Nisso Corp.	2,400		12,912
Nissui Corp.	13,000		53,297
Nitta Corp.	1,300		28,825
NITTAN Corp.	1,200		2,280
Nittetsu Mining Company, Ltd.	600		16,253
Nitto Boseki Company, Ltd.	1,400		21,393
Nitto Kogyo Corp.	1,600		31,945
Nitto Kohki Company, Ltd.	1,000		13,671
Nitto Seiko Company, Ltd.	1,700		7,280
Noevir Holdings Company, Ltd.	800		32,645
Nohmi Bosai, Ltd.	1,300		16,633
Nojima Corp.	3,200		33,837
NOK Corp.	4,700		52,070
Nomura Micro Science Company, Ltd.	600		18,950
Noritake Company, Ltd.	700		24,298
Noritsu Koki Company, Ltd.	1,000		16,948
Noritz Corp.	2,100		27,599
North Pacific Bank, Ltd.	12,900		27,112
NS Tool Company, Ltd.	800		6,302
NS United Kaiun Kaisha, Ltd.	800		24,941
NSD Company, Ltd.	2,200		39,684
NTN Corp.	18,400		46,953
Obara Group, Inc.	600		17,946
Ohsho Food Service Corp.	700		31,797
Oiles Corp.	1,380		17,518
Oisix ra daichi, Inc. (A)	1,200		20,940
Okabe Company, Ltd.	2,600		15,092

 

123

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Okamoto Industries, Inc.	600	$	18,022
Okamura Corp.	3,700		38,210
Okasan Securities Group, Inc.	7,000		24,937
Oki Electric Industry Company, Ltd.	4,700		25,537
Okinawa Cellular Telephone Company	800		18,282
Okinawa Financial Group, Inc.	1,140		17,947
OKUMA Corp.	1,100		49,264
Okumura Corp.	1,600		37,818
Okura Industrial Company, Ltd.	800		12,334
Okuwa Company, Ltd.	1,000		6,392
Onoken Company, Ltd.	1,500		16,839
Onward Holdings Company, Ltd.	7,100		20,590
Optex Group Company, Ltd.	1,900		29,898
Optim Corp. (A)	700		4,929
Optorun Company, Ltd.	1,100		18,490
Organo Corp.	1,100		30,070
Orient Corp.	3,180		26,494
Oriental Shiraishi Corp.	7,600		18,708
Origin Company, Ltd.	600		5,921
Oro Company, Ltd.	700		11,203
Osaka Organic Chemical Industry, Ltd.	800		13,093
Osaka Soda Company, Ltd.	800		26,366
Osaka Steel Company, Ltd.	700		6,997
Osaki Electric Company, Ltd.	3,000		12,071
OSG Corp.	3,900		58,816
Outsourcing, Inc.	5,800		57,209
Oyo Corp.	1,300		21,857
Pacific Industrial Company, Ltd.	3,000		26,229
Pacific Metals Company, Ltd. (A)	1,100		16,111
PAL GROUP Holdings Company, Ltd.	700		16,335
Paramount Bed Holdings Company, Ltd.	1,600		28,548
Paris Miki Holdings, Inc.	1,100		2,749
Pasona Group, Inc.	1,300		18,476
PC Depot Corp.	1,700		3,804
Penta-Ocean Construction Company, Ltd.	12,400		59,252
PIA Corp. (A)	500		12,136
Pickles Holdings Company, Ltd.	800		7,157
Pigeon Corp.	5,500		85,217
Pilot Corp.	1,200		39,044
Piolax, Inc.	2,100		30,646
Pole To Win Holdings, Inc.	2,000		13,513
Premium Group Company, Ltd.	2,400		30,815
Premium Water Holdings, Inc.	400		7,541
Press Kogyo Company, Ltd.	7,000		26,360
Pressance Corp.	700		9,451
Prestige International, Inc.	5,000		22,578
Prima Meat Packers, Ltd.	1,500		24,923
Procrea Holdings, Inc.	2,344		37,258
Pronexus, Inc.	600		4,396
Proto Corp.	1,800		16,076
PS Mitsubishi Construction Company, Ltd.	2,600		12,854
Punch Industry Company, Ltd.	1,300		4,404
QB Net Holdings Company, Ltd.	1,800		19,478
Qol Holdings Company, Ltd.	1,400		12,289
Quick Company, Ltd.	800		10,759
Raccoon Holdings, Inc.	800		4,993
Raito Kogyo Company, Ltd.	2,400		35,337
Raiznext Corp.	3,300		36,331
Rasa Industries, Ltd.	600		9,488
Raysum Company, Ltd.	300		3,088
Relia, Inc.	1,100		12,116
Rengo Company, Ltd.	8,600		55,857
RENOVA, Inc. (A)	1,400		21,111
Resorttrust, Inc.	3,700		58,961

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Restar Holdings Corp.	1,600	$	26,193
Retail Partners Company, Ltd.	300		3,092
Rheon Automatic Machinery Company, Ltd.	1,500		14,824
Ricoh Leasing Company, Ltd.	800		23,022
Riken Corp.	600		11,757
Riken Keiki Company, Ltd.	800		34,479
Riken Technos Corp.	3,000		13,379
Riken Vitamin Company, Ltd.	1,400		20,319
Rion Company, Ltd.	500		7,300
Riso Kyoiku Company, Ltd.	9,300		23,121
Rock Field Company, Ltd.	1,000		11,819
Rokko Butter Company, Ltd.	600		6,110
Roland Corp.	700		21,137
Roland DG Corp.	900		22,561
Rorze Corp.	700		62,114
Round One Corp.	10,500		40,621
RS Technologies Company, Ltd.	800		19,716
Ryobi, Ltd.	1,400		16,334
Ryoden Corp.	1,500		21,198
Ryosan Company, Ltd.	1,500		37,234
S Foods, Inc.	900		19,378
S&B Foods, Inc.	600		15,956
Sac's Bar Holdings, Inc.	600		3,752
Saibu Gas Holdings Company, Ltd.	1,500		19,652
Saint-Care Holding Corp.	1,900		10,944
Sakai Chemical Industry Company, Ltd.	1,400		18,747
Sakai Moving Service Company, Ltd.	500		17,495
Sakata INX Corp.	3,100		24,298
Sala Corp.	3,000		17,060
SAMTY Company, Ltd.	1,600		26,609
San ju San Financial Group, Inc.	1,700		20,269
San-A Company, Ltd.	1,300		40,053
San-Ai Obbli Company, Ltd.	3,500		36,332
Sangetsu Corp.	2,100		35,423
Sanken Electric Company, Ltd.	900		72,233
Sanki Engineering Company, Ltd.	2,000		22,120
Sankyo Frontier Company, Ltd.	300		8,074
Sankyo Seiko Company, Ltd.	3,200		13,142
Sankyo Tateyama, Inc.	2,500		13,534
Sankyu, Inc.	700		25,978
Sanoh Industrial Company, Ltd.	1,900		9,482
Sanshin Electronics Company, Ltd.	700		12,756
Sanyo Chemical Industries, Ltd.	600		19,372
Sanyo Denki Company, Ltd.	400		18,642
Sanyo Electric Railway Company, Ltd.	1,600		27,524
Sanyo Shokai, Ltd.	700		8,249
Sanyo Special Steel Company, Ltd.	1,400		26,020
Sanyo Trading Company, Ltd.	1,200		10,997
Sapporo Holdings, Ltd.	1,500		38,551
Sato Holdings Corp.	1,700		28,164
Sawai Group Holdings Company, Ltd.	1,800		49,647
SB Technology Corp.	800		12,029
SBI Global Asset Management Company, Ltd.	1,300		4,727
SBS Holdings, Inc.	900		22,868
Scroll Corp.	2,300		14,045
Seika Corp.	500		7,767
Seikagaku Corp.	1,700		10,450
Seikitokyu Kogyo Company, Ltd.	1,600		9,804
Seiko Group Corp.	1,400		30,690
Seino Holdings Company, Ltd.	4,000		44,159
Seiren Company, Ltd.	1,900		33,549
Sekisui Jushi Corp.	1,600		25,168
Sekisui Kasei Company, Ltd.	2,500		7,874

 

124

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Senko Group Holdings Company, Ltd.	4,700	$	33,567
Senshu Electric Company, Ltd.	600		14,855
Senshu Ikeda Holdings, Inc.	17,200		30,136
Senshukai Company, Ltd. (A)	3,300		10,087
Seria Company, Ltd.	2,100		41,644
Shibaura Electronics Company, Ltd.	500		22,337
Shibaura Machine Company, Ltd.	1,600		38,220
Shibaura Mechatronics Corp.	300		36,754
Shibuya Corp.	800		15,126
Shidax Corp.	2,000		10,570
Shikibo, Ltd.	1,100		8,343
Shikoku Electric Power Company, Inc. (A)	5,200		29,561
Shikoku Kasei Holdings Corp.	3,000		31,863
Shima Seiki Manufacturing, Ltd.	1,200		17,130
Shin Nippon Biomedical Laboratories, Ltd.	1,000		20,804
Shinagawa Refractories Company, Ltd.	600		20,727
Shindengen Electric Manufacturing Company, Ltd.	500		12,686
Shin-Etsu Polymer Company, Ltd.	3,000		33,927
Shinko Shoji Company, Ltd.	1,900		17,597
Shinmaywa Industries, Ltd.	2,400		21,418
Shinnihon Corp.	2,500		17,688
Shinwa Company, Ltd.	700		11,187
Ship Healthcare Holdings, Inc.	2,600		47,899
Shizuoka Gas Company, Ltd.	4,500		39,096
Shoei Company, Ltd.	1,600		33,618
Shoei Foods Corp.	700		21,336
Shofu, Inc.	600		9,201
Showa Sangyo Company, Ltd.	1,000		19,146
SIGMAXYZ Holdings, Inc.	1,800		15,505
Siix Corp.	1,600		17,115
Sinanen Holdings Company, Ltd.	800		19,369
Sinfonia Technology Company, Ltd.	1,600		19,122
Sinko Industries, Ltd.	1,500		18,756
Sintokogio, Ltd.	3,400		21,415
SKY Perfect JSAT Holdings, Inc.	7,800		30,465
Smaregi, Inc. (A)	400		8,550
SMK Corp.	300		5,584
SMS Company, Ltd.	400		9,728
Snow Peak, Inc. (C)	1,200		18,558
Sodick Company, Ltd.	2,400		13,811
Softcreate Holdings Corp.	1,400		19,177
Software Service, Inc.	200		13,459
Soken Chemical & Engineering Company, Ltd.	800		10,388
Solasto Corp.	3,200		15,381
Sotetsu Holdings, Inc.	3,500		59,965
Sparx Group Company, Ltd.	1,480		16,244
S-Pool, Inc.	5,000		22,578
SRA Holdings	600		13,223
SRE Holdings Corp. (A)	400		10,264
ST Corp.	700		8,260
St. Marc Holdings Company, Ltd.	800		10,467
Star Mica Holdings Company, Ltd.	2,200		11,592
Star Micronics Company, Ltd.	2,300		31,385
Starts Corp., Inc.	1,900		36,578
Starzen Company, Ltd.	600		9,855
Stella Chemifa Corp.	800		15,992
Strike Company, Ltd.	700		20,236
Studio Alice Company, Ltd.	900		14,557
Sugimoto & Company, Ltd.	700		10,961
Sumida Corp.	1,600		20,180
Suminoe Textile Company, Ltd.	500		7,908

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Sumitomo Bakelite Company, Ltd.	1,700	$	66,552
Sumitomo Densetsu Company, Ltd.	1,300		25,115
Sumitomo Mitsui Construction Company, Ltd.	6,000		17,404
Sumitomo Osaka Cement Company, Ltd.	1,500		42,267
Sumitomo Riko Company, Ltd.	2,400		12,514
Sumitomo Seika Chemicals Company, Ltd.	500		16,348
Sun Frontier Fudousan Company, Ltd.	2,200		21,302
Suruga Bank, Ltd.	11,700		41,007
SWCC Showa Holdings Company, Ltd.	2,400		34,480
SymBio Pharmaceuticals, Ltd. (A)	2,100		6,866
Systena Corp.	12,200		26,827
Syuppin Company, Ltd.	1,200		7,775
T Hasegawa Company, Ltd.	1,600		36,020
T RAD Company, Ltd.	500		8,860
T&K Toka Company, Ltd.	1,600		13,009
Tachibana Eletech Company, Ltd.	1,360		20,458
Tachi-S Company, Ltd.	2,400		21,787
Tadano, Ltd.	5,000		39,522
Taihei Dengyo Kaisha, Ltd.	1,000		30,664
Taiheiyo Cement Corp.	3,800		71,415
Taiho Kogyo Company, Ltd.	1,200		5,767
Taikisha, Ltd.	900		25,058
Taisei Lamick Company, Ltd.	500		10,845
Taiyo Holdings Company, Ltd.	2,000		37,900
Takamatsu Construction Group Company, Ltd.	1,000		15,320
Takaoka Toko Company, Ltd.	700		12,458
Takara Bio, Inc.	2,100		27,550
Takara Holdings, Inc.	5,700		44,065
Takara Standard Company, Ltd.	2,200		24,423
Takasago International Corp.	1,200		23,752
Takasago Thermal Engineering Company, Ltd.	1,700		27,108
Takashimaya Company, Ltd.	1,100		16,041
Takeuchi Manufacturing Company, Ltd.	1,600		35,518
Takuma Company, Ltd.	3,000		30,133
Tama Home Company, Ltd.	1,000		27,649
Tamron Company, Ltd.	1,500		35,749
Tamura Corp.	6,000		37,502
Tanseisha Company, Ltd.	1,100		6,408
Tatsuta Electric Wire and Cable Company, Ltd.	4,200		22,543
Tayca Corp.	1,500		13,319
TBS Holdings, Inc.	1,000		14,399
TDC Soft, Inc.	1,200		13,493
TechMatrix Corp.	2,000		22,521
Techno Horizon Company, Ltd. (A)	1,400		4,598
Teijin, Ltd.	4,200		44,319
Teikoku Sen-I Company, Ltd.	1,200		15,000
Tekken Corp.	800		10,927
Tenma Corp.	1,000		17,763
Tess Holdings Company, Ltd.	1,200		9,863
T-Gaia Corp.	900		11,346
The 77 Bank, Ltd.	2,800		45,751
The Akita Bank, Ltd.	1,100		14,676
The Awa Bank, Ltd.	2,200		32,438
The Bank of Iwate, Ltd.	1,100		17,652
The Bank of Nagoya, Ltd.	1,100		26,242
The Bank of Saga, Ltd.	1,000		12,244
The Chiba Kogyo Bank, Ltd.	3,200		12,999
The Chugoku Electric Power Company, Inc. (A)	7,900		40,127
The Ehime Bank, Ltd.	2,100		13,377

 

125

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
The First Bank of Toyama, Ltd.	2,800	$	12,480
The Fukui Bank, Ltd.	1,800		20,253
The Fukushima Bank, Ltd.	2,100		3,620
The Furukawa Battery Company, Ltd.	1,300		10,521
The Gunma Bank, Ltd.	14,200		47,486
The Hachijuni Bank, Ltd.	14,100		61,255
The Hyakugo Bank, Ltd.	12,500		35,050
The Hyakujushi Bank, Ltd.	1,700		23,604
The Keiyo Bank, Ltd.	4,400		18,842
The Kita-Nippon Bank, Ltd.	700		10,483
The Kiyo Bank, Ltd.	3,800		42,684
The Miyazaki Bank, Ltd.	1,000		17,680
The Monogatari Corp.	1,200		24,434
The Musashino Bank, Ltd.	1,700		28,563
The Nagano Bank, Ltd.	800		8,760
The Nanto Bank, Ltd.	2,000		35,142
The Nippon Road Company, Ltd.	200		11,034
The Nisshin Oillio Group, Ltd.	1,200		29,417
The Ogaki Kyoritsu Bank, Ltd.	1,600		21,589
The Oita Bank, Ltd.	900		13,918
The Okinawa Electric Power Company, Inc. (A)	1,990		16,182
The Pack Corp.	800		17,889
The San-In Godo Bank, Ltd.	4,300		24,007
The Shibusawa Warehouse Company, Ltd.	1,000		16,784
The Shiga Bank, Ltd.	2,200		44,563
The Shikoku Bank, Ltd.	2,800		18,429
The Shimizu Bank, Ltd.	500		5,486
The Sumitomo Warehouse Company, Ltd.	1,824		30,011
The Tochigi Bank, Ltd.	8,000		16,585
The Toho Bank, Ltd.	12,000		19,653
The Tohoku Bank, Ltd.	400		2,970
The Tottori Bank, Ltd.	400		3,459
The Towa Bank, Ltd.	2,900		11,924
The Yamagata Bank, Ltd.	2,000		15,322
The Yamanashi Chuo Bank, Ltd.	2,000		17,289
Tigers Polymer Corp.	1,000		3,365
TKC Corp.	1,300		36,105
Toa Corp. (Hyogo)	1,400		8,728
Toa Corp. (Tokyo)	1,200		24,049
Toagosei Company, Ltd.	4,300		40,101
Tobishima Corp.	720		5,733
TOC Company, Ltd.	3,400		16,355
Tocalo Company, Ltd.	3,200		31,453
Toda Corp.	8,400		43,887
Toda Kogyo Corp. (A)	300		5,776
Toei Company, Ltd.	100		12,970
Toenec Corp.	600		15,456
Toho Company, Ltd.	600		9,995
Toho Gas Company, Ltd.	2,200		40,961
Toho Holdings Company, Ltd.	2,400		42,589
Toho Titanium Company, Ltd.	1,300		21,716
Toho Zinc Company, Ltd.	800		12,340
Tokai Carbon Company, Ltd.	10,000		95,522
Tokai Corp.	1,200		17,949
TOKAI Holdings Corp.	4,000		26,357
Tokai Rika Company, Ltd.	2,600		32,020
Tokai Tokyo Financial Holdings, Inc.	11,500		31,804
Token Corp.	410		24,635
Tokushu Tokai Paper Company, Ltd.	600		13,317
Tokuyama Corp.	3,200		50,974
Tokyo Base Company, Ltd.	900		3,326
Tokyo Electron Device, Ltd.	400		26,621

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Tokyo Energy & Systems, Inc.	2,000	$	13,485
Tokyo Keiki, Inc.	1,000		9,192
Tokyo Kiraboshi Financial Group, Inc.	1,936		38,481
Tokyo Ohka Kogyo Company, Ltd.	200		11,669
Tokyo Rakutenchi Company, Ltd.	200		6,309
Tokyo Rope Manufacturing Company, Ltd.	200		1,768
Tokyo Seimitsu Company, Ltd.	1,800		69,878
Tokyo Steel Manufacturing Company, Ltd.	2,700		27,885
Tokyo Tekko Company, Ltd.	800		10,562
Tokyo Theatres Company, Inc.	900		7,700
Tokyotokeiba Company, Ltd.	600		18,368
Tokyu Construction Company, Ltd.	3,900		19,895
Tomato Bank, Ltd.	1,100		8,438
Tomen Devices Corp.	200		9,923
Tomoe Corp.	2,200		7,187
Tomoku Company, Ltd.	500		6,037
TOMONY Holdings, Inc.	10,600		28,306
Tomy Company, Ltd.	4,500		50,380
Tonami Holdings Company, Ltd.	500		15,553
Topcon Corp.	4,700		63,598
Topre Corp.	2,300		21,386
Topy Industries, Ltd.	1,300		19,443
Torex Semiconductor, Ltd.	700		12,721
Toridoll Holdings Corp.	2,000		41,132
Torii Pharmaceutical Company, Ltd.	1,100		26,441
Torishima Pump Manufacturing Company, Ltd.	900		10,684
Tosei Corp.	2,500		27,837
Toshiba TEC Corp.	1,100		32,574
Tosho Company, Ltd.	1,300		11,344
Totetsu Kogyo Company, Ltd.	1,000		20,458
Towa Corp.	1,300		20,720
Towa Pharmaceutical Company, Ltd.	1,500		21,480
Toyo Construction Company, Ltd.	3,100		21,438
Toyo Corp.	1,100		11,334
Toyo Denki Seizo KK	600		4,174
Toyo Engineering Corp. (A)	2,200		9,422
Toyo Gosei Company, Ltd.	300		20,567
Toyo Ink SC Holdings Company, Ltd.	2,200		34,195
Toyo Kanetsu KK	400		7,935
Toyo Securities Company, Ltd.	6,000		14,333
Toyo Tanso Company, Ltd.	1,000		31,123
Toyo Tire Corp.	5,100		59,695
Toyo Wharf & Warehouse Company, Ltd.	600		6,095
Toyobo Company, Ltd.	4,093		32,184
TPR Company, Ltd.	1,400		14,175
Trancom Company, Ltd.	400		22,390
Transaction Company, Ltd.	1,700		21,269
Transcosmos, Inc.	1,400		33,230
Tri Chemical Laboratories, Inc.	1,200		22,149
Trusco Nakayama Corp.	2,200		37,372
TS Tech Company, Ltd.	4,400		55,875
TSI Holdings Company, Ltd.	5,270		25,293
Tsubaki Nakashima Company, Ltd.	2,300		16,675
Tsubakimoto Chain Company	1,600		38,959
Tsugami Corp.	1,600		17,424
Tsukishima Kikai Company, Ltd.	2,000		16,468
Tsukuba Bank, Ltd.	5,700		9,176
Tsumura & Company	2,600		51,702
Tsurumi Manufacturing Company, Ltd.	1,000		15,687
TV Asahi Holdings Corp.	2,000		22,794
UACJ Corp.	1,903		38,049

 

126

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
UBE Corp.	4,400	$	68,347
Ubicom Holdings, Inc.	500		7,853
Uchida Yoko Company, Ltd.	400		14,874
Ulvac, Inc.	900		39,317
Union Tool Company	700		17,456
Unipres Corp.	2,600		18,102
United Arrows, Ltd.	1,600		23,239
United Super Markets Holdings, Inc.	2,400		20,175
UNITED, Inc.	1,300		12,581
Unitika, Ltd. (A)	5,900		9,874
Universal Entertainment Corp. (A)	1,200		22,344
Usen-Next Holdings Company, Ltd.	1,300		25,229
Ushio, Inc.	4,400		55,528
UT Group Company, Ltd. (A)	1,500		28,040
UUUM Company, Ltd. (A)	800		4,586
V Technology Company, Ltd.	400		8,501
Valor Holdings Company, Ltd.	1,700		24,747
Valqua, Ltd.	1,000		26,053
Value HR Company, Ltd.	1,200		14,344
ValueCommerce Company, Ltd.	900		11,609
Vector, Inc.	3,100		35,754
Vertex Corp.	1,100		10,735
Vital KSK Holdings, Inc.	3,500		23,634
VT Holdings Company, Ltd.	6,600		25,292
Wacoal Holdings Corp.	1,900		35,711
Wacom Company, Ltd.	8,000		41,906
Wakachiku Construction Company, Ltd.	900		26,006
Wakita & Company, Ltd.	2,300		21,158
Warabeya Nichiyo Holdings Company, Ltd.	900		12,306
Watahan & Company, Ltd.	600		6,441
WDB Holdings Company, Ltd.	700		10,509
Weathernews, Inc.	300		15,040
Wellneo Sugar Company, Ltd.	1,100		13,809
West Holdings Corp.	716		17,597
Will Group, Inc.	1,200		9,825
WingArc1st, Inc.	2,100		31,092
WIN-Partners Company, Ltd.	1,000		7,668
World Company, Ltd.	700		7,845
World Holdings Company, Ltd.	600		11,648
Wowow, Inc.	600		5,677
Xebio Holdings Company, Ltd.	2,800		22,200
Yahagi Construction Company, Ltd.	2,000		12,480
Yaizu Suisankagaku Industry Company, Ltd.	1,100		7,084
YAKUODO Holdings Company, Ltd.	700		13,201
YAMABIKO Corp.	2,400		23,911
YAMADA Consulting Group Company, Ltd.	1,100		12,730
Yamae Group Holdings Company, Ltd.	1,000		13,690
Yamaguchi Financial Group, Inc.	9,600		58,820
Yamaichi Electronics Company, Ltd.	1,700		25,381
YA-MAN, Ltd.	1,700		15,288
Yamazen Corp.	3,900		30,010
Yaoko Company, Ltd.	300		15,622
Yasuda Logistics Corp.	1,400		10,956
Yellow Hat, Ltd.	2,000		27,537
Yodogawa Steel Works, Ltd.	1,200		24,678
Yokogawa Bridge Holdings Corp.	2,100		34,357
Yokorei Company, Ltd.	2,900		21,004
Yokowo Company, Ltd.	1,200		18,978
Yomeishu Seizo Company, Ltd.	500		7,042
Yondenko Corp.	1,200		17,113
Yondoshi Holdings, Inc.	1,300		17,537
Yonex Company, Ltd.	2,100		22,840

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Yorozu Corp.	1,800	$	11,536
Yoshinoya Holdings Company, Ltd.	2,000		36,711
Yuasa Trading Company, Ltd.	1,100		31,502
Yukiguni Maitake Company, Ltd.	1,000		7,560
Yurtec Corp.	2,000		12,544
Yushiro Chemical Industry Company, Ltd.	1,100		7,101
Zenrin Company, Ltd.	1,950		12,293
ZERIA Pharmaceutical Company, Ltd.	1,200		20,368
ZIGExN Company, Ltd.	7,000		25,585
			24,686,751
Jersey, Channel Islands - 0.1%
Breedon Group PLC	43,130		40,815
Centamin PLC	57,981		74,696
			115,511
Liechtenstein - 0.1%
Liechtensteinische Landesbank AG	726		46,544
VP Bank AG, Class A	188		20,088
			66,632
Luxembourg - 0.5%
ADLER Group SA (A)(C)(D)	776		761
APERAM SA	2,512		93,708
B&S Group Sarl (D)	983		4,362
Befesa SA (D)	1,789		81,294
d'Amico International Shipping SA (A)	100,767		51,034
Global Fashion Group SA (A)	1,789		1,874
Grand City Properties SA	3,748		26,657
IVS Group SA	2,104		8,214
L'Occitane International SA	10,750		26,914
RTL Group SA	241		11,873
SES SA	17,911		117,586
Shurgard Self Storage, Ltd.	1,086		51,940
Sword Group	278		13,211
			489,428
Macau - 0.0%
MECOM Power and Construction, Ltd.	58,500		12,204
Malaysia - 0.0%
Frencken Group, Ltd.	15,400		13,172
Malta - 0.0%
Catena Media PLC (A)	3,412		10,402
Mauritius - 0.0%
Capital, Ltd.	9,014		10,987
Netherlands - 2.0%
Aalberts NV	4,447		210,061
Acomo NV	876		21,090
Alfen N.V. (A)(D)	1,069		85,211
AMG Advanced Metallurgical Group NV	1,350		57,567
Arcadis NV	3,031		124,102
ASR Nederland NV	2,019		80,336
Basic-Fit NV (A)(C)(D)	2,099		82,764
BE Semiconductor Industries NV	2,921		255,313
Beter Bed Holding NV	1,056		3,489
Brack Capital Properties NV (A)	230		27,460
Brunel International NV	1,126		15,657
Corbion NV	2,473		81,419
CTP NV (D)	3,799		49,023
Flow Traders, Ltd.	1,631		47,335
ForFarmers NV	2,398		8,467
Fugro NV (A)	3,784		48,081
Heijmans NV	2,278		31,256
Innoconcepts NV (A)(B)	10,527		0
Kendrion NV	1,111		18,664
Koninklijke BAM Groep NV (A)	15,496		36,933

 

127

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Netherlands (continued)
Koninklijke Vopak NV	2,374	$	83,817
Meltwater NV (A)	7,973		13,450
Nedap NV	225		14,175
OCI NV	1,414		47,935
Ordina NV	5,537		35,899
Pharming Group NV (A)	30,666		40,904
PostNL NV	15,122		27,468
PPHE Hotel Group, Ltd.	592		8,413
SBM Offshore NV	5,505		81,735
Shop Apotheke Europe NV (A)(D)	194		17,555
SIF Holding NV	504		6,551
Signify NV (D)	5,215		173,895
Sligro Food Group NV	1,151		19,693
TKH Group NV	1,628		84,850
TomTom NV (A)	3,258		26,727
Van Lanschot Kempen NV	1,515		46,267
			2,013,562
New Zealand - 0.5%
Air New Zealand, Ltd. (A)	37,974		18,210
Arvida Group, Ltd.	12,868		7,499
Channel Infrastructure NZ, Ltd.	11,354		10,731
Chorus, Ltd.	15,977		84,140
Delegat Group, Ltd.	1,200		6,230
Freightways Group, Ltd.	5,543		32,811
Gentrack Group, Ltd. (A)	3,060		5,389
Hallenstein Glasson Holdings, Ltd.	3,354		12,163
Heartland Group Holdings, Ltd.	22,242		21,717
Investore Property, Ltd.	13,816		12,176
KMD Brands, Ltd.	25,838		17,784
Manawa Energy, Ltd.	1,665		5,177
NZME, Ltd.	13,259		9,065
NZX, Ltd.	16,781		12,723
Oceania Healthcare, Ltd.	41,229		18,878
Pacific Edge, Ltd. (A)	27,936		7,493
PGG Wrightson, Ltd.	819		2,205
Pushpay Holdings, Ltd. (A)	29,513		25,794
Restaurant Brands New Zealand, Ltd.	886		3,729
Sanford, Ltd.	2,767		7,099
Scales Corp., Ltd.	5,176		10,491
Serko, Ltd. (A)	2,827		4,233
Skellerup Holdings, Ltd.	7,637		25,023
SKY Network Television, Ltd.	6,265		9,887
SKYCITY Entertainment Group, Ltd.	20,410		30,565
Summerset Group Holdings, Ltd.	3,644		20,086
Synlait Milk, Ltd. (A)	5,495		7,327
The Warehouse Group, Ltd.	9,894		11,459
Tourism Holdings, Ltd. (A)	6,508		16,302
TOWER, Ltd.	11,445		4,404
Vista Group International, Ltd. (A)	7,682		6,694
			467,484
Norway - 0.9%
ABG Sundal Collier Holding ASA	24,237		14,133
AF Gruppen ASA	717		10,198
Akastor ASA	6,104		6,644
Aker Carbon Capture ASA (A)	4,495		6,336
AMSC ASA (A)	1,661		6,600
ArcticZymes Technologies ASA (A)(C)	962		3,810
Atea ASA (A)	3,574		43,802
Axactor ASA (A)	14,729		9,009
B2Holding ASA	23,929		16,633
Belships ASA	10,010		19,444
Bonheur ASA	1,411		31,370
Borregaard ASA	3,051		51,027
Bouvet ASA	3,002		18,487
BW Offshore, Ltd.	4,568		13,020

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Norway (continued)
Cloudberry Clean Energy ASA (A)	5,431	$	5,932
Crayon Group Holding ASA (A)(D)	1,983		16,374
DNO ASA	18,710		18,349
Europris ASA (D)	8,327		57,825
FLEX LNG, Ltd.	1,570		51,846
Grieg Seafood ASA	2,264		17,696
Hexagon Composites ASA (A)	6,450		20,449
IDEX Biometrics ASA (A)	19,564		1,856
Kahoot! ASA (A)	8,215		18,981
Kid ASA (D)	1,128		9,153
Kitron ASA	9,158		32,293
LINK Mobility Group Holding ASA (A)	7,126		5,800
Medistim ASA	352		10,106
MPC Container Ships ASA	15,398		24,640
Multiconsult ASA (D)	554		7,784
Norske Skog ASA (A)(D)	1,815		10,052
Norwegian Air Shuttle ASA (A)	11,101		11,351
Norwegian Energy Company ASA (A)	912		30,582
Odfjell Drilling, Ltd. (A)	4,970		12,697
Otello Corp. ASA	33		24
Panoro Energy ASA	3,699		9,375
Pareto Bank ASA	1,457		7,422
PGS ASA (A)	22,374		20,776
PhotoCure ASA (A)	2,625		15,137
PoLight ASA (A)(C)(D)	2,610		4,282
Protector Forsikring ASA	3,316		44,020
Scatec ASA (D)	4,993		33,322
Self Storage Group ASA (A)	2,940		7,193
Selvaag Bolig ASA	1,842		6,508
Sparebank 1 Oestlandet	758		8,236
SpareBank 1 Sorost-Norge	4,392		20,998
Sparebanken More	1,230		9,136
Treasure ASA	3,110		5,472
Ultimovacs ASA (A)(C)	584		6,357
Veidekke ASA	5,117		54,310
Volue ASA (A)	3,279		6,606
Wilh Wilhelmsen Holding ASA, Class A	862		21,540
XXL ASA (D)	4,462		1,075
			896,068
Peru - 0.0%
Hochschild Mining PLC	16,530		17,249
Portugal - 0.4%
Altri SGPS SA	6,511		33,529
Banco Comercial Portugues SA	308,962		68,470
Corticeira Amorim SGPS SA	2,100		22,803
CTT-Correios de Portugal SA	8,914		35,000
Greenvolt-Energias Renovaveis SA (A)	1,688		12,154
Mota-Engil SGPS SA	5,636		9,714
NOS SGPS SA	10,693		48,874
REN - Redes Energeticas Nacionais SGPS SA	21,605		63,279
Sonae SGPS SA	34,734		37,903
The Navigator Company SA	12,847		45,928
			377,654
Singapore - 1.1%
Accordia Golf Trust (A)(B)	40,300		0
AEM Holdings, Ltd.	9,100		21,867
Banyan Tree Holdings, Ltd. (A)	19,800		5,458
Best World International, Ltd. (A)	3,974		7,361
Boustead Singapore, Ltd.	10,000		6,197
Bukit Sembawang Estates, Ltd.	11,000		33,906
BW Energy, Ltd. (A)	1,107		2,874
BW LPG, Ltd. (D)	4,059		30,433
Capitaland India Trust	45,100		37,012

 

128

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
China Aviation Oil Singapore Corp., Ltd.	14,400	$	10,623
ComfortDelGro Corp., Ltd.	90,100		80,036
COSCO Shipping International Singapore Company, Ltd. (A)	58,900		7,274
CSE Global, Ltd.	34,000		8,832
Delfi, Ltd.	21,900		18,615
Ezion Holdings, Ltd. (A)(B)	131,300		4,242
Far East Orchard, Ltd.	5,140		3,986
First Resources, Ltd.	19,300		22,904
Fraser and Neave, Ltd.	8,600		6,982
Gallant Venture, Ltd. (A)	71,000		6,939
Golden Agri-Resources, Ltd.	183,600		39,442
Golden Energy & Resources, Ltd. (A)	45,100		33,649
GuocoLand, Ltd.	10,400		12,353
Haw Par Corp., Ltd.	4,700		34,469
Ho Bee Land, Ltd.	11,400		19,279
Hong Fok Corp., Ltd.	20,100		15,453
Hong Leong Finance, Ltd.	12,900		24,171
Hyflux, Ltd. (A)	24,000		0
iFAST Corp., Ltd.	7,000		25,909
IGG, Inc. (A)	38,000		14,905
Indofood Agri Resources, Ltd.	25,000		5,849
Japfa, Ltd.	22,700		3,931
Keppel Infrastructure Trust	157,190		62,127
Metro Holdings, Ltd.	31,600		14,627
Midas Holdings, Ltd. (A)(B)	86,000		10,546
Nanofilm Technologies International, Ltd.	6,500		7,922
NetLink NBN Trust	91,100		58,948
Oceanus Group, Ltd. (A)	1,035,500		9,335
OM Holdings, Ltd.	10,791		5,211
OUE, Ltd.	11,100		9,927
Oxley Holdings, Ltd.	27,222		2,875
Raffles Medical Group, Ltd.	35,758		40,093
SATS, Ltd. (A)	33,207		69,884
SBS Transit, Ltd.	5,000		10,266
Sheng Siong Group, Ltd.	29,900		38,003
SIA Engineering Company, Ltd. (A)	12,800		21,695
SIIC Environment Holdings, Ltd.	35,800		5,187
Sinarmas Land, Ltd.	94,200		12,901
Singapore Land Group, Ltd.	7,100		11,629
Singapore Post, Ltd.	66,100		24,824
Stamford Land Corp., Ltd.	69,044		20,717
StarHub, Ltd.	25,600		20,041
Straits Trading Company, Ltd.	1,416		2,366
Swiber Holdings, Ltd. (A)(B)	15,000		737
The Hour Glass, Ltd.	10,100		16,564
Thomson Medical Group, Ltd.	212,000		10,720
UMS Holdings, Ltd.	36,400		30,520
UOB-Kay Hian Holdings, Ltd.	15,918		17,018
Wing Tai Holdings, Ltd.	21,205		23,764
Yeo Hiap Seng, Ltd.	1,129		572
			1,103,970
South Africa - 0.1%
Mediclinic International PLC	22,882		140,348
Spain - 2.4%
Acerinox SA	9,313		95,842
Aedas Homes SA (D)	426		5,999
Alantra Partners SA	1,181		13,961
Almirall SA	4,221		39,331
Amper SA (A)	82,546		13,714
Applus Services SA	6,225		48,571
Atresmedia Corp. de Medios de Comunicacion SA	6,046		22,808
Banco de Sabadell SA (C)	287,776		309,488

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
Bankinter SA (C)	32,551	$	184,904
Caja de Ahorros del Mediterraneo (A)(B)	5,428		0
Cia de Distribucion Integral Logista Holdings SA	3,649		91,052
CIE Automotive SA	1,829		52,642
Construcciones y Auxiliar de Ferrocarriles SA	1,139		31,637
Distribuidora Internacional de Alimentacion SA (A)	1,566,729		25,162
Ebro Foods SA	2,006		35,476
eDreams ODIGEO SA (A)	4,905		30,027
Elecnor SA	2,026		25,356
Enagas SA	11,699		224,805
Ence Energia y Celulosa SA	6,294		23,449
Ercros SA	5,006		23,669
Faes Farma SA	16,334		55,833
Fluidra SA	2,959		52,148
Fomento de Construcciones y Contratas SA	2,450		23,958
Gestamp Automocion SA (D)	7,287		33,025
Global Dominion Access SA (D)	5,439		21,362
Grenergy Renovables SA (A)	573		17,445
Grupo Catalana Occidente SA	1,834		57,789
Grupo Empresarial San Jose SA	2,194		9,789
Iberpapel Gestion SA	65		1,131
Indra Sistemas SA	6,513		88,152
Laboratorios Farmaceuticos Rovi SA	987		41,210
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros	27,501		29,567
Mapfre SA	36,878		74,323
Melia Hotels International SA (A)	4,842		31,286
Miquel y Costas & Miquel SA	2,010		26,462
Neinor Homes SA (A)(D)	1,978		19,402
Obrascon Huarte Lain SA (A)	19,608		11,300
Pharma Mar SA	409		19,619
Promotora de Informaciones SA, Class A (A)	11,711		4,609
Prosegur Cash SA (D)	35,886		27,616
Prosegur Cia de Seguridad SA	10,114		20,061
Realia Business SA (A)	17,710		19,614
Sacyr SA	23,824		76,582
Solaria Energia y Medio Ambiente SA (A)	2,636		47,550
Soltec Power Holdings SA (A)	2,101		13,873
Talgo SA (D)	4,803		16,306
Tecnicas Reunidas SA (A)	830		9,099
Tubacex SA (A)	6,252		16,525
Unicaja Banco SA (D)	62,819		67,538
Vidrala SA	868		95,066
Viscofan SA	1,837		131,558
			2,457,691
Sweden - 2.8%
AcadeMedia AB (D)	3,665		18,209
AddLife AB, B Shares	2,462		22,362
AddNode Group AB	5,860		70,534
AFRY AB	3,857		69,502
Alimak Group AB (D)	4,282		30,474
Alligo AB, Class B	2,270		26,667
Ambea AB (D)	5,569		19,494
Annehem Fastigheter AB, B Shares (A)	1,155		2,118
AQ Group AB	291		10,764
Arise AB (A)	2,614		13,874
Arjo AB, B Shares	10,690		41,852
Atrium Ljungberg AB, B Shares	1,056		17,250
Attendo AB (A)(D)	5,286		15,114

 

129

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Balco Group AB	665	$	2,751
Beijer Alma AB	2,393		47,670
Bergman & Beving AB	2,270		28,074
Betsson AB, Class B (A)	5,105		48,581
BHG Group AB (A)	2,406		2,226
Bilia AB, A Shares	2,411		29,779
BioInvent International AB (A)	2,250		6,465
Biotage AB	2,541		32,419
Bonava AB, B Shares	3,323		7,009
Boozt AB (A)(D)	2,040		24,832
Bravida Holding AB (D)	2,146		24,275
BTS Group AB, B Shares	346		9,260
Bufab AB	1,460		38,978
Bulten AB	717		6,104
Bure Equity AB	2,057		49,157
Byggmax Group AB	5,363		19,035
Catella AB	2,217		7,488
Catena AB	1,429		53,182
Cellavision AB	999		17,784
Cibus Nordic Real Estate AB	1,681		17,566
Clas Ohlson AB, B Shares	3,185		23,664
Cloetta AB, B Shares	10,640		22,438
Coor Service Management Holding AB (D)	5,027		32,034
Corem Property Group AB, B Shares	14,214		9,929
Corem Property Group AB, D Shares	408		6,357
CTT Systems AB	566		10,643
Dios Fastigheter AB	3,582		23,811
Duni AB (A)	2,559		23,125
Dustin Group AB (A)(D)	4,979		18,210
Elanders AB, B Shares	1,468		22,864
Electrolux Professional AB, B Shares	9,620		50,434
Enea AB (A)	1,522		14,400
Fagerhult AB	4,609		27,581
Fastighets AB Trianon	1,452		2,465
FastPartner AB, A Shares	2,697		15,581
Ferronordic AB (A)	318		2,609
Fingerprint Cards AB, B Shares (A)	16,071		5,139
G5 Entertainment AB	330		6,828
GARO AB	1,737		12,810
Granges AB	5,521		52,671
Green Landscaping Group AB (A)(D)	1,593		12,840
Heba Fastighets AB, Class B	4,570		12,571
HMS Networks AB	884		36,124
Hoist Finance AB (A)(D)	2,083		4,521
Humana AB (A)	2,641		3,746
Instalco AB	7,730		37,339
Inwido AB	3,126		33,309
JM AB	2,484		41,218
Karnov Group AB (A)	3,501		18,298
K-fast Holding AB (A)	1,142		2,252
KNOW IT AB	1,459		29,021
Lagercrantz Group AB, B Shares	6,178		77,364
Lime Technologies AB	558		12,421
Lindab International AB	3,819		58,523
Loomis AB	2,786		95,450
MEKO AB	2,150		25,571
MIPS AB	1,182		59,937
Modern Times Group MTG AB, B Shares (A)	2,851		20,729
Momentum Group AB (A)	2,270		17,616
Munters Group AB (D)	5,993		55,357
Mycronic AB	4,062		99,911
NCAB Group AB	4,318		25,473
NCC AB, B Shares	3,723		33,022

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Nederman Holding AB	887	$	14,519
Net Insight AB, B Shares (A)	16,550		9,280
New Wave Group AB, B Shares	4,353		74,661
Nobia AB	6,676		11,460
Nolato AB, B Shares	6,748		34,275
Nordic Paper Holding AB	2,488		10,785
Nordic Waterproofing Holding AB	2,002		31,438
Note AB (A)	776		17,309
NP3 Fastigheter AB	1,683		30,367
Nyfosa AB	5,830		40,580
OEM International AB, B Shares	4,726		41,713
Orron Energy AB	7,422		9,756
Peab AB, Class B	1,901		9,522
Platzer Fastigheter Holding AB, Series B	3,454		26,803
Pricer AB, B Shares	7,930		11,213
Proact IT Group AB	1,428		15,206
Ratos AB, B Shares	8,255		25,224
RaySearch Laboratories AB (A)	2,452		18,201
Resurs Holding AB (D)	6,236		13,893
Scandi Standard AB (A)	4,648		23,248
Scandic Hotels Group AB (A)(D)	5,932		19,968
Sdiptech AB, Class B (A)	738		17,149
Sensys Gatso Group AB (A)	23,414		2,421
SkiStar AB	2,041		24,532
Solid Forsakring AB (A)	623		3,925
Stendorren Fastigheter AB (A)	1,288		21,507
Stillfront Group AB (A)	19,809		38,322
Systemair AB	6,526		54,886
Tethys Oil AB	2,334		12,299
Troax Group AB	1,308		27,168
VBG Group AB, B Shares	630		10,467
Viaplay Group AB, B Shares (A)	575		14,699
Vitec Software Group AB, B Shares	1,147		59,114
Volati AB	786		7,148
XANO Industri AB, Class B	694		6,545
			2,816,658
Switzerland - 7.5%
Adecco Group AG	2,897		105,523
Allreal Holding AG	643		108,519
ALSO Holding AG	324		65,956
Aluflexpack AG (A)	549		11,379
APG SGA SA	84		16,323
Arbonia AG	2,962		35,675
Aryzta AG (A)	57,916		98,501
Ascom Holding AG	1,310		11,545
Autoneum Holding AG (A)	221		32,959
Baloise Holding AG	1,848		287,764
Banque Cantonale de Geneve, Bearer Shares	142		30,427
Banque Cantonale Vaudoise	1,191		112,390
Basilea Pharmaceutica AG (A)	468		25,657
Belimo Holding AG	544		262,930
Bell Food Group AG (A)	138		42,329
Bellevue Group AG	467		16,848
Berner Kantonalbank AG	246		61,555
BKW AG	1,268		199,366
Bossard Holding AG, Class A	248		62,680
Bucher Industries AG	358		167,441
Burckhardt Compression Holding AG	187		116,273
Bystronic AG	74		53,393
Calida Holding AG	285		13,073
Carlo Gavazzi Holding AG, Bearer Shares	38		12,906
Cembra Money Bank AG	1,485		116,872

 

130

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Cie Financiere Tradition SA, Bearer Shares	104	$	13,116
Clariant AG (A)	9,918		164,533
Coltene Holding AG (A)	198		15,598
Comet Holding AG	425		118,215
Daetwyler Holding AG, Bearer Shares	281		58,038
DKSH Holding AG	1,625		131,008
dormakaba Holding AG	178		76,154
Dufry AG (A)	3,848		171,615
EFG International AG (A)	4,687		45,942
Emmi AG	86		86,265
Energiedienst Holding AG	979		44,483
Evolva Holding SA (A)	72,989		6,129
Feintool International Holding AG	426		10,849
Fenix Outdoor International AG	225		18,695
Ferrexpo PLC	8,469		12,324
Flughafen Zurich AG (A)	1,072		196,407
Forbo Holding AG	39		56,363
Fundamenta Real Estate AG (A)	1,563		27,755
Galenica AG (D)	2,404		203,373
GAM Holding AG (A)	11,204		6,844
Georg Fischer AG	3,955		307,819
Gurit Holding AG, Bearer Shares	220		19,883
Helvetia Holding AG	1,796		250,342
Hiag Immobilien Holding AG	325		28,335
HOCHDORF Holding AG (A)	16		401
Huber + Suhner AG	816		70,072
Hypothekarbank Lenzburg AG	3		14,214
Implenia AG	994		41,712
Ina Invest Holding AG (A)	199		3,915
Inficon Holding AG	68		73,746
Interroll Holding AG	30		107,802
Intershop Holding AG	54		39,285
Investis Holding SA	160		17,345
IWG PLC (A)	29,637		60,167
Jungfraubahn Holding AG (A)	269		39,102
Kardex Holding AG	299		65,047
Komax Holding AG	228		64,009
Kongsberg Automotive ASA (A)	23,611		5,409
Kudelski SA, Bearer Shares	2,497		5,439
Landis+Gyr Group AG (A)	1,306		100,519
LEM Holding SA	30		64,393
Luzerner Kantonalbank AG	183		80,787
Medacta Group SA (D)	308		33,429
medmix AG (D)	877		18,336
Metall Zug AG, B Shares	12		24,837
Mobilezone Holding AG	2,336		38,210
Mobimo Holding AG	387		100,912
Novavest Real Estate AG (A)	469		20,509
OC Oerlikon Corp. AG	8,368		47,449
Orascom Development Holding AG (A)(C)	533		4,259
Orior AG	425		37,775
Peach Property Group AG (A)	212		2,837
Phoenix Mecano AG, Bearer Shares	38		16,018
Plazza AG, Class A	68		23,183
PSP Swiss Property AG	2,283		259,804
Rieter Holding AG	251		26,284
Romande Energie Holding SA	34		42,905
Schaffner Holding AG	40		11,871
Schweiter Technologies AG, Bearer Shares	58		43,829
Sensirion Holding AG (A)(D)	493		54,173
SFS Group AG	898		116,555
Siegfried Holding AG (A)	194		142,734

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
Softwareone Holding AG (A)	4,165	$	59,416
St. Galler Kantonalbank AG	147		79,122
Stadler Rail AG	422		16,501
Sulzer AG	1,213		102,869
Swiss Prime Site AG	3,767		313,287
Swiss Steel Holding AG (A)	39,436		5,589
Swissquote Group Holding SA	465		90,820
Temenos AG	2,922		203,331
TX Group AG	201		23,542
u-blox Holding AG (A)	431		60,235
Valiant Holding AG	1,070		115,031
VAT Group AG (D)	226		81,650
Vaudoise Assurances Holding SA	64		31,772
Vetropack Holding AG	822		41,412
Von Roll Holding AG, Bearer Shares (A)	7,878		6,906
Vontobel Holding AG	1,192		77,354
VZ Holding AG	550		45,172
V-ZUG Holding AG (A)	120		10,846
Walliser Kantonalbank	203		24,217
Warteck Invest AG	8		18,015
Ypsomed Holding AG	164		34,548
Zehnder Group AG	615		50,270
Zug Estates Holding AG, B Shares	16		30,281
Zuger Kantonalbank AG, Bearer Shares	9		77,286
			7,657,114
Taiwan - 0.0%
FIT Hon Teng, Ltd. (A)(D)	49,000		11,492
Ya Hsin Industrial Company, Ltd. (A)(B)	138,000		0
			11,492
United Arab Emirates - 0.1%
Borr Drilling, Ltd. (A)(C)	4,645		35,209
Borr Drilling, Ltd. (New York Stock Exchange) (A)	4,890		37,487
Network International Holdings PLC (A)(D)	4,888		14,871
Shelf Drilling, Ltd. (A)(D)	10,196		24,613
			112,180
United Kingdom - 10.9%
4imprint Group PLC	1,523		90,997
A.G. Barr PLC	4,718		29,300
Accesso Technology Group PLC (A)	2,349		20,074
Advanced Medical Solutions Group PLC	2,544		6,970
AJ Bell PLC	11,487		49,155
Alfa Financial Software Holdings PLC (D)	4,048		6,835
Alliance Pharma PLC	24,062		20,475
Anglo-Eastern Plantations PLC	1,225		12,414
Ascential PLC (A)	20,806		61,984
Ashmore Group PLC	15,764		46,632
Aston Martin Lagonda Global Holdings PLC (A)(C)(D)	4,390		12,348
Avon Protection PLC	1,565		17,877
Babcock International Group PLC (A)	23,035		85,095
Bakkavor Group PLC (D)	5,579		7,197
Balfour Beatty PLC	34,581		159,192
Bank of Georgia Group PLC	2,491		84,602
Beazley PLC	32,052		237,007
Begbies Traynor Group PLC	6,626		10,419
Bellway PLC	5,044		137,390
Bloomsbury Publishing PLC	4,265		23,464
Bodycote PLC	7,984		64,236
Boohoo Group PLC (A)	3,748		2,755
BRAEMAR PLC	1,328		4,953
Britvic PLC	13,590		149,669

 

131

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Brooks Macdonald Group PLC	427	$	9,776
Bytes Technology Group PLC	8,239		39,530
Capita PLC (A)	91,929		41,509
Capricorn Energy PLC (A)	24,079		69,357
Card Factory PLC (A)	14,688		15,841
Carillion PLC (A)(B)	35,521		4,202
Carr's Group PLC	6,569		10,416
Cazoo Group, Ltd. (A)(C)	225		560
Central Asia Metals PLC	8,189		23,960
CentralNic Group PLC (A)	10,289		16,484
Chemring Group PLC	13,921		48,051
Chesnara PLC	7,709		28,604
City of London Investment Group PLC	2,068		11,208
Clarkson PLC	1,348		51,412
Close Brothers Group PLC	7,281		81,201
CMC Markets PLC (D)	7,009		15,297
Coats Group PLC	80,166		73,159
Cohort PLC	1,758		10,202
Computacenter PLC	3,225		85,530
Concentric AB	1,680		34,296
Costain Group PLC (A)	4,797		3,229
Cranswick PLC	2,778		103,405
Crest Nicholson Holdings PLC	13,693		36,903
Currys PLC	46,489		33,871
CVS Group PLC	2,750		62,872
De La Rue PLC (A)	10,028		6,394
Debenhams PLC (A)(B)	76,182		0
Deliveroo PLC (A)(D)	20,384		23,091
Devro PLC	12,253		49,549
DFS Furniture PLC	12,509		20,992
Dialight PLC (A)	105		260
Dignity PLC (A)	3,439		22,508
Diploma PLC	4,262		148,392
Direct Line Insurance Group PLC	26,553		45,107
DiscoverIE Group PLC	5,627		53,608
Domino's Pizza Group PLC	18,477		65,150
dotdigital Group PLC	12,814		15,093
Dr Martens PLC	12,054		21,137
Drax Group PLC	19,800		148,723
Dunelm Group PLC	5,320		72,536
DWF Group PLC (D)	14,677		12,167
easyJet PLC (A)	4,377		27,973
ECORA RESOURCES PLC	12,147		17,750
EKF Diagnostics Holdings PLC	8,242		3,156
Elementis PLC (A)	19,999		29,351
EMIS Group PLC	3,714		68,717
Energean PLC	5,147		82,630
EnQuest PLC (A)	115,537		26,472
Ergomed PLC (A)	2,357		29,542
Esken, Ltd. (A)	25,251		1,655
Essentra PLC	14,966		35,823
FDM Group Holdings PLC	4,489		40,154
Fevertree Drinks PLC	4,244		67,108
Firstgroup PLC	37,976		48,304
Forterra PLC (D)	10,957		26,858
Foxtons Group PLC	23,551		11,704
Frasers Group PLC (A)	9,750		93,517
Frontier Developments PLC (A)	1,107		6,429
Fuller Smith & Turner PLC, Class A	1,525		8,779
Funding Circle Holdings PLC (A)(D)	3,849		2,546
Galliford Try Holdings PLC	5,675		12,092
Games Workshop Group PLC	1,582		188,432
Gamma Communications PLC	3,729		50,015
Gem Diamonds, Ltd.	12,666		4,081
Genel Energy PLC	4,784		6,911

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Genuit Group PLC	12,035	$	41,434
Gooch & Housego PLC	1,681		9,352
Grainger PLC	32,286		92,702
Greggs PLC	5,783		198,592
Gulf Keystone Petroleum, Ltd.	11,237		20,217
Halfords Group PLC	15,547		33,486
Harbour Energy PLC	17,422		59,040
Harworth Group PLC	6,530		8,755
Hays PLC	77,290		106,961
Headlam Group PLC	6,602		24,707
Helical PLC	6,424		23,762
Helios Towers PLC (A)	21,114		27,067
Henry Boot PLC	5,301		14,586
Hill & Smith PLC	4,214		69,828
Hilton Food Group PLC	3,867		33,104
Hollywood Bowl Group PLC	8,153		23,421
Hunting PLC	8,331		24,267
Hyve Group PLC (A)	12,149		16,923
Ibstock PLC (D)	19,043		40,665
IDOX PLC	10,437		8,064
IG Group Holdings PLC	4,142		35,743
IMI PLC	1,608		30,437
Impax Asset Management Group PLC	4,165		41,265
Inchcape PLC	19,351		185,492
Indivior PLC (A)	7,200		122,984
IntegraFin Holdings PLC	12,246		40,970
International Distributions Services PLC	7,711		21,353
International Personal Finance PLC	12,526		15,290
iomart Group PLC	2,265		3,485
IP Group PLC	38,897		26,500
IQE PLC (A)	33,004		11,033
ITV PLC	89,678		92,106
J.D. Wetherspoon PLC (A)	4,332		38,411
James Fisher & Sons PLC (A)	2,814		10,051
James Halstead PLC	11,052		24,941
JET2 PLC	6,865		111,960
John Wood Group PLC (A)	34,072		84,359
Johnson Service Group PLC	24,380		36,851
Jupiter Fund Management PLC	22,824		38,274
Just Group PLC	56,562		59,917
Kainos Group PLC	4,099		70,071
Keller Group PLC	4,206		35,122
Kier Group PLC (A)	22,531		18,987
Kin & Carta PLC (A)	5,938		5,674
Knights Group Holdings PLC	2,269		1,834
Lancashire Holdings, Ltd.	14,953		102,045
Learning Technologies Group PLC	21,193		33,905
Liontrust Asset Management PLC	3,242		41,007
Lookers PLC	22,449		22,805
LSL Property Services PLC	6,404		21,530
Luceco PLC (D)	1,922		2,892
M&C Saatchi PLC (A)	253		599
Macfarlane Group PLC	6,288		8,334
Man Group PLC	60,987		177,668
Marks & Spencer Group PLC (A)	69,636		143,657
Marshalls PLC	7,595		29,309
Marston's PLC (A)	37,566		16,670
McBride PLC (A)	14,770		5,058
ME Group International PLC	18,684		28,917
Mears Group PLC	8,289		20,268
Medica Group PLC	4,479		8,623
Metro Bank PLC (A)	9,741		12,770
Midwich Group PLC	1,185		7,316
Mitchells & Butlers PLC (A)	16,776		34,087
Mitie Group PLC	94,711		95,854

 

132

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
MJ Gleeson PLC	2,770	$	14,752
Moneysupermarket.com Group PLC	27,587		85,037
Morgan Advanced Materials PLC	8,676		30,478
Morgan Sindall Group PLC	1,829		38,246
Mortgage Advice Bureau Holdings, Ltd.	1,276		11,658
MP Evans Group PLC	1,384		15,137
N. Brown Group PLC (A)	9,633		3,414
National Express Group PLC (A)	21,097		31,671
NCC Group PLC	17,294		21,824
Next Fifteen Communications Group PLC	3,756		38,879
Ninety One PLC	14,875		33,920
NIOX Group PLC (A)	9,034		5,202
Norcros PLC	6,666		15,306
Numis Corp. PLC	2,926		7,758
Odfjell Technology, Ltd. (A)	828		4,216
On the Beach Group PLC (A)(D)	5,451		9,686
OSB Group PLC	18,542		110,916
Oxford Instruments PLC	2,405		74,129
Pagegroup PLC	17,115		96,357
Pan African Resources PLC	85,815		17,532
Paragon Banking Group PLC	13,704		88,130
PayPoint PLC	4,705		26,404
Pendragon PLC (A)	102,667		21,013
Pennon Group PLC	11,961		129,238
Petrofac, Ltd. (A)	28,442		27,673
Pets at Home Group PLC	22,046		100,435
Pharos Energy PLC (A)	16,636		4,586
Phoenix Spree Deutschland, Ltd.	5,484		12,521
Polar Capital Holdings PLC	3,830		21,434
Porvair PLC	2,468		18,360
Premier Foods PLC	33,077		49,561
PZ Cussons PLC	13,141		30,087
QinetiQ Group PLC	25,053		100,648
Quilter PLC (D)	54,284		56,406
Rank Group PLC (A)	7,303		6,625
Rathbones Group PLC	3,057		72,388
Reach PLC	25,143		23,382
Redcentric PLC	5,876		9,768
Redde Northgate PLC	14,424		61,525
Redrow PLC	11,117		65,758
Renew Holdings PLC	4,150		34,656
Renewi PLC (A)	5,276		39,499
Renishaw PLC	1,045		52,901
Ricardo PLC	2,982		20,349
RM PLC (A)	8,752		7,790
Robert Walters PLC	4,693		26,058
Rotork PLC	43,727		170,384
RWS Holdings PLC	1,824		6,765
S&U PLC	513		14,977
Sabre Insurance Group PLC (D)	10,582		14,788
Saga PLC (A)	4,637		7,656
Savannah Energy PLC (A)(B)	53,744		17,403
Savills PLC	5,951		72,617
Senior PLC	21,835		42,156
Serco Group PLC	46,758		88,606
Serica Energy PLC	10,784		29,693
Severfield PLC	11,941		8,995
SIG PLC (A)	64,105		34,675
Smart Metering Systems PLC	5,194		47,651
Softcat PLC	4,570		73,411
Spectris PLC	1,787		81,078
Speedy Hire PLC	24,369		10,117
Spire Healthcare Group PLC (A)(D)	13,646		35,799
Spirent Communications PLC	33,589		72,197

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
SSP Group PLC (A)	32,793	$	99,821
SThree PLC	8,144		41,815
Stolt-Nielsen, Ltd.	2,414		77,256
Studio Retail Group PLC (A)(B)	8,139		11,546
STV Group PLC	2,712		8,350
Superdry PLC (A)	3,110		4,160
Synthomer PLC	17,828		25,839
Tate & Lyle PLC	17,496		169,447
Tatton Asset Management PLC	1,955		10,806
Telecom Plus PLC	3,652		84,981
The Gym Group PLC (A)(D)	5,959		6,790
The Restaurant Group PLC (A)	30,769		15,461
The Vitec Group PLC	2,842		31,052
THG PLC (A)	6,472		5,422
TI Fluid Systems PLC (D)	1,686		2,233
Topps Tiles PLC	15,591		8,802
TORM PLC, Class A	1,596		49,082
TP ICAP Group PLC	45,423		100,986
Travis Perkins PLC	9,597		113,620
Trifast PLC	7,237		6,957
TT Electronics PLC	14,769		34,170
Tullow Oil PLC (A)	72,437		28,167
Tyman PLC	9,005		26,748
Vanquis Banking Group PLC	13,396		39,204
Verici Dx PLC (A)	165		27
Vertu Motors PLC	13,548		10,021
Vesuvius PLC	12,719		64,934
Victrex PLC	3,473		68,586
Virgin Money UK PLC	57,990		104,804
Vistry Group PLC	14,429		139,617
Volex PLC	6,211		16,573
Volution Group PLC	9,834		52,542
Vp PLC	637		5,289
Watches of Switzerland Group PLC (A)(D)	10,654		107,457
Watkin Jones PLC	10,502		11,521
WH Smith PLC	5,221		96,643
Wickes Group PLC	13,094		22,324
Wilmington PLC	8,076		30,197
Wincanton PLC	8,498		22,652
Xaar PLC (A)	5,629		14,542
XPS Pensions Group PLC	13,660		26,941
Young & Co's Brewery PLC	1,750		14,363
Young & Co's Brewery PLC, Class A	1,224		15,526
Zotefoams PLC	1,549		7,407
			11,136,940
United States - 0.8%
ADTRAN Holdings, Inc.	3,066		48,505
Argonaut Gold, Inc. (A)	16,734		7,801
Atlantic Sapphire ASA (A)	1,333		723
Burford Capital, Ltd.	8,414		78,412
Diversified Energy Company PLC	38,586		45,061
Energy Fuels, Inc. (A)	730		4,073
Frontage Holdings Corp. (A)(D)	14,000		4,219
Invesque, Inc. (A)	2,000		1,700
Kingsway Financial Services, Inc. (A)	425		3,744
Perpetua Resources Corp. (A)	3,000		13,363
Primo Water Corp.	1,600		24,560
Primo Water Corp. (Toronto Stock Exchange)	6,607		101,439
PureTech Health PLC (A)	16,139		43,994
REC Silicon ASA (A)	16,036		26,733
Reliance Worldwide Corp., Ltd.	36,825		91,597
Samsonite International SA (A)(D)	37,800		117,209
SSR Mining, Inc.	7,507		113,535

 

133

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
SunOpta, Inc. (A)	5,608	$	43,030
VAALCO Energy, Inc.	3,094		14,018
Viemed Healthcare, Inc. (A)	2,600		25,116
			808,832
TOTAL COMMON STOCKS (Cost $113,191,738)		$	100,285,000
PREFERRED SECURITIES - 0.4%
Germany - 0.4%
Draegerwerk AG & Company KGaA	565		25,985
Fuchs Petrolub SE	3,739		152,456
Jungheinrich AG	2,336		81,669
Sixt SE	838		68,104
STO SE & Company KGaA	163		30,129
Villeroy & Boch AG	625		14,723
			373,066
TOTAL PREFERRED SECURITIES (Cost $331,907)		$	373,066
WARRANTS - 0.0%
Ezion Holdings, Ltd. (Expiration Date: 4-6-23; Strike Price: SGD 0.28) (A)	78,780		0
Treasury Metals, Inc. (Expiration Date: 8-7-23; Strike Price: CAD 1.50) (A)	650		12
Webuild SpA (Expiration Date: 8-2-30) (A)(E)	1,316		1,392
TOTAL WARRANTS (Cost $0)		$	1,404
RIGHTS - 0.0%
Intercell AG (A)(B)(E)	3,233		0
Kelsian Group Ltd. (Expiration Date: 4-6-23; Strike Price: AUD 5.55) (A)	286		57
Polymet Mining Corp. (Expiration Date: 4-5-23; Strike Price: CAD 2.90) (A)	1,185		9

International Small Company Trust (continued)

	Shares or Principal Amount	Value
RIGHTS (continued)
S IMMO AG (Expiration Date: 1-1-26) (A)(E)	2,772	$	0
Strabag SE (Expiration Date: 1-1-27) (A)(B)(E)	1,144		0
TOTAL RIGHTS (Cost $0)		$	66
SHORT-TERM INVESTMENTS - 1.6%
Short-term funds - 1.6%
John Hancock Collateral Trust, 4.9438% (F)(G)	165,237		1,651,854
TOTAL SHORT-TERM INVESTMENTS (Cost $1,651,798)		$	1,651,854
Total Investments (International Small Company Trust) (Cost $115,175,443) - 100.3%		$	102,311,390
Other assets and liabilities, net - (0.3%)			(260,559)
TOTAL NET ASSETS - 100.0%		$	102,050,831

Currency Abbreviations
AUD	Australian Dollar
CAD	Canadian Dollar
SGD	Singapore Dollar
Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $1,492,245.
(D)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(E)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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	6	Long	Jun 2023	$618,552	$628,980	$10,428
						$10,428

^ 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 – 68.6%
U.S. Government – 32.2%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	4,170,000	$	2,424,138
1.875%, 11/15/2051		3,165,000		2,155,167
2.250%, 08/15/2046		3,655,000		2,758,240
2.500%, 02/15/2045 (A)		1,204,000		960,707
2.500%, 02/15/2046		648,000		514,654
3.000%, 11/15/2044 to 08/15/2052		11,680,000		10,189,410

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
3.125%, 08/15/2044 (A)	$	5,535,000	$	4,938,258
3.125%, 05/15/2048		3,205,000		2,860,463
3.375%, 08/15/2042 to 05/15/2044		2,490,000		2,322,957
3.625%, 08/15/2043 to 02/15/2053		1,510,000		1,484,059
3.750%, 11/15/2043 (A)		2,908,000		2,872,332
3.875%, 02/15/2043		340,000		343,028

 

134

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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 (continued)
U.S. Treasury Bonds (continued)
4.000%, 11/15/2052	$	1,660,000	$	1,761,675
4.375%, 11/15/2039		1,170,000		1,278,225
U.S. Treasury Inflation Protected Securities
0.125%, 02/15/2052		340,594		236,243
0.250%, 07/15/2029 to 02/15/2050		3,944,277		3,647,584
0.750%, 07/15/2028		2,291,312		2,246,627
1.125%, 01/15/2033		3,459,090		3,450,037
U.S. Treasury Notes
0.625%, 05/15/2030		3,430,000		2,807,911
1.625%, 05/15/2031 (A)		6,790,000		5,901,200
1.875%, 02/15/2032		3,110,000		2,729,511
2.750%, 08/15/2032		2,945,000		2,771,521
2.875%, 05/31/2025 (A)		3,985,000		3,890,201
4.625%, 03/15/2026		4,520,000		4,623,113
				69,167,261
U.S. Government Agency – 36.4%
Federal Home Loan Mortgage Corp.
2.000%, 01/01/2052		10,681,690		8,827,100
2.500%, 01/01/2052 to 05/01/2052		4,201,905		3,622,870
3.000%, 12/01/2046 to 04/01/2048		253,487		231,025
3.500%, 03/01/2048 to 06/01/2048		698,230		657,277
5.000%, 12/01/2034		73,737		74,974
6.500%, 04/01/2029 to 08/01/2034		4,605		4,889
7.500%, 12/01/2025 to 05/01/2028		1,120		1,157
Federal National Mortgage Association
2.000%, TBA (B)		3,600,000		3,158,732
2.000%, 01/01/2052 to 02/01/2052		571,075		471,923
2.500%, TBA (B)		5,667,000		4,884,466
2.500%, 07/01/2030 to 04/01/2050		1,267,706		1,118,195
2.660%, 03/01/2027		770,026		727,240
3.000%, TBA (B)		3,400,000		3,048,845
3.500%, 06/01/2046 to 05/01/2048		2,562,643		2,413,842
4.000%, TBA (B)		3,700,000		3,538,414
4.500%, TBA (B)		17,875,000		17,509,096
5.500%, TBA (B)		6,530,000		6,596,319
Government National Mortgage Association
2.000%, TBA (B)		2,600,000		2,207,602
3.000%, TBA (B)		7,500,000		6,822,496
3.500%, TBA (B)		5,400,000		5,062,801
4.000%, TBA (B)		2,600,000		2,502,940
4.000%, 11/15/2040 to 02/15/2042		19,998		19,610
4.500%, TBA (B)		4,600,000		4,530,811
6.000%, 08/15/2032 to 04/15/2035		24,423		25,459
6.500%, 06/15/2028 to 02/15/2035		13,579		13,943
7.000%, 11/15/2031 to 11/15/2033		59,096		61,057
				78,133,083
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $158,744,675)			$	147,300,344
FOREIGN GOVERNMENT OBLIGATIONS – 3.2%
Angola – 0.1%
Republic of Angola 8.000%, 11/26/2029		200,000		171,100
Benin – 0.1%
Republic of Benin 4.950%, 01/22/2035	EUR	305,000		226,666
Bermuda – 0.2%
Government of Bermuda
2.375%, 08/20/2030 (C)	$	200,000		170,573

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Bermuda (continued)
Government of Bermuda (continued)
5.000%, 07/15/2032 (C)	$	200,000	$	200,588
				371,161
Brazil – 0.5%
Federative Republic of Brazil 10.000%, 01/01/2031	BRL	5,476,000		972,327
Chile – 0.1%
Republic of Chile 1.250%, 01/22/2051	EUR	165,000		96,116
Colombia – 0.1%
Republic of Colombia
5.000%, 06/15/2045	$	200,000		139,543
5.625%, 02/26/2044		200,000		151,050
				290,593
Costa Rica – 0.1%
Republic of Costa Rica 6.550%, 04/03/2034 (C)		200,000		201,000
Ghana – 0.0%
Republic of Ghana 6.375%, 02/11/2027 (C)		200,000		71,180
Hungary – 0.3%
Republic of Hungary 1.625%, 04/28/2032	EUR	735,000		586,437
Indonesia – 0.2%
Republic of Indonesia 1.100%, 03/12/2033		530,000		422,635
Ivory Coast – 0.1%
Republic of Ivory Coast 4.875%, 01/30/2032		225,000		185,525
Mexico – 0.3%
Government of Mexico
1.125%, 01/17/2030		200,000		176,429
1.450%, 10/25/2033		600,000		469,101
				645,530
North Macedonia – 0.2%
Republic of North Macedonia
2.750%, 01/18/2025		210,000		213,839
3.675%, 06/03/2026 (C)		265,000		263,707
				477,546
Panama – 0.1%
Republic of Panama 3.870%, 07/23/2060	$	385,000		251,655
Philippines – 0.2%
Republic of the Philippines
1.200%, 04/28/2033	EUR	330,000		264,983
1.750%, 04/28/2041		200,000		136,366
				401,349
Romania – 0.4%
Republic of Romania
2.625%, 12/02/2040 (C)		335,000		209,908
2.750%, 04/14/2041		485,000		308,512
3.375%, 02/08/2038		170,000		127,875
4.625%, 04/03/2049		317,000		254,910
				901,205
Saudi Arabia – 0.1%
Kingdom of Saudi Arabia
2.000%, 07/09/2039		155,000		120,907
5.000%, 01/18/2053 (C)	$	200,000		185,869
				306,776

 

135

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
United Arab Emirates – 0.1%
Finance Department Government of Sharjah 3.625%, 03/10/2033 (C)	$	280,000	$	226,574
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $9,433,978)			$	6,805,375
CORPORATE BONDS – 24.6%
Communication services – 2.2%
AT&T, Inc.
3.550%, 09/15/2055		498,000		357,469
3.800%, 12/01/2057		51,000		37,863
Charter Communications Operating LLC
3.500%, 03/01/2042		42,000		28,377
5.125%, 07/01/2049		165,000		130,608
5.750%, 04/01/2048		45,000		38,834
6.484%, 10/23/2045		250,000		236,849
6.834%, 10/23/2055		40,000		38,862
Comcast Corp. 3.750%, 04/01/2040		215,000		184,555
Cox Communications, Inc. 2.600%, 06/15/2031 (C)		130,000		107,384
Discovery Communications LLC
4.000%, 09/15/2055		246,000		163,136
5.200%, 09/20/2047		93,000		77,048
5.300%, 05/15/2049		247,000		205,976
IHS Holding, Ltd. 6.250%, 11/29/2028 (C)		200,000		160,200
Lamar Media Corp. 3.625%, 01/15/2031		250,000		215,000
Paramount Global
4.200%, 06/01/2029 to 05/19/2032		165,000		143,997
4.375%, 03/15/2043		75,000		53,296
4.950%, 01/15/2031		310,000		286,013
5.250%, 04/01/2044		115,000		91,497
Rogers Communications, Inc.
3.800%, 03/15/2032 (C)		30,000		26,924
4.550%, 03/15/2052 (C)		115,000		94,596
Sirius XM Radio, Inc. 4.125%, 07/01/2030 (C)		40,000		32,700
Time Warner Cable LLC
4.500%, 09/15/2042		455,000		349,418
5.875%, 11/15/2040		65,000		58,912
T-Mobile USA, Inc.
2.050%, 02/15/2028		150,000		133,094
3.875%, 04/15/2030		45,000		42,224
5.050%, 07/15/2033		90,000		90,446
Verizon Communications, Inc.
2.355%, 03/15/2032		135,000		110,754
2.550%, 03/21/2031		85,000		72,411
2.650%, 11/20/2040		70,000		49,980
2.850%, 09/03/2041		50,000		36,612
3.850%, 11/01/2042		35,000		29,255
4.272%, 01/15/2036		15,000		13,914
Vodafone Group PLC 5.750%, 02/10/2063		85,000		84,129
WarnerMedia Holdings, Inc.
4.279%, 03/15/2032 (C)		130,000		116,064
5.141%, 03/15/2052 (C)		320,000		259,275
WMG Acquisition Corp.
3.000%, 02/15/2031 (C)		75,000		62,702
3.750%, 12/01/2029 (C)		85,000		75,278
3.875%, 07/15/2030 (C)		450,000		395,114
				4,690,766

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 1.1%
AutoZone, Inc. 4.750%, 08/01/2032 to 02/01/2033	$	115,000	$	113,929
General Motors Financial Company, Inc. 3.600%, 06/21/2030		100,000		87,615
Hanesbrands, Inc. 4.875%, 05/15/2026 (C)		50,000		47,375
Howard University
2.701%, 10/01/2029		100,000		86,840
2.801%, 10/01/2030		100,000		85,829
3.476%, 10/01/2041		120,000		92,607
O'Reilly Automotive, Inc. 4.700%, 06/15/2032		125,000		123,377
Service Corp. International
3.375%, 08/15/2030		335,000		285,588
5.125%, 06/01/2029		507,000		489,097
Taylor Morrison Communities, Inc.
5.125%, 08/01/2030 (C)		40,000		36,923
5.750%, 01/15/2028 (C)		302,000		297,068
The Gap, Inc.
3.625%, 10/01/2029 (C)		240,000		171,169
3.875%, 10/01/2031 (C)		440,000		305,303
The William Carter Company 5.625%, 03/15/2027 (C)		105,000		102,056
				2,324,776
Consumer staples – 1.0%
Anheuser-Busch InBev Worldwide, Inc. 5.450%, 01/23/2039		138,000		144,894
BAT Capital Corp. 4.742%, 03/16/2032		175,000		162,571
BAT International Finance PLC 4.448%, 03/16/2028		145,000		137,823
Conagra Brands, Inc. 5.400%, 11/01/2048		30,000		29,364
Constellation Brands, Inc.
3.150%, 08/01/2029		47,000		42,971
4.650%, 11/15/2028		15,000		14,991
General Mills, Inc. 4.950%, 03/29/2033		40,000		40,622
Kenvue, Inc. 5.050%, 03/22/2053 (C)		140,000		144,283
Keurig Dr. Pepper, Inc. 3.950%, 04/15/2029		195,000		186,945
NBM US Holdings, Inc. 7.000%, 05/14/2026 (C)		420,000		416,945
Philip Morris International, Inc.
4.875%, 02/15/2028		315,000		317,924
5.125%, 11/17/2027 to 02/15/2030		430,000		437,770
5.375%, 02/15/2033		25,000		25,540
5.625%, 11/17/2029		95,000		99,262
				2,201,905
Energy – 2.3%
Aker BP ASA 2.000%, 07/15/2026 (C)		200,000		179,915
BP Capital Markets America, Inc.
2.939%, 06/04/2051		120,000		83,207
3.000%, 02/24/2050		20,000		14,155
3.633%, 04/06/2030		35,000		33,217
4.812%, 02/13/2033		230,000		233,534
ConocoPhillips Company 4.025%, 03/15/2062		45,000		36,858
Continental Resources, Inc.
2.875%, 04/01/2032 (C)		50,000		38,825
5.750%, 01/15/2031 (C)		60,000		57,659
Diamondback Energy, Inc. 6.250%, 03/15/2033 to 03/15/2053		150,000		156,231

 

136

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Ecopetrol SA 4.625%, 11/02/2031	$	410,000	$	315,416
Energo-Pro AS 8.500%, 02/04/2027 (C)		315,000		302,006
Energy Transfer LP
5.250%, 04/15/2029		80,000		79,691
5.550%, 02/15/2028		110,000		111,700
6.125%, 12/15/2045		85,000		82,165
Enterprise Products Operating LLC
4.950%, 10/15/2054		80,000		72,378
5.350%, 01/31/2033		25,000		25,902
EQM Midstream Partners LP 6.500%, 07/01/2027 (C)		15,000		14,539
EQT Corp. 5.700%, 04/01/2028		85,000		84,908
Equinor ASA
3.625%, 04/06/2040		125,000		107,443
3.700%, 04/06/2050		15,000		12,612
Galaxy Pipeline Assets Bidco, Ltd. 2.940%, 09/30/2040 (C)		189,970		153,683
Hess Corp.
7.125%, 03/15/2033		38,000		42,127
7.300%, 08/15/2031		95,000		105,876
Leviathan Bond, Ltd. 6.500%, 06/30/2027 (C)		235,000		225,415
Marathon Oil Corp. 6.600%, 10/01/2037		65,000		66,350
MPLX LP 4.950%, 09/01/2032 to 03/14/2052		185,000		176,028
ONEOK, Inc.
3.100%, 03/15/2030		60,000		52,417
3.400%, 09/01/2029		130,000		115,849
4.550%, 07/15/2028		30,000		29,021
5.200%, 07/15/2048		45,000		38,890
6.100%, 11/15/2032		95,000		98,348
6.350%, 01/15/2031		27,000		28,301
Ovintiv, Inc.
6.500%, 08/15/2034		40,000		40,438
6.625%, 08/15/2037		95,000		95,825
Pioneer Natural Resources Company 5.100%, 03/29/2026		25,000		25,104
Plains All American Pipeline LP
3.800%, 09/15/2030		175,000		155,946
4.900%, 02/15/2045		45,000		36,058
Shell International Finance BV
2.875%, 11/26/2041		55,000		42,219
3.000%, 11/26/2051		70,000		50,429
3.250%, 04/06/2050		75,000		57,183
Southwestern Energy Company 4.750%, 02/01/2032		50,000		44,150
Targa Resources Corp.
4.200%, 02/01/2033		100,000		89,969
6.125%, 03/15/2033		75,000		77,664
6.250%, 07/01/2052		110,000		108,437
Targa Resources Partners LP 4.875%, 02/01/2031		20,000		18,714
The Williams Companies, Inc.
4.650%, 08/15/2032		145,000		139,759
5.650%, 03/15/2033		85,000		87,781
Transcontinental Gas Pipe Line Company LLC 3.250%, 05/15/2030		60,000		54,338
Tullow Oil PLC 7.000%, 03/01/2025 (C)(D)		200,000		118,209

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Var Energi ASA 7.500%, 01/15/2028 (C)	$	250,000	$	258,823
Viper Energy Partners LP 5.375%, 11/01/2027 (C)		257,000		247,162
Western Midstream Operating LP 6.150%, 04/01/2033		30,000		30,407
				4,953,281
Financials – 6.7%
Aon Corp. 5.350%, 02/28/2033		30,000		31,074
Athene Global Funding
2.646%, 10/04/2031 (C)		215,000		170,723
2.717%, 01/07/2029 (C)(D)		355,000		302,662
Bank of America Corp.
1.898%, (1.898% to 7-23-30, then SOFR + 1.530%), 07/23/2031		30,000		24,058
1.922%, (1.922% to 10-24-30, then SOFR + 1.370%), 10/24/2031		80,000		63,807
2.572%, (2.572% to 10-20-31, then SOFR + 1.210%), 10/20/2032		110,000		89,904
2.592%, (2.592% to 4-29-30, then SOFR + 2.150%), 04/29/2031		170,000		143,967
2.687%, (2.687% to 4-22-31, then SOFR + 1.320%), 04/22/2032		600,000		500,714
2.972%, (2.972% to 2-4-32, then SOFR + 1.330%), 02/04/2033		30,000		25,261
3.194%, (3.194% to 7-23-29, then 3 month LIBOR + 1.180%), 07/23/2030		320,000		284,406
4.376%, (4.376% to 4-27-27, then SOFR + 1.580%), 04/27/2028		285,000		275,588
4.948%, (4.948% to 7-22-27, then SOFR + 2.040%), 07/22/2028		190,000		188,912
Bank of Ireland Group PLC 6.253%, (6.253% to 9-16-25, then 1 Year CMT + 2.650%), 09/16/2026 (C)		345,000		342,914
Barclays PLC 7.385%, (7.385% to 11-2-27, then 1 Year CMT + 3.300%), 11/02/2028		200,000		211,989
BNP Paribas SA
2.219%, (2.219% to 6-9-25, then SOFR + 2.074%), 06/09/2026 (C)		240,000		220,412
4.375%, (4.375% to 3-1-28, then 5 Year U.S. Swap Rate + 1.483%), 03/01/2033 (C)		235,000		214,063
5.125%, (5.125% to 1-13-28, then 1 Year CMT + 1.450%), 01/13/2029 (C)		255,000		255,522
Capital One Financial Corp.
5.247%, (5.247% to 7-26-29, then SOFR + 2.600%), 07/26/2030		260,000		245,442
5.468%, (5.468% to 2-1-28, then SOFR + 2.080%), 02/01/2029		30,000		29,237
5.817%, (5.817% to 2-1-33, then SOFR + 2.600%), 02/01/2034		60,000		57,979
Corebridge Financial, Inc.
3.850%, 04/05/2029 (C)		75,000		68,434
6.875%, (6.875% to 9-15-27, then 5 Year CMT + 3.846%), 12/15/2052 (C)		240,000		213,948
Credit Suisse Group AG
6.442%, (6.442% to 8-11-27, then SOFR + 3.700%), 08/11/2028 (C)		250,000		247,950
6.537%, (6.537% to 8-12-32, then SOFR + 3.920%), 08/12/2033 (C)		520,000		534,300

 

137

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Danske Bank A/S 5.375%, 01/12/2024 (C)	$	235,000	$	232,811
Deutsche Bank AG
2.129%, (2.129% to 11-24-25, then SOFR + 1.870%), 11/24/2026		220,000		189,590
2.311%, (2.311% to 11-16-26, then SOFR + 1.219%), 11/16/2027		180,000		152,538
Equitable Financial Life Global Funding 1.800%, 03/08/2028 (C)		315,000		265,330
FirstCash, Inc.
4.625%, 09/01/2028 (C)		250,000		221,733
5.625%, 01/01/2030 (C)		220,000		202,950
GTP Acquisition Partners I LLC 3.482%, 06/16/2025 (C)		730,000		698,191
HSBC Holdings PLC
2.206%, (2.206% to 8-17-28, then SOFR + 1.285%), 08/17/2029		200,000		167,698
2.804%, (2.804% to 5-24-31, then SOFR + 1.187%), 05/24/2032		250,000		204,151
4.762%, (4.762% to 3-29-32, then SOFR + 2.530%), 03/29/2033		200,000		180,777
5.402%, (5.402% to 8-11-32, then SOFR + 2.870%), 08/11/2033		570,000		563,391
6.161%, (6.161% to 3-9-28, then SOFR + 1.970%), 03/09/2029		200,000		205,620
6.332%, (6.332% to 3-9-43, then SOFR + 2.650%), 03/09/2044		200,000		211,236
Intercontinental Exchange, Inc.
4.350%, 06/15/2029		55,000		54,250
4.600%, 03/15/2033		25,000		24,796
4.950%, 06/15/2052		20,000		19,446
JPMorgan Chase & Co.
2.545%, (2.545% to 11-8-31, then SOFR + 1.180%), 11/08/2032		115,000		95,346
3.509%, (3.509% to 1-23-28, then 3 month LIBOR + 0.945%), 01/23/2029		285,000		266,662
3.702%, (3.702% to 5-6-29, then 3 month LIBOR + 1.160%), 05/06/2030		105,000		97,607
4.005%, (4.005% to 4-23-28, then 3 month LIBOR + 1.120%), 04/23/2029		315,000		301,014
4.323%, (4.323% to 4-26-27, then SOFR + 1.560%), 04/26/2028		375,000		365,801
4.851%, (4.851% to 7-25-27, then SOFR + 1.990%), 07/25/2028		150,000		149,731
M&T Bank Corp. 5.053%, (5.053% to 1-27-33, then SOFR + 1.850%), 01/27/2034		525,000		487,513
Marsh & McLennan Companies, Inc. 4.750%, 03/15/2039		120,000		113,705
Morgan Stanley
1.794%, (1.794% to 2-13-31, then SOFR + 1.034%), 02/13/2032		270,000		211,966
1.928%, (1.928% to 4-28-31, then SOFR + 1.020%), 04/28/2032		200,000		157,341
2.239%, (2.239% to 7-21-31, then SOFR + 1.178%), 07/21/2032		245,000		196,578
3.591%, (3.591% to 7-22-27, then 3 month LIBOR + 1.340%), 07/22/2028		190,000		179,468
4.210%, (4.210% to 4-20-27, then SOFR + 1.610%), 04/20/2028		155,000		150,421

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
MSCI, Inc.
3.625%, 11/01/2031 (C)	$	112,000	$	95,900
3.875%, 02/15/2031 (C)		63,000		56,076
4.000%, 11/15/2029 (C)		90,000		82,116
National Rural Utilities Cooperative Finance Corp.
4.800%, 03/15/2028		195,000		196,861
5.800%, 01/15/2033		100,000		106,468
OneMain Finance Corp. 6.125%, 03/15/2024		75,000		73,061
Societe Generale SA 6.221%, (6.221% to 6-15-32, then 1 Year CMT + 3.200%), 06/15/2033 (C)		565,000		524,916
Standard Chartered PLC 7.767%, (7.767% to 11-16-27, then 1 Year CMT + 3.450%), 11/16/2028 (C)		200,000		214,446
Synchrony Financial
2.875%, 10/28/2031		85,000		60,089
7.250%, 02/02/2033		125,000		110,275
The Goldman Sachs Group, Inc.
2.383%, (2.383% to 7-21-31, then SOFR + 1.248%), 07/21/2032		325,000		263,862
2.615%, (2.615% to 4-22-31, then SOFR + 1.281%), 04/22/2032		340,000		283,217
4.223%, (4.223% to 5-1-28, then 3 month LIBOR + 1.301%), 05/01/2029		235,000		225,199
4.482%, (4.482% to 8-23-27, then SOFR + 1.725%), 08/23/2028		65,000		63,573
Wells Fargo & Company
3.000%, 10/23/2026		35,000		32,742
3.350%, (3.350% to 3-2-32, then SOFR + 1.500%), 03/02/2033		120,000		104,010
3.908%, (3.908% to 4-25-25, then SOFR + 1.320%), 04/25/2026		195,000		189,270
4.808%, (4.808% to 7-25-27, then SOFR + 1.980%), 07/25/2028		180,000		177,743
4.897%, (4.897% to 7-25-32, then SOFR + 2.100%), 07/25/2033		220,000		214,747
Willis North America, Inc. 3.600%, 05/15/2024		115,000		113,294
				14,298,792
Health care – 1.9%
Alcon Finance Corp. 5.375%, 12/06/2032 (C)		200,000		205,908
Amgen, Inc.
5.150%, 03/02/2028		95,000		96,997
5.250%, 03/02/2030 to 03/02/2033		260,000		266,893
5.750%, 03/02/2063		105,000		108,952
Avantor Funding, Inc. 4.625%, 07/15/2028 (C)		375,000		355,313
Baxter International, Inc. 2.539%, 02/01/2032		165,000		134,335
Centene Corp.
2.450%, 07/15/2028		100,000		87,000
3.375%, 02/15/2030		5,000		4,362
4.250%, 12/15/2027		50,000		48,172
4.625%, 12/15/2029		585,000		550,040
CommonSpirit Health 3.347%, 10/01/2029		60,000		53,955
CSL Finance PLC
4.050%, 04/27/2029 (C)		155,000		149,536
4.250%, 04/27/2032 (C)		40,000		38,759
CVS Health Corp.
4.125%, 04/01/2040		85,000		73,037

 

138

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
CVS Health Corp. (continued)
5.125%, 02/21/2030 to 07/20/2045	$	175,000	$	174,145
Haleon US Capital LLC 3.375%, 03/24/2029		250,000		230,642
Humana, Inc. 3.700%, 03/23/2029		225,000		211,685
Kaiser Foundation Hospitals
2.810%, 06/01/2041		45,000		32,931
3.002%, 06/01/2051		110,000		77,379
Royalty Pharma PLC
2.150%, 09/02/2031		420,000		331,950
2.200%, 09/02/2030		85,000		69,430
3.300%, 09/02/2040		25,000		18,116
Sutter Health 3.361%, 08/15/2050		20,000		14,608
The Cigna Group 5.400%, 03/15/2033		110,000		114,205
UnitedHealth Group, Inc.
2.750%, 05/15/2040		110,000		83,192
3.500%, 08/15/2039		70,000		59,573
4.000%, 05/15/2029		140,000		136,884
4.950%, 05/15/2062		30,000		29,199
5.250%, 02/15/2028		85,000		88,385
5.350%, 02/15/2033		170,000		180,675
5.875%, 02/15/2053		20,000		22,480
6.050%, 02/15/2063		30,000		34,156
				4,082,894
Industrials – 1.9%
Ashtead Capital, Inc. 4.375%, 08/15/2027 (C)		605,000		579,627
Booz Allen Hamilton, Inc. 3.875%, 09/01/2028 (C)		420,000		383,267
Builders FirstSource, Inc. 5.000%, 03/01/2030 (C)		225,000		208,348
Clean Harbors, Inc. 4.875%, 07/15/2027 (C)		620,000		597,995
DAE Funding LLC 1.550%, 08/01/2024 (C)		435,000		409,130
International Airport Finance SA 12.000%, 03/15/2033 (C)		320,972		306,606
Northrop Grumman Corp. 5.150%, 05/01/2040		95,000		96,135
Otis Worldwide Corp. 2.565%, 02/15/2030		210,000		184,154
Penske Truck Leasing Company LP
2.700%, 11/01/2024 (C)		205,000		196,146
4.000%, 07/15/2025 (C)		170,000		164,659
4.400%, 07/01/2027 (C)		140,000		134,306
Raytheon Technologies Corp.
5.150%, 02/27/2033		70,000		72,849
5.375%, 02/27/2053		25,000		26,313
Regal Rexnord Corp.
6.050%, 04/15/2028 (C)		310,000		310,138
6.300%, 02/15/2030 (C)		145,000		146,001
The Boeing Company
5.040%, 05/01/2027		55,000		55,399
5.150%, 05/01/2030		170,000		171,063
United Rentals North America, Inc.
4.000%, 07/15/2030		35,000		31,449
5.500%, 05/15/2027		32,000		31,696
				4,105,281
Information technology – 2.7%
Black Knight InfoServ LLC 3.625%, 09/01/2028 (C)		699,000		635,216

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Broadcom, Inc.
3.419%, 04/15/2033 (C)	$	85,000	$	71,120
3.469%, 04/15/2034 (C)		46,000		37,779
4.000%, 04/15/2029 (C)		245,000		229,178
CDW LLC
2.670%, 12/01/2026		60,000		53,971
3.250%, 02/15/2029		340,000		299,027
3.569%, 12/01/2031		50,000		43,007
4.125%, 05/01/2025		230,000		223,127
Fair Isaac Corp. 4.000%, 06/15/2028 (C)		386,000		358,015
Gartner, Inc. 4.500%, 07/01/2028 (C)		193,000		183,196
Gen Digital, Inc.
5.000%, 04/15/2025 (C)		530,000		520,452
6.750%, 09/30/2027 (C)		70,000		70,364
Go Daddy Operating Company LLC
3.500%, 03/01/2029 (C)		55,000		47,555
5.250%, 12/01/2027 (C)		454,000		441,794
Intel Corp.
3.100%, 02/15/2060		110,000		72,425
4.900%, 08/05/2052		140,000		130,444
5.125%, 02/10/2030		50,000		50,923
5.200%, 02/10/2033		85,000		86,572
5.700%, 02/10/2053		45,000		45,927
5.900%, 02/10/2063		80,000		82,339
Marvell Technology, Inc.
2.450%, 04/15/2028		145,000		126,990
2.950%, 04/15/2031		95,000		79,330
Nokia OYJ 4.375%, 06/12/2027		130,000		124,283
NVIDIA Corp. 3.500%, 04/01/2040		110,000		94,448
NXP BV
4.300%, 06/18/2029		25,000		24,009
5.550%, 12/01/2028		95,000		96,894
Open Text Corp.
3.875%, 12/01/2029 (C)		355,000		298,830
6.900%, 12/01/2027 (C)		250,000		257,900
Open Text Holdings, Inc. 4.125%, 12/01/2031 (C)		60,000		49,500
Oracle Corp.
2.950%, 04/01/2030		50,000		44,148
3.850%, 04/01/2060		380,000		265,101
4.100%, 03/25/2061		95,000		69,875
4.125%, 05/15/2045		10,000		7,853
6.150%, 11/09/2029		190,000		202,374
Qorvo, Inc.
3.375%, 04/01/2031 (C)		120,000		99,271
4.375%, 10/15/2029		30,000		27,644
SS&C Technologies, Inc. 5.500%, 09/30/2027 (C)		262,000		254,218
				5,805,099
Materials – 0.8%
Anglo American Capital PLC 2.625%, 09/10/2030 (C)		200,000		166,406
ArcelorMittal SA 6.800%, 11/29/2032		205,000		215,038
Ball Corp. 4.000%, 11/15/2023		570,000		563,258
Celanese US Holdings LLC 6.165%, 07/15/2027		190,000		191,084
FS Luxembourg Sarl 10.000%, 12/15/2025 (C)		200,000		198,772

 

139

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Nutrien, Ltd. 4.900%, 03/27/2028	$	55,000	$	54,984
Standard Industries, Inc.
3.375%, 01/15/2031 (C)		10,000		8,037
4.375%, 07/15/2030 (C)		410,000		356,700
				1,754,279
Real estate – 0.9%
American Tower Corp.
2.700%, 04/15/2031		30,000		25,159
3.650%, 03/15/2027		135,000		128,227
American Tower Trust I 5.490%, 03/15/2028 (C)		440,000		444,116
Crown Castle, Inc.
2.900%, 03/15/2027		110,000		102,090
5.000%, 01/11/2028		160,000		161,267
EPR Properties 4.950%, 04/15/2028		190,000		158,644
GLP Capital LP
4.000%, 01/15/2031		85,000		72,914
5.300%, 01/15/2029		130,000		124,040
5.750%, 06/01/2028		130,000		126,803
SBA Tower Trust 2.836%, 01/15/2025 (C)		300,000		284,182
VICI Properties LP
4.950%, 02/15/2030		287,000		269,311
5.125%, 05/15/2032		60,000		56,528
				1,953,281
Utilities – 3.1%
Alabama Power Company
3.450%, 10/01/2049		120,000		89,970
4.150%, 08/15/2044		105,000		90,119
Cleco Corporate Holdings LLC
3.375%, 09/15/2029		140,000		121,644
4.973%, 05/01/2046		5,000		4,429
Consolidated Edison Company of New York, Inc. 3.200%, 12/01/2051		120,000		86,349
Dominion Energy, Inc.
3.375%, 04/01/2030		20,000		18,178
5.375%, 11/15/2032		345,000		353,545
6.300%, 03/15/2033		5,000		5,482
Duke Energy Corp.
2.550%, 06/15/2031		425,000		355,631
4.500%, 08/15/2032		140,000		135,352
Duke Energy Indiana LLC
2.750%, 04/01/2050		80,000		52,850
3.250%, 10/01/2049		105,000		76,765
Duke Energy Ohio, Inc. 5.250%, 04/01/2033		5,000		5,145
Duke Energy Progress LLC
3.700%, 10/15/2046		125,000		97,291
4.000%, 04/01/2052		65,000		54,051
Edison International 6.950%, 11/15/2029		55,000		59,500
Emera, Inc. 6.750%, (6.750% to 6-15-26, then 3 month LIBOR + 5.440% to 6-15-46, then 3 month LIBOR + 6.190%), 06/15/2076		260,000		242,264
Enel Finance International NV 5.000%, 06/15/2032 (C)		200,000		188,088
Evergy, Inc.
2.450%, 09/15/2024		15,000		14,367
2.900%, 09/15/2029		175,000		156,842

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Eversource Energy 5.450%, 03/01/2028	$	45,000	$	46,630
Florida Power & Light Company 5.100%, 04/01/2033		55,000		56,988
Georgia Power Company
4.300%, 03/15/2042		75,000		66,175
4.700%, 05/15/2032		65,000		64,379
Greenko Wind Projects Mauritius, Ltd. 5.500%, 04/06/2025		200,000		189,132
Greensaif Pipelines Bidco Sarl
6.129%, 02/23/2038 (C)		200,000		205,760
6.510%, 02/23/2042 (C)		200,000		210,674
IPALCO Enterprises, Inc. 3.700%, 09/01/2024		175,000		170,032
Kentucky Utilities Company 5.450%, 04/15/2033		80,000		83,193
KeySpan Gas East Corp. 5.994%, 03/06/2033 (C)		130,000		134,026
Louisville Gas and Electric Company 5.450%, 04/15/2033		80,000		83,136
NextEra Energy Capital Holdings, Inc.
4.625%, 07/15/2027		300,000		299,192
5.000%, 02/28/2030 to 07/15/2032		175,000		176,299
6.051%, 03/01/2025		25,000		25,433
NiSource, Inc.
3.490%, 05/15/2027		155,000		146,937
5.250%, 03/30/2028		80,000		81,379
NRG Energy, Inc. 2.450%, 12/02/2027 (C)		190,000		162,555
Oglethorpe Power Corp. 4.500%, 04/01/2047 (C)		80,000		68,011
Pacific Gas & Electric Company
2.500%, 02/01/2031		430,000		348,356
4.400%, 03/01/2032		40,000		35,990
4.550%, 07/01/2030		40,000		37,484
4.950%, 07/01/2050		363,000		299,062
5.250%, 03/01/2052		62,000		52,757
5.900%, 06/15/2032		195,000		194,818
6.150%, 01/15/2033		40,000		41,055
Puget Energy, Inc.
3.650%, 05/15/2025		180,000		173,819
4.100%, 06/15/2030		60,000		55,401
Sempra Energy
3.400%, 02/01/2028		200,000		187,861
3.800%, 02/01/2038		40,000		34,450
4.000%, 02/01/2048		25,000		20,331
Southern California Edison Company
2.850%, 08/01/2029		135,000		120,735
4.700%, 06/01/2027		35,000		35,064
5.300%, 03/01/2028		65,000		66,631
5.850%, 11/01/2027		20,000		21,073
Southwestern Electric Power Company 5.300%, 04/01/2033		150,000		151,126
The AES Corp. 3.300%, 07/15/2025 (C)		175,000		165,867
Virginia Electric and Power Company 5.000%, 04/01/2033		130,000		130,991
Xcel Energy, Inc. 4.600%, 06/01/2032		85,000		82,520
				6,733,184
TOTAL CORPORATE BONDS (Cost $56,579,763)			$	52,903,538

 

140

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS – 1.9%
Chicago Board of Education (Illinois), GO
6.038%, 12/01/2029	$	30,000	$	29,436
6.138%, 12/01/2039		155,000		141,963
6.319%, 11/01/2029		185,000		185,227
Chicago Transit Authority (Illinois) 3.912%, 12/01/2040		90,000		78,731
County of Riverside (California) 3.070%, 02/15/2028		600,000		557,126
Metropolitan Transportation Authority (New York)
4.750%, 11/15/2045		255,000		258,615
5.175%, 11/15/2049		705,000		640,532
Municipal Electric Authority of Georgia 6.637%, 04/01/2057		90,000		98,640
New York Transportation Development Corp. 4.248%, 09/01/2035		640,000		627,078
Philadelphia Authority for Industrial Development (Pennsylvania) 6.550%, 10/15/2028		675,000		721,813
State Board of Administration Finance Corp. (Florida) 1.258%, 07/01/2025		510,000		474,205
State of Illinois, GO 4.950%, 06/01/2023		129,545		129,357
TOTAL MUNICIPAL BONDS (Cost $4,279,142)			$	3,942,723
COLLATERALIZED MORTGAGE OBLIGATIONS – 13.7%
Commercial and residential – 11.5%
Alternative Loan Trust
Series 2005-27, Class 2A1 (12 month Treasury Average Index + 1.350%), 4.488%, 08/25/2035 (E)		109,473		90,376
Series 2005-56, Class 5A1 (1 month LIBOR + 0.640%), 5.485%, 11/25/2035 (E)		54,372		42,507
Series 2005-72, Class A1 (1 month LIBOR + 0.540%), 5.385%, 01/25/2036 (E)		14,397		12,413
Series 2005-7CB, Class 2A8 (1 month LIBOR + 0.450%), 5.295%, 03/01/2038 (E)		92,735		69,605
Series 2006-9T1, Class A1, 5.750%, 05/25/2036		63,795		25,066
American Home Mortgage Assets Trust
Series 2006-3, Class 2A11 (12 month Treasury Average Index + 0.940%), 4.078%, 10/25/2046 (E)		32,285		22,024
Series 2007-2, Class A1 (1 month LIBOR + 0.125%), 4.970%, 03/25/2047 (E)		12,269		10,482
Angel Oak Mortgage Trust LLC
Series 2020-R1, Class A1, 0.990%, 04/25/2053 (C)(F)		130,235		117,734
Series 2021-2, Class A1, 0.985%, 04/25/2066 (C)(F)		141,124		118,030
Series 2021-4, Class A2, 1.241%, 01/20/2065 (C)(F)		136,758		107,683
Series 2021-5, Class A1, 0.951%, 07/25/2066 (C)(F)		346,354		284,834
Series 2021-6, Class A1, 1.458%, 09/25/2066 (C)(F)		493,794		391,225
Series 2021-8, Class A1, 1.820%, 11/25/2066 (C)(F)		245,945		204,640

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Arroyo Mortgage Trust Series 2019-2, Class A1 3.347%, 04/25/2049 (C)(F)	$	180,684	$	169,076
BANK
Series 2017-BNK8, Class XA IO, 0.713%, 11/15/2050		3,701,174		98,184
Series 2019-BN18, Class XA IO, 0.891%, 05/15/2062		1,404,833		59,660
Series 2019-BN20, Class XA IO, 0.813%, 09/15/2062		2,219,226		90,764
Series 2019-BN22, Class XA IO, 0.594%, 11/15/2062		2,426,826		76,635
Series 2019-BN23, Class XA IO, 0.692%, 12/15/2052		1,916,338		69,888
Series 2019-BN24, Class XA IO, 0.639%, 11/15/2062		1,176,781		40,743
Series 2020-BN28, Class XA IO, 1.763%, 03/15/2063		2,543,976		249,755
Series 2021-BN31, Class A4, 2.036%, 02/15/2054		285,000		228,041
Series 2023-BNK45, Class XA, 0.994%, 02/15/2056		999,507		69,434
BBCMS Mortgage Trust
Series 2017-C1, Class XA IO, 1.459%, 02/15/2050		2,878,513		129,491
Series 2017-DELC, Class A (1 month LIBOR + 0.975%), 5.659%, 08/15/2036 (C)(E)		949,000		939,408
Series 2022-C16, Class A5, 4.600%, 06/15/2055 (F)		120,000		115,441
Series 2022-C18, Class A4, 5.439%, 12/15/2055 (F)		150,000		153,693
Series 2022-C18, Class A5, 5.710%, 12/15/2055 (F)		50,000		52,249
BCAP LLC Trust Series 2006-AA2, Class A1 (1 month LIBOR + 0.340%) 5.185%, 01/25/2037 (E)		79,810		70,892
Bear Stearns ALT-A Trust Series 2005-10, Class 11A1 (1 month LIBOR + 0.500%) 5.345%, 01/25/2036 (E)		78,852		98,965
Bear Stearns Mortgage Funding Trust Series 2006-AR3, Class 1A1 (1 month LIBOR + 0.180%) 5.025%, 10/25/2036 (E)		6,947		5,620
Benchmark Mortgage Trust
Series 2018-B1, Class XA IO, 0.546%, 01/15/2051		965,704		18,843
Series 2018-B4, Class XA IO, 0.505%, 07/15/2051		2,270,215		37,332
Series 2018-B8, Class XA IO, 0.626%, 01/15/2052		4,544,309		120,616
Series 2019-B10, Class XA IO, 1.220%, 03/15/2062		3,164,493		159,309
Series 2019-B12, Class XA IO, 1.032%, 08/15/2052		1,052,851		42,559
Series 2020-B18, Class XA IO, 1.788%, 07/15/2053		696,657		53,323
Series 2020-B22, Class XA IO, 1.515%, 01/15/2054		1,160,503		102,555

 

141

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
BINOM Securitization Trust Series 2021-INV1, Class A1 2.034%, 06/25/2056 (C)(F)	$	165,292	$	145,232
BPR Trust Series 2022-STAR, Class A (1 month CME Term SOFR + 3.232%) 8.059%, 08/15/2024 (C)(E)		275,000		274,278
BRAVO Residential Funding Trust
Series 2021-NQM1, Class A1, 0.941%, 02/25/2049 (C)(F)		97,434		85,432
Series 2021-NQM2, Class A1, 0.970%, 03/25/2060 (C)(F)		82,990		77,371
BX Commercial Mortgage Trust Series 2019-XL, Class A (1 month CME Term SOFR + 1.034%) 5.862%, 10/15/2036 (C)(E)		496,755		491,119
BX Trust Series 2022-PSB, Class A (1 month CME Term SOFR + 2.451%) 7.278%, 08/15/2039 (C)(E)		276,798		275,416
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) 7.234%, 12/15/2037 (C)(E)		355,000		339,841
Century Plaza Towers Series 2019-CPT, Class A 2.865%, 11/13/2039 (C)		345,000		279,776
Chase Mortgage Finance Trust Series 2005-S3, Class A10 5.500%, 11/25/2035		94,007		70,742
CHL Mortgage Pass-Through Trust
Series 2005-2, Class 2A3 (1 month LIBOR + 0.680%), 5.525%, 03/25/2035 (E)		23,885		20,626
Series 2007-HY4, Class 1A1, 3.631%, 09/25/2047 (F)		56,879		48,187
Citigroup Commercial Mortgage Trust
Series 2014-GC23, Class XA IO, 0.903%, 07/10/2047		1,656,177		14,438
Series 2015-GC29, Class XA IO, 1.017%, 04/10/2048		1,564,284		25,299
Series 2016-C3, Class C, 4.077%, 11/15/2049 (F)		288,000		231,560
Citigroup Mortgage Loan Trust Series 2019-E, Class A1 (6.228% to 10-25-23, then 7.228% thereafter) 6.228%, 11/25/2070 (C)		184,283		183,912
COLT Mortgage Loan Trust Series 2021-3, Class A1 0.956%, 09/27/2066 (C)(F)		410,581		325,085
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR16, Class A4, 4.051%, 04/10/2047		480,000		470,134
Series 2014-CR17, Class A5, 3.977%, 05/10/2047		390,000		380,412
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2013-300P, Class A1, 4.353%, 08/10/2030 (C)		260,000		249,600
Series 2015-3BP, Class A, 3.178%, 02/10/2035 (C)		580,000		541,275

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Commercial Mortgage Trust (Deutsche Bank AG) (continued)
Series 2022-HC, Class A, 2.819%, 01/10/2039 (C)	$	100,000	$	87,534
Series 2022-HC, Class D, 3.896%, 01/10/2039 (C)(F)		100,000		83,104
Credit Suisse Mortgage Capital Certificates
Series 2017-FHA1, Class A1, 3.250%, 04/25/2047 (C)(F)		159,479		143,020
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (C)(F)		292,417		246,456
Series 2021-NQM8, Class A1, 1.841%, 10/25/2066 (C)(F)		251,247		216,607
Series 2021-RPL4, Class A1, 1.796%, 12/27/2060 (C)(F)		146,631		135,639
Series 2022-NQM1, Class A1, 2.265%, 11/25/2066 (C)(F)		606,063		521,270
CSAIL Commercial Mortgage Trust
Series 2015-C1, Class A4, 3.505%, 04/15/2050		15,000		14,355
Series 2015-C2, Class XA IO, 0.716%, 06/15/2057		4,587,278		50,368
Series 2016-C6, Class XA IO, 1.860%, 01/15/2049		1,037,105		44,936
DBJPM Mortgage Trust Series 2020-C9, Class XA IO 1.708%, 09/15/2053		527,382		35,546
Deephaven Residential Mortgage Trust Series 2021-2, Class A1 0.899%, 04/25/2066 (C)(F)		94,940		81,188
Deutsche Alt-A Securities Mortgage Loan Trust Series 2007-AR2, Class A1 (1 month LIBOR + 0.300%) 5.145%, 03/25/2037 (E)		37,615		34,450
Ellington Financial Mortgage Trust
Series 2021-2, Class A1, 0.931%, 06/25/2066 (C)(F)		94,138		75,661
Series 2022-1, Class A1, 2.206%, 01/25/2067 (C)(F)		280,204		235,063
GCAT Trust
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (C)(F)		200,280		163,930
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (C)(F)		264,769		216,124
Series 2021-NQM7, Class A1, 1.915%, 08/25/2066 (C)(F)		190,429		167,824
GMACM Mortgage Loan Trust Series 2006-AR1, Class 1A1 3.281%, 04/19/2036 (F)		95,322		71,597
GS Mortgage Securities Trust
Series 2014-GC20, Class A5, 3.998%, 04/10/2047		395,000		386,696
Series 2022-SHIP, Class A (1 month CME Term SOFR + 0.731%), 5.558%, 08/15/2036 (C)(E)		45,000		44,554
GSR Mortgage Loan Trust
Series 2006-AR1, Class 2A1, 3.895%, 01/25/2036 (F)		3,085		2,937
Series 2007-1F, Class 4A1 (1 month LIBOR + 0.300%), 5.145%, 01/25/2037 (E)		76,043		20,546

 

142

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
HarborView Mortgage Loan Trust
Series 2005-8, Class 1A2A (1 month LIBOR + 0.660%), 5.421%, 09/19/2035 (E)	$	20,567	$	14,681
Series 2006-12, Class 2A13 (1 month LIBOR + 0.480%), 5.241%, 12/19/2036 (E)		122,485		109,867
Series 2006-12, Class 2A2A (1 month LIBOR + 0.380%), 5.141%, 01/19/2038 (E)		44,583		38,441
Series 2007-7, Class 2A1B (1 month LIBOR + 2.000%), 5.845%, 10/25/2037 (E)		47,561		39,007
Imperial Fund Mortgage Trust
Series 2021-NQM2, Class A1, 1.073%, 09/25/2056 (C)(F)		198,913		160,369
Series 2022-NQM2, Class A1 (3.638% to 3-25-26, then 4.638% thereafter), 3.638%, 03/25/2067 (C)		592,024		542,998
IndyMac INDA Mortgage Loan Trust Series 2006-AR3, Class 1A1 3.665%, 12/25/2036 (F)		32,344		26,585
JPMBB Commercial Mortgage Securities Trust Series 2014-C19, Class A4 3.997%, 04/15/2047		395,000		386,502
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class AFX 2.812%, 01/16/2037 (C)		160,000		145,385
JPMorgan Mortgage Trust Series 2006-A3, Class 3A2 3.680%, 05/25/2036 (F)		6,761		5,356
Legacy Mortgage Asset Trust
Series 2019-GS7, Class A1 (6.250% to 10-25-23, then 7.250% thereafter), 6.250%, 11/25/2059 (C)		372,237		371,690
Series 2021-GS2, Class A1 (1.750% to 4-25-24, then 4.750% to 4-25-25, then 5.750% thereafter), 1.750%, 04/25/2061 (C)		148,321		138,424
Series 2021-GS3, Class A1 (1.750% to 5-25-24, then 4.750% to 5-25-25, then 5.750% thereafter), 1.750%, 07/25/2061 (C)		193,764		178,338
Series 2021-GS4, Class A1 (1.650% to 8-25-24, then 4.650% to 8-25-25, then 5.650% thereafter), 1.650%, 11/25/2060 (C)		98,692		90,364
Lehman XS Trust Series 2006-16N, Class A4A (1 month LIBOR + 0.380%) 5.225%, 11/25/2046 (E)		104,298		86,286
LSTAR Securities Investment Trust Series 2021-1, Class A (1 month LIBOR + 2.800%) 7.648%, 02/01/2026 (C)(E)		238,990		234,079
Luminent Mortgage Trust Series 2006-4, Class A1A (1 month LIBOR + 0.380%) 5.225%, 05/25/2046 (E)		94,583		75,512

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 3A7 3.866%, 11/21/2034 (F)	$	11,924	$	10,993
MFA Trust
Series 2020-NQM3, Class A1, 1.014%, 01/26/2065 (C)(F)		28,225		25,910
Series 2021-NQM1, Class A1, 1.153%, 04/25/2065 (C)(F)		125,762		110,322
Series 2021-NQM2, Class A1, 1.029%, 11/25/2064 (C)(F)		151,563		123,915
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19, Class XA IO 0.954%, 12/15/2047		933,108		10,225
Morgan Stanley Capital I Trust
Series 2014-150E, Class A, 3.912%, 09/09/2032 (C)		610,000		515,029
Series 2017-H1, Class XA IO, 1.325%, 06/15/2050		675,295		23,850
New Residential Mortgage Loan Trust
Series 2016-2A, Class A1, 3.750%, 11/26/2035 (C)(F)		160,951		151,411
Series 2016-4A, Class A1, 3.750%, 11/25/2056 (C)(F)		183,064		168,515
Series 2017-1A, Class A1, 4.000%, 02/25/2057 (C)(F)		322,899		305,269
Series 2017-2A, Class A3, 4.000%, 03/25/2057 (C)(F)		296,578		279,929
Series 2017-3A, Class A1, 4.000%, 04/25/2057 (C)(F)		233,868		223,367
Series 2017-4A, Class A1, 4.000%, 05/25/2057 (C)(F)		162,649		150,968
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%), 6.345%, 06/25/2057 (C)(E)		153,145		149,246
Series 2017-6A, Class A1, 4.000%, 08/27/2057 (C)(F)		281,965		264,080
Series 2018-1A, Class A1A, 4.000%, 12/25/2057 (C)(F)		120,142		113,731
Series 2018-4A, Class A1S (1 month LIBOR + 0.750%), 5.595%, 01/25/2048 (C)(E)		206,704		199,643
Series 2019-5A, Class A1B, 3.500%, 08/25/2059 (C)(F)		173,211		161,723
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (C)(F)		46,131		42,189
Series 2021-NQ2R, Class A1, 0.941%, 10/25/2058 (C)(F)		97,434		87,377
NMLT Trust Series 2021-INV1, Class A1 1.185%, 05/25/2056 (C)(F)		423,536		351,876
Oaktown Re II, Ltd. Series 2018-1A, Class M1 (1 month LIBOR + 1.550%) 6.395%, 07/25/2028 (C)(E)		80,800		80,761
OBX Trust
Series 2021-NQM1, Class A1, 1.072%, 02/25/2066 (C)(F)		270,928		220,164
Series 2021-NQM3, Class A1, 1.054%, 07/25/2061 (C)(F)		254,821		193,755
Series 2022-NQM1, Class A1, 2.305%, 11/25/2061 (C)(F)		493,878		422,111

 

143

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
PRPM LLC
Series 2020-6, Class A1 (2.363% to 11-25-23, then 5.363% to 11-25-24, then 6.363% thereafter), 2.363%, 11/25/2025 (C)	$	70,597	$	68,674
Series 2021-3, Class A1 (1.867% to 4-25-24, then 4.867% to 4-25-25, then 5.867% thereafter), 1.867%, 04/25/2026 (C)		192,476		183,769
Series 2021-4, Class A1 (1.867% to 4-25-24, then 4.867% to 4-25-25, then 5.867% thereafter), 1.867%, 04/25/2026 (C)		264,724		251,966
Series 2021-9, Class A1 (2.363% to 10-25-24, then 5.363% to 10-25-25, then 6.363% thereafter), 2.363%, 10/25/2026 (C)		475,526		448,978
RALI Series Trust Series 2007-QH7, Class 1A1 (1 month LIBOR + 0.500%) 5.345%, 08/25/2037 (E)		38,638		34,028
Seasoned Credit Risk Transfer Trust Series 2019-3, Class MV 3.500%, 10/25/2058		116,543		108,379
SG Commercial Mortgage Securities Trust Series 2020-COVE, Class A 2.632%, 03/15/2037 (C)		645,000		601,079
SG Residential Mortgage Trust Series 2021-1, Class A1 1.160%, 07/25/2061 (C)(F)		360,364		288,482
Starwood Mortgage Residential Trust
Series 2021-1, Class A1, 1.219%, 05/25/2065 (C)(F)		220,763		189,935
Series 2021-2, Class A1, 0.943%, 05/25/2065 (C)(F)		77,390		69,032
Series 2021-6, Class A1, 1.920%, 11/25/2066 (C)(F)		384,150		316,475
Toorak Mortgage Corp., Ltd. Series 2021-1, Class A1 (2.240% to 1-25-24, then 3.240% thereafter) 2.240%, 06/25/2024 (C)		330,000		310,855
Towd Point Mortgage Trust
Series 2017-1, Class A1, 2.750%, 10/25/2056 (C)(F)		72,401		71,008
Series 2017-2, Class A1, 2.750%, 04/25/2057 (C)(F)		17,752		17,552
Series 2017-3, Class A1, 2.750%, 07/25/2057 (C)(F)		60,791		58,984
Series 2017-4, Class A1, 2.750%, 06/25/2057 (C)(F)		164,399		155,895
Series 2017-5, Class A1 (1 month LIBOR + 0.600%), 4.208%, 02/25/2057 (C)(E)		79,644		79,291
Series 2021-R1, Class A1, 2.918%, 11/30/2060 (C)(F)		605,678		496,522
Verus Securitization Trust
Series 2021-2, Class A1, 1.031%, 02/25/2066 (C)(F)		119,698		101,516
Series 2021-8, Class A1, 1.824%, 11/25/2066 (C)(F)		268,242		228,015
Series 2021-R2, Class A1, 0.918%, 02/25/2064 (C)(F)		130,864		111,874

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Verus Securitization Trust (continued)
Series 2022-1, Class A1 (2.724% to 1-25-26, then 3.724% thereafter), 2.724%, 01/25/2067 (C)	$	374,600	$	333,352
WaMu Mortgage Pass-Through Certificates Series 2007-HY6, Class 1A1 3.236%, 06/25/2037 (F)		11,848		10,062
Washington Mutual Mortgage Pass-Through Certificates Series 2006-5, Class 1A1 (1 month LIBOR + 0.600%) 5.445%, 07/25/2036 (E)		18,183		11,569
Wells Fargo Commercial Mortgage Trust
Series 2014-LC16, Class A5, 3.817%, 08/15/2050		310,000		301,772
Series 2015-NXS1, Class D, 4.149%, 05/15/2048 (F)		40,000		33,095
Series 2015-NXS1, Class XA IO, 1.073%, 05/15/2048		1,436,171		22,007
Series 2015-NXS3, Class XA IO, 0.877%, 09/15/2057		2,528,307		44,630
WF-RBS Commercial Mortgage Trust Series 2014-C19, Class A5 4.101%, 03/15/2047		304,634		298,661
				24,635,935
U.S. Government Agency – 2.2%
Federal Home Loan Mortgage Corp.
Series 2018-HRP1, Class M2 (1 month LIBOR + 1.650%), 6.495%, 04/25/2043 (C)(E)		2,972		2,972
Series 3883, Class PB, 3.000%, 05/15/2041		57,692		54,474
Series 5170, Class DP, 2.000%, 07/25/2050		445,050		388,688
Series K064, Class X1 IO, 0.602%, 03/25/2027		2,137,838		43,060
Series K068, Class A2, 3.244%, 08/25/2027		545,000		523,748
Series K104, Class X1 IO, 1.125%, 01/25/2030		1,303,124		77,857
Series K111, Class X1 IO, 1.571%, 05/25/2030		549,349		48,070
Series K114, Class X1 IO, 1.116%, 06/25/2030		1,597,442		102,473
Series K121, Class X1 IO, 1.024%, 10/25/2030		846,557		49,669
Series K122, Class X1 IO, 0.881%, 11/25/2030		477,842		24,618
Series K124, Class X1 IO, 0.720%, 12/25/2030		1,906,435		83,745
Federal National Mortgage Association
Series 2012-120, Class ZB, 3.500%, 11/25/2042		431,745		406,151
Series 2012-18, Class GA, 2.000%, 12/25/2041		60,215		54,908
Series 2012-21, Class PQ, 2.000%, 09/25/2041		35,879		32,956
Series 2012-52, Class PA, 3.500%, 05/25/2042		54,701		52,504
Series 2014-C04, Class 1M2 (1 month LIBOR + 4.900%), 9.745%, 11/25/2024 (E)		39,351		40,996

 

144

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2015-48, Class QB, 3.000%, 02/25/2043	$	77,577	$	74,094
Series 2016-11, Class GA, 2.500%, 03/25/2046		86,437		79,889
Series 2016-38, Class NA, 3.000%, 01/25/2046		45,530		42,506
Series 2016-C07, Class 2M2 (1 month LIBOR + 4.350%), 9.195%, 05/25/2029 (E)		177,760		184,860
Series 2017-16, Class PB, 3.000%, 03/25/2047		270,000		237,699
Series 2017-26, Class CG, 3.500%, 07/25/2044		57,317		55,909
Series 2017-34, Class JK, 3.000%, 05/25/2047		35,781		34,099
Series 2017-35, Class AH, 3.500%, 04/25/2053		69,458		67,838
Series 2017-49, Class JA, 4.000%, 07/25/2053		64,897		64,069
Series 2017-84, Class KA, 3.500%, 04/25/2053		71,602		69,639
Series 2017-C01, Class 1M2 (1 month LIBOR + 3.550%), 8.395%, 07/25/2029 (E)		102,938		105,507
Series 2018-23, Class LA, 3.500%, 04/25/2048		123,472		117,957
Series 2018-70, Class HA, 3.500%, 10/25/2056		90,118		87,314
Series 2019-12, Class HA, 3.500%, 11/25/2057		143,437		137,334
Series 2019-14, Class CA, 3.500%, 04/25/2049		157,564		151,203
Series 2019-45, Class PT, 3.000%, 08/25/2049		136,460		125,640
Series 2019-7, Class JA, 3.500%, 03/25/2049		124,521		119,228
Series 2019-HRP1, Class M2 (1 month LIBOR + 2.150%), 6.995%, 11/25/2039 (C)(E)		74,460		74,274
Series 2019-R03, Class 1M2 (1 month LIBOR + 2.150%), 6.995%, 09/25/2031 (C)(E)		7,442		7,442
Series 2022-90, Class AY, 4.500%, 12/25/2041		640,000		645,217
Series 2022-R08, Class 1M1 (1 month SOFR + 2.550%), 7.110%, 07/25/2042 (C)(E)		80,945		81,457
Series 415, Class A3, 3.000%, 11/25/2042		108,579		101,762
Government National Mortgage Association
Series 2006-38, Class XS IO, 2.522%, 09/16/2035		17,457		476
Series 2013-37, Class LG, 2.000%, 01/20/2042		64,888		61,338
				4,713,640
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $32,743,620)			$	29,349,575

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES – 11.4%
AASET Trust Series 2020-1A, Class A 3.351%, 01/16/2040 (C)	$	124,414	$	104,540
ABFC Trust Series 2006-HE1, Class A2D (1 month LIBOR + 0.220%) 5.065%, 01/25/2037 (E)		94,477		54,358
Affirm Asset Securitization Trust
Series 2020-Z1, Class A 3.460%, 10/15/2024 (C)		15,686		15,585
Series 2020-Z2, Class A 1.900%, 01/15/2025 (C)		39,850		39,229
American Credit Acceptance Receivables Trust Series 2022-3, Class B 4.550%, 10/13/2026 (C)		25,000		24,695
AmeriCredit Automobile Receivables Trust Series 2019-3, Class D 2.580%, 09/18/2025		295,000		285,541
Amur Equipment Finance Receivables XI LLC Series 2022-2A, Class A2 5.300%, 06/21/2028 (C)		120,000		119,470
ARI Fleet Lease Trust Series 2023-A, Class A2 5.410%, 02/17/2032 (C)		380,000		380,047
Avant Loans Funding Trust Series 2021-REV1, Class A 1.210%, 07/15/2030 (C)		225,000		218,440
Bain Capital Credit CLO, Ltd. Series 2017-2A, Class AR2 (3 month LIBOR + 1.180%) 5.998%, 07/25/2034 (C)(E)		650,000		633,237
Benefit Street Partners CLO XXXI, Ltd. Series 2023-31A, Class B1 (3 month CME Term SOFR + 2.350%) 7.220%, 04/25/2036 (C)(E)		270,000		268,939
BlueMountain CLO XXIV, Ltd. Series 2019-24A, Class AR (3 month LIBOR + 1.100%) 5.908%, 04/20/2034 (C)(E)		415,000		402,158
Buckhorn Park CLO, Ltd. Series 2019-1A, Class AR (3 month LIBOR + 1.120%) 5.915%, 07/18/2034 (C)(E)		550,000		536,688
Carvana Auto Receivables Trust Series 2022-P2, Class A3 4.130%, 04/12/2027		465,000		454,878
CCG Receivables Trust Series 2023-1, Class A2 5.820%, 09/16/2030 (C)		160,000		161,562
CF Hippolyta Issuer LLC Series 2020-1, Class A2 1.990%, 07/15/2060 (C)		127,834		107,999
CIFC Funding, Ltd. Series 2017-2A, Class AR (3 month LIBOR + 0.950%) 5.758%, 04/20/2030 (C)(E)		883,606		872,988
Credit Acceptance Auto Loan Trust Series 2021-3A, Class A 1.000%, 05/15/2030 (C)		250,000		241,648
Dell Equipment Finance Trust Series 2023-1, Class A3 5.650%, 09/22/2028 (C)		267,000		268,017

 

145

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Domino's Pizza Master Issuer LLC
Series 2018-1A, Class A2I 4.116%, 07/25/2048 (C)	$	354,275	$	339,602
Series 2019-1A, Class A2 3.668%, 10/25/2049 (C)		169,750		151,013
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (C)		265,275		227,682
Drive Auto Receivables Trust Series 2019-4, Class D 2.700%, 02/16/2027		180,064		177,710
DT Auto Owner Trust Series 2023-1A, Class B 5.190%, 10/16/2028 (C)		120,000		119,107
Elmwood CLO, Ltd. Series 2023-2A, Class B (3 month CME Term SOFR + 2.250%) 7.179%, 04/16/2036 (C)(E)		250,000		249,037
Enterprise Fleet Financing LLC Series 2023-1, Class A3 5.420%, 10/22/2029 (C)		185,000		185,269
Exeter Automobile Receivables Trust
Series 2019-4A, Class D 2.580%, 09/15/2025 (C)		370,315		363,342
Series 2020-1A, Class D 2.730%, 12/15/2025 (C)		138,872		136,093
Series 2022-1A, Class B 2.180%, 06/15/2026		190,000		186,280
Series 2022-4A, Class B 4.570%, 01/15/2027		175,000		172,519
Series 2022-6A, Class B 6.030%, 08/16/2027		75,000		75,427
First Franklin Mortgage Loan Trust Series 2006-FF12, Class A5 (1 month LIBOR + 0.310%) 5.155%, 09/25/2036 (E)		187,166		169,575
FirstKey Homes Trust
Series 2022-SFR1, Class A 4.145%, 05/17/2039 (C)		139,213		132,882
Series 2022-SFR2, Class A 4.250%, 07/17/2039 (C)		571,766		547,512
Flagship Credit Auto Trust
Series 2022-3, Class B 4.690%, 07/17/2028 (C)		239,000		235,306
Series 2023-1, Class B 5.050%, 01/18/2028 (C)		66,000		65,325
Galaxy XXIII CLO, Ltd. Series 2017-23A, Class AR (3 month LIBOR + 0.870%) 5.686%, 04/24/2029 (C)(E)		714,823		707,047
GLS Auto Receivables Issuer Trust Series 2022-3A, Class B 4.920%, 01/15/2027 (C)		45,000		44,468
GSAA Home Equity Trust
Series 2006-10, Class AF3 5.985%, 06/25/2036 (F)		138,136		36,479
Series 2006-15, Class AF6 6.376%, 09/25/2036		352,876		100,223
Series 2006-20, Class 2A1A (1 month LIBOR + 0.100%) 4.945%, 12/25/2046 (E)		189,091		92,490
GSAA Trust Series 2005-7, Class AF4 5.558%, 05/25/2035		161,311		153,037
GSAMP Trust Series 2007-FM2, Class A2B (1 month LIBOR + 0.090%) 4.935%, 01/25/2037 (E)		184,414		108,737

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Invesco US CLO, Ltd. Series 2023-2A, Class B (3 month CME Term SOFR + 2.300%) 7.156%, 04/21/2036 (C)(E)	$	250,000	$	248,992
Kubota Credit Owner Trust Series 2023-1A, Class A3 5.400%, 06/15/2027 (C)		185,000		185,173
LCM XX LP Series 2020-A, Class AR (3 month LIBOR + 1.040%) 5.848%, 10/20/2027 (C)(E)		113,281		112,934
Madison Park Funding XLI, Ltd. Series 12A, Class AR (3 month LIBOR + 0.830%) 5.645%, 04/22/2027 (C)(E)		450,834		447,815
Marlette Funding Trust Series 2021-2A, Class B 1.060%, 09/15/2031 (C)		88,228		86,409
MF1, Ltd. Series 2022-FL8, Class AS (1 month SOFR + 1.750%) 6.310%, 02/19/2037 (C)(E)		335,000		322,701
MFA LLC Series 2021-NPL1, Class A1 (2.363% to 3-25-24, then 5.363% to 3-25-25, then 6.363% thereafter) 2.363%, 03/25/2060 (C)		299,586		283,032
Navient Private Education Refi Loan Trust Series 2021-EA, Class A 0.970%, 12/16/2069 (C)		171,753		145,807
NRZ Excess Spread-Collateralized Notes Series 2020-PLS1, Class A 3.844%, 12/25/2025 (C)		46,697		43,587
Octagon, Ltd. Series 2023-2A, Class B (3 month CME Term SOFR + 2.350%) 7.230%, 04/20/2036 (C)(E)		270,000		270,000
PRET LLC
Series 2021-NPL3, Class A1 (1.868% to 7-25-24, then 4.868% to 7-25-25, then 5.868% thereafter) 1.868%, 07/25/2051 (C)		212,457		196,530
Series 2021-NPL6, Class A1 (2.487% to 11-25-24, then 5.487% to 11-25-25, then 6.487% thereafter) 2.487%, 07/25/2051 (C)		193,943		182,564
Pretium Mortgage Credit Partners LLC Series 2022-NPL1, Class A1 (2.981% to 12-25-24, then 5.981% to 12-25-25, then 6.981% thereafter) 2.981%, 01/25/2052 (C)		514,068		477,813
Progress Residential Trust
Series 2021-SFR8, Class A 1.510%, 10/17/2038 (C)		393,513		344,490
Series 2022-SFR3, Class A 3.200%, 04/17/2039 (C)		134,655		124,217
Series 2022-SFR5, Class A 4.451%, 06/17/2039 (C)		104,105		100,176
Series 2022-SFR6, Class A 4.451%, 07/20/2039 (C)		625,000		603,707
Series 2022-SFR7, Class A 4.750%, 10/27/2039 (C)		164,740		161,634
Regatta VI Funding, Ltd. Series 2016-1A, Class AR2 (3 month LIBOR + 1.160%) 5.968%, 04/20/2034 (C)(E)		595,000		578,610

 

146

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
RR 1 LLC Series 2017-1A, Class A1AB (3 month LIBOR + 1.150%) 5.942%, 07/15/2035 (C)(E)	$	675,000	$	660,363
RR 26, Ltd. Series 2023-26A, Class A2 (3 month CME Term SOFR + 2.250%) 6.982%, 04/15/2038 (C)(E)		250,000		249,202
Santander Drive Auto Receivables Trust
Series 2020-4, Class D 1.480%, 01/15/2027		75,000		72,200
Series 2022-4, Class B 4.420%, 11/15/2027		350,000		344,595
Series 2022-5, Class B 4.430%, 03/15/2027		110,000		108,312
Series 2022-6, Class B 4.720%, 06/15/2027		80,000		78,691
Series 2022-7, Class B 5.950%, 01/17/2028		305,000		309,942
Series 2023-1, Class B 4.980%, 02/15/2028		140,000		139,050
Securitized Asset Backed Receivables LLC Trust Series 2006-HE1, Class A2B (1 month LIBOR + 0.180%) 5.025%, 07/25/2036 (E)		121,348		41,514
Sound Point CLO XXIX, Ltd. Series 2021-1A, Class A (3 month LIBOR + 1.070%) 5.888%, 04/25/2034 (C)(E)		655,000		632,074
Soundview Home Loan Trust Series 2007-OPT2, Class 2A3 (1 month LIBOR + 0.180%) 5.025%, 07/25/2037 (E)		23,917		20,049
Summit Issuer LLC Series 2020-1A, Class A2 2.290%, 12/20/2050 (C)		155,000		138,191
Taco Bell Funding LLC Series 2021-1A, Class A2II 2.294%, 08/25/2051 (C)		882,825		737,186
Texas Debt Capital CLO, Ltd. Series 2023-1A, Class B (3 month CME Term SOFR + 2.300%) 7.104%, 04/20/2036 (C)(E)		300,000		298,815
Texas Natural Gas Securitization Finance Corp. Series 2023-1, Class A1 5.102%, 04/01/2035		280,000		287,631
THL Credit Wind River CLO, Ltd. Series 2020-1A, Class A (3 month LIBOR + 1.430%) 6.238%, 10/20/2033 (C)(E)		520,000		511,501
Tricolor Auto Securitization Trust Series 2023-1A, Class A 6.480%, 08/17/2026 (C)		140,668		140,608
Tricon Residential Trust Series 2022-SFR2, Class A 4.849%, 07/17/2040 (C)		374,496		366,622
VCAT LLC
Series 2021-NPL2, Class A1 (2.115% to 3-25-24, then 5.115% to 3-25-25, then 6.115% thereafter) 2.115%, 03/27/2051 (C)		70,928		66,987
Series 2021-NPL3, Class A1 (1.743% to 5-25-24, then 4.473% to 5-25-25, then 5.743% thereafter) 1.743%, 05/25/2051 (C)		225,597		209,002

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Venture 42 CLO, Ltd. Series 2021-42A, Class A1A (3 month LIBOR + 1.130%) 5.922%, 04/15/2034 (C)(E)	$	655,000	$	635,964
Venture 43 CLO, Ltd. Series 2021-43A, Class A1 (3 month LIBOR + 1.240%) 6.032%, 04/15/2034 (C)(E)		260,000		253,374
Vericrest Opportunity Loan Transferee Series 2021-NP11, Class A1 (1.868% to 7-25-24, then 4.868% to 7-25-25, then 5.868% thereafter) 1.868%, 08/25/2051 (C)		444,966		406,045
VOLT CIII LLC Series 2021-CF1, Class A1 (1.992% to 8-25-24, then 4.992% to 8-25-25, then 5.992% thereafter) 1.992%, 08/25/2051 (C)		271,068		246,154
VOLT XCIV LLC Series 2021-NPL3, Class A1 (2.240% to 1-25-24, then 5.239% to 1-25-25, then 6.239% thereafter) 2.240%, 02/27/2051 (C)		266,276		249,180
Voya CLO, Ltd. Series 2015-1A, Class A1R (3 month LIBOR + 0.900%) 5.695%, 01/18/2029 (C)(E)		425,936		422,710
Wellfleet CLO X, Ltd. Series 2019-XA, Class A1R (3 month LIBOR + 1.170%) 5.978%, 07/20/2032 (C)(E)		520,000		505,872
Wendy's Funding LLC
Series 2018-1A, Class A2II 3.884%, 03/15/2048 (C)		222,663		205,554
Series 2021-1A, Class A2I 2.370%, 06/15/2051 (C)		574,763		482,122
Westlake Automobile Receivables Trust
Series 2019-3A, Class D 2.720%, 11/15/2024 (C)		148,706		148,057
Series 2020-3A, Class D 1.650%, 02/17/2026 (C)		215,000		204,575
Series 2022-2A, Class B 4.310%, 09/15/2027 (C)		270,000		264,388
Series 2023-1A, Class B 5.410%, 01/18/2028 (C)		75,000		74,843
Wingstop Funding LLC Series 2020-1A, Class A2 2.841%, 12/05/2050 (C)		98,750		86,559
World Omni Auto Receivables Trust Series 2023-A, Class B 5.030%, 05/15/2029		125,000		125,559
TOTAL ASSET BACKED SECURITIES (Cost $25,674,834)			$	24,605,863
COMMON STOCKS – 0.0%
Energy – 0.0%
Foresight Energy LLC (G)		895		9,844
TOTAL COMMON STOCKS (Cost $119,522)			$	9,844
SHORT-TERM INVESTMENTS – 3.2%
Short-term funds – 0.0%
John Hancock Collateral Trust, 4.9438% (H)(I)		2,494		24,931

 

147

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 3.2%
Deutsche Bank Tri-Party Repurchase Agreement dated 3-31-23 at 4.790% to be repurchased at $6,902,754 on 4-3-23, collateralized by $7,572,804 Federal National Mortgage Association, 2.500% due 12-1-34 (valued at $7,038,000)	$	6,900,000	$	6,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $6,924,937)			$	6,924,931
Total Investments (Investment Quality Bond Trust) (Cost $294,500,471) – 126.6%			$	271,842,193
Other assets and liabilities, net – (26.6%)				(57,074,884)
TOTAL NET ASSETS – 100.0%			$	214,767,309

Currency Abbreviations
BRL	Brazilian Real
EUR	Euro

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
GO	General Obligation
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.

Investment Quality Bond Trust (continued)

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 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 $61,258,056 or 28.5% of the fund's net assets as of 3-31-23.
(D)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $24,303.
(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.
(G)	Non-income producing security.
(H)	The rate shown is the annualized seven-day yield as of 3-31-23.
(I)	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)
2-Year U.S. Treasury Note Futures	129	Long	Jun 2023	$26,460,463	$26,632,453	$171,990
5-Year U.S. Treasury Note Futures	186	Long	Jun 2023	20,225,046	20,368,453	143,407
Ultra U.S. Treasury Bond Futures	3	Long	Jun 2023	351,887	363,422	11,535
10-Year Canada Government Bond Futures	52	Short	Jun 2023	(4,671,450)	(4,854,103)	(182,653)
10-Year U.S. Treasury Note Futures	120	Short	Jun 2023	(13,473,641)	(13,790,625)	(316,984)
Euro-Buxl Futures	10	Short	Jun 2023	(1,424,047)	(1,527,627)	(103,580)
German Euro BUND Futures	25	Short	Jun 2023	(3,542,105)	(3,682,962)	(140,857)
U.S. Treasury Long Bond Futures	55	Short	Jun 2023	(6,911,595)	(7,213,594)	(301,999)
Ultra U.S. Treasury Bond Futures	54	Short	Jun 2023	(7,348,013)	(7,620,750)	(272,737)
						$(991,878)

^ 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	120,000	USD	129,931	BNP	6/21/2023	$781	—
EUR	351,000	USD	375,661	SSB	6/21/2023	6,671	—
USD	894,185	BRL	4,690,000	CITI	6/21/2023	—	$(18,043)
USD	4,633,589	EUR	4,314,000	DB	6/21/2023	—	(65,491)
						$7,452	$(83,534)

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
Centrally cleared	2,185,000	USD	Fixed 1.560%	USD Compounded SOFR	Annual	Annual	Dec 2041	$(11,444)	$521,705	$510,261
Centrally cleared	1,320,000	USD	Fixed 1.560%	USD Compounded SOFR	Annual	Annual	Dec 2051	(7,907)	371,002	363,095

148

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

Interest rate swaps (continued)
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	380,000	USD	Fixed 2.880%	USD Compounded SOFR	Annual	Annual	Mar 2053	$4,473	$259	$4,732
Centrally cleared	1,625,000	USD	Fixed 2.970%	USD Compounded SOFR	Annual	Annual	Mar 2053	3,071	(11,429)	(8,358)
Centrally cleared	370,000	USD	Fixed 3.250%	USD Compounded SOFR	Annual	Annual	Jun 2053	(4,058)	(20,334)	(24,392)
								$(15,865)	$861,203	$845,338

Credit default swaps - Buyer
Counterparty (OTC)/ Centrally cleared	Reference obligation	Notional amount	Currency	USD notional amount	Pay fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Centrally cleared	Federative Republic of Brazil	937,000	USD	$937,000	1.000%	Quarterly	Jun 2027	$43,673	$(16,710)	$26,963
Centrally cleared	CDX.EM.38	3,340,000	USD	3,340,000	1.000%	Quarterly	Dec 2027	211,785	(49,110)	162,675
				$4,277,000				$255,458	$(65,820)	$189,638

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.40	4.638%	1,445,000	USD	$1,445,000	5.000%	Quarterly	Jun 2028	—	$23,743	$23,743
					$1,445,000				$0	$23,743	$23,743

Derivatives Currency Abbreviations
BRL	Brazilian Real
EUR	Euro
USD	U.S. Dollar

Derivatives Abbreviations
BNP	BNP Paribas
CITI	Citibank, N.A.
DB	Deutsche Bank AG
OTC	Over-the-counter
SOFR	Secured Overnight Financing Rate
SSB	State Street Bank and Trust Company

Lifestyle Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 50.2%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	28,840,819	$	470,105,346
Fixed income - 49.8%
Select Bond, Series NAV, JHVIT (MIM US) (B)	39,310,177		465,432,498
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,041,022,193)		$	935,537,844
Total Investments (Lifestyle Balanced Portfolio) (Cost $1,041,022,193) - 100.0%		$	935,537,844
Other assets and liabilities, net - (0.0%)			(12,648)
TOTAL NET ASSETS - 100.0%		$	935,525,196

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC

Lifestyle Balanced Portfolio (continued)

(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 - 20.4%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	2,110,890	$	34,407,501
Fixed income - 79.6%
Select Bond, Series NAV, JHVIT (MIM US) (B)	11,377,200		134,706,050
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $196,495,297)		$	169,113,551

 

149

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Lifestyle Conservative Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.9438% (C)(D)	3,539	$	35,384
TOTAL SHORT-TERM INVESTMENTS (Cost $35,381)		$	35,384
Total Investments (Lifestyle Conservative Portfolio) (Cost $196,530,678) - 100.0%		$	169,148,935
Other assets and liabilities, net - (0.0%)			(7,487)
TOTAL NET ASSETS - 100.0%		$	169,141,448

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 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Lifestyle Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 70.8%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	218,995,600	$	3,569,628,284
Fixed income - 29.2%
Select Bond, Series NAV, JHVIT (MIM US) (B)	124,499,611		1,474,075,392
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,499,792,432)		$	5,043,703,676
Total Investments (Lifestyle Growth Portfolio) (Cost $5,499,792,432) - 100.0%		$	5,043,703,676
Other assets and liabilities, net - 0.0%			62,802
TOTAL NET ASSETS - 100.0%		$	5,043,766,478

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

Lifestyle Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 40.2%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	7,000,409	$	114,106,663
Fixed income - 59.8%
Select Bond, Series NAV, JHVIT (MIM US) (B)	14,362,089		170,047,135
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $323,102,095)		$	284,153,798

Lifestyle Moderate Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.9438% (C)(D)	2,618	$	26,171
TOTAL SHORT-TERM INVESTMENTS (Cost $26,169)		$	26,171
Total Investments (Lifestyle Moderate Portfolio) (Cost $323,128,264) - 100.0%		$	284,179,969
Other assets and liabilities, net - (0.0%)			(6,192)
TOTAL NET ASSETS - 100.0%		$	284,173,777

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 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Managed Volatility Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 95.7%
Equity - 47.3%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	6,911,785	$	145,976,902
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	12,870,808		118,411,437
Equity Income, Series NAV, JHVIT (T. Rowe Price)	14,354,923		197,093,097
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	3,636,090		219,365,296
Mid Cap Growth, Series NAV, JHVIT (Wellington)	4,805,259		39,451,179
Mid Value, Series NAV, JHVIT (T. Rowe Price)	5,397,800		54,841,648
Multifactor Developed International ETF, JHETF (DFA)	2,726,250		83,695,875
Multifactor Emerging Markets ETF, JHETF (DFA)	2,632,287		63,780,314
Multifactor Mid Cap ETF, JHETF (DFA)	1,445,555		69,213,173
Multifactor Small Cap ETF, JHETF (DFA)	1,689,344		53,873,180
Small Cap Growth, Class NAV, JHF II (Redwood) (C)	1,488,944		20,309,193
Small Cap Value, Series NAV, JHVIT (Wellington)	3,481,301		47,728,633
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	58,469,457		953,052,154
			2,066,792,081
Fixed income - 48.4%
Bond, Class NAV, JHSB (MIM US) (B)	39,807,221		542,572,428
Core Bond, Series NAV, JHVIT (Allspring Investments)	16,603,154		188,279,771
Select Bond, Series NAV, JHVIT (MIM US) (B)	116,674,833		1,381,430,024
			2,112,282,223
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $4,564,680,423)		$	4,179,074,304
UNAFFILIATED INVESTMENT COMPANIES - 2.0%
Equity - 2.0%
Fidelity 500 Index Fund	597,089		85,437,528
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $80,008,442)		$	85,437,528

 

150

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 1.4%
Short-term funds - 1.4%
John Hancock Collateral Trust, 4.9438% (D)(E)	6,248,977	$	62,470,403
TOTAL SHORT-TERM INVESTMENTS (Cost $62,470,645)		$	62,470,403
Total Investments (Managed Volatility Balanced Portfolio) (Cost $4,707,159,510) - 99.1%		$	4,326,982,235
Other assets and liabilities, net - 0.9%			38,087,582
TOTAL NET ASSETS - 100.0%		$	4,365,069,817

Managed Volatility Balanced Portfolio (continued)

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro Currency Futures	333	Short	Jun 2023	$(44,642,684)	$(45,385,819)	$(743,135)
Euro STOXX 50 Index Futures	1,002	Short	Jun 2023	(43,858,982)	(46,302,962)	(2,443,980)
FTSE 100 Index Futures	171	Short	Jun 2023	(15,934,764)	(16,114,125)	(179,361)
Japanese Yen Currency Futures	209	Short	Jun 2023	(19,551,264)	(19,913,781)	(362,517)
MSCI Emerging Markets Index Futures	1,143	Short	Jun 2023	(54,681,731)	(56,892,825)	(2,211,094)
Nikkei 225 Index Futures	97	Short	Jun 2023	(20,414,540)	(20,411,825)	2,715
Pound Sterling Currency Futures	205	Short	Jun 2023	(15,402,939)	(15,829,844)	(426,905)
Russell 2000 E-Mini Index Futures	291	Short	Jun 2023	(25,944,638)	(26,386,425)	(441,787)
S&P 500 E-Mini Index Futures	1,489	Short	Jun 2023	(289,941,126)	(308,055,488)	(18,114,362)
S&P Mid 400 E-Mini Index Futures	212	Short	Jun 2023	(52,230,162)	(53,629,640)	(1,399,478)
						$(26,319,904)

^ 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) - 97.5%
Equity - 19.1%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	489,189	$	10,331,677
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	682,687		6,280,720
Equity Income, Series NAV, JHVIT (T. Rowe Price)	1,216,568		16,703,478
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	233,671		14,097,360
Multifactor Emerging Markets ETF, JHETF (DFA)	108,815		2,636,587
Multifactor Mid Cap ETF, JHETF (DFA)	192,030		9,194,396
Multifactor Small Cap ETF, JHETF (DFA)	227,577		7,257,431
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	3,629,591		59,162,333
			125,663,982
Fixed income - 78.4%
Bond, Class NAV, JHSB (MIM US) (B)	9,699,384		132,202,608
Core Bond, Series NAV, JHVIT (Allspring Investments)	4,032,432		45,727,774
Select Bond, Series NAV, JHVIT (MIM US) (B)	28,396,686		336,216,757
			514,147,139
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $716,774,336)		$	639,811,121

Managed Volatility Conservative Portfolio (continued)

	Shares or Principal Amount	Value
UNAFFILIATED INVESTMENT COMPANIES - 0.9%
Equity - 0.9%
Fidelity 500 Index Fund	38,120	$	5,454,545
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $5,200,720)		$	5,454,545
SHORT-TERM INVESTMENTS - 0.6%
Short-term funds - 0.6%
John Hancock Collateral Trust, 4.9438% (C)(D)	408,173		4,080,466
TOTAL SHORT-TERM INVESTMENTS (Cost $4,080,723)		$	4,080,466
Total Investments (Managed Volatility Conservative Portfolio) (Cost $726,055,779) - 99.0%		$	649,346,132
Other assets and liabilities, net - 1.0%			6,744,547
TOTAL NET ASSETS - 100.0%		$	656,090,679

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

151

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Managed Volatility Conservative Portfolio (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro Currency Futures	68	Short	Jun 2023	$(9,130,041)	$(9,267,975)	$(137,934)
Euro STOXX 50 Index Futures	207	Short	Jun 2023	(9,078,945)	(9,565,582)	(486,637)
FTSE 100 Index Futures	32	Short	Jun 2023	(2,977,319)	(3,015,509)	(38,190)
Japanese Yen Currency Futures	39	Short	Jun 2023	(3,646,022)	(3,715,969)	(69,947)
MSCI Emerging Markets Index Futures	223	Short	Jun 2023	(10,695,700)	(11,099,825)	(404,125)
Nikkei 225 Index Futures	18	Short	Jun 2023	(3,768,686)	(3,787,761)	(19,075)
Pound Sterling Currency Futures	37	Short	Jun 2023	(2,785,902)	(2,857,094)	(71,192)
Russell 2000 E-Mini Index Futures	66	Short	Jun 2023	(5,875,074)	(5,984,550)	(109,476)
S&P 500 E-Mini Index Futures	395	Short	Jun 2023	(76,999,198)	(81,720,563)	(4,721,365)
S&P Mid 400 E-Mini Index Futures	59	Short	Jun 2023	(14,516,569)	(14,925,230)	(408,661)
						$(6,466,602)

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

Managed Volatility Growth Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 94.2%
Equity - 66.4%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	10,800,279	$	228,101,887
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	27,324,957		251,389,605
Equity Income, Series NAV, JHVIT (T. Rowe Price)	22,226,817		305,174,197
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	6,227,008		375,675,388
Mid Cap Growth, Series NAV, JHVIT (Wellington)	11,039,485		90,634,170
Mid Value, Series NAV, JHVIT (T. Rowe Price)	11,227,140		114,067,746
Multifactor Developed International ETF, JHETF (DFA)	5,944,931		182,509,382
Multifactor Emerging Markets ETF, JHETF (DFA)	5,390,763		130,618,187
Multifactor Mid Cap ETF, JHETF (DFA)	2,552,185		122,198,618
Multifactor Small Cap ETF, JHETF (DFA)	3,577,238		114,078,120
Small Cap Growth, Class NAV, JHF II (Redwood) (C)	2,667,749		36,388,098
Small Cap Value, Series NAV, JHVIT (Wellington)	5,390,720		73,906,774
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	105,280,178		1,716,066,894
			3,740,809,066
Fixed income - 27.8%
Bond, Class NAV, JHSB (MIM US) (B)	29,403,896		400,775,101
Core Bond, Series NAV, JHVIT (Allspring Investments)	12,289,876		139,367,196
Select Bond, Series NAV, JHVIT (MIM US) (B)	86,658,059		1,026,031,421
			1,566,173,718
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,690,377,852)		$	5,306,982,784

Managed Volatility Growth Portfolio (continued)

	Shares or Principal Amount	Value
UNAFFILIATED INVESTMENT COMPANIES - 2.5%
Equity - 2.5%
Fidelity 500 Index Fund	716,478	$	102,520,840
Fidelity International Index Fund	858,640		38,398,359
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $132,490,078)		$	140,919,199
SHORT-TERM INVESTMENTS - 2.0%
Short-term funds - 2.0%
John Hancock Collateral Trust, 4.9438% (D)(E)	11,024,709		110,212,917
TOTAL SHORT-TERM INVESTMENTS (Cost $110,212,469)		$	110,212,917
Total Investments (Managed Volatility Growth Portfolio) (Cost $5,933,080,399) - 98.7%		$	5,558,114,900
Other assets and liabilities, net - 1.3%			72,726,767
TOTAL NET ASSETS - 100.0%		$	5,630,841,667

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

152

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Managed Volatility Growth Portfolio (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro Currency Futures	651	Short	Jun 2023	$(87,292,581)	$(88,727,231)	$(1,434,650)
Euro STOXX 50 Index Futures	1,961	Short	Jun 2023	(85,852,781)	(90,618,870)	(4,766,089)
FTSE 100 Index Futures	342	Short	Jun 2023	(31,885,200)	(32,228,250)	(343,050)
Japanese Yen Currency Futures	418	Short	Jun 2023	(39,085,311)	(39,827,563)	(742,252)
MSCI Emerging Markets Index Futures	2,374	Short	Jun 2023	(113,624,825)	(118,165,850)	(4,541,025)
Nikkei 225 Index Futures	194	Short	Jun 2023	(40,880,539)	(40,823,649)	56,890
Pound Sterling Currency Futures	412	Short	Jun 2023	(30,959,584)	(31,814,125)	(854,541)
Russell 2000 E-Mini Index Futures	530	Short	Jun 2023	(47,267,181)	(48,057,750)	(790,569)
S&P 500 E-Mini Index Futures	2,540	Short	Jun 2023	(494,592,638)	(525,494,250)	(30,901,612)
S&P Mid 400 E-Mini Index Futures	389	Short	Jun 2023	(95,880,524)	(98,405,330)	(2,524,806)
						$(46,841,704)

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

Managed Volatility Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 96.1%
Equity - 37.6%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	1,667,904	$	35,226,126
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	2,477,916		22,796,826
Equity Income, Series NAV, JHVIT (T. Rowe Price)	3,661,644		50,274,366
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	854,323		51,541,333
Mid Cap Growth, Series NAV, JHVIT (Wellington)	1,316,352		10,807,246
Mid Value, Series NAV, JHVIT (T. Rowe Price)	1,365,284		13,871,281
Multifactor Developed International ETF, JHETF (DFA)	423,069		12,988,218
Multifactor Emerging Markets ETF, JHETF (DFA)	409,991		9,934,082
Multifactor Mid Cap ETF, JHETF (DFA)	184,233		8,821,076
Multifactor Small Cap ETF, JHETF (DFA)	227,830		7,265,499
Small Cap Growth, Class NAV, JHF II (Redwood) (C)	352,339		4,805,900
Small Cap Value, Series NAV, JHVIT (Wellington)	752,304		10,314,087
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	13,284,568		216,538,457
			455,184,497
Fixed income - 58.5%
Bond, Class NAV, JHSB (MIM US) (B)	13,315,846		181,494,987
Core Bond, Series NAV, JHVIT (Allspring Investments)	5,557,870		63,026,248
Select Bond, Series NAV, JHVIT (MIM US) (B)	39,067,094		462,554,395
			707,075,630
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,290,278,765)		$	1,162,260,127

Managed Volatility Moderate Portfolio (continued)

	Shares or Principal Amount	Value
UNAFFILIATED INVESTMENT COMPANIES - 1.9%
Equity - 1.9%
Fidelity 500 Index Fund	161,299	$	23,080,311
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost $21,194,449)		$	23,080,311
SHORT-TERM INVESTMENTS - 1.2%
Short-term funds - 1.2%
John Hancock Collateral Trust, 4.9438% (D)(E)	1,411,163		14,107,253
TOTAL SHORT-TERM INVESTMENTS (Cost $14,107,473)		$	14,107,253
Total Investments (Managed Volatility Moderate Portfolio) (Cost $1,325,580,687) - 99.2%		$	1,199,447,691
Other assets and liabilities, net - 0.8%			9,592,243
TOTAL NET ASSETS - 100.0%		$	1,209,039,934

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	Non-income producing.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

153

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro Currency Futures	83	Short	Jun 2023	$(11,127,486)	$(11,312,381)	$(184,895)
Euro STOXX 50 Index Futures	245	Short	Jun 2023	(10,724,307)	(11,321,582)	(597,275)
FTSE 100 Index Futures	41	Short	Jun 2023	(3,819,746)	(3,863,621)	(43,875)
Japanese Yen Currency Futures	52	Short	Jun 2023	(4,863,976)	(4,954,625)	(90,649)
MSCI Emerging Markets Index Futures	246	Short	Jun 2023	(11,770,177)	(12,244,650)	(474,473)
Nikkei 225 Index Futures	25	Short	Jun 2023	(5,262,673)	(5,260,780)	1,893
Pound Sterling Currency Futures	50	Short	Jun 2023	(3,756,847)	(3,860,938)	(104,091)
Russell 2000 E-Mini Index Futures	70	Short	Jun 2023	(6,242,870)	(6,347,250)	(104,380)
S&P 500 E-Mini Index Futures	401	Short	Jun 2023	(78,083,521)	(82,961,888)	(4,878,367)
S&P Mid 400 E-Mini Index Futures	51	Short	Jun 2023	(12,568,388)	(12,901,470)	(333,082)
						$(6,809,194)

^ 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 Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 90.8%
Communication services – 5.1%
Entertainment – 4.0%
Live Nation Entertainment, Inc. (A)	92,344	$	6,464,080
Spotify Technology SA (A)	125,380		16,753,276
			23,217,356
Interactive media and services – 1.1%
ZoomInfo Technologies, Inc. (A)	262,073		6,475,824
			29,693,180
Consumer discretionary – 14.5%
Automobile components – 0.8%
Mobileye Global, Inc., Class A (A)(B)	107,538		4,653,169
Broadline retail – 1.4%
Etsy, Inc. (A)	72,493		8,070,646
Hotels, restaurants and leisure – 5.8%
Aramark	168,020		6,015,116
Chipotle Mexican Grill, Inc. (A)	4,544		7,762,470
DraftKings, Inc., Class A (A)	514,412		9,959,016
Las Vegas Sands Corp. (A)	181,272		10,414,076
			34,150,678
Household durables – 1.0%
Lennar Corp., A Shares	59,376		6,241,011
Specialty retail – 3.3%
Ross Stores, Inc.	85,735		9,099,056
Ulta Beauty, Inc. (A)	19,099		10,421,751
			19,520,807
Textiles, apparel and luxury goods – 2.2%
Deckers Outdoor Corp. (A)	28,432		12,781,606
			85,417,917
Consumer staples – 3.0%
Beverages – 1.5%
Celsius Holdings, Inc. (A)	95,188		8,846,773
Food products – 1.5%
Lamb Weston Holdings, Inc.	85,119		8,896,638
			17,743,411
Energy – 4.2%
Oil, gas and consumable fuels – 4.2%
Cheniere Energy, Inc.	41,697		6,571,447
Diamondback Energy, Inc.	44,374		5,998,034
Pioneer Natural Resources Company	26,298		5,371,104

Mid Cap Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Targa Resources Corp.	90,866	$	6,628,675
			24,569,260
Financials – 5.7%
Capital markets – 3.9%
Ares Management Corp., Class A	109,105		9,103,721
Tradeweb Markets, Inc., Class A	176,757		13,967,338
			23,071,059
Financial services – 1.8%
Block, Inc. (A)	151,791		10,420,452
			33,491,511
Health care – 22.0%
Biotechnology – 3.0%
Exact Sciences Corp. (A)	190,834		12,940,454
United Therapeutics Corp. (A)	21,848		4,893,078
			17,833,532
Health care equipment and supplies – 10.4%
DexCom, Inc. (A)	159,392		18,518,163
Hologic, Inc. (A)	72,068		5,815,888
Inspire Medical Systems, Inc. (A)	41,520		9,718,586
Insulet Corp. (A)	56,257		17,943,733
Shockwave Medical, Inc. (A)	41,302		8,955,513
			60,951,883
Health care technology – 3.4%
Veeva Systems, Inc., Class A (A)	107,324		19,725,078
Life sciences tools and services – 4.3%
Agilent Technologies, Inc.	123,166		17,038,784
Medpace Holdings, Inc. (A)	42,238		7,942,856
			24,981,640
Pharmaceuticals – 0.9%
Jazz Pharmaceuticals PLC (A)	38,041		5,566,540
			129,058,673
Industrials – 10.8%
Aerospace and defense – 0.7%
Curtiss-Wright Corp.	22,069		3,889,882
Building products – 2.9%
Builders FirstSource, Inc. (A)	67,647		6,005,701

 

154

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Johnson Controls International PLC	178,599	$	10,755,232
			16,760,933
Construction and engineering – 2.2%
Fluor Corp. (A)	232,822		7,196,528
MasTec, Inc. (A)	62,958		5,945,754
			13,142,282
Machinery – 0.9%
The Toro Company	49,906		5,547,551
Professional services – 2.7%
CoStar Group, Inc. (A)	122,735		8,450,305
EXL Service Holdings, Inc. (A)	45,189		7,312,936
			15,763,241
Trading companies and distributors – 1.4%
WESCO International, Inc.	53,680		8,295,707
			63,399,596
Information technology – 23.3%
Communications equipment – 4.4%
Arista Networks, Inc. (A)	154,734		25,973,644
Electronic equipment, instruments and components – 2.0%
Flex, Ltd. (A)	497,112		11,438,547
IT services – 3.0%
Gartner, Inc. (A)	16,692		5,437,753
Okta, Inc. (A)	142,420		12,282,301
			17,720,054
Semiconductors and semiconductor equipment – 5.8%
First Solar, Inc. (A)	34,762		7,560,735
MKS Instruments, Inc.	63,906		5,663,350
SolarEdge Technologies, Inc. (A)	39,715		12,071,374
Universal Display Corp.	55,052		8,540,217
			33,835,676
Software – 8.1%
DocuSign, Inc. (A)	224,539		13,090,624
Paycom Software, Inc. (A)	54,474		16,560,641
Workday, Inc., Class A (A)	86,764		17,920,237
			47,571,502
			136,539,423
Materials – 2.2%
Chemicals – 2.2%
Albemarle Corp.	58,451		12,920,009
TOTAL COMMON STOCKS (Cost $536,541,634)		$	532,832,980
PREFERRED SECURITIES – 0.6%
Information technology – 0.6%
Software – 0.6%
Essence Group Holdings Corp. (A)(C)(D)	1,663,188		1,896,034
Lookout, Inc., Series F (A)(C)(D)	211,003		1,666,924
			3,562,958
TOTAL PREFERRED SECURITIES (Cost $5,070,285)		$	3,562,958
EXCHANGE-TRADED FUNDS – 7.2%
iShares Russell Mid-Cap Growth ETF	308,948		28,129,715
Vanguard Mid-Cap Growth ETF (B)	73,049		14,236,520
TOTAL EXCHANGE-TRADED FUNDS (Cost $40,988,547)		$	42,366,235
SHORT-TERM INVESTMENTS – 4.2%
Short-term funds – 1.2%
John Hancock Collateral Trust, 4.9438% (E)(F)	671,671		6,714,632

Mid Cap Growth Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 3.0%
Deutsche Bank Tri-Party Repurchase Agreement dated 3-31-23 at 4.790% to be repurchased at $17,707,065 on 4-3-23, collateralized by $18,928,682 Federal National Mortgage Association, 3.500% due 2-1-48 (valued at $18,054,001)	$	17,700,000	$	17,700,000
TOTAL SHORT-TERM INVESTMENTS (Cost $24,415,230)			$	24,414,632
Total Investments (Mid Cap Growth Trust) (Cost $607,015,696) – 102.8%			$	603,176,805
Other assets and liabilities, net – (2.8%)				(16,301,025)
TOTAL NET ASSETS – 100.0%			$	586,875,780

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $6,574,765.
(C)	Restricted security as to resale. 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 3-31-23.
(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 Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.4%
Communication services – 2.0%
Diversified telecommunication services – 0.6%
Frontier Communications Parent, Inc. (A)	115,860	$	2,638,132
Iridium Communications, Inc.	65,292		4,043,534
			6,681,666
Entertainment – 0.2%
World Wrestling Entertainment, Inc., Class A (B)	22,526		2,055,723
Interactive media and services – 0.2%
TripAdvisor, Inc. (A)	54,452		1,081,417
Ziff Davis, Inc. (A)	24,524		1,914,098
			2,995,515
Media – 1.0%
Cable One, Inc.	2,506		1,759,212
John Wiley & Sons, Inc., Class A	22,245		862,439
Nexstar Media Group, Inc.	19,595		3,383,273
TEGNA, Inc.	115,942		1,960,579
The New York Times Company, Class A	85,555		3,326,378
			11,291,881
			23,024,785
Consumer discretionary – 14.6%
Automobile components – 1.8%
Adient PLC (A)	49,568		2,030,305
Autoliv, Inc.	40,310		3,763,342
Dana, Inc.	66,300		997,815
Fox Factory Holding Corp. (A)	21,964		2,665,771
Gentex Corp.	121,903		3,416,941
Lear Corp.	30,727		4,286,109

 

155

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobile components (continued)
The Goodyear Tire & Rubber Company (A)	146,991	$	1,619,841
Visteon Corp. (A)	14,625		2,293,639
			21,073,763
Automobiles – 0.4%
Harley-Davidson, Inc.	69,129		2,624,828
Thor Industries, Inc.	27,812		2,214,948
			4,839,776
Broadline retail – 0.6%
Kohl's Corp.	57,414		1,351,526
Macy's, Inc.	140,886		2,464,096
Nordstrom, Inc. (B)	58,231		947,418
Ollie's Bargain Outlet Holdings, Inc. (A)	30,079		1,742,777
			6,505,817
Diversified consumer services – 1.0%
Graham Holdings Company, Class B	1,994		1,188,105
Grand Canyon Education, Inc. (A)	15,938		1,815,338
H&R Block, Inc.	79,132		2,789,403
Service Corp. International	79,927		5,497,379
			11,290,225
Hotels, restaurants and leisure – 3.3%
Aramark	135,378		4,846,532
Boyd Gaming Corp.	41,222		2,643,155
Choice Hotels International, Inc.	14,403		1,687,888
Churchill Downs, Inc.	17,104		4,396,583
Hilton Grand Vacations, Inc. (A)	41,256		1,833,004
Light & Wonder, Inc. (A)	48,679		2,923,174
Marriott Vacations Worldwide Corp.	19,913		2,685,467
Papa John's International, Inc.	16,706		1,251,781
Penn Entertainment, Inc. (A)	80,608		2,390,833
Texas Roadhouse, Inc.	34,773		3,757,570
The Wendy's Company	88,562		1,928,880
Travel + Leisure Company	42,239		1,655,769
Wingstop, Inc.	15,546		2,853,935
Wyndham Hotels & Resorts, Inc.	45,898		3,114,179
			37,968,750
Household durables – 1.5%
Helen of Troy, Ltd. (A)	12,468		1,186,580
KB Home	42,418		1,704,355
Leggett & Platt, Inc.	68,907		2,196,755
Taylor Morrison Home Corp. (A)	56,304		2,154,191
Tempur Sealy International, Inc.	88,550		3,496,840
Toll Brothers, Inc.	53,437		3,207,823
TopBuild Corp. (A)	16,615		3,458,246
			17,404,790
Leisure products – 1.1%
Brunswick Corp.	37,679		3,089,678
Mattel, Inc. (A)	184,168		3,390,533
Polaris, Inc.	28,312		3,132,157
Topgolf Callaway Brands Corp. (A)	72,043		1,557,570
YETI Holdings, Inc. (A)	44,820		1,792,800
			12,962,738
Specialty retail – 2.8%
AutoNation, Inc. (A)	17,775		2,388,249
Dick's Sporting Goods, Inc.	31,097		4,412,353
Five Below, Inc. (A)	28,848		5,941,823
Foot Locker, Inc.	41,220		1,636,022
GameStop Corp., Class A (A)(B)	131,370		3,024,137
Lithia Motors, Inc.	14,206		3,252,180
Murphy USA, Inc.	10,398		2,683,204
RH (A)	9,708		2,364,383
The Gap, Inc. (B)	110,026		1,104,661

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Victoria's Secret & Company (A)	42,002	$	1,434,368
Williams-Sonoma, Inc.	34,592		4,208,463
			32,449,843
Textiles, apparel and luxury goods – 2.1%
Capri Holdings, Ltd. (A)	65,326		3,070,322
Carter's, Inc.	19,831		1,426,246
Columbia Sportswear Company	18,399		1,660,326
Crocs, Inc. (A)	32,086		4,056,954
Deckers Outdoor Corp. (A)	13,698		6,157,936
PVH Corp.	32,931		2,936,128
Skechers USA, Inc., Class A (A)	69,744		3,314,235
Under Armour, Inc., Class A (A)	98,061		930,599
Under Armour, Inc., Class C (A)	98,514		840,324
			24,393,070
			168,888,772
Consumer staples – 4.2%
Beverages – 0.4%
Celsius Holdings, Inc. (A)	20,994		1,951,182
Coca-Cola Consolidated, Inc.	2,392		1,279,911
The Boston Beer Company, Inc., Class A (A)	4,899		1,610,301
			4,841,394
Consumer staples distribution and retail – 1.9%
BJ's Wholesale Club Holdings, Inc. (A)	69,860		5,314,250
Casey's General Stores, Inc.	19,362		4,191,099
Grocery Outlet Holding Corp. (A)	46,002		1,300,017
Performance Food Group Company (A)	81,140		4,895,988
Sprouts Farmers Market, Inc. (A)	55,007		1,926,895
U.S. Foods Holding Corp. (A)	106,349		3,928,532
			21,556,781
Food products – 1.4%
Darling Ingredients, Inc. (A)	83,286		4,863,902
Flowers Foods, Inc.	99,842		2,736,669
Ingredion, Inc.	34,138		3,472,859
Lancaster Colony Corp.	10,316		2,092,910
Pilgrim's Pride Corp. (A)	23,348		541,207
Post Holdings, Inc. (A)	27,862		2,503,958
			16,211,505
Household products – 0.1%
Energizer Holdings, Inc.	34,519		1,197,809
Personal care products – 0.4%
BellRing Brands, Inc. (A)	69,413		2,360,042
Coty, Inc., Class A (A)	190,515		2,297,611
			4,657,653
			48,465,142
Energy – 3.7%
Energy equipment and services – 0.7%
ChampionX Corp.	103,224		2,800,467
NOV, Inc.	204,125		3,778,354
Valaris, Ltd. (A)	31,254		2,033,385
			8,612,206
Oil, gas and consumable fuels – 3.0%
Antero Midstream Corp.	174,055		1,825,837
Antero Resources Corp. (A)	143,491		3,313,207
Chord Energy Corp.	21,621		2,910,187
CNX Resources Corp. (A)	88,408		1,416,296
DT Midstream, Inc.	50,278		2,482,225
Equitrans Midstream Corp.	224,898		1,299,910
HF Sinclair Corp.	69,889		3,381,230
Matador Resources Company	58,334		2,779,615
Murphy Oil Corp.	75,936		2,808,113

 

156

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
PBF Energy, Inc., Class A	59,394	$	2,575,324
PDC Energy, Inc.	47,884		3,073,195
Range Resources Corp.	125,568		3,323,785
Southwestern Energy Company (A)	573,483		2,867,415
			34,056,339
			42,668,545
Financials – 14.0%
Banks – 5.9%
Associated Banc-Corp.	78,135		1,404,867
Bank of Hawaii Corp. (B)	20,701		1,078,108
Bank OZK	57,239		1,957,574
Cadence Bank	94,805		1,968,152
Cathay General Bancorp	37,801		1,304,891
Columbia Banking System, Inc.	108,071		2,314,881
Commerce Bancshares, Inc.	59,111		3,449,127
Cullen/Frost Bankers, Inc.	33,445		3,523,096
East West Bancorp, Inc.	73,244		4,065,042
First Financial Bankshares, Inc.	67,454		2,151,783
First Horizon Corp.	278,854		4,958,024
FNB Corp.	187,321		2,172,924
Fulton Financial Corp.	87,095		1,203,653
Glacier Bancorp, Inc.	57,567		2,418,390
Hancock Whitney Corp.	44,531		1,620,928
Home BancShares, Inc.	98,317		2,134,462
International Bancshares Corp.	27,437		1,174,852
New York Community Bancorp, Inc. (B)	354,000		3,200,160
Old National Bancorp	152,211		2,194,883
PacWest Bancorp (B)	61,173		595,213
Pinnacle Financial Partners, Inc.	39,754		2,192,831
Prosperity Bancshares, Inc.	47,452		2,919,247
SouthState Corp.	39,336		2,803,083
Synovus Financial Corp.	75,604		2,330,871
Texas Capital Bancshares, Inc. (A)	25,062		1,227,036
UMB Financial Corp.	22,598		1,304,357
United Bankshares, Inc.	69,774		2,456,045
Valley National Bancorp	218,408		2,018,090
Webster Financial Corp.	90,425		3,564,554
Wintrust Financial Corp.	31,577		2,303,542
			68,010,666
Capital markets – 1.9%
Affiliated Managers Group, Inc.	19,575		2,787,872
Evercore, Inc., Class A	18,568		2,142,376
Federated Hermes, Inc.	43,930		1,763,350
Interactive Brokers Group, Inc., Class A	53,458		4,413,492
Janus Henderson Group PLC	68,869		1,834,670
Jefferies Financial Group, Inc.	94,022		2,984,258
SEI Investments Company	52,986		3,049,344
Stifel Financial Corp.	54,745		3,234,882
			22,210,244
Consumer finance – 0.4%
FirstCash Holdings, Inc.	19,486		1,858,380
Navient Corp.	52,694		842,577
SLM Corp.	125,082		1,549,766
			4,250,723
Financial services – 1.5%
Essent Group, Ltd.	55,959		2,241,158
Euronet Worldwide, Inc. (A)	24,483		2,739,648
MGIC Investment Corp.	152,485		2,046,349
The Western Union Company	194,093		2,164,137
Voya Financial, Inc.	50,407		3,602,084

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
WEX, Inc. (A)	22,653	$	4,165,660
			16,959,036
Insurance – 3.7%
American Financial Group, Inc.	36,305		4,411,058
Brighthouse Financial, Inc. (A)	35,481		1,565,067
CNO Financial Group, Inc.	59,420		1,318,530
First American Financial Corp.	53,807		2,994,898
Kemper Corp.	33,237		1,816,734
Kinsale Capital Group, Inc.	11,274		3,383,891
Old Republic International Corp.	143,344		3,579,300
Primerica, Inc.	19,174		3,302,530
Reinsurance Group of America, Inc.	34,649		4,600,001
RenaissanceRe Holdings, Ltd.	22,719		4,551,524
RLI Corp.	21,030		2,795,097
Selective Insurance Group, Inc.	31,356		2,989,167
The Hanover Insurance Group, Inc.	18,500		2,377,250
Unum Group	97,179		3,844,401
			43,529,448
Mortgage real estate investment trusts – 0.6%
Annaly Capital Management, Inc.	243,361		4,650,629
Starwood Property Trust, Inc.	160,879		2,845,950
			7,496,579
			162,456,696
Health care – 9.1%
Biotechnology – 1.5%
Arrowhead Pharmaceuticals, Inc. (A)	56,284		1,429,614
Exelixis, Inc. (A)	168,415		3,268,935
Halozyme Therapeutics, Inc. (A)	70,265		2,683,420
Neurocrine Biosciences, Inc. (A)	50,193		5,080,535
United Therapeutics Corp. (A)	23,684		5,304,269
			17,766,773
Health care equipment and supplies – 3.5%
Enovis Corp. (A)	24,762		1,324,519
Envista Holdings Corp. (A)	84,808		3,466,951
Globus Medical, Inc., Class A (A)	40,460		2,291,654
Haemonetics Corp. (A)	26,216		2,169,374
ICU Medical, Inc. (A)	10,468		1,726,801
Inari Medical, Inc. (A)	25,093		1,549,242
Integra LifeSciences Holdings Corp. (A)	37,759		2,167,744
Lantheus Holdings, Inc. (A)	35,769		2,953,089
LivaNova PLC (A)	27,814		1,212,134
Masimo Corp. (A)	25,131		4,637,675
Neogen Corp. (A)	112,326		2,080,278
Omnicell, Inc. (A)	23,203		1,361,320
Penumbra, Inc. (A)	19,736		5,500,226
QuidelOrtho Corp. (A)	27,800		2,476,702
Shockwave Medical, Inc. (A)	18,782		4,072,501
STAAR Surgical Company (A)	25,051		1,602,011
			40,592,221
Health care providers and services – 2.1%
Acadia Healthcare Company, Inc. (A)	47,277		3,415,763
Amedisys, Inc. (A)	16,885		1,241,892
Chemed Corp.	7,727		4,155,194
Encompass Health Corp.	51,856		2,805,410
HealthEquity, Inc. (A)	43,984		2,582,301
Option Care Health, Inc. (A)	86,964		2,762,846
Patterson Companies, Inc.	44,893		1,201,786
Progyny, Inc. (A)	39,097		1,255,796
R1 RCM, Inc. (A)	71,427		1,071,405

 

157

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Tenet Healthcare Corp. (A)	56,187	$	3,338,632
			23,831,025
Life sciences tools and services – 1.4%
Azenta, Inc. (A)	35,910		1,602,304
Bruker Corp.	51,975		4,097,709
Medpace Holdings, Inc. (A)	13,091		2,461,763
Repligen Corp. (A)	26,834		4,517,772
Sotera Health Company (A)	51,311		918,980
Syneos Health, Inc. (A)	53,475		1,904,780
			15,503,308
Pharmaceuticals – 0.6%
Jazz Pharmaceuticals PLC (A)	32,721		4,788,064
Perrigo Company PLC	69,967		2,509,716
			7,297,780
			104,991,107
Industrials – 21.1%
Aerospace and defense – 1.6%
Axon Enterprise, Inc. (A)	35,132		7,899,430
Curtiss-Wright Corp.	19,907		3,508,808
Hexcel Corp.	43,799		2,989,282
Mercury Systems, Inc. (A)	30,196		1,543,620
Woodward, Inc.	31,038		3,022,170
			18,963,310
Air freight and logistics – 0.3%
GXO Logistics, Inc. (A)	61,652		3,110,960
Building products – 3.1%
Advanced Drainage Systems, Inc.	32,504		2,737,162
Builders FirstSource, Inc. (A)	76,481		6,789,975
Carlisle Companies, Inc.	26,875		6,075,631
Fortune Brands Innovations, Inc.	66,643		3,913,943
Lennox International, Inc.	16,773		4,214,719
Owens Corning	48,565		4,652,527
Simpson Manufacturing Company, Inc.	22,136		2,426,991
Trex Company, Inc. (A)	57,026		2,775,455
UFP Industries, Inc.	32,031		2,545,504
			36,131,907
Commercial services and supplies – 1.2%
Clean Harbors, Inc. (A)	26,133		3,725,520
MSA Safety, Inc.	19,147		2,556,125
Stericycle, Inc. (A)	47,904		2,089,093
Tetra Tech, Inc.	27,659		4,063,384
The Brink's Company	24,138		1,612,418
			14,046,540
Construction and engineering – 1.9%
AECOM	72,207		6,088,494
EMCOR Group, Inc.	24,764		4,026,379
Fluor Corp. (A)	73,837		2,282,302
MasTec, Inc. (A)	30,790		2,907,808
MDU Resources Group, Inc.	105,673		3,220,913
Valmont Industries, Inc.	11,086		3,539,538
			22,065,434
Electrical equipment – 2.0%
Acuity Brands, Inc.	16,656		3,043,551
EnerSys	21,229		1,844,376
Hubbell, Inc.	27,854		6,777,157
nVent Electric PLC	86,569		3,717,273
Regal Rexnord Corp.	34,376		4,837,734
SunPower Corp. (A)(B)	44,353		613,846
Sunrun, Inc. (A)	110,741		2,231,431

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Vicor Corp. (A)	11,583	$	543,706
			23,609,074
Ground transportation – 1.9%
Avis Budget Group, Inc. (A)	12,929		2,518,569
Hertz Global Holdings, Inc. (A)	83,771		1,364,630
Knight-Swift Transportation Holdings, Inc.	83,507		4,724,826
Landstar System, Inc.	18,670		3,346,784
Ryder System, Inc.	26,113		2,330,324
Saia, Inc. (A)	13,751		3,741,372
Werner Enterprises, Inc.	30,555		1,389,947
XPO, Inc. (A)	59,761		1,906,376
			21,322,828
Machinery – 4.6%
AGCO Corp.	32,175		4,350,060
Chart Industries, Inc. (A)	22,116		2,773,346
Crane Holdings Company	24,799		2,814,687
Donaldson Company, Inc.	63,236		4,131,840
Esab Corp.	26,849		1,585,970
Flowserve Corp.	67,917		2,309,178
Graco, Inc.	87,578		6,394,070
ITT, Inc.	42,976		3,708,829
Lincoln Electric Holdings, Inc.	30,004		5,073,676
Oshkosh Corp.	33,983		2,826,706
Terex Corp.	35,077		1,697,025
The Middleby Corp. (A)	28,001		4,105,227
The Timken Company	34,400		2,811,168
The Toro Company	54,397		6,046,771
Watts Water Technologies, Inc., Class A	14,194		2,389,134
			53,017,687
Marine transportation – 0.2%
Kirby Corp. (A)	31,125		2,169,413
Passenger airlines – 0.1%
JetBlue Airways Corp. (A)	168,305		1,225,260
Professional services – 3.1%
ASGN, Inc. (A)	25,931		2,143,716
CACI International, Inc., Class A (A)	12,216		3,619,356
Concentrix Corp.	22,188		2,696,951
EXL Service Holdings, Inc. (A)	17,183		2,780,725
Exponent, Inc.	26,278		2,619,654
FTI Consulting, Inc. (A)	17,888		3,530,197
Genpact, Ltd.	87,454		4,042,124
Insperity, Inc.	18,490		2,247,460
KBR, Inc.	71,295		3,924,790
ManpowerGroup, Inc.	26,272		2,168,228
Maximus, Inc.	31,581		2,485,425
Science Applications International Corp.	28,388		3,050,574
			35,309,200
Trading companies and distributors – 1.1%
GATX Corp.	18,292		2,012,486
MSC Industrial Direct Company, Inc., Class A	24,589		2,065,476
Univar Solutions, Inc. (A)	84,791		2,970,229
Watsco, Inc. (B)	17,285		5,499,396
			12,547,587
			243,519,200
Information technology – 10.0%
Communications equipment – 0.7%
Calix, Inc. (A)	29,586		1,585,514
Ciena Corp. (A)	77,125		4,050,605

 

158

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Lumentum Holdings, Inc. (A)	35,597	$	1,922,594
			7,558,713
Electronic equipment, instruments and components – 3.4%
Arrow Electronics, Inc. (A)	30,288		3,782,063
Avnet, Inc.	47,486		2,146,367
Belden, Inc.	22,245		1,930,199
Cognex Corp.	89,865		4,452,811
Coherent Corp. (A)	72,213		2,749,871
IPG Photonics Corp. (A)	16,708		2,060,263
Jabil, Inc.	69,258		6,105,785
Littelfuse, Inc.	12,865		3,448,978
National Instruments Corp.	67,851		3,556,071
Novanta, Inc. (A)	18,547		2,950,642
TD SYNNEX Corp.	21,806		2,110,603
Vishay Intertechnology, Inc.	67,331		1,523,027
Vontier Corp.	82,103		2,244,696
			39,061,376
IT services – 0.1%
Kyndryl Holdings, Inc. (A)	106,403		1,570,508
Semiconductors and semiconductor equipment – 2.9%
Allegro MicroSystems, Inc. (A)	33,836		1,623,790
Amkor Technology, Inc.	52,195		1,358,114
Cirrus Logic, Inc. (A)	28,715		3,140,847
Lattice Semiconductor Corp. (A)	71,224		6,801,892
MACOM Technology Solutions Holdings, Inc. (A)	26,833		1,900,850
MKS Instruments, Inc.	29,722		2,633,964
Power Integrations, Inc.	29,614		2,506,529
Silicon Laboratories, Inc. (A)	16,577		2,902,467
SiTime Corp. (A)	8,356		1,188,474
Synaptics, Inc. (A)	20,473		2,275,574
Universal Display Corp.	22,583		3,503,301
Wolfspeed, Inc. (A)(B)	64,654		4,199,277
			34,035,079
Software – 2.6%
ACI Worldwide, Inc. (A)	58,396		1,575,524
Aspen Technology, Inc. (A)	15,146		3,466,465
Blackbaud, Inc. (A)	23,178		1,606,235
CommVault Systems, Inc. (A)	23,152		1,313,644
Dynatrace, Inc. (A)	112,656		4,765,349
Envestnet, Inc. (A)	28,751		1,686,821
Manhattan Associates, Inc. (A)	32,477		5,029,063
NCR Corp. (A)	71,713		1,691,710
Paylocity Holding Corp. (A)	21,446		4,263,036
Qualys, Inc. (A)	17,964		2,335,679
Teradata Corp. (A)	52,901		2,130,852
			29,864,378
Technology hardware, storage and peripherals – 0.3%
Super Micro Computer, Inc. (A)	24,249		2,583,731
Xerox Holdings Corp.	58,286		897,604
			3,481,335
			115,571,389
Materials – 6.7%
Chemicals – 2.8%
Ashland, Inc.	25,947		2,665,016
Avient Corp.	44,424		1,828,492
Axalta Coating Systems, Ltd. (A)	114,637		3,472,355
Cabot Corp.	29,269		2,243,176
Ingevity Corp. (A)	18,256		1,305,669
NewMarket Corp.	3,479		1,269,765
Olin Corp.	63,938		3,548,559
RPM International, Inc.	67,083		5,852,321
Sensient Technologies Corp.	21,846		1,672,530

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
The Chemours Company	77,084	$	2,307,895
The Scotts Miracle-Gro Company	21,227		1,480,371
Valvoline, Inc.	89,348		3,121,819
Westlake Corp.	17,895		2,075,462
			32,843,430
Construction materials – 0.2%
Eagle Materials, Inc.	18,735		2,749,361
Containers and packaging – 0.9%
AptarGroup, Inc.	33,925		4,009,596
Greif, Inc., Class A	13,306		843,201
Silgan Holdings, Inc.	43,475		2,333,303
Sonoco Products Company	50,673		3,091,053
			10,277,153
Metals and mining – 2.6%
Alcoa Corp.	91,963		3,913,945
Cleveland-Cliffs, Inc. (A)	267,781		4,908,426
Commercial Metals Company	60,864		2,976,250
MP Materials Corp. (A)	47,976		1,352,443
Reliance Steel & Aluminum Company	30,499		7,830,313
Royal Gold, Inc.	34,112		4,424,668
U.S. Steel Corp.	117,757		3,073,458
Worthington Industries, Inc.	15,757		1,018,690
			29,498,193
Paper and forest products – 0.2%
Louisiana-Pacific Corp.	37,257		2,019,702
			77,387,839
Real estate – 7.4%
Health care REITs – 1.1%
Healthcare Realty Trust, Inc.	197,767		3,822,836
Medical Properties Trust, Inc.	311,267		2,558,615
Omega Healthcare Investors, Inc.	121,731		3,336,647
Physicians Realty Trust	118,618		1,770,967
Sabra Health Care REIT, Inc.	120,030		1,380,345
			12,869,410
Hotel and resort REITs – 0.1%
Park Hotels & Resorts, Inc.	116,841		1,444,155
Industrial REITs – 1.2%
EastGroup Properties, Inc.	22,645		3,743,671
First Industrial Realty Trust, Inc.	68,665		3,652,978
Rexford Industrial Realty, Inc.	98,275		5,862,104
			13,258,753
Office REITs – 0.7%
Corporate Office Properties Trust	58,422		1,385,186
Cousins Properties, Inc.	78,744		1,683,547
Douglas Emmett, Inc.	91,351		1,126,358
Highwoods Properties, Inc.	54,674		1,267,890
Kilroy Realty Corp.	54,761		1,774,256
Vornado Realty Trust	83,731		1,286,945
			8,524,182
Real estate management and development – 0.3%
Jones Lang LaSalle, Inc. (A)	24,665		3,588,511
Residential REITs – 0.4%
Apartment Income REIT Corp.	77,290		2,767,755
Independence Realty Trust, Inc.	116,321		1,864,626
			4,632,381
Retail REITs – 1.5%
Agree Realty Corp.	46,028		3,157,981
Brixmor Property Group, Inc.	155,853		3,353,957
Kite Realty Group Trust	113,857		2,381,888
National Retail Properties, Inc.	94,298		4,163,257
Spirit Realty Capital, Inc.	72,576		2,891,428

 

159

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Retail REITs (continued)
The Macerich Company	111,851	$	1,185,621
			17,134,132
Specialized REITs – 2.1%
CubeSmart	116,702		5,393,966
EPR Properties	38,986		1,485,367
Lamar Advertising Company, Class A	45,347		4,529,712
Life Storage, Inc.	44,170		5,790,245
National Storage Affiliates Trust	43,913		1,834,685
PotlatchDeltic Corp.	41,977		2,077,862
Rayonier, Inc.	76,537		2,545,621
			23,657,458
			85,108,982
Utilities – 3.6%
Electric utilities – 1.3%
ALLETE, Inc.	29,705		1,912,111
Hawaiian Electric Industries, Inc.	56,887		2,184,461
IDACORP, Inc.	26,275		2,846,371
OGE Energy Corp.	104,037		3,918,033
PNM Resources, Inc.	44,605		2,171,371
Portland General Electric Company	46,391		2,268,056
			15,300,403
Gas utilities – 1.3%
National Fuel Gas Company	47,702		2,754,313
New Jersey Resources Corp.	50,349		2,678,567
ONE Gas, Inc.	28,135		2,229,136
Southwest Gas Holdings, Inc.	32,064		2,002,397
Spire, Inc.	27,306		1,915,243
UGI Corp.	108,898		3,785,294
			15,364,950
Independent power and renewable electricity producers – 0.2%
Ormat Technologies, Inc.	25,339		2,147,987
Multi-utilities – 0.3%
Black Hills Corp.	33,818		2,133,916

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
NorthWestern Corp.	30,025	$	1,737,247
			3,871,163
Water utilities – 0.5%
Essential Utilities, Inc.	124,035		5,414,128
			42,098,631
TOTAL COMMON STOCKS (Cost $946,126,181)		$	1,114,181,088
SHORT-TERM INVESTMENTS – 5.0%
Short-term funds – 5.0%
John Hancock Collateral Trust, 4.9438% (C)(D)	5,771,858		57,700,687
TOTAL SHORT-TERM INVESTMENTS (Cost $57,698,230)		$	57,700,687
Total Investments (Mid Cap Index Trust) (Cost $1,003,824,411) – 101.4%		$	1,171,881,775
Other assets and liabilities, net – (1.4%)			(16,513,875)
TOTAL NET ASSETS – 100.0%		$	1,155,367,900

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $16,895,306.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $17,238,262.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P Mid 400 E-Mini Index Futures	165	Long	Jun 2023	$40,256,727	$41,740,050	$1,483,323
						$1,483,323

^ 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 Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 95.6%
Communication services – 4.7%
Entertainment – 1.0%
Madison Square Garden Entertainment Corp. (A)	54,381	$	3,212,286
Madison Square Garden Sports Corp.	14,249		2,776,418
			5,988,704
Media – 3.7%
DISH Network Corp., Class A (A)	131,793		1,229,629

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
News Corp., Class A	662,548	$	11,442,204
News Corp., Class B	56,942		992,499
Paramount Global, Class B (B)	192,534		4,295,434
Scholastic Corp.	113,363		3,879,282
			21,839,048
			27,827,752

 

160

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer discretionary – 8.2%
Automobiles – 1.0%
General Motors Company	162,733	$	5,969,046
Diversified consumer services – 1.8%
Bright Horizons Family Solutions, Inc. (A)	72,007		5,543,819
Strategic Education, Inc.	54,346		4,881,901
			10,425,720
Hotels, restaurants and leisure – 1.0%
Compass Group PLC	241,083		6,058,787
Household durables – 0.7%
Mohawk Industries, Inc. (A)	39,519		3,960,594
Specialty retail – 2.1%
Bath & Body Works, Inc.	89,960		3,290,737
Best Buy Company, Inc.	58,891		4,609,399
Burlington Stores, Inc. (A)	24,180		4,886,778
			12,786,914
Textiles, apparel and luxury goods – 1.6%
Ralph Lauren Corp.	80,489		9,390,652
			48,591,713
Consumer staples – 7.3%
Beverages – 2.0%
Constellation Brands, Inc., Class A	31,511		7,118,020
Monster Beverage Corp. (A)	90,712		4,899,355
			12,017,375
Consumer staples distribution and retail – 1.5%
Sysco Corp.	116,443		8,992,893
Food products – 3.3%
Bunge, Ltd.	45,594		4,355,139
Flowers Foods, Inc.	379,360		10,398,258
Tyson Foods, Inc., Class A	76,000		4,508,320
			19,261,717
Household products – 0.5%
Kimberly-Clark Corp.	22,249		2,986,261
			43,258,246
Energy – 6.5%
Energy equipment and services – 4.2%
Expro Group Holdings NV (A)	220,699		4,052,034
NOV, Inc.	82,507		1,527,205
SEACOR Marine Holdings, Inc. (A)	129,032		981,934
TechnipFMC PLC (A)	744,707		10,165,251
Tidewater, Inc. (A)	185,899		8,194,428
			24,920,852
Oil, gas and consumable fuels – 2.3%
Cameco Corp.	176,038		4,606,914
Equitrans Midstream Corp.	355,535		2,054,992
Imperial Oil, Ltd.	64,389		3,271,605
Suncor Energy, Inc.	123,059		3,820,982
			13,754,493
			38,675,345
Financials – 15.2%
Banks – 3.7%
Fifth Third Bancorp	362,148		9,647,623
Popular, Inc.	109,767		6,301,723
Webster Financial Corp.	154,240		6,080,141
			22,029,487
Capital markets – 2.3%
Main Street Capital Corp.	90,687		3,578,509
Open Lending Corp., Class A (A)	327,613		2,306,396

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
State Street Corp.	104,378	$	7,900,371
			13,785,276
Consumer finance – 0.7%
OneMain Holdings, Inc.	113,205		4,197,641
Financial services – 4.0%
Apollo Global Management, Inc.	83,095		5,248,280
Corebridge Financial, Inc.	74,389		1,191,712
FleetCor Technologies, Inc. (A)	35,145		7,410,323
Global Payments, Inc.	56,276		5,922,486
Jackson Financial, Inc., Class A	111,484		4,170,616
			23,943,417
Insurance – 4.5%
Assurant, Inc.	8,900		1,068,623
Brown & Brown, Inc.	90,743		5,210,463
CNA Financial Corp.	123,122		4,805,452
Kemper Corp.	117,067		6,398,882
RenaissanceRe Holdings, Ltd.	40,000		8,013,600
The Allstate Corp.	8,500		941,885
			26,438,905
			90,394,726
Health care – 11.3%
Health care equipment and supplies – 4.8%
Baxter International, Inc.	129,448		5,250,411
Dentsply Sirona, Inc.	155,101		6,092,367
Koninklijke Philips NV, NYRS	350,799		6,437,162
Teleflex, Inc.	11,800		2,989,058
Zimmer Biomet Holdings, Inc.	60,793		7,854,456
			28,623,454
Health care providers and services – 4.5%
Cardinal Health, Inc.	60,199		4,545,025
Centene Corp. (A)	63,004		3,982,483
Fresenius SE & Company KGaA	73,574		1,986,736
Patterson Companies, Inc.	55,476		1,485,093
Select Medical Holdings Corp.	560,607		14,491,687
			26,491,024
Life sciences tools and services – 1.3%
Charles River Laboratories International, Inc. (A)	37,899		7,648,776
Pharmaceuticals – 0.7%
Elanco Animal Health, Inc. (A)	189,240		1,778,856
Viatris, Inc.	266,351		2,562,297
			4,341,153
			67,104,407
Industrials – 15.3%
Aerospace and defense – 4.0%
Huntington Ingalls Industries, Inc.	5,300		1,097,206
Rolls-Royce Holdings PLC (A)	3,230,976		5,951,009
Spirit AeroSystems Holdings, Inc., Class A	188,732		6,516,916
Textron, Inc.	143,126		10,108,989
			23,674,120
Air freight and logistics – 0.6%
CH Robinson Worldwide, Inc.	37,590		3,735,318
Building products – 1.4%
Armstrong World Industries, Inc.	15,700		1,118,468
Fortune Brands Innovations, Inc.	41,899		2,460,728

 

161

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Trane Technologies PLC	27,082	$	4,982,546
			8,561,742
Electrical equipment – 0.7%
Rockwell Automation, Inc.	14,401		4,225,973
Ground transportation – 1.2%
JB Hunt Transport Services, Inc.	39,363		6,906,632
Machinery – 4.8%
Alstom SA (B)	32,551		886,243
Alstom SA, ADR	1,240,785		3,306,692
Esab Corp.	41,074		2,426,241
PACCAR, Inc.	55,736		4,079,875
Stanley Black & Decker, Inc.	149,250		12,026,565
The Middleby Corp. (A)	39,732		5,825,109
			28,550,725
Passenger airlines – 1.1%
Southwest Airlines Company	205,437		6,684,920
Professional services – 0.9%
SS&C Technologies Holdings, Inc.	79,300		4,478,071
TransUnion	8,600		534,404
			5,012,475
Trading companies and distributors – 0.6%
Ashtead Group PLC	60,771		3,731,634
			91,083,539
Information technology – 7.2%
Communications equipment – 1.7%
Arista Networks, Inc. (A)	29,700		4,985,442
Motorola Solutions, Inc.	17,050		4,878,517
			9,863,959
Electronic equipment, instruments and components – 1.3%
Corning, Inc.	209,260		7,382,693
Semiconductors and semiconductor equipment – 1.8%
Marvell Technology, Inc.	159,925		6,924,753
MKS Instruments, Inc.	44,900		3,979,038
			10,903,791
Technology hardware, storage and peripherals – 2.4%
Pure Storage, Inc., Class A (A)	35,500		905,605
Western Digital Corp. (A)	360,812		13,591,788
			14,497,393
			42,647,836
Materials – 6.2%
Chemicals – 0.8%
The Scotts Miracle-Gro Company	67,247		4,689,806
Construction materials – 1.7%
Summit Materials, Inc., Class A (A)	224,503		6,396,090
Vulcan Materials Company	22,158		3,801,426
			10,197,516
Containers and packaging – 1.9%
Ball Corp.	102,471		5,647,177
Westrock Company	185,892		5,664,129
			11,311,306
Metals and mining – 1.8%
Franco-Nevada Corp.	35,063		5,114,295
Freeport-McMoRan, Inc.	68,012		2,782,371
Fresnillo PLC	285,881		2,639,837
			10,536,503
			36,735,131

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate – 7.0%
Health care REITs – 0.1%
Omega Healthcare Investors, Inc.	30,067	$	824,136
Industrial REITs – 1.0%
Rexford Industrial Realty, Inc.	95,890		5,719,839
Office REITs – 0.5%
Douglas Emmett, Inc.	83,623		1,031,072
Vornado Realty Trust	106,667		1,639,472
			2,670,544
Residential REITs – 1.4%
Apartment Investment and Management Company, Class A	446,352		3,432,447
Equity Residential	80,377		4,822,620
			8,255,067
Retail REITs – 1.1%
Regency Centers Corp.	83,560		5,112,201
Simon Property Group, Inc.	13,668		1,530,406
			6,642,607
Specialized REITs – 2.9%
Digital Realty Trust, Inc.	31,672		3,113,674
Rayonier, Inc.	159,827		5,315,846
SBA Communications Corp.	13,764		3,593,367
Weyerhaeuser Company	170,984		5,151,748
			17,174,635
			41,286,828
Utilities – 6.7%
Electric utilities – 4.7%
Evergy, Inc.	89,168		5,449,948
FirstEnergy Corp.	293,872		11,772,512
PG&E Corp. (A)	665,452		10,760,359
			27,982,819
Multi-utilities – 2.0%
Ameren Corp.	83,038		7,173,653
CenterPoint Energy, Inc.	150,850		4,444,041
			11,617,694
			39,600,513
TOTAL COMMON STOCKS (Cost $523,194,901)		$	567,206,036
SHORT-TERM INVESTMENTS – 5.9%
Short-term funds – 5.9%
John Hancock Collateral Trust, 4.9438% (C)(D)	457,708		4,575,662
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (C)	2,001,589		2,001,589
T. Rowe Price Government Reserve Fund, 4.8116% (C)	28,618,565		28,618,565
TOTAL SHORT-TERM INVESTMENTS (Cost $35,196,283)		$	35,195,816
Total Investments (Mid Value Trust) (Cost $558,391,184) – 101.5%		$	602,401,852
Other assets and liabilities, net – (1.5%)			(8,889,984)
TOTAL NET ASSETS – 100.0%		$	593,511,868

Security Abbreviations and Legend
ADR	American Depositary Receipt
NYRS	New York Registry Shares
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $4,418,202.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.

 

162

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

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

Opportunistic Fixed Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 30.3%
U.S. Government - 9.3%
U.S. Treasury Bonds 3.625%, 02/15/2053	$	80,500	$	79,921
U.S. Treasury Notes
3.500%, 02/15/2033 (A)		245,100		245,483
4.000%, 02/29/2028		20,000		20,361
4.125%, 11/15/2032		27,600		29,002
U.S. Treasury Treasury Inflation Protected Securities
1.125%, 01/15/2033		1,325,399		1,321,930
1.625%, 10/15/2027		13,287,257		13,545,736
				15,242,433
U.S. Government Agency - 21.0%
Federal National Mortgage Association
2.500%, TBA (B)		3,358,000		2,894,307
4.500%, TBA (B)		4,770,000		4,672,362
5.000%, TBA (B)		5,729,000		5,712,661
5.500%, TBA (B)		20,610,000		20,819,297
Government National Mortgage Association 3.000%, TBA (B)		150,000		136,450
				34,235,077
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $48,922,871)			$	49,477,510
FOREIGN GOVERNMENT OBLIGATIONS - 42.3%
Angola - 0.1%
Republic of Angola 8.750%, 04/14/2032		200,000		168,640
Argentina - 0.3%
Republic of Argentina
1.000%, 07/09/2029		34,723		9,715
1.500%, (1.500% to 7-9-23, then 3.625% to 7-9-24, then 4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter), 07/09/2035		1,534,439		398,848
				408,563
Australia - 1.2%
Commonwealth of Australia
0.250%, 11/21/2032	AUD	685,000		467,023
1.750%, 06/21/2051		980,000		421,722
Commonwealth of Australia, Inflation Linked Bond 1.522%, 08/21/2040		1,370,000		1,090,580
				1,979,325
Benin - 0.1%
Republic of Benin 4.950%, 01/22/2035	EUR	280,000		208,086
Brazil - 6.8%
Federative Republic of Brazil
10.000%, 01/01/2025 to 01/01/2033	BRL	55,462,000		10,219,198
11.850%, 01/01/2026 (C)		1,697,000		244,771
11.910%, 01/01/2025 (C)		1,830,000		295,412
12.874%, 01/01/2024 (C)		1,533,000		275,642
12.956%, 07/01/2023 (C)		324,000		61,965
				11,096,988

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Bulgaria - 0.1%
Republic of Bulgaria
4.125%, 09/23/2029	EUR	102,000	$	108,547
4.500%, 01/27/2033 (D)		50,000		53,122
				161,669
Canada - 1.8%
Government of Canada 4.000%, 12/01/2031	CAD	1,111,341		1,020,929
Province of Ontario 2.000%, 12/01/2036		2,785,083		1,975,544
				2,996,473
Chile - 0.2%
Republic of Chile
1.250%, 01/22/2051	EUR	100,000		58,252
4.700%, 09/01/2030 (D)	CLP	80,000,000		97,593
5.000%, 03/01/2035		30,000,000		37,722
6.000%, 01/01/2043		70,000,000		99,537
				293,104
Colombia - 1.3%
Republic of Colombia
3.875%, 02/15/2061	$	645,000		370,990
6.000%, 04/28/2028	COP	132,500,000		22,759
6.125%, 01/18/2041	$	645,000		526,344
6.250%, 07/09/2036	COP	66,600,000		9,001
7.000%, 06/30/2032		723,800,000		114,756
7.250%, 10/18/2034		1,489,300,000		228,614
7.500%, 02/02/2034	$	200,000		196,270
7.750%, 09/18/2030	COP	1,698,500,000		297,076
9.250%, 05/28/2042		1,853,700,000		313,553
				2,079,363
Czech Republic - 0.8%
Czech Republic
0.450%, 10/25/2023	CZK	300,000		13,422
0.950%, 05/15/2030		7,560,000		270,247
1.200%, 03/13/2031		1,310,000		46,558
1.500%, 04/24/2040		940,000		27,236
1.750%, 06/23/2032 to 06/23/2032		4,740,000		171,996
2.000%, 10/13/2033		3,340,000		120,775
2.500%, 08/25/2028		6,220,000		256,167
3.500%, 05/30/2035		920,000		38,008
5.000%, 09/30/2030		4,660,000		218,573
6.000%, 02/26/2026		2,430,000		115,212
				1,278,194
Dominican Republic - 0.1%
Government of the Dominican Republic 13.625%, 02/03/2033 (D)	DOP	11,600,000		237,552
Gabon - 0.2%
Republic of Gabon 6.625%, 02/06/2031	$	420,000		319,544
Ghana - 0.1%
Republic of Ghana 10.750%, 10/14/2030		250,000		171,875
Greece - 0.8%
Republic of Greece, GDP-Linked Note 4.404%, 10/15/2042 (E)*	EUR	409,185,000		1,231,881
Hungary - 1.0%
Republic of Hungary
0.500%, 11/18/2030		69,000		52,848
1.000%, 11/26/2025	HUF	11,030,000		24,867
1.625%, 04/28/2032	EUR	990,000		789,894
1.750%, 06/05/2035		130,000		96,168
3.000%, 08/21/2030 to 10/27/2038	HUF	62,140,000		106,929
3.250%, 10/22/2031		65,610,000		128,992

 

163

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Hungary (continued)
Republic of Hungary (continued)
4.250%, 06/16/2031	EUR	100,000	$	98,567
4.500%, 03/23/2028	HUF	19,240,000		44,517
4.750%, 11/24/2032		28,850,000		62,370
6.125%, 05/22/2028 (D)	$	200,000		204,904
7.625%, 03/29/2041		28,000		31,441
				1,641,497
Iceland - 2.0%
Republic of Iceland
5.000%, 11/15/2028	ISK	433,770,000		2,895,380
6.500%, 01/24/2031		46,170,000		336,612
				3,231,992
Indonesia - 1.1%
Republic of Indonesia
1.100%, 03/12/2033	EUR	280,000		223,279
1.400%, 10/30/2031		380,000		322,613
6.375%, 08/15/2028 to 04/15/2032	IDR	5,415,000,000		357,062
6.500%, 06/15/2025		1,112,000,000		74,509
7.000%, 05/15/2027 to 02/15/2033		3,521,000,000		239,353
7.500%, 08/15/2032 to 05/15/2038		7,129,000,000		500,118
8.375%, 03/15/2034		1,937,000,000		143,003
				1,859,937
Japan - 4.0%
Government of Japan, CPI Linked Bond 0.100%, 03/10/2028	JPY	829,887,356		6,465,965
Malaysia - 1.2%
Government of Malaysia
2.632%, 04/15/2031	MYR	1,580,000		326,508
3.478%, 06/14/2024		1,345,000		306,322
3.502%, 05/31/2027		305,000		69,064
3.582%, 07/15/2032		595,000		131,542
3.882%, 03/14/2025		1,875,000		430,319
3.885%, 08/15/2029		1,510,000		342,632
3.906%, 07/15/2026		485,000		111,749
4.254%, 05/31/2035		240,000		54,814
4.696%, 10/15/2042		405,000		97,746
				1,870,696
Mexico - 1.6%
Government of Mexico
3.625%, 04/09/2029	EUR	550,000		575,693
5.500%, 03/04/2027	MXN	8,401,800		410,345
5.625%, 03/19/2114	GBP	100,000		92,520
5.750%, 03/05/2026	MXN	2,445,200		122,370
7.500%, 05/26/2033		5,103,900		258,177
7.750%, 05/29/2031 to 11/13/2042		3,888,400		192,886
8.000%, 11/07/2047 to 07/31/2053		3,890,700		191,745
8.500%, 05/31/2029 to 11/18/2038		7,363,500		392,266
10.000%, 11/20/2036		1,712,300		103,703
11.551%, 01/23/2025 (C)		5,348,530		242,616
				2,582,321
New Zealand - 3.7%
Government of New Zealand
1.500%, 05/15/2031	NZD	690,000		352,860
2.750%, 05/15/2051		2,975,000		1,378,942
Government of New Zealand, Inflation Linked Bond
3.048%, 09/20/2040		1,925,000		1,479,170
3.080%, 09/20/2035		2,315,000		1,817,120
3.754%, 09/20/2030		1,280,000		1,073,099
				6,101,191
North Macedonia - 0.6%
Republic of North Macedonia
1.625%, 03/10/2028	EUR	820,000		702,538

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
North Macedonia (continued)
Republic of North Macedonia (continued)
2.750%, 01/18/2025	EUR	150,000	$	152,742
6.960%, 02/15/2027 (D)		100,000		108,830
				964,110
Panama - 0.1%
Republic of Panama 4.500%, 04/01/2056	$	285,000		211,614
Peru - 0.7%
Republic of Peru
5.400%, 08/12/2034	PEN	155,000		34,542
5.940%, 02/12/2029		465,000		116,625
6.150%, 08/12/2032		70,000		16,992
6.350%, 08/12/2028		2,120,000		549,422
6.900%, 08/12/2037		395,000		98,259
6.950%, 08/12/2031		310,000		80,194
8.200%, 08/12/2026		665,000		184,986
				1,081,020
Philippines - 0.1%
Republic of the Philippines 1.750%, 04/28/2041	EUR	215,000		146,593
Poland - 1.1%
Republic of Poland
1.750%, 04/25/2032	PLN	2,530,000		414,975
2.750%, 04/25/2028 to 10/25/2029		1,500,000		292,577
3.250%, 07/25/2025		1,085,000		236,570
3.750%, 05/25/2027		1,900,000		402,510
4.875%, 10/04/2033	$	50,000		49,770
5.500%, 04/04/2053		180,000		182,160
7.500%, 07/25/2028	PLN	805,000		197,977
				1,776,539
Romania - 1.2%
Republic of Romania
2.625%, 12/02/2040 (D)	EUR	540,000		338,360
3.650%, 09/24/2031	RON	365,000		61,159
3.700%, 11/25/2024		90,000		18,773
3.875%, 10/29/2035	EUR	520,000		429,228
4.750%, 10/11/2034	RON	540,000		92,934
4.850%, 07/25/2029		335,000		64,061
5.800%, 07/26/2027		1,130,000		233,874
6.625%, 02/17/2028 (D)	$	84,000		87,084
6.700%, 02/25/2032	RON	690,000		143,363
7.625%, 01/17/2053 (D)	$	178,000		190,343
8.250%, 09/29/2032	RON	1,055,000		241,815
				1,900,994
Russia - 0.3%
Government of Russia
6.900%, 05/23/2029	RUB	164,290,000		340,640
7.650%, 04/10/2030		84,090,000		174,353
				514,993
Serbia - 0.0%
Republic of Serbia 1.650%, 03/03/2033	EUR	100,000		71,439
South Africa - 1.6%
Republic of South Africa
6.250%, 03/31/2036	ZAR	4,615,000		174,098
7.000%, 02/28/2031		2,135,000		99,299
8.000%, 01/31/2030		7,935,000		405,893
8.250%, 03/31/2032		11,775,000		576,845
8.500%, 01/31/2037		7,080,000		319,885
8.750%, 01/31/2044		5,915,000		256,672
8.875%, 02/28/2035		7,790,000		375,417
9.000%, 01/31/2040		4,160,000		189,780

 

164

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
South Africa (continued)
Republic of South Africa (continued)
10.500%, 12/21/2026	ZAR	2,200,000	$	131,454
				2,529,343
South Korea - 5.7%
Republic of Korea
1.375%, 12/10/2029	KRW	5,101,550,000		3,479,827
2.375%, 12/10/2031		3,109,210,000		2,223,166
Republic of Korea, Inflation Linked Bond
1.125%, 06/10/2030		3,063,035,901		2,342,488
1.750%, 06/10/2028		1,591,625,064		1,281,455
				9,326,936
Spain - 0.5%
Kingdom of Spain 1.900%, 10/31/2052 (D)	EUR	1,150,000		826,523
Sri Lanka - 0.0%
Democratic Socialist Republic of Sri Lanka 6.750%, 04/18/2028	$	200,000		70,009
Sweden - 1.1%
Kingdom of Sweden, Inflation Linked Bond 0.158%, 06/01/2032 (D)	SEK	15,200,000		1,797,091
Thailand - 0.6%
Kingdom of Thailand
1.000%, 06/17/2027	THB	7,960,000		223,953
1.585%, 12/17/2035		10,440,000		272,279
1.600%, 12/17/2029		1,010,000		28,469
2.000%, 12/17/2031 to 06/17/2042		13,405,000		371,686
2.875%, 06/17/2046		775,000		21,967
3.450%, 06/17/2043		3,690,000		117,348
				1,035,702
Ukraine - 0.1%
Republic of Ukraine 7.253%, 03/15/2035	$	520,000		88,400
Uzbekistan - 0.1%
Republic of Uzbekistan 3.700%, 11/25/2030		200,000		160,300
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $81,448,203)			$	68,886,462
CORPORATE BONDS - 21.5%
Australia - 0.3%
BHP Billiton Finance USA, Ltd. 4.900%, 02/28/2033		260,000		265,261
FMG Resources August 2006 Proprietary, Ltd. 4.375%, 04/01/2031 (D)		85,000		74,545
FMG Resources Proprietary, Ltd. 5.875%, 04/15/2030 (D)		135,000		129,348
				469,154
Austria - 0.1%
Klabin Austria GmbH 7.000%, 04/03/2049 (D)		200,000		199,300
Bermuda - 0.0%
Carnival Holdings Bermuda, Ltd. 10.375%, 05/01/2028 (D)		20,000		21,515
Canada - 0.6%
Bausch Health Companies, Inc.
4.875%, 06/01/2028 (D)		19,000		11,210
5.250%, 01/30/2030 (D)		185,000		69,038

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Canada (continued)
Emera, Inc. 6.750%, (6.750% to 6-15-26, then 3 month LIBOR + 5.440% to 6-15-46, then 3 month LIBOR + 6.190%), 06/15/2076	$	239,000	$	222,696
Enbridge, Inc.
5.750%, (5.750% to 4-15-30, then 5 Year CMT + 5.314%), 07/15/2080		71,000		63,168
6.000%, (6.000% to 1-15-27, then 3 month LIBOR + 3.890%), 01/15/2077		225,000		207,719
Enerflex, Ltd. 9.000%, 10/15/2027 (D)		85,000		82,663
goeasy, Ltd. 4.375%, 05/01/2026 (D)		40,000		35,000
Nutrien, Ltd. 5.800%, 03/27/2053		30,000		30,900
The Bank of Nova Scotia
3.625%, (3.625% to 10-27-26, then 5 Year CMT + 2.613%), 10/27/2081		200,000		146,619
4.900%, (4.900% to 6-4-25, then 5 Year CMT + 4.551%), 06/04/2025 (F)		88,000		80,080
TransCanada Pipelines, Ltd. 7.074%, (3 month LIBOR + 2.210%), 05/15/2067 (G)		20,000		15,500
Transcanada Trust 5.600%, (5.600% to 12-7-31, then 5 Year CMT + 3.986%), 03/07/2082		110,000		92,014
				1,056,607
Chile - 0.1%
VTR Comunicaciones SpA 4.375%, 04/15/2029		200,000		121,422
China - 0.2%
CIFI Holdings Group Company, Ltd. 4.375%, 04/12/2027		260,000		54,433
Country Garden Holdings Company, Ltd. 3.875%, 10/22/2030		290,000		132,706
Times China Holdings, Ltd. 5.750%, 01/14/2027		200,000		29,208
Yuzhou Group Holdings Company, Ltd.
6.350%, 01/13/2027 (H)		200,000		18,165
7.375%, 01/13/2026 (H)		200,000		17,837
				252,349
Colombia - 0.0%
Ecopetrol SA 8.875%, 01/13/2033		50,000		50,613
Finland - 0.0%
Nokia OYJ 6.625%, 05/15/2039		27,000		26,950
France - 0.8%
Societe Generale SA
6.221%, (6.221% to 6-15-32, then 1 Year CMT + 3.200%), 06/15/2033 (D)		420,000		390,203
7.367%, 01/10/2053 (D)		200,000		194,965
TotalEnergies SE 2.125%, (2.125% to 1-25-33, then 5 Year Euro Swap Rate + 2.513% to 1-25-53, then 5 Year Euro Swap Rate + 3.263%), 07/25/2032 (F)	EUR	470,000		367,350
Valeo 1.000%, 08/03/2028		500,000		432,225
				1,384,743

 

165

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Germany - 0.4%
Allianz SE 2.600%, (2.600% to 10-30-31, then 5 Year Euro Swap Rate + 2.579%), 10/30/2031 (F)	EUR	200,000	$	145,240
Deutsche Bank AG
2.311%, (2.311% to 11-16-26, then SOFR + 1.219%), 11/16/2027	$	150,000		127,115
3.742%, (3.742% to 10-7-31, then SOFR + 2.257%), 01/07/2033		200,000		144,702
Hannover Rueck SE 1.750%, (1.750% to 7-8-30, then 3 month EURIBOR + 3.000%), 10/08/2040	EUR	100,000		84,063
Muenchener Rueckversicherungs-Gesellschaft AG 1.250%, (1.250% to 11-26-30, then 3 month EURIBOR + 2.550%), 05/26/2041		200,000		162,372
				663,492
Ireland - 0.0%
Trane Technologies Financing, Ltd. 5.250%, 03/03/2033	$	5,000		5,168
Italy - 0.3%
Assicurazioni Generali SpA 2.429%, 07/14/2031	EUR	600,000		528,192
Japan - 0.1%
Rakuten Group, Inc. 4.250%, (4.250% to 4-22-27, then 5 Year Euro Swap Rate + 4.740%), 04/22/2027 (F)		200,000		101,943
Luxembourg - 0.1%
ArcelorMittal SA
6.550%, 11/29/2027	$	23,000		23,919
6.800%, 11/29/2032		10,000		10,490
Trinseo Materials Operating SCA 5.125%, 04/01/2029 (D)		105,000		64,533
				98,942
Malta - 0.0%
VistaJet Malta Finance PLC 6.375%, 02/01/2030 (D)		82,000		73,081
Mexico - 0.2%
America Movil SAB de CV 4.700%, 07/21/2032		200,000		196,968
Trust Fibra Uno 4.869%, 01/15/2030		200,000		168,338
Unifin Financiera SAB de CV 8.375%, 01/27/2028 (H)		205,000		5,125
				370,431
Netherlands - 0.6%
ABN AMRO Bank NV 3.324%, (3.324% to 12-13-31, then 5 Year CMT + 1.900%), 03/13/2037 (D)		400,000		306,682
Achmea BV 2.500%, (2.500% to 6-24-29, then 5 Year Euro Swap Rate + 3.650%), 09/24/2039	EUR	135,000		114,672
Braskem Netherlands Finance BV 7.250%, 02/13/2033 (D)	$	200,000		192,100
Teva Pharmaceutical Finance Netherlands II BV 4.375%, 05/09/2030	EUR	460,000		420,973
				1,034,427

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Norway - 0.5%
Equinor ASA 3.000%, 04/06/2027	$	47,000	$	44,613
Var Energi ASA
7.500%, 01/15/2028 (D)		260,000		269,176
8.000%, 11/15/2032 (D)		425,000		452,323
				766,112
Singapore - 0.1%
Medco Bell Pte, Ltd. 6.375%, 01/30/2027		200,000		180,133
South Africa - 0.1%
Transnet SOC, Ltd. 8.250%, 02/06/2028 (D)		200,000		198,984
Switzerland - 0.5%
Credit Suisse Group AG
4.282%, 01/09/2028 (D)		250,000		225,313
6.537%, (6.537% to 8-12-32, then SOFR + 3.920%), 08/12/2033 (D)		500,000		513,750
				739,063
United Arab Emirates - 0.2%
MDGH GMTN RSC, Ltd. 1.000%, 03/10/2034	EUR	345,000		275,641
United Kingdom - 0.9%
Anglo American Capital PLC
2.625%, 09/10/2030 (D)	$	330,000		274,570
5.625%, 04/01/2030 (D)		400,000		402,427
Aon Global, Ltd. 3.875%, 12/15/2025		40,000		39,014
BP Capital Markets PLC 4.875%, (4.875% to 6-22-30, then 5 Year CMT + 4.398% to 6-22-50, then 5 Year CMT + 5.148%), 03/22/2030 (F)		52,000		47,255
HSBC Holdings PLC 5.402%, (5.402% to 8-11-32, then SOFR + 2.870%), 08/11/2033		475,000		469,493
Rio Tinto Finance USA PLC 5.125%, 03/09/2053		195,000		200,820
Vodafone Group PLC 4.375%, 02/19/2043		30,000		25,469
				1,459,048
United States - 15.4%
AbbVie, Inc. 4.250%, 11/21/2049		40,000		35,299
Adams Homes, Inc. 7.500%, 02/15/2025 (D)		10,000		8,859
Advanced Drainage Systems, Inc. 6.375%, 06/15/2030 (D)		120,000		117,580
Aircastle, Ltd. 5.250%, (5.250% to 9-15-26, then 5 Year CMT + 4.410% to 9-15-31, then 5 Year CMT + 4.660% to 9-15-46, then 5 Year CMT + 5.160%), 06/15/2026 (D)(F)		64,000		46,694
Alliant Holdings Intermediate LLC 6.750%, 10/15/2027 (D)		61,000		56,578
Ally Financial, Inc. 4.700%, (4.700% to 5-15-28, then 7 Year CMT + 3.481%), 05/15/2028 (F)		27,000		18,009
Altria Group, Inc. 3.125%, 06/15/2031	EUR	100,000		92,504
American International Group, Inc.
4.500%, 07/16/2044	$	35,000		30,494
4.750%, 04/01/2048		95,000		85,265

 

166

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
AmeriGas Partners LP 5.750%, 05/20/2027	$	77,000	$	72,475
Amgen, Inc.
3.000%, 01/15/2052		45,000		30,817
5.250%, 03/02/2030		25,000		25,570
5.600%, 03/02/2043		5,000		5,152
Anheuser-Busch Companies LLC
4.900%, 02/01/2046		17,000		16,614
5.450%, 01/23/2039		20,000		20,969
Anheuser-Busch InBev Worldwide, Inc. 4.600%, 04/15/2048		14,000		13,209
Antero Resources Corp. 5.375%, 03/01/2030 (D)		60,000		55,815
Apple, Inc.
1.200%, 02/08/2028		47,000		41,332
2.650%, 05/11/2050		22,000		15,509
APX Group, Inc. 5.750%, 07/15/2029 (D)		119,000		106,505
Aramark Services, Inc. 6.375%, 05/01/2025 (D)		196,000		197,443
Ardagh Metal Packaging Finance USA LLC 6.000%, 06/15/2027 (D)		200,000		198,205
Arthur J. Gallagher & Company 5.750%, 03/02/2053		205,000		205,490
AssuredPartners, Inc. 5.625%, 01/15/2029 (D)		65,000		56,160
Astrazeneca Finance LLC 4.900%, 03/03/2030		40,000		40,913
AT&T, Inc.
2.300%, 06/01/2027		32,000		29,325
3.500%, 06/01/2041 to 09/15/2053		72,000		53,664
AutoZone, Inc. 4.750%, 08/01/2032 to 02/01/2033		100,000		99,023
Bank of America Corp.
2.087%, (2.087% to 6-14-28, then SOFR + 1.060%), 06/14/2029		44,000		37,893
2.676%, (2.676% to 6-19-40, then SOFR + 1.930%), 06/19/2041		60,000		42,408
2.687%, (2.687% to 4-22-31, then SOFR + 1.320%), 04/22/2032		670,000		559,131
3.093%, (3.093% to 10-1-24, then 3 month LIBOR + 1.090%), 10/01/2025		27,000		25,980
4.443%, (4.443% to 1-20-47, then 3 month LIBOR + 1.990%), 01/20/2048		27,000		23,917
5.015%, (5.015% to 7-22-32, then SOFR + 2.160%), 07/22/2033		10,000		9,889
BCPE Ulysses Intermediate, Inc. 7.750%, (7.750% Cash or 8.500% PIK), 04/01/2027 (D)		59,000		46,315
Berkshire Hathaway Energy Company 2.850%, 05/15/2051		26,000		17,866
Biogen, Inc. 2.250%, 05/01/2030		35,000		29,468
Black Knight InfoServ LLC 3.625%, 09/01/2028 (D)		675,000		613,406
Blue Racer Midstream LLC 7.625%, 12/15/2025 (D)		10,000		9,900
Bon Secours Mercy Health, Inc.
2.095%, 06/01/2031		23,000		18,642
3.205%, 06/01/2050		20,000		14,158
BP Capital Markets America, Inc. 2.721%, 01/12/2032		30,000		26,158

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Broadcom Corp. 3.875%, 01/15/2027	$	74,000	$	71,536
Broadcom, Inc. 4.300%, 11/15/2032		189,000		174,134
Buckeye Partners LP
4.500%, 03/01/2028 (D)		85,000		76,732
8.835%, (3 month LIBOR + 4.020%), 01/22/2078 (G)		18,000		15,435
Builders FirstSource, Inc.
4.250%, 02/01/2032 (D)		160,000		139,422
5.000%, 03/01/2030 (D)		20,000		18,520
Caesars Entertainment, Inc.
7.000%, 02/15/2030 (D)		40,000		40,700
8.125%, 07/01/2027 (D)		244,000		248,880
Capital One Financial Corp.
2.359%, (2.359% to 7-29-31, then SOFR + 1.337%), 07/29/2032		130,000		92,885
5.817%, (5.817% to 2-1-33, then SOFR + 2.600%), 02/01/2034		115,000		111,127
Carnival Corp. 7.625%, 03/01/2026 (D)		81,000		73,913
CCO Holdings LLC
4.500%, 06/01/2033 (D)		21,000		16,906
5.375%, 06/01/2029 (D)		106,000		97,335
7.375%, 03/01/2031 (D)		155,000		152,578
Celanese US Holdings LLC 6.330%, 07/15/2029		40,000		40,440
CenterPoint Energy Houston Electric LLC 2.350%, 04/01/2031		47,000		40,083
CenterPoint Energy, Inc. 6.125%, (6.125% to 9-1-23, then 3 month LIBOR + 3.270%), 09/01/2023 (F)		33,000		31,226
CF Industries, Inc. 5.375%, 03/15/2044		115,000		103,811
Charter Communications Operating LLC
3.700%, 04/01/2051		40,000		25,599
3.900%, 06/01/2052		165,000		109,069
5.500%, 04/01/2063		170,000		137,952
Cheniere Energy Partners LP 3.250%, 01/31/2032		50,000		41,306
Citigroup, Inc.
3.106%, (3.106% to 4-8-25, then SOFR + 2.842%), 04/08/2026		69,000		65,966
4.412%, (4.412% to 3-31-30, then SOFR + 3.914%), 03/31/2031		22,000		20,893
7.375%, (7.375% to 5-15-28, then 5 Year CMT + 3.209%), 05/15/2028 (F)		65,000		63,970
Citizens Financial Group, Inc. 5.650%, (5.650% to 10-6-25, then 5 Year CMT + 5.313%), 10/06/2025 (F)		92,000		79,390
Clydesdale Acquisition Holdings, Inc.
6.625%, 04/15/2029 (D)		10,000		9,625
8.750%, 04/15/2030 (D)		169,000		153,577
CMS Energy Corp. 4.750%, (4.750% to 3-1-30, then 5 Year CMT + 4.116%), 06/01/2050		91,000		78,622
Coherent Corp. 5.000%, 12/15/2029 (D)		44,000		39,939
Comcast Corp.
2.800%, 01/15/2051		12,000		8,104
3.750%, 04/01/2040		42,000		36,053

 

167

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
CommonSpirit Health 3.817%, 10/01/2049	$	115,000	$	89,771
Community Health Network, Inc. 3.099%, 05/01/2050		220,000		144,872
Compass Group Diversified Holdings LLC 5.250%, 04/15/2029 (D)		75,000		66,031
Consolidated Edison Company of New York, Inc. 3.200%, 12/01/2051		40,000		28,783
Corebridge Financial, Inc.
3.850%, 04/05/2029		30,000		27,374
6.875%, (6.875% to 9-15-27, then 5 Year CMT + 3.846%), 12/15/2052 (D)		105,000		93,602
Crestwood Midstream Partners LP
6.000%, 02/01/2029 (D)		5,000		4,760
7.375%, 02/01/2031 (D)		170,000		170,000
Crocs, Inc. 4.125%, 08/15/2031 (D)		149,000		122,762
CSC Holdings LLC 4.125%, 12/01/2030 (D)		245,000		175,957
Dave & Buster's, Inc. 7.625%, 11/01/2025 (D)		40,000		40,763
Devon Energy Corp. 5.600%, 07/15/2041		110,000		105,358
Diamondback Energy, Inc. 6.250%, 03/15/2053		125,000		129,376
Discover Financial Services 6.125%, (6.125% to 6-23-25, then 5 Year CMT + 5.783%), 06/23/2025 (F)		88,000		81,227
Discovery Communications LLC 5.000%, 09/20/2037		22,000		19,407
DISH Network Corp. 11.750%, 11/15/2027 (D)		194,000		188,180
Dominion Energy South Carolina, Inc.
5.300%, 05/15/2033		12,000		12,440
6.625%, 02/01/2032		12,000		13,517
Dominion Energy, Inc.
4.350%, (4.350% to 1-15-27, then 5 Year CMT + 3.195%), 01/15/2027 (F)		153,000		126,570
4.650%, (4.650% to 12-15-24, then 5 Year CMT + 2.993%), 12/15/2024 (F)		45,000		39,534
4.850%, 08/15/2052		20,000		18,111
DT Midstream, Inc. 4.375%, 06/15/2031 (D)		215,000		187,306
DTE Electric Company 5.400%, 04/01/2053		25,000		26,192
Duke Energy Carolinas LLC 5.350%, 01/15/2053		105,000		109,180
Duke Energy Corp. 4.875%, (4.875% to 9-16-24, then 5 Year CMT + 3.388%), 09/16/2024 (F)		51,000		48,940
Duke Energy Indiana LLC 5.400%, 04/01/2053		50,000		50,919
Earthstone Energy Holdings LLC 8.000%, 04/15/2027 (D)		72,000		69,864
Edison International
5.375%, (5.375% to 3-15-26, then 5 Year CMT + 4.698%), 03/15/2026 (F)		36,000		31,836
6.950%, 11/15/2029		50,000		54,091

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Edison International (continued)
8.125%, (8.125% to 3-15-28, then 5 Year CMT + 3.864%), 06/15/2053	$	80,000	$	81,000
Elanco Animal Health, Inc. 6.650%, 08/28/2028		35,000		33,056
Elevance Health, Inc. 2.250%, 05/15/2030		29,000		24,899
Eli Lilly & Company 4.950%, 02/27/2063		35,000		36,011
Embarq Corp. 7.995%, 06/01/2036		246,000		103,320
Emera US Finance LP 4.750%, 06/15/2046		130,000		105,436
Energy Transfer LP
4.200%, 04/15/2027		15,000		14,372
4.750%, 01/15/2026		22,000		21,727
5.000%, 05/15/2050		10,000		8,535
EnLink Midstream LLC
5.625%, 01/15/2028 (D)		114,000		111,720
6.500%, 09/01/2030 (D)		103,000		104,155
EnLink Midstream Partners LP 5.450%, 06/01/2047		71,000		56,586
Enterprise Products Operating LLC
5.250%, (5.250% to 8-16-27, then 3 month LIBOR + 3.033%), 08/16/2077		18,000		15,221
7.858%, (3 month LIBOR + 2.986%), 08/16/2077 (G)		71,000		66,606
EQM Midstream Partners LP 4.750%, 01/15/2031 (D)		95,000		78,850
Exelon Corp. 5.600%, 03/15/2053		105,000		106,932
First Student Bidco, Inc. 4.000%, 07/31/2029 (D)		85,000		73,933
FirstCash, Inc.
4.625%, 09/01/2028 (D)		636,000		564,090
5.625%, 01/01/2030 (D)		175,000		161,438
FirstEnergy Corp.
5.100%, 07/15/2047		25,000		22,173
7.375%, 11/15/2031		40,000		44,868
Flex, Ltd. 4.875%, 05/12/2030		100,000		97,324
Freedom Mortgage Corp. 7.625%, 05/01/2026 (D)		28,000		22,501
Frontier Communications Holdings LLC
5.875%, 10/15/2027 (D)		66,000		60,001
6.750%, 05/01/2029 (D)		49,000		38,833
Gen Digital, Inc.
6.750%, 09/30/2027 (D)		20,000		20,104
7.125%, 09/30/2030 (D)		60,000		59,700
General Mills, Inc. 4.950%, 03/29/2033		5,000		5,078
General Motors Financial Company, Inc.
2.400%, 04/10/2028		47,000		41,036
4.350%, 01/17/2027		34,000		32,952
5.700%, (5.700% to 9-30-30, then 5 Year CMT + 4.997%), 09/30/2030 (F)		54,000		46,475
Glatfelter Corp. 4.750%, 11/15/2029 (D)		245,000		161,757
Gray Escrow II, Inc. 5.375%, 11/15/2031 (D)		105,000		69,720
Great Lakes Dredge & Dock Corp. 5.250%, 06/01/2029 (D)		400,000		302,304

 

168

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
GTCR AP Finance, Inc. 8.000%, 05/15/2027 (D)	$	50,000	$	47,715
Hanesbrands, Inc. 9.000%, 02/15/2031 (D)		135,000		138,206
Hawaiian Brand Intellectual Property, Ltd. 5.750%, 01/20/2026 (D)		59,171		56,174
HCA, Inc. 3.625%, 03/15/2032 (D)		35,000		30,854
Hess Corp.
5.800%, 04/01/2047		115,000		112,649
7.125%, 03/15/2033		35,000		38,802
Hightower Holding LLC 6.750%, 04/15/2029 (D)		120,000		101,599
Home Point Capital, Inc. 5.000%, 02/01/2026 (D)		360,000		270,110
HUB International, Ltd.
5.625%, 12/01/2029 (D)		85,000		74,058
7.000%, 05/01/2026 (D)		84,000		82,556
Humana, Inc.
5.700%, 03/13/2026		40,000		40,154
5.750%, 03/01/2028		15,000		15,578
Idaho Power Company 5.500%, 03/15/2053		105,000		109,123
Illumina, Inc. 5.750%, 12/13/2027		20,000		20,501
Indiana Michigan Power Company 5.625%, 04/01/2053		20,000		20,825
Intel Corp.
3.050%, 08/12/2051		15,000		10,242
4.900%, 08/05/2052		15,000		13,976
5.125%, 02/10/2030		30,000		30,554
5.700%, 02/10/2053		125,000		127,574
Intercontinental Exchange, Inc. 4.950%, 06/15/2052		40,000		38,892
International Flavors & Fragrances, Inc. 2.300%, 11/01/2030 (D)		50,000		40,125
JPMorgan Chase & Co.
3.109%, (3.109% to 4-22-50, then SOFR + 2.440%), 04/22/2051		15,000		10,616
3.882%, (3.882% to 7-24-37, then 3 month LIBOR + 1.360%), 07/24/2038		27,000		23,782
4.912%, (4.912% to 7-25-32, then SOFR + 2.080%), 07/25/2033		810,000		805,095
5.500%, 10/15/2040		27,000		27,895
KB Home
4.000%, 06/15/2031		15,000		12,994
4.800%, 11/15/2029		5,000		4,575
6.875%, 06/15/2027		10,000		10,161
Kenvue, Inc. 5.050%, 03/22/2053 (D)		20,000		20,612
KeySpan Gas East Corp. 5.994%, 03/06/2033 (D)		105,000		108,252
Kinder Morgan, Inc. 5.450%, 08/01/2052		115,000		106,780
Kraft Heinz Foods Company 4.875%, 10/01/2049		5,000		4,646
Kyndryl Holdings, Inc.
3.150%, 10/15/2031		105,000		80,307
4.100%, 10/15/2041		60,000		40,155
Ladder Capital Finance Holdings LLLP
4.250%, 02/01/2027 (D)		62,000		48,980
4.750%, 06/15/2029 (D)		30,000		21,685
5.250%, 10/01/2025 (D)		39,000		34,312

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
LBM Acquisition LLC 6.250%, 01/15/2029 (D)	$	74,000	$	56,634
LD Holdings Group LLC
6.125%, 04/01/2028 (D)		21,000		9,804
6.500%, 11/01/2025 (D)		26,000		16,380
Lear Corp. 3.800%, 09/15/2027		7,000		6,638
Lennar Corp. 4.750%, 11/29/2027		154,000		152,377
LFS Topco LLC 5.875%, 10/15/2026 (D)		60,000		52,297
Liberty Mutual Group, Inc.
3.950%, 05/15/2060 (D)		130,000		90,577
4.125%, (4.125% to 9-15-26, then 5 Year CMT + 3.315%), 12/15/2051 (D)		39,000		31,275
4.300%, 02/01/2061 (D)		380,000		225,331
Lithia Motors, Inc. 4.375%, 01/15/2031 (D)		95,000		81,819
M&T Bank Corp. 5.053%, (5.053% to 1-27-33, then SOFR + 1.850%), 01/27/2034		20,000		18,572
M/I Homes, Inc. 3.950%, 02/15/2030		61,000		51,710
Marsh & McLennan Companies, Inc. 5.450%, 03/15/2053		50,000		51,492
Mauser Packaging Solutions Holding Company 7.875%, 08/15/2026 (D)		15,000		15,000
McAfee Corp. 7.375%, 02/15/2030 (D)		38,000		31,863
Medline Borrower LP
3.875%, 04/01/2029 (D)		60,000		52,050
5.250%, 10/01/2029 (D)		230,000		199,551
MetLife, Inc. 5.000%, 07/15/2052		40,000		37,422
Metropolitan Edison Company 5.200%, 04/01/2028 (D)		5,000		5,051
Microsoft Corp. 3.450%, 08/08/2036		27,000		24,978
MidAmerican Energy Company 3.150%, 04/15/2050		9,000		6,598
Midcap Financial Issuer Trust 6.500%, 05/01/2028 (D)		60,000		51,041
Morgan Stanley
0.790%, (0.790% to 5-30-24, then SOFR + 0.525%), 05/30/2025		22,000		20,825
3.622%, (3.622% to 4-1-30, then SOFR + 3.120%), 04/01/2031		42,000		38,408
3.950%, 04/23/2027		12,000		11,601
5.948%, (5.948% to 1-19-33, then 5 Year CMT + 2.430%), 01/19/2038		37,000		36,793
MPLX LP 4.950%, 09/01/2032		50,000		48,898
MSCI, Inc.
3.625%, 09/01/2030 (D)		115,000		99,971
3.875%, 02/15/2031 (D)		160,000		142,416
Nabors Industries, Inc. 7.375%, 05/15/2027 (D)		55,000		53,866
National Rural Utilities Cooperative Finance Corp. 4.750%, (4.750% to 5-1-23, then 3 month LIBOR + 2.910%), 04/30/2043		34,000		32,765
Nationstar Mortgage Holdings, Inc.
5.125%, 12/15/2030 (D)		55,000		42,263

 

169

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Nationstar Mortgage Holdings, Inc. (continued)
5.750%, 11/15/2031 (D)	$	526,000	$	407,999
NCL Corp., Ltd. 7.750%, 02/15/2029 (D)		138,000		118,326
New York Life Global Funding 3.600%, 08/05/2025 (D)		40,000		39,006
NextEra Energy Capital Holdings, Inc. 5.250%, 02/28/2053		110,000		108,418
Nordstrom, Inc. 2.300%, 04/08/2024		35,000		33,425
Northern States Power Company 2.600%, 06/01/2051		7,000		4,649
Northwestern Mutual Global Funding 4.350%, 09/15/2027 (D)		25,000		24,773
Novelis Corp. 4.750%, 01/30/2030 (D)		110,000		101,067
NRG Energy, Inc.
7.000%, 03/15/2033 (D)		105,000		108,772
10.250%, (10.250% to 3-15-28, then 5 Year CMT + 5.920%), 03/15/2028 (D)(F)		33,000		31,535
Occidental Petroleum Corp.
4.500%, 07/15/2044		30,000		24,000
6.450%, 09/15/2036		98,000		103,040
Oklahoma Gas and Electric Company 5.600%, 04/01/2053 (B)		100,000		102,738
OneMain Finance Corp. 6.625%, 01/15/2028		50,000		45,841
Open Text Holdings, Inc. 4.125%, 12/01/2031 (D)		87,000		71,775
Oracle Corp.
3.600%, 04/01/2050		90,000		63,837
6.500%, 04/15/2038		50,000		54,182
OT Merger Corp. 7.875%, 10/15/2029 (D)		130,000		76,704
Owens & Minor, Inc. 6.625%, 04/01/2030 (D)		105,000		90,169
Pacific Gas & Electric Company
4.950%, 07/01/2050		63,000		51,903
6.750%, 01/15/2053		100,000		103,336
Paramount Global
4.375%, 03/15/2043		135,000		95,932
4.950%, 05/19/2050		115,000		86,075
5.250%, 04/01/2044		22,000		17,504
6.250%, (6.250% to 2-28-27, then 3 month LIBOR + 3.899%), 02/28/2057		95,000		71,093
6.375%, (6.375% to 3-30-27, then 5 Year CMT + 3.999%), 03/30/2062		39,000		30,908
Pennsylvania Electric Company 5.150%, 03/30/2026 (D)		5,000		5,022
PennyMac Financial Services, Inc.
4.250%, 02/15/2029 (D)		430,000		342,216
5.750%, 09/15/2031 (D)		28,000		22,173
Performance Food Group, Inc. 4.250%, 08/01/2029 (D)		115,000		103,267
Philip Morris International, Inc.
5.750%, 11/17/2032		5,000		5,247
6.375%, 05/16/2038		25,000		27,333
Plains All American Pipeline LP 3.800%, 09/15/2030		59,000		52,576
Post Holdings, Inc.
4.625%, 04/15/2030 (D)		190,000		170,288
5.500%, 12/15/2029 (D)		78,000		73,502

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
PPL Capital Funding, Inc. 7.828%, (3 month LIBOR + 2.665%), 03/30/2067 (G)	$	36,000	$	31,128
Presidio Holdings, Inc. 8.250%, 02/01/2028 (D)		270,000		256,549
Prudential Financial, Inc. 6.750%, (6.750% to 3-1-33, then 5 Year CMT + 2.848%), 03/01/2053		65,000		63,219
Public Service Company of Colorado 5.250%, 04/01/2053		70,000		71,302
Qualcomm, Inc. 4.500%, 05/20/2052		20,000		18,639
Range Resources Corp.
4.750%, 02/15/2030 (D)		15,000		13,673
8.250%, 01/15/2029		5,000		5,270
Regal Rexnord Corp. 6.050%, 02/15/2026 (D)		10,000		10,044
Reinsurance Group of America, Inc. 7.531%, (3 month LIBOR + 2.665%), 12/15/2065 (G)		37,000		31,450
Royal Caribbean Cruises, Ltd.
5.500%, 08/31/2026 (D)		114,000		106,653
7.250%, 01/15/2030 (D)		54,000		54,338
11.625%, 08/15/2027 (D)		33,000		35,443
Royalty Pharma PLC 3.300%, 09/02/2040		21,000		15,218
S&P Global, Inc. 2.700%, 03/01/2029		10,000		9,098
San Diego Gas & Electric Company 5.350%, 04/01/2053		120,000		123,582
Santander Holdings USA, Inc.
3.450%, 06/02/2025		37,000		34,637
6.499%, (6.499% to 3-9-28, then SOFR + 2.356%), 03/09/2029		41,000		40,962
Sempra Energy 4.875%, (4.875% to 10-15-25, then 5 Year CMT + 4.550%), 10/15/2025 (F)		136,000		127,373
Signal Parent, Inc. 6.125%, 04/01/2029 (D)		212,000		84,800
Simon Property Group LP 5.850%, 03/08/2053		310,000		308,397
Southern California Edison Company 4.875%, 03/01/2049		20,000		18,506
SRS Distribution, Inc. 6.125%, 07/01/2029 (D)		85,000		71,715
Standard Industries, Inc.
3.375%, 01/15/2031 (D)		58,000		46,614
4.375%, 07/15/2030 (D)		392,000		341,040
STL Holding Company LLC 7.500%, 02/15/2026 (D)		100,000		87,500
Sutter Health 4.091%, 08/15/2048		105,000		88,263
Synchrony Financial 7.250%, 02/02/2033		205,000		180,851
Sysco Corp. 6.600%, 04/01/2040		140,000		154,395
Targa Resources Corp.
4.200%, 02/01/2033		40,000		35,988
6.250%, 07/01/2052		20,000		19,716
Terex Corp. 5.000%, 05/15/2029 (D)		200,000		186,102
The Bank of New York Mellon Corp. 4.700%, (4.700% to 9-20-25, then 5 Year CMT + 4.358%), 09/20/2025 (F)		33,000		31,227

 

170

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
The Boeing Company 5.805%, 05/01/2050	$	30,000	$	30,200
The Charles Schwab Corp.
2.900%, 03/03/2032		15,000		12,555
5.375%, (5.375% to 6-1-25, then 5 Year CMT + 4.971%), 06/01/2025 (F)		66,000		62,535
The Dun & Bradstreet Corp. 5.000%, 12/15/2029 (D)		190,000		164,515
The Estee Lauder Companies, Inc.
1.950%, 03/15/2031		25,000		20,982
6.000%, 05/15/2037		15,000		16,830
The Gap, Inc.
3.625%, 10/01/2029 (D)		183,000		130,517
3.875%, 10/01/2031 (D)		347,000		240,773
The Goldman Sachs Group, Inc. 4.482%, (4.482% to 8-23-27, then SOFR + 1.725%), 08/23/2028		42,000		41,078
The Hertz Corp. 5.000%, 12/01/2029 (D)		59,000		48,865
The Home Depot, Inc.
2.375%, 03/15/2051		2,000		1,259
3.625%, 04/15/2052		30,000		24,143
4.950%, 09/15/2052		25,000		24,977
The Michaels Companies, Inc. 7.875%, 05/01/2029 (D)		65,000		45,500
The Southern Company
3.700%, 04/30/2030		25,000		23,384
3.750%, (3.750% to 6-15-26, then 5 Year CMT + 2.915%), 09/15/2051		40,000		33,554
4.000%, (4.000% to 10-15-25, then 5 Year CMT + 3.733%), 01/15/2051		69,000		63,303
4.400%, 07/01/2046		40,000		34,860
The Toledo Hospital 5.750%, 11/15/2038		100,000		97,682
The William Carter Company 5.625%, 03/15/2027 (D)		393,000		381,980
T-Mobile USA, Inc. 3.750%, 04/15/2027		32,000		30,761
TopBuild Corp. 3.625%, 03/15/2029 (D)		90,000		76,977
TransDigm, Inc. 6.250%, 03/15/2026 (D)		195,000		195,177
Transocean, Inc. 8.750%, 02/15/2030 (D)		15,000		15,300
Truist Financial Corp. 4.950%, (4.950% to 9-1-25, then 5 Year CMT + 4.605%), 09/01/2025 (F)		70,000		64,700
U.S. Steel Corp. 6.875%, 03/01/2029 (I)		71,000		71,000
Uber Technologies, Inc. 4.500%, 08/15/2029 (D)		109,000		99,326
Union Electric Company 5.450%, 03/15/2053		35,000		36,586
United Parcel Service, Inc. 5.050%, 03/03/2053		310,000		318,875
United Wholesale Mortgage LLC 5.500%, 04/15/2029 (D)		544,000		454,240
UnitedHealth Group, Inc.
3.750%, 10/15/2047		27,000		22,659
5.350%, 02/15/2033		30,000		31,884
Venture Global Calcasieu Pass LLC
4.125%, 08/15/2031 (D)		118,000		103,672
6.250%, 01/15/2030 (D)		40,000		40,300

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Verizon Communications, Inc.
2.100%, 03/22/2028	$	37,000	$	32,960
3.400%, 03/22/2041		22,000		17,491
4.000%, 03/22/2050		10,000		8,320
4.016%, 12/03/2029		69,000		66,051
VICI Properties LP 5.625%, 05/15/2052		30,000		27,014
Virginia Electric and Power Company 5.450%, 04/01/2053		45,000		45,952
WarnerMedia Holdings, Inc.
3.755%, 03/15/2027 (D)		50,000		47,086
5.050%, 03/15/2042 (D)		32,000		26,766
5.141%, 03/15/2052 (D)		21,000		17,015
Weatherford International, Ltd. 8.625%, 04/30/2030 (D)		30,000		30,692
WEC Energy Group, Inc. 6.976%, (3 month LIBOR + 2.113%), 05/15/2067 (G)		20,000		16,072
Wells Fargo & Company
3.900%, (3.900% to 3-15-26, then 5 Year CMT + 3.453%), 03/15/2026 (F)		76,000		67,086
4.808%, (4.808% to 7-25-27, then SOFR + 1.980%), 07/25/2028		40,000		39,499
4.897%, (4.897% to 7-25-32, then SOFR + 2.100%), 07/25/2033		410,000		400,210
Western Midstream Operating LP
4.300%, 02/01/2030		123,000		111,966
6.150%, 04/01/2033		30,000		30,407
Xcel Energy, Inc. 3.400%, 06/01/2030		29,000		26,477
Zayo Group Holdings, Inc. 4.000%, 03/01/2027 (D)		95,000		72,200
				25,029,683
TOTAL CORPORATE BONDS (Cost $37,872,649)			$	35,106,993
CONVERTIBLE BONDS - 3.8%
Canada - 0.0%
Shopify, Inc. 0.125%, 11/01/2025		75,000		65,925
China - 0.4%
NIO, Inc. 0.500%, 02/01/2027		502,000		396,594
Smart Insight International, Ltd. 4.500%, 12/05/2023	HKD	2,000,000		212,869
				609,463
Israel - 0.0%
SolarEdge Technologies, Inc., Zero Coupon 0.000%, 09/15/2025	$	24,000		31,104
Italy - 0.1%
Nexi SpA 1.750%, 04/24/2027	EUR	100,000		92,996
Luxembourg - 0.1%
Arrival SA 3.500%, 12/01/2026 (D)	$	515,000		151,925
Singapore - 0.2%
Sea, Ltd. 0.250%, 09/15/2026		435,000		340,823
United States - 3.0%
3D Systems Corp. 8.203%, 11/15/2026 (C)		16,000		11,970
Affirm Holdings, Inc. 12.772%, 11/15/2026 (C)		70,000		44,975

 

171

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
United States (continued)
Airbnb, Inc. 4.572%, 03/15/2026 (C)	$	151,000	$	132,050
Alarm.com Holdings, Inc. 6.177%, 01/15/2026 (C)		105,000		88,587
Apellis Pharmaceuticals, Inc. 3.500%, 09/15/2026		60,000		111,488
Bandwidth, Inc.
0.250%, 03/01/2026		62,000		47,787
0.500%, 04/01/2028		90,000		57,600
Bentley Systems, Inc. 0.125%, 01/15/2026		85,000		80,491
Beyond Meat, Inc. 43.829%, 03/15/2027 (C)		130,000		30,225
BILL Holdings, Inc. 6.410%, 04/01/2027 (C)		20,000		15,540
Block, Inc.
0.125%, 03/01/2025		17,000		16,244
0.250%, 11/01/2027		127,000		97,155
Bloomin' Brands, Inc. 5.000%, 05/01/2025		6,000		13,575
Cardlytics, Inc. 1.000%, 09/15/2025		50,000		20,875
Carnival Corp. 5.750%, 12/01/2027 (D)		20,000		21,590
Ceridian HCM Holding, Inc. 0.250%, 03/15/2026		154,000		138,125
Cracker Barrel Old Country Store, Inc. 0.625%, 06/15/2026		70,000		62,825
Datadog, Inc. 0.125%, 06/15/2025		70,000		75,565
Dexcom, Inc. 0.250%, 11/15/2025		23,000		24,637
DigitalOcean Holdings, Inc. 6.705%, 12/01/2026 (C)		77,000		60,465
DraftKings Holdings, Inc. 7.593%, 03/15/2028 (C)		144,000		99,648
Dropbox, Inc. 2.867%, 03/01/2028 (C)		110,000		95,525
Etsy, Inc.
0.125%, 10/01/2026		15,000		21,454
0.250%, 06/15/2028		120,000		99,039
Euronet Worldwide, Inc. 0.750%, 03/15/2049		20,000		19,250
Exact Sciences Corp. 0.375%, 03/15/2027 to 03/01/2028		180,000		162,509
Health Catalyst, Inc. 2.500%, 04/15/2025		5,000		4,537
JetBlue Airways Corp. 0.500%, 04/01/2026		377,000		289,159
John Bean Technologies Corp. 0.250%, 05/15/2026		119,000		108,469
Lumentum Holdings, Inc. 0.500%, 06/15/2028		60,000		45,683
Nabors Industries, Inc.
0.750%, 01/15/2024		16,000		15,240
1.750%, 06/15/2029 (D)		30,000		25,980
NCL Corp., Ltd. 2.500%, 02/15/2027		58,000		43,529
Nutanix, Inc. 0.250%, 10/01/2027		30,000		25,001
NuVasive, Inc. 0.375%, 03/15/2025		260,000		229,580
Oak Street Health, Inc. 0.492%, 03/15/2026 (C)		23,000		22,664

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
United States (continued)
Okta, Inc. 0.125%, 09/01/2025	$	80,000	$	72,120
ON Semiconductor Corp. 0.500%, 03/01/2029 (D)		16,000		16,634
PAR Technology Corp. 1.500%, 10/15/2027		15,000		11,790
Patrick Industries, Inc. 1.750%, 12/01/2028		32,000		28,896
Pebblebrook Hotel Trust 1.750%, 12/15/2026		75,000		63,486
Pegasystems, Inc. 0.750%, 03/01/2025		112,000		99,288
Penn Entertainment, Inc. 2.750%, 05/15/2026		10,000		14,370
Pioneer Natural Resources Company 0.250%, 05/15/2025		18,000		38,430
PPL Capital Funding, Inc. 2.875%, 03/15/2028 (D)		65,000		65,240
Rapid7, Inc. 0.250%, 03/15/2027		80,000		69,483
Redfin Corp. 0.500%, 04/01/2027		180,000		110,429
Repay Holdings Corp. 10.314%, 02/01/2026 (C)(D)		475,000		357,913
RingCentral, Inc. 6.754%, 03/01/2025 (C)		80,000		70,440
Shake Shack, Inc. 6.750%, 03/01/2028 (C)		15,000		10,827
Shift4 Payments, Inc. 0.500%, 08/01/2027		370,000		349,095
Snap, Inc. 0.125%, 03/01/2028		560,000		392,840
Southwest Airlines Company 1.250%, 05/01/2025		47,000		53,392
Splunk, Inc. 1.125%, 06/15/2027		149,000		127,321
Spotify USA, Inc. 6.110%, 03/15/2026 (C)		90,000		75,330
Stem, Inc. 0.500%, 12/01/2028 (D)		135,000		76,268
Team, Inc. 5.000%, 08/01/2023		10,000		8,840
Teladoc Health, Inc. 1.250%, 06/01/2027		57,000		43,964
The Greenbrier Companies, Inc. 2.875%, 04/15/2028		75,000		63,638
The Middleby Corp. 1.000%, 09/01/2025		24,000		29,766
Uber Technologies, Inc. 4.768%, 12/15/2025 (C)		144,000		126,688
Western Digital Corp. 1.500%, 02/01/2024		25,000		24,100
				4,859,624
TOTAL CONVERTIBLE BONDS (Cost $6,998,644)			$	6,151,860
MUNICIPAL BONDS - 2.1%
United States - 2.1%
Chicago Transit Authority (Illinois) 3.912%, 12/01/2040		60,000		52,487
Chicago Transit Authority (Illinois) 3.502%, 12/01/2033		435,000		390,810
Chicago Transit Authority, Series A (Illinois) 6.899%, 12/01/2040		55,000		63,518

 

172

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
United States (continued)
City & County of Denver Company Airport System Revenue (Colorado) 2.717%, 11/15/2034	$	105,000	$	86,079
City & County of Denver Company Airport System Revenue (Colorado) 2.867%, 11/15/2037		75,000		59,592
City of Houston Airport System Revenue (Texas) 2.385%, 07/01/2031		240,000		201,646
City of San Antonio Electric & Gas Systems Revenue (Texas) 4.365%, 02/01/2042		95,000		87,882
City of San Antonio Electric & Gas Systems Revenue (Texas) 4.445%, 02/01/2047		100,000		90,892
Commonwealth of Massachusetts, GO 2.514%, 07/01/2041		625,000		474,441
County of Broward Port Facilities Revenue (Florida) 5.000%, 09/01/2028		150,000		165,503
County of Miami-Dade Aviation Revenue (Florida) 2.786%, 10/01/2037		200,000		154,523
County of Miami-Dade Aviation Revenue (Florida) 3.270%, 10/01/2041		50,000		39,798
Dallas Fort Worth International Airport (Texas) 3.089%, 11/01/2040		130,000		103,493
Dallas Fort Worth International Airport (Texas) 4.087%, 11/01/2051		50,000		43,166
District of Columbia 3.432%, 04/01/2042		405,000		331,048
Grand Parkway Transportation Corp. (Texas) 3.236%, 10/01/2052		190,000		142,245
Metropolitan Transportation Authority (New York) 6.668%, 11/15/2039		15,000		16,154
New York City Transitional Finance Authority 4.750%, 02/01/2029		45,000		45,142
Port Authority of New York & New Jersey 4.823%, 06/01/2045		140,000		135,674
Regents of the University of California Medical Center Pooled Revenue 4.563%, 05/15/2053		140,000		128,370
Sales Tax Securitization Corp. (Illinois) 3.238%, 01/01/2042		25,000		19,892
San Diego County Regional Transportation Commission (California) 3.248%, 04/01/2048		75,000		58,702
San Francisco City & County Airport Commission (California) 5.000%, 05/01/2050		325,000		335,332
San Francisco City & County Airport Commission (California) 2.958%, 05/01/2051		155,000		104,445

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
United States (continued)
State of Illinois, GO 5.100%, 06/01/2033	$	40,000	$	39,903
Wisconsin Center District 4.173%, 12/15/2050		65,000		53,335
TOTAL MUNICIPAL BONDS (Cost $4,117,962)			$	3,424,072
TERM LOANS (J) - 3.9%
Luxembourg - 0.1%
Delta 2 Lux Sarl, Term Loan B (1 month SOFR + 3.250%) 8.057%, 01/15/2030		140,000		140,059
Sunshine Luxembourg VII Sarl, 2021 Term Loan B3 (3 month LIBOR + 3.750%) 8.909%, 10/01/2026		97,753		96,715
				236,774
Netherlands - 0.1%
Boels Topholding BV, 2021 EUR Term Loan B (1 month EURIBOR + 3.250%) 5.901%, 02/06/2027	EUR	155,000		164,231
Sweden - 0.1%
Verisure Holding AB, 2020 EUR Term Loan B (3 month EURIBOR + 3.250%) 5.643%, 07/20/2026		155,000		162,192
United States - 3.6%
Aramark Services, Inc., 2018 Term Loan B3 (1 month LIBOR + 1.750%) 6.590%, 03/11/2025	$	125,000		124,531
Artera Services LLC, Incremental Term Loan (3 month LIBOR + 3.500%) 8.659%, 03/06/2025		98,250		82,916
Asurion LLC, 2020 Term Loan B8 (1 month LIBOR + 3.250%) 8.090%, 12/23/2026		145,227		134,387
Asurion LLC, 2021 2nd Lien Term Loan B3 (1 month LIBOR + 5.250%) 10.090%, 01/31/2028		145,000		120,205
Avantor Funding, Inc., 2021 Term Loan B5 (1 month LIBOR + 2.250%) 7.090%, 11/08/2027		109,331		109,109
Berlin Packaging LLC, 2021 Term Loan B5 (1 and 3 month LIBOR + 3.750%) 8.445%, 03/11/2028		167,450		164,610
Brown Group Holding LLC, Term Loan B (1 month SOFR + 2.500%) 7.359%, 06/07/2028		172,191		170,469
Caesars Entertainment, Inc., Term Loan B (1 month SOFR + 3.250%) 8.157%, 02/06/2030		105,000		104,329
Carnival Corp., 2021 Incremental Term Loan B (1 month LIBOR + 3.250%) 8.081%, 10/18/2028		162,938		158,915
Charter Communications Operating LLC, 2019 Term Loan B2 (1 month SOFR + 1.750%) 6.557%, 02/01/2027		145,477		143,954
Clarios Global LP, 2021 USD Term Loan B (1 month LIBOR + 3.250%) 8.109%, 04/30/2026		169,891		168,617
Crocs, Inc., Term Loan B (1 month SOFR + 3.500%) 8.407%, 02/20/2029		128,250		127,690
Dcert Buyer, Inc., 2019 Term Loan B (3 month SOFR + 4.000%) 8.696%, 10/16/2026		194,000		189,575
DT Midstream, Inc., Term Loan B (1 month LIBOR + 2.000%) 6.845%, 06/26/2028		51,913		51,848

 

173

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (J) (continued)
United States (continued)
EG America LLC, 2021 Term Loan (1 month LIBOR + 4.250%) 9.409%, 03/31/2026	$	98,676	$	94,112
Elanco Animal Health, Inc., Term Loan B (1 month LIBOR + 1.750%) 6.412%, 08/01/2027		104,299		101,878
Epicor Software Corp., 2020 Term Loan (1 month LIBOR + 3.250%) 8.090%, 07/30/2027		132,676		130,082
Gainwell Acquisition Corp., Term Loan B (3 month SOFR + 4.000%) 8.998%, 10/01/2027		112,413		107,073
Great Outdoors Group LLC, 2021 Term Loan B1 (1 month LIBOR + 3.750%) 8.590%, 03/06/2028		273,732		269,798
Hanesbrands, Inc., 2023 Term Loan B (1 month SOFR + 3.750%) 8.626%, 03/08/2030		100,000		99,500
HUB International, Ltd., 2018 Term Loan B (3 month LIBOR + 3.000%) 8.159%, 04/25/2025		142,273		141,686
HUB International, Ltd., 2021 Term Loan B 04/25/2025 TBD (K)		29,923		29,822
Hyland Software, Inc., 2018 1st Lien Term Loan (1 month LIBOR + 3.500%) 8.340%, 07/01/2024		160,791		158,736
IRB Holding Corp., 2022 Term Loan B (1 month SOFR + 3.000%) 7.737%, 12/15/2027		197,492		193,872
LBM Acquisition LLC, Term Loan B (6 month LIBOR + 3.750%) 8.960%, 12/17/2027		201,574		189,322
McAfee Corp., 2022 USD Term Loan B (1 month SOFR + 3.750%) 8.515%, 03/01/2029		129,025		120,961
Medline Borrower LP, USD Term Loan B (1 month LIBOR + 3.250%) 8.090%, 10/23/2028		202,950		197,655
MH Sub I LLC, 2020 Incremental Term Loan (1 week LIBOR + 3.750%) 8.590%, 09/13/2024		98,481		96,697
Oryx Midstream Services Permian Basin LLC, Term Loan B (1 and 3 month SOFR + 3.250%) 8.039%, 10/05/2028		97,800		95,991
Pathway Vet Alliance LLC, 2021 Term Loan (1 month LIBOR + 3.750%) 8.602%, 03/31/2027		121,317		106,084
Polaris Newco LLC, USD Term Loan B (3 month LIBOR + 4.000%) 9.159%, 06/02/2028		118,200		107,529
Quikrete Holdings, Inc., 2016 1st Lien Term Loan (1 month LIBOR + 2.625%) 7.465%, 02/01/2027		193,500		190,356
Sedgwick Claims Management Services, Inc., 2023 Term Loan B (1 month SOFR + 3.750%) 8.626%, 02/17/2028		100,000		98,604
SRS Distribution, Inc., 2021 Term Loan B (1 month LIBOR + 3.500%) 8.340%, 06/02/2028		152,675		147,141
SS&C Technologies, Inc., 2018 Term Loan B3 (1 month LIBOR + 1.750%) 6.590%, 04/16/2025		87,030		86,728

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (J) (continued)
United States (continued)
SS&C Technologies, Inc., 2018 Term Loan B4 (1 month LIBOR + 1.750%) 6.590%, 04/16/2025	$	77,177	$	76,909
Surgery Center Holdings, Inc., 2021 Term Loan (1 month LIBOR + 3.750%) 8.460%, 08/31/2026		87,207		86,573
Tecta America Corp., 2021 Term Loan (1 month SOFR + 4.000%) 8.922%, 04/10/2028		127,725		124,979
The Dun & Bradstreet Corp., Term Loan (1 month LIBOR + 3.250%) 8.095%, 02/06/2026		102,048		101,750
The Michaels Companies, Inc., 2021 Term Loan B (3 month LIBOR + 4.250%) 9.409%, 04/15/2028		127,725		116,941
TransDigm, Inc., 2020 Term Loan E (3 month LIBOR + 2.250%) 7.409%, 05/30/2025		166,331		165,957
UFC Holdings LLC, 2021 Term Loan B (3 month LIBOR + 2.750%) 7.570%, 04/29/2026		176,857		175,723
UKG, Inc., Term Loan B (3 month LIBOR + 3.750%) 8.575%, 05/04/2026		145,477		142,914
USI, Inc., 2022 Incremental Term Loan (3 month SOFR + 3.750%) 8.648%, 11/22/2029		79,600		79,216
Virgin Media Bristol LLC, 2020 USD Term Loan Q (1 month LIBOR + 3.250%) 7.934%, 01/31/2029		145,000		143,206
WW International, Inc., 2021 Term Loan B (1 month LIBOR + 3.500%) 8.350%, 04/13/2028		94,500		53,747
				5,882,697
TOTAL TERM LOANS (Cost $6,625,036)			$	6,445,894
COLLATERALIZED MORTGAGE OBLIGATIONS - 3.6%
Commercial and residential - 1.4%
Angel Oak Mortgage Trust, Series 2020-3, Class M1, 3.809%, 04/25/2065 (D)(L)		180,000		158,957
ANTLR Mortgage Trust, Series 2021-RTL1, Class A1 (2.115% to 10-25-23, then 3.115% thereafter), 2.115%, 11/25/2024 (D)		125,000		122,733
BANK
Series 2020-BN25, Class AS, 2.841%, 01/15/2063		60,000		50,086
Series 2021-BN35, Class XA IO, 1.045%, 06/15/2064		1,320,348		78,107
Series 2021-BN37, Class XA IO, 0.606%, 11/15/2064		995,157		33,136
Benchmark Mortgage Trust
Series 2018-B1, Class AM, 3.878%, 01/15/2051 (L)		85,000		76,603
Series 2019-B10, Class XA IO, 1.220%, 03/15/2062		561,919		28,288
Series 2020-B16, Class AM, 2.944%, 02/15/2053 (L)		60,000		50,170
BRAVO Residential Funding Trust
Series 2020-NQM1, Class M1, 3.181%, 05/25/2060 (D)(L)		180,000		162,938
Series 2021-NQM1, Class M1, 2.316%, 02/25/2049 (D)(L)		100,000		72,054

 

174

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BX Commercial Mortgage Trust, Series 2020-VKNG, Class F (1 month CME Term SOFR + 2.864%), 7.692%, 10/15/2037 (D)(G)	$	189,000	$	177,549
BX Trust
Series 2021-ARIA, Class C (1 month LIBOR + 1.646%), 6.330%, 10/15/2036 (D)(G)		25,000		23,370
Series 2021-MFM1, Class D (1 month CME Term SOFR + 1.614%), 6.441%, 01/15/2034 (D)(G)		49,733		46,737
CAMB Commercial Mortgage Trust, Series 2019-LIFE, Class E (1 month LIBOR + 2.150%), 6.834%, 12/15/2037 (D)(G)		120,000		115,779
GS Mortgage Securities Trust, Series 2017-GS6, Class C, 4.322%, 05/10/2050 (L)		25,000		20,880
LHOME Mortgage Trust, Series 2021-RTL2, Class A1 (2.090% to 1-25-24, then 3.090% thereafter), 2.090%, 06/25/2026 (D)		155,000		148,757
MFA Trust, Series 2023-NQM1, Class A1 (5.750% to 1-1-27, then 6.750% thereafter), 5.750%, 11/25/2067 (D)		98,386		97,551
NYMT Loan Trust I, Series 2021-BPL1, Class A1 (2.239% to 5-25-24, then 4.239% thereafter), 2.239%, 05/25/2026 (D)		230,000		220,129
OBX Trust, Series 2022-NQM5, Class A1 (4.310% to 5-1-26, then 5.310% thereafter), 4.310%, 05/25/2062 (D)		116,074		110,727
PRPM LLC, Series 2021-5, Class A1 (1.793% to 6-25-24, then 4.793% to 6-25-25, then 5.793% thereafter), 1.793%, 06/25/2026 (D)		112,475		105,711
Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class AS (1 month LIBOR + 1.500%), 6.345%, 11/25/2036 (D)(G)		55,000		53,019
Verus Securitization Trust
Series 2020-5, Class M1, 2.601%, 05/25/2065 (D)(L)		100,000		81,558
Series 2020-INV1, Class A3, 3.889%, 03/25/2060 (D)(L)		100,000		94,482
Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.500%, 07/25/2049 (D)(L)		15,568		14,081
WF-RBS Commercial Mortgage Trust, Series 2011-C4, Class C, 4.845%, 06/15/2044 (D)(L)		103,559		100,186
				2,243,588
U.S. Government Agency - 2.2%
Federal Home Loan Mortgage Corp.
Series 2020-DNA6, Class B1 (1 month SOFR + 3.000%), 7.560%, 12/25/2050 (D)(G)		35,000		33,332
Series 2020-HQA3, Class B1 (1 month LIBOR + 5.750%), 10.595%, 07/25/2050 (D)(G)		186,508		197,673

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 2021-DNA6, Class M2 (1 month SOFR + 1.500%), 6.060%, 10/25/2041 (D)(G)	$	188,000	$	178,879
Series 2021-HQA1, Class M2 (1 month SOFR + 2.250%), 6.810%, 08/25/2033 (D)(G)		185,000		178,085
Series 2021-HQA3, Class M2 (1 month SOFR + 2.100%), 6.660%, 09/25/2041 (D)(G)		355,000		319,517
Series 2021-HQA4, Class M2 (1 month SOFR + 2.350%), 6.910%, 12/25/2041 (D)(G)		210,000		189,009
Series 2022-DNA1, Class B1 (1 month SOFR + 3.400%), 7.960%, 01/25/2042 (D)(G)		175,000		158,812
Series 2022-DNA1, Class M2 (1 month SOFR + 2.500%), 7.060%, 01/25/2042 (D)(G)		185,000		170,663
Series 2022-DNA2, Class M2 (1 month SOFR + 3.750%), 8.310%, 02/25/2042 (D)(G)		150,000		144,379
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%), 7.460%, 04/25/2042 (D)(G)		60,000		59,551
Series 2022-DNA5, Class M2 (1 month SOFR + 6.750%), 11.310%, 06/25/2042 (D)(G)		75,000		79,500
Series 2022-HQA1, Class M1B (1 month SOFR + 3.500%), 8.060%, 03/25/2042 (D)(G)		20,000		19,850
Series 2022-HQA1, Class M2 (1 month SOFR + 5.250%), 9.810%, 03/25/2042 (D)(G)		560,000		551,878
Series 2022-HQA3, Class M1B (1 month SOFR + 3.550%), 8.110%, 08/25/2042 (D)(G)		60,000		58,650
Series 2023-DNA1, Class M2 (1 month SOFR + 5.500%), 10.058%, 03/25/2043 (D)(G)		35,000		34,916
Series 324, Class C18 IO, 4.000%, 12/15/2033		224,842		24,657
Series 4446, Class BI IO, 6.500%, 04/15/2039		92,386		18,471
Series K103, Class X1 IO, 0.639%, 11/25/2029		1,021,716		35,552
Series K106, Class X3 IO, 1.921%, 03/25/2048		490,000		49,426
Series K122, Class X1 IO, 0.881%, 11/25/2030		99,550		5,129
Series K129, Class X3 IO, 3.164%, 05/25/2031		165,000		31,431
Series K737, Class X1 IO, 0.637%, 10/25/2026		488,828		8,596
Series K740, Class X3 IO, 2.478%, 11/25/2047		135,000		12,438
Series K742, Class X3, IO, 2.595%, 04/25/2028		100,000		10,412
Series Q014, Class X IO, 2.792%, 10/25/2055		155,652		28,980

 

175

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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 National Mortgage Association
Series 2018-C05, Class 1B1 (1 month LIBOR + 4.250%), 9.095%, 01/25/2031 (G)	$	230,000	$	242,208
Series 2021-67, Class IG IO, 3.000%, 10/25/2051		141,963		21,976
Series 2022-R02, Class 2B1 (1 month SOFR + 4.500%), 9.060%, 01/25/2042 (D)(G)		175,000		166,332
Series 2022-R03, Class 1B1 (1 month SOFR + 6.250%), 10.810%, 03/25/2042 (D)(G)		69,000		71,113
Series 2022-R03, Class 1M2 (1 month SOFR + 3.500%), 8.060%, 03/25/2042 (D)(G)		59,000		59,367
Series 2022-R04, Class 1B1 (1 month SOFR + 5.250%), 9.810%, 03/25/2042 (D)(G)		165,000		167,529
Series 2022-R05, Class 2B1 (1 month SOFR + 4.500%), 9.060%, 04/25/2042 (D)(G)		70,000		68,098
Series 2023-R01, Class 1B1 (1 month SOFR + 5.100%), 9.668%, 12/25/2042 (D)(G)		20,000		19,852
Series 2023-R02, Class 1M2 (1 month SOFR + 3.350%), 7.918%, 01/25/2043 (D)(G)		40,000		39,855
Series 410, Class C8 IO, 4.000%, 04/25/2032		136,430		14,405
Government National Mortgage Association
Series 2015-62, Class CI IO, 4.500%, 05/20/2045		135,970		24,911
Series 2017-130, Class IO, 4.500%, 02/20/2040		142,213		22,919
Series 2018-168, Class AI IO, 5.000%, 12/16/2048		121,119		23,018
				3,541,369
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $5,972,219)			$	5,784,957
ASSET BACKED SECURITIES - 3.2%
Arbor Realty Commercial Real Estate Notes, Ltd., Series 2021-FL3, Class B (1 month LIBOR + 1.600%), 6.284%, 08/15/2034 (D)(G)		110,000		105,990
Bain Capital Credit CLO, Ltd., Series 2020-5A, Class E (3 month LIBOR + 6.900%), 11.708%, 01/20/2032 (D)(G)		250,000		225,056
Benefit Street Partners CLO XIX, Ltd., Series 2019-19A, Class E (3 month LIBOR + 7.020%), 11.812%, 01/15/2033 (D)(G)		250,000		226,552
BlueMountain CLO, Ltd., Series 2018-2A, Class D (3 month LIBOR + 3.150%), 8.014%, 08/15/2031 (D)(G)		250,000		220,414
Bojangles Issuer LLC, Series 2020-1A, Class A2, 3.832%, 10/20/2050 (D)		123,750		112,758
CoreVest American Finance Trust, Series 2020-4, Class B, 1.707%, 12/15/2052 (D)		100,000		88,315

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2II, 3.151%, 04/25/2051 (D)	$	58,950	$	48,896
Elmwood CLO VII, Ltd., Series 2020-4A, Class C (3 month LIBOR + 2.250%), 7.042%, 01/17/2034 (D)(G)		250,000		241,071
Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.690%, 06/15/2029		40,000		40,346
Flagship Credit Auto Trust, Series 2021-3, Class D, 1.650%, 09/15/2027 (D)		112,000		99,385
GLS Auto Receivables Issuer Trust, Series 2023-1A, Class C, 6.380%, 12/15/2028 (D)		32,000		32,561
Greystone Commercial Real Estate Notes, Ltd., Series 2021-FL3, Class B (1 month CME Term SOFR + 1.764%), 6.592%, 07/15/2039 (D)(G)		100,000		94,853
Hertz Vehicle Financing III LP, Series 2021-2A, Class B, 2.120%, 12/27/2027 (D)		100,000		88,078
Hertz Vehicle Financing LLC
Series 2022-2A, Class C, 2.950%, 06/26/2028 (D)		100,000		85,884
Series 2022-2A, Class B, 2.650%, 06/26/2028 (D)		100,000		88,166
HIN Timeshare Trust, Series 2020-A, Class A, 1.390%, 10/09/2039 (D)		21,334		19,579
Home Partners of America Trust, Series 2022-1, Class D, 4.730%, 04/17/2039 (D)		149,946		139,155
Horizon Aircraft Finance II, Ltd., Series 2019-1, Class A, 3.721%, 07/15/2039 (D)		191,223		164,767
JFIN CLO, Ltd., Series 2016-1A, Class DR (3 month LIBOR + 3.400%), 8.215%, 10/27/2028 (D)(G)		175,000		169,347
LAD Auto Receivables Trust, Series 2021-1A, Class B, 1.940%, 11/16/2026 (D)		85,000		79,790
LCM XXV, Ltd., Series 25A, Class B2 (3 month LIBOR + 1.650%), 6.458%, 07/20/2030 (D)(G)		250,000		239,641
Lendbuzz Securitization Trust, Series 2021-1A, Class A, 1.460%, 06/15/2026 (D)		107,895		103,342
MAPS Trust, Series 2021-1A, Class A, 2.521%, 06/15/2046 (D)		188,657		164,254
Mercury Financial Credit Card Master Trust, Series 2022-1A, Class A, 2.500%, 09/21/2026 (D)		150,000		140,763
MFA LLC, Series 2021-NPL1, Class A1 (2.363% to 3-25-24, then 5.363% to 3-25-25, then 6.363% thereafter), 2.363%, 03/25/2060 (D)		69,135		65,315
New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1, 1.910%, 10/20/2061 (D)		120,000		103,476

 

176

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Octagon Investment Partners 49, Ltd., Series 2020-5A, Class D (3 month LIBOR + 3.400%), 8.192%, 01/15/2033 (D)(G)	$	250,000	$	231,816
OZLM VII, Ltd., Series 2014-7RA, Class CR (3 month LIBOR + 3.000%), 7.792%, 07/17/2029 (D)(G)		250,000		234,548
Pretium Mortgage Credit Partners LLC, Series 2021-RN1, Class A2 (3.598% to 6-25-25, then 7.598% thereafter), 3.598%, 02/25/2061 (D)		185,000		159,250
Progress Residential Trust
Series 2021-SFR2, Class D, 2.197%, 04/19/2038 (D)		100,000		87,541
Series 2022-SFR1, Class E1, 3.930%, 02/17/2041 (D)		150,000		127,710
Series 2022-SFR4, Class C, 4.888%, 05/17/2041 (D)		100,000		93,448
Stratus CLO, Ltd., Series 2021-1A, Class D (3 month LIBOR + 2.500%), 7.308%, 12/29/2029 (D)(G)		250,000		232,558
Symphony CLO XXII, Ltd., Series 2020-22A, Class C (3 month LIBOR + 2.150%), 6.945%, 04/18/2033 (D)(G)		250,000		237,551
Texas Natural Gas Securitization Finance Corp., Series 2023-1, Class A2, 5.169%, 04/01/2041		50,000		52,894
TRTX Issuer, Ltd., Series 2019-FL3, Class D (1 month CME Term SOFR + 2.564%), 7.308%, 10/15/2034 (D)(G)		100,000		94,122
Vericrest Opportunity Loan Transferee, Series 2021-NP11, Class A1 (1.868% to 7-25-24, then 4.868% to 7-25-25, then 5.868% thereafter), 1.868%, 08/25/2051 (D)		184,124		168,019
VOLT XCVI LLC, Series 2021-NPL5, Class A1 (2.116% to 2-25-24, then 5.116% to 2-25-25, then 6.116% thereafter), 2.116%, 03/27/2051 (D)		67,331		63,236
Voya CLO, Ltd., Series 2013-3A, Class BRR (3 month CME Term SOFR + 2.511%), 7.143%, 10/18/2031 (D)(G)		250,000		228,682
Westlake Automobile Receivables Trust, Series 2023-2A, Class C, 6.290%, 03/15/2028 (D)		55,000		55,454
TOTAL ASSET BACKED SECURITIES (Cost $5,624,132)			$	5,254,583
PREFERRED SECURITIES - 0.4%
Bermuda - 0.1%
Athene Holding, Ltd., 6.375% (6.375% to 6-30-25, then 5 Year CMT + 5.970%)		3,680		88,651
United States - 0.3%
AT&T, Inc., 5.000%		3,975		90,074
Bank of America Corp., 7.250%		68		79,408
Becton, Dickinson and Company, 6.000%		1,386		68,912
Fluor Corp., 6.500%		5		7,322
Jackson Financial, Inc., 8.000% (8.000% to 3-30-28, then 5 Year CMT + 3.728%)		1,325		32,860

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
United States (continued)
KeyCorp, 6.200% (6.200% to 12-15-27, then 5 Year CMT + 3.132%)		800	$	17,864
NextEra Energy, Inc., 6.926%		1,764		81,761
NiSource, Inc., 6.500% (6.500% to 3-15-24, then 5 Year CMT + 3.632%)		2,775		66,600
Wells Fargo & Company, 5.850% (5.850% to 9-15-23, then 3 month LIBOR + 3.090%)		1,382		32,145
				476,946
TOTAL PREFERRED SECURITIES (Cost $552,247)			$	565,597
EXCHANGE-TRADED FUNDS - 0.3%
SPDR Bloomberg Convertible Securities ETF		7,600		509,732
TOTAL EXCHANGE-TRADED FUNDS (Cost $426,512)			$	509,732
SHORT-TERM INVESTMENTS - 6.9%
U.S. Government - 0.2%
U.S. Treasury Bill 4.220%, 05/02/2023 (A)*	$	242,000		241,105
Short-term funds - 6.7%
John Hancock Collateral Trust, 4.9438% (M)(N)		6,978		69,760
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (M)		10,888,577		10,888,577
				10,958,337
TOTAL SHORT-TERM INVESTMENTS (Cost $11,199,450)			$	11,199,442
Total Investments (Opportunistic Fixed Income Trust) (Cost $209,759,925) - 118.3%			$	192,807,102
Other assets and liabilities, net - (18.3%)				(29,809,635)
TOTAL NET ASSETS - 100.0%			$	162,997,467
SALE COMMITMENTS OUTSTANDING - (1.8%)
U.S. Government Agency - (1.8)%
Federal National Mortgage Association 2.500%, TBA (B)	$	(3,358,000)	$	(2,894,307)
TOTAL SALE COMMITMENTS OUTSTANDING (Proceeds received $2,862,433)			$	(2,894,307)

Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CLP	Chilean Peso
COP	Colombian Peso
CZK	Czech Republic Koruna
DOP	Dominican Republic Peso
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
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

 

177

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

RUB	Russian Ruble
SEK	Swedish Krona
THB	Thai Bhat
ZAR	South African Rand
Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
CPI	Consumer Price Index
EURIBOR	Euro Interbank Offered Rate
GO	General Obligation
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
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.
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)	Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
(D)	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 $32,006,490 or 19.6% of the fund's net assets as of 3-31-23.

Opportunistic Fixed Income Trust (continued)

(E)	Non-income producing security.
(F)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(H)	Non-income producing - Issuer is in default.
(I)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $70,051.
(J)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(K)	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).
(L)	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.
(M)	The rate shown is the annualized seven-day yield as of 3-31-23.
(N)	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 Australian Treasury Bond Futures	57	Long	Jun 2023	$4,630,462	$4,702,280	$71,818
10-Year U.S. Treasury Note Futures	189	Long	Jun 2023	21,611,849	21,720,234	108,385
2-Year U.S. Treasury Note Futures	93	Long	Jun 2023	19,295,027	19,200,141	(94,886)
30-Day Federal Funds Futures	19	Long	Sep 2023	7,546,768	7,540,041	(6,727)
5-Year Canada Government Bond Futures	5	Long	Jun 2023	417,707	421,643	3,936
5-Year U.S. Treasury Note Futures	138	Long	Jun 2023	15,129,963	15,112,078	(17,885)
Euro SCHATZ Futures	1	Long	Jun 2023	113,515	114,626	1,111
German Euro BUND Futures	2	Long	Jun 2023	293,663	294,637	974
U.K. Long Gilt Bond Futures	2	Long	Jun 2023	257,047	254,985	(2,062)
Ultra U.S. Treasury Bond Futures	6	Long	Jun 2023	703,606	726,844	23,238
Ultra U.S. Treasury Bond Futures	27	Long	Jun 2023	3,801,802	3,810,375	8,573
10-Year Canada Government Bond Futures	6	Short	Jun 2023	(560,894)	(560,089)	805
10-Year Japan Government Bond Future	11	Short	Jun 2023	(12,113,281)	(12,271,286)	(158,005)
Euro-BTP Italian Government Bond Futures	44	Short	Jun 2023	(5,338,949)	(5,504,271)	(165,322)
Euro-Buxl Futures	25	Short	Jun 2023	(3,583,800)	(3,819,066)	(235,266)
Euro-OAT Futures	12	Short	Jun 2023	(1,656,318)	(1,694,813)	(38,495)
German Euro BOBL Futures	13	Short	Jun 2023	(1,658,513)	(1,661,931)	(3,418)
U.S. Treasury Long Bond Futures	63	Short	Jun 2023	(7,909,039)	(8,262,844)	(353,805)
						$(857,031)

^ 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
BRL	43,772,000	USD	8,459,763	CITI	4/4/2023	$176,409	—

178

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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
BRL	43,772,000	USD	8,605,903	GSI	4/4/2023	$30,267	—
BRL	1,868,000	USD	359,162	CITI	5/3/2023	7,592	—
BRL	665,000	USD	126,923	CITI	6/2/2023	2,903	—
BRL	326,000	USD	62,148	GSI	6/2/2023	1,497	—
CAD	75,000	USD	55,082	JPM	6/21/2023	483	—
CHF	740,000	USD	809,949	GSI	4/28/2023	929	—
CHF	714,000	USD	782,054	MSI	4/28/2023	333	—
CLP	373,206,000	USD	461,489	MSI	4/28/2023	6,784	—
CLP	196,724,000	USD	241,202	SSB	6/22/2023	4,104	—
CNY	569,000	USD	82,604	JPM	6/21/2023	707	—
COP	1,700,345,000	USD	361,097	CITI	4/28/2023	2,250	—
COP	121,900,000	USD	25,837	BOA	6/21/2023	—	$(69)
COP	277,400,000	USD	58,298	CITI	6/21/2023	342	—
COP	104,212,000	USD	21,527	MSI	6/21/2023	502	—
COP	1,003,330,000	USD	206,257	SSB	6/21/2023	5,835	—
CZK	4,159,000	USD	187,999	GSI	6/21/2023	3,447	—
EGP	716,000	USD	24,272	GSI	4/10/2023	—	(1,286)
EGP	404,000	USD	13,087	GSI	4/18/2023	—	(310)
EGP	3,600,000	USD	112,641	GSI	5/15/2023	—	(3,624)
EGP	2,420,000	USD	91,114	CITI	6/1/2023	—	(19,400)
EUR	6,740,000	USD	7,269,697	GSI	4/28/2023	49,643	—
EUR	57,000	USD	61,761	BARC	6/21/2023	327	—
EUR	52,000	USD	56,113	CITI	6/21/2023	529	—
EUR	49,000	USD	52,610	GSI	6/21/2023	765	—
EUR	28,000	USD	29,808	JPM	6/21/2023	692	—
EUR	51,000	USD	55,081	MSI	6/21/2023	472	—
GBP	1,618,000	USD	1,984,841	JPM	4/28/2023	12,120	—
GBP	39,000	USD	47,603	BARC	6/21/2023	581	—
HUF	442,846,000	USD	1,229,615	HSBC	4/28/2023	24,366	—
HUF	16,200,000	USD	43,414	BOA	6/21/2023	1,713	—
HUF	209,891,000	USD	563,487	JPM	6/21/2023	21,191	—
IDR	29,730,240,000	USD	1,964,467	JPM	4/28/2023	22,646	—
IDR	842,000,000	USD	55,828	HSBC	6/21/2023	431	—
IDR	10,597,151,000	USD	686,989	JPM	6/21/2023	21,075	—
IDR	578,000,000	USD	38,570	MSI	6/21/2023	50	—
INR	11,380,000	USD	138,103	GSI	6/21/2023	—	(113)
JPY	83,533,000	USD	637,726	BOA	4/28/2023	—	(6,416)
JPY	724,392,000	USD	5,550,565	GSI	4/28/2023	—	(75,895)
KRW	1,229,517,000	USD	948,753	MSI	4/28/2023	—	(6,317)
KZT	3,794,000	USD	8,010	BOA	4/24/2023	275	—
KZT	9,756,000	USD	20,611	BOA	4/25/2023	689	—
KZT	19,800,000	USD	41,750	GSI	6/15/2023	972	—
KZT	25,700,000	USD	57,025	GSI	6/21/2023	—	(1,649)
KZT	13,550,000	USD	27,938	BOA	7/24/2023	1,040	—
KZT	11,800,000	USD	24,738	GSI	8/9/2023	407	—
MXN	35,099,000	USD	1,900,806	JPM	4/28/2023	37,863	—
MXN	4,680,000	USD	253,412	GSI	6/21/2023	2,403	—
MXN	750,000	USD	40,133	MSI	6/21/2023	863	—
MYR	190,000	USD	43,290	HSBC	6/21/2023	43	—
NZD	3,101,000	USD	1,919,147	MSI	4/28/2023	19,990	—
NZD	60,000	USD	37,391	MSI	6/21/2023	126	—
PEN	614,000	USD	162,237	CITI	6/21/2023	109	—
PHP	7,272,000	USD	133,780	BARC	4/28/2023	191	—
PHP	2,120,000	USD	38,581	JPM	6/21/2023	440	—
PHP	3,450,000	USD	62,477	MSI	6/21/2023	1,023	—
PLN	2,050,000	USD	463,257	MSI	6/21/2023	9,401	—
RON	1,072,000	USD	230,870	GSI	6/21/2023	3,416	—
SEK	14,298,000	USD	1,377,128	GSI	4/28/2023	2,337	—
SGD	60,000	USD	44,595	HSBC	6/21/2023	604	—
SGD	125,000	USD	94,461	JPM	6/21/2023	—	(297)
THB	31,153,000	USD	901,746	BARC	6/21/2023	16,434	—
TRY	8,466,000	USD	428,821	BOA	4/28/2023	—	(412)
TRY	6,080,000	USD	302,698	GSI	6/21/2023	—	(23,965)
USD	3,671,494	AUD	5,519,000	JPM	4/28/2023	—	(20,845)
USD	36,933	AUD	55,000	JPM	6/21/2023	64	—
USD	8,608,898	BRL	43,772,000	CITI	4/4/2023	—	(27,272)

179

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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
USD	8,392,584	BRL	43,772,000	GSI	4/4/2023	—	$(243,587)
USD	8,056,912	BRL	41,904,000	CITI	5/3/2023	—	(170,305)
USD	838,404	BRL	4,439,000	GSI	6/2/2023	—	(28,207)
USD	82,207	BRL	440,000	HSBC	6/2/2023	—	(3,693)
USD	5,300,035	CAD	7,258,000	BOA	4/28/2023	—	(72,245)
USD	54,429	CAD	75,000	JPM	6/21/2023	—	(1,136)
USD	53,543	CLP	43,300,000	MSI	4/28/2023	—	(787)
USD	26,997	CLP	21,800,000	GSI	6/22/2023	—	(187)
USD	4,937,226	CNY	33,903,000	JPM	4/28/2023	—	(4,826)
USD	46,273	CNY	316,000	HSBC	6/21/2023	$6	—
USD	36,923	CNY	253,000	MSI	6/21/2023	—	(121)
USD	1,122,162	COP	5,303,505,000	BARC	4/28/2023	—	(11,146)
USD	58,670	COP	284,776,000	CITI	6/21/2023	—	(1,529)
USD	52,243	COP	252,100,000	GSI	6/21/2023	—	(1,048)
USD	241,792	COP	1,167,807,000	MSI	6/21/2023	—	(5,068)
USD	2,074,971	CZK	45,801,000	GSI	4/28/2023	—	(38,829)
USD	67,292	CZK	1,524,000	BARC	6/21/2023	—	(2,861)
USD	34,479	CZK	770,000	HSBC	6/21/2023	—	(966)
USD	32,705	CZK	710,000	JPM	6/21/2023	22	—
USD	20,155	EGP	660,000	CITI	4/27/2023	—	(377)
USD	15,421	EGP	520,000	GSI	6/21/2023	239	—
USD	9,122,052	EUR	8,457,386	GSI	4/28/2023	—	(62,292)
USD	56,371	EUR	52,000	BOA	6/21/2023	—	(271)
USD	521,743	EUR	486,000	GSI	6/21/2023	—	(7,639)
USD	51,210	EUR	47,000	MSI	6/21/2023	15	—
USD	144,754	GBP	118,000	JPM	4/28/2023	—	(884)
USD	91,735	GBP	77,000	GSI	6/21/2023	—	(3,398)
USD	258,507	HKD	2,026,000	GSI	4/28/2023	82	—
USD	297,411	HUF	107,306,000	BARC	4/28/2023	—	(6,441)
USD	71,914	HUF	25,900,000	HSBC	4/28/2023	—	(1,425)
USD	128,907	HUF	48,500,000	BARC	6/21/2023	—	(6,196)
USD	166,645	IDR	2,522,000,000	JPM	4/28/2023	—	(1,921)
USD	66,654	IDR	1,010,875,000	GSI	6/21/2023	—	(889)
USD	105,081	IDR	1,588,502,000	HSBC	6/21/2023	—	(1,058)
USD	92,432	ILS	335,000	GSI	6/21/2023	—	(1,012)
USD	862,043	INR	71,166,000	MSI	4/28/2023	—	(3,189)
USD	6,563,301	JPY	856,562,000	GSI	4/28/2023	89,742	—
USD	538,860	KRW	698,794,000	JPM	4/28/2023	3,228	—
USD	9,019,050	KRW	11,688,058,000	MSI	4/28/2023	60,049	—
USD	170,590	MXN	3,150,000	JPM	4/28/2023	—	(3,398)
USD	26,760	MXN	514,000	BOA	6/21/2023	—	(1,336)
USD	44,630	MXN	820,000	CITI	6/21/2023	—	(192)
USD	114,874	MXN	2,150,000	GSI	6/21/2023	—	(2,647)
USD	99,750	MXN	1,904,000	MSI	6/21/2023	—	(4,325)
USD	60,176	MYR	266,000	HSBC	6/21/2023	—	(491)
USD	1,554,742	NOK	16,301,000	BOA	4/28/2023	—	(3,956)
USD	5,900,402	NZD	9,534,000	MSI	4/28/2023	—	(61,460)
USD	37,552	NZD	60,000	BARC	6/21/2023	35	—
USD	36,636	NZD	60,000	MSI	6/21/2023	—	(881)
USD	52,953	PEN	200,000	MSI	4/28/2023	—	(109)
USD	509,940	PEN	1,944,000	CITI	6/21/2023	—	(4,069)
USD	853,197	PHP	46,175,000	CITI	4/28/2023	2,524	—
USD	90,761	PHP	5,010,000	BOA	6/21/2023	—	(1,453)
USD	64,341	PHP	3,560,000	GSI	6/21/2023	—	(1,184)
USD	2,019,855	PLN	8,816,000	HSBC	4/28/2023	—	(19,540)
USD	104,233	PLN	461,000	MSI	6/21/2023	—	(2,058)
USD	75,314	RON	345,000	GSI	4/28/2023	—	(247)
USD	61,977	RON	285,000	GSI	6/21/2023	—	(310)
USD	14,252	RON	65,000	HSBC	6/21/2023	46	—
USD	1,770,579	SEK	18,383,000	GSI	4/28/2023	—	(3,004)
USD	1,961,837	SGD	2,613,000	BARC	4/28/2023	—	(3,125)
USD	41,500	SGD	55,000	HSBC	6/21/2023	68	—
USD	220,092	SGD	295,000	MSI	6/21/2023	—	(2,134)
USD	166,812	THB	5,730,000	BARC	4/28/2023	—	(1,191)
USD	19,501	TRY	385,000	BOA	4/28/2023	19	—
USD	18,012	TRY	375,000	GSI	6/21/2023	820	—

180

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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
USD	944,411	ZAR	17,319,000	CITI	4/28/2023	—	$(26,223)
USD	551,329	ZAR	10,116,000	GSI	4/28/2023	—	(15,617)
USD	19,972	ZAR	370,000	GSI	6/21/2023	—	(669)
USD	784,975	ZAR	14,473,000	MSI	6/21/2023	—	(22,390)
UYU	1,515,000	USD	38,033	CITI	6/21/2023	$362	—
ZAR	700,000	USD	38,348	GSI	6/21/2023	701	—
ZAR	1,300,000	USD	72,858	JPM	6/21/2023	—	(339)
ZAR	2,121,000	USD	115,747	MSI	6/21/2023	2,572	—
						$660,205	$(1,053,751)

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
BOA	89,070,000	THB	Fixed 2.121%	THB Compounded THOR	Quarterly	Quarterly	Jun 2028	—	$13,456	$13,456
GSI	29,530,000	THB	Fixed 2.039%	THB Compounded THOR	Quarterly	Quarterly	Jun 2028	—	7,836	7,836
								—	$21,292	$21,292
Centrally cleared	52,320,000	MXN	MXN TIIE Banxico	Fixed 7.840%	Monthly	Monthly	Mar 2027	$2,069	(97,238)	(95,169)
Centrally cleared	8,500,000	NZD	NZD BBR FRA	Fixed 2.660%	Semi-Annual	Quarterly	Mar 2027	(16,285)	(346,714)	(362,999)
Centrally cleared	6,540,000	NZD	NZD BBR FRA	Fixed 2.750%	Semi-Annual	Quarterly	Mar 2027	5,483	(271,431)	(265,948)
Centrally cleared	4,675,000	PLN	Fixed 6.445%	PLN WIBOR WIBO	Annual	Semi-Annual	Dec 2027	—	(37,485)	(37,485)
Centrally cleared	4,675,000	PLN	Fixed 6.463%	PLN WIBOR WIBO	Annual	Semi-Annual	Dec 2027	—	(38,302)	(38,302)
Centrally cleared	3,846,680,000	KRW	KRW CD KSDA Bloomberg	Fixed 4.320%	Quarterly	Quarterly	Mar 2028	—	160,028	160,028
Centrally cleared	18,235,000	SEK	SEK STIBOR SIDE	Fixed 2.920%	Annual	Quarterly	Mar 2028	—	(8,159)	(8,159)
Centrally cleared	36,735,000	SEK	SEK STIBOR SIDE	Fixed 3.042%	Annual	Quarterly	Mar 2028	—	3,335	3,335
Centrally cleared	39,115,000	MXN	MXN TIIE Banxico	Fixed 8.840%	Monthly	Monthly	Jun 2028	(2,997)	44,131	41,134
Centrally cleared	55,310,000	MXN	MXN TIIE Banxico	Fixed 9.053%	Monthly	Monthly	Jun 2028	—	84,070	84,070
Centrally cleared	4,390,000	PLN	Fixed 6.014%	PLN WIBOR WIBO	Annual	Semi-Annual	Jun 2028	—	(26,022)	(26,022)
Centrally cleared	8,210,000	PLN	Fixed 5.970%	PLN WIBOR WIBO	Annual	Semi-Annual	Jun 2028	—	(45,149)	(45,149)
Centrally cleared	38,050,000	NOK	Fixed 2.965%	NOK NIBOR NIBR	Annual	Semi-Annual	Jun 2028	—	34,501	34,501
Centrally cleared	17,445,000	MXN	MXN TIIE Banxico	Fixed 6.940%	Monthly	Monthly	Sep 2031	(269)	(84,612)	(84,881)
Centrally cleared	21,005,000	ZAR	ZAR JIBAR SAFEX	Fixed 9.255%	Quarterly	Quarterly	Mar 2033	—	17,992	17,992
								$(11,999)	$(611,055)	$(623,054)
								$(11,999)	$(589,763)	$(601,762)

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	Federative Republic of Brazil	585,000	USD	$585,000	1.000%	Quarterly	Dec 2026	$26,597	$(15,338)	$11,259
BARC	Federative Republic of Brazil	10,000	USD	10,000	1.000%	Quarterly	Dec 2027	446	(22)	424
BOA	Federative Republic of Brazil	2,345,000	USD	2,345,000	1.000%	Quarterly	Dec 2027	142,719	(43,319)	99,400
BOA	Federative Republic of Brazil	620,000	USD	620,000	1.000%	Quarterly	Dec 2027	37,852	(11,571)	26,281
CITI	Federative Republic of Brazil	485,000	USD	485,000	1.000%	Quarterly	Dec 2027	30,074	(9,516)	20,558
CITI	Government of Malaysia	500,000	USD	500,000	1.000%	Quarterly	Dec 2027	(4,838)	(2,298)	(7,136)
CITI	Republic of the Philippines	500,000	USD	500,000	1.000%	Quarterly	Dec 2027	(2,431)	(1,104)	(3,535)
GSI	Federative Republic of Brazil	945,000	USD	945,000	1.000%	Quarterly	Dec 2027	58,236	(18,179)	40,057
GSI	Government of Malaysia	600,000	USD	600,000	1.000%	Quarterly	Dec 2027	(5,661)	(2,902)	(8,563)
GSI	Government of Malaysia	500,000	USD	500,000	1.000%	Quarterly	Dec 2027	(5,050)	(2,086)	(7,136)

181

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

Credit default swaps - Buyer (continued)
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
GSI	Republic of Colombia	650,000	USD	$650,000	1.000%	Quarterly	Dec 2027	$42,277	$(115)	$42,162
GSI	Republic of Indonesia	640,000	USD	640,000	1.000%	Quarterly	Dec 2027	(938)	(3,159)	(4,097)
GSI	Republic of Peru	630,000	USD	630,000	1.000%	Quarterly	Dec 2027	761	(1,378)	(617)
GSI	Republic of the Philippines	365,000	USD	365,000	1.000%	Quarterly	Dec 2027	(609)	(1,972)	(2,581)
JPM	Government of Mexico	770,000	USD	770,000	1.000%	Quarterly	Dec 2027	8,357	(6,877)	1,480
MSI	Government of Japan	9,570,000	USD	9,570,000	1.000%	Quarterly	Dec 2024	(120,477)	(30,496)	(150,973)
MSI	Republic of Peru	500,000	USD	500,000	1.000%	Quarterly	Dec 2027	—	(490)	(490)
				$20,215,000				$207,315	$(150,822)	$56,493
Centrally cleared	CDX.NA.HY.38	559,350	USD	559,350	5.000%	Quarterly	Jun 2027	3,002	(16,464)	(13,462)
Centrally cleared	CDX.EM.38	24,395,000	USD	24,395,000	1.000%	Quarterly	Dec 2027	1,299,866	(111,720)	1,188,146
Centrally cleared	CDX.NA.HY.39	100,000	USD	100,000	5.000%	Quarterly	Dec 2027	(398)	(863)	(1,261)
Centrally cleared	CDX.NA.IG.40	9,765,000	USD	9,765,000	1.000%	Quarterly	Jun 2028	(103,921)	(11,248)	(115,169)
				$34,819,350				$1,198,549	$(140,295)	$1,058,254
				$55,034,350				$1,405,864	$(291,117)	$1,114,747

Credit default swaps - Seller
Counterparty (OTC)/ Centrally cleared	Reference obligation	Implied credit spread	Notional amount	Currency	USD notional amount	Received fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
GSI	CMBX.NA.BBB-.11	4.130%	195,000	USD	$195,000	3.000%	Monthly	Nov 2054	$(41,021)	$(13,985)	$(55,006)
GSI	CMBX.NA.BBB-.14	8.030%	25,000	USD	25,000	3.000%	Monthly	Dec 2072	(4,172)	(2,923)	(7,095)
					$220,000				$(45,193)	$(16,908)	$(62,101)
Centrally cleared	CDX.NA.HY.40	4.130%	2,783,000	USD	2,783,000	5.000%	Quarterly	Jun 2028	28,162	17,517	45,679
					$2,783,000				$28,162	$17,517	$45,679
					$3,003,000				$(17,031)	$609	$(16,422)

Total return swaps
Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount	Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
Pay	iBoxx $ Liquid High Yield Index	1-Day USD Compounded SOFR	At Maturity	USD	1,610,000	Jun 2023	MSI	—	$(26,555)	$(26,555)
								—	$(26,555)	$(26,555)

* 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.

Inflation swaps
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	USD notional amount	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
BARC	2,970,000	USD	$2,970,000	Fixed 3.243%	USA CPI All Urban Consumers	At Maturity	At Maturity	Apr 2027	—	$5,104	$5,104
BARC	2,990,000	USD	2,990,000	Fixed 3.243%	USA CPI All Urban Consumers	At Maturity	At Maturity	Apr 2027	—	5,139	5,139
BARC	5,640,000	USD	5,640,000	Fixed 3.147%	USA CPI All Urban Consumers	At Maturity	At Maturity	Apr 2027	—	36,274	36,274
BOA	500,000	USD	500,000	Fixed 1.635%	USA CPI All Urban Consumers	At Maturity	At Maturity	Feb 2050	—	133,291	133,291

182

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

Inflation swaps (continued)
Counterparty (OTC)/ Centrally cleared	Notional amount	Currency	USD notional amount	Payments made	Payments received	Fixed payment frequency	Floating payment frequency	Maturity date	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)	Value
CITI	1,855,000	USD	$1,855,000	Fixed 3.257%	USA CPI All Urban Consumers	At Maturity	At Maturity	Apr 2027	—	$1,858	$1,858
CITI	1,730,000	USD	1,730,000	Fixed 3.257%	USA CPI All Urban Consumers	At Maturity	At Maturity	Apr 2027	$(186)	1,919	1,733
CITI	780,000	USD	780,000	Fixed 2.578%	USA CPI All Urban Consumers	At Maturity	At Maturity	Feb 2051	—	29,948	29,948
JPM	1,700,000	USD	1,700,000	Fixed 1.830%	USA CPI All Urban Consumers	At Maturity	At Maturity	Feb 2050	(39,655)	417,523	377,868
			$18,165,000						$(39,841)	$631,056	$591,215

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
EGP	Egyptian Pound
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ILS	Israeli New Shekel
INR	Indian Rupee
JPY	Japanese Yen
KRW	Korean Won
KZT	Kazakhstan Tenge
MXN	Mexican Peso
MYR	Malaysian Ringgit
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Nuevo Sol
PHP	Philippine Peso
PLN	Polish Zloty
RON	Romanian New Leu
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Bhat
TRY	Turkish Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand

183

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BBR	Bank Bill Rate
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
CPI	Consumer Price Index
GSI	Goldman Sachs International
HSBC	HSBC Bank PLC
JIBAR	Johannesburg Interbank Agreed Rate
JPM	JPMorgan Chase Bank, N.A.
KSDA	Korea Securities Dealers Association
MSI	Morgan Stanley & Co. International PLC
NIBOR	Norwegian Interbank Offered Rate
OTC	Over-the-counter
SOFR	Secured Overnight Financing Rate
SSB	State Street Bank and Trust Company
STIBOR	Stockholm Interbank Offered Rate
THOR	Thai Overnight Repurchase Rate
TIIE	Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)
WIBOR	Warsaw Interbank Offered Rate

Real Estate Securities Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.4%
Consumer discretionary – 2.8%
Hotels, restaurants and leisure – 2.8%
Hyatt Hotels Corp., Class A (A)	34,501	$	3,856,867
Wynn Resorts, Ltd. (A)	37,138		4,156,114
			8,012,981
Industrials – 1.3%
Construction and engineering – 1.3%
WillScot Mobile Mini Holdings Corp. (A)	78,467		3,678,533
Real estate – 94.3%
Diversified REITs – 5.2%
Empire State Realty Trust, Inc., Class A	749,576		4,864,748
WP Carey, Inc.	132,767		10,282,804
			15,147,552
Health care REITs – 9.0%
CareTrust REIT, Inc.	263,482		5,158,978
Ventas, Inc.	175,918		7,626,045
Welltower, Inc.	186,655		13,381,297
			26,166,320
Hotel and resort REITs – 1.8%
Ryman Hospitality Properties, Inc.	57,055		5,119,545
Industrial REITs – 18.6%
EastGroup Properties, Inc.	29,490		4,875,287
Plymouth Industrial REIT, Inc.	245,745		5,163,102
Prologis, Inc.	301,783		37,653,462
Rexford Industrial Realty, Inc.	109,098		6,507,696
			54,199,547
Office REITs – 1.9%
Alexandria Real Estate Equities, Inc.	22,414		2,814,974
Corporate Office Properties Trust	119,091		2,823,648
			5,638,622
Real estate management and development – 0.5%
CBRE Group, Inc., Class A (A)	19,992		1,455,618
Residential REITs – 17.4%
American Homes 4 Rent, Class A	151,678		4,770,273
Apartment Income REIT Corp.	115,944		4,151,955
Equity Residential	203,317		12,199,020

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Residential REITs (continued)
Independence Realty Trust, Inc.	197,058	$	3,158,840
Sun Communities, Inc.	71,383		10,056,437
UDR, Inc.	279,370		11,470,932
Veris Residential, Inc. (A)	320,044		4,685,444
			50,492,901
Retail REITs – 13.1%
Brixmor Property Group, Inc.	402,703		8,666,169
Getty Realty Corp.	149,811		5,397,690
Kimco Realty Corp.	154,688		3,021,057
NETSTREIT Corp.	220,807		4,036,352
Phillips Edison & Company, Inc.	135,639		4,424,544
Simon Property Group, Inc.	67,801		7,591,678
Spirit Realty Capital, Inc.	69,056		2,751,191
Tanger Factory Outlet Centers, Inc.	109,457		2,148,641
			38,037,322
Specialized REITs – 26.8%
American Tower Corp.	36,526		7,463,723
CubeSmart	186,176		8,605,055
Equinix, Inc.	31,890		22,993,966
Iron Mountain, Inc.	83,103		4,396,980
Life Storage, Inc.	65,154		8,541,038
Public Storage	52,133		15,751,465
VICI Properties, Inc.	312,589		10,196,653
			77,948,880
			274,206,307
TOTAL COMMON STOCKS (Cost $286,303,826)		$	285,897,821
SHORT-TERM INVESTMENTS – 1.6%
Short-term funds – 1.6%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (B)	4,707,650		4,707,650
TOTAL SHORT-TERM INVESTMENTS (Cost $4,707,650)		$	4,707,650
Total Investments (Real Estate Securities Trust) (Cost $291,011,476) – 100.0%		$	290,605,471
Other assets and liabilities, net – 0.0%			10,805
TOTAL NET ASSETS – 100.0%		$	290,616,276

 

184

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 3-31-23.

Science & Technology Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 93.0%
Communication services – 11.3%
Entertainment – 0.1%
Activision Blizzard, Inc.	11,369	$	973,073
Interactive media and services – 11.2%
Alphabet, Inc., Class A (A)	389,563		40,409,370
Baidu, Inc., ADR (A)	80,420		12,136,986
Meta Platforms, Inc., Class A (A)	120,567		25,552,970
Pinterest, Inc., Class A (A)	293,836		8,012,908
VK Company, Ltd., GDR (A)(B)	445,299		1,068,718
			87,180,952
			88,154,025
Consumer discretionary – 22.0%
Automobiles – 0.1%
Rivian Automotive, Inc., Class A (A)(C)	56,118		868,707
Broadline retail – 11.3%
Alibaba Group Holding, Ltd., ADR (A)	177,415		18,128,265
Amazon.com, Inc. (A)	445,198		45,984,501
Coupang, Inc. (A)	208,833		3,341,328
D-Market Elektronik Hizmetler ve Ticaret AS, ADR (A)(C)	174,593		233,955
Etsy, Inc. (A)	86,267		9,604,105
JD.com, Inc., ADR	135,434		5,944,198
MercadoLibre, Inc. (A)	1,795		2,365,918
Naspers, Ltd., N Shares	13,616		2,522,966
			88,125,236
Hotels, restaurants and leisure – 5.2%
Booking Holdings, Inc. (A)	6,872		18,227,362
Deliveroo PLC (A)(D)	3,450,764		3,909,049
Delivery Hero SE (A)(D)	296,554		10,116,909
DoorDash, Inc., Class A (A)	86,874		5,521,711
Tongcheng Travel Holdings, Ltd. (A)	1,492,800		3,249,463
			41,024,494
Specialty retail – 5.4%
Auto1 Group SE (A)(D)	552,450		3,919,586
Warby Parker, Inc., Class A (A)(C)	196,663		2,082,661
Wayfair, Inc., Class A (A)	21,871		751,050
Zalando SE (A)(D)	844,244		35,382,706
			42,136,003
			172,154,440
Financials – 3.0%
Financial services – 3.0%
Mastercard, Inc., Class A	63,555		23,096,523
Health care – 0.3%
Health care technology – 0.3%
Veeva Systems, Inc., Class A (A)	13,574		2,494,765
Industrials – 0.3%
Ground transportation – 0.3%
Uber Technologies, Inc. (A)	69,619		2,206,922
Information technology – 55.8%
Communications equipment – 1.2%
Arista Networks, Inc. (A)	56,184		9,431,046
IT services – 4.2%
Accenture PLC, Class A	110,234		31,505,980

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
MongoDB, Inc. (A)	6,462	$	1,506,421
			33,012,401
Semiconductors and semiconductor equipment – 19.0%
Advanced Micro Devices, Inc. (A)	260,049		25,487,402
ASML Holding NV, NYRS	3,287		2,237,494
KLA Corp.	16,717		6,672,925
Lam Research Corp.	29,166		15,461,480
Marvell Technology, Inc.	172,514		7,469,856
Micron Technology, Inc.	129,053		7,787,058
NVIDIA Corp.	117,323		32,588,810
Qualcomm, Inc.	171,218		21,843,992
Texas Instruments, Inc.	153,982		28,642,192
			148,191,209
Software – 24.1%
Adobe, Inc. (A)	14,538		5,602,509
DocuSign, Inc. (A)	77,519		4,519,358
Fortinet, Inc. (A)	270,543		17,980,288
Gen Digital, Inc.	378,068		6,487,647
HubSpot, Inc. (A)	3,413		1,463,324
Intuit, Inc.	19,535		8,709,289
Microsoft Corp.	229,872		66,272,097
Qualtrics International, Inc., Class A (A)	307,972		5,491,141
Salesforce, Inc. (A)	261,362		52,214,900
TeamViewer SE (A)(D)	237,681		4,048,991
Workday, Inc., Class A (A)	40,687		8,403,493
Zoom Video Communications, Inc., Class A (A)	100,285		7,405,044
			188,598,081
Technology hardware, storage and peripherals – 7.3%
Apple, Inc.	119,248		19,663,995
Pure Storage, Inc., Class A (A)	662,875		16,909,941
Samsung Electronics Company, Ltd.	323,800		16,012,220
Western Digital Corp. (A)	122,320		4,607,794
			57,193,950
			436,426,687
Real estate – 0.3%
Real estate management and development – 0.3%
KE Holdings, Inc., ADR (A)	112,221		2,114,244
Opendoor Technologies, Inc. (A)	209,793		369,236
			2,483,480
TOTAL COMMON STOCKS (Cost $658,057,386)		$	727,016,842
SHORT-TERM INVESTMENTS – 6.6%
Short-term funds – 6.6%
John Hancock Collateral Trust, 4.9438% (E)(F)	218,259		2,181,916
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (E)	501,965		501,965
T. Rowe Price Government Reserve Fund, 4.8116% (E)	49,322,253		49,322,253
TOTAL SHORT-TERM INVESTMENTS (Cost $52,006,142)		$	52,006,134
Total Investments (Science & Technology Trust) (Cost $710,063,528) – 99.6%		$	779,022,976
Other assets and liabilities, net – 0.4%			2,848,491
TOTAL NET ASSETS – 100.0%		$	781,871,467

Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NYRS	New York Registry Shares
(A)	Non-income producing security.

 

185

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $2,137,292.
(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 3-31-23.
(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.

Select Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 46.5%
U.S. Government – 15.2%
U.S. Treasury Bonds
2.250%, 02/15/2052	$	31,952,000	$	23,826,706
2.500%, 02/15/2045		83,239,000		66,418,869
3.000%, 08/15/2052		313,959,000		275,793,359
3.375%, 08/15/2042 to 11/15/2048		48,236,000		45,176,754
3.875%, 02/15/2043		27,499,000		27,743,913
4.000%, 11/15/2042 to 11/15/2052		354,152,000		367,796,510
U.S. Treasury Notes
3.500%, 02/15/2033		19,164,000		19,193,944
4.000%, 02/29/2028 to 02/28/2030		89,143,000		90,986,584
				916,936,639
U.S. Government Agency – 31.3%
Federal Home Loan Mortgage Corp.
2.000%, 03/01/2052		61,669,300		51,251,147
2.500%, 08/01/2051 to 12/01/2051		39,390,272		34,184,948
3.000%, 03/01/2043 to 12/01/2049		93,679,074		85,815,120
3.500%, 04/01/2044 to 04/01/2052		116,093,201		109,258,670
4.000%, 08/01/2037 to 08/01/2052		98,352,749		95,338,669
4.500%, 12/01/2037 to 09/01/2052		99,327,644		98,345,127
5.000%, 10/01/2052 to 02/01/2053		78,311,822		78,437,078
5.500%, 09/01/2052		28,771,398		29,385,086
Federal National Mortgage Association
2.500%, 12/01/2050 to 03/01/2052		219,895,988		190,745,822
3.000%, 01/01/2043 to 02/01/2052		187,825,304		170,935,066
3.500%, 06/01/2042 to 04/01/2052		159,338,829		150,802,525
4.000%, 09/01/2037 to 09/01/2052		351,092,345		341,707,368
4.500%, 11/01/2037 to 10/01/2052		184,646,197		183,041,864
5.000%, TBA (A)		48,627,000		48,488,316
5.000%, 10/01/2052 to 12/01/2052		70,722,278		70,737,399
5.500%, TBA (A)		30,174,000		30,480,447
5.500%, 10/01/2052 to 12/01/2052		117,080,873		119,485,732
Government National Mortgage Association 4.000%, 10/15/2039 to 11/15/2041		2,526,182		2,477,060
				1,890,917,444
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $2,898,490,661)			$	2,807,854,083
FOREIGN GOVERNMENT OBLIGATIONS – 0.1%
Qatar – 0.1%
State of Qatar 5.103%, 04/23/2048 (B)		8,410,000		8,536,150
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $8,410,000)			$	8,536,150

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS – 30.0%
Communication services – 1.8%
AT&T, Inc.
3.500%, 06/01/2041	$	12,200,000	$	9,628,114
3.650%, 06/01/2051		11,566,000		8,760,484
Charter Communications Operating LLC
4.200%, 03/15/2028		13,245,000		12,535,753
4.800%, 03/01/2050		12,476,000		9,509,123
5.750%, 04/01/2048		16,696,000		14,408,428
6.484%, 10/23/2045		13,673,000		12,953,739
Level 3 Financing, Inc. 3.400%, 03/01/2027 (B)		5,650,000		4,468,827
Netflix, Inc. 4.875%, 06/15/2030 (B)		7,755,000		7,720,451
T-Mobile USA, Inc. 3.875%, 04/15/2030		13,891,000		13,034,115
Vodafone Group PLC 5.625%, 02/10/2053		3,784,000		3,736,861
WarnerMedia Holdings, Inc.
5.050%, 03/15/2042 (B)		3,145,000		2,630,586
5.141%, 03/15/2052 (B)		7,855,000		6,364,383
				105,750,864
Consumer discretionary – 2.4%
AutoNation, Inc. 4.750%, 06/01/2030		6,447,000		6,060,054
Booking Holdings, Inc. 4.625%, 04/13/2030		9,246,000		9,240,117
Choice Hotels International, Inc. 3.700%, 12/01/2029 to 01/15/2031		13,024,000		11,654,479
eBay, Inc. 2.700%, 03/11/2030		9,701,000		8,501,260
Expedia Group, Inc.
2.950%, 03/15/2031		4,157,000		3,468,782
3.800%, 02/15/2028		16,524,000		15,647,587
4.625%, 08/01/2027		8,713,000		8,539,271
5.000%, 02/15/2026		8,638,000		8,598,596
General Motors Company 5.400%, 10/15/2029		8,209,000		8,134,196
General Motors Financial Company, Inc.
2.400%, 10/15/2028		17,219,000		14,729,390
3.600%, 06/21/2030		20,346,000		17,826,123
Hyundai Capital America
1.800%, 10/15/2025 (B)		4,018,000		3,685,872
2.375%, 10/15/2027 (B)		4,018,000		3,552,190
Marriott International, Inc.
4.625%, 06/15/2030		5,210,000		5,058,196
4.650%, 12/01/2028		13,237,000		13,108,734
Nissan Motor Acceptance Company LLC
1.125%, 09/16/2024 (B)		4,380,000		4,094,210
2.000%, 03/09/2026 (B)		3,856,000		3,417,331
				145,316,388
Consumer staples – 0.8%
Anheuser-Busch Companies LLC 4.900%, 02/01/2046		3,282,000		3,207,539
Anheuser-Busch InBev Worldwide, Inc. 4.600%, 04/15/2048		5,964,000		5,627,176
Dollar Tree, Inc. 4.200%, 05/15/2028		9,223,000		8,982,001
JBS USA LUX SA
5.125%, 02/01/2028 (B)		3,366,000		3,250,647
5.750%, 04/01/2033 (B)		9,181,000		8,767,855
Kraft Heinz Foods Company
4.375%, 06/01/2046		13,908,000		12,116,610
4.875%, 10/01/2049		3,550,000		3,298,502
5.000%, 06/04/2042		3,892,000		3,732,284
				48,982,614

 

186

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy – 3.3%
Aker BP ASA
3.000%, 01/15/2025 (B)	$	6,211,000	$	5,982,636
3.100%, 07/15/2031 (B)		8,003,000		6,768,850
3.750%, 01/15/2030 (B)		5,064,000		4,568,702
4.000%, 01/15/2031 (B)		10,984,000		9,973,929
Cheniere Energy Partners LP 4.500%, 10/01/2029		3,497,000		3,248,750
Continental Resources, Inc. 4.900%, 06/01/2044		4,181,000		3,237,113
Diamondback Energy, Inc. 3.125%, 03/24/2031		5,548,000		4,810,892
Enbridge, Inc.
5.750%, (5.750% to 4-15-30, then 5 Year CMT + 5.314%), 07/15/2080		8,820,000		7,847,092
6.250%, (6.250% to 3-1-28, then 3 month LIBOR + 3.641%), 03/01/2078		8,767,000		7,972,701
Energy Transfer LP
4.200%, 04/15/2027		4,899,000		4,693,884
5.150%, 03/15/2045		5,400,000		4,701,074
5.250%, 04/15/2029		17,785,000		17,716,379
5.400%, 10/01/2047		8,136,000		7,232,292
5.500%, 06/01/2027		7,447,000		7,526,878
Enterprise Products Operating LLC 5.250%, (5.250% to 8-16-27, then 3 month LIBOR + 3.033%), 08/16/2077		12,660,000		10,705,552
Kinder Morgan Energy Partners LP 7.750%, 03/15/2032		4,555,000		5,183,668
MPLX LP
4.000%, 03/15/2028		6,705,000		6,415,269
4.125%, 03/01/2027		2,551,000		2,472,822
4.250%, 12/01/2027		4,887,000		4,732,162
4.950%, 09/01/2032		3,979,000		3,891,318
5.000%, 03/01/2033		4,017,000		3,930,917
Ovintiv, Inc. 7.200%, 11/01/2031		1,177,000		1,252,052
Sabine Pass Liquefaction LLC
4.200%, 03/15/2028		4,128,000		3,965,776
4.500%, 05/15/2030		13,283,000		12,813,094
5.000%, 03/15/2027		7,297,000		7,270,798
Targa Resources Corp. 4.950%, 04/15/2052		9,104,000		7,553,131
Targa Resources Partners LP 4.000%, 01/15/2032		7,449,000		6,492,101
The Williams Companies, Inc.
3.750%, 06/15/2027		9,700,000		9,307,006
4.650%, 08/15/2032		5,495,000		5,296,384
Var Energi ASA 8.000%, 11/15/2032 (B)		5,570,000		5,928,095
Western Midstream Operating LP
4.300%, 02/01/2030		6,184,000		5,639,746
6.150%, 04/01/2033		1,540,000		1,560,884
				200,691,947
Financials – 9.0%
Ares Capital Corp.
2.150%, 07/15/2026		11,802,000		10,119,202
2.875%, 06/15/2028		6,780,000		5,575,265
3.250%, 07/15/2025		3,689,000		3,369,796
3.875%, 01/15/2026		8,615,000		7,941,536
4.200%, 06/10/2024		2,208,000		2,133,759
Athene Holding, Ltd. 3.500%, 01/15/2031		14,028,000		11,658,959
Banco Santander SA 4.379%, 04/12/2028		7,600,000		7,177,765

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Bank of America Corp.
2.087%, (2.087% to 6-14-28, then SOFR + 1.060%), 06/14/2029	$	12,755,000	$	10,984,757
2.592%, (2.592% to 4-29-30, then SOFR + 2.150%), 04/29/2031		12,322,000		10,435,032
2.687%, (2.687% to 4-22-31, then SOFR + 1.320%), 04/22/2032		19,364,000		16,159,724
3.248%, 10/21/2027		9,341,000		8,802,156
3.846%, (3.846% to 3-8-32, then 5 Year CMT + 2.000%), 03/08/2037		9,199,000		7,842,046
4.271%, (4.271% to 7-23-28, then 3 month LIBOR + 1.310%), 07/23/2029		17,187,000		16,549,036
Blackstone Private Credit Fund
2.350%, 11/22/2024		7,493,000		6,965,604
2.700%, 01/15/2025		5,893,000		5,426,059
3.250%, 03/15/2027		1,690,000		1,434,894
4.000%, 01/15/2029		8,340,000		6,950,700
BNP Paribas SA 9.250%, (9.250% to 11-17-27, then 5 Year CMT + 4.969%), 11/17/2027 (B)(C)		2,997,000		3,043,461
BPCE SA 4.500%, 03/15/2025 (B)		7,805,000		7,521,721
Citigroup, Inc.
2.561%, (2.561% to 5-1-31, then SOFR + 1.167%), 05/01/2032		5,665,000		4,699,997
4.600%, 03/09/2026		14,638,000		14,333,148
Citizens Financial Group, Inc. 3.250%, 04/30/2030		12,256,000		10,155,011
CNA Financial Corp. 2.050%, 08/15/2030		2,944,000		2,402,183
CNO Financial Group, Inc. 5.250%, 05/30/2029		10,165,000		9,824,349
Credit Agricole SA
2.811%, 01/11/2041 (B)		5,816,000		3,881,862
3.250%, 01/14/2030 (B)		12,902,000		10,824,239
Danske Bank A/S 6.466%, (6.466% to 1-9-25, then 1 Year CMT + 2.100%), 01/09/2026 (B)		6,980,000		6,986,457
Deutsche Bank AG
2.311%, (2.311% to 11-16-26, then SOFR + 1.219%), 11/16/2027		7,009,000		5,939,663
2.552%, (2.552% to 1-7-27, then SOFR + 1.318%), 01/07/2028		11,487,000		9,748,170
Discover Financial Services
4.100%, 02/09/2027		4,203,000		3,975,310
6.700%, 11/29/2032		7,827,000		8,069,189
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then SOFR + 2.040%), 04/22/2031		12,793,000		10,936,321
2.956%, (2.956% to 5-13-30, then SOFR + 2.515%), 05/13/2031		12,141,000		10,494,820
4.600%, (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%), 02/01/2025 (C)		9,375,000		8,718,750
6.750%, (6.750% to 2-1-24, then 3 month LIBOR + 3.780%), 02/01/2024 (C)		12,306,000		12,348,825
Lazard Group LLC 4.375%, 03/11/2029		7,100,000		6,766,728
M&T Bank Corp. 5.125%, (5.125% to 11-1-26, then 3 month LIBOR + 3.520%), 11/01/2026 (C)		3,746,000		2,808,002

 

187

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Macquarie Bank, Ltd. 3.624%, 06/03/2030 (B)	$	6,523,000	$	5,628,754
MetLife, Inc. 6.400%, (6.400% to 12-15-36, then 3 month LIBOR + 2.205%), 12/15/2036		7,277,000		7,041,516
Morgan Stanley
2.239%, (2.239% to 7-21-31, then SOFR + 1.178%), 07/21/2032		4,486,000		3,599,381
2.484%, (2.484% to 9-16-31, then SOFR + 1.360%), 09/16/2036		11,122,000		8,449,371
NatWest Group PLC 3.754%, (3.754% to 11-1-24, then 5 Year CMT + 2.100%), 11/01/2029		4,512,000		4,230,704
NatWest Markets PLC 1.600%, 09/29/2026 (B)		12,231,000		10,675,102
Nippon Life Insurance Company 2.750%, (2.750% to 1-21-31, then 5 Year CMT + 2.653%), 01/21/2051 (B)		8,604,000		6,824,291
Prudential Financial, Inc. 5.125%, (5.125% to 11-28-31, then 5 Year CMT + 3.162%), 03/01/2052		4,543,000		4,002,796
Santander Holdings USA, Inc.
2.490%, (2.490% to 1-6-27, then SOFR + 1.249%), 01/06/2028		7,238,000		6,257,864
3.244%, 10/05/2026		16,909,000		15,316,519
3.450%, 06/02/2025		15,455,000		14,467,944
4.400%, 07/13/2027		3,574,000		3,346,018
SBL Holdings, Inc. 5.000%, 02/18/2031 (B)		7,908,000		6,552,420
Societe Generale SA
6.221%, (6.221% to 6-15-32, then 1 Year CMT + 3.200%), 06/15/2033 (B)		4,310,000		4,004,226
6.446%, (6.446% to 1-10-28, then 1 Year CMT + 2.550%), 01/10/2029 (B)		12,442,000		12,480,722
Synovus Bank/Columbus GA 5.625%, 02/15/2028		3,622,000		3,250,736
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (B)		9,222,000		7,775,327
The Goldman Sachs Group, Inc.
2.615%, (2.615% to 4-22-31, then SOFR + 1.281%), 04/22/2032		23,362,000		19,460,309
2.650%, (2.650% to 10-21-31, then SOFR + 1.264%), 10/21/2032		9,012,000		7,446,182
The PNC Financial Services Group, Inc.
3.400%, (3.400% to 9-15-26, then 5 Year CMT + 2.595%), 09/15/2026 (C)		12,274,000		9,733,527
4.850%, (4.850% to 6-1-23, then 3 month LIBOR + 3.040%), 06/01/2023 (C)		4,314,000		4,109,220
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%) , 03/15/2030 (C)		5,692,000		5,293,560
8.492%, (3 month LIBOR + 3.678%), 05/01/2023 (C)(D)		11,183,000		11,033,533
Wells Fargo & Company
2.393%, (2.393% to 6-2-27, then SOFR + 2.100%), 06/02/2028		19,183,000		17,273,503
2.879%, (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%), 10/30/2030		14,423,000		12,533,839

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Wells Fargo & Company (continued)
3.350%, (3.350% to 3-2-32, then SOFR + 1.500%), 03/02/2033	$	18,031,000	$	15,628,376
5.875%, (5.875% to 6-15-25, then 3 month LIBOR + 3.990%), 06/15/2025 (C)		22,240,000		21,850,800
				541,271,036
Health care – 1.4%
AmerisourceBergen Corp. 2.800%, 05/15/2030		9,144,000		8,023,936
Amgen, Inc. 5.250%, 03/02/2030		2,398,000		2,452,631
Centene Corp. 4.625%, 12/15/2029		13,970,000		13,135,153
CVS Health Corp.
3.750%, 04/01/2030		2,600,000		2,432,286
3.875%, 07/20/2025		1,840,000		1,807,008
5.050%, 03/25/2048		7,278,000		6,808,614
Fresenius Medical Care US Finance III, Inc.
2.375%, 02/16/2031 (B)		13,464,000		10,124,595
3.750%, 06/15/2029 (B)		12,965,000		11,214,032
Royalty Pharma PLC 1.750%, 09/02/2027		4,117,000		3,567,803
Universal Health Services, Inc.
1.650%, 09/01/2026		7,142,000		6,283,714
2.650%, 10/15/2030		7,813,000		6,264,377
Viatris, Inc.
2.300%, 06/22/2027		4,139,000		3,627,283
2.700%, 06/22/2030		5,951,000		4,836,803
4.000%, 06/22/2050		6,862,000		4,511,945
				85,090,180
Industrials – 4.6%
AerCap Ireland Capital DAC
1.750%, 01/30/2026		9,702,000		8,687,296
2.450%, 10/29/2026		24,766,000		22,232,755
3.000%, 10/29/2028		8,016,000		6,998,147
Air Canada 2013-1 Class A Pass Through Trust 4.125%, 05/15/2025 (B)		2,482,767		2,333,815
Air Canada 2017-1 Class B Pass Through Trust 3.700%, 01/15/2026 (B)		3,166,905		2,947,727
Air Lease Corp.
2.100%, 09/01/2028		4,481,000		3,733,497
2.875%, 01/15/2026		4,391,000		4,093,220
3.625%, 12/01/2027		4,932,000		4,552,376
Alaska Airlines 2020-1 Class B Pass Through Trust 8.000%, 08/15/2025 (B)		4,326,003		4,390,779
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028		7,196,818		6,389,197
American Airlines 2016-1 Class AA Pass Through Trust 3.575%, 01/15/2028		6,302,044		5,762,986
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		4,796,050		4,100,954
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		5,513,150		5,006,199
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		4,323,103		3,656,674

 

188

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032	$	6,487,288	$	5,324,220
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032		6,610,370		5,728,678
American Airlines 2021-1 Class A Pass Through Trust 2.875%, 07/11/2034		4,174,978		3,423,708
Ashtead Capital, Inc.
1.500%, 08/12/2026 (B)		4,620,000		4,049,272
4.250%, 11/01/2029 (B)		2,302,000		2,112,382
5.500%, 08/11/2032 (B)		6,391,000		6,278,255
5.550%, 05/30/2033 (B)		2,706,000		2,673,822
British Airways 2013-1 Class A Pass Through Trust 4.625%, 06/20/2024 (B)		1,829,376		1,797,566
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (B)		1,374,654		1,197,049
British Airways 2020-1 Class A Pass Through Trust 4.250%, 11/15/2032 (B)		2,348,344		2,170,637
British Airways 2020-1 Class B Pass Through Trust 8.375%, 11/15/2028 (B)		2,978,473		2,949,082
CoStar Group, Inc. 2.800%, 07/15/2030 (B)		10,366,000		8,685,619
DAE Funding LLC 3.375%, 03/20/2028 (B)		11,546,000		10,377,776
Delta Air Lines, Inc.
4.375%, 04/19/2028		6,570,000		6,104,187
4.500%, 10/20/2025 (B)		1,887,405		1,855,680
4.750%, 10/20/2028 (B)		7,687,678		7,414,858
Huntington Ingalls Industries, Inc. 4.200%, 05/01/2030		5,206,000		4,872,445
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032		6,820,526		5,761,067
Owens Corning 3.950%, 08/15/2029		8,341,000		7,857,635
Regal Rexnord Corp.
6.050%, 02/15/2026 (B)		4,778,000		4,798,944
6.400%, 04/15/2033 (B)		4,095,000		4,097,530
SMBC Aviation Capital Finance DAC 2.300%, 06/15/2028 (B)		3,894,000		3,283,889
The Boeing Company
3.200%, 03/01/2029		4,360,000		3,982,975
5.040%, 05/01/2027		12,923,000		13,016,725
5.150%, 05/01/2030		17,787,000		17,898,205
United Airlines 2014-2 Class A Pass Through Trust 3.750%, 09/03/2026		8,823,231		8,241,966
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028		8,014,239		6,913,242
United Airlines 2016-1 Class B Pass Through Trust 3.650%, 01/07/2026		7,247,049		6,751,212
United Airlines 2018-1 Class B Pass Through Trust 4.600%, 03/01/2026		2,889,156		2,715,997
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031		6,075,914		5,468,322

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
United Airlines 2020-1 Class A Pass Through Trust 5.875%, 10/15/2027	$	14,196,545	$	14,054,579
United Airlines 2020-1 Class B Pass Through Trust 4.875%, 01/15/2026		3,265,156		3,101,898
US Airways 2010-1 Class A Pass Through Trust 6.250%, 04/22/2023		1,237,619		1,225,883
US Airways 2012-1 Class A Pass Through Trust 5.900%, 10/01/2024		6,017,651		5,945,562
US Airways 2012-2 Class A Pass Through Trust 4.625%, 06/03/2025		3,244,692		3,037,316
				280,053,805
Information technology – 3.3%
Autodesk, Inc. 2.850%, 01/15/2030		4,681,000		4,134,104
Broadcom, Inc.
3.419%, 04/15/2033 (B)		11,115,000		9,300,025
4.750%, 04/15/2029		25,279,000		24,957,616
4.926%, 05/15/2037 (B)		4,669,000		4,245,918
Dell International LLC
4.900%, 10/01/2026		12,456,000		12,424,452
5.300%, 10/01/2029		6,177,000		6,223,586
Flex, Ltd. 6.000%, 01/15/2028		9,336,000		9,565,776
KLA Corp. 4.100%, 03/15/2029		7,616,000		7,496,979
Micron Technology, Inc.
4.185%, 02/15/2027		14,953,000		14,469,513
5.327%, 02/06/2029		19,168,000		19,282,838
Motorola Solutions, Inc.
2.300%, 11/15/2030		11,690,000		9,500,495
2.750%, 05/24/2031		9,922,000		8,193,605
4.600%, 05/23/2029		3,233,000		3,144,954
NXP BV 3.875%, 06/18/2026		12,831,000		12,391,245
Oracle Corp. 2.950%, 04/01/2030		15,041,000		13,280,513
Qorvo, Inc.
1.750%, 12/15/2024 (B)		6,016,000		5,584,773
3.375%, 04/01/2031 (B)		5,277,000		4,365,451
Renesas Electronics Corp. 1.543%, 11/26/2024 (B)		6,826,000		6,372,880
VeriSign, Inc. 2.700%, 06/15/2031		4,203,000		3,563,549
VMware, Inc. 4.700%, 05/15/2030		12,282,000		11,923,163
Western Digital Corp. 4.750%, 02/15/2026		8,529,000		8,183,187
				198,604,622
Materials – 0.5%
Anglo American Capital PLC 4.750%, 04/10/2027 (B)		4,433,000		4,336,924
Braskem Netherlands Finance BV 5.875%, 01/31/2050 (B)		7,579,000		5,691,717
Freeport-McMoRan, Inc.
4.250%, 03/01/2030		7,941,000		7,346,344
5.450%, 03/15/2043		9,268,000		8,669,155
Newmont Corp. 2.800%, 10/01/2029		3,137,000		2,773,973

 

189

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
OCI NV 6.700%, 03/16/2033	$	4,023,000	$	4,013,014
				32,831,127
Real estate – 1.7%
American Homes 4 Rent LP 4.250%, 02/15/2028		4,327,000		4,060,174
American Tower Corp. 3.800%, 08/15/2029		12,035,000		11,184,672
American Tower Trust I 5.490%, 03/15/2028 (B)		7,833,000		7,906,265
Crown Castle, Inc.
3.650%, 09/01/2027		11,831,000		11,222,959
3.800%, 02/15/2028		4,658,000		4,420,511
Extra Space Storage LP 5.700%, 04/01/2028		2,092,000		2,106,184
GLP Capital LP
3.250%, 01/15/2032		3,361,000		2,726,981
4.000%, 01/15/2030		3,326,000		2,949,264
5.375%, 04/15/2026		5,262,000		5,106,505
Host Hotels & Resorts LP
3.375%, 12/15/2029		10,874,000		9,194,615
3.500%, 09/15/2030		4,750,000		4,011,996
4.000%, 06/15/2025		13,557,000		13,001,303
4.500%, 02/01/2026		4,859,000		4,710,373
SBA Tower Trust
2.836%, 01/15/2025 (B)		7,899,000		7,482,521
6.599%, 01/15/2028 (B)		2,536,000		2,676,481
VICI Properties LP
4.125%, 08/15/2030 (B)		2,123,000		1,875,217
4.375%, 05/15/2025		2,868,000		2,776,383
4.625%, 12/01/2029 (B)		4,089,000		3,722,276
5.125%, 05/15/2032		1,733,000		1,632,729
				102,767,409
Utilities – 1.2%
AES Panama Generation Holdings SRL 4.375%, 05/31/2030 (B)		5,952,000		5,118,720
Atlantica Transmision Sur SA 6.875%, 04/30/2043 (B)		2,509,647		2,352,794
Dominion Energy, Inc. 3.375%, 04/01/2030		6,792,000		6,173,388
Emera US Finance LP 3.550%, 06/15/2026		6,192,000		5,900,966
NextEra Energy Capital Holdings, Inc.
2.250%, 06/01/2030		3,071,000		2,595,856
6.051%, 03/01/2025		1,846,000		1,877,939
NiSource, Inc.
3.600%, 05/01/2030		4,887,000		4,509,294
5.250%, 03/30/2028		1,446,000		1,470,931
NRG Energy, Inc.
2.450%, 12/02/2027 (B)		7,276,000		6,224,988
4.450%, 06/15/2029 (B)		5,451,000		4,942,419
7.000%, 03/15/2033 (B)		6,323,000		6,550,122
Vistra Operations Company LLC
3.700%, 01/30/2027 (B)		13,509,000		12,468,272
4.300%, 07/15/2029 (B)		11,729,000		10,499,887
				70,685,576
TOTAL CORPORATE BONDS (Cost $2,014,333,251)			$	1,812,045,568
MUNICIPAL BONDS – 1.0%
Foothill-Eastern Transportation Corridor Agency (California) 4.094%, 01/15/2049		8,396,000		7,369,954

Select Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
Golden State Tobacco Securitization Corp. (California) 4.214%, 06/01/2050	$	4,975,000	$	3,892,171
Maryland Health & Higher Educational Facilities Authority 3.197%, 07/01/2050		14,500,000		10,558,021
Mississippi Hospital Equipment & Facilities Authority 3.720%, 09/01/2026		7,677,000		7,250,171
New Jersey Transportation Trust Fund Authority
4.081%, 06/15/2039		9,117,000		8,088,243
4.131%, 06/15/2042		790,000		697,373
Ohio Turnpike & Infrastructure Commission 3.216%, 02/15/2048		6,950,000		5,206,062
Regents of the University of California Medical Center Pooled Revenue 3.006%, 05/15/2050		14,500,000		10,084,488
State Board of Administration Finance Corp. (Florida) 1.705%, 07/01/2027		5,122,000		4,566,611
TOTAL MUNICIPAL BONDS (Cost $72,593,207)			$	57,713,094
COLLATERALIZED MORTGAGE OBLIGATIONS – 9.9%
Commercial and residential – 7.8%
Angel Oak Mortgage Trust LLC
Series 2020-R1, Class A1, 0.990%, 04/25/2053 (B)(E)		2,899,165		2,620,867
Series 2021-2, Class A1, 0.985%, 04/25/2066 (B)(E)		2,448,718		2,048,002
Series 2021-4, Class A1, 1.035%, 01/20/2065 (B)(E)		5,474,782		4,391,273
Series 2021-5, Class A1, 0.951%, 07/25/2066 (B)(E)		6,674,863		5,489,250
Arroyo Mortgage Trust Series 2021-1R, Class A1 1.175%, 10/25/2048 (B)(E)		4,321,460		3,496,774
BAMLL Commercial Mortgage Securities Trust Series 2015-200P, Class A 3.218%, 04/14/2033 (B)		5,706,000		5,322,084
BBCMS Mortgage Trust Series 2020-C6, Class A2 2.690%, 02/15/2053		4,700,000		4,450,469
BOCA Commercial Mortgage Trust
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%), 6.597%, 05/15/2039 (B)(D)		5,954,000		5,777,451
Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%), 7.146%, 05/15/2039 (B)(D)		2,231,000		2,159,759
BPR Trust Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) 6.725%, 04/15/2037 (B)(D)		16,875,000		16,213,934
BRAVO Residential Funding Trust Series 2021-NQM1, Class A1 0.941%, 02/25/2049 (B)(E)		3,015,265		2,643,847
BX Commercial Mortgage Trust
Series 2020-VKNG, Class A (1 month CME Term SOFR + 1.044%), 5.872%, 10/15/2037 (B)(D)		5,770,164		5,640,802
Series 2021-ACNT, Class A (1 month LIBOR + 0.850%), 5.535%, 11/15/2038 (B)(D)		5,198,000		4,995,981

 

190

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BX Commercial Mortgage Trust (continued)
Series 2021-CIP, Class A (1 month LIBOR + 0.921%), 5.605%, 12/15/2038 (B)(D)	$	14,619,000	$	14,087,532
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%), 5.784%, 09/15/2036 (B)(D)		7,399,000		6,972,247
Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%), 5.817%, 01/17/2039 (B)(D)		12,523,000		12,001,203
BX Trust
Series 2021-MFM1, Class D (1 month CME Term SOFR + 1.614%), 6.441%, 01/15/2034 (B)(D)		3,097,040		2,910,415
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (B)		5,805,000		5,668,568
BXHPP Trust Series 2021-FILM, Class C (1 month LIBOR + 1.100%) 5.784%, 08/15/2036 (B)(D)		17,743,000		15,957,676
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) 6.434%, 12/15/2037 (B)(D)		1,944,000		1,895,145
Cantor Commercial Real Estate Lending Series 2019-CF1, Class A2 3.623%, 05/15/2052		11,754,000		11,431,242
Citigroup Commercial Mortgage Trust
Series 2019-SMRT, Class A, 4.149%, 01/10/2036 (B)		3,645,000		3,570,969
Series 2020-GC46, Class A2, 2.708%, 02/15/2053		13,170,000		12,457,517
COLT Mortgage Loan Trust
Series 2021-2, Class A1, 0.924%, 08/25/2066 (B)(E)		4,687,517		3,732,078
Series 2021-3, Class A1, 0.956%, 09/27/2066 (B)(E)		6,831,278		5,408,799
Series 2021-HX1, Class A1, 1.110%, 10/25/2066 (B)(E)		5,328,160		4,259,186
COLT Trust Series 2020-RPL1, Class A1 1.390%, 01/25/2065 (B)(E)		9,830,075		8,456,437
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) Series 2020-CX, Class D 2.683%, 11/10/2046 (B)(E)		4,291,000		3,039,109
Commercial Mortgage Trust (Deutsche Bank AG) Series 2020-CBM, Class A2 2.896%, 02/10/2037 (B)		5,531,000		5,153,016
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class B (1 month LIBOR + 1.230%), 5.914%, 05/15/2036 (B)(D)		4,340,202		4,268,849
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%), 6.284%, 05/15/2036 (B)(D)		5,822,514		5,689,986
Series 2020-NET, Class A, 2.257%, 08/15/2037 (B)		2,185,285		1,963,871
Series 2021-AFC1, Class A1, 0.830%, 03/25/2056 (B)(E)		10,310,467		8,207,579

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Credit Suisse Mortgage Capital Certificates (continued)
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (B)(E)	$	4,261,647	$	3,591,812
Series 2021-NQM3, Class A1, 1.015%, 04/25/2066 (B)(E)		3,923,502		3,191,644
Series 2021-NQM5, Class A1, 0.938%, 05/25/2066 (B)(E)		2,797,132		2,200,678
Series 2021-NQM6, Class A1, 1.174%, 07/25/2066 (B)(E)		6,652,540		5,340,912
Series 2021-RPL2, Class A1A, 1.115%, 01/25/2060 (B)(E)		11,329,250		9,136,948
DBJPM Mortgage Trust Series 2020-C9, Class A2 1.900%, 08/15/2053		8,970,000		8,126,257
Deephaven Residential Mortgage Trust Series 2021-2, Class A1 0.899%, 04/25/2066 (B)(E)		5,874,345		5,023,427
Ellington Financial Mortgage Trust
Series 2021-1, Class A1, 0.797%, 02/25/2066 (B)(E)		1,953,250		1,629,997
Series 2021-2, Class A1, 0.931%, 06/25/2066 (B)(E)		4,577,077		3,678,682
Flagstar Mortgage Trust Series 2021-1, Class A2 2.500%, 02/01/2051 (B)(E)		9,531,770		7,749,405
GCAT Trust
Series 2021-NQM1, Class A1, 0.874%, 01/25/2066 (B)(E)		3,252,206		2,735,167
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (B)(E)		3,348,215		2,740,530
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (B)(E)		5,407,047		4,413,626
GS Mortgage Securities Trust
Series 2019-GC40, Class A2, 2.971%, 07/10/2052		6,505,000		6,275,229
Series 2020-UPTN, Class A, 2.751%, 02/10/2037 (B)		5,820,000		5,393,566
Series 2021-STAR, Class A (1 month LIBOR + 0.950%), 5.634%, 12/15/2036 (B)(D)		13,304,000		12,816,531
GS Mortgage-Backed Securities Trust
Series 2020-NQM1, Class A1, 1.382%, 09/27/2060 (B)(E)		1,112,228		1,011,616
Series 2021-NQM1, Class A1, 1.017%, 07/25/2061 (B)(E)		2,350,102		2,023,566
Imperial Fund Mortgage Trust Series 2021-NQM1, Class A1 1.071%, 06/25/2056 (B)(E)		3,195,788		2,704,477
InTown Mortgage Trust Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) 7.316%, 08/15/2039 (B)(D)		9,705,000		9,625,930
Irvine Core Office Trust Series 2013-IRV, Class A2 3.174%, 05/15/2048 (B)(E)		6,620,000		6,415,191
JPMorgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A 3.024%, 01/05/2039 (B)		6,678,000		5,795,753

 

191

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
KNDL Mortgage Trust Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) 5.734%, 05/15/2036 (B)(D)	$	8,981,000	$	8,801,957
Life Mortgage Trust
Series 2021-BMR, Class A (1 month CME Term SOFR + 0.814%), 5.641%, 03/15/2038 (B)(D)		7,339,838		7,121,099
Series 2021-BMR, Class D (1 month CME Term SOFR + 1.514%), 6.341%, 03/15/2038 (B)(D)		5,951,884		5,623,309
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%), 6.122%, 05/15/2039 (B)(D)		16,812,000		16,435,863
MFA Trust Series 2021-NQM1, Class A1 1.153%, 04/25/2065 (B)(E)		2,632,090		2,308,933
MHP Trust Series 2022-MHIL, Class A (1 month CME Term SOFR + 0.815%) 5.642%, 01/15/2027 (B)(D)		7,636,264		7,329,855
New Residential Mortgage Loan Trust Series 2020-1A, Class A1B 3.500%, 10/25/2059 (B)(E)		2,644,090		2,432,400
NMLT Trust Series 2021-INV1, Class A1 1.185%, 05/25/2056 (B)(E)		9,857,529		8,189,682
NYMT Loan Trust Series 2022-CP1, Class A1 2.042%, 07/25/2061 (B)		3,226,332		2,911,253
OBX Trust
Series 2020-EXP2, Class A3, 2.500%, 05/25/2060 (B)(E)		2,181,895		1,810,220
Series 2021-NQM2, Class A1, 1.101%, 05/25/2061 (B)(E)		5,096,951		4,024,006
Series 2021-NQM3, Class A1, 1.054%, 07/25/2061 (B)(E)		7,389,060		5,618,339
Provident Funding Mortgage Trust Series 2020-F1, Class A2 2.000%, 01/25/2036 (B)(E)		8,162,511		6,973,644
SLG Office Trust Series 2021-OVA, Class C 2.851%, 07/15/2041 (B)		13,974,000		10,672,156
SMRT Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) 5.828%, 01/15/2039 (B)(D)		16,836,000		16,184,450
Starwood Mortgage Residential Trust
Series 2021-2, Class A1, 0.943%, 05/25/2065 (B)(E)		3,485,991		3,109,517
Series 2022-1, Class A1, 2.447%, 12/25/2066 (B)(E)		7,281,259		6,274,302
Towd Point Mortgage Trust
Series 2015-1, Class A5, 3.858%, 10/25/2053 (B)(E)		2,759,000		2,671,249
Series 2017-2, Class A1, 2.750%, 04/25/2057 (B)(E)		263,314		260,350
Series 2018-4, Class A1, 3.000%, 06/25/2058 (B)(E)		4,853,171		4,498,539
Series 2018-6, Class A1A, 3.750%, 03/25/2058 (B)(E)		366,469		356,334

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Towd Point Mortgage Trust (continued)
Series 2019-4, Class A1, 2.900%, 10/25/2059 (B)(E)	$	4,167,951	$	3,884,737
Series 2020-4, Class A1, 1.750%, 10/25/2060 (B)		5,533,098		4,932,115
Verus Securitization Trust
Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter), 1.218%, 05/25/2065 (B)		1,578,180		1,435,697
Series 2021-1, Class A1, 0.815%, 01/25/2066 (B)(E)		4,486,342		3,750,115
Series 2021-3, Class A1, 1.046%, 06/25/2066 (B)(E)		5,612,441		4,674,738
Series 2021-4, Class A1, 0.938%, 07/25/2066 (B)(E)		3,119,207		2,496,115
Series 2021-5, Class A1, 1.013%, 09/25/2066 (B)(E)		4,888,010		3,952,014
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (B)(E)		2,419,760		2,169,557
Series 2021-R2, Class A1, 0.918%, 02/25/2064 (B)(E)		2,875,160		2,457,943
Visio Trust Series 2020-1R, Class A1 1.312%, 11/25/2055 (B)		4,699,390		4,242,411
				471,605,760
U.S. Government Agency – 2.1%
Federal Home Loan Mortgage Corp.
Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%), 5.560%, 01/25/2042 (B)(D)		7,707,098		7,553,487
Series 2022-DNA2, Class M1B (1 month SOFR + 2.400%), 6.960%, 02/25/2042 (B)(D)		7,663,000		7,443,473
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%), 7.460%, 04/25/2042 (B)(D)		4,603,000		4,568,558
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%), 6.760%, 05/25/2042 (B)(D)		5,299,148		5,323,198
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%), 7.910%, 05/25/2042 (B)(D)		6,945,000		6,992,545
Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%), 9.060%, 06/25/2042 (B)(D)		10,181,000		10,562,611
Series K038, Class X1 IO, 1.076%, 03/25/2024		49,413,278		349,792
Series K048, Class X1 IO, 0.217%, 06/25/2025		151,990,356		632,006
Federal National Mortgage Association
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%), 6.660%, 03/25/2042 (B)(D)		6,314,218		6,302,429
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%), 6.560%, 03/25/2042 (B)(D)		2,728,717		2,730,372
Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%), 7.310%, 05/25/2042 (B)(D)		3,504,006		3,560,071
Series 427, Class C20 IO, 2.000%, 02/25/2051		42,732,840		5,695,212
Series 427, Class C77 IO, 2.500%, 09/25/2051		20,274,080		2,990,427

 

192

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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
Series 2012-114, Class IO, 0.613%, 01/16/2053	$	13,456,014	$	205,241
Series 2016-174, Class IO, 0.892%, 11/16/2056		10,026,557		409,114
Series 2017-109, Class IO, 0.230%, 04/16/2057		11,635,249		220,907
Series 2017-124, Class IO, 0.620%, 01/16/2059		13,894,055		422,670
Series 2017-135, Class IO, 0.720%, 10/16/2058		40,674,954		1,668,275
Series 2017-140, Class IO, 0.486%, 02/16/2059		19,368,318		648,540
Series 2017-159, Class IO, 0.434%, 06/16/2059		27,325,888		874,647
Series 2017-20, Class IO, 0.531%, 12/16/2058		25,464,995		654,916
Series 2017-22, Class IO, 0.758%, 12/16/2057		12,447,364		460,923
Series 2017-41, Class IO, 0.595%, 07/16/2058		9,672,291		271,300
Series 2017-46, Class IO, 0.697%, 11/16/2057		14,884,760		558,558
Series 2017-61, Class IO, 0.746%, 05/16/2059		21,679,899		808,801
Series 2018-158, Class IO, 0.773%, 05/16/2061		20,501,442		1,026,839
Series 2018-69, Class IO, 0.611%, 04/16/2060		22,792,314		1,052,068
Series 2019-131, Class IO, 0.802%, 07/16/2061		27,075,274		1,500,872
Series 2020-100, Class IO, 0.782%, 05/16/2062		28,829,658		1,712,291
Series 2020-108, Class IO, 0.847%, 06/16/2062		69,880,316		4,189,660
Series 2020-114, Class IO, 0.800%, 09/16/2062		68,738,920		4,253,262
Series 2020-118, Class IO, 0.881%, 06/16/2062		50,729,690		3,171,235
Series 2020-119, Class IO, 0.602%, 08/16/2062		28,571,430		1,449,103
Series 2020-120, Class IO, 0.760%, 05/16/2062		16,000,549		943,112
Series 2020-137, Class IO, 0.795%, 09/16/2062		89,256,813		5,108,373
Series 2020-150, Class IO, 0.961%, 12/16/2062		45,350,402		3,254,086
Series 2020-170, Class IO, 0.833%, 11/16/2062		58,448,604		3,751,980
Series 2020-92, Class IO, 0.877%, 02/16/2062		66,164,911		4,391,597
Series 2021-10, Class IO, 0.986%, 05/16/2063		42,298,309		3,068,311
Series 2021-11, Class IO, 1.020%, 12/16/2062		65,793,111		4,698,451
Series 2021-203, Class IO, 0.869%, 07/16/2063		55,370,647		3,714,108
Series 2021-3, Class IO, 0.867%, 09/16/2062		76,963,304		5,010,965
Series 2021-40, Class IO, 0.824%, 02/16/2063		20,107,742		1,294,583
Series 2022-181, Class IO, 0.715%, 07/16/2064		20,642,904		1,543,819

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2022-21, Class IO, 0.783%, 10/16/2063	$	18,968,051	$	1,235,552
				128,278,340
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $722,056,860)			$	599,884,100
ASSET BACKED SECURITIES – 11.6%
ABPCI Direct Lending Fund I, Ltd. Series 2020-1A, Class A 3.199%, 12/20/2030 (B)		9,473,000		8,542,079
Aligned Data Centers Issuer LLC Series 2021-1A, Class A2 1.937%, 08/15/2046 (B)		14,682,000		12,952,245
AmeriCredit Automobile Receivables Trust Series 2020-1, Class C 1.590%, 10/20/2025		7,850,000		7,651,337
AMSR Trust
Series 2020-SFR2, Class A 1.632%, 07/17/2037 (B)		9,605,000		8,894,388
Series 2020-SFR4, Class A 1.355%, 11/17/2037 (B)		2,973,000		2,704,226
Series 2021-SFR1, Class B 2.153%, 06/17/2038 (B)(E)		7,744,000		6,556,940
Series 2021-SFR4, Class A 2.117%, 12/17/2038 (B)		1,681,000		1,522,155
Applebee's Funding LLC
Series 2019-1A, Class A2I 4.194%, 06/05/2049 (B)		10,925,640		10,676,437
Series 2023-1A, Class A2 7.824%, 03/05/2053 (B)		3,779,000		3,779,000
Aqua Finance Trust Series 2021-A, Class A 1.540%, 07/17/2046 (B)		3,038,382		2,725,375
Arby's Funding LLC Series 2020-1A, Class A2 3.237%, 07/30/2050 (B)		10,384,725		9,100,789
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A 2.360%, 03/20/2026 (B)		10,031,000		9,510,026
Series 2020-1A, Class A 2.330%, 08/20/2026 (B)		6,502,000		6,104,542
Balboa Bay Loan Funding, Ltd. Series 2021-1A, Class A (3 month LIBOR + 1.200%) 6.008%, 07/20/2034 (B)(D)		3,723,000		3,629,061
Beacon Container Finance II LLC Series 2021-1A, Class A 2.250%, 10/22/2046 (B)		10,913,453		9,515,094
BRE Grand Islander Timeshare Issuer LLC Series 2019-A, Class A 3.280%, 09/26/2033 (B)		2,500,756		2,381,584
Carlyle U.S. CLO, Ltd. Series 2019-2A, Class A1R (3 month LIBOR + 1.120%) 5.912%, 07/15/2032 (B)(D)		4,566,000		4,479,849
CARS-DB4 LP Series 2020-1A, Class A1 2.690%, 02/15/2050 (B)		8,663,593		8,240,888

 

193

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
CF Hippolyta Issuer LLC
Series 2020-1, Class A1 1.690%, 07/15/2060 (B)	$	10,397,778	$	9,441,824
Series 2021-1A, Class A1 1.530%, 03/15/2061 (B)		9,760,980		8,614,595
Chase Auto Credit Linked Notes Series 2021-3, Class B 0.760%, 02/26/2029 (B)		2,940,184		2,789,440
CLI Funding VI LLC Series 2020-1A, Class A 2.080%, 09/18/2045 (B)		11,470,264		10,105,985
CLI Funding VIII LLC
Series 2021-1A, Class A 1.640%, 02/18/2046 (B)		9,244,534		8,026,897
Series 2022-1A, Class A 2.720%, 01/18/2047 (B)		6,125,269		5,338,970
DataBank Issuer
Series 2021-1A, Class A2 2.060%, 02/27/2051 (B)		15,959,000		14,164,203
Series 2021-2A, Class A2 2.400%, 10/25/2051 (B)		6,935,000		6,037,472
DB Master Finance LLC
Series 2017-1A, Class A2II 4.030%, 11/20/2047 (B)		4,092,600		3,811,021
Series 2021-1A, Class A2I 2.045%, 11/20/2051 (B)		16,095,263		14,159,035
Diamond Infrastructure Funding LLC Series 2021-1A, Class A 1.760%, 04/15/2049 (B)		10,702,000		9,158,970
Domino's Pizza Master Issuer LLC
Series 2017-1A, Class A23 4.118%, 07/25/2047 (B)		11,667,900		11,008,815
Series 2019-1A, Class A2 3.668%, 10/25/2049 (B)		3,492,000		3,106,546
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (B)		7,545,600		6,476,290
Driven Brands Funding LLC
Series 2018-1A, Class A2 4.739%, 04/20/2048 (B)		3,600,450		3,445,674
Series 2020-2A, Class A2 3.237%, 01/20/2051 (B)		7,443,100		6,360,077
Series 2021-1A, Class A2 2.791%, 10/20/2051 (B)		9,268,675		7,581,248
Elara HGV Timeshare Issuer LLC Series 2019-A, Class A 2.610%, 01/25/2034 (B)		3,286,765		3,082,278
Elmwood CLO IV, Ltd. Series 2020-1A, Class A (3 month LIBOR + 1.240%) 6.032%, 04/15/2033 (B)(D)		7,297,000		7,187,093
Exeter Automobile Receivables Trust Series 2021-1A, Class C 0.740%, 01/15/2026		2,741,216		2,695,378
FirstKey Homes Trust
Series 2020-SFR2, Class A 1.266%, 10/19/2037 (B)		7,308,396		6,632,657
Series 2021-SFR1, Class A 1.538%, 08/17/2038 (B)		5,587,077		4,922,707
Series 2021-SFR1, Class C 1.888%, 08/17/2038 (B)		12,224,000		10,623,271
Five Guys Funding LLC Series 2017-1A, Class A2 4.600%, 07/25/2047 (B)		6,659,585		6,507,167
Golub Capital Partners Funding, Ltd.
Series 2020-1A, Class A2 3.208%, 01/22/2029 (B)		7,732,000		7,159,221

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Golub Capital Partners Funding, Ltd. (continued)
Series 2021-1A, Class A2 2.773%, 04/20/2029 (B)	$	7,518,000	$	6,942,471
HI-FI Music IP Issuer LP Series 2022-1A, Class A2 3.939%, 02/01/2062 (B)		6,373,000		5,867,231
Hilton Grand Vacations Trust Series 2018-AA, Class A 3.540%, 02/25/2032 (B)		1,392,523		1,350,945
Home Partners of America Trust Series 2021-2, Class A 1.901%, 12/17/2026 (B)		3,148,916		2,797,616
Hotwire Funding LLC Series 2021-1, Class A2 2.311%, 11/20/2051 (B)		4,624,000		4,012,319
Jack in the Box Funding LLC
Series 2019-1A, Class A23 4.970%, 08/25/2049 (B)		2,560,740		2,327,958
Series 2022-1A, Class A2I 3.445%, 02/26/2052 (B)		8,440,740		7,587,837
Laurel Road Prime Student Loan Trust Series 2019-A, Class A2FX 2.730%, 10/25/2048 (B)		545,944		529,179
MetroNet Infrastructure Issuer LLC Series 2023-1A, Class A2 6.560%, 04/20/2053 (B)		4,446,000		4,386,757
Monroe Capital Funding, Ltd. Series 2021-1A, Class A2 2.815%, 04/22/2031 (B)		13,424,000		12,652,731
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (B)		2,361,300		2,299,621
Navient Private Education Loan Trust Series 2016-AA, Class A2A 3.910%, 12/15/2045 (B)		1,627,362		1,574,150
Navient Private Education Refi Loan Trust
Series 2019-EA, Class A2A 2.640%, 05/15/2068 (B)		3,859,695		3,640,197
Series 2019-FA, Class A2 2.600%, 08/15/2068 (B)		3,298,252		3,050,443
Series 2020-BA, Class A2 2.120%, 01/15/2069 (B)		6,586,289		6,018,895
Series 2020-GA, Class A 1.170%, 09/16/2069 (B)		5,603,859		5,011,956
Series 2020-HA, Class A 1.310%, 01/15/2069 (B)		6,688,658		6,136,699
Series 2021-A, Class A 0.840%, 05/15/2069 (B)		7,067,525		6,179,511
Navient Student Loan Trust Series 2020-2A, Class A1A 1.320%, 08/26/2069 (B)		5,939,008		5,051,424
Neighborly Issuer LLC
Series 2021-1A, Class A2 3.584%, 04/30/2051 (B)		13,359,053		11,345,883
Series 2022-1A, Class A2 3.695%, 01/30/2052 (B)		5,492,520		4,512,748
New Economy Assets Phase 1 Sponsor LLC
Series 2021-1, Class A1 1.910%, 10/20/2061 (B)		12,983,000		11,195,194
Series 2021-1, Class B1 2.410%, 10/20/2061 (B)		3,933,000		3,350,823
NRZ Excess Spread-Collateralized Notes
Series 2020-PLS1, Class A 3.844%, 12/25/2025 (B)		1,718,437		1,603,991

 

194

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
NRZ Excess Spread-Collateralized Notes (continued)
Series 2021-FHT1, Class A 3.104%, 07/25/2026 (B)	$	1,880,046	$	1,691,154
Oaktree CLO, Ltd. Series 2021-1A, Class A1 (3 month LIBOR + 1.160%) 5.952%, 07/15/2034 (B)(D)		11,169,000		10,895,650
Ocean Trails CLO X Series 2020-10A, Class AR (3 month LIBOR + 1.220%) 6.012%, 10/15/2034 (B)(D)		5,975,000		5,800,638
OCP CLO, Ltd. Series 2020-19A, Class AR (3 month LIBOR + 1.150%) 5.958%, 10/20/2034 (B)(D)		4,404,000		4,288,487
Oxford Finance Funding LLC Series 2020-1A, Class A2 3.101%, 02/15/2028 (B)		3,701,076		3,678,804
Progress Residential Trust
Series 2021-SFR2, Class A 1.546%, 04/19/2038 (B)		19,321,665		17,278,064
Series 2021-SFR5, Class A 1.427%, 07/17/2038 (B)		13,519,010		11,982,001
Series 2021-SFR8, Class B 1.681%, 10/17/2038 (B)		4,514,000		3,925,941
SCF Equipment Leasing LLC
Series 2019-2A, Class C 3.110%, 06/21/2027 (B)		12,112,000		11,548,581
Series 2021-1A, Class B 1.370%, 08/20/2029 (B)		6,799,000		6,237,051
Series 2022-2A, Class A3 6.500%, 10/21/2030 (B)		12,961,000		13,344,077
SERVPRO Master Issuer LLC Series 2021-1A, Class A2 2.394%, 04/25/2051 (B)		7,112,318		5,818,985
Sesac Finance LLC Series 2019-1, Class A2 5.216%, 07/25/2049 (B)		10,084,250		9,475,797
Sierra Timeshare Receivables Funding LLC Series 2021-1A, Class A 0.990%, 11/20/2037 (B)		3,965,534		3,696,418
SMB Private Education Loan Trust
Series 2019-B, Class A2A 2.840%, 06/15/2037 (B)		6,584,423		6,186,394
Series 2020-PTA, Class A2A 1.600%, 09/15/2054 (B)		5,359,909		4,790,774
Series 2021-A, Class APT2 1.070%, 01/15/2053 (B)		3,997,875		3,441,395
SoFi Professional Loan Program LLC Series 2019-B, Class A2FX 3.090%, 08/17/2048 (B)		1,248,785		1,180,324
Sonic Capital LLC
Series 2020-1A, Class A2I 3.845%, 01/20/2050 (B)		8,546,364		7,867,005
Series 2020-1A, Class A2II 4.336%, 01/20/2050 (B)		7,428,995		6,646,707
Series 2021-1A, Class A2I 2.190%, 08/20/2051 (B)		6,981,680		5,694,000
Starwood Property Mortgage Trust Series 2021-SIF2A, Class A1 (3 month CME Term SOFR + 1.550%) 6.208%, 01/15/2033 (B)(D)		10,802,000		10,715,786
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (B)		3,759,006		3,155,492

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Taco Bell Funding LLC Series 2021-1A, Class A2I 1.946%, 08/25/2051 (B)	$	14,171,613	$	12,323,195
TIF Funding II LLC
Series 2020-1A, Class A 2.090%, 08/20/2045 (B)		13,261,115		11,673,111
Series 2021-1A, Class A 1.650%, 02/20/2046 (B)		5,754,744		4,850,926
Tricon American Homes Trust Series 2020-SFR2, Class A 1.482%, 11/17/2039 (B)		9,474,939		7,996,653
Triton Container Finance VIII LLC
Series 2020-1A, Class A 2.110%, 09/20/2045 (B)		13,349,700		11,695,294
Series 2021-1A, Class A 1.860%, 03/20/2046 (B)		7,908,240		6,791,623
Vantage Data Centers LLC
Series 2019-1A, Class A2 3.188%, 07/15/2044 (B)		9,698,552		9,359,845
Series 2020-1A, Class A2 1.645%, 09/15/2045 (B)		8,834,000		7,949,081
Series 2020-2A, Class A2 1.992%, 09/15/2045 (B)		6,853,000		5,799,545
VCP RRL ABS I, Ltd. Series 2021-1A, Class A 2.152%, 10/20/2031 (B)		3,175,362		2,923,467
VR Funding LLC Series 2020-1A, Class A 2.790%, 11/15/2050 (B)		8,569,453		7,337,620
VSE VOI Mortgage LLC Series 2017-A, Class A 2.330%, 03/20/2035 (B)		2,393,423		2,311,275
Wendy's Funding LLC Series 2021-1A, Class A2I 2.370%, 06/15/2051 (B)		8,013,270		6,721,683
Westgate Resorts LLC Series 2022-1A, Class A 1.788%, 08/20/2036 (B)		6,547,494		6,209,039
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (B)		3,094,273		2,471,629
Wingstop Funding LLC Series 2020-1A, Class A2 2.841%, 12/05/2050 (B)		16,055,763		14,073,598
Zaxby's Funding LLC Series 2021-1A, Class A2 3.238%, 07/30/2051 (B)		6,187,770		5,181,540
TOTAL ASSET BACKED SECURITIES (Cost $779,497,561)			$	701,838,077
SHORT-TERM INVESTMENTS – 1.6%
Short-term funds – 1.6%
John Hancock Collateral Trust, 4.9438% (F)(G)		9,935,374		99,322,943
TOTAL SHORT-TERM INVESTMENTS (Cost $99,318,713)			$	99,322,943
Total Investments (Select Bond Trust) (Cost $6,594,700,253) – 100.7%			$	6,087,194,015
Other assets and liabilities, net – (0.7%)				(42,730,201)
TOTAL NET ASSETS – 100.0%			$	6,044,463,814

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate

 

195

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Select 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)	Security purchased or sold on a when-issued or delayed delivery basis.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $1,557,773,407 or 25.8% of the fund's net assets as of 3-31-23.

Select Bond Trust (continued)

(C)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(E)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(F)	The rate shown is the annualized seven-day yield as of 3-31-23.
(G)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year U.S. Treasury Note Futures	361	Long	Jun 2023	$41,378,280	$41,486,797	$108,517
U.S. Treasury Long Bond Futures	358	Long	Jun 2023	44,979,254	46,953,938	1,974,684
						$2,083,201

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

Short Term Government Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 94.0%
U.S. Government – 31.4%
U.S. Treasury Notes
0.625%, 07/31/2026	$	1,000,000	$	902,031
0.875%, 06/30/2026		1,800,000		1,641,305
1.125%, 10/31/2026		2,500,000		2,280,176
2.000%, 05/31/2024		2,000,000		1,943,906
2.125%, 03/31/2024		2,700,000		2,635,031
2.625%, 04/15/2025		2,000,000		1,943,594
2.875%, 11/30/2023		6,115,000		6,041,668
3.500%, 01/31/2028		17,150,000		17,060,232
4.000%, 02/15/2026 to 02/29/2028		4,000,000		4,044,375
4.250%, 10/15/2025		2,500,000		2,519,336
4.500%, 11/30/2024		11,320,000		11,364,219
4.625%, 03/15/2026		1,675,000		1,713,211
				54,089,084
U.S. Government Agency – 62.6%
Federal Farm Credit Bank
0.500%, 12/23/2025 to 02/04/2026		10,000,000		9,059,952
0.680%, 01/13/2027		6,000,000		5,312,505
1.600%, 12/14/2026		2,000,000		1,829,883
3.370%, 12/08/2025		2,000,000		1,947,170
Federal Home Loan Bank
0.625%, 11/27/2024		2,000,000		1,881,015
0.650%, 02/26/2026		6,000,000		5,437,886
0.700%, 01/28/2026		7,000,000		6,371,994
0.850%, 10/28/2024		4,000,000		3,783,396
0.900%, 02/26/2027		2,000,000		1,779,619
1.000%, 11/08/2024 to 03/23/2026		3,950,000		3,668,869
1.100%, 07/13/2026 to 08/20/2026		3,000,000		2,725,804
2.750%, 03/25/2027		2,600,000		2,465,955
3.250%, 06/09/2025		2,415,000		2,357,653
3.500%, 05/19/2025		4,000,000		3,918,906
4.130%, 08/28/2025		2,500,000		2,468,224
5.000%, 10/20/2025 to 09/14/2027		3,300,000		3,278,190
6.000%, 02/24/2028 to 03/13/2028		3,500,000		3,503,543

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp.
0.375%, 09/23/2025	$	3,060,000	$	2,795,631
0.640%, 11/24/2025		2,000,000		1,832,526
0.650%, 10/22/2025		2,000,000		1,836,125
0.700%, 12/23/2025		2,000,000		1,826,464
0.800%, 10/27/2026		2,000,000		1,786,200
1.500%, 02/12/2025		6,000,000		5,711,383
2.500%, 09/01/2034		1,578,363		1,473,260
3.000%, 07/01/2030 to 12/01/2032		1,814,889		1,745,643
3.494%, (12 month LIBOR + 1.617%), 05/01/2045 (A)		316,350		319,725
3.500%, 04/01/2032		807,391		788,083
4.050%, 08/28/2025		2,000,000		1,972,499
4.250%, 08/25/2027		2,000,000		1,960,090
5.500%, 02/28/2028		2,060,000		2,050,635
7.000%, 04/01/2031 to 04/01/2032		245		260
Federal National Mortgage Association
0.375%, 08/25/2025		5,000,000		4,577,674
0.625%, 04/22/2025		4,000,000		3,719,031
0.650%, 12/17/2025		2,000,000		1,824,758
2.500%, 10/01/2027 to 09/01/2034		1,873,318		1,759,157
3.000%, 03/01/2028 to 09/01/2034		4,822,879		4,641,016
3.500%, 07/01/2031 to 06/01/2034		3,151,429		3,074,374
6.500%, 01/01/2039		231,848		249,067
7.000%, 12/01/2026 to 01/01/2029		606		630
8.000%, 10/01/2024 to 09/01/2030		668		711
				107,735,506
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $169,809,723)			$	161,824,590
MUNICIPAL BONDS – 4.5%
City of Houston (Texas) 3.628%, 05/15/2024		1,000,000		987,787
City of Houston, GO (Texas) 2.110%, 03/01/2025		1,000,000		951,449

 

196

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
City of New York, GO
1.990%, 10/01/2026	$	1,000,000	$	922,099
3.250%, 03/01/2024		1,000,000		984,921
County of Orange (Florida) 2.280%, 01/01/2026		1,000,000		946,460
Los Angeles Unified School District, GO (California) 1.540%, 09/15/2025		1,000,000		933,637
New York State Urban Development Corp. 3.080%, 03/15/2024		1,000,000		983,471
State of California, GO 2.375%, 10/01/2026		1,000,000		939,549
TOTAL MUNICIPAL BONDS (Cost $8,156,877)			$	7,649,373
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%
U.S. Government Agency – 0.7%
Federal Home Loan Mortgage Corp.
Series K030, Class X1 IO, 0.365%, 04/25/2023		8,141,717		81
Series K038, Class X1 IO, 1.076%, 03/25/2024		7,380,095		52,243
Federal National Mortgage Association
Series 427, Class C20 IO, 2.000%, 02/25/2051		1,181,567		157,473
Series 427, Class C77 IO, 2.500%, 09/25/2051		560,681		82,700
Government National Mortgage Association
Series 2012-114, Class IO, 0.613%, 01/16/2053		916,339		13,977
Series 2017-109, Class IO, 0.230%, 04/16/2057		864,475		16,413
Series 2017-124, Class IO, 0.620%, 01/16/2059		830,746		25,272
Series 2017-140, Class IO, 0.486%, 02/16/2059		644,761		21,590
Series 2017-20, Class IO, 0.531%, 12/16/2058		1,578,258		40,590
Series 2017-41, Class IO, 0.595%, 07/16/2058		871,923		24,457
Series 2017-46, Class IO, 0.697%, 11/16/2057		1,330,220		49,917
Series 2017-61, Class IO, 0.746%, 05/16/2059		747,051		27,870
Series 2017-74, Class IO, 0.448%, 09/16/2058		1,288,831		30,141

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 2017-89, Class IO, 0.502%, 07/16/2059	$	1,090,945	$	34,491
Series 2018-9, Class IO, 0.443%, 01/16/2060		1,360,537		42,066
Series 2020-118, Class IO, 0.881%, 06/16/2062		1,387,217		86,718
Series 2020-119, Class IO, 0.602%, 08/16/2062		787,315		39,932
Series 2020-120, Class IO, 0.760%, 05/16/2062		2,070,558		122,044
Series 2020-137, Class IO, 0.795%, 09/16/2062		1,410,404		80,721
Series 2020-170, Class IO, 0.833%, 11/16/2062		1,551,205		99,576
Series 2021-40, Class IO, 0.824%, 02/16/2063		487,875		31,411
Series 2022-53, Class IO, 0.712%, 06/16/2064		1,726,509		97,214
				1,176,897
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $3,294,132)			$	1,176,897
SHORT-TERM INVESTMENTS – 0.3%
Short-term funds – 0.3%
John Hancock Collateral Trust, 4.9438% (B)(C)		58,322		583,037
TOTAL SHORT-TERM INVESTMENTS (Cost $583,042)			$	583,037
Total Investments (Short Term Government Income Trust) (Cost $181,843,774) – 99.5%			$	171,233,897
Other assets and liabilities, net – 0.5%				860,266
TOTAL NET ASSETS – 100.0%			$	172,094,163

Security Abbreviations and Legend
GO	General Obligation
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	The rate shown is the annualized seven-day yield as of 3-31-23.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
5-Year U.S. Treasury Note Futures	17	Long	Jun 2023	$1,867,100	$1,861,633	$(5,467)
						$(5,467)

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

197

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 94.9%
Communication services – 2.6%
Diversified telecommunication services – 0.7%
Anterix, Inc. (A)	3,795	$	125,387
ATN International, Inc.	2,282		93,379
Bandwidth, Inc., Class A (A)	4,967		75,498
Charge Enterprises, Inc. (A)	26,959		29,655
Cogent Communications Holdings, Inc.	8,826		562,393
Consolidated Communications Holdings, Inc. (A)	15,848		40,888
EchoStar Corp., Class A (A)	7,334		134,139
Globalstar, Inc. (A)	143,464		166,418
IDT Corp., Class B (A)	3,154		107,488
Iridium Communications, Inc.	25,978		1,608,788
Liberty Latin America, Ltd., Class A (A)	13,203		109,717
Liberty Latin America, Ltd., Class C (A)	26,325		217,445
Ooma, Inc. (A)	5,047		63,138
Radius Global Infrastructure, Inc., Class A (A)	15,927		233,649
			3,567,982
Entertainment – 0.4%
Cinemark Holdings, Inc. (A)	22,667		335,245
IMAX Corp. (A)	9,911		190,093
Liberty Media Corp.-Liberty Braves, Class A (A)	3,260		112,731
Liberty Media Corp.-Liberty Braves, Class C (A)	6,622		223,095
Lions Gate Entertainment Corp., Class A (A)	12,528		138,685
Lions Gate Entertainment Corp., Class B (A)	24,200		251,196
Madison Square Garden Entertainment Corp. (A)	5,366		316,970
Playstudios, Inc. (A)	17,049		62,911
Reservoir Media, Inc. (A)	4,009		26,139
Skillz, Inc. (A)	65,294		38,732
The Marcus Corp.	5,056		80,896
Vivid Seats, Inc., Class A (A)(B)	5,726		43,689
			1,820,382
Interactive media and services – 0.7%
Bumble, Inc., Class A (A)	17,865		349,261
CarGurus, Inc. (A)	21,126		394,634
Cars.com, Inc. (A)	13,945		269,139
DHI Group, Inc. (A)	8,822		34,229
Eventbrite, Inc., Class A (A)	16,115		138,267
EverQuote, Inc., Class A (A)	4,246		59,019
FuboTV, Inc. (A)(B)	40,211		48,655
MediaAlpha, Inc., Class A (A)	5,247		78,600
Outbrain, Inc. (A)	9,300		38,409
QuinStreet, Inc. (A)	10,529		167,095
Shutterstock, Inc.	5,027		364,960
TrueCar, Inc. (A)	19,316		44,427
Vimeo, Inc. (A)	30,430		116,547
Vinco Ventures, Inc. (A)	38,997		12,530
Yelp, Inc. (A)	14,110		433,177
Ziff Davis, Inc. (A)	9,403		733,904
ZipRecruiter, Inc., Class A (A)	15,386		245,253
			3,528,106
Media – 0.7%
Advantage Solutions, Inc. (A)	18,231		28,805
AMC Networks, Inc., Class A (A)	6,381		112,178
Boston Omaha Corp., Class A (A)	4,433		104,929
Cardlytics, Inc. (A)(B)	7,115		24,155
Clear Channel Outdoor Holdings, Inc. (A)	79,505		95,406
Daily Journal Corp. (A)	274		78,079

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Entravision Communications Corp., Class A	12,960	$	78,408
Gannett Company, Inc. (A)	31,601		59,094
Gray Television, Inc.	17,326		151,083
iHeartMedia, Inc., Class A (A)	25,585		99,782
Innovid Corp. (A)	15,846		22,343
Integral Ad Science Holding Corp. (A)	8,302		118,470
John Wiley & Sons, Inc., Class A	8,851		343,153
Magnite, Inc. (A)	27,566		255,261
PubMatic, Inc., Class A (A)	9,015		124,587
Quotient Technology, Inc. (A)	19,458		63,822
Scholastic Corp.	6,141		210,145
Sinclair Broadcast Group, Inc., Class A	8,559		146,872
Stagwell, Inc. (A)	16,405		121,725
TechTarget, Inc. (A)	5,633		203,464
TEGNA, Inc.	45,713		773,007
The EW Scripps Company, Class A (A)	12,631		118,858
Thryv Holdings, Inc. (A)	5,315		122,564
WideOpenWest, Inc. (A)	11,136		118,376
			3,574,566
Wireless telecommunication services – 0.1%
Gogo, Inc. (A)	10,402		150,829
Shenandoah Telecommunications Company	10,037		190,904
Telephone & Data Systems, Inc.	21,050		221,236
United States Cellular Corp. (A)	3,041		63,040
			626,009
			13,117,045
Consumer discretionary – 10.8%
Automobile components – 1.4%
Adient PLC (A)	19,696		806,748
American Axle & Manufacturing Holdings, Inc. (A)	23,593		184,261
Dana, Inc.	26,748		402,557
Dorman Products, Inc. (A)	5,440		469,254
Fox Factory Holding Corp. (A)	8,795		1,067,449
Gentherm, Inc. (A)	6,842		413,394
Holley, Inc. (A)(B)	11,568		31,696
LCI Industries	5,132		563,853
Luminar Technologies, Inc. (A)(B)	52,422		340,219
Modine Manufacturing Company (A)	10,423		240,250
Motorcar Parts of America, Inc. (A)	4,332		32,230
Patrick Industries, Inc.	4,518		310,884
Solid Power, Inc. (A)(B)	27,745		83,512
Standard Motor Products, Inc.	4,057		149,744
Stoneridge, Inc. (A)	5,649		105,636
The Goodyear Tire & Rubber Company (A)	58,163		640,956
Visteon Corp. (A)	5,730		898,636
XPEL, Inc. (A)	4,450		302,378
			7,043,657
Automobiles – 0.1%
Canoo, Inc. (A)(B)	36,865		24,058
Fisker, Inc. (A)(B)	36,907		226,609
Lordstown Motors Corp., Class A (A)(B)	39,686		26,316
Winnebago Industries, Inc.	6,250		360,625
Workhorse Group, Inc. (A)(B)	32,125		42,726
			680,334
Broadline retail – 0.1%
1stdibs.com, Inc. (A)	4,988		19,802
Big Lots, Inc.	5,945		65,157
CarParts.com, Inc. (A)	10,850		57,939
ContextLogic, Inc., Class A (A)	118,196		52,692

 

198

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Broadline retail (continued)
Dillard's, Inc., Class A	827	$	254,451
Groupon, Inc. (A)(B)	4,614		19,425
Qurate Retail, Inc., Series A (A)	72,829		71,940
			541,406
Distributors – 0.0%
Funko, Inc., Class A (A)	6,683		63,021
Weyco Group, Inc.	1,445		36,559
			99,580
Diversified consumer services – 1.0%
2U, Inc. (A)	15,942		109,203
Adtalem Global Education, Inc. (A)	9,203		355,420
American Public Education, Inc. (A)	4,191		22,715
Carriage Services, Inc.	2,830		86,372
Chegg, Inc. (A)	25,643		417,981
Coursera, Inc. (A)	23,817		274,372
Duolingo, Inc. (A)	4,869		694,271
European Wax Center, Inc., Class A	4,969		94,411
frontdoor, Inc. (A)	17,135		477,724
Graham Holdings Company, Class B	746		444,497
Laureate Education, Inc.	27,371		321,883
Nerdy, Inc. (A)	12,156		50,812
OneSpaWorld Holdings, Ltd. (A)	14,077		168,783
Perdoceo Education Corp. (A)	13,740		184,528
Rover Group, Inc. (A)	19,831		89,834
Strategic Education, Inc.	4,686		420,943
Stride, Inc. (A)	8,255		324,009
Udemy, Inc. (A)	15,222		134,410
Universal Technical Institute, Inc. (A)	6,637		48,981
WW International, Inc. (A)	11,629		47,911
			4,769,060
Hotels, restaurants and leisure – 2.6%
Accel Entertainment, Inc. (A)	12,256		111,652
Bally's Corp. (A)	7,799		152,236
BJ's Restaurants, Inc. (A)	4,816		140,338
Bloomin' Brands, Inc.	18,281		468,908
Bluegreen Vacations Holding Corp.	2,589		70,887
Bowlero Corp. (A)	6,415		108,734
Brinker International, Inc. (A)	9,065		344,470
Century Casinos, Inc. (A)	5,989		43,899
Chuy's Holdings, Inc. (A)	3,846		137,879
Cracker Barrel Old Country Store, Inc.	4,639		526,990
Dave & Buster's Entertainment, Inc. (A)	8,904		327,578
Denny's Corp. (A)	12,063		134,623
Dine Brands Global, Inc.	3,043		205,829
El Pollo Loco Holdings, Inc.	4,372		41,927
Everi Holdings, Inc. (A)	18,257		313,108
F45 Training Holdings, Inc. (A)(B)	8,013		9,295
First Watch Restaurant Group, Inc. (A)	2,730		43,844
Full House Resorts, Inc. (A)	7,201		52,063
Golden Entertainment, Inc. (A)	4,234		184,221
Hilton Grand Vacations, Inc. (A)	17,996		799,562
Inspired Entertainment, Inc. (A)	4,610		58,962
International Game Technology PLC	20,540		550,472
Jack in the Box, Inc.	4,373		383,031
Krispy Kreme, Inc.	14,983		232,986
Kura Sushi USA, Inc., Class A (A)(B)	981		64,589
Life Time Group Holdings, Inc. (A)	9,002		143,672
Light & Wonder, Inc. (A)	19,527		1,172,596
Lindblad Expeditions Holdings, Inc. (A)	7,370		70,457
Monarch Casino & Resort, Inc.	2,724		201,985
NeoGames SA (A)	2,999		45,585
Noodles & Company (A)	9,190		44,572
ONE Group Hospitality, Inc. (A)	4,341		35,162
Papa John's International, Inc.	6,785		508,400

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Portillo's, Inc., Class A (A)	5,785	$	123,625
RCI Hospitality Holdings, Inc.	1,778		138,986
Red Rock Resorts, Inc., Class A	10,490		467,539
Rush Street Interactive, Inc. (A)	13,492		41,960
Ruth's Hospitality Group, Inc.	6,685		109,768
Sabre Corp. (A)	67,549		289,785
SeaWorld Entertainment, Inc. (A)	8,260		506,421
Shake Shack, Inc., Class A (A)	7,779		431,657
Sonder Holdings, Inc. (A)	40,283		30,498
Sweetgreen, Inc., Class A (A)	18,494		144,993
Target Hospitality Corp. (A)	6,125		80,483
Texas Roadhouse, Inc.	13,753		1,486,149
The Cheesecake Factory, Inc. (B)	10,198		357,440
Vacasa, Inc., Class A (A)	24,451		23,527
Wingstop, Inc.	6,192		1,136,727
Xponential Fitness, Inc., Class A (A)	3,700		112,443
			13,212,513
Household durables – 1.8%
Beazer Homes USA, Inc. (A)	6,353		100,886
Cavco Industries, Inc. (A)	1,844		585,913
Century Communities, Inc.	5,765		368,499
Dream Finders Homes, Inc., Class A (A)(B)	4,607		61,043
Ethan Allen Interiors, Inc.	4,747		130,353
GoPro, Inc., Class A (A)	27,208		136,856
Green Brick Partners, Inc. (A)	5,395		189,149
Hamilton Beach Brands Holding Company, Class B	1,197		12,257
Helen of Troy, Ltd. (A)	4,934		469,569
Hovnanian Enterprises, Inc., Class A (A)	1,125		76,320
Installed Building Products, Inc.	4,994		569,466
iRobot Corp. (A)	5,541		241,809
KB Home	15,859		637,215
La-Z-Boy, Inc.	8,885		258,376
Legacy Housing Corp. (A)	1,573		35,801
LGI Homes, Inc. (A)	4,256		485,312
M/I Homes, Inc. (A)	5,318		335,513
MDC Holdings, Inc.	11,659		453,185
Meritage Homes Corp.	7,440		868,694
Purple Innovation, Inc. (A)	11,989		31,651
Skyline Champion Corp. (A)	11,013		828,508
Snap One Holdings Corp. (A)(B)	4,331		40,495
Sonos, Inc. (A)	26,437		518,694
Taylor Morrison Home Corp. (A)	21,838		835,522
The Lovesac Company (A)	3,014		87,105
Tri Pointe Homes, Inc. (A)	20,518		519,516
Tupperware Brands Corp. (A)	9,583		23,958
Universal Electronics, Inc. (A)	2,897		29,376
Vizio Holding Corp., Class A (A)	14,428		132,449
Vuzix Corp. (A)(B)	12,567		52,027
			9,115,517
Leisure products – 0.4%
Acushnet Holdings Corp.	6,832		348,022
AMMO, Inc. (A)(B)	18,845		37,125
Clarus Corp.	6,189		58,486
Johnson Outdoors, Inc., Class A	1,187		74,793
Latham Group, Inc. (A)	9,584		27,410
Malibu Boats, Inc., Class A (A)	4,214		237,880
MasterCraft Boat Holdings, Inc. (A)	3,799		115,604
Smith & Wesson Brands, Inc.	9,520		117,191
Sturm Ruger & Company, Inc.	3,501		201,097
Topgolf Callaway Brands Corp. (A)	29,060		628,277

 

199

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
Vista Outdoor, Inc. (A)	11,440	$	317,002
			2,162,887
Specialty retail – 2.6%
1-800-Flowers.com, Inc., Class A (A)	5,909		67,954
Abercrombie & Fitch Company, Class A (A)	10,207		283,244
Academy Sports & Outdoors, Inc.	16,071		1,048,633
American Eagle Outfitters, Inc.	31,889		428,588
America's Car-Mart, Inc. (A)	1,264		100,121
Arko Corp.	17,830		151,377
Asbury Automotive Group, Inc. (A)	4,552		955,920
BARK, Inc. (A)	26,596		38,564
Bed Bath & Beyond, Inc. (A)	16,730		7,150
Big 5 Sporting Goods Corp.	4,657		35,812
Boot Barn Holdings, Inc. (A)	6,097		467,274
Build-A-Bear Workshop, Inc.	2,799		65,049
Caleres, Inc.	7,195		155,628
Camping World Holdings, Inc., Class A	7,986		166,668
Chico's FAS, Inc. (A)	24,954		137,247
Citi Trends, Inc. (A)	1,809		34,407
Designer Brands, Inc., Class A	10,730		93,780
Destination XL Group, Inc. (A)	12,057		66,434
EVgo, Inc. (A)(B)	14,482		112,815
Foot Locker, Inc.	16,777		665,879
Franchise Group, Inc. (B)	5,498		149,821
Genesco, Inc. (A)	2,659		98,064
Group 1 Automotive, Inc.	2,941		665,901
GrowGeneration Corp. (A)	12,248		41,888
Guess?, Inc.	6,704		130,460
Haverty Furniture Companies, Inc.	3,047		97,230
Hibbett, Inc.	2,619		154,469
Lands' End, Inc. (A)	3,501		34,030
LL Flooring Holdings, Inc. (A)	6,433		24,445
MarineMax, Inc. (A)	4,339		124,746
Monro, Inc.	6,630		327,721
Murphy USA, Inc.	4,332		1,117,873
National Vision Holdings, Inc. (A)	16,320		307,469
OneWater Marine, Inc., Class A (A)	2,297		64,247
Overstock.com, Inc. (A)	8,827		178,923
PetMed Express, Inc.	4,270		69,345
Rent the Runway, Inc., Class A (A)	10,524		29,993
Revolve Group, Inc. (A)	8,476		222,919
Sally Beauty Holdings, Inc. (A)	21,964		342,199
Shoe Carnival, Inc.	3,714		95,264
Signet Jewelers, Ltd.	9,441		734,321
Sleep Number Corp. (A)	4,547		138,274
Sonic Automotive, Inc., Class A	3,747		203,612
Sportsman's Warehouse Holdings, Inc. (A)	8,434		71,520
Stitch Fix, Inc., Class A (A)	17,708		90,488
The Aaron's Company, Inc.	6,388		61,708
The Buckle, Inc.	6,060		216,281
The Cato Corp., Class A	4,320		38,189
The Children's Place, Inc. (A)	2,681		107,910
The Container Store Group, Inc. (A)	7,214		24,744
The ODP Corp. (A)	8,364		376,213
The RealReal, Inc. (A)(B)	19,867		25,032
ThredUp, Inc., Class A (A)(B)	14,054		35,557
Tile Shop Holdings, Inc. (A)	6,129		28,745
Tilly's, Inc., Class A (A)	5,176		39,907
TravelCenters of America, Inc. (A)	2,620		226,630
Upbound Group, Inc.	10,506		257,502
Urban Outfitters, Inc. (A)	13,335		369,646
Warby Parker, Inc., Class A (A)	17,611		186,500
Winmark Corp.	586		187,772

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Zumiez, Inc. (A)	3,457	$	63,747
			12,843,849
Textiles, apparel and luxury goods – 0.8%
Allbirds, Inc., Class A (A)(B)	21,431		25,717
Crocs, Inc. (A)	12,542		1,585,810
Ermenegildo Zegna NV	12,244		167,008
Fossil Group, Inc. (A)	10,129		32,413
G-III Apparel Group, Ltd. (A)	9,191		142,920
Kontoor Brands, Inc.	11,400		551,646
Movado Group, Inc.	3,181		91,517
Oxford Industries, Inc.	3,034		320,360
PLBY Group, Inc. (A)(B)	9,391		18,594
Rocky Brands, Inc.	1,622		37,420
Steven Madden, Ltd.	16,159		581,724
Superior Group of Companies, Inc.	3,284		25,845
Wolverine World Wide, Inc.	16,437		280,251
			3,861,225
			54,330,028
Consumer staples – 3.6%
Beverages – 0.6%
Celsius Holdings, Inc. (A)	11,477		1,066,672
Coca-Cola Consolidated, Inc.	965		516,352
MGP Ingredients, Inc.	2,865		277,103
National Beverage Corp. (A)	4,860		256,219
Primo Water Corp.	32,520		499,182
The Duckhorn Portfolio, Inc. (A)	8,556		136,040
The Vita Coco Company, Inc. (A)	5,982		117,367
Vintage Wine Estates, Inc. (A)(B)	7,190		7,693
			2,876,628
Consumer staples distribution and retail – 0.6%
HF Foods Group, Inc. (A)	8,421		33,010
Ingles Markets, Inc., Class A	2,947		261,399
PriceSmart, Inc.	5,019		358,758
Rite Aid Corp. (A)(B)	11,735		26,286
SpartanNash Company	7,249		179,775
Sprouts Farmers Market, Inc. (A)	22,124		775,004
The Andersons, Inc.	6,656		275,026
The Chefs' Warehouse, Inc. (A)	7,142		243,185
The Fresh Market, Inc. (A)(C)	10,371		0
United Natural Foods, Inc. (A)	12,020		316,727
Village Super Market, Inc., Class A	2,089		47,796
Weis Markets, Inc.	3,399		287,793
			2,804,759
Food products – 1.2%
Alico, Inc.	1,445		34,969
B&G Foods, Inc.	14,523		225,542
Benson Hill, Inc. (A)	36,552		42,035
Beyond Meat, Inc. (A)(B)	13,056		211,899
BRC, Inc., Class A (A)(B)	5,736		29,483
Calavo Growers, Inc.	3,677		105,787
Cal-Maine Foods, Inc.	7,759		472,446
Fresh Del Monte Produce, Inc.	6,181		186,110
Hostess Brands, Inc. (A)	28,103		699,203
J&J Snack Foods Corp.	3,112		461,261
John B Sanfilippo & Son, Inc.	1,790		173,487
Lancaster Colony Corp.	3,995		810,506
Lifecore Biomedical, Inc. (A)	5,984		22,590
Local Bounti Corp. (A)	14,513		11,568
Mission Produce, Inc. (A)	8,358		92,857
Seneca Foods Corp., Class A (A)	1,117		58,386
Sovos Brands, Inc. (A)	7,656		127,702
SunOpta, Inc. (A)	20,625		158,813
The Hain Celestial Group, Inc. (A)	18,642		319,710

 

200

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
The Simply Good Foods Company (A)	18,471	$	734,592
Tootsie Roll Industries, Inc.	3,044		136,690
TreeHouse Foods, Inc. (A)	10,448		526,893
Utz Brands, Inc.	13,630		224,486
Vital Farms, Inc. (A)	6,409		98,058
Whole Earth Brands, Inc. (A)	9,502		24,325
			5,989,398
Household products – 0.3%
Central Garden & Pet Company (A)	3,275		134,472
Central Garden & Pet Company, Class A (A)	7,104		277,553
Energizer Holdings, Inc.	13,750		477,125
WD-40 Company	2,799		498,362
			1,387,512
Personal care products – 0.8%
BellRing Brands, Inc. (A)	27,148		923,032
e.l.f. Beauty, Inc. (A)	10,126		833,876
Edgewell Personal Care Company	10,685		453,258
Herbalife Nutrition, Ltd. (A)	20,355		327,716
Inter Parfums, Inc.	3,697		525,861
Medifast, Inc.	2,292		237,612
Nu Skin Enterprises, Inc., Class A	10,211		401,394
The Beauty Health Company (A)	20,141		254,381
The Honest Company, Inc. (A)	15,150		27,270
USANA Health Sciences, Inc. (A)	2,295		144,356
Veru, Inc. (A)(B)	13,454		15,607
			4,144,363
Tobacco – 0.1%
22nd Century Group, Inc. (A)(B)	35,441		27,254
Turning Point Brands, Inc.	3,052		64,092
Universal Corp.	4,924		260,430
Vector Group, Ltd.	29,453		353,731
			705,507
			17,908,167
Energy – 6.1%
Energy equipment and services – 1.9%
Archrock, Inc.	27,640		270,043
Borr Drilling, Ltd. (A)	41,544		314,904
Bristow Group, Inc. (A)	4,864		108,954
Cactus, Inc., Class A	12,121		499,749
ChampionX Corp.	41,683		1,130,860
Diamond Offshore Drilling, Inc. (A)	20,891		251,528
DMC Global, Inc. (A)	4,123		90,582
Dril-Quip, Inc. (A)	7,026		201,576
Expro Group Holdings NV (A)	16,173		296,936
Helix Energy Solutions Group, Inc. (A)	30,157		233,415
Helmerich & Payne, Inc.	21,123		755,147
Liberty Energy, Inc.	29,023		371,785
Nabors Industries, Ltd. (A)	1,883		229,557
National Energy Services Reunited Corp. (A)	8,069		42,443
Newpark Resources, Inc. (A)	18,916		72,827
NexTier Oilfield Solutions, Inc. (A)	36,212		287,885
Noble Corp. PLC (A)	17,199		678,845
Oceaneering International, Inc. (A)	20,971		369,719
Oil States International, Inc. (A)	13,500		112,455
Patterson-UTI Energy, Inc.	44,251		517,737
ProFrac Holding Corp., Class A (A)	4,728		59,904
ProPetro Holding Corp. (A)	18,007		129,470
RPC, Inc.	15,736		121,010
Select Energy Services, Inc., Class A	15,451		107,539
Solaris Oilfield Infrastructure, Inc., Class A	6,755		57,688

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
TETRA Technologies, Inc. (A)	26,743	$	70,869
Tidewater, Inc. (A)	9,517		419,509
U.S. Silica Holdings, Inc. (A)	15,477		184,795
Valaris, Ltd. (A)	12,451		810,062
Weatherford International PLC (A)	14,654		869,715
			9,667,508
Oil, gas and consumable fuels – 4.2%
Aemetis, Inc. (A)(B)	6,822		15,827
Alto Ingredients, Inc. (A)	15,709		23,564
Amplify Energy Corp. (A)	7,353		50,515
Arch Resources, Inc.	3,073		403,977
Ardmore Shipping Corp.	8,028		119,376
Berry Corp.	16,401		128,748
California Resources Corp.	15,479		595,942
Callon Petroleum Company (A)	10,193		340,854
Centrus Energy Corp., Class A (A)	2,246		72,321
Chord Energy Corp.	8,459		1,138,581
Civitas Resources, Inc.	15,202		1,038,905
Clean Energy Fuels Corp. (A)	35,516		154,850
CNX Resources Corp. (A)	37,418		599,436
Comstock Resources, Inc.	18,872		203,629
CONSOL Energy, Inc.	7,071		412,027
Crescent Energy Company, Class A (B)	8,018		90,684
CVR Energy, Inc.	6,112		200,351
Delek US Holdings, Inc.	14,460		331,857
Denbury, Inc. (A)	10,372		908,898
DHT Holdings, Inc.	27,850		301,059
Dorian LPG, Ltd.	6,164		122,910
Earthstone Energy, Inc., Class A (A)	8,935		116,244
Empire Petroleum Corp. (A)(B)	1,992		24,721
Energy Fuels, Inc. (A)(B)	32,788		182,957
Equitrans Midstream Corp.	85,264		492,826
Excelerate Energy, Inc., Class A	3,923		86,855
FLEX LNG, Ltd.	5,904		198,256
Frontline PLC (A)	25,266		418,405
Gevo, Inc. (A)(B)	42,088		64,816
Golar LNG, Ltd. (A)	20,892		451,267
Green Plains, Inc. (A)	11,118		344,547
Gulfport Energy Corp. (A)	2,341		187,280
HighPeak Energy, Inc.	1,331		30,613
International Seaways, Inc.	9,942		414,383
Kinetik Holdings, Inc.	3,452		108,048
Kosmos Energy, Ltd. (A)	93,219		693,549
Magnolia Oil & Gas Corp., Class A	35,952		786,630
Matador Resources Company	23,255		1,108,101
Murphy Oil Corp.	30,411		1,124,599
NACCO Industries, Inc., Class A	703		25,357
NextDecade Corp. (A)(B)	7,483		37,191
Nordic American Tankers, Ltd.	41,079		162,673
Northern Oil and Gas, Inc.	13,541		410,969
Par Pacific Holdings, Inc. (A)	10,194		297,665
PBF Energy, Inc., Class A	20,179		874,961
Peabody Energy Corp. (A)	24,283		621,645
Permian Resources Corp.	43,013		451,637
Ranger Oil Corp., Class A	4,058		165,729
REX American Resources Corp. (A)	3,399		97,177
Riley Exploration Permian, Inc.	2,214		84,265
Ring Energy, Inc. (A)(B)	19,044		36,184
SandRidge Energy, Inc. (A)	6,759		97,397
Scorpio Tankers, Inc.	9,743		548,628
SFL Corp., Ltd.	23,496		223,212
SilverBow Resources, Inc. (A)	2,456		56,120
Sitio Royalties Corp., Class A	14,598		329,915
SM Energy Company	25,057		705,605
Talos Energy, Inc. (A)	13,644		202,477

 

201

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Teekay Corp. (A)	15,496	$	95,765
Teekay Tankers, Ltd., Class A (A)	4,679		200,869
Tellurian, Inc. (A)(B)	105,935		130,300
Uranium Energy Corp. (A)	72,650		209,232
Ur-Energy, Inc. (A)	45,114		47,821
VAALCO Energy, Inc.	20,994		95,103
Vertex Energy, Inc. (A)(B)	11,304		111,684
Vital Energy, Inc. (A)	3,446		156,931
W&T Offshore, Inc. (A)	19,739		100,274
World Fuel Services Corp.	12,534		320,244
			20,985,438
			30,652,946
Financials – 15.2%
Banks – 8.1%
1st Source Corp.	3,101		133,808
ACNB Corp.	1,888		61,454
Amalgamated Financial Corp.	2,970		52,539
Amerant Bancorp, Inc.	5,770		125,555
American National Bankshares, Inc.	2,727		86,446
Ameris Bancorp	13,607		497,744
Arrow Financial Corp.	3,102		77,271
Associated Banc-Corp.	30,567		549,595
Atlantic Union Bankshares Corp.	15,315		536,791
Axos Financial, Inc. (A)	11,781		434,955
Banc of California, Inc.	11,480		143,844
BancFirst Corp.	3,985		331,154
Bank First Corp. (B)	1,400		103,012
Bank of Marin Bancorp	3,595		78,695
BankUnited, Inc.	16,207		365,954
Bankwell Financial Group, Inc.	1,631		40,547
Banner Corp.	6,867		373,359
Bar Harbor Bankshares	3,689		97,574
BayCom Corp.	3,065		52,350
BCB Bancorp, Inc.	3,462		45,456
Berkshire Hills Bancorp, Inc.	9,375		234,938
Blue Foundry Bancorp (A)	6,667		63,470
Blue Ridge Bankshares, Inc.	4,037		41,177
Bridgewater Bancshares, Inc. (A)	5,005		54,254
Brookline Bancorp, Inc.	20,309		213,245
Business First Bancshares, Inc.	4,889		83,749
Byline Bancorp, Inc.	5,034		108,835
Cadence Bank	37,365		775,697
Cambridge Bancorp	1,456		94,363
Camden National Corp.	2,930		106,037
Capital Bancorp, Inc.	2,324		38,671
Capital City Bank Group, Inc.	2,944		86,289
Capitol Federal Financial, Inc.	26,813		180,451
Capstar Financial Holdings, Inc.	4,875		73,856
Carter Bankshares, Inc. (A)	5,502		77,028
Cathay General Bancorp	14,643		505,476
Central Pacific Financial Corp.	5,699		102,012
Citizens & Northern Corp.	3,747		80,111
City Holding Company	2,716		246,830
Civista Bancshares, Inc.	3,755		63,384
CNB Financial Corp.	3,667		70,406
Coastal Financial Corp. (A)	2,388		85,992
Colony Bankcorp, Inc.	4,518		46,084
Columbia Banking System, Inc.	16,014		343,020
Columbia Financial, Inc. (A)	7,052		128,911
Community Bank System, Inc.	10,826		568,257
Community Trust Bancorp, Inc.	3,022		114,685
ConnectOne Bancorp, Inc.	7,760		137,197
CrossFirst Bankshares, Inc. (A)	9,857		103,301
Customers Bancorp, Inc. (A)	6,272		116,157
CVB Financial Corp.	26,902		448,725

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Dime Community Bancshares, Inc.	6,797	$	154,428
Eagle Bancorp, Inc.	6,321		211,564
Eastern Bankshares, Inc.	32,700		412,674
Enterprise Financial Services Corp.	6,961		310,391
Equity Bancshares, Inc., Class A	3,452		84,125
Esquire Financial Holdings, Inc.	1,593		62,286
Farmers & Merchants Bancorp, Inc. (B)	2,777		67,537
Farmers National Banc Corp.	7,030		88,859
FB Financial Corp.	7,405		230,147
Financial Institutions, Inc.	3,519		67,846
First Bancorp (North Carolina)	7,156		254,181
First Bancorp (Puerto Rico)	38,187		436,096
First Bank	4,155		41,966
First Busey Corp.	10,583		215,258
First Business Financial Services, Inc.	1,871		57,084
First Commonwealth Financial Corp.	18,837		234,144
First Community Bankshares, Inc.	3,659		91,658
First Financial Bancorp	19,080		415,372
First Financial Bankshares, Inc.	26,951		859,737
First Financial Corp.	1,964		73,611
First Foundation, Inc.	10,620		79,119
First Internet Bancorp	1,928		32,101
First Interstate BancSystem, Inc., Class A	18,909		564,623
First Merchants Corp.	11,648		383,802
First Mid Bancshares, Inc.	3,935		107,111
First Western Financial, Inc. (A)	1,729		34,234
Five Star Bancorp	2,135		45,561
Flushing Financial Corp.	6,215		92,541
Fulton Financial Corp.	32,845		453,918
FVCBankcorp, Inc. (A)	4,083		43,484
German American Bancorp, Inc.	5,442		181,600
Glacier Bancorp, Inc.	22,830		959,088
Great Southern Bancorp, Inc.	1,726		87,474
Greene County Bancorp, Inc.	1,074		24,358
Guaranty Bancshares, Inc.	2,024		56,409
Hancock Whitney Corp.	17,668		643,115
Hanmi Financial Corp.	6,283		116,675
HarborOne Bancorp, Inc.	9,967		121,597
Heartland Financial USA, Inc.	8,328		319,462
Heritage Commerce Corp.	12,904		107,490
Heritage Financial Corp.	7,010		150,014
Hilltop Holdings, Inc.	10,680		316,876
Home Bancorp, Inc.	1,812		59,850
Home BancShares, Inc.	38,654		839,178
HomeStreet, Inc.	3,828		68,866
HomeTrust Bancshares, Inc.	3,590		88,278
Hope Bancorp, Inc.	23,274		228,551
Horizon Bancorp, Inc.	8,685		96,056
Independent Bank Corp. (Massachusetts)	9,363		614,400
Independent Bank Corp. (Michigan)	4,866		86,469
Independent Bank Group, Inc.	7,392		342,619
International Bancshares Corp.	10,863		465,154
John Marshall Bancorp, Inc.	2,602		56,203
Kearny Financial Corp.	13,071		106,137
Lakeland Bancorp, Inc.	12,832		200,692
Lakeland Financial Corp.	4,901		306,999
Live Oak Bancshares, Inc.	7,021		171,102
Luther Burbank Corp.	3,612		34,242
Macatawa Bank Corp.	7,411		75,740
Mercantile Bank Corp.	3,504		107,152
Metrocity Bankshares, Inc.	4,321		73,846
Metropolitan Bank Holding Corp. (A)	2,170		73,541
Mid Penn Bancorp, Inc.	3,494		89,481
Midland States Bancorp, Inc.	4,612		98,789

 

202

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
MidWestOne Financial Group, Inc.	3,222	$	78,681
MVB Financial Corp.	2,333		48,153
National Bank Holdings Corp., Class A	5,848		195,674
NBT Bancorp, Inc.	8,201		276,456
New York Community Bancorp, Inc.	3,002		27,138
Nicolet Bankshares, Inc. (A)	2,460		155,103
Northeast Bank	1,433		48,235
Northfield Bancorp, Inc.	9,551		112,511
Northwest Bancshares, Inc.	24,010		288,840
OceanFirst Financial Corp.	11,710		216,401
OFG Bancorp	9,236		230,346
Old National Bancorp	60,171		867,666
Old Second Bancorp, Inc.	9,404		132,220
Origin Bancorp, Inc.	4,671		150,173
Orrstown Financial Services, Inc.	2,757		54,754
Pacific Premier Bancorp, Inc.	19,379		465,484
Park National Corp.	2,851		338,043
Parke Bancorp, Inc.	2,673		47,526
Pathward Financial, Inc.	6,076		252,093
PCB Bancorp	3,552		51,468
Peapack-Gladstone Financial Corp.	3,706		109,772
Peoples Bancorp, Inc.	5,682		146,312
Peoples Financial Services Corp.	1,622		70,314
Preferred Bank	2,696		147,768
Premier Financial Corp.	7,482		155,102
Primis Financial Corp.	6,047		58,233
Provident Bancorp, Inc.	4,019		27,490
Provident Financial Services, Inc.	14,755		283,001
QCR Holdings, Inc.	3,115		136,780
RBB Bancorp	3,586		55,583
Renasant Corp.	11,199		342,465
Republic Bancorp, Inc., Class A	1,875		79,556
Republic First Bancorp, Inc. (A)(B)	12,904		17,549
S&T Bancorp, Inc.	7,682		241,599
Sandy Spring Bancorp, Inc.	8,894		231,066
Seacoast Banking Corp. of Florida	14,993		355,334
ServisFirst Bancshares, Inc.	10,298		562,580
Shore Bancshares, Inc.	4,386		62,632
Sierra Bancorp	3,651		62,870
Silvergate Capital Corp., Class A (A)	6,595		10,684
Simmons First National Corp., Class A	25,276		442,077
SmartFinancial, Inc.	3,659		84,669
South Plains Financial, Inc.	2,023		43,312
Southern First Bancshares, Inc. (A)	1,911		58,668
Southern Missouri Bancorp, Inc.	1,796		67,188
Southside Bancshares, Inc.	5,879		195,183
SouthState Corp.	15,422		1,098,972
Stellar Bancorp, Inc.	9,647		237,413
Stock Yards Bancorp, Inc.	5,856		322,900
Texas Capital Bancshares, Inc. (A)	10,361		507,275
The Bancorp, Inc. (A)	11,501		320,303
The Bank of NT Butterfield & Son, Ltd.	10,226		276,102
The First Bancorp, Inc.	2,667		69,049
The First Bancshares, Inc.	4,234		109,364
The First of Long Island Corp.	5,562		75,087
The Hingham Institution for Savings	307		71,666
Third Coast Bancshares, Inc. (A)	3,231		50,759
Tompkins Financial Corp.	2,623		173,669
Towne Bank	13,530		360,575
TriCo Bancshares	6,227		258,981
Triumph Financial, Inc. (A)	4,996		290,068
Trustmark Corp.	12,327		304,477
UMB Financial Corp.	9,065		523,232
United Bankshares, Inc.	26,912		947,302
United Community Banks, Inc.	21,742		611,385

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Unity Bancorp, Inc.	1,769	$	40,351
Univest Financial Corp.	6,178		146,666
Valley National Bancorp	88,966		822,046
Veritex Holdings, Inc.	10,757		196,423
Washington Federal, Inc.	13,222		398,247
Washington Trust Bancorp, Inc.	3,476		120,478
WesBanco, Inc.	11,521		353,695
West BanCorp, Inc.	4,090		74,724
Westamerica BanCorp	4,943		218,975
WSFS Financial Corp.	13,110		493,067
			40,711,675
Capital markets – 1.6%
Artisan Partners Asset Management, Inc., Class A	12,336		394,505
AssetMark Financial Holdings, Inc. (A)	4,554		143,223
Avantax, Inc. (A)	9,975		262,542
B. Riley Financial, Inc. (B)	4,235		120,232
BGC Partners, Inc., Class A	66,356		347,042
Brightsphere Investment Group, Inc.	6,724		158,552
Cohen & Steers, Inc.	5,212		333,360
Diamond Hill Investment Group, Inc.	651		107,142
Donnelley Financial Solutions, Inc. (A)	5,334		217,947
Ellington Financial, Inc.	11,653		142,283
Federated Hermes, Inc.	17,462		700,925
Focus Financial Partners, Inc., Class A (A)	12,110		628,146
GCM Grosvenor, Inc., Class A	9,151		71,469
Hamilton Lane, Inc., Class A	7,420		548,932
Houlihan Lokey, Inc.	10,284		899,747
Moelis & Company, Class A	13,242		509,022
Open Lending Corp., Class A (A)	22,248		156,626
Oppenheimer Holdings, Inc., Class A	1,778		69,609
Perella Weinberg Partners	8,092		73,637
Piper Sandler Companies	3,555		492,759
PJT Partners, Inc., Class A	4,892		353,153
Sculptor Capital Management, Inc.	5,551		47,794
Silvercrest Asset Management Group, Inc., Class A	2,252		40,941
StepStone Group, Inc., Class A	11,209		272,042
StoneX Group, Inc. (A)	3,491		361,423
Victory Capital Holdings, Inc., Class A	3,414		99,928
Virtus Investment Partners, Inc.	1,468		279,493
WisdomTree, Inc.	28,986		169,858
			8,002,332
Consumer finance – 0.7%
Bread Financial Holdings, Inc.	10,302		312,357
Encore Capital Group, Inc. (A)	4,802		242,261
Enova International, Inc. (A)	6,411		284,841
EZCORP, Inc., Class A (A)	10,630		91,418
FirstCash Holdings, Inc.	7,882		751,706
Green Dot Corp., Class A (A)	10,133		174,085
LendingClub Corp. (A)	21,718		156,587
LendingTree, Inc. (A)	2,320		61,851
Navient Corp.	22,641		362,030
Nelnet, Inc., Class A	2,959		271,903
NerdWallet, Inc., Class A (A)	5,782		93,553
Oportun Financial Corp. (A)	6,425		24,801
PRA Group, Inc. (A)	8,091		315,225
PROG Holdings, Inc. (A)	10,610		252,412
Regional Management Corp.	1,784		46,545
World Acceptance Corp. (A)	887		73,878
			3,515,453
Financial services – 1.8%
Alerus Financial Corp.	3,801		61,006

 

203

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
A-Mark Precious Metals, Inc.	3,578	$	123,978
AvidXchange Holdings, Inc. (A)	30,570		238,446
Banco Latinoamericano de Comercio Exterior SA, Class E	6,383		110,937
Cannae Holdings, Inc. (A)	14,845		299,572
Cantaloupe, Inc. (A)	12,550		71,535
Cass Information Systems, Inc.	2,962		128,284
Compass Diversified Holdings	12,892		245,979
Enact Holdings, Inc.	6,047		138,234
Essent Group, Ltd.	21,590		864,680
EVERTEC, Inc.	12,481		421,234
Federal Agricultural Mortgage Corp., Class C	1,885		251,063
Flywire Corp. (A)	11,833		347,417
i3 Verticals, Inc., Class A (A)	4,664		114,408
International Money Express, Inc. (A)	6,540		168,601
Jackson Financial, Inc., Class A	15,221		569,418
Marqeta, Inc., Class A (A)	90,241		412,401
Merchants Bancorp	3,250		84,630
MoneyGram International, Inc. (A)	19,390		202,044
Mr. Cooper Group, Inc. (A)	14,375		588,944
NMI Holdings, Inc., Class A (A)	17,143		382,803
Payoneer Global, Inc. (A)	45,675		286,839
Paysafe, Ltd. (A)	6,328		109,285
PennyMac Financial Services, Inc.	5,670		337,989
Radian Group, Inc.	33,041		730,206
Remitly Global, Inc. (A)	21,032		356,492
Repay Holdings Corp. (A)	18,420		121,019
StoneCo, Ltd., Class A (A)	57,297		546,613
TrustCo Bank Corp. NY	4,053		129,453
Walker & Dunlop, Inc.	6,347		483,451
Waterstone Financial, Inc.	5,392		81,581
			9,008,542
Insurance – 2.0%
Ambac Financial Group, Inc. (A)	9,375		145,125
American Equity Investment Life Holding Company	14,454		527,426
AMERISAFE, Inc.	4,038		197,660
Argo Group International Holdings, Ltd.	6,603		193,402
Bright Health Group, Inc. (A)(B)	43,136		9,503
BRP Group, Inc., Class A (A)	12,550		319,523
CNO Financial Group, Inc.	23,514		521,776
Donegal Group, Inc., Class A	3,595		54,932
eHealth, Inc. (A)	5,478		51,274
Employers Holdings, Inc.	5,686		237,049
Enstar Group, Ltd. (A)	2,350		544,707
Genworth Financial, Inc., Class A (A)	101,363		508,842
Goosehead Insurance, Inc., Class A (A)	4,021		209,896
Greenlight Capital Re, Ltd., Class A (A)	6,608		62,049
HCI Group, Inc. (B)	1,432		76,755
Hippo Holdings, Inc. (A)	4,017		65,196
Horace Mann Educators Corp.	8,476		283,776
Investors Title Company	189		28,539
James River Group Holdings, Ltd.	7,818		161,442
Kinsale Capital Group, Inc.	4,445		1,334,167
Lemonade, Inc. (A)	9,857		140,561
MBIA, Inc. (A)	10,063		93,183
Mercury General Corp.	5,526		175,395
National Western Life Group, Inc., Class A	451		109,422
Oscar Health, Inc., Class A (A)	27,404		179,222
Palomar Holdings, Inc. (A)	5,029		277,601
ProAssurance Corp.	11,328		209,341
RLI Corp.	7,998		1,063,014
Safety Insurance Group, Inc.	2,929		218,269

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Selective Insurance Group, Inc.	12,269	$	1,169,604
Selectquote, Inc. (A)	29,055		63,049
SiriusPoint, Ltd. (A)	20,426		166,063
Stewart Information Services Corp.	5,520		222,732
Tiptree, Inc.	5,632		82,058
Trean Insurance Group, Inc. (A)	4,979		30,471
Trupanion, Inc. (A)	8,108		347,752
United Fire Group, Inc.	4,606		122,289
Universal Insurance Holdings, Inc.	6,066		110,523
			10,313,588
Mortgage real estate investment trusts – 1.0%
AFC Gamma, Inc.	3,801		46,220
Apollo Commercial Real Estate Finance, Inc.	28,700		267,197
Arbor Realty Trust, Inc.	33,979		390,419
Ares Commercial Real Estate Corp.	9,491		86,273
ARMOUR Residential REIT, Inc.	26,927		141,367
Blackstone Mortgage Trust, Inc., Class A	34,840		621,894
BrightSpire Capital, Inc.	20,280		119,652
Broadmark Realty Capital, Inc.	27,319		128,399
Chimera Investment Corp.	48,657		274,425
Claros Mortgage Trust, Inc.	18,907		220,267
Dynex Capital, Inc.	8,843		107,177
Franklin BSP Realty Trust, Inc.	17,344		206,914
Granite Point Mortgage Trust, Inc.	11,496		57,020
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	18,050		516,230
Invesco Mortgage Capital, Inc.	7,495		83,120
KKR Real Estate Finance Trust, Inc.	10,853		123,616
Ladder Capital Corp.	23,445		221,555
MFA Financial, Inc.	21,445		212,734
New York Mortgage Trust, Inc.	19,939		198,592
Orchid Island Capital, Inc.	7,545		80,958
PennyMac Mortgage Investment Trust	18,540		228,598
Ready Capital Corp.	15,183		154,411
Redwood Trust, Inc.	24,744		166,775
TPG RE Finance Trust, Inc.	14,613		106,090
Two Harbors Investment Corp.	17,729		260,794
			5,020,697
			76,572,287
Health care – 15.2%
Biotechnology – 6.3%
2seventy bio, Inc. (A)	8,160		83,232
4D Molecular Therapeutics, Inc. (A)	6,302		108,331
Aadi Bioscience, Inc. (A)	3,351		24,261
Absci Corp. (A)	12,283		21,495
ACADIA Pharmaceuticals, Inc. (A)	24,831		467,319
Achillion Pharmaceuticals, Inc. (A)(C)	38,157		57,381
Adicet Bio, Inc. (A)	6,214		35,793
ADMA Biologics, Inc. (A)	38,953		128,934
Aduro Biotech, Inc. (A)(C)	4,010		8,100
Aerovate Therapeutics, Inc. (A)	1,857		37,456
Affimed NV (A)	30,948		23,075
Agenus, Inc. (A)	63,193		96,053
Agios Pharmaceuticals, Inc. (A)	11,440		262,777
Akero Therapeutics, Inc. (A)	7,165		274,133
Albireo Pharma, Inc. (A)(C)	3,774		8,114
Alector, Inc. (A)	13,251		82,024
Alkermes PLC (A)	33,681		949,467
Allogene Therapeutics, Inc. (A)(B)	16,710		82,547
Allovir, Inc. (A)	7,023		27,671
Alpine Immune Sciences, Inc. (A)	4,792		36,994
ALX Oncology Holdings, Inc. (A)	4,616		20,864
Amicus Therapeutics, Inc. (A)	56,972		631,819

 

204

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
AnaptysBio, Inc. (A)	4,298	$	93,524
Anavex Life Sciences Corp. (A)(B)	14,379		123,228
Anika Therapeutics, Inc. (A)	3,118		89,549
Apellis Pharmaceuticals, Inc. (A)	19,384		1,278,569
Arbutus Biopharma Corp. (A)(B)	23,992		72,696
Arcellx, Inc. (A)	6,117		188,465
Arcturus Therapeutics Holdings, Inc. (A)	4,840		116,015
Arcus Biosciences, Inc. (A)	10,633		193,946
Arcutis Biotherapeutics, Inc. (A)	8,533		93,863
Arrowhead Pharmaceuticals, Inc. (A)	21,349		542,265
Atara Biotherapeutics, Inc. (A)	19,576		56,770
Aura Biosciences, Inc. (A)	4,035		37,445
Aurinia Pharmaceuticals, Inc. (A)	27,990		306,770
Avid Bioservices, Inc. (A)	12,788		239,903
Avidity Biosciences, Inc. (A)	11,121		170,707
Beam Therapeutics, Inc. (A)	13,159		402,929
BioCryst Pharmaceuticals, Inc. (A)	38,306		319,472
Biohaven, Ltd. (A)	13,127		179,315
Bioxcel Therapeutics, Inc. (A)(B)	4,080		76,133
Bluebird Bio, Inc. (A)	17,226		54,779
Blueprint Medicines Corp. (A)	12,395		557,651
Bridgebio Pharma, Inc. (A)	22,410		371,558
C4 Therapeutics, Inc. (A)	9,439		29,638
CareDx, Inc. (A)	10,614		97,012
Caribou Biosciences, Inc. (A)	11,910		63,242
Catalyst Pharmaceuticals, Inc. (A)	19,927		330,390
Celldex Therapeutics, Inc. (A)	9,468		340,659
Celularity, Inc. (A)	14,694		9,106
Century Therapeutics, Inc. (A)	4,647		16,125
Cerevel Therapeutics Holdings, Inc. (A)	11,819		288,265
Chimerix, Inc. (A)	17,308		21,808
Chinook Therapeutics, Inc. (A)	10,378		240,251
Cogent Biosciences, Inc. (A)	13,204		142,471
Coherus Biosciences, Inc. (A)	15,700		107,388
Crinetics Pharmaceuticals, Inc. (A)	11,023		177,029
CTI BioPharma Corp. (A)	20,562		86,360
Cullinan Oncology, Inc. (A)	6,412		65,595
Cytokinetics, Inc. (A)	16,944		596,259
Day One Biopharmaceuticals, Inc. (A)	5,657		75,634
Deciphera Pharmaceuticals, Inc. (A)	9,531		147,254
Denali Therapeutics, Inc. (A)	22,524		518,953
Design Therapeutics, Inc. (A)(B)	7,202		41,556
Dynavax Technologies Corp. (A)	24,631		241,630
Dyne Therapeutics, Inc. (A)	6,752		77,783
Eagle Pharmaceuticals, Inc. (A)	2,104		59,690
Editas Medicine, Inc. (A)	14,482		104,995
Emergent BioSolutions, Inc. (A)	10,784		111,722
Enanta Pharmaceuticals, Inc. (A)	4,079		164,955
EQRx, Inc. (A)	41,956		81,395
Erasca, Inc. (A)	14,105		42,456
Fate Therapeutics, Inc. (A)	17,326		98,758
FibroGen, Inc. (A)	18,323		341,907
Foghorn Therapeutics, Inc. (A)	4,381		27,162
Generation Bio Company (A)	10,344		44,479
Geron Corp. (A)	75,559		163,963
Gossamer Bio, Inc. (A)	13,653		17,203
GreenLight Biosciences Holdings PBC (A)	13,484		5,830
Halozyme Therapeutics, Inc. (A)	27,606		1,054,273
Heron Therapeutics, Inc. (A)(B)	22,663		34,221
HilleVax, Inc. (A)	3,622		59,872
Humacyte, Inc. (A)	13,424		41,480
Icosavax, Inc. (A)(B)	4,940		28,652
Ideaya Biosciences, Inc. (A)	9,126		125,300
IGM Biosciences, Inc. (A)	2,205		30,297

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
ImmunityBio, Inc. (A)	17,605	$	32,041
ImmunoGen, Inc. (A)	44,921		172,497
Immunovant, Inc. (A)	9,162		142,103
Inhibrx, Inc. (A)	6,734		127,071
Inovio Pharmaceuticals, Inc. (A)	51,811		42,485
Insmed, Inc. (A)	28,011		477,588
Intellia Therapeutics, Inc. (A)	17,608		656,250
Intercept Pharmaceuticals, Inc. (A)	5,225		70,172
Invivyd, Inc. (A)	11,974		14,369
Iovance Biotherapeutics, Inc. (A)	31,455		192,190
Ironwood Pharmaceuticals, Inc. (A)	27,921		293,729
iTeos Therapeutics, Inc. (A)	4,955		67,438
IVERIC bio, Inc. (A)	27,776		675,790
Janux Therapeutics, Inc. (A)(B)	3,588		43,415
KalVista Pharmaceuticals, Inc. (A)	5,543		43,568
Karuna Therapeutics, Inc. (A)	6,243		1,133,979
Karyopharm Therapeutics, Inc. (A)	16,283		63,341
Keros Therapeutics, Inc. (A)	3,960		169,092
Kezar Life Sciences, Inc. (A)	11,018		34,486
Kiniksa Pharmaceuticals, Ltd., Class A (A)	6,571		70,704
Kinnate Biopharma, Inc. (A)	6,366		39,788
Kodiak Sciences, Inc. (A)	7,278		45,124
Krystal Biotech, Inc. (A)	4,362		349,222
Kura Oncology, Inc. (A)	13,320		162,904
Kymera Therapeutics, Inc. (A)	7,933		235,055
Lexicon Pharmaceuticals, Inc. (A)	18,102		43,988
Lyell Immunopharma, Inc. (A)(B)	36,264		85,583
MacroGenics, Inc. (A)	13,046		93,540
Madrigal Pharmaceuticals, Inc. (A)	2,636		638,597
MannKind Corp. (A)	52,806		216,505
MeiraGTx Holdings PLC (A)	6,846		35,394
Mersana Therapeutics, Inc. (A)	19,191		78,875
MiMedx Group, Inc. (A)	24,073		82,089
Mirum Pharmaceuticals, Inc. (A)	3,753		90,147
Monte Rosa Therapeutics, Inc. (A)	6,481		50,487
Morphic Holding, Inc. (A)	5,494		206,794
Myriad Genetics, Inc. (A)	16,505		383,411
Nkarta, Inc. (A)	6,895		24,477
Nurix Therapeutics, Inc. (A)	9,711		86,234
Nuvalent, Inc., Class A (A)	4,119		107,465
Ocugen, Inc. (A)	46,575		39,733
Organogenesis Holdings, Inc. (A)	15,287		32,561
PDL BioPharma, Inc. (A)(C)	28,581		33,440
PepGen, Inc. (A)	3,128		38,255
PMV Pharmaceuticals, Inc. (A)	7,852		37,454
Point Biopharma Global, Inc. (A)	17,638		128,228
Precigen, Inc. (A)(B)	21,642		22,941
Prime Medicine, Inc. (A)	2,131		26,211
Progenics Pharmaceuticals, Inc. (A)(C)	24,422		28,107
Prometheus Biosciences, Inc. (A)	7,185		771,094
Protagonist Therapeutics, Inc. (A)	9,984		229,632
Prothena Corp. PLC (A)	7,568		366,821
PTC Therapeutics, Inc. (A)	14,495		702,138
Radius Health, Inc. (A)(C)	9,985		799
Rallybio Corp. (A)	3,909		22,320
RAPT Therapeutics, Inc. (A)	5,546		101,769
Recursion Pharmaceuticals, Inc., Class A (A)	28,706		191,469
REGENXBIO, Inc. (A)	8,368		158,239
Relay Therapeutics, Inc. (A)	17,720		291,848
Replimune Group, Inc. (A)	8,390		148,167
REVOLUTION Medicines, Inc. (A)	15,621		338,351
Rigel Pharmaceuticals, Inc. (A)	39,861		52,617
Rocket Pharmaceuticals, Inc. (A)	11,148		190,965

 

205

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Sage Therapeutics, Inc. (A)	10,798	$	453,084
Sana Biotechnology, Inc. (A)(B)	19,243		62,925
Sangamo Therapeutics, Inc. (A)	28,120		49,491
Seres Therapeutics, Inc. (A)	15,017		85,146
Sorrento Therapeutics, Inc. (A)	79,332		28,560
SpringWorks Therapeutics, Inc. (A)	7,528		193,771
Stoke Therapeutics, Inc. (A)	5,016		41,783
Sutro Biopharma, Inc. (A)	11,370		52,529
Syndax Pharmaceuticals, Inc. (A)	11,015		232,637
Synergy Pharmaceuticals, Inc. (A)(C)	80,513		233
Tango Therapeutics, Inc. (A)	9,992		39,468
TG Therapeutics, Inc. (A)	27,730		417,059
Travere Therapeutics, Inc. (A)	12,676		285,083
Twist Bioscience Corp. (A)	11,761		177,356
Tyra Biosciences, Inc. (A)(B)	2,939		47,230
Vanda Pharmaceuticals, Inc. (A)	11,596		78,737
Vaxart, Inc. (A)	26,416		19,989
Vaxcyte, Inc. (A)	14,800		554,704
Vera Therapeutics, Inc. (A)	3,093		24,002
Veracyte, Inc. (A)	14,913		332,560
Vericel Corp. (A)	9,814		287,746
Verve Therapeutics, Inc. (A)	9,712		140,047
Vir Biotechnology, Inc. (A)	14,964		348,212
Viridian Therapeutics, Inc. (A)	7,799		198,407
Xencor, Inc. (A)	11,847		330,413
Y-mAbs Therapeutics, Inc. (A)	7,922		39,689
Zentalis Pharmaceuticals, Inc. (A)	9,820		168,904
			31,607,321
Health care equipment and supplies – 3.7%
Alphatec Holdings, Inc. (A)	14,965		233,454
AngioDynamics, Inc. (A)	7,771		80,352
Artivion, Inc. (A)	8,194		107,341
AtriCure, Inc. (A)	9,435		391,081
Atrion Corp.	269		168,908
Avanos Medical, Inc. (A)	9,628		286,337
Axogen, Inc. (A)	8,790		83,066
Axonics, Inc. (A)	10,098		550,947
Butterfly Network, Inc. (A)(B)	28,987		54,496
Cardiovascular Systems, Inc. (A)	8,558		169,962
Cerus Corp. (A)	36,297		107,802
CONMED Corp.	6,017		624,926
Cue Health, Inc. (A)	23,504		42,777
Cutera, Inc. (A)	3,474		82,056
Embecta Corp.	12,024		338,115
Figs, Inc., Class A (A)	26,562		164,419
Glaukos Corp. (A)	9,440		472,944
Haemonetics Corp. (A)	10,443		864,158
Heska Corp. (A)	2,025		197,681
Inari Medical, Inc. (A)	9,990		616,783
Inogen, Inc. (A)	4,919		61,389
Inspire Medical Systems, Inc. (A)	5,828		1,364,160
Integer Holdings Corp. (A)	6,783		525,683
iRadimed Corp.	1,594		62,724
iRhythm Technologies, Inc. (A)	6,234		773,203
Lantheus Holdings, Inc. (A)	14,115		1,165,334
LeMaitre Vascular, Inc.	3,997		205,726
LivaNova PLC (A)	11,124		484,784
Merit Medical Systems, Inc. (A)	11,513		851,386
Mesa Laboratories, Inc.	1,056		184,515
Nano-X Imaging, Ltd. (A)(B)	9,864		56,915
Neogen Corp. (A)	44,981		833,048
Nevro Corp. (A)	7,234		261,509
NuVasive, Inc. (A)	10,842		447,883
Omnicell, Inc. (A)	9,221		540,996
OraSure Technologies, Inc. (A)	15,509		93,829

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Orthofix Medical, Inc. (A)	7,436	$	124,553
OrthoPediatrics Corp. (A)	3,128		138,539
Outset Medical, Inc. (A)	10,144		186,650
Paragon 28, Inc. (A)	9,652		164,760
PROCEPT BioRobotics Corp. (A)	5,333		151,457
Pulmonx Corp. (A)	7,395		82,676
RxSight, Inc. (A)	4,606		76,828
Senseonics Holdings, Inc. (A)	93,468		66,362
Shockwave Medical, Inc. (A)	7,355		1,594,785
SI-BONE, Inc. (A)	7,066		138,988
Sight Sciences, Inc. (A)	4,808		42,022
Silk Road Medical, Inc. (A)	7,749		303,218
STAAR Surgical Company (A)	9,919		634,320
Surmodics, Inc. (A)	2,907		66,221
Tactile Systems Technology, Inc. (A)	4,140		67,979
TransMedics Group, Inc. (A)	6,285		475,963
Treace Medical Concepts, Inc. (A)	6,932		174,617
UFP Technologies, Inc. (A)	1,419		184,243
Utah Medical Products, Inc.	740		70,130
Varex Imaging Corp. (A)	7,959		144,774
Vicarious Surgical, Inc. (A)	12,582		28,561
ViewRay, Inc. (A)	31,688		109,640
Zimvie, Inc. (A)	4,503		32,557
Zynex, Inc. (A)	4,597		55,164
			18,665,696
Health care providers and services – 2.4%
23andMe Holding Company, Class A (A)	54,691		124,695
Accolade, Inc. (A)	13,926		200,256
AdaptHealth Corp. (A)	14,900		185,207
Addus HomeCare Corp. (A)	3,168		338,216
Agiliti, Inc. (A)	5,807		92,796
Alignment Healthcare, Inc. (A)	20,466		130,164
AMN Healthcare Services, Inc. (A)	8,933		741,082
Apollo Medical Holdings, Inc. (A)	8,085		294,860
Brookdale Senior Living, Inc. (A)	39,110		115,375
Cano Health, Inc. (A)(B)	34,907		31,765
CareMax, Inc. (A)	13,154		35,121
Castle Biosciences, Inc. (A)	5,128		116,508
Clover Health Investments Corp. (A)(B)	80,941		68,403
Community Health Systems, Inc. (A)	26,278		128,762
CorVel Corp. (A)	1,833		348,783
Cross Country Healthcare, Inc. (A)	7,378		164,677
DocGo, Inc. (A)	17,094		147,863
Fulgent Genetics, Inc. (A)	4,422		138,055
HealthEquity, Inc. (A)	17,128		1,005,585
Hims & Hers Health, Inc. (A)	25,168		249,667
Innovage Holding Corp. (A)	4,103		32,742
Invitae Corp. (A)(B)	51,793		69,921
LifeStance Health Group, Inc. (A)(B)	15,514		115,269
ModivCare, Inc. (A)	2,623		220,542
National HealthCare Corp.	2,486		144,362
National Research Corp.	3,005		130,748
NeoGenomics, Inc. (A)	26,439		460,303
OPKO Health, Inc. (A)	85,924		125,449
Option Care Health, Inc. (A)	32,291		1,025,885
Owens & Minor, Inc. (A)	15,337		223,153
Patterson Companies, Inc.	17,925		479,852
Pediatrix Medical Group, Inc. (A)	17,357		258,793
PetIQ, Inc. (A)	5,898		67,473
Privia Health Group, Inc. (A)	9,493		262,102
Progyny, Inc. (A)	15,647		502,582
R1 RCM, Inc. (A)	31,301		469,515
RadNet, Inc. (A)	10,326		258,460
Select Medical Holdings Corp.	21,860		565,081
Surgery Partners, Inc. (A)	10,404		358,626

 

206

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
The Ensign Group, Inc.	11,099	$	1,060,398
The Joint Corp. (A)	3,219		54,176
The Pennant Group, Inc. (A)	5,650		80,682
US Physical Therapy, Inc.	2,639		258,384
			11,882,338
Health care technology – 0.5%
American Well Corp., Class A (A)	47,969		113,207
Computer Programs and Systems, Inc. (A)	3,075		92,865
Evolent Health, Inc., Class A (A)	16,934		549,508
Health Catalyst, Inc. (A)	11,833		138,091
HealthStream, Inc. (A)	5,090		137,939
MultiPlan Corp. (A)	79,262		84,018
NextGen Healthcare, Inc. (A)	11,596		201,886
Nutex Health, Inc. (A)	52,370		52,894
OptimizeRx Corp. (A)	3,638		53,224
Pear Therapeutics, Inc. (A)	14,728		3,756
Phreesia, Inc. (A)	10,293		332,361
Schrodinger, Inc. (A)	11,250		296,213
Sharecare, Inc. (A)	62,593		88,882
Simulations Plus, Inc.	3,243		142,497
Veradigm, Inc. (A)	22,576		294,617
			2,581,958
Life sciences tools and services – 0.7%
AbCellera Biologics, Inc. (A)	42,911		323,549
Adaptive Biotechnologies Corp. (A)	23,441		206,984
Akoya Biosciences, Inc. (A)	3,203		26,201
BioLife Solutions, Inc. (A)	7,170		155,948
Bionano Genomics, Inc. (A)(B)	63,711		70,719
Codexis, Inc. (A)	13,326		55,170
CryoPort, Inc. (A)	9,279		222,696
Cytek Biosciences, Inc. (A)	23,709		217,886
MaxCyte, Inc. (A)	19,002		94,060
Medpace Holdings, Inc. (A)	5,244		986,134
NanoString Technologies, Inc. (A)	9,924		98,248
OmniAb, Inc. (A)	16,440		60,499
OmniAb, Inc., $12.50 Earnout Shares (A)(C)	1,176		0
OmniAb, Inc., $15.00 Earnout Shares (A)(C)	1,176		0
Pacific Biosciences of California, Inc. (A)	46,989		544,133
PhenomeX, Inc. (A)	13,208		15,321
Quanterix Corp. (A)	7,230		81,482
Quantum-Si, Inc. (A)	20,178		35,513
Seer, Inc. (A)	11,315		43,676
Singular Genomics Systems, Inc. (A)(B)	13,621		16,481
SomaLogic, Inc. (A)	32,452		82,753
			3,337,453
Pharmaceuticals – 1.6%
Aclaris Therapeutics, Inc. (A)	13,313		107,702
Amneal Pharmaceuticals, Inc. (A)	22,334		31,044
Amphastar Pharmaceuticals, Inc. (A)	7,872		295,200
Amylyx Pharmaceuticals, Inc. (A)	10,439		306,280
AN2 Therapeutics, Inc. (A)	2,354		23,234
ANI Pharmaceuticals, Inc. (A)	2,736		108,674
Arvinas, Inc. (A)	10,093		275,741
Atea Pharmaceuticals, Inc. (A)	16,064		53,814
Athira Pharma, Inc. (A)	7,965		19,913
Axsome Therapeutics, Inc. (A)(B)	6,616		408,075
Cara Therapeutics, Inc. (A)	9,315		45,737
Cassava Sciences, Inc. (A)(B)	7,907		190,717
CinCor Pharma, Inc. (A)(C)	5,189		15,878
Collegium Pharmaceutical, Inc. (A)	7,044		168,986

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Corcept Therapeutics, Inc. (A)	17,773	$	384,963
DICE Therapeutics, Inc. (A)	7,288		208,801
Edgewise Therapeutics, Inc. (A)	7,967		53,140
Esperion Therapeutics, Inc. (A)	15,361		24,424
Evolus, Inc. (A)	7,505		63,492
Fulcrum Therapeutics, Inc. (A)	9,084		25,889
Harmony Biosciences Holdings, Inc. (A)	5,400		176,310
Innoviva, Inc. (A)	12,808		144,090
Intra-Cellular Therapies, Inc. (A)	18,933		1,025,222
Ligand Pharmaceuticals, Inc. (A)	3,133		230,463
Liquidia Corp. (A)	9,928		68,602
Nektar Therapeutics (A)	39,031		27,435
NGM Biopharmaceuticals, Inc. (A)	8,854		36,124
Nuvation Bio, Inc. (A)	27,418		45,514
Ocular Therapeutix, Inc. (A)	17,147		90,365
Pacira BioSciences, Inc. (A)	9,253		377,615
Phathom Pharmaceuticals, Inc. (A)(B)	5,424		38,727
Phibro Animal Health Corp., Class A	4,407		67,515
Prestige Consumer Healthcare, Inc. (A)	10,227		640,517
Provention Bio, Inc. (A)	13,229		318,819
Reata Pharmaceuticals, Inc., Class A (A)	5,772		524,790
Revance Therapeutics, Inc. (A)	16,639		535,942
Scilex Holding Company (A)	11,186		91,725
SIGA Technologies, Inc.	9,754		56,086
Supernus Pharmaceuticals, Inc. (A)	10,151		367,771
Tarsus Pharmaceuticals, Inc. (A)	4,015		50,469
Theravance Biopharma, Inc. (A)	13,744		149,122
Ventyx Biosciences, Inc. (A)	5,105		171,018
Xeris Biopharma Holdings, Inc. (A)	29,713		48,432
			8,094,377
			76,169,143
Industrials – 16.1%
Aerospace and defense – 1.0%
AAR Corp. (A)	6,983		380,923
Aerojet Rocketdyne Holdings, Inc. (A)	16,332		917,368
AeroVironment, Inc. (A)	5,089		466,458
AerSale Corp. (A)	4,237		72,961
Archer Aviation, Inc., Class A (A)	32,592		93,213
Astronics Corp. (A)	5,900		78,824
Cadre Holdings, Inc.	3,748		80,732
Ducommun, Inc. (A)	2,365		129,389
Kaman Corp.	5,863		134,028
Kratos Defense & Security Solutions, Inc. (A)	25,839		348,310
Maxar Technologies, Inc.	15,244		778,359
Moog, Inc., Class A	5,848		589,186
National Presto Industries, Inc.	1,149		82,831
Park Aerospace Corp.	4,206		56,571
Parsons Corp. (A)	6,872		307,453
Rocket Lab USA, Inc. (A)	45,899		185,432
Triumph Group, Inc. (A)	13,423		155,573
V2X, Inc. (A)	2,468		98,029
Virgin Galactic Holdings, Inc. (A)	50,637		205,080
			5,160,720
Air freight and logistics – 0.3%
Air Transport Services Group, Inc. (A)	12,057		251,147
Forward Air Corp.	5,495		592,141
Hub Group, Inc., Class A (A)	6,838		573,982
Radiant Logistics, Inc. (A)	7,969		52,277
			1,469,547
Building products – 1.4%
AAON, Inc.	9,044		874,464
American Woodmark Corp. (A)	3,486		181,516
Apogee Enterprises, Inc.	4,657		201,415

 

207

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
AZZ, Inc.	5,010	$	206,612
Caesarstone, Ltd. (B)	5,705		23,562
CSW Industrials, Inc.	3,018		419,291
Gibraltar Industries, Inc. (A)	6,731		326,454
Griffon Corp.	9,424		301,662
Insteel Industries, Inc.	3,926		109,221
Janus International Group, Inc. (A)	17,323		170,805
JELD-WEN Holding, Inc. (A)	17,925		226,931
Masonite International Corp. (A)	4,651		422,171
PGT Innovations, Inc. (A)	12,022		301,872
Quanex Building Products Corp.	6,999		150,688
Resideo Technologies, Inc. (A)	30,058		549,460
Simpson Manufacturing Company, Inc.	8,834		968,560
UFP Industries, Inc.	12,336		980,342
View, Inc. (A)(B)	26,426		13,213
Zurn Elkay Water Solutions Corp.	25,666		548,226
			6,976,465
Commercial services and supplies – 1.5%
ABM Industries, Inc.	13,699		615,633
ACCO Brands Corp.	19,772		105,187
ACV Auctions, Inc., Class A (A)	24,455		315,714
Aris Water Solutions, Inc., Class A	4,695		36,574
Brady Corp., Class A	9,446		507,534
BrightView Holdings, Inc. (A)	9,255		52,013
Casella Waste Systems, Inc., Class A (A)	10,271		849,001
Cimpress PLC (A)	3,756		164,588
CoreCivic, Inc. (A)	24,149		222,171
Deluxe Corp.	9,002		144,032
Ennis, Inc.	5,655		119,264
Harsco Corp. (A)	16,716		114,170
Healthcare Services Group, Inc.	15,465		214,500
Heritage-Crystal Clean, Inc. (A)	3,422		121,857
HNI Corp.	8,706		242,375
Interface, Inc.	12,610		102,393
KAR Auction Services, Inc. (A)	22,739		311,070
Kimball International, Inc., Class B	9,692		120,181
Li-Cycle Holdings Corp. (A)(B)	28,609		161,069
Liquidity Services, Inc. (A)	5,050		66,509
Matthews International Corp., Class A	6,376		229,919
MillerKnoll, Inc.	15,795		323,008
Montrose Environmental Group, Inc. (A)	5,782		206,244
Pitney Bowes, Inc.	36,654		142,584
SP Plus Corp. (A)	4,250		145,733
Steelcase, Inc., Class A	18,266		153,800
The Brink's Company	9,479		633,197
The GEO Group, Inc. (A)	24,328		191,948
UniFirst Corp.	3,063		539,792
Viad Corp. (A)	4,252		88,612
VSE Corp.	2,291		102,866
			7,343,538
Construction and engineering – 1.6%
Ameresco, Inc., Class A (A)	6,554		322,588
API Group Corp. (A)	42,745		960,908
Arcosa, Inc.	9,882		623,653
Argan, Inc.	2,827		114,409
Comfort Systems USA, Inc.	7,229		1,055,145
Concrete Pumping Holdings, Inc. (A)	4,952		33,674
Construction Partners, Inc., Class A (A)	8,466		228,074
Dycom Industries, Inc. (A)	5,945		556,749
EMCOR Group, Inc.	9,843		1,600,373
Fluor Corp. (A)	29,371		907,858
Granite Construction, Inc.	9,368		384,837
Great Lakes Dredge & Dock Corp. (A)	13,589		73,788
IES Holdings, Inc. (A)	2,028		87,387
MYR Group, Inc. (A)	3,377		425,536

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Northwest Pipe Company (A)	2,089	$	65,239
Primoris Services Corp.	11,014		271,605
Sterling Infrastructure, Inc. (A)	6,062		229,629
Tutor Perini Corp. (A)	9,240		57,011
			7,998,463
Electrical equipment – 1.4%
Allied Motion Technologies, Inc.	2,952		114,095
Array Technologies, Inc. (A)	31,286		684,538
Atkore, Inc. (A)	8,494		1,193,237
Babcock & Wilcox Enterprises, Inc. (A)	13,485		81,719
Blink Charging Company (A)(B)	7,631		66,008
Bloom Energy Corp., Class A (A)	37,218		741,755
Encore Wire Corp.	3,714		688,316
Energy Vault Holdings, Inc. (A)(B)	17,093		36,579
EnerSys	8,406		730,313
Enovix Corp. (A)(B)	22,775		339,575
ESS Tech, Inc. (A)(B)	18,336		25,487
Fluence Energy, Inc. (A)	7,646		154,832
FTC Solar, Inc. (A)(B)	9,771		21,985
FuelCell Energy, Inc. (A)(B)	84,839		241,791
GrafTech International, Ltd.	40,495		196,806
NuScale Power Corp. (A)(B)	6,312		57,376
Powell Industries, Inc.	2,054		87,480
Preformed Line Products Company	451		57,746
Shoals Technologies Group, Inc., Class A (A)	28,548		650,609
Stem, Inc. (A)(B)	29,907		169,573
SunPower Corp. (A)	16,985		235,072
Thermon Group Holdings, Inc. (A)	7,113		177,256
TPI Composites, Inc. (A)	8,008		104,504
Vicor Corp. (A)	4,589		215,408
			7,072,060
Ground transportation – 0.6%
ArcBest Corp.	5,034		465,242
Covenant Logistics Group, Inc.	1,983		70,238
Daseke, Inc. (A)	9,142		70,668
Heartland Express, Inc.	9,381		149,346
Marten Transport, Ltd.	12,041		252,259
PAM Transportation Services, Inc. (A)	1,335		38,221
Saia, Inc. (A)	5,488		1,493,175
TuSimple Holdings, Inc., Class A (A)	32,449		47,700
Universal Logistics Holdings, Inc.	1,433		41,772
Werner Enterprises, Inc.	13,107		596,237
			3,224,858
Industrial conglomerates – 0.0%
Brookfield Business Corp., Class A	5,506		109,129
Machinery – 3.8%
3D Systems Corp. (A)	26,299		281,925
Alamo Group, Inc.	2,035		374,766
Albany International Corp., Class A	6,426		574,227
Astec Industries, Inc.	4,763		196,474
Barnes Group, Inc.	10,139		408,399
Blue Bird Corp. (A)	3,640		74,365
Chart Industries, Inc. (A)	8,823		1,106,404
CIRCOR International, Inc. (A)	4,021		125,134
Columbus McKinnon Corp.	5,886		218,724
Desktop Metal, Inc., Class A (A)(B)	59,480		136,804
Douglas Dynamics, Inc.	4,699		149,851
Energy Recovery, Inc. (A)	11,645		268,417
Enerpac Tool Group Corp.	12,133		309,392
EnPro Industries, Inc.	4,260		442,571
ESCO Technologies, Inc.	5,277		503,690
Evoqua Water Technologies Corp. (A)	24,405		1,213,417
Federal Signal Corp.	12,227		662,826

 

208

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Franklin Electric Company, Inc.	9,475	$	891,598
Helios Technologies, Inc.	6,751		441,515
Hillenbrand, Inc.	14,607		694,271
Hillman Solutions Corp. (A)	27,884		234,783
Hyliion Holdings Corp. (A)(B)	30,232		59,859
Hyster-Yale Materials Handling, Inc.	2,433		121,382
Hyzon Motors, Inc. (A)(B)	19,787		16,128
John Bean Technologies Corp.	6,549		715,740
Kadant, Inc.	2,365		493,150
Kennametal, Inc.	16,879		465,523
Lindsay Corp.	2,226		336,415
Luxfer Holdings PLC	6,038		102,042
Markforged Holding Corp. (A)	24,756		23,736
Microvast Holdings, Inc. (A)	39,254		48,675
Miller Industries, Inc.	2,576		91,062
Mueller Industries, Inc.	11,474		843,110
Mueller Water Products, Inc., Class A	31,681		441,633
Nikola Corp. (A)(B)	71,319		86,296
Omega Flex, Inc.	665		74,108
Proterra, Inc. (A)(B)	47,302		71,899
Proto Labs, Inc. (A)	5,746		190,480
RBC Bearings, Inc. (A)	5,881		1,368,685
REV Group, Inc.	7,424		89,014
SPX Technologies, Inc. (A)	9,113		643,196
Standex International Corp.	2,379		291,285
Tennant Company	3,734		255,891
Terex Corp.	13,893		672,143
The Gorman-Rupp Company	4,734		118,350
The Greenbrier Companies, Inc.	6,589		211,968
The Manitowoc Company, Inc. (A)	7,815		133,558
The Shyft Group, Inc.	7,362		167,486
Titan International, Inc. (A)	10,748		112,639
Trinity Industries, Inc.	17,099		416,532
Velo3D, Inc. (A)(B)	13,005		29,521
Wabash National Corp.	9,927		244,105
Watts Water Technologies, Inc., Class A	5,594		941,582
			19,186,746
Marine transportation – 0.2%
Costamare, Inc.	10,952		103,058
Eagle Bulk Shipping, Inc.	2,746		124,943
Eneti, Inc.	4,351		40,682
Genco Shipping & Trading, Ltd.	7,538		118,045
Golden Ocean Group, Ltd.	25,259		240,466
Matson, Inc.	7,804		465,665
Safe Bulkers, Inc. (B)	15,673		57,833
			1,150,692
Passenger airlines – 0.3%
Allegiant Travel Company (A)	3,240		298,015
Blade Air Mobility, Inc. (A)	12,274		41,486
Frontier Group Holdings, Inc. (A)	7,737		76,132
Hawaiian Holdings, Inc. (A)	10,792		98,855
Joby Aviation, Inc. (A)(B)	54,458		236,348
SkyWest, Inc. (A)	10,376		230,036
Spirit Airlines, Inc.	22,425		385,037
Sun Country Airlines Holdings, Inc. (A)	6,939		142,250
Wheels Up Experience, Inc. (A)	35,771		22,636
			1,530,795
Professional services – 2.3%
Alight, Inc., Class A (A)	70,098		645,603
ASGN, Inc. (A)	10,128		837,282
Barrett Business Services, Inc.	1,417		125,603
CBIZ, Inc. (A)	9,925		491,188
Conduent, Inc. (A)	36,166		124,049
CRA International, Inc.	1,459		157,309

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
CSG Systems International, Inc.	6,522	$	350,231
EXL Service Holdings, Inc. (A)	6,658		1,077,464
Exponent, Inc.	10,542		1,050,932
First Advantage Corp. (A)	12,204		170,368
Forrester Research, Inc. (A)	2,393		77,414
Franklin Covey Company (A)	2,518		96,867
Heidrick & Struggles International, Inc.	4,063		123,353
HireRight Holdings Corp. (A)	4,565		48,435
Huron Consulting Group, Inc. (A)	4,102		329,678
IBEX Holdings, Ltd. (A)	1,581		38,576
ICF International, Inc.	3,740		410,278
Insperity, Inc.	7,441		904,454
Kelly Services, Inc., Class A	7,361		122,119
Kforce, Inc.	4,174		263,964
Korn Ferry	10,933		565,673
Legalzoom.com, Inc. (A)	20,421		191,549
Maximus, Inc.	12,530		986,111
NV5 Global, Inc. (A)	2,792		290,284
Planet Labs PBC (A)	32,664		128,370
Red Violet, Inc. (A)	2,116		37,242
Resources Connection, Inc.	6,816		116,281
Skillsoft Corp. (A)(B)	19,309		38,618
Spire Global, Inc. (A)	30,360		20,280
Sterling Check Corp. (A)	5,064		56,464
TriNet Group, Inc. (A)	7,691		619,972
TrueBlue, Inc. (A)	6,858		122,072
TTEC Holdings, Inc.	3,876		144,303
Upwork, Inc. (A)	25,247		285,796
Verra Mobility Corp. (A)	29,354		496,670
Willdan Group, Inc. (A)	2,585		40,378
			11,585,230
Trading companies and distributors – 1.7%
Alta Equipment Group, Inc.	4,615		73,148
Applied Industrial Technologies, Inc.	7,853		1,116,147
Beacon Roofing Supply, Inc. (A)	10,582		622,751
BlueLinx Holdings, Inc. (A)	1,763		119,813
Boise Cascade Company	8,085		511,376
Custom Truck One Source, Inc. (A)(B)	12,773		86,729
Distribution Solutions Group, Inc. (A)	1,118		50,824
DXP Enterprises, Inc. (A)	3,336		89,805
GATX Corp.	7,213		793,574
Global Industrial, Inc.	2,775		74,481
GMS, Inc. (A)	8,917		516,205
H&E Equipment Services, Inc.	6,664		294,749
Herc Holdings, Inc.	5,239		596,722
Hudson Technologies, Inc. (A)	8,825		77,042
McGrath RentCorp	4,875		454,886
MRC Global, Inc. (A)	17,421		169,332
NOW, Inc. (A)	23,121		257,799
Rush Enterprises, Inc., Class A	7,855		428,883
Rush Enterprises, Inc., Class B	2,021		121,038
Textainer Group Holdings, Ltd.	9,047		290,499
Titan Machinery, Inc. (A)	4,194		127,707
Transcat, Inc. (A)	1,502		134,264
Triton International, Ltd.	12,163		768,945
Veritiv Corp.	2,725		368,257
Xometry, Inc., Class A (A)	7,096		106,227
			8,251,203
			81,059,446
Information technology – 11.8%
Communications equipment – 0.8%
ADTRAN Holdings, Inc.	15,733		249,525
Aviat Networks, Inc. (A)	2,353		81,084
Calix, Inc. (A)	11,858		635,470

 

209

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Cambium Networks Corp. (A)	2,556	$	45,292
Clearfield, Inc. (A)	2,362		110,022
CommScope Holding Company, Inc. (A)	42,542		270,993
Comtech Telecommunications Corp.	6,033		75,292
Digi International, Inc. (A)	7,010		236,097
DZS, Inc. (A)	3,896		30,739
Extreme Networks, Inc. (A)	26,470		506,106
Harmonic, Inc. (A)	19,028		277,619
Infinera Corp. (A)	40,288		312,635
NETGEAR, Inc. (A)	6,102		112,948
NetScout Systems, Inc. (A)	14,208		407,059
Ribbon Communications, Inc. (A)	16,984		58,085
Viavi Solutions, Inc. (A)	47,115		510,255
			3,919,221
Electronic equipment, instruments and components – 2.4%
908 Devices, Inc. (A)	4,720		40,592
Advanced Energy Industries, Inc.	7,750		759,500
Aeva Technologies, Inc. (A)	22,689		27,000
Akoustis Technologies, Inc. (A)(B)	12,987		40,000
Arlo Technologies, Inc. (A)	18,292		110,850
Badger Meter, Inc.	5,999		730,798
Belden, Inc.	8,893		771,646
Benchmark Electronics, Inc.	7,049		166,991
CTS Corp.	6,457		319,363
ePlus, Inc. (A)	5,402		264,914
Evolv Technologies Holdings, Inc. (A)	18,971		59,190
Fabrinet (A)	7,595		901,982
FARO Technologies, Inc. (A)	4,047		99,597
Focus Universal, Inc. (A)(B)	5,843		14,608
Identiv, Inc. (A)	5,066		31,105
Insight Enterprises, Inc. (A)	6,439		920,519
Itron, Inc. (A)	9,334		517,570
Kimball Electronics, Inc. (A)	5,136		123,778
Knowles Corp. (A)	18,405		312,885
Lightwave Logic, Inc. (A)(B)	23,680		123,846
Methode Electronics, Inc.	7,371		323,439
MicroVision, Inc. (A)(B)	35,064		93,621
Mirion Technologies, Inc. (A)	28,624		244,449
Napco Security Technologies, Inc. (A)	6,069		228,073
nLight, Inc. (A)	9,569		97,412
Novanta, Inc. (A)	7,333		1,166,607
OSI Systems, Inc. (A)	3,232		330,828
Ouster, Inc. (A)	66,558		55,689
PAR Technology Corp. (A)(B)	5,554		188,614
PC Connection, Inc.	2,211		99,407
Plexus Corp. (A)	5,599		546,294
Rogers Corp. (A)	3,897		636,887
Sanmina Corp. (A)	11,678		712,241
ScanSource, Inc. (A)	5,239		159,475
SmartRent, Inc. (A)	27,394		69,855
TTM Technologies, Inc. (A)	20,727		279,607
Vishay Intertechnology, Inc.	26,715		604,293
Vishay Precision Group, Inc. (A)	2,731		114,047
			12,287,572
IT services – 0.5%
BigCommerce Holdings, Inc., Series 1 (A)	13,852		123,837
Brightcove, Inc. (A)	9,452		42,061
Cerberus Cyber Sentinel Corp. (A)(B)	10,178		3,440
DigitalOcean Holdings, Inc. (A)(B)	14,500		567,965
Edgio, Inc. (A)	29,958		23,700
Fastly, Inc., Class A (A)	23,686		420,663
Grid Dynamics Holdings, Inc. (A)	11,239		128,799
Information Services Group, Inc.	7,823		39,819
Perficient, Inc. (A)	7,049		508,867

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
PFSweb, Inc.	4,074	$	17,274
Rackspace Technology, Inc. (A)	12,797		24,058
Squarespace, Inc., Class A (A)	6,613		210,095
The Hackett Group, Inc.	5,765		106,537
Tucows, Inc., Class A (A)(B)	2,183		42,459
Unisys Corp. (A)	13,964		54,180
			2,313,754
Semiconductors and semiconductor equipment – 2.9%
ACM Research, Inc., Class A (A)	10,111		118,299
Alpha & Omega Semiconductor, Ltd. (A)	4,552		122,676
Ambarella, Inc. (A)	7,568		585,915
Amkor Technology, Inc.	21,007		546,602
Atomera, Inc. (A)(B)	4,844		30,856
Axcelis Technologies, Inc. (A)	6,740		898,105
AXT, Inc. (A)	9,593		38,180
CEVA, Inc. (A)	4,855		147,738
Cohu, Inc. (A)	9,907		380,330
Credo Technology Group Holding, Ltd. (A)	20,020		188,588
Diodes, Inc. (A)	9,210		854,320
FormFactor, Inc. (A)	16,046		511,065
Ichor Holdings, Ltd. (A)	5,907		193,395
Impinj, Inc. (A)	4,432		600,625
Indie Semiconductor, Inc., Class A (A)	21,361		225,359
Kulicke & Soffa Industries, Inc.	11,791		621,268
MACOM Technology Solutions Holdings, Inc. (A)	10,455		740,632
MaxLinear, Inc. (A)	15,137		532,974
Onto Innovation, Inc. (A)	10,255		901,209
PDF Solutions, Inc. (A)	6,364		269,834
Photronics, Inc. (A)	12,338		204,564
Power Integrations, Inc.	11,752		994,689
Rambus, Inc. (A)	22,358		1,146,071
Semtech Corp. (A)	13,198		318,600
Silicon Laboratories, Inc. (A)	6,910		1,209,872
SiTime Corp. (A)	3,363		478,319
SMART Global Holdings, Inc. (A)	10,098		174,090
Synaptics, Inc. (A)	8,234		915,209
Ultra Clean Holdings, Inc. (A)	9,366		310,577
Veeco Instruments, Inc. (A)	10,462		221,062
			14,481,023
Software – 4.8%
8x8, Inc. (A)	23,625		98,516
A10 Networks, Inc.	13,342		206,668
ACI Worldwide, Inc. (A)	23,516		634,462
Adeia, Inc.	21,543		190,871
Agilysys, Inc. (A)	4,123		340,189
Alarm.com Holdings, Inc. (A)	9,977		501,644
Alkami Technology, Inc. (A)	7,689		97,343
Altair Engineering, Inc., Class A (A)	10,776		777,057
American Software, Inc., Class A	6,763		85,281
Amplitude, Inc., Class A (A)	12,043		149,815
Appfolio, Inc., Class A (A)	3,984		495,928
Appian Corp., Class A (A)	8,312		368,887
Applied Digital Corp. (A)	15,335		34,350
Asana, Inc., Class A (A)	15,400		325,402
AvePoint, Inc. (A)	27,339		112,637
Blackbaud, Inc. (A)	9,618		666,527
Blackline, Inc. (A)	11,434		767,793
Blend Labs, Inc., Class A (A)	43,559		43,393
Box, Inc., Class A (A)	28,788		771,231
c3.ai, Inc., Class A (A)(B)	12,883		432,482
Cerence, Inc. (A)	8,225		231,040
Cleanspark, Inc. (A)	10,177		28,292
Clear Secure, Inc., Class A	12,888		337,279

 

210

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
CommVault Systems, Inc. (A)	9,135	$	518,320
Consensus Cloud Solutions, Inc. (A)	3,794		129,337
Couchbase, Inc. (A)	6,065		85,274
CS Disco, Inc. (A)	5,035		33,432
Cvent Holding Corp. (A)	10,021		83,776
Digimarc Corp. (A)(B)	3,014		59,225
Digital Turbine, Inc. (A)	19,478		240,748
Domo, Inc., Class B (A)	6,495		92,164
E2open Parent Holdings, Inc. (A)	42,039		244,667
Ebix, Inc.	5,523		72,848
eGain Corp. (A)	4,373		33,191
Enfusion, Inc., Class A (A)	5,648		59,304
EngageSmart, Inc. (A)	7,379		142,046
Envestnet, Inc. (A)	11,333		664,907
Everbridge, Inc. (A)	8,349		289,460
EverCommerce, Inc. (A)	5,393		57,058
ForgeRock, Inc., Class A (A)	7,838		161,463
Instructure Holdings, Inc. (A)	3,728		96,555
Intapp, Inc. (A)	3,130		140,349
InterDigital, Inc.	6,281		457,885
LivePerson, Inc. (A)	14,647		64,593
LiveRamp Holdings, Inc. (A)	13,907		304,981
Marathon Digital Holdings, Inc. (A)(B)	24,550		214,076
Matterport, Inc. (A)	47,700		130,221
MeridianLink, Inc. (A)	4,922		85,151
MicroStrategy, Inc., Class A (A)(B)	1,954		571,193
Mitek Systems, Inc. (A)	9,185		88,084
Model N, Inc. (A)	7,509		251,326
Momentive Global, Inc. (A)	27,583		257,074
N-able, Inc. (A)	14,243		188,008
NextNav, Inc. (A)	14,443		29,319
Olo, Inc., Class A (A)	18,825		153,612
ON24, Inc. (A)	8,786		76,965
OneSpan, Inc. (A)	8,424		147,420
PagerDuty, Inc. (A)	17,907		626,387
Porch Group, Inc. (A)(B)	18,814		26,904
PowerSchool Holdings, Inc., Class A (A)	9,561		189,499
Progress Software Corp.	8,894		510,960
PROS Holdings, Inc. (A)	8,533		233,804
Q2 Holdings, Inc. (A)	11,712		288,349
Qualys, Inc. (A)	7,948		1,033,399
Rapid7, Inc. (A)	12,268		563,224
Rimini Street, Inc. (A)	10,746		44,274
Riot Platforms, Inc. (A)(B)	33,181		331,478
Sapiens International Corp. NV	6,497		141,115
ShotSpotter, Inc. (A)	1,934		76,045
SolarWinds Corp. (A)	10,233		88,004
Sprout Social, Inc., Class A (A)	9,679		589,258
SPS Commerce, Inc. (A)	7,436		1,132,503
Sumo Logic, Inc. (A)	24,209		290,024
Telos Corp. (A)	11,552		29,227
Tenable Holdings, Inc. (A)	23,132		1,099,001
Upland Software, Inc. (A)	6,287		27,034
Varonis Systems, Inc. (A)	22,634		588,710
Verint Systems, Inc. (A)	13,147		489,594
Veritone, Inc. (A)	7,164		41,766
Weave Communications, Inc. (A)	6,932		34,452
Workiva, Inc. (A)	9,866		1,010,377
Xperi, Inc. (A)	8,646		94,501
Yext, Inc. (A)	24,133		231,918
Zeta Global Holdings Corp., Class A (A)	22,904		248,050
Zuora, Inc., Class A (A)	25,937		256,258
			24,237,234
Technology hardware, storage and peripherals – 0.4%
Avid Technology, Inc. (A)	7,493		239,626

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Corsair Gaming, Inc. (A)	8,087	$	148,396
Diebold Nixdorf, Inc. (A)(B)	16,905		20,286
Eastman Kodak Company (A)(B)	12,835		52,624
IonQ, Inc. (A)(B)	25,403		156,228
Super Micro Computer, Inc. (A)	9,543		1,016,807
Turtle Beach Corp. (A)	3,489		34,960
Xerox Holdings Corp.	23,798		366,489
			2,035,416
			59,274,220
Materials – 4.4%
Chemicals – 2.1%
AdvanSix, Inc.	5,606		214,542
American Vanguard Corp.	5,918		129,486
Amyris, Inc. (A)(B)	42,810		58,222
Aspen Aerogels, Inc. (A)	6,510		48,500
Avient Corp.	18,862		776,360
Balchem Corp.	6,556		829,203
Cabot Corp.	11,403		873,926
Chase Corp.	1,535		160,761
Danimer Scientific, Inc. (A)(B)	21,880		75,486
Diversey Holdings, Ltd. (A)	17,021		137,700
Ecovyst, Inc. (A)	14,539		160,656
FutureFuel Corp.	5,889		43,461
Hawkins, Inc.	4,013		175,689
HB Fuller Company	10,896		745,831
Ingevity Corp. (A)	7,915		566,081
Innospec, Inc.	5,038		517,251
Intrepid Potash, Inc. (A)	2,299		63,452
Koppers Holdings, Inc.	4,459		155,931
Kronos Worldwide, Inc.	4,674		43,048
Livent Corp. (A)	33,512		727,881
LSB Industries, Inc. (A)	15,123		156,221
Mativ Holdings, Inc.	11,290		242,396
Minerals Technologies, Inc.	6,625		400,283
Origin Materials, Inc. (A)(B)	22,706		96,955
Orion Engineered Carbons SA	12,542		327,221
Perimeter Solutions SA (A)	24,966		201,725
PureCycle Technologies, Inc. (A)(B)	22,415		156,905
Quaker Chemical Corp.	2,808		555,844
Rayonier Advanced Materials, Inc. (A)	12,782		80,143
Sensient Technologies Corp.	8,622		660,100
Stepan Company	4,327		445,811
Trinseo PLC	7,370		153,665
Tronox Holdings PLC	24,204		348,054
			10,328,790
Construction materials – 0.2%
Summit Materials, Inc., Class A (A)	24,881		708,860
United States Lime & Minerals, Inc.	435		66,420
			775,280
Containers and packaging – 0.3%
Greif, Inc., Class A	5,074		321,539
Greif, Inc., Class B	1,201		91,901
Myers Industries, Inc.	7,615		163,189
O-I Glass, Inc. (A)	32,072		728,355
Pactiv Evergreen, Inc.	9,056		72,448
Ranpak Holdings Corp. (A)	9,614		50,185
TriMas Corp.	8,646		240,878
			1,668,495
Metals and mining – 1.7%
1911 Gold Corp. (A)	5,045		386
5E Advanced Materials, Inc. (A)	8,020		43,468
Alpha Metallurgical Resources, Inc.	3,149		491,244
Arconic Corp. (A)	21,191		555,840

 

211

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
ATI, Inc. (A)	25,551	$	1,008,242
Carpenter Technology Corp.	9,947		445,228
Century Aluminum Company (A)	11,076		110,760
Coeur Mining, Inc. (A)	58,049		231,616
Commercial Metals Company	24,307		1,188,612
Compass Minerals International, Inc.	7,108		243,733
Constellium SE (A)	26,050		398,044
Dakota Gold Corp. (A)	12,143		43,958
Ferroglobe PLC (A)(C)	17,737		0
Haynes International, Inc.	2,610		130,735
Hecla Mining Company	114,672		725,874
Ivanhoe Electric, Inc. (A)	2,889		35,101
Kaiser Aluminum Corp.	3,261		243,368
Materion Corp.	4,224		489,984
Novagold Resources, Inc. (A)	49,869		310,185
Olympic Steel, Inc.	2,086		108,910
Pan American Silver Corp., CVR (A)	88,114		48,463
Piedmont Lithium, Inc. (A)	3,604		216,420
Ramaco Resources, Inc.	4,856		42,781
Ryerson Holding Corp.	3,879		141,118
Schnitzer Steel Industries, Inc., Class A	5,343		166,167
SunCoke Energy, Inc.	17,201		154,465
TimkenSteel Corp. (A)	9,312		170,782
Tredegar Corp.	6,187		56,487
Warrior Met Coal, Inc.	10,425		382,702
Worthington Industries, Inc.	6,446		416,734
			8,601,407
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	3,530		117,973
Glatfelter Corp.	10,006		31,919
Resolute Forest Products, Inc. (A)(C)	9,238		13,118
Sylvamo Corp.	7,238		334,830
			497,840
			21,871,812
Real estate – 6.0%
Diversified REITs – 0.6%
Alexander & Baldwin, Inc.	15,015		283,934
American Assets Trust, Inc.	10,044		186,718
Armada Hoffler Properties, Inc.	14,067		166,131
Broadstone Net Lease, Inc.	35,818		609,264
CTO Realty Growth, Inc.	4,047		69,851
Empire State Realty Trust, Inc., Class A	28,779		186,776
Essential Properties Realty Trust, Inc.	28,939		719,134
Gladstone Commercial Corp.	8,265		104,387
Global Net Lease, Inc.	21,345		274,497
One Liberty Properties, Inc.	3,733		85,598
Safehold, Inc.	7,982		234,434
Star Holdings (A)	2,209		38,415
			2,959,139
Health care REITs – 0.6%
CareTrust REIT, Inc.	19,900		389,642
Community Healthcare Trust, Inc.	4,869		178,205
Diversified Healthcare Trust	54,192		73,159
Global Medical REIT, Inc.	12,731		115,979
LTC Properties, Inc.	7,920		278,230
National Health Investors, Inc.	8,966		462,466
Physicians Realty Trust	46,614		695,947
Sabra Health Care REIT, Inc.	47,541		546,722
Universal Health Realty Income Trust	2,670		128,454
			2,868,804
Hotel and resort REITs – 0.9%
Apple Hospitality REIT, Inc.	44,294		687,443
Ashford Hospitality Trust, Inc. (A)	8,051		25,844

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotel and resort REITs (continued)
Braemar Hotels & Resorts, Inc.	14,940	$	57,668
Chatham Lodging Trust	10,679		112,023
DiamondRock Hospitality Company	43,520		353,818
Hersha Hospitality Trust, Class A	7,243		48,673
Pebblebrook Hotel Trust	26,931		378,111
RLJ Lodging Trust	34,206		362,584
Ryman Hospitality Properties, Inc.	11,084		994,567
Service Properties Trust	35,317		351,757
Summit Hotel Properties, Inc.	22,638		158,466
Sunstone Hotel Investors, Inc.	44,070		435,412
Xenia Hotels & Resorts, Inc.	23,769		311,136
			4,277,502
Industrial REITs – 0.7%
Indus Realty Trust, Inc.	1,183		78,421
Industrial Logistics Properties Trust	15,067		46,256
Innovative Industrial Properties, Inc.	5,748		436,791
LXP Industrial Trust	57,866		596,598
Plymouth Industrial REIT, Inc.	7,973		167,513
STAG Industrial, Inc.	37,212		1,258,510
Terreno Realty Corp.	15,298		988,251
			3,572,340
Office REITs – 0.4%
Brandywine Realty Trust	35,269		166,822
City Office REIT, Inc.	8,917		61,527
Corporate Office Properties Trust	22,856		541,916
Easterly Government Properties, Inc.	18,297		251,401
Equity Commonwealth	21,471		444,664
Franklin Street Properties Corp.	22,306		35,020
Office Properties Income Trust	10,135		124,661
Orion Office REIT, Inc.	12,292		82,356
Paramount Group, Inc.	38,882		177,302
Piedmont Office Realty Trust, Inc., Class A	24,993		182,449
Postal Realty Trust, Inc., Class A	4,161		63,330
			2,131,448
Real estate management and development – 0.6%
Anywhere Real Estate, Inc. (A)	23,085		121,889
Compass, Inc., Class A (A)	57,556		185,906
Cushman & Wakefield PLC (A)	32,802		345,733
DigitalBridge Group, Inc.	32,960		395,190
Douglas Elliman, Inc.	16,788		52,211
eXp World Holdings, Inc. (B)	14,593		185,185
Forestar Group, Inc. (A)	3,942		61,338
FRP Holdings, Inc. (A)	1,489		86,183
Kennedy-Wilson Holdings, Inc.	24,435		405,377
Marcus & Millichap, Inc.	5,110		164,082
Newmark Group, Inc., Class A	29,664		210,021
RE/MAX Holdings, Inc., Class A	3,975		74,571
Redfin Corp. (A)(B)	23,133		209,585
Stratus Properties, Inc.	1,371		27,420
Tejon Ranch Company (A)	4,710		86,052
The RMR Group, Inc., Class A	3,410		89,478
The St. Joe Company	7,060		293,767
			2,993,988
Residential REITs – 0.4%
Apartment Investment and Management Company, Class A	31,445		241,812
BRT Apartments Corp.	2,769		54,605
Centerspace	3,153		172,248
Elme Communities	17,729		316,640
Independence Realty Trust, Inc.	46,399		743,776
NexPoint Residential Trust, Inc.	4,719		206,079
UMH Properties, Inc.	10,538		155,857

 

212

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Residential REITs (continued)
Veris Residential, Inc. (A)	17,911	$	262,217
			2,153,234
Retail REITs – 1.4%
Acadia Realty Trust	19,175		267,491
Agree Realty Corp.	17,890		1,227,433
Alexander's, Inc.	380		73,625
CBL & Associates Properties, Inc.	5,862		150,302
Getty Realty Corp.	8,537		307,588
InvenTrust Properties Corp.	13,916		325,634
Kite Realty Group Trust	44,964		940,647
Necessity Retail REIT, Inc.	28,491		178,923
NETSTREIT Corp.	10,827		197,918
Phillips Edison & Company, Inc.	24,007		783,108
Retail Opportunity Investments Corp.	24,907		347,702
RPT Realty	17,767		168,964
Saul Centers, Inc.	2,554		99,606
SITE Centers Corp.	40,131		492,809
Tanger Factory Outlet Centers, Inc.	21,021		412,642
The Macerich Company	44,668		473,481
Urban Edge Properties	23,433		352,901
Urstadt Biddle Properties, Inc., Class A	6,619		116,296
Whitestone REIT	10,143		93,316
			7,010,386
Specialized REITs – 0.4%
Farmland Partners, Inc.	9,604		102,763
Four Corners Property Trust, Inc.	16,851		452,618
Gladstone Land Corp.	6,871		114,402
Outfront Media, Inc.	30,259		491,104
PotlatchDeltic Corp.	16,459		814,721
Uniti Group, Inc.	49,375		175,281
			2,150,889
			30,117,730
Utilities – 3.1%
Electric utilities – 0.7%
ALLETE, Inc.	11,824		761,111
MGE Energy, Inc.	7,555		586,797
Otter Tail Corp.	8,494		613,861
PNM Resources, Inc.	17,556		854,626
Portland General Electric Company	18,428		900,945
			3,717,340
Gas utilities – 1.0%
Brookfield Infrastructure Corp., Class A	20,210		930,873
Chesapeake Utilities Corp.	3,597		460,380
New Jersey Resources Corp.	19,820		1,054,424
Northwest Natural Holding Company	7,043		334,965
ONE Gas, Inc.	11,048		875,333
Southwest Gas Holdings, Inc.	13,768		859,812
Spire, Inc.	10,448		732,823
			5,248,610
Independent power and renewable electricity producers – 0.4%
Altus Power, Inc. (A)	9,483		51,967
Clearway Energy, Inc., Class A	7,939		238,408
Clearway Energy, Inc., Class C	16,405		513,969
Montauk Renewables, Inc. (A)	13,332		104,923

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Independent power and renewable electricity producers (continued)
Ormat Technologies, Inc.	10,088	$	855,160
Sunnova Energy International, Inc. (A)(B)	20,575		321,382
			2,085,809
Multi-utilities – 0.5%
Avista Corp.	15,227		646,386
Black Hills Corp.	13,375		843,963
NorthWestern Corp.	11,964		692,237
Unitil Corp.	3,399		193,879
			2,376,465
Water utilities – 0.5%
American States Water Company	7,617		677,075
Artesian Resources Corp., Class A	2,102		116,367
California Water Service Group	11,221		653,062
Global Water Resources, Inc.	2,565		31,883
Middlesex Water Company	3,623		283,029
Pure Cycle Corp. (A)	4,490		42,431
SJW Group	5,587		425,338
The York Water Company	3,328		148,762
			2,377,947
			15,806,171
TOTAL COMMON STOCKS (Cost $431,204,438)		$	476,878,995
WARRANTS – 0.0%
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)	668		12,525
TOTAL WARRANTS (Cost $0)		$	12,525
SHORT-TERM INVESTMENTS – 6.0%
Short-term funds – 6.0%
John Hancock Collateral Trust, 4.9438% (D)(E)	3,030,309		30,293,700
TOTAL SHORT-TERM INVESTMENTS (Cost $30,291,130)		$	30,293,700
Total Investments (Small Cap Index Trust) (Cost $461,495,568) – 100.9%		$	507,185,220
Other assets and liabilities, net – (0.9%)			(4,708,665)
TOTAL NET ASSETS – 100.0%		$	502,476,555

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 3-31-23. The value of securities on loan amounted to $9,234,795. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $2,769,283 in the form of U.S. Treasuries was pledged to the fund.
(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 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $6,442,885.

 

213

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	279	Long	Jun 2023	$25,581,497	$25,298,325	$(283,172)
						$(283,172)

^ 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 – 0.2%
ATN International, Inc.	1,281	$	52,419
Bandwidth, Inc., Class A (A)	831		12,631
Communications Systems, Inc. (A)(B)	450		1,989
Consolidated Communications Holdings, Inc. (A)	4,985		12,861
EchoStar Corp., Class A (A)	4,430		81,025
Frontier Communications Parent, Inc. (A)	2,143		48,796
Liberty Latin America, Ltd., Class A (A)	4,204		34,935
Liberty Latin America, Ltd., Class C (A)	11,346		93,718
Lumen Technologies, Inc.	22,539		59,728
			398,102
Entertainment – 0.2%
FG Group Holdings, Inc. (A)	1,114		2,239
Lions Gate Entertainment Corp., Class A (A)	5,809		64,306
Lions Gate Entertainment Corp., Class B (A)	9,367		97,229
Madison Square Garden Entertainment Corp. (A)	1,748		103,254
Reading International, Inc., Class A (A)	1,100		3,575
The Marcus Corp.	2,916		46,656
			317,259
Interactive media and services – 0.2%
Cars.com, Inc. (A)	5,579		107,675
DHI Group, Inc. (A)	5,212		20,223
QuinStreet, Inc. (A)	1,887		29,947
TrueCar, Inc. (A)	8,052		18,520
Yelp, Inc. (A)	1,306		40,094
Ziff Davis, Inc. (A)	654		51,045
			267,504
Media – 1.1%
AMC Networks, Inc., Class A (A)	2,542		44,688
Beasley Broadcast Group, Inc., Class A (A)	502		413
Boston Omaha Corp., Class A (A)	2,031		48,074
Cable One, Inc.	29		20,358
comScore, Inc. (A)	2,845		3,499
Cumulus Media, Inc., Class A (A)	1,193		4,402
Daily Journal Corp. (A)	41		11,683
DallasNews Corp.	1,059		4,681
DISH Network Corp., Class A (A)	1,108		10,338
Entravision Communications Corp., Class A	5,075		30,704
Fluent, Inc. (A)	5,600		4,592
Gannett Company, Inc. (A)	12,679		23,710
Gray Television, Inc.	6,546		57,081
iHeartMedia, Inc., Class A (A)	2,266		8,837
Integral Ad Science Holding Corp. (A)	2,369		33,806
John Wiley & Sons, Inc., Class A	2,376		92,118

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Liberty Media Corp.-Liberty SiriusXM, Series A (A)	379	$	10,646
Liberty Media Corp.-Liberty SiriusXM, Series C (A)	356		9,964
Magnite, Inc. (A)	4,210		38,985
News Corp., Class A	20,011		345,590
News Corp., Class B	10,611		184,950
Nexstar Media Group, Inc.	1,859		320,975
PubMatic, Inc., Class A (A)	1,596		22,057
Scholastic Corp.	2,276		77,885
Sinclair Broadcast Group, Inc., Class A	748		12,836
TEGNA, Inc.	8,149		137,800
The EW Scripps Company, Class A (A)	5,843		54,983
Thryv Holdings, Inc. (A)	2,842		65,537
Urban One, Inc. (A)	3,100		17,050
			1,698,242
Wireless telecommunication services – 0.2%
Shenandoah Telecommunications Company	3,663		69,670
Spok Holdings, Inc.	3,863		39,132
Telephone & Data Systems, Inc.	7,131		74,947
United States Cellular Corp. (A)	2,963		61,423
			245,172
			2,926,279
Consumer discretionary – 15.1%
Automobile components – 2.6%
Adient PLC (A)	6,695		274,227
American Axle & Manufacturing Holdings, Inc. (A)	9,766		76,272
Autoliv, Inc.	1,298		121,181
BorgWarner, Inc.	15,544		763,366
Cooper-Standard Holdings, Inc. (A)	1,311		18,669
Dana, Inc.	12,211		183,776
Dorman Products, Inc. (A)	6,081		524,547
Fox Factory Holding Corp. (A)	9,231		1,120,366
LCI Industries	1,259		138,326
Lear Corp.	1,143		159,437
Modine Manufacturing Company (A)	4,925		113,521
Motorcar Parts of America, Inc. (A)	1,585		11,792
Patrick Industries, Inc.	1,685		115,945
Standard Motor Products, Inc.	1,901		70,166
Stoneridge, Inc. (A)	1,672		31,266
Strattec Security Corp. (A)	924		21,021
The Goodyear Tire & Rubber Company (A)	22,263		245,338
			3,989,216
Automobiles – 0.3%
Harley-Davidson, Inc.	3,482		132,212
Thor Industries, Inc.	2,383		189,782

 

214

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobiles (continued)
Winnebago Industries, Inc.	2,220	$	128,094
			450,088
Broadline retail – 0.6%
Big Lots, Inc.	2,901		31,795
Dillard's, Inc., Class A (C)	1,303		400,907
Kohl's Corp.	8,128		191,333
Macy's, Inc.	13,806		241,467
Ollie's Bargain Outlet Holdings, Inc. (A)	334		19,352
			884,854
Distributors – 0.0%
Funko, Inc., Class A (A)	2,763		26,055
Weyco Group, Inc.	1,316		33,295
			59,350
Diversified consumer services – 1.3%
2U, Inc. (A)	2,844		19,481
ADT, Inc.	10,644		76,956
Adtalem Global Education, Inc. (A)	5,228		201,905
American Public Education, Inc. (A)	1,450		7,859
Chegg, Inc. (A)	3,831		62,445
Graham Holdings Company, Class B	347		206,756
Grand Canyon Education, Inc. (A)	8,609		980,565
Laureate Education, Inc.	9,477		111,450
Lincoln Educational Services Corp. (A)	1,100		6,226
Perdoceo Education Corp. (A)	5,378		72,227
Strategic Education, Inc.	1,691		151,903
Stride, Inc. (A)	2,888		113,354
Universal Technical Institute, Inc. (A)	3,087		22,782
			2,033,909
Hotels, restaurants and leisure – 1.7%
Ark Restaurants Corp.	64		1,107
Biglari Holdings, Inc., Class A (A)	3		2,493
Biglari Holdings, Inc., Class B (A)	102		17,258
BJ's Restaurants, Inc. (A)	1,781		51,898
Carrols Restaurant Group, Inc. (A)	1,688		3,764
Churchill Downs, Inc.	3,561		915,355
Chuy's Holdings, Inc. (A)	22,072		791,281
El Pollo Loco Holdings, Inc.	2,613		25,059
Fiesta Restaurant Group, Inc. (A)	1,348		11,081
Krispy Kreme, Inc.	30,095		467,977
Marriott Vacations Worldwide Corp.	323		43,560
Monarch Casino & Resort, Inc.	1,074		79,637
Penn Entertainment, Inc. (A)	3,635		107,814
Playa Hotels & Resorts NV (A)	13,271		127,402
RCI Hospitality Holdings, Inc.	396		30,955
			2,676,641
Household durables – 3.3%
Bassett Furniture Industries, Inc.	1,234		21,965
Beazer Homes USA, Inc. (A)	3,089		49,053
Cavco Industries, Inc. (A)	882		280,247
Century Communities, Inc.	3,320		212,214
Ethan Allen Interiors, Inc.	2,768		76,009
Flexsteel Industries, Inc.	1,118		21,533
GoPro, Inc., Class A (A)	10,155		51,080
Green Brick Partners, Inc. (A)	2,414		84,635
Helen of Troy, Ltd. (A)	373		35,498
Hooker Furnishings Corp.	1,821		33,124
Hovnanian Enterprises, Inc., Class A (A)	292		19,809
iRobot Corp. (A)	1,143		49,881
KB Home	6,043		242,808
La-Z-Boy, Inc.	3,039		88,374
Legacy Housing Corp. (A)	1,185		26,971
LGI Homes, Inc. (A)	1,611		183,702
Lifetime Brands, Inc.	2,931		17,234

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
M/I Homes, Inc. (A)	2,195	$	138,483
MDC Holdings, Inc.	5,127		199,286
Meritage Homes Corp.	2,251		262,827
Mohawk Industries, Inc. (A)	3,620		362,796
Newell Brands, Inc.	15,347		190,917
PulteGroup, Inc.	13,332		776,989
Taylor Morrison Home Corp. (A)	7,865		300,915
Toll Brothers, Inc.	8,961		537,929
TopBuild Corp. (A)	2,396		498,703
Tri Pointe Homes, Inc. (A)	9,765		247,250
Universal Electronics, Inc. (A)	745		7,554
VOXX International Corp. (A)	3,131		38,605
Whirlpool Corp.	98		12,938
			5,069,329
Leisure products – 0.4%
Acushnet Holdings Corp.	2,077		105,802
American Outdoor Brands, Inc. (A)	1,873		18,430
AMMO, Inc. (A)	4,648		9,157
Brunswick Corp.	147		12,054
Escalade, Inc.	2,724		39,770
Johnson Outdoors, Inc., Class A	934		58,851
Malibu Boats, Inc., Class A (A)	942		53,176
Nautilus, Inc. (A)	1,580		2,117
Smith & Wesson Brands, Inc.	4,844		59,630
Solo Brands, Inc., Class A (A)	2,350		16,873
Topgolf Callaway Brands Corp. (A)	2,974		64,298
Vista Outdoor, Inc. (A)	3,701		102,555
			542,713
Specialty retail – 4.0%
1-800-Flowers.com, Inc., Class A (A)	3,196		36,754
Abercrombie & Fitch Company, Class A (A)	5,783		160,478
Academy Sports & Outdoors, Inc.	4,127		269,287
American Eagle Outfitters, Inc.	16,951		227,821
America's Car-Mart, Inc. (A)	465		36,833
Asbury Automotive Group, Inc. (A)	887		186,270
AutoNation, Inc. (A)	4,565		613,353
Barnes & Noble Education, Inc. (A)	4,024		6,116
Big 5 Sporting Goods Corp. (C)	2,004		15,411
Boot Barn Holdings, Inc. (A)	574		43,991
Build-A-Bear Workshop, Inc.	2,470		57,403
Caleres, Inc.	1,779		38,480
Chico's FAS, Inc. (A)	8,871		48,791
Citi Trends, Inc. (A)	367		6,980
Conn's, Inc. (A)	2,177		13,193
Designer Brands, Inc., Class A	2,923		25,547
Destination XL Group, Inc. (A)	2,471		13,615
Dick's Sporting Goods, Inc.	236		33,486
Duluth Holdings, Inc., Class B (A)	1,106		7,056
Foot Locker, Inc.	6,590		261,557
Franchise Group, Inc. (C)	454		12,372
Genesco, Inc. (A)	1,311		48,350
Group 1 Automotive, Inc.	1,465		331,705
GrowGeneration Corp. (A)	2,529		8,649
Guess?, Inc.	5,350		104,111
Haverty Furniture Companies, Inc.	1,613		51,471
Hibbett, Inc.	1,098		64,760
Lands' End, Inc. (A)	2,354		22,881
Lithia Motors, Inc.	3,784		866,271
LL Flooring Holdings, Inc. (A)	1,480		5,624
MarineMax, Inc. (A)	2,016		57,960
Monro, Inc.	1,618		79,978
National Vision Holdings, Inc. (A)	827		15,581
Penske Automotive Group, Inc.	4,213		597,446
Revolve Group, Inc. (A)	21,565		567,160

 

215

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Shoe Carnival, Inc.	2,304	$	59,098
Signet Jewelers, Ltd.	3,675		285,842
Sonic Automotive, Inc., Class A	1,892		102,811
Sportsman's Warehouse Holdings, Inc. (A)	3,273		27,755
The Aaron's Company, Inc.	1,356		13,099
The Cato Corp., Class A	1,957		17,300
The Children's Place, Inc. (A)	930		37,433
The Container Store Group, Inc. (A)	3,997		13,710
The Gap, Inc. (C)	18,158		182,306
The ODP Corp. (A)	3,276		147,354
Tilly's, Inc., Class A (A)	712		5,490
Upbound Group, Inc.	3,270		80,148
Urban Outfitters, Inc. (A)	6,474		179,459
Zumiez, Inc. (A)	1,822		33,598
			6,122,144
Textiles, apparel and luxury goods – 0.9%
Capri Holdings, Ltd. (A)	2,090		98,230
Culp, Inc.	334		1,737
Delta Apparel, Inc. (A)	500		5,500
Fossil Group, Inc. (A)	3,231		10,339
G-III Apparel Group, Ltd. (A)	3,404		52,932
Lakeland Industries, Inc.	1,110		16,206
Movado Group, Inc.	1,758		50,578
Oxford Industries, Inc.	5,328		562,584
Peace Mark Holdings, Ltd. (A)(B)	464,000		0
PVH Corp.	3,840		342,374
Ralph Lauren Corp.	189		22,051
Rocky Brands, Inc.	802		18,502
Skechers USA, Inc., Class A (A)	1,193		56,691
Steven Madden, Ltd.	1,460		52,560
Superior Group of Companies, Inc.	663		5,218
Unifi, Inc. (A)	2,453		20,041
Vera Bradley, Inc. (A)	2,034		12,184
Wolverine World Wide, Inc.	3,251		55,430
			1,383,157
			23,211,401
Consumer staples – 3.4%
Beverages – 0.3%
MGP Ingredients, Inc.	571		55,227
Molson Coors Beverage Company, Class B	7,723		399,125
The Duckhorn Portfolio, Inc. (A)	4,647		73,887
			528,239
Consumer staples distribution and retail – 1.0%
Grocery Outlet Holding Corp. (A)	3,255		91,986
Ingles Markets, Inc., Class A	1,365		121,076
Natural Grocers by Vitamin Cottage, Inc.	1,014		11,915
Performance Food Group Company (A)	531		32,041
PriceSmart, Inc.	5,292		378,272
SpartanNash Company	3,523		87,370
Sprouts Farmers Market, Inc. (A)	1,837		64,350
The Andersons, Inc.	3,384		139,827
U.S. Foods Holding Corp. (A)	5,723		211,408
United Natural Foods, Inc. (A)	4,429		116,704
Village Super Market, Inc., Class A	685		15,673
Weis Markets, Inc.	2,371		200,753
			1,471,375
Food products – 1.5%
Alico, Inc.	650		15,730
B&G Foods, Inc.	1,941		30,144
Calavo Growers, Inc.	337		9,695
Cal-Maine Foods, Inc.	4,370		266,089

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Farmer Brothers Company (A)	1,069	$	4,126
Fresh Del Monte Produce, Inc.	3,959		119,205
Hostess Brands, Inc. (A)	21,137		525,889
Ingredion, Inc.	2,741		278,842
J&J Snack Foods Corp.	260		38,537
Limoneira Company	2,147		35,769
Pilgrim's Pride Corp. (A)	2,893		67,060
Post Holdings, Inc. (A)	3,244		291,538
Seaboard Corp.	52		196,041
Seneca Foods Corp., Class A (A)	908		47,461
The Hain Celestial Group, Inc. (A)	4,728		81,085
The Simply Good Foods Company (A)	2,852		113,424
Tootsie Roll Industries, Inc.	1,457		65,454
TreeHouse Foods, Inc. (A)	3,311		166,974
Whole Earth Brands, Inc. (A)	1,600		4,096
			2,357,159
Household products – 0.2%
Central Garden & Pet Company (A)	1,553		63,766
Central Garden & Pet Company, Class A (A)	3,288		128,462
Oil-Dri Corp. of America	531		22,095
Spectrum Brands Holdings, Inc.	2,221		147,075
			361,398
Personal care products – 0.3%
BellRing Brands, Inc. (A)	3,288		111,792
Edgewell Personal Care Company	4,648		197,168
Natural Alternatives International, Inc. (A)	200		1,846
Nature's Sunshine Products, Inc. (A)	1,118		11,415
Nu Skin Enterprises, Inc., Class A	2,988		117,458
The Honest Company, Inc. (A)	4,669		8,404
			448,083
Tobacco – 0.1%
Universal Corp.	1,975		104,458
			5,270,712
Energy – 7.2%
Energy equipment and services – 2.0%
Archrock, Inc.	15,033		146,872
Bristow Group, Inc. (A)	1,645		36,848
ChampionX Corp.	26,089		707,795
Dril-Quip, Inc. (A)	2,386		68,454
Expro Group Holdings NV (A)	1,587		29,137
Forum Energy Technologies, Inc. (A)	377		9,587
Geospace Technologies Corp. (A)	516		3,638
Gulf Island Fabrication, Inc. (A)	3,019		11,170
Helix Energy Solutions Group, Inc. (A)	12,029		93,104
Helmerich & Payne, Inc.	4,826		172,530
Liberty Energy, Inc.	12,732		163,097
Nabors Industries, Ltd. (A)	530		64,612
National Energy Services Reunited Corp. (A)	6,084		32,002
Natural Gas Services Group, Inc. (A)	2,620		27,012
Newpark Resources, Inc. (A)	6,750		25,988
NexTier Oilfield Solutions, Inc. (A)	1,330		10,574
Noble Corp. PLC (A)	1,638		64,652
NOV, Inc.	8,082		149,598
Oceaneering International, Inc. (A)	5,817		102,554
Oil States International, Inc. (A)	4,041		33,662
Patterson-UTI Energy, Inc.	15,623		182,789
ProPetro Holding Corp. (A)	9,437		67,852
RPC, Inc.	12,696		97,632
SEACOR Marine Holdings, Inc. (A)	2,432		18,508
Select Energy Services, Inc., Class A	7,658		53,300

 

216

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Solaris Oilfield Infrastructure, Inc., Class A	1,100	$	9,394
TechnipFMC PLC (A)	24,797		338,479
Tidewater, Inc. (A)	3,288		144,935
Transocean, Ltd. (A)	24,908		158,415
U.S. Silica Holdings, Inc. (A)	7,085		84,595
			3,108,785
Oil, gas and consumable fuels – 5.2%
Adams Resources & Energy, Inc.	724		27,816
Alto Ingredients, Inc. (A)	3,300		4,950
Antero Midstream Corp.	9,614		100,851
Antero Resources Corp. (A)	13,015		300,516
Arch Resources, Inc.	525		69,017
Ardmore Shipping Corp.	2,232		33,190
Berry Corp.	5,062		39,737
California Resources Corp.	1,380		53,130
Callon Petroleum Company (A)	5,698		190,541
Chord Energy Corp.	972		130,831
Civitas Resources, Inc.	516		35,263
Clean Energy Fuels Corp. (A)	13,796		60,151
CNX Resources Corp. (A)	16,589		265,756
Comstock Resources, Inc.	6,135		66,197
CONSOL Energy, Inc.	3,700		215,599
Delek US Holdings, Inc.	5,312		121,910
Denbury, Inc. (A)	259		22,696
DHT Holdings, Inc.	13,057		141,146
Dorian LPG, Ltd.	3,417		68,135
DT Midstream, Inc.	2,928		144,555
Earthstone Energy, Inc., Class A (A)	47,203		614,111
EnLink Midstream LLC (A)	6,728		72,932
EQT Corp.	1,332		42,504
Equitrans Midstream Corp.	12,580		72,712
Green Plains, Inc. (A)	3,377		104,653
Hallador Energy Company (A)	1,635		15,026
HF Sinclair Corp.	9,630		465,899
International Seaways, Inc.	3,851		160,510
Magnolia Oil & Gas Corp., Class A	29,378		642,791
Matador Resources Company	21,319		1,015,850
Murphy Oil Corp.	10,625		392,913
NACCO Industries, Inc., Class A	700		25,249
Nordic American Tankers, Ltd.	2,259		8,946
Overseas Shipholding Group, Inc., Class A (A)	5,561		21,688
Ovintiv, Inc.	494		17,824
PBF Energy, Inc., Class A	8,576		371,855
PDC Energy, Inc.	6,240		400,483
Peabody Energy Corp. (A)	9,665		247,424
Permian Resources Corp.	13,015		136,658
PHX Minerals, Inc.	557		1,459
Range Resources Corp.	1,941		51,378
REX American Resources Corp. (A)	1,688		48,260
Riley Exploration Permian, Inc.	491		18,687
SandRidge Energy, Inc. (A)	3,343		48,173
Scorpio Tankers, Inc.	4,048		227,943
SFL Corp., Ltd.	10,526		99,997
Sitio Royalties Corp., Class A	914		20,656
SM Energy Company	5,199		146,404
Talos Energy, Inc. (A)	5,877		87,215
Teekay Corp. (A)	5,602		34,620
Teekay Tankers, Ltd., Class A (A)	2,780		119,345
Vitesse Energy, Inc.	1,343		25,557
World Fuel Services Corp.	5,267		134,572
			7,986,281
			11,095,066

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financials – 19.0%
Banks – 10.9%
1st Source Corp.	2,362	$	101,920
ACNB Corp.	394		12,825
Amalgamated Financial Corp.	2,221		39,289
Amerant Bancorp, Inc.	2,770		60,275
American National Bankshares, Inc.	991		31,415
Ameris Bancorp	13,807		505,060
Ames National Corp.	500		10,400
Arrow Financial Corp.	1,117		27,824
Associated Banc-Corp.	14,499		260,692
Atlantic Union Bankshares Corp.	16,243		569,317
Axos Financial, Inc. (A)	4,021		148,455
Banc of California, Inc.	5,646		70,744
Bank of Marin Bancorp	1,851		40,518
Bank OZK	8,504		290,837
BankFinancial Corp.	2,146		18,778
BankUnited, Inc.	7,029		158,715
Bankwell Financial Group, Inc.	400		9,944
Banner Corp.	3,379		183,716
Bar Harbor Bankshares	1,690		44,701
BayCom Corp.	1,125		19,215
BCB Bancorp, Inc.	1,477		19,393
Berkshire Hills Bancorp, Inc.	4,838		121,240
Blue Foundry Bancorp (A)	912		8,682
Blue Ridge Bankshares, Inc.	682		6,956
BOK Financial Corp.	2,543		214,655
Bridgewater Bancshares, Inc. (A)	798		8,650
Brookline Bancorp, Inc.	7,292		76,566
Business First Bancshares, Inc.	1,362		23,331
Byline Bancorp, Inc.	3,345		72,319
C&F Financial Corp.	627		32,422
Cadence Bank	9,812		203,697
Cambridge Bancorp	121		7,842
Camden National Corp.	1,722		62,319
Capital City Bank Group, Inc.	1,865		54,663
Capitol Federal Financial, Inc.	11,378		76,574
Capstar Financial Holdings, Inc.	972		14,726
Carter Bankshares, Inc. (A)	1,494		20,916
Cathay General Bancorp	6,734		232,458
Central Pacific Financial Corp.	2,460		44,034
Central Valley Community Bancorp	600		12,348
Chemung Financial Corp.	723		30,005
Citizens & Northern Corp.	960		20,525
Civista Bancshares, Inc.	1,114		18,804
CNB Financial Corp.	1,562		29,990
Colony Bankcorp, Inc.	959		9,782
Columbia Banking System, Inc.	13,442		287,928
Comerica, Inc.	2,361		102,515
Community Bank System, Inc.	776		40,732
Community Trust Bancorp, Inc.	1,615		61,289
ConnectOne Bancorp, Inc.	2,683		47,435
CrossFirst Bankshares, Inc. (A)	3,053		31,995
Customers Bancorp, Inc. (A)	2,568		47,559
CVB Financial Corp.	2,549		42,517
Dime Community Bancshares, Inc.	3,811		86,586
Eagle Bancorp, Inc.	2,765		92,545
Eastern Bankshares, Inc.	3,103		39,160
Enterprise Bancorp, Inc.	246		7,739
Enterprise Financial Services Corp.	2,420		107,908
Equity Bancshares, Inc., Class A	1,442		35,142
ESSA Bancorp, Inc.	897		14,101
Evans Bancorp, Inc.	380		12,755
Farmers National Banc Corp.	1,865		23,574
FB Financial Corp.	2,794		86,838
Financial Institutions, Inc.	1,481		28,554

 

217

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
First Bancorp (North Carolina)	3,759	$	133,520
First Bancorp (Puerto Rico)	16,660		190,257
First Bank	900		9,090
First Busey Corp.	4,369		88,865
First Business Financial Services, Inc.	1,366		41,677
First Commonwealth Financial Corp.	8,341		103,679
First Community Bankshares, Inc.	2,201		55,135
First Financial Bancorp	8,400		182,868
First Financial Corp.	1,432		53,671
First Financial Northwest, Inc.	1,100		14,047
First Foundation, Inc.	4,373		32,579
First Hawaiian, Inc.	9,183		189,445
First Horizon Corp.	25,469		452,839
First Internet Bancorp	777		12,937
First Interstate BancSystem, Inc., Class A	4,845		144,672
First Merchants Corp.	4,669		153,844
First Mid Bancshares, Inc.	1,570		42,735
First Northwest Bancorp	800		9,200
First Western Financial, Inc. (A)	421		8,336
Flushing Financial Corp.	2,921		43,494
FNB Corp.	16,986		197,038
FS Bancorp, Inc.	400		12,004
Fulton Financial Corp.	13,791		190,592
German American Bancorp, Inc.	755		25,194
Great Southern Bancorp, Inc.	1,117		56,610
Guaranty Bancshares, Inc.	693		19,314
Hancock Whitney Corp.	7,556		275,038
Hanmi Financial Corp.	3,082		57,233
HarborOne Bancorp, Inc.	4,217		51,447
Heartland Financial USA, Inc.	3,376		129,503
Heritage Commerce Corp.	5,322		44,332
Heritage Financial Corp.	2,815		60,241
Hilltop Holdings, Inc.	4,528		134,346
Home Bancorp, Inc.	902		29,793
HomeStreet, Inc.	1,802		32,418
HomeTrust Bancshares, Inc.	560		13,770
Hope Bancorp, Inc.	10,431		102,432
Horizon Bancorp, Inc.	4,654		51,473
Independent Bank Corp. (Massachusetts)	2,387		156,635
Independent Bank Corp. (Michigan)	1,806		32,093
Independent Bank Group, Inc.	2,888		133,859
International Bancshares Corp.	4,680		200,398
Investar Holding Corp.	500		6,980
Kearny Financial Corp.	6,261		50,839
Lakeland Bancorp, Inc.	5,402		84,487
LCNB Corp.	600		9,804
Live Oak Bancshares, Inc.	752		18,326
Luther Burbank Corp.	1,694		16,059
Macatawa Bank Corp.	5,091		52,030
Mercantile Bank Corp.	1,666		50,946
Metrocity Bankshares, Inc.	637		10,886
Metropolitan Bank Holding Corp. (A)	762		25,824
Mid Penn Bancorp, Inc.	1,196		30,630
Midland States Bancorp, Inc.	1,553		33,265
MidWestOne Financial Group, Inc.	1,343		32,796
MVB Financial Corp.	300		6,192
National Bank Holdings Corp., Class A	1,336		44,703
National Bankshares, Inc.	622		19,568
NBT Bancorp, Inc.	2,964		99,916
New York Community Bancorp, Inc. (C)	39,746		359,304
Nicolet Bankshares, Inc. (A)	711		44,829
Northeast Bank	770		25,918
Northfield Bancorp, Inc.	4,825		56,839
Northrim BanCorp, Inc.	647		30,525

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Northwest Bancshares, Inc.	9,669	$	116,318
Norwood Financial Corp.	1,188		34,951
OceanFirst Financial Corp.	5,012		92,622
OFG Bancorp	4,124		102,853
Old National Bancorp	18,139		261,564
Old Second Bancorp, Inc.	2,721		38,257
OP Bancorp	1,000		8,910
Origin Bancorp, Inc.	1,486		47,775
Orrstown Financial Services, Inc.	500		9,930
Pacific Premier Bancorp, Inc.	6,740		161,895
PacWest Bancorp (C)	8,040		78,229
Pathward Financial, Inc.	2,595		107,667
PCB Bancorp	836		12,114
Peapack-Gladstone Financial Corp.	1,625		48,133
Penns Woods Bancorp, Inc.	1,188		27,443
Peoples Bancorp, Inc.	2,883		74,237
Pinnacle Financial Partners, Inc.	7,391		407,688
Popular, Inc.	5,455		313,172
Preferred Bank	659		36,120
Premier Financial Corp.	2,871		59,516
Primis Financial Corp.	3,850		37,076
Prosperity Bancshares, Inc.	5,378		330,855
Provident Financial Holdings, Inc.	1,778		24,234
Provident Financial Services, Inc.	6,184		118,609
QCR Holdings, Inc.	1,449		63,626
RBB Bancorp	1,075		16,663
Renasant Corp.	3,529		107,917
Republic Bancorp, Inc., Class A	1,449		61,481
Republic First Bancorp, Inc. (A)	2,700		3,672
Riverview Bancorp, Inc.	3,925		20,960
S&T Bancorp, Inc.	3,436		108,062
Sandy Spring Bancorp, Inc.	3,344		86,877
Seacoast Banking Corp. of Florida	1,753		41,546
Shore Bancshares, Inc.	2,225		31,773
Sierra Bancorp	1,759		30,290
Simmons First National Corp., Class A	9,236		161,538
SmartFinancial, Inc.	886		20,502
South Plains Financial, Inc.	443		9,485
Southern First Bancshares, Inc. (A)	537		16,486
Southern Missouri Bancorp, Inc.	1,012		37,859
Southside Bancshares, Inc.	747		24,800
SouthState Corp.	3,058		217,913
Stellar Bancorp, Inc.	3,959		97,431
Synovus Financial Corp.	3,554		109,570
Territorial Bancorp, Inc.	1,722		33,252
Texas Capital Bancshares, Inc. (A)	3,434		168,129
The Bank of NT Butterfield & Son, Ltd.	904		24,408
The Community Financial Corp.	300		9,939
The First Bancorp, Inc.	1,316		34,071
The First Bancshares, Inc.	1,916		49,490
The First of Long Island Corp.	2,386		32,211
The Hingham Institution for Savings	69		16,107
Tompkins Financial Corp.	268		17,744
Towne Bank	4,917		131,038
TriCo Bancshares	721		29,986
Triumph Financial, Inc. (A)	540		31,352
Trustmark Corp.	4,932		121,820
UMB Financial Corp.	504		29,091
United Bankshares, Inc.	7,106		250,131
United Community Banks, Inc.	6,149		172,910
Unity Bancorp, Inc.	430		9,808
Univest Financial Corp.	2,739		65,024
Valley National Bancorp	24,313		224,652
Veritex Holdings, Inc.	3,741		68,311
Washington Federal, Inc.	4,842		145,841

 

218

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Washington Trust Bancorp, Inc.	1,035	$	35,873
Webster Financial Corp.	7,167		282,523
WesBanco, Inc.	5,027		154,329
Western New England Bancorp, Inc.	3,609		29,630
Wintrust Financial Corp.	3,040		221,768
WSFS Financial Corp.	4,396		165,334
Zions Bancorp NA	6,476		193,827
			16,870,946
Capital markets – 1.9%
Avantax, Inc. (A)	2,434		64,063
Houlihan Lokey, Inc.	7,491		655,388
Invesco, Ltd.	24,463		401,193
Janus Henderson Group PLC	7,859		209,364
Jefferies Financial Group, Inc.	11,412		362,217
Oppenheimer Holdings, Inc., Class A	1,182		46,275
PJT Partners, Inc., Class A	6,901		498,183
Stifel Financial Corp.	8,360		493,992
StoneX Group, Inc. (A)	1,235		127,860
Virtus Investment Partners, Inc.	126		23,989
			2,882,524
Consumer finance – 1.1%
Ally Financial, Inc.	14,225		362,595
Atlanticus Holdings Corp. (A)	505		13,701
Bread Financial Holdings, Inc.	4,838		146,688
Consumer Portfolio Services, Inc. (A)	1,066		11,396
Encore Capital Group, Inc. (A)	2,509		126,579
Enova International, Inc. (A)	3,425		152,173
EZCORP, Inc., Class A (A)	4,801		41,289
Green Dot Corp., Class A (A)	3,440		59,099
LendingClub Corp. (A)	7,056		50,874
Navient Corp.	13,508		215,993
Nelnet, Inc., Class A	2,648		243,325
Nicholas Financial, Inc. (A)	75		446
OneMain Holdings, Inc.	1,639		60,774
PRA Group, Inc. (A)	3,071		119,646
PROG Holdings, Inc. (A)	2,293		54,550
Regional Management Corp.	573		14,950
SLM Corp.	2,729		33,812
			1,707,890
Financial services – 1.9%
Acacia Research Corp. (A)	2,172		8,384
Alerus Financial Corp.	904		14,509
A-Mark Precious Metals, Inc.	1,251		43,347
BM Technologies, Inc. (A)	367		1,292
California First Leasing Corp. (A)	880		13,684
Cannae Holdings, Inc. (A)	7,237		146,043
Cass Information Systems, Inc.	379		16,414
Essent Group, Ltd.	1,041		41,692
Federal Agricultural Mortgage Corp., Class C	594		79,115
Flywire Corp. (A)	34,294		1,006,872
Jackson Financial, Inc., Class A	3,732		139,614
Merchants Bancorp	1,376		35,831
MGIC Investment Corp.	9,993		134,106
Mr. Cooper Group, Inc. (A)	3,087		126,474
NMI Holdings, Inc., Class A (A)	5,822		130,005
Ocwen Financial Corp. (A)	315		8,543
PennyMac Financial Services, Inc.	3,525		210,125
Radian Group, Inc.	10,338		228,470
TrustCo Bank Corp. NY	1,826		58,322
Voya Financial, Inc.	5,033		359,658
Walker & Dunlop, Inc.	615		46,845

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Waterstone Financial, Inc.	3,099	$	46,888
			2,896,233
Insurance – 3.2%
Ambac Financial Group, Inc. (A)	2,550		39,474
American Equity Investment Life Holding Company	7,384		269,442
Argo Group International Holdings, Ltd.	2,597		76,066
Assured Guaranty, Ltd.	5,779		290,510
Axis Capital Holdings, Ltd.	4,518		246,321
Brighthouse Financial, Inc. (A)	5,409		238,591
CNA Financial Corp.	436		17,017
CNO Financial Group, Inc.	7,507		166,580
Donegal Group, Inc., Class A	2,876		43,945
Employers Holdings, Inc.	2,283		95,178
Enstar Group, Ltd. (A)	1,090		252,651
Everest Re Group, Ltd.	674		241,305
F&G Annuities & Life, Inc.	192		3,479
Fidelity National Financial, Inc.	2,837		99,096
First American Financial Corp.	4,176		232,436
Genworth Financial, Inc., Class A (A)	36,213		181,789
Greenlight Capital Re, Ltd., Class A (A)	2,616		24,564
Hallmark Finl Services, Inc. (A)	400		2,600
Heritage Insurance Holdings, Inc.	657		2,024
Horace Mann Educators Corp.	3,303		110,584
Investors Title Company	189		28,539
James River Group Holdings, Ltd.	2,157		44,542
Kemper Corp.	4,019		219,679
MBIA, Inc. (A)	1,892		17,520
Mercury General Corp.	3,607		114,486
National Western Life Group, Inc., Class A	221		53,619
Old Republic International Corp.	15,344		383,140
Oscar Health, Inc., Class A (A)	6,663		43,576
ProAssurance Corp.	4,655		86,024
Reinsurance Group of America, Inc.	1,644		218,257
Safety Insurance Group, Inc.	612		45,606
SiriusPoint, Ltd. (A)	10,334		84,015
Stewart Information Services Corp.	1,817		73,316
Tiptree, Inc.	3,689		53,749
United Fire Group, Inc.	1,897		50,365
Universal Insurance Holdings, Inc.	3,287		59,889
Unum Group	10,883		430,531
White Mountains Insurance Group, Ltd.	205		282,385
			4,922,890
			29,280,483
Health care – 11.6%
Biotechnology – 3.4%
Achillion Pharmaceuticals, Inc. (A)(B)	10,940		16,452
Agios Pharmaceuticals, Inc. (A)	6,006		137,958
Allogene Therapeutics, Inc. (A)	4,442		21,943
AnaptysBio, Inc. (A)	1,489		32,401
Anika Therapeutics, Inc. (A)	1,585		45,521
Arcus Biosciences, Inc. (A)	3,846		70,151
Arcutis Biotherapeutics, Inc. (A)	30,010		330,110
Avidity Biosciences, Inc. (A)	1,027		15,764
Avita Medical, Inc. (A)	2,616		36,546
BioCryst Pharmaceuticals, Inc. (A)	63,098		526,237
Crinetics Pharmaceuticals, Inc. (A)	24,000		385,440
Dynavax Technologies Corp. (A)	6,989		68,562
Eagle Pharmaceuticals, Inc. (A)	585		16,596
Editas Medicine, Inc. (A)	3,778		27,391
Emergent BioSolutions, Inc. (A)	2,676		27,723
Generation Bio Company (A)	4,046		17,398
Halozyme Therapeutics, Inc. (A)	16,060		613,331

 

219

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Ideaya Biosciences, Inc. (A)	2,156	$	29,602
Immunovant, Inc. (A)	1,729		26,817
Insmed, Inc. (A)	25,585		436,224
Ironwood Pharmaceuticals, Inc. (A)	7,248		76,249
iTeos Therapeutics, Inc. (A)	1,538		20,932
Jounce Therapeutics, Inc. (A)	3,193		5,907
Kodiak Sciences, Inc. (A)	1,185		7,347
Kura Oncology, Inc. (A)	2,404		29,401
Myriad Genetics, Inc. (A)	5,783		134,339
PDL BioPharma, Inc. (A)(B)	5,434		6,358
Protagonist Therapeutics, Inc. (A)	3,736		85,928
REGENXBIO, Inc. (A)	1,693		32,015
Sage Therapeutics, Inc. (A)	2,666		111,865
Sutro Biopharma, Inc. (A)	1,765		8,154
Travere Therapeutics, Inc. (A)	23,022		517,765
Vanda Pharmaceuticals, Inc. (A)	4,716		32,022
Veracyte, Inc. (A)	21,185		472,426
Vericel Corp. (A)	25,587		750,211
Xencor, Inc. (A)	1,408		39,269
			5,212,355
Health care equipment and supplies – 2.8%
AngioDynamics, Inc. (A)	3,198		33,067
Artivion, Inc. (A)	20,622		270,148
AtriCure, Inc. (A)	11,508		477,007
Avanos Medical, Inc. (A)	3,807		113,220
Cardiovascular Systems, Inc. (A)	14,964		297,185
Dentsply Sirona, Inc.	11,209		440,290
Enovis Corp. (A)	4,807		257,126
Envista Holdings Corp. (A)	8,580		350,750
FONAR Corp. (A)	463		7,501
Globus Medical, Inc., Class A (A)	9,770		553,373
Heska Corp. (A)	103		10,055
ICU Medical, Inc. (A)	2,303		379,903
Inogen, Inc. (A)	1,678		20,941
Integer Holdings Corp. (A)	2,433		188,558
Integra LifeSciences Holdings Corp. (A)	9,703		557,049
Kewaunee Scientific Corp. (A)	83		1,306
LENSAR, Inc. (A)	783		1,926
LivaNova PLC (A)	1,624		70,774
Mesa Laboratories, Inc.	169		29,529
NuVasive, Inc. (A)	2,101		86,792
OraSure Technologies, Inc. (A)	4,040		24,442
Orthofix Medical, Inc. (A)	2,161		36,197
Surgalign Holdings, Inc. (A)	164		262
UFP Technologies, Inc. (A)	300		38,952
Utah Medical Products, Inc.	289		27,389
Varex Imaging Corp. (A)	4,007		72,887
			4,346,629
Health care providers and services – 2.4%
Acadia Healthcare Company, Inc. (A)	12,839		927,618
Addus HomeCare Corp. (A)	1,766		188,538
Agiliti, Inc. (A)	741		11,841
Amedisys, Inc. (A)	136		10,003
Brookdale Senior Living, Inc. (A)	14,458		42,651
Castle Biosciences, Inc. (A)	9,598		218,067
Cross Country Healthcare, Inc. (A)	2,734		61,023
Enhabit, Inc. (A)	80		1,113
Fulgent Genetics, Inc. (A)	1,997		62,346
HealthEquity, Inc. (A)	9,772		573,714
National HealthCare Corp.	1,428		82,924
NeoGenomics, Inc. (A)	4,116		71,660
OPKO Health, Inc. (A)	8,398		12,261
Owens & Minor, Inc. (A)	3,760		54,708
Patterson Companies, Inc.	6,467		173,122
Pediatrix Medical Group, Inc. (A)	5,689		84,823

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
PetIQ, Inc. (A)	1,147	$	13,122
Premier, Inc., Class A	4,243		137,346
Select Medical Holdings Corp.	1,202		31,072
Universal Health Services, Inc., Class B	3,600		457,560
US Physical Therapy, Inc.	4,049		396,438
			3,611,950
Health care technology – 0.3%
American Well Corp., Class A (A)	9,568		22,580
Certara, Inc. (A)	5,145		124,046
Computer Programs and Systems, Inc. (A)	1,067		32,223
HealthStream, Inc. (A)	1,969		53,360
NextGen Healthcare, Inc. (A)	2,912		50,698
Teladoc Health, Inc. (A)	2,158		55,892
Veradigm, Inc. (A)	11,365		148,313
			487,112
Life sciences tools and services – 1.2%
Azenta, Inc. (A)	16,570		739,353
CryoPort, Inc. (A)	16,390		393,360
Harvard Bioscience, Inc. (A)	5,200		21,840
Medpace Holdings, Inc. (A)	3,537		665,133
OmniAb, Inc. (A)	3,101		11,412
OmniAb, Inc., $12.50 Earnout Shares (A)(B)	240		0
OmniAb, Inc., $15.00 Earnout Shares (A)(B)	240		0
Personalis, Inc. (A)	1,146		3,163
Seer, Inc. (A)	2,095		8,087
Syneos Health, Inc. (A)	1,384		49,298
			1,891,646
Pharmaceuticals – 1.5%
Amphastar Pharmaceuticals, Inc. (A)	853		31,988
ANI Pharmaceuticals, Inc. (A)	800		31,776
Collegium Pharmaceutical, Inc. (A)	624		14,970
Cumberland Pharmaceuticals, Inc. (A)	956		1,864
Elanco Animal Health, Inc. (A)	9,283		87,260
Innoviva, Inc. (A)	7,202		81,023
Intra-Cellular Therapies, Inc. (A)	12,727		689,167
Ligand Pharmaceuticals, Inc. (A)	633		46,563
Nektar Therapeutics (A)	10,585		7,440
Organon & Company	695		16,346
Perrigo Company PLC	7,043		252,632
Phathom Pharmaceuticals, Inc. (A)	27,786		198,392
Phibro Animal Health Corp., Class A	1,429		21,892
Prestige Consumer Healthcare, Inc. (A)	3,612		226,220
Supernus Pharmaceuticals, Inc. (A)	17,378		629,605
Taro Pharmaceutical Industries, Ltd. (A)	503		12,233
			2,349,371
			17,899,063
Industrials – 19.8%
Aerospace and defense – 1.2%
AAR Corp. (A)	3,353		182,906
AerSale Corp. (A)	635		10,935
Astronics Corp. (A)	1,700		22,712
Ducommun, Inc. (A)	1,245		68,114
Hexcel Corp.	12,315		840,499
Kaman Corp.	1,770		40,462
Kratos Defense & Security Solutions, Inc. (A)	3,850		51,898
Maxar Technologies, Inc.	5,183		264,644
Mercury Systems, Inc. (A)	2,355		120,388
Moog, Inc., Class A	1,548		155,961
National Presto Industries, Inc.	644		46,426

 

220

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Park Aerospace Corp.	2,083	$	28,016
Parsons Corp. (A)	721		32,258
SIFCO Industries, Inc. (A)	1,000		3,006
V2X, Inc. (A)	1,029		40,872
			1,909,097
Air freight and logistics – 0.2%
Air Transport Services Group, Inc. (A)	7,279		151,622
Hub Group, Inc., Class A (A)	2,418		202,967
Radiant Logistics, Inc. (A)	3,764		24,692
			379,281
Building products – 1.9%
American Woodmark Corp. (A)	1,309		68,160
Apogee Enterprises, Inc.	2,178		94,199
AZZ, Inc.	1,376		56,746
Builders FirstSource, Inc. (A)	8,294		736,341
Fortune Brands Innovations, Inc.	538		31,597
Gibraltar Industries, Inc. (A)	14,106		684,141
Griffon Corp.	2,832		90,652
Hayward Holdings, Inc. (A)	2,363		27,694
Insteel Industries, Inc.	1,689		46,988
JELD-WEN Holding, Inc. (A)	4,097		51,868
Masonite International Corp. (A)	872		79,151
Masterbrand, Inc. (A)	538		4,326
Owens Corning	1,092		104,614
PGT Innovations, Inc. (A)	2,094		52,580
Quanex Building Products Corp.	3,929		84,591
Resideo Technologies, Inc. (A)	10,435		190,752
The AZEK Company, Inc. (A)	9,070		213,508
UFP Industries, Inc.	3,823		303,814
			2,921,722
Commercial services and supplies – 1.0%
ABM Industries, Inc.	5,899		265,101
ACCO Brands Corp.	8,323		44,278
Acme United Corp.	733		16,859
Brady Corp., Class A	2,444		131,316
BrightView Holdings, Inc. (A)	6,940		39,003
CECO Environmental Corp. (A)	3,081		43,103
Civeo Corp. (A)	673		13,897
Clean Harbors, Inc. (A)	371		52,890
Deluxe Corp.	3,291		52,656
Ennis, Inc.	2,608		55,003
Harsco Corp. (A)	7,551		51,573
Healthcare Services Group, Inc.	2,180		30,237
Heritage-Crystal Clean, Inc. (A)	1,877		66,840
HNI Corp.	1,502		41,816
Interface, Inc.	2,884		23,418
KAR Auction Services, Inc. (A)	8,224		112,504
Kimball International, Inc., Class B	3,015		37,386
Matthews International Corp., Class A	2,517		90,763
MillerKnoll, Inc.	1,587		32,454
NL Industries, Inc.	3,260		19,756
SP Plus Corp. (A)	400		13,716
Steelcase, Inc., Class A	6,532		54,999
UniFirst Corp.	667		117,545
Virco Manufacturing Corp. (A)	1,200		4,764
VSE Corp.	1,368		61,423
			1,473,300
Construction and engineering – 1.2%
API Group Corp. (A)	3,732		83,895
Arcosa, Inc.	4,310		272,004
Argan, Inc.	1,446		58,520
Concrete Pumping Holdings, Inc. (A)	1,800		12,240
Construction Partners, Inc., Class A (A)	553		14,898
Dycom Industries, Inc. (A)	1,471		137,759

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Fluor Corp. (A)	3,410	$	105,403
Granite Construction, Inc.	3,746		153,886
Great Lakes Dredge & Dock Corp. (A)	6,888		37,402
IES Holdings, Inc. (A)	1,180		50,846
MasTec, Inc. (A)	3,416		322,607
Matrix Service Company (A)	2,731		14,747
MDU Resources Group, Inc.	6,327		192,847
MYR Group, Inc. (A)	1,212		152,724
Northwest Pipe Company (A)	1,306		40,786
Orion Group Holdings, Inc. (A)	4,263		11,041
Primoris Services Corp.	3,474		85,669
Sterling Infrastructure, Inc. (A)	2,528		95,761
Tutor Perini Corp. (A)	4,167		25,710
			1,868,745
Electrical equipment – 1.9%
Allied Motion Technologies, Inc.	300		11,595
American Superconductor Corp. (A)	1,655		8,126
Atkore, Inc. (A)	9,926		1,394,403
Encore Wire Corp.	1,949		361,208
EnerSys	1,533		133,187
LSI Industries, Inc.	4,131		57,545
nVent Electric PLC	3,155		135,476
Pineapple Energy, Inc. (A)	450		716
Powell Industries, Inc.	1,244		52,982
Preformed Line Products Company	492		62,996
Regal Rexnord Corp.	3,159		444,566
Sensata Technologies Holding PLC	3,072		153,661
Sunrun, Inc. (A)	2,009		40,481
Thermon Group Holdings, Inc. (A)	3,483		86,796
Ultralife Corp. (A)	1,984		7,976
			2,951,714
Ground transportation – 1.2%
ArcBest Corp.	2,462		227,538
Covenant Logistics Group, Inc.	1,513		53,590
Daseke, Inc. (A)	2,236		17,284
Heartland Express, Inc.	4,107		65,383
Knight-Swift Transportation Holdings, Inc.	8,340		471,877
Marten Transport, Ltd.	6,368		133,410
PAM Transportation Services, Inc. (A)	2,085		59,694
Patriot Transportation Holding, Inc. (A)	450		3,560
Ryder System, Inc.	3,393		302,791
Schneider National, Inc., Class B	3,459		92,528
TuSimple Holdings, Inc., Class A (A)	4,034		5,930
U.S. Xpress Enterprises, Inc., Class A (A)	2,111		12,539
U-Haul Holding Company, Series N	4,257		220,725
Universal Logistics Holdings, Inc.	600		17,490
Werner Enterprises, Inc.	4,155		189,011
			1,873,350
Machinery – 5.2%
3D Systems Corp. (A)	5,104		54,715
AGCO Corp.	1,707		230,786
Alamo Group, Inc.	5,275		971,444
Albany International Corp., Class A	743		66,394
Astec Industries, Inc.	2,415		99,619
Barnes Group, Inc.	4,989		200,957
CIRCOR International, Inc. (A)	441		13,724
Columbus McKinnon Corp.	2,178		80,934
Commercial Vehicle Group, Inc. (A)	2,492		18,192
Enerpac Tool Group Corp.	1,506		38,403
EnPro Industries, Inc.	1,502		156,043
Esab Corp.	2,502		147,793
ESCO Technologies, Inc.	1,885		179,923

 

221

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Federal Signal Corp.	3,670	$	198,951
Flowserve Corp.	699		23,766
Gates Industrial Corp. PLC (A)	18,170		252,381
Gencor Industries, Inc. (A)	2,100		32,277
Graham Corp. (A)	333		4,356
Helios Technologies, Inc.	8,805		575,847
Hillenbrand, Inc.	12,094		574,828
Hurco Companies, Inc.	1,054		26,687
Hyster-Yale Materials Handling, Inc.	466		23,249
Kennametal, Inc.	6,313		174,113
LB Foster Company, Class A (A)	1,699		19,505
Luxfer Holdings PLC	633		10,698
Mayville Engineering Company, Inc. (A)	1,096		16,352
Miller Industries, Inc.	1,434		50,692
Mueller Industries, Inc.	2,004		147,254
Mueller Water Products, Inc., Class A	2,340		32,620
NN, Inc. (A)	2,376		2,542
Oshkosh Corp.	1,276		106,138
Park-Ohio Holdings Corp.	749		9,048
Perma-Pipe International Holdings, Inc. (A)	1,100		11,693
Proto Labs, Inc. (A)	1,588		52,642
RBC Bearings, Inc. (A)	3,987		927,895
REV Group, Inc.	5,224		62,636
SPX Technologies, Inc. (A)	10,000		705,800
Standex International Corp.	310		37,956
Tennant Company	694		47,560
Terex Corp.	1,393		67,393
The Eastern Company	1,471		28,655
The Gorman-Rupp Company	1,454		36,350
The Greenbrier Companies, Inc.	2,830		91,041
The LS Starrett Company, Class A (A)	1,530		17,167
The Manitowoc Company, Inc. (A)	3,343		57,132
The Shyft Group, Inc.	33,577		763,877
The Timken Company	2,179		178,068
Titan International, Inc. (A)	3,936		41,249
Trinity Industries, Inc.	7,997		194,807
Twin Disc, Inc. (A)	1,650		15,873
Wabash National Corp.	1,980		48,688
			7,926,713
Marine transportation – 0.4%
Costamare, Inc.	9,592		90,261
Eagle Bulk Shipping, Inc.	1,293		58,832
Eneti, Inc.	1,112		10,397
Genco Shipping & Trading, Ltd.	4,550		71,253
Kirby Corp. (A)	2,166		150,970
Matson, Inc.	2,868		171,134
Pangaea Logistics Solutions, Ltd.	1,768		10,378
			563,225
Passenger airlines – 0.6%
Alaska Air Group, Inc. (A)	7,840		328,966
Allegiant Travel Company (A)	1,247		114,699
Copa Holdings SA, Class A (A)	905		83,577
Hawaiian Holdings, Inc. (A)	3,931		36,008
JetBlue Airways Corp. (A)	22,528		164,004
Mesa Air Group, Inc. (A)	1,399		3,316
SkyWest, Inc. (A)	3,644		80,787
Spirit Airlines, Inc.	5,129		88,065
			899,422
Professional services – 2.4%
Barrett Business Services, Inc.	354		31,379
BGSF, Inc.	800		8,520
CACI International, Inc., Class A (A)	2,518		746,033
CBIZ, Inc. (A)	3,282		162,426

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Clarivate PLC (A)(C)	21,840	$	205,078
Concentrix Corp.	1,811		220,127
Conduent, Inc. (A)	14,444		49,543
CRA International, Inc.	722		77,846
Dun & Bradstreet Holdings, Inc.	6,331		74,326
Exponent, Inc.	8,970		894,219
First Advantage Corp. (A)	1,878		26,217
Forrester Research, Inc. (A)	9,254		299,367
Heidrick & Struggles International, Inc.	1,672		50,762
Huron Consulting Group, Inc. (A)	1,411		113,402
ICF International, Inc.	1,429		156,761
Kelly Services, Inc., Class A	3,287		54,531
Korn Ferry	3,492		180,676
ManpowerGroup, Inc.	1,014		83,685
Mistras Group, Inc. (A)	2,232		15,133
NV5 Global, Inc. (A)	533		55,416
RCM Technologies, Inc. (A)	300		3,468
Resources Connection, Inc.	4,120		70,287
TrueBlue, Inc. (A)	3,219		57,298
Willdan Group, Inc. (A)	400		6,248
			3,642,748
Trading companies and distributors – 2.6%
Air Lease Corp.	8,638		340,078
Alta Equipment Group, Inc.	1,696		26,882
Beacon Roofing Supply, Inc. (A)	4,604		270,945
BlueLinx Holdings, Inc. (A)	893		60,688
Boise Cascade Company	3,470		219,478
Distribution Solutions Group, Inc. (A)	591		26,867
DXP Enterprises, Inc. (A)	1,767		47,568
GATX Corp.	2,464		271,089
GMS, Inc. (A)	1,599		92,566
Herc Holdings, Inc.	249		28,361
Hudson Technologies, Inc. (A)	2,645		23,091
McGrath RentCorp	1,500		139,965
MRC Global, Inc. (A)	2,745		26,681
NOW, Inc. (A)	7,656		85,364
Rush Enterprises, Inc., Class A	3,581		195,523
Rush Enterprises, Inc., Class B	1,117		66,897
SiteOne Landscape Supply, Inc. (A)	6,498		889,381
Textainer Group Holdings, Ltd.	3,510		112,706
Titan Machinery, Inc. (A)	2,366		72,045
Triton International, Ltd.	4,778		302,065
Univar Solutions, Inc. (A)	3,996		139,980
Veritiv Corp.	1,106		149,465
WESCO International, Inc.	2,696		416,640
Willis Lease Finance Corp. (A)	406		22,241
			4,026,566
			30,435,883
Information technology – 12.6%
Communications equipment – 1.0%
Aviat Networks, Inc. (A)	829		28,567
BK Technologies Corp.	2,100		5,985
Comtech Telecommunications Corp.	2,706		33,771
Digi International, Inc. (A)	4,035		135,899
Harmonic, Inc. (A)	4,334		63,233
Juniper Networks, Inc.	6,436		221,527
KVH Industries, Inc. (A)	910		10,356
NETGEAR, Inc. (A)	3,326		61,564
NetScout Systems, Inc. (A)	5,946		170,353
Optical Cable Corp. (A)	931		4,013
Ribbon Communications, Inc. (A)	8,541		29,210
TESSCO Technologies, Inc. (A)	1,750		8,400
Viasat, Inc. (A)	5,154		174,411

 

222

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Viavi Solutions, Inc. (A)	52,837	$	572,225
			1,519,514
Electronic equipment, instruments and components – 4.0%
ADDvantage Technologies Group, Inc. (A)	428		475
Arrow Electronics, Inc. (A)	6,196		773,695
Avnet, Inc.	9,371		423,569
Bel Fuse, Inc., Class B	1,641		61,669
Belden, Inc.	2,104		182,564
Benchmark Electronics, Inc.	3,813		90,330
Climb Global Solutions, Inc.	314		16,733
Coherent Corp. (A)	192		7,311
CTS Corp.	3,299		163,169
Daktronics, Inc. (A)	3,929		22,277
ePlus, Inc. (A)	1,596		78,268
Fabrinet (A)	990		117,572
FARO Technologies, Inc. (A)	684		16,833
Flex, Ltd. (A)	19,743		454,286
Frequency Electronics, Inc.	1,783		12,285
Insight Enterprises, Inc. (A)	2,190		313,082
Itron, Inc. (A)	1,487		82,454
Jabil, Inc.	1,144		100,855
Key Tronic Corp. (A)	1,900		13,813
Kimball Electronics, Inc. (A)	3,036		73,168
Knowles Corp. (A)	7,107		120,819
Methode Electronics, Inc.	2,971		130,367
Novanta, Inc. (A)	7,152		1,137,812
OSI Systems, Inc. (A)	880		90,077
PC Connection, Inc.	2,391		107,499
Plexus Corp. (A)	2,005		195,628
RF Industries, Ltd. (A)	120		521
Richardson Electronics, Ltd.	1,461		32,610
Rogers Corp. (A)	1,055		172,419
Sanmina Corp. (A)	4,939		301,230
ScanSource, Inc. (A)	2,542		77,378
TD SYNNEX Corp.	3,838		371,480
TTM Technologies, Inc. (A)	9,137		123,258
Vishay Intertechnology, Inc.	10,499		237,487
Vishay Precision Group, Inc. (A)	1,686		70,407
			6,173,400
IT services – 0.7%
Brightcove, Inc. (A)	2,443		10,871
DXC Technology Company (A)	12,686		324,254
Fastly, Inc., Class A (A)	4,758		84,502
Information Services Group, Inc.	4,400		22,396
Kyndryl Holdings, Inc. (A)	7,109		104,929
PFSweb, Inc.	1,835		7,780
Rackspace Technology, Inc. (A)	4,730		8,892
Thoughtworks Holding, Inc. (A)	77,910		573,417
			1,137,041
Semiconductors and semiconductor equipment – 3.8%
Allegro MicroSystems, Inc. (A)	14,850		712,652
Alpha & Omega Semiconductor, Ltd. (A)	2,746		74,005
Amkor Technology, Inc.	18,705		486,704
Amtech Systems, Inc. (A)	2,404		22,934
Axcelis Technologies, Inc. (A)	475		63,294
AXT, Inc. (A)	4,229		16,831
CEVA, Inc. (A)	1,530		46,558
Cohu, Inc. (A)	4,842		185,884
Diodes, Inc. (A)	1,516		140,624
First Solar, Inc. (A)	3,751		815,843
FormFactor, Inc. (A)	3,545		112,908
Ichor Holdings, Ltd. (A)	2,659		87,056
Kulicke & Soffa Industries, Inc.	4,804		253,123

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
MACOM Technology Solutions Holdings, Inc. (A)	8,496	$	601,857
Magnachip Semiconductor Corp. (A)	2,526		23,441
MKS Instruments, Inc.	127		11,255
Onto Innovation, Inc. (A)	1,755		154,229
Photronics, Inc. (A)	5,882		97,524
Power Integrations, Inc.	9,644		816,268
Rambus, Inc. (A)	455		23,323
Silicon Laboratories, Inc. (A)	5,017		878,427
Ultra Clean Holdings, Inc. (A)	3,668		121,631
Veeco Instruments, Inc. (A)	2,996		63,305
			5,809,676
Software – 2.6%
ACI Worldwide, Inc. (A)	9,923		267,723
Adeia, Inc.	4,859		43,051
Appfolio, Inc., Class A (A)	4,887		608,334
Asure Software, Inc. (A)	1,391		20,170
Aware, Inc. (A)	2,160		3,672
Cerence, Inc. (A)	289		8,118
Cognyte Software, Ltd. (A)	402		1,363
Consensus Cloud Solutions, Inc. (A)	218		7,432
CyberArk Software, Ltd. (A)	5,540		819,809
Digital Turbine, Inc. (A)	1,322		16,340
Ebix, Inc.	2,981		39,319
InterDigital, Inc.	1,490		108,621
LiveRamp Holdings, Inc. (A)	1,737		38,092
N-able, Inc. (A)	430		5,676
ON24, Inc. (A)	2,666		23,354
OneSpan, Inc. (A)	1,048		18,340
Paycor HCM, Inc. (A)	26,789		710,444
Rapid7, Inc. (A)	7,091		325,548
SecureWorks Corp., Class A (A)	1,000		8,570
SolarWinds Corp. (A)	8,968		77,125
The Descartes Systems Group, Inc. (A)	9,553		770,067
Upland Software, Inc. (A)	1,064		4,575
Verint Systems, Inc. (A)	1,067		39,735
Xperi, Inc. (A)	1,943		21,237
			3,986,715
Technology hardware, storage and peripherals – 0.5%
AstroNova, Inc. (A)	1,439		20,276
Stratasys, Ltd. (A)	4,814		79,575
Super Micro Computer, Inc. (A)	3,994		425,561
Xerox Holdings Corp.	12,185		187,649
			713,061
			19,339,407
Materials – 6.7%
Chemicals – 2.9%
AdvanSix, Inc.	2,405		92,039
American Vanguard Corp.	2,933		64,174
Ashland, Inc.	2,740		281,425
Avient Corp.	19,125		787,185
Balchem Corp.	4,858		614,440
Chase Corp.	200		20,946
Core Molding Technologies, Inc. (A)	1,000		17,990
Eastman Chemical Company	469		39,555
Ecovyst, Inc. (A)	9,373		103,572
Element Solutions, Inc.	7,035		135,846
FutureFuel Corp.	4,276		31,557
Hawkins, Inc.	1,460		63,919
HB Fuller Company	3,339		228,555
Huntsman Corp.	15,185		415,462
Innospec, Inc.	1,890		194,046
Intrepid Potash, Inc. (A)	1,117		30,829
Koppers Holdings, Inc.	1,694		59,239

 

223

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Kronos Worldwide, Inc.	3,820	$	35,182
LSB Industries, Inc. (A)	1,567		16,187
Mativ Holdings, Inc.	3,303		70,915
Minerals Technologies, Inc.	2,317		139,993
Olin Corp.	1,947		108,059
Quaker Chemical Corp.	2,189		433,313
Rayonier Advanced Materials, Inc. (A)	4,555		28,560
Stepan Company	1,655		170,515
Trinseo PLC	2,288		47,705
Tronox Holdings PLC	10,595		152,356
Venator Materials PLC (A)	2,700		1,093
Westlake Corp.	451		52,307
			4,436,964
Construction materials – 0.2%
Summit Materials, Inc., Class A (A)	5,925		168,803
United States Lime & Minerals, Inc.	686		104,745
			273,548
Containers and packaging – 0.9%
Berry Global Group, Inc.	7,897		465,133
Graphic Packaging Holding Company	742		18,914
Greif, Inc., Class A	1,784		113,052
Greif, Inc., Class B	913		69,863
Myers Industries, Inc.	617		13,222
O-I Glass, Inc. (A)	2,514		57,093
Pactiv Evergreen, Inc.	3,705		29,640
Ranpak Holdings Corp. (A)	1,842		9,615
Silgan Holdings, Inc.	518		27,801
Sonoco Products Company	1,332		81,252
TriMas Corp.	1,856		51,708
Westrock Company	13,906		423,716
			1,361,009
Metals and mining – 2.6%
Alcoa Corp.	11,756		500,335
Ampco-Pittsburgh Corp. (A)	1,644		4,028
Arconic Corp. (A)	9,439		247,585
Ascent Industries Company (A)	2,209		20,190
Carpenter Technology Corp.	4,715		211,043
Century Aluminum Company (A)	4,406		44,060
Cleveland-Cliffs, Inc. (A)	24,000		439,920
Coeur Mining, Inc. (A)	15,352		61,254
Commercial Metals Company	6,658		325,576
Ferroglobe PLC (A)(B)	5,300		0
Friedman Industries, Inc.	1,511		17,135
Gold Resource Corp.	6,900		7,245
Haynes International, Inc.	1,127		56,451
Hecla Mining Company	38,096		241,148
Materion Corp.	1,721		199,636
Nexa Resources SA	900		5,652
Olympic Steel, Inc.	1,438		75,078
Reliance Steel & Aluminum Company	2,853		732,479
Ryerson Holding Corp.	2,583		93,970
Schnitzer Steel Industries, Inc., Class A	3,077		95,695
SunCoke Energy, Inc.	6,433		57,768
TimkenSteel Corp. (A)	3,682		67,528
Tredegar Corp.	1,654		15,101
U.S. Steel Corp.	9,079		236,962
Universal Stainless & Alloy Products, Inc. (A)	1,562		14,605
Warrior Met Coal, Inc.	3,785		138,947
Worthington Industries, Inc.	2,898		187,356
			4,096,747
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	1,597		53,372
Glatfelter Corp.	4,610		14,706

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Paper and forest products (continued)
Mercer International, Inc.	7,458	$	72,902
Resolute Forest Products, Inc. (A)(B)	7,541		10,708
			151,688
			10,319,956
Real estate – 1.6%
Hotel and resort REITs – 0.4%
Ryman Hospitality Properties, Inc.	6,587		591,052
Industrial REITs – 0.4%
STAG Industrial, Inc.	18,122		612,886
Real estate management and development – 0.8%
Anywhere Real Estate, Inc. (A)	9,125		48,180
Cushman & Wakefield PLC (A)	12,036		126,859
Douglas Elliman, Inc.	5,923		18,421
Five Point Holdings LLC, Class A (A)	2,659		6,275
Forestar Group, Inc. (A)	2,613		40,658
FRP Holdings, Inc. (A)	931		53,886
Jones Lang LaSalle, Inc. (A)	2,358		343,065
Kennedy-Wilson Holdings, Inc.	5,587		92,688
Marcus & Millichap, Inc.	1,738		55,807
Newmark Group, Inc., Class A	7,419		52,527
Rafael Holdings, Inc., Class B (A)	500		775
RE/MAX Holdings, Inc., Class A	2,193		41,141
Stratus Properties, Inc.	1,025		20,500
Tejon Ranch Company (A)	2,396		43,775
The Howard Hughes Corp. (A)	3,339		267,120
			1,211,677
			2,415,615
Utilities – 0.4%
Electric utilities – 0.1%
Genie Energy, Ltd., B Shares	1,000		13,820
NRG Energy, Inc.	4,504		154,442
			168,262
Gas utilities – 0.1%
New Jersey Resources Corp.	3,121		166,037
Independent power and renewable electricity producers – 0.2%
Ormat Technologies, Inc.	1,218		103,250
Sunnova Energy International, Inc. (A)	2,399		37,472
Vistra Corp.	3,576		85,824
			226,546
			560,845
TOTAL COMMON STOCKS (Cost $136,767,175)		$	152,754,710
PREFERRED SECURITIES – 0.0%
Industrials – 0.0%
Trading companies and distributors – 0.0%
WESCO International, Inc., 10.625% (10.625% to 6-22-25, then 5 Year CMT + 10.325%)	1,507		40,855
TOTAL PREFERRED SECURITIES (Cost $37,663)		$	40,855
SHORT-TERM INVESTMENTS – 1.2%
Short-term funds – 1.2%
John Hancock Collateral Trust, 4.9438% (D)(E)	62,160		621,411

 

224

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Short-term funds (continued)
State Street Institutional Treasury Money Market Fund, Premier Class, 4.5189% (D)	848,032	$	848,032
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (D)	426,981		426,981
TOTAL SHORT-TERM INVESTMENTS (Cost $1,896,430)		$	1,896,424
Total Investments (Small Cap Opportunities Trust) (Cost $138,701,268) – 100.5%		$	154,691,989
Other assets and liabilities, net – (0.5%)			(792,337)
TOTAL NET ASSETS – 100.0%		$	153,899,652

Security Abbreviations and Legend
CMT	Constant Maturity Treasury
(A)	Non-income producing security.
(B)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $606,965.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Small Cap Stock Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.4%
Communication services – 3.5%
Interactive media and services – 2.5%
CarGurus, Inc. (A)	84,608	$	1,580,477
Eventbrite, Inc., Class A (A)	187,193		1,606,116
Ziff Davis, Inc. (A)	39,252		3,063,619
			6,250,212
Media – 1.0%
Criteo SA, ADR (A)	81,970		2,582,465
			8,832,677
Consumer discretionary – 12.8%
Automobile components – 1.2%
Visteon Corp. (A)	18,838		2,954,364
Diversified consumer services – 1.7%
European Wax Center, Inc., Class A (B)	95,452		1,813,588
H&R Block, Inc.	69,125		2,436,656
			4,250,244
Hotels, restaurants and leisure – 5.2%
Boyd Gaming Corp.	54,911		3,520,893
Texas Roadhouse, Inc.	35,448		3,830,511
Wingstop, Inc.	32,218		5,914,580
			13,265,984
Household durables – 1.7%
Skyline Champion Corp. (A)	57,307		4,311,206
Leisure products – 0.8%
YETI Holdings, Inc. (A)	53,926		2,157,040
Textiles, apparel and luxury goods – 2.2%
Crocs, Inc. (A)	44,795		5,663,880
			32,602,718

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples – 3.6%
Beverages – 1.3%
Celsius Holdings, Inc. (A)	36,905	$	3,429,951
Food products – 0.9%
The Simply Good Foods Company (A)	54,287		2,158,994
Personal care products – 1.4%
e.l.f. Beauty, Inc. (A)	44,319		3,649,670
			9,238,615
Energy – 5.5%
Energy equipment and services – 1.3%
Cactus, Inc., Class A	79,461		3,276,177
Oil, gas and consumable fuels – 4.2%
Chord Energy Corp.	31,848		4,286,741
Sitio Royalties Corp., Class A	118,654		2,681,580
Viper Energy Partners LP	137,844		3,859,632
			10,827,953
			14,104,130
Financials – 2.7%
Banks – 0.8%
Cadence Bank	95,889		1,990,656
Capital markets – 0.9%
PJT Partners, Inc., Class A	33,731		2,435,041
Mortgage real estate investment trusts – 1.0%
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	87,852		2,512,567
			6,938,264
Health care – 21.7%
Biotechnology – 9.7%
Adicet Bio, Inc. (A)	43,143		248,504
Akero Therapeutics, Inc. (A)	24,156		924,209
Amicus Therapeutics, Inc. (A)	107,934		1,196,988
Apellis Pharmaceuticals, Inc. (A)	20,200		1,332,392
Ascendis Pharma A/S, ADR (A)	6,327		678,381
Bioxcel Therapeutics, Inc. (A)(B)	26,337		491,448
Blueprint Medicines Corp. (A)	29,190		1,313,258
Celldex Therapeutics, Inc. (A)	28,983		1,042,808
Crinetics Pharmaceuticals, Inc. (A)	56,361		905,158
Cytokinetics, Inc. (A)	53,706		1,889,914
Immatics NV (A)(B)	101,839		702,689
Immunocore Holdings PLC, ADR (A)	22,945		1,134,401
Intellia Therapeutics, Inc. (A)	34,379		1,281,305
Karuna Therapeutics, Inc. (A)	13,326		2,420,535
Kymera Therapeutics, Inc. (A)	26,811		794,410
Merus NV (A)(B)	49,371		908,426
Prothena Corp. PLC (A)	23,237		1,126,297
PTC Therapeutics, Inc. (A)	45,684		2,212,933
REVOLUTION Medicines, Inc. (A)	50,600		1,095,996
Rocket Pharmaceuticals, Inc. (A)	53,076		909,192
Syndax Pharmaceuticals, Inc. (A)	44,872		947,697
Vaxcyte, Inc. (A)	32,660		1,224,097
			24,781,038
Health care equipment and supplies – 6.8%
Glaukos Corp. (A)	67,700		3,391,770
Haemonetics Corp. (A)	47,170		3,903,318
Inari Medical, Inc. (A)	45,151		2,787,623
Inspire Medical Systems, Inc. (A)	20,030		4,688,422
Shockwave Medical, Inc. (A)	12,115		2,626,895
			17,398,028
Health care providers and services – 3.1%
Acadia Healthcare Company, Inc. (A)	43,954		3,175,677
Cross Country Healthcare, Inc. (A)	115,765		2,583,875

 

225

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
HealthEquity, Inc. (A)	35,896	$	2,107,454
			7,867,006
Pharmaceuticals – 2.1%
Aclaris Therapeutics, Inc. (A)	73,692		596,168
Intra-Cellular Therapies, Inc. (A)	40,258		2,179,971
Revance Therapeutics, Inc. (A)	40,101		1,291,653
Verona Pharma PLC, ADR (A)	69,622		1,398,010
			5,465,802
			55,511,874
Industrials – 25.5%
Aerospace and defense – 1.4%
Curtiss-Wright Corp.	20,477		3,609,276
Building products – 2.5%
The AZEK Company, Inc. (A)	143,120		3,369,045
Zurn Elkay Water Solutions Corp.	143,043		3,055,398
			6,424,443
Commercial services and supplies – 1.4%
Aris Water Solutions, Inc., Class A (B)	90,180		702,502
Casella Waste Systems, Inc., Class A (A)	34,571		2,857,639
			3,560,141
Construction and engineering – 6.1%
Ameresco, Inc., Class A (A)	50,781		2,499,441
Comfort Systems USA, Inc.	29,743		4,341,288
Fluor Corp. (A)	177,366		5,482,383
WillScot Mobile Mini Holdings Corp. (A)	73,581		3,449,477
			15,772,589
Electrical equipment – 2.8%
Acuity Brands, Inc.	23,566		4,306,215
Shoals Technologies Group, Inc., Class A (A)	123,324		2,810,554
			7,116,769
Machinery – 1.0%
The Middleby Corp. (A)	16,954		2,485,626
Professional services – 5.1%
EXL Service Holdings, Inc. (A)	26,277		4,252,407
TriNet Group, Inc. (A)	34,637		2,792,089
Verra Mobility Corp. (A)	353,252		5,977,024
			13,021,520
Trading companies and distributors – 5.2%
Applied Industrial Technologies, Inc.	44,558		6,333,029
Rush Enterprises, Inc., Class A	43,864		2,394,974
WESCO International, Inc.	29,540		4,565,112
			13,293,115
			65,283,479
Information technology – 15.9%
Communications equipment – 1.3%
Calix, Inc. (A)	62,593		3,354,359
Electronic equipment, instruments and components – 1.4%
Novanta, Inc. (A)	21,907		3,485,185
IT services – 0.5%
Perficient, Inc. (A)	18,540		1,338,403
Semiconductors and semiconductor equipment – 4.5%
Lattice Semiconductor Corp. (A)	21,792		2,081,136
MKS Instruments, Inc.	10,500		930,510
SiTime Corp. (A)	27,378		3,893,973

Small Cap Stock Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Synaptics, Inc. (A)		40,334	$	4,483,121
				11,388,740
Software – 8.2%
Clearwater Analytics Holdings, Inc., Class A (A)		87,124		1,390,499
CyberArk Software, Ltd. (A)		17,738		2,624,869
DoubleVerify Holdings, Inc. (A)		122,560		3,695,184
Five9, Inc. (A)		27,456		1,984,794
Jamf Holding Corp. (A)		160,666		3,120,134
Manhattan Associates, Inc. (A)		24,857		3,849,106
PowerSchool Holdings, Inc., Class A (A)		159,937		3,169,951
RingCentral, Inc., Class A (A)		39,562		1,213,367
				21,047,904
				40,614,591
Materials – 3.4%
Chemicals – 3.4%
Cabot Corp.		71,506		5,480,220
Livent Corp. (A)		147,447		3,202,549
				8,682,769
Real estate – 2.8%
Hotel and resort REITs – 1.5%
Ryman Hospitality Properties, Inc.		44,373		3,981,589
Retail REITs – 1.3%
Phillips Edison & Company, Inc.		99,707		3,252,442
				7,234,031
TOTAL COMMON STOCKS (Cost $243,919,883)			$	249,043,148
EXCHANGE-TRADED FUNDS – 1.4%
iShares Russell 2000 Growth ETF (B)		15,800		3,583,756
TOTAL EXCHANGE-TRADED FUNDS (Cost $3,473,218)			$	3,583,756
SHORT-TERM INVESTMENTS – 3.0%
Short-term funds – 2.1%
John Hancock Collateral Trust, 4.9438% (C)(D)		535,776		5,356,102
Repurchase agreement – 0.9%
Societe Generale SA Tri-Party Repurchase Agreement dated 3-31-23 at 4.800% to be repurchased at $2,300,920 on 4-3-23, collateralized by $3,142,100 U.S. Treasury Bonds, 2.250% due 8-15-46 (valued at $2,346,073)	$	2,300,000		2,300,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,656,186)			$	7,656,102
Total Investments (Small Cap Stock Trust) (Cost $255,049,287) – 101.8%			$	260,283,006
Other assets and liabilities, net – (1.8%)				(4,700,348)
TOTAL NET ASSETS – 100.0%			$	255,582,658

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 3-31-23. The value of securities on loan amounted to $5,230,647.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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.

 

226

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.1%
Communication services – 3.1%
Interactive media and services – 2.5%
Shutterstock, Inc.	67,862	$	4,926,781
Ziff Davis, Inc. (A)	77,562		6,053,714
			10,980,495
Media – 0.6%
WideOpenWest, Inc. (A)	258,689		2,749,864
			13,730,359
Consumer discretionary – 9.6%
Automobile components – 1.1%
Visteon Corp. (A)	31,207		4,894,194
Hotels, restaurants and leisure – 1.0%
Aramark	22,437		803,245
Wyndham Hotels & Resorts, Inc.	55,599		3,772,392
			4,575,637
Household durables – 4.1%
Century Communities, Inc.	106,832		6,828,701
Sonos, Inc. (A)	201,425		3,951,959
Tri Pointe Homes, Inc. (A)	295,393		7,479,351
			18,260,011
Specialty retail – 1.7%
Five Below, Inc. (A)	3,270		673,522
Monro, Inc.	138,639		6,852,926
			7,526,448
Textiles, apparel and luxury goods – 1.7%
Deckers Outdoor Corp. (A)	1,170		525,974
Kontoor Brands, Inc.	141,160		6,830,732
			7,356,706
			42,612,996
Consumer staples – 4.5%
Beverages – 0.8%
C&C Group PLC (A)	1,752,787		3,406,567
Consumer staples distribution and retail – 1.0%
United Natural Foods, Inc. (A)	164,491		4,334,338
Food products – 1.6%
Cranswick PLC	95,105		3,540,090
Post Holdings, Inc. (A)	42,840		3,850,031
			7,390,121
Household products – 1.1%
Spectrum Brands Holdings, Inc.	72,104		4,774,727
			19,905,753
Energy – 2.5%
Oil, gas and consumable fuels – 2.5%
Chord Energy Corp.	45,135		6,075,171
Sitio Royalties Corp., Class A (B)	228,622		5,166,857
			11,242,028
Financials – 23.2%
Banks – 13.6%
1st Source Corp.	107,261		4,628,312
Banc of California, Inc.	322,772		4,044,333
Berkshire Hills Bancorp, Inc.	160,499		4,022,105
Cadence Bank	242,729		5,039,054
Eastern Bankshares, Inc.	358,319		4,521,986
Enterprise Financial Services Corp.	69,803		3,112,516
First Busey Corp.	236,066		4,801,582
First Citizens BancShares, Inc., Class A	793		771,668
First Interstate BancSystem, Inc., Class A	145,332		4,339,614
Flushing Financial Corp.	90,950		1,354,246
Hancock Whitney Corp.	132,989		4,840,800

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
International Bancshares Corp.	97,165	$	4,160,605
National Bank Holdings Corp., Class A	139,144		4,655,758
Seacoast Banking Corp. of Florida	201,993		4,787,234
Synovus Financial Corp.	173,618		5,352,643
Webster Financial Corp.	9,664		380,955
			60,813,411
Capital markets – 0.9%
Houlihan Lokey, Inc.	45,867		4,012,904
Consumer finance – 1.0%
Bread Financial Holdings, Inc.	142,159		4,310,261
Financial services – 1.2%
NMI Holdings, Inc., Class A (A)	234,738		5,241,700
Insurance – 6.5%
Assured Guaranty, Ltd.	95,710		4,811,342
Kemper Corp.	133,663		7,306,020
ProAssurance Corp.	360,830		6,668,138
Reinsurance Group of America, Inc.	5,635		748,103
SiriusPoint, Ltd. (A)	529,782		4,307,128
White Mountains Insurance Group, Ltd.	3,806		5,242,727
			29,083,458
			103,461,734
Health care – 4.7%
Health care equipment and supplies – 3.8%
Haemonetics Corp. (A)	56,025		4,636,069
ICU Medical, Inc. (A)	36,843		6,077,621
Integra LifeSciences Holdings Corp. (A)	105,611		6,063,128
			16,776,818
Life sciences tools and services – 0.9%
Syneos Health, Inc. (A)	111,954		3,987,801
			20,764,619
Industrials – 19.8%
Aerospace and defense – 0.9%
Leonardo DRS, Inc. (A)	292,029		3,787,616
Building products – 1.2%
American Woodmark Corp. (A)	90,420		4,708,169
Fortune Brands Innovations, Inc.	6,729		395,194
			5,103,363
Commercial services and supplies – 5.2%
ACCO Brands Corp.	703,415		3,742,168
Brady Corp., Class A	53,071		2,851,505
BrightView Holdings, Inc. (A)	431,316		2,423,996
Clean Harbors, Inc. (A)	3,275		466,884
SP Plus Corp. (A)	222,985		7,646,156
UniFirst Corp.	33,580		5,917,803
			23,048,512
Electrical equipment – 0.6%
Thermon Group Holdings, Inc. (A)	111,632		2,781,869
Machinery – 2.7%
Crane Holdings Company	17,700		2,008,950
John Bean Technologies Corp.	44,598		4,874,115
Luxfer Holdings PLC	311,181		5,258,959
			12,142,024
Professional services – 6.3%
Concentrix Corp.	4,803		583,805
Huron Consulting Group, Inc. (A)	85,858		6,900,407
ICF International, Inc.	47,721		5,234,994
Science Applications International Corp.	61,769		6,637,697
Sterling Check Corp. (A)	260,336		2,902,746

 

227

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
WNS Holdings, Ltd., ADR (A)	62,881	$	5,858,623
			28,118,272
Trading companies and distributors – 2.9%
Air Lease Corp.	170,355		6,706,876
GATX Corp.	56,692		6,237,254
			12,944,130
			87,925,786
Information technology – 10.2%
Electronic equipment, instruments and components – 4.7%
Belden, Inc.	79,301		6,880,948
CTS Corp.	106,745		5,279,608
ePlus, Inc. (A)	109,274		5,358,797
National Instruments Corp.	66,552		3,487,990
			21,007,343
IT services – 1.1%
Perficient, Inc. (A)	65,659		4,739,923
Semiconductors and semiconductor equipment – 0.9%
Onto Innovation, Inc. (A)	45,840		4,028,419
Software – 3.5%
ACI Worldwide, Inc. (A)	245,610		6,626,558
Progress Software Corp.	158,101		9,082,902
			15,709,460
			45,485,145
Materials – 8.2%
Chemicals – 5.9%
Axalta Coating Systems, Ltd. (A)	194,046		5,877,653
Element Solutions, Inc.	449,136		8,672,816
HB Fuller Company	74,538		5,102,126
Mativ Holdings, Inc.	272,941		5,860,043
Orion Engineered Carbons SA	33,910		884,712
			26,397,350
Containers and packaging – 2.3%
Sealed Air Corp.	15,142		695,169
TriMas Corp.	341,047		9,501,568
			10,196,737
			36,594,087
Real estate – 9.3%
Diversified REITs – 0.9%
Alexander & Baldwin, Inc.	222,974		4,216,438
Hotel and resort REITs – 1.2%
Pebblebrook Hotel Trust	375,329		5,269,619
Industrial REITs – 0.9%
LXP Industrial Trust	383,132		3,950,091
Residential REITs – 2.3%
Centerspace	81,747		4,465,839
Independence Realty Trust, Inc.	355,121		5,692,590
			10,158,429
Retail REITs – 2.7%
Kimco Realty Corp.	22,104		431,691
Phillips Edison & Company, Inc.	166,042		5,416,290
RPT Realty	650,686		6,188,024
			12,036,005
Specialized REITs – 1.3%
PotlatchDeltic Corp.	116,845		5,783,828
			41,414,410

Small Cap Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Utilities – 3.0%
Electric utilities – 1.0%
Portland General Electric Company		94,064	$	4,598,789
Gas utilities – 2.0%
New Jersey Resources Corp.		88,953		4,732,300
ONE Gas, Inc.		47,229		3,741,954
UGI Corp.		8,532		296,572
				8,770,826
				13,369,615
TOTAL COMMON STOCKS (Cost $421,959,976)			$	436,506,532
SHORT-TERM INVESTMENTS – 2.2%
Short-term funds – 0.6%
John Hancock Collateral Trust, 4.9438% (C)(D)		254,454		2,543,750
Repurchase agreement – 1.6%
Bank of America Tri-Party Repurchase Agreement dated 3-31-23 at 4.810% to be repurchased at $7,302,926 on 4-3-23, collateralized by $7,889,800 U.S. Treasury Notes, 0.375% due 9-15-24 (valued at $7,446,023)	$	7,300,000		7,300,000
TOTAL SHORT-TERM INVESTMENTS (Cost $9,843,800)			$	9,843,750
Total Investments (Small Cap Value Trust) (Cost $431,803,776) – 100.3%			$	446,350,282
Other assets and liabilities, net – (0.3%)				(1,327,263)
TOTAL NET ASSETS – 100.0%			$	445,023,019

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 3-31-23. The value of securities on loan amounted to $2,486,288.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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 – 97.4%
Communication services – 0.8%
Media – 0.8%
Advantage Solutions, Inc. (A)	80,296	$	126,868
Boston Omaha Corp., Class A (A)	23,218		549,570
The New York Times Company, Class A	9,700		377,136
			1,053,574
Consumer discretionary – 10.2%
Automobile components – 1.7%
Dorman Products, Inc. (A)	9,094		784,448
LCI Industries	5,866		644,497
Visteon Corp. (A)	4,542		712,322
			2,141,267
Distributors – 0.2%
Pool Corp.	824		282,171
Diversified consumer services – 1.3%
Strategic Education, Inc.	18,908		1,698,506
Hotels, restaurants and leisure – 1.8%
BJ's Restaurants, Inc. (A)	17,083		497,799

 

228

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Marriott Vacations Worldwide Corp.	5,788	$	780,570
Papa John's International, Inc.	12,900		966,597
			2,244,966
Household durables – 1.2%
Cavco Industries, Inc. (A)	1,162		369,214
Meritage Homes Corp.	9,618		1,122,998
			1,492,212
Leisure products – 0.1%
Peloton Interactive, Inc., Class A (A)	17,000		192,780
Specialty retail – 3.1%
Academy Sports & Outdoors, Inc.	10,400		678,600
Asbury Automotive Group, Inc. (A)	4,000		840,000
Farfetch, Ltd., Class A (A)(B)	51,021		250,513
Floor & Decor Holdings, Inc., Class A (A)	2,900		284,838
Hibbett, Inc.	6,297		371,397
Monro, Inc.	18,268		902,987
Petco Health & Wellness Company, Inc. (A)	40,090		360,810
The Children's Place, Inc. (A)	6,800		273,700
			3,962,845
Textiles, apparel and luxury goods – 0.8%
Steven Madden, Ltd.	27,544		991,584
			13,006,331
Consumer staples – 2.9%
Beverages – 0.8%
Coca-Cola Consolidated, Inc.	1,896		1,014,512
Consumer staples distribution and retail – 0.1%
Sprouts Farmers Market, Inc. (A)	3,700		129,611
Food products – 2.0%
Nomad Foods, Ltd. (A)	64,940		1,216,976
Post Holdings, Inc. (A)	7,446		669,172
The Simply Good Foods Company (A)	16,415		652,825
			2,538,973
			3,683,096
Energy – 6.1%
Energy equipment and services – 3.3%
Cactus, Inc., Class A	26,256		1,082,535
ChampionX Corp.	53,646		1,455,416
Enerflex, Ltd.	90,424		538,927
Expro Group Holdings NV (A)	26,086		478,939
Liberty Energy, Inc.	52,068		666,991
			4,222,808
Oil, gas and consumable fuels – 2.8%
International Seaways, Inc.	5,496		229,073
Magnolia Oil & Gas Corp., Class A	63,396		1,387,104
Matador Resources Company	36,079		1,719,164
Range Resources Corp.	8,200		217,054
			3,552,395
			7,775,203
Financials – 25.0%
Banks – 14.1%
BankUnited, Inc.	45,091		1,018,155
Columbia Banking System, Inc.	47,710		1,021,948
CrossFirst Bankshares, Inc. (A)	40,210		421,401
Eastern Bankshares, Inc.	68,020		858,412
FB Financial Corp.	32,092		997,419
HarborOne Bancorp, Inc.	46,891		572,070
Home BancShares, Inc.	65,220		1,415,926
Independent Bank Corp. (Massachusetts)	6,627		434,864
Live Oak Bancshares, Inc.	32,317		787,565

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
National Bank Holdings Corp., Class A	31,466	$	1,052,852
Origin Bancorp, Inc.	20,720		666,148
Pinnacle Financial Partners, Inc.	25,314		1,396,320
Popular, Inc.	20,262		1,163,241
Sandy Spring Bancorp, Inc.	14,800		384,504
Southern First Bancshares, Inc. (A)	14,765		453,286
SouthState Corp.	17,900		1,275,554
Texas Capital Bancshares, Inc. (A)	17,077		836,090
Towne Bank	34,864		929,126
Veritex Holdings, Inc.	19,856		362,571
Webster Financial Corp.	15,767		621,535
Western Alliance Bancorp	11,168		396,911
WSFS Financial Corp.	25,839		971,805
			18,037,703
Capital markets – 2.1%
Hercules Capital, Inc. (B)	26,248		338,337
Houlihan Lokey, Inc.	13,557		1,186,102
StepStone Group, Inc., Class A	10,211		247,821
Virtus Investment Partners, Inc.	4,674		889,883
			2,662,143
Consumer finance – 1.4%
Green Dot Corp., Class A (A)	33,143		569,397
NerdWallet, Inc., Class A (A)(B)	20,915		338,405
PRA Group, Inc. (A)	11,306		440,482
PROG Holdings, Inc. (A)	19,709		468,877
			1,817,161
Financial services – 3.3%
Payoneer Global, Inc. (A)	73,114		459,156
PennyMac Financial Services, Inc.	25,146		1,498,953
Radian Group, Inc.	58,690		1,297,049
Voya Financial, Inc.	2,900		207,234
Walker & Dunlop, Inc.	10,386		791,102
			4,253,494
Insurance – 2.8%
BRP Group, Inc., Class A (A)	35,668		908,107
James River Group Holdings, Ltd.	31,681		654,213
Palomar Holdings, Inc. (A)	11,211		618,847
ProAssurance Corp.	26,290		485,839
Ryan Specialty Holdings, Inc. (A)	17,837		717,761
Skyward Specialty Insurance Group, Inc. (A)	8,856		193,681
			3,578,448
Mortgage real estate investment trusts – 1.3%
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (B)	33,795		966,537
PennyMac Mortgage Investment Trust	49,600		611,568
			1,578,105
			31,927,054
Health care – 11.0%
Biotechnology – 4.3%
Apellis Pharmaceuticals, Inc. (A)	8,603		567,454
Ascendis Pharma A/S, ADR (A)	5,300		568,266
Blueprint Medicines Corp. (A)	8,655		389,388
CRISPR Therapeutics AG (A)	5,900		266,857
Icosavax, Inc. (A)(B)	22,952		133,122
Insmed, Inc. (A)	31,787		541,968
Ionis Pharmaceuticals, Inc. (A)	14,869		531,418
Karuna Therapeutics, Inc. (A)	3,398		617,213
Kymera Therapeutics, Inc. (A)	14,898		441,428
MacroGenics, Inc. (A)	28,651		205,428
Nkarta, Inc. (A)	27,412		97,313
Syndax Pharmaceuticals, Inc. (A)	13,100		276,672

 

229

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Verve Therapeutics, Inc. (A)	8,800	$	126,896
Xencor, Inc. (A)	19,528		544,636
Zentalis Pharmaceuticals, Inc. (A)	11,583		199,228
			5,507,287
Health care equipment and supplies – 2.7%
Atrion Corp.	1,129		708,910
Avanos Medical, Inc. (A)	10,900		324,166
Embecta Corp.	21,186		595,750
Figs, Inc., Class A (A)	66,833		413,696
Lantheus Holdings, Inc. (A)	5,624		464,317
QuidelOrtho Corp. (A)	10,875		968,854
			3,475,693
Health care providers and services – 3.1%
Agiliti, Inc. (A)	34,795		556,024
Alignment Healthcare, Inc. (A)	42,700		271,572
Option Care Health, Inc. (A)	14,223		451,865
Select Medical Holdings Corp.	58,498		1,512,173
The Ensign Group, Inc.	9,369		895,114
The Pennant Group, Inc. (A)	20,343		290,498
			3,977,246
Health care technology – 0.8%
MultiPlan Corp. (A)	214,497		227,367
Phreesia, Inc. (A)	25,059		809,155
			1,036,522
Pharmaceuticals – 0.1%
Structure Therapeutics, Inc., ADR (A)	2,025		48,175
			14,044,923
Industrials – 14.2%
Aerospace and defense – 1.2%
Parsons Corp. (A)	13,828		618,665
Triumph Group, Inc. (A)	76,972		892,105
			1,510,770
Building products – 2.0%
JELD-WEN Holding, Inc. (A)	20,710		262,189
UFP Industries, Inc.	24,672		1,960,684
Zurn Elkay Water Solutions Corp.	18,100		386,616
			2,609,489
Commercial services and supplies – 1.6%
Aris Water Solutions, Inc., Class A	33,537		261,253
Brady Corp., Class A	17,095		918,514
MSA Safety, Inc.	4,082		544,947
UniFirst Corp.	2,100		370,083
			2,094,797
Construction and engineering – 0.6%
Valmont Industries, Inc.	2,262		722,211
Ground transportation – 0.9%
Landstar System, Inc.	6,761		1,211,977
Machinery – 4.8%
Alamo Group, Inc.	3,702		681,760
CIRCOR International, Inc. (A)	15,992		497,671
Enerpac Tool Group Corp.	5,552		141,576
Esab Corp.	11,301		667,550
ESCO Technologies, Inc.	10,940		1,044,223
Helios Technologies, Inc.	16,851		1,102,055
RBC Bearings, Inc. (A)	3,085		717,972
SPX Technologies, Inc. (A)	14,311		1,010,070

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
The Shyft Group, Inc.	14,400	$	327,600
			6,190,477
Passenger airlines – 0.6%
Allegiant Travel Company (A)	7,955		731,701
Professional services – 0.7%
Conduent, Inc. (A)	77,607		266,192
FTI Consulting, Inc. (A)	2,899		572,118
			838,310
Trading companies and distributors – 1.8%
Beacon Roofing Supply, Inc. (A)	17,801		1,047,589
Herc Holdings, Inc.	3,300		375,870
McGrath RentCorp	8,951		835,218
			2,258,677
			18,168,409
Information technology – 6.4%
Electronic equipment, instruments and components – 3.6%
Belden, Inc.	14,321		1,242,633
Knowles Corp. (A)	24,776		421,192
Littelfuse, Inc.	5,988		1,605,323
Mirion Technologies, Inc. (A)	44,798		382,575
Vontier Corp.	35,701		976,065
			4,627,788
Semiconductors and semiconductor equipment – 1.3%
Entegris, Inc.	2,662		218,311
Lattice Semiconductor Corp. (A)	5,886		562,113
MACOM Technology Solutions Holdings, Inc. (A)	2,100		148,764
MaxLinear, Inc. (A)	6,414		225,837
Onto Innovation, Inc. (A)	5,643		495,907
			1,650,932
Software – 1.5%
DoubleVerify Holdings, Inc. (A)	15,900		479,385
nCino, Inc. (A)	14,629		362,507
Paycor HCM, Inc. (A)	25,521		676,817
Workiva, Inc. (A)	3,310		338,977
			1,857,686
			8,136,406
Materials – 5.1%
Chemicals – 2.0%
Element Solutions, Inc.	45,471		878,045
Orion Engineered Carbons SA	29,891		779,856
Quaker Chemical Corp.	4,452		881,273
			2,539,174
Containers and packaging – 0.5%
Myers Industries, Inc.	27,997		599,976
Metals and mining – 2.1%
Carpenter Technology Corp.	11,865		531,077
Constellium SE (A)	62,672		957,628
Reliance Steel & Aluminum Company	4,586		1,177,410
			2,666,115
Paper and forest products – 0.5%
Clearwater Paper Corp. (A)	19,687		657,940
			6,463,205
Real estate – 10.1%
Diversified REITs – 1.0%
Essential Properties Realty Trust, Inc.	30,525		758,546

 

230

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Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified REITs (continued)
Safehold, Inc.	19,990	$	587,106
			1,345,652
Hotel and resort REITs – 1.0%
Apple Hospitality REIT, Inc.	79,503		1,233,887
Industrial REITs – 2.1%
EastGroup Properties, Inc.	6,713		1,109,793
Terreno Realty Corp.	24,203		1,563,514
			2,673,307
Office REITs – 0.6%
JBG SMITH Properties	49,255		741,780
Real estate management and development – 2.2%
FirstService Corp.	5,230		737,378
Opendoor Technologies, Inc. (A)	96,000		168,960
The St. Joe Company	29,338		1,220,754
Tricon Residential, Inc.	91,888		712,132
			2,839,224
Residential REITs – 0.8%
Elme Communities	21,476		383,561
Independence Realty Trust, Inc.	21,400		343,042
NexPoint Residential Trust, Inc.	7,684		335,560
			1,062,163
Retail REITs – 0.9%
NETSTREIT Corp.	12,600		230,328
Saul Centers, Inc.	22,146		863,694
			1,094,022
Specialized REITs – 1.5%
CubeSmart	20,500		947,510
PotlatchDeltic Corp.	20,608		1,020,096
			1,967,606
			12,957,641
Utilities – 5.6%
Electric utilities – 3.1%
IDACORP, Inc.	19,801		2,145,041
MGE Energy, Inc.	23,053		1,790,527
			3,935,568
Gas utilities – 1.1%
Chesapeake Utilities Corp.	4,975		636,750
ONE Gas, Inc.	10,245		811,711
			1,448,461
Multi-utilities – 0.7%
NorthWestern Corp.	15,319		886,357
Water utilities – 0.7%
California Water Service Group	14,728		857,170
			7,127,556
TOTAL COMMON STOCKS (Cost $110,443,920)		$	124,343,398
WARRANTS – 0.0%
Advantage Solutions, Inc. (Expiration Date: 10-28-25; Strike Price: $11.50) (A)	4,703		517
TOTAL WARRANTS (Cost $6,099)		$	517
SHORT-TERM INVESTMENTS – 4.2%
Short-term funds – 4.2%
John Hancock Collateral Trust, 4.9438% (C)(D)	200,288		2,002,263

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Short-term funds (continued)
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.6799% (C)	502,495	$	502,495
T. Rowe Price Government Reserve Fund, 4.8116% (C)	2,787,161		2,787,161
TOTAL SHORT-TERM INVESTMENTS (Cost $5,291,966)		$	5,291,919
Total Investments (Small Company Value Trust) (Cost $115,741,985) – 101.6%		$	129,635,834
Other assets and liabilities, net – (1.6%)			(1,995,399)
TOTAL NET ASSETS – 100.0%		$	127,640,435

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 3-31-23. The value of securities on loan amounted to $1,959,809.
(C)	The rate shown is the annualized seven-day yield as of 3-31-23.
(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 – 95.9%
Communication services – 6.0%
Diversified telecommunication services – 1.2%
Anterix, Inc. (A)	3,031	$	100,144
AT&T, Inc.	783,713		15,086,475
ATN International, Inc.	1,770		72,428
Bandwidth, Inc., Class A (A)	4,076		61,955
Bezeq The Israeli Telecommunication Corp., Ltd.	302,649		412,038
BT Group PLC	1,014,254		1,827,002
Cellnex Telecom SA (A)(B)	82,465		3,206,868
Charge Enterprises, Inc. (A)	21,648		23,813
Cogent Communications Holdings, Inc.	6,846		436,227
Consolidated Communications Holdings, Inc. (A)	12,422		32,049
Deutsche Telekom AG	472,922		11,459,985
EchoStar Corp., Class A (A)	5,685		103,979
Elisa OYJ	20,753		1,251,642
Frontier Communications Parent, Inc. (A)	48,859		1,112,519
Globalstar, Inc. (A)	109,972		127,568
HKT Trust & HKT, Ltd.	553,421		734,654
IDT Corp., Class B (A)	2,446		83,360
Infrastrutture Wireless Italiane SpA (B)	49,035		644,237
Iridium Communications, Inc.	47,639		2,950,283
Koninklijke KPN NV	481,986		1,703,130
Liberty Latin America, Ltd., Class A (A)	9,892		82,203
Liberty Latin America, Ltd., Class C (A)	20,978		173,278
Nippon Telegraph & Telephone Corp.	174,416		5,212,024
Ooma, Inc. (A)	3,800		47,538
Orange SA	291,096		3,458,271
Radius Global Infrastructure, Inc., Class A (A)	12,515		183,595
Singapore Telecommunications, Ltd.	1,000,604		1,853,990
Singapore Telecommunications, Ltd.	258,829		481,137
Spark New Zealand, Ltd.	273,313		865,910
Swisscom AG	3,779		2,411,651
Telecom Italia SpA (A)	1,453,872		479,463
Telefonica Deutschland Holding AG	151,906		467,604

 

231

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Telefonica SA	758,397	$	3,266,274
Telenor ASA	102,097		1,197,104
Telia Company AB (C)	387,868		984,898
Telstra Corp., Ltd.	590,071		1,670,728
United Internet AG	14,153		243,970
Verizon Communications, Inc.	461,770		17,958,235
			82,468,229
Entertainment – 1.1%
Activision Blizzard, Inc.	78,304		6,702,039
Bollore SE	129,147		798,340
Capcom Company, Ltd.	25,300		905,502
Cinemark Holdings, Inc. (A)	17,576		259,949
Electronic Arts, Inc.	28,643		3,450,049
Embracer Group AB (A)(C)	95,656		448,373
IMAX Corp. (A)	7,703		147,744
Koei Tecmo Holdings Company, Ltd.	17,200		310,863
Konami Group Corp.	13,609		624,621
Liberty Media Corp.-Liberty Braves, Class A (A)	2,122		73,379
Liberty Media Corp.-Liberty Braves, Class C (A)	5,685		191,528
Lions Gate Entertainment Corp., Class A (A)	9,789		108,364
Lions Gate Entertainment Corp., Class B (A)	18,445		191,459
Live Nation Entertainment, Inc. (A)	15,674		1,097,180
Madison Square Garden Entertainment Corp. (A)	4,169		246,263
Netflix, Inc. (A)	48,965		16,916,428
Nexon Company, Ltd.	69,506		1,659,718
Nintendo Company, Ltd.	161,090		6,256,988
Playstudios, Inc. (A)	12,916		47,660
Sea, Ltd., ADR (A)	52,700		4,561,185
Skillz, Inc. (A)	51,208		30,377
Square Enix Holdings Company, Ltd.	12,500		600,696
Take-Two Interactive Software, Inc. (A)	17,433		2,079,757
The Marcus Corp.	3,863		61,808
The Walt Disney Company (A)	200,855		20,111,611
Toho Company, Ltd.	16,308		625,232
Universal Music Group NV	105,844		2,680,472
Vivid Seats, Inc., Class A (A)	4,388		33,480
Warner Brothers Discovery, Inc. (A)	242,969		3,668,832
World Wrestling Entertainment, Inc., Class A	9,499		866,879
			75,756,776
Interactive media and services – 2.6%
Adevinta ASA (A)	42,521		301,859
Alphabet, Inc., Class A (A)	654,853		67,927,902
Alphabet, Inc., Class C (A)	570,870		59,370,480
Auto Trader Group PLC (B)	135,990		1,037,289
Bumble, Inc., Class A (A)	13,875		271,256
CarGurus, Inc. (A)	16,475		307,753
Cars.com, Inc. (A)	10,883		210,042
DHI Group, Inc. (A)	6,825		26,481
Eventbrite, Inc., Class A (A)	12,700		108,966
EverQuote, Inc., Class A (A)	2,762		38,392
FuboTV, Inc. (A)(C)	30,286		36,646
Match Group, Inc. (A)	30,709		1,178,919
MediaAlpha, Inc., Class A (A)	4,030		60,369
Meta Platforms, Inc., Class A (A)	244,719		51,865,745
Outbrain, Inc. (A)	7,533		31,111
QuinStreet, Inc. (A)	8,287		131,515
REA Group, Ltd.	7,711		719,000
Scout24 SE (B)	11,702		696,023
SEEK, Ltd.	49,169		794,822

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Shutterstock, Inc.	3,919	$	284,519
The Arena Group Holdings, Inc. (A)	1,983		8,428
TripAdvisor, Inc. (A)	22,963		456,045
TrueCar, Inc. (A)	15,307		35,206
Vimeo, Inc. (A)	23,996		91,905
Vinco Ventures, Inc. (A)(C)	32,009		10,284
Yelp, Inc. (A)	10,987		337,301
Z Holdings Corp.	389,954		1,105,695
Ziff Davis, Inc. (A)	17,647		1,377,348
ZipRecruiter, Inc., Class A (A)	12,115		193,113
			189,014,414
Media – 0.6%
Advantage Solutions, Inc. (A)	14,084		22,253
AMC Networks, Inc., Class A (A)	4,956		87,126
Boston Omaha Corp., Class A (A)	3,578		84,691
Cable One, Inc.	1,057		742,014
Cardlytics, Inc. (A)	5,561		18,880
Charter Communications, Inc., Class A (A)	11,581		4,141,481
Clear Channel Outdoor Holdings, Inc. (A)	61,069		73,283
Comcast Corp., Class A	462,511		17,533,792
CyberAgent, Inc.	62,700		531,246
Daily Journal Corp. (A)	208		59,272
Dentsu Group, Inc.	29,565		1,042,115
DISH Network Corp., Class A (A)	27,636		257,844
Entravision Communications Corp., Class A	9,963		60,276
Fox Corp., Class A	32,644		1,111,528
Fox Corp., Class B	15,156		474,534
Gannett Company, Inc. (A)	26,074		48,758
Gray Television, Inc.	13,399		116,839
Hakuhodo DY Holdings, Inc.	34,073		386,300
iHeartMedia, Inc., Class A (A)	19,589		76,397
Informa PLC	207,941		1,782,357
Innovid Corp. (A)	12,762		17,994
Integral Ad Science Holding Corp. (A)	6,556		93,554
John Wiley & Sons, Inc., Class A	16,297		631,835
Magnite, Inc. (A)	20,987		194,340
News Corp., Class A	42,036		725,962
News Corp., Class B	12,966		225,997
Nexstar Media Group, Inc.	8,264		1,426,862
Omnicom Group, Inc.	22,288		2,102,650
Paramount Global, Class B (C)	55,528		1,238,830
Publicis Groupe SA	33,335		2,602,123
PubMatic, Inc., Class A (A)	6,904		95,413
Quotient Technology, Inc. (A)	15,029		49,295
Scholastic Corp.	4,836		165,488
Sinclair Broadcast Group, Inc., Class A	6,551		112,415
Stagwell, Inc. (A)	12,546		93,091
TechTarget, Inc. (A)	4,390		158,567
TEGNA, Inc.	84,462		1,428,252
The EW Scripps Company, Class A (A)	9,637		90,684
The Interpublic Group of Companies, Inc.	42,718		1,590,818
The New York Times Company, Class A	36,080		1,402,790
Thryv Holdings, Inc. (A)	3,998		92,194
Vivendi SE	105,135		1,063,078
WideOpenWest, Inc. (A)	8,675		92,215
WPP PLC	156,260		1,856,511
			46,201,944
Wireless telecommunication services – 0.5%
Gogo, Inc. (A)	8,075		117,088
KDDI Corp.	235,143		7,251,280

 

232

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services (continued)
Shenandoah Telecommunications Company	7,828	$	148,889
SoftBank Corp.	419,100		4,838,006
SoftBank Group Corp.	175,974		6,918,153
Tele2 AB, B Shares	82,820		824,313
Telephone & Data Systems, Inc.	16,090		169,106
T-Mobile US, Inc. (A)	65,123		9,432,415
United States Cellular Corp. (A)	2,492		51,659
Vodafone Group PLC	3,802,714		4,194,762
			33,945,671
			427,387,034
Consumer discretionary – 10.7%
Automobile components – 0.5%
Adient PLC (A)	36,131		1,479,926
Aisin Corp.	21,458		591,436
American Axle & Manufacturing Holdings, Inc. (A)	18,063		141,072
Aptiv PLC (A)	29,791		3,342,252
Autoliv, Inc.	16,999		1,587,027
BorgWarner, Inc.	25,743		1,264,239
Bridgestone Corp.	83,306		3,384,115
Cie Generale des Etablissements Michelin SCA	98,986		3,025,831
Continental AG	16,051		1,202,692
Dana, Inc.	48,733		733,432
Denso Corp.	63,195		3,567,193
Dorman Products, Inc. (A)	4,206		362,810
Fox Factory Holding Corp. (A)	16,072		1,950,659
Gentex Corp.	51,408		1,440,966
Gentherm, Inc. (A)	5,304		320,468
Holley, Inc. (A)	8,973		24,586
Koito Manufacturing Company, Ltd.	30,532		578,772
LCI Industries	3,959		434,975
Lear Corp.	12,958		1,807,511
Luminar Technologies, Inc. (A)(C)	39,725		257,815
Modine Manufacturing Company (A)	8,007		184,561
Motorcar Parts of America, Inc. (A)	3,175		23,622
Patrick Industries, Inc.	3,479		239,390
Solid Power, Inc. (A)(C)	21,498		64,709
Standard Motor Products, Inc.	3,108		114,716
Stoneridge, Inc. (A)	4,249		79,456
Sumitomo Electric Industries, Ltd.	104,243		1,339,201
The Goodyear Tire & Rubber Company (A)	106,656		1,175,349
Valeo	30,200		619,697
Visteon Corp. (A)	10,608		1,663,653
XPEL, Inc. (A)	3,441		233,816
			33,235,947
Automobiles – 1.9%
Bayerische Motoren Werke AG	48,310		5,294,708
Canoo, Inc. (A)(C)	25,249		16,478
Cenntro Electric Group, Ltd. (A)	32,323		14,927
Ferrari NV	18,392		4,983,931
Fisker, Inc. (A)(C)	27,400		168,236
Ford Motor Company	430,484		5,424,098
General Motors Company	153,338		5,624,438
Harley-Davidson, Inc.	29,152		1,106,901
Honda Motor Company, Ltd.	237,873		6,292,018
Isuzu Motors, Ltd.	85,046		1,016,384
Lordstown Motors Corp., Class A (A)(C)	28,542		18,926
Mazda Motor Corp.	83,000		765,592
Mercedes-Benz Group AG	117,075		9,003,390
Nissan Motor Company, Ltd.	338,676		1,281,749
Renault SA (A)	28,047		1,143,088

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobiles (continued)
Stellantis NV	328,203	$	5,968,789
Subaru Corp.	89,827		1,433,963
Suzuki Motor Corp.	53,743		1,957,181
Tesla, Inc. (A)	295,705		61,346,959
Thor Industries, Inc.	11,728		934,018
Toyota Motor Corp.	1,547,300		22,026,432
Volkswagen AG	4,306		738,587
Volvo Car AB, B Shares (A)(C)	86,949		380,374
Winnebago Industries, Inc.	4,749		274,017
Workhorse Group, Inc. (A)(C)	25,385		33,762
Yamaha Motor Company, Ltd.	43,413		1,136,152
			138,385,098
Broadline retail – 1.8%
1stdibs.com, Inc. (A)	4,384		17,404
Amazon.com, Inc. (A)	980,204		101,245,271
Big Lots, Inc.	4,691		51,413
CarParts.com, Inc. (A)	8,642		46,148
ContextLogic, Inc., Class A (A)	94,182		41,986
Dillard's, Inc., Class A (C)	635		195,377
eBay, Inc.	59,665		2,647,336
Etsy, Inc. (A)	13,819		1,538,469
Groupon, Inc. (A)(C)	3,855		16,230
Kohl's Corp.	24,212		569,950
Macy's, Inc.	59,413		1,039,133
Next PLC	18,861		1,533,018
Nordstrom, Inc. (C)	24,557		399,542
Ollie's Bargain Outlet Holdings, Inc. (A)	12,685		734,969
Pan Pacific International Holdings Corp.	55,500		1,073,716
Prosus NV (A)	116,950		9,157,653
Qurate Retail, Inc., Series A (A)	57,164		56,467
Rakuten Group, Inc.	127,505		594,657
Wesfarmers, Ltd.	165,536		5,594,870
			126,553,609
Distributors – 0.1%
D'ieteren Group	3,631		706,527
Funko, Inc., Class A (A)	5,102		48,112
Genuine Parts Company	15,499		2,593,138
LKQ Corp.	27,907		1,584,001
Pool Corp.	4,294		1,470,437
Weyco Group, Inc.	1,074		27,172
			6,429,387
Diversified consumer services – 0.1%
2U, Inc. (A)	12,517		85,741
Adtalem Global Education, Inc. (A)	7,158		276,442
American Public Education, Inc. (A)	3,254		17,637
Carriage Services, Inc.	2,298		70,135
Chegg, Inc. (A)	19,951		325,201
Coursera, Inc. (A)	18,523		213,385
Duolingo, Inc. (A)	3,785		539,703
European Wax Center, Inc., Class A	4,052		76,988
frontdoor, Inc. (A)	13,321		371,389
Graham Holdings Company, Class B	1,411		840,730
Grand Canyon Education, Inc. (A)	6,721		765,522
H&R Block, Inc.	33,371		1,176,328
IDP Education, Ltd.	30,459		561,313
Laureate Education, Inc.	17,318		203,660
Nerdy, Inc. (A)	10,113		42,272
OneSpaWorld Holdings, Ltd. (A)	10,755		128,952
Pearson PLC	94,302		986,863
Perdoceo Education Corp. (A)	10,808		145,151
Rover Group, Inc. (A)	15,478		70,115
Service Corp. International	33,706		2,318,299
Strategic Education, Inc.	3,613		324,556
Stride, Inc. (A)	6,475		254,144

 

233

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Udemy, Inc. (A)	11,608	$	102,499
Universal Technical Institute, Inc. (A)	5,628		41,535
WW International, Inc. (A)	9,347		38,510
			9,977,070
Hotels, restaurants and leisure – 2.0%
Accel Entertainment, Inc. (A)	9,452		86,108
Accor SA (A)	24,946		811,021
Amadeus IT Group SA (A)	65,732		4,409,533
Aramark	57,090		2,043,822
Aristocrat Leisure, Ltd.	86,643		2,166,293
Bally's Corp. (A)	5,952		116,183
BJ's Restaurants, Inc. (A)	3,733		108,780
Bloomin' Brands, Inc.	14,130		362,435
Bluegreen Vacations Holding Corp.	1,994		54,596
Booking Holdings, Inc. (A)	4,265		11,312,529
Bowlero Corp. (A)(C)	5,120		86,784
Boyd Gaming Corp.	17,384		1,114,662
Brinker International, Inc. (A)	6,992		265,696
Caesars Entertainment, Inc. (A)	23,591		1,151,477
Carnival Corp. (A)	110,182		1,118,347
Century Casinos, Inc. (A)	4,961		36,364
Chipotle Mexican Grill, Inc. (A)	3,037		5,188,077
Choice Hotels International, Inc.	6,074		711,812
Churchill Downs, Inc.	7,213		1,854,102
Chuy's Holdings, Inc. (A)	3,091		110,812
Compass Group PLC	256,327		6,441,892
Cracker Barrel Old Country Store, Inc.	3,558		404,189
Darden Restaurants, Inc.	13,381		2,076,196
Dave & Buster's Entertainment, Inc. (A)	6,871		252,784
Delivery Hero SE (A)(B)	25,073		855,363
Denny's Corp. (A)	9,361		104,469
Dine Brands Global, Inc.	2,351		159,022
Domino's Pizza, Inc.	3,892		1,283,854
El Pollo Loco Holdings, Inc.	3,632		34,831
Entain PLC	85,919		1,334,331
Everi Holdings, Inc. (A)	13,945		239,157
Evolution AB (B)	26,679		3,574,408
Expedia Group, Inc. (A)	16,253		1,577,029
Flutter Entertainment PLC (A)	24,385		4,437,370
Full House Resorts, Inc. (A)	5,610		40,560
Galaxy Entertainment Group, Ltd. (A)	318,153		2,128,178
Genting Singapore, Ltd.	882,321		744,684
Golden Entertainment, Inc. (A)	3,249		141,364
Hilton Grand Vacations, Inc. (A)	31,283		1,389,904
Hilton Worldwide Holdings, Inc.	29,296		4,126,928
Inspired Entertainment, Inc. (A)	3,720		47,579
InterContinental Hotels Group PLC	25,582		1,674,742
International Game Technology PLC	15,825		424,110
Jack in the Box, Inc.	3,401		297,894
Just Eat Takeaway.com NV (A)(B)	26,785		511,138
Krispy Kreme, Inc. (C)	11,421		177,597
Kura Sushi USA, Inc., Class A (A)	727		47,866
La Francaise des Jeux SAEM (B)	15,328		638,835
Las Vegas Sands Corp. (A)	36,133		2,075,841
Life Time Group Holdings, Inc. (A)	7,214		115,135
Light & Wonder, Inc. (A)	35,684		2,142,824
Lindblad Expeditions Holdings, Inc. (A)	5,909		56,490
Marriott International, Inc., Class A	29,583		4,911,961
Marriott Vacations Worldwide Corp.	8,398		1,132,554
McDonald's Corp.	80,529		22,516,714
McDonald's Holdings Company Japan, Ltd.	12,561		522,259
MGM Resorts International	34,594		1,536,665
Monarch Casino & Resort, Inc.	2,100		155,715
NeoGames SA (A)	2,216		33,683

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Noodles & Company (A)	6,834	$	33,145
Norwegian Cruise Line Holdings, Ltd. (A)	46,331		623,152
ONE Group Hospitality, Inc. (A)	3,926		31,801
Oriental Land Company, Ltd.	146,000		4,998,926
Papa John's International, Inc.	12,288		920,740
Penn Entertainment, Inc. (A)	33,994		1,008,262
Portillo's, Inc., Class A (A)	3,901		83,364
RCI Hospitality Holdings, Inc.	1,397		109,203
Red Rock Resorts, Inc., Class A	8,092		360,660
Royal Caribbean Cruises, Ltd. (A)	24,134		1,575,950
Rush Street Interactive, Inc. (A)	10,770		33,495
Ruth's Hospitality Group, Inc.	5,259		86,353
Sabre Corp. (A)	52,541		225,401
Sands China, Ltd. (A)	354,282		1,230,772
SeaWorld Entertainment, Inc. (A)	6,406		392,752
Shake Shack, Inc., Class A (A)	6,022		334,161
Sodexo SA	12,909		1,260,829
Sonder Holdings, Inc. (A)	31,246		23,656
Starbucks Corp.	126,364		13,158,283
Sweetgreen, Inc., Class A (A)	14,119		110,693
Target Hospitality Corp. (A)	4,721		62,034
Texas Roadhouse, Inc.	25,350		2,739,321
The Cheesecake Factory, Inc.	7,922		277,666
The Lottery Corp., Ltd.	324,763		1,116,976
The Wendy's Company	37,347		813,418
Travel + Leisure Company	17,813		698,270
Vacasa, Inc., Class A (A)	18,281		17,590
Whitbread PLC	29,478		1,088,955
Wingstop, Inc.	11,359		2,085,285
Wyndham Hotels & Resorts, Inc.	19,356		1,313,305
Wynn Resorts, Ltd. (A)	11,337		1,268,724
Xponential Fitness, Inc., Class A (A)	2,756		83,755
Yum! Brands, Inc.	30,785		4,066,083
			145,708,528
Household durables – 0.8%
Barratt Developments PLC	146,160		841,119
Beazer Homes USA, Inc. (A)	4,432		70,380
Cavco Industries, Inc. (A)	1,425		452,780
Century Communities, Inc.	4,462		285,211
D.R. Horton, Inc.	34,358		3,356,433
Dream Finders Homes, Inc., Class A (A)(C)	3,648		48,336
Electrolux AB, Series B	32,087		389,998
Ethan Allen Interiors, Inc.	3,601		98,883
Garmin, Ltd.	16,859		1,701,410
GoPro, Inc., Class A (A)	20,957		105,414
Green Brick Partners, Inc. (A)	4,336		152,020
Hamilton Beach Brands Holding Company, Class B	853		8,735
Helen of Troy, Ltd. (A)	9,079		864,048
Hovnanian Enterprises, Inc., Class A (A)	891		60,445
Iida Group Holdings Company, Ltd.	21,000		342,860
Installed Building Products, Inc.	3,820		435,595
iRobot Corp. (A)	4,315		188,307
KB Home	29,955		1,203,592
La-Z-Boy, Inc.	6,932		201,583
Legacy Housing Corp. (A)	1,483		33,753
Leggett & Platt, Inc.	29,059		926,401
Lennar Corp., A Shares	27,877		2,930,151
LGI Homes, Inc. (A)	3,299		376,185
M/I Homes, Inc. (A)	4,092		258,164
MDC Holdings, Inc.	9,010		350,219
Meritage Homes Corp.	5,737		669,852
Mohawk Industries, Inc. (A)	5,798		581,076

 

234

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Newell Brands, Inc.	41,382	$	514,792
NVR, Inc. (A)	333		1,855,539
Open House Group Company, Ltd.	11,400		427,501
Panasonic Holdings Corp.	322,309		2,883,734
Persimmon PLC	46,592		723,467
PulteGroup, Inc.	24,804		1,445,577
Purple Innovation, Inc. (A)	9,555		25,225
SEB SA	3,633		413,378
Sekisui Chemical Company, Ltd.	53,244		756,195
Sekisui House, Ltd.	89,926		1,832,803
Sharp Corp.	33,200		234,740
Skyline Champion Corp. (A)	8,530		641,712
Snap One Holdings Corp. (A)	3,168		29,621
Sonos, Inc. (A)	20,577		403,721
Sony Group Corp.	184,000		16,759,342
Taylor Morrison Home Corp. (A)	40,296		1,541,725
Taylor Wimpey PLC	515,331		758,140
Tempur Sealy International, Inc.	37,343		1,474,675
The Berkeley Group Holdings PLC	15,859		821,622
The Lovesac Company (A)	2,368		68,435
Toll Brothers, Inc.	22,535		1,352,776
TopBuild Corp. (A)	7,007		1,458,437
Tri Pointe Homes, Inc. (A)	15,789		399,777
Tupperware Brands Corp. (A)	7,126		17,815
Universal Electronics, Inc. (A)	2,183		22,136
Vizio Holding Corp., Class A (A)	10,959		100,604
Vuzix Corp. (A)(C)	9,951		41,197
Whirlpool Corp.	5,992		791,064
			54,728,700
Leisure products – 0.2%
Acushnet Holdings Corp.	5,298		269,880
AMMO, Inc. (A)(C)	14,827		29,209
Bandai Namco Holdings, Inc.	87,579		1,888,128
Brunswick Corp.	15,890		1,302,980
Clarus Corp.	4,941		46,692
Hasbro, Inc.	14,274		766,371
Johnson Outdoors, Inc., Class A	936		58,977
Latham Group, Inc. (A)	7,514		21,490
Malibu Boats, Inc., Class A (A)	3,312		186,962
MasterCraft Boat Holdings, Inc. (A)	2,983		90,773
Mattel, Inc. (A)	77,666		1,429,831
Polaris, Inc.	11,939		1,320,812
Shimano, Inc.	10,681		1,851,932
Smith & Wesson Brands, Inc.	7,540		92,817
Sturm Ruger & Company, Inc.	2,767		158,936
Topgolf Callaway Brands Corp. (A)	52,916		1,144,044
Vista Outdoor, Inc. (A)	8,903		246,702
Yamaha Corp.	20,473		790,748
YETI Holdings, Inc. (A)	18,901		756,040
			12,453,324
Specialty retail – 1.7%
1-800-Flowers.com, Inc., Class A (A)	4,903		56,385
Abercrombie & Fitch Company, Class A (A)	7,976		221,334
Academy Sports & Outdoors, Inc.	12,354		806,099
Advance Auto Parts, Inc.	6,515		792,289
American Eagle Outfitters, Inc.	24,936		335,140
America's Car-Mart, Inc. (A)	985		78,022
Arko Corp.	13,641		115,812
Asbury Automotive Group, Inc. (A)	3,518		738,780
AutoNation, Inc. (A)	7,496		1,007,163
AutoZone, Inc. (A)	2,063		5,071,163
BARK, Inc. (A)	20,744		30,079
Bath & Body Works, Inc.	25,114		918,670
Bed Bath & Beyond, Inc. (A)(C)	13,133		5,613

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Best Buy Company, Inc.	21,652	$	1,694,702
Big 5 Sporting Goods Corp. (C)	3,618		27,822
Boot Barn Holdings, Inc. (A)	4,744		363,580
Build-A-Bear Workshop, Inc.	2,249		52,267
Caleres, Inc.	5,515		119,289
Camping World Holdings, Inc., Class A (C)	6,170		128,768
CarMax, Inc. (A)	17,374		1,116,801
Chico's FAS, Inc. (A)	19,677		108,224
Citi Trends, Inc. (A)	1,409		26,799
Designer Brands, Inc., Class A	8,238		72,000
Destination XL Group, Inc. (A)	9,679		53,331
Dick's Sporting Goods, Inc.	13,114		1,860,745
EVgo, Inc. (A)(C)	11,194		87,201
Fast Retailing Company, Ltd.	25,638		5,612,478
Five Below, Inc. (A)	12,166		2,505,831
Foot Locker, Inc.	30,243		1,200,345
Franchise Group, Inc. (C)	4,378		119,301
GameStop Corp., Class A (A)(C)	55,400		1,275,308
Genesco, Inc. (A)	2,057		75,862
Group 1 Automotive, Inc.	2,223		503,332
GrowGeneration Corp. (A)	10,168		34,775
Guess?, Inc.	5,023		97,748
Haverty Furniture Companies, Inc.	2,339		74,637
Hennes & Mauritz AB, B Shares	106,564		1,523,603
Hibbett, Inc.	2,060		121,499
Hikari Tsushin, Inc.	3,000		421,580
Industria de Diseno Textil SA	159,162		5,347,078
JD Sports Fashion PLC	376,313		828,725
Kingfisher PLC	284,976		921,186
Lands' End, Inc. (A)	2,677		26,020
Lithia Motors, Inc.	5,991		1,371,520
LL Flooring Holdings, Inc. (A)	5,018		19,068
Lowe's Companies, Inc.	66,486		13,295,205
MarineMax, Inc. (A)	3,295		94,731
Monro, Inc.	5,094		251,796
Murphy USA, Inc.	7,715		1,990,856
National Vision Holdings, Inc. (A)	12,608		237,535
Nitori Holdings Company, Ltd.	11,711		1,414,242
OneWater Marine, Inc., Class A (A)	1,860		52,024
O'Reilly Automotive, Inc. (A)	6,856		5,820,607
Overstock.com, Inc. (A)	6,904		139,944
PetMed Express, Inc.	3,335		54,160
Rent the Runway, Inc., Class A (A)(C)	7,108		20,258
Revolve Group, Inc. (A)	6,534		171,844
RH (A)	4,094		997,094
Ross Stores, Inc.	37,863		4,018,400
RumbleON, Inc., Class B (A)	1,799		10,902
Sally Beauty Holdings, Inc. (A)	17,148		267,166
Shoe Carnival, Inc.	2,766		70,948
Signet Jewelers, Ltd.	7,340		570,905
Sleep Number Corp. (A)	3,520		107,043
Sonic Automotive, Inc., Class A	2,878		156,391
Sportsman's Warehouse Holdings, Inc. (A)	6,496		55,086
Stitch Fix, Inc., Class A (A)	13,829		70,666
The Aaron's Company, Inc.	5,234		50,560
The Buckle, Inc.	4,739		169,135
The Cato Corp., Class A	3,329		29,428
The Children's Place, Inc. (A)	2,112		85,008
The Container Store Group, Inc. (A)	5,812		19,935
The Gap, Inc.	46,399		465,846
The Home Depot, Inc.	112,058		33,070,557
The ODP Corp. (A)	6,448		290,031
The RealReal, Inc. (A)(C)	15,371		19,367

 

235

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
The TJX Companies, Inc.	127,046	$	9,955,325
Tile Shop Holdings, Inc. (A)	6,696		31,404
Tilly's, Inc., Class A (A)	4,307		33,207
Tractor Supply Company	12,145		2,854,561
TravelCenters of America, Inc. (A)	2,041		176,547
Ulta Beauty, Inc. (A)	5,594		3,052,478
Upbound Group, Inc.	8,175		200,369
Urban Outfitters, Inc. (A)	10,212		283,077
USS Company, Ltd.	29,948		519,585
Victoria's Secret & Company (A)	17,713		604,899
Warby Parker, Inc., Class A (A)	13,485		142,806
Williams-Sonoma, Inc.	14,588		1,774,776
Winmark Corp.	450		144,194
Zalando SE (A)(B)	32,679		1,369,594
ZOZO, Inc.	18,200		416,269
Zumiez, Inc. (A)	2,707		49,917
			123,644,652
Textiles, apparel and luxury goods – 1.6%
adidas AG	23,637		4,190,189
Allbirds, Inc., Class A (A)	16,651		19,981
Burberry Group PLC	56,150		1,797,912
Capri Holdings, Ltd. (A)	27,549		1,294,803
Carter's, Inc.	8,363		601,467
Cie Financiere Richemont SA, A Shares	76,165		12,213,519
Columbia Sportswear Company	7,759		700,172
Crocs, Inc. (A)	23,242		2,938,718
Deckers Outdoor Corp. (A)	5,776		2,596,601
Ermenegildo Zegna NV	7,562		103,146
Fossil Group, Inc. (A)	8,442		27,014
G-III Apparel Group, Ltd. (A)	7,104		110,467
Hermes International	4,621		9,358,706
Kering SA	10,925		7,127,771
Kontoor Brands, Inc.	8,888		430,090
LVMH Moet Hennessy Louis Vuitton SE	40,386		37,070,645
Moncler SpA	29,950		2,068,691
Movado Group, Inc.	2,530		72,788
NIKE, Inc., Class B	136,959		16,796,652
Oxford Industries, Inc.	2,396		252,994
Pandora A/S	13,238		1,270,691
PLBY Group, Inc. (A)	5,529		10,947
Puma SE	15,405		954,993
PVH Corp.	13,887		1,238,165
Ralph Lauren Corp.	4,519		527,232
Rocky Brands, Inc.	1,251		28,861
Skechers USA, Inc., Class A (A)	29,412		1,397,658
Steven Madden, Ltd.	12,408		446,688
Superior Group of Companies, Inc.	2,256		17,755
Tapestry, Inc.	25,956		1,118,963
The Swatch Group AG	7,678		486,835
The Swatch Group AG, Bearer Shares	4,222		1,454,017
Under Armour, Inc., Class A (A)	41,354		392,449
Under Armour, Inc., Class C (A)	41,544		354,370
VF Corp.	36,322		832,137
Wolverine World Wide, Inc.	12,601		214,847
			110,518,934
			761,635,249
Consumer staples – 7.6%
Beverages – 1.7%
Anheuser-Busch InBev SA/NV	126,736		8,448,201
Asahi Group Holdings, Ltd.	66,581		2,478,013
Brown-Forman Corp., Class B	20,106		1,292,213
Budweiser Brewing Company APAC, Ltd. (B)	251,200		764,484
Carlsberg A/S, Class B	14,203		2,203,835

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages (continued)
Celsius Holdings, Inc. (A)	17,751	$	1,649,778
Coca-Cola Consolidated, Inc.	1,759		941,206
Coca-Cola Europacific Partners PLC	29,958		1,773,214
Coca-Cola HBC AG (A)	29,417		805,295
Constellation Brands, Inc., Class A	17,851		4,032,362
Davide Campari-Milano NV	76,269		930,621
Diageo PLC	331,713		14,804,227
Heineken Holding NV	16,811		1,542,377
Heineken NV	37,820		4,063,788
Keurig Dr. Pepper, Inc.	93,429		3,296,175
Kirin Holdings Company, Ltd.	119,992		1,898,366
MGP Ingredients, Inc.	2,234		216,072
Molson Coors Beverage Company, Class B	20,670		1,068,226
Monster Beverage Corp. (A)	83,754		4,523,554
National Beverage Corp. (A)	3,789		199,756
PepsiCo, Inc.	151,427		27,605,142
Pernod Ricard SA	30,109		6,817,607
Primo Water Corp.	25,209		386,958
Remy Cointreau SA	3,400		619,083
Suntory Beverage & Food, Ltd.	20,259		754,616
The Boston Beer Company, Inc., Class A (A)	2,066		679,094
The Coca-Cola Company	427,926		26,544,250
The Duckhorn Portfolio, Inc. (A)	5,956		94,700
The Vita Coco Company, Inc. (A)	4,607		90,389
Treasury Wine Estates, Ltd.	105,324		924,618
			121,448,220
Consumer staples distribution and retail – 1.7%
Aeon Company, Ltd.	95,378		1,850,409
BJ's Wholesale Club Holdings, Inc. (A)	29,461		2,241,098
Carrefour SA	86,631		1,751,470
Casey's General Stores, Inc.	8,165		1,767,396
Coles Group, Ltd.	195,285		2,359,564
Costco Wholesale Corp.	48,787		24,240,797
Dollar General Corp.	24,582		5,173,528
Dollar Tree, Inc. (A)	22,860		3,281,553
Endeavour Group, Ltd.	209,057		949,808
Grocery Outlet Holding Corp. (A)	19,400		548,244
HelloFresh SE (A)	23,832		568,329
HF Foods Group, Inc. (A)	6,128		24,022
Ingles Markets, Inc., Class A	2,272		201,526
J Sainsbury PLC	256,609		883,039
Jeronimo Martins SGPS SA	41,319		969,874
Kesko OYJ, B Shares	39,853		856,493
Kobe Bussan Company, Ltd.	22,000		614,287
Koninklijke Ahold Delhaize NV	152,581		5,212,946
MatsukiyoCocokara & Company	16,700		884,626
Ocado Group PLC (A)	84,313		558,270
Performance Food Group Company (A)	34,218		2,064,714
PriceSmart, Inc.	3,943		281,846
Rite Aid Corp. (A)	9,260		20,742
Seven & i Holdings Company, Ltd.	109,929		4,965,944
SpartanNash Company	5,709		141,583
Sprouts Farmers Market, Inc. (A)	40,292		1,411,429
Sysco Corp.	55,810		4,310,206
Target Corp.	50,610		8,382,534
Tesco PLC	1,080,009		3,540,733
The Andersons, Inc.	5,091		210,360
The Chefs' Warehouse, Inc. (A)	5,482		186,662
The Fresh Market, Inc. (A)(C)(D)	984		0
The Kroger Company	71,620		3,535,879
U.S. Foods Holding Corp. (A)	44,848		1,656,685
United Natural Foods, Inc. (A)	9,316		245,477
Village Super Market, Inc., Class A	1,886		43,152

 

236

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples distribution and retail (continued)
Walgreens Boots Alliance, Inc.	78,710	$	2,721,792
Walmart, Inc.	154,185		22,734,578
Weis Markets, Inc.	2,641		223,613
Welcia Holdings Company, Ltd.	13,800		295,438
Woolworths Group, Ltd.	177,496		4,512,428
			116,423,074
Food products – 1.8%
Ajinomoto Company, Inc.	66,596		2,316,732
Alico, Inc.	1,129		27,322
Archer-Daniels-Midland Company	60,150		4,791,549
Associated British Foods PLC	51,914		1,245,826
B&G Foods, Inc. (C)	11,312		175,675
Barry Callebaut AG	521		1,103,879
Benson Hill, Inc. (A)	28,254		32,492
Beyond Meat, Inc. (A)(C)	9,973		161,862
BRC, Inc., Class A (A)(C)	4,474		22,996
Bunge, Ltd.	16,470		1,573,214
Calavo Growers, Inc.	2,818		81,074
Cal-Maine Foods, Inc.	5,984		364,366
Campbell Soup Company	22,060		1,212,859
Chocoladefabriken Lindt & Spruengli AG	16		1,894,977
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	152		1,795,217
Conagra Brands, Inc.	52,404		1,968,294
Danone SA	93,680		5,829,107
Darling Ingredients, Inc. (A)	35,123		2,051,183
Flowers Foods, Inc.	42,105		1,154,098
Fresh Del Monte Produce, Inc.	4,925		148,292
General Mills, Inc.	64,827		5,540,115
Hormel Foods Corp.	31,842		1,269,859
Hostess Brands, Inc. (A)	21,513		535,243
Ingredion, Inc.	14,397		1,464,607
J&J Snack Foods Corp.	2,427		359,730
JDE Peet's NV	14,671		426,343
John B Sanfilippo & Son, Inc.	1,421		137,723
Kellogg Company	28,142		1,884,388
Kerry Group PLC, Class A	22,036		2,197,546
Kerry Group PLC, Class A (London Stock Exchange)	1,204		120,192
Kikkoman Corp.	21,246		1,084,682
Lamb Weston Holdings, Inc.	15,818		1,653,297
Lancaster Colony Corp.	7,452		1,511,862
Lifecore Biomedical, Inc. (A)	4,762		17,977
McCormick & Company, Inc.	27,566		2,293,767
MEIJI Holdings Company, Ltd.	32,400		770,577
Mission Produce, Inc. (A)	6,452		71,682
Mondelez International, Inc., Class A	149,894		10,450,610
Mowi ASA	60,361		1,116,436
Nestle SA	401,251		48,924,736
Nisshin Seifun Group, Inc.	28,900		338,213
Nissin Foods Holdings Company, Ltd.	8,975		820,672
Orkla ASA	109,587		777,247
Pilgrim's Pride Corp. (A)	9,846		228,230
Post Holdings, Inc. (A)	11,750		1,055,973
Salmar ASA	9,530		415,125
Seneca Foods Corp., Class A (A)	850		44,430
Sovos Brands, Inc. (A)	6,145		102,499
SunOpta, Inc. (A)	15,727		121,098
The Hain Celestial Group, Inc. (A)	12,205		209,316
The Hershey Company	16,159		4,111,011
The J.M. Smucker Company	11,725		1,845,163
The Kraft Heinz Company	87,542		3,385,249
The Simply Good Foods Company (A)	14,317		569,387
Tootsie Roll Industries, Inc.	2,491		111,850

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
TreeHouse Foods, Inc. (A)	8,127	$	409,845
Tyson Foods, Inc., Class A	31,403		1,862,826
Utz Brands, Inc.	10,551		173,775
Vital Farms, Inc. (A)	4,862		74,389
WH Group, Ltd. (B)	1,217,000		725,510
Whole Earth Brands, Inc. (A)	7,876		20,163
Wilmar International, Ltd.	280,303		888,031
Yakult Honsha Company, Ltd.	18,703		1,358,967
			129,431,355
Household products – 1.0%
Central Garden & Pet Company (A)	3,042		124,905
Central Garden & Pet Company, Class A (A)	5,147		201,093
Church & Dwight Company, Inc.	26,813		2,370,537
Colgate-Palmolive Company	91,830		6,901,025
Energizer Holdings, Inc.	25,244		875,967
Essity AB, B Shares (C)	88,859		2,538,159
Henkel AG & Company KGaA	15,163		1,103,059
Kimberly-Clark Corp.	37,108		4,980,636
Reckitt Benckiser Group PLC	104,423		7,944,238
The Clorox Company	13,581		2,149,057
The Procter & Gamble Company	259,385		38,567,956
Unicharm Corp.	58,900		2,421,127
WD-40 Company	2,182		388,505
			70,566,264
Personal care products – 0.8%
Beiersdorf AG	14,708		1,913,324
BellRing Brands, Inc. (A)	50,372		1,712,648
Coty, Inc., Class A (A)	80,343		968,937
e.l.f. Beauty, Inc. (A)	7,741		637,471
Edgewell Personal Care Company	8,235		349,329
Haleon PLC	741,074		2,943,866
Herbalife Nutrition, Ltd. (A)	15,741		253,430
Inter Parfums, Inc.	2,874		408,798
Kao Corp.	67,975		2,645,945
Kobayashi Pharmaceutical Company, Ltd.	7,400		452,579
Kose Corp.	4,900		582,405
L'Oreal SA	35,241		15,747,181
Medifast, Inc.	1,743		180,697
Nu Skin Enterprises, Inc., Class A	7,985		313,890
Shiseido Company, Ltd.	58,360		2,736,106
The Beauty Health Company (A)	16,045		202,648
The Estee Lauder Companies, Inc., Class A	25,473		6,278,076
The Honest Company, Inc. (A)	11,642		20,956
Unilever PLC	369,875		19,166,550
USANA Health Sciences, Inc. (A)	1,832		115,233
Veru, Inc. (A)	10,253		11,893
			57,641,962
Tobacco – 0.6%
22nd Century Group, Inc. (A)(C)	27,503		21,150
Altria Group, Inc.	196,316		8,759,620
British American Tobacco PLC	310,295		10,877,195
Imperial Brands PLC	130,638		3,004,105
Japan Tobacco, Inc.	175,066		3,698,015
Philip Morris International, Inc.	170,445		16,575,776
Turning Point Brands, Inc.	2,389		50,169
Universal Corp.	3,810		201,511
Vector Group, Ltd.	22,755		273,288
			43,460,829
			538,971,704

 

237

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy – 4.4%
Energy equipment and services – 0.4%
Archrock, Inc.	22,181	$	216,708
Baker Hughes Company	110,609		3,192,176
Borr Drilling, Ltd. (A)	31,601		239,536
Bristow Group, Inc. (A)	3,787		84,829
Cactus, Inc., Class A	9,453		389,747
ChampionX Corp.	75,809		2,056,698
Diamond Offshore Drilling, Inc. (A)	16,515		198,841
DMC Global, Inc. (A)	3,193		70,150
Dril-Quip, Inc. (A)	5,716		163,992
Expro Group Holdings NV (A)	12,580		230,969
Halliburton Company	99,402		3,145,079
Helix Energy Solutions Group, Inc. (A)	23,240		179,878
Helmerich & Payne, Inc.	16,471		588,838
Liberty Energy, Inc.	22,682		290,556
Nabors Industries, Ltd. (A)	1,459		177,867
National Energy Services Reunited Corp. (A)	6,777		35,647
Newpark Resources, Inc. (A)	14,577		56,121
NexTier Oilfield Solutions, Inc. (A)	28,209		224,262
Noble Corp. PLC (A)	11,862		468,193
NOV, Inc.	86,082		1,593,378
Oceaneering International, Inc. (A)	16,208		285,747
Oil States International, Inc. (A)	10,683		88,989
Patterson-UTI Energy, Inc.	34,452		403,088
ProFrac Holding Corp., Class A (A)	2,724		34,513
ProPetro Holding Corp. (A)	13,994		100,617
RPC, Inc.	12,071		92,826
Schlumberger, Ltd.	156,148		7,666,867
Select Energy Services, Inc., Class A	11,544		80,346
Solaris Oilfield Infrastructure, Inc., Class A	5,365		45,817
Tenaris SA	68,900		976,257
TETRA Technologies, Inc. (A)	20,490		54,299
Tidewater, Inc. (A)	6,879		303,226
U.S. Silica Holdings, Inc. (A)	11,870		141,728
Valaris, Ltd. (A)	22,891		1,489,288
Weatherford International PLC (A)	11,322		671,961
			26,039,034
Oil, gas and consumable fuels – 4.0%
Aemetis, Inc. (A)(C)	4,964		11,516
Aker BP ASA	46,109		1,130,824
Alto Ingredients, Inc. (A)	12,089		18,134
Amplify Energy Corp. (A)	5,875		40,361
Ampol, Ltd.	34,770		708,888
Antero Midstream Corp.	73,401		769,976
Antero Resources Corp. (A)	60,512		1,397,222
APA Corp.	35,349		1,274,685
Arch Resources, Inc.	2,336		307,091
Ardmore Shipping Corp.	5,611		83,436
Berry Corp.	13,024		102,238
BP PLC	2,647,861		16,735,855
California Resources Corp.	11,644		448,294
Callon Petroleum Company (A)	7,921		264,878
Centrus Energy Corp., Class A (A)	1,716		55,255
Chevron Corp.	195,593		31,912,954
Chord Energy Corp.	15,661		2,107,971
Civitas Resources, Inc.	11,795		806,070
Clean Energy Fuels Corp. (A)	27,414		119,525
CNX Resources Corp. (A)	66,202		1,060,556
Comstock Resources, Inc.	14,668		158,268
ConocoPhillips	134,561		13,349,797
CONSOL Energy, Inc.	5,479		319,261
Coterra Energy, Inc.	86,691		2,127,397
Crescent Energy Company, Class A	5,372		60,757

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
CVR Energy, Inc.	4,679	$	153,378
Delek US Holdings, Inc.	11,227		257,660
Denbury, Inc. (A)	8,005		701,478
Devon Energy Corp.	71,873		3,637,493
DHT Holdings, Inc.	21,642		233,950
Diamondback Energy, Inc.	20,206		2,731,245
Dorian LPG, Ltd.	4,826		96,230
DT Midstream, Inc.	21,203		1,046,792
Earthstone Energy, Inc., Class A (A)	7,196		93,620
Empire Petroleum Corp. (A)	1,721		21,358
ENEOS Holdings, Inc.	447,811		1,571,149
Energy Fuels, Inc. (A)(C)	25,097		140,041
Eni SpA	364,779		5,087,341
EOG Resources, Inc.	64,583		7,403,149
EQT Corp.	40,356		1,287,760
Equinor ASA	138,999		3,951,519
Equitrans Midstream Corp.	160,790		929,366
Excelerate Energy, Inc., Class A	3,006		66,553
Exxon Mobil Corp.	452,768		49,650,539
FLEX LNG, Ltd.	4,594		154,267
Frontline PLC (A)(C)	19,840		328,550
Galp Energia SGPS SA	73,139		827,588
Gevo, Inc. (A)(C)	32,588		50,186
Golar LNG, Ltd. (A)	16,146		348,754
Green Plains, Inc. (A)	8,479		262,764
Gulfport Energy Corp. (A)	1,772		141,760
Hess Corp.	30,508		4,037,429
HF Sinclair Corp.	29,473		1,425,904
HighPeak Energy, Inc. (C)	1,093		25,139
Idemitsu Kosan Company, Ltd.	30,386		665,234
Inpex Corp.	151,741		1,605,802
International Seaways, Inc.	7,750		323,020
Kinder Morgan, Inc.	217,504		3,808,495
Kinetik Holdings, Inc.	2,846		89,080
Kosmos Energy, Ltd. (A)	72,475		539,214
Magnolia Oil & Gas Corp., Class A	26,751		585,312
Marathon Oil Corp.	69,825		1,673,007
Marathon Petroleum Corp.	49,917		6,730,309
Matador Resources Company	42,627		2,031,177
Murphy Oil Corp.	55,619		2,056,791
NACCO Industries, Inc., Class A	665		23,987
Neste OYJ	61,729		3,049,652
NextDecade Corp. (A)	5,400		26,838
Nordic American Tankers, Ltd.	31,997		126,708
Northern Oil and Gas, Inc.	10,726		325,534
Occidental Petroleum Corp.	79,947		4,991,091
OMV AG	21,488		986,796
ONEOK, Inc.	49,142		3,122,483
Par Pacific Holdings, Inc. (A)	7,797		227,672
PBF Energy, Inc., Class A	40,511		1,756,557
PDC Energy, Inc.	20,193		1,295,987
Peabody Energy Corp. (A)	18,835		482,176
Permian Resources Corp.	33,026		346,773
Phillips 66	51,236		5,194,306
Pioneer Natural Resources Company	26,124		5,335,566
Range Resources Corp.	52,953		1,401,666
Ranger Oil Corp., Class A	3,223		131,627
Repsol SA	200,974		3,090,550
REX American Resources Corp. (A)	2,493		71,275
Riley Exploration Permian, Inc.	1,674		63,712
Ring Energy, Inc. (A)(C)	14,656		27,846
SandRidge Energy, Inc. (A)	5,181		74,658
Santos, Ltd.	460,461		2,119,225
Scorpio Tankers, Inc.	7,533		424,183
SFL Corp., Ltd.	18,150		172,425

 

238

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Shell PLC	1,029,797	$	29,347,742
SilverBow Resources, Inc. (A)	1,906		43,552
Sitio Royalties Corp., Class A (C)	11,418		258,047
SM Energy Company	19,400		546,304
Southwestern Energy Company (A)	241,845		1,209,225
Talos Energy, Inc. (A)	10,650		158,046
Targa Resources Corp.	24,889		1,815,653
Teekay Corp. (A)	12,074		74,617
Teekay Tankers, Ltd., Class A (A)	3,619		155,364
Tellurian, Inc. (A)	82,385		101,334
The Williams Companies, Inc.	133,917		3,998,762
TotalEnergies SE	363,048		21,406,643
Uranium Energy Corp. (A)(C)	52,561		151,376
Ur-Energy, Inc. (A)	36,207		38,379
VAALCO Energy, Inc.	17,111		77,513
Valero Energy Corp.	42,388		5,917,365
Vertex Energy, Inc. (A)(C)	8,733		86,282
Vital Energy, Inc. (A)	2,719		123,823
W&T Offshore, Inc. (A)	14,974		76,068
Washington H. Soul Pattinson & Company, Ltd.	31,600		640,430
Woodside Energy Group, Ltd.	277,045		6,189,226
World Fuel Services Corp.	9,784		249,981
			289,676,637
			315,715,671
Financials – 14.3%
Banks – 5.4%
1st Source Corp.	2,544		109,774
ABN AMRO Bank NV (B)	58,930		934,479
ACNB Corp.	1,433		46,644
AIB Group PLC	156,031		631,542
Amalgamated Financial Corp.	2,218		39,236
Amerant Bancorp, Inc.	4,508		98,094
American National Bankshares, Inc.	1,930		61,181
Ameris Bancorp	10,616		388,333
ANZ Group Holdings, Ltd.	436,448		6,725,714
Arrow Financial Corp.	2,448		60,980
Associated Banc-Corp.	56,785		1,020,994
Atlantic Union Bankshares Corp.	11,964		419,338
Axos Financial, Inc. (A)	9,176		338,778
Banc of California, Inc.	8,581		107,520
BancFirst Corp.	3,099		257,527
Banco Bilbao Vizcaya Argentaria SA (C)	879,849		6,290,356
Banco Santander SA	2,450,459		9,131,585
Bank First Corp.	988		72,697
Bank Hapoalim BM	185,304		1,542,193
Bank Leumi Le-Israel BM	225,255		1,704,005
Bank of America Corp.	767,388		21,947,297
Bank of Hawaii Corp.	8,730		454,658
Bank of Ireland Group PLC	156,171		1,580,185
Bank of Marin Bancorp	2,732		59,803
Bank OZK	24,138		825,520
BankUnited, Inc.	12,290		277,508
Bankwell Financial Group, Inc.	1,072		26,650
Banner Corp.	5,397		293,435
Banque Cantonale Vaudoise	4,395		414,739
Bar Harbor Bankshares	2,702		71,468
Barclays PLC	2,313,411		4,163,918
BayCom Corp.	2,501		42,717
BCB Bancorp, Inc.	2,436		31,985
Berkshire Hills Bancorp, Inc.	7,002		175,470
Blue Foundry Bancorp (A)	4,917		46,810
Blue Ridge Bankshares, Inc.	3,257		33,221
BNP Paribas SA	162,091		9,679,674
BOC Hong Kong Holdings, Ltd.	539,741		1,680,351

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Bridgewater Bancshares, Inc. (A)	3,591	$	38,926
Brookline Bancorp, Inc.	15,702		164,871
Business First Bancshares, Inc.	3,628		62,148
Byline Bancorp, Inc.	4,070		87,993
Cadence Bank	68,912		1,430,613
CaixaBank SA	646,868		2,524,048
Cambridge Bancorp	1,132		73,365
Camden National Corp.	2,141		77,483
Capital Bancorp, Inc.	1,720		28,621
Capital City Bank Group, Inc.	2,218		65,010
Capitol Federal Financial, Inc.	21,360		143,753
Capstar Financial Holdings, Inc.	3,788		57,388
Carter Bankshares, Inc. (A)	4,219		59,066
Cathay General Bancorp	27,319		943,052
Central Pacific Financial Corp.	4,617		82,644
Citigroup, Inc.	212,953		9,985,366
Citizens & Northern Corp.	2,800		59,864
Citizens Financial Group, Inc.	54,149		1,644,505
City Holding Company	2,209		200,754
Civista Bancshares, Inc.	2,694		45,475
CNB Financial Corp.	2,747		52,742
Coastal Financial Corp. (A)	1,726		62,153
Colony Bankcorp, Inc.	3,392		34,598
Columbia Banking System, Inc.	58,024		1,242,874
Columbia Financial, Inc. (A)	5,330		97,432
Comerica, Inc.	14,400		625,248
Commerce Bancshares, Inc.	24,928		1,454,549
Commerzbank AG (A)	155,321		1,635,256
Commonwealth Bank of Australia	247,247		16,324,611
Community Bank System, Inc.	8,393		440,549
Community Trust Bancorp, Inc.	2,342		88,879
Concordia Financial Group, Ltd.	158,846		585,498
ConnectOne Bancorp, Inc.	6,241		110,341
Credit Agricole SA	177,575		2,003,259
CrossFirst Bankshares, Inc. (A)	7,499		78,590
Cullen/Frost Bankers, Inc.	14,104		1,485,715
Customers Bancorp, Inc. (A)	4,897		90,692
CVB Financial Corp.	20,851		347,795
Danske Bank A/S (A)	100,641		2,024,775
DBS Group Holdings, Ltd.	264,283		6,570,534
Dime Community Bancshares, Inc.	5,249		119,257
DNB Bank ASA	135,728		2,428,953
Eagle Bancorp, Inc.	5,068		169,626
East West Bancorp, Inc.	30,888		1,714,284
Eastern Bankshares, Inc.	24,817		313,191
Enterprise Financial Services Corp.	5,558		247,831
Equity Bancshares, Inc., Class A	2,605		63,484
Erste Group Bank AG	50,169		1,662,066
Esquire Financial Holdings, Inc.	1,205		47,116
Farmers & Merchants Bancorp, Inc.	2,104		51,169
Farmers National Banc Corp.	5,537		69,988
FB Financial Corp.	5,728		178,026
Fifth Third Bancorp	75,138		2,001,676
Financial Institutions, Inc.	2,492		48,046
FinecoBank Banca Fineco SpA	89,022		1,363,915
First Bancorp (North Carolina)	5,614		199,409
First Bancorp (Puerto Rico)	29,449		336,308
First Bank	3,111		31,421
First Busey Corp.	8,174		166,259
First Business Financial Services, Inc.	1,340		40,883
First Commonwealth Financial Corp.	14,765		183,529
First Community Bankshares, Inc.	2,623		65,706
First Financial Bancorp	14,944		325,331
First Financial Bankshares, Inc.	49,225		1,570,278
First Financial Corp.	1,603		60,080

 

239

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
First Foundation, Inc.	8,521	$	63,481
First Horizon Corp.	117,596		2,090,857
First International Bank of Israel, Ltd.	8,051		284,987
First Internet Bancorp	1,546		25,741
First Interstate BancSystem, Inc., Class A	14,433		430,969
First Merchants Corp.	9,088		299,450
First Mid Bancshares, Inc.	3,209		87,349
First Republic Bank (C)	20,427		285,774
First Western Financial, Inc. (A)	1,401		27,740
Five Star Bancorp	2,056		43,875
Flushing Financial Corp.	4,672		69,566
FNB Corp.	78,996		916,354
Fulton Financial Corp.	62,343		861,580
FVCBankcorp, Inc. (A)	3,032		32,291
German American Bancorp, Inc.	4,359		145,460
Glacier Bancorp, Inc.	41,909		1,760,597
Great Southern Bancorp, Inc.	1,346		68,215
Greene County Bancorp, Inc.	1,068		24,222
Guaranty Bancshares, Inc.	1,435		39,993
Hancock Whitney Corp.	32,483		1,182,381
Hang Seng Bank, Ltd.	111,590		1,586,288
Hanmi Financial Corp.	4,853		90,120
HarborOne Bancorp, Inc.	7,441		90,780
Heartland Financial USA, Inc.	6,487		248,841
Heritage Commerce Corp.	9,631		80,226
Heritage Financial Corp.	5,423		116,052
Hilltop Holdings, Inc.	7,939		235,550
Home Bancorp, Inc.	1,215		40,131
Home BancShares, Inc.	71,547		1,553,285
HomeStreet, Inc.	3,106		55,877
HomeTrust Bancshares, Inc.	2,759		67,844
Hope Bancorp, Inc.	18,488		181,552
Horizon Bancorp, Inc.	6,838		75,628
HSBC Holdings PLC	2,913,559		19,801,987
Huntington Bancshares, Inc.	158,663		1,777,026
Independent Bank Corp. (Massachusetts)	7,246		475,483
Independent Bank Corp. (Michigan)	3,464		61,555
Independent Bank Group, Inc.	5,724		265,307
ING Groep NV	543,736		6,457,047
International Bancshares Corp.	20,004		856,571
Intesa Sanpaolo SpA	2,355,044		6,044,081
Israel Discount Bank, Ltd., Class A	180,492		886,618
Japan Post Bank Company, Ltd.	60,200		491,681
John Marshall Bancorp, Inc.	1,961		42,358
JPMorgan Chase & Co.	322,502		42,025,236
KBC Group NV	36,496		2,507,668
Kearny Financial Corp.	10,337		83,936
KeyCorp	102,614		1,284,727
Lakeland Bancorp, Inc.	9,943		155,509
Lakeland Financial Corp.	3,843		240,726
Live Oak Bancshares, Inc.	5,415		131,964
Lloyds Banking Group PLC	9,816,563		5,771,619
Luther Burbank Corp.	2,341		22,193
M&T Bank Corp.	18,613		2,225,556
Macatawa Bank Corp.	5,177		52,909
Mediobanca Banca di Credito Finanziario SpA	86,631		870,548
Mercantile Bank Corp.	2,493		76,236
Metrocity Bankshares, Inc.	3,135		53,577
Metropolitan Bank Holding Corp. (A)	1,677		56,834
Mid Penn Bancorp, Inc.	2,432		62,284
Midland States Bancorp, Inc.	3,428		73,428
MidWestOne Financial Group, Inc.	2,413		58,925
Mitsubishi UFJ Financial Group, Inc.	1,744,168		11,177,794

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Mizrahi Tefahot Bank, Ltd.	22,513	$	705,756
Mizuho Financial Group, Inc.	351,950		4,986,275
MVB Financial Corp.	1,880		38,803
National Australia Bank, Ltd.	460,000		8,571,341
National Bank Holdings Corp., Class A	4,601		153,949
NatWest Group PLC	775,465		2,530,361
NBT Bancorp, Inc.	6,560		221,138
New York Community Bancorp, Inc.	149,287		1,349,554
Nicolet Bankshares, Inc. (A)	1,917		120,867
Nordea Bank ABP (Nasdaq Stockholm Exchange)	482,715		5,154,571
Northeast Bank	1,189		40,022
Northfield Bancorp, Inc.	7,144		84,156
Northwest Bancshares, Inc.	18,768		225,779
OceanFirst Financial Corp.	9,257		171,069
OFG Bancorp	7,204		179,668
Old National Bancorp	110,606		1,594,939
Old Second Bancorp, Inc.	7,010		98,561
Origin Bancorp, Inc.	3,579		115,065
Orrstown Financial Services, Inc.	2,089		41,488
Oversea-Chinese Banking Corp., Ltd.	494,024		4,605,184
Pacific Premier Bancorp, Inc.	15,026		360,925
PacWest Bancorp (C)	25,798		251,015
Park National Corp.	2,237		265,241
Parke Bancorp, Inc.	1,991		35,400
Pathward Financial, Inc.	4,655		193,136
PCB Bancorp	2,205		31,950
Peapack-Gladstone Financial Corp.	2,835		83,973
Peoples Bancorp, Inc.	4,442		114,382
Peoples Financial Services Corp.	1,123		48,682
Pinnacle Financial Partners, Inc.	16,765		924,757
Preferred Bank	2,086		114,334
Premier Financial Corp.	5,763		119,467
Primis Financial Corp.	4,372		42,102
Prosperity Bancshares, Inc.	20,011		1,231,077
Provident Bancorp, Inc.	2,915		19,939
Provident Financial Services, Inc.	11,585		222,200
QCR Holdings, Inc.	2,569		112,805
RBB Bancorp	2,526		39,153
Red River Bancshares, Inc.	769		36,997
Regions Financial Corp.	102,692		1,905,964
Renasant Corp.	8,790		268,798
Republic Bancorp, Inc., Class A	1,382		58,638
Resona Holdings, Inc.	315,246		1,520,791
S&T Bancorp, Inc.	6,129		192,757
Sandy Spring Bancorp, Inc.	7,046		183,055
Seacoast Banking Corp. of Florida	11,637		275,797
ServisFirst Bancshares, Inc.	7,994		436,712
Shizuoka Financial Group, Inc.	65,108		467,535
Shore Bancshares, Inc.	3,283		46,881
Sierra Bancorp	2,600		44,772
Silvergate Capital Corp., Class A (A)	5,037		8,160
Simmons First National Corp., Class A	19,488		340,845
Skandinaviska Enskilda Banken AB, A Shares (C)	235,780		2,602,601
SmartFinancial, Inc.	2,771		64,121
Societe Generale SA	117,806		2,654,328
South Plains Financial, Inc.	1,651		35,348
Southern First Bancshares, Inc. (A)	1,457		44,730
Southern Missouri Bancorp, Inc.	1,350		50,504
Southside Bancshares, Inc.	4,892		162,414
SouthState Corp.	28,480		2,029,485
Standard Chartered PLC	359,016		2,721,005
Stellar Bancorp, Inc.	7,175		176,577
Stock Yards Bancorp, Inc.	4,535		250,060

 

240

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Sumitomo Mitsui Financial Group, Inc.	190,558	$	7,625,667
Sumitomo Mitsui Trust Holdings, Inc.	48,383		1,662,244
Svenska Handelsbanken AB, A Shares (C)	212,821		1,843,212
Swedbank AB, A Shares (C)	132,136		2,172,926
Synovus Financial Corp.	31,883		982,953
Texas Capital Bancshares, Inc. (A)	18,585		909,922
The Bancorp, Inc. (A)	8,916		248,311
The Bank of NT Butterfield & Son, Ltd.	7,844		211,788
The Chiba Bank, Ltd.	77,364		499,328
The First Bancshares, Inc.	3,245		83,818
The First of Long Island Corp.	3,807		51,395
The Hingham Institution for Savings	243		56,726
The PNC Financial Services Group, Inc.	44,089		5,603,712
Third Coast Bancshares, Inc. (A)	2,438		38,301
Tompkins Financial Corp.	2,144		141,954
Towne Bank	10,785		287,420
TriCo Bancshares	4,927		204,914
Triumph Financial, Inc. (A)	3,826		222,138
Truist Financial Corp.	145,884		4,974,644
Trustmark Corp.	9,684		239,195
U.S. Bancorp	153,182		5,522,211
UMB Financial Corp.	16,526		953,881
UniCredit SpA	280,308		5,283,205
United Bankshares, Inc.	50,177		1,766,230
United Community Banks, Inc.	16,830		473,260
United Overseas Bank, Ltd.	172,239		3,863,155
Unity Bancorp, Inc.	1,401		31,957
Univest Financial Corp.	4,778		113,430
USCB Financial Holdings, Inc. (A)	2,270		22,450
Valley National Bancorp	161,155		1,489,072
Veritex Holdings, Inc.	8,476		154,772
Washington Federal, Inc.	10,284		309,754
Washington Trust Bancorp, Inc.	2,679		92,854
Webster Financial Corp.	38,133		1,503,203
Wells Fargo & Company	418,958		15,660,650
WesBanco, Inc.	9,168		281,458
West BanCorp, Inc.	3,081		56,290
Westamerica BanCorp	4,012		177,732
Westpac Banking Corp.	510,848		7,437,746
Wintrust Financial Corp.	13,316		971,402
WSFS Financial Corp.	9,885		371,775
Zions Bancorp NA	16,450		492,349
			382,497,048
Capital markets – 2.5%
3i Group PLC	142,010		2,959,982
abrdn PLC	295,931		744,819
Affiliated Managers Group, Inc.	8,255		1,175,677
Ameriprise Financial, Inc.	11,578		3,548,657
Amundi SA (B)	8,923		562,230
Artisan Partners Asset Management, Inc., Class A	9,622		307,712
AssetMark Financial Holdings, Inc. (A)	3,470		109,132
ASX, Ltd.	28,247		1,233,566
Avantax, Inc. (A)	7,603		200,111
B. Riley Financial, Inc. (C)	3,320		94,255
Bakkt Holdings, Inc. (A)(C)	11,838		20,361
BGC Partners, Inc., Class A	51,519		269,444
BlackRock, Inc.	16,465		11,017,061
Brightsphere Investment Group, Inc.	5,273		124,337
Cboe Global Markets, Inc.	11,664		1,565,775
CME Group, Inc.	39,551		7,574,808
Cohen & Steers, Inc.	4,070		260,317
Credit Suisse Group AG (C)	525,559		471,965
Daiwa Securities Group, Inc.	194,608		913,610

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Deutsche Bank AG	301,562	$	3,066,643
Deutsche Boerse AG	27,723		5,397,946
Diamond Hill Investment Group, Inc.	479		78,834
Donnelley Financial Solutions, Inc. (A)	4,145		169,365
Ellington Financial, Inc.	9,122		111,380
EQT AB	51,872		1,059,609
Euronext NV (B)	12,502		957,339
Evercore, Inc., Class A	7,830		903,425
FactSet Research Systems, Inc.	4,206		1,745,869
Federated Hermes, Inc.	32,104		1,288,655
Focus Financial Partners, Inc., Class A (A)	9,375		486,281
Franklin Resources, Inc.	31,358		844,785
Futu Holdings, Ltd., ADR (A)	8,700		451,095
GCM Grosvenor, Inc., Class A	6,948		54,264
Hamilton Lane, Inc., Class A	5,678		420,058
Hargreaves Lansdown PLC	51,905		514,195
Hong Kong Exchanges & Clearing, Ltd.	175,771		7,790,996
Houlihan Lokey, Inc.	7,964		696,770
Interactive Brokers Group, Inc., Class A	22,544		1,861,233
Intercontinental Exchange, Inc.	61,445		6,408,099
Invesco, Ltd.	50,005		820,082
Janus Henderson Group PLC	29,043		773,706
Japan Exchange Group, Inc.	73,300		1,121,041
Jefferies Financial Group, Inc.	39,650		1,258,491
Julius Baer Group, Ltd.	31,196		2,130,950
London Stock Exchange Group PLC	47,797		4,642,507
Macquarie Group, Ltd.	53,571		6,342,790
MarketAxess Holdings, Inc.	4,138		1,619,158
Moelis & Company, Class A	10,215		392,665
Moody's Corp.	17,323		5,301,184
Morgan Stanley	143,647		12,612,207
MSCI, Inc.	8,791		4,920,235
Nasdaq, Inc.	37,271		2,037,606
Nomura Holdings, Inc.	424,613		1,637,018
Northern Trust Corp.	22,916		2,019,587
Open Lending Corp., Class A (A)	17,590		123,834
Oppenheimer Holdings, Inc., Class A	1,293		50,621
Partners Group Holding AG	3,311		3,118,043
Perella Weinberg Partners	7,092		64,537
Piper Sandler Companies	2,715		376,326
PJT Partners, Inc., Class A	3,745		270,352
Raymond James Financial, Inc.	21,310		1,987,584
S&P Global, Inc.	36,195		12,478,950
SBI Holdings, Inc.	35,790		710,783
Schroders PLC	129,367		737,709
Sculptor Capital Management, Inc.	4,475		38,530
SEI Investments Company	22,345		1,285,955
Silvercrest Asset Management Group, Inc., Class A	1,687		30,670
Singapore Exchange, Ltd.	125,048		885,528
St. James's Place PLC	79,406		1,191,523
State Street Corp.	38,375		2,904,604
StepStone Group, Inc., Class A	8,581		208,261
Stifel Financial Corp.	23,087		1,364,211
StoneX Group, Inc. (A)	2,733		282,947
T. Rowe Price Group, Inc.	24,661		2,784,227
The Bank of New York Mellon Corp.	80,871		3,674,778
The Charles Schwab Corp.	167,706		8,784,440
The Goldman Sachs Group, Inc.	37,232		12,178,960
UBS Group AG	488,564		10,338,400
Victory Capital Holdings, Inc., Class A	2,622		76,746
Virtus Investment Partners, Inc.	1,121		213,427

 

241

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
WisdomTree, Inc.	22,254	$	130,408
			181,382,241
Consumer finance – 0.3%
American Express Company	65,458		10,797,297
Bread Financial Holdings, Inc.	7,955		241,196
Capital One Financial Corp.	41,923		4,031,316
Discover Financial Services	29,356		2,901,547
Encore Capital Group, Inc. (A)	3,647		183,991
Enova International, Inc. (A)	4,941		219,529
EZCORP, Inc., Class A (A)	8,319		71,543
FirstCash Holdings, Inc.	14,267		1,360,644
Green Dot Corp., Class A (A)	7,839		134,674
LendingClub Corp. (A)	16,813		121,222
LendingTree, Inc. (A)	1,878		50,067
Moneylion, Inc. (A)	22,870		12,986
Navient Corp.	38,959		622,954
Nelnet, Inc., Class A	2,231		205,007
NerdWallet, Inc., Class A (A)(C)	4,412		71,386
Oportun Financial Corp. (A)	5,301		20,462
PRA Group, Inc. (A)	6,251		243,539
PROG Holdings, Inc. (A)	8,161		194,150
Regional Management Corp.	1,258		32,821
SLM Corp.	52,749		653,560
Synchrony Financial	48,051		1,397,323
World Acceptance Corp. (A)	675		56,221
			23,623,435
Financial services – 2.9%
Adyen NV (A)(B)	3,164		5,041,606
Alerus Financial Corp.	2,712		43,528
A-Mark Precious Metals, Inc.	2,826		97,921
AvidXchange Holdings, Inc. (A)	23,675		184,665
Banco Latinoamericano de Comercio Exterior SA, Class E	4,409		76,628
Berkshire Hathaway, Inc., Class B (A)	198,097		61,166,411
Cannae Holdings, Inc. (A)	11,553		233,140
Cantaloupe, Inc. (A)	10,453		59,582
Cass Information Systems, Inc.	2,215		95,932
Compass Diversified Holdings	10,084		192,403
Edenred	36,417		2,155,329
Enact Holdings, Inc.	4,630		105,842
Essent Group, Ltd.	40,319		1,614,776
Eurazeo SE	6,358		452,565
Euronet Worldwide, Inc. (A)	10,325		1,155,368
EVERTEC, Inc.	9,854		332,573
EXOR NV (A)	15,824		1,304,839
Federal Agricultural Mortgage Corp., Class C	1,428		190,195
Fidelity National Information Services, Inc.	65,241		3,544,544
Fiserv, Inc. (A)	69,820		7,891,755
FleetCor Technologies, Inc. (A)	8,109		1,709,783
Flywire Corp. (A)	9,044		265,532
Global Payments, Inc.	28,925		3,044,067
GMO Payment Gateway, Inc.	6,100		528,122
Groupe Bruxelles Lambert NV	14,510		1,238,284
i3 Verticals, Inc., Class A (A)	3,530		86,591
Industrivarden AB, A Shares	19,028		514,280
Industrivarden AB, C Shares	22,467		605,808
International Money Express, Inc. (A)	5,161		133,051
Investor AB, A Shares	72,768		1,484,828
Investor AB, B Shares	265,835		5,295,588
Jack Henry & Associates, Inc.	8,025		1,209,528
Jackson Financial, Inc., Class A	11,689		437,285
Kinnevik AB, B Shares (A)	35,410		529,482
L.E. Lundbergforetagen AB, B Shares	11,089		502,192

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
M&G PLC	325,443	$	797,671
Marqeta, Inc., Class A (A)	69,889		319,393
Mastercard, Inc., Class A	92,766		33,712,092
Merchants Bancorp	2,593		67,522
MGIC Investment Corp.	64,304		862,960
Mitsubishi HC Capital, Inc.	96,296		497,248
MoneyGram International, Inc. (A)	14,974		156,029
Mr. Cooper Group, Inc. (A)	11,033		452,022
Nexi SpA (A)(B)	86,121		699,917
NMI Holdings, Inc., Class A (A)	13,280		296,542
ORIX Corp.	174,383		2,875,229
Payoneer Global, Inc. (A)	34,784		218,444
PayPal Holdings, Inc. (A)	124,393		9,446,404
Paysafe, Ltd. (A)	4,831		83,431
PennyMac Financial Services, Inc.	4,293		255,906
Radian Group, Inc.	24,783		547,704
Remitly Global, Inc. (A)	16,143		273,624
Repay Holdings Corp. (A)	14,685		96,480
Sofina SA	2,249		505,118
StoneCo, Ltd., Class A (A)	44,560		425,102
The Western Union Company	81,851		912,639
TrustCo Bank Corp. NY	3,014		96,267
Visa, Inc., Class A	178,661		40,280,909
Voya Financial, Inc.	21,257		1,519,025
Walker & Dunlop, Inc.	4,941		376,356
Waterstone Financial, Inc.	2,686		40,639
Wendel SE	3,888		411,116
WEX, Inc. (A)	9,553		1,756,701
Worldline SA (A)(B)	34,903		1,483,326
			202,989,839
Insurance – 3.1%
Admiral Group PLC	26,512		665,740
Aegon NV	261,617		1,123,163
Aflac, Inc.	61,558		3,971,722
Ageas SA/NV	23,531		1,017,911
AIA Group, Ltd.	1,725,135		18,092,103
Allianz SE	58,847		13,584,009
Ambac Financial Group, Inc. (A)	7,266		112,478
American Equity Investment Life Holding Company	11,300		412,337
American Financial Group, Inc.	15,310		1,860,165
American International Group, Inc.	81,690		4,113,908
AMERISAFE, Inc.	3,050		149,298
Aon PLC, Class A	22,583		7,120,194
Arch Capital Group, Ltd. (A)	40,667		2,760,069
Argo Group International Holdings, Ltd.	5,215		152,747
Arthur J. Gallagher & Company	23,319		4,461,158
Assicurazioni Generali SpA	162,073		3,229,239
Assurant, Inc.	5,809		697,487
Aviva PLC	408,995		2,042,985
AXA SA	274,453		8,375,639
Baloise Holding AG	6,683		1,040,652
Bright Health Group, Inc. (A)(C)	33,118		7,296
Brighthouse Financial, Inc. (A)	14,963		660,018
Brown & Brown, Inc.	25,844		1,483,962
BRP Group, Inc., Class A (A)	9,622		244,976
Chubb, Ltd.	45,634		8,861,210
Cincinnati Financial Corp.	17,282		1,936,967
CNO Financial Group, Inc.	43,172		957,987
Dai-ichi Life Holdings, Inc.	142,937		2,627,679
Donegal Group, Inc., Class A	2,702		41,287
eHealth, Inc. (A)	3,180		29,765
Employers Holdings, Inc.	4,331		180,559
Enstar Group, Ltd. (A)	1,785		413,745
Everest Re Group, Ltd.	4,306		1,541,634

 

242

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
First American Financial Corp.	22,691	$	1,262,981
Genworth Financial, Inc., Class A (A)	78,400		393,568
Gjensidige Forsikring ASA (C)	29,181		477,175
Globe Life, Inc.	9,946		1,094,259
Goosehead Insurance, Inc., Class A (A)	3,130		163,386
Greenlight Capital Re, Ltd., Class A (A)	5,223		49,044
Hannover Rueck SE	8,798		1,720,716
HCI Group, Inc.	1,147		61,479
Hippo Holdings, Inc. (A)	2,914		47,294
Horace Mann Educators Corp.	6,441		215,645
Insurance Australia Group, Ltd.	359,679		1,132,159
Investors Title Company	248		37,448
James River Group Holdings, Ltd.	6,039		124,705
Japan Post Holdings Company, Ltd.	346,900		2,815,430
Japan Post Insurance Company, Ltd.	29,200		455,107
Kemper Corp.	14,017		766,169
Kinsale Capital Group, Inc.	8,204		2,462,431
Legal & General Group PLC	871,501		2,577,555
Lemonade, Inc. (A)	7,541		107,535
Lincoln National Corp.	16,930		380,417
Loews Corp.	21,446		1,244,297
Marsh & McLennan Companies, Inc.	54,424		9,064,317
MBIA, Inc. (A)	7,847		72,663
Medibank Private, Ltd.	401,830		906,797
Mercury General Corp.	4,377		138,926
MetLife, Inc.	72,464		4,198,564
MS&AD Insurance Group Holdings, Inc.	62,551		1,938,509
Muenchener Rueckversicherungs-Gesellschaft AG	20,442		7,147,248
National Western Life Group, Inc., Class A	348		84,432
NN Group NV	40,709		1,478,140
Old Republic International Corp.	60,450		1,509,437
Oscar Health, Inc., Class A (A)	19,718		128,956
Palomar Holdings, Inc. (A)	3,882		214,286
Phoenix Group Holdings PLC	109,456		739,531
Poste Italiane SpA (B)	76,229		777,351
Primerica, Inc.	8,086		1,392,733
Principal Financial Group, Inc.	25,020		1,859,486
ProAssurance Corp.	8,690		160,591
Prudential Financial, Inc.	40,461		3,347,743
Prudential PLC	401,151		5,492,409
QBE Insurance Group, Ltd.	216,632		2,120,939
Reinsurance Group of America, Inc.	14,612		1,939,889
RenaissanceRe Holdings, Ltd.	9,581		1,919,458
RLI Corp.	15,082		2,004,549
Safety Insurance Group, Inc.	2,233		166,403
Sampo OYJ, A Shares	70,001		3,303,006
Selective Insurance Group, Inc.	22,737		2,167,518
SiriusPoint, Ltd. (A)	15,332		124,649
Sompo Holdings, Inc.	45,691		1,810,510
Stewart Information Services Corp.	4,345		175,321
Suncorp Group, Ltd.	184,442		1,498,614
Swiss Life Holding AG	4,498		2,775,745
Swiss Re AG	44,010		4,521,299
T&D Holdings, Inc.	77,325		958,356
The Allstate Corp.	28,916		3,204,182
The Hanover Insurance Group, Inc.	7,802		1,002,557
The Hartford Financial Services Group, Inc.	34,645		2,414,410
The Progressive Corp.	64,309		9,200,046
The Travelers Companies, Inc.	25,409		4,355,357
Tiptree, Inc.	4,434		64,603
Tokio Marine Holdings, Inc.	267,855		5,154,854
Trupanion, Inc. (A)	6,295		269,993

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Tryg A/S	52,536	$	1,148,729
United Fire Group, Inc.	3,499		92,898
Universal Insurance Holdings, Inc.	4,625		84,268
Unum Group	40,981		1,621,208
W.R. Berkley Corp.	22,396		1,394,375
Willis Towers Watson PLC	11,738		2,727,676
Zurich Insurance Group AG	21,954		10,520,326
			220,952,746
Mortgage real estate investment trusts – 0.1%
AFC Gamma, Inc.	2,855		34,717
Annaly Capital Management, Inc.	102,628		1,961,221
Apollo Commercial Real Estate Finance, Inc.	22,549		209,931
Arbor Realty Trust, Inc.	26,532		304,853
Ares Commercial Real Estate Corp.	8,209		74,620
ARMOUR Residential REIT, Inc.	18,885		99,146
Blackstone Mortgage Trust, Inc., Class A	26,974		481,486
BrightSpire Capital, Inc.	15,443		91,114
Broadmark Realty Capital, Inc.	21,441		100,773
Chimera Investment Corp.	37,724		212,763
Claros Mortgage Trust, Inc.	14,724		171,535
Dynex Capital, Inc.	7,077		85,773
Franklin BSP Realty Trust, Inc.	13,590		162,129
Granite Point Mortgage Trust, Inc.	8,902		44,154
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (C)	13,722		392,449
Invesco Mortgage Capital, Inc.	5,717		63,402
KKR Real Estate Finance Trust, Inc.	8,727		99,401
Ladder Capital Corp.	18,132		171,347
MFA Financial, Inc.	16,790		166,557
New York Mortgage Trust, Inc.	15,472		154,101
Orchid Island Capital, Inc.	6,099		65,442
PennyMac Mortgage Investment Trust	14,545		179,340
Ready Capital Corp.	11,671		118,694
Redwood Trust, Inc.	19,096		128,707
Starwood Property Trust, Inc.	67,844		1,200,160
TPG RE Finance Trust, Inc.	11,655		84,615
Two Harbors Investment Corp.	13,947		205,160
			7,063,590
			1,018,508,899
Health care – 13.1%
Biotechnology – 2.0%
2seventy bio, Inc. (A)	6,252		63,770
4D Molecular Therapeutics, Inc. (A)	5,137		88,305
Aadi Bioscience, Inc. (A)	2,411		17,456
AbbVie, Inc.	194,442		30,988,222
Absci Corp. (A)(C)	10,290		18,008
ACADIA Pharmaceuticals, Inc. (A)	19,264		362,548
Achillion Pharmaceuticals, Inc. (A)(D)	23,194		34,879
Adicet Bio, Inc. (A)	4,533		26,110
ADMA Biologics, Inc. (A)	29,862		98,843
Aduro Biotech, Inc. (A)(D)	2,435		4,919
Aerovate Therapeutics, Inc. (A)(C)	1,523		30,719
Affimed NV (A)	24,202		18,045
Agenus, Inc. (A)	48,502		73,723
Agios Pharmaceuticals, Inc. (A)	8,823		202,664
Akero Therapeutics, Inc. (A)	5,433		207,867
Albireo Pharma, Inc. (A)(D)	2,883		6,198
Alector, Inc. (A)	10,218		63,249
Alkermes PLC (A)	26,138		736,830
Allogene Therapeutics, Inc. (A)	12,924		63,845
Allovir, Inc. (A)	5,009		19,735
Alpine Immune Sciences, Inc. (A)	2,996		23,129
ALX Oncology Holdings, Inc. (A)	3,473		15,698

 

243

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Amgen, Inc.	58,710	$	14,193,143
Amicus Therapeutics, Inc. (A)	44,177		489,923
AnaptysBio, Inc. (A)	3,190		69,414
Anavex Life Sciences Corp. (A)(C)	11,166		95,693
Anika Therapeutics, Inc. (A)	2,422		69,560
Apellis Pharmaceuticals, Inc. (A)	14,996		989,136
Arbutus Biopharma Corp. (A)	18,169		55,052
Arcellx, Inc. (A)	4,787		147,487
Arcturus Therapeutics Holdings, Inc. (A)	3,737		89,576
Arcus Biosciences, Inc. (A)	8,233		150,170
Arcutis Biotherapeutics, Inc. (A)	6,601		72,611
Argenx SE (A)	8,072		2,997,581
Arrowhead Pharmaceuticals, Inc. (A)	40,232		1,021,893
Atara Biotherapeutics, Inc. (A)	15,306		44,387
Aura Biosciences, Inc. (A)	3,053		28,332
Aurinia Pharmaceuticals, Inc. (A)	21,472		235,333
Avid Bioservices, Inc. (A)	9,736		182,647
Avidity Biosciences, Inc. (A)	8,381		128,648
Beam Therapeutics, Inc. (A)	10,196		312,202
BioCryst Pharmaceuticals, Inc. (A)	29,735		247,990
Biogen, Inc. (A)	15,833		4,402,049
Biohaven, Ltd. (A)	9,928		135,616
Bioxcel Therapeutics, Inc. (A)	3,246		60,570
Bluebird Bio, Inc. (A)	13,199		41,973
Blueprint Medicines Corp. (A)	9,588		431,364
Bridgebio Pharma, Inc. (A)	16,936		280,799
C4 Therapeutics, Inc. (A)	7,117		22,347
CareDx, Inc. (A)	8,224		75,167
Caribou Biosciences, Inc. (A)	9,142		48,544
Catalyst Pharmaceuticals, Inc. (A)	15,310		253,840
Celldex Therapeutics, Inc. (A)	7,351		264,489
Celularity, Inc. (A)	11,796		7,310
Century Therapeutics, Inc. (A)	3,549		12,315
Cerevel Therapeutics Holdings, Inc. (A)	8,830		215,364
Chimerix, Inc. (A)	14,974		18,867
Chinook Therapeutics, Inc. (A)	7,940		183,811
Cogent Biosciences, Inc. (A)	10,312		111,266
Coherus Biosciences, Inc. (A)	12,009		82,142
Crinetics Pharmaceuticals, Inc. (A)	8,523		136,879
CSL, Ltd.	70,360		13,626,650
CTI BioPharma Corp. (A)	16,239		68,204
Cullinan Oncology, Inc. (A)	5,058		51,743
Cytokinetics, Inc. (A)	13,131		462,080
Day One Biopharmaceuticals, Inc. (A)	4,426		59,176
Deciphera Pharmaceuticals, Inc. (A)	7,222		111,580
Denali Therapeutics, Inc. (A)	17,106		394,122
Design Therapeutics, Inc. (A)	5,512		31,804
Dynavax Technologies Corp. (A)	19,009		186,478
Dyne Therapeutics, Inc. (A)	5,013		57,750
Eagle Pharmaceuticals, Inc. (A)	1,753		49,733
Editas Medicine, Inc. (A)	11,231		81,425
Emergent BioSolutions, Inc. (A)	8,139		84,320
Enanta Pharmaceuticals, Inc. (A)	3,160		127,790
EQRx, Inc. (A)	32,468		62,988
Erasca, Inc. (A)	10,714		32,249
Exelixis, Inc. (A)	71,022		1,378,537
Fate Therapeutics, Inc. (A)	13,387		76,306
FibroGen, Inc. (A)	14,055		262,266
Foghorn Therapeutics, Inc. (A)	3,495		21,669
Generation Bio Company (A)	8,275		35,583
Genmab A/S (A)	9,613		3,633,765
Geron Corp. (A)	57,593		124,977
Gilead Sciences, Inc.	137,106		11,375,685
Gossamer Bio, Inc. (A)	10,023		12,629

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
GreenLight Biosciences Holdings PBC (A)	12,616	$	5,455
Grifols SA (A)	43,524		430,811
Halozyme Therapeutics, Inc. (A)	51,126		1,952,502
Heron Therapeutics, Inc. (A)	17,053		25,750
HilleVax, Inc. (A)	2,619		43,292
Icosavax, Inc. (A)	3,656		21,205
Ideaya Biosciences, Inc. (A)	6,864		94,243
IGM Biosciences, Inc. (A)	1,754		24,100
ImmunityBio, Inc. (A)(C)	13,352		24,301
ImmunoGen, Inc. (A)	34,496		132,465
Immunovant, Inc. (A)	6,970		108,105
Incyte Corp. (A)	20,347		1,470,478
Inhibrx, Inc. (A)	5,114		96,501
Inovio Pharmaceuticals, Inc. (A)	40,545		33,247
Insmed, Inc. (A)	21,173		361,000
Intellia Therapeutics, Inc. (A)	13,415		499,977
Intercept Pharmaceuticals, Inc. (A)	3,967		53,277
Invivyd, Inc. (A)	8,414		10,097
Iovance Biotherapeutics, Inc. (A)	24,261		148,235
Ironwood Pharmaceuticals, Inc. (A)	21,774		229,062
iTeos Therapeutics, Inc. (A)	3,813		51,895
IVERIC bio, Inc. (A)	21,329		518,935
Janux Therapeutics, Inc. (A)	2,835		34,304
KalVista Pharmaceuticals, Inc. (A)	3,963		31,149
Karuna Therapeutics, Inc. (A)	4,800		871,872
Karyopharm Therapeutics, Inc. (A)	12,477		48,536
Keros Therapeutics, Inc. (A)	2,960		126,392
Kezar Life Sciences, Inc. (A)	8,525		26,683
Kiniksa Pharmaceuticals, Ltd., Class A (A)	5,052		54,360
Kinnate Biopharma, Inc. (A)	4,923		30,769
Kodiak Sciences, Inc. (A)	5,784		35,861
Krystal Biotech, Inc. (A)	3,396		271,884
Kura Oncology, Inc. (A)	10,098		123,499
Kymera Therapeutics, Inc. (A)	6,065		179,706
Lexicon Pharmaceuticals, Inc. (A)	14,599		35,476
Lyell Immunopharma, Inc. (A)	28,004		66,089
MacroGenics, Inc. (A)	9,830		70,481
Madrigal Pharmaceuticals, Inc. (A)	2,027		491,061
MannKind Corp. (A)	40,138		164,566
MeiraGTx Holdings PLC (A)	5,324		27,525
Mersana Therapeutics, Inc. (A)	14,676		60,318
MiMedx Group, Inc. (A)	19,043		64,937
Mirum Pharmaceuticals, Inc. (A)	2,916		70,042
Moderna, Inc. (A)	36,326		5,578,947
Monte Rosa Therapeutics, Inc. (A)	4,886		38,062
Morphic Holding, Inc. (A)	4,123		155,190
Myriad Genetics, Inc. (A)	12,813		297,646
Neurocrine Biosciences, Inc. (A)	21,167		2,142,524
Nkarta, Inc. (A)	5,286		18,765
Nurix Therapeutics, Inc. (A)	7,611		67,586
Nuvalent, Inc., Class A (A)	3,150		82,184
Ocugen, Inc. (A)(C)	36,052		30,756
Organogenesis Holdings, Inc. (A)	12,119		25,813
PDL BioPharma, Inc. (A)(D)	23,030		26,945
PepGen, Inc. (A)	2,358		28,838
PMV Pharmaceuticals, Inc. (A)	6,058		28,897
Point Biopharma Global, Inc. (A)	13,265		96,437
Precigen, Inc. (A)	17,851		18,922
Prime Medicine, Inc. (A)	1,275		15,683
Progenics Pharmaceuticals, Inc. (A)(D)	15,140		17,425
Prometheus Biosciences, Inc. (A)	5,510		591,333
Protagonist Therapeutics, Inc. (A)	7,658		176,134
Prothena Corp. PLC (A)	5,747		278,557

 

244

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
PTC Therapeutics, Inc. (A)	11,257	$	545,289
Radius Health, Inc. (A)(D)	8,191		655
Rallybio Corp. (A)	2,851		16,279
RAPT Therapeutics, Inc. (A)	4,123		75,657
Recursion Pharmaceuticals, Inc., Class A (A)	22,032		146,953
Regeneron Pharmaceuticals, Inc. (A)	11,820		9,712,139
REGENXBIO, Inc. (A)	6,467		122,291
Relay Therapeutics, Inc. (A)	13,153		216,630
Replimune Group, Inc. (A)	6,607		116,680
REVOLUTION Medicines, Inc. (A)	12,011		260,158
Rigel Pharmaceuticals, Inc. (A)	31,166		41,139
Rocket Pharmaceuticals, Inc. (A)	8,378		143,515
Sage Therapeutics, Inc. (A)	8,368		351,121
Sana Biotechnology, Inc. (A)(C)	14,728		48,161
Sangamo Therapeutics, Inc. (A)	21,079		37,099
Seres Therapeutics, Inc. (A)	11,391		64,587
Sorrento Therapeutics, Inc. (A)	61,822		22,256
SpringWorks Therapeutics, Inc. (A)	5,542		142,651
Stoke Therapeutics, Inc. (A)	3,764		31,354
Sutro Biopharma, Inc. (A)	8,315		38,415
Swedish Orphan Biovitrum AB (A)	24,862		579,299
Syndax Pharmaceuticals, Inc. (A)	8,563		180,851
Tango Therapeutics, Inc. (A)(C)	7,576		29,925
TG Therapeutics, Inc. (A)	21,714		326,579
Travere Therapeutics, Inc. (A)	9,785		220,065
Twist Bioscience Corp. (A)	9,030		136,172
Tyra Biosciences, Inc. (A)(C)	1,629		26,178
United Therapeutics Corp. (A)	9,988		2,236,912
Vanda Pharmaceuticals, Inc. (A)	9,003		61,130
Vaxart, Inc. (A)(C)	20,828		15,761
Vaxcyte, Inc. (A)	11,304		423,674
VBI Vaccines, Inc. (A)	35,315		10,700
Vera Therapeutics, Inc. (A)	2,283		17,716
Veracyte, Inc. (A)	11,530		257,119
Vericel Corp. (A)	7,589		222,509
Vertex Pharmaceuticals, Inc. (A)	28,267		8,906,084
Verve Therapeutics, Inc. (A)	7,504		108,208
Vir Biotechnology, Inc. (A)	11,591		269,723
Viridian Therapeutics, Inc. (A)	5,955		151,495
Xencor, Inc. (A)	9,249		257,955
Y-mAbs Therapeutics, Inc. (A)	7,231		36,227
Zentalis Pharmaceuticals, Inc. (A)	7,603		130,772
			139,654,931
Health care equipment and supplies – 2.6%
Abbott Laboratories	191,704		19,411,947
Alcon, Inc.	72,911		5,175,769
Align Technology, Inc. (A)	7,987		2,668,776
Alphatec Holdings, Inc. (A)	11,717		182,785
AngioDynamics, Inc. (A)	6,158		63,674
Artivion, Inc. (A)	6,439		84,351
Asahi Intecc Company, Ltd.	31,700		560,083
AtriCure, Inc. (A)	7,328		303,746
Atrion Corp.	215		135,001
Avanos Medical, Inc. (A)	7,419		220,641
Axogen, Inc. (A)	6,492		61,349
Axonics, Inc. (A)	7,828		427,096
Baxter International, Inc.	55,488		2,250,593
Becton, Dickinson and Company	31,215		7,726,961
BioMerieux	6,110		644,093
Bioventus, Inc., Class A (A)	5,383		5,760
Boston Scientific Corp. (A)	157,481		7,878,774
Butterfly Network, Inc. (A)	21,641		40,685
Cardiovascular Systems, Inc. (A)	6,570		130,480
Carl Zeiss Meditec AG, Bearer Shares	5,873		818,059

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Cerus Corp. (A)	28,150	$	83,606
Cochlear, Ltd.	9,598		1,528,005
Coloplast A/S, B Shares	17,334		2,282,320
CONMED Corp.	4,653		483,261
Cue Health, Inc. (A)	18,209		33,140
Cutera, Inc. (A)	2,627		62,050
Demant A/S (A)	13,446		472,041
Dentsply Sirona, Inc.	23,629		928,147
DexCom, Inc. (A)	42,486		4,936,023
DiaSorin SpA	3,674		387,173
Edwards Lifesciences Corp. (A)	67,977		5,623,737
Embecta Corp.	9,352		262,978
Enovis Corp. (A)	10,442		558,543
Envista Holdings Corp. (A)	35,765		1,462,073
EssilorLuxottica SA	42,433		7,651,636
Figs, Inc., Class A (A)	20,664		127,910
Fisher & Paykel Healthcare Corp., Ltd.	84,271		1,408,749
GE HealthCare Technologies, Inc. (A)	39,922		3,274,802
Getinge AB, B Shares	33,375		813,959
Glaukos Corp. (A)	7,311		366,281
Globus Medical, Inc., Class A (A)	17,062		966,392
Haemonetics Corp. (A)	19,154		1,584,994
Heska Corp. (A)	1,587		154,923
Hologic, Inc. (A)	27,108		2,187,616
Hoya Corp.	52,107		5,758,461
ICU Medical, Inc. (A)	4,415		728,298
IDEXX Laboratories, Inc. (A)	9,106		4,553,728
Inari Medical, Inc. (A)	18,298		1,129,719
Inogen, Inc. (A)	3,792		47,324
Inspire Medical Systems, Inc. (A)	4,511		1,055,890
Insulet Corp. (A)	7,636		2,435,579
Integer Holdings Corp. (A)	5,272		408,580
Integra LifeSciences Holdings Corp. (A)	15,923		914,139
Intuitive Surgical, Inc. (A)	38,525		9,841,982
iRadimed Corp.	1,197		47,102
iRhythm Technologies, Inc. (A)	4,772		591,871
Koninklijke Philips NV	129,759		2,383,268
Lantheus Holdings, Inc. (A)	25,993		2,145,982
LeMaitre Vascular, Inc.	3,120		160,586
LivaNova PLC (A)	20,340		886,417
Masimo Corp. (A)	10,598		1,955,755
Medtronic PLC	146,251		11,790,756
Merit Medical Systems, Inc. (A)	8,921		659,708
Mesa Laboratories, Inc.	824		143,978
Nano-X Imaging, Ltd. (A)(C)	7,475		43,131
Neogen Corp. (A)	80,250		1,486,230
Nevro Corp. (A)	5,615		202,982
NuVasive, Inc. (A)	8,374		345,930
Olympus Corp.	178,208		3,129,822
Omnicell, Inc. (A)	16,828		987,299
OraSure Technologies, Inc. (A)	11,757		71,130
Orthofix Medical, Inc. (A)	5,976		100,098
OrthoPediatrics Corp. (A)	2,418		107,093
Outset Medical, Inc. (A)	7,872		144,845
Paragon 28, Inc. (A)	7,310		124,782
Penumbra, Inc. (A)	8,323		2,319,537
PROCEPT BioRobotics Corp. (A)	4,089		116,128
Pulmonx Corp. (A)	5,698		63,704
QuidelOrtho Corp. (A)	11,724		1,044,491
ResMed, Inc.	16,152		3,537,126
RxSight, Inc. (A)	3,583		59,764
Senseonics Holdings, Inc. (A)(C)	74,269		52,731
Shockwave Medical, Inc. (A)	13,616		2,952,357
SI-BONE, Inc. (A)	5,455		107,300
Siemens Healthineers AG (B)	41,146		2,372,149

 

245

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Sight Sciences, Inc. (A)	3,832	$	33,492
Silk Road Medical, Inc. (A)	5,733		224,332
Smith & Nephew PLC	127,042		1,765,951
Sonova Holding AG	7,585		2,237,488
STAAR Surgical Company (A)	18,242		1,166,576
STERIS PLC	10,916		2,088,012
Straumann Holding AG	16,286		2,442,648
Stryker Corp.	37,070		10,582,373
Surmodics, Inc. (A)	2,275		51,825
Sysmex Corp.	24,479		1,606,594
Tactile Systems Technology, Inc. (A)	3,567		58,570
Teleflex, Inc.	5,157		1,306,320
Terumo Corp.	94,234		2,548,588
The Cooper Companies, Inc.	5,426		2,025,851
TransMedics Group, Inc. (A)	4,886		370,017
Treace Medical Concepts, Inc. (A)	5,303		133,583
UFP Technologies, Inc. (A)	1,073		139,318
Utah Medical Products, Inc.	569		53,924
Varex Imaging Corp. (A)	6,214		113,033
Vicarious Surgical, Inc. (A)(C)	9,803		22,253
ViewRay, Inc. (A)	24,117		83,445
Zimmer Biomet Holdings, Inc.	23,073		2,981,032
Zimvie, Inc. (A)	3,627		26,223
Zynex, Inc. (A)	3,544		42,528
			185,542,710
Health care providers and services – 2.0%
23andMe Holding Company, Class A (A)(C)	42,616		97,164
Acadia Healthcare Company, Inc. (A)	19,937		1,440,448
Accolade, Inc. (A)	10,671		153,449
AdaptHealth Corp. (A)	11,567		143,778
Addus HomeCare Corp. (A)	2,480		264,765
Agiliti, Inc. (A)	4,569		73,013
Alignment Healthcare, Inc. (A)	14,795		94,096
Amedisys, Inc. (A)	7,121		523,750
AmerisourceBergen Corp.	17,790		2,848,357
AMN Healthcare Services, Inc. (A)	6,911		573,337
Amplifon SpA	18,168		629,712
Apollo Medical Holdings, Inc. (A)	6,279		228,995
Brookdale Senior Living, Inc. (A)	30,057		88,668
Cano Health, Inc. (A)	26,667		24,267
Cardinal Health, Inc.	28,327		2,138,689
CareMax, Inc. (A)	9,560		25,525
Castle Biosciences, Inc. (A)	4,056		92,152
Centene Corp. (A)	60,555		3,827,682
Chemed Corp.	3,259		1,752,527
Clover Health Investments Corp. (A)	63,910		54,010
Community Health Systems, Inc. (A)	20,953		102,670
CorVel Corp. (A)	1,429		271,910
Cross Country Healthcare, Inc. (A)	5,865		130,907
CVS Health Corp.	141,186		10,491,532
DaVita, Inc. (A)	6,043		490,148
DocGo, Inc. (A)	12,997		112,424
EBOS Group, Ltd.	23,644		688,987
Elevance Health, Inc.	26,259		12,074,151
Encompass Health Corp.	21,868		1,183,059
Fresenius Medical Care AG & Company KGaA	29,968		1,271,969
Fresenius SE & Company KGaA	61,636		1,664,371
Fulgent Genetics, Inc. (A)	3,492		109,020
HCA Healthcare, Inc.	23,313		6,147,172
HealthEquity, Inc. (A)	31,825		1,868,446
Henry Schein, Inc. (A)	14,903		1,215,191
Hims & Hers Health, Inc. (A)	19,946		197,864
Humana, Inc.	13,741		6,670,706

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Invitae Corp. (A)	39,220	$	52,947
Laboratory Corp. of America Holdings	9,741		2,234,780
LifeStance Health Group, Inc. (A)	11,674		86,738
McKesson Corp.	15,056		5,360,689
ModivCare, Inc. (A)	2,037		171,271
Molina Healthcare, Inc. (A)	6,421		1,717,553
National HealthCare Corp.	2,062		119,740
National Research Corp.	2,253		98,028
NeoGenomics, Inc. (A)	20,776		361,710
NMC Health PLC (A)	19,536		43
OPKO Health, Inc. (A)	66,354		96,877
Option Care Health, Inc. (A)	61,726		1,961,035
Owens & Minor, Inc. (A)	11,871		172,723
Patterson Companies, Inc.	32,824		878,698
Pediatrix Medical Group, Inc. (A)	13,443		200,435
PetIQ, Inc. (A)	4,816		55,095
Privia Health Group, Inc. (A)	7,166		197,853
Progyny, Inc. (A)	28,498		915,356
Quest Diagnostics, Inc.	12,204		1,726,622
R1 RCM, Inc. (A)	54,266		813,990
RadNet, Inc. (A)	8,154		204,095
Ramsay Health Care, Ltd.	26,717		1,193,799
Select Medical Holdings Corp.	16,741		432,755
Sonic Healthcare, Ltd.	66,635		1,562,121
Surgery Partners, Inc. (A)	7,653		263,799
Tenet Healthcare Corp. (A)	23,695		1,407,957
The Cigna Group	32,839		8,391,350
The Ensign Group, Inc.	8,615		823,077
The Joint Corp. (A)	2,548		42,883
The Pennant Group, Inc. (A)	4,214		60,176
UnitedHealth Group, Inc.	102,730		48,549,171
Universal Health Services, Inc., Class B	7,054		896,563
US Physical Therapy, Inc.	2,077		203,359
			141,018,199
Health care technology – 0.0%
American Well Corp., Class A (A)	36,876		87,027
Computer Programs and Systems, Inc. (A)	2,353		71,061
Evolent Health, Inc., Class A (A)	13,117		425,647
Health Catalyst, Inc. (A)	9,278		108,274
HealthStream, Inc. (A)	3,868		104,823
M3, Inc.	64,386		1,620,534
MultiPlan Corp. (A)	60,963		64,621
NextGen Healthcare, Inc. (A)	8,975		156,255
Nutex Health, Inc. (A)	38,816		39,204
OptimizeRx Corp. (A)	3,055		44,695
Pear Therapeutics, Inc. (A)	11,658		2,973
Phreesia, Inc. (A)	7,917		255,640
Schrodinger, Inc. (A)	8,737		230,045
Sharecare, Inc. (A)	48,585		68,991
Simulations Plus, Inc.	2,511		110,333
Veradigm, Inc. (A)	17,515		228,571
			3,618,694
Life sciences tools and services – 1.3%
AbCellera Biologics, Inc. (A)	33,171		250,109
Adaptive Biotechnologies Corp. (A)	18,288		161,483
Agilent Technologies, Inc.	32,529		4,500,062
Akoya Biosciences, Inc. (A)	2,547		20,834
Azenta, Inc. (A)	15,144		675,725
Bachem Holding AG	4,842		486,922
BioLife Solutions, Inc. (A)	5,379		116,993
Bionano Genomics, Inc. (A)(C)	46,787		51,934
Bio-Rad Laboratories, Inc., Class A (A)	2,367		1,133,840
Bio-Techne Corp.	17,292		1,282,893
Bruker Corp.	21,918		1,728,015

 

246

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Charles River Laboratories International, Inc. (A)	5,594	$	1,128,981
Codexis, Inc. (A)	10,651		44,095
CryoPort, Inc. (A)	7,073		169,752
Cytek Biosciences, Inc. (A)	18,347		168,609
Danaher Corp.	72,068		18,164,019
Eurofins Scientific SE	19,667		1,316,896
Illumina, Inc. (A)	17,295		4,021,952
Inotiv, Inc. (A)	2,885		12,492
IQVIA Holdings, Inc. (A)	20,417		4,060,737
Lonza Group AG	10,866		6,541,326
MaxCyte, Inc. (A)	14,299		70,780
Medpace Holdings, Inc. (A)	9,579		1,801,331
Mettler-Toledo International, Inc. (A)	2,431		3,719,941
NanoString Technologies, Inc. (A)	7,731		76,537
OmniAb, Inc. (A)	12,504		46,015
OmniAb, Inc., $12.50 Earnout Shares (A)(D)	967		0
OmniAb, Inc., $15.00 Earnout Shares (A)(D)	967		0
Pacific Biosciences of California, Inc. (A)	36,313		420,505
PerkinElmer, Inc.	13,888		1,850,715
PhenomeX, Inc. (A)	10,771		12,494
QIAGEN NV (A)	33,224		1,513,236
Quanterix Corp. (A)	5,546		62,503
Quantum-Si, Inc. (A)	15,902		27,988
Repligen Corp. (A)	11,316		1,905,162
Sartorius Stedim Biotech	4,035		1,237,918
Seer, Inc. (A)	8,754		33,790
Singular Genomics Systems, Inc. (A)	11,256		13,620
SomaLogic, Inc. (A)	25,228		64,331
Sotera Health Company (A)	21,638		387,537
Syneos Health, Inc. (A)	22,551		803,267
Thermo Fisher Scientific, Inc.	43,121		24,853,651
Waters Corp. (A)	6,532		2,022,503
West Pharmaceutical Services, Inc.	8,140		2,820,266
			89,781,759
Pharmaceuticals – 5.2%
Aclaris Therapeutics, Inc. (A)	10,441		84,468
Amneal Pharmaceuticals, Inc. (A)	18,162		25,245
Amphastar Pharmaceuticals, Inc. (A)	6,070		227,625
Amylyx Pharmaceuticals, Inc. (A)	7,837		229,938
AN2 Therapeutics, Inc. (A)	1,563		15,427
ANI Pharmaceuticals, Inc. (A)	2,032		80,711
Arvinas, Inc. (A)	7,813		213,451
Astellas Pharma, Inc.	267,847		3,805,387
AstraZeneca PLC	226,089		31,325,596
Atea Pharmaceuticals, Inc. (A)	12,621		42,280
Axsome Therapeutics, Inc. (A)	5,068		312,594
Bayer AG	143,345		9,157,108
Bristol-Myers Squibb Company	233,768		16,202,460
Cara Therapeutics, Inc. (A)	7,427		36,467
Cassava Sciences, Inc. (A)(C)	6,114		147,470
Catalent, Inc. (A)	19,801		1,301,124
Chugai Pharmaceutical Company, Ltd.	98,002		2,419,925
CinCor Pharma, Inc. (A)(D)	3,771		11,539
Collegium Pharmaceutical, Inc. (A)	5,516		132,329
Corcept Therapeutics, Inc. (A)	13,602		294,619
Daiichi Sankyo Company, Ltd.	255,658		9,325,799
DICE Therapeutics, Inc. (A)	5,532		158,492
Edgewise Therapeutics, Inc. (A)	5,478		36,538
Eisai Company, Ltd.	36,768		2,088,407
Eli Lilly & Company	86,711		29,778,292
Esperion Therapeutics, Inc. (A)	11,032		17,541

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Evolus, Inc. (A)	5,845	$	49,449
EyePoint Pharmaceuticals, Inc. (A)(C)	4,753		13,974
Fulcrum Therapeutics, Inc. (A)	6,863		19,560
GSK PLC	593,470		10,486,207
Harmony Biosciences Holdings, Inc. (A)	4,180		136,477
Hikma Pharmaceuticals PLC	24,100		499,528
Innoviva, Inc. (A)	10,188		114,615
Intra-Cellular Therapies, Inc. (A)	14,675		794,651
Ipsen SA	5,503		605,946
Jazz Pharmaceuticals PLC (A)	13,799		2,019,208
Johnson & Johnson	287,459		44,556,145
Kyowa Kirin Company, Ltd.	39,359		859,267
Ligand Pharmaceuticals, Inc. (A)	2,441		179,560
Liquidia Corp. (A)	8,087		55,881
Merck & Company, Inc.	278,763		29,657,596
Merck KGaA	18,858		3,515,787
Nektar Therapeutics (A)	30,100		21,157
NGM Biopharmaceuticals, Inc. (A)	7,041		28,727
Nippon Shinyaku Company, Ltd.	7,200		317,701
Novartis AG	315,653		28,982,791
Novo Nordisk A/S, B Shares	241,544		38,362,322
Nuvation Bio, Inc. (A)	20,531		34,081
Ocular Therapeutix, Inc. (A)	12,998		68,499
Ono Pharmaceutical Company, Ltd.	52,800		1,100,256
Organon & Company	27,966		657,760
Orion OYJ, Class B	15,599		697,243
Otsuka Holdings Company, Ltd.	56,993		1,809,505
Pacira BioSciences, Inc. (A)	7,191		293,465
Perrigo Company PLC	29,506		1,058,380
Pfizer, Inc.	617,176		25,180,781
Phathom Pharmaceuticals, Inc. (A)(C)	3,757		26,825
Phibro Animal Health Corp., Class A	3,632		55,642
Prestige Consumer Healthcare, Inc. (A)	7,934		496,906
Provention Bio, Inc. (A)	9,875		237,988
Reata Pharmaceuticals, Inc., Class A (A)	4,489		408,140
Recordati Industria Chimica e Farmaceutica SpA	15,257		645,361
Relmada Therapeutics, Inc. (A)	4,694		10,608
Revance Therapeutics, Inc. (A)	12,517		403,173
Roche Holding AG	102,510		29,291,460
Roche Holding AG, Bearer Shares	3,892		1,169,510
Sanofi	166,445		18,055,740
Scilex Holding Company (A)	8,717		71,479
Shionogi & Company, Ltd.	38,611		1,741,568
SIGA Technologies, Inc.	7,486		43,045
Supernus Pharmaceuticals, Inc. (A)	7,831		283,717
Takeda Pharmaceutical Company, Ltd.	219,298		7,202,523
Tarsus Pharmaceuticals, Inc. (A)	3,116		39,168
Teva Pharmaceutical Industries, Ltd., ADR (A)	162,008		1,433,771
Theravance Biopharma, Inc. (A)	10,410		112,949
UCB SA	18,447		1,648,721
Ventyx Biosciences, Inc. (A)	3,842		128,707
Viatris, Inc.	133,334		1,282,673
Xeris Biopharma Holdings, Inc. (A)	23,089		37,635
Zoetis, Inc.	51,244		8,529,051
			373,003,711
			932,620,004
Industrials – 11.8%
Aerospace and defense – 1.6%
AAR Corp. (A)	5,427		296,043
Aerojet Rocketdyne Holdings, Inc. (A)	12,683		712,404
AeroVironment, Inc. (A)	3,965		363,432
AerSale Corp. (A)	2,553		43,963
Airbus SE	86,255		11,520,861

 

247

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Archer Aviation, Inc., Class A (A)	23,990	$	68,611
Astronics Corp. (A)	4,643		62,030
Axon Enterprise, Inc. (A)	14,816		3,331,378
BAE Systems PLC	450,718		5,451,940
Cadre Holdings, Inc.	3,107		66,925
Curtiss-Wright Corp.	8,395		1,479,703
Dassault Aviation SA	3,654		722,871
Ducommun, Inc. (A)	1,852		101,323
Elbit Systems, Ltd.	3,882		661,145
General Dynamics Corp.	24,742		5,646,372
Hexcel Corp.	18,471		1,260,646
Howmet Aerospace, Inc.	40,483		1,715,265
Huntington Ingalls Industries, Inc.	4,382		907,162
Kaman Corp.	4,601		105,179
Kongsberg Gruppen ASA	12,936		522,908
Kratos Defense & Security Solutions, Inc. (A)	20,144		271,541
L3Harris Technologies, Inc.	20,935		4,108,284
Lockheed Martin Corp.	24,982		11,809,741
Maxar Technologies, Inc.	11,894		607,308
Mercury Systems, Inc. (A)	12,734		650,962
Moog, Inc., Class A	4,585		461,939
MTU Aero Engines AG	7,797		1,951,119
National Presto Industries, Inc.	885		63,800
Northrop Grumman Corp.	15,818		7,303,487
Park Aerospace Corp.	3,411		45,878
Parsons Corp. (A)	5,317		237,883
Raytheon Technologies Corp.	161,070		15,773,585
Rheinmetall AG	6,356		1,882,965
Rocket Lab USA, Inc. (A)(C)	34,940		141,158
Rolls-Royce Holdings PLC (A)	1,220,916		2,248,758
Safran SA	49,871		7,382,733
Singapore Technologies Engineering, Ltd.	227,852		627,244
Textron, Inc.	22,954		1,621,241
Thales SA	15,569		2,301,826
The Boeing Company (A)	61,829		13,134,334
TransDigm Group, Inc.	5,703		4,203,396
Triumph Group, Inc. (A)	10,553		122,309
V2X, Inc. (A)	1,896		75,309
Virgin Galactic Holdings, Inc. (A)(C)	37,252		150,871
Woodward, Inc.	13,089		1,274,476
			113,492,308
Air freight and logistics – 0.6%
Air Transport Services Group, Inc. (A)	9,254		192,761
CH Robinson Worldwide, Inc.	12,942		1,286,047
Deutsche Post AG	144,632		6,773,932
DSV A/S	27,314		5,296,114
Expeditors International of Washington, Inc.	17,497		1,926,770
FedEx Corp.	25,531		5,833,578
Forward Air Corp.	4,280		461,213
GXO Logistics, Inc. (A)	25,999		1,311,910
Hub Group, Inc., Class A (A)	5,127		430,360
Nippon Express Holdings, Inc.	11,246		678,588
Radiant Logistics, Inc. (A)	6,551		42,975
SG Holdings Company, Ltd.	42,000		622,783
United Parcel Service, Inc., Class B	80,243		15,566,340
Yamato Holdings Company, Ltd.	41,593		713,955
			41,137,326
Building products – 0.9%
A.O. Smith Corp.	13,949		964,573
AAON, Inc.	7,013		678,087
Advanced Drainage Systems, Inc.	13,707		1,154,266
AGC, Inc.	28,176		1,050,427

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Allegion PLC	9,658	$	1,030,798
American Woodmark Corp. (A)	2,684		139,756
Apogee Enterprises, Inc.	3,540		153,105
Assa Abloy AB, B Shares	146,244		3,502,905
AZZ, Inc.	3,965		163,517
Builders FirstSource, Inc. (A)	32,253		2,863,421
Caesarstone, Ltd.	4,060		16,768
Carlisle Companies, Inc.	11,333		2,562,051
Carrier Global Corp.	91,718		4,196,099
Cie de Saint-Gobain	71,491		4,063,803
CSW Industrials, Inc.	2,326		323,151
Daikin Industries, Ltd.	36,397		6,529,860
Fortune Brands Innovations, Inc.	28,104		1,650,548
Geberit AG	5,234		2,922,912
Gibraltar Industries, Inc. (A)	5,044		244,634
Griffon Corp.	7,352		235,338
Insteel Industries, Inc.	3,068		85,352
Janus International Group, Inc. (A)	13,230		130,448
JELD-WEN Holding, Inc. (A)	13,632		172,581
Johnson Controls International PLC	75,560		4,550,223
Kingspan Group PLC	22,536		1,544,286
Lennox International, Inc.	7,074		1,777,555
Lixil Corp.	41,850		690,770
Masco Corp.	24,760		1,231,067
Masonite International Corp. (A)	3,564		323,504
Nibe Industrier AB, B Shares	221,125		2,520,631
Owens Corning	20,481		1,962,080
PGT Innovations, Inc. (A)	9,243		232,092
Quanex Building Products Corp.	5,332		114,798
Resideo Technologies, Inc. (A)	23,185		423,822
ROCKWOOL A/S, B Shares	1,327		325,404
Simpson Manufacturing Company, Inc.	16,198		1,775,949
TOTO, Ltd.	20,700		693,527
Trane Technologies PLC	25,186		4,633,720
Trex Company, Inc. (A)	24,049		1,170,465
UFP Industries, Inc.	23,053		1,832,022
View, Inc. (A)	21,060		10,530
Xinyi Glass Holdings, Ltd.	270,000		483,002
Zurn Elkay Water Solutions Corp.	19,868		424,380
			61,554,227
Commercial services and supplies – 0.5%
ABM Industries, Inc.	10,611		476,858
ACCO Brands Corp.	15,227		81,008
ACV Auctions, Inc., Class A (A)	18,691		241,301
Aris Water Solutions, Inc., Class A	3,585		27,927
Brady Corp., Class A	7,153		384,331
Brambles, Ltd.	202,619		1,826,863
BrightView Holdings, Inc. (A)	7,692		43,229
Casella Waste Systems, Inc., Class A (A)	7,966		658,470
Cimpress PLC (A)	3,018		132,249
Cintas Corp.	9,497		4,394,072
Clean Harbors, Inc. (A)	11,021		1,571,154
Copart, Inc. (A)	47,132		3,544,798
CoreCivic, Inc. (A)	18,658		171,654
Dai Nippon Printing Company, Ltd.	32,373		906,395
Deluxe Corp.	7,031		112,496
Ennis, Inc.	4,178		88,114
Harsco Corp. (A)	13,166		89,924
Healthcare Services Group, Inc.	11,922		165,358
Heritage-Crystal Clean, Inc. (A)	2,558		91,090
HNI Corp.	6,525		181,656
Interface, Inc.	9,593		77,895
KAR Auction Services, Inc. (A)	17,661		241,602
Kimball International, Inc., Class B	6,911		85,696
Li-Cycle Holdings Corp. (A)(C)	22,316		125,639

 

248

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Liquidity Services, Inc. (A)	3,920	$	51,626
Matthews International Corp., Class A	4,919		177,379
MillerKnoll, Inc.	12,333		252,210
Montrose Environmental Group, Inc. (A)	4,446		158,589
MSA Safety, Inc.	8,075		1,078,013
Pitney Bowes, Inc.	28,428		110,585
Rentokil Initial PLC	367,698		2,687,336
Republic Services, Inc.	22,583		3,053,673
Rollins, Inc.	25,449		955,101
Secom Company, Ltd.	30,655		1,889,196
Securitas AB, B Shares	71,795		638,662
SP Plus Corp. (A)	3,287		112,711
Steelcase, Inc., Class A	14,407		121,307
Stericycle, Inc. (A)	20,202		881,009
Tetra Tech, Inc.	11,664		1,713,558
The Brink's Company	17,445		1,165,326
The GEO Group, Inc. (A)	18,685		147,425
Toppan, Inc.	38,262		771,069
UniFirst Corp.	2,368		417,313
Viad Corp. (A)	3,307		68,918
VSE Corp.	1,747		78,440
Waste Management, Inc.	40,837		6,663,373
			38,912,598
Construction and engineering – 0.5%
ACS Actividades de Construccion y Servicios SA	31,632		1,007,470
AECOM	30,450		2,567,544
Ameresco, Inc., Class A (A)	5,100		251,022
API Group Corp. (A)	33,208		746,516
Arcosa, Inc.	7,694		485,568
Argan, Inc.	2,060		83,368
Bouygues SA	32,785		1,105,709
Comfort Systems USA, Inc.	5,641		823,360
Concrete Pumping Holdings, Inc. (A)	4,754		32,327
Construction Partners, Inc., Class A (A)	6,404		172,524
Dycom Industries, Inc. (A)	4,606		431,352
Eiffage SA	12,154		1,315,257
EMCOR Group, Inc.	17,942		2,917,190
Ferrovial SA	71,101		2,093,738
Fluor Corp. (A)	53,901		1,666,080
Granite Construction, Inc.	7,097		291,545
Great Lakes Dredge & Dock Corp. (A)	10,880		59,078
IES Holdings, Inc. (A)	1,427		61,489
Kajima Corp.	61,685		744,380
MasTec, Inc. (A)	12,985		1,226,303
MDU Resources Group, Inc.	44,564		1,358,311
MYR Group, Inc. (A)	2,609		328,760
Northwest Pipe Company (A)	1,584		49,468
Obayashi Corp.	94,715		724,801
Primoris Services Corp.	8,520		210,103
Quanta Services, Inc.	15,712		2,618,248
Shimizu Corp.	80,529		456,376
Skanska AB, B Shares (C)	49,640		760,320
Sterling Infrastructure, Inc. (A)	4,705		178,225
Taisei Corp.	26,373		815,951
Tutor Perini Corp. (A)	7,357		45,393
Valmont Industries, Inc.	4,675		1,492,634
Vinci SA	78,527		9,002,518
			36,122,928
Electrical equipment – 1.1%
ABB, Ltd.	229,340		7,889,640
Acuity Brands, Inc.	7,024		1,283,496
Allied Motion Technologies, Inc.	2,230		86,190
AMETEK, Inc.	25,250		3,669,583
Array Technologies, Inc. (A)	24,195		529,387

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Atkore, Inc. (A)	6,581	$	924,499
Babcock & Wilcox Enterprises, Inc. (A)	10,377		62,885
Blink Charging Company (A)	5,819		50,334
Bloom Energy Corp., Class A (A)	28,241		562,843
Eaton Corp. PLC	43,727		7,492,184
Emerson Electric Company	62,825		5,474,571
Encore Wire Corp.	2,812		521,148
Energy Vault Holdings, Inc. (A)(C)	11,075		23,701
EnerSys	15,455		1,342,730
Enovix Corp. (A)(C)	17,447		260,135
ESS Tech, Inc. (A)	13,893		19,311
Fluence Energy, Inc. (A)	5,779		117,025
FuelCell Energy, Inc. (A)(C)	63,320		180,462
Fuji Electric Company, Ltd.	18,540		732,150
Generac Holdings, Inc. (A)	6,966		752,398
GrafTech International, Ltd.	31,390		152,555
Hubbell, Inc.	11,746		2,857,919
Legrand SA	38,931		3,557,216
Mitsubishi Electric Corp.	281,997		3,369,900
Nidec Corp. (C)	65,286		3,397,547
NuScale Power Corp. (A)(C)	5,239		47,623
nVent Electric PLC	36,507		1,567,611
Powell Industries, Inc.	1,510		64,311
Preformed Line Products Company	431		55,185
Prysmian SpA	37,168		1,560,711
Regal Rexnord Corp.	14,497		2,040,163
Rockwell Automation, Inc.	12,620		3,703,339
Schneider Electric SE	79,161		13,229,685
Shoals Technologies Group, Inc., Class A (A)	21,536		490,805
Siemens Energy AG (A)	63,615		1,402,804
Stem, Inc. (A)	23,176		131,408
SunPower Corp. (A)(C)	31,874		441,136
Sunrun, Inc. (A)	46,701		941,025
Thermon Group Holdings, Inc. (A)	5,455		135,939
TPI Composites, Inc. (A)	6,182		80,675
Vestas Wind Systems A/S	147,349		4,294,400
Vicor Corp. (A)	8,461		397,159
			75,893,788
Ground transportation – 0.8%
ArcBest Corp.	3,913		361,639
Aurizon Holdings, Ltd.	268,578		604,935
Avis Budget Group, Inc. (A)	5,452		1,062,050
Central Japan Railway Company	21,076		2,514,780
Covenant Logistics Group, Inc.	1,546		54,759
CSX Corp.	231,156		6,920,811
Daseke, Inc. (A)	7,076		54,697
East Japan Railway Company	44,140		2,442,776
Grab Holdings, Ltd., Class A (A)	190,100		572,201
Hankyu Hanshin Holdings, Inc.	33,400		990,377
Heartland Express, Inc.	7,448		118,572
Hertz Global Holdings, Inc. (A)	35,327		575,477
JB Hunt Transport Services, Inc.	9,125		1,601,073
Keio Corp.	15,015		527,248
Keisei Electric Railway Company, Ltd.	18,894		581,979
Kintetsu Group Holdings Company, Ltd.	25,074		807,732
Knight-Swift Transportation Holdings, Inc.	35,216		1,992,521
Landstar System, Inc.	7,873		1,411,314
Marten Transport, Ltd.	9,276		194,332
MTR Corp., Ltd.	226,315		1,092,261
Norfolk Southern Corp.	25,044		5,309,328
Odakyu Electric Railway Company, Ltd.	42,979		559,170
Old Dominion Freight Line, Inc.	9,961		3,395,107
PAM Transportation Services, Inc. (A)	1,105		31,636

 

249

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Ground transportation (continued)
Ryder System, Inc.	11,012	$	982,711
Saia, Inc. (A)	10,049		2,734,132
Tobu Railway Company, Ltd.	27,573		660,118
Tokyu Corp.	77,508		1,031,797
TuSimple Holdings, Inc., Class A (A)	22,788		33,498
Union Pacific Corp.	67,274		13,539,565
Universal Logistics Holdings, Inc.	1,137		33,144
Werner Enterprises, Inc.	22,950		1,043,996
West Japan Railway Company	32,025		1,319,161
XPO, Inc. (A)	25,202		803,944
			55,958,841
Industrial conglomerates – 1.0%
3M Company	60,527		6,361,993
Brookfield Business Corp., Class A	4,171		82,669
CK Hutchison Holdings, Ltd.	391,738		2,423,545
DCC PLC	14,403		839,569
General Electric Company	119,765		11,449,534
Hitachi, Ltd.	141,294		7,765,615
Honeywell International, Inc.	73,461		14,039,866
Investment AB Latour, B Shares	21,603		439,797
Jardine Cycle & Carriage, Ltd.	14,400		339,106
Jardine Matheson Holdings, Ltd.	23,300		1,133,364
Keppel Corp., Ltd.	215,145		912,800
Lifco AB, B Shares	34,013		733,409
Melrose Industries PLC	591,581		1,218,392
Siemens AG	111,621		18,083,037
Smiths Group PLC	51,724		1,097,002
Toshiba Corp.	56,928		1,911,617
			68,831,315
Machinery – 2.4%
3D Systems Corp. (A)	20,319		217,820
AGCO Corp.	13,569		1,834,529
Alamo Group, Inc.	1,569		288,947
Albany International Corp., Class A	4,964		443,583
Alfa Laval AB	42,272		1,509,410
Alstom SA	46,659		1,270,352
Astec Industries, Inc.	3,697		152,501
Atlas Copco AB, A Shares	391,922		4,965,003
Atlas Copco AB, B Shares	227,746		2,619,702
Barnes Group, Inc.	7,887		317,688
Blue Bird Corp. (A)	3,152		64,395
Caterpillar, Inc.	57,218		13,093,767
Chart Industries, Inc. (A)	15,976		2,003,390
CIRCOR International, Inc. (A)	3,133		97,499
CNH Industrial NV	149,309		2,284,602
Columbus McKinnon Corp.	4,555		169,264
Crane Holdings Company	10,458		1,186,983
Cummins, Inc.	15,536		3,711,240
Daifuku Company, Ltd.	44,400		824,382
Daimler Truck Holding AG (A)	66,042		2,228,809
Deere & Company	29,731		12,275,335
Desktop Metal, Inc., Class A (A)(C)	43,199		99,358
Donaldson Company, Inc.	26,667		1,742,422
Douglas Dynamics, Inc.	3,573		113,943
Dover Corp.	15,361		2,333,950
Energy Recovery, Inc. (A)	8,795		202,725
Enerpac Tool Group Corp.	9,211		234,881
EnPro Industries, Inc.	3,321		345,019
Epiroc AB, A Shares	96,156		1,908,698
Epiroc AB, B Shares	56,901		970,188
Esab Corp.	11,322		668,791
ESCO Technologies, Inc.	4,113		392,586
Evoqua Water Technologies Corp. (A)	18,863		937,868
FANUC Corp.	140,090		5,058,956
Federal Signal Corp.	9,491		514,507

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Flowserve Corp.	28,642	$	973,828
Fortive Corp.	38,801		2,645,064
Franklin Electric Company, Inc.	7,337		690,412
GEA Group AG	22,101		1,008,194
Graco, Inc.	36,932		2,696,405
Helios Technologies, Inc.	5,252		343,481
Hillenbrand, Inc.	11,068		526,062
Hillman Solutions Corp. (A)	21,584		181,737
Hitachi Construction Machinery Company, Ltd.	15,652		364,805
Hoshizaki Corp.	15,900		587,415
Husqvarna AB, B Shares	61,225		531,420
Hyliion Holdings Corp. (A)	23,068		45,675
Hyster-Yale Materials Handling, Inc.	1,841		91,847
Hyzon Motors, Inc. (A)(C)	15,528		12,657
IDEX Corp.	8,292		1,915,701
Illinois Tool Works, Inc.	30,523		7,430,824
Indutrade AB	39,869		848,452
Ingersoll Rand, Inc.	44,521		2,590,232
ITT, Inc.	18,123		1,564,015
John Bean Technologies Corp.	5,073		554,428
Kadant, Inc.	1,848		385,345
Kennametal, Inc.	13,090		361,022
Knorr-Bremse AG	10,584		705,010
Komatsu, Ltd.	134,976		3,350,797
Kone OYJ, B Shares	49,593		2,586,474
Kubota Corp.	147,752		2,240,116
Kurita Water Industries, Ltd.	15,227		697,503
Lincoln Electric Holdings, Inc.	12,653		2,139,622
Lindsay Corp.	1,741		263,117
Luxfer Holdings PLC	4,584		77,470
Makita Corp.	32,652		813,193
Markforged Holding Corp. (A)	19,815		18,999
Metso Outotec OYJ	96,764		1,056,603
Microvast Holdings, Inc. (A)	28,198		34,966
Miller Industries, Inc.	1,955		69,109
MINEBEA MITSUMI, Inc.	53,000		1,012,114
MISUMI Group, Inc.	41,500		1,042,824
Mitsubishi Heavy Industries, Ltd.	46,763		1,722,796
Mueller Industries, Inc.	8,889		653,164
Mueller Water Products, Inc., Class A	24,920		347,385
NGK Insulators, Ltd.	34,761		460,948
Nikola Corp. (A)(C)	52,870		63,973
Nordson Corp.	5,910		1,313,557
Omega Flex, Inc.	549		61,181
Oshkosh Corp.	14,331		1,192,053
Otis Worldwide Corp.	45,614		3,849,822
PACCAR, Inc.	57,393		4,201,168
Parker-Hannifin Corp.	14,103		4,740,159
Pentair PLC	18,086		999,613
Proterra, Inc. (A)	35,910		54,583
Proto Labs, Inc. (A)	4,466		148,048
Rational AG	747		502,122
RBC Bearings, Inc. (A)	4,560		1,061,249
REV Group, Inc.	5,451		65,357
Sandvik AB	155,573		3,302,160
Sarcos Technology and Robotics Corp. (A)	19,656		9,331
Schindler Holding AG	3,426		725,005
Schindler Holding AG, Participation Certificates	5,941		1,316,393
Sembcorp Marine, Ltd. (A)	4,106,049		368,517
SKF AB, B Shares (C)	55,935		1,101,746
SMC Corp.	8,347		4,424,881
Snap-on, Inc.	5,840		1,441,838

 

250

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Spirax-Sarco Engineering PLC	10,741	$	1,577,023
SPX Technologies, Inc. (A)	7,009		494,695
Standex International Corp.	1,904		233,126
Stanley Black & Decker, Inc.	16,266		1,310,714
Techtronic Industries Company, Ltd.	200,742		2,175,061
Tennant Company	2,965		203,191
Terex Corp.	25,464		1,231,948
The Gorman-Rupp Company	3,794		94,850
The Greenbrier Companies, Inc.	5,164		166,126
The Manitowoc Company, Inc. (A)	6,284		107,394
The Middleby Corp. (A)	11,808		1,731,171
The Shyft Group, Inc.	5,628		128,037
The Timken Company	14,507		1,185,512
The Toro Company	22,940		2,550,010
Titan International, Inc. (A)	8,187		85,800
Toyota Industries Corp.	21,353		1,189,598
Trinity Industries, Inc.	13,188		321,260
VAT Group AG (B)	3,940		1,423,458
Velo3D, Inc. (A)(C)	9,418		21,379
Volvo AB, A Shares	29,222		628,562
Volvo AB, B Shares (C)	220,179		4,537,149
Wabash National Corp.	7,683		188,925
Wabtec Corp.	19,996		2,020,796
Wartsila OYJ ABP	69,071		651,841
Watts Water Technologies, Inc., Class A	10,338		1,740,092
Xylem, Inc.	19,819		2,075,049
Yaskawa Electric Corp.	35,010		1,535,535
			173,275,382
Marine transportation – 0.1%
A.P. Moller - Maersk A/S, Series A	452		801,868
A.P. Moller - Maersk A/S, Series B	733		1,332,381
Costamare, Inc.	7,746		72,890
Eagle Bulk Shipping, Inc.	2,108		95,914
Eneti, Inc.	4,185		39,130
Genco Shipping & Trading, Ltd.	5,823		91,188
Golden Ocean Group, Ltd. (C)	19,381		184,507
Kirby Corp. (A)	13,126		914,882
Kuehne + Nagel International AG	7,929		2,361,534
Matson, Inc.	5,894		351,695
Mitsui OSK Lines, Ltd. (C)	50,200		1,258,898
Nippon Yusen KK (C)	70,675		1,650,850
Safe Bulkers, Inc.	10,946		40,391
SITC International Holdings Company, Ltd.	196,000		421,235
			9,617,363
Passenger airlines – 0.2%
Alaska Air Group, Inc. (A)	14,022		588,363
Allegiant Travel Company (A)	2,493		229,306
American Airlines Group, Inc. (A)	71,535		1,055,141
ANA Holdings, Inc. (A)	23,349		507,489
Blade Air Mobility, Inc. (A)	9,551		32,282
Delta Air Lines, Inc. (A)	70,503		2,461,965
Deutsche Lufthansa AG (A)	87,216		970,060
Frontier Group Holdings, Inc. (A)	5,880		57,859
Hawaiian Holdings, Inc. (A)	8,157		74,718
Japan Airlines Company, Ltd.	21,040		410,240
JetBlue Airways Corp. (A)	70,976		516,705
Joby Aviation, Inc. (A)(C)	40,929		177,632
Qantas Airways, Ltd. (A)	134,847		601,883
Singapore Airlines, Ltd.	195,527		843,400
SkyWest, Inc. (A)	7,986		177,050
Southwest Airlines Company	65,342		2,126,229
Spirit Airlines, Inc.	17,348		297,865
Sun Country Airlines Holdings, Inc. (A)	5,411		110,926
United Airlines Holdings, Inc. (A)	35,945		1,590,566

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Passenger airlines (continued)
Wheels Up Experience, Inc. (A)	27,641	$	17,491
			12,847,170
Professional services – 1.2%
Adecco Group AG	23,346		850,379
Alight, Inc., Class A (A)	54,480		501,761
ASGN, Inc. (A)	18,784		1,552,873
Atlas Technical Consultants, Inc. (A)	3,279		39,971
Automatic Data Processing, Inc.	45,557		10,142,355
Barrett Business Services, Inc.	1,114		98,745
BayCurrent Consulting, Inc.	19,300		801,299
Broadridge Financial Solutions, Inc.	12,940		1,896,616
Bureau Veritas SA	42,899		1,232,594
CACI International, Inc., Class A (A)	5,152		1,526,435
CBIZ, Inc. (A)	7,684		380,281
Computershare, Ltd.	79,281		1,151,572
Concentrix Corp.	9,357		1,137,343
Conduent, Inc. (A)	28,166		96,609
CoStar Group, Inc. (A)	44,715		3,078,628
CRA International, Inc.	1,115		120,219
CSG Systems International, Inc.	4,970		266,889
Equifax, Inc.	13,469		2,732,052
EXL Service Holdings, Inc. (A)	12,412		2,008,634
Experian PLC	134,414		4,425,944
Exponent, Inc.	19,196		1,913,649
First Advantage Corp. (A)	9,372		130,833
Forrester Research, Inc. (A)	1,844		59,653
Franklin Covey Company (A)	1,948		74,940
FTI Consulting, Inc. (A)	7,544		1,488,808
Genpact, Ltd.	36,880		1,704,594
Heidrick & Struggles International, Inc.	3,208		97,395
HireRight Holdings Corp. (A)	3,471		36,827
Huron Consulting Group, Inc. (A)	3,174		255,094
ICF International, Inc.	2,930		321,421
Insperity, Inc.	13,585		1,651,257
Intertek Group PLC	23,549		1,179,444
Jacobs Solutions, Inc.	13,932		1,637,149
KBR, Inc.	30,066		1,655,133
Kelly Services, Inc., Class A	5,548		92,041
Kforce, Inc.	3,169		200,408
Korn Ferry	8,520		440,825
Legalzoom.com, Inc. (A)	15,828		148,467
Leidos Holdings, Inc.	15,029		1,383,570
ManpowerGroup, Inc.	11,079		914,350
Maximus, Inc.	22,975		1,808,133
Nihon M&A Center Holdings, Inc.	44,200		331,295
NV5 Global, Inc. (A)	2,157		224,263
Paychex, Inc.	35,273		4,041,933
Persol Holdings Company, Ltd.	25,900		521,494
Planet Labs PBC (A)	25,294		99,405
Randstad NV (C)	17,447		1,035,736
Recruit Holdings Company, Ltd.	210,300		5,785,149
Red Violet, Inc. (A)	1,601		28,178
RELX PLC	279,464		9,050,972
Resources Connection, Inc.	5,106		87,108
Robert Half International, Inc.	11,841		954,029
Science Applications International Corp.	11,972		1,286,511
SGS SA	930		2,051,346
Skillsoft Corp. (A)	15,324		30,648
Spire Global, Inc. (A)	21,661		14,470
Sterling Check Corp. (A)	3,766		41,991
Teleperformance	8,626		2,084,336
TriNet Group, Inc. (A)	5,995		483,257
TrueBlue, Inc. (A)	5,229		93,076
TTEC Holdings, Inc.	3,072		114,371
Upwork, Inc. (A)	19,329		218,804

 

251

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Verisk Analytics, Inc.	17,195	$	3,299,033
Verra Mobility Corp. (A)	22,669		383,559
Willdan Group, Inc. (A)	2,132		33,302
Wolters Kluwer NV	37,574		4,743,208
			88,272,664
Trading companies and distributors – 0.8%
AerCap Holdings NV (A)	19,700		1,107,731
Alta Equipment Group, Inc.	3,538		56,077
Applied Industrial Technologies, Inc.	6,089		865,430
Ashtead Group PLC	64,071		3,934,270
Beacon Roofing Supply, Inc. (A)	8,196		482,335
BlueLinx Holdings, Inc. (A)	1,354		92,018
Boise Cascade Company	6,242		394,807
Brenntag SE	22,543		1,696,500
Bunzl PLC	49,261		1,860,714
Custom Truck One Source, Inc. (A)	9,430		64,030
Distribution Solutions Group, Inc. (A)	859		39,050
DXP Enterprises, Inc. (A)	2,527		68,027
Fastenal Company	62,762		3,385,382
GATX Corp.	13,288		1,461,946
Global Industrial, Inc.	2,126		57,062
GMS, Inc. (A)	6,825		395,099
H&E Equipment Services, Inc.	5,145		227,563
Herc Holdings, Inc.	4,040		460,156
Hudson Technologies, Inc. (A)	6,824		59,574
IMCD NV	8,315		1,359,633
ITOCHU Corp.	173,404		5,647,153
Marubeni Corp.	225,659		3,068,898
McGrath RentCorp	3,831		357,471
Mitsubishi Corp.	182,806		6,569,399
Mitsui & Company, Ltd.	209,103		6,517,708
MonotaRO Company, Ltd.	36,600		461,000
MRC Global, Inc. (A)	13,392		130,170
MSC Industrial Direct Company, Inc., Class A	10,370		871,080
NOW, Inc. (A)	17,644		196,731
Reece, Ltd.	32,989		386,625
Rush Enterprises, Inc., Class A	6,399		349,385
Rush Enterprises, Inc., Class B	1,197		71,688
Sumitomo Corp.	164,338		2,911,304
Textainer Group Holdings, Ltd.	6,753		216,839
Titan Machinery, Inc. (A)	3,280		99,876
Toyota Tsusho Corp.	30,982		1,320,987
Transcat, Inc. (A)	1,145		102,352
Triton International, Ltd.	9,141		577,894
United Rentals, Inc.	7,626		3,018,066
Univar Solutions, Inc. (A)	35,757		1,252,568
Veritiv Corp.	2,109		285,010
W.W. Grainger, Inc.	4,944		3,405,477
Watsco, Inc.	7,289		2,319,068
Xometry, Inc., Class A (A)	5,420		81,137
			58,285,290
Transportation infrastructure – 0.1%
Aena SME SA (A)(B)	10,943		1,769,574
Aeroports de Paris	4,332		618,444
Auckland International Airport, Ltd. (A)	182,662		994,043
Getlink SE	64,201		1,057,366
Transurban Group	448,664		4,284,015
			8,723,442
			842,924,642
Information technology – 17.6%
Communications equipment – 0.7%
ADTRAN Holdings, Inc.	11,256		178,520
Arista Networks, Inc. (A)	27,214		4,568,142

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Communications equipment (continued)
Aviat Networks, Inc. (A)	1,804	$	62,166
Calix, Inc. (A)	21,562		1,155,508
Cambium Networks Corp. (A)	1,930		34,200
Ciena Corp. (A)	32,525		1,708,213
Cisco Systems, Inc.	451,680		23,611,572
Clearfield, Inc. (A)	1,842		85,800
CommScope Holding Company, Inc. (A)	32,928		209,751
Comtech Telecommunications Corp.	4,689		58,519
Digi International, Inc. (A)	5,451		183,590
DZS, Inc. (A)	2,936		23,165
Extreme Networks, Inc. (A)	20,249		387,161
F5, Inc. (A)	6,610		963,011
Harmonic, Inc. (A)	14,671		214,050
Infinera Corp. (A)	30,677		238,054
Inseego Corp. (A)	15,363		8,947
Juniper Networks, Inc.	35,619		1,226,006
Lumentum Holdings, Inc. (A)	15,012		810,798
Motorola Solutions, Inc.	18,384		5,260,214
NETGEAR, Inc. (A)	4,520		83,665
NetScout Systems, Inc. (A)	10,892		312,056
Nokia OYJ	789,581		3,875,962
Ondas Holdings, Inc. (A)	6,570		7,096
Ribbon Communications, Inc. (A)	13,100		44,802
Telefonaktiebolaget LM Ericsson, B Shares (C)	425,876		2,496,409
Viavi Solutions, Inc. (A)	36,325		393,400
			48,200,777
Electronic equipment, instruments and components – 1.2%
908 Devices, Inc. (A)	3,691		31,743
Advanced Energy Industries, Inc.	6,023		590,254
Aeva Technologies, Inc. (A)	17,833		21,221
Akoustis Technologies, Inc. (A)	9,662		29,759
Amphenol Corp., Class A	65,376		5,342,527
Arlo Technologies, Inc. (A)	14,531		88,058
Arrow Electronics, Inc. (A)	12,773		1,594,965
Avnet, Inc.	20,025		905,130
Azbil Corp.	16,800		460,143
Badger Meter, Inc.	4,660		567,681
Belden, Inc.	16,184		1,404,286
Benchmark Electronics, Inc.	5,473		129,655
CDW Corp.	14,886		2,901,133
Cognex Corp.	37,897		1,877,796
Coherent Corp. (A)	30,453		1,159,650
Corning, Inc.	83,696		2,952,795
CTS Corp.	5,022		248,388
ePlus, Inc. (A)	4,321		211,902
Evolv Technologies Holdings, Inc. (A)	14,657		45,730
Fabrinet (A)	5,887		699,140
FARO Technologies, Inc. (A)	3,102		76,340
Focus Universal, Inc. (A)	4,317		10,793
Halma PLC	55,394		1,529,233
Hamamatsu Photonics KK	20,500		1,105,806
Hexagon AB, B Shares	284,002		3,268,695
Hirose Electric Company, Ltd.	4,375		572,366
Ibiden Company, Ltd.	16,400		657,695
Identiv, Inc. (A)	3,883		23,842
Insight Enterprises, Inc. (A)	5,019		717,516
IPG Photonics Corp. (A)	7,046		868,842
Itron, Inc. (A)	7,274		403,343
Jabil, Inc.	29,207		2,574,889
Keyence Corp.	28,400		13,919,077
Keysight Technologies, Inc. (A)	19,609		3,166,461
Kimball Electronics, Inc. (A)	3,967		95,605
Knowles Corp. (A)	14,415		245,055
Kyocera Corp.	46,863		2,444,652

 

252

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Lightwave Logic, Inc. (A)(C)	17,933	$	93,790
Littelfuse, Inc.	5,425		1,454,388
Methode Electronics, Inc.	5,758		252,661
MicroVision, Inc. (A)(C)	27,024		72,154
Mirion Technologies, Inc. (A)	21,892		186,958
Murata Manufacturing Company, Ltd.	83,839		5,109,587
Napco Security Technologies, Inc. (A)	4,695		176,438
National Instruments Corp.	28,614		1,499,660
nLight, Inc. (A)	7,598		77,348
Novanta, Inc. (A)	13,505		2,148,510
Omron Corp.	27,118		1,587,132
OSI Systems, Inc. (A)	2,537		259,687
Ouster, Inc. (A)	52,449		43,884
PAR Technology Corp. (A)	4,340		147,386
PC Connection, Inc.	1,763		79,264
Plexus Corp. (A)	4,357		425,112
Rogers Corp. (A)	2,982		487,348
Sanmina Corp. (A)	9,081		553,850
ScanSource, Inc. (A)	4,093		124,591
Shimadzu Corp.	34,592		1,085,932
SmartRent, Inc. (A)(C)	20,454		52,158
TD SYNNEX Corp.	9,196		890,081
TDK Corp.	56,763		2,037,572
TE Connectivity, Ltd.	34,794		4,563,233
Teledyne Technologies, Inc. (A)	5,153		2,305,246
Trimble, Inc. (A)	27,116		1,421,421
TTM Technologies, Inc. (A)	16,192		218,430
Venture Corp., Ltd.	40,500		539,032
Vishay Intertechnology, Inc.	48,866		1,105,349
Vishay Precision Group, Inc. (A)	2,004		83,687
Vontier Corp.	34,624		946,620
Yokogawa Electric Corp.	33,292		542,111
Zebra Technologies Corp., Class A (A)	5,677		1,805,286
			85,318,072
IT services – 0.9%
Accenture PLC, Class A	69,239		19,789,199
Akamai Technologies, Inc. (A)	17,288		1,353,650
Bechtle AG	11,950		572,255
BigCommerce Holdings, Inc., Series 1 (A)	10,521		94,058
Brightcove, Inc. (A)	7,069		31,457
Capgemini SE	23,896		4,440,722
Cerberus Cyber Sentinel Corp. (A)	7,704		2,604
Cognizant Technology Solutions Corp., Class A	55,964		3,409,887
DigitalOcean Holdings, Inc. (A)(C)	11,208		439,017
DXC Technology Company (A)	25,033		639,843
Edgio, Inc. (A)	21,851		17,286
EPAM Systems, Inc. (A)	6,323		1,890,577
Fastly, Inc., Class A (A)	18,112		321,669
Fujitsu, Ltd.	28,723		3,881,347
Gartner, Inc. (A)	8,689		2,830,616
Grid Dynamics Holdings, Inc. (A)	7,965		91,279
IBM Corp.	99,407		13,031,264
Information Services Group, Inc.	5,904		30,051
Itochu Techno-Solutions Corp.	14,000		344,959
Kyndryl Holdings, Inc. (A)	44,871		662,296
NEC Corp.	35,784		1,381,447
Nomura Research Institute, Ltd.	58,000		1,356,487
NTT Data Corp.	92,110		1,210,928
Obic Company, Ltd.	10,200		1,615,613
Otsuka Corp.	16,600		589,545
Perficient, Inc. (A)	5,493		396,540
PFSweb, Inc.	3,022		12,813

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Rackspace Technology, Inc. (A)	9,579	$	18,009
SCSK Corp.	22,800		333,835
Squarespace, Inc., Class A (A)	5,057		160,661
The Hackett Group, Inc.	4,342		80,240
TIS, Inc.	33,000		872,705
Tucows, Inc., Class A (A)	1,679		32,657
Unisys Corp. (A)	10,933		42,420
VeriSign, Inc. (A)	10,072		2,128,516
Wix.com, Ltd. (A)	8,400		838,320
			64,944,772
Semiconductors and semiconductor equipment – 4.8%
ACM Research, Inc., Class A (A)	8,093		94,688
Advanced Micro Devices, Inc. (A)	177,276		17,374,821
Advantest Corp.	26,500		2,456,717
Allegro MicroSystems, Inc. (A)	14,269		684,769
Alpha & Omega Semiconductor, Ltd. (A)	3,512		94,648
Ambarella, Inc. (A)	5,888		455,849
Amkor Technology, Inc.	38,247		995,187
Analog Devices, Inc.	55,728		10,990,676
Applied Materials, Inc.	92,695		11,385,727
ASM International NV	6,840		2,776,361
ASML Holding NV	58,821		40,083,450
Atomera, Inc. (A)(C)	3,640		23,187
Axcelis Technologies, Inc. (A)	5,253		699,962
AXT, Inc. (A)	7,177		28,564
Broadcom, Inc.	45,946		29,476,197
CEVA, Inc. (A)	3,719		113,169
Cirrus Logic, Inc. (A)	12,109		1,324,482
Cohu, Inc. (A)	7,699		295,565
Credo Technology Group Holding, Ltd. (A)	15,551		146,490
Diodes, Inc. (A)	7,136		661,935
Disco Corp.	12,600		1,465,778
Enphase Energy, Inc. (A)	14,945		3,142,635
First Solar, Inc. (A)	10,901		2,370,968
FormFactor, Inc. (A)	12,479		397,456
Ichor Holdings, Ltd. (A)	4,622		151,324
Impinj, Inc. (A)	3,371		456,838
Indie Semiconductor, Inc., Class A (A)	16,656		175,721
Infineon Technologies AG	190,547		7,824,845
Intel Corp.	454,857		14,860,178
KLA Corp.	15,226		6,077,762
Kulicke & Soffa Industries, Inc.	9,068		477,793
Lam Research Corp.	14,836		7,864,860
Lasertec Corp.	11,000		1,954,472
Lattice Semiconductor Corp. (A)	30,036		2,868,438
MACOM Technology Solutions Holdings, Inc. (A)	19,433		1,376,634
MaxLinear, Inc. (A)	11,727		412,908
Microchip Technology, Inc.	60,229		5,045,986
Micron Technology, Inc.	119,973		7,239,171
MKS Instruments, Inc.	12,534		1,110,763
Monolithic Power Systems, Inc.	4,920		2,462,657
NVIDIA Corp.	270,473		75,129,285
NXP Semiconductors NV	28,491		5,312,859
ON Semiconductor Corp. (A)	47,494		3,909,706
Onto Innovation, Inc. (A)	7,947		698,382
PDF Solutions, Inc. (A)	4,819		204,326
Photronics, Inc. (A)	9,526		157,941
Power Integrations, Inc.	21,578		1,826,362
Qorvo, Inc. (A)	10,983		1,115,543
Qualcomm, Inc.	122,593		15,640,415
Rambus, Inc. (A)	17,146		878,904
Renesas Electronics Corp. (A)	171,500		2,483,458
Rohm Company, Ltd.	12,742		1,062,001

 

253

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Semtech Corp. (A)	10,225	$	246,832
Silicon Laboratories, Inc. (A)	12,292		2,152,206
SiTime Corp. (A)	6,131		872,012
Skyworks Solutions, Inc.	17,479		2,062,172
SMART Global Holdings, Inc. (A)	7,834		135,058
SolarEdge Technologies, Inc. (A)	6,146		1,868,077
STMicroelectronics NV	99,724		5,313,661
SUMCO Corp.	51,100		768,745
Synaptics, Inc. (A)	15,005		1,667,806
Teradyne, Inc.	17,125		1,841,109
Texas Instruments, Inc.	99,636		18,533,292
Tokyo Electron, Ltd.	65,280		7,974,998
Tower Semiconductor, Ltd. (A)	15,946		679,745
Ultra Clean Holdings, Inc. (A)	7,265		240,907
Universal Display Corp.	9,524		1,477,458
Veeco Instruments, Inc. (A)	8,271		174,766
Wolfspeed, Inc. (A)	27,266		1,770,927
			344,098,584
Software – 5.9%
8x8, Inc. (A)	19,657		81,970
A10 Networks, Inc.	10,545		163,342
ACI Worldwide, Inc. (A)	42,804		1,154,852
Adeia, Inc.	16,850		149,291
Adobe, Inc. (A)	50,334		19,397,214
Agilysys, Inc. (A)	3,164		261,062
Alarm.com Holdings, Inc. (A)	7,708		387,558
Alkami Technology, Inc. (A)	5,777		73,137
Altair Engineering, Inc., Class A (A)	8,346		601,830
American Software, Inc., Class A	5,873		74,059
Amplitude, Inc., Class A (A)	9,160		113,950
ANSYS, Inc. (A)	9,578		3,187,558
Appfolio, Inc., Class A (A)	3,050		379,664
Appian Corp., Class A (A)	6,446		286,073
Asana, Inc., Class A (A)	11,882		251,067
Aspen Technology, Inc. (A)	6,387		1,461,793
Autodesk, Inc. (A)	23,723		4,938,180
AvePoint, Inc. (A)	21,341		87,925
Blackbaud, Inc. (A)	17,228		1,193,900
Blackline, Inc. (A)	8,871		595,688
Blend Labs, Inc., Class A (A)	31,176		31,058
Box, Inc., Class A (A)	22,335		598,355
c3.ai, Inc., Class A (A)(C)	10,354		347,584
Cadence Design Systems, Inc. (A)	30,161		6,336,524
Cerence, Inc. (A)	6,504		182,697
Ceridian HCM Holding, Inc. (A)	16,916		1,238,590
Check Point Software Technologies, Ltd. (A)	14,626		1,901,380
Cleanspark, Inc. (A)	8,081		22,465
Clear Secure, Inc., Class A	9,999		261,674
CommVault Systems, Inc. (A)	16,879		957,714
Consensus Cloud Solutions, Inc. (A)	2,559		87,236
Couchbase, Inc. (A)	4,440		62,426
CS Disco, Inc. (A)	3,828		25,418
Cvent Holding Corp. (A)(C)	7,541		63,043
CyberArk Software, Ltd. (A)	5,900		873,082
Dassault Systemes SE	97,253		4,011,786
Digimarc Corp. (A)	2,379		46,747
Digital Turbine, Inc. (A)	15,155		187,316
Domo, Inc., Class B (A)	5,017		71,191
Dynatrace, Inc. (A)	47,508		2,009,588
E2open Parent Holdings, Inc. (A)	31,981		186,129
Ebix, Inc.	4,255		56,123
eGain Corp. (A)	3,658		27,764
Enfusion, Inc., Class A (A)	4,344		45,612
EngageSmart, Inc. (A)	5,571		107,242

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Envestnet, Inc. (A)	20,950	$	1,229,137
Everbridge, Inc. (A)	6,382		221,264
EverCommerce, Inc. (A)	4,148		43,886
Fair Isaac Corp. (A)	2,766		1,943,641
ForgeRock, Inc., Class A (A)	5,649		116,369
Fortinet, Inc. (A)	71,293		4,738,133
Gen Digital, Inc.	62,540		1,073,186
Instructure Holdings, Inc. (A)	2,688		69,619
Intapp, Inc. (A)	2,251		100,935
InterDigital, Inc.	4,763		347,223
Intuit, Inc.	30,887		13,770,351
Latch, Inc. (A)	21,091		16,073
LivePerson, Inc. (A)	11,556		50,962
LiveRamp Holdings, Inc. (A)	10,693		234,497
Manhattan Associates, Inc. (A)	13,696		2,120,826
Marathon Digital Holdings, Inc. (A)(C)	18,289		159,480
Matterport, Inc. (A)	36,274		99,028
MeridianLink, Inc. (A)	3,652		63,180
Microsoft Corp.	818,435		235,954,811
MicroStrategy, Inc., Class A (A)(C)	1,510		441,403
Mitek Systems, Inc. (A)	6,899		66,161
Model N, Inc. (A)	5,864		196,268
Momentive Global, Inc. (A)	21,168		197,286
N-able, Inc. (A)	10,801		142,573
NCR Corp. (A)	30,242		713,409
Nemetschek SE	8,426		581,653
NextNav, Inc. (A)	11,600		23,548
Nice, Ltd. (A)	9,270		2,111,690
Olo, Inc., Class A (A)	14,658		119,609
ON24, Inc. (A)	7,134		62,494
OneSpan, Inc. (A)	6,470		113,225
Oracle Corp.	168,975		15,701,157
Oracle Corp.	5,606		404,870
PagerDuty, Inc. (A)	13,680		478,526
Paycom Software, Inc. (A)	5,301		1,611,557
Paylocity Holding Corp. (A)	9,044		1,797,766
Porch Group, Inc. (A)	12,832		18,350
PowerSchool Holdings, Inc., Class A (A)	7,325		145,182
Progress Software Corp.	6,936		398,473
PROS Holdings, Inc. (A)	6,601		180,867
PTC, Inc. (A)	11,703		1,500,676
Q2 Holdings, Inc. (A)	9,024		222,171
Qualys, Inc. (A)	13,730		1,785,175
Rapid7, Inc. (A)	9,340		428,799
Rimini Street, Inc. (A)	8,230		33,908
Riot Platforms, Inc. (A)(C)	24,907		248,821
Roper Technologies, Inc.	11,660		5,138,445
Salesforce, Inc. (A)	109,949		21,965,611
SAP SE	152,363		19,238,946
Sapiens International Corp. NV	5,017		108,969
ServiceNow, Inc. (A)	22,320		10,372,550
ShotSpotter, Inc. (A)	1,477		58,076
SolarWinds Corp. (A)	8,166		70,228
Sprout Social, Inc., Class A (A)	7,374		448,929
SPS Commerce, Inc. (A)	5,783		880,751
Sumo Logic, Inc. (A)	18,521		221,882
Synopsys, Inc. (A)	16,758		6,472,778
Telos Corp. (A)	8,664		21,920
Temenos AG	9,291		646,524
Tenable Holdings, Inc. (A)	17,625		837,364
Teradata Corp. (A)	22,309		898,607
The Sage Group PLC	148,775		1,427,708
Trend Micro, Inc.	19,564		959,819
Tyler Technologies, Inc. (A)	4,578		1,623,542
Upland Software, Inc. (A)	5,131		22,063

 

254

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Varonis Systems, Inc. (A)	17,539	$	456,189
Verint Systems, Inc. (A)	10,229		380,928
Veritone, Inc. (A)	5,455		31,803
Weave Communications, Inc. (A)	5,529		27,479
WiseTech Global, Ltd.	21,473		945,964
WM Technology, Inc. (A)	13,479		11,446
Workiva, Inc. (A)	7,643		782,720
Xero, Ltd. (A)	19,719		1,195,985
Xperi, Inc. (A)	6,860		74,980
Yext, Inc. (A)	18,655		179,275
Zeta Global Holdings Corp., Class A (A)	17,573		190,316
Zuora, Inc., Class A (A)	19,825		195,871
			422,544,743
Technology hardware, storage and peripherals – 4.1%
Apple, Inc.	1,635,223		269,648,273
Avid Technology, Inc. (A)	5,801		185,516
Brother Industries, Ltd.	33,836		509,770
Canon, Inc.	145,977		3,250,887
Corsair Gaming, Inc. (A)	6,371		116,908
Diebold Nixdorf, Inc. (A)	12,734		15,281
Eastman Kodak Company (A)(C)	9,579		39,274
FUJIFILM Holdings Corp.	52,538		2,666,984
Hewlett Packard Enterprise Company	140,934		2,245,079
HP, Inc.	95,027		2,789,042
IonQ, Inc. (A)(C)	19,427		119,476
Logitech International SA	25,258		1,474,222
NetApp, Inc.	23,702		1,513,373
Ricoh Company, Ltd.	80,077		600,668
Seagate Technology Holdings PLC	21,113		1,395,992
Seiko Epson Corp. (C)	40,847		583,624
Super Micro Computer, Inc. (A)	17,492		1,863,773
Western Digital Corp. (A)	35,109		1,322,556
Xerox Holdings Corp.	43,115		663,971
			291,004,669
			1,256,111,617
Materials – 4.5%
Chemicals – 2.2%
AdvanSix, Inc.	4,291		164,217
Air Liquide SA	76,369		12,783,299
Air Products & Chemicals, Inc.	24,418		7,013,094
Akzo Nobel NV	26,499		2,072,609
Albemarle Corp.	12,881		2,847,216
American Vanguard Corp.	4,594		100,517
Amyris, Inc. (A)(C)	31,782		43,224
Arkema SA	8,760		864,934
Asahi Kasei Corp.	183,057		1,282,152
Ashland, Inc.	10,942		1,123,853
Aspen Aerogels, Inc. (A)	5,136		38,263
Avient Corp.	33,334		1,372,027
Axalta Coating Systems, Ltd. (A)	48,344		1,464,340
Balchem Corp.	5,083		642,898
BASF SE	134,014		7,035,554
Cabot Corp.	21,204		1,625,075
Celanese Corp.	10,968		1,194,306
CF Industries Holdings, Inc.	21,571		1,563,682
Chase Corp.	1,193		124,943
Chr. Hansen Holding A/S	15,391		1,170,799
Clariant AG (A)	31,482		522,266
Corteva, Inc.	78,374		4,726,736
Covestro AG (B)	28,190		1,167,441
Croda International PLC	20,374		1,637,529
Danimer Scientific, Inc. (A)(C)	16,341		56,376
Diversey Holdings, Ltd. (A)	13,189		106,699
Dow, Inc.	77,501		4,248,605

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
DuPont de Nemours, Inc.	50,370	$	3,615,055
Eastman Chemical Company	13,062		1,101,649
Ecolab, Inc.	27,245		4,509,865
Ecovyst, Inc. (A)	11,714		129,440
EMS-Chemie Holding AG	1,024		846,469
Evonik Industries AG	30,597		643,734
FMC Corp.	13,850		1,691,501
FutureFuel Corp.	4,497		33,188
Givaudan SA	1,347		4,384,199
Hawkins, Inc.	3,082		134,930
HB Fuller Company	8,440		577,718
ICL Group, Ltd.	103,449		700,926
Ingevity Corp. (A)	13,736		982,399
Innospec, Inc.	3,926		403,082
International Flavors & Fragrances, Inc.	28,033		2,577,915
Intrepid Potash, Inc. (A)	1,791		49,432
Johnson Matthey PLC	26,768		656,253
JSR Corp.	25,890		612,461
Koninklijke DSM NV	25,503		3,018,135
Koppers Holdings, Inc.	3,340		116,800
Kronos Worldwide, Inc.	3,711		34,178
Linde PLC	54,153		19,248,142
Livent Corp. (A)	25,930		563,200
LSB Industries, Inc. (A)	10,614		109,643
LyondellBasell Industries NV, Class A	27,925		2,621,878
Mativ Holdings, Inc.	8,637		185,436
Minerals Technologies, Inc.	5,125		309,653
Mitsubishi Chemical Group Corp.	186,859		1,111,339
Mitsui Chemicals, Inc.	26,918		695,038
NewMarket Corp.	1,467		535,426
Nippon Paint Holdings Company, Ltd.	121,100		1,138,715
Nippon Sanso Holdings Corp.	25,257		456,308
Nissan Chemical Corp.	18,600		844,756
Nitto Denko Corp.	20,787		1,345,361
Novozymes A/S, B Shares	29,843		1,528,056
OCI NV	15,372		521,108
Olin Corp.	26,964		1,496,502
Orica, Ltd.	66,069		682,520
Origin Materials, Inc. (A)	17,079		72,927
Orion Engineered Carbons SA	9,726		253,751
Perimeter Solutions SA (A)	19,777		159,798
PPG Industries, Inc.	25,841		3,451,841
PureCycle Technologies, Inc. (A)(C)	17,212		120,484
Quaker Chemical Corp.	2,177		430,937
Rayonier Advanced Materials, Inc. (A)	10,249		64,261
RPM International, Inc.	28,290		2,468,020
Sensient Technologies Corp.	15,895		1,216,921
Shin-Etsu Chemical Company, Ltd.	269,730		8,755,712
Sika AG	21,310		5,977,357
Solvay SA	10,814		1,236,756
Stepan Company	3,338		343,914
Sumitomo Chemical Company, Ltd.	217,444		732,129
Symrise AG	19,374		2,108,354
The Chemours Company	32,507		973,260
The Mosaic Company	37,436		1,717,564
The Scotts Miracle-Gro Company	8,952		624,312
The Sherwin-Williams Company	25,928		5,827,837
Toray Industries, Inc.	202,372		1,157,715
Tosoh Corp.	37,900		515,042
Trinseo PLC	5,659		117,990
Tronox Holdings PLC	18,756		269,711
Umicore SA	30,559		1,036,599
Valvoline, Inc.	37,679		1,316,504
Westlake Corp.	7,546		875,185

 

255

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Yara International ASA	24,158	$	1,049,920
			160,079,865
Construction materials – 0.3%
CRH PLC	109,001		5,506,760
Eagle Materials, Inc.	7,901		1,159,472
HeidelbergCement AG	21,130		1,542,852
Holcim, Ltd. (A)	80,883		5,216,250
James Hardie Industries PLC, CHESS Depositary Interest	65,025		1,399,582
Martin Marietta Materials, Inc.	6,827		2,423,995
Summit Materials, Inc., Class A (A)	19,144		545,413
United States Lime & Minerals, Inc.	317		48,403
Vulcan Materials Company	14,613		2,507,006
			20,349,733
Containers and packaging – 0.3%
Amcor PLC	163,358		1,859,014
AptarGroup, Inc.	14,307		1,690,944
Avery Dennison Corp.	8,902		1,592,835
Ball Corp.	34,515		1,902,122
Greif, Inc., Class A	9,470		600,114
Greif, Inc., Class B	887		67,873
International Paper Company	39,105		1,410,126
Myers Industries, Inc.	5,874		125,880
O-I Glass, Inc. (A)	24,707		561,096
Packaging Corp. of America	10,174		1,412,456
Pactiv Evergreen, Inc.	7,145		57,160
Ranpak Holdings Corp. (A)	8,173		42,663
Sealed Air Corp.	15,904		730,153
SIG Group AG (A)	44,622		1,149,605
Silgan Holdings, Inc.	18,334		983,986
Smurfit Kappa Group PLC	36,069		1,308,225
Sonoco Products Company	21,369		1,303,509
TriMas Corp.	6,810		189,727
Westrock Company	27,999		853,130
			17,840,618
Metals and mining – 1.6%
1911 Gold Corp. (A)	3,149		241
5E Advanced Materials, Inc. (A)(C)	5,471		29,653
Alcoa Corp.	38,782		1,650,562
Alpha Metallurgical Resources, Inc.	2,422		377,832
Anglo American PLC	185,407		6,166,913
Antofagasta PLC	57,538		1,127,023
ArcelorMittal SA	76,848		2,328,209
Arconic Corp. (A)	16,432		431,011
ATI, Inc. (A)	19,830		782,492
BHP Group, Ltd.	739,150		23,367,435
BlueScope Steel, Ltd.	67,700		916,344
Boliden AB	39,908		1,567,754
Carpenter Technology Corp.	7,677		343,623
Century Aluminum Company (A)	8,691		86,910
Cleveland-Cliffs, Inc. (A)	112,927		2,069,952
Coeur Mining, Inc. (A)	45,297		180,735
Commercial Metals Company	44,249		2,163,776
Compass Minerals International, Inc.	5,519		189,247
Constellium SE (A)	20,395		311,636
Dakota Gold Corp. (A)	9,079		32,866
Ferroglobe PLC (A)(D)	15,626		0
Fortescue Metals Group, Ltd.	247,088		3,714,119
Freeport-McMoRan, Inc.	157,152		6,429,088
Glencore PLC	1,502,886		8,647,929
Haynes International, Inc.	1,991		99,729
Hecla Mining Company	89,150		564,320
IGO, Ltd.	99,443		852,737
Ivanhoe Electric, Inc. (A)	2,520		30,618

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
JFE Holdings, Inc.	71,733	$	910,466
Kaiser Aluminum Corp.	2,555		190,680
Materion Corp.	3,246		376,536
Mineral Resources, Ltd.	24,922		1,347,206
MP Materials Corp. (A)	20,232		570,340
Newcrest Mining, Ltd.	130,400		2,327,691
Newmont Corp.	87,270		4,277,975
Nippon Steel Corp.	117,900		2,780,258
Norsk Hydro ASA	196,226		1,464,517
Northern Star Resources, Ltd.	169,153		1,387,081
Novagold Resources, Inc. (A)	39,376		244,919
Nucor Corp.	27,817		4,296,892
Olympic Steel, Inc.	1,632		85,207
Pan American Silver Corp., CVR (A)	54,671		30,069
Piedmont Lithium, Inc. (A)	2,777		166,759
Pilbara Minerals, Ltd.	371,816		989,180
Ramaco Resources, Inc.	3,710		32,685
Reliance Steel & Aluminum Company	12,862		3,302,190
Rio Tinto PLC	164,086		11,137,812
Rio Tinto, Ltd.	54,164		4,352,064
Royal Gold, Inc.	14,386		1,866,008
Ryerson Holding Corp.	3,086		112,269
Schnitzer Steel Industries, Inc., Class A	4,159		129,345
South32, Ltd.	669,293		1,961,516
Steel Dynamics, Inc.	18,339		2,073,407
Sumitomo Metal Mining Company, Ltd.	36,107		1,381,595
SunCoke Energy, Inc.	13,436		120,655
TimkenSteel Corp. (A)	7,181		131,700
Tredegar Corp.	4,631		42,281
U.S. Steel Corp.	49,659		1,296,100
voestalpine AG	16,934		575,802
Warrior Met Coal, Inc.	8,063		295,993
Worthington Industries, Inc.	11,668		754,336
			115,474,288
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	2,705		90,401
Glatfelter Corp.	8,400		26,796
Holmen AB, B Shares	13,688		527,703
Louisiana-Pacific Corp.	15,712		851,748
Mondi PLC	70,847		1,124,838
Oji Holdings Corp.	118,438		468,938
Resolute Forest Products, Inc. (A)(D)	7,217		10,248
Stora Enso OYJ, R Shares	80,417		1,046,215
Svenska Cellulosa AB SCA, B Shares (C)	88,402		1,164,302
Sylvamo Corp.	5,632		260,536
UPM-Kymmene OYJ	77,877		2,615,730
			8,187,455
			321,931,959
Real estate – 2.9%
Diversified REITs – 0.1%
Alexander & Baldwin, Inc.	11,704		221,323
American Assets Trust, Inc.	7,914		147,121
Armada Hoffler Properties, Inc.	10,868		128,351
Broadstone Net Lease, Inc.	26,720		454,507
CTO Realty Growth, Inc.	2,961		51,107
Daiwa House REIT Investment Corp.	322		659,780
Empire State Realty Trust, Inc., Class A	21,836		141,716
Essential Properties Realty Trust, Inc.	22,438		557,584
Gladstone Commercial Corp.	6,472		81,741
Global Net Lease, Inc.	16,779		215,778
Land Securities Group PLC	102,787		789,049
Mirvac Group	575,735		806,385
Nomura Real Estate Master Fund, Inc.	619		693,643

 

256

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified REITs (continued)
One Liberty Properties, Inc.	2,861	$	65,603
Safehold, Inc.	6,198		182,025
Star Holdings (A)	1,710		29,737
Stockland	348,302		932,681
The British Land Company PLC	128,496		616,352
The GPT Group	279,498		798,737
			7,573,220
Health care REITs – 0.2%
CareTrust REIT, Inc.	15,426		302,041
Community Healthcare Trust, Inc.	3,771		138,019
Diversified Healthcare Trust	42,769		57,738
Global Medical REIT, Inc.	10,204		92,958
Healthcare Realty Trust, Inc.	83,401		1,612,141
Healthpeak Properties, Inc.	60,118		1,320,792
LTC Properties, Inc.	6,274		220,406
Medical Properties Trust, Inc.	131,265		1,078,998
National Health Investors, Inc.	6,731		347,185
Omega Healthcare Investors, Inc.	51,335		1,407,092
Physicians Realty Trust	85,677		1,279,158
Sabra Health Care REIT, Inc.	87,513		1,006,400
Universal Health Realty Income Trust	2,084		100,261
Ventas, Inc.	43,979		1,906,490
Welltower, Inc.	51,953		3,724,511
			14,594,190
Hotel and resort REITs – 0.1%
Apple Hospitality REIT, Inc.	34,257		531,669
Ashford Hospitality Trust, Inc. (A)	5,964		19,144
Braemar Hotels & Resorts, Inc.	11,940		46,088
Chatham Lodging Trust	7,960		83,500
DiamondRock Hospitality Company	33,707		274,038
Hersha Hospitality Trust, Class A	5,389		36,214
Host Hotels & Resorts, Inc.	78,616		1,296,378
Park Hotels & Resorts, Inc.	49,273		609,014
Pebblebrook Hotel Trust	20,933		293,899
RLJ Lodging Trust	25,864		274,158
Ryman Hospitality Properties, Inc.	8,604		772,037
Service Properties Trust	26,755		266,480
Summit Hotel Properties, Inc.	17,202		120,414
Sunstone Hotel Investors, Inc.	33,905		334,981
Xenia Hotels & Resorts, Inc.	18,388		240,699
			5,198,713
Industrial REITs – 0.4%
CapitaLand Ascendas REIT	490,378		1,057,359
EastGroup Properties, Inc.	9,550		1,578,806
First Industrial Realty Trust, Inc.	28,957		1,540,512
GLP J-REIT	653		705,846
Goodman Group	246,940		3,133,628
Indus Realty Trust, Inc.	943		62,511
Industrial Logistics Properties Trust	12,024		36,914
Innovative Industrial Properties, Inc.	4,447		337,928
LXP Industrial Trust	44,127		454,949
Mapletree Logistics Trust	491,200		633,630
Nippon Prologis REIT, Inc.	312		660,518
Plymouth Industrial REIT, Inc.	6,115		128,476
Prologis, Inc.	101,491		12,663,032
Rexford Industrial Realty, Inc.	41,444		2,472,135
Segro PLC	176,456		1,680,883
STAG Industrial, Inc.	28,769		972,968
Terreno Realty Corp.	11,824		763,830
Warehouses De Pauw CVA	23,810		708,017
			29,591,942
Office REITs – 0.2%
Alexandria Real Estate Equities, Inc.	17,318		2,174,968
Boston Properties, Inc.	15,684		848,818

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Office REITs (continued)
Brandywine Realty Trust	27,661	$	130,837
City Office REIT, Inc.	6,326		43,649
Corporate Office Properties Trust	42,512		1,007,960
Cousins Properties, Inc.	33,207		709,966
Covivio	6,915		402,247
Dexus	156,933		793,426
Douglas Emmett, Inc.	38,524		475,001
Easterly Government Properties, Inc.	14,373		197,485
Equity Commonwealth	16,696		345,774
Franklin Street Properties Corp.	16,903		26,538
Gecina SA	6,708		696,293
Highwoods Properties, Inc.	23,057		534,692
Japan Real Estate Investment Corp.	182		725,314
Kilroy Realty Corp.	23,093		748,213
Nippon Building Fund, Inc.	223		928,246
Office Properties Income Trust	8,189		100,725
Orion Office REIT, Inc.	9,739		65,251
Paramount Group, Inc.	31,239		142,450
Piedmont Office Realty Trust, Inc., Class A	19,898		145,255
Postal Realty Trust, Inc., Class A	3,059		46,558
Vornado Realty Trust	35,310		542,715
			11,832,381
Real estate management and development – 0.5%
Anywhere Real Estate, Inc. (A)	17,730		93,614
Aroundtown SA (C)	145,773		208,389
Azrieli Group, Ltd.	6,192		355,783
CapitaLand Investment, Ltd.	379,584		1,053,162
CBRE Group, Inc., Class A (A)	34,738		2,529,274
City Developments, Ltd.	59,713		331,345
CK Asset Holdings, Ltd.	289,562		1,755,518
Compass, Inc., Class A (A)	45,089		145,637
Cushman & Wakefield PLC (A)	25,590		269,719
Daito Trust Construction Company, Ltd.	9,011		897,764
Daiwa House Industry Company, Ltd.	87,466		2,060,809
DigitalBridge Group, Inc.	26,210		314,258
Douglas Elliman, Inc.	12,765		39,699
ESR Group, Ltd. (B)	291,000		521,846
eXp World Holdings, Inc.	11,328		143,752
Fastighets AB Balder, B Shares (A)	92,066		378,261
Forestar Group, Inc. (A)	2,839		44,175
FRP Holdings, Inc. (A)	1,084		62,742
Hang Lung Properties, Ltd.	295,313		552,593
Henderson Land Development Company, Ltd.	211,709		732,470
Hongkong Land Holdings, Ltd.	162,434		714,623
Hulic Company, Ltd.	56,069		461,182
Jones Lang LaSalle, Inc. (A)	10,401		1,513,241
Kennedy-Wilson Holdings, Inc.	19,055		316,122
LEG Immobilien SE	10,813		594,239
Lendlease Corp., Ltd.	100,560		489,387
Marcus & Millichap, Inc.	4,084		131,137
Mitsubishi Estate Company, Ltd.	164,224		1,953,389
Mitsui Fudosan Company, Ltd.	132,226		2,483,790
New World Development Company, Ltd.	220,392		590,783
Newmark Group, Inc., Class A	22,672		160,518
Nomura Real Estate Holdings, Inc.	17,363		384,479
RE/MAX Holdings, Inc., Class A	3,130		58,719
Redfin Corp. (A)	17,984		162,935
Sagax AB, Class B	27,820		641,261
Sino Land Company, Ltd.	507,722		686,603
Stratus Properties, Inc.	1,027		20,540
Sumitomo Realty & Development Company, Ltd.	45,183		1,020,298
Sun Hung Kai Properties, Ltd.	211,314		2,960,424

 

257

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
Swire Pacific, Ltd., Class A	70,018	$	538,087
Swire Properties, Ltd.	170,687		439,298
Swiss Prime Site AG	11,194		930,866
Tejon Ranch Company (A)	3,611		65,973
The RMR Group, Inc., Class A	2,557		67,096
The St. Joe Company	5,463		227,315
UOL Group, Ltd.	67,770		353,847
Vonovia SE	104,510		1,968,426
Wharf Real Estate Investment Company, Ltd.	243,346		1,401,032
			33,826,420
Residential REITs – 0.2%
Apartment Income REIT Corp.	32,594		1,167,191
Apartment Investment and Management Company, Class A	23,922		183,960
AvalonBay Communities, Inc.	15,382		2,585,099
BRT Apartments Corp.	1,989		39,223
Camden Property Trust	12,109		1,269,508
Centerspace	2,481		135,537
Elme Communities	14,054		251,004
Equity Residential	37,447		2,246,820
Essex Property Trust, Inc.	7,103		1,485,521
Independence Realty Trust, Inc.	84,492		1,354,407
Invitation Homes, Inc.	63,863		1,994,441
Mid-America Apartment Communities, Inc.	12,697		1,917,755
NexPoint Residential Trust, Inc.	3,670		160,269
UDR, Inc.	34,002		1,396,122
UMH Properties, Inc.	7,989		118,157
Veris Residential, Inc. (A)	13,953		204,272
			16,509,286
Retail REITs – 0.4%
Acadia Realty Trust	15,131		211,077
Agree Realty Corp.	31,859		2,185,846
Alexander's, Inc.	326		63,163
Brixmor Property Group, Inc.	65,725		1,414,402
CapitaLand Integrated Commercial Trust	774,530		1,155,157
CBL & Associates Properties, Inc.	4,340		111,278
Federal Realty Investment Trust	8,050		795,582
Getty Realty Corp.	6,612		238,230
InvenTrust Properties Corp.	10,717		250,778
Japan Metropolitan Fund Investment Corp.	1,020		744,857
Kimco Realty Corp.	68,002		1,328,079
Kite Realty Group Trust	82,844		1,733,096
Klepierre SA	31,392		711,725
Link REIT	306,606		1,971,547
Mapletree Pan Asia Commercial Trust	343,800		466,129
National Retail Properties, Inc.	39,766		1,755,669
Necessity Retail REIT, Inc.	22,115		138,882
NETSTREIT Corp.	9,698		177,279
Phillips Edison & Company, Inc.	18,577		605,982
Realty Income Corp.	68,955		4,366,231
Regency Centers Corp.	16,933		1,035,961
Retail Opportunity Investments Corp.	19,429		271,229
RPT Realty	13,912		132,303
Saul Centers, Inc.	1,944		75,816
Scentre Group	757,324		1,401,870
Simon Property Group, Inc.	35,947		4,024,986
SITE Centers Corp.	31,217		383,345
Spirit Realty Capital, Inc.	30,606		1,219,343
Tanger Factory Outlet Centers, Inc.	16,213		318,261
The Macerich Company	81,870		867,822
Unibail-Rodamco-Westfield (A)	17,209		925,947
Urban Edge Properties	18,268		275,116

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Retail REITs (continued)
Urstadt Biddle Properties, Inc., Class A	4,893	$	85,970
Vicinity, Ltd.	564,579		738,382
Whitestone REIT	7,812		71,870
			32,253,210
Specialized REITs – 0.8%
American Tower Corp.	51,193		10,460,778
Crown Castle, Inc.	47,608		6,371,855
CubeSmart	49,215		2,274,717
Digital Realty Trust, Inc.	31,613		3,107,874
EPR Properties	16,441		626,402
Equinix, Inc.	10,174		7,335,861
Extra Space Storage, Inc.	14,724		2,398,981
Farmland Partners, Inc.	7,708		82,476
Four Corners Property Trust, Inc.	12,843		344,963
Gladstone Land Corp.	5,249		87,396
Iron Mountain, Inc.	31,963		1,691,162
Lamar Advertising Company, Class A	19,123		1,910,196
Life Storage, Inc.	18,627		2,441,813
National Storage Affiliates Trust	18,519		773,724
Outfront Media, Inc.	23,479		381,064
PotlatchDeltic Corp.	30,354		1,502,523
Public Storage	17,380		5,251,193
Rayonier, Inc.	32,277		1,073,533
SBA Communications Corp.	11,871		3,099,162
Uniti Group, Inc.	38,415		136,373
VICI Properties, Inc.	110,356		3,599,813
Weyerhaeuser Company	80,570		2,427,574
			57,379,433
			208,758,795
Utilities – 3.0%
Electric utilities – 1.7%
Acciona SA	3,602		722,703
ALLETE, Inc.	21,679		1,395,477
Alliant Energy Corp.	27,600		1,473,840
American Electric Power Company, Inc.	56,499		5,140,844
BKW AG	3,082		484,578
Chubu Electric Power Company, Inc.	94,029		991,951
CK Infrastructure Holdings, Ltd.	91,843		499,706
CLP Holdings, Ltd.	239,834		1,733,071
Constellation Energy Corp.	35,955		2,822,468
Duke Energy Corp.	84,660		8,167,150
Edison International	41,986		2,963,792
EDP - Energias de Portugal SA	405,041		2,207,033
Elia Group SA/NV	4,824		637,039
Endesa SA	46,344		1,006,582
Enel SpA	1,186,730		7,237,803
Entergy Corp.	22,373		2,410,467
Evergy, Inc.	25,237		1,542,485
Eversource Energy	38,296		2,997,045
Exelon Corp.	109,260		4,576,901
FirstEnergy Corp.	59,720		2,392,383
Fortum OYJ	65,460		1,002,751
Hawaiian Electric Industries, Inc.	23,990		921,216
Iberdrola SA	896,572		11,169,313
IDACORP, Inc.	11,080		1,200,296
Mercury NZ, Ltd.	101,117		399,958
MGE Energy, Inc.	5,882		456,855
NextEra Energy, Inc.	218,486		16,840,901
NRG Energy, Inc.	25,330		868,566
OGE Energy Corp.	43,874		1,652,295
Origin Energy, Ltd.	251,365		1,399,873
Orsted A/S (B)	27,602		2,353,566
Otter Tail Corp.	6,562		474,236
PG&E Corp. (A)	177,021		2,862,430

 

258

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Pinnacle West Capital Corp.	12,439	$	985,666
PNM Resources, Inc.	32,318		1,573,240
Portland General Electric Company	33,767		1,650,869
Power Assets Holdings, Ltd.	202,236		1,084,960
PPL Corp.	80,957		2,249,795
Red Electrica Corp. SA	59,211		1,041,895
SSE PLC	157,713		3,519,182
Terna - Rete Elettrica Nazionale	205,294		1,684,927
The Kansai Electric Power Company, Inc.	102,724		1,000,421
The Southern Company	119,698		8,328,587
Tokyo Electric Power Company Holdings, Inc. (A)	222,728		795,632
Verbund AG	9,935		864,173
Xcel Energy, Inc.	60,169		4,057,797
			121,842,718
Gas utilities – 0.3%
APA Group	172,160		1,169,520
Atmos Energy Corp.	15,741		1,768,659
Brookfield Infrastructure Corp., Class A	15,682		722,313
Chesapeake Utilities Corp.	2,797		357,988
Enagas SA	36,314		697,798
Hong Kong & China Gas Company, Ltd.	1,634,022		1,438,613
National Fuel Gas Company	20,117		1,161,556
Naturgy Energy Group SA	21,222		638,857
New Jersey Resources Corp.	36,626		1,948,503
Northwest Natural Holding Company	5,566		264,719
ONE Gas, Inc.	20,445		1,619,857
Osaka Gas Company, Ltd.	54,675		898,190
Snam SpA	294,226		1,559,996
Southwest Gas Holdings, Inc.	24,180		1,510,041
Spire, Inc.	19,634		1,377,129
Tokyo Gas Company, Ltd.	57,096		1,073,017
UGI Corp.	45,924		1,596,318
			19,803,074
Independent power and renewable electricity producers – 0.2%
Altus Power, Inc. (A)(C)	6,869		37,642
Clearway Energy, Inc., Class A	6,354		190,811
Clearway Energy, Inc., Class C	12,480		390,998
Corp ACCIONA Energias Renovables SA	9,608		372,614
EDP Renovaveis SA	42,046		963,103
Meridian Energy, Ltd.	188,306		619,494
Montauk Renewables, Inc. (A)	10,352		81,470
Ormat Technologies, Inc.	17,891		1,516,620
RWE AG	93,733		4,033,177
Sunnova Energy International, Inc. (A)(C)	15,984		249,670
The AES Corp.	73,439		1,768,411
			10,224,010
Multi-utilities – 0.7%
Ameren Corp.	28,424		2,455,549
Avista Corp.	11,578		491,486
Black Hills Corp.	24,626		1,553,901
CenterPoint Energy, Inc.	69,216		2,039,103
CMS Energy Corp.	32,024		1,965,633
Consolidated Edison, Inc.	39,017		3,732,756
Dominion Energy, Inc.	91,617		5,122,306
DTE Energy Company	21,302		2,333,421
E.ON SE	327,585		4,086,530
Engie SA	266,498		4,217,248
National Grid PLC	534,066		7,224,309
NiSource, Inc.	44,653		1,248,498

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
NorthWestern Corp.	21,637	$	1,251,917
Public Service Enterprise Group, Inc.	54,859		3,425,945
Sempra Energy	34,560		5,224,090
Unitil Corp.	2,583		147,334
Veolia Environnement SA	97,109		2,996,510
WEC Energy Group, Inc.	34,682		3,287,507
			52,804,043
Water utilities – 0.1%
American States Water Company	5,905		524,895
American Water Works Company, Inc.	21,216		3,107,932
Artesian Resources Corp., Class A	1,475		81,656
California Water Service Group	8,724		507,737
Essential Utilities, Inc.	52,307		2,283,201
Middlesex Water Company	2,821		220,377
Pure Cycle Corp. (A)	3,525		33,311
Severn Trent PLC	36,703		1,303,798
SJW Group	4,373		332,916
The York Water Company	2,493		111,437
United Utilities Group PLC	99,495		1,302,136
			9,809,396
			214,483,241
TOTAL COMMON STOCKS (Cost $3,839,323,394)		$	6,839,048,815
PREFERRED SECURITIES – 0.1%
Consumer discretionary – 0.1%
Automobiles – 0.1%
Bayerische Motoren Werke AG	8,668		886,028
Dr. Ing. h.c. F. Porsche AG (A)	16,615		2,132,521
Porsche Automobil Holding SE	22,342		1,282,587
Volkswagen AG	27,079		3,695,532
			7,996,668
Consumer staples – 0.0%
Household products – 0.0%
Henkel AG & Company KGaA	25,995		2,033,691
Health care – 0.0%
Life sciences tools and services – 0.0%
Sartorius AG	3,551		1,496,591
TOTAL PREFERRED SECURITIES (Cost $10,442,858)		$	11,526,950
WARRANTS – 0.0%
Chord Energy Corp. (Expiration Date: 9-1-24; Strike Price: $116.37) (A)	917		16,304
Chord Energy Corp. (Expiration Date: 9-1-25; Strike Price: $133.70) (A)	458		6,504
Cie Financiere Richemont SA (Expiration Date: 11-22-23; Strike Price: CHF 67.00) (A)	200,486		251,991
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)	480		9,000
TOTAL WARRANTS (Cost $15,655)		$	283,799
SHORT-TERM INVESTMENTS – 3.9%
Short-term funds – 3.9%
John Hancock Collateral Trust, 4.9438% (E)(F)	27,400,036		273,915,420
TOTAL SHORT-TERM INVESTMENTS (Cost $273,911,092)		$	273,915,420
Total Investments (Strategic Equity Allocation Trust) (Cost $4,123,692,999) – 99.9%		$	7,124,774,984
Other assets and liabilities, net – 0.1%			8,837,717
TOTAL NET ASSETS – 100.0%		$	7,133,612,701

 

259

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

Currency Abbreviations
CHF	Swiss Franc

Security Abbreviations and Legend
ADR	American Depositary Receipt
CVR	Contingent Value Right
(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.

Strategic Equity Allocation Trust (continued)

(C)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $45,502,158.
(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 3-31-23.
(F)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $47,823,586.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
MSCI EAFE Index Futures	821	Long	Jun 2023	$83,633,583	$86,061,325	$2,427,742
Russell 2000 E-Mini Index Futures	167	Long	Jun 2023	15,281,472	15,142,725	(138,747)
S&P 500 E-Mini Index Futures	761	Long	Jun 2023	150,416,003	157,441,388	7,025,385
S&P Mid 400 E-Mini Index Futures	78	Long	Jun 2023	19,336,818	19,731,660	394,842
						$9,709,222

^ 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 – 15.2%
U.S. Government – 12.2%
U.S. Treasury Bonds
2.000%, 02/15/2050	$	3,183,000	$	2,255,951
2.375%, 02/15/2042		4,210,000		3,385,432
2.750%, 11/15/2042		995,000		843,807
3.000%, 02/15/2049 to 08/15/2052		8,210,000		7,193,767
3.625%, 02/15/2053		3,890,000		3,862,041
U.S. Treasury Notes
0.500%, 02/28/2026		1,775,000		1,613,239
1.500%, 01/31/2027		4,680,000		4,308,525
1.875%, 02/15/2032		1,509,000		1,324,383
2.375%, 03/31/2029		2,195,000		2,049,153
2.625%, 05/31/2027		1,015,000		973,211
2.750%, 08/15/2032		4,205,000		3,957,299
2.875%, 05/15/2032		10,035,000		9,549,714
3.500%, 02/15/2033		4,805,000		4,812,508
				46,129,030
U.S. Government Agency – 3.0%
Federal Home Loan Mortgage Corp.
4.500%, 08/01/2052		877,148		859,842
5.000%, 08/01/2052 to 11/01/2052		2,869,321		2,894,743
5.500%, 11/01/2052		727,641		741,797
Federal National Mortgage Association
4.500%, 09/01/2052		2,089,346		2,062,486
5.000%, 11/01/2052		788,361		794,399
5.500%, 10/01/2052 to 12/01/2052		3,923,685		3,990,806
				11,344,073
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $58,722,429)			$	57,473,103
FOREIGN GOVERNMENT OBLIGATIONS – 22.6%
Australia – 1.5%
Commonwealth of Australia
0.500%, 09/21/2026	AUD	775,000		477,788

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Australia (continued)
Commonwealth of Australia (continued)
1.000%, 12/21/2030	AUD	905,000	$	516,075
New South Wales Treasury Corp.
1.250%, 03/20/2025		1,370,000		880,221
1.500%, 02/20/2032		2,750,000		1,503,057
3.000%, 05/20/2027		1,260,000		830,887
Queensland Treasury Corp. 2.750%, 08/20/2027 (A)		910,000		593,442
Western Australian Treasury Corp. 1.500%, 10/22/2030		1,600,000		916,208
				5,717,678
Austria – 0.2%
Republic of Austria 0.500%, 02/20/2029 (A)	EUR	755,000		718,090
Brazil – 0.6%
Federative Republic of Brazil 10.000%, 01/01/2025 to 01/01/2027	BRL	12,035,000		2,355,176
Canada – 2.5%
CPPIB Capital, Inc. 2.250%, 12/01/2031 (A)	CAD	635,000		421,910
Government of Canada
1.250%, 03/01/2025		3,065,000		2,167,884
1.500%, 09/01/2024		885,000		633,016
2.750%, 09/01/2027		1,795,000		1,309,759
Province of Ontario
1.350%, 12/02/2030		4,255,000		2,690,646
3.450%, 06/02/2045		1,060,000		709,255
Province of Quebec
0.200%, 04/07/2025	EUR	285,000		290,136
1.500%, 12/15/2023	GBP	497,000		599,098
3.000%, 09/01/2023	CAD	650,000		478,047
				9,299,751

 

260

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
China – 0.4%
People's Republic of China
1.990%, 04/09/2025	CNY	6,030,000	$	869,161
2.690%, 08/12/2026		4,220,000		615,785
				1,484,946
Colombia – 0.3%
Republic of Colombia
3.250%, 04/22/2032	$	955,000		709,924
4.500%, 03/15/2029		235,000		206,878
5.625%, 02/26/2044		235,000		177,484
				1,094,286
Germany – 0.8%
Federal Republic of Germany, Zero Coupon 0.000%, 02/15/2032	EUR	3,280,000		2,923,985
Greece – 0.6%
Republic of Greece
1.500%, 06/18/2030 (A)		1,020,000		927,895
2.000%, 04/22/2027 (A)		779,000		792,507
4.200%, 01/30/2042		685,000		731,620
				2,452,022
India – 0.7%
Export-Import Bank of India 3.875%, 02/01/2028 (A)	$	630,000		593,309
Republic of India
5.220%, 06/15/2025	INR	80,250,000		939,854
6.100%, 07/12/2031		33,840,000		380,746
6.450%, 10/07/2029		33,000,000		384,776
7.270%, 04/08/2026		15,300,000		186,372
				2,485,057
Indonesia – 3.4%
Perusahaan Penerbit SBSN Indonesia III 4.150%, 03/29/2027 (A)	$	940,000		925,900
Republic of Indonesia
1.100%, 03/12/2033	EUR	261,000		208,128
2.150%, 07/18/2024 (A)		740,000		785,197
2.625%, 06/14/2023 (A)		850,000		918,599
3.050%, 03/12/2051	$	545,000		402,047
3.850%, 10/15/2030		405,000		385,262
5.125%, 04/15/2027	IDR	6,216,000,000		398,348
6.375%, 08/15/2028 to 04/15/2032		44,995,000,000		2,968,169
6.500%, 06/15/2025		27,798,000,000		1,862,587
6.625%, 05/15/2033		6,431,000,000		424,039
7.500%, 06/15/2035 to 05/15/2038		10,834,000,000		757,633
8.125%, 05/15/2024		3,514,000,000		239,391
8.375%, 09/15/2026		12,897,000,000		915,253
8.750%, 05/15/2031		17,423,000,000		1,312,636
9.000%, 03/15/2029		6,709,000,000		502,949
				13,006,138
Ireland – 0.1%
Republic of Ireland 1.100%, 05/15/2029	EUR	315,000		312,436
Italy – 0.2%
Republic of Italy 1.250%, 02/17/2026	$	742,000		660,754
Japan – 1.1%
Government of Japan
0.005%, 03/20/2027	JPY	107,000,000		805,382
0.100%, 06/20/2025		447,900,000		3,385,775
				4,191,157
Malaysia – 1.2%
Government of Malaysia
3.733%, 06/15/2028	MYR	1,930,000		438,306

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Malaysia (continued)
Government of Malaysia (continued)
3.828%, 07/05/2034	MYR	1,965,000	$	434,242
3.844%, 04/15/2033		4,313,000		962,769
3.882%, 03/14/2025		2,835,000		650,642
3.899%, 11/16/2027		3,370,000		775,725
3.900%, 11/30/2026		1,805,000		415,038
3.906%, 07/15/2026		3,855,000		887,808
				4,564,530
Mexico – 1.8%
Government of Mexico
5.000%, 03/06/2025	MXN	46,880,000		2,358,595
7.500%, 05/26/2033		46,370,000		2,345,596
7.750%, 05/29/2031		40,230,000		2,093,880
				6,798,071
New Zealand – 1.6%
Government of New Zealand
0.500%, 05/15/2024 to 05/15/2026	NZD	5,350,000		3,075,189
3.500%, 04/14/2033		2,285,000		1,346,897
4.500%, 04/15/2027		1,945,000		1,209,381
New Zealand Local Government Funding Agency 1.500%, 04/15/2026		680,000		384,634
				6,016,101
Norway – 1.4%
Kingdom of Norway
1.250%, 09/17/2031 (A)	NOK	11,450,000		954,519
1.500%, 02/19/2026 (A)		3,580,000		327,895
1.750%, 03/13/2025 to 02/17/2027 (A)		19,650,000		1,812,400
2.125%, 05/18/2032 (A)		10,990,000		978,985
Kommunalbanken AS
4.250%, 07/16/2025	AUD	1,070,000		723,216
5.250%, 07/15/2024		764,000		520,002
				5,317,017
Philippines – 1.0%
Republic of the Philippines
0.875%, 05/17/2027	EUR	1,465,000		1,394,545
2.625%, 08/12/2025	PHP	54,695,000		933,722
4.625%, 07/17/2028	$	465,000		467,374
6.125%, 08/22/2028	PHP	11,655,000		215,898
6.250%, 01/14/2036		43,000,000		770,904
				3,782,443
Portugal – 0.4%
Republic of Portugal 1.650%, 07/16/2032 (A)	EUR	1,780,000		1,703,568
Qatar – 0.2%
State of Qatar 4.817%, 03/14/2049 (A)	$	710,000		694,969
Singapore – 0.3%
Republic of Singapore
1.250%, 11/01/2026	SGD	200,000		141,512
3.375%, 09/01/2033		1,250,000		974,038
				1,115,550
South Korea – 1.5%
Republic of Korea
2.125%, 06/10/2027	KRW	1,303,700,000		958,598
2.375%, 03/10/2027		3,972,830,000		2,955,184
3.125%, 09/10/2024 to 09/10/2027		2,122,530,000		1,625,878
				5,539,660
Sweden – 0.1%
Kingdom of Sweden 0.125%, 04/24/2023 (A)	EUR	435,000		471,022

 

261

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
United Arab Emirates – 0.3%
Government of Abu Dhabi
1.700%, 03/02/2031 (A)	$	465,000	$	391,679
3.125%, 04/16/2030 (A)		330,000		310,646
3.875%, 04/16/2050 (A)		475,000		403,288
				1,105,613
United Kingdom – 0.4%
Government of United Kingdom
0.125%, 01/31/2024	GBP	260,000		310,953
0.250%, 01/31/2025		335,000		386,856
4.250%, 12/07/2027		750,000		959,867
				1,657,676
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $92,260,955)			$	85,467,696
CORPORATE BONDS – 45.0%
Communication services – 4.8%
AT&T, Inc. 0.900%, 03/25/2024	$	315,000		301,317
CCO Holdings LLC
4.250%, 02/01/2031 (A)		1,645,000		1,345,051
4.500%, 06/01/2033 (A)		510,000		410,576
4.750%, 03/01/2030 (A)		515,000		446,193
Cellnex Telecom SA 1.875%, 06/26/2029	EUR	500,000		452,385
Charter Communications Operating LLC
2.800%, 04/01/2031	$	230,000		185,142
5.125%, 07/01/2049		1,395,000		1,104,231
5.750%, 04/01/2048		790,000		681,760
CT Trust 5.125%, 02/03/2032 (A)		360,000		301,169
Globo Comunicacao e Participacoes SA 5.500%, 01/14/2032 (A)		550,000		438,581
IHS Holding, Ltd. 6.250%, 11/29/2028 (A)		370,000		296,370
LCPR Senior Secured Financing DAC 5.125%, 07/15/2029 (A)		785,000		661,578
Match Group Holdings II LLC 4.125%, 08/01/2030 (A)		705,000		607,005
Millicom International Cellular SA 4.500%, 04/27/2031 (A)		530,000		425,670
News Corp. 3.875%, 05/15/2029 (A)		1,685,000		1,497,544
Sirius XM Radio, Inc. 4.125%, 07/01/2030 (A)		1,160,000		948,300
T-Mobile USA, Inc.
2.625%, 02/15/2029		435,000		383,240
2.875%, 02/15/2031		400,000		345,055
3.375%, 04/15/2029		470,000		428,493
3.500%, 04/15/2031		785,000		705,847
4.750%, 02/01/2028		165,000		162,889
Total Play Telecomunicaciones SA de CV 7.500%, 11/12/2025 (A)		895,000		535,658
Virgin Media Finance PLC 5.000%, 07/15/2030 (A)		720,000		595,102
Virgin Media Secured Finance PLC
4.500%, 08/15/2030 (A)		670,000		576,073
5.500%, 05/15/2029 (A)		1,161,000		1,081,173
Vmed O2 UK Financing I PLC
3.250%, 01/31/2031 (A)	EUR	735,000		647,743
4.250%, 01/31/2031 (A)	$	1,225,000		1,042,206
WMG Acquisition Corp. 3.000%, 02/15/2031 (A)		1,910,000		1,596,798
				18,203,149

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 5.7%
BMW Finance NV 1.000%, 11/14/2024	EUR	410,000	$	430,251
Carnival Corp. 5.750%, 03/01/2027 (A)	$	1,165,000		955,684
Duke University 3.299%, 10/01/2046		781,000		634,355
Ford Motor Company 3.250%, 02/12/2032		580,000		455,855
Ford Motor Credit Company LLC
2.748%, 06/14/2024	GBP	316,000		370,354
2.900%, 02/16/2028	$	360,000		309,456
3.625%, 06/17/2031		1,220,000		1,005,317
4.000%, 11/13/2030		255,000		216,680
4.125%, 08/17/2027		205,000		187,829
4.542%, 08/01/2026		445,000		421,860
4.950%, 05/28/2027		1,115,000		1,063,504
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (A)		485,000		409,219
4.875%, 01/15/2030		710,000		680,081
Hyatt Hotels Corp. 6.000%, 04/23/2030		1,104,000		1,121,246
Massachusetts Institute of Technology 2.989%, 07/01/2050		465,000		356,537
MercadoLibre, Inc.
2.375%, 01/14/2026		565,000		505,712
3.125%, 01/14/2031		450,000		354,580
MGM Resorts International 4.750%, 10/15/2028		105,000		97,750
New Red Finance, Inc.
3.500%, 02/15/2029 (A)		1,618,000		1,448,515
3.875%, 01/15/2028 (A)		970,000		902,100
4.000%, 10/15/2030 (A)		2,124,000		1,821,330
Premier Entertainment Sub LLC
5.625%, 09/01/2029 (A)		210,000		155,003
5.875%, 09/01/2031 (A)		503,000		361,582
Royal Caribbean Cruises, Ltd.
5.500%, 04/01/2028 (A)		1,235,000		1,090,363
11.625%, 08/15/2027 (A)		264,000		283,548
Travel + Leisure Company
4.500%, 12/01/2029 (A)		895,000		776,138
6.625%, 07/31/2026 (A)		372,000		373,445
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028 (A)		660,000		608,013
Yum! Brands, Inc.
3.625%, 03/15/2031		1,795,000		1,576,010
4.625%, 01/31/2032		875,000		813,750
4.750%, 01/15/2030 (A)		1,773,000		1,693,906
				21,479,973
Consumer staples – 3.1%
Becle SAB de CV 2.500%, 10/14/2031 (A)		795,000		645,511
Darling Ingredients, Inc. 6.000%, 06/15/2030 (A)		1,295,000		1,290,597
JBS USA LUX SA
3.625%, 01/15/2032 (A)		1,070,000		886,998
5.750%, 04/01/2033 (A)		735,000		701,925
Kraft Heinz Foods Company
4.250%, 03/01/2031		1,525,000		1,475,688
4.375%, 06/01/2046		280,000		243,935
4.625%, 10/01/2039		1,090,000		999,120
6.875%, 01/26/2039		1,220,000		1,381,416
7.125%, 08/01/2039 (A)		165,000		188,621
MARB BondCo PLC 3.950%, 01/29/2031 (A)		1,205,000		916,235

 

262

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Natura & Company Luxembourg Holdings Sarl 6.000%, 04/19/2029 (A)	$	390,000	$	338,316
Natura Cosmeticos SA 4.125%, 05/03/2028 (A)		830,000		675,809
NBM US Holdings, Inc. 7.000%, 05/14/2026 (A)		205,000		203,509
Post Holdings, Inc.
4.500%, 09/15/2031 (A)		515,000		453,252
5.500%, 12/15/2029 (A)		285,000		268,565
5.625%, 01/15/2028 (A)		1,255,000		1,229,900
				11,899,397
Energy – 6.3%
Aker BP ASA 3.750%, 01/15/2030 (A)		750,000		676,644
Cenovus Energy, Inc.
3.500%, 02/07/2028	CAD	510,000		359,989
5.250%, 06/15/2037	$	194,000		183,228
5.400%, 06/15/2047		777,000		722,363
6.750%, 11/15/2039		1,806,000		1,921,472
Cheniere Energy Partners LP
4.000%, 03/01/2031		1,252,000		1,114,205
4.500%, 10/01/2029		390,000		362,314
Continental Resources, Inc.
2.875%, 04/01/2032 (A)		1,206,000		936,453
5.750%, 01/15/2031 (A)		1,490,000		1,431,866
Ecopetrol SA
4.625%, 11/02/2031		435,000		334,719
5.375%, 06/26/2026		230,000		219,650
5.875%, 05/28/2045		235,000		163,149
6.875%, 04/29/2030		470,000		433,241
Enbridge, Inc. 3.125%, 11/15/2029		990,000		892,197
EQT Corp.
3.625%, 05/15/2031 (A)		2,425,000		2,102,022
3.900%, 10/01/2027		325,000		305,474
Kinder Morgan, Inc. 5.300%, 12/01/2034		230,000		225,724
MC Brazil Downstream Trading SARL 7.250%, 06/30/2031 (A)		921,481		724,284
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/2026 (A)		1,180,000		1,123,942
Occidental Petroleum Corp.
3.200%, 08/15/2026		154,000		141,734
3.400%, 04/15/2026		238,000		223,725
6.125%, 01/01/2031		955,000		990,813
6.625%, 09/01/2030		1,160,000		1,221,677
7.500%, 05/01/2031		335,000		369,472
Ovintiv, Inc. 6.500%, 08/15/2034 to 02/01/2038		1,375,000		1,382,788
Pertamina Persero PT
3.100%, 01/21/2030 (A)		255,000		225,100
3.650%, 07/30/2029 (A)		295,000		272,875
Petrorio Luxembourg Trading Sarl 6.125%, 06/09/2026 (A)		505,000		474,321
QatarEnergy
2.250%, 07/12/2031 (A)		935,000		794,541
3.300%, 07/12/2051 (A)		295,000		219,716
Southwestern Energy Company 5.700%, 01/23/2025		17,000		17,008
The Williams Companies, Inc. 3.500%, 11/15/2030		80,000		72,456
TransCanada PipeLines, Ltd. 4.100%, 04/15/2030		1,460,000		1,369,090

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Transcontinental Gas Pipe Line Company LLC 3.250%, 05/15/2030	$	80,000	$	72,450
Var Energi ASA 7.500%, 01/15/2028 (A)		680,000		703,998
Western Midstream Operating LP 4.300%, 02/01/2030		975,000		887,538
				23,672,238
Financials – 7.0%
American International Group, Inc. 8.175%, (8.175% to 5-15-38, then 3 month LIBOR + 4.195%), 05/15/2058		1,700,000		1,839,747
Asian Development Bank 3.000%, 10/14/2026	AUD	565,000		370,384
Bank of Montreal 7.325%, (7.325% to 11-26-27, then 5 Year Canada Government Bond Yield + 4.098%), 11/26/2082	CAD	1,230,000		901,299
Berkshire Hathaway Finance Corp. 2.375%, 06/19/2039	GBP	610,000		542,793
Berkshire Hathaway, Inc., Zero Coupon 0.000%, 03/12/2025	EUR	975,000		987,589
Capital One Financial Corp. 0.800%, 06/12/2024		155,000		157,414
Chubb INA Holdings, Inc. 0.300%, 12/15/2024		875,000		893,974
European Investment Bank 4.477%, (SONIA + 0.350%), 06/29/2023 (B)	GBP	550,000		678,899
Inter-American Development Bank
2.700%, 01/29/2026	AUD	582,000		379,435
2.750%, 10/30/2025		500,000		327,315
International Bank for Reconstruction & Development
1.800%, 01/19/2027	CAD	625,000		434,207
1.900%, 01/16/2025		705,000		501,862
2.875%, 11/30/2026	NZD	715,000		418,138
International Finance Corp.
0.375%, 09/10/2025		1,240,000		693,307
2.550%, 09/18/2023	CNY	3,110,000		452,159
3.600%, 02/24/2026	AUD	1,395,000		932,975
MSCI, Inc.
3.250%, 08/15/2033 (A)	$	390,000		319,390
3.625%, 09/01/2030 to 11/01/2031 (A)		2,374,000		2,052,719
3.875%, 02/15/2031 (A)		765,000		680,927
Nordea Eiendomskreditt AS
3.670%, (3 month NIBOR + 0.300%), 06/21/2023 (B)	NOK	7,000,000		668,657
3.700%, (3 month NIBOR + 0.340%), 06/19/2024 (B)		8,000,000		765,348
Nordic Investment Bank
1.875%, 04/10/2024		3,920,000		367,468
3.000%, 08/23/2027		3,830,000		361,450
Popular, Inc.
6.125%, 09/14/2023	$	715,000		704,275
7.250%, 03/13/2028		750,000		741,728
QNB Finance, Ltd. 3.500%, 03/28/2024		330,000		324,188
Royal Bank of Canada 4.200%, (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%), 02/24/2027 (C)	CAD	615,000		346,666

 

263

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Shinhan Financial Group Company, Ltd. 2.875%, (2.875% to 5-12-26, then 5 Year CMT + 2.064%), 05/12/2026 (A)(C)	$	880,000	$	741,576
Swiss Insured Brazil Power Finance Sarl 9.850%, 07/16/2032 (A)	BRL	8,090,710		1,408,725
The Bank of Nova Scotia 8.625%, (8.625% to 10-27-27, then 5 Year CMT + 4.389%), 10/27/2082	$	885,000		901,506
The Goldman Sachs Group, Inc.
0.250%, 01/26/2028	EUR	80,000		72,406
1.375%, 05/15/2024		983,000		1,038,998
2.000%, 11/01/2028		328,000		321,204
The Toronto-Dominion Bank 8.125%, (8.125% to 10-31-27, then 5 Year CMT + 4.075%), 10/31/2082	$	960,000		974,400
U.S. Bancorp
0.850%, 06/07/2024	EUR	2,560,000		2,656,186
3.700%, (3.700% to 1-15-27, then 5 Year CMT + 2.541%), 01/15/2027 (C)	$	637,000		496,860
				26,456,174
Health care – 3.7%
Allergan Funding SCS
1.250%, 06/01/2024	EUR	520,000		540,624
2.625%, 11/15/2028		300,000		297,201
Becton Dickinson Euro Finance Sarl 1.208%, 06/04/2026		745,000		749,142
Centene Corp.
2.500%, 03/01/2031	$	905,000		732,869
3.000%, 10/15/2030		1,795,000		1,511,535
3.375%, 02/15/2030		1,765,000		1,539,864
4.625%, 12/15/2029		260,000		244,462
DH Europe Finance II Sarl 0.450%, 03/18/2028	EUR	1,630,000		1,529,416
HCA, Inc.
3.500%, 09/01/2030	$	3,693,000		3,289,307
4.125%, 06/15/2029		1,175,000		1,100,662
Rede D'or Finance Sarl
4.500%, 01/22/2030 (A)		367,000		301,432
4.950%, 01/17/2028 (A)		310,000		279,775
Thermo Fisher Scientific, Inc.
0.500%, 03/01/2028	EUR	650,000		617,584
0.750%, 09/12/2024		282,000		294,216
1.400%, 01/23/2026		468,000		481,429
UnitedHealth Group, Inc. 0.550%, 05/15/2024	$	395,000		376,738
				13,886,256
Industrials – 4.3%
AECOM 5.125%, 03/15/2027		1,235,000		1,223,354
Airbus SE 1.625%, 06/09/2030	EUR	255,000		242,988
American Airlines, Inc.
5.500%, 04/20/2026 (A)	$	970,000		954,588
5.750%, 04/20/2029 (A)		790,000		757,796
DAE Funding LLC 3.375%, 03/20/2028 (A)		640,000		575,245
Delta Air Lines 2020-1 Class A Pass Through Trust 2.500%, 06/10/2028		418,015		366,640
Delta Air Lines, Inc.
2.900%, 10/28/2024		540,000		516,637
4.750%, 10/20/2028 (A)		3,217,000		3,102,835
7.375%, 01/15/2026		165,000		171,689

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Indian Railway Finance Corp., Ltd. 3.249%, 02/13/2030 (A)	$	645,000	$	560,705
Johnson Controls International PLC 0.375%, 09/15/2027	EUR	240,000		225,656
Movida Europe SA 5.250%, 02/08/2031 (A)	$	235,000		170,963
Simpar Finance Sarl 10.750%, 02/12/2028 (A)	BRL	2,602,000		372,246
Singapore Airlines, Ltd. 3.375%, 01/19/2029	$	420,000		389,151
The Boeing Company
5.040%, 05/01/2027		845,000		851,128
5.150%, 05/01/2030		2,425,000		2,440,161
Uber Technologies, Inc. 8.000%, 11/01/2026 (A)		500,000		512,615
United Rentals North America, Inc.
3.875%, 02/15/2031		1,120,000		988,400
4.000%, 07/15/2030		660,000		593,030
4.875%, 01/15/2028		530,000		506,813
6.000%, 12/15/2029 (A)		670,000		679,226
				16,201,866
Information technology – 1.0%
Apple, Inc. 0.875%, 05/24/2025	EUR	865,000		895,975
CDW LLC 4.250%, 04/01/2028	$	165,000		153,764
Dell International LLC 8.350%, 07/15/2046		541,000		659,038
Fidelity National Information Services, Inc.
1.000%, 12/03/2028	EUR	425,000		395,822
1.500%, 05/21/2027		820,000		809,966
Fiserv, Inc. 1.125%, 07/01/2027		290,000		280,842
Gartner, Inc. 3.750%, 10/01/2030 (A)	$	475,000		426,370
				3,621,777
Materials – 4.5%
Ardagh Metal Packaging Finance USA LLC 3.250%, 09/01/2028 (A)		960,000		826,140
Ball Corp.
2.875%, 08/15/2030		1,220,000		1,016,205
4.875%, 03/15/2026		1,035,000		1,027,238
6.875%, 03/15/2028		1,120,000		1,159,200
Berry Global, Inc. 5.625%, 07/15/2027 (A)		590,000		586,056
Braskem Idesa SAPI 6.990%, 02/20/2032 (A)		480,000		362,273
Braskem Netherlands Finance BV
4.500%, 01/31/2030 (A)		570,000		484,096
5.875%, 01/31/2050 (A)		585,000		439,326
Cemex SAB de CV 3.875%, 07/11/2031 (A)		1,355,000		1,128,869
Cleveland-Cliffs, Inc.
4.625%, 03/01/2029 (A)(D)		1,675,000		1,537,033
4.875%, 03/01/2031 (A)		790,000		718,128
CSN Islands XI Corp. 6.750%, 01/28/2028 (A)		835,000		784,383
Ecolab, Inc. 1.000%, 01/15/2024	EUR	330,000		350,885
FMG Resources August 2006 Proprietary, Ltd. 4.375%, 04/01/2031 (A)	$	440,000		385,880

 

264

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Freeport-McMoRan, Inc.
4.125%, 03/01/2028	$	140,000	$	131,818
4.625%, 08/01/2030		985,000		930,380
5.450%, 03/15/2043		1,905,000		1,781,910
FS Luxembourg Sarl 10.000%, 12/15/2025 (A)		870,000		864,657
Indonesia Asahan Aluminium Persero PT 4.750%, 05/15/2025 (A)		1,090,000		1,073,605
Sealed Air Corp. 5.000%, 04/15/2029 (A)		425,000		399,350
St. Mary's Cement, Inc. 5.750%, 01/28/2027 (A)		830,000		826,680
				16,814,112
Real estate – 2.2%
American Tower Corp.
0.500%, 01/15/2028	EUR	270,000		244,419
1.950%, 05/22/2026		305,000		310,889
American Tower Trust I 5.490%, 03/15/2028 (A)	$	730,000		736,828
Crown Castle, Inc. 2.250%, 01/15/2031		215,000		178,187
Host Hotels & Resorts LP
3.375%, 12/15/2029		240,000		202,934
3.500%, 09/15/2030		240,000		202,711
SBA Communications Corp.
3.125%, 02/01/2029		955,000		830,793
3.875%, 02/15/2027		2,400,000		2,265,680
SBA Tower Trust 6.599%, 01/15/2028 (A)		950,000		1,002,625
VICI Properties LP
4.125%, 08/15/2030 (A)		895,000		790,541
4.625%, 12/01/2029 (A)		785,000		714,597
5.125%, 05/15/2032		925,000		871,480
				8,351,684
Utilities – 2.4%
Brazos Securitization LLC 5.014%, 09/01/2031 (A)		725,000		725,174
DPL, Inc. 4.125%, 07/01/2025		1,330,000		1,270,669
E.ON SE 0.375%, 09/29/2027	EUR	315,000		301,252
EDP Finance BV 0.375%, 09/16/2026		130,000		126,120
Engie SA 0.375%, 06/21/2027		300,000		287,333
FirstEnergy Corp.
4.150%, 07/15/2027	$	890,000		847,725
7.375%, 11/15/2031		1,355,000		1,519,894
Greenko Dutch BV 3.850%, 03/29/2026 (A)		578,100		517,261
Greenko Solar Mauritius, Ltd. 5.550%, 01/29/2025 (A)		430,000		411,725
Greenko Wind Projects Mauritius, Ltd. 5.500%, 04/06/2025 (A)		775,000		732,886
Israel Electric Corp., Ltd.
3.750%, 02/22/2032 (A)		490,000		427,756
6.875%, 06/21/2023 (A)		390,000		390,420
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.125%, 05/15/2027 (A)		1,440,000		1,378,800
The AES Corp. 3.950%, 07/15/2030 (A)		160,000		143,248

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
United Electric Securitization LLC 5.109%, 06/01/2031 (A)	$	170,000	$	171,519
				9,251,782
TOTAL CORPORATE BONDS (Cost $190,997,390)			$	169,838,408
CONVERTIBLE BONDS – 2.5%
Communication services – 0.6%
Liberty Broadband Corp. 3.125%, 03/31/2053 (A)		1,960,000		1,915,900
Liberty Media Corp. 0.500%, 12/01/2050 (A)		500,000		492,300
				2,408,200
Consumer discretionary – 0.8%
Burlington Stores, Inc. 2.250%, 04/15/2025		705,000		809,428
Carnival Corp. 5.750%, 12/01/2027 (A)		1,310,000		1,414,145
Marriott Vacations Worldwide Corp. 3.250%, 12/15/2027 (A)		755,000		736,125
				2,959,698
Industrials – 1.1%
Air Canada 4.000%, 07/01/2025		500,000		587,865
American Airlines Group, Inc. 6.500%, 07/01/2025		1,395,000		1,611,923
Southwest Airlines Company 1.250%, 05/01/2025		915,000		1,039,440
Uber Technologies, Inc. 4.768%, 12/15/2025 (E)		945,000		831,393
				4,070,621
TOTAL CONVERTIBLE BONDS (Cost $10,111,392)			$	9,438,519
MUNICIPAL BONDS – 0.8%
Board of Regents of the University of Texas System 2.439%, 08/15/2049		1,210,000		813,085
City of Norfolk (Virginia) 1.804%, 10/01/2031		410,000		332,964
City of San Antonio (Texas) 5.718%, 02/01/2041		240,000		260,254
Commonwealth of Massachusetts 2.900%, 09/01/2049		595,000		420,638
Louisiana Local Government Environmental Facilities & Community Development Authority 5.198%, 12/01/2039		730,000		750,271
South Carolina Public Service Authority 5.740%, 01/01/2030		245,000		252,757
State Board of Administration Finance Corp. (Florida) 2.154%, 07/01/2030		333,000		282,393
TOTAL MUNICIPAL BONDS (Cost $3,071,929)			$	3,112,362
TERM LOANS (F) – 0.8%
Industrials – 0.8%
AAdvantage Loyalty IP, Ltd., 2021 Term Loan (3 month LIBOR + 4.750%) 9.558%, 04/20/2028		605,000		613,488
Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) 10.213%, 06/21/2027		709,750		735,571

 

265

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (F) (continued)
Industrials (continued)
United Airlines, Inc., 2021 Term Loan B (3 month LIBOR + 3.750%) 8.568%, 04/21/2028	$	1,545,440	$	1,531,918
				2,880,977
TOTAL TERM LOANS (Cost $2,916,803)			$	2,880,977
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.6%
Commercial and residential – 3.4%
Arroyo Mortgage Trust Series 2019-1, Class A1 3.805%, 01/25/2049 (A)(G)		270,075		253,575
BOCA Commercial Mortgage Trust Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%) 7.146%, 05/15/2039 (A)(B)		300,000		290,420
BX Commercial Mortgage Trust
Series 2019-XL, Class A (1 month CME Term SOFR + 1.034%), 5.862%, 10/15/2036 (A)(B)		1,764,986		1,744,960
Series 2021-CIP, Class A (1 month LIBOR + 0.921%), 5.605%, 12/15/2038 (A)(B)		470,000		452,913
Series 2021-VOLT, Class A (1 month LIBOR + 0.700%), 5.384%, 09/15/2036 (A)(B)		535,000		514,371
BX Trust
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (A)		595,000		581,016
Series 2022-GPA, Class A (1 month CME Term SOFR + 2.165%), 6.992%, 10/15/2039 (A)(B)		795,000		785,036
Series 2022-GPA, Class B (1 month CME Term SOFR + 2.664%), 7.491%, 10/15/2039 (A)(B)		480,000		471,578
Series 2022-GPA, Class D (1 month CME Term SOFR + 4.061%), 8.888%, 10/15/2039 (A)(B)		330,000		323,430
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class A (1 month LIBOR + 1.070%) 5.754%, 12/15/2037 (A)(B)		364,300		359,031
COLT Mortgage Loan Trust Series 2022-5, Class A1 4.550%, 04/25/2067 (A)(G)		348,579		336,694
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class A (1 month LIBOR + 0.980%), 5.664%, 05/15/2036 (A)(B)		1,032,431		1,021,986
Series 2019-NQM1, Class A1 (2.656% to 11-1-23, then 3.656% thereafter), 2.656%, 10/25/2059 (A)		86,558		82,726
GCAT Trust Series 2022-NQM4, Class A1 (5.269% to 8-1-26, then 6.269% thereafter) 5.269%, 08/25/2067 (A)		395,605		387,420
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2047 (A)		3,327,329		34,763
Series 2007-4, Class ES IO, 0.350%, 07/19/2047		3,440,117		45,309
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (A)		3,511,570		43,726

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
InTown Mortgage Trust Series 2022-STAY, Class B (1 month CME Term SOFR + 3.286%) 8.113%, 08/15/2039 (A)(B)	$	640,000	$	632,608
Life Mortgage Trust
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%), 6.122%, 05/15/2039 (A)(B)		1,155,000		1,129,159
Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%), 6.621%, 05/15/2039 (A)(B)		1,090,000		1,054,475
Series 2022-BMR2, Class D (1 month CME Term SOFR + 2.542%), 7.369%, 05/15/2039 (A)(B)		880,000		840,312
Morgan Stanley Mortgage Loan Trust Series 2004-9, Class 1A 5.360%, 11/25/2034 (G)		71,251		72,405
SCOTT Trust Series 2023-SFS, Class AS 6.204%, 03/15/2040 (A)		300,000		295,705
Verus Securitization Trust
Series 2022-4, Class A2, 4.740%, 04/25/2067 (A)(G)		472,125		447,482
Series 2022-8, Class A3 (6.127% to 10-1-26, then 7.127% thereafter), 6.127%, 09/25/2067 (A)		295,569		288,781
Series 2022-INV1, Class A1 (5.041% to 8-1-26, then 6.041% thereafter), 5.041%, 08/25/2067 (A)		540,352		529,109
				13,018,990
U.S. Government Agency – 2.2%
Federal Home Loan Mortgage Corp.
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%), 6.560%, 04/25/2042 (A)(B)		641,654		641,653
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%), 6.760%, 05/25/2042 (A)(B)		757,139		760,575
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%), 7.910%, 05/25/2042 (A)(B)		1,165,000		1,172,975
Series 2022-DNA6, Class M1A (1 month SOFR + 2.150%), 6.710%, 09/25/2042 (A)(B)		775,397		777,427
Series 2022-DNA7, Class M1A (1 month SOFR + 2.500%), 7.060%, 03/25/2052 (A)(B)		595,708		600,148
Series 2022-HQA1, Class M1B (1 month SOFR + 3.500%), 8.060%, 03/25/2042 (A)(B)		365,000		362,264
Series 2022-HQA3, Class M1B (1 month SOFR + 3.550%), 8.110%, 08/25/2042 (A)(B)		540,000		527,850
Federal National Mortgage Association
Series 2022-R01, Class 1M1 (1 month SOFR + 1.000%), 5.560%, 12/25/2041 (A)(B)		240,142		237,362
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%), 6.660%, 03/25/2042 (A)(B)		95,728		95,549

 

266

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%), 6.560%, 03/25/2042 (A)(B)	$	195,237	$	195,355
Series 2022-R05, Class 2M2 (1 month SOFR + 3.000%), 7.560%, 04/25/2042 (A)(B)		1,240,000		1,209,022
Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%), 7.310%, 05/25/2042 (A)(B)		363,709		369,529
Series 2022-R09, Class 2M1 (1 month SOFR + 2.500%), 7.068%, 09/25/2042 (A)(B)		701,650		702,680
Series 2023-R01, Class 1M1 (1 month SOFR + 2.400%), 6.968%, 12/25/2042 (A)(B)		509,532		510,664
				8,163,053
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $21,322,197)			$	21,182,043
ASSET BACKED SECURITIES – 1.8%
DataBank Issuer Series 2023-1A, Class A2 5.116%, 02/25/2053 (A)		510,000		478,977
DB Master Finance LLC Series 2019-1A, Class A2II 4.021%, 05/20/2049 (A)		468,025		444,557
Domino's Pizza Master Issuer LLC Series 2015-1A, Class A2II 4.474%, 10/25/2045 (A)		848,438		820,043
FirstKey Homes Trust Series 2020-SFR2, Class A 1.266%, 10/19/2037 (A)		528,306		479,458
Home Partners of America Trust Series 2019-1, Class B 3.157%, 09/17/2039 (A)		341,985		315,272
MetroNet Infrastructure Issuer LLC Series 2022-1A, Class A2 6.350%, 10/20/2052 (A)		665,000		643,823
MVW Owner Trust Series 2018-1A, Class A 3.450%, 01/21/2036 (A)		119,621		116,496
OCCU Auto Receivables Trust Series 2022-1A, Class A3 5.500%, 10/15/2027 (A)		605,000		607,879
Taco Bell Funding LLC Series 2016-1A, Class A23 4.970%, 05/25/2046 (A)		1,470,300		1,435,616
T-Mobile US Trust Series 2022-1A, Class A 4.910%, 05/22/2028 (A)		720,000		723,233
Verizon Master Trust Series 2023-1, Class A (4.490% to 1-20-26, then 5.240% thereafter) 4.490%, 01/22/2029		665,000		663,524
TOTAL ASSET BACKED SECURITIES (Cost $6,832,990)			$	6,728,878
COMMON STOCKS – 0.3%
Communication services – 0.0%
Vertis Holdings, Inc. (H)(I)		8,371		0
Industrials – 0.3%
Delta Air Lines, Inc. (I)		11,986		418,551

Strategic Income Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Industrials (continued)
The Boeing Company (I)	4,023	$	854,606
			1,273,157
TOTAL COMMON STOCKS (Cost $1,576,635)		$	1,273,157
PREFERRED SECURITIES – 1.7%
Communication services – 0.1%
Paramount Global, 5.750%	9,700		290,418
Financials – 0.4%
Stifel Financial Corp., 4.500%	32,750		532,843
Valley National Bancorp, 8.755% (3 month LIBOR + 3.578%) (B)	21,275		490,176
Wells Fargo & Company, 5.850% (5.850% to 9-15-23, then 3 month LIBOR + 3.090%)	27,605		642,092
			1,665,111
Utilities – 1.2%
NextEra Energy, Inc., 6.219%	17,400		849,816
NextEra Energy, Inc., 6.926%	51,700		2,396,295
The AES Corp., 6.875%	13,600		1,217,336
			4,463,447
TOTAL PREFERRED SECURITIES (Cost $7,174,380)		$	6,418,976
PURCHASED OPTIONS – 0.0%
Puts – 0.0%
Over the Counter Option on the USD vs. JPY (Expiration Date: 4-5-23; Strike Price: $120.50; Counterparty: Goldman Sachs Bank USA) (I)(J)	9,285,000		9
Over the Counter Option on the USD vs. JPY (Expiration Date: 5-31-23; Strike Price: $127.00; Counterparty: Goldman Sachs Bank USA) (I)(J)	318,000		2,523
			2,532
TOTAL PURCHASED OPTIONS (Cost $118,774)		$	2,532
SHORT-TERM INVESTMENTS – 2.7%
Short-term funds – 2.7%
John Hancock Collateral Trust, 4.9438% (K)(L)	1,019,058		10,187,423
TOTAL SHORT-TERM INVESTMENTS (Cost $10,187,091)		$	10,187,423
Total Investments (Strategic Income Opportunities Trust) (Cost $405,292,965) – 99.0%		$	374,004,074
Other assets and liabilities, net – 1.0%			3,827,828
TOTAL NET ASSETS – 100.0%		$	377,831,902

Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CNY	Chinese Yuan Renminbi
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

 

267

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

PHP	Philippine Peso
SGD	Singapore Dollar

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate
NIBOR	Norwegian Interbank Offered 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 $120,687,598 or 31.9% of the fund's net assets as of 3-31-23.
(B)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(C)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

Strategic Income Opportunities Trust (continued)

(D)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $721,045.
(E)	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.
(F)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(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)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(I)	Non-income producing security.
(J)	For this type of option, notional amounts are equivalent to number of contracts.
(K)	The rate shown is the annualized seven-day yield as of 3-31-23.
(L)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $729,057.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year U.S. Treasury Note Futures	57	Short	Jun 2023	$(6,588,051)	$(6,550,547)	$37,504
2-Year U.S. Treasury Note Futures	25	Short	Jun 2023	(5,197,939)	(5,161,328)	36,611
U.S. Treasury Long Bond Futures	25	Short	Jun 2023	(3,325,396)	(3,278,906)	46,490
						$120,605

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

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
AUD	3,108,173	USD	2,076,223	CITI	6/21/2023	$7,336	—
CAD	605,500	JPY	58,604,529	GSI	6/21/2023	2,155	—
CAD	300,000	JPY	29,231,073	MSCS	6/21/2023	—	$(418)
CAD	300,000	JPY	28,403,400	RBC	6/21/2023	5,887	—
CAD	2,060,727	USD	1,501,667	GSI	6/21/2023	25,036	—
CAD	8,211,137	USD	6,006,667	RBC	6/21/2023	76,607	—
EUR	720,837	NOK	8,092,391	GSI	6/21/2023	9,538	—
EUR	720,837	NOK	8,105,456	HUS	6/21/2023	8,285	—
EUR	4,309,829	USD	4,662,478	BARC	6/21/2023	32,059	—
EUR	2,868	USD	3,142	RBC	6/21/2023	—	(17)
EUR	9,675,959	USD	10,368,770	SSB	6/21/2023	170,893	—
EUR	2,161,017	USD	2,298,373	UBS	6/21/2023	55,542	—
JPY	28,508,334	CAD	300,000	CIBC	6/21/2023	—	(5,088)
JPY	58,851,768	CAD	605,000	RBC	6/21/2023	100	—
JPY	28,718,400	CAD	300,000	SSB	6/21/2023	—	(3,487)
JPY	509,551,804	USD	3,922,858	CIBC	6/21/2023	—	(41,225)
JPY	579,928,310	USD	4,438,477	CITI	6/21/2023	—	(20,734)
JPY	119,206,468	USD	916,840	GSI	6/21/2023	—	(8,756)
JPY	195,350,854	USD	1,503,009	HUS	6/21/2023	—	(14,877)
JPY	1,130,121,218	USD	8,539,858	JPM	6/21/2023	69,111	—
JPY	649,776,897	USD	4,945,621	MSCS	6/21/2023	4,210	—
JPY	194,070,907	USD	1,496,875	SSB	6/21/2023	—	(18,493)
MXN	10,771,019	USD	564,865	BARC	6/21/2023	23,893	—
NOK	8,073,378	EUR	721,978	CITI	6/21/2023	—	(12,602)
NOK	8,896,353	EUR	794,175	GSI	6/21/2023	—	(12,364)
NOK	16,344,317	EUR	1,446,100	MSCS	6/21/2023	—	(8,605)
SGD	3,353,325	USD	2,522,985	SSB	6/21/2023	3,101	—
SGD	2,633,313	USD	1,981,534	UBS	6/21/2023	2,161	—

268

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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	400,620	AUD	600,000	ANZ	6/21/2023	—	$(1,589)
USD	8,405,936	AUD	12,646,290	CITI	6/21/2023	—	(71,486)
USD	2,846,270	BRL	15,051,078	GSI	6/21/2023	—	(81,239)
USD	3,109,945	CAD	4,216,500	CIBC	6/21/2023	—	(13,876)
USD	1,829,380	CAD	2,469,388	HUS	6/21/2023	—	(82)
USD	2,783,355	CAD	3,796,391	JPM	6/21/2023	—	(29,226)
USD	6,337,747	CAD	8,648,752	RBC	6/21/2023	—	(69,737)
USD	2,378,194	CAD	3,226,022	SSB	6/21/2023	—	(11,826)
USD	1,502,789	CAD	2,069,287	UBS	6/21/2023	—	(30,255)
USD	3,931,834	EUR	3,649,519	BARC	6/21/2023	—	(43,452)
USD	3,913,127	EUR	3,649,519	CIBC	6/21/2023	—	(62,159)
USD	6,288,034	EUR	5,800,686	CITI	6/21/2023	—	(30,438)
USD	2,315,523	EUR	2,145,145	GSI	6/21/2023	—	(21,104)
USD	2,306,607	EUR	2,148,269	HUS	6/21/2023	—	(33,423)
USD	4,548,707	EUR	4,167,211	JPM	6/21/2023	$9,519	—
USD	2,318,129	EUR	2,148,269	MSCS	6/21/2023	—	(21,900)
USD	3,241,534	EUR	3,008,295	RBC	6/21/2023	—	(35,290)
USD	18,246,267	EUR	17,027,855	UBS	6/21/2023	—	(301,543)
USD	3,036,964	GBP	2,543,687	CIBC	6/21/2023	—	(105,727)
USD	4,209,846	JPY	545,120,371	BARC	6/21/2023	57,261	—
USD	1,849,955	JPY	240,754,088	CIBC	6/21/2023	15,953	—
USD	5,422,409	JPY	707,655,131	CITI	6/21/2023	31,677	—
USD	928,659	JPY	120,423,856	GSI	6/21/2023	11,301	—
USD	2,996,875	JPY	395,893,950	JPM	6/21/2023	—	(18,942)
USD	5,990,600	JPY	778,979,103	MSCS	6/21/2023	56,540	—
USD	994,988	JPY	129,972,431	RBC	6/21/2023	4,892	—
USD	699,484	JPY	91,429,618	SSB	6/21/2023	2,997	—
USD	703,771	MXN	12,952,952	BARC	6/21/2023	—	(4,254)
USD	5,163,039	MXN	95,644,647	JPM	6/21/2023	—	(65,024)
USD	302,500	MXN	5,534,540	SSB	6/21/2023	—	(25)
USD	1,676,787	NOK	17,761,455	BARC	6/21/2023	—	(25,622)
USD	5,481,816	NZD	8,918,336	MSCS	6/21/2023	—	(94,728)
USD	333,433	SGD	441,350	BARC	6/21/2023	961	—
USD	5,997,599	SGD	7,950,836	CIBC	6/21/2023	8,170	—
USD	5,874,557	SGD	7,822,372	GSI	6/21/2023	—	(18,098)
USD	1,999,200	SGD	2,665,333	UBS	6/21/2023	—	(8,617)
						$695,185	$(1,346,328)

WRITTEN OPTIONS

Foreign currency options
Description	Counterparty (OTC)	Currency	Exercise price	Expiration date	Notional amount*	Premium	Value
Puts
U.S. Dollar vs. Japanese Yen	GSI	USD	112.75	Apr 2023	9,285,000	$55,339	$(9)
						$55,339	$(9)
* For this type of option, notional amounts are equivalent to number of contracts.

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

269

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Derivatives Abbreviations
ANZ	Australia and New Zealand Banking Group Limited
BARC	Barclays Bank PLC
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
OTC	Over-the-counter
RBC	Royal Bank of Canada
SSB	State Street Bank and Trust Company
UBS	UBS AG

Total Bond Market Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 68.2%
U.S. Government – 39.9%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	8,000,000	$	4,650,625
2.000%, 11/15/2041 to 08/15/2051		19,000,000		13,723,867
2.250%, 08/15/2049		2,000,000		1,503,828
2.750%, 08/15/2047		3,000,000		2,493,633
2.875%, 05/15/2049		1,500,000		1,283,555
3.000%, 02/15/2047 to 08/15/2052		26,635,000		23,245,411
3.375%, 08/15/2042		8,000,000		7,511,250
4.000%, 11/15/2052		6,000,000		6,367,500
4.250%, 05/15/2039 to 11/15/2040		4,610,000		4,968,328
4.375%, 05/15/2041		1,830,000		1,990,840
4.625%, 02/15/2040		5,000,000		5,626,953
4.750%, 02/15/2041		2,000,000		2,278,203
U.S. Treasury Notes
0.250%, 07/31/2025 to 10/31/2025		16,000,000		14,614,375
0.375%, 09/15/2024 to 07/31/2027		3,800,000		3,453,289
0.500%, 10/31/2027		12,000,000		10,412,813
0.625%, 03/31/2027		6,000,000		5,319,375
0.750%, 03/31/2026		4,000,000		3,659,531
0.875%, 01/31/2024 to 09/30/2026		13,000,000		12,275,313
1.125%, 01/15/2025		20,000,000		18,953,906
1.250%, 08/31/2024		4,000,000		3,830,156
1.375%, 08/31/2026 to 11/15/2031		8,000,000		7,147,618
1.500%, 01/31/2027		30,000,000		27,618,746
1.750%, 12/31/2024 to 01/31/2029		34,000,000		30,975,039
2.125%, 05/31/2026		3,000,000		2,851,172
2.250%, 11/15/2027		20,595,000		19,372,172
2.375%, 05/15/2029		5,000,000		4,665,039
2.750%, 08/15/2032		5,000,000		4,705,469
2.875%, 05/15/2028 to 05/15/2032		11,800,000		11,317,547
3.000%, 10/31/2025		2,000,000		1,956,016
3.125%, 08/31/2027		5,000,000		4,890,625
3.875%, 09/30/2029		10,000,000		10,164,063
4.000%, 10/31/2029		15,000,000		15,361,523
4.125%, 09/30/2027 to 11/15/2032		25,000,000		25,633,984
4.250%, 09/30/2024 to 10/15/2025		20,000,000		20,066,016
4.375%, 10/31/2024		10,000,000		10,011,719
4.500%, 11/15/2025		10,000,000		10,147,656
				355,047,155
U.S. Government Agency – 28.3%
Federal Home Loan Bank 5.500%, 07/15/2036		1,690,000		1,930,218
Federal Home Loan Mortgage Corp.
1.500%, 12/01/2036 to 03/01/2051		6,401,991		5,203,891
2.000%, 07/01/2035 to 05/01/2051		6,175,273		5,171,480
2.500%, 04/01/2031 to 04/01/2052		12,209,821		10,613,688

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
2.750%, 06/19/2023	$	2,000,000	$	1,991,124
3.000%, 07/01/2032 to 03/01/2052		10,962,520		9,997,592
3.500%, 12/01/2025 to 07/01/2052		8,576,748		8,050,512
4.000%, 02/01/2024 to 09/01/2047		1,095,531		1,067,692
4.111%, (12 month LIBOR + 1.861%), 08/01/2037 (A)		361,049		368,413
4.500%, 05/01/2024 to 07/01/2052		5,523,010		5,470,555
4.600%, (12 month LIBOR + 2.100%), 02/01/2037 (A)		52,440		53,167
5.000%, 06/01/2023 to 09/01/2039		150,222		153,573
5.500%, 04/01/2027 to 10/01/2052		1,685,557		1,712,043
6.000%, 10/01/2036 to 10/01/2038		126,872		133,995
6.250%, 07/15/2032		450,000		536,424
6.500%, 08/01/2037 to 08/01/2038		25,973		28,019
6.750%, 09/15/2029		1,200,000		1,395,294
7.000%, 04/01/2029 to 04/01/2032		8,847		9,351
7.500%, 09/01/2030 to 03/01/2032		4,132		4,460
8.000%, 02/01/2030		438		463
Federal National Mortgage Association
0.500%, 06/17/2025		3,000,000		2,772,334
1.500%, 11/01/2036 to 02/01/2051		6,847,055		5,853,676
2.000%, 02/01/2035 to 02/01/2052		62,964,133		53,164,679
2.125%, 04/24/2026		2,000,000		1,899,761
2.500%, 05/01/2028 to 02/01/2052		36,802,872		32,286,068
2.625%, 09/06/2024		1,000,000		976,232
3.000%, 01/01/2027 to 03/01/2052		17,855,011		16,392,555
3.496%, (1 Year CMT + 2.185%), 05/01/2036 (A)		38,897		39,912
3.500%, 12/01/2025 to 02/01/2052		10,730,320		10,147,964
3.571%, (12 month LIBOR + 1.573%), 09/01/2037 (A)		41,166		41,856
3.579%, (6 month LIBOR + 1.409%), 07/01/2034 (A)		53,583		53,435
3.708%, (12 month LIBOR + 1.843%), 04/01/2037 (A)		62,946		64,479
3.710%, (12 month LIBOR + 1.335%), 01/01/2035 (A)		11,667		11,653
4.000%, 03/01/2024 to 06/01/2052		12,716,946		12,306,744
4.175%, (12 month LIBOR + 1.925%), 10/01/2037 (A)		11,959		12,255
4.500%, 08/01/2024 to 09/01/2052		3,600,461		3,565,929
5.000%, 08/01/2023 to 08/01/2052		5,090,569		5,103,628
5.500%, 01/01/2034 to 11/01/2038		282,389		294,093
6.000%, 08/01/2023 to 08/01/2038		190,581		199,992
6.500%, 07/01/2031 to 12/01/2037		77,581		83,091

 

270

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
7.000%, 02/01/2031 to 10/01/2038	$	35,259	$	38,194
7.125%, 01/15/2030		209,000		250,333
7.250%, 05/15/2030		1,450,000		1,763,356
7.500%, 09/01/2030 to 08/01/2031		12,838		13,736
8.000%, 08/01/2030 to 09/01/2031		2,209		2,358
8.500%, 09/01/2030		253		272
Government National Mortgage Association
2.000%, 02/20/2051		11,851,066		10,091,618
2.500%, 08/20/2050 to 11/20/2051		14,133,812		12,498,941
3.000%, 08/15/2043 to 07/20/2051		11,450,069		10,516,441
3.500%, 04/15/2042 to 01/20/2052		9,410,160		8,928,811
4.000%, 11/15/2026 to 04/20/2049		3,861,014		3,774,746
4.500%, 06/15/2023 to 07/20/2052		3,725,494		3,684,509
5.000%, 10/15/2023 to 07/20/2040		439,766		449,281
5.500%, 08/15/2023 to 09/20/2039		182,347		189,130
6.000%, 07/15/2029 to 10/15/2038		139,661		146,555
6.500%, 05/15/2028 to 12/15/2038		107,630		114,754
7.000%, 08/15/2029 to 05/15/2032		16,182		16,856
7.500%, 09/15/2030 to 01/15/2031		4,622		4,894
				251,647,075
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $653,288,039)			$	606,694,230
FOREIGN GOVERNMENT OBLIGATIONS – 1.0%
Brazil – 0.2%
Federative Republic of Brazil 4.250%, 01/07/2025		1,612,000		1,595,630
Canada – 0.1%
Province of British Columbia 6.500%, 01/15/2026		490,000		515,383
Province of Quebec
7.125%, 02/09/2024		150,000		153,050
7.500%, 07/15/2023		410,000		412,620
				1,081,053
Israel – 0.1%
State of Israel 5.500%, 09/18/2023		455,000		455,884
Italy – 0.2%
Republic of Italy
5.375%, 06/15/2033		1,000,000		1,003,312
6.875%, 09/27/2023		300,000		301,780
				1,305,092
Japan – 0.1%
Japan Bank for International Cooperation 2.500%, 05/23/2024		800,000		780,627
Mexico – 0.3%
Government of Mexico
3.750%, 01/11/2028		2,000,000		1,916,462
6.050%, 01/11/2040		930,000		945,067
				2,861,529
Panama – 0.0%
Republic of Panama 6.700%, 01/26/2036		370,000		390,917
Peru – 0.0%
Republic of Peru 6.550%, 03/14/2037		250,000		271,447

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Turkey – 0.0%
Republic of Turkey 6.000%, 01/14/2041	$	400,000	$	300,400
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $9,588,909)			$	9,042,579
CORPORATE BONDS – 25.8%
Communication services – 2.0%
Alphabet, Inc.
1.100%, 08/15/2030		300,000		245,590
2.050%, 08/15/2050		400,000		254,246
AT&T, Inc.
2.550%, 12/01/2033		665,000		534,893
3.800%, 12/01/2057		609,000		452,128
4.750%, 05/15/2046		900,000		812,811
4.850%, 07/15/2045		500,000		452,781
5.150%, 03/15/2042		50,000		47,879
6.375%, 03/01/2041		360,000		393,131
7.625%, 04/15/2031		285,000		326,872
Baidu, Inc. 4.125%, 06/30/2025		250,000		244,695
British Telecommunications PLC 9.625%, 12/15/2030		190,000		236,889
Charter Communications Operating LLC
2.800%, 04/01/2031		600,000		482,978
5.050%, 03/30/2029		400,000		385,949
5.375%, 05/01/2047		500,000		412,524
Comcast Corp.
2.350%, 01/15/2027		455,000		423,824
2.887%, 11/01/2051		256,000		174,771
3.375%, 02/15/2025		600,000		587,639
3.450%, 02/01/2050		500,000		386,166
3.999%, 11/01/2049		500,000		419,759
4.600%, 10/15/2038		400,000		387,269
6.500%, 11/15/2035		52,000		59,731
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		146,000		178,440
Discovery Communications LLC
4.125%, 05/15/2029		900,000		838,291
5.300%, 05/15/2049		400,000		333,564
Fox Corp. 3.500%, 04/08/2030		600,000		548,493
Grupo Televisa SAB 6.625%, 01/15/2040		220,000		227,005
Paramount Global 4.000%, 01/15/2026		600,000		580,259
TCI Communications, Inc. 7.125%, 02/15/2028		110,000		122,956
Telefonica Emisiones SA 7.045%, 06/20/2036		230,000		254,026
Telefonica Europe BV 8.250%, 09/15/2030		350,000		410,227
The Walt Disney Company 2.650%, 01/13/2031		400,000		353,428
Time Warner Cable Enterprises LLC 8.375%, 07/15/2033		525,000		597,821
T-Mobile USA, Inc.
3.000%, 02/15/2041		400,000		296,525
3.875%, 04/15/2030		600,000		562,988
4.500%, 04/15/2050		700,000		609,625
TWDC Enterprises 18 Corp.
3.150%, 09/17/2025		500,000		483,454
4.125%, 06/01/2044		500,000		450,918
Verizon Communications, Inc.
1.680%, 10/30/2030		400,000		322,868

 

271

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Verizon Communications, Inc. (continued)
2.875%, 11/20/2050	$	500,000	$	332,568
4.016%, 12/03/2029		500,000		478,631
4.272%, 01/15/2036		458,000		424,853
4.522%, 09/15/2048		1,260,000		1,132,807
Vodafone Group PLC
4.375%, 05/30/2028		400,000		400,594
5.250%, 05/30/2048		300,000		289,420
				17,952,286
Consumer discretionary – 1.6%
Amazon.com, Inc.
2.100%, 05/12/2031		400,000		341,894
2.500%, 06/03/2050		800,000		542,306
4.050%, 08/22/2047		600,000		544,061
American Honda Finance Corp. 1.800%, 01/13/2031		600,000		494,659
AutoZone, Inc. 3.250%, 04/15/2025		1,000,000		966,203
Booking Holdings, Inc. 3.550%, 03/15/2028		300,000		288,070
Brinker International, Inc. 3.875%, 05/15/2023		250,000		249,506
Choice Hotels International, Inc. 3.700%, 01/15/2031		200,000		177,328
D.R. Horton, Inc. 1.400%, 10/15/2027		200,000		172,121
Expedia Group, Inc. 3.250%, 02/15/2030		300,000		259,980
Ford Motor Credit Company LLC 3.096%, 05/04/2023 (B)		280,000		279,650
General Motors Company 5.400%, 04/01/2048		300,000		257,518
General Motors Financial Company, Inc.
2.400%, 10/15/2028		300,000		256,624
3.100%, 01/12/2032		350,000		285,182
4.250%, 05/15/2023		280,000		279,493
5.250%, 03/01/2026		650,000		650,352
Lennar Corp. 4.750%, 11/29/2027		300,000		296,838
Lowe's Companies, Inc. 3.375%, 09/15/2025		460,000		445,771
McDonald's Corp. 3.300%, 07/01/2025		1,000,000		979,215
NIKE, Inc. 2.400%, 03/27/2025		1,000,000		967,613
Starbucks Corp. 3.550%, 08/15/2029 (B)		300,000		285,662
The Home Depot, Inc.
2.700%, 04/15/2030		700,000		631,965
3.350%, 09/15/2025		752,000		735,530
4.250%, 04/01/2046		390,000		355,348
5.875%, 12/16/2036		280,000		312,188
The TJX Companies, Inc.
3.875%, 04/15/2030		600,000		580,755
4.500%, 04/15/2050		600,000		566,609
Toll Brothers Finance Corp. 3.800%, 11/01/2029		200,000		179,673
Toyota Motor Credit Corp.
1.150%, 08/13/2027		500,000		436,478
1.900%, 09/12/2031		700,000		576,578
3.050%, 01/11/2028		300,000		283,081
Whirlpool Corp. 5.150%, 03/01/2043		300,000		271,795
				13,950,046

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples – 1.6%
Altria Group, Inc.
3.400%, 02/04/2041	$	400,000	$	282,806
4.500%, 05/02/2043		500,000		399,801
Anheuser-Busch Companies LLC
3.650%, 02/01/2026		800,000		785,210
4.900%, 02/01/2046		500,000		488,656
Anheuser-Busch InBev Worldwide, Inc.
4.500%, 06/01/2050		400,000		374,692
4.750%, 01/23/2029		500,000		510,609
BAT Capital Corp.
2.726%, 03/25/2031		600,000		486,369
3.215%, 09/06/2026		500,000		470,982
Constellation Brands, Inc. 4.500%, 05/09/2047		350,000		305,407
Costco Wholesale Corp. 1.600%, 04/20/2030		500,000		424,461
Diageo Capital PLC 2.000%, 04/29/2030		300,000		255,596
General Mills, Inc. 2.875%, 04/15/2030		600,000		537,247
Kellogg Company 3.250%, 04/01/2026		400,000		383,125
Keurig Dr. Pepper, Inc. 4.597%, 05/25/2028		500,000		499,073
Kimberly-Clark Corp. 3.200%, 07/30/2046		300,000		232,274
Kraft Heinz Foods Company
3.000%, 06/01/2026		458,000		437,497
6.875%, 01/26/2039		40,000		45,292
Mondelez International, Inc. 4.625%, 05/07/2048		300,000		239,297
PepsiCo, Inc.
2.850%, 02/24/2026		495,000		479,009
4.000%, 03/05/2042		270,000		249,037
5.500%, 01/15/2040		280,000		305,902
Philip Morris International, Inc.
3.600%, 11/15/2023		250,000		247,255
6.375%, 05/16/2038		300,000		327,991
SC Johnson & Son, Inc. 4.000%, 05/15/2043 (C)		250,000		210,170
Sysco Corp. 6.600%, 04/01/2050		1,000,000		1,140,775
Target Corp. 3.900%, 11/15/2047		500,000		431,343
The Coca-Cola Company
2.125%, 09/06/2029		400,000		359,050
2.500%, 06/01/2040		400,000		306,812
The Estee Lauder Companies, Inc. 2.600%, 04/15/2030		600,000		537,475
The Kroger Company 3.500%, 02/01/2026		500,000		487,498
The Procter & Gamble Company 3.600%, 03/25/2050		600,000		523,921
Tyson Foods, Inc. 4.350%, 03/01/2029		400,000		388,369
Walmart, Inc.
3.250%, 07/08/2029		600,000		572,005
4.050%, 06/29/2048		500,000		464,030
				14,189,036
Energy – 1.8%
Anadarko Petroleum Corp. 6.450%, 09/15/2036		280,000		282,341
Baker Hughes Holdings LLC
3.337%, 12/15/2027		500,000		468,514
4.486%, 05/01/2030		500,000		489,001

 

272

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Boardwalk Pipelines LP 4.950%, 12/15/2024	$	400,000	$	397,592
BP Capital Markets America, Inc. 3.796%, 09/21/2025		800,000		793,609
Canadian Natural Resources, Ltd. 6.250%, 03/15/2038		290,000		303,128
Cenovus Energy, Inc. 4.250%, 04/15/2027		300,000		291,388
Chevron Corp. 2.954%, 05/16/2026		800,000		770,324
Devon Energy Corp.
5.000%, 06/15/2045		885,000		786,371
7.875%, 09/30/2031		170,000		194,225
Enbridge, Inc.
3.700%, 07/15/2027		400,000		380,689
4.500%, 06/10/2044		400,000		339,774
5.700%, 03/08/2033		700,000		728,101
Energy Transfer LP
5.500%, 06/01/2027		600,000		606,436
6.125%, 12/15/2045		350,000		338,325
6.500%, 02/01/2042		50,000		51,856
Enterprise Products Operating LLC
3.200%, 02/15/2052		700,000		497,888
4.850%, 08/15/2042		280,000		261,020
6.875%, 03/01/2033		130,000		148,361
Exxon Mobil Corp.
2.995%, 08/16/2039		400,000		323,404
3.482%, 03/19/2030		700,000		668,822
Kinder Morgan Energy Partners LP
4.300%, 05/01/2024		700,000		693,028
6.375%, 03/01/2041		60,000		61,824
6.500%, 09/01/2039		180,000		188,402
Kinder Morgan, Inc. 5.550%, 06/01/2045		375,000		354,694
MPLX LP 4.800%, 02/15/2029		400,000		396,278
ONEOK Partners LP 6.650%, 10/01/2036		268,000		278,338
Ovintiv, Inc. 6.500%, 08/15/2034		270,000		272,958
Petroleos Mexicanos
6.625%, 06/15/2035		230,000		167,722
6.700%, 02/16/2032		173,000		137,710
Phillips 66 Company 3.750%, 03/01/2028 (C)		200,000		189,787
Plains All American Pipeline LP 4.900%, 02/15/2045		500,000		400,647
Shell International Finance BV
4.375%, 05/11/2045		1,000,000		922,499
6.375%, 12/15/2038		90,000		103,889
Suncor Energy, Inc. 5.950%, 05/15/2035		235,000		233,646
The Williams Companies, Inc.
3.500%, 11/15/2030		400,000		362,281
5.100%, 09/15/2045		400,000		365,830
Tosco Corp. 8.125%, 02/15/2030		383,000		455,874
TotalEnergies Capital International SA 3.700%, 01/15/2024		500,000		494,660
TransCanada PipeLines, Ltd. 5.850%, 03/15/2036		405,000		411,346
Valero Energy Corp.
2.850%, 04/15/2025		600,000		573,839
7.500%, 04/15/2032		270,000		310,522
				16,496,943

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials – 8.5%
American Express Company 4.420%, (4.420% to 8-3-32, then SOFR + 1.760%), 08/03/2033	$	1,000,000	$	956,051
American International Group, Inc.
4.125%, 02/15/2024		550,000		542,427
6.250%, 05/01/2036		430,000		449,470
Ameriprise Financial, Inc. 5.150%, 05/15/2033		700,000		697,938
Arch Capital Finance LLC 4.011%, 12/15/2026		400,000		389,496
Ares Capital Corp. 3.875%, 01/15/2026		1,000,000		921,827
Banco Santander SA 1.722%, (1.722% to 9-14-26, then 1 Year CMT + 0.900%), 09/14/2027		700,000		610,961
Bank of America Corp.
3.366%, (3.366% to 1-23-25, then 3 month LIBOR + 0.810%), 01/23/2026		1,700,000		1,634,953
3.419%, (3.419% to 12-20-27, then 3 month LIBOR + 1.040%), 12/20/2028		1,312,000		1,218,996
3.970%, (3.970% to 3-5-28, then 3 month LIBOR + 1.070%), 03/05/2029		500,000		473,364
3.974%, (3.974% to 2-7-29, then 3 month LIBOR + 1.210%), 02/07/2030		2,000,000		1,869,360
4.443%, (4.443% to 1-20-47, then 3 month LIBOR + 1.990%), 01/20/2048		500,000		442,910
4.450%, 03/03/2026		700,000		683,651
7.750%, 05/14/2038		480,000		574,476
Barclays PLC
4.375%, 01/12/2026		500,000		482,585
7.437%, (7.437% to 11-2-32, then 1 Year CMT + 3.500%), 11/02/2033		700,000		773,716
Berkshire Hathaway Finance Corp. 4.400%, 05/15/2042		600,000		573,936
Berkshire Hathaway, Inc. 3.125%, 03/15/2026		500,000		486,938
Capital One Financial Corp.
3.200%, 02/05/2025		2,000,000		1,879,362
3.300%, 10/30/2024		1,500,000		1,431,876
Chubb INA Holdings, Inc. 3.350%, 05/03/2026		300,000		290,146
Citigroup, Inc.
1.462%, (1.462% to 6-9-26, then SOFR + 0.770%), 06/09/2027		600,000		532,724
2.666%, (2.666% to 1-29-30, then SOFR + 1.146%), 01/29/2031		1,000,000		853,508
3.300%, 04/27/2025		600,000		578,966
4.281%, (4.281% to 4-24-47, then 3 month CME Term SOFR + 2.101%), 04/24/2048		500,000		434,351
4.450%, 09/29/2027		500,000		484,849
4.658%, (4.658% to 5-24-27, then SOFR + 1.887%), 05/24/2028		1,000,000		987,366
5.500%, 09/13/2025		400,000		399,268
Credit Suisse Group AG 4.550%, 04/17/2026		800,000		738,000
Deutsche Bank AG 2.129%, (2.129% to 11-24-25, then SOFR + 1.870%), 11/24/2026		600,000		517,064

 

273

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
European Investment Bank
2.500%, 10/15/2024	$	1,500,000	$	1,461,555
3.250%, 01/29/2024		600,000		593,189
4.875%, 02/15/2036		1,000,000		1,108,857
Fifth Third Bank NA 2.250%, 02/01/2027		500,000		439,200
Fiserv, Inc. 2.250%, 06/01/2027		600,000		543,025
Five Corners Funding Trust II 2.850%, 05/15/2030 (C)		800,000		687,156
GE Capital International Funding Company 4.418%, 11/15/2035		822,000		796,352
Global Payments, Inc. 4.450%, 06/01/2028		400,000		379,652
HSBC Holdings PLC
2.848%, (2.848% to 6-4-30, then SOFR + 2.387%), 06/04/2031		1,000,000		840,032
4.583%, (4.583% to 6-19-28, then 3 month LIBOR + 1.535%), 06/19/2029		1,000,000		949,036
6.500%, 09/15/2037		660,000		676,732
Inter-American Development Bank
1.125%, 01/13/2031		2,000,000		1,656,284
2.000%, 07/23/2026		1,000,000		941,889
7.000%, 06/15/2025		325,000		343,936
Intercontinental Exchange, Inc.
3.100%, 09/15/2027		400,000		377,863
4.600%, 03/15/2033		500,000		495,920
International Bank for Reconstruction & Development
0.750%, 11/24/2027		1,000,000		873,499
0.875%, 07/15/2026		1,000,000		909,376
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then SOFR + 2.040%), 04/22/2031		1,000,000		854,868
3.300%, 04/01/2026		700,000		674,998
3.375%, 05/01/2023		500,000		499,000
3.509%, (3.509% to 1-23-28, then 3 month LIBOR + 0.945%), 01/23/2029		500,000		467,827
3.540%, (3.540% to 5-1-27, then 3 month LIBOR + 1.380%), 05/01/2028		700,000		661,806
3.875%, 02/01/2024		1,300,000		1,283,496
4.452%, (4.452% to 12-5-28, then 3 month LIBOR + 1.330%), 12/05/2029		600,000		582,787
4.851%, (4.851% to 7-25-27, then SOFR + 1.990%), 07/25/2028		1,000,000		998,210
6.400%, 05/15/2038		125,000		141,969
KfW 2.625%, 02/28/2024		800,000		784,797
Liberty Mutual Group, Inc. 3.950%, 05/15/2060 (C)		500,000		348,374
Lincoln National Corp.
3.625%, 12/12/2026		500,000		457,289
7.000%, 06/15/2040		150,000		160,495
Lloyds Banking Group PLC 2.438%, (2.438% to 2-5-25, then 1 Year CMT + 1.000%), 02/05/2026		900,000		843,881
Mastercard, Inc.
2.000%, 11/18/2031		350,000		295,304
2.950%, 11/21/2026		300,000		286,371

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
MetLife, Inc. 4.600%, 05/13/2046	$	500,000	$	446,783
Mitsubishi UFJ Financial Group, Inc. 1.538%, (1.538% to 7-20-26, then 1 Year CMT + 0.750%), 07/20/2027		1,600,000		1,416,017
Mizuho Financial Group, Inc. 1.234%, (1.234% to 5-22-26, then 1 Year CMT + 0.670%), 05/22/2027		800,000		703,975
Morgan Stanley
1.512%, (1.512% to 7-20-26, then SOFR + 0.858%), 07/20/2027		500,000		444,337
3.622%, (3.622% to 4-1-30, then SOFR + 3.120%), 04/01/2031		1,000,000		914,468
3.700%, 10/23/2024		950,000		930,209
3.772%, (3.772% to 1-24-28, then 3 month LIBOR + 1.140%), 01/24/2029		550,000		520,768
4.100%, 05/22/2023		750,000		748,413
6.296%, (6.296% to 10-18-27, then SOFR + 2.240%), 10/18/2028		1,000,000		1,051,546
Nasdaq, Inc. 1.650%, 01/15/2031		500,000		394,354
National Rural Utilities Cooperative Finance Corp. 4.023%, 11/01/2032		700,000		658,881
Nomura Holdings, Inc. 3.103%, 01/16/2030		1,000,000		846,865
PayPal Holdings, Inc.
2.300%, 06/01/2030		600,000		513,764
2.850%, 10/01/2029		1,000,000		900,983
Raymond James Financial, Inc. 4.950%, 07/15/2046		600,000		544,701
Royal Bank of Canada 2.300%, 11/03/2031		800,000		656,450
State Street Corp. 3.100%, 05/15/2023		250,000		249,253
Stifel Financial Corp. 4.250%, 07/18/2024		500,000		492,571
Sumitomo Mitsui Financial Group, Inc.
3.364%, 07/12/2027		900,000		840,733
3.784%, 03/09/2026		550,000		532,020
The Allstate Corp. 3.280%, 12/15/2026		500,000		474,476
The Bank of New York Mellon Corp. 3.250%, 05/16/2027		800,000		757,155
The Charles Schwab Corp. 3.200%, 01/25/2028		300,000		273,669
The Goldman Sachs Group, Inc.
2.600%, 02/07/2030		700,000		600,703
3.102%, (3.102% to 2-24-32, then SOFR + 1.410%), 02/24/2033		1,000,000		858,770
3.500%, 01/23/2025		750,000		728,677
3.750%, 02/25/2026		500,000		486,037
4.482%, (4.482% to 8-23-27, then SOFR + 1.725%), 08/23/2028		1,000,000		978,052
The Hartford Financial Services Group, Inc. 5.950%, 10/15/2036		170,000		178,630
The PNC Financial Services Group, Inc.
3.450%, 04/23/2029		1,000,000		930,667
4.758%, (4.758% to 1-26-26, then SOFR + 1.085%), 01/26/2027		500,000		493,818
The Toronto-Dominion Bank 2.000%, 09/10/2031		800,000		642,159

 

274

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Travelers Companies, Inc. 4.050%, 03/07/2048	$	300,000	$	260,840
Travelers Property Casualty Corp. 7.750%, 04/15/2026		50,000		54,625
Truist Financial Corp.
1.125%, 08/03/2027		700,000		591,867
2.850%, 10/26/2024		700,000		668,188
U.S. Bancorp 2.375%, 07/22/2026		1,000,000		917,355
Visa, Inc.
2.050%, 04/15/2030		600,000		523,046
3.150%, 12/14/2025		463,000		449,665
4.300%, 12/14/2045		463,000		445,497
Wells Fargo & Company
2.572%, (2.572% to 2-11-30, then SOFR + 1.262%), 02/11/2031		2,000,000		1,694,876
3.000%, 10/23/2026		1,000,000		935,483
3.350%, (3.350% to 3-2-32, then SOFR + 1.500%), 03/02/2033		1,000,000		866,750
Westpac Banking Corp. 1.150%, 06/03/2026		800,000		718,818
				75,662,474
Health care – 2.8%
Abbott Laboratories
2.950%, 03/15/2025		300,000		293,067
3.750%, 11/30/2026		283,000		280,961
AbbVie, Inc.
3.200%, 05/14/2026 to 11/21/2029		1,716,000		1,619,333
4.400%, 11/06/2042		260,000		237,632
Aetna, Inc. 3.500%, 11/15/2024		200,000		195,203
Allergan Funding SCS 4.750%, 03/15/2045		321,000		257,907
Amgen, Inc.
4.400%, 05/01/2045		260,000		229,571
4.663%, 06/15/2051		659,000		598,861
AstraZeneca PLC 0.700%, 04/08/2026		500,000		449,968
Baxalta, Inc. 4.000%, 06/23/2025		500,000		489,699
Bayer US Finance II LLC 2.850%, 04/15/2025 (C)		300,000		284,089
Becton, Dickinson and Company 4.685%, 12/15/2044		400,000		372,135
Biogen, Inc. 3.250%, 02/15/2051		561,000		397,197
Boston Scientific Corp. 2.650%, 06/01/2030 (B)		500,000		441,778
Bristol-Myers Squibb Company
3.250%, 08/01/2042		500,000		399,004
4.550%, 02/20/2048		300,000		283,461
Cardinal Health, Inc. 3.750%, 09/15/2025		500,000		484,984
Centene Corp. 4.250%, 12/15/2027		700,000		674,408
CVS Health Corp.
3.875%, 07/20/2025		650,000		638,345
4.300%, 03/25/2028		389,000		382,016
5.050%, 03/25/2048		500,000		467,753
CVS Pass-Through Trust 8.353%, 07/10/2031 (C)		58,687		64,406
DH Europe Finance II Sarl 3.250%, 11/15/2039		300,000		250,139
Dignity Health 4.500%, 11/01/2042		300,000		266,117

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Elevance Health, Inc.
4.101%, 03/01/2028	$	350,000	$	342,648
4.650%, 08/15/2044		150,000		138,165
6.100%, 10/15/2052		333,000		371,521
Eli Lilly & Company 2.250%, 05/15/2050		500,000		330,630
Evernorth Health, Inc. 6.125%, 11/15/2041		330,000		364,657
Gilead Sciences, Inc. 3.650%, 03/01/2026		600,000		587,327
GlaxoSmithKline Capital, Inc.
3.625%, 05/15/2025		500,000		492,810
6.375%, 05/15/2038		210,000		247,705
HCA, Inc.
4.500%, 02/15/2027		500,000		488,222
5.500%, 06/15/2047		400,000		375,476
Humana, Inc. 3.850%, 10/01/2024		350,000		344,063
Johnson & Johnson
2.100%, 09/01/2040		500,000		362,617
5.850%, 07/15/2038		285,000		329,455
Laboratory Corp. of America Holdings 2.950%, 12/01/2029		500,000		446,253
Medtronic, Inc. 4.375%, 03/15/2035		500,000		492,978
Merck & Company, Inc. 2.750%, 02/10/2025		850,000		830,758
Novartis Capital Corp. 3.000%, 11/20/2025		500,000		484,209
Pfizer, Inc.
2.750%, 06/03/2026		713,000		683,197
4.400%, 05/15/2044		264,000		254,385
Quest Diagnostics, Inc.
4.200%, 06/30/2029		500,000		488,838
4.700%, 03/30/2045		500,000		451,732
Regeneron Pharmaceuticals, Inc. 2.800%, 09/15/2050		1,000,000		666,951
Stryker Corp. 4.625%, 03/15/2046		350,000		327,066
The Cigna Group 4.375%, 10/15/2028		500,000		492,685
Thermo Fisher Scientific, Inc. 2.000%, 10/15/2031		400,000		333,405
UnitedHealth Group, Inc.
2.300%, 05/15/2031		500,000		428,391
2.900%, 05/15/2050		400,000		283,329
4.375%, 03/15/2042		50,000		46,059
4.450%, 12/15/2048		300,000		278,006
5.350%, 02/15/2033		700,000		743,954
5.800%, 03/15/2036		300,000		327,420
Utah Acquisition Sub, Inc. 3.950%, 06/15/2026		500,000		476,218
Viatris, Inc. 2.700%, 06/22/2030		500,000		406,386
Zimmer Biomet Holdings, Inc. 3.050%, 01/15/2026		500,000		475,699
Zoetis, Inc. 2.000%, 05/15/2030		500,000		420,352
				24,671,601
Industrials – 2.2%
3M Company 3.000%, 08/07/2025		330,000		317,238
AerCap Ireland Capital DAC
3.300%, 01/30/2032		500,000		414,214
4.450%, 04/03/2026		400,000		384,179

 

275

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Air Lease Corp.
3.125%, 12/01/2030	$	600,000	$	509,032
3.625%, 12/01/2027		400,000		369,211
American Airlines 2016-2 Class AA Pass Through Trust 3.200%, 06/15/2028		215,850		192,428
Automatic Data Processing, Inc. 3.375%, 09/15/2025		752,000		737,054
Burlington Northern Santa Fe LLC 4.400%, 03/15/2042		50,000		46,459
Carrier Global Corp. 3.577%, 04/05/2050		500,000		378,465
Caterpillar, Inc.
3.250%, 04/09/2050		400,000		317,695
3.400%, 05/15/2024		500,000		494,344
CSX Corp.
3.350%, 11/01/2025		420,000		407,376
3.800%, 04/15/2050		1,000,000		810,015
Deere & Company 3.100%, 04/15/2030		500,000		460,888
Delta Air Lines 2019-1 Class AA Pass Through Trust 3.204%, 04/25/2024		200,000		194,980
Equifax, Inc. 3.100%, 05/15/2030		1,200,000		1,043,307
FedEx Corp.
3.875%, 08/01/2042		420,000		341,317
4.400%, 01/15/2047		350,000		300,384
General Dynamics Corp. 3.625%, 04/01/2030		500,000		478,672
General Electric Company
4.500%, 03/11/2044		500,000		448,107
6.750%, 03/15/2032		66,000		74,920
6.875%, 01/10/2039		168,000		195,309
Honeywell International, Inc. 1.950%, 06/01/2030		500,000		428,035
John Deere Capital Corp. 2.050%, 01/09/2025		500,000		481,341
Johnson Controls, Inc. 5.700%, 03/01/2041		150,000		138,827
Kansas City Southern 2.875%, 11/15/2029		500,000		448,229
L3Harris Technologies, Inc. 2.900%, 12/15/2029		300,000		265,167
Lockheed Martin Corp. 3.800%, 03/01/2045		400,000		345,432
Norfolk Southern Corp. 4.837%, 10/01/2041		240,000		224,660
Northrop Grumman Corp.
3.250%, 01/15/2028		300,000		285,049
4.400%, 05/01/2030		200,000		198,904
Precision Castparts Corp. 3.250%, 06/15/2025		500,000		487,936
Raytheon Technologies Corp.
4.625%, 11/16/2048		500,000		475,402
6.125%, 07/15/2038		225,000		249,759
Republic Services, Inc. 2.375%, 03/15/2033 (B)		400,000		330,193
Southwest Airlines Company 5.250%, 05/04/2025		1,200,000		1,199,027
Stanley Black & Decker, Inc. 2.750%, 11/15/2050		300,000		177,866
The Boeing Company
2.600%, 10/30/2025		438,000		410,587
2.950%, 02/01/2030		400,000		353,005

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
The Boeing Company (continued)
3.750%, 02/01/2050	$	400,000	$	302,730
5.805%, 05/01/2050		600,000		604,000
8.750%, 09/15/2031		90,000		109,677
Thomson Reuters Corp. 4.500%, 05/23/2043		250,000		202,154
Trane Technologies Global Holding Company, Ltd. 4.300%, 02/21/2048		600,000		512,303
Union Pacific Corp.
3.250%, 08/15/2025		500,000		485,667
3.799%, 10/01/2051 to 04/06/2071		1,113,000		881,277
United Airlines 2016-2 Class AA Pass Through Trust 2.875%, 10/07/2028		220,707		196,512
United Parcel Service, Inc. 3.400%, 03/15/2029		400,000		381,727
Verisk Analytics, Inc. 4.125%, 03/15/2029		600,000		573,683
Waste Management, Inc. 2.500%, 11/15/2050		300,000		194,827
				19,859,570
Information technology – 1.8%
Apple, Inc.
1.650%, 05/11/2030		900,000		766,254
2.400%, 05/03/2023		800,000		798,528
2.450%, 08/04/2026		1,060,000		1,008,926
3.250%, 02/23/2026		500,000		489,141
Applied Materials, Inc.
3.900%, 10/01/2025		470,000		463,767
5.100%, 10/01/2035		470,000		491,533
Broadcom, Inc.
2.600%, 02/15/2033 (C)		1,000,000		784,180
3.137%, 11/15/2035 (C)		600,000		461,436
4.300%, 11/15/2032		700,000		644,939
Cisco Systems, Inc. 5.900%, 02/15/2039		80,000		90,244
Dell International LLC 5.300%, 10/01/2029		600,000		604,525
Eaton Corp. 3.103%, 09/15/2027		500,000		472,193
Hewlett Packard Enterprise Company 6.200%, 10/15/2035		400,000		428,924
IBM Corp.
3.450%, 02/19/2026		1,115,000		1,083,927
4.000%, 06/20/2042		210,000		178,734
5.600%, 11/30/2039		21,000		21,846
Intel Corp. 2.000%, 08/12/2031		500,000		411,851
Microsoft Corp.
2.525%, 06/01/2050		1,538,000		1,088,261
3.125%, 11/03/2025		438,000		427,164
NVIDIA Corp. 2.000%, 06/15/2031		400,000		336,535
NXP BV 3.400%, 05/01/2030		520,000		467,580
Oracle Corp.
2.400%, 09/15/2023		435,000		429,150
2.650%, 07/15/2026		310,000		289,632
2.875%, 03/25/2031		400,000		342,281
2.950%, 05/15/2025		550,000		529,516
4.000%, 11/15/2047		400,000		305,103
4.125%, 05/15/2045		500,000		392,644
Qualcomm, Inc. 1.650%, 05/20/2032		566,000		458,654

 

276

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Roper Technologies, Inc. 4.200%, 09/15/2028	$	500,000	$	491,575
Salesforce, Inc. 2.700%, 07/15/2041		400,000		300,490
Texas Instruments, Inc. 3.875%, 03/15/2039		200,000		182,402
VMware, Inc. 1.800%, 08/15/2028		400,000		337,783
Xerox Corp. 6.750%, 12/15/2039		60,000		42,986
				15,622,704
Materials – 0.7%
Air Products and Chemicals, Inc. 1.850%, 05/15/2027		500,000		452,073
Avery Dennison Corp. 2.650%, 04/30/2030		400,000		341,567
DuPont de Nemours, Inc. 5.319%, 11/15/2038		400,000		402,684
Eastman Chemical Company 4.650%, 10/15/2044		500,000		434,346
Glencore Funding LLC 2.625%, 09/23/2031 (C)		500,000		410,425
Huntsman International LLC 4.500%, 05/01/2029		500,000		469,519
International Paper Company 5.000%, 09/15/2035		500,000		490,722
LYB International Finance II BV 3.500%, 03/02/2027		400,000		382,393
Martin Marietta Materials, Inc. 2.400%, 07/15/2031		300,000		245,661
Newmont Corp. 4.875%, 03/15/2042		270,000		257,996
Potash Corp. of Saskatchewan, Inc. 5.625%, 12/01/2040		150,000		143,635
Rio Tinto Alcan, Inc. 6.125%, 12/15/2033		100,000		111,015
Rio Tinto Finance USA PLC 4.750%, 03/22/2042		270,000		263,204
Rio Tinto Finance USA, Ltd. 5.200%, 11/02/2040		250,000		257,278
Teck Resources, Ltd. 6.250%, 07/15/2041		270,000		277,542
The Dow Chemical Company
4.375%, 11/15/2042		590,000		511,091
9.400%, 05/15/2039		130,000		174,919
The Sherwin-Williams Company 3.450%, 06/01/2027		300,000		287,070
Vale Overseas, Ltd. 6.875%, 11/10/2039		350,000		362,655
Vulcan Materials Company 3.500%, 06/01/2030		300,000		274,163
				6,549,958
Real estate – 1.0%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/2033		400,000		299,644
American Tower Corp. 5.000%, 02/15/2024		500,000		497,702
AvalonBay Communities, Inc. 2.050%, 01/15/2032 (B)		400,000		323,623
Boston Properties LP 2.550%, 04/01/2032		500,000		356,444
Brixmor Operating Partnership LP 4.125%, 05/15/2029		700,000		640,632
Crown Castle, Inc.
2.500%, 07/15/2031		300,000		252,141

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Crown Castle, Inc. (continued)
3.700%, 06/15/2026	$	400,000	$	385,623
CubeSmart LP 4.000%, 11/15/2025		200,000		195,539
Digital Realty Trust LP 4.450%, 07/15/2028		200,000		188,090
Duke Realty LP 3.250%, 06/30/2026		200,000		185,017
Equinix, Inc. 2.150%, 07/15/2030		400,000		327,062
Essex Portfolio LP 3.000%, 01/15/2030		400,000		348,066
Extra Space Storage LP 2.350%, 03/15/2032		500,000		392,896
GLP Capital LP 5.300%, 01/15/2029		600,000		572,490
Healthpeak OP LLC 3.500%, 07/15/2029		400,000		366,419
Mid-America Apartments LP 3.950%, 03/15/2029		800,000		766,670
Service Properties Trust 4.500%, 03/15/2025		200,000		183,776
Simon Property Group LP
3.375%, 06/15/2027		500,000		470,172
3.500%, 09/01/2025		441,500		425,685
Sun Communities Operating LP 5.700%, 01/15/2033		1,000,000		1,000,656
Welltower OP LLC 2.750%, 01/15/2031		500,000		415,392
				8,593,739
Utilities – 1.8%
AEP Transmission Company LLC 3.750%, 12/01/2047		400,000		328,880
Ameren Corp. 3.500%, 01/15/2031		1,000,000		909,736
American Water Capital Corp. 4.300%, 09/01/2045		350,000		305,395
Arizona Public Service Company 3.350%, 05/15/2050		500,000		352,431
Baltimore Gas and Electric Company 4.550%, 06/01/2052		700,000		638,140
Berkshire Hathaway Energy Company
4.500%, 02/01/2045		500,000		446,847
6.125%, 04/01/2036		436,000		479,918
CenterPoint Energy, Inc. 2.950%, 03/01/2030		700,000		614,014
Consolidated Edison Company of New York, Inc. 3.950%, 04/01/2050		700,000		579,190
Constellation Energy Generation LLC 6.250%, 10/01/2039		160,000		168,597
Dominion Energy, Inc.
3.375%, 04/01/2030		600,000		545,352
3.900%, 10/01/2025		242,000		236,068
Duke Energy Carolinas LLC 6.000%, 01/15/2038		200,000		215,744
Duke Energy Corp.
3.750%, 04/15/2024		500,000		494,150
4.800%, 12/15/2045		500,000		457,197
5.000%, 08/15/2052		600,000		558,143
Entergy Texas, Inc. 1.750%, 03/15/2031		700,000		563,484
Essential Utilities, Inc. 4.276%, 05/01/2049		500,000		418,033

 

277

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Eversource Energy 4.250%, 04/01/2029	$	500,000	$	490,980
Exelon Corp. 3.400%, 04/15/2026		542,000		520,776
Florida Power & Light Company 5.650%, 02/01/2037		290,000		307,026
Georgia Power Company 5.950%, 02/01/2039		335,000		338,227
Indiana Michigan Power Company 6.050%, 03/15/2037		187,000		202,612
NextEra Energy Capital Holdings, Inc. 2.250%, 06/01/2030		700,000		591,696
NiSource, Inc. 3.950%, 03/30/2048		400,000		322,869
Oncor Electric Delivery Company LLC 7.500%, 09/01/2038		188,000		232,928
Pacific Gas & Electric Company
2.500%, 02/01/2031		600,000		486,079
3.450%, 07/01/2025		30,000		28,592
3.750%, 07/01/2028		30,000		27,603
4.550%, 07/01/2030		227,000		212,719
4.950%, 07/01/2050		827,000		681,334
PacifiCorp 6.000%, 01/15/2039		335,000		364,133
Public Service Company of Colorado 3.600%, 09/15/2042		500,000		410,604
Public Service Electric & Gas Company 3.000%, 05/15/2025		250,000		241,272
San Diego Gas & Electric Company 6.125%, 09/15/2037		202,000		208,739
Southern California Edison Company
2.250%, 06/01/2030		700,000		594,601
5.350%, 07/15/2035		130,000		131,460
Southern California Gas Company 6.350%, 11/15/2052		500,000		575,813
The Southern Company 3.250%, 07/01/2026		572,000		545,392
Virginia Electric & Power Company 8.875%, 11/15/2038		190,000		263,125
Xcel Energy, Inc. 3.300%, 06/01/2025		400,000		386,429
				16,476,328
TOTAL CORPORATE BONDS (Cost $253,789,012)			$	230,024,685
MUNICIPAL BONDS – 0.4%
Bay Area Toll Authority (California) 6.907%, 10/01/2050		50,000		64,581
Illinois State Toll Highway Authority 6.184%, 01/01/2034		150,000		167,300
Maryland State Transportation Authority 5.888%, 07/01/2043		60,000		65,964
Metropolitan Washington Airports Authority 7.462%, 10/01/2046		40,000		51,937
New Jersey Turnpike Authority 7.102%, 01/01/2041		90,000		110,968
New York State Dormitory Authority 5.628%, 03/15/2039		340,000		358,196
New York State Urban Development Corp. 5.770%, 03/15/2039		300,000		314,164
State of California, GO
7.300%, 10/01/2039		400,000		496,335
7.500%, 04/01/2034		80,000		99,971

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
State of Illinois, GO
5.100%, 06/01/2033	$	115,000	$	114,720
7.350%, 07/01/2035		260,000		285,392
State of Texas, GO 5.517%, 04/01/2039		260,000		285,638
State of Utah, GO
3.539%, 07/01/2025		286,286		283,094
4.554%, 07/01/2024		95,000		94,719
State of Washington, GO 5.481%, 08/01/2039		260,000		275,558
Texas Transportation Commission State Highway Fund 5.178%, 04/01/2030		310,000		320,637
University of California 5.770%, 05/15/2043		320,000		351,933
TOTAL MUNICIPAL BONDS (Cost $3,507,553)			$	3,741,107
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.2%
Commercial and residential – 2.0%
Banc of America Commercial Mortgage Trust Series 2015-UBS7, Class A4 3.705%, 09/15/2048		145,000		138,115
BANK
Series 2017-BNK6, Class A4, 3.254%, 07/15/2060		2,000,000		1,856,509
Series 2022-BNK39, Class A4, 2.928%, 02/15/2055		2,000,000		1,684,484
BMO Mortgage Trust Series 2022-C1, Class A5 3.374%, 02/15/2055 (D)		2,000,000		1,746,264
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		1,090,000		1,017,409
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2013-CR8, Class AM, 3.831%, 06/10/2046 (C)(D)		630,000		602,948
Series 2014-CR14, Class A3, 3.955%, 02/10/2047		1,000,000		985,711
Series 2014-CR21, Class A3, 3.528%, 12/10/2047		599,059		577,344
Series 2015-CR27, Class A4, 3.612%, 10/10/2048		1,000,000		956,404
GS Mortgage Securities Trust
Series 2016-GS4, Class A3, 3.178%, 11/10/2049		2,846,635		2,652,036
Series 2017-GS5, Class A3, 3.409%, 03/10/2050		2,750,637		2,527,718
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class A4 4.133%, 08/15/2046 (D)		261,491		260,056
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C16, Class A4 4.166%, 12/15/2046		500,000		494,156
Morgan Stanley Capital Trust Series 2021-L5, Class A4 2.728%, 05/15/2054		2,000,000		1,665,444
Wells Fargo Commercial Mortgage Trust Series 2015-C29, Class AS 4.013%, 06/15/2048 (D)		500,000		477,617
				17,642,215

 

278

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency – 0.2%
Federal Home Loan Mortgage Corp.
Series K041, Class A2, 3.171%, 10/25/2024	$	700,000	$	682,478
Series K047, Class A2, 3.329%, 05/25/2025 (D)		700,000		682,651
Series K050, Class A2, 3.334%, 08/25/2025 (D)		700,000		681,710
				2,046,839
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $21,568,945)			$	19,689,054
ASSET BACKED SECURITIES – 0.2%
SMB Private Education Loan Trust Series 2021-E, Class A1A 1.680%, 02/15/2051 (C)		1,347,697		1,224,948
TOTAL ASSET BACKED SECURITIES (Cost $1,347,643)			$	1,224,948
SHORT-TERM INVESTMENTS – 1.0%
Short-term funds – 1.0%
John Hancock Collateral Trust, 4.9438% (E)(F)		848,689		8,484,255
TOTAL SHORT-TERM INVESTMENTS (Cost $8,485,007)			$	8,484,255
Total Investments (Total Bond Market Trust) (Cost $951,575,108) – 98.8%			$	878,900,858
Other assets and liabilities, net – 1.2%				10,980,320
TOTAL NET ASSETS – 100.0%			$	889,881,178

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
GO	General Obligation
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $632,129.
(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)	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.
(E)	The rate shown is the annualized seven-day yield as of 3-31-23.
(F)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $645,827.

Total Stock Market Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.4%
Communication services – 7.5%
Diversified telecommunication services – 0.7%
Anterix, Inc. (A)	210	$	6,938
AT&T, Inc.	116,734		2,247,130

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
ATN International, Inc.	291	$	11,908
Bandwidth, Inc., Class A (A)	431		6,551
Cogent Communications Holdings, Inc.	804		51,231
Consolidated Communications Holdings, Inc. (A)	1,652		4,262
EchoStar Corp., Class A (A)	675		12,346
Frontier Communications Parent, Inc. (A)	3,784		86,162
Globalstar, Inc. (A)	30,257		35,098
IDT Corp., Class B (A)	461		15,711
Iridium Communications, Inc.	2,109		130,610
Lumen Technologies, Inc.	17,158		45,469
Ooma, Inc. (A)	477		5,967
Verizon Communications, Inc.	68,776		2,674,699
			5,334,082
Entertainment – 1.4%
Activision Blizzard, Inc.	12,815		1,096,836
AMC Entertainment Holdings, Inc., Class A (A)(B)	8,680		43,487
Cinemark Holdings, Inc. (A)	2,030		30,024
CuriosityStream, Inc. (A)	831		1,122
Electronic Arts, Inc.	4,555		548,650
Endeavor Group Holdings, Inc., Class A (A)	4,725		113,069
Liberty Media Corp.-Liberty Braves, Class A (A)	829		28,667
Liberty Media Corp.-Liberty Formula One, Series A (A)	225		15,188
Liberty Media Corp.-Liberty Formula One, Series C (A)	3,503		262,129
Lions Gate Entertainment Corp., Class B (A)	4,105		42,610
Live Nation Entertainment, Inc. (A)	3,776		264,320
Madison Square Garden Entertainment Corp. (A)	478		28,235
Madison Square Garden Sports Corp.	320		62,352
Netflix, Inc. (A)	7,284		2,516,476
Playtika Holding Corp. (A)	5,937		66,851
Reservoir Media, Inc. (A)	795		5,183
ROBLOX Corp., Class A (A)	9,021		405,765
Roku, Inc. (A)	2,009		132,232
Sciplay Corp., Class A (A)	438		7,428
Skillz, Inc. (A)	6,830		4,052
Take-Two Interactive Software, Inc. (A)	2,731		325,808
The Marcus Corp.	486		7,776
The Walt Disney Company (A)	29,873		2,991,183
Vivid Seats, Inc., Class A (A)	1,470		11,216
Warner Brothers Discovery, Inc. (A)	39,630		598,413
Warner Music Group Corp., Class A	2,272		75,817
World Wrestling Entertainment, Inc., Class A	715		65,251
			9,750,140
Interactive media and services – 4.1%
Alphabet, Inc., Class A (A)	96,807		10,041,728
Alphabet, Inc., Class C (A)	97,002		10,088,208
Angi, Inc. (A)	1,822		4,136
Bumble, Inc., Class A (A)	2,062		40,312
BuzzFeed, Inc. (A)	1,643		1,857
CarGurus, Inc. (A)	1,735		32,410
Cars.com, Inc. (A)	1,154		22,272
DHI Group, Inc. (A)	372		1,443
Eventbrite, Inc., Class A (A)	1,461		12,535
EverQuote, Inc., Class A (A)	481		6,686
FaZe Holdings, Inc. (A)	1,062		488
Getty Images Holdings, Inc. (A)	6,302		32,077
IAC, Inc. (A)	1,394		71,930

 

279

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Match Group, Inc. (A)	4,647	$	178,398
MediaAlpha, Inc., Class A (A)	781		11,699
Meta Platforms, Inc., Class A (A)	36,177		7,667,353
Nextdoor Holdings, Inc. (A)	3,090		6,644
Outbrain, Inc. (A)	626		2,585
Pinterest, Inc., Class A (A)	9,566		260,865
QuinStreet, Inc. (A)	983		15,600
Shutterstock, Inc.	615		44,649
Snap, Inc., Class A (A)	22,935		257,101
Society Pass, Inc. (A)	350		357
System1, Inc. (A)	1,379		5,930
The Arena Group Holdings, Inc. (A)	200		850
TripAdvisor, Inc. (A)	2,094		41,587
TrueCar, Inc. (A)	1,900		4,370
Vimeo, Inc. (A)	2,863		10,965
Yelp, Inc. (A)	1,157		35,520
Ziff Davis, Inc. (A)	780		60,879
ZipRecruiter, Inc., Class A (A)	1,452		23,145
ZoomInfo Technologies, Inc. (A)	6,641		164,099
			29,148,678
Media – 0.9%
AdTheorent Holding Company, Inc. (A)	842		1,423
Advantage Solutions, Inc. (A)	4,745		7,497
Altice USA, Inc., Class A (A)	4,140		14,159
AMC Networks, Inc., Class A (A)	302		5,309
Boston Omaha Corp., Class A (A)	528		12,498
Cable One, Inc.	98		68,796
Cardlytics, Inc. (A)	559		1,898
Charter Communications, Inc., Class A (A)	2,481		887,230
Clear Channel Outdoor Holdings, Inc. (A)	8,831		10,597
Comcast Corp., Class A	68,373		2,592,020
comScore, Inc. (A)	1,108		1,363
DISH Network Corp., Class A (A)	4,903		45,745
Emerald Holding, Inc. (A)	1,284		4,776
Entravision Communications Corp., Class A	1,260		7,623
Fox Corp., Class A	4,826		164,325
Fox Corp., Class B	3,863		120,951
Gannett Company, Inc. (A)	2,798		5,232
Gray Television, Inc.	1,517		13,228
iHeartMedia, Inc., Class A (A)	2,155		8,405
Innovid Corp. (A)	1,897		2,675
Integral Ad Science Holding Corp. (A)	2,544		36,303
John Wiley & Sons, Inc., Class A	793		30,745
Liberty Broadband Corp., Series C (A)	2,048		167,322
Liberty Media Corp.-Liberty SiriusXM, Series A (A)	2,669		74,972
Liberty Media Corp.-Liberty SiriusXM, Series C (A)	2,528		70,759
Loyalty Ventures, Inc. (A)	297		6
Magnite, Inc. (A)	2,159		19,992
News Corp., Class A	9,021		155,793
News Corp., Class B	337		5,874
Nexstar Media Group, Inc.	646		111,538
Omnicom Group, Inc.	3,354		316,416
Paramount Global, Class B (B)	10,695		238,605
PubMatic, Inc., Class A (A)	758		10,476
Quotient Technology, Inc. (A)	1,764		5,786
Saga Communications, Inc., Class A	175		3,890
Scholastic Corp.	561		19,197
Sinclair Broadcast Group, Inc., Class A	834		14,311
Sirius XM Holdings, Inc. (B)	63,975		253,981
Stagwell, Inc. (A)	1,894		14,053

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
TechTarget, Inc. (A)	503	$	18,168
TEGNA, Inc.	3,707		62,685
The EW Scripps Company, Class A (A)	1,348		12,685
The Interpublic Group of Companies, Inc.	6,427		239,341
The New York Times Company, Class A	2,736		106,376
The Trade Desk, Inc., Class A (A)	7,286		443,790
Tremor International, Ltd. (A)	81		210
Urban One, Inc. (A)	346		1,903
Urban One, Inc. (A)	45		340
WideOpenWest, Inc. (A)	1,455		15,467
			6,426,734
Wireless telecommunication services – 0.4%
Gogo, Inc. (A)	2,008		29,116
KORE Group Holdings, Inc. (A)	967		1,180
Shenandoah Telecommunications Company	901		17,137
Spok Holdings, Inc.	444		4,498
Telephone & Data Systems, Inc.	1,870		19,654
T-Mobile US, Inc. (A)	19,820		2,870,729
United States Cellular Corp. (A)	961		19,922
			2,962,236
			53,621,870
Consumer discretionary – 10.6%
Automobile components – 0.2%
Adient PLC (A)	1,550		63,488
American Axle & Manufacturing Holdings, Inc. (A)	1,974		15,417
Autoliv, Inc.	1,369		127,810
BorgWarner, Inc.	3,932		193,101
Dana, Inc.	2,445		36,797
Dorman Products, Inc. (A)	498		42,957
Fox Factory Holding Corp. (A)	717		87,022
Gentex Corp.	3,681		103,178
Gentherm, Inc. (A)	576		34,802
Holley, Inc. (A)	1,608		4,406
LCI Industries	430		47,244
Lear Corp.	985		137,398
Luminar Technologies, Inc. (A)(B)	4,169		27,057
Modine Manufacturing Company (A)	919		21,183
Motorcar Parts of America, Inc. (A)	447		3,326
Patrick Industries, Inc.	414		28,487
QuantumScape Corp. (A)(B)	5,966		48,802
Solid Power, Inc. (A)	2,413		7,263
Standard Motor Products, Inc.	404		14,912
Stoneridge, Inc. (A)	529		9,892
Superior Industries International, Inc. (A)	282		1,396
The Goodyear Tire & Rubber Company (A)	4,720		52,014
Visteon Corp. (A)	475		74,494
			1,182,446
Automobiles – 1.8%
Arcimoto, Inc. (A)	40		56
Canoo, Inc. (A)	5,484		3,579
Envirotech Vehicles, Inc. (A)	311		961
Fisker, Inc. (A)(B)	2,697		16,560
Ford Motor Company	64,752		815,875
General Motors Company	23,907		876,909
Harley-Davidson, Inc.	2,412		91,584
Lordstown Motors Corp., Class A (A)	3,248		2,154
Lucid Group, Inc. (A)(B)	27,542		221,438
Rivian Automotive, Inc., Class A (A)(B)	14,933		231,163
Tesla, Inc. (A)	51,335		10,649,959
Thor Industries, Inc.	910		72,472

 

280

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobiles (continued)
Winnebago Industries, Inc.	534	$	30,812
			13,013,522
Broadline retail – 2.6%
1stdibs.com, Inc. (A)	442		1,755
Amazon.com, Inc. (A)	166,873		17,236,312
Big Lots, Inc.	557		6,105
CarParts.com, Inc. (A)	778		4,155
ContextLogic, Inc., Class A (A)	11,179		4,984
Coupang, Inc. (A)	25,933		414,928
Dillard's, Inc., Class A	217		66,767
eBay, Inc.	9,008		399,685
Etsy, Inc. (A)	2,078		231,344
Groupon, Inc. (A)	572		2,408
Kohl's Corp.	1,932		45,479
Macy's, Inc.	4,454		77,900
Nordstrom, Inc. (B)	2,651		43,132
Ollie's Bargain Outlet Holdings, Inc. (A)	1,038		60,142
Qurate Retail, Inc., Series A (A)	5,287		5,223
			18,600,319
Distributors – 0.1%
Funko, Inc., Class A (A)	708		6,676
Genuine Parts Company	2,289		382,973
LKQ Corp.	4,536		257,463
Pool Corp.	654		223,956
Weyco Group, Inc.	249		6,300
			877,368
Diversified consumer services – 0.2%
2U, Inc. (A)	1,345		9,213
ADT, Inc.	13,826		99,962
Adtalem Global Education, Inc. (A)	775		29,931
American Public Education, Inc. (A)	372		2,016
Bright Horizons Family Solutions, Inc. (A)	971		74,757
Carriage Services, Inc.	281		8,576
Chegg, Inc. (A)	2,095		34,149
Coursera, Inc. (A)	2,210		25,459
Duolingo, Inc. (A)	513		73,149
European Wax Center, Inc., Class A	852		16,188
frontdoor, Inc. (A)	1,431		39,896
Graham Holdings Company, Class B	37		22,046
Grand Canyon Education, Inc. (A)	534		60,823
H&R Block, Inc.	2,642		93,131
ITT Educational Services, Inc. (A)(C)	608		0
Laureate Education, Inc.	2,848		33,492
Lincoln Educational Services Corp. (A)	91		515
Mister Car Wash, Inc. (A)	4,692		40,445
Nerdy, Inc. (A)	1,961		8,197
Perdoceo Education Corp. (A)	1,215		16,317
Regis Corp. (A)	223		248
Rover Group, Inc. (A)	2,832		12,829
Service Corp. International	2,591		178,209
Strategic Education, Inc.	434		38,986
Stride, Inc. (A)	726		28,496
Udemy, Inc. (A)	2,213		19,541
Universal Technical Institute, Inc. (A)	177		1,306
Wag! Group Company (A)	510		1,142
WW International, Inc. (A)	1,278		5,265
			974,284
Hotels, restaurants and leisure – 2.4%
Accel Entertainment, Inc. (A)	1,215		11,069
Airbnb, Inc., Class A (A)	6,559		815,940
Ambassadors Group, Inc. (A)(C)	714		29
Aramark	4,256		152,365
Bally's Corp. (A)	742		14,484

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Biglari Holdings, Inc., Class B (A)	52	$	8,798
BJ's Restaurants, Inc. (A)	418		12,181
Bloomin' Brands, Inc.	1,512		38,783
Bluegreen Vacations Holding Corp.	136		3,724
Booking Holdings, Inc. (A)	612		1,623,275
Bowlero Corp. (A)	1,682		28,510
Boyd Gaming Corp.	1,753		112,402
Brinker International, Inc. (A)	737		28,006
Caesars Entertainment, Inc. (A)	3,551		173,324
Carnival Corp. (A)	17,793		180,599
Carrols Restaurant Group, Inc. (A)	1,021		2,277
Cedar Fair LP	946		43,223
Century Casinos, Inc. (A)	342		2,507
Chipotle Mexican Grill, Inc. (A)	455		777,272
Choice Hotels International, Inc.	919		107,698
Churchill Downs, Inc.	607		156,029
Chuy's Holdings, Inc. (A)	382		13,695
Cracker Barrel Old Country Store, Inc.	380		43,168
Darden Restaurants, Inc.	2,048		317,768
Dave & Buster's Entertainment, Inc. (A)	706		25,974
Denny's Corp. (A)	1,094		12,209
Dine Brands Global, Inc.	262		17,722
Domino's Pizza, Inc.	589		194,293
DoorDash, Inc., Class A (A)	5,882		373,860
DraftKings, Inc., Class A (A)	7,440		144,038
Dutch Bros, Inc., Class A (A)	796		25,177
El Pollo Loco Holdings, Inc.	773		7,413
Everi Holdings, Inc. (A)	1,572		26,960
Expedia Group, Inc. (A)	2,498		242,381
F45 Training Holdings, Inc. (A)	1,399		1,623
FAT Brands, Inc., Class A	116		817
Fiesta Restaurant Group, Inc. (A)	667		5,483
First Watch Restaurant Group, Inc. (A)	609		9,781
Full House Resorts, Inc. (A)	336		2,429
Global Business Travel Group I (A)	853		5,655
Golden Entertainment, Inc. (A)	521		22,669
Hilton Grand Vacations, Inc. (A)	1,856		82,462
Hilton Worldwide Holdings, Inc.	4,507		634,901
Hyatt Hotels Corp., Class A (A)	837		93,568
Inspired Entertainment, Inc. (A)	269		3,441
Jack in the Box, Inc.	352		30,832
Krispy Kreme, Inc.	2,475		38,486
Kura Sushi USA, Inc., Class A (A)	125		8,230
Las Vegas Sands Corp. (A)	12,539		720,366
Life Time Group Holdings, Inc. (A)	3,017		48,151
Light & Wonder, Inc. (A)	1,564		93,918
Marriott International, Inc., Class A	5,008		831,528
Marriott Vacations Worldwide Corp.	655		88,333
McDonald's Corp.	12,040		3,366,504
MGM Resorts International	6,476		287,664
Monarch Casino & Resort, Inc.	351		26,027
Nathan's Famous, Inc.	78		5,897
Noodles & Company (A)	1,045		5,068
Norwegian Cruise Line Holdings, Ltd. (A)	6,764		90,976
Papa John's International, Inc.	597		44,733
Penn Entertainment, Inc. (A)	2,635		78,154
Planet Fitness, Inc., Class A (A)	1,388		107,806
PlayAGS, Inc. (A)	767		5,484
Portillo's, Inc., Class A (A)	596		12,737
Potbelly Corp. (A)	141		1,175
RCI Hospitality Holdings, Inc.	169		13,211
Red Robin Gourmet Burgers, Inc. (A)	308		4,411
Red Rock Resorts, Inc., Class A	1,014		45,194
Restaurant Brands International LP	82		5,446

 

281

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Royal Caribbean Cruises, Ltd. (A)	4,192	$	273,738
Rush Street Interactive, Inc. (A)	765		2,379
Ruth's Hospitality Group, Inc.	657		10,788
Sabre Corp. (A)	5,497		23,582
SeaWorld Entertainment, Inc. (A)	1,118		68,545
Shake Shack, Inc., Class A (A)	668		37,067
Six Flags Entertainment Corp. (A)	1,249		33,361
Soho House & Company, Inc. (A)	1,226		8,018
Sonder Holdings, Inc. (A)	3,264		2,471
Starbucks Corp.	18,806		1,958,269
Sweetgreen, Inc., Class A (A)	1,470		11,525
Target Hospitality Corp. (A)	1,561		20,512
Texas Roadhouse, Inc.	1,114		120,379
The Cheesecake Factory, Inc.	892		31,265
The Wendy's Company	3,521		76,687
Travel + Leisure Company	1,411		55,311
Vacasa, Inc., Class A (A)	3,522		3,389
Vail Resorts, Inc.	619		144,648
Wingstop, Inc.	496		91,056
Wyndham Hotels & Resorts, Inc.	1,489		101,029
Wynn Resorts, Ltd. (A)	1,872		209,496
Xponential Fitness, Inc., Class A (A)	491		14,921
Yum China Holdings, Inc.	6,801		431,115
Yum! Brands, Inc.	4,640		612,851
			16,902,715
Household durables – 0.4%
Bassett Furniture Industries, Inc.	199		3,542
Beazer Homes USA, Inc. (A)	198		3,144
Cavco Industries, Inc. (A)	155		49,250
Century Communities, Inc.	552		35,284
Cricut, Inc., Class A	864		8,813
D.R. Horton, Inc.	5,712		558,005
Dream Finders Homes, Inc., Class A (A)	686		9,090
Ethan Allen Interiors, Inc.	426		11,698
Flexsteel Industries, Inc.	139		2,677
GoPro, Inc., Class A (A)	2,431		12,228
Green Brick Partners, Inc. (A)	849		29,766
Hamilton Beach Brands Holding Company, Class A	205		2,099
Hamilton Beach Brands Holding Company, Class B	241		2,468
Helen of Troy, Ltd. (A)	381		36,260
Hooker Furnishings Corp.	257		4,675
Hovnanian Enterprises, Inc., Class A (A)	113		7,666
Installed Building Products, Inc.	498		56,787
iRobot Corp. (A)	455		19,856
KB Home	1,321		53,078
Landsea Homes Corp. (A)	283		1,715
La-Z-Boy, Inc.	740		21,519
Legacy Housing Corp. (A)	491		11,175
Leggett & Platt, Inc.	2,195		69,977
Lennar Corp., A Shares	4,580		481,404
LGI Homes, Inc. (A)	335		38,200
Lifetime Brands, Inc.	75		441
M/I Homes, Inc. (A)	450		28,391
MDC Holdings, Inc.	1,048		40,736
Meritage Homes Corp.	524		61,182
Mohawk Industries, Inc. (A)	1,026		102,826
Newell Brands, Inc.	6,838		85,065
NVR, Inc. (A)	52		289,754
PulteGroup, Inc.	3,709		216,161
Purple Innovation, Inc. (A)	1,379		3,641
Skyline Champion Corp. (A)	968		72,823
Snap One Holdings Corp. (A)	1,112		10,397
Sonos, Inc. (A)	2,137		41,928

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Taylor Morrison Home Corp. (A)	1,938	$	74,148
Tempur Sealy International, Inc.	2,835		111,954
The Lovesac Company (A)	280		8,092
Toll Brothers, Inc.	1,865		111,956
TopBuild Corp. (A)	539		112,187
Traeger, Inc. (A)	1,820		7,480
Tri Pointe Homes, Inc. (A)	1,388		35,144
Tupperware Brands Corp. (A)	610		1,525
Universal Electronics, Inc. (A)	236		2,393
Vizio Holding Corp., Class A (A)	2,005		18,406
VOXX International Corp. (A)	506		6,239
Whirlpool Corp.	879		116,046
			3,089,291
Leisure products – 0.1%
Acushnet Holdings Corp.	1,199		61,077
American Outdoor Brands, Inc. (A)	307		3,021
Brunswick Corp.	1,244		102,008
Clarus Corp.	526		4,971
Escalade, Inc.	328		4,789
Hasbro, Inc.	2,282		122,521
JAKKS Pacific, Inc. (A)	88		1,522
Johnson Outdoors, Inc., Class A	178		11,216
Latham Group, Inc. (A)	1,783		5,099
Malibu Boats, Inc., Class A (A)	367		20,717
Marine Products Corp.	742		9,787
MasterCraft Boat Holdings, Inc. (A)	348		10,590
Mattel, Inc. (A)	5,844		107,588
Peloton Interactive, Inc., Class A (A)	5,138		58,265
Polaris, Inc.	984		108,860
Smith & Wesson Brands, Inc.	903		11,116
Solo Brands, Inc., Class A (A)	328		2,355
Sturm Ruger & Company, Inc.	325		18,668
Topgolf Callaway Brands Corp. (A)	3,017		65,228
Vista Outdoor, Inc. (A)	935		25,909
YETI Holdings, Inc. (A)	1,434		57,360
			812,667
Specialty retail – 2.1%
1-800-Flowers.com, Inc., Class A (A)	562		6,463
Abercrombie & Fitch Company, Class A (A)	826		22,922
Academy Sports & Outdoors, Inc.	1,317		85,934
Advance Auto Parts, Inc.	986		119,907
Aka Brands Holding Corp. (A)	1,841		1,003
American Eagle Outfitters, Inc.	3,071		41,274
America's Car-Mart, Inc. (A)	117		9,268
Arhaus, Inc. (A)	962		7,975
Arko Corp.	1,443		12,251
Asbury Automotive Group, Inc. (A)	361		75,810
AutoNation, Inc. (A)	812		109,100
AutoZone, Inc. (A)	319		784,150
BARK, Inc. (A)	2,469		3,580
Barnes & Noble Education, Inc. (A)	1,158		1,760
Bath & Body Works, Inc.	3,750		137,175
Bed Bath & Beyond, Inc. (A)	1,476		631
Best Buy Company, Inc.	3,694		289,129
Big 5 Sporting Goods Corp.	321		2,468
Boot Barn Holdings, Inc. (A)	502		38,473
Brilliant Earth Group, Inc., Class A (A)	312		1,220
Build-A-Bear Workshop, Inc.	196		4,555
Burlington Stores, Inc. (A)	1,079		218,066
Caleres, Inc.	490		10,599
Camping World Holdings, Inc., Class A	715		14,922
CarMax, Inc. (A)	2,616		168,156
Carvana Company (A)(B)	1,910		18,699
Chewy, Inc., Class A (A)	1,840		68,779

 

282

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Chico's FAS, Inc. (A)	1,633	$	8,982
Citi Trends, Inc. (A)	79		1,503
Conn's, Inc. (A)	510		3,091
Designer Brands, Inc., Class A	872		7,621
Destination XL Group, Inc. (A)	773		4,259
Dick's Sporting Goods, Inc.	915		129,829
Duluth Holdings, Inc., Class B (A)	700		4,466
Envela Corp. (A)	145		943
EVgo, Inc. (A)(B)	1,443		11,241
Express, Inc. (A)	208		164
Five Below, Inc. (A)	915		188,463
Floor & Decor Holdings, Inc., Class A (A)	1,750		171,885
Foot Locker, Inc.	1,544		61,281
Franchise Group, Inc. (B)	619		16,868
GameStop Corp., Class A (A)(B)	5,020		115,560
Genesco, Inc. (A)	197		7,265
Group 1 Automotive, Inc.	235		53,209
GrowGeneration Corp. (A)	1,030		3,523
Guess?, Inc.	938		18,253
Haverty Furniture Companies, Inc.	273		8,711
Hibbett, Inc.	222		13,094
Jjill, Inc. (A)	62		1,614
JOANN, Inc.	421		669
Kirkland's, Inc. (A)	147		419
Lands' End, Inc. (A)	492		4,782
Lazydays Holdings, Inc. (A)	42		490
Leslie's, Inc. (A)	3,057		33,658
Lithia Motors, Inc.	454		103,934
LL Flooring Holdings, Inc. (A)	631		2,398
Lowe's Companies, Inc.	9,829		1,965,505
MarineMax, Inc. (A)	219		6,296
Monro, Inc.	568		28,076
Murphy USA, Inc.	370		95,479
National Vision Holdings, Inc. (A)	1,319		24,850
OneWater Marine, Inc., Class A (A)	187		5,230
O'Reilly Automotive, Inc. (A)	1,037		880,392
Overstock.com, Inc. (A)	765		15,507
Penske Automotive Group, Inc.	1,174		166,485
Petco Health & Wellness Company, Inc. (A)	3,669		33,021
PetMed Express, Inc.	391		6,350
Rent the Runway, Inc., Class A (A)	942		2,685
Revolve Group, Inc. (A)	697		18,331
RH (A)	379		92,305
Ross Stores, Inc.	5,698		604,729
RumbleON, Inc., Class B (A)	228		1,382
Sally Beauty Holdings, Inc. (A)	1,774		27,639
Shoe Carnival, Inc.	500		12,825
Signet Jewelers, Ltd.	768		59,735
Sleep Number Corp. (A)	378		11,495
Sonic Automotive, Inc., Class A	415		22,551
Sportsman's Warehouse Holdings, Inc. (A)	611		5,181
Stitch Fix, Inc., Class A (A)	1,692		8,646
The Aaron's Company, Inc.	635		6,134
The Buckle, Inc.	804		28,695
The Cato Corp., Class A	469		4,146
The Children's Place, Inc. (A)	154		6,199
The Container Store Group, Inc. (A)	529		1,814
The Gap, Inc.	6,031		60,551
The Home Depot, Inc.	16,566		4,888,958
The ODP Corp. (A)	815		36,659
The RealReal, Inc. (A)	2,001		2,521
The TJX Companies, Inc.	19,031		1,491,269

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
ThredUp, Inc., Class A (A)	1,553	$	3,929
Tilly's, Inc., Class A (A)	296		2,282
Torrid Holdings, Inc. (A)	1,663		7,251
Tractor Supply Company	1,821		428,008
TravelCenters of America, Inc. (A)	206		17,819
Ulta Beauty, Inc. (A)	840		458,363
Upbound Group, Inc.	1,004		24,608
Urban Outfitters, Inc. (A)	1,562		43,299
Victoria's Secret & Company (A)	1,346		45,966
Warby Parker, Inc., Class A (A)	1,619		17,145
Wayfair, Inc., Class A (A)	1,337		45,913
Williams-Sonoma, Inc.	1,091		132,731
Winmark Corp.	60		19,226
Zumiez, Inc. (A)	371		6,841
			15,107,466
Textiles, apparel and luxury goods – 0.7%
Allbirds, Inc., Class A (A)	1,736		2,083
Carter's, Inc.	593		42,649
Columbia Sportswear Company	928		83,743
Crocs, Inc. (A)	1,018		128,716
Culp, Inc.	350		1,820
Deckers Outdoor Corp. (A)	437		196,453
Fossil Group, Inc. (A)	1,102		3,526
G-III Apparel Group, Ltd. (A)	474		7,371
Hanesbrands, Inc.	5,901		31,039
Kontoor Brands, Inc.	939		45,438
Levi Strauss & Company, Class A	1,731		31,556
Lululemon Athletica, Inc. (A)	1,989		724,374
Movado Group, Inc.	291		8,372
NIKE, Inc., Class B	20,247		2,483,092
Oxford Industries, Inc.	276		29,143
PLBY Group, Inc. (A)	607		1,202
PVH Corp.	1,092		97,363
Ralph Lauren Corp.	719		83,886
Rocky Brands, Inc.	87		2,007
Skechers USA, Inc., Class A (A)	2,249		106,872
Steven Madden, Ltd.	1,359		48,924
Superior Group of Companies, Inc.	407		3,203
Tapestry, Inc.	3,988		171,923
Under Armour, Inc., Class A (A)	6,449		61,201
Unifi, Inc. (A)	438		3,578
Vera Bradley, Inc. (A)	673		4,031
VF Corp.	6,437		147,472
Wolverine World Wide, Inc.	1,104		18,823
			4,569,860
			75,129,938
Consumer staples – 7.0%
Beverages – 1.7%
Brown-Forman Corp., Class B	5,110		328,420
Celsius Holdings, Inc. (A)	1,253		116,454
Coca-Cola Consolidated, Inc.	139		74,376
Constellation Brands, Inc., Class A	3,021		682,414
Keurig Dr. Pepper, Inc.	23,273		821,071
MGP Ingredients, Inc.	345		33,368
Molson Coors Beverage Company, Class B	3,315		171,319
Monster Beverage Corp. (A)	17,292		933,941
National Beverage Corp. (A)	1,557		82,085
PepsiCo, Inc.	22,603		4,120,527
Primo Water Corp.	134		2,057
The Boston Beer Company, Inc., Class A (A)	170		55,879
The Coca-Cola Company	70,845		4,394,515
The Duckhorn Portfolio, Inc. (A)	1,652		26,267

 

283

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Beverages (continued)
The Vita Coco Company, Inc. (A)	814	$	15,971
Vintage Wine Estates, Inc. (A)	774		828
Zevia PBC, Class A (A)	777		2,991
			11,862,483
Consumer staples distribution and retail – 2.2%
Albertsons Companies, Inc., Class A	8,427		175,113
BJ's Wholesale Club Holdings, Inc. (A)	2,212		168,267
Casey's General Stores, Inc.	592		128,144
Costco Wholesale Corp.	7,257		3,605,786
Dollar General Corp.	3,693		777,229
Dollar Tree, Inc. (A)	3,670		526,829
Grocery Outlet Holding Corp. (A)	1,615		45,640
HF Foods Group, Inc. (A)	1,021		4,002
Ingles Markets, Inc., Class A	254		22,530
Natural Grocers by Vitamin Cottage, Inc.	475		5,581
Performance Food Group Company (A)	2,568		154,953
PriceSmart, Inc.	525		37,527
Rite Aid Corp. (A)	1,145		2,565
SpartanNash Company	638		15,822
Sprouts Farmers Market, Inc. (A)	1,798		62,984
Sysco Corp.	8,302		641,163
Target Corp.	7,540		1,248,850
The Andersons, Inc.	652		26,941
The Chefs' Warehouse, Inc. (A)	665		22,643
The Fresh Market, Inc. (A)(C)	153		0
The Kroger Company	11,736		579,406
U.S. Foods Holding Corp. (A)	3,726		137,638
United Natural Foods, Inc. (A)	984		25,928
Village Super Market, Inc., Class A	305		6,978
Walgreens Boots Alliance, Inc.	14,176		490,206
Walmart, Inc.	43,833		6,463,176
Weis Markets, Inc.	464		39,287
			15,415,188
Food products – 1.2%
Alico, Inc.	182		4,404
Archer-Daniels-Midland Company	9,196		732,553
B&G Foods, Inc.	1,224		19,009
Benson Hill, Inc. (A)	3,178		3,655
Beyond Meat, Inc. (A)	1,108		17,983
BRC, Inc., Class A (A)	641		3,295
Bunge, Ltd.	2,429		232,018
Calavo Growers, Inc.	340		9,782
Cal-Maine Foods, Inc.	745		45,363
Campbell Soup Company	4,940		271,601
Conagra Brands, Inc.	7,905		296,912
Darling Ingredients, Inc. (A)	2,642		154,293
Farmer Brothers Company (A)	62		239
Flowers Foods, Inc.	3,522		96,538
Fresh Del Monte Produce, Inc.	851		25,624
Freshpet, Inc. (A)	763		50,503
General Mills, Inc.	9,785		836,226
Hormel Foods Corp.	8,869		353,696
Hostess Brands, Inc. (A)	2,320		57,722
Ingredion, Inc.	1,102		112,106
J&J Snack Foods Corp.	325		48,172
John B Sanfilippo & Son, Inc.	166		16,089
Kellogg Company	5,530		370,289
Lamb Weston Holdings, Inc.	2,363		246,981
Lancaster Colony Corp.	432		87,644
Lifecore Biomedical, Inc. (A)	729		2,752
Lifeway Foods, Inc. (A)	47		284
Limoneira Company	387		6,447
Local Bounti Corp. (A)	1,583		1,262
McCormick & Company, Inc.	4,116		342,492
Mission Produce, Inc. (A)	855		9,499

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Mondelez International, Inc., Class A	22,473	$	1,566,818
Pilgrim's Pride Corp. (A)	3,970		92,025
Post Holdings, Inc. (A)	974		87,533
Seaboard Corp.	15		56,550
Seneca Foods Corp., Class A (A)	139		7,266
Sovos Brands, Inc. (A)	1,396		23,285
Tattooed Chef, Inc. (A)(B)	1,232		1,749
The Hain Celestial Group, Inc. (A)	1,558		26,720
The Hershey Company	2,409		612,874
The J.M. Smucker Company	1,622		255,254
The Kraft Heinz Company	20,103		777,383
The Simply Good Foods Company (A)	1,663		66,138
Tootsie Roll Industries, Inc.	734		32,981
TreeHouse Foods, Inc. (A)	936		47,202
Tyson Foods, Inc., Class A	4,752		281,889
Vital Farms, Inc. (A)	532		8,140
			8,399,240
Household products – 1.2%
Central Garden & Pet Company, Class A (A)	921		35,983
Church & Dwight Company, Inc.	3,994		353,110
Colgate-Palmolive Company	13,727		1,031,584
Energizer Holdings, Inc.	1,190		41,293
Kimberly-Clark Corp.	5,513		739,955
Oil-Dri Corp. of America	119		4,952
Reynolds Consumer Products, Inc.	3,053		83,958
Spectrum Brands Holdings, Inc.	679		44,963
The Clorox Company	2,018		319,328
The Procter & Gamble Company	38,345		5,701,518
WD-40 Company	231		41,130
			8,397,774
Personal care products – 0.2%
BellRing Brands, Inc. (A)	2,087		70,958
Coty, Inc., Class A (A)	13,695		165,162
e.l.f. Beauty, Inc. (A)	873		71,892
Edgewell Personal Care Company	876		37,160
Herbalife Nutrition, Ltd. (A)	1,813		29,189
Inter Parfums, Inc.	539		76,667
Medifast, Inc.	188		19,490
Nature's Sunshine Products, Inc. (A)	585		5,973
Nu Skin Enterprises, Inc., Class A	854		33,571
Olaplex Holdings, Inc. (A)	10,758		45,937
The Beauty Health Company (A)	2,356		29,756
The Estee Lauder Companies, Inc., Class A	3,795		935,316
The Honest Company, Inc. (A)	1,180		2,124
Thorne HealthTech, Inc. (A)	552		2,550
Upexi, Inc. (A)	65		263
USANA Health Sciences, Inc. (A)	350		22,015
Veru, Inc. (A)(B)	1,270		1,473
			1,549,496
Tobacco – 0.5%
Altria Group, Inc.	29,499		1,316,245
Philip Morris International, Inc.	25,393		2,469,469
Turning Point Brands, Inc.	333		6,993
Universal Corp.	426		22,531
Vector Group, Ltd.	2,598		31,202
			3,846,440
			49,470,621
Energy – 4.4%
Energy equipment and services – 0.4%
Archrock, Inc.	2,767		27,034
Baker Hughes Company	16,646		480,404

 

284

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Bristow Group, Inc. (A)	346	$	7,750
Cactus, Inc., Class A	1,047		43,168
ChampionX Corp.	3,261		88,471
DMC Global, Inc. (A)	314		6,899
Dril-Quip, Inc. (A)	654		18,763
Forum Energy Technologies, Inc. (A)	38		966
Halliburton Company	14,878		470,740
Helix Energy Solutions Group, Inc. (A)	2,742		21,223
Helmerich & Payne, Inc.	1,763		63,027
KLX Energy Services Holdings, Inc. (A)	158		1,841
Liberty Energy, Inc.	2,877		36,854
Mammoth Energy Services, Inc. (A)	729		3,076
Nabors Industries, Ltd. (A)	160		19,506
National Energy Services Reunited Corp. (A)	1,511		7,948
Newpark Resources, Inc. (A)	1,689		6,503
NexTier Oilfield Solutions, Inc. (A)	4,140		32,913
Nine Energy Service, Inc. (A)	508		2,824
NOV, Inc.	6,541		121,074
Oceaneering International, Inc. (A)	1,715		30,235
Oil States International, Inc. (A)	1,266		10,546
Patterson-UTI Energy, Inc.	3,673		42,974
ProFrac Holding Corp., Class A (A)	937		11,872
ProPetro Holding Corp. (A)	1,461		10,505
Ranger Energy Services, Inc. (A)	169		1,722
RPC, Inc.	3,715		28,568
Schlumberger, Ltd.	23,181		1,138,187
SEACOR Marine Holdings, Inc. (A)	332		2,527
Select Energy Services, Inc., Class A	1,836		12,779
Smart Sand, Inc. (A)	446		785
Solaris Oilfield Infrastructure, Inc., Class A	160		1,366
TETRA Technologies, Inc. (A)	1,684		4,463
Tidewater, Inc. (A)	804		35,440
USA Compression Partners LP	1,716		36,259
Weatherford International PLC (A)	1,152		68,371
			2,897,583
Oil, gas and consumable fuels – 4.0%
Aemetis, Inc. (A)	638		1,480
Alliance Resource Partners LP	2,168		43,729
Alto Ingredients, Inc. (A)	1,053		1,580
Amplify Energy Corp. (A)	487		3,346
Antero Midstream Corp.	7,998		83,899
Antero Resources Corp. (A)	5,049		116,581
APA Corp.	5,374		193,786
Arch Resources, Inc.	283		37,203
Battalion Oil Corp. (A)	62		407
BP PLC, ADR	138		5,236
BP Prudhoe Bay Royalty Trust	205		1,566
California Resources Corp.	1,147		44,160
Callon Petroleum Company (A)	964		32,236
Calumet Specialty Products Partners LP (A)	1,367		23,758
Centrus Energy Corp., Class A (A)	203		6,537
Cheniere Energy, Inc.	4,104		646,790
Chesapeake Energy Corp.	1,996		151,776
Chevron Corp.	30,990		5,056,328
Chord Energy Corp.	623		83,856
Civitas Resources, Inc.	1,313		89,730
Clean Energy Fuels Corp. (A)	3,925		17,113
CNX Resources Corp. (A)	3,211		51,440
Comstock Resources, Inc.	3,787		40,862
ConocoPhillips	19,810		1,965,350
CONSOL Energy, Inc.	583		33,971
Coterra Energy, Inc.	13,132		322,259

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Crescent Energy Company, Class A	711	$	8,041
Crestwood Equity Partners LP	1,779		44,350
CrossAmerica Partners LP	693		14,893
CVR Energy, Inc.	1,544		50,612
Delek Logistics Partners LP	628		29,780
Delek US Holdings, Inc.	1,194		27,402
Denbury, Inc. (A)	828		72,558
Devon Energy Corp.	10,750		544,058
Diamondback Energy, Inc.	2,934		396,589
Dorchester Minerals LP	781		23,656
Dorian LPG, Ltd.	704		14,038
DT Midstream, Inc.	1,641		81,016
Enviva, Inc.	1,026		29,631
EOG Resources, Inc.	9,629		1,103,772
EQT Corp.	6,097		194,555
Equitrans Midstream Corp.	7,277		42,061
Evolution Petroleum Corp.	128		808
Excelerate Energy, Inc., Class A	304		6,731
Exxon Mobil Corp.	66,937		7,340,311
Genesis Energy LP	2,139		24,085
Gevo, Inc. (A)	3,981		6,131
Global Partners LP	584		18,116
Green Plains Partners LP	478		6,071
Green Plains, Inc. (A)	881		27,302
Gulfport Energy Corp. (A)	298		23,840
Hallador Energy Company (A)	431		3,961
Harvest Natural Resources, Inc. (A)(C)	270		0
Hess Corp.	5,092		673,875
Hess Midstream LP, Class A	701		20,287
HF Sinclair Corp.	3,438		166,330
HighPeak Energy, Inc.	1,811		41,653
Holly Energy Partners LP	1,975		34,306
International Seaways, Inc.	693		28,884
Kimbell Royalty Partners LP	1,094		16,662
Kinder Morgan, Inc.	37,009		648,028
Kosmos Energy, Ltd. (A)	7,208		53,628
Magnolia Oil & Gas Corp., Class A	3,178		69,535
Marathon Oil Corp.	11,168		267,585
Marathon Petroleum Corp.	7,242		976,439
Martin Midstream Partners LP	46		126
Matador Resources Company	1,968		93,775
Murphy Oil Corp.	2,467		91,230
NACCO Industries, Inc., Class A	132		4,761
Natural Resource Partners LP	227		11,849
New Fortress Energy, Inc.	3,437		101,151
Next Bridge Hydrocarbons, Inc. (A)(C)	2,456		7,110
NextDecade Corp. (A)	1,986		9,870
Northern Oil and Gas, Inc.	1,194		36,238
NuStar Energy LP	1,925		30,107
Occidental Petroleum Corp.	15,284		954,180
ONEOK, Inc.	7,354		467,273
OPAL Fuels, Inc., Class A (A)	311		2,168
Overseas Shipholding Group, Inc., Class A (A)	496		1,934
Ovintiv, Inc.	4,198		151,464
PBF Energy, Inc., Class A	2,233		96,823
PDC Energy, Inc.	1,622		104,100
Peabody Energy Corp. (A)	2,328		59,597
Permian Resources Corp.	4,698		49,329
Phillips 66	7,890		799,888
Pioneer Natural Resources Company	3,927		802,050
Plains GP Holdings LP, Class A (A)	3,304		43,348
Range Resources Corp.	4,357		115,330
Ranger Oil Corp., Class A	286		11,680
REX American Resources Corp. (A)	379		10,836

 

285

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Riley Exploration Permian, Inc.	305	$	11,608
SandRidge Energy, Inc. (A)	486		7,003
SFL Corp., Ltd.	2,278		21,641
SilverBow Resources, Inc. (A)	313		7,152
Sitio Royalties Corp., Class A	1,163		26,284
SM Energy Company	2,008		56,545
Southwestern Energy Company (A)	17,779		88,895
Stabilis Solutions, Inc. (A)	106		391
Summit Midstream Partners LP (A)	18		276
Talos Energy, Inc. (A)	1,236		18,342
Targa Resources Corp.	3,728		271,958
Teekay Corp. (A)	2,030		12,545
Tellurian, Inc. (A)	9,089		11,179
Texas Pacific Land Corp.	127		216,030
The Williams Companies, Inc.	20,010		597,499
Uranium Energy Corp. (A)	5,202		14,982
VAALCO Energy, Inc.	1,457		6,600
Valero Energy Corp.	6,033		842,207
Vertex Energy, Inc. (A)	1,206		11,915
Viper Energy Partners LP	1,356		37,968
Vital Energy, Inc. (A)	259		11,795
Vitesse Energy, Inc.	455		8,659
W&T Offshore, Inc. (A)	2,049		10,409
World Fuel Services Corp.	1,088		27,798
			28,562,457
			31,460,040
Financials – 13.3%
Banks – 3.3%
1st Source Corp.	500		21,575
Amerant Bancorp, Inc.	649		14,122
American National Bankshares, Inc.	218		6,911
Ameris Bancorp	1,207		44,152
Ames National Corp.	260		5,408
Arrow Financial Corp.	398		9,914
Associated Banc-Corp.	2,550		45,849
Atlantic Union Bankshares Corp.	1,383		48,474
Axos Financial, Inc. (A)	1,046		38,618
Banc of California, Inc.	1,160		14,535
BancFirst Corp.	496		41,218
Bank of America Corp.	131,651		3,765,219
Bank of Hawaii Corp.	678		35,310
Bank of Marin Bancorp	328		7,180
Bank OZK	1,946		66,553
BankFinancial Corp.	481		4,209
BankUnited, Inc.	1,357		30,641
Bankwell Financial Group, Inc.	211		5,245
Banner Corp.	610		33,166
Bar Harbor Bankshares	409		10,818
BayCom Corp.	336		5,739
BCB Bancorp, Inc.	437		5,738
Berkshire Hills Bancorp, Inc.	847		21,226
BOK Financial Corp.	1,118		94,370
Bridgewater Bancshares, Inc. (A)	655		7,100
Brookline Bancorp, Inc.	2,130		22,365
Business First Bancshares, Inc.	293		5,019
Byline Bancorp, Inc.	787		17,015
Cadence Bank	3,163		65,664
Cambridge Bancorp	93		6,027
Camden National Corp.	332		12,015
Capital City Bank Group, Inc.	400		11,724
Capitol Federal Financial, Inc.	1,954		13,150
Capstar Financial Holdings, Inc.	374		5,666
Cathay General Bancorp	768		26,511
Central Pacific Financial Corp.	579		10,364
Central Valley Community Bancorp	295		6,071

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Chemung Financial Corp.	36	$	1,494
Citigroup, Inc.	31,798		1,491,008
Citizens & Northern Corp.	324		6,927
Citizens Financial Group, Inc.	8,158		247,758
City Holding Company	280		25,446
Civista Bancshares, Inc.	342		5,773
CNB Financial Corp.	426		8,179
Codorus Valley Bancorp, Inc.	267		5,540
Columbia Banking System, Inc.	3,639		77,947
Columbia Financial, Inc. (A)	1,909		34,897
Comerica, Inc.	2,162		93,874
Commerce Bancshares, Inc.	1,812		105,730
Community Bank System, Inc.	769		40,365
Community Trust Bancorp, Inc.	310		11,765
ConnectOne Bancorp, Inc.	882		15,594
Cullen/Frost Bankers, Inc.	1,066		112,292
Customers Bancorp, Inc. (A)	374		6,926
CVB Financial Corp.	1,133		18,898
Dime Community Bancshares, Inc.	776		17,631
Eagle Bancorp, Inc.	547		18,308
East West Bancorp, Inc.	2,254		125,097
Eastern Bankshares, Inc.	1,922		24,256
Enterprise Bancorp, Inc.	293		9,218
Enterprise Financial Services Corp.	742		33,086
Equity Bancshares, Inc., Class A	331		8,066
Esquire Financial Holdings, Inc.	215		8,407
Farmers & Merchants Bancorp, Inc.	101		2,456
FB Financial Corp.	908		28,221
Fidelity D&D Bancorp, Inc.	73		3,333
Fifth Third Bancorp	11,323		301,645
Financial Institutions, Inc.	396		7,635
First Bancorp (North Carolina)	684		24,296
First Bancorp (Puerto Rico)	3,172		36,224
First Busey Corp.	1,120		22,781
First Citizens BancShares, Inc., Class A	221		215,055
First Commonwealth Financial Corp.	1,842		22,896
First Community Bankshares, Inc.	247		6,187
First Financial Bancorp	1,737		37,814
First Financial Bankshares, Inc.	2,377		75,826
First Financial Corp.	283		10,607
First Financial Northwest, Inc.	274		3,499
First Hawaiian, Inc.	2,278		46,995
First Horizon Corp.	8,848		157,317
First Internet Bancorp	220		3,663
First Interstate BancSystem, Inc., Class A	1,855		55,390
First Merchants Corp.	955		31,467
First Republic Bank	2,911		40,725
Flushing Financial Corp.	465		6,924
FNB Corp.	5,943		68,939
Fulton Financial Corp.	2,254		31,150
FVCBankcorp, Inc. (A)	533		5,676
German American Bancorp, Inc.	635		21,190
Glacier Bancorp, Inc.	1,905		80,029
Great Southern Bancorp, Inc.	260		13,177
Guaranty Bancshares, Inc.	278		7,748
Hancock Whitney Corp.	1,414		51,470
Hanmi Financial Corp.	645		11,978
HarborOne Bancorp, Inc.	1,175		14,335
Heartland Financial USA, Inc.	771		29,576
Heritage Commerce Corp.	1,034		8,613
Heritage Financial Corp.	708		15,151
Hilltop Holdings, Inc.	1,026		30,441
Home Bancorp, Inc.	185		6,111
Home BancShares, Inc.	3,102		67,344

 

286

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
HomeStreet, Inc.	395	$	7,106
Hope Bancorp, Inc.	2,344		23,018
Horizon Bancorp, Inc.	928		10,264
Huntington Bancshares, Inc.	23,877		267,422
Independent Bank Corp. (Massachusetts)	711		46,656
Independent Bank Corp. (Michigan)	491		8,725
Independent Bank Group, Inc.	753		34,902
International Bancshares Corp.	802		34,342
Investar Holding Corp.	319		4,453
JPMorgan Chase & Co.	48,034		6,259,311
Kearny Financial Corp.	1,435		11,652
KeyCorp	14,999		187,787
Lakeland Bancorp, Inc.	1,308		20,457
Lakeland Financial Corp.	456		28,564
Live Oak Bancshares, Inc.	804		19,593
Luther Burbank Corp.	1,133		10,741
M&T Bank Corp.	2,844		340,057
Macatawa Bank Corp.	926		9,464
Mercantile Bank Corp.	362		11,070
Metropolitan Bank Holding Corp. (A)	184		6,236
Midland States Bancorp, Inc.	539		11,545
MidWestOne Financial Group, Inc.	336		8,205
MVB Financial Corp.	285		5,882
National Bank Holdings Corp., Class A	697		23,322
National Bankshares, Inc.	168		5,285
NBT Bancorp, Inc.	501		16,889
New York Community Bancorp, Inc.	8,838		79,896
Nicolet Bankshares, Inc. (A)	67		4,224
Northfield Bancorp, Inc.	1,000		11,780
Northrim BanCorp, Inc.	150		7,077
Northwest Bancshares, Inc.	2,105		25,323
Norwood Financial Corp.	211		6,208
NU Holdings, Ltd., Class A (A)	56,681		269,802
OceanFirst Financial Corp.	1,155		21,344
OFG Bancorp	931		23,219
Old National Bancorp	4,312		62,179
Old Second Bancorp, Inc.	816		11,473
Origin Bancorp, Inc.	516		16,589
Pacific Premier Bancorp, Inc.	1,278		30,698
PacWest Bancorp (B)	2,065		20,092
Park National Corp.	210		24,900
Pathward Financial, Inc.	521		21,616
Peapack-Gladstone Financial Corp.	397		11,759
Penns Woods Bancorp, Inc.	105		2,426
Peoples Bancorp of North Carolina, Inc.	98		3,113
Peoples Bancorp, Inc.	711		18,308
Pinnacle Financial Partners, Inc.	1,285		70,881
Ponce Financial Group, Inc. (A)	702		5,511
Popular, Inc.	829		47,593
Preferred Bank	294		16,114
Premier Financial Corp.	804		16,667
Primis Financial Corp.	655		6,308
Princeton Bancorp, Inc.	226		7,169
Prosperity Bancshares, Inc.	1,071		65,888
Provident Bancorp, Inc.	54		369
Provident Financial Services, Inc.	1,019		19,544
QCR Holdings, Inc.	349		15,325
RBB Bancorp	407		6,309
Red River Bancshares, Inc.	155		7,457
Regions Financial Corp.	15,429		286,362
Renasant Corp.	1,005		30,733
Republic Bancorp, Inc., Class A	350		14,851
Republic First Bancorp, Inc. (A)	1,584		2,154
Riverview Bancorp, Inc.	455		2,430
S&T Bancorp, Inc.	768		24,154

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Sandy Spring Bancorp, Inc.	750	$	19,485
Seacoast Banking Corp. of Florida	1,097		25,999
ServisFirst Bancshares, Inc.	848		46,326
Shore Bancshares, Inc.	488		6,969
Sierra Bancorp	373		6,423
Silvergate Capital Corp., Class A (A)	497		805
Simmons First National Corp., Class A	2,304		40,297
South Plains Financial, Inc.	415		8,885
Southern First Bancshares, Inc. (A)	207		6,355
Southern Missouri Bancorp, Inc.	206		7,706
Southside Bancshares, Inc.	667		22,144
SouthState Corp.	1,302		92,781
Stellar Bancorp, Inc.	998		24,561
Sterling Bancorp, Inc. (A)	1,248		7,064
Stock Yards Bancorp, Inc.	419		23,104
Summit Financial Group, Inc.	329		6,827
Synovus Financial Corp.	2,472		76,212
Territorial Bancorp, Inc.	238		4,596
Texas Capital Bancshares, Inc. (A)	863		42,252
The Bancorp, Inc. (A)	1,009		28,101
The First Bancorp, Inc.	302		7,819
The First of Long Island Corp.	570		7,695
The PNC Financial Services Group, Inc.	6,719		853,985
Timberland Bancorp, Inc.	79		2,135
Tompkins Financial Corp.	290		19,201
Towne Bank	1,355		36,111
TriCo Bancshares	622		25,869
Triumph Financial, Inc. (A)	443		25,721
Truist Financial Corp.	21,803		743,482
Trustmark Corp.	1,112		27,466
U.S. Bancorp	24,386		879,115
UMB Financial Corp.	475		27,417
United Bankshares, Inc.	2,146		75,539
United Community Banks, Inc.	1,695		47,663
Unity Bancorp, Inc.	266		6,067
Univest Financial Corp.	651		15,455
Valley National Bancorp	7,874		72,756
Veritex Holdings, Inc.	1,027		18,753
Washington Federal, Inc.	1,028		30,963
Washington Trust Bancorp, Inc.	335		11,611
Webster Financial Corp.	2,933		115,619
Wells Fargo & Company	62,113		2,321,784
WesBanco, Inc.	1,118		34,323
West BanCorp, Inc.	410		7,491
Western Alliance Bancorp	1,809		64,292
Western New England Bancorp, Inc.	652		5,353
Wintrust Financial Corp.	1,028		74,993
WSFS Financial Corp.	1,111		41,785
Zions Bancorp NA	2,266		67,821
			23,639,216
Capital markets – 3.1%
Affiliated Managers Group, Inc.	637		90,722
Ameriprise Financial, Inc.	1,780		545,570
Ares Management Corp., Class A	2,839		236,886
Artisan Partners Asset Management, Inc., Class A	1,162		37,161
AssetMark Financial Holdings, Inc. (A)	1,278		40,193
Associated Capital Group, Inc., Class A	130		4,804
Avantax, Inc. (A)	860		22,635
Bain Capital Specialty Finance, Inc.	1,190		14,185
Barings BDC, Inc.	1,926		15,292
BGC Partners, Inc., Class A	5,719		29,910
BlackRock Capital Investment Corp.	2,031		7,007
BlackRock TCP Capital Corp.	1,134		11,680
BlackRock, Inc.	2,484		1,662,094

 

287

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Blue Owl Capital, Inc.	6,668	$	73,881
Bridge Investment Group Holdings, Inc., Class A	617		6,991
Brightsphere Investment Group, Inc.	415		9,786
Capital Southwest Corp.	445		7,912
Carlyle Secured Lending, Inc.	1,003		13,661
Cboe Global Markets, Inc.	1,755		235,591
CION Investment Corp.	308		3,040
CME Group, Inc.	5,903		1,130,543
Cohen & Steers, Inc.	825		52,767
Coinbase Global, Inc., Class A (A)(B)	2,915		196,967
Diamond Hill Investment Group, Inc.	65		10,698
Donnelley Financial Solutions, Inc. (A)	521		21,288
Ellington Financial, Inc.	880		10,745
Evercore, Inc., Class A	654		75,459
FactSet Research Systems, Inc.	621		257,771
Federated Hermes, Inc.	1,508		60,531
Fidus Investment Corp.	537		10,241
Focus Financial Partners, Inc., Class A (A)	1,139		59,080
Forge Global Holdings, Inc. (A)	2,536		4,438
Franklin Resources, Inc.	8,252		222,309
GAMCO Investors, Inc., Class A	122		2,312
GCM Grosvenor, Inc., Class A	217		1,695
Gladstone Capital Corp.	801		7,529
Gladstone Investment Corp.	740		9,805
Goldman Sachs BDC, Inc.	967		13,200
Golub Capital BDC, Inc.	1,790		24,272
Greenhill & Company, Inc.	96		852
Hamilton Lane, Inc., Class A	644		47,643
Hercules Capital, Inc. (B)	2,213		28,526
Houlihan Lokey, Inc.	835		73,054
Interactive Brokers Group, Inc., Class A	1,612		133,087
Intercontinental Exchange, Inc.	9,171		956,444
Invesco, Ltd.	7,563		124,033
Jefferies Financial Group, Inc.	3,867		122,739
KKR & Company, Inc.	14,170		744,208
Lazard, Ltd., Class A	1,871		61,949
LPL Financial Holdings, Inc.	1,313		265,751
Main Street Capital Corp. (B)	1,267		49,996
MarketAxess Holdings, Inc.	626		244,948
MidCap Financial Investment Corp.	1,232		14,045
Moelis & Company, Class A	1,086		41,746
Monroe Capital Corp.	561		4,292
Moody's Corp.	3,007		920,202
Morgan Stanley	27,471		2,411,954
Morningstar, Inc.	703		142,730
MSCI, Inc.	1,319		738,231
Nasdaq, Inc.	8,080		441,734
New Mountain Finance Corp.	1,898		23,099
Newtek Business Services Corp.	477		6,106
Northern Trust Corp.	3,158		278,315
Oaktree Specialty Lending Company	839		15,748
Open Lending Corp., Class A (A)	2,053		14,453
Oppenheimer Holdings, Inc., Class A	169		6,616
Oxford Square Capital Corp.	1,411		4,459
P10, Inc., Class A	510		5,156
P10, Inc., Class B	665		6,723
PennantPark Floating Rate Capital, Ltd.	874		9,273
PennantPark Investment Corp.	1,644		8,680
Perella Weinberg Partners	815		7,417
Piper Sandler Companies	301		41,722
Portman Ridge Finance Corp.	262		5,400
Prospect Capital Corp. (B)	7,037		48,978
Raymond James Financial, Inc.	3,553		331,388

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Robinhood Markets, Inc., Class A (A)	12,450	$	120,890
Runway Growth Finance Corp.	171		2,074
S&P Global, Inc.	5,234		1,804,526
Sculptor Capital Management, Inc.	537		4,624
SEI Investments Company	2,276		130,984
Sixth Street Specialty Lending, Inc.	1,483		27,139
SLR Investment Corp.	1,128		16,965
State Street Corp.	6,048		457,773
Stellus Capital Investment Corp.	468		6,594
StepStone Group, Inc., Class A	1,110		26,940
Stifel Financial Corp.	1,776		104,944
StoneX Group, Inc. (A)	351		36,339
T. Rowe Price Group, Inc.	3,751		423,488
The Bank of New York Mellon Corp.	13,276		603,261
The Blackstone Group, Inc.	11,514		1,011,390
The Carlyle Group, Inc.	5,983		185,832
The Charles Schwab Corp.	29,805		1,561,186
The Goldman Sachs Group, Inc.	5,452		1,783,404
TPG, Inc.	1,243		36,457
Tradeweb Markets, Inc., Class A	1,792		141,604
Trinity Capital, Inc.	98		1,248
TriplePoint Venture Growth BDC Corp.	568		6,861
Victory Capital Holdings, Inc., Class A	1,233		36,090
Virtu Financial, Inc., Class A	1,768		33,415
Virtus Investment Partners, Inc.	128		24,370
WhiteHorse Finance, Inc.	557		6,974
WisdomTree, Inc.	2,831		16,590
			22,234,310
Consumer finance – 0.6%
Ally Financial, Inc.	5,108		130,203
American Express Company	12,295		2,028,060
Atlanticus Holdings Corp. (A)	234		6,348
Bread Financial Holdings, Inc.	803		24,347
Capital One Financial Corp.	6,305		606,289
Consumer Portfolio Services, Inc. (A)	225		2,405
Credit Acceptance Corp. (A)	215		93,749
Curo Group Holdings Corp.	544		941
Discover Financial Services	4,490		443,792
Encore Capital Group, Inc. (A)	412		20,785
Enova International, Inc. (A)	563		25,014
EZCORP, Inc., Class A (A)	1,126		9,684
FirstCash Holdings, Inc.	788		75,152
Green Dot Corp., Class A (A)	978		16,802
LendingTree, Inc. (A)	258		6,878
Medallion Financial Corp.	113		867
Navient Corp.	2,396		38,312
Nelnet, Inc., Class A	367		33,724
NerdWallet, Inc., Class A (A)	636		10,290
OneMain Holdings, Inc.	2,087		77,386
Oportun Financial Corp. (A)	464		1,791
PRA Group, Inc. (A)	701		27,311
PROG Holdings, Inc. (A)	872		20,745
Regional Management Corp.	205		5,348
SLM Corp.	4,213		52,199
SoFi Technologies, Inc. (A)	14,760		89,593
Sunlight Financial Holdings, Inc. (A)	1,462		457
Synchrony Financial	7,930		230,604
Upstart Holdings, Inc. (A)(B)	1,379		21,912
World Acceptance Corp. (A)	124		10,328
			4,111,316
Financial services – 4.2%
Acacia Research Corp. (A)	1,092		4,215
Affirm Holdings, Inc. (A)	3,833		43,198
Apollo Global Management, Inc.	9,299		587,325
AvidXchange Holdings, Inc. (A)	3,067		23,923

 

288

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Berkshire Hathaway, Inc., Class A (A)(B)	10	$	4,656,000
Berkshire Hathaway, Inc., Class B (A)	21,162		6,534,191
Block, Inc. (A)	8,691		596,637
BM Technologies, Inc. (A)	308		1,084
Cannae Holdings, Inc. (A)	1,126		22,723
Cass Information Systems, Inc.	256		11,087
Enact Holdings, Inc.	2,321		53,058
Equitable Holdings, Inc.	6,289		159,678
Euronet Worldwide, Inc. (A)	849		95,003
Federal Agricultural Mortgage Corp., Class C	173		23,042
Federal National Mortgage Association (A)	20,974		8,599
Fidelity National Information Services, Inc.	9,975		541,942
Fiserv, Inc. (A)	10,490		1,185,685
FleetCor Technologies, Inc. (A)	1,229		259,135
Flywire Corp. (A)	1,698		49,853
Global Payments, Inc.	4,631		487,366
Guild Holdings Company, Class A (A)	162		1,685
i3 Verticals, Inc., Class A (A)	424		10,401
International Money Express, Inc. (A)	496		12,787
Jack Henry & Associates, Inc.	1,194		179,960
Jackson Financial, Inc., Class A	1,308		48,932
Marqeta, Inc., Class A (A)	7,428		33,946
Mastercard, Inc., Class A	15,371		5,585,975
Merchants Bancorp	829		21,587
MGIC Investment Corp.	5,336		71,609
MoneyGram International, Inc. (A)	1,519		15,828
NMI Holdings, Inc., Class A (A)	1,463		32,669
Ocwen Financial Corp. (A)	165		4,475
Paymentus Holdings, Inc., Class A (A)	578		5,121
Payoneer Global, Inc. (A)	5,500		34,540
PayPal Holdings, Inc. (A)	18,957		1,439,595
Paysign, Inc. (A)	1,105		4,011
PennyMac Financial Services, Inc.	824		49,119
Priority Technology Holdings, Inc. (A)	1,154		4,143
Radian Group, Inc.	2,873		63,493
Remitly Global, Inc. (A)	2,668		45,223
Rocket Companies, Inc., Class A (A)(B)	1,960		17,758
Shift4 Payments, Inc., Class A (A)	852		64,582
TFS Financial Corp.	3,937		49,724
The Western Union Company	6,396		71,315
Toast, Inc., Class A (A)	5,509		97,785
TrustCo Bank Corp. NY	400		12,776
UWM Holdings Corp.	495		2,430
Velocity Financial, Inc. (A)	157		1,418
Visa, Inc., Class A	26,459		5,965,446
Voya Financial, Inc.	1,677		119,838
Walker & Dunlop, Inc.	566		43,112
WEX, Inc. (A)	726		133,504
			29,588,531
Insurance – 2.0%
Aflac, Inc.	10,455		674,557
American Equity Investment Life Holding Company	1,278		46,634
American Financial Group, Inc.	1,397		169,736
American International Group, Inc.	12,565		632,773
AMERISAFE, Inc.	412		20,167
Aon PLC, Class A	3,334		1,051,177
Arch Capital Group, Ltd. (A)	6,154		417,672
Argo Group International Holdings, Ltd.	686		20,093
Arthur J. Gallagher & Company	3,462		662,315
Assurant, Inc.	899		107,943
Assured Guaranty, Ltd.	1,105		55,548

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Axis Capital Holdings, Ltd.	1,485	$	80,962
Bright Health Group, Inc. (A)	10,245		2,257
Brighthouse Financial, Inc. (A)	1,236		54,520
Brown & Brown, Inc.	4,675		268,439
BRP Group, Inc., Class A (A)	1,065		27,115
Cincinnati Financial Corp.	2,656		297,684
Citizens, Inc. (A)	1,370		5,083
CNA Financial Corp.	4,636		180,943
CNO Financial Group, Inc.	2,084		46,244
Crawford & Company, Class B	1,283		9,841
Donegal Group, Inc., Class A	786		12,010
eHealth, Inc. (A)	490		4,586
Employers Holdings, Inc.	594		24,764
Enstar Group, Ltd. (A)	223		51,689
Erie Indemnity Company, Class A	764		176,988
Everest Re Group, Ltd.	619		221,614
F&G Annuities & Life, Inc.	1,837		33,286
Fidelity National Financial, Inc.	4,718		164,800
First American Financial Corp.	1,819		101,246
Genworth Financial, Inc., Class A (A)	7,530		37,801
Global Indemnity Group LLC, Class A	34		957
Globe Life, Inc.	1,471		161,839
GoHealth, Inc., Class A (A)	146		2,377
Goosehead Insurance, Inc., Class A (A)	367		19,157
Hagerty, Inc., Class A (A)	1,692		14,788
HCI Group, Inc.	170		9,112
Heritage Insurance Holdings, Inc.	734		2,261
Hippo Holdings, Inc. (A)	362		5,875
Horace Mann Educators Corp.	870		29,128
Investors Title Company	50		7,550
Kemper Corp.	1,149		62,804
Kinsale Capital Group, Inc.	394		118,259
Lemonade, Inc. (A)	1,150		16,399
Lincoln National Corp.	2,877		64,646
Loews Corp.	4,094		237,534
Maiden Holdings, Ltd. (A)	1,154		2,412
Markel Corp. (A)	212		270,811
Marsh & McLennan Companies, Inc.	8,184		1,363,045
MBIA, Inc. (A)	1,050		9,723
Mercury General Corp.	1,013		32,153
MetLife, Inc.	13,182		763,765
Midwest Holding, Inc. (A)	14		231
National Western Life Group, Inc., Class A	35		8,492
NI Holdings, Inc. (A)	641		8,333
Old Republic International Corp.	5,164		128,945
Oscar Health, Inc., Class A (A)	3,277		21,432
Palomar Holdings, Inc. (A)	466		25,723
Primerica, Inc.	650		111,956
Principal Financial Group, Inc.	4,103		304,935
ProAssurance Corp.	1,099		20,310
Prudential Financial, Inc.	6,165		510,092
Reinsurance Group of America, Inc.	1,147		152,276
RenaissanceRe Holdings, Ltd.	725		145,247
RLI Corp.	790		104,999
Root, Inc., Class A (A)	229		1,033
Ryan Specialty Holdings, Inc. (A)	1,884		75,812
Safety Insurance Group, Inc.	323		24,070
Selective Insurance Group, Inc.	1,038		98,953
Stewart Information Services Corp.	487		19,650
The Allstate Corp.	4,471		495,432
The Hanover Insurance Group, Inc.	581		74,659
The Hartford Financial Services Group, Inc.	5,233		364,688
The Progressive Corp.	9,663		1,382,389

 

289

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
The Travelers Companies, Inc.	3,943	$	675,870
Trean Insurance Group, Inc. (A)	768		4,700
Trupanion, Inc. (A)	706		30,280
United Fire Group, Inc.	546		14,496
Universal Insurance Holdings, Inc.	656		11,952
Unum Group	3,145		124,416
W.R. Berkley Corp.	4,455		277,368
White Mountains Insurance Group, Ltd.	37		50,967
			14,124,788
Mortgage real estate investment trusts – 0.1%
AG Mortgage Investment Trust, Inc.	80		460
AGNC Investment Corp.	7,978		80,418
Angel Oak Mortgage, Inc.	160		1,168
Annaly Capital Management, Inc.	6,736		128,725
Apollo Commercial Real Estate Finance, Inc.	2,544		23,685
Arbor Realty Trust, Inc.	2,539		29,173
Ares Commercial Real Estate Corp.	789		7,172
ARMOUR Residential REIT, Inc.	1,413		7,418
Blackstone Mortgage Trust, Inc., Class A	2,768		49,409
BrightSpire Capital, Inc.	2,589		15,275
Broadmark Realty Capital, Inc.	2,185		10,270
Chicago Atlantic Real Estate Finance, Inc.	109		1,473
Chimera Investment Corp.	3,772		21,274
Claros Mortgage Trust, Inc.	1,986		23,137
Dynex Capital, Inc.	611		7,405
Ellington Residential Mortgage REIT	471		3,438
Franklin BSP Realty Trust, Inc.	891		10,630
Granite Point Mortgage Trust, Inc.	1,105		5,481
Great Ajax Corp.	553		3,639
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	1,402		40,097
Invesco Mortgage Capital, Inc.	352		3,904
KKR Real Estate Finance Trust, Inc.	1,084		12,347
Ladder Capital Corp.	2,439		23,049
MFA Financial, Inc.	1,816		18,015
New York Mortgage Trust, Inc.	1,306		13,008
Orchid Island Capital, Inc.	327		3,509
PennyMac Mortgage Investment Trust	1,708		21,060
Ready Capital Corp.	1,505		15,306
Redwood Trust, Inc.	2,127		14,336
Rithm Capital Corp.	7,947		63,576
Starwood Property Trust, Inc.	5,131		90,767
TPG RE Finance Trust, Inc.	1,656		12,023
Two Harbors Investment Corp.	1,453		21,374
			782,021
			94,480,182
Health care – 13.6%
Biotechnology – 2.7%
2seventy bio, Inc. (A)	648		6,610
4D Molecular Therapeutics, Inc. (A)	535		9,197
89bio, Inc. (A)	819		12,473
Aadi Bioscience, Inc. (A)	394		2,853
AbbVie, Inc.	28,973		4,617,427
Abeona Therapeutics, Inc. (A)	280		790
Absci Corp. (A)	1,544		2,702
ACADIA Pharmaceuticals, Inc. (A)	2,745		51,661
Achieve Life Sciences, Inc. (A)	170		1,156
Achillion Pharmaceuticals, Inc. (A)(C)	3,410		5,128
Acumen Pharmaceuticals, Inc. (A)	592		2,404
Acurx Pharmaceuticals, Inc. (A)	299		1,035
Adicet Bio, Inc. (A)	663		3,819
Aduro Biotech, Inc. (A)(C)	312		630

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Aerovate Therapeutics, Inc. (A)	391	$	7,886
Agenus, Inc. (A)	4,630		7,038
Agios Pharmaceuticals, Inc. (A)	969		22,258
Akero Therapeutics, Inc. (A)	754		28,848
Akouos, Inc.  (A)(C)	504		912
Albireo Pharma, Inc. (A)(C)	301		647
Aldeyra Therapeutics, Inc. (A)	1,138		11,300
Alector, Inc. (A)	1,508		9,335
Alkermes PLC (A)	2,773		78,171
Allakos, Inc. (A)	1,352		6,016
Allogene Therapeutics, Inc. (A)	2,589		12,790
Allovir, Inc. (A)	1,480		5,831
Alnylam Pharmaceuticals, Inc. (A)	1,971		394,831
Alpine Immune Sciences, Inc. (A)	715		5,520
Altimmune, Inc. (A)	801		3,380
ALX Oncology Holdings, Inc. (A)	659		2,979
Ambit Biosciences Corp. (A)(C)	515		309
Amgen, Inc.	8,764		2,118,697
Amicus Therapeutics, Inc. (A)	4,686		51,968
AnaptysBio, Inc. (A)	530		11,533
Anika Therapeutics, Inc. (A)	288		8,271
Anixa Biosciences, Inc. (A)	386		1,660
Annexon, Inc. (A)	896		3,450
Annovis Bio, Inc. (A)	176		2,712
Apellis Pharmaceuticals, Inc. (A)	1,786		117,805
Apexigen, Inc. (A)	505		253
Aptevo Therapeutics, Inc. (A)	400		816
ARCA biopharma, Inc. (A)	174		346
Arcellx, Inc. (A)	707		21,783
Arcus Biosciences, Inc. (A)	1,192		21,742
Arcutis Biotherapeutics, Inc. (A)	1,116		12,276
Ardelyx, Inc. (A)	3,046		14,590
Arrowhead Pharmaceuticals, Inc. (A)	1,775		45,085
ARS Pharmaceuticals, Inc. (A)	804		5,234
Assembly Biosciences, Inc. (A)	358		301
Astria Therapeutics, Inc. (A)	352		4,682
Atara Biotherapeutics, Inc. (A)	1,915		5,554
aTyr Pharma, Inc. (A)	237		498
Aura Biosciences, Inc. (A)	531		4,928
Avalo Therapeutics, Inc. (A)	362		634
Avid Bioservices, Inc. (A)	992		18,610
Avidity Biosciences, Inc. (A)	828		12,710
Beam Therapeutics, Inc. (A)	1,146		35,091
BioAtla, Inc. (A)	872		2,337
BioCryst Pharmaceuticals, Inc. (A)	2,966		24,736
Biogen, Inc. (A)	2,381		661,989
Biohaven, Ltd. (A)	1,091		14,903
BioMarin Pharmaceutical, Inc. (A)	3,057		297,263
Biomea Fusion, Inc. (A)	543		16,838
Bioxcel Therapeutics, Inc. (A)	460		8,584
Black Diamond Therapeutics, Inc. (A)	960		1,814
Bluebird Bio, Inc. (A)	1,199		3,813
Blueprint Medicines Corp. (A)	1,002		45,080
Bolt Biotherapeutics, Inc. (A)	1,138		1,582
Bridgebio Pharma, Inc. (A)	2,543		42,163
C4 Therapeutics, Inc. (A)	755		2,371
Cabaletta Bio, Inc. (A)	570		4,714
Calithera Biosciences, Inc. (A)	171		9
Candel Therapeutics, Inc. (A)	599		821
Capricor Therapeutics, Inc. (A)	749		3,161
Cardiff Oncology, Inc. (A)	1,316		2,171
CareDx, Inc. (A)	890		8,135
Caribou Biosciences, Inc. (A)	936		4,970
CASI Pharmaceuticals Holdings, Inc. (A)	172		396
Catalyst Pharmaceuticals, Inc. (A)	1,738		28,816

 

290

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Celcuity, Inc. (A)	202	$	2,071
Celldex Therapeutics, Inc. (A)	768		27,633
Cellectar Biosciences, Inc. (A)	377		543
CEL-SCI Corp. (A)(B)	784		1,819
Celularity, Inc. (A)	2,334		1,446
Century Therapeutics, Inc. (A)	839		2,911
Cerevel Therapeutics Holdings, Inc. (A)	2,518		61,414
Checkpoint Therapeutics, Inc. (A)	243		547
Chimerix, Inc. (A)	1,055		1,329
Chinook Therapeutics, Inc. (A)	965		22,340
Cogent Biosciences, Inc. (A)	1,064		11,481
Coherus Biosciences, Inc. (A)	1,434		9,809
Comera Life Sciences Holdings, Inc. (A)	276		248
Contra Concert Pharmaceutical (A)(C)	1,064		394
Crinetics Pharmaceuticals, Inc. (A)	797		12,800
CTI BioPharma Corp. (A)	2,288		9,610
Cue Biopharma, Inc. (A)	664		2,370
Cullinan Oncology, Inc. (A)	632		6,465
Cyteir Therapeutics, Inc. (A)	402		732
Cytokinetics, Inc. (A)	1,511		53,172
CytomX Therapeutics, Inc. (A)	1,192		1,800
Day One Biopharmaceuticals, Inc. (A)	1,178		15,750
Decibel Therapeutics, Inc. (A)	543		1,640
Deciphera Pharmaceuticals, Inc. (A)	1,040		16,068
Denali Therapeutics, Inc. (A)	2,200		50,688
Design Therapeutics, Inc. (A)	844		4,870
Disc Medicine, Inc.  (A)	24		509
Dominari Holdings, Inc. (A)	196		631
Dynavax Technologies Corp. (A)	1,983		19,453
Dyne Therapeutics, Inc. (A)	932		10,737
Eagle Pharmaceuticals, Inc. (A)	259		7,348
Editas Medicine, Inc. (A)	1,143		8,287
Eiger BioPharmaceuticals, Inc. (A)	622		558
Eledon Pharmaceuticals, Inc. (A)	782		1,846
Emergent BioSolutions, Inc. (A)	921		9,542
Enanta Pharmaceuticals, Inc. (A)	370		14,963
Entrada Therapeutics, Inc. (A)	489		7,091
EQRx, Inc. (A)	7,952		15,427
Equillium, Inc. (A)	835		610
Erasca, Inc. (A)	1,961		5,903
Evelo Biosciences, Inc. (A)	2,584		467
Exact Sciences Corp. (A)	2,925		198,344
Exagen, Inc. (A)	252		612
Exelixis, Inc. (A)	5,369		104,212
Fate Therapeutics, Inc. (A)	1,608		9,166
Fennec Pharmaceuticals, Inc. (A)	279		2,321
FibroGen, Inc. (A)	1,640		30,602
Flexion Therapeutics, Inc. (A)(C)	867		484
Foghorn Therapeutics, Inc. (A)	696		4,315
Frequency Therapeutics, Inc. (A)	965		485
G1 Therapeutics, Inc. (A)	826		2,214
Gain Therapeutics, Inc. (A)	90		434
Galectin Therapeutics, Inc. (A)	1,506		3,163
Galera Therapeutics, Inc. (A)	965		2,470
Gemini Therapeutics Sub, Inc. (A)(C)	246		0
Generation Bio Company (A)	1,161		4,992
Genprex, Inc. (A)	381		347
Geron Corp. (A)	5,962		12,938
Gilead Sciences, Inc.	20,538		1,704,038
GlycoMimetics, Inc. (A)	933		1,176
Gossamer Bio, Inc. (A)	1,668		2,102
Graphite Bio, Inc. (A)	889		2,178
GreenLight Biosciences Holdings PBC (A)	2,453		1,061
Greenwich Lifesciences, Inc. (A)	209		2,882

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Gritstone bio, Inc. (A)	1,336	$	3,714
GTX Corp. (A)(C)	38		0
Halozyme Therapeutics, Inc. (A)	2,283		87,188
Heron Therapeutics, Inc. (A)	1,826		2,757
HilleVax, Inc. (A)	527		8,711
Homology Medicines, Inc. (A)	999		1,029
Horizon Therapeutics PLC (A)	3,784		412,986
Humacyte, Inc. (A)	1,629		5,034
Icosavax, Inc. (A)	662		3,840
Ideaya Biosciences, Inc. (A)	764		10,490
IGM Biosciences, Inc. (A)	556		7,639
Immuneering Corp., Class A (A)	361		3,505
Immunic, Inc. (A)	884		1,317
ImmunityBio, Inc. (A)(B)	6,612		12,034
ImmunoGen, Inc. (A)	3,506		13,463
Immunome, Inc. (A)	505		2,520
Immunovant, Inc. (A)	2,107		32,680
Impel Pharmaceuticals, Inc. (A)	519		727
Imunon, Inc. (A)	460		575
IN8bio, Inc. (A)	585		761
Incyte Corp. (A)	3,667		265,014
Inhibrx, Inc. (A)	704		13,284
Inmune Bio, Inc. (A)	459		2,965
Inovio Pharmaceuticals, Inc. (A)	3,920		3,214
Inozyme Pharma, Inc. (A)	748		4,286
Insmed, Inc. (A)	2,162		36,862
Instil Bio, Inc. (A)	2,107		1,392
Intellia Therapeutics, Inc. (A)	1,380		51,433
Intercept Pharmaceuticals, Inc. (A)	671		9,012
Invivyd, Inc. (A)	1,879		2,255
Ionis Pharmaceuticals, Inc. (A)	2,363		84,454
Iovance Biotherapeutics, Inc. (A)	2,539		15,513
Ironwood Pharmaceuticals, Inc. (A)	2,657		27,952
iTeos Therapeutics, Inc. (A)	554		7,540
IVERIC bio, Inc. (A)	2,178		52,991
Janux Therapeutics, Inc. (A)	645		7,805
KalVista Pharmaceuticals, Inc. (A)	394		3,097
Karuna Therapeutics, Inc. (A)	545		98,994
Keros Therapeutics, Inc. (A)	439		18,745
Kezar Life Sciences, Inc. (A)	994		3,111
Kiniksa Pharmaceuticals, Ltd., Class A (A)	636		6,843
Kinnate Biopharma, Inc. (A)	686		4,288
Kodiak Sciences, Inc. (A)	899		5,574
Kronos Bio, Inc. (A)	1,099		1,605
Krystal Biotech, Inc. (A)	395		31,624
Kura Oncology, Inc. (A)	1,043		12,756
Kymera Therapeutics, Inc. (A)	885		26,223
Lantern Pharma, Inc. (A)	174		840
Larimar Therapeutics, Inc. (A)	656		2,972
Legend Biotech Corp., ADR (A)	2,721		131,207
Lexicon Pharmaceuticals, Inc. (A)	2,952		7,173
Lineage Cell Therapeutics, Inc. (A)	2,770		4,155
Lumos Pharma, Inc. (A)	123		417
Lyell Immunopharma, Inc. (A)	3,975		9,381
MacroGenics, Inc. (A)	1,201		8,611
Madrigal Pharmaceuticals, Inc. (A)	285		69,044
Magenta Therapeutics, Inc. (A)	2,418		1,922
MannKind Corp. (A)	4,112		16,859
MeiraGTx Holdings PLC (A)	698		3,609
Merrimack Pharmaceuticals, Inc. (A)	204		2,507
Mersana Therapeutics, Inc. (A)	1,566		6,436
Mirati Therapeutics, Inc. (A)	902		33,536
Mirum Pharmaceuticals, Inc. (A)	650		15,613
Moderna, Inc. (A)	6,413		984,909

 

291

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Moleculin Biotech, Inc. (A)	1,608	$	1,544
Monte Rosa Therapeutics, Inc. (A)	877		6,832
Morphic Holding, Inc. (A)	687		25,859
Myriad Genetics, Inc. (A)	1,391		32,313
Natera, Inc. (A)	1,772		98,381
Neurocrine Biosciences, Inc. (A)	1,582		160,130
NextCure, Inc. (A)	542		802
NightHawk Biosciences, Inc. (A)	122		107
Nkarta, Inc. (A)	723		2,567
Northwest Biotherapeutics, Inc. (A)	11,656		7,285
Novavax, Inc. (A)(B)	1,306		9,051
Nurix Therapeutics, Inc. (A)	762		6,767
Nuvalent, Inc., Class A (A)	831		21,681
Ocugen, Inc. (A)	3,716		3,170
Olema Pharmaceuticals, Inc. (A)	673		2,335
Omega Therapeutics, Inc. (A)	866		5,222
Omthera Pharmaceuticals, Inc. (A)(C)	498		0
Organogenesis Holdings, Inc. (A)	2,172		4,626
Orgenesis, Inc. (A)	485		572
ORIC Pharmaceuticals, Inc. (A)	743		4,235
Ovid therapeutics, Inc. (A)	930		2,399
Palatin Technologies, Inc. (A)	107		294
PDL BioPharma, Inc. (A)(C)	1,734		2,029
PDS Biotechnology Corp. (A)	567		3,487
PepGen, Inc. (A)	376		4,598
PMV Pharmaceuticals, Inc. (A)	729		3,477
Point Biopharma Global, Inc. (A)	1,690		12,286
Poseida Therapeutics, Inc. (A)	1,586		4,885
Praxis Precision Medicines, Inc. (A)	1,320		1,068
Precigen, Inc. (A)	3,305		3,503
Precision BioSciences, Inc. (A)	1,970		1,485
Prelude Therapeutics, Inc. (A)	793		4,520
Progenics Pharmaceuticals, Inc. (A)(C)	1,955		2,250
ProKidney Corp. (A)	958		10,845
Prometheus Biosciences, Inc. (A)	684		73,407
Protagonist Therapeutics, Inc. (A)	791		18,193
Protara Therapeutics, Inc. (A)	372		1,153
PTC Therapeutics, Inc. (A)	1,210		58,612
Puma Biotechnology, Inc. (A)	890		2,750
Pyxis Oncology, Inc. (A)	679		2,723
Rallybio Corp. (A)	561		3,203
RAPT Therapeutics, Inc. (A)	543		9,964
Recursion Pharmaceuticals, Inc., Class A (A)	2,871		19,150
Regeneron Pharmaceuticals, Inc. (A)	1,757		1,443,674
REGENXBIO, Inc. (A)	771		14,580
Regulus Therapeutics, Inc. (A)	1,203		1,020
Relay Therapeutics, Inc. (A)	1,927		31,738
Reneo Pharmaceuticals, Inc. (A)	651		3,893
Replimune Group, Inc. (A)	778		13,739
REVOLUTION Medicines, Inc. (A)	1,395		30,216
Rhythm Pharmaceuticals, Inc. (A)	921		16,431
Rocket Pharmaceuticals, Inc. (A)	1,269		21,738
Sage Therapeutics, Inc. (A)	1,024		42,967
Sana Biotechnology, Inc. (A)	3,178		10,392
Sangamo Therapeutics, Inc. (A)	2,664		4,689
Sarepta Therapeutics, Inc. (A)	1,435		197,786
Savara, Inc. (A)	2,744		5,351
Scholar Rock Holding Corp. (A)	838		6,704
Seagen, Inc. (A)	3,030		613,484
Selecta Biosciences, Inc. (A)	2,132		2,963
SELLAS Life Sciences Group, Inc. (A)	418		598
Sensei Biotherapeutics, Inc. (A)	498		747
Senti Biosciences, Inc. (A)	532		628
Seres Therapeutics, Inc. (A)	2,022		11,465

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Shattuck Labs, Inc. (A)	733	$	2,155
Solid Biosciences, Inc. (A)	96		455
Sorrento Therapeutics, Inc. (A)	7,486		2,695
Spero Therapeutics, Inc. (A)	623		903
SpringWorks Therapeutics, Inc. (A)	998		25,689
SQZ Biotechnologies Company (A)	719		403
Stoke Therapeutics, Inc. (A)	722		6,014
Sutro Biopharma, Inc. (A)	868		4,010
Syndax Pharmaceuticals, Inc. (A)	887		18,733
Synergy Pharmaceuticals, Inc. (A)(C)	6,230		18
Syros Pharmaceuticals, Inc. (A)	285		761
Talaris Therapeutics, Inc. (A)	937		1,762
Tango Therapeutics, Inc. (A)	1,408		5,562
Taysha Gene Therapies, Inc. (A)	1,015		810
TCR2 Therapeutics, Inc. (A)	1,031		1,547
Tempest Therapeutics, Inc. (A)	96		223
Tenaya Therapeutics, Inc. (A)	1,121		3,195
TG Therapeutics, Inc. (A)	2,388		35,916
Tracon Pharmaceuticals, Inc. (A)	1,275		2,410
Travere Therapeutics, Inc. (A)	1,004		22,580
Trevena, Inc. (A)	207		145
TScan Therapeutics, Inc. (A)	684		1,436
Twist Bioscience Corp. (A)	907		13,678
Tyra Biosciences, Inc. (A)	661		10,622
Ultragenyx Pharmaceutical, Inc. (A)	1,176		47,158
United Therapeutics Corp. (A)	746		167,074
UNITY Biotechnology, Inc. (A)	109		178
UroGen Pharma, Ltd. (A)	495		4,574
Vanda Pharmaceuticals, Inc. (A)	1,167		7,924
Vaxart, Inc. (A)	2,037		1,541
Vaxcyte, Inc. (A)	1,279		47,937
Vaxxinity, Inc., Class A (A)	2,459		5,582
Vera Therapeutics, Inc. (A)	459		3,562
Veracyte, Inc. (A)	1,160		25,868
Vericel Corp. (A)	832		24,394
Vertex Pharmaceuticals, Inc. (A)	4,210		1,326,445
Verve Therapeutics, Inc. (A)	968		13,959
Vigil Neuroscience, Inc. (A)	587		5,747
Viking Therapeutics, Inc. (A)	1,415		23,560
Vir Biotechnology, Inc. (A)	2,215		51,543
Viracta Therapeutics, Inc. (A)	1,210		1,924
Viridian Therapeutics, Inc. (A)	614		15,620
Vor BioPharma, Inc. (A)	854		4,595
Voyager Therapeutics, Inc. (A)	883		6,808
Werewolf Therapeutics, Inc. (A)	415		1,079
X4 Pharmaceuticals, Inc. (A)	1,107		963
XBiotech, Inc. (A)	761		2,625
Xencor, Inc. (A)	1,071		29,870
Xilio Therapeutics, Inc. (A)	1,088		3,460
XOMA Corp. (A)	228		4,813
Y-mAbs Therapeutics, Inc. (A)	853		4,274
Zentalis Pharmaceuticals, Inc. (A)	900		15,480
			19,361,524
Health care equipment and supplies – 2.7%
Abbott Laboratories	28,691		2,905,251
ABIOMED, Inc.  (A)(C)	788		12,230
Accuray, Inc. (A)	2,141		6,359
Align Technology, Inc. (A)	1,285		429,370
Alphatec Holdings, Inc. (A)	1,632		25,459
AngioDynamics, Inc. (A)	735		7,600
Apollo Endosurgery, Inc. (A)	639		6,339
Apyx Medical Corp. (A)	740		2,131
Artivion, Inc. (A)	737		9,655
AtriCure, Inc. (A)	795		32,953
Atrion Corp.	32		20,093

 

292

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Avanos Medical, Inc. (A)	804	$	23,911
Axogen, Inc. (A)	823		7,777
Axonics, Inc. (A)	764		41,684
Baxter International, Inc.	8,263		335,147
Becton, Dickinson and Company	4,668		1,155,517
Beyond Air, Inc. (A)	409		2,761
Bioventus, Inc., Class A (A)	978		1,046
Boston Scientific Corp. (A)	23,452		1,173,304
Butterfly Network, Inc. (A)	2,633		4,950
Cardiovascular Systems, Inc. (A)	748		14,855
Cerus Corp. (A)	3,177		9,436
ClearPoint Neuro, Inc. (A)	280		2,363
Co-Diagnostics, Inc. (A)	301		445
Conformis, Inc. (A)	123		197
CONMED Corp.	512		53,176
Cue Health, Inc. (A)	2,236		4,070
Cutera, Inc. (A)	347		8,196
CVRx, Inc. (A)	285		2,656
CytoSorbents Corp. (A)	847		2,854
Delcath Systems, Inc. (A)	160		920
Dentsply Sirona, Inc.	3,560		139,837
DexCom, Inc. (A)	6,437		747,851
Edwards Lifesciences Corp. (A)	10,170		841,364
Ekso Bionics Holdings, Inc. (A)	534		881
Embecta Corp.	980		27,558
Enovis Corp. (A)	825		44,129
Envista Holdings Corp. (A)	2,693		110,090
enVVeno Medical Corp. (A)	432		2,043
Establishment Labs Holdings, Inc. (A)	425		28,790
Figs, Inc., Class A (A)	2,697		16,694
GE HealthCare Technologies, Inc. (A)	7,378		605,217
Glaukos Corp. (A)	799		40,030
Globus Medical, Inc., Class A (A)	1,279		72,443
Haemonetics Corp. (A)	847		70,089
Heska Corp. (A)	175		17,084
Hologic, Inc. (A)	4,025		324,818
ICU Medical, Inc. (A)	382		63,015
IDEXX Laboratories, Inc. (A)	1,366		683,109
Inari Medical, Inc. (A)	850		52,479
Inogen, Inc. (A)	441		5,504
Inspire Medical Systems, Inc. (A)	473		110,715
Insulet Corp. (A)	1,141		363,933
Integer Holdings Corp. (A)	553		42,858
Integra LifeSciences Holdings Corp. (A)	1,385		79,513
Intuitive Surgical, Inc. (A)	5,853		1,495,266
iRadimed Corp.	243		9,562
iRhythm Technologies, Inc. (A)	501		62,139
Lantheus Holdings, Inc. (A)	1,147		94,696
LeMaitre Vascular, Inc.	393		20,228
Masimo Corp. (A)	869		160,365
Medtronic PLC	21,620		1,743,004
Merit Medical Systems, Inc. (A)	944		69,809
Mesa Laboratories, Inc.	96		16,774
Microbot Medical, Inc. (A)	440		915
Neogen Corp. (A)	3,324		61,560
Neuronetics, Inc. (A)	550		1,601
NeuroPace, Inc. (A)	100		464
Nevro Corp. (A)	598		21,618
NuVasive, Inc. (A)	866		35,774
Omnicell, Inc. (A)	743		43,592
OraSure Technologies, Inc. (A)	1,347		8,149
Orthofix Medical, Inc. (A)	633		10,603
OrthoPediatrics Corp. (A)	364		16,122
Outset Medical, Inc. (A)	759		13,966
Paragon 28, Inc. (A)	1,105		18,862

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Penumbra, Inc. (A)	624	$	173,903
PROCEPT BioRobotics Corp. (A)	688		19,539
Pulmonx Corp. (A)	589		6,585
Pulse Biosciences, Inc. (A)	574		1,929
QuidelOrtho Corp. (A)	1,105		98,444
ResMed, Inc.	2,400		525,576
Retractable Technologies, Inc. (A)	238		417
RxSight, Inc. (A)	274		4,570
Senseonics Holdings, Inc. (A)(B)	7,349		5,218
Sensus Healthcare, Inc. (A)	133		693
Shockwave Medical, Inc. (A)	592		128,363
SI-BONE, Inc. (A)	650		12,786
Sight Sciences, Inc. (A)	750		6,555
Silk Road Medical, Inc. (A)	593		23,204
Sonendo, Inc. (A)	663		1,326
STAAR Surgical Company (A)	802		51,288
Stereotaxis, Inc. (A)	1,565		3,193
STERIS PLC	1,614		308,726
Stryker Corp.	6,197		1,769,058
Surmodics, Inc. (A)	278		6,333
Tactile Systems Technology, Inc. (A)	415		6,814
Tandem Diabetes Care, Inc. (A)	1,069		43,412
Tela Bio, Inc. (A)	217		2,309
Teleflex, Inc.	770		195,049
The Cooper Companies, Inc.	804		300,181
TransMedics Group, Inc. (A)	502		38,016
Treace Medical Concepts, Inc. (A)	822		20,706
UFP Technologies, Inc. (A)	86		11,166
Utah Medical Products, Inc.	74		7,013
Vapotherm, Inc. (A)	424		279
Varex Imaging Corp. (A)	707		12,860
Vicarious Surgical, Inc. (A)	1,697		3,852
Vivani Medical, Inc. (A)	781		781
Zimmer Biomet Holdings, Inc.	3,437		444,060
Zimvie, Inc. (A)	366		2,646
			18,934,668
Health care providers and services – 2.8%
Acadia Healthcare Company, Inc. (A)	1,502		108,520
Accolade, Inc. (A)	1,133		16,293
Aceto Corp. (A)(C)	853		0
AdaptHealth Corp. (A)	2,139		26,588
Addus HomeCare Corp. (A)	281		30,000
agilon health, Inc. (A)	6,679		158,626
AirSculpt Technologies, Inc.	845		4,259
Alignment Healthcare, Inc. (A)	3,052		19,411
Amedisys, Inc. (A)	545		40,085
AmerisourceBergen Corp.	3,398		544,054
AMN Healthcare Services, Inc. (A)	713		59,150
Apollo Medical Holdings, Inc. (A)	958		34,938
Biodesix, Inc. (A)	1,285		2,390
Brookdale Senior Living, Inc. (A)	3,457		10,198
Cardinal Health, Inc.	4,465		337,108
CareMax, Inc. (A)	1,340		3,578
Castle Biosciences, Inc. (A)	404		9,179
Centene Corp. (A)	9,378		592,783
Chemed Corp.	230		123,683
Clover Health Investments Corp. (A)	6,044		5,108
Community Health Systems, Inc. (A)	2,429		11,902
CorVel Corp. (A)	295		56,133
Cross Country Healthcare, Inc. (A)	655		14,620
CVS Health Corp.	21,502		1,597,814
DaVita, Inc. (A)	1,499		121,584
DocGo, Inc. (A)	1,512		13,079
Elevance Health, Inc.	3,931		1,807,513
Encompass Health Corp.	1,651		89,319

 

293

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Enhabit, Inc. (A)	900	$	12,519
Fulgent Genetics, Inc. (A)	470		14,673
Guardant Health, Inc. (A)	1,715		40,200
HCA Healthcare, Inc.	4,502		1,187,087
HealthEquity, Inc. (A)	1,395		81,900
Henry Schein, Inc. (A)	2,159		176,045
Humana, Inc.	2,073		1,006,359
InfuSystem Holdings, Inc. (A)	130		1,008
Innovage Holding Corp. (A)	1,986		15,848
Invitae Corp. (A)	4,121		5,563
Laboratory Corp. of America Holdings	1,483		340,230
LifeStance Health Group, Inc. (A)	6,301		46,816
McKesson Corp.	2,353		837,786
ModivCare, Inc. (A)	241		20,263
Molina Healthcare, Inc. (A)	953		254,918
National HealthCare Corp.	278		16,143
National Research Corp.	430		18,709
NeoGenomics, Inc. (A)	2,205		38,389
Oak Street Health, Inc. (A)	4,000		154,720
OPKO Health, Inc. (A)	12,549		18,322
Option Care Health, Inc. (A)	3,024		96,072
Owens & Minor, Inc. (A)	1,286		18,711
P3 Health Partners, Inc. (A)	434		460
Patterson Companies, Inc.	1,615		43,234
Pediatrix Medical Group, Inc. (A)	1,428		21,291
PetIQ, Inc. (A)	575		6,578
Premier, Inc., Class A	1,861		60,241
Privia Health Group, Inc. (A)	1,737		47,959
Progyny, Inc. (A)	1,553		49,882
Quest Diagnostics, Inc.	1,909		270,085
R1 RCM, Inc. (A)	6,807		102,105
RadNet, Inc. (A)	1,007		25,205
Select Medical Holdings Corp.	2,102		54,337
Sonida Senior Living, Inc. (A)	30		204
Surgery Partners, Inc. (A)	1,891		65,183
Tenet Healthcare Corp. (A)	1,780		105,768
The Cigna Group	4,997		1,276,883
The Ensign Group, Inc.	921		87,992
The Joint Corp. (A)	267		4,494
The Oncology Institute, Inc. (A)	1,147		778
The Pennant Group, Inc. (A)	570		8,140
UnitedHealth Group, Inc.	15,162		7,165,410
Universal Health Services, Inc., Class B	1,080		137,268
US Physical Therapy, Inc.	228		22,323
Viemed Healthcare, Inc. (A)	370		3,574
			19,799,590
Health care technology – 0.1%
Akili, Inc. (A)	938		1,501
American Well Corp., Class A (A)	4,289		10,122
Better Therapeutics, Inc. (A)	627		456
CareCloud, Inc. (A)	107		358
Certara, Inc. (A)	2,677		64,542
Computer Programs and Systems, Inc. (A)	291		8,788
Definitive Healthcare Corp. (A)	1,802		18,615
Doximity, Inc., Class A (A)	1,839		59,547
Evolent Health, Inc., Class A (A)	1,650		53,543
Forian, Inc. (A)	439		1,673
GoodRx Holdings, Inc., Class A (A)	1,651		10,319
Health Catalyst, Inc. (A)	805		9,394
HealthStream, Inc. (A)	552		14,959
iCAD, Inc. (A)	132		164
MultiPlan Corp. (A)	10,977		11,636
NextGen Healthcare, Inc. (A)	1,192		20,753
Nutex Health, Inc. (A)	10,583		10,689

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Pear Therapeutics, Inc. (A)	2,627	$	670
Phreesia, Inc. (A)	831		26,833
Schrodinger, Inc. (A)	1,079		28,410
Sharecare, Inc. (A)	5,224		7,418
Simulations Plus, Inc.	363		15,950
Tabula Rasa HealthCare, Inc. (A)	474		2,650
Teladoc Health, Inc. (A)	2,711		70,215
Veeva Systems, Inc., Class A (A)	2,303		423,268
Veradigm, Inc. (A)	1,873		24,443
			896,916
Life sciences tools and services – 1.7%
10X Genomics, Inc., Class A (A)	1,591		88,762
Adaptive Biotechnologies Corp. (A)	2,555		22,561
Agilent Technologies, Inc.	4,851		671,087
Alpha Teknova, Inc. (A)	360		1,066
Avantor, Inc. (A)	10,899		230,405
Azenta, Inc. (A)	1,253		55,909
BioLife Solutions, Inc. (A)	681		14,812
Bionano Genomics, Inc. (A)(B)	4,957		5,502
Bio-Rad Laboratories, Inc., Class A (A)	410		196,398
Bio-Techne Corp.	2,585		191,781
Bruker Corp.	2,443		192,606
Charles River Laboratories International, Inc. (A)	839		169,327
Codexis, Inc. (A)	1,214		5,026
CryoPort, Inc. (A)	806		19,344
Cytek Biosciences, Inc. (A)	1,980		18,196
Danaher Corp.	11,917		3,003,561
Harvard Bioscience, Inc. (A)	430		1,806
ICON PLC (A)	1,327		283,434
Illumina, Inc. (A)	2,581		600,212
Inotiv, Inc. (A)	420		1,819
IQVIA Holdings, Inc. (A)	3,060		608,603
Maravai LifeSciences Holdings, Inc., Class A (A)	2,206		30,906
Medpace Holdings, Inc. (A)	514		96,658
Mettler-Toledo International, Inc. (A)	369		564,647
Miromatrix Medical, Inc. (A)	304		511
NanoString Technologies, Inc. (A)	769		7,613
OmniAb, Inc. (A)	1,514		5,572
OmniAb, Inc., $12.50 Earnout Shares (A)(C)	117		0
OmniAb, Inc., $15.00 Earnout Shares (A)(C)	117		0
Pacific Biosciences of California, Inc. (A)	3,737		43,274
PerkinElmer, Inc.	2,075		276,515
Personalis, Inc. (A)	1,303		3,596
PhenomeX, Inc. (A)	1,103		1,279
Quanterix Corp. (A)	563		6,345
Quantum-Si, Inc. (A)	1,805		3,177
Rapid Micro Biosystems, Inc., Class A (A)	438		574
Repligen Corp. (A)	915		154,049
Seer, Inc. (A)	912		3,520
Singular Genomics Systems, Inc. (A)	1,117		1,352
SomaLogic, Inc. (A)	2,875		7,331
Sotera Health Company (A)	4,745		84,983
Standard BioTools, Inc. (A)	1,624		3,167
Syneos Health, Inc. (A)	1,709		60,875
Thermo Fisher Scientific, Inc.	6,265		3,610,958
Waters Corp. (A)	981		303,747

 

294

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
West Pharmaceutical Services, Inc.	1,216	$	421,308
			12,074,174
Pharmaceuticals – 3.6%
9 Meters Biopharma, Inc. (A)	371		516
Acer Therapeutics, Inc. (A)	162		123
Aclaris Therapeutics, Inc. (A)	1,042		8,430
Alexza Pharmaceuticals, Inc. (A)(C)	2,067		72
Amneal Pharmaceuticals, Inc. (A)	3,150		4,379
Amphastar Pharmaceuticals, Inc. (A)	893		33,488
Amylyx Pharmaceuticals, Inc. (A)	1,066		31,276
AN2 Therapeutics, Inc. (A)	304		3,000
ANI Pharmaceuticals, Inc. (A)	272		10,804
Arvinas, Inc. (A)	867		23,686
Assertio Holdings, Inc. (A)	507		3,230
Atea Pharmaceuticals, Inc. (A)	1,534		5,139
Athira Pharma, Inc. (A)	1,185		2,963
Axsome Therapeutics, Inc. (A)	668		41,202
Biote Corp., Class A (A)	50		310
Bristol-Myers Squibb Company	34,113		2,364,372
Cara Therapeutics, Inc. (A)	906		4,448
Cassava Sciences, Inc. (A)	678		16,353
Catalent, Inc. (A)	2,974		195,422
CinCor Pharma, Inc. (A)(C)	708		2,166
Cognition Therapeutics, Inc. (A)	866		1,715
Collegium Pharmaceutical, Inc. (A)	620		14,874
Corcept Therapeutics, Inc. (A)	1,839		39,833
DICE Therapeutics, Inc. (A)	765		21,917
Durect Corp. (A)	379		1,717
Edgewise Therapeutics, Inc. (A)	923		6,156
Elanco Animal Health, Inc. (A)	7,895		74,213
Eli Lilly & Company	15,446		5,304,465
Eloxx Pharmaceuticals, Inc. (A)	44		110
Enliven Therapeutics, Inc. (A)	102		2,234
Esperion Therapeutics, Inc. (A)	1,411		2,243
Eton Pharmaceuticals, Inc. (A)	259		997
Evolus, Inc. (A)	1,113		9,416
Eyenovia, Inc. (A)	1,231		4,345
EyePoint Pharmaceuticals, Inc. (A)	562		1,652
Fulcrum Therapeutics, Inc. (A)	982		2,799
Harmony Biosciences Holdings, Inc. (A)	927		30,267
Harrow Health, Inc. (A)	535		11,321
Ikena Oncology, Inc. (A)	556		1,918
Imara, Inc.  (A)(C)	411		132
Innoviva, Inc. (A)	1,280		14,400
Intra-Cellular Therapies, Inc. (A)	1,529		82,795
Jazz Pharmaceuticals PLC (A)	1,023		149,696
Johnson & Johnson	42,329		6,560,995
Ligand Pharmaceuticals, Inc. (A)	308		22,656
Liquidia Corp. (A)	944		6,523
Longboard Pharmaceuticals, Inc. (A)	165		648
Lyra Therapeutics, Inc. (A)	554		1,147
Marinus Pharmaceuticals, Inc. (A)	749		5,168
Merck & Company, Inc.	41,509		4,416,143
MyMD Pharmaceuticals, Inc. (A)	848		1,459
Nektar Therapeutics (A)	3,478		2,445
NGM Biopharmaceuticals, Inc. (A)	1,448		5,908
Nuvation Bio, Inc. (A)	3,157		5,241
Ocular Therapeutix, Inc. (A)	1,256		6,619
Ocuphire Pharma, Inc. (A)	241		904
Omeros Corp. (A)	1,206		5,608
Opiant Pharmaceuticals, Inc. (A)(C)	87		57
Optinose, Inc. (A)	2,082		4,018
Oramed Pharmaceuticals, Inc. (A)	601		1,310
Organon & Company	3,979		93,586
Pacira BioSciences, Inc. (A)	796		32,485

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Palisade Bio, Inc. (A)(C)	9,919	$	0
Paratek Pharmaceuticals, Inc. (A)	901		2,289
Perrigo Company PLC	2,188		78,484
Pfizer, Inc.	91,953		3,751,682
Phathom Pharmaceuticals, Inc. (A)	633		4,520
Phibro Animal Health Corp., Class A	463		7,093
Pliant Therapeutics, Inc. (A)	781		20,775
Prestige Consumer Healthcare, Inc. (A)	755		47,286
Prevail Therapeutics, Inc. (A)(C)	788		1,516
ProPhase Labs, Inc.	128		975
Provention Bio, Inc. (A)	1,460		35,186
Rain Oncology, Inc. (A)	373		3,260
Rani Therapeutics Holdings, Inc., Class A (A)	594		3,065
Reata Pharmaceuticals, Inc., Class A (A)	544		49,460
Relmada Therapeutics, Inc. (A)	448		1,012
Revance Therapeutics, Inc. (A)	1,298		41,809
Royalty Pharma PLC, Class A	7,169		258,299
RVL Pharmaceuticals PLC (A)	1,367		1,558
Scilex Holding Company (A)	1,055		8,651
scPharmaceuticals, Inc. (A)	492		4,462
SCYNEXIS, Inc. (A)	751		2,253
SIGA Technologies, Inc.	1,287		7,400
Societal CDMO, Inc. (A)	587		699
Supernus Pharmaceuticals, Inc. (A)	932		33,766
Tarsus Pharmaceuticals, Inc. (A)	380		4,777
Terns Pharmaceuticals, Inc. (A)	585		6,926
TFF Pharmaceuticals, Inc. (A)	715		490
TherapeuticsMD, Inc. (A)	165		619
Theseus Pharmaceuticals, Inc. (A)	652		5,790
Tilray Brands, Inc. (A)	9,449		23,906
Tobira Therapeutics, Inc. (A)(C)	609		2,521
Ventyx Biosciences, Inc. (A)	911		30,519
Verrica Pharmaceuticals, Inc. (A)	866		5,629
Viatris, Inc.	20,060		192,977
Xeris Biopharma Holdings, Inc. (A)	3,057		4,983
Zoetis, Inc.	7,684		1,278,925
			25,627,076
			96,693,948
Industrials – 9.6%
Aerospace and defense – 1.7%
AAR Corp. (A)	646		35,239
Aerojet Rocketdyne Holdings, Inc. (A)	1,361		76,447
AeroVironment, Inc. (A)	442		40,514
AerSale Corp. (A)	752		12,949
Applied Energetics, Inc. (A)	872		1,912
Archer Aviation, Inc., Class A (A)	3,543		10,133
Astronics Corp. (A)	623		8,323
Axon Enterprise, Inc. (A)	1,177		264,648
BWX Technologies, Inc.	1,529		96,388
Cadre Holdings, Inc.	486		10,468
Curtiss-Wright Corp.	627		110,515
Ducommun, Inc. (A)	264		14,443
General Dynamics Corp.	4,498		1,026,489
HEICO Corp.	886		151,541
HEICO Corp., Class A	1,335		181,427
Hexcel Corp.	1,437		98,075
Howmet Aerospace, Inc.	6,864		290,828
Huntington Ingalls Industries, Inc.	616		127,524
Innovative Solutions and Support, Inc. (A)	46		338
Kaman Corp.	551		12,596
Kratos Defense & Security Solutions, Inc. (A)	2,288		30,842
L3Harris Technologies, Inc.	3,145		617,175

 

295

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
Lockheed Martin Corp.	4,150	$	1,961,830
Maxar Technologies, Inc.	1,251		63,876
Mercury Systems, Inc. (A)	964		49,280
Moog, Inc., Class A	512		51,584
National Presto Industries, Inc.	159		11,462
Northrop Grumman Corp.	2,538		1,171,845
Park Aerospace Corp.	423		5,689
Parsons Corp. (A)	1,719		76,908
Raytheon Technologies Corp.	24,228		2,372,648
Redwire Corp. (A)	1,008		3,054
Rocket Lab USA, Inc. (A)	7,533		30,433
Spirit AeroSystems Holdings, Inc., Class A	1,758		60,704
Terran Orbital Corp. (A)	1,845		3,395
Textron, Inc.	3,515		248,264
The Boeing Company (A)	9,730		2,066,944
TransDigm Group, Inc.	891		656,712
Triumph Group, Inc. (A)	1,030		11,938
V2X, Inc. (A)	395		15,689
Virgin Galactic Holdings, Inc. (A)	4,158		16,840
Woodward, Inc.	1,023		99,610
			12,197,519
Air freight and logistics – 0.6%
Air T, Inc. (A)	8		194
Air Transport Services Group, Inc. (A)	1,275		26,558
CH Robinson Worldwide, Inc.	2,038		202,516
Expeditors International of Washington, Inc.	2,694		296,663
FedEx Corp.	4,259		973,139
Forward Air Corp.	458		49,354
GXO Logistics, Inc. (A)	1,949		98,347
Hub Group, Inc., Class A (A)	546		45,831
United Parcel Service, Inc., Class B	11,990		2,325,940
			4,018,542
Building products – 0.6%
A.O. Smith Corp.	2,142		148,119
AAON, Inc.	912		88,181
Advanced Drainage Systems, Inc.	1,345		113,262
Allegion PLC	1,428		152,410
American Woodmark Corp. (A)	296		15,413
Apogee Enterprises, Inc.	449		19,419
Armstrong World Industries, Inc.	794		56,565
AZZ, Inc.	475		19,589
Builders FirstSource, Inc. (A)	2,581		229,141
Carlisle Companies, Inc.	805		181,986
Carrier Global Corp.	13,840		633,180
CSW Industrials, Inc.	278		38,623
Fortune Brands Innovations, Inc.	2,154		126,504
Gibraltar Industries, Inc. (A)	573		27,791
Griffon Corp.	992		31,754
Hayward Holdings, Inc. (A)	3,667		42,977
Insteel Industries, Inc.	385		10,711
Janus International Group, Inc. (A)	1,981		19,533
JELD-WEN Holding, Inc. (A)	1,496		18,939
Johnson Controls International PLC	11,295		680,185
Lennox International, Inc.	586		147,250
Masco Corp.	3,742		186,052
Masterbrand, Inc. (A)	2,215		17,809
Owens Corning	1,592		152,514
PGT Innovations, Inc. (A)	1,094		27,470
Quanex Building Products Corp.	554		11,928
Resideo Technologies, Inc. (A)	2,453		44,841
Simpson Manufacturing Company, Inc.	733		80,366
The AZEK Company, Inc. (A)	2,505		58,968
Trane Technologies PLC	3,723		684,958

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Trex Company, Inc. (A)	1,837	$	89,407
UFP Industries, Inc.	1,020		81,059
View, Inc. (A)	3,390		1,695
Zurn Elkay Water Solutions Corp.	2,540		54,254
			4,292,853
Commercial services and supplies – 0.6%
ABM Industries, Inc.	1,114		50,063
ACCO Brands Corp.	1,727		9,188
ACV Auctions, Inc., Class A (A)	1,990		25,691
Aris Water Solutions, Inc., Class A	321		2,501
Aurora Innovation, Inc. (A)	12,640		17,570
Brady Corp., Class A	813		43,682
BrightView Holdings, Inc. (A)	1,734		9,745
Casella Waste Systems, Inc., Class A (A)	868		71,749
CECO Environmental Corp. (A)	691		9,667
Cintas Corp.	1,661		768,511
Civeo Corp. (A)	151		3,118
Clean Harbors, Inc. (A)	897		127,876
Copart, Inc. (A)	7,791		585,961
CoreCivic, Inc. (A)	2,098		19,302
Deluxe Corp.	765		12,240
Driven Brands Holdings, Inc. (A)	2,702		81,898
Ennis, Inc.	447		9,427
Harsco Corp. (A)	1,442		9,849
Healthcare Services Group, Inc.	1,315		18,239
Heritage-Crystal Clean, Inc. (A)	453		16,131
HNI Corp.	720		20,045
Interface, Inc.	1,138		9,241
KAR Auction Services, Inc. (A)	1,993		27,264
Kimball International, Inc., Class B	777		9,635
Liquidity Services, Inc. (A)	635		8,363
Matthews International Corp., Class A	551		19,869
MillerKnoll, Inc.	1,294		26,462
Montrose Environmental Group, Inc. (A)	455		16,230
MSA Safety, Inc.	647		86,375
NL Industries, Inc.	1,028		6,230
Odyssey Marine Exploration, Inc. (A)	197		640
Performant Financial Corp. (A)	662		2,251
Pitney Bowes, Inc.	3,034		11,802
Quad/Graphics, Inc. (A)	985		4,226
Quest Resource Holding Corp. (A)	138		847
Republic Services, Inc.	5,163		698,141
Rollins, Inc.	8,106		304,218
SP Plus Corp. (A)	371		12,722
Steelcase, Inc., Class A	1,640		13,809
Stericycle, Inc. (A)	1,551		67,639
Tetra Tech, Inc.	889		130,603
The Brink's Company	790		52,772
The GEO Group, Inc. (A)	2,079		16,403
UniFirst Corp.	249		43,881
Viad Corp. (A)	380		7,919
VSE Corp.	270		12,123
Waste Management, Inc.	6,776		1,105,640
			4,607,758
Construction and engineering – 0.2%
AECOM	2,319		195,538
Ameresco, Inc., Class A (A)	584		28,744
API Group Corp. (A)	3,703		83,243
Arcosa, Inc.	836		52,760
Argan, Inc.	313		12,667
Bowman Consulting Group, Ltd. (A)	110		3,158
Comfort Systems USA, Inc.	610		89,036
Concrete Pumping Holdings, Inc. (A)	615		4,182
Construction Partners, Inc., Class A (A)	756		20,367
Dycom Industries, Inc. (A)	494		46,263

 

296

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (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)
EMCOR Group, Inc.	823	$	133,812
Fluor Corp. (A)	2,369		73,226
Granite Construction, Inc.	774		31,796
Great Lakes Dredge & Dock Corp. (A)	1,412		7,667
IES Holdings, Inc. (A)	429		18,486
Innovate Corp. (A)	1,028		3,053
Limbach Holdings, Inc. (A)	117		2,024
MasTec, Inc. (A)	1,295		122,300
Matrix Service Company (A)	663		3,580
MDU Resources Group, Inc.	3,410		103,937
MYR Group, Inc. (A)	310		39,063
Northwest Pipe Company (A)	240		7,495
Orion Group Holdings, Inc. (A)	985		2,551
Primoris Services Corp.	1,003		24,734
Quanta Services, Inc.	2,357		392,770
Sterling Infrastructure, Inc. (A)	579		21,933
Tutor Perini Corp. (A)	1,033		6,374
Valmont Industries, Inc.	334		106,640
WillScot Mobile Mini Holdings Corp. (A)	3,540		165,955
			1,803,354
Electrical equipment – 0.7%
Acuity Brands, Inc.	541		98,857
Allied Motion Technologies, Inc.	303		11,711
American Superconductor Corp. (A)	626		3,074
AMETEK, Inc.	3,767		547,458
Array Technologies, Inc. (A)	2,420		52,950
Atkore, Inc. (A)	685		96,229
Babcock & Wilcox Enterprises, Inc. (A)	1,297		7,860
Blink Charging Company (A)(B)	824		7,128
Bloom Energy Corp., Class A (A)	2,933		58,455
Capstone Green Energy Corp. (A)	503		669
ChargePoint Holdings, Inc. (A)(B)	5,450		57,062
Eaton Corp. PLC	6,533		1,119,364
Emerson Electric Company	9,695		844,822
Encore Wire Corp.	323		59,862
Energy Vault Holdings, Inc. (A)	2,063		4,415
EnerSys	704		61,164
Enovix Corp. (A)	2,531		37,737
ESS Tech, Inc. (A)	2,241		3,115
Fluence Energy, Inc. (A)	1,920		38,880
FTC Solar, Inc. (A)	1,558		3,506
FuelCell Energy, Inc. (A)	6,492		18,502
Generac Holdings, Inc. (A)	1,055		113,951
GrafTech International, Ltd.	4,159		20,213
Hubbell, Inc.	883		214,843
Ideal Power, Inc. (A)	47		491
KULR Technology Group, Inc. (A)	1,492		1,309
LSI Industries, Inc.	323		4,499
NuScale Power Corp. (A)	825		7,499
nVent Electric PLC	2,769		118,901
Orion Energy Systems, Inc. (A)	915		1,857
Plug Power, Inc. (A)	9,539		111,797
Powell Industries, Inc.	245		10,435
Preformed Line Products Company	95		12,164
Regal Rexnord Corp.	1,104		155,366
Rockwell Automation, Inc.	1,892		555,207
Sensata Technologies Holding PLC	2,479		124,000
SES AI Corp. (A)	4,593		13,549
Shoals Technologies Group, Inc., Class A (A)	1,878		42,800
Stem, Inc. (A)(B)	2,447		13,874
SunPower Corp. (A)	2,885		39,928
Sunrun, Inc. (A)	3,514		70,807
Sunworks, Inc. (A)	718		1,034

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Thermon Group Holdings, Inc. (A)	624	$	15,550
TPI Composites, Inc. (A)	773		10,088
Vertiv Holdings Company	6,050		86,576
Vicor Corp. (A)	554		26,005
			4,905,563
Ground transportation – 1.0%
ArcBest Corp.	422		39,001
Avis Budget Group, Inc. (A)	683		133,048
Covenant Logistics Group, Inc.	203		7,190
CSX Corp.	35,098		1,050,834
Daseke, Inc. (A)	1,184		9,152
FTAI Infrastructure, Inc.	1,753		5,259
Heartland Express, Inc.	1,446		23,020
Hertz Global Holdings, Inc. (A)	5,240		85,360
JB Hunt Transport Services, Inc.	1,709		299,861
Knight-Swift Transportation Holdings, Inc.	2,642		149,484
Landstar System, Inc.	521		93,394
Lyft, Inc., Class A (A)	5,711		52,941
Marten Transport, Ltd.	1,419		29,728
Norfolk Southern Corp.	3,843		814,716
Old Dominion Freight Line, Inc.	1,836		625,782
PAM Transportation Services, Inc. (A)	403		11,538
RXO, Inc. (A)	1,938		38,062
Ryder System, Inc.	826		73,712
Saia, Inc. (A)	439		119,443
Schneider National, Inc., Class B	1,620		43,335
TuSimple Holdings, Inc., Class A (A)	3,576		5,257
Uber Technologies, Inc. (A)	32,470		1,029,299
U-Haul Holding Company	326		19,446
U-Haul Holding Company, Series N	2,763		143,262
Union Pacific Corp.	9,945		2,001,531
Universal Logistics Holdings, Inc.	464		13,526
Werner Enterprises, Inc.	858		39,030
XPO, Inc. (A)	1,907		60,833
Yellow Corp. (A)	875		1,776
			7,018,820
Industrial conglomerates – 0.7%
3M Company	9,325		980,151
General Electric Company	17,971		1,718,028
Honeywell International, Inc.	11,046		2,111,112
			4,809,291
Machinery – 1.9%
3D Systems Corp. (A)	2,231		23,916
AGCO Corp.	1,208		163,322
Alamo Group, Inc.	213		39,226
Albany International Corp., Class A	537		47,986
Allison Transmission Holdings, Inc.	1,320		59,717
Astec Industries, Inc.	412		16,995
Barnes Group, Inc.	889		35,809
Caterpillar, Inc.	8,393		1,920,654
Chart Industries, Inc. (A)	609		76,369
CIRCOR International, Inc. (A)	400		12,448
Columbus McKinnon Corp.	532		19,769
Commercial Vehicle Group, Inc. (A)	752		5,490
Crane Holdings Company	950		107,825
Cummins, Inc.	2,294		547,991
Deere & Company	4,816		1,988,430
Desktop Metal, Inc., Class A (A)(B)	4,586		10,548
Donaldson Company, Inc.	2,008		131,203
Douglas Dynamics, Inc.	425		13,553
Dover Corp.	2,215		336,547
Energy Recovery, Inc. (A)	1,056		24,341
Enerpac Tool Group Corp.	1,011		25,781

 

297

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
EnPro Industries, Inc.	363	$	37,712
Esab Corp.	892		52,690
ESCO Technologies, Inc.	443		42,284
Evoqua Water Technologies Corp. (A)	2,044		101,628
Federal Signal Corp.	1,034		56,053
Flowserve Corp.	2,207		75,038
Fortive Corp.	5,839		398,045
Franklin Electric Company, Inc.	787		74,057
Gates Industrial Corp. PLC (A)	4,875		67,714
Gencor Industries, Inc. (A)	339		5,210
Graco, Inc.	2,830		206,618
Graham Corp. (A)	310		4,055
Helios Technologies, Inc.	569		37,213
Hillenbrand, Inc.	1,194		56,751
Hillman Solutions Corp. (A)	2,839		23,904
Hurco Companies, Inc.	183		4,634
Hydrofarm Holdings Group, Inc. (A)	633		1,095
Hyliion Holdings Corp. (A)	2,439		4,829
Hyster-Yale Materials Handling, Inc.	272		13,570
Hyzon Motors, Inc. (A)	3,912		3,189
IDEX Corp.	1,112		256,905
Illinois Tool Works, Inc.	5,076		1,235,752
Ingersoll Rand, Inc.	6,674		388,293
ITT, Inc.	1,389		119,871
John Bean Technologies Corp.	542		59,235
Kadant, Inc.	210		43,789
Kennametal, Inc.	1,405		38,750
LB Foster Company, Class A (A)	298		3,421
Lincoln Electric Holdings, Inc.	847		143,228
Lindsay Corp.	190		28,715
Mayville Engineering Company, Inc. (A)	441		6,580
Microvast Holdings, Inc. (A)	5,831		7,230
Miller Industries, Inc.	293		10,358
Mueller Industries, Inc.	832		61,135
Mueller Water Products, Inc., Class A	2,820		39,311
Nikola Corp. (A)(B)	7,765		9,396
NN, Inc. (A)	766		820
Nordson Corp.	841		186,921
Omega Flex, Inc.	199		22,177
Oshkosh Corp.	1,051		87,422
Otis Worldwide Corp.	6,947		586,327
PACCAR, Inc.	8,541		625,201
Parker-Hannifin Corp.	2,109		708,856
Park-Ohio Holdings Corp.	316		3,817
Proto Labs, Inc. (A)	501		16,608
RBC Bearings, Inc. (A)	483		112,409
REV Group, Inc.	1,120		13,429
Snap-on, Inc.	835		206,153
SPX Technologies, Inc. (A)	785		55,405
Standex International Corp.	223		27,304
Stanley Black & Decker, Inc.	2,446		197,099
Symbotic, Inc. (A)	872		19,916
Tennant Company	359		24,602
Terex Corp.	1,141		55,202
The Eastern Company	202		3,935
The Gorman-Rupp Company	562		14,050
The Greenbrier Companies, Inc.	566		18,208
The Manitowoc Company, Inc. (A)	748		12,783
The Middleby Corp. (A)	899		131,802
The Shyft Group, Inc.	664		15,106
The Timken Company	1,236		101,006
The Toro Company	1,675		186,193
Titan International, Inc. (A)	1,133		11,874
Trinity Industries, Inc.	1,368		33,324
Twin Disc, Inc. (A)	63		606

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Velo3D, Inc. (A)(B)	2,999	$	6,808
Wabash National Corp.	849		20,877
Wabtec Corp.	3,010		304,191
Watts Water Technologies, Inc., Class A	470		79,110
Xylem, Inc.	2,966		310,540
			13,526,259
Marine transportation – 0.0%
Eagle Bulk Shipping, Inc.	242		11,011
Kirby Corp. (A)	1,000		69,700
Matson, Inc.	636		37,950
			118,661
Passenger airlines – 0.2%
Alaska Air Group, Inc. (A)	2,102		88,200
Allegiant Travel Company (A)	324		29,802
American Airlines Group, Inc. (A)(B)	10,688		157,648
Blade Air Mobility, Inc. (A)	670		2,265
Delta Air Lines, Inc. (A)	10,517		367,254
Frontier Group Holdings, Inc. (A)	3,341		32,875
Hawaiian Holdings, Inc. (A)	993		9,096
JetBlue Airways Corp. (A)	5,595		40,732
Joby Aviation, Inc. (A)(B)	10,208		44,303
Mesa Air Group, Inc. (A)	734		1,740
SkyWest, Inc. (A)	997		22,103
Southwest Airlines Company	9,770		317,916
Spirit Airlines, Inc.	1,571		26,974
Sun Country Airlines Holdings, Inc. (A)	754		15,457
United Airlines Holdings, Inc. (A)	5,367		237,490
Wheels Up Experience, Inc. (A)	3,473		2,198
			1,396,053
Professional services – 1.0%
Alight, Inc., Class A (A)	7,207		66,376
ASGN, Inc. (A)	834		68,947
Atlas Technical Consultants, Inc. (A)	548		6,680
Automatic Data Processing, Inc.	6,807		1,515,442
Barrett Business Services, Inc.	138		12,232
BlackSky Technology, Inc. (A)	1,620		2,430
Booz Allen Hamilton Holding Corp.	2,167		200,859
Broadridge Financial Solutions, Inc.	1,924		282,001
CACI International, Inc., Class A (A)	337		99,846
CBIZ, Inc. (A)	893		44,195
Concentrix Corp.	861		104,655
Conduent, Inc. (A)	3,930		13,480
CoStar Group, Inc. (A)	6,498		447,387
CRA International, Inc.	128		13,801
CSG Systems International, Inc.	542		29,105
DLH Holdings Corp. (A)	8		92
Dun & Bradstreet Holdings, Inc.	7,238		84,974
Equifax, Inc.	2,009		407,506
EXL Service Holdings, Inc. (A)	546		88,359
Exponent, Inc.	851		84,836
First Advantage Corp. (A)	2,298		32,080
FiscalNote Holdings, Inc. (A)	1,892		4,219
Forrester Research, Inc. (A)	350		11,323
Franklin Covey Company (A)	263		10,118
FTI Consulting, Inc. (A)	525		103,609
Genpact, Ltd.	3,030		140,047
Heidrick & Struggles International, Inc.	391		11,871
HireQuest, Inc.	58		1,251
HireRight Holdings Corp. (A)	1,195		12,679
Huron Consulting Group, Inc. (A)	355		28,531
IBEX Holdings, Ltd. (A)	196		4,782
ICF International, Inc.	314		34,446
Innodata, Inc. (A)	187		1,597
Insperity, Inc.	637		77,427

 

298

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Jacobs Solutions, Inc.	2,106	$	247,476
KBR, Inc.	2,319		127,661
Kelly Services, Inc., Class A	696		11,547
Kforce, Inc.	374		23,652
Korn Ferry	900		46,566
Legalzoom.com, Inc. (A)	3,194		29,960
Leidos Holdings, Inc.	2,233		205,570
ManpowerGroup, Inc.	864		71,306
Maximus, Inc.	1,007		79,251
Mistras Group, Inc. (A)	754		5,112
Paychex, Inc.	5,898		675,852
Planet Labs PBC (A)	3,837		15,079
RCM Technologies, Inc. (A)	29		335
Red Violet, Inc. (A)	179		3,150
Resources Connection, Inc.	615		10,492
Robert Half International, Inc.	1,805		145,429
Science Applications International Corp.	855		91,878
Skillsoft Corp. (A)	2,271		4,542
Spire Global, Inc. (A)	2,065		1,379
SS&C Technologies Holdings, Inc.	4,202		237,287
StarTek, Inc. (A)	653		2,697
Sterling Check Corp. (A)	1,501		16,736
TaskUS, Inc., Class A (A)	505		7,292
TransUnion	3,172		197,108
TriNet Group, Inc. (A)	1,030		83,028
TrueBlue, Inc. (A)	614		10,929
TTEC Holdings, Inc.	804		29,933
Upwork, Inc. (A)	2,209		25,006
Verisk Analytics, Inc.	2,582		495,383
Verra Mobility Corp. (A)	2,598		43,958
Willdan Group, Inc. (A)	264		4,124
			6,996,901
Trading companies and distributors – 0.4%
Air Lease Corp.	1,861		73,268
Alta Equipment Group, Inc.	306		4,850
Applied Industrial Technologies, Inc.	635		90,253
Beacon Roofing Supply, Inc. (A)	1,112		65,441
BlueLinx Holdings, Inc. (A)	113		7,679
Boise Cascade Company	662		41,872
Core & Main, Inc., Class A (A)	2,900		66,990
Distribution Solutions Group, Inc. (A)	270		12,274
DXP Enterprises, Inc. (A)	379		10,203
EVI Industries, Inc. (A)	239		4,732
Fastenal Company	9,483		511,513
GATX Corp.	572		62,931
Global Industrial, Inc.	669		17,956
GMS, Inc. (A)	735		42,549
H&E Equipment Services, Inc.	629		27,821
Herc Holdings, Inc.	499		56,836
Hudson Technologies, Inc. (A)	536		4,679
Karat Packaging, Inc.	141		1,880
McGrath RentCorp	425		39,657
MRC Global, Inc. (A)	1,509		14,667
MSC Industrial Direct Company, Inc., Class A	705		59,220
NOW, Inc. (A)	1,992		22,211
Rush Enterprises, Inc., Class A	908		49,577
SiteOne Landscape Supply, Inc. (A)	755		103,337
Textainer Group Holdings, Ltd.	801		25,720
Titan Machinery, Inc. (A)	402		12,241
United Rentals, Inc.	1,148		454,332
Univar Solutions, Inc. (A)	2,809		98,399
Veritiv Corp.	241		32,569
W.W. Grainger, Inc.	825		568,268
Watsco, Inc.	554		176,261

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
WESCO International, Inc.	843	$	130,277
Willis Lease Finance Corp. (A)	25		1,370
Xometry, Inc., Class A (A)	675		10,105
			2,901,938
			68,593,512
Information technology – 24.0%
Communications equipment – 0.9%
ADTRAN Holdings, Inc.	1,059		16,796
Applied Optoelectronics, Inc. (A)	524		1,158
Arista Networks, Inc. (A)	4,996		838,629
Aviat Networks, Inc. (A)	36		1,241
CalAmp Corp. (A)	804		2,886
Calix, Inc. (A)	1,082		57,984
Cambium Networks Corp. (A)	513		9,090
Casa Systems, Inc. (A)	1,938		2,461
Ciena Corp. (A)	2,441		128,201
Cisco Systems, Inc.	66,772		3,490,506
Clearfield, Inc. (A)	239		11,133
CommScope Holding Company, Inc. (A)	3,501		22,301
Comtech Telecommunications Corp.	548		6,839
Digi International, Inc. (A)	613		20,646
DZS, Inc. (A)	566		4,466
Extreme Networks, Inc. (A)	2,202		42,102
F5, Inc. (A)	982		143,068
Harmonic, Inc. (A)	1,827		26,656
Infinera Corp. (A)	3,517		27,292
Inseego Corp. (A)	1,798		1,047
Juniper Networks, Inc.	5,293		182,185
KVH Industries, Inc. (A)	504		5,736
Lantronix, Inc. (A)	337		1,463
Lumentum Holdings, Inc. (A)	1,134		61,247
Motorola Solutions, Inc.	2,732		781,707
NETGEAR, Inc. (A)	540		9,995
NetScout Systems, Inc. (A)	1,205		34,523
Powerwave Technologies, Inc. (A)(C)	912		0
Ribbon Communications, Inc. (A)	2,627		8,984
Viasat, Inc. (A)	1,275		43,146
Viavi Solutions, Inc. (A)	3,860		41,804
			6,025,292
Electronic equipment, instruments and components – 0.8%
908 Devices, Inc. (A)	445		3,827
Advanced Energy Industries, Inc.	629		61,642
Aeva Technologies, Inc. (A)	3,059		3,640
Akoustis Technologies, Inc. (A)	872		2,686
Amphenol Corp., Class A	9,753		797,015
Arlo Technologies, Inc. (A)	1,497		9,072
Arrow Electronics, Inc. (A)	946		118,127
Avnet, Inc.	1,581		71,461
Badger Meter, Inc.	491		59,814
Bel Fuse, Inc., Class B	224		8,418
Belden, Inc.	729		63,255
Benchmark Electronics, Inc.	648		15,351
CDW Corp.	2,225		433,630
Cepton, Inc. (A)	2,308		1,072
Cognex Corp.	2,876		142,506
Coherent Corp. (A)	2,173		82,748
Corning, Inc.	13,899		490,357
CTS Corp.	560		27,698
Daktronics, Inc. (A)	1,227		6,957
ePlus, Inc. (A)	342		16,772
Evolv Technologies Holdings, Inc. (A)	2,210		6,895
FARO Technologies, Inc. (A)	367		9,032
Flex, Ltd. (A)	7,332		168,709
Identiv, Inc. (A)	146		896

 

299

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Insight Enterprises, Inc. (A)	564	$	80,629
IPG Photonics Corp. (A)	828		102,101
Iteris, Inc. (A)	1,032		4,840
Itron, Inc. (A)	770		42,697
Jabil, Inc.	2,265		199,682
Keysight Technologies, Inc. (A)	2,931		473,298
Kimball Electronics, Inc. (A)	462		11,134
Knowles Corp. (A)	1,589		27,013
Littelfuse, Inc.	406		108,845
Luna Innovations, Inc. (A)	333		2,394
Methode Electronics, Inc.	649		28,478
MicroVision, Inc. (A)(B)	2,624		7,006
Mirion Technologies, Inc. (A)	2,986		25,500
Napco Security Technologies, Inc. (A)	650		24,427
National Instruments Corp.	2,209		115,774
Netlist, Inc. (A)	3,719		13,797
nLight, Inc. (A)	848		8,633
Novanta, Inc. (A)	593		94,340
OSI Systems, Inc. (A)	287		29,377
PAR Technology Corp. (A)	404		13,720
PC Connection, Inc.	492		22,120
Plexus Corp. (A)	440		42,931
Powerfleet, Inc. (A)	304		1,043
Richardson Electronics, Ltd.	77		1,719
Rogers Corp. (A)	310		50,663
Sanmina Corp. (A)	855		52,146
ScanSource, Inc. (A)	460		14,002
SmartRent, Inc. (A)	2,850		7,268
TD SYNNEX Corp.	1,563		151,283
Teledyne Technologies, Inc. (A)	777		347,599
Trimble, Inc. (A)	4,096		214,712
TTM Technologies, Inc. (A)	1,778		23,985
Vishay Intertechnology, Inc.	2,027		45,851
Vishay Precision Group, Inc. (A)	247		10,315
Vontier Corp.	2,602		71,139
Zebra Technologies Corp., Class A (A)	855		271,890
			5,343,931
IT services – 1.3%
Accenture PLC, Class A	10,701		3,058,453
Akamai Technologies, Inc. (A)	2,600		203,580
Amdocs, Ltd.	1,964		188,603
Backblaze, Inc., Class A (A)	179		904
BigCommerce Holdings, Inc., Series 1 (A)	1,168		10,442
Brightcove, Inc. (A)	902		4,014
Cloudflare, Inc., Class A (A)	4,654		286,966
Cognizant Technology Solutions Corp., Class A	8,500		517,905
Cyxtera Technologies, Inc. (A)	2,849		870
DigitalOcean Holdings, Inc. (A)	1,622		63,534
DXC Technology Company (A)	3,794		96,975
Edgio, Inc. (A)	3,318		2,625
EPAM Systems, Inc. (A)	942		281,658
Fastly, Inc., Class A (A)	1,995		35,431
Gartner, Inc. (A)	1,296		422,198
GoDaddy, Inc., Class A (A)	2,554		198,497
Grid Dynamics Holdings, Inc. (A)	1,067		12,228
IBM Corp.	14,793		1,939,214
Information Services Group, Inc.	1,038		5,283
Kyndryl Holdings, Inc. (A)	3,641		53,741
MongoDB, Inc. (A)	1,119		260,861
Okta, Inc. (A)	2,498		215,428
Perficient, Inc. (A)	584		42,159
Rackspace Technology, Inc. (A)	3,379		6,353

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
Snowflake, Inc., Class A (A)	5,247	$	809,560
Squarespace, Inc., Class A (A)	1,525		48,449
The Glimpse Group, Inc. (A)	48		180
The Hackett Group, Inc.	589		10,885
Thoughtworks Holding, Inc. (A)	5,068		37,300
Twilio, Inc., Class A (A)	2,857		190,362
Unisys Corp. (A)	1,317		5,110
VeriSign, Inc. (A)	1,754		370,673
			9,380,441
Semiconductors and semiconductor equipment – 5.5%
ACM Research, Inc., Class A (A)	1,003		11,735
Advanced Micro Devices, Inc. (A)	26,454		2,592,757
Aehr Test Systems (A)	421		13,059
Allegro MicroSystems, Inc. (A)	3,168		152,032
Alpha & Omega Semiconductor, Ltd. (A)	487		13,125
Ambarella, Inc. (A)	642		49,704
Amkor Technology, Inc.	4,048		105,329
Analog Devices, Inc.	8,424		1,661,381
Applied Materials, Inc.	14,095		1,731,289
Atomera, Inc. (A)	385		2,452
Axcelis Technologies, Inc. (A)	550		73,288
AXT, Inc. (A)	287		1,142
Broadcom, Inc.	6,792		4,357,340
CEVA, Inc. (A)	442		13,450
Cirrus Logic, Inc. (A)	781		85,426
Cohu, Inc. (A)	842		32,324
Diodes, Inc. (A)	757		70,219
Enphase Energy, Inc. (A)	2,221		467,032
Entegris, Inc.	2,452		201,089
Everspin Technologies, Inc. (A)	78		531
First Solar, Inc. (A)	1,746		379,755
FormFactor, Inc. (A)	1,299		41,373
GlobalFoundries, Inc. (A)(B)	8,854		639,082
Ichor Holdings, Ltd. (A)	384		12,572
Impinj, Inc. (A)	423		57,325
Intel Corp.	67,236		2,196,600
KLA Corp.	2,322		926,873
Kopin Corp. (A)	1,136		1,238
Kulicke & Soffa Industries, Inc.	961		50,635
Lam Research Corp.	2,244		1,189,589
Lattice Semiconductor Corp. (A)	2,262		216,021
MACOM Technology Solutions Holdings, Inc. (A)	1,158		82,033
Marvell Technology, Inc.	13,989		605,724
MaxLinear, Inc. (A)	1,322		46,548
Meta Materials, Inc. (A)	5,869		2,392
Microchip Technology, Inc.	9,055		758,628
Micron Technology, Inc.	18,068		1,090,223
MKS Instruments, Inc.	1,042		92,342
Monolithic Power Systems, Inc.	768		384,415
NVE Corp.	86		7,137
NVIDIA Corp.	39,984		11,106,356
ON Semiconductor Corp. (A)	7,109		585,213
Onto Innovation, Inc. (A)	832		73,116
PDF Solutions, Inc. (A)	654		27,730
Photronics, Inc. (A)	1,065		17,658
Pixelworks, Inc. (A)	598		885
Power Integrations, Inc.	950		80,408
Qorvo, Inc. (A)	1,695		172,161
Qualcomm, Inc.	18,392		2,346,451
Rambus, Inc. (A)	1,834		94,011
Semtech Corp. (A)	1,046		25,250
Silicon Laboratories, Inc. (A)	567		99,276
SiTime Corp. (A)	340		48,358
SkyWater Technology, Inc. (A)	651		7,408

 

300

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Skyworks Solutions, Inc.	2,632	$	310,523
SMART Global Holdings, Inc. (A)	881		15,188
Synaptics, Inc. (A)	659		73,248
Teradyne, Inc.	2,585		277,913
Texas Instruments, Inc.	14,947		2,780,291
Ultra Clean Holdings, Inc. (A)	780		25,865
Universal Display Corp.	788		122,242
Veeco Instruments, Inc. (A)	900		19,017
Wolfspeed, Inc. (A)	2,039		132,433
			38,856,210
Software – 9.3%
8x8, Inc. (A)	2,080		8,674
A10 Networks, Inc.	1,300		20,137
ACI Worldwide, Inc. (A)	1,918		51,748
Adeia, Inc.	1,869		16,559
Adobe, Inc. (A)	7,441		2,867,538
Agilysys, Inc. (A)	424		34,984
Alarm.com Holdings, Inc. (A)	836		42,034
Alkami Technology, Inc. (A)	1,353		17,129
Altair Engineering, Inc., Class A (A)	892		64,322
Alteryx, Inc., Class A (A)	1,007		59,252
American Software, Inc., Class A	618		7,793
Amplitude, Inc., Class A (A)	1,146		14,256
ANSYS, Inc. (A)	1,430		475,904
Appfolio, Inc., Class A (A)	342		42,572
Appian Corp., Class A (A)	703		31,199
Applied Digital Corp. (A)	1,358		3,042
AppLovin Corp., Class A (A)	4,899		77,159
Arteris, Inc. (A)	256		1,083
Asana, Inc., Class A (A)	2,165		45,746
Aspen Technology, Inc. (A)	1,065		243,747
Asure Software, Inc. (A)	122		1,769
Atlassian Corp., Class A (A)	2,440		417,655
Autodesk, Inc. (A)	3,539		736,678
AvePoint, Inc. (A)	2,600		10,712
Bentley Systems, Inc., Class B	4,577		196,765
BILL Holdings, Inc. (A)	1,708		138,587
Black Knight, Inc. (A)	2,567		147,757
Blackbaud, Inc. (A)	885		61,331
Blackline, Inc. (A)	994		66,747
Blend Labs, Inc., Class A (A)	3,398		3,385
Box, Inc., Class A (A)	2,356		63,117
Braze, Inc., Class A (A)	895		30,940
c3.ai, Inc., Class A (A)(B)	1,819		61,064
Cadence Design Systems, Inc. (A)	4,490		943,304
CCC Intelligent Solutions Holdings, Inc. (A)	9,972		89,449
Cerence, Inc. (A)	696		19,551
Ceridian HCM Holding, Inc. (A)	2,524		184,807
Clear Secure, Inc., Class A	1,377		36,036
Clearwater Analytics Holdings, Inc., Class A (A)	1,001		15,976
CommVault Systems, Inc. (A)	745		42,271
Confluent, Inc., Class A (A)	2,348		56,516
Consensus Cloud Solutions, Inc. (A)	297		10,125
CoreCard Corp. (A)	182		5,484
Couchbase, Inc. (A)	674		9,476
Crowdstrike Holdings, Inc., Class A (A)	3,529		484,391
CS Disco, Inc. (A)	897		5,956
Cvent Holding Corp. (A)	7,673		64,146
Datadog, Inc., Class A (A)	4,779		347,242
Digimarc Corp. (A)	294		5,777
Digital Turbine, Inc. (A)	1,591		19,665
DocuSign, Inc. (A)	3,306		192,740
Dolby Laboratories, Inc., Class A	1,016		86,787

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Domo, Inc., Class B (A)	570	$	8,088
DoubleVerify Holdings, Inc. (A)	2,579		77,757
Dropbox, Inc., Class A (A)	4,530		97,939
Dynatrace, Inc. (A)	4,725		199,868
E2open Parent Holdings, Inc. (A)	4,487		26,114
Ebix, Inc.	450		5,936
eGain Corp. (A)	659		5,002
Elastic NV (A)	1,554		89,977
Embark Technology, Inc. (A)	485		1,363
Enfusion, Inc., Class A (A)	950		9,975
EngageSmart, Inc. (A)	2,600		50,050
Envestnet, Inc. (A)	921		54,035
Everbridge, Inc. (A)	671		23,264
EverCommerce, Inc. (A)	3,253		34,417
Expensify, Inc., Class A (A)	980		7,987
Fair Isaac Corp. (A)	415		291,616
Five9, Inc. (A)	1,163		84,073
ForgeRock, Inc., Class A (A)	808		16,645
Fortinet, Inc. (A)	12,935		859,660
Freshworks, Inc., Class A (A)	2,458		37,755
Gen Digital, Inc.	10,150		174,174
Gitlab, Inc., Class A (A)	1,439		49,343
Guidewire Software, Inc. (A)	1,386		113,721
HashiCorp, Inc., Class A (A)	1,258		36,847
HubSpot, Inc. (A)	790		338,713
Informatica, Inc., Class A (A)	3,953		64,829
Instructure Holdings, Inc. (A)	2,180		56,462
Intapp, Inc. (A)	971		43,540
InterDigital, Inc.	505		36,815
Intuit, Inc.	4,620		2,059,735
Jamf Holding Corp. (A)	1,836		35,655
JFrog, Ltd. (A)	1,675		32,998
Kaltura, Inc. (A)	1,498		2,876
LivePerson, Inc. (A)	1,279		5,640
LiveRamp Holdings, Inc. (A)	1,144		25,088
LiveVox Holdings, Inc. (A)	1,193		3,686
Manhattan Associates, Inc. (A)	1,036		160,425
Marathon Digital Holdings, Inc. (A)	1,897		16,542
Matterport, Inc. (A)	4,431		12,097
MeridianLink, Inc. (A)	1,186		20,518
Microsoft Corp.	120,989		34,881,129
MicroStrategy, Inc., Class A (A)	157		45,894
Mitek Systems, Inc. (A)	858		8,228
Model N, Inc. (A)	632		21,153
Momentive Global, Inc. (A)	2,552		23,785
N-able, Inc. (A)	3,105		40,986
nCino, Inc. (A)	1,764		43,712
NCR Corp. (A)	2,282		53,832
New Relic, Inc. (A)	1,119		84,250
NextNav, Inc. (A)	1,543		3,132
Nutanix, Inc., Class A (A)	3,704		96,267
Olo, Inc., Class A (A)	1,803		14,712
ON24, Inc. (A)	546		4,783
OneSpan, Inc. (A)	743		13,003
Oracle Corp.	44,140		4,101,489
PagerDuty, Inc. (A)	1,505		52,645
Palantir Technologies, Inc., Class A (A)	32,261		272,605
Palo Alto Networks, Inc. (A)	4,908		980,324
Paycom Software, Inc. (A)	986		299,754
Paycor HCM, Inc. (A)	2,922		77,491
Paylocity Holding Corp. (A)	910		180,890
Pegasystems, Inc.	1,377		66,757
Porch Group, Inc. (A)	1,606		2,297
PowerSchool Holdings, Inc., Class A (A)	3,254		64,494
Procore Technologies, Inc. (A)	2,210		138,412

 

301

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Progress Software Corp.	725	$	41,651
PROS Holdings, Inc. (A)	783		21,454
PTC, Inc. (A)	1,932		247,740
Q2 Holdings, Inc. (A)	981		24,152
Qualtrics International, Inc., Class A (A)	2,826		50,388
Qualys, Inc. (A)	634		82,433
Rapid7, Inc. (A)	989		45,405
Rimini Street, Inc. (A)	1,519		6,258
RingCentral, Inc., Class A (A)	1,429		43,827
Riot Platforms, Inc. (A)	2,534		25,315
Roper Technologies, Inc.	1,735		764,597
Rubicon Technologies, Inc. (A)	541		355
Salesforce, Inc. (A)	16,385		3,273,395
Samsara, Inc., Class A (A)	1,922		37,902
SecureWorks Corp., Class A (A)	542		4,645
SEMrush Holdings, Inc., Class A (A)	848		8,522
SentinelOne, Inc., Class A (A)	3,431		56,131
ServiceNow, Inc. (A)	3,311		1,538,688
ShotSpotter, Inc. (A)	239		9,397
Smartsheet, Inc., Class A (A)	2,165		103,487
Smith Micro Software, Inc. (A)	417		484
SolarWinds Corp. (A)	2,802		24,097
Splunk, Inc. (A)	2,677		256,671
Sprinklr, Inc., Class A (A)	2,024		26,231
Sprout Social, Inc., Class A (A)	784		47,730
SPS Commerce, Inc. (A)	594		90,466
SRAX, Inc. (A)	125		73
Sumo Logic, Inc. (A)	1,848		22,139
Synopsys, Inc. (A)	2,504		967,170
Telos Corp. (A)	1,050		2,657
Tenable Holdings, Inc. (A)	1,864		88,559
Teradata Corp. (A)	1,699		68,436
Tyler Technologies, Inc. (A)	684		242,574
UiPath, Inc., Class A (A)	7,709		135,370
Unity Software, Inc. (A)(B)	6,748		218,905
Upland Software, Inc. (A)	553		2,378
Varonis Systems, Inc. (A)	1,852		48,171
Verint Systems, Inc. (A)	1,108		41,262
Veritone, Inc. (A)	504		2,938
Vertex, Inc., Class A (A)	864		17,876
Viant Technology, Inc., Class A (A)	646		2,810
VirnetX Holding Corp. (A)	1,593		2,087
VMware, Inc., Class A (A)	6,920		863,962
Weave Communications, Inc. (A)	969		4,816
Workday, Inc., Class A (A)	3,300		681,582
Workiva, Inc. (A)	808		82,747
Xperi, Inc. (A)	833		9,105
Yext, Inc. (A)	2,165		20,806
Zeta Global Holdings Corp., Class A (A)	2,922		31,645
Zoom Video Communications, Inc., Class A (A)	4,121		304,295
Zscaler, Inc. (A)	2,333		272,564
Zuora, Inc., Class A (A)	2,245		22,181
			66,512,862
Technology hardware, storage and peripherals – 6.2%
Apple, Inc.	257,165		42,406,510
Avid Technology, Inc. (A)	804		25,712
Corsair Gaming, Inc. (A)	1,483		27,213
CPI Card Group, Inc. (A)	153		6,887
Dell Technologies, Inc., Class C	4,261		171,335
Diebold Nixdorf, Inc. (A)	790		948
Eastman Kodak Company (A)	845		3,465
Hewlett Packard Enterprise Company	21,188		337,525
HP, Inc.	16,516		484,745
Immersion Corp. (A)	731		6,535

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Intevac, Inc. (A)	711	$	5,212
IonQ, Inc. (A)	3,046		18,733
NetApp, Inc.	3,587		229,030
Pure Storage, Inc., Class A (A)	4,903		125,076
Seagate Technology Holdings PLC	3,356		221,899
Super Micro Computer, Inc. (A)	872		92,912
TransAct Technologies, Inc. (A)	26		161
Turtle Beach Corp. (A)	214		2,144
Western Digital Corp. (A)	5,196		195,733
Xerox Holdings Corp.	2,690		41,426
			44,403,201
			170,521,937
Materials – 2.9%
Chemicals – 1.8%
AdvanSix, Inc.	524		20,053
Air Products & Chemicals, Inc.	3,644		1,046,593
Albemarle Corp.	1,926		425,723
American Vanguard Corp.	632		13,828
Amyris, Inc. (A)(B)	5,405		7,351
Ashland, Inc.	882		90,590
Aspen Aerogels, Inc. (A)	612		4,559
Avient Corp.	1,554		63,963
Axalta Coating Systems, Ltd. (A)	3,693		111,861
Balchem Corp.	457		57,801
Cabot Corp.	965		73,958
Celanese Corp.	1,702		185,331
CF Industries Holdings, Inc.	3,285		238,130
Chase Corp.	194		20,318
Core Molding Technologies, Inc. (A)	20		360
Corteva, Inc.	11,797		711,477
CVR Nitrogen LP (A)(C)	1,086		195
Danimer Scientific, Inc. (A)	1,518		5,237
Diversey Holdings, Ltd. (A)	4,875		39,439
Dow, Inc.	11,811		647,479
DuPont de Nemours, Inc.	8,233		590,882
Eastman Chemical Company	2,054		173,234
Ecolab, Inc.	4,686		775,674
Ecovyst, Inc. (A)	2,475		27,349
Element Solutions, Inc.	3,435		66,330
Flotek Industries, Inc. (A)	921		635
FMC Corp.	2,092		255,496
FutureFuel Corp.	986		7,277
Ginkgo Bioworks Holdings, Inc. (A)(B)	22,649		30,123
Hawkins, Inc.	415		18,169
HB Fuller Company	912		62,426
Huntsman Corp.	3,388		92,696
Ingevity Corp. (A)	659		47,132
Innospec, Inc.	397		40,760
International Flavors & Fragrances, Inc.	4,203		386,508
Intrepid Potash, Inc. (A)	154		4,250
Koppers Holdings, Inc.	390		13,638
Kronos Worldwide, Inc.	2,074		19,102
Linde PLC	7,977		2,835,345
Livent Corp. (A)	2,960		64,291
LSB Industries, Inc. (A)	1,275		13,171
LyondellBasell Industries NV, Class A	5,293		496,960
Mativ Holdings, Inc.	986		21,169
Minerals Technologies, Inc.	469		28,337
NewMarket Corp.	118		43,068
Olin Corp.	2,402		133,311
Origin Materials, Inc. (A)	1,904		8,130
PPG Industries, Inc.	3,876		517,756
PureCycle Technologies, Inc. (A)(B)	2,459		17,213
Quaker Chemical Corp.	311		61,562
Rayonier Advanced Materials, Inc. (A)	1,194		7,486

 

302

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
RPM International, Inc.	2,026	$	176,748
Sensient Technologies Corp.	716		54,817
Sisecam Resources LP	78		1,959
Stepan Company	227		23,388
The Chemours Company	2,600		77,844
The Mosaic Company	5,701		261,562
The Scotts Miracle-Gro Company	934		65,137
The Sherwin-Williams Company	4,252		955,722
Trinseo PLC	506		10,550
Valhi, Inc.	518		9,018
Valvoline, Inc.	2,971		103,807
Westlake Chemical Partners LP	799		17,586
Westlake Corp.	2,089		242,282
			12,624,146
Construction materials – 0.1%
Eagle Materials, Inc.	636		93,333
Martin Marietta Materials, Inc.	984		349,379
Summit Materials, Inc., Class A (A)	2,228		63,476
United States Lime & Minerals, Inc.	114		17,407
Vulcan Materials Company	2,081		357,016
			880,611
Containers and packaging – 0.3%
AptarGroup, Inc.	916		108,262
Avery Dennison Corp.	1,341		239,945
Ball Corp.	5,183		285,635
Berry Global Group, Inc.	2,045		120,451
Crown Holdings, Inc.	2,006		165,916
Graphic Packaging Holding Company	5,165		131,656
Greif, Inc., Class A	804		50,949
International Paper Company	6,017		216,973
Myers Industries, Inc.	710		15,215
O-I Glass, Inc. (A)	2,612		59,319
Packaging Corp. of America	1,491		206,996
Pactiv Evergreen, Inc.	2,656		21,248
Ranpak Holdings Corp. (A)	1,215		6,342
Sealed Air Corp.	2,299		105,547
Silgan Holdings, Inc.	1,565		83,994
Sonoco Products Company	1,488		90,768
TriMas Corp.	806		22,455
Westrock Company	4,256		129,680
			2,061,351
Metals and mining – 0.7%
5E Advanced Materials, Inc. (A)	637		3,453
Alcoa Corp.	2,975		126,616
Alpha Metallurgical Resources, Inc.	291		45,396
Arconic Corp. (A)	1,745		45,771
ATI, Inc. (A)	2,186		86,260
Carpenter Technology Corp.	855		38,270
Century Aluminum Company (A)	1,672		16,720
Cleveland-Cliffs, Inc. (A)	8,565		156,996
Coeur Mining, Inc. (A)	4,942		19,719
Commercial Metals Company	1,876		91,736
Compass Minerals International, Inc.	664		22,769
Dakota Gold Corp. (A)	1,069		3,870
Freeport-McMoRan, Inc.	23,456		959,585
Gatos Silver, Inc. (A)	1,095		7,150
Haynes International, Inc.	261		13,073
Hecla Mining Company	9,827		62,205
Kaiser Aluminum Corp.	289		21,568
Materion Corp.	365		42,340
MP Materials Corp. (A)	2,977		83,922
Newmont Corp.	13,103		642,309
Nucor Corp.	4,301		664,375
Olympic Steel, Inc.	262		13,679

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Pan American Silver Corp., CVR (A)	7,232	$	3,978
Piedmont Lithium, Inc. (A)	286		17,174
Ramaco Resources, Inc.	575		5,066
Reliance Steel & Aluminum Company	910		233,633
Royal Gold, Inc.	1,062		137,752
Ryerson Holding Corp.	659		23,974
Schnitzer Steel Industries, Inc., Class A	532		16,545
Southern Copper Corp.	12,711		969,214
Steel Dynamics, Inc.	3,015		340,876
SunCoke Energy, Inc.	1,558		13,991
TimkenSteel Corp. (A)	841		15,424
Tredegar Corp.	821		7,496
U.S. Steel Corp.	3,939		102,808
US Gold Corp. (A)	143		798
Warrior Met Coal, Inc.	879		32,268
Worthington Industries, Inc.	793		51,267
			5,140,046
Paper and forest products – 0.0%
Clearwater Paper Corp. (A)	317		10,594
Glatfelter Corp.	999		3,187
Louisiana-Pacific Corp.	1,205		65,323
Sylvamo Corp.	677		31,318
			110,422
			20,816,576
Real estate – 2.9%
Diversified REITs – 0.1%
Alexander & Baldwin, Inc.	1,411		26,682
American Assets Trust, Inc.	1,151		21,397
Armada Hoffler Properties, Inc.	1,229		14,514
Broadstone Net Lease, Inc.	2,365		40,229
Empire State Realty Trust, Inc., Class A	2,981		19,347
Essential Properties Realty Trust, Inc.	1,951		48,482
Gladstone Commercial Corp.	793		10,016
Global Net Lease, Inc.	1,926		24,768
One Liberty Properties, Inc.	547		12,543
Safehold, Inc.	1,264		37,117
Star Holdings (A)	189		3,287
WP Carey, Inc.	3,216		249,079
			507,461
Health care REITs – 0.2%
CareTrust REIT, Inc.	1,737		34,010
Community Healthcare Trust, Inc.	472		17,275
Global Medical REIT, Inc.	854		7,780
Healthcare Realty Trust, Inc.	6,370		123,132
Healthpeak Properties, Inc.	9,008		197,906
LTC Properties, Inc.	749		26,312
Medical Properties Trust, Inc.	10,043		82,553
National Health Investors, Inc.	787		40,593
Omega Healthcare Investors, Inc.	3,924		107,557
Physicians Realty Trust	3,981		59,436
Sabra Health Care REIT, Inc.	4,102		47,173
Universal Health Realty Income Trust	293		14,096
Ventas, Inc.	6,624		287,150
Welltower, Inc.	7,629		546,923
			1,591,896
Hotel and resort REITs – 0.1%
Apple Hospitality REIT, Inc.	3,995		62,002
Ashford Hospitality Trust, Inc. (A)	444		1,425
Braemar Hotels & Resorts, Inc.	978		3,775
Chatham Lodging Trust	1,043		10,941
DiamondRock Hospitality Company	3,725		30,284
Hersha Hospitality Trust, Class A	852		5,725
Host Hotels & Resorts, Inc.	11,886		196,000

 

303

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotel and resort REITs (continued)
Park Hotels & Resorts, Inc.	3,834	$	47,388
Pebblebrook Hotel Trust	2,310		32,432
RLJ Lodging Trust	2,896		30,698
Ryman Hospitality Properties, Inc.	930		83,449
Service Properties Trust	3,030		30,179
Summit Hotel Properties, Inc.	2,173		15,211
Sunstone Hotel Investors, Inc.	3,688		36,437
Xenia Hotels & Resorts, Inc.	2,067		27,057
			613,003
Industrial REITs – 0.4%
Americold Realty Trust, Inc.	4,289		122,022
EastGroup Properties, Inc.	741		122,502
First Industrial Realty Trust, Inc.	2,253		119,860
Indus Realty Trust, Inc.	186		12,330
Industrial Logistics Properties Trust	1,490		4,574
Innovative Industrial Properties, Inc.	441		33,512
LXP Industrial Trust	4,958		51,117
Plymouth Industrial REIT, Inc.	458		9,623
Prologis, Inc.	15,171		1,892,886
Rexford Industrial Realty, Inc.	2,608		155,567
STAG Industrial, Inc.	2,912		98,484
Terreno Realty Corp.	1,329		85,853
			2,708,330
Office REITs – 0.1%
Alexandria Real Estate Equities, Inc.	2,515		315,859
Boston Properties, Inc.	2,594		140,387
Brandywine Realty Trust	3,382		15,997
Corporate Office Properties Trust	2,009		47,633
Cousins Properties, Inc.	2,664		56,956
Douglas Emmett, Inc.	2,995		36,928
Easterly Government Properties, Inc.	1,561		21,448
Equity Commonwealth	885		18,328
Franklin Street Properties Corp.	2,261		3,550
Highwoods Properties, Inc.	1,854		42,994
Hudson Pacific Properties, Inc.	2,615		17,390
JBG SMITH Properties	2,054		30,933
Kilroy Realty Corp.	2,018		65,383
New York REIT Liquidating LLC (A)(C)	457		2,805
Office Properties Income Trust	1,104		13,579
Orion Office REIT, Inc.	983		6,586
Paramount Group, Inc.	4,071		18,564
Piedmont Office Realty Trust, Inc., Class A	2,477		18,082
SL Green Realty Corp.	769		18,087
Vornado Realty Trust	3,256		50,045
			941,534
Real estate management and development – 0.1%
Anywhere Real Estate, Inc. (A)	1,533		8,094
CBRE Group, Inc., Class A (A)	5,323		387,568
Compass, Inc., Class A (A)	6,964		22,494
DigitalBridge Group, Inc.	2,569		30,802
Douglas Elliman, Inc.	1,405		4,370
eXp World Holdings, Inc.	2,650		33,629
Fathom Holdings, Inc. (A)	284		1,207
Five Point Holdings LLC, Class A (A)	2,087		4,925
Forestar Group, Inc. (A)	999		15,544
FRP Holdings, Inc. (A)	226		13,081
Jones Lang LaSalle, Inc. (A)	813		118,283
Kennedy-Wilson Holdings, Inc.	2,447		40,596
Marcus & Millichap, Inc.	708		22,734
Maui Land & Pineapple Company, Inc. (A)	264		3,157
Newmark Group, Inc., Class A	2,923		20,695
Opendoor Technologies, Inc. (A)	10,757		18,932

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
Rafael Holdings, Inc., Class B (A)	347	$	538
RE/MAX Holdings, Inc., Class A	374		7,016
Redfin Corp. (A)	1,922		17,413
Seritage Growth Properties, Class A (A)	866		6,815
Tejon Ranch Company (A)	577		10,542
The Howard Hughes Corp. (A)	851		68,080
The RMR Group, Inc., Class A	311		8,161
The St. Joe Company	1,041		43,316
WeWork, Inc., Class A (A)(B)	11,121		8,644
Zillow Group, Inc., Class A (A)	45		1,967
Zillow Group, Inc., Class C (A)	3,654		162,493
			1,081,096
Residential REITs – 0.4%
American Homes 4 Rent, Class A	5,853		184,077
Apartment Income REIT Corp.	2,626		94,037
Apartment Investment and Management Company, Class A	2,711		20,848
AvalonBay Communities, Inc.	2,283		383,681
Bluerock Homes Trust, Inc. (A)	85		1,685
BRT Apartments Corp.	385		7,592
Camden Property Trust	1,551		162,607
Centerspace	226		12,346
Elme Communities	1,645		29,380
Equity LifeStyle Properties, Inc.	2,967		199,175
Equity Residential	6,236		374,160
Essex Property Trust, Inc.	961		200,984
Independence Realty Trust, Inc.	3,277		52,530
Invitation Homes, Inc.	10,123		316,141
Mid-America Apartment Communities, Inc.	1,807		272,929
NexPoint Residential Trust, Inc.	480		20,962
Sun Communities, Inc.	1,906		268,517
UDR, Inc.	5,225		214,539
UMH Properties, Inc.	958		14,169
Veris Residential, Inc. (A)	1,641		24,024
			2,854,383
Retail REITs – 0.4%
Acadia Realty Trust	1,812		25,277
Agree Realty Corp.	1,193		81,852
Alexander's, Inc.	105		20,344
Brixmor Property Group, Inc.	5,029		108,224
CBL & Associates Properties, Inc.	347		8,897
Federal Realty Investment Trust	1,354		133,816
Getty Realty Corp.	881		31,742
Kimco Realty Corp.	10,305		201,257
Kite Realty Group Trust	3,726		77,948
National Retail Properties, Inc.	3,009		132,847
Necessity Retail REIT, Inc.	2,393		15,028
NETSTREIT Corp.	495		9,049
Phillips Edison & Company, Inc.	1,540		50,235
Realty Income Corp.	10,736		679,804
Regency Centers Corp.	2,885		176,504
Retail Opportunity Investments Corp.	2,320		32,387
RPT Realty	1,545		14,693
Saul Centers, Inc.	490		19,110
Simon Property Group, Inc.	5,380		602,399
SITE Centers Corp.	3,696		45,387
Spirit Realty Capital, Inc.	2,024		80,636
Tanger Factory Outlet Centers, Inc.	1,832		35,962
The Macerich Company	3,280		34,768
Urban Edge Properties	2,162		32,560
Urstadt Biddle Properties, Inc., Class A	787		13,828

 

304

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Retail REITs (continued)
Whitestone REIT	991	$	9,117
			2,673,671
Specialized REITs – 1.1%
American Tower Corp.	7,641		1,561,362
Crown Castle, Inc.	7,119		952,807
CubeSmart	3,744		173,048
Digital Realty Trust, Inc.	4,744		466,383
EPR Properties	1,307		49,797
Equinix, Inc.	1,499		1,080,839
Extra Space Storage, Inc.	2,209		359,912
Farmland Partners, Inc.	930		9,951
Four Corners Property Trust, Inc.	1,453		39,028
Gaming and Leisure Properties, Inc.	4,293		223,494
Gladstone Land Corp.	706		11,755
Iron Mountain, Inc.	4,804		254,180
Lamar Advertising Company, Class A	1,479		147,737
Life Storage, Inc.	1,345		176,316
National Storage Affiliates Trust	1,277		53,353
Outfront Media, Inc.	2,732		44,340
PotlatchDeltic Corp.	1,431		70,835
Public Storage	2,878		869,559
Rayonier, Inc.	2,536		84,347
SBA Communications Corp.	1,775		463,399
Uniti Group, Inc.	4,136		14,683
VICI Properties, Inc.	15,179		495,139
Weyerhaeuser Company	12,269		369,665
			7,971,929
			20,943,303
Utilities – 2.6%
Electric utilities – 1.6%
ALLETE, Inc.	971		62,503
Alliant Energy Corp.	3,580		191,172
American Electric Power Company, Inc.	8,433		767,319
Avangrid, Inc.	5,981		238,522
Constellation Energy Corp.	5,375		421,938
Duke Energy Corp.	12,617		1,217,162
Edison International	6,285		443,658
Entergy Corp.	3,343		360,175
Evergy, Inc.	3,792		231,767
Eversource Energy	5,697		445,847
Exelon Corp.	16,307		683,100
FirstEnergy Corp.	9,399		376,524
Genie Energy, Ltd., B Shares	616		8,513
Hawaiian Electric Industries, Inc.	1,834		70,426
IDACORP, Inc.	854		92,514
MGE Energy, Inc.	651		50,563
NextEra Energy, Inc.	32,565		2,510,110
NRG Energy, Inc.	3,773		129,376
OGE Energy Corp.	3,350		126,161
Otter Tail Corp.	715		51,673
PG&E Corp. (A)	32,629		527,611
Pinnacle West Capital Corp.	1,796		142,315
PNM Resources, Inc.	1,428		69,515
Portland General Electric Company	1,498		73,237
PPL Corp.	12,166		338,093
The Southern Company	17,831		1,240,681
Via Renewables, Inc.	125		2,298
Xcel Energy, Inc.	8,988		606,151
			11,478,924
Gas utilities – 0.1%
Atmos Energy Corp.	2,179		244,832
Chesapeake Utilities Corp.	310		39,677
National Fuel Gas Company	1,545		89,208
New Jersey Resources Corp.	1,632		86,822

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Gas utilities (continued)
Northwest Natural Holding Company	625	$	29,725
ONE Gas, Inc.	913		72,337
RGC Resources, Inc.	228		5,287
Southwest Gas Holdings, Inc.	848		52,958
Spire, Inc.	886		62,144
Star Group LP	919		11,919
Suburban Propane Partners LP	1,244		19,058
UGI Corp.	3,409		118,497
			832,464
Independent power and renewable electricity producers – 0.1%
Altus Power, Inc. (A)	2,340		12,823
Brookfield Renewable Corp., Class A	112		3,914
Clearway Energy, Inc., Class A	1,122		33,694
Clearway Energy, Inc., Class C	974		30,515
Montauk Renewables, Inc. (A)	2,220		17,471
Ormat Technologies, Inc.	934		79,175
Sunnova Energy International, Inc. (A)	1,925		30,069
The AES Corp.	10,972		264,206
Vistra Corp.	6,881		165,144
			637,011
Multi-utilities – 0.7%
Ameren Corp.	4,112		355,236
Avista Corp.	1,244		52,808
Black Hills Corp.	1,090		68,779
CenterPoint Energy, Inc.	10,375		305,648
CMS Energy Corp.	4,773		292,967
Consolidated Edison, Inc.	5,822		556,991
Dominion Energy, Inc.	13,623		761,662
DTE Energy Company	3,181		348,447
NiSource, Inc.	6,682		186,829
NorthWestern Corp.	961		55,603
Public Service Enterprise Group, Inc.	8,234		514,213
Sempra Energy	5,159		779,834
Unitil Corp.	316		18,025
WEC Energy Group, Inc.	5,181		491,107
			4,788,149
Water utilities – 0.1%
American States Water Company	629		55,912
American Water Works Company, Inc.	2,988		437,712
Artesian Resources Corp., Class A	193		10,684
Cadiz, Inc. (A)	752		3,038
California Water Service Group	934		54,359
Essential Utilities, Inc.	3,844		167,791
Global Water Resources, Inc.	595		7,396
Middlesex Water Company	324		25,311
Pure Cycle Corp. (A)	615		5,812
SJW Group	527		40,121
The York Water Company	308		13,768
			821,904
			18,558,452
TOTAL COMMON STOCKS (Cost $336,213,404)		$	700,290,379
PREFERRED SECURITIES – 0.0%
Consumer discretionary – 0.0%
Broadline retail – 0.0%
Qurate Retail, Inc., 8.000%	260		7,621
Industrials – 0.0%
Industrial conglomerates – 0.0%
Steel Partners Holdings LP, 6.000%	510		11,812
TOTAL PREFERRED SECURITIES (Cost $82,033)		$	19,433

 

305

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
WARRANTS – 0.0%
Chord Energy Corp. (Expiration Date: 11-19-24; Strike Price: $90.57) (A)	31	$	1,705
Denbury, Inc. (Expiration Date: 9-18-23; Strike Price: $35.41) (A)	23		1,225
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)	77		1,444
Tidewater, Inc., Class A (Expiration Date: 7-31-23; Strike Price: $57.06) (A)	66		65
Tidewater, Inc., Class B (Expiration Date: 7-31-23; Strike Price: $62.28) (A)	71		44
TOTAL WARRANTS (Cost $120,153)		$	4,483
SHORT-TERM INVESTMENTS – 2.1%
Short-term funds – 2.1%
John Hancock Collateral Trust, 4.9438% (D)(E)	1,454,521		14,540,693
TOTAL SHORT-TERM INVESTMENTS (Cost $14,540,793)		$	14,540,693
Total Investments (Total Stock Market Index Trust) (Cost $350,956,383) – 100.5%		$	714,854,988
Other assets and liabilities, net – (0.5%)			(3,229,170)
TOTAL NET ASSETS – 100.0%		$	711,625,818

Total Stock Market Index Trust (continued)

Security Abbreviations and Legend
ADR	American Depositary Receipt
CVR	Contingent Value Right
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 3-31-23. The value of securities on loan amounted to $3,264,124.
(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 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $3,501,950.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	19	Long	Jun 2023	$1,731,871	$1,722,825	$(9,046)
S&P 500 E-Mini Index Futures	48	Long	Jun 2023	9,494,643	9,930,600	435,957
						$426,911

^ 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 – 0.6%
U.S. Government Agency – 0.6%
Federal Home Loan Mortgage Corp.
3.341%, (1 Year CMT + 2.231%), 05/01/2034 (A)	$	89,758	$	91,396
3.381%, (12 month LIBOR + 1.588%), 05/01/2037 (A)		51,573		52,102
3.466%, (1 Year CMT + 2.165%), 11/01/2036 (A)		60,577		61,588
3.513%, (12 month LIBOR + 1.600%), 02/01/2036 (A)		38,974		39,510
3.697%, (12 month LIBOR + 1.447%), 06/01/2036 (A)		14,803		15,011
3.775%, (12 month LIBOR + 1.641%), 09/01/2043 (A)		185,457		188,708
3.815%, (6 month LIBOR + 1.565%), 12/01/2036 (A)		20,408		20,431
4.074%, (1 Year CMT + 2.076%), 12/01/2035 (A)		86,328		87,610

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
4.165%, (6 month LIBOR + 1.515%), 12/01/2035 (A)	$	27,687	$	28,107
4.295%, (1 Year CMT + 2.295%), 08/01/2035 (A)		57,759		59,121
Federal National Mortgage Association
3.451%, (12 month LIBOR + 1.295%), 10/01/2038 (A)		27,666		27,746
3.549%, (12 month LIBOR + 1.560%), 07/01/2035 (A)		117,718		119,259
3.694%, (12 month LIBOR + 1.446%), 04/01/2035 (A)		211,201		212,648
4.070%, (1 Year CMT + 2.269%), 07/01/2035 (A)		72,544		74,148
4.101%, (1 Year CMT + 2.333%), 05/01/2034 (A)		41,975		42,946

 

306

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
4.243%, (1 Year CMT + 2.170%), 01/01/2036 (A)	$	91,408	$	93,012
4.273%, (1 Year CMT + 2.148%), 01/01/2036 (A)		30,475		31,028
4.304%, (1 Year CMT + 2.195%), 05/01/2036 (A)		133,631		136,062
4.329%, (1 Year CMT + 2.195%), 02/01/2035 (A)		99,388		101,244
5.549%, (6 month LIBOR + 1.512%), 02/01/2035 (A)		44,396		44,926
5.641%, (6 month LIBOR + 1.489%), 10/01/2035 (A)		88,450		89,530
Government National Mortgage Association 2.625%, (1 Year CMT + 1.500%), 08/20/2032 (A)		89,874		88,308
				1,704,441
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $1,761,058)			$	1,704,441
CORPORATE BONDS – 54.7%
Communication services – 1.7%
AT&T, Inc. 0.900%, 03/25/2024		1,445,000		1,382,231
Comcast Corp. 3.700%, 04/15/2024		2,000,000		1,976,140
WarnerMedia Holdings, Inc. 3.638%, 03/15/2025 (B)		1,111,000		1,073,155
				4,431,526
Consumer discretionary – 9.2%
Amazon.com, Inc.
0.450%, 05/12/2024		4,455,000		4,269,750
2.730%, 04/13/2024		2,000,000		1,960,071
American Honda Finance Corp.
0.650%, 09/08/2023		2,000,000		1,960,294
3.550%, 01/12/2024		2,000,000		1,976,256
Booking Holdings, Inc. 3.650%, 03/15/2025		2,000,000		1,957,724
General Motors Financial Company, Inc. 5.100%, 01/17/2024		2,000,000		1,993,844
Hyundai Capital America 0.800%, 01/08/2024 (B)		3,000,000		2,890,136
Nissan Motor Acceptance Company LLC 3.875%, 09/21/2023 (B)		1,500,000		1,483,142
Toyota Motor Credit Corp. 3.350%, 01/08/2024		3,360,000		3,317,240
Volkswagen Group of America Finance LLC 3.125%, 05/12/2023 (B)		3,000,000		2,991,404
				24,799,861
Consumer staples – 1.9%
Dollar Tree, Inc. 4.000%, 05/15/2025		2,906,000		2,852,071
Kenvue, Inc. 5.500%, 03/22/2025 (B)		1,000,000		1,016,531
Walmart, Inc. 2.850%, 07/08/2024		1,370,000		1,339,456
				5,208,058
Energy – 4.0%
Aker BP ASA 3.000%, 01/15/2025 (B)		1,415,000		1,362,974

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Energy Transfer LP 4.500%, 11/01/2023	$	3,000,000	$	2,973,982
Enterprise Products Operating LLC 3.900%, 02/15/2024		2,000,000		1,976,064
MPLX LP 4.875%, 06/01/2025		1,500,000		1,489,013
The Williams Companies, Inc. 4.500%, 11/15/2023		3,000,000		2,987,749
				10,789,782
Financials – 25.3%
Ally Financial, Inc. 3.875%, 05/21/2024		2,000,000		1,921,670
American Express Company 3.400%, 02/22/2024		3,000,000		2,952,850
Athene Global Funding 0.950%, 01/08/2024 (B)		3,000,000		2,871,409
Bank of America Corp.
0.523%, (0.523% to 6-14-23, then SOFR + 0.410%), 06/14/2024		2,855,000		2,826,241
4.000%, 04/01/2024		2,000,000		1,977,505
Bank of Montreal 2.150%, 03/08/2024		3,000,000		2,908,961
Barclays PLC 3.932%, (3.932% to 5-7-24, then 3 month LIBOR + 1.610%), 05/07/2025		2,000,000		1,945,659
Brighthouse Financial Global Funding
0.600%, 06/28/2023 (B)		1,000,000		987,868
5.284%, (SOFR + 0.760%), 04/12/2024 (A)(B)		2,000,000		1,974,846
Capital One Financial Corp. 3.750%, 04/24/2024		3,176,000		3,080,631
Citigroup, Inc. 3.352%, (3.352% to 4-24-24, then CME Term SOFR + 1.158%), 04/24/2025		3,000,000		2,923,805
Citizens Bank NA 6.064%, (6.064% to 10-24-24, then SOFR + 1.450%), 10/24/2025		1,333,000		1,254,307
Credit Agricole SA 3.750%, 04/24/2023 (B)		2,000,000		1,997,582
Fifth Third Bancorp 3.650%, 01/25/2024		3,000,000		2,927,015
Five Corners Funding Trust 4.419%, 11/15/2023 (B)		3,000,000		2,981,010
JPMorgan Chase & Co.
1.514%, (1.514% to 6-1-23, then SOFR + 1.455%), 06/01/2024		5,000,000		4,968,330
5.546%, (5.546% to 12-15-24, then SOFR + 1.070%), 12/15/2025		1,750,000		1,761,972
Morgan Stanley
3.737%, (3.737% to 4-24-23, then 3 month LIBOR + 0.847%), 04/24/2024		3,000,000		2,994,667
3.875%, 04/29/2024		2,000,000		1,975,190
Royal Bank of Canada 5.660%, 10/25/2024		2,000,000		2,017,324
Santander Holdings USA, Inc. 3.244%, 10/05/2026		3,000,000		2,717,462
The Bank of New York Mellon Corp. 3.450%, 08/11/2023		3,000,000		2,979,505
The Goldman Sachs Group, Inc. 1.217%, 12/06/2023		3,000,000		2,913,771
The Toronto-Dominion Bank 0.450%, 09/11/2023		2,000,000		1,956,719

 

307

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
UBS Group AG 1.008%, (1.008% to 7-30-23, then 1 Year CMT + 0.830%), 07/30/2024 (B)	$	3,000,000	$	2,940,345
Wells Fargo & Company
3.300%, 09/09/2024		2,765,000		2,695,158
3.750%, 01/24/2024		3,000,000		2,963,712
				68,415,514
Health care – 2.3%
AbbVie, Inc. 2.850%, 05/14/2023		1,001,000		998,047
Boston Scientific Corp. 1.900%, 06/01/2025		1,000,000		945,176
Cigna Corp. 0.613%, 03/15/2024		3,000,000		2,870,701
UnitedHealth Group, Inc. 3.500%, 02/15/2024		1,360,000		1,343,918
				6,157,842
Industrials – 1.8%
AerCap Ireland Capital DAC 3.150%, 02/15/2024		2,000,000		1,939,091
Daimler Truck Finance North America LLC 5.200%, 01/17/2025 (B)		875,000		876,417
The Boeing Company 1.433%, 02/04/2024		2,000,000		1,932,305
				4,747,813
Information technology – 3.3%
Apple, Inc.
0.750%, 05/11/2023		2,000,000		1,991,820
2.850%, 05/11/2024		2,000,000		1,966,108
NXP BV 4.875%, 03/01/2024		3,000,000		2,977,525
VMware, Inc. 0.600%, 08/15/2023		2,000,000		1,962,346
				8,897,799
Materials – 2.1%
Georgia-Pacific LLC 0.625%, 05/15/2024 (B)		3,000,000		2,857,525
Graphic Packaging International LLC 0.821%, 04/15/2024 (B)		3,000,000		2,858,407
				5,715,932
Real estate – 0.4%
Realty Income Corp. 5.050%, 01/13/2026		1,143,000		1,138,694
Utilities – 2.7%
Alexander Funding Trust 1.841%, 11/15/2023 (B)		3,000,000		2,909,946
Eversource Energy 2.800%, 05/01/2023		2,000,000		1,994,177
NextEra Energy Capital Holdings, Inc. 4.450%, 06/20/2025		2,500,000		2,482,873
				7,386,996
TOTAL CORPORATE BONDS (Cost $150,969,823)			$	147,689,817
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%
Commercial and residential – 0.2%
BX Commercial Mortgage Trust Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%) 5.817%, 01/17/2039 (A)(B)		408,000		391,000

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
COLT Mortgage Loan Trust Series 2020-3, Class A1 1.506%, 04/27/2065 (B)(C)	$	169,960	$	157,344
				548,344
U.S. Government Agency – 0.2%
Federal National Mortgage Association Series 2013-10, Class FT (1 month LIBOR + 0.350%) 5.195%, 04/25/2042 (A)		482,517		473,753
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $1,060,422)			$	1,022,097
ASSET BACKED SECURITIES – 16.9%
AmeriCredit Automobile Receivables Trust
Series 2018-3, Class D 4.040%, 11/18/2024		2,650,000		2,640,610
Series 2020-1, Class C 1.590%, 10/20/2025		3,000,000		2,924,078
Avis Budget Rental Car Funding AESOP LLC Series 2019-3A, Class A 2.360%, 03/20/2026 (B)		3,000,000		2,844,191
BA Credit Card Trust Series 2021-A1, Class A1 0.440%, 09/15/2026		3,753,000		3,581,653
CarMax Auto Owner Trust Series 2019-2, Class A4 2.770%, 12/16/2024		1,133,153		1,129,881
Carvana Auto Receivables Trust
Series 2021-N4, Class A1 0.830%, 09/11/2028		502,469		487,545
Series 2022-P1, Class A2 2.570%, 05/12/2025		954,031		946,633
Series 2022-P3, Class A3 4.610%, 11/10/2027		1,000,000		978,389
CCG Receivables Trust Series 2021-1, Class A2 0.300%, 06/14/2027 (B)		777,052		754,826
Chesapeake Funding II LLC Series 2020-1A, Class A1 0.870%, 08/15/2032 (B)		195,753		193,426
CNH Equipment Trust Series 2020-A, Class A3 1.160%, 06/16/2025		363,049		358,122
Dell Equipment Finance Trust Series 2021-2, Class A2 0.330%, 12/22/2026 (B)		23,010		22,905
Enterprise Fleet Funding LLC Series 2021-1, Class A2 0.440%, 12/21/2026 (B)		574,421		559,515
Flagship Credit Auto Trust
Series 2018-2, Class D 4.230%, 09/16/2024 (B)		460,382		459,921
Series 2021-1, Class A 0.310%, 06/16/2025 (B)		13,286		13,261
GM Financial Consumer Automobile Receivables Trust
Series 2020-1, Class A4 1.900%, 03/17/2025		500,000		491,522
Series 2021-1, Class A3 0.350%, 10/16/2025		1,122,339		1,092,187

 

308

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
GreatAmerica Leasing Receivables Funding LLC
Series 2021-2, Class A2 0.380%, 03/15/2024 (B)	$	546,137	$	539,775
Series 2022-1, Class A3 5.080%, 09/15/2026 (B)		1,500,000		1,504,776
Harley-Davidson Motorcycle Trust Series 2021-B, Class A3 0.560%, 11/16/2026		1,617,033		1,558,038
Honda Auto Receivables Owner Trust
Series 2020-3, Class A3 0.370%, 10/18/2024		896,177		880,222
Series 2021-1, Class A3 0.270%, 04/21/2025		598,731		582,393
HPEFS Equipment Trust Series 2022-1A, Class A2 1.020%, 05/21/2029 (B)		1,594,654		1,576,749
Hyundai Auto Lease Securitization Trust Series 2021-B, Class A3 0.330%, 06/17/2024 (B)		2,054,892		2,030,235
John Deere Owner Trust Series 2023-A, Class A2 5.280%, 03/16/2026		3,000,000		3,014,096
Mercedes-Benz Auto Receivables Trust Series 2021-1, Class A2 0.210%, 07/15/2024		73,121		72,984
MMAF Equipment Finance LLC
Series 2019-A, Class A4 2.930%, 03/10/2026 (B)		234,177		232,401
Series 2019-B, Class A3 2.010%, 12/12/2024 (B)		51,063		50,292
PFS Financing Corp. Series 2020-G, Class A 0.970%, 02/15/2026 (B)		3,000,000		2,884,581
Santander Consumer Auto Receivables Trust Series 2021-AA, Class A3 0.330%, 10/15/2025 (B)		971,543		957,785
Santander Drive Auto Receivables Trust Series 2021-3, Class C 0.950%, 09/15/2027		1,693,000		1,643,292
Santander Retail Auto Lease Trust
Series 2020-B, Class A3 0.570%, 04/22/2024 (B)		1,202,559		1,189,297
Series 2022-B, Class A2 2.840%, 05/20/2025 (B)		1,084,521		1,068,325
SCF Equipment Leasing LLC
Series 2019-2A, Class A2 2.470%, 04/20/2026 (B)		419,886		415,776
Series 2021-1A, Class A3 0.830%, 08/21/2028 (B)		863,343		830,689
T-Mobile US Trust Series 2022-1A, Class A 4.910%, 05/22/2028 (B)		1,500,000		1,506,736
Verizon Owner Trust
Series 2019-C, Class C 2.160%, 04/22/2024		295,000		294,647
Series 2020-A, Class B 1.980%, 07/22/2024		125,000		124,754
Series 2020-B, Class A 0.470%, 02/20/2025		986,788		975,527
Series 2020-C, Class A 0.410%, 04/21/2025		112,152		110,548

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET BACKED SECURITIES (continued)
Westlake Automobile Receivables Trust Series 2021-3A, Class A2 0.570%, 09/16/2024 (B)	$	62,004	$	61,823
World Omni Automobile Lease Securitization Trust Series 2022-A, Class A3 3.210%, 02/18/2025		2,115,000		2,075,069
TOTAL ASSET BACKED SECURITIES (Cost $46,371,000)			$	45,659,475
SHORT-TERM INVESTMENTS – 27.5%
U.S. Government – 25.2%
U.S. Treasury Bill
4.461%, 04/04/2023 *		15,060,000		15,058,078
4.541%, 04/20/2023 *		18,618,000		18,577,140
4.682%, 05/18/2023 *		14,500,000		14,415,175
4.784%, 06/01/2023 *		20,120,000		19,970,378
				68,020,771
Short-term funds – 2.3%
John Hancock Collateral Trust, 4.9438% (D)(E)		630,172		6,299,767
TOTAL SHORT-TERM INVESTMENTS (Cost $74,296,428)			$	74,320,538
Total Investments (Ultra Short Term Bond Trust) (Cost $274,458,731) – 100.1%			$	270,396,368
Other assets and liabilities, net – (0.1%)				(225,770)
TOTAL NET ASSETS – 100.0%			$	270,170,598

Security Abbreviations and Legend
CME	Chicago Mercantile Exchange
CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing 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 $54,318,326 or 20.1% of the fund's net assets as of 3-31-23.
(C)	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.
(D)	The rate shown is the annualized seven-day yield as of 3-31-23.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.
*	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.

 

309

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

Subadvisors of Affiliated Underlying Funds
Allspring Global Investments, LLC	(Allspring Investments)
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)

The following portfolios had the following country composition as a percentage of net assets, unless otherwise indicated, on 3-31-23:

Capital Appreciation Trust

United States	84.4%
France	4.3%
Netherlands	2.6%
Denmark	2.3%
Uruguay	1.9%
Canada	1.7%
Australia	1.0%
Other countries	1.8%
TOTAL	100.0%

Equity Income Trust

United States	87.5%
France	4.0%
Germany	3.3%
Switzerland	1.9%
Canada	1.3%
Ireland	1.1%
Other countries	0.9%
TOTAL	100.0%

Financial Industries Trust

United States	80.6%
Bermuda	5.2%
Canada	3.3%
Switzerland	2.8%
France	2.5%
Japan	2.2%
Netherlands	2.1%
Puerto Rico	1.3%
TOTAL	100.0%

Fundamental Large Cap Value Trust

United States	87.4%
France	2.8%
Switzerland	2.2%
Belgium	1.9%
Canada	1.8%
Netherlands	1.2%
South Korea	1.1%
United Kingdom	1.0%
Other countries	0.6%
TOTAL	100.0%

Health Sciences Trust

United States	88.4%
United Kingdom	4.0%
Denmark	1.6%
Netherlands	1.6%
Japan	1.0%
Switzerland	1.0%
Other countries	2.4%
TOTAL	100.0%

High Yield Trust

United States	77.5%
Cayman Islands	7.7%
Canada	4.5%
Luxembourg	1.6%
United Kingdom	1.2%
Netherlands	1.2%
Other countries	6.3%
TOTAL	100.0%

Investment Quality Bond Trust (as a percentage of total investments)

United States	89.9%
Cayman Islands	3.4%
United Kingdom	1.0%
Other countries	5.7%
TOTAL	100.0%

Mid Value Trust

United States	87.0%
United Kingdom	4.4%
Canada	2.8%
Bermuda	1.4%
Netherlands	1.1%
Puerto Rico	1.1%
Other countries	2.2%
TOTAL	100.0%

Science & Technology Trust

United States	80.2%
Germany	6.9%
China	5.3%
Ireland	4.0%
South Korea	2.1%
Other countries	1.5%
TOTAL	100.0%

Strategic Equity Allocation Trust

United States	67.4%
Japan	6.8%
United Kingdom	4.6%
France	3.8%
Switzerland	3.5%
Germany	2.7%
Australia	2.3%
Netherlands	1.6%
Sweden	1.0%
Ireland	1.0%
Other countries	5.3%
TOTAL	100.0%

Strategic Income Opportunities Trust

United States	61.8%
Canada	6.2%
Indonesia	4.2%
Mexico	2.5%
Norway	2.2%
Luxembourg	2.0%
United Kingdom	1.8%
South Korea	1.7%
Australia	1.6%
New Zealand	1.6%
Other countries	14.4%
TOTAL	100.0%

 

310

John Hancock Variable Insurance Trust

Portfolio of Investments — March 31, 2023 (unaudited) (showing percentage of total net assets)

The following portfolios had the following sector composition as a percentage of net assets on 3-31-23:

Disciplined Value International Trust

Industrials	20.0%
Financials	15.8%
Consumer discretionary	15.0%
Energy	10.6%
Materials	9.2%
Information technology	8.1%
Health care	7.6%
Consumer staples	5.4%
Communication services	4.8%
Utilities	1.8%
Short-term investments and other	1.7%
TOTAL	100.0%

Emerging Markets Value Trust

Financials	29.0%
Materials	15.0%
Information technology	12.8%
Energy	9.7%
Industrials	9.5%
Consumer discretionary	8.5%
Real estate	4.1%
Communication services	3.2%
Consumer staples	3.0%
Health care	2.5%
Utilities	1.4%
Short-term investments and other	1.3%
TOTAL	100.0%

Global Equity Trust

Information technology	21.9%
Financials	16.9%
Health care	10.8%
Consumer staples	9.7%
Materials	8.9%
Consumer discretionary	8.1%
Industrials	7.5%
Communication services	7.5%
Energy	4.2%
Utilities	1.8%
Real estate	1.0%
Short-term investments and other	1.7%
TOTAL	100.0%

International Equity Index Trust

Financials	19.5%
Industrials	12.6%
Consumer discretionary	11.9%
Information technology	11.0%
Health care	9.4%
Consumer staples	8.9%
Materials	8.1%
Communication services	5.9%
Energy	5.4%
Utilities	3.2%
Real estate	2.0%
Short-term investments and other	2.1%
TOTAL	100.0%

International Small Company Trust

Industrials	23.5%
Financials	13.0%
Consumer discretionary	12.3%
Materials	12.2%
Information technology	10.6%
Consumer staples	5.9%
Energy	5.2%
Health care	5.0%
Real estate	4.0%
Communication services	3.9%
Utilities	3.1%
Short-term investments and other	1.3%
TOTAL	100.0%

 

311

John Hancock Variable Insurance Trust

Notes to Portfolio of Investments (unaudited)

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Advisor's Valuation Policies and Procedures.

In order to value the securities, the portfolios use the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Debt obligations are typically valued based on 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. Exchange-traded options are valued at the mid-price of the last quoted bid and ask prices from the exchange where the option trades. Unlisted options are generally valued using evaluated prices obtained from an independent pricing vendor. Futures contracts whose settlement prices are determined as of the close of the NYSE are typically valued based on the settlement price while other 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 of the Advisor 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 Pricing Committee following procedures established by the Advisor and adopted 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 Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses 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 Advisor's 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, 2023, by major security category or type:

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
500 Index Trust
Investments in securities:
Assets
Common stocks	$6,967,621,376	$6,967,621,376	—	—
Short-term investments	256,292,184	256,292,184	—	—
Total investments in securities	$7,223,913,560	$7,223,913,560	—	—
Derivatives:
Assets
Futures	$11,617,183	$11,617,183	—	—
Active Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$219,831,129	—	$219,831,129	—

312

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Active Bond Trust (continued)
Foreign government obligations	$3,768,889	—	$3,768,889	—
Corporate bonds	234,856,733	—	234,856,733	—
Capital preferred securities	1,132,466	—	1,132,466	—
Municipal bonds	3,685,413	—	3,685,413	—
Term loans	261,245	—	261,245	—
Collateralized mortgage obligations	49,730,775	—	49,730,775	—
Asset backed securities	37,600,344	—	37,600,344	—
Common stocks	253,767	$243,441	—	$10,326
Preferred securities	361,073	361,073	—	—
Escrow certificates	819	—	—	819
Short-term investments	6,198,981	6,198,981	—	—
Total investments in securities	$557,681,634	$6,803,495	$550,866,994	$11,145
Derivatives:
Assets
Futures	$9,920	$9,920	—	—
American Asset Allocation Trust
Investments in securities:
Assets
Investment companies	$1,122,584,971	$1,122,584,971	—	—
Total investments in securities	$1,122,584,971	$1,122,584,971	—	—
American Global Growth Trust
Investments in securities:
Assets
Investment companies	$188,242,043	$188,242,043	—	—
Total investments in securities	$188,242,043	$188,242,043	—	—
American Growth Trust
Investments in securities:
Assets
Investment companies	$799,526,106	$799,526,106	—	—
Total investments in securities	$799,526,106	$799,526,106	—	—
American Growth-Income Trust
Investments in securities:
Assets
Investment companies	$835,363,874	$835,363,874	—	—
Total investments in securities	$835,363,874	$835,363,874	—	—
American International Trust
Investments in securities:
Assets
Investment companies	$357,869,726	$357,869,726	—	—
Total investments in securities	$357,869,726	$357,869,726	—	—

313

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Blue Chip Growth Trust
Investments in securities:
Assets
Common stocks
Communication services	$202,133,728	$195,037,906	$7,095,822	—
Consumer discretionary	220,829,231	220,565,806	263,425	—
Consumer staples	14,326,433	14,326,433	—	—
Financials	183,890,212	177,615,293	6,274,919	—
Health care	216,174,251	216,174,251	—	—
Industrials	22,989,849	22,989,849	—	—
Information technology	680,538,223	680,538,223	—	—
Materials	17,984,707	17,984,707	—	—
Corporate bonds	2,197,643	—	2,197,643	—
Short-term investments	2,177,002	2,177,002	—	—
Total investments in securities	$1,563,241,279	$1,547,409,470	$15,831,809	—
Capital Appreciation Trust
Investments in securities:
Assets
Common stocks
Communication services	$46,154,486	$46,154,486	—	—
Consumer discretionary	117,373,947	102,177,057	$15,196,890	—
Consumer staples	17,382,013	11,522,566	5,859,447	—
Energy	6,908,714	6,908,714	—	—
Financials	47,268,534	41,525,820	5,742,714	—
Health care	65,551,180	65,551,180	—	—
Industrials	10,016,736	10,016,736	—	—
Information technology	159,011,692	159,011,692	—	—
Real estate	6,383,173	6,383,173	—	—
Preferred securities	4,578,086	—	4,578,086	—
Short-term investments	1,924,767	1,924,767	—	—
Total investments in securities	$482,553,328	$451,176,191	$31,377,137	—
Capital Appreciation Value Trust
Investments in securities:
Assets
Common stocks	$287,654,232	$285,153,769	$2,500,463	—
Preferred securities	1,575,464	1,575,464	—	—
U.S. Government and Agency obligations	40,851,118	—	40,851,118	—
Corporate bonds	35,129,244	—	35,129,244	—
Convertible bonds	343,170	—	343,170	—
Term loans	47,172,595	—	47,172,595	—
Asset backed securities	496,559	—	496,559	—
Short-term investments	30,619,898	28,534,898	2,085,000	—
Total investments in securities	$443,842,280	$315,264,131	$128,578,149	—
Derivatives:
Liabilities
Written options	$(3,653,676)	—	$(3,653,676)	—
Core Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$430,797,643	—	$430,797,643	—
Foreign government obligations	9,291,335	—	9,291,335	—

314

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Core Bond Trust (continued)
Corporate bonds	$195,929,410	—	$195,929,410	—
Municipal bonds	2,955,845	—	2,955,845	—
Collateralized mortgage obligations	83,059,274	—	83,059,274	—
Asset backed securities	93,307,692	—	93,307,692	—
Short-term investments	19,985,388	$19,985,388	—	—
Total investments in securities	$835,326,587	$19,985,388	$815,341,199	—
Liabilities
Sale commitments outstanding	$(8,080,121)	—	$(8,080,121)	—
Disciplined Value International Trust
Investments in securities:
Assets
Common stocks
Austria	$2,872,696	—	$2,872,696	—
Belgium	1,042,396	—	1,042,396	—
Bermuda	4,533,607	$4,533,607	—	—
Brazil	1,537,100	1,537,100	—	—
Canada	25,004,298	25,004,298	—	—
China	6,732,978	—	6,732,978	—
Finland	2,767,029	—	2,767,029	—
France	27,800,015	—	27,800,015	—
Germany	19,821,550	—	19,821,550	—
Greece	1,672,178	—	1,672,178	—
India	4,015,201	4,015,201	—	—
Ireland	10,553,687	—	10,553,687	—
Japan	45,644,463	—	45,644,463	—
Netherlands	15,202,272	—	15,202,272	—
Norway	1,316,548	—	1,316,548	—
Singapore	7,136,542	—	7,136,542	—
South Korea	5,588,218	—	5,588,218	—
Spain	2,561,863	—	2,561,863	—
Sweden	1,210,321	—	1,210,321	—
Switzerland	22,606,950	—	22,606,950	—
United Kingdom	56,379,775	10,384,110	45,995,665	—
United States	10,225,556	10,225,556	—	—
Short-term investments	9,949,447	9,949,447	—	—
Total investments in securities	$286,174,690	$65,649,319	$220,525,371	—
Emerging Markets Value Trust
Investments in securities:
Assets
Common stocks
Australia	$53,968	—	$53,968	—
Belgium	39,648	—	39,648	—
Brazil	5,086,724	$5,086,724	—	—
Canada	56,900	—	56,900	—
Chile	1,396,669	13,043	1,383,626	—
China	51,933,566	4,101,257	47,733,038	$99,271
Colombia	142,878	142,878	—	—
Cyprus	27,095	—	27,095	—
Czech Republic	316,013	—	316,013	—
Greece	813,132	—	813,132	—
Hong Kong	8,783,837	—	8,671,676	112,161
Hungary	399,759	—	399,759	—
India	30,739,013	80,644	30,641,793	16,576
Indonesia	3,946,415	—	3,894,338	52,077
Kuwait	1,694	—	1,694	—

315

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Emerging Markets Value Trust (continued)
Malaysia	$3,667,634	—	$3,667,634	—
Mexico	5,706,972	$5,706,972	—	—
Panama	587	587	—	—
Philippines	1,754,721	—	1,754,552	$169
Poland	1,556,706	—	1,556,706	—
Qatar	1,584,274	—	1,584,274	—
Russia	57,179	—	—	57,179
Saudi Arabia	7,419,353	—	7,419,353	—
Singapore	91,687	28,873	62,814	—
South Africa	6,707,441	788,375	5,919,066	—
South Korea	25,982,535	2,130,849	23,822,538	29,148
Taiwan	35,002,021	—	34,995,596	6,425
Thailand	4,423,180	—	4,423,180	—
Turkey	1,656,375	—	1,656,105	270
Ukraine	1,547	—	1,547	—
United Arab Emirates	2,307,958	—	2,307,958	—
United States	60,000	—	60,000	—
Preferred securities
Brazil	3,615,079	3,615,079	—	—
Colombia	69,824	69,824	—	—
Philippines	11,516	—	11,516	—
Warrants	391	391	—	—
Short-term investments	906,930	906,930	—	—
Total investments in securities	$206,321,221	$22,672,426	$183,275,519	$373,276
Derivatives:
Assets
Futures	$43,802	$43,802	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Equity Income Trust
Investments in securities:
Assets
Common stocks
Communication services	$76,907,555	$76,907,555	—	—
Consumer discretionary	62,799,297	62,799,297	—	—
Consumer staples	97,745,002	97,745,002	—	—
Energy	110,319,543	78,481,755	$31,837,788	—
Financials	268,544,805	268,544,805	—	—
Health care	231,493,690	221,500,305	9,993,385	—
Industrials	153,330,375	153,330,375	—	—
Information technology	96,876,631	92,768,246	4,108,385	—
Materials	54,058,985	54,058,985	—	—
Real estate	53,237,550	53,237,550	—	—
Utilities	105,585,487	105,585,487	—	—
Preferred securities
Consumer discretionary	11,802,730	—	11,802,730	—
Health care	5,298,412	5,298,412	—	—
Utilities	6,985,771	6,985,771	—	—
Short-term investments	31,154,593	31,154,593	—	—
Total investments in securities	$1,366,140,426	$1,308,398,138	$57,742,288	—

316

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Financial Industries Trust
Investments in securities:
Assets
Common stocks
Financials
Banks	$55,043,558	$47,571,098	$7,472,460	—
Capital markets	22,787,143	22,787,143	—	—
Consumer finance	1,835,069	1,835,069	—	—
Financial services	3,877,377	3,877,377	—	—
Insurance	26,788,014	25,364,950	1,423,064	—
Real estate
Industrial REITs	3,407,897	3,407,897	—	—
Convertible bonds	644,891	—	644,891	—
Corporate bonds	486,258	—	486,258	—
Short-term investments	3,171,691	3,171,691	—	—
Total investments in securities	$118,041,898	$108,015,225	$10,026,673	—
Fundamental All Cap Core Trust
Investments in securities:
Assets
Common stocks
Communication services	$205,682,010	$205,682,010	—	—
Consumer discretionary	462,966,185	409,758,567	$53,207,618	—
Consumer staples	69,796,445	69,796,445	—	—
Energy	103,872,020	103,872,020	—	—
Financials	342,765,741	342,765,741	—	—
Health care	132,795,232	132,795,232	—	—
Industrials	100,052,473	100,052,473	—	—
Information technology	550,498,610	550,498,610	—	—
Materials	27,344,812	27,344,812	—	—
Real estate	40,816,946	40,816,946	—	—
Short-term investments	20,135,237	20,135,237	—	—
Total investments in securities	$2,056,725,711	$2,003,518,093	$53,207,618	—
Fundamental Large Cap Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$69,051,577	$69,051,577	—	—
Consumer discretionary	57,568,815	49,593,241	$7,975,574	—
Consumer staples	64,086,021	43,815,013	20,271,008	—
Energy	49,861,158	49,861,158	—	—
Financials	127,709,891	127,709,891	—	—
Health care	99,001,036	99,001,036	—	—
Industrials	103,535,363	94,568,178	8,967,185	—
Information technology	114,855,043	107,076,902	7,778,141	—
Materials	15,693,652	15,693,652	—	—
Real estate	18,873,604	18,873,604	—	—
Short-term investments	19,277,635	19,277,635	—	—
Total investments in securities	$739,513,795	$694,521,887	$44,991,908	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.

317

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Global Equity Trust
Investments in securities:
Assets
Common stocks
France	$38,637,160	—	$38,637,160	—
Ireland	13,266,704	$7,673,999	5,592,705	—
Japan	25,866,423	—	25,866,423	—
Netherlands	17,169,683	—	17,169,683	—
Spain	4,842,581	—	4,842,581	—
Switzerland	9,032,445	4,980,329	4,052,116	—
United Kingdom	10,319,050	1,608,176	8,710,874	—
United States	152,309,164	152,309,164	—	—
Preferred securities	6,583,930	—	6,583,930	—
Short-term investments	3,267,973	3,267,973	—	—
Total investments in securities	$281,295,113	$169,839,641	$111,455,472	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Health Sciences Trust
Investments in securities:
Assets
Common stocks
Consumer discretionary	$287,677	$287,677	—	—
Health care	261,867,817	255,166,410	$6,676,202	$25,205
Materials	104,881	104,881	—	—
Preferred securities	1,791,610	—	1,791,610	—
Warrants	1,421	1,421	—	—
Short-term investments	784,303	784,303	—	—
Total investments in securities	$264,837,709	$256,344,692	$8,467,812	$25,205
High Yield Trust
Investments in securities:
Assets
Foreign government obligations	$592,179	—	$592,179	—
Corporate bonds	140,319,545	—	140,319,545	—
Convertible bonds	1,056,890	—	1,056,890	—
Term loans	9,176,011	—	8,706,883	$469,128
Asset backed securities	11,582,373	—	11,582,373	—
Common stocks	857,807	$843,123	—	14,684
Preferred securities	538,574	—	—	538,574
Short-term investments	12,082,611	12,082,611	—	—
Total investments in securities	$176,205,990	$12,925,734	$162,257,870	$1,022,386
Derivatives:
Assets
Futures	$166,503	$166,503	—	—
Forward foreign currency contracts	2,065	—	$2,065	—
Swap contracts	43,870	—	43,870	—
Liabilities
Swap contracts	(125,946)	—	(125,946)	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.

318

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Equity Index Trust
Investments in securities:
Assets
Common stocks
Australia	$39,347,106	—	$39,347,106	—
Austria	1,004,288	—	1,004,288	—
Belgium	4,720,445	—	4,720,445	—
Brazil	7,974,701	$7,974,701	—	—
Canada	62,391,860	62,004,331	387,529	—
Cayman Islands	103,866	—	103,866	—
Chile	921,500	506,503	414,997	—
China	64,128,837	6,778,201	57,304,952	$45,684
Colombia	96,675	96,675	—	—
Czech Republic	453,474	—	453,474	—
Denmark	16,572,571	—	16,572,571	—
Egypt	171,246	—	171,246	—
Finland	6,462,863	—	6,462,863	—
France	64,697,145	—	64,697,145	—
Germany	42,844,499	—	42,844,499	—
Greece	913,830	—	910,790	3,040
Hong Kong	19,305,607	88,145	19,184,691	32,771
Hungary	397,121	—	397,121	—
India	29,121,102	3,319,749	25,801,353	—
Indonesia	4,365,868	9,763	4,356,105	—
Ireland	5,915,122	258,658	5,656,464	—
Israel	3,558,230	890,404	2,667,826	—
Italy	11,425,594	—	11,425,594	—
Japan	116,390,964	—	116,390,964	—
Jordan	143,163	—	143,163	—
Luxembourg	1,250,143	—	1,250,143	—
Macau	319,607	—	319,607	—
Malaysia	3,389,434	—	3,389,434	—
Mexico	6,168,229	6,168,229	—	—
Netherlands	26,329,991	—	26,329,991	—
New Zealand	1,267,856	—	1,267,856	—
Norway	3,554,889	—	3,554,889	—
Peru	388,201	388,201	—	—
Philippines	1,548,415	—	1,548,415	—
Poland	1,457,824	—	1,457,824	—
Portugal	938,714	—	938,714	—
Russia	160,521	—	—	160,521
Saudi Arabia	7,963,585	—	7,963,585	—
Singapore	8,381,214	1,230,844	7,150,370	—
South Africa	7,619,550	—	7,619,550	—
South Korea	24,812,861	70,192	24,742,669	—
Spain	14,340,247	81,176	14,259,071	—
Sweden	16,516,876	—	16,516,876	—
Switzerland	56,087,034	—	56,087,034	—
Taiwan	33,212,178	—	33,212,178	—
Thailand	4,052,539	—	4,052,539	—
Turkey	1,358,653	—	1,358,653	—
United Arab Emirates	10	—	10	—
United Kingdom	76,009,945	—	76,009,945	—
United States	866,894	866,894	—	—
Preferred securities
Brazil	2,763,134	2,763,134	—	—
Germany	2,770,091	—	2,770,091	—
South Korea	1,349,481	—	1,349,481	—
Warrants	372	372	—	—

319

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Equity Index Trust (continued)
Rights	$236	$236	—	—
Short-term investments	18,780,379	18,780,379	—	—
Total investments in securities	$827,086,780	$112,276,787	$714,567,977	$242,016
Derivatives:
Assets
Futures	$569,536	$569,536	—	—
Liabilities
Futures	(16,078)	(16,078)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
International Small Company Trust
Investments in securities:
Assets
Common stocks
Australia	$6,075,970	$143,766	$5,889,438	$42,766
Austria	1,587,898	—	1,587,898	—
Belgium	1,569,582	39,020	1,530,562	—
Bermuda	171,541	—	171,541	—
Cambodia	40,965	—	40,965	—
Canada	11,405,983	11,372,039	33,689	255
China	16,483	—	16,483	—
Denmark	2,587,736	—	2,587,736	—
Finland	2,139,450	—	2,139,450	—
France	5,065,377	—	5,063,257	2,120
Gabon	3,712	—	3,712	—
Georgia	60,252	—	60,252	—
Germany	5,996,691	—	5,996,691	—
Gibraltar	10,171	—	10,171	—
Greece	18,176	—	18,110	66
Guernsey, Channel Islands	140	—	—	140
Hong Kong	2,285,383	—	2,262,399	22,984
Ireland	651,611	—	651,611	—
Isle of Man	82,721	—	82,721	—
Israel	1,189,060	19,137	1,169,923	—
Italy	3,903,769	—	3,903,769	—
Japan	24,686,751	—	24,686,751	—
Jersey, Channel Islands	115,511	—	115,511	—
Liechtenstein	66,632	—	66,632	—
Luxembourg	489,428	—	489,428	—
Macau	12,204	—	12,204	—
Malaysia	13,172	—	13,172	—
Malta	10,402	—	10,402	—
Mauritius	10,987	—	10,987	—
Netherlands	2,013,562	—	2,013,562	—
New Zealand	467,484	—	467,484	—
Norway	896,068	—	896,068	—
Peru	17,249	—	17,249	—
Portugal	377,654	—	377,654	—
Singapore	1,103,970	—	1,088,445	15,525
South Africa	140,348	—	140,348	—
Spain	2,457,691	—	2,457,691	—
Sweden	2,816,658	—	2,816,658	—
Switzerland	7,657,114	—	7,657,114	—
Taiwan	11,492	—	11,492	—
United Arab Emirates	112,180	35,209	76,971	—
United Kingdom	11,136,940	560	11,103,229	33,151

320

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Small Company Trust (continued)
United States	$808,832	$352,379	$456,453	—
Preferred securities	373,066	—	373,066	—
Warrants	1,404	12	1,392	—
Rights	66	9	57	—
Short-term investments	1,651,854	1,651,854	—	—
Total investments in securities	$102,311,390	$13,613,985	$88,580,398	$117,007
Derivatives:
Assets
Futures	$10,428	$10,428	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Investment Quality Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$147,300,344	—	$147,300,344	—
Foreign government obligations	6,805,375	—	6,805,375	—
Corporate bonds	52,903,538	—	52,903,538	—
Municipal bonds	3,942,723	—	3,942,723	—
Collateralized mortgage obligations	29,349,575	—	29,349,575	—
Asset backed securities	24,605,863	—	24,605,863	—
Common stocks	9,844	—	9,844	—
Short-term investments	6,924,931	$24,931	6,900,000	—
Total investments in securities	$271,842,193	$24,931	$271,817,262	—
Derivatives:
Assets
Futures	$326,932	$326,932	—	—
Forward foreign currency contracts	7,452	—	$7,452	—
Swap contracts	1,091,469	—	1,091,469	—
Liabilities
Futures	(1,318,810)	(1,318,810)	—	—
Forward foreign currency contracts	(83,534)	—	(83,534)	—
Swap contracts	(32,750)	—	(32,750)	—
Lifestyle Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$935,537,844	$935,537,844	—	—
Total investments in securities	$935,537,844	$935,537,844	—	—
Lifestyle Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$169,113,551	$169,113,551	—	—
Short-term investments	35,384	35,384	—	—
Total investments in securities	$169,148,935	$169,148,935	—	—
Lifestyle Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$5,043,703,676	$5,043,703,676	—	—
Total investments in securities	$5,043,703,676	$5,043,703,676	—	—

321

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Lifestyle Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$284,153,798	$284,153,798	—	—
Short-term investments	26,171	26,171	—	—
Total investments in securities	$284,179,969	$284,179,969	—	—
Managed Volatility Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$4,179,074,304	$4,179,074,304	—	—
Unaffiliated investment companies	85,437,528	85,437,528	—	—
Short-term investments	62,470,403	62,470,403	—	—
Total investments in securities	$4,326,982,235	$4,326,982,235	—	—
Derivatives:
Assets
Futures	$2,715	$2,715	—	—
Liabilities
Futures	(26,322,619)	(26,322,619)	—	—
Managed Volatility Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$639,811,121	$639,811,121	—	—
Unaffiliated investment companies	5,454,545	5,454,545	—	—
Short-term investments	4,080,466	4,080,466	—	—
Total investments in securities	$649,346,132	$649,346,132	—	—
Derivatives:
Liabilities
Futures	$(6,466,602)	$(6,466,602)	—	—
Managed Volatility Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$5,306,982,784	$5,306,982,784	—	—
Unaffiliated investment companies	140,919,199	140,919,199	—	—
Short-term investments	110,212,917	110,212,917	—	—
Total investments in securities	$5,558,114,900	$5,558,114,900	—	—
Derivatives:
Assets
Futures	$56,890	$56,890	—	—
Liabilities
Futures	(46,898,594)	(46,898,594)	—	—
Managed Volatility Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$1,162,260,127	$1,162,260,127	—	—
Unaffiliated investment companies	23,080,311	23,080,311	—	—
Short-term investments	14,107,253	14,107,253	—	—
Total investments in securities	$1,199,447,691	$1,199,447,691	—	—

322

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Managed Volatility Moderate Portfolio (continued)
Derivatives:
Assets
Futures	$1,893	$1,893	—	—
Liabilities
Futures	(6,811,087)	(6,811,087)	—	—
Mid Cap Growth Trust
Investments in securities:
Assets
Common stocks	$532,832,980	$532,832,980	—	—
Preferred securities	3,562,958	—	—	$3,562,958
Exchange-traded funds	42,366,235	42,366,235	—	—
Short-term investments	24,414,632	6,714,632	$17,700,000	—
Total investments in securities	$603,176,805	$581,913,847	$17,700,000	$3,562,958
Mid Cap Index Trust
Investments in securities:
Assets
Common stocks	$1,114,181,088	$1,114,181,088	—	—
Short-term investments	57,700,687	57,700,687	—	—
Total investments in securities	$1,171,881,775	$1,171,881,775	—	—
Derivatives:
Assets
Futures	$1,483,323	$1,483,323	—	—
Mid Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$27,827,752	$27,827,752	—	—
Consumer discretionary	48,591,713	42,532,926	$6,058,787	—
Consumer staples	43,258,246	43,258,246	—	—
Energy	38,675,345	38,675,345	—	—
Financials	90,394,726	90,394,726	—	—
Health care	67,104,407	65,117,671	1,986,736	—
Industrials	91,083,539	80,514,653	10,568,886	—
Information technology	42,647,836	42,647,836	—	—
Materials	36,735,131	34,095,294	2,639,837	—
Real estate	41,286,828	41,286,828	—	—
Utilities	39,600,513	39,600,513	—	—
Short-term investments	35,195,816	35,195,816	—	—
Total investments in securities	$602,401,852	$581,147,606	$21,254,246	—
Opportunistic Fixed Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$49,477,510	—	$49,477,510	—
Foreign government obligations	68,886,462	—	68,886,462	—
Corporate bonds	35,106,993	—	35,106,993	—
Convertible bonds	6,151,860	—	6,151,860	—
Municipal bonds	3,424,072	—	3,424,072	—
Term loans	6,445,894	—	6,445,894	—
Collateralized mortgage obligations	5,784,957	—	5,784,957	—

323

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Opportunistic Fixed Income Trust (continued)
Asset backed securities	$5,254,583	—	$5,254,583	—
Preferred securities	565,597	$558,275	7,322	—
Exchange-traded funds	509,732	509,732	—	—
Short-term investments	11,199,442	10,958,337	241,105	—
Total investments in securities	$192,807,102	$12,026,344	$180,780,758	—
Liabilities
Sale commitments outstanding	$(2,894,307)	—	$(2,894,307)	—
Derivatives:
Assets
Futures	218,840	$218,840	—	—
Forward foreign currency contracts	660,205	—	660,205	—
Swap contracts	2,429,013	—	2,429,013	—
Liabilities
Futures	(1,075,871)	(1,075,871)	—	—
Forward foreign currency contracts	(1,053,751)	—	(1,053,751)	—
Swap contracts	(1,367,790)	—	(1,367,790)	—
Real Estate Securities Trust
Investments in securities:
Assets
Common stocks	$285,897,821	$285,897,821	—	—
Short-term investments	4,707,650	4,707,650	—	—
Total investments in securities	$290,605,471	$290,605,471	—	—
Science & Technology Trust
Investments in securities:
Assets
Common stocks
Communication services	$88,154,025	$87,085,307	—	$1,068,718
Consumer discretionary	172,154,440	113,053,761	$59,100,679	—
Financials	23,096,523	23,096,523	—	—
Health care	2,494,765	2,494,765	—	—
Industrials	2,206,922	2,206,922	—	—
Information technology	436,426,687	416,365,476	20,061,211	—
Real estate	2,483,480	2,483,480	—	—
Short-term investments	52,006,134	52,006,134	—	—
Total investments in securities	$779,022,976	$698,792,368	$79,161,890	$1,068,718
Select Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$2,807,854,083	—	$2,807,854,083	—
Foreign government obligations	8,536,150	—	8,536,150	—
Corporate bonds	1,812,045,568	—	1,812,045,568	—
Municipal bonds	57,713,094	—	57,713,094	—
Collateralized mortgage obligations	599,884,100	—	599,884,100	—
Asset backed securities	701,838,077	—	701,838,077	—
Short-term investments	99,322,943	$99,322,943	—	—
Total investments in securities	$6,087,194,015	$99,322,943	$5,987,871,072	—
Derivatives:
Assets
Futures	$2,083,201	$2,083,201	—	—

324

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Short Term Government Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$161,824,590	—	$161,824,590	—
Municipal bonds	7,649,373	—	7,649,373	—
Collateralized mortgage obligations	1,176,897	—	1,176,897	—
Short-term investments	583,037	$583,037	—	—
Total investments in securities	$171,233,897	$583,037	$170,650,860	—
Derivatives:
Liabilities
Futures	$(5,467)	$(5,467)	—	—
Small Cap Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$13,117,045	$13,117,045	—	—
Consumer discretionary	54,330,028	54,317,771	$12,257	—
Consumer staples	17,908,167	17,908,167	—	—
Energy	30,652,946	30,652,946	—	—
Financials	76,572,287	76,572,287	—	—
Health care	76,169,143	76,017,091	—	$152,052
Industrials	81,059,446	81,059,446	—	—
Information technology	59,274,220	59,274,220	—	—
Materials	21,871,812	21,858,694	—	13,118
Real estate	30,117,730	30,117,730	—	—
Utilities	15,806,171	15,806,171	—	—
Warrants	12,525	12,525	—	—
Short-term investments	30,293,700	30,293,700	—	—
Total investments in securities	$507,185,220	$507,007,793	$12,257	$165,170
Derivatives:
Liabilities
Futures	$(283,172)	$(283,172)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Small Cap Opportunities Trust
Investments in securities:
Assets
Common stocks
Communication services	$2,926,279	$2,924,290	—	$1,989
Consumer discretionary	23,211,401	23,211,401	—	—
Consumer staples	5,270,712	5,270,712	—	—
Energy	11,095,066	11,095,066	—	—
Financials	29,280,483	29,280,483	—	—
Health care	17,899,063	17,876,253	—	22,810
Industrials	30,435,883	30,435,883	—	—
Information technology	19,339,407	19,339,407	—	—
Materials	10,319,956	10,309,248	—	10,708
Real estate	2,415,615	2,415,615	—	—
Utilities	560,845	560,845	—	—
Preferred securities	40,855	40,855	—	—
Short-term investments	1,896,424	1,896,424	—	—
Total investments in securities	$154,691,989	$154,656,482	—	$35,507

325

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Small Cap Opportunities Trust (continued)
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Small Cap Stock Trust
Investments in securities:
Assets
Common stocks	$249,043,148	$249,043,148	—	—
Exchange-traded funds	3,583,756	3,583,756	—	—
Short-term investments	7,656,102	5,356,102	$2,300,000	—
Total investments in securities	$260,283,006	$257,983,006	$2,300,000	—
Small Cap Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$13,730,359	$13,730,359	—	—
Consumer discretionary	42,612,996	42,612,996	—	—
Consumer staples	19,905,753	12,959,096	$6,946,657	—
Energy	11,242,028	11,242,028	—	—
Financials	103,461,734	103,461,734	—	—
Health care	20,764,619	20,764,619	—	—
Industrials	87,925,786	87,925,786	—	—
Information technology	45,485,145	45,485,145	—	—
Materials	36,594,087	36,594,087	—	—
Real estate	41,414,410	41,414,410	—	—
Utilities	13,369,615	13,369,615	—	—
Short-term investments	9,843,750	2,543,750	7,300,000	—
Total investments in securities	$446,350,282	$432,103,625	$14,246,657	—
Small Company Value Trust
Investments in securities:
Assets
Common stocks	$124,343,398	$124,343,398	—	—
Warrants	517	517	—	—
Short-term investments	5,291,919	5,291,919	—	—
Total investments in securities	$129,635,834	$129,635,834	—	—
Strategic Equity Allocation Trust
Investments in securities:
Assets
Common stocks
Communication services	$427,387,034	$330,698,717	$96,688,317	—
Consumer discretionary	761,635,249	495,656,101	265,979,148	—
Consumer staples	538,971,704	309,219,046	229,752,658	—
Energy	315,715,671	215,624,950	100,090,721	—
Financials	1,018,508,899	615,398,329	403,110,570	—
Health care	932,620,004	640,420,990	292,096,454	$102,560
Industrials	842,924,642	494,037,636	348,887,006	—
Information technology	1,256,111,617	1,082,825,039	173,286,578	—
Materials	321,931,959	149,255,515	172,666,196	10,248
Real estate	208,758,795	155,761,193	52,997,602	—
Utilities	214,483,241	138,051,214	76,432,027	—
Preferred securities	11,526,950	—	11,526,950	—
Warrants	283,799	283,799	—	—

326

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Strategic Equity Allocation Trust (continued)
Short-term investments	$273,915,420	$273,915,420	—	—
Total investments in securities	$7,124,774,984	$4,901,147,949	$2,223,514,227	$112,808
Derivatives:
Assets
Futures	$9,847,969	$9,847,969	—	—
Liabilities
Futures	(138,747)	(138,747)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Strategic Income Opportunities Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$57,473,103	—	$57,473,103	—
Foreign government obligations	85,467,696	—	85,467,696	—
Corporate bonds	169,838,408	—	169,838,408	—
Convertible bonds	9,438,519	—	9,438,519	—
Municipal bonds	3,112,362	—	3,112,362	—
Term loans	2,880,977	—	2,880,977	—
Collateralized mortgage obligations	21,182,043	—	21,182,043	—
Asset backed securities	6,728,878	—	6,728,878	—
Common stocks	1,273,157	$1,273,157	—	—
Preferred securities	6,418,976	6,418,976	—	—
Purchased options	2,532	—	2,532	—
Short-term investments	10,187,423	10,187,423	—	—
Total investments in securities	$374,004,074	$17,879,556	$356,124,518	—
Derivatives:
Assets
Futures	$120,605	$120,605	—	—
Forward foreign currency contracts	695,185	—	$695,185	—
Liabilities
Forward foreign currency contracts	(1,346,328)	—	(1,346,328)	—
Written options	(9)	—	(9)	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Total Bond Market Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$606,694,230	—	$606,694,230	—
Foreign government obligations	9,042,579	—	9,042,579	—
Corporate bonds	230,024,685	—	230,024,685	—
Municipal bonds	3,741,107	—	3,741,107	—
Collateralized mortgage obligations	19,689,054	—	19,689,054	—
Asset backed securities	1,224,948	—	1,224,948	—
Short-term investments	8,484,255	$8,484,255	—	—
Total investments in securities	$878,900,858	$8,484,255	$870,416,603	—
Total Stock Market Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$53,621,870	$53,621,660	$210	—
Consumer discretionary	75,129,938	75,127,441	2,468	$29
Consumer staples	49,470,621	49,470,621	—	—

327

	Total value at 3-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Total Stock Market Index Trust (continued)
Energy	$31,460,040	$31,452,930	—	$7,110
Financials	94,480,182	94,473,459	$6,723	—
Health care	96,693,948	96,662,453	—	31,495
Industrials	68,593,512	68,593,512	—	—
Information technology	170,521,937	170,521,937	—	—
Materials	20,816,576	20,816,381	—	195
Real estate	20,943,303	20,940,498	—	2,805
Utilities	18,558,452	18,558,452	—	—
Preferred securities	19,433	19,433	—	—
Warrants	4,483	4,483	—	—
Short-term investments	14,540,693	14,540,693	—	—
Total investments in securities	$714,854,988	$714,803,953	$9,401	$41,634
Derivatives:
Assets
Futures	$435,957	$435,957	—	—
Liabilities
Futures	(9,046)	(9,046)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Ultra Short Term Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$1,704,441	—	$1,704,441	—
Corporate bonds	147,689,817	—	147,689,817	—
Collateralized mortgage obligations	1,022,097	—	1,022,097	—
Asset backed securities	45,659,475	—	45,659,475	—
Short-term investments	74,320,538	$6,299,767	68,020,771	—
Total investments in securities	$270,396,368	$6,299,767	$264,096,601	—

Investment in affiliated underlying funds. Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Managed Volatility Balanced Portfolio, Managed Volatility Conservative Portfolio, Managed Volatility Growth Portfolio and Managed Volatility Moderate 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	25,637,166	$221,283,201	$175,038,746	$(140,047,088)	$46,537	$(29,212)	$2,471,650	—	$256,292,184
Active Bond Trust
John Hancock Collateral Trust	620,090	$12,007,133	$40,905,151	$(46,716,867)	$3,862	$(298)	$118,152	—	$6,198,981
Blue Chip Growth Trust
John Hancock Collateral Trust	76,761	$1,169,436	$9,272,875	$(9,674,325)	$(293)	$(325)	$962	—	$767,368
Capital Appreciation Trust
John Hancock Collateral Trust	—	$2,849,917	$2,045,123	$(4,895,501)	$433	$28	$776	—	—
Capital Appreciation Value Trust
John Hancock Collateral Trust	25,049	—	$2,732,950	$(2,482,196)	$(368)	$23	$1,627	—	$250,409
Core Bond Trust

328

							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	2,018	—	$5,707,121	$(5,686,609)	$(334)	$(5)	$1,010	—	$20,173
Disciplined Value International Trust
John Hancock Collateral Trust	411,398	—	$19,415,144	$(15,302,039)	$(215)	$(187)	$8,862	—	$4,112,703
Emerging Markets Value Trust
John Hancock Collateral Trust	90,721	—	$2,691,320	$(1,784,378)	$(17)	$5	$3,133	—	$906,930
Equity Income Trust
John Hancock Collateral Trust	1,480,933	$56,404,547	$101,946,379	$(143,546,497)	$1,195	$(882)	$30,244	—	$14,804,742
Financial Industries Trust
John Hancock Collateral Trust	317,267	$5,681,050	$21,152,736	$(23,663,765)	$1,768	$(98)	$16,850	—	$3,171,691
Fundamental All Cap Core Trust
John Hancock Collateral Trust	2,014,148	$45,794,358	$14,077,913	$(39,743,974)	$5,150	$1,790	$285,158	—	$20,135,237
Fundamental Large Cap Value Trust
John Hancock Collateral Trust	1,928,361	$6,104,753	$32,581,917	$(19,406,201)	$1,885	$(4,719)	$169,460	—	$19,277,635
High Yield Trust
John Hancock Collateral Trust	774,880	$3,347,124	$17,932,288	$(13,533,515)	$(98)	$602	$35,220	—	$7,746,401
International Equity Index Trust
John Hancock Collateral Trust	673,725	$142,499	$16,840,391	$(10,245,978)	$(1,476)	$(270)	$9,286	—	$6,735,166
International Small Company Trust
John Hancock Collateral Trust	165,237	—	$2,362,197	$(710,320)	$(79)	$56	$8,030	—	$1,651,854
Investment Quality Bond Trust
John Hancock Collateral Trust	2,494	—	$461,698	$(436,828)	$67	$(6)	—	—	$24,931
Lifestyle Balanced Portfolio
Select Bond Trust	39,310,177	$447,978,362	$7,369,704	$(5,111,545)	$(845,130)	$16,041,107	—	—	$465,432,498
Strategic Equity Allocation Trust	28,840,819	450,984,436	2,366,006	(15,673,546)	(888,952)	33,317,402	—	—	470,105,346
					$(1,734,082)	$49,358,509	—	—	$935,537,844
Lifestyle Conservative Portfolio
John Hancock Collateral Trust	3,539	$21,217	$14,167	—	—	—	$323	—	$35,384
Select Bond Trust	11,377,200	132,228,407	929,908	$(2,919,550)	$(457,351)	$4,924,636	—	—	134,706,050
Strategic Equity Allocation Trust	2,110,890	33,107,732	1,681,770	(2,815,381)	(429,128)	2,862,508	—	—	34,407,501
					$(886,479)	$7,787,144	$323	—	$169,148,935
Lifestyle Growth Portfolio
Select Bond Trust	124,499,611	$1,439,741,831	$2,588,826	$(17,223,861)	$(3,008,331)	$51,976,927	—	—	$1,474,075,392
Strategic Equity Allocation Trust	218,995,600	3,432,899,552	—	(109,627,892)	(10,019,522)	256,376,146	—	—	3,569,628,284
					$(13,027,853)	$308,353,073	—	—	$5,043,703,676
Lifestyle Moderate Portfolio
John Hancock Collateral Trust	2,618	$15,630	$10,540	—	—	$1	$235	—	$26,171
Select Bond Trust	14,362,089	164,008,718	1,568,363	$(1,110,645)	$(192,266)	5,772,965	—	—	170,047,135
Strategic Equity Allocation Trust	7,000,409	110,661,403	579,294	(5,087,134)	(23,304)	7,976,404	—	—	114,106,663
					$(215,570)	$13,749,370	$235	—	$284,179,969
Managed Volatility Balanced Portfolio

329

							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	6,911,785	$143,501,447	—	$(20,251,726)	$(13,164,905)	$35,892,086	—	—	$145,976,902
Bond	39,807,221	539,030,673	$5,536,917	(13,974,046)	(1,734,198)	13,713,082	$5,536,917	—	542,572,428
Core Bond	16,603,154	187,375,576	—	(5,161,911)	(899,744)	6,965,850	—	—	188,279,771
Emerging Markets Equity	12,870,808	119,426,144	—	(6,864,797)	(782,026)	6,632,116	—	—	118,411,437
Equity Income	14,354,923	200,741,171	1,369,509	(3,970,399)	(351,814)	(695,370)	—	—	197,093,097
Fundamental Large Cap Core	3,636,090	206,103,381	—	(12,904,098)	2,937,171	23,228,842	—	—	219,365,296
John Hancock Collateral Trust	6,248,977	72,390,026	222,415,013	(232,350,224)	15,999	(411)	578,038	—	62,470,403
Mid Cap Growth	4,805,259	38,234,440	—	(1,738,994)	(1,902,220)	4,857,953	—	—	39,451,179
Mid Value	5,397,800	48,113,770	5,167,708	—	—	1,560,170	—	—	54,841,648
Multifactor Developed International ETF	2,726,250	76,139,932	3,221,115	(2,527,558)	319,742	6,542,644	—	—	83,695,875
Multifactor Emerging Markets ETF	2,632,287	61,770,902	548	(774,776)	37,301	2,746,339	—	—	63,780,314
Multifactor Mid Cap ETF	1,445,555	68,636,680	1,337,520	(2,982,332)	969,330	1,251,975	—	—	69,213,173
Multifactor Small Cap ETF	1,689,344	53,105,953	1,582,823	(3,337,254)	753,916	1,767,742	—	—	53,873,180
Select Bond Trust	116,674,833	1,375,208,322	—	(40,041,934)	(7,247,500)	53,511,136	—	—	1,381,430,024
Small Cap Growth	1,488,944	19,012,810	475,655	—	—	820,728	—	—	20,309,193
Small Cap Value	3,481,301	41,269,394	5,554,973	—	—	904,266	—	—	47,728,633
Strategic Equity Allocation Trust	58,469,457	929,122,886	—	(43,364,654)	(210,939)	67,504,861	—	—	953,052,154
					$(21,259,887)	$227,204,009	$6,114,955	—	$4,241,544,707
Managed Volatility Conservative Portfolio
Blue Chip Growth	489,189	$10,559,819	$253,665	$(2,108,714)	$(1,885,384)	$3,512,291	—	—	$10,331,677
Bond	9,699,384	132,513,178	1,532,868	(4,820,247)	(545,910)	3,522,719	$1,348,524	—	132,202,608
Core Bond	4,032,432	45,937,623	59,157	(1,759,680)	(295,035)	1,785,709	—	—	45,727,774
Emerging Markets Equity	682,687	6,291,977	244,856	(570,047)	(99,120)	413,054	—	—	6,280,720
Equity Income	1,216,568	15,524,399	1,409,110	(139,671)	(8,809)	(81,551)	—	—	16,703,478
Fundamental Large Cap Core	233,671	13,591,175	270,296	(1,476,840)	311,945	1,400,784	—	—	14,097,360
John Hancock Collateral Trust	408,173	7,838,254	32,046,225	(35,805,718)	1,956	(251)	65,169	—	4,080,466
Multifactor Emerging Markets ETF	108,815	2,582,276	53,506	(116,760)	3,810	113,755	—	—	2,636,587
Multifactor Mid Cap ETF	192,030	8,809,696	683,498	(608,737)	161,126	148,813	—	—	9,194,396
Multifactor Small Cap ETF	227,577	6,955,921	575,403	(621,585)	268,123	79,569	—	—	7,257,431
Select Bond Trust	28,396,686	337,573,471	132,392	(12,888,696)	(2,184,087)	13,583,677	—	—	336,216,757
Strategic Equity Allocation Trust	3,629,591	57,614,450	1,368,058	(4,034,690)	(682,242)	4,896,757	—	—	59,162,333
					$(4,953,627)	$29,375,326	$1,413,693	—	$643,891,587
Managed Volatility Growth Portfolio
Blue Chip Growth	10,800,279	$225,414,175	—	$(32,855,469)	$(24,109,146)	$59,652,327	—	—	$228,101,887
Bond	29,403,896	393,922,318	$4,077,497	(6,053,727)	(720,448)	9,549,461	$4,077,497	—	400,775,101
Core Bond	12,289,876	137,251,685	—	(2,374,447)	(428,549)	4,918,507	—	—	139,367,196

330

							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
Emerging Markets Equity	27,324,957	$246,575,823	$3,242,134	$(10,537,433)	$(1,225,382)	$13,334,463	—	—	$251,389,605
Equity Income	22,226,817	310,000,756	1,747,131	(4,771,174)	(830,688)	(971,828)	—	—	305,174,197
Fundamental Large Cap Core	6,227,008	351,203,755	—	(20,080,043)	4,545,355	40,006,321	—	—	375,675,388
John Hancock Collateral Trust	11,024,709	117,855,450	396,382,592	(404,050,800)	24,764	911	$968,904	—	110,212,917
Mid Cap Growth	11,039,485	88,502,091	—	(4,708,617)	(5,177,334)	12,018,030	—	—	90,634,170
Mid Value	11,227,140	105,443,905	5,102,908	—	—	3,520,933	—	—	114,067,746
Multifactor Developed International ETF	5,944,931	167,365,251	3,942,178	(3,847,168)	497,822	14,551,299	—	—	182,509,382
Multifactor Emerging Markets ETF	5,390,763	125,731,565	472	(756,211)	27,304	5,615,057	—	—	130,618,187
Multifactor Mid Cap ETF	2,552,185	122,564,300	2,027,566	(6,354,407)	2,032,479	1,928,680	—	—	122,198,618
Multifactor Small Cap ETF	3,577,238	113,408,081	3,214,072	(7,948,173)	1,796,345	3,607,795	—	—	114,078,120
Select Bond Trust	86,658,059	1,010,373,238	—	(18,635,036)	(3,676,694)	37,969,913	—	—	1,026,031,421
Small Cap Growth	2,667,749	33,961,098	1,000,922	—	—	1,426,078	—	—	36,388,098
Small Cap Value	5,390,720	64,986,863	7,549,153	—	—	1,370,758	—	—	73,906,774
Strategic Equity Allocation Trust	105,280,178	1,677,074,319	—	(82,035,063)	(844,945)	121,872,583	—	—	1,716,066,894
					$(28,089,117)	$330,371,288	$5,046,401	—	$5,417,195,701
Managed Volatility Moderate Portfolio
Blue Chip Growth	1,667,904	$34,809,656	—	$(5,072,166)	$(3,216,208)	$8,704,844	—	—	$35,226,126
Bond	13,315,846	181,529,102	$1,853,712	(5,926,454)	(715,074)	4,753,701	$1,853,712	—	181,494,987
Core Bond	5,557,870	63,168,483	—	(2,181,984)	(459,784)	2,499,533	—	—	63,026,248
Emerging Markets Equity	2,477,916	23,107,086	19,342	(1,461,096)	(171,901)	1,303,395	—	—	22,796,826
Equity Income	3,661,644	51,193,151	787,068	(1,480,106)	(105,226)	(120,521)	—	—	50,274,366
Fundamental Large Cap Core	854,323	49,139,934	—	(3,803,077)	1,226,100	4,978,376	—	—	51,541,333
John Hancock Collateral Trust	1,411,163	18,389,625	58,627,634	(62,913,934)	4,212	(284)	140,993	—	14,107,253
Mid Cap Growth	1,316,352	10,563,279	—	(572,885)	(587,731)	1,404,583	—	—	10,807,246
Mid Value	1,365,284	12,378,930	1,081,807	—	—	410,544	—	—	13,871,281
Multifactor Developed International ETF	423,069	11,112,924	1,305,202	(453,653)	55,359	968,386	—	—	12,988,218
Multifactor Emerging Markets ETF	409,991	9,716,077	147	(221,055)	4,618	434,295	—	—	9,934,082
Multifactor Mid Cap ETF	184,233	8,745,704	228,107	(440,975)	142,251	145,989	—	—	8,821,076
Multifactor Small Cap ETF	227,830	7,160,599	258,554	(497,365)	111,446	232,265	—	—	7,265,499
Select Bond Trust	39,067,094	463,737,362	—	(16,752,433)	(3,065,247)	18,634,713	—	—	462,554,395
Small Cap Growth	352,339	4,519,197	92,420	—	—	194,283	—	—	4,805,900
Small Cap Value	752,304	8,420,067	1,740,979	—	—	153,041	—	—	10,314,087
Strategic Equity Allocation Trust	13,284,568	212,747,460	—	(11,609,495)	(66,903)	15,467,395	—	—	216,538,457
					$(6,844,088)	$60,164,538	$1,994,705	—	$1,176,367,380

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							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
Mid Cap Growth Trust
John Hancock Collateral Trust	671,671	$15,839,582	$30,303,233	$(39,427,930)	$71	$(324)	$29,406	—	$6,714,632
Mid Cap Index Trust
John Hancock Collateral Trust	5,771,858	$37,907,021	$110,689,178	$(90,901,904)	$9,623	$(3,231)	$331,138	—	$57,700,687
Mid Value Trust
John Hancock Collateral Trust	457,708	$13,043,847	$62,546,903	$(71,010,130)	$(3,687)	$(1,271)	$5,020	—	$4,575,662
Opportunistic Fixed Income Trust
John Hancock Collateral Trust	6,978	$291,498	$31,243	$(253,018)	$156	$(119)	$1,319	—	$69,760
Real Estate Securities Trust
John Hancock Collateral Trust	—	—	$3,834,524	$(3,834,524)	—	—	$8	—	—
Science & Technology Trust
John Hancock Collateral Trust	218,259	$2,946,108	$10,138,635	$(10,903,249)	$622	$(200)	$10,268	—	$2,181,916
Select Bond Trust
John Hancock Collateral Trust	9,935,374	$195,160,389	$505,081,092	$(600,967,060)	$70,581	$(22,059)	$1,193,851	—	$99,322,943
Short Term Government Income Trust
John Hancock Collateral Trust	58,322	$484,928	$29,854,239	$(29,756,172)	$95	$(53)	$36,455	—	$583,037
Small Cap Index Trust
John Hancock Collateral Trust	3,030,309	$24,839,413	$31,523,729	$(26,072,044)	$6,173	$(3,571)	$388,126	—	$30,293,700
Small Cap Opportunities Trust
John Hancock Collateral Trust	62,160	$914,649	$2,834,633	$(3,127,938)	$287	$(220)	$1,181	—	$621,411
Small Cap Stock Trust
John Hancock Collateral Trust	535,776	$6,298,427	$34,744,525	$(35,687,550)	$840	$(140)	$9,754	—	$5,356,102
Small Cap Value Trust
John Hancock Collateral Trust	254,454	$6,088,199	$28,316,100	$(31,860,564)	$64	$(49)	$11,730	—	$2,543,750
Small Company Value Trust
John Hancock Collateral Trust	200,288	$846,797	$5,133,544	$(3,978,191)	$184	$(71)	$6,639	—	$2,002,263
Strategic Equity Allocation Trust
John Hancock Collateral Trust	27,400,036	$234,391,847	$419,059,271	$(379,563,964)	$62,984	$(34,718)	$2,343,943	—	$273,915,420
Strategic Income Opportunities Trust
John Hancock Collateral Trust	1,019,058	$8,306,745	$28,461,305	$(26,582,172)	$1,539	$6	$92,537	—	$10,187,423
Total Bond Market Trust
John Hancock Collateral Trust	848,689	$4,633,816	$26,621,651	$(22,770,805)	$254	$(661)	$55,298	—	$8,484,255
Total Stock Market Index Trust
John Hancock Collateral Trust	1,454,521	$25,260,797	$17,989,449	$(28,711,768)	$3,335	$(1,120)	$251,667	—	$14,540,693
Ultra Short Term Bond Trust
John Hancock Collateral Trust	630,172	$1,046,684	$99,481,454	$(94,224,653)	$(3,129)	$(589)	$63,843	—	$6,299,767

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:

332

							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.	68,000	$1,212,851	—	—	—	$34,948	$15,541	—	$1,247,799

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, 2023:

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
High Yield Trust
KCAD Holdings I, Ltd.	3-21-11	$1,353,651	165,553,563	—	—	165,553,563	0.0%1	$166
MWO Holdings LLC	8-30-16	438,156	445	—	—	445	0.0%1	2,768
New Cotai, Inc., Class B	4-12-13	0	3	—	—	3	0.0%	0
								$2,934
Mid Cap Growth Trust
Essence Group Holdings Corp.	5-1-14	$2,731,549	1,663,188	—	—	1,663,188	0.3%	$1,896,034
Lookout, Inc., Series F	7-31-14	2,338,736	211,003	—	—	211,003	0.3%	1,666,924
								$3,562,958

¹ 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 Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio and Lifestyle Moderate Portfolio (collectively, the Lifestyle Portfolios), Managed Volatility Balanced Portfolio, Managed Volatility Conservative Portfolio, Managed Volatility Growth Portfolio and Managed Volatility Moderate Portfolio (collectively, the Managed Volatility 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 and Managed Volatility 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 www.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 SEC website at www.sec.gov. Capital Research and Management Company serves as investment advisor for the American Funds Insurance Series' master funds. 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.

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