NPORT-EX 3 edgar.htm
John Hancock
Investors Trust
Quarterly portfolio holdings 7/31/2021
Fund’s investments  
As of 7-31-21 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 1.8% (1.2% of Total investments)   $2,986,267
(Cost $2,852,931)          
U.S. Government Agency 1.8%         2,986,267
Federal National Mortgage Association          
30 Yr Pass Thru 4.000 12-01-40   1,015,881 1,115,446
30 Yr Pass Thru 4.000 09-01-41   825,943 903,502
30 Yr Pass Thru 4.000 10-01-41   459,552 504,428
30 Yr Pass Thru 4.000 01-01-42   252,696 277,451
30 Yr Pass Thru 6.500 01-01-39   155,572 185,440
Foreign government obligations 0.3% (0.2% of Total investments)   $560,325
(Cost $551,373)          
Argentina 0.3%         560,325
Republic of Argentina
Bond (2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) 		2.500 07-09-41   1,500,000 560,325
Corporate bonds 134.6% (88.5% of Total investments)   $222,202,261
(Cost $209,567,485)          
Communication services 26.8%       44,261,749
Diversified telecommunication services 4.3%      
Connect Finco SARL (A) 6.750 10-01-26   1,110,000 1,166,888
Level 3 Financing, Inc. (A) 4.625 09-15-27   1,245,000 1,292,933
Radiate Holdco LLC (A)(B) 4.500 09-15-26   365,000 377,779
Radiate Holdco LLC (A) 6.500 09-15-28   555,000 576,745
Telecom Argentina SA (A) 8.000 07-18-26   350,000 336,004
Telecom Italia Capital SA 6.000 09-30-34   1,560,000 1,790,100
Total Play Telecomunicaciones SA de CV (A)(B)(C) 7.500 11-12-25   1,500,000 1,602,150
Entertainment 1.9%      
AMC Entertainment Holdings, Inc. (10.000% Cash or 12.000% PIK) (A) 12.000 06-15-26   1,090,000 972,825
Cinemark USA, Inc. (A) 5.250 07-15-28   760,000 714,400
Cinemark USA, Inc. (A) 8.750 05-01-25   450,000 480,330
Lions Gate Capital Holdings LLC (A)(B)(C) 5.500 04-15-29   955,000 977,634
Interactive media and services 1.0%      
ANGI Group LLC (A)(B) 3.875 08-15-28   280,000 279,650
Cars.com, Inc. (A)(B)(C) 6.375 11-01-28   750,000 798,915
Match Group Holdings II LLC (A) 5.625 02-15-29   500,000 546,875
Media 10.8%      
Altice Financing SA (A) 5.000 01-15-28   760,000 746,700
Altice Financing SA (A) 7.500 05-15-26   1,300,000 1,352,351
Altice France Holding SA (A)(B)(C) 6.000 02-15-28   710,000 700,238
Altice France Holding SA (A) 10.500 05-15-27   500,000 550,000
Cable One, Inc. (A)(B)(C) 4.000 11-15-30   456,000 458,280
CCO Holdings LLC (A)(B)(C) 5.000 02-01-28   630,000 660,555
CCO Holdings LLC (A)(B)(C) 5.125 05-01-27   645,000 674,831
Clear Channel Outdoor Holdings, Inc. (A) 7.500 06-01-29   640,000 664,358
Clear Channel Outdoor Holdings, Inc. (A)(B)(C) 7.750 04-15-28   474,000 494,297
Comcast Corp. (B) 3.300 04-01-27   820,000 907,838
CSC Holdings LLC (A)(B)(C) 5.500 04-15-27   1,175,000 1,229,285
Grupo Televisa SAB (B)(C) 4.625 01-30-26   725,000 809,774
Grupo Televisa SAB 8.490 05-11-37 MXN 26,200,000 1,203,669
iHeartCommunications, Inc. (B)(C) 8.375 05-01-27   1,200,000 1,276,488
LCPR Senior Secured Financing DAC (A) 6.750 10-15-27   1,050,000 1,120,340
MDC Partners, Inc. (A) 7.500 05-01-24   1,955,000 1,990,777
2 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Communication services (continued)        
Media (continued)      
National CineMedia LLC 5.750 08-15-26   400,000 $332,616
Townsquare Media, Inc. (A) 6.875 02-01-26   470,000 501,138
ViacomCBS, Inc. (B)(C) 5.850 09-01-43   1,125,000 1,572,431
WMG Acquisition Corp. (A)(B)(C) 3.000 02-15-31   560,000 542,410
Wireless telecommunication services 8.8%      
America Movil SAB de CV 6.450 12-05-22 MXN 10,370,000 521,400
SoftBank Group Corp. 5.125 09-19-27   1,000,000 1,029,321
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (D) 6.875 07-19-27   4,573,000 4,697,614
Sprint Corp. (B) 7.125 06-15-24   1,750,000 2,012,063
Sprint Corp. (B) 7.875 09-15-23   1,000,000 1,131,400
T-Mobile USA, Inc. 3.375 04-15-29   2,000,000 2,082,380
Turkcell Iletisim Hizmetleri AS 5.750 10-15-25   1,255,000 1,352,679
U.S. Cellular Corp. (B) 6.700 12-15-33   1,395,000 1,733,288
Consumer discretionary 19.3%       31,877,040
Auto components 0.8%      
The Goodyear Tire & Rubber Company (A) 5.000 07-15-29   550,000 578,584
The Goodyear Tire & Rubber Company (B)(C) 5.250 04-30-31   650,000 688,311
Automobiles 4.6%      
Ford Motor Company (B)(C) 4.750 01-15-43   683,000 749,791
General Motors Company (B) 5.400 10-02-23   1,150,000 1,261,247
General Motors Company (B) 6.750 04-01-46   1,500,000 2,185,686
General Motors Company (B) 6.800 10-01-27   734,000 934,163
General Motors Financial Company, Inc. (5.700% to 9-30-30, then 5 Year CMT + 4.997%) (D) 5.700 09-30-30   1,000,000 1,141,310
Nissan Motor Company, Ltd. (A) 4.345 09-17-27   1,000,000 1,110,719
Tesla, Inc. (A)(B)(C) 5.300 08-15-25   300,000 307,833
Diversified consumer services 1.8%      
Garda World Security Corp. (A) 4.625 02-15-27   750,000 752,790
Sotheby’s (A)(B)(C) 7.375 10-15-27   780,000 833,157
Stena International SA (A) 6.125 02-01-25   800,000 830,000
StoneMor, Inc. (A) 8.500 05-15-29   530,000 531,426
Hotels, restaurants and leisure 8.4%      
Affinity Gaming (A) 6.875 12-15-27   1,000,000 1,060,300
Bally’s Corp. (A) 6.750 06-01-27   1,680,000 1,814,400
Caesars Resort Collection LLC (A) 5.750 07-01-25   280,000 294,350
CEC Entertainment LLC (A) 6.750 05-01-26   430,000 430,086
Dave & Buster’s, Inc. (A) 7.625 11-01-25   400,000 423,348
Everi Holdings, Inc. (A) 5.000 07-15-29   180,000 184,050
Expedia Group, Inc. (B) 4.625 08-01-27   815,000 929,952
Expedia Group, Inc. (B)(C) 5.000 02-15-26   1,000,000 1,139,408
Full House Resorts, Inc. (A) 8.250 02-15-28   670,000 725,007
Jacobs Entertainment, Inc. (A) 7.875 02-01-24   1,261,000 1,313,016
Life Time, Inc. (A) 5.750 01-15-26   600,000 610,482
Marriott Ownership Resorts, Inc. (A) 6.125 09-15-25   390,000 412,425
MGM Resorts International 6.000 03-15-23   610,000 644,313
Mohegan Gaming & Entertainment (A) 8.000 02-01-26   640,000 666,342
New Red Finance, Inc. (A) 4.375 01-15-28   585,000 593,073
Travel + Leisure Company (A) 4.625 03-01-30   639,000 659,921
Travel + Leisure Company 6.600 10-01-25   1,190,000 1,332,800
Travel + Leisure Company (A) 6.625 07-31-26   465,000 519,056
Waterford Gaming LLC (A)(E)(F) 8.625 09-15-14   363,162 0
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST 3
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)        
Hotels, restaurants and leisure (continued)      
Wyndham Hotels & Resorts, Inc. (A) 4.375 08-15-28   180,000 $186,064
Household durables 0.4%      
Taylor Morrison Communities, Inc. (A) 5.125 08-01-30   600,000 652,500
Multiline retail 1.7%      
Macy’s, Inc. (A) 8.375 06-15-25   700,000 763,000
Nordstrom, Inc. (B)(C) 4.250 08-01-31   500,000 521,875
Nordstrom, Inc. (B)(C) 5.000 01-15-44   1,500,000 1,492,480
Specialty retail 1.4%      
Lithia Motors, Inc. (A)(B)(C) 3.875 06-01-29   550,000 579,161
Lithia Motors, Inc. (A) 4.375 01-15-31   675,000 736,155
The Michaels Companies, Inc. (A) 5.250 05-01-28   905,000 936,675
Textiles, apparel and luxury goods 0.2%      
Hanesbrands, Inc. (A) 5.375 05-15-25   335,000 351,784
Consumer staples 1.9%       3,118,773
Food products 1.6%      
JBS USA Food Company (A) 5.750 01-15-28   570,000 600,780
Kraft Heinz Foods Company 6.750 03-15-32   1,098,000 1,504,726
Post Holdings, Inc. (A)(B) 5.625 01-15-28   510,000 536,775
Household products 0.3%      
Edgewell Personal Care Company (A)(B)(C) 5.500 06-01-28   450,000 476,492
Energy 16.4%       27,064,621
Energy equipment and services 1.5%      
CSI Compressco LP (A)(B)(C) 7.500 04-01-25   500,000 500,795
CSI Compressco LP (A) 7.500 04-01-25   380,000 380,604
CSI Compressco LP (10.000% Cash or 7.250% Cash and 2.750% PIK) (A) 10.000 04-01-26   1,215,429 1,118,195
Transocean, Inc. (A) 8.000 02-01-27   655,000 482,879
Oil, gas and consumable fuels 14.9%      
Antero Midstream Partners LP (A)(B) 5.375 06-15-29   425,000 436,450
Antero Resources Corp. (B)(C) 5.000 03-01-25   735,000 747,863
Antero Resources Corp. (A)(B)(C) 5.375 03-01-30   170,000 172,975
Antero Resources Corp. (A) 7.625 02-01-29   634,000 694,832
Calumet Specialty Products Partners LP 7.750 04-15-23   700,000 693,000
Cenovus Energy, Inc. 6.750 11-15-39   295,000 402,424
Cheniere Energy Partners LP 4.500 10-01-29   1,620,000 1,747,575
DCP Midstream LP (7.375% to 12-15-22, then 3 month LIBOR + 5.148%) (D) 7.375 12-15-22   700,000 680,425
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A) 5.850 05-21-43   560,000 518,000
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) (B) 5.750 07-15-80   250,000 282,503
Energy Transfer LP (B)(C) 4.200 04-15-27   1,000,000 1,117,000
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) 7.125 05-15-30   1,285,000 1,328,369
Marathon Petroleum Corp. (B)(C) 4.750 09-15-44   1,500,000 1,803,801
MEG Energy Corp. (A) 5.875 02-01-29   237,000 244,703
New Fortress Energy, Inc. (A) 6.500 09-30-26   1,000,000 1,010,220
Occidental Petroleum Corp. (B) 5.500 12-01-25   450,000 495,000
Occidental Petroleum Corp. (B)(C) 6.375 09-01-28   340,000 396,100
Occidental Petroleum Corp. (B) 6.625 09-01-30   340,000 414,800
Odebrecht Oil & Gas Finance, Ltd., Zero Coupon (A)(D) 0.000 08-30-21   100,959 1,011
Parkland Corp. (A)(B) 5.875 07-15-27   1,150,000 1,226,188
Parsley Energy LLC (A)(B) 4.125 02-15-28   1,115,000 1,170,750
4 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Energy (continued)        
Oil, gas and consumable fuels (continued)      
PBF Holding Company LLC (B) 6.000 02-15-28   886,000 $462,669
PBF Holding Company LLC (B) 7.250 06-15-25   605,000 363,000
Petroleos Mexicanos (B)(C) 6.840 01-23-30   635,000 662,432
Petroleos Mexicanos 7.470 11-12-26 MXN 31,356,000 1,409,789
Plains All American Pipeline LP (6.125% to 11-15-22, then 3 month LIBOR + 4.110%) (B)(D) 6.125 11-15-22   1,250,000 1,117,188
Sabine Pass Liquefaction LLC (B) 5.000 03-15-27   1,000,000 1,165,671
SM Energy Company (B)(C) 6.750 09-15-26   390,000 387,017
Southwestern Energy Company (B)(C) 8.375 09-15-28   770,000 858,704
Talos Production, Inc. 12.000 01-15-26   660,000 687,641
The Oil and Gas Holding Company BSCC (A) 7.500 10-25-27   1,155,000 1,279,048
Venture Global Calcasieu Pass LLC (A) 3.875 08-15-29   605,000 605,000
Financials 23.9%       39,373,396
Banks 15.1%      
Bank of America Corp. (6.100% to 3-17-25, then 3 month LIBOR + 3.898%) (B)(D) 6.100 03-17-25   2,760,000 3,099,287
Barclays PLC (6.125% to 12-15-25, then 5 Year CMT + 5.867%) (B)(C)(D) 6.125 12-15-25   885,000 985,341
BNP Paribas SA (7.000% to 8-16-28, then 5 Year U.S. Swap Rate + 3.980%) (A)(B)(C)(D) 7.000 08-16-28   1,205,000 1,451,278
Citizens Financial Group, Inc. (5.650% to 10-6-25, then 5 Year CMT + 5.313%) (B)(C)(D) 5.650 10-06-25   1,000,000 1,120,000
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (A)(B)(C)(D) 7.875 01-23-24   865,000 975,288
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) (A)(B)(C)(D) 8.125 12-23-25   2,495,000 3,035,652
Freedom Mortgage Corp. (A) 6.625 01-15-27   395,000 383,583
Freedom Mortgage Corp. (A)(B)(C) 8.250 04-15-25   709,000 735,588
HSBC Holdings PLC (4.600% to 12-17-30, then 5 Year CMT + 3.649%) (B)(D) 4.600 12-17-30   500,000 513,500
HSBC Holdings PLC (6.500% to 3-23-28, then 5 Year ICE Swap Rate + 3.606%) (B)(C)(D) 6.500 03-23-28   2,080,000 2,371,200
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (D) 6.500 04-16-25   1,410,000 1,574,618
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B)(D) 6.750 02-01-24   2,500,000 2,761,000
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (D) 7.500 06-27-24   1,165,000 1,314,644
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (D) 6.000 12-29-25   800,000 889,000
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (A)(B)(D) 7.375 09-13-21   1,970,000 1,979,476
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B)(C)(D) 5.875 06-15-25   1,565,000 1,772,363
Capital markets 1.0%      
Credit Suisse Group AG (7.250% to 9-12-25, then 5 Year ICE Swap Rate + 4.332%) (A)(D) 7.250 09-12-25   1,500,000 1,690,126
Consumer finance 4.5%      
Ally Financial, Inc. (B)(C) 5.800 05-01-25   2,000,000 2,325,733
Avation Capital SA (8.250% Cash or 9.000% PIK) (A) 8.250 10-31-26   732,534 597,015
Enova International, Inc. (A) 8.500 09-01-24   465,000 476,625
Enova International, Inc. (A) 8.500 09-15-25   1,200,000 1,249,500
OneMain Finance Corp. (B) 6.875 03-15-25   1,650,000 1,871,633
OneMain Finance Corp. (B) 7.125 03-15-26   725,000 853,688
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST 5
  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Insurance 2.0%      
Athene Holding, Ltd. (B) 6.150 04-03-30   1,500,000 $1,925,206
Prudential Financial, Inc. (3.700% to 7-1-30, then 5 Year CMT + 3.035%) (B)(C) 3.700 10-01-50   600,000 634,189
SBL Holdings, Inc. (A)(B) 5.000 02-18-31   587,000 632,792
Mortgage real estate investment trusts 0.9%      
Starwood Property Trust, Inc. (B) 5.000 12-15-21   970,000 972,425
Starwood Property Trust, Inc. (A) 5.500 11-01-23   500,000 524,375
Thrifts and mortgage finance 0.4%      
PennyMac Financial Services, Inc. (A)(B) 4.250 02-15-29   680,000 658,271
Health care 8.0%       13,261,943
Health care providers and services 5.0%      
Centene Corp. 2.625 08-01-31   726,000 726,000
Centene Corp. 3.000 10-15-30   980,000 1,018,357
Centene Corp. 3.375 02-15-30   515,000 537,289
Centene Corp. 4.625 12-15-29   400,000 438,380
Centene Corp. (A) 5.375 06-01-26   1,000,000 1,041,700
DaVita, Inc. (A) 3.750 02-15-31   440,000 426,699
Encompass Health Corp. (B)(C) 4.750 02-01-30   600,000 640,500
HCA, Inc. (B)(C) 5.250 04-15-25   1,000,000 1,147,497
HCA, Inc. (B) 5.500 06-15-47   1,760,000 2,340,853
Pharmaceuticals 3.0%      
Bausch Health Americas, Inc. (A) 9.250 04-01-26   1,000,000 1,082,500
Bausch Health Companies, Inc. (A) 4.875 06-01-28   1,700,000 1,754,128
Bausch Health Companies, Inc. (A) 7.000 01-15-28   900,000 945,000
Jazz Securities DAC (A) 4.375 01-15-29   378,000 393,982
Organon & Company (A)(B) 4.125 04-30-28   750,000 769,058
Industrials 17.1%       28,146,442
Aerospace and defense 1.2%      
Bombardier, Inc. (A) 7.125 06-15-26   570,000 592,789
Bombardier, Inc. (A)(B)(C) 7.875 04-15-27   1,380,000 1,428,645
Air freight and logistics 0.3%      
Watco Companies LLC (A) 6.500 06-15-27   450,000 481,122
Airlines 4.1%      
American Airlines 2013-1 Class A Pass Through Trust 4.000 07-15-25   403,499 391,394
American Airlines Group, Inc. (A)(B)(C) 5.000 06-01-22   900,000 897,750
American Airlines, Inc. (A)(B) 11.750 07-15-25   1,100,000 1,375,000
Delta Air Lines, Inc. (A)(B) 7.000 05-01-25   1,000,000 1,176,250
Delta Air Lines, Inc. (B)(C) 7.375 01-15-26   900,000 1,059,490
United Airlines 2020-1 Class A Pass Through Trust (B) 5.875 10-15-27   454,463 503,318
United Airlines 2020-1 Class B Pass Through Trust (B) 4.875 01-15-26   374,634 391,025
United Airlines, Inc. (A) 4.625 04-15-29   825,000 848,719
Virgin Australia Holdings Pty, Ltd. (A)(E) 8.125 11-15-24   1,100,000 104,500
Building products 0.3%      
Builders FirstSource, Inc. (A) 5.000 03-01-30   370,000 393,588
Commercial services and supplies 2.0%      
Allied Universal Holdco LLC (A) 6.625 07-15-26   1,100,000 1,164,625
APX Group, Inc. (A) 5.750 07-15-29   665,000 667,673
Cimpress PLC (A) 7.000 06-15-26   1,300,000 1,365,000
LSC Communications, Inc. (A)(E) 8.750 10-15-23   2,100,000 63,000
6 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)        
Construction and engineering 2.0%      
AECOM 5.125 03-15-27   650,000 $723,125
Global Infrastructure Solutions, Inc. (A) 5.625 06-01-29   650,000 667,063
MasTec, Inc. (A) 4.500 08-15-28   450,000 474,534
Picasso Finance Sub, Inc. (A)(B) 6.125 06-15-25   425,000 450,500
Tutor Perini Corp. (A)(B)(C) 6.875 05-01-25   1,000,000 1,032,500
Electrical equipment 0.2%      
Atkore, Inc. (A)(B)(C) 4.250 06-01-31   345,000 352,763
Industrial conglomerates 0.5%      
General Electric Company (B)(C) 4.350 05-01-50   700,000 862,414
Machinery 0.8%      
JB Poindexter & Company, Inc. (A) 7.125 04-15-26   625,000 658,594
TK Elevator US Newco, Inc. (A)(B) 5.250 07-15-27   600,000 633,630
Marine 0.3%      
Seaspan Corp. (A)(B) 5.500 08-01-29   460,000 458,717
Professional services 0.4%      
Nielsen Finance LLC (A) 4.500 07-15-29   700,000 705,247
Road and rail 2.5%      
Uber Technologies, Inc. (A)(B)(C) 6.250 01-15-28   1,865,000 2,012,335
Uber Technologies, Inc. (A) 7.500 09-15-27   600,000 655,620
Uber Technologies, Inc. (A) 8.000 11-01-26   1,350,000 1,446,188
Trading companies and distributors 2.5%      
Ashland LLC 6.875 05-15-43   845,000 1,081,600
Beacon Roofing Supply, Inc. (A)(B)(C) 4.125 05-15-29   980,000 977,550
Boise Cascade Company (A) 4.875 07-01-30   625,000 661,719
H&E Equipment Services, Inc. (A) 3.875 12-15-28   800,000 793,000
WESCO Distribution, Inc. (A) 7.250 06-15-28   535,000 595,455
Information technology 6.0%       9,905,801
IT services 1.3%      
Sabre GLBL, Inc. (A)(B) 9.250 04-15-25   1,000,000 1,170,000
Sixsigma Networks Mexico SA de CV (A)(B)(C) 7.500 05-02-25   725,000 681,573
Square, Inc. (A)(B) 3.500 06-01-31   325,000 337,704
Software 0.2%      
BY Crown Parent LLC (A) 4.250 01-31-26   305,000 320,250
Technology hardware, storage and peripherals 4.5%      
Dell International LLC (B) 8.350 07-15-46   1,600,000 2,619,116
Seagate HDD Cayman (B) 4.875 06-01-27   549,000 612,135
Seagate HDD Cayman (B)(C) 5.750 12-01-34   1,700,000 2,009,604
Xerox Corp. 6.750 12-15-39   650,000 731,250
Xerox Holdings Corp. (A) 5.500 08-15-28   1,350,000 1,424,169
Materials 7.1%       11,774,112
Chemicals 2.7%      
Orbia Advance Corp. SAB de CV (A) 5.500 01-15-48   835,000 993,650
The Chemours Company (A) 5.750 11-15-28   1,500,000 1,591,875
The Scotts Miracle-Gro Company (B) 4.500 10-15-29   720,000 750,694
Trinseo Materials Operating SCA (A) 5.125 04-01-29   1,100,000 1,119,250
Containers and packaging 0.9%      
Owens-Brockway Glass Container, Inc. (A)(B)(C) 6.625 05-13-27   750,000 810,000
Sealed Air Corp. (A)(B) 6.875 07-15-33   500,000 640,000
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST 7
  Rate (%) Maturity date   Par value^ Value
Materials (continued)        
Metals and mining 3.5%      
First Quantum Minerals, Ltd. (A) 6.875 10-15-27   1,400,000 $1,517,250
Freeport-McMoRan, Inc. 4.250 03-01-30   550,000 593,313
Freeport-McMoRan, Inc. 5.450 03-15-43   1,100,000 1,413,984
Novelis Corp. (A) 3.250 11-15-26   440,000 446,600
Novelis Corp. (A)(B) 4.750 01-30-30   810,000 862,496
QVC, Inc. (B) 5.950 03-15-43   1,000,000 1,035,000
Real estate 2.6%       4,352,813
Equity real estate investment trusts 1.5%      
GLP Capital LP 5.375 04-15-26   815,000 943,265
Trust Fibra Uno 6.390 01-15-50   1,000,000 1,189,630
VICI Properties LP (A)(B)(C) 4.625 12-01-29   350,000 374,500
Real estate management and development 1.1%      
Realogy Group LLC (A)(B) 5.750 01-15-29   690,000 723,638
WeWork Companies, Inc. (A) 7.875 05-01-25   1,100,000 1,121,780
Utilities 5.5%       9,065,571
Electric utilities 2.5%      
Instituto Costarricense de Electricidad (A) 6.375 05-15-43   1,595,000 1,395,641
NRG Energy, Inc. (A)(B) 3.375 02-15-29   275,000 273,625
NRG Energy, Inc. (A)(B)(C) 3.625 02-15-31   430,000 433,225
NRG Energy, Inc. (B) 6.625 01-15-27   1,100,000 1,138,720
Vistra Operations Company LLC (A)(B) 5.500 09-01-26   900,000 927,000
Gas utilities 1.2%      
AmeriGas Partners LP (B) 5.750 05-20-27   1,000,000 1,127,500
NGL Energy Operating LLC (A) 7.500 02-01-26   749,000 769,598
Independent power and renewable electricity producers 0.4%      
Clearway Energy Operating LLC (A) 4.750 03-15-28   650,000 689,000
Multi-utilities 1.4%      
Berkshire Hathaway Energy Company (B)(C) 4.050 04-15-25   895,000 996,306
Sempra Energy (4.875% to 10-15-25, then 5 Year CMT + 4.550%) (B)(D) 4.875 10-15-25   1,205,000 1,314,956
Convertible bonds 0.5% (0.3% of Total investments)   $779,850
(Cost $705,674)          
Information technology 0.5%       779,850
IT services 0.5%      
Sabre GLBL, Inc. 4.000 04-15-25   450,000 779,850
Term loans (G) 5.7% (3.7% of Total investments)   $9,409,478
(Cost $9,530,122)          
Communication services 0.6%         1,028,170
Entertainment 0.3%          
Playtika Holding Corp., 2021 Term Loan (1 month LIBOR + 2.750%) 2.842 03-13-28   543,638 539,223
Media 0.3%          
Hoya Midco LLC, 2017 1st Lien Term Loan (1 month LIBOR + 3.500%) 4.500 06-30-24   492,746 488,947
Consumer discretionary 2.5%         4,092,092
Auto components 0.5%          
American Tire Distributors, Inc., 2015 Term Loan (1 and 3 month LIBOR + 7.500%) 8.500 09-02-24   812,348 811,479
Diversified consumer services 1.0%          
Sotheby’s, Term Loan B (3 month LIBOR + 4.750%) 5.500 01-15-27   1,688,692 1,687,983
8 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)          
Hotels, restaurants and leisure 1.0%          
Hilton Grand Vacations Borrower LLC, 2021 Term Loan B (H) TBD 05-19-28   1,000,000 $996,000
Life Time, Inc., 2021 Term Loan B (3 month LIBOR + 4.750%) 5.750 12-16-24   597,748 596,630
Energy 0.3%         442,292
Oil, gas and consumable fuels 0.3%          
Ascent Resources Utica Holdings LLC, 2020 Fixed 2nd Lien Term Loan (3 month LIBOR + 9.000%) 10.000 11-01-25   405,000 442,292
Health care 0.5%         804,504
Health care providers and services 0.5%          
US Renal Care, Inc., 2021 Term Loan B (1 month LIBOR + 5.500%) 6.500 06-26-26   800,000 804,504
Industrials 0.0%         0
Airlines 0.0%          
Global Aviation Holdings, Inc., PIK, 2nd Lien Term Loan (E)(F) 0.000 07-13-21   51,038 0
Global Aviation Holdings, Inc., PIK, 3rd Lien Term Loan (E)(F) 0.000 03-13-22   514,063 0
Information technology 1.8%         3,042,420
Software 1.3%          
Grab Holdings, Inc., Term Loan B (6 month LIBOR + 4.500%) 5.500 01-29-26   2,149,613 2,160,361
Technology hardware, storage and peripherals 0.5%          
Vericast Corp., Term Loan B7 (3 month LIBOR + 4.750%) 5.750 11-03-23   965,846 882,059
Collateralized mortgage obligations 0.1% (0.1% of Total investments)   $101,687
(Cost $103,688)          
Commercial and residential 0.1%         85,080
HarborView Mortgage Loan Trust          
Series 2007-3, Class ES IO (A) 0.350 05-19-47   2,141,617 22,383
Series 2007-4, Class ES IO 0.350 07-19-47   2,354,593 31,406
Series 2007-6, Class ES IO (A) 0.343 08-19-37   2,217,019 31,291
U.S. Government Agency 0.0%         16,607
Government National Mortgage Association          
Series 2012-114, Class IO 0.692 01-16-53   730,365 16,607
Asset backed securities 0.0% (0.0% of Total investments)   $15,408
(Cost $16,043)          
Asset backed securities 0.0%         15,408
ContiMortgage Home Equity Loan Trust          
Series 1995-2, Class A5 8.100 08-15-25   15,709 15,408
    
        Shares Value
Common stocks 1.0% (0.6% of Total investments)   $1,584,932
(Cost $2,128,662)          
Communication services 0.0%         0
Media 0.0%    
Vertis Holdings, Inc. (F)(I)       34,014 0
Industrials 0.0%         0
Airlines 0.0%    
Global Aviation Holdings, Inc., Class A (F)(I)       82,159 0
Utilities 1.0%         1,584,932
Multi-utilities 1.0%    
Algonquin Power & Utilities Corp.       20,000 1,051,376
Dominion Energy, Inc.       5,350 533,556
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST 9
        Shares Value
Preferred securities 5.7% (3.8% of Total investments)   $9,406,978
(Cost $8,056,960)          
Communication services 0.5%         859,860
Media 0.5%  
2020 Cash Mandatory Exchangeable Trust, 5.250% (A)   686 859,860
Energy 0.6%         998,184
Oil, gas and consumable fuels 0.6%  
Energy Transfer LP (7.600% to 5-15-24, then 3 month LIBOR + 5.161%) (B)(C)   39,800 998,184
Financials 0.1%         81,115
Banks 0.1%  
GMAC Capital Trust I (3 month LIBOR + 5.785%), 5.941% (B)(C)(J)   3,046 81,115
Information technology 1.6%         2,625,378
Semiconductors and semiconductor equipment 1.6%  
Broadcom, Inc., 8.000%   1,700 2,625,378
Utilities 2.9%         4,842,441
Electric utilities 1.5%  
American Electric Power Company, Inc., 6.125%   25,450 1,350,632
NextEra Energy, Inc., 6.219%   13,533 702,227
The Southern Company, 6.750%   8,309 430,822
Gas utilities 0.6%  
UGI Corp., 7.250% (B)(C)   10,000 1,066,000
Multi-utilities 0.8%  
DTE Energy Company, 6.250%   25,200 1,292,760
Warrants 0.0% (0.0% of Total investments)   $7,956
(Cost $0)          
Avation Capital SA (I)(K)       12,775 7,956
    
        Par value^ Value
Short-term investments 2.5% (1.6% of Total investments) $4,124,000
(Cost $4,124,000)          
Repurchase agreement 2.5%         4,124,000
Repurchase Agreement with State Street Corp. dated 7-30-21 at 0.000% to be repurchased at $4,124,000 on 8-2-21, collateralized by $4,102,100 U.S. Treasury Notes, 1.375% due 2-15-23 (valued at $4,206,487)       4,124,000 4,124,000
    
Total investments (Cost $237,636,938) 152.2%     $251,179,142
Other assets and liabilities, net (52.2%)     (86,100,165)
Total net assets 100.0%     $165,078,977
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Currency Abbreviations
MXN Mexican Peso
Security Abbreviations and Legend
CMT Constant Maturity Treasury
ICE Intercontinental Exchange
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR London Interbank Offered Rate
PIK Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
(A) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $115,593,159 or 70.0% of the fund’s net assets as of 7-31-21.
10 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
(B) All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 7-31-21 was $103,423,188. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $41,259,970.
(C) All or a portion of this security is on loan as of 7-31-21, and is a component of the fund’s leverage under the Liquidity Agreement.
(D) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E) Non-income producing - Issuer is in default.
(F) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(G) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(H) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(I) Non-income producing security.
(J) Variable rate obligation. The coupon rate shown represents the rate at period end.
(K) Strike price and/or expiration date not available.
The fund had the following country composition as a percentage of total investments on 7-31-21:
United States 74.0%
Mexico 3.6%
Canada 3.2%
France 3.0%
Luxembourg 2.8%
Japan 2.7%
United Kingdom 2.4%
Ireland 1.2%
Cayman Islands 1.0%
Other countries 6.1%
TOTAL 100.0%
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST 11
DERIVATIVES
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date 		Unrealized
appreciation 		Unrealized
depreciation
USD 3,191,737 MXN 64,274,056 SSB 9/15/2021 — $(18,534)
            — $(18,534)
    
Derivatives Currency Abbreviations
MXN Mexican Peso
USD U.S. Dollar
    
Derivatives Abbreviations
OTC Over-the-counter
SSB State Street Bank and Trust Company
12 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
Notes to Fund’s 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 fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: 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. 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. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses 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 fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund’s investments as of July 31, 2021, by major security category or type:
  Total
value at
7-31-21 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
         
Investments in securities:        
Assets        
U.S. Government and Agency obligations $2,986,267 — $2,986,267 —
Foreign government obligations 560,325 — 560,325 —
Corporate bonds 222,202,261 — 222,202,261 —
Convertible bonds 779,850 — 779,850 —
Term loans 9,409,478 — 9,409,478 —
Collateralized mortgage obligations 101,687 — 101,687 —
Asset backed securities 15,408 — 15,408 —
Common stocks 1,584,932 $1,584,932 — —
Preferred securities 9,406,978 8,547,118 859,860 —
Warrants 7,956 — 7,956 —
Short-term investments 4,124,000 — 4,124,000 —
Total investments in securities $251,179,142 $10,132,050 $241,047,092 —
Derivatives:        
Liabilities        
Forward foreign currency contracts $(18,534) — $(18,534) —
Level 3 includes securities valued at $0. Refer to Fund’s investments.
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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