John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

500 Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.9%
Communication services – 9.9%
Diversified telecommunication services – 0.7%
AT&T, Inc.	1,483,843	$	41,903,726
Verizon Communications, Inc.	877,509		38,566,521
			80,470,247
Entertainment – 1.5%
Electronic Arts, Inc.	46,253		9,329,230
Live Nation Entertainment, Inc. (A)	32,687		5,341,056
Netflix, Inc. (A)	88,225		105,774,717
Take-Two Interactive Software, Inc. (A)	36,262		9,368,650
The Walt Disney Company	372,479		42,648,846
TKO Group Holdings, Inc.	13,773		2,781,595
Warner Brothers Discovery, Inc. (A)	514,105		10,040,471
			185,284,565
Interactive media and services – 7.1%
Alphabet, Inc., Class A	1,207,678		293,586,522
Alphabet, Inc., Class C	969,530		236,129,032
Match Group, Inc. (A)	52,341		1,848,684
Meta Platforms, Inc., Class A	450,309		330,697,923
			862,262,161
Media – 0.4%
Charter Communications, Inc., Class A (A)	18,848		5,185,179
Comcast Corp., Class A	764,801		24,030,047
Fox Corp., Class A	46,101		2,907,129
Fox Corp., Class B	27,500		1,575,475
News Corp., Class A	78,985		2,425,629
News Corp., Class B	23,339		806,362
Omnicom Group, Inc.	40,668		3,315,662
Paramount Skydance Corp., Class B (B)	64,159		1,213,888
The Interpublic Group of Companies, Inc.	77,651		2,167,239
The Trade Desk, Inc., Class A (A)	94,164		4,614,978
			48,241,588
Wireless telecommunication services – 0.2%
T-Mobile US, Inc.	99,784		23,886,294
			1,200,144,855
Consumer discretionary – 10.3%
Automobile components – 0.0%
Aptiv PLC (A)	44,765		3,859,638
Automobiles – 2.3%
Ford Motor Company	813,683		9,731,649
General Motors Company	195,168		11,899,393
Tesla, Inc. (A)	582,621		259,103,211
			280,734,253
Broadline retail – 3.7%
Amazon.com, Inc. (A)	2,014,912		442,414,228
eBay, Inc.	96,933		8,816,056
			451,230,284
Distributors – 0.1%
Genuine Parts Company	28,982		4,016,905
LKQ Corp.	54,189		1,654,932
Pool Corp.	6,683		2,072,198
			7,744,035
Hotels, restaurants and leisure – 1.8%
Airbnb, Inc., Class A (A)	90,234		10,956,212
Booking Holdings, Inc.	6,728		36,326,289
Carnival Corp. (A)	227,769		6,584,802
Chipotle Mexican Grill, Inc. (A)	279,948		10,971,162
Darden Restaurants, Inc.	24,493		4,662,487
Domino's Pizza, Inc.	6,398		2,762,081
DoorDash, Inc., Class A (A)	76,784		20,884,480

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Expedia Group, Inc.	24,046	$	5,139,833
Hilton Worldwide Holdings, Inc.	48,616		12,612,935
Las Vegas Sands Corp.	64,442		3,466,335
Marriott International, Inc., Class A	47,271		12,311,259
McDonald's Corp.	148,128		45,014,618
MGM Resorts International (A)	37,236		1,290,600
Norwegian Cruise Line Holdings, Ltd. (A)	91,658		2,257,537
Royal Caribbean Cruises, Ltd.	52,649		17,036,163
Starbucks Corp.	236,281		19,989,373
Wynn Resorts, Ltd.	16,430		2,107,476
Yum! Brands, Inc.	58,173		8,842,296
			223,215,938
Household durables – 0.3%
D.R. Horton, Inc.	57,043		9,667,077
Garmin, Ltd.	33,922		8,352,275
Lennar Corp., Class A	48,115		6,064,415
Mohawk Industries, Inc. (A)	10,921		1,407,935
NVR, Inc. (A)	611		4,909,177
PulteGroup, Inc.	39,604		5,232,877
			35,633,756
Leisure products – 0.0%
Hasbro, Inc.	27,335		2,073,360
Specialty retail – 1.8%
AutoZone, Inc. (A)	3,468		14,878,552
Best Buy Company, Inc.	40,732		3,080,154
CarMax, Inc. (A)	32,294		1,449,032
Lowe's Companies, Inc.	115,989		29,149,196
O'Reilly Automotive, Inc. (A)	176,274		19,004,100
Ross Stores, Inc.	69,157		10,538,835
The Home Depot, Inc.	206,214		83,555,851
The TJX Companies, Inc.	230,901		33,374,431
Tractor Supply Company	111,355		6,332,759
Ulta Beauty, Inc. (A)	9,158		5,007,137
Williams-Sonoma, Inc.	25,486		4,981,239
			211,351,286
Textiles, apparel and luxury goods – 0.3%
Deckers Outdoor Corp. (A)	31,669		3,210,287
Lululemon Athletica, Inc. (A)	21,402		3,808,058
NIKE, Inc., Class B	245,187		17,096,890
Ralph Lauren Corp.	8,383		2,628,573
Tapestry, Inc.	42,589		4,821,927
			31,565,735
			1,247,408,285
Consumer staples – 4.8%
Beverages – 1.0%
Brown-Forman Corp., Class B	37,964		1,028,065
Constellation Brands, Inc., Class A	29,382		3,956,874
Keurig Dr. Pepper, Inc.	284,045		7,245,988
Molson Coors Beverage Company, Class B	36,411		1,647,598
Monster Beverage Corp. (A)	145,961		9,824,635
PepsiCo, Inc.	283,513		39,816,566
The Coca-Cola Company	804,270		53,339,186
			116,858,912
Consumer staples distribution and retail – 1.7%
Costco Wholesale Corp.	91,996		85,154,257
Dollar General Corp.	45,842		4,737,771
Dollar Tree, Inc. (A)	38,542		3,637,209
Sysco Corp.	98,147		8,081,424
Target Corp.	96,029		8,613,801
The Kroger Company	128,370		8,653,422

 

1

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Walmart, Inc.	911,502	$	93,939,396
			212,817,280
Food products – 0.5%
Archer-Daniels-Midland Company	99,670		5,954,286
Bunge Global SA	30,803		2,502,744
Conagra Brands, Inc.	99,488		1,821,625
General Mills, Inc.	107,747		5,432,604
Hormel Foods Corp.	60,583		1,498,823
Kellanova	56,045		4,596,811
Lamb Weston Holdings, Inc.	29,725		1,726,428
McCormick & Company, Inc.	52,570		3,517,459
Mondelez International, Inc., Class A	269,249		16,819,985
The Campbell's Company (B)	40,946		1,293,075
The Hershey Company	30,797		5,760,579
The J.M. Smucker Company	22,181		2,408,857
The Kraft Heinz Company	177,300		4,616,892
Tyson Foods, Inc., Class A	59,587		3,235,574
			61,185,742
Household products – 0.9%
Church & Dwight Company, Inc.	51,070		4,475,264
Colgate-Palmolive Company	168,094		13,437,434
Kimberly-Clark Corp.	69,516		8,643,619
The Clorox Company	25,803		3,181,510
The Procter & Gamble Company	485,845		74,650,084
			104,387,911
Personal care products – 0.1%
Kenvue, Inc.	399,658		6,486,449
The Estee Lauder Companies, Inc., Class A	48,660		4,287,919
			10,774,368
Tobacco – 0.6%
Altria Group, Inc.	347,938		22,984,784
Philip Morris International, Inc.	324,109		52,570,480
			75,555,264
			581,579,477
Energy – 2.8%
Energy equipment and services – 0.2%
Baker Hughes Company	206,269		10,049,426
Halliburton Company	183,126		4,504,900
Schlumberger, Ltd.	306,883		10,547,569
			25,101,895
Oil, gas and consumable fuels – 2.6%
APA Corp.	77,117		1,872,401
Chevron Corp.	400,207		62,148,145
ConocoPhillips	259,262		24,523,593
Coterra Energy, Inc.	153,548		3,631,410
Devon Energy Corp.	127,034		4,453,812
Diamondback Energy, Inc.	38,954		5,574,317
EOG Resources, Inc.	115,173		12,913,197
EQT Corp.	131,392		7,151,667
Expand Energy Corp.	47,917		5,090,702
Exxon Mobil Corp.	885,988		99,895,147
Kinder Morgan, Inc.	402,903		11,406,184
Marathon Petroleum Corp.	62,382		12,023,507
Occidental Petroleum Corp.	152,480		7,204,680
ONEOK, Inc.	128,815		9,399,631
Phillips 66	83,456		11,351,685
Targa Resources Corp.	45,456		7,615,698
Texas Pacific Land Corp.	3,927		3,666,404
The Williams Companies, Inc.	254,106		16,097,615

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
Valero Energy Corp.	63,851	$	10,871,271
			316,891,066
			341,992,961
Financials – 13.3%
Banks – 3.5%
Bank of America Corp.	1,415,655		73,033,641
Citigroup, Inc.	382,635		38,837,453
Citizens Financial Group, Inc.	91,865		4,883,543
Fifth Third Bancorp	139,777		6,227,065
Huntington Bancshares, Inc.	302,842		5,230,081
JPMorgan Chase & Co.	571,033		180,120,939
KeyCorp	187,894		3,511,739
M&T Bank Corp.	31,922		6,308,426
Regions Financial Corp.	189,455		4,995,928
The PNC Financial Services Group, Inc.	80,991		16,273,522
Truist Financial Corp.	264,149		12,076,892
U.S. Bancorp	325,193		15,716,578
Wells Fargo & Company	665,173		55,754,801
			422,970,608
Capital markets – 3.4%
Ameriprise Financial, Inc.	19,423		9,541,549
BlackRock, Inc.	29,873		34,828,035
Cboe Global Markets, Inc.	21,822		5,351,846
CME Group, Inc.	75,118		20,296,132
Coinbase Global, Inc., Class A (A)	46,945		15,843,468
FactSet Research Systems, Inc.	7,919		2,268,714
Franklin Resources, Inc.	64,405		1,489,688
Interactive Brokers Group, Inc., Class A	93,256		6,416,945
Intercontinental Exchange, Inc.	119,689		20,165,203
Invesco, Ltd.	93,687		2,149,180
KKR & Company, Inc.	143,144		18,601,563
Moody's Corp.	32,049		15,270,708
Morgan Stanley	252,250		40,097,660
MSCI, Inc.	15,986		9,070,616
Nasdaq, Inc.	93,466		8,267,068
Northern Trust Corp.	38,611		5,197,041
Raymond James Financial, Inc.	36,080		6,227,408
Robinhood Markets, Inc., Class A (A)	160,676		23,005,590
S&P Global, Inc.	64,806		31,541,728
State Street Corp.	58,888		6,831,597
T. Rowe Price Group, Inc.	46,310		4,753,258
The Bank of New York Mellon Corp.	145,898		15,897,046
The Blackstone Group, Inc.	152,378		26,033,781
The Charles Schwab Corp.	354,798		33,872,565
The Goldman Sachs Group, Inc.	62,965		50,142,178
			413,160,567
Consumer finance – 0.6%
American Express Company	112,652		37,418,488
Capital One Financial Corp.	132,866		28,244,654
Synchrony Financial	76,475		5,433,549
			71,096,691
Financial services – 4.0%
Apollo Global Management, Inc.	95,702		12,754,206
Berkshire Hathaway, Inc., Class B (A)	380,713		191,399,654
Block, Inc. (A)	114,877		8,302,161
Corpay, Inc. (A)	14,531		4,185,800
Fidelity National Information Services, Inc.	109,527		7,222,210
Fiserv, Inc. (A)	112,521		14,507,333
Global Payments, Inc.	51,009		4,237,828
Jack Henry & Associates, Inc.	15,208		2,264,927
Mastercard, Inc., Class A	171,407		97,498,016
PayPal Holdings, Inc. (A)	198,035		13,280,227

 

2

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	352,632	$	120,381,512
			476,033,874
Insurance – 1.8%
Aflac, Inc.	99,165		11,076,731
American International Group, Inc.	114,445		8,988,510
Aon PLC, Class A	45,081		16,074,983
Arch Capital Group, Ltd.	78,111		7,087,011
Arthur J. Gallagher & Company	52,830		16,363,564
Assurant, Inc.	10,691		2,315,671
Brown & Brown, Inc.	60,066		5,633,590
Chubb, Ltd.	77,434		21,855,747
Cincinnati Financial Corp.	32,584		5,151,530
Erie Indemnity Company, Class A	5,199		1,654,114
Everest Group, Ltd.	8,959		3,137,711
Globe Life, Inc.	17,499		2,501,832
Loews Corp.	35,398		3,553,605
Marsh & McLennan Companies, Inc.	102,376		20,631,835
MetLife, Inc.	114,518		9,432,848
Principal Financial Group, Inc.	43,864		3,636,764
Prudential Financial, Inc.	74,209		7,698,442
The Allstate Corp.	55,199		11,848,465
The Hartford Insurance Group, Inc.	57,665		7,691,934
The Progressive Corp.	122,114		30,156,052
The Travelers Companies, Inc.	46,048		12,857,523
W.R. Berkley Corp.	62,754		4,808,211
Willis Towers Watson PLC	19,941		6,888,618
			221,045,291
			1,604,307,031
Health care – 8.7%
Biotechnology – 1.6%
AbbVie, Inc.	366,883		84,948,090
Amgen, Inc.	112,050		31,620,510
Biogen, Inc. (A)	30,376		4,255,070
Gilead Sciences, Inc.	256,666		28,489,926
Incyte Corp. (A)	33,331		2,826,802
Moderna, Inc. (A)	70,590		1,823,340
Regeneron Pharmaceuticals, Inc.	21,132		11,881,890
Vertex Pharmaceuticals, Inc. (A)	53,292		20,871,279
			186,716,907
Health care equipment and supplies – 2.0%
Abbott Laboratories	361,187		48,377,387
Align Technology, Inc. (A)	14,628		1,831,718
Baxter International, Inc.	106,434		2,423,502
Becton, Dickinson and Company	59,388		11,115,652
Boston Scientific Corp. (A)	307,223		29,994,181
DexCom, Inc. (A)	81,421		5,478,819
Edwards Lifesciences Corp. (A)	122,946		9,561,510
GE HealthCare Technologies, Inc.	95,236		7,152,224
Hologic, Inc. (A)	45,160		3,047,848
IDEXX Laboratories, Inc. (A)	16,522		10,555,741
Insulet Corp. (A)	14,622		4,514,250
Intuitive Surgical, Inc. (A)	74,353		33,252,892
Medtronic PLC	267,334		25,460,890
ResMed, Inc.	30,600		8,376,138
Solventum Corp. (A)	28,809		2,103,057
STERIS PLC	20,576		5,091,325
Stryker Corp.	71,519		26,438,429
The Cooper Companies, Inc. (A)	41,515		2,846,268
Zimmer Biomet Holdings, Inc.	41,498		4,087,553
			241,709,384
Health care providers and services – 1.6%
Cardinal Health, Inc.	50,448		7,918,318
Cencora, Inc.	40,278		12,588,083

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Centene Corp. (A)	90,912	$	3,243,740
CVS Health Corp.	262,319		19,776,229
DaVita, Inc. (A)	6,666		885,711
Elevance Health, Inc.	46,940		15,167,253
HCA Healthcare, Inc.	34,088		14,528,306
Henry Schein, Inc. (A)	20,787		1,379,633
Humana, Inc.	25,100		6,530,267
Labcorp Holdings, Inc.	17,435		5,004,891
McKesson Corp.	25,574		19,756,938
Molina Healthcare, Inc. (A)	11,287		2,159,880
Quest Diagnostics, Inc.	23,266		4,434,034
The Cigna Group	55,283		15,935,325
UnitedHealth Group, Inc.	188,052		64,934,356
Universal Health Services, Inc., Class B	12,239		2,502,141
			196,745,105
Life sciences tools and services – 0.8%
Agilent Technologies, Inc.	59,894		7,687,395
Bio-Techne Corp.	33,121		1,842,521
Charles River Laboratories International, Inc. (A)	10,659		1,667,707
Danaher Corp.	131,229		26,017,462
IQVIA Holdings, Inc. (A)	34,684		6,587,879
Mettler-Toledo International, Inc. (A)	4,124		5,062,664
Revvity, Inc.	25,369		2,223,593
Thermo Fisher Scientific, Inc.	78,337		37,995,012
Waters Corp. (A)	12,377		3,710,748
West Pharmaceutical Services, Inc.	15,097		3,960,396
			96,755,377
Pharmaceuticals – 2.7%
Bristol-Myers Squibb Company	422,779		19,067,333
Eli Lilly & Company	165,048		125,931,624
Johnson & Johnson	500,020		92,713,708
Merck & Company, Inc.	518,233		43,495,296
Pfizer, Inc.	1,181,300		30,099,524
Viatris, Inc.	248,808		2,463,199
Zoetis, Inc.	92,824		13,582,008
			327,352,692
			1,049,279,465
Industrials – 8.1%
Aerospace and defense – 2.2%
Axon Enterprise, Inc. (A)	16,303		11,699,685
General Dynamics Corp.	52,658		17,956,378
General Electric Company	220,289		66,267,337
Howmet Aerospace, Inc.	82,795		16,246,863
Huntington Ingalls Industries, Inc.	8,157		2,348,482
L3Harris Technologies, Inc.	38,293		11,695,065
Lockheed Martin Corp.	42,687		21,309,777
Northrop Grumman Corp.	28,141		17,146,874
RTX Corp.	277,454		46,426,378
Textron, Inc.	38,670		3,267,228
The Boeing Company (A)	156,873		33,857,900
TransDigm Group, Inc.	11,721		15,448,512
			263,670,479
Air freight and logistics – 0.2%
CH Robinson Worldwide, Inc.	24,640		3,262,336
Expeditors International of Washington, Inc.	29,178		3,576,931
FedEx Corp.	44,492		10,491,659
United Parcel Service, Inc., Class B	152,456		12,734,650
			30,065,576
Building products – 0.5%
A.O. Smith Corp.	24,829		1,822,697
Allegion PLC	18,121		3,213,759

 

3

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Builders FirstSource, Inc. (A)	23,990	$	2,908,788
Carrier Global Corp.	167,695		10,011,392
Johnson Controls International PLC	136,833		15,044,788
Lennox International, Inc.	6,683		3,537,713
Masco Corp.	40,137		2,825,243
Trane Technologies PLC	45,920		19,376,403
			58,740,783
Commercial services and supplies – 0.5%
Cintas Corp.	71,459		14,667,674
Copart, Inc. (A)	182,744		8,217,998
Republic Services, Inc.	42,430		9,736,836
Rollins, Inc.	58,554		3,439,462
Veralto Corp.	51,552		5,495,959
Waste Management, Inc.	76,136		16,813,113
			58,371,042
Construction and engineering – 0.1%
EMCOR Group, Inc.	9,251		6,008,895
Quanta Services, Inc.	30,770		12,751,703
			18,760,598
Electrical equipment – 0.9%
AMETEK, Inc.	48,217		9,064,796
Eaton Corp. PLC	80,803		30,240,523
Emerson Electric Company	117,078		15,358,292
GE Vernova, Inc.	56,479		34,728,937
Generac Holdings, Inc. (A)	12,402		2,076,095
Hubbell, Inc.	11,189		4,814,739
Rockwell Automation, Inc.	23,534		8,225,839
			104,509,221
Ground transportation – 0.9%
CSX Corp.	385,599		13,692,620
JB Hunt Transport Services, Inc.	16,604		2,227,759
Norfolk Southern Corp.	47,160		14,167,336
Old Dominion Freight Line, Inc.	36,692		5,165,500
Uber Technologies, Inc. (A)	434,866		42,603,822
Union Pacific Corp.	122,684		28,998,817
			106,855,854
Industrial conglomerates – 0.4%
3M Company	110,707		17,179,512
Honeywell International, Inc.	131,509		27,682,645
			44,862,157
Machinery – 1.5%
Caterpillar, Inc.	97,181		46,369,914
Cummins, Inc.	28,596		12,078,093
Deere & Company	51,875		23,720,363
Dover Corp.	28,598		4,771,004
Fortive Corp.	69,661		3,412,692
IDEX Corp.	15,785		2,569,167
Illinois Tool Works, Inc.	55,234		14,402,818
Ingersoll Rand, Inc.	74,326		6,140,814
Nordson Corp.	11,324		2,569,982
Otis Worldwide Corp.	81,320		7,435,088
PACCAR, Inc.	109,292		10,745,589
Parker-Hannifin Corp.	26,357		19,982,560
Pentair PLC	34,443		3,814,907
Snap-on, Inc.	10,945		3,792,771
Stanley Black & Decker, Inc.	32,136		2,388,669
Wabtec Corp.	35,831		7,183,041
Xylem, Inc.	50,643		7,469,843
			178,847,315
Passenger airlines – 0.1%
Delta Air Lines, Inc.	133,642		7,584,184
Southwest Airlines Company	108,565		3,464,309

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Passenger airlines (continued)
United Airlines Holdings, Inc. (A)	68,555	$	6,615,558
			17,664,051
Professional services – 0.5%
Automatic Data Processing, Inc.	83,721		24,572,114
Broadridge Financial Solutions, Inc.	24,366		5,803,250
Dayforce, Inc. (A)	32,873		2,264,621
Equifax, Inc.	25,838		6,628,222
Jacobs Solutions, Inc.	25,900		3,881,374
Leidos Holdings, Inc.	25,907		4,895,387
Paychex, Inc.	66,769		8,463,638
Paycom Software, Inc.	10,846		2,257,486
Verisk Analytics, Inc.	29,436		7,403,448
			66,169,540
Trading companies and distributors – 0.3%
Fastenal Company	238,840		11,712,714
United Rentals, Inc.	13,270		12,668,338
W.W. Grainger, Inc.	9,238		8,803,444
			33,184,496
			981,701,112
Information technology – 34.1%
Communications equipment – 0.9%
Arista Networks, Inc. (A)	212,878		31,018,453
Cisco Systems, Inc.	822,311		56,262,519
F5, Inc. (A)	12,110		3,913,831
Motorola Solutions, Inc.	34,837		15,930,612
			107,125,415
Electronic equipment, instruments and components – 0.7%
Amphenol Corp., Class A	254,273		31,466,284
CDW Corp.	27,779		4,424,639
Corning, Inc.	160,631		13,176,561
Jabil, Inc.	22,086		4,796,417
Keysight Technologies, Inc. (A)	36,176		6,327,906
TE Connectivity PLC	60,722		13,330,301
Teledyne Technologies, Inc. (A)	9,714		5,692,793
Trimble, Inc. (A)	50,906		4,156,475
Zebra Technologies Corp., Class A (A)	10,752		3,195,064
			86,566,440
IT services – 0.9%
Accenture PLC, Class A	128,800		31,762,080
Akamai Technologies, Inc. (A)	31,315		2,372,424
Cognizant Technology Solutions Corp., Class A	98,351		6,596,402
EPAM Systems, Inc. (A)	11,824		1,782,941
Gartner, Inc. (A)	16,079		4,226,687
GoDaddy, Inc., Class A (A)	29,265		4,004,330
IBM Corp.	193,257		54,529,395
VeriSign, Inc.	17,228		4,816,432
			110,090,691
Semiconductors and semiconductor equipment – 13.5%
Advanced Micro Devices, Inc. (A)	336,077		54,373,898
Analog Devices, Inc.	103,495		25,428,722
Applied Materials, Inc.	166,779		34,146,332
Broadcom, Inc.	976,560		322,176,910
First Solar, Inc. (A)	22,317		4,921,568
Intel Corp. (A)	913,135		30,635,679
KLA Corp.	27,250		29,391,850
Lam Research Corp.	263,204		35,243,016
Microchip Technology, Inc.	111,941		7,188,851
Micron Technology, Inc.	233,312		39,037,764
Monolithic Power Systems, Inc.	9,850		9,068,304
NVIDIA Corp.	5,066,038		945,221,353
NXP Semiconductors NV	52,980		12,065,135

 

4

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
ON Semiconductor Corp. (A)	81,720	$	4,029,613
Qualcomm, Inc.	224,151		37,289,760
Skyworks Solutions, Inc.	28,587		2,200,627
Teradyne, Inc.	33,949		4,672,740
Texas Instruments, Inc.	188,210		34,579,823
			1,631,671,945
Software – 11.2%
Adobe, Inc. (A)	87,974		31,032,829
AppLovin Corp., Class A (A)	56,209		40,388,415
Autodesk, Inc. (A)	44,817		14,237,016
Cadence Design Systems, Inc. (A)	56,162		19,727,464
Crowdstrike Holdings, Inc., Class A (A)	51,543		25,275,656
Datadog, Inc., Class A (A)	66,981		9,538,094
Fair Isaac Corp. (A)	5,075		7,594,890
Fortinet, Inc. (A)	136,974		11,516,774
Gen Digital, Inc.	113,036		3,209,092
Intuit, Inc.	57,896		39,537,757
Microsoft Corp.	1,543,247		799,324,784
Oracle Corp.	344,071		96,766,528
Palantir Technologies, Inc., Class A (A)	472,169		86,133,069
Palo Alto Networks, Inc. (A)	139,499		28,404,786
PTC, Inc. (A)	25,041		5,083,824
Roper Technologies, Inc.	22,352		11,146,719
Salesforce, Inc.	197,834		46,886,658
ServiceNow, Inc. (A)	43,110		39,673,271
Synopsys, Inc. (A)	38,217		18,855,886
Tyler Technologies, Inc. (A)	8,922		4,667,634
Workday, Inc., Class A (A)	44,400		10,688,412
			1,349,689,558
Technology hardware, storage and peripherals – 6.9%
Apple, Inc.	3,081,177		784,560,100
Dell Technologies, Inc., Class C	64,029		9,077,391
Hewlett Packard Enterprise Company	270,711		6,648,662
HP, Inc.	193,926		5,280,605
NetApp, Inc.	39,859		4,721,697
Seagate Technology Holdings PLC	44,094		10,408,830
Super Micro Computer, Inc. (A)	104,974		5,032,454
Western Digital Corp.	72,064		8,652,004
			834,381,743
			4,119,525,792
Materials – 1.7%
Chemicals – 1.1%
Air Products & Chemicals, Inc.	46,342		12,638,390
Albemarle Corp.	24,502		1,986,622
CF Industries Holdings, Inc.	32,111		2,880,357
Corteva, Inc.	143,268		9,689,215
Dow, Inc.	145,936		3,346,312
DuPont de Nemours, Inc.	87,124		6,786,960
Eastman Chemical Company	24,162		1,523,414
Ecolab, Inc.	52,533		14,386,687
International Flavors & Fragrances, Inc.	53,298		3,279,959
Linde PLC	97,249		46,193,275
LyondellBasell Industries NV, Class A	54,157		2,655,859
PPG Industries, Inc.	45,118		4,742,353
The Mosaic Company	66,214		2,296,302
The Sherwin-Williams Company	48,299		16,724,012
			129,129,717
Construction materials – 0.1%
Martin Marietta Materials, Inc.	12,740		8,029,767
Vulcan Materials Company	27,528		8,468,163
			16,497,930
Containers and packaging – 0.2%
Amcor PLC	480,100		3,927,218

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging (continued)
Avery Dennison Corp.	16,748	$	2,716,023
Ball Corp.	52,746		2,659,453
International Paper Company	109,197		5,066,741
Packaging Corp. of America	18,588		4,050,883
Smurfit WestRock PLC	110,966		4,723,823
			23,144,141
Metals and mining – 0.3%
Freeport-McMoRan, Inc.	299,531		11,747,606
Newmont Corp.	228,018		19,224,198
Nucor Corp.	46,492		6,296,412
Steel Dynamics, Inc.	29,514		4,115,137
			41,383,353
			210,155,141
Real estate – 1.9%
Health care REITs – 0.3%
Alexandria Real Estate Equities, Inc.	32,422		2,702,049
Healthpeak Properties, Inc.	145,801		2,792,089
Ventas, Inc.	95,898		6,711,901
Welltower, Inc.	138,590		24,688,423
			36,894,462
Hotel and resort REITs – 0.0%
Host Hotels & Resorts, Inc.	125,707		2,139,533
Industrial REITs – 0.2%
Prologis, Inc.	193,064		22,109,689
Office REITs – 0.0%
BXP, Inc.	30,322		2,254,137
Real estate management and development – 0.1%
CBRE Group, Inc., Class A (A)	61,146		9,634,164
CoStar Group, Inc. (A)	87,979		7,422,788
			17,056,952
Residential REITs – 0.2%
AvalonBay Communities, Inc.	29,611		5,719,957
Camden Property Trust	22,238		2,374,574
Equity Residential	71,170		4,606,834
Essex Property Trust, Inc.	13,397		3,585,841
Invitation Homes, Inc.	118,760		3,483,231
Mid-America Apartment Communities, Inc.	24,364		3,404,382
UDR, Inc.	62,591		2,332,141
			25,506,960
Retail REITs – 0.3%
Federal Realty Investment Trust	15,940		1,614,881
Kimco Realty Corp.	140,515		3,070,253
Realty Income Corp.	191,614		11,648,215
Regency Centers Corp.	34,052		2,482,391
Simon Property Group, Inc.	67,673		12,700,192
			31,515,932
Specialized REITs – 0.8%
American Tower Corp.	97,408		18,733,507
Crown Castle, Inc.	90,593		8,741,319
Digital Realty Trust, Inc.	66,324		11,466,093
Equinix, Inc.	20,259		15,867,659
Extra Space Storage, Inc.	44,189		6,227,998
Iron Mountain, Inc.	61,173		6,235,976
Public Storage	32,852		9,489,300
SBA Communications Corp.	22,413		4,333,554
VICI Properties, Inc.	219,745		7,165,884
Weyerhaeuser Company	151,457		3,754,619
			92,015,909
			229,493,574

 

5

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Utilities – 2.3%
Electric utilities – 1.5%
Alliant Energy Corp.	53,489	$	3,605,693
American Electric Power Company, Inc.	111,014		12,489,075
Constellation Energy Corp.	65,197		21,454,377
Duke Energy Corp.	161,026		19,926,968
Edison International	80,702		4,461,207
Entergy Corp.	91,941		8,567,982
Evergy, Inc.	47,939		3,644,323
Eversource Energy	76,377		5,433,460
Exelon Corp.	209,461		9,427,840
FirstEnergy Corp.	106,922		4,899,166
NextEra Energy, Inc.	428,663		32,359,770
NRG Energy, Inc.	40,095		6,493,385
PG&E Corp.	455,719		6,872,243
Pinnacle West Capital Corp.	23,701		2,125,032
PPL Corp.	153,832		5,716,397
The Southern Company	230,242		21,820,034
Xcel Energy, Inc.	124,567		10,046,329
			179,343,281
Gas utilities – 0.0%
Atmos Energy Corp.	32,359		5,525,299
Independent power and renewable electricity producers – 0.1%
The AES Corp.	148,216		1,950,523
Vistra Corp.	66,222		12,974,214
			14,924,737
Multi-utilities – 0.6%
Ameren Corp.	55,642		5,807,912
CenterPoint Energy, Inc.	135,853		5,271,096
CMS Energy Corp.	62,283		4,562,853
Consolidated Edison, Inc.	73,841		7,422,497

500 Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Multi-utilities (continued)
Dominion Energy, Inc.	175,103	$	10,711,051
DTE Energy Company	43,171		6,105,675
NiSource, Inc.	97,301		4,213,133
Public Service Enterprise Group, Inc.	103,856		8,667,822
Sempra	134,894		12,137,762
WEC Energy Group, Inc.	65,945		7,556,638
			72,456,439
Water utilities – 0.1%
American Water Works Company, Inc.	40,626		5,654,733
			277,904,489
TOTAL COMMON STOCKS (Cost $3,557,113,901)		$	11,843,492,182
SHORT-TERM INVESTMENTS – 2.1%
Short-term funds – 2.1%
John Hancock Collateral Trust, 4.0668% (C)(D)	24,639,652		246,480,300
TOTAL SHORT-TERM INVESTMENTS (Cost $246,458,638)		$	246,480,300
Total Investments (500 Index Trust) (Cost $3,803,572,539) – 100.0%		$	12,089,972,482
Other assets and liabilities, net – 0.0%			5,498,057
TOTAL NET ASSETS – 100.0%		$	12,095,470,539

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $1,316,535.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 $1,394,166.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 E-Mini Index Futures	807	Long	Dec 2025	$268,323,906	$271,908,562	$3,584,656
						$3,584,656

^ 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 – 49.0%
U.S. Government – 12.8%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	2,000,000	$	981,016
1.375%, 08/15/2050		14,529,000		7,305,363
1.625%, 11/15/2050		15,489,000		8,310,817
1.875%, 02/15/2041		3,702,000		2,602,535
2.000%, 02/15/2050		9,808,000		5,865,261
2.000%, 08/15/2051		241,000		141,192
2.500%, 02/15/2045		4,687,000		3,357,247
3.000%, 02/15/2047		1,329,000		1,014,816
3.375%, 11/15/2048		2,434,000		1,955,282
4.750%, 05/15/2055 to 08/15/2055		11,131,000		11,166,867

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)
4.875%, 08/15/2045	$	286,000	$	292,390
U.S. Treasury Notes
1.625%, 05/15/2031		1,590,000		1,415,783
3.375%, 09/15/2028		390,000		387,349
3.625%, 09/30/2030		3,440,000		3,422,531
3.875%, 09/30/2032		4,689,000		4,673,614
3.875%, 08/15/2033		5,180,000		5,137,103
4.250%, 06/30/2031 to 08/15/2035		13,372,000		13,581,683
				71,610,849

 

6

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency – 36.2%
Federal Home Loan Mortgage Corp.
2.000%, 06/01/2036	$	569,126	$	526,782
2.500%, 08/01/2051 to 12/01/2051		1,446,377		1,242,084
3.000%, 03/01/2043 to 08/01/2052		6,966,019		6,265,339
3.500%, 10/01/2046 to 07/01/2052		14,819,110		13,737,713
4.000%, 01/01/2041 to 01/01/2054		10,713,404		10,183,310
4.500%, 12/01/2037 to 02/01/2054		17,721,706		17,374,575
5.000%, 08/01/2052 to 12/01/2054		16,253,358		16,251,506
5.500%, 04/01/2053 to 05/01/2055		7,948,113		8,099,720
Federal National Mortgage Association
2.000%, 04/01/2037 to 12/01/2050		2,924,748		2,451,792
2.500%, 01/01/2036 to 03/01/2052		7,037,929		6,086,279
3.000%, 01/01/2043 to 05/01/2052		29,106,756		26,016,043
3.500%, 06/01/2042 to 08/01/2053		25,211,648		23,332,413
4.000%, 10/01/2025 to 09/01/2053		25,354,932		24,173,314
4.500%, 11/01/2037 to 08/01/2053		18,612,990		18,235,664
5.000%, 12/01/2034 to 12/01/2054		19,215,875		19,242,736
5.500%, 09/01/2034 to 06/01/2055		9,111,210		9,266,202
6.355%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.605%), 08/01/2034 (A)		29,413		30,205
6.622%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 2.122%), 07/01/2033 (A)		8,826		9,064
7.000%, 09/01/2031 to 01/01/2032		38,830		40,759
7.500%, 09/01/2029 to 05/01/2031		4,788		5,022
Government National Mortgage Association
4.000%, 02/15/2041		577,870		560,861
6.000%, 03/15/2033 to 06/15/2033		54,333		56,021
6.500%, 09/15/2028 to 08/15/2031		5,387		5,533
7.000%, 04/15/2029		7,408		7,558
8.000%, 10/15/2026		2,143		2,153
				203,202,648
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $285,629,804)			$	274,813,497
CORPORATE BONDS – 39.5%
Communication services – 2.7%
AT&T, Inc.
2.750%, 06/01/2031		1,047,000		959,591
3.550%, 09/15/2055		954,000		657,419
4.500%, 05/15/2035		324,000		313,059
Cable One, Inc. 4.000%, 11/15/2030 (B)(C)		287,000		243,165
CCO Holdings LLC 4.500%, 05/01/2032		218,000		198,394
Charter Communications Operating LLC
2.800%, 04/01/2031		588,000		530,524
6.384%, 10/23/2035		941,000		985,819
GCI LLC 4.750%, 10/15/2028 (B)		486,000		472,295
Gray Media, Inc. 10.500%, 07/15/2029 (B)		450,000		486,563
IHS Holding, Ltd.
7.875%, 05/29/2030 (B)		341,000		352,363
8.250%, 11/29/2031 (B)		542,000		569,152
Iliad Holding SAS 8.500%, 04/15/2031 (B)		200,000		214,499
Level 3 Financing, Inc.
6.875%, 06/30/2033 (B)		655,000		667,563
7.000%, 03/31/2034 (B)		90,000		91,558
Match Group Holdings II LLC
3.625%, 10/01/2031 (B)		81,000		73,412

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Match Group Holdings II LLC (continued)
4.125%, 08/01/2030 (B)	$	442,000	$	417,466
Maya SAS 7.000%, 04/15/2032 (B)		465,000		474,209
Midcontinent Communications 8.000%, 08/15/2032 (B)		145,000		149,394
Millicom International Cellular SA
6.250%, 03/25/2029 (B)		304,200		306,962
7.375%, 04/02/2032 (B)		200,000		209,007
News Corp.
3.875%, 05/15/2029 (B)		403,000		389,238
5.125%, 02/15/2032 (B)		225,000		223,739
NTT Finance Corp. 5.171%, 07/16/2032 (B)		358,000		366,652
Paramount Global
4.200%, 05/19/2032		190,000		177,000
4.375%, 03/15/2043		300,000		231,562
4.950%, 05/19/2050		689,000		547,769
ROBLOX Corp. 3.875%, 05/01/2030 (B)		740,000		705,853
Sirius XM Radio LLC 4.000%, 07/15/2028 (B)		148,000		143,009
T-Mobile USA, Inc. 3.875%, 04/15/2030		1,654,000		1,621,893
Verizon Communications, Inc. 2.550%, 03/21/2031		647,000		588,259
Vodafone Group PLC 7.000%, (7.000% to 4-4-29, then 5 Year U.S. Swap Rate + 4.873% to 4-4-49, then 5 Year U.S. Swap Rate + 5.623%), 04/04/2079		452,000		477,559
WarnerMedia Holdings, Inc.
4.279%, 03/15/2032		294,000		269,378
5.050%, 03/15/2042		589,000		470,210
Windstream Services LLC 8.250%, 10/01/2031 (B)		218,000		225,821
WMG Acquisition Corp. 3.875%, 07/15/2030 (B)		362,000		343,304
				15,153,660
Consumer discretionary – 4.2%
Asbury Automotive Group, Inc.
4.625%, 11/15/2029 (B)		128,000		124,221
4.750%, 03/01/2030		344,000		335,028
AutoNation, Inc. 4.750%, 06/01/2030		448,000		450,460
Brookfield Residential Properties, Inc. 5.000%, 06/15/2029 (B)		94,000		89,579
Caesars Entertainment, Inc. 6.000%, 10/15/2032 (B)(C)		591,000		582,111
Carnival Corp.
5.125%, 05/01/2029 (B)		419,000		419,000
5.750%, 08/01/2032 (B)		1,127,000		1,146,923
5.875%, 06/15/2031 (B)		456,000		467,283
Century Communities, Inc.
3.875%, 08/15/2029 (B)		189,000		177,805
6.625%, 09/15/2033 (B)		89,000		89,780
Dealer Tire LLC 8.000%, 02/01/2028 (B)		280,000		276,932
Flutter Treasury DAC
5.875%, 06/04/2031 (B)		200,000		203,004
6.375%, 04/29/2029 (B)		200,000		206,524
Ford Motor Credit Company LLC
4.000%, 11/13/2030		1,176,000		1,096,986
5.113%, 05/03/2029		728,000		722,600

 

7

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Ford Motor Credit Company LLC (continued)
5.800%, 03/08/2029	$	337,000	$	341,985
6.054%, 11/05/2031		584,000		596,893
6.125%, 03/08/2034		1,195,000		1,200,943
7.122%, 11/07/2033		415,000		443,583
Full House Resorts, Inc. 8.250%, 02/15/2028 (B)		376,000		348,948
General Motors Financial Company, Inc.
3.600%, 06/21/2030		1,451,000		1,382,355
5.950%, 04/04/2034		1,423,000		1,477,857
Gildan Activewear, Inc. 4.700%, 10/07/2030 (B)		128,000		127,807
Global Auto Holdings, Ltd.
8.750%, 01/15/2032 (B)		689,000		670,053
11.500%, 08/15/2029 (B)		315,000		332,325
Group 1 Automotive, Inc. 4.000%, 08/15/2028 (B)		133,000		129,251
Hilton Grand Vacations Borrower LLC 6.625%, 01/15/2032 (B)		401,000		407,277
KB Home 4.000%, 06/15/2031		215,000		201,911
Lithia Motors, Inc.
3.875%, 06/01/2029 (B)		176,000		168,104
4.375%, 01/15/2031 (B)		341,000		323,820
5.500%, 10/01/2030 (B)		306,000		305,618
Macy's Retail Holdings LLC
5.875%, 03/15/2030 (B)		182,000		181,826
6.125%, 03/15/2032 (B)		213,000		213,206
7.375%, 08/01/2033 (B)		372,000		387,893
Marriott Ownership Resorts, Inc. 6.500%, 10/01/2033 (B)		373,000		371,293
MGM Resorts International 4.750%, 10/15/2028		620,000		615,168
Midwest Gaming Borrower LLC 4.875%, 05/01/2029 (B)		496,000		482,162
NCL Corp., Ltd.
5.875%, 01/15/2031 (B)		249,000		248,991
6.250%, 09/15/2033 (B)		230,000		231,190
6.750%, 02/01/2032 (B)		384,000		394,918
Newell Brands, Inc.
6.375%, 05/15/2030		298,000		295,257
8.500%, 06/01/2028 (B)		268,000		283,473
Rakuten Group, Inc. 9.750%, 04/15/2029 (B)		348,000		391,314
Resorts World Las Vegas LLC 4.625%, 04/16/2029 (B)		495,000		448,104
Rivers Enterprise Borrower LLC
6.250%, 10/15/2030 (B)		105,000		105,936
6.625%, 02/01/2033 (B)		334,000		338,454
Royal Caribbean Cruises, Ltd. 5.375%, 01/15/2036 (D)		198,000		199,155
S&S Holdings LLC 8.375%, 10/01/2031 (B)		426,000		417,633
Sabre GLBL, Inc. 11.125%, 07/15/2030 (B)		359,000		347,674
Saks Global Enterprises LLC
11.000%, 12/15/2029 (B)		55,250		19,614
11.000%, 12/15/2029 (B)		200,500		102,255
SGUS LLC 11.000%, 12/15/2029 (B)		129,413		121,995
The Michaels Companies, Inc.
5.250%, 05/01/2028 (B)		449,000		413,264
7.875%, 05/01/2029 (B)		229,000		191,215

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
TopBuild Corp. 5.625%, 01/31/2034 (B)	$	380,000	$	378,619
Travel + Leisure Company
4.625%, 03/01/2030 (B)		101,000		97,351
6.125%, 09/01/2033 (B)		439,000		437,661
Under Armour, Inc. 7.250%, 07/15/2030 (B)		101,000		100,875
Valvoline, Inc. 3.625%, 06/15/2031 (B)		310,000		284,241
Viking Cruises, Ltd. 5.875%, 10/15/2033 (B)		447,000		447,314
				23,395,017
Consumer staples – 0.6%
JBS USA LUX SA
3.625%, 01/15/2032		527,000		491,250
5.750%, 04/01/2033		466,000		486,658
5.950%, 04/20/2035 (B)		133,000		139,717
MARB BondCo PLC 3.950%, 01/29/2031 (B)		712,000		651,921
Mars, Inc.
5.000%, 03/01/2032 (B)		323,000		330,451
5.700%, 05/01/2055 (B)		299,000		302,871
NBM US Holdings, Inc. 6.625%, 08/06/2029 (B)		448,000		453,599
Pilgrim's Pride Corp. 6.250%, 07/01/2033		671,000		716,252
				3,572,719
Energy – 6.5%
Aker BP ASA
3.750%, 01/15/2030 (B)		150,000		144,862
4.000%, 01/15/2031 (B)		289,000		278,518
5.800%, 10/01/2054 (B)		235,000		217,871
Antero Midstream Partners LP
5.375%, 06/15/2029 (B)		364,000		362,666
5.750%, 10/15/2033 (B)		374,000		372,342
6.625%, 02/01/2032 (B)		510,000		525,265
Ascent Resources Utica Holdings LLC
5.875%, 06/30/2029 (B)		433,000		432,109
6.625%, 10/15/2032 (B)		145,000		147,968
6.625%, 07/15/2033 (B)		172,000		174,866
Blue Racer Midstream LLC
7.000%, 07/15/2029 (B)		103,000		106,804
7.250%, 07/15/2032 (B)		430,000		452,216
Cheniere Energy Partners LP
5.550%, 10/30/2035 (B)		267,000		272,771
5.950%, 06/30/2033		558,000		590,697
Cheniere Energy, Inc. 5.650%, 04/15/2034		196,000		202,045
Civitas Resources, Inc. 8.625%, 11/01/2030 (B)		131,000		135,672
Columbia Pipelines Holding Company LLC 5.681%, 01/15/2034 (B)		721,000		742,765
Columbia Pipelines Operating Company LLC 6.036%, 11/15/2033 (B)		447,000		476,965
Continental Resources, Inc.
2.875%, 04/01/2032 (B)		330,000		287,565
4.900%, 06/01/2044		334,000		272,488
5.750%, 01/15/2031 (B)		616,000		635,240
Devon Energy Corp. 5.200%, 09/15/2034 (C)		223,000		222,035
DT Midstream, Inc.
4.375%, 06/15/2031 (B)		1,077,000		1,040,849
5.800%, 12/15/2034 (B)		214,000		220,632

 

8

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Enbridge, Inc.
5.500%, (5.500% to 7-15-27, then 3 month CME Term SOFR + 3.680% to 7-15-47, then 3 month CME Term SOFR + 4.430%), 07/15/2077	$	507,000	$	504,402
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080		629,000		635,047
6.250%, (6.250% to 3-1-28, then 3 month CME Term SOFR + 3.903% to 3-1-48, then 3 month CME Term SOFR + 4.653%), 03/01/2078		490,000		494,986
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084		171,000		195,575
Energean Israel Finance, Ltd.
5.375%, 03/30/2028 (B)		151,000		148,335
5.875%, 03/30/2031 (B)		260,000		248,579
Energy Transfer LP
5.400%, 10/01/2047		651,000		595,893
5.600%, 09/01/2034		305,000		313,025
6.500%, (6.500% to 11-15-26, then 5 Year CMT + 5.694%), 11/15/2026 (E)		964,000		967,596
6.500%, (6.500% to 2-15-31, then 5 Year CMT + 2.676%), 02/15/2056		298,000		296,603
6.750%, (6.750% to 2-15-36, then 5 Year CMT + 2.475%), 02/15/2056		518,000		517,066
7.125%, (7.125% to 5-15-30, then 5 Year CMT + 5.306%), 05/15/2030 (E)		761,000		786,339
Enterprise Products Operating LLC 5.250%, (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%), 08/16/2077		909,000		908,023
EQT Corp.
6.375%, 04/01/2029		257,000		266,506
7.500%, 06/01/2030		115,000		126,859
Expand Energy Corp. 4.750%, 02/01/2032		406,000		399,007
Genesis Energy LP
7.875%, 05/15/2032		238,000		248,223
8.000%, 05/15/2033		270,000		282,406
Global Partners LP
7.125%, 07/01/2033 (B)		78,000		79,949
8.250%, 01/15/2032 (B)		266,000		280,541
Gulfstream Natural Gas System LLC 5.600%, 07/23/2035 (B)		223,000		228,478
Harbour Energy PLC 6.327%, 04/01/2035 (B)		810,000		831,801
Hess Midstream Operations LP 6.500%, 06/01/2029 (B)		105,000		108,290
Howard Midstream Energy Partners LLC
6.625%, 01/15/2034 (B)		220,000		224,307
7.375%, 07/15/2032 (B)		64,000		66,434
Leviathan Bond, Ltd.
6.500%, 06/30/2027 (B)		666,000		667,499
6.750%, 06/30/2030 (B)		113,000		113,283
Long Ridge Energy LLC 8.750%, 02/15/2032 (B)		336,000		345,377
Matador Resources Company 6.250%, 04/15/2033 (B)		236,000		237,109

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
MC Brazil Downstream Trading SARL 7.250%, 06/30/2031 (B)	$	418,704	$	358,524
MPLX LP
4.950%, 09/01/2032		289,000		289,916
5.000%, 03/01/2033		355,000		355,088
Occidental Petroleum Corp.
5.375%, 01/01/2032		229,000		232,889
6.050%, 10/01/2054		582,000		567,920
6.450%, 09/15/2036		563,000		598,282
6.600%, 03/15/2046		219,000		228,960
6.625%, 09/01/2030		625,000		669,639
ONEOK, Inc.
6.050%, 09/01/2033		565,000		599,120
6.625%, 09/01/2053		527,000		560,617
Ovintiv, Inc.
6.250%, 07/15/2033		265,000		279,527
7.200%, 11/01/2031		55,000		60,653
Parkland Corp.
4.500%, 10/01/2029 (B)		376,000		366,180
4.625%, 05/01/2030 (B)		327,000		317,930
6.625%, 08/15/2032 (B)		160,000		164,410
Plains All American Pipeline LP
4.700%, 01/15/2031		196,000		196,417
5.600%, 01/15/2036		148,000		149,860
Repsol E&P Capital Markets US LLC
5.204%, 09/16/2030 (B)		200,000		201,448
5.976%, 09/16/2035 (B)		200,000		203,638
Sabine Pass Liquefaction LLC 4.500%, 05/15/2030		817,000		819,850
Saudi Arabian Oil Company 5.250%, 07/17/2034 (B)		305,000		313,721
Sunoco LP
4.500%, 04/30/2030		569,000		547,860
5.625%, 03/15/2031 (B)		197,000		195,547
5.875%, 03/15/2034 (B)		345,000		342,013
6.250%, 07/01/2033 (B)		219,000		222,907
7.000%, 05/01/2029 (B)		226,000		234,002
7.250%, 05/01/2032 (B)		324,000		340,032
7.875%, (7.875% to 9-18-30, then 5 Year CMT + 4.230%), 09/18/2030 (B)(E)		593,000		602,316
Targa Resources Corp.
5.500%, 02/15/2035		564,000		573,896
6.150%, 03/01/2029		418,000		440,368
Targa Resources Partners LP 4.000%, 01/15/2032		523,000		495,984
Var Energi ASA
5.875%, 05/22/2030 (B)		506,000		526,137
8.000%, 11/15/2032 (B)		1,043,000		1,210,444
Venture Global Calcasieu Pass LLC 4.125%, 08/15/2031 (B)		177,000		167,061
Venture Global LNG, Inc.
7.000%, 01/15/2030 (B)(C)		315,000		325,951
9.000%, (9.000% to 9-30-29, then 5 Year CMT + 5.440%), 09/30/2029 (B)(E)		988,000		979,187
9.500%, 02/01/2029 (B)		538,000		592,889
Viper Energy Partners LLC 4.900%, 08/01/2030		390,000		392,908
Western Midstream Operating LP
4.050%, 02/01/2030		496,000		484,140
5.450%, 11/15/2034		285,000		285,381
Whistler Pipeline LLC
5.400%, 09/30/2029 (B)		228,000		234,484

 

9

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Whistler Pipeline LLC (continued)
5.700%, 09/30/2031 (B)	$	230,000	$	239,105
				36,399,950
Financials – 12.4%
Ally Financial, Inc.
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033		543,000		545,011
5.737%, (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%), 05/15/2029		256,000		262,038
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035		358,000		369,239
8.000%, 11/01/2031		467,000		532,366
Ambac Assurance Corp. 5.100%, 10/10/2025 (B)(E)		131		164
Apollo Debt Solutions BDC
6.700%, 07/29/2031		452,000		479,035
6.900%, 04/13/2029		793,000		833,742
Ares Strategic Income Fund
5.150%, 01/15/2031 (B)		590,000		582,974
5.450%, 09/09/2028 (B)		271,000		273,114
5.600%, 02/15/2030		434,000		438,236
5.700%, 03/15/2028		108,000		109,515
5.800%, 09/09/2030 (B)		532,000		540,625
6.200%, 03/21/2032		381,000		393,644
6.350%, 08/15/2029		178,000		184,392
Athene Global Funding
4.721%, 10/08/2029 (B)		328,000		330,639
5.322%, 11/13/2031 (B)		330,000		337,681
Athene Holding, Ltd.
3.500%, 01/15/2031		141,000		133,798
6.625%, (6.625% to 10-15-34, then 5 Year CMT + 2.607%), 10/15/2054		228,000		230,049
Atlas Warehouse Lending Company LP 6.250%, 01/15/2030 (B)		267,000		274,531
Banco Santander SA 9.625%, (9.625% to 11-21-33, then 5 Year CMT + 5.298%), 05/21/2033 (E)		684,000		824,920
Bank of America Corp.
2.592%, (2.592% to 4-29-30, then Overnight SOFR + 2.150%), 04/29/2031		792,000		733,936
2.687%, (2.687% to 4-22-31, then Overnight SOFR + 1.320%), 04/22/2032		1,431,000		1,303,613
4.571%, (4.571% to 4-27-32, then Overnight SOFR + 1.830%), 04/27/2033		477,000		476,901
5.425%, (5.425% to 8-15-34, then Overnight SOFR + 1.913%), 08/15/2035		1,261,000		1,286,359
5.518%, (5.518% to 10-25-34, then Overnight SOFR + 1.738%), 10/25/2035		168,000		172,082
6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (E)		818,000		851,120
Bank of Montreal 7.700%, (7.700% to 5-26-29, then 5 Year CMT + 3.452%), 05/26/2084		717,000		759,811

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Barclays PLC
5.367%, (5.367% to 2-25-30, then Overnight SOFR + 1.230%), 02/25/2031	$	488,000	$	503,202
7.625%, (7.625% to 9-15-35, then 5 Year SOFR ICE Swap Rate + 3.686%), 03/15/2035 (E)		200,000		211,937
8.000%, (8.000% to 9-15-29, then 5 Year CMT + 5.431%), 03/15/2029 (E)		659,000		697,582
Blackstone Private Credit Fund
5.050%, 09/10/2030		491,000		485,286
5.250%, 04/01/2030		449,000		450,682
5.950%, 07/16/2029		337,000		346,690
6.000%, 01/29/2032		186,000		191,929
7.300%, 11/27/2028		330,000		352,497
Block, Inc.
5.625%, 08/15/2030 (B)		162,000		164,135
6.000%, 08/15/2033 (B)		210,000		215,048
BNP Paribas SA
5.497%, (5.497% to 5-20-29, then Overnight SOFR + 1.590%), 05/20/2030 (B)		421,000		435,346
9.250%, (9.250% to 11-17-27, then 5 Year CMT + 4.969%), 11/17/2027 (B)(E)		230,000		247,098
BPCE SA 5.716%, (5.716% to 1-18-29, then Overnight SOFR + 1.959%), 01/18/2030 (B)		396,000		409,523
Brookfield Finance, Inc. 6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055		540,000		535,393
Citigroup, Inc. 6.174%, (6.174% to 5-25-33, then Overnight SOFR + 2.661%), 05/25/2034		643,000		684,161
Citizens Financial Group, Inc.
3.250%, 04/30/2030		100,000		94,673
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031		347,000		355,631
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032		893,000		932,416
CNO Financial Group, Inc.
5.250%, 05/30/2029		651,000		662,232
6.450%, 06/15/2034		286,000		303,496
Comerica, Inc. 5.982%, (5.982% to 1-30-29, then Overnight SOFR + 2.155%), 01/30/2030		305,000		317,397
Credit Agricole SA
3.250%, 01/14/2030 (B)		932,000		879,286
5.862%, (5.862% to 1-9-35, then Overnight SOFR + 1.740%), 01/09/2036 (B)		541,000		568,772
6.316%, (6.316% to 10-3-28, then Overnight SOFR + 1.860%), 10/03/2029 (B)		646,000		681,033
Danske Bank A/S 5.019%, (5.019% to 3-4-30, then 1 Year CMT + 0.930%), 03/04/2031 (B)		564,000		574,658

 

10

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Deutsche Bank AG
3.742%, (3.742% to 1-7-32, then Overnight SOFR + 2.257%), 01/07/2033	$	703,000	$	647,507
5.297%, (5.297% to 5-9-30, then Overnight SOFR + 1.720%), 05/09/2031		366,000		374,917
6.819%, (6.819% to 11-20-28, then Overnight SOFR + 2.510%), 11/20/2029		410,000		438,560
Enact Holdings, Inc. 6.250%, 05/28/2029		570,000		596,011
F&G Annuities & Life, Inc.
6.250%, 10/04/2034		149,000		151,956
6.500%, 06/04/2029		223,000		232,501
Fifth Third Bancorp
4.772%, (4.772% to 7-28-29, then SOFR Compounded Index + 2.127%), 07/28/2030		226,000		228,541
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032		343,000		359,584
7.296%, (3 month CME Term SOFR + 3.295%), 10/30/2025 (A)(E)		355,000		353,930
First Citizens BancShares, Inc.
5.231%, (5.231% to 3-12-30, then Overnight SOFR + 1.410%), 03/12/2031		539,000		546,981
5.600%, (5.600% to 9-5-30, then 5 Year CMT + 1.850%), 09/05/2035		513,000		511,645
First Horizon Corp. 5.514%, (5.514% to 3-7-30, then Overnight SOFR + 1.766%), 03/07/2031		323,000		332,486
Freedom Mortgage Holdings LLC 7.875%, 04/01/2033 (B)		208,000		214,277
GA Global Funding Trust
4.500%, 09/18/2030 (B)		608,000		603,109
5.200%, 12/09/2031 (B)		378,000		384,584
Global Atlantic Financial Company
4.700%, (4.700% to 10-15-26, then 5 Year CMT + 3.796%), 10/15/2051 (B)		384,000		378,276
7.950%, (7.950% to 10-15-29, then 5 Year CMT + 3.608%), 10/15/2054 (B)		162,000		171,410
HPS Corporate Lending Fund 5.950%, 04/14/2032		424,000		430,988
Huntington Bancshares, Inc.
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031		330,000		340,120
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039		169,000		175,863
6.208%, (6.208% to 8-21-28, then Overnight SOFR + 2.020%), 08/21/2029		249,000		262,057
6.250%, (6.250% to 10-15-30, then 5 Year CMT + 2.653%), 10/15/2030 (E)		246,000		245,352
ING Groep NV 6.114%, (6.114% to 9-11-33, then Overnight SOFR + 2.090%), 09/11/2034		200,000		216,328

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
ION Platform Finance US Inc. 7.875%, 09/30/2032 (B)	$	356,000	$	353,661
Jefferies Financial Group, Inc. 6.200%, 04/14/2034		470,000		499,702
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then Overnight SOFR + 2.040%), 04/22/2031		401,000		371,940
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030		586,000		592,851
4.995%, (4.995% to 7-22-29, then Overnight SOFR + 1.125%), 07/22/2030		582,000		596,983
5.012%, (5.012% to 1-23-29, then Overnight SOFR + 1.310%), 01/23/2030		568,000		581,888
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035		817,000		843,859
5.502%, (5.502% to 1-24-35, then Overnight SOFR + 1.315%), 01/24/2036		520,000		544,029
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036		1,358,000		1,407,814
5.581%, (5.581% to 4-22-29, then Overnight SOFR + 1.160%), 04/22/2030		400,000		417,795
KeyCorp
5.121%, (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%), 04/04/2031		556,000		570,897
6.401%, (6.401% to 3-6-34, then SOFR Compounded Index + 2.420%), 03/06/2035		198,000		214,870
Lazard Group LLC 4.375%, 03/11/2029		552,000		550,632
Liberty Mutual Group, Inc. 4.125%, (4.125% to 12-15-26, then 5 Year CMT + 3.315%), 12/15/2051 (B)		203,000		199,385
Lloyds Banking Group PLC
6.068%, (6.068% to 6-13-35, then 1 Year CMT + 1.600%), 06/13/2036		228,000		239,332
6.750%, (6.750% to 9-27-31, then 5 Year CMT + 3.150%), 09/27/2031 (E)		342,000		350,039
M&T Bank Corp.
5.125%, (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%), 11/01/2026 (E)		116,000		115,493
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031		275,000		281,629
5.385%, (5.385% to 1-16-35, then Overnight SOFR + 1.610%), 01/16/2036		434,000		439,988
5.400%, (5.400% to 7-30-30, then 5 Year CMT + 1.430%), 07/30/2035		494,000		497,756
Macquarie Airfinance Holdings, Ltd. 5.150%, 03/17/2030 (B)		130,000		131,817
Macquarie Bank, Ltd. 3.624%, 06/03/2030 (B)		307,000		292,538
MassMutual Global Funding II 4.350%, 09/17/2031 (B)		456,000		453,252

 

11

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
MetLife, Inc. 6.400%, (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%), 12/15/2036	$	556,000	$	585,087
Morgan Stanley
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032		203,000		179,288
2.484%, (2.484% to 9-16-31, then Overnight SOFR + 1.360%), 09/16/2036		796,000		691,427
5.173%, (5.173% to 1-16-29, then Overnight SOFR + 1.450%), 01/16/2030		875,000		899,303
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035		700,000		722,294
MSCI, Inc. 3.625%, 11/01/2031 (B)		652,000		612,393
NatWest Group PLC
7.300%, (7.300% to 5-19-35, then 5 Year CMT + 2.937%), 11/19/2034 (E)		566,000		596,726
8.125%, (8.125% to 5-10-34, then 5 Year CMT + 3.752%), 11/10/2033 (E)		441,000		496,458
NMI Holdings, Inc. 6.000%, 08/15/2029		223,000		230,479
OneMain Finance Corp. 6.125%, 05/15/2030		520,000		526,596
Popular, Inc. 7.250%, 03/13/2028		466,000		486,854
Radian Group, Inc. 6.200%, 05/15/2029		223,000		232,903
Regions Financial Corp.
5.502%, (5.502% to 9-6-34, then Overnight SOFR + 2.060%), 09/06/2035		838,000		861,522
5.722%, (5.722% to 6-6-29, then Overnight SOFR + 1.490%), 06/06/2030		234,000		243,881
Reinsurance Group of America, Inc. 6.650%, (6.650% to 9-15-35, then 5 Year CMT + 2.392%), 09/15/2055		447,000		469,212
Rocket Companies, Inc.
6.125%, 08/01/2030 (B)		99,000		101,606
6.375%, 08/01/2033 (B)		130,000		134,175
Royal Bank of Canada 6.500%, (6.500% to 11-24-35, then 5 Year CMT + 2.462%), 11/24/2085		793,000		785,326
Sixth Street Lending Partners
5.750%, 01/15/2030		274,000		278,421
6.125%, 07/15/2030 (B)		216,000		223,317
Societe Generale SA 5.375%, (5.375% to 11-18-30, then 5 Year CMT + 4.514%), 11/18/2030 (B)(E)		557,000		524,631
Starwood Property Trust, Inc. 6.000%, 04/15/2030 (B)		326,000		330,955
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (B)		629,000		521,914

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Bank of New York Mellon Corp. 4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031	$	330,000	$	338,955
The Charles Schwab Corp. 5.853%, (5.853% to 5-19-33, then Overnight SOFR + 2.500%), 05/19/2034		334,000		357,458
The Goldman Sachs Group, Inc.
2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032		1,523,000		1,381,695
2.650%, (2.650% to 10-21-31, then Overnight SOFR + 1.264%), 10/21/2032		539,000		484,739
The PNC Financial Services Group, Inc.
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032		560,000		567,703
5.575%, (5.575% to 1-29-35, then Overnight SOFR + 1.394%), 01/29/2036		378,000		394,406
5.939%, (5.939% to 8-18-33, then Overnight SOFR + 1.946%), 08/18/2034		377,000		404,386
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%), 03/15/2030 (E)		440,000		451,484
TrueNoord Capital DAC 8.750%, 03/01/2030 (B)		235,000		249,687
Truist Financial Corp.
5.153%, (5.153% to 8-5-31, then Overnight SOFR + 1.571%), 08/05/2032		560,000		576,330
5.867%, (5.867% to 6-8-33, then Overnight SOFR + 2.361%), 06/08/2034		1,200,000		1,271,431
6.123%, (6.123% to 10-28-32, then Overnight SOFR + 2.300%), 10/28/2033		379,000		408,339
Trust Fibra Uno 7.375%, 02/13/2034 (B)		554,000		596,975
U.S. Bancorp
4.839%, (4.839% to 2-1-33, then Overnight SOFR + 1.600%), 02/01/2034		655,000		657,868
5.083%, (5.083% to 5-15-30, then Overnight SOFR + 1.296%), 05/15/2031		390,000		401,047
5.384%, (5.384% to 1-23-29, then Overnight SOFR + 1.560%), 01/23/2030		364,000		376,346
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034		604,000		643,615
UBS Group AG
5.428%, (5.428% to 2-8-29, then 1 Year CMT + 1.520%), 02/08/2030 (B)		452,000		467,001
6.301%, (6.301% to 9-22-33, then 1 Year CMT + 2.000%), 09/22/2034 (B)		400,000		436,751
7.000%, (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%), 02/10/2030 (B)(E)		368,000		377,108

 

12

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
UBS Group AG (continued)
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (B)(E)	$	379,000	$	389,974
9.250%, (9.250% to 11-13-33, then 5 Year CMT + 4.758%), 11/13/2033 (B)(E)		467,000		556,135
Webster Financial Corp. 5.784%, (5.784% to 9-11-30, then 5 Year CMT + 2.125%), 09/11/2035		196,000		196,023
Wells Fargo & Company
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033		1,847,000		1,719,326
5.211%, (5.211% to 12-3-34, then Overnight SOFR + 1.380%), 12/03/2035		420,000		429,132
5.244%, (5.244% to 1-24-30, then Overnight SOFR + 1.110%), 01/24/2031		335,000		346,594
6.491%, (6.491% to 10-23-33, then Overnight SOFR + 2.060%), 10/23/2034		814,000		904,429
				69,424,476
Health care – 1.8%
AbbVie, Inc. 5.050%, 03/15/2034		199,000		204,776
Amgen, Inc.
5.250%, 03/02/2033		1,744,000		1,806,506
5.650%, 03/02/2053		656,000		654,322
Centene Corp.
3.000%, 10/15/2030		478,000		427,111
3.375%, 02/15/2030		273,000		251,075
CVS Health Corp. 5.000%, 09/15/2032		550,000		556,730
DaVita, Inc. 4.625%, 06/01/2030 (B)		294,000		281,766
Endo Finance Holdings, Inc. 8.500%, 04/15/2031 (B)		237,000		254,270
Fresenius Medical Care US Finance III, Inc. 2.375%, 02/16/2031 (B)		868,000		766,495
HCA, Inc. 5.450%, 04/01/2031		464,000		482,318
Horizon Mutual Holdings, Inc. 6.200%, 11/15/2034 (B)		566,000		553,318
Icon Investments Six DAC 5.849%, 05/08/2029		305,000		318,359
IQVIA, Inc. 6.250%, 02/01/2029		217,000		228,422
Regeneron Pharmaceuticals, Inc. 1.750%, 09/15/2030		669,000		590,053
Royalty Pharma PLC 5.150%, 09/02/2029		274,000		281,128
Solventum Corp.
5.450%, 03/13/2031		746,000		777,930
5.600%, 03/23/2034		258,000		268,611
Teva Pharmaceutical Finance Company LLC 6.150%, 02/01/2036		86,000		90,049
Teva Pharmaceutical Finance Netherlands III BV 4.100%, 10/01/2046		614,000		458,234

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Teva Pharmaceutical Finance Netherlands IV BV 5.750%, 12/01/2030	$	415,000	$	427,412
Universal Health Services, Inc. 2.650%, 10/15/2030		622,000		561,550
				10,240,435
Industrials – 3.4%
AerCap Ireland Capital DAC
3.300%, 01/30/2032		1,610,000		1,482,639
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056		285,000		294,017
Aeropuertos Dominicanos Siglo XXI SA 7.000%, 06/30/2034 (B)		300,000		315,000
Air Canada 2020-1 Class C Pass Through Trust 10.500%, 07/15/2026 (B)		257,000		268,042
Allied Universal Holdco LLC
6.875%, 06/15/2030 (B)		264,000		271,347
7.875%, 02/15/2031 (B)		699,000		732,899
Ambipar Lux Sarl 10.875%, 02/05/2033 (B)		305,000		50,511
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028		530,079		516,735
American Airlines 2016-3 Class A Pass Through Trust 3.250%, 10/15/2028		34,678		32,865
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		312,180		300,714
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		407,963		396,349
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		264,607		251,311
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032		630,008		575,948
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032		470,050		440,098
American Airlines 2019-1 Class B Pass Through Trust 3.850%, 02/15/2028		72,173		70,262
American Airlines 2021-1 Class A Pass Through Trust 2.875%, 07/11/2034		732,561		663,212
American Airlines 2021-1 Class B Pass Through Trust 3.950%, 07/11/2030		429,970		410,635
American Airlines, Inc. 7.250%, 02/15/2028 (B)		198,000		202,842
Ashtead Capital, Inc.
5.500%, 08/11/2032 (B)		200,000		206,969
5.550%, 05/30/2033 (B)		547,000		564,200
BlueLinx Holdings, Inc. 6.000%, 11/15/2029 (B)		383,000		377,049
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (B)		55,089		53,075
British Airways 2020-1 Class A Pass Through Trust 4.250%, 11/15/2032 (B)		196,841		191,855

 

13

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
British Airways 2020-1 Class B Pass Through Trust 8.375%, 11/15/2028 (B)	$	51,441	$	54,209
Builders FirstSource, Inc.
4.250%, 02/01/2032 (B)		439,000		412,852
6.375%, 03/01/2034 (B)		468,000		482,090
6.750%, 05/15/2035 (B)		146,000		152,443
CIMIC Finance USA Pty, Ltd. 7.000%, 03/25/2034 (B)		262,000		285,297
Cimpress PLC 7.375%, 09/15/2032 (B)		340,000		338,815
Delta Air Lines, Inc. 4.375%, 04/19/2028		300,000		300,091
Efesto Bidco SpA Efesto US LLC 7.500%, 02/15/2032 (B)		332,000		337,843
Embraer Netherlands Finance BV 7.000%, 07/28/2030 (B)		405,000		443,133
EMRLD Borrower LP 6.625%, 12/15/2030 (B)		524,000		538,645
Flowserve Corp. 3.500%, 10/01/2030		327,000		311,646
Global Infrastructure Solutions, Inc. 5.625%, 06/01/2029 (B)		182,000		178,821
JB Poindexter & Company, Inc. 8.750%, 12/15/2031 (B)		386,000		404,278
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032		350,400		310,362
MasTec, Inc. 5.900%, 06/15/2029		256,000		267,949
Quanta Services, Inc. 5.250%, 08/09/2034		245,000		251,174
The Boeing Company 6.528%, 05/01/2034		1,490,000		1,647,145
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028		464,034		445,357
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031		437,990		420,729
United Airlines 2020-1 Class A Pass Through Trust 5.875%, 10/15/2027		303,872		312,345
United Airlines 2023-1 Class A Pass Through Trust 5.800%, 01/15/2036		611,096		631,978
United Airlines 2024-1 Class A Pass Through Trust 5.875%, 02/15/2037		442,209		451,097
United Airlines 2024-1 Class AA Pass Through Trust 5.450%, 02/15/2037		523,313		538,290
United Airlines, Inc. 4.625%, 04/15/2029 (B)		154,000		151,642
Weir Group, Inc. 5.350%, 05/06/2030 (B)		231,000		237,640
Williams Scotsman, Inc. 6.625%, 06/15/2029 (B)		189,000		193,320
				18,767,765
Information technology – 3.0%
Broadcom, Inc.
3.419%, 04/15/2033 (B)		1,332,000		1,232,732
4.550%, 02/15/2032		223,000		224,549
4.800%, 02/15/2036		510,000		508,444
4.900%, 07/15/2032		787,000		805,091

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Broadcom, Inc. (continued)
4.900%, 02/15/2038	$	541,000	$	538,101
CDW LLC
5.100%, 03/01/2030		181,000		184,210
5.550%, 08/22/2034		187,000		191,742
Cloud Software Group, Inc.
6.625%, 08/15/2033 (B)		166,000		168,982
8.250%, 06/30/2032 (B)		157,000		166,538
Consensus Cloud Solutions, Inc. 6.500%, 10/15/2028 (B)		144,000		144,634
CoreWeave, Inc.
9.000%, 02/01/2031 (B)		364,000		373,056
9.250%, 06/01/2030 (B)		276,000		285,051
Dell International LLC
4.500%, 02/15/2031 (D)		671,000		669,449
4.750%, 10/06/2032 (D)		552,000		549,532
5.100%, 02/15/2036 (D)		552,000		548,921
5.300%, 04/01/2032		566,000		584,318
5.400%, 04/15/2034		858,000		885,900
Foundry JV Holdco LLC
6.100%, 01/25/2036 (B)		533,000		566,261
6.250%, 01/25/2035 (B)		767,000		821,009
Gartner, Inc.
3.625%, 06/15/2029 (B)		106,000		101,565
3.750%, 10/01/2030 (B)		254,000		239,862
Kioxia Holdings Corp. 6.625%, 07/24/2033 (B)		731,000		751,490
Marvell Technology, Inc. 5.950%, 09/15/2033		268,000		287,540
Micron Technology, Inc.
2.703%, 04/15/2032		453,000		403,124
5.300%, 01/15/2031		422,000		436,683
5.650%, 11/01/2032		423,000		443,909
5.800%, 01/15/2035		347,000		365,057
Motorola Solutions, Inc.
2.300%, 11/15/2030		786,000		710,481
2.750%, 05/24/2031		592,000		540,412
Oracle Corp.
4.800%, 09/26/2032		319,000		319,384
5.200%, 09/26/2035		373,000		375,054
5.250%, 02/03/2032		377,000		388,667
5.550%, 02/06/2053		893,000		844,979
Pagaya US Holdings Company LLC 8.875%, 08/01/2030 (B)		370,000		344,521
Qorvo, Inc.
3.375%, 04/01/2031 (B)		471,000		432,746
4.375%, 10/15/2029		311,000		304,852
Virtusa Corp. 7.125%, 12/15/2028 (B)		144,000		140,688
				16,879,534
Materials – 0.9%
Alcoa Nederland Holding BV 7.125%, 03/15/2031 (B)		128,000		134,551
Aris Mining Corp. 8.000%, 10/31/2029 (B)		293,000		304,626
Capstone Copper Corp. 6.750%, 03/31/2033 (B)		112,000		115,363
Cemex SAB de CV 3.875%, 07/11/2031 (B)		486,000		461,238
Clydesdale Acquisition Holdings, Inc. 6.875%, 01/15/2030 (B)		335,000		343,646
CSN Resources SA 4.625%, 06/10/2031 (B)		598,000		485,471
First Quantum Minerals, Ltd. 8.000%, 03/01/2033 (B)		224,000		236,512

 

14

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Freeport-McMoRan, Inc. 5.400%, 11/14/2034	$	382,000	$	391,512
Graphic Packaging International LLC 3.500%, 03/01/2029 (B)		198,000		187,706
JH North America Holdings, Inc.
5.875%, 01/31/2031 (B)		106,000		107,623
6.125%, 07/31/2032 (B)		383,000		392,297
Magnera Corp. 7.250%, 11/15/2031 (B)		638,000		600,345
Novelis Corp. 4.750%, 01/30/2030 (B)		459,000		442,783
Quikrete Holdings, Inc. 6.375%, 03/01/2032 (B)		306,000		316,968
Standard Building Solutions, Inc. 6.250%, 08/01/2033 (B)		368,000		372,926
Toucan FinCo, Ltd. 9.500%, 05/15/2030 (B)		384,000		376,164
				5,269,731
Real estate – 0.8%
American Tower Corp.
5.550%, 07/15/2033		342,000		358,015
5.650%, 03/15/2033		342,000		360,742
CoStar Group, Inc. 2.800%, 07/15/2030 (B)		676,000		618,864
GLP Capital LP
3.250%, 01/15/2032		376,000		338,277
4.000%, 01/15/2030		262,000		253,729
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/2032 (B)		126,000		121,406
Iron Mountain, Inc. 5.250%, 07/15/2030 (B)		249,000		246,253
Millrose Properties, Inc. 6.375%, 08/01/2030 (B)		490,000		498,325
Uniti Group LP 6.500%, 02/15/2029 (B)		179,000		168,105
VICI Properties LP
3.875%, 02/15/2029 (B)		296,000		288,996
5.125%, 11/15/2031		655,000		664,576
5.125%, 05/15/2032		546,000		551,374
XHR LP 6.625%, 05/15/2030 (B)		215,000		220,907
				4,689,569
Utilities – 3.2%
AES Panama Generation Holdings SRL 4.375%, 05/31/2030 (B)		318,003		300,513
AltaGas, Ltd. 7.200%, (7.200% to 10-15-34, then 5 Year CMT + 3.573%), 10/15/2054 (B)		209,000		216,192
American Electric Power Company, Inc.
5.625%, 03/01/2033		218,000		229,160
6.050%, (6.050% to 3-15-36, then 5 Year CMT + 1.940%), 03/15/2056		129,000		129,181
Capital Power US Holdings, Inc.
5.257%, 06/01/2028 (B)		216,000		220,104
6.189%, 06/01/2035 (B)		365,000		382,876
CenterPoint Energy, Inc.
5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056		323,000		323,000
6.850%, (6.850% to 2-15-35, then 5 Year CMT + 2.946%), 02/15/2055		125,000		132,588
7.000%, (7.000% to 2-15-30, then 5 Year CMT + 3.254%), 02/15/2055		587,000		611,677
Constellation Energy Generation LLC 6.500%, 10/01/2053		261,000		290,866

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Dominion Energy, Inc.
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056	$	436,000	$	439,119
6.200%, (6.200% to 2-15-36, then 5 Year CMT + 2.006%), 02/15/2056		539,000		542,527
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055		405,000		423,903
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054		185,000		200,593
Duke Energy Corp. 5.750%, 09/15/2033		596,000		633,048
Electricite de France SA
5.650%, 04/22/2029 (B)		651,000		678,862
9.125%, (9.125% to 6-15-33, then 5 Year CMT + 5.411%), 03/15/2033 (B)(E)		621,000		719,567
Exelon Corp.
5.125%, 03/15/2031		324,000		334,057
6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055		129,000		134,831
FirstEnergy Corp. 2.650%, 03/01/2030		379,000		351,634
Georgia Power Company 4.950%, 05/17/2033		340,000		346,832
NextEra Energy Capital Holdings, Inc.
2.250%, 06/01/2030		265,000		241,951
6.375%, (6.375% to 8-15-30, then 5 Year CMT + 2.053%), 08/15/2055		299,000		310,470
6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055		108,000		114,401
6.700%, (6.700% to 9-1-29, then 5 Year CMT + 2.364%), 09/01/2054		262,000		271,037
NiSource, Inc. 3.600%, 05/01/2030		289,000		279,855
NRG Energy, Inc.
3.625%, 02/15/2031 (B)		335,000		309,716
3.875%, 02/15/2032 (B)		626,000		576,884
4.450%, 06/15/2029 (B)		356,000		353,006
6.000%, 02/01/2033 (B)		303,000		307,718
6.250%, 11/01/2034 (B)		249,000		255,248
7.000%, 03/15/2033 (B)		497,000		549,532
10.250%, (10.250% to 3-15-28, then 5 Year CMT + 5.920%), 03/15/2028 (B)(E)		371,000		404,526
Pacific Gas & Electric Company
4.950%, 07/01/2050		282,000		242,037
5.800%, 05/15/2034		430,000		445,550
PacifiCorp 7.375%, (7.375% to 9-15-30, then 5 Year CMT + 3.319%), 09/15/2055		399,000		420,076
PG&E Corp. 7.375%, (7.375% to 3-15-30, then 5 Year CMT + 3.883%), 03/15/2055		698,000		717,090
Sempra
5.500%, 08/01/2033		428,000		446,101
6.400%, (6.400% to 10-1-34, then 5 Year CMT + 2.632%), 10/01/2054		422,000		431,195
6.875%, (6.875% to 10-1-29, then 5 Year CMT + 2.789%), 10/01/2054		398,000		412,396
The Southern Company
5.200%, 06/15/2033		199,000		204,583
5.700%, 03/15/2034		490,000		517,515
6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055		537,000		572,228

 

15

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Vistra Corp. 8.000%, (8.000% to 10-15-26, then 5 Year CMT + 6.930%), 10/15/2026 (B)(E)	$	172,000	$	175,932
Vistra Operations Company LLC
4.300%, 07/15/2029 (B)		781,000		774,997
6.875%, 04/15/2032 (B)		228,000		238,460
6.950%, 10/15/2033 (B)		431,000		480,712
				17,694,346
TOTAL CORPORATE BONDS (Cost $216,756,910)			$	221,487,202
MUNICIPAL BONDS – 0.0%
Golden State Tobacco Securitization Corp. (California) 4.214%, 06/01/2050		231,000		171,193
TOTAL MUNICIPAL BONDS (Cost $231,000)			$	171,193
TERM LOANS (F) – 0.3%
Financials – 0.1%
AmWINS Group, Inc., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.252%, 01/30/2032		310,516		310,311
Health care – 0.0%
Endo Finance Holdings, Inc., 2024 1st Lien Term Loan (1 month CME Term SOFR + 4.000%) 8.163%, 04/23/2031		189,090		189,366
Industrials – 0.1%
GFL ES US LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.500%) 6.671%, 03/03/2032		228,000		227,701
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 8.163%, 05/21/2032		555,000		537,795
				765,496
Information technology – 0.0%
Clearwater Analytics LLC, 2025 Term Loan B (6 month CME Term SOFR + 2.250%) 6.460%, 04/21/2032		104,000		104,000
Materials – 0.1%
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 02/10/2032		278,600		278,411
TOTAL TERM LOANS (Cost $1,661,605)			$	1,647,584
COLLATERALIZED MORTGAGE OBLIGATIONS – 4.0%
Commercial and residential – 3.0%
Angel Oak Mortgage Trust LLC
Series 2021-4, Class A1, 1.035%, 01/20/2065 (B)(G)		189,910		160,336
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter), 4.800%, 11/26/2068 (B)		366,958		364,992
Arroyo Mortgage Trust Series 2021-1R, Class A1 1.175%, 10/25/2048 (B)(G)		113,425		102,610
Avenue of Americas Series 2025-1301, Class A 5.227%, 08/11/2042 (B)(G)		423,000		428,444
BAHA Trust Series 2024-MAR, Class A 6.171%, 12/10/2041 (B)(G)		554,000		572,867

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM 3.843%, 11/05/2032 (B)(G)	$	116,000	$	97,135
BANK Series 2021-BN34, Class XA IO 1.067%, 06/15/2063		12,620,254		484,879
BBCMS Mortgage Trust
Series 2020-C6, Class A2, 2.690%, 02/15/2053		72,228		68,007
Series 2024-5C29, Class A3, 5.208%, 09/15/2057		151,000		155,013
Series 2024-5C31, Class A3, 5.609%, 12/15/2057		168,000		175,274
Benchmark Mortgage Trust
Series 2019-B12, Class A2, 3.001%, 08/15/2052		170,071		167,785
Series 2024-V12, Class A3, 5.738%, 12/15/2057		523,000		547,909
BMO Mortgage Trust Series 2024-5C8, Class A3 5.625%, 12/15/2057 (G)		163,000		169,869
BRAVO Residential Funding Trust Series 2021-NQM1, Class A1 0.941%, 02/25/2049 (B)(G)		115,774		108,621
BX Trust
Series 2019-OC11, Class A, 3.202%, 12/09/2041 (B)		229,000		216,402
Series 2019-OC11, Class D, 4.075%, 12/09/2041 (B)(G)		300,000		283,724
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (B)		267,000		268,959
CENT Trust Series 2025-CITY, Class A 5.091%, 07/10/2040 (B)(G)		278,000		281,144
CHL Mortgage Pass-Through Trust Series 2004-HYB2, Class 4A 6.722%, 07/20/2034 (G)		235,124		230,891
Citigroup Commercial Mortgage Trust
Series 2019-C7, Class XA IO, 0.944%, 12/15/2072		14,342,470		426,049
Series 2023-SMRT, Class A, 6.015%, 10/12/2040 (B)(G)		340,000		350,436
COLT Mortgage Loan Trust
Series 2021-2, Class A1, 0.924%, 08/25/2066 (B)(G)		167,349		141,862
Series 2025-6, Class A1 (5.529% to 7-1-29, then 6.529% thereafter), 5.529%, 08/25/2070 (B)		224,712		226,729
COLT Trust Series 2020-RPL1, Class A1 1.390%, 01/25/2065 (B)(G)		332,747		288,927
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO 0.577%, 05/10/2051		4,954,089		46,609
Credit Suisse Mortgage Capital Certificates
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (B)(G)		92,219		82,756
Series 2021-NQM3, Class A1, 1.015%, 04/25/2066 (B)(G)		124,115		107,369

 

16

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Credit Suisse Mortgage Capital Certificates (continued)
Series 2021-NQM6, Class A1, 1.174%, 07/25/2066 (B)(G)	$	353,827	$	303,452
DSLA Mortgage Loan Trust Series 2004-AR3, Class 2A2B (1 month CME Term SOFR + 1.014%) 5.148%, 07/19/2044 (A)		193,635		186,420
Ellington Financial Mortgage Trust
Series 2021-1, Class A1, 0.797%, 02/25/2066 (B)(G)		45,452		39,780
Series 2021-2, Class A1, 0.931%, 06/25/2066 (B)(G)		161,840		136,107
Series 2025-INV4, Class A1, 5.100%, 10/25/2070 (B)		199,000		199,090
Flagstar Mortgage Trust Series 2021-1, Class A2 2.500%, 02/01/2051 (B)(G)		289,936		240,036
FREMF Mortgage Trust Series 2019-KF69, Class B (30 day Average SOFR + 2.414%) 6.769%, 08/25/2029 (A)(B)		87,868		84,355
GCAT Trust
Series 2021-NQM1, Class A1, 0.874%, 01/25/2066 (B)(G)		100,206		89,637
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (B)(G)		109,407		94,250
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (B)(G)		169,858		147,535
Series 2025-NQM5, Class A1, 4.981%, 08/25/2070 (B)(G)		263,000		262,871
GS Mortgage-Backed Securities Trust Series 2021-NQM1, Class A1 1.017%, 07/25/2061 (B)(G)		74,527		67,371
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2037 (B)		5,857,746		91,813
Series 2007-4, Class ES IO, 0.350%, 07/19/2037		6,065,610		95,096
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (B)		6,657,834		79,320
Hudson Yards Mortgage Trust Series 2025-SPRL, Class A 5.649%, 01/13/2040 (B)(G)		476,000		491,897
Imperial Fund Mortgage Trust Series 2021-NQM1, Class A1 1.071%, 06/25/2056 (B)(G)		96,443		84,605
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class AFX 2.812%, 01/16/2037 (B)		258,000		230,910
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1, 6.592%, 04/21/2034 (G)		35,946		35,391
Series 2004-8, Class 5A1, 6.606%, 08/25/2034 (G)		19,674		19,335
MFA Trust Series 2021-NQM1, Class A1 1.153%, 04/25/2065 (B)(G)		60,243		56,747
Morgan Stanley Capital I Trust Series 2019-L3, Class XA IO 0.711%, 11/15/2052		19,772,629		419,490

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Natixis Commercial Mortgage Securities Trust Series 2018-ALXA, Class C 4.460%, 01/15/2043 (B)(G)	$	98,000	$	91,076
NXPT Commercial Mortgage Trust Series 2024-STOR, Class A 4.455%, 11/05/2041 (B)(G)		279,000		275,998
NYMT Loan Trust Series 2022-CP1, Class A1 2.042%, 07/25/2061 (B)		97,337		91,849
OBX Trust
Series 2020-EXP2, Class A3, 2.500%, 05/25/2060 (B)(G)		80,524		67,408
Series 2021-NQM2, Class A1, 1.101%, 05/25/2061 (B)(G)		270,921		224,875
Series 2025-NQM18, Class A1, 5.057%, 09/25/2065 (B)(G)		167,000		167,007
Provident Funding Mortgage Trust Series 2020-F1, Class A2 2.000%, 01/25/2036 (B)(G)		221,646		198,036
ROCK Trust
Series 2024-CNTR, Class A, 5.388%, 11/13/2041 (B)		446,000		459,521
Series 2024-CNTR, Class D, 7.109%, 11/13/2041 (B)		557,000		581,022
Sequoia Mortgage Trust Series 2005-3, Class A1 (1 month CME Term SOFR + 0.514%) 4.650%, 05/20/2035 (A)		16,256		14,969
SLG Office Trust Series 2021-OVA, Class D 2.851%, 07/15/2041 (B)		352,000		304,659
Structured Asset Securities Corp. Series 1998-RF2, Class A 4.739%, 07/15/2027 (B)(G)		24,214		24,173
Towd Point Mortgage Trust
Series 2015-6, Class M2, 3.750%, 04/25/2055 (B)(G)		882,638		873,079
Series 2018-4, Class A1, 3.000%, 06/25/2058 (B)(G)		168,721		160,330
Series 2019-1, Class A1, 3.750%, 03/25/2058 (B)(G)		115,268		112,282
Series 2019-4, Class A1, 2.900%, 10/25/2059 (B)(G)		98,373		94,535
Series 2020-4, Class A1, 1.750%, 10/25/2060 (B)		256,483		233,656
Series 2024-4, Class A1A, 4.527%, 10/27/2064 (B)(G)		599,466		600,545
VDCM Commercial Mortgage Trust Series 2025-AZ, Class A 5.229%, 07/13/2044 (B)(G)		324,000		327,266
Verus Securitization Trust
Series 2021-3, Class A1, 1.046%, 06/25/2066 (B)(G)		186,748		164,257
Series 2021-4, Class A1, 0.938%, 07/25/2066 (B)(G)		111,202		94,530
Series 2021-5, Class A1, 1.013%, 09/25/2066 (B)(G)		155,651		135,542
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (B)(G)		37,880		36,449

 

17

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

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	$	147,268	$	129,211
Wells Fargo Commercial Mortgage Trust
Series 2025-5C4, Class A3, 5.673%, 05/15/2058		319,000		334,291
Series 2025-5C6, Class A3, 5.186%, 10/15/2058 (D)		368,000		378,626
WHARF Commercial Mortgage Trust Series 2025-DC, Class A 5.528%, 07/15/2040 (B)(G)		224,000		229,728
				16,416,026
U.S. Government Agency – 1.0%
Federal Home Loan Mortgage Corp.
Series 290, Class IO, 3.500%, 11/15/2032		396,345		30,268
Series 3387, Class SB IO, 1.933%, 11/15/2037		457,722		43,590
Series K109, Class X1 IO, 1.685%, 04/25/2030		3,047,171		177,661
Series K121, Class X1 IO, 1.111%, 10/25/2030		12,512,562		512,630
Series T-41, Class 3A, 4.404%, 07/25/2032 (G)		30,593		28,199
Federal National Mortgage Association
Series 2001-50, Class BA, 7.000%, 10/25/2041		2,070		2,096
Series 2002-W3, Class A5, 7.500%, 11/25/2041		33,669		35,314
Series 2012-137, Class WI IO, 3.500%, 12/25/2032		354,187		28,357
Series 2022-22, Class B, 2.000%, 07/25/2054		1,007,717		604,454
Government National Mortgage Association
Series 2008-90, Class IO, 2.017%, 12/16/2050		1,946,976		245,050
Series 2010-147, Class SA IO, 1.920%, 05/20/2040		113,505		2,833
Series 2010-85, Class SB IO, 2.339%, 03/16/2040		288,029		14,249
Series 2012-114, Class IO, 0.609%, 01/16/2053		195,811		2,921
Series 2012-120, Class IO, 0.645%, 02/16/2053		2,849,961		42,674
Series 2015-86, Class IO, 0.404%, 05/16/2052		18,786,445		259,895
Series 2016-174, Class IO, 0.726%, 11/16/2056		233,434		7,310
Series 2017-109, Class IO, 0.225%, 04/16/2057		458,370		4,936
Series 2017-124, Class IO, 0.625%, 01/16/2059		524,137		18,250
Series 2017-135, Class IO, 0.695%, 10/16/2058		820,688		26,401
Series 2017-140, Class IO, 0.485%, 02/16/2059		361,099		9,696
Series 2017-159, Class IO, 0.430%, 06/16/2059		584,152		14,769
Series 2017-169, Class IO, 0.521%, 01/16/2060		1,610,224		44,619

Active Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2017-20, Class IO, 0.490%, 12/16/2058	$	1,217,890	$	25,340
Series 2017-22, Class IO, 0.773%, 12/16/2057		166,701		6,078
Series 2017-41, Class IO, 0.498%, 07/16/2058		329,434		7,853
Series 2017-46, Class IO, 0.648%, 11/16/2057		518,931		19,433
Series 2017-61, Class IO, 0.688%, 05/16/2059		199,774		6,952
Series 2018-158, Class IO, 0.797%, 05/16/2061		1,516,619		90,483
Series 2018-35, Class IO, 0.543%, 03/16/2060		1,327,307		42,584
Series 2018-43, Class IO, 0.455%, 05/16/2060		987,009		31,502
Series 2018-69, Class IO, 0.609%, 04/16/2060		343,892		15,546
Series 2018-81, Class IO, 0.486%, 01/16/2060		261,098		10,808
Series 2018-9, Class IO, 0.444%, 01/16/2060		1,551,270		46,306
Series 2019-131, Class IO, 0.803%, 07/16/2061		1,195,786		68,348
Series 2020-100, Class IO, 0.786%, 05/16/2062		1,389,468		83,510
Series 2020-108, Class IO, 0.847%, 06/16/2062		3,020,366		174,402
Series 2020-114, Class IO, 0.798%, 09/16/2062		3,225,204		173,467
Series 2020-118, Class IO, 0.884%, 06/16/2062		2,350,099		147,160
Series 2020-119, Class IO, 0.607%, 08/16/2062		1,295,606		59,984
Series 2020-120, Class IO, 0.758%, 05/16/2062		725,884		42,503
Series 2020-137, Class IO, 0.798%, 09/16/2062		3,485,807		201,733
Series 2020-143, Class IB IO, 0.883%, 03/16/2062		4,006,408		254,060
Series 2020-150, Class IO, 0.966%, 12/16/2062		2,119,235		148,822
Series 2020-170, Class IO, 0.836%, 11/16/2062		2,814,084		182,108
Series 2020-28, Class IO, 0.822%, 11/16/2061		5,012,977		283,719
Series 2020-92, Class IO, 0.881%, 02/16/2062		3,204,271		183,656
Series 2021-3, Class IO, 0.870%, 09/16/2062		3,523,476		225,319
Series 2021-40, Class IO, 0.822%, 02/16/2063		865,015		53,297
Series 2022-150, Class IO, 0.822%, 06/16/2064		297,860		17,108
Series 2022-17, Class IO, 0.802%, 06/16/2064		1,923,741		110,255
Series 2022-181, Class IO, 0.720%, 07/16/2064		918,702		55,609
Series 2022-21, Class IO, 0.785%, 10/16/2063		849,288		46,912
Series 2023-177, Class IO, 0.859%, 06/16/2065		1,981,787		118,953

 

18

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 2023-197, Class IO, 1.241%, 09/16/2065	$	599,906	$	50,554
Series 2023-30, Class IO, 1.001%, 11/16/2064		1,216,073		82,403
Series 2024-179, Class XI IO, 0.831%, 12/16/2066		4,499,545		323,851
Series 2025-126, Class IO, 0.768%, 05/16/2067		2,274,351		163,050
				5,709,840
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $26,006,052)			$	22,125,866
ASSET-BACKED SECURITIES – 5.2%
ABPCI Direct Lending Fund I, Ltd. Series 2020-1A, Class A 3.199%, 12/29/2030 (B)		77,341		76,448
Aligned Data Centers Issuer LLC
Series 2021-1A, Class A2 1.937%, 08/15/2046 (B)		122,000		119,081
Series 2023-2A, Class A2 6.500%, 11/16/2048 (B)		193,000		196,611
AMSR Trust Series 2025-SFR1, Class A 3.655%, 06/17/2042 (B)		177,000		170,168
Aqua Finance Trust Series 2021-A, Class A 1.540%, 07/17/2046 (B)		54,516		50,531
Arby's Funding LLC Series 2020-1A, Class A2 3.237%, 07/30/2050 (B)		451,250		435,757
Centex Home Equity Loan Trust Series 2005-A, Class M4 (1 month CME Term SOFR + 1.314%) 5.472%, 01/25/2035 (A)		156,736		151,483
CF Hippolyta Issuer LLC
Series 2020-1, Class A1 1.690%, 07/15/2060 (B)		391,242		336,055
Series 2021-1A, Class A1 1.530%, 03/15/2061 (B)		360,226		299,895
CLI Funding IX LLC Series 2025-1A, Class A 5.350%, 06/20/2050 (B)		345,003		349,731
CLI Funding VI LLC Series 2020-1A, Class A 2.080%, 09/18/2045 (B)		305,201		285,608
CLI Funding VIII LLC
Series 2021-1A, Class A 1.640%, 02/18/2046 (B)		237,795		219,719
Series 2022-1A, Class A 2.720%, 01/18/2047 (B)		573,167		529,848
Compass Datacenters Issuer II LLC
Series 2024-1A, Class A1 5.250%, 02/25/2049 (B)		380,000		382,814
Series 2025-1A, Class A1 5.316%, 05/25/2050 (B)		322,000		326,026
Compass Datacenters Issuer III LLC Series 2025-2A, Class A2 5.835%, 02/25/2050 (B)		175,000		179,763
Concord Music Royalties LLC Series 2025-2A, Class A 5.785%, 07/20/2075 (B)		306,000		309,673

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Consolidated Communications LLC Series 2025-1A, Class A2 6.000%, 05/20/2055 (B)	$	392,000	$	401,732
ContiMortgage Home Equity Loan Trust Series 1995-2, Class A5 8.100%, 08/15/2025		5,120		3,319
CyrusOne Data Centers Issuer I LLC
Series 2023-1A, Class A2 4.300%, 04/20/2048 (B)		607,000		595,927
Series 2024-2A, Class A2 4.500%, 05/20/2049 (B)		571,000		561,436
DataBank Issuer Series 2021-1A, Class A2 2.060%, 02/27/2051 (B)		225,000		222,275
DB Master Finance LLC
Series 2017-1A, Class A2II 4.030%, 11/20/2047 (B)		184,075		181,969
Series 2021-1A, Class A2II 2.493%, 11/20/2051 (B)		962,500		907,118
Diamond Infrastructure Funding LLC Series 2021-1A, Class C 3.475%, 04/15/2049 (B)		370,000		355,672
Domino's Pizza Master Issuer LLC
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (B)		1,302,178		1,231,023
Series 2025-1A, Class A2I 4.930%, 07/25/2055 (B)		231,000		232,331
Series 2025-1A, Class A2II 5.217%, 07/25/2055 (B)		268,000		270,118
Driven Brands Funding LLC
Series 2020-2A, Class A2 3.237%, 01/20/2051 (B)		276,736		267,371
Series 2021-1A, Class A2 2.791%, 10/20/2051 (B)		406,627		383,254
Series 2025-1A, Class A2 5.296%, 10/20/2055 (B)		290,000		289,310
FirstKey Homes Trust Series 2021-SFR1, Class D 2.189%, 08/17/2038 (B)		246,000		239,965
GM Financial Revolving Receivables Trust Series 2024-1, Class A 4.980%, 12/11/2036 (B)		298,000		305,808
Golub Capital Partners Funding, Ltd.
Series 2020-1A, Class A2 3.208%, 01/22/2029 (B)		83,032		82,907
Series 2021-1A, Class A2 2.773%, 04/20/2029 (B)		219,160		218,268
HI-FI Music IP Issuer LP Series 2022-1A, Class A2 3.939%, 02/01/2062 (B)		483,000		475,751
Hotwire Funding LLC Series 2024-1A, Class A2 5.893%, 06/20/2054 (B)		148,000		150,504
Invitation Homes Trust Series 2024-SFR1, Class A 4.000%, 09/17/2041 (B)		588,991		578,544
Jersey Mike's Funding LLC
Series 2024-1A, Class A2 5.636%, 02/15/2055 (B)		448,745		457,307
Series 2025-1A, Class A2 5.610%, 08/16/2055 (B)		434,000		443,153
Lyra Music Assets LP Series 2025-1A, Class A2 5.604%, 09/20/2065 (B)		277,000		280,121

 

19

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
MetroNet Infrastructure Issuer LLC Series 2025-2A, Class A2 5.400%, 08/20/2055 (B)	$	380,000	$	385,677
Navient Student Loan Trust Series 2020-2A, Class A1A 1.320%, 08/26/2069 (B)		119,662		104,688
Neighborly Issuer LLC
Series 2021-1A, Class A2 3.584%, 04/30/2051 (B)		531,413		503,445
Series 2022-1A, Class A2 3.695%, 01/30/2052 (B)		246,075		230,396
Series 2023-1A, Class A2 7.308%, 01/30/2053 (B)		487,500		493,828
New Economy Assets - Phase 1 Sponsor LLC
Series 2021-1, Class A1 1.910%, 10/20/2061 (B)		503,000		419,576
Series 2021-1, Class B1 2.410%, 10/20/2061 (B)		389,000		258,353
NRZ Excess Spread-Collateralized Notes Series 2021-FHT1, Class A 3.104%, 07/25/2026 (B)		34,840		34,283
Progress Residential Trust
Series 2022-SFR3, Class D 4.450%, 04/17/2039 (B)		950,000		935,320
Series 2025-SFR1, Class A 3.400%, 02/17/2042 (B)		383,526		366,372
Series 2025-SFR2, Class A 3.305%, 04/17/2042 (B)		259,444		246,150
Series 2025-SFR5, Class A 3.850%, 10/17/2042 (B)		326,000		313,567
Renaissance Home Equity Loan Trust Series 2005-2, Class AF4 5.434%, 08/25/2035		10,523		10,504
Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A 5.000%, 09/15/2048 (B)		827,000		827,806
RIN II, Ltd. Series 2019-1A, Class AR (3 month CME Term SOFR + 1.480%) 5.798%, 01/15/2038 (A)(B)		278,000		278,576
RIN XII LLC Series 2025-1A, Class A1 (3 month CME Term SOFR + 1.300%) 5.618%, 04/15/2038 (A)(B)		291,000		290,685
Scalelogix ABS Issuer LLC Series 2025-1A, Class A2 5.673%, 07/25/2055 (B)		331,000		331,071
SERVPRO Master Issuer LLC Series 2024-1A, Class A2 6.174%, 01/25/2054 (B)		242,310		250,369
Sesac Finance LLC Series 2025-1, Class A2 5.500%, 07/25/2055 (B)		371,000		369,529
SMB Private Education Loan Trust
Series 2021-A, Class APT2 1.070%, 01/15/2053 (B)		112,494		102,532
Series 2024-A, Class A1A 5.240%, 03/15/2056 (B)		482,929		493,235
Series 2024-E, Class A1A 5.090%, 10/16/2056 (B)		363,431		368,027
Sonic Capital LLC
Series 2020-1A, Class A2I 3.845%, 01/20/2050 (B)		301,835		297,467
Series 2021-1A, Class A2I 2.190%, 08/20/2051 (B)		316,800		292,820

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
STORE Master Funding LLC Series 2019-1, Class A2 3.650%, 11/20/2049 (B)	$	281,900	$	246,133
Subway Funding LLC
Series 2024-1A, Class A2I 6.028%, 07/30/2054 (B)		263,013		266,643
Series 2024-1A, Class A2II 6.268%, 07/30/2054 (B)		235,223		241,273
Series 2024-3A, Class A23 5.914%, 07/30/2054 (B)		583,590		581,282
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (B)		105,696		103,867
Switch ABS Issuer LLC
Series 2024-2A, Class A2 5.436%, 06/25/2054 (B)		168,000		168,848
Series 2025-1A, Class A2 5.036%, 03/25/2055 (B)		571,000		565,699
Taco Bell Funding LLC
Series 2025-1A, Class A2I 4.821%, 08/25/2055 (B)		359,000		359,750
Series 2025-1A, Class A2II 5.049%, 08/25/2055 (B)		343,000		343,814
TAL Advantage VII LLC Series 2020-1A, Class B 3.290%, 09/20/2045 (B)		237,500		227,102
TIF Funding II LLC Series 2021-1A, Class A 1.650%, 02/20/2046 (B)		573,467		523,087
Tricon American Homes Trust Series 2020-SFR2, Class D 2.281%, 11/17/2039 (B)		500,000		471,488
Triton Container Finance VIII LLC
Series 2020-1A, Class A 2.110%, 09/20/2045 (B)		381,225		357,149
Series 2021-1A, Class A 1.860%, 03/20/2046 (B)		209,333		193,289
Uniti Fiber Issuer LLC Series 2025-1A, Class A2 5.877%, 04/20/2055 (B)		224,000		229,380
Vantage Data Centers LLC
Series 2020-2A, Class A2 1.992%, 09/15/2045 (B)		312,000		295,518
Series 2021-1A, Class A2 2.165%, 10/15/2046 (B)		400,000		389,492
Wendy's Funding LLC
Series 2019-1A, Class A2II 4.080%, 06/15/2049 (B)		430,615		419,962
Series 2021-1A, Class A2I 2.370%, 06/15/2051 (B)		288,945		268,340
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (B)		116,258		111,702
Willis Engine Structured Trust VIII Series 2025-A, Class A 5.582%, 06/15/2050 (B)		247,849		250,991
Wingstop Funding LLC Series 2024-1A, Class A2 5.858%, 12/05/2054 (B)		250,000		258,714

 

20

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Zaxby's Funding LLC Series 2021-1A, Class A2 3.238%, 07/30/2051 (B)	$	269,760	$	254,431
Zayo Issuer LLC Series 2025-1A, Class A2 5.648%, 03/20/2055 (B)		389,000		396,172
TOTAL ASSET-BACKED SECURITIES (Cost $29,610,130)			$	29,282,796
COMMON STOCKS – 0.0%
Energy – 0.0%
Altera Infrastructure LP (H)		937		23,418
TOTAL COMMON STOCKS (Cost $237,384)			$	23,418
PREFERRED SECURITIES – 0.0%
Communication services – 0.0%
Telephone & Data Systems, Inc., 6.625%		5,925		133,372
TOTAL PREFERRED SECURITIES (Cost $148,125)			$	133,372
SHORT-TERM INVESTMENTS – 1.7%
Short-term funds – 1.7%
John Hancock Collateral Trust, 4.0668% (I)(J)		939,096		9,394,149
TOTAL SHORT-TERM INVESTMENTS (Cost $9,397,007)			$	9,394,149
Total Investments (Active Bond Trust) (Cost $569,678,017) – 99.7%			$	559,079,077
Other assets and liabilities, net – 0.3%				1,822,605
TOTAL NET ASSETS – 100.0%			$	560,901,682

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
IBOR	Interbank Offered Rate
ICE	Intercontinental Exchange
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR	Secured Overnight Financing Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $127,508,154 or 22.7% of the fund's net assets as of 9-30-25.
(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $1,381,026.
(D)	Security purchased or sold on a when-issued or delayed-delivery basis.
(E)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F)	Term loans are variable rate obligations. The 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)	Non-income producing security.
(I)	The rate shown is the annualized seven-day yield as of 9-30-25.
(J)	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 $1,410,188.

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	44,856,946	$	1,224,594,633
TOTAL INVESTMENT COMPANIES (Cost $1,038,912,915)		$	1,224,594,633
Total Investments (American Asset Allocation Trust) (Cost $1,038,912,915) - 100.0%		$	1,224,594,633
Other assets and liabilities, net - (0.0%)			(13,673)
TOTAL NET ASSETS - 100.0%		$	1,224,580,960

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	5,421,470	$	206,829,070
TOTAL INVESTMENT COMPANIES (Cost $177,673,360)		$	206,829,070
Total Investments (American Global Growth Trust) (Cost $177,673,360) - 100.0%		$	206,829,070
Other assets and liabilities, net - (0.0%)			(24,264)
TOTAL NET ASSETS - 100.0%		$	206,804,806

American Growth Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American Growth Fund - Class 1	8,008,877	$	1,112,192,730
TOTAL INVESTMENT COMPANIES (Cost $738,791,109)		$	1,112,192,730
Total Investments (American Growth Trust) (Cost $738,791,109) - 100.0%		$	1,112,192,730
Other assets and liabilities, net - (0.0%)			(20,473)
TOTAL NET ASSETS - 100.0%		$	1,112,172,257

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	15,112,088	$	1,008,580,770
TOTAL INVESTMENT COMPANIES (Cost $793,013,010)		$	1,008,580,770
Total Investments (American Growth-Income Trust) (Cost $793,013,010) - 100.0%		$	1,008,580,770
Other assets and liabilities, net - (0.0%)			(19,976)
TOTAL NET ASSETS - 100.0%		$	1,008,560,794

 

21

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

American International Trust

	Shares or Principal Amount	Value
INVESTMENT COMPANIES - 100.0%
American Funds Insurance Series - 100.0%
American International Fund - Class 1 (A)	17,759,417	$	385,734,530
TOTAL INVESTMENT COMPANIES (Cost $329,365,917)		$	385,734,530
Total Investments (American International Trust) (Cost $329,365,917) - 100.0%		$	385,734,530
Other assets and liabilities, net - (0.0%)			(22,305)
TOTAL NET ASSETS - 100.0%		$	385,712,225

Security Abbreviations and Legend
(A)	The fund owns 5% or more of the outstanding voting shares of the issuer and the security is considered an affiliate of the fund. For more information on this security refer to the Notes to Portfolio of Investments.

Blue Chip Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.5%
Communication services – 14.0%
Entertainment – 2.5%
Netflix, Inc. (A)	46,165	$	55,348,142
Interactive media and services – 10.6%
Alphabet, Inc., Class A	90,004		21,879,972
Alphabet, Inc., Class C	336,317		81,910,005
Meta Platforms, Inc., Class A	176,173		129,377,928
			233,167,905
Wireless telecommunication services – 0.9%
T-Mobile US, Inc.	83,740		20,045,681
			308,561,728
Consumer discretionary – 15.7%
Automobiles – 3.1%
Tesla, Inc. (A)	152,991		68,038,158
Broadline retail – 6.6%
Amazon.com, Inc. (A)	617,476		135,579,205
Sea, Ltd., ADR (A)	60,063		10,735,060
			146,314,265
Hotels, restaurants and leisure – 2.0%
Booking Holdings, Inc.	3,825		20,652,208
Chipotle Mexican Grill, Inc. (A)	262,309		10,279,890
DoorDash, Inc., Class A (A)	45,424		12,354,874
			43,286,972
Specialty retail – 4.0%
Carvana Company (A)	188,548		71,127,848
Ross Stores, Inc.	54,246		8,266,548
The TJX Companies, Inc.	70,009		10,119,101
			89,513,497
			347,152,892
Consumer staples – 0.7%
Food products – 0.2%
Mondelez International, Inc., Class A	63,320		3,955,600
Household products – 0.5%
Colgate-Palmolive Company	78,666		6,288,560
The Procter & Gamble Company	34,183		5,252,218
			11,540,778
			15,496,378
Financials – 7.8%
Capital markets – 1.4%
Morgan Stanley	55,647		8,845,647

Blue Chip Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
S&P Global, Inc.	13,058	$	6,355,459
The Charles Schwab Corp.	67,278		6,423,031
The Goldman Sachs Group, Inc.	10,533		8,387,955
			30,012,092
Financial services – 5.3%
Adyen NV (A)(B)	2,252		3,623,646
Mastercard, Inc., Class A	87,317		49,666,783
Visa, Inc., Class A	184,111		62,851,813
			116,142,242
Insurance – 1.1%
Chubb, Ltd.	64,002		18,064,565
Marsh & McLennan Companies, Inc.	35,436		7,141,417
			25,205,982
			171,360,316
Health care – 5.5%
Health care equipment and supplies – 1.6%
Intuitive Surgical, Inc. (A)	57,870		25,881,200
Stryker Corp.	26,516		9,802,170
			35,683,370
Health care providers and services – 0.7%
UnitedHealth Group, Inc.	45,959		15,869,643
Life sciences tools and services – 1.0%
Danaher Corp.	53,591		10,624,952
Thermo Fisher Scientific, Inc.	22,629		10,975,518
			21,600,470
Pharmaceuticals – 2.2%
Eli Lilly & Company	64,503		49,215,789
			122,369,272
Industrials – 3.2%
Aerospace and defense – 2.1%
General Electric Company	131,907		39,680,264
TransDigm Group, Inc.	4,236		5,583,133
			45,263,397
Commercial services and supplies – 0.3%
Cintas Corp.	25,181		5,168,652
Veralto Corp.	11,358		1,210,876
			6,379,528
Electrical equipment – 0.6%
GE Vernova, Inc.	23,031		14,161,762
Ground transportation – 0.2%
Old Dominion Freight Line, Inc.	27,666		3,894,819
			69,699,506
Information technology – 50.4%
Electronic equipment, instruments and components – 0.5%
TE Connectivity PLC	46,259		10,155,238
IT services – 0.9%
Shopify, Inc., Class A (A)	132,626		19,709,550
Semiconductors and semiconductor equipment – 22.1%
ASML Holding NV, NYRS	17,444		16,887,362
Broadcom, Inc.	314,910		103,891,958
Monolithic Power Systems, Inc.	11,698		10,769,647
NVIDIA Corp.	1,805,646		336,897,427
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	43,944		12,273,120
Texas Instruments, Inc.	30,489		5,601,744
			486,321,258
Software – 18.1%
Crowdstrike Holdings, Inc., Class A (A)	17,102		8,386,479
Datadog, Inc., Class A (A)	23,659		3,369,042

 

22

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Microsoft Corp.		563,225	$	291,722,389
Oracle Corp.		112,500		31,639,500
Palantir Technologies, Inc., Class A (A)		34,471		6,288,200
Roper Technologies, Inc.		17,990		8,971,433
ServiceNow, Inc. (A)		40,294		37,081,762
Synopsys, Inc. (A)		23,487		11,588,251
				399,047,056
Technology hardware, storage and peripherals – 8.8%
Apple, Inc. (C)		765,446		194,905,515
				1,110,138,617
Materials – 0.7%
Chemicals – 0.7%
Linde PLC		15,527		7,375,325
The Sherwin-Williams Company		22,070		7,641,958
				15,017,283
Utilities – 0.5%
Electric utilities – 0.5%
Constellation Energy Corp.		35,513		11,686,263
TOTAL COMMON STOCKS (Cost $1,149,418,990)			$	2,171,482,255
EXCHANGE-TRADED FUNDS – 1.0%
Invesco QQQ Trust Series 1		24,500		14,709,065
iShares Russell 1000 Growth ETF		16,500		7,728,765
TOTAL EXCHANGE-TRADED FUNDS (Cost $22,269,222)			$	22,437,830
CORPORATE BONDS - 0.2%
Consumer discretionary - 0.2%
Carvana Company
9.000%, (9.000% Cash or 13.000% PIK), 06/01/2030 (B)	$	1,366,094		1,429,231
9.000%, (9.000% Cash or 14.000% PIK), 06/01/2031 (B)		1,867,446		2,114,375
				3,543,606
TOTAL CORPORATE BONDS (Cost $3,553,398)			$	3,543,606
SHORT-TERM INVESTMENTS – 0.3%
Short-term funds – 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (D)		2,433		2,433
T. Rowe Price Government Reserve Fund, 4.1621% (D)		6,595,068		6,595,068
TOTAL SHORT-TERM INVESTMENTS (Cost $6,597,501)			$	6,597,501
Total Investments (Blue Chip Growth Trust) (Cost $1,181,839,111) – 100.0%			$	2,204,061,192
Other assets and liabilities, net – 0.0%				176,792
TOTAL NET ASSETS – 100.0%			$	2,204,237,984

Security Abbreviations and Legend
ADR	American Depositary Receipt
NYRS	New York Registry Shares
PIK	Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
(A)	Non-income producing security.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.

Blue Chip Growth Trust (continued)

(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $127,215. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $130,000 in the form of U.S. Treasuries was pledged to the fund.
(D)	The rate shown is the annualized seven-day yield as of 9-30-25.

Capital Appreciation Value Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 63.6%
Communication services – 4.3%
Interactive media and services – 4.3%
Alphabet, Inc., Class A	42,420	$	10,312,302
Meta Platforms, Inc., Class A (A)	15,141		11,119,248
			21,431,550
Consumer discretionary – 7.1%
Broadline retail – 4.2%
Amazon.com, Inc. (A)(B)	93,691		20,571,733
Hotels, restaurants and leisure – 2.9%
Chipotle Mexican Grill, Inc. (B)	90,563		3,549,164
Starbucks Corp.	53,292		4,508,503
Yum! Brands, Inc. (A)	41,253		6,270,456
			14,328,123
			34,899,856
Energy – 1.2%
Oil, gas and consumable fuels – 1.2%
Canadian Natural Resources, Ltd. (C)	187,118		5,980,291
Financials – 3.9%
Financial services – 2.1%
Mastercard, Inc., Class A	8,800		5,005,528
Visa, Inc., Class A (A)	16,128		5,505,777
			10,511,305
Insurance – 1.8%
Arthur J. Gallagher & Company	11,155		3,455,150
Willis Towers Watson PLC	15,086		5,211,459
			8,666,609
			19,177,914
Health care – 13.3%
Biotechnology – 0.8%
Arcellx, Inc. (B)	10,843		890,210
BioNTech SE, ADR (B)	13,199		1,301,685
Cytokinetics, Inc. (B)	19,366		1,064,355
Ionis Pharmaceuticals, Inc. (B)	5,801		379,501
Vaxcyte, Inc. (B)	11,424		411,492
			4,047,243
Health care equipment and supplies – 5.3%
Abbott Laboratories	81,194		10,875,124
Becton, Dickinson and Company (A)	75,009		14,039,435
GE HealthCare Technologies, Inc.	5,200		390,520
Hologic, Inc. (B)	14,099		951,542
			26,256,621
Health care providers and services – 3.5%
Cencora, Inc.	11,849		3,703,168
McKesson Corp.	7,386		5,705,980
The Cigna Group	17,400		5,015,550
UnitedHealth Group, Inc.	7,639		2,637,747
			17,062,445
Life sciences tools and services – 3.0%
Danaher Corp.	28,957		5,741,015

 

23

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
Revvity, Inc.	104,463	$	9,156,182
			14,897,197
Pharmaceuticals – 0.7%
Eli Lilly & Company	4,830		3,685,290
			65,948,796
Industrials – 1.7%
Aerospace and defense – 0.4%
Lockheed Martin Corp.	4,004		1,998,837
Commercial services and supplies – 0.4%
Veralto Corp.	16,041		1,710,131
Machinery – 0.9%
Ingersoll Rand, Inc.	40,457		3,342,557
Otis Worldwide Corp.	14,566		1,331,769
			4,674,326
			8,383,294
Information technology – 24.5%
Electronic equipment, instruments and components – 0.7%
Amphenol Corp., Class A	29,827		3,691,091
Semiconductors and semiconductor equipment – 7.7%
Advanced Micro Devices, Inc. (B)	45,710		7,395,421
Broadcom, Inc.	13,805		4,554,408
NVIDIA Corp. (A)	134,072		25,015,154
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	3,300		921,657
			37,886,640
Software – 11.7%
Aurora Innovation, Inc. (B)	1,110,811		5,987,271
Intuit, Inc.	1,928		1,316,650
Microsoft Corp. (A)	53,651		27,788,536
PTC, Inc. (B)	50,474		10,247,231
Roper Technologies, Inc. (A)	13,109		6,537,327
Salesforce, Inc.	6,746		1,598,802
Workday, Inc., Class A (B)	18,528		4,460,245
			57,936,062
Technology hardware, storage and peripherals – 4.4%
Apple, Inc. (A)	85,540		21,781,050
			121,294,843
Materials – 0.5%
Construction materials – 0.5%
Vulcan Materials Company	7,848		2,414,202
Utilities – 7.1%
Electric utilities – 1.3%
PPL Corp.	162,913		6,053,847
Multi-utilities – 5.8%
Ameren Corp.	69,984		7,304,930
CenterPoint Energy, Inc.	231,798		8,993,762
DTE Energy Company	28,084		3,971,920
NiSource, Inc.	196,417		8,504,856
			28,775,468
			34,829,315
TOTAL COMMON STOCKS (Cost $273,968,787)		$	314,360,061
PREFERRED SECURITIES – 0.0%
Utilities – 0.0%
Multi-utilities – 0.0%
CMS Energy Corp., 5.875%	1,673		39,784
TOTAL PREFERRED SECURITIES (Cost $41,825)		$	39,784

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 16.6%
U.S. Government – 16.6%
U.S. Treasury Notes
3.625%, 08/31/2030	$	8,087,000	$	8,045,301
3.875%, 04/30/2030 to 07/31/2030		40,894,000		41,144,434
4.000%, 05/31/2030 to 07/31/2032		32,466,000		32,747,582
				81,937,317
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $81,281,613)			$	81,937,317
CORPORATE BONDS - 7.7%
Communication services - 0.2%
CCO Holdings LLC 5.125%, 05/01/2027 (D)		851,000		845,285
Lamar Media Corp.
3.625%, 01/15/2031		50,000		46,521
3.750%, 02/15/2028		100,000		97,220
4.875%, 01/15/2029		50,000		49,551
				1,038,577
Consumer discretionary - 2.7%
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (D)		946,000		865,690
3.750%, 05/01/2029 (D)		762,000		733,040
4.000%, 05/01/2031 (D)		1,019,000		964,209
4.875%, 01/15/2030		698,000		694,085
5.750%, 05/01/2028 (D)		902,000		903,098
5.750%, 09/15/2033 (D)		578,000		585,716
5.875%, 04/01/2029 (D)		355,000		362,336
Hilton Worldwide Finance LLC 4.875%, 04/01/2027		237,000		236,839
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.750%, 06/01/2027 (D)		1,053,000		1,049,282
Life Time, Inc. 6.000%, 11/15/2031 (D)		232,000		235,704
Service Corp. International
3.375%, 08/15/2030		100,000		92,657
4.625%, 12/15/2027		44,000		43,785
5.750%, 10/15/2032		255,000		258,335
Six Flags Entertainment Corp.
5.250%, 07/15/2029		259,000		250,472
5.375%, 04/15/2027		676,000		674,248
5.500%, 04/15/2027 (D)		697,000		695,888
6.500%, 10/01/2028		560,000		562,550
7.250%, 05/15/2031 (D)		245,000		245,097
Vail Resorts, Inc.
5.625%, 07/15/2030 (D)		147,000		147,919
6.500%, 05/15/2032 (D)		315,000		325,694
Yum! Brands, Inc.
3.625%, 03/15/2031		331,000		309,069
4.625%, 01/31/2032		902,000		876,398
4.750%, 01/15/2030 (D)		402,000		399,506
5.350%, 11/01/2043		657,000		634,153
5.375%, 04/01/2032		540,000		542,027
6.875%, 11/15/2037		414,000		460,281
				13,148,078
Financials - 2.3%
AmWINS Group, Inc. 6.375%, 02/15/2029 (D)		297,000		303,039
BroadStreet Partners, Inc. 5.875%, 04/15/2029 (D)		764,000		761,775
HUB International, Ltd.
5.625%, 12/01/2029 (D)		290,000		289,708

 

24

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
HUB International, Ltd. (continued)
7.250%, 06/15/2030 (D)	$	4,487,000	$	4,679,515
7.375%, 01/31/2032 (D)		2,554,000		2,659,580
MSCI, Inc. 5.250%, 09/01/2035		646,000		651,348
Ryan Specialty LLC
4.375%, 02/01/2030 (D)		220,000		213,155
5.875%, 08/01/2032 (D)		483,000		488,403
USI, Inc. 7.500%, 01/15/2032 (D)		1,079,000		1,131,524
				11,178,047
Health care - 0.4%
Avantor Funding, Inc.
3.875%, 11/01/2029 (D)		623,000		592,451
4.625%, 07/15/2028 (D)		492,000		483,959
Hologic, Inc. 3.250%, 02/15/2029 (D)		117,000		112,974
IQVIA, Inc.
5.000%, 05/15/2027 (D)		436,000		434,786
6.500%, 05/15/2030 (D)		200,000		206,698
Surgery Center Holdings, Inc. 7.250%, 04/15/2032 (D)		205,000		210,585
				2,041,453
Industrials - 1.5%
Booz Allen Hamilton, Inc.
4.000%, 07/01/2029 (D)		205,000		199,990
5.950%, 08/04/2033		278,000		291,942
Korn Ferry 4.625%, 12/15/2027 (D)		250,000		248,287
TransDigm, Inc.
4.625%, 01/15/2029		349,000		342,011
6.250%, 01/31/2034 (D)		84,000		86,387
6.375%, 03/01/2029 (D)		1,348,000		1,378,197
6.375%, 05/31/2033 (D)		1,102,000		1,114,390
6.625%, 03/01/2032 (D)		1,826,000		1,879,949
6.750%, 08/15/2028 (D)		204,000		207,888
6.750%, 01/31/2034 (D)		779,000		805,454
7.125%, 12/01/2031 (D)		828,000		863,678
				7,418,173
Information technology - 0.2%
Capstone Borrower, Inc. 8.000%, 06/15/2030 (D)		220,000		230,074
Crowdstrike Holdings, Inc. 3.000%, 02/15/2029		24,000		22,869
Ellucian Holdings, Inc. 6.500%, 12/01/2029 (D)		328,000		333,221
Fair Isaac Corp. 6.000%, 05/15/2033 (D)		334,000		338,156
PTC, Inc. 4.000%, 02/15/2028 (D)		321,000		314,275
				1,238,595
Real estate - 0.3%
SBA Communications Corp.
3.125%, 02/01/2029		944,000		882,934
3.875%, 02/15/2027		860,000		847,036
				1,729,970
Utilities - 0.1%
CenterPoint Energy, Inc. 5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056		489,000		489,000
TOTAL CORPORATE BONDS (Cost $37,388,589)			$	38,281,893

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) – 9.5%
Consumer discretionary – 0.7%
Hilton Domestic Operating Company, Inc., 2023 Term Loan B4 (1 month CME Term SOFR + 1.750%) 5.908%, 11/08/2030	$	1,662,129		1,663,192
Mister Car Wash Holdings, Inc., 2024 Term Loan B (1 month CME Term SOFR + 2.500%) 6.663%, 03/27/2031		226,307		226,509
Varsity Brands, Inc., 2025 1st Lien Term Loan (3 month CME Term SOFR + 3.000%) 7.026%, 08/26/2031		1,276,800		1,276,162
Wyndham Hotels & Resorts, Inc., 2024 Term Loan (1 month CME Term SOFR + 1.750%) 5.913%, 05/24/2030		268,461		269,229
				3,435,092
Financials – 3.5%
AmWINS Group, Inc., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.252%, 01/30/2032		3,022,648		3,020,653
BroadStreet Partners, Inc., 2024 Term Loan B4 (1 month CME Term SOFR + 2.750%) 6.913%, 06/13/2031		3,339,358		3,341,997
CPI Holdco B LLC, 2024 Term Loan (1 month CME Term SOFR + 2.000%) 6.163%, 05/19/2031		1,187,003		1,185,519
HUB International, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.575%, 06/20/2030		6,302,684		6,310,374
Mariner Wealth Advisors LLC, 2025 Term Loan (3 month CME Term SOFR + 2.500%) 6.502%, 12/31/2030		705,602		706,752
Ryan Specialty LLC, 2024 USD Term Loan B (1 month CME Term SOFR + 2.000%) 6.163%, 09/15/2031		58,852		58,834
USI, Inc., 2024 Term Loan C (3 month CME Term SOFR + 2.250%) 6.252%, 09/29/2030		1,228,349		1,226,384
USI, Inc., 2024 Term Loan D (3 month CME Term SOFR + 2.250%) 6.252%, 11/21/2029		1,219,001		1,217,380
				17,067,893
Health care – 0.5%
AthenaHealth Group, Inc., 2022 Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 02/15/2029		695,505		693,766
Loire Finco Luxembourg Sarl, 2025 USD Term Loan B (3 month CME Term SOFR + 4.000%) 8.308%, 01/21/2030		1,667,583		1,668,417
				2,362,183
Industrials – 1.1%
Filtration Group Corp., 2025 EUR Term Loan B (1 month EURIBOR + 3.500%) 5.413%, 10/21/2028	EUR	603,316		714,083
Filtration Group Corp., 2025 USD Term Loan (1 month CME Term SOFR + 2.750%) 6.913%, 10/21/2028	$	2,722,162		2,732,370
Trans Union LLC, 2019 Term Loan B5 (1 month CME Term SOFR + 1.750%) 6.013%, 11/16/2026		92,181		92,239
TransDigm, Inc., 2025 Term Loan K (3 month CME Term SOFR + 2.250%) 6.252%, 03/22/2030		2,142,371		2,139,800
				5,678,492

 

25

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E)(continued)
Information technology – 3.5%
Applied Systems, Inc., 2024 1st Lien Term Loan (3 month CME Term SOFR + 2.250%) 6.252%, 02/24/2031	$	6,839,597		6,841,513
Applied Systems, Inc., 2024 2nd Lien Term Loan (3 month CME Term SOFR + 4.500%) 8.502%, 02/23/2032		841,009		859,057
Ascend Learning LLC, 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.000%) 7.163%, 12/11/2028		1,185,086		1,183,356
Azalea TopCo, Inc., 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.000%) 7.163%, 04/30/2031		147,162		146,703
CCC Intelligent Solutions, Inc., Term Loan (1 month CME Term SOFR + 2.000%) 6.163%, 01/23/2032		413,556		412,911
Ellucian Holdings, Inc., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 10/09/2029		1,000,526		999,906
Epicor Software Corp., 2024 Term Loan F (1 month CME Term SOFR + 2.500%) 6.663%, 05/30/2031		1,268,447		1,269,424
Icon Parent, Inc., 2024 2nd Lien Term Loan (6 month CME Term SOFR + 5.000%) 9.205%, 11/12/2032		387,200		391,436
Icon Parent, Inc., 2025 Repriced Term Loan (3 month CME Term SOFR + 2.750%) 6.753%, 11/13/2031		1,784,120		1,781,051
Informatica LLC, 2024 Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 10/27/2028		404,520		405,025
Quartz Acquireco LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.252%, 06/28/2030		289,675		288,348
Storable, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 7.413%, 04/16/2031		998,544		1,000,421
UKG, Inc., 2024 Term Loan B (3 month CME Term SOFR + 2.500%) 6.810%, 02/10/2031		1,604,207		1,602,138
				17,181,289
Real estate – 0.2%
SBA Senior Finance II LLC, 2024 Term Loan B (1 month CME Term SOFR + 1.750%) 5.920%, 01/25/2031		1,006,455		1,009,424
TOTAL TERM LOANS (Cost $46,655,838)			$	46,734,373
ASSET-BACKED SECURITIES - 0.1%
Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23 4.118%, 07/25/2047 (D)		326,180	$	324,012
Domino's Pizza Master Issuer LLC Series 2019-1A, Class A2 3.668%, 10/25/2049 (D)		206,400		198,536
TOTAL ASSET-BACKED SECURITIES (Cost $529,925)			$	522,548

Capital Appreciation Value Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 2.9%
Short-term funds – 2.5%
John Hancock Collateral Trust, 4.0668% (F)(G)		163,945	$	1,640,008
T. Rowe Price Government Reserve Fund, 4.1621% (F)		10,701,503		10,701,503
				12,341,511
Repurchase agreement – 0.4%
Repurchase Agreement with State Street Corp. dated 9-30-25 at 1.260% to be repurchased at $2,305,081 on 10-1-25, collateralized by $2,083,300 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-27 (valued at $2,351,264)	$	2,305,000		2,305,000
TOTAL SHORT-TERM INVESTMENTS (Cost $14,646,590)			$	14,646,511
Total Investments (Capital Appreciation Value Trust) (Cost $454,513,167) – 100.4%			$	496,522,487
Other assets and liabilities, net – (0.4%)				(1,936,252)
TOTAL NET ASSETS – 100.0%			$	494,586,235

Currency Abbreviations
EUR	Euro

Security Abbreviations and Legend
ADR	American Depositary Receipt
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
EURIBOR	Euro 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 9-30-25. The value of securities on loan amounted to $1,605,807.
(D)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(E)	Term loans are variable rate obligations. The rate shown represents the rate at period end.
(F)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

 

26

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)

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
BOA	Abbott Laboratories	USD	130.00	Jan 2026	45	4,500	$24,919	$(42,301)
BOA	Abbott Laboratories	USD	140.00	Jan 2026	25	2,500	5,307	(10,416)
BOA	Abbott Laboratories	USD	145.00	Jan 2026	22	2,200	12,622	(5,518)
BARC	Advanced Micro Devices, Inc.	USD	175.00	Jan 2026	25	2,500	36,113	(31,052)
BARC	Advanced Micro Devices, Inc.	USD	180.00	Jan 2026	25	2,500	32,077	(26,981)
UBS	Alphabet, Inc., Class A	USD	205.00	Jan 2026	24	2,400	25,601	(107,801)
UBS	Alphabet, Inc., Class A	USD	215.00	Jan 2026	24	2,400	18,129	(88,579)
CITI	Amazon.com, Inc.	USD	250.00	Jan 2026	25	2,500	28,525	(14,485)
CITI	Amazon.com, Inc.	USD	260.00	Jan 2026	25	2,500	20,675	(9,824)
UBS	Amphenol Corp., Class A	USD	115.00	Jan 2026	14	1,400	6,957	(21,974)
UBS	Amphenol Corp., Class A	USD	120.00	Jan 2026	14	1,400	4,997	(17,694)
BARC	Apple, Inc.	USD	235.00	Jan 2026	25	2,500	19,623	(70,427)
BARC	Apple, Inc.	USD	245.00	Jan 2026	25	2,500	12,657	(52,499)
BARC	Canadian Natural Resources, Ltd.	USD	32.50	Jan 2026	73	7,300	8,915	(13,006)
BARC	Canadian Natural Resources, Ltd.	USD	35.00	Jan 2026	73	7,300	5,408	(6,327)
UBS	Cencora, Inc.	USD	260.00	Jan 2026	15	1,500	24,255	(87,808)
UBS	Cencora, Inc.	USD	270.00	Jan 2026	12	1,200	13,404	(59,799)
BOA	CenterPoint Energy, Inc.	USD	35.00	Dec 2025	76	7,600	10,754	(33,310)
BOA	CenterPoint Energy, Inc.	USD	35.00	Dec 2025	44	4,400	5,892	(19,284)
UBS	Danaher Corp.	USD	220.00	Jan 2026	19	1,900	10,031	(11,133)
UBS	Danaher Corp.	USD	330.00	Jan 2026	25	2,500	40,441	(4)
WFB	DTE Energy Company	USD	145.00	Jan 2026	39	3,900	9,750	(15,024)
CITI	Eli Lilly & Company	USD	850.00	Jan 2026	1	100	4,878	(2,947)
CITI	Eli Lilly & Company	USD	890.00	Jan 2026	1	100	3,682	(2,024)
WFB	GE HealthCare Technologies, Inc.	USD	97.50	Jan 2026	27	2,700	13,725	(786)
WFB	GE HealthCare Technologies, Inc.	USD	100.00	Jan 2026	25	2,500	13,021	(480)
WFB	Ingersoll Rand, Inc.	USD	95.00	Jan 2026	8	800	1,253	(1,195)
WFB	Ingersoll Rand, Inc.	USD	95.00	Jan 2026	27	2,700	4,509	(4,035)
WFB	Ingersoll Rand, Inc.	USD	100.00	Jan 2026	8	800	534	(610)
WFB	Ingersoll Rand, Inc.	USD	100.00	Jan 2026	27	2,700	2,167	(2,059)
UBS	Intuit, Inc.	USD	840.00	Jan 2026	4	400	12,025	(2,008)
UBS	Intuit, Inc.	USD	860.00	Jan 2026	4	400	9,620	(1,479)
BOA	Lockheed Martin Corp.	USD	500.00	Jan 2026	6	600	11,772	(15,546)
BOA	Lockheed Martin Corp.	USD	520.00	Jan 2026	9	900	31,383	(15,274)
BOA	Lockheed Martin Corp.	USD	480.00	Jun 2026	10	1,000	22,470	(52,508)
BOA	Lockheed Martin Corp.	USD	500.00	Jun 2026	11	1,100	18,337	(45,688)
BARC	Mastercard, Inc., Class A	USD	580.00	Jan 2026	10	1,000	27,095	(25,502)
BARC	Mastercard, Inc., Class A	USD	585.00	Jan 2026	10	1,000	24,293	(23,096)
BARC	Mastercard, Inc., Class A	USD	610.00	Jan 2026	9	900	13,488	(12,063)
BARC	Mastercard, Inc., Class A	USD	620.00	Jan 2026	5	500	14,226	(5,277)
BARC	Mastercard, Inc., Class A	USD	640.00	Jan 2026	9	900	8,703	(5,727)
BARC	Mastercard, Inc., Class A	USD	670.00	Jun 2026	9	900	14,688	(12,470)
GSI	McKesson Corp.	USD	660.00	Jan 2026	4	400	14,103	(51,102)
GSI	McKesson Corp.	USD	680.00	Jan 2026	3	300	12,429	(33,129)
GSI	McKesson Corp.	USD	760.00	Jan 2026	1	100	2,931	(5,162)
GSI	McKesson Corp.	USD	760.00	Jan 2026	3	300	8,864	(15,485)
GSI	McKesson Corp.	USD	780.00	Jan 2026	1	100	2,141	(4,047)
GSI	McKesson Corp.	USD	780.00	Jan 2026	3	300	6,821	(12,141)
JPM	Meta Platforms, Inc., Class A	USD	775.00	Jan 2026	10	1,000	42,836	(40,346)
JPM	Meta Platforms, Inc., Class A	USD	810.00	Jan 2026	10	1,000	31,336	(28,252)
JPM	Microsoft Corp.	USD	565.00	Jan 2026	10	1,000	12,595	(10,647)
JPM	Microsoft Corp.	USD	590.00	Jan 2026	10	1,000	7,079	(5,724)
GSI	NVIDIA Corp.	USD	190.00	Jan 2026	27	2,700	34,822	(42,898)
GSI	NVIDIA Corp.	USD	200.00	Jan 2026	27	2,700	26,007	(31,342)
GSI	Salesforce, Inc.	USD	290.00	Jan 2026	6	600	9,070	(2,844)
GSI	Salesforce, Inc.	USD	300.00	Jan 2026	6	600	7,212	(2,193)
WFB	Starbucks Corp.	USD	100.00	Jan 2026	8	800	4,380	(1,290)
WFB	Starbucks Corp.	USD	100.00	Jan 2026	31	3,100	19,822	(4,999)
WFB	Starbucks Corp.	USD	105.00	Jan 2026	8	800	3,027	(823)
WFB	Starbucks Corp.	USD	105.00	Jan 2026	31	3,100	14,112	(3,191)
WFB	Starbucks Corp.	USD	105.00	Jan 2026	53	5,300	12,485	(5,455)
WFB	Starbucks Corp.	USD	125.00	Jan 2026	22	2,200	15,774	(416)

27

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	The Cigna Group	USD	330.00	Jan 2026	10	1,000	$10,538	$(4,975)
UBS	Veralto Corp.	USD	110.00	Jan 2026	8	800	2,560	(3,077)
UBS	Veralto Corp.	USD	110.00	Jan 2026	6	600	1,882	(2,308)
GSI	Visa, Inc., Class A	USD	360.00	Jan 2026	15	1,500	21,086	(15,515)
GSI	Visa, Inc., Class A	USD	370.00	Jan 2026	14	1,400	21,932	(9,931)
GSI	Visa, Inc., Class A	USD	380.00	Jan 2026	14	1,400	9,968	(6,669)
GSI	Visa, Inc., Class A	USD	390.00	Jan 2026	17	1,700	26,364	(5,385)
GSI	Visa, Inc., Class A	USD	400.00	Jan 2026	14	1,400	8,643	(2,959)
GSI	Visa, Inc., Class A	USD	395.00	Jun 2026	14	1,400	15,918	(13,627)
JPM	Vulcan Materials Company	USD	290.00	Dec 2025	12	1,200	7,149	(31,934)
JPM	Vulcan Materials Company	USD	300.00	Dec 2025	12	1,200	4,629	(23,640)
BOA	Willis Towers Watson PLC	USD	330.00	Jan 2026	4	400	3,876	(11,709)
BOA	Willis Towers Watson PLC	USD	340.00	Jan 2026	4	400	2,235	(9,070)
WFB	Workday, Inc., Class A	USD	260.00	Jan 2026	19	1,900	23,451	(20,681)
WFB	Workday, Inc., Class A	USD	270.00	Jan 2026	19	1,900	18,408	(15,088)
WFB	Yum! Brands, Inc.	USD	145.00	Jan 2026	17	1,700	4,503	(20,536)
WFB	Yum! Brands, Inc.	USD	160.00	Jan 2026	23	2,300	10,773	(8,995)
WFB	Yum! Brands, Inc.	USD	160.00	Jan 2026	10	1,000	3,280	(3,911)
WFB	Yum! Brands, Inc.	USD	165.00	Jan 2026	10	1,000	1,970	(2,401)
							$1,115,932	$(1,489,917)

Derivatives Currency Abbreviations
USD	U.S. Dollar

Derivatives Abbreviations
BARC	Barclays Bank PLC
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 – 48.3%
U.S. Government – 19.6%
U.S. Treasury Bonds
1.125%, 08/15/2040	$	877,000	$	553,058
1.750%, 08/15/2041		16,803,000		11,401,098
2.000%, 11/15/2041		17,139,000		12,036,130
2.250%, 08/15/2046 to 08/15/2049		9,709,000		6,222,019
2.375%, 02/15/2042		4,583,000		3,396,075
2.500%, 05/15/2046		7,784,000		5,473,429
3.000%, 02/15/2048 to 02/15/2049		24,631,000		18,530,515
3.125%, 05/15/2048		5,499,000		4,240,245
4.750%, 05/15/2055		13,043,000		13,083,759
4.875%, 08/15/2045		15,887,000		16,241,963
U.S. Treasury Notes
1.875%, 02/15/2032		2,686,000		2,382,986
3.375%, 09/15/2028		2,060,000		2,045,998
3.500%, 09/30/2027		273,000		272,413
3.625%, 03/31/2030 to 09/30/2030		26,859,000		26,728,374
3.750%, 06/30/2030		2,863,000		2,864,230
3.875%, 09/30/2032		1,003,000		999,709
4.000%, 07/31/2030		6,927,000		7,005,199
4.125%, 08/31/2030		5,177,000		5,263,755

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)
4.250%, 08/15/2035	$	12,102,000	$	12,200,329
4.625%, 09/30/2030		5,406,000		5,619,284
				156,560,568
U.S. Government Agency – 28.7%
Federal Home Loan Mortgage Corp.
2.000%, 06/01/2040 to 12/01/2051		9,701,871		8,462,662
2.500%, 07/01/2033 to 04/01/2052		22,127,265		19,252,017
3.000%, 03/01/2043 to 01/01/2050		13,445,913		12,222,513
3.104%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.621%), 02/01/2050 (A)		430,926		432,334
3.951%, (30 day Average SOFR + 2.140%), 08/01/2052 (A)		460,732		451,392
4.000%, 03/01/2050		1,465,637		1,413,755
4.218%, (30 day Average SOFR + 2.306%), 05/01/2053 (A)		1,296,661		1,298,416
4.500%, 06/01/2039 to 07/01/2039		61,409		60,691
4.611%, (30 day Average SOFR + 2.352%), 03/01/2053 (A)		841,926		837,456

 

28

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
4.828%, (30 day Average SOFR + 2.151%), 01/01/2055 (A)	$	702,337	$	708,574
4.848%, (30 day Average SOFR + 2.246%), 06/01/2055 (A)		2,261,488		2,270,985
4.895%, (30 day Average SOFR + 2.325%), 10/01/2054 (A)		605,985		613,920
4.980%, (30 day Average SOFR + 2.060%), 06/01/2055 (A)		370,428		373,345
4.988%, (30 day Average SOFR + 2.257%), 02/01/2054 (A)		267,409		270,814
5.016%, (30 day Average SOFR + 2.140%), 06/01/2055 (A)		421,575		424,713
5.069%, (30 day Average SOFR + 2.060%), 07/01/2055 (A)		230,228		232,298
5.076%, (30 day Average SOFR + 2.060%), 08/01/2055 (A)		422,869		426,744
5.104%, (30 day Average SOFR + 2.193%), 08/01/2055 (A)		205,309		207,172
5.106%, (30 day Average SOFR + 2.161%), 06/01/2055 (A)		363,093		366,192
5.121%, (30 day Average SOFR + 2.227%), 06/01/2055 (A)		1,969,308		1,988,101
5.141%, (30 day Average SOFR + 2.060%), 07/01/2055 (A)		342,559		345,832
5.198%, (30 day Average SOFR + 2.203%), 06/01/2055 (A)		596,385		603,103
5.220%, (30 day Average SOFR + 2.265%), 01/01/2055 (A)		1,934,280		1,955,981
5.263%, (30 day Average SOFR + 2.075%), 07/01/2055 (A)		944,960		955,431
5.303%, (30 day Average SOFR + 2.075%), 07/01/2055 (A)		382,590		386,455
5.322%, (30 day Average SOFR + 2.105%), 08/01/2055 (A)		350,295		355,078
5.337%, (30 day Average SOFR + 2.330%), 08/01/2055 (A)		431,759		437,197
5.431%, (30 day Average SOFR + 2.330%), 08/01/2055 (A)		554,813		562,382
5.446%, (30 day Average SOFR + 2.090%), 05/01/2055 (A)		242,423		246,309
5.500%, 05/01/2055 to 07/01/2055		5,726,244		5,787,651
5.612%, (30 day Average SOFR + 2.330%), 07/01/2055 (A)		655,438		666,579
5.818%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.640%), 11/01/2048 (A)		244,873		249,812
6.000%, 09/01/2054 to 06/01/2055		11,773,194		12,161,815
6.500%, 09/01/2054 to 11/01/2054		2,533,052		2,675,810
Federal National Mortgage Association
2.000%, 06/01/2040 to 03/01/2047		20,047,112		17,296,535
2.500%, 05/01/2037 to 05/01/2052		15,339,368		13,438,942
2.754%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.606%), 06/01/2050 (A)		307,536		298,498
3.000%, 08/01/2042 to 07/01/2060		45,223,784		40,938,890
3.500%, 06/01/2042 to 01/01/2044		508,198		485,716
3.935%, (30 day Average SOFR + 2.120%), 08/01/2052 (A)		183,092		179,851
4.000%, 01/01/2027 to 12/01/2048		1,746,912		1,706,535
4.102%, (30 day Average SOFR + 2.120%), 09/01/2052 (A)		593,641		599,353

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)
4.130%, (30 day Average SOFR + 2.134%), 10/01/2052 (A)	$	1,486,710	$	1,497,478
4.146%, (30 day Average SOFR + 2.129%), 11/01/2052 (A)		517,682		521,455
4.355%, (30 day Average SOFR + 2.162%), 01/01/2055 (A)		627,552		633,263
4.359%, (30 day Average SOFR + 2.125%), 07/01/2052 (A)		762,468		764,913
4.500%, 03/01/2043 to 02/01/2046		1,076,230		1,074,617
4.535%, (30 day Average SOFR + 2.330%), 04/01/2053 (A)		2,133,309		2,124,150
4.600%, (30 day Average SOFR + 2.126%), 08/01/2052 (A)		837,912		845,274
4.601%, (30 day Average SOFR + 2.123%), 08/01/2052 (A)		647,906		648,802
4.637%, (30 day Average SOFR + 2.128%), 08/01/2052 (A)		478,538		483,196
4.673%, (30 day Average SOFR + 2.297%), 04/01/2053 (A)		2,569,083		2,593,696
4.866%, (30 day Average SOFR + 2.279%), 07/01/2054 (A)		1,310,572		1,328,621
4.943%, (30 day Average SOFR + 2.161%), 04/01/2055 (A)		512,826		517,886
4.967%, (30 day Average SOFR + 2.310%), 05/01/2055 (A)		612,241		615,947
5.014%, (30 day Average SOFR + 2.050%), 08/01/2055 (A)		217,544		219,734
5.053%, (30 day Average SOFR + 2.086%), 07/01/2055 (A)		622,408		629,334
5.371%, (30 day Average SOFR + 2.060%), 05/01/2055 (A)		615,004		625,894
5.402%, (30 day Average SOFR + 2.333%), 08/01/2054 (A)		902,104		918,560
5.500%, TBA (B)		7,800,000		7,864,898
5.500%, 02/01/2054 to 07/01/2055		17,173,132		17,374,864
5.592%, (30 day Average SOFR + 2.060%), 08/01/2055 (A)		625,949		640,239
5.598%, (30 day Average SOFR + 2.085%), 12/01/2053 (A)		410,188		420,356
5.975%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.604%), 03/01/2050 (A)		563,981		576,188
6.000%, 12/01/2053 to 06/01/2055		10,421,432		10,747,967
6.500%, 12/01/2053 to 10/01/2054		1,609,205		1,697,824
Government National Mortgage Association
2.500%, 12/20/2037 to 07/20/2050		4,419,562		3,900,240
3.000%, 06/20/2043 to 10/20/2050		3,590,697		3,248,211
4.000%, 08/20/2052		6,310,870		5,988,855
5.500%, 08/20/2055		2,826,570		2,849,421
6.000%, 01/20/2053 to 07/20/2055		3,753,558		3,842,239
				229,841,971
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $386,271,805)			$	386,402,539
FOREIGN GOVERNMENT OBLIGATIONS – 1.4%
Australia – 0.1%
Export Finance & Insurance Corp. 4.625%, 10/26/2027 (C)(D)		845,000		859,278
Israel – 0.2%
State of Israel
3.875%, 07/03/2050		299,000		214,761

 

29

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Israel (continued)
State of Israel (continued)
4.500%, 01/17/2033	$	408,000	$	397,646
5.375%, 02/19/2030		780,000		804,546
5.750%, 03/12/2054		427,000		403,918
				1,820,871
Kuwait – 0.4%
State of Kuwait
4.016%, 10/09/2028 (C)		1,245,000		1,245,000
4.136%, 10/09/2030 (C)		1,243,000		1,243,000
4.652%, 10/09/2035 (C)		704,000		704,000
				3,192,000
Mexico – 0.6%
Government of Mexico
3.500%, 02/12/2034		304,000		264,024
4.400%, 02/12/2052		205,000		152,838
4.600%, 01/23/2046		348,000		278,574
4.600%, 02/10/2048		373,000		293,812
4.750%, 03/22/2031		936,000		927,810
4.750%, 03/08/2044		358,000		297,409
5.375%, 03/22/2033		1,541,000		1,536,377
5.625%, 09/22/2035		366,000		364,192
6.625%, 01/29/2038		550,000		578,056
				4,693,092
Paraguay – 0.1%
Republic of Paraguay 5.400%, 03/30/2050 (C)		911,000		836,043
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $11,247,499)			$	11,401,284
CORPORATE BONDS – 25.6%
Communication services – 1.1%
Alphabet, Inc.
5.250%, 05/15/2055		373,000		373,813
5.300%, 05/15/2065		373,000		371,147
AT&T, Inc.
3.500%, 06/01/2041		248,000		198,246
3.500%, 09/15/2053 (D)		384,000		265,614
3.550%, 09/15/2055		384,000		264,621
3.650%, 09/15/2059		243,000		166,140
3.800%, 12/01/2057		338,000		241,010
4.550%, 11/01/2032		459,000		456,964
4.900%, 11/01/2035		459,000		455,416
5.550%, 11/01/2045		367,000		363,352
5.700%, 11/01/2054		367,000		362,730
Charter Communications Operating LLC
3.500%, 06/01/2041		133,000		97,037
3.500%, 03/01/2042		651,000		468,880
3.900%, 06/01/2052		189,000		128,008
5.250%, 04/01/2053		319,000		266,556
5.500%, 04/01/2063		136,000		113,967
5.850%, 12/01/2035		495,000		499,728
6.700%, 12/01/2055		486,000		491,808
Comcast Corp.
2.987%, 11/01/2063		290,000		165,595
4.049%, 11/01/2052		250,000		191,681
5.350%, 05/15/2053		206,000		193,165
Meta Platforms, Inc.
5.400%, 08/15/2054		150,000		148,197
5.550%, 08/15/2064		719,000		713,717
Netflix, Inc. 5.400%, 08/15/2054		332,000		334,346
T-Mobile USA, Inc.
5.300%, 05/15/2035		531,000		543,841
5.875%, 11/15/2055		271,000		276,817

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Verizon Communications, Inc.
2.987%, 10/30/2056	$	389,000	$	239,854
5.250%, 04/02/2035		679,000		690,484
				9,082,734
Consumer discretionary – 1.1%
BMW US Capital LLC 5.200%, 08/11/2035 (C)		455,000		459,892
Chevron USA, Inc. 4.300%, 10/15/2030		473,000		475,578
Dick's Sporting Goods, Inc. 4.100%, 01/15/2052		501,000		373,004
Ford Motor Credit Company LLC 2.900%, 02/10/2029		1,786,000		1,654,776
General Motors Financial Company, Inc. 2.700%, 06/10/2031		985,000		880,597
Gildan Activewear, Inc. 5.400%, 10/07/2035 (C)		135,000		135,019
Hyundai Capital America
4.500%, 09/18/2030 (C)		344,000		342,362
5.150%, 03/27/2030 (C)		383,000		390,823
Lowe's Companies, Inc.
3.500%, 04/01/2051		313,000		222,315
4.250%, 03/15/2031		618,000		614,000
4.250%, 04/01/2052		577,000		465,907
4.850%, 10/15/2035		575,000		570,242
Marriott International, Inc. 5.250%, 10/15/2035		790,000		797,033
McDonald's Corp. 6.300%, 03/01/2038		395,000		436,262
The Home Depot, Inc.
3.625%, 04/15/2052		252,000		188,795
4.850%, 06/25/2031		114,000		117,638
Toyota Motor Credit Corp. 4.650%, 09/03/2032		801,000		806,457
				8,930,700
Consumer staples – 1.7%
Altria Group, Inc. 3.875%, 09/16/2046		357,000		273,648
Anheuser-Busch Companies LLC 4.700%, 02/01/2036		1,359,000		1,341,744
Anheuser-Busch InBev Worldwide, Inc. 5.450%, 01/23/2039		264,000		272,769
BAT Capital Corp.
4.540%, 08/15/2047		548,000		459,520
6.250%, 08/15/2055		388,000		405,703
7.081%, 08/02/2053		143,000		163,907
Bunge, Ltd. Finance Corp. 5.150%, 08/04/2035		683,000		691,051
Imperial Brands Finance PLC 5.625%, 07/01/2035 (C)		526,000		536,481
JBS USA LUX SA
3.000%, 05/15/2032		510,000		456,284
3.625%, 01/15/2032		687,000		640,396
5.750%, 04/01/2033		170,000		177,536
6.375%, 04/15/2066 (C)		136,000		139,813
6.500%, 12/01/2052		356,000		375,131
7.250%, 11/15/2053		543,000		622,667
PepsiCo, Inc.
4.100%, 01/15/2029		665,000		667,350
4.300%, 07/23/2030		368,000		370,245
Philip Morris International, Inc.
4.125%, 04/28/2028		1,147,000		1,149,055
4.375%, 04/30/2030		971,000		975,320
4.875%, 04/30/2035		1,029,000		1,029,589
5.000%, 11/17/2025		548,000		548,367

 

30

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Walmart, Inc.
4.350%, 04/28/2030	$	924,000	$	939,166
4.900%, 04/28/2035		1,208,000		1,242,623
				13,478,365
Energy – 1.1%
Aker BP ASA
5.125%, 10/01/2034 (C)		365,000		358,788
5.800%, 10/01/2054 (C)		157,000		145,556
Devon Energy Corp. 5.750%, 09/15/2054		434,000		402,568
Diamondback Energy, Inc.
5.150%, 01/30/2030		488,000		502,577
5.200%, 04/18/2027		261,000		264,747
5.750%, 04/18/2054		163,000		156,902
5.900%, 04/18/2064		131,000		126,111
Energy Transfer LP
5.250%, 07/01/2029		659,000		678,119
5.300%, 04/15/2047		264,000		238,439
5.700%, 04/01/2035		771,000		796,119
5.950%, 05/15/2054		1,061,000		1,027,503
6.000%, 02/01/2029 (C)		478,000		484,799
6.050%, 09/01/2054		270,000		265,108
Equinor ASA 5.125%, 06/03/2035		227,000		233,887
Galaxy Pipeline Assets Bidco, Ltd.
2.160%, 03/31/2034 (C)		513,205		465,967
2.625%, 03/31/2036 (C)		459,000		404,300
Kinder Morgan, Inc. 5.150%, 06/01/2030		452,000		466,274
ONEOK, Inc.
5.050%, 11/01/2034		136,000		134,120
5.700%, 11/01/2054		565,000		533,400
5.850%, 11/01/2064		105,000		100,224
6.250%, 10/15/2055		341,000		346,292
Petroleos Mexicanos 2.460%, 12/15/2025		162,050		160,542
Saudi Arabian Oil Company 6.375%, 06/02/2055 (C)		244,000		260,098
TotalEnergies Capital SA
5.425%, 09/10/2064		136,000		130,949
5.638%, 04/05/2064		130,000		129,519
				8,812,908
Financials – 7.9%
American Express Company
4.351%, (4.351% to 7-20-28, then Overnight SOFR + 0.810%), 07/20/2029		1,065,000		1,071,283
4.731%, (4.731% to 4-25-28, then Overnight SOFR + 1.260%), 04/25/2029		851,000		864,411
4.918%, (4.918% to 7-20-32, then Overnight SOFR + 1.220%), 07/20/2033		779,000		792,561
5.016%, (5.016% to 4-25-30, then Overnight SOFR + 1.440%), 04/25/2031		914,000		939,838
5.085%, (5.085% to 1-30-30, then SOFR Compounded Index + 1.020%), 01/30/2031		357,000		368,062
5.442%, (5.442% to 1-30-35, then SOFR Compounded Index + 1.320%), 01/30/2036		467,000		485,715
5.667%, (5.667% to 4-25-35, then Overnight SOFR + 1.790%), 04/25/2036		343,000		362,381

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Ares Management Corp. 5.600%, 10/11/2054	$	394,000	$	381,023
Athene Global Funding 5.543%, 08/22/2035 (C)		407,000		412,451
Bank of America Corp.
1.734%, (1.734% to 7-22-26, then Overnight SOFR + 0.960%), 07/22/2027		1,641,000		1,608,227
1.922%, (1.922% to 10-24-30, then Overnight SOFR + 1.370%), 10/24/2031		228,000		202,503
2.496%, (2.496% to 2-13-30, then 3 month CME Term SOFR + 1.252%), 02/13/2031		513,000		474,783
Barclays PLC
4.476%, (4.476% to 11-11-28, then Overnight SOFR + 1.080%), 11/11/2029		798,000		799,410
5.785%, (5.785% to 2-25-35, then Overnight SOFR + 1.590%), 02/25/2036		572,000		596,948
BPCE SA
5.389%, (5.389% to 5-28-30, then Overnight SOFR + 1.581%), 05/28/2031 (C)		301,000		308,809
6.027%, (6.027% to 5-28-35, then Overnight SOFR + 1.956%), 05/28/2036 (C)		318,000		334,884
Brookfield Asset Management, Ltd. 6.077%, 09/15/2055		268,000		278,089
Brookfield Finance, Inc. 5.330%, 01/15/2036		565,000		567,983
CaixaBank SA
4.634%, (4.634% to 7-3-28, then Overnight SOFR + 1.140%), 07/03/2029 (C)		862,000		868,035
4.885%, (4.885% to 7-3-30, then Overnight SOFR + 1.360%), 07/03/2031 (C)		862,000		870,846
5.581%, (5.581% to 7-3-35, then Overnight SOFR + 1.790%), 07/03/2036 (C)		519,000		531,575
Canadian Imperial Bank of Commerce
4.243%, (4.243% to 9-8-27, then SOFR Compounded Index + 0.600%), 09/08/2028		805,000		806,375
4.580%, (4.580% to 9-8-30, then SOFR Compounded Index + 1.170%), 09/08/2031		862,000		864,832
Capital One Financial Corp. 6.051%, (6.051% to 2-1-34, then Overnight SOFR + 2.260%), 02/01/2035		1,011,000		1,073,194
Citigroup, Inc.
4.503%, (4.503% to 9-11-30, then Overnight SOFR + 1.171%), 09/11/2031		986,000		986,533
4.542%, (4.542% to 9-19-29, then Overnight SOFR + 1.338%), 09/19/2030 (D)		426,000		427,982
4.786%, (4.786% to 3-4-28, then Overnight SOFR + 0.870%), 03/04/2029		920,000		931,850

 

31

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (continued)
4.952%, (4.952% to 5-7-30, then Overnight SOFR + 1.463%), 05/07/2031	$	681,000	$	693,940
5.174%, (5.174% to 9-11-35, then Overnight SOFR + 1.488%), 09/11/2036		641,000		647,505
5.333%, (5.333% to 3-27-35, then Overnight SOFR + 1.465%), 03/27/2036		927,000		947,581
5.612%, (5.612% to 3-4-55, then Overnight SOFR + 1.746%), 03/04/2056		631,000		637,158
5.827%, (5.827% to 2-13-34, then Overnight SOFR + 2.056%), 02/13/2035		287,000		297,662
6.020%, (6.020% to 1-24-35, then Overnight SOFR + 1.830%), 01/24/2036		788,000		825,497
Commonwealth Bank of Australia 4.150%, 10/01/2030 (B)		510,000		509,834
Credit Agricole SA 4.818%, (4.818% to 9-25-32, then Overnight SOFR + 1.360%), 09/25/2033 (C)		931,000		925,278
Deutsche Bank AG 4.950%, (4.950% to 8-4-30, then Overnight SOFR + 1.300%), 08/04/2031		461,000		465,360
FS KKR Capital Corp. 6.125%, 01/15/2030 (D)		743,000		739,682
Guardian Life Global Funding 4.327%, 10/06/2030 (C)		578,000		578,215
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then Overnight SOFR + 2.040%), 04/22/2031		397,000		368,229
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036		570,000		590,909
Mitsubishi UFJ Financial Group, Inc.
4.527%, (4.527% to 9-12-30, then 1 Year CMT + 0.800%), 09/12/2031		750,000		752,855
5.188%, (5.188% to 9-12-35, then 5 Year CMT + 0.930%), 09/12/2036		755,000		767,164
Morgan Stanley
4.994%, (4.994% to 4-12-28, then Overnight SOFR + 1.380%), 04/12/2029		1,335,000		1,361,665
5.042%, (5.042% to 7-19-29, then Overnight SOFR + 1.215%), 07/19/2030		1,211,000		1,241,107
5.192%, (5.192% to 4-17-30, then Overnight SOFR + 1.510%), 04/17/2031		216,000		223,040
5.230%, (5.230% to 1-15-30, then Overnight SOFR + 1.108%), 01/15/2031		1,301,000		1,342,827
5.449%, (5.449% to 7-20-28, then Overnight SOFR + 1.630%), 07/20/2029		512,000		529,055
5.831%, (5.831% to 4-19-34, then Overnight SOFR + 1.580%), 04/19/2035		1,195,000		1,273,921

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Morgan Stanley Private Bank NA
4.466%, (4.466% to 7-6-27, then Overnight SOFR + 0.770%), 07/06/2028	$	807,000	$	811,525
4.734%, (4.734% to 7-18-30, then Overnight SOFR + 1.080%), 07/18/2031		2,427,000		2,463,243
Nationwide Building Society
4.351%, 09/30/2030 (C)		752,000		749,180
5.537%, (5.537% to 7-14-35, then Overnight SOFR + 1.650%), 07/14/2036 (C)		424,000		436,031
Nomura Holdings, Inc. 4.904%, 07/01/2030 (D)		858,000		870,192
Oaktree Specialty Lending Corp. 6.340%, 02/27/2030		447,000		448,983
PNC Bank NA 4.429%, (4.429% to 7-21-27, then Overnight SOFR + 0.727%), 07/21/2028		1,066,000		1,071,396
Royal Bank of Canada 4.696%, (4.696% to 8-6-30, then Overnight SOFR + 1.060%), 08/06/2031		912,000		923,939
Societe Generale SA
5.439%, (5.439% to 10-3-35, then Overnight SOFR + 1.730%), 10/03/2036 (C)		812,000		809,897
7.132%, (7.132% to 1-19-54, then 1 Year CMT + 2.950%), 01/19/2055 (C)		427,000		456,233
State Street Corp. 4.729%, 02/28/2030		1,052,000		1,074,907
Sumitomo Life Insurance Company 5.875%, (5.875% to 9-10-35, then 5 Year CMT + 2.651%), 09/10/2055 (C)		891,000		907,132
Sumitomo Mitsui Financial Group, Inc.
4.660%, (4.660% to 7-8-30, then Overnight SOFR + 1.190%), 07/08/2031		472,000		477,235
4.954%, (4.954% to 7-8-32, then Overnight SOFR + 1.380%), 07/08/2033		472,000		480,390
Sumitomo Mitsui Trust Bank, Ltd. 4.350%, 09/11/2030 (C)		511,000		512,259
Sumitomo Mitsui Trust Group, Inc. 5.416%, (5.416% to 9-11-35, then Overnight SOFR + 1.650%), 09/11/2036 (C)		528,000		533,987
Synchrony Financial 6.000%, (6.000% to 7-29-35, then Overnight SOFR + 2.070%), 07/29/2036		398,000		407,091
The Bank of New York Mellon Corp. 4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031		743,000		763,162
The Goldman Sachs Group, Inc.
4.692%, (4.692% to 10-23-29, then Overnight SOFR + 1.135%), 10/23/2030		787,000		797,030
5.049%, (5.049% to 7-23-29, then Overnight SOFR + 1.210%), 07/23/2030		406,000		416,176

 

32

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Goldman Sachs Group, Inc. (continued)
5.207%, (5.207% to 1-28-30, then Overnight SOFR + 1.078%), 01/28/2031	$	1,039,000	$	1,072,542
5.218%, (5.218% to 4-23-30, then Overnight SOFR + 1.580%), 04/23/2031		1,329,000		1,374,326
5.330%, (5.330% to 7-23-34, then Overnight SOFR + 1.550%), 07/23/2035		808,000		831,791
5.734%, (5.734% to 1-28-55, then Overnight SOFR + 1.696%), 01/28/2056		370,000		383,605
The PNC Financial Services Group, Inc.
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032		603,000		611,295
5.373%, (5.373% to 7-21-35, then Overnight SOFR + 1.417%), 07/21/2036		342,000		351,941
Truist Bank 4.420%, (4.420% to 7-24-27, then Overnight SOFR + 0.770%), 07/24/2028		1,069,000		1,073,561
UBS Group AG
4.151%, (4.151% to 12-23-28, then Overnight SOFR + 0.840%), 12/23/2029 (C)		1,078,000		1,075,446
4.398%, (4.398% to 9-23-30, then Overnight SOFR + 1.060%), 09/23/2031 (C)		922,000		918,872
5.010%, (5.010% to 3-23-36, then Overnight SOFR + 1.340%), 03/23/2037 (C)		1,448,000		1,441,019
Wells Fargo & Company
4.078%, (4.078% to 9-15-28, then Overnight SOFR + 0.880%), 09/15/2029		740,000		737,692
4.892%, (4.892% to 9-15-35, then Overnight SOFR + 1.340%), 09/15/2036		458,000		457,085
4.900%, (4.900% to 1-24-27, then Overnight SOFR + 0.780%), 01/24/2028		573,000		578,269
4.970%, (4.970% to 4-23-28, then Overnight SOFR + 1.370%), 04/23/2029		1,352,000		1,377,744
5.150%, (5.150% to 4-23-30, then Overnight SOFR + 1.500%), 04/23/2031		445,000		458,929
5.211%, (5.211% to 12-3-34, then Overnight SOFR + 1.380%), 12/03/2035		421,000		430,153
5.574%, (5.574% to 7-25-28, then Overnight SOFR + 1.740%), 07/25/2029		257,000		266,342
5.707%, (5.707% to 4-22-27, then Overnight SOFR + 1.070%), 04/22/2028		409,000		418,503
6.303%, (6.303% to 10-23-28, then Overnight SOFR + 1.790%), 10/23/2029		262,000		277,501
				63,475,671

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care – 2.4%
AbbVie, Inc.
3.200%, 11/21/2029	$	964,000	$	930,019
4.050%, 11/21/2039		274,000		245,212
4.250%, 11/21/2049		951,000		801,199
4.500%, 05/14/2035		41,000		40,233
4.550%, 03/15/2035		113,000		111,237
4.800%, 03/15/2027		654,000		661,426
4.875%, 03/15/2030		526,000		541,444
4.950%, 03/15/2031		392,000		405,181
5.050%, 03/15/2034		654,000		672,982
5.200%, 03/15/2035		611,000		632,348
5.600%, 03/15/2055		60,000		61,391
Alcon Finance Corp. 5.375%, 12/06/2032 (C)		776,000		809,139
Amgen, Inc.
5.600%, 03/02/2043		377,000		381,996
5.650%, 03/02/2053		118,000		117,698
CVS Health Corp.
4.780%, 03/25/2038		287,000		268,987
5.050%, 03/25/2048		1,162,000		1,033,875
5.550%, 06/01/2031		519,000		542,872
5.700%, 06/01/2034		532,000		555,166
Eli Lilly & Company
4.200%, 08/14/2029		822,000		827,819
4.250%, 03/15/2031		794,000		794,987
4.600%, 08/14/2034		677,000		679,537
4.700%, 02/09/2034		519,000		524,731
4.900%, 02/12/2032		199,000		205,573
5.050%, 08/14/2054		63,000		60,100
5.100%, 02/12/2035		282,000		291,721
5.100%, 02/09/2064		261,000		246,538
5.500%, 02/12/2055		327,000		334,007
5.550%, 10/15/2055		165,000		169,745
5.600%, 02/12/2065		361,000		369,615
EMD Finance LLC
4.375%, 10/15/2030 (C)		729,000		728,911
5.000%, 10/15/2035 (C)		514,000		514,174
Gilead Sciences, Inc. 4.000%, 09/01/2036		264,000		245,615
HCA, Inc.
5.250%, 06/15/2049		336,000		307,772
5.500%, 03/01/2032		896,000		933,481
5.900%, 06/01/2053		196,000		193,520
6.200%, 03/01/2055		531,000		548,142
Merck & Company, Inc. 2.350%, 06/24/2040		219,000		157,291
UnitedHealth Group, Inc.
3.050%, 05/15/2041		121,000		92,044
5.500%, 07/15/2044		316,000		316,597
5.625%, 07/15/2054		844,000		839,432
5.875%, 02/15/2053		666,000		684,705
				18,878,462
Industrials – 2.8%
Carlisle Companies, Inc.
5.250%, 09/15/2035		339,000		343,102
5.550%, 09/15/2040		136,000		137,667
Caterpillar Financial Services Corp.
4.375%, 08/16/2029 (D)		293,000		297,037
5.000%, 05/14/2027		786,000		799,639
Caterpillar, Inc. 5.200%, 05/15/2035		861,000		890,798
Crowley Conro LLC 4.181%, 08/15/2043		407,885		373,305
Deere & Company
5.450%, 01/16/2035		1,102,000		1,159,983

 

33

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Deere & Company (continued)
5.700%, 01/19/2055	$	546,000	$	574,267
Delta Air Lines, Inc.
4.750%, 10/20/2028 (C)		851,000		855,785
4.950%, 07/10/2028		1,051,000		1,063,755
5.250%, 07/10/2030		1,182,000		1,205,867
Eaton Capital ULC 4.450%, 05/09/2030		349,000		352,618
Embraer Netherlands Finance BV
5.400%, 01/09/2038 (B)		403,000		401,239
5.980%, 02/11/2035		682,000		723,520
General Electric Company
4.300%, 07/29/2030		798,000		802,740
4.900%, 01/29/2036		726,000		736,115
Howmet Aerospace, Inc. 4.850%, 10/15/2031		350,000		359,113
John Deere Capital Corp.
4.150%, 09/15/2027		515,000		517,426
4.500%, 01/08/2027		650,000		655,125
4.650%, 01/07/2028		458,000		465,484
4.850%, 06/11/2029		85,000		87,320
5.150%, 09/08/2026		481,000		487,017
Norfolk Southern Corp. 5.100%, 05/01/2035		456,000		465,578
Northrop Grumman Corp.
4.650%, 07/15/2030		375,000		381,417
5.250%, 07/15/2035		348,000		360,224
Siemens Funding BV
4.350%, 05/26/2028 (C)		855,000		863,455
4.600%, 05/28/2030 (C)		570,000		580,256
4.900%, 05/28/2032 (C)		688,000		705,691
5.200%, 05/28/2035 (C)		688,000		713,366
5.800%, 05/28/2055 (C)		348,000		373,401
The Boeing Company
5.805%, 05/01/2050		456,000		455,573
6.858%, 05/01/2054		273,000		311,412
Uber Technologies, Inc.
4.150%, 01/15/2031		687,000		680,726
4.800%, 09/15/2034		665,000		666,248
4.800%, 09/15/2035		458,000		453,845
5.350%, 09/15/2054		312,000		302,711
Union Pacific Corp. 5.600%, 12/01/2054		205,000		208,181
United Parcel Service, Inc. 6.050%, 05/14/2065		521,000		545,382
Verisk Analytics, Inc.
4.500%, 08/15/2030		454,000		455,363
5.125%, 02/15/2036		507,000		511,689
				22,323,440
Information technology – 2.8%
Accenture Capital, Inc.
4.250%, 10/04/2031		1,048,000		1,046,435
4.500%, 10/04/2034		577,000		569,051
Apple, Inc.
2.375%, 02/08/2041		188,000		135,149
2.650%, 05/11/2050		205,000		131,349
2.650%, 02/08/2051		158,000		100,804
3.950%, 08/08/2052		495,000		401,992
4.000%, 05/12/2028		394,000		396,658
4.200%, 05/12/2030		678,000		685,311
Autodesk, Inc.
2.400%, 12/15/2031		32,000		28,351
5.300%, 06/15/2035		339,000		348,377
Broadcom, Inc.
4.150%, 02/15/2028		643,000		644,677

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Broadcom, Inc. (continued)
4.550%, 02/15/2032	$	655,000	$	659,551
4.600%, 07/15/2030		858,000		870,972
4.800%, 10/15/2034		917,000		923,414
4.900%, 07/15/2032		536,000		548,321
4.926%, 05/15/2037 (C)		369,000		368,010
5.050%, 07/12/2029		943,000		971,371
5.150%, 11/15/2031		874,000		908,129
5.200%, 07/15/2035		279,000		287,538
Cadence Design Systems, Inc.
4.200%, 09/10/2027		488,000		490,029
4.300%, 09/10/2029		1,356,000		1,364,540
4.700%, 09/10/2034		1,257,000		1,254,969
Foundry JV Holdco LLC
5.500%, 01/25/2031 (C)		405,000		420,257
5.900%, 01/25/2033 (C)		369,000		389,105
Hewlett Packard Enterprise Company 5.600%, 10/15/2054		281,000		268,738
Intel Corp.
2.800%, 08/12/2041		222,000		155,283
3.250%, 11/15/2049		130,000		86,384
5.625%, 02/10/2043		148,000		145,136
5.900%, 02/10/2063		194,000		188,955
Oracle Corp.
4.000%, 07/15/2046		448,000		348,980
4.450%, 09/26/2030		567,000		566,722
4.800%, 09/26/2032		567,000		567,682
5.200%, 09/26/2035		567,000		570,122
5.375%, 09/27/2054		339,000		311,413
5.550%, 02/06/2053		282,000		266,835
5.875%, 09/26/2045		539,000		540,463
5.950%, 09/26/2055		539,000		537,342
6.000%, 08/03/2055		785,000		788,067
6.100%, 09/26/2065		539,000		538,007
Synopsys, Inc.
4.650%, 04/01/2028		394,000		398,410
4.850%, 04/01/2030		564,000		574,474
5.000%, 04/01/2032		451,000		460,876
5.150%, 04/01/2035		401,000		407,919
5.700%, 04/01/2055		319,000		321,945
Texas Instruments, Inc.
5.000%, 03/14/2053		309,000		290,756
5.150%, 02/08/2054		261,000		251,671
				22,530,540
Materials – 0.4%
Corp. Nacional del Cobre de Chile 6.330%, 01/13/2035 (C)		362,000		385,983
CRH SMW Finance DAC 5.125%, 01/09/2030		446,000		459,052
Gerdau Trade, Inc. 5.750%, 06/09/2035		415,000		429,940
Glencore Funding LLC
5.634%, 04/04/2034 (C)		305,000		317,430
5.673%, 04/01/2035 (C)		711,000		738,965
6.141%, 04/01/2055 (C)		267,000		279,123
Suzano Netherlands BV 5.500%, 01/15/2036		403,000		403,403
				3,013,896
Real estate – 1.3%
Agree LP
2.000%, 06/15/2028		403,000		380,223
2.600%, 06/15/2033		110,000		94,129
4.800%, 10/01/2032		242,000		243,645
5.600%, 06/15/2035		395,000		411,804

 

34

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
American Homes 4 Rent LP
3.625%, 04/15/2032	$	445,000	$	416,431
4.300%, 04/15/2052		199,000		159,465
4.950%, 06/15/2030		339,000		345,177
5.500%, 07/15/2034		181,000		186,514
Brixmor Operating Partnership LP
2.500%, 08/16/2031		426,000		378,313
4.850%, 02/15/2033		188,000		187,587
CBRE Services, Inc. 5.500%, 06/15/2035		343,000		353,294
Crown Castle, Inc. 2.100%, 04/01/2031		11,000		9,631
Essex Portfolio LP
2.550%, 06/15/2031		230,000		205,945
5.500%, 04/01/2034		271,000		281,452
Invitation Homes Operating Partnership LP
2.000%, 08/15/2031		77,000		66,533
4.150%, 04/15/2032		443,000		428,263
4.875%, 02/01/2035		393,000		388,089
4.950%, 01/15/2033		451,000		453,188
Kimco Realty OP LLC
4.850%, 03/01/2035		354,000		351,784
5.300%, 02/01/2036		407,000		416,045
Realty Income Corp.
2.100%, 03/15/2028		250,000		238,516
2.850%, 12/15/2032		322,000		287,340
3.400%, 01/15/2030		267,000		258,482
3.950%, 02/01/2029 (B)		405,000		402,993
4.500%, 02/01/2033 (B)		345,000		341,229
4.900%, 07/15/2033		383,000		388,158
Regency Centers LP
2.950%, 09/15/2029		609,000		581,474
5.000%, 07/15/2032		384,000		392,844
5.250%, 01/15/2034		522,000		536,488
Store Capital LLC
2.700%, 12/01/2031		155,000		135,693
2.750%, 11/18/2030		394,000		358,155
Sun Communities Operating LP 4.200%, 04/15/2032		489,000		473,745
				10,152,629
Utilities – 3.0%
Alabama Power Company 5.100%, 04/02/2035		366,000		374,021
American Transmission Systems, Inc. 2.650%, 01/15/2032 (C)		161,000		144,443
Arizona Public Service Company 5.900%, 08/15/2055		451,000		461,823
Baltimore Gas & Electric Company
2.250%, 06/15/2031		345,000		308,856
5.450%, 06/01/2035		453,000		470,544
CenterPoint Energy Houston Electric LLC
3.600%, 03/01/2052		255,000		189,309
4.950%, 08/15/2035		546,000		544,021
Chile Electricity Lux MPC II Sarl
5.580%, 10/20/2035 (C)		336,262		347,284
5.672%, 10/20/2035 (C)		528,000		544,156
Consolidated Edison Company of New York, Inc.
3.200%, 12/01/2051		77,000		52,144
3.700%, 11/15/2059		131,000		93,804
Consumers Energy Company
4.500%, 01/15/2031		678,000		684,928
5.050%, 05/15/2035		501,000		509,689

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
DTE Electric Company
2.950%, 03/01/2050	$	402,000	$	270,982
3.650%, 03/01/2052		184,000		137,596
5.250%, 05/15/2035		237,000		243,850
Duke Energy Carolinas LLC
2.550%, 04/15/2031		157,000		143,725
2.850%, 03/15/2032		428,000		390,122
3.550%, 03/15/2052		312,000		229,673
5.250%, 03/15/2035		376,000		389,090
5.350%, 01/15/2053		302,000		296,202
Duke Energy Corp.
3.500%, 06/15/2051		214,000		150,791
4.950%, 09/15/2035		806,000		800,711
Duke Energy Florida LLC 2.400%, 12/15/2031		344,000		309,218
Duke Energy Progress LLC
2.500%, 08/15/2050		348,000		208,592
3.700%, 10/15/2046		78,000		60,343
Entergy Arkansas LLC
2.650%, 06/15/2051		310,000		187,458
5.150%, 01/15/2033		517,000		534,602
Entergy Mississippi LLC 5.800%, 04/15/2055		337,000		345,238
Exelon Corp. 5.875%, 03/15/2055		519,000		528,005
FirstEnergy Pennsylvania Electric Company
3.250%, 03/15/2028 (C)		336,000		327,896
4.300%, 01/15/2029 (C)		405,000		405,589
5.200%, 04/01/2028 (C)		265,000		270,987
Georgia Power Company
4.000%, 10/01/2028		618,000		617,989
4.850%, 03/15/2031		249,000		255,670
5.200%, 03/15/2035		135,000		138,339
Jersey Central Power & Light Company
2.750%, 03/01/2032 (C)		379,000		338,869
4.150%, 01/15/2029 (C)		369,000		368,531
4.400%, 01/15/2031 (C)		616,000		613,826
5.100%, 01/15/2035		307,000		311,137
MidAmerican Energy Company 2.700%, 08/01/2052		299,000		187,965
Mississippi Power Company
3.100%, 07/30/2051		413,000		278,584
4.250%, 03/15/2042		175,000		152,405
Northern States Power Company
5.050%, 05/15/2035		565,000		576,250
5.400%, 03/15/2054		209,000		207,202
5.650%, 06/15/2054		226,000		233,138
NRG Energy, Inc.
4.734%, 10/15/2030 (C)		540,000		539,829
5.407%, 10/15/2035 (C)		270,000		270,918
NSTAR Electric Company 5.400%, 06/01/2034		398,000		414,308
Ohio Edison Company 4.950%, 12/15/2029 (C)		339,000		346,415
Oncor Electric Delivery Company LLC
5.350%, 04/01/2035 (C)		317,000		327,872
5.800%, 04/01/2055 (C)		370,000		380,544
Pacific Gas & Electric Company
3.500%, 08/01/2050		131,000		89,369
3.950%, 12/01/2047		842,000		629,268
4.200%, 06/01/2041		200,000		163,774
4.950%, 07/01/2050		985,000		845,412
5.050%, 10/15/2032		579,000		577,900
6.100%, 10/15/2055		371,000		370,481

 

35

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
PECO Energy Company 2.850%, 09/15/2051	$	416,000	$	267,351
PPL Capital Funding, Inc. 5.250%, 09/01/2034		240,000		245,461
Public Service Company of Oklahoma 3.150%, 08/15/2051		233,000		152,023
Public Service Electric & Gas Company
1.900%, 08/15/2031		592,000		519,194
2.050%, 08/01/2050		96,000		52,059
2.700%, 05/01/2050		161,000		101,716
4.900%, 08/15/2035		454,000		457,522
5.050%, 03/01/2035		398,000		405,946
5.500%, 03/01/2055		158,000		158,695
Sempra 6.550%, (6.550% to 4-1-35, then 5 Year CMT + 2.138%), 04/01/2055		75,000		76,640
Southern California Edison Company 4.125%, 03/01/2048		260,000		198,655
Trans-Allegheny Interstate Line Company 5.000%, 01/15/2031 (C)		491,000		503,423
Virginia Electric & Power Company 2.950%, 11/15/2051		345,000		220,633
Wisconsin Electric Power Company 4.150%, 10/15/2030		495,000		492,909
				24,043,914
TOTAL CORPORATE BONDS (Cost $203,786,947)			$	204,723,259
MUNICIPAL BONDS – 0.1%
Board of Regents of the University of Texas System 2.439%, 08/15/2049		215,000		134,515
North Texas Tollway Authority 6.718%, 01/01/2049		343,000		382,068
Ohio State University 4.800%, 06/01/2111		41,000		34,924
Port Authority of New York & New Jersey 4.458%, 10/01/2062		571,000		487,328
TOTAL MUNICIPAL BONDS (Cost $1,389,280)			$	1,038,835
COLLATERALIZED MORTGAGE OBLIGATIONS – 14.3%
Commercial and residential – 1.6%
Angel Oak Mortgage Trust LLC
Series 2020-2, Class A1A, 2.531%, 01/26/2065 (C)(E)		84,103		79,971
Series 2020-5, Class A1, 1.373%, 05/25/2065 (C)(E)		37,127		35,651
Series 2021-6, Class A1, 1.458%, 09/25/2066 (C)(E)		381,515		324,554
BANK Series 2022-BNK44, Class A5 5.935%, 11/15/2055 (E)		302,000		319,667
BBCMS Mortgage Trust
Series 2018-C2, Class ASB, 4.236%, 12/15/2051		122,311		122,513
Series 2022-C17, Class A5, 4.441%, 09/15/2055		600,000		591,129
Series 2025-5C33, Class A4, 5.839%, 03/15/2058		756,000		796,721
Series 2025-5C37, Class A3, 5.015%, 09/15/2058		510,000		521,391
Series 2025-C35, Class A5, 5.586%, 07/15/2058 (E)		189,000		199,391

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Benchmark Mortgage Trust Series 2021-B25, Class A4 2.268%, 04/15/2054	$	250,000	$	227,177
BMO Mortgage Trust
Series 2025-5C10, Class A3, 5.578%, 05/15/2058		375,000		390,965
Series 2025-C11, Class A5, 5.687%, 02/15/2058		376,000		398,753
Series 2025-C12, Class A5, 5.871%, 06/15/2058 (E)		250,000		268,384
Bunker Hill Loan Depositary Trust Series 2019-2, Class A1 2.879%, 07/25/2049 (C)		122,648		120,242
BX Commercial Mortgage Trust Series 2021-VOLT, Class A (1 month CME Term SOFR + 0.814%) 4.965%, 09/15/2036 (A)(C)		1,622,787		1,617,716
BX Trust Series 2025-VLT7, Class A (1 month CME Term SOFR + 1.700%) 5.850%, 07/15/2044 (A)(C)		479,000		480,198
COLT Mortgage Loan Trust
Series 2021-2, Class A1, 0.924%, 08/25/2066 (C)(E)		490,505		415,801
Series 2021-4, Class A1, 1.397%, 10/25/2066 (C)(E)		534,485		458,088
GS Mortgage Securities Trust Series 2020-GSA2, Class A4 1.721%, 12/12/2053		995,000		889,690
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP4, Class A3 3.393%, 12/15/2049		139,000		137,714
MFA Trust Series 2021-NQM2, Class A1 1.029%, 11/25/2064 (C)(E)		190,573		168,594
Morgan Stanley Bank of America Merrill Lynch Trust Series 2025-5C1, Class A3 5.635%, 03/15/2058		175,000		182,938
Morgan Stanley Capital I Trust Series 2020-HR8, Class A3 1.790%, 07/15/2053		372,479		332,421
New Residential Mortgage Loan Trust Series 2019-NQM4, Class A1 2.492%, 09/25/2059 (C)(E)		83,805		80,527
Starwood Mortgage Residential Trust
Series 2020-3, Class A1, 1.486%, 04/25/2065 (C)(E)		88,421		86,227
Series 2020-INV1, Class A1, 1.027%, 11/25/2055 (C)(E)		77,848		74,027
Series 2021-1, Class A1, 1.219%, 05/25/2065 (C)(E)		134,898		126,703
Series 2021-4, Class A1, 1.162%, 08/25/2056 (C)(E)		435,975		388,163
SWCH Commercial Mortgage Trust Series 2025-DATA, Class A (1 month CME Term SOFR + 1.443%) 5.593%, 02/15/2042 (A)(C)		649,000		645,552
Verus Securitization Trust
Series 2021-1, Class A1, 0.815%, 01/25/2066 (C)(E)		193,989		174,440

 

36

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 (continued)
Series 2021-2, Class A1, 1.031%, 02/25/2066 (C)(E)	$	382,386	$	341,813
Series 2021-3, Class A1, 1.046%, 06/25/2066 (C)(E)		343,924		302,504
Series 2021-4, Class A1, 0.938%, 07/25/2066 (C)(E)		438,051		372,378
Series 2021-8, Class A1, 1.824%, 11/25/2066 (C)(E)		444,645		411,549
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (C)(E)		93,699		90,160
Series 2021-R3, Class A1, 1.020%, 04/25/2064 (C)(E)		156,949		149,579
Wells Fargo Commercial Mortgage Trust Series 2025-C64, Class A5 5.645%, 02/15/2058		126,000		133,331
				12,456,622
U.S. Government Agency – 12.7%
Federal Home Loan Mortgage Corp.
Series 264, Class 30, 3.000%, 07/15/2042		776,389		716,847
Series 326, Class F2 (30 day Average SOFR + 0.664%), 5.037%, 03/15/2044 (A)		278,795		277,929
Series 3693, Class FC (30 day Average SOFR + 0.614%), 4.987%, 07/15/2040 (A)		179,896		178,634
Series 3919, Class FA (30 day Average SOFR + 0.614%), 4.987%, 09/15/2041 (A)		173,804		172,440
Series 3958, Class AF (30 day Average SOFR + 0.564%), 4.937%, 11/15/2041 (A)		162,961		161,438
Series 3975, Class FA (30 day Average SOFR + 0.604%), 4.977%, 12/15/2041 (A)		150,151		149,073
Series 3990, Class FG (30 day Average SOFR + 0.564%), 4.937%, 01/15/2042 (A)		186,723		185,064
Series 4059, Class FP (30 day Average SOFR + 0.564%), 4.937%, 06/15/2042 (A)		219,895		217,599
Series 4091, Class BX, 3.250%, 10/15/2041		367,913		348,505
Series 4091, Class EX, 3.375%, 07/15/2042		236,534		223,451
Series 4091, Class FN (30 day Average SOFR + 0.514%), 4.887%, 08/15/2042 (A)		214,478		211,360
Series 4091, Class MX, 3.250%, 02/15/2042		276,311		259,821
Series 4117, Class HB, 2.500%, 10/15/2042		240,562		217,144
Series 4160, Class HP, 2.500%, 01/15/2033		223,576		215,297
Series 4184, Class FN (30 day Average SOFR + 0.464%), 4.837%, 03/15/2043 (A)		127,625		125,607
Series 4205, Class PA, 1.750%, 05/15/2043		247,126		216,670
Series 4240, Class FA (30 day Average SOFR + 0.614%), 4.987%, 08/15/2043 (A)		662,311		652,040

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 4281, Class FA (30 day Average SOFR + 0.514%), 4.887%, 12/15/2043 (A)	$	99,926	$	98,989
Series 4303, Class FA (30 day Average SOFR + 0.464%), 4.837%, 02/15/2044 (A)		180,864		178,207
Series 4427, Class CE, 3.000%, 02/15/2034		51,685		51,149
Series 4446, Class CP, 2.250%, 03/15/2045		302,940		273,031
Series 4582, Class HA, 3.000%, 09/15/2045		1,134,433		1,072,718
Series 4587, Class AF (30 day Average SOFR + 0.464%), 4.837%, 06/15/2046 (A)		308,079		305,852
Series 4604, Class FB (30 day Average SOFR + 0.514%), 4.887%, 08/15/2046 (A)		595,434		589,601
Series 4611, Class BF (30 day Average SOFR + 0.514%), 4.887%, 06/15/2041 (A)		2,269,036		2,243,696
Series 4620, Class LF (30 day Average SOFR + 0.514%), 4.887%, 10/15/2046 (A)		321,181		318,341
Series 4628, Class KF (30 day Average SOFR + 0.614%), 4.987%, 01/15/2055 (A)		360,741		350,808
Series 4709, Class FA (30 day Average SOFR + 0.414%), 4.787%, 08/15/2047 (A)		238,439		235,104
Series 4719, Class LA, 3.500%, 09/15/2047		334,301		314,206
Series 4719, Class LM, 3.000%, 09/15/2047		258,296		235,259
Series 4742, Class PA, 3.000%, 10/15/2047		665,394		612,368
Series 4753, Class BD, 3.000%, 01/15/2048		281,534		254,374
Series 4826, Class KF (30 day Average SOFR + 0.414%), 4.787%, 09/15/2048 (A)		218,399		213,115
Series 4854, Class FB (30 day Average SOFR + 0.414%), 4.787%, 01/15/2049 (A)		604,049		596,915
Series 4857, Class JA, 3.350%, 01/15/2049		952,558		917,970
Series 4880, Class DA, 3.000%, 05/15/2050		527,284		490,018
Series 4903, Class NF (30 day Average SOFR + 0.514%), 4.871%, 08/25/2049 (A)		198,727		194,825
Series 4927, Class BG, 3.000%, 11/25/2049		449,372		415,576
Series 4937, Class MD, 2.500%, 10/25/2049		437,914		390,539
Series 4940, Class AG, 3.000%, 05/15/2040		274,034		261,079
Series 4941, Class GA, 2.000%, 12/15/2047		253,570		214,467
Series 4954, Class LB, 2.500%, 02/25/2050		268,262		237,661

 

37

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 4957, Class MY, 3.000%, 02/25/2050	$	317,000	$	266,680
Series 4988, Class KF (30 day Average SOFR + 0.464%), 4.821%, 07/25/2050 (A)		340,333		336,420
Series 4993, Class KF (30 day Average SOFR + 0.564%), 4.921%, 07/25/2050 (A)		2,042,415		1,975,686
Series 5004, Class FM (30 day Average SOFR + 0.464%), 4.821%, 08/25/2050 (A)		406,546		390,038
Series 5020, Class ET, 3.500%, 10/25/2050		391,917		361,481
Series 5058, Class BC, 5.000%, 11/25/2050		286,840		284,324
Series 5091, Class AB, 1.500%, 03/25/2051		776,555		638,413
Series 5092, Class HE, 2.000%, 02/25/2051		470,536		398,997
Series 5116, Class PB, 2.250%, 02/25/2051		485,267		426,581
Series 5118, Class CA, 1.500%, 10/15/2033		460,426		427,950
Series 5119, Class QF (30 day Average SOFR + 0.200%), 4.556%, 06/25/2051 (A)		605,943		570,389
Series 5178, Class TP, 2.500%, 04/25/2049		635,417		568,249
Series 5182, Class M, 2.500%, 05/25/2049		375,026		336,234
Series 5201, Class CA, 2.500%, 07/25/2048		539,945		496,450
Series 5202, Class BH, 2.000%, 12/25/2047		276,251		254,720
Series 5202, Class KA, 2.500%, 06/25/2049		421,705		380,361
Series 5202, Class TA, 2.500%, 12/25/2048		807,352		744,437
Series 5207, Class PA, 3.000%, 06/25/2051		612,188		552,708
Series 5210, Class DC, 3.000%, 09/25/2051		418,219		392,921
Series 5217, Class CD, 2.500%, 07/25/2049		434,703		408,545
Series 5220, Class QK, 3.500%, 09/25/2050		854,262		819,107
Series 5228, Class TN, 3.500%, 07/25/2039		301,708		291,367
Series 5335, Class FB (30 day Average SOFR + 0.814%), 5.187%, 10/15/2039 (A)		784,495		786,641
Series 5396, Class HF (30 day Average SOFR + 0.950%), 5.306%, 04/25/2054 (A)		1,080,895		1,084,925
Series 5399, Class FB (30 day Average SOFR + 0.900%), 5.256%, 04/25/2054 (A)		628,341		627,381
Series 5410, Class JY, 3.000%, 03/15/2044		484,000		424,061
Series 5451, Class FD (30 day Average SOFR + 0.514%), 4.887%, 01/15/2044 (A)		349,045		344,452

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 5452, Class KY, 3.000%, 03/15/2044	$	519,000	$	451,121
Series 5529, Class HA, 3.000%, 03/15/2043		280,873		266,846
Federal National Mortgage Association
Series 2010-107, Class FB (30 day Average SOFR + 0.524%), 4.881%, 09/25/2040 (A)		166,872		165,365
Series 2011-111, Class DB, 4.000%, 11/25/2041		374,392		363,720
Series 2011-117, Class AF (30 day Average SOFR + 0.564%), 4.921%, 11/25/2041 (A)		149,447		148,010
Series 2011-117, Class FA (30 day Average SOFR + 0.564%), 4.921%, 11/25/2041 (A)		345,988		342,784
Series 2011-127, Class FC (30 day Average SOFR + 0.564%), 4.921%, 12/25/2041 (A)		159,695		158,041
Series 2011-142, Class EF (30 day Average SOFR + 0.614%), 4.971%, 01/25/2042 (A)		179,000		177,618
Series 2011-55, Class FH (30 day Average SOFR + 0.554%), 4.911%, 06/25/2041 (A)		125,054		124,147
Series 2012-106, Class FA (30 day Average SOFR + 0.454%), 4.811%, 10/25/2042 (A)		141,884		140,178
Series 2012-12, Class FA (30 day Average SOFR + 0.614%), 4.971%, 02/25/2042 (A)		157,957		156,690
Series 2012-151, Class NX, 1.500%, 01/25/2043		247,959		216,361
Series 2012-47, Class JF (30 day Average SOFR + 0.614%), 4.971%, 05/25/2042 (A)		212,481		210,749
Series 2013-11, Class AP, 1.500%, 01/25/2043		675,239		620,712
Series 2013-43, Class BP, 1.750%, 05/25/2043		298,034		261,494
Series 2013-49, Class AP, 1.750%, 05/25/2043		194,009		168,689
Series 2014-25, Class EL, 3.000%, 05/25/2044		349,603		321,294
Series 2014-74, Class FC (30 day Average SOFR + 0.514%), 4.871%, 11/25/2044 (A)		180,780		178,148
Series 2015-32, Class FA (30 day Average SOFR + 0.414%), 4.771%, 05/25/2045 (A)		327,600		319,374
Series 2015-48, Class FB (30 day Average SOFR + 0.414%), 4.771%, 07/25/2045 (A)		389,492		379,888
Series 2015-72, Class GL, 3.000%, 10/25/2045		249,000		218,571
Series 2015-8, Class AP, 2.000%, 03/25/2045		596,524		537,334
Series 2015-84, Class PA, 1.700%, 08/25/2033		399,148		376,121
Series 2016-11, Class CF (30 day Average SOFR + 0.464%), 4.821%, 03/25/2046 (A)		165,653		163,829

 

38

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 2016-11, Class FG (30 day Average SOFR + 0.464%), 4.821%, 03/25/2046 (A)	$	221,880	$	219,299
Series 2016-19, Class FD (30 day Average SOFR + 0.514%), 4.871%, 04/25/2046 (A)		1,016,913		1,009,332
Series 2016-22, Class FA (30 day Average SOFR + 0.514%), 4.871%, 04/25/2046 (A)		430,674		426,379
Series 2016-22, Class FG (30 day Average SOFR + 0.514%), 4.871%, 04/25/2046 (A)		380,722		376,813
Series 2016-48, Class MA, 2.000%, 06/25/2038		884,586		828,314
Series 2016-57, Class PC, 1.750%, 06/25/2046		2,032,443		1,743,276
Series 2016-64, Class BC, 1.750%, 09/25/2046		402,899		376,934
Series 2016-64, Class PE, 2.500%, 09/25/2046		281,000		216,908
Series 2016-69, Class BF (30 day Average SOFR + 0.514%), 4.871%, 10/25/2046 (A)		345,965		342,859
Series 2016-75, Class FE (30 day Average SOFR + 0.514%), 4.871%, 10/25/2046 (A)		263,155		261,034
Series 2016-78, Class FA (30 day Average SOFR + 0.514%), 4.871%, 03/25/2044 (A)		169,361		167,483
Series 2016-79, Class FH (30 day Average SOFR + 0.514%), 4.871%, 11/25/2046 (A)		266,286		264,031
Series 2016-82, Class FE (30 day Average SOFR + 0.514%), 4.871%, 11/25/2046 (A)		584,510		579,846
Series 2016-82, Class FH (30 day Average SOFR + 0.514%), 4.871%, 11/25/2046 (A)		539,676		534,505
Series 2016-84, Class FB (30 day Average SOFR + 0.514%), 4.871%, 11/25/2046 (A)		259,724		257,144
Series 2016-86, Class FE (30 day Average SOFR + 0.514%), 4.871%, 11/25/2046 (A)		674,167		667,350
Series 2016-88, Class CF (30 day Average SOFR + 0.564%), 4.921%, 12/25/2046 (A)		454,784		451,000
Series 2016-91, Class AF (30 day Average SOFR + 0.514%), 4.871%, 12/25/2046 (A)		238,252		236,644
Series 2017-11, Class FA (30 day Average SOFR + 0.514%), 4.871%, 03/25/2047 (A)		106,728		105,845
Series 2017-113, Class FB (30 day Average SOFR + 0.364%), 4.721%, 01/25/2048 (A)		107,114		105,660
Series 2017-12, Class FD (30 day Average SOFR + 0.514%), 4.871%, 03/25/2047 (A)		265,447		263,248
Series 2017-13, Class PA, 3.000%, 08/25/2046		399,509		375,146

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2017-23, Class FA (30 day Average SOFR + 0.514%), 4.871%, 04/25/2047 (A)	$	298,579	$	295,850
Series 2017-24, Class PG, 2.625%, 04/25/2047		1,034,021		916,660
Series 2017-26, Class FA (30 day Average SOFR + 0.464%), 4.821%, 04/25/2047 (A)		681,585		675,623
Series 2017-35, Class MC, 2.625%, 12/25/2044		211,382		205,323
Series 2017-82, Class FE (30 day Average SOFR + 0.364%), 4.721%, 10/25/2047 (A)		245,039		242,951
Series 2017-9, Class BF (30 day Average SOFR + 0.514%), 4.871%, 03/25/2047 (A)		320,851		318,045
Series 2017-9, Class DF (30 day Average SOFR + 0.514%), 4.871%, 03/25/2047 (A)		231,745		229,735
Series 2017-9, Class EF (30 day Average SOFR + 0.514%), 4.871%, 03/25/2047 (A)		120,963		119,947
Series 2017-96, Class FB (30 day Average SOFR + 0.414%), 4.771%, 12/25/2047 (A)		424,500		418,180
Series 2018-1, Class FA (30 day Average SOFR + 0.364%), 4.721%, 02/25/2048 (A)		137,599		135,872
Series 2018-14, Class KC, 3.000%, 03/25/2048		628,926		602,475
Series 2018-36, Class FD (30 day Average SOFR + 0.364%), 4.721%, 06/25/2048 (A)		556,577		550,264
Series 2018-38, Class MA, 3.300%, 06/25/2048		490,981		470,947
Series 2018-45, Class TM, 3.000%, 06/25/2048		393,993		357,325
Series 2018-55, Class GA, 3.375%, 08/25/2048		375,187		360,932
Series 2018-64, Class A, 3.000%, 09/25/2048		358,194		322,649
Series 2018-85, Class EA, 3.500%, 12/25/2048		272,896		265,757
Series 2019-13, Class PE, 3.000%, 03/25/2049		234,167		215,216
Series 2019-15, Class FA (30 day Average SOFR + 0.614%), 4.971%, 04/25/2049 (A)		198,114		193,702
Series 2019-25, Class PA, 3.000%, 05/25/2048		611,161		573,263
Series 2019-41, Class FG (30 day Average SOFR + 0.614%), 4.971%, 08/25/2059 (A)		504,216		490,075
Series 2019-43, Class FC (30 day Average SOFR + 0.514%), 4.871%, 08/25/2049 (A)		385,555		378,269
Series 2019-67, Class FB (30 day Average SOFR + 0.564%), 4.921%, 11/25/2049 (A)		214,947		210,970
Series 2019-81, Class LH, 3.000%, 12/25/2049		283,474		258,148

 

39

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 2020-48, Class AB, 2.000%, 07/25/2050	$	328,457	$	281,665
Series 2020-59, Class NC, 3.000%, 08/25/2040		429,032		396,357
Series 2021-27, Class EC, 1.500%, 05/25/2051		1,407,564		1,153,970
Series 2021-40, Class DW, 2.000%, 06/25/2041		96,351		86,185
Series 2021-42, Class AC, 2.000%, 02/25/2051		393,651		341,337
Series 2021-78, Class ND, 1.500%, 11/25/2051		761,613		625,270
Series 2021-91, Class AB, 2.500%, 09/25/2049		482,660		430,560
Series 2021-95, Class CP, 1.500%, 08/25/2051		225,135		193,398
Series 2022-3, Class N, 2.000%, 10/25/2047		1,316,196		1,178,571
Series 2022-62, Class KA, 3.250%, 09/25/2052		291,423		274,435
Series 2022-89, Class AY, 3.000%, 02/25/2048		623,000		545,654
Series 2023-14, Class EJ, 2.750%, 04/25/2049		460,771		432,348
Series 2023-37, Class FH (30 day Average SOFR + 0.514%), 4.871%, 01/25/2050 (A)		796,970		783,290
Series 2023-38, Class FC (30 day Average SOFR + 0.664%), 5.021%, 06/25/2040 (A)		602,870		600,889
Series 2023-38, Class FD (30 day Average SOFR + 0.864%), 5.213%, 10/25/2039 (A)		190,866		189,792
Series 2024-64, Class KY, 3.000%, 12/25/2043		303,000		261,258
Government National Mortgage Association
Series 2010-163, Class NC, 4.000%, 12/20/2040		382,176		378,235
Series 2013-152, Class HA, 2.500%, 06/20/2043		428,779		398,555
Series 2014-133, Class BP, 2.250%, 09/20/2044		330,406		298,539
Series 2014-149, Class KP, 2.250%, 07/16/2044		281,704		259,858
Series 2014-181, Class L, 3.000%, 12/20/2044		306,245		278,785
Series 2015-144, Class CA, 2.500%, 10/20/2045		464,821		412,929
Series 2016-136, Class A, 3.000%, 07/20/2044		275,503		250,632
Series 2016-93, Class AB, 1.750%, 07/20/2044		596,217		502,886
Series 2017-139, Class GA, 3.000%, 09/20/2047		1,075,502		979,397
Series 2017-167, Class BQ, 2.500%, 08/20/2044		331,594		313,238
Series 2018-65, Class DC, 3.500%, 05/20/2048		410,000		382,293
Series 2020-63, Class UD, 1.750%, 04/20/2050		296,841		245,809

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2021-105, Class P, 1.750%, 06/20/2051	$	1,440,446	$	1,184,376
Series 2021-107, Class DB, 1.750%, 04/20/2051		1,359,108		1,119,427
Series 2021-135, Class A, 2.000%, 08/20/2051		333,265		278,041
Series 2021-160, Class NE, 2.000%, 09/20/2051		2,549,581		2,179,455
Series 2021-215, Class GA, 2.000%, 12/20/2051		2,211,039		1,932,970
Series 2021-225, Class YC, 2.000%, 12/20/2051		262,725		226,031
Series 2021-24, Class BC, 1.250%, 02/20/2051		465,360		366,643
Series 2021-27, Class BD, 5.000%, 02/20/2051		426,385		425,252
Series 2021-27, Class CW, 5.000%, 02/20/2051 (E)		539,394		538,006
Series 2021-27, Class NT, 5.000%, 02/20/2051		429,513		423,881
Series 2021-27, Class Q, 5.000%, 02/20/2051		382,559		381,416
Series 2021-8, Class CY, 5.000%, 01/20/2051		383,115		381,947
Series 2021-89, Class LK, 2.000%, 05/20/2051		802,078		668,444
Series 2022-107, Class C, 2.500%, 06/20/2051		1,766,161		1,481,923
Series 2022-138, Class PT, 2.500%, 10/20/2051		2,103,299		1,762,459
Series 2022-153, Class KA, 4.000%, 12/20/2049		429,038		423,224
Series 2022-197, Class LF (30 day Average SOFR + 0.700%), 5.089%, 11/20/2052 (A)		1,665,535		1,657,261
Series 2022-205, Class A, 2.000%, 09/20/2051		653,862		533,210
Series 2022-24, Class AH, 2.500%, 02/20/2052		143,394		123,774
Series 2022-31, Class GH, 2.500%, 12/20/2049		1,060,850		959,181
Series 2022-34, Class DN, 3.500%, 09/20/2041		854,769		821,190
Series 2022-46, Class LY, 3.000%, 03/20/2052		202,000		168,502
Series 2022-5, Class BA, 2.000%, 10/20/2049		1,690,269		1,476,837
Series 2022-50, Class CA, 3.000%, 03/20/2052		1,504,501		1,361,768
Series 2022-66, Class CG, 3.500%, 04/20/2052		920,472		879,944
Series 2022-78, Class HW, 2.500%, 04/20/2052		349,000		279,089
Series 2022-84, Class A, 2.500%, 01/20/2052		523,001		437,910
Series 2022-9, Class GA, 2.000%, 01/20/2052		385,591		321,678
Series 2023-81, Class YJ, 3.500%, 06/20/2053		2,042,000		1,788,541
Series 2024-110, Class JC, 3.000%, 09/20/2047		2,532,859		2,413,259

 

40

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2024-110, Class JL, 3.000%, 10/20/2049	$	540,000	$	466,962
Series 2024-45, Class BD, 2.000%, 03/20/2054		342,594		315,991
Series 2025-1, Class GC, 3.500%, 10/20/2051		6,293,196		6,062,541
Series 2025-7, Class EL, 2.500%, 01/20/2055		233,000		167,255
				101,753,140
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $115,151,678)			$	114,209,762
ASSET-BACKED SECURITIES – 8.2%
Ally Auto Receivables Trust Series 2022-3, Class A4 5.070%, 10/16/2028		331,000		332,806
American Express Credit Account Master Trust
Series 2023-4, Class A 5.150%, 09/16/2030		1,180,000		1,220,248
Series 2025-2, Class A 4.280%, 04/15/2030		1,497,000		1,511,301
Series 2025-4, Class A 4.300%, 07/15/2030		2,618,000		2,646,100
Series 2025-5, Class A 4.510%, 07/15/2032		1,409,000		1,438,940
AmeriCredit Automobile Receivables Trust
Series 2023-1, Class A3 5.620%, 11/18/2027		150,292		150,749
Series 2023-2, Class A3 5.810%, 05/18/2028		565,830		570,072
AutoNation Finance Trust Series 2025-1A, Class A3 4.620%, 11/13/2029 (C)		518,000		522,974
BA Credit Card Trust Series 2025-A1, Class A 4.310%, 05/15/2030		1,569,000		1,586,954
Barclays Dryrock Issuance Trust Series 2025-1, Class A 3.970%, 07/15/2031		1,205,000		1,201,527
Capital One Multi-Asset Execution Trust
Series 2025-A1, Class A 3.820%, 09/16/2030		228,000		227,881
Series 2025-A2, Class A 4.020%, 09/15/2032		269,000		268,452
CarMax Auto Owner Trust
Series 2025-2, Class A3 4.480%, 03/15/2030		1,223,000		1,235,845
Series 2025-3, Class A3 4.350%, 07/15/2030		729,000		734,954
Series 2025-3, Class A4 4.470%, 01/15/2031		494,000		500,756
Chase Auto Owner Trust Series 2022-AA, Class A4 3.990%, 03/27/2028 (C)		416,000		415,546
Chase Issuance Trust
Series 2024-A2, Class A 4.630%, 01/15/2031		1,009,000		1,031,291
Series 2025-A1, Class A 4.160%, 07/15/2030		365,000		367,349

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Citibank Credit Card Issuance Trust Series 2025-A1, Class A 4.300%, 06/21/2030	$	1,197,000	$	1,209,454
College Ave Student Loans LLC
Series 2017-A, Class A1 (1 month CME Term SOFR + 1.764%) 5.922%, 11/26/2046 (A)(C)		174,273		175,640
Series 2018-A, Class A2 4.130%, 12/26/2047 (C)		134,506		132,555
Series 2019-A, Class A2 3.280%, 12/28/2048 (C)		249,434		239,442
Ford Credit Auto Lease Trust Series 2024-A, Class A4 5.050%, 06/15/2027		303,000		304,983
Ford Credit Auto Owner Trust
Series 2022-1, Class A 3.880%, 11/15/2034 (C)		1,005,000		1,002,961
Series 2022-D, Class A4 5.300%, 03/15/2028		299,000		302,248
Series 2024-D, Class A3 4.610%, 08/15/2029		300,000		303,509
Series 2025-1, Class A (4.860% to 2-15-30, then 9.710% thereafter) 4.860%, 08/15/2037 (C)		1,575,000		1,615,851
Series 2025-2, Class A (4.370% to 8-15-30, then 8.750% thereafter) 4.370%, 02/15/2038 (C)		1,029,000		1,034,854
Series 2025-B, Class A4 3.950%, 07/15/2031		918,000		917,057
Ford Credit Floorplan Master Owner Trust
Series 2024-3, Class A1 4.300%, 09/15/2029 (C)		1,688,000		1,695,526
Series 2025-1, Class A1 4.630%, 04/15/2030		1,276,000		1,293,993
GM Financial Automobile Leasing Trust Series 2023-3, Class A4 5.440%, 08/20/2027		264,000		264,805
GM Financial Revolving Receivables Trust
Series 2024-1, Class A 4.980%, 12/11/2036 (C)		212,000		217,555
Series 2024-2, Class A 4.520%, 03/11/2037 (C)		424,000		429,290
Series 2025-1, Class A 4.640%, 12/11/2037 (C)		2,216,000		2,255,193
GMF Floorplan Owner Revolving Trust
Series 2024-4A, Class A1 4.730%, 11/15/2029 (C)		1,016,000		1,030,309
Series 2025-2A, Class A 4.640%, 03/15/2030 (C)		1,367,000		1,384,534
Honda Auto Receivables Owner Trust Series 2025-3, Class A4 4.100%, 11/21/2031		712,000		714,347
Hyundai Auto Lease Securitization Trust Series 2025-B, Class A3 4.530%, 04/17/2028 (C)		1,021,000		1,030,063
Hyundai Auto Receivables Trust
Series 2022-A, Class A4 2.350%, 04/17/2028		265,385		264,341
Series 2023-A, Class A4 4.480%, 07/17/2028		599,000		601,082
Series 2023-B, Class A3 5.480%, 04/17/2028		231,347		233,053
Mercedes-Benz Auto Receivables Trust
Series 2022-1, Class A4 5.250%, 02/15/2029		693,000		701,491

 

41

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Mercedes-Benz Auto Receivables Trust (continued)
Series 2025-1, Class A3 4.780%, 12/17/2029	$	594,000	$	601,910
Navient Private Education Refi Loan Trust
Series 2018-DA, Class A2A 4.000%, 12/15/2059 (C)		236,415		234,830
Series 2019-CA, Class A2 3.130%, 02/15/2068 (C)		111,148		109,790
Series 2019-D, Class A2A 3.010%, 12/15/2059 (C)		598,835		582,754
Series 2019-FA, Class A2 2.600%, 08/15/2068 (C)		307,927		297,884
Series 2020-EA, Class A 1.690%, 05/15/2069 (C)		56,066		52,697
Series 2020-GA, Class A 1.170%, 09/16/2069 (C)		219,426		205,996
Series 2021-BA, Class A 0.940%, 07/15/2069 (C)		145,007		132,519
Series 2021-CA, Class A 1.060%, 10/15/2069 (C)		520,448		474,524
Series 2021-EA, Class A 0.970%, 12/16/2069 (C)		879,500		792,751
Series 2021-FA, Class A 1.110%, 02/18/2070 (C)		568,847		507,308
Series 2021-GA, Class A 1.580%, 04/15/2070 (C)		142,003		128,343
Series 2022-A, Class A 2.230%, 07/15/2070 (C)		1,430,051		1,305,370
Navient Student Loan Trust Series 2021-3A, Class A1A 1.770%, 08/25/2070 (C)		609,987		537,400
Nelnet Student Loan Trust
Series 2004-4, Class A5 (90 day Average SOFR + 0.422%) 4.762%, 01/25/2037 (A)		163,585		163,243
Series 2005-1, Class A5 (90 day Average SOFR + 0.372%) 4.712%, 10/25/2033 (A)		903,071		896,621
Series 2005-2, Class A5 (90 day Average SOFR + 0.362%) 4.739%, 03/23/2037 (A)		827,845		821,838
Series 2005-3, Class A5 (90 day Average SOFR + 0.382%) 4.759%, 12/24/2035 (A)		548,274		544,903
Nissan Auto Receivables Owner Trust Series 2022-B, Class A4 4.450%, 11/15/2029		415,000		417,096
PenFed Auto Receivables Owner Trust Series 2022-A, Class A4 4.180%, 12/15/2028 (C)		66,450		66,429
Santander Drive Auto Receivables Trust
Series 2024-3, Class A3 5.630%, 01/16/2029		541,847		544,609
Series 2025-2, Class A3 4.670%, 08/15/2029		661,000		666,203
Series 2025-3, Class A3 4.380%, 01/15/2030		799,000		803,807
SBNA Auto Lease Trust Series 2024-C, Class A4 4.420%, 03/20/2029 (C)		389,000		390,746
SBNA Auto Receivables Trust
Series 2024-A, Class A3 5.320%, 12/15/2028 (C)		257,784		258,836
Series 2024-A, Class A4 5.210%, 04/16/2029 (C)		175,000		176,728

Core Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
SFS Auto Receivables Securitization Trust
Series 2024-1A, Class A3 4.950%, 05/21/2029 (C)	$	813,678	$	819,067
Series 2024-1A, Class A4 4.940%, 01/21/2031 (C)		153,000		155,404
Series 2024-2A, Class A3 5.330%, 11/20/2029 (C)		570,000		576,720
Series 2025-2A, Class A4 4.580%, 05/20/2031 (C)		484,000		491,635
SMB Private Education Loan Trust Series 2021-A, Class APT1 1.070%, 01/15/2053 (C)		790,514		722,155
SoFi Professional Loan Program LLC Series 2021-B, Class AFX 1.140%, 02/15/2047 (C)		449,905		394,678
Synchrony Card Funding LLC Series 2025-A2, Class A 4.490%, 05/15/2031		823,000		832,864
Synchrony Card Issuance Trust Series 2025-A1, Class A 4.780%, 02/15/2031		891,000		906,557
T-Mobile US Trust
Series 2024-2A, Class A 4.250%, 05/21/2029 (C)		1,769,000		1,775,801
Series 2025-1A, Class A 4.740%, 11/20/2029 (C)		673,000		681,591
Series 2025-2A, Class A 4.340%, 04/22/2030 (C)		548,000		551,793
Toyota Auto Receivables Owner Trust
Series 2022-D, Class A4 5.430%, 04/17/2028		378,000		384,771
Series 2025-B, Class A3 4.340%, 11/15/2029		137,000		138,116
USB Auto Owner Trust
Series 2025-1A, Class A3 4.490%, 06/17/2030 (C)		590,000		595,854
Series 2025-1A, Class A4 4.620%, 12/16/2030 (C)		176,000		179,084
Verizon Master Trust
Series 2023-4, Class A1A 5.160%, 06/20/2029		1,984,000		1,999,091
Series 2024-7, Class A 4.350%, 08/20/2032 (C)		1,198,000		1,209,037
Series 2025-2, Class A 4.940%, 01/20/2033 (C)		1,557,000		1,602,296
Series 2025-3, Class A1A 4.510%, 03/20/2030		1,408,000		1,419,696
Series 2025-4, Class A 4.760%, 03/21/2033 (C)		988,000		1,012,823
Volkswagen Auto Lease Trust Series 2025-B, Class A3 4.010%, 01/22/2029		1,526,000		1,528,097
Volkswagen Auto Loan Enhanced Trust Series 2024-1, Class A3 4.630%, 07/20/2029		387,000		391,471
World Financial Network Credit Card Master Trust Series 2024-A, Class A 5.470%, 02/15/2031		202,000		206,390
World Omni Auto Receivables Trust Series 2025-C, Class A4 4.190%, 11/17/2031		438,000		440,515
TOTAL ASSET-BACKED SECURITIES (Cost $66,042,813)			$	66,048,522

 

42

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 3.2%
Short-term funds – 3.2%
John Hancock Collateral Trust, 4.0668% (F)(G)	168,685	$	1,687,423
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (F)	24,176,600		24,176,600
TOTAL SHORT-TERM INVESTMENTS (Cost $25,864,042)		$	25,864,023
Total Investments (Core Bond Trust) (Cost $809,754,064) – 101.1%		$	809,688,224
Other assets and liabilities, net – (1.1%)			(8,756,818)
TOTAL NET ASSETS – 100.0%		$	800,931,406

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
IBOR	Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
TBA	To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date.
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	Security purchased or sold on a when-issued or delayed-delivery basis.
(C)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $1,650,386.
(E)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(F)	The rate shown is the annualized seven-day yield as of 9-30-25.
(G)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Disciplined Value Emerging Markets Equity Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 92.9%
Brazil - 6.0%
Embraer SA	293,900	$	4,433,695
Hypera SA	64,000		273,328
Itau Unibanco Holding SA, ADR	201,207		1,476,859
Localiza Rent a Car SA	44,000		326,140
Rede D'Or Sao Luiz SA (A)	590,600		4,669,538
Sendas Distribuidora SA	323,600		578,221
Suzano SA	85,400		800,688
TIM SA	790,000		3,488,186
			16,046,655
Chile - 0.3%
Sociedad Quimica y Minera de Chile SA, ADR (B)(C)	18,573		798,268
China - 27.6%
AAC Technologies Holdings, Inc.	49,500		290,680
Alibaba Group Holding, Ltd.	47,500		1,062,295
BYD Company, Ltd., H Shares	17,000		240,290

Disciplined Value Emerging Markets Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Central China Management Company, Ltd. (B)(D)	113,732	$	661
China Dili Group (B)(D)	190,600		11,316
China Huiyuan Juice Group, Ltd. (B)(D)	212,500		0
China Jushi Company, Ltd., Class A	793,517		1,936,063
China Taifeng Beddings Holdings, Ltd. (B)(D)	204,000		0
China Zhongwang Holdings, Ltd. (B)(D)	196,800		0
Contemporary Amperex Technology Company, Ltd., Class A	73,360		4,160,497
CT Environmental Group, Ltd. (B)(D)	164,000		0
Goldwind Science & Technology Company, Ltd., H Shares	990,800		1,783,461
Hangzhou Chang Chuan Technology Company, Ltd., Class A	74,000		1,038,926
Hongda Xingye Company, Ltd., Class A (B)(D)	28,900		648
J&T Global Express, Ltd. (B)	802,400		1,006,928
Jason Furniture Hangzhou Company, Ltd., Class A	679,800		2,887,272
JD Logistics, Inc. (A)(B)	418,500		703,104
JD.com, Inc., Class A	14,800		259,303
Lenovo Group, Ltd.	652,000		966,126
Muyuan Foods Company, Ltd., Class A	967,489		7,214,173
Pharmaron Beijing Company, Ltd., H Shares (A)	696,000		2,542,976
Qinghai Salt Lake Industry Company, Ltd., Class A (B)	612,853		1,798,076
Quectel Wireless Solutions Company, Ltd., Class A	57,900		858,060
Qunxing Paper Holdings Company, Ltd. (B)(D)	634,371		0
Satellite Chemical Company, Ltd., Class A	277,300		756,194
Silergy Corp.	35,000		298,081
STO Express Company, Ltd., Class A	414,700		1,043,867
Sunwoda Electronic Company, Ltd., Class A	300,400		1,432,332
Tencent Holdings, Ltd.	203,900		17,374,238
Tencent Holdings, Ltd., ADR	33,970		2,892,546
Tenwow International Holdings, Ltd. (B)(D)	121,000		0
Tongcheng Travel Holdings, Ltd.	1,480,000		4,372,025
Tongwei Company, Ltd., Class A (B)	282,400		886,189
Wens Foodstuff Group Company, Ltd., Class A	349,011		913,983
WuXi AppTec Company, Ltd., Class A	267,500		4,235,004
WuXi AppTec Company, Ltd., H Shares (A)	607,200		9,290,242
Yifeng Pharmacy Chain Company, Ltd., Class A	143,594		497,937
Yunnan Baiyao Group Company, Ltd., Class A	67,880		541,901
Yunnan Yuntianhua Company, Ltd., Class A	133,300		502,555
Zhejiang Glass Company, Ltd., H Shares (B)(D)	162,000		0
Zhejiang Jingxin Pharmaceutical Company, Ltd., Class A	125,800		366,285
			74,164,234
Colombia - 0.7%
Grupo Cibest SA, ADR	35,626		1,850,414

 

43

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Disciplined Value Emerging Markets Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Greece - 0.6%
Hellenic Telecommunications Organization SA	60,915	$	1,153,571
OPAP SA	15,869		370,090
			1,523,661
Hong Kong - 5.5%
Anxin-China Holdings, Ltd. (B)(D)	1,648,000		0
Cathay Pacific Airways, Ltd.	180,000		242,113
CECEP COSTIN New Materials Group, Ltd. (B)(D)	348,000		0
China Fiber Optic Network System Group, Ltd. (B)(D)	150,800		0
China Lumena New Materials Corp. (B)(D)	50,900		0
China Resources Beer Holdings Company, Ltd.	688,500		2,422,407
Galaxy Entertainment Group, Ltd.	484,000		2,661,205
Geely Automobile Holdings, Ltd.	1,682,000		4,215,846
Hua Han Health Industry Holdings, Ltd. (B)(D)	880,000		0
Mingyuan Medicare Development Company, Ltd. (B)(D)	1,300,000		0
WH Group, Ltd. (A)	4,752,500		5,146,725
			14,688,296
India - 5.1%
Bajaj Auto, Ltd.	10,292		1,009,277
Bharti Airtel, Ltd.	111,460		2,363,095
Chambal Fertilisers & Chemicals, Ltd.	97,379		559,383
Chennai Super Kings Cricket, Ltd. (B)(D)	207,315		5,254
HDFC Bank, Ltd., ADR	147,736		5,046,662
Indus Towers, Ltd. (B)	126,069		488,826
Reliance Industries, Ltd.	124,048		1,905,353
Reliance Industries, Ltd., GDR (A)	8,777		536,136
Steel Authority of India, Ltd.	427,724		649,836
UPL, Ltd.	137,839		1,021,029
			13,584,851
Indonesia - 0.0%
Bakrie Telecom Tbk PT (B)(D)	17,557,300		0
Sri Rejeki Isman Tbk PT (B)(D)	1,260,900		0
Suryainti Permata Tbk PT (B)(D)	1,446,000		0
Truba Alam Manunggal Engineering PT (B)(D)	11,991,500		0
Waskita Karya Persero Tbk PT (B)(D)	596,656		4,339
			4,339
Ireland - 0.5%
PDD Holdings, Inc., ADR (B)	10,212		1,349,720
Israel - 0.1%
ICL Group, Ltd.	32,360		202,064
Japan - 0.2%
Suzuki Motor Corp.	45,600		663,885
Luxembourg - 4.0%
Millicom International Cellular SA	150,707		7,315,318
Zabka Group SA (B)	552,820		3,573,905
			10,889,223
Mexico - 8.0%
America Movil SAB de CV, ADR	196,809		4,132,989
America Movil SAB de CV, Series B	6,662,800		6,992,602
Cemex SAB de CV, ADR	55,026		494,684
Coca-Cola Femsa SAB de CV, ADR	8,340		693,054
Fibra Uno Administracion SA de CV	550,000		815,682

Disciplined Value Emerging Markets Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Genomma Lab Internacional SAB de CV, Class B	187,700	$	196,991
Grupo Comercial Chedraui SA de CV	81,400		646,986
Grupo Financiero Banorte SAB de CV, Series O	533,900		5,362,177
Grupo KUO SAB de CV, Series B	42,698		108,415
Kimberly-Clark de Mexico SAB de CV, Class A	695,000		1,463,358
Organizacion Soriana SAB de CV, Series B (B)	178,000		242,990
Prologis Property Mexico SA de CV	65,800		269,473
Vista Energy SAB de CV, ADR (B)	4,726		162,574
			21,581,975
Peru - 3.5%
Credicorp, Ltd.	35,345		9,411,667
Philippines - 0.0%
Philtown Properties, Inc. (B)(D)	3,844		0
Phoenix Petroleum Philippines, Inc. (B)(D)	22,200		1,272
PNB Holdings Corp. (B)(D)	10,246		56
			1,328
Portugal - 0.1%
Jeronimo Martins SGPS SA	15,765		383,803
Russia - 0.0%
Gazprom PJSC, ADR (B)(D)	196,506		0
LUKOIL PJSC, ADR (B)(D)	16,379		0
Rosneft Oil Company PJSC, GDR (London Stock Exchange) (B)(D)	1,686		0
RusHydro PJSC, ADR (B)(D)	52,278		0
VTB Bank PJSC, GDR (B)(D)	86,297		0
			0
Saudi Arabia - 0.6%
Al Rajhi Bank	31,642		904,176
Riyad Bank	61,457		445,613
SABIC Agri-Nutrients Company	6,580		209,275
			1,559,064
Singapore - 3.0%
DBS Group Holdings, Ltd.	193,800		7,685,677
Singapore Airlines, Ltd.	65,300		330,118
			8,015,795
South Africa - 1.2%
Absa Group, Ltd.	149,265		1,566,441
FirstRand, Ltd.	340,821		1,532,395
			3,098,836
South Korea - 10.1%
Coway Company, Ltd.	13,904		975,861
Dahaam E-Tec Company, Ltd. (B)(D)	2,630		65,420
Hana Financial Group, Inc.	30,586		1,901,682
Hyundai Mobis Company, Ltd.	14,343		3,051,543
Hyundai Rotem Company, Ltd.	3,483		544,465
Jeil Savings Bank (B)(D)	1,820		0
KB Financial Group, Inc., ADR	17,333		1,437,079
Korea Electric Power Corp.	58,282		1,503,720
Korean Air Lines Company, Ltd.	78,609		1,274,539
KT Corp.	14,894		536,824
KT Corp., ADR	34,144		665,808
Samsung Electro-Mechanics Company, Ltd.	14,553		2,009,103
Samsung Electronics Company, Ltd.	185,426		11,116,345
Samsung Electronics Company, Ltd., GDR (A)	654		981,936

 

44

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Disciplined Value Emerging Markets Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Samsung Fire & Marine Insurance Company, Ltd.	3,061	$	985,279
			27,049,604
Taiwan - 9.4%
Eva Airways Corp.	181,000		227,006
Formosa Plastics Corp.	1,025,000		1,299,367
Globalwafers Company, Ltd.	129,000		1,986,058
Nan Ya Plastics Corp.	846,000		1,098,217
Nanya Technology Corp. (B)	331,000		798,027
Prodisc Technology, Inc. (B)(D)	762,000		0
Taiwan Kolin Company, Ltd. (B)(D)	327,000		0
Taiwan Semiconductor Manufacturing Company, Ltd.	350,000		15,203,235
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	13,226		3,693,890
Tripod Technology Corp.	78,000		771,970
Wintek Corp. (B)(D)	543,000		0
WT Microelectronics Company, Ltd.	66,000		305,432
			25,383,202
Thailand - 1.2%
Cal-Comp Electronics Thailand PCL	145,292		24,749
Com7 PCL, NVDR	1,482,800		1,179,881
CP ALL PCL, NVDR	519,600		757,344
Indorama Ventures PCL, NVDR	1,947,100		1,348,275
Polyplex Thailand PCL	14,000		4,713
Star Petroleum Refining PCL	100,000		14,758
			3,329,720
Turkey - 0.0%
Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (B)(D)	54,846		0
Uzel Makina Sanayii AS (B)(D)	22,930		0
			0
United Arab Emirates - 1.9%
Abu Dhabi Commercial Bank PJSC	162,142		644,323
Abu Dhabi Islamic Bank PJSC	595,776		3,536,666
Emaar Properties PJSC	274,594		976,253
			5,157,242
United Kingdom - 2.8%
AngloGold Ashanti PLC	30,288		2,130,155
AngloGold Ashanti PLC (Johannesburg Stock Exchange)	40,430		2,822,982
Hikma Pharmaceuticals PLC	10,014		229,881
Pepco Group NV	324,353		2,316,228
			7,499,246
United States - 0.5%
Monolithic Power Systems, Inc.	1,222		1,125,022

Disciplined Value Emerging Markets Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
The Mosaic Company	8,814	$	305,670
			1,430,692
TOTAL COMMON STOCKS (Cost $212,152,017)		$	249,667,784
PREFERRED SECURITIES - 3.9%
Brazil - 1.4%
Banco Bradesco SA	481,700		1,601,066
Itau Unibanco Holding SA	302,300		2,219,148
			3,820,214
Colombia - 0.2%
Grupo Cibest SA	35,604		463,706
Philippines - 0.0%
Cebu Air, Inc., 6.000%	4,989		3,063
South Korea - 2.3%
Samsung Electronics Company, Ltd.	128,319		6,090,149
TOTAL PREFERRED SECURITIES (Cost $8,305,766)		$	10,377,132
SHORT-TERM INVESTMENTS - 2.5%
Short-term funds - 2.5%
Fidelity Government Portfolio, Institutional Class, 4.0743% (E)	6,248,741		6,248,741
John Hancock Collateral Trust, 4.0668% (E)(F)	57,255		572,749
TOTAL SHORT-TERM INVESTMENTS (Cost $6,821,487)		$	6,821,490
Total Investments (Disciplined Value Emerging Markets Equity Trust) (Cost $227,279,270) - 99.3%		$	266,866,406
Other assets and liabilities, net - 0.7%			1,798,613
TOTAL NET ASSETS - 100.0%		$	268,665,019

Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(B)	Non-income producing security.
(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $561,340.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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

SWAPS

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
Receive	Jeronimo Martins SGPS SA	EUR ESTR Compounded OIS + 0.35%	At Maturity	EUR	209,186	Dec 2027	HSBC	—	$(12,059)	$(12,059)
								—	$(12,059)	$(12,059)

45

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Disciplined Value Emerging Markets Equity Trust (continued)

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

Derivatives Currency Abbreviations
EUR	Euro

Derivatives Abbreviations
ESTR	Euro Short-Term Rate
HSBC	HSBC Bank PLC
OIS	Overnight Index Swap
OTC	Over-the-counter

Disciplined Value International Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.4%
Australia - 1.8%
Rio Tinto, Ltd.	71,762	$	5,788,536
Austria - 0.5%
ANDRITZ AG	23,791		1,678,524
Bermuda - 3.2%
Everest Group, Ltd.	12,512		4,382,078
Hiscox, Ltd.	315,627		5,825,778
			10,207,856
Brazil - 0.8%
Itau Unibanco Holding SA, ADR	337,423		2,476,685
Canada - 5.1%
Allied Gold Corp. (A)	112,695		1,969,349
Cenovus Energy, Inc.	127,748		2,169,063
Hammond Power Solutions, Inc. (B)	9,207		816,768
Kinross Gold Corp.	30,827		765,082
Nutrien, Ltd.	92,352		5,423,532
Teck Resources, Ltd., Class B	117,676		5,162,118
			16,305,912
China - 2.9%
Alibaba Group Holding, Ltd.	338,000		7,559,066
Tongcheng Travel Holdings, Ltd.	553,200		1,634,192
			9,193,258
Denmark - 3.2%
Danske Bank A/S	163,744		6,994,253
Novo Nordisk A/S, Class B	61,472		3,422,861
			10,417,114
Finland - 0.9%
Nordea Bank ABP (Nasdaq Stockholm Exchange)	183,130		3,010,718
France - 9.3%
Bureau Veritas SA	146,034		4,580,418
Capgemini SE	29,374		4,285,014
Eurazeo SE	24,579		1,625,139
Ipsen SA	13,204		1,772,988
Pernod Ricard SA	18,939		1,864,561
Rexel SA	92,165		3,034,376
Sanofi SA	40,449		3,830,285
SPIE SA	54,458		2,944,094
Vallourec SACA	305,098		5,823,641
			29,760,516
Germany - 1.4%
Infineon Technologies AG	36,509		1,432,257
Siemens AG	11,662		3,148,491
			4,580,748
Hong Kong - 2.3%
CK Hutchison Holdings, Ltd.	313,000		2,056,404
Prudential PLC	391,078		5,474,980
			7,531,384

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India - 1.3%
HDFC Bank, Ltd., ADR	119,218	$	4,072,487
Ireland - 0.7%
AIB Group PLC	257,660		2,349,025
Italy - 3.3%
Enel SpA	608,403		5,765,569
Saipem SpA	1,627,658		4,711,853
			10,477,422
Japan - 16.2%
Asahi Group Holdings, Ltd.	168,900		2,024,930
Fuji Electric Company, Ltd.	79,500		5,329,181
Hirose Electric Company, Ltd.	15,700		1,953,045
Hitachi, Ltd.	122,200		3,237,453
IHI Corp.	77,700		1,447,106
Japan Post Insurance Company, Ltd.	20,700		586,659
Kyocera Corp.	259,900		3,491,416
Mitsubishi Chemical Group Corp. (B)	422,700		2,428,051
Mitsubishi Electric Corp.	178,600		4,587,114
Resona Holdings, Inc.	275,400		2,808,336
Sony Group Corp.	159,300		4,579,350
Sugi Holdings Company, Ltd.	107,300		2,587,407
Sumitomo Mitsui Financial Group, Inc.	229,000		6,442,424
Suzuken Company, Ltd.	64,100		2,519,266
Suzuki Motor Corp.	275,900		4,016,795
THK Company, Ltd.	43,800		1,209,126
Toyo Suisan Kaisha, Ltd.	38,100		2,721,849
Toyo Tire Corp.	9,100		241,601
			52,211,109
Luxembourg - 0.6%
Millicom International Cellular SA	37,108		1,801,222
Mexico - 2.0%
America Movil SAB de CV, ADR	122,181		2,565,801
Coca-Cola Femsa SAB de CV, ADR	46,896		3,897,058
			6,462,859
Netherlands - 5.4%
Euronext NV (C)	25,840		3,868,555
Heineken NV	98,667		7,726,538
IMCD NV	14,546		1,507,660
Prosus NV (A)	58,206		4,116,049
			17,218,802
Norway - 0.8%
Norsk Hydro ASA	389,076		2,645,374
South Korea - 9.6%
HD Korea Shipbuilding & Offshore Engineering Company, Ltd.	9,286		2,720,978
KB Financial Group, Inc.	30,078		2,482,513
KT Corp.	82,551		2,975,384
KT Corp., ADR	101,165		1,972,718
NAVER Corp.	35,550		6,821,570

 

46

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Disciplined Value International Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Samsung Electronics Company, Ltd.	150,020	$	8,993,745
Samsung Fire & Marine Insurance Company, Ltd.	9,247		2,976,437
SK, Inc.	11,662		1,746,518
			30,689,863
Spain - 2.6%
Banco Bilbao Vizcaya Argentaria SA	279,417		5,384,279
Banco Santander SA	293,670		3,081,874
			8,466,153
Switzerland - 2.8%
Novartis AG	35,554		4,571,474
Sandoz Group AG	76,239		4,547,097
			9,118,571
United Kingdom - 19.7%
AstraZeneca PLC	39,882		6,109,962
Babcock International Group PLC	385,352		6,932,667
BAE Systems PLC	346,774		9,652,945
Beazley PLC	319,108		3,902,680
Diageo PLC	173,577		4,153,292
Endeavour Mining PLC	83,362		3,501,719
Hikma Pharmaceuticals PLC	230,701		5,295,974
IMI PLC	41,070		1,268,520
Informa PLC	212,535		2,632,519
NatWest Group PLC	606,405		4,283,251
Nomad Foods, Ltd. (B)	234,817		3,087,844
Shell PLC	87,061		3,102,940
The Weir Group PLC	252,049		9,297,409
			63,221,722
TOTAL COMMON STOCKS (Cost $259,995,458)		$	309,685,860
SHORT-TERM INVESTMENTS - 3.0%
Short-term funds - 3.0%
Fidelity Government Portfolio, Institutional Class, 4.0740% (D)	7,816,285		7,816,285
John Hancock Collateral Trust, 4.0668% (D)(E)	199,892		1,999,599
TOTAL SHORT-TERM INVESTMENTS (Cost $9,815,968)		$	9,815,884
Total Investments (Disciplined Value International Trust) (Cost $269,811,426) - 99.4%		$	319,501,744
Other assets and liabilities, net - 0.6%			1,892,948
TOTAL NET ASSETS - 100.0%		$	321,394,692

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $3,136,294. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $1,263,489 in the form of U.S. Treasuries was pledged to the fund.
(C)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

Equity Income Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.9%
Communication services – 6.2%
Diversified telecommunication services – 0.1%
Verizon Communications, Inc.	27,136	$	1,192,627
Entertainment – 1.0%
The Walt Disney Company	73,087		8,368,462
Interactive media and services – 3.5%
Alphabet, Inc., Class A	56,338		13,695,768
Alphabet, Inc., Class C	43,718		10,647,519
Meta Platforms, Inc., Class A	7,226		5,306,630
			29,649,917
Media – 1.5%
Comcast Corp., Class A	132,191		4,153,441
News Corp., Class A	263,617		8,095,678
			12,249,119
Wireless telecommunication services – 0.1%
T-Mobile US, Inc.	4,580		1,096,360
			52,556,485
Consumer discretionary – 4.1%
Broadline retail – 1.5%
Amazon.com, Inc. (A)	59,184		12,995,031
Hotels, restaurants and leisure – 1.3%
Las Vegas Sands Corp.	198,847		10,695,980
Leisure products – 0.3%
Mattel, Inc. (A)	170,673		2,872,427
Specialty retail – 1.0%
The Home Depot, Inc.	19,824		8,032,487
			34,595,925
Consumer staples – 7.9%
Beverages – 0.1%
Keurig Dr. Pepper, Inc.	21,009		535,940
Consumer staples distribution and retail – 0.8%
Dollar General Corp.	20,134		2,080,849
Walmart, Inc.	44,032		4,537,938
			6,618,787
Food products – 1.0%
Conagra Brands, Inc.	108,534		1,987,258
Tyson Foods, Inc., Class A	113,649		6,171,141
			8,158,399
Household products – 3.8%
Colgate-Palmolive Company	118,577		9,479,045
Kimberly-Clark Corp.	108,498		13,490,641
The Procter & Gamble Company	60,371		9,276,004
			32,245,690
Personal care products – 1.0%
Kenvue, Inc.	530,852		8,615,728
Tobacco – 1.2%
Philip Morris International, Inc.	65,645		10,647,619
			66,822,163
Energy – 8.8%
Energy equipment and services – 0.6%
Schlumberger, Ltd.	148,602		5,107,451
Oil, gas and consumable fuels – 8.2%
Chevron Corp.	41,346		6,420,620
ConocoPhillips	120,842		11,430,445
EOG Resources, Inc.	26,004		2,915,568
EQT Corp.	64,203		3,494,569
Expand Energy Corp.	49,094		5,215,747
Exxon Mobil Corp.	91,950		10,367,363
Phillips 66	29,589		4,024,696
South Bow Corp. (B)	115,012		3,254,417

 

47

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
TC Energy Corp.	74,487	$	4,052,838
The Williams Companies, Inc.	73,657		4,666,171
TotalEnergies SE	183,089		11,151,697
TotalEnergies SE, ADR (B)	29,915		1,785,626
			68,779,757
			73,887,208
Financials – 22.6%
Banks – 10.1%
Bank of America Corp.	245,727		12,677,056
Citigroup, Inc.	162,563		16,500,145
Fifth Third Bancorp	189,333		8,434,785
Huntington Bancshares, Inc.	517,264		8,933,149
JPMorgan Chase & Co.	51,470		16,235,182
U.S. Bancorp	200,478		9,689,102
Wells Fargo & Company	156,878		13,149,514
			85,618,933
Capital markets – 2.6%
Morgan Stanley	9,273		1,474,036
State Street Corp.	38,771		4,497,824
The Charles Schwab Corp.	169,980		16,227,991
			22,199,851
Financial services – 2.6%
Apollo Global Management, Inc.	15,201		2,025,837
Corebridge Financial, Inc.	100,035		3,206,122
Equitable Holdings, Inc.	211,669		10,748,552
Fiserv, Inc. (A)	37,404		4,822,498
Global Payments, Inc.	12,794		1,062,926
			21,865,935
Insurance – 7.3%
American International Group, Inc.	127,434		10,008,666
Chubb, Ltd.	37,061		10,460,467
Loews Corp.	91,701		9,205,863
MetLife, Inc.	224,167		18,464,631
The Allstate Corp.	26,154		5,613,956
The Hartford Insurance Group, Inc.	57,079		7,613,768
			61,367,351
			191,052,070
Health care – 12.9%
Biotechnology – 0.3%
Biogen, Inc. (A)	16,193		2,268,315
Health care equipment and supplies – 3.7%
Becton, Dickinson and Company	63,982		11,975,511
Medtronic PLC	79,857		7,605,581
Zimmer Biomet Holdings, Inc.	122,740		12,089,890
			31,670,982
Health care providers and services – 4.8%
Cardinal Health, Inc.	3,709		582,165
CVS Health Corp.	155,330		11,710,329
Elevance Health, Inc.	36,202		11,697,590
Humana, Inc.	4,766		1,239,970
The Cigna Group	27,398		7,897,474
UnitedHealth Group, Inc.	22,007		7,599,017
			40,726,545
Life sciences tools and services – 0.5%
Thermo Fisher Scientific, Inc.	8,710		4,224,524
Pharmaceuticals – 3.6%
AstraZeneca PLC, ADR	70,523		5,410,525
Bristol-Myers Squibb Company	75,849		3,420,790
Johnson & Johnson	19,565		3,627,742
Merck & Company, Inc.	74,915		6,287,616
Sanofi SA	35,705		3,381,048

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Sanofi SA, ADR	39,223	$	1,851,326
Viatris, Inc.	631,711		6,253,939
			30,232,986
			109,123,352
Industrials – 13.2%
Aerospace and defense – 4.4%
General Electric Company	34,838		10,479,967
L3Harris Technologies, Inc.	50,849		15,529,793
The Boeing Company (A)	53,608		11,570,215
			37,579,975
Air freight and logistics – 0.7%
United Parcel Service, Inc., Class B	66,205		5,530,104
Electrical equipment – 0.7%
Rockwell Automation, Inc.	16,942		5,921,737
Ground transportation – 1.9%
CSX Corp.	237,916		8,448,397
Norfolk Southern Corp.	5,769		1,733,065
Union Pacific Corp.	24,112		5,699,353
			15,880,815
Industrial conglomerates – 1.5%
3M Company	11,526		1,788,605
Siemens AG	40,663		10,978,115
			12,766,720
Machinery – 3.0%
AGCO Corp.	34,312		3,673,786
Cummins, Inc.	10,699		4,518,937
Dover Corp.	10,366		1,729,360
Fortive Corp.	112,978		5,534,792
Stanley Black & Decker, Inc.	138,854		10,321,018
			25,777,893
Passenger airlines – 1.0%
Southwest Airlines Company	264,003		8,424,336
			111,881,580
Information technology – 9.2%
Electronic equipment, instruments and components – 0.5%
Ralliant Corp.	62,132		2,717,032
TE Connectivity PLC	6,437		1,413,115
			4,130,147
IT services – 0.6%
Accenture PLC, Class A	21,374		5,270,828
Semiconductors and semiconductor equipment – 4.8%
Advanced Micro Devices, Inc. (A)	27,274		4,412,660
Applied Materials, Inc.	31,250		6,398,125
Intel Corp. (A)	135,931		4,560,485
Qualcomm, Inc.	104,838		17,440,850
Texas Instruments, Inc.	42,010		7,718,497
			40,530,617
Software – 2.2%
Adobe, Inc. (A)	2,041		719,963
Microsoft Corp.	17,086		8,849,694
Salesforce, Inc.	38,337		9,085,869
			18,655,526
Technology hardware, storage and peripherals – 1.1%
Samsung Electronics Company, Ltd.	158,218		9,485,217
			78,072,335

 

48

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Equity Income Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Materials – 3.1%
Chemicals – 1.2%
CF Industries Holdings, Inc.	113,689	$	10,197,903
Containers and packaging – 1.5%
Avery Dennison Corp.	8,651		1,402,933
International Paper Company	235,421		10,923,534
			12,326,467
Paper and forest products – 0.4%
West Fraser Timber Company, Ltd. (B)	46,056		3,130,887
			25,655,257
Real estate – 3.7%
Industrial REITs – 0.6%
Rexford Industrial Realty, Inc.	129,550		5,325,801
Residential REITs – 1.5%
Equity Residential	178,448		11,550,939
Sun Communities, Inc.	11,505		1,484,145
			13,035,084
Specialized REITs – 1.6%
CubeSmart	5,343		217,246
Rayonier, Inc.	189,331		5,024,845
Weyerhaeuser Company	321,556		7,971,373
			13,213,464
			31,574,349
Utilities – 6.2%
Electric utilities – 3.5%
Alliant Energy Corp.	3,307		222,925
NextEra Energy, Inc.	91,674		6,920,470
PG&E Corp.	31,380		473,210
The Southern Company	191,149		18,115,191
Xcel Energy, Inc.	47,487		3,829,827
			29,561,623
Multi-utilities – 2.7%
Ameren Corp.	97,716		10,199,596
Dominion Energy, Inc.	74,174		4,537,224
Sempra	91,274		8,212,835
			22,949,655
			52,511,278
TOTAL COMMON STOCKS (Cost $675,265,532)		$	827,732,002
PREFERRED SECURITIES – 0.9%
Consumer discretionary – 0.4%
Automobiles – 0.4%
Volkswagen AG	33,466		3,627,369
Industrials – 0.5%
Aerospace and defense – 0.5%
The Boeing Company, 6.000%	59,174		4,116,735
TOTAL PREFERRED SECURITIES (Cost $7,241,965)		$	7,744,104
SHORT-TERM INVESTMENTS – 1.9%
Short-term funds – 1.9%
John Hancock Collateral Trust, 4.0668% (C)(D)	650,733		6,509,544

Equity Income 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, 4.0784% (C)	3,010,206	$	3,010,206
T. Rowe Price Government Reserve Fund, 4.1621% (C)	6,486,010		6,486,010
TOTAL SHORT-TERM INVESTMENTS (Cost $16,005,631)		$	16,005,760
Total Investments (Equity Income Trust) (Cost $698,513,128) – 100.7%		$	851,481,866
Other assets and liabilities, net – (0.7%)			(5,643,287)
TOTAL NET ASSETS – 100.0%		$	845,838,579

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 9-30-25. The value of securities on loan amounted to $6,289,717.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

Financial Industries Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.4%
Financials – 99.4%
Banks – 47.6%
American Business Bank	29,712	$	1,626,138
Bank of America Corp.	118,626		6,119,915
Bank of Ireland Group PLC	133,960		2,218,019
CaixaBank SA	202,556		2,139,379
Citigroup, Inc.	57,769		5,863,554
Citizens Financial Group, Inc.	82,266		4,373,261
Coastal Financial Corp. (A)	10,387		1,123,562
Columbia Banking System, Inc.	131,341		3,380,717
Dime Community Bancshares, Inc.	36,359		1,084,589
JPMorgan Chase & Co.	20,051		6,324,686
M&T Bank Corp.	21,040		4,157,925
Old National Bancorp	127,873		2,806,812
Pinnacle Financial Partners, Inc.	21,994		2,062,817
Popular, Inc.	21,891		2,780,376
Regions Financial Corp.	189,252		4,990,575
Renasant Corp.	23,297		859,426
Sumitomo Mitsui Trust Group, Inc.	95,300		2,765,988
Synovus Financial Corp.	62,030		3,044,432
Wells Fargo & Company	59,976		5,027,188
Zions Bancorp NA	48,094		2,721,159
			65,470,518
Capital markets – 22.7%
Ameriprise Financial, Inc.	3,928		1,929,630
Ares Management Corp., Class A	16,512		2,640,104
Intercontinental Exchange, Inc.	8,275		1,394,172
KKR & Company, Inc.	18,829		2,446,829
Marex Group PLC	51,455		1,729,917
Miami International Holdings, Inc. (A)(B)	12,982		522,655
Morgan Stanley	29,716		4,723,655
Nasdaq, Inc.	49,873		4,411,267
Partners Group Holding AG	1,608		2,103,924
The Carlyle Group, Inc.	66,775		4,186,793

 

49

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Financial Industries Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
The Goldman Sachs Group, Inc.	6,354	$	5,060,008
			31,148,954
Consumer finance – 4.8%
American Express Company	6,161		2,046,438
Capital One Financial Corp.	21,648		4,601,932
			6,648,370
Financial services – 5.8%
Equitable Holdings, Inc.	26,180		1,329,420
Mastercard, Inc., Class A	5,725		3,256,437
Visa, Inc., Class A	10,025		3,422,335
			8,008,192
Insurance – 18.5%
American Integrity Insurance Group, Inc. (A)	64,530		1,439,664
American International Group, Inc.	26,829		2,107,150
Aon PLC, Class A	11,082		3,951,620
Arthur J. Gallagher & Company	7,239		2,242,208
Bowhead Specialty Holdings, Inc. (A)	21,591		583,821
Chubb, Ltd.	8,697		2,454,728
Neptune Insurance Holdings Inc., Class A (A)	3,749		74,980
NN Group NV	43,266		3,051,012
Palomar Holdings, Inc. (A)	19,286		2,251,641
The Hartford Insurance Group, Inc.	28,543		3,807,351
Unum Group	44,814		3,485,633
			25,449,808
			136,725,842
TOTAL COMMON STOCKS (Cost $111,592,809)		$	136,725,842
SHORT-TERM INVESTMENTS – 0.7%
Short-term funds – 0.7%
John Hancock Collateral Trust, 4.0668% (C)(D)	96,215		962,473
TOTAL SHORT-TERM INVESTMENTS (Cost $962,465)		$	962,473
Total Investments (Financial Industries Trust) (Cost $112,555,274) – 100.1%		$	137,688,315
Other assets and liabilities, net – (0.1%)			(175,253)
TOTAL NET ASSETS – 100.0%		$	137,513,062

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $293,544.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 $300,603.

Fundamental All Cap Core Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 100.0%
Communication services – 11.4%
Entertainment – 2.0%
Liberty Media Corp.-Liberty Formula One, Series C (A)	506,534	$	52,907,476
Interactive media and services – 9.4%
Alphabet, Inc., Class A	723,167		175,801,898
CarGurus, Inc. (A)	664,169		24,727,012

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Meta Platforms, Inc., Class A	60,312	$	44,291,927
			244,820,837
			297,728,313
Consumer discretionary – 20.0%
Automobile components – 1.5%
Fox Factory Holding Corp. (A)	400,058		9,717,409
Mobileye Global, Inc., Class A (A)	2,076,454		29,319,530
			39,036,939
Broadline retail – 8.0%
Amazon.com, Inc. (A)	949,720		208,530,022
Hotels, restaurants and leisure – 2.2%
Las Vegas Sands Corp.	479,544		25,794,672
Vail Resorts, Inc.	213,743		31,969,541
			57,764,213
Household durables – 3.7%
Lennar Corp., Class A	771,131		97,193,351
Specialty retail – 3.9%
Avolta AG (A)	235,976		12,885,158
CarMax, Inc. (A)	701,251		31,465,132
Group 1 Automotive, Inc.	133,514		58,413,710
			102,764,000
Textiles, apparel and luxury goods – 0.7%
Canada Goose Holdings, Inc. (A)	1,356,760		18,709,720
			523,998,245
Consumer staples – 3.1%
Beverages – 1.6%
Anheuser-Busch InBev SA/NV, ADR	438,522		26,140,296
Diageo PLC, ADR	158,878		15,161,728
			41,302,024
Food products – 1.5%
Post Holdings, Inc. (A)	374,200		40,219,016
			81,521,040
Energy – 4.8%
Oil, gas and consumable fuels – 4.8%
Cheniere Energy, Inc.	415,808		97,706,564
Suncor Energy, Inc.	634,260		26,518,411
			124,224,975
Financials – 9.4%
Banks – 2.5%
First Hawaiian, Inc.	2,680,929		66,567,467
Capital markets – 6.9%
KKR & Company, Inc.	671,492		87,260,385
Morgan Stanley	169,197		26,895,555
S&P Global, Inc.	80,072		38,971,843
The Goldman Sachs Group, Inc.	33,747		26,874,423
			180,002,206
			246,569,673
Health care – 17.0%
Health care equipment and supplies – 6.4%
Becton, Dickinson and Company	137,104		25,661,756
GE HealthCare Technologies, Inc.	346,849		26,048,360
Hologic, Inc. (A)	1,288,981		86,993,328
Zimmer Biomet Holdings, Inc.	277,252		27,309,322
			166,012,766
Health care providers and services – 6.0%
Elevance Health, Inc.	204,774		66,166,575
McKesson Corp.	57,930		44,753,242

 

50

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
UnitedHealth Group, Inc.	130,767	$	45,153,845
			156,073,662
Life sciences tools and services – 3.5%
Avantor, Inc. (A)	2,819,027		35,181,457
Thermo Fisher Scientific, Inc.	118,790		57,615,526
			92,796,983
Pharmaceuticals – 1.1%
Elanco Animal Health, Inc. (A)	1,423,529		28,669,874
			443,553,285
Industrials – 4.6%
Electrical equipment – 1.4%
Regal Rexnord Corp.	254,925		36,566,442
Machinery – 1.0%
Fortive Corp.	504,046		24,693,214
Trading companies and distributors – 2.2%
United Rentals, Inc.	60,779		58,023,280
			119,282,936
Information technology – 25.9%
Semiconductors and semiconductor equipment – 8.4%
Analog Devices, Inc.	126,410		31,058,937
NVIDIA Corp.	551,637		102,924,431
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	192,510		53,766,118
Texas Instruments, Inc.	168,547		30,967,140
			218,716,626
Software – 14.1%
Adobe, Inc. (A)	121,403		42,824,908
Microsoft Corp.	257,022		133,124,545
Oracle Corp.	119,071		33,487,528
Roper Technologies, Inc.	52,134		25,998,704
Salesforce, Inc.	260,987		61,853,919
Workday, Inc., Class A (A)	301,037		72,468,637
			369,758,241
Technology hardware, storage and peripherals – 3.4%
Apple, Inc.	197,687		50,337,041
Samsung Electronics Company, Ltd.	651,380		39,050,429
			89,387,470
			677,862,337
Real estate – 3.8%
Real estate management and development – 0.4%
Five Point Holdings LLC, Class A (A)	1,762,744		10,805,621
Specialized REITs – 3.4%
American Tower Corp.	136,904		26,329,377
Crown Castle, Inc.	321,641		31,035,140
Millrose Properties, Inc., Class A	929,752		31,248,965
			88,613,482
			99,419,103
TOTAL COMMON STOCKS (Cost $1,862,405,507)		$	2,614,159,907
SHORT-TERM INVESTMENTS – 0.0%
Short-term funds – 0.0%
John Hancock Collateral Trust, 4.0668% (B)(C)	12,109		121,126
TOTAL SHORT-TERM INVESTMENTS (Cost $121,133)		$	121,126
Total Investments (Fundamental All Cap Core Trust) (Cost $1,862,526,640) – 100.0%		$	2,614,281,033
Other assets and liabilities, net – (0.0%)			(1,117,673)
TOTAL NET ASSETS – 100.0%		$	2,613,163,360

Fundamental All Cap Core Trust (continued)

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 – 98.9%
Communication services – 7.3%
Interactive media and services – 4.1%
Alphabet, Inc., Class A	101,876	$	24,766,056
Meta Platforms, Inc., Class A	12,813		9,409,611
			34,175,667
Media – 3.2%
Charter Communications, Inc., Class A (A)	17,813		4,900,445
Comcast Corp., Class A	696,066		21,870,394
			26,770,839
			60,946,506
Consumer discretionary – 7.1%
Automobile components – 0.8%
Mobileye Global, Inc., Class A (A)	476,255		6,724,721
Broadline retail – 0.7%
eBay, Inc.	66,718		6,068,002
Hotels, restaurants and leisure – 1.4%
Vail Resorts, Inc.	81,663		12,214,335
Household durables – 2.7%
Lennar Corp., Class A	177,739		22,402,224
Specialty retail – 0.4%
CarMax, Inc. (A)	67,916		3,047,391
Textiles, apparel and luxury goods – 1.1%
LVMH Moet Hennessy Louis Vuitton SE, ADR	75,005		9,173,862
			59,630,535
Consumer staples – 8.5%
Beverages – 2.7%
Anheuser-Busch InBev SA/NV, ADR	172,338		10,273,068
Heineken Holding NV	106,929		7,342,081
PepsiCo, Inc.	38,326		5,382,503
			22,997,652
Consumer staples distribution and retail – 3.4%
Walmart, Inc.	272,310		28,064,269
Food products – 2.4%
Danone SA	99,956		8,709,491
Post Holdings, Inc. (A)	105,112		11,297,438
			20,006,929
			71,068,850
Energy – 7.2%
Oil, gas and consumable fuels – 7.2%
Cheniere Energy, Inc.	157,154		36,928,043
Chevron Corp.	63,950		9,930,796
Suncor Energy, Inc.	325,395		13,604,765
			60,463,604
Financials – 17.0%
Banks – 6.1%
Bank of America Corp.	353,286		18,226,025
Citigroup, Inc.	123,607		12,546,111
JPMorgan Chase & Co.	33,964		10,713,265

 

51

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Wells Fargo & Company	118,128	$	9,901,489
			51,386,890
Capital markets – 10.3%
KKR & Company, Inc.	169,416		22,015,609
Morgan Stanley	60,685		9,646,488
Nasdaq, Inc.	371,626		32,870,320
State Street Corp.	105,206		12,204,948
The Goldman Sachs Group, Inc.	11,366		9,051,314
			85,788,679
Consumer finance – 0.6%
American Express Company	16,060		5,334,490
			142,510,059
Health care – 18.9%
Biotechnology – 1.9%
Gilead Sciences, Inc.	106,409		11,811,399
Moderna, Inc. (A)	142,763		3,687,568
			15,498,967
Health care equipment and supplies – 3.1%
Hologic, Inc. (A)	382,975		25,846,983
Health care providers and services – 3.3%
Elevance Health, Inc.	85,652		27,675,874
Life sciences tools and services – 2.2%
Avantor, Inc. (A)	834,850		10,418,928
Danaher Corp.	39,126		7,757,121
			18,176,049
Pharmaceuticals – 8.4%
Elanco Animal Health, Inc. (A)	1,251,429		25,203,780
GSK PLC, ADR	485,927		20,972,609
Haleon PLC, ADR	800,500		7,180,485
Merck & Company, Inc.	69,129		5,801,997
Novartis AG, ADR	88,727		11,378,350
			70,537,221
			157,735,094
Industrials – 13.0%
Aerospace and defense – 4.4%
Airbus SE	46,957		10,965,676
L3Harris Technologies, Inc.	55,663		17,000,037
RTX Corp.	53,935		9,024,944
			36,990,657
Air freight and logistics – 0.9%
FedEx Corp.	31,304		7,381,796
Electrical equipment – 0.6%
Sensata Technologies Holding PLC	160,388		4,899,853
Machinery – 4.0%
Fortive Corp.	330,364		16,184,532
Parker-Hannifin Corp.	22,658		17,178,163
			33,362,695
Trading companies and distributors – 3.1%
United Rentals, Inc.	27,024		25,798,732
			108,433,733
Information technology – 15.8%
Electronic equipment, instruments and components – 1.7%
Ralliant Corp.	82,725		3,617,564

Fundamental Large Cap Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Vontier Corp.		264,131	$	11,085,578
				14,703,142
IT services – 0.7%
Cognizant Technology Solutions Corp., Class A		86,733		5,817,182
Semiconductors and semiconductor equipment – 1.4%
Analog Devices, Inc.		19,091		4,690,659
Taiwan Semiconductor Manufacturing Company, Ltd., ADR		24,216		6,763,287
				11,453,946
Software – 9.4%
Adobe, Inc. (A)		30,608		10,796,972
Microsoft Corp.		54,055		27,997,787
Oracle Corp.		111,333		31,311,293
Salesforce, Inc.		34,616		8,203,992
				78,310,044
Technology hardware, storage and peripherals – 2.6%
Samsung Electronics Company, Ltd.		362,218		21,715,079
				131,999,393
Materials – 0.9%
Chemicals – 0.9%
LyondellBasell Industries NV, Class A		155,492		7,625,328
Real estate – 3.2%
Specialized REITs – 3.2%
Crown Castle, Inc.		274,387		26,475,602
TOTAL COMMON STOCKS (Cost $588,671,678)			$	826,888,704
ESCROW CERTIFICATES - 0.0%
Sino-Forest Corp. (A)(B)	$	3,244,100		0
TOTAL ESCROW CERTIFICATES (Cost $3)			$	0
SHORT-TERM INVESTMENTS – 1.1%
Short-term funds – 1.1%
John Hancock Collateral Trust, 4.0668% (C)(D)		929,238		9,295,541
TOTAL SHORT-TERM INVESTMENTS (Cost $9,296,051)			$	9,295,541
Total Investments (Fundamental Large Cap Value Trust) (Cost $597,967,732) – 100.0%			$	836,184,245
Other assets and liabilities, net – 0.0%				275,996
TOTAL NET ASSETS – 100.0%			$	836,460,241

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 9-30-25.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Global Equity Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 96.5%
Belgium - 1.8%
Anheuser-Busch InBev SA/NV	89,476	$	5,348,591
Denmark - 0.8%
DSV A/S	12,847		2,566,452

 

52

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Global Equity Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France - 7.0%
Air Liquide SA	14,803	$	3,084,311
LVMH Moet Hennessy Louis Vuitton SE	6,385		3,929,220
Publicis Groupe SA	30,403		2,925,789
Sanofi SA	47,694		4,516,344
Schneider Electric SE	13,746		3,869,127
TotalEnergies SE	48,547		2,956,937
			21,281,728
Germany - 5.0%
Deutsche Bank AG	180,502		6,392,634
Deutsche Telekom AG	122,516		4,174,064
Heidelberg Materials AG	20,366		4,603,659
			15,170,357
Hong Kong - 1.5%
Prudential PLC	329,952		4,619,230
Ireland - 5.5%
Accenture PLC, Class A	10,709		2,640,839
Medtronic PLC	64,695		6,161,552
Ryanair Holdings PLC, ADR	85,709		5,161,396
Smurfit WestRock PLC	64,185		2,732,355
			16,696,142
Japan - 8.4%
Asahi Group Holdings, Ltd.	442,000		5,299,105
Seven & i Holdings Company, Ltd.	196,100		2,631,351
Sony Financial Group, Inc. (A)	252,800		280,348
Sony Group Corp.	252,800		7,267,166
Sumitomo Mitsui Financial Group, Inc.	126,300		3,553,180
Sumitomo Mitsui Trust Group, Inc.	218,400		6,338,844
			25,369,994
Netherlands - 4.9%
Euronext NV (B)	17,145		2,566,810
ING Groep NV	316,825		8,305,828
Koninklijke Ahold Delhaize NV	99,616		4,030,920
			14,903,558
Switzerland - 3.3%
Chubb, Ltd.	20,176		5,694,676
SGS SA	41,916		4,355,903
			10,050,579
Taiwan - 2.0%
Taiwan Semiconductor Manufacturing Company, Ltd.	137,000		5,950,981
United Kingdom - 3.8%
Haleon PLC	1,191,238		5,360,784
National Grid PLC	428,443		6,156,152
			11,516,936
United States - 52.5%
Alphabet, Inc., Class A	18,255		4,437,791
Analog Devices, Inc.	18,279		4,491,150
Apple, Inc.	13,876		3,533,246
Arthur J. Gallagher & Company	12,749		3,948,875
AutoZone, Inc. (A)	1,438		6,169,365
Bank of America Corp.	134,188		6,922,759
Carrier Global Corp.	44,580		2,661,426
Cheniere Energy, Inc.	18,484		4,343,370
Citigroup, Inc.	63,550		6,450,325
Comcast Corp., Class A	87,118		2,737,248
ConocoPhillips	40,881		3,866,934
CRH PLC	59,571		7,142,563
CSX Corp.	186,117		6,609,015
Darden Restaurants, Inc.	14,202		2,703,493
DuPont de Nemours, Inc.	52,442		4,085,232
Emerson Electric Company	40,468		5,308,592
EQT Corp.	57,520		3,130,814

Global Equity Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
GE HealthCare Technologies, Inc.		55,364	$	4,157,836
Intercontinental Exchange, Inc.		32,153		5,417,137
L3Harris Technologies, Inc.		24,679		7,537,213
Lennar Corp., Class A		24,498		3,087,728
Lowe's Companies, Inc.		25,244		6,344,070
McKesson Corp.		10,226		7,899,994
Microsoft Corp.		17,874		9,257,839
Oracle Corp.		13,685		3,848,769
Philip Morris International, Inc.		27,131		4,400,648
Starbucks Corp.		33,438		2,828,855
The Walt Disney Company		38,582		4,417,639
TransUnion		54,603		4,574,639
U.S. Foods Holding Corp. (A)		54,048		4,141,158
United Rentals, Inc.		4,648		4,437,260
Wells Fargo & Company		95,803		8,030,207
				158,923,190
TOTAL COMMON STOCKS (Cost $241,696,021)			$	292,397,738
PREFERRED SECURITIES - 1.9%
South Korea - 1.9%
Samsung Electronics Company, Ltd.		118,042		5,602,393
TOTAL PREFERRED SECURITIES (Cost $4,701,867)			$	5,602,393
ESCROW CERTIFICATES - 0.0%
Texas Competitive Electric Holdings Company LLC (A)(C)	$	7,466,240		0
TOTAL ESCROW CERTIFICATES (Cost $0)			$	0
SHORT-TERM INVESTMENTS - 0.9%
Short-term funds - 0.9%
Federated Government Obligations Fund, Institutional Class, 4.0114% (D)		2,847,245		2,847,245
TOTAL SHORT-TERM INVESTMENTS (Cost $2,847,245)			$	2,847,245
Total Investments (Global Equity Trust) (Cost $249,245,133) - 99.3%			$	300,847,376
Other assets and liabilities, net - 0.7%				2,117,216
TOTAL NET ASSETS - 100.0%			$	302,964,592

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D)	The rate shown is the annualized seven-day yield as of 9-30-25.

Health Sciences Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 99.7%
Health care – 99.7%
Biotechnology – 46.7%
AbbVie, Inc.	32,882	$	7,613,498
Abivax SA, ADR (A)	6,687		567,726
ACADIA Pharmaceuticals, Inc. (A)	7,600		162,184
Agios Pharmaceuticals, Inc. (A)	17,752		712,565
Akero Therapeutics, Inc. (A)	24,412		1,159,082
Alector, Inc. (A)	43,704		129,364
Alkermes PLC (A)	18,181		545,430

 

53

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Allogene Therapeutics, Inc. (A)	81,376	$	100,906
Alnylam Pharmaceuticals, Inc. (A)	15,831		7,218,936
Annexon, Inc. (A)	22,109		67,432
Apogee Therapeutics, Inc. (A)	13,010		516,887
Arcellx, Inc. (A)	8,646		709,837
Argenx SE, ADR (A)	13,651		10,068,432
Ascendis Pharma A/S, ADR (A)	16,889		3,357,702
Aura Biosciences, Inc. (A)	10,426		64,433
Avidity Biosciences, Inc. (A)	52,894		2,304,592
Beam Therapeutics, Inc. (A)	24,779		601,386
BeOne Medicines, Ltd., ADR (A)	3,404		1,159,743
BeOne Medicines, Ltd., H Shares (A)	157,998		4,215,890
Bicara Therapeutics, Inc. (A)	29,778		470,195
Bicycle Therapeutics PLC, ADR (A)	25,602		198,159
Biogen, Inc. (A)	3,352		469,548
Biohaven, Ltd. (A)	22,946		344,419
Bridgebio Oncology Therapeutics, Inc. (A)	14,485		167,736
Bridgebio Pharma, Inc. (A)	7,500		389,550
Cabaletta Bio, Inc. (A)	2,887		6,756
Caris Life Sciences, Inc. (A)	24,932		754,193
Celcuity, Inc. (A)	10,839		535,447
Celldex Therapeutics, Inc. (A)	15,561		402,563
Centessa Pharmaceuticals PLC, ADR (A)	61,450		1,490,163
CG Oncology, Inc. (A)	19,744		795,288
Climb Bio, Inc. (A)	9,200		18,492
Crescent Biopharma, Inc. (A)	5,959		70,853
Cytokinetics, Inc. (A)	18,234		1,002,141
Denali Therapeutics, Inc. (A)	36,384		528,296
Dianthus Therapeutics, Inc. (A)	3,302		129,934
Disc Medicine, Inc. (A)	8,893		587,649
Entrada Therapeutics, Inc. (A)	11,625		67,425
Exact Sciences Corp. (A)	16,021		876,509
Generation Bio Company (A)	3,769		23,066
Gilead Sciences, Inc.	53,127		5,897,097
Ideaya Biosciences, Inc. (A)	6,339		172,484
Immatics NV (A)	11,800		100,536
Immuneering Corp., Class A (A)	17,357		121,499
Immunocore Holdings PLC, ADR (A)	19,369		703,676
Immunome, Inc. (A)	65,604		768,223
Incyte Corp. (A)	9,477		803,744
Insmed, Inc. (A)	46,572		6,706,834
Ionis Pharmaceuticals, Inc. (A)	19,250		1,259,335
Iovance Biotherapeutics, Inc. (A)	31,687		68,761
Janux Therapeutics, Inc. (A)	10,117		247,259
Kodiak Sciences, Inc. (A)	7,500		122,775
Krystal Biotech, Inc. (A)	6,206		1,095,545
Kymera Therapeutics, Inc. (A)	24,802		1,403,793
Kyverna Therapeutics, Inc. (A)	24,113		144,678
Madrigal Pharmaceuticals, Inc. (A)	1,706		782,474
Merus NV (A)	9,185		864,768
Mirum Pharmaceuticals, Inc. (A)	1,900		139,289
Monte Rosa Therapeutics, Inc. (A)	29,932		221,796
MoonLake Immunotherapeutics (A)	13,971		100,172
Natera, Inc. (A)	13,025		2,096,634
Neurocrine Biosciences, Inc. (A)	9,683		1,359,300
Newamsterdam Pharma Company NV (A)	2,900		82,476
Nuvalent, Inc., Class A (A)	10,180		880,366
ORIC Pharmaceuticals, Inc. (A)	25,630		307,560
Oruka Therapeutics, Inc. (A)	9,891		190,204
Praxis Precision Medicines, Inc. (A)	6,057		321,021
Prelude Therapeutics, Inc. (A)	17,428		25,096
Protagonist Therapeutics, Inc. (A)	20,042		1,331,390
Regeneron Pharmaceuticals, Inc.	6,059		3,406,794

Health Sciences Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Relay Therapeutics, Inc. (A)	32,881	$	171,639
Replimune Group, Inc. (A)	40,761		170,789
REVOLUTION Medicines, Inc. (A)	32,896		1,536,243
Rhythm Pharmaceuticals, Inc. (A)	7,878		795,599
Rocket Pharmaceuticals, Inc. (A)	23,535		76,724
Roivant Sciences, Ltd. (A)	44,415		671,999
Scholar Rock Holding Corp. (A)	41,151		1,532,463
Sensorion SA (A)	182,870		73,644
Sionna Therapeutics, Inc. (A)	4,726		138,992
Soleno Therapeutics, Inc. (A)	14,675		992,030
Spyre Therapeutics, Inc. (A)	14,141		237,003
Summit Therapeutics, Inc. (A)	68,527		1,415,768
Ultragenyx Pharmaceutical, Inc. (A)	15,246		458,600
uniQure NV (A)	12,327		719,527
United Therapeutics Corp. (A)	4,407		1,847,458
UroGen Pharma, Ltd. (A)	5,400		107,730
Vaxcyte, Inc. (A)	19,884		716,222
Vera Therapeutics, Inc. (A)	30,014		872,207
Verastem, Inc. (A)	9,100		80,353
Vertex Pharmaceuticals, Inc. (A)	13,377		5,238,968
Viridian Therapeutics, Inc. (A)	11,500		248,170
Voyager Therapeutics, Inc. (A)	15,964		74,552
Xencor, Inc. (A)	13,179		154,590
Zai Lab, Ltd., ADR (A)	17,391		589,381
			101,250,637
Health care equipment and supplies – 14.9%
Beta Bionics, Inc. (A)	7,125		141,574
Boston Scientific Corp. (A)	53,962		5,268,310
DexCom, Inc. (A)	7,526		506,425
IDEXX Laboratories, Inc. (A)	2,228		1,423,447
Intuitive Surgical, Inc. (A)	23,215		10,382,444
Kestra Medical Technologies, Ltd. (A)	11,456		272,195
Orchestra BioMed Holdings, Inc. (A)	13,354		33,118
Penumbra, Inc. (A)	11,805		2,990,443
PROCEPT BioRobotics Corp. (A)	11,288		402,869
Sonova Holding AG	3,406		934,287
Stryker Corp.	27,071		10,007,337
			32,362,449
Health care providers and services – 14.9%
Alignment Healthcare, Inc. (A)	34,030		593,824
BrightSpring Health Services, Inc. (A)	49,634		1,467,181
Cardinal Health, Inc.	8,584		1,347,345
Cencora, Inc.	5,251		1,641,095
Centene Corp. (A)	6,400		228,352
CVS Health Corp.	29,671		2,236,897
Elevance Health, Inc.	6,740		2,177,829
Encompass Health Corp.	6,760		858,655
GeneDx Holdings Corp. (A)	2,730		294,130
Guardant Health, Inc. (A)	23,937		1,495,584
HCA Healthcare, Inc.	4,690		1,998,878
Hims & Hers Health, Inc. (A)	2,600		147,472
McKesson Corp.	660		509,876
Molina Healthcare, Inc. (A)	2,754		527,005
Quest Diagnostics, Inc.	8,512		1,622,217
RadNet, Inc. (A)	3,000		228,630
Tenet Healthcare Corp. (A)	12,106		2,458,002
The Cigna Group	12,512		3,606,584
UnitedHealth Group, Inc.	25,907		8,945,687
			32,385,243
Health care technology – 0.8%
Heartflow, Inc. (A)	9,606		323,338

 

54

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Veeva Systems, Inc., Class A (A)		4,343	$	1,293,823
				1,617,161
Life sciences tools and services – 7.8%
Bio-Rad Laboratories, Inc., Class A (A)		1,234		346,001
Bio-Techne Corp.		5,800		322,654
Danaher Corp.		27,272		5,406,947
Ginkgo Bioworks Holdings, Inc. (A)		1,971		28,737
ICON PLC (A)		2,228		389,900
IQVIA Holdings, Inc. (A)		3,659		694,990
Repligen Corp. (A)		2,400		320,808
Revvity, Inc.		8,058		706,284
Tempus AI, Inc. (A)		4,477		361,339
Thermo Fisher Scientific, Inc.		17,086		8,287,052
Waters Corp. (A)		400		119,924
				16,984,636
Pharmaceuticals – 14.6%
AstraZeneca PLC, ADR		66,786		5,123,822
Axsome Therapeutics, Inc. (A)		5,249		637,491
Chugai Pharmaceutical Company, Ltd.		14,800		656,150
Crinetics Pharmaceuticals, Inc. (A)		26,745		1,113,929
Eisai Company, Ltd.		6,400		216,210
Eli Lilly & Company		24,753		18,886,536
Enliven Therapeutics, Inc. (A)		7,160		146,565
LB Pharmaceuticals, Inc. (A)		4,390		69,318
LENZ Therapeutics, Inc. (A)		3,800		177,004
MBX Biosciences, Inc. (A)		21,168		370,440
MediWound, Ltd. (A)		6,487		116,896
Merck & Company, Inc.		6,700		562,331
Pharvaris NV (A)		14,975		373,626
Rapport Therapeutics, Inc. (A)		19,989		593,673
Royalty Pharma PLC, Class A		14,388		507,609
Sanofi SA, ADR		25,926		1,223,707
Structure Therapeutics, Inc., ADR (A)		6,977		195,356
Tarsus Pharmaceuticals, Inc. (A)		7,834		465,575
WaVe Life Sciences, Ltd. (A)		24,968		182,766
				31,619,004
				216,219,130
TOTAL COMMON STOCKS (Cost $185,684,452)			$	216,219,130
PREFERRED SECURITIES – 0.3%
Health care – 0.3%
Life sciences tools and services – 0.3%
Sartorius AG		2,085		487,424
TOTAL PREFERRED SECURITIES (Cost $509,599)			$	487,424
CONVERTIBLE BONDS - 0.1%
Health care - 0.1%
Immunocore Holdings PLC 2.500%, 02/01/2030	$	277,000		249,660
TOTAL CONVERTIBLE BONDS (Cost $277,000)			$	249,660
WARRANTS – 0.0%
GeneDx Holdings Corp. (Expiration Date: 7-22-26; Strike Price: $379.50) (A)		4,862		533
Revolution Medicines, Inc. (Expiration Date: 12-17-26; Strike Price: $11.50) (A)		4,502		1,351
SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (A)		2,050		80
TOTAL WARRANTS (Cost $29,139)			$	1,964

Health Sciences 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, 4.0784% (B)	660,003	$	660,003
T. Rowe Price Government Reserve Fund, 4.1621% (B)	221,754		221,754
TOTAL SHORT-TERM INVESTMENTS (Cost $881,757)		$	881,757
Total Investments (Health Sciences Trust) (Cost $187,381,947) – 100.5%		$	217,839,935
Other assets and liabilities, net – (0.5%)			(1,019,960)
TOTAL NET ASSETS – 100.0%		$	216,819,975

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-25.

High Yield Trust

		Shares or Principal Amount	Value
CORPORATE BONDS – 93.6%
Communication services – 16.3%
Altice Financing SA
5.750%, 08/15/2029 (A)	$	468,000	$	352,170
9.625%, 07/15/2027 (A)(B)		607,000		546,300
Altice France Holding SA 10.500%, 05/15/2027 (A)(C)		598,000		212,396
Altice France SA
5.500%, 10/15/2029 (A)		572,000		494,744
8.125%, 02/01/2027 (A)(B)(C)		542,000		515,830
AMC Entertainment Holdings, Inc. 7.500%, 02/15/2029 (A)		209,000		180,756
ANGI Group LLC 3.875%, 08/15/2028 (A)		366,000		343,985
Arches Buyer, Inc. 6.125%, 12/01/2028 (A)(B)		301,000		295,066
Cars.com, Inc. 6.375%, 11/01/2028 (A)		395,000		393,398
CCO Holdings LLC
4.250%, 02/01/2031 (A)		476,000		438,506
4.500%, 08/15/2030 (A)		991,000		935,915
5.125%, 05/01/2027 (A)		348,000		345,663
5.375%, 06/01/2029 (A)		1,212,000		1,203,918
6.375%, 09/01/2029 (A)		634,000		642,709
7.375%, 03/01/2031 (A)(B)		854,000		881,144
Cinemark USA, Inc. 7.000%, 08/01/2032 (A)		125,000		129,919
Clear Channel Outdoor Holdings, Inc. 7.125%, 02/15/2031 (A)		173,000		178,822
Connect Finco SARL 9.000%, 09/15/2029 (A)		199,000		209,230
CSC Holdings LLC 6.500%, 02/01/2029 (A)		633,000		467,835
CSC Holdings LLC 11.750%, 01/31/2029 (A)		560,000		470,929
Directv Financing LLC 10.000%, 02/15/2031 (A)		782,000		780,852
DISH DBS Corp.
5.125%, 06/01/2029		227,000		194,124
5.250%, 12/01/2026 (A)(B)		263,000		258,422
5.750%, 12/01/2028 (A)		228,000		218,570
DISH Network Corp. 11.750%, 11/15/2027 (A)		771,000		815,916

 

55

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
GCI LLC 4.750%, 10/15/2028 (A)	$	963,000	$	935,844
Gray Media, Inc.
4.750%, 10/15/2030 (A)(B)		153,000		117,236
7.250%, 08/15/2033 (A)		174,000		172,426
10.500%, 07/15/2029 (A)		209,000		225,981
iHeartCommunications, Inc. 10.875%, 05/01/2030 (A)		773,000		525,258
Level 3 Financing, Inc.
6.875%, 06/30/2033 (A)		1,039,000		1,058,928
7.000%, 03/31/2034 (A)		682,000		693,805
Light & Wonder International, Inc. 6.250%, 10/01/2033 (A)		558,000		558,949
Live Nation Entertainment, Inc. 4.750%, 10/15/2027 (A)		890,000		884,111
Match Group Holdings II LLC
5.625%, 02/15/2029 (A)		738,000		735,948
6.125%, 09/15/2033 (A)		508,000		512,463
Maya SAS 7.000%, 04/15/2032 (A)		338,000		344,694
McClatchy Media Company LLC 11.000%, (11.000% Cash or 12.500% PIK), 12/01/2031 (A)		1,670,917		1,867,250
Playtika Holding Corp. 4.250%, 03/15/2029 (A)		879,000		806,984
ROBLOX Corp. 3.875%, 05/01/2030 (A)		598,000		570,405
Scripps Escrow II, Inc. 5.375%, 01/15/2031 (A)(B)		327,000		228,804
Sirius XM Radio LLC
4.000%, 07/15/2028 (A)		772,000		745,964
5.500%, 07/01/2029 (A)		646,000		646,149
Snap, Inc. 6.875%, 03/01/2033 (A)		498,000		509,005
SoftBank Group Corp. 6.875%, (6.875% to 7-19-27, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 4.854% to 7-19-42, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 5.604%), 07/19/2027 (D)		728,000		733,460
Stagwell Global LLC 5.625%, 08/15/2029 (A)		645,000		626,565
The EW Scripps Company 9.875%, 08/15/2030 (A)		68,000		63,827
Univision Communications, Inc.
8.500%, 07/31/2031 (A)		662,000		683,609
9.375%, 08/01/2032 (A)		185,000		197,148
Virgin Media Finance PLC 5.000%, 07/15/2030 (A)		430,000		399,387
Virgin Media Secured Finance PLC 5.500%, 05/15/2029 (A)		652,000		644,629
WarnerMedia Holdings, Inc. 4.279%, 03/15/2032 (B)		1,572,000		1,440,345
Windstream Services LLC
7.500%, 10/15/2033 (A)		280,000		279,924
8.250%, 10/01/2031 (A)		438,000		453,714
ZipRecruiter, Inc. 5.000%, 01/15/2030 (A)		697,000		561,029
				29,730,960
Consumer discretionary – 16.2%
Affinity Interactive 6.875%, 12/15/2027 (A)		669,000		381,330
Amer Sports Company 6.750%, 02/16/2031 (A)		417,000		433,358

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
American Axle & Manufacturing, Inc.
6.375%, 10/15/2032 (A)	$	69,000	$	68,884
7.750%, 10/15/2033 (A)		278,000		280,167
Asbury Automotive Group, Inc. 5.000%, 02/15/2032 (A)		684,000		656,799
Beach Acquisition Bidco LLC 10.000%, (10.000% Cash or 10.750% PIK), 07/15/2033 (A)		284,000		306,340
Boyd Gaming Corp. 4.750%, 06/15/2031 (A)(B)		510,000		491,643
Brightstar Lottery PLC 6.250%, 01/15/2027 (A)		550,000		555,172
Caesars Entertainment, Inc.
6.500%, 02/15/2032 (A)		1,631,000		1,663,600
7.000%, 02/15/2030 (A)		983,000		1,011,121
Carnival Corp.
5.125%, 05/01/2029 (A)		520,000		520,000
5.875%, 06/15/2031 (A)		546,000		559,510
Choice Hotels International, Inc. 5.850%, 08/01/2034		725,000		741,487
Clarios Global LP
6.750%, 05/15/2028 (A)		445,000		454,829
6.750%, 09/15/2032 (A)		137,000		140,036
Fontainebleau Las Vegas Holdings LLC 11.000%, 06/15/2015 (A)(C)		3,600,425		360
Full House Resorts, Inc. 8.250%, 02/15/2028 (A)(B)		543,000		503,933
Group 1 Automotive, Inc.
4.000%, 08/15/2028 (A)		470,000		456,751
6.375%, 01/15/2030 (A)		269,000		275,196
Hilton Grand Vacations Borrower LLC
4.875%, 07/01/2031 (A)(B)		600,000		559,945
6.625%, 01/15/2032 (A)		655,000		665,253
Jacobs Entertainment, Inc. 6.750%, 02/15/2029 (A)		462,000		451,009
KB Home
4.000%, 06/15/2031		603,000		566,291
7.250%, 07/15/2030		286,000		294,921
Kohl's Corp.
5.125%, 05/01/2031		324,000		255,782
10.000%, 06/01/2030 (A)		476,000		517,572
Liberty Interactive LLC 8.250%, 02/01/2030		1,088,000		146,880
Lindblad Expeditions LLC 7.000%, 09/15/2030 (A)		186,000		189,588
Lithia Motors, Inc.
3.875%, 06/01/2029 (A)		735,000		702,024
4.375%, 01/15/2031 (A)		396,000		376,048
Macy's Retail Holdings LLC
5.875%, 03/15/2030 (A)(B)		183,000		182,825
7.375%, 08/01/2033 (A)(B)		373,000		388,936
Marriott Ownership Resorts, Inc. 4.500%, 06/15/2029 (A)(B)		775,000		747,837
Midwest Gaming Borrower LLC 4.875%, 05/01/2029 (A)		657,000		638,670
New Red Finance, Inc. 3.875%, 01/15/2028 (A)		560,000		546,587
Newell Brands, Inc.
6.375%, 09/15/2027		709,000		718,668
8.500%, 06/01/2028 (A)		917,000		969,944
Nissan Motor Acceptance Company LLC
5.625%, 09/29/2028 (A)		351,000		351,226
7.050%, 09/15/2028 (A)		445,000		463,329
Nissan Motor Company, Ltd.
7.500%, 07/17/2030 (A)		431,000		452,333

 

56

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Nissan Motor Company, Ltd. (continued)
7.750%, 07/17/2032 (A)	$	205,000	$	216,944
Nordstrom, Inc. 4.250%, 08/01/2031		621,000		564,078
PetSmart LLC
7.500%, 09/15/2032 (A)		433,000		433,644
10.000%, 09/15/2033 (A)		273,000		275,500
QVC, Inc. 6.875%, 04/15/2029 (A)		534,000		288,617
Rakuten Group, Inc.
6.250%, (6.250% to 4-22-31, then 5 Year CMT + 4.956% to 4-22-51, then 5 Year CMT + 5.706%), 04/22/2031 (A)(D)		244,000		235,013
8.125%, (8.125% to 12-15-29, then 5 Year CMT + 4.250%), 12/15/2029 (A)(D)		220,000		228,689
11.250%, 02/15/2027 (A)		380,000		411,861
Resorts World Las Vegas LLC 8.450%, 07/27/2030 (A)		600,000		609,561
Sabre GLBL, Inc.
8.625%, 06/01/2027 (A)(B)		205,000		207,936
10.750%, 11/15/2029 (A)		470,000		454,207
11.125%, 07/15/2030 (A)		452,000		437,739
Saks Global Enterprises LLC
11.000%, 12/15/2029 (A)		118,000		41,890
11.000%, 12/15/2029 (A)		236,000		120,360
SGUS LLC 11.000%, 12/15/2029 (A)		152,327		143,595
Sotheby's 7.375%, 10/15/2027 (A)		633,000		631,216
The Goodyear Tire & Rubber Company
5.000%, 07/15/2029 (B)		236,000		227,899
5.250%, 07/15/2031		151,000		141,843
The Michaels Companies, Inc. 7.875%, 05/01/2029 (A)		484,000		404,140
Valvoline, Inc. 3.625%, 06/15/2031 (A)		314,000		287,909
Wand NewCo 3, Inc. 7.625%, 01/30/2032 (A)		297,000		312,925
Wayfair LLC
7.250%, 10/31/2029 (A)		116,000		119,601
7.750%, 09/15/2030 (A)		641,000		672,246
Whirlpool Corp. 6.125%, 06/15/2030		537,000		541,206
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028 (A)		565,000		551,548
ZF North America Capital, Inc.
6.750%, 04/23/2030 (A)		555,000		541,613
6.875%, 04/14/2028 (A)		550,000		557,609
7.500%, 03/24/2031 (A)		357,000		354,569
				29,700,142
Consumer staples – 3.9%
Albertsons Companies, Inc. 6.500%, 02/15/2028 (A)		535,000		543,431
Edgewell Personal Care Company
4.125%, 04/01/2029 (A)		486,000		462,260
5.500%, 06/01/2028 (A)		552,000		550,819
Froneri Lux FinCo SARL 6.000%, 08/01/2032 (A)		1,745,000		1,747,093
HLF Financing Sarl LLC 12.250%, 04/15/2029 (A)		177,000		192,009
Lamb Weston Holdings, Inc. 4.125%, 01/31/2030 (A)		588,000		564,611

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Opal Bidco SAS 6.500%, 03/31/2032 (A)	$	613,000	$	628,169
Performance Food Group, Inc. 4.250%, 08/01/2029 (A)		578,000		561,461
Post Holdings, Inc.
5.500%, 12/15/2029 (A)		285,000		283,862
6.375%, 03/01/2033 (A)		462,000		466,301
Simmons Foods, Inc. 4.625%, 03/01/2029 (A)		379,000		363,335
US Foods, Inc.
4.750%, 02/15/2029 (A)		470,000		462,972
5.750%, 04/15/2033 (A)		372,000		373,948
				7,200,271
Energy – 10.9%
Antero Midstream Partners LP
5.375%, 06/15/2029 (A)		647,000		644,629
5.750%, 10/15/2033 (A)		173,000		172,233
Archrock Partners LP
6.250%, 04/01/2028 (A)		176,000		176,243
6.625%, 09/01/2032 (A)		627,000		643,165
Ascent Resources Utica Holdings LLC 5.875%, 06/30/2029 (A)(B)		586,000		584,794
Blue Racer Midstream LLC 7.000%, 07/15/2029 (A)		200,000		207,386
Buckeye Partners LP
6.750%, 02/01/2030 (A)		179,000		185,918
6.875%, 07/01/2029 (A)		382,000		395,894
Civitas Resources, Inc.
8.750%, 07/01/2031 (A)		570,000		583,971
9.625%, 06/15/2033 (A)		347,000		366,504
CNX Resources Corp. 6.000%, 01/15/2029 (A)		457,000		457,187
Crescent Energy Finance LLC 8.375%, 01/15/2034 (A)		878,000		889,587
Delek Logistics Partners LP 7.125%, 06/01/2028 (A)		363,000		364,175
Excelerate Energy LP 8.000%, 05/15/2030 (A)		470,000		500,300
Genesis Energy LP
8.000%, 05/15/2033		453,000		473,815
8.250%, 01/15/2029		495,000		516,243
Global Partners LP 7.125%, 07/01/2033 (A)		186,000		190,647
Hilcorp Energy I LP
5.750%, 02/01/2029 (A)		383,000		377,293
6.000%, 04/15/2030 (A)		358,000		351,824
Howard Midstream Energy Partners LLC
6.625%, 01/15/2034 (A)		154,000		157,015
7.375%, 07/15/2032 (A)		199,000		206,567
Kinetik Holdings LP 6.625%, 12/15/2028 (A)		178,000		182,703
Kodiak Gas Services LLC 6.500%, 10/01/2033 (A)		242,000		246,399
Long Ridge Energy LLC 8.750%, 02/15/2032 (A)		423,000		434,805
Northern Oil & Gas, Inc. 7.875%, 10/15/2033 (A)		104,000		103,589
Parkland Corp.
4.625%, 05/01/2030 (A)		185,000		179,869
5.875%, 07/15/2027 (A)		635,000		634,465
Permian Resources Operating LLC 7.000%, 01/15/2032 (A)		485,000		503,012
Rockies Express Pipeline LLC 6.750%, 03/15/2033 (A)		535,000		558,441

 

57

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
SESI LLC 7.875%, 09/30/2030 (A)	$	173,000	$	173,000
SM Energy Company 7.000%, 08/01/2032 (A)		539,000		539,416
South Bow Canadian Infrastructure Holdings, Ltd. 7.500%, (7.500% to 3-1-35, then 5 Year CMT + 3.667%), 03/01/2055		352,000		373,776
Sunoco LP
4.500%, 04/30/2030		384,000		369,733
5.625%, 03/15/2031 (A)		229,000		227,311
5.875%, 03/15/2034 (A)		400,000		396,537
6.000%, 04/15/2027		452,000		451,830
Transocean International, Ltd. 7.875%, 10/15/2032 (A)		69,000		69,000
USA Compression Partners LP
6.250%, 10/01/2033 (A)		262,000		263,002
6.875%, 09/01/2027		350,000		349,921
7.125%, 03/15/2029 (A)		184,000		189,764
Valaris, Ltd. 8.375%, 04/30/2030 (A)		180,000		186,812
Venture Global Calcasieu Pass LLC 6.250%, 01/15/2030 (A)		445,000		463,935
Venture Global LNG, Inc.
7.000%, 01/15/2030 (A)(B)		531,000		549,460
9.000%, (9.000% to 9-30-29, then 5 Year CMT + 5.440%), 09/30/2029 (A)(D)		1,954,000		1,936,566
9.500%, 02/01/2029 (A)		812,000		894,844
Venture Global Plaquemines LNG LLC
6.500%, 01/15/2034 (A)		213,000		224,216
7.500%, 05/01/2033 (A)		866,000		956,939
				19,904,735
Financials – 10.5%
Acrisure LLC
7.500%, 11/06/2030 (A)		590,000		614,633
8.500%, 06/15/2029 (A)		346,000		363,249
Alliant Holdings Intermediate LLC
6.750%, 04/15/2028 (A)		400,000		407,090
7.000%, 01/15/2031 (A)		536,000		553,810
7.375%, 10/01/2032 (A)		446,000		459,573
Amynta Agency Borrower, Inc. 7.500%, 07/15/2033 (A)		62,000		63,466
Baldwin Insurance Group Holdings LLC 7.125%, 05/15/2031 (A)		242,000		251,208
Blackstone Mortgage Trust, Inc. 7.750%, 12/01/2029 (A)		614,000		647,815
Block, Inc.
3.500%, 06/01/2031		814,000		757,527
5.625%, 08/15/2030 (A)		397,000		402,232
6.000%, 08/15/2033 (A)		317,000		324,621
Boost Newco Borrower LLC 7.500%, 01/15/2031 (A)		378,000		401,018
Brookfield Finance, Inc. 6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055 (B)		380,000		376,758
Credit Acceptance Corp. 6.625%, 03/15/2030 (A)		299,000		299,496
CrossCountry Intermediate HoldCo LLC 6.500%, 10/01/2030 (A)		176,000		176,648
Focus Financial Partners LLC 6.750%, 09/15/2031 (A)		826,000		845,921
Freedom Mortgage Corp. 12.250%, 10/01/2030 (A)		768,000		856,736

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Freedom Mortgage Holdings LLC 7.875%, 04/01/2033 (A)	$	182,000	$	187,492
Global Atlantic Financial Company 7.950%, (7.950% to 10-15-29, then 5 Year CMT + 3.608%), 10/15/2054 (A)		522,000		552,322
goeasy, Ltd. 7.375%, 10/01/2030 (A)		607,000		610,044
Howden UK Refinance PLC 7.250%, 02/15/2031 (A)		390,000		401,533
HUB International, Ltd.
7.250%, 06/15/2030 (A)		678,000		707,090
7.375%, 01/31/2032 (A)		441,000		459,231
Nationstar Mortgage Holdings, Inc. 6.500%, 08/01/2029 (A)		540,000		553,980
OneMain Finance Corp.
6.125%, 05/15/2030		737,000		746,349
6.500%, 03/15/2033		599,000		599,946
6.750%, 03/15/2032		179,000		182,315
7.875%, 03/15/2030		1,105,000		1,169,261
Osaic Holdings, Inc.
6.750%, 08/01/2032 (A)		265,000		273,702
8.000%, 08/01/2033 (A)		35,000		36,274
Panther Escrow Issuer LLC 7.125%, 06/01/2031 (A)		596,000		619,910
PennyMac Financial Services, Inc.
6.750%, 02/15/2034 (A)		352,000		359,070
6.875%, 05/15/2032 (A)		297,000		307,751
PHH Escrow Issuer LLC 9.875%, 11/01/2029 (A)		185,000		187,521
Popular, Inc. 7.250%, 03/13/2028 (B)		609,000		636,253
Rocket Companies, Inc.
6.125%, 08/01/2030 (A)		1,606,000		1,648,270
6.375%, 08/01/2033 (A)		383,000		395,300
Starwood Property Trust, Inc.
5.250%, 10/15/2028 (A)		375,000		375,109
5.750%, 01/15/2031 (A)		208,000		207,871
Walker & Dunlop, Inc. 6.625%, 04/01/2033 (A)		257,000		262,820
				19,281,215
Health care – 6.6%
Acadia Healthcare Company, Inc. 7.375%, 03/15/2033 (A)(B)		545,000		565,813
AdaptHealth LLC 4.625%, 08/01/2029 (A)		667,000		630,509
AMN Healthcare, Inc.
4.000%, 04/15/2029 (A)(B)		500,000		471,532
6.500%, 01/15/2031 (A)		244,000		244,754
Bausch Health Companies, Inc. 10.000%, 04/15/2032 (A)		1,258,000		1,289,515
DaVita, Inc.
3.750%, 02/15/2031 (A)		619,000		566,941
4.625%, 06/01/2030 (A)		779,000		746,585
Endo Finance Holdings, Inc. 8.500%, 04/15/2031 (A)(B)		764,000		819,672
HealthEquity, Inc. 4.500%, 10/01/2029 (A)		765,000		741,763
IQVIA, Inc. 6.500%, 05/15/2030 (A)		600,000		620,093
Medline Borrower LP
5.250%, 10/01/2029 (A)		1,071,000		1,061,739
6.250%, 04/01/2029 (A)		1,156,000		1,185,368
Organon & Company 4.125%, 04/30/2028 (A)		764,000		738,133

 

58

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Raven Acquisition Holdings LLC 6.875%, 11/15/2031 (A)	$	294,000	$	302,134
Tenet Healthcare Corp.
4.375%, 01/15/2030		445,000		432,783
5.125%, 11/01/2027		400,000		399,266
6.750%, 05/15/2031		429,000		444,135
Varex Imaging Corp. 7.875%, 10/15/2027 (A)		703,000		715,836
				11,976,571
Industrials – 11.6%
Albion Financing 1 SARL 7.000%, 05/21/2030 (A)		381,000		394,068
Allied Universal Holdco LLC
4.625%, 06/01/2028 (A)		600,000		588,338
6.875%, 06/15/2030 (A)		770,000		791,429
7.875%, 02/15/2031 (A)		560,000		587,158
Amentum Holdings, Inc. 7.250%, 08/01/2032 (A)		117,000		121,489
Anagram Holdings LLC 10.000%, (0.000% Cash and 10.000% PIK), 08/15/2026 (A)(C)(E)		96,052		0
Arcosa, Inc. 4.375%, 04/15/2029 (A)		480,000		466,745
Axon Enterprise, Inc. 6.250%, 03/15/2033 (A)		180,000		185,273
Boise Cascade Company 4.875%, 07/01/2030 (A)(B)		477,000		466,802
Brundage-Bone Concrete Pumping Holdings, Inc. 7.500%, 02/01/2032 (A)		447,000		451,625
Builders FirstSource, Inc.
4.250%, 02/01/2032 (A)(B)		201,000		189,028
6.375%, 06/15/2032 (A)		385,000		397,956
6.750%, 05/15/2035 (A)		355,000		370,667
CACI International, Inc. 6.375%, 06/15/2033 (A)		350,000		361,043
Cimpress PLC 7.375%, 09/15/2032 (A)		91,000		90,683
Clean Harbors, Inc.
5.750%, 10/15/2033 (A)		175,000		176,529
6.375%, 02/01/2031 (A)		357,000		365,580
Dycom Industries, Inc. 4.500%, 04/15/2029 (A)		572,000		558,640
EMRLD Borrower LP
6.625%, 12/15/2030 (A)		536,000		550,981
6.750%, 07/15/2031 (A)		535,000		555,680
Enpro, Inc. 6.125%, 06/01/2033 (A)		373,000		381,222
FTAI Aviation Investors LLC 7.000%, 06/15/2032 (A)		728,000		761,868
Garda World Security Corp.
8.250%, 08/01/2032 (A)		182,000		188,660
8.375%, 11/15/2032 (A)		264,000		274,039
Global Infrastructure Solutions, Inc. 5.625%, 06/01/2029 (A)		559,000		549,235
Herc Holdings, Inc.
6.625%, 06/15/2029 (A)		355,000		364,764
7.000%, 06/15/2030 (A)		360,000		373,941
JB Poindexter & Company, Inc. 8.750%, 12/15/2031 (A)		444,000		465,025
JELD-WEN, Inc. 7.000%, 09/01/2032 (A)(B)		758,000		640,114
JetBlue Airways Corp. 9.875%, 09/20/2031 (A)		892,000		904,731

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Miter Brands Acquisition Holdco, Inc. 6.750%, 04/01/2032 (A)	$	269,000	$	276,331
OneSky Flight LLC 8.875%, 12/15/2029 (A)		191,000		200,847
Stanley Black & Decker, Inc. 6.707%, (6.707% to 3-15-30, then 5 Year CMT + 2.657%), 03/15/2060		548,000		549,820
The Brink's Company 6.500%, 06/15/2029 (A)		178,000		183,180
The GEO Group, Inc. 10.250%, 04/15/2031		907,000		997,988
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/2027 (A)		549,000		547,059
TransDigm, Inc.
4.875%, 05/01/2029		933,000		919,218
6.375%, 03/01/2029 (A)		546,000		558,231
6.750%, 01/31/2034 (A)		481,000		497,334
7.125%, 12/01/2031 (A)		439,000		457,916
TriNet Group, Inc. 7.125%, 08/15/2031 (A)		620,000		640,415
United Rentals North America, Inc.
3.875%, 02/15/2031		298,000		281,914
4.000%, 07/15/2030		588,000		562,421
VT Topco, Inc. 8.500%, 08/15/2030 (A)		599,000		609,429
Watco Companies LLC 7.125%, 08/01/2032 (A)		200,000		207,014
WESCO Distribution, Inc.
6.375%, 03/15/2029 (A)		574,000		590,979
6.375%, 03/15/2033 (A)		183,000		189,703
7.250%, 06/15/2028 (A)		322,000		326,186
				21,169,298
Information technology – 6.1%
Amkor Technology, Inc. 5.875%, 10/01/2033 (A)		105,000		106,069
Cloud Software Group, Inc.
6.500%, 03/31/2029 (A)		611,000		616,511
6.625%, 08/15/2033 (A)		191,000		194,431
8.250%, 06/30/2032 (A)		1,074,000		1,139,249
9.000%, 09/30/2029 (A)		1,247,000		1,293,396
Consensus Cloud Solutions, Inc. 6.500%, 10/15/2028 (A)		484,000		486,130
CoreWeave, Inc.
9.000%, 02/01/2031 (A)		170,000		174,229
9.250%, 06/01/2030 (A)		241,000		248,903
Diebold Nixdorf, Inc. 7.750%, 03/31/2030 (A)		330,000		348,105
EchoStar Corp. 10.750%, 11/30/2029		420,000		462,071
Insight Enterprises, Inc. 6.625%, 05/15/2032 (A)		179,000		183,529
Kioxia Holdings Corp. 6.250%, 07/24/2030 (A)		916,000		934,324
NCR Voyix Corp.
5.125%, 04/15/2029 (A)		38,000		37,389
5.250%, 10/01/2030 (A)		557,000		529,150
ON Semiconductor Corp. 3.875%, 09/01/2028 (A)		675,000		655,095
Open Text Corp. 3.875%, 02/15/2028 (A)		458,000		445,374
Open Text Holdings, Inc. 4.125%, 02/15/2030 (A)		468,000		443,335
Pagaya US Holdings Company LLC 8.875%, 08/01/2030 (A)		200,000		186,228

 

59

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Seagate Data Storage Technology Pte, Ltd.
5.750%, 12/01/2034 (A)	$	647,000	$	644,917
8.250%, 12/15/2029 (A)		253,000		267,826
UKG, Inc. 6.875%, 02/01/2031 (A)		777,000		801,736
Virtusa Corp. 7.125%, 12/15/2028 (A)(B)		561,000		548,097
Xerox Holdings Corp. 5.500%, 08/15/2028 (A)(B)		415,000		243,819
Zebra Technologies Corp. 6.500%, 06/01/2032 (A)		201,000		206,442
				11,196,355
Materials – 6.6%
Alcoa Nederland Holding BV 4.125%, 03/31/2029 (A)		483,000		467,059
Amsted Industries, Inc. 6.375%, 03/15/2033 (A)		183,000		187,828
Ardagh Metal Packaging Finance USA LLC 6.000%, 06/15/2027 (A)		637,000		636,846
Ardagh Packaging Finance PLC 4.125%, 08/15/2026 (A)(B)		970,000		931,200
Ashland, Inc. 6.875%, 05/15/2043 (B)		435,000		454,178
Celanese US Holdings LLC 7.050%, 11/15/2030		684,000		706,047
Champion Iron Canada, Inc. 7.875%, 07/15/2032 (A)		138,000		144,284
Cleveland-Cliffs, Inc.
7.000%, 03/15/2032 (A)(B)		545,000		550,431
7.500%, 09/15/2031 (A)		549,000		565,874
Clydesdale Acquisition Holdings, Inc.
6.750%, 04/15/2032 (A)		285,000		292,370
6.875%, 01/15/2030 (A)		446,000		457,511
8.750%, 04/15/2030 (A)		266,000		273,247
Fortescue Treasury Pty, Ltd.
4.500%, 09/15/2027 (A)		278,000		276,732
5.875%, 04/15/2030 (A)		261,000		267,492
Inversion Escrow Issuer LLC 6.750%, 08/01/2032 (A)		515,000		507,334
Magnera Corp. 7.250%, 11/15/2031 (A)(B)		628,000		590,935
Midwest Vanadium Proprietary, Ltd. 11.500%, 02/15/2018 (A)(C)		912,943		913
Northwest Acquisitions ULC 7.125%, 11/01/2022 (A)(C)		950,000		10
Novelis Corp.
4.750%, 01/30/2030 (A)		581,000		560,472
6.375%, 08/15/2033 (A)		283,000		285,925
Olympus Water US Holding Corp.
4.250%, 10/01/2028 (A)		200,000		192,328
7.250%, 02/15/2033 (A)		200,000		200,208
Owens-Brockway Glass Container, Inc. 7.250%, 05/15/2031 (A)		907,000		923,304
Qnity Electronics, Inc.
5.750%, 08/15/2032 (A)		214,000		215,632
6.250%, 08/15/2033 (A)		390,000		398,263
Quikrete Holdings, Inc. 6.375%, 03/01/2032 (A)		130,000		134,660
Sealed Air Corp.
6.125%, 02/01/2028 (A)		269,000		272,715
6.875%, 07/15/2033 (A)		432,000		469,231
Solstice Advanced Materials, Inc. 5.625%, 09/30/2033 (A)		209,000		209,691

High Yield Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
The Scotts Miracle-Gro Company 4.000%, 04/01/2031	$	542,000	$	500,179
Trivium Packaging Finance BV 8.250%, 07/15/2030 (A)		200,000		213,349
WR Grace Holdings LLC 6.625%, 08/15/2032 (A)		247,000		244,229
				12,130,477
Real estate – 2.4%
Anywhere Real Estate Group LLC
7.000%, 04/15/2030 (A)		247,157		250,123
9.750%, 04/15/2030 (A)		350,000		381,967
Diversified Healthcare Trust
3.786%, 01/15/2026 (A)(F)		203,000		200,770
7.250%, 10/15/2030 (A)		105,000		106,715
Fideicomiso Irrevocable de Emision, Administracion y Fuente de Pago Numero CIB/4323 13.000%, (11.000% Cash and 2.000% PIK), 09/12/2030 (A)		200,000		110,000
Greystar Real Estate Partners LLC 7.750%, 09/01/2030 (A)		514,000		543,355
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/2032 (A)		403,000		388,307
Iron Mountain, Inc. 4.875%, 09/15/2029 (A)		1,136,000		1,118,333
MPT Operating Partnership LP 8.500%, 02/15/2032 (A)		188,000		199,762
Outfront Media Capital LLC 4.250%, 01/15/2029 (A)		278,000		267,017
Uniti Group LP 10.500%, 02/15/2028 (A)		383,000		403,376
XHR LP 6.625%, 05/15/2030 (A)		323,000		331,874
				4,301,599
Utilities – 2.5%
Alpha Generation LLC 6.750%, 10/15/2032 (A)		358,000		369,560
Calpine Corp. 4.500%, 02/15/2028 (A)		649,000		646,262
ContourGlobal Power Holdings SA 6.750%, 02/28/2030 (A)		500,000		519,370
Lightning Power LLC 7.250%, 08/15/2032 (A)		525,000		555,826
NRG Energy, Inc.
3.625%, 02/15/2031 (A)		827,000		764,582
5.750%, 01/15/2034 (A)		702,000		701,283
Talen Energy Supply LLC 8.625%, 06/01/2030 (A)		591,000		627,370
The AES Corp. 7.600%, (7.600% to 1-15-30, then 5 Year CMT + 3.201%), 01/15/2055		356,000		368,765
				4,553,018
TOTAL CORPORATE BONDS (Cost $175,510,363)			$	171,144,641
TERM LOANS (G) – 3.1%
Communication services – 1.5%
Altice France SA, 2023 USD Term Loan B14 (3 month CME Term SOFR + 5.500%) 9.818%, 08/15/2028		498,728		481,272
Townsquare Media, Inc., 2025 Term Loan (3 month CME Term SOFR + 5.000%) 9.195%, 02/19/2030		592,453		517,656

 

60

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (G) (continued)
Communication services (continued)
X Corp., 2025 Fixed Term Loan 9.500%, 10/26/2029	$	1,834,000	$	1,838,328
				2,837,256
Consumer discretionary – 1.0%
Dave & Buster's, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.250%) 7.563%, 06/29/2029		1,000,000		931,930
J&J Ventures Gaming LLC, 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.500%) 7.663%, 04/26/2030		895,500		885,426
				1,817,356
Information technology – 0.2%
Xerox Corp., 2023 Term Loan B (1 and 3 month CME Term SOFR + 4.000%) 8.002%, 11/19/2029		402,512		372,827
Materials – 0.4%
Arctic Canadian Diamond Company, Ltd., 2nd Lien PIK Term Loan (10.000% Cash or 12.500% PIK) 10.000%, 12/31/2027 (E)		488,697		474,036
Trinseo Holding Sarl, 2021 Term Loan B2 (3 month CME Term SOFR + 2.500%) 6.960%, 05/03/2028		744,171		213,205
				687,241
TOTAL TERM LOANS (Cost $6,090,035)			$	5,714,680
COMMON STOCKS – 0.0%
Communication services – 0.0%
New Cotai, Inc., Class B (E)(H)(I)		3		0
Energy – 0.0%
KCAD Holdings I, Ltd.  (E)(H)(I)		165,553,563		166
MWO Holdings LLC (E)(I)		445		0
Permian Production (E)(I)		19,583		11,750
				11,916
TOTAL COMMON STOCKS (Cost $1,749,754)			$	11,916
PREFERRED SECURITIES – 0.4%
Financials – 0.4%
Athene Holding, Ltd., 7.250% (7.250% to 3-30-29, then 5 Year CMT + 2.986%)		28,975		740,601
TOTAL PREFERRED SECURITIES (Cost $730,106)			$	740,601
ESCROW CERTIFICATES – 0.0%
Adelphia Communications Corp. (E)(I)	$	3,000,000		0
Adelphia Communications Corp. (E)(I)		2,050,000		0
Adelphia Communications Corp. (E)(I)		1,025,000		0
Magellan Health, Inc. (E)(I)		1,930,000		0
Par Pharmaceutical, Inc. (E)(I)		720,000		23,616
TOTAL ESCROW CERTIFICATES (Cost $320,209)			$	23,616
ESCROW SHARES – 0.0%
Arctic Canadian Diamonds Holding Units (E)(I)		494		5,673
TOTAL ESCROW SHARES (Cost $0)			$	5,673

High Yield Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 7.6%
Short-term funds – 7.6%
John Hancock Collateral Trust, 4.0668% (J)(K)	1,393,729	$	13,942,029
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (J)	236		236
TOTAL SHORT-TERM INVESTMENTS (Cost $13,942,427)		$	13,942,265
Total Investments (High Yield Trust) (Cost $198,342,894) – 104.7%		$	191,583,392
Other assets and liabilities, net – (4.7%)			(8,612,542)
TOTAL NET ASSETS – 100.0%		$	182,970,850

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
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)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $150,495,145 or 82.3% of the fund's net assets as of 9-30-25.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $9,393,593.
(C)	Non-income producing - Issuer is in default.
(D)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(F)	Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
(G)	Term loans are variable rate obligations. The rate shown represents the rate at period end.
(H)	Restricted security as to resale, excluding 144A securities. For more information on this security refer to the Notes to Portfolio of Investments.
(I)	Non-income producing security.
(J)	The rate shown is the annualized seven-day yield as of 9-30-25.
(K)	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 $9,595,792.

International Equity Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 97.8%
Australia - 4.0%
ANZ Group Holdings, Ltd.	105,953	$	2,326,571
APA Group	47,817		280,716
Aristocrat Leisure, Ltd.	19,880		920,313
ASX, Ltd.	6,673		258,623
BHP Group, Ltd.	181,000		5,056,268
BlueScope Steel, Ltd.	15,384		231,081
Brambles, Ltd.	49,445		811,276
carsales.com, Ltd.	13,729		333,900
Cochlear, Ltd.	2,361		435,098
Coles Group, Ltd.	47,179		726,217

 

61

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Commonwealth Bank of Australia	59,672	$	6,589,785
Computershare, Ltd.	18,728		449,956
CSL, Ltd.	17,266		2,271,275
Evolution Mining, Ltd.	71,401		508,984
Fortescue, Ltd.	59,389		735,499
Goodman Group	71,875		1,557,602
Insurance Australia Group, Ltd.	85,315		462,299
Macquarie Group, Ltd.	12,911		1,874,030
Medibank Private, Ltd.	99,625		317,385
MMG, Ltd. (A)	151,200		130,955
National Australia Bank, Ltd.	108,959		3,178,523
Northern Star Resources, Ltd.	48,146		751,814
Origin Energy, Ltd.	60,705		500,967
Pro Medicus, Ltd.	2,023		411,874
Qantas Airways, Ltd.	25,744		186,021
QBE Insurance Group, Ltd.	53,844		732,723
REA Group, Ltd.	1,952		298,496
Rio Tinto, Ltd.	13,237		1,067,736
Santos, Ltd.	113,901		505,818
Scentre Group	187,762		506,464
SGH, Ltd.	6,916		228,296
Sigma Healthcare, Ltd.	164,650		323,340
Sonic Healthcare, Ltd.	16,282		230,616
South32, Ltd.	112,851		204,567
South32, Ltd. (London Stock Exchange)	48,980		88,766
Stockland	91,655		370,672
Suncorp Group, Ltd.	38,142		511,396
Telstra Group, Ltd.	142,830		455,359
The Lottery Corp., Ltd.	82,609		320,785
Transurban Group	110,606		1,009,152
Vicinity, Ltd.	151,569		252,516
Washington H. Soul Pattinson & Company, Ltd.	8,229		209,516
Wesfarmers, Ltd.	40,464		2,461,557
Westpac Banking Corp.	122,065		3,144,983
WiseTech Global, Ltd.	7,058		421,950
Woodside Energy Group, Ltd.	67,706		1,022,425
Woolworths Group, Ltd.	43,560		768,749
			46,442,914
Austria - 0.1%
Erste Group Bank AG	10,998		1,081,134
OMV AG	5,543		296,151
Verbund AG	2,442		177,859
			1,555,144
Belgium - 0.5%
Ageas SA/NV	5,462		378,825
Anheuser-Busch InBev SA/NV	35,247		2,106,954
D'ieteren Group	850		159,544
Elia Group SA/NV	1,750		202,180
Groupe Bruxelles Lambert NV	2,961		265,452
KBC Group NV	8,189		981,364
Lotus Bakeries NV	14		132,100
Sofina SA	537		158,778
Syensqo SA	2,508		203,620
UCB SA	4,453		1,242,991
			5,831,808
Brazil - 1.0%
Ambev SA	165,730		376,472
B3 SA - Brasil Bolsa Balcao	196,921		495,794
Banco Bradesco SA	56,324		161,175
Banco BTG Pactual SA	40,604		368,181
Banco do Brasil SA	60,326		250,383
BB Seguridade Participacoes SA	24,400		152,481
Caixa Seguridade Participacoes SA	20,700		58,768

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Brazil (continued)
Centrais Eletricas Brasileiras SA	42,847	$	422,814
Centrais Eletricas Brasileiras SA, ADR	1,429		14,804
Cia de Saneamento Basico do Estado de Sao Paulo	16,670		413,974
CPFL Energia SA	7,900		58,483
Embraer SA	24,600		371,109
Energisa SA	8,850		84,572
Eneva SA (A)	27,600		85,825
Engie Brasil Energia SA	7,275		55,633
Equatorial Energia SA	43,634		302,931
JBS NV (A)	13,687		204,671
Klabin SA	26,400		89,484
Localiza Rent a Car SA	32,451		240,536
MBRF Global Foods Company SA	17,638		64,360
Motiva Infraestrutura de Mobilidade SA	40,100		112,112
NU Holdings, Ltd., Class A (A)	121,000		1,937,210
Petroleo Brasileiro SA	132,729		842,423
Porto Seguro SA	6,900		64,641
PRIO SA (A)	30,400		217,794
Raia Drogasil SA	44,036		152,406
Rede D'Or Sao Luiz SA (B)	27,900		220,589
Rumo SA	45,451		136,381
Suzano SA	24,163		226,546
Telefonica Brasil SA	19,280		123,420
Telefonica Brasil SA, ADR	6,017		76,717
TIM SA	28,000		123,632
TOTVS SA	17,746		153,145
Ultrapar Participacoes SA	25,400		104,850
Vale SA	129,250		1,398,321
Vibra Energia SA	35,500		164,018
WEG SA	58,916		405,042
XP, Inc., Class A	13,000		244,270
			10,975,967
Canada - 8.1%
Agnico Eagle Mines, Ltd.	17,965		3,025,793
Alamos Gold, Inc., Class A	15,014		523,338
Alimentation Couche-Tard, Inc.	27,000		1,440,504
AltaGas, Ltd.	10,300		317,356
ARC Resources, Ltd.	20,700		377,499
AtkinsRealis Group, Inc.	5,900		425,807
Bank of Montreal	25,777		3,358,956
Barrick Mining Corp.	18,057		597,120
Barrick Mining Corp. (Toronto Stock Exchange)	43,777		1,437,843
BCE, Inc.	3,117		72,835
Bombardier, Inc., Class B (A)	3,100		434,428
Brookfield Corp.	48,572		3,332,716
CAE, Inc. (A)	10,900		322,763
Cameco Corp.	15,600		1,309,248
Canadian Imperial Bank of Commerce	33,557		2,681,522
Canadian National Railway Company	19,000		1,791,737
Canadian Natural Resources, Ltd.	74,520		2,382,798
Canadian Pacific Kansas City, Ltd.	33,200		2,472,645
Canadian Tire Corp., Ltd., Class A	1,800		214,275
Canadian Utilities, Ltd., Class A	4,600		128,676
CCL Industries, Inc., Class B	5,400		304,359
Celestica, Inc. (A)	4,100		1,008,929
Cenovus Energy, Inc.	49,202		835,412
CGI, Inc.	7,200		641,311
Constellation Software, Inc.	700		1,900,256
Dollarama, Inc.	9,900		1,305,631
Element Fleet Management Corp.	14,700		380,677
Emera, Inc.	10,600		508,559
Empire Company, Ltd., Class A	4,900		175,868
Enbridge, Inc.	77,700		3,919,894

 

62

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Fairfax Financial Holdings, Ltd.	719	$	1,257,901
First Quantum Minerals, Ltd. (A)	24,554		555,407
FirstService Corp.	1,500		285,794
Fortis, Inc.	18,003		913,151
Franco-Nevada Corp.	6,831		1,520,471
George Weston, Ltd.	6,297		384,100
GFL Environmental, Inc.	8,800		417,078
Gildan Activewear, Inc.	5,000		288,855
Great-West Lifeco, Inc.	9,900		401,776
Hydro One, Ltd. (B)	11,900		424,542
iA Financial Corp., Inc.	3,300		375,195
IGM Financial, Inc.	3,000		109,205
Imperial Oil, Ltd.	6,630		601,164
Intact Financial Corp.	6,400		1,245,188
Ivanhoe Mines, Ltd., Class A (A)	26,900		285,294
Keyera Corp.	8,500		285,166
Kinross Gold Corp.	43,929		1,090,255
Loblaw Companies, Ltd.	21,360		826,190
Lundin Gold, Inc.	3,900		252,686
Lundin Mining Corp.	26,900		401,268
Magna International, Inc.	9,500		450,119
Manulife Financial Corp. (C)	61,400		1,912,987
Metro, Inc.	7,557		507,547
National Bank of Canada	14,000		1,487,116
Nutrien, Ltd.	17,390		1,021,258
Open Text Corp.	9,700		362,574
Pan American Silver Corp.	12,800		496,015
Pembina Pipeline Corp.	20,398		824,743
Power Corp. of Canada	20,012		865,936
Restaurant Brands International, Inc.	10,946		702,205
Rogers Communications, Inc., Class B	13,188		454,004
Royal Bank of Canada	49,248		7,258,568
Saputo, Inc.	9,100		221,010
Shopify, Inc., Class A (A)	43,400		6,447,786
Stantec, Inc.	4,000		431,386
Sun Life Financial, Inc.	20,400		1,224,997
Suncor Energy, Inc.	44,435		1,859,520
TC Energy Corp.	37,046		2,014,278
Teck Resources, Ltd., Class B	16,961		744,032
TELUS Corp.	18,392		289,684
TFI International, Inc.	2,800		246,421
The Bank of Nova Scotia	44,304		2,864,782
The Descartes Systems Group, Inc. (A)	3,100		291,890
The Toronto-Dominion Bank	62,484		4,996,206
Thomson Reuters Corp.	5,654		877,940
TMX Group, Ltd.	10,000		382,554
Toromont Industries, Ltd.	2,800		310,883
Tourmaline Oil Corp.	12,600		543,402
Wheaton Precious Metals Corp.	16,170		1,809,525
Whitecap Resources, Inc. (Toronto Stock Exchange)	43,600		332,710
WSP Global, Inc.	4,600		904,002
			92,685,521
Chile - 0.2%
Antofagasta PLC	13,585		505,225
Banco de Chile	1,620,933		246,125
Banco de Credito e Inversiones SA	3,323		146,834
Banco Santander Chile, ADR	5,508		145,962
Cencosud SA	42,702		121,530
Empresas CMPC SA	38,455		56,681
Empresas COPEC SA	13,196		96,655
Enel Americas SA	726,053		73,252
Enel Chile SA, ADR	18,222		70,884
Falabella SA	29,974		177,715
Latam Airlines Group SA	8,049,276		182,867

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chile (continued)
Sociedad Quimica y Minera de Chile SA, ADR (A)	4,430	$	190,401
			2,014,131
China - 8.5%
360 Security Technology, Inc., Class A	14,500		23,104
37 Interactive Entertainment Network Technology Group Company, Ltd., Class A	4,700		14,376
3SBio, Inc. (A)(B)	63,700		247,724
AAC Technologies Holdings, Inc.	27,342		160,561
Advanced Micro-Fabrication Equipment, Inc., Class A	1,253		52,829
AECC Aviation Power Company, Ltd., Class A	5,500		32,659
Agricultural Bank of China, Ltd., Class A	182,100		170,598
Agricultural Bank of China, Ltd., H Shares	989,000		665,665
Aier Eye Hospital Group Company, Ltd., Class A	19,585		34,021
Air China, Ltd., Class A (A)	23,600		26,231
Akeso, Inc. (A)(B)	23,000		417,866
Alibaba Group Holding, Ltd.	610,400		13,651,030
Alibaba Group Holding, Ltd., ADR	338		60,411
Aluminum Corp. of China, Ltd., A Shares	29,100		33,782
Aluminum Corp. of China, Ltd., H Shares	131,220		135,725
Angel Yeast Company, Ltd., Class A	1,800		10,013
Anhui Conch Cement Company, Ltd., Class A	8,900		29,064
Anhui Conch Cement Company, Ltd., H Shares	44,290		133,378
Anhui Gujing Distillery Company, Ltd., B Shares	3,600		50,033
Anhui Gujing Distillery Company, Ltd., Class A	900		20,340
Anhui Jianghuai Automobile Group Corp. Ltd., Class A (A)	4,500		34,122
Anker Innovations Technology Company, Ltd., Class A	1,040		17,858
ANTA Sports Products, Ltd.	44,200		529,444
Autohome, Inc., ADR	2,600		74,230
Avary Holding Shenzhen Company, Ltd., Class A	4,000		31,625
AviChina Industry & Technology Company, Ltd., H Shares	120,000		67,360
BAIC BluePark New Energy Technology Company, Ltd., Class A (A)	11,600		13,200
Baidu, Inc., Class A (A)	80,300		1,327,715
Bank of Beijing Company, Ltd., Class A	47,000		36,386
Bank of Changsha Company, Ltd., Class A	8,400		10,432
Bank of Chengdu Company, Ltd., Class A	7,700		18,680
Bank of China, Ltd., Class A	78,100		56,837
Bank of China, Ltd., H Shares	2,534,563		1,385,409
Bank of Communications Company, Ltd., Class A	87,300		82,457
Bank of Communications Company, Ltd., H Shares	308,527		258,516
Bank of Hangzhou Company, Ltd., Class A	11,400		24,473
Bank of Jiangsu Company, Ltd., Class A	33,410		47,092
Bank of Nanjing Company, Ltd., Class A	21,500		33,022

 

63

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Bank of Ningbo Company, Ltd., Class A	13,750	$	51,089
Bank of Shanghai Company, Ltd., Class A	31,610		39,791
Baoshan Iron & Steel Company, Ltd., Class A	41,300		41,063
Beijing Enlight Media Company, Ltd., Class A	6,300		17,176
Beijing Kingsoft Office Software, Inc., Class A	935		41,725
Beijing New Building Materials PLC, Class A	3,500		11,652
Beijing Roborock Technology Company, Ltd., Class A	534		15,798
Beijing Tiantan Biological Products Corp., Ltd., Class A	4,080		10,935
Beijing Tong Ren Tang Company, Ltd., Class A	2,800		13,384
Beijing Wantai Biological Pharmacy Enterprise Company, Ltd., Class A (A)	1,800		14,339
Beijing-Shanghai High Speed Railway Company, Ltd., Class A	100,700		72,671
Bestechnic Shanghai Company, Ltd., Class A	585		24,503
Bethel Automotive Safety Systems Company, Ltd., Class A	1,260		9,567
Bilibili, Inc., Class Z (A)	7,960		225,084
BOC International China Company, Ltd., Class A	5,800		11,720
BOE Technology Group Company, Ltd., Class A	75,300		44,085
BYD Company, Ltd., Class A	12,000		185,069
BYD Company, Ltd., H Shares	130,815		1,849,028
BYD Electronic International Company, Ltd.	26,500		140,481
Caitong Securities Company, Ltd., Class A	9,600		11,384
Cambricon Technologies Corp., Ltd., Class A (A)	844		157,892
CCOOP Group Company, Ltd., Class A (A)	64,600		23,382
CGN Power Company, Ltd., Class A	32,300		16,441
CGN Power Company, Ltd., H Shares (B)	364,000		135,123
Changchun High-Tech Industry Group Company, Ltd., Class A	800		14,652
Changjiang Securities Company, Ltd., Class A	11,500		13,454
Changzhou Xingyu Automotive Lighting Systems Company, Ltd., Class A	600		11,384
Chaozhou Three-Circle Group Company, Ltd., Class A	3,900		25,460
Chifeng Jilong Gold Mining Company, Ltd., Class A	6,200		25,647
China CITIC Bank Corp., Ltd., H Shares	310,800		266,873
China CITIC Financial Asset Management Company, Ltd., H Shares (A)(B)	505,000		67,246
China Coal Energy Company, Ltd., H Shares	70,000		83,556
China Communications Services Corp., Ltd., H Shares	75,600		44,639
China Construction Bank Corp., Class A	45,400		54,956
China Construction Bank Corp., H Shares	3,428,914		3,288,897
China CSSC Holdings, Ltd., Class A	16,100		78,404

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
China Eastern Airlines Corp., Ltd., Class A (A)	35,500	$	20,707
China Energy Engineering Corp., Ltd., Class A	65,700		22,274
China Everbright Bank Company, Ltd., Class A	88,600		41,869
China Everbright Bank Company, Ltd., H Shares	120,000		49,953
China Feihe, Ltd. (B)	119,000		61,104
China Galaxy Securities Company, Ltd., Class A	19,900		49,841
China Galaxy Securities Company, Ltd., H Shares	129,500		196,254
China Great Wall Securities Company, Ltd., Class A	8,400		13,731
China Greatwall Technology Group Company, Ltd., Class A (A)	6,500		15,516
China Hongqiao Group, Ltd.	100,000		338,683
China Huishan Dairy Holdings Company, Ltd. (A)(D)	225,000		0
China International Capital Corp., Ltd., Class A	4,000		20,805
China International Capital Corp., Ltd., H Shares (B)	52,000		142,284
China Jushi Company, Ltd., Class A	8,100		19,763
China Life Insurance Company, Ltd., Class A	4,500		25,127
China Life Insurance Company, Ltd., H Shares	267,624		757,884
China Literature, Ltd. (A)(B)	14,000		70,734
China Longyuan Power Group Corp., Ltd., H Shares	114,000		121,626
China Mengniu Dairy Company, Ltd.	108,004		207,697
China Merchants Bank Company, Ltd., Class A	45,900		261,010
China Merchants Bank Company, Ltd., H Shares	139,323		833,845
China Merchants Energy Shipping Company, Ltd., Class A	16,500		20,615
China Merchants Expressway Network & Technology Holdings Company, Ltd., Class A	6,500		8,901
China Merchants Securities Company, Ltd., Class A	16,510		39,813
China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A	17,600		25,188
China Minsheng Banking Corp., Ltd., Class A	78,880		44,140
China Minsheng Banking Corp., Ltd., H Shares	230,496		121,649
China National Building Material Company, Ltd., H Shares	150,187		106,420
China National Chemical Engineering Company, Ltd., Class A	12,700		13,295
China National Nuclear Power Company, Ltd., Class A	38,300		46,902
China National Software & Service Company, Ltd., Class A (A)	1,800		12,617
China Northern Rare Earth Group High-Tech Company, Ltd., Class A	7,300		49,601
China Oilfield Services, Ltd., H Shares	56,000		47,964
China Pacific Insurance Group Company, Ltd., Class A	14,000		69,230
China Pacific Insurance Group Company, Ltd., H Shares	94,100		373,861

 

64

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	$	42,173
China Petroleum & Chemical Corp., H Shares	873,361		453,671
China Railway Group, Ltd., Class A	42,700		33,100
China Railway Group, Ltd., H Shares	144,000		72,679
China Railway Signal & Communication Corp., Ltd., Class A	14,917		11,293
China Rare Earth Resources and Technology Company, Ltd., Class A (A)	2,200		16,030
China Resources Microelectronics, Ltd., Class A	2,675		20,931
China Resources Mixc Lifestyle Services, Ltd. (B)	23,400		124,131
China Resources Pharmaceutical Group, Ltd. (B)	53,000		32,758
China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A	3,380		13,357
China Shenhua Energy Company, Ltd., Class A	13,400		72,537
China Shenhua Energy Company, Ltd., H Shares	120,500		575,214
China Southern Airlines Company, Ltd., Class A (A)	23,300		19,813
China State Construction Engineering Corp., Ltd., Class A	93,340		71,569
China Three Gorges Renewables Group Company, Ltd., Class A	58,700		35,064
China Tourism Group Duty Free Corp., Ltd., Class A	4,300		43,336
China Tower Corp., Ltd., H Shares (B)	158,100		233,061
China United Network Communications, Ltd., Class A	64,400		49,884
China Vanke Company, Ltd., Class A (A)	21,600		20,951
China Vanke Company, Ltd., H Shares (A)	74,500		53,305
China XD Electric Company, Ltd., Class A	10,600		10,086
China Yangtze Power Company, Ltd., Class A	54,300		207,929
China Zheshang Bank Company, Ltd., Class A	43,700		18,306
Chongqing Changan Automobile Company, Ltd., Class A	16,800		28,915
Chongqing Rural Commercial Bank Company, Ltd., Class A	18,400		17,030
Chongqing Rural Commercial Bank Company, Ltd., H Shares	81,000		62,502
Chongqing Zhifei Biological Products Company, Ltd., Class A	4,650		13,619
Citic Pacific Special Steel Group Company, Ltd., Class A	7,100		13,602
CITIC Securities Company, Ltd., Class A	25,185		106,081
CITIC Securities Company, Ltd., H Shares	52,825		208,596
CITIC, Ltd.	141,967		207,942
CMOC Group, Ltd., Class A	28,400		62,915
CMOC Group, Ltd., H Shares	129,000		260,034
CNGR Advanced Material Company, Ltd., Class A	1,960		13,782
CNPC Capital Company, Ltd., Class A	17,300		25,654
Contemporary Amperex Technology Company, Ltd., Class A	9,320		528,569

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Contemporary Amperex Technology Company, Ltd., H Shares	3,100	$	228,207
COSCO SHIPPING Energy Transportation Company, Ltd., Class A	7,200		12,277
COSCO SHIPPING Holdings Company, Ltd., Class A	26,000		52,459
COSCO SHIPPING Holdings Company, Ltd., H Shares	101,600		157,955
CRRC Corp., Ltd., Class A	49,300		51,819
CRRC Corp., Ltd., H Shares	145,000		111,727
CSC Financial Company, Ltd., Class A	9,000		34,002
CSPC Innovation Pharmaceutical Company, Ltd., Class A	2,880		18,624
CSPC Pharmaceutical Group, Ltd.	303,120		365,120
Daqin Railway Company, Ltd., Class A	30,700		25,416
Datang International Power Generation Company, Ltd., Class A	48,800		23,264
Dong-E-E-Jiao Company, Ltd., Class A	1,300		8,650
Dongfang Electric Corp., Ltd., Class A	5,800		15,755
East Money Information Company, Ltd., Class A	30,896		118,096
Eastroc Beverage Group Company, Ltd., Class A	1,350		57,689
Ecovacs Robotics Company, Ltd., Class A	2,300		34,819
Empyrean Technology Company, Ltd., Class A	800		14,240
ENN Energy Holdings, Ltd.	27,900		230,058
ENN Natural Gas Company, Ltd., Class A	5,400		13,646
Eoptolink Technology, Inc. Ltd., Class A	2,100		108,603
Eve Energy Company, Ltd., Class A	4,181		53,642
Everbright Securities Company, Ltd., Class A	8,700		23,063
Everdisplay Optronics Shanghai Company, Ltd., Class A (A)	23,977		9,783
Flat Glass Group Company, Ltd., Class A	3,300		8,024
Focus Media Information Technology Company, Ltd., Class A	32,700		37,120
Foshan Haitian Flavouring & Food Company, Ltd., Class A	10,296		56,507
Fosun International, Ltd.	85,000		60,112
Founder Securities Company, Ltd., Class A	16,700		19,147
Foxconn Industrial Internet Company, Ltd., Class A	27,100		253,045
Fuyao Glass Industry Group Company, Ltd., Class A	4,500		46,456
Fuyao Glass Industry Group Company, Ltd., H Shares (B)	20,800		209,516
GalaxyCore, Inc., Class A	3,600		9,112
Ganfeng Lithium Group Company, Ltd., Class A	3,360		28,807
GD Power Development Company, Ltd., Class A	36,100		25,285
GDS Holdings, Ltd., Class A (A)	37,300		182,103
GEM Company, Ltd., Class A	10,700		12,679
Genscript Biotech Corp. (A)	40,000		86,309
GF Securities Company, Ltd., Class A	13,200		41,414
Giant Biogene Holding Company, Ltd. (B)	10,200		73,960
GigaDevice Semiconductor, Inc., Class A	1,372		41,255
GoerTek, Inc., Class A	5,200		27,566

 

65

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Goldwind Science & Technology Company, Ltd., Class A	7,700	$	16,217
Goneo Group Company, Ltd., Class A	1,827		11,475
Gotion High-tech Company, Ltd., Class A	3,700		24,315
Great Wall Motor Company, Ltd., Class A	5,000		17,313
Great Wall Motor Company, Ltd., H Shares	81,500		177,121
Gree Electric Appliances, Inc. of Zhuhai, Class A	5,700		31,843
GRG Banking Equipment Company, Ltd., Class A	5,200		10,174
Guangdong Haid Group Company, Ltd., Class A	3,500		31,360
Guanghui Energy Company, Ltd., Class A	13,500		9,569
Guangzhou Automobile Group Company, Ltd., Class A	10,000		10,734
Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., Class A	2,300		8,257
Guangzhou Haige Communications Group, Inc. Company, Class A	5,200		9,578
Guangzhou Tinci Materials Technology Company, Ltd., Class A	3,900		20,989
Guosen Securities Company, Ltd., Class A	13,300		25,329
Guotai Haitong Securities Company, Ltd.	27,860		74,015
Guotai Haitong Securities Company, Ltd., H Shares (B)	70,184		144,340
Guoyuan Securities Company, Ltd., Class A	9,100		11,706
H World Group, Ltd., ADR	7,100		277,681
Haidilao International Holding, Ltd. (B)	56,000		96,337
Haier Smart Home Company, Ltd., Class A	13,600		48,517
Haier Smart Home Company, Ltd., H Shares	83,800		271,864
Hainan Airlines Holding Company, Ltd., Class A (A)	87,600		20,056
Hainan Airport Infrastructure Company, Ltd., Class A	23,700		13,889
Haisco Pharmaceutical Group Company, Ltd., Class A	2,000		15,076
Haitian International Holdings, Ltd.	21,000		57,816
Hangzhou First Applied Material Company, Ltd., Class A	7,683		16,978
Hangzhou Silan Microelectronics Company, Ltd., Class A	2,600		11,522
Hangzhou Tigermed Consulting Company, Ltd., A Shares	1,700		13,917
Hansoh Pharmaceutical Group Company, Ltd. (B)	40,000		185,557
Henan Shenhuo Coal Industry & Electricity Power Company, Ltd., Class A	4,700		13,251
Henan Shuanghui Investment & Development Company, Ltd., Class A	7,200		25,046
Hengan International Group Company, Ltd.	25,000		81,518
Hengli Petrochemical Company, Ltd., Class A	14,600		35,204
Hengtong Optic-electric Company, Ltd., Class A	5,100		16,515

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Hithink RoyalFlush Information Network Company, Ltd., Class A	900	$	47,232
HLA Group Corp., Ltd., Class A	9,100		8,284
Horizon Robotics (A)	147,000		180,516
Hoshine Silicon Industry Company, Ltd., Class A	1,600		11,138
Hua Hong Semiconductor, Ltd., H Shares (A)(B)	25,000		256,906
Huadian Power International Corp., Ltd., Class A	17,700		12,669
Huadong Medicine Company, Ltd., Class A	2,800		16,341
Huafon Chemical Company, Ltd., Class A	10,300		13,223
Huagong Tech Company, Ltd., Class A	2,100		27,388
Huaibei Mining Holdings Company, Ltd., Class A	5,200		9,019
Hualan Biological Engineering, Inc., Class A	4,030		9,021
Huaneng Power International, Inc., Class A	18,600		18,462
Huaneng Power International, Inc., H Shares	149,436		104,020
Huaqin Technology Company, Ltd., Class A	2,500		37,187
Huatai Securities Company, Ltd., Class A	16,400		50,299
Huatai Securities Company, Ltd., H Shares (B)	48,800		128,648
Huaxia Bank Company, Ltd., Class A	28,500		26,364
Huayu Automotive Systems Company, Ltd., Class A	5,100		14,710
Huizhou Desay Sv Automotive Company, Ltd., Class A	1,100		23,430
Humanwell Healthcare Group Company, Ltd., Class A	3,400		10,073
Hunan Valin Steel Company, Ltd., Class A	14,300		13,063
Hundsun Technologies, Inc., Class A	3,075		14,991
Hwatsing Technology Company, Ltd., Class A	731		17,025
Hygon Information Technology Company, Ltd., Class A	5,383		192,168
IEIT Systems Company, Ltd., Class A	3,248		34,119
Iflytek Company, Ltd., Class A	4,700		37,124
Imeik Technology Development Company, Ltd., Class A	560		14,274
Industrial & Commercial Bank of China, Ltd., Class A	143,500		147,209
Industrial & Commercial Bank of China, Ltd., H Shares	2,322,735		1,710,335
Industrial Bank Company, Ltd., Class A	46,200		128,907
Industrial Securities Company, Ltd., Class A	14,900		13,702
Ingenic Semiconductor Company, Ltd., Class A	2,800		35,140
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A	94,300		31,598
Inner Mongolia Dian Tou Energy Corp., Ltd., Class A	4,700		14,924
Inner Mongolia Junzheng Energy & Chemical Industry Group Company, Ltd., Class A	17,500		12,895
Inner Mongolia Yili Industrial Group Company, Ltd., Class A	13,600		52,198

 

66

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Inner Mongolia Yitai Coal Company, Ltd., Class B	36,400	$	69,816
Innovent Biologics, Inc. (A)(B)	52,000		647,459
Isoftstone Information Technology Group Company, Ltd., Class A	2,000		15,560
J&T Global Express, Ltd. (A)	82,400		103,403
JA Solar Technology Company, Ltd., Class A (A)	6,272		11,608
JCET Group Company, Ltd., Class A	3,600		22,356
JD Health International, Inc. (A)(B)	38,200		325,273
JD Logistics, Inc. (A)(B)	67,000		112,564
JD.com, Inc., Class A	86,723		1,519,431
Jiangsu Eastern Shenghong Company, Ltd., Class A (A)	13,400		17,922
Jiangsu Expressway Company, Ltd., H Shares	41,145		47,654
Jiangsu Hengli Hydraulic Company, Ltd., Class A	2,960		39,951
Jiangsu Hengrui Pharmaceuticals Company, Ltd., Class A	14,198		142,804
Jiangsu Hoperun Software Company, Ltd., Class A (A)	3,000		25,693
Jiangsu King's Luck Brewery JSC, Ltd., Class A	2,800		15,482
Jiangsu Yanghe Distillery Company, Ltd., Class A	3,400		32,486
Jiangsu Yuyue Medical Equipment & Supply Company, Ltd., Class A	2,100		11,523
Jiangsu Zhongtian Technology Company, Ltd., Class A	7,100		18,927
Jiangxi Copper Company, Ltd., Class A	4,300		21,480
Jiangxi Copper Company, Ltd., H Shares	39,075		153,025
Jinduicheng Molybdenum Company, Ltd., Class A	6,700		14,579
Jinko Solar Company, Ltd., Class A (A)	13,511		10,578
Kanzhun, Ltd., ADR (A)	13,200		308,352
KE Holdings, Inc., ADR	24,700		469,300
Kingdee International Software Group Company, Ltd. (A)	113,000		253,400
Kingsoft Corp., Ltd.	32,800		145,541
Kuaishou Technology (B)	94,000		1,016,691
Kuang-Chi Technologies Company, Ltd., Class A	4,500		31,767
Kunlun Tech Company, Ltd., Class A (A)	2,500		17,124
Kweichow Moutai Company, Ltd., Class A	2,700		548,733
Laopu Gold Company Ltd., H Shares	1,000		91,416
LB Group Company, Ltd., Class A	5,000		13,692
Lenovo Group, Ltd.	287,436		425,920
Lens Technology Company, Ltd., Class A	7,300		34,519
Li Auto, Inc., Class A (A)	44,600		570,989
Li Ning Company, Ltd.	80,500		182,025
Lingyi iTech Guangdong Company, Class A	12,700		29,230
Longfor Group Holdings, Ltd. (B)	65,779		100,206
LONGi Green Energy Technology Company, Ltd., Class A (A)	15,064		38,164
Loongson Technology Corp, Ltd., Class A (A)	1,251		27,818
Luxshare Precision Industry Company, Ltd., Class A	15,495		141,535
Luzhou Laojiao Company, Ltd., Class A	3,300		61,284
Mango Excellent Media Company, Ltd., Class A	3,300		16,612

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Maxscend Microelectronics Company, Ltd., Class A	1,440	$	16,865
Meihua Holdings Group Company, Ltd., Class A	6,100		9,101
Meitu, Inc. (A)(B)	121,600		144,635
Meituan, Class B (A)(B)	177,500		2,371,180
Metallurgical Corp. of China, Ltd., Class A	28,700		15,552
Midea Group Company, Ltd., Class A	7,300		74,651
Midea Group Company, Ltd., H Shares	12,800		135,086
MINISO Group Holding, Ltd.	2,600		14,650
MINISO Group Holding, Ltd., ADR (E)	3,276		73,710
Montage Technology Company, Ltd., Class A	2,305		50,317
Muyuan Foods Company, Ltd., Class A	11,382		84,871
Nanjing Securities Company, Ltd., Class A	7,700		9,252
NARI Technology Company, Ltd., Class A	17,798		57,509
National Silicon Industry Group Company, Ltd., Class A (A)	5,536		20,123
NAURA Technology Group Company, Ltd., Class A	1,485		94,618
NetEase, Inc.	62,100		1,886,122
New China Life Insurance Company, Ltd., Class A	4,600		39,671
New China Life Insurance Company, Ltd., H Shares	35,500		210,253
New Hope Liuhe Company, Ltd., Class A	6,800		9,376
New Oriental Education & Technology Group, Inc. (A)	52,500		280,223
Nexchip Semiconductor Corp., Class A	7,599		37,283
Ninestar Corp., Class A (A)	2,900		9,583
Ningbo Deye Technology Company, Ltd., Class A	1,764		20,115
Ningbo Sanxing Medical Electric Company, Ltd., Class A	2,900		10,010
Ningbo Tuopu Group Company, Ltd., Class A	3,190		36,440
Ningxia Baofeng Energy Group Company, Ltd., Class A	14,900		37,288
NIO, Inc., Class A (A)	56,730		429,061
Nongfu Spring Company, Ltd., H Shares (B)	71,000		490,668
OFILM Group Company, Ltd., Class A (A)	13,100		24,134
OmniVision Integrated Circuits Group, Inc.	2,185		46,591
Oppein Home Group, Inc., Class A	1,100		8,249
Orient Securities Company, Ltd., Class A	12,288		19,803
PetroChina Company, Ltd., Class A	44,800		50,712
PetroChina Company, Ltd., H Shares	742,261		672,908
Pharmaron Beijing Company, Ltd., Class A	3,000		15,164
PICC Property & Casualty Company, Ltd., H Shares	248,363		560,270
Ping An Bank Company, Ltd., Class A	38,200		60,881
Ping An Insurance Group Company of China, Ltd., Class A	24,100		187,050
Ping An Insurance Group Company of China, Ltd., H Shares	238,790		1,624,510
Piotech, Inc., Class A	568		20,830
Poly Developments and Holdings Group Company, Ltd., Class A	26,500		29,325

 

67

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Pop Mart International Group, Ltd. (B)	19,200	$	657,635
Postal Savings Bank of China Company, Ltd., Class A	58,900		47,633
Postal Savings Bank of China Company, Ltd., H Shares (B)	330,000		231,185
Power Construction Corp. of China, Ltd., Class A	35,800		28,119
Qfin Holdings, Inc., ADR	4,300		123,754
Qinghai Salt Lake Industry Company, Ltd., Class A (A)	11,000		32,273
Range Intelligent Computing Technology Group Company, Ltd., Class A	3,000		22,580
Rockchip Electronics Company, Ltd., Class A	1,300		41,437
Rongsheng Petrochemical Company, Ltd., Class A	21,050		28,574
SAIC Motor Corp., Ltd., Class A	17,300		41,697
Sailun Group Company, Ltd., Class A	6,500		13,159
Sanan Optoelectronics Company, Ltd., Class A	10,100		22,158
Sany Heavy Industry Company, Ltd., Class A	18,600		60,819
Satellite Chemical Company, Ltd., Class A	6,800		18,544
SDIC Capital Company, Ltd., Class A	13,300		14,780
SDIC Power Holdings Company, Ltd., Class A	15,100		27,722
Seres Group Company, Ltd., Class A	3,100		74,933
SF Holding Company, Ltd., Class A	10,100		57,334
SG Micro Corp., Class A	1,300		15,251
Shaanxi Coal Industry Company, Ltd., Class A	19,600		55,151
Shandong Gold Mining Company, Ltd., Class A	5,880		32,383
Shandong Gold Mining Company, Ltd., H Shares (B)	30,500		144,217
Shandong Himile Mechanical Science & Technology Company, Ltd., Class A	2,900		24,177
Shandong Hualu Hengsheng Chemical Company, Ltd., Class A	4,300		16,097
Shandong Nanshan Aluminum Company, Ltd., Class A	24,300		13,551
Shandong Sun Paper Industry JSC, Ltd., Class A	5,800		11,659
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares	80,000		59,796
Shanghai Baosight Software Company, Ltd., Class A	4,320		14,135
Shanghai BOCHU Electronic Technology Corp., Ltd., Class A	595		12,887
Shanghai Electric Group Company, Ltd., Class A (A)	25,600		34,093
Shanghai Fosun Pharmaceutical Group Company, Ltd., Class A	3,200		13,424
Shanghai International Airport Company, Ltd., Class A	1,600		7,177
Shanghai Pharmaceuticals Holding Company, Ltd., Class A	5,600		14,120
Shanghai Pudong Development Bank Company, Ltd., Class A	65,300		109,348
Shanghai Putailai New Energy Technology Company, Ltd., Class A	4,100		17,853
Shanghai RAAS Blood Products Company, Ltd., Class A	13,800		12,990

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Shanghai Rural Commercial Bank Company, Ltd., Class A	19,500	$	22,436
Shanghai United Imaging Healthcare Company, Ltd., Class A	1,689		36,017
Shanghai Zhangjiang High-Tech Park Development Company, Ltd., Class A	3,200		24,760
Shanjin International Gold Company, Ltd., Class A	5,800		18,648
Shanxi Coking Coal Energy Group Company, Ltd., Class A	11,600		11,344
Shanxi Lu'an Environmental Energy Development Company, Ltd., Class A	6,100		12,212
Shanxi Xinghuacun Fen Wine Factory Company, Ltd., Class A	2,460		67,198
Shenergy Company, Ltd., Class A	10,200		11,213
Shengyi Technology Company, Ltd., Class A	5,100		38,872
Shennan Circuits Company, Ltd., Class A	1,456		44,511
Shenwan Hongyuan Group Company, Ltd., Class A	36,200		27,174
Shenzhen Goodix Technology Company, Ltd., Class A	1,000		11,643
Shenzhen Inovance Technology Company, Ltd., Class A	2,250		26,582
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A	2,500		86,512
Shenzhen New Industries Biomedical Engineering Company, Ltd., Class A	1,600		15,389
Shenzhen Salubris Pharmaceuticals Company, Ltd., Class A	2,300		19,548
Shenzhen Transsion Holdings Company, Ltd., Class A	2,280		30,289
Shenzhou International Group Holdings, Ltd.	28,300		224,042
Sichuan Biokin Pharmaceutical Company, Ltd., Class A (A)	429		22,682
Sichuan Changhong Electric Company, Ltd., Class A	16,600		24,497
Sichuan Chuantou Energy Company, Ltd., Class A	9,800		19,671
Sichuan Kelun Pharmaceutical Company, Ltd., Class A	3,100		16,036
Sichuan Kelun-Biotech Biopharmaceutical Company, Ltd., H Shares (A)	1,700		112,247
Sichuan Road and Bridge Group Company, Ltd., Class A	14,700		16,738
Silergy Corp.	11,000		93,683
Sinolink Securities Company, Ltd., Class A	7,700		11,102
Sinopharm Group Company, Ltd., H Shares	46,400		109,134
Sinotruk Hong Kong, Ltd.	23,500		69,298
Smoore International Holdings, Ltd. (B)	62,000		140,261
SooChow Securities Company, Ltd., Class A	10,400		14,364
Spring Airlines Company, Ltd., Class A	2,000		15,035
Sungrow Power Supply Company, Ltd., Class A	4,200		95,873
Sunny Optical Technology Group Company, Ltd.	24,400		283,019
SUPCON Technology Company, Ltd., Class A	1,640		12,736

 

68

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Suzhou Dongshan Precision Manufacturing Company, Ltd., Class A	6,200	$	62,580
Suzhou TFC Optical Communication Company, Ltd., Class A	1,568		37,153
TAL Education Group, ADR (A)	14,900		166,880
TBEA Company, Ltd., Class A	10,200		25,542
TCL Technology Group Corp., Class A	38,980		23,640
TCL Zhonghuan Renewable Energy Technology Company, Ltd., Class A (A)	8,250		10,510
Tencent Holdings, Ltd.	229,700		19,572,644
Tencent Music Entertainment Group, ADR	20,500		478,470
The People's Insurance Company Group of China, Ltd., Class A	19,200		21,068
The People's Insurance Company Group of China, Ltd., H Shares	302,000		264,202
Tianqi Lithium Corp., Class A (A)	3,000		20,093
Tingyi Cayman Islands Holding Corp.	76,000		101,527
Tongcheng Travel Holdings, Ltd.	41,600		122,889
TongFu Microelectronics Company, Ltd., Class A	3,100		17,529
Tongling Nonferrous Metals Group Company, Ltd., Class A	26,300		19,852
Tongwei Company, Ltd., Class A (A)	9,300		29,184
TravelSky Technology, Ltd., H Shares	31,000		42,319
Trina Solar Company, Ltd., Class A (A)	4,405		10,775
Tsingtao Brewery Company, Ltd., Class A	1,400		12,982
Tsingtao Brewery Company, Ltd., H Shares	22,000		149,700
Unigroup Guoxin Microelectronics Company, Ltd., Class A	1,679		21,359
Unisplendour Corp., Ltd., Class A	5,320		22,668
Verisilicon Microelectronics Shanghai Company, Ltd., Class A (A)	1,072		27,652
Victory Giant Technology Huizhou Company, Ltd., Class A	2,800		112,818
Vipshop Holdings, Ltd., ADR	13,100		257,284
Wanhua Chemical Group Company, Ltd., Class A	7,000		65,608
Weichai Power Company, Ltd., Class A	14,100		27,837
Weichai Power Company, Ltd., H Shares	64,720		115,782
Wens Foodstuff Group Company, Ltd., Class A	14,160		37,082
Western Mining Company, Ltd., Class A	4,900		15,198
Western Securities Company, Ltd., Class A	9,300		11,223
Wingtech Technology Company, Ltd., Class A (A)	2,500		16,364
Wintime Energy Group Company, Ltd., Class A	46,100		10,581
Wuhan Guide Infrared Company, Ltd., Class A (A)	8,900		15,470
Wuliangye Yibin Company, Ltd., Class A	8,600		147,050
WUS Printed Circuit Kunshan Company, Ltd., Class A	4,180		43,354
WuXi AppTec Company, Ltd., Class A	5,544		87,771
WuXi AppTec Company, Ltd., H Shares (B)	12,106		185,223
WuXi Biologics Cayman, Inc. (A)(B)	124,500		657,424
WuXi XDC Cayman, Inc. (A)	10,400		105,025
XCMG Construction Machinery Company, Ltd., Class A	23,900		38,671

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Xiamen C & D, Inc., Class A	6,200	$	8,942
Xiaomi Corp., Class B (A)(B)	610,400		4,242,247
Xinjiang Daqo New Energy Company, Ltd., Class A (A)	3,610		14,629
Xinyi Solar Holdings, Ltd.	172,835		76,269
XPeng, Inc., A Shares (A)	43,400		509,944
Yadea Group Holdings, Ltd. (B)	43,978		78,289
Yangzijiang Shipbuilding Holdings, Ltd.	90,700		237,295
Yankuang Energy Group Company, Ltd., Class A	10,140		18,978
Yankuang Energy Group Company, Ltd., H Shares	124,680		162,988
Yantai Jereh Oilfield Services Group Company, Ltd., Class A	2,100		16,457
Yealink Network Technology Corp., Ltd., Class A	2,600		13,555
Yifeng Pharmacy Chain Company, Ltd., Class A	2,520		8,739
Yihai Kerry Arawana Holdings Company, Ltd., Class A	2,900		12,876
Yonghui Superstores Company, Ltd., Class A (A)	33,000		21,766
Yonyou Network Technology Company, Ltd., Class A (A)	5,200		11,455
Youngor Fashion Company, Ltd., Class A	9,600		10,005
YTO Express Group Company, Ltd., Class A	7,000		18,063
Yum China Holdings, Inc.	13,400		575,128
Yunnan Aluminium Company, Ltd., Class A	7,200		20,919
Yunnan Baiyao Group Company, Ltd., Class A	3,920		31,294
Yunnan Yuntianhua Company, Ltd., Class A	3,800		14,326
Yutong Bus Company, Ltd., Class A	4,600		17,602
Zangge Mining Company, Ltd., Class A	3,300		27,099
Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., Class A	1,000		27,655
Zhaojin Mining Industry Company, Ltd., H Shares	65,000		259,995
Zhejiang China Commodities City Group Company, Ltd., Class A	11,400		29,806
Zhejiang Chint Electrics Company, Ltd., Class A	4,800		20,737
Zhejiang Dahua Technology Company, Ltd., Class A	4,800		13,624
Zhejiang Expressway Company, Ltd., H Shares	68,610		63,361
Zhejiang Huayou Cobalt Company, Ltd., Class A	3,300		30,659
Zhejiang Jingsheng Mechanical & Electrical Company, Ltd., Class A	2,600		16,652
Zhejiang Juhua Company, Ltd., Class A	5,600		31,558
Zhejiang Leapmotor Technology Company, Ltd., H Shares (A)(B)	17,300		147,595
Zhejiang Longsheng Group Company, Ltd., Class A	6,800		9,536
Zhejiang NHU Company, Ltd., Class A	6,912		23,161
Zhejiang Sanhua Intelligent Controls Company, Ltd., Class A	3,600		24,567
Zhejiang Wanfeng Auto Wheel Company, Ltd., Class A	4,500		11,436
Zhejiang Weiming Environment Protection Company, Ltd., Class A	3,500		9,709

 

69

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
China (continued)
Zhejiang Zheneng Electric Power Company, Ltd., Class A	22,900	$	15,939
Zheshang Securities Company, Ltd., Class A	8,100		13,149
Zhongji Innolight Company, Ltd., Class A	2,240		127,851
Zhongjin Gold Corp., Ltd., Class A	9,800		30,094
Zhongtai Securities Company, Ltd., Class A	14,100		13,796
Zhuzhou CRRC Times Electric Company, Ltd., Class A	1,804		13,387
Zhuzhou CRRC Times Electric Company, Ltd., H Shares	18,000		98,919
Zijin Mining Group Company, Ltd., Class A	41,700		172,535
Zijin Mining Group Company, Ltd., H Shares	203,469		850,708
Zoomlion Heavy Industry Science and Technology Company, Ltd., Class A	14,300		16,117
ZTE Corp., Class A	7,600		48,910
ZTE Corp., H Shares	25,887		117,977
ZTO Express Cayman, Inc.	15,400		291,336
			97,205,712
Colombia - 0.0%
Grupo Cibest SA, ADR	3,847		199,813
Czech Republic - 0.0%
CEZ AS	5,755		357,402
Komercni banka AS	2,506		125,768
Moneta Money Bank AS (B)	9,000		71,829
			554,999
Denmark - 1.2%
A.P. Moller - Maersk A/S, Series A	99		194,197
A.P. Moller - Maersk A/S, Series B	164		322,387
Carlsberg A/S, Class B	3,454		402,038
Coloplast A/S, B Shares	4,442		382,856
Danske Bank A/S	24,190		1,033,265
Demant A/S (A)	3,300		114,880
DSV A/S	7,227		1,443,742
Genmab A/S (A)	2,266		699,170
Novo Nordisk A/S, Class B	114,924		6,399,155
Novonesis A/S, B Shares	12,367		761,115
Orsted A/S (A)(B)	5,901		102,645
Pandora A/S	2,888		377,599
ROCKWOOL A/S, B Shares	3,520		131,230
Tryg A/S	11,535		292,864
Vestas Wind Systems A/S	35,571		676,675
			13,333,818
Egypt - 0.0%
Commercial International Bank Egypt SAE	79,768		168,383
Eastern Company SAE	49,043		43,662
Talaat Moustafa Group	32,709		38,877
			250,922
Finland - 0.7%
Elisa OYJ	4,868		255,513
Fortum OYJ	16,798		318,838
Kesko OYJ, B Shares	9,739		207,265
Kone OYJ, B Shares	12,120		826,697
Metso OYJ	22,595		311,457
Neste OYJ	14,709		270,260
Nokia OYJ	131,593		632,806
Nokia OYJ (Euronext Paris Exchange)	56,247		269,665
Nordea Bank ABP	3,099		51,021

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Finland (continued)
Nordea Bank ABP (Nasdaq Stockholm Exchange)	108,931	$	1,790,862
Orion OYJ, Class B	3,780		290,204
Sampo OYJ, A Shares	86,409		993,442
Stora Enso OYJ, R Shares	20,482		225,403
UPM-Kymmene OYJ	18,718		512,624
Wartsila OYJ ABP	17,716		531,387
			7,487,444
France - 6.5%
Accor SA	6,830		324,497
Aeroports de Paris SA	1,190		157,651
Air Liquide SA	20,625		4,297,367
Airbus SE	21,188		4,947,959
Alstom SA (A)	12,620		330,221
Amundi SA (B)	2,060		163,718
Arkema SA	2,115		134,108
AXA SA	63,180		3,029,807
BioMerieux	1,432		192,201
BNP Paribas SA	36,290		3,319,193
Bollore SE	24,915		141,297
Bouygues SA	6,976		314,644
Bureau Veritas SA	11,003		345,114
Capgemini SE	5,804		846,675
Carrefour SA	19,340		293,094
Cie de Saint-Gobain SA	16,016		1,735,363
Cie Generale des Etablissements Michelin SCA	23,832		858,281
Covivio SA	1,990		134,125
Credit Agricole SA	38,090		750,606
Danone SA	22,899		1,995,269
Dassault Aviation SA	697		234,801
Dassault Systemes SE	23,899		803,989
Edenred SE	8,717		207,593
Eiffage SA	2,589		331,698
Engie SA	65,128		1,400,029
EssilorLuxottica SA	10,790		3,514,891
FDJ UNITED	3,888		130,373
Gecina SA	1,546		155,311
Getlink SE	10,201		188,101
Hermes International SCA	1,129		2,776,262
Ipsen SA	1,268		170,263
Kering SA	2,611		874,941
Klepierre SA	8,046		314,116
Legrand SA	9,260		1,538,656
L'Oreal SA	8,574		3,725,302
LVMH Moet Hennessy Louis Vuitton SE	8,923		5,491,061
Orange SA	66,397		1,077,027
Pernod Ricard SA	7,172		706,090
Publicis Groupe SA	8,062		775,835
Renault SA	6,965		286,390
Rexel SA	7,770		255,814
Safran SA	12,840		4,556,529
Sanofi SA	40,046		3,792,123
Sartorius Stedim Biotech	1,029		209,704
Schneider Electric SE	18,877		5,313,365
Schneider Electric SE (Euronext London Exchange)	623		175,167
Societe Generale SA	25,684		1,709,950
Sodexo SA	3,211		202,596
Teleperformance SE	1,842		137,586
Thales SA	3,332		1,053,296
TotalEnergies SE	73,262		4,462,297
Unibail-Rodamco-Westfield (A)	3,997		420,944
Unibail-Rodamco-Westfield, CHESS Depositary Interest (A)(D)	7,913		41,546

 

70

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Veolia Environnement SA	22,469	$	766,240
Vinci SA	17,653		2,453,278
			74,564,354
Germany - 5.8%
adidas AG	6,053		1,282,522
Allianz SE	13,770		5,793,423
BASF SE	31,826		1,590,166
Bayer AG	35,031		1,166,226
Bayerische Motoren Werke AG	10,337		1,041,841
Beiersdorf AG	3,535		369,889
Brenntag SE	4,572		273,967
Commerzbank AG	27,478		1,040,375
Continental AG	4,004		264,889
Covestro AG (A)	6,482		443,790
CTS Eventim AG & Company KGaA	2,198		215,788
Daimler Truck Holding AG	17,301		715,425
Delivery Hero SE (A)(B)	6,759		194,081
Deutsche Bank AG	65,997		2,337,341
Deutsche Boerse AG	6,714		1,797,953
Deutsche Lufthansa AG	20,091		170,517
Deutsche Telekom AG	124,465		4,240,465
DHL Group	33,971		1,518,078
E.ON SE	80,057		1,507,915
Evonik Industries AG	9,028		156,989
Fresenius Medical Care AG	7,738		408,858
Fresenius SE & Company KGaA	15,063		841,805
GEA Group AG	5,625		415,869
Hannover Rueck SE	2,124		640,937
Heidelberg Materials AG	4,810		1,087,283
Henkel AG & Company KGaA	3,543		262,986
Hensoldt AG	2,267		295,261
Infineon Technologies AG	46,567		1,826,835
Knorr-Bremse AG	2,587		243,408
LEG Immobilien SE	2,553		203,469
Mercedes-Benz Group AG	25,751		1,623,089
Merck KGaA	4,533		588,134
MTU Aero Engines AG	1,919		885,309
Muenchener Rueckversicherungs-Gesellschaft AG	4,770		3,045,529
Nemetschek SE	2,010		262,309
Rational AG	172		131,439
Rheinmetall AG	1,638		3,831,573
RWE AG	22,545		1,002,775
SAP SE	37,235		9,970,341
Scout24 SE (B)	2,729		342,374
Siemens AG	27,100		7,316,421
Siemens Energy AG (A)	24,227		2,848,596
Siemens Healthineers AG (B)	11,899		644,525
Symrise AG	4,743		412,501
Talanx AG	2,354		313,853
Vonovia SE	26,430		825,987
Zalando SE (A)(B)	7,664		235,195
			66,628,301
Greece - 0.2%
Alpha Bank SA	82,858		352,400
Eurobank Ergasias Services and Holdings SA	91,237		352,938
FF Group (A)(D)	1,869		0
Hellenic Telecommunications Organization SA	5,794		109,723
JUMBO SA	3,913		134,299
National Bank of Greece SA	31,216		454,551
OPAP SA	7,073		164,953
Piraeus Financial Holdings SA (A)	36,819		312,750

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Greece (continued)
Public Power Corp. SA	6,989	$	115,184
			1,996,798
Hong Kong - 1.7%
AIA Group, Ltd.	382,200		3,662,991
Alibaba Health Information Technology, Ltd. (A)	194,000		165,217
Beijing Enterprises Holdings, Ltd.	19,786		84,502
Beijing Enterprises Water Group, Ltd.	126,000		38,724
BOC Hong Kong Holdings, Ltd.	132,328		619,926
Bosideng International Holdings, Ltd.	182,000		108,568
C&D International Investment Group, Ltd.	27,256		62,682
China Common Rich Renewable Energy Investments, Ltd. (A)(D)	428,695		0
China Gas Holdings, Ltd.	106,663		104,296
China Merchants Port Holdings Company, Ltd.	52,898		99,035
China Overseas Land & Investment, Ltd.	131,382		241,964
China Power International Development, Ltd.	185,000		76,776
China Resources Beer Holdings Company, Ltd.	55,979		196,956
China Resources Gas Group, Ltd.	30,000		76,357
China Resources Land, Ltd.	110,964		432,481
China Resources Power Holdings Company, Ltd.	76,244		174,638
China Ruyi Holdings, Ltd. (A)	304,000		115,879
China State Construction International Holdings, Ltd.	71,250		90,732
China Taiping Insurance Holdings Company, Ltd.	60,500		118,262
Chow Tai Fook Jewellery Group, Ltd.	80,800		161,470
CK Asset Holdings, Ltd.	68,546		331,975
CK Hutchison Holdings, Ltd.	94,163		618,649
CK Infrastructure Holdings, Ltd.	21,272		139,562
CLP Holdings, Ltd.	58,900		487,356
Far East Horizon, Ltd.	66,000		58,250
Futu Holdings, Ltd., ADR	2,200		382,602
Galaxy Entertainment Group, Ltd.	77,000		423,373
GCL Technology Holdings, Ltd. (A)	759,000		127,787
Geely Automobile Holdings, Ltd.	217,000		543,899
Guangdong Investment, Ltd.	99,220		90,181
Hang Seng Bank, Ltd.	27,319		415,711
Henderson Land Development Company, Ltd.	55,324		194,877
HKT Trust & HKT, Ltd.	145,233		214,730
Hong Kong & China Gas Company, Ltd.	404,091		350,667
Hong Kong Exchanges & Clearing, Ltd.	42,714		2,424,898
Hongkong Land Holdings, Ltd.	37,200		235,484
Jardine Matheson Holdings, Ltd.	5,900		372,332
Kunlun Energy Company, Ltd.	134,000		119,685
Link REIT	90,646		465,738
MTR Corp., Ltd.	59,022		199,883
NetEase Cloud Music, Inc. (A)(B)	3,100		103,177
Orient Overseas International, Ltd.	4,500		72,945
Power Assets Holdings, Ltd.	49,582		313,836
Prudential PLC	92,854		1,299,928
Sino Biopharmaceutical, Ltd.	346,500		361,162
Sino Land Company, Ltd.	138,789		175,474
SITC International Holdings Company, Ltd.	52,000		200,206
Sun Hung Kai Properties, Ltd.	51,130		611,594
Swire Pacific, Ltd., Class A	14,663		124,231
Techtronic Industries Company, Ltd.	51,500		658,336
The Wharf Holdings, Ltd.	37,000		105,744

 

71

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Want Want China Holdings, Ltd.	163,000	$	110,590
WH Group, Ltd. (B)	297,343		322,008
Wharf Real Estate Investment Company, Ltd.	62,876		185,660
			19,473,986
Hungary - 0.1%
MOL Hungarian Oil & Gas PLC	15,526		126,175
OTP Bank NYRT	8,008		692,719
Richter Gedeon NYRT	4,794		145,855
			964,749
India - 4.6%
ABB India, Ltd.	1,809		105,925
Adani Enterprises, Ltd.	5,762		162,926
Adani Ports & Special Economic Zone, Ltd.	19,257		305,009
Adani Power, Ltd. (A)	101,525		165,816
Alkem Laboratories, Ltd.	1,469		89,783
Ambuja Cements, Ltd.	21,958		141,373
APL Apollo Tubes, Ltd.	6,432		121,830
Apollo Hospitals Enterprise, Ltd.	3,469		290,698
Ashok Leyland, Ltd.	99,152		159,620
Asian Paints, Ltd.	13,278		351,846
Astral, Ltd.	4,648		71,691
AU Small Finance Bank, Ltd. (B)	12,818		105,595
Aurobindo Pharma, Ltd.	9,153		112,210
Avenue Supermarts, Ltd. (A)(B)	5,630		283,016
Axis Bank, Ltd.	81,732		1,040,668
Bajaj Auto, Ltd.	2,390		234,373
Bajaj Finance, Ltd.	99,470		1,119,297
Bajaj Finserv, Ltd.	13,664		307,886
Bajaj Holdings & Investment, Ltd.	912		123,271
Balkrishna Industries, Ltd.	2,611		67,594
Bank of Baroda	35,251		102,637
Bharat Electronics, Ltd.	130,326		593,003
Bharat Forge, Ltd.	8,648		117,705
Bharat Heavy Electricals, Ltd.	35,988		96,817
Bharat Petroleum Corp., Ltd.	51,282		196,019
Bharti Airtel, Ltd.	91,497		1,939,853
Bosch, Ltd.	260		112,197
Britannia Industries, Ltd.	3,751		253,739
BSE, Ltd.	6,984		160,590
Canara Bank	63,900		89,247
CG Power & Industrial Solutions, Ltd.	25,283		211,327
Cholamandalam Investment and Finance Company, Ltd.	14,529		263,274
Cipla, Ltd.	19,879		337,650
Coal India, Ltd.	64,781		284,394
Colgate-Palmolive India, Ltd.	4,685		117,631
Container Corp. of India, Ltd.	11,441		67,592
Coromandel International, Ltd.	4,202		106,527
Cummins India, Ltd.	4,680		207,182
Dabur India, Ltd.	21,327		117,913
Divi's Laboratories, Ltd.	4,260		273,997
Dixon Technologies India, Ltd.	1,289		237,424
DLF, Ltd.	25,583		206,007
Dr. Reddy's Laboratories, Ltd.	1,570		21,844
Dr. Reddy's Laboratories, Ltd., ADR	18,540		259,189
Eicher Motors, Ltd.	4,712		372,295
Eternal, Ltd. (A)	86,090		316,339
FSN E-Commerce Ventures, Ltd. (A)	40,782		107,604
GAIL India, Ltd.	3,491		6,932
GAIL India, Ltd., GDR	12,953		149,267
GMR Airports, Ltd. (A)	83,177		81,577
Godrej Consumer Products, Ltd.	14,095		185,523
Godrej Properties, Ltd. (A)	5,627		125,574

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Grasim Industries, Ltd.	9,706	$	302,779
Havells India, Ltd.	8,636		146,201
HCL Technologies, Ltd.	33,867		529,018
HDFC Asset Management Company, Ltd. (B)	3,310		205,896
HDFC Bank, Ltd.	403,838		4,334,636
HDFC Life Insurance Company, Ltd. (B)	33,493		284,786
Hero MotoCorp, Ltd.	4,132		254,835
Hindalco Industries, Ltd.	48,079		413,727
Hindustan Aeronautics, Ltd.	7,067		377,678
Hindustan Petroleum Corp., Ltd.	34,143		170,134
Hindustan Unilever, Ltd.	28,966		821,067
Hitachi Energy India, Ltd.	477		96,701
Hyundai Motor India, Ltd.	5,657		164,621
ICICI Bank, Ltd.	103,117		1,563,807
ICICI Bank, Ltd., ADR	42,418		1,282,296
ICICI Lombard General Insurance Company, Ltd. (B)	8,129		172,717
ICICI Prudential Life Insurance Company, Ltd. (B)	11,948		80,071
IDFC First Bank, Ltd.	119,836		94,311
Indian Oil Corp., Ltd.	97,345		164,281
Indian Railway Catering & Tourism Corp., Ltd.	7,983		62,982
Indus Towers, Ltd. (A)	47,036		182,380
IndusInd Bank, Ltd. (A)	20,069		166,344
Info Edge India, Ltd.	12,707		188,171
Infosys, Ltd.	4,319		70,285
Infosys, Ltd., ADR (E)	114,159		1,857,367
InterGlobe Aviation, Ltd. (B)	6,756		424,461
ITC, Ltd.	107,095		484,292
Jindal Stainless, Ltd.	11,602		97,160
Jindal Steel, Ltd.	15,135		181,286
Jio Financial Services, Ltd.	102,813		339,906
JSW Energy, Ltd.	15,581		93,464
JSW Steel, Ltd.	21,158		271,874
Jubilant Foodworks, Ltd.	13,701		95,409
Kalyan Jewellers India, Ltd.	14,477		74,235
Kotak Mahindra Bank, Ltd.	38,512		864,918
Larsen & Toubro, Ltd.	24,028		992,224
Lodha Developers, Ltd. (B)	10,508		135,092
LTIMindtree, Ltd. (B)	2,498		145,083
Lupin, Ltd.	7,879		170,655
Mahindra & Mahindra, Ltd.	3,736		144,526
Mahindra & Mahindra, Ltd., GDR	29,450		1,131,413
Mankind Pharma, Ltd.	4,645		127,247
Marico, Ltd.	17,795		139,768
Maruti Suzuki India, Ltd.	4,407		796,271
Max Healthcare Institute, Ltd.	26,906		339,444
Mphasis, Ltd.	3,967		118,654
MRF, Ltd.	80		131,584
Muthoot Finance, Ltd.	4,018		139,078
Nestle India, Ltd.	23,356		303,510
NHPC, Ltd.	106,146		103,110
NMDC, Ltd.	106,008		91,469
NTPC, Ltd.	153,697		589,812
Oberoi Realty, Ltd.	4,466		79,976
Oil & Natural Gas Corp., Ltd.	110,780		298,654
Oil India, Ltd.	17,099		79,672
Oracle Financial Services Software, Ltd.	760		71,934
Page Industries, Ltd.	212		97,256
PB Fintech, Ltd. (A)	12,509		239,797
Persistent Systems, Ltd.	3,957		215,176
Petronet LNG, Ltd.	25,955		81,573
PI Industries, Ltd.	2,778		109,752

 

72

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
India (continued)
Pidilite Industries, Ltd.	10,508	$	173,419
Polycab India, Ltd.	1,852		151,963
Power Finance Corp., Ltd.	51,161		236,745
Power Grid Corp. of India, Ltd.	163,799		517,052
Prestige Estates Projects, Ltd.	6,144		104,491
Punjab National Bank	75,867		96,636
Rail Vikas Nigam, Ltd.	18,264		70,328
REC, Ltd.	45,358		189,790
Reliance Industries, Ltd.	47,488		729,406
Reliance Industries, Ltd., GDR (B)	42,453		2,593,209
Samvardhana Motherson International, Ltd.	174,754		208,115
SBI Cards & Payment Services, Ltd.	9,870		97,520
SBI Life Insurance Company, Ltd. (B)	16,080		324,517
Shree Cement, Ltd.	305		101,162
Shriram Finance, Ltd.	50,288		349,680
Siemens, Ltd.	3,067		107,863
Solar Industries India, Ltd.	956		143,858
SRF, Ltd.	4,927		156,644
State Bank of India	3,731		36,679
State Bank of India, GDR	5,914		581,918
Sun Pharmaceutical Industries, Ltd.	34,222		617,489
Sundaram Finance, Ltd.	2,348		111,588
Supreme Industries, Ltd.	2,145		102,515
Suzlon Energy, Ltd. (A)	335,422		207,442
Swiggy, Ltd. (A)	31,144		147,984
Tata Communications, Ltd.	3,897		70,936
Tata Consultancy Services, Ltd.	32,254		1,050,790
Tata Consumer Products, Ltd.	20,545		262,141
Tata Elxsi, Ltd.	1,170		68,884
Tata Motors, Ltd.	72,198		555,138
Tata Steel, Ltd.	26,136		49,788
Tata Steel, Ltd., GDR	23,852		455,154
Tech Mahindra, Ltd.	18,580		292,765
The Indian Hotels Company, Ltd.	30,454		247,349
The Phoenix Mills, Ltd.	6,924		121,213
The Tata Power Company, Ltd.	57,820		253,852
Titan Company, Ltd.	12,663		480,940
Torrent Pharmaceuticals, Ltd.	4,375		177,562
Torrent Power, Ltd.	5,925		81,275
Trent, Ltd.	6,465		341,031
Tube Investments of India, Ltd.	3,625		127,091
TVS Motor Company, Ltd.	8,184		317,619
UltraTech Cement, Ltd.	3,177		438,097
UltraTech Cement, Ltd., GDR	1,026		141,232
Union Bank of India, Ltd.	51,073		79,798
United Spirits, Ltd.	10,125		152,239
UPL, Ltd.	17,111		126,748
Varun Beverages, Ltd.	47,086		235,324
Vedanta, Ltd.	47,644		249,967
Vishal Mega Mart, Ltd. (A)	74,851		125,375
Vodafone Idea, Ltd. (A)	832,452		76,985
Voltas, Ltd.	7,546		114,571
WAAREE Energies, Ltd. (A)	3,075		115,319
Wipro, Ltd.	2,274		6,127
Wipro, Ltd., ADR (E)	88,126		231,771
Yes Bank, Ltd. (A)	506,651		121,442
Zydus Lifesciences, Ltd.	8,814		97,819
			52,290,477
Indonesia - 0.3%
Amman Mineral Internasional PT (A)	517,500		224,312
Astra International Tbk PT	721,800		250,321
Bank Central Asia Tbk PT	1,978,100		905,891
Bank Mandiri Persero Tbk PT	1,309,248		346,020
Bank Negara Indonesia Persero Tbk PT	553,000		136,426

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Indonesia (continued)
Bank Rakyat Indonesia Persero Tbk PT	2,431,948	$	570,006
Barito Pacific Tbk PT (A)	733,695		165,367
Chandra Asri Pacific Tbk PT	308,500		143,175
Charoen Pokphand Indonesia Tbk PT	276,000		77,250
Dian Swastatika Sentosa Tbk PT (A)	34,350		219,071
GoTo Gojek Tokopedia Tbk PT (A)	31,738,300		103,153
Indofood CBP Sukses Makmur Tbk PT	74,500		42,402
Indofood Sukses Makmur Tbk PT	147,500		63,999
Kalbe Farma Tbk PT	855,000		58,136
Petrindo Jaya Kreasi Tbk PT	802,300		78,237
Sumber Alfaria Trijaya Tbk PT	655,300		75,973
Telkom Indonesia Persero Tbk PT	1,699,700		312,960
Telkom Indonesia Persero Tbk PT, ADR	358		6,738
United Tractors Tbk PT	55,279		88,895
			3,868,332
Ireland - 0.8%
AerCap Holdings NV	6,800		822,800
AIB Group PLC	74,725		681,250
Bank of Ireland Group PLC	36,548		605,139
DCC PLC	3,357		216,097
Experian PLC	32,652		1,640,017
James Hardie Industries PLC, CHESS Depositary Interest (A)	20,648		383,214
Kerry Group PLC, Class A	544		49,111
Kerry Group PLC, Class A (London Stock Exchange)	5,260		476,238
Kingspan Group PLC	226		18,896
Kingspan Group PLC (London Stock Exchange) (A)	5,232		435,399
PDD Holdings, Inc., ADR (A)	25,300		3,343,901
Ryanair Holdings PLC	30,317		885,939
			9,558,001
Israel - 0.6%
Azrieli Group, Ltd.	1,424		141,259
Bank Hapoalim BM	44,745		909,540
Bank Leumi Le-Israel BM	54,437		1,072,550
Check Point Software Technologies, Ltd. (A)	3,116		644,732
CyberArk Software, Ltd. (A)	1,700		821,355
Elbit Systems, Ltd.	969		492,973
ICL Group, Ltd.	27,153		169,550
Isracard, Ltd.	1		2
Israel Discount Bank, Ltd., Class A	44,642		441,051
Mizrahi Tefahot Bank, Ltd.	5,543		364,207
Monday.com, Ltd. (A)	1,400		271,166
Nice, Ltd. (A)	2,200		318,701
Nova, Ltd. (A)	1,046		332,624
Teva Pharmaceutical Industries, Ltd. (A)	33,126		668,406
Teva Pharmaceutical Industries, Ltd., ADR (A)	8,700		175,740
The Phoenix Holdings, Ltd.	8,063		301,912
Wix.com, Ltd. (A)	1,900		337,497
			7,463,265
Italy - 1.9%
Banca Mediolanum SpA	7,974		160,156
Banco BPM SpA	45,364		680,847
BPER Banca SpA	52,183		580,389
Davide Campari-Milano NV	21,368		135,122
Enel SpA	290,019		2,748,383
Eni SpA	72,987		1,276,990
Ferrari NV	4,495		2,178,825
FinecoBank SpA	22,046		478,480
Generali	30,416		1,195,353
Infrastrutture Wireless Italiane SpA (B)	11,205		131,675

 

73

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Intesa Sanpaolo SpA	508,240	$	3,364,139
Leonardo SpA	14,406		921,794
Mediobanca Banca di Credito Finanziario SpA	18,112		367,057
Moncler SpA	8,302		488,602
Nexi SpA (B)	20,345		115,261
Poste Italiane SpA (B)	16,613		394,909
Prysmian SpA	10,020		997,208
Recordati Industria Chimica e Farmaceutica SpA	4,175		254,822
Snam SpA	70,720		424,620
Telecom Italia SpA (A)	387,741		203,154
Terna - Rete Elettrica Nazionale	49,344		500,768
UniCredit SpA	49,989		3,803,926
Unipol Assicurazioni SpA	13,849		297,721
			21,700,201
Japan - 13.6%
Advantest Corp.	27,200		2,691,242
Aeon Company, Ltd.	79,500		964,991
AGC, Inc.	7,300		238,070
Aisin Corp.	19,100		329,860
Ajinomoto Company, Inc.	33,000		946,084
ANA Holdings, Inc.	5,300		102,393
Asahi Group Holdings, Ltd.	51,700		619,827
Asahi Kasei Corp.	42,800		336,396
Asics Corp.	24,900		651,570
Astellas Pharma, Inc.	63,300		689,969
Bandai Namco Holdings, Inc.	20,997		698,602
Bridgestone Corp.	20,100		928,984
Canon, Inc.	33,300		971,797
Capcom Company, Ltd.	12,000		325,812
Central Japan Railway Company	27,200		779,814
Chubu Electric Power Company, Inc.	22,000		305,536
Chugai Pharmaceutical Company, Ltd.	23,800		1,055,161
Concordia Financial Group, Ltd.	39,100		299,352
Dai Nippon Printing Company, Ltd.	14,000		238,066
Daifuku Company, Ltd.	11,700		374,446
Dai-ichi Life Holdings, Inc.	128,700		1,012,376
Daiichi Sankyo Company, Ltd.	62,000		1,395,012
Daikin Industries, Ltd.	9,400		1,083,464
Daito Trust Construction Company, Ltd.	10,000		219,412
Daiwa House Industry Company, Ltd.	20,800		747,032
Daiwa Securities Group, Inc.	47,000		381,925
Denso Corp.	67,500		971,439
Disco Corp.	3,300		1,034,683
East Japan Railway Company	34,400		841,384
Eisai Company, Ltd.	9,600		324,315
ENEOS Holdings, Inc.	98,411		623,257
FANUC Corp.	33,400		959,814
Fast Retailing Company, Ltd.	6,800		2,065,239
Fuji Electric Company, Ltd.	4,600		308,355
FUJIFILM Holdings Corp.	39,900		992,245
Fujikura, Ltd.	8,800		860,789
Fujitsu, Ltd.	62,600		1,468,491
Hankyu Hanshin Holdings, Inc.	8,400		247,708
Hikari Tsushin, Inc.	600		167,141
Hitachi, Ltd.	163,400		4,328,967
Honda Motor Company, Ltd.	141,300		1,458,120
Hoya Corp.	12,300		1,700,724
Hulic Company, Ltd.	15,600		170,888
Idemitsu Kosan Company, Ltd.	30,730		210,242
IHI Corp.	36,400		677,924
Inpex Corp.	30,900		556,375
Isuzu Motors, Ltd.	19,800		249,547
ITOCHU Corp.	42,400		2,412,491

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Japan Airlines Company, Ltd.	4,700	$	94,636
Japan Exchange Group, Inc.	35,900		400,894
Japan Post Bank Company, Ltd.	64,300		787,348
Japan Post Holdings Company, Ltd.	67,400		668,965
Japan Post Insurance Company, Ltd.	6,400		181,383
Japan Tobacco, Inc.	42,500		1,393,874
JFE Holdings, Inc.	19,800		242,968
Kajima Corp.	15,100		440,087
Kao Corp.	16,600		723,445
Kawasaki Heavy Industries, Ltd.	5,400		356,397
Kawasaki Kisen Kaisha, Ltd.	14,100		200,486
KDDI Corp.	112,100		1,787,830
Keyence Corp.	6,896		2,569,178
Kikkoman Corp.	23,100		195,623
Kirin Holdings Company, Ltd.	27,200		398,510
Kobe Bussan Company, Ltd.	5,500		151,582
Komatsu, Ltd.	33,900		1,180,981
Konami Group Corp.	3,600		519,343
Kubota Corp.	35,000		439,754
Kyocera Corp.	45,000		604,516
Kyowa Kirin Company, Ltd.	9,473		148,086
Lasertec Corp.	2,800		383,054
LY Corp.	99,300		318,754
M3, Inc.	16,200		262,251
Makita Corp.	8,700		281,979
Marubeni Corp.	50,200		1,252,601
MatsukiyoCocokara & Company	11,700		237,496
MEIJI Holdings Company, Ltd.	8,200		170,030
MINEBEA MITSUMI, Inc.	12,500		234,885
Mitsubishi Chemical Group Corp.	46,900		269,400
Mitsubishi Corp.	114,800		2,736,762
Mitsubishi Electric Corp.	67,400		1,731,084
Mitsubishi Estate Company, Ltd.	37,900		871,087
Mitsubishi HC Capital, Inc.	32,100		265,168
Mitsubishi Heavy Industries, Ltd.	114,300		2,991,127
Mitsubishi UFJ Financial Group, Inc.	408,800		6,594,504
Mitsui & Company, Ltd.	89,200		2,214,943
Mitsui Fudosan Company, Ltd.	94,100		1,024,383
Mitsui OSK Lines, Ltd.	12,000		364,314
Mizuho Financial Group, Inc.	89,710		3,015,678
MonotaRO Company, Ltd.	9,000		130,669
MS&AD Insurance Group Holdings, Inc.	45,900		1,039,448
Murata Manufacturing Company, Ltd.	59,500		1,129,551
NEC Corp.	46,200		1,478,820
Nexon Company, Ltd.	11,400		250,180
Nidec Corp.	29,200		519,026
Nintendo Company, Ltd.	39,400		3,408,858
Nippon Building Fund, Inc.	280		264,205
Nippon Paint Holdings Company, Ltd.	33,800		230,596
Nippon Sanso Holdings Corp.	6,500		230,202
Nippon Steel Corp.	173,000		712,542
Nippon Yusen KK	15,400		525,527
Nissan Motor Company, Ltd. (A)	75,800		184,344
Nissin Foods Holdings Company, Ltd.	7,100		133,733
Nitori Holdings Company, Ltd.	14,000		270,694
Nitto Denko Corp.	25,000		592,618
Nomura Holdings, Inc.	105,900		776,106
Nomura Research Institute, Ltd.	13,346		512,380
NTT, Inc.	1,065,500		1,113,789
Obayashi Corp.	22,500		369,304
Obic Company, Ltd.	11,700		407,785
Olympus Corp.	40,500		512,042
Oracle Corp. Japan	1,500		153,155
Oriental Land Company, Ltd.	38,300		921,998
ORIX Corp.	41,100		1,078,710

 

74

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Osaka Gas Company, Ltd.	13,200	$	382,320
Otsuka Corp.	7,600		158,644
Otsuka Holdings Company, Ltd.	15,600		831,959
Pan Pacific International Holdings Corp.	67,000		441,124
Panasonic Holdings Corp.	82,100		891,121
Rakuten Group, Inc. (A)	52,800		342,390
Recruit Holdings Company, Ltd.	47,400		2,548,406
Renesas Electronics Corp.	60,000		690,311
Resona Holdings, Inc.	73,400		748,482
Ryohin Keikaku Company, Ltd.	18,000		358,149
Sanrio Company, Ltd.	6,400		300,416
SBI Holdings, Inc.	9,513		414,172
SCREEN Holdings Company, Ltd.	2,800		253,714
SCSK Corp.	5,400		161,639
Secom Company, Ltd.	14,800		542,973
Sekisui Chemical Company, Ltd.	13,400		249,463
Sekisui House, Ltd.	21,400		486,691
Seven & i Holdings Company, Ltd.	78,500		1,053,345
SG Holdings Company, Ltd.	12,400		128,084
Shimadzu Corp.	8,000		201,740
Shimano, Inc.	2,700		301,748
Shin-Etsu Chemical Company, Ltd.	60,200		1,971,160
Shionogi & Company, Ltd.	26,400		465,164
Shiseido Company, Ltd.	14,000		238,985
SMC Corp.	2,000		618,184
SoftBank Corp.	1,020,800		1,501,391
SoftBank Group Corp.	34,100		4,302,755
Sompo Holdings, Inc.	31,600		976,931
Sony Financial Group, Inc. (A)	219,300		243,197
Sony Group Corp.	219,300		6,304,152
Subaru Corp.	20,800		423,889
Sumitomo Corp.	38,900		1,125,493
Sumitomo Electric Industries, Ltd.	25,800		734,115
Sumitomo Metal Mining Company, Ltd.	9,200		296,194
Sumitomo Mitsui Financial Group, Inc.	131,500		3,699,471
Sumitomo Mitsui Trust Group, Inc.	23,100		670,455
Sumitomo Realty & Development Company, Ltd.	11,000		485,203
Suntory Beverage & Food, Ltd.	5,000		156,270
Suzuki Motor Corp.	55,100		802,194
Sysmex Corp.	18,000		222,522
T&D Holdings, Inc.	16,900		413,099
Taisei Corp.	5,800		398,560
Takeda Pharmaceutical Company, Ltd.	56,776		1,667,533
TDK Corp.	69,300		1,003,520
Terumo Corp.	47,000		775,336
The Chiba Bank, Ltd.	21,600		226,421
The Kansai Electric Power Company, Inc.	32,900		470,596
TIS, Inc.	7,800		257,284
Toho Company, Ltd.	4,067		261,439
Tokio Marine Holdings, Inc.	65,500		2,772,165
Tokyo Electron, Ltd.	16,000		2,836,271
Tokyo Gas Company, Ltd.	12,600		448,039
Tokyo Metro Company, Ltd.	10,100		115,759
Tokyu Corp.	17,900		218,298
TOPPAN Holdings, Inc.	8,300		212,663
Toray Industries, Inc.	50,800		324,092
Toyota Industries Corp.	5,800		652,317
Toyota Motor Corp.	337,900		6,489,863
Toyota Tsusho Corp.	24,600		680,985
Trend Micro, Inc.	4,600		251,771
Unicharm Corp.	40,500		262,671
West Japan Railway Company	16,200		355,232
Yakult Honsha Company, Ltd.	8,686		141,640

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Yamaha Motor Company, Ltd.	31,500	$	235,849
Yokogawa Electric Corp.	7,886		226,317
Zensho Holdings Company, Ltd.	3,400		222,113
ZOZO, Inc.	14,400		132,317
			155,445,765
Luxembourg - 0.1%
ArcelorMittal SA	16,521		596,012
CVC Capital Partners PLC (B)	7,461		130,278
Eurofins Scientific SE	4,949		360,914
Reinet Investments SCA	5,229		152,846
Tenaris SA	15,170		271,818
Zabka Group SA (A)	10,443		67,513
			1,579,381
Macau - 0.0%
Sands China, Ltd.	82,400		228,964
Malaysia - 0.4%
AMMB Holdings BHD	80,487		108,081
Axiata Group BHD	101,690		64,799
CELCOMDIGI BHD	124,000		109,045
CIMB Group Holdings BHD	280,228		489,655
Gamuda BHD	168,617		222,088
Hong Leong Bank BHD	23,269		113,482
IHH Healthcare BHD	75,900		136,135
IOI Corp. BHD	81,966		76,940
Kuala Lumpur Kepong BHD	18,132		88,785
Malayan Banking BHD	215,514		507,416
Maxis BHD	82,800		71,268
MISC BHD	45,780		79,441
Mr. D.I.Y Group M BHD (B)	115,950		45,242
Nestle Malaysia BHD	2,800		64,045
Petronas Chemicals Group BHD	99,800		100,518
Petronas Dagangan BHD	12,200		66,521
Petronas Gas BHD	27,300		120,022
Press Metal Aluminium Holdings BHD	130,600		183,479
Public Bank BHD	510,590		526,013
QL Resources BHD	52,700		54,364
RHB Bank BHD	62,165		97,457
SD Guthrie BHD	70,286		87,176
Sunway BHD	80,500		108,160
Telekom Malaysia BHD	43,415		73,087
Tenaga Nasional BHD	101,250		318,286
YTL Corp. BHD	113,900		75,404
YTL Power International BHD	84,300		84,506
			4,071,415
Mexico - 0.6%
Alfa SAB de CV, Class A	113,043		90,676
America Movil SAB de CV, Series B	657,032		689,554
Arca Continental SAB de CV	17,800		186,957
Cemex SAB de CV, Series CPO	540,349		485,661
Coca-Cola Femsa SAB de CV	18,112		150,278
Fibra Uno Administracion SA de CV	101,500		150,530
Fomento Economico Mexicano SAB de CV	61,420		605,195
Fresnillo PLC	7,889		251,649
Gruma SAB de CV, Class B	6,020		112,090
Grupo Aeroportuario del Centro Norte SAB de CV	9,800		126,487
Grupo Aeroportuario del Pacifico SAB de CV, B Shares	14,200		334,439
Grupo Aeroportuario del Sureste SAB de CV, B Shares	6,560		211,875
Grupo Bimbo SAB de CV, Series A	44,984		159,809
Grupo Carso SAB de CV, Series A1	19,322		139,364
Grupo Comercial Chedraui SA de CV	10,100		80,277

 

75

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mexico (continued)
Grupo Financiero Banorte SAB de CV, Series O	91,362	$	917,586
Grupo Financiero Inbursa SAB de CV, Series O	63,138		174,277
Grupo Mexico SAB de CV, Series B	109,666		954,289
Industrias Penoles SAB de CV (A)	6,883		307,526
Kimberly-Clark de Mexico SAB de CV, Class A	52,378		110,285
Prologis Property Mexico SA de CV	39,046		159,907
Promotora y Operadora de Infraestructura SAB de CV	5,800		79,392
Qualitas Controladora SAB de CV	7,000		63,825
Wal-Mart de Mexico SAB de CV	186,588		576,468
			7,118,396
Netherlands - 3.2%
ABN AMRO Bank NV (B)	20,808		667,513
Adyen NV (A)(B)	898		1,444,957
Aegon, Ltd.	46,032		371,111
Akzo Nobel NV	6,168		440,197
Argenx SE (A)	2,177		1,608,480
ASM International NV	1,671		1,007,866
ASML Holding NV	14,043		13,694,582
ASR Nederland NV	5,748		391,148
BE Semiconductor Industries NV	2,940		440,209
Euronext NV (B)	2,829		423,535
EXOR NV	3,503		342,859
Ferrovial SE	18,210		1,045,990
Heineken Holding NV	4,565		313,448
Heineken NV	10,270		804,236
IMCD NV	2,151		222,946
ING Groep NV	107,820		2,826,590
JDE Peet's NV	6,358		233,261
Koninklijke Ahold Delhaize NV	32,723		1,324,123
Koninklijke KPN NV	139,041		667,334
Koninklijke Philips NV	27,488		753,010
NEPI Rockcastle NV (A)	22,555		180,726
NN Group NV	9,653		680,708
Prosus NV (A)	46,689		3,301,622
QIAGEN NV	7,706		343,715
Randstad NV	3,735		159,258
Stellantis NV	37,873		351,522
Stellantis NV (Euronext Paris Exchange)	34,423		320,978
Universal Music Group NV	39,232		1,133,708
Wolters Kluwer NV	8,505		1,160,934
			36,656,566
New Zealand - 0.2%
Auckland International Airport, Ltd.	59,105		270,170
Contact Energy, Ltd.	28,583		150,810
Fisher & Paykel Healthcare Corp., Ltd.	20,719		444,993
Infratil, Ltd.	32,635		233,902
Meridian Energy, Ltd.	47,713		154,040
Xero, Ltd. (A)	5,874		612,923
			1,866,838
Norway - 0.4%
Aker BP ASA	10,753		272,904
DNB Bank ASA	31,611		861,589
Equinor ASA	29,876		728,559
Gjensidige Forsikring ASA	6,934		203,767
Kongsberg Gruppen ASA	15,685		501,251
Mowi ASA	16,033		339,188
Norsk Hydro ASA	48,185		327,616
Orkla ASA	24,150		252,484
Salmar ASA	2,325		124,326
Telenor ASA	21,695		359,996

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Norway (continued)
Yara International ASA	5,667	$	207,718
			4,179,398
Peru - 0.1%
Cia de Minas Buenaventura SAA, ADR	5,764		140,238
Credicorp, Ltd.	2,434		648,126
			788,364
Philippines - 0.1%
Ayala Corp.	8,920		74,016
Ayala Land, Inc.	253,800		106,279
Bank of the Philippine Islands	77,991		154,198
BDO Unibank, Inc.	85,293		194,860
International Container Terminal Services, Inc.	35,820		290,497
Jollibee Foods Corp.	18,900		69,410
Manila Electric Company	9,930		90,416
Metropolitan Bank & Trust Company	65,642		76,723
PLDT, Inc.	2,420		45,723
SM Investments Corp.	8,302		104,875
SM Prime Holdings, Inc.	348,244		134,388
			1,341,385
Poland - 0.3%
Allegro.eu SA (A)(B)	22,612		221,861
Bank Millennium SA (A)	21,629		86,194
Bank Polska Kasa Opieki SA	6,330		305,064
Budimex SA	455		63,787
CCC SA (A)	1,923		96,299
CD Projekt SA	2,349		175,132
Dino Polska SA (A)(B)	17,190		207,202
InPost SA (A)	8,484		104,452
KGHM Polska Miedz SA (A)	4,931		217,457
LPP SA	42		204,511
mBank SA (A)	508		126,047
ORLEN SA	21,026		500,984
PGE Polska Grupa Energetyczna SA (A)	36,175		106,956
Powszechna Kasa Oszczednosci Bank Polski SA	31,391		609,948
Powszechny Zaklad Ubezpieczen SA	21,961		328,871
Santander Bank Polska SA	1,488		193,480
			3,548,245
Portugal - 0.1%
Banco Comercial Portugues SA	296,627		263,330
EDP SA	110,532		524,582
Galp Energia SGPS SA	16,011		303,405
Jeronimo Martins SGPS SA	9,675		235,540
			1,326,857
Russia - 0.0%
Gazprom PJSC, ADR (A)(D)	3,680		0
Gazprom PJSC, ADR (London Stock Exchange) (A)(D)	251,662		0
LUKOIL PJSC, ADR (A)(D)	23,756		0
MMC Norilsk Nickel PJSC, ADR (A)(D)	39,185		0
Mobile TeleSystems PJSC, ADR (A)(D)	20,264		0
Novatek PJSC, GDR (A)(D)	3,057		0
Rosneft Oil Company PJSC, GDR (A)(D)	30,000		0
Rosneft Oil Company PJSC, GDR (London Stock Exchange) (A)(D)	9,131		0
Sberbank of Russia PJSC, ADR (A)(D)	40,000		0
Sberbank of Russia PJSC, ADR (London Stock Exchange) (A)(D)	34,900		0
Severstal PAO, GDR (A)(D)	4,250		0
Surgutneftegas PJSC, ADR (A)(D)	22,274		0

 

76

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Russia (continued)
Surgutneftegas PJSC, ADR (London Stock Exchange) (A)(D)	23,070	$	0
Tatneft PJSC, ADR (A)(D)	7,986		0
VTB Bank PJSC, GDR (A)(D)	50,760		0
			0
Saudi Arabia - 1.0%
ACWA Power Company (A)	5,400		308,436
Ades Holding Company	11,669		50,700
Al Rajhi Bank	69,890		1,997,120
Al Rajhi Company for Co-operative Insurance (A)	1,402		45,380
Alinma Bank	43,373		309,552
Almarai Company JSC	17,058		228,823
Arab National Bank	31,564		208,072
Arabian Internet & Communications Services Company	812		55,753
Bank AlBilad	26,130		200,831
Bank Al-Jazira (A)	22,318		76,312
Banque Saudi Fransi	42,947		204,523
Bupa Arabia for Cooperative Insurance Company	2,820		124,017
Dallah Healthcare Company	1,169		46,995
Dar Al Arkan Real Estate Development Company (A)	18,814		100,035
Dr Sulaiman Al Habib Medical Services Group Company	2,961		213,150
Elm Company	856		204,490
Etihad Etisalat Company	13,413		241,772
Jabal Omar Development Company (A)	20,618		106,778
Jarir Marketing Company	20,900		77,768
Makkah Construction & Development Company	3,494		83,111
Mouwasat Medical Services Company	3,348		65,811
Nahdi Medical Company	1,333		42,306
Riyad Bank	53,160		385,453
SABIC Agri-Nutrients Company	7,973		253,579
Sahara International Petrochemical Company	12,775		69,530
SAL Saudi Logistics Services	1,284		62,029
Saudi Arabian Mining Company (A)	47,527		811,190
Saudi Arabian Oil Company (B)	215,731		1,416,497
Saudi Aramco Base Oil Company	1,730		41,210
Saudi Awwal Bank	35,311		302,143
Saudi Basic Industries Corp.	31,563		518,137
Saudi Electricity Company	29,505		119,582
Saudi Research & Media Group (A)	1,230		59,915
Saudi Tadawul Group Holding Company	1,623		89,116
Saudi Telecom Company	71,316		838,614
The Company for Cooperative Insurance	2,532		91,866
The Saudi Investment Bank	20,926		79,565
The Saudi National Bank	104,835		1,094,786
Yanbu National Petrochemical Company	9,666		90,082
			11,315,029
Singapore - 1.2%
BOC Aviation, Ltd. (B)	7,400		66,116
CapitaLand Ascendas REIT	128,702		278,510
CapitaLand Integrated Commercial Trust	212,140		376,749
CapitaLand Investment, Ltd.	78,802		164,574
DBS Group Holdings, Ltd.	75,989		3,013,555
Genting Singapore, Ltd.	226,200		128,957
Grab Holdings, Ltd., Class A (A)	82,400		496,048
Keppel, Ltd.	51,969		359,717
Oversea-Chinese Banking Corp., Ltd.	120,702		1,538,904
Sea, Ltd., ADR (A)	13,600		2,430,728
Sembcorp Industries, Ltd.	30,200		141,100

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Airlines, Ltd.	51,250	$	259,090
Singapore Exchange, Ltd.	30,900		396,675
Singapore Technologies Engineering, Ltd.	56,800		379,284
Singapore Telecommunications, Ltd.	265,040		847,351
Trip.com Group, Ltd.	22,150		1,679,802
United Overseas Bank, Ltd.	45,008		1,208,710
Wilmar International, Ltd.	72,000		159,228
			13,925,098
South Africa - 0.9%
Absa Group, Ltd.	29,798		312,711
Bid Corp., Ltd.	11,763		293,893
Capitec Bank Holdings, Ltd.	3,067		618,876
Clicks Group, Ltd.	8,355		170,400
Discovery, Ltd.	18,977		216,733
E Media Holdings, Ltd.	7,461		778
FirstRand, Ltd.	180,021		809,408
Gold Fields, Ltd.	32,013		1,340,556
Harmony Gold Mining Company, Ltd.	20,728		374,514
Impala Platinum Holdings, Ltd.	31,717		404,480
MTN Group, Ltd.	59,164		497,866
Naspers, Ltd., N Shares	5,574		2,025,433
Nedbank Group, Ltd.	16,333		202,154
Old Mutual, Ltd.	182,601		139,211
OUTsurance Group, Ltd.	28,715		119,229
Pepkor Holdings, Ltd. (B)	125,200		176,333
Remgro, Ltd.	17,781		172,968
Sanlam, Ltd.	65,358		316,357
Sasol, Ltd. (A)	19,396		120,697
Shoprite Holdings, Ltd.	17,628		280,071
Sibanye Stillwater, Ltd. (A)	101,005		285,698
Standard Bank Group, Ltd.	46,185		631,860
The Bidvest Group, Ltd.	11,986		147,083
Valterra Platinum, Ltd.	3,518		251,061
Valterra Platinum, Ltd. (London Stock Exchange)	4,636		330,923
Vodacom Group, Ltd.	21,952		169,625
			10,408,918
South Korea - 3.2%
Alteogen, Inc. (A)	1,400		460,753
Amorepacific Corp.	975		85,112
Celltrion, Inc.	5,842		722,813
Coway Company, Ltd.	1,819		127,668
DB Insurance Company, Ltd.	1,585		156,642
Doosan Bobcat, Inc. (A)	1,900		75,169
Doosan Company, Ltd.	265		102,193
Doosan Enerbility Company, Ltd. (A)	15,989		714,500
Ecopro BM Company, Ltd. (A)	1,656		133,637
Ecopro Company, Ltd.	3,437		116,476
Hana Financial Group, Inc.	10,253		637,480
Hanjin Kal Corp.	920		65,906
Hankook Tire & Technology Company, Ltd.	2,561		70,001
Hanmi Semiconductor Company, Ltd.	1,497		103,232
Hanwha Aerospace Company, Ltd.	1,221		965,610
Hanwha Ocean Company, Ltd. (A)	4,374		344,267
Hanwha Systems Company, Ltd.	2,695		114,558
HD Hyundai Company, Ltd.	1,555		172,546
HD Hyundai Electric Company, Ltd.	867		360,617
HD Hyundai Heavy Industries Company, Ltd.	768		282,089
HD Korea Shipbuilding & Offshore Engineering Company, Ltd.	1,463		428,687
HLB, Inc. (A)	4,042		108,970
HMM Company, Ltd.	9,425		135,064

 

77

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
HYBE Company, Ltd. (A)	858	$	162,967
Hyosung Heavy Industries Corp.	200		191,900
Hyundai Glovis Company, Ltd.	1,298		153,126
Hyundai Mobis Company, Ltd.	2,188		465,508
Hyundai Motor Company	4,858		744,748
Hyundai Rotem Company, Ltd.	2,681		419,096
Industrial Bank of Korea	9,540		132,367
Kakao Corp.	10,776		458,830
KakaoBank Corp.	5,704		96,616
KB Financial Group, Inc.	13,290		1,096,901
Kia Corp.	8,406		603,356
Korea Aerospace Industries, Ltd.	2,519		194,502
Korea Electric Power Corp.	7,018		181,070
Korea Electric Power Corp., ADR	4,277		55,815
Korea Investment Holdings Company, Ltd.	1,446		149,550
Korea Zinc Company, Ltd.	182		119,511
Korean Air Lines Company, Ltd.	6,728		109,085
Krafton, Inc. (A)	992		207,133
KT&G Corp.	3,672		349,788
LG Chem, Ltd.	1,733		344,033
LG Corp.	3,251		166,990
LG Display Company, Ltd. (A)	9,494		97,475
LG Display Company, Ltd., ADR (A)	2,454		12,810
LG Electronics, Inc.	3,973		214,308
LG Energy Solution, Ltd. (A)	1,620		401,981
LG H&H Company, Ltd.	358		73,067
LG Uplus Corp.	9,062		99,120
LIG Nex1 Company, Ltd.	471		172,969
LS Electric Company, Ltd.	526		106,991
Meritz Financial Group, Inc.	3,559		288,695
Mirae Asset Securities Company, Ltd.	7,084		108,183
NAVER Corp.	5,085		975,744
NH Investment & Securities Company, Ltd.	5,165		71,523
Orion Corp.	821		60,620
POSCO Future M Company, Ltd. (A)	1,184		121,272
POSCO Holdings, Inc.	2,532		497,666
Posco International Corp.	1,782		61,596
Samsung Biologics Company, Ltd. (A)(B)	634		451,819
Samsung C&T Corp.	3,239		426,534
Samsung Electro-Mechanics Company, Ltd.	1,973		272,381
Samsung Electronics Company, Ltd.	168,789		10,118,952
Samsung Fire & Marine Insurance Company, Ltd.	1,085		349,241
Samsung Heavy Industries Company, Ltd. (A)	25,103		392,048
Samsung Life Insurance Company, Ltd.	2,756		307,977
Samsung SDI Company, Ltd.	2,173		318,058
Samsung SDS Company, Ltd.	1,499		175,499
Samyang Foods Company, Ltd.	148		161,304
Shinhan Financial Group Company, Ltd.	14,733		742,808
Shinhan Financial Group Company, Ltd., ADR	350		17,630
SK Biopharmaceuticals Company, Ltd. (A)	1,071		77,715
SK Hynix, Inc.	19,469		4,826,324
SK Innovation Company, Ltd.	2,538		181,936
SK Square Company, Ltd. (A)	3,395		489,015
SK Telecom Company, Ltd.	1,870		72,491
SK, Inc.	1,269		190,047
S-Oil Corp. (A)	1,876		83,340
Woori Financial Group, Inc.	22,973		425,440

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
South Korea (continued)
Yuhan Corp.	1,941	$	165,448
			36,496,909
Spain - 2.1%
Acciona SA	843		169,392
ACS Actividades de Construccion y Servicios SA	6,681		535,538
Aena SME SA (B)	26,740		731,055
Amadeus IT Group SA	16,064		1,276,926
Banco Bilbao Vizcaya Argentaria SA	205,508		3,960,075
Banco de Sabadell SA	191,623		747,946
Banco Santander SA	508,307		5,334,349
Banco Santander SA (Mexican Stock Exchange)	22,856		249,483
Bankinter SA	24,039		380,017
CaixaBank SA	140,517		1,484,132
Cellnex Telecom SA (A)(B)	18,445		638,889
EDP Renovaveis SA	11,064		146,228
Endesa SA	11,538		368,690
Grifols SA	11,763		171,259
Iberdrola SA	226,490		4,287,316
Industria de Diseno Textil SA	38,897		2,152,715
Redeia Corp. SA	14,812		285,986
Repsol SA	40,430		718,937
Telefonica SA	139,075		715,710
			24,354,643
Sweden - 2.2%
AddTech AB, B Shares	9,107		296,253
Alfa Laval AB	10,147		463,365
Assa Abloy AB, B Shares	35,740		1,244,033
Atlas Copco AB, A Shares	95,780		1,624,235
Atlas Copco AB, B Shares	55,658		837,511
Beijer Ref AB	13,260		207,277
Boliden AB (A)	10,135		413,694
Epiroc AB, A Shares	23,702		501,773
Epiroc AB, B Shares	13,906		263,080
EQT AB	13,277		460,465
Essity AB, B Shares	21,462		560,998
Evolution AB (B)	5,948		489,663
Fastighets AB Balder, B Shares (A)	24,258		173,821
Hennes & Mauritz AB, B Shares	20,222		378,024
Hexagon AB, B Shares	74,033		883,447
Holmen AB, B Shares	2,519		95,707
Industrivarden AB, A Shares	4,345		172,616
Industrivarden AB, C Shares	5,545		220,101
Indutrade AB	9,332		214,706
Investment AB Latour, B Shares	5,009		118,936
Investor AB, B Shares	61,718		1,932,040
L.E. Lundbergforetagen AB, B Shares	2,535		131,719
Lifco AB, B Shares	8,478		287,062
Nibe Industrier AB, B Shares	51,776		204,643
Saab AB, B Shares	11,464		704,374
Sagax AB, B Shares	7,738		161,659
Sandvik AB	38,020		1,062,103
Securitas AB, B Shares	17,323		261,111
Skandinaviska Enskilda Banken AB, A Shares	55,895		1,095,964
Skanska AB, B Shares	12,135		314,975
SKF AB, B Shares	12,164		302,533
Spotify Technology SA (A)	5,500		3,839,000
Svenska Cellulosa AB SCA, B Shares	20,883		276,418
Svenska Handelsbanken AB, A Shares	52,019		678,725
Swedbank AB, A Shares	30,274		913,842
Swedish Orphan Biovitrum AB (A)	6,982		213,427
Tele2 AB, B Shares	18,899		322,390

 

78

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Telefonaktiebolaget LM Ericsson, B Shares	98,813	$	818,765
Telia Company AB	85,858		327,545
Trelleborg AB, B Shares	7,583		283,515
Volvo AB, B Shares	56,642		1,628,887
			25,380,402
Switzerland - 6.0%
ABB, Ltd.	56,394		4,080,857
Alcon, Inc.	17,818		1,340,178
Amrize, Ltd. (A)	18,585		908,729
Avolta AG (A)	3,335		182,103
Baloise Holding AG	1,556		385,104
Banque Cantonale Vaudoise	1,029		121,934
Barry Callebaut AG	136		187,301
Belimo Holding AG	351		369,149
BKW AG	721		154,639
Chocoladefabriken Lindt & Spruengli AG	4		601,883
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	34		519,815
Cie Financiere Richemont SA, A Shares	19,169		3,679,802
Coca-Cola HBC AG (A)	7,861		370,871
DSM-Firmenich AG	6,631		565,747
EMS-Chemie Holding AG	241		171,223
Galderma Group AG	1,667		294,726
Galderma Group AG (SIX Swiss Exchange)	3,002		530,754
Geberit AG	1,194		901,710
Givaudan SA	329		1,342,004
Glencore PLC (A)	367,527		1,692,692
Helvetia Holding AG	1,353		332,487
Holcim, Ltd. (A)	18,585		1,585,756
Julius Baer Group, Ltd.	7,301		508,386
Kuehne + Nagel International AG	1,701		318,321
Logitech International SA	5,338		587,171
Lonza Group AG	2,563		1,713,720
Nestle SA	91,940		8,443,332
Novartis AG	67,841		8,722,882
Partners Group Holding AG	809		1,058,504
Roche Holding AG	25,052		8,341,902
Roche Holding AG, Bearer Shares	1,158		400,656
Sandoz Group AG	14,915		889,570
Schindler Holding AG	806		291,650
Schindler Holding AG, Participation Certificates	1,428		543,035
SGS SA	5,744		596,915
SIG Group AG (A)	10,451		108,385
Sika AG	5,436		1,220,701
Sonova Holding AG	1,821		499,511
STMicroelectronics NV	23,723		670,531
Straumann Holding AG	3,915		419,710
Swiss Life Holding AG	1,024		1,105,522
Swiss Prime Site AG	2,861		400,794
Swiss Re AG	10,755		1,997,493
Swisscom AG	908		659,980
The Swatch Group AG, Bearer Shares	986		186,352
UBS Group AG	113,278		4,657,260
VAT Group AG (B)	947		378,011
Zurich Insurance Group AG	5,219		3,730,452
			68,770,210
Taiwan - 5.9%
Accton Technology Corp.	18,000		622,462
Acer, Inc.	99,018		100,860
Advantech Company, Ltd.	16,623		174,958
Airtac International Group	5,185		128,785

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Alchip Technologies, Ltd.	3,000	$	344,625
ASE Technology Holding Company, Ltd.	118,338		646,170
Asia Cement Corp.	79,863		100,144
Asia Vital Components Company, Ltd.	12,000		390,320
Asustek Computer, Inc.	24,952		551,246
AUO Corp. (A)	219,061		98,527
Caliway Biopharmaceuticals Company, Ltd., Class C (A)	35,000		211,429
Catcher Technology Company, Ltd.	21,184		127,108
Cathay Financial Holding Company, Ltd.	334,373		722,295
Chailease Holding Company, Ltd.	56,065		205,470
Chang Hwa Commercial Bank, Ltd.	245,543		158,540
Cheng Shin Rubber Industry Company, Ltd.	66,680		82,511
China Airlines, Ltd.	94,000		64,530
China Steel Corp.	408,388		260,591
Chunghwa Telecom Company, Ltd.	135,148		591,603
Compal Electronics, Inc.	139,764		149,313
CTBC Financial Holding Company, Ltd.	595,465		839,796
Delta Electronics, Inc.	69,866		1,968,132
E Ink Holdings, Inc.	31,000		246,291
E.Sun Financial Holding Company, Ltd.	518,135		567,810
Eclat Textile Company, Ltd.	6,259		90,475
Elite Material Company, Ltd.	10,000		404,712
eMemory Technology, Inc.	2,000		133,068
Eva Airways Corp.	93,000		116,638
Evergreen Marine Corp. Taiwan, Ltd.	39,826		234,564
Far Eastern New Century Corp.	99,875		91,209
Far EasTone Telecommunications Company, Ltd.	61,159		177,628
Feng TAY Enterprise Company, Ltd.	19,262		78,049
First Financial Holding Company, Ltd.	398,590		391,055
Formosa Chemicals & Fibre Corp.	121,212		118,694
Formosa Plastics Corp.	154,086		195,331
Fortune Electric Company, Ltd.	4,840		92,807
Fubon Financial Holding Company, Ltd.	295,857		859,033
Gigabyte Technology Company, Ltd.	20,000		197,328
Global Unichip Corp.	3,000		132,891
Globalwafers Company, Ltd.	9,000		138,562
Hon Hai Precision Industry Company, Ltd.	445,368		3,179,990
Hotai Motor Company, Ltd.	11,200		218,649
Hua Nan Financial Holdings Company, Ltd.	313,400		304,710
Innolux Corp.	261,495		124,018
International Games System Company, Ltd.	9,000		233,036
Inventec Corp.	89,899		135,638
Jentech Precision Industrial Company, Ltd.	3,000		239,318
KGI Financial Holding Company, Ltd.	558,664		275,099
King Slide Works Company, Ltd.	1,600		173,781
Largan Precision Company, Ltd.	4,143		320,607
Lite-On Technology Corp.	77,626		441,295
Lotes Company, Ltd.	3,000		153,348
MediaTek, Inc.	54,340		2,356,710
Mega Financial Holding Company, Ltd.	422,973		589,773
Micro-Star International Company, Ltd.	25,000		95,555
Nan Ya Plastics Corp.	190,992		247,932
Nien Made Enterprise Company, Ltd.	6,000		83,876
Novatek Microelectronics Corp.	20,361		285,848
Pegatron Corp.	69,989		163,015
PharmaEssentia Corp.	9,987		169,259
President Chain Store Corp.	19,496		158,774
Quanta Computer, Inc.	96,771		926,983

 

79

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Taiwan (continued)
Realtek Semiconductor Corp.	16,999	$	307,742
SinoPac Financial Holdings Company, Ltd.	407,657		335,007
Synnex Technology International Corp.	41,928		87,120
Taiwan Business Bank	249,314		129,058
Taiwan Cooperative Financial Holding Company, Ltd.	377,658		305,480
Taiwan High Speed Rail Corp.	66,000		60,925
Taiwan Mobile Company, Ltd.	63,257		226,450
Taiwan Semiconductor Manufacturing Company, Ltd.	878,227		38,148,261
TCC Group Holdings Company, Ltd.	232,594		183,492
The Shanghai Commercial & Savings Bank, Ltd.	133,142		183,785
TS Financial Holding Company, Ltd	775,662		458,800
Unimicron Technology Corp.	47,000		235,540
Uni-President Enterprises Corp.	172,487		444,719
United Microelectronics Corp.	397,313		597,692
Vanguard International Semiconductor Corp.	33,837		113,894
Voltronic Power Technology Corp.	3,000		91,611
Wan Hai Lines, Ltd.	22,770		55,651
Wistron Corp.	100,000		464,647
Wiwynn Corp.	4,000		438,285
WPG Holdings, Ltd.	54,840		119,288
Yageo Corp.	57,420		322,000
Yang Ming Marine Transport Corp.	60,000		104,652
Yuanta Financial Holding Company, Ltd.	369,390		423,164
Zhen Ding Technology Holding, Ltd.	23,000		125,780
			67,645,817
Thailand - 0.3%
Advanced Info Service PCL	40,400		362,923
Advanced Info Service PCL, NVDR	2,700		24,255
Airports of Thailand PCL	144,700		180,982
Airports of Thailand PCL, NVDR	6,300		7,880
Bangkok Dusit Medical Services PCL, NVDR	387,300		244,679
Bumrungrad Hospital PCL, NVDR	20,500		110,860
Central Pattana PCL, NVDR	71,100		122,965
Charoen Pokphand Foods PCL	136,200		93,709
CP ALL PCL	184,600		269,064
CP ALL PCL, NVDR	20,200		29,443
CP AXTRA PCL, NVDR	70,567		48,999
Delta Electronics Thailand PCL, NVDR	113,300		556,153
Gulf Development PCL, NVDR (A)	159,767		214,918
Kasikornbank PCL, NVDR	20,000		103,447
Krung Thai Bank PCL	113,775		87,049
Minor International PCL, NVDR	131,483		93,511
PTT Exploration & Production PCL	47,147		167,884
PTT PCL	329,000		337,593
PTT PCL, NVDR	23,100		23,703
SCB X PCL	23,348		92,629
SCB X PCL, NVDR	6,200		24,597
The Siam Cement PCL	12,000		85,168
The Siam Cement PCL, NVDR	14,300		101,492
TMBThanachart Bank PCL, NVDR	829,800		48,612
True Corp. PCL (A)	269,362		86,486
True Corp. PCL, NVDR (A)	90,400		29,026
			3,548,027
Turkey - 0.1%
Akbank TAS	109,420		165,353
Aselsan Elektronik Sanayi Ve Ticaret AS	46,762		242,307
BIM Birlesik Magazalar AS	16,428		213,942
Eregli Demir ve Celik Fabrikalari TAS	139,344		98,626
Ford Otomotiv Sanayi AS	23,900		56,990

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Turkey (continued)
Haci Omer Sabanci Holding AS	41,192	$	86,152
KOC Holding AS	26,797		111,639
Turk Hava Yollari AO	18,859		143,011
Turkcell Iletisim Hizmetleri AS	42,620		100,442
Turkiye Is Bankasi AS, Class C	336,501		114,783
Turkiye Petrol Rafinerileri AS	34,986		157,131
Yapi ve Kredi Bankasi AS (A)	118,497		96,941
			1,587,317
United Arab Emirates - 0.0%
NMC Health PLC (A)(D)	4,471		0
United Kingdom - 8.7%
3i Group PLC	34,523		1,903,009
Admiral Group PLC	9,412		424,794
Anglo American PLC	39,906		1,504,748
AngloGold Ashanti PLC (Johannesburg Stock Exchange)	17,954		1,253,619
Ashtead Group PLC	15,404		1,033,013
Associated British Foods PLC	11,883		328,343
AstraZeneca PLC	55,292		8,470,789
Auto Trader Group PLC (B)	31,085		330,225
Aviva PLC	109,085		1,009,122
BAE Systems PLC	107,416		2,990,077
Barclays PLC	509,300		2,620,511
Barratt Redrow PLC	48,297		254,098
BP PLC	568,773		3,265,696
British American Tobacco PLC	74,386		3,956,389
BT Group PLC	231,833		596,436
Bunzl PLC	11,855		374,703
Centrica PLC	176,008		395,241
Coca-Cola Europacific Partners PLC	1,300		117,533
Coca-Cola Europacific Partners PLC (Euronext Amsterdam Exchange)	6,887		624,425
Compass Group PLC	60,527		2,063,107
Diageo PLC	79,349		1,898,636
Entain PLC	21,740		256,933
GSK PLC	146,209		3,139,394
Haleon PLC	321,801		1,448,162
Halma PLC	13,659		635,836
Hikma Pharmaceuticals PLC	5,587		128,255
HSBC Holdings PLC	622,425		8,784,355
Imperial Brands PLC	28,222		1,198,910
Informa PLC	47,912		593,452
InterContinental Hotels Group PLC	5,589		675,768
International Consolidated Airlines Group SA	44,318		231,936
Intertek Group PLC	5,855		372,693
J Sainsbury PLC	64,488		289,952
JD Sports Fashion PLC	87,670		112,862
Kingfisher PLC	65,606		273,299
Land Securities Group PLC	25,882		203,001
Legal & General Group PLC	209,707		673,561
Lloyds Banking Group PLC	2,149,473		2,432,309
London Stock Exchange Group PLC	16,943		1,943,075
M&G PLC	84,096		286,793
Marks & Spencer Group PLC	71,983		353,158
Melrose Industries PLC	45,639		375,740
Metlen Energy & Metals PLC (A)	3,775		211,409
Mondi PLC	12,600		174,284
Mondi PLC (Johannesburg Stock Exchange)	3,761		51,366
National Grid PLC	174,622		2,509,084
NatWest Group PLC	288,047		2,034,577
Next PLC	4,249		708,324
Pearson PLC	21,043		299,254
Phoenix Group Holdings PLC	25,040		217,273

 

80

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Reckitt Benckiser Group PLC	24,260	$	1,868,067
RELX PLC	22,799		1,092,758
RELX PLC (Euronext Amsterdam Exchange)	43,007		2,054,823
Rentokil Initial PLC	88,467		448,151
Rio Tinto PLC	40,243		2,652,110
Rolls-Royce Holdings PLC	302,303		4,859,292
Schroders PLC	29,188		148,115
Segro PLC	46,436		410,310
Severn Trent PLC	9,413		328,199
Shell PLC	210,272		7,494,303
Smith & Nephew PLC	30,660		556,091
Smiths Group PLC	12,075		382,840
Spirax Group PLC	2,735		251,849
SSE PLC	40,139		941,488
Standard Chartered PLC	73,749		1,431,287
Tesco PLC	239,923		1,438,023
The Sage Group PLC	35,769		530,615
Unilever PLC	87,488		5,171,292
United Utilities Group PLC	24,018		371,047
Vodafone Group PLC	764,658		889,222
Whitbread PLC	6,683		289,950
Wise PLC, Class A (A)	23,957		333,968
WPP PLC	37,695		187,899
			100,161,228
United States - 0.3%
BeOne Medicines, Ltd., H Shares (A)	29,400		784,486
Brookfield Asset Management, Ltd., Class A	14,568		829,048
Brookfield Renewable Corp.	5,150		177,291
Legend Biotech Corp., ADR (A)	2,500		81,525
RB Global, Inc.	6,600		714,870
Southern Copper Corp.	3,120		378,643
			2,965,863
TOTAL COMMON STOCKS (Cost $669,317,876)		$	1,121,757,692
PREFERRED SECURITIES - 0.7%
Brazil - 0.3%
Banco Bradesco SA	186,281		619,157
Banco BTG Pactual SA	4		8
Centrais Eletricas Brasileiras SA, B Shares	7,400		77,125
Cia Energetica de Minas Gerais	61,322		128,468
Companhia Paranaense de Energia, B Shares	38,400		92,929
Gerdau SA	46,536		145,232
Itau Unibanco Holding SA	190,087		1,395,406
Itausa SA	208,595		449,544
Petroleo Brasileiro SA	165,051		975,622
			3,883,491
Chile - 0.0%
Sociedad Quimica y Minera de Chile SA, B Shares (A)	490		21,149
Germany - 0.2%
Bayerische Motoren Werke AG	2,090		194,678
Dr. Ing. h.c. F. Porsche AG (B)	3,890		188,600
Henkel AG & Company KGaA	5,936		478,955
Porsche Automobil Holding SE	5,695		224,427
Sartorius AG	903		211,101
Volkswagen AG	7,263		787,236
			2,084,997
India - 0.0%
TVS Motor Company, Ltd., 6.000% (A)(D)	32,736		3,687

International Equity Index Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
South Korea - 0.2%
Hyundai Motor Company	793	$	92,204
Hyundai Motor Company, 2nd Preferred Shares	1,197		142,135
Samsung Electronics Company, Ltd.	28,859		1,369,677
			1,604,016
TOTAL PREFERRED SECURITIES (Cost $7,505,762)		$	7,597,340
RIGHTS - 0.0%
Orsted A/S (Expiration Date: 10-2-25; Strike Price: DKK 66.60) (A)	88,515		88,125
Sofina SA (Expiration Date: 10-3-25; Strike Price: EUR 223.00) (A)	537		1,198
TOTAL RIGHTS (Cost $176,485)		$	89,323
WARRANTS - 0.0%
Constellation Software, Inc. (Expiration Date: 3-31-40) (A)(D)(F)	700		0
YTL Corp. BHD (Expiration Date: 6-2-28; Strike Price: MYR 1.50) (A)	22,780		6,928
YTL Power International BHD (Expiration Date: 6-2-28; Strike Price: MYR 2.45) (A)	16,860		7,051
TOTAL WARRANTS (Cost $0)		$	13,979
SHORT-TERM INVESTMENTS - 1.2%
Short-term funds - 1.2%
John Hancock Collateral Trust, 4.0668% (G)(H)	220,712		2,207,873
State Street Institutional Us Government Money Market Fund, 4.0870% (G)	11,448,782		11,448,782
TOTAL SHORT-TERM INVESTMENTS (Cost $13,656,701)		$	13,656,655
Total Investments (International Equity Index Trust) (Cost $690,656,824) - 99.7%		$	1,143,114,989
Other assets and liabilities, net - 0.3%			3,621,606
TOTAL NET ASSETS - 100.0%		$	1,146,736,595

Currency Abbreviations
DKK	Danish Krone
EUR	Euro
MYR	Malaysian Ringgit
Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	Non-income producing security.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $2,147,984.
(F)	Strike price and/or expiration date not available.
(G)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

 

81

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Equity Index Trust (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Mini MSCI EAFE Index Futures	28	Long	Dec 2025	$3,890,258	$3,899,560	$9,302
Mini MSCI Emerging Markets Index Futures	39	Long	Dec 2025	2,616,957	2,651,220	34,263
MSCI Kuwait Index Futures	121	Long	Dec 2025	2,457,003	2,426,050	(30,953)
MSCI Qatar Index Futures	129	Long	Dec 2025	2,433,599	2,412,300	(21,299)
MSCI UAE Index Futures	90	Long	Dec 2025	4,736,170	4,825,620	89,450
S&P/TSX 60 Index Futures	3	Long	Dec 2025	746,410	764,303	17,893
						$98,656

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

International Small Company Trust

	Shares or Principal Amount	Value
COMMON STOCKS - 98.1%
Australia - 6.4%
Accent Group, Ltd.	6,857	$	5,991
Adairs, Ltd.	8,079		13,685
Alcidion Group, Ltd. (A)	43,339		2,833
Alkane Resources, Ltd. (A)	25,036		18,937
Alliance Aviation Services, Ltd.	3,238		4,779
AMA Group, Ltd. (A)	150,193		9,334
Amotiv, Ltd.	4,059		23,872
AMP, Ltd.	110,740		121,561
Amplitude Energy, Ltd. (A)	158,205		24,038
Amplitude Energy, Ltd., Additional Offering (A)	37,345		5,674
Ansell, Ltd.	5,194		109,576
Appen, Ltd. (A)	7,064		4,011
Arafura Rare Earths, Ltd. (A)	169,186		22,391
Arafura Rare Earths, Ltd., Additional Offering (A)	3,341		442
ARB Corp., Ltd.	3,382		86,333
Archer Materials, Ltd. (A)	10,038		1,725
ARN Media, Ltd.	20,357		7,150
Articore Group, Ltd. (A)	13,929		2,504
AUB Group, Ltd.	5,097		110,290
Audinate Group, Ltd. (A)	1,223		3,903
Aurelia Metals, Ltd. (A)	115,998		19,203
Aurizon Holdings, Ltd.	8,939		18,853
Aussie Broadband, Ltd.	9,321		35,688
Austal, Ltd. (A)	18,211		93,075
Australian Agricultural Company, Ltd. (A)	28,065		27,306
Australian Clinical Labs, Ltd.	5,715		9,057
Australian Ethical Investment, Ltd.	4,074		19,373
Australian Finance Group, Ltd.	15,010		25,803
Australian Strategic Materials, Ltd. (A)	2,805		1,057
AVZ Minerals, Ltd. (A)(B)	98,026		7,589
Baby Bunting Group, Ltd. (A)	5,551		11,386
Bank of Queensland, Ltd.	24,693		118,383
Bapcor, Ltd.	15,610		32,672
Beach Energy, Ltd.	64,298		48,596
Beacon Lighting Group, Ltd. (C)	6,950		14,886
Bega Cheese, Ltd.	10,885		37,358
Bell Financial Group, Ltd.	10,635		8,832
Bellevue Gold, Ltd. (A)	67,009		50,489
BetMakers Technology Group, Ltd. (A)	14,102		1,823
Boss Energy, Ltd. (A)	15,075		20,680
Bravura Solutions, Ltd.	19,369		32,458
Breville Group, Ltd.	3,664		72,642
Bubs Australia, Ltd. (A)	33,097		3,180

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Capricorn Metals, Ltd. (A)	14,475	$	126,020
Carnarvon Energy, Ltd. (A)	51,813		3,377
Cash Converters International, Ltd.	14,501		3,117
Catalyst Metals, Ltd. (A)	7,241		37,728
Catapult Sports, Ltd. (A)	3,231		14,707
Cedar Woods Properties, Ltd.	3,145		16,224
Cettire, Ltd. (A)	7,920		3,621
Chalice Mining, Ltd. (A)	19,336		31,878
Challenger, Ltd.	9,327		53,394
Champion Iron, Ltd.	13,415		41,453
Chrysos Corp., Ltd. (A)	1,788		9,259
Clinuvel Pharmaceuticals, Ltd.	2,335		18,238
Clover Corp., Ltd.	8,155		3,964
Coast Entertainment Holdings, Ltd. (A)	39,016		10,546
Codan, Ltd.	4,936		96,354
Collins Foods, Ltd.	5,736		41,088
Corporate Travel Management, Ltd. (B)	4,156		44,193
Credit Corp. Group, Ltd.	3,047		30,788
Dalrymple Bay Infrastructure, Ltd.	9,505		27,494
Data#3, Ltd.	5,537		33,655
Deep Yellow, Ltd. (A)	31,653		41,142
Dicker Data, Ltd.	2,871		18,655
Domino's Pizza Enterprises, Ltd.	2,592		23,097
Downer EDI, Ltd.	26,043		126,881
Dyno Nobel, Ltd.	19,601		40,158
Eagers Automotive, Ltd.	4,898		94,913
Elders, Ltd.	8,739		43,082
Emeco Holdings, Ltd. (A)	22,924		19,341
Emerald Resources NL (A)	21,418		70,735
EML Payments, Ltd. (A)	16,327		10,749
Enero Group, Ltd.	3,952		2,038
EQT Holdings, Ltd.	1,030		16,316
EVT, Ltd.	4,108		35,515
Finbar Group, Ltd.	8,370		4,906
FleetPartners Group, Ltd. (A)	3,145		6,005
Fleetwood, Ltd.	8,058		16,621
Flight Centre Travel Group, Ltd.	6,231		47,621
Frontier Digital Ventures, Ltd. (A)(C)	11,391		3,638
G8 Education, Ltd.	23,703		13,259
Galan Lithium, Ltd. (A)(C)	25,297		2,394
Generation Development Group, Ltd.	9,919		45,707
Genesis Minerals, Ltd. (A)	26,598		102,886
GrainCorp, Ltd., Class A	9,793		58,327
Grange Resources, Ltd. (A)	21,083		3,207
GWA Group, Ltd.	12,453		20,914
Hansen Technologies, Ltd.	6,495		25,227
Healius, Ltd.	30,121		14,953

 

82

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Helia Group, Ltd.	14,393	$	54,911
Highfield Resources, Ltd. (A)(B)	13,495		598
HUB24, Ltd.	248		16,536
Humm Group, Ltd.	30,307		13,158
IDP Education, Ltd.	7,627		33,152
IGO, Ltd. (A)	11,182		38,394
Iluka Resources, Ltd.	10,545		44,208
Imdex, Ltd.	25,654		57,033
Immutep, Ltd. (A)	32,224		5,651
Infomedia, Ltd.	17,584		19,546
Inghams Group, Ltd.	13,624		22,792
Insignia Financial, Ltd. (A)	28,538		84,660
Integral Diagnostics, Ltd.	19,333		35,030
Ioneer, Ltd. (A)	69,038		7,614
IPH, Ltd.	11,409		26,937
IRESS, Ltd.	4,820		28,131
IVE Group, Ltd.	11,452		21,301
Johns Lyng Group, Ltd.	7,242		18,929
Judo Capital Holdings, Ltd. (A)	10,800		12,533
Jumbo Interactive, Ltd.	2,253		15,979
Jupiter Mines, Ltd.	72,822		12,258
Karoon Energy, Ltd.	26,749		29,070
Kelsian Group, Ltd.	8,384		27,202
Kogan.com, Ltd.	2,032		4,556
Lendlease Corp., Ltd.	20,814		75,635
Lifestyle Communities, Ltd. (A)	4,954		18,780
Lindsay Australia, Ltd.	22,535		9,772
Lovisa Holdings, Ltd.	3,010		74,453
Lycopodium, Ltd.	1,317		10,297
MA Financial Group, Ltd.	4,146		25,501
Macmahon Holdings, Ltd.	75,912		20,066
Macquarie Technology Group, Ltd. (A)	470		19,797
Magellan Financial Group, Ltd.	5,757		36,538
Mayne Pharma Group, Ltd. (A)	4,957		16,842
McMillan Shakespeare, Ltd.	2,468		27,418
McPherson's, Ltd. (A)	9,168		1,547
Megaport, Ltd. (A)	4,479		46,851
Mesoblast, Ltd. (A)	37,977		59,640
Metals X, Ltd. (A)	48,765		25,337
Metcash, Ltd.	41,758		104,858
Michael Hill International, Ltd. (A)	16,629		3,785
Monadelphous Group, Ltd.	4,455		66,181
Monash IVF Group, Ltd.	21,798		9,678
Mount Gibson Iron, Ltd. (A)	19,096		4,864
Myer Holdings, Ltd.	56,935		18,059
MyState, Ltd.	7,153		20,373
Nanosonics, Ltd. (A)	2,276		6,361
Navigator Global Investments, Ltd.	11,684		16,201
Neuren Pharmaceuticals, Ltd. (A)	1,723		22,509
New Hope Corp., Ltd.	23,547		61,056
nib holdings, Ltd.	20,171		98,814
Nick Scali, Ltd.	2,772		42,859
Nickel Industries, Ltd.	57,059		26,831
Nine Entertainment Company Holdings, Ltd.	57,796		46,190
Novonix, Ltd. (A)(C)	11,595		3,499
NRW Holdings, Ltd.	19,940		61,030
Nufarm, Ltd. (A)	14,586		22,075
Nuix, Ltd. (A)	10,473		20,352
Objective Corp., Ltd.	921		12,166
OFX Group, Ltd. (A)	14,134		8,000
Omni Bridgeway, Ltd. (A)	15,737		17,685
oOh!media, Ltd.	31,712		31,229
Ora Banda Mining, Ltd. (A)	35,710		27,749
Orora, Ltd.	56,536		77,768

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Australia (continued)
Pacific Current Group, Ltd.	1,717	$	12,545
Paladin Energy, Ltd. (A)	3,788		20,924
Paladin Energy, Ltd. (Toronto Stock Exchange) (A)	2,098		11,276
Paladin Energy, Ltd., Additional Offering (A)	302		1,668
Pantoro Gold, Ltd. (A)	16,901		67,350
Peet, Ltd.	13,800		18,251
PeopleIN, Ltd. (A)	5,305		2,791
Perenti, Ltd.	35,432		65,866
Perpetual, Ltd.	3,944		48,750
Perseus Mining, Ltd.	41,513		133,558
PEXA Group, Ltd. (A)	4,479		46,367
Platinum Asset Management, Ltd.	22,136		9,791
Praemium, Ltd.	28,131		14,181
Premier Investments, Ltd.	2,387		30,356
Propel Funeral Partners, Ltd.	3,234		10,930
PWR Holdings, Ltd.	3,396		17,462
Ramelius Resources, Ltd.	40,131		102,219
ReadyTech Holdings, Ltd. (A)	4,809		6,907
Regis Healthcare, Ltd.	5,443		21,754
Regis Resources, Ltd.	35,749		141,238
Resolute Mining, Ltd. (A)	88,090		59,846
Ridley Corp., Ltd.	14,265		28,503
RPMGlobal Holdings, Ltd. (A)	6,670		20,398
Sandfire Resources, Ltd. (A)	13,399		126,386
Select Harvests, Ltd. (A)	8,313		22,163
Servcorp, Ltd.	3,171		14,978
Service Stream, Ltd.	27,275		41,657
Seven West Media, Ltd. (A)	85,038		8,413
Silver Mines, Ltd. (A)	108,796		15,159
Sims, Ltd.	7,974		70,421
SmartGroup Corp., Ltd.	4,810		25,381
SolGold PLC (A)	65,333		13,240
Solvar, Ltd.	10,468		11,065
Southern Cross Media Group, Ltd.	17,291		10,241
SRG Global, Ltd.	13,828		17,758
St. Barbara, Ltd. (A)	43,956		15,474
Stanmore Resources, Ltd.	9,875		13,917
Strike Energy, Ltd. (A)	118,299		8,230
Super Retail Group, Ltd.	5,206		56,006
Superloop, Ltd. (A)	16,944		38,046
Supply Network, Ltd.	454		10,222
Syrah Resources, Ltd. (A)	77,748		13,624
Tabcorp Holdings, Ltd.	93,926		63,786
Temple & Webster Group, Ltd. (A)	489		7,429
Ten Sixty Four, Ltd. (A)(B)	8,127		460
Tuas, Ltd. (A)	7,481		34,641
Tyro Payments, Ltd. (A)	10,423		7,721
Ventia Services Group Pty, Ltd.	27,017		91,308
Viva Energy Group, Ltd. (D)	28,271		33,924
Vulcan Energy Resources, Ltd. (A)(C)	4,422		17,541
Washington H. Soul Pattinson & Company, Ltd.	2,435		61,997
WEB Travel Group, Ltd. (A)	16,369		42,806
Webjet Group, Ltd. (A)	16,369		9,401
West African Resources, Ltd. (A)	52,899		89,399
Westgold Resources, Ltd.	30,316		89,373
Westgold Resources, Ltd. (Toronto Stock Exchange)	12,115		35,343
Whitehaven Coal, Ltd.	22,546		98,411
Zip Company, Ltd. (A)	49,768		146,257
			7,028,737
Austria - 1.5%
Addiko Bank AG (A)	668		16,418

 

83

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Austria (continued)
Agrana Beteiligungs AG	724	$	10,506
ams-OSRAM AG (A)	2,043		28,922
ANDRITZ AG	2,533		178,710
AT&S Austria Technologie & Systemtechnik AG (A)(C)	1,188		31,416
BAWAG Group AG (A)(D)	3,264		430,304
CA Immobilien Anlagen AG	1,426		39,249
CPI Europe AG (A)(C)	945		20,651
DO & Company AG	278		72,588
Eurotelesites AG (A)	1,109		6,412
EVN AG	1,321		36,356
Fabasoft AG	599		11,705
FACC AG (A)	1,116		12,301
Kapsch TrafficCom AG (A)	191		1,641
Kontron AG (C)	1,320		42,665
Lenzing AG (A)	566		16,970
Mayr Melnhof Karton AG	302		28,141
Oesterreichische Post AG	1,378		47,942
Palfinger AG	876		36,465
POLYTEC Holding AG (A)	995		3,740
Porr AG	876		29,364
RHI Magnesita NV	552		15,358
SBO AG	445		13,979
Semperit AG Holding (C)	822		12,368
Strabag SE, Bearer Shares	245		22,381
Telekom Austria AG	4,306		46,036
UBM Development AG (A)	411		10,301
UNIQA Insurance Group AG	3,329		49,500
Vienna Insurance Group AG	1,157		63,760
voestalpine AG	4,248		152,154
Wienerberger AG	4,106		132,929
Zumtobel Group AG	2,545		11,966
			1,633,198
Belgium - 1.6%
Ackermans & van Haaren NV	875		224,838
Ageas SA/NV	1,207		83,713
AGFA-Gevaert NV (A)	6,780		7,444
Atenor (A)	1,218		4,265
Azelis Group NV	2,791		37,982
Barco NV	2,300		36,592
Bekaert SA	1,389		63,826
Biocartis Group NV (A)(B)(D)	4,063		0
bpost SA (A)	4,236		11,565
Cie d'Entreprises CFE	416		4,495
CMB Tech NV (A)	2,614		24,596
Colruyt Group N.V	1,453		57,278
Deceuninck NV	2,515		6,083
Deme Group NV	303		44,354
D'ieteren Group	471		88,406
Econocom Group SA/NV	6,435		13,377
Elia Group SA/NV	697		80,525
EVS Broadcast Equipment SA	404		16,957
Fagron	2,712		63,299
Galapagos NV (A)	1,566		54,322
Gimv NV	1,162		62,249
Immobel SA (A)	209		6,354
Ion Beam Applications	1,305		16,246
Kinepolis Group NV	585		22,048
Lotus Bakeries NV	11		103,793
Melexis NV	863		68,795
Nyxoah SA (A)(C)	774		3,560
Ontex Group NV (A)	2,807		20,899
Orange Belgium SA (A)	417		9,306
Proximus SADP	6,084		53,237
Recticel SA	2,296		24,202

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Belgium (continued)
Sipef NV	420	$	36,331
Solvay SA	2,586		82,344
Syensqo SA	567		46,034
Tessenderlo Group SA	1,111		33,815
Umicore SA	3,845		68,657
Van de Velde NV	377		13,700
VGP NV	618		69,317
Viohalco SA	7,173		63,107
X-Fab Silicon Foundries SE (A)(D)	3,484		28,349
			1,756,260
Bermuda - 0.3%
FLEX LNG, Ltd. (A)	294		7,409
FLEX LNG, Ltd. (New York Stock Exchange) (A)	490		12,348
Hiscox, Ltd.	13,525		249,642
			269,399
Cambodia - 0.0%
NagaCorp, Ltd.	52,981		39,821
Canada - 12.6%
5N Plus, Inc. (A)	3,515		42,962
Acadian Timber Corp.	800		9,445
ADENTRA, Inc.	449		11,366
Advantage Energy, Ltd. (A)	9,000		73,787
Aecon Group, Inc.	3,200		54,770
Ag Growth International, Inc.	269		7,030
AGF Management, Ltd., Class B	4,298		44,873
Aimia, Inc. (A)	7,777		17,714
Air Canada (A)	6,092		76,867
AirBoss of America Corp. (C)	1,500		5,508
Algoma Central Corp.	700		8,400
Algoma Steel Group, Inc.	1,095		3,887
Algonquin Power & Utilities Corp. (C)	20,386		109,569
Allied Gold Corp. (A)	1,591		27,803
Altius Minerals Corp.	1,700		40,885
Altus Group, Ltd.	2,018		86,189
Amerigo Resources, Ltd.	13,502		26,389
Andlauer Healthcare Group, Inc.	1,114		42,240
Andrew Peller, Ltd., Class A	2,300		8,429
Aritzia, Inc. (A)	3,753		227,008
Atco, Ltd., Class I	3,218		116,493
Athabasca Oil Corp. (A)	22,874		109,464
ATS Corp. (A)	3,447		90,181
AutoCanada, Inc. (A)	1,085		24,363
B2Gold Corp.	49,963		246,997
B2Gold Corp. (NYSE American Exchange) (C)	5,393		26,695
Badger Infrastructure Solutions, Ltd.	1,832		80,799
Ballard Power Systems, Inc. (A)(C)	9,718		26,325
Bausch Health Companies, Inc. (A)	8,857		57,023
Baytex Energy Corp.	16,664		39,035
Birch Mountain Resources, Ltd. (A)(B)	9,200		1
Birchcliff Energy, Ltd. (C)	11,933		49,131
Bird Construction, Inc.	2,754		59,722
Bitfarms, Ltd. (A)	9,400		26,545
Black Diamond Group, Ltd.	2,750		27,664
BlackBerry, Ltd. (A)	11,522		56,215
BMTC Group, Inc.	500		4,624
Boralex, Inc., Class A	4,010		78,287
BRP, Inc.	696		42,319
CAE, Inc. (A)	3,424		101,389
Calian Group, Ltd.	605		21,588
Canaccord Genuity Group, Inc.	5,281		40,754
Canacol Energy, Ltd. (A)	1,513		2,827
Canada Goose Holdings, Inc. (A)	2,213		30,467

 

84

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Canadian Tire Corp., Ltd., Class A	1,222	$	145,469
Canfor Corp. (A)	2,404		21,160
Capital Power Corp. (C)	5,327		250,140
Capstone Copper Corp. (A)	22,835		193,942
Cardinal Energy, Ltd.	5,530		30,795
Cascades, Inc.	4,523		31,330
Centerra Gold, Inc.	9,077		97,247
CES Energy Solutions Corp.	10,313		69,583
China Gold International Resources Corp., Ltd. (C)	18,050		323,336
Cineplex, Inc. (A)	1,227		10,527
Cogeco Communications, Inc.	563		25,874
Colliers International Group, Inc.	700		109,479
Computer Modelling Group, Ltd. (C)	4,420		19,913
Corby Spirit and Wine, Ltd.	700		7,067
Cronos Group, Inc. (A)	5,470		15,132
Cronos Group, Inc. (Nasdaq Exchange) (A)	7,260		20,183
Definity Financial Corp.	2,578		132,503
Denison Mines Corp. (A)	17,895		49,248
Dexterra Group, Inc.	1,621		11,065
Docebo, Inc. (A)	320		8,731
Doman Building Materials Group, Ltd.	3,600		23,591
Dorel Industries, Inc., Class B (A)	1,800		2,160
DPM Metals, Inc.	7,687		170,399
DREAM Unlimited Corp., Class A	1,350		20,089
Dye & Durham, Ltd.	2,990		15,899
E-L Financial Corp., Ltd.	8,900		103,472
Eldorado Gold Corp. (A)	8,268		238,766
Eldorado Gold Corp. (New York Stock Exchange) (A)	700		20,223
Empire Company, Ltd., Class A	1,144		41,060
Endeavour Silver Corp. (A)	9,520		74,562
Enerflex, Ltd.	5,377		57,993
Enghouse Systems, Ltd.	1,800		27,070
Ensign Energy Services, Inc. (A)	9,800		17,323
EQB, Inc.	958		64,018
Equinox Gold Corp. (A)	16,652		186,538
ERO Copper Corp. (A)(C)	3,400		68,870
Evertz Technologies, Ltd.	1,900		16,383
Exchange Income Corp.	568		29,639
Exco Technologies, Ltd.	1,500		7,221
Extendicare, Inc.	3,780		40,388
Fiera Capital Corp.	5,935		27,805
Finning International, Inc.	5,481		254,614
Firm Capital Mortgage Investment Corp.	1,100		9,690
First Majestic Silver Corp.	9,281		113,970
First Majestic Silver Corp. (New York Stock Exchange)	5,382		66,145
First Mining Gold Corp. (A)	39,000		7,987
First National Financial Corp.	700		24,118
FirstService Corp.	150		28,579
Fortuna Mining Corp. (A)	8,500		76,101
Freehold Royalties, Ltd. (C)	5,429		53,756
Frontera Energy Corp.	1,792		7,352
Galiano Gold, Inc. (A)	6,600		14,369
Gamehost, Inc.	100		844
GDI Integrated Facility Services, Inc. (A)	1,000		19,825
Gibson Energy, Inc. (C)	5,806		107,926
Gildan Activewear, Inc.	2,239		129,349
goeasy, Ltd.	372		46,342
GoGold Resources, Inc. (A)	5,300		10,282
Guardian Capital Group, Ltd., Class A	1,100		52,957
Hammond Power Solutions, Inc.	400		35,485
Hanfeng Evergreen, Inc. (A)(B)	200		0

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Headwater Exploration, Inc.	9,290	$	50,131
High Liner Foods, Inc.	1,773		21,747
HLS Therapeutics, Inc. (A)	700		2,872
Hudbay Minerals, Inc.	18,710		283,399
IAMGOLD Corp. (A)	22,927		296,204
IAMGOLD Corp. (New York Stock Exchange) (A)	4,400		56,892
Imperial Metals Corp. (A)	5,060		21,451
Information Services Corp.	800		21,206
Interfor Corp. (A)	2,920		21,296
International Petroleum Corp. (A)	337		5,623
International Petroleum Corp. (Nasdaq Stockholm Exchange) (A)	3,496		58,447
Jamieson Wellness, Inc. (D)	2,200		57,241
K92 Mining, Inc. (A)	10,011		120,992
KAB Distribution, Inc. (A)(B)	7,076		0
K-Bro Linen, Inc.	600		15,413
Kelt Exploration, Ltd. (A)	10,445		51,636
Keyera Corp.	1,475		49,485
Knight Therapeutics, Inc. (A)	5,400		22,815
Labrador Iron Ore Royalty Corp.	3,518		70,982
Largo, Inc. (A)	780		1,166
Lassonde Industries, Inc., Class A	200		30,451
Laurentian Bank of Canada	1,514		35,889
Leon's Furniture, Ltd.	1,283		26,587
Lightspeed Commerce, Inc. (A)	5,593		64,583
Linamar Corp.	1,866		100,078
Lucara Diamond Corp. (A)(C)	25,184		3,619
Lundin Gold, Inc.	4,782		309,832
Magellan Aerospace Corp.	900		10,580
Mainstreet Equity Corp.	300		40,181
Major Drilling Group International, Inc. (A)	4,513		37,746
Manitok Energy, Inc. (A)(B)	16		0
Maple Leaf Foods, Inc.	4,270		110,486
Martinrea International, Inc.	4,603		35,059
Mattr Corp. (A)	1,373		10,576
MDA Space, Ltd. (A)	4,887		121,710
Medical Facilities Corp.	2,104		21,377
MEG Energy Corp.	7,756		156,491
Melcor Developments, Ltd.	1,000		10,850
Meren Energy, Inc.	22,402		29,618
Methanex Corp.	2,774		110,286
Morguard Corp.	400		33,148
MTY Food Group, Inc.	742		20,532
Mullen Group, Ltd.	3,682		36,828
New Gold, Inc. (A)	34,515		247,262
NFI Group, Inc. (A)	4,660		49,389
North American Construction Group, Ltd.	1,300		18,467
Northland Power, Inc. (C)	9,569		160,205
NuVista Energy, Ltd. (A)	7,905		91,336
OceanaGold Corp.	11,200		239,098
Onex Corp.	1,890		167,706
Open Text Corp.	4,797		179,306
OR Royalties, Inc.	6,095		244,291
Organigram Global, Inc. (A)	2,232		4,523
Orla Mining, Ltd. (A)	9,340		100,735
Paramount Resources, Ltd., Class A	2,973		48,001
Parex Resources, Inc.	3,328		43,498
Parkland Corp.	5,019		138,846
Pason Systems, Inc.	3,936		34,165
Pet Valu Holdings, Ltd.	1,755		45,385
Peyto Exploration & Development Corp. (C)	6,197		80,730

 

85

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
PHX Energy Services Corp.	2,600	$	14,778
Pine Cliff Energy, Ltd. (C)	11,000		4,980
Pizza Pizza Royalty Corp.	1,729		19,095
Polaris Renewable Energy, Inc.	1,500		14,648
Pollard Banknote, Ltd.	1,000		16,527
PrairieSky Royalty, Ltd.	9,927		184,174
Precision Drilling Corp. (A)	382		21,514
Premium Brands Holdings Corp.	1,800		120,867
Quarterhill, Inc. (A)	9,800		7,394
Quebecor, Inc., Class B	4,995		157,276
Questerre Energy Corp., Class A (A)(C)	19,444		4,750
Real Matters, Inc. (A)	300		1,571
RF Capital Group, Inc. (A)	185		2,633
Richelieu Hardware, Ltd.	2,000		49,134
Rogers Sugar, Inc. (C)	6,474		29,632
Russel Metals, Inc.	1,946		58,281
Sandstorm Gold, Ltd.	8,872		111,051
Sandstorm Gold, Ltd. (New York Stock Exchange)	4,000		50,080
Savaria Corp.	2,300		33,318
Seabridge Gold, Inc. (A)	3,862		93,158
Secure Waste Infrastructure Corp.	10,077		143,512
Sienna Senior Living, Inc. (C)	3,606		48,324
South Bow Corp.	1,700		48,104
Spartan Delta Corp. (A)	1,796		6,982
Spin Master Corp. (D)	1,400		19,325
Sprott, Inc.	929		77,213
Stella-Jones, Inc.	2,269		129,468
Strathcona Resources, Ltd.	383		9,916
Superior Plus Corp.	7,557		42,843
Surge Energy, Inc.	2,103		10,699
Tamarack Valley Energy, Ltd.	18,228		79,241
Taseko Mines, Ltd. (A)	16,100		68,255
TELUS Corp.	1,433		22,571
TerraVest Industries, Inc. (C)	600		60,056
The Boyd Group, Inc.	660		111,314
The North West Company, Inc.	2,333		80,164
Tidewater Midstream and Infrastructure, Ltd. (A)	333		1,477
Tilray Brands, Inc. (A)	114		197
Timbercreek Financial Corp.	6,000		32,248
TLC Vision Corp. (A)(B)	3,400		0
Topaz Energy Corp.	2,000		37,120
Torex Gold Resources, Inc. (A)	3,673		152,652
Toromont Industries, Ltd.	670		74,390
Total Energy Services, Inc.	3,132		32,407
TransAlta Corp.	10,982		150,009
Transcontinental, Inc., Class A	3,383		47,815
Trevali Mining Corp. (A)(B)	3,713		0
Trican Well Service, Ltd. (C)	7,825		34,692
Triple Flag Precious Metals Corp.	2,063		60,391
Trisura Group, Ltd. (A)	2,100		57,898
Vecima Networks, Inc.	479		3,524
Vermilion Energy, Inc. (C)	4,600		35,929
Wajax Corp.	1,300		22,605
Well Health Technologies Corp. (A)	6,500		24,007
Wesdome Gold Mines, Ltd. (A)	6,200		96,584
Western Copper & Gold Corp. (A)	5,400		10,709
Western Forest Products, Inc. (A)	861		7,480
Westshore Terminals Investment Corp.	1,489		26,641
Whitecap Resources, Inc.	9,454		72,134
Whitecap Resources, Inc. (Toronto Stock Exchange)	28,739		219,306
Winpak, Ltd.	1,677		49,140
Yellow Pages, Ltd.	140		1,130

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Canada (continued)
Zenith Capital Corp. (A)	1,700	$	170
			13,851,864
Denmark - 2.5%
ALK-Abello A/S (A)	5,228		173,159
Alm Brand A/S	33,083		92,337
Ambu A/S, Class B	7,931		116,681
Bang & Olufsen A/S (A)	7,788		15,750
Bavarian Nordic A/S (A)	2,530		91,259
CBrain A/S (C)	389		11,094
Chemometec A/S	801		79,046
Columbus A/S	6,187		10,016
D/S Norden A/S	890		32,378
Demant A/S (A)	1,064		37,040
Dfds A/S (A)	1,767		26,987
FLSmidth & Company A/S	1,567		110,309
GN Store Nord A/S (A)	3,264		55,290
H Lundbeck A/S	12,897		93,809
H+H International A/S, Class B (A)	1,146		17,559
INVISIO AB	540		18,126
ISS A/S	5,640		178,713
Jeudan A/S	380		12,221
Jyske Bank A/S	1,691		188,823
Lan & Spar Bank A/S	198		30,586
Matas A/S	1,442		29,513
Netcompany Group A/S (A)(D)	1,467		55,944
Nilfisk Holding A/S (A)	1,220		21,321
NKT A/S (A)	2,207		214,650
NNIT A/S (A)(D)	479		4,469
NTG Nordic Transport Group A/S (A)	635		18,565
Per Aarsleff Holding A/S	584		63,103
Ringkjoebing Landbobank A/S	938		217,967
ROCKWOOL A/S, A Shares	1,300		48,425
ROCKWOOL A/S, B Shares	1,808		67,405
Royal Unibrew A/S	1,886		144,054
Scandinavian Tobacco Group A/S (D)	2,440		33,677
Schouw & Company A/S	398		36,957
Solar A/S, B Shares	410		13,045
SP Group A/S	368		15,602
Sparekassen Sjaelland-Fyn A/S	759		40,955
Sydbank A/S	2,095		168,416
TCM Group A/S	507		5,884
Tivoli A/S	102		9,516
UIE PLC	1,062		48,950
Vestjysk Bank A/S	22,473		17,832
Zealand Pharma A/S (A)	1,071		78,981
			2,746,414
Finland - 2.8%
Aktia Bank OYJ	2,136		25,092
Alma Media OYJ	1,962		33,046
Bittium OYJ	2,708		48,034
Citycon OYJ (A)	4,136		15,912
Elisa OYJ	3,609		189,431
Enento Group OYJ (D)	860		15,338
EQ OYJ	483		6,812
Finnair OYJ (A)	6,510		22,021
Fiskars OYJ ABP	2,196		31,500
Harvia OYJ	668		27,070
Hiab OYJ	1,532		89,509
HKFoods OYJ (A)	316		546
Huhtamaki OYJ	3,346		116,108
Kalmar OYJ, B Shares	1,532		60,847
Kamux Corp.	1,688		3,968
Kemira OYJ	4,412		99,056
Kesko OYJ, A Shares	2,102		45,088
Kesko OYJ, B Shares	6,750		143,653

 

86

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Finland (continued)
Kojamo OYJ (A)	4,092	$	52,194
Konecranes OYJ	2,704		223,863
Lassila & Tikanoja OYJ	1,929		23,673
Lindex Group OYJ (A)	3,912		13,186
Mandatum OYJ	11,066		74,264
Marimekko OYJ	1,923		28,296
Metsa Board OYJ, B Shares	6,636		23,391
Metso OYJ	11,455		157,899
Nokian Renkaat OYJ (C)	4,287		38,806
Olvi OYJ, A Shares	721		25,372
Oma Saastopankki OYJ	490		6,609
Oriola OYJ, B Shares	9,290		12,579
Orion OYJ, Class A	1,010		77,109
Orion OYJ, Class B	4,839		371,508
Outokumpu OYJ	11,396		52,110
Pihlajalinna OYJ	1,193		22,457
Ponsse OYJ	543		16,976
Puuilo OYJ	3,674		64,102
QT Group OYJ (A)	770		41,430
Raisio OYJ, V Shares	8,267		23,812
Rapala VMC OYJ (A)	908		1,271
Revenio Group OYJ	802		21,804
Sampo OYJ, A Shares	9,122		104,517
Sanoma OYJ	2,692		33,787
Stora Enso OYJ, R Shares	11,015		121,219
Taaleri OYJ	956		8,142
Talenom OYJ	637		2,609
Terveystalo OYJ (D)	4,887		58,186
TietoEVRY OYJ	3,237		58,582
Tokmanni Group Corp.	1,481		15,812
Vaisala OYJ, A Shares	952		49,807
Valmet OYJ	5,558		185,180
Verkkokauppa.com OYJ (A)	1,047		4,545
WithSecure OYJ (A)	7,159		14,277
YIT OYJ (A)	8,449		29,572
			3,031,977
France - 5.1%
74Software SA (A)	456		19,707
AKWEL SADIR	725		8,390
Alstom SA (A)	8,797		230,187
Altamir	752		21,357
Alten SA	815		67,395
Arkema SA	1,679		106,462
Ayvens SA (D)	5,316		64,420
Bastide le Confort Medical (A)	256		7,632
Beneteau SACA	2,130		21,667
Boiron SA	274		9,005
Bonduelle SCA	1,027		9,920
Carrefour SA	10,435		158,140
Catana Group	1,588		6,025
Cegedim SA (A)	495		6,261
Cie des Alpes	998		25,035
Claranova SE (A)	1,250		2,455
Clariane SE (A)	9,440		52,794
Coface SA	5,060		94,613
Derichebourg SA	3,889		24,130
Edenred SE	3,291		78,374
Ekinops SAS (A)	1,302		4,826
Electricite de Strasbourg SA	31		5,870
Elior Group SA (A)(D)	2,910		9,063
Elis SA	7,848		226,527
Eramet SA (C)	530		35,039
Esso SA Francaise	96		11,460
Etablissements Maurel et Prom SA	4,375		25,220
Eurazeo SE	1,843		121,857

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
Eutelsat Communications SACA (A)(C)	6,192	$	24,948
Exel Industries SA, A Shares	89		3,731
FDJ UNITED	4,245		142,344
Fnac Darty SA	779		26,759
Forvia SE (A)	4,253		57,566
Gaztransport Et Technigaz SA	1,530		284,123
Getlink SE	3,464		63,874
Groupe Crit SA	163		11,526
Guerbet (A)	326		5,061
Haulotte Group SA	962		2,281
ID Logistics Group SACA (A)	162		76,706
Imerys SA	1,475		39,025
Infotel SA	348		17,583
Interparfums SA	326		10,784
Ipsen SA	674		90,502
IPSOS SA	1,725		77,076
Jacquet Metals SACA	1,024		22,856
JCDecaux SE	1,836		33,066
Kaufman & Broad SA	593		20,760
Laurent-Perrier	110		11,314
LISI SA	419		22,789
LNA Sante SA	166		5,058
Maisons du Monde SA (A)(D)	1,925		4,222
Manitou BF SA	530		11,661
Mersen SA	1,063		31,505
Metropole Television SA	1,324		19,894
Nacon SA (A)	518		441
Nexans SA	1,314		195,673
Nexity SA (A)	1,974		25,676
NRJ Group	782		7,057
Opmobility	2,278		36,749
OVH Groupe SA (A)	37		535
Pierre Et Vacances SA (A)	10,785		21,496
Pluxee NV	2,176		38,764
Quadient SA	1,652		25,490
Remy Cointreau SA	189		10,249
Renault SA	852		35,033
Rexel SA	8,582		282,548
Robertet SA	12		11,207
Rubis SCA	3,578		134,147
Samse SACA	48		7,045
Savencia SA	372		26,941
SCOR SE	6,971		246,538
SEB SA	1,048		77,383
Seche Environnement SACA	126		10,901
SMCP SA (A)(D)	1,921		14,750
Societe BIC SA	1,106		69,082
Societe LDC SADIR	308		33,151
Sodexo SA	1,017		64,167
SOITEC (A)	623		28,598
Sopra Steria Group	690		131,697
SPIE SA	5,882		317,991
Stef SA	202		28,550
Synergie SE	557		20,874
Technip Energies NV	6,139		289,723
Teleperformance SE	1,915		143,038
Television Francaise 1 SA	1,491		15,203
Thermador Groupe	453		39,610
Tikehau Capital SCA	1,543		33,589
Trigano SA	395		69,154
Ubisoft Entertainment SA (A)	3,448		39,606
Valeo SE	8,798		110,951
Vallourec SACA	7,651		146,041
Vetoquinol SA	105		9,515
Vicat SACA	942		66,309

 

87

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
France (continued)
VIEL & Cie SA	670	$	13,322
Virbac SACA	67		24,837
Viridien (A)	424		32,010
Vivendi SE (A)	21,868		77,208
Voltalia SA (A)(C)	1,403		12,363
VusionGroup	77		23,145
Wavestone	134		7,605
Worldline SA (A)(C)(D)	5,431		17,667
			5,644,474
Georgia - 0.1%
Georgia Capital PLC (A)	1,145		37,198
TBC Bank Group PLC	1,983		121,382
			158,580
Germany - 5.7%
1&1 AG	881		20,812
7C Solarparken AG (A)	2,406		4,723
Adesso SE	207		23,861
Adtran Networks SE	804		20,294
All for One Group SE	130		6,949
Allgeier SE (C)	498		10,829
AlzChem Group AG	439		77,690
Amadeus Fire AG (C)	264		15,521
Atoss Software SE	436		56,395
Aurubis AG	1,338		167,831
Auto1 Group SE (A)	1,150		39,341
Basler AG (A)	486		10,185
BayWa AG (A)(C)	669		6,339
Bechtle AG	3,835		177,288
Bertrandt AG	394		8,610
Bijou Brigitte AG	340		16,176
Bilfinger SE	1,375		151,879
Borussia Dortmund GmbH & Company KGaA	4,276		18,185
BRANICKS Group AG (A)(C)	3,005		6,935
Brenntag SE	1,821		109,119
CANCOM SE	314		9,667
Carl Zeiss Meditec AG, Bearer Shares	182		9,079
CECONOMY AG (A)	8,144		41,998
CENIT AG (A)	446		3,931
Cewe Stiftung & Company KGAA	268		31,478
CTS Eventim AG & Company KGaA	1,378		135,285
Dermapharm Holding SE	849		32,448
Deutsche Beteiligungs AG	631		18,272
Deutsche EuroShop AG	514		11,200
Deutsche Pfandbriefbank AG (D)	6,014		35,463
Deutsche Wohnen SE	952		24,257
Deutz AG	3,432		36,324
Draegerwerk AG & Company KGaA	82		4,928
Duerr AG	2,044		48,140
DWS Group GmbH & Company KGaA (D)	699		43,900
Eckert & Ziegler SE	2,424		50,894
Elmos Semiconductor SE	331		32,020
ElringKlinger AG	2,576		13,959
Energiekontor AG	454		23,485
Evonik Industries AG	4,932		85,763
Evotec SE (A)	1,508		11,045
Fielmann Group AG	1,241		74,980
flatexDEGIRO AG	4,062		133,443
Fraport AG Frankfurt Airport Services Worldwide (A)	1,682		145,564
Freenet AG	5,085		162,689
Friedrich Vorwerk Group SE	1,234		119,142
FUCHS SE	1,198		42,931
GEA Group AG	4,017		296,986

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Gerresheimer AG	1,589	$	66,195
GFT Technologies SE	961		20,594
GRENKE AG	983		19,228
Heidelberger Druckmaschinen AG (A)	18,003		47,528
HelloFresh SE (A)	6,865		59,201
Hensoldt AG	2,642		344,102
Hoenle AG (A)(C)	420		4,070
Hornbach Holding AG & Company KGaA	497		57,311
HUGO BOSS AG	1,924		91,744
Indus Holding AG	776		19,822
Init Innovation in Traffic Systems SE	364		21,561
Instone Real Estate Group SE (D)	2,299		23,222
IONOS Group SE (A)	273		12,776
IVU Traffic Technologies AG	665		15,726
Jenoptik AG	2,248		45,627
JOST Werke SE (D)	517		30,191
K+S AG	7,752		105,294
KION Group AG	2,944		199,738
Knaus Tabbert AG (A)	203		3,752
Koenig & Bauer AG (A)	912		14,822
Krones AG	639		93,361
KWS Saat SE & Company KGaA	556		43,352
LANXESS AG	3,724		92,725
LEG Immobilien SE	3,351		267,068
Leifheit AG	437		7,942
Medios AG (A)	61		964
MLP SE	4,791		41,942
Mutares SE & Company KGaA (C)	663		23,190
Nagarro SE	394		24,107
Nordex SE (A)	2,050		52,655
Norma Group SE	1,576		26,523
PATRIZIA SE	2,719		23,001
Puma SE	3,370		84,016
Rational AG	41		31,331
SAF-Holland SE	1,157		20,157
Salzgitter AG	712		21,592
Schaeffler AG	2,740		18,337
Schott Pharma AG & Company KGaA	420		10,458
Scout24 SE (D)	671		84,182
Secunet Security Networks AG	98		22,008
SGL Carbon SE (A)	3,072		11,401
Siltronic AG	272		14,986
Sixt SE	470		45,594
SMA Solar Technology AG (A)	839		21,332
Stabilus SE	794		23,077
STRATEC SE	258		8,685
Stroeer SE & Company KGaA	1,436		64,043
Suedzucker AG (C)	2,959		32,565
SUSS MicroTec SE	644		23,129
TAG Immobilien AG	7,477		129,356
Takkt AG	1,848		10,835
TeamViewer SE (A)(D)	6,009		61,360
Technotrans SE	530		19,299
thyssenkrupp AG	22,583		311,597
TUI AG (A)	16,120		147,092
United Internet AG	3,058		96,650
Verbio SE	1,012		12,730
Vossloh AG	474		50,524
Wacker Chemie AG	591		44,734
Wacker Neuson SE	1,493		38,678
Washtec AG (C)	611		27,638
Westwing Group SE (A)	132		1,886
Wuestenrot & Wuerttembergische AG	1,566		24,856

 

88

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Germany (continued)
Zalando SE (A)(D)	6,959	$	213,560
			6,255,255
Greece - 0.0%
Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (A)(B)	3,303		0
Okeanis Eco Tankers Corp. (D)	733		21,580
TT Hellenic Postbank SA (A)(B)	12,594		0
			21,580
Guernsey, Channel Islands - 0.0%
Raven Property Group, Ltd. (A)(B)	4,994		0
Hong Kong - 2.0%
3D-Gold Jewellery Holdings, Ltd. (A)(B)	90,000		0
APAC Resources, Ltd.	20,467		4,265
Apollo Future Mobility Group, Ltd. (A)	2,800		237
Asia Financial Holdings, Ltd.	14,000		7,652
Associated International Hotels, Ltd.	28,000		19,069
Bright Smart Securities & Commodities Group, Ltd. (A)(C)	18,000		21,062
Brightoil Petroleum Holdings, Ltd. (A)(B)	117,000		0
Burwill Holdings, Ltd. (A)(B)	292,000		0
Cafe de Coral Holdings, Ltd.	18,000		14,954
Chen Hsong Holdings	10,000		2,335
Cheuk Nang Holdings, Ltd.	3,708		665
China Energy Development Holdings, Ltd. (A)	634,000		2,928
China Solar Energy Holdings, Ltd. (A)(B)	42,500		0
Chinese Estates Holdings, Ltd.	22,000		3,702
Chow Sang Sang Holdings International, Ltd.	22,000		39,096
Chuang's Consortium International, Ltd. (A)	30,948		1,389
CITIC Telecom International Holdings, Ltd.	59,000		18,414
C-Mer Medical Holdings, Ltd.	18,000		4,696
Cowell e Holdings, Inc. (A)	8,000		40,027
Crystal International Group, Ltd. (D)	19,000		16,514
CSC Holdings, Ltd. (A)	885,000		3,298
CSI Properties, Ltd. (A)	343,092		8,395
CTF Services, Ltd.	53,000		57,335
Dah Sing Banking Group, Ltd.	18,000		22,659
Dah Sing Financial Holdings, Ltd.	6,520		28,428
Deep Source Holdings, Ltd. (A)	130,000		12,192
DFI Retail Group Holdings, Ltd.	7,100		23,149
EC Healthcare	13,000		1,219
EganaGoldpfeil Holdings, Ltd. (A)(B)	103,373		0
Esprit Holdings, Ltd. (A)	17,685		3,154
Fairwood Holdings, Ltd.	3,500		2,382
Far East Consortium International, Ltd.	98,508		9,759
First Pacific Company, Ltd.	76,000		63,712
Giordano International, Ltd.	82,000		16,018
Gold-Finance Holdings, Ltd. (A)(B)	62,000		0
GR Life Style Company, Ltd. (A)	82,000		20,342
Great Eagle Holdings, Ltd.	10,516		19,262
G-Resources Group, Ltd.	13,580		15,834
Guotai Junan International Holdings, Ltd. (C)	83,000		47,729
Hang Lung Group, Ltd.	31,000		58,447
Hang Lung Properties, Ltd.	35,335		39,580
Harbour Centre Development, Ltd.	38,000		21,016
HKR International, Ltd. (A)	51,920		7,131

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hong Kong (continued)
Hong Kong Ferry Holdings Company, Ltd.	29,000	$	18,489
Hong Kong Technology Venture Company, Ltd.	28,000		5,564
Hsin Chong Group Holdings, Ltd. (A)(B)	170,000		0
Hutchison Port Holdings Trust	161,400		32,303
Hutchison Telecommunications Hong Kong Holdings, Ltd.	80,000		11,313
Hysan Development Company, Ltd.	25,000		51,096
Johnson Electric Holdings, Ltd.	10,193		53,330
K Wah International Holdings, Ltd.	80,000		21,993
Kerry Properties, Ltd.	23,500		62,856
KLN Logistics Group, Ltd.	16,500		15,676
Kowloon Development Company, Ltd.	24,422		11,450
Lai Sun Development Company, Ltd. (A)	22,980		1,895
Langham Hospitality Investments, Ltd.	22,500		1,416
Liu Chong Hing Investment, Ltd.	16,000		9,184
Luk Fook Holdings International, Ltd.	15,000		48,047
Man Wah Holdings, Ltd.	61,600		34,050
Mandarin Oriental International, Ltd.	8,000		18,826
Melco International Development, Ltd. (A)	33,000		26,653
MH Development, Ltd. (A)(B)	16,000		0
Midland Holdings, Ltd. (A)	34,734		8,916
Miramar Hotel & Investment	15,000		18,885
Modern Dental Group, Ltd.	20,000		13,492
New World Development Company, Ltd. (A)	38,000		38,110
NewOcean Energy Holdings, Ltd. (A)(B)	66,000		0
Nissin Foods Company, Ltd.	22,000		19,589
Oriental Watch Holdings	18,000		7,772
Oshidori International Holdings, Ltd. (A)	204,000		13,063
Pacific Andes International Holdings, Ltd. (A)(B)	328,006		0
Pacific Basin Shipping, Ltd.	138,000		44,427
Pacific Textiles Holdings, Ltd.	42,000		8,043
PC Partner Group, Ltd.	12,000		9,406
PCCW, Ltd.	96,590		66,140
Peace Mark Holdings, Ltd. (A)(B)	164,000		0
Perfect Medical Health Management, Ltd.	32,000		5,718
Pico Far East Holdings, Ltd.	60,000		20,335
Plover Bay Technologies, Ltd.	15,000		13,216
Public Financial Holdings, Ltd.	24,000		3,773
Regal Hotels International Holdings, Ltd. (A)	36,000		2,786
Regina Miracle International Holdings, Ltd. (D)	17,000		4,709
Shangri-La Asia, Ltd.	46,000		26,873
Shun Tak Holdings, Ltd. (A)	80,250		8,548
Singamas Container Holdings, Ltd.	114,000		9,818
SJM Holdings, Ltd. (A)(C)	118,750		50,632
SmarTone Telecommunications Holdings, Ltd.	31,500		18,817
Solomon Systech International, Ltd. (A)	72,000		5,459
South China Holdings Company, Ltd. (A)	640,000		2,776
Stella International Holdings, Ltd.	20,000		39,455
Sun Hung Kai & Company, Ltd.	45,000		23,014
SUNeVision Holdings, Ltd.	31,000		27,354
Television Broadcasts, Ltd. (A)	19,100		8,444
Texhong International Group, Ltd.	11,000		6,932
Texwinca Holdings, Ltd.	60,000		6,004
The Bank of East Asia, Ltd.	35,959		55,999

 

89

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	$	23,878
Town Health International Medical Group, Ltd.	261,361		8,889
Tradelink Electronic Commerce, Ltd.	50,000		6,552
Transport International Holdings, Ltd.	13,024		17,668
United Laboratories International Holdings, Ltd.	34,000		65,803
Upbest Group, Ltd.	164,000		14,741
Value Partners Group, Ltd.	40,000		13,570
Vitasoy International Holdings, Ltd.	34,000		36,875
Vobile Group, Ltd. (A)(C)	73,000		56,040
VSTECS Holdings, Ltd.	17,200		23,754
VTech Holdings, Ltd.	6,900		55,602
Wealthink AI-Innovation Capital, Ltd. (A)	32,000		736
Wing On Company International, Ltd.	4,000		6,926
Wing Tai Properties, Ltd.	70,000		14,200
Xinyi Glass Holdings, Ltd.	47,741		55,313
Yue Yuen Industrial Holdings, Ltd.	30,000		51,023
Yunfeng Financial Group, Ltd. (A)	26,000		17,240
Zhaobangji Lifestyle Holdings, Ltd. (A)	88,000		2,866
			2,162,368
Ireland - 0.7%
C&C Group PLC	17,690		32,880
Cairn Homes PLC	30,473		68,693
COSMO Pharmaceuticals NV	420		34,318
Dalata Hotel Group PLC	6,155		46,277
DCC PLC	2,009		129,323
FBD Holdings PLC	1,936		31,919
Glanbia PLC	6,256		103,097
Glenveagh Properties PLC (A)(D)	24,326		55,387
Grafton Group PLC, CHESS Depositary Interest	7,751		95,367
Greencore Group PLC	23,988		73,768
Irish Continental Group PLC	5,309		36,040
Permanent TSB Group Holdings PLC (A)	5,786		15,738
			722,807
Isle of Man - 0.1%
Playtech PLC	11,001		54,663
Strix Group PLC (A)	6,042		3,247
			57,910
Israel - 1.0%
Adgar Investment and Development, Ltd. (A)	4,535		6,843
AFI Properties, Ltd. (A)	174		11,032
Africa Israel Residences, Ltd.	355		27,896
Airport City, Ltd. (A)	1		11
Allot, Ltd. (A)	2,103		21,848
Alrov Properties and Lodgings, Ltd.	399		31,556
Arad, Ltd.	787		12,858
Ashdod Refinery, Ltd. (A)	345		5,837
AudioCodes, Ltd.	1,269		12,081
Automatic Bank Services, Ltd.	1,109		7,808
Azorim-Investment Development & Construction Company, Ltd.	3,848		23,493
Blue Square Real Estate, Ltd.	215		23,474
Carasso Motors, Ltd.	2,020		24,724
Cellcom Israel, Ltd. (A)	2,530		25,216
Danel Adir Yeoshua, Ltd.	253		38,758
Delek Automotive Systems, Ltd.	633		4,663
Delta Galil, Ltd.	495		26,012
Dor Alon Energy in Israel 1988, Ltd.	420		16,467

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Israel (continued)
Doral Group Renewable Energy Resources, Ltd. (A)	3,049	$	15,616
Duniec Brothers, Ltd.	217		16,239
Electra Consumer Products 1970, Ltd.	445		15,508
Equital, Ltd. (A)	1		27
Fox Wizel, Ltd.	228		24,137
Gilat Satellite Networks, Ltd. (A)	1,452		18,503
Hamat Group, Ltd.	1,230		5,359
IDI Insurance Company, Ltd.	440		27,147
IES Holdings, Ltd. (A)	120		10,905
Ilex Medical, Ltd.	211		4,247
Inrom Construction Industries, Ltd.	4,264		28,072
Isracard, Ltd.	6,691		27,028
Israel Discount Bank, Ltd., Class A	1		8
Isras Investment Company, Ltd.	75		19,951
Issta, Ltd.	219		7,128
Kamada, Ltd.	1,616		11,268
Kerur Holdings, Ltd.	418		10,736
Kvutzat Acro, Ltd.	1,118		15,726
Land Development Nimrodi Group, Ltd.	789		8,766
Lapidoth Capital, Ltd.	571		13,912
M Yochananof & Sons, Ltd.	155		12,888
Magic Software Enterprises, Ltd.	1,349		27,413
Malam - Team, Ltd. (A)	476		17,399
Maytronics, Ltd. (A)	960		1,343
Mediterranean Towers, Ltd.	4,044		16,554
Meshulam Levinstein Contracting & Engineering, Ltd.	56		7,704
Mivtach Shamir Holdings, Ltd.	243		20,185
Nawi Group, Ltd.	1,396		21,805
Neto Malinda Trading, Ltd.	451		18,080
Nexxen International, Ltd. (A)(C)	1,412		13,061
Novolog, Ltd.	20,186		7,900
Oil Refineries, Ltd.	28,946		7,813
OPC Energy, Ltd. (A)	1		15
OY Nofar Energy, Ltd. (A)	443		14,099
Palram Industries 1990, Ltd.	600		13,907
Perion Network, Ltd. (A)	689		6,659
Plasson Industries, Ltd.	241		14,549
Plus500, Ltd.	3,252		140,942
Prashkovsky Investments and Construction, Ltd.	318		12,803
Priortech, Ltd. (A)	217		12,958
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.	323		29,780
Retailors, Ltd.	748		14,502
Sano-Brunos Enterprises, Ltd.	145		15,321
Scope Metals Group, Ltd.	377		17,552
Shikun & Binui, Ltd. (A)	1		4
Summit Real Estate Holdings, Ltd.	1,022		19,744
Tadiran Group, Ltd.	86		4,312
Tamar Petroleum, Ltd. (D)	1,923		26,390
Telsys, Ltd.	84		4,863
Tera Light, Ltd. (A)	32		115
Tiv Taam Holdings 1, Ltd.	3,848		10,059
			1,131,579
Italy - 3.7%
A2A SpA	61,455		160,830
ACEA SpA	1,344		32,411
Amplifon SpA	3,025		49,338
Aquafil SpA (A)	969		2,152
Arnoldo Mondadori Editore SpA	7,965		20,084
Ascopiave SpA	4,243		15,200
Avio SpA	288		18,156
Azimut Holding SpA	4,425		171,439

 

90

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Banca Generali SpA	2,463	$	137,675
Banca IFIS SpA	633		16,802
Banca Monte dei Paschi di Siena SpA	21,956		195,369
Banca Profilo SpA	24,032		4,900
Banco di Desio e della Brianza SpA	2,610		23,613
BasicNet SpA	1,571		13,014
BFF Bank SpA (A)(D)	6,472		83,150
Brembo NV	5,497		58,182
Brunello Cucinelli SpA	1,628		178,353
Buzzi SpA	2,278		125,529
Cairo Communication SpA (A)	4,712		15,434
Carel Industries SpA (D)	660		17,346
Cembre SpA	370		23,632
Cementir Holding NV	2,219		37,072
CIR SpA-Compagnie Industriali (A)	42,681		32,767
Credito Emiliano SpA	3,091		49,901
Danieli & C Officine Meccaniche SpA	197		10,105
Danieli & C Officine Meccaniche SpA, Savings Shares	2,118		76,626
De'Longhi SpA	1,031		37,387
Enav SpA (D)	10,341		52,560
ERG SpA	1,359		33,556
Esprinet SpA	2,412		16,699
Fila SpA	2,245		24,599
Fincantieri SpA (A)	3,166		83,233
Garofalo Health Care SpA	1,776		10,480
Geox SpA (A)	11,885		4,425
Hera SpA	33,574		151,169
IMMSI SpA	6,756		4,705
Intercos SpA	1,065		15,092
Interpump Group SpA	506		23,260
Iren SpA	30,720		95,181
Italgas SpA	23,782		219,076
Italmobiliare SpA	405		14,549
Iveco Group NV	7,049		152,747
Lottomatica Group SpA	4,956		133,385
Maire SpA	7,306		108,367
MARR SpA	998		10,808
MFE-MediaForEurope NV, Class A	6,924		25,884
MFE-MediaForEurope NV, Class A (Berlin Stock Exchange)	7,138		26,031
MFE-MediaForEurope NV, Class B	3,783		19,281
Moltiply Group SpA	424		20,703
Nexi SpA (D)	13,328		75,507
OVS SpA (D)	5,774		28,479
Pharmanutra SpA	268		12,492
Piaggio & C SpA	4,580		10,559
Pirelli & C. SpA (D)	12,309		84,017
RAI Way SpA (D)	5,678		40,219
Recordati Industria Chimica e Farmaceutica SpA	703		42,908
Reply SpA	1,004		143,316
Sabaf SpA	338		5,466
Safilo Group SpA (A)	8,728		16,707
Saipem SpA	62,658		181,387
Sanlorenzo SpA	556		23,007
Sesa SpA	103		10,496
Sogefi SpA	3,551		10,884
SOL SpA	1,145		68,225
Tamburi Investment Partners SpA	4,666		45,818
Technogym SpA (D)	4,677		79,422
Telecom Italia SpA (A)	374,631		196,285
Telecom Italia SpA, Savings Shares (A)	111,439		64,590
Webuild SpA	14,544		60,547

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Italy (continued)
Wiit SpA	839	$	19,188
			4,071,776
Japan - 22.5%
A&D HOLON Holdings Company, Ltd.	900		12,319
Achilles Corp.	1,000		8,276
ADEKA Corp.	3,600		80,197
Ad-sol Nissin Corp.	1,600		14,479
Advan Group Company, Ltd.	1,000		5,951
Aeon Fantasy Company, Ltd.	400		9,855
AEON Financial Service Company, Ltd.	4,300		43,766
Aeon Hokkaido Corp.	1,800		10,951
Ai Holdings Corp.	1,900		35,970
Aica Kogyo Company, Ltd.	1,800		45,282
Aichi Corp.	1,800		16,609
Aichi Steel Corp.	800		14,568
Aichi Tokei Denki Company, Ltd.	900		17,008
Aida Engineering, Ltd.	2,700		17,054
Aiful Corp.	8,600		28,955
Ain Holdings, Inc.	1,100		51,938
Aiphone Company, Ltd.	600		11,619
Airman Corp.	1,200		15,891
Airport Facilities Company, Ltd.	1,200		8,555
Airtrip Corp.	900		5,956
Aisan Industry Company, Ltd.	800		10,128
Akatsuki, Inc.	400		7,301
Akebono Brake Industry Company, Ltd. (A)	9,400		7,295
Albis Company, Ltd.	500		9,681
Alconix Corp.	1,600		22,862
Alfresa Holdings Corp.	800		11,453
Alpen Company, Ltd.	1,100		17,524
Alps Alpine Company, Ltd.	7,000		88,606
Altech Corp.	1,100		20,763
Amano Corp.	2,200		62,351
Amuse, Inc.	400		5,534
Amvis Holdings, Inc.	300		1,226
and ST HD Company, Ltd.	620		12,556
Anest Iwata Corp.	1,800		19,059
Anicom Holdings, Inc.	3,700		20,612
Anycolor, Inc.	1,400		53,335
AOKI Holdings, Inc.	1,700		20,414
Aoyama Trading Company, Ltd.	2,500		41,212
Aoyama Zaisan Networks Company, Ltd.	1,100		15,172
Arakawa Chemical Industries, Ltd.	1,400		10,364
Arata Corp.	1,400		29,378
ARCLANDS Corp.	1,770		23,307
Arcs Company, Ltd.	2,125		45,361
ARE Holdings, Inc.	3,600		52,267
Arealink Company, Ltd.	1,000		15,069
Argo Graphics, Inc.	4,000		33,453
Arisawa Manufacturing Company, Ltd.	600		6,559
Artience Company, Ltd.	1,100		23,243
As One Corp.	2,000		33,212
Asahi Company, Ltd.	800		7,596
Asahi Diamond Industrial Company, Ltd.	3,900		22,894
Asahi Yukizai Corp.	400		12,414
ASKA Pharmaceutical Holdings Company, Ltd.	800		12,373
ASKUL Corp.	2,000		21,183
Atsugi Company, Ltd. (A)	1,200		9,175
Aucnet, Inc.	2,200		27,600
Autobacs Seven Company, Ltd.	3,400		37,115
Avant Group Corp.	900		9,305
Avex, Inc.	2,800		23,978
Axial Retailing, Inc.	3,200		25,346

 

91

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
AZ-COM MARUWA Holdings, Inc.	3,100	$	22,385
Bando Chemical Industries, Ltd.	1,600		21,219
Bank of the Ryukyus, Ltd.	800		7,960
Belc Company, Ltd.	500		26,113
Bell System24 Holdings, Inc.	1,300		11,736
Belluna Company, Ltd.	3,300		22,814
Bic Camera, Inc.	3,800		42,001
BML, Inc.	1,000		24,994
Bourbon Corp.	500		8,484
Br. Holdings Corp.	2,300		5,257
BrainPad, Inc.	900		8,418
Buffalo, Inc.	500		12,102
Bunka Shutter Company, Ltd.	1,600		24,659
Business Brain Showa-Ota, Inc.	700		14,016
C Uyemura & Company, Ltd.	500		39,501
CAC Holdings Corp.	900		13,261
Calbee, Inc.	1,300		25,111
Canon Electronics, Inc.	900		16,593
Carenet, Inc.	1,200		9,046
Carlit Company, Ltd.	2,100		18,616
Cawachi, Ltd.	900		17,982
Celsys, Inc.	1,100		13,947
Central Automotive Products, Ltd.	1,500		18,661
Central Glass Company, Ltd.	800		17,685
Central Security Patrols Company, Ltd.	700		12,116
Central Sports Company, Ltd.	600		9,815
Ceres, Inc.	600		10,399
Change Holdings, Inc.	1,700		13,108
Charm Care Corp. KK	1,000		7,620
Chino Corp.	800		7,026
Chiyoda Company, Ltd.	800		6,498
Chiyoda Integre Company, Ltd.	800		17,781
Chori Company, Ltd.	800		21,266
Chudenko Corp.	1,300		34,584
Chuetsu Pulp & Paper Company, Ltd.	500		5,727
Chugai Ro Company, Ltd.	500		14,722
Chugin Financial Group, Inc.	6,700		98,360
Chugoku Marine Paints, Ltd.	1,400		33,910
Citizen Watch Company, Ltd.	8,700		58,975
CKD Corp.	2,400		44,523
Cleanup Corp.	2,100		11,241
CMK Corp.	3,700		8,745
COLOPL, Inc.	3,200		10,371
Colowide Company, Ltd.	3,200		39,514
Comture Corp.	1,000		10,976
Corona Corp.	300		1,963
Cosel Company, Ltd.	1,200		9,732
Cota Company, Ltd.	643		5,973
Create Restaurants Holdings, Inc.	11,600		60,625
Create SD Holdings Company, Ltd.	1,100		24,675
Creek & River Company, Ltd.	800		8,134
Cresco, Ltd.	1,600		17,860
CTS Company, Ltd.	1,900		11,777
Curves Holdings Company, Ltd.	2,000		11,273
Cybozu, Inc.	900		20,779
Dai Nippon Toryo Company, Ltd.	1,200		10,443
Daicel Corp.	2,100		19,118
Dai-Dan Company, Ltd.	1,200		50,210
Daido Metal Company, Ltd.	1,900		12,703
Daido Steel Company, Ltd.	4,600		39,710
Daiei Kankyo Company, Ltd.	700		15,825
Daihen Corp.	500		27,762
Daiichi Jitsugyo Company, Ltd.	1,200		22,050
Daiichi Kensetsu Corp.	1,300		28,538

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	1,800	$	8,445
Daiichikosho Company, Ltd.	2,800		31,669
Daiken Medical Company, Ltd.	400		1,228
Daiki Aluminium Industry Company, Ltd.	1,500		11,423
Daikoku Denki Company, Ltd.	800		14,237
Daikokutenbussan Company, Ltd.	300		14,613
Daikyonishikawa Corp.	1,900		9,413
Dainichiseika Color & Chemicals Manufacturing Company, Ltd.	300		7,905
Daio Paper Corp.	4,200		25,272
Daiseki Company, Ltd.	1,360		31,415
Daishi Hokuetsu Financial Group, Inc.	6,600		63,858
Daishinku Corp.	1,600		6,224
Daito Pharmaceutical Company, Ltd.	1,540		12,807
Daitron Company, Ltd.	600		17,791
Daiwa Industries, Ltd.	2,000		22,430
Daiwabo Holdings Company, Ltd.	2,900		57,788
DCM Holdings Company, Ltd.	5,100		55,240
DeNA Company, Ltd.	1,100		17,275
Denka Company, Ltd.	3,400		52,375
Densan System Holdings Company, Ltd.	700		16,930
Denyo Company, Ltd.	900		18,029
Dexerials Corp.	2,700		41,403
DIC Corp.	2,700		66,553
Digital Hearts Holdings Company, Ltd.	900		5,915
Digital Holdings, Inc.	600		8,106
Dip Corp.	1,400		22,014
DKK Company, Ltd.	1,000		13,491
DKS Company, Ltd.	400		15,959
Doshisha Company, Ltd.	1,000		19,084
Doutor Nichires Holdings Company, Ltd.	1,000		17,782
Dowa Holdings Company, Ltd.	2,100		76,507
DTS Corp.	5,200		46,006
Duskin Company, Ltd.	1,600		41,663
DyDo Group Holdings, Inc.	600		10,205
Eagle Industry Company, Ltd.	1,300		23,031
Ebara Jitsugyo Company, Ltd.	800		24,807
Ebase Company, Ltd.	1,200		4,031
EDION Corp.	2,700		39,504
EF-ON, Inc.	1,500		4,414
eGuarantee, Inc.	2,000		22,119
E-Guardian, Inc.	284		3,802
Eizo Corp.	1,600		23,651
Elan Corp.	700		3,732
Elecom Company, Ltd.	1,600		19,925
EM Systems Company, Ltd.	1,400		7,204
en-japan, Inc.	800		8,810
Enplas Corp.	300		11,327
eRex Company, Ltd.	1,900		9,444
ES-Con Japan, Ltd.	1,500		10,464
ESPEC Corp.	800		18,583
Exedy Corp.	700		24,585
EXEO Group, Inc.	6,400		92,611
Ezaki Glico Company, Ltd.	2,000		68,454
FCC Company, Ltd.	1,100		23,872
FDK Corp. (A)	300		767
Feed One Company, Ltd.	1,600		12,246
Ferrotec Corp.	2,000		53,999
Financial Partners Group Company, Ltd.	1,100		17,656
FP Corp.	1,100		18,710
France Bed Holdings Company, Ltd.	2,200		19,149
Fudo Tetra Corp.	1,080		19,547
Fuji Company, Ltd.	800		10,922

 

92

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Fuji Corp. (Aichi)	2,600	$	47,356
Fuji Corp., Ltd.	1,300		7,127
Fuji Kyuko Company, Ltd.	800		13,908
Fuji Oil Company, Ltd.	4,400		14,224
Fuji Oil Company, Ltd. (Osaka)	1,400		33,939
Fuji Pharma Company, Ltd.	1,400		14,661
Fuji Seal International, Inc.	2,100		40,349
Fujibo Holdings, Inc.	700		30,676
Fujicco Company, Ltd.	1,500		16,688
Fujikura Kasei Company, Ltd.	2,000		8,228
Fujimi, Inc.	2,400		35,039
Fujisash Company, Ltd.	490		2,848
Fujita Kanko, Inc. (A)	200		14,161
Fujiya Company, Ltd.	500		8,789
Fukuda Corp.	200		9,527
Fukuda Denshi Company, Ltd.	700		31,845
Fukui Computer Holdings, Inc.	300		6,768
Fukuyama Transporting Company, Ltd.	1,000		24,863
FULLCAST Holdings Company, Ltd.	1,000		11,992
Funai Soken Holdings, Inc.	1,800		31,407
Furuno Electric Company, Ltd.	800		30,598
Furuya Metal Company, Ltd.	900		17,008
Furyu Corp.	1,300		9,704
Fuso Chemical Company, Ltd.	1,000		33,082
Fuso Pharmaceutical Industries, Ltd.	500		7,233
Futaba Corp.	1,600		7,179
Futaba Industrial Company, Ltd.	3,400		22,068
Future Corp.	2,400		37,659
Fuyo General Lease Company, Ltd.	1,200		35,864
G-7 Holdings, Inc.	2,000		17,058
Gakken Holdings Company, Ltd.	1,600		11,408
Galilei Company, Ltd.	1,000		25,579
Gecoss Corp.	400		3,753
Geo Holdings Corp.	1,900		21,184
GLOBERIDE, Inc.	1,200		19,764
Glory, Ltd.	2,100		51,949
GMO Financial Gate, Inc.	400		16,639
GMO Financial Holdings, Inc.	1,600		10,574
GMO GlobalSign Holdings KK	500		7,280
GMO internet group, Inc.	1,900		46,473
Goldcrest Company, Ltd.	990		22,458
Goldwin, Inc.	1,200		20,414
Grems, Inc.	800		13,196
GS Yuasa Corp.	3,000		70,874
G-Tekt Corp.	1,200		16,073
Gun-Ei Chemical Industry Company, Ltd.	400		9,081
Gunze, Ltd.	1,600		40,871
H.U. Group Holdings, Inc.	1,600		37,013
H2O Retailing Corp.	2,600		38,100
Hagihara Industries, Inc.	800		9,242
Hagiwara Electric Holdings Company, Ltd.	500		11,857
Hakudo Company, Ltd.	600		9,083
Halows Company, Ltd.	600		20,270
Hamakyorex Company, Ltd.	2,800		29,679
Hanwa Company, Ltd.	1,500		63,788
Hazama Ando Corp.	5,490		62,117
Heiwa Corp.	1,500		21,316
Heiwado Company, Ltd.	500		9,819
Hennge KK	1,000		10,880
Hiday Hidaka Corp.	600		14,517
HI-LEX Corp.	600		10,945
Hino Motors, Ltd. (A)	10,400		27,155
Hioki EE Corp.	500		20,516

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Hirano Tecseed Company, Ltd.	1,100	$	11,896
Hirogin Holdings, Inc.	10,600		103,121
Hiroshima Gas Company, Ltd.	4,900		12,683
Hisaka Works, Ltd.	2,000		18,222
Hochiki Corp.	600		15,892
Hokkaido Electric Power Company, Inc.	5,900		43,182
Hokkaido Gas Company, Ltd.	3,000		13,888
Hokkan Holdings, Ltd.	1,000		15,107
Hokko Chemical Industry Company, Ltd.	700		8,001
Hokkoku Financial Holdings, Inc.	9,000		41,724
Hokuetsu Corp. (C)	4,900		32,971
Hokuhoku Financial Group, Inc.	4,900		127,989
Hokuriku Electric Power Company	7,400		42,225
Hokuto Corp.	1,600		20,652
H-One Company, Ltd.	1,000		9,843
Honeys Holdings Company, Ltd.	1,350		14,094
Hoosiers Holdings Company, Ltd.	2,100		18,404
Hosiden Corp.	1,700		26,994
Hosokawa Micron Corp.	600		23,572
HS Holdings Company, Ltd.	1,000		6,818
IBJ, Inc.	1,800		10,624
Ichikoh Industries, Ltd.	2,300		6,884
Ichiyoshi Securities Company, Ltd.	2,800		15,957
Icom, Inc.	500		10,183
IDEC Corp.	1,600		26,142
IDOM, Inc.	1,300		9,226
Iino Kaiun Kaisha, Ltd.	2,900		23,194
Imasen Electric Industrial	500		2,518
Imuraya Group Company, Ltd.	300		5,114
Inaba Denki Sangyo Company, Ltd.	2,100		59,647
Inaba Seisakusho Company, Ltd.	200		2,313
Inabata & Company, Ltd.	2,000		47,161
Ines Corp.	900		12,250
i-Net Corp.	900		10,517
INFRONEER Holdings, Inc.	4,200		43,672
Insource Company, Ltd.	300		1,950
Intage Holdings, Inc.	468		5,434
Inui Global Logistics Company, Ltd.	1,600		17,707
IR Japan Holdings, Ltd.	400		2,234
Iriso Electronics Company, Ltd.	1,000		19,934
Iseki & Company, Ltd.	1,200		18,231
Ishihara Sangyo Kaisha, Ltd.	2,100		32,850
ITFOR, Inc.	1,000		10,173
ITmedia, Inc.	900		10,118
Ito En, Ltd.	1,900		44,721
Itochu Enex Company, Ltd.	2,700		36,079
Itochu-Shokuhin Company, Ltd.	300		20,764
Itoham Yonekyu Holdings, Inc.	1,100		42,314
Itoki Corp.	2,100		34,808
IwaiCosmo Holdings, Inc.	900		16,546
Iwatani Corp.	3,000		32,775
Izumi Company, Ltd.	1,400		30,887
J Trust Company, Ltd.	6,286		18,861
Jaccs Company, Ltd.	900		25,811
Jade Group, Inc. (A)	400		3,783
JAFCO Group Company, Ltd.	1,200		20,978
JANOME Corp.	1,200		9,422
Japan Airport Terminal Company, Ltd.	400		12,748
Japan Aviation Electronics Industry, Ltd.	2,300		39,039
Japan Cash Machine Company, Ltd.	700		4,677
Japan Communications, Inc. (A)	15,200		15,022
Japan Elevator Service Holdings Company, Ltd.	4,000		50,772
Japan Investment Adviser Company, Ltd.	2,000		27,004
Japan Lifeline Company, Ltd.	3,000		30,612

 

93

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Japan Material Company, Ltd.	2,900	$	35,752
Japan Medical Dynamic Marketing, Inc.	900		3,077
Japan Petroleum Exploration Company, Ltd.	6,500		56,638
Japan Property Management Center Company, Ltd.	800		7,126
Japan Pulp & Paper Company, Ltd.	6,000		28,945
Japan Securities Finance Company, Ltd.	3,300		41,498
Japan Transcity Corp.	3,100		24,128
Japan Wool Textile Company, Ltd.	1,500		16,868
JBCC Holdings, Inc.	2,400		21,204
JCU Corp.	800		24,644
Jeol, Ltd.	1,500		51,386
JGC Holdings Corp.	5,700		58,190
JINS Holdings, Inc.	300		18,583
JINUSHI Company, Ltd.	1,100		22,702
JM Holdings Company, Ltd.	600		12,364
JMS Company, Ltd.	500		1,488
J-Oil Mills, Inc.	1,200		16,667
Joshin Denki Company, Ltd.	1,100		19,114
Joyful Honda Company, Ltd.	1,900		27,935
JSB Company, Ltd.	800		22,280
JSP Corp.	800		10,489
JTEKT Corp.	5,200		51,603
Juki Corp. (A)	1,400		4,077
Juroku Financial Group, Inc.	1,300		48,358
Justsystems Corp.	800		25,909
JVCKenwood Corp.	6,770		52,680
K&O Energy Group, Inc.	800		17,498
Kaga Electronics Company, Ltd.	1,200		28,707
Kagome Company, Ltd.	2,300		44,756
Kaken Pharmaceutical Company, Ltd.	1,200		29,651
Kakiyasu Honten Company, Ltd.	500		9,093
Kamakura Shinsho, Ltd.	1,200		4,832
Kameda Seika Company, Ltd.	700		19,544
Kamei Corp.	1,300		25,366
Kanaden Corp.	1,100		15,446
Kanadevia Corp.	5,500		38,018
Kanagawa Chuo Kotsu Company, Ltd.	700		17,538
Kanamic Network Company, Ltd.	600		1,921
Kanamoto Company, Ltd.	600		14,595
Kaneka Corp.	1,400		39,817
Kanematsu Corp.	3,500		73,724
Kanto Denka Kogyo Company, Ltd.	2,000		12,946
Katitas Company, Ltd.	1,800		34,092
Kato Sangyo Company, Ltd.	1,100		43,276
Kato Works Company, Ltd.	400		3,784
Kawada Technologies, Inc.	600		16,112
KeePer Technical Laboratory Company, Ltd. (C)	500		12,634
Keihan Holdings Company, Ltd.	2,200		49,976
Keihanshin Building Company, Ltd.	2,000		22,124
Keikyu Corp.	3,000		30,442
Kenko Mayonnaise Company, Ltd.	900		11,935
KH Neochem Company, Ltd.	1,500		28,242
Kimoto Company, Ltd.	3,000		5,167
King Jim Company, Ltd.	1,400		7,979
Kissei Pharmaceutical Company, Ltd.	1,100		32,030
Ki-Star Real Estate Company, Ltd.	600		22,719
Kitz Corp.	1,500		17,101
Koa Corp.	1,700		13,425
Koatsu Gas Kogyo Company, Ltd.	3,000		21,050
Kobe Electric Railway Company, Ltd.	300		5,061
Kohnan Shoji Company, Ltd.	1,200		34,177
Kokuyo Company, Ltd.	11,600		69,085

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Komatsu Matere Company, Ltd.	1,700	$	9,717
KOMEDA Holdings Company, Ltd.	2,000		42,003
Komeri Company, Ltd.	1,500		33,441
Komori Corp.	2,300		23,600
Kondotec, Inc.	1,300		14,666
Konica Minolta, Inc.	14,200		50,518
Konishi Company, Ltd.	3,100		27,042
Konoike Transport Company, Ltd.	1,700		37,629
Kose Corp.	300		12,021
Koshidaka Holdings Company, Ltd.	1,500		13,907
Kotobuki Spirits Company, Ltd.	2,500		30,626
Krosaki Harima Corp.	500		13,938
KRS Corp.	1,100		23,673
K's Holdings Corp.	5,700		61,569
Kumagai Gumi Company, Ltd.	5,200		44,012
Kumiai Chemical Industry Company, Ltd.	3,400		19,014
Kura Sushi, Inc.	1,100		25,219
Kurabo Industries, Ltd.	300		14,303
Kureha Corp.	1,500		38,725
Kurimoto, Ltd.	1,000		12,483
Kusuri no Aoki Holdings Company, Ltd.	2,100		56,835
KYB Corp.	2,000		53,012
Kyodo Printing Company, Ltd.	2,000		20,349
Kyoei Steel, Ltd.	300		4,647
Kyokuto Kaihatsu Kogyo Company, Ltd.	900		16,544
Kyokuyo Company, Ltd.	700		23,392
Kyorin Pharmaceutical Company, Ltd.	1,900		19,027
Kyoritsu Maintenance Company, Ltd.	2,800		60,510
Kyosan Electric Manufacturing Company, Ltd.	2,000		7,063
Kyudenko Corp.	300		14,510
Kyushu Financial Group, Inc.	6,300		38,665
LA Holdings Company, Ltd.	200		12,261
LEC, Inc.	1,600		12,537
Leopalace21 Corp.	6,400		30,895
Life Corp.	1,600		27,298
Lifedrink Company, Inc.	1,600		24,603
LIFULL Company, Ltd.	3,800		5,369
Link And Motivation, Inc.	2,300		8,230
Lintec Corp.	1,900		46,704
Litalico, Inc.	1,300		11,906
M&A Capital Partners Company, Ltd.	1,000		21,761
Mabuchi Motor Company, Ltd.	3,200		55,977
Macnica Holdings, Inc.	4,400		60,883
Maeda Kosen Company, Ltd.	2,200		28,852
Maezawa Kasei Industries Company, Ltd.	1,100		16,078
Maezawa Kyuso Industries Company, Ltd.	1,800		18,122
Makino Milling Machine Company, Ltd.	800		61,982
Management Solutions Company, Ltd.	1,300		12,931
Mandom Corp.	1,600		24,108
Mani, Inc.	3,500		30,121
MarkLines Company, Ltd.	400		5,587
Mars Group Holdings Corp.	700		14,504
Marubun Corp.	200		1,656
Marudai Food Company, Ltd.	1,600		21,915
Maruha Nichiro Corp.	1,400		32,449
Maruichi Steel Tube, Ltd.	8,100		70,480
MARUKA FURUSATO Corp.	700		11,040
Marvelous, Inc.	1,400		5,823
Matsuda Sangyo Company, Ltd.	500		14,155
Matsui Securities Company, Ltd. (C)	4,900		25,420
Matsuyafoods Holdings Company, Ltd.	200		8,107

 

94

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Max Company, Ltd.	700	$	26,631
Maxell, Ltd.	2,200		31,710
Maxvalu Tokai Company, Ltd.	1,100		25,889
MCJ Company, Ltd.	3,200		29,708
MEC Company, Ltd.	700		18,126
Media Do Company, Ltd.	600		7,750
Medikit Company, Ltd.	500		9,342
Medley, Inc. (A)	800		13,168
Megmilk Snow Brand Company, Ltd.	1,400		28,026
Meidensha Corp.	800		31,756
Meiko Electronics Company, Ltd.	600		39,847
MEITEC Group Holdings, Inc.	2,000		43,143
Meito Company, Ltd. (C)	900		13,497
Menicon Company, Ltd.	2,500		19,253
Mercari, Inc. (A)	2,600		39,988
METAWATER Company, Ltd.	1,600		32,829
Micronics Japan Company, Ltd.	800		31,716
Midac Holdings Company, Ltd.	500		6,726
Mie Kotsu Group Holdings, Inc.	3,700		13,603
Milbon Company, Ltd.	912		15,291
MIRAIT ONE Corp.	4,240		82,656
Mirarth Holdings, Inc.	6,300		16,616
Miroku Jyoho Service Company, Ltd.	700		8,969
Mitani Corp.	2,000		29,063
Mitsuba Corp.	2,300		14,985
Mitsubishi Logisnext Company, Ltd.	1,000		12,245
Mitsubishi Logistics Corp.	2,800		22,929
Mitsubishi Materials Corp.	3,900		73,146
Mitsubishi Paper Mills, Ltd.	2,600		11,881
Mitsubishi Pencil Company, Ltd.	1,500		21,963
Mitsubishi Research Institute, Inc.	500		17,500
Mitsubishi Steel Manufacturing Company, Ltd.	1,000		11,494
Mitsui DM Sugar Company, Ltd.	1,000		21,619
Mitsui E&S Company, Ltd.	4,600		138,780
Mitsui High-Tec, Inc.	2,500		13,095
Mitsui Matsushima Holdings Company, Ltd.	1,500		15,076
Mitsui Mining & Smelting Company, Ltd.	1,500		116,531
Mitsui-Soko Holdings Company, Ltd.	2,700		75,477
Mitsuuroko Group Holdings Company, Ltd.	1,900		29,493
Mixi, Inc.	1,800		38,709
Mizuho Leasing Company, Ltd.	4,000		35,219
Mizuno Corp.	1,200		21,643
Mochida Pharmaceutical Company, Ltd.	900		19,304
Morinaga & Company, Ltd.	3,000		53,165
Morinaga Milk Industry Company, Ltd.	3,000		70,258
Morita Holdings Corp.	2,200		34,511
MOS Food Services, Inc.	1,000		26,720
MrMax Holdings, Ltd.	1,700		10,017
m-up Holdings, Inc.	2,000		28,624
Musashi Seimitsu Industry Company, Ltd.	1,600		37,268
Nabtesco Corp.	3,300		74,592
Nachi-Fujikoshi Corp.	600		15,132
Nafco Company, Ltd.	1,100		15,161
Nagano Keiki Company, Ltd.	800		11,137
Nagase & Company, Ltd.	3,000		64,815
Nagoya Railroad Company, Ltd.	6,500		77,634
Nakamuraya Company, Ltd.	300		6,300
Nakanishi, Inc.	2,600		36,029
Nakayama Steel Works, Ltd.	1,100		4,758
Namura Shipbuilding Company, Ltd.	1,152		26,559

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nankai Electric Railway Company, Ltd.	3,000	$	56,557
Natori Company, Ltd.	700		9,471
NEC Capital Solutions, Ltd.	800		21,156
Neturen Company, Ltd.	2,300		18,948
Nextage Company, Ltd.	1,900		30,345
NHK Spring Company, Ltd.	2,400		36,038
Nice Corp.	600		7,539
Nichias Corp.	2,300		86,398
Nichiban Company, Ltd.	700		9,343
Nichicon Corp.	600		5,999
Nichiden Corp.	600		11,023
Nichiha Corp.	1,200		22,325
Nichirei Corp.	1,200		14,089
Nichireki Group Company, Ltd.	1,200		21,452
Nichirin Company, Ltd.	1,040		26,251
Nifco, Inc.	800		24,128
Nihon Dempa Kogyo Company, Ltd.	2,500		15,721
Nihon Flush Company, Ltd.	1,000		5,451
Nihon House Holdings Company, Ltd.	1,000		2,124
Nihon Kagaku Sangyo Company, Ltd.	1,000		15,578
Nihon M&A Center Holdings, Inc.	9,700		49,465
Nihon Parkerizing Company, Ltd.	3,900		36,066
Nihon Tokushu Toryo Company, Ltd.	1,000		14,241
Nikkiso Company, Ltd.	2,100		21,007
Nikkon Holdings Company, Ltd.	4,400		101,404
Nippn Corp.	1,600		25,062
Nippon Air Conditioning Services Company, Ltd.	1,600		13,968
Nippon Beet Sugar Manufacturing Company, Ltd.	900		17,927
Nippon Carbon Company, Ltd.	500		14,695
Nippon Chemical Industrial Company, Ltd.	700		13,475
Nippon Chemi-Con Corp. (A)	1,100		12,156
Nippon Coke & Engineering Company, Ltd. (A)	18,000		12,653
Nippon Concrete Industries Company, Ltd.	2,600		6,066
Nippon Denko Company, Ltd.	6,530		14,961
Nippon Densetsu Kogyo Company, Ltd.	2,100		40,537
Nippon Electric Glass Company, Ltd.	2,200		72,133
Nippon Gas Company, Ltd.	4,300		80,421
Nippon Hume Corp. (C)	2,000		52,737
Nippon Kayaku Company, Ltd.	5,300		49,732
Nippon Kodoshi Corp.	800		12,031
Nippon Light Metal Holdings Company, Ltd.	2,820		40,000
Nippon Paper Industries Company, Ltd.	4,600		37,890
Nippon Parking Development Company, Ltd.	8,400		16,310
Nippon Rietec Company, Ltd.	300		4,068
Nippon Seiki Company, Ltd.	1,300		15,608
Nippon Sharyo, Ltd.	600		11,660
Nippon Sheet Glass Company, Ltd. (A)	4,100		14,129
Nippon Shinyaku Company, Ltd.	1,800		40,661
Nippon Shokubai Company, Ltd.	3,200		39,436
Nippon Signal Company, Ltd.	3,000		24,683
Nippon Soda Company, Ltd.	1,200		27,969
Nippon Thompson Company, Ltd.	4,700		21,773
Nippon Yakin Kogyo Company, Ltd.	300		8,668
Nipro Corp.	6,700		68,220
Nishikawa Rubber Company, Ltd.	1,600		31,567
Nishimatsu Construction Company, Ltd.	1,500		53,116
Nishi-Nippon Financial Holdings, Inc.	3,900		65,967
Nishi-Nippon Railroad Company, Ltd.	2,400		37,894

 

95

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Nishio Holdings Company, Ltd.	800	$	23,190
Nissan Shatai Company, Ltd.	3,400		28,299
Nissei ASB Machine Company, Ltd.	500		24,249
Nissei Plastic Industrial Company, Ltd.	1,600		9,372
Nissha Company, Ltd.	2,300		22,161
Nisshinbo Holdings, Inc.	4,768		36,684
Nisso Holdings Company, Ltd.	2,400		10,627
Nissui Corp.	9,200		64,822
Nitta Corp.	800		22,459
Nittetsu Mining Company, Ltd.	3,000		40,439
Nitto Kogyo Corp.	600		14,661
Nitto Kohki Company, Ltd.	1,000		11,825
Nitto Seiko Company, Ltd.	1,700		7,332
Noevir Holdings Company, Ltd.	800		24,140
Nojima Corp.	3,200		87,682
NOK Corp.	900		15,800
Noritake Company, Ltd.	500		15,962
Noritsu Koki Company, Ltd.	3,000		35,730
Noritz Corp.	2,100		28,475
North Pacific Bank, Ltd.	12,900		64,809
NPR-RIKEN Corp.	1,200		24,923
NS Tool Company, Ltd.	800		4,286
NS United Kaiun Kaisha, Ltd.	100		3,424
NSD Company, Ltd.	2,200		51,721
NSK, Ltd.	7,100		36,626
NTN Corp.	18,400		42,274
Obara Group, Inc.	600		17,335
Ohsho Food Service Corp.	600		14,996
Oiles Corp.	1,380		21,460
Okabe Company, Ltd.	2,600		16,440
Okamoto Industries, Inc.	600		20,557
Okamura Corp.	2,000		31,734
Okasan Securities Group, Inc.	7,000		32,314
Oki Electric Industry Company, Ltd.	3,000		32,660
Okinawa Cellular Telephone Company	1,600		28,253
Okinawa Financial Group, Inc.	1,140		29,726
OKUMA Corp.	2,200		50,157
Okumura Corp.	1,200		38,329
Okuwa Company, Ltd.	1,000		6,262
Onoken Company, Ltd.	1,500		14,210
Onward Holdings Company, Ltd.	2,400		11,338
Open Up Group, Inc.	1,200		14,710
Optex Group Company, Ltd.	1,900		27,039
Optim Corp. (A)	700		2,871
Optorun Company, Ltd.	1,100		12,343
Organo Corp.	500		38,306
Orient Corp.	3,180		21,728
Oriental Shiraishi Corp.	7,600		21,891
Oro Company, Ltd.	700		12,392
Osaka Organic Chemical Industry, Ltd.	800		16,818
Osaka Steel Company, Ltd.	700		11,972
Osaki Electric Company, Ltd.	3,000		25,944
OSG Corp.	3,900		55,891
Oyo Corp.	1,300		25,324
Pacific Industrial Company, Ltd.	700		12,560
Pacific Metals Company, Ltd.	1,100		14,799
PAL GROUP Holdings Company, Ltd.	2,800		47,587
PALTAC Corp.	1,200		37,546
Paramount Bed Holdings Company, Ltd.	1,600		39,211
Park24 Company, Ltd.	4,200		53,656
Pasona Group, Inc.	1,300		19,229
Penta-Ocean Construction Company, Ltd.	9,900		77,944
PeptiDream, Inc. (A)	3,600		38,511
PIA Corp. (A)	500		11,723
Pickles Holdings Company, Ltd.	800		6,292

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Pigeon Corp.	5,500	$	66,043
PILLAR Corp.	500		13,895
Pilot Corp.	1,200		38,886
Piolax, Inc.	1,200		14,423
PKSHA Technology, Inc. (A)	500		13,055
Pole To Win Holdings, Inc.	2,000		4,755
Premium Group Company, Ltd.	900		13,081
Premium Water Holdings, Inc.	400		9,046
Press Kogyo Company, Ltd.	2,500		10,859
Prestige International, Inc.	5,000		22,296
Prima Meat Packers, Ltd.	1,500		23,876
Procrea Holdings, Inc.	2,344		27,469
Pronexus, Inc.	600		4,546
PS Construction Company, Ltd.	800		10,026
Punch Industry Company, Ltd.	1,300		3,796
QB Net Holdings Company, Ltd.	1,800		16,588
Qol Holdings Company, Ltd.	1,400		19,010
Quick Company, Ltd.	800		13,573
Raccoon Holdings, Inc.	800		3,917
Raito Kogyo Company, Ltd.	1,300		28,342
Raiznext Corp.	2,000		25,835
Raksul, Inc. (A)	1,200		9,663
Rakus Company, Ltd.	2,400		22,059
Rasa Industries, Ltd.	600		18,504
Relo Group, Inc.	2,800		33,765
Rengo Company, Ltd.	8,600		54,314
RENOVA, Inc. (A)	1,400		8,881
Resorttrust, Inc.	4,800		60,876
Retail Partners Company, Ltd.	300		2,875
Rheon Automatic Machinery Company, Ltd.	1,500		14,264
Ricoh Leasing Company, Ltd.	800		31,503
Riken Keiki Company, Ltd.	700		14,752
Riken Vitamin Company, Ltd.	1,400		27,544
Rion Company, Ltd.	500		9,009
Riso Kyoiku Group Corp.	3,400		5,169
Rock Field Company, Ltd.	1,000		9,908
Rokko Butter Company, Ltd.	600		5,111
Roland Corp.	700		15,959
Rorze Corp.	2,500		37,514
Round One Corp.	5,500		48,663
Royal Holdings Company, Ltd.	600		11,100
Ryobi, Ltd.	1,400		26,284
Ryoden Corp.	800		16,675
Ryoyo Ryosan Holdings, Inc.	500		10,083
S Foods, Inc.	900		16,527
S&B Foods, Inc.	700		16,096
Sac's Bar Holdings, Inc.	600		3,197
Saibu Gas Holdings Company, Ltd.	1,500		20,034
Saint-Care Holding Corp.	1,900		10,542
Saizeriya Company, Ltd.	800		26,852
Sakai Chemical Industry Company, Ltd.	100		1,923
Sakai Moving Service Company, Ltd.	1,000		20,242
Sakata INX Corp.	1,200		18,850
Sakata Seed Corp.	500		12,308
Sala Corp.	3,000		22,221
San-A Company, Ltd.	1,400		26,351
San-Ai Obbli Company, Ltd.	2,700		38,100
Sangetsu Corp.	2,100		44,036
Sanken Electric Company, Ltd. (A)	900		43,689
Sanki Engineering Company, Ltd.	1,200		40,012
Sankyo Frontier Company, Ltd.	600		8,375
Sankyo Seiko Company, Ltd.	3,200		14,898
Sankyo Tateyama, Inc.	2,500		11,204
Sankyu, Inc.	1,000		54,689

 

96

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Sanoh Industrial Company, Ltd.	1,900	$	11,905
Sanshin Electronics Company, Ltd.	700		13,487
Sanyo Chemical Industries, Ltd.	600		16,708
Sanyo Denki Company, Ltd.	1,200		28,575
Sanyo Electric Railway Company, Ltd.	1,600		22,808
Sanyo Shokai, Ltd.	700		16,439
Sanyo Trading Company, Ltd.	1,200		12,997
Sato Corp.	1,700		26,050
Sawai Group Holdings Company, Ltd.	4,500		61,143
SBI ARUHI Corp.	500		2,760
SBI Global Asset Management Company, Ltd.	1,300		5,560
SBS Holdings, Inc.	900		22,266
Scroll Corp.	2,300		17,508
Seika Corp.	1,500		20,047
Seikagaku Corp.	1,700		7,634
Seikitokyu Kogyo Company, Ltd.	1,600		16,293
Seiko Group Corp.	1,400		61,859
Seino Holdings Company, Ltd.	1,400		20,620
Seiren Company, Ltd.	1,900		39,188
Sekisui Jushi Corp.	1,600		23,392
Sekisui Kasei Company, Ltd.	2,500		6,049
Senko Group Holdings Company, Ltd.	4,700		64,654
Senshu Electric Company, Ltd.	600		17,872
Senshu Ikeda Holdings, Inc.	8,000		34,979
Senshukai Company, Ltd. (A)(C)	3,300		5,404
Seria Company, Ltd.	2,100		44,142
Seven Bank, Ltd.	20,300		40,053
Sharp Corp. (A)	2,500		14,006
Shibaura Electronics Company, Ltd.	1,000		48,159
Shibaura Machine Company, Ltd.	600		17,061
Shibaura Mechatronics Corp.	300		26,436
Shibuya Corp.	800		18,432
SHIFT, Inc. (A)	4,500		38,088
Shikibo, Ltd.	1,100		7,444
Shikoku Electric Power Company, Inc.	5,200		46,147
Shikoku Kasei Holdings Corp.	1,700		25,663
Shima Seiki Manufacturing, Ltd.	1,200		8,567
Shimadaya Corp.	500		6,048
Shin Nippon Biomedical Laboratories, Ltd.	1,000		11,557
Shinagawa Refractories Company, Ltd.	2,100		26,537
Shindengen Electric Manufacturing Company, Ltd.	500		10,738
Shin-Etsu Polymer Company, Ltd.	1,900		24,540
Shinko Shoji Company, Ltd.	1,900		12,808
Shinmaywa Industries, Ltd.	2,400		30,012
Shinnihon Corp.	600		7,472
Shinwa Company, Ltd.	700		15,886
Ship Healthcare Holdings, Inc.	2,600		40,198
Shizuoka Gas Company, Ltd.	2,500		19,736
SHO-BOND Holdings Company, Ltd.	1,000		32,882
Shoei Company, Ltd.	1,600		19,008
Showa Sangyo Company, Ltd.	1,000		20,613
SIGMAXYZ Holdings, Inc.	3,600		22,510
Siix Corp.	1,600		14,640
Sinanen Holdings Company, Ltd.	500		22,583
Sinfonia Technology Company, Ltd.	700		43,064
Sinko Industries, Ltd.	1,900		16,581
Sintokogio, Ltd.	1,900		12,930
SKY Perfect JSAT Holdings, Inc.	7,800		73,417
Smaregi, Inc. (A)	400		8,073
SMK Corp.	300		4,632
SMS Company, Ltd.	1,600		16,862
Socionext, Inc.	3,100		58,260

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Sodick Company, Ltd.	2,400	$	14,749
Softcreate Holdings Corp.	1,400		22,146
Software Service, Inc.	200		20,077
Soken Chemical & Engineering Company, Ltd.	1,600		22,273
Solasto Corp.	3,200		10,584
Sotetsu Holdings, Inc.	3,500		62,953
Sparx Group Company, Ltd.	1,480		15,967
S-Pool, Inc.	5,000		11,623
SRA Holdings	600		20,482
SRE Holdings Corp.	400		8,753
ST Corp.	700		7,477
St. Marc Holdings Company, Ltd.	800		15,192
Star Mica Holdings Company, Ltd.	2,200		17,608
Star Micronics Company, Ltd.	1,000		11,302
Starts Corp., Inc.	1,300		44,618
Starzen Company, Ltd.	1,800		14,614
Strike Company, Ltd.	700		20,954
Studio Alice Company, Ltd.	900		12,543
Sugimoto & Company, Ltd.	1,400		15,776
SUMCO Corp.	5,300		56,354
Sumida Corp.	1,600		11,734
Suminoe Company, Ltd.	1,000		8,279
Sumitomo Bakelite Company, Ltd.	1,500		50,235
Sumitomo Densetsu Company, Ltd.	600		25,879
Sumitomo Heavy Industries, Ltd.	1,200		28,836
Sumitomo Osaka Cement Company, Ltd.	1,500		39,407
Sumitomo Riko Company, Ltd.	2,400		35,743
Sumitomo Rubber Industries, Ltd.	3,400		41,226
Sumitomo Seika Chemicals Company, Ltd.	500		16,064
Sun Frontier Fudousan Company, Ltd.	1,000		15,817
Suruga Bank, Ltd.	3,600		37,412
Suzuken Company, Ltd.	900		35,372
SWCC Corp.	1,200		63,037
Systena Corp.	12,200		43,659
Syuppin Company, Ltd.	1,200		9,878
Tachibana Eletech Company, Ltd.	1,360		26,864
Tachi-S Company, Ltd.	600		7,974
Tadano, Ltd.	5,000		35,212
Taihei Dengyo Kaisha, Ltd.	1,800		25,420
Taiho Kogyo Company, Ltd.	1,200		5,941
Taikisha, Ltd.	1,800		34,722
Taisei Lamick Group Head Quarter & Innovation Company, Ltd.	500		9,147
Taiyo Holdings Company, Ltd.	2,000		109,141
Taiyo Yuden Company, Ltd.	3,900		87,104
Takamatsu Construction Group Company, Ltd.	1,000		23,305
Takaoka Toko Company, Ltd.	700		14,876
Takara Bio, Inc.	2,100		13,235
Takara Holdings, Inc.	5,700		67,283
Takara Standard Company, Ltd.	2,200		38,826
Takasago International Corp.	2,000		21,844
Takashimaya Company, Ltd.	3,900		44,605
Takeuchi Manufacturing Company, Ltd.	1,000		34,960
Tama Home Company, Ltd.	200		4,936
Tamron Company, Ltd.	4,800		33,528
Tamura Corp.	600		1,989
Tanseisha Company, Ltd.	1,100		10,458
Tayca Corp.	1,500		13,229
TDC Soft, Inc.	2,400		22,437
TechMatrix Corp.	2,000		29,269
TechnoPro Holdings, Inc.	2,700		88,264
Teijin, Ltd.	5,400		45,890

 

97

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Teikoku Sen-I Company, Ltd.	1,200	$	26,325
Tekken Corp.	800		19,018
Tess Holdings Company, Ltd.	2,400		7,115
The 77 Bank, Ltd.	2,100		87,404
The Akita Bank, Ltd.	1,100		26,636
The Awa Bank, Ltd.	900		22,526
The Bank of Iwate, Ltd.	1,100		28,850
The Bank of Nagoya, Ltd.	1,500		35,921
The Bank of Saga, Ltd.	1,000		20,604
The Chiba Kogyo Bank, Ltd.	1,500		16,337
The Chugoku Electric Power Company, Inc.	7,900		44,989
The Ehime Bank, Ltd.	2,100		17,431
The First Bank of Toyama, Ltd.	2,800		29,048
The Hyakugo Bank, Ltd.	9,600		59,065
The Hyakujushi Bank, Ltd.	800		27,769
The Keiyo Bank, Ltd.	4,400		37,646
The Kita-Nippon Bank, Ltd.	700		18,262
The Kiyo Bank, Ltd.	2,300		45,445
The Miyazaki Bank, Ltd.	1,000		30,877
The Monogatari Corp.	1,200		34,587
The Musashino Bank, Ltd.	900		24,589
The Nanto Bank, Ltd.	800		27,476
The Nisshin Oillio Group, Ltd.	1,200		42,168
The Ogaki Kyoritsu Bank, Ltd.	1,600		37,458
The Oita Bank, Ltd.	900		31,366
The Okinawa Electric Power Company, Inc.	1,990		13,613
The Pack Corp.	2,400		19,504
The San-In Godo Bank, Ltd.	4,300		39,865
The Shiga Bank, Ltd.	1,700		77,745
The Shikoku Bank, Ltd.	2,800		28,663
The Shimizu Bank, Ltd.	500		6,916
The Sumitomo Warehouse Company, Ltd.	1,824		38,380
The Tochigi Bank, Ltd.	8,000		27,300
The Toho Bank, Ltd.	12,000		37,634
The Tohoku Bank, Ltd.	400		3,611
The Tottori Bank, Ltd.	400		3,747
The Towa Bank, Ltd.	2,900		19,492
The Yamagata Bank, Ltd.	2,000		22,898
The Yamanashi Chuo Bank, Ltd.	700		15,140
Tigers Polymer Corp.	1,000		6,827
TKC Corp.	1,300		37,133
Toa Corp. (Hyogo)	1,400		11,382
Toa Corp. (Tokyo)	1,300		18,369
Toagosei Company, Ltd.	4,300		43,802
Tobishima Holdings, Inc.	720		10,580
TOC Company, Ltd.	3,400		18,551
Tocalo Company, Ltd.	1,400		20,562
Toda Corp.	8,400		57,828
Toda Kogyo Corp. (A)	300		2,645
Toei Company, Ltd.	500		18,158
Toenec Corp.	3,000		28,343
Toho Company, Ltd.	600		13,838
Toho Gas Company, Ltd.	1,300		40,020
Toho Holdings Company, Ltd.	1,900		70,109
Toho Titanium Company, Ltd.	1,300		15,652
Toho Zinc Company, Ltd. (A)	800		3,492
Tokai Carbon Company, Ltd.	6,700		46,661
Tokai Corp.	1,200		17,807
TOKAI Holdings Corp.	4,000		28,146
Tokai Rika Company, Ltd.	2,600		46,943
Tokai Tokyo Financial Holdings, Inc.	8,400		33,414
Token Corp.	210		21,133

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
Tokushu Tokai Paper Company, Ltd.	1,800	$	18,922
Tokuyama Corp.	1,800		44,662
Tokyo Base Company, Ltd.	900		2,908
Tokyo Electron Device, Ltd.	600		12,063
Tokyo Energy & Systems, Inc.	2,000		22,646
Tokyo Kiraboshi Financial Group, Inc.	1,136		55,204
Tokyo Rope Manufacturing Company, Ltd.	200		1,987
Tokyo Seimitsu Company, Ltd.	1,300		87,973
Tokyo Steel Manufacturing Company, Ltd.	700		6,897
Tokyo Tekko Company, Ltd.	400		15,656
Tokyo Theatres Company, Inc.	900		8,472
Tokyotokeiba Company, Ltd.	600		21,832
Tokyu Construction Company, Ltd.	3,900		29,468
Tomato Bank, Ltd.	1,100		9,959
Tomen Devices Corp.	200		9,186
Tomoku Company, Ltd.	500		11,483
TOMONY Holdings, Inc.	5,200		23,579
Tomy Company, Ltd.	2,900		62,689
Topre Corp.	700		10,967
Topy Industries, Ltd.	700		13,427
Torex Semiconductor, Ltd.	700		7,858
Toridoll Holdings Corp.	1,200		38,897
Torishima Pump Manufacturing Company, Ltd.	900		12,394
Tosei Corp.	1,600		37,601
Toshiba TEC Corp.	1,100		22,500
Tosho Company, Ltd.	1,300		6,687
Totetsu Kogyo Company, Ltd.	1,000		29,221
Towa Corp.	2,400		34,632
Towa Pharmaceutical Company, Ltd.	1,500		30,021
Toyo Construction Company, Ltd.	700		8,220
Toyo Corp.	1,100		11,875
Toyo Denki Seizo KK	600		7,630
Toyo Gosei Company, Ltd.	300		12,719
Toyo Kanetsu KK	400		12,600
Toyo Tanso Company, Ltd.	1,000		29,385
Toyo Tire Corp.	2,000		53,099
Toyo Wharf & Warehouse Company, Ltd.	600		6,311
Toyobo Company, Ltd.	4,093		31,446
Toyoda Gosei Company, Ltd.	2,000		49,670
Toyota Boshoku Corp.	2,100		34,758
TPR Company, Ltd.	2,800		23,012
Transaction Company, Ltd.	3,400		27,756
Transcosmos, Inc.	800		19,949
Tri Chemical Laboratories, Inc.	500		9,838
Trusco Nakayama Corp.	2,200		35,455
TS Tech Company, Ltd.	3,100		38,952
TSI Holdings Company, Ltd.	1,870		13,330
Tsubaki Nakashima Company, Ltd.	2,300		6,028
Tsubakimoto Chain Company	3,600		52,240
Tsuburaya Fields Holdings, Inc.	2,100		32,149
Tsugami Corp.	1,600		25,724
Tsukishima Holdings Company, Ltd.	2,000		39,709
Tsukuba Bank, Ltd.	5,700		11,968
Tsumura & Company	2,600		63,810
Tsurumi Manufacturing Company, Ltd.	2,000		27,194
TV Asahi Holdings Corp.	500		11,321
UACJ Corp.	4,012		43,535
UBE Corp.	3,000		46,290
Ubicom Holdings, Inc.	500		3,718
Uchida Yoko Company, Ltd.	400		32,641
Ulvac, Inc.	1,100		47,797

 

98

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
U-Next Holdings Company, Ltd.	1,500	$	21,878
Unipres Corp.	200		1,655
United Arrows, Ltd.	1,600		22,620
United Super Markets Holdings, Inc.	2,838		18,498
UNITED, Inc. (C)	2,600		10,006
Universal Entertainment Corp. (A)	1,200		7,899
Ushio, Inc.	2,600		40,911
UT Group Company, Ltd.	1,500		27,730
V Technology Company, Ltd.	400		9,304
Valor Holdings Company, Ltd.	1,700		33,406
Valqua, Ltd.	1,000		25,387
Value HR Company, Ltd.	1,200		12,825
ValueCommerce Company, Ltd.	900		4,837
Vector, Inc.	800		6,034
Vertex Corp.	2,200		22,969
Vision, Inc.	3,300		27,757
Visional, Inc. (A)	900		68,854
Vital KSK Holdings, Inc.	2,100		18,654
VT Holdings Company, Ltd.	6,600		21,989
Wacoal Holdings Corp.	400		15,228
Wacom Company, Ltd.	2,700		14,890
Wakachiku Construction Company, Ltd.	900		31,566
Wakita & Company, Ltd.	2,300		28,833
Warabeya Nichiyo Holdings Company, Ltd.	900		17,971
Watahan & Company, Ltd.	600		6,328
WDB Holdings Company, Ltd.	700		8,213
Weathernews, Inc.	600		19,096
Wellneo Sugar Company, Ltd.	1,100		19,220
West Holdings Corp.	716		9,474
Will Group, Inc.	1,200		8,290
WingArc1st, Inc.	200		4,418
World Company, Ltd.	700		13,500
World Holdings Company, Ltd.	600		10,614
Wowow, Inc.	600		5,907
Yahagi Construction Company, Ltd.	2,000		30,332
YAKUODO Holdings Company, Ltd.	700		10,939
YAMABIKO Corp.	800		13,741
YAMADA Consulting Group Company, Ltd.	1,100		13,825
Yamae Group Holdings Company, Ltd.	1,000		19,181
Yamaguchi Financial Group, Inc.	3,000		36,424
Yamazen Corp.	1,900		17,914
Yaoko Company, Ltd.	300		19,513
Yasuda Logistics Corp.	1,400		20,019
Yellow Hat, Ltd.	2,400		27,409
Yodogawa Steel Works, Ltd.	2,500		21,943
Yokogawa Bridge Holdings Corp.	1,000		19,126
Yokorei Company, Ltd.	2,900		23,785
Yokowo Company, Ltd.	1,200		12,006
Yomeishu Seizo Company, Ltd.	500		13,294
Yondoshi Holdings, Inc.	1,300		15,142
Yonex Company, Ltd.	2,100		53,799
Yorozu Corp.	1,800		11,430
Yoshinoya Holdings Company, Ltd.	2,500		50,828
Yuasa Trading Company, Ltd.	700		23,949
Yukiguni Factory Company, Ltd.	1,000		7,182
Yurtec Corp.	2,000		36,460
Yushiro, Inc.	1,100		16,830
Zacros Corp.	3,200		22,947
Zenkoku Hosho Company, Ltd.	2,400		54,381
Zenrin Company, Ltd.	1,950		14,118
Zeon Corp.	3,800		42,237
ZERIA Pharmaceutical Company, Ltd.	1,200		16,451

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Japan (continued)
ZIGExN Company, Ltd.	1,800	$	6,760
			24,803,372
Liechtenstein - 0.1%
Liechtensteinische Landesbank AG	587		56,981
VP Bank AG, Class A	188		19,529
			76,510
Luxembourg - 0.5%
APERAM SA	1,921		62,704
Aroundtown SA (A)	34,053		130,937
B&S Group Sarl (D)	983		6,816
Befesa SA (D)	1,789		60,691
d'Amico International Shipping SA	3,434		17,477
Eurofins Scientific SE	531		38,724
Grand City Properties SA (A)	2,964		39,191
RTL Group SA (C)	1,577		64,773
SES SA	17,182		131,436
Sword Group	278		11,710
			564,459
Macau - 0.0%
MECOM Power and Construction, Ltd. (A)	87,750		1,808
Wynn Macau, Ltd.	29,200		27,079
			28,887
Malaysia - 0.0%
Frencken Group, Ltd.	15,400		16,880
Mauritius - 0.0%
Capital, Ltd.	9,014		12,918
Mongolia - 0.0%
Mongolian Mining Corp. (A)(C)	12,000		19,213
Netherlands - 2.3%
Aalberts NV	2,473		81,534
Acomo NV	876		24,090
Aegon, Ltd.	3,068		24,734
Aegon, Ltd., NYRS	8,094		64,671
Akzo Nobel NV	2,914		207,966
Alfen N.V. (A)(D)	681		7,746
AMG Critical Materials NV	1,350		45,643
Arcadis NV	2,707		136,687
Basic-Fit NV (A)(C)(D)	2,099		63,895
BE Semiconductor Industries NV	1,367		204,682
Brunel International NV (C)	1,169		11,195
Corbion NV	1,806		34,830
CTP NV (D)	2,827		63,088
Flow Traders, Ltd. (A)	1,631		48,767
ForFarmers NV	2,398		12,781
Fugro NV	3,425		36,682
IMCD NV	1,458		151,118
Innoconcepts NV (A)(B)	10,527		0
Just Eat Takeaway.com NV (A)(D)	2,415		57,326
Kendrion NV	1,244		20,652
Koninklijke BAM Groep NV	13,114		124,182
Koninklijke Heijmans NV	1,599		111,333
Koninklijke Vopak NV	2,696		123,740
Nedap NV	225		25,040
OCI NV (A)	2,623		12,156
Pharming Group NV (A)	30,666		45,108
PostNL NV (C)	17,290		21,248
PPHE Hotel Group, Ltd.	592		10,891
QIAGEN NV	3,756		167,818
Randstad NV	3,405		145,187
SBM Offshore NV	5,505		140,879
SIF Holding NV (A)	588		5,350
Signify NV (D)	5,215		137,156

 

99

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Netherlands (continued)
Sligro Food Group NV	1,151	$	14,279
TKH Group NV	1,628		70,462
TomTom NV (A)	3,258		20,554
Van Lanschot Kempen NV	1,307		78,132
			2,551,602
New Zealand - 0.4%
Air New Zealand, Ltd.	37,974		13,092
Channel Infrastructure NZ, Ltd.	12,625		19,030
Delegat Group, Ltd.	1,200		3,075
Fletcher Building, Ltd. (A)	8,100		15,834
Freightways Group, Ltd.	5,690		45,201
Genesis Energy, Ltd.	8,189		11,158
Gentrack Group, Ltd. (A)	3,060		18,272
Hallenstein Glasson Holdings, Ltd.	3,354		17,859
Heartland Group Holdings, Ltd.	31,010		18,906
Investore Property, Ltd.	15,094		10,855
KMD Brands, Ltd. (A)	25,838		4,049
NZME, Ltd.	13,259		8,070
NZX, Ltd.	18,453		14,837
Oceania Healthcare, Ltd. (A)	41,920		16,804
Pacific Edge, Ltd. (A)	27,936		3,079
PGG Wrightson, Ltd.	819		1,092
Restaurant Brands New Zealand, Ltd.	886		2,511
Ryman Healthcare, Ltd. (A)	7,717		11,558
Sanford, Ltd.	2,767		8,868
Scales Corp., Ltd.	5,176		17,076
Serko, Ltd. (A)	2,827		4,423
Skellerup Holdings, Ltd.	7,637		22,939
SKY Network Television, Ltd.	6,265		11,323
SKYCITY Entertainment Group, Ltd. (A)	29,610		11,366
Summerset Group Holdings, Ltd.	5,559		34,411
The Warehouse Group, Ltd. (A)	9,894		4,615
Tourism Holdings, Ltd.	7,292		11,090
TOWER, Ltd.	10,300		10,452
Turners Automotive Group, Ltd.	2,590		10,725
Vista Group International, Ltd. (A)	7,682		13,232
Vulcan Steel, Ltd.	2,932		13,613
			409,415
Norway - 0.7%
ABG Sundal Collier Holding ASA	24,237		16,794
AF Gruppen ASA (A)	717		12,098
Akastor ASA	6,104		7,017
ArcticZymes Technologies ASA (A)	962		2,600
Atea ASA (A)	2,860		41,258
Axactor ASA (A)	14,729		11,188
B2 Impact ASA	8,867		15,334
BLUENORD ASA (A)	912		41,361
Bonheur ASA	1,411		31,775
Bouvet ASA	3,002		19,828
BW Offshore, Ltd.	4,568		16,887
Cloudberry Clean Energy ASA (A)	5,431		7,518
DNO ASA	18,710		28,697
Elkem ASA (A)(D)	6,721		17,710
Elmera Group ASA (D)	5,860		20,023
Elopak ASA	2,737		12,601
Europris ASA (D)	6,315		64,117
Grieg Seafood ASA (A)	2,264		15,069
Hexagon Composites ASA (A)	6,450		7,053
Hexagon Purus ASA (A)	2,213		377
Kid ASA (D)	1,128		16,885
Kitron ASA	9,158		53,629
LINK Mobility Group Holding ASA (A)	9,965		29,677
Medistim ASA	352		8,032
MPC Container Ships ASA	15,398		25,454
Multiconsult ASA (D)	554		9,744

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Norway (continued)
Norske Skog ASA (A)(D)	1,815	$	3,498
Norwegian Air Shuttle ASA	11,101		17,716
Odfjell Drilling, Ltd.	4,970		38,718
Panoro Energy ASA (A)	3,699		8,523
Pareto Bank ASA	1,457		13,376
PhotoCure ASA (A)	2,625		15,514
SATS ASA (A)	5,362		20,427
Scatec ASA (A)(D)	4,993		49,285
Selvaag Bolig ASA	1,842		6,555
SmartCraft ASA (A)	4,384		11,982
Solstad Maritime Holding AS	1,586		3,629
Sparebanken More	1,230		13,272
TGS ASA	2,915		21,652
			756,873
Peru - 0.1%
Hochschild Mining PLC	21,070		101,072
Poland - 0.1%
InPost SA (A)	4,504		55,452
Portugal - 0.4%
Altri SGPS SA	2,851		16,786
Banco Comercial Portugues SA	255,493		226,813
Corticeira Amorim SGPS SA	2,100		17,778
CTT-Correios de Portugal SA	4,239		36,123
Mota-Engil SGPS SA	5,636		33,869
NOS SGPS SA	4,757		21,771
REN - Redes Energeticas Nacionais SGPS SA	14,895		53,547
Sonae SGPS SA	34,734		54,563
The Navigator Company SA	6,459		24,855
			486,105
Singapore - 1.1%
AEM Holdings, Ltd. (A)	9,191		13,009
ASMPT, Ltd.	6,800		71,709
Banyan Tree Holdings, Ltd.	19,800		9,530
Boustead Singapore, Ltd.	10,445		13,289
Bukit Sembawang Estates, Ltd.	11,000		35,641
Capitaland India Trust	50,467		46,972
China Aviation Oil Singapore Corp., Ltd.	14,400		14,857
City Developments, Ltd.	5,100		27,357
ComfortDelGro Corp., Ltd.	69,000		77,608
COSCO Shipping International Singapore Company, Ltd. (A)	58,900		5,526
CSE Global, Ltd. (C)	37,446		21,082
Delfi, Ltd.	21,900		13,418
Ezion Holdings, Ltd. (A)(B)	131,300		0
Far East Orchard, Ltd.	5,140		4,992
First Resources, Ltd.	19,300		25,150
Fraser and Neave, Ltd.	8,600		9,940
Gallant Venture, Ltd. (A)	71,000		4,403
Golden Agri-Resources, Ltd.	183,600		41,952
GuocoLand, Ltd.	10,400		16,123
Haw Par Corp., Ltd.	4,700		51,760
Ho Bee Land, Ltd.	11,400		19,268
Hong Fok Corp., Ltd.	20,100		12,463
Hong Leong Finance, Ltd.	12,900		26,089
Hyflux, Ltd. (A)(B)	24,000		0
iFAST Corp., Ltd.	3,400		23,400
IGG, Inc.	38,000		21,979
Indofood Agri Resources, Ltd.	25,000		7,074
Keppel Infrastructure Trust	112,549		40,571
Metro Holdings, Ltd.	31,600		12,724
Midas Holdings, Ltd. (A)(B)	86,000		0
Nanofilm Technologies International, Ltd.	6,500		3,887

 

100

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Singapore (continued)
NetLink NBN Trust	91,100	$	67,099
Oceanus Group, Ltd. (A)	1,035,500		4,007
OM Holdings, Ltd.	10,791		1,931
OUE, Ltd.	11,100		10,159
Oxley Holdings, Ltd. (A)(C)	27,222		2,258
Raffles Medical Group, Ltd.	35,758		27,196
Riverstone Holdings, Ltd.	32,900		18,231
SBS Transit, Ltd.	5,000		12,261
Seatrium, Ltd.	34,600		63,692
Sheng Siong Group, Ltd.	29,900		48,245
SIA Engineering Company, Ltd.	12,800		35,128
Singapore Land Group, Ltd.	7,100		17,017
Singapore Post, Ltd.	66,100		21,544
Stamford Land Corp., Ltd.	69,044		22,964
StarHub, Ltd.	25,600		22,433
Straits Trading Company, Ltd.	1,587		2,017
Swiber Holdings, Ltd. (A)(B)	15,000		0
The Hour Glass, Ltd.	10,100		15,978
Thomson Medical Group, Ltd. (A)	212,000		9,833
UMS Integration, Ltd.	22,800		24,600
UOB-Kay Hian Holdings, Ltd.	19,316		35,820
UOL Group, Ltd.	3,800		23,019
Venture Corp., Ltd.	7,100		76,787
Wing Tai Holdings, Ltd.	21,205		23,014
Yeo Hiap Seng, Ltd.	1,129		534
			1,257,540
South Africa - 0.1%
Pan African Resources PLC	130,880		154,440
Spain - 2.3%
Acciona SA	540		108,507
Acerinox SA	7,076		92,938
Aedas Homes SA (D)	426		10,637
Almirall SA	2,313		31,338
Amper SA (A)	153,222		24,312
Atresmedia Corp. de Medios de Comunicacion SA	4,211		27,732
Audax Renovables SA (A)	7,306		11,445
Bankinter SA	12,900		203,928
Caja de Ahorros del Mediterraneo (A)(B)	5,428		0
CIE Automotive SA	1,829		57,294
Construcciones y Auxiliar de Ferrocarriles SA	855		53,003
Corp ACCIONA Energias Renovables SA	1,077		27,948
Distribuidora Internacional de Alimentacion SA (A)	392		11,242
Ebro Foods SA	2,006		43,213
EDP Renovaveis SA	2,640		34,892
eDreams ODIGEO SA (A)	1,615		15,515
Elecnor SA	2,026		57,757
Enagas SA	9,373		146,442
Ence Energia y Celulosa SA (C)	6,294		20,921
Ercros SA (A)	5,006		15,862
Faes Farma SA	11,446		57,507
Fluidra SA	2,959		80,494
Gestamp Automocion SA (D)	7,287		28,337
Global Dominion Access SA (D)	5,439		20,944
Grenergy Renovables SA (A)	573		43,486
Grifols SA	7,462		108,640
Grupo Catalana Occidente SA	1,523		87,451
Grupo Empresarial San Jose SA	2,194		17,156
Iberpapel Gestion SA	66		1,513
Indra Sistemas SA	3,472		155,461
Laboratorios Farmaceuticos Rovi SA	950		65,165

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Spain (continued)
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros	27,501	$	41,665
Logista Integral SA	1,957		66,474
Mapfre SA	16,941		80,419
Melia Hotels International SA	4,842		42,228
Neinor Homes SA (A)(D)	1,318		26,900
Obrascon Huarte Lain SA (A)	27,496		14,322
Pharma Mar SA (A)	409		43,771
Promotora de Informaciones SA, Class A (A)	11,711		5,079
Prosegur Cash SA (D)	24,667		22,064
Realia Business SA (A)	17,710		19,567
Redeia Corp. SA	4,192		80,938
Sacyr SA	13,421		56,339
Solaria Energia y Medio Ambiente SA (A)	2,636		33,808
Soltec Power Holdings SA (A)(B)	2,101		2,956
Tecnicas Reunidas SA (A)	1,625		50,773
Tubacex SA (C)	6,252		26,015
Unicaja Banco SA (D)	36,432		100,251
Vidrala SA	871		92,247
Viscofan SA	1,543		105,287
			2,572,183
Sweden - 2.6%
AcadeMedia AB (D)	3,665		38,059
AddLife AB, B Shares	2,462		46,605
AddNode Group AB	5,860		65,604
AFRY AB	3,857		66,500
Alimak Group AB (D)	3,056		50,327
Alleima AB	7,527		57,189
Alligo AB, Class B	2,270		27,624
Ambea AB (D)	3,505		50,544
Annehem Fastigheter AB, B Shares (A)	1,732		3,217
AQ Group AB	2,525		48,352
Arjo AB, B Shares	10,690		37,558
Attendo AB (D)	5,286		39,749
Balco Group AB (A)	665		1,626
Beijer Alma AB	1,857		48,736
Bergman & Beving AB	902		31,205
Betsson AB, B Shares (A)	2,862		47,371
BHG Group AB (A)	2,406		7,005
Bilia AB, A Shares	2,411		29,477
Billerud AB	3,292		29,633
BioInvent International AB (A)	2,250		6,729
Bonava AB, B Shares (A)	9,969		12,770
Bravida Holding AB (D)	1,969		19,220
BTS Group AB, B Shares	346		6,616
Bufab AB	4,360		41,020
Bulten AB	717		4,056
Bure Equity AB	1,400		41,348
Byggmax Group AB	3,711		22,516
Catella AB	2,217		7,352
Cellavision AB	999		18,296
Cibus Nordic Real Estate AB	1,681		30,283
Cint Group AB (A)	13,640		8,989
Clas Ohlson AB, B Shares	1,557		61,205
Cloetta AB, B Shares	10,640		38,393
Coor Service Management Holding AB (D)	5,027		25,858
Corem Property Group AB, B Shares	14,214		6,226
Corem Property Group AB, D Shares	408		10,625
CTT Systems AB	566		13,341
Dios Fastigheter AB	5,109		35,470
Dometic Group AB (D)	3,643		19,088
Dustin Group AB (A)(D)	59,748		10,713

 

101

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Dynavox Group AB (A)	2,821	$	34,243
Elanders AB, B Shares	1,468		8,672
Electrolux Professional AB, B Shares	9,620		62,018
Elekta AB, B Shares	7,054		35,729
Enea AB (A)	1,522		11,792
Fagerhult Group AB	2,581		11,249
Fastighets AB Trianon (A)	1,452		3,009
Fastighetsbolaget Emilshus AB, B Shares (A)	210		1,081
FastPartner AB, A Shares	2,697		14,544
Ferronordic AB (A)	318		1,558
G5 Entertainment AB	330		3,210
Granges AB	4,281		53,205
Green Landscaping Group AB (A)(D)	1,593		8,801
Heba Fastighets AB, Class B	4,570		15,407
Hexatronic Group AB (A)	6,047		12,372
HMS Networks AB (A)	323		14,253
Hoist Finance AB (D)	3,383		35,889
Hufvudstaden AB, A Shares	1,892		25,509
Humana AB	2,641		11,770
Instalco AB	7,730		20,950
Inwido AB	1,534		29,079
JM AB	2,484		37,159
Karnov Group AB (A)	1,497		17,935
K-fast Holding AB (A)	1,142		1,748
KNOW IT AB	1,459		16,033
Lime Technologies AB	558		18,914
Lindab International AB	2,753		58,132
Medcap AB (A)	576		34,719
MEKO AB	2,150		18,535
MIPS AB	434		15,781
Modern Times Group MTG AB, B Shares (A)	2,851		33,413
Momentum Group AB	1,535		25,640
NCC AB, B Shares	3,723		85,606
Nederman Holding AB	887		15,161
Net Insight AB, B Shares (A)	16,550		7,596
New Wave Group AB, B Shares	3,382		39,620
Nobia AB (A)	26,704		13,314
Nolato AB, B Shares	6,748		42,323
Note AB	776		14,795
NP3 Fastigheter AB	1,226		32,806
Nyfosa AB	6,996		61,104
OEM International AB, B Shares	2,670		40,620
Orron Energy AB (A)	7,422		3,806
Peab AB, Class B	4,540		36,973
Platzer Fastigheter Holding AB, Series B	3,454		25,337
Pricer AB, B Shares (A)	11,102		5,919
Proact IT Group AB	1,428		14,105
Ratos AB, B Shares	8,255		32,401
RaySearch Laboratories AB	2,452		65,824
Samhallsbyggnadsbolaget i Norden AB (A)	40,938		22,386
Scandi Standard AB	2,160		21,704
Scandic Hotels Group AB (D)	6,887		65,143
Sdiptech AB, Class B (A)	738		13,655
Sensys Gatso Group AB (A)	293		1,221
SkiStar AB	2,041		34,184
Solid Forsakring AB	623		4,966
Stendorren Fastigheter AB (A)	1,288		26,920
Stillfront Group AB (A)	19,809		13,443
Storskogen Group AB, Class B	39,199		40,038
Synsam AB	3,085		18,914
Systemair AB	3,796		31,608
TF Bank AB	638		12,284

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Sweden (continued)
Truecaller AB, Class B	9,962	$	44,014
VBG Group AB, B Shares	1,018		34,080
Viaplay Group AB (A)	12,648		1,765
Vitec Software Group AB, B Shares	1,147		40,480
Vitrolife AB	979		13,532
Volati AB	786		8,993
XANO Industri AB, Class B	694		4,119
			2,849,603
Switzerland - 7.6%
Accelleron Industries AG	3,791		321,040
Adecco Group AG	6,476		182,446
Allreal Holding AG	643		150,772
ALSO Holding AG	172		52,223
APG SGA SA	84		21,795
Arbonia AG	2,962		19,545
Aryzta AG (A)	949		77,897
Ascom Holding AG	1,310		5,748
Autoneum Holding AG	130		25,727
Avolta AG (A)	2,343		127,936
Baloise Holding AG	1,306		323,230
Banque Cantonale de Geneve, Bearer Shares	142		42,386
Banque Cantonale Vaudoise	500		59,249
Barry Callebaut AG (C)	35		48,202
Belimo Holding AG	345		362,839
Bell Food Group AG	138		41,994
Bellevue Group AG	467		4,351
Berner Kantonalbank AG	246		79,371
BKW AG	494		105,953
Bossard Holding AG, Class A	248		52,660
Bucher Industries AG	282		134,475
Burckhardt Compression Holding AG	126		98,174
Burkhalter Holding AG	68		11,589
Bystronic AG	74		28,440
Calida Holding AG	19		304
Carlo Gavazzi Holding AG (A)	38		7,567
Cembra Money Bank AG	1,219		140,294
Cham Swiss Properties AG	199		6,029
Cicor Technologies, Ltd. (A)	89		20,543
Cie Financiere Tradition SA, Bearer Shares	105		37,039
Clariant AG (A)	8,951		83,275
Coltene Holding AG (A)	198		11,145
Daetwyler Holding AG, Bearer Shares	281		49,423
DKSH Holding AG	1,242		84,519
DocMorris AG (A)	2,460		18,354
dormakaba Holding AG	128		117,932
EFG International AG (A)	3,750		76,576
Emmi AG	86		74,378
Feintool International Holding AG (A)(C)	426		5,456
Fenix Outdoor International AG	225		11,058
Flughafen Zurich AG	824		252,300
Forbo Holding AG	39		35,733
Fundamenta Real Estate AG (A)	1,563		34,871
Galenica AG (D)	2,006		218,370
GAM Holding AG (A)	5,497		1,018
Georg Fischer AG	2,947		231,595
Gurit Holding AG, Bearer Shares (A)	220		3,165
Helvetia Holding AG	913		224,361
Hiag Immobilien Holding AG	237		33,277
Huber + Suhner AG	515		88,522
Hypothekarbank Lenzburg AG	3		15,255
Implenia AG	453		38,191
Inficon Holding AG	674		79,963

 

102

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Switzerland (continued)
International Workplace Group PLC	36,159	$	109,012
Interroll Holding AG	30		94,019
Intershop Holding AG	270		53,234
Investis Holding SA	160		25,936
Jungfraubahn Holding AG	213		59,085
Kardex Holding AG	232		90,650
Komax Holding AG (A)	228		19,991
Kongsberg Automotive ASA (A)	23,611		3,849
Kudelski SA, Bearer Shares (A)	2,497		4,229
Landis+Gyr Group AG (A)	1,125		91,347
LEM Holding SA (A)	25		15,104
Luzerner Kantonalbank AG	728		73,310
Medacta Group SA (D)	308		57,015
medmix AG (D)	877		9,937
Metall Zug AG, B Shares	12		12,268
Mobilezone Holding AG	2,336		33,075
Mobimo Holding AG	295		121,321
Naturenergie Holding AG	979		40,885
Novavest Real Estate AG (A)	469		23,108
OC Oerlikon Corp. AG	8,368		28,588
Peach Property Group AG (A)	515		4,120
Phoenix Mecano AG	38		21,208
Plazza AG, Class A	68		33,811
PSP Swiss Property AG	1,955		336,360
Rieter Holding AG (C)	4,628		38,063
Romande Energie Holding SA	850		44,392
Schweiter Technologies AG	58		21,144
SFS Group AG	738		99,655
Siegfried Holding AG (A)	1,743		175,102
SIG Group AG (A)	7,187		74,535
SKAN Group AG	427		28,760
Softwareone Holding AG	2,860		29,523
Softwareone Holding AG (Oslo Stock Exchange) (A)	1,633		16,733
St. Galler Kantonalbank AG	106		67,680
Stadler Rail AG	1,523		37,342
Sulzer AG	758		129,211
Sunrise Communications AG, Class A	174		10,263
Swiss Prime Site AG	3,437		481,471
Swissquote Group Holding SA	445		313,021
Tecan Group AG	97		17,570
Temenos AG	2,248		182,581
The Swatch Group AG	785		30,150
The Swatch Group AG, Bearer Shares	191		36,099
TX Group AG	146		36,991
u-blox Holding AG (A)	234		39,761
Valiant Holding AG	616		99,917
VAT Group AG (D)	115		45,904
Vaudoise Assurances Holding SA	19		14,758
Vetropack Holding AG	822		24,448
Vontobel Holding AG	1,192		89,933
VZ Holding AG	568		119,139
V-ZUG Holding AG	120		6,652
Walliser Kantonalbank	203		32,845
Warteck Invest AG	10		24,479
Ypsomed Holding AG	166		65,854
Zehnder Group AG	250		21,743
Zug Estates Holding AG, B Shares	16		42,616
Zuger Kantonalbank AG, Bearer Shares	9		98,446
			8,336,798
Taiwan - 0.0%
FIT Hon Teng, Ltd. (A)(D)	49,000		40,160
United Arab Emirates - 0.0%
Shelf Drilling, Ltd. (A)(D)	10,196		18,741

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom - 10.5%
4imprint Group PLC	1,359	$	59,182
A.G. Barr PLC	2,692		24,238
Aberdeen Group PLC	43,907		116,877
Accesso Technology Group PLC (A)	2,349		13,337
Advanced Medical Solutions Group PLC	6,389		19,299
AJ Bell PLC	13,681		100,458
Alfa Financial Software Holdings PLC (D)	4,048		12,700
Allfunds Group PLC	4,365		32,581
Anglo-Eastern Plantations PLC	1,225		22,803
AO World PLC (A)	10,559		14,767
Ashmore Group PLC	22,693		54,503
Ashtead Technology Holdings PLC	2,347		11,026
Aston Martin Lagonda Global Holdings PLC (A)(C)(D)	4,390		4,885
Auction Technology Group PLC (A)	1,706		7,397
B&M European Value Retail SA	7,989		28,183
Babcock International Group PLC	11,175		201,044
Bakkavor Group PLC (D)	5,579		16,008
Balfour Beatty PLC	19,931		174,037
Barratt Redrow PLC	10,005		52,638
Beazley PLC	1,778		21,745
Begbies Traynor Group PLC	1,681		2,623
Bellway PLC	5,245		173,761
Bloomsbury Publishing PLC	4,265		27,506
Bodycote PLC	7,984		69,222
Boohoo Group PLC (A)(C)	3,748		601
BRAEMAR PLC	1,328		4,299
Breedon Group PLC	8,626		41,768
Bridgepoint Group PLC (D)	3,493		14,408
Brooks Macdonald Group PLC	427		10,420
Burberry Group PLC (A)	11,554		182,523
Bytes Technology Group PLC	9,584		51,343
Capita PLC (A)	6,128		26,752
Capricorn Energy PLC (A)	5,938		16,193
Card Factory PLC	14,688		20,236
Carillion PLC (A)(B)	35,521		0
Carr's Group PLC	2,599		4,797
Central Asia Metals PLC	8,189		16,706
Chemring Group PLC	13,921		110,568
Chesnara PLC	11,766		43,682
City of London Investment Group PLC	2,068		10,554
Clarkson PLC	1,348		66,719
Close Brothers Group PLC (A)	7,281		48,579
CMC Markets PLC (D)	7,009		22,625
Coats Group PLC	71,598		80,320
Cohort PLC	1,758		34,118
Computacenter PLC	2,915		105,606
ConvaTec Group PLC (D)	6,573		20,523
Costain Group PLC	16,911		30,646
Cranswick PLC	2,228		150,613
Crest Nicholson Holdings PLC	13,693		30,044
Croda International PLC	3,061		111,576
Currys PLC	46,489		87,493
CVS Group PLC	1,520		25,566
DFS Furniture PLC (A)	12,509		25,834
Dialight PLC (A)	105		336
DiscoverIE Group PLC	4,507		35,995
Domino's Pizza Group PLC	16,081		43,068
dotdigital Group PLC	12,814		11,561
Dr. Martens PLC	12,054		16,089
Drax Group PLC	14,589		137,590
Dunelm Group PLC	5,320		80,550
easyJet PLC	4,377		27,367
ECORA RESOURCES PLC	12,147		13,872

 

103

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
EKF Diagnostics Holdings PLC (A)	8,242	$	3,324
Elementis PLC	27,226		59,613
Endeavour Mining PLC	5,315		223,263
Energean PLC	5,147		57,515
EnQuest PLC	115,537		18,226
Entain PLC	1,424		16,829
Essentra PLC	14,966		21,684
FDM Group Holdings PLC	4,489		7,921
Firstgroup PLC	26,489		80,450
Foresight Group Holdings, Ltd.	2,196		14,403
Forterra PLC (D)	10,957		27,631
Foxtons Group PLC	23,551		17,596
Frasers Group PLC (A)	5,880		59,074
Frontier Developments PLC (A)	1,107		6,841
Fuller Smith & Turner PLC, Class A	1,525		11,691
Funding Circle Holdings PLC (A)(D)	3,849		6,432
Future PLC	3,711		32,940
Galliford Try Holdings PLC	5,675		40,320
Games Workshop Group PLC	1,128		221,073
Gamma Communications PLC	3,729		50,211
GB Group PLC	7,074		21,610
Genel Energy PLC (A)	4,784		4,709
Genuit Group PLC	12,035		59,659
Gooch & Housego PLC	1,681		12,911
Grainger PLC	32,286		84,498
Greggs PLC	1,563		33,829
Gulf Keystone Petroleum, Ltd.	11,237		33,969
Halfords Group PLC	4,413		8,502
Harbour Energy PLC	16,506		46,250
Harworth Group PLC	6,530		14,973
Hays PLC	21,782		16,489
Headlam Group PLC (A)	6,602		4,804
Helios Towers PLC (A)	21,114		42,405
Henry Boot PLC (C)	5,301		15,838
Hikma Pharmaceuticals PLC	4,522		103,807
Hill & Smith PLC	3,753		103,792
Hilton Food Group PLC	3,867		34,798
Hollywood Bowl Group PLC	8,153		27,739
Howden Joinery Group PLC	12,134		138,047
Hunting PLC	6,301		28,762
Ibstock PLC (D)	19,043		35,704
IDOX PLC	10,437		7,834
IG Group Holdings PLC	10,589		153,581
IMI PLC	3,522		108,783
Impax Asset Management Group PLC	4,165		10,740
Inchcape PLC	15,353		143,045
IntegraFin Holdings PLC	9,376		43,941
International Personal Finance PLC	12,526		36,310
iomart Group PLC	2,265		528
IP Group PLC (A)	38,897		28,049
IQE PLC (A)	39,142		3,961
ITV PLC	154,019		166,198
J.D. Wetherspoon PLC	4,402		40,548
James Fisher & Sons PLC (A)	2,814		13,599
James Halstead PLC	11,052		22,332
JD Sports Fashion PLC	51,224		65,943
JET2 PLC	6,865		131,049
John Wood Group PLC (A)(B)	26,919		5,662
Johnson Matthey PLC	6,489		175,805
Johnson Service Group PLC	19,438		39,329
Jupiter Fund Management PLC	22,824		44,258
Just Group PLC	47,041		134,188
Kainos Group PLC	4,099		52,066
Keller Group PLC	2,943		59,889
Kier Group PLC	22,531		66,922

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Kingfisher PLC	23,625	$	98,416
Kitwave Group PLC	3,226		9,994
Knights Group Holdings PLC	2,269		5,952
Lancashire Holdings, Ltd.	8,617		78,327
Lion Finance Group PLC	1,249		128,812
LSL Property Services PLC	2,514		8,935
Luceco PLC (D)	1,922		3,301
M&C Saatchi PLC	253		497
M&G PLC	12,149		41,432
Macfarlane Group PLC	6,288		7,781
Man Group PLC	52,083		125,127
Marshalls PLC	3,831		9,321
Marston's PLC (A)	37,566		19,873
McBride PLC (A)	14,770		24,747
ME Group International PLC	11,444		28,628
Mears Group PLC	4,066		17,539
Metro Bank Holdings PLC (A)	9,741		15,873
Midwich Group PLC	1,327		3,267
Mitchells & Butlers PLC (A)	13,654		45,421
Mitie Group PLC	58,272		109,455
MJ Gleeson PLC	2,770		14,291
Mobico Group PLC (A)	21,097		8,159
Mondi PLC	1,289		17,830
MONY Group PLC	22,189		59,329
Moonpig Group PLC	11,812		36,097
Morgan Advanced Materials PLC	8,676		25,686
Morgan Sindall Group PLC	1,818		108,912
Mortgage Advice Bureau Holdings, Ltd.	1,276		12,333
MP Evans Group PLC	1,384		25,252
NCC Group PLC	17,294		34,356
Next 15 Group PLC	3,756		16,583
Ninety One PLC	15,140		41,406
Norcros PLC	6,666		23,725
Ocado Group PLC (A)	15,572		47,306
Odfjell Technology, Ltd.	828		5,038
On the Beach Group PLC (D)	5,451		16,285
OSB Group PLC	15,883		121,477
Oxford Instruments PLC	1,216		30,345
Pagegroup PLC	8,870		27,297
Paragon Banking Group PLC	8,507		99,489
PayPoint PLC	2,907		29,476
Pennon Group PLC	19,735		124,494
Persimmon PLC	8,864		138,478
Pets at Home Group PLC	16,087		44,420
Pharos Energy PLC	16,636		4,719
Phoenix Spree Deutschland, Ltd. (A)	5,484		12,112
Pinewood Technologies Group PLC (A)	5,133		28,721
Polar Capital Holdings PLC	3,830		24,807
Porvair PLC	1,199		12,032
Premier Foods PLC	23,840		61,483
PZ Cussons PLC	13,141		14,347
QinetiQ Group PLC	20,327		151,076
Quilter PLC (D)	63,959		143,153
Rank Group PLC	7,303		13,643
Rathbones Group PLC	2,285		56,264
Reach PLC	10,533		9,448
Renew Holdings PLC	3,437		37,515
Ricardo PLC	2,982		17,253
Rightmove PLC	13,258		126,612
Robert Walters PLC	4,693		8,035
Rotork PLC	35,693		163,183
RS GROUP PLC	14,553		111,554
RWS Holdings PLC	1,824		2,269
S&U PLC	513		12,009
Sabre Insurance Group PLC (D)	10,582		20,723

 

104

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United Kingdom (continued)
Saga PLC (A)	4,637	$	17,083
Savannah Energy PLC (A)(B)	53,744		5,204
Savills PLC	5,951		76,518
Schroders PLC	2,839		14,407
Senior PLC	17,000		45,484
Serco Group PLC	46,758		148,968
Serica Energy PLC	10,784		28,746
Severfield PLC	11,941		4,818
SIG PLC (A)	64,105		8,200
SigmaRoc PLC (A)	18,853		30,667
Softcat PLC	5,154		109,635
Spectris PLC	2,259		124,908
Speedy Hire PLC	24,369		7,875
Spirax Group PLC	505		46,502
Spire Healthcare Group PLC (D)	13,646		45,930
Spirent Communications PLC	25,617		68,556
SSP Group PLC	32,793		75,816
SThree PLC	6,106		13,377
STV Group PLC	2,712		4,124
Synthomer PLC (A)	6,230		6,492
Tate & Lyle PLC	16,269		98,435
Tatton Asset Management PLC	1,955		18,288
Taylor Wimpey PLC	75,745		105,227
Team Internet Group PLC (A)	10,289		8,591
Telecom Plus PLC	2,698		68,208
The Berkeley Group Holdings PLC	1,908		98,615
The Gym Group PLC (A)(D)	5,959		11,846
THG PLC (A)(C)	26,758		13,553
Topps Tiles PLC	15,591		7,359
TORM PLC, Class A	1,905		39,217
TP ICAP Group PLC	34,104		126,711
Trainline PLC (A)(D)	8,324		31,149
Travis Perkins PLC	9,597		78,982
Trifast PLC	7,237		7,418
Tullow Oil PLC (A)(C)	46,125		6,487
Vanquis Banking Group PLC (A)	13,396		22,180
Vertu Motors PLC	13,548		11,023
Vesuvius PLC	9,782		49,319
Victrex PLC	3,473		33,700
Videndum PLC (A)	3,978		2,505
Vistry Group PLC (A)	6,637		57,941
Volex PLC	6,267		30,701
Volution Group PLC	8,031		68,411
Vp PLC	637		5,097
Watches of Switzerland Group PLC (A)(D)	10,654		52,708
Watkin Jones PLC (A)	10,502		4,834
WH Smith PLC	5,221		47,623
Whitbread PLC	2,010		87,206
Wickes Group PLC	13,094		39,499
Wilmington PLC	8,076		35,372
Xaar PLC (A)	5,629		8,882
XPS Pensions Group PLC	6,949		31,737
Young & Co's Brewery PLC	1,750		14,193
Young & Co's Brewery PLC, Class A	1,224		13,166
Zigup PLC	8,827		38,764
Zotefoams PLC	1,549		8,523
			11,615,552
United States - 0.7%
Aura Minerals, Inc.	922		30,455
Brookfield Infrastructure Corp., Class A	1,488		61,115
Burford Capital, Ltd.	8,276		98,529
Diversified Energy Company PLC	1,929		27,035
Energy Fuels, Inc. (A)(C)	3,431		52,666

International Small Company Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
United States (continued)
Energy Fuels, Inc. (Toronto Stock Exchange) (A)(C)	730	$	11,209
Frontage Holdings Corp. (A)(D)	14,000		2,254
PureTech Health PLC (A)	8,318		14,925
Reliance Worldwide Corp., Ltd.	33,532		90,659
Samsonite Group SA (D)	41,100		88,084
SSR Mining, Inc. (A)	8,907		217,475
SunOpta, Inc. (A)	4,818		28,233
Viemed Healthcare, Inc. (A)	2,600		17,654
			740,293
TOTAL COMMON STOCKS (Cost $98,990,310)		$	108,052,067
PREFERRED SECURITIES - 0.3%
Germany - 0.3%
Draegerwerk AG & Company KGaA	565		42,054
Einhell Germany AG	219		21,023
FUCHS SE	2,954		132,451
Jungheinrich AG	2,336		81,464
Sixt SE	838		56,678
STO SE & Company KGaA	163		23,039
Villeroy & Boch AG	625		11,792
			368,501
TOTAL PREFERRED SECURITIES (Cost $312,065)		$	368,501
WARRANTS - 0.0%
Webuild SpA (Expiration Date: 8-2-30) (A)(E)	1,316		970
TOTAL WARRANTS (Cost $0)		$	970
RIGHTS - 0.0%
Amplitude Energy, Ltd. (Expiration Date: 10-9-25; Strike Price: AUD 0.24) (A)	24,917		0
Intercell AG (A)(B)(E)	3,233		0
TOTAL RIGHTS (Cost $0)		$	0
SHORT-TERM INVESTMENTS - 1.9%
Short-term funds - 1.9%
John Hancock Collateral Trust, 4.0668% (F)(G)	211,414		2,114,859
TOTAL SHORT-TERM INVESTMENTS (Cost $2,114,865)		$	2,114,859
Total Investments (International Small Company Trust) (Cost $101,417,240) - 100.3%		$	110,536,397
Other assets and liabilities, net - (0.3%)			(339,845)
TOTAL NET ASSETS - 100.0%		$	110,196,552

Currency Abbreviations
AUD	Australian Dollar
Security Abbreviations and Legend
NYRS	New York Registry Shares
(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 9-30-25. The value of securities on loan amounted to $1,995,942.
(D)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(E)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

 

105

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Mini MSCI EAFE Index Futures	6	Long	Dec 2025	$837,402	$835,620	$(1,782)
						$(1,782)

^ 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 – 66.5%
U.S. Government – 35.4%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	4,170,000	$	2,045,418
1.875%, 11/15/2051		4,890,000		2,766,288
2.250%, 08/15/2046		4,745,000		3,165,805
2.500%, 02/15/2045 (A)		1,619,000		1,159,672
3.000%, 11/15/2045 to 08/15/2052		9,172,000		6,948,354
3.125%, 05/15/2048		3,205,000		2,471,355
3.625%, 05/15/2053		1,570,000		1,296,722
3.750%, 11/15/2043 (A)		2,253,000		1,994,873
4.250%, 08/15/2054		2,256,000		2,082,570
4.375%, 11/15/2039		1,170,000		1,160,494
4.750%, 08/15/2055		400,000		401,375
4.875%, 08/15/2045		925,000		945,668
U.S. Treasury Inflation Protected Securities
0.250%, 02/15/2050		1,388,399		820,436
0.625%, 02/15/2043		98,352		74,644
0.750%, 02/15/2042 to 02/15/2045		3,662,525		2,833,257
1.000%, 02/15/2046		402,179		309,910
1.375%, 02/15/2044		1,344,469		1,149,034
1.750%, 01/15/2034		2,642,963		2,655,269
U.S. Treasury Notes
1.250%, 06/30/2028		9,575,000		8,984,411
1.625%, 05/15/2031		4,810,000		4,282,967
1.875%, 02/15/2032		3,110,000		2,759,153
2.750%, 08/15/2032		2,945,000		2,737,815
3.375%, 05/15/2033		1,025,000		984,561
3.875%, 08/15/2033		1,805,000		1,790,052
4.000%, 12/15/2027 to 02/15/2034		4,820,000		4,839,034
4.125%, 11/30/2031		1,830,000		1,856,020
4.250%, 11/15/2034		6,975,000		7,053,741
4.375%, 05/15/2034		2,190,000		2,240,644
4.500%, 05/15/2027 to 11/15/2033		3,096,000		3,189,063
				74,998,605
U.S. Government Agency – 31.1%
Federal Home Loan Mortgage Corp.
2.000%, 03/01/2051		2,450,315		1,992,946
2.500%, 01/01/2052 to 05/01/2052		3,604,160		3,050,036
3.000%, 12/01/2046 to 04/01/2048		207,192		185,469
3.500%, 03/01/2048 to 06/01/2048		546,289		508,523
5.000%, 12/01/2034		50,255		51,106
5.500%, 05/01/2054 to 07/01/2054		1,721,117		1,737,457
6.500%, 04/01/2029 to 08/01/2034		3,405		3,589
7.500%, 05/01/2027 to 05/01/2028		262		267
Federal National Mortgage Association
2.000%, 04/01/2051 to 05/01/2051		7,382,926		6,003,315
2.500%, TBA (B)		3,100,000		2,611,508
2.500%, 07/01/2030 to 04/01/2050		1,051,847		914,072
3.000%, TBA (B)		1,400,000		1,229,648
3.500%, 08/01/2043 to 05/01/2048		2,433,931		2,273,753

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
4.500%, TBA (B)	$	1,500,000	$	1,454,883
5.000%, 10/01/2054		2,464,979		2,445,368
5.500%, TBA (B)		15,640,000		15,766,684
5.500%, 11/01/2053		1,717,361		1,735,545
6.000%, TBA (B)		5,025,000		5,132,469
Government National Mortgage Association
2.000%, 12/20/2050		2,225,292		1,841,692
3.000%, TBA (B)		2,800,000		2,500,913
3.000%, 04/20/2051 to 05/20/2051		1,782,235		1,593,633
3.500%, TBA (B)		4,200,000		3,830,471
4.000%, TBA (B)		2,600,000		2,444,800
4.000%, 11/15/2040 to 02/15/2042		14,049		13,644
4.500%, 05/20/2052 to 09/20/2052		3,879,802		3,790,044
5.000%, TBA (B)		2,900,000		2,884,602
6.000%, 08/15/2032 to 04/15/2035		18,209		18,829
6.500%, 06/15/2028 to 02/15/2035		5,529		5,676
7.000%, 11/15/2031 to 11/15/2033		23,260		23,726
				66,044,668
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $151,955,229)			$	141,043,273
FOREIGN GOVERNMENT OBLIGATIONS – 2.3%
Bermuda – 0.1%
Government of Bermuda 2.375%, 08/20/2030 (C)		200,000		182,200
Bulgaria – 0.1%
Republic of Bulgaria
1.375%, 09/23/2050	EUR	105,000		70,311
4.875%, 05/13/2036		150,000		193,888
				264,199
Chile – 0.1%
Republic of Chile 1.250%, 01/22/2051		165,000		106,015
Hungary – 0.1%
Republic of Hungary 1.625%, 04/28/2032		200,000		207,715
Indonesia – 0.2%
Republic of Indonesia 1.100%, 03/12/2033		380,000		370,596
Israel – 0.2%
State of Israel 5.375%, 02/19/2030	$	400,000		412,588
Ivory Coast – 0.1%
Republic of Ivory Coast 4.875%, 01/30/2032	EUR	225,000		251,597

 

106

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Mexico – 0.7%
Government of Mexico
5.375%, 03/22/2033	$	405,000	$	403,785
6.625%, 01/29/2038		615,000		646,371
6.875%, 05/13/2037		200,000		215,700
7.375%, 05/13/2055		215,000		235,965
				1,501,821
North Macedonia – 0.1%
Republic of North Macedonia 3.675%, 06/03/2026 (C)	EUR	265,000		311,187
Peru – 0.1%
Republic of Peru 5.875%, 08/08/2054	$	110,000		110,330
Philippines – 0.1%
Republic of the Philippines 1.750%, 04/28/2041	EUR	200,000		171,794
Romania – 0.4%
Republic of Romania
2.625%, 12/02/2040 (C)		335,000		251,291
2.750%, 04/14/2041		605,000		457,274
5.750%, 03/24/2035 (C)	$	186,000		179,104
7.500%, 02/10/2037 (C)		50,000		53,662
				941,331
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $5,062,361)			$	4,831,373
CORPORATE BONDS – 26.1%
Communication services – 2.0%
Alphabet, Inc. 5.300%, 05/15/2065		375,000		373,137
Charter Communications Operating LLC
2.300%, 02/01/2032		20,000		17,112
2.800%, 04/01/2031		165,000		148,872
3.700%, 04/01/2051		45,000		29,687
5.050%, 03/30/2029		55,000		55,720
5.250%, 04/01/2053		100,000		83,560
5.850%, 12/01/2035		90,000		90,860
6.384%, 10/23/2035		215,000		225,240
Comcast Corp.
2.887%, 11/01/2051		100,000		61,597
3.750%, 04/01/2040		185,000		155,568
Cox Communications, Inc.
2.600%, 06/15/2031 (C)		95,000		84,661
5.450%, 09/01/2034 (C)		50,000		49,819
5.950%, 09/01/2054 (C)		125,000		116,156
Lamar Media Corp. 3.625%, 01/15/2031		225,000		209,347
Meta Platforms, Inc.
5.400%, 08/15/2054		90,000		88,918
5.550%, 08/15/2064		195,000		193,567
NTT Finance Corp.
4.876%, 07/16/2030 (C)		200,000		203,214
5.171%, 07/16/2032 (C)		600,000		614,501
Paramount Global
5.250%, 04/01/2044		115,000		94,502
5.850%, 09/01/2043		20,000		18,267
Time Warner Cable LLC 4.500%, 09/15/2042		315,000		253,095
T-Mobile USA, Inc.
2.550%, 02/15/2031		140,000		127,207
3.500%, 04/15/2031		230,000		218,784
4.700%, 01/15/2035		25,000		24,553
5.050%, 07/15/2033		35,000		35,751
5.125%, 05/15/2032		55,000		56,604
5.750%, 01/15/2034		55,000		58,279

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
WMG Acquisition Corp.
3.000%, 02/15/2031 (C)(D)	$	75,000	$	69,461
3.750%, 12/01/2029 (C)		85,000		81,068
3.875%, 07/15/2030 (C)		450,000		426,759
				4,265,866
Consumer discretionary – 1.0%
AutoZone, Inc.
4.750%, 08/01/2032		20,000		20,168
4.750%, 02/01/2033		25,000		25,038
5.400%, 07/15/2034		25,000		25,928
6.550%, 11/01/2033		30,000		33,490
Ford Motor Company 3.250%, 02/12/2032		375,000		328,115
Gildan Activewear, Inc. 5.400%, 10/07/2035 (C)		130,000		130,018
Howard University
2.701%, 10/01/2029		100,000		92,587
2.801%, 10/01/2030		100,000		90,992
3.476%, 10/01/2041		120,000		90,998
Las Vegas Sands Corp.
5.625%, 06/15/2028		90,000		92,012
6.000%, 06/14/2030		140,000		145,788
Service Corp. International
3.375%, 08/15/2030		240,000		222,376
5.125%, 06/01/2029 (D)		202,000		201,986
Tapestry, Inc.
5.100%, 03/11/2030		65,000		66,479
5.500%, 03/11/2035		55,000		56,182
Taylor Morrison Communities, Inc.
5.125%, 08/01/2030 (C)		167,000		166,466
5.750%, 01/15/2028 (C)		269,000		272,753
				2,061,376
Consumer staples – 1.8%
Bacardi, Ltd. 5.400%, 06/15/2033 (C)		100,000		101,027
BAT Capital Corp.
5.625%, 08/15/2035		130,000		135,070
5.834%, 02/20/2031		70,000		74,036
Constellation Brands, Inc.
3.150%, 08/01/2029		90,000		86,553
4.800%, 05/01/2030		80,000		81,135
JBS USA LUX SA
5.500%, 01/15/2036 (C)		190,000		194,030
5.750%, 04/01/2033		60,000		62,660
5.950%, 04/20/2035 (C)		55,000		57,778
6.375%, 04/15/2066 (C)		285,000		292,991
6.750%, 03/15/2034		120,000		132,660
7.250%, 11/15/2053		55,000		63,069
Keurig Dr. Pepper, Inc.
2.250%, 03/15/2031		30,000		26,453
4.500%, 04/15/2052		155,000		125,217
5.150%, 05/15/2035		85,000		84,191
5.200%, 03/15/2031		50,000		51,105
Kraft Heinz Foods Company 5.200%, 03/15/2032		135,000		138,331
Mars, Inc.
4.600%, 03/01/2028 (C)		20,000		20,245
5.000%, 03/01/2032 (C)		425,000		434,804
5.200%, 03/01/2035 (C)		160,000		163,542
5.650%, 05/01/2045 (C)		385,000		390,554
5.800%, 05/01/2065 (C)		60,000		61,180
Philip Morris International, Inc.
4.375%, 11/01/2027		80,000		80,592
4.750%, 11/01/2031		125,000		127,143
5.125%, 02/15/2030		210,000		217,021

 

107

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
Philip Morris International, Inc. (continued)
5.125%, 02/13/2031	$	115,000	$	119,013
5.375%, 02/15/2033		85,000		88,767
5.625%, 11/17/2029		15,000		15,783
5.625%, 09/07/2033		40,000		42,423
Pilgrim's Pride Corp. 4.250%, 04/15/2031		110,000		106,320
Sysco Corp. 5.100%, 09/23/2030		235,000		242,285
				3,815,978
Energy – 3.2%
Aker BP ASA
5.800%, 10/01/2054 (C)		300,000		278,133
6.000%, 06/13/2033 (C)		150,000		157,393
APA Corp.
6.100%, 02/15/2035		100,000		102,200
6.750%, 02/15/2055		155,000		156,247
Cheniere Energy Partners LP 5.550%, 10/30/2035 (C)		205,000		209,431
Columbia Pipelines Holding Company LLC
5.097%, 10/01/2031 (C)		41,000		41,633
5.681%, 01/15/2034 (C)		75,000		77,264
Columbia Pipelines Operating Company LLC 6.036%, 11/15/2033 (C)		40,000		42,681
ConocoPhillips Company
3.800%, 03/15/2052		117,000		87,908
4.025%, 03/15/2062		35,000		26,128
5.300%, 05/15/2053		30,000		28,598
5.550%, 03/15/2054		10,000		9,850
5.650%, 01/15/2065		90,000		88,281
5.700%, 09/15/2063		120,000		118,984
Coterra Energy, Inc.
5.400%, 02/15/2035		112,000		112,894
5.600%, 03/15/2034		138,000		141,860
Diamondback Energy, Inc.
5.550%, 04/01/2035		25,000		25,665
5.900%, 04/18/2064		40,000		38,507
6.250%, 03/15/2053		35,000		35,844
DT Midstream, Inc. 5.800%, 12/15/2034 (C)		115,000		118,564
Ecopetrol SA
7.750%, 02/01/2032		175,000		181,092
8.375%, 01/19/2036		150,000		154,917
Enbridge, Inc.
5.550%, 06/20/2035		50,000		51,563
5.700%, 03/08/2033		20,000		21,047
7.200%, (7.200% to 6-27-34, then 5 Year CMT + 2.970%), 06/27/2054		83,000		88,016
Energy Transfer LP
5.700%, 04/01/2035		210,000		216,842
6.400%, 12/01/2030		70,000		75,867
Enterprise Products Operating LLC
3.300%, 02/15/2053		40,000		27,230
4.600%, 01/15/2031		135,000		136,400
5.200%, 01/15/2036		25,000		25,410
5.550%, 02/16/2055		80,000		79,071
EOG Resources, Inc.
5.000%, 07/15/2032		80,000		81,856
5.350%, 01/15/2036		115,000		118,077
5.650%, 12/01/2054		40,000		40,044
EQT Corp. 4.500%, 01/15/2029		125,000		125,018

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Galaxy Pipeline Assets Bidco, Ltd. 2.940%, 09/30/2040 (C)	$	173,276	$	147,140
Hess Corp. 7.125%, 03/15/2033		205,000		237,898
Hess Midstream Operations LP
4.250%, 02/15/2030 (C)		245,000		237,463
6.500%, 06/01/2029 (C)		135,000		139,230
Leviathan Bond, Ltd. 6.500%, 06/30/2027 (C)		235,000		235,529
MPLX LP
4.800%, 02/15/2031		150,000		150,905
5.000%, 01/15/2033		210,000		209,488
5.400%, 09/15/2035		75,000		75,163
5.500%, 06/01/2034		215,000		219,105
ONEOK, Inc.
3.100%, 03/15/2030		10,000		9,443
4.750%, 10/15/2031		35,000		35,011
5.050%, 11/01/2034		210,000		207,098
5.400%, 10/15/2035		160,000		160,602
6.050%, 09/01/2033		85,000		90,133
6.100%, 11/15/2032		30,000		32,147
6.625%, 09/01/2053		10,000		10,638
7.150%, 01/15/2051		10,000		11,204
Targa Resources Corp.
4.900%, 09/15/2030		50,000		50,786
5.550%, 08/15/2035		185,000		188,685
5.650%, 02/15/2036		95,000		97,272
6.500%, 03/30/2034		20,000		21,777
Targa Resources Partners LP 4.000%, 01/15/2032		125,000		118,543
TotalEnergies Capital SA
5.425%, 09/10/2064		65,000		62,586
5.638%, 04/05/2064		145,000		144,464
Var Energi ASA 5.875%, 05/22/2030 (C)		200,000		207,959
Viper Energy Partners LLC 5.700%, 08/01/2035		260,000		264,347
Whistler Pipeline LLC
5.400%, 09/30/2029 (C)		10,000		10,284
5.700%, 09/30/2031 (C)		85,000		88,365
5.950%, 09/30/2034 (C)		50,000		51,535
				6,835,315
Financials – 6.3%
American Express Company
5.016%, (5.016% to 4-25-30, then Overnight SOFR + 1.440%), 04/25/2031		185,000		190,230
5.085%, (5.085% to 1-30-30, then SOFR Compounded Index + 1.020%), 01/30/2031		160,000		164,958
Ameriprise Financial, Inc. 5.200%, 04/15/2035		110,000		112,053
Ares Strategic Income Fund
5.150%, 01/15/2031 (C)		180,000		177,857
5.800%, 09/09/2030 (C)		285,000		289,621
Arthur J. Gallagher & Company 5.150%, 02/15/2035		340,000		344,020
Athene Global Funding
2.646%, 10/04/2031 (C)		190,000		169,218
2.717%, 01/07/2029 (C)		55,000		52,028
4.721%, 10/08/2029 (C)		140,000		141,126
Banca Comerciala Romana SA 7.625%, (7.625% to 5-19-26, then 3 month EURIBOR + 4.539%), 05/19/2027	EUR	100,000		120,654

 

108

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Banca Transilvania SA 8.875%, (8.875% to 4-27-26, then 1 Year EURIBOR ICE Swap Rate + 5.580%), 04/27/2027	EUR	100,000	$	120,878
Bank of America Corp.
1.898%, (1.898% to 7-23-30, then Overnight SOFR + 1.530%), 07/23/2031	$	120,000		107,185
1.922%, (1.922% to 10-24-30, then Overnight SOFR + 1.370%), 10/24/2031		215,000		190,957
2.482%, (2.482% to 9-21-31, then 5 Year CMT + 1.200%), 09/21/2036		130,000		112,863
2.592%, (2.592% to 4-29-30, then Overnight SOFR + 2.150%), 04/29/2031		185,000		171,437
2.972%, (2.972% to 2-4-32, then Overnight SOFR + 1.330%), 02/04/2033		115,000		104,723
4.376%, (4.376% to 4-27-27, then Overnight SOFR + 1.580%), 04/27/2028		40,000		40,144
5.518%, (5.518% to 10-25-34, then Overnight SOFR + 1.738%), 10/25/2035		155,000		158,766
Block, Inc.
3.500%, 06/01/2031		125,000		116,328
5.625%, 08/15/2030 (C)		55,000		55,725
BPCE SA
5.389%, (5.389% to 5-28-30, then Overnight SOFR + 1.581%), 05/28/2031 (C)		500,000		512,972
5.876%, (5.876% to 1-14-30, then Overnight SOFR + 1.680%), 01/14/2031 (C)		250,000		261,095
Capital One Financial Corp.
4.493%, (4.493% to 9-11-30, then Overnight SOFR + 1.250%), 09/11/2031		140,000		138,868
6.183%, (6.183% to 1-30-35, then Overnight SOFR + 2.036%), 01/30/2036		120,000		124,483
7.624%, (7.624% to 10-30-30, then Overnight SOFR + 3.070%), 10/30/2031		190,000		214,889
7.964%, (7.964% to 11-2-33, then SOFR Compounded Index + 3.370%), 11/02/2034		115,000		135,968
Citibank NA 4.914%, 05/29/2030		250,000		256,858
Citigroup, Inc.
4.503%, (4.503% to 9-11-30, then Overnight SOFR + 1.171%), 09/11/2031		175,000		175,095
4.952%, (4.952% to 5-7-30, then Overnight SOFR + 1.463%), 05/07/2031		155,000		157,945
Citizens Financial Group, Inc.
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031		115,000		117,860
6.645%, (6.645% to 4-25-34, then Overnight SOFR + 2.325%), 04/25/2035		30,000		33,009

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Corebridge Global Funding 4.900%, 08/21/2032 (C)	$	55,000	$	55,245
Credit Agricole SA
4.818%, (4.818% to 9-25-32, then Overnight SOFR + 1.360%), 09/25/2033 (C)		250,000		248,463
5.222%, (5.222% to 5-27-30, then Overnight SOFR + 1.460%), 05/27/2031 (C)		250,000		256,458
6.251%, (6.251% to 1-10-34, then Overnight SOFR + 2.670%), 01/10/2035 (C)		250,000		263,798
Equitable America Global Funding 4.700%, 09/15/2032 (C)		155,000		154,182
Equitable Financial Life Global Funding
1.800%, 03/08/2028 (C)		30,000		28,323
5.000%, 03/27/2030 (C)		80,000		81,970
Equitable Holdings, Inc. 4.350%, 04/20/2028		32,000		32,110
FirstCash, Inc.
4.625%, 09/01/2028 (C)		250,000		245,114
5.625%, 01/01/2030 (C)		140,000		139,797
GA Global Funding Trust 4.500%, 09/18/2030 (C)		295,000		292,627
HPS Corporate Lending Fund 5.850%, 06/05/2030 (C)		215,000		218,824
HSBC Holdings PLC 5.240%, (5.240% to 5-13-30, then Overnight SOFR + 1.570%), 05/13/2031		400,000		411,620
JPMorgan Chase & Co.
2.545%, (2.545% to 11-8-31, then Overnight SOFR + 1.180%), 11/08/2032		115,000		103,146
2.580%, (2.580% to 4-22-31, then 3 month CME Term SOFR + 1.250%), 04/22/2032		40,000		36,353
3.702%, (3.702% to 5-6-29, then 3 month CME Term SOFR + 1.422%), 05/06/2030		65,000		63,882
4.005%, (4.005% to 4-23-28, then 3 month CME Term SOFR + 1.382%), 04/23/2029		60,000		59,850
4.505%, (4.505% to 10-22-27, then Overnight SOFR + 0.860%), 10/22/2028		185,000		186,581
4.946%, (4.946% to 10-22-34, then Overnight SOFR + 1.340%), 10/22/2035		30,000		30,255
4.995%, (4.995% to 7-22-29, then Overnight SOFR + 1.125%), 07/22/2030		185,000		189,763
5.103%, (5.103% to 4-22-30, then Overnight SOFR + 1.435%), 04/22/2031		220,000		227,286
5.299%, (5.299% to 7-24-28, then Overnight SOFR + 1.450%), 07/24/2029		175,000		180,308
5.336%, (5.336% to 1-23-34, then Overnight SOFR + 1.620%), 01/23/2035		130,000		135,119
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036		190,000		196,970

 

109

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. (continued)
5.581%, (5.581% to 4-22-29, then Overnight SOFR + 1.160%), 04/22/2030	$	195,000	$	203,675
Lincoln Financial Global Funding 4.625%, 05/28/2028 (C)		125,000		126,284
Marsh & McLennan Companies, Inc. 5.400%, 03/15/2055		80,000		78,434
mBank SA 0.966%, (0.966% to 9-21-26, then 3 month EURIBOR + 1.250%), 09/21/2027	EUR	100,000		115,174
Morgan Stanley
1.794%, (1.794% to 2-13-31, then Overnight SOFR + 1.034%), 02/13/2032	$	10,000		8,722
1.928%, (1.928% to 4-28-31, then Overnight SOFR + 1.020%), 04/28/2032		200,000		174,546
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032		85,000		75,072
4.210%, (4.210% to 4-20-27, then Overnight SOFR + 1.610%), 04/20/2028		105,000		105,114
5.230%, (5.230% to 1-15-30, then Overnight SOFR + 1.108%), 01/15/2031		50,000		51,607
5.449%, (5.449% to 7-20-28, then Overnight SOFR + 1.630%), 07/20/2029		55,000		56,832
5.656%, (5.656% to 4-18-29, then Overnight SOFR + 1.260%), 04/18/2030		160,000		167,074
MSCI, Inc. 3.625%, 11/01/2031 (C)		192,000		180,337
OTP Bank NYRT 7.500%, (7.500% to 5-25-26, then 1 Year CMT + 3.711%), 05/25/2027		200,000		203,359
Rocket Mortgage LLC 3.875%, 03/01/2031 (C)		250,000		233,461
Royal Bank of Canada 5.153%, (5.153% to 2-4-30, then Overnight SOFR + 1.030%), 02/04/2031		160,000		164,838
Sixth Street Lending Partners 6.125%, 07/15/2030 (C)		250,000		258,469
Standard Chartered PLC 7.767%, (7.767% to 11-16-27, then 1 Year CMT + 3.450%), 11/16/2028 (C)		200,000		214,156
Synchrony Financial
5.450%, (5.450% to 3-6-30, then Overnight SOFR + 1.680%), 03/06/2031		140,000		142,655
6.000%, (6.000% to 7-29-35, then Overnight SOFR + 2.070%), 07/29/2036		135,000		138,084
The Bank of New York Mellon Corp.
5.060%, (5.060% to 7-22-31, then Overnight SOFR + 1.230%), 07/22/2032		75,000		77,492
5.188%, (5.188% to 3-14-34, then Overnight SOFR + 1.418%), 03/14/2035		45,000		46,386

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The Bank of New York Mellon Corp. (continued)
6.317%, (6.317% to 10-25-28, then Overnight SOFR + 1.598%), 10/25/2029	$	20,000	$	21,283
The Goldman Sachs Group, Inc.
2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032		20,000		18,144
4.482%, (4.482% to 8-23-27, then Overnight SOFR + 1.725%), 08/23/2028		15,000		15,094
4.692%, (4.692% to 10-23-29, then Overnight SOFR + 1.135%), 10/23/2030		190,000		192,421
5.016%, (5.016% to 10-23-34, then Overnight SOFR + 1.420%), 10/23/2035		55,000		55,366
5.049%, (5.049% to 7-23-29, then Overnight SOFR + 1.210%), 07/23/2030		235,000		240,890
5.218%, (5.218% to 4-23-30, then Overnight SOFR + 1.580%), 04/23/2031		65,000		67,217
UBS Group AG 6.442%, (6.442% to 8-11-27, then Overnight SOFR + 3.700%), 08/11/2028 (C)		250,000		259,759
Wells Fargo & Company
2.572%, (2.572% to 2-11-30, then 3 month CME Term SOFR + 1.262%), 02/11/2031		100,000		92,933
2.879%, (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%), 10/30/2030		30,000		28,404
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033		145,000		134,977
4.897%, (4.897% to 7-25-32, then Overnight SOFR + 2.100%), 07/25/2033		155,000		157,469
5.150%, (5.150% to 4-23-30, then Overnight SOFR + 1.500%), 04/23/2031		65,000		67,035
5.244%, (5.244% to 1-24-30, then Overnight SOFR + 1.110%), 01/24/2031		70,000		72,423
5.574%, (5.574% to 7-25-28, then Overnight SOFR + 1.740%), 07/25/2029		45,000		46,636
6.491%, (6.491% to 10-23-33, then Overnight SOFR + 2.060%), 10/23/2034		75,000		83,332
				13,283,011
Health care – 2.0%
Avantor Funding, Inc.
3.875%, 11/01/2029 (C)		130,000		123,625
4.625%, 07/15/2028 (C)		375,000		368,872
Cardinal Health, Inc.
4.500%, 09/15/2030		285,000		285,869
5.000%, 11/15/2029		250,000		256,348
Cencora, Inc. 4.850%, 12/15/2029		170,000		173,458
Centene Corp.
2.500%, 03/01/2031		190,000		163,669

 

110

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Centene Corp. (continued)
2.625%, 08/01/2031	$	120,000	$	103,083
CVS Health Corp.
1.750%, 08/21/2030		55,000		48,277
1.875%, 02/28/2031		30,000		26,073
2.125%, 09/15/2031		70,000		60,761
5.450%, 09/15/2035		110,000		111,936
6.750%, (6.750% to 12-10-34, then 5 Year CMT + 2.516%), 12/10/2054		105,000		108,385
GE HealthCare Technologies, Inc. 5.500%, 06/15/2035		145,000		150,305
Hologic, Inc. 3.250%, 02/15/2029 (C)		238,000		229,811
Humana, Inc.
5.375%, 04/15/2031		100,000		102,861
5.550%, 05/01/2035		160,000		163,001
Icon Investments Six DAC 6.000%, 05/08/2034		200,000		209,940
Royalty Pharma PLC 5.200%, 09/25/2035		405,000		404,656
Solventum Corp. 5.400%, 03/01/2029		70,000		72,239
The Cigna Group 4.875%, 09/15/2032		365,000		368,680
Thermo Fisher Scientific, Inc. 4.473%, 10/07/2032		170,000		170,026
UnitedHealth Group, Inc.
2.750%, 05/15/2040		155,000		115,495
3.500%, 08/15/2039		70,000		58,387
4.950%, 05/15/2062		30,000		26,379
5.300%, 02/15/2030		15,000		15,615
5.300%, 06/15/2035		55,000		56,855
5.375%, 04/15/2054		125,000		120,046
5.750%, 07/15/2064		25,000		24,890
6.050%, 02/15/2063		10,000		10,445
Viatris, Inc. 3.850%, 06/22/2040		140,000		106,762
				4,236,749
Industrials – 1.1%
Builders FirstSource, Inc. 5.000%, 03/01/2030 (C)		225,000		222,712
Clean Harbors, Inc.
4.875%, 07/15/2027 (C)		183,000		182,847
6.375%, 02/01/2031 (C)		35,000		35,841
Daimler Truck Finance North America LLC 5.000%, 10/12/2032 (C)		255,000		256,230
International Airport Finance SA 12.000%, 03/15/2033 (C)		288,694		307,618
L3Harris Technologies, Inc. 5.050%, 06/01/2029		120,000		123,372
Regal Rexnord Corp. 6.050%, 04/15/2028		130,000		134,476
Siemens Funding BV 4.600%, 05/28/2030 (C)		205,000		208,688
The Boeing Company
2.950%, 02/01/2030		45,000		42,367
3.200%, 03/01/2029		35,000		33,772
3.750%, 02/01/2050		10,000		7,388
5.150%, 05/01/2030		150,000		153,923
5.705%, 05/01/2040		295,000		301,013
6.388%, 05/01/2031		50,000		54,456
6.528%, 05/01/2034		75,000		82,910

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Wabtec Corp. 4.900%, 05/29/2030	$	130,000	$	132,855
				2,280,468
Information technology – 2.6%
Applied Materials, Inc. 4.600%, 01/15/2036		165,000		163,292
Broadcom, Inc.
4.150%, 02/15/2028		120,000		120,313
4.200%, 10/15/2030		150,000		149,744
5.050%, 07/12/2029		65,000		66,956
5.200%, 07/15/2035		235,000		242,191
Fair Isaac Corp. 4.000%, 06/15/2028 (C)		108,000		105,035
Foundry JV Holdco LLC
5.900%, 01/25/2033 (C)		200,000		210,897
6.150%, 01/25/2032 (C)		200,000		213,767
6.250%, 01/25/2035 (C)		200,000		214,083
Gartner, Inc. 4.500%, 07/01/2028 (C)		193,000		191,424
Gen Digital, Inc. 6.750%, 09/30/2027 (C)		138,000		140,115
Hewlett Packard Enterprise Company
5.000%, 10/15/2034		35,000		34,728
5.600%, 10/15/2054		200,000		191,273
IBM Corp. 4.800%, 02/10/2030		175,000		179,083
Insight Enterprises, Inc. 6.625%, 05/15/2032 (C)		363,000		372,184
Intel Corp.
3.100%, 02/15/2060		60,000		35,555
3.250%, 11/15/2049		151,000		100,338
3.734%, 12/08/2047		265,000		195,733
4.100%, 05/11/2047		70,000		54,659
4.150%, 08/05/2032		55,000		53,054
4.750%, 03/25/2050		10,000		8,471
5.200%, 02/10/2033		95,000		97,125
Marvell Technology, Inc.
2.450%, 04/15/2028		80,000		76,631
2.950%, 04/15/2031		115,000		106,208
Micron Technology, Inc. 5.650%, 11/01/2032		155,000		162,662
Open Text Corp.
3.875%, 12/01/2029 (C)		590,000		557,698
6.900%, 12/01/2027 (C)		100,000		104,042
Oracle Corp.
2.875%, 03/25/2031		135,000		123,962
2.950%, 04/01/2030		35,000		32,978
3.850%, 04/01/2060		175,000		120,342
3.950%, 03/25/2051		20,000		14,870
4.100%, 03/25/2061		30,000		21,600
4.700%, 09/27/2034		190,000		185,551
4.800%, 09/26/2032		475,000		475,571
5.250%, 02/03/2032		30,000		30,928
5.500%, 09/27/2064		45,000		41,213
Qorvo, Inc. 3.375%, 04/01/2031 (C)		200,000		183,756
Qualcomm, Inc. 4.750%, 05/20/2032		145,000		147,687
				5,525,719
Materials – 1.0%
Anglo American Capital PLC 4.500%, 03/15/2028 (C)		200,000		201,122
Ball Corp. 6.000%, 06/15/2029		630,000		644,896

 

111

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials (continued)
Glencore Funding LLC
5.371%, 04/04/2029 (C)	$	120,000	$	123,648
5.634%, 04/04/2034 (C)		40,000		41,630
6.375%, 10/06/2030 (C)		170,000		183,493
6.500%, 10/06/2033 (C)		50,000		55,100
Rio Tinto Alcan, Inc. 6.125%, 12/15/2033		100,000		109,777
Rio Tinto Finance USA PLC
5.000%, 03/14/2032		35,000		35,979
5.875%, 03/14/2065		100,000		104,176
Standard Industries, Inc.
3.375%, 01/15/2031 (C)		5,000		4,528
4.375%, 07/15/2030 (C)		410,000		393,100
The Sherwin-Williams Company 5.150%, 08/15/2035		295,000		300,164
				2,197,613
Real estate – 0.4%
American Tower Corp. 2.700%, 04/15/2031		165,000		150,536
Cousins Properties LP 5.375%, 02/15/2032		145,000		148,664
Crown Castle, Inc.
2.100%, 04/01/2031		30,000		26,266
2.250%, 01/15/2031		245,000		218,046
3.100%, 11/15/2029		150,000		142,689
Iron Mountain, Inc. 6.250%, 01/15/2033 (C)		210,000		214,203
				900,404
Utilities – 4.7%
AES Andes SA 6.250%, 03/14/2032 (C)		200,000		209,385
Alabama Power Company
3.450%, 10/01/2049		75,000		54,956
4.150%, 08/15/2044		105,000		89,113
5.100%, 04/02/2035		20,000		20,438
Arizona Public Service Company 5.700%, 08/15/2034		105,000		110,014
Baltimore Gas & Electric Company 5.450%, 06/01/2035		105,000		109,066
Boston Gas Company 3.757%, 03/16/2032 (C)		68,000		64,050
Cleco Corporate Holdings LLC 3.375%, 09/15/2029		90,000		84,095
Consolidated Edison Company of New York, Inc.
3.200%, 12/01/2051		120,000		81,263
5.500%, 03/15/2055		110,000		108,762
Dominion Energy, Inc.
5.000%, 06/15/2030		140,000		143,529
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056		480,000		483,434
Duke Energy Corp.
2.550%, 06/15/2031		305,000		275,735
3.300%, 06/15/2041		50,000		38,485
4.950%, 09/15/2035		245,000		243,392
5.000%, 08/15/2052		80,000		72,020
5.450%, 06/15/2034		5,000		5,201
Duke Energy Florida LLC 1.750%, 06/15/2030		115,000		102,940
Duke Energy Indiana LLC
2.750%, 04/01/2050		80,000		50,815
3.250%, 10/01/2049		105,000		73,167
Duke Energy Ohio, Inc. 5.550%, 03/15/2054		60,000		59,936

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Duke Energy Progress LLC
3.700%, 10/15/2046	$	125,000	$	96,704
5.050%, 03/15/2035		35,000		35,564
5.550%, 03/15/2055		55,000		55,220
Edison International
5.250%, 03/15/2032 (D)		61,000		60,421
6.250%, 03/15/2030		150,000		155,975
Eversource Energy
5.125%, 05/15/2033		200,000		202,785
5.500%, 01/01/2034		125,000		129,077
Georgia Power Company
4.300%, 03/15/2042		75,000		66,202
4.550%, 03/15/2030		70,000		71,083
4.850%, 03/15/2031		290,000		297,768
5.200%, 03/15/2035		130,000		133,216
Interstate Power & Light Company 5.600%, 06/29/2035		155,000		161,035
Jersey Central Power & Light Company 5.100%, 01/15/2035		35,000		35,472
KeySpan Gas East Corp. 5.994%, 03/06/2033 (C)		29,000		30,710
Monongahela Power Company 5.850%, 02/15/2034 (C)		15,000		15,854
NiSource, Inc.
3.490%, 05/15/2027		85,000		84,188
5.350%, 07/15/2035		185,000		188,890
5.400%, 06/30/2033		35,000		36,284
NSTAR Electric Company 5.400%, 06/01/2034		75,000		78,073
Ohio Edison Company 5.500%, 01/15/2033 (C)		35,000		36,367
Oncor Electric Delivery Company LLC 5.350%, 04/01/2035 (C)		95,000		98,258
Pacific Gas & Electric Company
2.500%, 02/01/2031		340,000		302,907
3.300%, 08/01/2040		40,000		30,306
3.500%, 08/01/2050		30,000		20,466
4.550%, 07/01/2030		100,000		99,305
4.750%, 02/15/2044		40,000		34,221
4.950%, 07/01/2050		32,000		27,465
5.050%, 10/15/2032		90,000		89,829
5.800%, 05/15/2034		140,000		145,063
5.900%, 06/15/2032		25,000		26,137
5.900%, 10/01/2054		145,000		141,245
6.100%, 01/15/2029		160,000		167,377
6.150%, 01/15/2033		105,000		111,131
6.150%, 03/01/2055		23,000		23,131
6.700%, 04/01/2053		35,000		37,426
6.750%, 01/15/2053		215,000		231,651
6.950%, 03/15/2034		145,000		160,833
Pinnacle West Capital Corp.
4.900%, 05/15/2028		131,000		133,083
5.150%, 05/15/2030		115,000		118,265
Public Service Company of Oklahoma 5.200%, 01/15/2035		140,000		141,728
Public Service Enterprise Group, Inc.
4.900%, 03/15/2030		195,000		199,321
5.450%, 04/01/2034		15,000		15,526
6.125%, 10/15/2033		50,000		53,977
Puget Energy, Inc.
4.100%, 06/15/2030		22,000		21,485
4.224%, 03/15/2032		8,000		7,661
5.725%, 03/15/2035		465,000		479,844
San Diego Gas & Electric Company 5.400%, 04/15/2035		145,000		149,744

 

112

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Southern California Edison Company
3.650%, 02/01/2050	$	35,000	$	24,461
3.900%, 03/15/2043		10,000		7,825
4.000%, 04/01/2047		75,000		56,739
4.125%, 03/01/2048		145,000		110,788
4.650%, 10/01/2043		20,000		17,034
5.200%, 06/01/2034		47,000		46,719
5.450%, 03/01/2035		75,000		75,905
5.450%, 06/01/2052		5,000		4,539
5.700%, 03/01/2053		61,000		57,281
5.875%, 12/01/2053		100,000		96,578
5.900%, 03/01/2055		65,000		63,079
5.950%, 11/01/2032		190,000		200,238
6.200%, 09/15/2055		25,000		25,203
Southern California Gas Company
5.600%, 04/01/2054		70,000		70,243
6.000%, 06/15/2055		175,000		183,236
Southern Company Gas Capital Corp. 5.100%, 09/15/2035		145,000		145,379
Southern Power Company 4.900%, 10/01/2035		110,000		108,482
Trans-Allegheny Interstate Line Company 5.000%, 01/15/2031 (C)		125,000		128,163
Virginia Electric & Power Company
2.450%, 12/15/2050		43,000		25,033
4.200%, 05/15/2045		10,000		8,359
4.900%, 09/15/2035		130,000		129,320
5.000%, 04/01/2033		130,000		132,300
5.000%, 01/15/2034		135,000		136,518
5.050%, 08/15/2034		50,000		50,682
5.150%, 03/15/2035		85,000		86,554
5.350%, 01/15/2054		50,000		48,048
5.650%, 03/15/2055		10,000		10,058
Wisconsin Power & Light Company 5.375%, 03/30/2034		95,000		98,648
Xcel Energy, Inc.
4.600%, 06/01/2032		85,000		84,332
4.750%, 03/21/2028		110,000		111,357
5.600%, 04/15/2035		70,000		72,565
				9,933,735
TOTAL CORPORATE BONDS (Cost $54,439,584)			$	55,336,234
MUNICIPAL BONDS – 1.0%
Chicago Board of Education (Illinois), GO 6.138%, 12/01/2039		155,000		147,353
Chicago Board of Education (Illinois), GO 6.319%, 11/01/2029		120,000		118,900
County of Riverside (California) 3.070%, 02/15/2028		600,000		590,314
Metropolitan Transportation Authority (New York) 4.750%, 11/15/2045		255,000		253,541
Metropolitan Transportation Authority (New York) 5.175%, 11/15/2049		25,000		23,071

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
MUNICIPAL BONDS (continued)
New York Transportation Development Corp. 4.248%, 09/01/2035	$	400,000	$	393,126
Philadelphia Authority for Industrial Development (Pennsylvania) 6.550%, 10/15/2028		675,000		716,785
TOTAL MUNICIPAL BONDS (Cost $2,409,682)			$	2,243,090
COLLATERALIZED MORTGAGE OBLIGATIONS – 13.2%
Commercial and residential – 9.8%
280 Park Avenue Mortgage Trust Series 2017-280P, Class E (1 month CME Term SOFR + 2.419%) 6.637%, 09/15/2034 (C)(E)		214,000		207,313
Angel Oak Mortgage Trust LLC
Series 2020-R1, Class A1, 0.990%, 04/25/2053 (C)(F)		54,528		51,800
Series 2021-2, Class A1, 0.985%, 04/25/2066 (C)(F)		102,010		88,550
Series 2021-4, Class A2, 1.241%, 01/20/2065 (C)(F)		101,369		85,980
Series 2021-5, Class A1, 0.951%, 07/25/2066 (C)(F)		229,956		200,939
Series 2021-6, Class A1, 1.458%, 09/25/2066 (C)(F)		382,649		325,518
Series 2021-8, Class A1, 1.820%, 11/25/2066 (C)(F)		169,854		152,202
Series 2022-2, Class A1, 3.353%, 01/25/2067 (C)(F)		50,889		48,263
Series 2022-5, Class A1 (4.500% to 7-1-26, then 5.500% thereafter), 4.500%, 05/25/2067 (C)		428,333		425,891
Arroyo Mortgage Trust Series 2019-2, Class A1 3.347%, 04/25/2049 (C)(F)		98,059		95,434
BANK
Series 2017-BNK8, Class XA IO, 0.841%, 11/15/2050		3,593,796		39,256
Series 2019-BN18, Class XA IO, 1.026%, 05/15/2062		1,378,109		36,164
Series 2019-BN20, Class XA IO, 0.924%, 09/15/2062		2,157,655		59,047
Series 2019-BN22, Class XA IO, 0.694%, 11/15/2062		2,379,664		50,017
Series 2019-BN23, Class XA IO, 0.799%, 12/15/2052		1,890,016		45,019
Series 2019-BN24, Class XA IO, 0.749%, 11/15/2062		1,160,633		27,410
Series 2020-BN28, Class XA IO, 1.875%, 03/15/2063		2,499,982		173,533
Series 2023-BNK45, Class XA IO, 1.206%, 02/15/2056		987,954		52,678
BBCMS Mortgage Trust
Series 2017-C1, Class XA IO, 1.610%, 02/15/2050		2,539,499		32,429
Series 2022-C15, Class A5, 3.662%, 04/15/2055 (F)		110,000		102,218
Series 2024-C24, Class XA IO, 1.864%, 02/15/2057		993,040		94,930
Series 2025-C32, Class XA IO, 1.356%, 02/15/2062		999,077		83,953
Benchmark Mortgage Trust
Series 2018-B1, Class XA IO, 0.666%, 01/15/2051		846,261		8,003
Series 2018-B4, Class XA IO, 0.613%, 07/15/2051		1,983,475		18,995

 

113

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Benchmark Mortgage Trust (continued)
Series 2018-B8, Class XA IO, 0.776%, 01/15/2052	$	4,302,649	$	65,792
Series 2019-B10, Class XA IO, 1.380%, 03/15/2062		2,609,862		92,278
Series 2019-B12, Class XA IO, 1.201%, 08/15/2052		981,902		25,916
Series 2019-B15, Class A5, 2.928%, 12/15/2072		565,000		527,852
Series 2020-B18, Class XA IO, 1.853%, 07/15/2053		566,972		29,621
Series 2020-B22, Class XA IO, 1.613%, 01/15/2054		1,149,773		71,979
BINOM Securitization Trust Series 2021-INV1, Class A1 2.034%, 06/25/2056 (C)(F)		108,707		98,844
BOCA Commercial Mortgage Trust Series 2024-BOCA, Class B (1 month CME Term SOFR + 2.340%) 6.490%, 08/15/2041 (C)(E)		220,000		221,100
BPR Trust
Series 2022-STAR, Class A (1 month CME Term SOFR + 3.232%), 7.382%, 08/15/2039 (C)(E)		275,000		274,967
Series 2024-PMDW, Class B, 5.850%, 11/05/2041 (C)(F)		100,000		102,229
BRAVO Residential Funding Trust
Series 2021-NQM1, Class A1, 0.941%, 02/25/2049 (C)(F)		52,203		48,978
Series 2021-NQM2, Class A1, 0.970%, 03/25/2060 (C)(F)		28,714		28,046
BSTN Commercial Mortgage Trust Series 2025-HUB, Class A 5.062%, 04/13/2041 (C)(F)		100,000		100,000
BWAY Trust Series 2025-1535, Class B 7.710%, 05/05/2042 (C)(F)		295,000		308,681
BX Trust Series 2024-PAT, Class B (1 month CME Term SOFR + 3.039%) 7.189%, 03/15/2041 (C)(E)		39,000		39,000
Citigroup Commercial Mortgage Trust Series 2016-C3, Class C 4.139%, 11/15/2049 (F)		288,000		255,346
COLT Mortgage Loan Trust Series 2021-3, Class A1 0.956%, 09/27/2066 (C)(F)		494,804		415,602
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2022-HC, Class A, 2.819%, 01/10/2039 (C)		100,000		95,794
Series 2022-HC, Class D, 4.084%, 01/10/2039 (C)(F)		100,000		93,426
Series 2024-CBM, Class B, 6.511%, 12/10/2041 (C)(F)		137,000		139,047
Credit Suisse Mortgage Capital Certificates
Series 2017-FHA1, Class A1, 3.250%, 04/25/2047 (C)(F)		113,891		104,814
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (C)(F)		207,412		186,129
Series 2021-NQM8, Class A1, 1.841%, 10/25/2066 (C)(F)		190,792		174,221

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Credit Suisse Mortgage Capital Certificates (continued)
Series 2021-RPL4, Class A1, 4.136%, 12/27/2060 (C)(F)	$	110,869	$	110,420
Series 2022-NQM1, Class A1, 2.265%, 11/25/2066 (C)(F)		494,528		452,704
CSAIL Commercial Mortgage Trust
Series 2016-C6, Class A5, 3.090%, 01/15/2049		115,000		114,074
Series 2016-C6, Class XA IO, 2.008%, 01/15/2049		877,203		770
DBJPM Mortgage Trust Series 2020-C9, Class XA IO 1.699%, 09/15/2053		418,313		19,002
DC Trust
Series 2024-HLTN, Class A, 5.933%, 04/13/2040 (C)(F)		90,000		90,984
Series 2024-HLTN, Class C, 7.286%, 04/13/2040 (C)(F)		45,000		44,994
Deephaven Residential Mortgage Trust Series 2021-2, Class A1 0.899%, 04/25/2066 (C)(F)		65,531		58,223
Durst Commercial Mortgage Trust Series 2025-151, Class A 5.317%, 08/10/2042 (C)(F)		100,000		101,852
Ellington Financial Mortgage Trust
Series 2021-2, Class A1, 0.931%, 06/25/2066 (C)(F)		73,043		61,429
Series 2022-1, Class A1, 2.206%, 01/25/2067 (C)(F)		220,804		195,175
GCAT Trust
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (C)(F)		143,623		123,726
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (C)(F)		182,985		158,937
Series 2021-NQM7, Class A1, 1.915%, 08/25/2066 (C)(F)		122,619		114,219
Series 2022-HX1, Class A1, 2.885%, 12/27/2066 (C)(F)		334,230		314,966
GS Mortgage Securities Trust Series 2024-70P, Class B 5.887%, 03/10/2041 (C)(F)		295,000		295,932
HTL Commercial Mortgage Trust
Series 2024-T53, Class B, 6.774%, 05/10/2039 (C)(F)		130,000		132,243
Series 2024-T53, Class C, 7.324%, 05/10/2039 (C)(F)		100,000		101,933
Imperial Fund Mortgage Trust
Series 2021-NQM2, Class A1, 1.073%, 09/25/2056 (C)(F)		141,577		121,977
Series 2022-NQM2, Class A1 (3.638% to 3-25-26, then 4.638% thereafter), 3.638%, 03/25/2067 (C)		470,478		448,926
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2016-JP3, Class A5, 2.870%, 08/15/2049		115,000		113,165
Series 2020-NNN, Class AFX, 2.812%, 01/16/2037 (C)		160,000		143,200
Legacy Mortgage Asset Trust
Series 2021-GS2, Class A1, 5.750%, 04/25/2061 (C)		107,282		107,198

 

114

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Legacy Mortgage Asset Trust (continued)
Series 2021-GS3, Class A1, 5.750%, 07/25/2061 (C)	$	145,845	$	145,833
Series 2021-GS4, Class A1, 5.650%, 11/25/2060 (C)		71,063		71,103
MAD Commercial Mortgage Trust Series 2025-11MD, Class B 5.095%, 10/15/2042 (C)(F)		280,000		279,841
MFA Trust
Series 2020-NQM3, Class A1, 1.014%, 01/26/2065 (C)(F)		12,516		11,894
Series 2021-NQM1, Class A1, 1.153%, 04/25/2065 (C)(F)		61,808		58,221
Series 2021-NQM2, Class A1, 1.029%, 11/25/2064 (C)(F)		100,025		88,489
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C26, Class A5 3.531%, 10/15/2048		30,003		29,946
Morgan Stanley Capital I Trust
Series 2014-150E, Class A, 3.912%, 09/09/2032 (C)		610,000		553,396
Series 2017-H1, Class XA IO, 1.447%, 06/15/2050		604,883		9,004
Series 2021-230P, Class B (1 month CME Term SOFR + 1.563%), 5.714%, 12/15/2038 (C)(E)		150,000		138,750
Morgan Stanley Residential Mortgage Loan Trust Series 2025-SPL1, Class A1 (4.250% to 9-1-29, then 5.250% thereafter) 4.250%, 02/25/2065 (C)		405,000		395,372
Natixis Commercial Mortgage Securities Trust Series 2018-SOX, Class C 4.932%, 06/17/2038 (C)(F)		100,000		97,242
New Residential Mortgage Loan Trust
Series 2016-2A, Class A1, 3.750%, 11/26/2035 (C)(F)		105,171		102,144
Series 2016-4A, Class A1, 3.750%, 11/25/2056 (C)(F)		119,394		114,773
Series 2017-4A, Class A1, 4.000%, 05/25/2057 (C)(F)		110,990		106,945
Series 2017-5A, Class A1 (1 month CME Term SOFR + 1.614%), 5.772%, 06/25/2057 (C)(E)		90,090		91,202
Series 2018-1A, Class A1A, 4.000%, 12/25/2057 (C)(F)		79,235		77,477
Series 2018-4A, Class A1S (1 month CME Term SOFR + 0.864%), 5.022%, 01/25/2048 (C)(E)		113,500		111,494
Series 2019-5A, Class A1B, 3.500%, 08/25/2059 (C)(F)		108,973		103,791
Series 2019-NQM4, Class A1, 2.492%, 09/25/2059 (C)(F)		26,248		25,221
Series 2021-NQ2R, Class A1, 0.941%, 10/25/2058 (C)(F)		44,293		42,363
NMLT Trust Series 2021-INV1, Class A1 1.185%, 05/25/2056 (C)(F)		287,026		253,240

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
NRTH Commercial Mortgage Trust Series 2025-PARK, Class B (1 month CME Term SOFR + 1.643%) 5.793%, 10/15/2040 (C)(E)	$	35,000	$	34,913
NYC Commercial Mortgage Trust
Series 2025-300P, Class A, 4.879%, 07/13/2042 (C)(F)		330,000		331,595
Series 2025-300P, Class B, 5.176%, 07/13/2042 (C)(F)		250,000		251,205
Series 2025-3BP, Class B (1 month CME Term SOFR + 1.692%), 5.842%, 02/15/2042 (C)(E)		385,000		384,673
OBX Trust
Series 2021-NQM1, Class A1, 1.072%, 02/25/2066 (C)(F)		199,656		174,336
Series 2021-NQM3, Class A1, 1.054%, 07/25/2061 (C)(F)		455,176		374,892
Series 2021-NQM4, Class A1, 1.957%, 10/25/2061 (C)(F)		109,047		93,501
Series 2022-NQM1, Class A1, 2.305%, 11/25/2061 (C)(F)		522,226		473,163
Pretium Mortgage Credit Partners LLC
Series 2024-NPL5, Class A1 (5.963% to 9-25-27, then 8.963% to 9-25-28, then 9.963% thereafter), 5.963%, 09/25/2054 (C)		451,471		451,753
Series 2024-NPL7, Class A1 (5.925% to 10-25-27, then 8.925% to 10-25-28, then 9.925% thereafter), 5.925%, 10/25/2054 (C)		90,722		90,817
Series 2025-NPL6, Class A1 (5.744% to 6-25-28, then 8.744% to 6-25-29, then 11.744% thereafter), 5.744%, 06/25/2055 (C)		489,991		492,412
Series 2025-NPL7, Class A1 (5.657% to 7-25-28, then 8.657% to 7-25-29, then 11.657% thereafter), 5.657%, 07/25/2055 (C)		322,774		323,733
Series 2025-NPL8, Class A1 (5.732% to 7-25-28, then 8.732% to 7-25-29, then 9.732% thereafter), 5.732%, 08/25/2055 (C)		295,418		296,156
Series 2025-NPL9, Class A1 (5.391% to 8-25-28, then 8.391% to 8-25-29, then 9.391% thereafter), 5.391%, 08/25/2055 (C)		405,092		405,399
PRPM LLC
Series 2024-6, Class A1 (5.699% to 11-25-27, then 8.699% to 11-25-28, then 9.699% thereafter), 5.699%, 11/25/2029 (C)		90,077		90,126
Series 2024-7, Class A1 (5.870% to 11-25-27, then 8.870% to 11-25-28, then 9.870% thereafter), 5.870%, 11/25/2029 (C)		200,575		200,639
Series 2025-3, Class A1 (6.255% to 5-1-28, then 9.255% to 5-1-29, then 10.255% thereafter), 6.255%, 05/25/2030 (C)		93,167		93,378
Series 2025-6, Class A1 (5.774% to 8-1-28, then 8.774% to 8-1-29, then 9.774% thereafter), 5.774%, 08/25/2028 (C)		271,453		271,735

 

115

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 (continued)
Series 2025-7, Class A1 (5.503% to 8-1-28, then 8.503% to 8-1-29, then 9.503% thereafter), 5.503%, 08/25/2030 (C)	$	193,313	$	193,593
RFR Trust
Series 2025-SGRM, Class A, 5.562%, 03/11/2041 (C)(F)		103,094		105,412
Series 2025-SGRM, Class B, 5.863%, 03/11/2041 (C)(F)		335,000		342,790
SG Commercial Mortgage Securities Trust Series 2020-COVE, Class A 2.632%, 03/15/2037 (C)		570,000		532,228
SG Residential Mortgage Trust Series 2021-1, Class A1 1.160%, 07/25/2061 (C)(F)		291,806		243,405
Starwood Mortgage Residential Trust
Series 2021-1, Class A1, 1.219%, 05/25/2065 (C)(F)		114,620		107,656
Series 2021-2, Class A1, 0.943%, 05/25/2065 (C)(F)		35,987		33,950
Series 2021-6, Class A1, 1.920%, 11/25/2066 (C)(F)		286,115		252,589
Towd Point Mortgage Trust Series 2021-R1, Class A1 2.918%, 11/30/2060 (C)(F)		542,012		486,701
Verus Securitization Trust
Series 2021-2, Class A1, 1.031%, 02/25/2066 (C)(F)		72,809		65,084
Series 2021-5, Class A1, 1.013%, 09/25/2066 (C)(F)		98,908		86,131
Series 2021-8, Class A1, 1.824%, 11/25/2066 (C)(F)		188,946		174,882
Series 2021-R2, Class A1, 0.918%, 02/25/2064 (C)(F)		76,306		71,196
Series 2022-1, Class A1 (2.724% to 1-25-26, then 3.724% thereafter), 2.724%, 01/25/2067 (C)		290,560		272,145
Series 2022-3, Class A1 (4.130% to 3-1-26, then 5.130% thereafter), 4.130%, 02/25/2067 (C)		67,799		65,266
WBRK Mortgage Trust
Series 2025-WBRK, Class A, 5.867%, 03/05/2035 (C)(F)		145,000		150,518
Series 2025-WBRK, Class B, 6.278%, 03/05/2035 (C)(F)		265,000		272,292
Wells Fargo Commercial Mortgage Trust Series 2015-NXS1, Class D 3.988%, 05/15/2048 (F)		40,000		37,240
				20,666,498
U.S. Government Agency – 3.4%
Federal Home Loan Mortgage Corp.
Series 2019-3, Class MV, 3.500%, 10/25/2058		102,532		97,317
Series 2021-DNA6, Class B1 (30 day Average SOFR + 3.400%), 7.756%, 10/25/2041 (C)(E)		505,000		516,358
Series 2021-DNA7, Class B1 (30 day Average SOFR + 3.650%), 8.006%, 11/25/2041 (C)(E)		194,000		199,140

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 2022-DNA3, Class M1B (30 day Average SOFR + 2.900%), 7.256%, 04/25/2042 (C)(E)	$	168,000	$	172,830
Series 2022-DNA4, Class M1B (30 day Average SOFR + 3.350%), 7.706%, 05/25/2042 (C)(E)		235,000		243,885
Series 2022-DNA5, Class M1B (30 day Average SOFR + 4.500%), 8.856%, 06/25/2042 (C)(E)		285,000		301,457
Series 2022-DNA6, Class M1B (30 day Average SOFR + 3.700%), 8.056%, 09/25/2042 (C)(E)		200,000		210,188
Series 2022-HQA2, Class M1B (30 day Average SOFR + 4.000%), 8.356%, 07/25/2042 (C)(E)		180,000		189,495
Series 2022-HQA3, Class M1B (30 day Average SOFR + 3.550%), 7.906%, 08/25/2042 (C)(E)		70,000		73,278
Series 2023-HQA1, Class M1B (30 day Average SOFR + 3.500%), 7.856%, 05/25/2043 (C)(E)		445,000		469,203
Series 2023-HQA2, Class M1B (30 day Average SOFR + 3.350%), 7.706%, 06/25/2043 (C)(E)		460,000		477,317
Series 3883, Class PB, 3.000%, 05/15/2041		37,348		35,849
Series 5055, Class DG, 1.500%, 12/25/2050		340,802		279,308
Series 5170, Class DP, 2.000%, 07/25/2050		322,755		283,468
Series K064, Class X1 IO, 0.723%, 03/25/2027		2,017,765		13,829
Series K068, Class A2, 3.244%, 08/25/2027		545,000		538,611
Series K104, Class X1 IO, 1.229%, 01/25/2030		1,256,713		50,253
Series K111, Class X1 IO, 1.674%, 05/25/2030		541,652		32,867
Series K114, Class X1 IO, 1.206%, 06/25/2030		1,583,869		70,101
Series K121, Class X1 IO, 1.111%, 10/25/2030		831,258		34,056
Series K122, Class X1 IO, 0.961%, 11/25/2030		469,813		17,285
Series K124, Class X1 IO, 0.806%, 12/25/2030		1,894,584		59,148
Federal National Mortgage Association
Series 2012-18, Class GA, 2.000%, 12/25/2041		38,825		36,562
Series 2012-21, Class PQ, 2.000%, 09/25/2041		20,800		19,740
Series 2012-52, Class PA, 3.500%, 05/25/2042		34,370		33,226
Series 2015-48, Class QB, 3.000%, 02/25/2043		29,869		29,353
Series 2016-11, Class GA, 2.500%, 03/25/2046		58,313		54,644
Series 2016-38, Class NA, 3.000%, 01/25/2046		31,316		29,427
Series 2017-16, Class PB, 3.000%, 03/25/2047		270,000		242,135

 

116

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2017-26, Class CG, 3.500%, 07/25/2044	$	20,470	$	20,331
Series 2017-34, Class JK, 3.000%, 05/25/2047		16,901		16,575
Series 2017-35, Class AH, 3.500%, 04/25/2053		24,157		24,013
Series 2017-49, Class JA, 4.000%, 07/25/2053		30,594		30,494
Series 2017-84, Class KA, 3.500%, 04/25/2053		36,190		35,887
Series 2018-23, Class LA, 3.500%, 04/25/2048		93,117		89,321
Series 2018-70, Class HA, 3.500%, 10/25/2056		56,489		55,382
Series 2019-12, Class HA, 3.500%, 11/25/2057		109,843		106,118
Series 2019-14, Class CA, 3.500%, 04/25/2049		101,465		98,339
Series 2019-45, Class PT, 3.000%, 08/25/2049		97,406		89,082
Series 2021-R01, Class 1B1 (30 day Average SOFR + 3.100%), 7.456%, 10/25/2041 (C)(E)		80,000		81,509
Series 2022-90, Class AY, 4.500%, 12/25/2041		640,000		634,116
Series 2022-R01, Class 1B1 (30 day Average SOFR + 3.150%), 7.506%, 12/25/2041 (C)(E)		188,000		192,523
Series 2022-R02, Class 2B1 (30 day Average SOFR + 4.500%), 8.856%, 01/25/2042 (C)(E)		395,000		409,568
Series 2022-R02, Class 2M2 (30 day Average SOFR + 3.000%), 7.356%, 01/25/2042 (C)(E)		195,000		198,960
Series 2023-R03, Class 2B1 (30 day Average SOFR + 6.350%), 10.706%, 04/25/2043 (C)(E)		170,000		189,294
Series 2024-R02, Class 1M2 (30 day Average SOFR + 1.800%), 6.156%, 02/25/2044 (C)(E)		88,000		88,724
Series 415, Class A3, 3.000%, 11/25/2042		78,139		72,426
Government National Mortgage Association
Series 2006-38, Class XS IO, 2.989%, 09/16/2035		4,792		30
Series 2013-37, Class LG, 2.000%, 01/20/2042		25,130		24,587
				7,267,609
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $29,244,251)			$	27,934,107
ASSET-BACKED SECURITIES – 7.1%
AASET Trust Series 2020-1A, Class A 3.351%, 01/16/2040 (C)		46,558		45,810
Affirm Asset Securitization Trust Series 2024-X2, Class B 5.330%, 12/17/2029 (C)		120,000		120,258
Affirm Master Trust Series 2025-2A, Class A 4.670%, 07/15/2033 (C)		260,000		261,498

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Aligned Data Centers Issuer LLC Series 2023-1A, Class A2 6.000%, 08/17/2048 (C)	$	265,000	$	267,756
Avis Budget Rental Car Funding AESOP LLC Series 2024-3A, Class B 5.580%, 12/20/2030 (C)		100,000		103,089
Battalion CLO XXV, Ltd. Series 2024-25A, Class B (3 month CME Term SOFR + 2.200%) 6.525%, 03/13/2037 (C)(E)		395,000		396,279
Benefit Street Partners Clo Xxxi Ltd. Series 2023-31A, Class BR (3 month CME Term SOFR + 1.750%) 6.068%, 04/25/2038 (C)(E)		270,000		271,544
Blue Owl Asset Leasing Trust Series 2024-1A, Class B 5.410%, 03/15/2030 (C)		100,000		101,238
CF Hippolyta Issuer LLC
Series 2020-1, Class A1 1.690%, 07/15/2060 (C)		103,646		89,026
Series 2020-1, Class A2 1.990%, 07/15/2060 (C)		125,341		105,492
Series 2022-1A, Class A1 5.970%, 08/15/2062 (C)		100,179		96,831
Commercial Equipment Finance LLC Series 2024-1A, Class A 5.970%, 07/16/2029 (C)		103,629		104,780
Domino's Pizza Master Issuer LLC
Series 2019-1A, Class A2 3.668%, 10/25/2049 (C)		168,000		161,599
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (C)		598,087		565,406
Elmwood CLO 23, Ltd. Series 2023-2A, Class BR (3 month CME Term SOFR + 1.750%) 6.068%, 04/16/2036 (C)(E)		250,000		250,508
Exeter Automobile Receivables Trust Series 2025-4A, Class B 4.400%, 05/15/2030		110,000		110,416
FirstKey Homes Trust
Series 2022-SFR1, Class A 4.145%, 05/19/2039 (C)		135,727		135,189
Series 2022-SFR2, Class A 4.250%, 07/17/2039 (C)		554,972		553,661
Generate CLO 12, Ltd. Series 2023-12A, Class AR (3 month CME Term SOFR + 1.330%) 5.613%, 07/20/2038 (C)(E)		420,000		421,286
GLS Auto Receivables Issuer Trust
Series 2024-4A, Class B 4.890%, 04/16/2029 (C)		175,000		176,325
Series 2025-1A, Class B 4.980%, 07/16/2029 (C)		285,000		288,076
GLS Auto Select Receivables Trust Series 2025-3A, Class B 4.810%, 09/15/2031 (C)		433,000		435,200
GreenSky Home Improvement Issuer Trust Series 2025-2A, Class B 5.070%, 06/25/2060 (C)		100,000		100,895
Hertz Vehicle Financing III LLC Series 2025-2A, Class A 5.130%, 09/25/2031 (C)		145,000		146,972

 

117

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
MF1, Ltd. Series 2022-FL8, Class AS (1 month CME Term SOFR + 1.750%) 5.884%, 02/19/2037 (C)(E)	$	335,000	$	334,166
Navient Private Education Refi Loan Trust
Series 2021-EA, Class A 0.970%, 12/16/2069 (C)		108,524		97,820
Series 2021-FA, Class A 1.110%, 02/18/2070 (C)		159,397		142,153
Series 2023-A, Class A 5.510%, 10/15/2071 (C)		202,881		207,825
NMEF Funding LLC Series 2025-B, Class B 4.730%, 01/18/2033 (C)		165,000		165,428
NRZ Excess Spread-Collateralized Notes Series 2020-PLS1, Class A 3.844%, 12/25/2025 (C)		21,502		21,425
Post Road Equipment Finance LLC
Series 2025-1A, Class A2 4.900%, 05/15/2031 (C)		100,000		100,783
Series 2025-1A, Class B 5.040%, 05/15/2031 (C)		100,000		101,373
Progress Residential Trust
Series 2021-SFR8, Class A 1.510%, 10/17/2038 (C)		386,828		378,657
Series 2022-SFR3, Class A 3.200%, 04/17/2039 (C)		128,670		126,315
Series 2022-SFR5, Class A 4.451%, 06/17/2039 (C)		99,047		99,053
Series 2022-SFR6, Class A 4.451%, 07/20/2039 (C)		620,709		621,342
Series 2022-SFR7, Class A 4.750%, 10/27/2039 (C)		161,716		162,489
Series 2025-SFR1, Class A 3.400%, 02/17/2042 (C)		299,630		286,228
Rad CLO 12, Ltd. Series 2021-12A, Class A1AR (3 month CME Term SOFR + 1.320%) 5.630%, 07/30/2040 (C)(E)		395,000		395,932
Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A 5.000%, 09/15/2048 (C)		395,000		395,385
RR 23, Ltd. Series 2022-23A, Class A2R2 (3 month CME Term SOFR + 1.650%) 5.968%, 07/15/2037 (C)(E)		520,000		522,231
Sabey Data Center Issuer LLC Series 2024-1, Class A2 6.000%, 04/20/2049 (C)		65,000		66,098
Santander Drive Auto Receivables Trust Series 2023-1, Class B 4.980%, 02/15/2028		7,303		7,304
SCF Equipment Trust LLC Series 2025-1A, Class A3 5.110%, 11/21/2033 (C)		170,000		173,989
Securitized Term Auto Receivables Trust
Series 2025-A, Class B 5.038%, 07/25/2031 (C)		56,701		57,231
Series 2025-B, Class B 4.925%, 12/29/2032 (C)		184,654		186,221
SFS Auto Receivables Securitization Trust Series 2023-1A, Class B 5.710%, 01/22/2030 (C)		115,000		117,952

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Sound Point CLO XXIX, Ltd. Series 2021-1A, Class A (3 month CME Term SOFR + 1.332%) 5.650%, 04/25/2034 (C)(E)	$	655,000	$	655,435
Stack Infrastructure Issuer LLC
Series 2023-2A, Class A2 5.900%, 07/25/2048 (C)		225,000		226,863
Series 2024-1A, Class A2 5.900%, 03/25/2049 (C)		120,000		121,971
Summit Issuer LLC Series 2020-1A, Class A2 2.290%, 12/20/2050 (C)		155,000		154,128
Taco Bell Funding LLC Series 2021-1A, Class A2II 2.294%, 08/25/2051 (C)		878,355		811,803
Texas Debt Capital CLO, Ltd. Series 2023-1A, Class BR (3 month CME Term SOFR + 1.650%) 5.965%, 07/20/2038 (C)(E)		300,000		301,190
VB Issuer LLC Series 2024-1A, Class C2 5.590%, 05/15/2054 (C)		255,000		256,505
Venture 42 CLO, Ltd. Series 2021-42A, Class A1A (3 month CME Term SOFR + 1.392%) 5.709%, 04/15/2034 (C)(E)		655,000		655,417
VFI ABS LLC Series 2025-1A, Class A 4.780%, 06/24/2030 (C)		96,211		96,607
VOLT CII LLC Series 2021-NP11, Class A1 5.868%, 08/25/2051 (C)		216,181		216,119
VOLT CIII LLC Series 2021-CF1, Class A1 5.992%, 08/25/2051 (C)		131,360		131,440
Wendy's Funding LLC
Series 2018-1A, Class A2II 3.884%, 03/15/2048 (C)		216,730		213,541
Series 2021-1A, Class A2II 2.775%, 06/15/2051 (C)		631,945		566,345
Wingstop Funding LLC
Series 2020-1A, Class A2 2.841%, 12/05/2050 (C)		197,000		190,184
Series 2024-1A, Class A2 5.858%, 12/05/2054 (C)		110,000		113,834
Zayo Issuer LLC Series 2025-1A, Class A2 5.648%, 03/20/2055 (C)		290,000		295,347
TOTAL ASSET-BACKED SECURITIES (Cost $14,839,940)			$	15,083,263
SHORT-TERM INVESTMENTS – 0.4%
Short-term funds – 0.0%
John Hancock Collateral Trust, 4.0668% (G)(H)		8,667		86,696

 

118

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)

		Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Repurchase agreement – 0.4%
Deutsche Bank Tri-Party Repurchase Agreement dated 9-30-25 at 4.210% to be repurchased at $800,094 on 10-1-25, collateralized by $815,937 Government National Mortgage Association, 5.000% due 2-20-55 (valued at $816,001)	$	800,000	$	800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $886,694)			$	886,696
Total Investments (Investment Quality Bond Trust) (Cost $258,837,741) – 116.6%			$	247,358,036
Other assets and liabilities, net – (16.6%)				(35,278,786)
TOTAL NET ASSETS – 100.0%			$	212,079,250

Currency Abbreviations
EUR	Euro

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offered Rate
GO	General Obligation
ICE	Intercontinental Exchange

Investment Quality Bond Trust (continued)

IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
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)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $55,326,973 or 26.1% of the fund's net assets as of 9-30-25.
(D)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $84,861.
(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)	The rate shown is the annualized seven-day yield as of 9-30-25.
(H)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Australian Treasury Bond Futures	73	Long	Dec 2025	$5,483,829	$5,475,349	$(8,480)
10-Year Canada Government Bond Futures	67	Long	Dec 2025	5,764,719	5,895,541	130,822
U.K. Long Gilt Bond Futures	18	Long	Dec 2025	2,196,008	2,199,072	3,064
Ultra U.S. Treasury Bond Futures	6	Long	Dec 2025	701,822	720,375	18,553
10-Year U.S. Treasury Note Futures	78	Short	Dec 2025	(8,761,842)	(8,775,000)	(13,158)
2-Year U.S. Treasury Note Futures	37	Short	Dec 2025	(7,718,648)	(7,710,742)	7,906
5-Year U.S. Treasury Note Futures	54	Short	Dec 2025	(5,900,895)	(5,896,547)	4,348
Euro SCHATZ Futures	49	Short	Dec 2025	(6,159,237)	(6,154,397)	4,840
Euro-BTP Italian Government Bond Futures	10	Short	Dec 2025	(1,392,260)	(1,406,982)	(14,722)
Euro-Buxl Futures	12	Short	Dec 2025	(1,578,535)	(1,612,864)	(34,329)
Euro-OAT Futures	19	Short	Dec 2025	(2,677,911)	(2,706,950)	(29,039)
German Euro BUND Futures	35	Short	Dec 2025	(5,288,929)	(5,283,169)	5,760
U.S. Treasury Long Bond Futures	9	Short	Dec 2025	(1,051,487)	(1,049,344)	2,143
Ultra 10-Year U.S. Treasury Note Futures	16	Short	Dec 2025	(1,821,227)	(1,841,250)	(20,023)
						$57,685

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

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
USD	2,762,119	EUR	2,345,000	DB	12/17/2025	—	$(3,102)
						—	$(3,102)

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	1,187,000	USD	Fixed 1.560%	USD Compounded SOFR	Annual	Annual	Dec 2041	$(5,385)	$369,620	$364,235

119

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	3,940,000	USD	Fixed 4.160%	USD Compounded SOFR	Annual	Annual	Mar 2045	$(7,668)	$(97,266)	$(104,934)
Centrally cleared	1,320,000	USD	Fixed 1.560%	USD Compounded SOFR	Annual	Annual	Dec 2051	(7,218)	556,339	549,121
Centrally cleared	380,000	USD	Fixed 2.880%	USD Compounded SOFR	Annual	Annual	Mar 2053	4,099	67,495	71,594
Centrally cleared	1,105,000	USD	Fixed 2.970%	USD Compounded SOFR	Annual	Annual	Mar 2053	615	190,287	190,902
Centrally cleared	370,000	USD	Fixed 3.250%	USD Compounded SOFR	Annual	Annual	Jun 2053	(3,750)	48,677	44,927
								$(19,307)	$1,135,152	$1,115,845

Derivatives Currency Abbreviations
EUR	Euro
USD	U.S. Dollar

Derivatives Abbreviations
DB	Deutsche Bank AG
OTC	Over-the-counter
SOFR	Secured Overnight Financing Rate

Lifestyle Balanced Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 50.7%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	24,543,092	$	510,005,445
Fixed income - 49.3%
Select Bond, Series NAV, JHVIT (MIM US) (B)	40,499,045		496,518,291
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $962,248,677)		$	1,006,523,736
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.0668% (C)(D)	2		22
TOTAL SHORT-TERM INVESTMENTS (Cost $22)		$	22
Total Investments (Lifestyle Balanced Portfolio) (Cost $962,248,699) - 100.0%		$	1,006,523,758
Other assets and liabilities, net - (0.0%)			(38,757)
TOTAL NET ASSETS - 100.0%		$	1,006,485,001

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

Lifestyle Conservative Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 100.0%
Equity - 20.1%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	1,452,746	$	30,188,068

Lifestyle Conservative Portfolio (continued)

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Fixed income - 79.9%
Select Bond, Series NAV, JHVIT (MIM US) (B)	9,797,479	$	120,117,088
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $154,849,248)		$	150,305,156
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.0668% (C)(D)	10		99
TOTAL SHORT-TERM INVESTMENTS (Cost $99)		$	99
Total Investments (Lifestyle Conservative Portfolio) (Cost $154,849,347) - 100.0%		$	150,305,255
Other assets and liabilities, net - (0.0%)			(41,262)
TOTAL NET ASSETS - 100.0%		$	150,263,993

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 - 71.5%
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	180,091,313	$	3,741,785,288
Fixed income - 28.5%
Select Bond, Series NAV, JHVIT (MIM US) (B)	121,902,430		1,494,523,794
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $4,803,110,001)		$	5,236,309,082

 

120

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Lifestyle Growth Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.0668% (C)(D)	8	$	76
TOTAL SHORT-TERM INVESTMENTS (Cost $76)		$	76
Total Investments (Lifestyle Growth Portfolio) (Cost $4,803,110,077) - 100.0%		$	5,236,309,158
Other assets and liabilities, net - (0.0%)			(30,265)
TOTAL NET ASSETS - 100.0%		$	5,236,278,893

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

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)	5,271,065	$	109,532,738
Fixed income - 59.8%
Select Bond, Series NAV, JHVIT (MIM US) (B)	13,308,442		163,161,500
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $269,252,538)		$	272,694,238
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.0668% (C)(D)	7		65
TOTAL SHORT-TERM INVESTMENTS (Cost $65)		$	65
Total Investments (Lifestyle Moderate Portfolio) (Cost $269,252,603) - 100.0%		$	272,694,303
Other assets and liabilities, net - (0.0%)			(40,503)
TOTAL NET ASSETS - 100.0%		$	272,653,800

Security Abbreviations and Legend
JHVIT	John Hancock Variable Insurance Trust
MIM US	Manulife Investment Management (US) LLC
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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) - 98.3%
Equity - 49.8%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	3,337,193	$	131,385,296

Managed Volatility Balanced Portfolio (continued)

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) (continued)
Equity (continued)
Disciplined Value, Class NAV, JHF III (Boston Partners)	7,180,150	$	185,463,280
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	9,702,771		108,865,085
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	3,533,858		274,156,698
Mid Cap Growth, Series NAV, JHVIT (Wellington) (C)	2,958,436		35,708,324
Mid Value, Series NAV, JHVIT (T. Rowe Price)	4,568,288		51,164,822
Multifactor Developed International ETF, JHETF (DFA)	2,202,551		88,057,989
Multifactor Emerging Markets ETF, JHETF (DFA)	1,588,191		50,274,186
Multifactor Mid Cap ETF, JHETF (DFA)	996,586		64,469,148
Multifactor Small Cap ETF, JHETF (DFA)	1,362,241		57,009,786
Small Cap Dynamic Growth, Class NAV, JHF II (Axiom)	3,216,514		56,835,804
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	41,723,892		867,022,474
			1,970,412,892
Fixed income - 48.5%
Bond, Class NAV, JHSB (MIM US) (B)	35,753,734		491,256,311
Core Bond, Series NAV, JHVIT (Allspring Investments)	14,642,285		170,875,465
Select Bond, Series NAV, JHVIT (MIM US) (B)	102,259,332		1,253,699,414
			1,915,831,190
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $3,652,277,985)		$	3,886,244,082
SHORT-TERM INVESTMENTS - 1.0%
Short-term funds - 1.0%
John Hancock Collateral Trust, 4.0668% (D)(E)	3,904,457		39,057,848
TOTAL SHORT-TERM INVESTMENTS (Cost $39,055,332)		$	39,057,848
Total Investments (Managed Volatility Balanced Portfolio) (Cost $3,691,333,317) - 99.3%		$	3,925,301,930
Other assets and liabilities, net - 0.7%			29,462,335
TOTAL NET ASSETS - 100.0%		$	3,954,764,265

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHF III	John Hancock Funds III
JHIT	John Hancock Investment Trust
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 9-30-25.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

121

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Managed Volatility Balanced Portfolio (continued)

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Euro Currency Futures	111	Long	Dec 2025	$16,247,242	$16,361,400	$114,158
Euro STOXX 50 Index Futures	258	Long	Dec 2025	16,468,464	16,783,970	315,506
FTSE 100 Index Futures	45	Long	Dec 2025	5,648,434	5,693,464	45,030
Japanese Yen Currency Futures	94	Long	Dec 2025	7,984,378	8,006,450	22,072
MSCI Emerging Markets Index Futures	309	Long	Dec 2025	20,761,946	21,007,365	245,419
Nikkei 225 Mini Index Futures	27	Long	Dec 2025	7,779,841	8,188,457	408,616
Pound Sterling Currency Futures	64	Long	Dec 2025	5,374,497	5,380,400	5,903
Russell 2000 E-Mini Index Futures	65	Long	Dec 2025	7,852,767	7,980,375	127,608
S&P 500 E-Mini Index Futures	357	Long	Dec 2025	118,625,170	120,286,610	1,661,440
S&P Mid 400 E-Mini Index Futures	53	Long	Dec 2025	17,535,766	17,416,860	(118,906)
						$2,826,846

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

Managed Volatility Conservative Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.9%
Equity - 20.0%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	193,017	$	7,599,069
Disciplined Value, Class NAV, JHF III (Boston Partners)	475,306		12,277,149
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	384,159		4,310,260
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	184,821		14,338,395
Multifactor Emerging Markets ETF, JHETF (DFA)	62,665		1,983,661
Multifactor Mid Cap ETF, JHETF (DFA)	103,839		6,717,345
Multifactor Small Cap ETF, JHETF (DFA)	63,295		2,648,896
Small Cap Dynamic Growth, Class NAV, JHF II (Axiom)	150,045		2,651,301
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	2,111,709		43,881,303
			96,407,379
Fixed income - 78.9%
Bond, Class NAV, JHSB (MIM US) (B)	7,106,293		97,640,461
Core Bond, Series NAV, JHVIT (Allspring Investments)	2,900,470		33,848,488
Select Bond, Series NAV, JHVIT (MIM US) (B)	20,288,437		248,736,239
			380,225,188
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $491,409,403)		$	476,632,567

Managed Volatility Conservative Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.7%
Short-term funds - 0.7%
John Hancock Collateral Trust, 4.0668% (C)(D)	340,249	$	3,403,650
TOTAL SHORT-TERM INVESTMENTS (Cost $3,403,408)		$	3,403,650
Total Investments (Managed Volatility Conservative Portfolio) (Cost $494,812,811) - 99.6%		$	480,036,217
Other assets and liabilities, net - 0.4%			1,710,465
TOTAL NET ASSETS - 100.0%		$	481,746,682

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHF III	John Hancock Funds III
JHIT	John Hancock Investment Trust
JHSB	John Hancock Sovereign Bond Fund
JHVIT	John Hancock Variable Insurance Trust
(A)	The underlying portfolios' subadvisor is shown parenthetically.
(B)	The subadvisor is an affiliate of the advisor.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(D)	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	4	Long	Dec 2025	$585,486	$589,600	$4,114
Euro STOXX 50 Index Futures	10	Long	Dec 2025	638,362	650,541	12,179
FTSE 100 Index Futures	1	Long	Dec 2025	125,520	126,521	1,001
Japanese Yen Currency Futures	3	Long	Dec 2025	254,821	255,525	704
MSCI Emerging Markets Index Futures	11	Long	Dec 2025	739,855	747,835	7,980
Pound Sterling Currency Futures	2	Long	Dec 2025	167,954	168,138	184
Russell 2000 E-Mini Index Futures	2	Long	Dec 2025	241,624	245,550	3,926

122

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Managed Volatility Conservative Portfolio (continued)
FUTURES (continued)

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 E-Mini Index Futures	18	Long	Dec 2025	5,988,188	6,064,873	$76,685
S&P Mid 400 E-Mini Index Futures	3	Long	Dec 2025	992,819	985,860	(6,959)
						$99,814

^ 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) - 97.3%
Equity - 69.3%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	5,406,443	$	212,851,674
Disciplined Value, Class NAV, JHF III (Boston Partners)	11,562,377		298,656,193
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	20,240,297		227,096,128
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	5,748,384		445,959,613
Mid Cap Growth, Series NAV, JHVIT (Wellington) (C)	7,059,632		85,209,758
Mid Value, Series NAV, JHVIT (T. Rowe Price)	9,874,290		110,592,051
Multifactor Developed International ETF, JHETF (DFA)	6,062,373		242,373,673
Multifactor Emerging Markets ETF, JHETF (DFA)	3,318,949		105,061,331
Multifactor Mid Cap ETF, JHETF (DFA)	1,828,510		118,286,312
Multifactor Small Cap ETF, JHETF (DFA)	2,604,776		109,009,876
Small Cap Dynamic Growth, Class NAV, JHF II (Axiom)	6,150,027		108,670,968
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	77,827,168		1,617,248,547
			3,681,016,124
Fixed income - 28.0%
Bond, Class NAV, JHSB (MIM US) (B)	27,617,811		379,468,716
Core Bond, Series NAV, JHVIT (Allspring Investments)	11,340,264		132,340,880
Select Bond, Series NAV, JHVIT (MIM US) (B)	79,425,804		973,760,362
			1,485,569,958
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $4,550,625,097)		$	5,166,586,082

Managed Volatility Growth Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 1.1%
Short-term funds - 1.1%
John Hancock Collateral Trust, 4.0668% (D)(E)	6,186,414	$	61,885,172
TOTAL SHORT-TERM INVESTMENTS (Cost $61,882,517)		$	61,885,172
Total Investments (Managed Volatility Growth Portfolio) (Cost $4,612,507,614) - 98.4%		$	5,228,471,254
Other assets and liabilities, net - 1.6%			82,461,331
TOTAL NET ASSETS - 100.0%		$	5,310,932,585

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHF III	John Hancock Funds III
JHIT	John Hancock Investment Trust
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 9-30-25.
(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	251	Long	Dec 2025	$36,739,258	$36,997,400	$258,142
Euro STOXX 50 Index Futures	581	Long	Dec 2025	37,085,959	37,796,460	710,501
FTSE 100 Index Futures	99	Long	Dec 2025	12,426,555	12,525,620	99,065
Japanese Yen Currency Futures	230	Long	Dec 2025	19,539,976	19,590,250	50,274
MSCI Emerging Markets Index Futures	714	Long	Dec 2025	47,974,205	48,541,290	567,085
Nikkei 225 Mini Index Futures	64	Long	Dec 2025	18,441,105	19,409,676	968,571
Pound Sterling Currency Futures	147	Long	Dec 2025	12,344,547	12,358,106	13,559
Russell 2000 E-Mini Index Futures	136	Long	Dec 2025	16,430,406	16,697,400	266,994
S&P 500 E-Mini Index Futures	695	Long	Dec 2025	230,936,954	234,171,508	3,234,554

123

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Managed Volatility Growth Portfolio (continued)
FUTURES (continued)

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P Mid 400 E-Mini Index Futures	109	Long	Dec 2025	$36,064,122	$35,819,580	$(244,542)
						$5,924,203

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

Managed Volatility Moderate Portfolio

	Shares or Principal Amount	Value
AFFILIATED INVESTMENT COMPANIES (A) - 98.7%
Equity - 40.0%
Blue Chip Growth, Series NAV, JHVIT (T. Rowe Price)	743,609	$	29,275,867
Disciplined Value, Class NAV, JHF III (Boston Partners)	1,679,924		43,392,426
Emerging Markets Equity, Class NAV, JHIT (MIM US) (B)	1,801,510		20,212,944
Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B)	797,466		61,867,398
Mid Cap Growth, Series NAV, JHVIT (Wellington) (C)	750,739		9,061,417
Mid Value, Series NAV, JHVIT (T. Rowe Price)	1,061,481		11,888,593
Multifactor Developed International ETF, JHETF (DFA)	239,139		9,560,777
Multifactor Emerging Markets ETF, JHETF (DFA)	294,780		9,331,261
Multifactor Mid Cap ETF, JHETF (DFA)	116,682		7,548,159
Multifactor Small Cap ETF, JHETF (DFA)	229,915		9,621,943
Small Cap Dynamic Growth, Class NAV, JHF II (Axiom)	542,869		9,592,499
Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B)	8,761,714		182,068,415
			403,421,699
Fixed income - 58.7%
Bond, Class NAV, JHSB (MIM US) (B)	11,029,978		151,551,899
Core Bond, Series NAV, JHVIT (Allspring Investments)	4,517,352		52,717,494
Select Bond, Series NAV, JHVIT (MIM US) (B)	31,564,582		386,981,781
			591,251,174
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $972,177,992)		$	994,672,873

Managed Volatility Moderate Portfolio (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.8%
Short-term funds - 0.8%
John Hancock Collateral Trust, 4.0668% (D)(E)	756,395	$	7,566,519
TOTAL SHORT-TERM INVESTMENTS (Cost $7,566,031)		$	7,566,519
Total Investments (Managed Volatility Moderate Portfolio) (Cost $979,744,023) - 99.5%		$	1,002,239,392
Other assets and liabilities, net - 0.5%			5,402,831
TOTAL NET ASSETS - 100.0%		$	1,007,642,223

Security Abbreviations and Legend
JHETF	John Hancock Exchange-Traded Fund Trust
JHF II	John Hancock Funds II
JHF III	John Hancock Funds III
JHIT	John Hancock Investment Trust
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 9-30-25.
(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	20	Long	Dec 2025	$2,927,431	$2,948,000	$20,569
Euro STOXX 50 Index Futures	46	Long	Dec 2025	2,936,238	2,992,491	56,253
FTSE 100 Index Futures	8	Long	Dec 2025	1,004,166	1,012,171	8,005
Japanese Yen Currency Futures	16	Long	Dec 2025	1,359,043	1,362,800	3,757
MSCI Emerging Markets Index Futures	54	Long	Dec 2025	3,628,301	3,671,190	42,889
Nikkei 225 Mini Index Futures	4	Long	Dec 2025	1,152,569	1,213,105	60,536
Pound Sterling Currency Futures	11	Long	Dec 2025	923,741	924,756	1,015
Russell 2000 E-Mini Index Futures	12	Long	Dec 2025	1,449,742	1,473,300	23,558
S&P 500 E-Mini Index Futures	74	Long	Dec 2025	24,588,971	24,933,370	344,399
S&P Mid 400 E-Mini Index Futures	9	Long	Dec 2025	2,977,772	2,957,580	(20,192)
						$540,789

124

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Managed Volatility Moderate Portfolio (continued)
FUTURES (continued)

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

Mid Cap Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 97.5%
Communication services – 10.7%
Entertainment – 8.9%
Liberty Media Corp.-Liberty Formula One, Series C (A)	192,250	$	20,080,513
Live Nation Entertainment, Inc. (A)	96,642		15,791,303
ROBLOX Corp., Class A (A)	152,027		21,058,784
			56,930,600
Interactive media and services – 1.8%
Reddit, Inc., Class A (A)	51,697		11,889,793
			68,820,393
Consumer discretionary – 20.2%
Broadline retail – 1.2%
Ollie's Bargain Outlet Holdings, Inc. (A)	58,972		7,572,005
Hotels, restaurants and leisure – 12.3%
Carnival Corp. (A)	346,592		10,019,975
Cava Group, Inc. (A)	42,459		2,564,948
DraftKings, Inc., Class A (A)	416,426		15,574,332
Flutter Entertainment PLC (A)	31,134		7,908,036
Hilton Worldwide Holdings, Inc.	12,271		3,183,588
Life Time Group Holdings, Inc. (A)	315,904		8,718,950
Marriott International, Inc., Class A	53,128		13,836,656
Royal Caribbean Cruises, Ltd.	53,681		17,370,098
			79,176,583
Specialty retail – 4.1%
Chewy, Inc., Class A (A)	310,761		12,570,282
Dick's Sporting Goods, Inc.	29,418		6,537,268
Five Below, Inc. (A)	44,793		6,929,477
			26,037,027
Textiles, apparel and luxury goods – 2.6%
On Holding AG, Class A (A)	304,381		12,890,535
Tapestry, Inc.	36,449		4,126,756
			17,017,291
			129,802,906
Consumer staples – 1.0%
Consumer staples distribution and retail – 1.0%
U.S. Foods Holding Corp. (A)	82,523		6,322,912
Energy – 3.3%
Oil, gas and consumable fuels – 3.3%
Cameco Corp.	27,497		2,305,898
Coterra Energy, Inc.	121,697		2,878,134
Diamondback Energy, Inc.	22,690		3,246,939
Targa Resources Corp.	77,610		13,002,779
			21,433,750
Financials – 7.4%
Capital markets – 7.4%
Evercore, Inc., Class A	32,457		10,948,395
Interactive Brokers Group, Inc., Class A	210,230		14,465,926
KKR & Company, Inc.	68,913		8,955,244
Tradeweb Markets, Inc., Class A	117,946		13,089,647
			47,459,212
Financial services – 0.0%
Klarna Group PLC (A)(B)	6,700		245,555
			47,704,767
Health care – 11.5%
Biotechnology – 6.7%
Argenx SE, ADR (A)	9,089		6,703,683

Mid Cap Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Exact Sciences Corp. (A)	208,437	$	11,403,588
Ionis Pharmaceuticals, Inc. (A)	50,690		3,316,140
Natera, Inc. (A)	106,507		17,144,432
United Therapeutics Corp. (A)	11,064		4,638,139
			43,205,982
Health care equipment and supplies – 0.8%
Glaukos Corp. (A)	64,850		5,288,518
Health care providers and services – 1.6%
The Ensign Group, Inc.	57,770		9,980,923
Health care technology – 2.3%
Veeva Systems, Inc., Class A (A)	48,487		14,444,762
Pharmaceuticals – 0.1%
Structure Therapeutics, Inc., ADR (A)	30,756		861,168
			73,781,353
Industrials – 16.2%
Aerospace and defense – 5.7%
Axon Enterprise, Inc. (A)	16,046		11,515,251
Howmet Aerospace, Inc.	101,004		19,820,015
Kratos Defense & Security Solutions, Inc. (A)	58,539		5,348,708
			36,683,974
Air freight and logistics – 1.4%
CH Robinson Worldwide, Inc.	67,423		8,926,805
Commercial services and supplies – 1.4%
Clean Harbors, Inc. (A)	39,587		9,192,893
Construction and engineering – 2.1%
Quanta Services, Inc.	32,120		13,311,170
Electrical equipment – 3.0%
Vertiv Holdings Company, Class A	128,194		19,339,347
Professional services – 1.0%
Paycom Software, Inc.	32,482		6,760,803
Trading companies and distributors – 1.6%
FTAI Aviation, Ltd.	59,899		9,994,747
			104,209,739
Information technology – 22.6%
Electronic equipment, instruments and components – 8.9%
Celestica, Inc. (A)	79,232		19,521,180
Cognex Corp.	182,688		8,275,766
Corning, Inc.	82,198		6,742,702
Flex, Ltd. (A)	230,604		13,368,114
Trimble, Inc. (A)	114,583		9,355,702
			57,263,464
IT services – 4.4%
Cloudflare, Inc., Class A (A)	94,541		20,287,553
Snowflake, Inc. (A)	36,504		8,233,477
			28,521,030
Software – 9.3%
AppLovin Corp., Class A (A)	13,504		9,703,164
Clearwater Analytics Holdings, Inc., Class A (A)	48,570		875,231
DocuSign, Inc. (A)	180,068		12,981,102
Figma, Inc., Class A (A)(B)	91,306		4,736,042
Guidewire Software, Inc. (A)	35,200		8,091,072
HubSpot, Inc. (A)	17,067		7,983,943
Samsara, Inc., Class A (A)	237,628		8,851,643
ServiceTitan, Inc., Class A (A)	58,808		5,929,611

 

125

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Growth Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Via Transportation, Inc., Class A (A)(B)		12,200	$	586,576
				59,738,384
				145,522,878
Real estate – 1.4%
Real estate management and development – 1.4%
Zillow Group, Inc., Class C (A)		112,679		8,681,917
Utilities – 3.2%
Electric utilities – 2.4%
NRG Energy, Inc.		93,005		15,062,160
Gas utilities – 0.8%
Atmos Energy Corp.		30,938		5,282,664
				20,344,824
TOTAL COMMON STOCKS (Cost $521,978,685)			$	626,625,439
PREFERRED SECURITIES – 0.4%
Information technology – 0.4%
Software – 0.4%
Essence Group Holdings Corp. (A)(C)(D)		1,663,188		1,380,446
Lookout, Inc., Series F (A)(C)(D)		211,003		1,162,627
				2,543,073
TOTAL PREFERRED SECURITIES (Cost $5,070,285)			$	2,543,073
SHORT-TERM INVESTMENTS – 1.7%
Short-term funds – 0.9%
John Hancock Collateral Trust, 4.0668% (E)(F)		574,066		5,742,617
Repurchase agreement – 0.8%
Deutsche Bank Tri-Party Repurchase Agreement dated 9-30-25 at 4.210% to be repurchased at $5,400,632 on 10-1-25, collateralized by $5,512,400 U.S. Treasury Bills, 0.000% due 10-7-25 (valued at $5,508,089)	$	5,400,000		5,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $11,142,811)			$	11,142,617
Total Investments (Mid Cap Growth Trust) (Cost $538,191,781) – 99.6%			$	640,311,129
Other assets and liabilities, net – 0.4%				2,249,407
TOTAL NET ASSETS – 100.0%			$	642,560,536

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $5,625,189.
(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 9-30-25.
(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 – 96.7%
Communication services – 1.4%
Diversified telecommunication services – 0.3%
Frontier Communications Parent, Inc. (A)	92,758	$	3,464,511
Iridium Communications, Inc.	39,322		686,562
			4,151,073
Entertainment – 0.2%
Warner Music Group Corp., Class A	54,061		1,841,318
Interactive media and services – 0.1%
ZoomInfo Technologies, Inc. (A)	103,905		1,133,604
Media – 0.8%
EchoStar Corp., Class A (A)	49,833		3,805,248
Nexstar Media Group, Inc.	10,560		2,088,134
The New York Times Company, Class A	60,046		3,446,640
			9,340,022
			16,466,017
Consumer discretionary – 11.9%
Automobile components – 0.8%
Autoliv, Inc.	26,185		3,233,848
Gentex Corp.	81,336		2,301,809
Lear Corp.	19,717		1,983,727
The Goodyear Tire & Rubber Company (A)	106,000		792,880
Visteon Corp.	10,108		1,211,545
			9,523,809
Automobiles – 0.3%
Harley-Davidson, Inc.	45,044		1,256,728
Thor Industries, Inc.	19,716		2,044,352
			3,301,080
Broadline retail – 0.4%
Macy's, Inc.	100,624		1,804,188
Ollie's Bargain Outlet Holdings, Inc. (A)	22,731		2,918,660
			4,722,848
Diversified consumer services – 1.3%
Duolingo, Inc. (A)	14,710		4,734,266
Graham Holdings Company, Class B	1,258		1,481,056
Grand Canyon Education, Inc. (A)	10,280		2,256,666
H&R Block, Inc.	49,612		2,508,879
Service Corp. International	51,969		4,324,860
			15,305,727
Hotels, restaurants and leisure – 2.8%
Aramark	97,405		3,740,352
Boyd Gaming Corp.	21,988		1,900,863
Cava Group, Inc. (A)	36,953		2,232,331
Choice Hotels International, Inc. (B)	7,659		818,824
Churchill Downs, Inc.	24,686		2,394,789
Hilton Grand Vacations, Inc. (A)	22,857		955,651
Hyatt Hotels Corp., Class A	15,689		2,226,740
Light & Wonder, Inc. (A)	31,108		2,611,206
Marriott Vacations Worldwide Corp.	10,258		682,772
Planet Fitness, Inc., Class A (A)	31,097		3,227,869
Texas Roadhouse, Inc.	24,625		4,091,444
Travel + Leisure Company	24,057		1,431,151
Vail Resorts, Inc.	13,767		2,059,130
Wingstop, Inc.	10,348		2,604,385
Wyndham Hotels & Resorts, Inc.	28,295		2,260,771
			33,238,278
Household durables – 1.8%
KB Home	25,218		1,604,874
Somnigroup International, Inc.	77,778		6,559,019
Taylor Morrison Home Corp. (A)	36,629		2,417,880
Toll Brothers, Inc.	36,383		5,025,948
TopBuild Corp. (A)	10,368		4,052,436

 

126

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Whirlpool Corp. (B)	20,713	$	1,628,042
			21,288,199
Leisure products – 0.5%
Brunswick Corp.	24,210		1,531,040
Mattel, Inc. (A)	119,397		2,009,452
Polaris, Inc.	19,794		1,150,625
YETI Holdings, Inc. (A)	30,099		998,685
			5,689,802
Specialty retail – 3.5%
Abercrombie & Fitch Company, Class A (A)	17,655		1,510,385
AutoNation, Inc. (A)	10,480		2,292,710
Bath & Body Works, Inc.	78,417		2,020,022
Burlington Stores, Inc. (A)	23,090		5,876,405
Chewy, Inc., Class A (A)	82,600		3,341,170
Dick's Sporting Goods, Inc.	24,775		5,505,501
Five Below, Inc. (A)	20,403		3,156,344
Floor & Decor Holdings, Inc., Class A (A)	39,907		2,941,146
GameStop Corp., Class A (A)	152,507		4,160,391
Lithia Motors, Inc.	9,500		3,002,000
Murphy USA, Inc.	6,506		2,526,020
Penske Automotive Group, Inc.	6,853		1,191,805
RH (A)	5,692		1,156,387
The Gap, Inc.	84,331		1,803,840
Valvoline, Inc. (A)	47,105		1,691,541
			42,175,667
Textiles, apparel and luxury goods – 0.5%
Capri Holdings, Ltd. (A)	44,115		878,771
Columbia Sportswear Company	9,539		498,890
Crocs, Inc. (A)	20,239		1,690,968
PVH Corp.	17,814		1,492,279
Under Armour, Inc., Class A (A)(B)	69,976		349,180
Under Armour, Inc., Class C (A)	44,937		217,046
VF Corp.	121,590		1,754,544
			6,881,678
			142,127,088
Consumer staples – 4.6%
Beverages – 0.6%
Celsius Holdings, Inc. (A)	59,264		3,407,087
Coca-Cola Consolidated, Inc.	22,210		2,602,124
The Boston Beer Company, Inc., Class A (A)	2,931		619,672
			6,628,883
Consumer staples distribution and retail – 2.8%
Albertsons Companies, Inc., Class A	149,372		2,615,504
BJ's Wholesale Club Holdings, Inc. (A)	48,934		4,563,096
Casey's General Stores, Inc.	13,778		7,788,979
Maplebear, Inc. (A)	68,335		2,511,995
Performance Food Group Company (A)	58,001		6,034,424
Sprouts Farmers Market, Inc. (A)	36,214		3,940,083
U.S. Foods Holding Corp. (A)	83,442		6,393,326
			33,847,407
Food products – 0.8%
Darling Ingredients, Inc. (A)	58,619		1,809,569
Flowers Foods, Inc.	78,240		1,021,032
Ingredion, Inc.	23,784		2,904,264
Pilgrim's Pride Corp.	15,845		645,208
Post Holdings, Inc. (A)	17,714		1,903,901

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
The Marzetti Company	7,560	$	1,306,292
			9,590,266
Personal care products – 0.4%
BellRing Brands, Inc. (A)	46,684		1,696,963
Coty, Inc., Class A (A)	135,766		548,495
e.l.f. Beauty, Inc. (A)	21,981		2,912,043
			5,157,501
			55,224,057
Energy – 3.8%
Energy equipment and services – 0.9%
NOV, Inc.	137,616		1,823,412
TechnipFMC PLC	152,309		6,008,590
Valaris, Ltd. (A)	24,542		1,196,913
Weatherford International PLC	26,620		1,821,607
			10,850,522
Oil, gas and consumable fuels – 2.9%
Antero Midstream Corp.	124,122		2,412,932
Antero Resources Corp. (A)	108,756		3,649,851
Chord Energy Corp.	21,218		2,108,433
Civitas Resources, Inc.	30,903		1,004,348
CNX Resources Corp. (A)	52,405		1,683,249
DT Midstream, Inc.	37,647		4,256,370
HF Sinclair Corp.	58,927		3,084,239
Matador Resources Company	43,365		1,948,389
Murphy Oil Corp.	49,719		1,412,517
Ovintiv, Inc.	95,250		3,846,195
PBF Energy, Inc., Class A	30,441		918,405
Permian Resources Corp.	243,054		3,111,091
Range Resources Corp.	88,266		3,322,332
Viper Energy, Inc., Class A	62,522		2,389,591
			35,147,942
			45,998,464
Financials – 16.4%
Banks – 6.4%
Associated Banc-Corp.	60,543		1,556,561
Bank OZK	39,229		1,999,894
Cadence Bank	69,040		2,591,762
Columbia Banking System, Inc.	110,815		2,852,378
Comerica, Inc.	47,627		3,263,402
Commerce Bancshares, Inc.	45,987		2,748,183
Cullen/Frost Bankers, Inc.	23,837		3,021,816
East West Bancorp, Inc.	51,073		5,436,721
First Financial Bankshares, Inc.	48,257		1,623,848
First Horizon Corp.	188,154		4,254,162
Flagstar Financial, Inc.	110,878		1,280,641
FNB Corp.	133,091		2,144,096
Glacier Bancorp, Inc.	43,931		2,138,122
Hancock Whitney Corp.	31,409		1,966,517
Home BancShares, Inc.	67,918		1,922,079
International Bancshares Corp.	20,039		1,377,681
Old National Bancorp	129,236		2,836,730
Pinnacle Financial Partners, Inc.	28,496		2,672,640
Prosperity Bancshares, Inc.	35,204		2,335,785
SouthState Bank Corp.	37,505		3,708,119
Synovus Financial Corp.	51,436		2,524,479
Texas Capital Bancshares, Inc. (A)	16,955		1,433,206
UMB Financial Corp.	26,448		3,130,121
United Bankshares, Inc.	52,368		1,948,613
Valley National Bancorp	178,375		1,890,775
Webster Financial Corp.	61,584		3,660,553
Western Alliance Bancorp	38,361		3,326,666
Wintrust Financial Corp.	24,810		3,285,836

 

127

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Zions Bancorp NA	54,704	$	3,095,152
			76,026,538
Capital markets – 3.0%
Affiliated Managers Group, Inc.	10,529		2,510,429
Evercore, Inc., Class A	14,303		4,824,688
Federated Hermes, Inc.	27,390		1,422,363
Hamilton Lane, Inc., Class A	14,991		2,020,637
Houlihan Lokey, Inc.	20,147		4,136,582
Janus Henderson Group PLC	46,241		2,058,187
Jefferies Financial Group, Inc.	61,153		4,000,629
Morningstar, Inc.	9,065		2,103,171
SEI Investments Company	34,817		2,954,222
Stifel Financial Corp.	37,862		4,296,201
The Carlyle Group, Inc.	96,506		6,050,926
			36,378,035
Consumer finance – 0.7%
Ally Financial, Inc.	103,798		4,068,882
FirstCash Holdings, Inc.	14,467		2,291,862
SLM Corp.	77,257		2,138,474
			8,499,218
Financial services – 1.6%
Equitable Holdings, Inc.	110,999		5,636,529
Essent Group, Ltd.	36,514		2,320,830
Euronet Worldwide, Inc. (A)	14,280		1,253,927
MGIC Investment Corp.	85,427		2,423,564
Shift4 Payments, Inc., Class A (A)(B)	24,936		1,930,046
The Western Union Company	119,680		956,243
Voya Financial, Inc.	35,730		2,672,604
WEX, Inc. (A)	12,697		2,000,158
			19,193,901
Insurance – 4.1%
American Financial Group, Inc.	25,650		3,737,718
Brighthouse Financial, Inc. (A)	21,179		1,124,181
CNO Financial Group, Inc.	35,920		1,420,636
Fidelity National Financial, Inc.	94,650		5,725,379
First American Financial Corp.	37,724		2,423,390
Kemper Corp.	23,251		1,198,589
Kinsale Capital Group, Inc.	8,203		3,488,408
Old Republic International Corp.	84,709		3,597,591
Primerica, Inc.	12,003		3,331,913
Reinsurance Group of America, Inc.	24,493		4,705,840
RenaissanceRe Holdings, Ltd.	17,441		4,428,793
RLI Corp.	34,029		2,219,371
Ryan Specialty Holdings, Inc.	41,754		2,353,255
Selective Insurance Group, Inc.	22,549		1,828,047
The Hanover Insurance Group, Inc.	13,256		2,407,687
Unum Group	58,064		4,516,218
			48,507,016
Mortgage real estate investment trusts – 0.6%
Annaly Capital Management, Inc.	237,931		4,808,586
Starwood Property Trust, Inc.	127,887		2,477,171
			7,285,757
			195,890,465
Health care – 8.4%
Biotechnology – 2.4%
BioMarin Pharmaceutical, Inc. (A)	71,155		3,853,755
Cytokinetics, Inc. (A)	44,341		2,436,981
Exelixis, Inc. (A)	99,758		4,120,005
Halozyme Therapeutics, Inc. (A)	43,344		3,178,849
Neurocrine Biosciences, Inc. (A)	36,754		5,159,527
Roivant Sciences, Ltd. (A)	159,426		2,412,115

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
United Therapeutics Corp. (A)	16,759	$	7,025,540
			28,186,772
Health care equipment and supplies – 1.2%
Dentsply Sirona, Inc.	73,923		938,083
Envista Holdings Corp. (A)	61,582		1,254,425
Globus Medical, Inc., Class A (A)	41,736		2,390,221
Haemonetics Corp. (A)	17,853		870,155
Lantheus Holdings, Inc. (A)	25,197		1,292,354
LivaNova PLC (A)	20,233		1,059,805
Masimo Corp. (A)	17,111		2,524,728
Penumbra, Inc. (A)	14,452		3,660,981
			13,990,752
Health care providers and services – 2.2%
Chemed Corp.	5,400		2,417,796
Encompass Health Corp.	37,325		4,741,022
HealthEquity, Inc. (A)	32,045		3,036,905
Hims & Hers Health, Inc. (A)(B)	76,619		4,345,830
Option Care Health, Inc. (A)	60,142		1,669,542
Tenet Healthcare Corp. (A)	32,740		6,647,530
The Ensign Group, Inc.	21,230		3,667,907
			26,526,532
Health care technology – 0.3%
Doximity, Inc., Class A (A)	50,546		3,697,440
Life sciences tools and services – 1.6%
Avantor, Inc. (A)	252,630		3,152,822
Bio-Rad Laboratories, Inc., Class A (A)	6,764		1,896,558
Bruker Corp.	41,042		1,333,455
Illumina, Inc. (A)	56,956		5,409,111
Medpace Holdings, Inc. (A)	8,224		4,228,452
Repligen Corp. (A)	19,597		2,619,531
Sotera Health Company (A)	65,260		1,026,540
			19,666,469
Pharmaceuticals – 0.7%
Elanco Animal Health, Inc. (A)	184,104		3,707,855
Jazz Pharmaceuticals PLC (A)	22,478		2,962,600
Perrigo Company PLC	50,984		1,135,414
			7,805,869
			99,873,834
Industrials – 22.3%
Aerospace and defense – 2.9%
AeroVironment, Inc. (A)	11,790		3,712,553
ATI, Inc. (A)	51,076		4,154,522
BWX Technologies, Inc.	33,870		6,244,612
Curtiss-Wright Corp.	13,962		7,580,528
Hexcel Corp.	29,483		1,848,584
Kratos Defense & Security Solutions, Inc. (A)	62,550		5,715,194
Woodward, Inc.	22,221		5,615,469
			34,871,462
Air freight and logistics – 0.2%
GXO Logistics, Inc. (A)	42,420		2,243,594
Building products – 2.1%
AAON, Inc.	25,077		2,343,195
Advanced Drainage Systems, Inc.	26,508		3,676,660
Carlisle Companies, Inc.	15,805		5,199,213
Fortune Brands Innovations, Inc.	44,483		2,374,947
Owens Corning	30,990		4,383,845
Simpson Manufacturing Company, Inc.	15,422		2,582,568
Trex Company, Inc. (A)	39,737		2,053,211

 

128

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
UFP Industries, Inc.	21,703	$	2,029,013
			24,642,652
Commercial services and supplies – 1.6%
Clean Harbors, Inc. (A)	18,682		4,338,334
MSA Safety, Inc.	13,635		2,346,174
RB Global, Inc.	68,777		7,452,676
Tetra Tech, Inc.	97,375		3,250,378
The Brink's Company	15,439		1,804,202
			19,191,764
Construction and engineering – 2.7%
AECOM	49,080		6,403,468
API Group Corp. (A)	137,162		4,714,258
Comfort Systems USA, Inc.	13,045		10,764,462
Fluor Corp. (A)	59,908		2,520,330
MasTec, Inc. (A)	22,718		4,834,618
Valmont Industries, Inc.	7,314		2,835,857
			32,072,993
Electrical equipment – 1.7%
Acuity, Inc.	11,245		3,872,666
EnerSys	13,884		1,568,337
NEXTracker, Inc., Class A (A)	54,831		4,056,946
nVent Electric PLC	59,642		5,883,087
Regal Rexnord Corp.	24,596		3,528,050
Sensata Technologies Holding PLC	53,969		1,648,753
			20,557,839
Ground transportation – 1.4%
Avis Budget Group, Inc. (A)(B)	6,260		1,005,200
Knight-Swift Transportation Holdings, Inc.	60,144		2,376,289
Landstar System, Inc.	12,842		1,573,916
Ryder System, Inc.	15,116		2,851,482
Saia, Inc. (A)	9,870		2,954,683
XPO, Inc. (A)	43,639		5,641,214
			16,402,784
Machinery – 4.9%
AGCO Corp.	22,951		2,457,364
Chart Industries, Inc. (A)	16,374		3,277,256
CNH Industrial NV	329,095		3,570,681
Crane Company	18,126		3,337,722
Donaldson Company, Inc.	43,179		3,534,201
Esab Corp.	21,144		2,362,631
Flowserve Corp.	48,464		2,575,377
Graco, Inc.	61,401		5,216,629
ITT, Inc.	28,904		5,166,879
Lincoln Electric Holdings, Inc.	20,450		4,822,724
Mueller Industries, Inc.	41,022		4,147,734
Oshkosh Corp.	23,716		3,075,965
RBC Bearings, Inc. (A)	11,647		4,545,708
Terex Corp.	24,309		1,247,052
The Middleby Corp. (A)	17,279		2,296,897
The Timken Company	23,485		1,765,602
The Toro Company	36,569		2,786,558
Watts Water Technologies, Inc., Class A	10,159		2,837,206
			59,024,186
Marine transportation – 0.2%
Kirby Corp. (A)	20,678		1,725,579
Passenger airlines – 0.4%
Alaska Air Group, Inc. (A)	42,730		2,127,099
American Airlines Group, Inc. (A)	244,511		2,748,304
			4,875,403
Professional services – 2.5%
CACI International, Inc., Class A (A)	8,150		4,065,057

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Concentrix Corp.	16,582	$	765,259
ExlService Holdings, Inc. (A)	59,852		2,635,284
Exponent, Inc.	18,714		1,300,249
FTI Consulting, Inc. (A)	11,765		1,901,812
Genpact, Ltd.	60,058		2,515,830
Insperity, Inc.	13,263		652,540
KBR, Inc.	47,745		2,257,861
Maximus, Inc.	20,881		1,907,897
Parsons Corp. (A)	19,787		1,640,738
Paylocity Holding Corp. (A)	16,557		2,637,033
Science Applications International Corp.	17,370		1,726,057
TransUnion	72,186		6,047,743
			30,053,360
Trading companies and distributors – 1.7%
Applied Industrial Technologies, Inc.	14,113		3,684,199
Core & Main, Inc., Class A (A)	70,280		3,783,172
GATX Corp.	13,192		2,305,962
MSC Industrial Direct Company, Inc., Class A	16,918		1,558,825
Watsco, Inc.	12,934		5,229,216
WESCO International, Inc.	18,033		3,813,980
			20,375,354
			266,036,970
Information technology – 12.9%
Communications equipment – 1.0%
Ciena Corp. (A)	52,386		7,631,069
Lumentum Holdings, Inc. (A)	25,866		4,208,657
			11,839,726
Electronic equipment, instruments and components – 3.4%
Arrow Electronics, Inc. (A)	19,085		2,309,285
Avnet, Inc.	31,075		1,624,601
Belden, Inc.	14,682		1,765,804
Cognex Corp.	62,218		2,818,475
Coherent Corp. (A)	57,602		6,204,887
Crane NXT Company	18,299		1,227,314
Fabrinet (A)	13,278		4,841,424
Flex, Ltd. (A)	139,084		8,062,699
IPG Photonics Corp. (A)	9,387		743,357
Littelfuse, Inc.	9,183		2,378,489
Novanta, Inc. (A)	13,331		1,335,100
TD SYNNEX Corp.	28,421		4,653,939
Vontier Corp.	54,362		2,281,573
			40,246,947
IT services – 1.2%
ASGN, Inc. (A)	16,231		768,538
Kyndryl Holdings, Inc. (A)	85,655		2,572,220
Okta, Inc. (A)	61,945		5,680,357
Twilio, Inc., Class A (A)	56,858		5,690,917
			14,712,032
Semiconductors and semiconductor equipment – 2.7%
Allegro MicroSystems, Inc. (A)	45,942		1,341,506
Amkor Technology, Inc.	42,129		1,196,464
Cirrus Logic, Inc. (A)	19,022		2,383,266
Entegris, Inc.	56,178		5,194,218
Lattice Semiconductor Corp. (A)	50,729		3,719,450
MACOM Technology Solutions Holdings, Inc. (A)	23,733		2,954,521
MKS, Inc.	24,887		3,080,264
Onto Innovation, Inc. (A)	18,159		2,346,506
Power Integrations, Inc.	20,787		835,845
Rambus, Inc. (A)	39,871		4,154,558
Silicon Laboratories, Inc. (A)	12,160		1,594,541
Synaptics, Inc. (A)	14,284		976,169

 

129

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Universal Display Corp.	16,382	$	2,352,947
			32,130,255
Software – 3.8%
Appfolio, Inc., Class A (A)	8,476		2,336,494
BILL Holdings, Inc. (A)	33,979		1,799,868
Blackbaud, Inc. (A)	13,786		886,578
CommVault Systems, Inc. (A)	16,476		3,110,339
DocuSign, Inc. (A)	74,878		5,397,955
Dolby Laboratories, Inc., Class A	22,673		1,640,845
Dropbox, Inc., Class A (A)	68,584		2,071,923
Dynatrace, Inc. (A)	111,728		5,413,222
Guidewire Software, Inc. (A)	31,200		7,171,632
Manhattan Associates, Inc. (A)	22,408		4,593,192
Nutanix, Inc., Class A (A)	99,341		7,389,977
Pegasystems, Inc.	34,234		1,968,455
Qualys, Inc. (A)	13,376		1,770,046
			45,550,526
Technology hardware, storage and peripherals – 0.8%
Pure Storage, Inc., Class A (A)	115,058		9,643,011
			154,122,497
Materials – 5.2%
Chemicals – 1.4%
Ashland, Inc.	16,937		811,452
Avient Corp.	33,922		1,117,730
Axalta Coating Systems, Ltd. (A)	80,255		2,296,898
Cabot Corp.	19,716		1,499,402
NewMarket Corp.	2,890		2,393,527
Olin Corp.	42,483		1,061,650
RPM International, Inc.	47,572		5,607,787
The Scotts Miracle-Gro Company	16,475		938,251
Westlake Corp.	12,356		952,153
			16,678,850
Construction materials – 0.3%
Eagle Materials, Inc.	12,025		2,802,306
Knife River Corp. (A)	20,998		1,614,116
			4,416,422
Containers and packaging – 1.1%
AptarGroup, Inc.	24,413		3,263,042
Crown Holdings, Inc.	42,632		4,117,825
Graphic Packaging Holding Company	109,780		2,148,395
Greif, Inc., Class A	9,683		578,656
Silgan Holdings, Inc.	32,908		1,415,373
Sonoco Products Company	36,549		1,574,896
			13,098,187
Metals and mining – 2.2%
Alcoa Corp.	95,946		3,155,664
Carpenter Technology Corp.	18,473		4,535,860
Cleveland-Cliffs, Inc. (A)	183,319		2,236,492
Commercial Metals Company	41,478		2,375,860
MP Materials Corp. (A)	49,876		3,345,183
Reliance, Inc.	19,490		5,473,377
Royal Gold, Inc.	24,395		4,893,149
			26,015,585
Paper and forest products – 0.2%
Louisiana-Pacific Corp.	23,484		2,086,319
			62,295,363
Real estate – 6.4%
Diversified REITs – 0.5%
WP Carey, Inc.	81,151		5,483,373
Health care REITs – 0.7%
Healthcare Realty Trust, Inc.	130,294		2,349,201

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care REITs (continued)
Omega Healthcare Investors, Inc.	109,318	$	4,615,406
Sabra Health Care REIT, Inc.	88,860		1,656,350
			8,620,957
Hotel and resort REITs – 0.1%
Park Hotels & Resorts, Inc.	74,084		820,851
Industrial REITs – 1.0%
EastGroup Properties, Inc.	19,736		3,340,515
First Industrial Realty Trust, Inc.	49,065		2,525,376
Rexford Industrial Realty, Inc.	87,501		3,597,166
STAG Industrial, Inc.	69,183		2,441,468
			11,904,525
Office REITs – 0.6%
COPT Defense Properties	41,758		1,213,487
Cousins Properties, Inc.	62,244		1,801,341
Kilroy Realty Corp.	40,329		1,703,900
Vornado Realty Trust	59,778		2,422,802
			7,141,530
Real estate management and development – 0.4%
Jones Lang LaSalle, Inc. (A)	17,558		5,237,200
Residential REITs – 0.8%
American Homes 4 Rent, Class A	120,747		4,014,838
Equity LifeStyle Properties, Inc.	71,812		4,358,988
Independence Realty Trust, Inc.	86,500		1,417,735
			9,791,561
Retail REITs – 0.9%
Agree Realty Corp.	40,937		2,908,164
Brixmor Property Group, Inc.	113,432		3,139,798
Kite Realty Group Trust	81,472		1,816,826
NNN REIT, Inc.	69,957		2,978,069
			10,842,857
Specialized REITs – 1.4%
CubeSmart	84,503		3,435,892
EPR Properties	28,206		1,636,230
Gaming and Leisure Properties, Inc.	104,874		4,888,177
Lamar Advertising Company, Class A	32,165		3,937,639
National Storage Affiliates Trust	26,162		790,616
PotlatchDeltic Corp.	26,349		1,073,722
Rayonier, Inc.	52,558		1,394,889
			17,157,165
			77,000,019
Utilities – 3.4%
Electric utilities – 0.9%
ALLETE, Inc.	21,457		1,424,745
IDACORP, Inc.	20,023		2,646,039
OGE Energy Corp.	74,632		3,453,223
Portland General Electric Company	40,599		1,786,356
TXNM Energy, Inc.	35,145		1,987,450
			11,297,813
Gas utilities – 1.1%
National Fuel Gas Company	33,486		3,093,102
New Jersey Resources Corp.	37,225		1,792,384
ONE Gas, Inc.	22,233		1,799,539
Southwest Gas Holdings, Inc.	23,739		1,859,713
Spire, Inc.	21,873		1,783,087
UGI Corp.	79,644		2,648,959
			12,976,784
Independent power and renewable electricity producers – 0.8%
Ormat Technologies, Inc.	22,502		2,165,818

 

130

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Independent power and renewable electricity producers (continued)
Talen Energy Corp. (A)	16,929	$	7,201,258
			9,367,076
Multi-utilities – 0.3%
Black Hills Corp.	26,996		1,662,684
Northwestern Energy Group, Inc.	22,750		1,333,378
			2,996,062
Water utilities – 0.3%
Essential Utilities, Inc.	103,933		4,146,927
			40,784,662
TOTAL COMMON STOCKS (Cost $860,751,673)		$	1,155,819,436
SHORT-TERM INVESTMENTS – 3.5%
Short-term funds – 3.5%
John Hancock Collateral Trust, 4.0668% (C)(D)	4,151,832		41,532,438
TOTAL SHORT-TERM INVESTMENTS (Cost $41,533,421)		$	41,532,438
Total Investments (Mid Cap Index Trust) (Cost $902,285,094) – 100.2%		$	1,197,351,874
Other assets and liabilities, net – (0.2%)			(2,389,126)
TOTAL NET ASSETS – 100.0%		$	1,194,962,748

Mid Cap Index Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $6,204,519.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 $6,346,869.

 

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	121	Long	Dec 2025	$40,206,336	$39,763,020	$(443,316)
						$(443,316)

^ 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 – 97.3%
Communication services – 1.0%
Interactive media and services – 1.0%
Pinterest, Inc., Class A (A)	183,100	$	5,890,327
Consumer discretionary – 6.5%
Broadline retail – 0.9%
eBay, Inc.	36,500		3,319,675
Global-e Online, Ltd. (A)	65,500		2,342,280
			5,661,955
Hotels, restaurants and leisure – 0.8%
Aramark	108,912		4,182,221
Compass Group PLC	19,157		652,980
			4,835,201
Household durables – 1.4%
Installed Building Products, Inc. (B)	13,720		3,384,175
PulteGroup, Inc.	35,426		4,680,837
			8,065,012
Specialty retail – 1.9%
Advance Auto Parts, Inc. (B)	137,102		8,418,063

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Burlington Stores, Inc. (A)	11,725	$	2,984,013
			11,402,076
Textiles, apparel and luxury goods – 1.5%
Ralph Lauren Corp.	17,249		5,408,596
VF Corp.	262,560		3,788,741
			9,197,337
			39,161,581
Consumer staples – 2.6%
Food products – 1.5%
Lamb Weston Holdings, Inc.	160,469		9,320,040
Personal care products – 1.1%
Kenvue, Inc.	390,157		6,332,248
			15,652,288
Energy – 7.1%
Energy equipment and services – 2.0%
Baker Hughes Company	69,586		3,390,230
TechnipFMC PLC	116,930		4,612,889

 

131

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Tidewater, Inc. (A)	81,172	$	4,328,903
			12,332,022
Oil, gas and consumable fuels – 5.1%
Expand Energy Corp.	56,928		6,048,031
Marathon Petroleum Corp.	32,212		6,208,541
Ovintiv, Inc.	71,500		2,887,170
Permian Resources Corp.	244,000		3,123,200
Phillips 66	46,300		6,297,726
South Bow Corp.	42,735		1,209,244
Viper Energy, Inc., Class A	119,068		4,550,779
			30,324,691
			42,656,713
Financials – 20.4%
Banks – 5.0%
Fifth Third Bancorp	144,455		6,435,470
KeyCorp	271,563		5,075,512
Popular, Inc.	62,166		7,895,704
Webster Financial Corp.	75,775		4,504,066
Western Alliance Bancorp	67,619		5,863,920
			29,774,672
Capital markets – 2.6%
Lazard, Inc.	166,729		8,799,957
Main Street Capital Corp.	56,082		3,566,254
StepStone Group, Inc., Class A	48,684		3,179,552
			15,545,763
Consumer finance – 0.7%
OneMain Holdings, Inc.	49,459		2,792,455
SLM Corp.	53,800		1,489,184
			4,281,639
Financial services – 4.1%
Corebridge Financial, Inc.	172,711		5,535,388
Corpay, Inc. (A)	24,019		6,918,913
Edenred SE	89,057		2,120,867
Marqeta, Inc., Class A (A)	736,150		3,886,872
Voya Financial, Inc.	80,569		6,026,561
			24,488,601
Insurance – 7.3%
American International Group, Inc.	46,700		3,667,818
Assurant, Inc.	24,198		5,241,287
Horace Mann Educators Corp.	55,000		2,484,350
Lincoln National Corp.	111,300		4,488,729
RenaissanceRe Holdings, Ltd.	38,975		9,896,922
The Allstate Corp.	25,107		5,389,218
The Hanover Insurance Group, Inc.	33,451		6,075,705
Willis Towers Watson PLC	17,680		6,107,556
			43,351,585
Mortgage real estate investment trusts – 0.7%
Annaly Capital Management, Inc.	217,100		4,387,591
			121,829,851
Health care – 9.8%
Biotechnology – 1.8%
Alkermes PLC (A)	164,596		4,937,880
Neurocrine Biosciences, Inc. (A)	39,800		5,587,124
			10,525,004
Health care equipment and supplies – 3.3%
Baxter International, Inc.	169,324		3,855,507
The Cooper Companies, Inc. (A)	76,000		5,210,560

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
Zimmer Biomet Holdings, Inc.	108,295	$	10,667,058
			19,733,125
Health care providers and services – 2.5%
Centene Corp. (A)	70,900		2,529,712
Concentra Group Holdings Parent, Inc.	296,060		6,196,536
Molina Healthcare, Inc. (A)	10,000		1,913,600
Select Medical Holdings Corp.	340,774		4,375,538
			15,015,386
Pharmaceuticals – 2.2%
Perrigo Company PLC (B)	361,322		8,046,641
Viatris, Inc.	507,473		5,023,983
			13,070,624
			58,344,139
Industrials – 16.1%
Aerospace and defense – 3.4%
Hexcel Corp. (B)	80,895		5,072,117
L3Harris Technologies, Inc.	20,550		6,276,176
StandardAero, Inc. (A)	201,907		5,510,042
Textron, Inc.	38,504		3,253,203
			20,111,538
Construction and engineering – 1.3%
API Group Corp. (A)	224,404		7,712,765
Electrical equipment – 0.9%
Sensata Technologies Holding PLC	180,043		5,500,314
Ground transportation – 0.9%
Saia, Inc. (A)	18,006		5,390,276
Machinery – 4.9%
AGCO Corp.	46,650		4,994,816
Esab Corp.	41,570		4,645,032
Fortive Corp.	98,102		4,806,017
JBT Marel Corp.	21,800		3,061,810
The Middleby Corp. (A)	52,183		6,936,686
Xylem, Inc.	33,800		4,985,500
			29,429,861
Passenger airlines – 1.0%
Southwest Airlines Company	178,095		5,683,011
Professional services – 3.0%
Booz Allen Hamilton Holding Corp.	11,600		1,159,420
Dayforce, Inc. (A)	43,897		3,024,064
First Advantage Corp. (A)(B)	267,508		4,116,948
SS&C Technologies Holdings, Inc.	57,767		5,127,399
Verra Mobility Corp. (A)	187,377		4,628,212
			18,056,043
Trading companies and distributors – 0.7%
SiteOne Landscape Supply, Inc. (A)	32,659		4,206,479
			96,090,287
Information technology – 14.2%
Electronic equipment, instruments and components – 5.9%
Belden, Inc.	25,300		3,042,831
CDW Corp.	18,400		2,930,752
Corning, Inc.	144,464		11,850,379
Keysight Technologies, Inc. (A)	56,800		9,935,456
TE Connectivity PLC	34,935		7,669,281
			35,428,699
IT services – 0.8%
GoDaddy, Inc., Class A (A)	36,620		5,010,715
Semiconductors and semiconductor equipment – 3.3%
MKS, Inc.	67,676		8,376,259
Rambus, Inc. (A)	33,355		3,475,591

 

132

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Teradyne, Inc.	56,900	$	7,831,716
			19,683,566
Software – 2.6%
CCC Intelligent Solutions Holdings, Inc. (A)	467,128		4,255,536
Clearwater Analytics Holdings, Inc., Class A (A)	164,700		2,967,894
DocuSign, Inc. (A)	72,366		5,216,865
Gitlab, Inc., Class A (A)	61,200		2,758,896
			15,199,191
Technology hardware, storage and peripherals – 1.6%
Sandisk Corp. (A)	53,850		6,041,970
Western Digital Corp.	27,906		3,350,394
			9,392,364
			84,714,535
Materials – 6.2%
Chemicals – 1.4%
DuPont de Nemours, Inc.	63,997		4,985,366
Westlake Corp.	47,900		3,691,174
			8,676,540
Construction materials – 0.6%
Knife River Corp. (A)	44,866		3,448,849
Containers and packaging – 1.7%
International Paper Company	166,802		7,739,613
Sealed Air Corp.	66,553		2,352,649
			10,092,262
Metals and mining – 1.8%
Franco-Nevada Corp.	30,608		6,812,848
Freeport-McMoRan, Inc.	16,366		641,875
OR Royalties, Inc.	84,600		3,390,808
			10,845,531
Paper and forest products – 0.7%
Stora Enso OYJ, R Shares	355,795		3,915,493
			36,978,675
Real estate – 6.9%
Health care REITs – 0.6%
Healthcare Realty Trust, Inc.	219,967		3,966,005
Industrial REITs – 0.8%
Rexford Industrial Realty, Inc.	115,921		4,765,512
Office REITs – 0.7%
Vornado Realty Trust	98,776		4,003,391
Real estate management and development – 0.7%
Jones Lang LaSalle, Inc. (A)	13,644		4,069,732
Residential REITs – 2.9%
Apartment Investment and Management Company, Class A	401,057		3,180,382
Equity Residential	86,831		5,620,571
Sun Communities, Inc.	64,846		8,365,134
			17,166,087
Retail REITs – 1.0%
Regency Centers Corp.	82,812		6,036,995
Specialized REITs – 0.2%
Weyerhaeuser Company	61,152		1,515,958
			41,523,680
Utilities – 6.5%
Electric utilities – 2.2%
FirstEnergy Corp.	153,174		7,018,433

Mid Value Trust (continued)

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
PG&E Corp.		403,830	$	6,089,756
				13,108,189
Multi-utilities – 4.3%
Ameren Corp.		75,884		7,920,772
CenterPoint Energy, Inc.		138,974		5,392,191
Consolidated Edison, Inc.		50,000		5,026,000
Dominion Energy, Inc.		123,730		7,568,564
				25,907,527
				39,015,716
TOTAL COMMON STOCKS (Cost $498,365,736)			$	581,857,792
CONVERTIBLE BONDS - 0.4%
Information technology - 0.4%
Wolfspeed, Inc.
0.250%, 02/15/2028 (C)	$	978,000		440,100
1.875%, 12/01/2029 (C)		3,436,000		1,546,200
				1,986,300
TOTAL CONVERTIBLE BONDS (Cost $2,801,691)			$	1,986,300
SHORT-TERM INVESTMENTS – 2.7%
Short-term funds – 2.7%
John Hancock Collateral Trust, 4.0668% (D)(E)		99,966		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (D)		3,451,467		3,451,467
T. Rowe Price Government Reserve Fund, 4.1621% (D)		11,813,629		11,813,629
TOTAL SHORT-TERM INVESTMENTS (Cost $16,265,096)			$	16,265,096
Total Investments (Mid Value Trust) (Cost $517,432,523) – 100.4%			$	600,109,188
Other assets and liabilities, net – (0.4%)				(2,239,668)
TOTAL NET ASSETS – 100.0%			$	597,869,520

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $19,033,260. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $18,424,982 in the form of U.S. Treasuries was pledged to the fund.
(C)	Non-income producing - Issuer is in default.
(D)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

Opportunistic Fixed Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 31.3%
U.S. Government - 3.7%
U.S. Treasury Bonds
4.750%, 05/15/2055	$	121,300	$	121,679
5.000%, 05/15/2045		5,300		5,504
U.S. Treasury Inflation Protected Securities
0.125%, 02/15/2051 to 02/15/2052		1,969,763		1,079,522
0.250%, 02/15/2050		766,447		452,911
2.125%, 02/15/2054 (A)		1,968,269		1,816,395

 

133

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Inflation Protected Securities (continued)
2.375%, 02/15/2055 (A)	$	1,878,508	$	1,833,747
U.S. Treasury Notes 4.250%, 05/15/2035		71,300		71,957
				5,381,715
U.S. Government Agency - 27.6%
Federal Home Loan Mortgage Corp.
5.000%, 07/01/2040 (B)		73,583		74,411
5.500%, 11/01/2054 to 09/01/2055		280,244		282,691
Federal National Mortgage Association
2.500%, TBA (B)		615,000		518,089
4.000%, TBA (B)		40,000		37,692
4.500%, TBA (B)		1,206,000		1,199,090
5.000%, TBA (B)		4,465,000		4,448,604
5.000%, 08/01/2040 (B)		147,214		148,779
5.500%, TBA (B)		5,102,000		5,159,532
6.000%, TBA (B)		21,217,000		21,670,760
6.000%, 07/01/2038 to 09/01/2038		257,188		266,229
6.500%, TBA (B)		1,270,000		1,312,416
Government National Mortgage Association
2.500%, TBA (B)		1,532,000		1,318,742
4.000%, 11/20/2052 to 05/20/2053		1,094,870		1,039,723
4.500%, TBA (B)		525,000		509,248
4.500%, 11/20/2052		547,958		534,911
6.000%, TBA (B)		10,000		10,171
6.000%, 04/20/2055		739,342		752,667
				39,283,755
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $44,696,579)			$	44,665,470
FOREIGN GOVERNMENT OBLIGATIONS - 42.6%
Argentina - 0.3%
Republic of Argentina
4.125%, (4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter), 07/09/2035		630,000		327,285
29.500%, 05/30/2030	ARS	90,348,000		57,296
				384,581
Australia - 2.3%
Commonwealth of Australia 1.750%, 06/21/2051	AUD	7,195,000		2,527,578
Commonwealth of Australia, Inflation-Linked Bond 1.252%, 02/21/2050		1,350,000		789,968
				3,317,546
Brazil - 6.9%
Federative Republic of Brazil
6.000%, 05/15/2035	BRL	2,341,000		1,837,287
10.000%, 01/01/2027		558,000		102,981
10.000%, 01/01/2029		36,411,000		6,457,080
10.000%, 01/01/2031		4,120,000		696,872
10.000%, 01/01/2033		278,000		45,351
10.000%, 01/01/2035		3,910,000		619,770
13.085%, 01/01/2028 (C)		579,000		82,128
				9,841,469
Chile - 0.1%
Republic of Chile
4.700%, 09/01/2030 (D)	CLP	55,000,000		55,936
5.000%, 03/01/2035		90,000,000		90,213
6.000%, 01/01/2043		15,000,000		16,465

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Chile (continued)
Republic of Chile (continued)
7.000%, 05/01/2034 (D)	CLP	10,000,000	$	11,763
				174,377
Colombia - 3.2%
Republic of Colombia
3.750%, 02/25/2037	COP	6,919,789,706		1,421,409
4.750%, 04/04/2035		6,404,801,079		1,493,336
5.000%, 03/20/2041		3,350,385,777		760,556
5.625%, 02/19/2036	EUR	220,000		249,778
6.250%, 07/09/2036	COP	499,700,000		87,980
7.000%, 03/26/2031		104,300,000		22,129
7.000%, 06/30/2032		495,200,000		101,050
7.250%, 10/18/2034		492,700,000		96,893
7.750%, 09/18/2030		86,900,000		19,596
9.250%, 05/28/2042		872,000,000		181,326
11.750%, 01/24/2035		210,500,000		53,705
13.250%, 02/09/2033		188,300,000		51,881
				4,539,639
Czech Republic - 0.3%
Czech Republic
1.200%, 03/13/2031	CZK	1,270,000		52,548
1.500%, 04/24/2040		1,530,000		48,438
1.950%, 07/30/2037		1,150,000		41,824
2.000%, 10/13/2033		1,060,000		42,735
3.500%, 05/30/2035		4,010,000		177,811
4.500%, 11/11/2032		1,770,000		86,225
4.900%, 04/14/2034		520,000		25,789
				475,370
Gabon - 0.1%
Republic of Gabon 6.625%, 02/06/2031	$	200,000		160,839
Germany - 3.8%
Federal Republic of Germany, Inflation-Linked Bond
0.100%, 04/15/2033	EUR	836,305		934,405
0.100%, 04/15/2046		1,510,448		1,394,148
0.500%, 04/15/2030		2,656,452		3,106,053
				5,434,606
Ghana - 0.1%
Republic of Ghana
4.757%, 07/03/2026 (C)(D)	$	4,000		3,860
5.000%, (5.000% to 7-3-28, then 6.000% thereafter), 07/03/2029 (D)		60,500		58,825
5.000%, (5.000% to 7-3-28, then 6.000% thereafter), 07/03/2035 (D)		87,000		73,218
				135,903
Hungary - 0.5%
Republic of Hungary
1.625%, 04/28/2032	EUR	520,000		540,058
2.250%, 06/22/2034	HUF	10,250,000		21,793
3.000%, 10/27/2038		38,590,000		77,066
7.000%, 10/24/2035		15,690,000		47,635
				686,552
Iceland - 1.6%
Republic of Iceland
4.500%, 02/17/2042	ISK	24,335,000		155,479
5.000%, 11/15/2028		165,490,000		1,283,809
6.500%, 02/15/2038		97,335,000		779,322
				2,218,610
India - 2.2%
Republic of India
6.330%, 05/05/2035	INR	17,900,000		198,086

 

134

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
India (continued)
Republic of India (continued)
6.790%, 10/07/2034	INR	188,250,000	$	2,133,901
6.790%, 12/02/2034		1,090,000		12,396
7.300%, 06/19/2053		70,570,000		799,770
				3,144,153
Indonesia - 0.7%
Republic of Indonesia
6.375%, 08/15/2028	IDR	840,000,000		51,864
6.500%, 07/15/2030		2,031,000,000		126,864
6.500%, 02/15/2031		1,983,000,000		123,206
6.625%, 05/15/2033		430,000,000		26,318
6.875%, 04/15/2029		1,179,000,000		74,032
7.000%, 09/15/2030		1,314,000,000		83,177
7.000%, 02/15/2033		2,096,000,000		130,982
7.125%, 06/15/2038		2,656,000,000		164,378
7.125%, 06/15/2042		271,000,000		16,658
7.125%, 06/15/2043		325,000,000		19,948
7.500%, 08/15/2032		1,925,000,000		123,530
7.500%, 05/15/2038		186,000,000		11,846
8.250%, 05/15/2036		514,000,000		35,050
				987,853
Japan - 2.0%
Government of Japan
2.400%, 03/20/2045	JPY	125,550,000		826,080
2.400%, 03/20/2055		95,900,000		564,325
Government of Japan, CPI-Linked Bond 0.005%, 03/10/2035		211,770,884		1,424,381
				2,814,786
Malaysia - 0.6%
Government of Malaysia
2.632%, 04/15/2031	MYR	453,000		103,863
3.582%, 07/15/2032		314,000		75,309
3.757%, 05/22/2040		270,000		64,298
3.828%, 07/05/2034		560,000		136,216
3.885%, 08/15/2029		691,000		168,122
4.254%, 05/31/2035		721,000		181,753
4.457%, 03/31/2053		108,000		27,624
4.642%, 11/07/2033		269,000		68,871
4.696%, 10/15/2042		139,000		36,758
4.893%, 06/08/2038		120,000		32,048
				894,862
Mexico - 1.0%
Government of Mexico
2.750%, 11/27/2031	MXN	1,657,858		81,793
5.625%, 03/19/2114	GBP	100,000		96,963
7.500%, 05/26/2033	MXN	2,062,800		106,338
7.622%, 09/02/2027 (C)		3,152,510		149,169
7.750%, 11/23/2034		1,000		52
7.750%, 11/13/2042		4,593,600		218,173
7.785%, 07/08/2027 (C)		3,380,150		161,340
8.000%, 05/24/2035		305,700		15,872
8.000%, 02/21/2036		3,234,100		166,847
8.000%, 11/07/2047		2,021,900		96,827
8.000%, 07/31/2053		1,747,300		82,961
8.500%, 03/01/2029		3,315,800		183,274
8.500%, 05/31/2029		568,900		31,458
				1,391,067
New Zealand - 3.4%
Government of New Zealand, Inflation-Linked Bond
3.302%, 09/20/2040	NZD	2,860,000		2,104,810
3.337%, 09/20/2035		3,570,000		2,789,385
				4,894,195

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Norway - 7.1%
Kingdom of Norway
1.250%, 09/17/2031 (D)	NOK	42,940,000	$	3,694,147
1.375%, 08/19/2030 (D)		37,180,000		3,307,644
1.750%, 09/06/2029 (D)		18,155,000		1,678,083
3.000%, 08/15/2033 (D)		15,870,000		1,484,081
				10,163,955
Peru - 0.1%
Republic of Peru
5.350%, 08/12/2040	PEN	111,000		28,302
5.400%, 08/12/2034		62,000		17,282
6.150%, 08/12/2032		78,000		23,815
6.900%, 08/12/2037		25,000		7,514
6.950%, 08/12/2031		150,000		47,872
7.600%, 08/12/2039 (D)		239,000		75,214
				199,999
Poland - 0.4%
Republic of Poland
1.750%, 04/25/2032	PLN	249,000		55,942
2.500%, 07/25/2027		131,000		34,969
4.750%, 07/25/2029		251,000		69,301
5.000%, 10/25/2034		664,000		177,818
5.000%, 10/25/2035		273,000		72,441
6.000%, 10/25/2033		384,000		110,685
				521,156
Romania - 1.2%
Republic of Romania
4.750%, 10/11/2034	RON	570,000		109,972
5.000%, 02/12/2029		95,000		20,433
6.700%, 02/25/2032		145,000		32,346
6.750%, 04/25/2035		390,000		86,723
6.750%, 07/11/2039	EUR	870,000		1,040,955
7.650%, 07/27/2031	RON	760,000		177,554
8.000%, 04/29/2030		150,000		35,430
8.250%, 09/29/2032		340,000		82,134
8.750%, 10/30/2028		415,000		99,366
				1,684,913
South Africa - 1.5%
Republic of South Africa
6.250%, 03/31/2036	ZAR	2,327,000		106,656
7.000%, 02/28/2031		2,215,000		121,515
7.000%, 02/28/2031		1,345,000		73,787
8.000%, 01/31/2030		234,000		13,552
8.250%, 03/31/2032		1,201,000		68,494
8.500%, 01/31/2037		4,089,000		217,638
8.750%, 01/31/2044		2,718,000		136,745
8.750%, 02/28/2048		1,424,000		71,113
9.000%, 01/31/2040		1,386,000		73,434
9.875%, 09/30/2039		1,029,000		59,451
11.625%, 03/31/2053		627,000		40,950
Republic of South Africa, CPI-Linked Bond
1.875%, 02/28/2033		22,618,223		1,067,644
2.500%, 03/31/2046		1,193,862		47,184
				2,098,163
Thailand - 0.6%
Kingdom of Thailand
1.585%, 12/17/2035	THB	3,940,000		122,744
1.600%, 06/17/2035		917,000		28,644
2.000%, 12/17/2031		4,406,000		141,366
2.000%, 06/17/2042		315,000		9,875
2.410%, 03/17/2035		2,941,000		98,365
2.800%, 06/17/2034		1,260,000		43,178
2.875%, 12/17/2028		3,746,000		121,682

 

135

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Thailand (continued)
Kingdom of Thailand (continued)
2.875%, 06/17/2046	THB	775,000	$	26,973
3.350%, 06/17/2033		4,861,000		171,069
3.450%, 06/17/2043		2,449,000		92,552
				856,448
Turkey - 0.2%
Republic of Turkey
26.200%, 10/05/2033	TRY	6,355,840		141,097
27.700%, 09/27/2034		4,424,000		101,510
30.000%, 09/12/2029		2,872,000		63,688
				306,295
United Kingdom - 2.3%
United Kingdom of Great Britain 0.500%, 10/22/2061	GBP	2,020,000		660,816
United Kingdom of Great Britain, Inflation-Linked GILT
0.125%, 03/22/2051		1,118,545		858,125
0.250%, 03/22/2052		922,862		722,832
0.500%, 03/22/2050		637,572		558,830
1.250%, 11/22/2054		461,308		472,274
				3,272,877
Uruguay - 0.1%
Republic of Uruguay 9.750%, 07/20/2033	UYU	2,502,000		68,724
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $60,324,605)			$	60,668,938
CORPORATE BONDS - 11.6%
Belgium - 0.2%
KBC Group NV 6.000%, (6.000% to 11-27-30, then 5 Year EURIBOR ICE Swap Rate + 3.806%), 11/27/2030 (E)	EUR	200,000		241,479
Canada - 0.8%
AltaGas, Ltd. 7.200%, (7.200% to 10-15-34, then 5 Year CMT + 3.573%), 10/15/2054 (D)	$	93,000		96,200
Bausch Health Companies, Inc. 4.875%, 06/01/2028 (D)		25,000		22,375
Bell Canada 7.000%, (7.000% to 9-15-35, then 5 Year CMT + 2.363%), 09/15/2055		42,000		43,894
Brookfield Finance, Inc. 5.330%, 01/15/2036		180,000		180,950
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		126,000		126,646
Enbridge, Inc.
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080		14,000		14,135
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084		55,000		62,904
Garda World Security Corp. 6.000%, 06/01/2029 (D)		10,000		9,914
goeasy, Ltd.
6.875%, 02/15/2031 (D)		95,000		92,035
7.375%, 10/01/2030 (D)		25,000		25,125

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Canada (continued)
Great Canadian Gaming Corp. 8.750%, 11/15/2029 (D)	$	70,000	$	69,219
Mercer International, Inc. 5.125%, 02/01/2029		80,000		58,969
Ontario Gaming GTA LP 8.000%, 08/01/2030 (D)		70,000		69,557
South Bow Canadian Infrastructure Holdings, Ltd. 7.625%, (7.625% to 3-1-30, then 5 Year CMT + 3.949%), 03/01/2055		34,000		35,523
TELUS Corp. 7.000%, (7.000% to 10-15-35, then 5 Year CMT + 2.709%), 10/15/2055		84,000		88,571
Transcanada Trust
5.600%, (5.600% to 3-7-32, then 5 Year CMT + 3.986% to 3-7-52, then 5 Year CMT + 4.736%), 03/07/2082		144,000		142,689
5.875%, (5.875% to 8-15-26, then 3 month LIBOR + 4.640% to 8-15-46, then 3 month LIBOR + 5.390%), 08/15/2076		41,000		41,025
				1,179,731
Cayman Islands - 0.0%
Azorra Finance, Ltd. 7.250%, 01/15/2031 (D)		12,000		12,495
Diamond Foreign Asset Company 8.500%, 10/01/2030 (D)		7,000		7,418
Yuzhou Group Holdings Company, Ltd.
1.000%, (0.000% Cash and 1.000% PIK), 06/30/2034		25,135		25
4.000%, (0.000% Cash and 4.000% PIK), 06/30/2028		26,734		802
4.500%, (0.000% Cash and 4.500% PIK), 06/30/2029		46,556		1,268
5.000%, (0.000% Cash and 5.000% PIK), 06/30/2030		62,142		1,192
5.500%, (0.000% Cash and 5.500% PIK), 06/30/2031		87,176		1,393
7.000%, (1.000% Cash and 6.000% PIK), 06/30/2027		31,534		3,927
				28,520
China - 0.0%
CIFI Holdings Group Company, Ltd. 4.375%, 04/12/2027 (F)		260,000		23,400
Country Garden Holdings Company, Ltd. 3.875%, 10/22/2030 (F)		290,000		30,450
				53,850
Denmark - 0.3%
Spar Nord Bank A/S 4.125%, (4.125% to 10-1-29, then 1 Year EURIBOR ICE Swap Rate + 1.850%), 10/01/2030	EUR	300,000		364,457
Estonia - 0.2%
Luminor Holding AS 7.375%, (7.375% to 8-12-31, then 5 Year EURIBOR ICE Swap Rate + 5.264%), 02/12/2031 (E)		200,000		243,946
France - 0.7%
Bertrand Franchise Finance SAS 6.500%, 07/18/2030		110,000		126,409

 

136

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
France (continued)
Credit Agricole SA 7.125%, (7.125% to 9-23-35, then 5 Year SOFR ICE Swap Rate + 3.584%), 09/23/2035 (D)(E)	$	270,000	$	275,723
Valeo SE 1.000%, 08/03/2028	EUR	500,000		550,983
				953,115
Germany - 0.2%
Muenchener Rueckversicherungs-Gesellschaft AG 5.875%, (5.875% to 5-23-32, then 5 Year CMT + 3.982%), 05/23/2042	$	200,000		208,672
Greece - 0.3%
CrediaBank SA 9.375%, (9.375% to 1-13-31, then 5 Year EURIBOR ICE Swap Rate + 7.277%), 01/31/2031 (E)	EUR	100,000		127,315
Eurobank SA 4.000%, (4.000% to 2-7-35, then 1 Year EURIBOR ICE Swap Rate + 1.700%), 02/07/2036		100,000		117,967
Piraeus Financial Holdings SA 8.750%, (8.750% to 12-16-26, then 5 Year Euro Swap Rate + 9.195%), 06/16/2026 (E)		200,000		242,681
				487,963
Hungary - 0.1%
OTP Bank NYRT 4.250%, (4.250% to 10-16-29, then 3 month EURIBOR + 1.950%), 10/16/2030		100,000		120,613
Ireland - 0.0%
Adient Global Holdings, Ltd. 7.500%, 02/15/2033 (D)	$	6,000		6,213
TrueNoord Capital DAC 8.750%, 03/01/2030 (D)		20,000		21,250
				27,463
Italy - 0.2%
Intesa Sanpaolo SpA 7.800%, 11/28/2053 (D)		200,000		247,105
Japan - 0.2%
Mitsubishi UFJ Financial Group, Inc. 6.350%, (6.350% to 1-15-36, then 5 Year CMT + 2.070%), 01/15/2036 (E)		270,000		275,630
Luxembourg - 0.1%
Raizen Fuels Finance SA 6.700%, 02/25/2037		200,000		194,375
Malta - 0.0%
VistaJet Malta Finance PLC
6.375%, 02/01/2030 (D)		7,000		6,823
9.500%, 06/01/2028 (D)		15,000		15,615
				22,438
Mexico - 0.1%
Orbia Advance Corp. SAB de CV 6.750%, 09/19/2042		200,000		188,024
Netherlands - 0.3%
ING Groep NV 7.000%, (7.000% to 11-16-32, then 5 Year SOFR ICE Swap Rate + 3.594%), 11/16/2032 (E)		270,000		278,390

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Netherlands (continued)
Petrobras Global Finance BV 6.250%, 01/10/2036	$	215,000	$	212,173
				490,563
Singapore - 0.1%
GLP Pte, Ltd. 4.500%, (4.500% to 5-17-26, then 5 Year CMT + 3.735% to 5-17-31, then 5 Year CMT + 3.985% to 5-17-46, then 5 Year CMT + 4.735%), 05/17/2026 (E)		200,000		137,005
Spain - 0.2%
CaixaBank SA 4.885%, (4.885% to 7-3-30, then Overnight SOFR + 1.360%), 07/03/2031 (D)		200,000		202,052
Unicaja Banco SA 0.250%, 09/25/2029	EUR	100,000		106,543
				308,595
Supranational - 0.5%
Asian Development Bank 5.649%, 07/30/2030 (C)	PLN	200,000		42,037
Asian Infrastructure Investment Bank
6.000%, 12/08/2031	INR	9,800,000		103,797
6.650%, 06/30/2033		14,100,000		156,709
6.900%, 10/23/2034		6,600,000		74,090
6.960%, 01/14/2035		6,400,000		72,452
7.000%, 03/01/2029		9,100,000		103,138
European Bank for Reconstruction & Development
6.750%, 03/14/2031		6,000,000		67,323
6.875%, 07/30/2031		4,600,000		52,232
				671,778
Switzerland - 0.3%
UBS Group AG 9.250%, (9.250% to 11-13-33, then 5 Year CMT + 4.758%), 11/13/2033 (D)(E)	$	200,000		238,173
UBS Switzerland AG 3.146%, 06/21/2031	EUR	100,000		118,800
				356,973
United Kingdom - 0.4%
HSBC Holdings PLC
5.733%, (5.733% to 5-17-31, then Overnight SOFR + 1.520%), 05/17/2032	$	200,000		210,409
7.050%, (7.050% to 12-5-30, then 5 Year CMT + 2.987%), 06/05/2030 (E)		200,000		208,213
INEOS Finance PLC 6.375%, 04/15/2029	EUR	115,000		133,582
				552,204
United States - 6.4%
Acadia Healthcare Company, Inc.
5.000%, 04/15/2029 (D)	$	7,000		6,853
7.375%, 03/15/2033 (D)(G)		7,000		7,267
Acrisure LLC 6.000%, 08/01/2029 (D)		30,000		29,573
Air Lease Corp. 4.125%, (4.125% to 12-15-26, then 5 Year CMT + 3.149%), 12/15/2026 (E)		39,000		37,694

 

137

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
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)(E)	$	66,000	$	65,638
Alliant Holdings Intermediate LLC 7.375%, 10/01/2032 (D)		25,000		25,761
Allied Universal Holdco LLC 7.875%, 02/15/2031 (D)		4,000		4,194
American Axle & Manufacturing, Inc. 7.750%, 10/15/2033 (D)		125,000		125,974
American Electric Power Company, Inc.
5.800%, (5.800% to 3-15-31, then 5 Year CMT + 2.128%), 03/15/2056		54,000		53,811
6.050%, (6.050% to 3-15-36, then 5 Year CMT + 1.940%), 03/15/2056		130,000		130,183
American National Group, Inc. 7.000%, (7.000% to 12-1-30, then 5 Year CMT + 3.183%), 12/01/2055		103,000		106,150
AmeriGas Partners LP 9.375%, 06/01/2028 (D)		210,000		215,744
Antero Midstream Partners LP 6.625%, 02/01/2032 (D)		25,000		25,748
Ashton Woods USA LLC 6.875%, 08/01/2033 (D)		270,000		272,316
Avis Budget Car Rental LLC 8.375%, 06/15/2032 (D)		16,000		16,735
Baldwin Insurance Group Holdings LLC 7.125%, 05/15/2031 (D)		15,000		15,571
Bread Financial Holdings, Inc. 8.375%, (8.375% to 6-15-30, then 5 Year CMT + 4.300%), 06/15/2035 (D)		24,000		24,644
CCO Holdings LLC
4.250%, 02/01/2031 (D)		75,000		69,092
4.750%, 02/01/2032 (D)		2,000		1,850
5.375%, 06/01/2029 (D)		2,000		1,987
Celanese US Holdings LLC
6.750%, 04/15/2033 (G)		65,000		64,726
7.200%, 11/15/2033		65,000		67,574
Champ Acquisition Corp. 8.375%, 12/01/2031 (D)		25,000		26,578
Cinemark USA, Inc. 7.000%, 08/01/2032 (D)		10,000		10,394
Citigroup, Inc.
6.875%, (6.875% to 8-15-30, then 5 Year CMT + 2.890%), 08/15/2030 (E)		34,000		35,039
7.625%, (7.625% to 11-15-28, then 5 Year CMT + 3.211%), 11/15/2028 (E)		39,000		40,944
Clarios Global LP 6.750%, 09/15/2032 (D)		5,000		5,111
Clear Channel Outdoor Holdings, Inc.
7.125%, 02/15/2031 (D)		10,000		10,337
7.750%, 04/15/2028 (D)		8,000		7,985
Cloud Software Group, Inc. 9.000%, 09/30/2029 (D)		15,000		15,558
CMS Energy Corp. 4.750%, (4.750% to 6-1-30, then 5 Year CMT + 4.116%), 06/01/2050		72,000		70,219
Community Health Systems, Inc.
4.750%, 02/15/2031 (D)		26,000		22,483
6.875%, 04/15/2029 (D)		6,000		4,770
9.750%, 01/15/2034 (D)		130,000		133,185

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Concentra Health Services, Inc. 6.875%, 07/15/2032 (D)	$	5,000	$	5,192
Cougar JV Subsidiary LLC 8.000%, 05/15/2032 (D)		16,000		17,011
CP Atlas Buyer, Inc.
9.750%, 07/15/2030 (D)		8,000		8,378
12.750%, (7.000% Cash and 5.750% PIK), 01/15/2031 (D)		16,000		15,980
CrossCountry Intermediate HoldCo LLC 6.500%, 10/01/2030 (D)		65,000		65,239
CVS Health Corp.
6.750%, (6.750% to 12-10-34, then 5 Year CMT + 2.516%), 12/10/2054		38,000		39,225
7.000%, (7.000% to 3-10-30, then 5 Year CMT + 2.886%), 03/10/2055		46,000		48,288
Deluxe Corp. 8.125%, 09/15/2029 (D)		15,000		15,663
DISH DBS Corp. 5.750%, 12/01/2028 (D)		2,000		1,917
Dominion Energy, Inc.
4.350%, (4.350% to 4-15-27, then 5 Year CMT + 3.195%), 01/15/2027 (E)		75,000		73,877
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056		175,000		176,252
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055		35,000		36,634
EchoStar Corp. 6.750%, (0.000% Cash and 6.750% PIK), 11/30/2030		21,742		22,415
Edison International 5.375%, (5.375% to 3-15-26, then 5 Year CMT + 4.698%), 03/09/2026 (E)		140,000		135,922
Energy Transfer LP
6.500%, (6.500% to 2-15-31, then 5 Year CMT + 2.676%), 02/15/2056		237,000		235,889
8.000%, (8.000% to 5-15-29, then 5 Year CMT + 4.020%), 05/15/2054		81,000		86,558
EQT Corp. 4.750%, 01/15/2031		10,000		9,980
EUSHI Finance, Inc.
6.250%, (6.250% to 4-1-31, then 5 Year CMT + 2.509%), 04/01/2056		89,000		88,468
7.625%, (7.625% to 12-15-29, then 5 Year CMT + 3.136%), 12/15/2054		71,000		74,437
EZCORP, Inc. 7.375%, 04/01/2032 (D)		25,000		26,637
FirstCash, Inc.
4.625%, 09/01/2028 (D)		7,000		6,863
5.625%, 01/01/2030 (D)		6,000		5,991
Five Point Operating Company LP 8.000%, 10/01/2030 (D)		85,000		86,256
FMC Corp. 8.450%, (8.450% to 11-1-30, then 5 Year CMT + 4.366%), 11/01/2055		123,000		129,812
Freedom Mortgage Holdings LLC
9.125%, 05/15/2031 (D)		20,000		21,271
9.250%, 02/01/2029 (D)		15,000		15,783
General Motors Financial Company, Inc. 5.700%, (5.700% to 9-30-30, then 5 Year CMT + 4.997%), 09/30/2030 (E)		80,000		79,646
Global Atlantic Financial Company
4.700%, (4.700% to 10-15-26, then 5 Year CMT + 3.796%), 10/15/2051 (D)		105,000		103,435

 

138

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Global Atlantic Financial Company (continued)
7.950%, (7.950% to 10-15-29, then 5 Year CMT + 3.608%), 10/15/2054 (D)	$	24,000	$	25,394
Gray Media, Inc. 7.250%, 08/15/2033 (D)		45,000		44,593
Hightower Holding LLC 6.750%, 04/15/2029 (D)		15,000		14,799
Howard Midstream Energy Partners LLC 7.375%, 07/15/2032 (D)		130,000		134,943
HUB International, Ltd.
5.625%, 12/01/2029 (D)		3,000		2,997
7.375%, 01/31/2032 (D)		11,000		11,455
Intel Corp. 5.600%, 02/21/2054 (G)		87,000		83,535
Intercontinental Exchange, Inc. 3.625%, 09/01/2028		27,000		26,651
Iron Mountain, Inc. 4.500%, 02/15/2031 (D)		30,000		28,636
Keurig Dr. Pepper, Inc.
3.800%, 05/01/2050		120,000		87,003
4.500%, 04/15/2052		155,000		125,217
5.150%, 05/15/2035		90,000		89,144
LABL, Inc. 5.875%, 11/01/2028 (D)		2,000		1,550
LBM Acquisition LLC 6.250%, 01/15/2029 (D)		23,000		21,289
LCM Investments Holdings II LLC 8.250%, 08/01/2031 (D)		10,000		10,576
Level 3 Financing, Inc.
4.500%, 04/01/2030 (D)		18,000		16,448
6.875%, 06/30/2033 (D)		80,000		81,534
LFS Topco LLC 8.750%, 07/15/2030 (D)		146,000		146,658
Liberty Mutual Group, Inc. 4.125%, (4.125% to 12-15-26, then 5 Year CMT + 3.315%), 12/15/2051 (D)		38,000		37,323
Light & Wonder International, Inc. 6.250%, 10/01/2033 (D)		65,000		65,111
Lincoln National Corp. 9.250%, (9.250% to 3-1-28, then 5 Year CMT + 5.318%), 12/01/2027 (E)		130,000		139,801
LYB International Finance III LLC 4.200%, 05/01/2050		255,000		188,881
Macy's Retail Holdings LLC
5.125%, 01/15/2042		9,000		7,106
6.125%, 03/15/2032 (D)		5,000		5,005
MajorDrive Holdings IV LLC 6.375%, 06/01/2029 (D)		75,000		61,461
Matador Resources Company 6.500%, 04/15/2032 (D)		70,000		70,670
Mauser Packaging Solutions Holding Company 9.250%, 04/15/2027 (D)		65,000		65,149
Medline Borrower LP 5.250%, 10/01/2029 (D)		25,000		24,784
NFE Financing LLC 12.000%, 11/15/2029 (D)		3,000		882
Noble Finance II LLC 8.000%, 04/15/2030 (D)		210,000		217,362
Northern Oil & Gas, Inc. 7.875%, 10/15/2033 (D)		85,000		84,664
Oracle Corp. 6.100%, 09/26/2065		255,000		254,530

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
Panther Escrow Issuer LLC 7.125%, 06/01/2031 (D)	$	120,000	$	124,814
Penn Entertainment, Inc. 4.125%, 07/01/2029 (D)		15,000		14,060
PennyMac Financial Services, Inc. 6.875%, 05/15/2032 (D)		9,000		9,326
Permian Resources Operating LLC 7.000%, 01/15/2032 (D)		5,000		5,186
Phillips 66 Company
5.875%, (5.875% to 3-15-31, then 5 Year CMT + 2.283%), 03/15/2056		45,000		44,646
6.200%, (6.200% to 3-15-36, then 5 Year CMT + 2.166%), 03/15/2056		70,000		70,187
Planet Financial Group LLC 10.500%, 12/15/2029 (D)		120,000		126,171
Quikrete Holdings, Inc. 6.375%, 03/01/2032 (D)		10,000		10,358
Reworld Holding Corp. 4.875%, 12/01/2029 (D)		7,000		6,583
Rocket Companies, Inc. 6.375%, 08/01/2033 (D)		10,000		10,321
Rocket Software, Inc.
6.500%, 02/15/2029 (D)		15,000		14,608
9.000%, 11/28/2028 (D)		7,000		7,216
Rockies Express Pipeline LLC 6.750%, 03/15/2033 (D)		20,000		20,876
S&S Holdings LLC 8.375%, 10/01/2031 (D)		65,000		63,723
Scripps Escrow II, Inc. 3.875%, 01/15/2029 (D)		15,000		13,215
Sempra 6.375%, (6.375% to 4-1-31, then 5 Year CMT + 2.632%), 04/01/2056		61,000		62,601
Six Flags Entertainment Corp. 7.250%, 05/15/2031 (D)		130,000		130,051
SM Energy Company 6.750%, 08/01/2029 (D)		15,000		15,072
Smyrna Ready Mix Concrete LLC 8.875%, 11/15/2031 (D)		60,000		63,357
Staples, Inc. 10.750%, 09/01/2029 (D)		23,000		22,742
Star Parent, Inc. 9.000%, 10/01/2030 (D)		15,000		15,858
Sunoco LP 7.000%, 05/01/2029 (D)		10,000		10,354
Talos Production, Inc. 9.375%, 02/01/2031 (D)		151,000		157,270
Tenet Healthcare Corp. 6.750%, 05/15/2031		15,000		15,529
The AES Corp. 6.950%, (6.950% to 7-15-30, then 5 Year CMT + 2.890%), 07/15/2055		90,000		88,324
The Dow Chemical Company
4.800%, 05/15/2049		150,000		122,414
5.950%, 03/15/2055		130,000		123,514
The EW Scripps Company 9.875%, 08/15/2030 (D)		105,000		98,557
The Goldman Sachs Group, Inc. 3.650%, (3.650% to 8-10-26, then 5 Year CMT + 2.915%), 08/10/2026 (E)(G)		59,000		57,788
The Goodyear Tire & Rubber Company 5.250%, 04/30/2031		70,000		66,150
The Hertz Corp.
5.000%, 12/01/2029 (D)(G)		3,000		2,393

 

139

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
United States (continued)
The Hertz Corp. (continued)
12.625%, 07/15/2029 (D)	$	3,000	$	3,180
The Michaels Companies, Inc. 5.250%, 05/01/2028 (D)		7,000		6,443
TopBuild Corp. 5.625%, 01/31/2034 (D)		125,000		124,546
Transocean International, Ltd. 8.750%, 02/15/2030 (D)		187,500		197,282
Tronox, Inc.
4.625%, 03/15/2029 (D)		75,000		48,919
9.125%, 09/30/2030 (D)(G)		79,000		77,398
USA Compression Partners LP 6.250%, 10/01/2033 (D)		15,000		15,057
Velocity Vehicle Group LLC 8.000%, 06/01/2029 (D)		12,000		12,031
Viatris, Inc.
3.850%, 06/22/2040		165,000		125,826
4.000%, 06/22/2050		180,000		122,800
VT Topco, Inc. 8.500%, 08/15/2030 (D)		120,000		122,089
WarnerMedia Holdings, Inc.
4.279%, 03/15/2032		5,000		4,581
4.693%, 05/17/2033	EUR	125,000		141,585
5.050%, 03/15/2042	$	9,000		7,185
Weatherford International, Ltd. 6.750%, 10/15/2033 (D)		95,000		95,066
Wells Fargo & Company 3.900%, (3.900% to 3-15-26, then 5 Year CMT + 3.453%), 03/15/2026 (E)		39,000		38,621
Westlake Chemical Corp. 4.375%, 11/15/2047		66,000		52,076
Westlake Corp. 2.875%, 08/15/2041		119,000		81,973
Whirlpool Corp. 6.500%, 06/15/2033		65,000		64,866
Windsor Holdings III LLC 8.500%, 06/15/2030 (D)		15,000		15,857
XPLR Infrastructure Operating Partners LP
8.375%, 01/15/2031 (D)		60,000		62,880
8.625%, 03/15/2033 (D)		60,000		62,921
ZF North America Capital, Inc. 7.500%, 03/24/2031 (D)		150,000		148,979
Zions Bancorp NA 6.816%, (6.816% to 11-19-34, then Overnight SOFR + 2.830%), 11/19/2035		340,000		361,405
				9,146,688
TOTAL CORPORATE BONDS (Cost $16,233,353)			$	16,501,187
CONVERTIBLE BONDS - 10.2%
Canada - 0.1%
Advantage Energy, Ltd. 5.000%, 06/30/2029 (D)	CAD	90,000		70,913
Cayman Islands - 0.0%
Seagate HDD Cayman 3.500%, 06/01/2028	$	13,000		37,440
China - 0.1%
Alibaba Group Holding, Ltd. 0.500%, 06/01/2031		52,000		95,524
H World Group, Ltd. 3.000%, 05/01/2026		20,000		22,156
JD.com, Inc. 0.250%, 06/01/2029		50,000		53,600

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
China (continued)
Li Auto, Inc. 0.250%, 05/01/2028	$	6,000	$	6,837
Smart Insight International, Ltd. 4.500%, 12/05/2023 (F)	HKD	2,000,000		25,786
				203,903
France - 0.2%
Accor SA 0.700%, 12/07/2027	EUR	50,000		31,386
Ubisoft Entertainment SA 2.875%, 12/05/2031		300,000		286,014
				317,400
India - 0.0%
MakeMyTrip, Ltd., Zero Coupon 0.000%, 07/01/2030 (D)	$	10,000		10,324
Israel - 0.0%
Wix.com, Ltd., Zero Coupon 0.000%, 09/15/2030 (D)		33,000		36,036
Italy - 0.4%
Eni SpA 2.950%, 09/14/2030	EUR	500,000		608,469
Japan - 0.2%
ANA Holdings, Inc., Zero Coupon 0.000%, 12/10/2031	JPY	10,000,000		74,382
Nxera Pharma Company, Ltd. 0.250%, 12/14/2028		30,000,000		192,717
				267,099
Luxembourg - 0.1%
Arrival SA 3.500%, 12/01/2026 (D)(F)	$	515,000		26
Mitsubishi UFJ Investor Services & Banking Luxembourg SA 6.517%, (3 month EURIBOR + 4.500%), 12/15/2050 (H)	EUR	100,000		74,502
				74,528
Singapore - 0.0%
Trip.com Group, Ltd. 0.750%, 06/15/2029	$	20,000		25,490
Spain - 0.3%
Cellnex Telecom SA 0.750%, 11/20/2031	EUR	400,000		424,154
Switzerland - 0.3%
STMicroelectronics NV 1.000%, 08/04/2027 (C)	$	400,000		392,625
United Kingdom - 0.2%
Immunocore Holdings PLC 2.500%, 02/01/2030 (G)		305,000		274,897
United States - 8.3%
3D Systems Corp. 11.626%, 11/15/2026 (C)		13,000		11,466
AeroVironment, Inc., Zero Coupon 0.000%, 07/15/2030		9,000		11,151
Affirm Holdings, Inc. 0.750%, 12/15/2029 (D)		10,000		10,860
Akamai Technologies, Inc. 1.125%, 02/15/2029		15,000		14,070
Alarm.com Holdings, Inc. 5.577%, 01/15/2026 (C)		20,000		19,680
Alliant Energy Corp. 3.250%, 05/30/2028 (D)		1,045,000		1,076,873
Alnylam Pharmaceuticals, Inc. 0.314%, 09/15/2028 (C)(D)		45,000		44,578

 

140

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
United States (continued)
American Water Capital Corp. 3.625%, 06/15/2026	$	965,000	$	966,351
Apellis Pharmaceuticals, Inc. 3.500%, 09/15/2026		60,000		62,010
AST SpaceMobile, Inc. 4.250%, 03/01/2032 (D)		2,000		4,189
Bandwidth, Inc. 0.250%, 03/01/2026		27,000		26,275
Beyond Meat, Inc., Zero Coupon 0.000%, 03/15/2027		130,000		25,675
BILL Holdings, Inc. 2.585%, 04/01/2030 (C)(D)		80,000		71,200
BioMarin Pharmaceutical, Inc. 1.250%, 05/15/2027		70,000		66,360
Block, Inc. 0.250%, 11/01/2027 (G)		75,000		68,213
Boston Properties LP 2.000%, 10/01/2030 (D)		71,000		70,716
Cable One, Inc. 1.125%, 03/15/2028		11,000		9,389
Cloudflare, Inc., Zero Coupon
0.000%, 08/15/2026		20,000		24,914
0.000%, 06/15/2030 (D)		39,000		44,285
Coinbase Global, Inc. 0.250%, 04/01/2030		17,000		21,344
Coinbase Global, Inc., Zero Coupon 0.000%, 10/01/2032 (D)		18,000		19,881
Commvault Systems, Inc., Zero Coupon 0.000%, 09/15/2030 (D)		20,000		20,640
Cytokinetics, Inc.
1.750%, 10/01/2031 (D)		8,000		9,155
3.500%, 07/01/2027 (G)		255,000		330,544
Datadog, Inc. 0.238%, 12/01/2029 (C)(D)		110,000		108,900
DexCom, Inc. 0.375%, 05/15/2028		300,000		273,450
Digital Realty Trust LP 1.875%, 11/15/2029 (D)		30,000		31,500
DoorDash, Inc., Zero Coupon 0.000%, 05/15/2030 (D)		25,000		28,413
DraftKings Holdings, Inc. 4.436%, 03/15/2028 (C)		20,000		17,950
Dropbox, Inc., Zero Coupon 0.000%, 03/01/2028		22,000		22,704
EchoStar Corp. 3.875%, (0.000% Cash and 3.875% PIK), 11/30/2030 (G)		5,000		12,300
Enphase Energy, Inc. 6.036%, 03/01/2028 (C)		290,000		251,167
Etsy, Inc.
0.125%, 09/01/2027		365,000		335,713
1.000%, 06/15/2030 (D)		26,000		28,340
Euronet Worldwide, Inc. 0.625%, 10/01/2030 (D)		35,000		33,338
Evergy, Inc. 4.500%, 12/15/2027		7,000		8,796
Evolent Health, Inc. 3.500%, 12/01/2029		320,000		256,160
Exact Sciences Corp.
0.375%, 03/15/2027 (G)		40,000		38,380
1.750%, 04/15/2031 (D)		270,000		251,227
2.000%, 03/01/2030 (D)		18,000		18,668
FirstEnergy Corp.
3.625%, 01/15/2029 (D)		545,000		577,864
3.875%, 01/15/2031 (D)		480,000		517,920

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
United States (continued)
Five9, Inc. 1.000%, 03/15/2029	$	220,000	$	194,370
Fluor Corp. 1.125%, 08/15/2029		37,000		43,901
GameStop Corp., Zero Coupon 0.000%, 04/01/2030 (D)		18,000		20,421
Global Payments, Inc. 1.500%, 03/01/2031		395,000		361,526
Granite Construction, Inc. 3.250%, 06/15/2030		15,000		22,943
Guardant Health, Inc. 1.250%, 02/15/2031		73,000		94,865
Guidewire Software, Inc. 1.250%, 11/01/2029 (D)		30,000		34,891
Haemonetics Corp. 2.500%, 06/01/2029		15,000		13,840
HAT Holdings I LLC 3.750%, 08/15/2028 (D)		17,000		21,242
Integer Holdings Corp. 1.875%, 03/15/2030 (D)		30,000		29,070
Ionis Pharmaceuticals, Inc. 1.750%, 06/15/2028		70,000		96,731
Itron, Inc. 1.375%, 07/15/2030		15,000		17,190
JBT Marel Corp. 0.375%, 09/15/2030 (D)		23,000		22,345
Lantheus Holdings, Inc. 2.625%, 12/15/2027		12,000		12,606
Live Nation Entertainment, Inc. 2.875%, 01/15/2030 (D)		30,000		33,255
Lumentum Holdings, Inc. 1.500%, 12/15/2029		25,000		60,338
MARA Holdings, Inc., Zero Coupon 0.000%, 08/01/2032 (D)(G)		12,000		12,858
Merit Medical Systems, Inc. 3.000%, 02/01/2029 (D)		19,000		22,078
Meritage Homes Corp. 1.750%, 05/15/2028		45,000		46,056
Microchip Technology, Inc. 0.750%, 06/01/2030		37,000		35,872
MKS, Inc. 1.250%, 06/01/2030		15,000		16,425
MP Materials Corp. 0.250%, 04/01/2026 (D)		84,000		128,520
NCL Corp., Ltd.
0.750%, 09/15/2030 (D)		46,000		46,403
0.875%, 04/15/2030 (D)		22,000		25,891
NextEra Energy Capital Holdings, Inc. 3.000%, 03/01/2027		20,000		23,620
Northern Oil & Gas, Inc. 3.625%, 04/15/2029		20,000		20,030
Nutanix, Inc. 0.500%, 12/15/2029 (D)		70,000		78,799
Okta, Inc. 0.375%, 06/15/2026		65,000		63,081
ON Semiconductor Corp. 0.500%, 03/01/2029		115,000		106,107
Parsons Corp. 2.625%, 03/01/2029		95,000		108,300
Pebblebrook Hotel Trust 1.750%, 12/15/2026		70,000		68,984
PG&E Corp. 4.250%, 12/01/2027		545,000		551,159
Redfin Corp. 0.500%, 04/01/2027		17,000		15,700

 

141

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
United States (continued)
Repay Holdings Corp. 2.875%, 07/15/2029 (D)(G)	$	70,000	$	61,600
Repligen Corp. 1.000%, 12/15/2028		10,000		10,030
Rexford Industrial Realty LP 4.125%, 03/15/2029 (D)		295,000		297,065
RingCentral, Inc. 5.762%, 03/15/2026 (C)(G)		70,000		68,215
Rivian Automotive, Inc. 3.625%, 10/15/2030		35,000		32,151
Semtech Corp. 1.625%, 11/01/2027		18,000		35,415
Shift4 Payments, Inc. 0.500%, 08/01/2027		15,000		14,761
Snap, Inc. 0.125%, 03/01/2028		470,000		419,005
Snowflake, Inc., Zero Coupon 0.000%, 10/01/2029		21,000		32,876
Spotify USA, Inc., Zero Coupon 0.000%, 03/15/2026		20,000		27,330
Stem, Inc. 0.500%, 12/01/2028 (D)		20,000		5,700
Strategy, Inc., Zero Coupon 0.000%, 03/01/2030 (D)		48,000		50,520
Sunnova Energy International, Inc.
0.250%, 12/01/2026 (F)		390,000		195
2.625%, 02/15/2028 (F)		50,000		25
Sunrun, Inc. 4.000%, 03/01/2030		90,000		122,292
Super Micro Computer, Inc., Zero Coupon 0.000%, 06/15/2030 (D)		14,000		15,449
Synaptics, Inc. 0.750%, 12/01/2031 (D)		18,000		17,721
Teladoc Health, Inc. 1.250%, 06/01/2027		230,000		214,819
Tetra Tech, Inc. 2.250%, 08/15/2028		60,000		64,800
The Southern Company
3.250%, 06/15/2028 (D)		1,050,000		1,062,600
4.500%, 06/15/2027		30,000		33,345
Tyler Technologies, Inc. 0.250%, 03/15/2026		15,000		16,463
Uber Technologies, Inc. 0.875%, 12/01/2028		20,000		29,400
Unity Software, Inc., Zero Coupon 0.000%, 03/15/2030 (D)		35,000		47,272
Ventas Realty LP 3.750%, 06/01/2026		15,000		19,373
Vishay Intertechnology, Inc. 2.250%, 09/15/2030		70,000		63,566
Wayfair, Inc. 3.250%, 09/15/2027		4,000		6,095
WEC Energy Group, Inc.
3.375%, 06/01/2028 (D)		350,000		361,550
4.375%, 06/01/2029		38,000		46,607
Welltower OP LLC 2.750%, 05/15/2028 (D)		25,000		46,775
Western Digital Corp. 3.000%, 11/15/2028 (G)		15,000		48,113
Zscaler, Inc. 0.302%, 07/15/2028 (C)(D)		245,000		242,918
				11,806,072
TOTAL CONVERTIBLE BONDS (Cost $15,148,330)			$	14,549,350

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (I) - 2.4%
United States - 2.4%
ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 12/21/2028	$	57,750	$	57,596
Acrisure LLC, 2024 1st Lien Term Loan B6 (1 month CME Term SOFR + 3.000%) 7.163%, 11/06/2030		99,002		98,724
Asurion LLC, 2021 2nd Lien Term Loan B3 (1 month CME Term SOFR + 5.250%) 9.528%, 01/31/2028		145,000		141,013
Asurion LLC, 2025 Term Loan B13 (1 month CME Term SOFR + 4.250%) 8.413%, 09/19/2030		107,858		107,095
AthenaHealth Group, Inc., 2022 Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 02/15/2029		27,340		27,272
Berlin Packaging LLC, 2025 Term Loan B7 (1 and 3 month CME Term SOFR + 3.250%) 7.530%, 06/07/2031		164,509		164,920
Caesars Entertainment, Inc., Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 02/06/2030		85,575		85,285
Cinemark USA, Inc., 2025 Term Loan B (1 and 3 month CME Term SOFR + 2.250%) 6.252%, 05/24/2030		121,903		121,877
CRC Insurance Group LLC, 2024 Term Loan B (3 month CME Term SOFR + 2.750%) 6.752%, 05/06/2031		45,968		45,896
Flynn Restaurant Group LP, 2025 Incremental Term Loan (1 month CME Term SOFR + 3.750%) 7.913%, 01/28/2032		99,500		99,594
Fortress Intermediate 3, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.000%) 7.255%, 06/27/2031		145,756		146,120
Hanesbrands, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 03/07/2032		39,497		39,596
Hobbs & Associates LLC, Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 07/23/2031		99,727		99,594
HUB International, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.575%, 06/20/2030		87,844		87,951
IRB Holding Corp., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.500%) 6.663%, 12/15/2027		96,048		96,053
LBM Acquisition LLC, 2024 Incremental Term Loan B (1 month CME Term SOFR + 3.750%) 7.986%, 06/06/2031		98,782		96,233
Lsf12 Crown US Commercial Bidco LLC, 2025 Term Loan B 12/02/2031 TBD (J)		99,276		99,338
Medline Borrower LP, 2025 Term Loan B (1 month CME Term SOFR + 2.000%) 6.163%, 10/23/2030		88,661		88,606
MH Sub I LLC, 2023 Term Loan (3 month CME Term SOFR + 4.250%) 8.252%, 05/03/2028		57,470		55,196
MH Sub I LLC, 2024 Term Loan B4 (1 month CME Term SOFR + 4.250%) 8.413%, 12/31/2031		38,898		35,737

 

142

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (I) (continued)
United States (continued)
Oryx Midstream Services Permian Basin LLC, 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.416%, 10/05/2028	$	95,353	$	95,299
Owens-Brockway Glass Container, Inc., 2025 Term Loan B 09/30/2032 TBD (J)		215,000		214,463
Peer USA LLC, 2025 USD Term Loan B 09/27/2032 TBD (J)		225,000		225,000
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 02/10/2032		99,500		99,432
Sedgwick Claims Management Services, Inc., 2023 Term Loan B (1 month CME Term SOFR + 2.500%) 6.663%, 07/31/2031		190,611		190,314
The Michaels Companies, Inc., 2021 Term Loan B (3 month CME Term SOFR + 4.250%) 8.513%, 04/17/2028		124,475		117,318
TransDigm, Inc., 2023 Term Loan J (3 month CME Term SOFR + 2.500%) 6.502%, 02/28/2031		163,020		162,914
UKG, Inc., 2024 Term Loan B (3 month CME Term SOFR + 2.500%) 6.810%, 02/10/2031		99,000		98,872
USI, Inc., 2024 Term Loan D (3 month CME Term SOFR + 2.250%) 6.252%, 11/21/2029		195,806		195,546
Varsity Brands, Inc., 2025 1st Lien Term Loan 08/26/2031 TBD (J)		100,000		99,950
Windsor Holdings III LLC, 2025 USD Term Loan B (1 month CME Term SOFR + 2.750%) 6.916%, 08/01/2030		112,716		112,716
				3,405,520
TOTAL TERM LOANS (Cost $3,406,535)			$	3,405,520
COLLATERALIZED MORTGAGE OBLIGATIONS - 5.2%
Commercial and residential - 2.3%
ALA Trust, Series 2025-OANA, Class A (1 month CME Term SOFR + 1.743%), 5.894%, 06/15/2040 (D)(H)		75,000		75,375
Angel Oak Mortgage Trust, Series 2020-3, Class M1, 3.809%, 04/25/2065 (D)(K)		180,000		171,383
BAHA Trust, Series 2024-MAR, Class C, 7.766%, 12/10/2041 (D)(K)		100,000		104,111
BANK
Series 2018-BN15, Class B, 4.807%, 11/15/2061 (K)		50,000		47,137
Series 2021-BN37, Class XA IO, 0.691%, 11/15/2064		983,335		22,418
Series 2022-BNK42, Class AS, 4.880%, 06/15/2055 (K)		60,000		58,215
BANK5, Series 2023-5YR4, Class C, 7.858%, 12/15/2056 (K)		60,000		63,598
BBCMS Mortgage Trust
Series 2023-5C23, Class C, 7.703%, 12/15/2056 (K)		75,000		78,007
Series 2024-5C25, Class C, 6.643%, 03/15/2057 (K)		20,000		20,522
Series 2024-5C27, Class C, 6.700%, 07/15/2057 (K)		20,000		20,653

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BBCMS Mortgage Trust (continued)
Series 2024-C26, Class C, 6.000%, 05/15/2057 (K)	$	90,000	$	90,845
Series 2025-C32, Class C, 6.125%, 02/15/2062		55,000		55,661
Benchmark Mortgage Trust
Series 2018-B1, Class AM, 3.878%, 01/15/2051 (K)		85,000		82,579
Series 2018-B5, Class C, 4.749%, 07/15/2051 (K)		90,000		78,404
Series 2020-B16, Class AM, 2.944%, 02/15/2053 (K)		60,000		54,512
Series 2024-V6, Class C, 6.669%, 03/15/2057		20,000		20,569
BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class B (1 month CME Term SOFR + 1.842%), 5.992%, 11/15/2041 (D)(H)		55,000		55,103
BPR Trust, Series 2024-PMDW, Class C, 5.850%, 11/05/2041 (D)(K)		10,000		10,078
BRAVO Residential Funding Trust, Series 2020-NQM1, Class M1, 3.181%, 05/25/2060 (D)(K)		180,000		174,105
BX Commercial Mortgage Trust
Series 2021-VOLT, Class E (1 month CME Term SOFR + 2.114%), 6.265%, 09/15/2036 (D)(H)		96,883		96,701
Series 2025-BCAT, Class A (1 month CME Term SOFR + 1.380%), 5.530%, 08/15/2042 (D)(H)		95,828		95,918
BX Trust
Series 2021-ARIA, Class D (1 month CME Term SOFR + 2.010%), 6.160%, 10/15/2036 (D)(H)		25,000		25,000
Series 2021-MFM1, Class D (1 month CME Term SOFR + 1.614%), 5.764%, 01/15/2034 (D)(H)		38,500		38,500
Series 2024-BRVE, Class B (1 month CME Term SOFR + 2.540%), 6.690%, 04/15/2026 (D)(H)		95,640		95,640
CFCRE Commercial Mortgage Trust, Series 2016-C6, Class B, 3.804%, 11/10/2049		60,000		55,672
COLT Mortgage Loan Trust, Series 2024-7, Class A3 (5.994% to 11-1-28, then 6.994% thereafter), 5.994%, 12/26/2069 (D)		87,493		88,094
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2014-CR15, Class B, 4.017%, 02/10/2047 (K)		22,461		21,957
Series 2014-CR15, Class C, 4.067%, 02/10/2047 (K)		35,000		33,557
Series 2014-CR19, Class D, 4.572%, 08/10/2047 (D)(K)		3,158		3,079
Series 2014-LC15, Class D, 4.919%, 04/10/2047 (D)(K)		78,383		76,894
CSMC Trust, Series 2021-NQM6, Class A2, 1.379%, 07/25/2066 (D)(K)		52,739		45,512
Ellington Financial Mortgage Trust
Series 2021-1, Class A1, 0.797%, 02/25/2066 (D)(K)		83,524		73,101

 

143

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Ellington Financial Mortgage Trust (continued)
Series 2025-INV3, Class A1 (5.444% to 7-1-29, then 6.444% thereafter), 5.444%, 07/25/2070 (D)	$	99,061	$	99,672
GCAT Trust, Series 2022-NQM2, Class A1, 4.210%, 02/25/2067 (D)(K)		67,535		67,291
GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487%, 03/10/2041 (D)(K)		100,000		100,262
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class B, 3.460%, 08/15/2049		70,000		64,607
JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class B, 4.660%, 09/15/2047 (K)		40,000		38,900
Pretium Mortgage Credit Partners LLC
Series 2021-RN4, Class A1, 5.487%, 10/25/2051 (D)(K)		51,899		51,902
Series 2025-RPL1, Class A1 (4.000% to 1-1-29, then 5.000% thereafter), 4.000%, 07/25/2069 (D)		93,860		91,120
PRPM LLC
Series 2025-2, Class A1 (6.469% to 5-1-28, then 9.469% to 5-1-29, then 10.469% thereafter), 6.469%, 05/25/2030 (D)		93,181		93,519
Series 2025-6, Class A1 (5.774% to 8-1-28, then 8.774% to 8-1-29, then 9.774% thereafter), 5.774%, 08/25/2028 (D)		95,247		95,346
ROCK Trust, Series 2024-CNTR, Class C, 6.471%, 11/13/2041 (D)		100,000		103,865
TRTX Issuer, Ltd., Series 2025-FL6, Class B (1 month CME Term SOFR + 2.046%), 6.182%, 09/18/2042 (D)(H)		100,000		99,875
Verus Securitization Trust
Series 2021-5, Class A1, 1.013%, 09/25/2066 (D)(K)		52,057		45,332
Series 2025-1, Class A3 (5.976% to 1-1-29, then 6.976% thereafter), 5.976%, 01/25/2070 (D)		90,345		90,981
WBHT Commercial Mortgage Trust, Series 2025-WBM, Class A (1 month CME Term SOFR + 1.742%), 5.892%, 06/15/2042 (D)(H)		100,000		100,000
WSTN Trust, Series 2023-MAUI, Class B, 7.263%, 07/05/2037 (D)(K)		30,000		30,518
				3,206,090
U.S. Government Agency - 2.9%
Federal Home Loan Mortgage Corp.
Series 2020-DNA6, Class B1 (30 day Average SOFR + 3.000%), 7.356%, 12/25/2050 (D)(H)		35,000		37,393
Series 2021-DNA6, Class M2 (30 day Average SOFR + 1.500%), 5.856%, 10/25/2041 (D)(H)		160,924		161,352

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-DNA7, Class B2 (30 day Average SOFR + 7.800%), 12.156%, 11/25/2041 (D)(H)	$	15,000	$	15,894
Series 2021-HQA3, Class M2 (30 day Average SOFR + 2.100%), 6.456%, 09/25/2041 (D)(H)		190,000		191,009
Series 2022-DNA1, Class B1 (30 day Average SOFR + 3.400%), 7.756%, 01/25/2042 (D)(H)		175,000		179,040
Series 2022-DNA1, Class B2 (30 day Average SOFR + 7.100%), 11.456%, 01/25/2042 (D)(H)		15,000		15,906
Series 2022-DNA5, Class M2 (30 day Average SOFR + 6.750%), 11.106%, 06/25/2042 (D)(H)		75,000		81,741
Series 2022-HQA1, Class M2 (30 day Average SOFR + 5.250%), 9.606%, 03/25/2042 (D)(H)		470,000		495,223
Series 2023-DNA1, Class M2 (30 day Average SOFR + 5.500%), 9.848%, 03/25/2043 (D)(H)		35,000		37,984
Series 2023-DNA2, Class B1 (30 day Average SOFR + 7.600%), 11.948%, 04/25/2043 (D)(H)		20,000		22,506
Series 2024-DNA1, Class M2 (30 day Average SOFR + 1.950%), 6.306%, 02/25/2044 (D)(H)		100,000		101,044
Series 2024-DNA3, Class M2 (30 day Average SOFR + 1.450%), 5.806%, 10/25/2044 (D)(H)		70,000		70,021
Series 2024-MN9, Class M1 (30 day Average SOFR + 2.450%), 6.798%, 10/25/2044 (D)(H)		24,091		24,265
Series 2025-DNA1, Class M2 (30 day Average SOFR + 1.350%), 5.706%, 01/25/2045 (D)(H)		35,000		34,847
Series 2025-DNA2, Class A1 (30 day Average SOFR + 1.100%), 5.456%, 05/25/2045 (D)(H)		17,000		17,042
Series 2025-DNA3, Class M2 (30 day Average SOFR + 1.500%), 5.870%, 09/25/2045 (D)(H)		30,000		30,019
Series 2025-HQA1, Class M2 (30 day Average SOFR + 1.650%), 6.006%, 02/25/2045 (D)(H)		30,000		30,000
Series 2025-MN10, Class M1 (30 day Average SOFR + 2.050%), 6.405%, 02/25/2045 (D)(H)		98,378		97,567
Series 2025-MN11, Class M2 (30 day Average SOFR + 2.650%), 7.006%, 07/25/2045 (D)(H)		60,000		59,958
Series 324, Class C18 IO, 4.000%, 12/15/2033		135,537		11,394
Series 400, Class C4 IO, 3.000%, 12/25/2052		123,145		22,088
Series 405, Class C17 IO, 2.500%, 08/25/2052		107,092		16,723
Series 4446, Class BI IO, 6.500%, 04/15/2039		59,401		10,934
Series 4975, Class EI IO, 4.500%, 05/25/2050		101,762		20,156

 

144

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 5158, Class GI, 3.500%, 06/25/2049	$	80,596	$	14,424
Series 5462, Class S IO, 1.644%, 10/25/2054		113,820		8,835
Series 5543, Class DZ, 5.000%, 06/25/2055		193,187		183,827
Series K103, Class X1 IO, 0.752%, 11/25/2029		998,466		22,666
Series K106, Class X3 IO, 1.974%, 03/25/2048		490,000		34,065
Series K122, Class X1 IO, 0.961%, 11/25/2030		97,878		3,601
Series K129, Class X3 IO, 3.270%, 05/25/2031		165,000		24,325
Series K737, Class X1 IO, 0.723%, 10/25/2026		426,820		2,065
Series K740, Class X3 IO, 2.564%, 11/25/2047		135,000		6,048
Series K742, Class X3, IO, 2.685%, 04/25/2028		100,000		6,074
Series Q014, Class X IO, 2.773%, 10/25/2055		145,467		21,171
Federal National Mortgage Association
Series 2016-C03, Class 1B (30 day Average SOFR + 11.864%), 16.221%, 10/25/2028 (H)		29,663		31,229
Series 2016-C04, Class 1B (30 day Average SOFR + 10.364%), 14.721%, 01/25/2029 (H)		29,398		31,258
Series 2016-C06, Class 1B (30 day Average SOFR + 9.364%), 13.721%, 04/25/2029 (H)		34,469		36,942
Series 2021-3, Class NI IO, 2.500%, 02/25/2051		189,921		28,794
Series 2021-67, Class IG IO, 3.000%, 10/25/2051		111,749		18,433
Series 2021-R03, Class 1B2 (30 day Average SOFR + 5.500%), 9.856%, 12/25/2041 (D)(H)		75,000		77,643
Series 2022-R02, Class 2B1 (30 day Average SOFR + 4.500%), 8.856%, 01/25/2042 (D)(H)		175,000		181,454
Series 2022-R03, Class 1B1 (30 day Average SOFR + 6.250%), 10.606%, 03/25/2042 (D)(H)		69,000		73,701
Series 2022-R04, Class 1B1 (30 day Average SOFR + 5.250%), 9.606%, 03/25/2042 (D)(H)		165,000		174,473
Series 2022-R05, Class 2B1 (30 day Average SOFR + 4.500%), 8.856%, 04/25/2042 (D)(H)		70,000		73,167
Series 2023-2, Class CI IO, 2.000%, 10/25/2050		83,638		10,791
Series 2023-R01, Class 1B1 (30 day Average SOFR + 5.100%), 9.448%, 12/25/2042 (D)(H)		20,000		21,413
Series 2023-R02, Class 1M2 (30 day Average SOFR + 3.350%), 7.706%, 01/25/2043 (D)(H)		40,000		41,750
Series 2023-R03, Class 2M2 (30 day Average SOFR + 3.900%), 8.256%, 04/25/2043 (D)(H)		35,000		37,012

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
Series 2023-R05, Class 1M2 (30 day Average SOFR + 3.100%), 7.448%, 06/25/2043 (D)(H)	$	36,000	$	37,395
Series 2023-R06, Class 1B1 (30 day Average SOFR + 3.900%), 8.256%, 07/25/2043 (D)(H)		20,000		21,038
Series 2023-R06, Class 1M2 (30 day Average SOFR + 2.700%), 7.056%, 07/25/2043 (D)(H)		110,000		113,658
Series 2023-R08, Class 1B1 (30 day Average SOFR + 3.550%), 7.906%, 10/25/2043 (D)(H)		35,000		36,531
Series 2024-86, Class SA IO, 0.694%, 12/25/2054		183,922		6,656
Series 2024-R02, Class 1B1 (30 day Average SOFR + 2.500%), 6.856%, 02/25/2044 (D)(H)		60,000		61,013
Series 2024-R04, Class 1M2 (30 day Average SOFR + 1.650%), 6.006%, 05/25/2044 (D)(H)		90,000		90,169
Series 2024-R05, Class 2B1 (30 day Average SOFR + 2.000%), 6.356%, 07/25/2044 (D)(H)		35,000		35,000
Series 2025-22, Class AZ, 5.000%, 04/25/2055		184,527		175,131
Series 2025-44, Class ZA, 5.000%, 06/25/2055		183,019		166,838
Series 2025-R01, Class 1B1 (30 day Average SOFR + 1.700%), 6.048%, 01/25/2045 (D)(H)		60,000		59,738
Series 2025-R03, Class 2M2 (30 day Average SOFR + 2.250%), 6.606%, 03/25/2045 (D)(H)		110,000		111,788
Series 2025-R04, Class 1M2 (30 day Average SOFR + 1.500%), 5.856%, 05/25/2045 (D)(H)		30,000		30,116
Series 2025-R05, Class 2A1 (30 day Average SOFR + 1.000%), 5.356%, 07/25/2045 (D)(H)		42,386		42,459
Series 2025-R05, Class 2M2 (30 day Average SOFR + 1.600%), 5.956%, 07/25/2045 (D)(H)		70,000		70,244
Series 410, Class C8 IO, 4.000%, 04/25/2032		73,424		5,706
Series 437, Class C8 IO, 2.500%, 06/25/2052		108,049		17,443
Series 441, Class C5 IO, 2.000%, 04/25/2052		91,534		10,863
Government National Mortgage Association
Series 2015-62, Class CI IO, 4.500%, 05/20/2045		107,536		24,062
Series 2017-130, Class IO, 4.500%, 02/20/2040		106,684		18,706
Series 2018-168, Class AI IO, 5.000%, 12/16/2048		89,488		18,404
Series 2020-146, Class IA IO, 3.500%, 11/20/2041		157,917		24,489

 

145

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Government National Mortgage Association (continued)
Series 2021-142, Class BI, 3.500%, 08/20/2051	$	113,904	$	21,113
				4,147,827
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $7,251,617)			$	7,353,917
ASSET-BACKED SECURITIES - 3.8%
AASET Trust, Series 2024-1A, Class A1, 6.261%, 05/16/2049 (D)		232,795		240,326
Arbor Realty Commercial Real Estate Notes, Ltd., Series 2021-FL3, Class B (1 month CME Term SOFR + 1.714%), 5.865%, 08/15/2034 (D)(H)		110,000		109,994
Bain Capital Credit CLO, Ltd.
Series 2021-3A, Class CR (3 month CME Term SOFR + 1.900%), 6.219%, 07/24/2034 (D)(H)		100,000		100,054
Series 2020-5A, Class DRR (3 month CME Term SOFR + 2.900%), 7.085%, 04/20/2034 (D)(H)		250,000		249,993
Benefit Street Partners CLO XXII, Ltd., Series 2020-22A, Class CRR (3 month CME Term SOFR + 1.750%), 6.075%, 04/20/2035 (D)(H)		250,000		250,022
BlueMountain CLO, Ltd., Series 2018-2A, Class D (3 month CME Term SOFR + 3.412%), 7.623%, 08/15/2031 (D)(H)		250,000		250,678
DataBank Issuer, Series 2021-2A, Class A2, 2.400%, 10/25/2051 (D)		55,000		53,418
Domino's Pizza Master Issuer LLC
Series 2019-1A, Class A2, 3.668%, 10/25/2049 (D)		48,000		46,171
Series 2021-1A, Class A2I, 2.662%, 04/25/2051 (D)		97,250		91,936
FirstKey Homes Trust, Series 2022-SFR1, Class C, 4.642%, 05/19/2039 (D)		105,000		104,331
Flatiron CLO 20, Ltd., Series 2020-1A, Class CR (3 month CME Term SOFR + 2.350%), 6.554%, 05/20/2036 (D)(H)		150,000		150,000
Flatiron CLO 23 LLC, Series 2023-1A, Class CR (3 month CME Term SOFR + 1.800%), 6.122%, 04/17/2036 (D)(H)		250,000		250,572
Greystone Commercial Real Estate Notes, Ltd., Series 2021-FL3, Class B (1 month CME Term SOFR + 1.764%), 5.915%, 07/15/2039 (D)(H)		100,000		99,878
Hertz Vehicle Financing LLC
Series 2022-2A, Class C, 2.950%, 06/26/2028 (D)		100,000		96,475
Series 2021-2A, Class C, 2.520%, 12/27/2027 (D)		100,000		97,286
Hilton Grand Vacations Trust, Series 2024-3A, Class B, 5.270%, 08/27/2040 (D)		68,714		69,438

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Horizon Aircraft Finance I, Ltd., Series 2018-1, Class A, 4.458%, 12/15/2038 (D)	$	89,189	$	88,074
Horizon Aircraft Finance II, Ltd., Series 2019-1, Class A, 3.721%, 07/15/2039 (D)		69,807		68,410
Jersey Mike's Funding LLC, Series 2025-1A, Class A2, 5.610%, 08/16/2055 (D)		50,000		51,055
Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A, 2.636%, 10/15/2046 (D)		167,847		158,569
MAPS Trust, Series 2021-1A, Class A, 2.521%, 06/15/2046 (D)		55,456		53,038
OCP CLO, Ltd., Series 2015-9A, Class D1R3 (3 month CME Term SOFR + 2.500%), 6.818%, 01/15/2037 (D)(H)		250,000		249,633
OneMain Direct Auto Receivables Trust, Series 2025-1A, Class D, 6.100%, 07/14/2037 (D)		100,000		101,863
Palmer Square Loan Funding, Ltd., Series 2025-1A, Class C (3 month CME Term SOFR + 2.250%), 6.461%, 02/15/2033 (D)(H)		250,000		249,983
Progress Residential Trust
Series 2022-SFR1, Class E1, 3.930%, 02/17/2041 (D)		150,000		144,044
Series 2022-SFR4, Class C, 4.888%, 05/17/2041 (D)		100,000		99,398
Series 2022-SFR7, Class D, 5.500%, 10/27/2039 (D)		100,000		99,794
Series 2024-SFR3, Class E1, 4.000%, 06/17/2041 (D)		100,000		94,324
Series 2021-SFR9, Class F, 4.053%, 11/17/2040 (D)		100,000		95,002
Series 2025-SFR5, Class B, 4.000%, 10/17/2042 (D)		100,000		95,778
Rockford Tower CLO, Ltd., Series 2021-1A, Class B (3 month CME Term SOFR + 1.912%), 6.237%, 07/20/2034 (D)(H)		250,000		250,213
Slam, Ltd., Series 2024-1A, Class A, 5.335%, 09/15/2049 (D)		93,674		94,387
Sonic Capital LLC, Series 2020-1A, Class A2I, 3.845%, 01/20/2050 (D)		90,171		88,866
STAR Trust, Series 2025-SFR6, Class A (1 month CME Term SOFR + 1.400%), 5.551%, 08/17/2042 (D)(H)		100,000		100,209
Start II, Ltd., Series 2019-1, Class A, 4.089%, 03/15/2044 (D)		82,274		81,763
Subway Funding LLC, Series 2024-1A, Class A2I, 6.028%, 07/30/2054 (D)		69,475		70,434
Switch ABS Issuer LLC, Series 2025-1A, Class A2, 5.036%, 03/25/2055 (D)		50,000		49,536
Symphony CLO XXII, Ltd., Series 2020-22A, Class CR (3 month CME Term SOFR + 2.100%), 6.429%, 04/18/2033 (D)(H)		250,000		250,019
Symphony CLO XXIX, Ltd., Series 2021-29A, Class CR (3 month CME Term SOFR + 1.900%), 6.183%, 10/15/2035 (D)(H)		250,000		250,966

 

146

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Taco Bell Funding LLC, Series 2025-1A, Class A2I, 4.821%, 08/25/2055 (D)	$	85,000	$	85,178
Texas Natural Gas Securitization Finance Corp., Series 2023-1, Class A2, 5.169%, 04/01/2041		50,000		50,934
VCAT LLC, Series 2025-NPL1, Class A1 (5.877% to 1-25-28, then 8.877% to 1-25-29, then 9.877% thereafter), 5.877%, 01/25/2055 (D)		80,423		80,595
VOLT CII LLC, Series 2021-NP11, Class A1, 5.868%, 08/25/2051 (D)		45,313		45,300
Willis Engine Structured Trust IV, Series 2018-A, Class A, 4.750%, 09/15/2043 (D)		27,863		27,790
TOTAL ASSET-BACKED SECURITIES (Cost $5,398,842)			$	5,435,727
COMMON STOCKS - 0.0%
Hong Kong - 0.0%
Yuzhou Group Holdings Company, Ltd. (L)(M)		30,226		990
Mexico - 0.0%
Unifin Financiera SAB de CV (L)(M)		27,653		0
TOTAL COMMON STOCKS (Cost $108,654)			$	990
PREFERRED SECURITIES - 3.0%
Bermuda - 0.0%
Enstar Group, Ltd., 7.000% (7.000% to 9-1-28, then 3 month LIBOR + 4.015%)		3,337		79,421
United States - 3.0%
AGNC Investment Corp., 7.750% (7.750% to 10-15-27, then 5 Year CMT + 4.390%)		10,000		251,800
AGNC Investment Corp., 9.276% (3 month CME Term SOFR + 4.959%) (H)		10,000		253,600
Albemarle Corp., 7.250%		3,644		138,035
Ares Management Corp., 6.750%		700		34,783
Array Digital Infrastructure, Inc., 5.500%		250		4,695
Bank of America Corp., 7.250%		784		1,003,520
Citizens Financial Group, Inc., 6.500% (6.500% 10-6-30, then 5 Year CMT + 2.629%)		22,400		565,600
Citizens Financial Group, Inc., 7.375%		130		3,439
Comerica, Inc., 6.875% (6.875% to 10-1-30, then 5 Year CMT + 3.125%)		10,000		252,300
Corebridge Financial, Inc., 6.375%		1,597		39,206
DTE Energy Company, 6.250%		4,325		109,812
Federal Home Loan Mortgage Corp., Series Z, 8.375% (M)		675		10,557
Federal National Mortgage Association, Series S, 8.250% (M)		675		11,205
KKR & Company, Inc., 6.250%		929		48,633
Morgan Stanley, 6.625%		2,850		73,844
PG&E Corp., 6.000%		679		26,739
Sempra, 5.750% (G)		537		12,276
Stifel Financial Corp., 5.200%		574		12,209
Synchrony Financial, 8.250% (8.250% to 5-15-29, then 5 Year CMT + 4.044%)		3,884		100,518
The Boeing Company, 6.000%		1,222		85,015
The Southern Company, 6.500%		3,306		85,262
T-Mobile USA, Inc., 5.500% (G)		1,997		45,631
T-Mobile USA, Inc., 5.500%		2,199		49,807

Opportunistic Fixed Income Trust (continued)

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
United States (continued)
T-Mobile USA, Inc., 6.250%		1,029	$	25,519
Wells Fargo & Company, 7.500%		784		967,683
				4,211,688
TOTAL PREFERRED SECURITIES (Cost $4,077,792)			$	4,291,109
EXCHANGE-TRADED FUNDS - 9.9%
Invesco National AMT-Free Municipal Bond ETF (G)		72,700		1,678,643
iShares iBoxx $ High Yield Corporate Bond ETF		390		31,664
iShares National Muni Bond ETF (G)		63,000		6,708,870
Vanguard Tax-Exempt Bond Index ETF (G)		112,800		5,647,896
TOTAL EXCHANGE-TRADED FUNDS (Cost $13,681,411)			$	14,067,073
ESCROW CERTIFICATES - 0.0%
Unifin Financiera SAB de CV (M)	$	205,000		11,890
TOTAL ESCROW CERTIFICATES (Cost $114,614)			$	11,890
SHORT-TERM INVESTMENTS - 10.1%
Short-term funds - 10.1%
John Hancock Collateral Trust, 4.0668% (N)(O)		1,008,664		10,090,065
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (N)		4,207,624		4,207,624
TOTAL SHORT-TERM INVESTMENTS (Cost $14,298,001)			$	14,297,689
Total Investments (Opportunistic Fixed Income Trust) (Cost $184,740,333) - 130.1%			$	185,248,860
Other assets and liabilities, net - (30.1%)				(42,831,669)
TOTAL NET ASSETS - 100.0%			$	142,417,191
SALE COMMITMENTS OUTSTANDING - (11.1%)
U.S. Government Agency - (11.1)%
Federal National Mortgage Association
2.000%, TBA (B)	$	(920,000)	$	(741,463)
2.500%, TBA (B)		(725,000)		(681,670)
3.000%, TBA (B)		(1,231,000)		(1,081,212)
3.500%, TBA (B)		(200,000)		(182,742)
4.000%, TBA (B)		(1,440,000)		(1,356,919)
4.000%, TBA (B)		(950,000)		(895,004)
4.500%, TBA (B)		(350,000)		(339,473)
4.500%, TBA (B)		(160,000)		(155,125)
5.000%, TBA (B)		(3,041,000)		(3,014,035)
5.000%, TBA (B)		(3,365,000)		(3,337,002)
6.500%, TBA (B)		(1,945,000)		(2,009,960)
6.500%, TBA (B)		(970,000)		(1,003,041)
Government National Mortgage Association
4.500%, TBA (B)		(525,000)		(509,248)
4.500%, TBA (B)		(525,000)		(509,104)
TOTAL SALE COMMITMENTS OUTSTANDING (Proceeds received $15,862,620)			$	(15,815,998)

Currency Abbreviations
ARS	Argentine Peso
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CLP	Chilean Peso
COP	Colombian Peso
CZK	Czech Republic Koruna
EUR	Euro

 

147

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

GBP	Pound Sterling
HKD	Hong Kong Dollar
HUF	Hungarian Forint
IDR	Indonesian Rupiah
INR	Indian Rupee
ISK	Icelandic Krona
JPY	Japanese Yen
MXN	Mexican Peso
MYR	Malaysian Ringgit
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Nuevo Sol
PLN	Polish Zloty
RON	Romanian New Leu
THB	Thai Bhat
TRY	Turkish Lira
UYU	Uruguayan Peso
ZAR	South African Rand
Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offered Rate
ICE	Intercontinental Exchange
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate
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.

Opportunistic Fixed Income Trust (continued)

(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)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $33,055,501 or 23.2% of the fund's net assets as of 9-30-25.
(E)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F)	Non-income producing - Issuer is in default.
(G)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $9,854,492.
(H)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(I)	Term loans are variable rate obligations. The 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).
(K)	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.
(L)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(M)	Non-income producing security.
(N)	The rate shown is the annualized seven-day yield as of 9-30-25.
(O)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
10-Year Australian Treasury Bond Futures	50	Long	Dec 2025	$3,756,047	$3,750,239	$(5,808)
10-Year Canada Government Bond Futures	48	Long	Dec 2025	4,129,958	4,223,669	93,711
10-Year Japan Government Bond Futures	1	Long	Dec 2025	924,301	918,213	(6,088)
10-Year U.S. Treasury Note Futures	106	Long	Dec 2025	11,941,213	11,925,000	(16,213)
5-Year U.S. Treasury Note Futures	22	Long	Dec 2025	2,411,934	2,402,297	(9,637)
U.K. Long Gilt Bond Futures	13	Long	Dec 2025	1,586,203	1,588,219	2,016
U.S. Treasury Long Bond Futures	9	Long	Dec 2025	1,047,295	1,049,344	2,049
Ultra 10-Year U.S. Treasury Note Futures	44	Long	Dec 2025	5,040,203	5,063,438	23,235
Ultra U.S. Treasury Bond Futures	30	Long	Dec 2025	3,597,735	3,601,875	4,140
2-Year U.S. Treasury Note Futures	24	Short	Dec 2025	(5,004,556)	(5,001,563)	2,993
Euro SCHATZ Futures	33	Short	Dec 2025	(4,150,770)	(4,144,798)	5,972
Euro-BTP Italian Government Bond Futures	26	Short	Dec 2025	(3,620,185)	(3,658,154)	(37,969)
Euro-Buxl Futures	6	Short	Dec 2025	(798,396)	(806,432)	(8,036)
Euro-OAT Futures	5	Short	Dec 2025	(710,119)	(712,355)	(2,236)
German Euro BOBL Futures	2	Short	Dec 2025	(277,638)	(276,630)	1,008
German Euro BUND Futures	19	Short	Dec 2025	(2,874,667)	(2,868,006)	6,661
						$55,798

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

148

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
ARS	7,560,000	USD	5,196	BOA	11/7/2025	—	$(240)
ARS	43,245,000	USD	29,824	CITI	11/19/2025	—	(2,038)
AUD	14,100	USD	9,315	GSI	10/30/2025	$19	—
AUD	2,700,000	USD	1,783,994	BOA	10/31/2025	3,344	—
AUD	987,000	USD	650,770	CITI	10/31/2025	2,601	—
AUD	745,000	USD	491,953	HSBC	10/31/2025	1,220	—
AUD	249,000	USD	164,554	SCB	10/31/2025	278	—
BRL	53,403,000	USD	9,933,228	GSI	10/2/2025	100,686	—
BRL	8,178,000	USD	1,515,300	GSI	11/4/2025	8,950	—
BRL	145,000	USD	26,495	GSI	12/2/2025	361	—
BRL	591,000	USD	106,663	MSI	12/2/2025	2,798	—
CAD	5,000	USD	3,622	GSI	10/30/2025	—	(24)
CAD	1,470,000	USD	1,055,952	BARC	10/31/2025	1,832	—
CAD	1,469,000	USD	1,054,847	BOA	10/31/2025	2,217	—
CAD	1,490,000	USD	1,079,365	CITI	10/31/2025	—	(7,189)
CHF	6,500	USD	8,238	GSI	10/30/2025	—	(45)
CLP	11,000,000	USD	11,583	BOA	12/17/2025	—	(142)
CLP	21,500,000	USD	22,541	CITI	12/17/2025	—	(180)
CLP	14,340,000	USD	14,886	HSBC	12/17/2025	29	—
CNY	522,000	USD	73,818	HSBC	12/17/2025	—	(239)
CNY	1,895,000	USD	267,980	MSI	12/17/2025	—	(867)
COP	1,174,432,000	USD	301,043	MSI	10/30/2025	—	(2,526)
CZK	31,361,000	USD	1,516,720	CITI	10/30/2025	—	(3,228)
CZK	7,651,000	USD	368,417	GSI	12/17/2025	1,253	—
EGP	697,000	USD	12,469	HSBC	10/27/2025	1,918	—
EGP	530,000	USD	10,605	CITI	12/17/2025	81	—
EGP	2,290,000	USD	38,840	CITI	1/8/2026	6,897	—
EGP	2,380,000	USD	40,325	HSBC	1/8/2026	7,209	—
EGP	1,049,000	USD	18,102	CITI	1/26/2026	2,707	—
EGP	1,928,000	USD	33,293	CITI	1/27/2026	4,937	—
EGP	1,680,000	USD	30,303	CITI	10/5/2026	—	(32)
EUR	9,000	USD	10,593	CITI	10/30/2025	—	(9)
EUR	197,900	USD	233,865	GSI	10/30/2025	—	(1,124)
EUR	101,000	USD	119,404	HSBC	10/31/2025	—	(616)
EUR	29,000	USD	34,197	CITI	12/17/2025	——	——
EUR	25,000	USD	29,629	DB	12/17/2025	—	(149)
EUR	5,000	USD	5,896	MSI	12/17/2025	——	——
GBP	13,300	USD	17,984	BARC	10/30/2025	—	(94)
GBP	1,099,000	USD	1,479,027	BOA	10/30/2025	—	(753)
GBP	14,000	USD	18,952	BARC	10/31/2025	—	(120)
GBP	29,000	USD	39,298	DB	12/17/2025	—	(292)
GBP	13,000	USD	17,582	GSI	12/17/2025	—	(97)
HKD	340,000	USD	43,756	BARC	10/30/2025	—	(37)
HKD	70,000	USD	9,003	CITI	10/30/2025	—	(2)
HUF	505,782,000	USD	1,515,359	GSI	10/30/2025	4,637	—
HUF	107,373,000	USD	316,566	BARC	12/17/2025	5,185	—
HUF	11,800,000	USD	35,446	MSI	12/17/2025	—	(86)
IDR	24,336,504,000	USD	1,452,752	DB	10/30/2025	5,192	—
IDR	512,470,000	USD	30,986	CITI	12/17/2025	—	(336)
IDR	2,286,000,000	USD	136,601	DB	12/17/2025	120	—
INR	24,970,000	USD	280,827	BOA	10/31/2025	—	(230)
INR	3,430,000	USD	38,875	DB	12/17/2025	—	(439)
INR	4,613,000	USD	51,995	MSI	12/17/2025	—	(303)
JPY	2,932,000	USD	19,939	GSI	10/30/2025	—	(54)
JPY	215,198,000	USD	1,451,868	HSBC	10/30/2025	7,597	—
JPY	104,100,000	USD	702,366	SSB	10/31/2025	3,711	—
KRW	2,019,313,000	USD	1,440,492	SSB	10/30/2025	—	(795)
KRW	55,670,000	USD	40,514	JPM	12/17/2025	—	(728)
KRW	15,680,000	USD	11,344	MSI	12/17/2025	—	(138)
KZT	16,400,000	USD	29,485	BOA	12/17/2025	—	(304)
KZT	29,900,000	USD	53,826	DB	12/17/2025	—	(623)
MXN	4,039,000	USD	218,235	JPM	10/30/2025	1,661	—
MXN	1,127,000	USD	60,941	GSI	10/31/2025	410	—
MXN	530,000	USD	28,609	MSI	12/17/2025	98	—
MYR	738,000	USD	175,672	HSBC	12/17/2025	70	—
NGN	86,176,000	USD	55,850	BOA	12/17/2025	323	—
NGN	34,791,000	USD	20,883	CITI	2/9/2026	1,305	—

149

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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
NOK	14,976,000	USD	1,505,622	HSBC	10/30/2025	—	$(4,676)
NZD	465,000	USD	269,708	BARC	10/31/2025	$178	—
NZD	2,857,000	USD	1,669,982	HSBC	10/31/2025	—	(11,783)
NZD	411,000	USD	238,809	SSB	10/31/2025	—	(265)
PEN	165,000	USD	47,496	BOA	12/17/2025	—	(65)
PEN	444,000	USD	126,803	CITI	12/17/2025	828	—
PEN	92,000	USD	26,433	JPM	12/17/2025	13	—
PHP	64,109,000	USD	1,111,539	SCB	10/30/2025	—	(13,484)
PHP	3,270,000	USD	57,348	DB	12/17/2025	—	(1,415)
PLN	1,256,000	USD	344,087	MSI	12/17/2025	1,040	—
RSD	4,360,000	USD	43,478	CITI	12/17/2025	187	—
SEK	1,046,000	USD	111,317	MSI	10/30/2025	—	(7)
SGD	10,000	USD	7,812	SSB	10/30/2025	—	(42)
THB	7,608,000	USD	240,988	BARC	12/17/2025	—	(4,771)
THB	3,136,000	USD	99,417	CITI	12/17/2025	—	(2,049)
TRY	9,167,000	USD	214,795	HSBC	10/30/2025	695	—
TRY	1,470,000	USD	33,132	MSI	12/17/2025	105	—
TRY	2,510,000	USD	45,324	MSI	4/27/2026	5,899	—
TRY	24,005,000	USD	430,077	CITI	4/28/2026	59,425	—
TRY	12,000,000	USD	220,814	DB	7/17/2026	9,560	—
TRY	15,000,000	USD	268,914	BARC	9/16/2026	6,252	—
USD	5,167	ARS	7,560,000	GSI	11/7/2025	212	—
USD	7,344	ARS	11,545,000	CITI	11/19/2025	—	(74)
USD	21,419	ARS	31,700,000	JPM	11/19/2025	1,051	—
USD	779,042	AUD	1,182,000	BOA	10/30/2025	—	(3,403)
USD	4,547,202	AUD	6,882,000	BOA	10/31/2025	—	(8,522)
USD	33,103	AUD	50,000	DB	12/17/2025	—	(12)
USD	9,759,320	BRL	53,403,000	GSI	10/2/2025	—	(274,594)
USD	43,041	BRL	231,000	BARC	11/4/2025	—	(14)
USD	8,379,733	BRL	45,225,000	GSI	11/4/2025	—	(49,492)
USD	35,142	BRL	195,000	DB	12/2/2025	—	(974)
USD	402,322	BRL	2,242,000	GSI	12/2/2025	—	(12,925)
USD	1,487,538	CAD	2,062,000	CITI	10/30/2025	3,834	—
USD	2,117,438	CAD	2,923,000	CITI	10/31/2025	14,103	—
USD	18,042	CAD	25,000	CITI	12/17/2025	13	—
USD	21,762	CAD	30,000	HSBC	12/17/2025	129	—
USD	721,176	CHF	571,000	BOA	10/30/2025	1,454	—
USD	1,557,968	CLP	1,485,957,000	HSBC	10/30/2025	12,185	—
USD	28,476	CLP	27,400,000	BOA	12/17/2025	—	(22)
USD	649,028	CNY	4,615,000	GSI	10/31/2025	600	—
USD	30,639	CNY	216,000	GSI	12/17/2025	193	—
USD	22,822	CNY	162,000	MSI	12/17/2025	—	(13)
USD	3,593,133	COP	13,968,304,000	CITI	10/31/2025	43,097	—
USD	15,784	COP	62,205,000	CITI	12/17/2025	79	—
USD	14,438	COP	57,400,000	MSI	12/17/2025	—	(54)
USD	22,310	CZK	462,000	HSBC	10/30/2025	13	—
USD	725,686	CZK	14,890,000	GSI	10/31/2025	7,073	—
USD	18,360	CZK	380,000	DB	12/17/2025	——	——
USD	34,278	CZK	710,000	HSBC	12/17/2025	—	(27)
USD	13,035	EGP	697,000	MSI	10/27/2025	—	(1,351)
USD	5,356	EGP	265,000	CITI	12/17/2025	14	—
USD	30,124	EGP	1,505,000	CITI	1/8/2026	66	—
USD	5,978	EGP	330,000	MSI	1/8/2026	—	(613)
USD	1,492,367	EUR	1,268,000	DB	10/30/2025	1,135	—
USD	172,866	EUR	147,000	BOA	10/31/2025	—	(24)
USD	347,463	EUR	294,000	CITI	10/31/2025	1,683	—
USD	10,657,933	EUR	9,014,386	DB	10/31/2025	55,917	—
USD	818,851	EUR	696,000	SSB	10/31/2025	271	—
USD	41,228	EUR	35,000	DB	12/17/2025	—	(44)
USD	10,720	EUR	9,000	MSI	12/17/2025	108	—
USD	62,939	EUR	53,000	SCB	12/17/2025	441	—
USD	3,745,068	GBP	2,767,000	BARC	10/31/2025	23,135	—
USD	77,838	GBP	58,000	HSBC	10/31/2025	—	(179)
USD	56,691	GBP	42,000	JPM	12/17/2025	199	—
USD	25,093	HKD	195,000	GSI	10/31/2025	18	—
USD	26,469	HUF	8,845,000	BOA	10/30/2025	—	(113)

150

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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	568,045	HUF	187,700,000	SCB	10/31/2025	$3,996	—
USD	43,862	HUF	14,700,000	DB	12/17/2025	—	$(187)
USD	51,003	HUF	16,899,000	MSI	12/17/2025	364	—
USD	200,346	IDR	3,356,000,000	DB	10/31/2025	—	(698)
USD	23,144	IDR	382,000,000	HSBC	12/17/2025	297	—
USD	11,894	IDR	198,000,000	JPM	12/17/2025	52	—
USD	707,735	ILS	2,365,000	BARC	10/31/2025	—	(6,292)
USD	351,239	INR	31,242,000	BARC	10/30/2025	139	—
USD	2,260,752	INR	201,017,000	BOA	10/31/2025	1,848	—
USD	2,717	JPY	400,000	CITI	10/30/2025	4	—
USD	3,051,655	JPY	452,296,000	SSB	10/31/2025	—	(16,122)
USD	51,198	KRW	71,350,000	DB	12/17/2025	206	—
USD	17,098	KRW	23,920,000	MSI	12/17/2025	3	—
USD	658,615	MXN	12,180,000	GSI	10/31/2025	—	(4,431)
USD	21,091	MXN	390,000	BOA	12/17/2025	—	(33)
USD	17,404	MXN	327,000	DB	12/17/2025	—	(308)
USD	67,360	MXN	1,257,000	MSI	12/17/2025	—	(725)
USD	607,519	MYR	2,550,000	HSBC	10/31/2025	1,429	—
USD	23,216	NGN	35,427,000	MSI	12/17/2025	123	—
USD	10,373,764	NOK	102,518,000	CITI	10/31/2025	98,994	—
USD	1,472,662	NZD	2,530,000	HSBC	10/30/2025	4,312	—
USD	5,016,961	NZD	8,583,000	HSBC	10/31/2025	35,399	—
USD	23,898	NZD	40,000	CITI	12/17/2025	641	—
USD	57,009	PEN	200,000	SCB	10/31/2025	—	(551)
USD	86,584	PEN	302,000	BOA	12/17/2025	—	(228)
USD	26,636	PEN	93,000	MSI	12/17/2025	—	(97)
USD	16,967	PHP	990,000	CITI	12/17/2025	33	—
USD	57,171	PHP	3,270,000	DB	12/17/2025	1,237	—
USD	1,480,289	PLN	5,382,000	GSI	10/30/2025	104	—
USD	186,978	PLN	675,000	BARC	10/31/2025	1,338	—
USD	5,503	PLN	20,000	MSI	12/17/2025	7	—
USD	100,854	RON	435,000	GSI	10/31/2025	551	—
USD	48,962	RON	213,000	BOA	12/17/2025	—	(24)
USD	142,782	RON	623,000	GSI	12/17/2025	—	(496)
USD	7,670	RSD	762,000	CITI	10/31/2025	37	—
USD	1,484,951	SEK	13,935,000	HSBC	10/30/2025	2,056	—
USD	1,495,279	SGD	1,922,000	BARC	10/30/2025	1,971	—
USD	7,774	SGD	10,000	CITI	10/30/2025	5	—
USD	51,035	SGD	65,000	MSI	12/17/2025	359	—
USD	23,354	SGD	30,000	SCB	12/17/2025	—	(35)
USD	959,126	THB	30,740,000	CITI	10/31/2025	8,293	—
USD	45,043	THB	1,420,000	CITI	12/17/2025	954	—
USD	23,731	THB	760,000	DB	12/17/2025	135	—
USD	40,661	THB	1,280,000	HSBC	12/17/2025	919	—
USD	274,289	TRY	12,000,000	DB	10/17/2025	—	(10,888)
USD	45,301	TRY	1,935,000	HSBC	10/31/2025	—	(147)
USD	331,932	TRY	15,000,000	BARC	12/17/2025	—	(7,214)
USD	10,585	TRY	477,000	GSI	12/17/2025	—	(200)
USD	469,040	TRY	24,005,000	DB	4/28/2026	—	(20,462)
USD	4,500	UYU	180,000	CITI	10/31/2025	—	(1)
USD	1,690,142	ZAR	29,303,000	BOA	10/31/2025	—	(3,228)
USD	45,732	ZAR	808,000	BARC	12/17/2025	—	(801)
USD	55,301	ZAR	964,000	MSI	12/17/2025	—	(216)
USD	45,507	ZAR	790,000	SSB	12/17/2025	10	—
ZAR	25,350,000	USD	1,459,120	GSI	10/30/2025	5,914	—
ZAR	404,000	USD	23,242	CITI	12/17/2025	24	—
ZAR	140,000	USD	8,026	DB	12/17/2025	37	—
ZAR	355,000	USD	20,315	GSI	12/17/2025	129	—

151

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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
ZAR	370,000	USD	21,333	MSI	12/17/2025	—	$(25)
						$602,771	$(488,495)

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	450,000	USD	Fixed 3.704%	USD Compounded SOFR	Annual	Annual	May 2029	—	$(4,501)	$(4,501)
Centrally cleared	23,960,000	CNY	Fixed 2.010%	CNY CNREPOFIX Reuters	Quarterly	Quarterly	Sep 2029	—	(49,086)	(49,086)
Centrally cleared	11,025,000	CNY	Fixed 1.753%	CNY CNREPOFIX Reuters	Quarterly	Quarterly	Sep 2029	—	(7,490)	(7,490)
Centrally cleared	227,800,000	INR	Fixed 6.033%	INR MIBOR Compounded OIS	Semi-Annual	Semi-Annual	Mar 2030	—	(34,042)	(34,042)
Centrally cleared	21,340,000	CNY	Fixed 1.573%	CNY CNREPOFIX Reuters	Quarterly	Quarterly	Jun 2030	—	10,101	10,101
Centrally cleared	3,110,000	CAD	CAD CORRA Compounded OIS	Fixed 2.703%	Semi-Annual	Semi-Annual	Dec 2030	—	16,971	16,971
Centrally cleared	3,070,920,000	CLP	CLP CLICP Bloomberg	Fixed 4.768%	Semi-Annual	Semi-Annual	Dec 2030	—	(11,632)	(11,632)
Centrally cleared	1,260,000	CAD	Fixed 2.560%	CAD CORRA Compounded OIS	Semi-Annual	Semi-Annual	Dec 2030	$251	(1,096)	(845)
Centrally cleared	31,000,000	NOK	NOK NIBOR NIBR	Fixed 3.909%	Annual	Semi-Annual	Dec 2030	—	(19,081)	(19,081)
Centrally cleared	5,710,000	AUD	Fixed 3.940%	AUD BBR BBSW	Semi-Annual	Semi-Annual	Dec 2030	(2,093)	245	(1,848)
Centrally cleared	2,120,000	SGD	Fixed 2.414%	SGD SORA Compounded OIS	Semi-Annual	Semi-Annual	Jun 2035	—	(97,853)	(97,853)
Centrally cleared	30,025,000	THB	Fixed 1.738%	THB THOR Compounded OIS	Quarterly	Quarterly	Sep 2035	—	(24,598)	(24,598)
Centrally cleared	20,015,000	THB	Fixed 1.770%	THB THOR Compounded OIS	Quarterly	Quarterly	Sep 2035	—	(18,234)	(18,234)
Centrally cleared	2,960,000	SGD	Fixed 1.940%	SGD SORA Compounded OIS	Semi-Annual	Semi-Annual	Sep 2035	9,425	(41,784)	(32,359)
Centrally cleared	21,570,000	CZK	CZK PRIBOR PRBO	Fixed 4.135%	Annual	Semi-Annual	Dec 2035	—	(4,758)	(4,758)
Centrally cleared	1,360,000	CAD	Fixed 2.940%	CAD CORRA Compounded OIS	Semi-Annual	Semi-Annual	Dec 2035	(509)	(3,244)	(3,753)
Centrally cleared	4,600,000	SEK	SEK STIBOR SIDE	Fixed 2.780%	Annual	Quarterly	Dec 2035	(71)	1,278	1,207
Centrally cleared	2,240,000	CHF	Fixed 0.740%	CHF SARON Compounded OIS	Annual	Annual	Dec 2035	—	6,209	6,209
								$7,003	$(282,595)	$(275,592)

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	555,000	USD	$555,000	1.000%	Quarterly	Jun 2030	$20,289	$(14,711)	$5,578
BARC	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	7,046	(4,282)	2,764
BARC	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	6,719	(3,955)	2,764
BARC	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	5,735	(2,971)	2,764
BARC	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	4,605	(1,826)	2,779
BARC	People's Republic of China	1,830,000	USD	1,830,000	1.000%	Quarterly	Jun 2030	(36,832)	(15,006)	(51,838)
BARC	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	8,921	(4,869)	4,052
BARC	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	8,470	(4,418)	4,052
BARC	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	8,366	(4,314)	4,052
BARC	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	8,054	(4,002)	4,052
BARC	Petroleo Brasileiro SA	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	7,065	(2,940)	4,125
BARC	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	6,618	(2,551)	4,067
BARC	Republic of Chile	525,000	USD	525,000	1.000%	Quarterly	Jun 2030	(8,823)	(3,536)	(12,359)
BARC	Republic of Chile	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	(4,835)	(1,286)	(6,121)

152

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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
BARC	Republic of Chile	260,000	USD	$260,000	1.000%	Quarterly	Jun 2030	$(4,885)	$(1,236)	$(6,121)
BARC	Republic of Chile	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	(5,335)	(771)	(6,106)
BARC	Republic of Colombia	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,832	(1,749)	9,083
BARC	Republic of Indonesia	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(1,894)	(866)	(2,760)
BARC	Republic of Indonesia	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(2,176)	(584)	(2,760)
BARC	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,156	(7,930)	3,226
BARC	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,990	(7,764)	3,226
BARC	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,048	(6,822)	3,226
BARC	Republic of Peru	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(1,172)	(3,063)	(4,235)
BARC	Republic of Peru	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(2,025)	(2,210)	(4,235)
BARC	United Mexican States	805,000	USD	805,000	1.000%	Quarterly	Jun 2030	5,718	(11,769)	(6,051)
BARC	United Mexican States	255,000	USD	255,000	1.000%	Quarterly	Jun 2030	(740)	(1,163)	(1,903)
BARC	United Mexican States	255,000	USD	255,000	1.000%	Quarterly	Jun 2030	(988)	(915)	(1,903)
BOA	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	5,784	(3,005)	2,779
BOA	Petroleo Brasileiro SA	560,000	USD	560,000	1.000%	Quarterly	Jun 2030	21,637	(13,387)	8,250
BOA	Petroleo Brasileiro SA	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	7,187	(3,120)	4,067
BOA	Republic of Chile	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	(4,656)	(1,465)	(6,121)
BOA	Republic of Indonesia	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(1,895)	(865)	(2,760)
BOA	Republic of Indonesia	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(2,348)	(412)	(2,760)
BOA	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,966	(8,740)	3,226
BOA	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,554	(8,328)	3,226
BOA	Republic of Peru	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(3,647)	(573)	(4,220)
BOA	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,017	(4,041)	5,976
BOA	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	8,578	(2,602)	5,976
CITI	Barclays PLC	100,000	EUR	103,280	1.000%	Quarterly	Dec 2029	350	(681)	(331)
CITI	Republic of Colombia	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,671	(1,588)	9,083
CITI	Republic of Colombia	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	8,995	(561)	8,434
CITI	Republic of Colombia	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	7,623	811	8,434
CITI	Republic of Peru	250,000	USD	250,000	1.000%	Quarterly	Jun 2030	(3,692)	(289)	(3,981)
CITI	United Mexican States	255,000	USD	255,000	1.000%	Quarterly	Jun 2030	(487)	(1,416)	(1,903)
DB	Government of Malaysia	245,000	USD	245,000	1.000%	Quarterly	Jun 2030	(6,460)	(33)	(6,493)
DB	Republic of Colombia	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	7,090	1,344	8,434
DB	Republic of Peru	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(2,201)	(2,019)	(4,220)
GSI	Emirate of Abu Dhabi	2,080,000	USD	2,080,000	1.000%	Quarterly	Jun 2030	(57,123)	(8,515)	(65,638)
GSI	Federative Republic of Brazil	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	7,148	(4,384)	2,764
GSI	Government of Malaysia	1,570,000	USD	1,570,000	1.000%	Quarterly	Jun 2030	(30,747)	(10,950)	(41,697)
GSI	Republic of Colombia	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	9,822	(739)	9,083
GSI	Republic of Indonesia	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(2,463)	(297)	(2,760)
GSI	Republic of Panama	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	5,887	(2,703)	3,184
GSI	Republic of Panama	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	5,345	(2,161)	3,184
GSI	Republic of Peru	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(3,491)	(729)	(4,220)
GSI	Republic of Peru	250,000	USD	250,000	1.000%	Quarterly	Jun 2030	(3,294)	(687)	(3,981)
GSI	Societe Generale SA	15,000	EUR	16,307	1.000%	Quarterly	Jun 2030	176	(79)	97
GSI	State of Qatar	2,855,000	USD	2,855,000	1.000%	Quarterly	Jun 2030	(79,659)	(9,931)	(89,590)
GSI	United Mexican States	270,000	USD	270,000	1.000%	Quarterly	Jun 2030	(577)	(1,437)	(2,014)
JPM	People's Republic of China	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(6,019)	(1,488)	(7,507)
JPM	Republic of Colombia	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,083	(2,000)	9,083
JPM	Republic of Indonesia	795,000	USD	795,000	1.000%	Quarterly	Jun 2030	(5,517)	(2,763)	(8,280)
JPM	Republic of South Africa	560,000	USD	560,000	1.000%	Quarterly	Jun 2030	24,452	(12,531)	11,921
JPM	United Mexican States	250,000	USD	250,000	1.000%	Quarterly	Jun 2030	(1,504)	(361)	(1,865)
MSI	Federative Republic of Brazil	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	9,657	(6,843)	2,814
MSI	Republic of Chile	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	(4,781)	(1,340)	(6,121)
MSI	Republic of Chile	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(5,335)	(903)	(6,238)
MSI	Republic of Chile	265,000	USD	265,000	1.000%	Quarterly	Jun 2030	(5,243)	(981)	(6,224)
MSI	Republic of Colombia	285,000	USD	285,000	1.000%	Quarterly	Jun 2030	14,648	(5,419)	9,229
MSI	Republic of Colombia	285,000	USD	285,000	1.000%	Quarterly	Jun 2030	14,664	(5,435)	9,229
MSI	Republic of Colombia	20,000	USD	20,000	1.000%	Quarterly	Jun 2030	848	(199)	649
MSI	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,964	(7,738)	3,226
MSI	Republic of Panama	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,155	(6,929)	3,226
MSI	Republic of Panama	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	6,135	(2,951)	3,184

153

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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
MSI	Republic of Peru	265,000	USD	$265,000	1.000%	Quarterly	Jun 2030	$(2,477)	$(1,758)	$(4,235)
MSI	Republic of Peru	250,000	USD	250,000	1.000%	Quarterly	Jun 2030	(3,352)	(629)	(3,981)
MSI	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,996	(6,035)	5,961
MSI	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	11,278	(5,317)	5,961
MSI	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,562	(4,601)	5,961
MSI	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	10,029	(4,053)	5,976
MSI	Republic of South Africa	280,000	USD	280,000	1.000%	Quarterly	Jun 2030	8,441	(2,465)	5,976
MSI	Republic of South Africa	275,000	USD	275,000	1.000%	Quarterly	Jun 2030	7,960	(2,090)	5,870
MSI	Republic of South Africa	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	7,321	(1,772)	5,549
MSI	Republic of South Africa	260,000	USD	260,000	1.000%	Quarterly	Jun 2030	6,252	(703)	5,549
				$31,434,587				$150,234	$(298,395)	$(148,161)
Centrally cleared	CDX.EM.42	8,325,000	USD	8,325,000	1.000%	Quarterly	Dec 2029	176,156	(99,237)	76,919
Centrally cleared	CDX.NA.HY.44	2,755,000	USD	2,755,000	5.000%	Quarterly	Jun 2030	(201,340)	(22,665)	(224,005)
Centrally cleared	iTraxx Europe Crossover Series 43 Version 2	3,547,043	EUR	4,118,244	5.000%	Quarterly	Jun 2030	(371,447)	(82,601)	(454,048)
Centrally cleared	iTraxx Europe Sub Financials Series 43 Version 1	2,480,000	EUR	2,900,142	1.000%	Quarterly	Jun 2030	(2,160)	(9,910)	(12,070)
				$18,098,386				$(398,791)	$(214,413)	$(613,204)
				$49,532,973				$(248,557)	$(512,808)	$(761,365)

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
BOA	Anglo American Capital PLC	0.613%	260,000	EUR	$284,869	5.000%	Quarterly	Dec 2028	$28,836	$15,027	$43,863
BOA	Anglo American Capital PLC	0.613%	260,000	EUR	285,675	5.000%	Quarterly	Dec 2028	28,737	15,126	43,863
CITI	Danske Bank AS	0.948%	100,000	EUR	103,630	1.000%	Quarterly	Dec 2029	—	848	848
GSI	Lloyds Banking Group PLC	1.058%	15,000	EUR	16,273	1.000%	Quarterly	Jun 2030	(138)	130	(8)
					$690,447				$57,435	$31,131	$88,566
Centrally cleared	CDX.NA.HY.44	2.998%	39,000	USD	39,000	5.000%	Quarterly	Jun 2030	2,166	1,016	3,182
					$39,000				$2,166	$1,016	$3,182
					$729,447				$59,601	$32,147	$91,748

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	2,315,000	Dec 2025	JPM	—	$(90,831)	$(90,831)
Pay	iBoxx $ Liquid High Yield Index	1-Day USD Compounded SOFR	At Maturity	USD	1,390,000	Mar 2026	JPM	—	1,062	1,062
Pay	iBoxx $ Liquid High Yield Index	1-Day USD Compounded SOFR	At Maturity	USD	3,305,000	Dec 2025	MSI	—	(95,322)	(95,322)
Pay	iBoxx $ Liquid Investment Grade Index	1-Day USD Compounded SOFR	At Maturity	USD	3,215,000	Dec 2025	MSI	—	(18,577)	(18,577)
Pay	iBoxx $ Liquid High Yield Index	1-Day USD Compounded SOFR	At Maturity	USD	14,770,000	Mar 2026	MSI	—	168,335	168,335
Pay	iBoxx $ Liquid Investment Grade Index	1-Day USD Compounded SOFR	At Maturity	USD	4,480,000	Mar 2026	MSI	—	87,302	87,302
								—	$51,969	$51,969

* 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. The total return of the reference asset is paid out at maturity while the floating rate is paid on a quarterly basis until maturity.

154

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

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
BOA	210,000	USD	$210,000	Fixed 1.635%	USA CPI All Urban Consumers	At Maturity	At Maturity	Feb 2050	—	$50,453	$50,453
CITI	1,290,000	USD	1,290,000	Fixed 2.440%	USA CPI All Urban Consumers	At Maturity	At Maturity	Sep 2055	$(3,793)	5,448	1,655
JPM	1,700,000	USD	1,700,000	Fixed 1.830%	USA CPI All Urban Consumers	At Maturity	At Maturity	Feb 2050	(35,963)	382,060	346,097
			$3,200,000						$(39,756)	$437,961	$398,205
Centrally cleared	3,510,000	USD	3,510,000	USA CPI All Urban Consumers	Fixed 2.660%	At Maturity	At Maturity	Aug 2030	(2,893)	2,167	(726)
Centrally cleared	3,510,000	USD	3,510,000	Fixed 2.563%	USA CPI All Urban Consumers	At Maturity	At Maturity	Aug 2035	2,532	(2,389)	143
			$7,020,000						$(361)	$(222)	$(583)
			$10,220,000						$(40,117)	$437,739	$397,622

Derivatives Currency Abbreviations
ARS	Argentine Peso
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
NGN	Nigerian Naira
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Nuevo Sol
PHP	Philippine Peso
PLN	Polish Zloty
RON	Romanian New Leu
RSD	Serbian Dinar
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Bhat
TRY	Turkish Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand

155

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
CLICP	Sinacofi Chile Interbank Rate Average
CNREPOFIX	China Fixing Repo Rate
CORRA	Canadian Overnight Repo Rate Average
CPI	Consumer Price Index
DB	Deutsche Bank AG
GSI	Goldman Sachs International
HSBC	HSBC Bank PLC
JPM	JPMorgan Chase Bank, N.A.
MIBOR	Mumbai Interbank Offered Rate
MSI	Morgan Stanley & Co. International PLC
NIBOR	Norwegian Interbank Offered Rate
OIS	Overnight Index Swap
OTC	Over-the-counter
PRIBOR	Prague Interbank Offered Rate
SARON	Swiss Average Rate Overnight
SCB	Standard Chartered Bank
SOFR	Secured Overnight Financing Rate
SORA	Singapore Overnight Rate Average
SSB	State Street Bank and Trust Company
STIBOR	Stockholm Interbank Offered Rate
THOR	Thai Overnight Repurchase Rate

Real Estate Securities Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.0%
Consumer discretionary – 2.0%
Hotels, restaurants and leisure – 2.0%
Hilton Worldwide Holdings, Inc.	15,080	$	3,912,355
Hyatt Hotels Corp., Class A	13,097		1,858,857
			5,771,212
Financials – 2.0%
Capital markets – 2.0%
Brookfield Corp.	86,726		5,947,669
Health care – 1.7%
Health care providers and services – 1.7%
Brookdale Senior Living, Inc. (A)	579,072		4,904,740
Real estate – 92.3%
Diversified REITs – 5.6%
Essential Properties Realty Trust, Inc.	168,636		5,018,607
WP Carey, Inc.	165,695		11,196,011
			16,214,618
Health care REITs – 19.5%
American Healthcare REIT, Inc.	213,393		8,964,640
CareTrust REIT, Inc.	208,925		7,245,519
Ventas, Inc.	71,059		4,973,419
Welltower, Inc.	198,138		35,296,303
			56,479,881
Hotel and resort REITs – 1.3%
Xenia Hotels & Resorts, Inc.	288,680		3,960,690
Industrial REITs – 12.1%
EastGroup Properties, Inc.	31,147		5,271,941
Prologis, Inc.	261,478		29,944,461
			35,216,402
Office REITs – 6.1%
COPT Defense Properties	94,779		2,754,278

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Office REITs (continued)
JBG SMITH Properties	93,918	$	2,089,676
Kilroy Realty Corp.	131,383		5,550,932
Paramount Group, Inc. (A)	435,824		2,850,289
SL Green Realty Corp.	73,421		4,391,310
			17,636,485
Real estate management and development – 1.0%
CBRE Group, Inc., Class A (A)	9,275		1,461,369
Jones Lang LaSalle, Inc. (A)	4,951		1,476,784
			2,938,153
Residential REITs – 11.0%
American Homes 4 Rent, Class A	65,314		2,171,691
AvalonBay Communities, Inc.	48,158		9,302,681
Essex Property Trust, Inc.	53,130		14,220,776
Mid-America Apartment Communities, Inc.	43,960		6,142,531
			31,837,679
Retail REITs – 15.5%
Brixmor Property Group, Inc.	205,969		5,701,222
Realty Income Corp.	70,964		4,313,902
Regency Centers Corp.	80,017		5,833,239
Simon Property Group, Inc.	100,608		18,881,103
Tanger, Inc.	127,404		4,311,351
Urban Edge Properties	285,642		5,847,092
			44,887,909
Specialized REITs – 20.2%
American Tower Corp.	8,138		1,565,100
Digital Realty Trust, Inc.	88,315		15,267,897
EPR Properties	35,682		2,069,913
Equinix, Inc.	20,629		16,157,458
Millrose Properties, Inc., Class A	144,312		4,850,326

 

156

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialized REITs (continued)
Public Storage	39,196	$	11,321,765
Smartstop Self Storage REIT, Inc.	192,410		7,242,312
			58,474,771
			267,646,588
TOTAL COMMON STOCKS (Cost $257,828,130)		$	284,270,209
SHORT-TERM INVESTMENTS – 1.4%
Short-term funds – 1.4%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (B)	3,940,009		3,940,009
TOTAL SHORT-TERM INVESTMENTS (Cost $3,940,009)		$	3,940,009
Total Investments (Real Estate Securities Trust) (Cost $261,768,139) – 99.4%		$	288,210,218
Other assets and liabilities, net – 0.6%			1,714,981
TOTAL NET ASSETS – 100.0%		$	289,925,199

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-25.

Science & Technology Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 100.1%
Communication services – 14.8%
Entertainment – 1.6%
Electronic Arts, Inc.	22,000	$	4,437,400
ROBLOX Corp., Class A (A)	57,926		8,023,910
Spotify Technology SA (A)	4,900		3,420,200
Take-Two Interactive Software, Inc. (A)	12,500		3,229,500
			19,111,010
Interactive media and services – 13.2%
Alphabet, Inc., Class A	227,497		55,304,521
Alphabet, Inc., Class C	189,508		46,154,673
Meta Platforms, Inc., Class A	77,150		56,657,417
Reddit, Inc., Class A (A)	11,000		2,529,890
			160,646,501
			179,757,511
Consumer discretionary – 1.4%
Automobiles – 1.0%
Tesla, Inc. (A)	27,730		12,332,086
Hotels, restaurants and leisure – 0.2%
DoorDash, Inc., Class A (A)	5,400		1,468,746
Specialty retail – 0.2%
Carvana Company (A)	6,900		2,602,956
			16,403,788
Financials – 0.5%
Capital markets – 0.4%
Coinbase Global, Inc., Class A (A)	1,700		573,733
Galaxy Digital, Inc., Class A (A)	21,000		710,010
Gemini Space Station, Inc., Class A  (A)(B)	8,867		212,453
Robinhood Markets, Inc., Class A (A)	27,500		3,937,450
			5,433,646
Financial services – 0.1%
Klarna Group PLC (A)(B)	16,600		608,390
			6,042,036

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Industrials – 0.6%
Aerospace and defense – 0.2%
Axon Enterprise, Inc. (A)	900	$	645,876
Firefly Aerospace, Inc. (A)(B)	19,614		575,082
Rocket Lab Corp. (A)	34,100		1,633,731
			2,854,689
Electrical equipment – 0.3%
Bloom Energy Corp., Class A (A)	43,500		3,678,795
Ground transportation – 0.1%
Uber Technologies, Inc. (A)	10,800		1,058,076
Machinery – 0.0%
Symbotic, Inc. (A)(B)	2,200		118,580
			7,710,140
Information technology – 82.6%
Communications equipment – 4.2%
Arista Networks, Inc. (A)	137,850		20,086,124
Ciena Corp. (A)	9,000		1,311,030
Cisco Systems, Inc.	244,600		16,735,532
Lumentum Holdings, Inc. (A)	23,100		3,758,601
Motorola Solutions, Inc.	20,300		9,282,987
			51,174,274
Electronic equipment, instruments and components – 3.9%
Amphenol Corp., Class A	133,357		16,502,929
Celestica, Inc. (A)	22,300		5,494,274
Cognex Corp.	12,900		584,370
Coherent Corp. (A)	24,000		2,585,280
Corning, Inc.	122,072		10,013,566
Fabrinet (A)	6,400		2,333,568
Flex, Ltd. (A)	10,800		626,076
Jabil, Inc.	9,600		2,084,832
TE Connectivity PLC	27,752		6,092,397
TTM Technologies, Inc. (A)	12,400		714,240
			47,031,532
IT services – 5.6%
Applied Digital Corp. (A)	86,400		1,982,016
Cloudflare, Inc., Class A (A)	38,100		8,175,879
Gartner, Inc. (A)	14,600		3,837,902
IBM Corp.	77,599		21,895,334
MongoDB, Inc. (A)	14,800		4,593,624
Shopify, Inc., Class A (A)	132,086		19,629,300
Snowflake, Inc. (A)	27,200		6,134,960
Twilio, Inc., Class A (A)	11,200		1,121,008
Whitefiber, Inc. (A)(B)	54,550		1,482,124
			68,852,147
Semiconductors and semiconductor equipment – 29.6%
Advanced Micro Devices, Inc. (A)	136,218		22,038,710
Applied Materials, Inc.	57,100		11,690,654
Broadcom, Inc.	287,526		94,857,703
Credo Technology Group Holding, Ltd. (A)	48,700		7,091,207
First Solar, Inc. (A)	10,400		2,293,512
Impinj, Inc. (A)	23,700		4,283,775
Intel Corp. (A)	361,200		12,118,260
KLA Corp.	16,839		18,162,545
Lam Research Corp.	96,000		12,854,400
Marvell Technology, Inc.	99,853		8,394,642
Micron Technology, Inc.	108,400		18,137,488
Monolithic Power Systems, Inc.	10,813		9,954,880
NVIDIA Corp.	662,023		123,520,250
Qualcomm, Inc.	28,800		4,791,168
Rambus, Inc. (A)	34,557		3,600,839
Semtech Corp. (A)	9,500		678,775

 

157

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Teradyne, Inc.	42,400	$	5,835,936
			360,304,744
Software – 26.8%
AppLovin Corp., Class A (A)	30,200		21,699,908
Autodesk, Inc. (A)	5,400		1,715,418
Braze, Inc., Class A (A)	3,400		96,696
Cadence Design Systems, Inc. (A)	23,425		8,228,266
Core Scientific, Inc. (A)(B)	73,800		1,323,972
Crowdstrike Holdings, Inc., Class A (A)	21,575		10,579,949
Datadog, Inc., Class A (A)	35,500		5,055,200
Fair Isaac Corp. (A)	1,300		1,945,489
HubSpot, Inc. (A)	3,700		1,730,860
InterDigital, Inc.	18,709		6,458,908
Intuit, Inc.	21,760		14,860,122
Manhattan Associates, Inc. (A)	1,199		245,771
Microsoft Corp.	216,409		112,089,042
Monday.com, Ltd. (A)	23,400		4,532,346
Nutanix, Inc., Class A (A)	4,873		362,502
Oracle Corp.	149,105		41,934,290
Palantir Technologies, Inc., Class A (A)	190,341		34,722,005
Palo Alto Networks, Inc. (A)	76,108		15,497,111
PTC, Inc. (A)	5,400		1,096,308
Salesforce, Inc.	60,400		14,314,800
Samsara, Inc., Class A (A)	52,000		1,937,000
ServiceNow, Inc. (A)	15,810		14,549,627
SoundHound AI, Inc., Class A (A)(B)	42,000		675,360
Strategy, Inc., Class A (A)	848		273,234
Synopsys, Inc. (A)	17,178		8,475,453
Unity Software, Inc. (A)	30,600		1,225,224
Zeta Global Holdings Corp., Class A (A)	54,602		1,084,942
			326,709,803
Technology hardware, storage and peripherals – 12.5%
Apple, Inc.	482,549		122,871,452
Dell Technologies, Inc., Class C	2,100		297,717
HP, Inc.	21,800		593,614
NetApp, Inc.	5,000		592,300
Pure Storage, Inc., Class A (A)	29,400		2,464,014
Sandisk Corp. (A)	49,000		5,497,800
Seagate Technology Holdings PLC	46,100		10,882,366
Western Digital Corp.	73,400		8,812,404
			152,011,667
			1,006,084,167
Utilities – 0.2%
Independent power and renewable electricity producers – 0.2%
Vistra Corp.	14,200		2,782,064
TOTAL COMMON STOCKS (Cost $1,000,694,921)		$	1,218,779,706
SHORT-TERM INVESTMENTS – 0.3%
Short-term funds – 0.3%
John Hancock Collateral Trust, 4.0668% (C)(D)	418,140		4,182,824
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (C)	72,696		72,696
T. Rowe Price Government Reserve Fund, 4.1621% (C)	3,279		3,279
TOTAL SHORT-TERM INVESTMENTS (Cost $4,258,885)		$	4,258,799
Total Investments (Science & Technology Trust) (Cost $1,004,953,806) – 100.4%		$	1,223,038,505
Other assets and liabilities, net – (0.4%)			(5,123,352)
TOTAL NET ASSETS – 100.0%		$	1,217,915,153

Science & Technology Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $4,093,946.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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.

Select Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 53.4%
U.S. Government – 14.7%
U.S. Treasury Bonds
1.375%, 08/15/2050	$	145,252,000	$	73,034,521
1.625%, 11/15/2050		79,162,000		42,475,361
2.000%, 02/15/2050		97,530,000		58,323,702
2.500%, 02/15/2045		41,567,000		29,773,987
3.375%, 11/15/2048		41,623,000		33,436,601
4.000%, 11/15/2042		72,597,000		67,118,195
4.750%, 05/15/2055 to 08/15/2055		142,063,000		142,517,880
5.000%, 05/15/2045		8,572,000		8,901,486
U.S. Treasury Notes
3.375%, 09/15/2028		19,952,000		19,816,389
3.625%, 09/30/2030		83,768,000		83,342,616
3.875%, 09/30/2032		105,177,000		104,831,888
4.000%, 01/31/2031 to 07/31/2032		69,290,000		69,828,096
4.125%, 07/31/2031		11,428,000		11,601,652
4.250%, 06/30/2031 to 08/15/2035		89,935,000		91,586,592
				836,588,966
U.S. Government Agency – 38.7%
Federal Home Loan Mortgage Corp.
2.000%, 06/01/2036 to 03/01/2052		62,972,967		52,862,573
2.500%, 08/01/2051 to 12/01/2051		31,770,332		27,283,816
3.000%, 03/01/2043 to 06/01/2052		101,066,746		91,088,434
3.500%, 04/01/2044 to 07/01/2052		137,498,369		127,491,925
4.000%, 08/01/2037 to 04/01/2053		140,186,416		133,907,763
4.500%, 12/01/2037 to 06/01/2054		94,266,717		92,405,659
5.000%, 08/01/2052 to 12/01/2054		185,931,586		185,913,336
5.500%, 06/01/2053 to 05/01/2055		88,727,582		90,372,136
Federal National Mortgage Association
2.000%, 06/01/2036 to 02/01/2052		79,192,454		68,198,551
2.500%, 08/01/2035 to 03/01/2052		191,971,260		167,493,490
3.000%, 03/01/2033 to 05/01/2052		199,048,859		178,568,456
3.500%, 06/01/2042 to 08/01/2053		188,115,230		174,379,427
4.000%, 10/01/2037 to 10/01/2052		275,651,770		264,914,722
4.500%, 11/01/2037 to 05/01/2053		295,298,168		289,841,159
5.000%, 09/01/2052 to 11/01/2054		148,390,471		148,428,231
5.500%, 12/01/2052 to 06/01/2055		99,361,496		101,055,754
				2,194,205,432
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $3,116,268,697)			$	3,030,794,398
CORPORATE BONDS – 31.2%
Communication services – 1.2%
AT&T, Inc.
2.750%, 06/01/2031		10,797,000		9,895,611
3.550%, 09/15/2055		10,796,000		7,439,719
4.500%, 05/15/2035		3,439,000		3,322,872
Charter Communications Operating LLC
2.800%, 04/01/2031		5,948,000		5,366,594
6.384%, 10/23/2035		9,507,000		9,959,813
Netflix, Inc. 4.875%, 06/15/2030 (A)		5,059,000		5,199,873

 

158

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
News Corp.
3.875%, 05/15/2029 (A)	$	3,468,000	$	3,349,573
5.125%, 02/15/2032 (A)		6,439,000		6,402,920
NTT Finance Corp. 5.171%, 07/16/2032 (A)		3,568,000		3,654,230
T-Mobile USA, Inc. 3.875%, 04/15/2030		16,003,000		15,692,358
				70,283,563
Consumer discretionary – 0.7%
AutoNation, Inc. 4.750%, 06/01/2030		4,455,000		4,479,458
Flutter Treasury DAC 5.875%, 06/04/2031 (A)		1,880,000		1,908,238
Ford Motor Credit Company LLC
4.000%, 11/13/2030		6,753,000		6,299,273
6.054%, 11/05/2031		5,679,000		5,804,377
General Motors Financial Company, Inc. 5.600%, 06/18/2031		14,276,000		14,774,076
Gildan Activewear, Inc. 4.700%, 10/07/2030 (A)		1,291,000		1,289,052
Hyundai Capital America 5.400%, 01/08/2031 (A)		2,564,000		2,643,905
Royal Caribbean Cruises, Ltd. 5.375%, 01/15/2036 (B)		2,004,000		2,015,687
				39,214,066
Consumer staples – 0.6%
Bimbo Bakeries USA, Inc. 6.050%, 01/15/2029 (A)		4,160,000		4,352,580
JBS USA LUX SA
3.625%, 01/15/2032		5,259,000		4,902,247
5.750%, 04/01/2033		5,554,000		5,800,209
5.950%, 04/20/2035 (A)		1,414,000		1,485,410
Kenvue, Inc. 4.850%, 05/22/2032		6,913,000		7,012,798
Mars, Inc. 5.000%, 03/01/2032 (A)		3,392,000		3,470,245
Pilgrim's Pride Corp. 6.250%, 07/01/2033		3,414,000		3,644,240
				30,667,729
Energy – 4.3%
Aker BP ASA
3.100%, 07/15/2031 (A)		1,302,000		1,190,632
3.750%, 01/15/2030 (A)		1,411,000		1,362,668
4.000%, 01/15/2031 (A)		1,997,000		1,924,567
5.800%, 10/01/2054 (A)		2,495,000		2,313,141
Antero Resources Corp. 5.375%, 03/01/2030 (A)		6,088,000		6,123,323
Cheniere Energy Partners LP
3.250%, 01/31/2032		12,750,000		11,615,402
5.550%, 10/30/2035 (A)		2,672,000		2,729,749
5.950%, 06/30/2033		5,442,000		5,760,888
Cheniere Energy, Inc. 5.650%, 04/15/2034		1,652,000		1,702,948
Columbia Pipelines Holding Company LLC 5.681%, 01/15/2034 (A)		7,296,000		7,516,250
Columbia Pipelines Operating Company LLC 6.036%, 11/15/2033 (A)		4,527,000		4,830,473
Continental Resources, Inc.
2.875%, 04/01/2032 (A)		3,577,000		3,117,028
4.900%, 06/01/2044		3,549,000		2,895,391
5.750%, 01/15/2031 (A)		6,120,000		6,311,153

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Devon Energy Corp. 5.200%, 09/15/2034 (C)	$	4,013,000	$	3,995,635
DT Midstream, Inc.
4.375%, 06/15/2031 (A)		10,723,000		10,363,071
5.800%, 12/15/2034 (A)		2,130,000		2,196,009
Enbridge, Inc.
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080		6,888,000		6,954,214
6.250%, (6.250% to 3-1-28, then 3 month CME Term SOFR + 3.903% to 3-1-48, then 3 month CME Term SOFR + 4.653%), 03/01/2078		8,184,000		8,267,272
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084		3,176,000		3,632,439
Energy Transfer LP
5.150%, 03/15/2045		3,478,000		3,121,183
5.400%, 10/01/2047		7,516,000		6,879,775
5.600%, 09/01/2034		3,044,000		3,124,090
Enterprise Products Operating LLC 5.250%, (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%), 08/16/2077		9,537,000		9,526,746
Expand Energy Corp. 4.750%, 02/01/2032		6,234,000		6,126,619
Gulfstream Natural Gas System LLC 5.600%, 07/23/2035 (A)		2,224,000		2,278,633
Harbour Energy PLC 6.327%, 04/01/2035 (A)		8,400,000		8,626,088
MPLX LP
4.950%, 09/01/2032		3,400,000		3,410,771
5.000%, 03/01/2033		3,412,000		3,412,848
Occidental Petroleum Corp.
5.375%, 01/01/2032		2,492,000		2,534,319
6.050%, 10/01/2054		6,181,000		6,031,461
6.450%, 09/15/2036		8,761,000		9,310,026
6.625%, 09/01/2030		2,127,000		2,278,917
ONEOK, Inc.
6.050%, 09/01/2033		5,628,000		5,967,867
6.625%, 09/01/2053		5,695,000		6,058,281
Ovintiv, Inc.
6.250%, 07/15/2033		2,314,000		2,440,848
7.200%, 11/01/2031		649,000		715,700
Plains All American Pipeline LP
4.700%, 01/15/2031		1,982,000		1,986,219
5.600%, 01/15/2036		1,492,000		1,510,752
Repsol E&P Capital Markets US LLC
5.204%, 09/16/2030 (A)		1,985,000		1,999,369
5.976%, 09/16/2035 (A)		1,488,000		1,515,065
Sabine Pass Liquefaction LLC 4.500%, 05/15/2030		11,259,000		11,298,274
Saudi Arabian Oil Company 5.250%, 07/17/2034 (A)		1,672,000		1,719,808
Targa Resources Corp.
5.500%, 02/15/2035		5,603,000		5,701,313
6.150%, 03/01/2029		3,959,000		4,170,858
Targa Resources Partners LP 4.000%, 01/15/2032		4,143,000		3,928,989
Var Energi ASA
5.875%, 05/22/2030 (A)		5,034,000		5,234,332
8.000%, 11/15/2032 (A)		11,393,000		13,222,038

 

159

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Viper Energy Partners LLC 4.900%, 08/01/2030	$	1,661,000	$	1,673,385
Western Midstream Operating LP
4.050%, 02/01/2030		4,954,000		4,835,539
5.450%, 11/15/2034		1,952,000		1,954,612
Whistler Pipeline LLC
5.400%, 09/30/2029 (A)		1,920,000		1,974,605
5.700%, 09/30/2031 (A)		2,022,000		2,102,044
				241,473,627
Financials – 12.6%
Ally Financial, Inc.
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033		5,437,000		5,457,135
5.737%, (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%), 05/15/2029		2,565,000		2,625,494
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035		3,319,000		3,423,193
8.000%, 11/01/2031		4,521,000		5,153,803
Apollo Debt Solutions BDC
6.700%, 07/29/2031		4,853,000		5,143,265
6.900%, 04/13/2029		1,662,000		1,747,388
Ares Strategic Income Fund
5.150%, 01/15/2031 (A)		5,969,000		5,897,920
5.450%, 09/09/2028 (A)		2,699,000		2,720,053
5.600%, 02/15/2030		4,613,000		4,658,023
5.700%, 03/15/2028		1,122,000		1,137,734
5.800%, 09/09/2030 (A)		5,296,000		5,381,863
6.200%, 03/21/2032		4,045,000		4,179,236
6.350%, 08/15/2029		1,889,000		1,956,837
Athene Global Funding
4.721%, 10/08/2029 (A)		3,479,000		3,506,991
5.322%, 11/13/2031 (A)		4,128,000		4,224,084
Athene Holding, Ltd.
3.500%, 01/15/2031		11,755,000		11,154,555
6.625%, (6.625% to 10-15-34, then 5 Year CMT + 2.607%), 10/15/2054		2,418,000		2,439,726
Atlas Warehouse Lending Company LP 6.250%, 01/15/2030 (A)		3,422,000		3,518,524
Bank of America Corp.
2.592%, (2.592% to 4-29-30, then Overnight SOFR + 2.150%), 04/29/2031		9,261,000		8,582,045
2.687%, (2.687% to 4-22-31, then Overnight SOFR + 1.320%), 04/22/2032		15,228,000		13,872,406
4.571%, (4.571% to 4-27-32, then Overnight SOFR + 1.830%), 04/27/2033		15,672,000		15,668,761
5.425%, (5.425% to 8-15-34, then Overnight SOFR + 1.913%), 08/15/2035		12,552,000		12,804,423
5.518%, (5.518% to 10-25-34, then Overnight SOFR + 1.738%), 10/25/2035		1,674,000		1,714,676
6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (D)		8,168,000		8,498,714
Bank of Montreal 7.700%, (7.700% to 5-26-29, then 5 Year CMT + 3.452%), 05/26/2084		7,283,000		7,717,861

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Barclays PLC 5.690%, (5.690% to 3-12-29, then Overnight SOFR + 1.740%), 03/12/2030	$	15,692,000	$	16,303,956
Blackstone Private Credit Fund
5.050%, 09/10/2030		4,958,000		4,900,304
5.250%, 04/01/2030		4,767,000		4,784,854
5.950%, 07/16/2029		3,352,000		3,448,381
6.000%, 01/29/2032		1,860,000		1,919,287
7.300%, 11/27/2028		3,286,000		3,510,014
BNP Paribas SA
5.497%, (5.497% to 5-20-29, then Overnight SOFR + 1.590%), 05/20/2030 (A)		4,613,000		4,770,198
9.250%, (9.250% to 11-17-27, then 5 Year CMT + 4.969%), 11/17/2027 (A)(D)		1,922,000		2,064,878
BPCE SA 5.716%, (5.716% to 1-18-29, then Overnight SOFR + 1.959%), 01/18/2030 (A)		4,423,000		4,574,043
Brookfield Finance, Inc. 6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055		5,783,000		5,733,659
Cantor Fitzgerald LP 7.200%, 12/12/2028 (A)		9,542,000		10,194,651
Capital One Financial Corp. 6.700%, 11/29/2032		6,707,000		7,399,346
Citadel Finance LLC 5.900%, 02/10/2030 (A)		3,312,000		3,360,323
Citigroup, Inc.
2.561%, (2.561% to 5-1-31, then Overnight SOFR + 1.167%), 05/01/2032		5,665,000		5,105,858
6.174%, (6.174% to 5-25-33, then Overnight SOFR + 2.661%), 05/25/2034		6,377,000		6,785,214
Citizens Financial Group, Inc.
3.250%, 04/30/2030		1,035,000		979,865
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031		4,252,000		4,357,755
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032		9,251,000		9,659,324
6.645%, (6.645% to 4-25-34, then Overnight SOFR + 2.325%), 04/25/2035		3,806,000		4,187,778
CNO Financial Group, Inc.
5.250%, 05/30/2029		7,460,000		7,588,709
6.450%, 06/15/2034		2,070,000		2,196,629
CNO Global Funding 4.950%, 09/09/2029 (A)		4,077,000		4,158,091
Comerica, Inc. 5.982%, (5.982% to 1-30-29, then Overnight SOFR + 2.155%), 01/30/2030		3,333,000		3,468,474
Credit Agricole SA
3.250%, 01/14/2030 (A)		10,291,000		9,708,945
5.862%, (5.862% to 1-9-35, then Overnight SOFR + 1.740%), 01/09/2036 (A)		5,525,000		5,808,626
6.316%, (6.316% to 10-3-28, then Overnight SOFR + 1.860%), 10/03/2029 (A)		5,562,000		5,863,627

 

160

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Danske Bank A/S 5.019%, (5.019% to 3-4-30, then 1 Year CMT + 0.930%), 03/04/2031 (A)	$	5,425,000	$	5,527,516
Deutsche Bank AG
4.950%, (4.950% to 8-4-30, then Overnight SOFR + 1.300%), 08/04/2031		4,259,000		4,299,277
5.297%, (5.297% to 5-9-30, then Overnight SOFR + 1.720%), 05/09/2031		3,641,000		3,729,707
6.819%, (6.819% to 11-20-28, then Overnight SOFR + 2.510%), 11/20/2029		3,804,000		4,068,981
Enact Holdings, Inc. 6.250%, 05/28/2029		5,682,000		5,941,287
F&G Annuities & Life, Inc.
6.250%, 10/04/2034		6,018,000		6,137,380
6.500%, 06/04/2029		2,989,000		3,116,354
Fifth Third Bancorp
4.772%, (4.772% to 7-28-29, then SOFR Compounded Index + 2.127%), 07/28/2030		2,420,000		2,447,205
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032		4,235,000		4,439,764
First Citizens BancShares, Inc.
5.231%, (5.231% to 3-12-30, then Overnight SOFR + 1.410%), 03/12/2031		5,649,000		5,732,643
5.600%, (5.600% to 9-5-30, then 5 Year CMT + 1.850%), 09/05/2035		5,187,000		5,173,294
First Horizon Corp. 5.514%, (5.514% to 3-7-30, then Overnight SOFR + 1.766%), 03/07/2031		3,392,000		3,491,616
GA Global Funding Trust
4.500%, 09/18/2030 (A)		6,157,000		6,107,475
5.200%, 12/09/2031 (A)		4,053,000		4,123,590
HPS Corporate Lending Fund 5.950%, 04/14/2032		4,233,000		4,302,769
Huntington Bancshares, Inc.
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031		3,485,000		3,591,877
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039		1,808,000		1,881,426
6.208%, (6.208% to 8-21-28, then Overnight SOFR + 2.020%), 08/21/2029		2,457,000		2,585,839
ING Groep NV
5.335%, (5.335% to 3-19-29, then Overnight SOFR + 1.440%), 03/19/2030		1,634,000		1,686,133
6.114%, (6.114% to 9-11-33, then Overnight SOFR + 2.090%), 09/11/2034		2,482,000		2,684,624
Jefferies Financial Group, Inc. 6.200%, 04/14/2034		4,595,000		4,885,388
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then Overnight SOFR + 2.040%), 04/22/2031		2,662,000		2,469,085
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030		5,672,000		5,738,315

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co. (continued)
4.995%, (4.995% to 7-22-29, then Overnight SOFR + 1.125%), 07/22/2030	$	5,767,000	$	5,915,462
5.012%, (5.012% to 1-23-29, then Overnight SOFR + 1.310%), 01/23/2030		6,182,000		6,333,154
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035		8,146,000		8,413,800
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036		13,595,000		14,093,692
5.581%, (5.581% to 4-22-29, then Overnight SOFR + 1.160%), 04/22/2030		3,242,000		3,386,226
KeyBank NA 5.000%, 01/26/2033		5,744,000		5,781,009
KeyCorp
5.121%, (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%), 04/04/2031 (C)		5,332,000		5,474,857
6.401%, (6.401% to 3-6-34, then SOFR Compounded Index + 2.420%), 03/06/2035		1,989,000		2,158,465
Lazard Group LLC
4.375%, 03/11/2029		4,073,000		4,062,905
6.000%, 03/15/2031		3,245,000		3,429,312
Lloyds Banking Group PLC
6.068%, (6.068% to 6-13-35, then 1 Year CMT + 1.600%), 06/13/2036		3,363,000		3,530,154
6.750%, (6.750% to 9-27-31, then 5 Year CMT + 3.150%), 09/27/2031 (D)		3,030,000		3,101,224
M&T Bank Corp.
5.125%, (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%), 11/01/2026 (D)		4,011,000		3,993,453
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031		2,742,000		2,808,100
5.385%, (5.385% to 1-16-35, then Overnight SOFR + 1.610%), 01/16/2036		4,642,000		4,706,047
5.400%, (5.400% to 7-30-30, then 5 Year CMT + 1.430%), 07/30/2035		4,950,000		4,987,634
Macquarie Airfinance Holdings, Ltd. 5.150%, 03/17/2030 (A)		1,381,000		1,400,306
Macquarie Bank, Ltd. 3.624%, 06/03/2030 (A)		4,283,000		4,081,234
MassMutual Global Funding II 4.350%, 09/17/2031 (A)		4,274,000		4,248,245
MetLife, Inc. 6.400%, (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%), 12/15/2036		4,716,000		4,962,713
Morgan Stanley
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032		2,499,000		2,207,102
2.484%, (2.484% to 9-16-31, then Overnight SOFR + 1.360%), 09/16/2036		9,696,000		8,422,204

 

161

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Morgan Stanley (continued)
5.173%, (5.173% to 1-16-29, then Overnight SOFR + 1.450%), 01/16/2030	$	9,578,000	$	9,844,023
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035		6,945,000		7,166,189
NatWest Group PLC
7.300%, (7.300% to 5-19-35, then 5 Year CMT + 2.937%), 11/19/2034 (D)		5,552,000		5,853,393
8.125%, (8.125% to 5-10-34, then 5 Year CMT + 3.752%), 11/10/2033 (D)		8,497,000		9,565,540
NMI Holdings, Inc. 6.000%, 08/15/2029		5,245,000		5,420,917
Nordea Bank ABP 6.300%, (6.300% to 3-25-32, then 5 Year CMT + 2.660%), 09/25/2031 (A)(C)(D)		8,181,000		8,265,722
Radian Group, Inc. 6.200%, 05/15/2029		7,871,000		8,220,540
Regions Financial Corp.
5.502%, (5.502% to 9-6-34, then Overnight SOFR + 2.060%), 09/06/2035		8,976,000		9,227,950
5.722%, (5.722% to 6-6-29, then Overnight SOFR + 1.490%), 06/06/2030		2,506,000		2,611,823
Reinsurance Group of America, Inc. 6.650%, (6.650% to 9-15-35, then 5 Year CMT + 2.392%), 09/15/2055		2,372,000		2,489,867
Royal Bank of Canada 6.500%, (6.500% to 11-24-35, then 5 Year CMT + 2.462%), 11/24/2085		8,023,000		7,945,361
Simmons First National Corp. 6.250%, (6.250% to 10-1-30, then 3 month CME Term SOFR + 3.020%), 10/01/2035		4,867,000		4,887,461
Sixth Street Lending Partners
5.750%, 01/15/2030		2,339,000		2,376,736
6.125%, 07/15/2030 (A)		2,294,000		2,371,708
Teachers Insurance & Annuity Association of America 4.270%, 05/15/2047 (A)		7,843,000		6,507,739
The Bank of New York Mellon Corp. 4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031		3,287,000		3,376,196
The Charles Schwab Corp. 5.853%, (5.853% to 5-19-33, then Overnight SOFR + 2.500%), 05/19/2034		3,582,000		3,833,579
The Goldman Sachs Group, Inc. 2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032		15,280,000		13,862,310
The PNC Financial Services Group, Inc.
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032		5,467,000		5,542,205
5.575%, (5.575% to 1-29-35, then Overnight SOFR + 1.394%), 01/29/2036		4,018,000		4,192,388

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
The PNC Financial Services Group, Inc. (continued)
5.939%, (5.939% to 8-18-33, then Overnight SOFR + 1.946%), 08/18/2034	$	3,752,000	$	4,024,551
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%), 03/15/2030 (D)		3,312,000		3,398,447
Truist Financial Corp.
5.153%, (5.153% to 8-5-31, then Overnight SOFR + 1.571%), 08/05/2032		5,528,000		5,689,196
5.867%, (5.867% to 6-8-33, then Overnight SOFR + 2.361%), 06/08/2034		12,193,000		12,918,798
6.123%, (6.123% to 10-28-32, then Overnight SOFR + 2.300%), 10/28/2033		3,786,000		4,079,085
U.S. Bancorp
4.839%, (4.839% to 2-1-33, then Overnight SOFR + 1.600%), 02/01/2034		5,850,000		5,875,615
5.083%, (5.083% to 5-15-30, then Overnight SOFR + 1.296%), 05/15/2031		3,880,000		3,989,908
5.384%, (5.384% to 1-23-29, then Overnight SOFR + 1.560%), 01/23/2030		2,246,000		2,322,181
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034		5,750,000		6,127,131
UBS Group AG
5.428%, (5.428% to 2-8-29, then 1 Year CMT + 1.520%), 02/08/2030 (A)		3,698,000		3,820,732
6.301%, (6.301% to 9-22-33, then 1 Year CMT + 2.000%), 09/22/2034 (A)		3,758,000		4,103,271
7.000%, (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%), 02/10/2030 (A)(D)		3,908,000		4,004,723
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (A)(D)		4,875,000		5,016,161
9.250%, (9.250% to 11-13-33, then 5 Year CMT + 4.758%), 11/13/2033 (A)(D)		4,471,000		5,324,366
Webster Financial Corp. 5.784%, (5.784% to 9-11-30, then 5 Year CMT + 2.125%), 09/11/2035		1,983,000		1,983,232
Wells Fargo & Company
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033		17,039,000		15,861,178
5.211%, (5.211% to 12-3-34, then Overnight SOFR + 1.380%), 12/03/2035		4,297,000		4,390,426
5.244%, (5.244% to 1-24-30, then Overnight SOFR + 1.110%), 01/24/2031		3,556,000		3,679,065
6.491%, (6.491% to 10-23-33, then Overnight SOFR + 2.060%), 10/23/2034		7,675,000		8,527,637
				716,373,692

 

162

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care – 2.1%
AbbVie, Inc. 5.050%, 03/15/2034	$	2,015,000	$	2,073,484
Amgen, Inc.
5.250%, 03/02/2033		17,631,000		18,262,910
5.650%, 03/02/2053		6,451,000		6,434,500
Cencora, Inc. 2.800%, 05/15/2030		4,627,000		4,333,310
Centene Corp.
2.625%, 08/01/2031		7,216,000		6,198,725
4.625%, 12/15/2029		12,783,000		12,391,536
CVS Health Corp. 5.000%, 09/15/2032		2,517,000		2,547,799
Fresenius Medical Care US Finance III, Inc.
2.375%, 02/16/2031 (A)		9,496,000		8,385,526
3.750%, 06/15/2029 (A)		5,488,000		5,345,243
HCA, Inc. 5.450%, 04/01/2031		4,457,000		4,632,960
Horizon Mutual Holdings, Inc. 6.200%, 11/15/2034 (A)		6,064,000		5,928,125
Icon Investments Six DAC 5.849%, 05/08/2029		2,297,000		2,397,612
IQVIA, Inc. 6.250%, 02/01/2029		2,930,000		3,084,221
Pfizer Investment Enterprises Pte, Ltd. 4.750%, 05/19/2033		5,425,000		5,480,615
Regeneron Pharmaceuticals, Inc. 1.750%, 09/15/2030		10,161,000		8,961,925
Royalty Pharma PLC 5.150%, 09/02/2029		2,910,000		2,985,700
Solventum Corp.
5.450%, 03/13/2031		7,602,000		7,927,379
5.600%, 03/23/2034		2,563,000		2,668,415
UnitedHealth Group, Inc. 5.950%, 06/15/2055		2,527,000		2,634,643
Universal Health Services, Inc. 2.650%, 10/15/2030		5,928,000		5,351,874
				118,026,502
Industrials – 2.5%
AerCap Ireland Capital DAC
3.300%, 01/30/2032		14,669,000		13,508,586
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056		2,957,000		3,050,557
Air Canada 2015-2 Class AA Pass Through Trust 3.750%, 12/15/2027 (A)		1,362,947		1,335,546
American Airlines 2016-1 Class A Pass Through Trust 4.100%, 01/15/2028		5,415,726		5,279,397
American Airlines 2017-1 Class A Pass Through Trust 4.000%, 02/15/2029		3,397,914		3,273,109
American Airlines 2017-1 Class AA Pass Through Trust 3.650%, 02/15/2029		2,823,219		2,742,848
American Airlines 2017-2 Class A Pass Through Trust 3.600%, 10/15/2029		3,549,827		3,371,466
American Airlines 2019-1 Class A Pass Through Trust 3.500%, 02/15/2032		5,517,829		5,044,354
American Airlines 2019-1 Class AA Pass Through Trust 3.150%, 02/15/2032		4,346,913		4,069,917

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
American Airlines 2021-1 Class A Pass Through Trust 2.875%, 07/11/2034	$	7,313,022	$	6,620,729
American Airlines 2021-1 Class B Pass Through Trust 3.950%, 07/11/2030		1,509,640		1,441,752
Ashtead Capital, Inc.
5.500%, 08/11/2032 (A)		6,583,000		6,812,384
5.550%, 05/30/2033 (A)		4,798,000		4,948,871
BAE Systems PLC 5.250%, 03/26/2031 (A)		1,257,000		1,303,463
British Airways 2018-1 Class A Pass Through Trust 4.125%, 09/20/2031 (A)		1,187,912		1,144,494
British Airways 2020-1 Class A Pass Through Trust 4.250%, 11/15/2032 (A)		2,126,053		2,072,200
British Airways 2020-1 Class B Pass Through Trust 8.375%, 11/15/2028 (A)		654,580		689,807
CIMIC Finance USA Pty, Ltd. 7.000%, 03/25/2034 (A)		2,374,000		2,585,098
DAE Funding LLC 3.375%, 03/20/2028 (A)		6,526,000		6,306,755
Embraer Netherlands Finance BV 7.000%, 07/28/2030 (A)		5,200,000		5,689,606
JetBlue 2019-1 Class AA Pass Through Trust 2.750%, 05/15/2032		4,578,268		4,055,128
Stanley Black & Decker, Inc. 2.300%, 03/15/2030		3,867,000		3,520,474
The Boeing Company 6.528%, 05/01/2034		14,927,000		16,501,293
United Airlines 2016-1 Class A Pass Through Trust 3.450%, 07/07/2028 (C)		5,932,468		5,693,693
United Airlines 2019-1 Class A Pass Through Trust 4.550%, 08/25/2031		2,046,286		1,965,641
United Airlines 2020-1 Class A Pass Through Trust 5.875%, 10/15/2027		5,206,395		5,351,565
United Airlines 2023-1 Class A Pass Through Trust 5.800%, 01/15/2036		6,143,614		6,353,550
United Airlines 2024-1 Class A Pass Through Trust 5.875%, 02/15/2037		4,253,122		4,338,608
United Airlines 2024-1 Class AA Pass Through Trust 5.450%, 02/15/2037		5,239,885		5,389,854
Weir Group, Inc. 5.350%, 05/06/2030 (A)		4,112,000		4,230,200
				138,690,945
Information technology – 2.8%
Broadcom, Inc.
3.419%, 04/15/2033 (A)		13,250,000		12,262,536
4.550%, 02/15/2032		2,361,000		2,377,404
4.800%, 02/15/2036		5,154,000		5,138,276
4.900%, 07/15/2032		7,847,000		8,027,385
4.900%, 02/15/2038		5,474,000		5,444,671
CDW LLC
5.100%, 03/01/2030		1,946,000		1,980,508
5.550%, 08/22/2034		2,595,000		2,660,798

 

163

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Dell International LLC
4.500%, 02/15/2031 (B)	$	6,785,000	$	6,769,315
4.750%, 10/06/2032 (B)		5,580,000		5,555,055
5.100%, 02/15/2036 (B)		5,580,000		5,548,876
5.300%, 04/01/2032		5,643,000		5,825,634
5.400%, 04/15/2034		8,556,000		8,834,219
Foundry JV Holdco LLC
6.100%, 01/25/2036 (A)		5,395,000		5,731,662
6.250%, 01/25/2035 (A)		7,759,000		8,305,359
Gartner, Inc.
3.625%, 06/15/2029 (A)		1,061,000		1,016,604
3.750%, 10/01/2030 (A)		2,532,000		2,391,066
Marvell Technology, Inc. 5.950%, 09/15/2033		7,786,000		8,353,679
Micron Technology, Inc.
2.703%, 04/15/2032		2,913,000		2,592,276
5.300%, 01/15/2031		4,201,000		4,347,170
5.650%, 11/01/2032		4,233,000		4,442,240
5.800%, 01/15/2035		3,463,000		3,643,207
Motorola Solutions, Inc.
2.300%, 11/15/2030		7,547,000		6,821,879
2.750%, 05/24/2031		7,931,000		7,239,872
Oracle Corp.
4.800%, 09/26/2032		3,233,000		3,236,888
5.200%, 09/26/2035		3,771,000		3,791,765
5.250%, 02/03/2032		4,016,000		4,140,282
5.550%, 02/06/2053		8,248,000		7,804,460
Qorvo, Inc.
3.375%, 04/01/2031 (A)		4,008,000		3,682,479
4.375%, 10/15/2029		3,050,000		2,989,706
TD SYNNEX Corp.
2.650%, 08/09/2031		2,185,000		1,960,270
6.100%, 04/12/2034		1,669,000		1,774,341
VMware LLC 4.700%, 05/15/2030		5,569,000		5,637,855
				160,327,737
Materials – 0.2%
Cemex SAB de CV 3.875%, 07/11/2031 (A)		5,190,000		4,925,564
Freeport-McMoRan, Inc. 5.400%, 11/14/2034		4,054,000		4,154,942
JH North America Holdings, Inc.
5.875%, 01/31/2031 (A)		1,058,000		1,074,203
6.125%, 07/31/2032 (A)		1,588,000		1,626,547
				11,781,256
Real estate – 1.0%
American Homes 4 Rent LP 4.950%, 06/15/2030		4,991,000		5,081,944
American Tower Corp.
5.200%, 02/15/2029		4,881,000		5,022,489
5.550%, 07/15/2033		4,181,000		4,376,786
5.650%, 03/15/2033		4,181,000		4,410,124
CoStar Group, Inc. 2.800%, 07/15/2030 (A)		7,216,000		6,606,094
GLP Capital LP
3.250%, 01/15/2032		1,916,000		1,723,771
4.000%, 01/15/2030		2,026,000		1,962,038
Prologis Targeted U.S. Logistics Fund LP 5.250%, 01/15/2035 (A)		6,686,000		6,838,065
Regency Centers LP 5.000%, 07/15/2032		5,222,000		5,342,275
VICI Properties LP
5.125%, 11/15/2031		5,875,000		5,960,895

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
VICI Properties LP (continued)
5.125%, 05/15/2032	$	10,005,000	$	10,103,474
				57,427,955
Utilities – 3.2%
American Electric Power Company, Inc.
5.625%, 03/01/2033		1,903,000		2,000,423
6.050%, (6.050% to 3-15-36, then 5 Year CMT + 1.940%), 03/15/2056		1,307,000		1,308,838
Atlantica Transmision Sur SA 6.875%, 04/30/2043 (A)		1,931,276		2,073,233
Capital Power US Holdings, Inc.
5.257%, 06/01/2028 (A)		2,149,000		2,189,833
6.189%, 06/01/2035 (A)		3,631,000		3,808,826
CenterPoint Energy, Inc.
5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056		3,275,000		3,275,000
6.850%, (6.850% to 2-15-35, then 5 Year CMT + 2.946%), 02/15/2055		4,990,000		5,292,913
7.000%, (7.000% to 2-15-30, then 5 Year CMT + 3.254%), 02/15/2055		5,018,000		5,228,957
Constellation Energy Generation LLC 6.500%, 10/01/2053		3,014,000		3,358,894
Dominion Energy, Inc.
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056		4,397,000		4,428,457
6.200%, (6.200% to 2-15-36, then 5 Year CMT + 2.006%), 02/15/2056		5,422,000		5,457,480
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055		3,886,000		4,067,376
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054		2,015,000		2,184,838
Duke Energy Carolinas LLC 4.950%, 01/15/2033		4,993,000		5,133,307
Duke Energy Corp. 5.750%, 09/15/2033		6,099,000		6,478,123
Electricite de France SA 5.650%, 04/22/2029 (A)		7,718,000		8,048,323
Eversource Energy 5.125%, 05/15/2033		5,079,000		5,149,733
Exelon Corp.
5.125%, 03/15/2031		2,378,000		2,451,814
6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055		1,370,000		1,431,921
Georgia Power Company 4.950%, 05/17/2033		3,179,000		3,242,876
Indianapolis Power & Light Company 5.650%, 12/01/2032 (A)		8,098,000		8,481,297
National Grid PLC 5.809%, 06/12/2033		7,098,000		7,566,843
NextEra Energy Capital Holdings, Inc.
2.250%, 06/01/2030		12,135,000		11,079,525
6.375%, (6.375% to 8-15-30, then 5 Year CMT + 2.053%), 08/15/2055		3,173,000		3,294,719
6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055		1,142,000		1,209,682
6.700%, (6.700% to 9-1-29, then 5 Year CMT + 2.364%), 09/01/2054		2,781,000		2,876,925
NiSource, Inc. 3.600%, 05/01/2030		3,695,000		3,578,076
NRG Energy, Inc.
4.450%, 06/15/2029 (A)		4,211,000		4,175,585
5.407%, 10/15/2035 (A)		2,188,000		2,195,441
7.000%, 03/15/2033 (A)		5,799,000		6,411,943
Pacific Gas & Electric Company
4.950%, 07/01/2050		2,999,000		2,574,002

 

164

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
Pacific Gas & Electric Company (continued)
5.800%, 05/15/2034	$	4,575,000	$	4,740,449
Sempra
5.500%, 08/01/2033		5,256,000		5,478,282
6.400%, (6.400% to 10-1-34, then 5 Year CMT + 2.632%), 10/01/2054		4,971,000		5,079,318
6.875%, (6.875% to 10-1-29, then 5 Year CMT + 2.789%), 10/01/2054		3,793,000		3,930,193
The Southern Company
5.200%, 06/15/2033		2,123,000		2,182,561
5.700%, 03/15/2034		4,792,000		5,061,090
6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055		5,146,000		5,483,588
Vistra Operations Company LLC
4.300%, 07/15/2029 (A)		8,669,000		8,602,369
6.000%, 04/15/2034 (A)		6,393,000		6,740,185
6.950%, 10/15/2033 (A)		4,932,000		5,500,857
				182,854,095
TOTAL CORPORATE BONDS (Cost $1,739,869,136)			$	1,767,121,167
MUNICIPAL BONDS – 0.4%
Foothill-Eastern Transportation Corridor Agency (California) 4.094%, 01/15/2049		5,178,000		4,164,399
Golden State Tobacco Securitization Corp. (California) 4.214%, 06/01/2050		4,967,000		3,681,026
Maryland Health & Higher Educational Facilities Authority 3.197%, 07/01/2050		8,929,000		6,113,376
Ohio Turnpike & Infrastructure Commission 3.216%, 02/15/2048		2,540,000		1,887,877
Regents of the University of California Medical Center 3.006%, 05/15/2050		8,900,000		5,887,925
TOTAL MUNICIPAL BONDS (Cost $30,629,080)			$	21,734,603
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.0%
Commercial and residential – 3.9%
Angel Oak Mortgage Trust LLC
Series 2020-R1, Class A1, 0.990%, 04/25/2053 (A)(E)		1,213,861		1,153,130
Series 2021-4, Class A1, 1.035%, 01/20/2065 (A)(E)		4,223,521		3,565,813
Series 2021-5, Class A1, 0.951%, 07/25/2066 (A)(E)		3,431,646		2,998,618
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter), 4.800%, 11/26/2068 (A)		3,936,304		3,915,223
Series 2024-5, Class A1 (4.950% to 4-1-28, then 5.950% thereafter), 4.950%, 07/25/2068 (A)		6,387,746		6,360,575
Arroyo Mortgage Trust Series 2021-1R, Class A1 1.175%, 10/25/2048 (A)(E)		1,798,642		1,627,140
Avenue of Americas
Series 2025-1301, Class A, 5.227%, 08/11/2042 (A)(E)		4,234,000		4,288,489
Series 2025-1301, Class B, 5.478%, 08/11/2042 (A)(E)		1,884,000		1,908,882

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BAHA Trust Series 2024-MAR, Class A 6.171%, 12/10/2041 (A)(E)	$	5,739,000	$	5,934,451
BBCMS Mortgage Trust
Series 2020-C6, Class A2, 2.690%, 02/15/2053		1,415,955		1,333,206
Series 2024-5C29, Class A3, 5.208%, 09/15/2057		7,135,000		7,324,642
Series 2024-5C31, Class A3, 5.609%, 12/15/2057		1,692,000		1,765,255
Benchmark Mortgage Trust Series 2024-V12, Class A3 5.738%, 12/15/2057		5,560,000		5,824,811
BMO Mortgage Trust Series 2024-5C8, Class A3 5.625%, 12/15/2057 (E)		1,751,000		1,824,788
BRAVO Residential Funding Trust Series 2021-NQM1, Class A1 0.941%, 02/25/2049 (A)(E)		1,615,506		1,515,691
BX Trust
Series 2019-OC11, Class A, 3.202%, 12/09/2041 (A)		2,429,000		2,295,376
Series 2021-MFM1, Class D (1 month CME Term SOFR + 1.614%), 5.764%, 01/15/2034 (A)(F)		1,344,000		1,344,000
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (A)		3,485,000		3,510,576
BXHPP Trust Series 2021-FILM, Class C (1 month CME Term SOFR + 1.214%) 5.364%, 08/15/2036 (A)(F)		11,543,000		10,545,122
Cantor Commercial Real Estate Lending Series 2019-CF1, Class A2 3.623%, 05/15/2052		5,705,649		5,564,243
CENT Trust Series 2025-CITY, Class A 5.091%, 07/10/2040 (A)(E)		2,769,000		2,800,318
Citigroup Commercial Mortgage Trust
Series 2020-GC46, Class A2, 2.708%, 02/15/2053		2,381,317		2,344,623
Series 2023-SMRT, Class A, 6.015%, 10/12/2040 (A)(E)		4,564,000		4,704,087
COLT Mortgage Loan Trust
Series 2021-3, Class A1, 0.956%, 09/27/2066 (A)(E)		2,538,318		2,132,014
Series 2021-HX1, Class A1, 1.110%, 10/25/2066 (A)(E)		2,520,766		2,183,318
Series 2025-6, Class A1 (5.529% to 7-1-29, then 6.529% thereafter), 5.529%, 08/25/2070 (A)		2,272,860		2,293,259
COLT Trust Series 2020-RPL1, Class A1 1.390%, 01/25/2065 (A)(E)		5,975,587		5,188,643
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) Series 2020-CX, Class D 2.773%, 11/10/2046 (A)(E)		2,811,000		2,307,924
Credit Suisse Mortgage Capital Certificates
Series 2021-AFC1, Class A1, 0.830%, 03/25/2056 (A)(E)		284,121		234,495
Series 2021-NQM2, Class A1, 1.179%, 02/25/2066 (A)(E)		1,045,995		938,662

 

165

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

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-NQM3, Class A1, 1.015%, 04/25/2066 (A)(E)	$	1,615,031	$	1,397,129
Series 2021-NQM6, Class A1, 1.174%, 07/25/2066 (A)(E)		3,755,721		3,221,015
Series 2021-RPL2, Class A1A, 1.115%, 01/25/2060 (A)(E)		5,548,803		4,720,065
DBJPM Mortgage Trust Series 2020-C9, Class A2 1.900%, 08/15/2053		317,544		316,950
Deephaven Residential Mortgage Trust Series 2021-2, Class A1 0.899%, 04/25/2066 (A)(E)		2,927,563		2,601,084
Ellington Financial Mortgage Trust
Series 2021-1, Class A1, 0.797%, 02/25/2066 (A)(E)		494,058		432,402
Series 2021-2, Class A1, 0.931%, 06/25/2066 (A)(E)		1,650,387		1,387,968
Flagstar Mortgage Trust Series 2021-1, Class A2 2.500%, 02/01/2051 (A)(E)		6,304,164		5,219,158
GCAT Trust
Series 2021-NQM1, Class A1, 0.874%, 01/25/2066 (A)(E)		1,132,209		1,012,798
Series 2021-NQM2, Class A1, 1.036%, 05/25/2066 (A)(E)		1,306,972		1,125,903
Series 2021-NQM3, Class A1, 1.091%, 05/25/2066 (A)(E)		2,611,113		2,267,962
Series 2025-NQM5, Class A1, 4.981%, 08/25/2070 (A)(E)		2,658,000		2,656,693
GS Mortgage-Backed Securities Trust
Series 2020-NQM1, Class A1, 1.382%, 09/27/2060 (A)(E)		603,016		571,731
Series 2021-NQM1, Class A1, 1.017%, 07/25/2061 (A)(E)		1,603,748		1,449,749
Hudson Yards Mortgage Trust Series 2025-SPRL, Class A 5.649%, 01/13/2040 (A)(E)		4,732,000		4,890,036
Imperial Fund Mortgage Trust Series 2021-NQM1, Class A1 1.071%, 06/25/2056 (A)(E)		2,122,890		1,862,305
MFA Trust Series 2021-NQM1, Class A1 1.153%, 04/25/2065 (A)(E)		1,293,588		1,218,513
New Residential Mortgage Loan Trust Series 2020-1A, Class A1B 3.500%, 10/25/2059 (A)(E)		1,810,539		1,706,412
NMLT Trust Series 2021-INV1, Class A1 1.185%, 05/25/2056 (A)(E)		4,130,130		3,643,972
NXPT Commercial Mortgage Trust Series 2024-STOR, Class A 4.455%, 11/05/2041 (A)(E)		2,963,000		2,931,115
NYMT Loan Trust
Series 2022-CP1, Class A1, 2.042%, 07/25/2061 (A)		1,185,488		1,118,656
Series 2025-INV2, Class A1, 5.000%, 10/25/2060 (A)		4,066,000		4,063,463
OBX Trust
Series 2020-EXP2, Class A3, 2.500%, 05/25/2060 (A)(E)		1,575,414		1,318,801

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
OBX Trust (continued)
Series 2021-NQM2, Class A1, 1.101%, 05/25/2061 (A)(E)	$	3,030,807	$	2,515,686
Series 2021-NQM3, Class A1, 1.054%, 07/25/2061 (A)(E)		2,775,768		2,286,176
Series 2025-NQM14, Class A1 (5.162% to 7-1-29, then 6.162% thereafter), 5.162%, 07/25/2065 (A)		2,043,829		2,057,570
Series 2025-NQM18, Class A1, 5.057%, 09/25/2065 (A)(E)		1,695,000		1,695,067
Provident Funding Mortgage Trust Series 2020-F1, Class A2 2.000%, 01/25/2036 (A)(E)		3,649,374		3,260,632
ROCK Trust
Series 2024-CNTR, Class A, 5.388%, 11/13/2041 (A)		4,734,000		4,877,515
Series 2024-CNTR, Class D, 7.109%, 11/13/2041 (A)		5,978,000		6,235,811
SLG Office Trust Series 2021-OVA, Class C 2.851%, 07/15/2041 (A)		8,579,000		7,588,292
Starwood Mortgage Residential Trust
Series 2021-2, Class A1, 0.943%, 05/25/2065 (A)(E)		1,018,025		960,418
Series 2022-1, Class A1, 2.447%, 12/25/2066 (A)(E)		4,349,674		3,927,864
Towd Point Mortgage Trust
Series 2018-4, Class A1, 3.000%, 06/25/2058 (A)(E)		1,810,774		1,720,720
Series 2019-4, Class A1, 2.900%, 10/25/2059 (A)(E)		2,072,498		1,991,639
Series 2020-4, Class A1, 1.750%, 10/25/2060 (A)		2,885,046		2,628,276
Series 2024-1, Class A1, 4.876%, 03/25/2064 (A)(E)		5,341,058		5,426,259
Series 2024-3, Class A1A, 5.043%, 07/25/2065 (A)(E)		3,036,628		3,070,491
Series 2024-4, Class A1A, 4.541%, 10/27/2064 (A)(E)		2,103,240		2,107,027
VDCM Commercial Mortgage Trust Series 2025-AZ, Class A 5.229%, 07/13/2044 (A)(E)		3,228,000		3,260,543
Verus Securitization Trust
Series 2021-1, Class A1, 0.815%, 01/25/2066 (A)(E)		1,901,276		1,709,678
Series 2021-3, Class A1, 1.046%, 06/25/2066 (A)(E)		2,482,002		2,183,085
Series 2021-4, Class A1, 0.938%, 07/25/2066 (A)(E)		1,090,711		927,189
Series 2021-5, Class A1, 1.013%, 09/25/2066 (A)(E)		2,179,109		1,897,595
Series 2021-R2, Class A1, 0.918%, 02/25/2064 (A)(E)		1,676,496		1,564,229
Visio Trust Series 2020-1R, Class A1 1.312%, 11/25/2055 (A)		914,190		882,914
Wells Fargo Commercial Mortgage Trust
Series 2025-5C4, Class A3, 5.673%, 05/15/2058		3,175,000		3,327,192
Series 2025-5C6, Class A3, 5.186%, 10/15/2058 (B)		3,719,000		3,826,390

 

166

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
WHARF Commercial Mortgage Trust Series 2025-DC, Class A 5.528%, 07/15/2040 (A)(E)	$	2,231,000	$	2,288,049
				225,077,561
U.S. Government Agency – 1.1%
Government National Mortgage Association
Series 2012-114, Class IO, 0.609%, 01/16/2053		9,754,959		145,497
Series 2016-174, Class IO, 0.726%, 11/16/2056		7,556,488		236,622
Series 2017-109, Class IO, 0.225%, 04/16/2057		8,605,008		92,666
Series 2017-124, Class IO, 0.625%, 01/16/2059		11,408,341		397,218
Series 2017-135, Class IO, 0.695%, 10/16/2058		33,492,863		1,077,452
Series 2017-140, Class IO, 0.485%, 02/16/2059		17,939,666		481,725
Series 2017-159, Class IO, 0.430%, 06/16/2059		25,461,057		643,709
Series 2017-20, Class IO, 0.490%, 12/16/2058		22,016,377		458,082
Series 2017-22, Class IO, 0.773%, 12/16/2057		11,060,037		403,263
Series 2017-41, Class IO, 0.498%, 07/16/2058		6,096,150		145,324
Series 2017-46, Class IO, 0.648%, 11/16/2057		12,003,743		449,522
Series 2017-61, Class IO, 0.688%, 05/16/2059		13,445,398		467,913
Series 2018-158, Class IO, 0.797%, 05/16/2061		19,272,558		1,149,822
Series 2018-69, Class IO, 0.609%, 04/16/2060		20,325,666		918,836
Series 2019-131, Class IO, 0.803%, 07/16/2061		25,800,837		1,474,714
Series 2020-100, Class IO, 0.786%, 05/16/2062		27,381,789		1,645,706
Series 2020-108, Class IO, 0.847%, 06/16/2062		66,014,284		3,811,790
Series 2020-114, Class IO, 0.798%, 09/16/2062		63,377,931		3,408,763
Series 2020-118, Class IO, 0.884%, 06/16/2062		47,722,533		2,988,323
Series 2020-119, Class IO, 0.607%, 08/16/2062		26,270,703		1,216,286
Series 2020-120, Class IO, 0.758%, 05/16/2062		14,505,978		849,374
Series 2020-137, Class IO, 0.798%, 09/16/2062		84,681,124		4,900,725
Series 2020-150, Class IO, 0.966%, 12/16/2062		42,858,787		3,009,741
Series 2020-170, Class IO, 0.836%, 11/16/2062		55,591,353		3,597,494
Series 2020-92, Class IO, 0.881%, 02/16/2062		62,941,882		3,607,577
Series 2021-10, Class IO, 0.987%, 05/16/2063		40,042,153		2,970,579
Series 2021-11, Class IO, 1.021%, 12/16/2062		62,087,739		4,554,800
Series 2021-203, Class IO, 0.870%, 07/16/2063		52,725,616		3,429,559

Select Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2021-3, Class IO, 0.870%, 09/16/2062	$	72,963,656	$	4,665,865
Series 2021-40, Class IO, 0.822%, 02/16/2063		18,884,728		1,163,552
Series 2022-181, Class IO, 0.720%, 07/16/2064		20,005,888		1,210,950
Series 2022-21, Class IO, 0.785%, 10/16/2063		18,124,177		1,001,122
Series 2023-197, Class IO, 1.241%, 09/16/2065		13,076,771		1,101,981
Series 2025-128, Class IO, 0.926%, 09/16/2067		43,529,909		3,595,893
				61,272,445
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $358,660,664)			$	286,350,006
ASSET-BACKED SECURITIES – 7.4%
ABPCI Direct Lending Fund I, Ltd. Series 2020-1A, Class A 3.199%, 12/29/2030 (A)		3,695,659		3,652,980
Aligned Data Centers Issuer LLC
Series 2021-1A, Class A2 1.937%, 08/15/2046 (A)		1,331,000		1,299,159
Series 2023-2A, Class A2 6.500%, 11/16/2048 (A)		4,198,000		4,276,546
AMSR Trust
Series 2021-SFR1, Class B 2.153%, 06/17/2038 (A)		4,329,000		4,047,465
Series 2025-SFR1, Class A 3.655%, 06/17/2042 (A)		1,763,000		1,694,950
Series 2025-SFR2, Class A 4.275%, 11/17/2030 (A)		4,066,000		4,006,610
Aqua Finance Trust Series 2021-A, Class A 1.540%, 07/17/2046 (A)		1,175,698		1,089,746
Arby's Funding LLC Series 2020-1A, Class A2 3.237%, 07/30/2050 (A)		7,477,450		7,220,715
Avis Budget Rental Car Funding AESOP LLC Series 2024-1A, Class A 5.360%, 06/20/2030 (A)		2,829,000		2,925,861
Beacon Container Finance II LLC Series 2021-1A, Class A 2.250%, 10/22/2046 (A)		6,278,609		5,843,340
Capital Automotive REIT
Series 2024-2A, Class A1 4.900%, 05/15/2054 (A)		1,198,480		1,197,218
Series 2024-3A, Class A1 4.400%, 10/15/2054 (A)		3,980,160		3,876,810
CARS-DB7 LP Series 2023-1A, Class A1 5.750%, 09/15/2053 (A)		7,366,875		7,426,786
CARS-DB8 LP Series 2024-2A, Class A2 5.250%, 05/15/2054 (A)		1,891,933		1,883,608
CF Hippolyta Issuer LLC
Series 2020-1, Class A1 1.690%, 07/15/2060 (A)		5,890,123		5,059,280
Series 2021-1A, Class A1 1.530%, 03/15/2061 (A)		5,574,120		4,640,562

 

167

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
CLI Funding IX LLC Series 2025-1A, Class A 5.350%, 06/20/2050 (A)	$	3,438,330	$	3,485,460
CLI Funding VI LLC Series 2020-1A, Class A 2.080%, 09/18/2045 (A)		5,393,694		5,047,436
CLI Funding VIII LLC
Series 2021-1A, Class A 1.640%, 02/18/2046 (A)		3,626,753		3,351,065
Series 2022-1A, Class A 2.720%, 01/18/2047 (A)		2,580,999		2,385,930
Cloud Capital Holdco LP Series 2024-2A, Class A2 5.923%, 11/22/2049 (A)		3,609,000		3,683,398
Compass Datacenters Issuer II LLC
Series 2024-1A, Class A1 5.250%, 02/25/2049 (A)		4,135,000		4,165,625
Series 2025-1A, Class A1 5.316%, 05/25/2050 (A)		3,200,000		3,240,009
Compass Datacenters Issuer III LLC Series 2025-2A, Class A2 5.835%, 02/25/2050 (A)		1,873,000		1,923,982
Concord Music Royalties LLC Series 2025-2A, Class A 5.785%, 07/20/2075 (A)		3,049,000		3,085,598
Consolidated Communications LLC Series 2025-1A, Class A2 6.000%, 05/20/2055 (A)		3,904,000		4,000,924
CyrusOne Data Centers Issuer I LLC
Series 2023-1A, Class A2 4.300%, 04/20/2048 (A)		6,638,000		6,516,906
Series 2024-2A, Class A2 4.500%, 05/20/2049 (A)		6,239,000		6,134,495
DataBank Issuer
Series 2021-1A, Class A2 2.060%, 02/27/2051 (A)		8,989,000		8,880,139
Series 2021-2A, Class A2 2.400%, 10/25/2051 (A)		6,603,000		6,413,033
DB Master Finance LLC Series 2017-1A, Class A2II 4.030%, 11/20/2047 (A)		2,717,650		2,686,558
Diamond Infrastructure Funding LLC Series 2021-1A, Class A 1.760%, 04/15/2049 (A)		6,287,000		6,029,586
Domino's Pizza Master Issuer LLC
Series 2019-1A, Class A2 3.668%, 10/25/2049 (A)		2,664,000		2,562,505
Series 2021-1A, Class A2I 2.662%, 04/25/2051 (A)		5,659,950		5,350,676
Series 2025-1A, Class A2I 4.930%, 07/25/2055 (A)		2,304,000		2,317,275
Series 2025-1A, Class A2II 5.217%, 07/25/2055 (A)		2,678,000		2,699,165
Driven Brands Funding LLC
Series 2020-2A, Class A2 3.237%, 01/20/2051 (A)		5,255,198		5,077,351
Series 2021-1A, Class A2 2.791%, 10/20/2051 (A)		6,259,988		5,900,165
Series 2024-1A, Class A2 6.372%, 10/20/2054 (A)		7,171,560		7,423,659
Series 2025-1A, Class A2 5.296%, 10/20/2055 (A)		2,939,000		2,932,005
ExteNet Issuer LLC Series 2024-1A, Class A2 5.335%, 07/25/2054 (A)		6,316,000		6,358,345

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
FirstKey Homes Trust Series 2021-SFR1, Class C 1.888%, 08/17/2038 (A)	$	6,871,000	$	6,691,273
GM Financial Revolving Receivables Trust Series 2024-1, Class A 4.980%, 12/11/2036 (A)		3,257,000		3,342,343
GMF Floorplan Owner Revolving Trust Series 2024-2A, Class A 5.060%, 03/15/2031 (A)		4,681,000		4,824,536
Golub Capital Partners Funding, Ltd.
Series 2020-1A, Class A2 3.208%, 01/22/2029 (A)		1,758,221		1,755,578
Series 2021-1A, Class A2 2.773%, 04/20/2029 (A)		3,658,989		3,644,093
HI-FI Music IP Issuer LP Series 2022-1A, Class A2 3.939%, 02/01/2062 (A)		6,407,000		6,310,836
Hotwire Funding LLC Series 2023-1A, Class A2 5.687%, 05/20/2053 (A)		5,519,000		5,577,551
Invitation Homes Trust Series 2024-SFR1, Class A 4.000%, 09/17/2041 (A)		6,355,114		6,242,387
Jersey Mike's Funding LLC
Series 2024-1A, Class A2 5.636%, 02/15/2055 (A)		4,759,085		4,849,889
Series 2025-1A, Class A2 5.610%, 08/16/2055 (A)		4,329,000		4,420,299
Lyra Music Assets LP Series 2025-1A, Class A2 5.604%, 09/20/2065 (A)		2,784,000		2,815,364
MetroNet Infrastructure Issuer LLC Series 2025-2A, Class A2 5.400%, 08/20/2055 (A)		3,802,000		3,858,796
Monroe Capital Funding, Ltd. Series 2021-1A, Class A2 2.815%, 04/22/2031 (A)		3,494,123		3,469,510
Navient Student Loan Trust Series 2020-2A, Class A1A 1.320%, 08/26/2069 (A)		2,262,699		1,979,557
Neighborly Issuer LLC
Series 2021-1A, Class A2 3.584%, 04/30/2051 (A)		7,632,233		7,230,552
Series 2022-1A, Class A2 3.695%, 01/30/2052 (A)		2,950,005		2,762,045
New Economy Assets - Phase 1 Sponsor LLC
Series 2021-1, Class A1 1.910%, 10/20/2061 (A)		8,463,000		7,059,384
Series 2021-1, Class B1 2.410%, 10/20/2061 (A)		4,174,000		2,772,149
NRZ Excess Spread-Collateralized Notes
Series 2020-PLS1, Class A 3.844%, 12/25/2025 (A)		791,270		788,441
Series 2021-FHT1, Class A 3.104%, 07/25/2026 (A)		735,078		723,319
Progress Residential Trust
Series 2024-SFR1, Class A 3.350%, 02/17/2041 (A)		4,993,130		4,819,613
Series 2025-SFR1, Class A 3.400%, 02/17/2042 (A)		4,074,965		3,892,701
Series 2025-SFR2, Class A 3.305%, 04/17/2042 (A)		2,696,220		2,558,067
Series 2025-SFR5, Class A 3.850%, 10/17/2042 (A)		3,293,000		3,167,416

 

168

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A 5.000%, 09/15/2048 (A)	$	6,011,000	$	6,016,856
RIN II, Ltd. Series 2019-1A, Class AR (3 month CME Term SOFR + 1.480%) 5.798%, 01/15/2038 (A)(F)		3,022,000		3,028,265
RIN XII LLC Series 2025-1A, Class A1 (3 month CME Term SOFR + 1.300%) 5.618%, 04/15/2038 (A)(F)		3,091,000		3,087,649
Scalelogix ABS Issuer LLC Series 2025-1A, Class A2 5.673%, 07/25/2055 (A)		3,306,000		3,306,714
SEB Funding LLC Series 2024-1A, Class A2 7.386%, 04/30/2054 (A)		6,701,000		6,853,142
SERVPRO Master Issuer LLC
Series 2021-1A, Class A2 2.394%, 04/25/2051 (A)		3,987,988		3,757,448
Series 2024-1A, Class A2 6.174%, 01/25/2054 (A)		2,654,575		2,742,859
Sesac Finance LLC Series 2025-1, Class A2 5.500%, 07/25/2055 (A)		3,710,000		3,695,289
SMB Private Education Loan Trust
Series 2021-A, Class APT2 1.070%, 01/15/2053 (A)		1,337,688		1,219,230
Series 2024-A, Class A1A 5.240%, 03/15/2056 (A)		5,129,383		5,238,842
Series 2024-E, Class A1A 5.090%, 10/16/2056 (A)		3,921,454		3,971,049
Sonic Capital LLC
Series 2020-1A, Class A2I 3.845%, 01/20/2050 (A)		4,596,814		4,530,298
Series 2020-1A, Class A2II 4.336%, 01/20/2050 (A)		4,088,061		3,952,504
Series 2021-1A, Class A2I 2.190%, 08/20/2051 (A)		4,394,880		4,062,211
Subway Funding LLC
Series 2024-1A, Class A2I 6.028%, 07/30/2054 (A)		2,875,273		2,914,967
Series 2024-1A, Class A2II 6.268%, 07/30/2054 (A)		2,576,530		2,642,804
Series 2024-3A, Class A23 5.914%, 07/30/2054 (A)		6,225,953		6,201,334
Sunbird Engine Finance LLC Series 2020-1A, Class A 3.671%, 02/15/2045 (A)		883,621		868,325
Switch ABS Issuer LLC
Series 2024-2A, Class A2 5.436%, 06/25/2054 (A)		1,852,000		1,861,350
Series 2025-1A, Class A2 5.036%, 03/25/2055 (A)		5,975,000		5,919,531
Taco Bell Funding LLC
Series 2025-1A, Class A2I 4.821%, 08/25/2055 (A)		3,628,000		3,635,579
Series 2025-1A, Class A2II 5.049%, 08/25/2055 (A)		3,465,000		3,473,222
TIF Funding II LLC
Series 2020-1A, Class A 2.090%, 08/20/2045 (A)		5,505,863		5,229,075
Series 2021-1A, Class A 1.650%, 02/20/2046 (A)		3,236,970		2,952,600

Select Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
T-Mobile US Trust Series 2025-2A, Class A 4.340%, 04/22/2030 (A)	$	3,247,000	$	3,269,474
Tricon American Homes Trust Series 2020-SFR2, Class A 1.482%, 11/17/2039 (A)		4,309,088		4,074,114
Triton Container Finance VIII LLC
Series 2020-1A, Class A 2.110%, 09/20/2045 (A)		5,599,350		5,245,731
Series 2021-1A, Class A 1.860%, 03/20/2046 (A)		3,147,398		2,906,171
Uniti Fiber Issuer LLC Series 2025-1A, Class A2 5.877%, 04/20/2055 (A)		2,382,000		2,439,207
Vantage Data Centers LLC Series 2020-2A, Class A2 1.992%, 09/15/2045 (A)		3,647,000		3,454,342
VCP RRL ABS I, Ltd. Series 2021-1A, Class A 2.152%, 10/20/2031 (A)		953,597		929,322
Verizon Master Trust Series 2024-5, Class A 5.000%, 06/21/2032 (A)		7,072,000		7,288,231
Wendy's Funding LLC Series 2021-1A, Class A2I 2.370%, 06/15/2051 (A)		6,321,382		5,870,610
Willis Engine Structured Trust V Series 2020-A, Class A 3.228%, 03/15/2045 (A)		1,439,584		1,383,173
Willis Engine Structured Trust VIII Series 2025-A, Class A 5.582%, 06/15/2050 (A)		1,894,559		1,918,573
Wingstop Funding LLC
Series 2020-1A, Class A2 2.841%, 12/05/2050 (A)		9,947,515		9,603,343
Series 2024-1A, Class A2 5.858%, 12/05/2054 (A)		2,651,000		2,743,400
Zaxby's Funding LLC Series 2021-1A, Class A2 3.238%, 07/30/2051 (A)		4,177,920		3,940,514
Zayo Issuer LLC Series 2025-1A, Class A2 5.648%, 03/20/2055 (A)		4,138,000		4,214,293
TOTAL ASSET-BACKED SECURITIES (Cost $424,915,047)			$	417,790,266
SHORT-TERM INVESTMENTS – 3.3%
Short-term funds – 3.3%
John Hancock Collateral Trust, 4.0668% (G)(H)		18,433,618		184,398,847
TOTAL SHORT-TERM INVESTMENTS (Cost $184,400,030)			$	184,398,847
Total Investments (Select Bond Trust) (Cost $5,854,742,654) – 100.7%			$	5,708,189,287
Other assets and liabilities, net – (0.7%)				(36,867,926)
TOTAL NET ASSETS – 100.0%			$	5,671,321,361

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR	Secured Overnight Financing Rate

 

169

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)

(A)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $1,041,942,793 or 18.4% of the fund's net assets as of 9-30-25.
(B)	Security purchased or sold on a when-issued or delayed-delivery basis.
(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $15,427,211.
(D)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(F)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(G)	The rate shown is the annualized seven-day yield as of 9-30-25.
(H)	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 $15,743,677.

Short Term Government Income Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 97.1%
U.S. Government – 53.5%
U.S. Treasury Notes
3.625%, 08/15/2028 to 08/31/2030	$	122,450,000	$	122,215,136
3.875%, 07/31/2027		9,250,000		9,287,939
				131,503,075
U.S. Government Agency – 43.6%
Federal Agricultural Mortgage Corp.
4.300%, 02/24/2028		13,300,000		13,479,313
4.350%, 01/28/2028		8,615,000		8,742,370
4.740%, 03/25/2030		5,420,000		5,431,113
Federal Farm Credit Bank
0.680%, 01/13/2027		6,000,000		5,775,935
1.600%, 12/14/2026		2,000,000		1,950,615
4.330%, 03/18/2030		10,000,000		10,059,823
4.470%, 03/05/2030		3,000,000		3,024,494
4.900%, 03/19/2031		3,500,000		3,504,703
Federal Home Loan Bank
0.900%, 02/26/2027		2,000,000		1,920,649
2.750%, 03/25/2027		2,600,000		2,565,216
4.050%, 09/23/2030		5,000,000		4,985,786
4.500%, 03/26/2029 to 02/26/2030		13,000,000		13,010,117
Federal Home Loan Mortgage Corp.
0.800%, 10/27/2026		2,000,000		1,942,327
2.500%, 09/01/2034		1,079,752		1,027,217
3.000%, 07/01/2030 to 12/01/2032		871,437		853,443
3.500%, 04/01/2032		420,894		415,190
4.085%, 09/18/2030		3,500,000		3,495,917
4.250%, 08/25/2027		2,000,000		1,997,363
4.300%, 03/13/2030		5,000,000		5,016,326
4.650%, 10/09/2029		2,000,000		2,000,288
4.750%, 10/11/2029		2,000,000		1,995,016
6.000%, 10/01/2052 to 03/01/2054		2,498,916		2,573,303
6.607%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.617%), 05/01/2045 (A)		189,554		195,514
7.000%, 04/01/2031 to 04/01/2032		143		149
Federal National Mortgage Association
2.500%, 10/01/2027 to 09/01/2034		1,142,719		1,091,123
3.000%, 03/01/2028 to 09/01/2034		2,318,081		2,271,301

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage Association (continued)
3.500%, 07/01/2031 to 06/01/2034	$	1,746,519	$	1,721,925
4.050%, 09/23/2027		5,000,000		4,998,263
6.000%, 08/01/2053 to 11/01/2053		925,248		952,797
6.500%, 01/01/2039		157,208		167,223
7.000%, 12/01/2026 to 01/01/2029		258		269
8.000%, 09/01/2029 to 09/01/2030		394		413
				107,165,501
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $239,829,056)			$	238,668,576
MUNICIPAL BONDS – 1.6%
City of New York, GO 1.990%, 10/01/2026		1,000,000		981,980
County of Orange (Florida) 2.280%, 01/01/2026		1,000,000		995,597
State of California, GO 2.375%, 10/01/2026		1,000,000		986,641
State of Wisconsin 2.299%, 05/01/2028		900,000		865,874
TOTAL MUNICIPAL BONDS (Cost $3,871,821)			$	3,830,092
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.3%
U.S. Government Agency – 0.3%
Government National Mortgage Association
Series 2012-114, Class IO, 0.609%, 01/16/2053		664,302		9,908
Series 2017-109, Class IO, 0.225%, 04/16/2057		639,334		6,885
Series 2017-124, Class IO, 0.625%, 01/16/2059		682,121		23,750
Series 2017-140, Class IO, 0.485%, 02/16/2059		597,202		16,036
Series 2017-20, Class IO, 0.490%, 12/16/2058		1,364,521		28,391
Series 2017-41, Class IO, 0.498%, 07/16/2058		549,546		13,100
Series 2017-46, Class IO, 0.648%, 11/16/2057		1,072,749		40,173
Series 2017-61, Class IO, 0.688%, 05/16/2059		463,305		16,123
Series 2017-74, Class IO, 0.395%, 09/16/2058		1,191,142		19,338
Series 2017-89, Class IO, 0.437%, 07/16/2059		572,377		14,161
Series 2018-9, Class IO, 0.444%, 01/16/2060		1,289,014		38,477
Series 2020-118, Class IO, 0.884%, 06/16/2062		1,304,986		81,717
Series 2020-119, Class IO, 0.607%, 08/16/2062		723,916		33,516
Series 2020-120, Class IO, 0.758%, 05/16/2062		1,877,152		109,914
Series 2020-137, Class IO, 0.798%, 09/16/2062		1,338,100		77,439
Series 2020-170, Class IO, 0.836%, 11/16/2062		1,475,375		95,476
Series 2021-40, Class IO, 0.822%, 02/16/2063		1,760,005		108,440

 

170

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
U.S. Government Agency (continued)
Government National Mortgage Association (continued)
Series 2022-53, Class IO, 0.707%, 06/16/2064	$	1,628,776	$	75,098
				807,942
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $2,773,338)			$	807,942
SHORT-TERM INVESTMENTS – 0.6%
Short-term funds – 0.6%
John Hancock Collateral Trust, 4.0668% (B)(C)		151,271		1,513,227
TOTAL SHORT-TERM INVESTMENTS (Cost $1,513,203)			$	1,513,227
Total Investments (Short Term Government Income Trust) (Cost $247,987,418) – 99.6%			$	244,819,837
Other assets and liabilities, net – 0.4%				990,762
TOTAL NET ASSETS – 100.0%			$	245,810,599

Short Term Government Income Trust (continued)

Security Abbreviations and Legend
GO	General Obligation
IBOR	Interbank Offered Rate
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
(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 9-30-25.
(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)
2-Year U.S. Treasury Note Futures	95	Long	Dec 2025	$19,773,283	$19,797,852	$24,569
						$24,569

^ 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 Core Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 94.8%
Communication services – 1.6%
Entertainment – 1.6%
Madison Square Garden Sports Corp. (A)	20,674	$	4,692,998
Consumer discretionary – 11.9%
Diversified consumer services – 1.3%
Mister Car Wash, Inc. (A)	729,560		3,888,555
Hotels, restaurants and leisure – 3.4%
First Watch Restaurant Group, Inc. (A)	196,783		3,077,686
Genius Sports, Ltd. (A)	372,513		4,611,711
Wingstop, Inc.	9,178		2,309,919
			9,999,316
Household durables – 1.2%
Green Brick Partners, Inc. (A)	47,948		3,541,439
Specialty retail – 3.1%
Abercrombie & Fitch Company, Class A (A)	23,348		1,997,421
Bath & Body Works, Inc.	98,290		2,531,950
Lithia Motors, Inc.	14,744		4,659,104
			9,188,475
Textiles, apparel and luxury goods – 2.9%
Levi Strauss & Company, Class A	238,169		5,549,338
On Holding AG, Class A (A)	66,000		2,795,100
			8,344,438
			34,962,223

Small Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples – 1.8%
Household products – 0.9%
Central Garden & Pet Company, Class A (A)	92,384	$	2,728,100
Personal care products – 0.9%
BellRing Brands, Inc. (A)	73,210		2,661,184
			5,389,284
Energy – 3.1%
Energy equipment and services – 1.3%
Liberty Energy, Inc.	304,986		3,763,527
Oil, gas and consumable fuels – 1.8%
Magnolia Oil & Gas Corp., Class A	220,201		5,256,198
			9,019,725
Financials – 13.4%
Banks – 10.1%
Banner Corp.	86,310		5,653,305
Cullen/Frost Bankers, Inc.	43,060		5,458,716
Old National Bancorp	197,490		4,334,906
Pinnacle Financial Partners, Inc.	47,434		4,448,835
SouthState Bank Corp.	60,797		6,011,002
Univest Financial Corp.	126,655		3,802,183
			29,708,947
Capital markets – 3.2%
Evercore, Inc., Class A	15,715		5,300,984

 

171

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Moelis & Company, Class A	56,554	$	4,033,431
			9,334,415
Insurance – 0.1%
Neptune Insurance Holdings Inc., Class A (A)	8,587		171,740
			39,215,102
Health care – 13.9%
Biotechnology – 0.7%
ACADIA Pharmaceuticals, Inc. (A)	46,670		995,938
Ultragenyx Pharmaceutical, Inc. (A)	28,721		863,928
			1,859,866
Health care equipment and supplies – 5.2%
Globus Medical, Inc., Class A (A)	50,097		2,869,055
Haemonetics Corp. (A)	17,912		873,031
ICU Medical, Inc. (A)	22,969		2,755,361
Integer Holdings Corp. (A)	28,303		2,924,549
LivaNova PLC (A)	5,610		293,852
Merit Medical Systems, Inc. (A)	32,114		2,672,848
Teleflex, Inc.	23,748		2,905,805
			15,294,501
Health care providers and services – 4.3%
BrightSpring Health Services, Inc. (A)	109,784		3,245,215
Concentra Group Holdings Parent, Inc.	119,352		2,498,037
Molina Healthcare, Inc. (A)	15,695		3,003,395
Option Care Health, Inc. (A)	141,830		3,937,201
			12,683,848
Life sciences tools and services – 1.7%
Bio-Rad Laboratories, Inc., Class A (A)	9,880		2,770,253
Revvity, Inc.	26,260		2,301,689
			5,071,942
Pharmaceuticals – 2.0%
Axsome Therapeutics, Inc. (A)	10,465		1,270,974
Jazz Pharmaceuticals PLC (A)	14,154		1,865,497
Prestige Consumer Healthcare, Inc. (A)	44,961		2,805,566
			5,942,037
			40,852,194
Industrials – 19.0%
Aerospace and defense – 1.7%
Hexcel Corp.	79,664		4,994,933
Building products – 3.5%
A.O. Smith Corp.	52,117		3,825,909
Simpson Manufacturing Company, Inc.	20,346		3,407,141
Trex Company, Inc. (A)	58,623		3,029,050
			10,262,100
Construction and engineering – 3.4%
Arcosa, Inc.	56,299		5,275,779
MasTec, Inc. (A)	22,027		4,687,566
			9,963,345
Electrical equipment – 3.0%
Generac Holdings, Inc. (A)	26,343		4,409,818
Regal Rexnord Corp.	30,155		4,325,433
			8,735,251
Ground transportation – 0.9%
Knight-Swift Transportation Holdings, Inc.	68,187		2,694,068
Machinery – 6.5%
Atmus Filtration Technologies, Inc.	113,066		5,098,146
Crane Company	24,226		4,460,976
The Timken Company	70,160		5,274,629

Small Cap Core Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
The Toro Company	54,871	$	4,181,170
			19,014,921
			55,664,618
Information technology – 23.8%
Electronic equipment, instruments and components – 1.5%
Advanced Energy Industries, Inc.	26,339		4,481,317
Semiconductors and semiconductor equipment – 8.5%
Alpha & Omega Semiconductor, Ltd. (A)	85,074		2,378,669
Ambarella, Inc. (A)	43,402		3,581,533
Kulicke & Soffa Industries, Inc.	124,442		5,057,323
MACOM Technology Solutions Holdings, Inc. (A)	35,265		4,390,140
MKS, Inc.	35,982		4,453,492
Veeco Instruments, Inc. (A)	169,092		5,145,470
			25,006,627
Software – 13.8%
Adeia, Inc.	271,705		4,564,644
Alkami Technology, Inc. (A)	186,410		4,630,424
Braze, Inc., Class A (A)	154,522		4,394,606
CommVault Systems, Inc. (A)	22,318		4,213,192
Progress Software Corp. (A)	103,535		4,548,293
Q2 Holdings, Inc. (A)	56,208		4,068,897
Tenable Holdings, Inc. (A)	155,233		4,526,594
Varonis Systems, Inc. (A)	73,782		4,240,252
Xperi, Inc. (A)	259,937		1,684,392
Yext, Inc. (A)	403,274		3,435,894
			40,307,188
			69,795,132
Materials – 1.4%
Chemicals – 1.4%
Avient Corp.	123,507		4,069,556
Real estate – 3.7%
Industrial REITs – 3.7%
EastGroup Properties, Inc.	32,209		5,451,695
First Industrial Realty Trust, Inc.	102,855		5,293,947
			10,745,642
Utilities – 1.2%
Multi-utilities – 1.2%
Unitil Corp.	72,764		3,482,485
TOTAL COMMON STOCKS (Cost $248,677,784)		$	277,888,959
SHORT-TERM INVESTMENTS – 5.8%
Short-term funds – 5.8%
John Hancock Collateral Trust, 4.0668% (B)(C)	1,698,104		16,986,809
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (B)	4,141		4,141
TOTAL SHORT-TERM INVESTMENTS (Cost $16,990,893)		$	16,990,950
Total Investments (Small Cap Core Trust) (Cost $265,668,677) – 100.6%		$	294,879,909
Other assets and liabilities, net – (0.6%)			(1,762,464)
TOTAL NET ASSETS – 100.0%		$	293,117,445

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-25.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor.

 

172

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 96.1%
Communication services – 2.7%
Diversified telecommunication services – 0.5%
Anterix, Inc. (A)	2,644	$	56,767
ATN International, Inc.	2,067		30,943
Bandwidth, Inc., Class A (A)	5,234		87,251
Cogent Communications Holdings, Inc.	8,581		329,081
Globalstar, Inc. (A)(B)	9,627		350,327
IDT Corp., Class B	3,078		161,010
Liberty Latin America, Ltd., Class A (A)	6,865		56,911
Liberty Latin America, Ltd., Class C (A)	23,342		197,006
Lumen Technologies, Inc. (A)	182,207		1,115,107
Shenandoah Telecommunications Company	9,973		133,838
Uniti Group, Inc. (A)	27,577		168,771
			2,687,012
Entertainment – 0.5%
AMC Entertainment Holdings, Inc., Class A (A)	83,519		242,205
Atlanta Braves Holdings, Inc., Series A (A)(B)	1,939		88,166
Atlanta Braves Holdings, Inc., Series C (A)	8,241		342,743
Cinemark Holdings, Inc.	19,687		551,630
CuriosityStream, Inc.	6,380		33,814
Eventbrite, Inc., Class A (A)	15,791		39,793
IMAX Corp. (A)	8,283		271,268
Lionsgate Studios Corp. (A)	38,075		262,718
Madison Square Garden Entertainment Corp. (A)	7,579		342,874
Playtika Holding Corp.	11,451		44,544
Reservoir Media, Inc. (A)	4,458		36,288
Sphere Entertainment Company (A)(B)	5,309		329,795
Starz Entertainment Corp. (A)(B)	2,779		40,935
The Marcus Corp.	4,607		71,455
			2,698,228
Interactive media and services – 0.6%
Angi, Inc. (A)	8,488		138,015
Bumble, Inc., Class A (A)	14,307		87,130
CarGurus, Inc. (A)	15,740		586,000
Cars.com, Inc. (A)	11,268		137,695
EverQuote, Inc., Class A (A)	5,278		120,708
FuboTV, Inc. (A)	64,155		266,243
Getty Images Holdings, Inc. (A)	23,484		46,498
Grindr, Inc. (A)	6,490		97,480
MediaAlpha, Inc., Class A (A)	6,606		75,176
Nextdoor Holdings, Inc. (A)	44,651		93,321
QuinStreet, Inc. (A)	10,547		163,162
Rumble, Inc. (A)(B)	20,210		146,320
Shutterstock, Inc.	4,705		98,099
TripAdvisor, Inc. (A)(B)	22,259		361,931
TrueCar, Inc. (A)	17,596		32,377
Vimeo, Inc. (A)	28,414		220,209
Webtoon Entertainment, Inc. (A)	4,032		78,261
Yelp, Inc. (A)	11,746		366,475
Ziff Davis, Inc. (A)	8,110		308,991
ZipRecruiter, Inc., Class A (A)	13,341		56,299
			3,480,390
Media – 0.9%
Advantage Solutions, Inc. (A)(B)	20,626		31,558
Altice USA, Inc., Class A (A)	51,078		123,098
AMC Networks, Inc., Class A (A)	6,737		55,513
Boston Omaha Corp., Class A (A)(B)	4,665		61,018
Cable One, Inc.	1,013		179,352
EchoStar Corp., Class A (A)(B)	25,763		1,967,263

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Entravision Communications Corp., Class A	13,780	$	32,107
Gambling.com Group, Ltd. (A)(B)	3,433		28,082
Gannett Company, Inc. (A)	27,295		112,728
Gray Media, Inc.	16,949		97,965
Ibotta, Inc., Class A (A)(B)	2,543		70,823
iHeartMedia, Inc., Class A (A)	24,569		70,513
Integral Ad Science Holding Corp. (A)	14,760		150,109
John Wiley & Sons, Inc., Class A	7,844		317,447
Magnite, Inc. (A)	26,711		581,766
National CineMedia, Inc.	12,865		58,021
Newsmax, Inc. (A)	2,064		25,594
Nexxen International, Ltd. (A)	7,457		68,977
PubMatic, Inc., Class A (A)	8,215		68,020
Scholastic Corp.	4,174		114,284
Sinclair, Inc.	7,508		113,371
Stagwell, Inc. (A)(B)	22,799		128,358
TechTarget, Inc. (A)	6,016		34,953
TEGNA, Inc.	30,042		610,754
The EW Scripps Company, Class A (A)	12,408		30,524
Thryv Holdings, Inc. (A)	7,315		88,219
WideOpenWest, Inc. (A)	11,390		58,772
			5,279,189
Wireless telecommunication services – 0.2%
Gogo, Inc. (A)	15,116		129,846
Spok Holdings, Inc.	4,119		71,053
Telephone & Data Systems, Inc.	18,735		735,161
Tingo Group, Inc. (A)	23,160		692
			936,752
			15,081,571
Consumer discretionary – 9.5%
Automobile components – 1.3%
Adient PLC (A)	16,191		389,879
American Axle & Manufacturing Holdings, Inc. (A)	23,315		140,123
Cooper-Standard Holdings, Inc. (A)	3,357		123,974
Dana, Inc.	25,464		510,299
Dorman Products, Inc. (A)	5,280		823,046
Fox Factory Holding Corp. (A)	8,123		197,308
Garrett Motion, Inc.	24,522		333,990
Gentherm, Inc. (A)	5,988		203,951
Holley, Inc. (A)	9,777		30,700
LCI Industries	4,674		435,383
Modine Manufacturing Company (A)	9,995		1,420,889
Motorcar Parts of America, Inc. (A)	2,276		37,645
Patrick Industries, Inc. (B)	6,226		643,955
PHINIA, Inc.	7,035		404,372
Solid Power, Inc. (A)	28,712		99,631
Standard Motor Products, Inc.	4,175		170,424
Strattec Security Corp. (A)	778		52,951
The Goodyear Tire & Rubber Company (A)	49,789		372,422
Visteon Corp.	5,231		626,988
XPEL, Inc. (A)	4,676		154,635
			7,172,565
Automobiles – 0.0%
Faraday Future Intelligent Electric, Inc. (A)(B)	17,399		22,619
Livewire Group, Inc. (A)	7,406		35,179
Winnebago Industries, Inc.	5,283		176,664
			234,462
Broadline retail – 0.1%
Groupon, Inc. (A)	4,801		112,103

 

173

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Broadline retail (continued)
Kohl's Corp.	20,802	$	319,727
Savers Value Village, Inc. (A)	7,386		97,865
			529,695
Distributors – 0.1%
A-Mark Precious Metals, Inc.	3,681		95,227
GigaCloud Technology, Inc., Class A (A)	4,530		128,652
Weyco Group, Inc.	1,107		33,310
			257,189
Diversified consumer services – 1.3%
Adtalem Global Education, Inc. (A)	6,672		1,030,490
American Public Education, Inc. (A)	3,379		133,369
Carriage Services, Inc.	2,737		121,906
Coursera, Inc. (A)	26,411		309,273
frontdoor, Inc. (A)	14,191		954,912
Graham Holdings Company, Class B	604		711,095
KinderCare Learning Cos, Inc. (A)	6,248		41,487
Laureate Education, Inc. (A)	24,538		773,929
Lincoln Educational Services Corp. (A)	5,857		137,640
Matthews International Corp., Class A	5,875		142,645
McGraw Hill, Inc. (A)	4,213		52,873
Mister Car Wash, Inc. (A)	19,429		103,557
OneSpaWorld Holdings, Ltd.	18,135		383,374
Perdoceo Education Corp.	11,747		442,392
Strategic Education, Inc.	4,582		394,098
Stride, Inc. (A)	8,145		1,213,116
Udemy, Inc. (A)	18,952		132,854
Universal Technical Institute, Inc. (A)	8,569		278,921
			7,357,931
Hotels, restaurants and leisure – 1.7%
Accel Entertainment, Inc. (A)	10,939		121,095
Biglari Holdings, Inc., Class B (A)(B)	143		46,282
BJ's Restaurants, Inc. (A)(B)	4,082		124,623
Bloomin' Brands, Inc.	16,168		115,925
Brightstar Lottery PLC (B)	21,323		367,822
Brinker International, Inc. (A)	8,434		1,068,419
Cracker Barrel Old Country Store, Inc.	4,238		186,726
Dave & Buster's Entertainment, Inc. (A)	5,228		94,940
Denny's Corp. (A)	10,456		54,685
Dine Brands Global, Inc.	2,824		69,809
El Pollo Loco Holdings, Inc. (A)(B)	5,266		51,080
First Watch Restaurant Group, Inc. (A)	7,902		123,587
Genius Sports, Ltd. (A)	42,425		525,222
Global Business Travel Group I (A)	19,351		156,356
Golden Entertainment, Inc.	3,732		88,001
Hilton Grand Vacations, Inc. (A)(B)	10,663		445,820
Inspired Entertainment, Inc. (A)	4,606		43,204
Jack in the Box, Inc.	3,767		74,474
Krispy Kreme, Inc. (B)	15,995		61,901
Kura Sushi USA, Inc., Class A (A)	1,220		72,480
Life Time Group Holdings, Inc. (A)	25,866		713,902
Lindblad Expeditions Holdings, Inc. (A)	7,502		96,026
Marriott Vacations Worldwide Corp.	5,083		338,324
Monarch Casino & Resort, Inc.	2,412		255,286
Nathan's Famous, Inc.	556		61,571
Papa John's International, Inc.	6,253		301,082
Portillo's, Inc., Class A (A)(B)	10,964		70,718
Potbelly Corp. (A)	4,953		84,399
Pursuit Attractions and Hospitality, Inc. (A)	4,218		152,607
RCI Hospitality Holdings, Inc. (B)	1,565		47,748
Red Rock Resorts, Inc., Class A	9,216		562,729
Rush Street Interactive, Inc. (A)	16,937		346,870
Sabre Corp. (A)	69,932		127,976
Serve Robotics, Inc. (A)(B)	8,995		104,612

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Shake Shack, Inc., Class A (A)	7,391	$	691,872
Six Flags Entertainment Corp. (A)(B)	18,292		415,594
Super Group SGHC, Ltd.	30,572		403,550
Sweetgreen, Inc., Class A (A)(B)	19,816		158,132
Target Hospitality Corp. (A)	6,677		56,621
The Cheesecake Factory, Inc. (B)	8,698		475,259
United Parks & Resorts, Inc. (A)(B)	5,118		264,601
Xponential Fitness, Inc., Class A (A)(B)	5,596		43,593
			9,665,523
Household durables – 1.7%
Beazer Homes USA, Inc. (A)	4,664		114,501
Cavco Industries, Inc. (A)	1,463		849,608
Century Communities, Inc.	5,133		325,278
Champion Homes, Inc. (A)	10,970		837,779
Cricut, Inc., Class A	9,586		60,296
Dream Finders Homes, Inc., Class A (A)(B)	5,982		155,053
Ethan Allen Interiors, Inc.	4,742		139,699
Flexsteel Industries, Inc.	822		38,100
Green Brick Partners, Inc. (A)	6,124		452,319
Hamilton Beach Brands Holding Company, Class B	1,197		17,201
Helen of Troy, Ltd. (A)	4,519		113,879
Hovnanian Enterprises, Inc., Class A (A)	952		122,322
Installed Building Products, Inc. (B)	4,479		1,104,790
KB Home	12,450		792,318
La-Z-Boy, Inc.	8,066		276,825
Legacy Housing Corp. (A)	2,066		56,836
Leggett & Platt, Inc.	26,137		232,097
LGI Homes, Inc. (A)	4,127		213,407
M/I Homes, Inc. (A)	4,872		703,712
Meritage Homes Corp.	13,437		973,242
Sonos, Inc. (A)	22,976		363,021
Taylor Morrison Home Corp. (A)	18,281		1,206,729
The Lovesac Company (A)(B)	2,767		46,845
Tri Pointe Homes, Inc. (A)	16,249		551,979
			9,747,836
Leisure products – 0.5%
Acushnet Holdings Corp.	5,422		425,573
Escalade, Inc. (B)	1,960		24,637
Funko, Inc., Class A (A)	7,124		24,507
JAKKS Pacific, Inc.	1,809		33,883
Johnson Outdoors, Inc., Class A	1,040		42,006
Latham Group, Inc. (A)	8,999		68,482
Malibu Boats, Inc., Class A (A)	3,747		121,590
MasterCraft Boat Holdings, Inc. (A)	3,638		78,071
Peloton Interactive, Inc., Class A (A)	70,673		636,057
Polaris, Inc.	10,264		596,646
Smith & Wesson Brands, Inc.	8,850		86,996
Sturm Ruger & Company, Inc. (B)	3,168		137,713
Topgolf Callaway Brands Corp. (A)	25,564		242,858
			2,519,019
Specialty retail – 2.2%
Abercrombie & Fitch Company, Class A (A)	9,000		769,950
Academy Sports & Outdoors, Inc.	12,642		632,353
Advance Auto Parts, Inc. (B)	11,522		707,451
American Eagle Outfitters, Inc.	30,989		530,222
America's Car-Mart, Inc. (A)	1,494		43,640
Arhaus, Inc. (A)	10,034		106,661
Arko Corp.	15,867		72,512
Asbury Automotive Group, Inc. (A)	3,737		913,510
Barnes & Noble Education, Inc. (A)(B)	2,951		29,362
Bed Bath & Beyond, Inc. (A)(B)	10,854		106,261

 

174

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Boot Barn Holdings, Inc. (A)	5,878	$	974,102
Build-A-Bear Workshop, Inc. (B)	2,445		159,438
Caleres, Inc. (B)	6,562		85,568
Camping World Holdings, Inc., Class A	11,574		182,753
Citi Trends, Inc. (A)	1,052		32,644
EVgo, Inc. (A)	25,006		118,278
Genesco, Inc. (A)	2,080		60,299
Group 1 Automotive, Inc.	2,393		1,046,961
Haverty Furniture Companies, Inc.	2,824		61,930
Lands' End, Inc. (A)(B)	2,693		37,971
MarineMax, Inc. (A)	3,695		93,594
Monro, Inc. (B)	5,982		107,497
National Vision Holdings, Inc. (A)	14,897		434,843
OneWater Marine, Inc., Class A (A)(B)	2,446		38,745
Petco Health & Wellness Company, Inc. (A)	14,946		57,841
Revolve Group, Inc. (A)	7,844		167,077
Sally Beauty Holdings, Inc. (A)	19,849		323,142
Shoe Carnival, Inc.	3,568		74,179
Signet Jewelers, Ltd. (B)	7,546		723,812
Sleep Number Corp. (A)(B)	4,323		30,347
Sonic Automotive, Inc., Class A	2,826		215,030
Stitch Fix, Inc., Class A (A)	21,416		93,160
The Buckle, Inc.	6,047		354,717
The ODP Corp. (A)	5,396		150,279
The RealReal, Inc. (A)(B)	18,262		194,125
ThredUp, Inc., Class A (A)	17,637		166,670
Tile Shop Holdings, Inc. (A)	6,125		37,056
Upbound Group, Inc.	10,185		240,672
Urban Outfitters, Inc. (A)	11,574		826,731
Victoria's Secret & Company (A)	13,114		355,914
Warby Parker, Inc., Class A (A)	18,887		520,903
Winmark Corp.	583		290,200
Zumiez, Inc. (A)	2,388		46,829
			12,215,229
Textiles, apparel and luxury goods – 0.6%
Capri Holdings, Ltd. (A)	22,375		445,710
Carter's, Inc.	6,835		192,884
Ermenegildo Zegna NV	12,464		117,785
Figs, Inc., Class A (A)	17,372		116,219
G-III Apparel Group, Ltd. (A)	7,546		200,799
Hanesbrands, Inc. (A)	67,231		443,052
Kontoor Brands, Inc.	10,509		838,303
Lakeland Industries, Inc. (B)	2,238		33,122
Movado Group, Inc.	2,960		56,151
Oxford Industries, Inc.	2,729		110,634
Rocky Brands, Inc.	1,405		41,855
Steven Madden, Ltd. (B)	13,319		445,920
Superior Group of Companies, Inc.	2,714		29,094
Wolverine World Wide, Inc.	15,480		424,771
			3,496,299
			53,195,748
Consumer staples – 1.9%
Beverages – 0.1%
MGP Ingredients, Inc.	2,709		65,531
National Beverage Corp. (A)	4,769		176,071
The Vita Coco Company, Inc. (A)	8,366		355,304
			596,906
Consumer staples distribution and retail – 0.5%
Grocery Outlet Holding Corp. (A)	18,221		292,447
Guardian Pharmacy Services, Inc., Class A (A)	3,565		93,510
Ingles Markets, Inc., Class A	2,773		192,890
Natural Grocers by Vitamin Cottage, Inc.	2,574		102,960

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples distribution and retail (continued)
PriceSmart, Inc.	4,904	$	594,316
The Andersons, Inc.	6,287		250,285
The Chefs' Warehouse, Inc. (A)	6,949		405,335
United Natural Foods, Inc. (A)	11,532		433,834
Village Super Market, Inc., Class A	1,897		70,872
Weis Markets, Inc. (B)	3,223		231,637
			2,668,086
Food products – 0.7%
Alico, Inc.	1,272		44,088
B&G Foods, Inc. (B)	15,134		67,044
Beyond Meat, Inc. (A)(B)	14,964		28,282
BRC, Inc., Class A (A)	18,669		29,124
Calavo Growers, Inc.	3,301		84,968
Cal-Maine Foods, Inc.	8,733		821,775
Dole PLC	12,740		171,226
Fresh Del Monte Produce, Inc.	6,275		217,868
J&J Snack Foods Corp.	2,992		287,501
John B Sanfilippo & Son, Inc.	1,476		94,877
Lifeway Foods, Inc. (A)	851		23,624
Limoneira Company	3,676		54,589
Mama's Creations, Inc. (A)	7,029		73,875
Mission Produce, Inc. (A)	7,183		86,340
Seneca Foods Corp., Class A (A)	886		95,635
SunOpta, Inc. (A)	18,897		110,736
The Hain Celestial Group, Inc. (A)	19,198		30,333
The Marzetti Company	3,815		659,194
The Simply Good Foods Company (A)	17,809		442,019
Tootsie Roll Industries, Inc. (B)	3,547		148,690
TreeHouse Foods, Inc. (A)	9,568		193,369
Utz Brands, Inc.	13,909		168,994
Vital Farms, Inc. (A)	6,609		271,960
Westrock Coffee Company (A)(B)	7,656		37,208
			4,243,319
Household products – 0.3%
Central Garden & Pet Company (A)	1,057		34,511
Central Garden & Pet Company, Class A (A)	10,824		319,633
Energizer Holdings, Inc.	12,607		313,788
Oil-Dri Corp. of America	1,971		120,310
Spectrum Brands Holdings, Inc.	4,346		228,295
WD-40 Company	2,594		512,574
			1,529,111
Personal care products – 0.2%
Edgewell Personal Care Company	8,943		182,079
Herbalife, Ltd. (A)	19,754		166,724
Interparfums, Inc.	3,476		341,969
Medifast, Inc. (A)(B)	2,322		31,742
Nature's Sunshine Products, Inc. (A)	3,432		53,265
Nu Skin Enterprises, Inc., Class A	9,428		114,927
Olaplex Holdings, Inc. (A)(B)	28,920		37,885
The Beauty Health Company (A)(B)	23,375		46,516
The Honest Company, Inc. (A)(B)	17,927		65,971
USANA Health Sciences, Inc. (A)	2,220		61,161
			1,102,239
Tobacco – 0.1%
Turning Point Brands, Inc.	3,315		327,721
Universal Corp.	4,600		257,002
			584,723
			10,724,384
Energy – 4.6%
Energy equipment and services – 1.5%
Archrock, Inc.	31,419		826,634
Aris Water Solutions, Inc., Class A	5,959		146,949

 

175

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
Atlas Energy Solutions, Inc. (B)	14,927	$	169,720
Borr Drilling, Ltd. (A)(B)	48,866		131,450
Bristow Group, Inc. (A)	5,561		200,641
Cactus, Inc., Class A	13,003		513,228
Core Laboratories, Inc.	9,578		118,384
DMC Global, Inc. (A)	4,045		34,180
Expro Group Holdings NV (A)	19,881		236,186
Flowco Holdings, Inc., Class A	3,873		57,514
Forum Energy Technologies, Inc. (A)	2,425		64,772
Helix Energy Solutions Group, Inc. (A)	27,075		177,612
Helmerich & Payne, Inc.	18,276		403,717
Innovex International, Inc. (A)	7,675		142,295
Kodiak Gas Services, Inc.	12,465		460,831
Liberty Energy, Inc.	29,994		370,126
Nabors Industries, Ltd. (A)(B)	2,826		115,499
National Energy Services Reunited Corp. (A)	11,901		122,104
Natural Gas Services Group, Inc.	2,011		56,288
Noble Corp. PLC	23,938		676,967
Oceaneering International, Inc. (A)	18,045		447,155
Oil States International, Inc. (A)	11,547		69,975
Patterson-UTI Energy, Inc.	67,245		348,329
ProPetro Holding Corp. (A)	15,703		82,284
Ranger Energy Services, Inc., Class A	3,886		54,559
RPC, Inc.	18,048		85,908
Seadrill, Ltd. (A)	11,969		361,583
Select Water Solutions, Inc.	18,137		193,885
Solaris Energy Infrastructure, Inc.	7,052		281,868
TETRA Technologies, Inc. (A)	26,154		150,386
Tidewater, Inc. (A)(B)	9,270		494,369
Transocean, Ltd. (A)(B)	142,788		445,499
Valaris, Ltd. (A)(B)	12,107		590,458
			8,631,355
Oil, gas and consumable fuels – 3.1%
Ardmore Shipping Corp.	6,553		77,784
Berry Corp.	16,888		63,837
BKV Corp. (A)	3,407		78,804
California Resources Corp.	12,801		680,757
Calumet, Inc. (A)(B)	13,332		243,309
Centrus Energy Corp., Class A (A)	2,982		924,629
Clean Energy Fuels Corp. (A)	34,875		89,978
CNX Resources Corp. (A)(B)	26,059		837,015
Comstock Resources, Inc. (A)	14,229		282,161
Core Natural Resources, Inc.	10,093		842,564
Crescent Energy Company, Class A	34,115		304,306
CVR Energy, Inc. (A)	5,995		218,698
Delek US Holdings, Inc.	11,726		378,398
DHT Holdings, Inc.	24,271		290,038
Diversified Energy Company PLC	10,789		151,154
Dorian LPG, Ltd.	7,069		210,656
Encore Energy Corp. (A)	36,597		117,476
Energy Fuels, Inc. (A)(B)	41,239		633,019
Epsilon Energy, Ltd.	4,864		24,515
Evolution Petroleum Corp. (B)	6,994		33,711
Excelerate Energy, Inc., Class A	4,455		112,221
FLEX LNG, Ltd. (New York Stock Exchange) (A)	5,848		147,370
Gevo, Inc. (A)	45,530		89,239
Golar LNG, Ltd.	19,019		768,558
Granite Ridge Resources, Inc. (B)	11,810		63,892
Green Plains, Inc. (A)	12,688		111,528
Gulfport Energy Corp. (A)	2,899		524,661
HighPeak Energy, Inc. (B)	4,007		28,329
Infinity Natural Resources, Inc., Class A (A)	3,062		40,143

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
International Seaways, Inc.	7,656	$	352,788
Kinetik Holdings, Inc. (B)	8,461		361,623
Kosmos Energy, Ltd. (A)(B)	94,140		156,272
Lightbridge Corp. (A)	3,652		77,459
Magnolia Oil & Gas Corp., Class A	35,249		841,394
Murphy Oil Corp.	25,549		725,847
NACCO Industries, Inc., Class A	786		33,138
Navigator Holdings, Ltd. (B)	6,323		97,943
New Fortress Energy, Inc. (A)(B)	33,226		73,429
NextDecade Corp. (A)	25,872		175,671
Nordic American Tankers, Ltd. (B)	39,781		124,912
Northern Oil and Gas, Inc. (B)	18,596		461,181
Par Pacific Holdings, Inc. (A)	9,457		334,967
PBF Energy, Inc., Class A	16,057		484,440
Peabody Energy Corp.	23,187		614,919
REX American Resources Corp. (A)	5,734		175,575
Riley Exploration Permian, Inc. (B)	2,682		72,709
Sable Offshore Corp. (A)(B)	14,412		251,634
SandRidge Energy, Inc.	7,385		83,303
Scorpio Tankers, Inc.	8,261		463,029
SFL Corp., Ltd.	23,349		175,818
SM Energy Company	21,646		540,501
Summit Midstream Corp. (A)(B)	1,956		40,176
Talos Energy, Inc. (A)	23,658		226,880
Teekay Corp., Ltd.	9,891		80,908
Teekay Tankers, Ltd., Class A (B)	4,576		231,317
Uranium Energy Corp. (A)	81,607		1,088,637
VAALCO Energy, Inc. (B)	21,190		85,184
Vital Energy, Inc. (A)(B)	5,825		98,384
Vitesse Energy, Inc. (B)	5,755		133,689
W&T Offshore, Inc. (B)	21,085		38,375
World Kinect Corp.	10,425		270,529
			17,341,381
			25,972,736
Financials – 17.3%
Banks – 9.6%
1st Source Corp.	3,644		224,325
ACNB Corp.	2,094		92,220
Amalgamated Financial Corp.	4,571		124,103
Amerant Bancorp, Inc.	7,620		146,837
Ameris Bancorp	12,337		904,425
Ames National Corp.	1,851		37,427
Arrow Financial Corp.	3,602		101,937
Associated Banc-Corp.	30,271		778,267
Atlantic Union Bankshares Corp.	27,082		955,724
Axos Financial, Inc. (A)	10,098		854,796
Banc of California, Inc.	25,594		423,581
BancFirst Corp.	4,013		507,444
Bank First Corp.	1,840		223,210
Bank of Hawaii Corp.	7,326		480,879
Bank of Marin Bancorp	3,189		77,429
Bank7 Corp.	932		43,124
BankUnited, Inc.	13,962		532,790
Bankwell Financial Group, Inc.	1,480		65,490
Banner Corp.	6,303		412,847
Bar Harbor Bankshares	3,219		98,051
BayCom Corp.	2,426		69,748
BCB Bancorp, Inc.	4,324		37,532
Beacon Financial Corp.	16,729		396,645
Blue Foundry Bancorp (A)	5,214		47,395
Blue Ridge Bankshares, Inc. (A)	13,400		56,682
Bridgewater Bancshares, Inc. (A)	4,343		76,437
Burke & Herbert Financial Services Corp.	2,613		161,196
Business First Bancshares, Inc.	5,905		139,417

 

176

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
BV Financial, Inc. (A)	1,986	$	32,014
Byline Bancorp, Inc.	6,167		171,011
C&F Financial Corp.	651		43,747
Cadence Bank	34,045		1,278,049
California BanCorp (A)	4,398		73,359
Camden National Corp.	3,260		125,803
Capital Bancorp, Inc.	2,590		82,621
Capital City Bank Group, Inc.	3,014		125,955
Capitol Federal Financial, Inc.	24,342		154,572
Carter Bankshares, Inc. (A)	4,800		93,168
Cathay General Bancorp	12,639		606,798
CB Financial Services, Inc. (B)	1,110		36,863
Central Pacific Financial Corp.	5,162		156,615
Chemung Financial Corp.	957		50,262
ChoiceOne Financial Services, Inc. (B)	2,776		80,393
Citizens & Northern Corp.	3,419		67,730
Citizens Financial Services, Inc.	956		57,628
City Holding Company	2,686		332,715
Civista Bancshares, Inc.	3,381		68,668
CNB Financial Corp.	6,376		154,299
Coastal Financial Corp. (A)	2,488		269,127
Colony Bankcorp, Inc.	3,947		67,138
Columbia Financial, Inc. (A)	6,217		93,317
Community Financial System, Inc.	10,085		591,384
Community Trust Bancorp, Inc.	3,268		182,845
Community West Bancshares	3,585		74,711
ConnectOne Bancorp, Inc.	9,242		229,294
Customers Bancorp, Inc. (A)	5,567		363,915
CVB Financial Corp.	24,987		472,504
Dime Community Bancshares, Inc.	7,718		230,228
Eagle Bancorp, Inc.	5,820		117,680
Eagle Financial Services, Inc.	986		37,300
Eastern Bankshares, Inc.	37,233		675,779
Enterprise Financial Services Corp.	6,951		403,019
Equity Bancshares, Inc., Class A	3,186		129,670
Esquire Financial Holdings, Inc.	1,406		143,489
Farmers & Merchants Bancorp, Inc.	2,573		64,351
Farmers National Banc Corp.	8,295		119,531
FB Bancorp, Inc. (A)	3,356		40,339
FB Financial Corp.	8,118		452,497
Fidelity D&D Bancorp, Inc.	905		39,666
Financial Institutions, Inc.	4,074		110,813
First Bancorp (North Carolina)	7,720		408,311
First Bancorp (Puerto Rico)	30,097		663,639
First Bank	4,782		77,899
First Busey Corp.	16,278		376,836
First Business Financial Services, Inc.	1,666		85,399
First Commonwealth Financial Corp.	19,803		337,641
First Community Bankshares, Inc.	3,354		116,719
First Community Corp.	1,597		45,067
First Financial Bancorp	17,584		443,996
First Financial Bankshares, Inc.	25,723		865,579
First Financial Corp.	2,202		124,281
First Financial Northwest, Inc. (A)(B)(C)	1,279		716
First Foundation, Inc. (A)	12,431		69,241
First Internet Bancorp	1,630		36,561
First Interstate BancSystem, Inc., Class A	16,232		517,314
First Merchants Corp.	10,985		414,135
First Mid Bancshares, Inc.	4,264		161,520
First National Corp.	1,699		38,533
First Savings Financial Group, Inc.	1,235		38,816
First United Corp.	1,254		46,110
First Western Financial, Inc. (A)	1,756		40,432
Firstsun Capital Bancorp (A)	2,454		95,191

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Five Star Bancorp	3,529	$	113,634
Flagstar Financial, Inc.	57,995		669,842
Flushing Financial Corp.	6,760		93,356
Franklin Financial Services Corp.	902		41,492
FS Bancorp, Inc.	1,448		57,804
Fulton Financial Corp.	33,494		623,993
FVCBankcorp, Inc.	3,639		47,198
GBank Financial Holdings, Inc. (A)	1,820		71,471
German American Bancorp, Inc. (B)	7,159		281,134
Glacier Bancorp, Inc.	22,299		1,085,292
Great Southern Bancorp, Inc.	1,775		108,719
Greene County Bancorp, Inc.	1,676		37,878
Guaranty Bancshares, Inc.	1,865		90,919
Hancock Whitney Corp.	15,763		986,921
Hanmi Financial Corp.	5,863		144,757
HarborOne Bancorp, Inc.	8,514		115,790
Hawthorn Bancshares, Inc.	1,249		38,769
HBT Financial, Inc.	3,092		77,918
Heritage Commerce Corp.	11,102		110,243
Heritage Financial Corp.	6,687		161,759
Hilltop Holdings, Inc.	8,849		295,734
Home Bancorp, Inc.	1,479		80,347
Home BancShares, Inc.	35,089		993,019
HomeTrust Bancshares, Inc.	3,458		141,571
Hope Bancorp, Inc.	22,773		245,265
Horizon Bancorp, Inc.	8,472		135,637
Independent Bank Corp. (Massachusetts)	9,253		640,030
Independent Bank Corp. (Michigan)	4,213		130,498
International Bancshares Corp.	10,308		708,675
Investar Holding Corp.	2,001		46,443
John Marshall Bancorp, Inc.	2,602		51,572
Kearny Financial Corp.	11,855		77,887
Lakeland Financial Corp.	4,917		315,671
Landmark Bancorp, Inc.	1,095		29,226
LCNB Corp.	2,858		42,841
LINKBANCORP, Inc.	4,534		32,327
Live Oak Bancshares, Inc.	6,782		238,862
Mechanics Bancorp, Class A (A)	3,708		49,353
Mercantile Bank Corp.	3,192		143,640
Metrocity Bankshares, Inc.	4,457		123,414
Metropolitan Bank Holding Corp.	1,848		138,267
Mid Penn Bancorp, Inc.	3,931		112,584
Middlefield Banc Corp.	1,576		47,296
Midland States Bancorp, Inc.	4,035		69,160
MidWestOne Financial Group, Inc.	4,393		124,278
MVB Financial Corp.	2,713		67,988
National Bank Holdings Corp., Class A	7,166		276,894
National Bankshares, Inc.	1,278		37,624
NB Bancorp, Inc.	6,589		116,296
NBT Bancorp, Inc.	9,639		402,525
Nicolet Bankshares, Inc.	2,587		347,952
Northeast Bank	1,423		142,528
Northeast Community Bancorp, Inc.	2,546		52,371
Northfield Bancorp, Inc.	7,843		92,547
Northpointe Bancshares, Inc.	2,307		39,404
Northrim BanCorp, Inc.	4,260		92,272
Northwest Bancshares, Inc.	26,475		328,025
Norwood Financial Corp.	1,550		39,401
Oak Valley Bancorp	1,480		41,692
OceanFirst Financial Corp.	10,959		192,550
OFG Bancorp	8,551		371,883
Old National Bancorp	64,417		1,413,953
Old Second Bancorp, Inc.	8,126		140,458
OP Bancorp	2,671		37,180
Orange County Bancorp, Inc.	2,047		51,605

 

177

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Origin Bancorp, Inc.	5,866	$	202,494
Orrstown Financial Services, Inc.	3,660		124,367
Park National Corp.	2,822		458,660
Parke Bancorp, Inc.	2,068		44,565
Pathward Financial, Inc.	4,380		324,164
PCB Bancorp	2,637		55,377
Peapack-Gladstone Financial Corp.	3,299		91,052
Peoples Bancorp, Inc.	6,850		205,432
Peoples Financial Services Corp.	1,863		90,560
Plumas Bancorp	1,188		51,250
Ponce Financial Group, Inc. (A)	4,160		61,152
Preferred Bank	2,248		203,197
Primis Financial Corp.	4,928		51,793
Princeton Bancorp, Inc.	1,032		32,859
Provident Bancorp, Inc. (A)	4,026		50,446
Provident Financial Services, Inc.	24,235		467,251
QCR Holdings, Inc.	3,139		237,434
RBB Bancorp	3,613		67,780
Red River Bancshares, Inc.	976		63,264
Renasant Corp.	17,594		649,043
Republic Bancorp, Inc., Class A	1,724		124,559
Richmond Mutual BanCorp, Inc. (B)	2,092		29,727
Riverview Bancorp, Inc.	5,132		27,559
S&T Bancorp, Inc.	7,528		282,978
Seacoast Banking Corp. of Florida	16,428		499,904
ServisFirst Bancshares, Inc.	9,849		793,140
Shore Bancshares, Inc.	6,498		106,632
Sierra Bancorp	2,782		80,428
Simmons First National Corp., Class A	25,796		494,509
SmartFinancial, Inc.	3,089		110,370
South Plains Financial, Inc.	2,961		114,443
Southern First Bancshares, Inc. (A)	1,747		77,078
Southern Missouri Bancorp, Inc.	1,960		103,018
Southside Bancshares, Inc.	5,864		165,658
Stellar Bancorp, Inc.	8,939		271,209
Stock Yards Bancorp, Inc.	5,084		355,829
Texas Capital Bancshares, Inc. (A)	8,500		718,505
The Bancorp, Inc. (A)	8,668		649,147
The Bank of NT Butterfield & Son, Ltd.	8,150		349,798
The First Bancorp, Inc.	2,423		63,628
The Hingham Institution for Savings	291		76,760
Third Coast Bancshares, Inc. (A)	2,519		95,646
Timberland Bancorp, Inc.	1,585		52,749
Tompkins Financial Corp.	2,634		174,397
Towne Bank	13,457		465,208
TriCo Bancshares	5,986		265,838
Triumph Financial, Inc. (A)	4,282		214,271
Trustmark Corp.	10,554		417,938
UMB Financial Corp.	13,550		1,603,643
United Bankshares, Inc.	26,404		982,493
United Community Banks, Inc.	22,791		714,498
Unity Bancorp, Inc.	1,545		75,504
Univest Financial Corp.	5,807		174,326
USCB Financial Holdings, Inc.	2,103		36,697
Valley National Bancorp	90,569		960,031
Veritex Holdings, Inc.	9,866		330,807
Virginia National Bankshares Corp.	992		38,500
WaFd, Inc.	15,259		462,195
Washington Trust Bancorp, Inc.	3,876		112,016
WesBanco, Inc.	17,710		565,480
West BanCorp, Inc.	3,578		72,705
Westamerica BanCorp	4,826		241,252
Western New England Bancorp, Inc.	4,892		58,753

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
WSFS Financial Corp.	10,879	$	586,704
			53,761,065
Capital markets – 1.7%
Acadian Asset Management, Inc.	5,344		257,367
AlTi Global, Inc. (A)(B)	9,326		33,201
Artisan Partners Asset Management, Inc., Class A	11,733		509,212
Bakkt Holdings, Inc. (A)	2,100		70,665
BGC Group, Inc., Class A	68,262		645,759
Cohen & Steers, Inc.	5,351		351,079
Diamond Hill Investment Group, Inc.	506		70,845
DigitalBridge Group, Inc.	32,837		384,193
Donnelley Financial Solutions, Inc. (A)	5,071		260,802
Forge Global Holdings, Inc. (A)	2,114		35,727
GCM Grosvenor, Inc., Class A (B)	9,287		112,094
Marex Group PLC	10,173		342,016
Moelis & Company, Class A	14,048		1,001,903
Open Lending Corp. (A)	21,236		44,808
P10, Inc., Class A (B)	10,838		117,917
Patria Investments, Ltd., Class A (B)	11,816		172,514
Perella Weinberg Partners	11,697		249,380
Piper Sandler Companies	3,295		1,143,332
PJT Partners, Inc., Class A	4,330		769,571
Silvercrest Asset Management Group, Inc., Class A	2,573		40,525
StepStone Group, Inc., Class A	13,138		858,043
StoneX Group, Inc. (A)	8,625		870,435
Victory Capital Holdings, Inc., Class A (B)	8,389		543,272
Virtus Investment Partners, Inc.	1,225		232,787
Westwood Holdings Group, Inc.	2,235		36,855
WisdomTree, Inc. (B)	22,950		319,005
			9,473,307
Consumer finance – 1.0%
Atlanticus Holdings Corp. (A)	1,078		63,149
Bread Financial Holdings, Inc.	8,828		492,338
Dave, Inc. (A)	1,774		353,647
Encore Capital Group, Inc. (A)	4,529		189,040
Enova International, Inc. (A)	4,620		531,716
FirstCash Holdings, Inc.	7,544		1,195,120
Green Dot Corp., Class A (A)	10,506		141,096
LendingClub Corp. (A)	21,785		330,914
LendingTree, Inc. (A)	2,186		141,500
Medallion Financial Corp.	3,628		36,643
Navient Corp.	13,376		175,894
Nelnet, Inc., Class A	2,412		302,417
NerdWallet, Inc., Class A (A)	8,254		88,813
Oportun Financial Corp. (A)	6,678		41,203
OppFi, Inc.	4,708		53,342
PRA Group, Inc. (A)	7,831		120,911
PROG Holdings, Inc.	7,645		247,392
Regional Management Corp.	1,960		76,362
Upstart Holdings, Inc. (A)(B)	16,076		816,661
World Acceptance Corp. (A)	380		64,273
			5,462,431
Financial services – 2.3%
Acacia Research Corp. (A)(B)	9,228		29,991
Alerus Financial Corp.	4,585		101,512
AvidXchange Holdings, Inc. (A)	33,233		330,668
Banco Latinoamericano de Comercio Exterior SA, Class E	5,645		259,501
Better Home & Finance Holding Company (A)(B)	961		53,951
Burford Capital, Ltd.	38,441		459,754

 

178

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Cannae Holdings, Inc.	11,384	$	208,441
Cantaloupe, Inc. (A)	10,603		112,074
Cass Information Systems, Inc.	2,496		98,168
Compass Diversified Holdings	15,629		103,464
Enact Holdings, Inc.	5,570		213,554
Essent Group, Ltd.	18,794		1,194,547
EVERTEC, Inc.	12,450		420,561
Federal Agricultural Mortgage Corp., Class C	1,789		300,516
Flywire Corp. (A)	22,701		307,372
HA Sustainable Infrastructure Capital, Inc.	23,330		716,231
International Money Express, Inc. (A)	5,523		77,156
Jackson Financial, Inc., Class A	13,577		1,374,400
LoanDepot, Inc., Class A (A)	15,391		47,250
Marqeta, Inc., Class A (A)	74,076		391,121
Merchants Bancorp	5,102		162,244
NCR Atleos Corp. (A)	14,050		552,306
NewtekOne, Inc.	5,274		60,387
NMI Holdings, Inc. (A)	14,845		569,157
Onity Group, Inc. (A)	1,419		56,703
PagSeguro Digital, Ltd., Class A	33,876		338,760
Payoneer Global, Inc. (A)	53,759		325,242
Paysafe, Ltd. (A)	6,406		82,766
Paysign, Inc. (A)	7,106		44,697
PennyMac Financial Services, Inc.	5,554		688,030
Priority Technology Holdings, Inc. (A)	5,101		35,044
Radian Group, Inc.	25,412		920,423
Remitly Global, Inc. (A)	31,761		517,704
Repay Holdings Corp. (A)(B)	15,161		79,292
Security National Financial Corp., Class A (A)	3,322		28,802
Sezzle, Inc. (A)(B)	3,005		238,988
StoneCo, Ltd., Class A (A)	47,554		899,246
Triller Group, Inc. (A)	20,187		16,757
TrustCo Bank Corp. NY	3,415		123,965
Velocity Financial, Inc. (A)	2,423		43,953
Walker & Dunlop, Inc.	6,301		526,890
Waterstone Financial, Inc.	4,032		62,899
			13,174,487
Insurance – 1.9%
Abacus Global Management, Inc. (A)	7,568		43,365
Ambac Financial Group, Inc. (A)	9,698		80,881
American Coastal Insurance Corp.	4,847		55,207
AMERISAFE, Inc.	3,696		162,033
Aspen Insurance Holdings, Ltd., Class A (A)	3,106		114,021
Ategrity Specialty Holdings LLC (A)	1,387		27,421
Bowhead Specialty Holdings, Inc. (A)	3,088		83,500
Citizens, Inc. (A)(B)	10,252		53,823
CNO Financial Group, Inc.	18,642		737,291
Crawford & Company, Class A	3,516		37,621
Donegal Group, Inc., Class A	3,571		69,242
eHealth, Inc. (A)	6,233		26,864
Employers Holdings, Inc.	4,457		189,333
F&G Annuities & Life, Inc.	4,112		128,582
Fidelis Insurance Holdings, Ltd.	11,368		206,329
Genworth Financial, Inc. (A)	77,360		688,504
Goosehead Insurance, Inc., Class A	4,559		339,281
Greenlight Capital Re, Ltd., Class A (A)	5,426		68,910
Hamilton Insurance Group, Ltd., Class B (A)	8,600		213,280
HCI Group, Inc.	1,914		367,354
Heritage Insurance Holdings, Inc. (A)	4,232		106,562
Hippo Holdings, Inc. (A)(B)	3,514		127,066

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Horace Mann Educators Corp.	7,736	$	349,435
Investors Title Company	265		70,975
James River Group Holdings, Ltd.	7,315		40,598
Kingstone Companies, Inc. (B)	2,187		32,149
Kingsway Financial Services, Inc. (A)(B)	3,992		58,363
Lemonade, Inc. (A)(B)	10,647		569,934
MBIA, Inc. (A)(B)	10,046		74,843
Mercury General Corp.	5,085		431,106
Oscar Health, Inc., Class A (A)(B)	36,874		698,025
Palomar Holdings, Inc. (A)	5,030		587,253
ProAssurance Corp. (A)	9,772		234,430
Root, Inc., Class A (A)(B)	2,193		196,295
Safety Insurance Group, Inc.	2,809		198,568
Selective Insurance Group, Inc.	11,466		929,549
SelectQuote, Inc. (A)	28,126		55,127
SiriusPoint, Ltd. (A)	19,770		357,639
Skyward Specialty Insurance Group, Inc. (A)	6,806		323,693
Slide Insurance Holdings, Inc. (A)	5,242		82,745
Stewart Information Services Corp.	5,236		383,904
The Baldwin Insurance Group, Inc. (A)(B)	13,406		378,183
Tiptree, Inc.	4,807		92,150
Trupanion, Inc. (A)	7,093		306,985
United Fire Group, Inc.	4,189		127,429
Universal Insurance Holdings, Inc.	4,907		129,054
			10,634,902
Mortgage real estate investment trusts – 0.8%
ACRES Commercial Realty Corp. (A)	1,582		33,475
Adamas Trust, Inc.	17,209		119,947
AG Mortgage Investment Trust, Inc.	5,887		42,622
Apollo Commercial Real Estate Finance, Inc.	26,391		267,341
Arbor Realty Trust, Inc.	36,469		445,286
Ares Commercial Real Estate Corp.	10,605		47,829
ARMOUR Residential REIT, Inc.	20,442		305,403
Blackstone Mortgage Trust, Inc., Class A	30,739		565,905
BrightSpire Capital, Inc.	24,768		134,490
Chicago Atlantic Real Estate Finance, Inc.	3,689		47,182
Chimera Investment Corp.	14,881		196,727
Claros Mortgage Trust, Inc. (A)	18,846		62,569
Dynex Capital, Inc.	22,328		274,411
Ellington Financial, Inc.	17,042		221,205
Franklin BSP Realty Trust, Inc.	15,965		173,380
Invesco Mortgage Capital, Inc.	12,715		96,125
KKR Real Estate Finance Trust, Inc.	11,456		103,104
Ladder Capital Corp.	22,877		249,588
MFA Financial, Inc.	19,439		178,644
Nexpoint Real Estate Finance, Inc.	2,108		29,891
Orchid Island Capital, Inc.	20,556		144,098
PennyMac Mortgage Investment Trust	16,461		201,812
Ready Capital Corp.	32,507		125,802
Redwood Trust, Inc.	25,370		146,892
Rithm Property Trust, Inc.	10,168		25,623
Seven Hills Realty Trust	3,506		36,147
TPG RE Finance Trust, Inc.	12,758		109,208
Two Harbors Investment Corp.	19,729		194,725
			4,579,431
			97,085,623
Health care – 15.4%
Biotechnology – 7.2%
4D Molecular Therapeutics, Inc. (A)	8,375		72,779
89bio, Inc. (A)	24,104		354,329

 

179

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Abeona Therapeutics, Inc. (A)(B)	8,991	$	47,472
Absci Corp. (A)(B)	21,436		65,165
ACADIA Pharmaceuticals, Inc. (A)	23,764		507,124
ADC Therapeutics SA (A)	14,551		58,204
ADMA Biologics, Inc. (A)	44,253		648,749
Aduro Biotech, Inc. (A)(C)	4,010		5,618
Agios Pharmaceuticals, Inc. (A)	10,807		433,793
Akebia Therapeutics, Inc. (A)(B)	48,275		131,791
Akero Therapeutics, Inc. (A)	13,384		635,472
Albireo Pharma, Inc. (A)(C)	3,774		8,114
Aldeyra Therapeutics, Inc. (A)(B)	11,264		58,798
Alector, Inc. (A)(B)	12,225		36,186
Alkermes PLC (A)	30,913		927,390
Allogene Therapeutics, Inc. (A)(B)	31,586		39,167
Altimmune, Inc. (A)	14,956		56,384
Amicus Therapeutics, Inc. (A)	53,665		422,880
AnaptysBio, Inc. (A)	3,810		116,662
Anavex Life Sciences Corp. (A)	16,253		144,652
Anika Therapeutics, Inc. (A)	2,997		28,172
Annexon, Inc. (A)	19,295		58,850
Apogee Therapeutics, Inc. (A)	6,153		244,459
Arbutus Biopharma Corp. (A)	31,366		142,402
Arcellx, Inc. (A)	6,498		533,486
Arcturus Therapeutics Holdings, Inc. (A)	5,052		93,108
Arcus Biosciences, Inc. (A)	13,758		187,109
Arcutis Biotherapeutics, Inc. (A)	20,448		385,445
Ardelyx, Inc. (A)	45,633		251,438
ArriVent Biopharma, Inc. (A)(B)	4,724		87,158
Arrowhead Pharmaceuticals, Inc. (A)	23,149		798,409
ARS Pharmaceuticals, Inc. (A)(B)	10,616		106,691
Astria Therapeutics, Inc. (A)	8,731		63,562
Aura Biosciences, Inc. (A)(B)	8,459		52,277
Aurinia Pharmaceuticals, Inc. (A)	21,460		237,133
Avidity Biosciences, Inc. (A)	19,325		841,990
Beam Therapeutics, Inc. (A)(B)	18,376		445,986
Bicara Therapeutics, Inc. (A)	6,761		106,756
BioCryst Pharmaceuticals, Inc. (A)	40,107		304,412
Biohaven, Ltd. (A)	17,459		262,060
Blueprint Medicines Corp. (A)(C)	12,182		5,604
Bridgebio Pharma, Inc. (A)	29,837		1,549,734
Bright Minds Biosciences, Inc. (A)	786		47,679
Candel Therapeutics, Inc. (A)(B)	7,790		39,729
Capricor Therapeutics, Inc. (A)(B)	7,597		54,774
Cardiff Oncology, Inc. (A)	12,370		25,482
CareDx, Inc. (A)	10,447		151,899
Catalyst Pharmaceuticals, Inc. (A)	22,074		434,858
Celcuity, Inc. (A)(B)	5,539		273,627
Celldex Therapeutics, Inc. (A)	12,696		328,446
CG Oncology, Inc. (A)(B)	10,744		432,768
Chinook Therapeutics, Inc. (A)(C)	12,035		16,862
Cidara Therapeutics, Inc. (A)	2,904		278,087
Cogent Biosciences, Inc. (A)	24,430		350,815
Coherus Oncology, Inc. (A)	18,567		30,450
Compass Therapeutics, Inc. (A)	18,498		64,743
Corvus Pharmaceuticals, Inc. (A)(B)	10,720		79,006
CRISPR Therapeutics AG (A)	15,804		1,024,257
Cullinan Therapeutics, Inc. (A)	10,100		59,893
Cytokinetics, Inc. (A)	22,341		1,227,861
Day One Biopharmaceuticals, Inc. (A)	14,498		102,211
Denali Therapeutics, Inc. (A)	25,679		372,859
Design Therapeutics, Inc. (A)(B)	3,997		30,097
DiaMedica Therapeutics, Inc. (A)	5,429		37,297
Dianthus Therapeutics, Inc. (A)(B)	3,100		121,985
Disc Medicine, Inc. (A)	4,345		287,118
Dynavax Technologies Corp. (A)	20,388		202,453

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Dyne Therapeutics, Inc. (A)	20,775	$	262,804
Editas Medicine, Inc. (A)	16,238		56,346
Eledon Pharmaceuticals, Inc. (A)	10,366		26,848
Emergent BioSolutions, Inc. (A)(B)	10,396		91,693
Enanta Pharmaceuticals, Inc. (A)	4,145		49,616
Entrada Therapeutics, Inc. (A)	4,957		28,751
Erasca, Inc. (A)	34,311		74,798
Fennec Pharmaceuticals, Inc. (A)	5,128		47,998
Geron Corp. (A)	104,798		143,573
Gossamer Bio, Inc. (A)(B)	38,028		100,014
GRAIL, Inc. (A)	5,837		345,142
Heron Therapeutics, Inc. (A)(B)	29,936		37,719
Humacyte, Inc. (A)(B)	24,492		42,616
Icosavax, Inc. (A)(C)	6,029		1,869
Ideaya Biosciences, Inc. (A)	15,196		413,483
ImmunityBio, Inc. (A)	44,366		109,140
Immunome, Inc. (A)(B)	14,339		167,910
Immunovant, Inc. (A)	13,420		216,330
Inhibrx Biosciences, Inc. (A)	2,102		70,795
Inhibrx, Inc. (A)(C)	6,820		4,297
Inmune Bio, Inc. (A)(B)	3,682		7,622
Intellia Therapeutics, Inc. (A)	18,805		324,762
Iovance Biotherapeutics, Inc. (A)	49,877		108,233
Ironwood Pharmaceuticals, Inc. (A)	30,457		39,899
iTeos Therapeutics, Inc. (A)(C)	5,923		610
Jade Biosciences, Inc.	6,441		55,586
Janux Therapeutics, Inc. (A)	7,587		185,426
KalVista Pharmaceuticals, Inc. (A)	7,671		93,433
Keros Therapeutics, Inc. (A)	6,590		104,254
Kodiak Sciences, Inc. (A)	6,038		98,842
Korro Bio, Inc. (A)(B)	1,241		59,431
Krystal Biotech, Inc. (A)	4,729		834,810
Kura Oncology, Inc. (A)	16,196		143,335
Kymera Therapeutics, Inc. (A)	9,529		539,341
Larimar Therapeutics, Inc. (A)	8,766		28,314
Lexeo Therapeutics, Inc. (A)	4,674		31,035
Madrigal Pharmaceuticals, Inc. (A)	3,530		1,619,070
MannKind Corp. (A)	58,656		314,983
MeiraGTx Holdings PLC (A)	8,616		70,910
Merrimack Pharmaceuticals, Inc. (A)(C)	2,411		72
Metsera, Inc. (A)	10,158		531,568
MiMedx Group, Inc. (A)	23,900		166,822
Mineralys Therapeutics, Inc. (A)	7,366		279,319
Mirum Pharmaceuticals, Inc. (A)	7,552		553,637
Monopar Therapeutics, Inc. (A)	652		53,249
Monte Rosa Therapeutics, Inc. (A)	9,464		70,128
Myriad Genetics, Inc. (A)	17,898		129,403
Neurogene, Inc. (A)(B)	1,885		32,667
Novavax, Inc. (A)(B)	28,705		248,872
Nurix Therapeutics, Inc. (A)	14,659		135,449
Nuvalent, Inc., Class A (A)	8,220		710,866
Olema Pharmaceuticals, Inc. (A)	11,891		116,413
Organogenesis Holdings, Inc. (A)(B)	13,865		58,510
ORIC Pharmaceuticals, Inc. (A)	10,928		131,136
Oruka Therapeutics, Inc. (A)	5,483		105,438
Palvella Therapeutics, Inc. (A)	1,428		89,521
PDL BioPharma, Inc. (A)(B)(C)	28,581		4,573
Perspective Therapeutics, Inc. (A)(B)	12,304		42,203
Praxis Precision Medicines, Inc. (A)	3,451		182,903
Precigen, Inc. (A)(B)	27,108		89,185
Prime Medicine, Inc. (A)(B)	14,662		81,227
Protagonist Therapeutics, Inc. (A)	11,169		741,957
Protalix BioTherapeutics, Inc. (A)(B)	12,507		27,766
Prothena Corp. PLC (A)	7,895		77,055
PTC Therapeutics, Inc. (A)	14,842		910,854

 

180

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Puma Biotechnology, Inc. (A)	8,862	$	47,057
Recursion Pharmaceuticals, Inc., Class A (A)(B)	69,361		338,482
REGENXBIO, Inc. (A)	8,921		86,088
Regulus Therapeutics, Inc. (A)(C)	12,077		14,009
Relay Therapeutics, Inc. (A)	26,393		137,771
Replimune Group, Inc. (A)	12,929		54,173
Rezolute, Inc. (A)	15,329		144,093
Rhythm Pharmaceuticals, Inc. (A)	9,862		995,963
Rigel Pharmaceuticals, Inc. (A)	3,081		87,285
Rocket Pharmaceuticals, Inc. (A)	17,934		58,465
Sage Therapeutics, Inc. (A)(C)	11,117		2,001
Sana Biotechnology, Inc. (A)(B)	26,389		93,681
Savara, Inc. (A)	21,633		77,230
Scholar Rock Holding Corp. (A)	15,550		579,082
SELLAS Life Sciences Group, Inc. (A)	19,464		31,337
Sionna Therapeutics, Inc. (A)	2,531		74,437
Soleno Therapeutics, Inc. (A)	7,969		538,704
Solid Biosciences, Inc. (A)	12,933		79,797
Spyre Therapeutics, Inc. (A)(B)	9,655		161,818
Stoke Therapeutics, Inc. (A)(B)	8,670		203,745
Syndax Pharmaceuticals, Inc. (A)	16,872		259,576
Synergy Pharmaceuticals, Inc. (A)(C)	80,513		233
Tango Therapeutics, Inc. (A)(B)	12,724		106,882
Taysha Gene Therapies, Inc. (A)	39,727		129,907
Tectonic Therapeutic, Inc. (A)(B)	2,271		35,632
TG Therapeutics, Inc. (A)(B)	27,728		1,001,674
Tonix Pharmaceuticals Holding Corp. (A)(B)	1,458		35,225
Tourmaline Bio, Inc. (A)	3,307		158,174
Travere Therapeutics, Inc. (A)	16,952		405,153
Twist Bioscience Corp. (A)	11,310		318,263
Tyra Biosciences, Inc. (A)(B)	4,988		69,782
Upstream Bio, Inc. (A)	6,856		128,961
UroGen Pharma, Ltd. (A)(B)	7,141		142,463
Vanda Pharmaceuticals, Inc. (A)	10,998		54,880
Vaxcyte, Inc. (A)	22,061		794,637
Vera Therapeutics, Inc. (A)	9,894		287,520
Veracyte, Inc. (A)	15,073		517,456
Verastem, Inc. (A)	9,041		79,832
Vericel Corp. (A)	9,657		303,906
Verve Therapeutics, Inc. (A)(C)	13,147		8,283
Vir Biotechnology, Inc. (A)	17,725		101,210
Viridian Therapeutics, Inc. (A)	13,489		291,093
Voyager Therapeutics, Inc. (A)	11,228		52,435
Xencor, Inc. (A)	13,924		163,329
Xenon Pharmaceuticals, Inc. (A)	14,709		590,566
XOMA Royalty Corp. (A)	1,739		67,021
Zenas Biopharma, Inc. (A)(B)	3,324		73,793
Zymeworks, Inc. (A)	10,001		170,817
			40,308,578
Health care equipment and supplies – 2.4%
Accuray, Inc. (A)	23,255		38,836
Alphatec Holdings, Inc. (A)	22,326		324,620
AngioDynamics, Inc. (A)	7,745		86,512
Artivion, Inc. (A)	7,401		313,358
AtriCure, Inc. (A)	9,333		328,988
Avanos Medical, Inc. (A)	9,048		104,595
Axogen, Inc. (A)	8,700		155,208
Beta Bionics, Inc. (A)	7,324		145,528
Bioventus, Inc., Class A (A)	9,362		62,632
Butterfly Network, Inc. (A)(B)	37,625		72,616
Ceribell, Inc. (A)	5,026		57,749
Cerus Corp. (A)	39,241		62,393
ClearPoint Neuro, Inc. (A)	5,188		113,047

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
CONMED Corp.	5,948	$	279,734
CVRx, Inc. (A)(B)	3,095		24,977
Delcath Systems, Inc. (A)(B)	5,911		63,543
Electromed, Inc. (A)	1,500		36,825
Embecta Corp.	11,685		164,875
Enovis Corp. (A)	10,872		329,856
Glaukos Corp. (A)	10,657		869,078
Haemonetics Corp. (A)	9,235		450,114
ICU Medical, Inc. (A)	4,609		552,896
Inogen, Inc. (A)	4,921		40,205
Integer Holdings Corp. (A)	6,510		672,678
Integra LifeSciences Holdings Corp. (A)	12,982		186,032
iRadimed Corp.	1,708		121,541
iRhythm Technologies, Inc. (A)	6,084		1,046,387
Kestra Medical Technologies, Ltd. (A)(B)	2,870		68,191
Lantheus Holdings, Inc. (A)	12,882		660,718
LeMaitre Vascular, Inc.	4,007		350,653
LivaNova PLC (A)	10,396		544,542
Merit Medical Systems, Inc. (A)	11,034		918,360
Neogen Corp. (A)	42,602		243,257
NeuroPace, Inc. (A)	4,837		49,869
Novocure, Ltd. (A)	19,511		252,082
Omnicell, Inc. (A)	9,028		274,903
OraSure Technologies, Inc. (A)	16,331		52,423
Orthofix Medical, Inc. (A)	7,937		116,198
OrthoPediatrics Corp. (A)	3,428		63,521
Outset Medical, Inc. (A)	3,463		48,898
Paragon 28, Inc. (A)(B)(C)	9,242		832
PROCEPT BioRobotics Corp. (A)(B)	10,054		358,827
Pulse Biosciences, Inc. (A)(B)	3,572		63,224
QuidelOrtho Corp. (A)	13,008		383,086
RxSight, Inc. (A)	7,408		66,598
SANUWAVE Health, Inc. (A)	1,404		52,622
Semler Scientific, Inc. (A)(B)	2,205		66,150
SI-BONE, Inc. (A)	7,423		109,267
STAAR Surgical Company (A)	9,682		260,155
Stereotaxis, Inc. (A)	12,354		38,421
Surmodics, Inc. (A)	2,823		84,379
Tactile Systems Technology, Inc. (A)(B)	4,976		68,868
Tandem Diabetes Care, Inc. (A)	12,934		157,019
TransMedics Group, Inc. (A)(B)	6,356		713,143
Treace Medical Concepts, Inc. (A)	9,764		65,516
UFP Technologies, Inc. (A)	1,442		287,823
Utah Medical Products, Inc.	597		37,593
Varex Imaging Corp. (A)	8,155		101,122
Zimvie, Inc. (A)	6,010		113,829
			13,376,912
Health care providers and services – 3.1%
AdaptHealth Corp. (A)	19,611		175,518
Addus HomeCare Corp. (A)	3,453		407,419
agilon health, Inc. (A)	59,788		61,582
Alignment Healthcare, Inc. (A)	27,798		485,075
AMN Healthcare Services, Inc. (A)	7,361		142,509
Ardent Health, Inc. (A)	4,723		62,580
Astrana Health, Inc. (A)	7,958		225,609
Aveanna Healthcare Holdings, Inc. (A)	9,319		82,660
BrightSpring Health Services, Inc. (A)	17,592		520,020
Brookdale Senior Living, Inc. (A)	43,979		372,502
Castle Biosciences, Inc. (A)	5,520		125,690
Clover Health Investments Corp. (A)(B)	77,631		237,551
Community Health Systems, Inc. (A)	25,866		83,030
Concentra Group Holdings Parent, Inc.	22,523		471,406
CorVel Corp. (A)	5,565		430,842
Cross Country Healthcare, Inc. (A)	6,236		88,551
DocGo, Inc. (A)	19,525		26,554

 

181

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Enhabit, Inc. (A)	9,559	$	76,568
Fulgent Genetics, Inc. (A)	4,123		93,180
GeneDx Holdings Corp. (A)	3,588		386,571
Guardant Health, Inc. (A)	22,799		1,424,482
HealthEquity, Inc. (A)	16,269		1,541,813
Hims & Hers Health, Inc. (A)(B)	36,375		2,063,190
LifeStance Health Group, Inc. (A)	25,912		142,516
Nano-X Imaging, Ltd. (A)(B)	12,658		46,835
National HealthCare Corp.	2,437		296,120
National Research Corp. (B)	2,563		32,755
NeoGenomics, Inc. (A)	25,379		195,926
Nutex Health, Inc. (A)(B)	663		68,501
Omada Health, Inc. (A)	1,764		39,002
OPKO Health, Inc. (A)(B)	71,126		110,245
Option Care Health, Inc. (A)	31,383		871,192
Owens & Minor, Inc. (A)	14,572		69,946
PACS Group, Inc. (A)	8,717		119,684
Pediatrix Medical Group, Inc. (A)	16,444		275,437
Performant Healthcare, Inc. (A)(B)	14,232		110,013
Premier, Inc., Class A (B)	15,382		427,620
Privia Health Group, Inc. (A)	22,096		550,190
Progyny, Inc. (A)	14,306		307,865
RadNet, Inc. (A)	12,953		987,148
Select Medical Holdings Corp.	21,489		275,919
Surgery Partners, Inc. (A)	14,823		320,770
Talkspace, Inc. (A)	24,173		66,717
The Ensign Group, Inc.	10,644		1,838,964
The Joint Corp. (A)(B)	2,421		23,096
The Oncology Institute, Inc. (A)	11,770		41,077
The Pennant Group, Inc. (A)	6,619		166,931
US Physical Therapy, Inc.	2,864		243,297
Viemed Healthcare, Inc. (A)	6,762		45,914
			17,258,582
Health care technology – 0.4%
Claritev Corp. (A)	1,518		80,575
Definitive Healthcare Corp. (A)	8,288		33,649
Evolent Health, Inc., Class A (A)(B)	22,594		191,145
Health Catalyst, Inc. (A)	14,132		40,276
HealthStream, Inc.	4,933		139,308
LifeMD, Inc. (A)(B)	7,141		48,487
OptimizeRx Corp. (A)	3,480		71,340
Phreesia, Inc. (A)	10,877		255,827
Schrodinger, Inc. (A)	10,864		217,932
Simulations Plus, Inc. (A)	3,453		52,037
Teladoc Health, Inc. (A)(B)	34,050		263,207
TruBridge, Inc. (A)	2,077		41,893
Waystar Holding Corp. (A)	20,728		786,006
			2,221,682
Life sciences tools and services – 0.4%
10X Genomics, Inc., Class A (A)	20,349		237,880
Adaptive Biotechnologies Corp. (A)	28,768		430,369
Azenta, Inc. (A)	7,829		224,849
BioLife Solutions, Inc. (A)	7,381		188,289
Codexis, Inc. (A)	16,795		40,980
CryoPort, Inc. (A)	9,685		91,814
Cytek Biosciences, Inc. (A)	23,649		82,062
Fortrea Holdings, Inc. (A)	17,834		150,162
Ginkgo Bioworks Holdings, Inc. (A)	7,577		110,473
Lifecore Biomedical, Inc. (A)	5,658		41,643
Maravai LifeSciences Holdings, Inc., Class A (A)(B)	24,729		70,972
MaxCyte, Inc. (A)	21,493		33,959
Mesa Laboratories, Inc.	1,011		67,747
Niagen Bioscience, Inc. (A)(B)	10,197		95,138
OmniAb, Inc. (A)	23,552		37,683

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
OmniAb, Inc., $12.50 Earnout Shares (A)	1,176	$	1,166
OmniAb, Inc., $15.00 Earnout Shares (A)	1,176		1,079
Pacific Biosciences of California, Inc. (A)(B)	54,084		69,228
Personalis, Inc. (A)(B)	9,807		63,942
Quanterix Corp. (A)(B)	7,614		41,344
Quantum-Si, Inc. (A)(B)	27,582		38,891
Standard BioTools, Inc. (A)(B)	61,123		79,460
			2,199,130
Pharmaceuticals – 1.9%
Aclaris Therapeutics, Inc. (A)(B)	19,210		36,499
Alumis, Inc. (A)	9,563		38,156
Amneal Pharmaceuticals, Inc. (A)	29,264		292,933
Amphastar Pharmaceuticals, Inc. (A)	7,089		188,922
Amylyx Pharmaceuticals, Inc. (A)(B)	13,707		186,278
ANI Pharmaceuticals, Inc. (A)	3,468		317,669
Aquestive Therapeutics, Inc. (A)(B)	17,077		95,460
Arvinas, Inc. (A)	12,818		109,209
Atea Pharmaceuticals, Inc. (A)	17,214		49,921
Avadel Pharmaceuticals PLC (A)	17,300		264,171
Axsome Therapeutics, Inc. (A)	7,722		937,837
CinCor Pharma, Inc. (A)(C)	5,189		15,878
Collegium Pharmaceutical, Inc. (A)	6,096		213,299
CorMedix, Inc. (A)(B)	13,828		160,820
Crinetics Pharmaceuticals, Inc. (A)	17,334		721,961
Edgewise Therapeutics, Inc. (A)	12,911		209,416
Enliven Therapeutics, Inc. (A)(B)	7,963		163,003
Esperion Therapeutics, Inc. (A)	41,753		110,645
Eton Pharmaceuticals, Inc. (A)(B)	5,115		111,149
Evolus, Inc. (A)	10,332		63,438
EyePoint Pharmaceuticals, Inc. (A)	12,007		170,980
Fulcrum Therapeutics, Inc. (A)	7,789		71,659
Harmony Biosciences Holdings, Inc. (A)	8,425		232,193
Harrow, Inc. (A)(B)	6,061		292,019
Indivior PLC (A)	23,258		560,750
Innoviva, Inc. (A)	12,170		222,103
LENZ Therapeutics, Inc. (A)(B)	2,965		138,110
Ligand Pharmaceuticals, Inc. (A)	3,643		645,321
Liquidia Corp. (A)	12,447		283,045
Maze Therapeutics, Inc. (A)	3,721		96,486
MBX Biosciences, Inc. (A)	3,438		60,165
MediWound, Ltd. (A)(B)	1,678		30,238
Mind Medicine MindMed, Inc. (A)(B)	14,713		173,466
Nuvation Bio, Inc. (A)(B)	49,089		181,629
Ocular Therapeutix, Inc. (A)	27,036		316,051
Omeros Corp. (A)(B)	11,405		46,761
Pacira BioSciences, Inc. (A)(B)	8,861		228,348
Phathom Pharmaceuticals, Inc. (A)	8,197		96,479
Phibro Animal Health Corp., Class A	3,943		159,534
Poseida Therapeutics, Inc. (A)(B)(C)	13,765		6,883
Prestige Consumer Healthcare, Inc. (A)	9,379		585,250
Rapport Therapeutics, Inc. (A)	3,595		106,772
scPharmaceuticals, Inc. (A)	7,931		44,969
Septerna, Inc. (A)	4,224		79,453
SIGA Technologies, Inc.	8,053		73,685
Supernus Pharmaceuticals, Inc. (A)	10,308		492,619
Tarsus Pharmaceuticals, Inc. (A)	7,437		441,981
Terns Pharmaceuticals, Inc. (A)	14,387		108,046
Theravance Biopharma, Inc. (A)	6,440		94,024
Third Harmonic Bio, Inc. (A)(C)	5,239		157
Trevi Therapeutics, Inc. (A)	16,923		154,845
Tvardi Therapeutics, Inc. (A)(B)	862		33,592
WaVe Life Sciences, Ltd. (A)	21,793		159,525

 

182

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Xeris Biopharma Holdings, Inc. (A)	29,142	$	237,216
Zevra Therapeutics, Inc. (A)(B)	10,819		102,889
			11,013,907
			86,378,791
Industrials – 17.0%
Aerospace and defense – 1.9%
AAR Corp. (A)	6,811		610,742
AeroVironment, Inc. (A)	6,067		1,910,438
AerSale Corp. (A)	6,700		54,873
AIRO Group Holdings, Inc. (A)	1,177		22,598
Archer Aviation, Inc., Class A (A)(B)	104,096		997,240
Astronics Corp. (A)	5,891		268,689
Byrna Technologies, Inc. (A)(B)	3,487		77,272
Cadre Holdings, Inc.	5,510		201,170
Ducommun, Inc. (A)	2,666		256,283
Eve Holding, Inc. (A)(B)	10,455		39,834
Intuitive Machines, Inc. (A)(B)	20,944		220,331
Kratos Defense & Security Solutions, Inc. (A)(B)	31,608		2,888,023
Mercury Systems, Inc. (A)	9,948		769,975
Moog, Inc., Class A	5,335		1,107,919
National Presto Industries, Inc.	1,036		116,187
Park Aerospace Corp.	3,829		77,882
Redwire Corp. (A)	9,331		83,886
Satellogic, Inc., Class A (A)	13,526		44,365
V2X, Inc. (A)	3,619		210,228
Voyager Technologies, Inc., Class A (A)	2,602		77,488
VSE Corp.	3,878		644,679
			10,680,102
Air freight and logistics – 0.1%
Forward Air Corp. (A)(B)	4,359		111,765
Hub Group, Inc., Class A	11,245		387,278
Radiant Logistics, Inc. (A)	8,366		49,359
			548,402
Building products – 1.3%
American Woodmark Corp. (A)	2,793		186,461
Apogee Enterprises, Inc.	4,156		181,077
AZZ, Inc.	5,659		617,567
CSW Industrials, Inc.	3,096		751,554
Gibraltar Industries, Inc. (A)	5,702		358,086
Griffon Corp.	7,382		562,139
Insteel Industries, Inc.	3,585		137,449
Janus International Group, Inc. (A)	26,351		260,084
JELD-WEN Holding, Inc. (A)	18,088		88,812
Masterbrand, Inc. (A)	24,486		322,481
Quanex Building Products Corp.	9,172		130,426
Resideo Technologies, Inc. (A)	25,827		1,115,210
Tecnoglass, Inc.	4,651		311,198
UFP Industries, Inc.	11,458		1,071,208
Zurn Elkay Water Solutions Corp.	28,569		1,343,600
			7,437,352
Commercial services and supplies – 1.5%
ABM Industries, Inc.	11,759		542,325
ACCO Brands Corp.	18,727		74,721
ACV Auctions, Inc., Class A (A)	32,152		318,626
BrightView Holdings, Inc. (A)	13,099		175,527
Casella Waste Systems, Inc., Class A (A)	11,979		1,136,568
CECO Environmental Corp. (A)	5,662		289,894
Cimpress PLC (A)	2,943		185,527
CoreCivic, Inc. (A)	20,631		419,841
Deluxe Corp.	8,430		163,205
Driven Brands Holdings, Inc. (A)	11,670		188,004
Ennis, Inc.	4,975		90,943

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Enviri Corp. (A)	14,815	$	188,002
Healthcare Services Group, Inc. (A)	14,112		237,505
HNI Corp.	8,747		409,797
Interface, Inc.	11,336		328,064
Liquidity Services, Inc. (A)	4,590		125,904
MillerKnoll, Inc.	12,931		229,396
Montrose Environmental Group, Inc. (A)	6,380		175,195
OPENLANE, Inc. (A)	20,371		586,277
Perma-Fix Environmental Services, Inc. (A)(B)	3,802		38,400
Pitney Bowes, Inc.	32,196		367,356
Quad/Graphics, Inc.	6,242		39,075
Steelcase, Inc., Class A	16,129		277,419
The Brink's Company	7,947		928,686
The GEO Group, Inc. (A)	26,115		535,096
UniFirst Corp.	2,896		484,182
Vestis Corp.	22,546		102,133
			8,637,668
Construction and engineering – 2.3%
Ameresco, Inc., Class A (A)	6,284		211,017
Arcosa, Inc.	9,256		867,380
Argan, Inc.	2,543		686,737
Bowman Consulting Group, Ltd. (A)	2,886		122,251
Centuri Holdings, Inc. (A)	13,315		281,879
Concrete Pumping Holdings, Inc.	4,954		34,926
Construction Partners, Inc., Class A (A)	8,955		1,137,285
Dycom Industries, Inc. (A)	5,341		1,558,290
Fluor Corp. (A)	31,046		1,306,105
Granite Construction, Inc. (B)	8,273		907,134
Great Lakes Dredge & Dock Corp. (A)	12,909		154,779
IES Holdings, Inc. (A)(B)	1,730		687,935
Limbach Holdings, Inc. (A)	2,042		198,319
Matrix Service Company (A)	5,453		71,325
MYR Group, Inc. (A)	2,945		612,648
NWPX Infrastructure, Inc. (A)	1,942		102,790
Orion Group Holdings, Inc. (A)	7,392		61,501
Primoris Services Corp.	10,287		1,412,714
Sterling Infrastructure, Inc. (A)	5,692		1,933,459
Tutor Perini Corp. (A)	8,515		558,499
			12,906,973
Electrical equipment – 2.3%
Allient, Inc.	2,819		126,150
American Superconductor Corp. (A)	8,199		486,939
Amprius Technologies, Inc. (A)	18,156		191,001
Array Technologies, Inc. (A)(B)	29,051		236,766
Atkore, Inc.	6,548		410,822
Bloom Energy Corp., Class A (A)(B)	40,818		3,451,978
Complete Solaria, Inc. (A)(B)	11,049		19,446
EnerSys	7,163		809,132
Enovix Corp. (A)(B)	31,693		315,979
Eos Energy Enterprises, Inc. (A)(B)	48,240		549,454
Fluence Energy, Inc. (A)(B)	14,927		161,212
Hyliion Holdings Corp. (A)(B)	27,480		54,136
KULR Technology Group, Inc. (A)	6,419		26,703
LSI Industries, Inc.	5,480		129,383
NANO Nuclear Energy, Inc. (A)(B)	5,888		227,041
NEXTracker, Inc., Class A (A)	27,730		2,051,743
NuScale Power Corp. (A)	24,205		871,380
Plug Power, Inc. (A)	207,534		483,554
Powell Industries, Inc. (B)	1,836		559,631
Power Solutions International, Inc. (A)	1,270		124,739
Preformed Line Products Company	485		95,133
Shoals Technologies Group, Inc., Class A (A)	32,457		240,506
SunPower Corp. (A)(C)	18,631		0

 

183

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Sunrun, Inc. (A)	40,166	$	694,470
T1 Energy, Inc. (A)(B)	22,657		49,392
Thermon Group Holdings, Inc. (A)	6,447		172,264
Vicor Corp. (A)	4,548		226,127
			12,765,081
Ground transportation – 0.3%
ArcBest Corp.	4,370		305,332
Covenant Logistics Group, Inc.	3,196		69,225
FTAI Infrastructure, Inc. (B)	19,005		82,862
Heartland Express, Inc.	10,566		88,543
Hertz Global Holdings, Inc. (A)(B)	22,771		154,843
Marten Transport, Ltd.	12,202		130,073
Proficient Auto Logistics, Inc. (A)	4,869		33,547
RXO, Inc. (A)	31,216		480,102
Universal Logistics Holdings, Inc. (B)	1,382		32,394
Werner Enterprises, Inc.	11,346		298,627
			1,675,548
Industrial conglomerates – 0.0%
Brookfield Business Corp., Class A	4,814		161,413
Machinery – 3.7%
3D Systems Corp. (A)	28,538		82,760
Aebi Schmidt Holding AG	6,722		83,823
Alamo Group, Inc.	1,949		372,064
Albany International Corp., Class A	5,707		304,183
Astec Industries, Inc.	4,432		213,312
Atmus Filtration Technologies, Inc.	15,790		711,971
Blue Bird Corp. (A)	6,152		354,048
Chart Industries, Inc. (A)	8,615		1,724,292
Columbus McKinnon Corp.	5,770		82,742
Douglas Dynamics, Inc.	4,393		137,325
Energy Recovery, Inc. (A)	10,462		161,324
Enerpac Tool Group Corp.	10,394		426,154
Enpro, Inc.	4,024		909,424
ESCO Technologies, Inc.	4,944		1,043,728
Federal Signal Corp.	11,420		1,358,866
Franklin Electric Company, Inc.	7,564		720,093
Gencor Industries, Inc. (A)	2,346		34,322
Graham Corp. (A)	2,089		114,686
Helios Technologies, Inc.	6,414		334,362
Hillenbrand, Inc.	13,639		368,799
Hillman Solutions Corp. (A)	38,473		353,182
Hyster-Yale, Inc.	2,329		85,847
JBT Marel Corp.	9,951		1,397,618
Kadant, Inc.	2,232		664,199
Kennametal, Inc.	14,430		302,020
LB Foster Company, Class A (A)	1,781		47,998
Lindsay Corp.	2,082		292,646
Luxfer Holdings PLC	5,602		77,868
Mayville Engineering Company, Inc. (A)	3,021		41,569
Microvast Holdings, Inc. (A)(B)	38,212		147,116
Miller Industries, Inc.	2,129		86,054
Mueller Water Products, Inc., Class A	29,707		758,123
Omega Flex, Inc.	914		28,503
Palladyne AI Corp. (A)	4,968		42,675
Park-Ohio Holdings Corp.	1,859		39,485
Proto Labs, Inc. (A)	4,588		229,538
REV Group, Inc.	9,005		510,313
Richtech Robotics, Inc., Class B (A)(B)	13,620		58,430
SPX Technologies, Inc. (A)	9,080		1,695,962
Standex International Corp.	2,274		481,861
Tennant Company	3,546		287,439
Terex Corp.	12,329		632,478
The Gorman-Rupp Company	4,237		196,639
The Greenbrier Companies, Inc.	5,781		266,909

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
The Manitowoc Company, Inc. (A)	6,687	$	66,937
Titan International, Inc. (A)	9,565		72,311
Trinity Industries, Inc.	15,529		435,433
Wabash National Corp.	8,289		81,812
Watts Water Technologies, Inc., Class A	5,195		1,450,860
Worthington Enterprises, Inc.	6,107		338,877
			20,708,980
Marine transportation – 0.2%
Costamare, Inc.	8,714		103,784
Genco Shipping & Trading, Ltd. (B)	5,584		99,395
Himalaya Shipping, Ltd. (A)(B)	6,273		51,627
Matson, Inc.	6,178		609,089
Pangaea Logistics Solutions, Ltd.	6,331		32,161
Safe Bulkers, Inc.	12,130		53,857
			949,913
Passenger airlines – 0.5%
Allegiant Travel Company (A)(B)	2,773		168,515
Frontier Group Holdings, Inc. (A)(B)	16,957		74,865
JetBlue Airways Corp. (A)(B)	61,830		304,204
Joby Aviation, Inc. (A)(B)	88,434		1,427,325
SkyWest, Inc. (A)	7,669		771,655
Strata Critical Medical, Inc. (A)	13,033		65,947
Sun Country Airlines Holdings, Inc. (A)	9,821		115,986
			2,928,497
Professional services – 1.8%
Acuren Corp. (A)	33,563		446,724
Alight, Inc., Class A	81,331		265,139
Asure Software, Inc. (A)	4,722		38,720
Barrett Business Services, Inc.	4,757		210,830
BlackSky Technology, Inc. (A)(B)	6,240		125,736
CBIZ, Inc. (A)	9,466		501,319
Conduent, Inc. (A)	29,559		82,765
CRA International, Inc.	1,271		265,042
CSG Systems International, Inc.	5,262		338,768
Exponent, Inc.	9,718		675,207
First Advantage Corp. (A)(B)	15,293		235,359
Franklin Covey Company (A)	2,482		48,176
Heidrick & Struggles International, Inc.	3,951		196,641
Huron Consulting Group, Inc. (A)	3,255		477,736
IBEX Holdings, Ltd. (A)	2,067		83,755
ICF International, Inc.	3,503		325,078
Innodata, Inc. (A)	5,804		447,314
Insperity, Inc.	6,909		339,923
Kelly Services, Inc., Class A	6,325		82,984
Kforce, Inc.	3,518		105,470
Korn Ferry	9,778		684,264
Legalzoom.com, Inc. (A)	21,406		222,194
Maximus, Inc.	10,774		984,420
Mistras Group, Inc. (A)	3,608		35,503
Planet Labs PBC (A)	44,024		571,432
Resolute Holdings Management, Inc. (A)(B)	898		64,791
Resources Connection, Inc.	7,105		35,880
Spire Global, Inc. (A)	5,492		60,357
TriNet Group, Inc.	5,722		382,745
TrueBlue, Inc. (A)	6,251		38,319
Upwork, Inc. (A)	23,718		440,443
Verra Mobility Corp. (A)	30,472		752,658
Willdan Group, Inc. (A)	2,677		258,839
WNS Holdings, Ltd. (A)	7,091		540,831
			10,365,362
Trading companies and distributors – 1.1%
Alta Equipment Group, Inc.	4,607		33,355
BlueLinx Holdings, Inc. (A)	1,478		108,012

 

184

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
Boise Cascade Company	7,225	$	558,637
Custom Truck One Source, Inc. (A)	12,214		78,414
Distribution Solutions Group, Inc. (A)	2,254		67,800
DNOW, Inc. (A)	19,243		293,456
DXP Enterprises, Inc. (A)	2,499		297,556
GATX Corp.	6,835		1,194,758
Global Industrial, Inc.	3,199		117,307
Herc Holdings, Inc.	6,233		727,142
Hudson Technologies, Inc. (A)	7,578		75,250
Karat Packaging, Inc.	1,535		38,697
McGrath RentCorp	4,725		554,243
MRC Global, Inc. (A)	16,443		237,108
NPK International, Inc. (A)	15,744		178,065
Rush Enterprises, Inc., Class A	11,763		628,968
Rush Enterprises, Inc., Class B	1,932		110,935
Titan Machinery, Inc. (A)	4,065		68,048
Transcat, Inc. (A)	1,772		129,710
Willis Lease Finance Corp.	484		66,352
Xometry, Inc., Class A (A)	8,369		455,859
			6,019,672
Transportation infrastructure – 0.0%
Sky Harbour Group Corp. (A)	4,432		43,744
			95,828,707
Information technology – 14.9%
Communications equipment – 0.8%
ADTRAN Holdings, Inc. (A)	14,443		135,475
Applied Optoelectronics, Inc. (A)(B)	10,277		266,483
Aviat Networks, Inc. (A)	2,371		54,367
BK Technologies Corp. (A)	568		47,985
Calix, Inc. (A)	11,221		688,633
Clearfield, Inc. (A)(B)	2,270		78,043
CommScope Holding Company, Inc. (A)	40,766		631,058
Digi International, Inc. (A)	6,983		254,600
Extreme Networks, Inc. (A)	25,131		518,955
Harmonic, Inc. (A)	21,805		221,975
Inseego Corp. (A)	2,080		31,138
NETGEAR, Inc. (A)	5,342		173,027
NetScout Systems, Inc. (A)	13,534		349,583
Ribbon Communications, Inc. (A)	19,287		73,291
Viasat, Inc. (A)	22,280		652,804
Viavi Solutions, Inc. (A)	42,537		539,795
			4,717,212
Electronic equipment, instruments and components – 3.2%
908 Devices, Inc. (A)	5,659		49,573
Advanced Energy Industries, Inc.	7,179		1,221,435
Aeva Technologies, Inc. (A)	5,892		85,434
Arlo Technologies, Inc. (A)	19,192		325,304
Badger Meter, Inc.	5,652		1,009,334
Bel Fuse, Inc., Class B	2,204		310,808
Belden, Inc.	7,503		902,386
Benchmark Electronics, Inc.	6,841		263,721
Climb Global Solutions, Inc.	760		102,478
CTS Corp.	5,681		226,899
Daktronics, Inc. (A)	7,108		148,699
ePlus, Inc.	5,041		357,961
Evolv Technologies Holdings, Inc. (A)	22,416		169,241
Fabrinet (A)	6,891		2,512,596
Frequency Electronics, Inc. (A)	1,465		49,678
Insight Enterprises, Inc. (A)	5,513		625,229
Itron, Inc. (A)	8,638		1,075,949
Kimball Electronics, Inc. (A)	4,081		121,859
Knowles Corp. (A)	16,574		386,340
Methode Electronics, Inc.	6,803		51,363
MicroVision, Inc. (A)	49,241		61,059

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Mirion Technologies, Inc. (A)	40,946	$	952,404
Napco Security Technologies, Inc.	6,752		289,998
Neonode, Inc. (A)(B)	2,072		7,231
nLight, Inc. (A)	9,431		279,441
Novanta, Inc. (A)	6,861		687,129
OSI Systems, Inc. (A)	3,067		764,419
Ouster, Inc. (A)	9,757		263,927
PAR Technology Corp. (A)(B)	7,655		302,985
PC Connection, Inc.	2,209		136,936
Plexus Corp. (A)	5,105		738,642
Powerfleet, Inc. (A)	24,061		126,080
Red Cat Holdings, Inc. (A)(B)	16,046		166,076
Rogers Corp. (A)	3,513		282,656
Sanmina Corp. (A)	9,933		1,143,388
ScanSource, Inc. (A)	4,200		184,758
TTM Technologies, Inc. (A)	19,230		1,107,648
Vishay Intertechnology, Inc.	23,020		352,206
Vishay Precision Group, Inc. (A)	2,545		81,567
Vuzix Corp. (A)(B)	12,910		40,408
			17,965,245
IT services – 0.5%
Applied Digital Corp. (A)(B)	40,735		934,461
ASGN, Inc. (A)	8,164		386,565
Backblaze, Inc., Class A (A)	10,892		101,078
BigBear.ai Holdings, Inc. (A)(B)	55,382		361,091
Commerce.com, Inc., Series 1 (A)	13,160		65,668
DigitalOcean Holdings, Inc. (A)	12,945		442,201
Fastly, Inc., Class A (A)	26,495		226,532
Grid Dynamics Holdings, Inc. (A)	12,979		100,068
Information Services Group, Inc.	8,457		48,628
The Hackett Group, Inc.	5,206		98,966
TSS, Inc. (A)(B)	3,518		63,711
Unisys Corp. (A)	13,577		52,950
VTEX, Class A (A)	11,698		51,237
			2,933,156
Semiconductors and semiconductor equipment – 3.4%
ACM Research, Inc., Class A (A)	9,647		377,487
Aehr Test Systems (A)	5,553		167,201
Aeluma, Inc. (A)	1,923		30,960
Alpha & Omega Semiconductor, Ltd. (A)	4,822		134,823
Ambarella, Inc. (A)	7,774		641,510
Ambiq Micro, Inc. (A)	739		22,111
Atomera, Inc. (A)(B)	5,948		26,290
Axcelis Technologies, Inc. (A)	6,122		597,752
Blaize Holdings, Inc. (A)	14,279		49,263
CEVA, Inc. (A)	4,574		120,799
Cohu, Inc. (A)	8,744		177,766
Credo Technology Group Holding, Ltd. (A)	28,153		4,099,338
Diodes, Inc. (A)	8,806		468,567
FormFactor, Inc. (A)	14,829		540,072
Ichor Holdings, Ltd. (A)	6,678		116,999
Impinj, Inc. (A)	4,951		894,893
Indie Semiconductor, Inc., Class A (A)	37,673		153,329
Kopin Corp. (A)(B)	29,862		72,565
Kulicke & Soffa Industries, Inc.	9,780		397,459
MaxLinear, Inc. (A)	15,852		254,900
Navitas Semiconductor Corp. (A)	25,853		186,659
NVE Corp.	983		64,160
PDF Solutions, Inc. (A)	6,420		165,764
Penguin Solutions, Inc. (A)	9,533		250,527
Photronics, Inc. (A)	10,545		242,008
Power Integrations, Inc.	10,798		434,188
Rambus, Inc. (A)	20,546		2,140,893

 

185

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Rigetti Computing, Inc. (A)(B)	60,787	$	1,810,845
Semtech Corp. (A)	16,642		1,189,071
Silicon Laboratories, Inc. (A)	6,141		805,269
SiTime Corp. (A)	4,037		1,216,388
SkyWater Technology, Inc. (A)(B)	5,249		97,946
Synaptics, Inc. (A)	7,416		506,809
Ultra Clean Holdings, Inc. (A)	8,579		233,778
Veeco Instruments, Inc. (A)	10,630		323,471
			19,011,860
Software – 6.2%
8x8, Inc. (A)	26,669		56,538
A10 Networks, Inc.	14,127		256,405
ACI Worldwide, Inc. (A)	20,106		1,060,994
Adeia, Inc.	21,054		353,707
Agilysys, Inc. (A)	4,947		520,672
Airship AI Holdings, Inc. (A)	3,965		20,499
Alarm.com Holdings, Inc. (A)	8,998		477,614
Alkami Technology, Inc. (A)(B)	13,100		325,404
Amplitude, Inc., Class A (A)	17,087		183,173
Appian Corp., Class A (A)	7,589		231,996
Arteris, Inc. (A)(B)	5,879		59,378
Asana, Inc., Class A (A)	16,496		220,387
AvePoint, Inc. (A)	25,531		383,220
Bit Digital, Inc. (A)(B)	60,048		180,144
Bitdeer Technologies Group, Class A (A)	17,225		294,375
Blackbaud, Inc. (A)	7,354		472,936
Blackline, Inc. (A)	10,046		533,443
Blend Labs, Inc., Class A (A)	40,844		149,081
Box, Inc., Class A (A)	26,758		863,481
Braze, Inc., Class A (A)	15,353		436,639
c3.ai, Inc., Class A (A)(B)	23,132		401,109
Cerence, Inc. (A)(B)	7,221		89,974
Cipher Mining, Inc. (A)(B)	50,853		640,239
CleanSpark, Inc. (A)(B)	52,982		768,239
Clear Secure, Inc., Class A	15,982		533,479
Clearwater Analytics Holdings, Inc., Class A (A)	47,030		847,481
CommVault Systems, Inc. (A)	8,432		1,591,793
Consensus Cloud Solutions, Inc. (A)	3,793		111,400
Core Scientific, Inc. (A)	53,981		968,419
CoreCard Corp. (A)	1,212		32,627
Daily Journal Corp. (A)	241		112,099
Digimarc Corp. (A)(B)	3,471		33,912
Digital Turbine, Inc. (A)	19,643		125,715
Domo, Inc., Class B (A)	6,828		108,156
D-Wave Quantum, Inc. (A)(B)	58,788		1,452,651
EverCommerce, Inc. (A)(B)	3,546		39,467
Five9, Inc. (A)	14,573		352,667
Freshworks, Inc., Class A (A)	38,967		458,642
Hut 8 Corp. (A)(B)	18,035		627,798
i3 Verticals, Inc., Class A (A)(B)	4,633		150,387
Intapp, Inc. (A)	10,594		433,295
InterDigital, Inc. (B)	4,934		1,703,365
Jamf Holding Corp. (A)	13,537		144,846
Kaltura, Inc. (A)	17,230		24,811
Life360, Inc. (A)(B)	3,104		329,955
LiveRamp Holdings, Inc. (A)	12,386		336,156
MARA Holdings, Inc. (A)(B)	70,722		1,291,384
Mercurity Fintech Holding, Inc. (A)	6,077		149,373
MeridianLink, Inc. (A)	6,491		129,366
Mitek Systems, Inc. (A)	8,594		83,963
N-able, Inc. (A)	14,496		113,069
NCR Voyix Corp. (A)(B)	26,503		332,613
NextNav, Inc. (A)(B)	16,998		243,071
ON24, Inc. (A)	6,032		34,503

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
OneSpan, Inc.	6,905	$	109,720
Ooma, Inc. (A)	5,510		66,065
Pagaya Technologies, Ltd., Class A (A)(B)	8,650		256,819
PagerDuty, Inc. (A)	16,238		268,252
Porch Group, Inc. (A)	15,500		260,090
Progress Software Corp. (A)	8,132		357,239
PROS Holdings, Inc. (A)	8,537		195,583
Q2 Holdings, Inc. (A)	11,838		856,953
Qualys, Inc. (A)	6,946		919,164
Rapid7, Inc. (A)	12,254		229,763
Red Violet, Inc.	2,260		118,085
ReposiTrak, Inc. (B)	2,267		33,597
Rezolve AI PLC (A)(B)	27,902		138,952
Rimini Street, Inc. (A)	9,837		46,037
Riot Platforms, Inc. (A)	66,212		1,260,014
Sapiens International Corp. NV	6,240		268,320
SEMrush Holdings, Inc., Class A (A)	9,082		64,301
SoundHound AI, Inc., Class A (A)(B)	69,941		1,124,651
SoundThinking, Inc. (A)	2,170		26,170
Sprinklr, Inc., Class A (A)	21,398		165,193
Sprout Social, Inc., Class A (A)	9,999		129,187
SPS Commerce, Inc. (A)	7,260		756,056
Telos Corp. (A)	9,536		65,226
Tenable Holdings, Inc. (A)	22,854		666,423
TeraWulf, Inc. (A)(B)	53,811		614,522
Varonis Systems, Inc. (A)	21,004		1,207,100
Verint Systems, Inc. (A)	11,868		240,327
Vertex, Inc., Class A (A)	12,454		308,735
Viant Technology, Inc., Class A (A)	3,240		27,961
Weave Communications, Inc. (A)	11,391		76,092
Workiva, Inc. (A)	9,599		826,282
Xperi, Inc. (A)	8,953		58,015
Yext, Inc. (A)	20,285		172,828
Zeta Global Holdings Corp., Class A (A)	35,295		701,312
			34,491,144
Technology hardware, storage and peripherals – 0.8%
CompoSecure, Inc., Class A (A)	8,506		177,095
Corsair Gaming, Inc. (A)	9,163		81,734
Diebold Nixdorf, Inc. (A)	4,891		278,934
Eastman Kodak Company (A)(B)	12,657		81,131
Immersion Corp.	5,663		41,566
IonQ, Inc. (A)(B)	52,606		3,235,269
Quantum Computing, Inc. (A)(B)	25,510		469,639
Turtle Beach Corp. (A)	2,881		45,808
Xerox Holdings Corp. (B)	22,659		85,198
			4,496,374
			83,614,991
Materials – 4.1%
Chemicals – 1.6%
AdvanSix, Inc.	5,234		101,435
Arq, Inc. (A)(B)	6,670		47,757
ASP Isotopes, Inc. (A)(B)	14,270		137,277
Aspen Aerogels, Inc. (A)	13,050		90,828
Avient Corp.	17,600		579,920
Balchem Corp.	6,264		939,976
Cabot Corp.	10,313		784,304
Ecovyst, Inc. (A)	21,113		184,950
Flotek Industries, Inc. (A)(B)	2,880		42,048
Hawkins, Inc.	3,735		682,459
HB Fuller Company	10,377		615,149
Ingevity Corp. (A)	7,024		387,655
Innospec, Inc.	4,794		369,905
Intrepid Potash, Inc. (A)	2,268		69,355

 

186

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Koppers Holdings, Inc.	3,792	$	106,176
Kronos Worldwide, Inc.	5,235		30,049
LSB Industries, Inc. (A)	10,868		85,640
Mativ Holdings, Inc.	10,937		123,697
Minerals Technologies, Inc.	6,118		380,050
Orion SA	10,931		82,857
Perimeter Solutions, Inc. (A)	26,728		598,440
PureCycle Technologies, Inc. (A)(B)	24,913		327,606
Quaker Chemical Corp. (B)	2,666		351,246
Rayonier Advanced Materials, Inc. (A)	12,684		91,578
Sensient Technologies Corp.	8,075		757,839
Stepan Company	4,157		198,289
The Chemours Company	29,060		460,310
Tronox Holdings PLC	23,332		93,795
			8,720,590
Construction materials – 0.2%
Knife River Corp. (A)	10,905		838,267
Titan America SA (A)	5,388		80,497
United States Lime & Minerals, Inc.	2,130		280,202
			1,198,966
Containers and packaging – 0.2%
Ardagh Metal Packaging SA	27,361		109,170
Greif, Inc., Class A	4,660		278,482
Greif, Inc., Class B	1,008		62,103
Myers Industries, Inc.	7,209		122,120
O-I Glass, Inc. (A)	29,241		379,256
Ranpak Holdings Corp. (A)(B)	10,046		56,459
TriMas Corp.	6,393		247,026
			1,254,616
Metals and mining – 2.0%
1911 Gold Corp. (A)	5,045		3,329
Alpha Metallurgical Resources, Inc. (A)	2,248		368,874
American Battery Technology Company (A)	16,419		79,796
Caledonia Mining Corp. PLC	2,741		99,252
Century Aluminum Company (A)	10,060		295,362
Coeur Mining, Inc. (A)	122,368		2,295,624
Commercial Metals Company	21,459		1,229,172
Compass Minerals International, Inc. (A)	6,708		128,794
Constellium SE (A)	27,292		406,105
Contango ORE, Inc. (A)	1,826		45,522
Critical Metals Corp. (A)	5,962		37,084
Dakota Gold Corp. (A)	18,102		82,364
Ferroglobe PLC	23,759		108,103
Hecla Mining Company	115,223		1,394,198
Idaho Strategic Resources, Inc. (A)(B)	2,715		91,740
Ivanhoe Electric, Inc. (A)	17,082		214,379
Kaiser Aluminum Corp.	3,064		236,418
MAC Copper, Ltd. (A)	11,445		139,743
Materion Corp.	4,000		483,240
Metallus, Inc. (A)	7,227		119,462
NioCorp Developments, Ltd. (A)	13,984		93,413
Novagold Resources, Inc. (A)	57,167		503,070
Olympic Steel, Inc.	1,940		59,073
Pan American Silver Corp. (A)	88,114		30,831
Perpetua Resources Corp. (A)	14,129		285,830
Ramaco Resources, Inc., Class A (A)	5,412		179,624
Ryerson Holding Corp.	5,309		121,364
SSR Mining, Inc. (A)	38,374		937,093
SunCoke Energy, Inc.	16,307		133,065
Tredegar Corp. (A)	5,494		44,117
United States Antimony Corp. (A)(B)	18,173		112,673
US Gold Corp. (A)	2,610		43,013
Vox Royalty Corp.	11,014		47,360

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Warrior Met Coal, Inc.	9,986	$	635,509
Worthington Steel, Inc.	6,441		195,742
			11,280,338
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	3,087		64,086
Magnera Corp. (A)	6,509		76,285
Resolute Forest Products, Inc. (A)(C)	9,238		13,118
Sylvamo Corp.	6,533		288,889
			442,378
			22,896,888
Real estate – 5.6%
Diversified REITs – 0.5%
Alexander & Baldwin, Inc.	14,776		268,775
Alpine Income Property Trust, Inc.	3,169		44,905
American Assets Trust, Inc.	10,097		205,171
Armada Hoffler Properties, Inc.	14,617		102,465
Broadstone Net Lease, Inc.	35,782		639,424
CTO Realty Growth, Inc.	5,941		96,838
Essential Properties Realty Trust, Inc.	37,463		1,114,899
Gladstone Commercial Corp.	8,691		107,073
Global Net Lease, Inc.	37,640		306,013
Modiv Industrial, Inc.	2,136		31,271
NexPoint Diversified Real Estate Trust	7,818		28,848
One Liberty Properties, Inc.	4,321		95,581
			3,041,263
Health care REITs – 0.9%
American Healthcare REIT, Inc.	30,311		1,273,365
CareTrust REIT, Inc.	40,440		1,402,459
Community Healthcare Trust, Inc.	5,223		79,912
Diversified Healthcare Trust	43,472		191,712
Global Medical REIT, Inc.	2,704		91,152
LTC Properties, Inc.	8,436		310,951
National Health Investors, Inc.	8,788		698,646
Sabra Health Care REIT, Inc.	44,937		837,626
Sila Realty Trust, Inc.	10,595		265,935
Universal Health Realty Income Trust	2,613		102,351
			5,254,109
Hotel and resort REITs – 0.6%
Apple Hospitality REIT, Inc.	40,986		492,242
Braemar Hotels & Resorts, Inc.	12,238		33,410
Chatham Lodging Trust	8,473		56,854
DiamondRock Hospitality Company	38,371		305,433
Pebblebrook Hotel Trust	21,912		249,578
RLJ Lodging Trust	26,904		193,709
Ryman Hospitality Properties, Inc.	11,754		1,053,041
Service Properties Trust	30,647		83,053
Summit Hotel Properties, Inc.	20,457		112,309
Sunstone Hotel Investors, Inc.	37,027		346,943
Xenia Hotels & Resorts, Inc.	19,363		265,660
			3,192,232
Industrial REITs – 0.4%
Industrial Logistics Properties Trust	10,904		63,570
Innovative Industrial Properties, Inc.	5,288		283,331
LXP Industrial Trust	56,639		507,485
Plymouth Industrial REIT, Inc.	8,072		180,248
Terreno Realty Corp.	19,332		1,097,091
			2,131,725
Office REITs – 0.7%
Brandywine Realty Trust	33,653		140,333
City Office REIT, Inc.	9,220		64,171
COPT Defense Properties	21,495		624,645
Douglas Emmett, Inc.	30,375		472,939

 

187

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Office REITs (continued)
Easterly Government Properties, Inc.	7,216	$	165,463
Empire State Realty Trust, Inc., Class A	26,809		205,357
Franklin Street Properties Corp.	18,269		29,230
Hudson Pacific Properties, Inc. (A)	70,042		193,316
JBG SMITH Properties	11,326		252,004
NET Lease Office Properties	2,844		84,353
Paramount Group, Inc. (A)	36,311		237,474
Peakstone Realty Trust	7,239		94,976
Piedmont Realty Trust, Inc.	23,511		211,599
Postal Realty Trust, Inc., Class A	4,486		70,385
SL Green Realty Corp.	13,633		815,390
			3,661,635
Real estate management and development – 0.6%
Anywhere Real Estate, Inc. (A)	20,573		217,868
Compass, Inc., Class A (A)	89,325		717,280
Cushman & Wakefield PLC (A)	44,013		700,687
Douglas Elliman, Inc. (A)	14,806		42,345
eXp World Holdings, Inc. (B)	16,705		178,075
Forestar Group, Inc. (A)	3,917		104,153
FRP Holdings, Inc. (A)	2,569		62,581
Kennedy-Wilson Holdings, Inc.	24,275		201,968
Marcus & Millichap, Inc.	5,002		146,809
Maui Land & Pineapple Company, Inc. (A)	1,578		29,414
Newmark Group, Inc., Class A	28,586		533,129
RE/MAX Holdings, Inc., Class A (A)	4,007		37,786
Seaport Entertainment Group, Inc. (A)(B)	1,668		38,231
Tejon Ranch Company (A)(B)	4,721		75,442
The Real Brokerage, Inc. (A)	20,796		86,927
The RMR Group, Inc., Class A	3,231		50,824
The St. Joe Company	7,272		359,819
			3,583,338
Residential REITs – 0.4%
Apartment Investment and Management Company, Class A	26,483		210,010
BRT Apartments Corp.	2,552		39,964
Centerspace	3,222		189,776
Elme Communities	16,795		283,164
Independence Realty Trust, Inc.	44,010		721,324
NexPoint Residential Trust, Inc.	4,525		145,796
UMH Properties, Inc.	15,366		228,185
Veris Residential, Inc.	15,147		230,234
			2,048,453
Retail REITs – 1.1%
Acadia Realty Trust	25,352		510,843
Alexander's, Inc.	461		108,100
CBL & Associates Properties, Inc.	3,442		105,256
Curbline Properties Corp.	18,840		420,132
FrontView REIT, Inc.	3,617		49,589
Getty Realty Corp.	10,051		269,668
InvenTrust Properties Corp.	14,982		428,785
Kite Realty Group Trust	41,574		927,100
NETSTREIT Corp.	17,456		315,255
Phillips Edison & Company, Inc.	23,956		822,409
Saul Centers, Inc.	2,713		86,463
SITE Centers Corp.	9,814		88,424
Tanger, Inc.	21,076		713,212
The Macerich Company	48,304		879,133
Urban Edge Properties	24,541		502,354
Whitestone REIT	8,548		104,969
			6,331,692
Specialized REITs – 0.4%
Farmland Partners, Inc.	8,010		87,149
Four Corners Property Trust, Inc.	19,267		470,115

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialized REITs (continued)
Gladstone Land Corp.	7,272	$	66,612
Outfront Media, Inc.	26,095		478,060
PotlatchDeltic Corp.	14,818		603,834
Safehold, Inc.	10,760		166,672
Smartstop Self Storage REIT, Inc.	5,173		194,712
			2,067,154
			31,311,601
Utilities – 3.1%
Electric utilities – 1.2%
ALLETE, Inc.	10,886		722,830
Genie Energy, Ltd., B Shares	4,234		63,298
Hawaiian Electric Industries, Inc. (A)(B)	33,392		368,648
MGE Energy, Inc.	7,125		599,783
Oklo, Inc. (A)	20,685		2,309,067
Otter Tail Corp.	7,374		604,447
Portland General Electric Company	20,650		908,600
TXNM Energy, Inc.	18,276		1,033,508
			6,610,181
Gas utilities – 1.0%
Brookfield Infrastructure Corp., Class A (B)	23,069		948,597
Chesapeake Utilities Corp.	4,421		595,464
New Jersey Resources Corp.	19,026		916,102
Northwest Natural Holding Company	7,725		347,084
ONE Gas, Inc.	11,295		914,217
RGC Resources, Inc.	1,772		39,764
Southwest Gas Holdings, Inc.	12,297		963,347
Spire, Inc.	10,849		884,410
			5,608,985
Independent power and renewable electricity producers – 0.2%
Hallador Energy Company (A)(B)	6,051		118,418
Montauk Renewables, Inc. (A)	12,923		25,975
Ormat Technologies, Inc.	11,591		1,115,634
			1,260,027
Multi-utilities – 0.4%
Avista Corp.	15,040		568,662
Black Hills Corp.	13,452		828,509
Northwestern Energy Group, Inc.	11,609		680,403
Unitil Corp.	3,317		158,752
			2,236,326
Water utilities – 0.3%
American States Water Company	7,344		538,462
Cadiz, Inc. (A)(B)	12,356		58,320
California Water Service Group	11,517		528,515
Consolidated Water Company, Ltd.	3,057		107,851
Global Water Resources, Inc.	3,608		37,162
H2O America	6,030		293,661
Middlesex Water Company	3,558		192,559
Pure Cycle Corp. (A)	4,446		49,217
The York Water Company	3,159		96,097
			1,901,844
			17,617,363
TOTAL COMMON STOCKS (Cost $401,681,925)		$	539,708,403
RIGHTS – 0.0%
Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(D)	1,637		11,410
TOTAL RIGHTS (Cost $6,384)		$	11,410

 

188

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)

	Shares or Principal Amount	Value
WARRANTS – 0.0%
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)(B)	668	$	434
TOTAL WARRANTS (Cost $0)		$	434
SHORT-TERM INVESTMENTS – 6.6%
Short-term funds – 6.6%
John Hancock Collateral Trust, 4.0668% (E)(F)	3,716,087		37,173,508
TOTAL SHORT-TERM INVESTMENTS (Cost $37,172,538)		$	37,173,508
Total Investments (Small Cap Index Trust) (Cost $438,860,847) – 102.7%		$	576,893,755
Other assets and liabilities, net – (2.7%)			(15,153,934)
TOTAL NET ASSETS – 100.0%		$	561,739,821

Small Cap Index Trust (continued)

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $61,628,489. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $45,298,935 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)	Strike price and/or expiration date not available.
(E)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 $18,000,029.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	178	Long	Dec 2025	$21,730,036	$21,853,950	$123,914
						$123,914

^ 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 – 99.9%
Communication services – 3.2%
Diversified telecommunication services – 0.7%
ATN International, Inc.	1,281	$	19,177
Bandwidth, Inc., Class A (A)	2,329		38,824
Frontier Communications Parent, Inc. (A)	11,194		418,096
GCI Liberty, Inc. (A)(B)	4,508		0
GCI Liberty, Inc. (A)	453		17,012
GCI Liberty, Inc., Class C (A)	2,109		78,602
Liberty Global, Ltd., Class A (A)	15,913		182,363
Liberty Global, Ltd., Class C (A)	11,560		135,830
Liberty Latin America, Ltd., Class A (A)(C)	4,204		34,851
Liberty Latin America, Ltd., Class C (A)	13,964		117,856
Shenandoah Telecommunications Company	6,437		86,385
Sunrise Communications AG, Class A, ADR (A)	1,951		114,680
			1,243,676
Entertainment – 0.1%
Liberty Media Corp.-Liberty Live, Series A (A)	94		8,864
Liberty Media Corp.-Liberty Live, Series C (A)	89		8,630
Lionsgate Studios Corp. (A)	3,261		22,501
Sphere Entertainment Company (A)	2,166		134,552
Starz Entertainment Corp. (A)	217		3,196
The Marcus Corp.	4,627		71,765
Vivid Seats, Inc., Class A (A)	203		3,374
			252,882
Interactive media and services – 0.5%
Angi, Inc. (A)	4,966		80,747

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Bumble, Inc., Class A (A)	13,782	$	83,932
Cars.com, Inc. (A)	5,933		72,501
DHI Group, Inc. (A)	5,212		14,489
TripAdvisor, Inc. (A)	4,579		74,455
TrueCar, Inc. (A)	8,052		14,816
Vimeo, Inc. (A)	6,100		47,275
Yelp, Inc. (A)	2,397		74,786
Ziff Davis, Inc. (A)	3,608		137,465
ZoomInfo Technologies, Inc. (A)	17,541		191,372
			791,838
Media – 1.5%
Advantage Solutions, Inc. (A)	9,240		14,137
AMC Networks, Inc., Class A (A)	2,542		20,946
Boston Omaha Corp., Class A (A)(C)	2,031		26,565
Cable One, Inc.	528		93,482
DoubleVerify Holdings, Inc. (A)	6,704		80,314
EchoStar Corp., Class A (A)	3,901		297,880
Entravision Communications Corp., Class A	5,075		11,825
Gannett Company, Inc. (A)	12,744		52,633
Gray Media, Inc.	6,546		37,836
Integral Ad Science Holding Corp. (A)	12,847		130,654
John Wiley & Sons, Inc., Class A	3,198		129,423
Liberty Broadband Corp., Series A (A)	672		42,558
Liberty Broadband Corp., Series C (A)	5,129		325,897
Magnite, Inc. (A)	1,010		21,998
National CineMedia, Inc.	5,768		26,014
Nexstar Media Group, Inc.	2,524		499,096
Omnicom Group, Inc. (C)	500		40,765
Paramount Skydance Corp., Class B	3,570		67,544

 

189

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
PubMatic, Inc., Class A (A)	1,567	$	12,975
Scholastic Corp.	3,690		101,032
Sinclair, Inc.	3,075		46,433
TEGNA, Inc.	14,274		290,190
The EW Scripps Company, Class A (A)	5,843		14,374
The Interpublic Group of Companies, Inc.	10,260		286,357
Urban One, Inc., Class D (A)	3,100		2,297
WideOpenWest, Inc. (A)	1,042		5,377
			2,678,602
Wireless telecommunication services – 0.4%
Array Digital Infrastructure, Inc.	4,082		204,141
Spok Holdings, Inc.	2,056		35,466
Telephone & Data Systems, Inc.	9,503		372,898
			612,505
			5,579,503
Consumer discretionary – 14.8%
Automobile components – 2.5%
Adient PLC (A)	8,723		210,050
American Axle & Manufacturing Holdings, Inc. (A)	12,966		77,926
Aptiv PLC (A)	1,508		130,020
Autoliv, Inc.	1,323		163,391
BorgWarner, Inc.	22,841		1,004,090
Cooper-Standard Holdings, Inc. (A)	1,311		48,415
Dana, Inc.	13,642		273,386
Dorman Products, Inc. (A)	1,962		305,837
Fox Factory Holding Corp. (A)	3,760		91,330
Gentherm, Inc. (A)	1,109		37,773
Holley, Inc. (A)	3,597		11,295
LCI Industries	2,008		187,045
Lear Corp.	4,812		484,135
Mobileye Global, Inc., Class A (A)	10,219		144,292
Motorcar Parts of America, Inc. (A)	1,585		26,216
Patrick Industries, Inc.	3,519		363,970
PHINIA, Inc.	4,248		244,175
Standard Motor Products, Inc.	2,401		98,009
Stoneridge, Inc. (A)	1,672		12,741
Strattec Security Corp. (A)(C)	795		54,108
The Goodyear Tire & Rubber Company (A)	28,079		210,031
Visteon Corp.	1,571		188,300
			4,366,535
Automobiles – 0.5%
Harley-Davidson, Inc.	11,870		331,173
Thor Industries, Inc.	4,767		494,290
Winnebago Industries, Inc.	3,280		109,683
			935,146
Broadline retail – 0.5%
Dillard's, Inc., Class A (C)	350		215,068
Kohl's Corp. (C)	13,005		199,887
Macy's, Inc.	28,501		511,023
			925,978
Distributors – 0.3%
A-Mark Precious Metals, Inc.	3,502		90,597
LKQ Corp.	11,897		363,334
Weyco Group, Inc.	1,316		39,598
			493,529
Diversified consumer services – 1.1%
ADT, Inc.	47,674		415,241
Adtalem Global Education, Inc. (A)	1,745		269,515
American Public Education, Inc. (A)	2,320		91,570

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Carriage Services, Inc.	798	$	35,543
Chegg, Inc. (A)	7,137		10,777
Graham Holdings Company, Class B	268		315,519
Laureate Education, Inc. (A)	4,562		143,885
Lincoln Educational Services Corp. (A)	1,100		25,850
Matthews International Corp., Class A	3,440		83,523
Mister Car Wash, Inc. (A)	9,339		49,777
Perdoceo Education Corp.	6,614		249,083
Strategic Education, Inc.	2,056		176,837
			1,867,120
Hotels, restaurants and leisure – 1.1%
Aramark	6,296		241,766
Ark Restaurants Corp. (A)	64		454
Biglari Holdings, Inc., Class A (A)	17		26,265
Biglari Holdings, Inc., Class B (A)	145		46,929
BJ's Restaurants, Inc. (A)	2,850		87,011
Caesars Entertainment, Inc. (A)	9,191		248,387
Cracker Barrel Old Country Store, Inc. (C)	1,259		55,472
El Pollo Loco Holdings, Inc. (A)	2,613		25,346
First Watch Restaurant Group, Inc. (A)	5,499		86,004
Global Business Travel Group I (A)(C)	3,299		26,656
Golden Entertainment, Inc.	1,315		31,008
Hilton Grand Vacations, Inc. (A)	5,843		244,296
Krispy Kreme, Inc. (C)	15,398		59,590
Life Time Group Holdings, Inc. (A)	4,534		125,138
Marriott Vacations Worldwide Corp.	3,104		206,602
MGM Resorts International (A)	1,723		59,719
Monarch Casino & Resort, Inc.	315		33,340
Penn Entertainment, Inc. (A)	5,487		105,680
Portillo's, Inc., Class A (A)	5,244		33,824
Pursuit Attractions and Hospitality, Inc. (A)	922		33,358
RCI Hospitality Holdings, Inc.	396		12,082
Target Hospitality Corp. (A)	5,846		49,574
			1,838,501
Household durables – 3.3%
Bassett Furniture Industries, Inc.	1,234		19,300
Beazer Homes USA, Inc. (A)	3,203		78,634
Cavco Industries, Inc. (A)	127		73,753
Century Communities, Inc.	3,460		219,260
Champion Homes, Inc. (A)	3,390		258,894
Cricut, Inc., Class A	2,477		15,580
Dream Finders Homes, Inc., Class A (A)(C)	1,861		48,237
Ethan Allen Interiors, Inc.	3,592		105,820
Flexsteel Industries, Inc.	817		37,868
GoPro, Inc., Class A (A)(C)	10,155		21,529
Green Brick Partners, Inc. (A)	2,414		178,298
Helen of Troy, Ltd. (A)	1,240		31,248
Hooker Furnishings Corp.	1,821		18,483
Hovnanian Enterprises, Inc., Class A (A)	292		37,519
KB Home	4,725		300,699
La-Z-Boy, Inc.	4,577		157,083
Legacy Housing Corp. (A)	1,610		44,291
LGI Homes, Inc. (A)	2,578		133,308
Lifetime Brands, Inc.	2,931		11,343
M/I Homes, Inc. (A)	1,752		253,059
Meritage Homes Corp.	4,502		326,080
Mohawk Industries, Inc. (A)	5,688		733,297
Newell Brands, Inc.	42,806		224,303
Taylor Morrison Home Corp. (A)	10,987		725,252
The Lovesac Company (A)(C)	1,272		21,535
Toll Brothers, Inc.	8,328		1,150,430
Traeger, Inc. (A)	3,184		3,884

 

190

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Tri Pointe Homes, Inc. (A)	10,181	$	345,849
Universal Electronics, Inc. (A)	745		3,472
Whirlpool Corp. (C)	2,459		193,277
			5,771,585
Leisure products – 0.7%
American Outdoor Brands, Inc. (A)	1,873		16,258
Brunswick Corp.	4,333		274,019
Escalade, Inc.	2,119		26,636
Funko, Inc., Class A (A)	2,763		9,505
JAKKS Pacific, Inc.	482		9,028
Johnson Outdoors, Inc., Class A	934		37,724
Latham Group, Inc. (A)	3,937		29,961
Malibu Boats, Inc., Class A (A)	1,546		50,168
MasterCraft Boat Holdings, Inc. (A)	617		13,241
Mattel, Inc. (A)	20,739		349,037
Outdoor Holding Company (A)	4,648		6,879
Polaris, Inc.	3,274		190,318
Smith & Wesson Brands, Inc.	5,955		58,538
Solo Brands, Inc., Class A (A)	58		877
Sturm Ruger & Company, Inc.	555		24,126
Topgolf Callaway Brands Corp. (A)	16,634		158,023
			1,254,338
Specialty retail – 3.9%
1-800-Flowers.com, Inc., Class A (A)(C)	3,196		14,702
Abercrombie & Fitch Company, Class A (A)	1,293		110,616
Academy Sports & Outdoors, Inc.	7,767		388,505
Advance Auto Parts, Inc. (C)	2,697		165,596
American Eagle Outfitters, Inc.	21,469		367,335
America's Car-Mart, Inc. (A)	565		16,504
Arko Corp.	7,149		32,671
Asbury Automotive Group, Inc. (A)	1,739		425,099
AutoNation, Inc. (A)	2,715		593,961
Caleres, Inc.	3,065		39,968
CarMax, Inc. (A)	8,067		361,966
Citi Trends, Inc. (A)	367		11,388
Designer Brands, Inc., Class A	2,923		10,347
Destination XL Group, Inc. (A)	2,471		3,237
Dick's Sporting Goods, Inc.	627		139,332
Duluth Holdings, Inc., Class B (A)	1,106		4,324
Genesco, Inc. (A)	1,311		38,006
Group 1 Automotive, Inc.	776		339,508
GrowGeneration Corp. (A)	2,529		4,729
Guess?, Inc. (C)	7,810		130,505
Haverty Furniture Companies, Inc.	1,613		35,373
Lands' End, Inc. (A)(C)	2,354		33,191
Lithia Motors, Inc.	2,347		741,652
MarineMax, Inc. (A)	3,082		78,067
Monro, Inc.	3,278		58,906
National Vision Holdings, Inc. (A)	9,562		279,115
OneWater Marine, Inc., Class A (A)(C)	531		8,411
Penske Automotive Group, Inc.	1,758		305,734
Petco Health & Wellness Company, Inc. (A)	16,756		64,846
PetMed Express, Inc. (A)	654		1,642
Sally Beauty Holdings, Inc. (A)	8,532		138,901
Shoe Carnival, Inc. (C)	3,686		76,632
Signet Jewelers, Ltd.	4,587		439,985
Sonic Automotive, Inc., Class A	2,092		159,180
Sportsman's Warehouse Holdings, Inc. (A)	3,273		9,066
The Cato Corp., Class A (A)	1,957		8,239
The Gap, Inc.	28,928		618,770
The ODP Corp. (A)	4,617		128,583
Upbound Group, Inc.	4,529		107,020

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Urban Outfitters, Inc. (A)	3,806	$	271,863
Victoria's Secret & Company (A)	4,144		112,468
Zumiez, Inc. (A)	1,822		35,729
			6,911,672
Textiles, apparel and luxury goods – 0.9%
Capri Holdings, Ltd. (A)	1,569		31,254
Carter's, Inc.	3,145		88,752
Columbia Sportswear Company	3,185		166,576
Crocs, Inc. (A)	2,308		192,833
Culp, Inc. (A)	334		1,490
Figs, Inc., Class A (A)	3,836		25,663
Fossil Group, Inc. (A)	3,231		8,304
G-III Apparel Group, Ltd. (A)	5,446		144,918
Lakeland Industries, Inc. (C)	1,110		16,428
Movado Group, Inc.	1,758		33,349
Oxford Industries, Inc.	1,341		54,364
Peace Mark Holdings, Ltd. (A)(B)	464,000		0
PVH Corp.	5,823		487,793
Rocky Brands, Inc.	802		23,892
Steven Madden, Ltd.	3,578		119,791
Superior Group of Companies, Inc. (C)	663		7,107
Under Armour, Inc., Class A (A)(C)	22,489		112,220
Under Armour, Inc., Class C (A)(C)	17,114		82,661
Unifi, Inc. (A)	2,453		11,676
Vera Bradley, Inc. (A)	2,034		4,088
			1,613,159
			25,977,563
Consumer staples – 5.4%
Beverages – 0.6%
MGP Ingredients, Inc.	571		13,812
Molson Coors Beverage Company, Class B	19,880		899,557
The Boston Beer Company, Inc., Class A (A)	492		104,019
			1,017,388
Consumer staples distribution and retail – 0.8%
Albertsons Companies, Inc., Class A	9,477		165,942
Grocery Outlet Holding Corp. (A)	10,381		166,615
Ingles Markets, Inc., Class A	2,119		147,398
PriceSmart, Inc.	2,713		328,788
The Andersons, Inc.	3,985		158,643
United Natural Foods, Inc. (A)	6,474		243,552
Village Super Market, Inc., Class A	685		25,592
Weis Markets, Inc.	2,494		179,244
			1,415,774
Food products – 3.4%
Alico, Inc.	650		22,529
B&G Foods, Inc. (C)	5,104		22,611
Bunge Global SA	6,795		552,094
Calavo Growers, Inc.	1,494		38,456
Cal-Maine Foods, Inc.	3,931		369,907
Conagra Brands, Inc.	35,678		653,264
Darling Ingredients, Inc. (A)	14,442		445,825
Dole PLC	8,043		108,098
Farmer Brothers Company (A)	1,069		1,828
Flowers Foods, Inc. (C)	10,081		131,557
Fresh Del Monte Produce, Inc.	5,560		193,043
Hormel Foods Corp.	8,373		207,148
Ingredion, Inc.	5,054		617,144
J&J Snack Foods Corp.	740		71,107
John B Sanfilippo & Son, Inc.	673		43,260
Limoneira Company	726		10,781
Mission Produce, Inc. (A)	6,987		83,984

 

191

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
Pilgrim's Pride Corp. (C)	5,225	$	212,762
Post Holdings, Inc. (A)	3,185		342,324
Seaboard Corp.	82		299,054
Seneca Foods Corp., Class A (A)	675		72,860
The Campbell's Company	12,395		391,434
The Hain Celestial Group, Inc. (A)	4,728		7,470
The J.M. Smucker Company	5,720		621,192
The Simply Good Foods Company (A)	9,938		246,661
Tootsie Roll Industries, Inc.	761		31,901
TreeHouse Foods, Inc. (A)	5,848		118,188
Utz Brands, Inc.	4,321		52,500
			5,968,982
Household products – 0.4%
Central Garden & Pet Company (A)	1,833		59,847
Central Garden & Pet Company, Class A (A)	4,521		133,505
Oil-Dri Corp. of America	1,062		64,824
Reynolds Consumer Products, Inc.	17,282		422,891
Spectrum Brands Holdings, Inc.	2,271		119,296
			800,363
Personal care products – 0.1%
Coty, Inc., Class A (A)	1,388		5,608
Edgewell Personal Care Company	6,385		129,999
Natural Alternatives International, Inc. (A)	200		580
Nature's Sunshine Products, Inc. (A)	1,118		17,351
Nu Skin Enterprises, Inc., Class A	2,988		36,424
The Honest Company, Inc. (A)	3,767		13,863
USANA Health Sciences, Inc. (A)	1,639		45,154
			248,979
Tobacco – 0.1%
Universal Corp.	2,089		116,712
			9,568,198
Energy – 9.3%
Energy equipment and services – 2.3%
Archrock, Inc.	9,337		245,656
Atlas Energy Solutions, Inc. (C)	4,723		53,701
Borr Drilling, Ltd. (A)	7,383		19,860
Bristow Group, Inc. (A)	2,707		97,669
Cactus, Inc., Class A	2,265		89,400
Core Laboratories, Inc.	3,240		40,046
DMC Global, Inc. (A)	1,495		12,633
Expro Group Holdings NV (A)	7,270		86,368
Forum Energy Technologies, Inc. (A)	377		10,070
Geospace Technologies Corp. (A)	516		9,783
Gulf Island Fabrication, Inc. (A)	3,019		21,193
Helix Energy Solutions Group, Inc. (A)	15,979		104,822
Helmerich & Payne, Inc.	10,203		225,384
Innovex International, Inc. (A)	4,094		75,903
Kodiak Gas Services, Inc.	4,848		179,231
Liberty Energy, Inc.	17,241		212,754
Nabors Industries, Ltd. (A)	530		21,661
National Energy Services Reunited Corp. (A)	3,276		33,612
Natural Gas Services Group, Inc.	2,299		64,349
Noble Corp. PLC	12,060		341,057
NOV, Inc. (C)	29,216		387,112
Oceaneering International, Inc. (A)	5,206		129,005
Oil States International, Inc. (A)	4,041		24,488
Patterson-UTI Energy, Inc.	44,990		233,048
ProPetro Holding Corp. (A)	12,321		64,562
Ranger Energy Services, Inc., Class A	1,141		16,020
RPC, Inc. (C)	18,302		87,118

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy equipment and services (continued)
SEACOR Marine Holdings, Inc. (A)	2,432	$	15,784
Seadrill, Ltd. (A)	5,319		160,687
Select Water Solutions, Inc.	9,501		101,566
TETRA Technologies, Inc. (A)	8,102		46,587
Tidewater, Inc. (A)	2,637		140,631
Transocean, Ltd. (A)(C)	59,579		185,886
Valaris, Ltd. (A)(C)	6,022		293,693
Weatherford International PLC	3,450		236,084
			4,067,423
Oil, gas and consumable fuels – 7.0%
Amplify Energy Corp. (A)	1,500		7,875
Antero Resources Corp. (A)	14,136		474,404
APA Corp.	34,160		829,405
Ardmore Shipping Corp.	3,297		39,135
Berry Corp.	5,062		19,134
California Resources Corp.	7,754		412,358
Chord Energy Corp.	2,859		284,099
Civitas Resources, Inc.	8,282		269,165
Clean Energy Fuels Corp. (A)	20,254		52,255
CNX Resources Corp. (A)	16,223		521,083
Comstock Resources, Inc. (A)(C)	12,510		248,073
Core Natural Resources, Inc.	2,002		167,127
Crescent Energy Company, Class A	23,094		205,998
CVR Energy, Inc. (A)	1,274		46,476
Delek US Holdings, Inc.	3,927		126,724
DHT Holdings, Inc.	14,515		173,454
Dorian LPG, Ltd.	5,467		162,917
DT Midstream, Inc.	3,564		402,946
Evolution Petroleum Corp.	1,700		8,194
FutureFuel Corp.	4,276		16,591
Granite Ridge Resources, Inc.	9,757		52,785
Green Plains, Inc. (A)	3,377		29,684
Gulfport Energy Corp. (A)	922		166,864
HF Sinclair Corp.	17,773		930,239
International Seaways, Inc.	5,151		237,358
Kosmos Energy, Ltd. (A)	16,832		27,941
Magnolia Oil & Gas Corp., Class A	16,854		402,305
Matador Resources Company	11,287		507,125
Murphy Oil Corp.	16,753		475,953
NACCO Industries, Inc., Class A	700		29,512
Nordic American Tankers, Ltd.	20,225		63,507
Northern Oil and Gas, Inc.	9,425		233,740
Ovintiv, Inc.	22,193		896,153
Par Pacific Holdings, Inc. (A)	657		23,271
PBF Energy, Inc., Class A	7,247		218,642
Peabody Energy Corp.	15,313		406,101
Permian Resources Corp.	66,420		850,176
PrimeEnergy Resources Corp. (A)	140		23,384
Range Resources Corp.	12,490		470,124
REX American Resources Corp. (A)	3,776		115,621
Riley Exploration Permian, Inc.	1,631		44,216
SandRidge Energy, Inc.	3,343		37,709
Scorpio Tankers, Inc.	5,970		334,619
SFL Corp., Ltd.	12,426		93,568
SM Energy Company	11,859		296,119
Talos Energy, Inc. (A)	16,487		158,110
Teekay Corp., Ltd.	7,202		58,912
Teekay Tankers, Ltd., Class A	4,160		210,288
VAALCO Energy, Inc.	6,882		27,666
Viper Energy, Inc., Class A	2,391		91,384
Vitesse Energy, Inc. (C)	1,343		31,198
World Kinect Corp.	7,679		199,270
			12,210,957
			16,278,380

 

192

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financials – 28.7%
Banks – 17.8%
1st Source Corp.	2,221	$	136,725
ACNB Corp.	648		28,538
Amalgamated Financial Corp.	2,746		74,554
Amerant Bancorp, Inc.	3,652		70,374
Ameris Bancorp	5,877		430,843
Ames National Corp.	500		10,110
Arrow Financial Corp.	1,150		32,545
Associated Banc-Corp.	16,592		426,580
Atlantic Union Bankshares Corp.	12,283		433,467
Axos Financial, Inc. (A)	5,130		434,255
Banc of California, Inc.	7,844		129,818
Bank First Corp.	187		22,685
Bank of Hawaii Corp.	722		47,392
Bank of Marin Bancorp	2,508		60,894
Bank OZK	11,075		564,604
Bank7 Corp.	293		13,557
BankFinancial Corp.	2,146		25,816
BankUnited, Inc.	7,426		283,376
Bankwell Financial Group, Inc.	400		17,700
Banner Corp.	3,299		216,085
Bar Harbor Bankshares	2,090		63,661
BayCom Corp.	1,125		32,344
BCB Bancorp, Inc.	1,477		12,820
Beacon Financial Corp.	11,086		262,849
Blue Foundry Bancorp (A)	912		8,290
Blue Ridge Bankshares, Inc. (A)	3,675		15,545
BOK Financial Corp.	4,828		538,032
Bridgewater Bancshares, Inc. (A)	1,759		30,958
Business First Bancshares, Inc.	2,110		49,817
Byline Bancorp, Inc.	4,069		112,833
C&F Financial Corp.	312		20,966
Cadence Bank	17,565		659,390
California BanCorp (A)	2,293		38,247
Camden National Corp.	1,655		63,866
Capital Bancorp, Inc.	1,039		33,144
Capital City Bank Group, Inc.	2,242		93,693
Capitol Federal Financial, Inc.	13,578		86,220
Carter Bankshares, Inc. (A)	1,494		28,999
Cathay General Bancorp	6,640		318,786
Central Pacific Financial Corp.	2,460		74,636
Chemung Financial Corp.	723		37,972
ChoiceOne Financial Services, Inc.	696		20,156
Citizens & Northern Corp.	960		19,018
City Holding Company	102		12,635
Civista Bancshares, Inc.	1,114		22,625
CNB Financial Corp.	2,328		56,338
Colony Bankcorp, Inc.	959		16,313
Columbia Banking System, Inc.	30,344		781,055
Columbia Financial, Inc. (A)	600		9,006
Comerica, Inc.	11,199		767,355
Commerce Bancshares, Inc.	1,281		76,553
Community Financial System, Inc.	3,533		207,175
Community Trust Bancorp, Inc.	1,985		111,061
Community West Bancshares	1,200		25,008
ConnectOne Bancorp, Inc.	4,667		115,788
Cullen/Frost Bankers, Inc.	763		96,726
Customers Bancorp, Inc. (A)	2,981		194,868
CVB Financial Corp.	11,610		219,545
Dime Community Bancshares, Inc.	3,984		118,843
Eagle Bancorp, Inc.	3,671		74,228
East West Bancorp, Inc.	1,272		135,404
Eastern Bankshares, Inc.	13,376		242,774
Enterprise Financial Services Corp.	3,431		198,929
Equity Bancshares, Inc., Class A	1,442		58,689

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Farmers & Merchants Bancorp, Inc.	323	$	8,078
Farmers National Banc Corp.	2,674		38,532
FB Financial Corp.	4,580		255,289
Financial Institutions, Inc.	1,894		51,517
First Bancorp (North Carolina)	3,610		190,933
First Bancorp (Puerto Rico)	16,954		373,836
First Bank	1,600		26,064
First Busey Corp.	7,814		180,894
First Business Financial Services, Inc.	1,274		65,305
First Commonwealth Financial Corp.	10,059		171,506
First Community Bankshares, Inc.	1,904		66,259
First Community Corp.	434		12,247
First Financial Bancorp	9,095		229,649
First Financial Corp.	1,325		74,783
First Financial Northwest, Inc. (A)(B)	1,100		616
First Foundation, Inc. (A)	7,823		43,574
First Hawaiian, Inc.	11,994		297,811
First Horizon Corp.	40,043		905,372
First Internet Bancorp	777		17,428
First Interstate BancSystem, Inc., Class A	8,824		281,221
First Merchants Corp.	4,867		183,486
First Mid Bancshares, Inc.	2,091		79,207
First Northwest Bancorp	800		6,296
First Western Financial, Inc. (A)	421		9,694
Firstsun Capital Bancorp (A)	435		16,874
Five Star Bancorp	926		29,817
Flushing Financial Corp.	5,162		71,287
FNB Corp.	31,117		501,295
FS Bancorp, Inc.	400		15,968
Fulton Financial Corp.	18,051		336,290
German American Bancorp, Inc.	1,684		66,131
Great Southern Bancorp, Inc.	1,117		68,416
Guaranty Bancshares, Inc.	693		33,784
Hancock Whitney Corp.	7,556		473,081
Hanmi Financial Corp.	3,548		87,600
HarborOne Bancorp, Inc.	5,964		81,110
HBT Financial, Inc.	1,200		30,240
Heritage Commerce Corp.	6,790		67,425
Heritage Financial Corp.	3,545		85,754
Hilltop Holdings, Inc.	3,960		132,343
Home Bancorp, Inc.	1,291		70,134
Home BancShares, Inc.	7,494		212,080
HomeTrust Bancshares, Inc.	1,161		47,531
Hope Bancorp, Inc.	13,236		142,552
Horizon Bancorp, Inc.	6,054		96,925
Independent Bank Corp. (Massachusetts)	3,736		258,419
Independent Bank Corp. (Michigan)	2,250		69,694
International Bancshares Corp.	5,105		350,969
Investar Holding Corp.	500		11,605
Kearny Financial Corp.	8,307		54,577
Lakeland Financial Corp.	367		23,561
LCNB Corp.	600		8,994
Live Oak Bancshares, Inc.	2,128		74,948
Mechanics Bancorp, Class A (A)	1,802		23,985
Mercantile Bank Corp.	1,666		74,970
Metrocity Bankshares, Inc.	1,534		42,476
Metropolitan Bank Holding Corp.	854		63,896
Mid Penn Bancorp, Inc.	1,196		34,253
Midland States Bancorp, Inc.	1,553		26,618
MidWestOne Financial Group, Inc.	1,861		52,648
MVB Financial Corp.	777		19,472
National Bank Holdings Corp., Class A	3,153		121,832
National Bankshares, Inc.	622		18,312
NBT Bancorp, Inc.	4,510		188,338

 

193

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Nicolet Bankshares, Inc.	1,214	$	163,283
Northeast Bank	770		77,123
Northeast Community Bancorp, Inc.	435		8,948
Northfield Bancorp, Inc.	5,738		67,708
Northrim BanCorp, Inc.	3,612		78,236
Northwest Bancshares, Inc.	13,082		162,086
Norwood Financial Corp.	1,188		30,199
OceanFirst Financial Corp.	6,369		111,903
OFG Bancorp	4,703		204,533
Old National Bancorp	24,670		541,507
Old Second Bancorp, Inc.	4,574		79,062
OP Bancorp	1,000		13,920
Orange County Bancorp, Inc.	468		11,798
Origin Bancorp, Inc.	2,367		81,709
Orrstown Financial Services, Inc.	1,191		40,470
Park National Corp.	1,323		215,027
Pathward Financial, Inc.	1,629		120,562
PCB Bancorp	836		17,556
Peapack-Gladstone Financial Corp.	1,625		44,850
Peoples Bancorp, Inc.	3,396		101,846
Peoples Financial Services Corp.	673		32,715
Pinnacle Financial Partners, Inc.	5,134		481,518
Ponce Financial Group, Inc. (A)	798		11,731
Popular, Inc.	5,254		667,311
Preferred Bank	1,142		103,225
Primis Financial Corp.	4,990		52,445
Prosperity Bancshares, Inc.	8,511		564,705
Provident Financial Holdings, Inc.	1,778		28,004
Provident Financial Services, Inc.	11,642		224,458
QCR Holdings, Inc.	1,449		109,602
RBB Bancorp	1,075		20,167
Red River Bancshares, Inc.	365		23,659
Renasant Corp.	8,041		296,632
Republic Bancorp, Inc., Class A	1,139		82,293
Riverview Bancorp, Inc.	3,925		21,077
S&T Bancorp, Inc.	3,678		138,256
Seacoast Banking Corp. of Florida	4,717		143,538
ServisFirst Bancshares, Inc.	265		21,340
Shore Bancshares, Inc.	3,724		61,111
Sierra Bancorp	1,759		50,853
Simmons First National Corp., Class A	11,659		223,503
SmartFinancial, Inc.	1,186		42,376
South Plains Financial, Inc.	954		36,872
Southern First Bancshares, Inc. (A)	537		23,692
Southern Missouri Bancorp, Inc.	1,012		53,191
Southside Bancshares, Inc.	2,314		65,371
SouthState Bank Corp.	7,682		759,519
Stellar Bancorp, Inc.	3,617		109,740
Stock Yards Bancorp, Inc.	725		50,743
Synovus Financial Corp.	5,872		288,198
Texas Capital Bancshares, Inc. (A)	4,127		348,855
TFS Financial Corp.	1,758		23,162
The Bank of NT Butterfield & Son, Ltd.	2,175		93,351
The First Bancorp, Inc.	1,316		34,558
The Hingham Institution for Savings	69		18,201
Third Coast Bancshares, Inc. (A)	881		33,452
Tompkins Financial Corp.	1,266		83,822
Towne Bank	6,599		228,127
TriCo Bancshares	1,995		88,598
Triumph Financial, Inc. (A)(C)	875		43,785
Trustmark Corp.	6,793		269,003
UMB Financial Corp.	4,166		493,046
United Bankshares, Inc.	12,184		453,367
United Community Banks, Inc.	10,335		324,002
Unity Bancorp, Inc.	906		44,276

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Univest Financial Corp.	3,139	$	94,233
Valley National Bancorp	49,284		522,410
Veritex Holdings, Inc.	5,129		171,975
WaFd, Inc.	7,756		234,929
Washington Trust Bancorp, Inc.	1,795		51,876
Webster Financial Corp.	14,613		868,597
WesBanco, Inc.	9,275		296,151
Westamerica BanCorp	1,332		66,587
Western Alliance Bancorp	4,595		398,478
Western New England Bancorp, Inc.	3,609		43,344
Wintrust Financial Corp.	3,102		410,829
WSFS Financial Corp.	4,815		259,673
Zions Bancorp NA	16,259		919,934
			31,257,671
Capital markets – 1.5%
Affiliated Managers Group, Inc.	123		29,327
Diamond Hill Investment Group, Inc.	172		24,082
DigitalBridge Group, Inc.	6,789		79,431
Franklin Resources, Inc.	33,033		764,053
Invesco, Ltd.	38,955		893,628
Janus Henderson Group PLC	13,228		588,778
Oppenheimer Holdings, Inc., Class A	817		60,384
Stifel Financial Corp.	586		66,493
Victory Capital Holdings, Inc., Class A	364		23,573
Virtus Investment Partners, Inc.	556		105,657
			2,635,406
Consumer finance – 1.9%
Ally Financial, Inc.	24,039		942,329
Atlanticus Holdings Corp. (A)	1,012		59,283
Bread Financial Holdings, Inc.	5,224		291,342
Consumer Portfolio Services, Inc. (A)	1,066		8,048
Encore Capital Group, Inc. (A)	2,377		99,216
Enova International, Inc. (A)	2,138		246,062
EZCORP, Inc., Class A (A)	6,064		115,459
FirstCash Holdings, Inc.	195		30,892
Green Dot Corp., Class A (A)	5,713		76,726
LendingClub Corp. (A)	9,687		147,146
Navient Corp.	11,291		148,477
Nelnet, Inc., Class A	2,752		345,046
NerdWallet, Inc., Class A (A)	2,380		25,609
Old Market Capital Corp. (A)	75		383
OneMain Holdings, Inc.	10,668		602,315
Oportun Financial Corp. (A)	1,259		7,768
PRA Group, Inc. (A)	4,305		66,469
PROG Holdings, Inc.	1,807		58,475
Regional Management Corp.	573		22,324
SLM Corp.	1,280		35,430
World Acceptance Corp. (A)	247		41,778
			3,370,577
Financial services – 2.7%
Acacia Research Corp. (A)	5,453		17,722
Alerus Financial Corp.	1,790		39,631
California First Leasing Corp. (A)	141		2,916
Cass Information Systems, Inc.	338		13,294
Enact Holdings, Inc.	5,826		223,369
Essent Group, Ltd.	8,696		552,718
Federal Agricultural Mortgage Corp., Class C	898		150,846
Flywire Corp. (A)	1,868		25,293
Jackson Financial, Inc., Class A	7,265		735,436
Merchants Bancorp	2,523		80,231
MGIC Investment Corp.	21,346		605,586
Mr. Cooper Group, Inc.	3,087		650,709
NMI Holdings, Inc. (A)	7,442		285,326

 

194

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Onity Group, Inc. (A)	315	$	12,587
Paysafe, Ltd. (A)	4,562		58,941
PennyMac Financial Services, Inc.	3,750		464,550
Radian Group, Inc.	9,022		326,777
Repay Holdings Corp. (A)	3,834		20,052
TrustCo Bank Corp. NY	2,163		78,517
Velocity Financial, Inc. (A)	2,333		42,321
Voya Financial, Inc.	2,868		214,526
Walker & Dunlop, Inc.	1,425		119,159
Waterstone Financial, Inc.	3,889		60,668
			4,781,175
Insurance – 4.8%
Ambac Financial Group, Inc. (A)	3,281		27,364
American Coastal Insurance Corp.	2,809		31,995
American Financial Group, Inc.	792		115,410
Assurant, Inc.	539		116,747
Assured Guaranty, Ltd.	3,868		327,426
Axis Capital Holdings, Ltd.	4,858		465,396
Brighthouse Financial, Inc. (A)	5,735		304,414
CNO Financial Group, Inc.	9,400		371,770
Donegal Group, Inc., Class A	3,869		75,020
Employers Holdings, Inc.	3,280		139,334
Everest Group, Ltd.	246		86,157
F&G Annuities & Life, Inc.	1,303		40,745
Fidelis Insurance Holdings, Ltd.	4,214		76,484
First American Financial Corp.	8,688		558,117
Genworth Financial, Inc. (A)	40,497		360,423
Globe Life, Inc.	4,049		578,886
Greenlight Capital Re, Ltd., Class A (A)	3,417		43,396
Hamilton Insurance Group, Ltd., Class B (A)	2,452		60,810
Heritage Insurance Holdings, Inc. (A)	2,137		53,810
Horace Mann Educators Corp.	4,103		185,333
Investors Title Company	285		76,332
James River Group Holdings, Ltd.	2,157		11,971
Kemper Corp.	4,883		251,719
Lincoln National Corp.	8,927		360,026
Mercury General Corp.	3,856		326,912
Old Republic International Corp.	8,056		342,138
ProAssurance Corp. (A)	4,655		111,673
Reinsurance Group of America, Inc.	2,571		493,966
RenaissanceRe Holdings, Ltd.	2,743		696,530
Safety Insurance Group, Inc.	1,112		78,607
Selective Insurance Group, Inc.	281		22,781
SelectQuote, Inc. (A)	9,833		19,273
SiriusPoint, Ltd. (A)	12,227		221,186
Stewart Information Services Corp.	2,456		180,074
The Hanover Insurance Group, Inc.	150		27,245
Tiptree, Inc.	4,589		87,971
United Fire Group, Inc.	2,109		64,156
Universal Insurance Holdings, Inc.	3,446		90,630
Unum Group	9,130		710,131
White Mountains Insurance Group, Ltd.	185		309,231
			8,501,589
			50,546,418
Health care – 7.6%
Biotechnology – 0.5%
Allogene Therapeutics, Inc. (A)	4,442		5,508
Anika Therapeutics, Inc. (A)	1,585		14,899
Arcturus Therapeutics Holdings, Inc. (A)	768		14,154
CareDx, Inc. (A)	1,713		24,907
Catalyst Pharmaceuticals, Inc. (A)	591		11,643
CRISPR Therapeutics AG (A)(C)	367		23,785
Cullinan Therapeutics, Inc. (A)	1,880		11,148

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
CureVac NV (A)	6,804	$	36,674
Day One Biopharmaceuticals, Inc. (A)	2,917		20,565
Dynavax Technologies Corp. (A)	6,773		67,256
Editas Medicine, Inc. (A)	4,847		16,819
Emergent BioSolutions, Inc. (A)	2,676		23,602
Intellia Therapeutics, Inc. (A)	1,569		27,097
iTeos Therapeutics, Inc. (A)(B)	1,538		158
Janux Therapeutics, Inc. (A)	1,839		44,945
Kodiak Sciences, Inc. (A)	1,185		19,398
Monte Rosa Therapeutics, Inc. (A)	3,223		23,882
Myriad Genetics, Inc. (A)	781		5,647
Nkarta, Inc. (A)(C)	2,121		4,390
Organogenesis Holdings, Inc. (A)	6,172		26,046
PDL BioPharma, Inc. (A)(B)	5,434		869
Prothena Corp. PLC (A)	973		9,496
REGENXBIO, Inc. (A)	1,845		17,804
Relay Therapeutics, Inc. (A)	3,430		17,905
Sage Therapeutics, Inc. (A)(B)	2,478		446
Tourmaline Bio, Inc. (A)	2,485		118,858
Vanda Pharmaceuticals, Inc. (A)	4,716		23,533
Veracyte, Inc. (A)	7,060		242,370
Vir Biotechnology, Inc. (A)	8,514		48,615
Voyager Therapeutics, Inc. (A)	1,361		6,356
Xencor, Inc. (A)	3,040		35,659
Zymeworks, Inc. (A)	1,431		24,441
			968,875
Health care equipment and supplies – 1.6%
AngioDynamics, Inc. (A)	3,198		35,722
Avanos Medical, Inc. (A)	5,595		64,678
CONMED Corp.	1,313		61,750
Dentsply Sirona, Inc.	10,075		127,852
Enovis Corp. (A)	6,058		183,800
Envista Holdings Corp. (A)	16,899		344,233
FONAR Corp. (A)	463		6,973
Globus Medical, Inc., Class A (A)	173		9,908
ICU Medical, Inc. (A)	1,490		178,740
Inogen, Inc. (A)	1,678		13,709
Integer Holdings Corp. (A)	1,801		186,097
Integra LifeSciences Holdings Corp. (A)	5,794		83,028
Kewaunee Scientific Corp. (A)	83		3,540
LivaNova PLC (A)	2,219		116,231
Neogen Corp. (A)	19,887		113,555
Omnicell, Inc. (A)	3,918		119,303
OraSure Technologies, Inc. (A)	4,040		12,968
Orthofix Medical, Inc. (A)	4,028		58,970
OrthoPediatrics Corp. (A)	1,896		35,133
QuidelOrtho Corp. (A)	5,901		173,784
STAAR Surgical Company (A)	1,695		45,545
Tactile Systems Technology, Inc. (A)	1,515		20,968
Teleflex, Inc.	3,253		398,037
The Cooper Companies, Inc. (A)	3,884		266,287
Utah Medical Products, Inc.	289		18,198
Varex Imaging Corp. (A)	4,007		49,687
Zimvie, Inc. (A)	778		14,735
			2,743,431
Health care providers and services – 1.8%
Acadia Healthcare Company, Inc. (A)(C)	8,305		205,632
AdaptHealth Corp. (A)	10,001		89,509
Addus HomeCare Corp. (A)	1,732		204,359
Astrana Health, Inc. (A)	1,776		50,350
BrightSpring Health Services, Inc. (A)	1,612		47,651
Castle Biosciences, Inc. (A)	2,492		56,743
Centene Corp. (A)	4,863		173,512
Cross Country Healthcare, Inc. (A)	3,819		54,230
Enhabit, Inc. (A)	5,906		47,307

 

195

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Fulgent Genetics, Inc. (A)	4,293	$	97,022
Henry Schein, Inc. (A)	351		23,296
LifeStance Health Group, Inc. (A)	7,345		40,398
Molina Healthcare, Inc. (A)	879		168,205
National HealthCare Corp.	1,373		166,833
NeoGenomics, Inc. (A)	15,245		117,691
OPKO Health, Inc. (A)	8,398		13,017
Owens & Minor, Inc. (A)	8,533		40,958
Pediatrix Medical Group, Inc. (A)	7,834		131,220
Premier, Inc., Class A	9,591		266,630
Select Medical Holdings Corp.	8,695		111,644
Surgery Partners, Inc. (A)	5,297		114,627
Tenet Healthcare Corp. (A)	644		130,758
The Pennant Group, Inc. (A)	2,698		68,044
Universal Health Services, Inc., Class B	3,407		696,527
US Physical Therapy, Inc.	1,370		116,382
			3,232,545
Health care technology – 0.2%
American Well Corp., Class A (A)	478		2,940
Certara, Inc. (A)	9,929		121,332
Definitive Healthcare Corp. (A)	1,330		5,400
Evolent Health, Inc., Class A (A)	1,381		11,683
GoodRx Holdings, Inc., Class A (A)	3,210		13,578
Health Catalyst, Inc. (A)	2,468		7,034
HealthStream, Inc.	2,711		76,559
Simulations Plus, Inc. (A)	940		14,166
Teladoc Health, Inc. (A)	14,948		115,548
TruBridge, Inc. (A)	1,067		21,521
			389,761
Life sciences tools and services – 1.5%
Avantor, Inc. (A)	28,030		349,814
Azenta, Inc. (A)	4,127		118,527
Bio-Rad Laboratories, Inc., Class A (A)	1,612		451,989
Charles River Laboratories International, Inc. (A)	230		35,986
CryoPort, Inc. (A)	3,000		28,440
Cytek Biosciences, Inc. (A)	13,243		45,953
ICON PLC (A)	4,952		866,600
MaxCyte, Inc. (A)	3,699		5,844
Mesa Laboratories, Inc.	246		16,484
OmniAb, Inc. (A)	6,457		10,331
OmniAb, Inc., $12.50 Earnout Shares (A)	240		238
OmniAb, Inc., $15.00 Earnout Shares (A)	240		220
Personalis, Inc. (A)(C)	1,146		7,472
Quanterix Corp. (A)	851		4,621
Revvity, Inc.	7,835		686,738
Seer, Inc. (A)	2,095		4,546
			2,633,803
Pharmaceuticals – 2.0%
Amphastar Pharmaceuticals, Inc. (A)	3,557		94,794
Atea Pharmaceuticals, Inc. (A)	2,800		8,120
Cumberland Pharmaceuticals, Inc. (A)	956		2,983
Elanco Animal Health, Inc. (A)	38,843		782,298
Harmony Biosciences Holdings, Inc. (A)	2,122		58,482
Innoviva, Inc. (A)	7,085		129,301
Jazz Pharmaceuticals PLC (A)	3,725		490,955
Ligand Pharmaceuticals, Inc. (A)	252		44,639
Neumora Therapeutics, Inc. (A)	5,323		9,688
Nuvation Bio, Inc. (A)	9,531		35,265
Pacira BioSciences, Inc. (A)	3,165		81,562
Perrigo Company PLC (C)	14,404		320,777
Pliant Therapeutics, Inc. (A)	1,976		2,924

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Prestige Consumer Healthcare, Inc. (A)	4,154	$	259,210
Rafael Holdings, Inc., Class B (A)	500		680
SIGA Technologies, Inc.	3,721		34,047
Supernus Pharmaceuticals, Inc. (A)	5,048		241,244
Terns Pharmaceuticals, Inc. (A)	3,577		26,863
Viatris, Inc.	85,856		849,974
			3,473,806
			13,442,221
Industrials – 15.8%
Aerospace and defense – 0.7%
AAR Corp. (A)	3,420		306,671
AerSale Corp. (A)	2,933		24,021
Ducommun, Inc. (A)	1,245		119,682
Huntington Ingalls Industries, Inc.	236		67,947
Mercury Systems, Inc. (A)	2,371		183,515
National Presto Industries, Inc.	744		83,440
Park Aerospace Corp.	2,083		42,368
SIFCO Industries, Inc. (A)	1,000		7,041
Textron, Inc.	1,283		108,401
V2X, Inc. (A)	2,053		119,259
VSE Corp.	1,387		230,575
			1,292,920
Air freight and logistics – 0.2%
GXO Logistics, Inc. (A)	3,117		164,858
Hub Group, Inc., Class A	5,858		201,750
Radiant Logistics, Inc. (A)	3,764		22,208
			388,816
Building products – 1.8%
American Woodmark Corp. (A)	2,154		143,801
Apogee Enterprises, Inc.	2,485		108,271
AZZ, Inc.	1,776		193,815
Builders FirstSource, Inc. (A)	1,337		162,111
Fortune Brands Innovations, Inc.	5,551		296,368
Gibraltar Industries, Inc. (A)	2,835		178,038
Hayward Holdings, Inc. (A)	13,257		200,446
Insteel Industries, Inc.	1,689		64,756
Janus International Group, Inc. (A)	5,808		57,325
JELD-WEN Holding, Inc. (A)	4,097		20,116
Masterbrand, Inc. (A)	11,236		147,978
Owens Corning	5,214		737,572
Quanex Building Products Corp.	2,029		28,852
Resideo Technologies, Inc. (A)	13,667		590,141
UFP Industries, Inc.	2,310		215,962
			3,145,552
Commercial services and supplies – 1.2%
ABM Industries, Inc.	5,820		268,418
ACCO Brands Corp.	8,323		33,209
Acme United Corp. (C)	733		30,185
Brady Corp., Class A	2,040		159,181
BrightView Holdings, Inc. (A)	8,678		116,285
Civeo Corp.	673		15,479
Deluxe Corp.	4,579		88,649
Ennis, Inc.	3,253		59,465
Enviri Corp. (A)	9,452		119,946
Healthcare Services Group, Inc. (A)	4,919		82,787
HNI Corp.	2,204		103,257
Interface, Inc.	5,284		152,919
MillerKnoll, Inc.	5,808		103,034
Montrose Environmental Group, Inc. (A)	393		10,792
NL Industries, Inc.	3,260		20,049
OPENLANE, Inc. (A)	10,424		300,003
Steelcase, Inc., Class A	8,290		142,588
UniFirst Corp.	1,266		211,663

 

196

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Vestis Corp.	8,348	$	37,816
Virco Manufacturing Corp.	1,200		9,300
			2,065,025
Construction and engineering – 0.6%
Ameresco, Inc., Class A (A)	2,658		89,256
Arcosa, Inc.	2,760		258,640
Bowman Consulting Group, Ltd. (A)	1,047		44,351
Concrete Pumping Holdings, Inc.	3,671		25,881
Great Lakes Dredge & Dock Corp. (A)	10,393		124,612
Matrix Service Company (A)	1,100		14,388
NWPX Infrastructure, Inc. (A)	1,306		69,127
Orion Group Holdings, Inc. (A)	6,515		54,205
Primoris Services Corp.	207		28,427
Tutor Perini Corp. (A)	5,413		355,039
			1,063,926
Electrical equipment – 1.3%
Allient, Inc.	1,380		61,755
Atkore, Inc.	2,996		187,969
Communications Systems, Inc. (A)(B)	450		68
EnerSys	2,342		264,552
LSI Industries, Inc.	3,947		93,189
Preformed Line Products Company	696		136,520
Regal Rexnord Corp.	5,343		766,400
Sensata Technologies Holding PLC	13,006		397,333
Shoals Technologies Group, Inc., Class A (A)	4,351		32,241
Sunrun, Inc. (A)	10,267		177,516
Thermon Group Holdings, Inc. (A)	3,785		101,135
Ultralife Corp. (A)	1,984		13,531
			2,232,209
Ground transportation – 1.6%
ArcBest Corp.	2,127		148,613
Covenant Logistics Group, Inc. (C)	2,928		63,420
FTAI Infrastructure, Inc.	2,333		10,172
Heartland Express, Inc.	8,010		67,124
Knight-Swift Transportation Holdings, Inc.	15,695		620,109
Marten Transport, Ltd.	7,224		77,008
PAMT Corp. (A)	2,085		23,769
Ryder System, Inc.	3,502		660,617
Saia, Inc. (A)	809		242,182
Schneider National, Inc., Class B	8,309		175,818
U-Haul Holding Company (A)	1,626		92,796
U-Haul Holding Company, Series N	9,368		476,831
Universal Logistics Holdings, Inc. (C)	1,998		46,833
Werner Enterprises, Inc.	6,648		174,975
			2,880,267
Machinery – 3.5%
3D Systems Corp. (A)(C)	5,104		14,802
Aebi Schmidt Holding AG	3,018		37,634
AGCO Corp.	5,423		580,641
Alamo Group, Inc.	1,176		224,498
Albany International Corp., Class A	1,243		66,252
Astec Industries, Inc.	2,815		135,486
Chart Industries, Inc. (A)	1,024		204,954
CNH Industrial NV	22,009		238,798
Columbus McKinnon Corp.	2,178		31,233
Commercial Vehicle Group, Inc. (A)	2,492		4,236
Douglas Dynamics, Inc.	2,021		63,176
Enpro, Inc.	1,197		270,522
Gates Industrial Corp. PLC (A)	10,297		255,572
Gencor Industries, Inc. (A)	1,462		21,389
Helios Technologies, Inc.	2,995		156,129
Hillenbrand, Inc.	4,296		116,164

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Hillman Solutions Corp. (A)	17,806	$	163,459
Hurco Companies, Inc. (A)	1,054		18,340
Hyster-Yale, Inc.	1,090		40,177
IDEX Corp.	541		88,053
Kennametal, Inc.	9,907		207,354
LB Foster Company, Class A (A)	1,699		45,788
Lindsay Corp.	100		14,056
Luxfer Holdings PLC	1,836		25,520
Mayville Engineering Company, Inc. (A)	1,796		24,713
Miller Industries, Inc.	1,781		71,988
Mueller Industries, Inc.	4,250		429,718
NN, Inc. (A)	2,376		4,895
Oshkosh Corp.	3,356		435,273
Park-Ohio Holdings Corp.	749		15,909
Perma-Pipe International Holdings, Inc. (A)	1,100		25,773
Proto Labs, Inc. (A)	2,456		122,874
Standex International Corp.	449		95,143
Stanley Black & Decker, Inc.	8,593		638,718
Stratasys, Ltd. (A)	1,753		19,634
Tennant Company	353		28,614
Terex Corp.	5,797		297,386
The Eastern Company	1,145		26,862
The Gorman-Rupp Company	1,854		86,044
The Greenbrier Companies, Inc.	3,130		144,512
The Manitowoc Company, Inc. (A)	4,590		45,946
The Middleby Corp. (A)	544		72,314
The Timken Company	1,091		82,021
Titan International, Inc. (A)	8,125		61,425
Trinity Industries, Inc.	8,335		233,713
Twin Disc, Inc.	1,650		23,001
Worthington Enterprises, Inc.	3,821		212,027
			6,222,736
Marine transportation – 0.4%
Costamare Bulkers Holdings, Ltd. (A)	1,918		27,562
Costamare, Inc.	11,608		138,251
Genco Shipping & Trading, Ltd.	5,252		93,486
Kirby Corp. (A)	1,890		157,721
Matson, Inc.	2,873		283,249
Pangaea Logistics Solutions, Ltd.	4,289		21,788
			722,057
Passenger airlines – 0.9%
Alaska Air Group, Inc. (A)	11,606		577,747
Allegiant Travel Company (A)	1,947		118,319
Copa Holdings SA, Class A	1,854		220,292
Frontier Group Holdings, Inc. (A)(C)	14,232		62,834
JetBlue Airways Corp. (A)	27,061		133,140
SkyWest, Inc. (A)	3,517		353,881
Strata Critical Medical, Inc. (A)	5,674		28,710
Sun Country Airlines Holdings, Inc. (A)	7,681		90,713
			1,585,636
Professional services – 1.4%
Acuren Corp. (A)	3,263		43,431
Alight, Inc., Class A	47,117		153,601
Amentum Holdings, Inc. (A)	3,668		87,849
Asure Software, Inc. (A)	1,391		11,406
BGSF, Inc. (A)	800		5,680
CACI International, Inc., Class A (A)	385		192,030
Clarivate PLC (A)	55,199		211,412
Concentrix Corp. (C)	5,815		268,362
Conduent, Inc. (A)	14,444		40,443
First Advantage Corp. (A)(C)	1,878		28,902
FTI Consulting, Inc. (A)	114		18,428
Genpact, Ltd.	3,574		149,715

 

197

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Heidrick & Struggles International, Inc.	1,672	$	83,215
IBEX Holdings, Ltd. (A)	874		35,414
ICF International, Inc.	1,410		130,848
Kelly Services, Inc., Class A	4,561		59,840
Korn Ferry	4,161		291,187
ManpowerGroup, Inc.	4,501		170,588
Maximus, Inc.	2,740		250,354
Mistras Group, Inc. (A)	2,232		21,963
Resources Connection, Inc.	4,120		20,806
Robert Half, Inc.	3,575		121,479
Science Applications International Corp.	506		50,281
TrueBlue, Inc. (A)	3,219		19,732
TTEC Holdings, Inc. (A)	1,300		4,368
Willdan Group, Inc. (A)	202		19,531
			2,490,865
Trading companies and distributors – 2.2%
Air Lease Corp.	11,269		717,272
BlueLinx Holdings, Inc. (A)(C)	1,193		87,184
Boise Cascade Company	3,402		263,043
Custom Truck One Source, Inc. (A)(C)	9,674		62,107
Distribution Solutions Group, Inc. (A)	2,214		66,597
DNOW, Inc. (A)	12,468		190,137
DXP Enterprises, Inc. (A)	1,295		154,196
GATX Corp.	926		161,865
Global Industrial, Inc.	1,726		63,292
Herc Holdings, Inc.	923		107,677
Hudson Technologies, Inc. (A)	2,645		26,265
McGrath RentCorp	1,388		162,812
MRC Global, Inc. (A)	4,399		63,434
MSC Industrial Direct Company, Inc., Class A	1,510		139,131
NPK International, Inc. (A)	8,462		95,705
Rush Enterprises, Inc., Class A	5,847		312,639
Rush Enterprises, Inc., Class B	1,275		73,211
Titan Machinery, Inc. (A)	3,843		64,332
Transcat, Inc. (A)	442		32,354
WESCO International, Inc.	3,945		834,368
Willis Lease Finance Corp.	650		89,109
			3,766,730
			27,856,739
Information technology – 7.0%
Communications equipment – 0.6%
Aviat Networks, Inc. (A)	829		19,009
Clearfield, Inc. (A)	468		16,090
Comtech Telecommunications Corp. (A)	2,706		6,981
Digi International, Inc. (A)	3,664		133,589
Harmonic, Inc. (A)	4,330		44,079
KVH Industries, Inc. (A)	910		5,096
NETGEAR, Inc. (A)	3,745		121,301
NetScout Systems, Inc. (A)	8,322		214,957
Optical Cable Corp. (A)	931		7,560
Ribbon Communications, Inc. (A)	8,541		32,456
Viasat, Inc. (A)	11,656		341,521
Viavi Solutions, Inc. (A)	12,244		155,376
			1,098,015
Electronic equipment, instruments and components – 3.5%
Arrow Electronics, Inc. (A)	4,682		566,522
Avnet, Inc.	9,370		489,864
Bel Fuse, Inc., Class B	187		26,371
Benchmark Electronics, Inc.	4,113		158,556
Coherent Corp. (A)	208		22,406
Crane NXT Company	2,405		161,303
CTS Corp.	2,507		100,130
Daktronics, Inc. (A)	6,286		131,503

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
ePlus, Inc.	2,789	$	198,047
Insight Enterprises, Inc. (A)	1,140		129,287
IPG Photonics Corp. (A)	3,031		240,025
Key Tronic Corp. (A)	1,900		6,783
Kimball Electronics, Inc. (A)	3,836		114,543
Knowles Corp. (A)	9,130		212,820
Methode Electronics, Inc.	2,971		22,431
Mirion Technologies, Inc. (A)	8,746		203,432
PC Connection, Inc.	2,791		173,014
Plexus Corp. (A)	2,482		359,121
Powerfleet, Inc. (A)	9,661		50,624
RF Industries, Ltd. (A)	120		988
Richardson Electronics, Ltd.	1,461		14,303
Rogers Corp. (A)	1,493		120,127
Sanmina Corp. (A)	2,774		319,315
ScanSource, Inc. (A)	3,273		143,979
SmartRent, Inc. (A)	4,300		6,063
TD SYNNEX Corp.	7,604		1,245,155
TTM Technologies, Inc. (A)	11,374		655,142
Vishay Intertechnology, Inc.	13,910		212,823
Vishay Precision Group, Inc. (A)	1,686		54,036
			6,138,713
IT services – 0.5%
Akamai Technologies, Inc. (A)	5,033		381,300
ASGN, Inc. (A)	3,833		181,493
DXC Technology Company (A)	16,462		224,377
Fastly, Inc., Class A (A)	12,165		104,011
Globant SA (A)	157		9,009
Grid Dynamics Holdings, Inc. (A)	2,685		20,701
Information Services Group, Inc.	4,400		25,300
			946,191
Semiconductors and semiconductor equipment – 1.5%
Alpha & Omega Semiconductor, Ltd. (A)	4,086		114,245
Amkor Technology, Inc.	23,333		662,657
Amtech Systems, Inc. (A)	2,404		22,261
Axcelis Technologies, Inc. (A)	415		40,521
CEVA, Inc. (A)	1,160		30,636
Cohu, Inc. (A)	5,294		107,627
Diodes, Inc. (A)	3,447		183,415
FormFactor, Inc. (A)	2,780		101,248
Ichor Holdings, Ltd. (A)	4,254		74,530
Indie Semiconductor, Inc., Class A (A)(C)	9,495		38,645
Kulicke & Soffa Industries, Inc.	4,655		189,179
Magnachip Semiconductor Corp. (A)	2,526		7,906
MKS, Inc.	1,686		208,676
Penguin Solutions, Inc. (A)	4,457		117,130
Photronics, Inc. (A)	7,623		174,948
Qorvo, Inc. (A)	757		68,948
Skyworks Solutions, Inc.	1,520		117,010
Synaptics, Inc. (A)	1,961		134,015
Ultra Clean Holdings, Inc. (A)	5,478		149,276
Veeco Instruments, Inc. (A)	3,352		102,001
			2,644,874
Software – 0.8%
ACI Worldwide, Inc. (A)	1,582		83,482
Aware, Inc. (A)	2,160		5,206
BILL Holdings, Inc. (A)	2,577		136,504
Bit Digital, Inc. (A)	4,280		12,840
Cerence, Inc. (A)	2,124		26,465
Cipher Mining, Inc. (A)(C)	10,375		130,621
CleanSpark, Inc. (A)	10,298		149,321
Consensus Cloud Solutions, Inc. (A)	218		6,403

 

198

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Daily Journal Corp. (A)	41	$	19,071
LiveRamp Holdings, Inc. (A)	5,657		153,531
MeridianLink, Inc. (A)	1,819		36,253
Mitek Systems, Inc. (A)	3,339		32,622
N-able, Inc. (A)	9,627		75,091
NCino, Inc. (A)	4,022		109,036
NCR Voyix Corp. (A)	5,833		73,204
ON24, Inc. (A)	2,666		15,250
OneSpan, Inc.	2,351		37,357
Riot Platforms, Inc. (A)	4,132		78,632
Sapiens International Corp. NV	400		17,200
Verint Systems, Inc. (A)	5,292		107,163
Xperi, Inc. (A)	3,587		23,244
			1,328,496
Technology hardware, storage and peripherals – 0.1%
AstroNova, Inc. (A)	1,439		14,735
Corsair Gaming, Inc. (A)	3,313		29,552
Diebold Nixdorf, Inc. (A)	1,163		66,326
Eastman Kodak Company (A)	4,412		28,281
Xerox Holdings Corp. (C)	18,434		69,312
			208,206
			12,364,495
Materials – 6.7%
Chemicals – 3.2%
AdvanSix, Inc.	2,915		56,493
Alto Ingredients, Inc. (A)	3,300		3,564
American Vanguard Corp. (A)	2,933		16,835
Arq, Inc. (A)	1,736		12,430
Ashland, Inc.	5,269		252,438
Avient Corp.	8,252		271,903
Axalta Coating Systems, Ltd. (A)	6,559		187,719
Cabot Corp.	2,316		176,132
Celanese Corp.	2,746		115,552
CF Industries Holdings, Inc.	8,231		738,321
Core Molding Technologies, Inc. (A)	1,000		20,550
Eastman Chemical Company	7,299		460,202
Ecovyst, Inc. (A)	11,000		96,360
Element Solutions, Inc.	8,048		202,568
Flotek Industries, Inc. (A)(C)	1,893		27,638
FMC Corp.	870		29,258
HB Fuller Company	2,951		174,935
Huntsman Corp.	15,756		141,489
Innospec, Inc.	1,905		146,990
Intrepid Potash, Inc. (A)	1,117		34,158
Koppers Holdings, Inc.	2,301		64,428
Kronos Worldwide, Inc.	5,645		32,402
LSB Industries, Inc. (A)	6,523		51,401
Mativ Holdings, Inc.	4,760		53,836
Minerals Technologies, Inc.	2,920		181,390
Olin Corp.	9,448		236,106
Orion SA	4,191		31,768
Perimeter Solutions, Inc. (A)	13,081		292,884
Quaker Chemical Corp.	1,427		188,007
Rayonier Advanced Materials, Inc. (A)	4,555		32,887
Stepan Company	1,951		93,063
The Mosaic Company	25,732		892,386
Tronox Holdings PLC	11,977		48,148
Westlake Corp.	2,356		181,553
			5,545,794
Containers and packaging – 1.2%
Ball Corp.	10,141		511,309
Graphic Packaging Holding Company	21,485		420,461
Greif, Inc., Class A	2,525		150,894
Greif, Inc., Class B	1,013		62,411

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging (continued)
Myers Industries, Inc.	4,005	$	67,845
O-I Glass, Inc. (A)	11,675		151,425
Ranpak Holdings Corp. (A)(C)	4,753		26,712
Silgan Holdings, Inc.	7,434		319,736
Sonoco Products Company	4,787		206,272
TriMas Corp.	3,876		149,769
			2,066,834
Metals and mining – 2.2%
Alcoa Corp.	23,981		788,735
Alpha Metallurgical Resources, Inc. (A)	1,317		216,107
Ampco-Pittsburgh Corp. (A)	1,644		3,765
Ascent Industries Company (A)	2,209		28,452
Caledonia Mining Corp. PLC	1,040		37,658
Century Aluminum Company (A)	5,782		169,760
Cleveland-Cliffs, Inc. (A)	10,846		132,321
Coeur Mining, Inc. (A)	7,752		145,428
Commercial Metals Company	11,570		662,730
Compass Minerals International, Inc. (A)	1,647		31,622
Friedman Industries, Inc.	1,511		33,083
Hecla Mining Company	48,483		586,644
Kaiser Aluminum Corp.	535		41,281
Materion Corp.	1,671		201,874
McEwen, Inc. (A)	3,789		64,792
Metallus, Inc. (A)	5,092		84,171
Nexa Resources SA	900		4,491
Olympic Steel, Inc.	2,053		62,514
Ramaco Resources, Inc., Class A (A)	4,465		148,193
Ramaco Resources, Inc., Class B	1		16
Ryerson Holding Corp.	2,583		59,047
SunCoke Energy, Inc.	7,778		63,468
Tredegar Corp. (A)	1,654		13,282
Warrior Met Coal, Inc.	3,572		227,322
Worthington Steel, Inc.	4,445		135,084
			3,941,840
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	1,597		33,154
Mercer International, Inc.	7,458		21,479
Resolute Forest Products, Inc. (A)(B)	7,541		10,708
Sylvamo Corp.	1,762		77,916
			143,257
			11,697,725
Real estate – 1.1%
Real estate management and development – 1.1%
Anywhere Real Estate, Inc. (A)	9,125		96,634
Cushman & Wakefield PLC (A)	20,427		325,198
Douglas Elliman, Inc. (A)	6,219		17,786
Five Point Holdings LLC, Class A (A)	4,575		28,045
Forestar Group, Inc. (A)	4,423		117,608
FRP Holdings, Inc. (A)	1,862		45,358
Howard Hughes Holdings, Inc. (A)	3,339		274,366
Jones Lang LaSalle, Inc. (A)	1,530		456,368
Kennedy-Wilson Holdings, Inc.	11,933		99,283
Marcus & Millichap, Inc.	4,012		117,752
Newmark Group, Inc., Class A	8,103		151,121
RE/MAX Holdings, Inc., Class A (A)	2,193		20,680
Seaport Entertainment Group, Inc. (A)(C)	841		19,276
Stratus Properties, Inc. (A)	1,025		21,689
Tejon Ranch Company (A)	3,096		49,474
The RMR Group, Inc., Class A	440		6,921
			1,847,559

 

199

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Utilities – 0.3%
Electric utilities – 0.0%
Genie Energy, Ltd., B Shares	1,000	$	14,950
Gas utilities – 0.2%
MDU Resources Group, Inc.	18,245		324,943
New Jersey Resources Corp.	625		30,094
			355,037
Independent power and renewable electricity producers – 0.1%
Hallador Energy Company (A)	1,635		31,997
Montauk Renewables, Inc. (A)	2,000		4,020
Ormat Technologies, Inc.	1,772		170,555
			206,572
			576,559
TOTAL COMMON STOCKS (Cost $153,976,673)		$	175,735,360
SHORT-TERM INVESTMENTS – 1.1%
Short-term funds – 1.1%
John Hancock Collateral Trust, 4.0668% (D)(E)	157,114		1,571,672
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (D)	335,788		335,788
TOTAL SHORT-TERM INVESTMENTS (Cost $1,907,498)		$	1,907,460
Total Investments (Small Cap Opportunities Trust) (Cost $155,884,171) – 101.0%		$	177,642,820
Other assets and liabilities, net – (1.0%)			(1,704,992)
TOTAL NET ASSETS – 100.0%		$	175,937,828

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)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $3,798,874. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $2,321,968 in the form of U.S. Treasuries was pledged to the fund.
(D)	The rate shown is the annualized seven-day yield as of 9-30-25.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Small Cap Stock Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.3%
Communication services – 1.6%
Interactive media and services – 1.1%
CarGurus, Inc. (A)	73,819	$	2,748,281
Media – 0.5%
Criteo SA, ADR (A)	40,059		905,333
MNTN, Inc. (A)(B)	24,665		457,536
			1,362,869
			4,111,150
Consumer discretionary – 12.9%
Automobile components – 2.3%
Modine Manufacturing Company (A)	25,731		3,657,919

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobile components (continued)
Visteon Corp.	16,607	$	1,990,515
			5,648,434
Broadline retail – 1.0%
Ollie's Bargain Outlet Holdings, Inc. (A)	19,952		2,561,837
Diversified consumer services – 2.2%
H&R Block, Inc.	48,174		2,436,159
Stride, Inc. (A)	20,037		2,984,311
			5,420,470
Hotels, restaurants and leisure – 3.2%
Genius Sports, Ltd. (A)	356,304		4,411,044
Life Time Group Holdings, Inc. (A)	99,804		2,754,590
Sweetgreen, Inc., Class A (A)(B)	37,674		300,639
Wingstop, Inc.	2,467		620,895
			8,087,168
Household durables – 1.5%
Champion Homes, Inc. (A)	49,515		3,781,461
Specialty retail – 2.7%
Boot Barn Holdings, Inc. (A)	25,090		4,157,915
Five Below, Inc. (A)	17,756		2,746,853
			6,904,768
			32,404,138
Consumer staples – 2.7%
Beverages – 0.8%
The Vita Coco Company, Inc. (A)	45,614		1,937,227
Consumer staples distribution and retail – 0.6%
Guardian Pharmacy Services, Inc., Class A (A)	62,831		1,648,057
Food products – 0.2%
Freshpet, Inc. (A)	8,521		469,592
Personal care products – 1.1%
BellRing Brands, Inc. (A)	37,371		1,358,436
Oddity Tech, Ltd., Class A (A)	20,975		1,306,743
			2,665,179
			6,720,055
Energy – 1.7%
Energy equipment and services – 0.5%
Cactus, Inc., Class A	33,968		1,340,717
Oil, gas and consumable fuels – 1.2%
Viper Energy, Inc., Class A	77,346		2,956,164
			4,296,881
Financials – 9.2%
Banks – 2.5%
Cadence Bank	84,186		3,160,342
Seacoast Banking Corp. of Florida	105,813		3,219,890
			6,380,232
Capital markets – 3.3%
Hamilton Lane, Inc., Class A	23,124		3,116,884
PJT Partners, Inc., Class A	29,062		5,165,189
			8,282,073
Consumer finance – 0.4%
Dave, Inc. (A)	4,559		908,837
Financial services – 1.1%
HA Sustainable Infrastructure Capital, Inc.	94,504		2,901,273
Insurance – 1.9%
Beazley PLC	77,055		942,380
SiriusPoint, Ltd. (A)	210,678		3,811,165
			4,753,545
			23,225,960

 

200

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care – 24.2%
Biotechnology – 13.1%
Akero Therapeutics, Inc. (A)	24,925	$	1,183,439
Amicus Therapeutics, Inc. (A)	122,002		961,376
Apellis Pharmaceuticals, Inc. (A)	34,937		790,624
Apogee Therapeutics, Inc. (A)	24,517		974,060
Avidity Biosciences, Inc. (A)	45,835		1,997,031
Bridgebio Pharma, Inc. (A)	18,786		975,745
Celldex Therapeutics, Inc. (A)	52,000		1,345,240
CG Oncology, Inc. (A)	35,291		1,421,521
Cytokinetics, Inc. (A)	28,599		1,571,801
Disc Medicine, Inc. (A)	24,232		1,601,251
Insmed, Inc. (A)	38,865		5,596,949
Kymera Therapeutics, Inc. (A)	23,837		1,349,174
Merus NV (A)	11,080		1,043,182
Mineralys Therapeutics, Inc. (A)	29,700		1,126,224
Nuvalent, Inc., Class A (A)	14,286		1,235,453
Protagonist Therapeutics, Inc. (A)	27,178		1,805,435
PTC Therapeutics, Inc. (A)	30,905		1,896,640
REVOLUTION Medicines, Inc. (A)	56,540		2,640,418
Scholar Rock Holding Corp. (A)	29,870		1,112,359
Soleno Therapeutics, Inc. (A)	16,170		1,093,092
Vaxcyte, Inc. (A)	33,468		1,205,517
			32,926,531
Health care equipment and supplies – 2.9%
Glaukos Corp. (A)	30,239		2,465,990
Lantheus Holdings, Inc. (A)	31,926		1,637,485
PROCEPT BioRobotics Corp. (A)(B)	40,527		1,446,409
TransMedics Group, Inc. (A)	14,633		1,641,823
			7,191,707
Health care providers and services – 6.0%
Alignment Healthcare, Inc. (A)	241,030		4,205,974
GeneDx Holdings Corp. (A)	23,301		2,510,450
HealthEquity, Inc. (A)	37,591		3,562,499
Hims & Hers Health, Inc. (A)	15,400		873,488
PACS Group, Inc. (A)	81,684		1,121,521
The Ensign Group, Inc.	16,231		2,804,230
			15,078,162
Life sciences tools and services – 0.4%
Adaptive Biotechnologies Corp. (A)	69,130		1,034,185
Pharmaceuticals – 1.8%
Axsome Therapeutics, Inc. (A)	15,228		1,849,441
Crinetics Pharmaceuticals, Inc. (A)	47,596		1,982,373
Structure Therapeutics, Inc., ADR (A)	24,723		692,244
			4,524,058
			60,754,643
Industrials – 23.5%
Aerospace and defense – 2.6%
Curtiss-Wright Corp.	7,319		3,973,778
StandardAero, Inc. (A)	65,135		1,777,534
Voyager Technologies, Inc., Class A (A)(B)	23,014		685,357
			6,436,669
Building products – 2.3%
Zurn Elkay Water Solutions Corp.	122,491		5,760,752
Commercial services and supplies – 1.5%
Casella Waste Systems, Inc., Class A (A)	38,264		3,630,488
The GEO Group, Inc. (A)	5,255		107,675
			3,738,163
Construction and engineering – 3.2%
Ameresco, Inc., Class A (A)(B)	143,389		4,815,002
Comfort Systems USA, Inc.	2,197		1,812,920

Small Cap Stock Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
Fluor Corp. (A)	36,576	$	1,538,752
			8,166,674
Electrical equipment – 3.5%
Acuity, Inc.	12,941		4,456,751
NEXTracker, Inc., Class A (A)	58,096		4,298,523
			8,755,274
Professional services – 5.7%
ExlService Holdings, Inc. (A)	100,302		4,416,297
TriNet Group, Inc.	22,208		1,485,493
Verra Mobility Corp. (A)	250,130		6,178,211
WNS Holdings, Ltd. (A)	28,892		2,203,593
			14,283,594
Trading companies and distributors – 4.7%
Applied Industrial Technologies, Inc.	15,429		4,027,740
DXP Enterprises, Inc. (A)	26,113		3,109,275
Rush Enterprises, Inc., Class A (B)	39,924		2,134,736
Xometry, Inc., Class A (A)	49,297		2,685,208
			11,956,959
			59,098,085
Information technology – 16.0%
Communications equipment – 1.5%
Calix, Inc. (A)	61,203		3,756,028
Electronic equipment, instruments and components – 0.9%
Fabrinet (A)	6,123		2,232,568
Semiconductors and semiconductor equipment – 6.2%
Credo Technology Group Holding, Ltd. (A)	25,618		3,730,237
MKS, Inc.	25,670		3,177,176
SiTime Corp. (A)	25,108		7,565,291
Universal Display Corp.	6,956		999,090
			15,471,794
Software – 7.4%
Agilysys, Inc. (A)	19,306		2,031,957
Amplitude, Inc., Class A (A)	180,753		1,937,672
AvePoint, Inc. (A)	214,320		3,216,943
Clearwater Analytics Holdings, Inc., Class A (A)	83,996		1,513,608
CyberArk Software, Ltd. (A)	5,868		2,835,124
Freshworks, Inc., Class A (A)	188,969		2,224,165
Intapp, Inc. (A)	67,494		2,760,505
Rubrik, Inc., Class A (A)	14,267		1,173,461
ServiceTitan, Inc., Class A (A)	9,752		983,294
			18,676,729
			40,137,119
Materials – 3.2%
Chemicals – 1.8%
Cabot Corp.	61,461		4,674,109
Construction materials – 1.0%
James Hardie Industries PLC (A)	128,916		2,476,476
Metals and mining – 0.4%
MP Materials Corp. (A)	15,482		1,038,378
			8,188,963
Real estate – 3.3%
Health care REITs – 1.8%
American Healthcare REIT, Inc.	110,222		4,630,426
Retail REITs – 1.5%
Phillips Edison & Company, Inc.	106,916		3,670,426
			8,300,852
TOTAL COMMON STOCKS (Cost $204,738,857)		$	247,237,846

 

201

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Cap Stock Trust (continued)

		Shares or Principal Amount	Value
EXCHANGE-TRADED FUNDS – 0.7%
iShares Russell 2000 Growth ETF (B)		5,107	$	1,634,444
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,591,255)			$	1,634,444
SHORT-TERM INVESTMENTS – 1.5%
Short-term funds – 0.9%
John Hancock Collateral Trust, 4.0668% (C)(D)		215,539		2,156,120
Repurchase agreement – 0.6%
Societe Generale SA Tri-Party Repurchase Agreement dated 9-30-25 at 4.200% to be repurchased at $1,600,187 on 10-1-25, collateralized by $1,902,200 U.S. Treasury Bonds, 3.375% due 8-15-42 (valued at $1,632,066)	$	1,600,000		1,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,756,166)			$	3,756,120
Total Investments (Small Cap Stock Trust) (Cost $210,086,278) – 100.5%			$	252,628,410
Other assets and liabilities, net – (0.5%)				(1,172,585)
TOTAL NET ASSETS – 100.0%			$	251,455,825

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $6,146,234. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $4,126,376 in the form of U.S. Treasuries was pledged to the fund.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 – 99.1%
Communication services – 2.0%
Entertainment – 1.2%
Liberty Media Corp.-Liberty Live, Series C (A)	10,102	$	979,591
Madison Square Garden Sports Corp. (A)	2,557		580,439
			1,560,030
Media – 0.8%
The New York Times Company, Class A	17,629		1,011,905
			2,571,935
Consumer discretionary – 10.9%
Automobile components – 1.3%
Dorman Products, Inc. (A)	3,968		618,532
Visteon Corp.	8,665		1,038,587
			1,657,119
Broadline retail – 0.4%
Savers Value Village, Inc. (A)(B)	41,418		548,789
Diversified consumer services – 1.2%
Coursera, Inc. (A)	22,495		263,416
Strategic Education, Inc.	14,448		1,242,672
			1,506,088
Hotels, restaurants and leisure – 1.4%
Black Rock Coffee Bar, Inc. (A)	4,704		112,237

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Dutch Bros, Inc., Class A (A)	8,296	$	434,213
Marriott Vacations Worldwide Corp.	7,731		514,575
Papa John's International, Inc.	11,649		560,899
Wingstop, Inc.	812		204,364
			1,826,288
Household durables – 1.8%
Champion Homes, Inc. (A)	7,322		559,181
Meritage Homes Corp.	6,417		464,783
Taylor Morrison Home Corp. (A)	19,873		1,311,817
			2,335,781
Leisure products – 0.7%
Peloton Interactive, Inc., Class A (A)	96,994		872,946
Specialty retail – 2.8%
Abercrombie & Fitch Company, Class A (A)	5,732		490,373
Advance Auto Parts, Inc.	5,661		347,585
Boot Barn Holdings, Inc. (A)	2,411		399,551
Carvana Company (A)	1,780		671,487
Chewy, Inc., Class A (A)	12,695		513,513
Urban Outfitters, Inc. (A)	8,180		584,297
Victoria's Secret & Company (A)	19,184		520,654
			3,527,460
Textiles, apparel and luxury goods – 1.3%
Figs, Inc., Class A (A)	68,270		456,726
Kontoor Brands, Inc.	6,176		492,660
Steven Madden, Ltd.	20,170		675,292
			1,624,678
			13,899,149
Consumer staples – 1.7%
Consumer staples distribution and retail – 0.4%
Grocery Outlet Holding Corp. (A)	33,366		535,524
Food products – 0.7%
Post Holdings, Inc. (A)	7,810		839,419
Household products – 0.4%
Reynolds Consumer Products, Inc.	20,477		501,072
Tobacco – 0.2%
Turning Point Brands, Inc.	3,239		320,208
			2,196,223
Energy – 6.7%
Energy equipment and services – 2.6%
Cactus, Inc., Class A	12,820		506,005
Enerflex, Ltd.	65,896		710,359
Expro Group Holdings NV (A)	45,497		540,504
Noble Corp. PLC	18,722		529,458
TechnipFMC PLC	27,993		1,104,324
			3,390,650
Oil, gas and consumable fuels – 4.1%
Magnolia Oil & Gas Corp., Class A	30,838		736,103
Matador Resources Company	25,067		1,126,260
PBF Energy, Inc., Class A	26,653		804,121
Permian Resources Corp.	63,960		818,688
Range Resources Corp.	28,269		1,064,045
Scorpio Tankers, Inc.	11,762		659,260
			5,208,477
			8,599,127
Financials – 27.7%
Banks – 18.5%
Avidia Bancorp, Inc. (A)(B)	30,281		452,398
Banc of California, Inc.	65,177		1,078,679
BankUnited, Inc.	18,861		719,736

 

202

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Cathay General Bancorp	14,931	$	716,837
Coastal Financial Corp. (A)	10,715		1,159,042
Columbia Banking System, Inc.	81,063		2,086,562
Eastern Bankshares, Inc.	67,123		1,218,282
FB Financial Corp.	26,049		1,451,971
Flagstar Financial, Inc.	94,426		1,090,620
Home BancShares, Inc.	41,421		1,172,214
Live Oak Bancshares, Inc.	30,270		1,066,109
National Bank Holdings Corp., Class A	12,438		480,604
Pinnacle Financial Partners, Inc.	23,394		2,194,124
Popular, Inc.	8,232		1,045,546
Preferred Bank	8,496		767,953
Southern First Bancshares, Inc. (A)	7,336		323,664
SouthState Bank Corp.	13,563		1,340,974
Synovus Financial Corp.	13,578		666,408
Texas Capital Bancshares, Inc. (A)	14,900		1,259,497
Towne Bank	31,720		1,096,560
Western Alliance Bancorp	17,623		1,528,267
WSFS Financial Corp.	12,406		669,056
			23,585,103
Capital markets – 1.9%
Bullish (A)(B)	1,390		88,418
Houlihan Lokey, Inc.	7,920		1,626,134
Miami International Holdings, Inc. (A)	2,364		95,175
StepStone Group, Inc., Class A	9,527		622,208
			2,431,935
Consumer finance – 0.4%
PRA Group, Inc. (A)	34,092		526,380
Financial services – 3.8%
HA Sustainable Infrastructure Capital, Inc.	40,311		1,237,548
Marqeta, Inc., Class A (A)	101,777		537,383
PennyMac Financial Services, Inc.	15,668		1,940,952
Sezzle, Inc. (A)	3,900		310,167
Walker & Dunlop, Inc.	9,664		808,104
			4,834,154
Insurance – 2.7%
Accelerant Holdings (A)	7,936		118,167
Goosehead Insurance, Inc., Class A	4,587		341,365
Neptune Insurance Holdings Inc., Class A (A)	8,051		161,020
Oscar Health, Inc., Class A (A)	32,877		622,362
Primerica, Inc.	1,699		471,625
RLI Corp.	6,064		395,494
Root, Inc., Class A (A)	2,738		245,078
Ryan Specialty Holdings, Inc.	14,080		793,549
The Baldwin Insurance Group, Inc. (A)	10,959		309,153
			3,457,813
Mortgage real estate investment trusts – 0.4%
PennyMac Mortgage Investment Trust	43,471		532,954
			35,368,339
Health care – 9.4%
Biotechnology – 4.0%
Apellis Pharmaceuticals, Inc. (A)	4,912		111,159
Arcellx, Inc. (A)	5,437		446,378
Ascendis Pharma A/S, ADR (A)	1,937		385,095
Black Diamond Therapeutics, Inc. (A)	45,300		171,687
CRISPR Therapeutics AG (A)(B)	7,334		475,317
Cytokinetics, Inc. (A)	26,778		1,471,719
Immatics NV (A)(B)	61,776		526,332
Immunocore Holdings PLC, ADR (A)(B)	15,356		557,883
Immunovant, Inc. (A)	10,649		171,662
Sarepta Therapeutics, Inc. (A)	17,407		335,433

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Vaxcyte, Inc. (A)	11,182	$	402,776
			5,055,441
Health care equipment and supplies – 0.8%
Avanos Medical, Inc. (A)	38,499		445,048
QuidelOrtho Corp. (A)	21,507		633,381
			1,078,429
Health care providers and services – 2.3%
Alignment Healthcare, Inc. (A)	35,543		620,225
BrightSpring Health Services, Inc. (A)	23,507		694,867
Concentra Group Holdings Parent, Inc.	35,327		739,394
The Ensign Group, Inc.	4,821		832,924
			2,887,410
Health care technology – 0.5%
Doximity, Inc., Class A (A)	8,287		606,194
Life sciences tools and services – 0.6%
10X Genomics, Inc., Class A (A)	13,539		158,271
Sotera Health Company (A)	39,758		625,393
			783,664
Pharmaceuticals – 1.2%
Crinetics Pharmaceuticals, Inc. (A)	5,819		242,361
Elanco Animal Health, Inc. (A)	48,118		969,097
Perrigo Company PLC	13,659		304,186
			1,515,644
			11,926,782
Industrials – 13.5%
Aerospace and defense – 1.5%
Firefly Aerospace, Inc. (A)(B)	1,740		51,017
Leonardo DRS, Inc.	8,155		370,237
Mercury Systems, Inc. (A)	9,686		749,696
VSE Corp.	4,129		686,405
			1,857,355
Building products – 1.0%
UFP Industries, Inc.	6,857		641,061
Zurn Elkay Water Solutions Corp.	14,879		699,759
			1,340,820
Commercial services and supplies – 1.2%
Casella Waste Systems, Inc., Class A (A)	6,919		656,475
MSA Safety, Inc.	2,535		436,197
Pitney Bowes, Inc.	14,376		164,030
UniFirst Corp.	1,556		260,148
			1,516,850
Construction and engineering – 1.4%
Arcosa, Inc.	8,946		838,330
Valmont Industries, Inc.	1,711		663,406
WillScot Holdings Corp.	13,378		282,410
			1,784,146
Electrical equipment – 1.1%
NEXTracker, Inc., Class A (A)	13,491		998,199
Sunrun, Inc. (A)	22,027		380,847
			1,379,046
Ground transportation – 0.6%
Landstar System, Inc.	2,683		328,828
Saia, Inc. (A)	1,252		374,799
			703,627
Machinery – 3.6%
Aebi Schmidt Holding AG	31,721		395,561
Alamo Group, Inc.	1,662		317,276
Crane Company	3,192		587,775
Enpro, Inc.	2,510		567,260
Esab Corp.	4,318		482,493

 

203

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
ESCO Technologies, Inc.	2,623	$	553,742
Hillenbrand, Inc.	4,850		131,144
JBT Marel Corp.	4,145		582,165
RBC Bearings, Inc. (A)	2,523		984,702
			4,602,118
Marine transportation – 0.4%
Matson, Inc.	4,659		459,331
Passenger airlines – 0.5%
Allegiant Travel Company (A)	11,524		700,313
Professional services – 1.0%
FTI Consulting, Inc. (A)	2,490		402,509
UL Solutions, Inc., Class A	11,561		819,212
			1,221,721
Trading companies and distributors – 1.2%
Air Lease Corp.	5,378		342,310
Rush Enterprises, Inc., Class A	12,972		693,613
SiteOne Landscape Supply, Inc. (A)	4,352		560,538
			1,596,461
			17,161,788
Information technology – 7.8%
Communications equipment – 0.8%
Viavi Solutions, Inc. (A)	82,396		1,045,605
Electronic equipment, instruments and components – 2.5%
Littelfuse, Inc.	3,197		828,055
Mirion Technologies, Inc. (A)	54,834		1,275,439
PAR Technology Corp. (A)	10,378		410,761
Sanmina Corp. (A)	1,856		213,644
TTM Technologies, Inc. (A)	6,951		400,378
			3,128,277
IT services – 0.2%
Applied Digital Corp. (A)	11,970		274,592
Semiconductors and semiconductor equipment – 1.8%
Entegris, Inc.	4,686		433,268
Lattice Semiconductor Corp. (A)	10,280		753,730
MACOM Technology Solutions Holdings, Inc. (A)	6,412		798,230
Semtech Corp. (A)	3,868		276,369
			2,261,597
Software – 2.5%
Alarm.com Holdings, Inc. (A)	5,051		268,107
Hut 8 Corp. (A)	17,231		599,811
i3 Verticals, Inc., Class A (A)	12,719		412,859
Intapp, Inc. (A)	5,842		238,938
JFrog, Ltd. (A)	11,562		547,229
NCino, Inc. (A)	23,665		641,558
Workiva, Inc. (A)	5,838		502,535
			3,211,037
			9,921,108
Materials – 4.5%
Chemicals – 1.7%
Cabot Corp.	5,561		422,914
Element Solutions, Inc.	34,291		863,104
HB Fuller Company	6,626		392,789
Quaker Chemical Corp.	3,160		416,330
			2,095,137
Metals and mining – 2.6%
Commercial Metals Company	4,135		236,853
Constellium SE (A)	39,641		589,858
IAMGOLD Corp. (New York Stock Exchange) (A)	33,271		430,194
OR Royalties, Inc. (B)	11,694		468,696

Small Company Value Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Reliance, Inc.	3,331	$	935,445
Warrior Met Coal, Inc.	10,588		673,820
			3,334,866
Paper and forest products – 0.2%
West Fraser Timber Company, Ltd. (B)	3,620		246,088
			5,676,091
Real estate – 9.0%
Health care REITs – 0.8%
CareTrust REIT, Inc.	28,972		1,004,749
Hotel and resort REITs – 1.0%
Pebblebrook Hotel Trust	59,336		675,837
Ryman Hospitality Properties, Inc.	6,062		543,095
			1,218,932
Industrial REITs – 1.1%
EastGroup Properties, Inc.	3,333		564,144
Terreno Realty Corp.	15,575		883,881
			1,448,025
Office REITs – 1.6%
Highwoods Properties, Inc.	26,460		841,957
Hudson Pacific Properties, Inc. (A)	91,000		251,160
Kilroy Realty Corp.	23,951		1,011,930
			2,105,047
Real estate management and development – 0.5%
FirstService Corp.	3,485		663,858
Residential REITs – 0.9%
Independence Realty Trust, Inc.	69,284		1,135,565
Retail REITs – 2.1%
Curbline Properties Corp.	57,095		1,273,219
NETSTREIT Corp.	36,555		660,183
The Macerich Company	41,041		746,946
			2,680,348
Specialized REITs – 1.0%
CubeSmart	17,742		721,390
Safehold, Inc.	32,060		496,609
			1,217,999
			11,474,523
Utilities – 5.9%
Electric utilities – 2.2%
Hawaiian Electric Industries, Inc. (A)	51,368		567,103
IDACORP, Inc.	7,427		981,478
OGE Energy Corp.	17,154		793,716
Oklo, Inc. (A)(B)	4,706		525,331
			2,867,628
Gas utilities – 2.8%
Chesapeake Utilities Corp.	8,664		1,166,954
MDU Resources Group, Inc.	29,789		530,542
ONE Gas, Inc.	14,528		1,175,896
Southwest Gas Holdings, Inc.	9,219		722,216
			3,595,608
Water utilities – 0.9%
California Water Service Group	24,310		1,115,586
			7,578,822
TOTAL COMMON STOCKS (Cost $102,497,547)		$	126,373,887
SHORT-TERM INVESTMENTS – 3.2%
Short-term funds – 3.2%
John Hancock Collateral Trust, 4.0668% (C)(D)	339,834		3,399,492

 

204

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

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, 4.0784% (C)	520,533	$	520,533
T. Rowe Price Government Reserve Fund, 4.1621% (C)	223,890		223,890
TOTAL SHORT-TERM INVESTMENTS (Cost $4,143,974)		$	4,143,915
Total Investments (Small Company Value Trust) (Cost $106,641,521) – 102.3%		$	130,517,802
Other assets and liabilities, net – (2.3%)			(2,935,230)
TOTAL NET ASSETS – 100.0%		$	127,582,572

Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $3,305,625.
(C)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 – 95.8%
Communication services – 7.1%
Diversified telecommunication services – 1.0%
Anterix, Inc. (A)	1,195	$	25,657
AT&T, Inc.	469,096		13,247,271
ATN International, Inc.	1,341		20,075
Bandwidth, Inc., Class A (A)	3,266		54,444
BT Group PLC	684,053		1,759,859
Cellnex Telecom SA (A)(B)	56,569		1,959,405
Cogent Communications Holdings, Inc.	5,513		211,424
Deutsche Telekom AG	399,268		13,602,846
Elisa OYJ	16,271		854,037
Frontier Communications Parent, Inc. (A)	39,245		1,465,801
Globalstar, Inc. (A)	6,081		221,288
HKT Trust & HKT, Ltd.	433,529		640,981
IDT Corp., Class B	1,945		101,743
Infrastrutture Wireless Italiane SpA (B)	31,977		375,776
Iridium Communications, Inc.	16,637		290,482
Koninklijke KPN NV	444,846		2,135,056
Liberty Latin America, Ltd., Class A (A)	3,284		27,224
Liberty Latin America, Ltd., Class C (A)	15,554		131,276
Lumen Technologies, Inc. (A)	113,563		695,006
NTT, Inc.	3,418,054		3,572,962
Orange SA	212,991		3,454,923
Shenandoah Telecommunications Company	6,281		84,291
Singapore Telecommunications, Ltd.	850,058		2,717,692
Swisscom AG	2,963		2,153,656
Telecom Italia SpA (A)	1,315,095		689,033
Telefonica SA	421,583		2,169,551
Telenor ASA	70,432		1,168,712
Telia Company AB	269,872		1,029,553
Telstra Group, Ltd.	455,812		1,453,184
Uniti Group, Inc. (A)	17,439		106,727

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified telecommunication services (continued)
Verizon Communications, Inc.	276,368	$	12,146,374
			68,566,309
Entertainment – 1.3%
AMC Entertainment Holdings, Inc., Class A (A)(C)	52,998		153,694
Atlanta Braves Holdings, Inc., Series A (A)(C)	1,307		59,429
Atlanta Braves Holdings, Inc., Series C (A)	5,152		214,272
Bollore SE	80,404		455,982
Capcom Company, Ltd.	39,630		1,075,994
Cinemark Holdings, Inc.	12,272		343,861
CTS Eventim AG & Company KGaA	7,138		700,770
CuriosityStream, Inc.	3,673		19,467
Electronic Arts, Inc.	14,766		2,978,302
Eventbrite, Inc., Class A (A)	9,908		24,968
IMAX Corp. (A)	5,208		170,562
Konami Group Corp.	11,490		1,657,570
Lionsgate Studios Corp. (A)	25,036		172,748
Live Nation Entertainment, Inc. (A)	10,060		1,643,804
Madison Square Garden Entertainment Corp. (A)	4,806		217,423
Netflix, Inc. (A)	27,879		33,424,691
Nexon Company, Ltd.	37,674		826,778
Nintendo Company, Ltd.	126,269		10,924,697
Playtika Holding Corp.	7,420		28,864
Reservoir Media, Inc. (A)	2,998		24,404
Sphere Entertainment Company (A)	3,367		209,158
Spotify Technology SA (A)	17,488		12,206,624
Starz Entertainment Corp. (A)	1,684		24,805
Take-Two Interactive Software, Inc. (A)	11,517		2,975,532
The Marcus Corp.	2,931		45,460
The Walt Disney Company	117,932		13,503,214
TKO Group Holdings, Inc.	4,557		920,332
Toho Company, Ltd.	12,079		776,473
Universal Music Group NV	125,878		3,637,554
Warner Brothers Discovery, Inc. (A)	162,453		3,172,707
Warner Music Group Corp., Class A	22,873		779,054
			93,369,193
Interactive media and services – 3.9%
Alphabet, Inc., Class A	381,591		92,764,772
Alphabet, Inc., Class C	306,321		74,604,480
Angi, Inc. (A)	4,720		76,747
Auto Trader Group PLC (B)	99,792		1,060,118
Bumble, Inc., Class A (A)	9,007		54,853
CarGurus, Inc. (A)	9,943		370,178
Cars.com, Inc. (A)	7,121		87,019
carsales.com, Ltd.	43,225		1,051,265
EverQuote, Inc., Class A (A)	3,317		75,860
FuboTV, Inc. (A)(C)	40,467		167,938
Getty Images Holdings, Inc. (A)(C)	14,642		28,991
Grindr, Inc. (A)	4,133		62,078
LY Corp.	317,675		1,019,740
Match Group, Inc. (A)	16,670		588,784
MediaAlpha, Inc., Class A (A)	4,132		47,022
Meta Platforms, Inc., Class A	142,282		104,489,055
Nextdoor Holdings, Inc. (A)	27,248		56,948
QuinStreet, Inc. (A)	6,642		102,752
REA Group, Ltd.	6,045		924,390
Rumble, Inc. (A)(C)	12,672		91,745
Scout24 SE (B)	8,578		1,076,174
Shutterstock, Inc.	3,003		62,613
TripAdvisor, Inc. (A)	14,039		228,274
TrueCar, Inc. (A)	10,950		20,148
Vimeo, Inc. (A)	17,464		135,346

 

205

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Webtoon Entertainment, Inc. (A)(C)	2,223	$	43,148
Yelp, Inc. (A)	7,443		232,222
Ziff Davis, Inc. (A)	4,701		179,108
ZipRecruiter, Inc., Class A (A)	8,356		35,262
ZoomInfo Technologies, Inc. (A)	43,962		479,625
			280,216,655
Media – 0.4%
Advantage Solutions, Inc. (A)	11,760		17,993
Altice USA, Inc., Class A (A)	32,352		77,968
AMC Networks, Inc., Class A (A)	3,805		31,353
Boston Omaha Corp., Class A (A)	3,075		40,221
Cable One, Inc.	636		112,604
Charter Communications, Inc., Class A (A)	6,075		1,671,263
Comcast Corp., Class A	241,658		7,592,894
EchoStar Corp., Class A (A)	37,294		2,847,770
Entravision Communications Corp., Class A	8,121		18,922
Fox Corp., Class A	12,681		799,664
Fox Corp., Class B	8,966		513,662
Gambling.com Group, Ltd. (A)	2,271		18,577
Gannett Company, Inc. (A)	17,202		71,044
Gray Media, Inc.	10,673		61,690
Ibotta, Inc., Class A (A)	1,630		45,396
iHeartMedia, Inc., Class A (A)	15,053		43,202
Informa PLC	149,278		1,849,000
Integral Ad Science Holding Corp. (A)	9,453		96,137
John Wiley & Sons, Inc., Class A	4,971		201,176
Magnite, Inc. (A)	16,903		368,147
National CineMedia, Inc.	7,958		35,891
News Corp., Class A	25,645		787,558
News Corp., Class B	7,574		261,682
Newsmax, Inc. (A)(C)	1,316		16,318
Nexstar Media Group, Inc.	4,468		883,502
Nexxen International, Ltd. (A)	4,660		43,105
Omnicom Group, Inc.	13,263		1,081,332
Paramount Skydance Corp., Class B (C)	20,391		385,798
Publicis Groupe SA	26,181		2,519,485
PubMatic, Inc., Class A (A)	5,251		43,478
Scholastic Corp.	2,659		72,803
Sinclair, Inc.	4,794		72,389
Stagwell, Inc. (A)	14,470		81,466
TechTarget, Inc. (A)	3,506		20,370
TEGNA, Inc.	18,386		373,787
The EW Scripps Company, Class A (A)	7,455		18,339
The Interpublic Group of Companies, Inc.	25,134		701,490
The New York Times Company, Class A	25,405		1,458,247
The Trade Desk, Inc., Class A (A)	28,022		1,373,358
Thryv Holdings, Inc. (A)	4,619		55,705
WideOpenWest, Inc. (A)	6,812		35,150
WPP PLC	123,398		615,103
			27,415,039
Wireless telecommunication services – 0.5%
Gogo, Inc. (A)	9,563		82,146
KDDI Corp.	359,273		5,729,875
SoftBank Corp.	3,280,832		4,825,444
SoftBank Group Corp.	109,296		13,791,025
Spok Holdings, Inc.	2,584		44,574
Tele2 AB, B Shares	62,620		1,068,209
Telephone & Data Systems, Inc.	11,837		464,484
T-Mobile US, Inc.	31,765		7,603,906

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Wireless telecommunication services (continued)
Vodafone Group PLC	2,227,387	$	2,590,230
			36,199,893
			505,767,089
Consumer discretionary – 10.0%
Automobile components – 0.3%
Adient PLC (A)	10,204		245,712
Aisin Corp.	56,435		974,640
American Axle & Manufacturing Holdings, Inc. (A)	14,014		84,224
Aptiv PLC (A)	14,801		1,276,142
Aumovio SE (A)	6,292		259,415
Autoliv, Inc.	11,079		1,368,257
Bridgestone Corp.	65,310		3,018,506
Cie Generale des Etablissements Michelin SCA	76,693		2,762,002
Continental AG	12,583		832,441
Cooper-Standard Holdings, Inc. (A)	2,070		76,445
Dana, Inc.	15,990		320,440
Denso Corp.	199,786		2,875,257
Dorman Products, Inc. (A)	3,267		509,260
Fox Factory Holding Corp. (A)	5,134		124,705
Garrett Motion, Inc.	16,127		219,650
Gentex Corp.	34,413		973,888
Gentherm, Inc. (A)	3,746		127,589
Holley, Inc. (A)	7,936		24,919
LCI Industries	2,957		275,445
Lear Corp.	8,342		839,289
Modine Manufacturing Company (A)	6,253		888,926
Motorcar Parts of America, Inc. (A)	1,528		25,273
Patrick Industries, Inc.	3,904		403,791
PHINIA, Inc.	4,484		257,740
Solid Power, Inc. (A)(C)	17,742		61,565
Standard Motor Products, Inc.	2,579		105,275
Strattec Security Corp. (A)	461		31,376
Sumitomo Electric Industries, Ltd.	81,734		2,325,663
The Goodyear Tire & Rubber Company (A)	76,385		571,360
Visteon Corp.	7,580		908,539
XPEL, Inc. (A)	2,966		98,086
			22,865,820
Automobiles – 2.0%
Bayerische Motoren Werke AG	32,093		3,234,569
Faraday Future Intelligent Electric, Inc. (A)(C)	10,204		13,265
Ferrari NV	14,418		6,988,705
Ford Motor Company	255,483		3,055,577
General Motors Company	62,296		3,798,187
Harley-Davidson, Inc.	19,058		531,718
Honda Motor Company, Ltd. (C)	452,969		4,674,334
Isuzu Motors, Ltd.	61,214		771,502
Livewire Group, Inc. (A)(C)	4,551		21,617
Mercedes-Benz Group AG	82,607		5,206,718
Nissan Motor Company, Ltd. (A)	254,901		619,914
Renault SA	21,986		904,029
Stellantis NV	230,642		2,140,719
Subaru Corp.	67,081		1,367,064
Suzuki Motor Corp.	179,778		2,617,366
Tesla, Inc. (A)	184,072		81,860,481
Thor Industries, Inc.	8,342		864,982
Toyota Motor Corp.	1,084,037		20,820,514
Winnebago Industries, Inc.	3,336		111,556

 

206

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobiles (continued)
Yamaha Motor Company, Ltd.	104,816	$	784,785
			140,387,602
Broadline retail – 2.5%
Amazon.com, Inc. (A)	636,600		139,778,262
eBay, Inc.	29,952		2,724,134
Groupon, Inc. (A)	3,033		70,821
Kohl's Corp. (C)	13,156		202,208
Macy's, Inc.	42,573		763,334
Next PLC	13,351		2,225,662
Ollie's Bargain Outlet Holdings, Inc. (A)	9,617		1,234,823
Pan Pacific International Holdings Corp.	217,995		1,435,266
Prosus NV (A)	149,664		10,583,494
Rakuten Group, Inc. (A)	173,239		1,123,396
Ryohin Keikaku Company, Ltd.	57,811		1,150,274
Savers Value Village, Inc. (A)	4,532		60,049
Sea, Ltd., ADR (A)	43,758		7,820,867
Wesfarmers, Ltd.	129,803		7,896,346
			177,068,936
Distributors – 0.0%
A-Mark Precious Metals, Inc.	2,295		59,372
D'ieteren Group	2,457		461,174
Genuine Parts Company	9,435		1,307,691
GigaCloud Technology, Inc., Class A (A)	2,855		81,082
LKQ Corp.	17,549		535,946
Pool Corp.	2,129		660,139
Weyco Group, Inc.	770		23,169
			3,128,573
Diversified consumer services – 0.2%
Adtalem Global Education, Inc. (A)	4,213		650,698
American Public Education, Inc. (A)	2,111		83,321
Carriage Services, Inc.	1,691		75,317
Coursera, Inc. (A)	16,817		196,927
Duolingo, Inc. (A)	6,224		2,003,132
frontdoor, Inc. (A)	8,824		593,767
Graham Holdings Company, Class B	915		1,077,239
Grand Canyon Education, Inc. (A)	4,349		954,692
H&R Block, Inc.	20,991		1,061,515
KinderCare Learning Cos, Inc. (A)	4,001		26,567
Laureate Education, Inc. (A)	15,465		487,766
Lincoln Educational Services Corp. (A)	3,678		86,433
Matthews International Corp., Class A	3,697		89,763
McGraw Hill, Inc. (A)(C)	2,576		32,329
Mister Car Wash, Inc. (A)	12,589		67,099
OneSpaWorld Holdings, Ltd.	11,463		242,328
Pearson PLC	67,080		953,949
Perdoceo Education Corp.	7,382		278,006
Service Corp. International	21,988		1,829,841
Strategic Education, Inc.	2,712		233,259
Stride, Inc. (A)	5,075		755,871
Udemy, Inc. (A)	11,974		83,938
Universal Technical Institute, Inc. (A)	5,777		188,041
			12,051,798
Hotels, restaurants and leisure – 1.7%
Accel Entertainment, Inc. (A)	7,012		77,623
Accor SA	22,416		1,064,993
Airbnb, Inc., Class A (A)	28,170		3,420,401
Amadeus IT Group SA	51,531		4,096,185
Aramark	41,211		1,582,502
Aristocrat Leisure, Ltd.	64,216		2,972,780
Biglari Holdings, Inc., Class B (A)	85		27,510
BJ's Restaurants, Inc. (A)	2,131		65,059
Bloomin' Brands, Inc.	10,290		73,779
Booking Holdings, Inc.	2,127		11,484,247
Boyd Gaming Corp.	9,303		804,244

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Brightstar Lottery PLC	13,426	$	231,599
Brinker International, Inc. (A)	5,256		665,830
Carnival Corp. (A)	71,374		2,063,422
Cava Group, Inc. (A)	15,635		944,510
Chipotle Mexican Grill, Inc. (A)	88,228		3,457,655
Choice Hotels International, Inc. (C)	3,240		346,388
Churchill Downs, Inc.	10,445		1,013,269
Compass Group PLC	194,163		6,618,189
Cracker Barrel Old Country Store, Inc. (C)	2,680		118,081
Darden Restaurants, Inc.	7,426		1,413,613
Dave & Buster's Entertainment, Inc. (A)	3,315		60,200
Delivery Hero SE (A)(B)	21,980		631,141
Denny's Corp. (A)	6,487		33,927
Dine Brands Global, Inc.	1,851		45,757
Domino's Pizza, Inc.	2,059		888,891
DoorDash, Inc., Class A (A)	24,305		6,610,717
El Pollo Loco Holdings, Inc. (A)	3,257		31,593
Entain PLC	69,499		821,371
Evolution AB (B)	16,371		1,347,725
Expedia Group, Inc.	7,755		1,657,631
FDJ UNITED	12,716		426,395
First Watch Restaurant Group, Inc. (A)	5,631		88,069
Galaxy Entertainment Group, Ltd.	250,212		1,375,755
Genius Sports, Ltd. (A)	25,970		321,509
Genting Singapore, Ltd.	691,654		394,311
Global Business Travel Group I (A)	11,882		96,007
Golden Entertainment, Inc.	2,383		56,191
Hilton Grand Vacations, Inc. (A)	16,415		686,311
Hilton Worldwide Holdings, Inc.	15,484		4,017,169
Hyatt Hotels Corp., Class A	6,638		942,131
Inspired Entertainment, Inc. (A)	3,172		29,753
InterContinental Hotels Group PLC	16,804		2,031,777
Jack in the Box, Inc.	2,385		47,151
Krispy Kreme, Inc. (C)	9,876		38,220
Kura Sushi USA, Inc., Class A (A)	763		45,330
Las Vegas Sands Corp.	20,276		1,090,646
Life Time Group Holdings, Inc. (A)	16,347		451,177
Light & Wonder, Inc. (A)	13,162		1,104,818
Lindblad Expeditions Holdings, Inc. (A)	4,683		59,942
Marriott International, Inc., Class A	14,808		3,856,596
Marriott Vacations Worldwide Corp.	7,478		497,736
McDonald's Corp.	46,874		14,244,540
MGM Resorts International (A)	14,060		487,320
Monarch Casino & Resort, Inc.	1,537		162,676
Nathan's Famous, Inc.	330		36,544
Norwegian Cruise Line Holdings, Ltd. (A)	30,373		748,087
Oriental Land Company, Ltd.	123,568		2,974,660
Papa John's International, Inc.	3,953		190,337
Planet Fitness, Inc., Class A (A)	13,157		1,365,697
Portillo's, Inc., Class A (A)	6,943		44,782
Potbelly Corp. (A)	3,143		53,557
Pursuit Attractions and Hospitality, Inc. (A)	2,618		94,719
RCI Hospitality Holdings, Inc.	995		30,357
Red Rock Resorts, Inc., Class A	5,854		357,445
Royal Caribbean Cruises, Ltd.	16,586		5,366,898
Rush Street Interactive, Inc. (A)	10,708		219,300
Sabre Corp. (A)	44,761		81,913
Sands China, Ltd.	277,743		771,763
Serve Robotics, Inc. (A)(C)	5,684		66,105
Shake Shack, Inc., Class A (A)	4,681		438,188
Six Flags Entertainment Corp. (A)	11,654		264,779
Sodexo SA	10,120		638,514

 

207

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Hotels, restaurants and leisure (continued)
Starbucks Corp.	74,656	$	6,315,898
Super Group SGHC, Ltd.	19,343		255,328
Sweetgreen, Inc., Class A (A)	12,592		100,484
Target Hospitality Corp. (A)	4,130		35,022
Texas Roadhouse, Inc.	10,419		1,731,117
The Cheesecake Factory, Inc.	5,502		300,629
The Lottery Corp., Ltd.	254,601		988,659
Travel + Leisure Company	10,178		605,489
United Parks & Resorts, Inc. (A)	3,237		167,353
Vail Resorts, Inc.	5,825		871,245
Whitbread PLC	20,007		868,026
Wingstop, Inc.	4,378		1,101,855
Wyndham Hotels & Resorts, Inc.	11,971		956,483
Wynn Resorts, Ltd.	5,084		652,125
Xponential Fitness, Inc., Class A (A)	3,449		26,868
Yum! Brands, Inc.	18,149		2,758,648
Zensho Holdings Company, Ltd.	11,032		720,691
			119,421,927
Household durables – 0.7%
Barratt Redrow PLC	156,454		823,130
Beazer Homes USA, Inc. (A)	3,541		86,932
Cavco Industries, Inc. (A)	921		534,852
Century Communities, Inc.	3,058		193,785
Champion Homes, Inc. (A)	6,855		523,516
Cricut, Inc., Class A	5,921		37,243
D.R. Horton, Inc.	18,141		3,074,355
Dream Finders Homes, Inc., Class A (A)	3,758		97,407
Ethan Allen Interiors, Inc.	2,946		86,789
Flexsteel Industries, Inc.	507		23,499
Garmin, Ltd.	10,944		2,694,632
Green Brick Partners, Inc. (A)	3,868		285,690
Hamilton Beach Brands Holding Company, Class B	853		12,258
Helen of Troy, Ltd. (A)	2,873		72,400
Hovnanian Enterprises, Inc., Class A (A)	595		76,452
Installed Building Products, Inc.	2,790		688,181
KB Home	18,535		1,179,567
La-Z-Boy, Inc.	5,103		175,135
Legacy Housing Corp. (A)	1,148		31,581
Leggett & Platt, Inc.	16,416		145,774
Lennar Corp., Class A	14,952		1,884,550
LGI Homes, Inc. (A)	2,587		133,774
M/I Homes, Inc. (A)	3,082		445,164
Meritage Homes Corp.	8,391		607,760
Mohawk Industries, Inc. (A)	3,528		454,830
NVR, Inc. (A)	185		1,486,412
Panasonic Holdings Corp.	266,727		2,895,079
PulteGroup, Inc.	12,798		1,691,000
Sekisui House, Ltd.	68,263		1,552,477
Somnigroup International, Inc.	32,907		2,775,047
Sonos, Inc. (A)	14,421		227,852
Sony Group Corp.	703,454		20,221,983
Taylor Morrison Home Corp. (A)	27,025		1,783,920
The Lovesac Company (A)	1,690		28,612
Toll Brothers, Inc.	15,393		2,126,389
TopBuild Corp. (A)	4,387		1,714,703
Tri Pointe Homes, Inc. (A)	10,219		347,139
Whirlpool Corp. (C)	8,763		688,772
			51,908,641
Leisure products – 0.1%
Acushnet Holdings Corp.	3,152		247,400
Bandai Namco Holdings, Inc.	66,916		2,226,396
Brunswick Corp.	10,243		647,767
Escalade, Inc.	1,510		18,981
Funko, Inc., Class A (A)	4,358		14,992

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Leisure products (continued)
Hasbro, Inc.	8,954	$	679,161
JAKKS Pacific, Inc.	1,111		20,809
Johnson Outdoors, Inc., Class A	717		28,960
Latham Group, Inc. (A)	5,566		42,357
Malibu Boats, Inc., Class A (A)	2,382		77,296
MasterCraft Boat Holdings, Inc. (A)	2,226		47,770
Mattel, Inc. (A)	50,516		850,184
Peloton Interactive, Inc., Class A (A)	45,846		412,614
Polaris, Inc.	14,844		862,882
Shimano, Inc.	8,528		953,077
Smith & Wesson Brands, Inc.	5,522		54,281
Sturm Ruger & Company, Inc.	1,971		85,679
Topgolf Callaway Brands Corp. (A)	16,106		153,007
YETI Holdings, Inc. (A)	12,735		422,547
			7,846,160
Specialty retail – 1.6%
Abercrombie & Fitch Company, Class A (A)	13,149		1,124,897
Academy Sports & Outdoors, Inc.	7,990		399,660
Advance Auto Parts, Inc.	7,261		445,825
American Eagle Outfitters, Inc.	19,625		335,784
America's Car-Mart, Inc. (A)	961		28,071
Arhaus, Inc. (A)	6,252		66,459
Arko Corp.	9,770		44,649
Asbury Automotive Group, Inc. (A)	2,366		578,369
AutoNation, Inc. (A)	4,434		970,026
AutoZone, Inc. (A)	1,100		4,719,264
Avolta AG (A)	10,057		549,149
Bath & Body Works, Inc.	33,178		854,665
Bed Bath & Beyond, Inc. (A)	6,749		66,073
Best Buy Company, Inc.	13,095		990,244
Boot Barn Holdings, Inc. (A)	3,652		605,209
Build-A-Bear Workshop, Inc.	1,508		98,337
Burlington Stores, Inc. (A)	9,769		2,486,211
Caleres, Inc.	3,985		51,964
Camping World Holdings, Inc., Class A	7,336		115,835
CarMax, Inc. (A)	10,356		464,674
Chewy, Inc., Class A (A)	34,948		1,413,647
Citi Trends, Inc. (A)	635		19,704
Dick's Sporting Goods, Inc.	10,482		2,329,310
EVgo, Inc. (A)	15,726		74,384
Fast Retailing Company, Ltd.	21,840		6,633,060
Five Below, Inc. (A)	8,632		1,335,370
Floor & Decor Holdings, Inc., Class A (A)	16,884		1,244,351
GameStop Corp., Class A (A)	64,525		1,760,242
Genesco, Inc. (A)	1,255		36,382
Group 1 Automotive, Inc.	1,481		647,952
Haverty Furniture Companies, Inc.	1,707		37,435
Hennes & Mauritz AB, B Shares (C)	64,519		1,206,098
Industria de Diseno Textil SA	124,775		6,905,528
J. Jill, Inc.	965		16,550
JD Sports Fashion PLC	290,184		373,568
Kingfisher PLC	200,776		836,386
Lands' End, Inc. (A)	1,533		21,615
Lithia Motors, Inc.	4,019		1,270,004
Lowe's Companies, Inc.	36,770		9,240,669
MarineMax, Inc. (A)	2,351		59,551
Monro, Inc.	3,697		66,435
Murphy USA, Inc.	2,752		1,068,492
National Vision Holdings, Inc. (A)	9,436		275,437
Nitori Holdings Company, Ltd.	45,820		885,944
OneWater Marine, Inc., Class A (A)	1,510		23,918
O'Reilly Automotive, Inc. (A)	55,753		6,010,731
Penske Automotive Group, Inc.	2,899		504,165

 

208

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Petco Health & Wellness Company, Inc. (A)	9,545	$	36,939
Revolve Group, Inc. (A)	4,924		104,881
RH (A)	2,408		489,209
Ross Stores, Inc.	21,500		3,276,385
Sally Beauty Holdings, Inc. (A)	12,362		201,253
Sanrio Company, Ltd.	20,451		959,971
Shoe Carnival, Inc.	2,235		46,466
Signet Jewelers, Ltd.	4,740		454,661
Sleep Number Corp. (A)	2,591		18,189
Sonic Automotive, Inc., Class A	1,790		136,201
Stitch Fix, Inc., Class A (A)	13,061		56,815
The Buckle, Inc.	3,761		220,620
The Gap, Inc.	35,680		763,195
The Home Depot, Inc.	65,272		26,447,562
The ODP Corp. (A)	3,385		94,272
The RealReal, Inc. (A)	11,548		122,755
The TJX Companies, Inc.	73,297		10,594,348
ThredUp, Inc., Class A (A)	11,056		104,479
Tile Shop Holdings, Inc. (A)	4,255		25,743
Tractor Supply Company	34,168		1,943,134
Ulta Beauty, Inc. (A)	2,860		1,563,705
Upbound Group, Inc.	6,406		151,374
Urban Outfitters, Inc. (A)	7,246		517,582
Valvoline, Inc. (A)	19,930		715,686
Victoria's Secret & Company (A)	8,265		224,312
Warby Parker, Inc., Class A (A)	11,907		328,395
Williams-Sonoma, Inc.	7,794		1,523,337
Winmark Corp.	362		180,193
Zalando SE (A)(B)	25,685		788,227
ZOZO, Inc.	51,019		468,796
Zumiez, Inc. (A)	1,969		38,612
			111,889,590
Textiles, apparel and luxury goods – 0.9%
adidas AG	19,560		4,144,402
Asics Corp.	79,814		2,088,531
Capri Holdings, Ltd. (A)	32,779		652,958
Carter's, Inc.	4,340		122,475
Cie Financiere Richemont SA, A Shares	61,492		11,804,391
Columbia Sportswear Company	4,036		211,083
Crocs, Inc. (A)	8,563		715,439
Deckers Outdoor Corp. (A)	9,384		951,256
Ermenegildo Zegna NV	7,889		74,551
Figs, Inc., Class A (A)	10,847		72,566
G-III Apparel Group, Ltd. (A)	4,731		125,892
Hanesbrands, Inc. (A)	42,525		280,240
Hermes International SCA	3,623		8,909,101
Kering SA	8,515		2,853,354
Kontoor Brands, Inc.	6,651		530,550
Lakeland Industries, Inc.	1,371		20,291
Lululemon Athletica, Inc. (A)	6,837		1,216,507
LVMH Moet Hennessy Louis Vuitton SE	28,605		17,602,985
Moncler SpA	26,720		1,572,562
Movado Group, Inc.	1,859		35,265
NIKE, Inc., Class B	77,887		5,431,061
Oxford Industries, Inc.	1,730		70,134
Pandora A/S	9,037		1,181,564
PVH Corp.	7,537		631,374
Ralph Lauren Corp.	2,711		850,061
Rocky Brands, Inc.	919		27,377
Steven Madden, Ltd.	8,703		291,376
Superior Group of Companies, Inc.	1,661		17,806
Tapestry, Inc.	14,118		1,598,440
The Swatch Group AG, Bearer Shares	3,310		625,583
Under Armour, Inc., Class A (A)(C)	29,607		147,739

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Textiles, apparel and luxury goods (continued)
Under Armour, Inc., Class C (A)	19,012	$	91,828
VF Corp.	51,444		742,337
Wolverine World Wide, Inc.	9,739		267,238
			65,958,317
			712,527,364
Consumer staples – 5.4%
Beverages – 1.0%
Anheuser-Busch InBev SA/NV	113,066		6,758,710
Asahi Group Holdings, Ltd.	165,284		1,981,578
Brown-Forman Corp., Class B	12,379		335,223
Carlsberg A/S, Class B	10,753		1,251,626
Celsius Holdings, Inc. (A)	25,074		1,441,504
Coca-Cola Consolidated, Inc.	9,397		1,100,953
Coca-Cola Europacific Partners PLC	26,353		2,382,575
Coca-Cola HBC AG (A)	24,949		1,177,058
Constellation Brands, Inc., Class A	9,370		1,261,858
Davide Campari-Milano NV	70,423		445,324
Diageo PLC	254,547		6,090,715
Heineken Holding NV	14,827		1,018,068
Heineken NV	32,943		2,579,735
Keurig Dr. Pepper, Inc.	88,265		2,251,640
Kirin Holdings Company, Ltd.	88,868		1,302,016
MGP Ingredients, Inc.	1,724		41,704
Molson Coors Beverage Company, Class B	11,647		527,027
Monster Beverage Corp. (A)	46,068		3,100,837
National Beverage Corp. (A)	3,043		112,348
PepsiCo, Inc.	89,822		12,614,602
Pernod Ricard SA	23,085		2,272,733
Suntory Beverage & Food, Ltd.	15,906		497,125
The Boston Beer Company, Inc., Class A (A)	1,240		262,161
The Coca-Cola Company	254,301		16,865,242
The Vita Coco Company, Inc. (A)	5,221		221,736
			67,894,098
Consumer staples distribution and retail – 1.5%
Aeon Company, Ltd.	254,719		3,091,842
Albertsons Companies, Inc., Class A	63,198		1,106,597
BJ's Wholesale Club Holdings, Inc. (A)	20,704		1,930,648
Carrefour SA	67,378		1,021,098
Casey's General Stores, Inc.	5,829		3,295,250
Coles Group, Ltd.	153,429		2,361,705
Costco Wholesale Corp.	29,127		26,960,825
Dollar General Corp.	13,908		1,437,392
Dollar Tree, Inc. (A)	12,295		1,160,279
Grocery Outlet Holding Corp. (A)	11,479		184,238
Guardian Pharmacy Services, Inc., Class A (A)	2,292		60,119
Ingles Markets, Inc., Class A	1,757		122,217
J Sainsbury PLC	197,263		886,938
Jeronimo Martins SGPS SA	32,392		788,590
Kesko OYJ, B Shares	31,246		664,974
Kobe Bussan Company, Ltd.	17,213		474,397
Koninklijke Ahold Delhaize NV	103,844		4,201,994
Maplebear, Inc. (A)	28,912		1,062,805
Marks & Spencer Group PLC	235,228		1,154,058
MatsukiyoCocokara & Company	37,545		762,119
Natural Grocers by Vitamin Cottage, Inc.	1,597		63,880
Performance Food Group Company (A)	24,540		2,553,142
PriceSmart, Inc.	3,095		375,083
Seven & i Holdings Company, Ltd.	238,341		3,198,158
Sprouts Farmers Market, Inc. (A)	15,322		1,667,034
Sysco Corp.	31,468		2,591,075
Target Corp.	29,641		2,658,798

 

209

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Tesco PLC	750,952	$	4,500,968
The Andersons, Inc.	3,967		157,926
The Chefs' Warehouse, Inc. (A)	4,402		256,769
The Kroger Company	39,989		2,695,658
U.S. Foods Holding Corp. (A)	35,304		2,704,992
United Natural Foods, Inc. (A)	7,255		272,933
Village Super Market, Inc., Class A	1,145		42,777
Walmart, Inc.	288,133		29,694,987
Weis Markets, Inc.	2,045		146,974
Woolworths Group, Ltd.	139,735		2,466,052
			108,775,291
Food products – 1.1%
Ajinomoto Company, Inc.	103,529		2,968,094
Alico, Inc.	754		26,134
Archer-Daniels-Midland Company	30,847		1,842,800
Associated British Foods PLC	36,958		1,021,198
B&G Foods, Inc. (C)	9,504		42,103
Barry Callebaut AG (C)	408		561,903
Beyond Meat, Inc. (A)(C)	9,712		18,356
BRC, Inc., Class A (A)(C)	10,819		16,878
Bunge Global SA	9,137		742,381
Calavo Growers, Inc.	2,038		52,458
Cal-Maine Foods, Inc.	5,417		509,740
Chocoladefabriken Lindt & Spruengli AG	12		1,805,648
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates	107		1,635,889
Conagra Brands, Inc.	32,452		594,196
Danone SA	74,045		6,451,781
Darling Ingredients, Inc. (A)	24,801		765,607
Dole PLC	8,848		118,917
Flowers Foods, Inc.	33,103		431,994
Fresh Del Monte Produce, Inc.	3,955		137,318
General Mills, Inc.	34,974		1,763,389
Hormel Foods Corp.	19,813		490,174
Ingredion, Inc.	10,063		1,228,793
J&J Snack Foods Corp.	1,894		181,994
JDE Peet's NV	19,544		717,023
John B Sanfilippo & Son, Inc.	931		59,845
Kellanova	16,871		1,383,759
Kerry Group PLC, Class A	18,728		1,690,721
Kikkoman Corp.	77,623		657,352
Lamb Weston Holdings, Inc.	9,593		557,161
Limoneira Company	2,276		33,799
Lotus Bakeries NV	47		443,477
Mama's Creations, Inc. (A)	4,285		45,035
McCormick & Company, Inc.	17,177		1,149,313
MEIJI Holdings Company, Ltd.	27,437		568,916
Mission Produce, Inc. (A)	4,618		55,508
Mondelez International, Inc., Class A	84,907		5,304,140
Mowi ASA	53,237		1,126,261
Nestle SA	294,718		27,065,496
Nissin Foods Holdings Company, Ltd.	22,126		416,757
Orkla ASA	80,187		838,341
Pilgrim's Pride Corp.	6,704		272,987
Post Holdings, Inc. (A)	7,495		805,563
Salmar ASA	7,650		409,072
Seneca Foods Corp., Class A (A)	545		58,827
SunOpta, Inc. (A)	11,754		68,878
The Campbell's Company (C)	13,380		422,540
The Hain Celestial Group, Inc. (A)	11,799		18,642
The Hershey Company	9,480		1,773,234
The J.M. Smucker Company	7,234		785,612
The Kraft Heinz Company	54,432		1,417,409
The Marzetti Company	5,614		970,043

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
The Simply Good Foods Company (A)	11,279	$	279,945
Tootsie Roll Industries, Inc.	2,190		91,805
TreeHouse Foods, Inc. (A)	6,123		123,746
Tyson Foods, Inc., Class A	19,457		1,056,515
Utz Brands, Inc.	8,736		106,142
Vital Farms, Inc. (A)	4,177		171,884
Westrock Coffee Company (A)(C)	4,894		23,785
WH Group, Ltd. (B)	953,927		1,033,056
Wilmar International, Ltd.	219,744		485,963
Yakult Honsha Company, Ltd.	28,481		464,433
			76,360,730
Household products – 0.6%
Central Garden & Pet Company (A)	794		25,924
Central Garden & Pet Company, Class A (A)	6,075		179,395
Church & Dwight Company, Inc.	15,538		1,361,595
Colgate-Palmolive Company	52,948		4,232,663
Energizer Holdings, Inc.	8,013		199,444
Essity AB, B Shares	68,903		1,801,064
Henkel AG & Company KGaA	11,886		882,258
Kimberly-Clark Corp.	21,674		2,694,945
Oil-Dri Corp. of America	1,220		74,469
Reckitt Benckiser Group PLC	77,692		5,982,435
Spectrum Brands Holdings, Inc.	2,604		136,788
The Clorox Company	8,378		1,033,007
The Procter & Gamble Company	153,624		23,604,328
Unicharm Corp.	127,827		829,050
WD-40 Company	1,642		324,459
			43,361,824
Personal care products – 0.6%
Beiersdorf AG	11,137		1,165,332
BellRing Brands, Inc. (A)	19,752		717,985
Coty, Inc., Class A (A)	57,442		232,066
e.l.f. Beauty, Inc. (A)	9,300		1,232,064
Edgewell Personal Care Company	5,745		116,968
Herbalife, Ltd. (A)	12,302		103,829
Interparfums, Inc.	2,229		219,289
Kao Corp.	53,292		2,322,520
Kenvue, Inc.	124,474		2,020,213
L'Oreal SA	27,503		11,949,701
Medifast, Inc. (A)	1,413		19,316
Nature's Sunshine Products, Inc. (A)	2,635		40,895
Nu Skin Enterprises, Inc., Class A	5,914		72,092
Olaplex Holdings, Inc. (A)	18,799		24,627
Shiseido Company, Ltd.	45,755		781,054
The Beauty Health Company (A)	13,790		27,442
The Estee Lauder Companies, Inc., Class A	15,921		1,402,959
The Honest Company, Inc. (A)	11,414		42,004
Unilever PLC	280,449		16,576,945
USANA Health Sciences, Inc. (A)	1,435		39,534
			39,106,835
Tobacco – 0.6%
Altria Group, Inc.	110,225		7,281,464
British American Tobacco PLC	238,449		12,682,453
Imperial Brands PLC	88,307		3,751,405
Japan Tobacco, Inc.	137,262		4,501,787
Philip Morris International, Inc.	102,128		16,565,162
Turning Point Brands, Inc.	2,063		203,948
Universal Corp.	2,903		162,191
			45,148,410
			380,647,188

 

210

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Energy – 3.0%
Energy equipment and services – 0.3%
Archrock, Inc.	19,831	$	521,754
Aris Water Solutions, Inc., Class A	3,713		91,563
Atlas Energy Solutions, Inc. (C)	9,520		108,242
Baker Hughes Company	64,859		3,159,930
Borr Drilling, Ltd. (A)	30,602		82,319
Bristow Group, Inc. (A)	3,434		123,899
Cactus, Inc., Class A	8,266		326,259
Core Laboratories, Inc.	5,913		73,085
DMC Global, Inc. (A)	2,631		22,232
Expro Group Holdings NV (A)	12,595		149,629
Flowco Holdings, Inc., Class A	2,443		36,279
Forum Energy Technologies, Inc. (A)	1,418		37,875
Halliburton Company	53,462		1,315,165
Helix Energy Solutions Group, Inc. (A)	17,433		114,360
Helmerich & Payne, Inc.	11,675		257,901
Innovex International, Inc. (A)	4,825		89,456
Kodiak Gas Services, Inc.	7,988		295,316
Liberty Energy, Inc.	19,069		235,311
Nabors Industries, Ltd. (A)	2,020		82,557
National Energy Services Reunited Corp. (A)	7,458		76,519
Natural Gas Services Group, Inc.	1,212		33,924
Noble Corp. PLC	15,132		427,933
NOV, Inc.	58,224		771,468
Oceaneering International, Inc. (A)	11,295		279,890
Oil States International, Inc. (A)	7,225		43,784
Patterson-UTI Energy, Inc.	42,652		220,937
ProPetro Holding Corp. (A)	9,981		52,300
Ranger Energy Services, Inc., Class A	2,330		32,713
RPC, Inc.	10,823		51,517
Schlumberger, Ltd.	98,298		3,378,502
Seadrill, Ltd. (A)	7,599		229,566
Select Water Solutions, Inc.	11,529		123,245
Solaris Energy Infrastructure, Inc.	4,421		176,707
TechnipFMC PLC	64,441		2,542,197
Tenaris SA	42,917		768,992
TETRA Technologies, Inc. (A)	15,530		89,298
Tidewater, Inc. (A)	5,720		305,048
Transocean, Ltd. (A)	89,927		280,572
Valaris, Ltd. (A)	18,012		878,445
Weatherford International PLC	11,263		770,727
			18,657,416
Oil, gas and consumable fuels – 2.7%
Aker BP ASA	36,151		917,488
Antero Midstream Corp.	52,515		1,020,892
Antero Resources Corp. (A)	46,014		1,544,230
APA Corp.	24,528		595,540
Ardmore Shipping Corp.	4,120		48,904
Berry Corp.	10,166		38,427
BKV Corp. (A)	2,176		50,331
BP PLC	1,814,259		10,416,838
California Resources Corp.	8,051		428,152
Calumet, Inc. (A)(C)	8,402		153,337
Centrus Energy Corp., Class A (A)(C)	1,877		582,001
Chevron Corp.	126,256		19,606,294
Chord Energy Corp.	8,977		892,044
Civitas Resources, Inc.	13,075		424,938
Clean Energy Fuels Corp. (A)	22,005		56,773
CNX Resources Corp. (A)	38,285		1,229,714
Comstock Resources, Inc. (A)	9,026		178,986
ConocoPhillips	81,936		7,750,326
Core Natural Resources, Inc.	6,156		513,903
Coterra Energy, Inc.	47,343		1,119,662
Crescent Energy Company, Class A	21,570		192,404

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
CVR Energy, Inc. (A)	3,778	$	137,821
Delek US Holdings, Inc.	7,060		227,826
Devon Energy Corp.	40,522		1,420,701
DHT Holdings, Inc.	15,336		183,265
Diamondback Energy, Inc.	12,712		1,819,087
Diversified Energy Company PLC	7,511		105,229
Dorian LPG, Ltd.	4,461		132,938
DT Midstream, Inc.	15,928		1,800,820
Encore Energy Corp. (A)	23,108		74,177
ENEOS Holdings, Inc.	309,620		1,960,887
Energy Fuels, Inc. (A)(C)	25,869		397,089
Eni SpA	233,966		4,093,491
EOG Resources, Inc.	35,808		4,014,793
EQT Corp.	40,694		2,214,974
Equinor ASA	87,739		2,139,612
Evolution Petroleum Corp.	4,502		21,700
Excelerate Energy, Inc., Class A	2,798		70,482
Expand Energy Corp.	15,833		1,682,098
Exxon Mobil Corp.	279,764		31,543,391
FLEX LNG, Ltd. (New York Stock Exchange) (A)(C)	3,714		93,593
Galp Energia SGPS SA	47,727		904,415
Gevo, Inc. (A)(C)	28,397		55,658
Golar LNG, Ltd.	12,043		486,658
Granite Ridge Resources, Inc.	7,309		39,542
Green Plains, Inc. (A)	7,871		69,186
Gulfport Energy Corp. (A)	1,892		342,414
HF Sinclair Corp.	24,932		1,304,941
Idemitsu Kosan Company, Ltd.	88,448		605,125
Infinity Natural Resources, Inc., Class A (A)	1,900		24,909
Inpex Corp.	100,817		1,815,277
International Seaways, Inc.	4,838		222,935
Kinder Morgan, Inc.	127,396		3,606,581
Kinetik Holdings, Inc. (C)	5,330		227,804
Kosmos Energy, Ltd. (A)	58,862		97,711
Lightbridge Corp. (A)	2,716		57,606
Magnolia Oil & Gas Corp., Class A	22,186		529,580
Marathon Petroleum Corp.	20,004		3,855,571
Matador Resources Company	18,348		824,376
Murphy Oil Corp.	37,272		1,058,898
NACCO Industries, Inc., Class A	526		22,176
Navigator Holdings, Ltd.	4,027		62,378
Neste OYJ	48,394		889,179
New Fortress Energy, Inc. (A)(C)	20,429		45,148
NextDecade Corp. (A)	16,360		111,084
Nordic American Tankers, Ltd.	25,459		79,941
Northern Oil and Gas, Inc.	11,485		284,828
Occidental Petroleum Corp.	48,168		2,275,938
OMV AG	16,846		900,045
ONEOK, Inc.	40,942		2,987,538
Ovintiv, Inc.	40,300		1,627,314
Par Pacific Holdings, Inc. (A)	5,950		210,749
PBF Energy, Inc., Class A	23,032		694,875
Peabody Energy Corp.	14,750		391,170
Permian Resources Corp.	102,835		1,316,288
Phillips 66	26,547		3,610,923
Range Resources Corp.	37,345		1,405,666
Repsol SA	132,390		2,354,189
REX American Resources Corp. (A)	3,590		109,926
Riley Exploration Permian, Inc.	1,672		45,328
Sable Offshore Corp. (A)	9,057		158,135
SandRidge Energy, Inc.	5,063		57,111
Santos, Ltd.	371,507		1,649,809
Scorpio Tankers, Inc.	5,240		293,702

 

211

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
SFL Corp., Ltd.	14,802	$	111,459
Shell PLC	674,038		24,023,383
SM Energy Company	13,668		341,290
Summit Midstream Corp. (A)	1,274		26,168
Talos Energy, Inc. (A)	14,766		141,606
Targa Resources Corp.	14,082		2,359,298
Teekay Corp., Ltd.	6,293		51,477
Teekay Tankers, Ltd., Class A	2,891		146,140
Texas Pacific Land Corp.	1,281		1,195,993
The Williams Companies, Inc.	80,122		5,075,729
TotalEnergies SE	234,844		14,304,023
Uranium Energy Corp. (A)	50,674		675,991
VAALCO Energy, Inc.	12,499		50,246
Valero Energy Corp.	20,420		3,476,709
Viper Energy, Inc., Class A	26,453		1,011,034
Vital Energy, Inc. (A)	3,652		61,682
Vitesse Energy, Inc.	3,556		82,606
W&T Offshore, Inc.	13,796		25,109
Woodside Energy Group, Ltd.	217,195		3,279,853
World Kinect Corp.	6,626		171,945
			196,219,526
			214,876,942
Financials – 16.9%
Banks – 7.3%
1st Source Corp.	2,327		143,250
ABN AMRO Bank NV (B)	66,701		2,139,738
ACNB Corp.	1,294		56,988
AIB Group PLC	244,415		2,228,268
Amalgamated Financial Corp.	2,800		76,020
Amerant Bancorp, Inc.	4,599		88,623
Ameris Bancorp	7,717		565,733
Ames National Corp.	1,297		26,225
ANZ Group Holdings, Ltd.	341,271		7,493,809
Arrow Financial Corp.	2,199		62,232
Associated Banc-Corp.	44,623		1,147,257
Atlantic Union Bankshares Corp.	16,972		598,942
Axos Financial, Inc. (A)	6,454		546,331
Banc of California, Inc.	14,657		242,573
BancFirst Corp.	2,546		321,942
Banco Bilbao Vizcaya Argentaria SA (C)	659,240		12,703,320
Banco BPM SpA	129,989		1,950,940
Banco Comercial Portugues SA	950,826		844,090
Banco de Sabadell SA	574,660		2,243,017
Banco Santander SA	1,702,682		17,868,490
Bank First Corp.	1,133		137,444
Bank Hapoalim BM	142,984		2,906,461
Bank Leumi Le-Israel BM	170,858		3,366,345
Bank of America Corp.	447,597		23,091,529
Bank of Hawaii Corp.	4,651		305,292
Bank of Ireland Group PLC	110,199		1,824,600
Bank of Marin Bancorp	1,866		45,306
Bank OZK	16,598		846,166
Bank7 Corp.	561		25,957
BankFinancial Corp.	1,862		22,400
Bankinter SA	77,117		1,219,091
BankUnited, Inc.	8,816		336,419
Bankwell Financial Group, Inc.	845		37,391
Banner Corp.	3,896		255,188
Banque Cantonale Vaudoise	3,445		408,224
Bar Harbor Bankshares	1,949		59,367
Barclays PLC	1,617,730		8,323,737
BayCom Corp.	1,421		40,854
Beacon Financial Corp.	9,929		235,417
Blue Foundry Bancorp (A)	3,233		29,388
Blue Ridge Bankshares, Inc. (A)	8,267		34,969

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
BNP Paribas SA	116,414	$	10,647,552
BOC Hong Kong Holdings, Ltd.	423,286		1,982,998
BPER Banca SpA	167,277		1,860,481
Bridgewater Bancshares, Inc. (A)	2,752		48,435
Burke & Herbert Financial Services Corp.	1,655		102,097
Business First Bancshares, Inc.	3,594		84,854
BV Financial, Inc. (A)	1,185		19,102
Byline Bancorp, Inc.	3,782		104,875
C&F Financial Corp.	397		26,678
Cadence Bank	50,980		1,913,789
CaixaBank SA	445,774		4,708,228
California BanCorp (A)	2,763		46,087
Camden National Corp.	2,088		80,576
Capital Bancorp, Inc.	1,527		48,711
Capital City Bank Group, Inc.	1,845		77,103
Capitol Federal Financial, Inc.	15,144		96,164
Carter Bankshares, Inc. (A)	2,926		56,794
Cathay General Bancorp	7,985		383,360
CB Financial Services, Inc.	625		20,756
Central Pacific Financial Corp.	3,245		98,453
Chemung Financial Corp.	589		30,934
ChoiceOne Financial Services, Inc.	1,695		49,087
Citigroup, Inc.	120,755		12,256,633
Citizens & Northern Corp.	2,194		43,463
Citizens Community Bancorp, Inc.	1,305		20,971
Citizens Financial Group, Inc.	27,361		1,454,511
Citizens Financial Services, Inc.	585		35,264
City Holding Company	1,617		200,298
Civista Bancshares, Inc.	2,654		53,903
CNB Financial Corp.	3,598		87,072
Coastal Financial Corp. (A)	1,559		168,637
Coastal South Bancshares, Inc. (A)	703		15,332
Colony Bankcorp, Inc.	2,331		39,650
Columbia Banking System, Inc.	46,885		1,206,820
Columbia Financial, Inc. (A)	3,933		59,034
Comerica, Inc.	20,151		1,380,747
Commerce Bancshares, Inc.	19,457		1,162,750
Commerzbank AG	88,082		3,334,961
Commonwealth Bank of Australia	191,421		21,139,296
Community Financial System, Inc.	6,443		377,818
Community Trust Bancorp, Inc.	2,000		111,900
Community West Bancshares	2,192		45,681
Concordia Financial Group, Ltd.	117,837		902,166
ConnectOne Bancorp, Inc.	5,861		145,411
Credit Agricole SA	121,141		2,387,214
Cullen/Frost Bankers, Inc.	10,085		1,278,475
Customers Bancorp, Inc. (A)	3,533		230,952
CVB Financial Corp.	15,999		302,541
Danske Bank A/S	76,407		3,263,691
DBS Group Holdings, Ltd.	243,443		9,654,408
Dime Community Bancshares, Inc.	4,852		144,735
DNB Bank ASA	101,410		2,764,030
Eagle Bancorp, Inc.	3,231		65,331
Eagle Financial Services, Inc.	620		23,455
East West Bancorp, Inc.	21,609		2,300,278
Eastern Bankshares, Inc.	23,008		417,595
Enterprise Financial Services Corp.	4,411		255,750
Equity Bancshares, Inc., Class A	1,654		67,318
Erste Group Bank AG	35,218		3,462,020
Esquire Financial Holdings, Inc.	858		87,563
Farmers & Merchants Bancorp, Inc.	1,737		43,442
Farmers National Banc Corp.	4,757		68,548
FB Bancorp, Inc. (A)	2,219		26,672
FB Financial Corp.	4,889		272,513

 

212

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Fidelity D&D Bancorp, Inc.	677	$	29,673
Fifth Third Bancorp	42,962		1,913,957
Financial Institutions, Inc.	2,467		67,102
FinecoBank SpA	69,957		1,518,322
First Bancorp (North Carolina)	4,853		256,675
First Bancorp (Puerto Rico)	19,061		420,295
First Bank	2,855		46,508
First Busey Corp.	10,136		234,648
First Business Financial Services, Inc.	979		50,184
First Commonwealth Financial Corp.	12,111		206,493
First Community Bankshares, Inc.	2,102		73,150
First Community Corp.	905		25,539
First Financial Bancorp	11,596		292,799
First Financial Bankshares, Inc.	36,502		1,228,292
First Financial Corp.	1,338		75,517
First Financial Northwest, Inc. (A)(D)	1,060		594
First Foundation, Inc. (A)	7,966		44,371
First Horizon Corp.	79,607		1,799,914
First Internet Bancorp	1,052		23,596
First Interstate BancSystem, Inc., Class A	10,456		333,233
First Merchants Corp.	7,051		265,823
First Mid Bancshares, Inc.	2,662		100,837
First National Corp.	1,062		24,086
First Savings Financial Group, Inc.	744		23,384
First United Corp.	767		28,203
First Western Financial, Inc. (A)	1,085		24,982
Firstsun Capital Bancorp (A)	1,559		60,474
Five Star Bancorp	2,075		66,815
Flagstar Financial, Inc.	83,586		965,418
Flushing Financial Corp.	4,112		56,787
FNB Corp.	56,310		907,154
Franklin Financial Services Corp.	541		24,886
FS Bancorp, Inc.	853		34,052
Fulton Financial Corp.	21,372		398,160
FVCBankcorp, Inc.	2,311		29,974
GBank Financial Holdings, Inc. (A)	1,130		44,375
German American Bancorp, Inc.	4,520		177,500
Glacier Bancorp, Inc.	32,742		1,593,553
Great Southern Bancorp, Inc.	1,091		66,824
Greene County Bancorp, Inc.	992		22,419
Guaranty Bancshares, Inc.	1,116		54,405
Hancock Whitney Corp.	23,144		1,449,046
Hang Seng Bank, Ltd.	86,124		1,310,542
Hanmi Financial Corp.	3,677		90,785
HarborOne Bancorp, Inc.	5,084		69,142
Hawthorn Bancshares, Inc.	765		23,746
HBT Financial, Inc.	1,420		35,784
Heritage Commerce Corp.	7,015		69,659
Heritage Financial Corp.	4,014		97,099
Hilltop Holdings, Inc.	5,244		175,254
Home Bancorp, Inc.	845		45,905
Home BancShares, Inc.	50,741		1,435,970
HomeTrust Bancshares, Inc.	2,081		85,196
Hope Bancorp, Inc.	15,019		161,755
Horizon Bancorp, Inc.	5,487		87,847
HSBC Holdings PLC	1,995,219		28,158,753
Huntington Bancshares, Inc.	99,033		1,710,300
Independent Bank Corp. (Massachusetts)	5,650		390,811
Independent Bank Corp. (Michigan)	2,537		78,584
ING Groep NV	345,621		9,060,717
International Bancshares Corp.	15,031		1,033,381
Intesa Sanpaolo SpA	1,629,191		10,783,905
Investar Holding Corp.	1,217		28,247
Israel Discount Bank, Ltd., Class A	140,214		1,385,276

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Japan Post Bank Company, Ltd.	204,512	$	2,504,231
John Marshall Bancorp, Inc.	1,758		34,844
JPMorgan Chase & Co.	180,452		56,919,974
KBC Group NV	26,269		3,148,051
Kearny Financial Corp.	7,398		48,605
KeyCorp	60,723		1,134,913
Lakeland Financial Corp.	2,962		190,160
Landmark Bancorp, Inc.	638		17,028
LCNB Corp.	2,194		32,888
LINKBANCORP, Inc.	3,042		21,689
Live Oak Bancshares, Inc.	4,326		152,362
Lloyds Banking Group PLC	6,851,804		7,753,389
M&T Bank Corp.	10,240		2,023,629
MainStreet Bancshares, Inc.	932		19,414
Mechanics Bancorp, Class A (A)	2,316		30,826
Mediobanca Banca di Credito Finanziario SpA (C)	61,955		1,255,575
Mercantile Bank Corp.	1,959		88,155
Meridian Corp.	1,176		18,569
Metrocity Bankshares, Inc.	2,705		74,901
Metropolitan Bank Holding Corp.	1,030		77,065
Mid Penn Bancorp, Inc.	2,444		69,996
Middlefield Banc Corp.	1,021		30,640
Midland States Bancorp, Inc.	2,675		45,850
MidWestOne Financial Group, Inc.	1,808		51,148
Mitsubishi UFJ Financial Group, Inc.	1,311,360		21,154,032
Mizrahi Tefahot Bank, Ltd.	17,839		1,172,125
Mizuho Financial Group, Inc.	287,539		9,665,868
MVB Financial Corp.	1,560		39,094
National Australia Bank, Ltd.	350,368		10,220,848
National Bank Holdings Corp., Class A	4,533		175,155
National Bankshares, Inc.	923		27,173
NatWest Group PLC	926,450		6,543,840
NB Bancorp, Inc.	4,231		74,677
NBT Bancorp, Inc.	6,191		258,536
Nicolet Bankshares, Inc.	1,639		220,446
Nordea Bank ABP	357,213		5,881,077
Northeast Bank	882		88,341
Northeast Community Bancorp, Inc.	1,523		31,328
Northfield Bancorp, Inc.	4,593		54,197
Northpointe Bancshares, Inc.	1,373		23,451
Northrim BanCorp, Inc.	2,568		55,623
Northwest Bancshares, Inc.	17,033		211,039
Norwood Financial Corp.	1,226		31,165
Oak Valley Bancorp	892		25,128
OceanFirst Financial Corp.	6,825		119,915
OFG Bancorp	5,390		234,411
Old National Bancorp	95,633		2,099,144
Old Second Bancorp, Inc.	5,810		100,426
OP Bancorp	1,598		22,244
Orange County Bancorp, Inc.	1,651		41,622
Origin Bancorp, Inc.	3,678		126,965
Orrstown Financial Services, Inc.	2,194		74,552
Oversea-Chinese Banking Corp., Ltd.	387,340		4,938,435
Park National Corp.	1,794		291,579
Parke Bancorp, Inc.	1,477		31,829
Pathward Financial, Inc.	2,775		205,378
PCB Bancorp	1,479		31,059
Peapack-Gladstone Financial Corp.	2,010		55,476
Peoples Bancorp, Inc.	4,184		125,478
Peoples Financial Services Corp.	1,161		56,436
Pinnacle Financial Partners, Inc.	12,057		1,130,826
Pioneer Bancorp, Inc. (A)	1,455		19,002
Plumas Bancorp	936		40,379
Ponce Financial Group, Inc. (A)	2,595		38,147

 

213

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Preferred Bank	1,315	$	118,863
Primis Financial Corp.	3,231		33,958
Princeton Bancorp, Inc.	727		23,148
Prosperity Bancshares, Inc.	14,895		988,283
Provident Bancorp, Inc. (A)	2,413		30,235
Provident Financial Services, Inc.	15,524		299,303
QCR Holdings, Inc.	1,967		148,784
RBB Bancorp	2,140		40,146
Red River Bancshares, Inc.	604		39,151
Regions Financial Corp.	56,992		1,502,879
Renasant Corp.	10,948		403,872
Republic Bancorp, Inc., Class A	1,055		76,224
Resona Holdings, Inc.	237,515		2,422,011
Richmond Mutual BanCorp, Inc.	1,239		17,606
S&T Bancorp, Inc.	4,629		174,004
Seacoast Banking Corp. of Florida	10,216		310,873
ServisFirst Bancshares, Inc.	6,133		493,890
Shore Bancshares, Inc.	3,957		64,934
Sierra Bancorp	1,723		49,812
Simmons First National Corp., Class A	17,077		327,366
Skandinaviska Enskilda Banken AB, A Shares	173,169		3,395,420
SmartFinancial, Inc.	1,890		67,530
Societe Generale SA	82,391		5,485,288
South Plains Financial, Inc.	1,675		64,739
Southern First Bancshares, Inc. (A)	1,026		45,267
Southern Missouri Bancorp, Inc.	1,221		64,176
Southside Bancshares, Inc.	3,638		102,774
SouthState Bank Corp.	15,868		1,568,869
SR Bancorp, Inc.	1,133		17,097
Standard Chartered PLC	226,020		4,386,493
Stellar Bancorp, Inc.	5,662		171,785
Stock Yards Bancorp, Inc.	3,226		225,788
Sumitomo Mitsui Financial Group, Inc.	422,111		11,875,189
Sumitomo Mitsui Trust Group, Inc.	73,429		2,131,204
Svenska Handelsbanken AB, A Shares	166,839		2,176,854
Swedbank AB, A Shares	97,114		2,931,453
Synovus Financial Corp.	21,762		1,068,079
Texas Capital Bancshares, Inc. (A)	12,588		1,064,064
The Bancorp, Inc. (A)	5,494		411,446
The Bank of NT Butterfield & Son, Ltd.	4,965		213,098
The Chiba Bank, Ltd.	64,498		676,097
The First Bancorp, Inc.	1,659		43,565
The Hingham Institution for Savings	184		48,536
The PNC Financial Services Group, Inc.	25,849		5,193,840
Third Coast Bancshares, Inc. (A)	1,563		59,347
Timberland Bancorp, Inc.	1,059		35,244
Tompkins Financial Corp.	1,689		111,829
Towne Bank	8,775		303,352
TriCo Bancshares	3,839		170,490
Triumph Financial, Inc. (A)	2,745		137,360
Truist Financial Corp.	84,514		3,863,980
Trustmark Corp.	6,750		267,300
U.S. Bancorp	102,031		4,931,158
UMB Financial Corp.	19,751		2,337,531
UniCredit SpA	160,358		12,202,455
United Bankshares, Inc.	38,731		1,441,181
United Community Banks, Inc.	14,707		461,064
United Overseas Bank, Ltd.	144,269		3,874,407
Unity Bancorp, Inc.	915		44,716
Univest Financial Corp.	3,638		109,213
USCB Financial Holdings, Inc.	1,509		26,332
Valley National Bancorp	132,108		1,400,345
Veritex Holdings, Inc.	6,314		211,708
Virginia National Bankshares Corp.	667		25,886

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
WaFd, Inc.	9,353	$	283,302
Washington Trust Bancorp, Inc.	2,314		66,875
Webster Financial Corp.	26,056		1,548,769
Wells Fargo & Company	210,267		17,624,580
WesBanco, Inc.	11,267		359,755
West BanCorp, Inc.	2,160		43,891
Westamerica BanCorp	2,835		141,722
Western Alliance Bancorp	16,230		1,407,466
Western New England Bancorp, Inc.	2,603		31,262
Westpac Banking Corp.	391,433		10,085,208
Wintrust Financial Corp.	10,497		1,390,223
WSFS Financial Corp.	6,505		350,815
Zions Bancorp NA	23,145		1,309,544
			519,256,624
Capital markets – 3.2%
3i Group PLC	111,344		6,137,609
Acadian Asset Management, Inc.	3,149		151,656
Affiliated Managers Group, Inc.	4,455		1,062,206
AlTi Global, Inc. (A)	5,809		20,680
Ameriprise Financial, Inc.	6,205		3,048,206
Amundi SA (B)	7,049		560,216
Artisan Partners Asset Management, Inc., Class A	7,487		324,936
ASX, Ltd.	22,225		861,368
Bakkt Holdings, Inc. (A)(C)	1,314		44,216
BGC Group, Inc., Class A	43,204		408,710
BlackRock, Inc.	9,452		11,019,803
Cboe Global Markets, Inc.	6,651		1,631,158
CME Group, Inc.	23,683		6,398,910
Cohen & Steers, Inc.	3,410		223,730
Coinbase Global, Inc., Class A (A)	14,841		5,008,689
CVC Capital Partners PLC (B)	24,320		424,657
Daiwa Securities Group, Inc.	152,584		1,239,909
Deutsche Bank AG	211,710		7,497,874
Deutsche Boerse AG	21,539		5,767,951
Diamond Hill Investment Group, Inc.	170		23,802
DigitalBridge Group, Inc.	20,736		242,611
Donnelley Financial Solutions, Inc. (A)	3,221		165,656
EQT AB	42,369		1,469,417
Euronext NV (B)	8,943		1,338,870
Evercore, Inc., Class A	6,052		2,041,461
FactSet Research Systems, Inc.	2,580		739,144
Federated Hermes, Inc.	11,589		601,817
Forge Global Holdings, Inc. (A)	1,279		21,615
Franklin Resources, Inc.	21,079		487,557
Futu Holdings, Ltd., ADR	7,047		1,225,544
GCM Grosvenor, Inc., Class A	6,518		78,672
Hamilton Lane, Inc., Class A	6,343		854,973
Hong Kong Exchanges & Clearing, Ltd.	137,772		7,821,393
Houlihan Lokey, Inc.	8,524		1,750,148
Interactive Brokers Group, Inc., Class A	28,590		1,967,278
Intercontinental Exchange, Inc.	37,594		6,333,837
Invesco, Ltd.	30,426		697,972
Janus Henderson Group PLC	19,564		870,794
Japan Exchange Group, Inc.	113,511		1,267,574
Jefferies Financial Group, Inc.	25,873		1,692,612
Julius Baer Group, Ltd.	23,563		1,640,749
KKR & Company, Inc.	45,049		5,854,118
London Stock Exchange Group PLC	54,352		6,233,253
Macquarie Group, Ltd.	41,417		6,011,676
Marex Group PLC	6,381		214,529
Moelis & Company, Class A	8,684		619,343
Moody's Corp.	10,129		4,826,266
Morgan Stanley	79,621		12,656,554
Morningstar, Inc.	3,835		889,758

 

214

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
MSCI, Inc.	5,068	$	2,875,634
Nasdaq, Inc.	29,762		2,632,449
Nomura Holdings, Inc.	343,774		2,519,406
Northern Trust Corp.	12,369		1,664,867
Open Lending Corp. (A)	13,513		28,512
P10, Inc., Class A	7,560		82,253
Partners Group Holding AG	2,596		3,396,634
Patria Investments, Ltd., Class A	8,134		118,756
Perella Weinberg Partners	7,377		157,278
Piper Sandler Companies	2,056		713,411
PJT Partners, Inc., Class A	2,751		488,935
Raymond James Financial, Inc.	11,664		2,013,206
Robinhood Markets, Inc., Class A (A)	50,792		7,272,399
S&P Global, Inc.	20,511		9,982,909
SBI Holdings, Inc.	32,092		1,397,204
Schroders PLC	82,911		420,734
SEI Investments Company	14,731		1,249,925
Silvercrest Asset Management Group, Inc., Class A	1,688		26,586
Singapore Exchange, Ltd.	98,071		1,258,975
State Street Corp.	18,394		2,133,888
StepStone Group, Inc., Class A	8,296		541,812
Stifel Financial Corp.	16,019		1,817,676
StoneX Group, Inc. (A)	5,463		551,326
T. Rowe Price Group, Inc.	13,921		1,428,851
The Bank of New York Mellon Corp.	46,344		5,049,642
The Blackstone Group, Inc.	48,381		8,265,894
The Carlyle Group, Inc.	40,831		2,560,104
The Charles Schwab Corp.	112,047		10,697,127
The Goldman Sachs Group, Inc.	19,885		15,835,420
UBS Group AG	363,119		14,929,108
Victory Capital Holdings, Inc., Class A	5,318		344,394
Virtus Investment Partners, Inc.	785		149,174
Westwood Holdings Group, Inc.	1,224		20,184
WisdomTree, Inc.	14,358		199,576
			225,295,726
Consumer finance – 0.4%
Ally Financial, Inc.	43,916		1,721,507
American Express Company	35,635		11,836,522
Atlanticus Holdings Corp. (A)	664		38,897
Bread Financial Holdings, Inc.	5,593		311,922
Capital One Financial Corp.	41,979		8,923,896
Dave, Inc. (A)	1,121		223,471
Encore Capital Group, Inc. (A)	2,825		117,916
Enova International, Inc. (A)	2,813		323,748
FirstCash Holdings, Inc.	10,828		1,715,372
Green Dot Corp., Class A (A)	6,566		88,181
Jefferson Capital, Inc.	1,218		21,023
LendingClub Corp. (A)	13,700		208,103
LendingTree, Inc. (A)	1,356		87,774
Medallion Financial Corp.	2,161		21,826
Navient Corp.	8,469		111,367
Nelnet, Inc., Class A	1,504		188,572
NerdWallet, Inc., Class A (A)	5,212		56,081
Oportun Financial Corp. (A)	4,213		25,994
OppFi, Inc. (C)	2,836		32,132
PRA Group, Inc. (A)	4,810		74,266
PROG Holdings, Inc.	4,847		156,849
Regional Management Corp.	1,180		45,973
SLM Corp.	32,687		904,776
Synchrony Financial	24,396		1,733,336
Upstart Holdings, Inc. (A)(C)	10,009		508,457

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer finance (continued)
World Acceptance Corp. (A)	276	$	46,683
			29,524,644
Financial services – 2.7%
Acacia Research Corp. (A)	5,662		18,402
Adyen NV (A)(B)	2,883		4,638,975
Alerus Financial Corp.	2,876		63,675
Apollo Global Management, Inc.	29,893		3,983,840
AvidXchange Holdings, Inc. (A)	20,891		207,865
Banca Mediolanum SpA	25,577		513,708
Banco Latinoamericano de Comercio Exterior SA, Class E	3,511		161,401
Berkshire Hathaway, Inc., Class B (A)	120,308		60,483,644
Better Home & Finance Holding Company (A)	626		35,144
Block, Inc. (A)	36,038		2,604,466
Burford Capital, Ltd.	24,146		288,786
Cannae Holdings, Inc.	7,206		131,942
Cantaloupe, Inc. (A)	7,578		80,099
Cass Information Systems, Inc.	1,556		61,197
Compass Diversified Holdings	9,060		59,977
Corpay, Inc. (A)	4,792		1,380,384
Edenred SE	27,441		653,500
Enact Holdings, Inc.	3,529		135,302
Equitable Holdings, Inc.	46,963		2,384,781
Essent Group, Ltd.	26,899		1,709,700
Euronet Worldwide, Inc. (A)	6,042		530,548
EVERTEC, Inc.	7,894		266,659
EXOR NV	10,694		1,046,683
Federal Agricultural Mortgage Corp., Class C	1,122		188,474
Fidelity National Information Services, Inc.	34,066		2,246,312
Fiserv, Inc. (A)	35,730		4,606,669
Flywire Corp. (A)	14,307		193,717
Global Payments, Inc.	15,281		1,269,545
Groupe Bruxelles Lambert NV	9,140		819,393
HA Sustainable Infrastructure Capital, Inc.	14,233		436,953
Industrivarden AB, A Shares	13,557		538,586
Industrivarden AB, C Shares	17,828		707,657
Infratil, Ltd.	106,450		762,948
International Money Express, Inc. (A)	3,613		50,474
Investor AB, B Shares	197,981		6,197,659
Jack Henry & Associates, Inc.	4,950		737,204
Jackson Financial, Inc., Class A	8,502		860,657
L.E. Lundbergforetagen AB, B Shares	8,692		451,636
LoanDepot, Inc., Class A (A)	10,110		31,038
M&G PLC	261,297		891,102
Marqeta, Inc., Class A (A)	46,854		247,389
Mastercard, Inc., Class A	54,168		30,811,300
Merchants Bancorp	3,227		102,619
MGIC Investment Corp.	36,143		1,025,377
Mitsubishi HC Capital, Inc.	100,700		831,851
NCR Atleos Corp. (A)	8,859		348,247
NewtekOne, Inc.	3,078		35,243
Nexi SpA (B)	63,330		358,783
NMI Holdings, Inc. (A)	9,369		359,207
Onity Group, Inc. (A)	820		32,767
ORIX Corp.	133,027		3,491,424
PagSeguro Digital, Ltd., Class A	21,383		213,830
Payoneer Global, Inc. (A)	34,002		205,712
PayPal Holdings, Inc. (A)	62,638		4,200,504
Paysafe, Ltd. (A)	4,063		52,494
Paysign, Inc. (A)	4,328		27,223
PennyMac Financial Services, Inc.	3,518		435,810

 

215

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
Priority Technology Holdings, Inc. (A)	3,040	$	20,885
Radian Group, Inc.	15,867		574,703
Remitly Global, Inc. (A)	19,810		322,903
Repay Holdings Corp. (A)	9,739		50,935
Security National Financial Corp., Class A (A)	1,937		16,794
Sezzle, Inc. (A)	1,900		151,107
Shift4 Payments, Inc., Class A (A)(C)	10,550		816,570
Sofina SA	1,763		521,275
StoneCo, Ltd., Class A (A)	29,913		565,655
The Western Union Company	50,636		404,582
Triller Group, Inc. (A)(C)	12,586		10,448
TrustCo Bank Corp. NY	2,222		80,659
Velocity Financial, Inc. (A)	1,489		27,010
Visa, Inc., Class A	111,467		38,052,604
Voya Financial, Inc.	15,117		1,130,752
Walker & Dunlop, Inc.	3,985		333,226
Washington H. Soul Pattinson & Company, Ltd. (C)	27,350		696,351
Waterstone Financial, Inc.	2,249		35,084
WEX, Inc. (A)	5,372		846,251
Wise PLC, Class A (A)	76,213		1,062,432
			190,930,708
Insurance – 3.2%
Abacus Global Management, Inc. (A)	4,745		27,189
Admiral Group PLC	29,782		1,344,157
Aegon, Ltd.	151,235		1,219,257
Aflac, Inc.	31,745		3,545,917
Ageas SA/NV	17,067		1,183,705
AIA Group, Ltd.	1,215,929		11,653,418
Allianz SE	44,172		18,584,348
Ambac Financial Group, Inc. (A)	4,763		39,723
American Coastal Insurance Corp.	2,956		33,669
American Financial Group, Inc.	10,852		1,581,353
American Integrity Insurance Group, Inc. (A)	756		16,866
American International Group, Inc.	36,430		2,861,212
AMERISAFE, Inc.	2,317		101,577
Aon PLC, Class A	14,155		5,047,390
Arch Capital Group, Ltd.	24,104		2,186,956
Arthur J. Gallagher & Company	16,858		5,221,597
Aspen Insurance Holdings, Ltd., Class A (A)	1,854		68,060
ASR Nederland NV	17,940		1,220,805
Assurant, Inc.	3,446		746,404
Ategrity Specialty Holdings LLC (A)	774		15,302
Aviva PLC	349,674		3,234,760
AXA SA	202,739		9,722,357
Baloise Holding AG	4,715		1,166,943
Bowhead Specialty Holdings, Inc. (A)	1,970		53,269
Brighthouse Financial, Inc. (A)	8,961		475,650
Brown & Brown, Inc.	19,052		1,786,887
Chubb, Ltd.	24,375		6,879,844
Cincinnati Financial Corp.	9,908		1,566,455
Citizens, Inc. (A)(C)	5,945		31,211
CNO Financial Group, Inc.	26,269		1,038,939
Crawford & Company, Class A	2,311		24,728
Dai-ichi Life Holdings, Inc.	402,150		3,163,378
Donegal Group, Inc., Class A	2,093		40,583
Employers Holdings, Inc.	2,896		123,022
Erie Indemnity Company, Class A	1,695		539,281
Everest Group, Ltd.	2,892		1,012,865
F&G Annuities & Life, Inc.	2,606		81,490
Fidelis Insurance Holdings, Ltd.	7,211		130,880
Fidelity National Financial, Inc.	40,046		2,422,383

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
First American Financial Corp.	15,961	$	1,025,335
Generali	97,500		3,831,753
Genworth Financial, Inc. (A)	48,001		427,209
Gjensidige Forsikring ASA	22,879		672,337
Globe Life, Inc.	5,611		802,205
Goosehead Insurance, Inc., Class A	2,893		215,297
Greenlight Capital Re, Ltd., Class A (A)	3,501		44,463
Hamilton Insurance Group, Ltd., Class B (A)	5,441		134,937
Hannover Rueck SE	6,897		2,081,230
HCI Group, Inc.	1,218		233,771
Helvetia Holding AG	4,246		1,043,413
Heritage Insurance Holdings, Inc. (A)	2,712		68,288
Hippo Holdings, Inc. (A)	2,195		79,371
Horace Mann Educators Corp.	4,907		221,649
Insurance Australia Group, Ltd.	270,555		1,466,065
Investors Title Company	158		42,317
James River Group Holdings, Ltd.	4,718		26,185
Japan Post Holdings Company, Ltd.	204,032		2,025,078
Japan Post Insurance Company, Ltd.	21,265		602,672
Kemper Corp.	9,837		507,097
Kingstone Companies, Inc.	1,299		19,095
Kingsway Financial Services, Inc. (A)	2,967		43,378
Kinsale Capital Group, Inc.	3,470		1,475,652
Legal & General Group PLC	656,003		2,107,025
Lemonade, Inc. (A)	6,726		360,043
Loews Corp.	10,688		1,072,968
Marsh & McLennan Companies, Inc.	32,346		6,518,689
MBIA, Inc. (A)	5,757		42,890
Medibank Private, Ltd.	315,031		1,003,625
Mercury General Corp.	3,237		274,433
MetLife, Inc.	36,643		3,018,284
MS&AD Insurance Group Holdings, Inc. (C)	147,182		3,333,073
Muenchener Rueckversicherungs-Gesellschaft AG	14,944		9,541,358
NN Group NV	30,768		2,169,684
Old Republic International Corp.	35,840		1,522,125
Oscar Health, Inc., Class A (A)	23,222		439,592
Palomar Holdings, Inc. (A)	3,189		372,316
Phoenix Group Holdings PLC	80,357		697,261
Poste Italiane SpA (B)	52,289		1,242,964
Primerica, Inc.	5,078		1,409,602
Principal Financial Group, Inc.	12,652		1,048,977
ProAssurance Corp. (A)	6,183		148,330
Prudential Financial, Inc.	22,990		2,384,983
Prudential PLC	295,329		4,134,518
QBE Insurance Group, Ltd.	172,726		2,350,500
Reinsurance Group of America, Inc.	10,363		1,991,043
RenaissanceRe Holdings, Ltd.	7,379		1,873,749
RLI Corp.	14,397		938,972
Root, Inc., Class A (A)	1,387		124,150
Ryan Specialty Holdings, Inc.	17,666		995,656
Safety Insurance Group, Inc.	1,759		124,344
Sampo OYJ, A Shares	276,955		3,184,137
Selective Insurance Group, Inc.	16,620		1,347,383
SelectQuote, Inc. (A)	16,758		32,846
SiriusPoint, Ltd. (A)	12,490		225,944
Skyward Specialty Insurance Group, Inc. (A)	4,319		205,412
Slide Insurance Holdings, Inc. (A)	3,186		50,291
Sompo Holdings, Inc.	101,520		3,138,545
Sony Financial Group, Inc. (A)	703,454		780,109
Stewart Information Services Corp.	3,343		245,109
Suncorp Group, Ltd.	123,863		1,660,717

 

216

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Swiss Life Holding AG	3,264	$	3,523,851
Swiss Re AG	34,174		6,347,031
T&D Holdings, Inc.	56,003		1,368,922
Talanx AG	7,385		984,623
The Allstate Corp.	17,330		3,719,885
The Baldwin Insurance Group, Inc. (A)	8,538		240,857
The Hanover Insurance Group, Inc.	5,608		1,018,581
The Hartford Insurance Group, Inc.	18,467		2,463,313
The Phoenix Holdings, Ltd.	25,846		967,780
The Progressive Corp.	38,528		9,514,490
The Travelers Companies, Inc.	14,780		4,126,872
Tiptree, Inc.	2,989		57,299
Tokio Marine Holdings, Inc.	210,162		8,894,715
Trupanion, Inc. (A)	4,492		194,414
Tryg A/S	38,464		976,570
Unipol Assicurazioni SpA	41,036		882,175
United Fire Group, Inc.	2,592		78,849
Universal Insurance Holdings, Inc.	3,064		80,583
Unum Group	24,566		1,910,743
W.R. Berkley Corp.	18,858		1,444,900
Willis Towers Watson PLC	6,405		2,212,607
Zurich Insurance Group AG	16,741		11,966,181
			232,369,515
Mortgage real estate investment trusts – 0.1%
ACRES Commercial Realty Corp. (A)	870		18,409
Adamas Trust, Inc.	10,222		71,247
AG Mortgage Investment Trust, Inc.	3,525		25,521
Annaly Capital Management, Inc.	100,667		2,034,480
Apollo Commercial Real Estate Finance, Inc.	17,060		172,818
Arbor Realty Trust, Inc.	22,986		280,659
Ares Commercial Real Estate Corp.	6,435		29,022
ARMOUR Residential REIT, Inc.	12,867		192,233
Blackstone Mortgage Trust, Inc., Class A	19,489		358,792
BrightSpire Capital, Inc.	16,036		87,075
Chicago Atlantic Real Estate Finance, Inc.	2,112		27,012
Chimera Investment Corp.	9,528		125,960
Claros Mortgage Trust, Inc. (A)	11,563		38,389
Dynex Capital, Inc.	14,849		182,494
Ellington Financial, Inc.	10,908		141,586
Franklin BSP Realty Trust, Inc.	9,858		107,058
Invesco Mortgage Capital, Inc.	7,648		57,819
KKR Real Estate Finance Trust, Inc.	6,831		61,479
Ladder Capital Corp.	13,986		152,587
MFA Financial, Inc.	12,041		110,657
Orchid Island Capital, Inc.	14,413		101,035
PennyMac Mortgage Investment Trust	10,298		126,253
Ready Capital Corp.	20,473		79,231
Redwood Trust, Inc.	16,172		93,636
Rithm Property Trust, Inc.	6,512		16,410
Seven Hills Realty Trust	2,307		23,785
Starwood Property Trust, Inc.	54,108		1,048,072
TPG RE Finance Trust, Inc.	8,167		69,910
Two Harbors Investment Corp.	12,460		122,980
			5,956,609
			1,203,333,826
Health care – 9.5%
Biotechnology – 1.6%
4D Molecular Therapeutics, Inc. (A)	4,956		43,068
89bio, Inc. (A)	15,236		223,969
AbbVie, Inc.	115,870		26,828,540
Abeona Therapeutics, Inc. (A)	5,352		28,259
Absci Corp. (A)(C)	16,878		51,309

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
ACADIA Pharmaceuticals, Inc. (A)	15,013	$	320,377
ADC Therapeutics SA (A)	8,584		34,336
ADMA Biologics, Inc. (A)	27,945		409,674
Aduro Biotech, Inc. (A)(D)	2,435		3,412
Agios Pharmaceuticals, Inc. (A)	6,832		274,236
Akebia Therapeutics, Inc. (A)	30,472		83,189
Akero Therapeutics, Inc. (A)	8,457		401,538
Albireo Pharma, Inc. (A)(D)	2,883		6,198
Aldeyra Therapeutics, Inc. (A)	6,664		34,786
Alector, Inc. (A)	9,708		28,736
Alkermes PLC (A)	19,546		586,380
Allogene Therapeutics, Inc. (A)	18,701		23,189
Altimmune, Inc. (A)(C)	9,366		35,310
Amgen, Inc.	35,296		9,960,531
Amicus Therapeutics, Inc. (A)	33,834		266,612
AnaptysBio, Inc. (A)	2,394		73,304
Anavex Life Sciences Corp. (A)(C)	10,226		91,011
Anika Therapeutics, Inc. (A)	2,232		20,981
Annexon, Inc. (A)	12,091		36,878
Apogee Therapeutics, Inc. (A)	3,881		154,192
Arbutus Biopharma Corp. (A)	18,920		85,897
Arcellx, Inc. (A)	4,065		333,737
Arcturus Therapeutics Holdings, Inc. (A)	3,123		57,557
Arcus Biosciences, Inc. (A)	8,588		116,797
Arcutis Biotherapeutics, Inc. (A)	12,939		243,900
Ardelyx, Inc. (A)	28,530		157,200
Argenx SE (A)	6,842		5,055,211
Argenx SE, Additional Offering (A)	158		116,738
ArriVent Biopharma, Inc. (A)(C)	2,973		54,852
Arrowhead Pharmaceuticals, Inc. (A)	14,597		503,451
ARS Pharmaceuticals, Inc. (A)	6,716		67,496
Astria Therapeutics, Inc. (A)	4,093		29,797
Aura Biosciences, Inc. (A)	5,255		32,476
Aurinia Pharmaceuticals, Inc. (A)	14,223		157,164
Avidity Biosciences, Inc. (A)	12,169		530,203
Beam Therapeutics, Inc. (A)(C)	11,597		281,459
Bicara Therapeutics, Inc. (A)(C)	4,258		67,234
BioCryst Pharmaceuticals, Inc. (A)	25,290		191,951
Biogen, Inc. (A)	9,197		1,288,316
Biohaven, Ltd. (A)	11,041		165,725
BioMarin Pharmaceutical, Inc. (A)	30,105		1,630,487
Blueprint Medicines Corp. (A)(D)	9,435		4,340
Bridgebio Pharma, Inc. (A)	18,639		968,110
Bright Minds Biosciences, Inc. (A)	582		35,304
Candel Therapeutics, Inc. (A)(C)	4,896		24,970
Capricor Therapeutics, Inc. (A)(C)	4,499		32,438
CareDx, Inc. (A)	6,641		96,560
Cartesian Therapeutics, Inc., CVR (A)(D)	19,937		51,437
Catalyst Pharmaceuticals, Inc. (A)	13,950		274,815
Celcuity, Inc. (A)	3,488		172,307
Celldex Therapeutics, Inc. (A)	7,979		206,417
CG Oncology, Inc. (A)	6,778		273,018
Chinook Therapeutics, Inc. (A)(D)	9,357		13,110
Cidara Therapeutics, Inc. (A)	1,846		176,773
Cogent Biosciences, Inc. (A)	15,486		222,379
Coherus Oncology, Inc. (A)(C)	12,433		20,390
Compass Therapeutics, Inc. (A)	11,442		40,047
Corvus Pharmaceuticals, Inc. (A)	6,541		48,207
CRISPR Therapeutics AG (A)(C)	9,823		636,629
CSL, Ltd.	55,387		7,285,948
Cullinan Therapeutics, Inc. (A)	6,460		38,308
Cytokinetics, Inc. (A)	32,663		1,795,158
Day One Biopharmaceuticals, Inc. (A)	9,026		63,633
Denali Therapeutics, Inc. (A)	16,215		235,442
Design Therapeutics, Inc. (A)	2,524		19,006

 

217

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
DiaMedica Therapeutics, Inc. (A)	3,420	$	23,495
Dianthus Therapeutics, Inc. (A)	1,954		76,890
Disc Medicine, Inc. (A)	2,721		179,804
Dynavax Technologies Corp. (A)	12,751		126,617
Dyne Therapeutics, Inc. (A)	13,007		164,539
Editas Medicine, Inc. (A)	10,613		36,827
Eledon Pharmaceuticals, Inc. (A)	7,232		18,731
Emergent BioSolutions, Inc. (A)	6,524		57,542
Enanta Pharmaceuticals, Inc. (A)	2,531		30,296
Entrada Therapeutics, Inc. (A)	3,775		21,895
Erasca, Inc. (A)	21,590		47,066
Exelixis, Inc. (A)	42,207		1,743,149
Fennec Pharmaceuticals, Inc. (A)	3,158		29,559
Genmab A/S (A)	6,971		2,150,890
Geron Corp. (A)	64,254		88,028
Gilead Sciences, Inc.	81,352		9,030,072
Gossamer Bio, Inc. (A)	23,189		60,987
GRAIL, Inc. (A)	3,689		218,131
Grifols SA	34,121		496,772
Halozyme Therapeutics, Inc. (A)	18,338		1,344,909
Heron Therapeutics, Inc. (A)	18,869		23,775
Humacyte, Inc. (A)(C)	15,078		26,236
Icosavax, Inc. (A)(D)	4,180		1,296
Ideaya Biosciences, Inc. (A)	9,491		258,250
ImmunityBio, Inc. (A)(C)	28,059		69,025
Immunome, Inc. (A)	9,037		105,823
Immunovant, Inc. (A)	8,496		136,956
Incyte Corp. (A)	10,922		926,295
Inhibrx Biosciences, Inc. (A)	1,117		37,621
Inhibrx, Inc. (A)(D)	5,368		3,382
Intellia Therapeutics, Inc. (A)	11,768		203,233
Iovance Biotherapeutics, Inc. (A)(C)	31,254		67,821
Ironwood Pharmaceuticals, Inc. (A)	20,224		26,493
iTeos Therapeutics, Inc. (A)(D)	4,366		450
Jade Biosciences, Inc. (C)	3,908		33,726
Janux Therapeutics, Inc. (A)	4,791		117,092
KalVista Pharmaceuticals, Inc. (A)	4,667		56,844
Keros Therapeutics, Inc. (A)	4,155		65,732
Kodiak Sciences, Inc. (A)	4,040		66,135
Korro Bio, Inc. (A)	772		36,971
Krystal Biotech, Inc. (A)	2,988		527,472
Kura Oncology, Inc. (A)	9,865		87,305
Kymera Therapeutics, Inc. (A)	5,999		339,543
Larimar Therapeutics, Inc. (A)	5,119		16,534
Lexeo Therapeutics, Inc. (A)	2,949		19,581
Madrigal Pharmaceuticals, Inc. (A)	2,219		1,017,767
MannKind Corp. (A)	36,874		198,013
MeiraGTx Holdings PLC (A)	5,256		43,257
Merrimack Pharmaceuticals, Inc. (A)(D)	1,515		45
Metsera, Inc. (A)(C)	6,376		333,656
MiMedx Group, Inc. (A)	14,720		102,746
Mineralys Therapeutics, Inc. (A)	4,758		180,423
Mirum Pharmaceuticals, Inc. (A)	4,781		350,495
Moderna, Inc. (A)	23,136		597,603
Monopar Therapeutics, Inc. (A)	486		39,692
Monte Rosa Therapeutics, Inc. (A)	5,901		43,726
Myriad Genetics, Inc. (A)	11,175		80,795
Neurocrine Biosciences, Inc. (A)	15,550		2,182,909
Neurogene, Inc. (A)	1,229		21,299
Novavax, Inc. (A)(C)	18,088		156,823
Nurix Therapeutics, Inc. (A)	9,266		85,618
Nuvalent, Inc., Class A (A)	5,198		449,523
Olema Pharmaceuticals, Inc. (A)	7,352		71,976
Organogenesis Holdings, Inc. (A)	8,490		35,828
ORIC Pharmaceuticals, Inc. (A)	6,927		83,124

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Oruka Therapeutics, Inc. (A)	3,409	$	65,555
Palvella Therapeutics, Inc. (A)	846		53,036
PDL BioPharma, Inc. (A)(D)	23,030		3,685
Perspective Therapeutics, Inc. (A)	7,480		25,656
Praxis Precision Medicines, Inc. (A)	2,177		115,381
Precigen, Inc. (A)(C)	18,366		60,424
Prime Medicine, Inc. (A)(C)	9,352		51,810
Protagonist Therapeutics, Inc. (A)	7,040		467,667
Protalix BioTherapeutics, Inc. (A)	9,612		21,339
Prothena Corp. PLC (A)	4,905		47,873
PTC Therapeutics, Inc. (A)	9,204		564,849
Puma Biotechnology, Inc. (A)	5,307		28,180
Recursion Pharmaceuticals, Inc., Class A (A)(C)	43,348		211,538
Regeneron Pharmaceuticals, Inc.	6,684		3,758,213
REGENXBIO, Inc. (A)	5,774		55,719
Regulus Therapeutics, Inc. (A)(D)	9,005		10,446
Relay Therapeutics, Inc. (A)	16,473		85,989
Replimune Group, Inc. (A)	8,131		34,069
Rezolute, Inc. (A)	9,469		89,009
Rhythm Pharmaceuticals, Inc. (A)	6,229		629,067
Rigel Pharmaceuticals, Inc. (A)	2,129		60,315
Rocket Pharmaceuticals, Inc. (A)	10,876		35,456
Roivant Sciences, Ltd. (A)	67,452		1,020,549
Sage Therapeutics, Inc. (A)(D)	8,588		1,546
Sana Biotechnology, Inc. (A)(C)	16,452		58,405
Savara, Inc. (A)	13,217		47,185
Scholar Rock Holding Corp. (A)	9,834		366,218
SELLAS Life Sciences Group, Inc. (A)(C)	11,750		18,918
Sionna Therapeutics, Inc. (A)	1,508		44,350
Soleno Therapeutics, Inc. (A)	5,038		340,569
Solid Biosciences, Inc. (A)	8,103		49,996
Spyre Therapeutics, Inc. (A)	6,107		102,353
Stoke Therapeutics, Inc. (A)	5,417		127,300
Swedish Orphan Biovitrum AB (A)	22,398		684,667
Syndax Pharmaceuticals, Inc. (A)	10,366		159,481
Tango Therapeutics, Inc. (A)(C)	7,984		67,066
Taysha Gene Therapies, Inc. (A)	25,276		82,653
Tectonic Therapeutic, Inc. (A)	1,418		22,248
TG Therapeutics, Inc. (A)	17,240		622,795
Tonix Pharmaceuticals Holding Corp. (A)(C)	922		22,276
Tourmaline Bio, Inc. (A)	2,089		99,917
Travere Therapeutics, Inc. (A)	10,667		254,941
Twist Bioscience Corp. (A)	7,183		202,130
Tyra Biosciences, Inc. (A)	3,045		42,600
United Therapeutics Corp. (A)	7,091		2,972,618
Upstream Bio, Inc. (A)(C)	4,262		80,168
UroGen Pharma, Ltd. (A)	4,482		89,416
Vanda Pharmaceuticals, Inc. (A)	6,728		33,573
Vaxcyte, Inc. (A)	13,636		491,169
Vera Therapeutics, Inc. (A)	6,257		181,828
Veracyte, Inc. (A)	9,465		324,933
Verastem, Inc. (A)	5,533		48,856
Vericel Corp. (A)	6,125		192,754
Vertex Pharmaceuticals, Inc. (A)	16,823		6,588,560
Verve Therapeutics, Inc. (A)(D)	10,103		6,365
Vir Biotechnology, Inc. (A)	11,216		64,043
Viridian Therapeutics, Inc. (A)	8,485		183,106
Voyager Therapeutics, Inc. (A)	5,768		26,937
Xencor, Inc. (A)	8,780		102,989
Xenon Pharmaceuticals, Inc. (A)	9,223		370,303
XOMA Royalty Corp. (A)	1,193		45,978
Zenas Biopharma, Inc. (A)(C)	2,022		44,888

 

218

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Zymeworks, Inc. (A)	6,136	$	104,803
			112,064,243
Health care equipment and supplies – 1.8%
Abbott Laboratories	114,150		15,289,251
Accuray, Inc. (A)	12,686		21,186
Alcon, Inc.	57,159		4,299,204
Align Technology, Inc. (A)	4,632		580,019
Alphatec Holdings, Inc. (A)	14,050		204,287
AngioDynamics, Inc. (A)	4,816		53,795
Artivion, Inc. (A)	4,627		195,907
AtriCure, Inc. (A)	5,879		207,235
Avanos Medical, Inc. (A)	5,567		64,355
Axogen, Inc. (A)	5,350		95,444
Baxter International, Inc.	34,884		794,309
Becton, Dickinson and Company	18,782		3,515,427
Beta Bionics, Inc. (A)(C)	4,580		91,005
BioMerieux	4,739		636,061
Bioventus, Inc., Class A (A)	5,823		38,956
Boston Scientific Corp. (A)	97,301		9,499,497
Butterfly Network, Inc. (A)	23,426		45,212
Ceribell, Inc. (A)	3,179		36,527
Cerus Corp. (A)	25,352		40,310
ClearPoint Neuro, Inc. (A)	3,185		69,401
Cochlear, Ltd.	7,480		1,378,458
Coloplast A/S, B Shares	14,426		1,243,379
CONMED Corp.	3,761		176,880
Delcath Systems, Inc. (A)	3,744		40,248
Demant A/S (A)	9,782		340,531
Dentsply Sirona, Inc.	31,276		396,892
DexCom, Inc. (A)	25,206		1,696,112
Edwards Lifesciences Corp. (A)	38,402		2,986,524
Electromed, Inc. (A)	913		22,414
Embecta Corp.	7,125		100,534
Enovis Corp. (A)	6,940		210,560
Envista Holdings Corp. (A)	26,055		530,740
EssilorLuxottica SA	34,435		11,217,331
Fisher & Paykel Healthcare Corp., Ltd.	67,061		1,440,305
GE HealthCare Technologies, Inc.	29,681		2,229,043
Glaukos Corp. (A)	6,751		550,544
Globus Medical, Inc., Class A (A)	17,658		1,011,274
Haemonetics Corp. (A)	13,166		641,711
Hologic, Inc. (A)	15,148		1,022,339
Hoya Corp.	39,249		5,426,969
ICU Medical, Inc. (A)	2,927		351,123
IDEXX Laboratories, Inc. (A)	5,247		3,352,256
Inogen, Inc. (A)	3,054		24,951
Insulet Corp. (A)	4,440		1,370,761
Integer Holdings Corp. (A)	4,127		426,443
Integra LifeSciences Holdings Corp. (A)	8,212		117,678
Intuitive Surgical, Inc. (A)	23,528		10,522,427
iRadimed Corp.	1,036		73,722
iRhythm Technologies, Inc. (A)	3,793		652,358
Kestra Medical Technologies, Ltd. (A)(C)	1,697		40,321
Koninklijke Philips NV	88,115		2,413,828
Lantheus Holdings, Inc. (A)	18,819		965,227
LeMaitre Vascular, Inc.	2,524		220,875
LivaNova PLC (A)	15,137		792,876
Masimo Corp. (A)	7,240		1,068,262
Medtronic PLC	84,008		8,000,922
Merit Medical Systems, Inc. (A)	7,013		583,692
Neogen Corp. (A)	26,815		153,114
NeuroPace, Inc. (A)	3,096		31,920
Novocure, Ltd. (A)	12,398		160,182
Olympus Corp.	130,298		1,647,360
Omnicell, Inc. (A)	5,648		171,982

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
OraSure Technologies, Inc. (A)	10,373	$	33,297
Orthofix Medical, Inc. (A)	4,891		71,604
OrthoPediatrics Corp. (A)	2,161		40,043
Outset Medical, Inc. (A)(C)	2,220		31,346
Paragon 28, Inc. (A)(D)	6,945		625
Penumbra, Inc. (A)	6,114		1,548,798
PROCEPT BioRobotics Corp. (A)(C)	6,382		227,774
Pulse Biosciences, Inc. (A)(C)	2,143		37,931
QuidelOrtho Corp. (A)	8,228		242,315
ResMed, Inc.	9,559		2,616,585
RxSight, Inc. (A)	4,691		42,172
SANUWAVE Health, Inc. (A)	838		31,408
Semler Scientific, Inc. (A)(C)	1,386		41,580
SI-BONE, Inc. (A)	4,710		69,331
Siemens Healthineers AG (B)	38,708		2,096,665
Sight Sciences, Inc. (A)	5,554		19,106
Smith & Nephew PLC	95,188		1,726,456
Solventum Corp. (A)	9,409		686,857
Sonova Holding AG	5,797		1,590,153
STAAR Surgical Company (A)	6,066		162,993
Stereotaxis, Inc. (A)	7,886		24,525
STERIS PLC	6,234		1,542,541
Straumann Holding AG	12,768		1,368,800
Stryker Corp.	22,582		8,347,888
Surmodics, Inc. (A)	1,751		52,337
Sysmex Corp.	57,604		712,121
Tactile Systems Technology, Inc. (A)	2,996		41,465
Tandem Diabetes Care, Inc. (A)	8,187		99,390
Terumo Corp.	152,420		2,514,399
The Cooper Companies, Inc. (A)	13,594		932,005
TransMedics Group, Inc. (A)	4,011		450,034
Treace Medical Concepts, Inc. (A)	6,051		40,602
UFP Technologies, Inc. (A)	911		181,836
Utah Medical Products, Inc.	394		24,810
Varex Imaging Corp. (A)	5,043		62,533
Zimmer Biomet Holdings, Inc.	13,450		1,324,825
Zimvie, Inc. (A)	3,435		65,059
			130,684,665
Health care providers and services – 1.3%
AdaptHealth Corp. (A)	12,370		110,712
Addus HomeCare Corp. (A)	2,189		258,280
agilon health, Inc. (A)	38,389		39,541
Alignment Healthcare, Inc. (A)	17,480		305,026
AMN Healthcare Services, Inc. (A)	4,668		90,372
Ardent Health, Inc. (A)	2,909		38,544
Astrana Health, Inc. (A)	4,998		141,693
Aveanna Healthcare Holdings, Inc. (A)	5,731		50,834
BrightSpring Health Services, Inc. (A)	11,066		327,111
Brookdale Senior Living, Inc. (A)	27,803		235,491
Cardinal Health, Inc.	15,480		2,429,741
Castle Biosciences, Inc. (A)	3,486		79,376
Cencora, Inc.	12,767		3,990,071
Centene Corp. (A)	30,366		1,083,459
Chemed Corp.	2,285		1,023,086
Clover Health Investments Corp. (A)	49,119		150,304
Community Health Systems, Inc. (A)	16,126		51,764
Concentra Group Holdings Parent, Inc.	14,123		295,594
CorVel Corp. (A)	3,544		274,376
Cross Country Healthcare, Inc. (A)	3,941		55,962
CVS Health Corp.	83,194		6,271,996
DaVita, Inc. (A)	1,958		260,159
DocGo, Inc. (A)	11,774		16,013
Elevance Health, Inc.	14,779		4,775,390
Encompass Health Corp.	15,792		2,005,900
Enhabit, Inc. (A)	6,104		48,893

 

219

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care providers and services (continued)
Fresenius Medical Care AG	25,172	$	1,330,027
Fresenius SE & Company KGaA	48,319		2,700,332
Fulgent Genetics, Inc. (A)	2,598		58,715
GeneDx Holdings Corp. (A)	2,267		244,247
Guardant Health, Inc. (A)	14,243		889,903
HCA Healthcare, Inc.	10,755		4,583,781
HealthEquity, Inc. (A)	23,735		2,249,366
Henry Schein, Inc. (A)	6,631		440,099
Hims & Hers Health, Inc. (A)(C)	55,176		3,129,583
Humana, Inc.	7,794		2,027,765
Labcorp Holdings, Inc.	5,289		1,518,260
LifeStance Health Group, Inc. (A)	16,428		90,354
McKesson Corp.	8,173		6,313,969
Molina Healthcare, Inc. (A)	3,684		704,970
Nano-X Imaging, Ltd. (A)(C)	8,145		30,137
National HealthCare Corp.	1,540		187,125
National Research Corp.	1,686		21,547
NeoGenomics, Inc. (A)	15,831		122,215
NMC Health PLC (A)(D)	19,536		0
Nutex Health, Inc. (A)	417		43,084
Omada Health, Inc. (A)(C)	1,086		24,011
OPKO Health, Inc. (A)	52,833		81,891
Option Care Health, Inc. (A)	45,288		1,257,195
Owens & Minor, Inc. (A)	9,418		45,206
PACS Group, Inc. (A)	5,605		76,957
Pediatrix Medical Group, Inc. (A)	10,330		173,028
Performant Healthcare, Inc. (A)	8,727		67,460
Premier, Inc., Class A	9,398		261,264
Privia Health Group, Inc. (A)	13,964		347,704
Progyny, Inc. (A)	8,906		191,657
Quest Diagnostics, Inc.	7,589		1,446,312
RadNet, Inc. (A)	8,091		616,615
Select Medical Holdings Corp.	13,555		174,046
Sigma Healthcare, Ltd.	528,174		1,037,230
Sonic Healthcare, Ltd.	53,708		760,714
Surgery Partners, Inc. (A)	9,360		202,550
Talkspace, Inc. (A)	19,243		53,111
Tenet Healthcare Corp. (A)	13,852		2,812,510
The Cigna Group	17,527		5,052,158
The Ensign Group, Inc.	15,614		2,697,631
The Joint Corp. (A)	1,821		17,372
The Oncology Institute, Inc. (A)	7,293		25,453
The Pennant Group, Inc. (A)	4,184		105,520
UnitedHealth Group, Inc.	59,419		20,517,381
Universal Health Services, Inc., Class B	3,888		794,863
US Physical Therapy, Inc.	1,836		155,968
Viemed Healthcare, Inc. (A)	4,879		33,128
			90,124,102
Health care technology – 0.1%
Claritev Corp. (A)	944		50,108
Definitive Healthcare Corp. (A)	4,614		18,733
Doximity, Inc., Class A (A)	21,385		1,564,313
Evolent Health, Inc., Class A (A)	14,306		121,029
Health Catalyst, Inc. (A)	9,307		26,525
HealthStream, Inc.	3,044		85,963
LifeMD, Inc. (A)	4,547		30,874
M3, Inc.	50,491		817,364
OptimizeRx Corp. (A)	2,140		43,870
Phreesia, Inc. (A)	6,872		161,629
Pro Medicus, Ltd.	6,572		1,338,031
Schrodinger, Inc. (A)	6,887		138,153
Simulations Plus, Inc. (A)	2,123		31,994
Teladoc Health, Inc. (A)	21,359		165,105
TruBridge, Inc. (A)	1,289		25,999

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care technology (continued)
Waystar Holding Corp. (A)	12,866	$	487,879
			5,107,569
Life sciences tools and services – 0.7%
10X Genomics, Inc., Class A (A)	12,855		150,275
Adaptive Biotechnologies Corp. (A)	18,122		271,105
Agilent Technologies, Inc.	18,507		2,375,373
Avantor, Inc. (A)	106,886		1,333,937
Azenta, Inc. (A)	4,977		142,939
BioLife Solutions, Inc. (A)	4,622		117,907
Bio-Rad Laboratories, Inc., Class A (A)	2,862		802,476
Bio-Techne Corp.	10,657		592,849
Bruker Corp.	17,365		564,189
Charles River Laboratories International, Inc. (A)	3,339		522,420
Codexis, Inc. (A)	10,623		25,920
CryoPort, Inc. (A)	6,073		57,572
Cytek Biosciences, Inc. (A)	14,578		50,586
Danaher Corp.	41,781		8,283,501
Eurofins Scientific SE	13,544		987,715
Fortrea Holdings, Inc. (A)	11,108		93,529
Ginkgo Bioworks Holdings, Inc. (A)(C)	4,754		69,313
Illumina, Inc. (A)	24,098		2,288,587
IQVIA Holdings, Inc. (A)	11,172		2,122,010
Lifecore Biomedical, Inc. (A)	3,567		26,253
Lonza Group AG	8,033		5,371,172
Maravai LifeSciences Holdings, Inc., Class A (A)	15,345		44,040
MaxCyte, Inc. (A)	13,470		21,283
Medpace Holdings, Inc. (A)	3,480		1,789,277
Mesa Laboratories, Inc.	655		43,892
Mettler-Toledo International, Inc. (A)	1,326		1,627,811
Niagen Bioscience, Inc. (A)	6,347		59,218
OmniAb, Inc. (A)	13,796		22,074
OmniAb, Inc., $12.50 Earnout Shares (A)	967		958
OmniAb, Inc., $15.00 Earnout Shares (A)	967		887
Pacific Biosciences of California, Inc. (A)(C)	34,147		43,708
Personalis, Inc. (A)(C)	6,029		39,309
QIAGEN NV	24,772		1,104,918
Quanterix Corp. (A)	5,194		28,203
Quantum-Si, Inc. (A)	16,631		23,450
Repligen Corp. (A)	8,291		1,108,258
Revvity, Inc.	8,013		702,339
Sartorius Stedim Biotech	3,340		680,669
Sotera Health Company (A)	27,611		434,321
Standard BioTools, Inc. (A)	37,469		48,710
Thermo Fisher Scientific, Inc.	24,756		12,007,155
Waters Corp. (A)	4,045		1,212,731
West Pharmaceutical Services, Inc.	4,884		1,281,220
			48,574,059
Pharmaceuticals – 4.0%
Aclaris Therapeutics, Inc. (A)	11,823		22,464
Alumis, Inc. (A)(C)	5,997		23,928
Amneal Pharmaceuticals, Inc. (A)	18,374		183,924
Amphastar Pharmaceuticals, Inc. (A)	4,499		119,898
Amylyx Pharmaceuticals, Inc. (A)	8,477		115,202
ANI Pharmaceuticals, Inc. (A)	2,187		200,329
Aquestive Therapeutics, Inc. (A)	10,595		59,226
Arvinas, Inc. (A)	8,175		69,651
Astellas Pharma, Inc. (C)	207,000		2,256,296
AstraZeneca PLC	177,375		27,174,026
Atea Pharmaceuticals, Inc. (A)	10,752		31,181
Avadel Pharmaceuticals PLC (A)	10,855		165,756

 

220

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Axsome Therapeutics, Inc. (A)	4,796	$	582,474
Bayer AG	112,376		3,741,129
Bristol-Myers Squibb Company	133,318		6,012,642
Chugai Pharmaceutical Company, Ltd.	76,824		3,405,952
CinCor Pharma, Inc. (A)(D)	3,771		11,539
Collegium Pharmaceutical, Inc. (A)	3,865		135,236
CorMedix, Inc. (A)(C)	8,714		101,344
Crinetics Pharmaceuticals, Inc. (A)	10,980		457,317
Daiichi Sankyo Company, Ltd.	195,018		4,387,943
Edgewise Therapeutics, Inc. (A)	8,036		130,344
Eisai Company, Ltd.	30,025		1,014,329
Elanco Animal Health, Inc. (A)	77,893		1,568,765
Eli Lilly & Company	52,159		39,797,317
Enliven Therapeutics, Inc. (A)	4,981		101,961
Esperion Therapeutics, Inc. (A)	24,394		64,644
Eton Pharmaceuticals, Inc. (A)	3,161		68,689
Evolus, Inc. (A)	6,670		40,954
EyePoint Pharmaceuticals, Inc. (A)	6,807		96,932
Fulcrum Therapeutics, Inc. (A)	5,088		46,810
Galderma Group AG (SIX Swiss Exchange)	14,967		2,646,169
GSK PLC	467,157		10,030,777
Haleon PLC	1,027,721		4,624,927
Harmony Biosciences Holdings, Inc. (A)	5,340		147,170
Harrow, Inc. (A)	3,821		184,096
Hikma Pharmaceuticals PLC	19,036		436,991
Indivior PLC (A)	14,653		353,284
Innoviva, Inc. (A)	7,544		137,678
Ipsen SA	4,315		579,402
Jazz Pharmaceuticals PLC (A)	9,510		1,253,418
Johnson & Johnson	157,966		29,290,056
Kyowa Kirin Company, Ltd.	27,056		422,952
LENZ Therapeutics, Inc. (A)	1,908		88,875
Ligand Pharmaceuticals, Inc. (A)	2,302		407,776
Liquidia Corp. (A)	7,780		176,917
Maze Therapeutics, Inc. (A)(C)	2,338		60,624
MBX Biosciences, Inc. (A)	2,090		36,575
MediWound, Ltd. (A)	1,087		19,588
Merck & Company, Inc.	163,815		13,748,993
Merck KGaA	14,784		1,918,146
Mind Medicine MindMed, Inc. (A)(C)	9,211		108,598
Novartis AG	217,468		27,961,672
Novo Nordisk A/S, Class B	368,394		20,512,776
Nuvation Bio, Inc. (A)	30,576		113,131
Ocular Therapeutix, Inc. (A)	17,040		199,198
Omeros Corp. (A)(C)	7,123		29,204
Orion OYJ, Class B	12,448		955,676
Otsuka Holdings Company, Ltd.	49,688		2,649,897
Pacira BioSciences, Inc. (A)	5,576		143,694
Perrigo Company PLC	21,571		480,386
Pfizer, Inc.	372,352		9,487,529
Phathom Pharmaceuticals, Inc. (A)(C)	5,158		60,710
Phibro Animal Health Corp., Class A	2,482		100,422
Poseida Therapeutics, Inc. (A)(D)	9,992		4,996
Prestige Consumer Healthcare, Inc. (A)	5,952		371,405
Rapport Therapeutics, Inc. (A)	2,193		65,132
Recordati Industria Chimica e Farmaceutica SpA	13,157		803,037
Roche Holding AG	80,363		26,759,550
Roche Holding AG, Bearer Shares	3,661		1,266,669
Sandoz Group AG	47,813		2,851,694
Sanofi SA	126,394		11,968,748
scPharmaceuticals, Inc. (A)	4,496		25,492
Septerna, Inc. (A)(C)	2,654		49,922
Shionogi & Company, Ltd.	86,497		1,524,064

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
SIGA Technologies, Inc.	4,978	$	45,549
Supernus Pharmaceuticals, Inc. (A)	6,495		310,396
Takeda Pharmaceutical Company, Ltd. (C)	181,984		5,344,941
Tarsus Pharmaceuticals, Inc. (A)	4,695		279,024
Terns Pharmaceuticals, Inc. (A)	8,896		66,809
Teva Pharmaceutical Industries, Ltd., ADR (A)	131,196		2,650,159
Theravance Biopharma, Inc. (A)	4,799		70,065
Third Harmonic Bio, Inc. (A)(D)	4,081		122
Trevi Therapeutics, Inc. (A)	10,498		96,057
Tvardi Therapeutics, Inc. (A)(C)	563		21,940
UCB SA	14,462		4,036,849
Viatris, Inc.	79,784		789,862
WaVe Life Sciences, Ltd. (A)	13,741		100,584
Xeris Biopharma Holdings, Inc. (A)	18,170		147,904
Zevra Therapeutics, Inc. (A)	6,732		64,021
Zoetis, Inc.	29,009		4,244,597
			285,515,097
			672,069,735
Industrials – 12.9%
Aerospace and defense – 2.7%
AAR Corp. (A)	4,317		387,105
AeroVironment, Inc. (A)	8,787		2,766,938
AerSale Corp. (A)	3,936		32,236
Airbus SE	67,970		15,872,756
AIRO Group Holdings, Inc. (A)	804		15,437
Archer Aviation, Inc., Class A (A)(C)	65,855		630,891
Astronics Corp. (A)	3,686		168,118
ATI, Inc. (A)	21,610		1,757,757
Axon Enterprise, Inc. (A)	5,175		3,713,787
BAE Systems PLC	344,581		9,591,900
BWX Technologies, Inc.	14,330		2,642,022
Byrna Technologies, Inc. (A)	2,216		49,107
Cadre Holdings, Inc.	3,529		128,844
Curtiss-Wright Corp.	5,907		3,207,147
Dassault Aviation SA	2,242		755,269
Ducommun, Inc. (A)	1,661		159,672
Elbit Systems, Ltd.	3,180		1,617,805
Eve Holding, Inc. (A)(C)	6,831		26,026
General Dynamics Corp.	16,567		5,649,347
General Electric Company	69,590		20,934,064
Hensoldt AG	7,266		946,342
Hexcel Corp.	12,474		782,120
Howmet Aerospace, Inc.	26,468		5,193,816
Huntington Ingalls Industries, Inc.	2,667		767,856
Intuitive Machines, Inc. (A)	13,263		139,527
Kongsberg Gruppen ASA	50,308		1,607,709
Kratos Defense & Security Solutions, Inc. (A)	46,465		4,245,507
L3Harris Technologies, Inc.	12,246		3,740,051
Leonardo SpA	46,293		2,962,135
Lockheed Martin Corp.	13,483		6,730,848
Melrose Industries PLC	145,461		1,197,561
Mercury Systems, Inc. (A)	6,294		487,156
Moog, Inc., Class A	3,312		687,803
MTU Aero Engines AG	6,157		2,840,455
National Presto Industries, Inc.	639		71,664
Northrop Grumman Corp.	8,830		5,380,296
Park Aerospace Corp.	2,367		48,145
Redwire Corp. (A)(C)	5,873		52,798
Rheinmetall AG	5,250		12,280,652
Rolls-Royce Holdings PLC	966,443		15,534,839
RTX Corp.	87,815		14,694,084
Saab AB, B Shares	36,639		2,251,182

 

221

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Aerospace and defense (continued)
Safran SA	41,189	$	14,616,701
Satellogic, Inc., Class A (A)(C)	8,091		26,538
Singapore Technologies Engineering, Ltd.	178,591		1,192,546
Textron, Inc.	10,934		923,814
Thales SA	10,601		3,351,129
The Boeing Company (A)	49,605		10,706,247
TransDigm Group, Inc.	3,698		4,874,038
V2X, Inc. (A)	2,287		132,852
Voyager Technologies, Inc., Class A (A)	1,641		48,869
VSE Corp.	2,450		407,288
Woodward, Inc.	9,402		2,375,979
			191,404,775
Air freight and logistics – 0.3%
CH Robinson Worldwide, Inc.	8,071		1,068,600
DHL Group	109,812		4,907,208
DSV A/S	23,378		4,670,236
Expeditors International of Washington, Inc.	8,423		1,032,576
FedEx Corp.	14,249		3,360,057
Forward Air Corp. (A)	2,371		60,792
GXO Logistics, Inc. (A)	17,948		949,270
Hub Group, Inc., Class A	7,219		248,622
InPost SA (A)	28,601		352,125
Radiant Logistics, Inc. (A)	5,217		30,780
SG Holdings Company, Ltd.	32,965		340,508
United Parcel Service, Inc., Class B	48,285		4,033,246
			21,054,020
Building products – 0.8%
A.O. Smith Corp.	7,902		580,086
AAON, Inc.	10,610		991,398
Advanced Drainage Systems, Inc.	11,215		1,555,521
AGC, Inc.	22,385		730,027
Allegion PLC	5,849		1,037,320
American Woodmark Corp. (A)	1,768		118,032
Apogee Enterprises, Inc.	2,601		113,326
Assa Abloy AB, B Shares	114,649		3,990,686
AZZ, Inc.	3,569		389,485
Belimo Holding AG	1,126		1,184,221
Builders FirstSource, Inc. (A)	7,513		910,951
Carlisle Companies, Inc.	6,687		2,199,756
Carrier Global Corp.	52,375		3,126,788
Cie de Saint-Gobain SA	51,377		5,566,780
CSW Industrials, Inc.	1,962		476,276
Daikin Industries, Ltd.	30,175		3,478,033
Fortune Brands Innovations, Inc.	18,820		1,004,800
Geberit AG	3,880		2,930,181
Gibraltar Industries, Inc. (A)	3,630		227,964
Griffon Corp.	4,480		341,152
Insteel Industries, Inc.	2,272		87,108
Janus International Group, Inc. (A)	16,471		162,569
JELD-WEN Holding, Inc. (A)	10,642		52,252
Johnson Controls International PLC	42,857		4,712,127
Kingspan Group PLC	17,702		1,480,081
Lennox International, Inc.	2,171		1,149,241
Masco Corp.	12,810		901,696
Masterbrand, Inc. (A)	15,476		203,819
Nibe Industrier AB, B Shares	173,353		685,172
Owens Corning	13,112		1,854,824
Quanex Building Products Corp.	5,787		82,291
Resideo Technologies, Inc. (A)	16,422		709,102
ROCKWOOL A/S, B Shares	11,028		411,139
Simpson Manufacturing Company, Inc.	6,525		1,092,677
Tecnoglass, Inc.	2,939		196,648
Trane Technologies PLC	14,586		6,154,709

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Building products (continued)
Trex Company, Inc. (A)	16,813	$	868,728
UFP Industries, Inc.	16,275		1,521,550
Zurn Elkay Water Solutions Corp.	17,887		841,226
			54,119,742
Commercial services and supplies – 0.6%
ABM Industries, Inc.	7,455		343,825
ACCO Brands Corp.	10,512		41,943
ACV Auctions, Inc., Class A (A)	20,527		203,423
Brambles, Ltd.	156,367		2,565,615
BrightView Holdings, Inc. (A)	8,206		109,960
Casella Waste Systems, Inc., Class A (A)	7,424		704,389
CECO Environmental Corp. (A)	3,537		181,094
Cimpress PLC (A)	1,847		116,435
Cintas Corp.	22,548		4,628,202
Clean Harbors, Inc. (A)	7,904		1,835,467
Copart, Inc. (A)	57,387		2,580,693
CoreCivic, Inc. (A)	13,027		265,099
Dai Nippon Printing Company, Ltd.	44,993		765,094
Deluxe Corp.	5,363		103,828
Driven Brands Holdings, Inc. (A)	7,381		118,908
Ennis, Inc.	3,130		57,216
Enviri Corp. (A)	9,275		117,700
Healthcare Services Group, Inc. (A)	8,858		149,080
HNI Corp.	5,176		242,496
Interface, Inc.	7,058		204,259
Liquidity Services, Inc. (A)	2,852		78,230
MillerKnoll, Inc.	8,272		146,745
Montrose Environmental Group, Inc. (A)	3,949		108,440
MSA Safety, Inc.	5,769		992,672
OPENLANE, Inc. (A)	12,826		369,132
Perma-Fix Environmental Services, Inc. (A)(C)	2,236		22,584
Pitney Bowes, Inc.	20,399		232,753
Quad/Graphics, Inc.	3,790		23,725
RB Global, Inc.	29,099		3,153,168
Rentokil Initial PLC	288,950		1,463,746
Republic Services, Inc.	13,319		3,056,444
Rollins, Inc.	19,108		1,122,404
Secom Company, Ltd.	48,035		1,762,279
Securitas AB, B Shares	56,258		847,981
Steelcase, Inc., Class A	10,186		175,199
Tetra Tech, Inc.	41,199		1,375,223
The Brink's Company	11,494		1,343,189
The GEO Group, Inc. (A)	16,041		328,680
TOPPAN Holdings, Inc.	26,968		690,975
UniFirst Corp.	1,833		306,459
Veralto Corp.	15,811		1,685,611
Vestis Corp.	14,342		64,969
Waste Management, Inc.	24,379		5,383,615
			40,068,949
Construction and engineering – 0.7%
ACS Actividades de Construccion y Servicios SA	20,509		1,643,963
AECOM	20,766		2,709,340
Ameresco, Inc., Class A (A)	3,938		132,238
API Group Corp. (A)	58,032		1,994,560
Arcosa, Inc.	5,887		551,671
Argan, Inc.	1,605		433,430
Bouygues SA	21,898		987,680
Bowman Consulting Group, Ltd. (A)	1,744		73,876
Centuri Holdings, Inc. (A)	8,423		178,315
Comfort Systems USA, Inc.	5,519		4,554,168
Construction Partners, Inc., Class A (A)	5,594		710,438
Dycom Industries, Inc. (A)	3,343		975,354
Eiffage SA	7,847		1,005,341

 

222

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Construction and engineering (continued)
EMCOR Group, Inc.	2,943	$	1,911,596
Ferrovial SE	58,751		3,374,674
Fluor Corp. (A)	44,847		1,886,713
Granite Construction, Inc.	5,256		576,320
Great Lakes Dredge & Dock Corp. (A)	8,229		98,666
IES Holdings, Inc. (A)	1,094		435,029
Kajima Corp.	48,376		1,409,910
Limbach Holdings, Inc. (A)	1,292		125,479
MasTec, Inc. (A)	9,612		2,045,530
Matrix Service Company (A)	3,438		44,969
MYR Group, Inc. (A)	1,868		388,600
NWPX Infrastructure, Inc. (A)	1,204		63,728
Obayashi Corp.	74,275		1,219,113
Orion Group Holdings, Inc. (A)	4,647		38,663
Primoris Services Corp.	6,431		883,169
Quanta Services, Inc.	9,779		4,052,613
Skanska AB, B Shares	38,925		1,010,333
Sterling Infrastructure, Inc. (A)	3,562		1,209,940
Taisei Corp.	17,808		1,223,717
Tutor Perini Corp. (A)	5,388		353,399
Valmont Industries, Inc.	3,095		1,200,024
Vinci SA	56,569		7,861,506
			47,364,065
Electrical equipment – 1.6%
ABB, Ltd.	179,279		12,973,224
Acuity, Inc.	4,758		1,638,608
Allient, Inc.	1,767		79,073
American Superconductor Corp. (A)	5,213		309,600
AMETEK, Inc.	15,100		2,838,800
Amprius Technologies, Inc. (A)	11,314		119,023
Array Technologies, Inc. (A)	18,470		150,531
Atkore, Inc.	3,934		246,819
Bloom Energy Corp., Class A (A)	25,666		2,170,574
Eaton Corp. PLC	25,566		9,568,076
Emerson Electric Company	36,886		4,838,705
EnerSys	10,396		1,174,332
Enovix Corp. (A)(C)	20,041		199,809
Eos Energy Enterprises, Inc. (A)(C)	30,482		347,190
Fluence Energy, Inc. (A)	9,377		101,272
Fuji Electric Company, Ltd.	15,370		1,030,308
Fujikura, Ltd.	28,766		2,813,801
GE Vernova, Inc.	17,862		10,983,344
Generac Holdings, Inc. (A)	4,016		672,278
Hubbell, Inc.	3,372		1,451,005
Hyliion Holdings Corp. (A)	17,117		33,720
KULR Technology Group, Inc. (A)	3,795		15,787
Legrand SA	29,997		4,984,336
LSI Industries, Inc.	3,390		80,038
Mitsubishi Electric Corp.	217,549		5,587,470
NANO Nuclear Energy, Inc. (A)	3,722		143,520
NEXTracker, Inc., Class A (A)	40,640		3,006,954
Nidec Corp.	95,489		1,697,304
NuScale Power Corp. (A)(C)	15,078		542,808
nVent Electric PLC	25,234		2,489,082
Plug Power, Inc. (A)(C)	130,598		304,293
Powell Industries, Inc.	1,153		351,446
Power Solutions International, Inc. (A)	797		78,281
Preformed Line Products Company	299		58,649
Prysmian SpA	32,204		3,204,991
Regal Rexnord Corp.	10,406		1,492,637
Rockwell Automation, Inc.	7,341		2,565,900
Schneider Electric SE	62,714		17,652,253
Sensata Technologies Holding PLC	22,834		697,579
Shoals Technologies Group, Inc., Class A (A)	20,455		151,572

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
Siemens Energy AG (A)	77,715	$	9,137,661
Sunrun, Inc. (A)	25,336		438,059
T1 Energy, Inc. (A)	13,820		30,128
Thermon Group Holdings, Inc. (A)	4,180		111,690
Vestas Wind Systems A/S	115,515		2,197,467
Vicor Corp. (A)	2,869		142,647
			110,902,644
Ground transportation – 0.7%
ArcBest Corp.	2,793		195,147
Avis Budget Group, Inc. (A)(C)	2,649		425,363
Central Japan Railway Company	88,363		2,533,335
Covenant Logistics Group, Inc.	2,071		44,858
CSX Corp.	122,281		4,342,198
East Japan Railway Company	110,298		2,697,759
FTAI Infrastructure, Inc.	14,289		62,300
Grab Holdings, Ltd., Class A (A)	271,417		1,633,930
Hankyu Hanshin Holdings, Inc.	27,495		810,802
Heartland Express, Inc.	4,756		39,855
Hertz Global Holdings, Inc. (A)(C)	14,432		98,138
JB Hunt Transport Services, Inc.	5,327		714,724
Knight-Swift Transportation Holdings, Inc.	25,446		1,005,371
Landstar System, Inc.	5,433		665,868
Marten Transport, Ltd.	7,312		77,946
MTR Corp., Ltd.	178,017		602,869
Norfolk Southern Corp.	14,704		4,417,229
Old Dominion Freight Line, Inc.	11,860		1,669,651
Proficient Auto Logistics, Inc. (A)	2,904		20,009
RXO, Inc. (A)	19,757		303,863
Ryder System, Inc.	6,395		1,206,353
Saia, Inc. (A)	4,176		1,250,127
Tokyo Metro Company, Ltd. (C)	33,230		380,858
Tokyu Corp.	57,183		697,370
Uber Technologies, Inc. (A)	136,865		13,408,664
Union Pacific Corp.	38,918		9,199,048
Universal Logistics Holdings, Inc.	900		21,096
Werner Enterprises, Inc.	6,231		164,000
West Japan Railway Company	48,492		1,063,329
XPO, Inc. (A)	18,463		2,386,712
			52,138,772
Industrial conglomerates – 0.8%
3M Company	34,923		5,419,351
Brookfield Business Corp., Class A	2,991		100,288
CK Hutchison Holdings, Ltd.	306,673		2,014,835
DCC PLC	11,230		722,897
Hikari Tsushin, Inc.	2,026		564,380
Hitachi, Ltd.	524,067		13,884,142
Honeywell International, Inc.	41,663		8,770,062
Investment AB Latour, B Shares	16,936		402,136
Jardine Matheson Holdings, Ltd.	18,563		1,171,458
Keppel, Ltd.	166,586		1,153,067
Lifco AB, B Shares	26,665		902,869
Sekisui Chemical Company, Ltd.	42,830		797,351
Siemens AG	86,933		23,469,997
Smiths Group PLC	37,832		1,199,469
Swire Pacific, Ltd., Class A	40,095		339,701
			60,912,003
Machinery – 2.3%
3D Systems Corp. (A)(C)	16,086		46,649
Aebi Schmidt Holding AG	4,936		61,552
AGCO Corp.	9,710		1,039,650
Alamo Group, Inc.	1,236		235,952
Albany International Corp., Class A	3,703		197,370
Alfa Laval AB	33,095		1,511,292

 

223

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Alstom SA (A)	39,638	$	1,037,185
Astec Industries, Inc.	2,785		134,042
Atlas Copco AB, A Shares	307,249		5,210,323
Atlas Copco AB, B Shares	178,542		2,686,603
Atmus Filtration Technologies, Inc.	10,016		451,621
Blue Bird Corp. (A)	3,710		213,511
Caterpillar, Inc.	30,751		14,672,840
Chart Industries, Inc. (A)	12,310		2,463,847
CNH Industrial NV	139,238		1,510,732
Columbus McKinnon Corp.	3,664		52,542
Crane Company	7,669		1,412,170
Cummins, Inc.	9,032		3,814,846
Daifuku Company, Ltd.	36,931		1,181,939
Daimler Truck Holding AG	54,347		2,247,332
Deere & Company	16,535		7,560,794
Donaldson Company, Inc.	18,269		1,495,318
Douglas Dynamics, Inc.	2,733		85,434
Dover Corp.	8,674		1,447,083
Energy Recovery, Inc. (A)	6,556		101,094
Enerpac Tool Group Corp.	6,571		269,411
Enpro, Inc.	2,495		563,870
Epiroc AB, A Shares	75,384		1,595,885
Epiroc AB, B Shares	44,606		843,876
Esab Corp.	8,946		999,626
ESCO Technologies, Inc.	3,064		646,841
FANUC Corp.	106,752		3,067,727
Federal Signal Corp.	7,106		845,543
Flowserve Corp.	20,505		1,089,636
Fortive Corp.	23,105		1,131,914
Franklin Electric Company, Inc.	4,589		436,873
GEA Group AG	16,761		1,239,176
Gencor Industries, Inc. (A)	1,452		21,243
Graco, Inc.	25,978		2,207,091
Graham Corp. (A)	1,275		69,998
Helios Technologies, Inc.	4,041		210,657
Hillenbrand, Inc.	8,621		233,112
Hillman Solutions Corp. (A)	24,183		222,000
Hyster-Yale, Inc.	1,496		55,143
IDEX Corp.	5,135		835,773
IHI Corp.	117,663		2,191,388
Illinois Tool Works, Inc.	17,295		4,509,844
Indutrade AB	31,256		719,123
Ingersoll Rand, Inc.	23,688		1,957,103
ITT, Inc.	12,229		2,186,056
JBT Marel Corp.	6,207		871,773
Kadant, Inc.	1,419		422,266
Kawasaki Heavy Industries, Ltd.	17,287		1,140,934
Kennametal, Inc.	8,536		178,658
Knorr-Bremse AG	8,298		780,749
Komatsu, Ltd.	108,776		3,789,451
Kone OYJ, B Shares	38,879		2,651,903
Kubota Corp.	111,900		1,405,957
LB Foster Company, Class A (A)	1,300		35,035
Lincoln Electric Holdings, Inc.	8,652		2,040,401
Lindsay Corp.	1,311		184,274
Luxfer Holdings PLC	3,411		47,413
Makita Corp.	25,624		830,509
Mayville Engineering Company, Inc. (A)	1,879		25,855
Metso OYJ	75,860		1,045,676
Microvast Holdings, Inc. (A)(C)	24,149		92,974
Miller Industries, Inc.	1,348		54,486
MINEBEA MITSUMI, Inc.	41,525		780,287
Mitsubishi Heavy Industries, Ltd.	366,603		9,593,668
Mueller Industries, Inc.	17,356		1,754,865
Mueller Water Products, Inc., Class A	18,813		480,108

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Nordson Corp.	3,675	$	834,041
Omega Flex, Inc.	538		16,778
Oshkosh Corp.	10,034		1,301,410
Otis Worldwide Corp.	25,593		2,339,968
PACCAR, Inc.	34,486		3,390,664
Palladyne AI Corp. (A)(C)	3,015		25,899
Parker-Hannifin Corp.	8,378		6,351,781
Park-Ohio Holdings Corp.	1,278		27,145
Pentair PLC	11,184		1,238,740
Proto Labs, Inc. (A)	2,891		144,637
Rational AG	585		447,044
RBC Bearings, Inc. (A)	4,928		1,923,349
REV Group, Inc.	5,747		325,682
Richtech Robotics, Inc., Class B (A)(C)	8,385		35,972
Sandvik AB	121,963		3,407,083
Schindler Holding AG	2,685		971,565
Schindler Holding AG, Participation Certificates	4,657		1,770,947
SKF AB, B Shares	39,021		970,498
SMC Corp.	6,575		2,032,280
Snap-on, Inc.	3,555		1,231,914
Spirax Group PLC	8,420		775,346
SPX Technologies, Inc. (A)	5,745		1,073,051
Standex International Corp.	1,434		303,865
Stanley Black & Decker, Inc.	10,517		781,729
Techtronic Industries Company, Ltd.	167,564		2,142,008
Tennant Company	2,267		183,763
Terex Corp.	17,714		908,728
The Gorman-Rupp Company	2,687		124,704
The Greenbrier Companies, Inc.	3,684		170,090
The Manitowoc Company, Inc. (A)	4,311		43,153
The Middleby Corp. (A)	7,311		971,851
The Timken Company	9,936		746,988
The Toro Company	15,472		1,178,966
Titan International, Inc. (A)	6,032		45,602
Toyota Industries Corp.	18,636		2,095,962
Trelleborg AB, B Shares	23,200		867,406
Trinity Industries, Inc.	9,876		276,923
VAT Group AG (B)	3,088		1,232,629
Volvo AB, B Shares	181,719		5,225,799
Wabash National Corp.	5,228		51,600
Wabtec Corp.	11,036		2,212,387
Wartsila OYJ ABP	57,533		1,725,684
Watts Water Technologies, Inc., Class A	7,527		2,102,141
Worthington Enterprises, Inc.	3,841		213,137
Xylem, Inc.	15,757		2,324,158
Yangzijiang Shipbuilding Holdings, Ltd.	295,478		773,048
			164,565,987
Marine transportation – 0.1%
A.P. Moller - Maersk A/S, Series A	335		657,131
A.P. Moller - Maersk A/S, Series B	452		888,530
Costamare, Inc.	5,369		63,945
Genco Shipping & Trading, Ltd.	3,872		68,922
Himalaya Shipping, Ltd. (A)(C)	3,689		30,360
Kawasaki Kisen Kaisha, Ltd. (C)	40,210		571,741
Kirby Corp. (A)	8,749		730,104
Kuehne + Nagel International AG	5,525		1,033,934
Matson, Inc.	3,917		386,177
Mitsui OSK Lines, Ltd. (C)	39,429		1,197,044
Nippon Yusen KK (C)	49,655		1,694,484
Pangaea Logistics Solutions, Ltd.	4,333		22,012
Safe Bulkers, Inc.	6,978		30,982

 

224

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Marine transportation (continued)
SITC International Holdings Company, Ltd.	154,421	$	594,539
			7,969,905
Passenger airlines – 0.2%
Alaska Air Group, Inc. (A)	18,079		899,973
Allegiant Travel Company (A)	1,749		106,287
American Airlines Group, Inc. (A)	103,451		1,162,789
ANA Holdings, Inc.	18,283		353,218
Delta Air Lines, Inc.	42,503		2,412,045
Deutsche Lufthansa AG	68,637		582,535
Frontier Group Holdings, Inc. (A)	10,525		46,468
International Consolidated Airlines Group SA	142,170		744,039
Japan Airlines Company, Ltd.	16,504		332,314
JetBlue Airways Corp. (A)	38,896		191,368
Joby Aviation, Inc. (A)	55,093		889,201
Qantas Airways, Ltd.	84,814		612,849
Ryanair Holdings PLC	97,090		2,837,206
Singapore Airlines, Ltd.	173,186		875,526
SkyWest, Inc. (A)	4,854		488,409
Southwest Airlines Company	34,431		1,098,693
Strata Critical Medical, Inc. (A)	7,728		39,104
Sun Country Airlines Holdings, Inc. (A)	6,158		72,726
United Airlines Holdings, Inc. (A)	21,152		2,041,168
			15,785,918
Professional services – 1.0%
Acuren Corp. (A)	20,919		278,432
Alight, Inc., Class A	52,712		171,841
Asure Software, Inc. (A)	3,288		26,962
Automatic Data Processing, Inc.	26,654		7,822,949
Barrett Business Services, Inc.	3,009		133,359
BlackSky Technology, Inc. (A)	3,909		78,766
Broadridge Financial Solutions, Inc.	7,533		1,794,135
Bureau Veritas SA	36,342		1,139,879
CACI International, Inc., Class A (A)	3,448		1,719,793
CBIZ, Inc. (A)	5,811		307,751
Computershare, Ltd.	59,544		1,430,595
Concentrix Corp.	7,016		323,788
Conduent, Inc. (A)	18,520		51,856
CRA International, Inc.	799		166,615
CSG Systems International, Inc.	3,333		214,579
Dayforce, Inc. (A)	10,868		748,697
Equifax, Inc.	8,021		2,057,627
ExlService Holdings, Inc. (A)	25,323		1,114,972
Experian PLC	105,107		5,279,225
Exponent, Inc.	14,088		978,834
First Advantage Corp. (A)	9,722		149,622
Franklin Covey Company (A)	1,590		30,862
FTI Consulting, Inc. (A)	4,977		804,532
Genpact, Ltd.	25,410		1,064,425
Heidrick & Struggles International, Inc.	2,476		123,231
Huron Consulting Group, Inc. (A)	2,051		301,025
IBEX Holdings, Ltd. (A)	1,255		50,853
ICF International, Inc.	2,220		206,016
Innodata, Inc. (A)	3,662		282,230
Insperity, Inc.	10,021		493,033
Intertek Group PLC	18,008		1,146,279
Jacobs Solutions, Inc.	8,168		1,224,056
KBR, Inc.	20,200		955,258
Kelly Services, Inc., Class A	3,826		50,197
Kforce, Inc.	2,220		66,556
Korn Ferry	6,185		432,826
Legalzoom.com, Inc. (A)	14,456		150,053
Leidos Holdings, Inc.	8,147		1,539,457
Maximus, Inc.	15,502		1,416,418

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
Mistras Group, Inc. (A)	2,181	$	21,461
Parsons Corp. (A)	8,372		694,206
Paychex, Inc.	20,956		2,656,383
Paycom Software, Inc.	3,313		689,568
Paylocity Holding Corp. (A)	7,005		1,115,686
Planet Labs PBC (A)	27,835		361,298
Randstad NV	12,413		529,281
RCM Technologies, Inc. (A)	621		16,488
Recruit Holdings Company, Ltd.	152,063		8,175,490
RELX PLC (Euronext Amsterdam Exchange)	209,926		10,030,013
Resolute Holdings Management, Inc. (A)	516		37,229
Resources Connection, Inc.	4,990		25,200
Science Applications International Corp.	7,349		730,270
SGS SA	18,938		1,968,034
Spire Global, Inc. (A)(C)	3,286		36,113
Teleperformance SE	6,164		460,410
TransUnion	30,542		2,558,809
TriNet Group, Inc.	3,625		242,476
TrueBlue, Inc. (A)	3,890		23,846
Upwork, Inc. (A)	14,488		269,042
Verisk Analytics, Inc.	9,065		2,279,938
Verra Mobility Corp. (A)	19,286		476,364
Willdan Group, Inc. (A)	1,682		162,633
WNS Holdings, Ltd. (A)	4,440		338,639
Wolters Kluwer NV	27,283		3,724,127
			73,950,588
Trading companies and distributors – 1.0%
AddTech AB, B Shares	29,733		967,221
AerCap Holdings NV	20,183		2,442,143
Alta Equipment Group, Inc.	2,753		19,932
Applied Industrial Technologies, Inc.	5,971		1,558,730
Ashtead Group PLC	48,811		3,273,330
Beijer Ref AB	44,030		688,265
BlueLinx Holdings, Inc. (A)	945		69,061
Boise Cascade Company	4,369		337,811
Brenntag SE	14,039		841,254
Bunzl PLC	37,481		1,184,669
Core & Main, Inc., Class A (A)	29,735		1,600,635
Custom Truck One Source, Inc. (A)	7,819		50,198
Distribution Solutions Group, Inc. (A)	1,344		40,428
DNOW, Inc. (A)	12,293		187,468
DXP Enterprises, Inc. (A)	1,574		187,416
Fastenal Company	75,281		3,691,780
GATX Corp.	9,841		1,720,207
Global Industrial, Inc.	1,913		70,150
Herc Holdings, Inc.	3,954		461,274
Hudson Technologies, Inc. (A)	4,775		47,416
IMCD NV	6,761		700,761
ITOCHU Corp.	135,967		7,736,300
Karat Packaging, Inc.	1,380		34,790
Marubeni Corp.	161,472		4,029,082
McGrath RentCorp	2,983		349,906
Mitsubishi Corp.	368,083		8,774,874
Mitsui & Company, Ltd.	282,519		7,015,285
MonotaRO Company, Ltd.	28,674		416,310
MRC Global, Inc. (A)	10,345		149,175
MSC Industrial Direct Company, Inc., Class A	7,158		659,538
NPK International, Inc. (A)	9,823		111,098
Rexel SA	25,654		844,612
Rush Enterprises, Inc., Class A	7,011		374,878
Rush Enterprises, Inc., Class B	1,191		68,387
SGH, Ltd.	23,278		768,404
Sumitomo Corp.	124,679		3,607,336

 

225

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
Titan Machinery, Inc. (A)	2,583	$	43,239
Toyota Tsusho Corp.	78,973		2,186,156
Transcat, Inc. (A)	1,122		82,130
United Rentals, Inc.	4,225		4,033,439
W.W. Grainger, Inc.	2,861		2,726,419
Watsco, Inc.	5,472		2,212,330
WESCO International, Inc.	7,630		1,613,745
Willis Lease Finance Corp.	323		44,280
Xometry, Inc., Class A (A)	5,267		286,893
			68,308,755
Transportation infrastructure – 0.1%
Aena SME SA (B)	85,789		2,345,412
Aeroports de Paris SA	3,962		524,884
Auckland International Airport, Ltd.	193,093		882,631
Getlink SE	34,602		638,042
Sky Harbour Group Corp. (A)(C)	2,751		27,152
Transurban Group	355,554		3,244,022
			7,662,143
			916,208,266
Information technology – 22.6%
Communications equipment – 0.7%
ADTRAN Holdings, Inc. (A)	9,102		85,377
Applied Optoelectronics, Inc. (A)	6,500		168,545
Arista Networks, Inc. (A)	67,599		9,849,850
Aviat Networks, Inc. (A)	1,399		32,079
BK Technologies Corp. (A)	336		28,385
Calix, Inc. (A)	7,096		435,482
Ciena Corp. (A)	22,164		3,228,630
Cisco Systems, Inc.	259,527		17,756,837
Clearfield, Inc. (A)	1,457		50,092
CommScope Holding Company, Inc. (A)	25,750		398,610
Digi International, Inc. (A)	4,440		161,882
Extreme Networks, Inc. (A)	15,905		328,438
F5, Inc. (A)	3,904		1,261,734
Harmonic, Inc. (A)	13,592		138,367
Inseego Corp. (A)	1,488		22,275
Lumentum Holdings, Inc. (A)	10,944		1,780,698
Motorola Solutions, Inc.	10,916		4,991,778
NETGEAR, Inc. (A)	3,351		108,539
NetScout Systems, Inc. (A)	8,433		217,824
Nokia OYJ	592,870		2,850,992
Ribbon Communications, Inc. (A)	11,781		44,768
Telefonaktiebolaget LM Ericsson, B Shares (C)	320,125		2,652,557
Viasat, Inc. (A)	14,043		411,460
Viavi Solutions, Inc. (A)	26,718		339,051
			47,344,250
Electronic equipment, instruments and components – 1.1%
908 Devices, Inc. (A)	3,459		30,301
Advanced Energy Industries, Inc.	4,439		755,251
Aeva Technologies, Inc. (A)	3,735		54,158
Amphenol Corp., Class A	80,196		9,924,255
Arlo Technologies, Inc. (A)	12,040		204,078
Arrow Electronics, Inc. (A)	8,075		977,075
Avnet, Inc.	13,148		687,377
Badger Meter, Inc.	3,523		629,137
Bel Fuse, Inc., Class A	220		25,597
Bel Fuse, Inc., Class B	1,239		174,724
Belden, Inc.	10,847		1,304,569
Benchmark Electronics, Inc.	4,299		165,726
CDW Corp.	8,952		1,425,875
Climb Global Solutions, Inc.	475		64,049
Cognex Corp.	26,324		1,192,477
Coherent Corp. (A)	24,371		2,625,244

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Corning, Inc.	50,958	$	4,180,085
Crane NXT Company	7,742		519,256
CTS Corp.	3,593		143,504
Daktronics, Inc. (A)	4,534		94,851
ePlus, Inc.	3,189		226,451
Evolv Technologies Holdings, Inc. (A)	14,052		106,093
Fabrinet (A)	9,930		3,620,677
Flex, Ltd. (A)	58,845		3,411,245
Frequency Electronics, Inc. (A)	846		28,688
Halma PLC	43,428		2,021,604
Hexagon AB, B Shares	237,487		2,833,968
Insight Enterprises, Inc. (A)	3,437		389,790
IPG Photonics Corp. (A)	3,972		314,543
Itron, Inc. (A)	5,376		669,635
Jabil, Inc.	7,297		1,584,689
Keyence Corp.	22,256		8,291,709
Keysight Technologies, Inc. (A)	11,106		1,942,662
Kimball Electronics, Inc. (A)	2,977		88,893
Knowles Corp. (A)	9,811		228,694
Kyocera Corp.	146,860		1,972,872
Littelfuse, Inc.	3,885		1,006,254
Methode Electronics, Inc.	4,360		32,918
MicroVision, Inc. (A)(C)	29,715		36,847
Mirion Technologies, Inc. (A)	25,894		602,294
M-Tron Industries, Inc. (A)	317		17,587
Murata Manufacturing Company, Ltd.	190,859		3,623,277
Napco Security Technologies, Inc.	4,258		182,881
nLight, Inc. (A)	5,864		173,750
Novanta, Inc. (A)	10,005		1,002,001
OSI Systems, Inc. (A)	1,930		481,033
Ouster, Inc. (A)	6,150		166,358
PAR Technology Corp. (A)	4,871		192,794
PC Connection, Inc.	1,375		85,236
Plexus Corp. (A)	3,238		468,506
Powerfleet, Inc. (A)	15,168		79,480
Red Cat Holdings, Inc. (A)(C)	10,214		105,715
Rogers Corp. (A)	2,249		180,955
Sanmina Corp. (A)	6,192		712,761
ScanSource, Inc. (A)	2,289		100,693
Shimadzu Corp.	27,093		683,218
TD SYNNEX Corp.	12,025		1,969,094
TDK Corp.	222,351		3,219,821
TE Connectivity PLC	19,412		4,261,516
Teledyne Technologies, Inc. (A)	2,984		1,748,743
Trimble, Inc. (A)	16,219		1,324,281
TTM Technologies, Inc. (A)	11,957		688,723
Vishay Intertechnology, Inc.	14,655		224,222
Vishay Precision Group, Inc. (A)	1,541		49,389
Vontier Corp.	23,000		965,310
Vuzix Corp. (A)(C)	7,467		23,372
Yokogawa Electric Corp.	26,119		749,578
Zebra Technologies Corp., Class A (A)	3,457		1,027,282
			79,095,691
IT services – 0.8%
Accenture PLC, Class A	40,870		10,078,542
Akamai Technologies, Inc. (A)	9,939		752,979
Applied Digital Corp. (A)	25,613		587,562
ASGN, Inc. (A)	12,060		571,041
Backblaze, Inc., Class A (A)	6,610		61,341
BigBear.ai Holdings, Inc. (A)(C)	34,999		228,193
Capgemini SE	18,620		2,716,238
Cognizant Technology Solutions Corp., Class A	31,928		2,141,411
Commerce.com, Inc., Series 1 (A)	8,615		42,989

 

226

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
DigitalOcean Holdings, Inc. (A)	8,106	$	276,901
EPAM Systems, Inc. (A)	3,851		580,692
Fastly, Inc., Class A (A)	16,763		143,324
Fujitsu, Ltd.	201,370		4,723,802
Gartner, Inc. (A)	4,796		1,260,725
GoDaddy, Inc., Class A (A)	8,917		1,220,113
Grid Dynamics Holdings, Inc. (A)	8,324		64,178
IBM Corp.	61,123		17,246,466
Information Services Group, Inc.	5,022		28,877
Kyndryl Holdings, Inc. (A)	36,240		1,088,287
NEC Corp.	148,249		4,745,315
Nomura Research Institute, Ltd.	43,216		1,659,150
Obic Company, Ltd.	37,026		1,290,482
Okta, Inc. (A)	26,209		2,403,365
Otsuka Corp.	26,079		544,378
SCSK Corp.	17,895		535,655
The Hackett Group, Inc.	3,262		62,011
TIS, Inc.	24,320		802,199
TSS, Inc. (A)(C)	2,147		38,882
Tucows, Inc., Class A (A)	887		16,458
Twilio, Inc., Class A (A)	24,056		2,407,765
Unisys Corp. (A)	8,589		33,497
VeriSign, Inc.	5,489		1,534,560
VTEX, Class A (A)	7,710		33,770
Wix.com, Ltd. (A)	6,368		1,131,148
			61,052,296
Semiconductors and semiconductor equipment – 8.8%
ACM Research, Inc., Class A (A)	6,106		238,928
Advanced Micro Devices, Inc. (A)	106,463		17,224,649
Advantest Corp.	87,636		8,670,943
Aehr Test Systems (A)(C)	3,455		104,030
Aeluma, Inc. (A)	1,109		17,855
Allegro MicroSystems, Inc. (A)	19,438		567,590
Alpha & Omega Semiconductor, Ltd. (A)	3,010		84,160
Ambarella, Inc. (A)	4,918		405,833
Ambiq Micro, Inc. (A)	530		15,858
Amkor Technology, Inc.	17,824		506,202
Analog Devices, Inc.	32,551		7,997,781
Applied Materials, Inc.	52,721		10,794,098
ASM International NV	5,360		3,232,883
ASML Holding NV	45,049		43,931,196
Atomera, Inc. (A)	3,574		15,797
Axcelis Technologies, Inc. (A)	3,880		378,843
BE Semiconductor Industries NV	8,354		1,250,849
Blaize Holdings, Inc. (A)(C)	8,958		30,905
Broadcom, Inc.	308,541		101,790,761
CEVA, Inc. (A)	2,864		75,638
Cirrus Logic, Inc. (A)	8,048		1,008,334
Cohu, Inc. (A)	5,598		113,807
Credo Technology Group Holding, Ltd. (A)	17,685		2,575,113
Diodes, Inc. (A)	5,547		295,156
Disco Corp.	10,543		3,305,656
Entegris, Inc.	23,769		2,197,682
First Solar, Inc. (A)	7,290		1,607,664
FormFactor, Inc. (A)	9,443		343,914
Ichor Holdings, Ltd. (A)	4,243		74,337
Impinj, Inc. (A)	3,079		556,529
Indie Semiconductor, Inc., Class A (A)(C)	23,711		96,504
Infineon Technologies AG	149,380		5,860,202
Intel Corp. (A)	287,065		9,631,031
KLA Corp.	8,671		9,352,541
Kopin Corp. (A)	18,452		44,838
Kulicke & Soffa Industries, Inc.	5,871		238,597

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Lam Research Corp.	83,076	$	11,123,876
Lasertec Corp.	9,167		1,254,091
Lattice Semiconductor Corp. (A)	21,463		1,573,667
MACOM Technology Solutions Holdings, Inc. (A)	10,041		1,250,004
MaxLinear, Inc. (A)	9,914		159,417
Microchip Technology, Inc.	34,875		2,239,673
Micron Technology, Inc.	73,421		12,284,802
MKS, Inc.	10,529		1,303,174
Monolithic Power Systems, Inc.	3,129		2,880,683
Navitas Semiconductor Corp. (A)(C)	16,263		117,419
Nova, Ltd. (A)	3,352		1,065,924
NVE Corp.	622		40,598
NVIDIA Corp.	1,600,621		298,643,866
NXP Semiconductors NV	16,538		3,766,199
ON Semiconductor Corp. (A)	26,183		1,291,084
Onto Innovation, Inc. (A)	7,683		992,797
PDF Solutions, Inc. (A)	4,070		105,087
Penguin Solutions, Inc. (A)	6,059		159,231
Photronics, Inc. (A)	6,575		150,896
Power Integrations, Inc.	15,673		630,211
Qualcomm, Inc.	70,755		11,770,802
Rambus, Inc. (A)	29,751		3,100,054
Renesas Electronics Corp.	192,575		2,215,612
Rigetti Computing, Inc. (A)	38,206		1,138,157
SCREEN Holdings Company, Ltd.	9,296		842,331
Semtech Corp. (A)	10,356		739,936
Silicon Laboratories, Inc. (A)	8,959		1,174,794
SiTime Corp. (A)	2,550		768,341
SkyWater Technology, Inc. (A)	3,152		58,816
Skyworks Solutions, Inc.	10,205		785,581
STMicroelectronics NV	78,179		2,209,724
Synaptics, Inc. (A)	10,524		719,210
Teradyne, Inc.	9,936		1,367,591
Texas Instruments, Inc.	59,642		10,958,025
Tokyo Electron, Ltd.	51,251		9,085,109
Ultra Clean Holdings, Inc. (A)	5,484		149,439
Universal Display Corp.	6,931		995,500
Veeco Instruments, Inc. (A)	6,871		209,085
			623,957,510
Software – 7.3%
8x8, Inc. (A)	16,200		34,344
A10 Networks, Inc.	8,877		161,118
ACI Worldwide, Inc. (A)	12,436		656,248
Adeia, Inc.	13,249		222,583
Adobe, Inc. (A)	27,825		9,815,269
Agilysys, Inc. (A)	3,128		329,222
Alarm.com Holdings, Inc. (A)	5,729		304,095
Alkami Technology, Inc. (A)	8,283		205,750
Amplitude, Inc., Class A (A)	10,911		116,966
Appfolio, Inc., Class A (A)	3,586		988,517
Appian Corp., Class A (A)	4,807		146,950
AppLovin Corp., Class A (A)	17,759		12,760,552
Arteris, Inc. (A)	3,723		37,602
Asana, Inc., Class A (A)	10,083		134,709
Autodesk, Inc. (A)	14,021		4,454,051
AvePoint, Inc. (A)	16,250		243,913
BILL Holdings, Inc. (A)	14,376		761,497
Bit Digital, Inc. (A)	37,805		113,415
Bitdeer Technologies Group, Class A (A)	10,874		185,837
Blackbaud, Inc. (A)	10,494		674,869
Blackline, Inc. (A)	6,074		322,529
Blend Labs, Inc., Class A (A)	25,713		93,852
Box, Inc., Class A (A)	16,892		545,105
Braze, Inc., Class A (A)	9,597		272,939

 

227

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
c3.ai, Inc., Class A (A)	14,722	$	255,279
Cadence Design Systems, Inc. (A)	17,873		6,278,070
Cerence, Inc. (A)	4,513		56,232
Check Point Software Technologies, Ltd. (A)	9,917		2,051,926
Cipher Mining, Inc. (A)	32,036		403,333
CleanSpark, Inc. (A)	33,503		485,794
Clear Secure, Inc., Class A	10,090		336,804
Clearwater Analytics Holdings, Inc., Class A (A)	29,761		536,293
CommVault Systems, Inc. (A)	12,305		2,322,938
Consensus Cloud Solutions, Inc. (A)	2,369		69,578
Core Scientific, Inc. (A)(C)	33,969		609,404
CoreCard Corp. (A)	751		20,217
Crowdstrike Holdings, Inc., Class A (A)	16,351		8,018,203
CyberArk Software, Ltd. (A)	5,465		2,640,415
Daily Journal Corp. (A)	151		70,236
Dassault Systemes SE	76,890		2,586,658
Datadog, Inc., Class A (A)	20,894		2,975,306
Digimarc Corp. (A)	2,171		21,211
Digital Turbine, Inc. (A)	12,420		79,488
DocuSign, Inc. (A)	31,680		2,283,811
Dolby Laboratories, Inc., Class A	9,593		694,245
Domo, Inc., Class B (A)	3,687		58,402
Dropbox, Inc., Class A (A)	29,018		876,634
D-Wave Quantum, Inc. (A)(C)	36,936		912,689
Dynatrace, Inc. (A)	47,272		2,290,328
eGain Corp. (A)	2,700		23,517
EverCommerce, Inc. (A)(C)	2,149		23,918
Fair Isaac Corp. (A)	1,576		2,358,531
Five9, Inc. (A)	9,251		223,874
Fortinet, Inc. (A)	43,186		3,631,079
Freshworks, Inc., Class A (A)	23,283		274,041
Gen Digital, Inc.	37,104		1,053,383
Guidewire Software, Inc. (A)	13,201		3,034,382
Hut 8 Corp. (A)	11,387		396,381
i3 Verticals, Inc., Class A (A)	2,818		91,472
Intapp, Inc. (A)	6,717		274,725
InterDigital, Inc.	3,086		1,065,380
Intuit, Inc.	18,298		12,495,887
Jamf Holding Corp. (A)	9,333		99,863
Life360, Inc. (A)(C)	1,946		206,860
LiveRamp Holdings, Inc. (A)	7,883		213,945
Manhattan Associates, Inc. (A)	9,481		1,943,415
MARA Holdings, Inc. (A)	44,377		810,324
Mercurity Fintech Holding, Inc. (A)(C)	3,918		96,304
MeridianLink, Inc. (A)	4,027		80,258
Microsoft Corp.	487,586		252,545,169
Mitek Systems, Inc. (A)	5,414		52,895
Monday.com, Ltd. (A)	4,646		899,884
N-able, Inc. (A)	9,328		72,758
NCR Voyix Corp. (A)	16,789		210,702
Nemetschek SE	6,606		862,094
NextNav, Inc. (A)	10,709		153,139
Nice, Ltd. (A)	7,235		1,048,091
Nutanix, Inc., Class A (A)	42,030		3,126,612
ON24, Inc. (A)	4,981		28,491
OneSpan, Inc.	4,357		69,233
Ooma, Inc. (A)	3,347		40,131
Oracle Corp.	108,709		30,573,319
Oracle Corp. Japan	4,403		449,560
Pagaya Technologies, Ltd., Class A (A)	5,465		162,256
PagerDuty, Inc. (A)	10,260		169,495
Palantir Technologies, Inc., Class A (A)	149,196		27,216,334
Palo Alto Networks, Inc. (A)	43,831		8,924,868

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Pegasystems, Inc.	14,484	$	832,830
Porch Group, Inc. (A)	9,752		163,639
Progress Software Corp. (A)	5,170		227,118
PROS Holdings, Inc. (A)	5,386		123,393
PTC, Inc. (A)	7,611		1,545,185
Q2 Holdings, Inc. (A)	7,300		528,447
Qualys, Inc. (A)	10,056		1,330,710
Rapid7, Inc. (A)	7,831		146,831
Red Violet, Inc.	1,400		73,150
ReposiTrak, Inc. (C)	1,558		23,090
Rezolve AI PLC (A)(C)	17,518		87,240
Rimini Street, Inc. (A)	6,324		29,596
Riot Platforms, Inc. (A)	41,617		791,972
Roper Technologies, Inc.	7,034		3,507,785
Salesforce, Inc.	62,706		14,861,322
SAP SE	119,445		31,983,472
Sapiens International Corp. NV	3,821		164,303
SEMrush Holdings, Inc., Class A (A)	5,818		41,191
ServiceNow, Inc. (A)	13,646		12,558,141
SoundHound AI, Inc., Class A (A)(C)	43,623		701,458
Sprinklr, Inc., Class A (A)	13,598		104,977
Sprout Social, Inc., Class A (A)	6,405		82,753
SPS Commerce, Inc. (A)	4,619		481,023
Synopsys, Inc. (A)	12,145		5,992,222
Telos Corp. (A)	6,782		46,389
Tenable Holdings, Inc. (A)	14,801		431,597
TeraWulf, Inc. (A)	33,892		387,047
The Sage Group PLC	110,712		1,642,356
Trend Micro, Inc.	14,505		793,898
Tyler Technologies, Inc. (A)	2,932		1,533,905
Varonis Systems, Inc. (A)	13,069		751,075
Verint Systems, Inc. (A)	6,818		138,065
Vertex, Inc., Class A (A)	7,930		196,585
Viant Technology, Inc., Class A (A)	2,076		17,916
Weave Communications, Inc. (A)	7,234		48,323
WiseTech Global, Ltd.	22,966		1,372,984
Workday, Inc., Class A (A)	14,162		3,409,218
Workiva, Inc. (A)	6,102		525,260
Xero, Ltd. (A)	18,831		1,964,923
Xperi, Inc. (A)	5,571		36,100
Yext, Inc. (A)	12,746		108,596
Zeta Global Holdings Corp., Class A (A)	22,171		440,538
			515,744,619
Technology hardware, storage and peripherals – 3.9%
Apple, Inc.	973,524		247,888,416
Canon, Inc.	99,166		2,893,969
CompoSecure, Inc., Class A (A)	5,326		110,887
Corsair Gaming, Inc. (A)	5,744		51,236
Dell Technologies, Inc., Class C	19,515		2,766,642
Diebold Nixdorf, Inc. (A)	3,074		175,310
Eastman Kodak Company (A)	7,978		51,139
FUJIFILM Holdings Corp.	128,055		3,184,508
Hewlett Packard Enterprise Company	84,817		2,083,106
HP, Inc.	60,113		1,636,877
Immersion Corp.	3,503		25,712
IonQ, Inc. (A)	33,062		2,033,313
Logitech International SA	17,397		1,913,642
NetApp, Inc.	12,934		1,532,162
Pure Storage, Inc., Class A (A)	48,680		4,079,871
Quantum Computing, Inc. (A)(C)	16,049		295,462
Seagate Technology Holdings PLC	13,907		3,282,886
Super Micro Computer, Inc. (A)	32,424		1,554,407
Turtle Beach Corp. (A)	1,872		29,765
Western Digital Corp.	22,619		2,715,637

 

228

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Technology hardware, storage and peripherals (continued)
Xerox Holdings Corp. (C)	14,492	$	54,490
			278,359,437
			1,605,553,803
Materials – 3.3%
Chemicals – 1.5%
AdvanSix, Inc.	3,219		62,384
Air Liquide SA	66,170		13,786,962
Air Products & Chemicals, Inc.	14,574		3,974,621
Akzo Nobel NV	19,535		1,394,169
Albemarle Corp.	7,999		648,559
American Vanguard Corp. (A)	3,503		20,107
Arkema SA	6,525		413,738
Arq, Inc. (A)	4,037		28,905
Asahi Kasei Corp.	140,604		1,105,109
Ashland, Inc.	7,166		343,323
ASP Isotopes, Inc. (A)	9,106		87,600
Aspen Aerogels, Inc. (A)	8,154		56,752
Avient Corp.	25,501		840,258
Axalta Coating Systems, Ltd. (A)	33,955		971,792
Balchem Corp.	3,836		575,630
BASF SE	102,092		5,100,949
Cabot Corp.	14,635		1,112,992
CF Industries Holdings, Inc.	11,013		987,866
Corteva, Inc.	44,556		3,013,322
Covestro AG (A)	20,538		1,406,130
Dow, Inc.	43,537		998,303
DSM-Firmenich AG	21,273		1,814,976
DuPont de Nemours, Inc.	27,006		2,103,767
Eastman Chemical Company	7,849		494,879
Ecolab, Inc.	16,735		4,583,047
Ecovyst, Inc. (A)	14,353		125,732
EMS-Chemie Holding AG	803		570,507
Evonik Industries AG	29,316		509,779
Flotek Industries, Inc. (A)	1,815		26,499
Givaudan SA	1,056		4,307,466
Hawkins, Inc.	2,356		430,488
HB Fuller Company	6,583		390,240
ICL Group, Ltd.	88,581		553,123
Ingevity Corp. (A)	4,432		244,602
Innospec, Inc.	3,042		234,721
International Flavors & Fragrances, Inc.	17,389		1,070,119
Intrepid Potash, Inc. (A)	1,375		42,048
Koppers Holdings, Inc.	2,417		67,676
Kronos Worldwide, Inc.	3,297		18,925
Linde PLC	30,766		14,613,850
LSB Industries, Inc. (A)	6,896		54,340
LyondellBasell Industries NV, Class A	17,478		857,121
Mativ Holdings, Inc.	6,635		75,042
Minerals Technologies, Inc.	3,880		241,026
Mitsubishi Chemical Group Corp.	146,459		841,282
NewMarket Corp.	1,223		1,012,901
Nippon Paint Holdings Company, Ltd.	108,463		739,974
Nippon Sanso Holdings Corp.	19,816		701,797
Nitto Denko Corp.	80,844		1,916,385
Novonesis A/S, B Shares	40,307		2,480,655
Olin Corp.	17,974		449,170
Orion SA	6,933		52,552
Perimeter Solutions, Inc. (A)	16,824		376,689
PPG Industries, Inc.	14,407		1,514,320
PureCycle Technologies, Inc. (A)(C)	15,742		207,007
Quaker Chemical Corp.	1,691		222,789
Rayonier Advanced Materials, Inc. (A)	7,923		57,204
RPM International, Inc.	20,127		2,372,571
Sensient Technologies Corp.	5,090		477,697
Shin-Etsu Chemical Company, Ltd.	192,997		6,319,400

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Sika AG	17,439	$	3,916,079
Stepan Company	2,682		127,931
Syensqo SA	8,321		675,567
Symrise AG	15,189		1,320,991
The Chemours Company	18,277		289,508
The Mosaic Company	21,565		747,874
The Scotts Miracle-Gro Company	6,970		396,942
The Sherwin-Williams Company	15,236		5,275,617
Toray Industries, Inc.	158,630		1,012,022
Tronox Holdings PLC	15,042		60,469
Westlake Corp.	5,228		402,870
Yara International ASA	18,940		694,226
			105,021,933
Construction materials – 0.3%
Amrize, Ltd. (A)	58,358		2,853,461
Eagle Materials, Inc.	5,088		1,185,708
Heidelberg Materials AG	15,308		3,460,309
Holcim, Ltd. (A)	58,358		4,979,366
James Hardie Industries PLC, CHESS Depositary Interest (A)	66,190		1,228,445
Knife River Corp. (A)	15,647		1,202,785
Martin Marietta Materials, Inc.	3,916		2,468,176
Titan America SA (A)(C)	3,176		47,449
United States Lime & Minerals, Inc.	1,331		175,093
Vulcan Materials Company	8,601		2,645,840
			20,246,632
Containers and packaging – 0.2%
Amcor PLC	155,770		1,274,199
AptarGroup, Inc.	10,329		1,380,574
Ardagh Metal Packaging SA	17,397		69,414
Avery Dennison Corp.	5,315		861,934
Ball Corp.	16,599		836,922
Crown Holdings, Inc.	18,037		1,742,194
Graphic Packaging Holding Company	46,447		908,968
Greif, Inc., Class A	7,037		420,531
Greif, Inc., Class B	646		39,800
International Paper Company	33,527		1,555,653
Myers Industries, Inc.	4,481		75,908
O-I Glass, Inc. (A)	18,543		240,503
Packaging Corp. of America	6,073		1,323,489
Ranpak Holdings Corp. (A)	6,115		34,366
SIG Group AG (A)	34,984		362,811
Silgan Holdings, Inc.	13,923		598,828
Smurfit WestRock PLC	33,712		1,435,120
Sonoco Products Company	15,464		666,344
TriMas Corp.	3,997		154,444
			13,982,002
Metals and mining – 1.2%
1911 Gold Corp. (A)	3,149		2,078
Alcoa Corp.	40,594		1,335,137
Alpha Metallurgical Resources, Inc. (A)	1,418		232,680
American Battery Technology Company (A)(C)	10,019		48,692
Anglo American PLC	128,016		4,827,138
Antofagasta PLC	45,109		1,677,600
ArcelorMittal SA	53,652		1,935,545
Ascent Industries Company (A)	1,376		17,723
BHP Group, Ltd.	580,622		16,219,790
BlueScope Steel, Ltd.	50,170		753,597
Boliden AB (A)	32,513		1,327,127
Caledonia Mining Corp. PLC	2,052		74,303
Carpenter Technology Corp.	7,816		1,919,141
Century Aluminum Company (A)	6,328		185,790
Cleveland-Cliffs, Inc. (A)	77,561		946,244

 

229

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Metals and mining (continued)
Coeur Mining, Inc. (A)	76,567	$	1,436,397
Commercial Metals Company	30,833		1,766,114
Compass Minerals International, Inc. (A)	4,208		80,794
Constellium SE (A)	17,249		256,665
Contango ORE, Inc. (A)	1,090		27,174
Critical Metals Corp. (A)(C)	3,861		24,015
Dakota Gold Corp. (A)	10,862		49,422
Evolution Mining, Ltd.	229,045		1,632,754
Ferroglobe PLC	14,566		66,275
Fortescue, Ltd.	193,705		2,398,929
Freeport-McMoRan, Inc.	94,173		3,693,465
Fresnillo PLC	25,287		806,623
Glencore PLC (A)	1,159,576		5,340,571
Hecla Mining Company	71,499		865,138
Idaho Strategic Resources, Inc. (A)	1,538		51,969
Ivanhoe Electric, Inc. (A)	10,707		134,373
JFE Holdings, Inc.	65,832		807,832
Kaiser Aluminum Corp.	1,948		150,308
MAC Copper, Ltd. (A)	7,413		90,513
Materion Corp.	2,495		301,421
Metallus, Inc. (A)	4,531		74,897
MP Materials Corp. (A)	21,102		1,415,311
Newmont Corp.	71,998		6,070,151
NioCorp Developments, Ltd. (A)	8,432		56,326
Nippon Steel Corp.	553,195		2,278,468
Norsk Hydro ASA	158,419		1,077,110
Northern Star Resources, Ltd.	155,237		2,424,073
Novagold Resources, Inc. (A)	36,402		320,338
Nucor Corp.	14,910		2,019,261
Olympic Steel, Inc.	1,248		38,002
Pan American Silver Corp. (A)	54,671		19,129
Perpetua Resources Corp. (A)	9,057		183,223
Ramaco Resources, Inc., Class A (A)	3,474		115,302
Reliance, Inc.	8,246		2,315,724
Rio Tinto PLC	129,099		8,507,934
Rio Tinto, Ltd.	42,462		3,425,113
Royal Gold, Inc.	10,321		2,070,186
Ryerson Holding Corp.	3,379		77,244
South32, Ltd.	515,149		933,819
SSR Mining, Inc. (A)	24,152		589,792
Steel Dynamics, Inc.	9,385		1,308,551
Sumitomo Metal Mining Company, Ltd.	28,275		910,312
SunCoke Energy, Inc.	10,216		83,363
Tredegar Corp. (A)	3,606		28,956
United States Antimony Corp. (A)(C)	11,135		69,037
US Gold Corp. (A)	1,442		23,764
Vox Royalty Corp.	5,980		25,714
Warrior Met Coal, Inc.	6,312		401,696
Worthington Steel, Inc.	4,073		123,778
			88,469,911
Paper and forest products – 0.1%
Clearwater Paper Corp. (A)	1,957		40,627
Holmen AB, B Shares	8,718		331,232
Louisiana-Pacific Corp.	9,936		882,714
Magnera Corp. (A)	4,139		48,509
Mondi PLC	50,493		698,423
Resolute Forest Products, Inc. (A)(D)	7,217		10,248
Stora Enso OYJ, R Shares	66,622		733,169
Svenska Cellulosa AB SCA, B Shares	69,489		919,791
Sylvamo Corp.	4,179		184,795
UPM-Kymmene OYJ	60,365		1,653,194
			5,502,702
			233,223,180

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate – 2.4%
Diversified REITs – 0.1%
Alexander & Baldwin, Inc.	9,237	$	168,021
Alpine Income Property Trust, Inc.	1,952		27,660
American Assets Trust, Inc.	6,323		128,483
Armada Hoffler Properties, Inc.	9,244		64,800
Broadstone Net Lease, Inc.	22,637		404,523
CapitaLand Integrated Commercial Trust	669,589		1,189,153
Covivio SA	6,384		430,277
CTO Realty Growth, Inc.	3,627		59,120
Essential Properties Realty Trust, Inc.	23,612		702,693
Gladstone Commercial Corp.	5,582		68,770
Global Net Lease, Inc.	24,587		199,892
Land Securities Group PLC	80,947		634,893
Modiv Industrial, Inc.	1,290		18,886
NexPoint Diversified Real Estate Trust	4,826		17,808
One Liberty Properties, Inc.	2,548		56,362
Stockland	274,493		1,110,108
WP Carey, Inc.	34,334		2,319,948
			7,601,397
Health care REITs – 0.3%
Alexandria Real Estate Equities, Inc.	10,465		872,153
American Healthcare REIT, Inc.	18,880		793,149
CareTrust REIT, Inc.	25,410		881,219
Community Healthcare Trust, Inc.	3,370		51,561
Diversified Healthcare Trust	26,929		118,757
Global Medical REIT, Inc.	1,548		52,183
Healthcare Realty Trust, Inc.	55,127		993,940
Healthpeak Properties, Inc.	47,224		904,340
LTC Properties, Inc.	5,411		199,449
National Health Investors, Inc.	5,536		440,112
Omega Healthcare Investors, Inc.	46,252		1,952,759
Sabra Health Care REIT, Inc.	66,016		1,230,538
Sila Realty Trust, Inc.	6,687		167,844
Universal Health Realty Income Trust	1,640		64,239
Ventas, Inc.	29,033		2,032,020
Welltower, Inc.	44,003		7,838,694
			18,592,957
Hotel and resort REITs – 0.0%
Apple Hospitality REIT, Inc.	26,191		314,554
Braemar Hotels & Resorts, Inc.	8,105		22,127
Chatham Lodging Trust	5,853		39,274
DiamondRock Hospitality Company	25,061		199,486
Host Hotels & Resorts, Inc.	40,838		695,063
Park Hotels & Resorts, Inc.	31,345		347,303
Pebblebrook Hotel Trust	14,053		160,064
RLJ Lodging Trust	17,496		125,971
Ryman Hospitality Properties, Inc.	7,238		648,452
Service Properties Trust	19,338		52,406
Summit Hotel Properties, Inc.	13,446		73,819
Sunstone Hotel Investors, Inc.	21,716		203,479
Xenia Hotels & Resorts, Inc.	10,782		147,929
			3,029,927
Industrial REITs – 0.3%
CapitaLand Ascendas REIT	447,867		969,181
EastGroup Properties, Inc.	8,350		1,413,321
First Industrial Realty Trust, Inc.	20,759		1,068,466
Goodman Group	232,336		5,034,954
Industrial Logistics Properties Trust	6,811		39,708
Innovative Industrial Properties, Inc.	3,364		180,243
LXP Industrial Trust	35,396		317,148
Plymouth Industrial REIT, Inc.	5,482		122,413
Prologis, Inc.	60,945		6,979,421
Rexford Industrial Realty, Inc.	37,021		1,521,933
Segro PLC	147,079		1,299,596

 

230

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Industrial REITs (continued)
STAG Industrial, Inc.	29,271	$	1,032,974
Terreno Realty Corp.	12,008		681,454
			20,660,812
Office REITs – 0.1%
Brandywine Realty Trust	21,146		88,179
BXP, Inc.	9,901		736,040
City Office REIT, Inc.	5,048		35,134
COPT Defense Properties	31,294		909,404
Cousins Properties, Inc.	26,335		762,135
Douglas Emmett, Inc.	19,511		303,786
Easterly Government Properties, Inc.	4,661		106,877
Empire State Realty Trust, Inc., Class A	16,643		127,485
Franklin Street Properties Corp.	11,132		17,811
Gecina SA	5,266		529,021
Hudson Pacific Properties, Inc. (A)	44,100		121,716
JBG SMITH Properties	7,330		163,093
Kilroy Realty Corp.	17,063		720,912
NET Lease Office Properties	1,799		53,358
Nippon Building Fund, Inc.	890		839,794
Paramount Group, Inc. (A)	22,804		149,138
Peakstone Realty Trust	4,594		60,273
Piedmont Realty Trust, Inc.	15,401		138,609
Postal Realty Trust, Inc., Class A	2,766		43,399
SL Green Realty Corp.	8,476		506,950
Vornado Realty Trust	25,292		1,025,085
			7,438,199
Real estate management and development – 0.5%
Anywhere Real Estate, Inc. (A)	12,914		136,759
Azrieli Group, Ltd.	4,854		481,510
CapitaLand Investment, Ltd.	267,812		559,312
CBRE Group, Inc., Class A (A)	19,268		3,035,866
CK Asset Holdings, Ltd.	220,174		1,066,325
Compass, Inc., Class A (A)	56,387		452,788
CoStar Group, Inc. (A)	27,420		2,313,425
Cushman & Wakefield PLC (A)	27,842		443,245
Daito Trust Construction Company, Ltd.	33,500		735,031
Daiwa House Industry Company, Ltd.	64,120		2,302,870
Douglas Elliman, Inc. (A)	9,088		25,992
eXp World Holdings, Inc.	10,622		113,231
Fastighets AB Balder, B Shares (A)	82,131		588,510
Forestar Group, Inc. (A)	2,390		63,550
FRP Holdings, Inc. (A)	1,664		40,535
Henderson Land Development Company, Ltd.	166,129		585,183
Hongkong Land Holdings, Ltd.	124,939		790,889
Hulic Company, Ltd.	52,708		577,381
Jones Lang LaSalle, Inc. (A)	7,429		2,215,922
Kennedy-Wilson Holdings, Inc.	15,295		127,254
LEG Immobilien SE	8,644		688,907
Marcus & Millichap, Inc.	3,158		92,687
Mitsubishi Estate Company, Ltd.	121,618		2,795,248
Mitsui Fudosan Company, Ltd.	302,333		3,291,229
Newmark Group, Inc., Class A	18,210		339,617
RE/MAX Holdings, Inc., Class A (A)	2,335		22,019
Sagax AB, Class B	25,140		525,213
Seaport Entertainment Group, Inc. (A)	979		22,439
Sino Land Company, Ltd.	418,643		529,301
Sumitomo Realty & Development Company, Ltd.	35,398		1,561,384
Sun Hung Kai Properties, Ltd.	165,731		1,982,399
Swiss Prime Site AG	9,177		1,285,595
Tejon Ranch Company (A)	2,873		45,911
The Real Brokerage, Inc. (A)	13,092		54,725
The RMR Group, Inc., Class A	2,060		32,404
The St. Joe Company	4,625		228,845

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Real estate management and development (continued)
The Wharf Holdings, Ltd.	122,344	$	349,652
Vonovia SE	86,025		2,688,437
Wharf Real Estate Investment Company, Ltd.	191,006		564,003
			33,755,593
Residential REITs – 0.2%
American Homes 4 Rent, Class A	51,087		1,698,643
Apartment Investment and Management Company, Class A	16,394		130,004
AvalonBay Communities, Inc.	9,091		1,756,108
BRT Apartments Corp.	1,980		31,007
Camden Property Trust	7,263		775,543
Centerspace	2,018		118,860
Elme Communities	10,667		179,846
Equity LifeStyle Properties, Inc.	30,383		1,844,248
Equity Residential	23,245		1,504,649
Essex Property Trust, Inc.	4,377		1,171,548
Independence Realty Trust, Inc.	64,386		1,055,287
Invitation Homes, Inc.	35,012		1,026,902
Mid-America Apartment Communities, Inc.	7,958		1,111,971
NexPoint Residential Trust, Inc.	2,879		92,761
UDR, Inc.	20,493		763,569
UMH Properties, Inc.	9,745		144,713
Veris Residential, Inc.	9,809		149,097
			13,554,756
Retail REITs – 0.4%
Acadia Realty Trust	15,916		320,707
Agree Realty Corp.	17,320		1,230,413
Alexander's, Inc.	282		66,126
Brixmor Property Group, Inc.	47,992		1,328,419
CBL & Associates Properties, Inc.	2,119		64,799
Curbline Properties Corp.	11,926		265,950
Federal Realty Investment Trust	5,277		534,613
FrontView REIT, Inc.	2,139		29,326
Getty Realty Corp.	6,313		169,378
InvenTrust Properties Corp.	9,315		266,595
Kimco Realty Corp.	45,991		1,004,903
Kite Realty Group Trust	60,786		1,355,528
Klepierre SA	24,609		960,733
Link REIT	297,371		1,527,888
NETSTREIT Corp.	10,983		198,353
NNN REIT, Inc.	29,598		1,259,987
Phillips Edison & Company, Inc.	14,735		505,853
Realty Income Corp.	59,537		3,619,254
Regency Centers Corp.	11,107		809,700
Saul Centers, Inc.	1,688		53,797
Scentre Group	595,779		1,607,040
Simon Property Group, Inc.	21,478		4,030,776
SITE Centers Corp.	6,131		55,240
Tanger, Inc.	13,357		452,001
The Macerich Company	29,873		543,689
Unibail-Rodamco-Westfield (A)	13,927		1,466,717
Urban Edge Properties	15,275		312,679
Vicinity, Ltd.	443,612		739,064
Whitestone REIT	5,717		70,205
			24,849,733
Specialized REITs – 0.5%
American Tower Corp.	30,760		5,915,763
Crown Castle, Inc.	28,433		2,743,500
CubeSmart	35,752		1,453,676
Digital Realty Trust, Inc.	20,874		3,608,697
EPR Properties	11,934		692,291
Equinix, Inc.	6,430		5,036,233

 

231

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialized REITs (continued)
Extra Space Storage, Inc.	13,652	$	1,924,113
Farmland Partners, Inc.	5,335		58,045
Four Corners Property Trust, Inc.	11,532		281,381
Gaming and Leisure Properties, Inc.	44,372		2,068,179
Gladstone Land Corp.	4,520		41,403
Iron Mountain, Inc.	18,944		1,931,151
Lamar Advertising Company, Class A	13,609		1,666,014
National Storage Affiliates Trust	11,069		334,505
Outfront Media, Inc.	16,659		305,193
PotlatchDeltic Corp.	20,618		840,184
Public Storage	10,343		2,987,576
Rayonier, Inc.	22,237		590,170
Safehold, Inc.	6,815		105,564
SBA Communications Corp.	7,304		1,412,228
Smartstop Self Storage REIT, Inc.	3,590		135,128
VICI Properties, Inc.	68,443		2,231,926
Weyerhaeuser Company	44,781		1,110,121
			37,473,041
			166,956,415
Utilities – 2.7%
Electric utilities – 1.5%
Acciona SA	2,824		567,451
ALLETE, Inc.	15,986		1,061,470
Alliant Energy Corp.	17,464		1,177,248
American Electric Power Company, Inc.	34,982		3,935,475
BKW AG	2,416		518,181
Chubu Electric Power Company, Inc.	78,034		1,083,736
CK Infrastructure Holdings, Ltd.	72,048		472,696
CLP Holdings, Ltd.	187,849		1,554,319
Constellation Energy Corp.	20,509		6,748,897
Contact Energy, Ltd.	95,795		505,435
Duke Energy Corp.	50,925		6,301,969
Edison International	24,162		1,335,675
EDP SA	358,947		1,703,550
Elia Group SA/NV	4,991		576,616
Endesa SA	36,333		1,160,996
Enel SpA	930,342		8,816,423
Entergy Corp.	29,086		2,710,524
Evergy, Inc.	15,641		1,189,029
Eversource Energy	24,975		1,776,722
Exelon Corp.	66,051		2,972,956
FirstEnergy Corp.	34,915		1,599,805
Fortum OYJ	51,312		973,936
Genie Energy, Ltd., B Shares	2,698		40,335
Hawaiian Electric Industries, Inc. (A)	21,097		232,911
Iberdrola SA	726,027		13,743,211
IDACORP, Inc.	8,472		1,119,575
MGE Energy, Inc.	4,527		381,083
NextEra Energy, Inc.	135,051		10,195,000
NRG Energy, Inc.	12,617		2,043,323
OGE Energy Corp.	31,576		1,461,022
Oklo, Inc. (A)(C)	12,995		1,450,632
Origin Energy, Ltd.	197,053		1,626,178
Otter Tail Corp.	4,672		382,964
PG&E Corp.	142,057		2,142,220
Pinnacle West Capital Corp.	8,116		727,681
Portland General Electric Company	30,310		1,333,640
Power Assets Holdings, Ltd.	158,444		1,002,891
PPL Corp.	47,142		1,751,797
Redeia Corp. SA	46,419		896,243
SSE PLC	126,572		2,968,834
Terna - Rete Elettrica Nazionale	160,947		1,633,369
The Kansai Electric Power Company, Inc.	108,403		1,550,578
The Southern Company	72,086		6,831,590

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
TXNM Energy, Inc.	26,258	$	1,484,890
Verbund AG	7,789		567,297
Xcel Energy, Inc.	39,206		3,161,964
			107,472,337
Gas utilities – 0.2%
APA Group	149,222		876,029
Atmos Energy Corp.	10,798		1,843,759
Brookfield Infrastructure Corp., Class A	14,321		588,880
Chesapeake Utilities Corp.	2,795		376,459
Hong Kong & China Gas Company, Ltd.	1,280,694		1,111,377
National Fuel Gas Company	14,168		1,308,698
New Jersey Resources Corp.	27,779		1,337,559
Northwest Natural Holding Company	4,939		221,909
ONE Gas, Inc.	16,412		1,328,387
Osaka Gas Company, Ltd.	40,961		1,186,381
RGC Resources, Inc.	1,223		27,444
Snam SpA	230,675		1,385,026
Southwest Gas Holdings, Inc.	17,846		1,398,056
Spire, Inc.	16,086		1,311,331
Tokyo Gas Company, Ltd.	36,081		1,282,991
UGI Corp.	33,697		1,120,762
			16,705,048
Independent power and renewable electricity producers – 0.2%
EDP Renovaveis SA	36,067		476,682
Hallador Energy Company (A)	3,792		74,209
Meridian Energy, Ltd.	149,571		482,886
Montauk Renewables, Inc. (A)	9,359		18,812
Ormat Technologies, Inc.	16,709		1,608,241
Orsted A/S (A)(B)	19,234		334,567
RWE AG	72,323		3,216,833
Talen Energy Corp. (A)	7,163		3,046,997
The AES Corp.	48,394		636,865
Vistra Corp.	20,901		4,094,924
			13,991,016
Multi-utilities – 0.7%
Ameren Corp.	17,253		1,800,868
Avista Corp.	9,504		359,346
Black Hills Corp.	19,522		1,202,360
CenterPoint Energy, Inc.	41,458		1,608,570
Centrica PLC	555,436		1,247,280
CMS Energy Corp.	20,334		1,489,669
Consolidated Edison, Inc.	23,344		2,346,539
Dominion Energy, Inc.	55,619		3,402,214
DTE Energy Company	13,287		1,879,180
E.ON SE	256,810		4,837,138
Engie SA	208,920		4,491,054
National Grid PLC	560,702		8,056,536
NiSource, Inc.	31,998		1,385,513
Northwestern Energy Group, Inc.	16,994		996,018
Public Service Enterprise Group, Inc.	32,535		2,715,371
Sembcorp Industries, Ltd.	102,237		477,672
Sempra	42,637		3,836,477
Unitil Corp.	2,070		99,070
Veolia Environnement SA	72,026		2,456,231
WEC Energy Group, Inc.	21,694		2,485,915
			47,173,021
Water utilities – 0.1%
American States Water Company	4,671		342,478
American Water Works Company, Inc.	13,257		1,845,242
Cadiz, Inc. (A)	7,461		35,216
California Water Service Group	7,260		333,161
Consolidated Water Company, Ltd.	1,846		65,127
Essential Utilities, Inc.	43,973		1,754,523

 

232

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Water utilities (continued)
Global Water Resources, Inc.	2,224	$	22,907
H2O America	3,820		186,034
Middlesex Water Company	2,197		118,902
Pure Cycle Corp. (A)	3,031		33,553
Severn Trent PLC	30,965		1,079,642
The York Water Company	1,977		60,140
United Utilities Group PLC	78,001		1,205,015
			7,081,940
			192,423,362
TOTAL COMMON STOCKS (Cost $2,952,964,007)		$	6,803,587,170
PREFERRED SECURITIES – 0.1%
Consumer discretionary – 0.1%
Automobiles – 0.1%
Bayerische Motoren Werke AG	6,402		596,328
Dr. Ing. h.c. F. Porsche AG (B)(C)	13,026		631,541
Porsche Automobil Holding SE	17,513		690,147
Volkswagen AG	23,587		2,556,587
			4,474,603
Consumer staples – 0.0%
Household products – 0.0%
Henkel AG & Company KGaA	18,342		1,479,948
Health care – 0.0%
Life sciences tools and services – 0.0%
Sartorius AG	2,998		700,862
TOTAL PREFERRED SECURITIES (Cost $8,275,548)		$	6,655,413
RIGHTS – 0.0%
Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(E)	1,230		8,573
Orsted A/S (Expiration Date: 10-2-25; Strike Price: DKK 66.60) (A)	288,510		287,237
Sofina SA (Expiration Date: 10-3-25; Strike Price: EUR 223.00) (A)	1,763		3,933
TOTAL RIGHTS (Cost $448,764)		$	299,743

Strategic Equity Allocation Trust (continued)

	Shares or Principal Amount	Value
WARRANTS – 0.0%
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)	480	$	312
TOTAL WARRANTS (Cost $0)		$	312
SHORT-TERM INVESTMENTS – 4.3%
Short-term funds – 4.3%
John Hancock Collateral Trust, 4.0668% (F)(G)	30,302,847		303,131,502
TOTAL SHORT-TERM INVESTMENTS (Cost $303,135,188)		$	303,131,502
Total Investments (Strategic Equity Allocation Trust) (Cost $3,264,823,507) – 100.2%		$	7,113,674,140
Other assets and liabilities, net – (0.2%)			(10,680,944)
TOTAL NET ASSETS – 100.0%		$	7,102,993,196

Currency Abbreviations
DKK	Danish Krone
EUR	Euro

Security Abbreviations and Legend
ADR	American Depositary Receipt
CVR	Contingent Value Right
(A)	Non-income producing security.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $54,754,950.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	Strike price and/or expiration date not available.
(F)	The rate shown is the annualized seven-day yield as of 9-30-25.
(G)	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 $57,286,912.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
MSCI EAFE Index Futures	852	Long	Dec 2025	$118,627,519	$118,653,780	$26,261
Russell 2000 E-Mini Index Futures	128	Long	Dec 2025	15,623,456	15,715,200	91,744
S&P 500 E-Mini Index Futures	415	Long	Dec 2025	139,176,623	139,829,062	652,439
S&P Mid 400 E-Mini Index Futures	50	Long	Dec 2025	16,728,042	16,431,000	(297,042)
						$473,402

^ 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 – 9.9%
U.S. Government – 4.0%
U.S. Treasury Bonds
2.000%, 02/15/2050	$	1,153,000	$	689,503
2.750%, 11/15/2042		875,000		677,681

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
3.000%, 02/15/2049 to 08/15/2052	$	4,440,000	$	3,315,943
3.625%, 02/15/2053		565,000		467,118

 

233

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Notes
2.750%, 08/15/2032	$	2,095,000	$	1,947,613
3.500%, 02/15/2033		2,125,000		2,062,993
				9,160,851
U.S. Government Agency – 5.9%
Federal Home Loan Mortgage Corp.
5.500%, 02/01/2055		608,746		620,137
6.000%, 10/01/2054 to 02/01/2055		2,434,959		2,507,171
Federal National Mortgage Association
5.500%, 02/01/2054 to 01/01/2055		8,499,437		8,640,034
6.000%, 01/01/2055		577,264		597,841
Government National Mortgage Association
4.000%, 08/20/2052 to 11/20/2052		827,130		784,743
4.500%, 08/20/2052 to 12/20/2052		508,917		496,800
				13,646,726
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $22,556,041)			$	22,807,577
FOREIGN GOVERNMENT OBLIGATIONS – 19.4%
Australia – 3.4%
Airservices Australia
2.200%, 05/15/2030	AUD	860,000		517,306
5.400%, 11/15/2028		760,000		520,237
New South Wales Treasury Corp.
4.250%, 02/20/2036		1,260,000		785,860
4.750%, 09/20/2035		1,030,000		674,715
4.750%, 02/20/2037		495,000		317,846
5.250%, 02/24/2038		695,000		461,822
Queensland Treasury Corp.
3.250%, 05/21/2035 (A)	EUR	280,000		327,635
5.250%, 07/21/2036 (A)	AUD	1,310,000		880,453
5.250%, 08/13/2038 (A)		490,000		321,824
South Australian Government Financing Authority 1.750%, 05/24/2034		650,000		338,686
Treasury Corp. of Victoria
2.250%, 11/20/2034		550,000		293,430
2.250%, 11/20/2041		775,000		331,839
4.250%, 12/20/2032		690,000		448,980
4.750%, 09/15/2036		1,575,000		1,012,840
5.000%, 11/20/2040		510,000		319,257
5.250%, 09/15/2038		365,000		240,472
				7,793,202
Austria – 0.1%
Republic of Austria 2.900%, 02/20/2033 (A)	EUR	225,000		266,113
Brazil – 1.4%
Federative Republic of Brazil 10.000%, 01/01/2027	BRL	17,665,000		3,260,155
Canada – 1.6%
CDP Financial, Inc. 4.200%, 12/02/2030	CAD	445,000		337,231
Government of Canada
0.500%, 12/01/2030		150,000		96,057
2.750%, 05/01/2027		325,000		234,543
3.500%, 09/01/2029		430,000		318,781
OMERS Finance Trust 3.250%, 01/28/2035 (A)	EUR	250,000		291,644
Ontario Teachers' Finance Trust 2.000%, 04/16/2031 (A)	$	935,000		841,725
Province of British Columbia 4.200%, 07/06/2033		415,000		412,112

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Canada (continued)
Province of Ontario
3.100%, 01/31/2034	EUR	305,000	$	356,796
3.450%, 06/02/2045	CAD	690,000		435,309
Province of Quebec 4.500%, 09/08/2033	$	369,000		373,631
				3,697,829
China – 0.1%
People's Republic of China 2.690%, 08/12/2026	CNY	1,920,000		272,840
Czech Republic – 1.0%
Czech Republic
3.500%, 05/30/2035	CZK	37,850,000		1,678,344
4.250%, 10/24/2034		11,890,000		562,675
				2,241,019
Finland – 0.3%
Republic of Finland 3.000%, 09/15/2033 (A)	EUR	580,000		685,989
Germany – 0.4%
Federal Republic of Germany 2.200%, 02/15/2034		410,000		467,241
Federal Republic of Germany, Zero Coupon
0.000%, 08/15/2031		265,000		271,307
0.000%, 05/15/2035		95,000		86,137
				824,685
India – 0.7%
Republic of India
6.100%, 07/12/2031	INR	14,760,000		163,245
6.450%, 10/07/2029		18,150,000		206,167
7.100%, 04/18/2029		108,490,000		1,258,553
				1,627,965
Indonesia – 2.3%
Republic of Indonesia
1.100%, 03/12/2033	EUR	146,000		142,387
3.050%, 03/12/2051	$	385,000		258,492
6.375%, 08/15/2028	IDR	16,242,000,000		1,002,832
6.375%, 04/15/2032		17,899,000,000		1,096,513
6.500%, 07/15/2030		8,022,000,000		501,086
6.500%, 02/15/2031		19,015,000,000		1,181,420
6.625%, 05/15/2033		6,488,000,000		397,093
8.750%, 05/15/2031		9,097,000,000		622,902
9.000%, 03/15/2029		3,690,000,000		246,831
				5,449,556
Japan – 0.9%
Government of Japan 2.100%, 12/20/2025	JPY	298,350,000		2,024,412
New Zealand – 2.5%
Government of New Zealand
0.250%, 05/15/2028	NZD	435,000		235,227
1.750%, 05/15/2041		1,435,000		557,800
2.000%, 05/15/2032		845,000		438,923
3.500%, 04/14/2033		1,145,000		644,920
4.250%, 05/15/2034		3,150,000		1,847,240
4.250%, 05/15/2036		520,000		299,642
4.500%, 05/15/2035		2,020,000		1,199,043
New Zealand Local Government Funding Agency
3.500%, 04/14/2033		511,000		281,586
4.700%, 08/01/2028	AUD	470,000		316,140
				5,820,521

 

234

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Norway – 0.7%
Kingdom of Norway
2.125%, 05/18/2032 (A)	NOK	13,100,000	$	1,173,247
3.000%, 08/15/2033 (A)		2,105,000		196,849
3.750%, 06/12/2035 (A)		3,280,000		320,784
				1,690,880
Philippines – 2.3%
Republic of the Philippines
0.875%, 05/17/2027	EUR	780,000		890,588
6.250%, 02/28/2029	PHP	30,355,000		529,209
6.250%, 01/14/2036		24,000,000		406,836
6.375%, 07/27/2030		58,740,000		1,028,636
6.375%, 04/28/2035		21,620,000		381,147
6.500%, 05/19/2029		62,690,000		1,103,403
6.750%, 09/15/2032		41,360,000		742,892
8.000%, 09/30/2035		12,020,000		235,619
				5,318,330
Qatar – 0.2%
State of Qatar 4.817%, 03/14/2049 (A)	$	390,000		371,452
United Arab Emirates – 0.1%
Government of Abu Dhabi 3.875%, 04/16/2050 (A)		395,000		323,884
United Kingdom – 1.4%
Government of the United Kingdom
3.250%, 01/31/2033	GBP	360,000		447,403
3.750%, 03/07/2027		1,275,000		1,709,097
4.125%, 07/22/2029		320,000		431,125
4.250%, 07/31/2034		480,000		627,849
				3,215,474
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $45,064,470)			$	44,884,306
CORPORATE BONDS – 45.6%
Communication services – 3.6%
Alphabet, Inc. 3.000%, 05/06/2033	EUR	362,000		422,815
Cellnex Finance Company SA 2.000%, 09/15/2032		300,000		319,722
Charter Communications Operating LLC
5.125%, 07/01/2049	$	1,050,000		868,260
5.750%, 04/01/2048		350,000		317,266
Match Group Holdings II LLC 4.125%, 08/01/2030 (A)		280,000		264,458
NBN Company, Ltd.
5.000%, 08/28/2031	AUD	1,110,000		748,156
5.350%, 03/06/2035		410,000		277,445
News Corp. 3.875%, 05/15/2029 (A)	$	950,000		917,559
Sirius XM Radio LLC 4.125%, 07/01/2030 (A)		870,000		815,981
T-Mobile USA, Inc.
2.700%, 03/15/2032		285,000		255,478
2.875%, 02/15/2031		80,000		73,758
3.500%, 04/15/2031		325,000		309,152
Virgin Media Secured Finance PLC
4.250%, 01/15/2030	GBP	280,000		349,351
5.500%, 05/15/2029 (A)	$	751,000		742,510
Vmed O2 UK Financing I PLC
4.250%, 01/31/2031 (A)		980,000		908,622
4.500%, 07/15/2031 (A)	GBP	335,000		412,331
5.625%, 04/15/2032 (A)	EUR	220,000		264,710
				8,267,574

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary – 3.7%
Carnival Corp. 5.750%, 01/15/2030 (A)	EUR	320,000	$	405,149
Ford Motor Company 3.250%, 02/12/2032	$	2,446,000		2,140,186
Ford Motor Credit Company LLC
4.000%, 11/13/2030		255,000		237,867
5.625%, 10/09/2028	GBP	350,000		472,639
General Motors Financial Company, Inc.
5.700%, (5.700% to 9-30-30, then 5 Year CMT + 4.997%), 09/30/2030 (B)	$	200,000		199,116
6.500%, (6.500% to 9-30-28, then 3 month LIBOR + 3.436%), 09/30/2028 (B)		169,000		168,082
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (A)		275,000		251,654
4.875%, 01/15/2030		390,000		387,812
NCL Corp., Ltd. 6.750%, 02/01/2032 (A)		475,000		488,505
New Red Finance, Inc.
3.500%, 02/15/2029 (A)		208,000		198,596
3.875%, 01/15/2028 (A)		430,000		419,701
Royal Caribbean Cruises, Ltd. 6.000%, 02/01/2033 (A)		759,000		778,341
Travel + Leisure Company
4.500%, 12/01/2029 (A)		370,000		357,463
6.125%, 09/01/2033 (A)		205,000		204,375
Yum! Brands, Inc.
3.625%, 03/15/2031		1,175,000		1,097,147
4.625%, 01/31/2032		480,000		466,376
4.750%, 01/15/2030 (A)		373,000		370,686
				8,643,695
Consumer staples – 2.8%
Bimbo Bakeries USA, Inc. 5.375%, 01/09/2036 (A)		695,000		705,406
Darling Ingredients, Inc. 6.000%, 06/15/2030 (A)		790,000		797,553
JBS USA LUX SA
3.625%, 01/15/2032		310,000		288,971
5.750%, 04/01/2033		124,000		129,497
Kraft Heinz Foods Company
3.250%, 03/15/2033	EUR	495,000		569,009
4.375%, 06/01/2046	$	880,000		732,325
6.875%, 01/26/2039		335,000		373,761
7.125%, 08/01/2039 (A)		350,000		399,267
MARB BondCo PLC 3.950%, 01/29/2031 (A)		545,000		499,012
Mars, Inc. 5.200%, 03/01/2035 (A)		405,000		413,965
Performance Food Group, Inc. 4.250%, 08/01/2029 (A)		305,000		296,273
Post Holdings, Inc.
4.500%, 09/15/2031 (A)		255,000		238,234
6.375%, 03/01/2033 (A)		935,000		943,704
				6,386,977
Energy – 7.8%
Aker BP ASA 5.125%, 10/01/2034 (A)		420,000		412,852
Cenovus Energy, Inc.
3.500%, 02/07/2028	CAD	280,000		202,086
5.400%, 06/15/2047	$	417,000		384,062
6.750%, 11/15/2039		1,481,000		1,636,638
Civitas Resources, Inc. 8.750%, 07/01/2031 (A)		720,000		737,648

 

235

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Columbia Pipelines Operating Company LLC 6.036%, 11/15/2033 (A)	$	380,000	$	405,474
Continental Resources, Inc.
2.875%, 04/01/2032 (A)		1,341,000		1,168,559
5.750%, 01/15/2031 (A)		680,000		701,239
Enbridge, Inc.
7.200%, (7.200% to 6-27-34, then 5 Year CMT + 2.970%), 06/27/2054		455,000		482,495
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084		610,000		697,666
Energy Transfer LP
7.125%, (7.125% to 5-15-30, then 5 Year CMT + 5.306%), 05/15/2030 (B)		585,000		604,479
8.000%, (8.000% to 5-15-29, then 5 Year CMT + 4.020%), 05/15/2054		710,000		758,722
EQT Corp.
3.625%, 05/15/2031 (A)		1,065,000		995,854
5.750%, 02/01/2034		245,000		256,407
Long Ridge Energy LLC 8.750%, 02/15/2032 (A)		270,000		277,535
MC Brazil Downstream Trading SARL 7.250%, 06/30/2031 (A)		478,909		410,075
Occidental Petroleum Corp.
6.125%, 01/01/2031		430,000		452,947
6.450%, 09/15/2036		140,000		148,773
6.625%, 09/01/2030		690,000		739,282
7.500%, 05/01/2031		265,000		297,647
Ovintiv, Inc.
6.500%, 08/15/2034		640,000		683,404
6.500%, 02/01/2038		620,000		651,555
Phillips 66 Company 6.200%, (6.200% to 3-15-36, then 5 Year CMT + 2.166%), 03/15/2056		295,000		295,789
PRIO Luxembourg Holding Sarl 6.125%, 06/09/2026 (A)		360,000		359,412
QatarEnergy 3.300%, 07/12/2051 (A)		315,000		221,557
South Bow Canadian Infrastructure Holdings, Ltd. 7.500%, (7.500% to 3-1-35, then 5 Year CMT + 3.667%), 03/01/2055		300,000		318,559
Sunoco LP 7.875%, (7.875% to 9-18-30, then 5 Year CMT + 4.230%), 09/18/2030 (A)(B)		485,000		492,619
The Williams Companies, Inc. 5.300%, 09/30/2035		463,000		469,837
TransCanada PipeLines, Ltd.
6.200%, 10/15/2037		298,000		319,337
7.000%, (7.000% to 6-1-30, then 5 Year CMT + 2.614%), 06/01/2065		675,000		693,607
7.250%, 08/15/2038		150,000		173,195
Transcanada Trust 5.600%, (5.600% to 3-7-32, then 5 Year CMT + 3.986% to 3-7-52, then 5 Year CMT + 4.736%), 03/07/2082		480,000		475,631
Var Energi ASA 6.500%, 05/22/2035 (A)		470,000		499,754

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Venture Global LNG, Inc. 9.000%, (9.000% to 9-30-29, then 5 Year CMT + 5.440%), 09/30/2029 (A)(B)	$	730,000	$	723,488
				18,148,184
Financials – 12.0%
American International Group, Inc. 8.175%, (8.175% to 5-15-38, then 3 month LIBOR + 4.195%), 05/15/2058		1,200,000		1,338,343
Bank of America Corp. 6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (B)		925,000		962,452
Bank of Montreal
6.875%, (6.875% to 11-26-30, then 5 Year CMT + 2.976%), 11/26/2085		510,000		519,044
7.300%, (7.300% to 11-26-34, then 5 Year CMT + 3.010%), 11/26/2084		1,250,000		1,326,469
7.325%, (7.325% to 11-26-27, then 5 Year Canada Government Bond Yield + 4.098%), 11/26/2082	CAD	980,000		747,848
Barclays PLC 7.625%, (7.625% to 9-15-35, then 5 Year SOFR ICE Swap Rate + 3.686%), 03/15/2035 (B)	$	508,000		538,319
Berkshire Hathaway Finance Corp. 2.375%, 06/19/2039	GBP	465,000		429,085
BNP Paribas SA 7.375%, (7.375% to 9-10-34, then 5 Year CMT + 3.535%), 09/10/2034 (A)(B)	$	370,000		386,949
Canadian Imperial Bank of Commerce 7.000%, (7.000% to 10-28-30, then 5 Year CMT + 3.000%), 10/28/2085		600,000		616,137
ConnectOne Bancorp, Inc. 8.125%, (8.125% to 6-1-30, then 3 month CME Term SOFR + 4.415%), 06/01/2035		370,000		381,563
European Bank for Reconstruction & Development 6.300%, 10/26/2027	INR	13,400,000		149,972
First Citizens BancShares, Inc. 6.254%, (6.254% to 3-12-35, then 5 Year CMT + 1.970%), 03/12/2040	$	625,000		633,170
First Interstate BancSystem, Inc. 7.625%, (7.625% to 6-15-30, then 3 month CME Term SOFR + 3.980%), 06/15/2035		245,000		251,125
Five Star Bancorp 6.000%, (6.000% to 9-1-27, then Overnight SOFR + 3.290%), 09/01/2032 (A)		160,000		153,920
HSBC Holdings PLC
5.918%, (Overnight SOFR + 1.570%), 05/13/2031 (C)		940,000		958,428
6.950%, (6.950% to 2-27-32, then 5 Year CMT + 2.635%), 08/27/2031 (B)		569,000		594,940
7.050%, (7.050% to 12-5-30, then 5 Year CMT + 2.987%), 06/05/2030 (B)		200,000		208,213
Huntington Bancshares, Inc. 6.250%, (6.250% to 10-15-30, then 5 Year CMT + 2.653%), 10/15/2030 (B)		1,166,000		1,162,929

 

236

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
ING Groep NV 7.000%, (7.000% to 11-16-32, then 5 Year SOFR ICE Swap Rate + 3.594%), 11/16/2032 (B)	$	480,000	$	494,916
Inter-American Development Bank 7.350%, 10/06/2030	INR	44,000,000		507,429
International Bank for Reconstruction & Development
1.200%, 08/08/2034	EUR	411,000		417,702
1.250%, 03/16/2026	NOK	1,610,000		159,210
6.500%, 04/17/2030	INR	35,000,000		390,163
6.850%, 04/24/2028		18,000,000		203,747
International Development Association 1.750%, 02/17/2027	NOK	1,110,000		107,749
MSCI, Inc.
3.625%, 09/01/2030 (A)	$	770,000		734,933
3.625%, 11/01/2031 (A)		344,000		323,103
3.875%, 02/15/2031 (A)		420,000		402,419
Nordic Investment Bank 4.000%, 11/04/2026	NOK	2,000,000		200,020
Popular, Inc. 7.250%, 03/13/2028	$	415,000		433,572
Provident Financial Services, Inc. 9.000%, (9.000% to 5-15-29, then 3 month CME Term SOFR + 4.765%), 05/15/2034		340,000		357,701
Royal Bank of Canada
4.200%, (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%), 02/24/2027 (B)	CAD	1,415,000		960,201
6.350%, (6.350% to 11-24-34, then 5 Year CMT + 2.257%), 11/24/2084	$	505,000		498,090
7.500%, (7.500% to 5-2-29, then 5 Year CMT + 2.887%), 05/02/2084		1,045,000		1,101,183
Simmons First National Corp. 6.250%, (6.250% to 10-1-30, then 3 month CME Term SOFR + 3.020%), 10/01/2035		460,000		461,934
Societe Generale SA 8.125%, (8.125% to 5-21-30, then 5 Year CMT + 3.790%), 11/21/2029 (A)(B)		865,000		906,098
South State Bank NA 8.375%, (8.375% to 11-15-29, then 3 month CME Term SOFR + 4.605%), 08/15/2034		400,000		419,000
Southside Bancshares, Inc. 7.000%, (7.000% to 8-15-30, then 3 month CME Term SOFR + 3.570%), 08/15/2035		530,000		536,465
The Asian Infrastructure Investment Bank 0.200%, 12/15/2025	GBP	345,000		460,272
The Bank of Nova Scotia
6.875%, (6.875% to 10-27-35, then 5 Year CMT + 2.734%), 10/27/2085 (D)	$	855,000		852,451
8.625%, (8.625% to 10-27-27, then 5 Year CMT + 4.389%), 10/27/2082		705,000		749,141
The PNC Financial Services Group, Inc. 3.400%, (3.400% to 9-15-26, then 5 Year CMT + 2.595%), 09/15/2026 (B)		430,000		416,768
The Toronto-Dominion Bank 8.125%, (8.125% to 10-31-27, then 5 Year CMT + 4.075%), 10/31/2082		780,000		824,406

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
U.S. Bancorp 3.700%, (3.700% to 1-15-27, then 5 Year CMT + 2.541%), 01/15/2027 (B)	$	297,000	$	287,180
UBS Group AG
7.000%, (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%), 02/10/2030 (A)(B)		885,000		906,904
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (A)(B)		575,000		591,650
Webster Financial Corp. 3.875%, (3.875% to 11-1-25, then 3 month CME Term SOFR + 3.690%), 11/01/2030		445,000		443,130
Wells Fargo & Company 3.900%, (3.900% to 7-22-31, then 3 month EURIBOR + 1.220%), 07/22/2032	EUR	400,000		483,494
Western Alliance Bancorp 3.000%, (3.000% to 6-15-26, then 3 month CME Term SOFR + 2.250%), 06/15/2031	$	785,000		761,372
				27,751,309
Health care – 1.9%
Allergan Funding SCS 2.625%, 11/15/2028	EUR	300,000		342,806
Centene Corp.
2.500%, 03/01/2031	$	500,000		430,707
3.000%, 10/15/2030		855,000		763,974
3.375%, 02/15/2030		690,000		634,584
4.625%, 12/15/2029		145,000		140,560
HCA, Inc. 5.600%, 04/01/2034		995,000		1,032,894
Rede D'Or Finance Sarl
4.500%, 01/22/2030 (A)		207,000		199,639
4.950%, 01/17/2028 (A)		200,000		198,680
Teva Pharmaceutical Finance Netherlands II BV 4.375%, 05/09/2030	EUR	470,000		564,606
Teva Pharmaceutical Finance Netherlands III BV 4.100%, 10/01/2046	$	197,000		147,023
				4,455,473
Industrials – 3.9%
AECOM 6.000%, 08/01/2033 (A)		600,000		613,434
AerCap Ireland Capital DAC
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056		420,000		433,288
6.950%, (6.950% to 3-10-30, then 5 Year CMT + 2.720%), 03/10/2055		560,000		586,150
Airbus SE 1.625%, 06/09/2030	EUR	140,000		156,496
American Airlines, Inc. 5.750%, 04/20/2029 (A)	$	1,030,000		1,033,940
CACI International, Inc. 6.375%, 06/15/2033 (A)		295,000		304,307
DAE Funding LLC 3.375%, 03/20/2028 (A)		200,000		193,281
Delta Air Lines 2020-1 Class A Pass Through Trust 2.500%, 06/10/2028		161,721		154,515
JetBlue Airways Corp. 9.875%, 09/20/2031 (A)		545,000		552,778

 

237

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
Johnson Controls International PLC 0.375%, 09/15/2027	EUR	130,000	$	146,369
Stanley Black & Decker, Inc. 6.707%, (6.707% to 3-15-30, then 5 Year CMT + 2.657%), 03/15/2060	$	1,195,000		1,198,969
The Boeing Company 5.805%, 05/01/2050		510,000		509,523
TransDigm, Inc.
6.250%, 01/31/2034 (A)		160,000		164,547
6.750%, 01/31/2034 (A)		355,000		367,055
7.125%, 12/01/2031 (A)		1,079,000		1,125,494
Uber Technologies, Inc. 4.800%, 09/15/2034		280,000		280,526
United Airlines, Inc. 4.625%, 04/15/2029 (A)		225,000		221,555
United Rentals North America, Inc.
3.875%, 02/15/2031		505,000		477,740
4.000%, 07/15/2030		400,000		382,599
				8,902,566
Information technology – 1.1%
Cloud Software Group, Inc. 6.625%, 08/15/2033 (A)		783,000		797,066
CoreWeave, Inc. 9.250%, 06/01/2030 (A)		965,000		996,646
Dell International LLC 8.350%, 07/15/2046		421,000		547,157
Gartner, Inc. 3.750%, 10/01/2030 (A)		300,000		283,302
				2,624,171
Materials – 2.8%
Ball Corp. 2.875%, 08/15/2030		1,105,000		1,003,829
Braskem Netherlands Finance BV
4.500%, 01/31/2030 (A)		200,000		75,140
5.875%, 01/31/2050 (A)		200,000		72,108
Cleveland-Cliffs, Inc.
6.750%, 04/15/2030 (A)		1,210,000		1,229,245
7.375%, 05/01/2033 (A)		825,000		842,218
7.625%, 01/15/2034 (A)		465,000		479,138
Corp. Nacional del Cobre de Chile
4.875%, 11/04/2044 (A)		345,000		300,210
6.440%, 01/26/2036 (A)		332,000		358,847
Freeport-McMoRan, Inc. 5.450%, 03/15/2043		1,550,000		1,492,930
Quikrete Holdings, Inc.
6.375%, 03/01/2032 (A)		190,000		196,810
6.750%, 03/01/2033 (A)		205,000		213,137
Sealed Air Corp. 5.000%, 04/15/2029 (A)		235,000		233,689
				6,497,301
Real estate – 1.9%
American Tower Corp. 4.625%, 05/16/2031	EUR	240,000		300,954
American Tower Trust I 5.490%, 03/15/2028 (A)	$	400,000		407,237
BW Real Estate, Inc. 9.500%, (9.500% to 3-30-30, then 5 Year CMT + 5.402%), 03/30/2030 (A)(B)		185,000		190,921
Host Hotels & Resorts LP 3.375%, 12/15/2029		165,000		156,844
SBA Communications Corp.
3.125%, 02/01/2029		565,000		528,451
3.875%, 02/15/2027		370,000		364,422

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
SBA Tower Trust 6.599%, 01/15/2028 (A)	$	525,000	$	539,060
VICI Properties LP
4.125%, 08/15/2030 (A)		720,000		695,833
5.125%, 05/15/2032		510,000		515,020
5.625%, 04/01/2035		580,000		593,868
				4,292,610
Utilities – 4.1%
American Electric Power Company, Inc. 6.950%, (6.950% to 12-15-34, then 5 Year CMT + 2.675%), 12/15/2054		935,000		1,011,906
CMS Energy Corp. 6.500%, (6.500% to 6-1-35, then 5 Year CMT + 1.961%), 06/01/2055		215,000		222,600
Dominion Energy, Inc.
6.625%, (6.625% to 5-15-35, then 5 Year CMT + 2.207%), 05/15/2055		480,000		496,765
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055		435,000		455,303
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054		615,000		666,837
Duke Energy Corp. 6.450%, (6.450% to 9-1-34, then 5 Year CMT + 2.588%), 09/01/2054		200,000		211,256
E.ON SE 0.625%, 11/07/2031	EUR	320,000		326,496
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	$	890,000		894,561
EUSHI Finance, Inc.
6.250%, (6.250% to 4-1-31, then 5 Year CMT + 2.509%), 04/01/2056		525,000		521,864
7.625%, (7.625% to 12-15-29, then 5 Year CMT + 3.136%), 12/15/2054		250,000		262,102
Exelon Corp. 6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055		685,000		715,960
NextEra Energy Capital Holdings, Inc. 6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055		310,000		328,372
NRG Energy, Inc. 6.000%, 01/15/2036 (A)		440,000		440,063
Sempra 6.550%, (6.550% to 4-1-35, then 5 Year CMT + 2.138%), 04/01/2055		375,000		383,199
The AES Corp. 7.600%, (7.600% to 1-15-30, then 5 Year CMT + 3.201%), 01/15/2055		1,930,000		1,999,202
The Southern Company 6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055		540,000		575,425
				9,511,911
TOTAL CORPORATE BONDS (Cost $104,218,882)			$	105,481,771
CONVERTIBLE BONDS – 1.8%
Consumer discretionary – 0.4%
Burlington Stores, Inc. 1.250%, 12/15/2027		400,000		538,600
Marriott Vacations Worldwide Corp. 3.250%, 12/15/2027		415,000		395,578
				934,178

 

238

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
CONVERTIBLE BONDS (continued)
Utilities – 1.4%
CenterPoint Energy, Inc.
3.000%, 08/01/2028 (A)	$	470,000	$	477,213
4.250%, 08/15/2026		610,000		677,100
FirstEnergy Corp. 3.875%, 01/15/2031 (A)		610,000		658,190
The Southern Company
3.250%, 06/15/2028 (A)		340,000		344,080
4.500%, 06/15/2027		505,000		561,308
TXNM Energy, Inc. 5.750%, 06/01/2054		340,000		443,423
				3,161,314
TOTAL CONVERTIBLE BONDS (Cost $3,693,387)			$	4,095,492
TERM LOANS (E) – 9.4%
Communication services – 0.5%
Delta 2 Lux Sarl, 2024 Term Loan B1 (3 month CME Term SOFR + 2.000%) 6.002%, 09/30/2031		274,667		274,582
Delta 2 Lux Sarl, 2024 Term Loan B2 (3 month CME Term SOFR + 2.000%) 6.002%, 09/30/2031		326,333		326,232
TKO Worldwide Holdings LLC, 2025 Term Loan (3 month CME Term SOFR + 2.000%) 6.038%, 11/21/2031		618,331		619,005
				1,219,819
Consumer discretionary – 2.4%
Aramark Services, Inc., 2024 Term Loan B8 (1 and 3 month CME Term SOFR + 2.000%) 6.199%, 06/22/2030		471,027		471,517
Aramark Services, Inc., 2025 Repriced Term Loan (1 month CME Term SOFR + 1.750%) 5.913%, 04/06/2028		129,000		129,000
Clarios Global LP, 2025 USD Term Loan B (1 month CME Term SOFR + 2.750%) 6.913%, 01/28/2032		885,000		884,726
Great Outdoors Group LLC, 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 7.413%, 01/23/2032		1,338,855		1,337,182
Hilton Domestic Operating Company, Inc., 2023 Term Loan B4 (1 month CME Term SOFR + 1.750%) 5.908%, 11/08/2030		540,000		540,346
KFC Holding Company, 2021 Term Loan B (1 month CME Term SOFR + 1.750%) 6.000%, 03/15/2028		402,214		403,095
New Red Finance, Inc., 2024 Term Loan B6 (1 month CME Term SOFR + 1.750%) 5.913%, 09/20/2030		1,006,423		1,002,227
Travel + Leisure Company, 2024 Term Loan B (1 month CME Term SOFR + 2.500%) 6.663%, 12/14/2029		837,646		839,431
				5,607,524
Consumer staples – 0.5%
Opal US LLC, USD Term Loan B (3 month CME Term SOFR + 3.250%) 7.252%, 04/28/2032		1,055,000		1,057,110
Energy – 0.5%
Hilcorp Energy I LP, Term Loan B (1 month CME Term SOFR + 2.000%) 6.150%, 02/11/2030		595,791		595,791

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) (continued)
Energy (continued)
Long Ridge Energy LLC, Term Loan B (3 month CME Term SOFR + 4.500%) 8.502%, 02/19/2032	$	541,178	$	528,493
				1,124,284
Financials – 0.1%
Superannuation & Investments US LLC, 2025 Repriced Term Loan (1 month CME Term SOFR + 3.000%) 7.163%, 12/01/2028		284,288		285,283
Health care – 0.5%
Medline Borrower LP, 2025 Term Loan B (1 month CME Term SOFR + 2.000%) 6.163%, 10/23/2030		1,161,930		1,161,210
Organon & Company, 2024 USD Term Loan (1 month CME Term SOFR + 2.250%) 6.408%, 05/19/2031		110,000		107,113
				1,268,323
Industrials – 2.8%
AAdvantage Loyalty IP, Ltd., 2025 Term Loan (3 month CME Term SOFR + 2.250%) 6.575%, 04/20/2028		217,704		217,252
AAdvantage Loyalty IP, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 3.250%) 7.575%, 05/28/2032		498,750		500,620
AECOM, 2024 Term Loan (1 month CME Term SOFR + 1.750%) 6.066%, 04/18/2031		640,149		644,284
AS Mileage Plan IP, Ltd., 2025 Repriced Term Loan B (3 month CME Term SOFR + 1.750%) 6.075%, 10/15/2031		400,317		400,817
CACI International, Inc., Term Loan B (1 month CME Term SOFR + 1.750%) 5.913%, 10/30/2031		824,600		824,600
Clean Harbors, Inc., 2024 Term Loan B (1 month CME Term SOFR + 1.750%) 5.913%, 10/09/2028		386,802		386,802
Clean Harbors, Inc., 2025 Term Loan 09/24/2032 TBD (F)		505,000		505,631
Dynasty Acquisition Company, Inc., 2024 1st Lien Term Loan B1 (1 month CME Term SOFR + 2.000%) 6.163%, 10/31/2031		233,422		233,410
Dynasty Acquisition Company, Inc., 2024 1st Lien Term Loan B2 (1 month CME Term SOFR + 2.000%) 6.163%, 10/31/2031		88,786		88,782
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 8.163%, 05/21/2032		595,000		576,555
JetBlue Airways Corp., 2024 Term Loan B (3 month CME Term SOFR + 4.750%) 8.753%, 08/27/2029		693,723		664,240
TransDigm, Inc., 2023 Term Loan J (3 month CME Term SOFR + 2.500%) 6.502%, 02/28/2031		230,167		230,018
TransDigm, Inc., 2024 Term Loan L (3 month CME Term SOFR + 2.500%) 6.502%, 01/19/2032		141,881		141,783
TransDigm, Inc., 2025 Term Loan K (3 month CME Term SOFR + 2.250%) 6.252%, 03/22/2030		83,063		82,963
United Airlines, Inc., 2024 1st Lien Term Loan B (3 month CME Term SOFR + 2.000%) 6.196%, 02/22/2031		592,798		593,788

 

239

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
TERM LOANS (E) (continued)
Industrials (continued)
United Rentals North America, Inc., 2025 Repriced Term Loan B (1 month CME Term SOFR + 1.500%) 5.663%, 02/14/2031	$	302,262	$	303,489
				6,395,034
Information technology – 0.8%
Clearwater Analytics LLC, 2025 Term Loan B (6 month CME Term SOFR + 2.250%) 6.460%, 04/21/2032		570,000		570,000
Cloud Software Group, Inc., 2025 Term Loan B (2031) (3 month CME Term SOFR + 3.250%) 7.252%, 03/21/2031		763,039		765,663
Kaseya, Inc., 2025 1st Lien Term Loan B (1 month CME Term SOFR + 3.250%) 7.413%, 03/20/2032		586,065		586,598
				1,922,261
Materials – 0.8%
Clydesdale Acquisition Holdings, Inc., 2025 Delayed Draw Term Loan (1 month CME Term SOFR + 3.250%) 7.413%, 04/01/2032		355		355
Clydesdale Acquisition Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 7.413%, 04/01/2032		675,733		674,510
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.413%, 02/10/2032		1,242,029		1,241,185
				1,916,050
Utilities – 0.5%
NRG Energy, Inc., 2024 Term Loan (3 month CME Term SOFR + 1.750%) 6.064%, 04/16/2031		1,071,931		1,071,598
TOTAL TERM LOANS (Cost $21,947,798)			$	21,867,286
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.5%
Commercial and residential – 2.5%
Arroyo Mortgage Trust Series 2019-1, Class A1 3.805%, 01/25/2049 (A)(G)		139,666		136,345
BOCA Commercial Mortgage Trust Series 2024-BOCA, Class A (1 month CME Term SOFR + 1.921%) 6.071%, 08/15/2041 (A)(C)		310,000		311,356
BX Commercial Mortgage Trust
Series 2021-CIP, Class A (1 month CME Term SOFR + 1.035%), 5.185%, 12/15/2038 (A)(C)		224,310		224,169
Series 2021-VOLT, Class A (1 month CME Term SOFR + 0.814%), 4.965%, 09/15/2036 (A)(C)		184,077		183,502
Series 2024-XL5, Class A (1 month CME Term SOFR + 1.392%), 5.542%, 03/15/2041 (A)(C)		302,939		303,129
BX Trust
Series 2022-CLS, Class A, 5.760%, 10/13/2027 (A)		325,000		327,385
Series 2024-BIO, Class D (1 month CME Term SOFR + 3.639%), 7.789%, 02/15/2041 (A)(C)		300,000		296,063
Citigroup Commercial Mortgage Trust Series 2023-SMRT, Class A 6.015%, 10/12/2040 (A)(G)		260,000		267,980

Strategic Income Opportunities Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
COLT Mortgage Loan Trust Series 2022-5, Class A1 4.550%, 04/25/2067 (A)(G)	$	148,647	$	148,113
Credit Suisse Mortgage Capital Certificates Series 2019-NQM1, Class A1 3.656%, 10/25/2059 (A)		26,167		25,885
GCAT Trust Series 2022-NQM4, Class A1 (5.269% to 8-1-26, then 6.269% thereafter) 5.269%, 08/25/2067 (A)		167,486		167,288
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO, 0.350%, 05/19/2037 (A)		2,603,443		40,806
Series 2007-4, Class ES IO, 0.350%, 07/19/2037		2,695,826		42,265
Series 2007-6, Class ES IO, 0.343%, 08/19/2037 (A)		2,959,038		35,253
InTown Mortgage Trust
Series 2025-STAY, Class B (1 month CME Term SOFR + 1.750%), 5.900%, 03/15/2042 (A)(C)		340,000		339,363
Series 2025-STAY, Class C (1 month CME Term SOFR + 2.250%), 6.400%, 03/15/2042 (A)(C)		285,000		284,466
Life Mortgage Trust
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%), 5.445%, 05/15/2039 (A)(C)		530,000		515,425
Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%), 5.944%, 05/15/2039 (A)(C)		875,000		820,251
Morgan Stanley Mortgage Loan Trust Series 2004-9, Class 1A 5.270%, 11/25/2034 (G)		49,609		49,368
NYC Commercial Mortgage Trust Series 2025-3BP, Class A (1 month CME Term SOFR + 1.213%) 5.363%, 02/15/2042 (A)(C)		280,000		279,293
ROCK Trust Series 2024-CNTR, Class D 7.109%, 11/13/2041 (A)		605,000		631,092
SCOTT Trust Series 2023-SFS, Class AS 6.204%, 03/10/2040 (A)		165,000		167,203
Verus Securitization Trust
Series 2022-8, Class A3 (6.127% to 10-1-26, then 7.127% thereafter), 6.127%, 09/25/2067 (A)		224,051		223,341
Series 2024-1, Class A1 (5.712% to 1-1-28, then 6.712% thereafter), 5.712%, 01/25/2069 (A)		126,922		127,748
				5,947,089
U.S. Government Agency – 3.0%
Federal Home Loan Mortgage Corp.
Series 2022-DNA4, Class M1A (30 day Average SOFR + 2.200%), 6.556%, 05/25/2042 (A)(C)		177,841		179,667
Series 2022-DNA4, Class M1B (30 day Average SOFR + 3.350%), 7.706%, 05/25/2042 (A)(C)		610,000		633,064

 

240

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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 Home Loan Mortgage Corp. (continued)
Series 2022-DNA6, Class M1A (30 day Average SOFR + 2.150%), 6.506%, 09/25/2042 (A)(C)	$	221,291	$	222,537
Series 2022-DNA7, Class M1A (30 day Average SOFR + 2.500%), 6.856%, 03/25/2052 (A)(C)		190,669		192,635
Series 2022-HQA1, Class M1B (30 day Average SOFR + 3.500%), 7.856%, 03/25/2042 (A)(C)		200,000		206,246
Series 2022-HQA3, Class M1B (30 day Average SOFR + 3.550%), 7.906%, 08/25/2042 (A)(C)		295,000		308,814
Series 2024-HQA1, Class M2 (30 day Average SOFR + 2.000%), 6.356%, 03/25/2044 (A)(C)		730,000		737,294
Series 2025-HQA1, Class M1 (30 day Average SOFR + 1.150%), 5.506%, 02/25/2045 (A)(C)		396,313		396,312
Series 2025-HQA1, Class M2 (30 day Average SOFR + 1.650%), 6.006%, 02/25/2045 (A)(C)		420,000		420,000
Federal National Mortgage Association
Series 2021-R02, Class 2B2 (30 day Average SOFR + 6.200%), 10.556%, 11/25/2041 (A)(C)		285,000		297,034
Series 2022-R01, Class 1M1 (30 day Average SOFR + 1.000%), 5.356%, 12/25/2041 (A)(C)		59,011		58,956
Series 2022-R03, Class 1M1 (30 day Average SOFR + 2.100%), 6.456%, 03/25/2042 (A)(C)		172,952		174,979
Series 2022-R04, Class 1M1 (30 day Average SOFR + 2.000%), 6.356%, 03/25/2042 (A)(C)		255,093		258,953
Series 2022-R05, Class 2M2 (30 day Average SOFR + 3.000%), 7.356%, 04/25/2042 (A)(C)		575,000		590,379
Series 2022-R06, Class 1M1 (30 day Average SOFR + 2.750%), 7.106%, 05/25/2042 (A)(C)		189,947		194,384
Series 2022-R09, Class 2M1 (30 day Average SOFR + 2.500%), 6.856%, 09/25/2042 (A)(C)		168,696		171,068
Series 2023-R01, Class 1M1 (30 day Average SOFR + 2.400%), 6.756%, 12/25/2042 (A)(C)		298,704		305,638
Series 2023-R03, Class 2M2 (30 day Average SOFR + 3.900%), 8.256%, 04/25/2043 (A)(C)		195,000		206,208
Series 2023-R06, Class 1M2 (30 day Average SOFR + 2.700%), 7.056%, 07/25/2043 (A)(C)		245,000		253,148
Series 2024-R02, Class 1M1 (30 day Average SOFR + 1.100%), 5.456%, 02/25/2044 (A)(C)		294,281		294,099
Series 2025-R02, Class 1M2 (30 day Average SOFR + 1.600%), 5.956%, 02/25/2045 (A)(C)		445,000		445,689

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 2025-R04, Class 1M1 (30 day Average SOFR + 1.200%), 5.556%, 05/25/2045 (A)(C)	$	356,712	$	357,538
				6,904,642
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $12,628,174)			$	12,851,731
ASSET-BACKED SECURITIES – 1.5%
AutoNation Finance Trust
Series 2025-1A, Class C 5.190%, 12/10/2030 (A)		265,000		269,902
Series 2025-1A, Class D 5.630%, 09/10/2032 (A)		170,000		173,623
DataBank Issuer Series 2023-1A, Class A2 5.116%, 02/25/2053 (A)		200,000		199,628
DB Master Finance LLC Series 2019-1A, Class A2II 4.021%, 05/20/2049 (A)		319,600		318,455
Domino's Pizza Master Issuer LLC Series 2025-1A, Class A2II 5.217%, 07/25/2055 (A)		175,000		176,383
FirstKey Homes Trust Series 2020-SFR2, Class A 1.266%, 10/19/2037 (A)		213,632		212,635
Home Partners of America Trust Series 2019-1, Class B 3.157%, 09/17/2039 (A)		179,113		174,465
Jersey Mike's Funding LLC Series 2024-1A, Class A2 5.636%, 02/15/2055 (A)		552,225		562,762
MetroNet Infrastructure Issuer LLC Series 2025-2A, Class B 5.590%, 08/20/2055 (A)		480,000		483,540
OCCU Auto Receivables Trust Series 2022-1A, Class A3 5.500%, 10/15/2027 (A)		54,073		54,141
Taco Bell Funding LLC Series 2025-1A, Class A2II 5.049%, 08/25/2055 (A)		505,000		506,198
Zayo Issuer LLC Series 2025-1A, Class A2 5.648%, 03/20/2055 (A)		310,000		315,716
TOTAL ASSET-BACKED SECURITIES (Cost $3,381,061)			$	3,447,448
PREFERRED SECURITIES – 3.9%
Financials – 2.3%
Bank of Hawaii Corp., 8.000% (H)		18,200		475,930
Citizens Financial Group, Inc., 6.500% (6.500% 10-6-30, then 5 Year CMT + 2.629%)		45,950		1,160,238
Comerica, Inc., 6.875% (6.875% to 10-1-30, then 5 Year CMT + 3.125%)		39,675		1,001,000
First Busey Corp., 8.250%		16,925		432,434
Huntington Bancshares, Inc., 4.500%		99		1,839
Live Oak Bancshares, Inc., 8.375%		13,025		339,432
UMB Financial Corp., 7.750% (7.750% to 7-15-30, then 5 Year CMT + 3.743%)		25,250		701,698
WesBanco, Inc., 7.375% (7.375% to 10-1-30, then 5 Year CMT + 3.795%)		37,475		951,116

 

241

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

	Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
Financials (continued)
Wintrust Financial Corp., 7.875% (7.875% to 7-15-30, then 5 Year CMT + 3.878%)	14,525	$	394,499
			5,458,186
Industrials – 0.7%
QXO, Inc., 5.500%	19,000		1,044,810
The Boeing Company, 6.000%	6,950		483,512
			1,528,322
Information technology – 0.3%
Hewlett Packard Enterprise Company, 7.625%	9,000		611,100
Utilities – 0.6%
NextEra Energy, Inc., 7.234%	31,300		1,472,039
TOTAL PREFERRED SECURITIES (Cost $8,451,679)		$	9,069,647
PURCHASED OPTIONS – 0.0%
Calls – 0.0%
Over the Counter Option on the USD vs. CNY (Expiration Date: 11-4-25; Strike Price: $7.40; Counterparty: JPMorgan Chase Bank, N.A.) (I)(J)	4,150,000		4
TOTAL PURCHASED OPTIONS (Cost $47,103)		$	4
SHORT-TERM INVESTMENTS – 2.5%
Short-term funds – 2.5%
John Hancock Collateral Trust, 4.0668% (K)(L)	569,061		5,692,546
TOTAL SHORT-TERM INVESTMENTS (Cost $5,692,656)		$	5,692,546
Total Investments (Strategic Income Opportunities Trust) (Cost $227,681,251) – 99.5%		$	230,197,808
Other assets and liabilities, net – 0.5%			1,210,781
TOTAL NET ASSETS – 100.0%		$	231,408,589

Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CNY	Chinese Yuan Renminbi
CZK	Czech Republic Koruna
EUR	Euro
GBP	Pound Sterling

Strategic Income Opportunities Trust (continued)

IDR	Indonesian Rupiah
INR	Indian Rupee
JPY	Japanese Yen
NOK	Norwegian Krone
NZD	New Zealand Dollar
PHP	Philippine Peso

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offered Rate
ICE	Intercontinental Exchange
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
(A)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $60,920,105 or 26.3% of the fund's net assets as of 9-30-25.
(B)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(C)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(D)	Security purchased or sold on a when-issued or delayed-delivery basis.
(E)	Term loans are variable rate obligations. The rate shown represents the rate at period end.
(F)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(G)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(H)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $110,544.
(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 9-30-25.
(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 $113,396.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
German Euro BUND Futures	25	Long	Dec 2025	$3,764,916	$3,773,707	$8,791
10-Year Canada Government Bond Futures	17	Short	Dec 2025	(1,465,935)	(1,495,883)	(29,948)
10-Year U.S. Treasury Note Futures	35	Short	Dec 2025	(3,927,914)	(3,937,500)	(9,586)
2-Year U.S. Treasury Note Futures	9	Short	Dec 2025	(1,880,542)	(1,875,586)	4,956
Euro-BTP Italian Government Bond Futures	30	Short	Dec 2025	(4,193,792)	(4,220,947)	(27,155)
Euro-OAT Futures	7	Short	Dec 2025	(990,468)	(997,297)	(6,829)
U.S. Treasury Long Bond Futures	6	Short	Dec 2025	(686,709)	(699,563)	(12,854)
						$(72,625)

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

242

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
AUD	2,317,218	USD	1,515,949	CITI	12/17/2025	$18,736	—
EUR	3,146,250	USD	3,733,506	JPM	10/22/2025	—	$(35,150)
EUR	4,195,000	USD	4,950,438	SCB	10/22/2025	—	(19,297)
EUR	2,097,500	USD	2,474,366	UBS	10/22/2025	—	(8,796)
MXN	21,160,621	USD	1,138,732	CITI	12/17/2025	7,415	—
NOK	10,041,288	USD	1,017,680	CITI	12/17/2025	—	(11,275)
NOK	6,980,165	USD	697,358	RBC	12/17/2025	2,241	—
SGD	23,000	USD	18,019	SCB	12/17/2025	—	(87)
USD	2,150,073	AUD	3,244,081	HUS	12/17/2025	1,530	—
USD	2,905,680	AUD	4,344,752	MSCS	12/17/2025	28,167	—
USD	2,503,351	EUR	2,099,500	GSI	10/22/2025	35,430	—
USD	7,434,596	EUR	6,298,500	JPM	10/22/2025	30,831	—
USD	1,238,356	EUR	1,049,750	RBC	10/22/2025	4,396	—
USD	1,240,835	EUR	1,049,750	SSB	10/22/2025	6,874	—
USD	1,238,952	EUR	1,049,750	UBS	10/22/2025	4,991	—
USD	387,372	EUR	327,771	BARC	12/17/2025	864	—
USD	2,711,260	EUR	2,296,895	HUS	12/17/2025	2,764	—
USD	757,792	EUR	641,886	JPM	12/17/2025	881	—
USD	1,900,049	EUR	1,607,827	RBC	12/17/2025	4,102	—
USD	1,094,331	GBP	804,265	BARC	12/17/2025	12,566	—
USD	89,813	GBP	66,241	BNY	12/17/2025	716	—
USD	342,251	GBP	250,581	HUS	12/17/2025	5,210	—
USD	805,583	GBP	593,784	JPM	12/17/2025	6,922	—
USD	1,807,956	GBP	1,333,578	MSCS	12/17/2025	14,246	—
USD	1,233,909	GBP	909,154	UBS	12/17/2025	11,064	—
USD	1,820,205	MXN	34,341,256	JPM	12/17/2025	—	(39,861)
USD	858,369	MXN	16,153,226	SCB	12/17/2025	—	(16,557)
USD	1,009,437	NOK	10,002,815	BARC	12/17/2025	6,888	—
USD	1,103,651	NOK	10,988,731	GSI	12/17/2025	2,287	—
USD	1,017,182	NOK	10,060,439	SCB	12/17/2025	8,858	—
USD	925,241	NZD	1,541,696	BARC	12/17/2025	28,834	—
USD	1,228,760	NZD	2,074,080	MSCS	12/17/2025	22,803	—
USD	987,241	NZD	1,648,782	TD	12/17/2025	28,570	—
USD	2,760,664	SGD	3,523,574	BARC	12/17/2025	13,585	—
USD	1,946,268	SGD	2,492,177	GSI	12/17/2025	3,296	—
USD	2,070,498	SGD	2,642,805	HUS	12/17/2025	10,092	—
						$325,159	$(131,023)

WRITTEN OPTIONS

Foreign currency options
Description	Counterparty (OTC)	Currency	Exercise price	Expiration date	Notional amount*	Premium	Value
Calls
U.S. Dollar vs. Chinese Yuan	JPM	USD	7.65	Nov 2025	4,150,000	$22,742	$(4)
						$22,742	$(4)
Puts
Euro vs. U.S. Dollar	GSI	EUR	1.15	Oct 2025	9,040,000	20,792	(6,442)
Euro vs. U.S. Dollar	JPM	EUR	1.16	Oct 2025	13,685,000	33,939	(25,177)
						$54,731	$(31,619)
						$77,473	$(31,623)
* For this type of option, notional amounts are equivalent to number of contracts.

Derivatives Currency Abbreviations
AUD	Australian Dollar
EUR	Euro
GBP	Pound Sterling
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
SGD	Singapore Dollar
USD	U.S. Dollar

243

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BNY	The Bank of New York Mellon
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
SCB	Standard Chartered Bank
SSB	State Street Bank and Trust Company
TD	The Toronto-Dominion Bank
UBS	UBS AG

Total Bond Market Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 71.0%
U.S. Government – 45.9%
U.S. Treasury Bonds
1.250%, 05/15/2050	$	6,025,000	$	2,955,310
2.000%, 11/15/2041		6,000,000		4,213,594
2.000%, 08/15/2051		12,000,000		7,030,313
2.250%, 08/15/2049		2,000,000		1,276,563
2.750%, 08/15/2047		3,000,000		2,174,766
2.875%, 05/15/2049		1,500,000		1,094,297
3.000%, 02/15/2047 to 02/15/2049		21,995,000		16,673,674
3.375%, 08/15/2042		3,960,000		3,374,044
3.625%, 02/15/2053 to 05/15/2053		6,320,000		5,221,787
3.875%, 02/15/2043		3,030,000		2,750,080
4.000%, 11/15/2052		6,000,000		5,309,766
4.125%, 08/15/2053		1,725,000		1,559,171
4.250%, 05/15/2039 to 08/15/2054		18,999,000		17,774,960
4.375%, 05/15/2041		780,000		766,441
4.500%, 02/15/2044		1,910,000		1,868,144
4.625%, 02/15/2040 to 05/15/2044		6,500,000		6,577,910
4.750%, 02/15/2041 to 08/15/2055		21,041,000		21,161,210
4.875%, 08/15/2045		400,000		408,938
5.000%, 05/15/2045		5,555,000		5,768,520
U.S. Treasury Notes
1.500%, 01/31/2027		6,825,000		6,631,980
2.250%, 11/15/2027		19,795,000		19,244,452
2.875%, 05/15/2028		4,800,000		4,710,187
3.375%, 09/15/2028		10,000,000		9,932,031
3.625%, 08/15/2028 to 09/30/2030		30,614,000		30,475,335
3.750%, 04/30/2027 to 12/31/2028		29,935,000		30,020,496
3.875%, 03/31/2027 to 09/30/2032		55,292,000		55,497,538
4.000%, 12/15/2027 to 07/31/2032		45,603,000		45,991,397
4.125%, 10/31/2026 to 11/15/2032		76,451,000		77,301,541
4.250%, 11/30/2026 to 08/15/2035		48,907,000		49,470,447
4.375%, 07/15/2027 to 01/31/2032		12,613,000		12,902,663
4.500%, 05/15/2027 to 11/15/2033		25,100,000		25,853,008
4.625%, 06/15/2027 to 05/31/2031		20,120,000		20,814,404
				496,804,967
U.S. Government Agency – 25.1%
Federal Home Loan Bank
4.100%, 08/28/2029		1,000,000		997,692
5.500%, 07/15/2036		1,690,000		1,849,989
Federal Home Loan Mortgage Corp.
1.500%, 12/01/2036 to 03/01/2051		4,639,145		3,747,896
2.000%, 07/01/2035 to 12/01/2051		8,003,604		6,637,943
2.500%, 04/01/2031 to 05/01/2052		11,184,866		9,570,091
3.000%, 07/01/2032 to 08/01/2052		10,077,993		9,056,057
3.500%, 12/01/2025 to 07/01/2052		5,933,569		5,503,067

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)
4.000%, 12/01/2039 to 09/01/2047	$	941,904	$	911,593
4.500%, 07/01/2029 to 07/01/2052		5,707,770		5,600,655
5.000%, 07/01/2035 to 07/01/2053		4,234,789		4,225,171
5.500%, 04/01/2027 to 07/01/2055		10,750,806		10,906,929
6.000%, 10/01/2036 to 05/01/2055		11,444,163		11,764,810
6.250%, 07/15/2032		450,000		510,812
6.500%, 08/01/2037 to 09/01/2053		1,537,316		1,607,753
6.586%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.836%), 08/01/2037 (A)		204,558		211,864
6.750%, 09/15/2029		1,200,000		1,334,775
7.000%, 04/01/2029 to 04/01/2032		4,737		4,967
7.500%, 09/01/2030 to 03/01/2032		2,619		2,791
8.000%, 02/01/2030		139		145
Federal National Mortgage Association
1.500%, 11/01/2036 to 02/01/2051		4,853,502		4,162,800
2.000%, 02/01/2035 to 06/01/2052		49,845,970		41,556,114
2.500%, 05/01/2028 to 04/01/2052		28,087,535		24,377,154
3.000%, 01/01/2027 to 03/01/2052		14,524,439		13,155,578
3.500%, 12/01/2025 to 07/01/2052		9,492,110		8,847,581
4.000%, 02/01/2031 to 04/01/2053		13,409,235		12,866,832
4.500%, 08/01/2033 to 07/01/2053		3,837,930		3,773,849
5.000%, 12/01/2034 to 10/01/2054		8,213,678		8,221,499
5.500%, 01/01/2034 to 02/01/2055		6,163,970		6,261,124
5.625%, 07/15/2037		500,000		553,089
6.000%, 07/01/2027 to 07/01/2055		5,062,875		5,198,737
6.036%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.411%), 07/01/2034 (A)		27,883		28,300
6.307%, (1 Year CMT + 2.185%), 05/01/2036 (A)		26,791		27,454
6.335%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.335%), 01/01/2035 (A)		8,002		8,152
6.376%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.580%), 09/01/2037 (A)		29,497		30,402
6.500%, 07/01/2031 to 12/01/2053		2,043,774		2,125,406
6.875%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.875%), 04/01/2037 (A)		36,543		38,020
7.000%, 02/01/2031 to 10/01/2038		21,115		22,508
7.125%, 01/15/2030		209,000		237,680
7.250%, 05/15/2030		1,450,000		1,664,676

 

244

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
7.500%, 09/01/2030 to 08/01/2031	$	8,940	$	9,432
8.000%, 08/01/2030 to 09/01/2031		1,089		1,141
8.500%, 09/01/2030		130		138
Government National Mortgage Association
2.000%, 11/20/2050 to 08/20/2051		10,924,470		9,043,550
2.500%, 08/20/2050 to 11/20/2051		11,488,683		9,897,927
3.000%, 08/15/2043 to 05/20/2053		8,817,743		7,933,677
3.500%, 04/15/2042 to 01/20/2052		6,592,091		6,129,762
4.000%, 11/15/2026 to 03/20/2053		5,375,201		5,139,124
4.500%, 08/15/2033 to 07/20/2053		5,431,653		5,316,896
5.000%, 08/15/2033 to 10/20/2054		6,463,357		6,467,910
5.500%, 11/15/2032 to 02/20/2055		7,926,650		8,022,857
6.000%, 07/15/2029 to 06/20/2055		4,836,624		4,941,734
6.500%, 05/15/2028 to 11/20/2052		745,004		769,797
7.000%, 08/15/2029 to 05/15/2032		8,160		8,371
7.500%, 09/15/2030 to 01/15/2031		2,388		2,479
				271,286,750
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $805,221,666)			$	768,091,717
FOREIGN GOVERNMENT OBLIGATIONS – 0.8%
Canada – 0.0%
Province of British Columbia 6.500%, 01/15/2026		490,000		493,044
Chile – 0.1%
Republic of Chile 3.100%, 05/07/2041		675,000		513,068
Indonesia – 0.1%
Republic of Indonesia 3.850%, 10/15/2030		1,050,000		1,029,105
Italy – 0.1%
Republic of Italy 5.375%, 06/15/2033		1,000,000		1,054,302
Japan – 0.1%
Japan Bank for International Cooperation 3.500%, 10/31/2028		830,000		821,903
Mexico – 0.3%
Government of Mexico
3.750%, 01/11/2028		2,000,000		1,977,500
6.050%, 01/11/2040		930,000		933,999
				2,911,499
Panama – 0.0%
Republic of Panama 6.700%, 01/26/2036		370,000		390,184
Peru – 0.0%
Republic of Peru 6.550%, 03/14/2037		250,000		278,000
Poland – 0.1%
Republic of Poland 5.125%, 09/18/2034		1,000,000		1,022,183
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $8,642,198)			$	8,513,288
CORPORATE BONDS – 24.7%
Communication services – 1.8%
Alphabet, Inc.
1.100%, 08/15/2030		300,000		262,743
2.050%, 08/15/2050		400,000		227,684

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
AT&T, Inc.
2.550%, 12/01/2033	$	665,000	$	566,254
3.800%, 12/01/2057		644,000		459,203
4.750%, 05/15/2046		700,000		625,081
4.850%, 07/15/2045		500,000		449,125
5.150%, 03/15/2042		115,000		111,654
5.400%, 02/15/2034		800,000		831,476
6.375%, 03/01/2041		380,000		410,136
British Telecommunications PLC 9.625%, 12/15/2030		205,000		252,411
Charter Communications Operating LLC
2.800%, 04/01/2031		600,000		541,351
5.050%, 03/30/2029		420,000		425,499
5.375%, 05/01/2047		525,000		453,775
Comcast Corp.
2.350%, 01/15/2027		275,000		269,515
2.887%, 11/01/2051		256,000		157,689
3.450%, 02/01/2050		500,000		349,537
3.999%, 11/01/2049		545,000		420,285
4.049%, 11/01/2052		1,065,000		816,560
4.600%, 10/15/2038		200,000		188,441
6.500%, 11/15/2035		72,000		80,555
Deutsche Telekom International Finance BV 8.750%, 06/15/2030		161,000		189,772
Fox Corp. 3.500%, 04/08/2030		640,000		619,925
Grupo Televisa SAB 6.625%, 01/15/2040		220,000		202,129
Meta Platforms, Inc.
4.600%, 05/15/2028		250,000		255,116
4.950%, 05/15/2033		745,000		771,365
Netflix, Inc. 4.875%, 04/15/2028		320,000		327,031
Oracle Corp. 4.200%, 09/27/2029		300,000		299,372
Paramount Global 4.950%, 05/19/2050		495,000		393,535
Rogers Communications, Inc. 4.500%, 03/15/2042		735,000		639,886
TCI Communications, Inc. 7.125%, 02/15/2028		110,000		117,257
Telefonica Emisiones SA 7.045%, 06/20/2036		230,000		259,486
Telefonica Europe BV 8.250%, 09/15/2030		380,000		439,041
The Walt Disney Company
2.650%, 01/13/2031		400,000		372,155
6.200%, 12/15/2034		480,000		541,570
Time Warner Cable Enterprises LLC 8.375%, 07/15/2033		570,000		668,718
T-Mobile USA, Inc.
3.000%, 02/15/2041		430,000		323,112
3.875%, 04/15/2030		635,000		622,674
4.500%, 04/15/2050		700,000		588,853
5.750%, 01/15/2054		750,000		749,987
TWDC Enterprises 18 Corp. 4.125%, 06/01/2044		525,000		448,368
Verizon Communications, Inc.
1.680%, 10/30/2030		200,000		175,865
2.875%, 11/20/2050		500,000		319,123
4.016%, 12/03/2029		535,000		531,277
4.522%, 09/15/2048		1,335,000		1,145,353

 

245

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Communication services (continued)
Vodafone Group PLC 6.150%, 02/27/2037	$	330,000	$	359,580
				19,259,524
Consumer discretionary – 1.5%
Amazon.com, Inc.
2.100%, 05/12/2031		400,000		359,864
2.500%, 06/03/2050		800,000		494,213
4.050%, 08/22/2047		450,000		380,693
4.700%, 12/01/2032		750,000		770,846
American Honda Finance Corp. 1.800%, 01/13/2031		625,000		545,716
AutoZone, Inc. 3.750%, 06/01/2027		635,000		631,228
Booking Holdings, Inc. 3.550%, 03/15/2028		320,000		316,592
Chevron USA, Inc. 4.300%, 10/15/2030		300,000		301,635
Choice Hotels International, Inc. 3.700%, 01/15/2031		200,000		187,237
D.R. Horton, Inc. 1.400%, 10/15/2027		220,000		208,721
Expedia Group, Inc. 3.250%, 02/15/2030		300,000		286,634
Ford Motor Credit Company LLC 6.798%, 11/07/2028		720,000		751,719
General Motors Company 5.400%, 04/01/2048 (B)		315,000		287,224
General Motors Financial Company, Inc.
2.400%, 10/15/2028		345,000		326,460
3.100%, 01/12/2032		380,000		342,353
3.600%, 06/21/2030		420,000		400,130
5.350%, 07/15/2027		300,000		305,431
5.900%, 01/07/2035		350,000		361,110
5.950%, 04/04/2034		220,000		228,481
Honda Motor Company Ltd. 5.337%, 07/08/2035		300,000		305,675
Lennar Corp. 4.750%, 11/29/2027		315,000		317,983
Lowe's Companies, Inc.
3.650%, 04/05/2029		600,000		589,639
3.750%, 04/01/2032		550,000		526,099
McDonald's Corp.
4.950%, 03/03/2035 (B)		500,000		506,579
5.000%, 05/17/2029		550,000		566,244
NIKE, Inc. 2.850%, 03/27/2030		250,000		237,453
President and Fellows of Harvard College 4.887%, 03/15/2030		1,000,000		1,029,736
Starbucks Corp. 3.550%, 08/15/2029		315,000		308,633
The Home Depot, Inc.
1.375%, 03/15/2031		645,000		555,937
2.700%, 04/15/2030		650,000		612,267
4.250%, 04/01/2046		310,000		266,187
5.875%, 12/16/2036		155,000		168,789
The TJX Companies, Inc.
3.875%, 04/15/2030		400,000		396,487
4.500%, 04/15/2050		530,000		467,054
Toll Brothers Finance Corp. 3.800%, 11/01/2029		200,000		195,779
Toyota Motor Credit Corp.
1.150%, 08/13/2027		530,000		504,422
1.900%, 09/12/2031		730,000		637,131
3.050%, 01/11/2028		530,000		519,180

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
Trustees of Dartmouth College 4.273%, 06/01/2030	$	500,000	$	503,546
Yale University 4.701%, 04/15/2032		100,000		101,743
				16,802,850
Consumer staples – 1.4%
Altria Group, Inc.
3.400%, 02/04/2041		425,000		329,420
4.500%, 05/02/2043		500,000		431,197
Anheuser-Busch Companies LLC 4.900%, 02/01/2046		464,000		434,689
Anheuser-Busch InBev Worldwide, Inc.
4.900%, 01/23/2031		340,000		351,290
5.000%, 06/15/2034		335,000		345,599
5.450%, 01/23/2039		250,000		258,304
BAT Capital Corp.
2.726%, 03/25/2031		650,000		593,873
5.625%, 08/15/2035		500,000		519,502
Constellation Brands, Inc. 4.500%, 05/09/2047		370,000		310,803
Costco Wholesale Corp. 1.600%, 04/20/2030		525,000		473,318
Diageo Capital PLC 2.000%, 04/29/2030		300,000		272,834
General Mills, Inc. 2.875%, 04/15/2030		635,000		595,977
JBS USA LUX SA
4.375%, 02/02/2052		375,000		294,831
5.750%, 04/01/2033		425,000		443,840
Kellanova 5.250%, 03/01/2033		200,000		207,310
Kenvue, Inc. 4.900%, 03/22/2033		525,000		533,693
Keurig Dr. Pepper, Inc. 4.597%, 05/25/2028		525,000		528,008
Kimberly-Clark Corp.
3.200%, 07/30/2046		300,000		219,167
4.500%, 02/16/2033		220,000		222,483
Kraft Heinz Foods Company
4.375%, 06/01/2046		500,000		416,094
4.625%, 01/30/2029		290,000		292,478
6.875%, 01/26/2039		40,000		44,628
Molson Coors Beverage Company
4.200%, 07/15/2046		150,000		122,201
5.000%, 05/01/2042		150,000		140,190
Mondelez International, Inc. 4.625%, 05/07/2048		300,000		255,394
PepsiCo, Inc.
3.000%, 10/15/2027		500,000		492,341
4.000%, 03/05/2042		270,000		233,689
4.600%, 02/07/2030		285,000		291,119
5.500%, 01/15/2040		305,000		321,633
Philip Morris International, Inc. 6.375%, 05/16/2038		300,000		336,682
Sysco Corp.
5.400%, 03/23/2035		50,000		51,670
6.600%, 04/01/2050		1,000,000		1,111,283
Target Corp. 3.900%, 11/15/2047		520,000		415,747
The Coca-Cola Company
2.125%, 09/06/2029		425,000		397,775
2.500%, 06/01/2040		430,000		319,870
The Estee Lauder Companies, Inc. 2.600%, 04/15/2030		635,000		592,056

 

246

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer staples (continued)
The Kroger Company
4.450%, 02/01/2047	$	300,000	$	255,772
5.000%, 09/15/2034		300,000		302,547
The Procter & Gamble Company 3.600%, 03/25/2050		630,000		491,187
Tyson Foods, Inc. 4.350%, 03/01/2029		425,000		425,327
Walmart, Inc.
3.250%, 07/08/2029		640,000		627,149
4.050%, 06/29/2048		520,000		438,308
				15,741,278
Energy – 1.8%
Baker Hughes Holdings LLC
3.337%, 12/15/2027		500,000		492,900
4.486%, 05/01/2030		550,000		555,068
Berry Global, Inc. 5.500%, 04/15/2028		280,000		287,885
BP Capital Markets America, Inc.
4.893%, 09/11/2033		525,000		532,605
5.017%, 11/17/2027		525,000		536,105
Canadian Natural Resources, Ltd. 6.250%, 03/15/2038		305,000		325,539
Cenovus Energy, Inc.
4.250%, 04/15/2027		330,000		329,978
5.400%, 06/15/2047		300,000		276,304
ConocoPhillips Company
4.300%, 11/15/2044		330,000		284,695
5.000%, 01/15/2035		300,000		303,915
Devon Energy Corp.
5.000%, 06/15/2045		885,000		770,495
7.875%, 09/30/2031		210,000		243,719
Diamondback Energy, Inc.
5.150%, 01/30/2030		325,000		334,708
5.750%, 04/18/2054		200,000		192,518
Enbridge, Inc.
3.700%, 07/15/2027		300,000		297,542
4.500%, 06/10/2044		335,000		286,032
5.700%, 03/08/2033		525,000		552,488
Energy Transfer LP
3.750%, 05/15/2030		455,000		441,837
5.500%, 06/01/2027		635,000		646,011
6.125%, 12/15/2045		370,000		372,507
6.500%, 02/01/2042		250,000		264,789
Enterprise Products Operating LLC
3.200%, 02/15/2052		700,000		474,567
4.850%, 08/15/2042		325,000		302,775
4.950%, 02/15/2035		200,000		201,663
6.875%, 03/01/2033		130,000		147,394
Exxon Mobil Corp.
2.995%, 08/16/2039		425,000		340,048
3.482%, 03/19/2030		520,000		507,893
Kinder Morgan Energy Partners LP
6.375%, 03/01/2041		75,000		80,108
6.500%, 09/01/2039		180,000		194,875
Kinder Morgan, Inc.
5.000%, 02/01/2029		625,000		639,076
5.550%, 06/01/2045		400,000		388,520
MPLX LP
4.800%, 02/15/2029		420,000		425,844
5.000%, 03/01/2033		315,000		315,078
5.200%, 03/01/2047		155,000		139,292
5.950%, 04/01/2055		200,000		195,518
Occidental Petroleum Corp.
5.200%, 08/01/2029		250,000		253,675
5.375%, 01/01/2032		100,000		101,698

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Occidental Petroleum Corp. (continued)
6.625%, 09/01/2030	$	385,000	$	412,498
ONEOK Partners LP 6.650%, 10/01/2036		288,000		314,699
ONEOK, Inc.
5.650%, 11/01/2028		390,000		404,432
6.625%, 09/01/2053		500,000		531,895
Ovintiv, Inc. 6.500%, 08/15/2034		290,000		309,668
Phillips 66 Company 3.750%, 03/01/2028		230,000		227,812
Plains All American Pipeline LP
4.700%, 01/15/2031		80,000		80,170
4.900%, 02/15/2045		395,000		344,506
Shell Finance US, Inc. 4.375%, 05/11/2045		1,000,000		873,639
Shell International Finance BV 6.375%, 12/15/2038		130,000		147,088
Suncor Energy, Inc. 5.950%, 05/15/2035		163,000		168,484
Targa Resources Partners LP 4.000%, 01/15/2032		500,000		474,172
The Williams Companies, Inc.
3.500%, 11/15/2030		425,000		406,210
5.100%, 09/15/2045		420,000		388,815
5.300%, 09/30/2035		150,000		152,215
TransCanada PipeLines, Ltd. 5.850%, 03/15/2036		425,000		447,028
Valero Energy Corp. 7.500%, 04/15/2032		270,000		312,311
				19,031,306
Financials – 8.1%
Ally Financial, Inc.
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033		295,000		296,092
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035		160,000		165,023
American Express Company 4.420%, (4.420% to 8-3-32, then Overnight SOFR + 1.760%), 08/03/2033		1,046,000		1,036,413
American International Group, Inc. 5.125%, 03/27/2033		440,000		452,639
Ameriprise Financial, Inc. 5.150%, 05/15/2033		525,000		544,017
Aon Corp. 2.050%, 08/23/2031		440,000		386,564
Aon North America, Inc. 5.450%, 03/01/2034		300,000		312,511
Arch Capital Finance LLC 4.011%, 12/15/2026		400,000		399,246
Ares Capital Corp. 5.875%, 03/01/2029		525,000		540,151
Arthur J. Gallagher & Company
5.450%, 07/15/2034		400,000		414,227
5.550%, 02/15/2055		300,000		293,175
Athene Holding, Ltd.
4.125%, 01/12/2028		225,000		224,633
6.250%, 04/01/2054		250,000		254,872
Banco Santander SA 1.722%, (1.722% to 9-14-26, then 1 Year CMT + 0.900%), 09/14/2027		700,000		683,074

 

247

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Bank of America Corp.
3.419%, (3.419% to 12-20-27, then 3 month CME Term SOFR + 1.302%), 12/20/2028	$	1,437,000	$	1,415,076
3.970%, (3.970% to 3-5-28, then 3 month CME Term SOFR + 1.332%), 03/05/2029		500,000		497,569
3.974%, (3.974% to 2-7-29, then 3 month CME Term SOFR + 1.472%), 02/07/2030		2,105,000		2,089,469
4.443%, (4.443% to 1-20-47, then 3 month CME Term SOFR + 2.252%), 01/20/2048		520,000		456,072
5.468%, (5.468% to 1-23-34, then Overnight SOFR + 1.650%), 01/23/2035		615,000		642,202
5.511%, (5.511% to 1-24-35, then Overnight SOFR + 1.310%), 01/24/2036		680,000		710,813
7.750%, 05/14/2038		480,000		586,232
Bank of Montreal 5.511%, 06/04/2031		500,000		526,647
Barclays PLC
4.950%, 01/10/2047		320,000		294,924
5.367%, (5.367% to 2-25-30, then Overnight SOFR + 1.230%), 02/25/2031		250,000		257,788
5.674%, (5.674% to 3-12-27, then Overnight SOFR + 1.490%), 03/12/2028		500,000		509,724
7.437%, (7.437% to 11-2-32, then 1 Year CMT + 3.500%), 11/02/2033		750,000		860,568
Berkshire Hathaway Finance Corp. 4.400%, 05/15/2042		630,000		588,638
Blackstone Private Credit Fund 5.950%, 07/16/2029		315,000		324,057
Capital One Financial Corp.
5.197%, (5.197% to 9-11-35, then Overnight SOFR + 1.630%), 09/11/2036		300,000		296,700
5.268%, (5.268% to 5-10-32, then Overnight SOFR + 2.370%), 05/10/2033		505,000		516,430
5.700%, (5.700% to 2-1-29, then Overnight SOFR + 1.905%), 02/01/2030		650,000		674,840
Capital One NA 4.650%, 09/13/2028		250,000		253,000
Chubb INA Holdings LLC 4.900%, 08/15/2035		300,000		301,783
Citigroup, Inc.
1.462%, (1.462% to 6-9-26, then Overnight SOFR + 0.770%), 06/09/2027		685,000		671,971
2.561%, (2.561% to 5-1-31, then Overnight SOFR + 1.167%), 05/01/2032		745,000		671,468
2.666%, (2.666% to 1-29-30, then Overnight SOFR + 1.146%), 01/29/2031		700,000		650,704
4.281%, (4.281% to 4-24-47, then 3 month CME Term SOFR + 2.101%), 04/24/2048		420,000		356,776
4.450%, 09/29/2027		500,000		502,035

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Citigroup, Inc. (continued)
4.658%, (4.658% to 5-24-27, then Overnight SOFR + 1.887%), 05/24/2028	$	700,000	$	705,264
5.449%, (5.449% to 6-11-34, then Overnight SOFR + 1.447%), 06/11/2035		865,000		896,986
Citizens Financial Group, Inc.
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031		200,000		204,974
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032		215,000		224,490
CNA Financial Corp. 3.900%, 05/01/2029		320,000		315,867
CNO Financial Group, Inc. 5.250%, 05/30/2029		210,000		213,623
Corebridge Financial, Inc. 3.900%, 04/05/2032		265,000		253,022
Deutsche Bank AG
3.742%, (3.742% to 1-7-32, then Overnight SOFR + 2.257%), 01/07/2033		300,000		276,319
5.297%, (5.297% to 5-9-30, then Overnight SOFR + 1.720%), 05/09/2031		150,000		153,655
5.403%, (5.403% to 9-11-34, then Overnight SOFR + 2.050%), 09/11/2035		350,000		356,897
5.706%, (5.706% to 2-8-27, then Overnight SOFR + 1.594%), 02/08/2028		250,000		254,542
European Investment Bank
4.375%, 03/19/2027		1,500,000		1,513,604
4.875%, 02/15/2036		1,000,000		1,053,674
Fifth Third Bancorp
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032		300,000		314,505
6.339%, (6.339% to 7-27-28, then Overnight SOFR + 2.340%), 07/27/2029		315,000		331,904
Fiserv, Inc. 2.250%, 06/01/2027		630,000		611,940
Five Corners Funding Trust II 2.850%, 05/15/2030 (C)		630,000		590,136
GE Capital International Funding Company 4.418%, 11/15/2035		647,000		633,436
Global Payments, Inc. 4.450%, 06/01/2028		425,000		425,685
Hartford Insurance Group, Inc. 5.950%, 10/15/2036		170,000		183,162
HSBC Holdings PLC
2.848%, (2.848% to 6-4-30, then Overnight SOFR + 2.387%), 06/04/2031		1,000,000		929,802
4.583%, (4.583% to 6-19-28, then 3 month CME Term SOFR + 1.796%), 06/19/2029		1,050,000		1,057,428
5.240%, (5.240% to 5-13-30, then Overnight SOFR + 1.570%), 05/13/2031		250,000		257,263
6.500%, 09/15/2037		695,000		757,075

 

248

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Huntington Bancshares, Inc.
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031	$	200,000	$	206,134
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039		225,000		234,138
ING Groep NV 4.252%, (4.252% to 3-28-32, then Overnight SOFR + 2.070%), 03/28/2033		300,000		293,707
Inter-American Development Bank
1.125%, 07/20/2028		500,000		466,420
1.125%, 01/13/2031		2,000,000		1,742,764
4.000%, 01/12/2028		1,000,000		1,006,834
4.500%, 02/15/2030		500,000		514,821
Intercontinental Exchange, Inc.
3.100%, 09/15/2027		440,000		432,138
4.600%, 03/15/2033		500,000		502,405
International Bank for Reconstruction & Development
0.750%, 11/24/2027		1,000,000		940,103
4.000%, 01/10/2031		1,000,000		1,007,506
JPMorgan Chase & Co.
2.522%, (2.522% to 4-22-30, then Overnight SOFR + 2.040%), 04/22/2031		391,000		362,664
3.109%, (3.109% to 4-22-50, then Overnight SOFR + 2.440%), 04/22/2051		1,940,000		1,341,342
3.509%, (3.509% to 1-23-28, then 3 month CME Term SOFR + 1.207%), 01/23/2029		500,000		493,413
3.540%, (3.540% to 5-1-27, then 3 month CME Term SOFR + 1.642%), 05/01/2028		810,000		802,921
4.452%, (4.452% to 12-5-28, then 3 month CME Term SOFR + 1.592%), 12/05/2029		900,000		907,448
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030		805,000		814,412
4.851%, (4.851% to 7-25-27, then Overnight SOFR + 1.990%), 07/25/2028		1,000,000		1,013,222
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035		735,000		759,163
6.400%, 05/15/2038		250,000		283,967
KeyBank NA
5.000%, 01/26/2033		325,000		327,094
5.850%, 11/15/2027		250,000		257,921
Lincoln National Corp.
3.625%, 12/12/2026		525,000		521,587
7.000%, 06/15/2040		160,000		181,734
M&T Bank Corp.
4.553%, (4.553% to 8-16-27, then SOFR Compounded Index + 1.780%), 08/16/2028		100,000		100,623
5.053%, (5.053% to 1-27-33, then Overnight SOFR + 1.850%), 01/27/2034		125,000		125,320
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031		124,000		126,989

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Marsh & McLennan Companies, Inc.
2.375%, 12/15/2031	$	250,000	$	222,627
4.900%, 03/15/2049		265,000		243,637
Mastercard, Inc.
2.000%, 11/18/2031		385,000		339,873
2.950%, 11/21/2026		300,000		296,734
MetLife, Inc.
4.600%, 05/13/2046		520,000		475,141
5.300%, 12/15/2034		300,000		312,040
Mitsubishi UFJ Financial Group, Inc.
1.538%, (1.538% to 7-20-26, then 1 Year CMT + 0.750%), 07/20/2027		1,360,000		1,330,912
5.441%, (5.441% to 2-22-33, then 1 Year CMT + 1.630%), 02/22/2034		215,000		225,160
Mizuho Financial Group, Inc. 1.234%, (1.234% to 5-22-26, then 1 Year CMT + 0.670%), 05/22/2027		800,000		784,696
Morgan Stanley
1.512%, (1.512% to 7-20-26, then Overnight SOFR + 0.858%), 07/20/2027		525,000		513,752
3.622%, (3.622% to 4-1-30, then Overnight SOFR + 3.120%), 04/01/2031		1,000,000		970,303
3.772%, (3.772% to 1-24-28, then 3 month CME Term SOFR + 1.402%), 01/24/2029		635,000		629,496
4.375%, 01/22/2047		1,095,000		960,283
5.164%, (5.164% to 4-20-28, then Overnight SOFR + 1.590%), 04/20/2029		1,000,000		1,023,632
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035		485,000		500,447
6.296%, (6.296% to 10-18-27, then Overnight SOFR + 2.240%), 10/18/2028		1,050,000		1,094,193
Nasdaq, Inc. 1.650%, 01/15/2031		500,000		437,116
National Rural Utilities Cooperative Finance Corp. 4.023%, 11/01/2032		740,000		716,920
NatWest Group PLC
4.964%, (4.964% to 8-15-29, then 1 Year CMT + 1.220%), 08/15/2030		315,000		320,806
5.115%, (5.115% to 5-23-30, then 1 Year CMT + 1.050%), 05/23/2031		300,000		307,616
5.583%, (5.583% to 3-1-27, then 1 Year CMT + 1.100%), 03/01/2028		225,000		229,178
5.778%, (5.778% to 3-1-34, then 1 Year CMT + 1.500%), 03/01/2035		210,000		221,452
Nomura Holdings, Inc. 3.103%, 01/16/2030		1,050,000		990,951
PayPal Holdings, Inc.
2.300%, 06/01/2030		455,000		418,849
2.850%, 10/01/2029		500,000		476,680
Prudential Financial, Inc. 4.350%, 02/25/2050		300,000		253,888
Raymond James Financial, Inc. 4.950%, 07/15/2046		525,000		484,601
Royal Bank of Canada
2.300%, 11/03/2031		850,000		760,214
4.900%, 01/12/2028		300,000		306,120
S&P Global, Inc. 2.900%, 03/01/2032		640,000		586,159

 

249

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
Santander Holdings USA, Inc. 4.400%, 07/13/2027	$	250,000	$	250,686
State Street Corp. 5.159%, (5.159% to 5-18-33, then Overnight SOFR + 1.890%), 05/18/2034		740,000		766,611
Sumitomo Mitsui Financial Group, Inc.
3.364%, 07/12/2027		760,000		752,434
5.558%, 07/09/2034		375,000		395,500
5.710%, 01/13/2030		350,000		369,075
The Allstate Corp.
4.200%, 12/15/2046		300,000		251,542
5.250%, 03/30/2033		250,000		259,242
The Bank of New York Mellon Corp.
3.250%, 05/16/2027		800,000		792,838
4.596%, (4.596% to 7-26-29, then SOFR + 1.755%), 07/26/2030		240,000		243,900
The Bank of Nova Scotia 4.850%, 02/01/2030		715,000		732,030
The Charles Schwab Corp.
3.200%, 01/25/2028		330,000		324,197
5.853%, (5.853% to 5-19-33, then Overnight SOFR + 2.500%), 05/19/2034		320,000		342,475
The Goldman Sachs Group, Inc.
2.600%, 02/07/2030		720,000		674,409
2.650%, (2.650% to 10-21-31, then Overnight SOFR + 1.264%), 10/21/2032		405,000		364,229
3.102%, (3.102% to 2-24-32, then Overnight SOFR + 1.410%), 02/24/2033		1,000,000		917,379
3.210%, (3.210% to 4-22-41, then Overnight SOFR + 1.513%), 04/22/2042		1,035,000		800,224
4.482%, (4.482% to 8-23-27, then Overnight SOFR + 1.725%), 08/23/2028		1,000,000		1,006,257
5.727%, (5.727% to 4-25-29, then Overnight SOFR + 1.265%), 04/25/2030		600,000		627,745
The PNC Financial Services Group, Inc.
3.450%, 04/23/2029		1,060,000		1,037,836
4.758%, (4.758% to 1-26-26, then SOFR Compounded Index + 1.085%), 01/26/2027		300,000		300,324
4.899%, (4.899% to 5-13-30, then Overnight SOFR + 1.333%), 05/13/2031		320,000		326,781
The Toronto-Dominion Bank 2.000%, 09/10/2031		830,000		737,372
The Travelers Companies, Inc.
4.050%, 03/07/2048		300,000		248,057
5.050%, 07/24/2035		300,000		305,346
Travelers Property Casualty Corp. 7.750%, 04/15/2026		50,000		50,984
Truist Financial Corp.
1.125%, 08/03/2027		525,000		497,962
5.435%, (5.435% to 1-24-29, then Overnight SOFR + 1.620%), 01/24/2030		525,000		543,220
U.S. Bancorp
5.384%, (5.384% to 1-23-29, then Overnight SOFR + 1.560%), 01/23/2030		630,000		651,369

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
U.S. Bancorp (continued)
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034	$	630,000	$	671,320
UBS AG 5.000%, 07/09/2027		270,000		274,543
Visa, Inc.
2.050%, 04/15/2030		635,000		584,022
4.300%, 12/14/2045		488,000		430,800
Wells Fargo & Company
2.572%, (2.572% to 2-11-30, then 3 month CME Term SOFR + 1.262%), 02/11/2031		2,035,000		1,891,186
3.068%, (3.068% to 4-30-40, then Overnight SOFR + 2.530%), 04/30/2041		1,600,000		1,242,060
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033		1,035,000		963,456
3.526%, (3.526% to 3-24-27, then SOFR + 1.510%), 03/24/2028		400,000		396,430
Westpac Banking Corp.
4.354%, 07/01/2030		300,000		302,668
5.618%, (5.618% to 11-20-34, then 1 Year CMT + 1.200%), 11/20/2035		500,000		515,566
				87,215,717
Health care – 2.7%
Abbott Laboratories
3.750%, 11/30/2026		283,000		282,862
4.750%, 11/30/2036		330,000		333,023
AbbVie, Inc.
3.200%, 11/21/2029		1,030,000		993,692
4.400%, 11/06/2042		690,000		622,283
4.950%, 03/15/2031		200,000		206,725
5.050%, 03/15/2034		275,000		282,982
Amgen, Inc.
4.400%, 05/01/2045		260,000		225,765
4.663%, 06/15/2051		494,000		431,533
5.250%, 03/02/2033		1,210,000		1,253,367
Astrazeneca Finance LLC
4.900%, 03/03/2030		250,000		257,521
5.000%, 02/26/2034		250,000		257,824
Baxter International, Inc. 3.950%, 04/01/2030		530,000		519,551
Becton, Dickinson and Company
3.700%, 06/06/2027		100,000		99,325
4.685%, 12/15/2044		420,000		376,135
Biogen, Inc. 3.250%, 02/15/2051		591,000		387,158
Boston Scientific Corp.
2.650%, 06/01/2030		525,000		491,098
4.000%, 03/01/2028		50,000		50,126
Bristol-Myers Squibb Company
3.250%, 08/01/2042		545,000		420,468
4.550%, 02/20/2048		300,000		262,326
5.200%, 02/22/2034		420,000		435,523
Cardinal Health, Inc. 5.125%, 02/15/2029		525,000		540,041
Centene Corp. 4.250%, 12/15/2027		535,000		525,379
CVS Health Corp.
4.300%, 03/25/2028		719,000		719,474
5.050%, 03/25/2048		520,000		462,664
DH Europe Finance II Sarl 3.250%, 11/15/2039		300,000		245,796

 

250

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
Dignity Health 4.500%, 11/01/2042	$	300,000	$	262,646
Elevance Health, Inc.
4.101%, 03/01/2028		370,000		369,800
4.600%, 09/15/2032		250,000		248,481
4.650%, 08/15/2044		150,000		133,042
6.100%, 10/15/2052		353,000		367,144
Eli Lilly & Company
2.250%, 05/15/2050		530,000		308,620
4.750%, 02/12/2030		275,000		282,078
5.100%, 02/12/2035		200,000		206,894
5.500%, 02/12/2055		250,000		255,357
Evernorth Health, Inc. 6.125%, 11/15/2041		330,000		310,831
GE HealthCare Technologies, Inc. 5.857%, 03/15/2030		250,000		264,875
Gilead Sciences, Inc.
4.500%, 02/01/2045		250,000		224,017
5.100%, 06/15/2035		375,000		385,277
GlaxoSmithKline Capital, Inc.
3.875%, 05/15/2028		225,000		224,688
6.375%, 05/15/2038		230,000		258,581
HCA, Inc.
3.500%, 09/01/2030		275,000		262,670
4.500%, 02/15/2027		225,000		225,412
5.500%, 06/15/2047		420,000		400,663
5.600%, 04/01/2034		530,000		550,185
Humana, Inc. 3.950%, 03/15/2027		370,000		368,785
Johnson & Johnson
2.100%, 09/01/2040		500,000		352,482
5.850%, 07/15/2038		315,000		348,531
Laboratory Corp. of America Holdings 2.950%, 12/01/2029		530,000		502,502
McKesson Corp. 4.950%, 05/30/2032		220,000		225,277
Medtronic, Inc. 4.375%, 03/15/2035		530,000		520,158
Merck & Company, Inc.
2.150%, 12/10/2031		350,000		309,200
5.000%, 05/17/2053		250,000		234,916
Merck Sharp & Dohme Corp. 6.400%, 03/01/2028		540,000		570,219
Pfizer Investment Enterprises Pte, Ltd.
4.650%, 05/19/2030		400,000		407,501
4.750%, 05/19/2033		350,000		353,588
5.300%, 05/19/2053		1,000,000		966,387
Pfizer, Inc. 4.400%, 05/15/2044		304,000		271,009
Quest Diagnostics, Inc.
4.200%, 06/30/2029		320,000		320,294
4.700%, 03/30/2045		320,000		291,947
Regeneron Pharmaceuticals, Inc. 2.800%, 09/15/2050 (B)		1,050,000		652,950
Royalty Pharma PLC 5.200%, 09/25/2035		200,000		199,830
Solventum Corp.
5.450%, 03/13/2031		300,000		312,841
5.600%, 03/23/2034		100,000		104,113
Stryker Corp. 4.625%, 03/15/2046		370,000		334,664
Takeda Pharmaceutical Company, Ltd. 5.300%, 07/05/2034		525,000		540,639
Takeda US Financing, Inc. 5.900%, 07/07/2055		300,000		309,051

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Health care (continued)
The Cigna Group 4.375%, 10/15/2028	$	530,000	$	532,788
Thermo Fisher Scientific, Inc.
2.000%, 10/15/2031		400,000		353,435
5.404%, 08/10/2043		225,000		227,477
UnitedHealth Group, Inc.
2.300%, 05/15/2031		530,000		475,111
2.900%, 05/15/2050		400,000		257,865
4.375%, 03/15/2042		60,000		53,325
4.450%, 12/15/2048		300,000		254,445
5.350%, 02/15/2033		700,000		731,634
5.800%, 03/15/2036		350,000		374,877
5.950%, 06/15/2055		250,000		260,649
Zimmer Biomet Holdings, Inc. 5.050%, 02/19/2030		400,000		411,326
Zoetis, Inc. 2.000%, 05/15/2030		330,000		300,079
				28,953,797
Industrials – 2.1%
AerCap Ireland Capital DAC
3.300%, 01/30/2032		550,000		506,491
3.850%, 10/29/2041		250,000		205,427
4.625%, 09/10/2029		250,000		252,191
5.750%, 06/06/2028		1,000,000		1,036,091
Air Lease Corp.
3.125%, 12/01/2030		645,000		596,308
3.625%, 12/01/2027		400,000		393,893
American Airlines 2016-2 Class AA Pass Through Trust 3.200%, 06/15/2028		200,310		193,940
Automatic Data Processing, Inc. 4.450%, 09/09/2034		545,000		542,433
Burlington Northern Santa Fe LLC 4.400%, 03/15/2042		370,000		334,269
Canadian Pacific Railway Company 2.875%, 11/15/2029		500,000		474,776
Carrier Global Corp.
2.493%, 02/15/2027		215,000		210,433
3.577%, 04/05/2050		170,000		126,782
Caterpillar, Inc.
2.600%, 04/09/2030		560,000		525,708
3.250%, 04/09/2050		425,000		306,045
CNH Industrial Capital LLC 4.550%, 04/10/2028		525,000		529,041
CSX Corp.
3.800%, 04/15/2050		1,035,000		801,942
4.250%, 03/15/2029		430,000		431,638
Deere & Company 3.100%, 04/15/2030		540,000		517,630
Eaton Capital ULC 4.450%, 05/09/2030		340,000		343,525
Equifax, Inc. 3.100%, 05/15/2030		855,000		809,060
General Dynamics Corp. 3.625%, 04/01/2030		525,000		515,106
General Electric Company
4.500%, 03/11/2044		200,000		182,924
6.750%, 03/15/2032		66,000		75,085
6.875%, 01/10/2039		198,000		234,662
Honeywell International, Inc. 1.950%, 06/01/2030		525,000		475,613
Ingersoll Rand, Inc.
5.400%, 08/14/2028		200,000		206,879
5.700%, 08/14/2033		220,000		233,711

 

251

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials (continued)
John Deere Capital Corp. 4.500%, 01/08/2027	$	300,000	$	302,365
Johnson Controls, Inc. 5.700%, 03/01/2041		150,000		152,236
L3Harris Technologies, Inc. 2.900%, 12/15/2029		300,000		284,553
Lockheed Martin Corp.
3.800%, 03/01/2045		425,000		347,086
5.250%, 01/15/2033		505,000		531,060
Norfolk Southern Corp. 4.837%, 10/01/2041		260,000		247,538
Northrop Grumman Corp.
3.250%, 01/15/2028		125,000		122,931
4.400%, 05/01/2030		200,000		201,656
Regal Rexnord Corp. 6.050%, 04/15/2028		310,000		320,674
Republic Services, Inc. 2.375%, 03/15/2033 (B)		415,000		361,960
RTX Corp.
4.625%, 11/16/2048		525,000		464,005
6.000%, 03/15/2031		500,000		539,691
6.125%, 07/15/2038		225,000		246,337
Southwest Airlines Company 5.125%, 06/15/2027		520,000		526,287
Stanley Black & Decker, Inc.
2.750%, 11/15/2050		330,000		195,811
4.250%, 11/15/2028		100,000		100,137
The Boeing Company
2.950%, 02/01/2030		440,000		414,256
3.750%, 02/01/2050		400,000		295,528
5.040%, 05/01/2027		200,000		202,143
5.805%, 05/01/2050		645,000		644,396
8.750%, 09/15/2031		90,000		107,509
TR Finance LLC 4.500%, 05/23/2043		250,000		209,483
Trane Technologies Holdco, Inc. 4.300%, 02/21/2048		600,000		507,375
Uber Technologies, Inc. 4.300%, 01/15/2030		535,000		536,548
Union Pacific Corp.
3.799%, 10/01/2051		343,000		264,644
3.799%, 04/06/2071		800,000		563,185
4.500%, 01/20/2033		530,000		532,999
United Airlines 2016-2 Class AA Pass Through Trust 2.875%, 10/07/2028		187,087		178,197
United Parcel Service, Inc.
3.400%, 03/15/2029		435,000		427,258
5.950%, 05/14/2055		200,000		208,868
Verisk Analytics, Inc. 4.125%, 03/15/2029		600,000		598,582
Waste Management, Inc.
2.500%, 11/15/2050		320,000		194,367
4.950%, 07/03/2031		200,000		206,778
4.950%, 03/15/2035		275,000		279,121
				22,377,167
Information technology – 1.6%
Analog Devices, Inc.
2.100%, 10/01/2031		220,000		194,510
5.300%, 04/01/2054		200,000		196,671
Apple, Inc.
1.650%, 05/11/2030		975,000		881,173
4.000%, 05/10/2028		250,000		251,447
4.100%, 08/08/2062		735,000		594,433
4.650%, 02/23/2046		325,000		303,914

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Information technology (continued)
Apple, Inc. (continued)
4.850%, 05/10/2053 (B)	$	300,000	$	291,732
Applied Materials, Inc. 5.100%, 10/01/2035		495,000		513,497
Broadcom, Inc.
2.600%, 02/15/2033 (C)		800,000		702,295
3.137%, 11/15/2035 (C)		600,000		519,099
4.300%, 11/15/2032		700,000		690,959
4.800%, 10/15/2034		400,000		402,798
CDW LLC
5.100%, 03/01/2030		200,000		203,547
5.550%, 08/22/2034		100,000		102,536
Cisco Systems, Inc.
4.950%, 02/24/2032		250,000		258,485
5.900%, 02/15/2039		80,000		86,898
Corning, Inc. 4.750%, 03/15/2042		200,000		185,075
Dell International LLC
4.750%, 04/01/2028		245,000		248,592
5.400%, 04/15/2034		600,000		619,510
Eaton Corp. 3.103%, 09/15/2027		500,000		493,459
Hewlett Packard Enterprise Company 6.200%, 10/15/2035		425,000		459,653
HP, Inc. 6.000%, 09/15/2041		525,000		542,729
IBM Corp.
4.000%, 06/20/2042		210,000		178,487
5.600%, 11/30/2039		21,000		21,963
Intel Corp.
2.000%, 08/12/2031		545,000		476,731
5.200%, 02/10/2033 (B)		1,030,000		1,053,036
Micron Technology, Inc.
5.800%, 01/15/2035		400,000		420,815
6.750%, 11/01/2029		220,000		239,151
Microsoft Corp. 2.525%, 06/01/2050		1,538,000		973,665
Motorola Solutions, Inc.
4.600%, 05/23/2029		175,000		176,882
5.400%, 04/15/2034		175,000		181,396
NVIDIA Corp. 2.000%, 06/15/2031		425,000		381,902
NXP BV 3.400%, 05/01/2030		520,000		498,599
Oracle Corp.
2.875%, 03/25/2031		435,000		399,433
3.250%, 11/15/2027		610,000		599,381
4.000%, 11/15/2047		400,000		309,998
4.125%, 05/15/2045		545,000		437,946
4.700%, 09/27/2034		200,000		195,316
5.550%, 02/06/2053		315,000		298,061
Qualcomm, Inc. 1.650%, 05/20/2032		626,000		529,587
Roper Technologies, Inc. 4.200%, 09/15/2028		500,000		501,110
Salesforce, Inc. 2.700%, 07/15/2041		445,000		327,279
Texas Instruments, Inc.
3.875%, 03/15/2039		235,000		209,749
4.500%, 05/23/2030		200,000		203,386
VMware LLC 1.800%, 08/15/2028		435,000		408,139
				17,765,024

 

252

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Materials – 0.6%
Air Products and Chemicals, Inc. 1.850%, 05/15/2027	$	530,000	$	513,097
Avery Dennison Corp. 2.650%, 04/30/2030		400,000		370,717
DuPont de Nemours, Inc. 5.319%, 11/15/2038		262,000		268,423
Eastman Chemical Company 4.650%, 10/15/2044		520,000		444,050
Freeport-McMoRan, Inc.
4.375%, 08/01/2028		225,000		223,791
5.400%, 11/14/2034		200,000		204,980
5.450%, 03/15/2043		325,000		313,034
International Paper Company 5.000%, 09/15/2035		525,000		525,963
Kinross Gold Corp. 6.875%, 09/01/2041 (B)		200,000		221,637
LYB International Finance II BV 3.500%, 03/02/2027		400,000		395,241
Martin Marietta Materials, Inc. 2.400%, 07/15/2031		300,000		268,628
Newmont Corp. 5.350%, 03/15/2034		250,000		260,759
Nucor Corp. 2.700%, 06/01/2030		300,000		280,320
Rio Tinto Alcan, Inc. 6.125%, 12/15/2033		115,000		126,243
Rio Tinto Finance USA PLC 4.750%, 03/22/2042		285,000		266,551
Rio Tinto Finance USA, Ltd. 5.200%, 11/02/2040		250,000		250,382
The Dow Chemical Company
4.375%, 11/15/2042		420,000		342,323
9.400%, 05/15/2039		130,000		169,637
The Sherwin-Williams Company 3.450%, 06/01/2027		325,000		321,913
Vulcan Materials Company 3.500%, 06/01/2030		330,000		318,779
WRKCo, Inc. 4.900%, 03/15/2029		265,000		270,029
				6,356,497
Real estate – 0.9%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/2033		415,000		340,898
American Homes 4 Rent LP
3.625%, 04/15/2032		350,000		327,530
4.950%, 06/15/2030		190,000		193,462
American Tower Corp.
3.800%, 08/15/2029		525,000		515,031
4.050%, 03/15/2032		345,000		334,296
AvalonBay Communities, Inc. 2.050%, 01/15/2032		420,000		367,108
Boston Properties LP 2.550%, 04/01/2032		520,000		449,523
Brixmor Operating Partnership LP
4.125%, 05/15/2029		500,000		495,678
5.200%, 04/01/2032		290,000		297,529
Crown Castle, Inc. 2.500%, 07/15/2031		645,000		574,218
Digital Realty Trust LP 4.450%, 07/15/2028		210,000		211,582
Equinix, Inc. 2.150%, 07/15/2030		400,000		360,929
Essex Portfolio LP 3.000%, 01/15/2030		215,000		203,683

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Real estate (continued)
Extra Space Storage LP 2.350%, 03/15/2032	$	525,000	$	455,636
GLP Capital LP 5.300%, 01/15/2029		630,000		641,521
Healthpeak OP LLC 3.500%, 07/15/2029		420,000		407,121
Kimco Realty OP LLC 2.250%, 12/01/2031		265,000		233,414
Mid-America Apartments LP 3.950%, 03/15/2029		420,000		416,847
Prologis LP
5.125%, 01/15/2034		290,000		297,836
5.250%, 06/15/2053		250,000		241,706
Public Storage Operating Company 4.375%, 07/01/2030		250,000		251,151
Realty Income Corp. 3.250%, 01/15/2031		200,000		189,320
Regency Centers LP 5.000%, 07/15/2032		320,000		327,370
Simon Property Group LP
3.375%, 06/15/2027		530,000		524,507
5.125%, 10/01/2035		250,000		252,912
Ventas Realty LP 2.500%, 09/01/2031		200,000		178,450
VICI Properties LP
5.125%, 05/15/2032		200,000		201,969
5.625%, 04/01/2035		170,000		174,065
Welltower OP LLC
2.750%, 01/15/2031		325,000		300,466
5.125%, 07/01/2035		250,000		254,620
				10,020,378
Utilities – 2.2%
AEP Transmission Company LLC 3.750%, 12/01/2047		420,000		326,006
Ameren Corp. 3.500%, 01/15/2031		860,000		820,907
American Electric Power Company, Inc. 5.625%, 03/01/2033		170,000		178,703
American Water Capital Corp. 4.300%, 09/01/2045		365,000		316,819
Arizona Public Service Company 3.350%, 05/15/2050		520,000		365,944
Baltimore Gas & Electric Company 4.550%, 06/01/2052		700,000		606,628
Berkshire Hathaway Energy Company
4.500%, 02/01/2045		680,000		602,054
6.125%, 04/01/2036		456,000		496,176
CenterPoint Energy Houston Electric LLC 4.250%, 02/01/2049		375,000		314,304
CenterPoint Energy, Inc. 2.950%, 03/01/2030		385,000		362,997
Consolidated Edison Company of New York, Inc.
3.950%, 04/01/2050		730,000		581,184
5.500%, 03/15/2034		270,000		284,061
Constellation Energy Generation LLC
6.125%, 01/15/2034		185,000		201,321
6.250%, 10/01/2039		160,000		173,804
Dominion Energy South Carolina, Inc. 4.600%, 06/15/2043		395,000		358,412
Dominion Energy, Inc. 3.375%, 04/01/2030		530,000		509,073
DTE Electric Company
3.750%, 08/15/2047		300,000		233,337

 

253

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
DTE Electric Company (continued)
5.200%, 04/01/2033	$	250,000	$	259,637
Duke Energy Carolinas LLC 6.000%, 01/15/2038		300,000		324,563
Duke Energy Corp.
2.450%, 06/01/2030		725,000		667,244
4.800%, 12/15/2045		500,000		445,642
5.000%, 08/15/2052		630,000		567,161
5.750%, 09/15/2033		500,000		531,081
Duke Energy Progress Nc Storm Funding II LLC 4.890%, 01/01/2046		500,000		500,110
Entergy Texas, Inc. 1.750%, 03/15/2031		730,000		637,971
Essential Utilities, Inc. 4.276%, 05/01/2049		415,000		333,669
Eversource Energy 4.250%, 04/01/2029		330,000		329,028
Exelon Corp.
4.950%, 06/15/2035		225,000		222,317
5.100%, 06/15/2045		350,000		326,197
5.125%, 03/15/2031		200,000		206,208
FirstEnergy Corp. 2.650%, 03/01/2030		375,000		347,923
Florida Power & Light Company 5.650%, 02/01/2037		315,000		334,514
Georgia Power Company
4.950%, 05/17/2033		330,000		336,631
5.950%, 02/01/2039		335,000		351,695
Indiana Michigan Power Company
3.850%, 05/15/2028		400,000		397,691
6.050%, 03/15/2037		207,000		224,529
NextEra Energy Capital Holdings, Inc.
2.250%, 06/01/2030		730,000		666,506
5.250%, 02/28/2053		725,000		683,679
5.550%, 03/15/2054		220,000		215,322
NiSource, Inc.
3.950%, 03/30/2048		300,000		238,498
5.400%, 06/30/2033		950,000		984,851
Oncor Electric Delivery Company LLC
4.550%, 09/15/2032		115,000		114,823
7.500%, 09/01/2038		188,000		229,628
Pacific Gas & Electric Company
2.500%, 02/01/2031		400,000		356,361
3.750%, 07/01/2028		30,000		29,463
4.550%, 07/01/2030		257,000		255,215
4.950%, 07/01/2050		757,000		649,723
5.800%, 05/15/2034		355,000		367,838
PacifiCorp 6.000%, 01/15/2039		335,000		350,127
PPL Electric Utilities Corp. 5.000%, 05/15/2033		265,000		272,722
Public Service Company of Colorado 3.600%, 09/15/2042		520,000		409,945
Public Service Electric & Gas Company 3.100%, 03/15/2032		300,000		277,556
San Diego Gas & Electric Company 6.125%, 09/15/2037		202,000		215,684
Sempra 3.400%, 02/01/2028		200,000		196,210
Southern California Edison Company
2.250%, 06/01/2030		755,000		676,902
5.350%, 07/15/2035		130,000		130,221
Southern California Gas Company 6.350%, 11/15/2052		430,000		469,260

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Utilities (continued)
The Connecticut Light & Power Company 4.300%, 04/15/2044	$	255,000	$	221,527
The Southern Company
3.700%, 04/30/2030		310,000		302,159
4.400%, 07/01/2046		420,000		357,966
5.700%, 03/15/2034		300,000		316,846
Virginia Electric & Power Company
4.625%, 05/15/2052		270,000		233,285
8.875%, 11/15/2038		190,000		255,890
Wisconsin Electric Power Company 4.750%, 09/30/2032		220,000		225,464
Xcel Energy, Inc. 4.600%, 06/01/2032		630,000		625,046
				24,404,258
TOTAL CORPORATE BONDS (Cost $275,247,718)			$	267,927,796
MUNICIPAL BONDS – 0.3%
Bay Area Toll Authority (California) 6.907%, 10/01/2050		50,000		57,031
Illinois State Toll Highway Authority 6.184%, 01/01/2034		150,000		160,610
Metropolitan Washington Airports Authority 7.462%, 10/01/2046		40,000		48,234
New Jersey Turnpike Authority 7.102%, 01/01/2041		90,000		104,263
New York City Transitional Finance Authority 5.588%, 05/01/2038		500,000		523,235
New York State Dormitory Authority 5.628%, 03/15/2039		340,000		352,939
New York State Urban Development Corp. 5.770%, 03/15/2039		235,000		243,024
Oklahoma Development Finance Authority 4.380%, 11/01/2045		500,000		476,526
State of California, GO 7.300%, 10/01/2039		400,000		467,970
State of California, GO 7.500%, 04/01/2034		80,000		93,866
State of Illinois, GO 5.100%, 06/01/2033		100,343		102,077
State of Illinois, GO 7.350%, 07/01/2035		200,000		218,051
State of Texas, GO 5.517%, 04/01/2039		260,000		270,169
Texas Transportation Commission State Highway Fund 5.178%, 04/01/2030		310,000		316,350
TOTAL MUNICIPAL BONDS (Cost $3,328,730)			$	3,434,345
COLLATERALIZED MORTGAGE OBLIGATIONS – 1.4%
Commercial and residential – 1.3%
BANK
Series 2017-BNK6, Class A4, 3.254%, 07/15/2060		1,837,519		1,809,140
Series 2022-BNK39, Class A4, 2.928%, 02/15/2055 (D)		2,000,000		1,814,909
BBCMS Mortgage Trust Series 2024-5C29, Class AS 5.627%, 09/15/2057		1,500,000		1,535,587

 

254

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
BMO Mortgage Trust Series 2022-C1, Class A5 3.374%, 02/15/2055 (D)	$	2,000,000	$	1,853,885
CD Mortgage Trust Series 2017-CD3, Class A4 3.631%, 02/10/2050		1,090,000		1,058,074
GS Mortgage Securities Trust
Series 2016-GS4, Class A3, 3.178%, 11/10/2049		1,514,326		1,497,571
Series 2017-GS5, Class A3, 3.409%, 03/10/2050		2,742,204		2,720,174
Morgan Stanley Capital Trust Series 2021-L5, Class A4 2.728%, 05/15/2054		2,000,000		1,811,037
				14,100,377
U.S. Government Agency – 0.1%
Federal Home Loan Mortgage Corp. Series K755, Class A2 5.203%, 02/25/2031		600,000		629,605
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $15,038,916)			$	14,729,982
ASSET-BACKED SECURITIES – 0.4%
Carmax Auto Owner Trust Series 2022-4, Class A4 5.700%, 07/17/2028		1,000,000		1,014,801
Carvana Auto Receivables Trust Series 2024-P2, Class A4 5.210%, 06/10/2030		1,000,000		1,019,425
CNH Equipment Trust Series 2023-B, Class A4 5.460%, 03/17/2031		600,000		616,028
SMB Private Education Loan Trust Series 2021-E, Class A1A 1.680%, 02/15/2051 (C)		682,573		646,089
Toyota Auto Receivables Owner Trust Series 2023-B, Class A4 4.660%, 09/15/2028		1,250,000		1,261,389
TOTAL ASSET-BACKED SECURITIES (Cost $4,590,522)			$	4,557,732
SHORT-TERM INVESTMENTS – 1.3%
Short-term funds – 1.3%
John Hancock Collateral Trust, 4.0668% (E)(F)		1,418,210		14,186,916
TOTAL SHORT-TERM INVESTMENTS (Cost $14,186,889)			$	14,186,916
Total Investments (Total Bond Market Trust) (Cost $1,126,256,639) – 99.9%			$	1,081,441,776
Other assets and liabilities, net – 0.1%				1,004,457
TOTAL NET ASSETS – 100.0%			$	1,082,446,233

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
GO	General Obligation
IBOR	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 9-30-25. The value of securities on loan amounted to $2,460,479.

Total Bond Market Trust (continued)

(C)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 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 9-30-25.
(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 $2,514,830.

Total Stock Market Index Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.3%
Communication services – 9.6%
Diversified telecommunication services – 0.6%
Anterix, Inc. (A)	379	$	8,137
AST SpaceMobile, Inc. (A)	4,383		215,118
AT&T, Inc.	116,356		3,285,893
Bandwidth, Inc., Class A (A)	524		8,735
Cogent Communications Holdings, Inc.	844		32,367
Frontier Communications Parent, Inc. (A)	4,048		151,193
GCI Liberty, Inc. (A)(B)	2,206		0
GCI Liberty, Inc., Class C (A)	375		13,976
Globalstar, Inc. (A)	2,078		75,618
IDT Corp., Class B	391		20,453
Iridium Communications, Inc.	1,759		30,712
Liberty Global, Ltd., Class A (A)	2,070		23,722
Liberty Global, Ltd., Class C (A)	3,439		40,408
Liberty Latin America, Ltd., Class A (A)	686		5,687
Liberty Latin America, Ltd., Class C (A)	2,762		23,311
Lumen Technologies, Inc. (A)	16,774		102,657
Shenandoah Telecommunications Company	1,055		14,158
Uniti Group, Inc. (A)	3,992		24,431
Verizon Communications, Inc.	68,560		3,013,212
			7,089,788
Entertainment – 1.8%
AMC Entertainment Holdings, Inc., Class A (A)	8,640		25,056
Atlanta Braves Holdings, Inc., Series A (A)(C)	186		8,457
Atlanta Braves Holdings, Inc., Series C (A)	943		39,219
Cinemark Holdings, Inc.	1,869		52,369
CuriosityStream, Inc.	1,080		5,724
Electronic Arts, Inc.	4,073		821,524
IMAX Corp. (A)	888		29,082
Liberty Media Corp.-Liberty Formula One, Series A (A)	488		46,467
Liberty Media Corp.-Liberty Formula One, Series C (A)	3,577		373,618
Liberty Media Corp.-Liberty Live, Series A (A)	467		44,038
Liberty Media Corp.-Liberty Live, Series C (A)	1,017		98,618
Lionsgate Studios Corp. (A)	4,968		34,279
Live Nation Entertainment, Inc. (A)	3,769		615,855
Madison Square Garden Entertainment Corp. (A)	686		31,035
Madison Square Garden Sports Corp. (A)	326		74,002
Mega Matrix, Inc. (A)	1,097		1,316
Netflix, Inc. (A)	6,916		8,291,731

 

255

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Entertainment (continued)
Playtika Holding Corp.	6,729	$	26,176
Reservoir Media, Inc. (A)	1,061		8,637
ROBLOX Corp., Class A (A)	10,506		1,455,291
Roku, Inc. (A)	2,118		212,075
Sphere Entertainment Company (A)	484		30,066
Spotify Technology SA (A)	3,350		2,338,300
Starz Entertainment Corp. (A)	388		5,715
Take-Two Interactive Software, Inc. (A)	3,008		777,147
The Marcus Corp.	518		8,034
The Walt Disney Company	29,264		3,350,728
TKO Group Holdings, Inc.	1,338		270,222
Vivid Seats, Inc., Class A (A)	175		2,909
Warner Brothers Discovery, Inc. (A)	40,340		787,840
Warner Music Group Corp., Class A	2,410		82,085
			19,947,615
Interactive media and services – 6.3%
Alphabet, Inc., Class A	94,678		23,016,222
Alphabet, Inc., Class C	88,404		21,530,794
Angi, Inc. (A)	809		13,154
Bumble, Inc., Class A (A)	1,852		11,279
CarGurus, Inc. (A)	1,394		51,899
Cars.com, Inc. (A)	1,088		13,295
EverQuote, Inc., Class A (A)	550		12,579
FuboTV, Inc. (A)	5,673		23,543
Getty Images Holdings, Inc. (A)(C)	7,425		14,702
Grindr, Inc. (A)	3,205		48,139
IAC, Inc. (A)	1,268		43,201
Match Group, Inc. (A)	3,912		138,172
MediaAlpha, Inc., Class A (A)	992		11,289
Meta Platforms, Inc., Class A	35,306		25,928,020
Nextdoor Holdings, Inc. (A)	5,096		10,651
Pinterest, Inc., Class A (A)	9,733		313,111
PSQ Holdings, Inc. (A)	1,224		2,338
QuinStreet, Inc. (A)	1,004		15,532
Reddit, Inc., Class A (A)	2,192		504,138
Rumble, Inc. (A)(C)	3,616		26,180
Shutterstock, Inc.	648		13,511
Snap, Inc., Class A (A)	23,403		180,437
Taboola.com, Ltd. (A)	804		2,742
TripAdvisor, Inc. (A)	1,894		30,796
Trump Media & Technology Group Corp. (A)	4,524		74,284
Vimeo, Inc. (A)	2,740		21,235
Webtoon Entertainment, Inc. (A)(C)	2,186		42,430
Yelp, Inc. (A)	1,016		31,699
Ziff Davis, Inc. (A)	694		26,441
ZipRecruiter, Inc., Class A (A)	1,659		7,001
ZoomInfo Technologies, Inc. (A)	5,201		56,743
			72,215,557
Media – 0.5%
Advantage Solutions, Inc. (A)	5,215		7,979
Altice USA, Inc., Class A (A)	5,166		12,450
AMC Networks, Inc., Class A (A)	667		5,496
Boston Omaha Corp., Class A (A)	834		10,909
Cable One, Inc.	100		17,705
Cardlytics, Inc. (A)	1,202		2,921
Charter Communications, Inc., Class A (A)	2,224		611,834
Clear Channel Outdoor Holdings, Inc. (A)	10,366		16,378
Comcast Corp., Class A	59,850		1,880,487
DoubleVerify Holdings, Inc. (A)	2,761		33,077
EchoStar Corp., Class A (A)	2,553		194,947
Fox Corp., Class A	2,863		180,541
Fox Corp., Class B	4,430		253,795

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Media (continued)
Gambling.com Group, Ltd. (A)	764	$	6,250
Gannett Company, Inc. (A)	2,625		10,841
Gray Media, Inc.	1,604		9,271
Ibotta, Inc., Class A (A)	439		12,226
Integral Ad Science Holding Corp. (A)	2,916		29,656
John Wiley & Sons, Inc., Class A	747		30,231
Liberty Broadband Corp., Series A (A)	443		28,055
Liberty Broadband Corp., Series C (A)	1,905		121,044
Magnite, Inc. (A)	2,330		50,747
MNTN, Inc. (A)(C)	750		13,913
National CineMedia, Inc.	1,936		8,731
News Corp., Class A	5,207		159,907
News Corp., Class B	3,843		132,776
Newsmax, Inc. (A)(C)	1,507		18,687
Nexstar Media Group, Inc.	488		96,497
NIQ Global Intelligence PLC (A)(C)	4,918		77,213
Omnicom Group, Inc.	3,113		253,803
Paramount Skydance Corp., Class B (C)	17,384		328,905
PubMatic, Inc., Class A (A)	800		6,624
Scholastic Corp.	462		12,650
Sinclair, Inc.	889		13,424
Sirius XM Holdings, Inc.	5,484		127,640
Stagwell, Inc. (A)	4,485		25,251
TechTarget, Inc. (A)	727		4,224
TEGNA, Inc.	2,619		53,244
The Interpublic Group of Companies, Inc.	5,866		163,720
The New York Times Company, Class A	2,625		150,675
The Trade Desk, Inc., Class A (A)	7,264		356,009
Thryv Holdings, Inc. (A)	863		10,408
WideOpenWest, Inc. (A)	1,997		10,305
			5,551,446
Wireless telecommunication services – 0.4%
Array Digital Infrastructure, Inc.	901		45,059
Gogo, Inc. (A)	2,255		19,370
Millicom International Cellular SA	2,757		133,825
Spok Holdings, Inc.	437		7,538
Telephone & Data Systems, Inc.	1,767		69,337
T-Mobile US, Inc.	18,327		4,387,117
			4,662,246
			109,466,652
Consumer discretionary – 10.8%
Automobile components – 0.1%
Adient PLC (A)	1,390		33,471
American Axle & Manufacturing Holdings, Inc. (A)	2,102		12,633
Aptiv PLC (A)	3,545		305,650
Autoliv, Inc.	1,255		154,993
BorgWarner, Inc.	3,538		155,530
Cooper-Standard Holdings, Inc. (A)	313		11,559
Dana, Inc.	2,168		43,447
Dorman Products, Inc. (A)	505		78,719
Fox Factory Holding Corp. (A)	737		17,902
Gentex Corp.	3,621		102,474
Gentherm, Inc. (A)	564		19,210
LCI Industries	402		37,446
Lear Corp.	866		87,128
Luminar Technologies, Inc. (A)	1,321		2,523
Mobileye Global, Inc., Class A (A)	50		706
Modine Manufacturing Company (A)	854		121,405
Patrick Industries, Inc.	554		57,300
PHINIA, Inc.	647		37,190
QuantumScape Corp. (A)	8,581		105,718
Solid Power, Inc. (A)	3,137		10,885

 

256

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Automobile components (continued)
Standard Motor Products, Inc.	419	$	17,104
Strattec Security Corp. (A)	79		5,377
The Goodyear Tire & Rubber Company (A)	4,695		35,119
Visteon Corp.	447		53,577
XPEL, Inc. (A)	494		16,337
			1,523,403
Automobiles – 2.3%
Empery Digital, Inc. (A)	821		6,174
Faraday Future Intelligent Electric, Inc. (A)(C)	2,519		3,275
Ford Motor Company	63,468		759,077
General Motors Company	15,489		944,364
Harley-Davidson, Inc.	1,992		55,577
Lucid Group, Inc. (A)(C)	4,985		118,593
Rivian Automotive, Inc., Class A (A)	19,762		290,106
Tesla, Inc. (A)	52,502		23,348,689
Thor Industries, Inc.	874		90,625
Winnebago Industries, Inc.	521		17,422
			25,633,902
Broadline retail – 3.5%
Amazon.com, Inc. (A)	173,612		38,119,987
Coupang, Inc. (A)	27,139		873,876
Dillard's, Inc., Class A	189		116,137
eBay, Inc.	7,445		677,123
Etsy, Inc. (A)	1,616		107,286
Groupon, Inc. (A)	676		15,785
Kohl's Corp. (C)	1,844		28,342
Macy's, Inc.	4,391		78,731
Ollie's Bargain Outlet Holdings, Inc. (A)	1,000		128,400
Savers Value Village, Inc. (A)	2,627		34,808
			40,180,475
Distributors – 0.1%
A-Mark Precious Metals, Inc.	447		11,564
Epsium Enterprise, Ltd.,Class A (A)(C)	230		2,459
Genuine Parts Company	2,261		313,375
LKQ Corp.	4,203		128,360
Pool Corp.	610		189,143
			644,901
Diversified consumer services – 0.1%
ADT, Inc.	12,533		109,162
Adtalem Global Education, Inc. (A)	585		90,353
American Public Education, Inc. (A)	321		12,670
Bright Horizons Family Solutions, Inc. (A)	931		101,079
Carriage Services, Inc.	322		14,342
Chegg, Inc. (A)	2,184		3,298
Coursera, Inc. (A)	2,748		32,179
Duolingo, Inc. (A)	647		208,230
frontdoor, Inc. (A)	1,191		80,142
Graham Holdings Company, Class B	55		64,752
Grand Canyon Education, Inc. (A)	457		100,321
H&R Block, Inc.	2,170		109,737
ITT Educational Services, Inc. (A)(B)	608		0
Laureate Education, Inc. (A)	2,428		76,579
Lincoln Educational Services Corp. (A)	614		14,429
Matthews International Corp., Class A	606		14,714
McGraw Hill, Inc. (A)	3,211		40,298
Mister Car Wash, Inc. (A)	5,759		30,695
OneSpaWorld Holdings, Ltd.	1,736		36,699
Perdoceo Education Corp.	1,069		40,259
Service Corp. International	2,293		190,823
Strategic Education, Inc.	400		34,404
Stride, Inc. (A)	711		105,896

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Diversified consumer services (continued)
Udemy, Inc. (A)	2,630	$	18,436
Universal Technical Institute, Inc. (A)	905		29,458
WW International, Inc. (A)	191		5,226
			1,564,181
Hotels, restaurants and leisure – 2.0%
Accel Entertainment, Inc. (A)	1,815		20,092
Airbnb, Inc., Class A (A)	6,979		847,390
Ambassadors Group, Inc. (A)(B)	714		29
Aramark	4,271		164,006
Biglari Holdings, Inc., Class A (A)	4		6,180
Biglari Holdings, Inc., Class B (A)	39		12,622
BJ's Restaurants, Inc. (A)	371		11,327
Bloomin' Brands, Inc.	1,522		10,913
Booking Holdings, Inc.	527		2,845,415
Boyd Gaming Corp.	1,262		109,100
Brightstar Lottery PLC	3,147		54,286
Brinker International, Inc. (A)	721		91,336
Caesars Entertainment, Inc. (A)	3,403		91,966
Carnival Corp. (A)	18,971		548,452
Cava Group, Inc. (A)	1,882		113,692
Chipotle Mexican Grill, Inc. (A)	21,815		854,930
Choice Hotels International, Inc. (C)	754		80,610
Churchill Downs, Inc.	1,147		111,270
Cracker Barrel Old Country Store, Inc. (C)	369		16,258
Darden Restaurants, Inc.	1,896		360,923
Dave & Buster's Entertainment, Inc. (A)	593		10,769
Denny's Corp. (A)	1,099		5,748
Dine Brands Global, Inc.	285		7,045
Domino's Pizza, Inc.	549		237,009
DoorDash, Inc., Class A (A)	6,550		1,781,535
DraftKings, Inc., Class A (A)	8,075		302,005
Dutch Bros, Inc., Class A (A)	2,067		108,187
El Pollo Loco Holdings, Inc. (A)	712		6,906
Expedia Group, Inc.	1,917		409,759
First Watch Restaurant Group, Inc. (A)	1,051		16,438
Flutter Entertainment PLC (A)	2,865		727,710
Global Business Travel Group I (A)	8,166		65,981
Golden Entertainment, Inc.	529		12,474
Hilton Grand Vacations, Inc. (A)	1,478		61,795
Hilton Worldwide Holdings, Inc.	3,809		988,207
Hyatt Hotels Corp., Class A	675		95,803
Jack in the Box, Inc.	379		7,493
Krispy Kreme, Inc. (C)	3,201		12,388
Kura Sushi USA, Inc., Class A (A)	185		10,991
Las Vegas Sands Corp.	11,180		601,372
Life Time Group Holdings, Inc. (A)	3,589		99,056
Light & Wonder, Inc. (A)	1,369		114,914
Lindblad Expeditions Holdings, Inc. (A)	1,022		13,082
Lucky Strike Entertainment Corp. (C)	1,554		15,913
Marriott International, Inc., Class A	4,411		1,148,801
Marriott Vacations Worldwide Corp.	556		37,007
McDonald's Corp.	11,618		3,530,594
MGM Resorts International (A)	4,407		152,747
Monarch Casino & Resort, Inc.	313		33,128
Nathan's Famous, Inc.	100		11,074
Norwegian Cruise Line Holdings, Ltd. (A)	7,335		180,661
Papa John's International, Inc.	542		26,097
Penn Entertainment, Inc. (A)	2,394		46,108
Planet Fitness, Inc., Class A (A)	1,364		141,583
Portillo's, Inc., Class A (A)	1,306		8,424
Potbelly Corp. (A)	560		9,542
Pursuit Attractions and Hospitality, Inc. (A)	521		18,850

 

257

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
RCI Hospitality Holdings, Inc.	213	$	6,499
Red Rock Resorts, Inc., Class A	973		59,411
Restaurant Brands International LP	82		5,185
Royal Caribbean Cruises, Ltd.	4,421		1,430,547
Rush Street Interactive, Inc. (A)	1,564		32,031
Sabre Corp. (A)	6,997		12,805
Serve Robotics, Inc. (A)(C)	994		11,560
Shake Shack, Inc., Class A (A)	649		60,753
Sharplink Gaming, Inc. (A)	2,880		48,989
Six Flags Entertainment Corp. (A)	1,693		38,465
Soho House & Company, Inc. (A)	1,054		9,328
Starbucks Corp.	18,502		1,565,269
Sweetgreen, Inc., Class A (A)	1,777		14,180
Target Hospitality Corp. (A)	1,822		15,451
Texas Roadhouse, Inc.	1,064		176,784
The Cheesecake Factory, Inc.	786		42,947
The Wendy's Company	3,062		28,048
Travel + Leisure Company	1,021		60,739
United Parks & Resorts, Inc. (A)	887		45,858
Vail Resorts, Inc.	604		90,340
Viking Holdings, Ltd. (A)	5,142		319,627
Wingstop, Inc.	455		114,514
Wyndham Hotels & Resorts, Inc.	1,225		97,878
Wynn Resorts, Ltd.	1,692		217,033
Xponential Fitness, Inc., Class A (A)	656		5,110
Yum! Brands, Inc.	4,511		685,672
			22,603,016
Household durables – 0.4%
Beazer Homes USA, Inc. (A)	556		13,650
Cavco Industries, Inc. (A)	129		74,914
Century Communities, Inc.	512		32,445
Champion Homes, Inc. (A)	928		70,871
Cricut, Inc., Class A	1,127		7,089
D.R. Horton, Inc.	4,850		821,930
Dream Finders Homes, Inc., Class A (A)	628		16,278
Ethan Allen Interiors, Inc.	489		14,406
Garmin, Ltd.	3,147		774,854
GoPro, Inc., Class A (A)	2,526		5,355
Green Brick Partners, Inc. (A)	735		54,287
Hamilton Beach Brands Holding Company, Class B	241		3,463
Helen of Troy, Ltd. (A)	433		10,912
Hovnanian Enterprises, Inc., Class A (A)	88		11,307
Installed Building Products, Inc.	445		109,764
iRobot Corp. (A)	635		2,280
KB Home	1,083		68,922
La-Z-Boy, Inc.	714		24,504
Legacy Housing Corp. (A)	492		13,535
Leggett & Platt, Inc.	2,355		20,912
Lennar Corp., B Shares	656		78,713
Lennar Corp., Class A	3,579		451,097
LGI Homes, Inc. (A)	427		22,080
M/I Homes, Inc. (A)	424		61,243
Meritage Homes Corp.	1,155		83,657
Mohawk Industries, Inc. (A)	1,004		129,436
Newell Brands, Inc.	6,954		36,439
NVR, Inc. (A)	47		377,629
PulteGroup, Inc.	3,181		420,306
SharkNinja, Inc. (A)	2,299		237,142
Somnigroup International, Inc.	3,420		288,409
Sonos, Inc. (A)	2,035		32,153
Taylor Morrison Home Corp. (A)	1,598		105,484
The Lovesac Company (A)	284		4,808
Toll Brothers, Inc.	1,539		212,597
TopBuild Corp. (A)	457		178,623

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Household durables (continued)
Tri Pointe Homes, Inc. (A)	1,482	$	50,344
Whirlpool Corp. (C)	920		72,312
			4,994,150
Leisure products – 0.1%
Acushnet Holdings Corp.	975		76,528
Brunswick Corp.	1,076		68,046
Funko, Inc., Class A (A)	1,245		4,283
Hasbro, Inc.	2,283		173,166
Latham Group, Inc. (A)	2,028		15,433
Malibu Boats, Inc., Class A (A)	403		13,077
MasterCraft Boat Holdings, Inc. (A)	491		10,537
Mattel, Inc. (A)	5,254		88,425
Peloton Interactive, Inc., Class A (A)	6,438		57,942
Polaris, Inc.	940		54,642
Smith & Wesson Brands, Inc.	923		9,073
Sturm Ruger & Company, Inc.	311		13,519
Topgolf Callaway Brands Corp. (A)	3,144		29,868
Tron, Inc. (A)	620		1,197
YETI Holdings, Inc. (A)	1,330		44,129
			659,865
Specialty retail – 1.9%
1-800-Flowers.com, Inc., Class A (A)(C)	1,068		4,913
Abercrombie & Fitch Company, Class A (A)	768		65,702
Academy Sports & Outdoors, Inc.	1,081		54,072
Advance Auto Parts, Inc.	985		60,479
American Eagle Outfitters, Inc.	2,814		48,148
America's Car-Mart, Inc. (A)	179		5,229
Arhaus, Inc. (A)	908		9,652
Arko Corp.	2,230		10,191
Asbury Automotive Group, Inc. (A)	319		77,980
AutoNation, Inc. (A)	602		131,700
AutoZone, Inc. (A)	272		1,166,945
Barnes & Noble Education, Inc. (A)	615		6,119
Bath & Body Works, Inc.	3,358		86,502
Bed Bath & Beyond, Inc. (A)	999		9,780
Best Buy Company, Inc.	3,427		259,150
Boot Barn Holdings, Inc. (A)	497		82,363
Build-A-Bear Workshop, Inc.	221		14,411
Burlington Stores, Inc. (A)	1,023		260,354
Caleres, Inc.	585		7,628
Camping World Holdings, Inc., Class A	1,066		16,832
CarMax, Inc. (A)	2,448		109,842
Carvana Company (A)	2,248		848,036
Chewy, Inc., Class A (A)	3,583		144,932
Citi Trends, Inc. (A)	183		5,678
Designer Brands, Inc., Class A	888		3,144
Dick's Sporting Goods, Inc.	917		203,776
Duluth Holdings, Inc., Class B (A)	1,053		4,117
EVgo, Inc. (A)	2,340		11,068
Five Below, Inc. (A)	900		139,230
Floor & Decor Holdings, Inc., Class A (A)	1,753		129,196
GameStop Corp., Class A (A)	7,293		198,953
Genesco, Inc. (A)	207		6,001
Group 1 Automotive, Inc.	208		91,002
Guess?, Inc.	907		15,156
Haverty Furniture Companies, Inc.	332		7,281
Lands' End, Inc. (A)	589		8,305
Lithia Motors, Inc.	416		131,456
Lowe's Companies, Inc.	9,133		2,295,214
MarineMax, Inc. (A)	423		10,715
Monro, Inc.	574		10,315
Murphy USA, Inc.	314		121,914
National Vision Holdings, Inc. (A)	1,322		38,589

 

258

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Specialty retail (continued)
Newegg Commerce, Inc. (A)	6,320	$	265,124
O'Reilly Automotive, Inc. (A)	13,822		1,490,150
Penske Automotive Group, Inc.	1,095		190,431
Petco Health & Wellness Company, Inc. (A)	4,123		15,956
Revolve Group, Inc. (A)	672		14,314
RH (A)	304		61,761
Ross Stores, Inc.	5,316		810,105
Sally Beauty Holdings, Inc. (A)	1,646		26,797
Shoe Carnival, Inc.	514		10,686
Signet Jewelers, Ltd.	669		64,170
Sleep Number Corp. (A)	448		3,145
Sonic Automotive, Inc., Class A	370		28,153
Stitch Fix, Inc., Class A (A)	2,036		8,857
The Buckle, Inc.	832		48,805
The Children's Place, Inc. (A)	428		2,658
The Gap, Inc.	6,020		128,768
The Home Depot, Inc.	16,214		6,569,751
The ODP Corp. (A)	540		15,039
The RealReal, Inc. (A)	1,902		20,218
The TJX Companies, Inc.	18,118		2,618,776
ThredUp, Inc., Class A (A)	1,718		16,235
Tractor Supply Company	8,645		491,641
Ulta Beauty, Inc. (A)	730		399,128
Upbound Group, Inc.	1,000		23,630
Urban Outfitters, Inc. (A)	1,455		103,931
Valvoline, Inc. (A)	2,076		74,549
Victoria's Secret & Company (A)	1,304		35,391
Warby Parker, Inc., Class A (A)	1,747		48,182
Wayfair, Inc., Class A (A)	1,709		152,665
Williams-Sonoma, Inc.	1,979		386,796
Winmark Corp.	60		29,866
Zumiez, Inc. (A)	371		7,275
			21,075,023
Textiles, apparel and luxury goods – 0.3%
Amer Sports, Inc. (A)	9,039		314,105
Birkenstock Holding PLC (A)	3,007		136,067
Capri Holdings, Ltd. (A)	1,970		39,242
Carter's, Inc.	614		17,327
Columbia Sportswear Company	920		48,116
Crocs, Inc. (A)	890		74,360
Deckers Outdoor Corp. (A)	2,411		244,403
Figs, Inc., Class A (A)	2,634		17,621
G-III Apparel Group, Ltd. (A)	728		19,372
Hanesbrands, Inc. (A)	5,827		38,400
Kontoor Brands, Inc.	908		72,431
Levi Strauss & Company, Class A	1,774		41,334
Lululemon Athletica, Inc. (A)	1,847		328,637
Movado Group, Inc.	357		6,772
NIKE, Inc., Class B	19,352		1,349,415
On Holding AG, Class A (A)	4,709		199,426
Oxford Industries, Inc.	258		10,459
PVH Corp.	777		65,089
Ralph Lauren Corp.	625		195,975
Steven Madden, Ltd.	1,196		40,042
Tapestry, Inc.	3,382		382,910
Under Armour, Inc., Class A (A)	1,703		8,498
Under Armour, Inc., Class C (A)	5,101		24,638
VF Corp.	6,387		92,164
Wolverine World Wide, Inc.	1,341		36,797
			3,803,600
			122,682,516

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer staples – 5.1%
Beverages – 1.0%
Brown-Forman Corp., Class A	3,352	$	90,202
Brown-Forman Corp., Class B	4,458		120,723
Celsius Holdings, Inc. (A)	4,196		241,228
Coca-Cola Consolidated, Inc.	1,250		146,450
Constellation Brands, Inc., Class A	2,866		385,964
Keurig Dr. Pepper, Inc.	22,090		563,516
MGP Ingredients, Inc.	375		9,071
Molson Coors Beverage Company, Class B	2,955		133,714
Monster Beverage Corp. (A)	15,886		1,069,287
National Beverage Corp. (A)	1,607		59,330
PepsiCo, Inc.	22,274		3,128,161
Primo Brands Corp.	2,194		48,487
The Boston Beer Company, Inc., Class A (A)	142		30,022
The Coca-Cola Company	70,083		4,647,905
The Vita Coco Company, Inc. (A)	930		39,497
			10,713,557
Consumer staples distribution and retail – 2.2%
Albertsons Companies, Inc., Class A	9,044		158,360
BJ's Wholesale Club Holdings, Inc. (A)	2,141		199,648
Casey's General Stores, Inc.	605		342,019
Costco Wholesale Corp.	7,218		6,681,197
Dollar General Corp.	3,580		369,993
Dollar Tree, Inc. (A)	3,324		313,686
Grocery Outlet Holding Corp. (A)	1,624		26,065
Guardian Pharmacy Services, Inc., Class A (A)	418		10,964
Ingles Markets, Inc., Class A	250		17,390
Maplebear, Inc. (A)	4,292		157,774
Natural Grocers by Vitamin Cottage, Inc.	415		16,600
Performance Food Group Company (A)	2,535		263,741
PriceSmart, Inc.	506		61,322
Sprouts Farmers Market, Inc. (A)	1,585		172,448
Sysco Corp.	7,760		638,958
Target Corp.	7,374		661,448
The Andersons, Inc.	584		23,249
The Chefs' Warehouse, Inc. (A)	664		38,731
The Kroger Company	10,750		724,658
U.S. Foods Holding Corp. (A)	3,623		277,594
United Natural Foods, Inc. (A)	1,004		37,770
Village Super Market, Inc., Class A	163		6,090
Walmart, Inc.	129,842		13,381,517
Weis Markets, Inc.	439		31,551
			24,612,773
Food products – 0.6%
Adecoagro SA	1,876		14,708
Archer-Daniels-Midland Company	7,826		467,525
B&G Foods, Inc. (C)	1,618		7,168
Beyond Meat, Inc. (A)(C)	1,746		3,300
Bunge Global SA	3,251		264,144
Calavo Growers, Inc.	359		9,241
Cal-Maine Foods, Inc.	781		73,492
Conagra Brands, Inc.	7,649		140,053
Darling Ingredients, Inc. (A)	2,589		79,922
Dole PLC	1,804		24,246
Flowers Foods, Inc.	3,467		45,244
Fresh Del Monte Produce, Inc.	818		28,401
Freshpet, Inc. (A)	805		44,364
General Mills, Inc.	8,649		436,083
Hormel Foods Corp.	9,060		224,144
Ingredion, Inc.	1,031		125,895
J&J Snack Foods Corp.	333		31,998

 

259

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Food products (continued)
JBS NV, Class A (A)	18,169	$	271,263
John B Sanfilippo & Son, Inc.	179		11,506
Kellanova	5,617		460,706
Lamb Weston Holdings, Inc.	2,272		131,958
Lifeway Foods, Inc. (A)	238		6,607
McCormick & Company, Inc.	4,129		276,271
Mission Produce, Inc. (A)	1,395		16,768
Mondelez International, Inc., Class A	21,081		1,316,930
Pilgrim's Pride Corp.	3,891		158,442
Post Holdings, Inc. (A)	868		93,293
Seaboard Corp.	16		58,352
Seneca Foods Corp., Class A (A)	107		11,550
SunOpta, Inc. (A)	2,124		12,447
The Campbell's Company (C)	4,826		152,405
The Hershey Company	2,412		451,165
The J.M. Smucker Company	1,745		189,507
The Kraft Heinz Company	19,198		499,916
The Marzetti Company	454		78,447
The Simply Good Foods Company (A)	1,667		41,375
Tootsie Roll Industries, Inc.	777		32,572
TreeHouse Foods, Inc. (A)	911		18,411
Tyson Foods, Inc., Class A	4,631		251,463
Utz Brands, Inc.	1,554		18,881
Vital Farms, Inc. (A)	730		30,040
Westrock Coffee Company (A)(C)	1,497		7,275
			6,617,478
Household products – 0.7%
Central Garden & Pet Company (A)	158		5,159
Central Garden & Pet Company, Class A (A)	893		26,370
Church & Dwight Company, Inc.	3,966		347,541
Colgate-Palmolive Company	13,138		1,050,252
Energizer Holdings, Inc.	1,125		28,001
Kimberly-Clark Corp.	5,392		670,441
Oil-Dri Corp. of America	192		11,720
Reynolds Consumer Products, Inc.	3,550		86,869
Spectrum Brands Holdings, Inc.	401		21,065
The Clorox Company	1,976		243,641
The Procter & Gamble Company	38,155		5,862,516
WD-40 Company	222		43,867
			8,397,442
Personal care products – 0.1%
BellRing Brands, Inc. (A)	2,076		75,463
Coty, Inc., Class A (A)	14,638		59,138
e.l.f. Beauty, Inc. (A)	922		122,147
Edgewell Personal Care Company	817		16,634
Herbalife, Ltd. (A)	1,732		14,618
Interparfums, Inc.	533		52,437
Kenvue, Inc.	31,213		506,587
Nu Skin Enterprises, Inc., Class A	859		10,471
Olaplex Holdings, Inc. (A)	10,797		14,144
Shineco, Inc. (A)(C)	777		4,398
The Estee Lauder Companies, Inc., Class A	3,816		336,266
The Honest Company, Inc. (A)	1,910		7,029
Upexi, Inc. (A)(C)	996		5,747
USANA Health Sciences, Inc. (A)	387		10,662
			1,235,741
Tobacco – 0.5%
Altria Group, Inc.	27,329		1,805,354
Philip Morris International, Inc.	25,352		4,112,094
Turning Point Brands, Inc.	299		29,559

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Tobacco (continued)
Universal Corp.	413	$	23,074
			5,970,081
			57,547,072
Energy – 2.9%
Energy equipment and services – 0.3%
Archrock, Inc.	2,878		75,720
Aris Water Solutions, Inc., Class A	551		13,588
Atlas Energy Solutions, Inc. (C)	2,191		24,912
Baker Hughes Company	16,039		781,420
Borr Drilling, Ltd. (A)	4,471		12,027
Bristow Group, Inc. (A)	541		19,519
Cactus, Inc., Class A	1,150		45,391
Core Laboratories, Inc.	1,034		12,780
Expro Group Holdings NV (A)	2,003		23,796
Flowco Holdings, Inc., Class A	563		8,361
Geospace Technologies Corp. (A)	255		4,835
Halliburton Company	13,780		338,988
Helix Energy Solutions Group, Inc. (A)	2,733		17,928
Helmerich & Payne, Inc.	1,643		36,294
Innovex International, Inc. (A)	1,275		23,639
Kodiak Gas Services, Inc.	1,443		53,348
Liberty Energy, Inc.	2,707		33,404
Nabors Industries, Ltd. (A)	294		12,016
National Energy Services Reunited Corp. (A)	1,682		17,257
Noble Corp. PLC	2,539		71,803
NOV, Inc.	6,057		80,255
Oceaneering International, Inc. (A)	1,690		41,878
Oil States International, Inc. (A)	1,351		8,187
Patterson-UTI Energy, Inc.	6,437		33,344
ProFrac Holding Corp., Class A (A)(C)	2,955		10,934
ProPetro Holding Corp. (A)	2,187		11,460
RPC, Inc.	4,184		19,916
Schlumberger, Ltd.	24,339		836,531
Seadrill, Ltd. (A)	1,034		31,237
Select Water Solutions, Inc.	1,895		20,258
Solaris Energy Infrastructure, Inc.	743		29,698
TechnipFMC PLC	6,694		264,078
TETRA Technologies, Inc. (A)	2,384		13,708
Tidewater, Inc. (A)	809		43,144
Transocean, Ltd. (A)	15,605		48,688
Valaris, Ltd. (A)	1,130		55,110
Weatherford International PLC	1,155		79,037
			3,254,489
Oil, gas and consumable fuels – 2.6%
American Resources Corp. (A)	1,543		4,166
Antero Midstream Corp.	7,786		151,360
Antero Resources Corp. (A)	5,023		168,572
APA Corp.	5,787		140,508
Ardmore Shipping Corp.	686		8,143
Berry Corp.	1,717		6,490
BKV Corp. (A)	1,512		34,973
California Resources Corp.	1,374		73,069
Centrus Energy Corp., Class A (A)	285		88,370
Cheniere Energy, Inc.	3,574		839,819
Chevron Corp.	33,806		5,249,734
Chord Energy Corp.	917		91,122
Civitas Resources, Inc.	1,490		48,425
Clean Energy Fuels Corp. (A)	4,082		10,532
CNX Resources Corp. (A)	2,307		74,101
Comstock Resources, Inc. (A)	4,826		95,700
ConocoPhillips	20,339		1,923,866
Core Natural Resources, Inc.	836		69,789
Coterra Energy, Inc.	12,408		293,449

 

260

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Crescent Energy Company, Class A	4,239	$	37,812
CVR Energy, Inc. (A)	1,668		60,849
Delek US Holdings, Inc.	1,010		32,593
Devon Energy Corp.	10,224		358,453
DHT Holdings, Inc.	2,637		31,512
Diamondback Energy, Inc.	4,711		674,144
Diversified Energy Company PLC	1,448		20,286
Dorian LPG, Ltd.	696		20,741
DT Midstream, Inc.	1,642		185,645
Encore Energy Corp. (A)	3,548		11,389
Energy Fuels, Inc. (A)	3,784		58,084
EOG Resources, Inc.	8,882		995,850
EQT Corp.	10,157		552,846
Excelerate Energy, Inc., Class A	576		14,509
Expand Energy Corp.	3,875		411,680
Exxon Mobil Corp.	69,409		7,825,865
FLEX LNG, Ltd. (New York Stock Exchange) (A)(C)	905		22,806
Gevo, Inc. (A)	4,177		8,187
Golar LNG, Ltd.	1,706		68,939
Granite Ridge Resources, Inc.	2,990		16,176
Green Plains, Inc. (A)	1,158		10,179
Gulfport Energy Corp. (A)	287		51,941
Harvest Natural Resources, Inc. (A)(B)	270		0
HF Sinclair Corp.	3,025		158,329
HighPeak Energy, Inc. (C)	2,308		16,318
Infinity Natural Resources, Inc., Class A (A)	333		4,366
International Seaways, Inc.	805		37,094
Kinder Morgan, Inc.	36,132		1,022,897
Kinetik Holdings, Inc.	987		42,184
Kosmos Energy, Ltd. (A)	8,691		14,427
Lightbridge Corp. (A)	441		9,354
Magnolia Oil & Gas Corp., Class A	2,983		71,204
Marathon Petroleum Corp.	4,940		952,136
Matador Resources Company	2,013		90,444
Murphy Oil Corp.	2,332		66,252
New Fortress Energy, Inc. (A)(C)	4,680		10,343
Next Bridge Hydrocarbons, Inc. (A)(B)	2,456		0
NextDecade Corp. (A)	4,424		30,039
Nordic American Tankers, Ltd.	4,148		13,025
Northern Oil and Gas, Inc.	1,561		38,713
Occidental Petroleum Corp.	15,985		755,291
ONEOK, Inc.	10,230		746,483
Ovintiv, Inc.	4,123		166,487
Par Pacific Holdings, Inc. (A)	844		29,894
PBF Energy, Inc., Class A	1,907		57,534
Peabody Energy Corp.	1,979		52,483
Permian Resources Corp.	11,268		144,230
Phillips 66	6,569		893,515
Prairie Operating Company (A)	1,162		2,307
PrimeEnergy Resources Corp. (A)	31		5,178
Range Resources Corp.	3,881		146,081
REX American Resources Corp. (A)	618		18,923
Riley Exploration Permian, Inc.	420		11,386
Sable Offshore Corp. (A)	1,646		28,739
SandRidge Energy, Inc.	766		8,640
Scorpio Tankers, Inc.	827		46,353
SFL Corp., Ltd.	2,371		17,854
SM Energy Company	1,820		45,445
Talos Energy, Inc. (A)	3,093		29,662
Targa Resources Corp.	3,493		585,217
Teekay Corp., Ltd.	1,468		12,008
Teekay Tankers, Ltd., Class A	491		24,820
Texas Pacific Land Corp.	375		350,115

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Oil, gas and consumable fuels (continued)
The Williams Companies, Inc.	19,866	$	1,258,511
Uranium Energy Corp. (A)	7,271		96,995
VAALCO Energy, Inc.	2,098		8,434
Valero Energy Corp.	5,048		859,472
Venture Global, Inc. (C)	7,534		106,907
Viper Energy, Inc., Class A	2,770		105,869
Vital Energy, Inc. (A)	694		11,722
Vitesse Energy, Inc.	767		17,817
World Kinect Corp.	928		24,082
			30,088,253
			33,342,742
Financials – 13.8%
Banks – 3.7%
1st Source Corp.	447		27,517
ACNB Corp.	272		11,979
Amalgamated Financial Corp.	546		14,824
Amerant Bancorp, Inc.	872		16,803
Ameris Bancorp	1,080		79,175
Arrow Financial Corp.	530		14,999
Associated Banc-Corp.	2,447		62,912
Atlantic Union Bankshares Corp.	2,209		77,956
Axos Financial, Inc. (A)	900		76,185
Banc of California, Inc.	2,256		37,337
BancFirst Corp.	575		72,709
Bank First Corp.	197		23,898
Bank of America Corp.	120,488		6,215,976
Bank of Hawaii Corp.	610		40,040
Bank of Marin Bancorp	509		12,359
Bank OZK	1,741		88,756
Bank7 Corp.	215		9,948
BankFinancial Corp.	567		6,821
BankUnited, Inc.	1,107		42,243
Bankwell Financial Group, Inc.	196		8,673
Banner Corp.	555		36,353
Bar Harbor Bankshares	529		16,113
Beacon Financial Corp.	543		12,875
Blue Ridge Bankshares, Inc. (A)	1,966		8,316
BOK Financial Corp.	1,062		118,349
Bridgewater Bancshares, Inc. (A)	722		12,707
Burke & Herbert Financial Services Corp.	287		17,705
Business First Bancshares, Inc.	734		17,330
Byline Bancorp, Inc.	973		26,981
Cadence Bank	2,831		106,276
California BanCorp (A)	709		11,826
Camden National Corp.	425		16,401
Capital Bancorp, Inc.	428		13,653
Capital City Bank Group, Inc.	474		19,808
Capitol Federal Financial, Inc.	2,704		17,170
Carter Bankshares, Inc. (A)	609		11,821
Cathay General Bancorp	1,089		52,283
Central Pacific Financial Corp.	535		16,232
ChoiceOne Financial Services, Inc.	293		8,485
Citigroup, Inc.	29,920		3,036,880
Citizens Financial Group, Inc.	6,737		358,139
City Holding Company	243		30,100
Civista Bancshares, Inc.	533		10,825
CNB Financial Corp.	777		18,803
Coastal Financial Corp. (A)	250		27,043
Colony Bankcorp, Inc.	648		11,022
Columbia Banking System, Inc.	3,277		84,350
Columbia Financial, Inc. (A)	2,150		32,272
Comerica, Inc.	2,036		139,507
Commerce Bancshares, Inc.	2,158		128,962
Community Financial System, Inc.	904		53,011

 

261

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Community Trust Bancorp, Inc.	452	$	25,289
Community West Bancshares	552		11,504
ConnectOne Bancorp, Inc.	909		22,552
Cullen/Frost Bankers, Inc.	1,022		129,559
Customers Bancorp, Inc. (A)	501		32,750
CVB Financial Corp.	2,309		43,663
Dime Community Bancshares, Inc.	781		23,297
Eagle Bancorp, Inc.	619		12,516
East West Bancorp, Inc.	2,202		234,403
Eastern Bankshares, Inc.	3,423		62,127
Enterprise Financial Services Corp.	631		36,585
Equity Bancshares, Inc., Class A	430		17,501
Esquire Financial Holdings, Inc.	153		15,614
Farmers & Merchants Bancorp, Inc.	229		5,727
Farmers National Banc Corp.	1,223		17,623
FB Bancorp, Inc. (A)	533		6,407
FB Financial Corp.	942		52,507
Fifth Third Bancorp	10,517		468,532
Financial Institutions, Inc.	518		14,090
First Bancorp (North Carolina)	705		37,287
First Bancorp (Puerto Rico)	2,459		54,221
First Bank	397		6,467
First Busey Corp.	1,481		34,285
First Business Financial Services, Inc.	211		10,816
First Citizens BancShares, Inc., Class A	192		343,519
First Commonwealth Financial Corp.	1,752		29,872
First Community Bankshares, Inc.	544		18,931
First Financial Bancorp	1,626		41,057
First Financial Bankshares, Inc.	2,432		81,837
First Financial Corp.	261		14,731
First Financial Northwest, Inc. (A)(B)	220		123
First Foundation, Inc. (A)	1,656		9,224
First Hawaiian, Inc.	1,889		46,904
First Horizon Corp.	7,950		179,750
First Internet Bancorp	224		5,024
First Interstate BancSystem, Inc., Class A	1,661		52,936
First Merchants Corp.	999		37,662
First Mid Bancshares, Inc.	611		23,145
Firstsun Capital Bancorp (A)	497		19,279
Five Star Bancorp	575		18,515
Flagstar Financial, Inc.	6,790		78,425
Flushing Financial Corp.	871		12,029
FNB Corp.	5,066		81,613
Franklin Financial Services Corp.	111		5,106
Fulton Financial Corp.	2,719		50,655
German American Bancorp, Inc.	772		30,316
Glacier Bancorp, Inc.	1,932		94,030
Great Southern Bancorp, Inc.	323		19,784
Greene County Bancorp, Inc.	368		8,317
Guaranty Bancshares, Inc.	270		13,163
Hancock Whitney Corp.	1,228		76,885
Hanmi Financial Corp.	641		15,826
HarborOne Bancorp, Inc.	1,194		16,238
HBT Financial, Inc.	507		12,776
Heritage Commerce Corp.	1,298		12,889
Heritage Financial Corp.	713		17,247
Hilltop Holdings, Inc.	1,108		37,029
Home Bancorp, Inc.	194		10,539
Home BancShares, Inc.	3,084		87,277
HomeTrust Bancshares, Inc.	441		18,055
Hope Bancorp, Inc.	2,285		24,609
Horizon Bancorp, Inc.	1,274		20,397
Huntington Bancshares, Inc.	22,851		394,637
Independent Bank Corp. (Massachusetts)	780		53,953

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Independent Bank Corp. (Michigan)	551	$	17,067
International Bancshares Corp.	1,035		71,156
JPMorgan Chase & Co.	44,763		14,119,593
Kearny Financial Corp.	1,825		11,990
KeyCorp	17,113		319,842
Lakeland Financial Corp.	438		28,120
Live Oak Bancshares, Inc.	780		27,472
M&T Bank Corp.	2,496		493,260
Mechanics Bancorp, Class A (A)	390		5,191
Mercantile Bank Corp.	392		17,640
Meridian Corp.	275		4,342
Metrocity Bankshares, Inc.	823		22,789
Metropolitan Bank Holding Corp.	179		13,393
Mid Penn Bancorp, Inc.	479		13,719
Midland States Bancorp, Inc.	617		10,575
MidWestOne Financial Group, Inc.	627		17,738
MVB Financial Corp.	432		10,826
National Bank Holdings Corp., Class A	656		25,348
NB Bancorp, Inc.	789		13,926
NBT Bancorp, Inc.	910		38,002
Nicolet Bankshares, Inc.	260		34,970
Northeast Bank	137		13,722
Northeast Community Bancorp, Inc.	317		6,521
Northfield Bancorp, Inc.	1,132		13,358
Northpointe Bancshares, Inc.	780		13,322
Northrim BanCorp, Inc.	448		9,704
Northwest Bancshares, Inc.	2,330		28,869
NU Holdings, Ltd., Class A (A)	61,295		981,333
OceanFirst Financial Corp.	1,090		19,151
OFG Bancorp	710		30,878
Old National Bancorp	6,113		134,180
Old Second Bancorp, Inc.	1,028		17,769
Orange County Bancorp, Inc.	322		8,118
Origin Bancorp, Inc.	630		21,748
Orrstown Financial Services, Inc.	357		12,131
Park National Corp.	281		45,671
Pathward Financial, Inc.	348		25,755
Peapack-Gladstone Financial Corp.	412		11,371
Peoples Bancorp, Inc.	690		20,693
Peoples Financial Services Corp.	269		13,076
Pinnacle Financial Partners, Inc.	1,241		116,393
Popular, Inc.	1,051		133,488
Preferred Bank	202		18,259
Prosperity Bancshares, Inc.	1,450		96,208
Provident Financial Services, Inc.	2,261		43,592
QCR Holdings, Inc.	286		21,633
RBB Bancorp	556		10,431
Red River Bancshares, Inc.	110		7,130
Regions Financial Corp.	14,037		370,156
Renasant Corp.	1,503		55,446
Republic Bancorp, Inc., Class A	362		26,155
S&T Bancorp, Inc.	691		25,975
Seacoast Banking Corp. of Florida	1,442		43,880
ServisFirst Bancshares, Inc.	917		73,846
Shore Bancshares, Inc.	1,027		16,853
Sierra Bancorp	422		12,200
Simmons First National Corp., Class A	2,329		44,647
SmartFinancial, Inc.	465		16,614
South Plains Financial, Inc.	409		15,808
Southern Missouri Bancorp, Inc.	296		15,558
Southside Bancshares, Inc.	740		20,905
SouthState Bank Corp.	1,573		155,523
Stellar Bancorp, Inc.	914		27,731
Sterling Bancorp, Inc. (A)(B)	861		0
Stock Yards Bancorp, Inc.	529		37,025

 

262

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Banks (continued)
Synovus Financial Corp.	2,168	$	106,405
Texas Capital Bancshares, Inc. (A)	712		60,185
TFS Financial Corp.	5,017		66,099
The Bancorp, Inc. (A)	744		55,718
The Bank of NT Butterfield & Son, Ltd.	681		29,229
The Hingham Institution for Savings	39		10,287
The PNC Financial Services Group, Inc.	6,369		1,279,723
Third Coast Bancshares, Inc. (A)	288		10,935
Tompkins Financial Corp.	329		21,783
Towne Bank	1,407		48,640
TriCo Bancshares	688		30,554
Triumph Financial, Inc. (A)	411		20,566
Truist Financial Corp.	20,821		951,936
Trustmark Corp.	1,004		39,758
U.S. Bancorp	25,169		1,216,418
UMB Financial Corp.	1,192		141,073
United Bankshares, Inc.	2,259		84,057
United Community Banks, Inc.	2,003		62,794
Unity Bancorp, Inc.	237		11,582
Univest Financial Corp.	713		21,404
Valley National Bancorp	8,704		92,262
Veritex Holdings, Inc.	885		29,674
Virginia National Bankshares Corp.	168		6,520
WaFd, Inc.	1,324		40,104
Washington Trust Bancorp, Inc.	431		12,456
Webster Financial Corp.	2,605		154,841
Wells Fargo & Company	52,112		4,368,028
WesBanco, Inc.	1,541		49,204
West BanCorp, Inc.	283		5,751
Westamerica BanCorp	441		22,046
Western Alliance Bancorp	1,759		152,540
Western New England Bancorp, Inc.	648		7,782
Wintrust Financial Corp.	1,054		139,592
WSFS Financial Corp.	925		49,885
Zions Bancorp NA	2,287		129,398
			42,581,348
Capital markets – 3.4%
Acadian Asset Management, Inc.	618		29,763
Affiliated Managers Group, Inc.	453		108,009
AlTi Global, Inc. (A)	1,545		5,500
Ameriprise Financial, Inc.	1,530		751,613
Ares Management Corp., Class A	3,511		561,374
Artisan Partners Asset Management, Inc., Class A	1,122		48,695
B. Riley Financial, Inc. (A)(C)	542		3,238
Bakkt Holdings, Inc. (A)(C)	263		8,850
BGC Group, Inc., Class A	5,926		56,060
BlackRock, Inc.	2,520		2,937,992
Blue Owl Capital, Inc.	10,528		178,239
Cboe Global Markets, Inc.	1,704		417,906
CGrowth Capital, Inc. (A)	657		1
CME Group, Inc.	5,868		1,585,475
Cohen & Steers, Inc.	870		57,081
Coinbase Global, Inc., Class A (A)	3,502		1,181,890
Diamond Hill Investment Group, Inc.	54		7,561
DigitalBridge Group, Inc.	2,991		34,995
Dominari Holdings, Inc.	329		2,333
Donnelley Financial Solutions, Inc. (A)	453		23,298
Ellington Credit Company	855		4,660
Evercore, Inc., Class A	618		208,464
FactSet Research Systems, Inc.	614		175,905
Federated Hermes, Inc.	1,213		62,991
Fidus Investment Corp.	107		2,168
Forge Global Holdings, Inc. (A)	285		4,817
Franklin Resources, Inc.	8,403		194,361

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Capital markets (continued)
Freedom Holding Corp. (A)(C)	1,009	$	173,679
GCM Grosvenor, Inc., Class A	1,145		13,820
Hamilton Lane, Inc., Class A	704		94,892
Houlihan Lokey, Inc.	876		179,860
Interactive Brokers Group, Inc., Class A	7,235		497,840
Intercontinental Exchange, Inc.	9,314		1,569,223
Invesco, Ltd.	7,176		164,617
Jefferies Financial Group, Inc.	3,347		218,961
KKR & Company, Inc.	14,519		1,886,744
Lazard, Inc.	1,523		80,384
LPL Financial Holdings, Inc.	1,299		432,164
MarketAxess Holdings, Inc.	610		106,293
Moelis & Company, Class A	1,189		84,799
Moody's Corp.	2,920		1,391,322
Morgan Stanley	25,981		4,129,940
Morningstar, Inc.	687		159,391
MSCI, Inc.	1,257		713,234
Nasdaq, Inc.	9,323		824,619
Northern Trust Corp.	3,099		417,125
Nuveen Churchill Direct Lending Corp.	165		2,277
Open Lending Corp. (A)	2,641		5,573
Oppenheimer Holdings, Inc., Class A	199		14,708
P10, Inc., Class A	1,393		15,156
P10, Inc., Class B	665		7,235
Patria Investments, Ltd., Class A	1,225		17,885
Perella Weinberg Partners	1,025		21,853
Piper Sandler Companies	285		98,892
PJT Partners, Inc., Class A	387		68,782
Raymond James Financial, Inc.	3,231		557,671
Robinhood Markets, Inc., Class A (A)	12,595		1,803,352
S&P Global, Inc.	4,971		2,419,435
SEI Investments Company	1,975		167,579
State Street Corp.	4,590		532,486
StepStone Group, Inc., Class A	1,312		85,687
Stifel Financial Corp.	1,635		185,523
StoneX Group, Inc. (A)	813		82,048
Strive, Inc. (A)(C)	280		700
SuRo Capital Corp.	219		1,971
T. Rowe Price Group, Inc.	3,540		363,346
The Bank of New York Mellon Corp.	11,458		1,248,464
The Blackstone Group, Inc.	11,997		2,049,687
The Carlyle Group, Inc.	5,887		369,115
The Charles Schwab Corp.	29,552		2,821,329
The Goldman Sachs Group, Inc.	4,919		3,917,246
TPG, Inc.	2,273		130,584
Tradeweb Markets, Inc., Class A	1,900		210,862
Value Line, Inc.	155		6,057
Victory Capital Holdings, Inc., Class A	1,096		70,977
Virtu Financial, Inc., Class A	1,398		49,629
Virtus Investment Partners, Inc.	113		21,473
Webull Corp. (A)(C)	6,561		97,037
WisdomTree, Inc.	2,348		32,637
			39,269,402
Consumer finance – 0.7%
Ally Financial, Inc.	4,947		193,922
American Express Company	11,325		3,761,712
Atlanticus Holdings Corp. (A)	267		15,641
Bread Financial Holdings, Inc.	744		41,493
Capital One Financial Corp.	10,400		2,210,832
Credit Acceptance Corp. (A)	184		85,915
Dave, Inc. (A)	197		39,272
Defi Development Corp. (A)(C)	356		5,450
Encore Capital Group, Inc. (A)	423		17,656
Enova International, Inc. (A)	398		45,806
EZCORP, Inc., Class A (A)	937		17,840

 

263

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer finance (continued)
FirstCash Holdings, Inc.	729	$	115,488
Green Dot Corp., Class A (A)	974		13,081
Jefferson Capital, Inc.	1,204		20,781
Katapult Holdings, Inc. (A)	110		1,316
LendingClub Corp. (A)	1,891		28,724
LendingTree, Inc. (A)	227		14,694
Navient Corp.	1,776		23,354
Nelnet, Inc., Class A	439		55,042
NerdWallet, Inc., Class A (A)	826		8,888
OneMain Holdings, Inc.	1,884		106,371
Oportun Financial Corp. (A)	842		5,195
OppFi, Inc.	491		5,563
PRA Group, Inc. (A)	702		10,839
PROG Holdings, Inc.	644		20,840
Regional Management Corp.	225		8,766
SLM Corp.	3,358		92,949
SoFi Technologies, Inc. (A)	19,480		514,662
Synchrony Financial	5,989		425,518
Upstart Holdings, Inc. (A)(C)	1,567		79,604
World Acceptance Corp. (A)	102		17,252
			8,004,466
Financial services – 3.9%
Acacia Research Corp. (A)	2,646		8,600
Affirm Holdings, Inc. (A)	4,640		339,091
Alerus Financial Corp.	622		13,771
Apollo Global Management, Inc.	9,312		1,241,010
AvidXchange Holdings, Inc. (A)	3,529		35,114
Berkshire Hathaway, Inc., Class A (A)	9		6,787,800
Berkshire Hathaway, Inc., Class B (A)	21,843		10,981,350
Better Home & Finance Holding Company (A)	196		11,003
Block, Inc. (A)	8,944		646,383
Burford Capital, Ltd.	3,657		43,738
Cannae Holdings, Inc.	1,129		20,672
Cantaloupe, Inc. (A)	1,310		13,847
Cass Information Systems, Inc.	352		13,844
Chime Financial, Inc., Class A (A)	5,584		112,629
Compass Diversified Holdings	1,867		12,360
Corebridge Financial, Inc.	8,775		281,239
Corpay, Inc. (A)	1,145		329,829
Enact Holdings, Inc.	2,518		96,540
Equitable Holdings, Inc.	4,826		245,064
Essent Group, Ltd.	1,576		100,171
Euronet Worldwide, Inc. (A)	657		57,691
Federal Agricultural Mortgage Corp., Class C	155		26,037
Fidelity National Information Services, Inc.	8,509		561,083
Finance of America Companies, Inc. (A)	209		4,688
Fiserv, Inc. (A)	8,849		1,140,902
Flywire Corp. (A)	2,013		27,256
Global Payments, Inc.	3,926		326,172
Guild Holdings Company, Class A	452		9,013
HA Sustainable Infrastructure Capital, Inc.	2,020		62,014
International Money Express, Inc. (A)	596		8,326
Jack Henry & Associates, Inc.	1,175		174,993
Jackson Financial, Inc., Class A	1,122		113,580
LoanDepot, Inc., Class A (A)	1,983		6,088
Marqeta, Inc., Class A (A)	7,030		37,118
Mastercard, Inc., Class A	14,608		8,309,176
Merchants Bancorp	821		26,108
MGIC Investment Corp.	3,670		104,118
Mr. Cooper Group, Inc.	1,044		220,065
NCR Atleos Corp. (A)	1,219		47,919

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Financial services (continued)
NewtekOne, Inc.	584	$	6,687
NMI Holdings, Inc. (A)	1,251		47,963
Onity Group, Inc. (A)	179		7,153
Paymentus Holdings, Inc., Class A (A)	753		23,042
Payoneer Global, Inc. (A)	6,034		36,506
PayPal Holdings, Inc. (A)	15,538		1,041,978
Paysafe, Ltd. (A)	1,073		13,863
Paysign, Inc. (A)	1,066		6,705
PennyMac Financial Services, Inc.	849		105,174
Priority Technology Holdings, Inc. (A)	1,420		9,755
Radian Group, Inc.	2,137		77,402
Remitly Global, Inc. (A)	3,374		54,996
Repay Holdings Corp. (A)	1,626		8,504
Rocket Companies, Inc., Class A (C)	4,198		81,357
Sezzle, Inc. (A)	555		44,139
Shift4 Payments, Inc., Class A (A)	1,092		84,521
StoneCo, Ltd., Class A (A)	4,203		79,479
Sui Group Holdings, Ltd. (A)	1,456		5,620
The Western Union Company	5,028		40,174
Toast, Inc., Class A (A)	8,297		302,923
TrustCo Bank Corp. NY	444		16,117
UWM Holdings Corp.	3,632		22,119
Velocity Financial, Inc. (A)	779		14,131
Visa, Inc., Class A	27,654		9,440,523
Voya Financial, Inc.	1,549		115,865
Walker & Dunlop, Inc.	570		47,663
WEX, Inc. (A)	554		87,272
XBP Global Holdings, Inc. (A)	2,389		1,928
			44,419,961
Insurance – 2.0%
Abacus Global Management, Inc. (A)	1,785		10,228
Aflac, Inc.	8,745		976,817
Ambac Financial Group, Inc. (A)	892		7,439
American Coastal Insurance Corp.	927		10,559
American Financial Group, Inc.	1,346		196,139
American Integrity Insurance Group, Inc. (A)	478		10,664
American International Group, Inc.	8,940		702,148
AMERISAFE, Inc.	394		17,273
Aon PLC, Class A	3,507		1,250,526
Arch Capital Group, Ltd.	6,048		548,735
Arthur J. Gallagher & Company	4,173		1,292,545
Aspen Insurance Holdings, Ltd., Class A (A)	1,568		57,561
Assurant, Inc.	805		174,363
Assured Guaranty, Ltd.	769		65,096
Ategrity Specialty Holdings LLC (A)	1,040		20,561
Axis Capital Holdings, Ltd.	1,234		118,217
Bowhead Specialty Holdings, Inc. (A)	613		16,576
Brighthouse Financial, Inc. (A)	939		49,842
Brown & Brown, Inc.	5,340		500,839
Chubb, Ltd.	6,478		1,828,416
Cincinnati Financial Corp.	2,554		403,787
CNA Financial Corp.	4,534		210,650
CNO Financial Group, Inc.	1,596		63,122
Donegal Group, Inc., Class A	745		14,446
eHealth, Inc. (A)	826		3,560
Employers Holdings, Inc.	440		18,691
Erie Indemnity Company, Class A	757		240,847
Everest Group, Ltd.	668		233,954
F&G Annuities & Life, Inc.	2,236		69,920
Fidelis Insurance Holdings, Ltd.	1,764		32,017
Fidelity National Financial, Inc.	4,437		268,394
First American Financial Corp.	1,654		106,253
Genworth Financial, Inc. (A)	6,694		59,577

 

264

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Insurance (continued)
Globe Life, Inc.	1,316	$	188,149
Goosehead Insurance, Inc., Class A	419		31,182
Hagerty, Inc., Class A (A)	1,741		20,962
Hamilton Insurance Group, Ltd., Class B (A)	1,129		27,999
HCI Group, Inc.	211		40,497
Heritage Insurance Holdings, Inc. (A)	519		13,068
Hippo Holdings, Inc. (A)	431		15,585
Horace Mann Educators Corp.	701		31,664
Investors Title Company	34		9,106
James River Group Holdings, Ltd.	1,063		5,900
Kemper Corp.	1,044		53,818
Kingstone Companies, Inc.	256		3,763
Kingsway Financial Services, Inc. (A)	637		9,313
Kinsale Capital Group, Inc.	379		161,174
Lemonade, Inc. (A)	1,209		64,718
Lincoln National Corp.	3,063		123,531
Loews Corp.	3,365		337,812
Markel Group, Inc. (A)	206		393,740
Marsh & McLennan Companies, Inc.	7,997		1,611,635
MBIA, Inc. (A)	1,045		7,785
Mercury General Corp.	906		76,811
MetLife, Inc.	10,797		889,349
Old Republic International Corp.	3,923		166,610
Oscar Health, Inc., Class A (A)	3,648		69,057
Palomar Holdings, Inc. (A)	438		51,137
Primerica, Inc.	533		147,955
Principal Financial Group, Inc.	3,604		298,808
ProAssurance Corp. (A)	898		21,543
Prudential Financial, Inc.	5,712		592,563
Reinsurance Group of America, Inc.	1,059		203,466
RenaissanceRe Holdings, Ltd.	753		191,209
RLI Corp.	1,515		98,808
Root, Inc., Class A (A)	223		19,961
Ryan Specialty Holdings, Inc.	2,088		117,680
Safety Insurance Group, Inc.	285		20,147
Selective Insurance Group, Inc.	986		79,935
SelectQuote, Inc. (A)	3,311		6,490
SiriusPoint, Ltd. (A)	2,067		37,392
Skyward Specialty Insurance Group, Inc. (A)	668		31,770
Slide Insurance Holdings, Inc. (A)	2,167		34,206
Stewart Information Services Corp.	466		34,167
The Allstate Corp.	4,267		915,912
The Baldwin Insurance Group, Inc. (A)	1,190		33,570
The Hanover Insurance Group, Inc.	568		103,166
The Hartford Insurance Group, Inc.	4,517		602,523
The Progressive Corp.	9,531		2,353,680
The Travelers Companies, Inc.	3,650		1,019,153
Tiptree, Inc.	755		14,473
Trupanion, Inc. (A)	711		30,772
TWFG, Inc. (A)	339		9,302
United Fire Group, Inc.	504		15,332
Universal Insurance Holdings, Inc.	524		13,781
Unum Group	2,748		213,739
W.R. Berkley Corp.	6,157		471,749
White Mountains Insurance Group, Ltd.	42		70,204
Willis Towers Watson PLC	1,584		547,193
			22,334,776
Mortgage real estate investment trusts – 0.1%
Adamas Trust, Inc.	1,742		12,142
Advanced Flower Capital, Inc.	655		2,509
AG Mortgage Investment Trust, Inc.	826		5,980
AGNC Investment Corp.	16,793		164,403
Angel Oak Mortgage REIT, Inc.	592		5,547

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Mortgage real estate investment trusts (continued)
Annaly Capital Management, Inc.	10,322	$	208,608
Apollo Commercial Real Estate Finance, Inc.	2,461		24,930
Arbor Realty Trust, Inc.	3,133		38,254
Ares Commercial Real Estate Corp.	1,372		6,188
ARMOUR Residential REIT, Inc.	1,784		26,653
Blackstone Mortgage Trust, Inc., Class A	2,814		51,806
BrightSpire Capital, Inc.	2,843		15,437
Chicago Atlantic Real Estate Finance, Inc.	589		7,533
Chimera Investment Corp.	1,420		18,772
Claros Mortgage Trust, Inc. (A)	2,616		8,685
Dynex Capital, Inc.	2,059		25,305
Ellington Financial, Inc.	1,648		21,391
Franklin BSP Realty Trust, Inc.	1,604		17,419
Invesco Mortgage Capital, Inc.	1,237		9,352
KKR Real Estate Finance Trust, Inc.	1,337		12,033
Ladder Capital Corp.	2,507		27,351
MFA Financial, Inc.	1,706		15,678
Orchid Island Capital, Inc.	2,210		15,492
PennyMac Mortgage Investment Trust	1,495		18,329
Ready Capital Corp.	3,146		12,175
Redwood Trust, Inc.	2,620		15,170
Rithm Capital Corp.	8,308		94,628
Starwood Property Trust, Inc.	5,814		112,617
TPG RE Finance Trust, Inc.	1,435		12,284
Two Harbors Investment Corp.	1,773		17,500
			1,024,171
			157,634,124
Health care – 9.0%
Biotechnology – 2.0%
4D Molecular Therapeutics, Inc. (A)	900		7,821
89bio, Inc. (A)	2,525		37,118
AbbVie, Inc.	28,750		6,656,775
Abeona Therapeutics, Inc. (A)	1,007		5,317
Absci Corp. (A)(C)	2,621		7,968
ACADIA Pharmaceuticals, Inc. (A)	2,745		58,578
Achieve Life Sciences, Inc. (A)	1,222		3,849
Acrivon Therapeutics, Inc. (A)	988		1,788
ADMA Biologics, Inc. (A)	3,860		56,588
Aduro Biotech, Inc. (A)(B)	312		437
Agenus, Inc. (A)	597		2,298
Agios Pharmaceuticals, Inc. (A)	959		38,494
Akebia Therapeutics, Inc. (A)	4,533		12,375
Akero Therapeutics, Inc. (A)	1,317		62,531
Akouos, Inc.  (A)(B)	504		912
Albireo Pharma, Inc. (A)(B)	301		647
Aldeyra Therapeutics, Inc. (A)	1,149		5,998
Alector, Inc. (A)	2,049		6,065
Alkermes PLC (A)	2,664		79,920
Allogene Therapeutics, Inc. (A)	4,420		5,481
Alnylam Pharmaceuticals, Inc. (A)	2,133		972,648
Altimmune, Inc. (A)(C)	1,590		5,994
Alvotech SA (A)(C)	4,452		36,462
Ambit Biosciences Corp. (A)(B)	515		278
Amgen, Inc.	8,755		2,470,661
Amicus Therapeutics, Inc. (A)	5,121		40,353
AnaptysBio, Inc. (A)	488		14,943
Anavex Life Sciences Corp. (A)(C)	1,492		13,279
Annexon, Inc. (A)	2,088		6,368
Apellis Pharmaceuticals, Inc. (A)	2,063		46,686
Apogee Therapeutics, Inc. (A)	767		30,473
Arbutus Biopharma Corp. (A)	3,670		16,662
Arcellx, Inc. (A)	904		74,218
Arcturus Therapeutics Holdings, Inc. (A)	482		8,883

 

265

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Arcus Biosciences, Inc. (A)	1,874	$	25,486
Arcutis Biotherapeutics, Inc. (A)	1,962		36,984
Ardelyx, Inc. (A)	3,956		21,798
ArriVent Biopharma, Inc. (A)(C)	798		14,723
Arrowhead Pharmaceuticals, Inc. (A)	2,270		78,292
ARS Pharmaceuticals, Inc. (A)	1,669		16,773
Assembly Biosciences, Inc. (A)	288		7,373
Astria Therapeutics, Inc. (A)	1,099		8,001
aTyr Pharma, Inc. (A)(C)	2,517		1,816
Aura Biosciences, Inc. (A)	1,505		9,301
Aurinia Pharmaceuticals, Inc. (A)	2,164		23,912
Avalo Therapeutics, Inc. (A)	265		3,368
Avidity Biosciences, Inc. (A)	2,106		91,758
Avita Medical, Inc. (A)(C)	611		3,122
Beam Therapeutics, Inc. (A)	1,668		40,482
Bicara Therapeutics, Inc. (A)(C)	972		15,348
BioCryst Pharmaceuticals, Inc. (A)	3,431		26,041
Biogen, Inc. (A)	2,367		331,569
Biohaven, Ltd. (A)	1,768		26,538
BioMarin Pharmaceutical, Inc. (A)	3,091		167,409
Biomea Fusion, Inc. (A)	1,254		2,533
Bioxcel Therapeutics, Inc. (A)	321		822
Black Diamond Therapeutics, Inc. (A)	1,108		4,199
Bluebird Bio, Inc. (A)(B)	206		406
Blueprint Medicines Corp. (A)(B)	1,057		486
Bridgebio Pharma, Inc. (A)	3,120		162,053
Bright Minds Biosciences, Inc. (A)	136		8,250
C4 Therapeutics, Inc. (A)	1,354		3,006
Cabaletta Bio, Inc. (A)	1,721		4,027
Candel Therapeutics, Inc. (A)(C)	991		5,054
Capricor Therapeutics, Inc. (A)(C)	774		5,581
Cardiff Oncology, Inc. (A)	1,303		2,684
CareDx, Inc. (A)	891		12,955
Caribou Biosciences, Inc. (A)	2,047		4,770
Caris Life Sciences, Inc. (A)(C)	4,622		139,816
Catalyst Pharmaceuticals, Inc. (A)	1,958		38,573
Celcuity, Inc. (A)	707		34,926
Celldex Therapeutics, Inc. (A)	1,125		29,104
CEL-SCI Corp. (A)	165		1,518
CervoMed, Inc. (A)	187		1,513
CG Oncology, Inc. (A)	1,256		50,592
Checkpoint Therapeutics, Inc. (A)(B)	923		148
Chinook Therapeutics, Inc. (A)(B)	965		1,352
Cidara Therapeutics, Inc. (A)	423		40,506
Cogent Biosciences, Inc. (A)	2,338		33,574
Coherus Oncology, Inc. (A)	2,348		3,851
Compass Therapeutics, Inc. (A)	3,049		10,672
Concert Pharmaceuticals, Inc. (A)(B)	1,064		394
Corbus Pharmaceuticals Holdings, Inc. (A)	256		3,238
Corvus Pharmaceuticals, Inc. (A)	1,381		10,178
Crescent Biopharma, Inc. (A)	295		3,508
CRISPR Therapeutics AG (A)(C)	1,485		96,243
Cullinan Therapeutics, Inc. (A)	1,200		7,116
Cyteir Therapeutics, Inc. (A)(B)	445		0
Cytokinetics, Inc. (A)	1,961		107,777
CytomX Therapeutics, Inc. (A)	2,895		9,235
Day One Biopharmaceuticals, Inc. (A)	1,845		13,007
Denali Therapeutics, Inc. (A)	2,520		36,590
DiaMedica Therapeutics, Inc. (A)	1,008		6,925
Dianthus Therapeutics, Inc. (A)	538		21,170
Disc Medicine, Inc. (A)	577		38,128
Dynavax Technologies Corp. (A)	2,013		19,989
Dyne Therapeutics, Inc. (A)	2,348		29,702
Editas Medicine, Inc. (A)	1,710		5,934

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Eledon Pharmaceuticals, Inc. (A)	1,394	$	3,610
Elicio Therapeutics, Inc. (A)	346		3,785
Emergent BioSolutions, Inc. (A)	900		7,938
Enanta Pharmaceuticals, Inc. (A)	483		5,782
Entrada Therapeutics, Inc. (A)	967		5,609
Equillium, Inc. (A)	1,197		1,712
Erasca, Inc. (A)	5,564		12,130
Exact Sciences Corp. (A)	3,083		168,671
Exagen, Inc. (A)	441		4,847
Exelixis, Inc. (A)	4,363		180,192
Fate Therapeutics, Inc. (A)	2,598		3,273
Flexion Therapeutics, Inc. (A)(B)	867		390
Fortress Biotech, Inc. (A)(C)	728		2,690
Galectin Therapeutics, Inc. (A)(C)	1,177		4,985
Geron Corp. (A)	10,825		14,830
Gilead Sciences, Inc.	20,179		2,239,869
Gossamer Bio, Inc. (A)	3,923		10,317
GRAIL, Inc. (A)	593		35,064
GTX Corp. (A)(B)	38		0
Gyre Therapeutics, Inc. (A)	1,460		10,892
Halozyme Therapeutics, Inc. (A)	1,892		138,759
Heron Therapeutics, Inc. (A)	3,008		3,790
Humacyte, Inc. (A)(C)	2,855		4,968
Icosavax, Inc. (A)(B)	737		228
Ideaya Biosciences, Inc. (A)	1,509		41,060
Immuneering Corp., Class A (A)	653		4,571
Immunic, Inc. (A)	3,485		3,072
ImmunityBio, Inc. (A)	15,513		38,162
Immunome, Inc. (A)	1,498		17,542
Immunovant, Inc. (A)	2,973		47,925
Incyte Corp. (A)	3,164		268,339
Inhibrx Biosciences, Inc. (A)	294		9,902
Inhibrx, Inc. (A)(B)	735		463
Inmune Bio, Inc. (A)	742		1,536
Inovio Pharmaceuticals, Inc. (A)(C)	1,100		2,574
Insmed, Inc. (A)	3,439		495,250
Instil Bio, Inc. (A)	126		2,250
Intellia Therapeutics, Inc. (A)	1,787		30,861
Invivyd, Inc. (A)	3,455		3,801
Ionis Pharmaceuticals, Inc. (A)	2,606		170,485
Iovance Biotherapeutics, Inc. (A)(C)	6,031		13,087
Ironwood Pharmaceuticals, Inc. (A)	3,111		4,075
iTeos Therapeutics, Inc. (A)(B)	799		82
Jade Biosciences, Inc.	686		5,920
Janux Therapeutics, Inc. (A)	999		24,416
Jasper Therapeutics, Inc. (A)	517		1,230
KALA BIO, Inc. (A)	159		243
Kalaris Therapeutics, Inc. (A)	492		2,844
KalVista Pharmaceuticals, Inc. (A)	898		10,938
Keros Therapeutics, Inc. (A)	713		11,280
Kiniksa Pharmaceuticals International PLC (A)	723		28,074
Kinnate Biopharma, Inc. (A)(B)	772		48
Kodiak Sciences, Inc. (A)	931		15,240
Korro Bio, Inc. (A)	168		8,046
Krystal Biotech, Inc. (A)	467		82,440
Kura Oncology, Inc. (A)	1,587		14,045
Kymera Therapeutics, Inc. (A)	1,180		66,788
Kyverna Therapeutics, Inc. (A)	935		5,610
Larimar Therapeutics, Inc. (A)	1,566		5,058
Legend Biotech Corp., ADR (A)	20		652
Lexeo Therapeutics, Inc. (A)	983		6,527
Lexicon Pharmaceuticals, Inc. (A)(C)	6,566		8,864
Lineage Cell Therapeutics, Inc. (A)(C)	4,427		7,482
Lite Strategy, Inc. (A)	797		1,929

 

266

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
MacroGenics, Inc. (A)	1,659	$	2,787
Madrigal Pharmaceuticals, Inc. (A)	362		166,035
Magenta Therapeutics, Inc. (A)(B)	2,418		118
MannKind Corp. (A)	5,110		27,441
MeiraGTx Holdings PLC (A)	1,518		12,493
Merrimack Pharmaceuticals, Inc. (A)(B)	204		6
Metsera, Inc. (A)(C)	1,723		90,165
MiMedx Group, Inc. (A)	2,665		18,602
Mineralys Therapeutics, Inc. (A)	1,101		41,750
Mirati Therapeutics, Inc. (A)(B)	902		3,189
Mirum Pharmaceuticals, Inc. (A)	819		60,041
Moderna, Inc. (A)	6,344		163,866
Monopar Therapeutics, Inc. (A)	107		8,739
Monte Rosa Therapeutics, Inc. (A)	1,113		8,247
Mural Oncology PLC (A)	689		1,426
Myriad Genetics, Inc. (A)	1,602		11,582
Natera, Inc. (A)	2,231		359,124
Neurocrine Biosciences, Inc. (A)	1,602		224,889
Neurogene, Inc. (A)	258		4,471
Nkarta, Inc. (A)	1,562		3,233
Novavax, Inc. (A)	2,644		22,923
Nurix Therapeutics, Inc. (A)	1,355		12,520
Nuvalent, Inc., Class A (A)	1,098		94,955
Ocugen, Inc. (A)(C)	5,417		8,830
Olema Pharmaceuticals, Inc. (A)	1,228		12,022
Organogenesis Holdings, Inc. (A)	2,252		9,503
ORIC Pharmaceuticals, Inc. (A)	1,662		19,944
Oruka Therapeutics, Inc. (A)	673		12,942
OS Therapies, Inc. (A)	730		1,431
Ovid therapeutics, Inc. (A)	1,854		2,410
Palvella Therapeutics, Inc. (A)	194		12,162
Paratek Pharmaceuticals, Inc. (A)(B)	901		72
Pardes Biosciences, Inc. (A)(B)	703		21
PDL BioPharma, Inc. (A)(B)	1,734		277
Perspective Therapeutics, Inc. (A)	1,405		4,819
Plus Therapeutics, Inc. (A)(C)	2,232		1,526
PMV Pharmaceuticals, Inc. (A)(C)	1,877		2,628
Praxis Precision Medicines, Inc. (A)	356		18,868
Precigen, Inc. (A)(C)	5,020		16,516
Prime Medicine, Inc. (A)	2,945		16,315
ProKidney Corp. (A)(C)	2,412		5,837
Protagonist Therapeutics, Inc. (A)	1,020		67,759
Protalix BioTherapeutics, Inc. (A)	1,836		4,076
Prothena Corp. PLC (A)	1,014		9,897
PTC Therapeutics, Inc. (A)	1,291		79,229
Puma Biotechnology, Inc. (A)	939		4,986
Pyxis Oncology, Inc. (A)	1,384		3,072
RAPT Therapeutics, Inc. (A)	304		7,840
Recursion Pharmaceuticals, Inc., Class A (A)(C)	7,003		34,175
Regeneron Pharmaceuticals, Inc.	1,692		951,361
REGENXBIO, Inc. (A)	915		8,830
Regulus Therapeutics, Inc. (A)(B)	1,429		1,658
Relay Therapeutics, Inc. (A)	3,133		16,354
Replimune Group, Inc. (A)	1,382		5,791
REVOLUTION Medicines, Inc. (A)	3,062		142,995
Rezolute, Inc. (A)	1,519		14,279
Rhythm Pharmaceuticals, Inc. (A)	1,085		109,574
Rigel Pharmaceuticals, Inc. (A)	298		8,442
Rocket Pharmaceuticals, Inc. (A)	2,247		7,325
Sage Therapeutics, Inc. (A)(B)	1,119		201
Sagimet Biosciences, Inc., Class A (A)	397		2,723
Sana Biotechnology, Inc. (A)(C)	4,436		15,748
Sangamo Therapeutics, Inc. (A)	5,521		3,718
Sarepta Therapeutics, Inc. (A)	1,603		30,890

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Savara, Inc. (A)	3,399	$	12,134
Scholar Rock Holding Corp. (A)	1,584		58,988
SELLAS Life Sciences Group, Inc. (A)(C)	2,122		3,416
Seres Therapeutics, Inc. (A)(C)	183		3,521
Shattuck Labs, Inc. (A)	1,031		2,464
Sionna Therapeutics, Inc. (A)	751		22,087
Skye Bioscience, Inc. (A)	592		2,327
Soleno Therapeutics, Inc. (A)	871		58,880
Solid Biosciences, Inc. (A)	1,367		8,434
Spectrum Pharmaceuticals, Inc. (A)(B)	3,285		263
Spero Therapeutics, Inc. (A)	1,598		3,004
Spyre Therapeutics, Inc. (A)	1,041		17,447
Stoke Therapeutics, Inc. (A)	908		21,338
Summit Therapeutics, Inc. (A)(C)	12,117		250,337
Syndax Pharmaceuticals, Inc. (A)	1,449		22,293
Synergy Pharmaceuticals, Inc. (A)(B)	6,230		18
Tango Therapeutics, Inc. (A)(C)	1,877		15,767
Taysha Gene Therapies, Inc. (A)	4,603		15,052
Tectonic Therapeutic, Inc. (A)	367		5,758
Tectonic Therapeutic, Inc., CVR (A)(B)	32		0
Tenaya Therapeutics, Inc. (A)	3,030		4,909
TG Therapeutics, Inc. (A)	2,583		93,311
Tonix Pharmaceuticals Holding Corp. (A)(C)	147		3,552
Tourmaline Bio, Inc. (A)	428		20,471
Travere Therapeutics, Inc. (A)	1,465		35,014
Twist Bioscience Corp. (A)	998		28,084
Tyra Biosciences, Inc. (A)	986		13,794
Ultragenyx Pharmaceutical, Inc. (A)	1,615		48,579
Unicycive Therapeutics, Inc. (A)	441		1,923
United Therapeutics Corp. (A)	734		307,700
Upstream Bio, Inc. (A)(C)	919		17,286
UroGen Pharma, Ltd. (A)	772		15,401
Vanda Pharmaceuticals, Inc. (A)	1,266		6,317
Vaxcyte, Inc. (A)	2,163		77,911
Vera Therapeutics, Inc. (A)	1,063		30,891
Veracyte, Inc. (A)	1,279		43,908
Verastem, Inc. (A)	1,047		9,245
Vericel Corp. (A)	841		26,466
Vertex Pharmaceuticals, Inc. (A)	4,170		1,633,139
Verve Therapeutics, Inc. (A)(B)	1,589		1,001
Vigil Neuroscience, Inc. (A)(B)	1,011		51
Viking Therapeutics, Inc. (A)	1,840		48,355
Vir Biotechnology, Inc. (A)	2,581		14,738
Viridian Therapeutics, Inc. (A)	1,395		30,104
Vistagen Therapeutics, Inc. (A)	1,052		3,735
Vor Biopharma, Inc. (A)	270		13,154
Voyager Therapeutics, Inc. (A)	1,253		5,852
Walgreens Boots Alliance, Inc. (A)(B)	14,372		7,617
X4 Pharmaceuticals, Inc. (A)	292		999
Xencor, Inc. (A)	1,324		15,531
XOMA Royalty Corp. (A)	250		9,635
Zenas Biopharma, Inc. (A)(C)	728		16,162
Zentalis Pharmaceuticals, Inc. (A)	1,718		2,594
Zymeworks, Inc. (A)	1,365		23,314
			23,228,028
Health care equipment and supplies – 1.9%
Abbott Laboratories	28,336		3,795,324
ABIOMED, Inc. (A)(B)	788		12,230
Accuray, Inc. (A)	2,732		4,562
Align Technology, Inc. (A)	1,179		147,634
Alphatec Holdings, Inc. (A)	2,442		35,507
AngioDynamics, Inc. (A)	766		8,556
Artivion, Inc. (A)	796		33,703

 

267

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
AtriCure, Inc. (A)	831	$	29,293
Avanos Medical, Inc. (A)	948		10,959
Axogen, Inc. (A)	783		13,969
Baxter International, Inc.	8,366		190,494
Becton, Dickinson and Company	4,651		870,528
Beta Bionics, Inc. (A)(C)	735		14,604
Bioventus, Inc., Class A (A)	1,285		8,597
Boston Scientific Corp. (A)	24,103		2,353,176
Butterfly Network, Inc. (A)	4,009		7,737
Carlsmed, Inc. (A)	594		7,954
Catheter Precision, Inc. (A)	531		1,338
Ceribell, Inc. (A)	750		8,618
Cerus Corp. (A)	4,951		7,872
ClearPoint Neuro, Inc. (A)	545		11,876
CONMED Corp.	505		23,750
CVRx, Inc. (A)	536		4,326
Delcath Systems, Inc. (A)	625		6,719
Dentsply Sirona, Inc.	3,273		41,534
DexCom, Inc. (A)	6,380		429,310
Edwards Lifesciences Corp. (A)	9,542		742,081
Electromed, Inc. (A)	178		4,370
Embecta Corp.	996		14,054
Enovis Corp. (A)	954		28,944
Envista Holdings Corp. (A)	2,699		54,979
Establishment Labs Holdings, Inc. (A)	13		533
GE HealthCare Technologies, Inc.	7,414		556,791
Glaukos Corp. (A)	933		76,086
Globus Medical, Inc., Class A (A)	1,817		104,060
Haemonetics Corp. (A)	786		38,310
Hologic, Inc. (A)	3,602		243,099
ICU Medical, Inc. (A)	406		48,704
IDEXX Laboratories, Inc. (A)	1,301		831,196
Inogen, Inc. (A)	573		4,681
Inspire Medical Systems, Inc. (A)	484		35,913
Insulet Corp. (A)	1,144		353,187
Integer Holdings Corp. (A)	557		57,555
Integra LifeSciences Holdings Corp. (A)	1,324		18,973
Intuitive Surgical, Inc. (A)	5,835		2,609,587
iRadimed Corp.	245		17,434
iRhythm Technologies, Inc. (A)	524		90,123
Kestra Medical Technologies, Ltd. (A)	881		20,933
Lantheus Holdings, Inc. (A)	1,106		56,727
LeMaitre Vascular, Inc.	376		32,904
LivaNova PLC (A)	885		46,356
Lucid Diagnostics, Inc. (A)	2,971		3,001
Masimo Corp. (A)	886		130,729
Medtronic PLC	20,852		1,985,944
Merit Medical Systems, Inc. (A)	944		78,569
Microbot Medical, Inc. (A)	883		2,693
Monogram Technologies, Inc. (A)	868		5,095
Myomo, Inc. (A)	1,378		1,229
Neogen Corp. (A)	3,748		21,401
Neuronetics, Inc. (A)	1,272		3,473
NeuroPace, Inc. (A)	653		6,732
Omnicell, Inc. (A)	763		23,233
OraSure Technologies, Inc. (A)	2,030		6,516
Orthofix Medical, Inc. (A)	819		11,990
OrthoPediatrics Corp. (A)	509		9,432
Outset Medical, Inc. (A)(C)	334		4,716
Paragon 28, Inc. (A)(B)	1,430		129
Penumbra, Inc. (A)	632		160,098
PROCEPT BioRobotics Corp. (A)	919		32,799
Pro-Dex, Inc. (A)	77		2,606
Pulse Biosciences, Inc. (A)(C)	1,161		20,550
QuidelOrtho Corp. (A)	1,122		33,043

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Health care equipment and supplies (continued)
ResMed, Inc.	2,378	$	650,930
Rockwell Medical, Inc. (A)	1,101		1,321
RxSight, Inc. (A)	774		6,958
SANUWAVE Health, Inc. (A)	159		5,959
Semler Scientific, Inc. (A)	253		7,590
Senseonics Holdings, Inc. (A)	15,414		6,717
Sharps Technology, Inc. (A)	435		2,836
Shoulder Innovations, Inc. (A)	383		4,807
SI-BONE, Inc. (A)	781		11,496
Solventum Corp. (A)	2,825		206,225
STAAR Surgical Company (A)	825		22,168
Stereotaxis, Inc. (A)	2,305		7,169
STERIS PLC	1,599		395,657
Streamex Corp. (A)	609		3,465
Stryker Corp.	6,224		2,300,826
Surmodics, Inc. (A)	290		8,668
Tactile Systems Technology, Inc. (A)	471		6,519
Tandem Diabetes Care, Inc. (A)	1,153		13,997
Teleflex, Inc.	713		87,243
The Cooper Companies, Inc. (A)	3,229		221,380
TransMedics Group, Inc. (A)	553		62,047
Treace Medical Concepts, Inc. (A)	1,225		8,220
UFP Technologies, Inc. (A)	126		25,150
Varex Imaging Corp. (A)	764		9,474
Zimmer Biomet Holdings, Inc.	3,203		315,496
Zimvie, Inc. (A)	584		11,061
			21,115,107
Health care providers and services – 1.6%
Acadia Healthcare Company, Inc. (A)	1,496		37,041
Aceto Corp. (A)(B)	853		0
AdaptHealth Corp. (A)	2,252		20,155
Addus HomeCare Corp. (A)	303		35,751
agilon health, Inc. (A)	7,316		7,535
AirSculpt Technologies, Inc. (A)(C)	1,146		9,191
Alignment Healthcare, Inc. (A)	3,272		57,096
AMN Healthcare Services, Inc. (A)	660		12,778
Ardent Health, Inc. (A)	2,369		31,389
Astrana Health, Inc. (A)	851		24,126
Aveanna Healthcare Holdings, Inc. (A)	3,501		31,054
Biodesix, Inc. (A)	260		1,963
BrightSpring Health Services, Inc. (A)	2,894		85,547
Brookdale Senior Living, Inc. (A)	3,999		33,872
Cardinal Health, Inc.	3,867		606,964
Castle Biosciences, Inc. (A)	506		11,522
Cencora, Inc.	3,144		982,594
Centene Corp. (A)	8,001		285,476
Chemed Corp.	236		105,667
Clover Health Investments Corp. (A)	7,017		21,472
Community Health Systems, Inc. (A)	2,556		8,205
Concentra Group Holdings Parent, Inc.	2,138		44,748
CorVel Corp. (A)	855		66,194
Cross Country Healthcare, Inc. (A)	637		9,045
CVS Health Corp.	20,639		1,555,974
DaVita, Inc. (A)	1,156		153,598
Elevance Health, Inc.	3,661		1,182,942
Encompass Health Corp.	1,611		204,629
Enhabit, Inc. (A)	957		7,666
Fulgent Genetics, Inc. (A)	587		13,266
GeneDx Holdings Corp. (A)	468		50,422
Guardant Health, Inc. (A)	2,034		127,084
HCA Healthcare, Inc.	3,804		1,621,265
HealthEquity, Inc. (A)	1,401		132,773
Henry Schein, Inc. (A)	1,946		129,156
Hims & Hers Health, Inc. (A)	3,541		200,846
Hinge Health, Inc. (A)	451		22,135

 

268

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (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)
Humana, Inc.	1,956	$	508,893
InfuSystem Holdings, Inc. (A)	422		4,372
Innovage Holding Corp. (A)	1,986		10,248
Kindly MD, Inc. (A)(C)	6,228		6,664
Labcorp Holdings, Inc.	1,343		385,522
LifeStance Health Group, Inc. (A)	6,550		36,025
McKesson Corp.	2,022		1,562,076
Molina Healthcare, Inc. (A)	881		168,588
National HealthCare Corp.	264		32,079
National Research Corp.	484		6,186
NeoGenomics, Inc. (A)	2,227		17,192
Nutex Health, Inc. (A)	94		9,712
Omada Health, Inc. (A)(C)	975		21,557
OPKO Health, Inc. (A)	14,646		22,701
Option Care Health, Inc. (A)	2,613		72,537
Owens & Minor, Inc. (A)	1,406		6,749
PACS Group, Inc. (A)	2,624		36,028
Pediatrix Medical Group, Inc. (A)	1,452		24,321
Performant Healthcare, Inc. (A)	1,468		11,348
Premier, Inc., Class A	1,345		37,391
Privia Health Group, Inc. (A)	2,046		50,945
Progyny, Inc. (A)	1,421		30,580
Quest Diagnostics, Inc.	1,805		343,997
Quipt Home Medical Corp. (A)	1,291		3,370
RadNet, Inc. (A)	1,251		95,339
Select Medical Holdings Corp.	2,101		26,977
Sonida Senior Living, Inc. (A)	302		8,371
Surgery Partners, Inc. (A)	2,108		45,617
Talkspace, Inc. (A)	3,056		8,435
Tenet Healthcare Corp. (A)	1,432		290,753
The Cigna Group	4,338		1,250,429
The Ensign Group, Inc.	932		161,022
The Oncology Institute, Inc. (A)	1,638		5,717
The Pennant Group, Inc. (A)	632		15,939
UnitedHealth Group, Inc.	14,740		5,089,722
Universal Health Services, Inc., Class B	900		183,996
US Physical Therapy, Inc.	266		22,597
Viemed Healthcare, Inc. (A)	995		6,756
			18,551,892
Health care technology – 0.1%
CareCloud, Inc. (A)	863		2,770
Certara, Inc. (A)	2,688		32,847
Claritev Corp. (A)	279		14,809
Definitive Healthcare Corp. (A)	2,206		8,956
Doximity, Inc., Class A (A)	2,219		162,320
Evolent Health, Inc., Class A (A)	1,983		16,776
GoodRx Holdings, Inc., Class A (A)	1,818		7,690
Health Catalyst, Inc. (A)	1,793		5,110
HealthStream, Inc.	556		15,701
LifeMD, Inc. (A)	842		5,717
OneMedNet Corp. (A)	1,273		1,388
OptimizeRx Corp. (A)	343		7,032
Phreesia, Inc. (A)	997		23,449
Schrodinger, Inc. (A)	1,098		22,026
Simulations Plus, Inc. (A)	384		5,787
Teladoc Health, Inc. (A)	2,965		22,919
TruBridge, Inc. (A)	309		6,233
Veeva Systems, Inc., Class A (A)	2,668		794,824
Waystar Holding Corp. (A)	2,840		107,693
			1,264,047
Life sciences tools and services – 0.8%
10X Genomics, Inc., Class A (A)	1,904		22,258
Adaptive Biotechnologies Corp. (A)	2,537		37,954
Agilent Technologies, Inc.	4,591		589,255
Avantor, Inc. (A)	11,011		137,417

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Life sciences tools and services (continued)
Azenta, Inc. (A)	774	$	22,229
BioLife Solutions, Inc. (A)	812		20,714
Bio-Rad Laboratories, Inc., Class A (A)	358		100,380
Bio-Techne Corp.	2,509		139,576
Bruker Corp.	2,465		80,088
Charles River Laboratories International, Inc. (A)	795		124,386
Codexis, Inc. (A)	1,938		4,729
CryoPort, Inc. (A)	951		9,015
Cytek Biosciences, Inc. (A)	2,361		8,193
Danaher Corp.	11,645		2,308,738
Fortrea Holdings, Inc. (A)	1,520		12,798
Ginkgo Bioworks Holdings, Inc. (A)(C)	804		11,722
Illumina, Inc. (A)	2,492		236,665
IQVIA Holdings, Inc. (A)	2,756		523,475
Lifecore Biomedical, Inc. (A)	767		5,645
Maravai LifeSciences Holdings, Inc., Class A (A)	2,776		7,967
MaxCyte, Inc. (A)	2,754		4,351
Medpace Holdings, Inc. (A)	454		233,429
Mesa Laboratories, Inc.	107		7,170
Mettler-Toledo International, Inc. (A)	333		408,794
Niagen Bioscience, Inc. (A)	1,332		12,428
OmniAb, Inc., $12.50 Earnout Shares (A)	117		116
OmniAb, Inc., $15.00 Earnout Shares (A)	117		107
Pacific Biosciences of California, Inc. (A)(C)	5,335		6,829
Personalis, Inc. (A)(C)	1,531		9,982
Quanterix Corp. (A)	944		5,126
Quantum-Si, Inc. (A)	3,278		4,622
Repligen Corp. (A)	911		121,773
Revvity, Inc.	1,871		163,993
Sotera Health Company (A)	4,696		73,868
Standard BioTools, Inc. (A)	7,134		9,274
Tempus AI, Inc. (A)	2,745		221,549
Thermo Fisher Scientific, Inc.	6,140		2,978,023
Waters Corp. (A)	962		288,417
West Pharmaceutical Services, Inc.	1,171		307,188
			9,260,243
Pharmaceuticals – 2.6%
Aardvark Therapeutics, Inc. (A)	420		5,582
Aclaris Therapeutics, Inc. (A)	2,323		4,414
Alexza Pharmaceuticals, Inc. (A)(B)	2,067		72
ALT5 Sigma Corp. (A)	2,083		5,603
Alumis, Inc. (A)(C)	1,683		6,715
Amneal Pharmaceuticals, Inc. (A)	5,256		52,613
Amphastar Pharmaceuticals, Inc. (A)	771		20,547
Amylyx Pharmaceuticals, Inc. (A)	1,516		20,602
ANI Pharmaceuticals, Inc. (A)	349		31,968
Aquestive Therapeutics, Inc. (A)	2,119		11,845
Arvinas, Inc. (A)	1,338		11,400
Aspire Biopharma Holdings, Inc. (A)	1,558		321
Atea Pharmaceuticals, Inc. (A)	2,137		6,197
Axsome Therapeutics, Inc. (A)	814		98,860
Belite Bio, Inc., ADR (A)	19		1,406
Bristol-Myers Squibb Company	33,101		1,492,855
Cassava Sciences, Inc. (A)	913		2,657
CinCor Pharma, Inc. (A)(B)	708		2,166
Clearside Biomedical, Inc. (A)	328		1,302
Cognition Therapeutics, Inc. (A)	1,629		2,199
Collegium Pharmaceutical, Inc. (A)	522		18,265
Contineum Therapeutics, Inc., Class A (A)	417		4,900

 

269

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Corcept Therapeutics, Inc. (A)	1,721	$	143,032
CorMedix, Inc. (A)(C)	1,241		14,433
Crinetics Pharmaceuticals, Inc. (A)	1,567		65,266
Dare Bioscience, Inc. (A)	801		1,682
Edgewise Therapeutics, Inc. (A)	1,772		28,742
Elanco Animal Health, Inc. (A)	8,070		162,530
Eli Lilly & Company	15,407		11,755,541
Enliven Therapeutics, Inc. (A)	1,028		21,043
Esperion Therapeutics, Inc. (A)	3,472		9,201
Eton Pharmaceuticals, Inc. (A)	487		10,583
Evolus, Inc. (A)	1,208		7,417
EyePoint Pharmaceuticals, Inc. (A)	1,178		16,775
Fulcrum Therapeutics, Inc. (A)	1,005		9,246
Harmony Biosciences Holdings, Inc. (A)	957		26,375
Harrow, Inc. (A)	608		29,293
Imara, Inc.  (A)(B)	411		92
Indivior PLC (A)	2,041		49,209
Innoviva, Inc. (A)	1,064		19,418
Jazz Pharmaceuticals PLC (A)	982		129,428
Johnson & Johnson	39,196		7,267,722
LENZ Therapeutics, Inc. (A)	487		22,684
Ligand Pharmaceuticals, Inc. (A)	323		57,216
Liquidia Corp. (A)	1,419		32,268
Maze Therapeutics, Inc. (A)(C)	740		19,188
MBX Biosciences, Inc. (A)	622		10,885
Merck & Company, Inc.	40,629		3,409,992
Mind Medicine MindMed, Inc. (A)(C)	1,308		15,421
Nektar Therapeutics (A)	318		18,094
Neumora Therapeutics, Inc. (A)	3,212		5,846
NRX Pharmaceuticals, Inc. (A)	529		1,746
Nuvation Bio, Inc. (A)	5,813		21,508
Ocular Therapeutix, Inc. (A)	2,884		33,714
Oculis Holding AG (A)(C)	101		1,791
Omeros Corp. (A)	1,298		5,322
Opiant Pharmaceuticals, Inc. (A)(B)	87		57
Optinose, Inc. (A)(B)	230		138
Organon & Company	4,239		45,273
Pacira BioSciences, Inc. (A)	756		19,482
Perrigo Company PLC	2,231		49,684
Pfizer, Inc.	92,367		2,353,511
Phathom Pharmaceuticals, Inc. (A)(C)	1,192		14,030
Phibro Animal Health Corp., Class A	347		14,040
Pliant Therapeutics, Inc. (A)	1,714		2,537
Poseida Therapeutics, Inc. (A)(B)	1,586		793
Prestige Consumer Healthcare, Inc. (A)	794		49,546
Prevail Therapeutics, Inc. (A)(B)	788		1,516
Rapport Therapeutics, Inc. (A)	630		18,711
Relmada Therapeutics, Inc. (A)	826		1,660
Royalty Pharma PLC, Class A	7,011		247,348
Scilex Holding Company (A)(C)	126		2,480
scPharmaceuticals, Inc. (A)	1,153		6,538
Septerna, Inc. (A)(C)	781		14,691
SIGA Technologies, Inc.	1,206		11,035
Structure Therapeutics, Inc., ADR (A)	29		812
Supernus Pharmaceuticals, Inc. (A)	911		43,537
Tarsus Pharmaceuticals, Inc. (A)	696		41,363
Telomir Pharmaceuticals, Inc. (A)	1,013		1,408
Terns Pharmaceuticals, Inc. (A)	1,553		11,663
Theravance Biopharma, Inc. (A)	998		14,571
Tilray Brands, Inc. (A)(C)	18,250		31,573
Tobira Therapeutics, Inc. (A)(B)	609		0
Trevi Therapeutics, Inc. (A)	2,079		19,023
Ventyx Biosciences, Inc. (A)	1,393		4,332
Viatris, Inc.	18,892		187,031
Xeris Biopharma Holdings, Inc. (A)	2,688		21,880

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Zevra Therapeutics, Inc. (A)	1,050	$	9,986
Zoetis, Inc.	7,201		1,053,650
			29,519,091
			102,938,408
Industrials – 9.2%
Aerospace and defense – 2.2%
AAR Corp. (A)	599		53,712
AeroVironment, Inc. (A)	813		256,006
AerSale Corp. (A)	937		7,674
AIRO Group Holdings, Inc. (A)	468		8,986
Archer Aviation, Inc., Class A (A)	10,530		100,877
Astronics Corp. (A)	525		23,945
ATI, Inc. (A)	2,233		181,632
Axon Enterprise, Inc. (A)	1,278		917,144
BWX Technologies, Inc.	1,486		273,974
Byrna Technologies, Inc. (A)	386		8,554
Cadre Holdings, Inc.	699		25,520
Curtiss-Wright Corp.	612		332,279
Ducommun, Inc. (A)	263		25,282
Eve Holding, Inc. (A)(C)	5,290		20,155
General Dynamics Corp.	4,376		1,492,216
General Electric Company	17,259		5,191,852
HEICO Corp.	845		272,783
HEICO Corp., Class A	1,444		366,906
Hexcel Corp.	1,288		80,758
Howmet Aerospace, Inc.	6,557		1,286,680
Huntington Ingalls Industries, Inc.	634		182,535
Innovative Solutions and Support, Inc. (A)	379		4,734
Intuitive Machines, Inc. (A)	1,946		20,472
Karman Holdings, Inc. (A)	2,168		156,530
Kratos Defense & Security Solutions, Inc. (A)	2,754		251,633
L3Harris Technologies, Inc.	3,039		928,141
Leonardo DRS, Inc.	4,363		198,080
Loar Holdings, Inc. (A)	1,530		122,400
Lockheed Martin Corp.	3,798		1,896,000
Mercury Systems, Inc. (A)	987		76,394
Moog, Inc., Class A	465		96,567
National Presto Industries, Inc.	134		15,028
Northrop Grumman Corp.	2,331		1,420,325
Redwire Corp. (A)(C)	2,404		21,612
Rocket Lab Corp. (A)	7,858		376,477
RTX Corp.	21,794		3,646,790
Spirit AeroSystems Holdings, Inc., Class A (A)	1,942		74,961
StandardAero, Inc. (A)	5,476		149,440
Textron, Inc.	2,867		242,233
The Boeing Company (A)	12,309		2,656,651
TransDigm Group, Inc.	917		1,208,624
V2X, Inc. (A)	538		31,252
Virgin Galactic Holdings, Inc. (A)(C)	1,156		4,462
Voyager Technologies, Inc., Class A (A)	886		26,385
VSE Corp.	337		56,023
Woodward, Inc.	974		246,140
			25,036,824
Air freight and logistics – 0.2%
CH Robinson Worldwide, Inc.	1,930		255,532
Expeditors International of Washington, Inc.	2,219		272,027
FedEx Corp.	3,841		905,746
Forward Air Corp. (A)	527		13,512
GXO Logistics, Inc. (A)	1,894		100,174
Hub Group, Inc., Class A	1,073		36,954

 

270

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Air freight and logistics (continued)
United Parcel Service, Inc., Class B	12,001	$	1,002,444
			2,586,389
Building products – 0.6%
A.O. Smith Corp.	1,826		134,047
AAON, Inc.	1,334		124,649
Advanced Drainage Systems, Inc.	1,264		175,317
Allegion PLC	1,380		244,743
American Woodmark Corp. (A)	250		16,690
Apogee Enterprises, Inc.	398		17,341
Armstrong World Industries, Inc.	699		137,011
AZZ, Inc.	490		53,474
Builders FirstSource, Inc. (A)	1,792		217,280
Carlisle Companies, Inc.	693		227,969
Carrier Global Corp.	13,865		827,741
CSW Industrials, Inc.	272		66,028
Fortune Brands Innovations, Inc.	1,936		103,363
Gibraltar Industries, Inc. (A)	508		31,902
Griffon Corp.	755		57,493
Hayward Holdings, Inc. (A)	3,566		53,918
Insteel Industries, Inc.	356		13,649
Janus International Group, Inc. (A)	2,348		23,175
JELD-WEN Holding, Inc. (A)	1,719		8,440
Johnson Controls International PLC	10,643		1,170,198
Lennox International, Inc.	569		301,206
Masco Corp.	3,374		237,496
Masterbrand, Inc. (A)	2,297		30,251
Owens Corning	1,349		190,830
Quanex Building Products Corp.	837		11,902
Resideo Technologies, Inc. (A)	2,444		105,532
Simpson Manufacturing Company, Inc.	681		114,040
Trane Technologies PLC	3,618		1,526,651
Trex Company, Inc. (A)	1,745		90,164
UFP Industries, Inc.	989		92,462
Zurn Elkay Water Solutions Corp.	2,754		129,521
			6,534,483
Commercial services and supplies – 0.6%
ABM Industries, Inc.	1,019		46,996
ACCO Brands Corp.	2,016		8,044
ACV Auctions, Inc., Class A (A)	2,931		29,046
Bitcoin Depot, Inc. (A)	571		1,919
Brady Corp., Class A	742		57,898
BrightView Holdings, Inc. (A)	1,726		23,128
Casella Waste Systems, Inc., Class A (A)	1,037		98,391
CECO Environmental Corp. (A)	588		30,106
Cimpress PLC (A)	418		26,351
Cintas Corp.	6,566		1,347,737
Clean Harbors, Inc. (A)	868		201,567
Copart, Inc. (A)	15,737		707,693
CoreCivic, Inc. (A)	1,764		35,897
Deluxe Corp.	808		15,643
Driven Brands Holdings, Inc. (A)	2,837		45,704
Ennis, Inc.	637		11,644
Enviri Corp. (A)	1,416		17,969
Healthcare Services Group, Inc. (A)	1,268		21,340
HNI Corp.	760		35,606
Interface, Inc.	1,009		29,200
Liquidity Services, Inc. (A)	549		15,059
MillerKnoll, Inc.	1,201		21,306
Montrose Environmental Group, Inc. (A)	598		16,421
MSA Safety, Inc.	638		109,781
Odyssey Marine Exploration, Inc. (A)	930		1,814
OPENLANE, Inc. (A)	1,774		51,056
Pitney Bowes, Inc.	2,825		32,233
RB Global, Inc.	3,024		327,681
Republic Services, Inc.	5,091		1,168,283

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Commercial services and supplies (continued)
Rollins, Inc.	7,943	$	466,572
Steelcase, Inc., Class A	1,933		33,248
Tetra Tech, Inc.	4,291		143,234
The Brink's Company	678		79,231
The GEO Group, Inc. (A)	2,314		47,414
UniFirst Corp.	253		42,299
Veralto Corp.	4,033		429,958
Vestis Corp.	2,475		11,212
Waste Management, Inc.	6,564		1,449,528
			7,238,209
Construction and engineering – 0.4%
AECOM	2,151		280,641
Ameresco, Inc., Class A (A)	594		19,947
API Group Corp. (A)	6,792		233,441
Arcosa, Inc.	819		76,748
Argan, Inc.	226		61,031
Bowman Consulting Group, Ltd. (A)	320		13,555
Centuri Holdings, Inc. (A)	1,519		32,157
Comfort Systems USA, Inc.	574		473,653
Concrete Pumping Holdings, Inc.	866		6,105
Construction Partners, Inc., Class A (A)	776		98,552
Dycom Industries, Inc. (A)	470		137,127
EMCOR Group, Inc.	726		471,566
Everus Construction Group, Inc. (A)	841		72,116
Fluor Corp. (A)	2,618		110,139
Granite Construction, Inc.	701		76,865
Great Lakes Dredge & Dock Corp. (A)	1,279		15,335
IES Holdings, Inc. (A)	325		129,236
Limbach Holdings, Inc. (A)	195		18,938
MasTec, Inc. (A)	1,282		272,822
Matrix Service Company (A)	450		5,886
MYR Group, Inc. (A)	264		54,920
NWPX Infrastructure, Inc. (A)	199		10,533
Orion Group Holdings, Inc. (A)	765		6,365
Primoris Services Corp.	877		120,438
Quanta Services, Inc.	2,395		992,536
Sterling Infrastructure, Inc. (A)	495		168,142
Tutor Perini Corp. (A)	869		56,998
Valmont Industries, Inc.	320		124,074
WillScot Holdings Corp.	2,957		62,422
			4,202,288
Electrical equipment – 1.0%
Acuity, Inc.	501		172,539
Allient, Inc.	318		14,231
American Superconductor Corp. (A)	745		44,246
AMETEK, Inc.	3,768		708,384
Amprius Technologies, Inc. (A)	2,074		21,818
Array Technologies, Inc. (A)	2,570		20,946
Atkore, Inc.	561		35,197
Babcock & Wilcox Enterprises, Inc. (A)	1,841		5,339
Blink Charging Company (A)(C)	2,462		4,038
Bloom Energy Corp., Class A (A)	3,814		322,550
ChargePoint Holdings, Inc. (A)(C)	498		5,438
Eaton Corp. PLC	6,341		2,373,119
Emerson Electric Company	9,175		1,203,577
Energy Vault Holdings, Inc. (A)	2,981		8,854
EnerSys	621		70,148
Enovix Corp. (A)(C)	3,277		32,672
Eos Energy Enterprises, Inc. (A)(C)	4,606		52,462
Fluence Energy, Inc. (A)	2,247		24,268
FuelCell Energy, Inc. (A)(C)	445		3,471
GE Vernova, Inc.	4,433		2,725,852
Generac Holdings, Inc. (A)	958		160,369
GrafTech International, Ltd. (A)(C)	498		6,384
Hubbell, Inc.	864		371,788

 

271

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electrical equipment (continued)
KULR Technology Group, Inc. (A)	722	$	3,004
LSI Industries, Inc.	637		15,040
NANO Nuclear Energy, Inc. (A)	682		26,298
NEXTracker, Inc., Class A (A)	2,416		178,760
NuScale Power Corp. (A)(C)	2,186		78,696
nVent Electric PLC	2,629		259,325
Pioneer Power Solutions, Inc.	592		2,557
Plug Power, Inc. (A)(C)	19,108		44,522
Powell Industries, Inc.	197		60,048
Power Solutions International, Inc. (A)	378		37,127
Preformed Line Products Company	90		17,654
Regal Rexnord Corp.	1,087		155,919
Rockwell Automation, Inc.	1,832		640,339
Sensata Technologies Holding PLC	2,384		72,831
SES AI Corp. (A)	5,595		9,344
Shoals Technologies Group, Inc., Class A (A)	2,810		20,822
SolarMax Technology, Inc. (A)	1,439		1,511
Stem, Inc. (A)(C)	159		2,786
SunPower Corp. (A)(B)	3,027		0
Sunrun, Inc. (A)	3,783		65,408
Thermon Group Holdings, Inc. (A)	660		17,635
Vertiv Holdings Company, Class A	6,216		937,746
Vicor Corp. (A)	574		28,539
			11,063,601
Ground transportation – 0.8%
ArcBest Corp.	376		26,271
Avis Budget Group, Inc. (A)	574		92,170
Covenant Logistics Group, Inc.	332		7,191
CSX Corp.	30,282		1,075,314
FTAI Infrastructure, Inc.	2,087		9,099
Heartland Express, Inc.	1,807		15,143
Hertz Global Holdings, Inc. (A)(C)	5,159		35,081
JB Hunt Transport Services, Inc.	1,564		209,842
Knight-Swift Transportation Holdings, Inc.	2,583		102,054
Landstar System, Inc.	560		68,634
Lyft, Inc., Class A (A)	6,481		142,647
Marten Transport, Ltd.	1,985		21,160
Norfolk Southern Corp.	3,647		1,095,595
Old Dominion Freight Line, Inc.	3,414		480,623
RXO, Inc. (A)	2,736		42,080
Ryder System, Inc.	649		122,427
Saia, Inc. (A)	433		129,623
Schneider National, Inc., Class B	1,622		34,322
Uber Technologies, Inc. (A)	33,937		3,324,808
U-Haul Holding Company (A)	304		17,349
U-Haul Holding Company, Series N	2,966		150,969
Union Pacific Corp.	9,647		2,280,261
Universal Logistics Holdings, Inc.	424		9,939
Werner Enterprises, Inc.	1,048		27,583
XPO, Inc. (A)	1,914		247,423
			9,767,608
Industrial conglomerates – 0.3%
3M Company	8,663		1,344,324
Brookfield Business Corp., Class A	1,236		41,443
Honeywell International, Inc.	10,326		2,173,623
			3,559,390
Machinery – 1.7%
3D Systems Corp. (A)(C)	2,448		7,099
Aebi Schmidt Holding AG	1,320		16,460
AGCO Corp.	1,219		130,518
AgEagle Aerial Systems, Inc. (A)(C)	715		1,437
Alamo Group, Inc.	198		37,798

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Albany International Corp., Class A	516	$	27,503
Allison Transmission Holdings, Inc.	1,352		114,758
Astec Industries, Inc.	413		19,878
Atmus Filtration Technologies, Inc.	1,321		59,564
Blue Bird Corp. (A)	513		29,523
Caterpillar, Inc.	7,626		3,638,746
Chart Industries, Inc. (A)	727		145,509
Cleancore Solutions, Inc. (A)	420		848
CNH Industrial NV	20,386		221,188
Columbus McKinnon Corp.	642		9,206
Crane Company	941		173,276
Cummins, Inc.	2,240		946,109
Deere & Company	4,403		2,013,316
Donaldson Company, Inc.	1,914		156,661
Douglas Dynamics, Inc.	429		13,411
Dover Corp.	2,206		368,027
Energy Recovery, Inc. (A)	985		15,189
Enerpac Tool Group Corp.	905		37,105
Enpro, Inc.	351		79,326
Esab Corp.	1,017		113,640
ESCO Technologies, Inc.	427		90,144
Federal Signal Corp.	988		117,562
Flowserve Corp.	2,098		111,488
Fortive Corp.	5,459		267,436
Franklin Electric Company, Inc.	761		72,447
Gates Industrial Corp. PLC (A)	4,179		103,723
Graco, Inc.	2,736		232,451
Graham Corp. (A)	204		11,200
Helios Technologies, Inc.	578		30,131
Hillenbrand, Inc.	1,226		33,151
Hillman Solutions Corp. (A)	3,472		31,873
Hyster-Yale, Inc.	262		9,657
IDEX Corp.	1,222		198,893
Illinois Tool Works, Inc.	4,770		1,243,825
Ingersoll Rand, Inc.	6,460		533,725
ITT, Inc.	1,272		227,383
JBT Marel Corp.	852		119,663
Kadant, Inc.	193		57,433
Kennametal, Inc.	1,327		27,774
Lincoln Electric Holdings, Inc.	902		212,719
Lindsay Corp.	185		26,004
Microvast Holdings, Inc. (A)(C)	5,386		20,736
Miller Industries, Inc.	236		9,539
Mueller Industries, Inc.	1,790		180,987
Mueller Water Products, Inc., Class A	2,584		65,944
Nordson Corp.	912		206,978
Omega Flex, Inc.	176		5,489
Oshkosh Corp.	1,037		134,499
Otis Worldwide Corp.	6,395		584,695
PACCAR, Inc.	8,554		841,029
Parker-Hannifin Corp.	2,058		1,560,273
Pentair PLC	2,639		292,296
Perma-Pipe International Holdings, Inc. (A)	168		3,936
Proto Labs, Inc. (A)	430		21,513
RBC Bearings, Inc. (A)	518		202,170
REV Group, Inc.	792		44,883
Richtech Robotics, Inc., Class B (A)(C)	1,846		7,919
Snap-on, Inc.	843		292,125
SPX Technologies, Inc. (A)	765		142,887
Standex International Corp.	205		43,440
Stanley Black & Decker, Inc.	2,509		186,494
Stratasys, Ltd. (A)	1,592		17,830
Symbotic, Inc. (A)(C)	1,823		98,260
Tennant Company	332		26,912

 

272

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Machinery (continued)
Terex Corp.	1,048	$	53,762
The Gorman-Rupp Company	429		19,910
The Greenbrier Companies, Inc.	508		23,454
The Manitowoc Company, Inc. (A)	738		7,387
The Middleby Corp. (A)	821		109,136
The Timken Company	1,127		84,728
The Toro Company	1,588		121,006
Titan International, Inc. (A)	1,238		9,359
Trinity Industries, Inc.	1,342		37,630
Wabash National Corp.	899		8,873
Wabtec Corp.	2,776		556,505
Watts Water Technologies, Inc., Class A	448		125,117
Worthington Enterprises, Inc.	860		47,721
Xylem, Inc.	3,965		584,838
			18,915,037
Marine transportation – 0.0%
Costamare, Inc.	2,091		24,904
Genco Shipping & Trading, Ltd.	791		14,080
Kirby Corp. (A)	919		76,691
Matson, Inc.	522		51,464
Vantage Corp. (A)	526		3,840
			170,979
Passenger airlines – 0.2%
Alaska Air Group, Inc. (A)	1,866		92,889
Allegiant Travel Company (A)	315		19,143
American Airlines Group, Inc. (A)	10,649		119,695
Delta Air Lines, Inc.	10,594		601,210
Frontier Group Holdings, Inc. (A)	3,899		17,214
JetBlue Airways Corp. (A)	6,062		29,825
Joby Aviation, Inc. (A)	13,988		225,766
SkyWest, Inc. (A)	657		66,107
Southwest Airlines Company	8,536		272,384
Strata Critical Medical, Inc. (A)	1,559		7,889
Sun Country Airlines Holdings, Inc. (A)	912		10,771
Surf Air Mobility, Inc. (A)	769		3,299
United Airlines Holdings, Inc. (A)	5,257		507,301
Wheels Up Experience, Inc. (A)	11,640		21,418
			1,994,911
Professional services – 0.7%
Acuren Corp. (A)	219		2,915
Alight, Inc., Class A	8,994		29,320
Amentum Holdings, Inc. (A)	3,998		95,752
Automatic Data Processing, Inc.	6,594		1,935,339
Barrett Business Services, Inc.	481		21,318
BlackSky Technology, Inc. (A)	606		12,211
Booz Allen Hamilton Holding Corp.	2,000		199,900
Broadridge Financial Solutions, Inc.	1,908		454,428
CACI International, Inc., Class A (A)	358		178,563
CBIZ, Inc. (A)	900		47,664
Clarivate PLC (A)	11,253		43,099
Concentrix Corp.	1,032		47,627
Conduent, Inc. (A)	3,225		9,030
CRA International, Inc.	111		23,147
CSG Systems International, Inc.	476		30,645
Dayforce, Inc. (A)	2,565		176,703
Equifax, Inc.	2,015		516,908
ExlService Holdings, Inc. (A)	2,610		114,918
Exponent, Inc.	848		58,919
First Advantage Corp. (A)	2,963		45,601
Franklin Covey Company (A)	309		5,998
FTI Consulting, Inc. (A)	530		85,675
Genpact, Ltd.	2,825		118,339
Heidrick & Struggles International, Inc.	362		18,017
Huron Consulting Group, Inc. (A)	282		41,389

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Professional services (continued)
IBEX Holdings, Ltd. (A)	261	$	10,576
ICF International, Inc.	308		28,582
Innodata, Inc. (A)	519		39,999
Insperity, Inc.	633		31,144
Jacobs Solutions, Inc.	1,941		290,878
KBR, Inc.	2,078		98,269
Kelly Services, Inc., Class A	680		8,922
Kforce, Inc.	357		10,703
Korn Ferry	839		58,713
Legalzoom.com, Inc. (A)	3,009		31,233
Leidos Holdings, Inc.	2,086		394,171
ManpowerGroup, Inc.	778		29,486
Maximus, Inc.	918		83,878
Parsons Corp. (A)	1,737		144,032
Paychex, Inc.	5,859		742,687
Paycom Software, Inc.	942		196,068
Paylocity Holding Corp. (A)	897		142,865
Planet Labs PBC (A)	4,670		60,617
Resolute Holdings Management, Inc. (A)	149		10,750
Robert Half, Inc.	1,637		55,625
Science Applications International Corp.	752		74,726
Spire Global, Inc. (A)	597		6,561
SS&C Technologies Holdings, Inc.	3,966		352,022
TaskUS, Inc., Class A (A)	663		11,835
TransUnion	3,169		265,499
TriNet Group, Inc.	799		53,445
UL Solutions, Inc., Class A	1,042		73,836
Upwork, Inc. (A)	2,147		39,870
Verisk Analytics, Inc.	2,276		572,437
Verra Mobility Corp. (A)	2,620		64,714
Willdan Group, Inc. (A)	243		23,496
			8,321,064
Trading companies and distributors – 0.5%
Air Lease Corp.	1,813		115,397
Applied Industrial Technologies, Inc.	607		158,457
BlueLinx Holdings, Inc. (A)	153		11,181
Boise Cascade Company	615		47,552
Core & Main, Inc., Class A (A)	3,091		166,389
Custom Truck One Source, Inc. (A)	4,061		26,072
Distribution Solutions Group, Inc. (A)	760		22,861
DNOW, Inc. (A)	1,790		27,298
DXP Enterprises, Inc. (A)	261		31,077
Fastenal Company	18,689		916,509
Ferguson Enterprises, Inc.	3,207		720,228
FTAI Aviation, Ltd.	1,670		278,656
GATX Corp.	586		102,433
Global Industrial, Inc.	764		28,016
Herc Holdings, Inc.	546		63,696
Hudson Technologies, Inc. (A)	815		8,093
Karat Packaging, Inc.	320		8,067
McGrath RentCorp	414		48,562
MRC Global, Inc. (A)	1,483		21,385
MSC Industrial Direct Company, Inc., Class A	894		82,373
NPK International, Inc. (A)	1,544		17,463
QXO, Inc. (A)	10,981		209,298
Rush Enterprises, Inc., Class A	1,244		66,517
SiteOne Landscape Supply, Inc. (A)	734		94,539
Titan Machinery, Inc. (A)	473		7,918
Transcat, Inc. (A)	165		12,078
United Rentals, Inc.	1,045		997,620
W.W. Grainger, Inc.	777		740,450
Watsco, Inc.	569		230,047
WESCO International, Inc.	780		164,970
Willis Lease Finance Corp.	114		15,628

 

273

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Trading companies and distributors (continued)
Xometry, Inc., Class A (A)	814	$	44,339
			5,485,169
Transportation infrastructure – 0.0%
Corp America Airports SA (A)	2,798		50,700
			104,926,652
Information technology – 31.3%
Communications equipment – 0.9%
ADTRAN Holdings, Inc. (A)	1,491		13,986
Applied Optoelectronics, Inc. (A)	1,024		26,552
Arista Networks, Inc. (A)	20,467		2,982,247
BK Technologies Corp. (A)	71		5,998
Calix, Inc. (A)	1,070		65,666
Ciena Corp. (A)	2,298		334,750
Cisco Systems, Inc.	64,470		4,411,037
Clearfield, Inc. (A)	269		9,248
CommScope Holding Company, Inc. (A)	3,614		55,945
Digi International, Inc. (A)	655		23,881
Extreme Networks, Inc. (A)	2,190		45,224
F5, Inc. (A)	934		301,859
Harmonic, Inc. (A)	1,937		19,719
Lumentum Holdings, Inc. (A)	1,139		185,327
Motorola Solutions, Inc.	2,714		1,241,085
NETGEAR, Inc. (A)	517		16,746
NetScout Systems, Inc. (A)	1,258		32,494
Ondas Holdings, Inc. (A)	4,470		34,508
Powerwave Technologies, Inc. (A)(B)	912		0
Ribbon Communications, Inc. (A)	2,810		10,678
Ubiquiti, Inc.	987		651,992
Viasat, Inc. (A)	2,202		64,519
Viavi Solutions, Inc. (A)	3,770		47,841
			10,581,302
Electronic equipment, instruments and components – 0.9%
Advanced Energy Industries, Inc.	617		104,976
Aeva Technologies, Inc. (A)	940		13,630
AEye, Inc. (A)	798		1,987
Amphenol Corp., Class A	19,879		2,460,026
Arlo Technologies, Inc. (A)	1,726		29,256
Arrow Electronics, Inc. (A)	832		100,672
Avnet, Inc.	1,331		69,585
Badger Meter, Inc.	480		85,718
Bel Fuse, Inc., Class B	197		27,781
Belden, Inc.	644		77,454
Benchmark Electronics, Inc.	609		23,477
CDW Corp.	2,126		338,629
Climb Global Solutions, Inc.	84		11,327
Cognex Corp.	2,758		124,937
Coherent Corp. (A)	2,535		273,070
Corning, Inc.	13,951		1,144,401
Crane NXT Company	955		64,052
CTS Corp.	528		21,088
Daktronics, Inc. (A)	829		17,343
ePlus, Inc.	446		31,670
Evolv Technologies Holdings, Inc. (A)	2,863		21,616
Fabrinet (A)	581		211,844
Flex, Ltd. (A)	6,085		352,747
Frequency Electronics, Inc. (A)	190		6,443
Ingram Micro Holding Corp. (C)	3,932		84,499
Insight Enterprises, Inc. (A)	515		58,406
IPG Photonics Corp. (A)	718		56,858
Itron, Inc. (A)	743		92,548
Jabil, Inc.	1,743		378,527
Keysight Technologies, Inc. (A)	2,795		488,901
Kimball Electronics, Inc. (A)	467		13,945
Knowles Corp. (A)	1,483		34,569

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
LightPath Technologies, Inc. (A)	879	$	6,970
Lightwave Logic, Inc. (A)	2,336		8,667
Littelfuse, Inc.	409		105,935
Methode Electronics, Inc.	779		5,881
MicroVision, Inc. (A)(C)	5,593		6,935
Mirion Technologies, Inc. (A)	3,736		86,899
Napco Security Technologies, Inc.	589		25,298
nLight, Inc. (A)	861		25,511
Novanta, Inc. (A)	591		59,189
OSI Systems, Inc. (A)	273		68,043
Ouster, Inc. (A)	951		25,725
PAR Technology Corp. (A)	681		26,954
PC Connection, Inc.	459		28,453
Plexus Corp. (A)	443		64,098
Powerfleet, Inc. (A)	2,309		12,099
Ralliant Corp.	1,836		80,288
Red Cat Holdings, Inc. (A)(C)	1,641		16,984
Rogers Corp. (A)	308		24,782
Sanmina Corp. (A)	872		100,376
ScanSource, Inc. (A)	370		16,276
TD SYNNEX Corp.	1,334		218,443
TE Connectivity PLC	4,808		1,055,500
Teledyne Technologies, Inc. (A)	761		445,976
Trimble, Inc. (A)	3,877		316,557
TTM Technologies, Inc. (A)	1,689		97,286
Unusual Machines, Inc.  (A)	516		7,792
Vishay Intertechnology, Inc.	2,104		32,191
Vishay Precision Group, Inc. (A)	293		9,391
Vontier Corp.	2,398		100,644
Vuzix Corp. (A)(C)	1,532		4,795
Zebra Technologies Corp., Class A (A)	825		245,157
			10,151,077
IT services – 1.2%
Accenture PLC, Class A	10,145		2,501,757
Akamai Technologies, Inc. (A)	2,327		176,294
Amdocs, Ltd.	1,806		148,182
Applied Digital Corp. (A)	4,264		97,816
ASGN, Inc. (A)	734		34,755
Backblaze, Inc., Class A (A)	1,046		9,707
BigBear.ai Holdings, Inc. (A)(C)	6,080		39,642
Cloudflare, Inc., Class A (A)	5,094		1,093,121
Cognizant Technology Solutions Corp., Class A	7,934		532,133
Commerce.com, Inc., Series 1 (A)	1,730		8,633
CoreWeave, Inc., Class A (A)	6,031		825,342
DigitalOcean Holdings, Inc. (A)	1,485		50,728
DXC Technology Company (A)	2,958		40,318
EPAM Systems, Inc. (A)	908		136,917
Fastly, Inc., Class A (A)	2,515		21,503
Gartner, Inc. (A)	1,234		324,382
Globant SA (A)	723		41,486
GoDaddy, Inc., Class A (A)	2,248		307,594
Grid Dynamics Holdings, Inc. (A)	1,606		12,382
IBM Corp.	15,168		4,279,803
Kyndryl Holdings, Inc. (A)	3,787		113,724
MongoDB, Inc. (A)	1,325		411,254
Okta, Inc. (A)	2,741		251,350
Snowflake, Inc. (A)	5,433		1,225,413
The Hackett Group, Inc.	644		12,242
TSS, Inc. (A)	472		8,548
Twilio, Inc., Class A (A)	2,503		250,525
VeriSign, Inc.	1,520		424,946

 

274

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
IT services (continued)
XTI Aerospace, Inc. (A)	512	$	753
			13,381,250
Semiconductors and semiconductor equipment – 11.6%
ACM Research, Inc., Class A (A)	969		37,917
Advanced Micro Devices, Inc. (A)	26,411		4,273,036
Aehr Test Systems (A)	499		15,025
Aeluma, Inc. (A)	286		4,605
Allegro MicroSystems, Inc. (A)	3,036		88,651
Alpha & Omega Semiconductor, Ltd. (A)	521		14,567
Ambarella, Inc. (A)	698		57,599
Ambiq Micro, Inc. (A)	311		9,305
Amkor Technology, Inc.	4,045		114,878
Analog Devices, Inc.	8,008		1,967,566
Applied Materials, Inc.	12,956		2,652,611
Astera Labs, Inc. (A)	2,706		529,835
Axcelis Technologies, Inc. (A)	511		49,894
Blaize Holdings, Inc. (A)(C)	1,847		6,372
Broadcom, Inc.	76,565		25,259,559
CEVA, Inc. (A)	451		11,911
Cirrus Logic, Inc. (A)	836		104,742
Cohu, Inc. (A)	871		17,707
Credo Technology Group Holding, Ltd. (A)	2,817		410,183
Diodes, Inc. (A)	791		42,089
Enphase Energy, Inc. (A)	2,132		75,451
Entegris, Inc.	2,461		227,544
First Solar, Inc. (A)	1,746		385,045
FormFactor, Inc. (A)	1,291		47,018
GlobalFoundries, Inc. (A)	9,058		324,639
Ichor Holdings, Ltd. (A)	664		11,633
Impinj, Inc. (A)	474		85,676
Indie Semiconductor, Inc., Class A (A)(C)	3,506		14,269
Intel Corp. (A)	71,263		2,390,874
KLA Corp.	2,145		2,313,597
Kopin Corp. (A)	3,005		7,302
Kulicke & Soffa Industries, Inc.	875		35,560
Lam Research Corp.	20,576		2,755,126
Lattice Semiconductor Corp. (A)	2,228		163,357
MACOM Technology Solutions Holdings, Inc. (A)	1,218		151,629
Marvell Technology, Inc.	14,034		1,179,838
MaxLinear, Inc. (A)	1,476		23,734
Microchip Technology, Inc.	8,783		564,044
Micron Technology, Inc.	18,214		3,047,566
MKS, Inc.	1,086		134,414
Monolithic Power Systems, Inc.	779		717,179
Navitas Semiconductor Corp. (A)(C)	3,545		25,595
NVIDIA Corp.	395,541		73,800,003
NXP Semiconductors NV	4,099		933,465
ON Semiconductor Corp. (A)	6,652		328,010
Onto Innovation, Inc. (A)	794		102,601
PDF Solutions, Inc. (A)	803		20,733
Penguin Solutions, Inc. (A)	883		23,205
Photronics, Inc. (A)	1,001		22,973
Power Integrations, Inc.	969		38,963
Qorvo, Inc. (A)	1,506		137,166
Qualcomm, Inc.	17,558		2,920,949
Rambus, Inc. (A)	1,755		182,871
Rigetti Computing, Inc. (A)	5,285		157,440
Semtech Corp. (A)	1,415		101,102
Silicon Laboratories, Inc. (A)	541		70,941
SiTime Corp. (A)	426		128,358
SkyWater Technology, Inc. (A)	860		16,048
Skyworks Solutions, Inc.	2,404		185,060

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Semiconductors and semiconductor equipment (continued)
Synaptics, Inc. (A)	642	$	43,874
Teradyne, Inc.	2,584		355,662
Texas Instruments, Inc.	14,803		2,719,755
Ultra Clean Holdings, Inc. (A)	825		22,481
Universal Display Corp.	776		111,457
Veeco Instruments, Inc. (A)	1,017		30,947
Wolfspeed, Inc. (A)	22		633
Wolfspeed, Inc. (A)(B)	2,650		2,809
			132,806,648
Software – 10.8%
A10 Networks, Inc.	1,278		23,196
ACI Worldwide, Inc. (A)	1,697		89,551
Adeia, Inc.	1,903		31,970
Adobe, Inc. (A)	6,904		2,435,386
Agilysys, Inc. (A)	462		48,626
Airship AI Holdings, Inc. (A)	579		2,993
Alarm.com Holdings, Inc. (A)	845		44,853
Alkami Technology, Inc. (A)	1,730		42,973
Amplitude, Inc., Class A (A)	1,937		20,765
Appfolio, Inc., Class A (A)	375		103,373
Appian Corp., Class A (A)	740		22,622
AppLovin Corp., Class A (A)	5,008		3,598,448
Arteris, Inc. (A)	918		9,272
Asana, Inc., Class A (A)	2,604		34,789
Atlassian Corp., Class A (A)	2,710		432,787
Aurora Innovation, Inc. (A)	24,672		132,982
Autodesk, Inc. (A)	3,471		1,102,633
AvePoint, Inc. (A)	3,624		54,396
Bentley Systems, Inc., Class B	4,800		247,104
BILL Holdings, Inc. (A)	1,659		87,877
Bit Digital, Inc. (A)	5,391		16,173
Bit Origin Ltd. (A)	2,070		792
Bitdeer Technologies Group, Class A (A)	2,504		42,793
BitMine Immersion Technologies, Inc. (A)	2,828		146,858
Blackbaud, Inc. (A)	841		54,085
Blackline, Inc. (A)	1,023		54,321
Blend Labs, Inc., Class A (A)	4,401		16,064
Box, Inc., Class A (A)	2,363		76,254
Braze, Inc., Class A (A)	1,632		46,414
BTCS, Inc. (A)(C)	881		4,255
c3.ai, Inc., Class A (A)	2,191		37,992
Cadence Design Systems, Inc. (A)	4,437		1,558,541
CCC Intelligent Solutions Holdings, Inc. (A)	10,748		97,914
Cerence, Inc. (A)	756		9,420
Cipher Mining, Inc. (A)	6,418		80,803
Circle Internet Group, Inc. (A)(C)	3,449		457,268
CleanSpark, Inc. (A)	4,580		66,410
Clear Secure, Inc., Class A	1,552		51,806
Clearwater Analytics Holdings, Inc., Class A (A)	4,700		84,694
CommVault Systems, Inc. (A)	725		136,866
Confluent, Inc., Class A (A)	4,796		94,961
Consensus Cloud Solutions, Inc. (A)	358		10,514
Core Scientific, Inc. (A)(C)	4,991		89,539
Crowdstrike Holdings, Inc., Class A (A)	4,084		2,002,712
CYNGN, Inc. (A)	150		905
Daily Journal Corp. (A)	24		11,163
Datadog, Inc., Class A (A)	5,261		749,166
Digi Power X, Inc. (A)	999		2,288
Digital Turbine, Inc. (A)	1,841		11,782
DocuSign, Inc. (A)	3,291		237,248
Dolby Laboratories, Inc., Class A	1,018		73,673
Domo, Inc., Class B (A)	673		10,660

 

275

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Dropbox, Inc., Class A (A)	2,994	$	90,449
D-Wave Quantum, Inc. (A)	5,520		136,399
Dynatrace, Inc. (A)	4,917		238,229
Elastic NV (A)	1,731		146,252
EverCommerce, Inc. (A)(C)	2,979		33,156
Exodus Movement, Inc. (A)	175		4,862
Fair Isaac Corp. (A)	391		585,143
Figma, Inc., Class A (A)(C)	6,680		346,492
Five9, Inc. (A)	1,276		30,879
Fortinet, Inc. (A)	12,487		1,049,907
Freshworks, Inc., Class A (A)	3,956		46,562
Gen Digital, Inc.	10,043		285,121
Gitlab, Inc., Class A (A)	2,415		108,868
Guidewire Software, Inc. (A)	1,374		315,828
HubSpot, Inc. (A)	857		400,905
Hut 8 Corp. (A)	1,725		60,047
i3 Verticals, Inc., Class A (A)	460		14,932
Informatica, Inc., Class A (A)	4,267		105,992
Intapp, Inc. (A)	1,353		55,338
InterDigital, Inc.	421		145,342
Intuit, Inc.	4,540		3,100,411
Jamf Holding Corp. (A)	2,332		24,952
JFrog, Ltd. (A)	21		994
Klaviyo, Inc., Class A (A)	1,938		53,663
Life360, Inc. (A)(C)	1,271		135,107
LivePerson, Inc. (A)	2,565		1,496
LiveRamp Holdings, Inc. (A)	1,139		30,912
Manhattan Associates, Inc. (A)	985		201,905
MARA Holdings, Inc. (A)	6,032		110,144
MeridianLink, Inc. (A)	1,377		27,444
MicroCloud Hologram, Inc. (A)	3,105		15,308
Microsoft Corp.	121,000		62,671,950
Mitek Systems, Inc. (A)	881		8,607
N-able, Inc. (A)	3,493		27,245
NCino, Inc. (A)	1,912		51,834
NCR Voyix Corp. (A)	2,330		29,242
Next Technology Holding, Inc. (A)	50		1,245
NextNav, Inc. (A)	2,229		31,875
Nutanix, Inc., Class A (A)	4,366		324,787
OneSpan, Inc.	699		11,107
Onestream, Inc. (A)	1,515		27,921
Ooma, Inc. (A)	431		5,168
Oracle Corp.	45,731		12,861,386
PagerDuty, Inc. (A)	1,604		26,498
Palantir Technologies, Inc., Class A (A)	37,018		6,752,824
Palo Alto Networks, Inc. (A)	10,887		2,216,811
Pegasystems, Inc.	2,795		160,713
Pivotal Software, Inc. (A)(B)	6,091		0
Porch Group, Inc. (A)	1,718		28,828
Procore Technologies, Inc. (A)	2,445		178,289
Progress Software Corp. (A)	721		31,674
PROS Holdings, Inc. (A)	881		20,184
PTC, Inc. (A)	1,953		396,498
Q2 Holdings, Inc. (A)	1,020		73,838
Qualys, Inc. (A)	590		78,075
Rapid7, Inc. (A)	1,144		21,450
Red Violet, Inc.	271		14,160
RingCentral, Inc., Class A (A)	1,329		37,664
Riot Platforms, Inc. (A)	6,028		114,713
Roper Technologies, Inc.	1,754		874,702
Rubrik, Inc., Class A (A)	2,019		166,063
Sailpoint, Inc. (A)	9,128		201,546
Salesforce, Inc.	15,499		3,673,263
Samsara, Inc., Class A (A)	4,894		182,302
SEMrush Holdings, Inc., Class A (A)	2,244		15,888

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
SentinelOne, Inc., Class A (A)	5,227	$	92,047
ServiceNow, Inc. (A)	3,386		3,116,068
ServiceTitan, Inc., Class A (A)	1,269		127,953
SoundHound AI, Inc., Class A (A)(C)	6,115		98,329
Sprinklr, Inc., Class A (A)	2,534		19,562
Sprout Social, Inc., Class A (A)	955		12,339
SPS Commerce, Inc. (A)	629		65,504
Strategy, Inc., Class A (A)	4,316		1,390,658
Synopsys, Inc. (A)	3,019		1,489,544
Telos Corp. (A)	1,319		9,022
Tenable Holdings, Inc. (A)	2,026		59,078
Teradata Corp. (A)	1,576		33,900
TeraWulf, Inc. (A)	6,656		76,012
Thumzup Media Corp. (A)	399		1,995
TON Strategy Company (A)	1,039		7,315
Tyler Technologies, Inc. (A)	706		369,351
UiPath, Inc., Class A (A)	7,481		100,096
Unity Software, Inc. (A)	6,886		275,715
Varonis Systems, Inc. (A)	1,830		105,170
Verint Systems, Inc. (A)	1,007		20,392
Veritone, Inc. (A)	1,009		4,863
Vertex, Inc., Class A (A)	1,308		32,425
Weave Communications, Inc. (A)	1,463		9,773
Workday, Inc., Class A (A)	3,533		850,499
Workiva, Inc. (A)	872		75,062
Yext, Inc. (A)	2,205		18,787
Zeta Global Holdings Corp., Class A (A)	3,486		69,267
Zoom Video Communications, Inc., Class A (A)	4,342		358,215
Zscaler, Inc. (A)	2,534		759,338
			123,770,598
Technology hardware, storage and peripherals – 5.9%
Apple, Inc.	241,569		61,510,714
CompoSecure, Inc., Class A (A)	1,692		35,227
Corsair Gaming, Inc. (A)	1,902		16,966
Dell Technologies, Inc., Class C	5,524		783,137
Diebold Nixdorf, Inc. (A)	615		35,073
Eastman Kodak Company (A)	1,541		9,878
Hewlett Packard Enterprise Company	21,445		526,689
HP, Inc.	15,144		412,371
IonQ, Inc. (A)	4,848		298,152
NetApp, Inc.	3,229		382,507
One Stop Systems, Inc. (A)	498		2,669
Pure Storage, Inc., Class A (A)	5,323		446,121
Quantum Computing, Inc. (A)(C)	2,610		48,050
Quantum Corp. (A)	250		2,480
Sandisk Corp. (A)	2,376		266,587
Seagate Technology Holdings PLC	3,458		816,295
Super Micro Computer, Inc. (A)	9,670		463,580
Turtle Beach Corp. (A)	384		6,106
Western Digital Corp.	5,641		677,258
Xerox Holdings Corp. (C)	2,297		8,637
			66,748,497
			357,439,372
Materials – 2.2%
Chemicals – 1.1%
AdvanSix, Inc.	509		9,864
Air Products & Chemicals, Inc.	3,622		987,792
Albemarle Corp.	1,925		156,079
Ashland, Inc.	763		36,555
ASP Isotopes, Inc. (A)	1,538		14,796
Aspen Aerogels, Inc. (A)	1,439		10,015
Avient Corp.	1,549		51,040
Axalta Coating Systems, Ltd. (A)	3,474		99,426

 

276

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Balchem Corp.	544	$	81,633
Cabot Corp.	846		64,338
Celanese Corp.	1,800		75,744
CF Industries Holdings, Inc.	2,627		235,642
Corteva, Inc.	11,052		747,447
CVR Nitrogen LP (A)(B)	1,086		195
Dow, Inc.	11,585		265,644
DuPont de Nemours, Inc.	6,814		530,811
Eastman Chemical Company	1,830		115,382
Ecolab, Inc.	4,625		1,266,603
Ecovyst, Inc. (A)	2,077		18,195
Element Solutions, Inc.	3,934		99,019
Flotek Industries, Inc. (A)	549		8,015
FMC Corp.	2,037		68,504
Hawkins, Inc.	342		62,490
HB Fuller Company	900		53,352
Huntsman Corp.	2,965		26,626
Ingevity Corp. (A)	619		34,163
Innospec, Inc.	449		34,645
International Flavors & Fragrances, Inc.	4,181		257,299
Intrepid Potash, Inc. (A)	282		8,624
Koppers Holdings, Inc.	421		11,788
Kronos Worldwide, Inc.	1,874		10,757
Linde PLC	7,630		3,624,250
LSB Industries, Inc. (A)	1,484		11,694
LyondellBasell Industries NV, Class A	5,215		255,744
Mativ Holdings, Inc.	975		11,027
Minerals Technologies, Inc.	542		33,669
NewMarket Corp.	154		127,544
Novusterra, Inc. (A)(B)	88		0
Olin Corp.	1,856		46,381
Orion SA	1,111		8,421
Perimeter Solutions, Inc. (A)	2,422		54,229
PPG Industries, Inc.	3,654		384,072
PureCycle Technologies, Inc. (A)(C)	2,967		39,016
Quaker Chemical Corp.	292		38,471
RPM International, Inc.	2,087		246,016
Sensient Technologies Corp.	703		65,977
Stepan Company	450		21,465
The Chemours Company	2,462		38,998
The Mosaic Company	5,168		179,226
The Scotts Miracle-Gro Company	950		54,103
The Sherwin-Williams Company	4,055		1,404,084
Tronox Holdings PLC	2,879		11,574
Valhi, Inc.	458		7,227
Westlake Corp.	2,110		162,597
			12,268,268
Construction materials – 0.3%
Amrize, Ltd. (A)	9,479		460,016
CRH PLC	10,928		1,310,267
Eagle Materials, Inc.	522		121,647
James Hardie Industries PLC (A)	9,494		182,380
Knife River Corp. (A)	930		71,489
Martin Marietta Materials, Inc.	977		615,784
Titan America SA (A)(C)	3,154		47,121
United States Lime & Minerals, Inc.	481		63,276
Vulcan Materials Company	2,143		659,230
			3,531,210
Containers and packaging – 0.2%
Amcor PLC	37,319		305,269
AptarGroup, Inc.	1,074		143,551
Ardagh Metal Packaging SA	10,268		40,969
Avery Dennison Corp.	1,246		202,064
Ball Corp.	4,435		223,613
Crown Holdings, Inc.	1,880		181,589

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Containers and packaging (continued)
Graphic Packaging Holding Company	4,765	$	93,251
Greif, Inc., Class A	460		27,490
International Paper Company	8,582		398,205
Myers Industries, Inc.	750		12,705
O-I Glass, Inc. (A)	2,626		34,059
Packaging Corp. of America	1,450		315,999
Ranpak Holdings Corp. (A)	1,762		9,902
Sealed Air Corp.	2,386		84,345
Silgan Holdings, Inc.	1,753		75,397
Smurfit WestRock PLC	8,439		359,248
Sonoco Products Company	1,567		67,522
TriMas Corp.	690		26,662
			2,601,840
Metals and mining – 0.6%
Alcoa Corp.	4,190		137,809
Alpha Metallurgical Resources, Inc. (A)	214		35,115
American Battery Technology Company (A)	1,669		8,111
Aura Minerals, Inc.	1,419		52,801
Caledonia Mining Corp. PLC	401		14,520
Carpenter Technology Corp.	809		198,642
Century Aluminum Company (A)	1,530		44,921
Cleveland-Cliffs, Inc. (A)	8,124		99,113
Coeur Mining, Inc. (A)	10,497		196,924
Commercial Metals Company	1,821		104,307
Compass Minerals International, Inc. (A)	730		14,016
Ferroglobe PLC	3,356		15,270
Freeport-McMoRan, Inc.	23,377		916,846
Hecla Mining Company	10,965		132,677
Idaho Strategic Resources, Inc. (A)	264		8,921
Inno Holdings, Inc. (A)	296		411
Ivanhoe Electric, Inc. (A)	2,449		30,735
Kaiser Aluminum Corp.	278		21,450
Lifezone Metals, Ltd. (A)	1,317		7,217
MAC Copper, Ltd. (A)	1,489		18,181
Materion Corp.	345		41,679
McEwen, Inc. (A)	997		17,049
Metallus, Inc. (A)	836		13,819
MP Materials Corp. (A)	2,889		193,765
Newmont Corp.	17,896		1,508,812
NioCorp Developments, Ltd. (A)	761		5,083
Nucor Corp.	3,730		505,154
Olympic Steel, Inc.	248		7,552
Pan American Silver Corp. (A)	7,232		2,530
Perpetua Resources Corp. (A)	1,797		36,353
Ramaco Resources, Inc., Class A (A)	949		31,497
ReElement Technologies Corp. (A)(B)	354		0
Reliance, Inc.	854		239,829
Royal Gold, Inc.	1,081		216,827
Ryerson Holding Corp.	617		14,105
Southern Copper Corp.	13,243		1,607,170
Steel Dynamics, Inc.	2,384		332,401
SunCoke Energy, Inc.	1,503		12,264
United States Antimony Corp. (A)	2,161		13,398
US Gold Corp. (A)	342		5,636
USA Rare Earth, Inc. (A)(C)	1,617		27,796
Warrior Met Coal, Inc.	870		55,367
Worthington Steel, Inc.	887		26,956
			6,973,029
Paper and forest products – 0.0%
Clearwater Paper Corp. (A)	309		6,415
Louisiana-Pacific Corp.	1,134		100,745
Magnera Corp. (A)	683		8,005

 

277

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Paper and forest products (continued)
Sylvamo Corp.	670	$	29,627
			144,792
			25,519,139
Real estate – 2.2%
Diversified REITs – 0.1%
Alexander & Baldwin, Inc.	1,553		28,249
American Assets Trust, Inc.	1,152		23,409
Armada Hoffler Properties, Inc.	1,460		10,235
Broadstone Net Lease, Inc.	3,156		56,398
CTO Realty Growth, Inc.	891		14,523
Essential Properties Realty Trust, Inc.	3,124		92,970
Gladstone Commercial Corp.	1,144		14,094
Global Net Lease, Inc.	4,033		32,788
One Liberty Properties, Inc.	365		8,074
WP Carey, Inc.	3,563		240,752
			521,492
Health care REITs – 0.3%
Alexandria Real Estate Equities, Inc.	2,806		233,852
American Healthcare REIT, Inc.	2,752		115,612
CareTrust REIT, Inc.	3,619		125,507
Community Healthcare Trust, Inc.	604		9,241
Diversified Healthcare Trust	4,326		19,078
Global Medical REIT, Inc.	281		9,473
Healthcare Realty Trust, Inc.	5,794		104,466
Healthpeak Properties, Inc.	11,245		215,342
LTC Properties, Inc.	766		28,235
Medical Properties Trust, Inc.	9,956		50,477
National Health Investors, Inc.	784		62,328
Omega Healthcare Investors, Inc.	4,764		201,136
Sabra Health Care REIT, Inc.	3,880		72,323
Sila Realty Trust, Inc.	923		23,167
Universal Health Realty Income Trust	229		8,970
Ventas, Inc.	7,406		518,346
Welltower, Inc.	10,885		1,939,054
			3,736,607
Hotel and resort REITs – 0.0%
Apple Hospitality REIT, Inc.	3,442		41,338
DiamondRock Hospitality Company	3,444		27,414
Host Hotels & Resorts, Inc.	10,794		183,714
Park Hotels & Resorts, Inc.	3,040		33,683
Pebblebrook Hotel Trust	1,909		21,744
RLJ Lodging Trust	2,362		17,006
Ryman Hospitality Properties, Inc.	992		88,873
Service Properties Trust	3,329		9,022
Summit Hotel Properties, Inc.	2,101		11,534
Sunstone Hotel Investors, Inc.	3,093		28,981
Xenia Hotels & Resorts, Inc.	1,558		21,376
			484,685
Industrial REITs – 0.2%
Americold Realty Trust, Inc.	4,722		57,797
EastGroup Properties, Inc.	853		144,379
First Industrial Realty Trust, Inc.	2,134		109,837
Innovative Industrial Properties, Inc.	462		24,754
Lineage, Inc.	3,758		145,209
LXP Industrial Trust	5,326		47,721
Plymouth Industrial REIT, Inc.	1,017		22,710
Prologis, Inc.	15,118		1,731,313
Rexford Industrial Realty, Inc.	3,807		156,506
STAG Industrial, Inc.	2,992		105,588
Terreno Realty Corp.	1,677		95,170
			2,640,984
Office REITs – 0.1%
Brandywine Realty Trust	3,431		14,307

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Office REITs (continued)
BXP, Inc.	2,569	$	190,979
City Office REIT, Inc.	1,162		8,088
COPT Defense Properties	1,819		52,860
Cousins Properties, Inc.	2,729		78,977
Douglas Emmett, Inc.	2,779		43,269
Easterly Government Properties, Inc.	756		17,335
Empire State Realty Trust, Inc., Class A	2,839		21,747
Highwoods Properties, Inc.	1,748		55,621
Hudson Pacific Properties, Inc. (A)	6,526		18,012
JBG SMITH Properties	1,078		23,986
Kilroy Realty Corp.	1,906		80,529
NET Lease Office Properties	288		8,542
New York REIT Liquidating LLC (A)(B)	457		971
Paramount Group, Inc. (A)	3,861		25,251
Peakstone Realty Trust	594		7,793
Piedmont Realty Trust, Inc.	2,379		21,411
Postal Realty Trust, Inc., Class A	397		6,229
SL Green Realty Corp.	1,162		69,499
Vornado Realty Trust	3,151		127,710
			873,116
Real estate management and development – 0.2%
Anywhere Real Estate, Inc. (A)	2,007		21,254
CBRE Group, Inc., Class A (A)	4,837		762,118
Compass, Inc., Class A (A)	8,617		69,195
CoStar Group, Inc. (A)	6,899		582,069
Cushman & Wakefield PLC (A)	3,749		59,684
eXp World Holdings, Inc.	2,678		28,547
Forestar Group, Inc. (A)	903		24,011
FRP Holdings, Inc. (A)	319		7,771
Howard Hughes Holdings, Inc. (A)	980		80,527
Jones Lang LaSalle, Inc. (A)	763		227,588
Kennedy-Wilson Holdings, Inc.	2,828		23,529
Marcus & Millichap, Inc.	842		24,713
Maui Land & Pineapple Company, Inc. (A)	329		6,133
Newmark Group, Inc., Class A	2,513		46,867
Offerpad Solutions, Inc. (A)	605		2,523
Opendoor Technologies, Inc. (A)(C)	11,990		95,560
Tejon Ranch Company (A)	469		7,495
The Real Brokerage, Inc. (A)	3,077		12,862
The RMR Group, Inc., Class A	466		7,330
The St. Joe Company	985		48,738
Zillow Group, Inc., Class A (A)	948		70,569
Zillow Group, Inc., Class C (A)	2,908		224,061
			2,433,144
Residential REITs – 0.3%
American Homes 4 Rent, Class A	6,039		200,797
Apartment Investment and Management Company, Class A	3,007		23,846
AvalonBay Communities, Inc.	2,314		446,995
Camden Property Trust	1,719		183,555
Centerspace	319		18,789
Elme Communities	1,615		27,229
Equity LifeStyle Properties, Inc.	3,152		191,326
Equity Residential	6,230		403,268
Essex Property Trust, Inc.	1,045		279,705
Independence Realty Trust, Inc.	3,815		62,528
Invitation Homes, Inc.	9,975		292,567
Mid-America Apartment Communities, Inc.	1,893		264,509
NexPoint Residential Trust, Inc.	607		19,558
Sun Communities, Inc.	2,041		263,289
UDR, Inc.	5,351		199,378
UMH Properties, Inc.	1,764		26,195

 

278

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Residential REITs (continued)
Veris Residential, Inc.	1,820	$	27,664
			2,931,198
Retail REITs – 0.3%
Acadia Realty Trust	2,153		43,383
Agree Realty Corp.	1,765		125,386
Alexander's, Inc.	105		24,621
Brixmor Property Group, Inc.	4,951		137,044
CBL & Associates Properties, Inc.	540		16,513
Curbline Properties Corp.	1,862		41,523
Federal Realty Investment Trust	1,356		137,376
FrontView REIT, Inc.	456		6,252
Getty Realty Corp.	1,043		27,984
InvenTrust Properties Corp.	1,337		38,265
Kimco Realty Corp.	10,884		237,815
Kite Realty Group Trust	3,502		78,095
NETSTREIT Corp.	1,686		30,449
NNN REIT, Inc.	3,021		128,604
Phillips Edison & Company, Inc.	2,097		71,990
Realty Income Corp.	14,823		901,090
Regency Centers Corp.	2,920		212,868
Saul Centers, Inc.	391		12,461
Simon Property Group, Inc.	5,297		994,088
SITE Centers Corp.	1,207		10,875
Tanger, Inc.	1,797		60,810
The Macerich Company	4,162		75,748
Urban Edge Properties	2,093		42,844
Whitestone REIT	1,151		14,134
			3,470,218
Specialized REITs – 0.7%
American Tower Corp.	7,629		1,467,209
Crown Castle, Inc.	7,101		685,175
CubeSmart	3,665		149,019
Digital Realty Trust, Inc.	5,554		960,176
EPR Properties	1,198		69,496
Equinix, Inc.	1,593		1,247,701
Extra Space Storage, Inc.	3,455		486,948
Farmland Partners, Inc.	1,001		10,891
Four Corners Property Trust, Inc.	1,905		46,482
Gaming and Leisure Properties, Inc.	4,522		210,770
Gladstone Land Corp.	1,112		10,186
Iron Mountain, Inc.	4,812		490,535
Lamar Advertising Company, Class A	1,401		171,510
Millrose Properties, Inc., Class A	2,532		85,101
National Storage Affiliates Trust	1,229		37,140
Outfront Media, Inc.	2,689		49,262
PotlatchDeltic Corp.	1,305		53,179
Public Storage	2,860		826,111
Rayonier, Inc.	2,528		67,093
Safehold, Inc.	1,326		20,540
SBA Communications Corp.	1,747		337,782
Smartstop Self Storage REIT, Inc.	508		19,121
VICI Properties, Inc.	17,138		558,870
Weyerhaeuser Company	11,825		293,142
			8,353,439
			25,444,883
Utilities – 2.2%
Electric utilities – 1.3%
ALLETE, Inc.	937		62,217
Alliant Energy Corp.	4,169		281,032
American Electric Power Company, Inc.	8,703		979,088
Constellation Energy Corp.	5,086		1,673,650
Duke Energy Corp.	12,677		1,568,779
Edison International	6,250		345,500
Entergy Corp.	7,252		675,814

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electric utilities (continued)
Evergy, Inc.	3,680	$	279,754
Eversource Energy	6,046		430,112
Exelon Corp.	16,446		740,234
FirstEnergy Corp.	9,359		428,829
Genie Energy, Ltd., B Shares	416		6,219
Hawaiian Electric Industries, Inc. (A)	2,854		31,508
IDACORP, Inc.	880		116,292
MGE Energy, Inc.	641		53,959
NextEra Energy, Inc.	33,541		2,532,010
NRG Energy, Inc.	3,147		509,657
OGE Energy Corp.	3,368		155,837
Oklo, Inc. (A)(C)	2,404		268,359
Otter Tail Corp.	703		57,625
PG&E Corp.	35,713		538,552
Pinnacle West Capital Corp.	1,917		171,878
Portland General Electric Company	1,745		76,780
PPL Corp.	12,016		446,515
The Southern Company	17,924		1,698,657
TXNM Energy, Inc.	1,692		95,683
Xcel Energy, Inc.	9,631		776,740
			15,001,280
Gas utilities – 0.1%
Atmos Energy Corp.	2,591		442,413
Chesapeake Utilities Corp.	413		55,627
MDU Resources Group, Inc.	3,472		61,836
National Fuel Gas Company	1,473		136,061
New Jersey Resources Corp.	1,721		82,866
Northwest Natural Holding Company	762		34,237
ONE Gas, Inc.	980		79,321
Southwest Gas Holdings, Inc.	1,183		92,676
Spire, Inc.	943		76,873
UGI Corp.	3,467		115,312
			1,177,222
Independent power and renewable electricity producers – 0.2%
Clearway Energy, Inc., Class A	642		17,289
Clearway Energy, Inc., Class C	1,369		38,674
Hallador Energy Company (A)	734		14,364
Ormat Technologies, Inc.	1,003		96,539
Talen Energy Corp. (A)	744		316,483
The AES Corp.	11,569		152,248
Vistra Corp.	5,513		1,080,107
			1,715,704
Multi-utilities – 0.5%
Ameren Corp.	4,412		460,525
Avista Corp.	1,352		51,119
Black Hills Corp.	1,166		71,814
CenterPoint Energy, Inc.	10,613		411,784
CMS Energy Corp.	4,825		353,480
Consolidated Edison, Inc.	5,866		589,650
Dominion Energy, Inc.	13,924		851,731
DTE Energy Company	3,369		476,478
NiSource, Inc.	7,593		328,777
Northwestern Energy Group, Inc.	1,036		60,720
Public Service Enterprise Group, Inc.	8,135		678,947
Sempra	10,628		956,307
Unitil Corp.	266		12,731
WEC Energy Group, Inc.	5,232		599,535
			5,903,598
Water utilities – 0.1%
American States Water Company	687		50,371
American Water Works Company, Inc.	3,320		462,111
California Water Service Group	1,066		48,919
Essential Utilities, Inc.	4,651		185,575

 

279

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Water utilities (continued)
H2O America	631	$	30,730
Middlesex Water Company	294		15,911
The York Water Company	250		7,605
			801,222
			24,599,026
TOTAL COMMON STOCKS (Cost $426,252,979)		$	1,121,540,586
PREFERRED SECURITIES – 0.0%
Consumer discretionary – 0.0%
Broadline retail – 0.0%
QVC Group, Inc., 8.000%	260		1,773
Financials – 0.0%
Capital markets – 0.0%
CGrowth Capital, Inc. (A)(B)	110		275
Industrials – 0.0%
Industrial conglomerates – 0.0%
Steel Partners Holdings LP, 6.000%	510		12,658
TOTAL PREFERRED SECURITIES (Cost $82,033)		$	14,706
RIGHTS – 0.0%
Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(D)	188		1,310
TOTAL RIGHTS (Cost $733)		$	1,310
WARRANTS – 0.0%
M-Tron Industries, Inc. (Expiration Date: 3-11-28; Strike Price: $47.50) (A)	46		81
Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)	77		50
TOTAL WARRANTS (Cost $0)		$	131

Total Stock Market Index Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 2.0%
Short-term funds – 2.0%
John Hancock Collateral Trust, 4.0668% (E)(F)	2,222,804	$	22,235,599
TOTAL SHORT-TERM INVESTMENTS (Cost $22,234,203)		$	22,235,599
Total Investments (Total Stock Market Index Trust) (Cost $448,569,948) – 100.3%		$	1,143,792,332
Other assets and liabilities, net – (0.3%)			(3,077,287)
TOTAL NET ASSETS – 100.0%		$	1,140,715,045

Security Abbreviations and Legend
ADR	American Depositary Receipt
CVR	Contingent Value Right
(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 9-30-25. The value of securities on loan amounted to $4,842,196.
(D)	Strike price and/or expiration date not available.
(E)	The rate shown is the annualized seven-day yield as of 9-30-25.
(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 $4,990,064.

 

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Russell 2000 E-Mini Index Futures	14	Long	Dec 2025	$1,708,986	$1,718,850	$9,864
S&P 500 E-Mini Index Futures	52	Long	Dec 2025	17,295,240	17,520,750	225,510
S&P Mid 400 E-Mini Index Futures	2	Long	Dec 2025	669,384	657,240	(12,144)
						$223,230

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

U.S. Growth Trust

	Shares or Principal Amount	Value
COMMON STOCKS – 98.4%
Communication services – 12.7%
Entertainment – 3.4%
Live Nation Entertainment, Inc. (A)	46,262	$	7,559,211
Netflix, Inc. (A)	15,179		18,198,407
			25,757,618
Interactive media and services – 9.3%
Alphabet, Inc., Class A	190,206		46,239,079
Meta Platforms, Inc., Class A	22,240		16,332,611

U.S. Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Interactive media and services (continued)
Pinterest, Inc., Class A (A)	215,988	$	6,948,334
			69,520,024
			95,277,642

 

280

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

U.S. Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Consumer discretionary – 11.2%
Automobiles – 2.1%
Tesla, Inc. (A)	36,003	$	16,011,254
Broadline retail – 4.7%
Amazon.com, Inc. (A)	160,183		35,171,381
Distributors – 1.1%
Pool Corp.	26,764		8,298,713
Hotels, restaurants and leisure – 2.0%
Airbnb, Inc., Class A (A)	65,072		7,901,042
DraftKings, Inc., Class A (A)	182,451		6,823,667
			14,724,709
Specialty retail – 1.3%
Chewy, Inc., Class A (A)	233,666		9,451,790
			83,657,847
Consumer staples – 1.4%
Consumer staples distribution and retail – 1.0%
U.S. Foods Holding Corp. (A)	94,004		7,202,586
Tobacco – 0.4%
Philip Morris International, Inc.	21,089		3,420,636
			10,623,222
Energy – 2.1%
Oil, gas and consumable fuels – 2.1%
Targa Resources Corp.	46,511		7,792,453
The Williams Companies, Inc.	120,216		7,615,684
			15,408,137
Financials – 10.1%
Banks – 0.9%
Wells Fargo & Company	85,801		7,191,840
Capital markets – 5.5%
Ares Management Corp., Class A	44,680		7,143,885
Evercore, Inc., Class A	22,462		7,576,882
Interactive Brokers Group, Inc., Class A	148,630		10,227,230
KKR & Company, Inc.	73,489		9,549,896
Nasdaq, Inc.	76,814		6,794,198
			41,292,091
Consumer finance – 1.3%
American Express Company	29,200		9,699,072
Financial services – 2.4%
Mastercard, Inc., Class A	31,250		17,775,313
			75,958,316
Health care – 4.8%
Biotechnology – 0.9%
Gilead Sciences, Inc.	64,622		7,173,042
Health care providers and services – 1.1%
Cencora, Inc.	25,529		7,978,578
Pharmaceuticals – 2.8%
Eli Lilly & Company	27,555		21,024,465
			36,176,085
Industrials – 2.6%
Aerospace and defense – 1.1%
General Electric Company	26,119		7,857,118
Air freight and logistics – 0.5%
CH Robinson Worldwide, Inc.	27,799		3,680,588
Trading companies and distributors – 1.0%
WESCO International, Inc.	36,006		7,615,269
			19,152,975
Information technology – 51.5%
Electronic equipment, instruments and components – 3.1%
Coherent Corp. (A)	71,764		7,730,418

U.S. Growth Trust (continued)

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Electronic equipment, instruments and components (continued)
Flex, Ltd. (A)	130,025	$	7,537,549
Jabil, Inc.	36,834		7,999,240
			23,267,207
Semiconductors and semiconductor equipment – 22.6%
Analog Devices, Inc.	32,924		8,089,427
Broadcom, Inc.	124,652		41,123,941
NVIDIA Corp.	594,974		111,010,248
NXP Semiconductors NV	37,492		8,538,053
			168,761,669
Software – 15.4%
AppLovin Corp., Class A (A)	19,117		13,736,329
Microsoft Corp.	187,584		97,159,133
Palantir Technologies, Inc., Class A (A)	21,853		3,986,424
			114,881,886
Technology hardware, storage and peripherals – 10.4%
Apple, Inc.	307,047		78,183,378
			385,094,140
Real estate – 2.0%
Health care REITs – 2.0%
Welltower, Inc.	86,091		15,336,251
TOTAL COMMON STOCKS (Cost $532,269,347)		$	736,684,615
SHORT-TERM INVESTMENTS – 1.7%
Short-term funds – 1.7%
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.0784% (B)	12,407,940		12,407,940
TOTAL SHORT-TERM INVESTMENTS (Cost $12,407,940)		$	12,407,940
Total Investments (U.S. Growth Trust) (Cost $544,677,287) – 100.1%		$	749,092,555
Other assets and liabilities, net – (0.1%)			(678,969)
TOTAL NET ASSETS – 100.0%		$	748,413,586

Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 9-30-25.

Ultra Short Term Bond Trust

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.4%
U.S. Government Agency – 0.4%
Federal Home Loan Mortgage Corp.
6.065%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.565%), 12/01/2036 (A)	$	17,991	$	18,311
6.072%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.447%), 06/01/2036 (A)		12,286		12,555
6.140%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.515%), 12/01/2035 (A)		7,986		8,105
6.165%, (1 Year CMT + 2.165%), 11/01/2036 (A)		25,813		26,294
6.231%, (1 Year CMT + 2.231%), 05/01/2034 (A)		46,851		47,833
6.353%, (1 Year CMT + 2.295%), 08/01/2035 (A)		39,044		40,008

 

281

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal Home Loan Mortgage Corp. (continued)
6.366%, (1 Year CMT + 2.111%), 12/01/2035 (A)	$	44,931	$	45,773
6.420%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.538%), 02/01/2036 (A)		22,204		22,730
6.491%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.583%), 05/01/2037 (A)		35,189		36,067
Federal National Mortgage Association
6.104%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.484%), 10/01/2035 (A)		45,286		46,076
6.121%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.295%), 10/01/2038 (A)		11,918		12,110
6.133%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.523%), 02/01/2035 (A)		30,933		31,467
6.244%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.434%), 04/01/2035 (A)		129,564		132,257
6.345%, (1 Year CMT + 2.157%), 01/01/2036 (A)		55,696		56,843
6.383%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.570%), 07/01/2035 (A)		73,668		75,417
6.416%, (1 Year CMT + 2.204%), 05/01/2036 (A)		90,223		92,190
6.427%, (1 Year CMT + 2.192%), 02/01/2035 (A)		67,679		69,150
6.432%, (1 Year CMT + 2.275%), 07/01/2035 (A)		45,422		46,429
6.557%, (1 Year CMT + 2.151%), 01/01/2036 (A)		17,849		18,230
6.594%, (1 Year CMT + 2.333%), 05/01/2034 (A)		34,491		35,302
				873,147
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $900,859)			$	873,147
CORPORATE BONDS – 55.6%
Communication services – 3.8%
AT&T, Inc. 1.700%, 03/25/2026		914,000		903,247
Netflix, Inc. 4.375%, 11/15/2026		930,000		934,198
T-Mobile USA, Inc. 2.250%, 02/15/2026		2,560,000		2,539,887
TWDC Enterprises 18 Corp. 3.000%, 02/13/2026		2,000,000		1,991,617
Verizon Communications, Inc. 4.125%, 03/16/2027		1,666,000		1,667,273
				8,036,222
Consumer discretionary – 5.1%
American Honda Finance Corp.
2.300%, 09/09/2026		700,000		689,142
4.950%, 01/09/2026		700,000		701,331
BMW US Capital LLC 2.800%, 04/11/2026 (B)		3,000,000		2,980,141
Ford Motor Credit Company LLC 4.389%, 01/08/2026		1,107,000		1,106,593

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Consumer discretionary (continued)
General Motors Financial Company, Inc. 5.050%, 04/04/2028	$	2,000,000	$	2,032,151
Hyundai Capital America 5.250%, 01/08/2027 (B)		2,000,000		2,021,399
Mercedes-Benz Finance North America LLC 5.200%, 08/03/2026 (B)		1,400,000		1,412,978
				10,943,735
Consumer staples – 1.7%
Kraft Heinz Foods Company 3.875%, 05/15/2027		1,500,000		1,493,312
Mars, Inc. 4.600%, 03/01/2028 (B)		2,000,000		2,024,458
				3,517,770
Energy – 3.1%
Energy Transfer LP 5.500%, 06/01/2027		1,099,000		1,118,057
Enterprise Products Operating LLC 5.050%, 01/10/2026		1,430,000		1,432,863
EOG Resources, Inc. 4.150%, 01/15/2026		1,450,000		1,448,894
MPLX LP 1.750%, 03/01/2026		695,000		687,712
Phillips 66 Company 3.550%, 10/01/2026		1,131,000		1,124,039
Spectra Energy Partners LP 3.375%, 10/15/2026		680,000		674,879
				6,486,444
Financials – 20.8%
American Express Company 6.338%, (6.338% to 10-30-25, then Overnight SOFR + 1.330%), 10/30/2026		2,000,000		2,003,397
Ares Capital Corp. 3.875%, 01/15/2026		1,840,000		1,836,777
Athene Global Funding 5.620%, 05/08/2026 (B)		1,800,000		1,815,276
Blackstone Private Credit Fund 2.625%, 12/15/2026		1,092,000		1,066,260
Blackstone Secured Lending Fund 2.125%, 02/15/2027		1,108,000		1,071,947
Capital One NA 4.250%, 03/13/2026		2,000,000		1,999,131
Citizens Financial Group, Inc. 4.300%, 12/03/2025		1,195,000		1,194,112
Comerica Bank 7.875%, 09/15/2026		1,500,000		1,540,611
Credit Agricole SA 1.247%, (1.247% to 1-26-26, then Overnight SOFR + 0.892%), 01/26/2027 (B)		2,000,000		1,978,935
Fifth Third Bank NA 4.967%, (4.967% to 1-28-27, then Overnight SOFR + 0.810%), 01/28/2028		2,000,000		2,020,191
Goldman Sachs Bank USA 5.283%, (5.283% to 3-18-26, then Overnight SOFR + 0.777%), 03/18/2027		902,000		906,090
ING Groep NV 3.950%, 03/29/2027		904,000		900,202

 

282

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Co.
3.960%, (3.960% to 1-29-26, then 3 month CME Term SOFR + 1.507%), 01/29/2027	$	908,000	$	906,914
4.851%, (4.851% to 7-25-27, then Overnight SOFR + 1.990%), 07/25/2028		2,845,000		2,882,615
KeyCorp 2.250%, 04/06/2027		1,500,000		1,457,237
Morgan Stanley 3.950%, 04/23/2027		922,000		919,979
PNC Bank NA 3.100%, 10/25/2027		2,000,000		1,966,729
Royal Bank of Canada 4.650%, 01/27/2026		700,000		700,398
Sammons Financial Group Global Funding 5.050%, 01/10/2028 (B)		1,000,000		1,016,935
Santander Holdings USA, Inc. 3.244%, 10/05/2026		3,000,000		2,970,428
Sixth Street Specialty Lending, Inc. 2.500%, 08/01/2026 (C)		583,000		573,785
Societe Generale SA 1.488%, (1.488% to 12-14-25, then 1 Year CMT + 1.100%), 12/14/2026 (B)		1,157,000		1,149,821
The Goldman Sachs Group, Inc. 1.431%, (1.431% to 3-9-26, then Overnight SOFR + 0.798%), 03/09/2027		2,000,000		1,974,254
The Toronto-Dominion Bank 1.200%, 06/03/2026		2,000,000		1,962,997
Truist Bank 3.300%, 05/15/2026		700,000		695,868
U.S. Bancorp 5.727%, (5.727% to 10-21-25, then Overnight SOFR + 1.430%), 10/21/2026		1,450,000		1,450,974
UBS Group AG 4.125%, 04/15/2026 (B)		700,000		699,996
Visa, Inc. 3.150%, 12/14/2025		3,000,000		2,994,554
Wells Fargo & Company
3.000%, 10/23/2026		931,000		921,537
4.100%, 06/03/2026		903,000		902,290
				44,480,240
Health care – 8.6%
AbbVie, Inc. 3.200%, 05/14/2026		3,000,000		2,986,189
Astrazeneca Finance LLC 1.200%, 05/28/2026		2,000,000		1,964,129
Bristol-Myers Squibb Company 3.200%, 06/15/2026		3,000,000		2,985,133
CVS Health Corp. 5.000%, 02/20/2026		3,000,000		3,004,290
HCA, Inc. 5.875%, 02/15/2026		2,000,000		2,002,580
Pfizer Investment Enterprises Pte, Ltd. 4.450%, 05/19/2026		3,000,000		3,005,870
Royalty Pharma PLC 1.750%, 09/02/2027		1,180,000		1,127,438
Solventum Corp. 5.450%, 02/25/2027		341,000		346,533
UnitedHealth Group, Inc. 4.400%, 06/15/2028		1,000,000		1,009,738
				18,431,900

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Industrials – 3.4%
AerCap Ireland Capital DAC
6.100%, 01/15/2027	$	655,000	$	669,038
6.450%, 04/15/2027		1,941,000		2,001,688
CSX Corp. 2.600%, 11/01/2026		2,000,000		1,969,025
Lockheed Martin Corp. 4.950%, 10/15/2025		1,445,000		1,445,170
The Boeing Company 5.040%, 05/01/2027		1,152,000		1,164,341
				7,249,262
Information technology – 3.2%
Apple, Inc. 0.700%, 02/08/2026		1,000,000		988,500
Broadcom Corp. 3.875%, 01/15/2027		680,000		679,490
Broadcom, Inc. 3.459%, 09/15/2026		896,000		891,955
Dell International LLC 6.020%, 06/15/2026		1,429,000		1,440,525
IBM Corp. 7.000%, 10/30/2025		700,000		701,458
Marvell Technology, Inc. 1.650%, 04/15/2026		694,000		683,837
Oracle Corp. 1.650%, 03/25/2026		1,540,000		1,521,800
				6,907,565
Materials – 0.7%
Glencore Funding LLC 4.000%, 03/27/2027 (B)		1,500,000		1,492,865
Real estate – 1.8%
American Tower Corp. 3.375%, 10/15/2026		901,000		894,413
Realty Income Corp.
4.875%, 06/01/2026		700,000		702,648
5.050%, 01/13/2026		1,143,000		1,143,219
VICI Properties LP 4.500%, 09/01/2026 (B)		1,138,000		1,137,960
				3,878,240
Utilities – 3.4%
American Electric Power Company, Inc. 5.750%, 11/01/2027		2,000,000		2,064,813
Duke Energy Corp. 4.850%, 01/05/2027		895,000		903,691
NextEra Energy Capital Holdings, Inc. 4.685%, 09/01/2027		2,000,000		2,021,749
Sempra 5.400%, 08/01/2026		897,000		904,905
Sierra Pacific Power Company 2.600%, 05/01/2026		700,000		694,064
The Southern Company 3.250%, 07/01/2026		684,000		679,653
				7,268,875
TOTAL CORPORATE BONDS (Cost $118,128,401)			$	118,693,118
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.3%
Commercial and residential – 0.1%
COLT Mortgage Loan Trust Series 2020-3, Class A1 1.506%, 04/27/2065 (B)(D)		24,211		23,907

 

283

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Towd Point Mortgage Trust Series 2016-4, Class M1 3.250%, 07/25/2056 (B)(D)	$	216,048	$	214,156
				238,063
U.S. Government Agency – 0.2%
Federal National Mortgage Association Series 2013-10, Class FT (30 day Average SOFR + 0.464%) 4.821%, 04/25/2042 (A)		319,615		315,869
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $557,434)			$	553,932
ASSET-BACKED SECURITIES – 22.7%
Ally Bank Auto Credit-Linked Notes
Series 2024-A, Class A2 5.681%, 05/17/2032 (B)		1,044,933		1,062,638
Series 2024-B, Class A2 4.970%, 09/15/2032 (B)		164,521		166,024
Amur Equipment Finance Receivables XIII LLC Series 2024-1A, Class A2 5.380%, 01/21/2031 (B)		834,632		843,909
ARI Fleet Lease Trust
Series 2024-A, Class A2 5.300%, 11/15/2032 (B)		534,331		537,797
Series 2025-B, Class A2 4.590%, 03/15/2034 (B)		700,000		704,329
Avis Budget Rental Car Funding AESOP LLC
Series 2020-2A, Class A 2.020%, 02/20/2027 (B)		833,333		828,892
Series 2022-3A, Class A 4.620%, 02/20/2027 (B)		708,333		708,847
BMW Vehicle Lease Trust Series 2025-1, Class A2A 4.430%, 09/27/2027		700,000		702,409
Capital One Multi-Asset Execution Trust Series 2023-A1, Class A 4.420%, 05/15/2028		2,000,000		2,004,923
CarMax Auto Owner Trust
Series 2021-3, Class A4 0.740%, 01/15/2027		458,636		458,032
Series 2021-4, Class A4 0.820%, 04/15/2027		457,876		454,936
Series 2022-1, Class A3 1.470%, 12/15/2026		22,054		22,026
Series 2023-1, Class A3 4.750%, 10/15/2027		400,732		401,586
Series 2023-2, Class A4 5.010%, 11/15/2028		470,000		475,326
Series 2024-4, Class A3 4.600%, 10/15/2029		432,000		436,208
Carvana Auto Receivables Trust
Series 2021-P4, Class A4 1.640%, 12/10/2027		390,055		385,753
Series 2022-P3, Class A3 4.610%, 11/10/2027		276,844		277,079
Chase Auto Owner Trust
Series 2022-AA, Class A4 3.990%, 03/27/2028 (B)		743,000		742,189
Series 2024-1A, Class A3 5.130%, 05/25/2029 (B)		135,968		137,366

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Chesapeake Funding II LLC
Series 2023-1A, Class A1 5.650%, 05/15/2035 (B)	$	294,493	$	296,302
Series 2023-2A, Class A1 6.160%, 10/15/2035 (B)		425,912		431,965
Citizens Auto Receivables Trust
Series 2023-2, Class A4 5.740%, 10/15/2030 (B)		1,165,000		1,190,851
Series 2024-1, Class A3 5.110%, 04/17/2028 (B)		1,720,953		1,730,771
CNH Equipment Trust
Series 2021-B, Class A4 0.700%, 05/17/2027		391,076		390,407
Series 2022-B, Class A3 3.890%, 11/15/2027		87,606		87,485
Dell Equipment Finance Trust Series 2024-1, Class A2 5.580%, 03/22/2030 (B)		228,278		228,560
DLLAA LLC Series 2023-1A, Class A3 5.640%, 02/22/2028 (B)		666,523		674,878
DLLAD LLC
Series 2023-1A, Class A3 4.790%, 01/20/2028 (B)		498,335		500,711
Series 2024-1A, Class A3 5.300%, 07/20/2029 (B)		800,000		816,920
DLLST LLC Series 2024-1A, Class A3 5.050%, 08/20/2027 (B)		179,740		180,530
Enterprise Fleet Financing LLC
Series 2022-1, Class A3 3.270%, 01/20/2028 (B)		203,963		203,886
Series 2022-2, Class A3 4.790%, 05/21/2029 (B)		552,556		554,214
Series 2022-3, Class A2 4.380%, 07/20/2029 (B)		78,401		78,410
Series 2022-3, Class A3 4.290%, 07/20/2029 (B)		137,000		137,183
Series 2022-4, Class A2 5.760%, 10/22/2029 (B)		48,666		48,900
Series 2023-3, Class A2 6.400%, 03/20/2030 (B)		372,762		378,358
Series 2024-1, Class A2 5.230%, 03/20/2030 (B)		671,079		676,805
Series 2024-4, Class A2 4.690%, 07/20/2027 (B)		110,679		111,061
FCCU Auto Receivables Trust Series 2025-1A, Class A2 4.870%, 01/16/2029 (B)		240,907		241,687
Ford Credit Auto Lease Trust
Series 2023-B, Class A3 5.910%, 10/15/2026		23,561		23,575
Series 2024-B, Class A3 4.990%, 12/15/2027		1,069,000		1,077,265
Ford Credit Auto Owner Trust
Series 2020-2, Class A 1.060%, 04/15/2033 (B)		3,000,000		2,996,174
Series 2022-1, Class A 3.880%, 11/15/2034 (B)		438,000		437,111
Series 2022-C, Class A4 4.590%, 12/15/2027		325,000		325,828
Ford Credit Floorplan Master Owner Trust Series 2023-1, Class A2 (30 day Average SOFR + 1.250%) 5.622%, 05/15/2028 (A)(B)		500,000		502,838

 

284

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
GM Financial Automobile Leasing Trust Series 2025-2, Class A2A 4.550%, 07/20/2027	$	1,000,000	$	1,003,734
GM Financial Consumer Automobile Receivables Trust
Series 2022-1, Class A4 1.510%, 04/17/2028		645,741		641,006
Series 2022-2, Class A4 3.250%, 04/17/2028		708,000		704,923
Series 2023-4, Class A4 5.710%, 02/16/2029		160,000		164,163
GMF Floorplan Owner Revolving Trust Series 2023-1, Class A1 5.340%, 06/15/2028 (B)		500,000		504,286
GreatAmerica Leasing Receivables Funding LLC
Series 2022-1, Class A3 5.080%, 09/15/2026 (B)		799,971		801,373
Series 2022-1, Class A4 5.350%, 07/16/2029 (B)		304,000		307,035
Series 2024-1, Class A3 4.980%, 01/18/2028 (B)		700,000		707,543
Harley-Davidson Motorcycle Trust
Series 2022-A, Class A4 3.260%, 01/15/2030		460,991		459,303
Series 2023-A, Class A4 4.970%, 06/17/2030		700,000		706,904
Series 2023-B, Class A3 5.690%, 08/15/2028		1,081,576		1,090,520
Series 2024-B, Class A3 4.310%, 07/16/2029		140,000		140,516
Series 2025-A, Class A2A 4.710%, 07/17/2028		700,000		702,496
Hyundai Auto Receivables Trust
Series 2023-C, Class A3 5.540%, 10/16/2028		139,720		141,201
Series 2025-B, Class A2A 4.450%, 08/15/2028		1,000,000		1,004,013
John Deere Owner Trust Series 2022-A, Class A4 2.490%, 01/16/2029		215,000		214,809
Kubota Credit Owner Trust Series 2024-1A, Class A3 5.190%, 07/17/2028 (B)		700,000		709,667
LAD Auto Receivables Trust Series 2023-4A, Class A4 6.240%, 06/15/2028 (B)		600,000		606,862
Mercedes-Benz Auto Receivables Trust Series 2023-1, Class A4 4.310%, 04/16/2029		420,000		421,089
MMAF Equipment Finance LLC Series 2024-A, Class A2 5.200%, 09/13/2027 (B)		373,557		374,766
NextGear Floorplan Master Owner Trust
Series 2023-1A, Class A2 5.740%, 03/15/2028 (B)		452,153		455,043
Series 2024-1A, Class A2 5.120%, 03/15/2029 (B)		430,000		436,407
Nissan Auto Lease Trust Series 2024-B, Class A3 4.920%, 11/15/2027		121,000		122,415
Nissan Auto Receivables Owner Trust Series 2023-A, Class A3 4.910%, 11/15/2027		176,958		177,511
Nissan Master Owner Receivables Trust Series 2024-B, Class A 5.050%, 02/15/2029 (B)		432,000		437,519

Ultra Short Term Bond Trust (continued)

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Santander Bank Auto Credit-Linked Notes
Series 2022-C, Class A2 6.024%, 12/15/2032 (B)	$	561,835	$	569,493
Series 2023-B, Class B 5.640%, 12/15/2033 (B)		142,431		143,759
Santander Drive Auto Receivables Trust Series 2022-2, Class C 3.760%, 07/16/2029		449,933		449,035
SBNA Auto Lease Trust
Series 2023-A, Class A3 6.510%, 04/20/2027 (B)		281,741		283,207
Series 2024-A, Class A3 5.390%, 11/20/2026 (B)		439,494		440,840
Series 2024-B, Class A3 5.560%, 11/22/2027 (B)		405,000		407,747
Series 2024-B, Class A4 5.550%, 12/20/2028 (B)		1,350,000		1,370,700
Series 2025-A, Class A3 4.830%, 04/20/2028 (B)		110,000		110,851
Tesla Auto Lease Trust
Series 2023-A, Class A4 5.940%, 07/20/2027 (B)		139,076		139,200
Series 2023-B, Class B 6.570%, 08/20/2027 (B)		620,000		622,537
Toyota Auto Receivables Owner Trust
Series 2021-D, Class A4 1.020%, 03/15/2027		384,951		382,505
Series 2022-B, Class A4 3.110%, 08/16/2027		700,000		696,893
Toyota Lease Owner Trust Series 2023-B, Class A4 5.710%, 12/20/2027 (B)		700,000		704,962
USB Auto Owner Trust Series 2025-1A, Class A2 4.510%, 06/15/2028 (B)		700,000		702,397
Verdant Receivables, LLC Series 2025-1A, Class A2 4.850%, 03/13/2028 (B)		700,000		703,751
Wheels Fleet Lease Funding 1 LLC
Series 2024-1A, Class A1 5.490%, 02/18/2039 (B)		819,405		829,209
Series 2024-3A, Class A1 4.800%, 09/19/2039 (B)		311,378		314,446
World Omni Auto Receivables Trust
Series 2021-D, Class A4 1.100%, 11/15/2027		494,932		493,083
Series 2022-B, Class A4 3.440%, 03/15/2028		550,000		547,880
TOTAL ASSET-BACKED SECURITIES (Cost $48,240,480)			$	48,620,543
SHORT-TERM INVESTMENTS – 19.8%
U.S. Government – 18.7%
U.S. Treasury Bill
3.905%, 12/26/2025 *		9,330,000		9,244,141
3.916%, 01/22/2026 *		23,979,000		23,693,047
4.143%, 12/11/2025 *		7,072,000		7,018,302
				39,955,490

 

285

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Short-term funds – 1.1%
John Hancock Collateral Trust, 4.0668% (E)(F)	240,710	$	2,407,913
TOTAL SHORT-TERM INVESTMENTS (Cost $42,349,287)		$	42,363,403
Total Investments (Ultra Short Term Bond Trust) (Cost $210,176,461) – 98.8%		$	211,104,143
Other assets and liabilities, net – 1.2%			2,618,880
TOTAL NET ASSETS – 100.0%		$	213,723,023

Security Abbreviations and Legend
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
IBOR	Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
(A)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $48,802,533 or 22.8% of the fund's net assets as of 9-30-25.
(C)	All or a portion of this security is on loan as of 9-30-25. The value of securities on loan amounted to $569,710.
(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 9-30-25.
(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 $581,284.
*	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.

286

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Subadvisors of Affiliated Underlying Funds
Allspring Global Investments, LLC	(Allspring Investments)
Axiom Investors LLC	(Axiom)
Boston Partners Global Investors, Inc.	(Boston Partners)
Dimensional Fund Advisors, LP	(DFA)
Manulife Investment Management (US) LLC	(MIM US)
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 9-30-25:

Financial Industries Trust

United States	83.2%
United Kingdom	4.1%
Switzerland	3.3%
Netherlands	2.2%
Puerto Rico	2.0%
Japan	2.0%
Ireland	1.6%
Spain	1.6%
TOTAL	100.0%

Fundamental Large Cap Value Trust

United States	83.8%
France	3.5%
United Kingdom	3.4%
South Korea	2.6%
Canada	1.6%
Switzerland	1.4%
Belgium	1.2%
Other countries	2.5%
TOTAL	100.0%

Health Sciences Trust

United States	87.2%
Netherlands	5.6%
United Kingdom	2.9%
Denmark	1.5%
Other countries	2.8%
TOTAL	100.0%

High Yield Trust

United States	88.4%
Canada	2.8%
Luxembourg	2.3%
Japan	1.8%
France	1.3%
Other countries	3.4%
TOTAL	100.0%

Mid Value Trust

United States	88.4%
Ireland	3.4%
Canada	1.9%
United Kingdom	1.9%
Bermuda	1.7%
Puerto Rico	1.3%
Other countries	1.4%
TOTAL	100.0%

Strategic Equity Allocation Trust

United States	67.0%
Japan	7.0%
United Kingdom	4.7%
France	3.4%
Switzerland	3.3%
Germany	3.1%
Australia	2.1%
Netherlands	1.7%
Sweden	1.2%
Spain	1.1%
Other countries	5.4%
TOTAL	100.0%

Strategic Income Opportunities Trust

United States	64.5%
Canada	8.6%
Australia	3.8%
United Kingdom	3.8%
New Zealand	2.5%
Indonesia	2.4%
Philippines	2.3%
Brazil	1.6%
Norway	1.1%
Supranational	1.1%
Other countries	8.3%
TOTAL	100.0%

 

The following portfolios had the following sector composition as a percentage of net assets on 9-30-25:

287

John Hancock Variable Insurance Trust

Portfolio of Investments — September 30, 2025 (unaudited) (showing percentage of total net assets)

Disciplined Value Emerging Markets Equity Trust

Information technology	18.0%
Financials	17.9%
Communication services	17.6%
Consumer discretionary	9.9%
Consumer staples	9.1%
Health care	8.3%
Materials	7.0%
Industrials	6.6%
Energy	1.0%
Real estate	0.8%
Utilities	0.6%
Short-term investments and other	3.2%
TOTAL	100.0%

Disciplined Value International Trust

Financials	22.4%
Industrials	20.9%
Health care	10.0%
Consumer staples	8.7%
Materials	8.6%
Consumer discretionary	6.9%
Information technology	6.3%
Communication services	5.9%
Energy	4.9%
Utilities	1.8%
Short-term investments and other	3.6%
TOTAL	100.0%

Global Equity Trust

Financials	22.6%
Industrials	15.5%
Information technology	11.7%
Consumer discretionary	10.7%
Health care	9.3%
Consumer staples	8.5%
Materials	7.2%
Communication services	6.2%
Energy	4.7%
Utilities	2.0%
Short-term investments and other	1.6%
TOTAL	100.0%

International Equity Index Trust

Financials	24.2%
Industrials	14.6%
Information technology	13.7%
Consumer discretionary	10.5%
Health care	7.7%
Materials	6.6%
Communication services	6.2%
Consumer staples	6.1%
Energy	4.4%
Utilities	3.0%
Real estate	1.5%
Short-term investments and other	1.5%
TOTAL	100.0%

International Small Company Trust

Industrials	23.8%
Materials	14.2%
Financials	13.5%
Consumer discretionary	12.5%
Information technology	7.7%
Consumer staples	5.3%
Health care	5.3%
Energy	4.9%
Real estate	4.4%
Communication services	3.6%
Utilities	3.2%
Short-term investments and other	1.6%
TOTAL	100.0%

 

288

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 Valuation Policies and Procedures of the Advisor, John Hancock Variable Trust Advisers LLC, the portfolios' valuation designee.

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 September 30, 2025, by major security category or type:

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
500 Index Trust
Investments in securities:
Assets
Common stocks	11,843,492,182	$11,843,492,182	—	—
Short-term investments	246,480,300	246,480,300	—	—
Total investments in securities	$12,089,972,482	$12,089,972,482	—	—
Derivatives:
Assets
Futures	$3,584,656	$3,584,656	—	—
Active Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$274,813,497	—	$274,813,497	—

289

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Active Bond Trust (continued)
Corporate bonds	$221,487,202	—	$221,487,202	—
Municipal bonds	171,193	—	171,193	—
Term loans	1,647,584	—	1,647,584	—
Collateralized mortgage obligations	22,125,866	—	22,125,866	—
Asset-backed securities	29,282,796	—	29,282,796	—
Common stocks	23,418	—	23,418	—
Preferred securities	133,372	$133,372	—	—
Short-term investments	9,394,149	9,394,149	—	—
Total investments in securities	$559,079,077	$9,527,521	$549,551,556	—
American Asset Allocation Trust
Investments in securities:
Assets
Investment companies	$1,224,594,633	$1,224,594,633	—	—
Total investments in securities	$1,224,594,633	$1,224,594,633	—	—
American Global Growth Trust
Investments in securities:
Assets
Investment companies	$206,829,070	$206,829,070	—	—
Total investments in securities	$206,829,070	$206,829,070	—	—
American Growth Trust
Investments in securities:
Assets
Investment companies	$1,112,192,730	$1,112,192,730	—	—
Total investments in securities	$1,112,192,730	$1,112,192,730	—	—
American Growth-Income Trust
Investments in securities:
Assets
Investment companies	$1,008,580,770	$1,008,580,770	—	—
Total investments in securities	$1,008,580,770	$1,008,580,770	—	—
American International Trust
Investments in securities:
Assets
Investment companies	$385,734,530	$385,734,530	—	—
Total investments in securities	$385,734,530	$385,734,530	—	—
Blue Chip Growth Trust
Investments in securities:
Assets
Common stocks
Communication services	$308,561,728	$308,561,728	—	—
Consumer discretionary	347,152,892	347,152,892	—	—
Consumer staples	15,496,378	15,496,378	—	—
Financials	171,360,316	167,736,670	$3,623,646	—
Health care	122,369,272	122,369,272	—	—
Industrials	69,699,506	69,699,506	—	—
Information technology	1,110,138,617	1,110,138,617	—	—
Materials	15,017,283	15,017,283	—	—

290

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Blue Chip Growth Trust (continued)
Utilities	$11,686,263	$11,686,263	—	—
Exchange-traded funds	22,437,830	22,437,830	—	—
Corporate bonds	3,543,606	—	$3,543,606	—
Short-term investments	6,597,501	6,597,501	—	—
Total investments in securities	$2,204,061,192	$2,196,893,940	$7,167,252	—
Capital Appreciation Value Trust
Investments in securities:
Assets
Common stocks	$314,360,061	$314,360,061	—	—
Preferred securities	39,784	39,784	—	—
U.S. Government and Agency obligations	81,937,317	—	$81,937,317	—
Corporate bonds	38,281,893	—	38,281,893	—
Term loans	46,734,373	—	46,734,373	—
Asset-backed securities	522,548	—	522,548	—
Short-term investments	14,646,511	12,341,511	2,305,000	—
Total investments in securities	$496,522,487	$326,741,356	$169,781,131	—
Derivatives:
Liabilities
Written options	$(1,489,917)	—	$(1,489,917)	—
Core Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$386,402,539	—	$386,402,539	—
Foreign government obligations	11,401,284	—	11,401,284	—
Corporate bonds	204,723,259	—	204,723,259	—
Municipal bonds	1,038,835	—	1,038,835	—
Collateralized mortgage obligations	114,209,762	—	114,209,762	—
Asset-backed securities	66,048,522	—	66,048,522	—
Short-term investments	25,864,023	$25,864,023	—	—
Total investments in securities	$809,688,224	$25,864,023	$783,824,201	—
Disciplined Value Emerging Markets Equity Trust
Investments in securities:
Assets
Common stocks
Brazil	$16,046,655	$16,046,655	—	—
Chile	798,268	798,268	—	—
China	74,164,234	2,892,546	$71,259,063	$12,625
Colombia	1,850,414	1,850,414	—	—
Greece	1,523,661	—	1,523,661	—
Hong Kong	14,688,296	—	14,688,296	—
India	13,584,851	5,046,662	8,532,935	5,254
Indonesia	4,339	—	—	4,339
Ireland	1,349,720	1,349,720	—	—
Israel	202,064	—	202,064	—
Japan	663,885	—	663,885	—
Luxembourg	10,889,223	7,315,318	3,573,905	—
Mexico	21,581,975	21,473,560	108,415	—
Peru	9,411,667	9,411,667	—	—
Philippines	1,328	—	—	1,328
Portugal	383,803	—	383,803	—
Russia	—	—	—	—
Saudi Arabia	1,559,064	—	1,559,064	—

291

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Disciplined Value Emerging Markets Equity Trust (continued)
Singapore	$8,015,795	—	$8,015,795	—
South Africa	3,098,836	—	3,098,836	—
South Korea	27,049,604	$2,102,887	24,881,297	$65,420
Taiwan	25,383,202	3,693,890	21,689,312	—
Thailand	3,329,720	—	3,329,720	—
Turkey	—	—	—	—
United Arab Emirates	5,157,242	—	5,157,242	—
United Kingdom	7,499,246	2,130,155	5,369,091	—
United States	1,430,692	1,430,692	—	—
Preferred securities
Brazil	3,820,214	3,820,214	—	—
Colombia	463,706	463,706	—	—
Philippines	3,063	—	3,063	—
South Korea	6,090,149	—	6,090,149	—
Short-term investments	6,821,490	6,821,490	—	—
Total investments in securities	$266,866,406	$86,647,844	$180,129,596	$88,966
Derivatives:
Liabilities
Swap contracts	$(12,059)	—	$(12,059)	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Disciplined Value International Trust
Investments in securities:
Assets
Common stocks
Australia	$5,788,536	—	$5,788,536	—
Austria	1,678,524	—	1,678,524	—
Bermuda	10,207,856	$4,382,078	5,825,778	—
Brazil	2,476,685	2,476,685	—	—
Canada	16,305,912	16,305,912	—	—
China	9,193,258	—	9,193,258	—
Denmark	10,417,114	—	10,417,114	—
Finland	3,010,718	—	3,010,718	—
France	29,760,516	—	29,760,516	—
Germany	4,580,748	—	4,580,748	—
Hong Kong	7,531,384	—	7,531,384	—
India	4,072,487	4,072,487	—	—
Ireland	2,349,025	—	2,349,025	—
Italy	10,477,422	—	10,477,422	—
Japan	52,211,109	—	52,211,109	—
Luxembourg	1,801,222	1,801,222	—	—
Mexico	6,462,859	6,462,859	—	—
Netherlands	17,218,802	—	17,218,802	—
Norway	2,645,374	—	2,645,374	—
South Korea	30,689,863	1,972,718	28,717,145	—
Spain	8,466,153	—	8,466,153	—
Switzerland	9,118,571	—	9,118,571	—
United Kingdom	63,221,722	6,589,563	56,632,159	—
Short-term investments	9,815,884	9,815,884	—	—
Total investments in securities	$319,501,744	$53,879,408	$265,622,336	—

292

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Equity Income Trust
Investments in securities:
Assets
Common stocks
Communication services	$52,556,485	$52,556,485	—	—
Consumer discretionary	34,595,925	34,595,925	—	—
Consumer staples	66,822,163	66,822,163	—	—
Energy	73,887,208	62,735,511	$11,151,697	—
Financials	191,052,070	191,052,070	—	—
Health care	109,123,352	105,742,304	3,381,048	—
Industrials	111,881,580	100,903,465	10,978,115	—
Information technology	78,072,335	68,587,118	9,485,217	—
Materials	25,655,257	25,655,257	—	—
Real estate	31,574,349	31,574,349	—	—
Utilities	52,511,278	52,511,278	—	—
Preferred securities
Consumer discretionary	3,627,369	—	3,627,369	—
Industrials	4,116,735	4,116,735	—	—
Short-term investments	16,005,760	16,005,760	—	—
Total investments in securities	$851,481,866	$812,858,420	$38,623,446	—
Financial Industries Trust
Investments in securities:
Assets
Common stocks
Financials
Banks	$65,470,518	$58,347,132	$7,123,386	—
Capital markets	31,148,954	29,045,030	2,103,924	—
Consumer finance	6,648,370	6,648,370	—	—
Financial services	8,008,192	8,008,192	—	—
Insurance	25,449,808	22,398,796	3,051,012	—
Short-term investments	962,473	962,473	—	—
Total investments in securities	$137,688,315	$125,409,993	$12,278,322	—
Fundamental All Cap Core Trust
Investments in securities:
Assets
Common stocks
Communication services	$297,728,313	$297,728,313	—	—
Consumer discretionary	523,998,245	511,113,087	$12,885,158	—
Consumer staples	81,521,040	81,521,040	—	—
Energy	124,224,975	124,224,975	—	—
Financials	246,569,673	246,569,673	—	—
Health care	443,553,285	443,553,285	—	—
Industrials	119,282,936	119,282,936	—	—
Information technology	677,862,337	638,811,908	39,050,429	—
Real estate	99,419,103	99,419,103	—	—
Short-term investments	121,126	121,126	—	—
Total investments in securities	$2,614,281,033	$2,562,345,446	$51,935,587	—

293

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Fundamental Large Cap Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$60,946,506	$60,946,506	—	—
Consumer discretionary	59,630,535	59,630,535	—	—
Consumer staples	71,068,850	55,017,278	$16,051,572	—
Energy	60,463,604	60,463,604	—	—
Financials	142,510,059	142,510,059	—	—
Health care	157,735,094	157,735,094	—	—
Industrials	108,433,733	97,468,057	10,965,676	—
Information technology	131,999,393	110,284,314	21,715,079	—
Materials	7,625,328	7,625,328	—	—
Real estate	26,475,602	26,475,602	—	—
Escrow certificates	—	—	—	—
Short-term investments	9,295,541	9,295,541	—	—
Total investments in securities	$836,184,245	$787,451,918	$48,732,327	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Global Equity Trust
Investments in securities:
Assets
Common stocks
Belgium	$5,348,591	—	$5,348,591	—
Denmark	2,566,452	—	2,566,452	—
France	21,281,728	—	21,281,728	—
Germany	15,170,357	—	15,170,357	—
Hong Kong	4,619,230	—	4,619,230	—
Ireland	16,696,142	$16,696,142	—	—
Japan	25,369,994	—	25,369,994	—
Netherlands	14,903,558	—	14,903,558	—
Switzerland	10,050,579	5,694,676	4,355,903	—
Taiwan	5,950,981	—	5,950,981	—
United Kingdom	11,516,936	—	11,516,936	—
United States	158,923,190	158,923,190	—	—
Preferred securities	5,602,393	—	5,602,393	—
Escrow certificates	—	—	—	—
Short-term investments	2,847,245	2,847,245	—	—
Total investments in securities	$300,847,376	$184,161,253	$116,686,123	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Health Sciences Trust
Investments in securities:
Assets
Common stocks
Health care	$216,219,130	$210,122,949	$6,096,181	—
Preferred securities	487,424	—	487,424	—
Convertible bonds	249,660	—	249,660	—
Warrants	1,964	1,884	80	—
Short-term investments	881,757	881,757	—	—
Total investments in securities	$217,839,935	$211,006,590	$6,833,345	—

294

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
High Yield Trust
Investments in securities:
Assets
Corporate bonds	$171,144,641	—	$171,144,641	—
Term loans	5,714,680	—	5,240,644	$474,036
Common stocks	11,916	—	—	11,916
Preferred securities	740,601	$740,601	—	—
Escrow shares	5,673	—	—	5,673
Escrow certificates	23,616	—	—	23,616
Short-term investments	13,942,265	13,942,265	—	—
Total investments in securities	$191,583,392	$14,682,866	$176,385,285	$515,241
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
International Equity Index Trust
Investments in securities:
Assets
Common stocks
Australia	$46,442,914	—	$46,442,914	—
Austria	1,555,144	—	1,555,144	—
Belgium	5,831,808	—	5,831,808	—
Brazil	10,975,967	$10,975,967	—	—
Canada	92,685,521	92,088,401	597,120	—
Chile	2,014,131	407,247	1,606,884	—
China	97,205,712	2,865,200	94,340,512	—
Colombia	199,813	199,813	—	—
Czech Republic	554,999	—	554,999	—
Denmark	13,333,818	—	13,333,818	—
Egypt	250,922	—	250,922	—
Finland	7,487,444	—	7,487,444	—
France	74,564,354	—	74,522,808	$41,546
Germany	66,628,301	—	66,628,301	—
Greece	1,996,798	—	1,996,798	—
Hong Kong	19,473,986	382,602	19,091,384	—
Hungary	964,749	—	964,749	—
India	52,290,477	3,630,623	48,659,854	—
Indonesia	3,868,332	6,738	3,861,594	—
Ireland	9,558,001	4,166,701	5,391,300	—
Israel	7,463,265	2,250,490	5,212,775	—
Italy	21,700,201	—	21,700,201	—
Japan	155,445,765	—	155,445,765	—
Luxembourg	1,579,381	—	1,579,381	—
Macau	228,964	—	228,964	—
Malaysia	4,071,415	—	4,071,415	—
Mexico	7,118,396	6,866,747	251,649	—
Netherlands	36,656,566	—	36,656,566	—
New Zealand	1,866,838	—	1,866,838	—
Norway	4,179,398	—	4,179,398	—
Peru	788,364	788,364	—	—
Philippines	1,341,385	—	1,341,385	—
Poland	3,548,245	—	3,548,245	—
Portugal	1,326,857	—	1,326,857	—
Russia	—	—	—	—
Saudi Arabia	11,315,029	—	11,315,029	—
Singapore	13,925,098	2,926,776	10,998,322	—
South Africa	10,408,918	—	10,408,918	—
South Korea	36,496,909	86,255	36,410,654	—
Spain	24,354,643	—	24,354,643	—

295

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Equity Index Trust (continued)
Sweden	$25,380,402	$3,839,000	$21,541,402	—
Switzerland	68,770,210	—	68,770,210	—
Taiwan	67,645,817	—	67,645,817	—
Thailand	3,548,027	—	3,548,027	—
Turkey	1,587,317	—	1,587,317	—
United Arab Emirates	—	—	—	—
United Kingdom	100,161,228	117,533	100,043,695	—
United States	2,965,863	2,181,377	784,486	—
Preferred securities
Brazil	3,883,491	3,883,491	—	—
Chile	21,149	—	21,149	—
Germany	2,084,997	—	2,084,997	—
India	3,687	—	—	$3,687
South Korea	1,604,016	—	1,604,016	—
Rights	89,323	89,323	—	—
Warrants	13,979	—	13,979	—
Short-term investments	13,656,655	13,656,655	—	—
Total investments in securities	$1,143,114,989	$151,409,303	$991,660,453	$45,233
Derivatives:
Assets
Futures	$150,908	$150,908	—	—
Liabilities
Futures	(52,252)	(52,252)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
International Small Company Trust
Investments in securities:
Assets
Common stocks
Australia	$7,028,737	$46,619	$6,929,278	$52,840
Austria	1,633,198	—	1,633,198	—
Belgium	1,756,260	3,560	1,752,700	—
Bermuda	269,399	12,348	257,051	—
Cambodia	39,821	—	39,821	—
Canada	13,851,864	13,793,246	58,617	1
Denmark	2,746,414	—	2,746,414	—
Finland	3,031,977	—	3,031,977	—
France	5,644,474	—	5,644,474	—
Georgia	158,580	—	158,580	—
Germany	6,255,255	—	6,255,255	—
Greece	21,580	—	21,580	—
Guernsey, Channel Islands	—	—	—	—
Hong Kong	2,162,368	—	2,162,368	—
Ireland	722,807	—	722,807	—
Isle of Man	57,910	—	57,910	—
Israel	1,131,579	25,142	1,106,437	—
Italy	4,071,776	—	4,071,776	—
Japan	24,803,372	—	24,803,372	—
Liechtenstein	76,510	—	76,510	—
Luxembourg	564,459	—	564,459	—
Macau	28,887	—	28,887	—
Malaysia	16,880	—	16,880	—
Mauritius	12,918	—	12,918	—
Mongolia	19,213	—	19,213	—
Netherlands	2,551,602	232,489	2,319,113	—
New Zealand	409,415	—	409,415	—

296

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
International Small Company Trust (continued)
Norway	$756,873	—	$756,873	—
Peru	101,072	—	101,072	—
Poland	55,452	—	55,452	—
Portugal	486,105	—	486,105	—
Singapore	1,257,540	—	1,257,540	—
South Africa	154,440	—	154,440	—
Spain	2,572,183	—	2,569,227	$2,956
Sweden	2,849,603	—	2,849,603	—
Switzerland	8,336,798	—	8,336,798	—
Taiwan	40,160	—	40,160	—
United Arab Emirates	18,741	—	18,741	—
United Kingdom	11,615,552	$223,263	11,381,423	10,866
United States	740,293	388,352	351,941	—
Preferred securities	368,501	—	368,501	—
Warrants	970	—	970	—
Rights	—	—	—	—
Short-term investments	2,114,859	2,114,859	—	—
Total investments in securities	$110,536,397	$16,839,878	$93,629,856	$66,663
Derivatives:
Liabilities
Futures	$(1,782)	$(1,782)	—	—
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	$141,043,273	—	$141,043,273	—
Foreign government obligations	4,831,373	—	4,831,373	—
Corporate bonds	55,336,234	—	55,336,234	—
Municipal bonds	2,243,090	—	2,243,090	—
Collateralized mortgage obligations	27,934,107	—	27,934,107	—
Asset-backed securities	15,083,263	—	15,083,263	—
Short-term investments	886,696	$86,696	800,000	—
Total investments in securities	$247,358,036	$86,696	$247,271,340	—
Derivatives:
Assets
Futures	$177,436	$177,436	—	—
Swap contracts	1,220,779	—	$1,220,779	—
Liabilities
Futures	(119,751)	(119,751)	—	—
Forward foreign currency contracts	(3,102)	—	(3,102)	—
Swap contracts	(104,934)	—	(104,934)	—
Lifestyle Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$1,006,523,736	$1,006,523,736	—	—
Short-term investments	22	22	—	—
Total investments in securities	$1,006,523,758	$1,006,523,758	—	—

297

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Lifestyle Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$150,305,156	$150,305,156	—	—
Short-term investments	99	99	—	—
Total investments in securities	$150,305,255	$150,305,255	—	—
Lifestyle Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$5,236,309,082	$5,236,309,082	—	—
Short-term investments	76	76	—	—
Total investments in securities	$5,236,309,158	$5,236,309,158	—	—
Lifestyle Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$272,694,238	$272,694,238	—	—
Short-term investments	65	65	—	—
Total investments in securities	$272,694,303	$272,694,303	—	—
Managed Volatility Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies	$3,886,244,082	$3,886,244,082	—	—
Short-term investments	39,057,848	39,057,848	—	—
Total investments in securities	$3,925,301,930	$3,925,301,930	—	—
Derivatives:
Assets
Futures	$2,945,752	$2,945,752	—	—
Liabilities
Futures	(118,906)	(118,906)	—	—
Managed Volatility Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies	$476,632,567	$476,632,567	—	—
Short-term investments	3,403,650	3,403,650	—	—
Total investments in securities	$480,036,217	$480,036,217	—	—
Derivatives:
Assets
Futures	$106,773	$106,773	—	—
Liabilities
Futures	(6,959)	(6,959)	—	—
Managed Volatility Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies	$5,166,586,082	$5,166,586,082	—	—
Short-term investments	61,885,172	61,885,172	—	—
Total investments in securities	$5,228,471,254	$5,228,471,254	—	—

298

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Managed Volatility Growth Portfolio (continued)
Derivatives:
Assets
Futures	$6,168,745	$6,168,745	—	—
Liabilities
Futures	(244,542)	(244,542)	—	—
Managed Volatility Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies	$994,672,873	$994,672,873	—	—
Short-term investments	7,566,519	7,566,519	—	—
Total investments in securities	$1,002,239,392	$1,002,239,392	—	—
Derivatives:
Assets
Futures	$560,981	$560,981	—	—
Liabilities
Futures	(20,192)	(20,192)	—	—
Mid Cap Growth Trust
Investments in securities:
Assets
Common stocks	$626,625,439	$626,625,439	—	—
Preferred securities	2,543,073	—	—	$2,543,073
Short-term investments	11,142,617	5,742,617	$5,400,000	—
Total investments in securities	$640,311,129	$632,368,056	$5,400,000	$2,543,073
Mid Cap Index Trust
Investments in securities:
Assets
Common stocks	$1,155,819,436	$1,155,819,436	—	—
Short-term investments	41,532,438	41,532,438	—	—
Total investments in securities	$1,197,351,874	$1,197,351,874	—	—
Derivatives:
Liabilities
Futures	$(443,316)	$(443,316)	—	—
Mid Value Trust
Investments in securities:
Assets
Common stocks
Communication services	$5,890,327	$5,890,327	—	—
Consumer discretionary	39,161,581	38,508,601	$652,980	—
Consumer staples	15,652,288	15,652,288	—	—
Energy	42,656,713	42,656,713	—	—
Financials	121,829,851	119,708,984	2,120,867	—
Health care	58,344,139	58,344,139	—	—
Industrials	96,090,287	96,090,287	—	—
Information technology	84,714,535	84,714,535	—	—
Materials	36,978,675	33,063,182	3,915,493	—
Real estate	41,523,680	41,523,680	—	—
Utilities	39,015,716	39,015,716	—	—
Convertible bonds	1,986,300	—	1,986,300	—

299

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Mid Value Trust (continued)
Short-term investments	$16,265,096	$16,265,096	—	—
Total investments in securities	$600,109,188	$591,433,548	$8,675,640	—
Opportunistic Fixed Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$44,665,470	—	$44,665,470	—
Foreign government obligations	60,668,938	—	60,668,938	—
Corporate bonds	16,501,187	—	16,501,187	—
Convertible bonds	14,549,350	—	14,549,350	—
Term loans	3,405,520	—	3,405,520	—
Collateralized mortgage obligations	7,353,917	—	7,353,917	—
Asset-backed securities	5,435,727	—	5,435,727	—
Common stocks	990	—	—	$990
Preferred securities	4,291,109	$4,291,109	—	—
Exchange-traded funds	14,067,073	14,067,073	—	—
Escrow certificates	11,890	—	11,890	—
Short-term investments	14,297,689	14,297,689	—	—
Total investments in securities	$185,248,860	$32,655,871	$152,591,999	$990
Liabilities
Sale commitments outstanding	$(15,815,998)	—	$(15,815,998)	—
Derivatives:
Assets
Futures	141,785	$141,785	—	—
Forward foreign currency contracts	602,771	—	602,771	—
Swap contracts	1,103,581	—	1,103,581	—
Liabilities
Futures	(85,987)	(85,987)	—	—
Forward foreign currency contracts	(488,495)	—	(488,495)	—
Swap contracts	(1,599,199)	—	(1,599,199)	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Real Estate Securities Trust
Investments in securities:
Assets
Common stocks	$284,270,209	$284,270,209	—	—
Short-term investments	3,940,009	3,940,009	—	—
Total investments in securities	$288,210,218	$288,210,218	—	—
Science & Technology Trust
Investments in securities:
Assets
Common stocks	$1,218,779,706	$1,218,779,706	—	—
Short-term investments	4,258,799	4,258,799	—	—
Total investments in securities	$1,223,038,505	$1,223,038,505	—	—
Select Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$3,030,794,398	—	$3,030,794,398	—
Corporate bonds	1,767,121,167	—	1,767,121,167	—
Municipal bonds	21,734,603	—	21,734,603	—
Collateralized mortgage obligations	286,350,006	—	286,350,006	—

300

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Select Bond Trust (continued)
Asset-backed securities	$417,790,266	—	$417,790,266	—
Short-term investments	184,398,847	$184,398,847	—	—
Total investments in securities	$5,708,189,287	$184,398,847	$5,523,790,440	—
Short Term Government Income Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$238,668,576	—	$238,668,576	—
Municipal bonds	3,830,092	—	3,830,092	—
Collateralized mortgage obligations	807,942	—	807,942	—
Short-term investments	1,513,227	$1,513,227	—	—
Total investments in securities	$244,819,837	$1,513,227	$243,306,610	—
Derivatives:
Assets
Futures	$24,569	$24,569	—	—
Small Cap Core Trust
Investments in securities:
Assets
Common stocks	$277,888,959	$277,888,959	—	—
Short-term investments	16,990,950	16,990,950	—	—
Total investments in securities	$294,879,909	$294,879,909	—	—
Small Cap Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$15,081,571	$15,081,571	—	—
Consumer discretionary	53,195,748	53,178,547	$17,201	—
Consumer staples	10,724,384	10,724,384	—	—
Energy	25,972,736	25,972,736	—	—
Financials	97,085,623	97,084,907	—	$716
Health care	86,378,791	86,280,651	2,245	95,895
Industrials	95,828,707	95,828,707	—	—
Information technology	83,614,991	83,614,991	—	—
Materials	22,896,888	22,883,770	—	13,118
Real estate	31,311,601	31,311,601	—	—
Utilities	17,617,363	17,617,363	—	—
Rights	11,410	11,410	—	—
Warrants	434	434	—	—
Short-term investments	37,173,508	37,173,508	—	—
Total investments in securities	$576,893,755	$576,764,580	$19,446	$109,729
Derivatives:
Assets
Futures	$123,914	$123,914	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.

301

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Small Cap Opportunities Trust
Investments in securities:
Assets
Common stocks
Communication services	$5,579,503	$5,579,503	—	—
Consumer discretionary	25,977,563	25,977,563	—	—
Consumer staples	9,568,198	9,568,198	—	—
Energy	16,278,380	16,278,380	—	—
Financials	50,546,418	50,545,802	—	$616
Health care	13,442,221	13,440,290	$458	1,473
Industrials	27,856,739	27,856,671	—	68
Information technology	12,364,495	12,364,495	—	—
Materials	11,697,725	11,687,017	—	10,708
Real estate	1,847,559	1,847,559	—	—
Utilities	576,559	576,559	—	—
Short-term investments	1,907,460	1,907,460	—	—
Total investments in securities	$177,642,820	$177,629,497	$458	$12,865
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
Small Cap Stock Trust
Investments in securities:
Assets
Common stocks
Communication services	$4,111,150	$4,111,150	—	—
Consumer discretionary	32,404,138	32,404,138	—	—
Consumer staples	6,720,055	6,720,055	—	—
Energy	4,296,881	4,296,881	—	—
Financials	23,225,960	22,283,580	$942,380	—
Health care	60,754,643	60,754,643	—	—
Industrials	59,098,085	59,098,085	—	—
Information technology	40,137,119	40,137,119	—	—
Materials	8,188,963	8,188,963	—	—
Real estate	8,300,852	8,300,852	—	—
Exchange-traded funds	1,634,444	1,634,444	—	—
Short-term investments	3,756,120	2,156,120	1,600,000	—
Total investments in securities	$252,628,410	$250,086,030	$2,542,380	—
Small Company Value Trust
Investments in securities:
Assets
Common stocks	$126,373,887	$126,373,887	—	—
Short-term investments	4,143,915	4,143,915	—	—
Total investments in securities	$130,517,802	$130,517,802	—	—
Strategic Equity Allocation Trust
Investments in securities:
Assets
Common stocks
Communication services	$505,767,089	$407,853,987	$97,913,102	—
Consumer discretionary	712,527,364	495,703,125	216,824,239	—
Consumer staples	380,647,188	216,112,222	164,534,966	—
Energy	214,876,942	143,854,336	71,022,606	—
Financials	1,203,333,826	651,759,412	551,573,820	$594
Health care	672,069,735	430,699,866	241,246,875	122,994
Industrials	916,208,266	486,827,967	429,380,299	—

302

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Strategic Equity Allocation Trust (continued)
Information technology	$1,605,553,803	$1,426,016,313	$179,537,490	—
Materials	233,223,180	107,127,110	126,085,822	$10,248
Real estate	166,956,415	124,669,617	42,286,798	—
Utilities	192,423,362	116,298,082	76,125,280	—
Preferred securities	6,655,413	—	6,655,413	—
Rights	299,743	299,743	—	—
Warrants	312	312	—	—
Short-term investments	303,131,502	303,131,502	—	—
Total investments in securities	$7,113,674,140	$4,910,353,594	$2,203,186,710	$133,836
Derivatives:
Assets
Futures	$770,444	$770,444	—	—
Liabilities
Futures	(297,042)	(297,042)	—	—
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	$22,807,577	—	$22,807,577	—
Foreign government obligations	44,884,306	—	44,884,306	—
Corporate bonds	105,481,771	—	105,481,771	—
Convertible bonds	4,095,492	—	4,095,492	—
Term loans	21,867,286	—	21,867,286	—
Collateralized mortgage obligations	12,851,731	—	12,851,731	—
Asset-backed securities	3,447,448	—	3,447,448	—
Preferred securities	9,069,647	$9,069,647	—	—
Purchased options	4	—	4	—
Short-term investments	5,692,546	5,692,546	—	—
Total investments in securities	$230,197,808	$14,762,193	$215,435,615	—
Derivatives:
Assets
Futures	$13,747	$13,747	—	—
Forward foreign currency contracts	325,159	—	$325,159	—
Liabilities
Futures	(86,372)	(86,372)	—	—
Forward foreign currency contracts	(131,023)	—	(131,023)	—
Written options	(31,623)	—	(31,623)	—
Total Bond Market Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$768,091,717	—	$768,091,717	—
Foreign government obligations	8,513,288	—	8,513,288	—
Corporate bonds	267,927,796	—	267,927,796	—
Municipal bonds	3,434,345	—	3,434,345	—
Collateralized mortgage obligations	14,729,982	—	14,729,982	—
Asset-backed securities	4,557,732	—	4,557,732	—
Short-term investments	14,186,916	$14,186,916	—	—
Total investments in securities	$1,081,441,776	$14,186,916	$1,067,254,860	—

303

	Total value at 9-30-25	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Total Stock Market Index Trust
Investments in securities:
Assets
Common stocks
Communication services	$109,466,652	$109,466,652	—	—
Consumer discretionary	122,682,516	122,679,024	$3,463	$29
Consumer staples	57,547,072	57,547,072	—	—
Energy	33,342,742	33,342,742	—	—
Financials	157,634,124	157,626,766	7,235	123
Health care	102,938,408	102,900,229	223	37,956
Industrials	104,926,652	104,926,652	—	—
Information technology	357,439,372	357,436,563	—	2,809
Materials	25,519,139	25,518,944	—	195
Real estate	25,444,883	25,443,912	—	971
Utilities	24,599,026	24,599,026	—	—
Preferred securities
Consumer discretionary	1,773	1,773	—	—
Financials	275	—	—	275
Industrials	12,658	12,658	—	—
Rights	1,310	1,310	—	—
Warrants	131	131	—	—
Short-term investments	22,235,599	22,235,599	—	—
Total investments in securities	$1,143,792,332	$1,143,739,053	$10,921	$42,358
Derivatives:
Assets
Futures	$235,374	$235,374	—	—
Liabilities
Futures	(12,144)	(12,144)	—	—
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
U.S. Growth Trust
Investments in securities:
Assets
Common stocks	$736,684,615	$736,684,615	—	—
Short-term investments	12,407,940	12,407,940	—	—
Total investments in securities	$749,092,555	$749,092,555	—	—
Ultra Short Term Bond Trust
Investments in securities:
Assets
U.S. Government and Agency obligations	$873,147	—	$873,147	—
Corporate bonds	118,693,118	—	118,693,118	—
Collateralized mortgage obligations	553,932	—	553,932	—
Asset-backed securities	48,620,543	—	48,620,543	—
Short-term investments	42,363,403	$2,407,913	39,955,490	—
Total investments in securities	$211,104,143	$2,407,913	$208,696,230	—

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:

304

							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	24,639,652	$358,407,091	$577,325,943	$(689,253,746)	$70,270	$(69,258)	$9,244,861	—	$246,480,300
Active Bond Trust
John Hancock Collateral Trust	939,096	$3,717,413	$98,670,795	$(92,989,722)	$(1,423)	$(2,914)	$115,119	—	$9,394,149
Blue Chip Growth Trust
John Hancock Collateral Trust	—	—	$14,895	$(14,895)	—	—	$4,260	—	—
Capital Appreciation Value Trust
John Hancock Collateral Trust	163,945	$150,947	$38,165,524	$(36,676,213)	$(170)	$(80)	$2,309	—	$1,640,008
Core Bond Trust
John Hancock Collateral Trust	168,685	$2,352,408	$22,775,385	$(23,440,040)	$(334)	$4	$4,305	—	$1,687,423
Disciplined Value Emerging Markets Equity Trust
John Hancock Collateral Trust	57,255	$3,660,691	$58,147,096	$(61,235,811)	$709	$64	$83,289	—	$572,749
Disciplined Value International Trust
John Hancock Collateral Trust	199,892	$153,612	$38,929,055	$(37,082,918)	$(70)	$(80)	$42,883	—	$1,999,599
Equity Income Trust
John Hancock Collateral Trust	650,733	$11,923,203	$57,571,657	$(62,984,982)	$(557)	$223	$21,040	—	$6,509,544
Financial Industries Trust
John Hancock Collateral Trust	96,215	$2,715,316	$41,603,988	$(43,356,889)	$16	$42	$95,355	—	$962,473
Fundamental All Cap Core Trust
John Hancock Collateral Trust	12,109	$46,468,206	$230,798,226	$(277,144,580)	$(1,149)	$423	$789,467	—	$121,126
Fundamental Large Cap Value Trust
John Hancock Collateral Trust	929,238	$16,053,207	$77,239,398	$(83,995,009)	$(1,131)	$(924)	$439,419	—	$9,295,541
High Yield Trust
John Hancock Collateral Trust	1,393,729	$12,262,146	$58,892,060	$(57,211,819)	$340	$(698)	$76,007	—	$13,942,029
International Equity Index Trust
John Hancock Collateral Trust	220,712	$1,392,383	$55,222,228	$(54,406,406)	$(248)	$(84)	$40,010	—	$2,207,873
International Small Company Trust
John Hancock Collateral Trust	211,414	$2,955,240	$9,647,627	$(10,487,907)	$91	$(192)	$50,367	—	$2,114,859
Investment Quality Bond Trust
John Hancock Collateral Trust	8,667	$209,385	$5,388,064	$(5,510,723)	$(33)	$3	$1,296	—	$86,696
Lifestyle Balanced Portfolio
John Hancock Collateral Trust	2	$21	$1	—	—	—	$1	—	$22
Select Bond	40,499,045	492,479,965	16,408,815	$(42,026,268)	$(7,083,622)	$36,739,401	—	—	496,518,291
Strategic Equity Allocation	24,543,092	484,091,749	839,099	(53,558,970)	1,334,607	77,298,960	—	—	510,005,445
					$(5,749,015)	$114,038,361	$1	—	$1,006,523,758
Lifestyle Conservative Portfolio
John Hancock Collateral Trust	10	$1,423	$29,368	$(30,689)	$(3)	—	$35	—	$99
Select Bond	9,797,479	125,381,226	3,054,237	(15,818,479)	(2,509,543)	$10,009,647	—	—	120,117,088
Strategic Equity Allocation	1,452,746	30,742,694	2,758,415	(8,222,419)	(63,150)	4,972,528	—	—	30,188,068
					$(2,572,696)	$14,982,175	$35	—	$150,305,255
Lifestyle Growth Portfolio
John Hancock Collateral Trust	8	$5	$319	$(248)	—	—	$2	—	$76

305

							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
Select Bond	121,902,430	$1,518,681,058	$3,688,676	$(119,400,548)	$(19,861,670)	$111,416,278	—	—	$1,494,523,794
Strategic Equity Allocation	180,091,313	3,543,589,137	—	(375,631,707)	54,574,314	519,253,544	—	—	3,741,785,288
					$34,712,644	$630,669,822	$2	—	$5,236,309,158
Lifestyle Moderate Portfolio
John Hancock Collateral Trust	7	$1,125	$21,534	$(22,592)	$(2)	—	$22	—	$65
Select Bond	13,308,442	160,646,561	4,054,823	(11,460,996)	(1,568,744)	$11,489,856	—	—	163,161,500
Strategic Equity Allocation	5,271,065	106,765,553	2,146,382	(16,541,232)	987,961	16,174,074	—	—	109,532,738
					$(580,785)	$27,663,930	$22	—	$272,694,303
Managed Volatility Balanced Portfolio
Blue Chip Growth	3,337,193	$133,218,143	$306,413	$(21,910,716)	$5,675,118	$14,096,338	—	—	$131,385,296
Bond	35,753,734	517,883,586	22,765,140	(64,142,804)	(8,255,572)	23,005,961	$16,781,927	—	491,256,311
Core Bond	14,642,285	180,118,945	3,358,113	(22,743,658)	(3,931,202)	14,073,267	—	—	170,875,465
Disciplined Value	7,180,150	—	193,183,062	(23,925,905)	(401,752)	16,607,875	—	—	185,463,280
Emerging Markets Equity	9,702,771	105,439,611	5,901,775	(20,390,009)	746,796	17,166,912	—	—	108,865,085
Equity Income	—	188,534,182	—	(198,261,904)	24,577,626	(14,849,904)	—	—	—
Fundamental Large Cap Core	3,533,858	203,557,384	79,427,934	(28,618,051)	9,590,582	10,198,849	—	—	274,156,698
John Hancock Collateral Trust	3,904,457	25,880,612	251,953,491	(238,776,818)	(348)	911	1,248,182	—	39,057,848
Mid Cap Growth	2,958,436	36,325,934	976,352	(3,944,178)	(90,019)	2,440,235	—	—	35,708,324
Mid Value	4,568,288	52,139,716	264,457	(3,397,139)	682,029	1,475,759	—	—	51,164,822
Multifactor Developed International ETF	2,202,551	84,986,558	4,775	(15,804,247)	4,166,153	14,704,750	1,622,047	—	88,057,989
Multifactor Emerging Markets ETF	1,588,191	55,319,931	15,565	(15,305,301)	2,008,816	8,235,175	475,848	—	50,274,186
Multifactor Mid Cap ETF	996,586	64,711,303	246,704	(5,564,987)	2,452,987	2,623,141	281,750	—	64,469,148
Multifactor Small Cap ETF	1,362,241	49,819,892	10,934,605	(7,491,684)	2,445,272	1,301,701	251,222	—	57,009,786
Select Bond	102,259,332	1,321,953,750	19,407,508	(164,800,674)	(27,862,175)	105,001,005	—	—	1,253,699,414
Small Cap Dynamic Growth	3,216,514	18,795,726	39,567,084	(9,420,820)	(1,378,121)	9,271,935	—	—	56,835,804
Small Cap Value	—	44,517,926	—	(39,270,285)	(5,167,962)	(79,679)	—	—	—
Strategic Equity Allocation	41,723,892	893,255,644	—	(161,178,992)	1,419,117	133,526,705	—	—	867,022,474
					$6,677,345	$358,800,936	$20,660,976	—	$3,925,301,930
Managed Volatility Conservative Portfolio
Blue Chip Growth	193,017	$7,781,835	$523,888	$(1,905,518)	$867,956	$330,908	—	—	$7,599,069
Bond	7,106,293	104,145,774	4,210,050	(13,716,062)	(1,690,996)	4,691,695	$3,399,210	—	97,640,461
Core Bond	2,900,470	36,103,649	325,473	(4,626,802)	(869,916)	2,916,084	—	—	33,848,488
Disciplined Value	475,306	—	12,857,453	(1,696,815)	17,383	1,099,128	—	—	12,277,149
Emerging Markets Equity	384,159	4,637,007	176,797	(1,242,343)	(637,180)	1,375,979	—	—	4,310,260
Equity Income	—	12,924,053	—	(13,580,590)	1,065,530	(408,993)	—	—	—
Fundamental Large Cap Core	184,821	10,796,643	4,563,838	(2,105,699)	166,343	917,270	—	—	14,338,395
John Hancock Collateral Trust	340,249	2,428,405	12,383,152	(11,407,588)	(200)	(119)	121,766	—	3,403,650

306

							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
Multifactor Emerging Markets ETF	62,665	$1,927,996	$197,006	$(544,860)	$141,079	$262,440	$19,119	—	$1,983,661
Multifactor Mid Cap ETF	103,839	6,980,705	217,185	(1,044,488)	594,126	(30,183)	30,219	—	6,717,345
Multifactor Small Cap ETF	63,295	5,511,024	322,802	(3,085,425)	570,235	(669,740)	12,028	—	2,648,896
Select Bond	20,288,437	265,308,333	2,291,592	(34,468,921)	(6,129,502)	21,734,737	—	—	248,736,239
Small Cap Dynamic Growth	150,045	—	2,744,528	(579,485)	62,794	423,464	—	—	2,651,301
Strategic Equity Allocation	2,111,709	45,861,179	384,296	(9,405,499)	(109,276)	7,150,603	—	—	43,881,303
					$(5,951,624)	$39,793,273	$3,582,342	—	$480,036,217
Managed Volatility Growth Portfolio
Blue Chip Growth	5,406,443	$219,285,230	$334,568	$(38,230,643)	$8,601,865	$22,860,654	—	—	$212,851,674
Bond	27,617,811	401,744,089	25,019,798	(58,613,714)	(7,563,835)	18,882,378	$12,865,306	—	379,468,716
Core Bond	11,340,264	139,993,115	5,420,982	(20,876,441)	(3,778,380)	11,581,604	—	—	132,340,880
Disciplined Value	11,562,377	—	313,656,166	(40,267,905)	(1,518,939)	26,786,871	—	—	298,656,193
Emerging Markets Equity	20,240,297	222,086,295	11,269,357	(43,155,463)	324,751	36,571,188	—	—	227,096,128
Equity Income	—	306,311,782	—	(322,055,415)	36,663,438	(20,919,805)	—	—	—
Fundamental Large Cap Core	5,748,384	367,103,607	99,848,554	(52,471,353)	21,616,654	9,862,151	—	—	445,959,613
John Hancock Collateral Trust	6,186,414	20,005,584	470,643,089	(428,763,799)	(1,907)	2,205	1,823,809	—	61,885,172
Mid Cap Growth	7,059,632	88,058,003	6,844,267	(15,257,388)	(3,509,491)	9,074,367	—	—	85,209,758
Mid Value	9,874,290	113,868,564	745,011	(8,553,215)	1,630,386	2,901,305	—	—	110,592,051
Multifactor Developed International ETF	6,062,373	201,844,090	31,085,288	(39,550,410)	10,344,220	38,650,485	4,464,574	—	242,373,673
Multifactor Emerging Markets ETF	3,318,949	115,333,213	31,505	(31,409,039)	3,876,497	17,229,155	980,550	—	105,061,331
Multifactor Mid Cap ETF	1,828,510	120,095,945	639,702	(11,542,282)	4,947,488	4,145,459	511,887	—	118,286,312
Multifactor Small Cap ETF	2,604,776	111,164,781	5,833,510	(13,438,228)	4,260,253	1,189,560	475,674	—	109,009,876
Select Bond	79,425,804	1,030,948,704	35,818,767	(152,577,145)	(24,962,032)	84,532,068	—	—	973,760,362
Small Cap Dynamic Growth	6,150,027	35,336,980	74,767,898	(16,302,809)	(2,111,430)	16,980,329	—	—	108,670,968
Small Cap Value	—	72,639,391	—	(64,076,877)	(6,798,698)	(1,763,816)	—	—	—
Strategic Equity Allocation	77,827,168	1,689,234,539	—	(318,582,383)	(10,820,455)	257,416,846	—	—	1,617,248,547
					$31,200,385	$535,983,004	$21,121,800	—	$5,228,471,254
Managed Volatility Moderate Portfolio
Blue Chip Growth	743,609	$29,870,414	$15,548	$(5,030,902)	$1,490,872	$2,929,935	—	—	$29,275,867
Bond	11,029,978	161,390,442	6,898,526	(21,316,455)	(2,720,387)	7,299,773	$5,249,177	—	151,551,899
Core Bond	4,517,352	56,160,262	683,319	(7,288,989)	(1,242,468)	4,405,370	—	—	52,717,494
Disciplined Value	1,679,924	—	45,434,712	(5,904,489)	(26,098)	3,888,301	—	—	43,392,426
Emerging Markets Equity	1,801,510	21,265,505	285,826	(4,738,016)	88,158	3,311,471	—	—	20,212,944
Equity Income	—	44,426,347	—	(46,721,441)	6,594,768	(4,299,674)	—	—	—
Fundamental Large Cap Core	797,466	44,395,121	19,906,146	(6,901,921)	2,458,995	2,009,057	—	—	61,867,398

307

							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	756,395	$6,943,245	$54,952,776	$(54,329,477)	$35	$(60)	$295,936	—	$7,566,519
Mid Cap Growth	750,739	9,240,655	787,473	(1,602,141)	(2,548)	637,978	—	—	9,061,417
Mid Value	1,061,481	12,172,396	124,211	(912,327)	392,989	111,324	—	—	11,888,593
Multifactor Developed International ETF	239,139	9,268,134	34,735	(1,799,370)	426,104	1,631,174	175,445	—	9,560,777
Multifactor Emerging Markets ETF	294,780	8,960,851	406,485	(1,900,647)	289,955	1,574,617	88,829	—	9,331,261
Multifactor Mid Cap ETF	116,682	7,627,402	38,962	(718,569)	319,531	280,833	33,264	—	7,548,159
Multifactor Small Cap ETF	229,915	6,218,555	4,011,814	(1,463,617)	770,597	84,594	42,804	—	9,621,943
Select Bond	31,564,582	412,288,069	4,433,599	(53,803,513)	(8,908,808)	32,972,434	—	—	386,981,781
Small Cap Dynamic Growth	542,869	4,064,452	6,163,381	(1,862,505)	(417,610)	1,644,781	—	—	9,592,499
Small Cap Value	—	8,903,629	—	(7,854,096)	(1,068,594)	19,061	—	—	—
Strategic Equity Allocation	8,761,714	189,212,514	—	(35,881,684)	3,230,310	25,507,275	—	—	182,068,415
					$1,675,801	$84,008,244	$5,885,455	—	$1,002,239,392
Mid Cap Growth Trust
John Hancock Collateral Trust	574,066	$844,750	$92,039,305	$(87,141,646)	$402	$(194)	$11,079	—	$5,742,617
Mid Cap Index Trust
John Hancock Collateral Trust	4,151,832	$38,188,441	$269,662,925	$(266,313,560)	$(1,930)	$(3,438)	$938,050	—	$41,532,438
Mid Value Trust
John Hancock Collateral Trust	99,966	$7,121,549	$84,130,953	$(90,251,555)	$(711)	$(236)	$90,199	—	$1,000,000
Opportunistic Fixed Income Trust
John Hancock Collateral Trust	1,008,664	$2,067,770	$65,349,092	$(57,326,040)	$(422)	$(335)	$24,002	—	$10,090,065
Real Estate Securities Trust
John Hancock Collateral Trust	—	—	$2,726,400	$(2,726,410)	$10	—	—	—	—
Science & Technology Trust
John Hancock Collateral Trust	418,140	$3,103,289	$88,558,206	$(87,477,986)	$(640)	$(45)	$1,455,350	—	$4,182,824
Select Bond Trust
John Hancock Collateral Trust	18,433,618	$32,684,463	$1,076,564,896	$(924,877,099)	$27,930	$(1,343)	$1,716,298	—	$184,398,847
Short Term Government Income Trust
John Hancock Collateral Trust	151,271	$2,158,408	$130,604,633	$(131,248,178)	$(1,663)	$27	$82,388	—	$1,513,227
Small Cap Core Trust
John Hancock Collateral Trust	1,698,104	$4,131,989	$58,937,982	$(46,082,790)	$(393)	$21	$109,544	—	$16,986,809
Small Cap Index Trust
John Hancock Collateral Trust	3,716,087	$24,215,235	$158,971,678	$(146,014,775)	$1,832	$(462)	$815,263	—	$37,173,508
Small Cap Opportunities Trust
John Hancock Collateral Trust	157,114	$217,658	$13,052,963	$(11,698,922)	$15	$(42)	$6,091	—	$1,571,672
Small Cap Stock Trust
John Hancock Collateral Trust	215,539	$4,074,271	$74,497,273	$(76,414,997)	$(437)	$10	$17,498	—	$2,156,120
Small Company Value Trust

308

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
John Hancock Collateral Trust	339,834	$469,701	$20,755,699	$(17,826,024)	$157	$(41)	$8,709	—	$3,399,492
Strategic Equity Allocation Trust
John Hancock Collateral Trust	30,302,847	$238,632,355	$1,445,932,254	$(1,381,427,272)	$17,636	$(23,471)	$8,021,960	—	$303,131,502
Strategic Income Opportunities Trust
John Hancock Collateral Trust	569,061	$11,224,211	$118,705,591	$(124,237,811)	$1,061	$(506)	$272,564	—	$5,692,546
Total Bond Market Trust
John Hancock Collateral Trust	1,418,210	$9,802,503	$236,244,899	$(231,859,695)	$(975)	$184	$235,132	—	$14,186,916
Total Stock Market Index Trust
John Hancock Collateral Trust	2,222,804	$25,230,922	$141,251,677	$(144,242,321)	$(2,427)	$(2,252)	$897,685	—	$22,235,599
Ultra Short Term Bond Trust
John Hancock Collateral Trust	240,710	$270,479	$144,208,170	$(142,071,109)	$311	$62	$120,512	—	$2,407,913

Investment in affiliates of advisor. Information regarding the portfolios’ fiscal year to date purchases and sales of affiliated investments of the advisor as well as income and capital gains earned by the portfolios, if any, is as follows:

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
International Equity Index Trust
Manulife Financial Corp.	61,400	$1,895,490	$19,109	$(27,312)	$7,958	$17,742	$48,805	—	$1,912,987

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 September 30, 2025:

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
New Cotai, Inc., Class B	4-12-13	0	3	—	—	3	0.0%	0
								$166
Mid Cap Growth Trust
Essence Group Holdings Corp.	5-1-14	$2,731,549	1,663,188	—	—	1,663,188	0.2%	$1,380,446
Lookout, Inc., Series F	7-31-14	2,338,736	211,003	—	—	211,003	0.2%	1,162,627
								$2,543,073

¹ Less than 0.05%.

Transactions in securities of affiliated issuers. Affiliated issuers, as defined by the 1940 Act, are those in which the portfolios' holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the portfolios' transactions in the securities of these issuers during the period ended September 30, 2025, is set forth below:

							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
American International Trust
American International Fund - Class 1	17,759,417	$349,028,504	$4,355,236	$(39,733,846)	$(4,420,439)	$76,505,075	$236,692	—	$385,734,530

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

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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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