# EDGAR Filing Document

**Accession Number:** 0001885778
**File Stem:** 0001683863-25-005571
**Filing Date:** 2025-7
**Character Count:** 331528
**Document Hash:** 549dd5c1fdb3e7cf6f3d102ea0049969
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-005571.hdr.sgml**: 20250702

**ACCESSION NUMBER**: 0001683863-25-005571

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250702

**DATE AS OF CHANGE**: 20250702

**EFFECTIVENESS DATE**: 20250702

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock Marathon Asset-Based Lending Fund
- **CENTRAL INDEX KEY:** 0001885778

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23748
- **FILM NUMBER:** 251100635

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-2261

**MAIL ADDRESS:**
- **STREET 1:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** John Hancock Asset-Based Lending Fund
- **DATE OF NAME CHANGE:** 20210930

![](gszuhzanfri7qdnjkn6nv.jpg)

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES**

**Investment Company Act file number 811-23748**

**JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND**

(Exact name of registrant as specified in charter)

<u>200 BERKELEY STREET, BOSTON, MA 02116</u> (Address of principal executive offices) (Zip code)

SALVATORE SCHIAVONE

TREASURER

200 BERKELEY STREET

<u>BOSTON, MA 02116</u>

(Name and address of agent for service)

**Registrant's telephone number, including area code: (617) 543-9634**

**Date of fiscal year end: October 31**

**Date of reporting period: April 30, 2025**

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ITEM 1. REPORT TO STOCKHOLDERS

------

![](img11770fa51.gif)

![](img864b054d2.gif)

Semiannual report

## John Hancock

## Marathon Asset-Based Lending Fund (formerly John Hancock Asset-Based Lending Fund)
Closed-end alternative

April 30, 2025

------

John Hancock

Marathon Asset-Based Lending Fund

Table of contents

---

| | |
|:---|:---|
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;[Your fund at a glance](#xx_6c62b041-bd21-4f17-b417-3d7075efc5a8_1) |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;[Portfolio summary](#xx_47d81796-9a29-4b41-9598-e3326fc7b3f5_1) |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;[Consolidated Fund's investments](#xx_00383e8d-dcae-4f9e-955f-9903a60facea_1) |
| **40** | &nbsp;&nbsp;[Consolidated financial statements](#xx_f0616c79-72a9-47d9-8c0a-f517286c417a_1) |
| **45** | &nbsp;&nbsp;[Consolidated financial highlights](#xx_eb1c6568-1e78-49a8-9ff1-84bc0675f7b4_1) |
| **48** | &nbsp;&nbsp;[Notes to consolidated financial statements](#xx_4270baf3-8c4a-4a7f-a997-9393d4ef5789_1) |
| **65** | &nbsp;&nbsp;[Additional information](#xx_92a240fa-5d8b-4619-bfdd-26642b6018bc_1) |
| **66** | &nbsp;&nbsp;[Evaluation of advisory and subadvisory agreements by the Board of Trustees](#xx_a9ce7be2-5a3f-4ae6-8a2c-439a72979d7d_1) |
| **72** | &nbsp;&nbsp;[More information](#xx_e48c2160-cbcb-480f-9ffa-4a7f3a4abab2_1) |

---

1 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \|

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

Your fund at a glance

#### INVESTMENT OBJECTIVE

------

The fund seeks to provide high current income and to a lesser extent capital appreciation.

#### AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2025 (%)

------

![](imgcfa515ce3.gif)

The Intercontinental Exchange (ICE) Bank of America (BofA) 0-3 Month U.S. Treasury Bill Index tracks the performance of Treasury bills maturing in zero to three months.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

**The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-6020. For further information on the fund's objectives, risks, and strategy, see the fund's prospectus.**

\| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 2

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

Portfolio summary

#### PORTFOLIO COMPOSITION AS OF 4/30/2025 (% of total investments)

------

![](img4a2a8e0f4.gif)

#### Notes about risk
The fund is subject to various risks as described in the fund's prospectus.

3 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \|

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

Consolidated Fund's investments

#### AS OF 4-30-25 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset-backed securities 35.3%** |  |  |  | &nbsp;&nbsp;**$79123968** |
| (Cost $79,588,995) |  |  |  |  |
| **Asset-backed securities 6.7%** | **Asset-backed securities 6.7%** | **Asset-backed securities 6.7%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**14979332** |
| Exeter Automobile Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2A, Class E (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521992 |
| Marlette Funding Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-3A, Class D (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3779437 |
| Pagaya AI Debt Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-7, Class D (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-31 | &nbsp;&nbsp;&nbsp;&nbsp;3498696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3534120 |
| Prosper Marketplace Issuance Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class D (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3147386 |
| Thor LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-41 | &nbsp;&nbsp;&nbsp;&nbsp;2994718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2996397 |
| **Collateralized loan obligations 7.6%** | **Collateralized loan obligations 7.6%** | **Collateralized loan obligations 7.6%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**16949030** |
| ARES L CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-50A, Class D (3 month CME Term SOFR + 3.162%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1994414 |
| Birch Grove CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 19A, Class D2RR (3 month CME Term SOFR + 5.050%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-17-37 | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1747643 |
| CIFC Funding, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4A, Class DR2 (3 month CME Term SOFR + 1.900%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-27-31 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991904 |
| Columbia Cent CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-29A, Class D1R (3 month CME Term SOFR + 3.862%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999971 |
| Dryden Senior Loan Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-49A, Class DR (3 month CME Term SOFR + 3.662%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-18-30 | &nbsp;&nbsp;&nbsp;&nbsp;3730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3720410 |
| KKR Financial CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-1A, Class DR2 (3 month CME Term SOFR + 6.250%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2496290 |
| Myers Park CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class D (3 month CME Term SOFR + 3.312%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-30 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001732 |
| Rockford Tower CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2A, Class DR (3 month CME Term SOFR + 3.112%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1996666 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 4

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial mortgage backed securities 19.6%** | **Commercial mortgage backed securities 19.6%** | **Commercial mortgage backed securities 19.6%** |  | &nbsp;&nbsp;**$44036593** |
| ACREC LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-FL2, Class C (1 month CME Term SOFR + 4.281%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-19-38 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007088 |
| Arizona Biltmore Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-BILT, Class E (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-11-29 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2033673 |
| BAMLL Commercial Mortgage Securities Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-NASH, Class B (1 month CME Term SOFR + 2.750%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2453417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-ASHF, Class C (1 month CME Term SOFR + 3.000%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2930348 |
| BX Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-ARIA, Class F (1 month CME Term SOFR + 2.708%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1967500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-DELC, Class E (1 month CME Term SOFR + 5.286%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2515625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-SLCT, Class E (1 month CME Term SOFR + 3.391%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;1969000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1921547 |
| CLNY Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-IKPR, Class C (1 month CME Term SOFR + 2.040%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1410084 |
| Commercial Mortgage Trust (Deutsche Bank AG) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-WCL1, Class C (1 month CME Term SOFR + 2.889%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-41 | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3256828 |
| DBWF Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-LCRS, Class C (1 month CME Term SOFR + 2.640%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1475618 |
| FS Rialto Issuer, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FL3, Class D (1 month CME Term SOFR + 2.614%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-16-36 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2479752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-FL10, Class AS (1 month CME Term SOFR + 1.593%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-19-42 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2456199 |
| GPMT, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FL4, Class D (1 month CME Term SOFR + 2.964%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1785332 |
| Great Wolf Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-WOLF, Class E (1 month CME Term SOFR + 3.639%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2167738 |

---

5 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial mortgage backed securities (continued)** | **Commercial mortgage backed securities (continued)** | **Commercial mortgage backed securities (continued)** |  |  |
| KIND Commercial Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1, Class D (1 month CME Term SOFR + 3.438%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-41 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2991563 |
| KKR Real Estate Finance Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FL2, Class AS (1 month CME Term SOFR + 1.414%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FL2, Class B (1 month CME Term SOFR + 1.764%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559592 |
| KNDR Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-KIND, Class B (1 month CME Term SOFR + 1.464%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;1983710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1948995 |
| KSL Commercial Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HT2, Class B (1 month CME Term SOFR + 2.042%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2462500 |
| La Quinta Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-LAQ, Class D (1 month CME Term SOFR + 4.188%) (A)(B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;1304250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1265064 |
| THPT Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-THL, Class D (A)(B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-10-34 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3022598 |
| **Residential mortgage backed securities 1.4%** | **Residential mortgage backed securities 1.4%** | **Residential mortgage backed securities 1.4%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3159013** |
| ACHM Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-HE2, Class C (A)(B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-38 | &nbsp;&nbsp;&nbsp;&nbsp;3057007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3159013 |
| **Residential loans 18.0%** |  |  |  | &nbsp;&nbsp;**$40393080** |
| (Cost $41,899,015) |  |  |  |  |
| **JH Residential Whole Loan Trust (E)(F) 9.8%** | **JH Residential Whole Loan Trust (E)(F) 9.8%** |  |  | &nbsp;&nbsp;**21944461** |
| Bank of America, Loan ID - R1D2189860 | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-01-35 | 116762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96468 |
| Bank of America, Loan ID - R1D2207514 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.875 | &nbsp;&nbsp;11-01-34 | 24107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19917 |
| Bank of America, Loan ID - R1D2223768 | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;04-01-57 | 72247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59690 |
| Bank of America, Loan ID - R1D2231928 | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-47 | 193626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159973 |
| Bank of America, Loan ID - R1D320115934 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;09-25-27 | 2328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772 |
| Bank of America, Loan ID - R1D320404870 | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;07-01-38 | 8940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6807 |
| Bank of America, Loan ID - R1D321106165 (H) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;03-01-37 | 3168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2412 |
| Bank of America, Loan ID - R1D321285469 (I) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;06-01-24 | 11451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8718 |
| Bank of America, Loan ID - R1D321313401 | &nbsp;&nbsp;14.375 | &nbsp;&nbsp;09-25-27 | 289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 6

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Bank of America, Loan ID - R1D321458571 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;05-01-26 | 12923 | &nbsp;&nbsp;$9840 |
| Bank of America, Loan ID - R1D321567782 | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;07-01-35 | 4568 | &nbsp;&nbsp;&nbsp;&nbsp;3478 |
| Bank of America, Loan ID - R1D321672554 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-01-24 | 68643 | &nbsp;&nbsp;52265 |
| Bank of America, Loan ID - R1D321680064 (H) | &nbsp;&nbsp;&nbsp;&nbsp;8.625 | &nbsp;&nbsp;01-01-28 | 4038 | &nbsp;&nbsp;&nbsp;&nbsp;3074 |
| Bank of America, Loan ID - R1D321772642 (I) | &nbsp;&nbsp;12.875 | &nbsp;&nbsp;07-01-24 | 5193 | &nbsp;&nbsp;&nbsp;&nbsp;3954 |
| Bank of America, Loan ID - R1D321802346 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;07-01-42 | 3175 | &nbsp;&nbsp;&nbsp;&nbsp;2418 |
| Bank of America, Loan ID - R1D323613087 | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;10-01-31 | 8648 | &nbsp;&nbsp;&nbsp;&nbsp;6585 |
| Bank of America, Loan ID - R1D326967519 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;02-01-30 | 14303 | &nbsp;&nbsp;10890 |
| Bank of America, Loan ID - R1D329279749 | &nbsp;&nbsp;&nbsp;&nbsp;9.375 | &nbsp;&nbsp;02-01-37 | 7321 | &nbsp;&nbsp;&nbsp;&nbsp;5574 |
| Bank of America, Loan ID - R1D331184438 | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;06-01-28 | 10556 | &nbsp;&nbsp;&nbsp;&nbsp;8038 |
| Bank of America, Loan ID - R1D331351411 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;11-01-37 | 29529 | &nbsp;&nbsp;22483 |
| Bank of America, Loan ID - R1D332396107 | &nbsp;&nbsp;&nbsp;&nbsp;1.000 | &nbsp;&nbsp;06-01-28 | 20770 | &nbsp;&nbsp;15814 |
| Bank of America, Loan ID - R1D333118907 | &nbsp;&nbsp;&nbsp;&nbsp;8.625 | &nbsp;&nbsp;11-01-28 | 7402 | &nbsp;&nbsp;&nbsp;&nbsp;5636 |
| Bank of America, Loan ID - R1D333435452 (G) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;11-01-24 | 7785 | &nbsp;&nbsp;&nbsp;&nbsp;5927 |
| Bank of America, Loan ID - R1D334715743 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;12-01-36 | 16703 | &nbsp;&nbsp;12717 |
| Bank of America, Loan ID - R1D338003284 (H) | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;09-01-41 | 17578 | &nbsp;&nbsp;13384 |
| Bank of America, Loan ID - R1D341220853 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;10-25-28 | 10597 | &nbsp;&nbsp;&nbsp;&nbsp;8069 |
| Bank of America, Loan ID - R1D341275604 (I) | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;09-01-24 | 1847 | &nbsp;&nbsp;&nbsp;&nbsp;1407 |
| Bank of America, Loan ID - R1D345587535 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;11-01-36 | 27471 | &nbsp;&nbsp;20916 |
| Bank of America, Loan ID - R1D345744745 | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;08-01-33 | 5242 | &nbsp;&nbsp;&nbsp;&nbsp;3992 |
| Bank of America, Loan ID - R1D347751887 (H) | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;11-25-28 | 16276 | &nbsp;&nbsp;12392 |
| Bank of America, Loan ID - R1D348255384 | &nbsp;&nbsp;12.625 | &nbsp;&nbsp;06-01-35 | 4931 | &nbsp;&nbsp;&nbsp;&nbsp;3754 |
| Bank of America, Loan ID - R1D361892055 (G) | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;01-01-32 | 1226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933 |
| Bank of America, Loan ID - R1D362185211 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;05-25-29 | 51849 | &nbsp;&nbsp;39478 |
| Bank of America, Loan ID - R1D362733412 (H) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;08-01-27 | 5061 | &nbsp;&nbsp;&nbsp;&nbsp;3853 |

---

7 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Bank of America, Loan ID - R1D363420996 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;05-25-29 | 9822 | &nbsp;&nbsp;&nbsp;&nbsp;$7479 |
| Bank of America, Loan ID - R1D363873763 | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;08-01-29 | 37304 | &nbsp;&nbsp;&nbsp;&nbsp;28403 |
| Bank of America, Loan ID - R1D36749564 (H) | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;06-01-35 | 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| Bank of America, Loan ID - R1D368227582 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;12-01-28 | 21913 | &nbsp;&nbsp;&nbsp;&nbsp;16685 |
| Bank of America, Loan ID - R1D377116667 (G) | &nbsp;&nbsp;12.125 | &nbsp;&nbsp;08-01-24 | 9988 | &nbsp;&nbsp;&nbsp;&nbsp;7605 |
| Bank of America, Loan ID - R1D382472688 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;11-01-28 | 100524 | &nbsp;&nbsp;&nbsp;&nbsp;76539 |
| Bank of America, Loan ID - R1D4135626031 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;10-11-35 | 55671 | &nbsp;&nbsp;&nbsp;&nbsp;42466 |
| Bank of America, Loan ID - R1D4142880321 (H) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;06-15-36 | 57047 | &nbsp;&nbsp;&nbsp;&nbsp;43515 |
| Bank of America, Loan ID - R1D4176255967 | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;07-25-32 | 17098 | &nbsp;&nbsp;&nbsp;&nbsp;13042 |
| Bank of America, Loan ID - R1D4874021873 | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;11-01-34 | 153879 | &nbsp;&nbsp;117379 |
| Bank of America, Loan ID - R1D4875700321 (G) | &nbsp;&nbsp;&nbsp;&nbsp;7.100 | &nbsp;&nbsp;06-30-30 | 17365 | &nbsp;&nbsp;&nbsp;&nbsp;13246 |
| Bank of America, Loan ID - R1D4875758189 (G) | &nbsp;&nbsp;&nbsp;&nbsp;2.740 | &nbsp;&nbsp;03-29-33 | 369829 | &nbsp;&nbsp;282105 |
| Bank of America, Loan ID - R1D4875958325 | &nbsp;&nbsp;&nbsp;&nbsp;8.440 | &nbsp;&nbsp;12-01-31 | 13631 | &nbsp;&nbsp;&nbsp;&nbsp;10398 |
| Bank of America, Loan ID - R1D4875960106 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.090 | &nbsp;&nbsp;04-15-32 | 35826 | &nbsp;&nbsp;&nbsp;&nbsp;27328 |
| Bank of America, Loan ID - R1D4875973630 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.090 | &nbsp;&nbsp;03-01-31 | 22201 | &nbsp;&nbsp;&nbsp;&nbsp;16935 |
| Bank of America, Loan ID - R1D4876049582 (H) | &nbsp;&nbsp;&nbsp;&nbsp;8.240 | &nbsp;&nbsp;07-18-32 | 18292 | &nbsp;&nbsp;&nbsp;&nbsp;13953 |
| Bank of America, Loan ID - R1D4876317082 (G) | &nbsp;&nbsp;&nbsp;&nbsp;7.490 | &nbsp;&nbsp;07-29-30 | 59371 | &nbsp;&nbsp;&nbsp;&nbsp;45288 |
| Bank of America, Loan ID - R1D4876762155 (H) | &nbsp;&nbsp;&nbsp;&nbsp;7.740 | &nbsp;&nbsp;01-16-36 | 60388 | &nbsp;&nbsp;&nbsp;&nbsp;46064 |
| Bank of America, Loan ID - R1D4876763347 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-03-54 | 347507 | &nbsp;&nbsp;265078 |
| Bank of America, Loan ID - R1D4876771641 (G) | &nbsp;&nbsp;&nbsp;&nbsp;2.740 | &nbsp;&nbsp;06-01-35 | 137964 | &nbsp;&nbsp;105239 |
| Bank of America, Loan ID - R1D4876787441 (G) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;09-01-54 | 333844 | &nbsp;&nbsp;254656 |
| Bank of America, Loan ID - R1D4877096402 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.240 | &nbsp;&nbsp;05-01-35 | 30803 | &nbsp;&nbsp;&nbsp;&nbsp;23496 |
| Bank of America, Loan ID - R1D4877182962 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.059 | &nbsp;&nbsp;11-12-31 | 48719 | &nbsp;&nbsp;&nbsp;&nbsp;37163 |
| Bank of America, Loan ID - R1D4877521188 | &nbsp;&nbsp;&nbsp;&nbsp;6.190 | &nbsp;&nbsp;02-09-32 | 12075 | &nbsp;&nbsp;&nbsp;&nbsp;9211 |
| Bank of America, Loan ID - R1D648343679 | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;11-25-29 | 70425 | &nbsp;&nbsp;&nbsp;&nbsp;57178 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 8

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Bank of America, Loan ID - R1D65796677 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;10-25-29 | 5117 | &nbsp;&nbsp;&nbsp;&nbsp;$4155 |
| Bank of America, Loan ID - R1D667955965 (G) | &nbsp;&nbsp;11.375 | &nbsp;&nbsp;10-25-29 | 9340 | &nbsp;&nbsp;&nbsp;&nbsp;7583 |
| Bank of America, Loan ID - R1D67442686 | &nbsp;&nbsp;12.750 | &nbsp;&nbsp;10-25-29 | 5839 | &nbsp;&nbsp;&nbsp;&nbsp;4741 |
| Bank of America, Loan ID - R1D676546412 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-25-29 | 144930 | &nbsp;&nbsp;117669 |
| Bank of America, Loan ID - R1D677588112 (G) | &nbsp;&nbsp;12.500 | &nbsp;&nbsp;08-25-29 | 17049 | &nbsp;&nbsp;&nbsp;&nbsp;13842 |
| Bank of America, Loan ID - R1D681784389 (G) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;09-25-29 | 379955 | &nbsp;&nbsp;308486 |
| Bank of America, Loan ID - R1D681965722 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;10-25-29 | 24793 | &nbsp;&nbsp;&nbsp;&nbsp;20129 |
| Bank of America, Loan ID - R1D681977177 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;10-25-29 | 4098 | &nbsp;&nbsp;&nbsp;&nbsp;3327 |
| Bank of America, Loan ID - R1D682449041 (G) | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;10-25-29 | 13590 | &nbsp;&nbsp;&nbsp;&nbsp;11034 |
| Bank of America, Loan ID - R1D682585998 (G) | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;10-25-29 | 317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257 |
| Bank of America, Loan ID - R1D683013538 | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;11-25-29 | 2691 | &nbsp;&nbsp;&nbsp;&nbsp;2185 |
| Bank of America, Loan ID - R1D683170000 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-25-29 | 17414 | &nbsp;&nbsp;&nbsp;&nbsp;14138 |
| Bank of America, Loan ID - R1D683843935 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;10-25-29 | 1135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922 |
| Bank of America, Loan ID - R1D684180712 | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;10-25-29 | 4970 | &nbsp;&nbsp;&nbsp;&nbsp;4035 |
| Bank of America, Loan ID - R1D684517492 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;10-25-29 | 32592 | &nbsp;&nbsp;&nbsp;&nbsp;26461 |
| Bank of America, Loan ID - R1D684760509 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;11-25-29 | 4154 | &nbsp;&nbsp;&nbsp;&nbsp;3373 |
| Bank of America, Loan ID - R1D684953503 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;11-25-29 | 16228 | &nbsp;&nbsp;&nbsp;&nbsp;13176 |
| Bank of America, Loan ID - R1D684967411 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;11-25-29 | 92711 | &nbsp;&nbsp;&nbsp;&nbsp;75272 |
| Bank of America, Loan ID - R1D685329020 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;11-25-29 | 5343 | &nbsp;&nbsp;&nbsp;&nbsp;4338 |
| Bank of America, Loan ID - R1D685968483 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;11-25-29 | 8113 | &nbsp;&nbsp;&nbsp;&nbsp;6587 |
| Bank of America, Loan ID - R1D686170042 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;11-25-29 | 144976 | &nbsp;&nbsp;117706 |
| Bank of America, Loan ID - R1D686179719 | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;11-25-29 | 6322 | &nbsp;&nbsp;&nbsp;&nbsp;5133 |
| Bank of America, Loan ID - R1D686281525 | &nbsp;&nbsp;13.125 | &nbsp;&nbsp;11-25-29 | 5096 | &nbsp;&nbsp;&nbsp;&nbsp;4137 |
| Bank of America, Loan ID - R1D686392408 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;11-25-29 | 82692 | &nbsp;&nbsp;&nbsp;&nbsp;67138 |
| Bank of America, Loan ID - R1D686481633 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;11-25-29 | 16069 | &nbsp;&nbsp;&nbsp;&nbsp;13046 |

---

9 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Bank of America, Loan ID - R1D686527895 (G) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;11-25-29 | 10582 | &nbsp;&nbsp;$8592 |
| Capital Asset Management, Loan ID - R1D1153882 | &nbsp;&nbsp;&nbsp;&nbsp;3.900 | &nbsp;&nbsp;09-01-47 | 67775 | &nbsp;&nbsp;40909 |
| Capital Asset Management, Loan ID - R1D1183348 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-01-48 | 40134 | &nbsp;&nbsp;24225 |
| Capital Asset Management, Loan ID - R1D1184084 (G) | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-01-49 | 46002 | &nbsp;&nbsp;27767 |
| Capital Asset Management, Loan ID - R1D1184204 (H) | &nbsp;&nbsp;12.375 | &nbsp;&nbsp;12-01-36 | 64418 | &nbsp;&nbsp;38883 |
| Capital Asset Management, Loan ID - R1D1184992 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;11-10-43 | 32697 | &nbsp;&nbsp;19736 |
| Capital Asset Management, Loan ID - R1D1214687 (H) | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;01-01-52 | 146102 | &nbsp;&nbsp;88187 |
| Capital Asset Management, Loan ID - R1D1214825 (G) | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;02-01-37 | 117362 | &nbsp;&nbsp;70840 |
| Capital Asset Management, Loan ID - R1D1216036 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;03-19-62 | 47118 | &nbsp;&nbsp;28441 |
| Capital Asset Management, Loan ID - R1D1233673 (H) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;02-15-27 | 7842 | &nbsp;&nbsp;&nbsp;&nbsp;4733 |
| Capital Asset Management, Loan ID - R1D1246972 | &nbsp;&nbsp;&nbsp;&nbsp;6.950 | &nbsp;&nbsp;11-01-35 | 19416 | &nbsp;&nbsp;11719 |
| Capital Asset Management, Loan ID - R1D1251042 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;07-05-41 | 41021 | &nbsp;&nbsp;24760 |
| Capital Asset Management, Loan ID - R1D1270661 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-01-24 | 1659 | &nbsp;&nbsp;&nbsp;&nbsp;1001 |
| Capital Asset Management, Loan ID - R1D1270777 (H) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;03-01-34 | 63818 | &nbsp;&nbsp;38520 |
| Capital Asset Management, Loan ID - R1D1271156 (H) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;02-01-40 | 38609 | &nbsp;&nbsp;23304 |
| Capital Asset Management, Loan ID - R1D1272438 | &nbsp;&nbsp;&nbsp;&nbsp;4.999 | &nbsp;&nbsp;05-01-41 | 15557 | &nbsp;&nbsp;&nbsp;&nbsp;9390 |
| Capital Asset Management, Loan ID - R1D1285038 | &nbsp;&nbsp;&nbsp;&nbsp;7.750 | &nbsp;&nbsp;11-01-37 | 98275 | &nbsp;&nbsp;59319 |
| Capital Asset Management, Loan ID - R1D1314469 (H) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-22-31 | 1351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815 |
| Capital Asset Management, Loan ID - R1D1314557 (G) | &nbsp;&nbsp;12.514 | &nbsp;&nbsp;11-12-21 | 113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 |
| Capital Asset Management, Loan ID - R1D1314775 | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-28-37 | 20974 | &nbsp;&nbsp;12660 |
| Capital Asset Management, Loan ID - R1D1316742 | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;07-25-42 | 33492 | &nbsp;&nbsp;20216 |
| Capital Asset Management, Loan ID - R1D1317596 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;07-02-34 | 38765 | &nbsp;&nbsp;23399 |
| Capital Asset Management, Loan ID - R1D1317738 (G) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;06-01-58 | 75795 | &nbsp;&nbsp;45750 |
| Capital Asset Management, Loan ID - R1D1320040 (H) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;01-12-28 | 2645 | &nbsp;&nbsp;&nbsp;&nbsp;1597 |
| Capital Asset Management, Loan ID - R1D1330504 (G) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;09-15-31 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;2716 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 10

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Capital Asset Management, Loan ID - R1D1331024 (G) | &nbsp;&nbsp;12.389 | &nbsp;&nbsp;01-15-23 | 14346 | &nbsp;&nbsp;$8659 |
| Capital Asset Management, Loan ID - R1D1331435 (G) | &nbsp;&nbsp;13.930 | &nbsp;&nbsp;04-04-24 | 20997 | &nbsp;&nbsp;12674 |
| Capital Asset Management, Loan ID - R1D1331710 (G) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;11-01-35 | 23678 | &nbsp;&nbsp;14292 |
| Capital Asset Management, Loan ID - R1D1332368 (G) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;06-01-26 | 11127 | &nbsp;&nbsp;&nbsp;&nbsp;6716 |
| Capital Asset Management, Loan ID - R1D1333231 | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;08-01-37 | 11984 | &nbsp;&nbsp;&nbsp;&nbsp;7234 |
| Capital Asset Management, Loan ID - R1D1333871 (G) | &nbsp;&nbsp;14.128 | &nbsp;&nbsp;04-13-47 | 18685 | &nbsp;&nbsp;11278 |
| Capital Asset Management, Loan ID - R1D1333909 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;11-01-31 | 28570 | &nbsp;&nbsp;17245 |
| Capital Asset Management, Loan ID - R1D1333990 (G) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;12-01-35 | 68813 | &nbsp;&nbsp;41536 |
| Capital Asset Management, Loan ID - R1D1346507 | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;03-01-36 | 34768 | &nbsp;&nbsp;20986 |
| Capital Asset Management, Loan ID - R1D1372940 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;02-01-26 | 4647 | &nbsp;&nbsp;&nbsp;&nbsp;2805 |
| Capital Asset Management, Loan ID - R1D1373336 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;07-01-22 | 731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441 |
| Capital Asset Management, Loan ID - R1D1373352 (G) | &nbsp;&nbsp;10.720 | &nbsp;&nbsp;12-01-28 | 12375 | &nbsp;&nbsp;&nbsp;&nbsp;7469 |
| Capital Asset Management, Loan ID - R1D1373527 (H) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-24 | 5126 | &nbsp;&nbsp;&nbsp;&nbsp;3094 |
| Capital Asset Management, Loan ID - R1D1374601 | &nbsp;&nbsp;&nbsp;&nbsp;9.996 | &nbsp;&nbsp;06-01-28 | 9717 | &nbsp;&nbsp;&nbsp;&nbsp;5865 |
| Capital Asset Management, Loan ID - R1D1376601 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;08-01-21 | 3528 | &nbsp;&nbsp;&nbsp;&nbsp;2129 |
| Capital Asset Management, Loan ID - R1D1377871 (G) | &nbsp;&nbsp;14.600 | &nbsp;&nbsp;10-01-21 | 3780 | &nbsp;&nbsp;&nbsp;&nbsp;2282 |
| Capital Asset Management, Loan ID - R1D1377909 (G) | &nbsp;&nbsp;14.069 | &nbsp;&nbsp;04-01-22 | 5710 | &nbsp;&nbsp;&nbsp;&nbsp;3447 |
| Capital Asset Management, Loan ID - R1D1379406 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;09-01-25 | 7392 | &nbsp;&nbsp;&nbsp;&nbsp;4462 |
| Capital Asset Management, Loan ID - R1D1379505 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;06-01-21 | 3599 | &nbsp;&nbsp;&nbsp;&nbsp;2172 |
| Capital Asset Management, Loan ID - R1D1382459 (G) | &nbsp;&nbsp;11.290 | &nbsp;&nbsp;09-01-24 | 8526 | &nbsp;&nbsp;&nbsp;&nbsp;5147 |
| Capital Asset Management, Loan ID - R1D1382688 (H) | &nbsp;&nbsp;10.480 | &nbsp;&nbsp;10-01-28 | 5135 | &nbsp;&nbsp;&nbsp;&nbsp;3099 |
| Capital Asset Management, Loan ID - R1D1383898 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;03-01-28 | 7284 | &nbsp;&nbsp;&nbsp;&nbsp;4397 |
| Capital Asset Management, Loan ID - R1D1383904 (G) | &nbsp;&nbsp;14.447 | &nbsp;&nbsp;04-01-26 | 6652 | &nbsp;&nbsp;&nbsp;&nbsp;4015 |
| Capital Asset Management, Loan ID - R1D1384406 (G) | &nbsp;&nbsp;14.148 | &nbsp;&nbsp;07-01-23 | 9112 | &nbsp;&nbsp;&nbsp;&nbsp;5500 |
| Capital Asset Management, Loan ID - R1D1384420 (G) | &nbsp;&nbsp;14.350 | &nbsp;&nbsp;02-01-24 | 8976 | &nbsp;&nbsp;&nbsp;&nbsp;5418 |

---

11 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Capital Asset Management, Loan ID - R1D1386024 | &nbsp;&nbsp;&nbsp;&nbsp;8.688 | &nbsp;&nbsp;05-01-28 | 5875 | &nbsp;&nbsp;$3546 |
| Capital Asset Management, Loan ID - R1D1386378 | &nbsp;&nbsp;14.140 | &nbsp;&nbsp;08-01-25 | 1518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916 |
| Capital Asset Management, Loan ID - R1D1386680 (H) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;02-19-34 | 12044 | &nbsp;&nbsp;&nbsp;&nbsp;7270 |
| Capital Asset Management, Loan ID - R1D1387610 (G) | &nbsp;&nbsp;13.656 | &nbsp;&nbsp;09-23-32 | 13567 | &nbsp;&nbsp;&nbsp;&nbsp;8189 |
| Capital Asset Management, Loan ID - R1D1388781 (G) | &nbsp;&nbsp;14.660 | &nbsp;&nbsp;12-20-35 | 13649 | &nbsp;&nbsp;&nbsp;&nbsp;8239 |
| Capital Asset Management, Loan ID - R1D138888 (G) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;05-01-57 | 25694 | &nbsp;&nbsp;15509 |
| Capital Asset Management, Loan ID - R1D1388909 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-01-21 | 7478 | &nbsp;&nbsp;&nbsp;&nbsp;4514 |
| Capital Asset Management, Loan ID - R1D1389180 | &nbsp;&nbsp;11.060 | &nbsp;&nbsp;03-01-27 | 13874 | &nbsp;&nbsp;&nbsp;&nbsp;8374 |
| Capital Asset Management, Loan ID - R1D1390047 | &nbsp;&nbsp;14.347 | &nbsp;&nbsp;05-05-25 | 5472 | &nbsp;&nbsp;&nbsp;&nbsp;3303 |
| Capital Asset Management, Loan ID - R1D1390407 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;01-01-21 | 2157 | &nbsp;&nbsp;&nbsp;&nbsp;1302 |
| Capital Asset Management, Loan ID - R1D1391149 (G) | &nbsp;&nbsp;14.280 | &nbsp;&nbsp;03-01-20 | 848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512 |
| Capital Asset Management, Loan ID - R1D1391275 (H) | &nbsp;&nbsp;14.908 | &nbsp;&nbsp;02-05-32 | 10018 | &nbsp;&nbsp;&nbsp;&nbsp;6047 |
| Capital Asset Management, Loan ID - R1D1391842 | &nbsp;&nbsp;13.970 | &nbsp;&nbsp;06-28-35 | 13924 | &nbsp;&nbsp;&nbsp;&nbsp;8404 |
| Capital Asset Management, Loan ID - R1D1392485 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.304 | &nbsp;&nbsp;02-01-22 | 8524 | &nbsp;&nbsp;&nbsp;&nbsp;5145 |
| Capital Asset Management, Loan ID - R1D1392795 (H) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-21 | 5716 | &nbsp;&nbsp;&nbsp;&nbsp;3450 |
| Capital Asset Management, Loan ID - R1D1392980 (G) | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;09-01-25 | 6120 | &nbsp;&nbsp;&nbsp;&nbsp;3694 |
| Capital Asset Management, Loan ID - R1D1393130 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;02-01-29 | 5467 | &nbsp;&nbsp;&nbsp;&nbsp;3300 |
| Capital Asset Management, Loan ID - R1D1394267 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-22 | 4002 | &nbsp;&nbsp;&nbsp;&nbsp;2415 |
| Capital Asset Management, Loan ID - R1D1394531 (H) | &nbsp;&nbsp;11.890 | &nbsp;&nbsp;05-01-28 | 10516 | &nbsp;&nbsp;&nbsp;&nbsp;6348 |
| Capital Asset Management, Loan ID - R1D1395006 (H) | &nbsp;&nbsp;13.690 | &nbsp;&nbsp;02-28-30 | 8669 | &nbsp;&nbsp;&nbsp;&nbsp;5232 |
| Capital Asset Management, Loan ID - R1D1395613 (H) | &nbsp;&nbsp;14.810 | &nbsp;&nbsp;02-01-23 | 14939 | &nbsp;&nbsp;&nbsp;&nbsp;9017 |
| Capital Asset Management, Loan ID - R1D1399385 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-22-21 | 329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199 |
| Capital Asset Management, Loan ID - R1D1404291 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;08-01-61 | 24083 | &nbsp;&nbsp;14537 |
| Capital Asset Management, Loan ID - R1D1404613 (G) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;04-01-25 | 9946 | &nbsp;&nbsp;&nbsp;&nbsp;6003 |
| Capital Asset Management, Loan ID - R1D1405485 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-32 | 37268 | &nbsp;&nbsp;22495 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 12

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Capital Asset Management, Loan ID - R1D1406329 (G) | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-01-35 | 75034 | &nbsp;&nbsp;$45291 |
| Capital Asset Management, Loan ID - R1D1410621 (H) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;11-30-37 | 169739 | &nbsp;&nbsp;102454 |
| Capital Asset Management, Loan ID - R1D1493873 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;08-20-29 | 96719 | &nbsp;&nbsp;&nbsp;&nbsp;58380 |
| Capital Asset Management, Loan ID - R1D1500901 | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;09-29-25 | 629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379 |
| Capital Asset Management, Loan ID - R1D1526783 | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;03-01-32 | 25511 | &nbsp;&nbsp;&nbsp;&nbsp;15398 |
| Capital Asset Management, Loan ID - R1D1538702 | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-59 | 357298 | &nbsp;&nbsp;215665 |
| Capital Asset Management, Loan ID - R1D1582190 (H) | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;06-01-28 | 9774 | &nbsp;&nbsp;&nbsp;&nbsp;5900 |
| Capital Asset Management, Loan ID - R1D1582271 (G) | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;10-01-28 | 18747 | &nbsp;&nbsp;&nbsp;&nbsp;11316 |
| Capital Asset Management, Loan ID - R1D1582428 (G) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;01-01-43 | 74858 | &nbsp;&nbsp;&nbsp;&nbsp;45185 |
| Capital Asset Management, Loan ID - R1D1582688 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-01-30 | 15939 | &nbsp;&nbsp;&nbsp;&nbsp;9621 |
| Capital Asset Management, Loan ID - R1D1582848 (G) | &nbsp;&nbsp;13.990 | &nbsp;&nbsp;05-24-32 | 12462 | &nbsp;&nbsp;&nbsp;&nbsp;7522 |
| Capital Asset Management, Loan ID - R1D1583331 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-27 | 11483 | &nbsp;&nbsp;&nbsp;&nbsp;6931 |
| Capital Asset Management, Loan ID - R1D1584709 (G) | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-01-31 | 8506 | &nbsp;&nbsp;&nbsp;&nbsp;5134 |
| Capital Asset Management, Loan ID - R1D1584745 | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;12-01-36 | 22316 | &nbsp;&nbsp;&nbsp;&nbsp;13470 |
| Capital Asset Management, Loan ID - R1D1584833 | &nbsp;&nbsp;11.975 | &nbsp;&nbsp;04-01-31 | 20842 | &nbsp;&nbsp;&nbsp;&nbsp;12580 |
| Capital Asset Management, Loan ID - R1D1585078 (H) | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;04-01-24 | 3891 | &nbsp;&nbsp;&nbsp;&nbsp;2349 |
| CTF Asset Management, Loan ID - R1D861192126 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;01-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D861221792 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;01-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D861350237 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-52 | 27500 | &nbsp;&nbsp;&nbsp;&nbsp;24959 |
| CTF Asset Management, Loan ID - R1D861388112 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;01-01-52 | 51500 | &nbsp;&nbsp;&nbsp;&nbsp;46741 |
| CTF Asset Management, Loan ID - R1D861527735 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862116231 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-01-52 | 186001 | &nbsp;&nbsp;168815 |
| CTF Asset Management, Loan ID - R1D862166335 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;03-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862302948 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;04-01-52 | 48867 | &nbsp;&nbsp;&nbsp;&nbsp;44351 |
| CTF Asset Management, Loan ID - R1D862332325 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-52 | 500000 | &nbsp;&nbsp;453800 |

---

13 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| CTF Asset Management, Loan ID - R1D862389291 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;04-01-52 | 300000 | &nbsp;&nbsp;$272280 |
| CTF Asset Management, Loan ID - R1D862389994 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;04-01-52 | 52500 | &nbsp;&nbsp;&nbsp;&nbsp;47649 |
| CTF Asset Management, Loan ID - R1D862399514 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862440813 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;05-01-52 | 92000 | &nbsp;&nbsp;&nbsp;&nbsp;83499 |
| CTF Asset Management, Loan ID - R1D862465398 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;05-01-52 | 29000 | &nbsp;&nbsp;&nbsp;&nbsp;26320 |
| CTF Asset Management, Loan ID - R1D862505037 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;05-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862525928 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;05-01-52 | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;104374 |
| CTF Asset Management, Loan ID - R1D862525936 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;05-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862651740 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;06-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862651831 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;06-01-52 | 71460 | &nbsp;&nbsp;&nbsp;&nbsp;64857 |
| CTF Asset Management, Loan ID - R1D862687082 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;06-01-52 | 48842 | &nbsp;&nbsp;&nbsp;&nbsp;44329 |
| CTF Asset Management, Loan ID - R1D862731658 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 59500 | &nbsp;&nbsp;&nbsp;&nbsp;54002 |
| CTF Asset Management, Loan ID - R1D862732045 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D862739529 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 8340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7569 |
| CTF Asset Management, Loan ID - R1D862749858 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 252300 | &nbsp;&nbsp;&nbsp;&nbsp;228987 |
| CTF Asset Management, Loan ID - R1D862750401 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 72500 | &nbsp;&nbsp;&nbsp;&nbsp;65801 |
| CTF Asset Management, Loan ID - R1D862750500 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 477000 | &nbsp;&nbsp;&nbsp;&nbsp;432925 |
| CTF Asset Management, Loan ID - R1D862750765 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-01-52 | 86300 | &nbsp;&nbsp;&nbsp;&nbsp;78326 |
| CTF Asset Management, Loan ID - R1D862799119 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;07-01-52 | 49625 | &nbsp;&nbsp;&nbsp;&nbsp;45040 |
| CTF Asset Management, Loan ID - R1D862829270 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-01-52 | 49399 | &nbsp;&nbsp;&nbsp;&nbsp;44834 |
| CTF Asset Management, Loan ID - R1D862849351 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;07-01-52 | 151198 | &nbsp;&nbsp;&nbsp;&nbsp;137227 |
| CTF Asset Management, Loan ID - R1D862876396 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-01-52 | 60500 | &nbsp;&nbsp;&nbsp;&nbsp;54910 |
| CTF Asset Management, Loan ID - R1D862922356 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-01-52 | 24596 | &nbsp;&nbsp;&nbsp;&nbsp;22323 |
| CTF Asset Management, Loan ID - R1D865490872 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-01-52 | 141000 | &nbsp;&nbsp;&nbsp;&nbsp;127972 |
| CTF Asset Management, Loan ID - R1D865490948 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;08-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 14

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| CTF Asset Management, Loan ID - R1D865490955 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;08-01-52 | 572500 | &nbsp;&nbsp;$519601 |
| CTF Asset Management, Loan ID - R1D865490971 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;08-01-52 | 54743 | &nbsp;&nbsp;&nbsp;&nbsp;49685 |
| CTF Asset Management, Loan ID - R1D865490997 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;08-01-52 | 52525 | &nbsp;&nbsp;&nbsp;&nbsp;47672 |
| CTF Asset Management, Loan ID - R1D865491029 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;08-01-52 | 21000 | &nbsp;&nbsp;&nbsp;&nbsp;19060 |
| CTF Asset Management, Loan ID - R1D865491052 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;09-01-52 | 101000 | &nbsp;&nbsp;&nbsp;&nbsp;91668 |
| CTF Asset Management, Loan ID - R1D865491078 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;08-01-52 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;18152 |
| CTF Asset Management, Loan ID - R1D865491102 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;09-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D865491128 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;09-01-52 | 26809 | &nbsp;&nbsp;&nbsp;&nbsp;24332 |
| CTF Asset Management, Loan ID - R1D865491136 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;09-01-52 | 58572 | &nbsp;&nbsp;&nbsp;&nbsp;53160 |
| CTF Asset Management, Loan ID - R1D865491185 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;10-01-52 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| CTF Asset Management, Loan ID - R1D865491219 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;10-01-52 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;204210 |
| CTF Asset Management, Loan ID - R1D89160038038 | &nbsp;&nbsp;12.200 | &nbsp;&nbsp;12-01-36 | 67932 | &nbsp;&nbsp;&nbsp;&nbsp;61655 |
| CTF Asset Management, Loan ID - R1D89160044688 | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;04-01-64 | 193079 | &nbsp;&nbsp;&nbsp;&nbsp;175239 |
| CTF Asset Management, Loan ID - R1D89160044690 | &nbsp;&nbsp;&nbsp;&nbsp;0.000 | &nbsp;&nbsp;07-01-37 | 12989 | &nbsp;&nbsp;&nbsp;&nbsp;11789 |
| CTF Asset Management, Loan ID - R1D89160044748 | &nbsp;&nbsp;11.700 | &nbsp;&nbsp;05-01-39 | 15160 | &nbsp;&nbsp;&nbsp;&nbsp;13759 |
| CTF Asset Management, Loan ID - R1D89160045474 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;06-01-53 | 22162 | &nbsp;&nbsp;&nbsp;&nbsp;20114 |
| CTF Asset Management, Loan ID - R1D89160045528 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;07-01-29 | 36061 | &nbsp;&nbsp;&nbsp;&nbsp;32729 |
| CTF Asset Management, Loan ID - R1D89160046378 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;09-01-63 | 74980 | &nbsp;&nbsp;&nbsp;&nbsp;68052 |
| CTF Asset Management, Loan ID - R1D89160058918 | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;11-01-52 | 88690 | &nbsp;&nbsp;&nbsp;&nbsp;80495 |
| CTF Asset Management, Loan ID - R1D89160059548 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;06-01-42 | 42758 | &nbsp;&nbsp;&nbsp;&nbsp;38807 |
| CTF Asset Management, Loan ID - R1D89160062114 | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;06-15-51 | 87440 | &nbsp;&nbsp;&nbsp;&nbsp;79360 |
| CTF Asset Management, Loan ID - R1D89160069322 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;07-15-52 | 123732 | &nbsp;&nbsp;&nbsp;&nbsp;112299 |
| CTF Asset Management, Loan ID - R1D89160070252 | &nbsp;&nbsp;&nbsp;&nbsp;9.375 | &nbsp;&nbsp;06-01-37 | 56547 | &nbsp;&nbsp;&nbsp;&nbsp;51322 |
| CTF Asset Management, Loan ID - R1D89160070254 | &nbsp;&nbsp;&nbsp;&nbsp;9.250 | &nbsp;&nbsp;09-20-31 | 64926 | &nbsp;&nbsp;&nbsp;&nbsp;58926 |
| CTF Asset Management, Loan ID - R1D89160070258 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;05-01-42 | 41393 | &nbsp;&nbsp;&nbsp;&nbsp;37569 |

---

15 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| CTF Asset Management, Loan ID - R1D89160070304 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;09-01-62 | 23102 | &nbsp;&nbsp;$20967 |
| CTF Asset Management, Loan ID - R1D89160074370 | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;07-01-36 | 44266 | &nbsp;&nbsp;&nbsp;&nbsp;40176 |
| CTF Asset Management, Loan ID - R1D89160075026 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-20-49 | 75099 | &nbsp;&nbsp;&nbsp;&nbsp;68160 |
| CTF Asset Management, Loan ID - R1D89160076994 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;11-01-60 | 153378 | &nbsp;&nbsp;139206 |
| CTF Asset Management, Loan ID - R1D89160082270 | &nbsp;&nbsp;&nbsp;&nbsp;7.115 | &nbsp;&nbsp;08-01-37 | 65942 | &nbsp;&nbsp;&nbsp;&nbsp;59849 |
| CTF Asset Management, Loan ID - R1D89160082820 | &nbsp;&nbsp;&nbsp;&nbsp;7.989 | &nbsp;&nbsp;10-01-42 | 105931 | &nbsp;&nbsp;&nbsp;&nbsp;96143 |
| CTF Asset Management, Loan ID - R1D89160082824 | &nbsp;&nbsp;&nbsp;&nbsp;7.874 | &nbsp;&nbsp;11-01-52 | 43072 | &nbsp;&nbsp;&nbsp;&nbsp;39093 |
| CTF Asset Management, Loan ID - R1D89160088850 | &nbsp;&nbsp;12.990 | &nbsp;&nbsp;12-01-53 | 198940 | &nbsp;&nbsp;180558 |
| CTF Asset Management, Loan ID - R1D89992031886 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;06-01-30 | 12250 | &nbsp;&nbsp;&nbsp;&nbsp;11118 |
| Harwood Asset Management, Loan ID - R1D89160058998 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;12-01-42 | 33623 | &nbsp;&nbsp;&nbsp;&nbsp;30516 |
| Harwood Asset Management, Loan ID - R1D89160059480 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;11-01-51 | 194734 | &nbsp;&nbsp;176740 |
| Harwood Asset Management, Loan ID - R1D89160061974 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;03-01-43 | 75822 | &nbsp;&nbsp;&nbsp;&nbsp;68816 |
| Harwood Asset Management, Loan ID - R1D89160061988 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;05-01-42 | 47631 | &nbsp;&nbsp;&nbsp;&nbsp;43230 |
| Harwood Asset Management, Loan ID - R1D89160062096 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;09-01-52 | 120225 | &nbsp;&nbsp;109117 |
| Harwood Asset Management, Loan ID - R1D89160062110 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;10-01-41 | 52930 | &nbsp;&nbsp;&nbsp;&nbsp;48039 |
| Harwood Asset Management, Loan ID - R1D89160062136 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;07-01-51 | 126686 | &nbsp;&nbsp;114980 |
| Harwood Asset Management, Loan ID - R1D89160067642 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;06-01-52 | 75190 | &nbsp;&nbsp;&nbsp;&nbsp;68242 |
| Harwood Asset Management, Loan ID - R1D89160080328 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-20-33 | 313929 | &nbsp;&nbsp;284922 |
| Harwood Asset Management, Loan ID - R1D89160080998 | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;03-20-37 | 82599 | &nbsp;&nbsp;&nbsp;&nbsp;74967 |
| Harwood Asset Management, Loan ID - R1D89160083650 | &nbsp;&nbsp;&nbsp;&nbsp;5.890 | &nbsp;&nbsp;01-01-28 | 61000 | &nbsp;&nbsp;&nbsp;&nbsp;55364 |
| Harwood Asset Management, Loan ID - R1D89160083652 | &nbsp;&nbsp;&nbsp;&nbsp;5.184 | &nbsp;&nbsp;10-01-25 | 231500 | &nbsp;&nbsp;210109 |
| Harwood Asset Management, Loan ID - R1D89160083654 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;09-01-27 | 160000 | &nbsp;&nbsp;145216 |
| Harwood Asset Management, Loan ID - R1D89160083656 | &nbsp;&nbsp;&nbsp;&nbsp;5.800 | &nbsp;&nbsp;04-25-53 | 83035 | &nbsp;&nbsp;&nbsp;&nbsp;75363 |
| Harwood Asset Management, Loan ID - R1D89160083658 | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;03-01-28 | 124187 | &nbsp;&nbsp;112712 |
| Harwood Asset Management, Loan ID - R1D89160083660 | &nbsp;&nbsp;&nbsp;&nbsp;6.120 | &nbsp;&nbsp;02-01-28 | 148084 | &nbsp;&nbsp;134401 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 16

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Harwood Asset Management, Loan ID - R1D89160083666 | &nbsp;&nbsp;&nbsp;&nbsp;9.250 | &nbsp;&nbsp;06-01-26 | 47377 | &nbsp;&nbsp;$42999 |
| Harwood Asset Management, Loan ID - R1D89160083668 | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-01-42 | 37718 | &nbsp;&nbsp;&nbsp;&nbsp;34233 |
| Harwood Asset Management, Loan ID - R1D89160083676 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;08-01-27 | 106894 | &nbsp;&nbsp;&nbsp;&nbsp;97017 |
| Harwood Asset Management, Loan ID - R1D89160083678 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-27 | 39394 | &nbsp;&nbsp;&nbsp;&nbsp;35754 |
| Harwood Asset Management, Loan ID - R1D89160083682 | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;04-01-53 | 132456 | &nbsp;&nbsp;120217 |
| Harwood Asset Management, Loan ID - R1D89160083702 | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-01-26 | 151662 | &nbsp;&nbsp;137648 |
| Harwood Asset Management, Loan ID - R1D89160083706 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;10-01-35 | 50462 | &nbsp;&nbsp;&nbsp;&nbsp;45799 |
| Harwood Asset Management, Loan ID - R1D89160084244 | &nbsp;&nbsp;14.999 | &nbsp;&nbsp;01-01-53 | 29460 | &nbsp;&nbsp;&nbsp;&nbsp;26738 |
| Harwood Asset Management, Loan ID - R1D89160085000 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;11-01-43 | 73560 | &nbsp;&nbsp;&nbsp;&nbsp;66763 |
| Harwood Asset Management, Loan ID - R1D89160086154 | &nbsp;&nbsp;&nbsp;&nbsp;8.990 | &nbsp;&nbsp;09-01-38 | 74040 | &nbsp;&nbsp;&nbsp;&nbsp;67199 |
| Harwood Asset Management, Loan ID - R1D89160086156 | &nbsp;&nbsp;&nbsp;&nbsp;8.990 | &nbsp;&nbsp;09-01-38 | 68749 | &nbsp;&nbsp;&nbsp;&nbsp;62397 |
| Harwood Asset Management, Loan ID - R1D89160086190 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-50 | 78185 | &nbsp;&nbsp;&nbsp;&nbsp;70961 |
| Harwood Asset Management, Loan ID - R1D89160086660 | &nbsp;&nbsp;11.699 | &nbsp;&nbsp;12-01-52 | 47153 | &nbsp;&nbsp;&nbsp;&nbsp;42796 |
| Harwood Asset Management, Loan ID - R1D89160086670 | &nbsp;&nbsp;11.549 | &nbsp;&nbsp;12-01-53 | 58843 | &nbsp;&nbsp;&nbsp;&nbsp;53406 |
| Harwood Asset Management, Loan ID - R1D89160086674 | &nbsp;&nbsp;12.875 | &nbsp;&nbsp;01-01-54 | 86380 | &nbsp;&nbsp;&nbsp;&nbsp;78399 |
| Harwood Asset Management, Loan ID - R1D89160086676 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;12-01-53 | 62921 | &nbsp;&nbsp;&nbsp;&nbsp;57107 |
| Harwood Asset Management, Loan ID - R1D89160087568 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;05-01-36 | 126848 | &nbsp;&nbsp;115127 |
| PPR Capital Management, Loan ID - R1D51303030492 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;10-01-62 | 47275 | &nbsp;&nbsp;&nbsp;&nbsp;24664 |
| PPR Capital Management, Loan ID - R1D51403030022 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;09-01-25 | 153406 | &nbsp;&nbsp;&nbsp;&nbsp;80032 |
| PPR Capital Management, Loan ID - R1D51403030279 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.100 | &nbsp;&nbsp;10-01-36 | 58831 | &nbsp;&nbsp;&nbsp;&nbsp;30692 |
| PPR Capital Management, Loan ID - R1D51403030352 | &nbsp;&nbsp;&nbsp;&nbsp;9.150 | &nbsp;&nbsp;11-01-35 | 93301 | &nbsp;&nbsp;&nbsp;&nbsp;48675 |
| PPR Capital Management, Loan ID - R1D51403030948 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.900 | &nbsp;&nbsp;05-22-38 | 23064 | &nbsp;&nbsp;&nbsp;&nbsp;12032 |
| PPR Capital Management, Loan ID - R1D51502010013 | &nbsp;&nbsp;&nbsp;&nbsp;8.350 | &nbsp;&nbsp;11-01-42 | 8166 | &nbsp;&nbsp;&nbsp;&nbsp;4260 |
| PPR Capital Management, Loan ID - R1D51506010146 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;12-01-46 | 68654 | &nbsp;&nbsp;&nbsp;&nbsp;35817 |
| PPR Capital Management, Loan ID - R1D51506010444 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;01-01-52 | 51641 | &nbsp;&nbsp;&nbsp;&nbsp;26941 |

---

17 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| PPR Capital Management, Loan ID - R1D51506010469 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;09-01-36 | 23928 | &nbsp;&nbsp;$12483 |
| PPR Capital Management, Loan ID - R1D51506010756 | &nbsp;&nbsp;&nbsp;&nbsp;4.800 | &nbsp;&nbsp;09-01-25 | 297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 |
| PPR Capital Management, Loan ID - R1D51507010001 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-01-28 | 4266 | &nbsp;&nbsp;&nbsp;&nbsp;2226 |
| PPR Capital Management, Loan ID - R1D51605010212 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;06-01-31 | 21999 | &nbsp;&nbsp;&nbsp;&nbsp;11477 |
| PPR Capital Management, Loan ID - R1D51611010043 (G) | &nbsp;&nbsp;&nbsp;&nbsp;9.990 | &nbsp;&nbsp;01-01-21 | 16292 | &nbsp;&nbsp;&nbsp;&nbsp;8500 |
| PPR Capital Management, Loan ID - R1D51805030001 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;03-20-43 | 26421 | &nbsp;&nbsp;&nbsp;&nbsp;13784 |
| PPR Capital Management, Loan ID - R1D51808040029 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;06-01-41 | 18446 | &nbsp;&nbsp;&nbsp;&nbsp;9623 |
| PPR Capital Management, Loan ID - R1D51812030089 (G) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;08-01-47 | 70766 | &nbsp;&nbsp;&nbsp;&nbsp;36918 |
| PPR Capital Management, Loan ID - R1D51812030096 (G) | &nbsp;&nbsp;13.500 | &nbsp;&nbsp;07-01-36 | 26579 | &nbsp;&nbsp;&nbsp;&nbsp;13866 |
| PPR Capital Management, Loan ID - R1D51812030180 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-01-50 | 117963 | &nbsp;&nbsp;&nbsp;&nbsp;61541 |
| PPR Capital Management, Loan ID - R1D51903040003 (G) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-30 | 15327 | &nbsp;&nbsp;&nbsp;&nbsp;7996 |
| PPR Capital Management, Loan ID - R1D51903040192 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;02-01-37 | 77366 | &nbsp;&nbsp;&nbsp;&nbsp;40362 |
| PPR Capital Management, Loan ID - R1D51903040208 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.990 | &nbsp;&nbsp;02-01-22 | 82055 | &nbsp;&nbsp;&nbsp;&nbsp;42808 |
| PPR Capital Management, Loan ID - R1D51904010040 (G) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;09-01-51 | 123539 | &nbsp;&nbsp;&nbsp;&nbsp;64450 |
| PPR Capital Management, Loan ID - R1D51906030034 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-01-48 | 214513 | &nbsp;&nbsp;111912 |
| PPR Capital Management, Loan ID - R1D52007020001 (G) | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;04-01-38 | 20587 | &nbsp;&nbsp;&nbsp;&nbsp;10740 |
| PPR Capital Management, Loan ID - R1D52110130001 (G) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-18-42 | 98025 | &nbsp;&nbsp;&nbsp;&nbsp;51140 |
| Shelving Rock, Loan ID - R1D71005316541 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;06-01-31 | 18001 | &nbsp;&nbsp;&nbsp;&nbsp;15824 |
| Shelving Rock, Loan ID - R1D71005330611 | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;08-25-26 | 23351 | &nbsp;&nbsp;&nbsp;&nbsp;20528 |
| Shelving Rock, Loan ID - R1D71005332444 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;10-01-31 | 28623 | &nbsp;&nbsp;&nbsp;&nbsp;25162 |
| Shelving Rock, Loan ID - R1D71005349123 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;10-01-31 | 14355 | &nbsp;&nbsp;&nbsp;&nbsp;12619 |
| Shelving Rock, Loan ID - R1D71006123597 | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;11-01-26 | 164100 | &nbsp;&nbsp;144260 |
| Shelving Rock, Loan ID - R1D7110507803 | &nbsp;&nbsp;&nbsp;&nbsp;8.875 | &nbsp;&nbsp;03-01-27 | 19257 | &nbsp;&nbsp;&nbsp;&nbsp;16929 |
| Shelving Rock, Loan ID - R1D7111713993 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-01-26 | 32215 | &nbsp;&nbsp;&nbsp;&nbsp;28320 |
| Shelving Rock, Loan ID - R1D7120449362 | &nbsp;&nbsp;&nbsp;&nbsp;8.375 | &nbsp;&nbsp;03-15-31 | 14781 | &nbsp;&nbsp;&nbsp;&nbsp;12994 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 18

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Shelving Rock, Loan ID - R1D7131263557 | &nbsp;&nbsp;10.625 | &nbsp;&nbsp;03-01-27 | 98585 | &nbsp;&nbsp;$86666 |
| Shelving Rock, Loan ID - R1D7132056137 | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-01-26 | 114148 | &nbsp;&nbsp;100348 |
| Shelving Rock, Loan ID - R1D7138556254 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;10-01-28 | 48669 | &nbsp;&nbsp;&nbsp;&nbsp;42785 |
| Shelving Rock, Loan ID - R1D714141816 | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;08-01-36 | 282475 | &nbsp;&nbsp;248324 |
| Shelving Rock, Loan ID - R1D7146417973 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-15-26 | 46871 | &nbsp;&nbsp;&nbsp;&nbsp;41204 |
| Shelving Rock, Loan ID - R1D7146861634 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;11-13-31 | 53125 | &nbsp;&nbsp;&nbsp;&nbsp;46702 |
| Shelving Rock, Loan ID - R1D7147552201 (I) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;01-01-25 | 59594 | &nbsp;&nbsp;&nbsp;&nbsp;52389 |
| Shelving Rock, Loan ID - R1D7147658590 | &nbsp;&nbsp;10.525 | &nbsp;&nbsp;01-01-27 | 296909 | &nbsp;&nbsp;261013 |
| Shelving Rock, Loan ID - R1D7147758371 | &nbsp;&nbsp;&nbsp;&nbsp;7.900 | &nbsp;&nbsp;05-10-41 | 6499 | &nbsp;&nbsp;&nbsp;&nbsp;5714 |
| Shelving Rock, Loan ID - R1D7149230333 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-25 | 58992 | &nbsp;&nbsp;&nbsp;&nbsp;51860 |
| Shelving Rock, Loan ID - R1D7149559183 | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;03-31-43 | 51100 | &nbsp;&nbsp;&nbsp;&nbsp;44922 |
| Shelving Rock, Loan ID - R1D7149677942 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;07-01-26 | 99555 | &nbsp;&nbsp;&nbsp;&nbsp;87519 |
| Shelving Rock, Loan ID - R1D7150056432 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;08-01-28 | 109236 | &nbsp;&nbsp;&nbsp;&nbsp;96029 |
| Shelving Rock, Loan ID - R1D715011 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-01-37 | 145091 | &nbsp;&nbsp;127549 |
| Shelving Rock, Loan ID - R1D7150554252 | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;05-01-27 | 62814 | &nbsp;&nbsp;&nbsp;&nbsp;55219 |
| Shelving Rock, Loan ID - R1D715103820 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-41 | 52220 | &nbsp;&nbsp;&nbsp;&nbsp;45906 |
| Shelving Rock, Loan ID - R1D7151117895 | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;12-01-31 | 84605 | &nbsp;&nbsp;&nbsp;&nbsp;74376 |
| Shelving Rock, Loan ID - R1D7151175171 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-01-38 | 21253 | &nbsp;&nbsp;&nbsp;&nbsp;18684 |
| Shelving Rock, Loan ID - R1D7152139837 | &nbsp;&nbsp;&nbsp;&nbsp;7.750 | &nbsp;&nbsp;10-01-29 | 165451 | &nbsp;&nbsp;145448 |
| Shelving Rock, Loan ID - R1D7152394494 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;11-01-31 | 62633 | &nbsp;&nbsp;&nbsp;&nbsp;55061 |
| Shelving Rock, Loan ID - R1D7152875318 | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;01-01-27 | 69876 | &nbsp;&nbsp;&nbsp;&nbsp;61428 |
| Shelving Rock, Loan ID - R1D7153125943 | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;05-01-25 | 44308 | &nbsp;&nbsp;&nbsp;&nbsp;38951 |
| Shelving Rock, Loan ID - R1D7153215845 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;04-01-29 | 37274 | &nbsp;&nbsp;&nbsp;&nbsp;32767 |
| Shelving Rock, Loan ID - R1D7153283112 | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;10-01-27 | 34219 | &nbsp;&nbsp;&nbsp;&nbsp;30081 |
| Shelving Rock, Loan ID - R1D7153331975 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;02-01-27 | 58226 | &nbsp;&nbsp;&nbsp;&nbsp;51186 |

---

19 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Shelving Rock, Loan ID - R1D7153681515 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-28 | 70652 | &nbsp;&nbsp;$62110 |
| Shelving Rock, Loan ID - R1D7154370376 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;07-01-28 | 123112 | &nbsp;&nbsp;108228 |
| Shelving Rock, Loan ID - R1D7154664695 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;04-01-37 | 47505 | &nbsp;&nbsp;&nbsp;&nbsp;41761 |
| Shelving Rock, Loan ID - R1D7154844109 | &nbsp;&nbsp;10.375 | &nbsp;&nbsp;02-01-27 | 172090 | &nbsp;&nbsp;151285 |
| Shelving Rock, Loan ID - R1D7155064828 | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;01-01-32 | 11827 | &nbsp;&nbsp;&nbsp;&nbsp;10397 |
| Shelving Rock, Loan ID - R1D7155104113 (I) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;02-01-25 | 77452 | &nbsp;&nbsp;&nbsp;&nbsp;68088 |
| Shelving Rock, Loan ID - R1D7155528458 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;01-01-32 | 28040 | &nbsp;&nbsp;&nbsp;&nbsp;24650 |
| Shelving Rock, Loan ID - R1D7156105663 | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;01-01-29 | 44185 | &nbsp;&nbsp;&nbsp;&nbsp;38843 |
| Shelving Rock, Loan ID - R1D7156530174 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;04-01-28 | 89142 | &nbsp;&nbsp;&nbsp;&nbsp;78364 |
| Shelving Rock, Loan ID - R1D7157215669 | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;02-29-44 | 9063 | &nbsp;&nbsp;&nbsp;&nbsp;7968 |
| Shelving Rock, Loan ID - R1D7157308823 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;03-01-29 | 75212 | &nbsp;&nbsp;&nbsp;&nbsp;66119 |
| Shelving Rock, Loan ID - R1D7158076955 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;03-01-32 | 139317 | &nbsp;&nbsp;122473 |
| Shelving Rock, Loan ID - R1D7158284666 | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;03-31-28 | 50323 | &nbsp;&nbsp;&nbsp;&nbsp;44239 |
| Shelving Rock, Loan ID - R1D7159142975 | &nbsp;&nbsp;&nbsp;&nbsp;8.875 | &nbsp;&nbsp;05-01-37 | 27281 | &nbsp;&nbsp;&nbsp;&nbsp;23983 |
| Shelving Rock, Loan ID - R1D7190028 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-35 | 163789 | &nbsp;&nbsp;143987 |
| Shelving Rock, Loan ID - R1D728102939 | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;04-01-26 | 71207 | &nbsp;&nbsp;&nbsp;&nbsp;62598 |
| Shelving Rock, Loan ID - R1D7358309 | &nbsp;&nbsp;&nbsp;&nbsp;6.375 | &nbsp;&nbsp;08-01-43 | 73995 | &nbsp;&nbsp;&nbsp;&nbsp;65049 |
| Shelving Rock, Loan ID - R1D7358890 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;12-01-29 | 190923 | &nbsp;&nbsp;167841 |
| Shelving Rock, Loan ID - R1D7371699 | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-01-32 | 153258 | &nbsp;&nbsp;134729 |
| Shelving Rock, Loan ID - R1D7372448 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;05-01-37 | 171661 | &nbsp;&nbsp;150907 |
| Shelving Rock, Loan ID - R1D7379247 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;10-01-29 | 65392 | &nbsp;&nbsp;&nbsp;&nbsp;57486 |
| Shelving Rock, Loan ID - R1D7403476 | &nbsp;&nbsp;&nbsp;&nbsp;7.750 | &nbsp;&nbsp;10-01-35 | 19622 | &nbsp;&nbsp;&nbsp;&nbsp;17250 |
| Shelving Rock, Loan ID - R1D7501299 | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;04-01-26 | 35643 | &nbsp;&nbsp;&nbsp;&nbsp;31334 |
| Shelving Rock, Loan ID - R1D7501374 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;10-01-26 | 44561 | &nbsp;&nbsp;&nbsp;&nbsp;39174 |
| Shelving Rock, Loan ID - R1D7612362392 | &nbsp;&nbsp;&nbsp;&nbsp;7.325 | &nbsp;&nbsp;08-01-25 | 75288 | &nbsp;&nbsp;&nbsp;&nbsp;66186 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 20

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Shelving Rock, Loan ID - R1D7612363572 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;08-01-36 | 13487 | &nbsp;&nbsp;$11856 |
| Shelving Rock, Loan ID - R1D7612563619 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-25 | 35515 | &nbsp;&nbsp;&nbsp;&nbsp;31221 |
| Shelving Rock, Loan ID - R1D7612687814 | &nbsp;&nbsp;&nbsp;&nbsp;7.625 | &nbsp;&nbsp;05-01-27 | 94928 | &nbsp;&nbsp;&nbsp;&nbsp;83452 |
| Shelving Rock, Loan ID - R1D7612704445 | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;08-01-25 | 22113 | &nbsp;&nbsp;&nbsp;&nbsp;19440 |
| Shelving Rock, Loan ID - R1D7612780007 | &nbsp;&nbsp;10.630 | &nbsp;&nbsp;07-01-25 | 38762 | &nbsp;&nbsp;&nbsp;&nbsp;34076 |
| Shelving Rock, Loan ID - R1D7612782771 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;09-01-28 | 8301 | &nbsp;&nbsp;&nbsp;&nbsp;7297 |
| Shelving Rock, Loan ID - R1D7612786152 | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;08-01-25 | 16664 | &nbsp;&nbsp;&nbsp;&nbsp;14649 |
| Shelving Rock, Loan ID - R1D7612791616 | &nbsp;&nbsp;&nbsp;&nbsp;6.490 | &nbsp;&nbsp;12-01-36 | 136796 | &nbsp;&nbsp;120257 |
| Shelving Rock, Loan ID - R1D7612795344 | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;11-01-27 | 54494 | &nbsp;&nbsp;&nbsp;&nbsp;47906 |
| Shelving Rock, Loan ID - R1D7612815027 | &nbsp;&nbsp;&nbsp;&nbsp;8.312 | &nbsp;&nbsp;01-01-37 | 54480 | &nbsp;&nbsp;&nbsp;&nbsp;47894 |
| Shelving Rock, Loan ID - R1D7612822130 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-01-28 | 43096 | &nbsp;&nbsp;&nbsp;&nbsp;37886 |
| Shelving Rock, Loan ID - R1D7612838599 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;05-01-26 | 78509 | &nbsp;&nbsp;&nbsp;&nbsp;69018 |
| Shelving Rock, Loan ID - R1D7612845552 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-01-26 | 54820 | &nbsp;&nbsp;&nbsp;&nbsp;48192 |
| Shelving Rock, Loan ID - R1D7612870923 | &nbsp;&nbsp;&nbsp;&nbsp;9.625 | &nbsp;&nbsp;06-01-33 | 36763 | &nbsp;&nbsp;&nbsp;&nbsp;32318 |
| Shelving Rock, Loan ID - R1D7612900092 | &nbsp;&nbsp;&nbsp;&nbsp;9.625 | &nbsp;&nbsp;08-01-25 | 14599 | &nbsp;&nbsp;&nbsp;&nbsp;12834 |
| Shelving Rock, Loan ID - R1D7612916767 (I) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;12-01-24 | 143309 | &nbsp;&nbsp;125983 |
| Shelving Rock, Loan ID - R1D7612930362 | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;12-01-28 | 95370 | &nbsp;&nbsp;&nbsp;&nbsp;83840 |
| Shelving Rock, Loan ID - R1D7612930867 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;03-01-29 | 98585 | &nbsp;&nbsp;&nbsp;&nbsp;86666 |
| Shelving Rock, Loan ID - R1D7612934083 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;12-01-31 | 37683 | &nbsp;&nbsp;&nbsp;&nbsp;33127 |
| Shelving Rock, Loan ID - R1D7612935650 | &nbsp;&nbsp;&nbsp;&nbsp;8.375 | &nbsp;&nbsp;01-01-29 | 89925 | &nbsp;&nbsp;&nbsp;&nbsp;79053 |
| Shelving Rock, Loan ID - R1D7612945691 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;08-01-25 | 77211 | &nbsp;&nbsp;&nbsp;&nbsp;67876 |
| Shelving Rock, Loan ID - R1D7612946632 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;04-01-26 | 98302 | &nbsp;&nbsp;&nbsp;&nbsp;86418 |
| Shelving Rock, Loan ID - R1D7612968586 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-25 | 68283 | &nbsp;&nbsp;&nbsp;&nbsp;60028 |
| Shelving Rock, Loan ID - R1D7612982157 | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;12-01-31 | 18806 | &nbsp;&nbsp;&nbsp;&nbsp;16533 |
| Shelving Rock, Loan ID - R1D7612984567 | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;01-01-32 | 69155 | &nbsp;&nbsp;&nbsp;&nbsp;60794 |

---

21 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Shelving Rock, Loan ID - R1D7612987016 | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;07-01-25 | 73447 | &nbsp;&nbsp;$64567 |
| Shelving Rock, Loan ID - R1D7612987701 | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;01-01-32 | 40648 | &nbsp;&nbsp;&nbsp;&nbsp;35734 |
| Shelving Rock, Loan ID - R1D7612987966 | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;08-01-26 | 55845 | &nbsp;&nbsp;&nbsp;&nbsp;49093 |
| Shelving Rock, Loan ID - R1D7612994574 | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;12-01-31 | 45450 | &nbsp;&nbsp;&nbsp;&nbsp;39955 |
| Shelving Rock, Loan ID - R1D7613006691 | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-01-27 | 60344 | &nbsp;&nbsp;&nbsp;&nbsp;53048 |
| Shelving Rock, Loan ID - R1D7613009166 | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;05-01-25 | 8120 | &nbsp;&nbsp;&nbsp;&nbsp;7138 |
| Shelving Rock, Loan ID - R1D7613024009 | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;01-01-32 | 56617 | &nbsp;&nbsp;&nbsp;&nbsp;49772 |
| Shelving Rock, Loan ID - R1D7613033455 | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;09-01-26 | 42785 | &nbsp;&nbsp;&nbsp;&nbsp;37612 |
| Shelving Rock, Loan ID - R1D7613048636 | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;06-01-30 | 38545 | &nbsp;&nbsp;&nbsp;&nbsp;33885 |
| Shelving Rock, Loan ID - R1D7613050301 | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;04-01-29 | 24088 | &nbsp;&nbsp;&nbsp;&nbsp;21175 |
| Shelving Rock, Loan ID - R1D7613070523 | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;02-01-30 | 71406 | &nbsp;&nbsp;&nbsp;&nbsp;62773 |
| Shelving Rock, Loan ID - R1D7613081298 | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;01-01-28 | 41722 | &nbsp;&nbsp;&nbsp;&nbsp;36678 |
| Shelving Rock, Loan ID - R1D7613115377 | &nbsp;&nbsp;9.125 | &nbsp;&nbsp;03-01-32 | 7192 | &nbsp;&nbsp;&nbsp;&nbsp;6323 |
| Shelving Rock, Loan ID - R1D7613121615 | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;09-01-29 | 174317 | &nbsp;&nbsp;153242 |
| Shelving Rock, Loan ID - R1D7613166206 | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;08-01-25 | 20037 | &nbsp;&nbsp;&nbsp;&nbsp;17614 |
| Shelving Rock, Loan ID - R1D7613170885 | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-01-25 | 55924 | &nbsp;&nbsp;&nbsp;&nbsp;49163 |
| Shelving Rock, Loan ID - R1D7613171974 | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;04-01-37 | 41856 | &nbsp;&nbsp;&nbsp;&nbsp;36795 |
| Shelving Rock, Loan ID - R1D7613181106 | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-01-37 | 10180 | &nbsp;&nbsp;&nbsp;&nbsp;8949 |
| Shelving Rock, Loan ID - R1D7613184407 | &nbsp;&nbsp;8.625 | &nbsp;&nbsp;03-01-35 | 26251 | &nbsp;&nbsp;&nbsp;&nbsp;23078 |
| Shelving Rock, Loan ID - R1D7613190008 | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;05-01-25 | 75422 | &nbsp;&nbsp;&nbsp;&nbsp;66304 |
| Shelving Rock, Loan ID - R1D7613190438 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-27 | 111061 | &nbsp;&nbsp;&nbsp;&nbsp;97634 |
| Shelving Rock, Loan ID - R1D7613192491 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-29 | 45216 | &nbsp;&nbsp;&nbsp;&nbsp;39749 |
| Shelving Rock, Loan ID - R1D7613201664 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-32 | 48719 | &nbsp;&nbsp;&nbsp;&nbsp;42829 |
| Shelving Rock, Loan ID - R1D7613204593 | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;02-01-27 | 113390 | &nbsp;&nbsp;&nbsp;&nbsp;99681 |
| Shelving Rock, Loan ID - R1D7614380152 | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-27 | 125814 | &nbsp;&nbsp;110603 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 22

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust (continued)** | **JH Residential Whole Loan Trust (continued)** |  |  |  |
| Shelving Rock, Loan ID - R1D7616147567 | &nbsp;&nbsp;11.900 | &nbsp;&nbsp;05-01-29 | 65790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$57836 |
| Shelving Rock, Loan ID - R1D7618434583 | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;02-01-30 | 75872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66699 |
| Shelving Rock, Loan ID - R1D7618446017 | &nbsp;&nbsp;&nbsp;&nbsp;9.375 | &nbsp;&nbsp;12-01-31 | 15962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14032 |
| Shelving Rock, Loan ID - R1D7618446488 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-28 | 109434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96203 |
| Shelving Rock, Loan ID - R1D7618452353 | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;03-01-27 | 39475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34702 |
| Shelving Rock, Loan ID - R1D76865188 | &nbsp;&nbsp;11.725 | &nbsp;&nbsp;05-01-25 | 60887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53526 |
| Shelving Rock, Loan ID - R1D772832781 | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-01-28 | 16574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14570 |
| Shelving Rock, Loan ID - R1D789737854 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-01-25 | 165511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145501 |
| Shelving Rock, Loan ID - R1D789786346 | &nbsp;&nbsp;&nbsp;&nbsp;7.750 | &nbsp;&nbsp;01-01-29 | 162467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142825 |
| Shelving Rock, Loan ID - R1D789806906 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-01-32 | 197740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173833 |
| Shelving Rock, Loan ID - R1D789909028 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-25 | 69593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61179 |
| Shelving Rock, Loan ID - R1D789909929 | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;12-01-27 | 57591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50628 |
| Shelving Rock, Loan ID - R1D789914746 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;12-01-27 | 31112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27350 |
| Shelving Rock, Loan ID - R1D789919476 | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;09-01-25 | 83617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73508 |
| Shelving Rock, Loan ID - R1D789919657 | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-01-27 | 233728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205470 |
| Shelving Rock, Loan ID - R1D789931830 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-32 | 64929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57079 |
| Shelving Rock, Loan ID - R1D789987287 | &nbsp;&nbsp;&nbsp;&nbsp;8.125 | &nbsp;&nbsp;03-01-37 | 35398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31118 |
| Shelving Rock, Loan ID - R1D789996254 | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-01-29 | 66265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58253 |
| Shelving Rock, Loan ID - R1D789997444 | &nbsp;&nbsp;10.325 | &nbsp;&nbsp;09-01-26 | 51115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44935 |
| **JH Residential Whole Loan Trust II (E)(F) 3.8%** | **JH Residential Whole Loan Trust II (E)(F) 3.8%** |  |  | **8520207** |
| Achieve, Loan ID - R21032974202 | &nbsp;&nbsp;15.250 | &nbsp;&nbsp;10-01-33 | 39517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40785 |
| Achieve, Loan ID - R21032974325 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;10-01-33 | 113605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117251 |
| Achieve, Loan ID - R21034888477 | &nbsp;&nbsp;14.250 | &nbsp;&nbsp;05-01-34 | 108401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111881 |
| Achieve, Loan ID - R21034913863 | &nbsp;&nbsp;13.750 | &nbsp;&nbsp;05-01-34 | 65295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67390 |
| Achieve, Loan ID - R2693294704 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;04-01-35 | 32400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33100 |
| Achieve, Loan ID - R2693294712 | &nbsp;&nbsp;12.375 | &nbsp;&nbsp;04-01-35 | 54200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55371 |
| Achieve, Loan ID - R2693294886 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;04-01-40 | 60700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62011 |
| Achieve, Loan ID - R2693294993 | &nbsp;&nbsp;13.500 | &nbsp;&nbsp;04-01-40 | 99850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102107 |
| Achieve, Loan ID - R2693295008 | &nbsp;&nbsp;11.375 | &nbsp;&nbsp;04-01-35 | 44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44950 |

---

23 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust II (continued)** | **JH Residential Whole Loan Trust II (continued)** |  |  |  |
| Achieve, Loan ID - R2693295099 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;04-01-55 | 146500 | &nbsp;&nbsp;$149664 |
| Achieve, Loan ID - R2693295305 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;04-01-40 | 31300 | &nbsp;&nbsp;&nbsp;&nbsp;31976 |
| Achieve, Loan ID - R2693295529 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;04-01-35 | 53550 | &nbsp;&nbsp;&nbsp;&nbsp;54707 |
| Achieve, Loan ID - R2693295545 | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;04-01-35 | 32000 | &nbsp;&nbsp;&nbsp;&nbsp;32691 |
| Achieve, Loan ID - R2693295552 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;04-01-35 | 39600 | &nbsp;&nbsp;&nbsp;&nbsp;40455 |
| Achieve, Loan ID - R2693295560 | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;04-01-55 | 173500 | &nbsp;&nbsp;&nbsp;&nbsp;177248 |
| Achieve, Loan ID - R2693306110 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;04-01-35 | 66000 | &nbsp;&nbsp;&nbsp;&nbsp;67426 |
| Achieve, Loan ID - R2693306128 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;04-01-35 | 132000 | &nbsp;&nbsp;&nbsp;&nbsp;134851 |
| Achieve, Loan ID - R2693306326 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;04-01-40 | 58600 | &nbsp;&nbsp;&nbsp;&nbsp;59866 |
| Achieve, Loan ID - R2693306367 | &nbsp;&nbsp;13.250 | &nbsp;&nbsp;04-01-55 | 77600 | &nbsp;&nbsp;&nbsp;&nbsp;79276 |
| Achieve, Loan ID - R2693306466 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;04-01-35 | 16000 | &nbsp;&nbsp;&nbsp;&nbsp;16346 |
| Achieve, Loan ID - R2693355844 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;04-01-35 | 32800 | &nbsp;&nbsp;&nbsp;&nbsp;33508 |
| Achieve, Loan ID - R2693355919 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;04-01-45 | 141750 | &nbsp;&nbsp;&nbsp;&nbsp;144812 |
| Achieve, Loan ID - R2693356073 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;04-01-55 | 45000 | &nbsp;&nbsp;&nbsp;&nbsp;45972 |
| Achieve, Loan ID - R2693356149 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;04-01-40 | 51100 | &nbsp;&nbsp;&nbsp;&nbsp;52204 |
| Achieve, Loan ID - R2693356297 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;04-01-55 | 43300 | &nbsp;&nbsp;&nbsp;&nbsp;44235 |
| Achieve, Loan ID - R2693356321 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;04-01-55 | 65800 | &nbsp;&nbsp;&nbsp;&nbsp;67221 |
| Achieve, Loan ID - R2693356396 | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;04-01-55 | 73400 | &nbsp;&nbsp;&nbsp;&nbsp;74985 |
| Achieve, Loan ID - R2693356602 | &nbsp;&nbsp;12.125 | &nbsp;&nbsp;04-01-55 | 86750 | &nbsp;&nbsp;&nbsp;&nbsp;88624 |
| Achieve, Loan ID - R2693356610 | &nbsp;&nbsp;&nbsp;&nbsp;9.350 | &nbsp;&nbsp;04-01-55 | 100200 | &nbsp;&nbsp;&nbsp;&nbsp;102364 |
| Achieve, Loan ID - R2693356669 | &nbsp;&nbsp;&nbsp;&nbsp;9.375 | &nbsp;&nbsp;04-01-35 | 15600 | &nbsp;&nbsp;&nbsp;&nbsp;15937 |
| Achieve, Loan ID - R2693356727 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;04-01-35 | 49000 | &nbsp;&nbsp;&nbsp;&nbsp;50058 |
| Achieve, Loan ID - R2693405797 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;04-01-35 | 50200 | &nbsp;&nbsp;&nbsp;&nbsp;51284 |
| Achieve, Loan ID - R2693406118 | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;04-01-35 | 53150 | &nbsp;&nbsp;&nbsp;&nbsp;54298 |
| Achieve, Loan ID - R2693406126 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;04-01-55 | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;194104 |
| Achieve, Loan ID - R2693406217 | &nbsp;&nbsp;12.125 | &nbsp;&nbsp;04-01-55 | 101300 | &nbsp;&nbsp;&nbsp;&nbsp;103488 |
| Achieve, Loan ID - R2693406324 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;04-01-35 | 27800 | &nbsp;&nbsp;&nbsp;&nbsp;28400 |
| Achieve, Loan ID - R2693406407 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;04-01-55 | 62850 | &nbsp;&nbsp;&nbsp;&nbsp;64208 |
| Achieve, Loan ID - R2693475600 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;04-01-35 | 30500 | &nbsp;&nbsp;&nbsp;&nbsp;31189 |
| Achieve, Loan ID - R2693475923 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;04-01-40 | 41800 | &nbsp;&nbsp;&nbsp;&nbsp;42745 |
| Achieve, Loan ID - R2693475980 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-40 | 113500 | &nbsp;&nbsp;&nbsp;&nbsp;115833 |
| Achieve, Loan ID - R2693475998 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;05-01-40 | 58200 | &nbsp;&nbsp;&nbsp;&nbsp;59389 |
| Achieve, Loan ID - R2693476095 | &nbsp;&nbsp;12.500 | &nbsp;&nbsp;04-01-35 | 184950 | &nbsp;&nbsp;&nbsp;&nbsp;188945 |
| Achieve, Loan ID - R2693476111 | &nbsp;&nbsp;11.375 | &nbsp;&nbsp;04-01-35 | 50500 | &nbsp;&nbsp;&nbsp;&nbsp;51591 |
| Achieve, Loan ID - R2693476145 | &nbsp;&nbsp;&nbsp;&nbsp;7.740 | &nbsp;&nbsp;04-01-40 | 36100 | &nbsp;&nbsp;&nbsp;&nbsp;36880 |
| Achieve, Loan ID - R2693476152 | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;04-01-55 | 75050 | &nbsp;&nbsp;&nbsp;&nbsp;76671 |
| Achieve, Loan ID - R2693476228 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;04-01-40 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;153390 |
| Achieve, Loan ID - R2693476301 | &nbsp;&nbsp;13.250 | &nbsp;&nbsp;04-01-35 | 54450 | &nbsp;&nbsp;&nbsp;&nbsp;55681 |
| Achieve, Loan ID - R2693476327 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;04-01-35 | 31200 | &nbsp;&nbsp;&nbsp;&nbsp;31905 |
| Achieve, Loan ID - R2693476335 | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;04-01-35 | 89000 | &nbsp;&nbsp;&nbsp;&nbsp;90922 |
| Achieve, Loan ID - R2693476467 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;04-01-35 | 53950 | &nbsp;&nbsp;&nbsp;&nbsp;55169 |
| Achieve, Loan ID - R2693476590 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-01-35 | 36250 | &nbsp;&nbsp;&nbsp;&nbsp;37006 |
| Achieve, Loan ID - R2693476673 | &nbsp;&nbsp;12.500 | &nbsp;&nbsp;04-01-40 | 48850 | &nbsp;&nbsp;&nbsp;&nbsp;49954 |
| Achieve, Loan ID - R2693476749 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;04-01-40 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;122712 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 24

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust II (continued)** | **JH Residential Whole Loan Trust II (continued)** |  |  |  |
| Achieve, Loan ID - R2693476806 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;04-01-35 | 50250 | &nbsp;&nbsp;$51386 |
| Achieve, Loan ID - R2693476871 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;04-01-40 | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;76695 |
| Achieve, Loan ID - R2693476897 | &nbsp;&nbsp;14.250 | &nbsp;&nbsp;04-01-40 | 73400 | &nbsp;&nbsp;&nbsp;&nbsp;75059 |
| Achieve, Loan ID - R2693476962 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;04-01-35 | 65300 | &nbsp;&nbsp;&nbsp;&nbsp;66710 |
| Achieve, Loan ID - R2693476988 | &nbsp;&nbsp;14.000 | &nbsp;&nbsp;05-01-40 | 49000 | &nbsp;&nbsp;&nbsp;&nbsp;49995 |
| Achieve, Loan ID - R2693477010 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;04-01-40 | 62800 | &nbsp;&nbsp;&nbsp;&nbsp;64156 |
| Achieve, Loan ID - R2693496028 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-35 | 54400 | &nbsp;&nbsp;&nbsp;&nbsp;55525 |
| Achieve, Loan ID - R2693496150 | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;05-01-45 | 64900 | &nbsp;&nbsp;&nbsp;&nbsp;66192 |
| Achieve, Loan ID - R2693496168 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;05-01-35 | 73950 | &nbsp;&nbsp;&nbsp;&nbsp;75473 |
| Achieve, Loan ID - R2693496192 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;05-01-55 | 143450 | &nbsp;&nbsp;146307 |
| Achieve, Loan ID - R2693496226 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-35 | 150000 | &nbsp;&nbsp;153102 |
| Achieve, Loan ID - R2693496234 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;05-01-40 | 43000 | &nbsp;&nbsp;&nbsp;&nbsp;43845 |
| Achieve, Loan ID - R2693496366 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-35 | 41050 | &nbsp;&nbsp;&nbsp;&nbsp;41894 |
| Achieve, Loan ID - R2693496374 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;05-01-55 | 154200 | &nbsp;&nbsp;157230 |
| Achieve, Loan ID - R2693496457 | &nbsp;&nbsp;13.750 | &nbsp;&nbsp;05-01-40 | 49050 | &nbsp;&nbsp;&nbsp;&nbsp;50046 |
| Achieve, Loan ID - R2693496507 | &nbsp;&nbsp;14.250 | &nbsp;&nbsp;05-01-40 | 50600 | &nbsp;&nbsp;&nbsp;&nbsp;51625 |
| Achieve, Loan ID - R2693496523 | &nbsp;&nbsp;11.750 | &nbsp;&nbsp;05-01-40 | 77600 | &nbsp;&nbsp;&nbsp;&nbsp;79204 |
| Achieve, Loan ID - R2693531733 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-01-35 | 33700 | &nbsp;&nbsp;&nbsp;&nbsp;34403 |
| Achieve, Loan ID - R2693531782 | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;05-01-55 | 67700 | &nbsp;&nbsp;&nbsp;&nbsp;69028 |
| Achieve, Loan ID - R2693531816 | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;05-01-40 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;51040 |
| Achieve, Loan ID - R2693531824 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-35 | 83800 | &nbsp;&nbsp;&nbsp;&nbsp;85533 |
| Achieve, Loan ID - R2693531873 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-01-35 | 36500 | &nbsp;&nbsp;&nbsp;&nbsp;37261 |
| Achieve, Loan ID - R2693531956 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;05-01-35 | 143700 | &nbsp;&nbsp;146708 |
| Achieve, Loan ID - R2693532046 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;05-01-55 | 75550 | &nbsp;&nbsp;&nbsp;&nbsp;77062 |
| Achieve, Loan ID - R2693532079 | &nbsp;&nbsp;11.375 | &nbsp;&nbsp;05-01-55 | 63400 | &nbsp;&nbsp;&nbsp;&nbsp;64649 |
| Achieve, Loan ID - R2693532152 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;05-01-35 | 47000 | &nbsp;&nbsp;&nbsp;&nbsp;47960 |
| Achieve, Loan ID - R2693532186 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;05-01-35 | 23300 | &nbsp;&nbsp;&nbsp;&nbsp;23784 |
| Achieve, Loan ID - R2693532244 | &nbsp;&nbsp;12.750 | &nbsp;&nbsp;05-01-35 | 94100 | &nbsp;&nbsp;&nbsp;&nbsp;96027 |
| Achieve, Loan ID - R2693532285 | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;05-01-40 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;81665 |
| Achieve, Loan ID - R2693532343 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;05-01-35 | 125100 | &nbsp;&nbsp;127714 |
| Achieve, Loan ID - R2693532368 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;05-01-35 | 61800 | &nbsp;&nbsp;&nbsp;&nbsp;63023 |
| Achieve, Loan ID - R2693532376 | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;05-01-40 | 114000 | &nbsp;&nbsp;116394 |
| Achieve, Loan ID - R2693532400 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-01-35 | 73850 | &nbsp;&nbsp;&nbsp;&nbsp;75390 |
| Achieve, Loan ID - R2693532459 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-40 | 77700 | &nbsp;&nbsp;&nbsp;&nbsp;79297 |
| Achieve, Loan ID - R2693532467 | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;05-01-35 | 31000 | &nbsp;&nbsp;&nbsp;&nbsp;31619 |
| Achieve, Loan ID - R2693532475 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;05-01-40 | 114200 | &nbsp;&nbsp;116472 |
| Achieve, Loan ID - R2693532533 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;05-01-35 | 59500 | &nbsp;&nbsp;&nbsp;&nbsp;60736 |
| Achieve, Loan ID - R2693532566 | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;05-01-40 | 100000 | &nbsp;&nbsp;102073 |
| Achieve, Loan ID - R2693532574 | &nbsp;&nbsp;12.125 | &nbsp;&nbsp;05-01-55 | 88400 | &nbsp;&nbsp;&nbsp;&nbsp;90131 |
| Achieve, Loan ID - R2693532624 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-40 | 52150 | &nbsp;&nbsp;&nbsp;&nbsp;53222 |
| Achieve, Loan ID - R2693532632 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;05-01-35 | 29000 | &nbsp;&nbsp;&nbsp;&nbsp;29593 |
| Achieve, Loan ID - R2693532681 | &nbsp;&nbsp;13.250 | &nbsp;&nbsp;05-01-40 | 53500 | &nbsp;&nbsp;&nbsp;&nbsp;54591 |
| Achieve, Loan ID - R2693532723 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-35 | 95500 | &nbsp;&nbsp;&nbsp;&nbsp;97475 |
| Achieve, Loan ID - R2693532756 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;05-01-35 | 34700 | &nbsp;&nbsp;&nbsp;&nbsp;35426 |

---

25 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Residential Whole Loan Trust II (continued)** | **JH Residential Whole Loan Trust II (continued)** |  |  |  |
| Achieve, Loan ID - R2693550147 | &nbsp;&nbsp;13.000 | &nbsp;&nbsp;05-01-40 | 61000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$62246 |
| Achieve, Loan ID - R2693550154 | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;05-01-35 | 126350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128984 |
| Achieve, Loan ID - R2693550188 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-40 | 50950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52004 |
| Achieve, Loan ID - R2693550204 | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;05-01-35 | 51500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52562 |
| Achieve, Loan ID - R2693550212 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;05-01-55 | 66350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67656 |
| Achieve, Loan ID - R2693550220 | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;05-01-40 | 127450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129991 |
| Achieve, Loan ID - R2693550378 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;05-01-45 | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126457 |
| Achieve, Loan ID - R2693550386 | &nbsp;&nbsp;11.500 | &nbsp;&nbsp;05-01-40 | 46300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47259 |
| Achieve, Loan ID - R2693550501 | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;05-01-35 | 45700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46655 |
| Achieve, Loan ID - R2693550600 | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;05-01-35 | 83200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84846 |
| Achieve, Loan ID - R2693550618 | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;05-01-35 | 33500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34162 |
| Achieve, Loan ID - R2693569188 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;05-01-55 | 71300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72702 |
| Achieve, Loan ID - R2693569246 | &nbsp;&nbsp;12.250 | &nbsp;&nbsp;05-01-35 | 32150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32779 |
| Achieve, Loan ID - R2693569543 | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;05-01-40 | 32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33151 |
| Achieve, Loan ID - R2693569675 | &nbsp;&nbsp;10.375 | &nbsp;&nbsp;05-01-55 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305963 |
| Achieve, Loan ID - R2693569857 | &nbsp;&nbsp;11.375 | &nbsp;&nbsp;05-01-55 | 37700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38443 |
| Achieve, Loan ID - R2693570012 | &nbsp;&nbsp;11.625 | &nbsp;&nbsp;05-01-55 | 55500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56591 |
| **Residential whole loans 4.4%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9928412** |
| ACHM Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-HE2, Class D PO (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-38 | &nbsp;&nbsp;&nbsp;&nbsp;567739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-HE2, Class XS IO (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-38 | &nbsp;&nbsp;&nbsp;&nbsp;5373663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HE1, Class D PO (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-39 | &nbsp;&nbsp;&nbsp;&nbsp;652321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HE1, Class XS IO (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-39 | &nbsp;&nbsp;&nbsp;&nbsp;9318869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941206 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HE2, Class D PO (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-39 | &nbsp;&nbsp;&nbsp;&nbsp;635660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HE2, Class XS IO (A)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-39 | &nbsp;&nbsp;&nbsp;&nbsp;9081034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1296575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-HE1, Class D PO (A)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;1515204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-HE1, Class XS IO (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;21645780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2139512 |
| FIGRE Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HE5, Class CE PO (A)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-54 | &nbsp;&nbsp;&nbsp;&nbsp;444613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576917 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-SL1, Class A1 (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-53 | &nbsp;&nbsp;&nbsp;&nbsp;860667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867498 |
| JP Morgan Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-CES1, Class M1 (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2005555 |
| **Term loans (K) 12.9%** |  |  |  | &nbsp;&nbsp;**$28830034** |
| (Cost $28,707,892) |  |  |  |  |
| **Commercial real estate lending 12.9%** | **Commercial real estate lending 12.9%** | **Commercial real estate lending 12.9%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**28830034** |
| Clairemont Drive LLC, Term Loan (1 month CME Term SOFR + 7.000%) (F) | &nbsp;&nbsp;11.623 | &nbsp;&nbsp;03-11-26 | 4279419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4200677 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 26

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial real estate lending (continued)** | **Commercial real estate lending (continued)** | **Commercial real estate lending (continued)** |  |  |  |
| Genprov Holdco LLC, Term Loan (1 month CME Term SOFR + 4.900%) (F) | &nbsp;&nbsp;&nbsp;&nbsp;9.775 | &nbsp;&nbsp;08-11-26 |  | 4914630 | &nbsp;&nbsp;&nbsp;&nbsp;$4930848 |
| MCR Newark Airport LLC, Term Loan (1 month CME Term SOFR + 6.250%) (F) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;04-11-27 |  | 4582624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4601871 |
| Stevens Creek Boulevard, Term Loan (1 month CME Term SOFR + 5.800%) (F) | &nbsp;&nbsp;10.623 | &nbsp;&nbsp;07-11-26 |  | 4681439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4679098 |
| Verena at Gilbert, Delayed Draw Term Loan (1 month CME Term SOFR + 5.000%) (F) | &nbsp;&nbsp;&nbsp;&nbsp;9.623 | &nbsp;&nbsp;01-11-27 |  | 4697266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4685992 |
| Verena at Hillard, Term Loan (1 month CME Term SOFR + 5.350%) (F) | &nbsp;&nbsp;&nbsp;&nbsp;9.973 | &nbsp;&nbsp;04-11-27 |  | 5724107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5731548 |
| **Profit participating notes 10.6%** |  |  |  |  | &nbsp;&nbsp;**$23699431** |
| (Cost $21,221,247) |  |  |  |  |  |
| **Corporate asset-based credit 0.7%** | **Corporate asset-based credit 0.7%** | **Corporate asset-based credit 0.7%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1563296** |
| Tilapia Finance Profit Participating Notes (3 month EURIBOR + 6.900%) (C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;9.086 | &nbsp;&nbsp;12-12-33 | &nbsp;&nbsp;EUR | 1376800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1563296 |
| **Transportation assets 9.9%** | **Transportation assets 9.9%** | **Transportation assets 9.9%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**22136135** |
| JH Aircraft Leasing 4535 (Ireland) Designated Activity Company (F)(L)(M) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;04-26-44 |  | 20897863 | &nbsp;&nbsp;&nbsp;&nbsp;22136135 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Special purpose vehicles 9.9%** |  | &nbsp;&nbsp;**$22234945** |
| (Cost $20,559,732) |  |  |
| **Industrials 6.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**13688210** |
| JH Liftco LLC (F)(M)(N) | 6845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6318245 |
| JH Finance LeaseCo LLC (F)(M)(N) | 7332249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7369965 |
| **Real estate 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30000** |
| JH REO Trust (F)(M)(N) | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 |
| **Transportation assets 3.8%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8516735** |
| MSN 803 Trust (F)(M)(N) | 7882217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8516735 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Consumer-related assets 9.6%** |  |  |  | &nbsp;&nbsp;**$21555836** |
| (Cost $22,612,156) |  |  |  |  |
| **Consumer loans 9.6%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**21555836** |
| ACHV ABS Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3PL, Class R (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-19-30 | &nbsp;&nbsp;&nbsp;&nbsp;2637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287808 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1PL, Class E (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-26-32 | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966517 |

---

27 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Consumer loans (continued)** |  |  |  |  |
| Avant Loans Funding Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-REV1, Class E (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-31 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3033531 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-REV1, Class D (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2951153 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-REV1, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-33 | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1735034 |
| Best Egg Asset Structured Pass Through Master Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A, Class CERT (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;3003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-C, Class CERT (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;3003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-B, Class CERT (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;3003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-D, Class CERT (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;3003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628819 |
| Credit Suisse ABS Repackaging Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-A, Class R1 (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-43 | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1975143 |
| Freedom Financial ABS Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-3FP, Class CERT (A)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-29 | &nbsp;&nbsp;&nbsp;&nbsp;23900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2407961 |
| Mosaic Solar Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2GS, Class R IO (A)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-22-44 | &nbsp;&nbsp;&nbsp;&nbsp;19131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3004562 |
| Santander Drive Auto Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-S1, Class CERT (A)(F)(J) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-18-28 | &nbsp;&nbsp;&nbsp;&nbsp;11500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3047767 |
| **Consumer loans 3.0%** |  |  |  | &nbsp;&nbsp;**$6657410** |
| (Cost $6,863,339) |  |  |  |  |
| **JH Consumer Loan Trust (E)(F) 3.0%** | **JH Consumer Loan Trust (E)(F) 3.0%** |  |  | &nbsp;&nbsp;**6657410** |
| Achieve, Loan ID - C18648251 | &nbsp;&nbsp;20.990 | &nbsp;&nbsp;12-14-26 | 15723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15411 |
| Achieve, Loan ID - C22902472 | &nbsp;&nbsp;16.740 | &nbsp;&nbsp;12-10-26 | 21930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21493 |
| Achieve, Loan ID - C23253984 | &nbsp;&nbsp;14.990 | &nbsp;&nbsp;01-15-26 | 10289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10084 |
| Achieve, Loan ID - C23300084 | &nbsp;&nbsp;16.490 | &nbsp;&nbsp;01-25-27 | 11223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11000 |
| Achieve, Loan ID - C23301086 | &nbsp;&nbsp;21.740 | &nbsp;&nbsp;02-13-28 | 17405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17058 |
| Achieve, Loan ID - C23500788 | &nbsp;&nbsp;&nbsp;&nbsp;8.490 | &nbsp;&nbsp;01-15-28 | 8238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8074 |
| Achieve, Loan ID - C23511393 | &nbsp;&nbsp;25.490 | &nbsp;&nbsp;01-20-26 | 1813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1777 |
| Achieve, Loan ID - C23885575 | &nbsp;&nbsp;13.740 | &nbsp;&nbsp;01-24-27 | 12767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12513 |
| Achieve, Loan ID - C23902626 | &nbsp;&nbsp;23.990 | &nbsp;&nbsp;01-23-28 | 17711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17358 |
| Achieve, Loan ID - C23957226 | &nbsp;&nbsp;22.240 | &nbsp;&nbsp;12-11-25 | 13931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13654 |
| Achieve, Loan ID - C23964782 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;12-10-27 | 31592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30964 |
| Achieve, Loan ID - C23966505 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;02-25-28 | 15904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15588 |
| Achieve, Loan ID - C23985013 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;02-28-28 | 8459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8291 |
| Achieve, Loan ID - C23988868 | &nbsp;&nbsp;21.740 | &nbsp;&nbsp;12-10-27 | 15603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15292 |
| Achieve, Loan ID - C23992646 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;01-15-28 | 8558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8388 |
| Achieve, Loan ID - C23992707 | &nbsp;&nbsp;21.990 | &nbsp;&nbsp;12-04-27 | 33440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32774 |
| Achieve, Loan ID - C23993537 | &nbsp;&nbsp;22.990 | &nbsp;&nbsp;12-16-26 | 21224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20802 |
| Achieve, Loan ID - C24002565 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;12-10-27 | 7419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7271 |
| Achieve, Loan ID - C24003540 | &nbsp;&nbsp;23.990 | &nbsp;&nbsp;01-25-26 | 5404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5296 |
| Achieve, Loan ID - C24016122 | &nbsp;&nbsp;24.490 | &nbsp;&nbsp;01-23-26 | 7697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7544 |
| Achieve, Loan ID - C24095448 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;02-25-28 | 15101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14801 |
| Achieve, Loan ID - C24100561 | &nbsp;&nbsp;26.740 | &nbsp;&nbsp;12-14-27 | 11085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10865 |
| Achieve, Loan ID - C24111885 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;02-25-28 | 12110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11869 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 28

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Achieve, Loan ID - C24117426 | &nbsp;&nbsp;25.490 | &nbsp;&nbsp;01-26-26 | 8728 | &nbsp;&nbsp;$8554 |
| Achieve, Loan ID - C24118254 | &nbsp;&nbsp;16.240 | &nbsp;&nbsp;01-25-28 | 32738 | &nbsp;&nbsp;32087 |
| Achieve, Loan ID - C24119783 | &nbsp;&nbsp;26.740 | &nbsp;&nbsp;01-20-28 | 12773 | &nbsp;&nbsp;12519 |
| Achieve, Loan ID - C24160824 | &nbsp;&nbsp;21.490 | &nbsp;&nbsp;01-26-28 | 10334 | &nbsp;&nbsp;10129 |
| Achieve, Loan ID - C24166360 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;02-27-28 | 6471 | &nbsp;&nbsp;&nbsp;&nbsp;6342 |
| Achieve, Loan ID - C24173305 | &nbsp;&nbsp;21.490 | &nbsp;&nbsp;01-15-27 | 5810 | &nbsp;&nbsp;&nbsp;&nbsp;5694 |
| Achieve, Loan ID - C24178392 | &nbsp;&nbsp;14.240 | &nbsp;&nbsp;01-26-28 | 18002 | &nbsp;&nbsp;17644 |
| Achieve, Loan ID - C24219111 | &nbsp;&nbsp;13.740 | &nbsp;&nbsp;12-14-26 | 25522 | &nbsp;&nbsp;25014 |
| Achieve, Loan ID - C24223658 | &nbsp;&nbsp;&nbsp;&nbsp;8.740 | &nbsp;&nbsp;12-14-25 | 10979 | &nbsp;&nbsp;10760 |
| Achieve, Loan ID - C24228404 | &nbsp;&nbsp;19.740 | &nbsp;&nbsp;01-27-27 | 17105 | &nbsp;&nbsp;16764 |
| Achieve, Loan ID - C24234040 | &nbsp;&nbsp;15.490 | &nbsp;&nbsp;01-27-28 | 13662 | &nbsp;&nbsp;13391 |
| Achieve, Loan ID - C24250851 | &nbsp;&nbsp;&nbsp;&nbsp;9.240 | &nbsp;&nbsp;01-20-26 | 7082 | &nbsp;&nbsp;&nbsp;&nbsp;6941 |
| Achieve, Loan ID - C24253181 | &nbsp;&nbsp;24.990 | &nbsp;&nbsp;12-15-25 | 893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876 |
| Achieve, Loan ID - C24253285 | &nbsp;&nbsp;15.490 | &nbsp;&nbsp;01-27-27 | 23401 | &nbsp;&nbsp;22936 |
| Achieve, Loan ID - C24281913 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;02-29-28 | 28095 | &nbsp;&nbsp;27536 |
| Achieve, Loan ID - C24284884 | &nbsp;&nbsp;26.240 | &nbsp;&nbsp;01-20-28 | 10606 | &nbsp;&nbsp;10395 |
| Achieve, Loan ID - C24305742 | &nbsp;&nbsp;25.240 | &nbsp;&nbsp;12-16-26 | 16072 | &nbsp;&nbsp;15752 |
| Achieve, Loan ID - C24322154 | &nbsp;&nbsp;25.490 | &nbsp;&nbsp;12-16-25 | 3346 | &nbsp;&nbsp;&nbsp;&nbsp;3279 |
| Achieve, Loan ID - C24328234 | &nbsp;&nbsp;24.240 | &nbsp;&nbsp;01-29-28 | 28842 | &nbsp;&nbsp;28268 |
| Achieve, Loan ID - C24332351 | &nbsp;&nbsp;26.490 | &nbsp;&nbsp;01-29-27 | 37816 | &nbsp;&nbsp;37064 |
| Achieve, Loan ID - C24337568 | &nbsp;&nbsp;17.990 | &nbsp;&nbsp;01-30-26 | 5303 | &nbsp;&nbsp;&nbsp;&nbsp;5197 |
| Achieve, Loan ID - C24361791 | &nbsp;&nbsp;25.740 | &nbsp;&nbsp;02-29-28 | 28652 | &nbsp;&nbsp;28082 |
| Achieve, Loan ID - C24702290 | &nbsp;&nbsp;25.490 | &nbsp;&nbsp;12-24-27 | 6273 | &nbsp;&nbsp;&nbsp;&nbsp;6148 |
| Achieve, Loan ID - C24708215 | &nbsp;&nbsp;17.740 | &nbsp;&nbsp;02-03-27 | 11705 | &nbsp;&nbsp;11472 |
| Achieve, Loan ID - C24737748 (H) | &nbsp;&nbsp;16.240 | &nbsp;&nbsp;12-28-26 | 15427 | &nbsp;&nbsp;15120 |
| Achieve, Loan ID - C24770901 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;12-25-26 | 13483 | &nbsp;&nbsp;13215 |
| Achieve, Loan ID - C24783767 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;03-09-28 | 9589 | &nbsp;&nbsp;&nbsp;&nbsp;9398 |
| Achieve, Loan ID - C24785164 | &nbsp;&nbsp;20.740 | &nbsp;&nbsp;12-25-27 | 12007 | &nbsp;&nbsp;11768 |
| Achieve, Loan ID - C24786979 (H) | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;03-09-28 | 24769 | &nbsp;&nbsp;24277 |
| Achieve, Loan ID - C24808124 | &nbsp;&nbsp;23.490 | &nbsp;&nbsp;02-13-28 | 17241 | &nbsp;&nbsp;16898 |
| Achieve, Loan ID - C24808507 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;02-02-26 | 10482 | &nbsp;&nbsp;10273 |
| Achieve, Loan ID - C24814257 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;03-10-28 | 2962 | &nbsp;&nbsp;&nbsp;&nbsp;2903 |
| Achieve, Loan ID - C24838632 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;03-11-28 | 13761 | &nbsp;&nbsp;13487 |
| Achieve, Loan ID - C24842245 | &nbsp;&nbsp;&nbsp;&nbsp;9.240 | &nbsp;&nbsp;12-26-27 | 7822 | &nbsp;&nbsp;&nbsp;&nbsp;7666 |
| Achieve, Loan ID - C24891649 | &nbsp;&nbsp;23.490 | &nbsp;&nbsp;02-01-27 | 30609 | &nbsp;&nbsp;29999 |
| Achieve, Loan ID - C24929161 | &nbsp;&nbsp;25.740 | &nbsp;&nbsp;03-12-28 | 14728 | &nbsp;&nbsp;14435 |
| Achieve, Loan ID - C24931645 | &nbsp;&nbsp;21.240 | &nbsp;&nbsp;12-30-27 | 4880 | &nbsp;&nbsp;&nbsp;&nbsp;4783 |
| Achieve, Loan ID - C24941009 | &nbsp;&nbsp;20.240 | &nbsp;&nbsp;02-13-27 | 7488 | &nbsp;&nbsp;&nbsp;&nbsp;7339 |
| Achieve, Loan ID - C24941466 | &nbsp;&nbsp;26.490 | &nbsp;&nbsp;12-30-26 | 3164 | &nbsp;&nbsp;&nbsp;&nbsp;3101 |
| Achieve, Loan ID - C31322342 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-14-28 | 9192 | &nbsp;&nbsp;&nbsp;&nbsp;9009 |
| Achieve, Loan ID - C31323216 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;04-30-25 | 1134 | &nbsp;&nbsp;&nbsp;&nbsp;1111 |
| Achieve, Loan ID - C31335950 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;06-27-25 | 1083 | &nbsp;&nbsp;&nbsp;&nbsp;1061 |
| Achieve, Loan ID - C31336469 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;06-19-27 | 15175 | &nbsp;&nbsp;14873 |
| Achieve, Loan ID - C31339468 | &nbsp;&nbsp;15.740 | &nbsp;&nbsp;05-01-27 | 9684 | &nbsp;&nbsp;&nbsp;&nbsp;9492 |

---

29 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Achieve, Loan ID - C31346016 (H) | &nbsp;&nbsp;18.740 | &nbsp;&nbsp;06-28-27 | 11467 | &nbsp;&nbsp;$11238 |
| Achieve, Loan ID - C31355554 | &nbsp;&nbsp;24.740 | &nbsp;&nbsp;06-16-28 | 8499 | &nbsp;&nbsp;&nbsp;&nbsp;8330 |
| Achieve, Loan ID - C31358659 | &nbsp;&nbsp;20.740 | &nbsp;&nbsp;06-12-28 | 7859 | &nbsp;&nbsp;&nbsp;&nbsp;7702 |
| Achieve, Loan ID - C31359319 | &nbsp;&nbsp;21.740 | &nbsp;&nbsp;06-12-28 | 7909 | &nbsp;&nbsp;&nbsp;&nbsp;7752 |
| Achieve, Loan ID - C31361837 | &nbsp;&nbsp;16.240 | &nbsp;&nbsp;06-21-27 | 14352 | &nbsp;&nbsp;&nbsp;&nbsp;14067 |
| Achieve, Loan ID - C31363408 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-15-28 | 24787 | &nbsp;&nbsp;&nbsp;&nbsp;24294 |
| Achieve, Loan ID - C31368567 | &nbsp;&nbsp;16.990 | &nbsp;&nbsp;06-20-28 | 36494 | &nbsp;&nbsp;&nbsp;&nbsp;35768 |
| Achieve, Loan ID - C31369376 | &nbsp;&nbsp;19.240 | &nbsp;&nbsp;06-13-28 | 4696 | &nbsp;&nbsp;&nbsp;&nbsp;4602 |
| Achieve, Loan ID - C31370479 | &nbsp;&nbsp;16.490 | &nbsp;&nbsp;06-22-26 | 20364 | &nbsp;&nbsp;&nbsp;&nbsp;19959 |
| Achieve, Loan ID - C31371254 | &nbsp;&nbsp;21.740 | &nbsp;&nbsp;06-16-28 | 11254 | &nbsp;&nbsp;&nbsp;&nbsp;11030 |
| Achieve, Loan ID - C31375823 | &nbsp;&nbsp;24.240 | &nbsp;&nbsp;06-18-27 | 11885 | &nbsp;&nbsp;&nbsp;&nbsp;11649 |
| Achieve, Loan ID - C31376581 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;06-23-28 | 9112 | &nbsp;&nbsp;&nbsp;&nbsp;8931 |
| Achieve, Loan ID - C31384566 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;07-26-28 | 19292 | &nbsp;&nbsp;&nbsp;&nbsp;18908 |
| Achieve, Loan ID - C31386911 | &nbsp;&nbsp;21.990 | &nbsp;&nbsp;06-16-28 | 27854 | &nbsp;&nbsp;&nbsp;&nbsp;27299 |
| Achieve, Loan ID - C31388466 | &nbsp;&nbsp;20.490 | &nbsp;&nbsp;06-13-28 | 11135 | &nbsp;&nbsp;&nbsp;&nbsp;10913 |
| Achieve, Loan ID - C31388907 | &nbsp;&nbsp;20.740 | &nbsp;&nbsp;06-16-27 | 24062 | &nbsp;&nbsp;&nbsp;&nbsp;23583 |
| Achieve, Loan ID - C31389230 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-16-28 | 3161 | &nbsp;&nbsp;&nbsp;&nbsp;3098 |
| Achieve, Loan ID - C31389516 | &nbsp;&nbsp;20.740 | &nbsp;&nbsp;06-13-28 | 22920 | &nbsp;&nbsp;&nbsp;&nbsp;22464 |
| Achieve, Loan ID - C31389544 | &nbsp;&nbsp;18.240 | &nbsp;&nbsp;06-15-26 | 23179 | &nbsp;&nbsp;&nbsp;&nbsp;22718 |
| Achieve, Loan ID - C31390638 | &nbsp;&nbsp;19.990 | &nbsp;&nbsp;06-16-28 | 29691 | &nbsp;&nbsp;&nbsp;&nbsp;29100 |
| Achieve, Loan ID - C31390921 | &nbsp;&nbsp;22.490 | &nbsp;&nbsp;06-13-27 | 3238 | &nbsp;&nbsp;&nbsp;&nbsp;3173 |
| Achieve, Loan ID - C31391521 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-14-28 | 7060 | &nbsp;&nbsp;&nbsp;&nbsp;6919 |
| Achieve, Loan ID - C31391565 | &nbsp;&nbsp;21.990 | &nbsp;&nbsp;06-21-28 | 16795 | &nbsp;&nbsp;&nbsp;&nbsp;16460 |
| Achieve, Loan ID - C31392604 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-13-28 | 7723 | &nbsp;&nbsp;&nbsp;&nbsp;7569 |
| Achieve, Loan ID - C31393020 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;07-27-28 | 5488 | &nbsp;&nbsp;&nbsp;&nbsp;5379 |
| Achieve, Loan ID - C31393496 | &nbsp;&nbsp;22.740 | &nbsp;&nbsp;05-09-27 | 2621 | &nbsp;&nbsp;&nbsp;&nbsp;2569 |
| Achieve, Loan ID - C31394502 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;05-10-25 | 963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;944 |
| Achieve, Loan ID - C31394748 | &nbsp;&nbsp;23.990 | &nbsp;&nbsp;06-29-27 | 7825 | &nbsp;&nbsp;&nbsp;&nbsp;7669 |
| Achieve, Loan ID - C31395045 | &nbsp;&nbsp;22.990 | &nbsp;&nbsp;05-01-28 | 9784 | &nbsp;&nbsp;&nbsp;&nbsp;9589 |
| Achieve, Loan ID - C31395596 | &nbsp;&nbsp;18.740 | &nbsp;&nbsp;06-29-25 | 3876 | &nbsp;&nbsp;&nbsp;&nbsp;3799 |
| Achieve, Loan ID - C31395796 | &nbsp;&nbsp;24.240 | &nbsp;&nbsp;07-30-28 | 13277 | &nbsp;&nbsp;&nbsp;&nbsp;13013 |
| Achieve, Loan ID - C31396148 | &nbsp;&nbsp;21.740 | &nbsp;&nbsp;06-30-28 | 17395 | &nbsp;&nbsp;&nbsp;&nbsp;17048 |
| Achieve, Loan ID - C31396302 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;07-26-28 | 9136 | &nbsp;&nbsp;&nbsp;&nbsp;8954 |
| Achieve, Loan ID - C31396322 | &nbsp;&nbsp;25.240 | &nbsp;&nbsp;07-27-28 | 10188 | &nbsp;&nbsp;&nbsp;&nbsp;9985 |
| Achieve, Loan ID - C31396534 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;07-29-28 | 11828 | &nbsp;&nbsp;&nbsp;&nbsp;11592 |
| Achieve, Loan ID - C31397404 | &nbsp;&nbsp;20.740 | &nbsp;&nbsp;06-24-26 | 11290 | &nbsp;&nbsp;&nbsp;&nbsp;11066 |
| Achieve, Loan ID - C31399171 | &nbsp;&nbsp;22.990 | &nbsp;&nbsp;06-29-28 | 24420 | &nbsp;&nbsp;&nbsp;&nbsp;23935 |
| Achieve, Loan ID - C31402076 | &nbsp;&nbsp;24.240 | &nbsp;&nbsp;06-27-26 | 14937 | &nbsp;&nbsp;&nbsp;&nbsp;14640 |
| Achieve, Loan ID - C31403150 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;06-13-25 | 3221 | &nbsp;&nbsp;&nbsp;&nbsp;3157 |
| Achieve, Loan ID - C31404074 | &nbsp;&nbsp;14.740 | &nbsp;&nbsp;06-25-27 | 9818 | &nbsp;&nbsp;&nbsp;&nbsp;9623 |
| Achieve, Loan ID - C31405619 | &nbsp;&nbsp;23.740 | &nbsp;&nbsp;06-16-28 | 7606 | &nbsp;&nbsp;&nbsp;&nbsp;7454 |
| Achieve, Loan ID - C31407785 | &nbsp;&nbsp;19.990 | &nbsp;&nbsp;06-25-26 | 8841 | &nbsp;&nbsp;&nbsp;&nbsp;8665 |
| Achieve, Loan ID - C31413266 | &nbsp;&nbsp;19.740 | &nbsp;&nbsp;06-14-26 | 3486 | &nbsp;&nbsp;&nbsp;&nbsp;3416 |
| Achieve, Loan ID - C31416188 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-20-28 | 16097 | &nbsp;&nbsp;&nbsp;&nbsp;15777 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 30

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Achieve, Loan ID - C31421074 | &nbsp;&nbsp;22.740 | &nbsp;&nbsp;06-23-27 | 14264 | &nbsp;&nbsp;$13980 |
| Achieve, Loan ID - C31424651 | &nbsp;&nbsp;26.990 | &nbsp;&nbsp;06-14-28 | 7734 | &nbsp;&nbsp;&nbsp;&nbsp;7580 |
| Achieve, Loan ID - C31433338 | &nbsp;&nbsp;16.490 | &nbsp;&nbsp;06-16-26 | 20566 | &nbsp;&nbsp;&nbsp;&nbsp;20157 |
| Achieve, Loan ID - C31439606 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;06-16-27 | 14184 | &nbsp;&nbsp;&nbsp;&nbsp;13902 |
| Achieve, Loan ID - C31440568 | &nbsp;&nbsp;19.990 | &nbsp;&nbsp;06-15-28 | 13809 | &nbsp;&nbsp;&nbsp;&nbsp;13534 |
| Achieve, Loan ID - C31446756 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;06-29-27 | 9654 | &nbsp;&nbsp;&nbsp;&nbsp;9462 |
| Achieve, Loan ID - C31454028 | &nbsp;&nbsp;22.990 | &nbsp;&nbsp;06-29-28 | 26641 | &nbsp;&nbsp;&nbsp;&nbsp;26111 |
| Achieve, Loan ID - C32811890 | &nbsp;&nbsp;18.740 | &nbsp;&nbsp;11-21-27 | 31806 | &nbsp;&nbsp;&nbsp;&nbsp;31173 |
| Achieve, Loan ID - C34505079 | &nbsp;&nbsp;18.990 | &nbsp;&nbsp;11-20-28 | 16197 | &nbsp;&nbsp;&nbsp;&nbsp;15875 |
| Achieve, Loan ID - C34505570 | &nbsp;&nbsp;17.240 | &nbsp;&nbsp;11-17-26 | 7170 | &nbsp;&nbsp;&nbsp;&nbsp;7027 |
| Achieve, Loan ID - C34651006 | &nbsp;&nbsp;25.240 | &nbsp;&nbsp;10-06-27 | 7621 | &nbsp;&nbsp;&nbsp;&nbsp;7469 |
| Achieve, Loan ID - C34722397 | &nbsp;&nbsp;13.990 | &nbsp;&nbsp;11-20-27 | 9606 | &nbsp;&nbsp;&nbsp;&nbsp;9414 |
| Achieve, Loan ID - C34739349 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;12-19-28 | 5613 | &nbsp;&nbsp;&nbsp;&nbsp;5502 |
| Achieve, Loan ID - C34763286 | &nbsp;&nbsp;14.490 | &nbsp;&nbsp;11-20-26 | 12605 | &nbsp;&nbsp;&nbsp;&nbsp;12354 |
| Achieve, Loan ID - C34778675 | &nbsp;&nbsp;19.990 | &nbsp;&nbsp;10-06-27 | 14864 | &nbsp;&nbsp;&nbsp;&nbsp;14568 |
| Achieve, Loan ID - C34779142 | &nbsp;&nbsp;19.740 | &nbsp;&nbsp;11-08-25 | 4003 | &nbsp;&nbsp;&nbsp;&nbsp;3923 |
| Achieve, Loan ID - C34779309 | &nbsp;&nbsp;21.240 | &nbsp;&nbsp;11-21-27 | 11426 | &nbsp;&nbsp;&nbsp;&nbsp;11198 |
| Achieve, Loan ID - C34779394 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;11-10-25 | 3068 | &nbsp;&nbsp;&nbsp;&nbsp;3007 |
| Achieve, Loan ID - C34780174 | &nbsp;&nbsp;21.990 | &nbsp;&nbsp;11-19-25 | 3333 | &nbsp;&nbsp;&nbsp;&nbsp;3266 |
| Achieve, Loan ID - C34780323 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;10-01-25 | 3037 | &nbsp;&nbsp;&nbsp;&nbsp;2977 |
| Achieve, Loan ID - C34822398 | &nbsp;&nbsp;21.240 | &nbsp;&nbsp;11-17-27 | 11218 | &nbsp;&nbsp;&nbsp;&nbsp;10995 |
| Achieve, Loan ID - C34859657 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;11-18-28 | 19750 | &nbsp;&nbsp;&nbsp;&nbsp;19357 |
| Achieve, Loan ID - C34868243 | &nbsp;&nbsp;24.490 | &nbsp;&nbsp;12-20-28 | 19436 | &nbsp;&nbsp;&nbsp;&nbsp;19049 |
| Achieve, Loan ID - C34873664 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;12-20-28 | 16789 | &nbsp;&nbsp;&nbsp;&nbsp;16455 |
| Achieve, Loan ID - C34895842 | &nbsp;&nbsp;14.240 | &nbsp;&nbsp;10-06-26 | 8281 | &nbsp;&nbsp;&nbsp;&nbsp;8116 |
| Achieve, Loan ID - C34902889 (H) | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;12-20-28 | 18967 | &nbsp;&nbsp;&nbsp;&nbsp;18590 |
| Achieve, Loan ID - C34903520 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;11-07-28 | 13850 | &nbsp;&nbsp;&nbsp;&nbsp;13575 |
| Achieve, Loan ID - C34903753 | &nbsp;&nbsp;13.990 | &nbsp;&nbsp;11-10-28 | 31336 | &nbsp;&nbsp;&nbsp;&nbsp;30712 |
| Achieve, Loan ID - C34905741 | &nbsp;&nbsp;25.990 | &nbsp;&nbsp;12-19-28 | 13621 | &nbsp;&nbsp;&nbsp;&nbsp;13350 |
| Achieve, Loan ID - C34910473 | &nbsp;&nbsp;24.240 | &nbsp;&nbsp;11-20-26 | 18764 | &nbsp;&nbsp;&nbsp;&nbsp;18391 |
| Achieve, Loan ID - C34917068 | &nbsp;&nbsp;20.240 | &nbsp;&nbsp;11-15-27 | 30964 | &nbsp;&nbsp;&nbsp;&nbsp;30348 |
| Achieve, Loan ID - C34917496 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;11-21-25 | 2502 | &nbsp;&nbsp;&nbsp;&nbsp;2452 |
| Achieve, Loan ID - C34918363 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;11-15-25 | 1811 | &nbsp;&nbsp;&nbsp;&nbsp;1775 |
| Achieve, Loan ID - C34921910 | &nbsp;&nbsp;&nbsp;&nbsp;5.990 | &nbsp;&nbsp;11-07-25 | 3037 | &nbsp;&nbsp;&nbsp;&nbsp;2976 |
| Achieve, Loan ID - C34924262 | &nbsp;&nbsp;24.490 | &nbsp;&nbsp;11-10-27 | 12096 | &nbsp;&nbsp;&nbsp;&nbsp;11855 |
| Achieve, Loan ID - C34925650 | &nbsp;&nbsp;21.240 | &nbsp;&nbsp;11-21-28 | 16448 | &nbsp;&nbsp;&nbsp;&nbsp;16120 |
| Arivo, Loan ID - C1378970 | &nbsp;&nbsp;18.980 | &nbsp;&nbsp;05-22-29 | 32968 | &nbsp;&nbsp;&nbsp;&nbsp;33080 |
| Arivo, Loan ID - C1380541 | &nbsp;&nbsp;21.950 | &nbsp;&nbsp;05-22-29 | 37322 | &nbsp;&nbsp;&nbsp;&nbsp;37449 |
| Arivo, Loan ID - C1381078 | &nbsp;&nbsp;21.260 | &nbsp;&nbsp;05-27-29 | 21789 | &nbsp;&nbsp;&nbsp;&nbsp;21863 |
| Arivo, Loan ID - C1381533 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-13-29 | 19238 | &nbsp;&nbsp;&nbsp;&nbsp;19303 |
| Arivo, Loan ID - C1381923 | &nbsp;&nbsp;20.150 | &nbsp;&nbsp;05-23-29 | 19279 | &nbsp;&nbsp;&nbsp;&nbsp;19344 |
| Arivo, Loan ID - C1382501 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;04-30-29 | 16387 | &nbsp;&nbsp;&nbsp;&nbsp;16443 |
| Arivo, Loan ID - C1383648 | &nbsp;&nbsp;22.830 | &nbsp;&nbsp;11-12-27 | 19670 | &nbsp;&nbsp;&nbsp;&nbsp;19737 |
| Arivo, Loan ID - C1384317 | &nbsp;&nbsp;20.550 | &nbsp;&nbsp;05-18-29 | 23019 | &nbsp;&nbsp;&nbsp;&nbsp;23097 |

---

31 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Arivo, Loan ID - C1384388 | &nbsp;&nbsp;22.310 | &nbsp;&nbsp;06-01-29 | 24904 | &nbsp;&nbsp;$24989 |
| Arivo, Loan ID - C1384529 | &nbsp;&nbsp;22.200 | &nbsp;&nbsp;05-30-29 | 23965 | &nbsp;&nbsp;&nbsp;&nbsp;24047 |
| Arivo, Loan ID - C1384700 | &nbsp;&nbsp;22.000 | &nbsp;&nbsp;05-18-29 | 34424 | &nbsp;&nbsp;&nbsp;&nbsp;34541 |
| Arivo, Loan ID - C1385054 | &nbsp;&nbsp;16.820 | &nbsp;&nbsp;05-18-29 | 24418 | &nbsp;&nbsp;&nbsp;&nbsp;24501 |
| Arivo, Loan ID - C1385469 | &nbsp;&nbsp;22.990 | &nbsp;&nbsp;11-19-28 | 13223 | &nbsp;&nbsp;&nbsp;&nbsp;13268 |
| Arivo, Loan ID - C1385521 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;11-19-27 | 30733 | &nbsp;&nbsp;&nbsp;&nbsp;30838 |
| Arivo, Loan ID - C1385526 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;05-30-29 | 21806 | &nbsp;&nbsp;&nbsp;&nbsp;21880 |
| Arivo, Loan ID - C1385540 | &nbsp;&nbsp;13.340 | &nbsp;&nbsp;05-19-29 | 32256 | &nbsp;&nbsp;&nbsp;&nbsp;32366 |
| Arivo, Loan ID - C1385548 | &nbsp;&nbsp;14.700 | &nbsp;&nbsp;05-04-29 | 33053 | &nbsp;&nbsp;&nbsp;&nbsp;33165 |
| Arivo, Loan ID - C1385661 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-21-29 | 35134 | &nbsp;&nbsp;&nbsp;&nbsp;35253 |
| Arivo, Loan ID - C1385838 | &nbsp;&nbsp;17.850 | &nbsp;&nbsp;05-29-29 | 24287 | &nbsp;&nbsp;&nbsp;&nbsp;24369 |
| Arivo, Loan ID - C1386089 | &nbsp;&nbsp;20.200 | &nbsp;&nbsp;05-22-29 | 16846 | &nbsp;&nbsp;&nbsp;&nbsp;16904 |
| Arivo, Loan ID - C1386584 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-21-29 | 17656 | &nbsp;&nbsp;&nbsp;&nbsp;17716 |
| Arivo, Loan ID - C1386680 | &nbsp;&nbsp;17.000 | &nbsp;&nbsp;05-21-29 | 1079 | &nbsp;&nbsp;&nbsp;&nbsp;1082 |
| Arivo, Loan ID - C1386731 | &nbsp;&nbsp;13.450 | &nbsp;&nbsp;05-23-29 | 25329 | &nbsp;&nbsp;&nbsp;&nbsp;25415 |
| Arivo, Loan ID - C1387131 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-21-29 | 18816 | &nbsp;&nbsp;&nbsp;&nbsp;18880 |
| Arivo, Loan ID - C1387295 | &nbsp;&nbsp;18.890 | &nbsp;&nbsp;05-22-29 | 25261 | &nbsp;&nbsp;&nbsp;&nbsp;25347 |
| Arivo, Loan ID - C1387393 | &nbsp;&nbsp;16.860 | &nbsp;&nbsp;05-25-29 | 29799 | &nbsp;&nbsp;&nbsp;&nbsp;29900 |
| Arivo, Loan ID - C1387501 | &nbsp;&nbsp;18.900 | &nbsp;&nbsp;05-22-29 | 11344 | &nbsp;&nbsp;&nbsp;&nbsp;11382 |
| Arivo, Loan ID - C1387732 | &nbsp;&nbsp;20.660 | &nbsp;&nbsp;05-23-29 | 21924 | &nbsp;&nbsp;&nbsp;&nbsp;21999 |
| Arivo, Loan ID - C1387765 | &nbsp;&nbsp;22.560 | &nbsp;&nbsp;05-23-29 | 21438 | &nbsp;&nbsp;&nbsp;&nbsp;21511 |
| Arivo, Loan ID - C1387802 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-22-29 | 17429 | &nbsp;&nbsp;&nbsp;&nbsp;17488 |
| Arivo, Loan ID - C1387840 | &nbsp;&nbsp;20.110 | &nbsp;&nbsp;05-22-29 | 21692 | &nbsp;&nbsp;&nbsp;&nbsp;21765 |
| Arivo, Loan ID - C1387867 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-25-29 | 24319 | &nbsp;&nbsp;&nbsp;&nbsp;24401 |
| Arivo, Loan ID - C1388209 | &nbsp;&nbsp;16.370 | &nbsp;&nbsp;05-23-29 | 10896 | &nbsp;&nbsp;&nbsp;&nbsp;10933 |
| Arivo, Loan ID - C1388265 | &nbsp;&nbsp;20.410 | &nbsp;&nbsp;05-23-29 | 18819 | &nbsp;&nbsp;&nbsp;&nbsp;18883 |
| Arivo, Loan ID - C1388326 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-23-29 | 36390 | &nbsp;&nbsp;&nbsp;&nbsp;36513 |
| Arivo, Loan ID - C1388383 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-23-29 | 18242 | &nbsp;&nbsp;&nbsp;&nbsp;18304 |
| Arivo, Loan ID - C1388406 | &nbsp;&nbsp;16.500 | &nbsp;&nbsp;05-23-29 | 8701 | &nbsp;&nbsp;&nbsp;&nbsp;8731 |
| Arivo, Loan ID - C1388509 | &nbsp;&nbsp;21.260 | &nbsp;&nbsp;05-25-29 | 25731 | &nbsp;&nbsp;&nbsp;&nbsp;25818 |
| Arivo, Loan ID - C1388512 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-23-29 | 22692 | &nbsp;&nbsp;&nbsp;&nbsp;22769 |
| Arivo, Loan ID - C1388696 | &nbsp;&nbsp;19.230 | &nbsp;&nbsp;05-12-29 | 23664 | &nbsp;&nbsp;&nbsp;&nbsp;23744 |
| Arivo, Loan ID - C1388855 | &nbsp;&nbsp;22.900 | &nbsp;&nbsp;05-15-29 | 22028 | &nbsp;&nbsp;&nbsp;&nbsp;22103 |
| Arivo, Loan ID - C1388993 | &nbsp;&nbsp;18.210 | &nbsp;&nbsp;05-23-29 | 27463 | &nbsp;&nbsp;&nbsp;&nbsp;27556 |
| Arivo, Loan ID - C1389039 | &nbsp;&nbsp;18.710 | &nbsp;&nbsp;05-09-29 | 30644 | &nbsp;&nbsp;&nbsp;&nbsp;30748 |
| Arivo, Loan ID - C1389201 | &nbsp;&nbsp;14.610 | &nbsp;&nbsp;05-14-29 | 32157 | &nbsp;&nbsp;&nbsp;&nbsp;32267 |
| Arivo, Loan ID - C1389213 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-31-29 | 35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| Arivo, Loan ID - C1389271 | &nbsp;&nbsp;21.880 | &nbsp;&nbsp;06-01-29 | 19329 | &nbsp;&nbsp;&nbsp;&nbsp;19395 |
| Arivo, Loan ID - C1389338 | &nbsp;&nbsp;20.350 | &nbsp;&nbsp;05-25-29 | 29188 | &nbsp;&nbsp;&nbsp;&nbsp;29287 |
| Arivo, Loan ID - C1389412 | &nbsp;&nbsp;18.350 | &nbsp;&nbsp;05-26-29 | 44887 | &nbsp;&nbsp;&nbsp;&nbsp;45040 |
| Arivo, Loan ID - C1389425 | &nbsp;&nbsp;16.390 | &nbsp;&nbsp;06-01-29 | 23692 | &nbsp;&nbsp;&nbsp;&nbsp;23773 |
| Arivo, Loan ID - C1389461 | &nbsp;&nbsp;19.760 | &nbsp;&nbsp;05-29-29 | 3339 | &nbsp;&nbsp;&nbsp;&nbsp;3351 |
| Arivo, Loan ID - C1389469 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-25-29 | 22589 | &nbsp;&nbsp;&nbsp;&nbsp;22666 |
| Arivo, Loan ID - C1389502 | &nbsp;&nbsp;19.740 | &nbsp;&nbsp;05-28-29 | 25129 | &nbsp;&nbsp;&nbsp;&nbsp;25215 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 32

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Arivo, Loan ID - C1389530 | &nbsp;&nbsp;20.130 | &nbsp;&nbsp;05-26-29 | 20178 | &nbsp;&nbsp;$20246 |
| Arivo, Loan ID - C1389587 | &nbsp;&nbsp;13.740 | &nbsp;&nbsp;05-25-29 | 31977 | &nbsp;&nbsp;&nbsp;&nbsp;32086 |
| Arivo, Loan ID - C1389712 | &nbsp;&nbsp;22.080 | &nbsp;&nbsp;05-25-29 | 43214 | &nbsp;&nbsp;&nbsp;&nbsp;43361 |
| Arivo, Loan ID - C1389869 | &nbsp;&nbsp;17.250 | &nbsp;&nbsp;11-25-27 | 10234 | &nbsp;&nbsp;&nbsp;&nbsp;10269 |
| Arivo, Loan ID - C1389972 | &nbsp;&nbsp;15.580 | &nbsp;&nbsp;05-26-29 | 8227 | &nbsp;&nbsp;&nbsp;&nbsp;8255 |
| Arivo, Loan ID - C1390027 | &nbsp;&nbsp;17.150 | &nbsp;&nbsp;05-23-29 | 24485 | &nbsp;&nbsp;&nbsp;&nbsp;24569 |
| Arivo, Loan ID - C1390140 | &nbsp;&nbsp;21.880 | &nbsp;&nbsp;05-26-29 | 15070 | &nbsp;&nbsp;&nbsp;&nbsp;15121 |
| Arivo, Loan ID - C1390165 | &nbsp;&nbsp;20.080 | &nbsp;&nbsp;05-26-29 | 21361 | &nbsp;&nbsp;&nbsp;&nbsp;21434 |
| Arivo, Loan ID - C1390258 | &nbsp;&nbsp;20.500 | &nbsp;&nbsp;05-11-29 | 17203 | &nbsp;&nbsp;&nbsp;&nbsp;17262 |
| Arivo, Loan ID - C1390345 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;11-26-27 | 20165 | &nbsp;&nbsp;&nbsp;&nbsp;20234 |
| Arivo, Loan ID - C1390443 | &nbsp;&nbsp;17.030 | &nbsp;&nbsp;05-26-29 | 35186 | &nbsp;&nbsp;&nbsp;&nbsp;35306 |
| Arivo, Loan ID - C1390475 | &nbsp;&nbsp;20.890 | &nbsp;&nbsp;05-26-29 | 19944 | &nbsp;&nbsp;&nbsp;&nbsp;20012 |
| Arivo, Loan ID - C1390501 | &nbsp;&nbsp;15.920 | &nbsp;&nbsp;05-26-29 | 34567 | &nbsp;&nbsp;&nbsp;&nbsp;34684 |
| Arivo, Loan ID - C1390516 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-26-29 | 38593 | &nbsp;&nbsp;&nbsp;&nbsp;38724 |
| Arivo, Loan ID - C1390616 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-26-29 | 31569 | &nbsp;&nbsp;&nbsp;&nbsp;31676 |
| Arivo, Loan ID - C1390630 | &nbsp;&nbsp;15.360 | &nbsp;&nbsp;05-26-29 | 19126 | &nbsp;&nbsp;&nbsp;&nbsp;19192 |
| Arivo, Loan ID - C1390640 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-25-29 | 25151 | &nbsp;&nbsp;&nbsp;&nbsp;25237 |
| Arivo, Loan ID - C1390700 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-27-29 | 22058 | &nbsp;&nbsp;&nbsp;&nbsp;22133 |
| Arivo, Loan ID - C1390709 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-27-29 | 23773 | &nbsp;&nbsp;&nbsp;&nbsp;23854 |
| Arivo, Loan ID - C1390735 | &nbsp;&nbsp;18.060 | &nbsp;&nbsp;05-13-29 | 30793 | &nbsp;&nbsp;&nbsp;&nbsp;30897 |
| Arivo, Loan ID - C1390766 | &nbsp;&nbsp;17.830 | &nbsp;&nbsp;05-27-29 | 18639 | &nbsp;&nbsp;&nbsp;&nbsp;18702 |
| Arivo, Loan ID - C1390785 | &nbsp;&nbsp;21.580 | &nbsp;&nbsp;05-29-29 | 16616 | &nbsp;&nbsp;&nbsp;&nbsp;16672 |
| Arivo, Loan ID - C1390807 | &nbsp;&nbsp;22.540 | &nbsp;&nbsp;05-27-29 | 19325 | &nbsp;&nbsp;&nbsp;&nbsp;19390 |
| Arivo, Loan ID - C1390907 | &nbsp;&nbsp;17.010 | &nbsp;&nbsp;05-27-29 | 21080 | &nbsp;&nbsp;&nbsp;&nbsp;21152 |
| Arivo, Loan ID - C1391006 | &nbsp;&nbsp;18.430 | &nbsp;&nbsp;05-27-29 | 21319 | &nbsp;&nbsp;&nbsp;&nbsp;21391 |
| Arivo, Loan ID - C1391008 | &nbsp;&nbsp;21.850 | &nbsp;&nbsp;05-27-29 | 21433 | &nbsp;&nbsp;&nbsp;&nbsp;21505 |
| Arivo, Loan ID - C1391067 | &nbsp;&nbsp;17.910 | &nbsp;&nbsp;05-27-29 | 24373 | &nbsp;&nbsp;&nbsp;&nbsp;24456 |
| Arivo, Loan ID - C1391070 | &nbsp;&nbsp;16.640 | &nbsp;&nbsp;05-27-29 | 24980 | &nbsp;&nbsp;&nbsp;&nbsp;25065 |
| Arivo, Loan ID - C1391235 | &nbsp;&nbsp;17.930 | &nbsp;&nbsp;05-30-29 | 20146 | &nbsp;&nbsp;&nbsp;&nbsp;20215 |
| Arivo, Loan ID - C1391262 | &nbsp;&nbsp;16.960 | &nbsp;&nbsp;05-27-29 | 16536 | &nbsp;&nbsp;&nbsp;&nbsp;16592 |
| Arivo, Loan ID - C1391263 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-27-29 | 28654 | &nbsp;&nbsp;&nbsp;&nbsp;28751 |
| Arivo, Loan ID - C1391280 | &nbsp;&nbsp;20.260 | &nbsp;&nbsp;05-27-29 | 21404 | &nbsp;&nbsp;&nbsp;&nbsp;21477 |
| Arivo, Loan ID - C1391342 | &nbsp;&nbsp;14.930 | &nbsp;&nbsp;05-28-29 | 16923 | &nbsp;&nbsp;&nbsp;&nbsp;16981 |
| Arivo, Loan ID - C1391427 | &nbsp;&nbsp;19.880 | &nbsp;&nbsp;05-28-29 | 19697 | &nbsp;&nbsp;&nbsp;&nbsp;19764 |
| Arivo, Loan ID - C1391483 | &nbsp;&nbsp;16.470 | &nbsp;&nbsp;05-28-29 | 38420 | &nbsp;&nbsp;&nbsp;&nbsp;38550 |
| Arivo, Loan ID - C1391610 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;05-13-29 | 21343 | &nbsp;&nbsp;&nbsp;&nbsp;21416 |
| Arivo, Loan ID - C1391647 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;05-29-29 | 13702 | &nbsp;&nbsp;&nbsp;&nbsp;13748 |
| Arivo, Loan ID - C1391652 | &nbsp;&nbsp;19.570 | &nbsp;&nbsp;05-25-29 | 15608 | &nbsp;&nbsp;&nbsp;&nbsp;15661 |
| Arivo, Loan ID - C1391694 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-28-29 | 38357 | &nbsp;&nbsp;&nbsp;&nbsp;38488 |
| Arivo, Loan ID - C1391736 | &nbsp;&nbsp;16.550 | &nbsp;&nbsp;05-29-29 | 45527 | &nbsp;&nbsp;&nbsp;&nbsp;45546 |
| Arivo, Loan ID - C1391813 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;06-02-29 | 26930 | &nbsp;&nbsp;&nbsp;&nbsp;27022 |
| Arivo, Loan ID - C1391838 | &nbsp;&nbsp;22.660 | &nbsp;&nbsp;05-28-29 | 25688 | &nbsp;&nbsp;&nbsp;&nbsp;25776 |
| Arivo, Loan ID - C1392009 | &nbsp;&nbsp;16.290 | &nbsp;&nbsp;11-13-27 | 7624 | &nbsp;&nbsp;&nbsp;&nbsp;7650 |
| Arivo, Loan ID - C1392016 | &nbsp;&nbsp;20.470 | &nbsp;&nbsp;05-30-29 | 25640 | &nbsp;&nbsp;&nbsp;&nbsp;25727 |

---

33 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Arivo, Loan ID - C1392078 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-28-29 | 3728 | &nbsp;&nbsp;$3741 |
| Arivo, Loan ID - C1392104 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-28-29 | 22545 | &nbsp;&nbsp;22621 |
| Arivo, Loan ID - C1392195 | &nbsp;&nbsp;17.980 | &nbsp;&nbsp;05-29-29 | 30523 | &nbsp;&nbsp;30627 |
| Arivo, Loan ID - C1392202 | &nbsp;&nbsp;16.430 | &nbsp;&nbsp;05-29-29 | 40592 | &nbsp;&nbsp;40730 |
| Arivo, Loan ID - C1392258 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-29-29 | 17864 | &nbsp;&nbsp;17925 |
| Arivo, Loan ID - C1392320 | &nbsp;&nbsp;17.980 | &nbsp;&nbsp;05-14-29 | 31420 | &nbsp;&nbsp;31527 |
| Arivo, Loan ID - C1392322 | &nbsp;&nbsp;20.610 | &nbsp;&nbsp;11-14-27 | 14453 | &nbsp;&nbsp;14502 |
| Arivo, Loan ID - C1392327 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-14-29 | 25609 | &nbsp;&nbsp;25696 |
| Arivo, Loan ID - C1392364 | &nbsp;&nbsp;22.070 | &nbsp;&nbsp;05-29-29 | 22712 | &nbsp;&nbsp;22789 |
| Arivo, Loan ID - C1392401 | &nbsp;&nbsp;21.440 | &nbsp;&nbsp;05-29-29 | 20765 | &nbsp;&nbsp;20836 |
| Arivo, Loan ID - C1392420 | &nbsp;&nbsp;14.430 | &nbsp;&nbsp;11-29-27 | 20041 | &nbsp;&nbsp;20109 |
| Arivo, Loan ID - C1392421 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-28-29 | 24295 | &nbsp;&nbsp;24378 |
| Arivo, Loan ID - C1392514 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-29-29 | 20605 | &nbsp;&nbsp;20675 |
| Arivo, Loan ID - C1392527 | &nbsp;&nbsp;14.780 | &nbsp;&nbsp;05-29-29 | 39887 | &nbsp;&nbsp;40022 |
| Arivo, Loan ID - C1392568 | &nbsp;&nbsp;14.740 | &nbsp;&nbsp;05-29-29 | 19559 | &nbsp;&nbsp;19626 |
| Arivo, Loan ID - C1392580 | &nbsp;&nbsp;14.420 | &nbsp;&nbsp;05-30-29 | 25087 | &nbsp;&nbsp;25172 |
| Arivo, Loan ID - C1392651 | &nbsp;&nbsp;20.270 | &nbsp;&nbsp;06-02-29 | 23035 | &nbsp;&nbsp;23113 |
| Arivo, Loan ID - C1392768 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-15-29 | 19258 | &nbsp;&nbsp;19324 |
| Arivo, Loan ID - C1392780 | &nbsp;&nbsp;24.050 | &nbsp;&nbsp;05-29-29 | 19605 | &nbsp;&nbsp;19672 |
| Arivo, Loan ID - C1392838 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-14-29 | 22982 | &nbsp;&nbsp;23061 |
| Arivo, Loan ID - C1392840 | &nbsp;&nbsp;18.140 | &nbsp;&nbsp;05-29-29 | 22765 | &nbsp;&nbsp;22842 |
| Arivo, Loan ID - C1392844 | &nbsp;&nbsp;17.970 | &nbsp;&nbsp;05-29-29 | 21434 | &nbsp;&nbsp;21507 |
| Arivo, Loan ID - C1392924 | &nbsp;&nbsp;22.500 | &nbsp;&nbsp;06-04-29 | 25482 | &nbsp;&nbsp;25568 |
| Arivo, Loan ID - C1392970 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-15-29 | 14938 | &nbsp;&nbsp;14989 |
| Arivo, Loan ID - C1392982 | &nbsp;&nbsp;20.060 | &nbsp;&nbsp;05-25-29 | 28914 | &nbsp;&nbsp;29013 |
| Arivo, Loan ID - C1393035 | &nbsp;&nbsp;12.830 | &nbsp;&nbsp;05-30-29 | 41827 | &nbsp;&nbsp;41969 |
| Arivo, Loan ID - C1393075 | &nbsp;&nbsp;15.310 | &nbsp;&nbsp;05-15-29 | 23144 | &nbsp;&nbsp;23223 |
| Arivo, Loan ID - C1393081 | &nbsp;&nbsp;14.660 | &nbsp;&nbsp;05-30-29 | 18044 | &nbsp;&nbsp;18105 |
| Arivo, Loan ID - C1393111 | &nbsp;&nbsp;17.560 | &nbsp;&nbsp;05-29-29 | 27531 | &nbsp;&nbsp;27624 |
| Arivo, Loan ID - C1393122 | &nbsp;&nbsp;18.260 | &nbsp;&nbsp;05-30-29 | 17533 | &nbsp;&nbsp;17592 |
| Arivo, Loan ID - C1393159 | &nbsp;&nbsp;21.090 | &nbsp;&nbsp;11-25-27 | 16349 | &nbsp;&nbsp;16404 |
| Arivo, Loan ID - C1393204 | &nbsp;&nbsp;20.560 | &nbsp;&nbsp;05-30-29 | 18439 | &nbsp;&nbsp;18502 |
| Arivo, Loan ID - C1393263 | &nbsp;&nbsp;19.710 | &nbsp;&nbsp;05-30-29 | 20867 | &nbsp;&nbsp;20938 |
| Arivo, Loan ID - C1393343 | &nbsp;&nbsp;19.960 | &nbsp;&nbsp;05-26-29 | 8252 | &nbsp;&nbsp;&nbsp;&nbsp;8280 |
| Arivo, Loan ID - C1393348 | &nbsp;&nbsp;20.300 | &nbsp;&nbsp;05-30-29 | 11402 | &nbsp;&nbsp;11441 |
| Arivo, Loan ID - C1393370 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-15-29 | 8735 | &nbsp;&nbsp;&nbsp;&nbsp;8765 |
| Arivo, Loan ID - C1393464 | &nbsp;&nbsp;19.580 | &nbsp;&nbsp;05-30-29 | 22424 | &nbsp;&nbsp;22500 |
| Arivo, Loan ID - C1393472 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-30-29 | 36084 | &nbsp;&nbsp;36207 |
| Arivo, Loan ID - C1393511 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;05-30-29 | 21195 | &nbsp;&nbsp;21267 |
| Arivo, Loan ID - C1393576 | &nbsp;&nbsp;21.540 | &nbsp;&nbsp;05-30-29 | 26109 | &nbsp;&nbsp;26198 |
| Arivo, Loan ID - C1393593 | &nbsp;&nbsp;14.460 | &nbsp;&nbsp;06-01-29 | 23652 | &nbsp;&nbsp;23733 |
| Arivo, Loan ID - C1393720 | &nbsp;&nbsp;14.520 | &nbsp;&nbsp;05-30-29 | 21039 | &nbsp;&nbsp;21111 |
| Arivo, Loan ID - C1393734 | &nbsp;&nbsp;16.870 | &nbsp;&nbsp;05-25-29 | 36129 | &nbsp;&nbsp;36252 |
| Arivo, Loan ID - C1393753 (H) | &nbsp;&nbsp;19.860 | &nbsp;&nbsp;11-15-27 | 16940 | &nbsp;&nbsp;16997 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 34

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Arivo, Loan ID - C1393907 | &nbsp;&nbsp;13.250 | &nbsp;&nbsp;05-30-29 | 25050 | &nbsp;&nbsp;$25136 |
| Arivo, Loan ID - C1393979 | &nbsp;&nbsp;21.130 | &nbsp;&nbsp;05-16-29 | 43679 | &nbsp;&nbsp;&nbsp;&nbsp;43828 |
| Arivo, Loan ID - C1394001 | &nbsp;&nbsp;21.320 | &nbsp;&nbsp;05-30-29 | 38430 | &nbsp;&nbsp;&nbsp;&nbsp;38560 |
| Arivo, Loan ID - C1394007 | &nbsp;&nbsp;21.300 | &nbsp;&nbsp;05-30-29 | 16216 | &nbsp;&nbsp;&nbsp;&nbsp;16271 |
| Arivo, Loan ID - C1394076 | &nbsp;&nbsp;18.670 | &nbsp;&nbsp;06-01-29 | 23948 | &nbsp;&nbsp;&nbsp;&nbsp;24030 |
| Arivo, Loan ID - C1394218 | &nbsp;&nbsp;17.260 | &nbsp;&nbsp;05-17-29 | 18139 | &nbsp;&nbsp;&nbsp;&nbsp;18201 |
| Arivo, Loan ID - C1394326 | &nbsp;&nbsp;13.540 | &nbsp;&nbsp;06-01-29 | 38687 | &nbsp;&nbsp;&nbsp;&nbsp;38818 |
| Arivo, Loan ID - C1394447 | &nbsp;&nbsp;15.570 | &nbsp;&nbsp;06-01-29 | 24367 | &nbsp;&nbsp;&nbsp;&nbsp;24450 |
| Arivo, Loan ID - C1394484 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;06-01-29 | 14873 | &nbsp;&nbsp;&nbsp;&nbsp;14923 |
| Arivo, Loan ID - C1394590 | &nbsp;&nbsp;14.710 | &nbsp;&nbsp;05-17-29 | 17345 | &nbsp;&nbsp;&nbsp;&nbsp;17404 |
| Arivo, Loan ID - C1394614 | &nbsp;&nbsp;16.820 | &nbsp;&nbsp;06-01-29 | 27931 | &nbsp;&nbsp;&nbsp;&nbsp;28026 |
| Arivo, Loan ID - C1394691 | &nbsp;&nbsp;15.960 | &nbsp;&nbsp;06-01-29 | 27852 | &nbsp;&nbsp;&nbsp;&nbsp;27947 |
| Arivo, Loan ID - C1394693 | &nbsp;&nbsp;18.040 | &nbsp;&nbsp;06-01-29 | 26260 | &nbsp;&nbsp;&nbsp;&nbsp;26350 |
| Arivo, Loan ID - C1394761 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;06-01-29 | 23103 | &nbsp;&nbsp;&nbsp;&nbsp;23181 |
| Arivo, Loan ID - C1394905 | &nbsp;&nbsp;21.820 | &nbsp;&nbsp;06-04-29 | 37056 | &nbsp;&nbsp;&nbsp;&nbsp;37182 |
| Arivo, Loan ID - C1394975 | &nbsp;&nbsp;16.750 | &nbsp;&nbsp;05-26-29 | 20167 | &nbsp;&nbsp;&nbsp;&nbsp;20235 |
| Arivo, Loan ID - C1395036 | &nbsp;&nbsp;18.600 | &nbsp;&nbsp;05-18-29 | 27629 | &nbsp;&nbsp;&nbsp;&nbsp;27723 |
| Arivo, Loan ID - C1395055 | &nbsp;&nbsp;18.950 | &nbsp;&nbsp;06-02-29 | 32802 | &nbsp;&nbsp;&nbsp;&nbsp;32914 |
| Arivo, Loan ID - C1395098 | &nbsp;&nbsp;14.860 | &nbsp;&nbsp;06-02-29 | 39574 | &nbsp;&nbsp;&nbsp;&nbsp;39709 |
| Arivo, Loan ID - C1395177 | &nbsp;&nbsp;14.990 | &nbsp;&nbsp;06-02-29 | 26920 | &nbsp;&nbsp;&nbsp;&nbsp;27012 |
| Arivo, Loan ID - C1395182 | &nbsp;&nbsp;17.670 | &nbsp;&nbsp;06-02-29 | 13557 | &nbsp;&nbsp;&nbsp;&nbsp;13603 |
| Arivo, Loan ID - C1395239 | &nbsp;&nbsp;17.130 | &nbsp;&nbsp;05-30-29 | 26642 | &nbsp;&nbsp;&nbsp;&nbsp;26732 |
| Arivo, Loan ID - C1395328 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;05-18-29 | 26270 | &nbsp;&nbsp;&nbsp;&nbsp;26359 |
| Arivo, Loan ID - C1395338 | &nbsp;&nbsp;19.730 | &nbsp;&nbsp;06-03-29 | 26108 | &nbsp;&nbsp;&nbsp;&nbsp;26197 |
| Arivo, Loan ID - C1395472 | &nbsp;&nbsp;17.210 | &nbsp;&nbsp;06-02-29 | 30616 | &nbsp;&nbsp;&nbsp;&nbsp;30720 |
| Arivo, Loan ID - C1395484 | &nbsp;&nbsp;19.030 | &nbsp;&nbsp;05-18-29 | 20401 | &nbsp;&nbsp;&nbsp;&nbsp;20471 |
| Arivo, Loan ID - C1395714 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;06-02-29 | 19743 | &nbsp;&nbsp;&nbsp;&nbsp;19810 |
| Arivo, Loan ID - C1395914 | &nbsp;&nbsp;16.090 | &nbsp;&nbsp;06-03-29 | 19699 | &nbsp;&nbsp;&nbsp;&nbsp;19766 |
| Arivo, Loan ID - C1395983 | &nbsp;&nbsp;16.840 | &nbsp;&nbsp;06-03-29 | 21123 | &nbsp;&nbsp;&nbsp;&nbsp;21195 |
| Arivo, Loan ID - C1396446 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;06-04-29 | 22357 | &nbsp;&nbsp;&nbsp;&nbsp;22433 |
| Arivo, Loan ID - C1397113 | &nbsp;&nbsp;19.680 | &nbsp;&nbsp;06-04-29 | 28020 | &nbsp;&nbsp;&nbsp;&nbsp;28115 |
| Arivo, Loan ID - C1397185 | &nbsp;&nbsp;20.570 | &nbsp;&nbsp;06-04-29 | 16669 | &nbsp;&nbsp;&nbsp;&nbsp;16726 |
| Arivo, Loan ID - C1397666 | &nbsp;&nbsp;21.960 | &nbsp;&nbsp;06-05-29 | 21273 | &nbsp;&nbsp;&nbsp;&nbsp;21345 |
| Arivo, Loan ID - C1480324 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;09-02-29 | 29456 | &nbsp;&nbsp;&nbsp;&nbsp;29556 |
| Arivo, Loan ID - C1483188 | &nbsp;&nbsp;14.640 | &nbsp;&nbsp;09-07-29 | 37453 | &nbsp;&nbsp;&nbsp;&nbsp;37580 |
| Arivo, Loan ID - C1483586 | &nbsp;&nbsp;24.370 | &nbsp;&nbsp;09-07-29 | 28252 | &nbsp;&nbsp;&nbsp;&nbsp;28348 |
| Arivo, Loan ID - C1485900 | &nbsp;&nbsp;19.770 | &nbsp;&nbsp;09-10-29 | 21310 | &nbsp;&nbsp;&nbsp;&nbsp;21383 |
| Arivo, Loan ID - C1486798 | &nbsp;&nbsp;21.980 | &nbsp;&nbsp;09-12-29 | 18073 | &nbsp;&nbsp;&nbsp;&nbsp;18135 |
| Arivo, Loan ID - C1486827 | &nbsp;&nbsp;20.110 | &nbsp;&nbsp;03-12-28 | 11112 | &nbsp;&nbsp;&nbsp;&nbsp;11150 |
| Arivo, Loan ID - C1487273 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;09-12-29 | 29340 | &nbsp;&nbsp;&nbsp;&nbsp;29439 |
| Arivo, Loan ID - C1488090 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;09-15-29 | 19953 | &nbsp;&nbsp;&nbsp;&nbsp;20021 |
| Arivo, Loan ID - C1488149 | &nbsp;&nbsp;17.370 | &nbsp;&nbsp;09-17-29 | 40094 | &nbsp;&nbsp;&nbsp;&nbsp;40231 |
| Arivo, Loan ID - C1488220 | &nbsp;&nbsp;21.000 | &nbsp;&nbsp;09-14-29 | 13989 | &nbsp;&nbsp;&nbsp;&nbsp;14037 |
| Arivo, Loan ID - C1488570 | &nbsp;&nbsp;12.980 | &nbsp;&nbsp;09-14-29 | 5496 | &nbsp;&nbsp;&nbsp;&nbsp;5514 |

---

35 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **JH Consumer Loan Trust (continued)** | **JH Consumer Loan Trust (continued)** |  |  |  |
| Arivo, Loan ID - C1488990 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;09-15-29 | 30784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30888 |
| Arivo, Loan ID - C1489048 | &nbsp;&nbsp;17.770 | &nbsp;&nbsp;08-30-29 | 26072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26161 |
| Arivo, Loan ID - C1489582 | &nbsp;&nbsp;16.430 | &nbsp;&nbsp;09-16-29 | 17721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17781 |
| Arivo, Loan ID - C1490051 | &nbsp;&nbsp;20.000 | &nbsp;&nbsp;09-17-29 | 28031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28126 |
| Arivo, Loan ID - C1490515 | &nbsp;&nbsp;19.680 | &nbsp;&nbsp;09-04-29 | 25550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25637 |
| Arivo, Loan ID - C1491219 | &nbsp;&nbsp;17.650 | &nbsp;&nbsp;09-04-29 | 34703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34821 |
| Arivo, Loan ID - C1491340 | &nbsp;&nbsp;15.510 | &nbsp;&nbsp;09-04-29 | 24589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24672 |
| Arivo, Loan ID - C1491409 | &nbsp;&nbsp;17.650 | &nbsp;&nbsp;09-20-29 | 25609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25696 |
| Arivo, Loan ID - C1491789 | &nbsp;&nbsp;22.620 | &nbsp;&nbsp;03-20-28 | 18123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18184 |
| Arivo, Loan ID - C1492310 | &nbsp;&nbsp;20.890 | &nbsp;&nbsp;09-21-29 | 27775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27869 |
| Arivo, Loan ID - C1492454 | &nbsp;&nbsp;19.010 | &nbsp;&nbsp;09-07-29 | 22485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22561 |
| Arivo, Loan ID - C1492664 | &nbsp;&nbsp;18.000 | &nbsp;&nbsp;09-06-29 | 18659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18723 |
| Arivo, Loan ID - C1492950 | &nbsp;&nbsp;22.610 | &nbsp;&nbsp;09-22-29 | 22850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22927 |
| Arivo, Loan ID - C1493370 | &nbsp;&nbsp;19.430 | &nbsp;&nbsp;09-22-29 | 28262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28359 |
| Arivo, Loan ID - C1493394 | &nbsp;&nbsp;24.340 | &nbsp;&nbsp;09-22-29 | 22605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22681 |
| Arivo, Loan ID - C1493661 | &nbsp;&nbsp;21.050 | &nbsp;&nbsp;09-23-29 | 33952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34068 |
| **Corporate asset-based credit 2.3%** | **Corporate asset-based credit 2.3%** | **Corporate asset-based credit 2.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**$5143500** |
| (Cost $5,000,000) |  |  |  |  |
| **Materials 2.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5143500** |
| CG Finance A LP |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1, Class A (F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-28-28 | &nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5143500 |
| **Credit-linked notes 8.2%** |  |  |  | &nbsp;&nbsp;**$18276052** |
| (Cost $18,299,821) |  |  |  |  |
| **Consumer loans 2.8%** | **Consumer loans 2.8%** | **Consumer loans 2.8%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6183798** |
| Huntington Bank Auto Credit-Linked Note |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1, Class E (30 day Average SOFR + 8.250%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-20-32 | &nbsp;&nbsp;&nbsp;&nbsp;804894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2, Class E (30 day Average SOFR + 7.500%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-32 | &nbsp;&nbsp;&nbsp;&nbsp;1448621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1454924 |
| Santander Bank Auto Credit-Linked Note |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A, Class G (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-33 | &nbsp;&nbsp;&nbsp;&nbsp;2698510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3290561 |
| U.S. Bank NA Auto Credit-Linked Note |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1, Class D (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-32 | &nbsp;&nbsp;&nbsp;&nbsp;619268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630399 |
| **Corporate asset backed securities 5.4%** | **Corporate asset backed securities 5.4%** | **Corporate asset backed securities 5.4%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**12092254** |
| Deutsche Bank AG Credit-Linked Note |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class CLN (3 month CME Term SOFR + 9.250%) (A)(C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-21-33 | &nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001000 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 36

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[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Corporate asset backed securities (continued)** | **Corporate asset backed securities (continued)** | **Corporate asset backed securities (continued)** |  |  |
| MAM SRT Holder II, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(1 month CME Term SOFR + 6.500%) (A)(C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-06-32 | &nbsp;&nbsp;&nbsp;&nbsp;5223080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5218901 |
| U.S. Bank NA Credit-Linked Note |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025-SUP1, Class R (30 day Average SOFR + 7.500%) (A)(C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-32 | &nbsp;&nbsp;&nbsp;&nbsp;1872353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1872353 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional amount** | &nbsp;&nbsp;**Value** |
| **Purchased options 0.0%** |  | &nbsp;&nbsp;**$19894** |
| (Cost $12,820) |  |  |
| **Calls 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**19894** |
| Exchange-traded Option on 5-Year U.S. Treasury Note Futures (Expiration Date: 6-20-25; Strike Price: $110.50; Notional Amount: 17,000) (H) | 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6906 |
| Exchange-traded Option on 5-Year U.S. Treasury Note Futures (Expiration Date: 8-22-25; Strike Price: $111.50; Notional Amount: 25,000) (H) | 25 | &nbsp;&nbsp;&nbsp;&nbsp;12988 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | &nbsp;&nbsp;**Value** |
| **Short-term investments 6.3%** |  |  | &nbsp;&nbsp;**$14139909** |
| (Cost $14,139,909) |  |  |  |
| **Short-term funds 6.3%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**14139909** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | &nbsp;&nbsp;4.2762(O) | &nbsp;&nbsp;12478785 | &nbsp;&nbsp;&nbsp;12478785 |
| U.S. Bank Money Market Deposit Account | &nbsp;&nbsp;3.4350(O) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348314 |
| Wilmington U.S. Government Money Market Fund, Institutional Class | &nbsp;&nbsp;4.1000(O) | &nbsp;&nbsp;&nbsp;&nbsp;1312810 | &nbsp;&nbsp;&nbsp;&nbsp;1312810 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $258,904,926) 116.1%** | &nbsp;&nbsp;**$260074059** |
| **Other assets and liabilities, net (16.1%)** | &nbsp;&nbsp;&nbsp;**(36052684)** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$224021375** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Currency Abbreviations** | **Currency Abbreviations** |
| EUR | Euro |

---

---

| | |
|:---|:---|
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CME | CME Group Published Rates |
| EURIBOR | Euro Interbank Offered Rate |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |

---

37 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

---

| | |
|:---|:---|
| PO | Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase. |
| SOFR | Secured Overnight Financing Rate |
| (A) | This security is 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 $128,884,268 or 57.5% of the fund's net assets as of 4-30-25. |
| (B) | All or a portion of this security is segregated as collateral for reverse repurchase agreements. |
| (C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (D) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
| (E) | Loans are privately issued. Loan originator and/or seller is reflected. |
| (F) | Securities are valued using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
| (G) | Non-income producing - borrower is in default. |
| (H) | Non-income producing security. |
| (I) | The underlying loans have matured but are still in the repayment process. |
| (J) | Notes do not bear interest and represent the ownership of the residual interest in the issuing entity. Distributions are made only after all classes senior in priority have received all amounts due. |
| (K) | Term loans are variable rate obligations. The rate shown represents the rate at period end. |
| (L) | There is no stated interest rate. The fund holds 100% of the economic interests in the investment. |
| (M) | The fund holds an affiliate interest in this investment. |
| (N) | The fund holds 100% of the economic interests in the investment. |
| (O) | The rate shown is the annualized seven-day yield as of 4-30-25. |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 38

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[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;**Position** | &nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| 2-Year U.S. Treasury Note Futures | &nbsp;&nbsp;10 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Jun 2025 | &nbsp;&nbsp;$(2070468) | &nbsp;&nbsp;$(2081484) | &nbsp;&nbsp;&nbsp;$(11016) |
| 3-Year U.S. Treasury Note Futures | &nbsp;&nbsp;44 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Jun 2025 | &nbsp;&nbsp;&nbsp;&nbsp;(9354178) | &nbsp;&nbsp;&nbsp;&nbsp;(9363406) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9228) |
|  |  |  |  |  |  | &nbsp;&nbsp;**$(20244)** |

---

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

#### FORWARD FOREIGN CURRENCY CONTRACTS

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract to buy** | **Contract to buy** | **Contract to sell** | **Contract to sell** | **Counterparty (OTC)** | **Contractual<br> settlement<br> date** | **Unrealized<br> appreciation** | **Unrealized<br> depreciation** |
| EUR | 1172553 | USD | 1243369 | SSB | 11/28/2025 | &nbsp;&nbsp;$102025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | &nbsp;&nbsp;&nbsp;161387 | EUR | &nbsp;&nbsp;&nbsp;151141 | SSB | 7/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(10661) |
| USD | &nbsp;&nbsp;&nbsp;157495 | EUR | &nbsp;&nbsp;&nbsp;146734 | SSB | 10/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10465) |
| USD | 1261801 | EUR | 1172553 | SSB | 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(83592) |
| USD | 1138059 | EUR | 1070006 | SSB | 1/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(93328) |
|  |  |  |  |  |  | **$102025** | **$(198046)** |

---

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| EUR | Euro |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| OTC | Over-the-counter |
| SSB | State Street Bank and Trust Company |

---

At 4-30-25, the aggregate cost of investments for federal income tax purposes was $258,904,926. Net unrealized appreciation aggregated to $1,052,868, of which $4,921,749 related to gross unrealized appreciation and $3,868,881 related to gross unrealized depreciation.

See Notes to consolidated financial statements regarding investment transactions and other derivatives information.

39 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

Consolidated financial statements

#### CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES 4-30-25 (unaudited)

------

---

| | |
|:---|:---|
| **Assets** |  |
| Unaffiliated investments, at value (Cost $218,568,762) | &nbsp;&nbsp;&nbsp;&nbsp;$215702979 |
| Affiliated investments, at value (Cost $40,336,164) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44371080 |
| **Total investments, at value (Cost $258,904,926)** | &nbsp;&nbsp;&nbsp;&nbsp;**260074059** |
| Unrealized appreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102025 |
| Receivable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350122 |
| Foreign currency, at value (Cost $62,375) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62206 |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74385 |
| Receivable for escrow and corporate advances, at value (Cost $570,094) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570094 |
| Collateral at prime broker | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125624 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1635745 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127415 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**264121675** |
| **Liabilities** |  |
| Payable for open reverse repurchase agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37865556 |
| Unrealized depreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198046 |
| Deferred tax liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318781 |
| Payable to affiliates |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207693 |
| &nbsp;&nbsp;&nbsp;&nbsp;Incentive fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1038751 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40100300** |
| **Net assets** | &nbsp;&nbsp;**$224021375** |
| **Net assets consist of** |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$219800622 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4220753 |
| **Net assets** | &nbsp;&nbsp;**$224021375** |
| **Net asset value per share** |  |
| Based on net asset value and shares outstanding - the fund has an unlimited number of<br> shares authorized with no par value |  |
| Class I ($223,666,665 ÷ 10,913,220 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.50 |
| Class D ($302,644 ÷ 14,740 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.53 |
| Class S ($52,066 ÷ 2,525 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.62 |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK Marathon Asset-Based Lending Fund 40

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED STATEMENT OF OPERATIONS For the six months ended 4-30-25 (unaudited)

------

---

| | |
|:---|:---|
| **Investment income** |  |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9994382 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583932 |
| Dividends | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260180 |
| **Total investment income** | &nbsp;&nbsp;**10838494** |
| **Expenses** |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;1649985 |
| Incentive fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863952 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455 |
| Interest expense | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959231 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16410 |
| Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84231 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33204 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99609 |
| Investment servicing fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686406 |
| State registration fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33681 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21991 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510156 |
| Pricing services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 |
| Tax expense | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128665 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**5413776** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(656325) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**4757451** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;**6081043** |
| **Realized and unrealized gain (loss)** |  |
| **Net realized gain (loss) on** |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;2416638 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90585 |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2993) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**2504230** |
| **Change in net unrealized appreciation (depreciation) of** |  |
| Unaffiliated investments, foreign currency transactions and receivables | &nbsp;&nbsp;&nbsp;&nbsp;(2417365) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;2094991 |
| Deferred taxes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(101759) |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(158892) |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(96021) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(679046)** |
| **Net realized and unrealized gain** | &nbsp;&nbsp;&nbsp;&nbsp;**1825184** |
| **Increase in net assets from operations** | &nbsp;&nbsp;**$7906227** |

---

41 JOHN HANCOCK Marathon Asset-Based Lending Fund \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Six months ended<br> 4-30-25<br> (unaudited)** | &nbsp;&nbsp;**Year ended<br> 10-31-24** |
| **Increase (decrease) in net assets** |  |  |
| **From operations** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6081043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10324076 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2504230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91438) |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(679046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2216793 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7906227** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12449431** |
| **Distributions to shareholders** |  |  |
| From earnings |  |  |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5881897) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10585056) |
| Class D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4687) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4910) |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2977) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5887882)** | &nbsp;&nbsp;&nbsp;&nbsp;**(10592943)** |
| **From fund share transactions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46161326** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**60462679** |
| **Total increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**48179671** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**62319167** |
| **Net assets** |  |  |
| Beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175841704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113522537 |
| **End of period** | &nbsp;&nbsp;**$224021375** | &nbsp;&nbsp;**$175841704** |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK Marathon Asset-Based Lending Fund 42

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[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended 4-30-25 (unaudited)

------

---

| | |
|:---|:---|
| **Cash flows from operating activities** |  |
| Net increase in net assets from operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7906227 |
| **Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:** |  |
| Long-term investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;(110494480) |
| Long-term investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76629493 |
| Net purchases and sales of short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8587040) |
| Net amortization of premium (discount) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(288542) |
| (Increase) Decrease in assets: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized appreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(102025) |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable for escrow and corporate advances, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateral at prime broker | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(608998) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(317647) |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272208 |
| Increase (Decrease) in liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized depreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198046 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1800000) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable for delayed delivery securities purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2995663) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101759 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable to affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(610307) |
| Net change in unrealized (appreciation) depreciation on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226015 |
| Net realized (gain) loss on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2423942) |
| Proceeds received as return of capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037000 |
| **Net cash used in operating activities** | &nbsp;&nbsp;**$(41110126)** |
| **Cash flows provided by (used in) financing activities** |  |
| Distributions to shareholders | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(4790415) |
| Borrowings from reverse repurchase agreements | &nbsp;&nbsp;&nbsp;&nbsp;208547103 |
| Repayments of reverse repurchase agreements | &nbsp;&nbsp;&nbsp;&nbsp;(208337052) |
| Fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50999343 |
| Fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5935484) |
| **Net cash flows provided by financing activities** | &nbsp;&nbsp;&nbsp;**$40483495** |
| **Net decrease in cash** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(626631)** |
| **Cash at beginning of period (including foreign currency)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$688837** |

---

43 JOHN HANCOCK Marathon Asset-Based Lending Fund \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended (continued)

------

---

| | |
|:---|:---|
| **Cash at end of period (including foreign currency)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$62206** |
| **Supplemental disclosure of cash flow information:** |  |
| **Cash paid for interest** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(954967)** |
| **Noncash financing activities not included herein consists of reinvestment of distributions** | &nbsp;&nbsp;&nbsp;&nbsp;**$1097467** |
| **Cash impact from foreign exchange fluctuations:** |  |
| Net change in appreciation (depreciation) in foreign currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(169) |

---

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK Marathon Asset-Based Lending Fund 44

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED FINANCIAL HIGHLIGHTS

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CLASS I SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4-30-25<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-22<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.84** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.25) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.82** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.62** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.16)** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.60) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.35) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.07) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| From net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.60)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.35)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.07)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Net asset value, end of period<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.84** |
| **Total return (%)<sup>6</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.83<sup>7</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.58** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.40** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.80)<sup>7</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$99 |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35<sup>89</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.90<sup>10</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70<sup>8911</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12<sup>911</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.94<sup>10</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01<sup>8</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.48<sup>8</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Total debt outstanding end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Asset coverage per $1,000 of debt<sup>12</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

<sup>1</sup> Six months ended 4-30-25. Unaudited.

<sup>2</sup> Period from 7-11-22 (commencement of operations) to 10-31-22.

<sup>3</sup> Based on average monthly shares outstanding.

<sup>4</sup> Less than $0.005 per share.

<sup>5</sup> The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund's shares exists.

<sup>6</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>7</sup> Not annualized.

<sup>8</sup> Annualized.

<sup>9</sup> Includes incentive fees expense of 0.85% (annualized) and 0.71% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>10</sup> Annualized. Certain expenses are presented unannualized.

<sup>11</sup> Expenses including reductions excluding interest expense were 3.75% (annualized) and 3.43% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>12</sup> Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage.

45 JOHN HANCOCK Marathon Asset-Based Lending Fund \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

#### CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CLASS D SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4-30-25<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-22<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.02** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.82** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.08 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.26) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.83** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.56** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.18)** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.58) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.30) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.01) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| From net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.58)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.30)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.01)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Net asset value, end of period<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.53** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.02** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.82** |
| **Total return (%)<sup>6,7</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.85<sup>8</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.90)<sup>8</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.60<sup>1011</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.40<sup>11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15<sup>12</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95<sup>101113</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.37<sup>1113</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19<sup>12</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.76<sup>10</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.24<sup>10</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Total debt outstanding end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Asset coverage per $1,000 of debt<sup>14</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

<sup>1</sup> Six months ended 4-30-25. Unaudited.

<sup>2</sup> Period from 7-11-22 (commencement of operations) to 10-31-22.

<sup>3</sup> Based on average monthly shares outstanding.

<sup>4</sup> Less than $0.005 per share.

<sup>5</sup> The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund's shares exists.

<sup>6</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>7</sup> Does not reflect the effect of sales charges, if any.

<sup>8</sup> Not annualized.

<sup>9</sup> Less than $500,000.

<sup>10</sup> Annualized.

<sup>11</sup> Includes incentive fees expense of 0.85% (annualized) and 0.71% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>12</sup> Annualized. Certain expenses are presented unannualized.

<sup>13</sup> Expenses including reductions excluding interest expense were 4.00% (annualized) and 3.68% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>14</sup> Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS \| JOHN HANCOCK Marathon Asset-Based Lending Fund 46

------

[**Table of Contents**](#JOB_JH_As_e9037580-b485-4fc1-9a07-d286820ad404_TofC)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CLASS S SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4-30-25<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10-31-22<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.79** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.25) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.75** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.55** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.09** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.21)** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.51) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.87) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| From net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.51)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.18)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.87)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Net asset value, end of period<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.62** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$20.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$19.79** |
| **Total return (%)<sup>6,7</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.43<sup>8</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.57** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.05)<sup>8</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—<sup>9</sup> |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20<sup>1011</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00<sup>11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75<sup>12</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55<sup>101113</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.97<sup>1113</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.79<sup>12</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.16<sup>10</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.64<sup>10</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Total debt outstanding end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Asset coverage per $1,000 of debt<sup>14</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

<sup>1</sup> Six months ended 4-30-25. Unaudited.

<sup>2</sup> Period from 7-11-22 (commencement of operations) to 10-31-22.

<sup>3</sup> Based on average monthly shares outstanding.

<sup>4</sup> Less than $0.005 per share.

<sup>5</sup> The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund's shares exists.

<sup>6</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>7</sup> Does not reflect the effect of sales charges, if any.

<sup>8</sup> Not annualized.

<sup>9</sup> Less than $500,000.

<sup>10</sup> Annualized.

<sup>11</sup> Includes incentive fees expense of 0.85% (annualized) and 0.71% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>12</sup> Annualized. Certain expenses are presented unannualized.

<sup>13</sup> Expenses including reductions excluding interest expense were 4.60% (annualized) and 4.28% for the six months ended April 30, 2025 and the year ended 10-31-24, respectively.

<sup>14</sup> Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage.

47 JOHN HANCOCK Marathon Asset-Based Lending Fund \| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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Notes to consolidated financial statements (unaudited)

#### Note 1 — Organization
John Hancock Marathon Asset-Based Lending Fund (formerly John Hancock Asset-Based Lending Fund) (the fund) is a Massachusetts business trust that is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a continuously offered, closed-end management investment company. The fund's investment objective is to seek to provide high current income and to a lesser extent capital appreciation. Under normal circumstances, the fund invests 80% of its net assets (plus any borrowings for investment purposes) in asset-based lending investments, which may include investments in distressed loans.

The fund's shares are not listed on any securities exchange. At the sole discretion of the Board and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to the shareholders by conducting repurchase offers generally quarterly; however, there can be no assurance that any such repurchase offers will be conducted on a quarterly basis or at all.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Consolidated statement of assets and liabilities. Shares are offered only to accredited investors as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933 (the 1933 Act). Eligible Investors must also be either U.S. citizens or U.S. resident aliens. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, for each class may differ.

Prior to March 3, 2025, the fund was known as John Hancock Asset-Based Lending Fund.

**Basis of consolidation. The accompanying consolidated financial statements include the accounts of JH Consumer Loan Trust, JH Residential Whole Loan Trust, JH Residential Whole Loan Trust II, and John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC, each a wholly owned subsidiary of the fund:**

&nbsp;&nbsp;&nbsp;&nbsp;• JH Residential Whole Loan Trust, a Delaware statutory trust, was established on October 14, 2022 for the purpose of originating and acquiring residential real estate loans and legacy mortgage loan pools.

&nbsp;&nbsp;&nbsp;&nbsp;• John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC, a Delaware LLC, was formed on October 18, 2022 and acts as an investment vehicle for the fund to obtain exposure to commercial aircraft lease transactions.

&nbsp;&nbsp;&nbsp;&nbsp;• JH Consumer Loan Trust, a Delaware statutory trust, was established on November 17, 2022 for the purpose of acquiring consumer loans, high-yield asset-backed securities backed by various forms of non-mortgage household debt largely focused on select market segments, such as automobile loans and leases, credit cards and personal installment loans, and other types of consumer loans.

&nbsp;&nbsp;&nbsp;&nbsp;• JH Residential Whole Loan Trust II, a Delaware statutory trust, was established on June 5, 2023 for the purpose of originating and acquiring residential real estate loans and legacy mortgage loan pools.

The fund will generally consolidate its investment in a wholly or substantially owned subsidiary, which is an extension of the operations of the fund, or a controlled operating company whose business consists of providing services to the fund. The fund consolidates its investments in JH Consumer Loan Trust, JH Residential Whole Loan Trust, JH Residential Whole Loan Trust II, and John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC. Intercompany accounts and transactions, if any, have been eliminated. The Consolidated Fund's investments include positions of the fund and these subsidiaries.

The fund has determined that the following wholly owned special purpose vehicles are operating companies, and therefore does not consolidate these investments as it is not permitted to consolidate any subsidiary or other entity that is not an investment company, including those in which the fund has a controlling interest unless the business of the operating company consists of providing services to the fund.

&nbsp;&nbsp;&nbsp;&nbsp;• MSN 803 Trust is a special purpose vehicle purchased by John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC on August 30, 2023, which was established to hold the title to a commercial aircraft and is currently subject to a lease arrangement.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 48

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&nbsp;&nbsp;&nbsp;&nbsp;• JH Aircraft Leasing 4535 (Ireland) Designated Activity Company was established on January 23, 2024 to hold the title to an international commercial aircraft, which is currently subject to a lease arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;• JH LiftCo, LLC, a Delaware statutory trust, was established on March 4, 2024 for the purpose of holding title to industrial equipment, which is currently subject to a lease arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;• JH Finance LeaseCo LLC, a Delaware LLC, was formed on May 7, 2024 for the purpose of holding title to industrial equipment, which is currently subject to lease arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;• JH REO Trust, a Delaware statutory trust, was formed on October 14, 2022 and serves as an investment vehicle to hold foreclosed or real estate owned properties of JH Residential Whole Loan Trust.

#### Note 2 — Significant accounting policies
The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP. Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the consolidated financial statements. The following summarizes the significant accounting policies of the fund:

**Security valuation. Investments are valued at the end of each month at a minimum pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.**

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. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Private investments are measured at fair value based on the present value of the expected cash flows. There are no quoted prices in active markets and valuations rely primarily on the use of significant unobservable inputs, which require significant judgment. Assumptions and inputs used in the valuation include prepayment estimates, determination of the discount rate based on the risk-free interest rate adjusted for credit risk (including estimation of probability of default), liquidity and any other adjustments a third-party market participant would take into account in pricing a transaction. Exchange-traded options are valued at the mid-price of the last quoted bid and ask prices from the exchange where the option trades. Unlisted options are generally valued using evaluated prices obtained from an independent pricing vendor. Futures contracts whose settlement prices are determined as of the close of the NYSE are typically valued based on the settlement price while other futures contracts are typically valued at the last traded price on the exchange on which they trade. 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.

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 Advisor's Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

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,

49 JOHN HANCOCK Marathon Asset-Based Lending Fund \|

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prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the Consolidated Fund's investments as of April 30, 2025, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 4-30-25** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$79123968** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$79123968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40393080** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6146166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34246914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**28830034** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28830034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Profit participating notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23699431** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23699431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special purpose vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22234945** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22234945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer-related assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21555836** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14098758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7457078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6657410** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6657410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate asset-based credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5143500** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5143500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit-linked notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18276052** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6183798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12092254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchased options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19894** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14139909** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13791595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$260074059** | **$13811489** | **$105901004** | **$140361566** |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reverse repurchase agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(37865556)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(37865556) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**102025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(20244)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(20244) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(198046)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(198046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. Transfers into or out of Level 3, if any, represent the beginning value of any security or instrument where a change in the level has occurred from the beginning to the end of the period and in all cases were transferred into or out of Level 2. Securities were transferred from Level 3 since observable market data became available due to the increased market activity of these securities.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 50

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Residential<br> loans** | &nbsp;&nbsp;**Term<br> loans** | &nbsp;&nbsp;**Profit<br> participating<br> notes** | &nbsp;&nbsp;**Special<br> purpose<br> vehicles** | &nbsp;&nbsp;**Consumer-<br> related<br> assets** | &nbsp;&nbsp;**Consumer<br> loans** | &nbsp;&nbsp;**Corporate<br> asset-<br> based<br> credit** | &nbsp;&nbsp;**Credit-<br> linked<br> notes** | &nbsp;&nbsp;**Total** |
| Balance as of<br> 10-31-24 | &nbsp;&nbsp;$34917923 | &nbsp;&nbsp;&nbsp;$27543381 | &nbsp;&nbsp;&nbsp;$24415734 | &nbsp;&nbsp;&nbsp;$21863018 | &nbsp;&nbsp;&nbsp;$5761603 | &nbsp;&nbsp;&nbsp;$8694707 | &nbsp;&nbsp;&nbsp;$5133000 | &nbsp;&nbsp;&nbsp;$11869479 | &nbsp;&nbsp;&nbsp;$140198845 |
| Purchases | &nbsp;&nbsp;&nbsp;43915609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;2101682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49221708 |
| Sales | &nbsp;&nbsp;(44540818) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19791) | &nbsp;&nbsp;&nbsp;&nbsp;(2271848) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(316000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(407746) | &nbsp;&nbsp;&nbsp;(1411644) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1771689) | &nbsp;&nbsp;&nbsp;&nbsp;(50739536) |
| Realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;3236195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(703286) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2532909 |
| Transfers out of Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;(1520150) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1520150) |
| Net amortization of (premium) discount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(197548) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30585) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(229) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(70804) |
| Change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;(1564297) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1555545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(96799) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5307) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738594 |
| **Balance as of 4-30-25** | **$34246914** | &nbsp;&nbsp;**$28830034** | &nbsp;&nbsp;**$23699431** | &nbsp;&nbsp;**$22234945** | &nbsp;&nbsp;**$7457078** | &nbsp;&nbsp;**$6657410** | &nbsp;&nbsp;**$5143500** | &nbsp;&nbsp;**$12092254** | &nbsp;&nbsp;**$140361566** |
| Change in unrealized appreciation (depreciation) at period end<sup>1</sup> | &nbsp;&nbsp;$(2101969) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$72807 | &nbsp;&nbsp;&nbsp;&nbsp;$1555545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$657927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(96799) | &nbsp;&nbsp;&nbsp;&nbsp;$163580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(5307) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$256284 |

---

<sup>1</sup> Change in net unrealized appreciation (depreciation) attributable to Level 3 securities held at period end. This balance is included in change in unrealized appreciation (depreciation) on the Consolidated statement of operations.

The valuation techniques and significant unobservable inputs used in the fair value measurement of the fund's Level 3 securities are outlined in the table below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fair Value<br> at 4-30-25** | &nbsp;&nbsp;**Valuation technique** | &nbsp;&nbsp;**Significant<br> unobservable inputs** | &nbsp;&nbsp;**Input/Range\*** | &nbsp;&nbsp;**Input weighted<br> average\*** |
| Residential loans | $34246914 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;7.71%-16.42%<br> $9.88-$102.10 | &nbsp;&nbsp;10.75%<br> $85.22 |
| Term loans | $28830034 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;8.83%-14.18%<br> $98.68-$99.42 | &nbsp;&nbsp;10.62%<br> $99.07 |
| Profit participating notes | $23699431 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;8.49%-12.08%<br> $100.00 | &nbsp;&nbsp;11.84%<br> $100.00 |
| Special purpose vehicles | $22234945 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;10.24%-12.60%<br> $100.00 | &nbsp;&nbsp;11.10%<br> $100.00 |
| Consumer-related assets | $7457078 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;11.33%-20.14%<br> $20,939.70 | &nbsp;&nbsp;15.33%<br> $20,939.70 |
| Consumer loans | $6657410 | &nbsp;&nbsp;Discounted cash flow | &nbsp;&nbsp;Discount rate | &nbsp;&nbsp;6.83%-9.09% | &nbsp;&nbsp;7.48% |
| Corporate asset-based credit | $5143500 | &nbsp;&nbsp;Discounted cash flow | &nbsp;&nbsp;Discount rate | &nbsp;&nbsp;11.60% | &nbsp;&nbsp;11.60% |
| Credit-linked notes | $12092254 | &nbsp;&nbsp;Discounted cash flow<br> Recent transaction | &nbsp;&nbsp;Discount rate<br> Transaction price | &nbsp;&nbsp;9.91%-12.60%<br> $100.00 | &nbsp;&nbsp;11.23%<br> $100.00 |
| **Total** | **$140361566** |  |  |  |  |

---

51 JOHN HANCOCK Marathon Asset-Based Lending Fund \|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fair Value<br> at 4-30-25** | &nbsp;&nbsp;**Valuation technique** | &nbsp;&nbsp;**Significant<br> unobservable inputs** | &nbsp;&nbsp;**Input/Range\*** | &nbsp;&nbsp;**Input weighted<br> average\*** |

---

\*A weighted average is an average in which each input in the grouping is assigned a weighting before summing to a single average value. The weighting of the input is determined based on a security's fair value as a percentage of the total fair value.

A change to unobservable inputs of the fund's Level 3 securities as of April 30, 2025 could have resulted in changes to the fair value measurement, as follows:

---

| | | |
|:---|:---|:---|
| **Significant unobservable input** | **Impact to Valuation<br> if input had increased** | &nbsp;&nbsp;**Impact to Valuation<br> if input had decreased** |
| Discount rate | Decrease | &nbsp;&nbsp;Increase |
| Transaction price | Increase | &nbsp;&nbsp;Decrease |

---

**Reverse repurchase agreements. The fund may enter into reverse repurchase agreements. In a reverse repurchase agreement, the fund delivers a security, as collateral, in exchange for cash to a financial institution, the counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed upon price and date. The fund is entitled to receive principal and interest payments, if any, made on the security delivered to the counterparty during the term of the agreements. In addition, cash collateral received from the counterparty to cover appreciation on the underlying security, if any, is shown on the Consolidated statement of assets and liabilities as Payable for collateral on open reverse repurchase agreements. Obligation to repay cash received by a fund, if any, is shown on the Consolidated statement of assets and liabilities as Payable for open reverse repurchase agreements.**

Because reverse repurchase agreements may be considered to be the practical equivalent of borrowing funds (and the counterparty making a loan), they constitute a form of leverage. In the event of a default by the counterparty, recovery of the security transferred by the fund may be delayed or the fund may incur a loss equal to the amount by which the value of the security transferred by the fund exceeds the repurchase price payable by the fund.

The following table summarizes the open reverse repurchase agreements at April 30, 2025:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | &nbsp;&nbsp;&nbsp;**Borrowing<br> rate** | &nbsp;&nbsp;&nbsp;**Settlement<br> date** | &nbsp;&nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;&nbsp;**Amount<br> borrowed** | &nbsp;&nbsp;&nbsp;**Payable for<br> reverse<br> repurchase<br> agreements** |
| J.P. Morgan Securities LLC | &nbsp;&nbsp;5.170% | &nbsp;&nbsp;4-3-25 | &nbsp;&nbsp;5-5-25 | &nbsp;&nbsp;$(1587000) | &nbsp;&nbsp;$(1593382) |
| J.P. Morgan Securities LLC | &nbsp;&nbsp;5.170% | &nbsp;&nbsp;4-21-25 | &nbsp;&nbsp;5-21-25 | &nbsp;&nbsp;(1395000) | &nbsp;&nbsp;&nbsp;&nbsp;(1397003) |
| UBS AG | &nbsp;&nbsp;4.970% | &nbsp;&nbsp;4-11-25 | &nbsp;&nbsp;5-12-25 | &nbsp;&nbsp;(2093000) | &nbsp;&nbsp;&nbsp;&nbsp;(2098779) |
| UBS AG | &nbsp;&nbsp;4.990% | &nbsp;&nbsp;4-29-25 | &nbsp;&nbsp;5-29-25 | &nbsp;&nbsp;(2151188) | &nbsp;&nbsp;&nbsp;&nbsp;(2151784) |
| UBS AG | &nbsp;&nbsp;5.070% | &nbsp;&nbsp;4-29-25 | &nbsp;&nbsp;5-29-25 | &nbsp;&nbsp;(2553060) | &nbsp;&nbsp;&nbsp;&nbsp;(2553779) |
| UBS AG | &nbsp;&nbsp;5.090% | &nbsp;&nbsp;4-10-25 | &nbsp;&nbsp;5-12-25 | &nbsp;&nbsp;(6133780) | &nbsp;&nbsp;&nbsp;&nbsp;(6151993) |
| UBS AG | &nbsp;&nbsp;5.120% | &nbsp;&nbsp;4-21-25 | &nbsp;&nbsp;5-21-25 | &nbsp;&nbsp;(2793500) | &nbsp;&nbsp;&nbsp;&nbsp;(2797473) |
| UBS AG | &nbsp;&nbsp;5.170% | &nbsp;&nbsp;4-2-25 | &nbsp;&nbsp;5-2-25 | &nbsp;&nbsp;(5003696) | &nbsp;&nbsp;&nbsp;&nbsp;(5024535) |
| UBS AG | &nbsp;&nbsp;5.170% | &nbsp;&nbsp;4-11-25 | &nbsp;&nbsp;5-12-25 | &nbsp;&nbsp;(4655925) | &nbsp;&nbsp;&nbsp;&nbsp;(4669298) |
| UBS AG | &nbsp;&nbsp;5.170% | &nbsp;&nbsp;4-29-25 | &nbsp;&nbsp;5-29-25 | &nbsp;&nbsp;(1782673) | &nbsp;&nbsp;&nbsp;&nbsp;(1783185) |
| UBS AG | &nbsp;&nbsp;5.270% | &nbsp;&nbsp;4-11-25 | &nbsp;&nbsp;5-12-25 | &nbsp;&nbsp;(2923106) | &nbsp;&nbsp;&nbsp;&nbsp;(2931664) |
| UBS AG | &nbsp;&nbsp;5.320% | &nbsp;&nbsp;4-23-25 | &nbsp;&nbsp;5-23-25 | &nbsp;&nbsp;(2836400) | &nbsp;&nbsp;&nbsp;&nbsp;(2839753) |

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\| JOHN HANCOCK Marathon Asset-Based Lending Fund 52

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | &nbsp;&nbsp;&nbsp;**Borrowing<br> rate** | &nbsp;&nbsp;&nbsp;**Settlement<br> date** | &nbsp;&nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;&nbsp;**Amount<br> borrowed** | &nbsp;&nbsp;&nbsp;**Payable for<br> reverse<br> repurchase<br> agreements** |
| UBS AG | &nbsp;&nbsp;5.320% | &nbsp;&nbsp;4-29-25 | &nbsp;&nbsp;5-29-25 | &nbsp;&nbsp;$(1872375) | &nbsp;&nbsp;&nbsp;$(1872928) |
|  |  |  |  |  | &nbsp;&nbsp;**$(37865556)** |

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Collateral with a market value of $3,715,143 and $42,793,207, have been pledged to J.P. Morgan Securities LLC and UBS AG, respectively, in connection with open reverse repurchase agreements. The average borrowings by the fund and the weighted average interest rate for the period the fund entered into reverse repurchase agreements amounted to $35,943,365 and 5.38%, respectively.

**Term loans. The fund may invest in direct term loans which are not publicly traded, may not have a secondary market, and are not rated by any rating agency. Direct term loans can be asset-based loans secured by collateral such as transportation assets, real estate, consumer or corporate related assets, or other assets. These loans are highly structured and typically include frequent monitoring including but not limited to financial and collateral reporting.**

Because term loans may not be rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadvisor's credit analysis of the borrower. The fund's ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. The fund is exposed to the risk that the borrower may default or become insolvent and, consequently, that the fund will lose money on the loan. Furthermore, direct loans may subject the fund to liquidity and interest rate risk as certain direct loans may be deemed illiquid.

At April 30, 2025, the fund had $2,120,516 in unfunded loan commitments outstanding.

**Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolio may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities also have the risk that the portfolio may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.**

**Mortgage and asset backed securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund's income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund's cash available for reinvestment in higher yielding securities. The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g. FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through**

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securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.

**Credit-linked notes. The fund may purchase credit-linked notes, which are typically privately offered and sold. Credit-linked notes are intended to replicate the economic effects that would apply had the fund directly purchased the underlying reference asset(s). Investments in credit-linked notes represent the right to receive periodic income payments and payment of principal at the end of the term of the note. In addition to the risks associated with the underlying reference instrument, an investment in a credit-linked note is also subject to liquidity risk, market risk, interest rate risk and the risk that the counterparty will be unwilling or unable to meet its obligations under the note.**

**Escrow and corporate advances. The fund advances payments when the borrower fails to meet contractual payments (e.g. property taxes and insurance) in accordance with the terms of its servicing agreements and to cover corporate advances (e.g. appraisal or title fees) associated with residential loans. Advances are fair valued based on assumptions related to their recoverability and seniority in the claims hierarchy in the event of a liquidation and are reflected on the Consolidated statement of assets and liabilities as Receivable for escrow and corporate advances, at value. Change in value, if any, is reflected in the change in net unrealized appreciation (depreciation) of unaffiliated investments and receivables on the Consolidated statement of operations.**

**Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income from the funds short-term investments is recorded on ex-date. Distributions from investments in private operating companies are reflected as dividend income. Return of capital distributions from private operating companies, if any, are treated as a reduction of cost. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.**

**Overdrafts. Pursuant to the custodian agreement, the fund's custodian may, in its discretion, advance funds to the fund to make properly authorized payments. When such payments result in an overdraft, the fund is obligated to repay the custodian for any overdraft, including any costs or expenses associated with the overdraft. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the maximum extent permitted by law, to the extent of any overdraft.**

**Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.**

**Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, for all classes, are charged at the class level based on the net assets of each class and the specific expense rates applicable to each class.**

**Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.**

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 54

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For federal income tax purposes, as of October 31, 2024, the fund has a long-term capital loss carryforward of $4,946 available to offset future net realized capital gains. This carryforward does not expire.

As of October 31, 2024, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

The fund has two domestic taxable subsidiaries – John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC and JH LiftCo, LLC (the "Domestic Taxable Subsidiaries"). These entities have elected to be treated as corporations for US income tax purpose and are subject to both federal and state level corporate income taxes. The purposes of the taxable subsidiaries are to permit the fund to gain exposure to commercial aircraft and industrial equipment lease transactions for U.S. federal income tax purposes in order to comply with the Regulated Investment Company tax compliance requirements. The net investment income and capital gains and losses from the Domestic Taxable Subsidiaries do not always flow through to the fund and these entities may pay dividends up to the fund. The Domestic Taxable Subsidiaries are not consolidated for income tax purposes and may generate income that is subject to federal, state, and local taxes.

The fund has one foreign taxable subsidiary - JH Aircraft Leasing 4535 (Ireland) Designated Activity Company. The subsidiary is not consolidated for financial reporting purpose. The purpose of the taxable subsidiary is to permit the fund to gain exposure to international commercial aircraft lease transactions. The subsidiary is classified as a controlled foreign corporation under the Internal Revenue Code and is subject to sub part F income rules. Therefore, the fund is required to increase its taxable income by its share of the subsidiary's net taxable income. Net income and realized gains from the subsidiary are treated as ordinary income for tax purposes. If a net loss is realized by the subsidiary in any taxable year, the loss will generally not be available to offset the fund's ordinary income and/or capital gains for that year.

Generally, the Domestic Taxable Subsidiaries, which file separate tax returns, are subject to income tax examinations by U.S. federal, state and local authorities for all years through October 31, 2024. The Domestic Taxable Subsidiaries assess their tax position using the provisions of ASC 740, Income Taxes, with regard to uncertain tax positions. Uncertain income tax positions are recognized based on a "more likely than not" threshold. Penalties and interest are recognized in the Provision for Income Taxes in the Statements of Income and Comprehensive Income. The Domestic Taxable Subsidiaries are not aware of any tax positions for significant unrecognized tax benefits, and do not believe it is reasonably possible that, within the next twelve months, unrecognized domestic tax benefits will change by a significant amount. As of October 31, 2024, no liability for interest and penalties have been recognized.

Deferred income taxes reflect the net effects of temporary differences between financial reporting and tax basis of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse.

As noted in "Basis of consolidation" in Note 1 in the Notes to consolidated financial statements, the fund consolidates its investment in John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC and does not consolidate JH LiftCo, LLC. Both Domestic Taxable Subsidiaries are not eligible to elect treatment as regulated investment companies. The amount of taxes paid by Domestic Taxable Subsidiaries will vary depending on the amount of capital appreciation of its investments and such taxes will reduce a fund shareholders return from an investment in the fund. For any unconsolidated subsidiary, the impact of deferred income taxes will be incorporated into the market value of the investment. Upon the sale of an investment, the Domestic Taxable Subsidiaries may be liable for previously deferred taxes.

As of October 31, 2024, the fund had no uncertain tax positions that would require consolidated financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

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The components of the fund's income tax provision (benefit) for the six months ended April 30, 2025, are as follows:

---

| | |
|:---|:---|
| Current income tax (benefit) |  |
| State and local | &nbsp;&nbsp;$800 |
| **Total Current income tax (benefit)** | &nbsp;&nbsp;**$800** |
| Deferred income tax |  |
| Federal | &nbsp;&nbsp;$91414 |
| State and local | &nbsp;&nbsp;10345 |
| **Total deferred income tax (benefit)** | &nbsp;&nbsp;**$101759** |
| **Provision for income taxes** | &nbsp;&nbsp;**$102559** |
| The provision for income taxes is reconciled to the amount determined by applying the statutory federal income tax rate to income before taxes as follows: |  |
| Period ended April 30, 2025 |  |
| Federal income tax at the statutory rate | &nbsp;&nbsp;$93628 |
| State income tax (net of federal benefit) | &nbsp;&nbsp;8721 |
| Other | &nbsp;&nbsp;210 |
| **Provision for income taxes** | &nbsp;&nbsp;**$102559** |
| Amounts reported in the consolidated financial statements and the tax basis of assets and liabilities result in temporary differences. The deferred tax assets (liabilities) consist of the following: |  |
| As of April 30, 2025 |  |
| Deferred tax assets |  |
| Net operating loss | &nbsp;&nbsp;$331079 |
| Audit fees | &nbsp;&nbsp;1432 |
| Deferred tax liabilities |  |
| Depreciation | &nbsp;&nbsp;(651292) |
| **Total** | &nbsp;&nbsp;**$(318781)** |

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**Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends quarterly. Capital gain distributions, if any, are typically distributed annually.**

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.

Such distributions, on a tax basis, if any, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's consolidated financial statements as a return of capital. The final determination of tax characteristics of the fund's distribution will occur at the end of the year and will subsequently be reported to shareholders.

Capital accounts within the consolidated financial statements are adjusted for permanent book-tax differences at fiscal year end. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to derivative transactions, taxable subsidiary and non-deductible start up costs.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 56

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#### Note 3 — Derivative instruments
The fund may invest in derivatives in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

Derivatives which are typically traded through the OTC market are regulated by the Commodity Futures Trading Commission (the CFTC). Derivative counterparty risk is managed through an ongoing evaluation of the creditworthiness of all potential counterparties and, if applicable, designated clearing organizations. The fund attempts to reduce its exposure to counterparty risk for derivatives traded in the OTC market, whenever possible, by entering into an International Swaps and Derivatives Association (ISDA) Master Agreement with each of its OTC counterparties. The ISDA gives each party to the agreement the right to terminate all transactions traded under the agreement if there is certain deterioration in the credit quality or contractual default of the other party, as defined in the ISDA. Upon an event of default or a termination of the ISDA, the non-defaulting party has the right to close out all transactions and to net amounts owed.

As defined by the ISDA, the fund or its subsidiary may have collateral agreements with certain counterparties to mitigate counterparty risk on OTC derivatives. Subject to established minimum levels, collateral for OTC transactions is generally determined based on the net aggregate unrealized gain or loss on contracts with a particular counterparty. Collateral pledged to the fund, if any, is held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the fund and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the fund, if any, for OTC transactions is held in a segregated account at the fund's custodian and is noted in the accompanying Consolidated Fund's investments, or if cash is posted, on the Consolidated statement of assets and liabilities. The fund's risk of loss due to counterparty risk is equal to the asset value of outstanding contracts offset by collateral received.

Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.

**Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and cleared through a central clearinghouse. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument and potential losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.**

Upon entering into a futures contract, the fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by the fund, if any, is detailed in the Consolidated statement of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Consolidated Fund's investments. Subsequent payments, referred to as variation margin, are made or received by the fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund. Receivable for futures variation

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margin is included on the Consolidated statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

During the six months ended April 30, 2025, the fund used futures contracts to manage against changes in interest rates. The fund held futures contracts with USD notional values ranging from $8.3 million to $11.4 million, as measured at each quarter end.

**Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. Forwards are typically traded OTC. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral if applicable, and the risk that currency movements will not favor the fund thereby reducing the fund's total return, and the potential for losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities.** 

The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by the fund as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.

During the six months ended April 30, 2025, the fund used forward foreign currency contracts to manage against changes in foreign currency exchange rates. The fund held forward foreign currency contracts with USD notional values ranging up to $4.0 million, as measured at each quarter end.

**Options. There are two types of options, put options and call options. Options are traded either OTC or on an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying asset at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying asset at the exercise price. Writing puts and buying calls may increase the fund's exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the fund's exposure to such changes. Risks related to the use of options include the loss of premiums on purchased options, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values, and for written options, potential losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities. In addition, OTC options are subject to the risks of all OTC derivatives contracts.** 

Purchased options are included in the Fund's investments and are subsequently "marked-to-market" to reflect current market value. If a purchased option expires, the fund realizes a loss equal to the premium paid for the option. Premiums paid for purchased options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying asset transaction to determine the realized gain (loss).

During the six months ended April 30, 2025, the fund used purchased options contracts to manage against changes in interest rates. The fund held purchased options contracts with market values ranging from $800 to $20,000, as measured at each quarter end.

#### Fair value of derivative instruments by risk category
The table below summarizes the fair value of derivatives held by the fund and its subsidiary at April 30, 2025 by risk category:

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 58

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| | | | | |
|:---|:---|:---|:---|:---|
| **Risk** | &nbsp;&nbsp;**Consolidated statement of assets<br> and liabilities<br> location** | &nbsp;&nbsp;**Financial<br> instruments<br> location** | &nbsp;&nbsp;**Assets<br> derivatives<br> fair value** | &nbsp;&nbsp;**Liabilities<br> derivatives<br> fair value** |
| Interest rate | Receivable/payable for futures variation margin<sup>1</sup> | Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(20244) |
| Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | &nbsp;&nbsp;$102025 | &nbsp;&nbsp;&nbsp;&nbsp;(198046) |
| Interest rate | Unaffiliated investments, at value<sup>2</sup> | Purchased options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  | **$121919** | **$(218290)** |

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<sup>1</sup> Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of the Consolidated Fund's investments. Only the period end variation margin receivable/payable is separately reported on the Consolidated statement of assets and liabilities.

<sup>2</sup> Purchased options are included in Consolidated Fund's investments.

For financial reporting purposes, the fund and its subsidiary do not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the Consolidated statement of assets and liabilities. In the event of default by the counterparty or a termination of the agreement, the ISDA allows an offset of amounts across the various transactions between the fund and the applicable counterparty.

#### Effect of derivative instruments on the Consolidated statement of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended April 30, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Net realized gain (loss) on:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Unaffiliated<br> investments and<br> foreign currency<br> transactions<sup>1</sup>** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;&nbsp;$(28956) | &nbsp;&nbsp;&nbsp;&nbsp;$90585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$61629 |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(2993) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2993) |
| **Total** | &nbsp;&nbsp;&nbsp;**$(28956)** | &nbsp;&nbsp;&nbsp;**$90585** | &nbsp;&nbsp;&nbsp;**$(2993)** | &nbsp;&nbsp;&nbsp;**$58636** |

---

<sup>1</sup> Realized gain (loss) associated with purchased options is included in this caption on the Statement of operations.

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Unaffiliated<br> investments and<br> translation of assets<br> and liabilities in<br> foreign currencies<sup>1</sup>** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;&nbsp;$22780 | &nbsp;&nbsp;&nbsp;&nbsp;$(158892) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(136112) |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(96021) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(96021) |
| **Total** | &nbsp;&nbsp;&nbsp;**$22780** | &nbsp;&nbsp;&nbsp;**$(158892)** | &nbsp;&nbsp;&nbsp;**$(96021)** | &nbsp;&nbsp;&nbsp;**$(232133)** |

---

<sup>1</sup> Change in unrealized appreciation (depreciation) associated with purchased options is included in this caption on the Statement of operations.

59 JOHN HANCOCK Marathon Asset-Based Lending Fund \|

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#### Note 4 — Guarantees and indemnifications
Under the fund's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

#### Note 5 — Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as distributor and principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.

**Management fee. The fund has an investment management agreement with the Advisor under which the fund pays the Advisor a fee, calculated and paid monthly, at an annual rate of 1.35% of the fund's average monthly managed assets (managed assets means the total assets of the fund (including any assets attributable to any preferred shares that may be issued or to indebtedness), minus the fund's liabilities incurred in the normal course of operations other than liabilities relating to indebtedness). Pursuant to a subadvisory agreement, the Advisor (and not the fund) has agreed to pay a subadvisory fee directly to Marathon Asset Management LP (the Subadvisor).**

The Advisor contractually agreed to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate managed assets of all the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During the six months ended April 30, 2025, this waiver amounted to 0.01% of the fund's average monthly managed assets, on an annualized basis. This agreement expires on July 31, 2026, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee for the fund or, if necessary, make payment to the fund, in an amount equal to the amount by which the following expenses of the fund, incurred in the ordinary course of the fund's business, exceed 0.60% percent of average monthly net assets (on an annualized basis) of the fund: (a) administrative fees; (b) custody and accounting fees; (c) audit fees; (d) legal fees; (e) independent trustee fees; (f) pricing services fees; (g) blue sky fees; (h) insurance premiums; (i) printing costs; (j) registration and filing expenses; (k) organization and offering expenses; (l) transfer agent fees and service fees; and (m) other miscellaneous ordinary expenses, but excluding management and incentive fees, interest expense, 12b-1 fees, any cashiering or other investment servicing fees; litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the business of the fund; taxes; short dividends, acquired fund fees and expenses (based on indirect net expenses associated with the fund's investments in underlying investment companies); class specific expenses; portfolio brokerage commissions; expenses related to, or incurred by, special purpose vehicles or other subsidiaries of the fund held directly or indirectly by the fund; expenses, including legal expenses, related to investments of the fund; and expenses, including legal expenses, related to co-investment transactions involving the fund. This agreement expires on February 28, 2026, unless renewed by mutual agreement of the Advisor and the fund based upon a determination that this is appropriate under the circumstances at that time.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 60

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For the six months ended April 30, 2025, the expense reductions described above amounted to the following:

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;**Expense reduction** |
| Class I | &nbsp;&nbsp;$655585 |
| Class D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566 |

---

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;**Expense reduction** |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$174 |
| **Total** | &nbsp;&nbsp;**$656325** |

---

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended April 30, 2025, were equivalent to a net annual effective rate of 0.81% of the fund's average monthly managed assets.

**Incentive fee. The fund has agreed to pay the Advisor an Incentive Fee based upon pre-incentive fee net investment income. The incentive fee shall be calculated and accrued on a monthly basis while being determined and payable in arrears as of the end of each fiscal quarter. The calculation of the incentive fee for each fiscal quarter is as follows:**

&nbsp;&nbsp;&nbsp;&nbsp;• No incentive fee shall be payable in any fiscal quarter in which the pre-incentive fee net investment income attributable to each class does not exceed a quarterly return of 1.25% per quarter based on each class's average beginning monthly net assets for the applicable quarterly payment period (calculated in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if applicable during the payment period) (the "Quarterly Return"), or 5.00% annualized;

&nbsp;&nbsp;&nbsp;&nbsp;• All pre-incentive fee net investment income attributable to each class (if any) that exceeds the Quarterly Return, but is less than or equal to 1.4286% of the average beginning monthly net assets of that each class (calculated in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if applicable during the payment period) for the fiscal quarter (5.714% annualized), shall be payable to the Advisor; and

&nbsp;&nbsp;&nbsp;&nbsp;• For any fiscal quarter in which pre-incentive fee net investment income attributable to each class exceeds 1.4286% of each class's average beginning monthly net assets (calculated in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if applicable during the payment period), the incentive fee with respect to each class shall equal 12.5% of pre-incentive fee net investment Income attributable to each class.

The incentive fee for the six months ended April 30, 2025 amounted to $863,952.

**Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended April 30, 2025, amounted to an annual rate of 0.02% of the fund's average monthly net assets.**

**Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for Class D shares and Class S shares, the fund pays for certain other services. The fund may pay distribution and service fees, expressed as an annual percentage of average monthly net assets for each class of the fund's shares, up to 0.25% for Class D shares and 0.85% (including up to 0.25% for service fees) for Class S shares.**

**Sales charges. Class D shares may be subject to a sales charge of up to 1.50% and Class S shares may be subject to a sales charge of up to 3.50%. Such sales load will be subtracted from the investment amount and will not form part of an investor's investment in the fund. The sales load may be waived in certain circumstances at the Advisor's discretion. During the six months ended April 30, 2025, no sales charges were assessed.**

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**Early repurchase fee. For all share classes, a 2.00% early repurchase fee payable to the fund will be charged with respect to the repurchase of a shareholder's shares at any time prior to the day immediately preceding the one-year anniversary of the shareholder's purchase of the Shares (on a "first in-first out" basis). The early repurchase fee will be retained by the fund for the benefit of the remaining shareholders.**

#### Class level expenses. Class level expenses for the six months ended April 30, 2025 were as follows:

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;&nbsp;**Distribution and service fees** |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Class D | &nbsp;&nbsp;&nbsp;$236 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;219 |
| **Total** | &nbsp;&nbsp;**$455** |

---

#### Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates.
**Co-investment. Pursuant to an Exemptive Order issued by the SEC on September 26, 2022, the fund is permitted to negotiate certain investments with entities with which it would be restricted from doing so under the 1940 Act, such as the Subadvisor and its affiliates. The fund is permitted to co-invest with affiliates if certain conditions are met. Under the order, the fund will be permitted to co-invest with affiliates if a "required majority" (as defined in the 1940 Act) of the fund's independent Trustees make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transactions, including the consideration to be paid, are reasonable and fair to the fund and its shareholders and do not involve overreaching of the fund or its shareholders by any person concerned and (2) the transaction is consistent with the interests of shareholders and is consistent with the fund's investment objective and strategies. During the six months ended April 30, 2025, the fund did not enter into any investments pursuant to this exemptive order.**

#### Note 6 — Fund share transactions
The fund currently accepts purchases of shares as of the last business day of each calendar month. Transactions in fund shares for the six months ended April 30, 2025 and for the year ended October 31, 2024 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 4-30-25** | &nbsp;&nbsp;&nbsp;**Six Months Ended 4-30-25** | &nbsp;&nbsp;&nbsp;**Year Ended 10-31-24** | &nbsp;&nbsp;&nbsp;**Year Ended 10-31-24** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;2486130 | &nbsp;&nbsp;&nbsp;&nbsp;$50819343 | &nbsp;&nbsp;&nbsp;&nbsp;2931140 | &nbsp;&nbsp;&nbsp;&nbsp;$59114692 |
| Issued pursuant to Dividend Reinvestment Plan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1094237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1542329 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(290733) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5935484) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12855) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(260959) |
| **Net increase** | &nbsp;&nbsp;&nbsp;**2249141** | &nbsp;&nbsp;&nbsp;**$45978096** | &nbsp;&nbsp;&nbsp;**2994741** | &nbsp;&nbsp;&nbsp;**$60396062** |
| **Class D shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65000 |
| Issued pursuant to Dividend Reinvestment Plan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617 |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8951** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$183230** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3257** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$66617** |
| **Total net increase** | &nbsp;&nbsp;**2258092** | &nbsp;&nbsp;**$46161326** | &nbsp;&nbsp;**2997998** | &nbsp;&nbsp;**$60462679** |

---

<sup></sup> There was no activity for Class S shares during the six months ended April 30, 2025.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 62

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Affiliates of the fund owned 22%, 17% and 100% of shares of Class I, Class D and Class S, respectively, on April 30, 2025. As of April 30, 2025, the Subadvisor held 22% of the fund (Class I). Such concentration of shareholders' capital could have a material effect on the fund if such shareholders redeem from the fund.

At the sole discretion of the Board of Trustees and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to the shareholders by conducting repurchase offers or take any other action permitted by the tender offer rules under 1934 Act, and described in the written tender offer notice that will be provided to shareholders for each repurchase offer. In determining whether the fund should offer to repurchase shares from shareholders (generally no more than 5% of shares outstanding), the Board of Trustees will consider the recommendations of the Advisor as to the timing of such an offer, as well as a variety of operational, business and economic factors. The Advisor currently expects that it will generally recommend to the Board of Trustees that the fund offer to repurchase shares from shareholders quarterly with tender offer valuation dates occurring on the last business day of March, June, September and December (each, a "Valuation Date"); however, there can be no assurance that any such tender offers will be conducted on a quarterly basis or at all. The fund is not required to conduct tender offers and may be less likely to conduct tenders during periods of exceptional market conditions. The fund conducted two quarterly repurchase offers during the six months ended April 30, 2025. The fund offered to repurchase shares in an amount up to $8,700,000 and $9,100,000 as of the valuation dates for the repurchase offers, December 31, 2024 ($20.32) and March 31, 2025 ($20.42), respectively. $5,935,484 and 290,733 shares for Class I were tendered and accepted by the fund.

#### Note 7 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to $110,494,480 and $76,629,493, respectively, for the six months ended April 30, 2025.

#### Note 8 — Investment by affiliated funds
Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund's net assets. At April 30, 2025, funds within the John Hancock group of funds complex held 27.1% of the fund's net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund's net assets:

---

| | |
|:---|:---|
| **Fund** | &nbsp;&nbsp;&nbsp;**Affiliated Concentration** |
| Manulife Private Credit Plus Fund | &nbsp;&nbsp;27.1% |

---

#### Note 9 — Investments in affiliates
As of April 30, 2025, investments in affiliates consist of the following:

• The fund holds 100% of the profit participating notes issued by JH Aircraft Leasing 4535 (Ireland) Designated Activity Company.

• The fund holds 100% of the limited liability company interests in JH Finance LeaseCo, LLC.

• The fund holds 100% of the limited liability company interests in JH LiftCo, LLC.

• The fund holds 100% of the limited liability company interests in JH REO Trust.

• The fund holds 100% of the beneficial ownership interest in MSN 803 Trust as an owner participant.

Information regarding the funds' fiscal year to date purchases and sales of the affiliated investments as well as income and capital gains earned by the fund, if any, is as follows:

63 JOHN HANCOCK Marathon Asset-Based Lending Fund \|

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| JH Aircraft Leasing 4535 (Ireland) Designated Activity Company | 20897863 | $21420071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(721000) |  | $1437064 |  |  | $22136135 |
| JH Finance LeaseCo LLC | &nbsp;&nbsp;7332249 | &nbsp;&nbsp;&nbsp;&nbsp;7392282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | (22317) | $419932 |  | 7369965 |
| JH Liftco LLC | &nbsp;&nbsp;6845000 | &nbsp;&nbsp;&nbsp;&nbsp;6143962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | 174283 |  |  | 6318245 |
| JH REO Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  |  |  |  | 30000 |
| MSN 803 Trust | &nbsp;&nbsp;7882217 | &nbsp;&nbsp;&nbsp;&nbsp;8326774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(316000) |  | 505961 | 164000 |  | 8516735 |
|  |  |  |  |  | **—** | **$2094991** | **$583932** | **—** | **$44371080** |

---

#### Note 10 — New accounting pronouncement
In this reporting period, the fund adopted Financial Accounting Standards Board Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (ASU 2023-07). Adoption of the new standard impacted financial statement disclosures only and did not affect the fund's financial position or the results of its operations. The management committee of the Advisor acts as the fund's chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. The fund represents a single operating segment, as the CODM monitors and assesses the operating results of the fund as a whole, and the fund's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the fund's subadvisor. Segment assets are reflected in the Consolidated statement of assets and liabilities as "Total assets", which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Consolidated statement of operations, which includes "Increase (decrease) in net assets from operations", Consolidated statements of changes in net assets, which includes "Increase (decrease) in net assets from fund share transactions", and Consolidated financial highlights, which includes total return and income and expense ratios.

\| JOHN HANCOCK Marathon Asset-Based Lending Fund 64

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#### ADDITIONAL INFORMATION

------

Unaudited

The fund is a continuously offered non-diversified, closed-end management investment company, shares of which were initially offered to the public in July 2022.

#### Dividends and distributions
During the six months ended April 30, 2025, distributions from net investment income totaling $0.6007, $0.5753 and $0.5142 per share were paid to shareholders for Class I, Class D and Class S, respectively. The dates of payments and the amounts per share for each class were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Income Distributions:** |  |  |  |
| **Payment Date** | &nbsp;&nbsp;&nbsp;**Class I** | &nbsp;&nbsp;&nbsp;**Class D** | &nbsp;&nbsp;&nbsp;**Class S** |
| January 23, 2025 | &nbsp;&nbsp;$0.3679 | &nbsp;&nbsp;$0.3551 | &nbsp;&nbsp;$0.3243 |
| April 22, 2025 | &nbsp;&nbsp;$0.2328 | &nbsp;&nbsp;$0.2202 | &nbsp;&nbsp;$0.1899 |
| **Total** | &nbsp;&nbsp;**$0.6007** | &nbsp;&nbsp;**$0.5753** | &nbsp;&nbsp;**$0.5142** |

---

#### Shareholder communication and assistance
If you have any questions concerning the fund, we will be pleased to assist you. If you hold shares in your own name and not with a brokerage firm, please address all notices, correspondence, questions or other communications regarding the fund to the transfer agent at:

#### Regular Mail: SS&C GIDS, Inc. 80 Lamberton Road Windsor, Connecticut 06095

#### Registered or Overnight Mail: SS&C GIDS, Inc. 80 Lamberton Road Windsor, Connecticut 06095
If your shares are held with a brokerage firm, you should contact that firm, bank or other nominee for assistance.

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#### EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES

------

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Marathon Asset-Based Lending Fund (the fund) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management, LLC (the Advisor, formerly John Hancock Advisers, LLC) and the Subadvisory Agreement (the Subadvisory Agreement) with Marathon Asset Management LP (the Subadvisor) for the fund. The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the February 5, 2025 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a videoconference meeting held on October 9, 2024. The Trustees who are not "interested persons" of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

#### Approval of Advisory and Subadvisory Agreements
At a meeting held on February 5, 2025, the Board, including the Independent Trustees, reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor, with respect to the fund. In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data (as well as information on the limitations of such comparable data given the structure of the Fund), performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor's revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meeting at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the February and October meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor's affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

#### Approval of Advisory Agreement
In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not

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treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board's conclusions may be based in part on relevant background information obtained in connection with the consideration of the advisory and subadvisory arrangements for other funds in the John Hancock Fund Complex in prior years.

*<u>Nature, extent, and quality of services</u>. Among the information received by the Board from the Advisor relating to the nature, extent and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the fund's Chief Compliance Officer (CCO) regarding the fund's compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund's compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs, and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services to be provided to the fund including entrepreneurial risk in sponsoring funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.*

The Board also considered the differences between the Advisor's services to the fund and the services it provides to other clients that are not closed-end funds, including, for example, the differences in services related to the regulatory and legal obligations of closed-end funds.

In considering the nature, extent and quality of the services to be provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management of other funds in the John Hancock Fund Complex and the quality of the performance of the Advisor's duties with respect to those funds, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of other trusts in the John Hancock Fund Complex.

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the affairs and subadvisory relationships for the fund and for other funds in the John Hancock Fund Complex, the Advisor's oversight and
monitoring of the subadvisor's investment performance and compliance programs, such as the subadvisor's compliance with fund policies and objectives; review of brokerage matters, including with respect to
trade allocation and best execution; and the Advisor's timeliness in responding to performance and other issues;

(b) the background, qualifications, and skills of the Advisor's personnel;

(c) the Advisor's compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor's administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor's oversight of any securities lending activity, its
monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

67 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \|

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(f) the Advisor's initiatives intended to improve various aspects of the fund's operations and investor experience with the fund; and

(g) the Advisor's reputation and experience in serving as an investment advisor to the fund and other funds in the John Hancock Fund Complex, and the benefit to shareholders of investing in funds that
are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

<u>Investment performance</u>. In considering the fund's performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund's performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund's performance;

(b) considered the comparative performance of an applicable benchmark index;;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor's analysis of the fund's performance and its plans and recommendations regarding the Trust's subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on, for example, the end date selected and the structure and specific investment strategies of the peer funds. The Board noted that the fund outperformed its benchmark index for the one-year period ended September 30, 2024, and for the period since inception. The Board also noted that the fund underperformed its peer group median for the one-year period ended September 30, 2024, and for the period since inception. The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period ended September 30, 2024, and for the period since inception. The Board also took into account management's discussion of the factors that contributed to the fund's performance relative to its peer group median for the one-year period ended September 30, 2024, and for the period since inception. The Board concluded that the fund's performance has generally been in line with or outperformed the historical performance of the fund's benchmark index. The Board noted the relatively recent inception period of the fund.

*<u>Fees and expenses</u>. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund's contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund, in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund's ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund's ranking within a broader group of funds. The Board considered the limitations on the data presented in light of, for example, the structure and specific investment strategies of peers. In comparing the fund's contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that contractual management fees are higher than the average, and that net total expenses for the fund are lower than the peer group median.*

The Board also took into account management's discussion with respect to the management fee and the fees of the Subadvisor, including the amount of the advisory fee to be retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board noted that the Advisor receives a management fee from the fund consisting of two components—a base management fee and an incentive fee, and that the Advisor pays the full amount of the incentive fee and a portion of the based management fee to the Subadvisor. The Board considered that, to the

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extent the incentive fee is earned and paid, the incentive fee would effectively result in a higher rate of total compensation from the fund to the Advisor than the base-management fee rate stated in the Advisory Agreement. The Board also noted that the Advisor, and not the fund, would be responsible for paying the subadvisory fees and that such fees are negotiated at arm's length with respect to the Subadvisor. The Board also took into account that management has agreed to implement an overall fee waiver across a number of funds in the John Hancock Fund Complex, including the fund, which is discussed further below.

The Board concluded that the advisory fees to be paid by the fund are reasonable in light of the nature, extent and quality of the services expected to be provided to the fund under the Advisory Agreement.

*<u>Profitability/Fall out benefits</u>. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor's relationship with the fund, the Board:*

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor's allocation methodologies used in preparing the profitability data;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the fund directly or through their separate accounts, receive certain tax credits or deductions relating to
foreign taxes paid and dividends received by certain funds of the fund and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are
reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide distribution services to the fund, and that the fund's distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm's length; and

(j) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including
entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the projected level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

*<u>Economies of scale.</u> In considering the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:*

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise
reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. This waiver is allocated proportionally among the
participating portfolios;

69 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \|

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(b) reviewed the advisory fee structure for the fund and concluded that although economies of scale cannot be measured with precision, these arrangements will permit shareholders of the fund to benefit from economies of
scale if the fund grows. The Board also took into account management's discussion of the fund's advisory fee structure, including incentive fee; and

(c) the Board also considered the potential effect of the fund's future growth in size on its performance and fees. The Board also noted that if the fund's assets increase over time, the fund
may realize other economies of scale.

#### Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(a) information relating to the Subadvisor's business;

(b) the performance of comparable funds, as applicable, managed by the fund's Subadvisor;

(c) the subadvisory fee for the fund, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(d) Information relating to the nature and scope of any material relationships and their significance to the fund's Advisor and Subadvisor.

*<u>Nature, extent, and quality of services</u>. With respect to the services provided by the Subadvisor, the Board received and reviewed information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV. The Board considered the Subadvisor's current level of staffing and its overall resources, as well as considered information relating to the Subadvisor's compensation program. The Board reviewed the Subadvisor's history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor's investment and compliance personnel who provide services to the fund. The Board considered, among other things, the Subadvisor's compliance program and any disciplinary history. The Board also considered the Subadvisor's risk assessment and monitoring process. The Board reviewed the Subadvisor's regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular periodic reviews of the Subadvisor and its operations in regard to the fund, including regarding investment processes and organizational and staffing matters. The Board also noted that the fund's CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.*

The Board considered the Subadvisor's investment process and philosophy. The Board took into account that the Subadvisor's responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund's investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor's brokerage policies and practices, including with respect to best execution and soft dollars.

*<u>Subadvisor compensation</u>. In considering the cost of services provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.*

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm's length. As a result, the costs of the services provided and the profits realized by the Subadvisor from its relationship with the fund were not a factor in the Board's consideration of the Subadvisory Agreement.

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The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

*<u>Subadvisory fees.</u>The Board considered that the fund pays an advisory fee to the Advisor, consisting of a base management fee and an incentive fee, and that, in turn, the Advisor pays the full amount of the incentive fee to the Subadvisor and a portion of the based management fee. The Board considered that, to the extent the incentive fee is earned and paid to the Subadvisor, the incentive fee effectively results in a higher rate of total compensation from the Advisor to the Subadvisor than the base-management fee rate stated in the Subadvisory Agreement. As noted above, the Board also considered the fund's subadvisory fee, including the incentive fee, as compared to the Subadvisor's similarly situated investment companies deemed to be comparable to the fund, as applicable.*

*<u>Subadvisor performance.</u> As noted above, the Board considered the fund's performance as compared to the fund's peer group median and the benchmark index and noted that the Board reviews information about the fund's performance results at its regularly scheduled meetings. The Board also noted that it reviews at its regularly scheduled meetings information about the performance of other funds managed by the Advisor. The Board noted the Advisor's expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor's focus on the Subadvisor's performance. The Board also noted the Subadvisor's long-term performance record for similar accounts, as applicable.*

The Board's decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager, and may reasonably be expected to provide a high quality of investment management services to the fund;

(2) the performance of the fund has generally been in line with or outperformed the fund's benchmark index;

(3) the subadvisory fees are reasonable in relation to the level and quality of services provided under the Subadvisory Agreement; and

(4) that the subadvisory fees are paid by the Advisor not the fund.

\* \* \*

Based on the Board's evaluation of all factors that the Board deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, concluded that approval of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

71 JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND \|

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More information

#### Trustees
Hassell H. McClellan, Chairperson\*

Andrew G. Arnott<sup>†</sup>

William H. Cunningham\*

Grace K. Fey\*

#### Officers
Andrew G. Arnott<sup>†</sup>

*President*

Fernando A. Silva<sup>‡</sup>

*Chief Financial Officer*

Salvatore Schiavone

*Treasurer*

Christopher (Kit) Sechler

*Secretary and Chief Legal Officer*

Trevor Swanberg

*Chief Compliance Officer*

#### Investment advisor
John Hancock Investment Management LLC

#### Subadvisor
Marathon Asset Management LP

#### Portfolio Managers
Ed Cong

Louis Hanover

Andrew Springer

#### Principal distributor
John Hancock Investment Management Distributors LLC

#### Custodian
State Street Bank and Trust Company

#### Transfer agent
SS&C GIDS, Inc.

#### Legal counsel
K&L Gates LLP

<sup>\*</sup> Member of the Audit Committee

<sup>†</sup> Non-Independent Trustee

‡ Effective July 1, 2024.

The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund's holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund's Form N-PORT filings are available on our website and the SEC's website, sec.gov.

We make this information on your fund, as well as **monthly portfolio holdings**, and other fund details available on our website at jhinvestments.com or by calling 800-225-6020.

The report is certified under the Sarbanes-Oxley Act, which requires closed-end funds and other public companies to affirm that, to the best of their knowledge, the information in their financial reports is fairly and accurately stated in all material respects.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;You can also contact us: |  |  |
| &nbsp;&nbsp;**844-292-8018** | &nbsp;&nbsp;**Regular mail:** | &nbsp;&nbsp;**Express mail:** |
| &nbsp;&nbsp;**jhinvestments.com** | &nbsp;&nbsp;John Hancock Alt<br> P.O. Box 219285<br> Kansas City, MO 64121-9285 | &nbsp;&nbsp;John Hancock Alt<br> 801 Pennsylvania Ave, Suite 219285<br> Kansas City, MO 64105-1307 |

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\| JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND 72

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![](img94894ffe7.jpg)

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC

200 Berkeley Street, Boston, MA 02116-5010, 800-225-6020, jhinvestments.com

Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

This report is for the information of the shareholders of John Hancock Marathon Asset-Based Lending Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF4442967 P16SA 4/25

06/25

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ITEM 2. CODE OF ETHICS.

Item is not applicable at this time.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Item is not applicable at this time.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Item is not applicable at this time.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Item is not applicable at this time.

ITEM 6. SCHEDULE OF INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Refer to information included in Item 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Not applicable.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES. Not applicable.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT. Information included in Item 1, if applicable.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Item is not applicable at this time

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

(a)Item is not applicable at this time

(b)Item is not applicable at this time

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

(a)Not applicable.

(b)Not applicable.

ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No material changes.

ITEM 16. CONTROLS AND PROCEDURES.

(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.

ITEM 19. EXHIBITS.

(a)(1) Not applicable.

(a)(2) Not applicable.

[(a)(3) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.](f42425d2.htm)

[(b) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.](f42425d3.htm)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Marathon Asset-Based Lending Fund

<sup>By:</sup> /s/ Andrew G. Arnott

------------------------------

Andrew G. Arnott

President, Principal Executive Officer

Date: June 26, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/ Andrew G. Arnott

------------------------------

Andrew G. Arnott

President, Principal Executive Officer

Date: June 26, 2025

By:

/s/ Fernando A. Silva

---------------------------

Fernando A. Silva

Chief Financial Officer, Principal Financial Officer

Date: June 26, 2025

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## Ex-99.(A)(3)

<u>CERTIFICATION</u>

I, **Andrew G. Arnott**, certify that:

1. I have reviewed this report on Form N-CSR of **John Hancock Marathon Asset-Based Lending Fund**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 26, 2025

<u>/s/ Andrew G. Arnott</u> Andrew G. Arnott

President, Principal Executive Officer

<u>CERTIFICATION</u>

I, **Fernando A. Silva**, certify that:

1. I have reviewed this report on Form N-CSR of **John Hancock Marathon Asset-Based Lending Fund**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statement was made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 26, 2025

<u>/s/ Fernando A. Silva</u> Fernando A. Silva

Chief Financial Officer, Principal Financial Officer

## Ex-99.(B)

**Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\***

In connection with the attached Report of **John Hancock Marathon Asset-Based Lending Fund** (the "registrant") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the registrant does hereby certify that, to the best of such officer's knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant as of, and for, the periods presented in the Report.

/s/ Andrew G. Arnott

--------------------------------

Andrew G. Arnott

President, Principal Executive Officer

Dated: June 26, 2025

/s/ Fernando A. Silva

-------------------------------

Fernando A. Silva

Chief Financial Officer, Principal Financial Officer

Dated: June 26, 2025

A signed original of this written statement, required by Section 906, has been provided to the registrant and will be retained by the registrant and furnished to the Securities and Exchange Commission or its staff upon request.

\*These certifications are being furnished solely pursuant to 18 U.S.C. Section 1350 and are not being filed as part of this Form N-CSR or as a separate disclosure document.