# EDGAR Filing Document

**Accession Number:** 0000925683
**File Stem:** 0001193125-26-080778
**Filing Date:** 2026-2
**Character Count:** 69103
**Document Hash:** 525f86643ceee89676ab3a7f960820e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-080778.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-080778

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND
- **CENTRAL INDEX KEY:** 0000925683

**ORGANIZATION NAME:**
- **EIN:** 043241844
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08568
- **FILM NUMBER:** 26695003

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK INVESTMENT MANAGEMENT
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK INVESTMENT MANAGEMENT
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHN HANCOCK BANK & THRIFT OPPORTUNITY FUND
- **DATE OF NAME CHANGE:** 20110214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN BANK & THRIFT OPPORTUNITY FUND
- **DATE OF NAME CHANGE:** 19940728

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN REGIONAL BANK & THRIFT FUND
- **DATE OF NAME CHANGE:** 19940620

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** John Hancock Financial Opportunities Fund

- **b. Investment Company Act file number:** 811-08568

- **c. CIK number of Registrant:** 0000925683

- **d. LEI of Registrant:** 549300GAIJWXWTEVVK15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

**Item A.2. Information about the Series.**

- **a. Name of Series:** John Hancock Financial Opportunities Fund

- **c. LEI of Series:** 549300GAIJWXWTEVVK15

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $845383386.04

**Total Liabilities:** $131128110.36

**Net Assets:** $714255275.68

**Cash Not Reported:** $11.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -13.554814000000 | **1-Year:** -612.939753000000 | **5-Year:** -2529.933871000000 | **10-Year:** -44.415555000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -30.754669000000 | **1-Year:** -1759.365775000000 | **5-Year:** -3594.480941000000 | **10-Year:** -1545.403190000000 | **30-Year:** -2442.428838000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -6.14%               | 1.45%                | 4.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1605763.60              | $-27749787.08                              |
| Month 2  | $981247.27               | $30279067.87                               |
| Month 3  | $8814051.32              | $15282854.16                               |

**Designated Index Information**

- **Index Name:** Fund's Designated Reference Portfolio is the Fund's Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                            | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Horizon Bancorp Inc.                            | HORIZON BANCORP INC/IN COMMON STOCK                         | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |    505196 | NS      | $8568124.16   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated              | HUNTINGTON BANCSHARES INC/OH COMMON STOCK USD.01            | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    655503 | NS      | $11372977.05  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| InBankshares Corp                               | INBANKSHARES CORP COMMON STOCK                              | CUSIP: 45332V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207676 | NS      | $2481728.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                          | INDEPENDENT BANK CORP COMMON STOCK USD.01                   | CUSIP: 453836108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130022 | NS      | $9502007.76   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                          | INDEPENDENT BANK CORP SUBORDINATED 04/35 VAR                | CUSIP: 453836AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3115810.08   | 0.44%             | 2035-04-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Coastal Carolina Bancshares Inc.                | COASTAL CAROLINA BANCSHARES IN COMMON STOCK                 | CUSIP: 190435107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $389400.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corporation                   | COASTAL FINANCIAL CORP/WA COMMON STOCK                      | CUSIP: 19046P209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108420 | NS      | $12423847.80  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Colony Bankcorp Inc.                            | COLONY BANKCORP INC COMMON STOCK USD1.0                     | CUSIP: 19623P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97517 | NS      | $1737752.94   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                         | KEYCORP COMMON STOCK USD1.0                                 | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    434830 | NS      | $8974891.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Landmark Bancorp Inc.                           | LANDMARK BANCORP INC/MANHATTAN COMMON STOCK USD.01          | CUSIP: 51504L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138666 | NS      | $3631662.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.                 | CENTRAL PACIFIC FINANCIAL CORP COMMON STOCK                 | CUSIP: 154760409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144201 | NS      | $4493303.16   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemung Financial Corporation                   | CHEMUNG FINANCIAL CORP COMMON STOCK USD.01                  | CUSIP: 164024101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63598 | NS      | $3548768.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc.                          | EAST WEST BANCORP INC COMMON STOCK USD.001                  | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56285 | NS      | $6325871.15   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc.                         | EASTERN BANKSHARES INC COMMON STOCK USD.01                  | CUSIP: 27627N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410229 | NS      | $7560520.47   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Bancshares Inc.                          | EQUITY BANCSHARES INC COMMON STOCK USD.01                   | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |    169613 | NS      | $7573220.45   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers and Merchants Bancorp Inc.              | FARMERS and MERCHANTS BANCORP IN COMMON STOCK               | CUSIP: 30779N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114822 | NS      | $2838399.84   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers National Banc Corp.                     | FARMERS NATIONAL BANC CORP COMMON STOCK                     | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162398 | NS      | $2163141.36   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                             | FIFTH THIRD BANCORP COMMON STOCK                            | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    237095 | NS      | $11098416.95  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| The First Bancorp Inc.                          | FIRST BANCORP INC/THE COMMON STOCK USD.01                   | CUSIP: 31866P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    226174 | NS      | $5980040.56   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corporation                         | FIRST BUSEY CORP PREFERRED STOCK 8.25                       | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |    200000 | NS      | $5150000.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                        | FIRST FINANCIAL BANCORP COMMON STOCK                        | CUSIP: 320209109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311817 | NS      | $7801661.34   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                       | FIRST HORIZON CORP COMMON STOCK USD.625                     | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    325059 | NS      | $7768910.10   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem Inc.                | FIRST INTERSTATE BANCSYSTEM IN SUB NOTES 06/35 VAR          | CUSIP: 32055YAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1887000.00   | 0.26%             | 2035-06-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| First Merchants Corporation                     | FIRST MERCHANTS CORP COMMON STOCK                           | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    150025 | NS      | $5622937.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp.                             | CVB FINANCIAL CORP COMMON STOCK                             | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222784 | NS      | $4143782.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden National Corporation                     | CAMDEN NATIONAL CORP COMMON STOCK                           | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |     90567 | NS      | $3928796.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| The Carlyle Group Inc.                          | CARLYLE GROUP INC/THE COMMON STOCK USD1.0                   | CUSIP: 14316J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146317 | NS      | $8648797.87   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc.                          | SILA REALTY TRUST INC REIT USD.01                           | CUSIP: 146280508<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121300 | NS      | $2827503.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                  | AMERIS BANCORP COMMON STOCK USD1.0                          | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    152485 | NS      | $11325060.95  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                     | ARES MANAGEMENT CORP COMMON STOCK                           | CUSIP: 03990B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49128 | NS      | $7940558.64   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidbank Holdings Inc.                          | AVIDBANK HOLDINGS INC COMMON STOCK                          | CUSIP: 05368J103<br>LEI: 54930029UJ8M0B84EE44 | Long             | EC               | CORP              | US        |    257070 | NS      | $6827779.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BW Real Estate Inc.                             | BW REAL ESTATE INC 144A 12/99 VAR                           | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3680000 | PA      | $3767274.88   | 0.53%             | 2030-03-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Banc of California Inc.                         | BANC OF CALIFORNIA INC PREFERRED STOCK VAR                  | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |     90000 | NS      | $2266200.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Marin Bancorp                           | BANK OF MARIN BANCORP COMMON STOCK                          | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200182 | NS      | $5206733.82   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank7 Corp.                                     | BANK7 CORP COMMON STOCK USD.01                              | CUSIP: 06652N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116363 | NS      | $4768555.74   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corporation                              | BANNER CORP COMMON STOCK USD.01                             | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53428 | NS      | $3347798.48   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bar Harbor Bankshares                           | BAR HARBOR BANKSHARES COMMON STOCK USD2.0                   | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142394 | NS      | $4421333.70   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                                     | BAYCOM CORP COMMON STOCK                                    | CUSIP: 07272M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173874 | NS      | $5111895.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc.                  | BLACKSTONE MORTGAGE TRUST INC REIT USD.01                   | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    154080 | NS      | $2947550.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.                  | BUSINESS FIRST BANCSHARES INC COMMON STOCK USD1.0           | CUSIP: 12326C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182458 | NS      | $4769452.12   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corporation                          | 1ST SOURCE CORP COMMON STOCK                                | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118620 | NS      | $7412563.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corporation                  | FLUSHING FINANCIAL CORP COMMON STOCK USD.01                 | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    279362 | NS      | $4237921.54   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc.                              | GCM GROSVENOR INC COMMON STOCK USD.0001                     | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219284 | NS      | $2482294.88   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc.                    | GERMAN AMERICAN BANCORP INC COMMON STOCK                    | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |    124124 | NS      | $4863178.32   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                            | GLACIER BANCORP INC COMMON STOCK USD.01                     | CUSIP: 37637Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165000 | NS      | $7268250.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc.                     | GREAT SOUTHERN BANCORP INC COMMON STOCK USD.01              | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |     40257 | NS      | $2478220.92   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc.                              | HBT FINANCIAL INC COMMON STOCK USD.01                       | CUSIP: 404111106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    209443 | NS      | $5414101.55   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                     | FIRST MERCHANTS CORP PREFERRED STOCK 7.5                    | CUSIP: 320817208<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EP               | CORP              | US        |     48900 | NS      | $1241571.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc.                       | FIRST MID BANCSHARES INC COMMON STOCK USD4.0                | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76166 | NS      | $2970474.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| First Reliance Bancshares Inc.                  | FIRST RELIANCE BANCSHARES INC COMMON STOCK USD.01           | CUSIP: 33615Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    426454 | NS      | $5228326.04   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc.                   | CITIZENS FINANCIAL GROUP INC COMMON STOCK USD.01            | CUSIP: 174610105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228406 | NS      | $13341194.46  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Community Bancorp Inc                  | CITIZENS COMMUNITY BANCORP INC COMMON STOCK USD.01          | CUSIP: 174903104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    169116 | NS      | $3013647.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc.                         | CIVISTA BANCSHARES INC COMMON STOCK                         | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |    250733 | NS      | $5571287.26   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services Inc.          | FIRST BUSINESS FINANCIAL SERVI COMMON STOCK USD.01          | CUSIP: 319390100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91858 | NS      | $4987889.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services Inc.          | FIRST BUSINESS FINANCIAL SUBORDINATED 144A 12/99 VAR        | CUSIP: 319390209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4000 | NS      | $3734560.00   | 0.52%             |  |  |  | No            |                  3 | On Loan: No      |
| First Citizens BancShares Inc.                  | FIRST CITIZENS BANCSHARES INC/ COMMON STOCK USD1.0          | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      2688 | NS      | $5768931.84   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corporation        | FIRST COMMONWEALTH FINANCIAL C COMMON STOCK USD1.0          | CUSIP: 319829107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    249243 | NS      | $4202236.98   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Corporation                     | FIRST COMMUNITY CORP/SC COMMON STOCK USD1.0                 | CUSIP: 319835104<br>LEI: 549300TC167ECI9SMC70 | Long             | EC               | CORP              | US        |    132912 | NS      | $3940840.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ACNB Corporation                                | ACNB CORP COMMON STOCK USD2.5                               | CUSIP: 000868109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62233 | NS      | $3008965.55   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Banks of Colorado                        | ALPINE BANKS OF COLORADO COMMON STOCK                       | CUSIP: 020810107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173462 | NS      | $6903787.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| American Business Bank                          | AMERICAN BUSINESS BANK COMMON STOCK                         | CUSIP: 02475L105<br>LEI: 549300OQ7NQEKOCGWF54 | Long             | EC               | CORP              | US        |     83455 | NS      | $5407884.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| American Integrity Insurance Group Inc.         | AMERICAN INTEGRITY INSURANCE G COMMON STOCK USD.001         | CUSIP: 026948109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220779 | NS      | $4598826.57   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| American Riviera Bancorp.                       | AMERICAN RIVIERA BANCORP COMMON STOCK                       | CUSIP: 02933K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228717 | NS      | $5374849.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corporation                  | HERITAGE FINANCIAL CORP/WA COMMON STOCK                     | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90346 | NS      | $2136682.90   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hometown Financial Group Inc.                   | HOMETOWN FINANCIAL GROUP INC/M SR UNSECURED 144A 03/27 8.75 | CUSIP: 43789TAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3550107.12   | 0.50%             | 2027-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ChoiceOne Financial Services Inc.               | CHOICEONE FINANCIAL SERVICES I COMMON STOCK                 | CUSIP: 170386106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98216 | NS      | $2899336.32   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CandF Financial Corporation                     | CandF FINANCIAL CORP COMMON STOCK USD1.0                    | CUSIP: 12466Q104<br>LEI: 549300VFPAZLNS1R0361 | Long             | EC               | CORP              | US        |     37912 | NS      | $2752032.08   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MutualOne Bank                                  | MUTUAL ONE BANK 99E0FT5C3                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      4423 | PA      | $4422.55      | 0.00%             | 2027-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Midstates Bank National Association             | MIDSTATES BANK NA 99G44VDE7                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      2088 | PA      | $2087.79      | 0.00%             | 2026-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WaFd Inc.                                       | WAFD INC PREFERRED STOCK 4.875                              | CUSIP: 938824307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    210875 | NS      | $3534265.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc.                   | WASHINGTON TRUST BANCORP INC COMMON STOCK USD.0625          | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |    133936 | NS      | $3957808.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| East Boston Savings Bank                        | EAST BOSTON SAVINGS BANK PPE6L2G55                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      2061 | PA      | $2060.76      | 0.00%             | 2027-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WALDEN MUTUAL                                   | WALDEN MUTUAL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $607000.00    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FIRST SAVINGS BANK OF PERKASIE 0.74  04 07 2025 | FIRST SAVINGS BANK OF PERKASIE 0.74  04 07 2025             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      5280 | PA      | $5279.82      | 0.00%             | 2027-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Country Bank for Savings                        | COUNTRY BANK FOR SAVINGS PPGKJNJA5                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      2196 | PA      | $2196.46      | 0.00%             | 2026-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bancorporation                 | WESTERN ALLIANCE BANCORP COMMON STOCK USD.0001              | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     52765 | NS      | $4435953.55   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| White River Bancshares Co                       | WHITE RIVER BANCSHARES CO COMMON STOCK                      | CUSIP: 96445A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134640 | NS      | $6663333.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                  | WINTRUST FINANCIAL CORP PREFERRED STOCK VAR                 | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    166700 | NS      | $4315863.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Orrstown Financial Services Inc.                | ORRSTOWN FINANCIAL SERVICES IN COMMON STOCK                 | CUSIP: 687380105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87425 | NS      | $3096593.50   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo                                         | EURAZEO SE COMMON STOCK                                     | CUSIP: 704239904<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |    110822 | NS      | $6903486.00   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle Financial Partners Inc.                | PINNACLE FINANCIAL PARTNERS IN COMMON STOCK USD1.0          | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     91793 | NS      | $8757970.13   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Plumas Bancorp                                  | PLUMAS BANCORP COMMON STOCK                                 | CUSIP: 729273102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82851 | NS      | $3702611.19   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bank                                    | EASTERN BANK 00000000 00000.0000000000                      | CUSIP: 73099E009<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1978 | PA      | $1978.08      | 0.00%             | 2027-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Popular Inc.                                    | POPULAR INC COMMON STOCK USD.01                             | CUSIP: 733174700<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     98514 | NS      | $12266963.28  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Prime Meridian Holding Company                  | PRIME MERIDIAN HOLDING CO COMMON STOCK                      | CUSIP: 74164R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125087 | NS      | $7079924.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Private Bancorp of America Inc.                 | PRIVATE BANCORP OF AMERICA INC COMMON STOCK                 | CUSIP: 74274F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121888 | NS      | $7012216.64   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Holdings Inc.               | PROVIDENT FINANCIAL HOLDINGS I COMMON STOCK USD.01          | CUSIP: 743868101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108800 | NS      | $1731008.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JH COLLATERAL                                   | JH COLLATERAL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    651119 | NS      | $6513923.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                     | HANCOCK WHITNEY CORP COMMON STOCK USD3.33                   | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    182751 | NS      | $11637583.68  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp                          | HERITAGE COMMERCE CORP COMMON STOCK                         | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    513678 | NS      | $6169272.78   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc.                              | REDWOOD TRUST INC PREFERRED STOCK 03/30 9.125               | CUSIP: 758075865<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |     80000 | NS      | $1976000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc.                              | REDWOOD TRUST INC SR UNSECURED 06/27 7.75                   | CUSIP: 758075AF2<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |   4179000 | PA      | $4158105.00   | 0.58%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corporation                   | REGIONS FINANCIAL CORP COMMON STOCK USD.01                  | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    410978 | NS      | $11137503.80  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corporation                            | RENASANT CORP COMMON STOCK USD5.0                           | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    310405 | NS      | $10932464.10  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| River City Bank                                 | RIVER CITY BANK COMMON STOCK                                | CUSIP: 76803X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    148780 | NS      | $6527722.50   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverview Bancorp Inc.                          | RIVERVIEW BANCORP INC COMMON STOCK USD.01                   | CUSIP: 769397100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    417954 | NS      | $2098129.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SB Financial Group Inc.                         | SB FINANCIAL GROUP INC COMMON STOCK                         | CUSIP: 78408D105<br>LEI: 54930028E6P8OT8CTV58 | Long             | EC               | CORP              | US        |    257156 | NS      | $5726864.12   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc.                           | SHORE BANCSHARES INC COMMON STOCK USD.01                    | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    406028 | NS      | $7178575.04   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                                  | SIERRA BANCORP COMMON STOCK                                 | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163038 | NS      | $5328081.84   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street Specialty Lending Inc.             | SIXTH STREET SPECIALTY LENDING COMMON STOCK USD.01          | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |    228214 | NS      | $4956808.08   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| South Atlantic Bancshares Inc.                  | SOUTH ATLANTIC BANCSHARES INC COMMON STOCK                  | CUSIP: 83636T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    289568 | NS      | $5718968.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| California BanCorp                              | CALIFORNIA BANCORP COMMON STOCK USD.01                      | CUSIP: 84252A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    455317 | NS      | $8500768.39   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc.                  | SOUTHERN MISSOURI BANCORP INC COMMON STOCK USD.01           | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104786 | NS      | $6194948.32   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Bank Corporation                     | SOUTHSTATE BANK CORP COMMON STOCK USD2.5                    | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     83765 | NS      | $7883124.15   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc.                        | STOCK YARDS BANCORP INC COMMON STOCK                        | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     79829 | NS      | $5184893.55   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunshine Bancorp Inc.                           | SUNSHINE FEDERAL SAVINGS 00000000 00000.0000000000          | CUSIP: 86799Q9R9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2130 | PA      | $2129.51      | 0.00%             | 2027-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TriCo Bancshares                                | TRICO BANCSHARES COMMON STOCK                               | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190923 | NS      | $9044022.51   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                    | US BANCORP COMMON STOCK USD.01                              | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    225123 | NS      | $12012563.28  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bancorporation of Alabama Inc.           | UNITED BANCORP OF ALABAMA INC COMMON STOCK USD.01           | CUSIP: 90944R100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168566 | NS      | $8967711.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Affinity Bank Inc                               | NEWTON SAVINGS BANK SHORT TERM                              | CUSIP: 912BLC004<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2086 | PA      | $2086.14      | 0.00%             | 2026-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Independent Bank Corporation                    | INDEPENDENT BANK CORP/MI COMMON STOCK USD1.0                | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163971 | NS      | $5333976.63   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corporation                    | INVESTAR HOLDING CORP PREFERRED STOCK 6.5                   | CUSIP: 46134L204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      5000 | NS      | $6252700.00   | 0.88%             |  |  |  | No            |                  3 | On Loan: No      |
| Oba Federal Savings and Loan Association        | OBA FEDERAL SAVINGS + LOAN CD 00000000 00000.0000000000     | CUSIP: 465992006<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1379 | PA      | $1379.14      | 0.00%             | 2026-06-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR and Co. Inc.                                | KKR and CO INC COMMON STOCK USD.01                          | CUSIP: 48251W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65878 | NS      | $8398127.44   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange County Bancorp Inc.                      | ORANGE COUNTY BANCORP INC COMMON STOCK USD.25               | CUSIP: 68417L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123187 | NS      | $3516988.85   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Federal Savings and Loan Bank             | FIRST FEDERAL SAVINGS BANK 00000000 00000.0000000000        | CUSIP: 912BLD002<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3151 | PA      | $3150.70      | 0.00%             | 2026-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MILFORD BANK SHORT TERM                         | MILFORD BANK SHORT TERM                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      1947 | PA      | $1946.69      | 0.00%             | 2027-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hudson City Savings Bank                        | HUDSON SAVINGS 00000000 00000.0000000000                    | CUSIP: 912BUE000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2495 | PA      | $2494.66      | 0.00%             | 2027-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Home Banking Company                            | HOME BANK 00000000 00000.0000000000                         | CUSIP: 912BUF007<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23411 | PA      | $23410.82     | 0.00%             | 2026-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Columbia Banking System Inc.                    | COLUMBIA BANKING SYSTEM INC COMMON STOCK                    | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    318953 | NS      | $8914736.35   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bancorp.                              | COMMUNITY BANCORP/VT COMMON STOCK USD2.5                    | CUSIP: 20343A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61507 | NS      | $1502616.01   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| University Bancorp Inc.                         | UNIVERSITY BANCORP INC/ANN ARB SUBORDINATED 144A 01/33 VAR  | CUSIP: 914090AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2565624.25   | 0.36%             | 2033-01-31      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| First Bank Richmond                             | FIRST BANK RICHMOND 00000000 00000.0000000000               | CUSIP: 916BLH009<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24860 | PA      | $24859.68     | 0.00%             | 2028-12-05      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| FFB Bancorp                                     | FFB BANCORP COMMON STOCK                                    | CUSIP: 20344D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82186 | NS      | $6985810.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Heritage Financial Inc.               | COMMUNITY HERITAGE FINANCIAL I COMMON STOCK                 | CUSIP: 20370L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141197 | NS      | $3798199.30   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Virginia National Bankshares Corporation        | VIRGINIA NATIONAL BANKSHARES C COMMON STOCK USD2.5          | CUSIP: 928031103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86679 | NS      | $3454158.15   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corporation                      | WSFS FINANCIAL CORP COMMON STOCK USD.01                     | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |    190189 | NS      | $10506040.36  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Community West Bancshares                       | COMMUNITY WEST BANCSHARES COMMON STOCK                      | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126760 | NS      | $2852100.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc.                         | CONNECTONE BANCORP INC COMMON STOCK                         | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     85763 | NS      | $2248705.86   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc.                         | CONNECTONE BANCORP INC SUBORDINATED 06/35 VAR               | CUSIP: 20786WAF4<br>LEI: 549300E2M5ZYAZKUK134 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5100000.00   | 0.71%             | 2035-06-01      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| CTO Realty Growth Inc.                          | CTO RLTY GROWTH INC NEW PREFERRED STOCK                     | CUSIP: 22948Q200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     75000 | NS      | $1537500.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| W.T.B. Financial Corporation                    | WTB FINANCIAL CORP COMMON STOCK                             | CUSIP: 929334209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14981 | NS      | $5468065.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc.                       | CULLEN/FROST BANKERS INC COMMON STOCK USD.01                | CUSIP: 229899109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86104 | NS      | $10903349.52  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.                  | DIME COMMUNITY BANCSHARES INC COMMON STOCK USD.01           | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219054 | NS      | $6591334.86   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.                  | DIME COMMUNITY BANCSHARES INC PREFERRED STOCK 07/34 VAR     | CUSIP: 25432X300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     80000 | NS      | $2088000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Montana Inc.                      | EAGLE BANCORP MONTANA INC COMMON STOCK USD.01               | CUSIP: 26942G100<br>LEI: 549300P2SVRIY3YU1412 | Long             | EC               | CORP              | US        |    155751 | NS      | $3099444.90   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation National Association       | ZIONS BANCORP NA COMMON STOCK USD.001                       | CUSIP: 989701107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198195 | NS      | $11602335.30  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Carolina Bancshares, Inc.               | Coastal Carolina Bancshares, Inc.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    260000 | NS      | $3206060.00   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CB Financial Services Inc.                      | CB FINANCIAL SERVICES INC COMMON STOCK                      | CUSIP: 12479G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57155 | NS      | $1992423.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corporation                       | CNB FINANCIAL CORP/PA COMMON STOCK                          | CUSIP: 126128107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80835 | NS      | $2115451.95   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corporation                       | CNB FINANCIAL CORP/PA PREFERRED STOCK 7.125                 | CUSIP: 126128206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     75200 | NS      | $1880000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Nord-Norge                          | SPAREBANK 1 NORD NORGE COMMON STOCK NOK18.0                 | CUSIP: B06T25907<br>LEI: N/A                  | Long             | EC               | CORP              | NO        |    240836 | NS      | $3619186.24   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA                       | SPAREBANK 1 SOR-NORGE ASA COMMON STOCK NOK25.0              | CUSIP: B40JTQ902<br>LEI: 549300Q3OIWRHQUQM052 | Long             | EC               | CORP              | NO        |    235524 | NS      | $4628075.46   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Assured Guaranty Ltd.                           | ASSURED GUARANTY LTD COMMON STOCK USD.01                    | CUSIP: G0585R106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     71190 | NS      | $6397845.30   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group plc                                 | MAREX GROUP PLC COMMON STOCK                                | CUSIP: G5S37H101<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    145046 | NS      | $5563964.56   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                         | SYNOVUS FINANCIAL CORP COMMON STOCK USD1.0                  | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |    162547 | NS      | $8135477.35   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                         | SYNOVUS FINANCIAL CORP PREFERRED STOCK VAR                  | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |     77222 | NS      | $1996188.70   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tectonic Financial Inc.                         | TECTONIC FINANCIAL INC PREFERRED STOCK VAR                  | CUSIP: 87217L208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    186840 | NS      | $1997319.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Timberland Bancorp Inc.                         | TIMBERLAND BANCORP INC/WA COMMON STOCK USD.01               | CUSIP: 887098101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113266 | NS      | $4054922.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwood Financial Corp                          | NORWOOD FINANCIAL CORP COMMON STOCK USD.1                   | CUSIP: 669549107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78289 | NS      | $2196006.45   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OP Bancorp                                      | OP BANCORP COMMON STOCK                                     | CUSIP: 67109R109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182412 | NS      | $2575657.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ohio Valley Banc Corp.                          | OHIO VALLEY BANC CORP COMMON STOCK USD1.0                   | CUSIP: 677719106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70250 | NS      | $2808595.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                            | OLD NATIONAL BANCORP/IN COMMON STOCK                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    708861 | NS      | $15814688.91  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                         | OLD SECOND BANCORP INC COMMON STOCK USD1.0                  | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |    355988 | NS      | $6941766.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corporation                                | ONEX CORP COMMON STOCK                                      | CUSIP: 68272K103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     96758 | NS      | $7963122.42   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ledyard Financial Group Inc.                    | LEDYARD FINANCIAL GROUP INC COMMON STOCK                    | CUSIP: 523338101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155104 | NS      | $2321906.88   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc.                        | LIVE OAK BANCSHARES INC COMMON STOCK                        | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110051 | NS      | $3780251.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc.                        | LIVE OAK BANCSHARES INC PREFERRED STOCK 8.375               | CUSIP: 53803X402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    120000 | NS      | $3066000.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MandT Bank Corporation                          | MandT BANK CORP COMMON STOCK USD.5                          | CUSIP: 55261F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58267 | NS      | $11739635.16  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Machias Savings Bank                            | MACHIAL SAVINGS BANK SHORT TERM                             | CUSIP: 55499Z9Y2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2065 | PA      | $2064.54      | 0.00%             | 2026-05-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Milford Federal Bank                            | MILFORD FEDERAL SAVINGS + LOAN 00000000 00000.0000000000    | CUSIP: 56099E004<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2202 | PA      | $2202.31      | 0.00%             | 2026-04-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MetroCity Bankshares Inc.                       | METROCITY BANKSHARES INC COMMON STOCK                       | CUSIP: 59165J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65263 | NS      | $1732080.02   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp Inc.                           | MID PENN BANCORP INC COMMON STOCK USD1.0                    | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104181 | NS      | $3231694.62   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc.                        | MILLROSE PROPERTIES INC REIT USD.01                         | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97000 | NS      | $2897390.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MT MCKINLEY BANK                                | MT MCKINLEY BANK                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      1770 | PA      | $1769.75      | 0.00%             | 2026-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NBT Bancorp Inc.                                | NBT BANCORP INC COMMON STOCK USD.01                         | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167805 | NS      | $6967263.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| QNB Corp.                                       | QNB CORP COMMON STOCK USD.625                               | CUSIP: 74726N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75111 | NS      | $2625880.56   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| QNB Corp.                                       | QNB CORP SUB NOTES 144A 09/34 VAR                           | CUSIP: 74726NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2328418.82   | 0.33%             | 2034-09-01      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| QCR Holdings Inc.                               | QCR HOLDINGS INC COMMON STOCK USD1.0                        | CUSIP: 74727A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74384 | NS      | $6196187.20   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Red River Bancshares Inc.                       | RED RIVER BANCSHARES INC COMMON STOCK                       | CUSIP: 75686R202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58027 | NS      | $4144868.61   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank N.A                               | FLAGSTAR BANK NA SUBORDINATED 11/28 VAR                     | CUSIP: 649445AC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3385000 | PA      | $3256905.64   | 0.46%             | 2028-11-06      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Newburyport Five Cents Bancorp Inc.             | NEWBURYPORT FIVE CENT SVGS BK CD                            | CUSIP: 65199C008<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2196 | PA      | $2196.23      | 0.00%             | 2026-10-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nicolet Bankshares Inc.                         | NICOLET BANKSHARES INC COMMON STOCK USD.01                  | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77030 | NS      | $9343739.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc.                           | NORTHRIM BANCORP INC COMMON STOCK USD1.0                    | CUSIP: 666762109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    369612 | NS      | $9835375.32   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IRS USD P 1.08 20230904-20300304                | IRS USD P 1.08 20230904-20300304                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  25000000 | PA      | $2526450.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS USD P 1.14 20230903-20300303                | IRS USD P 1.14 20230903-20300303                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  25000000 | PA      | $2468922.50   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS USD P 1.22 20230902-20300302                | IRS USD P 1.22 20230902-20300302                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  15000000 | PA      | $1433028.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS USD P 3.36 20230503-20280503                | IRS USD P 3.36 20230503-20280503                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |  10000000 | PA      | $-13834.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** John Hancock Financial Opportunities Fund

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer