# EDGAR Filing Document

**Accession Number:** 0000792858
**File Stem:** 0001683863-23-000121
**Filing Date:** 2023-1
**Character Count:** 658366
**Document Hash:** 3a9858e382c3c7e5174efda0ade05f9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000121.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001683863-23-000121

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK STRATEGIC SERIES
- **CENTRAL INDEX KEY:** 0000792858
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04651
- **FILM NUMBER:** 23530697

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN STRATEGIC SERIES
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN HIGH INCOME TRUST
- **DATE OF NAME CHANGE:** 19911118

## Series and Classes Contracts Data

### John Hancock Income Fund (Series ID: S000000648)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000001863 | Class A      | JHFIX           |
| C000001865 | Class C      | JSTCX           |
| C000001866 | Class I      | JSTIX           |
| C000078712 | Class R4     | JSNFX           |
| C000078713 | Class R5     | JSNVX           |
| C000106430 | Class R6     | JSNWX           |
| C000113489 | Class R2     | JSNSX           |

### John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (Series ID: S000065848)

| Class ID   | Class Name                                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000212730 | John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio | JMABX           |

### John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (Series ID: S000065849)

| Class ID   | Class Name                                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000212731 | John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | JMADX           |

### John Hancock Managed Account Shares Securitized Debt Portfolio (Series ID: S000065850)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000212732 | John Hancock Managed Account Shares Securitized Debt Portfolio | JMAEX           |

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 <u>811- 04651</u>

<u>John Hancock Strategic Series</u> (Exact name of registrant as specified in charter)

<u>200 Berkeley Street, Boston, Massachusetts 02116</u> (Address of principal executive offices) (Zip code)

Salvatore Schiavone

Treasurer

200 Berkeley Street

<u>Boston, Massachusetts 02116</u>

(Name and address of agent for service) Registrant's telephone number, including area code: 617-543-9634

Date of fiscal year end: May 31 <br> Date of reporting period: November 30, 2022

------

ITEM 1. REPORTS TO STOCKHOLDERS.

The Registrant prepared the following semiannual reports to shareholders for the period ended November 30, 2022:

John Hancock Income Fund

John Hancock Managed Account Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•John Hancock Managed Account Shares Securitized Debt Portfolio

------

![](img46d8ab081.gif)

![](img638081f92.gif)

Semiannual report

## John Hancock

## Income Fund
Fixed income

November 30, 2022

![](imga19a35d33.gif)

------

A *message* to shareholders

![](imgae28f2d94.gif)

Dear shareholder,

U.S. bonds declined during the six months ended November 30, 2022, as bond yields rose to their highest levels in more than a decade. The catalyst was surging inflation, driven largely by rising food and energy prices. The U.S. Federal Reserve continued its inflation-fighting campaign by raising short-term interest rates four times during the period, boosting the federal funds rate target to its highest level since January 2008.

In this environment, bond yields moved broadly higher, with the 10-year U.S. Treasury bond yield cresting above 4% for the first time since 2008. In terms of sector performance, residential mortgage-backed securities and investment-grade corporate bonds declined the most, while high-yield corporate bonds and asset-backed securities held up the best.

In these uncertain times, your financial professional can assist with positioning your portfolio so that it's sufficiently diversified to help meet your long-term objectives and to withstand the inevitable bouts of market volatility along the way.

On behalf of everyone at John Hancock Investment Management, I'd like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you've placed in us.

Sincerely,

![](img2770c4055.jpg)

#### Andrew G. Arnott
Global Head of Retail,

Manulife Investment Management

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO's views as of this report's period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

------

John Hancock

Income Fund

Table of contents

---

| | |
|:---|:---|
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;[Your fund at a glance](#xx_fe6d67b1-f91b-4779-81c9-9c12a42736f9_1) |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;[Portfolio summary](#xx_5e0594b7-4409-4a47-98c1-204198a0c469_1) |
| &nbsp;&nbsp;**5** | &nbsp;&nbsp;[Your expenses](#xx_af70a1ac-0597-4cf5-9c40-bbeafab716e5_1) |
| &nbsp;&nbsp;**7** | &nbsp;&nbsp;[Fund's investments](#xx_46d12b83-04ec-49bf-adbf-8a7e31180910_1) |
| **31** | &nbsp;&nbsp;[Financial statements](#xx_2477b6a9-0cc4-4e28-aa70-61d2022bd1b4_1) |
| **35** | &nbsp;&nbsp;[Financial highlights](#xx_0601c81f-be22-4bf2-a48e-a8304053290e_1) |
| **42** | &nbsp;&nbsp;[Notes to financial statements](#xx_4bf0a49d-9695-4c61-85a4-85a0ca1fb123_1) |
| **55** | &nbsp;&nbsp;[Shareholder meeting](#xx_54374025-3ae4-495b-8b01-d9dba5f4fade_1) |
| **56** | &nbsp;&nbsp;[Evaluation of advisory and subadvisory agreements by the Board of Trustees](#xx_0cce589f-3c27-4127-941e-e389c94a6539_1) |
| **63** | &nbsp;&nbsp;[More information](#xx_461617e0-e5c8-45d6-840f-ac589e2cf425_1) |

---

SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 1

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Your fund at a glance

#### INVESTMENT OBJECTIVE

------

The fund seeks a high level of current income.

#### AVERAGE ANNUAL TOTAL RETURNS AS OF 11/30/2022 (%)

------

![](img0569dba56.gif)

The Bloomberg U.S. Aggregate Bond Index tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets.

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 fund's Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.

**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 800-225-5291. For further information on the fund's objectives, risks, and strategy, see the fund's prospectus.**

2 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Portfolio summary

#### PORTFOLIO COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](imgf872d77b7.gif)

#### QUALITY COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](imgf4d7fe7e8.gif)

Ratings are from Moody's Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. "Not rated" securities are those with no ratings available from these agencies. All ratings are as of 11-30-22 and do not reflect subsequent downgrades or upgrades, if any.

SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 3

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | |
|:---|:---|
| **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** | **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;62.5 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 |
| Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.0 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| Supranational | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 |
| New Zealand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;14.8 |
| **TOTAL** | &nbsp;&nbsp;**100.0** |

---

#### Notes about risk
The fund is subject to various risks as described in the fund's prospectus. Political tensions and armed conflicts, including the Russian invasion of Ukraine, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect fund performance. For more information, please refer to the "Principal risks" section of the prospectus.

4 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

#### Understanding fund expenses
As a shareholder of the fund, you incur two types of costs:

■**Transaction costs,** which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

■**Ongoing operating expenses,** including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

#### Actual expenses/actual returns
The first line of each share class in the table on the following page is intended to provide information about the fund's actual ongoing operating expenses, and is based on the fund's actual return. It assumes an account value of $1,000.00 on June 1, 2022, with the same investment held until November 30, 2022.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at November 30, 2022, by $1,000.00, then multiply it by the "expenses paid" for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

![](imgd33f39e09.gif)

#### Hypothetical example for comparison purposes
The second line of each share class in the table on the following page allows you to compare the fund's ongoing operating expenses with those of any other fund. It provides an example of the fund's hypothetical account values and hypothetical expenses based on each class's actual expense ratio and an assumed 5% annualized return before expenses (which is not the class's actual return). It assumes an account value of $1,000.00 on June 1, 2022, with the same investment held until November 30, 2022. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 5

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.

#### SHAREHOLDER EXPENSE EXAMPLE CHART

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Account<br> value on<br> 6-1-2022** | **Ending<br> value on<br> 11-30-2022** | **Expenses<br> paid during<br> period ended<br> 11-30-2022<sup>1</sup>** | **Annualized<br> expense<br> ratio** |
| **Class A** | Actual expenses/actual returns | $1000.00 | &nbsp;&nbsp;$968.80 | $4.05 | 0.82% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1021.00 | &nbsp;&nbsp;&nbsp;4.15 | 0.82% |
| **Class C** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;965.40 | &nbsp;&nbsp;&nbsp;7.49 | 1.52% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1017.40 | &nbsp;&nbsp;&nbsp;7.69 | 1.52% |
| **Class I** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;970.20 | &nbsp;&nbsp;&nbsp;2.57 | 0.52% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1022.50 | &nbsp;&nbsp;&nbsp;2.64 | 0.52% |
| **Class R2** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;968.30 | &nbsp;&nbsp;&nbsp;4.44 | 0.90% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1020.60 | &nbsp;&nbsp;&nbsp;4.56 | 0.90% |
| **Class R4** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;969.60 | &nbsp;&nbsp;&nbsp;3.26 | 0.66% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1021.80 | &nbsp;&nbsp;&nbsp;3.35 | 0.66% |
| **Class R5** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;970.50 | &nbsp;&nbsp;&nbsp;2.27 | 0.46% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1022.80 | &nbsp;&nbsp;&nbsp;2.33 | 0.46% |
| **Class R6** | Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;970.80 | &nbsp;&nbsp;&nbsp;2.03 | 0.41% |
|  | Hypothetical example | &nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;1023.00 | &nbsp;&nbsp;&nbsp;2.08 | 0.41% |

---

<sup>1</sup> Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

6 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Fund's investments

#### AS OF 11-30-22 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **U.S. Government and Agency obligations 14.3%** | **U.S. Government and Agency obligations 14.3%** | **U.S. Government and Agency obligations 14.3%** |  |  | &nbsp;&nbsp;**$265084621** |
| (Cost $281,055,615) |  |  |  |  |  |
| **U.S. Government 10.8%** | **U.S. Government 10.8%** |  |  |  | &nbsp;&nbsp;**200060544** |
| U.S. Treasury |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-50 |  | &nbsp;&nbsp;&nbsp;&nbsp;15390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10512693 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-42 |  | &nbsp;&nbsp;&nbsp;&nbsp;17275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13438735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-42 |  | &nbsp;&nbsp;&nbsp;&nbsp;6190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5083296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-49 |  | &nbsp;&nbsp;&nbsp;&nbsp;22685000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19245919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-52 |  | &nbsp;&nbsp;&nbsp;&nbsp;5490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-28-26 |  | &nbsp;&nbsp;&nbsp;&nbsp;1535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1370527 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-31-27 |  | &nbsp;&nbsp;&nbsp;&nbsp;16290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14783175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-32 |  | &nbsp;&nbsp;&nbsp;&nbsp;59568000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51293610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-31-29 |  | &nbsp;&nbsp;&nbsp;&nbsp;5865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5397404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-31-27 |  | &nbsp;&nbsp;&nbsp;&nbsp;4895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4645852 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-32 |  | &nbsp;&nbsp;&nbsp;&nbsp;20690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19164113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-32 |  | &nbsp;&nbsp;&nbsp;&nbsp;53795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50424407 |
| **U.S. Government Agency 3.5%** | **U.S. Government Agency 3.5%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**65024077** |
| Federal Home Loan Mortgage Corp.<br> 30 Yr Pass Thru | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-01-52 |  | &nbsp;&nbsp;6713309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6544989 |
| Federal National Mortgage Association |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-01-52 |  | &nbsp;&nbsp;&nbsp;&nbsp;10426599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10223826 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TBA |  | &nbsp;&nbsp;&nbsp;&nbsp;20440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20350565 |
| &nbsp;&nbsp;&nbsp;&nbsp;30 Yr Pass Thru (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TBA |  | &nbsp;&nbsp;&nbsp;&nbsp;27590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27904697 |
| **Foreign government obligations 23.5%** | **Foreign government obligations 23.5%** |  |  |  | **$435156725** |
| (Cost $493,196,159) |  |  |  |  |  |
| **Australia 1.6%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30177608** |
| Commonwealth of Australia | &nbsp;&nbsp;&nbsp;&nbsp;0.250 | &nbsp;&nbsp;11-21-24 | &nbsp;&nbsp;AUD | 16225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10421384 |
| Commonwealth of Australia | &nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;09-21-26 | &nbsp;&nbsp;AUD | 3560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2185808 |
| Commonwealth of Australia | &nbsp;&nbsp;&nbsp;&nbsp;1.000 | &nbsp;&nbsp;12-21-30 | &nbsp;&nbsp;AUD | 4435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2491395 |
| Commonwealth of Australia | &nbsp;&nbsp;&nbsp;&nbsp;1.000 | &nbsp;&nbsp;11-21-31 | &nbsp;&nbsp;AUD | 4555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2498252 |
| New South Wales Treasury Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.250 | &nbsp;&nbsp;03-20-25 | &nbsp;&nbsp;AUD | 3440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222959 |
| New South Wales Treasury Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;05-20-27 | &nbsp;&nbsp;AUD | 11090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7331149 |
| Queensland Treasury Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;08-20-27 | &nbsp;&nbsp;AUD | 4645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3026661 |
| **Austria 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1447591** |
| Republic of Austria (B) | &nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;02-20-29 | &nbsp;&nbsp;&nbsp;EUR | 1550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1447591 |
| **Brazil 0.8%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13912534** |
| Federative Republic of Brazil | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;01-01-23 | &nbsp;&nbsp;&nbsp;BRL | 15845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3161125 |
| Federative Republic of Brazil | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;01-01-25 | &nbsp;&nbsp;&nbsp;BRL | 43110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8203806 |
| Federative Republic of Brazil | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;01-01-27 | &nbsp;&nbsp;&nbsp;BRL | 13815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2547603 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 7

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Canada 2.9%** |  |  |  |  | &nbsp;&nbsp;**$54638579** |
| Canada Housing Trust No. 1 (B) | &nbsp;&nbsp;&nbsp;&nbsp;1.250 | &nbsp;&nbsp;06-15-26 | &nbsp;&nbsp;CAD | 7400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5063676 |
| Canada Housing Trust No. 1 (B) | &nbsp;&nbsp;&nbsp;&nbsp;1.950 | &nbsp;&nbsp;12-15-25 | &nbsp;&nbsp;CAD | 2565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1806474 |
| CPPIB Capital, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;2.250 | &nbsp;&nbsp;12-01-31 | &nbsp;&nbsp;CAD | 3210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2109749 |
| Government of Canada | &nbsp;&nbsp;&nbsp;&nbsp;2.250 | &nbsp;&nbsp;03-01-24 | &nbsp;&nbsp;CAD | 12840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9337123 |
| Province of Alberta | &nbsp;&nbsp;&nbsp;&nbsp;2.550 | &nbsp;&nbsp;06-01-27 | &nbsp;&nbsp;CAD | 6595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4691537 |
| Province of Alberta | &nbsp;&nbsp;&nbsp;&nbsp;3.400 | &nbsp;&nbsp;12-01-23 | &nbsp;&nbsp;CAD | 9000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6629216 |
| Province of British Columbia | &nbsp;&nbsp;&nbsp;&nbsp;2.850 | &nbsp;&nbsp;06-18-25 | &nbsp;&nbsp;CAD | 3408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2469194 |
| Province of Ontario | &nbsp;&nbsp;&nbsp;&nbsp;1.350 | &nbsp;&nbsp;12-02-30 | &nbsp;&nbsp;CAD | 14635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9138294 |
| Province of Ontario | &nbsp;&nbsp;&nbsp;&nbsp;2.900 | &nbsp;&nbsp;06-02-28 | &nbsp;&nbsp;CAD | 4350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3125506 |
| Province of Ontario | &nbsp;&nbsp;&nbsp;&nbsp;3.450 | &nbsp;&nbsp;06-02-45 | &nbsp;&nbsp;CAD | 3895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2626472 |
| Province of Quebec | &nbsp;&nbsp;&nbsp;&nbsp;0.200 | &nbsp;&nbsp;04-07-25 | &nbsp;&nbsp;&nbsp;EUR | 2695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2640275 |
| Province of Quebec | &nbsp;&nbsp;&nbsp;&nbsp;1.500 | &nbsp;&nbsp;12-15-23 | &nbsp;&nbsp;&nbsp;GBP | 2037000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2391017 |
| Province of Quebec | &nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;09-01-24 | &nbsp;&nbsp;CAD | 3530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2610046 |
| **China 0.9%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**17178293** |
| People's Republic of China | &nbsp;&nbsp;&nbsp;&nbsp;1.990 | &nbsp;&nbsp;04-09-25 | &nbsp;&nbsp;CNY | 34810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4816881 |
| People's Republic of China | &nbsp;&nbsp;&nbsp;&nbsp;2.690 | &nbsp;&nbsp;08-12-26 | &nbsp;&nbsp;CNY | 21230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2981284 |
| People's Republic of China | &nbsp;&nbsp;&nbsp;&nbsp;2.880 | &nbsp;&nbsp;11-05-23 | &nbsp;&nbsp;CNY | 66520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9380128 |
| **Colombia 0.6%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**10454984** |
| Republic of Colombia | &nbsp;&nbsp;&nbsp;&nbsp;3.250 | &nbsp;&nbsp;04-22-32 |  | 4315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3073074 |
| Republic of Colombia | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;03-15-29 |  | 1120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954000 |
| Republic of Colombia | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;02-26-44 |  | 1120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797138 |
| Republic of Colombia | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;11-26-25 | &nbsp;&nbsp;COP | 7819040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1377435 |
| Republic of Colombia | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;07-24-24 | &nbsp;&nbsp;COP | 21129300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4253337 |
| **Finland 0.2%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2989490** |
| Republic of Finland (B) | &nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;09-15-28 | &nbsp;&nbsp;&nbsp;EUR | 3180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989490 |
| **India 0.3%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5589853** |
| Export-Import Bank of India (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;02-01-28 |  | 3075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2838542 |
| Republic of India | &nbsp;&nbsp;&nbsp;&nbsp;6.100 | &nbsp;&nbsp;07-12-31 | &nbsp;&nbsp;&nbsp;INR | 166260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1888094 |
| Republic of India | &nbsp;&nbsp;&nbsp;&nbsp;7.270 | &nbsp;&nbsp;04-08-26 | &nbsp;&nbsp;&nbsp;INR | 69990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863217 |
| **Indonesia 2.6%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**48778681** |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;1.100 | &nbsp;&nbsp;03-12-33 | &nbsp;&nbsp;&nbsp;EUR | 1191000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901093 |
| Republic of Indonesia (B) | &nbsp;&nbsp;&nbsp;&nbsp;2.150 | &nbsp;&nbsp;07-18-24 | &nbsp;&nbsp;&nbsp;EUR | 3335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3388295 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;3.050 | &nbsp;&nbsp;03-12-51 |  | 4315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3061939 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;3.550 | &nbsp;&nbsp;03-31-32 |  | 3440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3104911 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;3.850 | &nbsp;&nbsp;10-15-30 |  | 1650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545993 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-15-27 | &nbsp;&nbsp;&nbsp;IDR | 30632000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851063 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;05-15-28 | &nbsp;&nbsp;&nbsp;IDR | 53219000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3276915 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;6.375 | &nbsp;&nbsp;04-15-32 | &nbsp;&nbsp;&nbsp;IDR | 111122000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6782736 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;06-15-25 | &nbsp;&nbsp;&nbsp;IDR | 154471000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9846935 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;05-15-33 | &nbsp;&nbsp;&nbsp;IDR | 30647000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1889269 |
| Republic of Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-15-35 | &nbsp;&nbsp;&nbsp;IDR | 19373000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1271501 |

---

8 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Indonesia (continued)** |  |  |  |  |  |
| Republic of Indonesia | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;IDR | 15237000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$998254 |
| Republic of Indonesia | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;05-15-24 | &nbsp;&nbsp;&nbsp;&nbsp;IDR | 33251000000 | &nbsp;&nbsp;&nbsp;&nbsp;2173897 |
| Republic of Indonesia | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;09-15-26 | &nbsp;&nbsp;&nbsp;&nbsp;IDR | 49203000000 | &nbsp;&nbsp;&nbsp;&nbsp;3324834 |
| Republic of Indonesia | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;05-15-31 | &nbsp;&nbsp;&nbsp;&nbsp;IDR | 48811000000 | &nbsp;&nbsp;&nbsp;&nbsp;3462149 |
| Republic of Indonesia | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;03-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;IDR | 26967000000 | &nbsp;&nbsp;&nbsp;&nbsp;1898897 |
| **Ireland 0.5%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**8449209** |
| Republic of Ireland | &nbsp;&nbsp;0.200 | &nbsp;&nbsp;05-15-27 | &nbsp;&nbsp;&nbsp;EUR | 3850000 | &nbsp;&nbsp;&nbsp;&nbsp;3674365 |
| Republic of Ireland | &nbsp;&nbsp;0.350 | &nbsp;&nbsp;10-18-32 | &nbsp;&nbsp;&nbsp;EUR | 2025000 | &nbsp;&nbsp;&nbsp;&nbsp;1738088 |
| Republic of Ireland | &nbsp;&nbsp;1.100 | &nbsp;&nbsp;05-15-29 | &nbsp;&nbsp;&nbsp;EUR | 3130000 | &nbsp;&nbsp;&nbsp;&nbsp;3036756 |
| **Israel 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**1767654** |
| State of Israel | &nbsp;&nbsp;2.500 | &nbsp;&nbsp;01-15-30 |  | 1985000 | &nbsp;&nbsp;&nbsp;&nbsp;1767654 |
| **Italy 0.5%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**8683072** |
| Republic of Italy (B) | &nbsp;&nbsp;0.600 | &nbsp;&nbsp;08-01-31 | &nbsp;&nbsp;&nbsp;EUR | 2105000 | &nbsp;&nbsp;&nbsp;&nbsp;1695313 |
| Republic of Italy | &nbsp;&nbsp;1.250 | &nbsp;&nbsp;02-17-26 |  | 3387000 | &nbsp;&nbsp;&nbsp;&nbsp;2921674 |
| Republic of Italy (B) | &nbsp;&nbsp;1.850 | &nbsp;&nbsp;07-01-25 | &nbsp;&nbsp;&nbsp;EUR | 4010000 | &nbsp;&nbsp;&nbsp;&nbsp;4066085 |
| **Japan 1.0%** |  |  |  |  | &nbsp;&nbsp;**18769147** |
| Government of Japan | &nbsp;&nbsp;0.005 | &nbsp;&nbsp;03-20-27 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | 645000000 | &nbsp;&nbsp;&nbsp;&nbsp;4657432 |
| Government of Japan | &nbsp;&nbsp;0.100 | &nbsp;&nbsp;12-20-23 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | 1945000000 | &nbsp;&nbsp;&nbsp;14111715 |
| **Malaysia 1.1%** |  |  |  |  | &nbsp;&nbsp;**20799501** |
| Government of Malaysia | &nbsp;&nbsp;3.733 | &nbsp;&nbsp;06-15-28 | &nbsp;&nbsp;&nbsp;MYR | 11880000 | &nbsp;&nbsp;&nbsp;&nbsp;2632410 |
| Government of Malaysia | &nbsp;&nbsp;3.828 | &nbsp;&nbsp;07-05-34 | &nbsp;&nbsp;&nbsp;MYR | 16630000 | &nbsp;&nbsp;&nbsp;&nbsp;3564768 |
| Government of Malaysia | &nbsp;&nbsp;3.844 | &nbsp;&nbsp;04-15-33 | &nbsp;&nbsp;&nbsp;MYR | 14961000 | &nbsp;&nbsp;&nbsp;&nbsp;3233816 |
| Government of Malaysia | &nbsp;&nbsp;3.882 | &nbsp;&nbsp;03-14-25 | &nbsp;&nbsp;&nbsp;MYR | 9635000 | &nbsp;&nbsp;&nbsp;&nbsp;2169777 |
| Government of Malaysia | &nbsp;&nbsp;3.899 | &nbsp;&nbsp;11-16-27 | &nbsp;&nbsp;&nbsp;MYR | 16709000 | &nbsp;&nbsp;&nbsp;&nbsp;3750624 |
| Government of Malaysia | &nbsp;&nbsp;3.900 | &nbsp;&nbsp;11-30-26 | &nbsp;&nbsp;&nbsp;MYR | 8610000 | &nbsp;&nbsp;&nbsp;&nbsp;1932582 |
| Government of Malaysia | &nbsp;&nbsp;4.059 | &nbsp;&nbsp;09-30-24 | &nbsp;&nbsp;&nbsp;MYR | 15500000 | &nbsp;&nbsp;&nbsp;&nbsp;3515524 |
| **Mexico 1.6%** |  |  |  |  | &nbsp;&nbsp;**30248834** |
| Government of Mexico | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-06-25 | &nbsp;&nbsp;MXN | 153690000 | &nbsp;&nbsp;&nbsp;&nbsp;7135345 |
| Government of Mexico | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;03-05-26 | &nbsp;&nbsp;MXN | 113380000 | &nbsp;&nbsp;&nbsp;&nbsp;5240431 |
| Government of Mexico | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-03-27 | &nbsp;&nbsp;MXN | 202360000 | &nbsp;&nbsp;&nbsp;&nbsp;9758988 |
| Government of Mexico | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;05-29-31 | &nbsp;&nbsp;MXN | 172250000 | &nbsp;&nbsp;&nbsp;&nbsp;8114070 |
| **Netherlands 0.2%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**3196440** |
| Kingdom of the Netherlands (B) | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;07-15-24 | &nbsp;&nbsp;&nbsp;EUR | 3076000 | &nbsp;&nbsp;&nbsp;&nbsp;3196440 |
| **New Zealand 1.5%** |  |  |  |  | &nbsp;&nbsp;**28573545** |
| Government of New Zealand | &nbsp;&nbsp;0.500 | &nbsp;&nbsp;05-15-24 | &nbsp;&nbsp;&nbsp;NZD | 12820000 | &nbsp;&nbsp;&nbsp;&nbsp;7608451 |
| Government of New Zealand | &nbsp;&nbsp;0.500 | &nbsp;&nbsp;05-15-26 | &nbsp;&nbsp;&nbsp;NZD | 13985000 | &nbsp;&nbsp;&nbsp;&nbsp;7713433 |
| Government of New Zealand | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-15-27 | &nbsp;&nbsp;&nbsp;NZD | 13590000 | &nbsp;&nbsp;&nbsp;&nbsp;8615633 |
| New Zealand Local Government Funding Agency | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;04-15-26 | &nbsp;&nbsp;&nbsp;NZD | 3340000 | &nbsp;&nbsp;&nbsp;&nbsp;1877258 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 9

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **New Zealand (continued)** |  |  |  |  |  |
| New Zealand Local Government Funding Agency | &nbsp;&nbsp;2.250 | &nbsp;&nbsp;04-15-24 | &nbsp;&nbsp;&nbsp;NZD | 3100000 | &nbsp;&nbsp;&nbsp;$1874780 |
| New Zealand Local Government Funding Agency | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-15-27 | &nbsp;&nbsp;&nbsp;NZD | 1425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883990 |
| **Norway 1.7%** |  |  |  |  | &nbsp;&nbsp;**31938163** |
| Kingdom of Norway (B) | &nbsp;&nbsp;1.375 | &nbsp;&nbsp;08-19-30 | &nbsp;&nbsp;&nbsp;NOK | 31485000 | &nbsp;&nbsp;&nbsp;&nbsp;2819279 |
| Kingdom of Norway (B) | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;02-19-26 | &nbsp;&nbsp;&nbsp;NOK | 37580000 | &nbsp;&nbsp;&nbsp;&nbsp;3606066 |
| Kingdom of Norway (B) | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;03-13-25 | &nbsp;&nbsp;&nbsp;NOK | 54605000 | &nbsp;&nbsp;&nbsp;&nbsp;5343061 |
| Kingdom of Norway (B) | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;02-17-27 | &nbsp;&nbsp;&nbsp;NOK | 43210000 | &nbsp;&nbsp;&nbsp;&nbsp;4128951 |
| Kingdom of Norway (B) | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;05-24-23 | &nbsp;&nbsp;&nbsp;NOK | 38825000 | &nbsp;&nbsp;&nbsp;&nbsp;3922374 |
| Kingdom of Norway (B) | &nbsp;&nbsp;2.125 | &nbsp;&nbsp;05-18-32 | &nbsp;&nbsp;&nbsp;NOK | 53915000 | &nbsp;&nbsp;&nbsp;&nbsp;5019708 |
| Kingdom of Norway (B) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;10-06-42 | &nbsp;&nbsp;&nbsp;NOK | 11817000 | &nbsp;&nbsp;&nbsp;&nbsp;1260664 |
| Kommunalbanken AS | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;07-16-25 | &nbsp;&nbsp;&nbsp;AUD | 4830000 | &nbsp;&nbsp;&nbsp;&nbsp;3300787 |
| Kommunalbanken AS | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-24 | &nbsp;&nbsp;&nbsp;AUD | 3660000 | &nbsp;&nbsp;&nbsp;&nbsp;2537273 |
| **Philippines 0.4%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**8250865** |
| Republic of the Philippines | &nbsp;&nbsp;0.875 | &nbsp;&nbsp;05-17-27 | &nbsp;&nbsp;&nbsp;EUR | 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;5025555 |
| Republic of the Philippines | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-14-36 | &nbsp;&nbsp;&nbsp;PHP | 202000000 | &nbsp;&nbsp;&nbsp;&nbsp;3225310 |
| **Portugal 0.2%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**3179068** |
| Republic of Portugal (B) | &nbsp;&nbsp;0.700 | &nbsp;&nbsp;10-15-27 | &nbsp;&nbsp;&nbsp;EUR | 3290000 | &nbsp;&nbsp;&nbsp;&nbsp;3179068 |
| **Qatar 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**2711150** |
| State of Qatar (B) | &nbsp;&nbsp;4.817 | &nbsp;&nbsp;03-14-49 |  | 2795000 | &nbsp;&nbsp;&nbsp;&nbsp;2711150 |
| **Singapore 1.0%** |  |  |  |  | &nbsp;&nbsp;**19400289** |
| Republic of Singapore | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;06-01-25 | &nbsp;&nbsp;&nbsp;SGD | 21100000 | &nbsp;&nbsp;&nbsp;15273519 |
| Republic of Singapore | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;09-01-33 | &nbsp;&nbsp;&nbsp;SGD | 5470000 | &nbsp;&nbsp;&nbsp;&nbsp;4126770 |
| **South Korea 1.3%** |  |  |  |  | &nbsp;&nbsp;**23254299** |
| Republic of Korea | &nbsp;&nbsp;2.125 | &nbsp;&nbsp;06-10-27 | &nbsp;&nbsp;KRW | 6326000000 | &nbsp;&nbsp;&nbsp;&nbsp;4502935 |
| Republic of Korea | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;03-10-27 | &nbsp;&nbsp;KRW | 19564180000 | &nbsp;&nbsp;&nbsp;14139828 |
| Republic of Korea | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;09-10-24 | &nbsp;&nbsp;KRW | 6155320000 | &nbsp;&nbsp;&nbsp;&nbsp;4611536 |
| **Spain 0.4%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**7100146** |
| Kingdom of Spain (B) | &nbsp;&nbsp;0.250 | &nbsp;&nbsp;07-30-24 | &nbsp;&nbsp;&nbsp;EUR | 3615000 | &nbsp;&nbsp;&nbsp;&nbsp;3638894 |
| Kingdom of Spain (B) | &nbsp;&nbsp;0.800 | &nbsp;&nbsp;07-30-27 | &nbsp;&nbsp;&nbsp;EUR | 3585000 | &nbsp;&nbsp;&nbsp;&nbsp;3461252 |
| **Sweden 0.3%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**5892115** |
| Kingdom of Sweden (B) | &nbsp;&nbsp;0.125 | &nbsp;&nbsp;04-24-23 | &nbsp;&nbsp;&nbsp;EUR | 5710000 | &nbsp;&nbsp;&nbsp;&nbsp;5892115 |
| **United Arab Emirates 0.4%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**6452116** |
| Government of Abu Dhabi (B) | &nbsp;&nbsp;1.700 | &nbsp;&nbsp;03-02-31 |  | 2865000 | &nbsp;&nbsp;&nbsp;&nbsp;2367321 |
| Government of Abu Dhabi (B) | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;04-16-30 |  | 2940000 | &nbsp;&nbsp;&nbsp;&nbsp;2729902 |
| Government of Abu Dhabi (B) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;04-16-50 |  | 1625000 | &nbsp;&nbsp;&nbsp;&nbsp;1354893 |

---

10 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **United Kingdom 1.2%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$21323499** |
| Government of United Kingdom | &nbsp;&nbsp;0.125 | &nbsp;&nbsp;01-31-24 | &nbsp;&nbsp;GBP | 15110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17571538 |
| Government of United Kingdom | &nbsp;&nbsp;0.250 | &nbsp;&nbsp;01-31-25 | &nbsp;&nbsp;GBP | 3330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3751961 |
| **Corporate bonds 45.6%** | **Corporate bonds 45.6%** |  |  |  | **$847072526** |
| (Cost $975,394,590) |  |  |  |  |  |
| **Communication services 5.6%** | **Communication services 5.6%** |  |  |  | &nbsp;&nbsp;**104159817** |
| **Diversified telecommunication services 0.3%** | **Diversified telecommunication services 0.3%** | **Diversified telecommunication services 0.3%** |  |  |  |
| AT&T, Inc. | &nbsp;&nbsp;0.900 | &nbsp;&nbsp;03-25-24 |  | 1552000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1473236 |
| Cellnex Telecom SA | &nbsp;&nbsp;1.875 | &nbsp;&nbsp;06-26-29 | &nbsp;&nbsp;EUR | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1222269 |
| CT Trust (B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;02-03-32 |  | 1835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1589560 |
| Verizon Communications, Inc. | &nbsp;&nbsp;0.750 | &nbsp;&nbsp;03-22-24 |  | 1164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1106571 |
| **Entertainment 0.1%** | **Entertainment 0.1%** | **Entertainment 0.1%** |  |  |  |
| WMG Acquisition Corp. (B) | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;02-15-31 |  | 1545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280504 |
| **Interactive media and services 0.1%** | **Interactive media and services 0.1%** | **Interactive media and services 0.1%** |  |  |  |
| Match Group Holdings II LLC (B) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-01-30 |  | 2690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2246150 |
| **Media 3.4%** | **Media 3.4%** | **Media 3.4%** |  |  |  |
| CCO Holdings LLC (B) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-01-31 |  | 745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604791 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-15-30 |  | 4915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4140888 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;06-01-33 |  | 2340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1857047 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;03-01-30 |  | 6615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5687067 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-01-27 |  | 7910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7486736 |
| Charter Communications Operating LLC | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;04-01-31 |  | 2985000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2361920 |
| Charter Communications Operating LLC | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;07-01-49 |  | 9195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7281188 |
| Charter Communications Operating LLC | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-48 |  | 5180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4456317 |
| Charter Communications Operating LLC | &nbsp;&nbsp;6.484 | &nbsp;&nbsp;10-23-45 |  | 3205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3019326 |
| Globo Comunicacao e Participacoes SA (B) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-22-30 |  | 3410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2799081 |
| Globo Comunicacao e Participacoes SA (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;01-14-32 |  | 2790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2290424 |
| LCPR Senior Secured Financing DAC (B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;07-15-29 |  | 3535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2921814 |
| News Corp. (B) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;05-15-29 |  | 7765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6901144 |
| Sirius XM Radio, Inc. (B) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;07-01-30 |  | 4245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3582016 |
| Virgin Media Secured Finance PLC (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-15-30 |  | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1879044 |
| Virgin Media Secured Finance PLC (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;05-15-29 |  | 3814000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3523602 |
| VTR Comunicaciones SpA (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;04-15-29 |  | 2025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069115 |
| VTR Comunicaciones SpA (B) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;01-15-28 |  | 1908000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1087560 |
| VTR Finance NV (B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;07-15-28 |  | 2435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059225 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 11

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Communication services (continued)** | **Communication services (continued)** |  |  |  |  |
| **Wireless telecommunication services 1.7%** | **Wireless telecommunication services 1.7%** | **Wireless telecommunication services 1.7%** |  |  |  |
| Millicom International Cellular SA (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-27-31 |  | 1895000 | &nbsp;&nbsp;&nbsp;$1554078 |
| Millicom International Cellular SA (B) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;03-25-29 |  | 1575000 | &nbsp;&nbsp;&nbsp;&nbsp;1490836 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;2.625 | &nbsp;&nbsp;04-15-26 |  | 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981301 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;2.625 | &nbsp;&nbsp;02-15-29 |  | 1965000 | &nbsp;&nbsp;&nbsp;&nbsp;1672734 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;02-15-31 |  | 1815000 | &nbsp;&nbsp;&nbsp;&nbsp;1516432 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;04-15-29 |  | 2160000 | &nbsp;&nbsp;&nbsp;&nbsp;1908513 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;04-15-31 |  | 3600000 | &nbsp;&nbsp;&nbsp;&nbsp;3134811 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;04-15-30 |  | 5400000 | &nbsp;&nbsp;&nbsp;&nbsp;4959550 |
| T-Mobile USA, Inc. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-01-28 |  | 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719337 |
| Vmed O2 UK Financing I PLC (B) | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;01-31-31 | &nbsp;&nbsp;EUR | 3235000 | &nbsp;&nbsp;&nbsp;&nbsp;2727426 |
| Vmed O2 UK Financing I PLC (B) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;01-31-31 |  | 13165000 | &nbsp;&nbsp;&nbsp;10568204 |
| **Consumer discretionary 4.7%** | **Consumer discretionary 4.7%** |  |  |  | **86554638** |
| **Automobiles 1.5%** | **Automobiles 1.5%** | **Automobiles 1.5%** |  |  |  |
| BMW Finance NV | &nbsp;&nbsp;1.000 | &nbsp;&nbsp;11-14-24 | &nbsp;&nbsp;EUR | 1495000 | &nbsp;&nbsp;&nbsp;&nbsp;1507551 |
| Ford Motor Company | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;02-12-32 |  | 2915000 | &nbsp;&nbsp;&nbsp;&nbsp;2303797 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;2.748 | &nbsp;&nbsp;06-14-24 | &nbsp;&nbsp;GBP | 1490000 | &nbsp;&nbsp;&nbsp;&nbsp;1692563 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;02-16-28 |  | 1605000 | &nbsp;&nbsp;&nbsp;&nbsp;1340779 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;06-17-31 |  | 5870000 | &nbsp;&nbsp;&nbsp;&nbsp;4814256 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;11-13-30 |  | 3145000 | &nbsp;&nbsp;&nbsp;&nbsp;2660198 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-17-27 |  | 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675154 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.542 | &nbsp;&nbsp;08-01-26 |  | 2085000 | &nbsp;&nbsp;&nbsp;&nbsp;1962173 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.950 | &nbsp;&nbsp;05-28-27 |  | 3315000 | &nbsp;&nbsp;&nbsp;&nbsp;3137217 |
| General Motors Financial Company, Inc. | &nbsp;&nbsp;1.200 | &nbsp;&nbsp;10-15-24 |  | 5380000 | &nbsp;&nbsp;&nbsp;&nbsp;4965337 |
| General Motors Financial Company, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;11-07-24 |  | 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;2026831 |
| **Hotels, restaurants and leisure 3.0%** | **Hotels, restaurants and leisure 3.0%** | **Hotels, restaurants and leisure 3.0%** |  |  |  |
| Carnival Corp. (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;03-01-27 |  | 7525000 | &nbsp;&nbsp;&nbsp;&nbsp;5595477 |
| Hilton Domestic Operating Company, Inc. (B) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;02-15-32 |  | 2185000 | &nbsp;&nbsp;&nbsp;&nbsp;1798932 |
| Hilton Domestic Operating Company, Inc. | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-30 |  | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;1203020 |
| Hilton Domestic Operating Company, Inc. (B) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;05-01-25 |  | 1715000 | &nbsp;&nbsp;&nbsp;&nbsp;1704041 |
| Hyatt Hotels Corp. | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04-23-30 |  | 3416000 | &nbsp;&nbsp;&nbsp;&nbsp;3390094 |
| MGM Resorts International | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-28 |  | 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415847 |
| New Red Finance, Inc. (B) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;02-15-29 |  | 4854000 | &nbsp;&nbsp;&nbsp;&nbsp;4138728 |
| New Red Finance, Inc. (B) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;01-15-28 |  | 1833000 | &nbsp;&nbsp;&nbsp;&nbsp;1635930 |
| New Red Finance, Inc. (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-15-30 |  | 12599000 | &nbsp;&nbsp;&nbsp;10610374 |
| Royal Caribbean Cruises, Ltd. (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-01-28 |  | 5700000 | &nbsp;&nbsp;&nbsp;&nbsp;4652625 |
| Travel + Leisure Company (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;12-01-29 |  | 4124000 | &nbsp;&nbsp;&nbsp;&nbsp;3342328 |
| Travel + Leisure Company (B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07-31-26 |  | 1723000 | &nbsp;&nbsp;&nbsp;&nbsp;1688274 |

---

12 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |  |  |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |  |
| Yum! Brands, Inc. | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;03-15-31 | 9300000 | &nbsp;&nbsp;&nbsp;&nbsp;$7753875 |
| Yum! Brands, Inc. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;01-31-32 | 4030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3566550 |
| Yum! Brands, Inc. (B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-15-30 | 4630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4236450 |
| **Internet and direct marketing retail 0.2%** | **Internet and direct marketing retail 0.2%** | **Internet and direct marketing retail 0.2%** |  |  |
| MercadoLibre, Inc. | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;01-14-26 | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992728 |
| MercadoLibre, Inc. | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;01-14-31 | 3665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2743509 |
| **Consumer staples 3.2%** | **Consumer staples 3.2%** |  |  | &nbsp;&nbsp;**59900456** |
| **Beverages 0.2%** | **Beverages 0.2%** | **Beverages 0.2%** |  |  |
| Becle SAB de CV (B) | &nbsp;&nbsp;2.500 | &nbsp;&nbsp;10-14-31 | 3855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2996838 |
| **Food products 2.8%** | **Food products 2.8%** | **Food products 2.8%** |  |  |
| Darling Ingredients, Inc. (B) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-15-30 | 2820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2750036 |
| JBS USA LUX SA (B) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;01-15-32 | 4805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3964125 |
| JBS USA LUX SA (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-33 | 3575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3463210 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;06-01-26 | 2718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2558541 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;05-15-27 | 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429140 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;03-01-31 | 6490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6142755 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;06-01-46 | 1180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994577 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;10-01-39 | 3460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3098039 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;01-26-39 | 5790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6406990 |
| Kraft Heinz Foods Company (B) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;08-01-39 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837437 |
| MARB BondCo PLC (B) | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;01-29-31 | 6410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4965827 |
| NBM US Holdings, Inc. (B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;05-14-26 | 3158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127913 |
| Post Holdings, Inc. (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;09-15-31 | 3295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2808065 |
| Post Holdings, Inc. (B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-15-30 | 4235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3715577 |
| Post Holdings, Inc. (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;12-15-29 | 1050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964388 |
| Post Holdings, Inc. (B) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;01-15-28 | 6520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6220276 |
| **Personal products 0.2%** | **Personal products 0.2%** | **Personal products 0.2%** |  |  |
| Natura & Company Luxembourg Holdings Sarl (B) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04-19-29 | 1860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1555539 |
| Natura Cosmeticos SA (B) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;05-03-28 | 3645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2901183 |
| **Energy 6.9%** | **Energy 6.9%** |  |  | **127380618** |
| **Oil, gas and consumable fuels 6.9%** | **Oil, gas and consumable fuels 6.9%** | **Oil, gas and consumable fuels 6.9%** |  |  |
| Aker BP ASA (B) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;01-15-30 | 3615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3203743 |
| Antero Resources Corp. (B) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;03-01-30 | 3725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3490120 |
| Cenovus Energy, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;02-07-28 &nbsp;&nbsp;CAD | 2280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617111 |
| Cenovus Energy, Inc. | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;06-15-37 | 886000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820550 |
| Cenovus Energy, Inc. | &nbsp;&nbsp;5.400 | &nbsp;&nbsp;06-15-47 | 3483000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3217261 |
| Cenovus Energy, Inc. | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;11-15-39 | 8785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9242747 |
| Cheniere Energy Partners LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;03-01-31 | 5805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5072119 |
| Cheniere Energy Partners LP | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-29 | 1805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1656990 |
| Continental Resources, Inc. (B) | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;04-01-32 | 5519000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4161237 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 13

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Energy (continued)** | **Energy (continued)** |  |  |  |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |  |  |
| Continental Resources, Inc. (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;01-15-31 |  | 6796000 | &nbsp;&nbsp;&nbsp;&nbsp;$6363143 |
| Ecopetrol SA | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;11-02-31 |  | 2125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1599063 |
| Ecopetrol SA | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;06-26-26 |  | 1115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041365 |
| Ecopetrol SA | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;05-28-45 |  | 1130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778073 |
| Ecopetrol SA | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;04-29-30 |  | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014628 |
| Enbridge, Inc. | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;11-15-29 |  | 5030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4437018 |
| Enterprise Products Operating LLC | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;07-31-29 |  | 6165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5484199 |
| EQT Corp. (B) | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;05-15-26 |  | 890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821586 |
| EQT Corp. (B) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;05-15-31 |  | 10385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8983351 |
| EQT Corp. | &nbsp;&nbsp;3.900 | &nbsp;&nbsp;10-01-27 |  | 1464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1355242 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;5.300 | &nbsp;&nbsp;12-01-34 |  | 2695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2560909 |
| MC Brazil Downstream Trading SARL (B) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;06-30-31 |  | 4570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3785121 |
| Medco Bell Pte, Ltd. (B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;01-30-27 |  | 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675099 |
| Medco Oak Tree Pte, Ltd. (B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;05-14-26 |  | 2275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2181270 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;3.200 | &nbsp;&nbsp;08-15-26 |  | 698000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638670 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;3.400 | &nbsp;&nbsp;04-15-26 |  | 3255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027150 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;01-01-31 |  | 3520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3571374 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;09-01-30 |  | 5275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5503065 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-01-31 |  | 1545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1676325 |
| Ovintiv, Inc. | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;08-15-34 |  | 3015000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3112231 |
| Ovintiv, Inc. | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;02-01-38 |  | 2670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2715522 |
| Pertamina Persero PT (B) | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;01-21-30 |  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872995 |
| Pertamina Persero PT (B) | &nbsp;&nbsp;3.650 | &nbsp;&nbsp;07-30-29 |  | 1085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989660 |
| Petrorio Luxembourg Trading Sarl (B) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;06-09-26 |  | 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2277721 |
| Qatar Energy (B) | &nbsp;&nbsp;2.250 | &nbsp;&nbsp;07-12-31 |  | 1775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485603 |
| Qatar Energy (B) | &nbsp;&nbsp;3.300 | &nbsp;&nbsp;07-12-51 |  | 1405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022700 |
| Southwestern Energy Company | &nbsp;&nbsp;5.700 | &nbsp;&nbsp;01-23-25 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74250 |
| Targa Resources Partners LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;01-15-32 |  | 2375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2036773 |
| The Williams Companies, Inc. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;11-15-30 |  | 8945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7915576 |
| TransCanada PipeLines, Ltd. | &nbsp;&nbsp;1.000 | &nbsp;&nbsp;10-12-24 |  | 3110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2884957 |
| TransCanada PipeLines, Ltd. | &nbsp;&nbsp;4.100 | &nbsp;&nbsp;04-15-30 |  | 6900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6438954 |
| Transcontinental Gas Pipe Line Company LLC | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;05-15-30 |  | 585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513852 |
| Var Energi ASA (B) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;01-15-28 |  | 2570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2626143 |
| Western Midstream Operating LP | &nbsp;&nbsp;4.300 | &nbsp;&nbsp;02-01-30 |  | 3855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435152 |
| **Financials 6.8%** | **Financials 6.8%** |  |  |  | **125985640** |
| **Banks 4.4%** | **Banks 4.4%** | **Banks 4.4%** |  |  |  |
| Asian Development Bank | &nbsp;&nbsp;3.400 | &nbsp;&nbsp;09-10-27 | &nbsp;&nbsp;AUD | 3215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2117126 |
| Asian Development Bank | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;05-30-24 | &nbsp;&nbsp;NZD | 3050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870424 |
| Asian Development Bank | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;08-18-25 | &nbsp;&nbsp;NZD | 3120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897418 |

---

14 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** | **Financials (continued)** |  |  |  |  |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |  |  |  |
| Banco Actinver SA (B) | &nbsp;&nbsp;4.800 | &nbsp;&nbsp;12-18-32 |  | 775000 | &nbsp;&nbsp;&nbsp;$445625 |
| Banco Actinver SA (B) | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;12-18-32 | &nbsp;&nbsp;MXN | 32080000 | &nbsp;&nbsp;&nbsp;&nbsp;836883 |
| Bank of Montreal (3 month CDOR + 0.190%) (C) | &nbsp;&nbsp;4.765 | &nbsp;&nbsp;02-01-24 | &nbsp;&nbsp;&nbsp;CAD | 5825000 | &nbsp;&nbsp;4332104 |
| BNG Bank NV | &nbsp;&nbsp;0.250 | &nbsp;&nbsp;06-07-24 | &nbsp;&nbsp;&nbsp;EUR | 1950000 | &nbsp;&nbsp;1957977 |
| BNP Paribas SA (2.219% to 6-9-25, then SOFR + 2.074%) (B) | &nbsp;&nbsp;2.219 | &nbsp;&nbsp;06-09-26 |  | 4860000 | &nbsp;&nbsp;4463273 |
| European Investment Bank (SONIA + 0.350%) (C) | &nbsp;&nbsp;2.818 | &nbsp;&nbsp;06-29-23 | &nbsp;&nbsp;&nbsp;GBP | 2080000 | &nbsp;&nbsp;2510305 |
| Inter-American Development Bank | &nbsp;&nbsp;2.700 | &nbsp;&nbsp;01-29-26 | &nbsp;&nbsp;&nbsp;AUD | 2852000 | &nbsp;&nbsp;1864047 |
| Inter-American Development Bank | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;10-30-25 | &nbsp;&nbsp;&nbsp;AUD | 2380000 | &nbsp;&nbsp;1567783 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;1.800 | &nbsp;&nbsp;01-19-27 | &nbsp;&nbsp;&nbsp;CAD | 3150000 | &nbsp;&nbsp;2171899 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;1.900 | &nbsp;&nbsp;01-16-25 | &nbsp;&nbsp;&nbsp;CAD | 5120000 | &nbsp;&nbsp;3636507 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;2.500 | &nbsp;&nbsp;01-24-24 | &nbsp;&nbsp;&nbsp;NZD | 3951000 | &nbsp;&nbsp;2409611 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;11-30-26 | &nbsp;&nbsp;&nbsp;NZD | 3585000 | &nbsp;&nbsp;2093456 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;07-29-27 | &nbsp;&nbsp;&nbsp;NZD | 5182000 | &nbsp;&nbsp;3180808 |
| International Bank for Reconstruction & Development | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-04-24 | &nbsp;&nbsp;&nbsp;&nbsp;BRL | 3200000 | &nbsp;&nbsp;&nbsp;&nbsp;580420 |
| International Finance Corp. | &nbsp;&nbsp;0.500 | &nbsp;&nbsp;10-08-25 | &nbsp;&nbsp;&nbsp;NOK | 38660000 | &nbsp;&nbsp;3604526 |
| International Finance Corp. | &nbsp;&nbsp;2.550 | &nbsp;&nbsp;09-18-23 | &nbsp;&nbsp;&nbsp;CNY | 15030000 | &nbsp;&nbsp;2104736 |
| International Finance Corp. | &nbsp;&nbsp;3.600 | &nbsp;&nbsp;02-24-26 | &nbsp;&nbsp;&nbsp;AUD | 4035000 | &nbsp;&nbsp;2715285 |
| Intesa Sanpaolo SpA (4.198% to 6-1-31, then 1 Year CMT + 2.600%) (B) | &nbsp;&nbsp;4.198 | &nbsp;&nbsp;06-01-32 |  | 3444000 | &nbsp;&nbsp;2540176 |
| JPMorgan Chase & Co. (0.653% to 9-16-23, then 3 month CME Term SOFR + 0.600%) | &nbsp;&nbsp;0.653 | &nbsp;&nbsp;09-16-24 |  | 4680000 | &nbsp;&nbsp;4496433 |
| KfW | &nbsp;&nbsp;1.250 | &nbsp;&nbsp;08-28-23 | &nbsp;&nbsp;&nbsp;NOK | 21200000 | &nbsp;&nbsp;2115688 |
| Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) (C) | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;06-19-24 | &nbsp;&nbsp;&nbsp;NOK | 31000000 | &nbsp;&nbsp;3152570 |
| Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) (C) | &nbsp;&nbsp;3.120 | &nbsp;&nbsp;06-21-23 | &nbsp;&nbsp;&nbsp;NOK | 28000000 | &nbsp;&nbsp;2846032 |
| Nordic Investment Bank | &nbsp;&nbsp;1.875 | &nbsp;&nbsp;04-10-24 | &nbsp;&nbsp;&nbsp;NOK | 14710000 | &nbsp;&nbsp;1458544 |
| QNB Finance, Ltd. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;03-28-24 |  | 1285000 | &nbsp;&nbsp;1256994 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 15

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** | **Financials (continued)** |  |  |  |  |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |  |  |  |
| Royal Bank of Canada (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%) (D) | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;02-24-27 | &nbsp;&nbsp;CAD | 3040000 | &nbsp;&nbsp;&nbsp;$1747138 |
| The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (C)(D) | &nbsp;&nbsp;8.118 | &nbsp;&nbsp;02-01-23 |  | 1040000 | &nbsp;&nbsp;&nbsp;&nbsp;1039970 |
| U.S. Bancorp | &nbsp;&nbsp;0.850 | &nbsp;&nbsp;06-07-24 | &nbsp;&nbsp;&nbsp;EUR | 9600000 | &nbsp;&nbsp;&nbsp;&nbsp;9665998 |
| U.S. Bancorp | &nbsp;&nbsp;1.375 | &nbsp;&nbsp;07-22-30 |  | 2090000 | &nbsp;&nbsp;&nbsp;&nbsp;1628983 |
| U.S. Bancorp (3.700% to 1-15-27, then 5 Year CMT + 2.541%) (D) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;01-15-27 |  | 3300000 | &nbsp;&nbsp;&nbsp;&nbsp;2632476 |
| **Capital markets 1.1%** | **Capital markets 1.1%** | **Capital markets 1.1%** |  |  |  |
| MSCI, Inc. (B) | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;08-15-33 |  | 1875000 | &nbsp;&nbsp;&nbsp;&nbsp;1473058 |
| MSCI, Inc. (B) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;09-01-30 |  | 8800000 | &nbsp;&nbsp;&nbsp;&nbsp;7388710 |
| MSCI, Inc. (B) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;11-01-31 |  | 3952000 | &nbsp;&nbsp;&nbsp;&nbsp;3328216 |
| MSCI, Inc. (B) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;02-15-31 |  | 4820000 | &nbsp;&nbsp;&nbsp;&nbsp;4187520 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;1.375 | &nbsp;&nbsp;05-15-24 | &nbsp;&nbsp;&nbsp;EUR | 2552000 | &nbsp;&nbsp;&nbsp;&nbsp;2591847 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;11-01-28 | &nbsp;&nbsp;&nbsp;EUR | 1688000 | &nbsp;&nbsp;&nbsp;&nbsp;1594722 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;03-27-25 | &nbsp;&nbsp;&nbsp;EUR | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573467 |
| **Consumer finance 0.0%** | **Consumer finance 0.0%** | **Consumer finance 0.0%** |  |  |  |
| Capital One Financial Corp. | &nbsp;&nbsp;0.800 | &nbsp;&nbsp;06-12-24 | &nbsp;&nbsp;&nbsp;EUR | 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575607 |
| **Diversified financial services 0.7%** | **Diversified financial services 0.7%** | **Diversified financial services 0.7%** |  |  |  |
| Berkshire Hathaway Finance Corp. | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;06-19-39 | &nbsp;&nbsp;&nbsp;GBP | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;2015892 |
| Berkshire Hathaway Finance Corp. | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;08-15-48 |  | 2315000 | &nbsp;&nbsp;&nbsp;&nbsp;2080565 |
| Berkshire Hathaway, Inc., Zero Coupon | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;03-12-25 | &nbsp;&nbsp;&nbsp;EUR | 3780000 | &nbsp;&nbsp;&nbsp;&nbsp;3668616 |
| Swiss Insured Brazil Power Finance Sarl (B) | &nbsp;&nbsp;9.850 | &nbsp;&nbsp;07-16-32 | &nbsp;&nbsp;&nbsp;BRL | 30934263 | &nbsp;&nbsp;&nbsp;&nbsp;5186162 |
| **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** |  |  |  |
| American International Group, Inc. (8.175% to 5-15-38, then 3 month LIBOR + 4.195%) | &nbsp;&nbsp;8.175 | &nbsp;&nbsp;05-15-58 |  | 7990000 | &nbsp;&nbsp;&nbsp;&nbsp;8872541 |
| **Mortgage real estate investment trusts 0.1%** | **Mortgage real estate investment trusts 0.1%** | **Mortgage real estate investment trusts 0.1%** |  |  |  |
| Starwood Property Trust, Inc. (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-27 |  | 1685000 | &nbsp;&nbsp;&nbsp;&nbsp;1507502 |
| **Health care 4.3%** | **Health care 4.3%** |  |  |  | **79753321** |
| **Health care equipment and supplies 0.7%** | **Health care equipment and supplies 0.7%** | **Health care equipment and supplies 0.7%** |  |  |  |
| Becton Dickinson Euro Finance Sarl | &nbsp;&nbsp;1.208 | &nbsp;&nbsp;06-04-26 | &nbsp;&nbsp;&nbsp;EUR | 2800000 | &nbsp;&nbsp;&nbsp;&nbsp;2702083 |
| Boston Scientific Corp. | &nbsp;&nbsp;0.625 | &nbsp;&nbsp;12-01-27 | &nbsp;&nbsp;&nbsp;EUR | 4250000 | &nbsp;&nbsp;&nbsp;&nbsp;3892603 |
| Stryker Corp. | &nbsp;&nbsp;0.600 | &nbsp;&nbsp;12-01-23 |  | 988000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943624 |
| Stryker Corp. | &nbsp;&nbsp;1.150 | &nbsp;&nbsp;06-15-25 |  | 3105000 | &nbsp;&nbsp;&nbsp;&nbsp;2841134 |

---

16 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Health care (continued)** | **Health care (continued)** |  |  |  |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |  |  |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.450 | &nbsp;&nbsp;11-22-24 |  | 3105000 | &nbsp;&nbsp;&nbsp;$2881583 |
| **Health care providers and services 3.0%** | **Health care providers and services 3.0%** | **Health care providers and services 3.0%** |  |  |  |
| Centene Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2.500 | &nbsp;&nbsp;03-01-31 |  | 4160000 | &nbsp;&nbsp;&nbsp;&nbsp;3288563 |
| Centene Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;10-15-30 |  | 7975000 | &nbsp;&nbsp;&nbsp;&nbsp;6580173 |
| Centene Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;02-15-30 |  | 8940000 | &nbsp;&nbsp;&nbsp;&nbsp;7615209 |
| Centene Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-15-29 |  | 1170000 | &nbsp;&nbsp;&nbsp;&nbsp;1087907 |
| HCA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-01-30 |  | 19495000 | &nbsp;&nbsp;&nbsp;16755368 |
| HCA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;06-15-29 |  | 10315000 | &nbsp;&nbsp;&nbsp;&nbsp;9426460 |
| HCA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;02-01-25 |  | 6133000 | &nbsp;&nbsp;&nbsp;&nbsp;6122963 |
| Rede D'or Finance Sarl (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;01-22-30 |  | 1336000 | &nbsp;&nbsp;&nbsp;&nbsp;1149628 |
| Rede D'or Finance Sarl (B)(E) | &nbsp;&nbsp;&nbsp;&nbsp;4.950 | &nbsp;&nbsp;01-17-28 |  | 2126000 | &nbsp;&nbsp;&nbsp;&nbsp;1933364 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;0.550 | &nbsp;&nbsp;05-15-24 |  | 1940000 | &nbsp;&nbsp;&nbsp;&nbsp;1827992 |
| **Life sciences tools and services 0.4%** | **Life sciences tools and services 0.4%** | **Life sciences tools and services 0.4%** |  |  |  |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;03-01-28 | &nbsp;&nbsp;EUR | 2130000 | &nbsp;&nbsp;&nbsp;&nbsp;1955326 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;0.750 | &nbsp;&nbsp;09-12-24 | &nbsp;&nbsp;EUR | 1699000 | &nbsp;&nbsp;&nbsp;&nbsp;1703898 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.375 | &nbsp;&nbsp;09-12-28 | &nbsp;&nbsp;EUR | 1595000 | &nbsp;&nbsp;&nbsp;&nbsp;1513413 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.400 | &nbsp;&nbsp;01-23-26 | &nbsp;&nbsp;EUR | 2566000 | &nbsp;&nbsp;&nbsp;&nbsp;2544694 |
| **Pharmaceuticals 0.2%** | **Pharmaceuticals 0.2%** | **Pharmaceuticals 0.2%** |  |  |  |
| Allergan Funding SCS | &nbsp;&nbsp;&nbsp;&nbsp;1.250 | &nbsp;&nbsp;06-01-24 | &nbsp;&nbsp;EUR | 1870000 | &nbsp;&nbsp;&nbsp;&nbsp;1871572 |
| Allergan Funding SCS | &nbsp;&nbsp;&nbsp;&nbsp;2.625 | &nbsp;&nbsp;11-15-28 | &nbsp;&nbsp;EUR | 1145000 | &nbsp;&nbsp;&nbsp;&nbsp;1115764 |
| **Industrials 5.3%** | **Industrials 5.3%** |  |  |  | **98448906** |
| **Aerospace and defense 1.0%** | **Aerospace and defense 1.0%** | **Aerospace and defense 1.0%** |  |  |  |
| Airbus SE | &nbsp;&nbsp;&nbsp;&nbsp;1.625 | &nbsp;&nbsp;06-09-30 | &nbsp;&nbsp;EUR | 1135000 | &nbsp;&nbsp;&nbsp;&nbsp;1074630 |
| DAE Funding LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;03-20-28 |  | 2895000 | &nbsp;&nbsp;&nbsp;&nbsp;2523062 |
| The Boeing Company | &nbsp;&nbsp;&nbsp;&nbsp;5.040 | &nbsp;&nbsp;05-01-27 |  | 4165000 | &nbsp;&nbsp;&nbsp;&nbsp;4124590 |
| The Boeing Company | &nbsp;&nbsp;&nbsp;&nbsp;5.150 | &nbsp;&nbsp;05-01-30 |  | 10540000 | &nbsp;&nbsp;&nbsp;10283151 |
| **Air freight and logistics 0.1%** | **Air freight and logistics 0.1%** | **Air freight and logistics 0.1%** |  |  |  |
| Simpar Finance Sarl (B) | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;02-12-28 | &nbsp;&nbsp;&nbsp;BRL | 11993000 | &nbsp;&nbsp;&nbsp;&nbsp;1721984 |
| **Airlines 2.2%** | **Airlines 2.2%** | **Airlines 2.2%** |  |  |  |
| American Airlines, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-20-26 |  | 4460000 | &nbsp;&nbsp;&nbsp;&nbsp;4325389 |
| American Airlines, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-20-29 |  | 3630000 | &nbsp;&nbsp;&nbsp;&nbsp;3379347 |
| Delta Air Lines 2020-1 Class A Pass Through Trust | &nbsp;&nbsp;&nbsp;&nbsp;2.500 | &nbsp;&nbsp;06-10-28 |  | 1700011 | &nbsp;&nbsp;&nbsp;&nbsp;1441336 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2.900 | &nbsp;&nbsp;10-28-24 |  | 3380000 | &nbsp;&nbsp;&nbsp;&nbsp;3204240 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;04-19-28 |  | 4580000 | &nbsp;&nbsp;&nbsp;&nbsp;4185410 |
| Delta Air Lines, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-20-25 |  | 880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857299 |
| Delta Air Lines, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-20-28 |  | 18658000 | &nbsp;&nbsp;&nbsp;17685940 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;01-15-26 |  | 2535000 | &nbsp;&nbsp;&nbsp;&nbsp;2618858 |
| United Airlines, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-15-29 |  | 2940000 | &nbsp;&nbsp;&nbsp;&nbsp;2617238 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 17

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials (continued)** | **Industrials (continued)** |  |  |  |  |
| **Building products 0.1%** | **Building products 0.1%** | **Building products 0.1%** |  |  |  |
| Johnson Controls International PLC | &nbsp;&nbsp;0.375 | &nbsp;&nbsp;09-15-27 | &nbsp;&nbsp;EUR | 1080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$977794 |
| Owens Corning | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;08-15-29 |  | 1980000 | &nbsp;&nbsp;&nbsp;&nbsp;1818677 |
| **Construction and engineering 0.3%** | **Construction and engineering 0.3%** | **Construction and engineering 0.3%** |  |  |  |
| AECOM | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;03-15-27 |  | 5058000 | &nbsp;&nbsp;&nbsp;&nbsp;4920827 |
| **Road and rail 0.5%** | **Road and rail 0.5%** | **Road and rail 0.5%** |  |  |  |
| Canadian Pacific Railway Company | &nbsp;&nbsp;1.350 | &nbsp;&nbsp;12-02-24 |  | 1545000 | &nbsp;&nbsp;&nbsp;&nbsp;1438713 |
| Indian Railway Finance Corp., Ltd. (B) | &nbsp;&nbsp;3.249 | &nbsp;&nbsp;02-13-30 |  | 2545000 | &nbsp;&nbsp;&nbsp;&nbsp;2206549 |
| Movida Europe SA (B) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;02-08-31 |  | 1085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819164 |
| The Hertz Corp. (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-29 |  | 3955000 | &nbsp;&nbsp;&nbsp;&nbsp;3138609 |
| Uber Technologies, Inc. (B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;11-01-26 |  | 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;2427323 |
| **Trading companies and distributors 1.1%** | **Trading companies and distributors 1.1%** | **Trading companies and distributors 1.1%** |  |  |  |
| AerCap Ireland Capital DAC | &nbsp;&nbsp;1.150 | &nbsp;&nbsp;10-29-23 |  | 6255000 | &nbsp;&nbsp;&nbsp;&nbsp;5977425 |
| United Rentals North America, Inc. | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;02-15-31 |  | 6810000 | &nbsp;&nbsp;&nbsp;&nbsp;5858711 |
| United Rentals North America, Inc. | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-15-30 |  | 2620000 | &nbsp;&nbsp;&nbsp;&nbsp;2272850 |
| United Rentals North America, Inc. | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-28 |  | 5175000 | &nbsp;&nbsp;&nbsp;&nbsp;4963136 |
| United Rentals North America, Inc. | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;05-15-27 |  | 1608000 | &nbsp;&nbsp;&nbsp;&nbsp;1586654 |
| **Information technology 1.2%** | **Information technology 1.2%** |  |  |  | **23263477** |
| **IT services 0.5%** | **IT services 0.5%** | **IT services 0.5%** |  |  |  |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;05-21-27 | &nbsp;&nbsp;EUR | 2980000 | &nbsp;&nbsp;&nbsp;&nbsp;2836520 |
| Fiserv, Inc. | &nbsp;&nbsp;1.125 | &nbsp;&nbsp;07-01-27 | &nbsp;&nbsp;EUR | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;1034261 |
| Gartner, Inc. (B) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;10-01-30 |  | 6885000 | &nbsp;&nbsp;&nbsp;&nbsp;5955525 |
| **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** |  |  |  |
| SK Hynix, Inc. (B) | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;01-19-26 |  | 2185000 | &nbsp;&nbsp;&nbsp;&nbsp;1892077 |
| **Technology hardware, storage and peripherals 0.6%** | **Technology hardware, storage and peripherals 0.6%** | **Technology hardware, storage and peripherals 0.6%** |  |  |  |
| Apple, Inc., Zero Coupon | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;11-15-25 | &nbsp;&nbsp;EUR | 2350000 | &nbsp;&nbsp;&nbsp;&nbsp;2275077 |
| Apple, Inc. | &nbsp;&nbsp;0.875 | &nbsp;&nbsp;05-24-25 | &nbsp;&nbsp;EUR | 3215000 | &nbsp;&nbsp;&nbsp;&nbsp;3216253 |
| CDW LLC | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;04-01-28 |  | 2675000 | &nbsp;&nbsp;&nbsp;&nbsp;2416729 |
| Dell International LLC | &nbsp;&nbsp;8.350 | &nbsp;&nbsp;07-15-46 |  | 3112000 | &nbsp;&nbsp;&nbsp;&nbsp;3637035 |
| **Materials 3.7%** | **Materials 3.7%** |  |  |  | **68368643** |
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |  |  |  |
| Braskem Idesa SAPI (B) | &nbsp;&nbsp;6.990 | &nbsp;&nbsp;02-20-32 |  | 2345000 | &nbsp;&nbsp;&nbsp;&nbsp;1662019 |
| Braskem Netherlands Finance BV (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;01-31-30 |  | 2328000 | &nbsp;&nbsp;&nbsp;&nbsp;1984999 |
| Braskem Netherlands Finance BV (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;01-31-50 |  | 990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774601 |

---

18 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Materials (continued)** | **Materials (continued)** |  |  |  |  |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |  |  |  |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.000 | &nbsp;&nbsp;01-15-24 | &nbsp;&nbsp;EUR | 2705000 | &nbsp;&nbsp;&nbsp;$2759602 |
| FS Luxembourg Sarl (B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;12-15-25 |  | 3975000 | &nbsp;&nbsp;&nbsp;&nbsp;4009702 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;0.875 | &nbsp;&nbsp;08-15-24 |  | 2330000 | &nbsp;&nbsp;&nbsp;&nbsp;2161998 |
| **Construction materials 0.5%** | **Construction materials 0.5%** | **Construction materials 0.5%** |  |  |  |
| Cemex SAB de CV (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;07-11-31 |  | 5755000 | &nbsp;&nbsp;&nbsp;&nbsp;4677079 |
| St. Mary's Cement, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;01-28-27 |  | 4145000 | &nbsp;&nbsp;&nbsp;&nbsp;4135567 |
| **Containers and packaging 1.4%** | **Containers and packaging 1.4%** | **Containers and packaging 1.4%** |  |  |  |
| Ardagh Metal Packaging Finance USA LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;09-01-29 | &nbsp;&nbsp;EUR | 1495000 | &nbsp;&nbsp;&nbsp;&nbsp;1161612 |
| Ardagh Metal Packaging Finance USA LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.250 | &nbsp;&nbsp;09-01-28 |  | 4345000 | &nbsp;&nbsp;&nbsp;&nbsp;3664061 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.250 | &nbsp;&nbsp;03-03-25 | &nbsp;&nbsp;EUR | 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;2058131 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2.875 | &nbsp;&nbsp;08-15-30 |  | 3620000 | &nbsp;&nbsp;&nbsp;&nbsp;2942843 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;03-15-26 |  | 5925000 | &nbsp;&nbsp;&nbsp;&nbsp;5747250 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;03-15-28 |  | 5495000 | &nbsp;&nbsp;&nbsp;&nbsp;5683094 |
| Berry Global, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;07-15-27 |  | 3790000 | &nbsp;&nbsp;&nbsp;&nbsp;3714200 |
| **Metals and mining 1.1%** | **Metals and mining 1.1%** | **Metals and mining 1.1%** |  |  |  |
| Cleveland-Cliffs, Inc. (B)(E) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;03-01-31 |  | 3640000 | &nbsp;&nbsp;&nbsp;&nbsp;3157700 |
| CSN Islands XI Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;01-28-28 |  | 4110000 | &nbsp;&nbsp;&nbsp;&nbsp;3905211 |
| FMG Resources August 2006 Proprietary, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;04-01-31 |  | 2030000 | &nbsp;&nbsp;&nbsp;&nbsp;1710275 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;03-01-28 |  | 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579996 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-30 |  | 4475000 | &nbsp;&nbsp;&nbsp;&nbsp;4087597 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.450 | &nbsp;&nbsp;03-15-43 |  | 8690000 | &nbsp;&nbsp;&nbsp;&nbsp;7791106 |
| **Real estate 1.4%** | **Real estate 1.4%** |  |  |  | **27138700** |
| **Equity real estate investment trusts 1.4%** | **Equity real estate investment trusts 1.4%** | **Equity real estate investment trusts 1.4%** |  |  |  |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;0.500 | &nbsp;&nbsp;01-15-28 | &nbsp;&nbsp;EUR | 2035000 | &nbsp;&nbsp;&nbsp;&nbsp;1780467 |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1.950 | &nbsp;&nbsp;05-22-26 | &nbsp;&nbsp;EUR | 1450000 | &nbsp;&nbsp;&nbsp;&nbsp;1420340 |
| Crown Castle, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1.350 | &nbsp;&nbsp;07-15-25 |  | 773000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703469 |
| Crown Castle, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2.250 | &nbsp;&nbsp;01-15-31 |  | 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533785 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;12-15-29 |  | 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820429 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-15-30 |  | 975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813810 |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3.125 | &nbsp;&nbsp;02-01-29 |  | 4325000 | &nbsp;&nbsp;&nbsp;&nbsp;3610756 |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;02-15-27 |  | 10610000 | &nbsp;&nbsp;&nbsp;&nbsp;9795602 |
| VICI Properties LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-15-30 |  | 3450000 | &nbsp;&nbsp;&nbsp;&nbsp;2989280 |
| VICI Properties LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-01-29 |  | 1395000 | &nbsp;&nbsp;&nbsp;&nbsp;1265786 |
| VICI Properties LP | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-15-32 |  | 3630000 | &nbsp;&nbsp;&nbsp;&nbsp;3404976 |
| **Utilities 2.5%** | **Utilities 2.5%** |  |  |  | **46118310** |
| **Electric utilities 1.5%** | **Electric utilities 1.5%** | **Electric utilities 1.5%** |  |  |  |
| EDP Finance BV | &nbsp;&nbsp;&nbsp;&nbsp;0.375 | &nbsp;&nbsp;09-16-26 | &nbsp;&nbsp;EUR | 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508187 |
| FirstEnergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2.250 | &nbsp;&nbsp;09-01-30 |  | 3545000 | &nbsp;&nbsp;&nbsp;&nbsp;2817655 |
| FirstEnergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2.650 | &nbsp;&nbsp;03-01-30 |  | 5100000 | &nbsp;&nbsp;&nbsp;&nbsp;4216476 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 19

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Utilities (continued)** | **Utilities (continued)** |  |  |  |  |
| **Electric utilities (continued)** | **Electric utilities (continued)** | **Electric utilities (continued)** |  |  |  |
| FirstEnergy Corp. | &nbsp;&nbsp;4.400 | &nbsp;&nbsp;07-15-27 |  | 4060000 | &nbsp;&nbsp;&nbsp;&nbsp;$3828661 |
| FirstEnergy Corp. | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;11-15-31 |  | 7070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7960900 |
| Israel Electric Corp., Ltd. (B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;06-21-23 |  | 1415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1423411 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (B) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;05-15-27 |  | 1414000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1334646 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (B) | &nbsp;&nbsp;5.450 | &nbsp;&nbsp;05-21-28 |  | 3805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750550 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;1.300 | &nbsp;&nbsp;06-15-25 |  | 1745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1574489 |
| **Independent power and renewable electricity producers 0.7%** | **Independent power and renewable electricity producers 0.7%** | **Independent power and renewable electricity producers 0.7%** |  |  |  |
| DPL, Inc. | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;07-01-25 |  | 5515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5195975 |
| Greenko Dutch BV (B) | &nbsp;&nbsp;3.850 | &nbsp;&nbsp;03-29-26 |  | 2731300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2348918 |
| Greenko Solar Mauritius, Ltd. (B) | &nbsp;&nbsp;5.550 | &nbsp;&nbsp;01-29-25 |  | 1660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1548780 |
| Greenko Wind Projects Mauritius, Ltd. (B) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-06-25 |  | 3690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3452240 |
| The AES Corp. (B) | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;07-15-30 |  | 725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634738 |
| **Multi-utilities 0.3%** | **Multi-utilities 0.3%** | **Multi-utilities 0.3%** |  |  |  |
| DTE Energy Company | &nbsp;&nbsp;1.050 | &nbsp;&nbsp;06-01-25 |  | 1660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1504074 |
| E.ON SE | &nbsp;&nbsp;0.375 | &nbsp;&nbsp;09-29-27 | &nbsp;&nbsp;EUR | 1360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266992 |
| Engie SA | &nbsp;&nbsp;0.375 | &nbsp;&nbsp;06-21-27 | &nbsp;&nbsp;EUR | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288915 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;0.800 | &nbsp;&nbsp;03-15-24 |  | 1547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1462703 |
| **Convertible bonds 2.1%** | **Convertible bonds 2.1%** |  |  |  | **$38354267** |
| (Cost $45,095,928) |  |  |  |  |  |
| **Communication services 0.6%** | **Communication services 0.6%** |  |  |  | &nbsp;&nbsp;**11473177** |
| **Media 0.6%** | **Media 0.6%** | **Media 0.6%** |  |  |  |
| Liberty Broadband Corp. (B) | &nbsp;&nbsp;1.250 | &nbsp;&nbsp;09-30-50 |  | 5530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5274238 |
| Liberty Broadband Corp. (B) | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;09-30-50 |  | 4005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3875481 |
| Liberty Media Corp. (B) | &nbsp;&nbsp;0.500 | &nbsp;&nbsp;12-01-50 |  | 2275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2323458 |
| **Consumer discretionary 0.4%** | **Consumer discretionary 0.4%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**7676475** |
| **Hotels, restaurants and leisure 0.2%** | **Hotels, restaurants and leisure 0.2%** | **Hotels, restaurants and leisure 0.2%** |  |  |  |
| Carnival Corp. (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;12-01-27 |  | 4450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4472250 |
| **Specialty retail 0.2%** | **Specialty retail 0.2%** | **Specialty retail 0.2%** |  |  |  |
| Burlington Stores, Inc. | &nbsp;&nbsp;2.250 | &nbsp;&nbsp;04-15-25 |  | 2820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3204225 |
| **Industrials 1.1%** | **Industrials 1.1%** |  |  |  | &nbsp;&nbsp;**19204615** |
| **Airlines 0.9%** | **Airlines 0.9%** | **Airlines 0.9%** |  |  |  |
| Air Canada | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-01-25 |  | 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2823250 |
| American Airlines Group, Inc. | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;07-01-25 |  | 6240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7054320 |
| Southwest Airlines Company | &nbsp;&nbsp;1.250 | &nbsp;&nbsp;05-01-25 |  | 4210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5464580 |
| **Road and rail 0.2%** | **Road and rail 0.2%** | **Road and rail 0.2%** |  |  |  |
| Uber Technologies, Inc. (F) | &nbsp;&nbsp;5.489 | &nbsp;&nbsp;12-15-25 |  | 4555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3862465 |

---

20 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Capital preferred securities 0.2%** | **Capital preferred securities 0.2%** |  |  | &nbsp;&nbsp;**$3343277** |
| (Cost $3,628,401) |  |  |  |  |
| **Financials 0.2%** | **Financials 0.2%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**3343277** |
| **Banks 0.2%** | **Banks 0.2%** | **Banks 0.2%** |  |  |
| USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) (C)(D) | &nbsp;&nbsp;5.099 | &nbsp;&nbsp;01-03-23 | 4135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3343277 |
| **Municipal bonds 0.0%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$661701** |
| (Cost $638,092) |  |  |  |  |
| State Board of Administration Finance Corp. (Florida) | &nbsp;&nbsp;2.154 | &nbsp;&nbsp;07-01-30 | 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661701 |
| **Term loans (G) 1.3%** |  |  |  | &nbsp;&nbsp;**$24240565** |
| (Cost $24,844,663) |  |  |  |  |
| **Communication services 0.0%** | **Communication services 0.0%** | **Communication services 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**910695** |
| **Media 0.0%** | **Media 0.0%** |  |  |  |
| AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | &nbsp;&nbsp;9.571 | &nbsp;&nbsp;09-01-27 | 1030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910695 |
| **Consumer discretionary 0.5%** | **Consumer discretionary 0.5%** | **Consumer discretionary 0.5%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8487203** |
| **Diversified consumer services 0.0%** | **Diversified consumer services 0.0%** |  |  |  |
| APX Group, Inc., 2021 Term Loan B (Prime rate + 2.250% and 3 month LIBOR + 3.250%) | &nbsp;&nbsp;6.737 | &nbsp;&nbsp;07-10-28 | 2923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2783 |
| **Hotels, restaurants and leisure 0.4%** | **Hotels, restaurants and leisure 0.4%** |  |  |  |
| Aramark Services, Inc., 2018 Term Loan B3 (H) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;03-11-25 | 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368749 |
| Bally's Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | &nbsp;&nbsp;7.129 | &nbsp;&nbsp;10-02-28 | 1894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1798 |
| KFC Holding Company, 2021 Term Loan B (1 month LIBOR + 1.750%) | &nbsp;&nbsp;5.661 | &nbsp;&nbsp;03-15-28 | 5653371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5566536 |
| New Red Finance, Inc., Term Loan B4 (1 and 3 month LIBOR + 1.750%) | &nbsp;&nbsp;5.887 | &nbsp;&nbsp;11-19-26 | 1451900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422862 |
| **Textiles, apparel and luxury goods 0.1%** | **Textiles, apparel and luxury goods 0.1%** |  |  |  |
| Patagonia Holdco LLC, Term Loan B1 (3 month SOFR + 5.750%) | &nbsp;&nbsp;9.960 | &nbsp;&nbsp;08-01-29 | 1410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1124475 |
| **Health care 0.0%** | **Health care 0.0%** | **Health care 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5453** |
| **Life sciences tools and services 0.0%** | **Life sciences tools and services 0.0%** |  |  |  |
| ICON Luxembourg Sarl, LUX Term Loan (3 month LIBOR + 2.250%) | &nbsp;&nbsp;5.938 | &nbsp;&nbsp;07-03-28 | 4439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4414 |
| ICON Luxembourg Sarl, US Term Loan (3 month LIBOR + 2.250%) | &nbsp;&nbsp;5.938 | &nbsp;&nbsp;07-03-28 | 1045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 21

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials 0.7%** | **Industrials 0.7%** | **Industrials 0.7%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**$13891662** |
| **Airlines 0.7%** | **Airlines 0.7%** |  |  |  |
| AAdvantage Loyalty IP, Ltd., 2021 Term Loan (3 month LIBOR + 4.750%) | &nbsp;&nbsp;8.993 | &nbsp;&nbsp;04-20-28 | 2925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904642 |
| Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) | &nbsp;&nbsp;8.777 | &nbsp;&nbsp;06-21-27 | 4617000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4743968 |
| United Airlines, Inc., 2021 Term Loan B (3 month LIBOR + 3.750%) | &nbsp;&nbsp;8.108 | &nbsp;&nbsp;04-21-28 | 5925390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5842849 |
| **Road and rail 0.0%** | **Road and rail 0.0%** |  |  |  |
| The Hertz Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | &nbsp;&nbsp;7.321 | &nbsp;&nbsp;06-30-28 | 330752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322344 |
| The Hertz Corp., 2021 Term Loan C (1 month LIBOR + 3.250%) | &nbsp;&nbsp;7.321 | &nbsp;&nbsp;06-30-28 | 79890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77859 |
| **Real estate 0.1%** | **Real estate 0.1%** | **Real estate 0.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**945552** |
| **Equity real estate investment trusts 0.1%** | **Equity real estate investment trusts 0.1%** |  |  |  |
| SBA Senior Finance II LLC, 2018 Term Loan B (3 month LIBOR + 1.750%) | &nbsp;&nbsp;5.830 | &nbsp;&nbsp;04-11-25 | 952218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945552 |
| **Collateralized mortgage obligations 5.7%** | **Collateralized mortgage obligations 5.7%** |  |  | **$106770099** |
| (Cost $109,574,874) |  |  |  |  |
| **Commercial and residential 4.0%** | **Commercial and residential 4.0%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**74019306** |
| Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class A1 (B)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-49 | &nbsp;&nbsp;&nbsp;&nbsp;1134715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042722 |
| BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-DSNY, Class A (1 month LIBOR + 0.850%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;5940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5811066 |
| BOCA Commercial Mortgage Trust | BOCA Commercial Mortgage Trust | BOCA Commercial Mortgage Trust | BOCA Commercial Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2226604 |
| BX Commercial Mortgage Trust | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-XL, Class A (1 month CME Term SOFR + 1.034%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;5802427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5700194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;2270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2181826 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-VOLT, Class A (1 month LIBOR + 0.700%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;2595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2483605 |
| BX Trust | BX Trust | BX Trust | BX Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-CLS, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-13-27 | &nbsp;&nbsp;&nbsp;&nbsp;2920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2888924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-GPA, Class A (1 month CME Term SOFR + 2.165%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;3935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3917741 |

---

22 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-GPA, Class B (1 month CME Term SOFR + 2.664%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2342257 |
| CAMB Commercial Mortgage Trust | CAMB Commercial Mortgage Trust | CAMB Commercial Mortgage Trust | CAMB Commercial Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-LIFE, Class A (1 month LIBOR + 1.070%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;1761400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723833 |
| Century Plaza Towers | Century Plaza Towers | Century Plaza Towers | Century Plaza Towers |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-CPT, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-13-39 | &nbsp;&nbsp;&nbsp;&nbsp;5760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4770946 |
| COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-5, Class A1 (B)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;1753030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1660883 |
| Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-ICE4, Class A (1 month LIBOR + 0.980%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;5010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4945315 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-NQM1, Class A1 (2.656% to 11-1-23, then 3.656% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316403 |
| DBCG Mortgage Trust | DBCG Mortgage Trust | DBCG Mortgage Trust | DBCG Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-BBG, Class A (1 month LIBOR + 0.700%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;3585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3513530 |
| GCAT Trust | GCAT Trust | GCAT Trust | GCAT Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM4, Class A1 (5.269% to 8-1-26, then 6.269% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;1982351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1930918 |
| HarborView Mortgage Loan Trust | HarborView Mortgage Loan Trust | HarborView Mortgage Loan Trust | HarborView Mortgage Loan Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3, Class ES IO (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-19-47 | &nbsp;&nbsp;&nbsp;&nbsp;10176334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-4, Class ES IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-19-47 | &nbsp;&nbsp;&nbsp;&nbsp;10559173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121811 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-6, Class ES IO (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;10869497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109228 |
| InTown Mortgage Trust | InTown Mortgage Trust | InTown Mortgage Trust | InTown Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;3215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3182772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-STAY, Class C (1 month CME Term SOFR + 3.685%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956364 |
| Life Mortgage Trust | Life Mortgage Trust | Life Mortgage Trust | Life Mortgage Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;5555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5387919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;5255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5057437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BMR2, Class C (1 month CME Term SOFR + 2.093%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;2425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2327756 |
| New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-5A, Class A1 (1 month LIBOR + 1.500%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448042 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |  |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 23

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2, Class A1 (B)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$166451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-3, Class A1 (B)(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403232 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4, Class A1 (4.474% to 4-1-26, then 5.474% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;5649457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5404216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-8, Class A2 (6.127% to 10-1-26, then 7.127% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;1201397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1177017 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-INV1, Class A1 (5.041% to 8-1-26, then 6.041% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;1750413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1701282 |
| **U.S. Government Agency 1.7%** | **U.S. Government Agency 1.7%** |  |  | **32750793** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;4071544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4018882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;3895034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3868331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;5635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5522300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA7, Class M1A (1 month SOFR + 2.500%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-52 | &nbsp;&nbsp;&nbsp;&nbsp;3087442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3072962 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-HQA1, Class M1B (1 month SOFR + 3.500%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354911 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-HQA2, Class M1B (1 month SOFR + 4.000%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;1550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1520925 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R01, Class 1M1 (1 month SOFR + 1.000%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-41 | &nbsp;&nbsp;&nbsp;&nbsp;1266804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1243919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484142 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;1407124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1389571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R05, Class 2M1 (1 month SOFR + 1.900%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;2646541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2615126 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;1866455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1866455 |

---

24 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **U.S. Government Agency (continued)** | **U.S. Government Agency (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R07, Class 1M1 (1 month SOFR + 2.950%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;3132474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3153769 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R09, Class 2M1 (1 month SOFR + 2.500%) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;3671627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3639500 |
| **Asset backed securities 1.8%** | **Asset backed securities 1.8%** |  |  | **$32913164** |
| (Cost $33,773,357) |  |  |  |  |
| **Asset backed securities 1.8%** | **Asset backed securities 1.8%** |  |  | &nbsp;&nbsp;**32913164** |
| DB Master Finance LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class A2II (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-20-47 | &nbsp;&nbsp;&nbsp;&nbsp;1876425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1697926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2II (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-20-49 | &nbsp;&nbsp;&nbsp;&nbsp;1760850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1626841 |
| Domino's Pizza Master Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-1A, Class A2II (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-45 | &nbsp;&nbsp;&nbsp;&nbsp;3633100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3451812 |
| FirstKey Homes Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR2, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;1520496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1340385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-SFR3, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-17-26 | &nbsp;&nbsp;&nbsp;&nbsp;2235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2103743 |
| MetroNet Infrastructure Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-52 | &nbsp;&nbsp;&nbsp;&nbsp;3265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3114192 |
| MVW LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2A, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-21-41 | &nbsp;&nbsp;&nbsp;&nbsp;4485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4533209 |
| MVW Owner Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-21-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501579 |
| OCCU Auto Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-26 | &nbsp;&nbsp;&nbsp;&nbsp;4970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4958941 |
| Taco Bell Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-1A, Class A23 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-46 | &nbsp;&nbsp;&nbsp;&nbsp;6331500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6077664 |
| T-Mobile US Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-22-28 | &nbsp;&nbsp;&nbsp;&nbsp;3520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506872 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common stocks 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$0** |
| (Cost $3,485,551) |  |  |
| **Communication services 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| **Media 0.0%** |  |  |
| Vertis Holdings, Inc. (J)(K) | &nbsp;&nbsp;300118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Preferred securities 3.0%** |  | &nbsp;&nbsp;**$54907612** |
| (Cost $57,243,641) |  |  |
| **Communication services 0.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6100615** |
| **Media 0.3%** |  |  |
| 2020 Cash Mandatory Exchangeable Trust, 5.250% (B) | &nbsp;&nbsp;&nbsp;&nbsp;3685 | &nbsp;&nbsp;&nbsp;&nbsp;4526728 |
| Paramount Global, 5.750% | &nbsp;&nbsp;50300 | &nbsp;&nbsp;&nbsp;&nbsp;1573887 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 25

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials 0.8%** |  | &nbsp;&nbsp;**$14326652** |
| **Banks 0.6%** |  |  |
| U.S. Bancorp, 5.099% (Greater of 3 month LIBOR + 1.020% or 3.500%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;5174 | &nbsp;&nbsp;&nbsp;&nbsp;4392209 |
| U.S. Bancorp, 5.500% | &nbsp;&nbsp;135700 | &nbsp;&nbsp;&nbsp;&nbsp;3243230 |
| Wells Fargo & Company, 5.850% (5.850% to 9-15-23, then 3 month LIBOR + 3.090%) | &nbsp;&nbsp;165630 | &nbsp;&nbsp;&nbsp;&nbsp;3845929 |
| **Capital markets 0.2%** |  |  |
| Stifel Financial Corp., 4.500% | &nbsp;&nbsp;158600 | &nbsp;&nbsp;&nbsp;&nbsp;2845284 |
| **Health care 0.4%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6807852** |
| **Health care equipment and supplies 0.1%** |  |  |
| Becton, Dickinson and Company, 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;44500 | &nbsp;&nbsp;&nbsp;&nbsp;2197410 |
| **Life sciences tools and services 0.3%** |  |  |
| Danaher Corp., 5.000% | &nbsp;&nbsp;&nbsp;&nbsp;3290 | &nbsp;&nbsp;&nbsp;&nbsp;4610442 |
| **Utilities 1.5%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**27672493** |
| **Electric utilities 1.2%** |  |  |
| American Electric Power Company, Inc., 6.125% | &nbsp;&nbsp;&nbsp;&nbsp;77550 | &nbsp;&nbsp;&nbsp;&nbsp;4096191 |
| NextEra Energy, Inc., 6.219% | &nbsp;&nbsp;&nbsp;&nbsp;95900 | &nbsp;&nbsp;&nbsp;&nbsp;4828565 |
| NextEra Energy, Inc., 6.926% | &nbsp;&nbsp;255000 | &nbsp;&nbsp;&nbsp;12474600 |
| **Independent power and renewable electricity<br>producers 0.3%** |  |  |
| The AES Corp., 6.875% | &nbsp;&nbsp;&nbsp;&nbsp;61100 | &nbsp;&nbsp;&nbsp;&nbsp;6273137 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | &nbsp;&nbsp;**Value** |
| **Short-term investments 3.7%** |  |  | **$68719915** |
| (Cost $68,711,321) |  |  |  |
| **Short-term funds 3.7%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**68719915** |
| John Hancock Collateral Trust (L) | &nbsp;&nbsp;3.8739(M) | 6876324 | &nbsp;&nbsp;&nbsp;&nbsp;68719915 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $2,096,642,192) 101.2%** | &nbsp;&nbsp;**$1877224472** |
| **Other assets and liabilities, net (1.2%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(22269315)** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$1854955157** |

---

---

| | |
|:---|:---|
| 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** |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CNY | Chinese Yuan Renminbi |
| COP | Colombian Peso |
| EUR | Euro |
| GBP | Pound Sterling |

---

26 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | |
|:---|:---|
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | Korean Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PHP | Philippine Peso |
| SGD | Singapore Dollar |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CDOR | Canadian Dollar Offered Rate |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| LIBOR | London Interbank Offered Rate |
| NIBOR | Norwegian Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Interbank Average Rate |
| TBA | To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date. |
| (A) | Security purchased or sold on a when-issued or delayed delivery basis. |
| (B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $571,350,996 or 30.8% of the fund's net assets as of 11-30-22. |
| (C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (D) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (E) | All or a portion of this security is on loan as of 11-30-22. |
| (F) | Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end. |
| (G) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
| (H) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
| (I) | 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. |
| (J) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
| (K) | Non-income producing security. |
| (L) | Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Cash collateral received for securities lending amounted to $946,342. |
| (M) | The rate shown is the annualized seven-day yield as of 11-30-22. |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 27

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_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)** |
| German Euro BUND Futures | &nbsp;&nbsp;31 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Dec 2022 | &nbsp;&nbsp;$(4682044) | &nbsp;&nbsp;$(4544592) | &nbsp;&nbsp;&nbsp;$137452 |
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;12 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2023 | &nbsp;&nbsp;&nbsp;&nbsp;(1517419) | &nbsp;&nbsp;&nbsp;&nbsp;(1524000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6581) |
|  |  |  |  |  |  | &nbsp;&nbsp;**$130871** |

---

^ 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** |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp;15981080 | USD | &nbsp;&nbsp;10648673 | GSI | 1/18/2023 | $220388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;20503578 | USD | &nbsp;&nbsp;&nbsp;&nbsp;3763947 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;152275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;19881997 | USD | &nbsp;&nbsp;14670763 | BARC | 1/18/2023 | &nbsp;&nbsp;&nbsp;121092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;43638844 | USD | &nbsp;&nbsp;31987370 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;479160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;22234256 | USD | &nbsp;&nbsp;16223469 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;318426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;14006725 | USD | &nbsp;&nbsp;10287619 | GSI | 1/18/2023 | &nbsp;&nbsp;&nbsp;133137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;26824922 | USD | &nbsp;&nbsp;19602222 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;355047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;37574674 | USD | &nbsp;&nbsp;27569010 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;385884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;19167007 | USD | &nbsp;&nbsp;13822355 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;437560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;43661033 | USD | &nbsp;&nbsp;31893697 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;589341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;27045704 | USD | &nbsp;&nbsp;19761873 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;359654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9949112 | USD | &nbsp;&nbsp;&nbsp;&nbsp;7335382 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;66582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| COP | 5375357795 | USD | &nbsp;&nbsp;&nbsp;&nbsp;1112450 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(8068) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3845230 | NOK | &nbsp;&nbsp;39414651 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;11920211 | NOK | 123271767 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (86680) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8029964 | USD | &nbsp;&nbsp;&nbsp;&nbsp;7827681 | BARC | 1/18/2023 | &nbsp;&nbsp;&nbsp;560664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;25175000 | USD | &nbsp;&nbsp;25387099 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;911472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8225025 | USD | &nbsp;&nbsp;&nbsp;&nbsp;8598443 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(6331) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6401920 | USD | &nbsp;&nbsp;&nbsp;&nbsp;6171488 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;516152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;17823106 | USD | &nbsp;&nbsp;17846091 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;772467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8225025 | USD | &nbsp;&nbsp;&nbsp;&nbsp;8616438 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (24326) |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599893 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645866 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;78345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPY | &nbsp;&nbsp;&nbsp;729219780 | USD | &nbsp;&nbsp;&nbsp;&nbsp;4909490 | ANZ | 1/18/2023 | &nbsp;&nbsp;&nbsp;404286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPY | &nbsp;&nbsp;&nbsp;707239793 | USD | &nbsp;&nbsp;&nbsp;&nbsp;4951966 | GSI | 1/18/2023 | &nbsp;&nbsp;&nbsp;201643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPY | &nbsp;&nbsp;&nbsp;715126106 | USD | &nbsp;&nbsp;&nbsp;&nbsp;4909490 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;301586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPY | &nbsp;&nbsp;&nbsp;321825325 | USD | &nbsp;&nbsp;&nbsp;&nbsp;2160176 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;184944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPY | &nbsp;&nbsp;&nbsp;720299433 | USD | &nbsp;&nbsp;&nbsp;&nbsp;4909490 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;339284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1743708 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89046 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2747474 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135943 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| NZD | &nbsp;&nbsp;&nbsp;&nbsp;14506805 | USD | &nbsp;&nbsp;&nbsp;&nbsp;8825635 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;321926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | &nbsp;&nbsp;&nbsp;&nbsp;13148386 | USD | &nbsp;&nbsp;&nbsp;&nbsp;9553882 | BARC | 1/18/2023 | &nbsp;&nbsp;&nbsp;111544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6612539 | USD | &nbsp;&nbsp;&nbsp;&nbsp;4776941 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;83960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

28 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

#### FORWARD FOREIGN CURRENCY CONTRACTS (continued)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
| SGD | &nbsp;&nbsp;6586733 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4776941 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;$64990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | 13475553 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9514685 | GSI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;391242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | 19774575 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14330822 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;205539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | 53769304 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37957457 | MSCS | 1/18/2023 | 1568547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | 13537350 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9514685 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;436670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SGD | 20119158 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14213667 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;575998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | 37065510 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54586049 | ANZ | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(59583) |
| USD | 15259514 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23111571 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(459140) |
| USD | &nbsp;&nbsp;2086733 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3102411 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(23280) |
| USD | 18952612 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99962750 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(140463) |
| USD | 31081316 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42347853 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(424739) |
| USD | 27783593 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37836494 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(366090) |
| USD | 16372984 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22362646 | GSI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(264430) |
| USD | 18163231 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24594663 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(134764) |
| USD | 16350049 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22259165 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(210376) |
| USD | 27418368 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37284679 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(320775) |
| USD | 28990630 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39653694 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(511019) |
| USD | 23425988 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31779915 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(217708) |
| USD | &nbsp;&nbsp;6664687 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9135387 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(131880) |
| USD | &nbsp;&nbsp;7758262 | COP | 35069282602 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;553182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | 16945304 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16783333 | BOA | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(587077) |
| USD | &nbsp;&nbsp;8746774 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8847632 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(495732) |
| USD | 50971900 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50424692 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (1703267) |
| USD | 16704358 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16945503 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(997430) |
| USD | 16412709 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16434969 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(755760) |
| USD | &nbsp;&nbsp;8654166 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8225025 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;62054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | 67080071 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66747753 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (2646663) |
| USD | 29329653 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25361615 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (1287761) |
| USD | 12546281 | JPY | &nbsp;&nbsp;1784935809 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(460426) |
| USD | &nbsp;&nbsp;9907905 | JPY | &nbsp;&nbsp;1430278534 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(514438) |
| USD | &nbsp;&nbsp;7727945 | JPY | &nbsp;&nbsp;1093691191 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(241709) |
| USD | &nbsp;&nbsp;4955939 | JPY | &nbsp;&nbsp;&nbsp;&nbsp;722759228 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(310759) |
| USD | &nbsp;&nbsp;4955939 | JPY | &nbsp;&nbsp;&nbsp;&nbsp;717894974 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(275314) |
| USD | &nbsp;&nbsp;1009477 | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19822537 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9574) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;282194 | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5543116 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2770) |
| USD | 20340310 | MXN | &nbsp;&nbsp;&nbsp;&nbsp;416675008 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (1080422) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;538487 | NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5803092 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(51789) |
| USD | 20950057 | NOK | &nbsp;&nbsp;&nbsp;&nbsp;210313373 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(442493) |
| USD | 11300791 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18540140 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(390072) |
| USD | &nbsp;&nbsp;6123755 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10273722 | MSCS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(354550) |
| USD | 12833500 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21334586 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(619458) |
| USD | 15709633 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26895872 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (1250108) |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 29

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
| USD | &nbsp;&nbsp;9451192 | SGD | 13395930 | BARC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(396205) |
| USD | 18957919 | SGD | 26807180 | CIBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(748135) |
| USD | &nbsp;&nbsp;7555474 | SGD | 10804918 | CITI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(387259) |
| USD | &nbsp;&nbsp;9539186 | SGD | 13381570 | GSI | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(297654) |
| USD | 36147684 | SGD | 51450682 | HUS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1673897) |
| USD | 36082743 | SGD | 51392577 | JPM | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1696125) |
| USD | &nbsp;&nbsp;9508992 | SGD | 13501371 | RBC | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(415914) |
| USD | &nbsp;&nbsp;9444343 | SGD | 13519294 | SSB | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(493738) |
| USD | &nbsp;&nbsp;9573933 | SGD | 13457982 | UBS | 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(319078) |
|  |  |  |  |  |  | **$12278622** | **$(24295229)** |

---

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| COP | Colombian Peso |
| EUR | Euro |
| GBP | Pound Sterling |
| JPY | Japanese Yen |
| MXN | Mexican Peso |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| SGD | Singapore Dollar |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| ANZ | Australia and New Zealand Banking Group Limited |
| BARC | Barclays Bank PLC |
| BOA | Bank of America, N.A. |
| CIBC | Canadian Imperial Bank of Commerce |
| CITI | Citibank, N.A. |
| GSI | Goldman Sachs International |
| HUS | HSBC Bank USA, N.A. |
| JPM | JPMorgan Chase Bank, N.A. |
| MSCS | Morgan Stanley Capital Services LLC |
| OTC | Over-the-counter |
| RBC | Royal Bank of Canada |
| SSB | State Street Bank and Trust Company |
| UBS | UBS AG |

---

At 11-30-22, the aggregate cost of investments for federal income tax purposes was $2,062,667,966. Net unrealized depreciation aggregated to $197,329,230, of which $8,349,349 related to gross unrealized appreciation and $205,678,579 related to gross unrealized depreciation.

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

30 JOHN HANCOCK INCOME FUND \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Financial statements

#### STATEMENT OF ASSETS AND LIABILITIES 11-30-22 (unaudited)

------

---

| | |
|:---|:---|
| **Assets** |  |
| Unaffiliated investments, at value (Cost $2,027,930,871) including $965,298 of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;$1808504557 |
| Affiliated investments, at value (Cost $68,711,321) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68719915 |
| **Total investments, at value (Cost $2,096,642,192)** | &nbsp;&nbsp;&nbsp;&nbsp;**1877224472** |
| Unrealized appreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12278622 |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3405737 |
| Foreign currency, at value (Cost $1,049,031) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1107204 |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413016 |
| Collateral segregated at custodian for OTC derivative contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10940000 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16958909 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1808760 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18494238 |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8832 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270093 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**1942909883** |
| **Liabilities** |  |
| Unrealized depreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24295229 |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14252 |
| Distributions payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231557 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12708084 |
| Payable for delayed delivery securities purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46958620 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2392033 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984860 |
| Payable to affiliates |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2078 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172388 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**87954726** |
| **Net assets** | &nbsp;&nbsp;**$1854955157** |
| **Net assets consist of** |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$2253925662 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(398970505) |
| **Net assets** | &nbsp;&nbsp;**$1854955157** |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 31

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

#### STATEMENT OF ASSETS AND LIABILITIES (continued)

------

---

| | |
|:---|:---|
| **Net asset value per share** |  |
| Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value |  |
| Class A ($492,403,759 ÷ 85,907,725 shares)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.73 |
| Class C ($15,418,706 ÷ 2,689,831 shares)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.73 |
| Class I ($424,550,212 ÷ 74,213,023 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.72 |
| Class R2 ($8,906,974 ÷ 1,555,935 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.72 |
| Class R4 ($532,693 ÷ 92,960 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.73 |
| Class R5 ($5,439,376 ÷ 950,363 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.72 |
| Class R6 ($907,703,437 ÷ 158,483,612 shares) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.73 |
| **Maximum offering price per share** |  |
| Class A (net asset value per share ÷ 96%)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5.97 |

---

<sup>1</sup> Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

<sup>2</sup> On single retail sales of less than $100,000. On sales of $100,000 or more and on group sales the offering price is reduced.

32 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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#### STATEMENT OF OPERATIONS For the six months ended 11-30-22 (unaudited)

------

---

| | |
|:---|:---|
| **Investment income** |  |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34641685 |
| Dividends | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1860157 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472115 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71158 |
| Other income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(165066) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;**36880436** |
| **Expenses** |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3238806 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871664 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142303 |
| Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618208 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17979 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170605 |
| State registration fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72158 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57671 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66872 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64949 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5321215** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74463) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5246752** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;**31633684** |
| **Realized and unrealized gain (loss)** |  |
| **Net realized gain (loss) on** |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59581461) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24752) |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3820898 |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25350408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**(30434907)** |
| **Change in net unrealized appreciation (depreciation) of** |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48267009) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21740 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1028930) |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11620728) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**(60894927)** |
| **Net realized and unrealized loss** | &nbsp;&nbsp;&nbsp;&nbsp;**(91329834)** |
| **Decrease in net assets from operations** | &nbsp;&nbsp;**$(59696150)** |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 33

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

#### STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Six months ended<br> 11-30-22<br> (unaudited)** | &nbsp;&nbsp;**Year ended<br> 5-31-22** |
| **Increase (decrease) in net assets** |  |  |
| **From operations** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$31633684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$58482829 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30434907) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025794 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60894927) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222754080) |
| **Decrease in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(59696150)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(163245457)** |
| **Distributions to shareholders** |  |  |
| From earnings |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8039123) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20146298) |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(216528) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(676955) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7683194) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21633356) |
| Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(149792) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(392598) |
| Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13169) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91981) |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(108018) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(308144) |
| Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16070618) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36159034) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(32280442)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(79408366)** |
| **From fund share transactions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(20585407)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**69023985** |
| **Total decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(112561999)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(173629838)** |
| **Net assets** |  |  |
| Beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1967517156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2141146994 |
| **End of period** | &nbsp;&nbsp;**$1854955157** | &nbsp;&nbsp;**$1967517156** |

---

34 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

Financial highlights

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS A SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.47** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.66) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.19)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.50)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.51** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.02)** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.09) | &nbsp;&nbsp;&nbsp;&nbsp;(0.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.73** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** |
| **Total return (%)<sup>3,4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(3.12)<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.72)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.17** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.43)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;$492 | &nbsp;&nbsp;&nbsp;&nbsp;$536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$607 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.83<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.82<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.79 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.03 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Does not reflect the effect of sales charges, if any.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 35

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[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS C SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.47** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.65) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.21)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.54)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.46** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.18** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.07)** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.07) | &nbsp;&nbsp;&nbsp;&nbsp;(0.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.15) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.73** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** |
| **Total return (%)<sup>3,4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(3.46)<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(8.37)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.41** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.77** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.99** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.12)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$211 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.53<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.52<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.49 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.32 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Does not reflect the effect of sales charges, if any.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

36 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS I SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.37** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.46** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.21 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.66) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.23) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.18)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.48)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.54** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.29** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.02)** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.10) | &nbsp;&nbsp;&nbsp;&nbsp;(0.24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.21) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.72** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.37** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.23** |
| **Total return (%)<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(2.98)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.32)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.51** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.65** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.18** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.29)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;$425 | &nbsp;&nbsp;&nbsp;&nbsp;$480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$837 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.53<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.52<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.49 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.41<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.31 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Not annualized.

<sup>5</sup> Annualized.

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 37

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS R2 SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.46** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.65) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.19)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.50)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.03)** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.09) | &nbsp;&nbsp;&nbsp;&nbsp;(0.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.72** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** |
| **Total return (%)<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(3.17)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.82)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.07** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.41** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.61** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.54)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.89 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.02<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.92 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Not annualized.

<sup>5</sup> Annualized.

38 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS R4 SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.47** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.27) | &nbsp;&nbsp;&nbsp;&nbsp;(0.66) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.18)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.49)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.52** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.29** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.02)** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.10) | &nbsp;&nbsp;&nbsp;&nbsp;(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.73** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.39** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.28** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.25** |
| **Total return (%)<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(3.04)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.58)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.34** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.67** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.87** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.28)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$143 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.77<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.66<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.64 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.22<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.18 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Not annualized.

<sup>5</sup> Annualized.

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 39

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS R5 SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.46** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.66) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.18)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.48)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.53** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.30** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.10) | &nbsp;&nbsp;&nbsp;&nbsp;(0.24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.72** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.00** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.72** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** |
| **Total return (%)<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(2.95)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.41)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.57** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.88** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.08** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.09)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.47<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.45 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.46<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.44 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.46<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Not annualized.

<sup>5</sup> Annualized.

40 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CLASS R6 SHARES Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-19** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-18** |
| **Per share operating performance** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.46** |
| Net investment income<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;(0.28) | &nbsp;&nbsp;&nbsp;&nbsp;(0.66) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.18)** | &nbsp;&nbsp;&nbsp;&nbsp;**(0.47)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.54** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.31** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Less distributions** |  |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.10) | &nbsp;&nbsp;&nbsp;&nbsp;(0.25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;**$5.73** | &nbsp;&nbsp;&nbsp;&nbsp;**$6.01** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.38** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.27** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6.24** |
| **Total return (%)<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(2.92)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**(7.21)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.61** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.93** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.13** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.03)** |
| **Ratios and supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;$908 | &nbsp;&nbsp;&nbsp;&nbsp;$914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1525 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.42<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.41<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.39 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.53<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Based on average daily shares outstanding.

<sup>3</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

<sup>4</sup> Not annualized.

<sup>5</sup> Annualized.

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 41

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Notes to financial statements (unaudited)

#### Note 1 — Organization
John Hancock Income Fund (the fund) is a series of John Hancock Strategic Series (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek a high level of current income.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2, Class R4 and Class R5 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

#### Note 2 — Significant accounting policies
The 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 financial statements. The following summarizes the significant accounting policies of the fund:

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Advisor's Valuation Policies and Procedures.**

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. 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.

In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

42 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the 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 fund's investments as of November 30, 2022, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 11-30-22** | **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;U.S. Government and Agency obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$265084621** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$265084621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign government obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**435156725** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435156725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**847072526** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847072526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**38354267** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38354267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3343277** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3343277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**661701** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24240565** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24240565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**106770099** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106770099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32913164** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32913164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**54907612** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$50380884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4526728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**68719915** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68719915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$1877224472** | **$119100799** | **$1758123673** | **—** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$137452** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$137452 | &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;**12278622** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12278622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6581)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 43

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 11-30-22** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(24295229)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(24295229) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* |

---

**When-issued/delayed-delivery securities. The fund may purchase or sell debt securities on a when-issued or delayed-delivery basis, or in a "To Be Announced" (TBA) or "forward commitment" transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the portfolio or in a schedule to the portfolio (Sale Commitments Outstanding). At the time a fund enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in its NAV. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues until settlement takes place. At the time that the fund enters into this type of transaction, the fund is required to have sufficient cash and/or liquid securities to cover its commitments.** 

Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer's failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to changes in the value of the securities purchased or sold prior to settlement date.

**Term loans (Floating rate loans). The fund may invest in term loans, which are debt securities and are often rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale and generally have longer settlement periods than conventional debt securities. Term loans involve special types of risk, including credit risk, interest-rate risk, counterparty risk, and risk associated with extended settlement. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.** 

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's failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the fund's income and would likely reduce the value of its assets. Transactions in loan investments typically take a significant amount of time (i.e., seven days or longer) to settle. This could pose a liquidity risk to the fund and, if the fund's exposure to such investments is substantial, it could impair the fund's ability to meet redemptions. 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 and/or term loan agents. There is greater risk that the fund may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.

**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**

44 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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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 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.

**Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of their fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.**

**Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily 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 is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.**

**Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund may invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT is a prime money market fund and invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.** 

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. During the existence of the loan, the fund will receive from the borrower amounts equivalent to any dividends, interest or other distributions on the loaned securities, as well as interest on such amounts. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 45

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Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of November 30, 2022, the fund loaned securities valued at $965,298 and received $984,860 of cash collateral.

**Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.** 

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

**Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.**

**Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund's custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.**

**Line of credit. The fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the six months ended November 30, 2022, the fund had no borrowings under the line of credit. Commitment fees for the six months ended November 30, 2022 were $4,521.**

**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 daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily 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.**

46 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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For federal income tax purposes, as of May 31, 2022, the fund has a short-term capital loss carryforward of $106,881,680 and a long-term capital loss carryforward of $64,068,691 available to offset future net realized capital gains. These carryforwards do not expire.

As of May 31, 2022, 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.

**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 dividends daily and pays them monthly. 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, 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 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 financial statements are adjusted for permanent book-tax differences. 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 contingent payment debt instrument, foreign currency transactions, derivative transactions and amortization and accretion on debt securities.

#### 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 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

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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 Fund's investments, or if cash is posted, on the 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 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 Statement of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the 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. Payable for futures variation margin is included on the 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 November 30, 2022, the fund used futures contracts to manage duration of the fund. The fund held futures contracts with USD notional values ranging $6.07 million to $56.57 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 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 November 30, 2022, the fund used forward foreign currency contracts to manage against anticipated changes in currency exchange rates. The fund held forward foreign currency contracts with USD notional values ranging $1,204.1 million to $1,468.8 million, as measured at each quarter end.

48 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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#### Fair value of derivative instruments by risk category
The table below summarizes the fair value of derivatives held by the fund at November 30, 2022 by risk category:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Risk** | &nbsp;&nbsp;**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;$137452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(6581) |
| Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;12278622 | &nbsp;&nbsp;&nbsp;&nbsp;(24295229) |
|  |  |  | **$12416074** | **$(24301810)** |

---

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

For financial reporting purposes, the fund does not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the 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 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 November 30, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;&nbsp;$3820898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3820898 |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$25350408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25350408 |
| **Total** | &nbsp;&nbsp;&nbsp;**$3820898** | &nbsp;&nbsp;&nbsp;**$25350408** | &nbsp;&nbsp;&nbsp;**$29171306** |

---

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 November 30, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;&nbsp;$(1028930) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1028930) |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(11620728) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11620728) |
| **Total** | &nbsp;&nbsp;&nbsp;**$(1028930)** | &nbsp;&nbsp;&nbsp;**$(11620728)** | &nbsp;&nbsp;&nbsp;**$(12649658)** |

---

#### Note 4 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including 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.

SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 49

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#### 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 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 a daily management fee to the Advisor, equivalent on an annual basis to the sum of: (a) 0.60% of the first $100 million of the fund's average daily net assets; (b) 0.45% of the next $150 million of the fund's average daily net assets; (c) 0.40% of the next $250 million of the fund's average daily net assets; (d) 0.35% of the next $150 million of the fund's average daily net assets; and (e) 0.30% of the fund's average daily net assets in excess of $650 million. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.**

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the six months ended November 30, 2022, this waiver amounted to 0.01% of the fund's average daily net assets, on an annualized basis. This arrangement expires on July 31, 2024, 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.

For the six months ended November 30, 2022, the expense reductions described above amounted to the following:

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;**Expense reduction** |
| Class A | &nbsp;&nbsp;$19943 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688 |
| Class I | &nbsp;&nbsp;&nbsp;17420 |
| Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382 |

---

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;**Expense reduction** |
| Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$31 |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241 |
| Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;35360 |
| **Total** | &nbsp;&nbsp;**$74065** |

---

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 November 30, 2022, were equivalent to a net annual effective rate of 0.34% of the fund's average daily net assets.

**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 November 30, 2022, amounted to an annual rate of 0.02% of the fund's average daily 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 as detailed below 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 certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund's shares:**

50 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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---

| | | |
|:---|:---|:---|
| **Class** | &nbsp;&nbsp;&nbsp;**Rule 12b-1 Fee** | &nbsp;&nbsp;&nbsp;**Service fee** |
| Class A | &nbsp;&nbsp;0.30% | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Class C | &nbsp;&nbsp;1.00% | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Class R2 | &nbsp;&nbsp;0.25% | &nbsp;&nbsp;0.25% |
| Class R4 | &nbsp;&nbsp;0.25% | &nbsp;&nbsp;0.10% |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;0.05% |

---

The fund's Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on September 30, 2023, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $398 for Class R4 shares for the six months ended November 30, 2022.

**Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $75,912 for the six months ended November 30, 2022. Of this amount, $10,875 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $65,037 was paid as sales commissions to broker-dealers.**

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended November 30, 2022, CDSCs received by the Distributor amounted to $4,405 and $954 for Class A and Class C shares, respectively.

**Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.**

#### Class level expenses. Class level expenses for the six months ended November 30, 2022 were as follows:

---

| | | |
|:---|:---|:---|
| **Class** | &nbsp;&nbsp;&nbsp;**Distribution and service fees** | &nbsp;&nbsp;&nbsp;**Transfer agent fees** |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;$757476 | &nbsp;&nbsp;&nbsp;&nbsp;$300491 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10404 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;262803 |
| Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473 |
| Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298 |
| Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43700 |
| **Total** | &nbsp;&nbsp;**$871664** | &nbsp;&nbsp;**$618208** |

---

SEMIANNUAL REPORT \| JOHN HANCOCK Income Fund 51

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**Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.**

#### Note 6 — Fund share transactions
Transactions in fund shares for the six months ended November 30, 2022 and for the year ended May 31, 2022 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4421758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25374499 | &nbsp;&nbsp;&nbsp;&nbsp;10888059 | &nbsp;&nbsp;&nbsp;&nbsp;$70564280 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1283895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7358477 | &nbsp;&nbsp;&nbsp;&nbsp;2845510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18370644 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(8972817) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51492274) | &nbsp;&nbsp;&nbsp;(16294627) | &nbsp;&nbsp;&nbsp;&nbsp;(105139907) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(3267164)** | &nbsp;&nbsp;&nbsp;**$(18759298)** | &nbsp;&nbsp;&nbsp;**(2561058)** | &nbsp;&nbsp;&nbsp;**$(16204983)** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$887948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1601313 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652389 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(819533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4686985) | &nbsp;&nbsp;&nbsp;&nbsp;(1517538) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9857066) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(625731)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3586320)** | &nbsp;&nbsp;&nbsp;**(1168602)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(7603364)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6997152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$40467850 | &nbsp;&nbsp;&nbsp;&nbsp;19889419 | &nbsp;&nbsp;&nbsp;$129467798 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1264390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7234140 | &nbsp;&nbsp;&nbsp;&nbsp;3165061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20422236 |
| Repurchased | &nbsp;&nbsp;&nbsp;(13983456) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80266176) | &nbsp;&nbsp;&nbsp;(32639786) | &nbsp;&nbsp;&nbsp;&nbsp;(207939835) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(5721914)** | &nbsp;&nbsp;&nbsp;**$(32564186)** | &nbsp;&nbsp;&nbsp;**(9585306)** | &nbsp;&nbsp;&nbsp;**$(58049801)** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$450804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4939912 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389801 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(344079) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1999729) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(506055) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3236222) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(239936)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1400360)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**304262** | &nbsp;&nbsp;&nbsp;&nbsp;**$2093491** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$494767 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91974 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(111152) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(644180) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(398627) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2621887) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(103840)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(601889)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(309973)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2035146)** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$800174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$983972 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306057 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(254208) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1435875) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(593752) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3869997) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(97068)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(527720)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(395285)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2579968)** |

---

52 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;16319103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$93633953 | &nbsp;&nbsp;&nbsp;&nbsp;44634766 | &nbsp;&nbsp;&nbsp;$292649550 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2765337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15842271 | &nbsp;&nbsp;&nbsp;&nbsp;5490566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35363966 |
| Repurchased | &nbsp;&nbsp;&nbsp;(12704764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72621858) | &nbsp;&nbsp;&nbsp;(27119635) | &nbsp;&nbsp;&nbsp;&nbsp;(174609760) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**6379676** | &nbsp;&nbsp;&nbsp;&nbsp;**$36854366** | &nbsp;&nbsp;**23005697** | &nbsp;&nbsp;**$153403756** |
| **Total net increase (decrease)** | &nbsp;&nbsp;**(3675977)** | &nbsp;&nbsp;**$(20585407)** | &nbsp;&nbsp;&nbsp;**9289735** | &nbsp;&nbsp;**$69023985** |

---

#### Note 7 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments and U.S. Treasury obligations, amounted to $323,437,802 and $430,767,549, respectively, for the six months ended November 30, 2022. Purchases and sales of U.S. Treasury obligations aggregated $101,592,486 and $34,601,208, respectively, for the six months ended November 30, 2022.

#### Note 8 — Investment in affiliated underlying funds
The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| John Hancock Collateral Trust\* | 6876324 | $19764780 | $269881931 | $(220923784) | $(24752) | $21740 | $543273 |  | $68719915 |

---

\* Refer to the Securities lending note within Note 2 for details regarding this investment.

#### Note 9 — LIBOR discontinuation risk
LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR. As market participants transition away from LIBOR, LIBOR's usefulness may deteriorate and these effects could be experienced until the permanent cessation of the majority of U.S. LIBOR rates in 2023. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR's deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.

The ICE Benchmark Administration Limited, the administrator of LIBOR, ceased publishing certain LIBOR maturities, including some U.S. LIBOR maturities, on December 31, 2021, and is expected to cease publishing the remaining and most liquid U.S. LIBOR maturities on June 30, 2023. It is expected that market participants have or will transition to the use of alternative reference or benchmark rates prior to the applicable LIBOR publication cessation date. Additionally, although regulators have encouraged the development and adoption of alternative rates such as the Secured Overnight Financing Rate ("SOFR"), the future utilization of LIBOR or of any particular replacement rate remains uncertain.

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The impact on the transition away from LIBOR referenced financial instruments remains uncertain. It is expected that market participants will adopt alternative rates such as SOFR or otherwise amend such financial instruments to include fallback provisions and other measures that contemplate the discontinuation of LIBOR. Uncertainty and risk remain regarding the willingness and ability of issuers and lenders to include alternative rates and revised provisions in new and existing contracts or instruments. To facilitate the transition of legacy derivatives contracts referencing LIBOR, the International Swaps and Derivatives Association, Inc. launched a protocol to incorporate fallback provisions. There are obstacles to converting certain longer term securities to a new benchmark or benchmarks and the effectiveness of one versus multiple alternative reference rates has not been determined. Certain proposed replacement rates, such as SOFR, are materially different from LIBOR, and will require changes to the applicable spreads. Furthermore, the risks associated with the conversion from LIBOR may be exacerbated if an orderly transition is not completed in a timely manner.

#### Note 10 — Coronavirus (COVID-19) pandemic
The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect fund performance.

#### Note 11 — New accounting pronouncement
In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2024. Management expects that the adoption of the guidance will not have a material impact to the financial statements.

54 JOHN HANCOCK Income Fund \| SEMIANNUAL REPORT

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#### SHAREHOLDER MEETING

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(Unaudited)

The fund held a Special Joint Meeting of Shareholders on Friday, September 9, 2022. The following proposal was considered by the shareholders:

#### Proposal: To elect eight Trustees as members of the Board of Trustees of each of the Trusts.
THE PROPOSAL <u>PASSED</u> ON September 9, 2022.

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Total votes<br> for the nominee** | &nbsp;&nbsp;&nbsp;**Total votes withheld<br> from the nominee** |
| **Independent Trustees** |  |  |
| James R. Boyle | &nbsp;&nbsp;177164340.014 | &nbsp;&nbsp;3716147.788 |
| Noni L. Ellison | &nbsp;&nbsp;177128347.574 | &nbsp;&nbsp;3752140.228 |
| Dean C. Garfield | &nbsp;&nbsp;177036851.380 | &nbsp;&nbsp;3843636.422 |
| Patricia Lizarraga | &nbsp;&nbsp;177237883.950 | &nbsp;&nbsp;3642603.852 |
| Frances G. Rathke | &nbsp;&nbsp;177205849.291 | &nbsp;&nbsp;3674638.511 |

---

---

| | | |
|:---|:---|:---|
| **Non-Independent Trustees** |  |  |
| Andrew G. Arnott | &nbsp;&nbsp;177,118,200.389 | &nbsp;&nbsp;3,762,287.413 |
| Marianne Harrison | &nbsp;&nbsp;177,285,876.701 | &nbsp;&nbsp;3,594,611.101 |
| Paul Lorentz | &nbsp;&nbsp;177,166,810.586 | &nbsp;&nbsp;3,713,677.216 |

---

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

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This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Strategic Series (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) Manulife Investment Management (US) LLC (the Subadvisor), for John Hancock Income Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 21-23, 2022 videoconference<sup>1</sup> 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 May 24-25, 2022. 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 videoconference meetings held on June 21-23, 2022, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, 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, 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 meetings 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 May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. 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.

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<sup>1</sup>On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the "Order") pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board's May and June meetings were held via videoconference in reliance on the Order. This exemptive order supersedes, in part, a similar earlier exemptive order issued by the SEC.

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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 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 its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of fund performance and operations throughout the year.

*<u>Nature, extent, and quality of services</u><u>.</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 Trust'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 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 of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.*

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management and the quality of the performance of the Advisor's duties, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (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 Trust's affairs and its subadvisory relationship, 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 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;

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(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;

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

(g) the Advisor's reputation and experience in serving as an investment advisor to the Trust 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 the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index for the one-, three-, five- and ten-year periods ended December 31, 2021. The Board also noted that the fund outperformed the peer group median for the three-year period and underperformed the peer group median for the one-, five- and ten-year periods ended December 31, 2021. The Board took into account management's discussion of the factors that contributed to the fund's performance for the peer group median for the one-, five- and ten-year periods. The Board took into account management's discussion of the fund's performance, including the fund's favorable performance relative to the benchmark index for the one-, three-, five- and ten-year periods and relative to the peer group for the three-year period. 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.

*<u>Fees and expenses</u><u>.</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. 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 net management fees and net total expenses for the fund are lower than the peer group median.*

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The Board took into account management's discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee 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 also noted that the Advisor pays the subadvisory fee. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund's operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund's distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor's and Subadvisor's services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

*<u>Profitability/Fall out benefits</u><u>.</u> In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor's relationship with the Trust, 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 and considered that the Advisor hired an independent third-party consultant to provide an
analysis of the Advisor's allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust 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 Trust 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 transfer agency services and 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 fund's Subadvisor is an affiliate of the Advisor;

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

(j) noted that the subadvisory fee for the fund is paid by the Advisor;

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(k) considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(l) 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 level of profitability, if any, of the Advisor and its affiliates (including the Subadvisor) from their relationship with the fund was reasonable and not excessive.

*<u>Economies of scale</u><u>.</u> In considering the extent to which economies of scale would be realized as 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. The amount of the reimbursement is calculated daily and
allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund's advisory fee structure and concluded that: (i) the fund's fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the
advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements 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; and

(c) the Board also considered the effect of the fund's 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:

(1) information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data.

*<u>Nature, extent, and quality of services</u><u>.</u> With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of staffing and its overall resources, as well as received 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 also 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*

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appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust'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><u>.</u> In considering the cost of services to be 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 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><u>.</u> The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board also noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.*

*<u>Subadvisor performance</u><u>.</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 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;

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

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit
shareholders to benefit from economies of scale if the fund grows.

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Based on the Board's evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal 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.

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More information

#### Trustees
Hassell H. McClellan, *Chairperson* Steven R. Pruchansky, *Vice Chairperson* Andrew G. Arnott<sup>†</sup>

James R. Boyle

Peter S. Burgess<sup>\*,#</sup>

William H. Cunningham<sup>\*</sup>

Grace K. Fey

Noni L. Ellison<sup>^</sup>

Dean C. Garfield<sup>^</sup>

Marianne Harrison<sup>†</sup>

Deborah C. Jackson

Patricia Lizarraga<sup>\*,^</sup>

Paul Lorentz<sup>‡</sup>

Frances G. Rathke<sup>\*</sup>

Gregory A. Russo

#### Officers
Andrew G. Arnott

*President*

Charles A. Rizzo

*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
Manulife Investment Management (US) LLC

#### Portfolio Managers
Christopher M. Chapman, CFA

Thomas C. Goggins

Daniel S. Janis III<sup>§</sup>

Bradley L. Lutz, CFA

Kisoo Park

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

#### Custodian
State Street Bank and Trust Company

#### Transfer agent
John Hancock Signature Services, Inc.

#### Legal counsel
K&L Gates LLP

<sup>†</sup> Non-Independent Trustee

\* Member of the Audit Committee

<sup>#</sup> Mr. Burgess is retiring effective December 31, 2022.

^ Elected to serve as Independent Trustee effective as of September 9, 2022.

‡ Elected to serve as Non-Independent Trustee effective as of September 9, 2022.

<sup>§</sup> Mr. Janis is retiring effective March 15, 2023.

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 800-225-5291.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;You can also contact us: |  |  |
| &nbsp;&nbsp;**800-225-5291** | &nbsp;&nbsp;**Regular mail:** | &nbsp;&nbsp;**Express mail:** |
| &nbsp;&nbsp;**jhinvestments.com** | &nbsp;&nbsp;John Hancock Signature Services, Inc.<br> P.O. Box 219909<br> Kansas City, MO 64121-9909 | &nbsp;&nbsp;John Hancock Signature Services, Inc.<br> 430 W 7<sup>th</sup> Street<br> Suite 219909<br> Kansas City, MO 64105-1407 |

---

SEMIANNUAL REPORT \| JOHN HANCOCK INCOME FUND 63

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

John Hancock family of funds

#### U.S. EQUITY FUNDS

------

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

#### INTERNATIONAL EQUITY FUNDS

------

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

#### FIXED-INCOME FUNDS

------

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

#### ALTERNATIVE FUNDS

------

Absolute Return Currency

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

#### EXCHANGE-TRADED FUNDS

------

John Hancock Corporate Bond ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

#### ENVIRONMENTAL,SOCIAL, AND GOVERNANCE FUNDS

------

ESG Core Bond

ESG International Equity

ESG Large Cap Core

#### ASSET ALLOCATION/TARGET DATE FUNDS

------

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

#### CLOSED-END FUNDS

------

Asset-Based Lending

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

*John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.*

*John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP.*

*Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.*

------

[**Table of Contents**](#JOB_JHF_I_d589124f-6d44-494b-91f2-5112952df537_TofC)

A *trusted* brand

John Hancock Investment Management is a premier asset manager

with a heritage of financial stewardship dating back to 1862. Helping

our shareholders pursue their financial goals is at the core of everything

we do. It's why we support the role of professional financial advice

and operate with the highest standards of conduct and integrity.

A *better way* to invest

We serve investors globally through a unique multimanager approach:

We search the world to find proven portfolio teams with specialized

expertise for every strategy we offer, then we apply robust investment

oversight to ensure they continue to meet our uncompromising

standards and serve the best interests of our shareholders.

*Results for investors*

Our unique approach to asset management enables us to provide

a diverse set of investments backed by some of the world's best

managers, along with strong risk-adjusted returns across asset classes.

"A trusted brand" is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

![](img638081f92.gif)

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC

200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used 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 Income Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

![](imga19a35d33.gif)

MF2630377 91SA 11/22

1/2023

------

![](img52dd5b491.gif)

![](img5b59651f2.gif)

Semiannual report

## John Hancock

## Managed Account Shares

## Fixed income
November 30, 2022

![](img108037be3.gif)

------

A *message* to shareholders

![](img028fba284.gif)

Dear shareholder,

U.S. bonds declined during the six months ended November 30, 2022, as bond yields rose to their highest levels in more than a decade. The catalyst was surging inflation, driven largely by rising food and energy prices. The U.S. Federal Reserve continued its inflation-fighting campaign by raising short-term interest rates four times during the period, boosting the federal funds rate target to its highest level since January 2008.

In this environment, bond yields moved broadly higher, with the 10-year U.S. Treasury bond yield cresting above 4% for the first time since 2008. In terms of sector performance, residential mortgage-backed securities and investment-grade corporate bonds declined the most, while high-yield corporate bonds and asset-backed securities held up the best.

In these uncertain times, your financial professional can assist with positioning your portfolio so that it's sufficiently diversified to help meet your long-term objectives and to withstand the inevitable bouts of market volatility along the way.

On behalf of everyone at John Hancock Investment Management, I'd like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you've placed in us.

Sincerely,

![](img76a44ead5.jpg)

#### Andrew G. Arnott
Global Head of Retail,

Manulife Investment Management

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO's views as of this report's period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

------

## John Hancock

## Managed Account Shares
Table of contents

---

| | |
|:---|:---|
| **2** | &nbsp;&nbsp;&nbsp;[Portfolio summary](#xx_bc0e59dd-f10c-4a62-a4c4-c9807b27dc17_1) |
| **5** | &nbsp;&nbsp;&nbsp;[Your expenses](#xx_630e8f3a-4f3f-4ae5-9275-398993c6e418_1) |
| **6** | &nbsp;&nbsp;&nbsp;[Portfolios' investments](#xx_e387607e-be34-425a-9b7b-14b1694084f8_1) |
| **25** | &nbsp;&nbsp;&nbsp;[Financial statements](#xx_b6887556-85ac-4b0e-9232-80b5e4c28de7_1) |
| **28** | &nbsp;&nbsp;&nbsp;[Financial highlights](#xx_94b879bc-0f64-497c-b9e8-c87568541646_1) |
| **30** | &nbsp;&nbsp;&nbsp;[Notes to financial statements](#xx_f03f7225-61f0-4509-b145-874ebc30896f_1) |
| **36** | &nbsp;&nbsp;&nbsp;[Shareholder meeting](#xx_8ca685ea-1760-4ab3-ba9d-8eb0bfe02c96_1) |
| **37** | &nbsp;&nbsp;&nbsp;[Evaluation of advisory and subadvisory agreements by the Board of Trustees](#xx_913cef16-203b-4722-aa64-9b2f46f17e2f_1) |
| **49** | &nbsp;&nbsp;&nbsp;[More information](#xx_ffd24b27-42df-402b-805c-084fb7549065_1) |

---

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 1

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

Portfolio summary

#### John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio

#### SECTOR COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](img2099c6036.gif)

#### QUALITY COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](img062f7a3a7.gif)

Ratings are from Moody's Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. "Not rated" securities are those with no ratings available from these agencies. All ratings are as of 11-30-22 and do not reflect subsequent downgrades or upgrades, if any.

---

| | |
|:---|:---|
| **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** | **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;81.0 |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 |
| Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 |
| **TOTAL** | &nbsp;&nbsp;**100.0** |

---

#### Notes about risk
The portfolios are subject to various risks as described in the portfolio's prospectus. Political tensions and armed conflicts, including the Russian invasion of Ukraine, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect portfolio performance. For more information, please refer to the "Principal risks" section of the prospectus.

2 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio

#### SECTOR COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](imgae23b66a8.gif)

#### QUALITY COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](img3df22ae99.gif)

Ratings are from Moody's Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. "Not rated" securities are those with no ratings available from these agencies. All ratings are as of 11-30-22 and do not reflect subsequent downgrades or upgrades, if any.

---

| | |
|:---|:---|
| **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** | **COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets)** |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;77.7 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.0 |
| Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 |
| Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 |
| Israel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 |
| **TOTAL** | &nbsp;&nbsp;**100.0** |

---

#### Notes about risk
The portfolios are subject to various risks as described in the portfolio's prospectus. Political tensions and armed conflicts, including the Russian invasion of Ukraine, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect portfolio performance. For more information, please refer to the "Principal risks" section of the prospectus.

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 3

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### John Hancock Managed Account Shares Securitized Debt Portfolio

#### PORTFOLIO COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](img88cfc7aa10.gif)

#### QUALITY COMPOSITION AS OF 11/30/2022 (% of net assets)

------

![](img0608c8fa11.gif)

Ratings are from Moody's Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. "Not rated" securities are those with no ratings available from these agencies. All ratings are as of 11-30-22 and do not reflect subsequent downgrades or upgrades, if any.

#### Notes about risk
The portfolios are subject to various risks as described in the portfolio's prospectus. Political tensions and armed conflicts, including the Russian invasion of Ukraine, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect portfolio performance. For more information, please refer to the "Principal risks" section of the prospectus.

4 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

Your expenses

These examples are intended to help you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at the beginning of the period and held for the entire period (June 1, 2022 through November 30, 2022).

#### Actual expenses/actual returns
The first line in the table on the following page is intended to provide information about a portfolio's actual ongoing operating expenses, and is based on the portfolio's actual NAV return. It assumes an account value of $1,000.00 on June 1, 2022, with the same investment held until November 30, 2022.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at November 30, 2022, by $1,000.00, then multiply it by the "expenses paid" from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

![](img1eaa15bf12.gif)

#### Hypothetical example for comparison purposes
The second line in the table on the following page allows you to compare a portfolio's ongoing operating expenses with those of any other portfolio. It provides an example of the portfolio's hypothetical account values and hypothetical expenses based on the portfolio's actual expense ratio and an assumed 5% annualized return before expenses (which is not the portfolio's actual return). It assumes an account value of $1,000.00 on June 1, 2022, with the same investment held until November 30, 2022. Look in any other portfolio shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

#### SHAREHOLDER EXPENSE EXAMPLE CHART

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Account<br> value on<br> 6-1-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Ending<br> value on<br> 11-30-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Expenses<br> paid during<br> period ended<br> 11-30-2022<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Annualized<br> expense<br> ratio** |
| &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** |
| Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$969.90 | &nbsp;&nbsp;&nbsp;&nbsp;$0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1025.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** |
| Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$965.90 | &nbsp;&nbsp;&nbsp;&nbsp;$0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1025.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** |
| Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$973.60 | &nbsp;&nbsp;&nbsp;&nbsp;$0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1025.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |

---

<sup>1</sup> Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 5

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

Portfolios' investments

#### MANAGED ACCOUNT SHARES INVESTMENT-GRADE CORPORATE BOND PORTFOLIO

------

#### As of 11-30-22 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Corporate bonds 96.2%** | **Corporate bonds 96.2%** | **Corporate bonds 96.2%** |  | **$61033533** |
| (Cost $65,781,719) |  |  |  |  |
| **Communication services 3.8%** | **Communication services 3.8%** | **Communication services 3.8%** |  | &nbsp;&nbsp;&nbsp;**2427091** |
| **Diversified telecommunication services 0.3%** | **Diversified telecommunication services 0.3%** | **Diversified telecommunication services 0.3%** |  |  |
| Level 3 Financing, Inc. (A) | &nbsp;&nbsp;3.400 | &nbsp;&nbsp;03-01-27 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21330 |
| Telefonica Emisiones SA | &nbsp;&nbsp;5.213 | &nbsp;&nbsp;03-08-47 | 187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152796 |
| **Media 2.9%** | **Media 2.9%** | **Media 2.9%** |  |  |
| Charter Communications Operating LLC | &nbsp;&nbsp;3.900 | &nbsp;&nbsp;06-01-52 | 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153430 |
| Charter Communications Operating LLC | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;03-15-28 | 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446493 |
| Charter Communications Operating LLC | &nbsp;&nbsp;4.800 | &nbsp;&nbsp;03-01-50 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193577 |
| Charter Communications Operating LLC | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-48 | 682000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586720 |
| Charter Communications Operating LLC | &nbsp;&nbsp;6.484 | &nbsp;&nbsp;10-23-45 | 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485165 |
| **Wireless telecommunication services 0.6%** | **Wireless telecommunication services 0.6%** | **Wireless telecommunication services 0.6%** |  |  |
| T-Mobile USA, Inc. | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;04-15-30 | 422000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387580 |
| **Consumer discretionary 12.1%** | **Consumer discretionary 12.1%** | **Consumer discretionary 12.1%** |  | &nbsp;&nbsp;&nbsp;**7703537** |
| **Automobiles 4.8%** | **Automobiles 4.8%** | **Automobiles 4.8%** |  |  |
| General Motors Company | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;10-01-27 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285526 |
| General Motors Company | &nbsp;&nbsp;5.400 | &nbsp;&nbsp;10-15-29 | 239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230631 |
| General Motors Financial Company, Inc. | &nbsp;&nbsp;2.400 | &nbsp;&nbsp;10-15-28 | 813000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677531 |
| General Motors Financial Company, Inc. | &nbsp;&nbsp;3.600 | &nbsp;&nbsp;06-21-30 | 1023000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877373 |
| Hyundai Capital America (A) | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;10-15-27 | 411000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348510 |
| Nissan Motor Acceptance Company LLC (A) | &nbsp;&nbsp;1.125 | &nbsp;&nbsp;09-16-24 | 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375758 |
| Nissan Motor Company, Ltd. (A) | &nbsp;&nbsp;4.810 | &nbsp;&nbsp;09-17-30 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223997 |
| **Hotels, restaurants and leisure 5.1%** | **Hotels, restaurants and leisure 5.1%** | **Hotels, restaurants and leisure 5.1%** |  |  |
| Choice Hotels International, Inc. | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;12-01-29 | 288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251969 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;01-15-31 | 393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336826 |
| Expedia Group, Inc. | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;03-15-31 | 374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304049 |
| Expedia Group, Inc. | &nbsp;&nbsp;3.800 | &nbsp;&nbsp;02-15-28 | 826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765546 |
| Expedia Group, Inc. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-27 | 419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404673 |
| Expedia Group, Inc. | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-15-26 | 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358872 |
| Marriott International, Inc. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;06-15-30 | 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216926 |
| Marriott International, Inc. | &nbsp;&nbsp;4.650 | &nbsp;&nbsp;12-01-28 | 633000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604766 |
| **Internet and direct marketing retail 0.5%** | **Internet and direct marketing retail 0.5%** | **Internet and direct marketing retail 0.5%** |  |  |
| eBay, Inc. | &nbsp;&nbsp;2.700 | &nbsp;&nbsp;03-11-30 | 386000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328841 |
| **Multiline retail 0.9%** | **Multiline retail 0.9%** | **Multiline retail 0.9%** |  |  |
| Dollar Tree, Inc. | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;05-15-28 | 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592152 |
| **Specialty retail 0.8%** | **Specialty retail 0.8%** | **Specialty retail 0.8%** |  |  |
| AutoNation, Inc. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;06-01-30 | 577000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519591 |
| **Consumer staples 4.7%** | **Consumer staples 4.7%** | **Consumer staples 4.7%** |  | &nbsp;&nbsp;&nbsp;**2966682** |
| **Beverages 0.9%** | **Beverages 0.9%** | **Beverages 0.9%** |  |  |
| Anheuser-Busch Companies LLC | &nbsp;&nbsp;4.900 | &nbsp;&nbsp;02-01-46 | 121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113193 |
| Anheuser-Busch InBev Worldwide, Inc. | &nbsp;&nbsp;4.600 | &nbsp;&nbsp;04-15-48 | 488000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443355 |
| **Food products 3.8%** | **Food products 3.8%** | **Food products 3.8%** |  |  |
| JBS USA LUX SA (A) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;01-15-32 | 723000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596475 |
| JBS USA LUX SA (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;02-01-28 | 244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232674 |
| JBS USA LUX SA (A) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;04-01-33 | 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649049 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;06-01-46 | 508000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428174 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-04-42 | 404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378485 |
| Kraft Heinz Foods Company | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-01-50 | 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125277 |
| **Energy 13.9%** | **Energy 13.9%** | **Energy 13.9%** |  | &nbsp;&nbsp;&nbsp;**8797064** |
| **Oil, gas and consumable fuels 13.9%** | **Oil, gas and consumable fuels 13.9%** | **Oil, gas and consumable fuels 13.9%** |  |  |
| Aker BP ASA (A) | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;01-15-25 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141925 |

---

6 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |  |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |  |
| Aker BP ASA (A) | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;07-15-31 | 729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$600730 |
| Aker BP ASA (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;01-15-30 | 171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151546 |
| Aker BP ASA (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;01-15-31 | 171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151872 |
| Continental Resources, Inc. | &nbsp;&nbsp;4.900 | &nbsp;&nbsp;06-01-44 | 283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213133 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;03-24-31 | 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357654 |
| Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;07-15-77 | 526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461252 |
| Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;07-15-80 | 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391257 |
| Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;03-01-78 | 291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263885 |
| Energy Transfer LP | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;04-15-27 | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89880 |
| Energy Transfer LP | &nbsp;&nbsp;5.150 | &nbsp;&nbsp;03-15-45 | 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164856 |
| Energy Transfer LP | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;04-15-29 | 1053000 | &nbsp;&nbsp;&nbsp;&nbsp;1024390 |
| Energy Transfer LP | &nbsp;&nbsp;5.400 | &nbsp;&nbsp;10-01-47 | 272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234567 |
| Energy Transfer LP | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-01-27 | 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369344 |
| Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;08-16-77 | 274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222465 |
| EQT Corp. | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-01-30 | 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118883 |
| Kinder Morgan Energy Partners LP | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;03-15-32 | 287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321872 |
| MPLX LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;03-15-28 | 301000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281773 |
| MPLX LP | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;03-01-27 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14317 |
| MPLX LP | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;12-01-27 | 313000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298581 |
| MPLX LP | &nbsp;&nbsp;4.950 | &nbsp;&nbsp;09-01-32 | 118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111691 |
| Ovintiv, Inc. | &nbsp;&nbsp;7.200 | &nbsp;&nbsp;11-01-31 | 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28850 |
| Sabine Pass Liquefaction LLC | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;03-15-28 | 96000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90635 |
| Sabine Pass Liquefaction LLC | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;05-15-30 | 579000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547084 |
| Sabine Pass Liquefaction LLC | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-15-27 | 257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253682 |
| Targa Resources Corp. | &nbsp;&nbsp;4.950 | &nbsp;&nbsp;04-15-52 | 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495825 |
| Targa Resources Partners LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;01-15-32 | 254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217827 |
| The Williams Companies, Inc. | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;06-15-27 | 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269584 |
| The Williams Companies, Inc. | &nbsp;&nbsp;4.650 | &nbsp;&nbsp;08-15-32 | 167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158189 |
| TransCanada PipeLines, Ltd. | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;05-15-28 | 166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158603 |
| Var Energi ASA (A) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;11-15-32 | 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590912 |
| **Financials 17.1%** | **Financials 17.1%** | **Financials 17.1%** |  | **10887395** |
| **Banks 7.0%** | **Banks 7.0%** | **Banks 7.0%** |  |  |
| Banco Santander SA | &nbsp;&nbsp;4.379 | &nbsp;&nbsp;04-12-28 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232075 |
| Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) | &nbsp;&nbsp;3.846 | &nbsp;&nbsp;03-08-37 | 221000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187192 |
| Bank of America Corp. (4.271% to 7-23-28, then 3 month LIBOR + 1.310%) | &nbsp;&nbsp;4.271 | &nbsp;&nbsp;07-23-29 | 112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105430 |
| Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (B) | &nbsp;&nbsp;6.300 | &nbsp;&nbsp;03-10-26 | 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58469 |
| BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (A)(B) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;11-17-27 | 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295688 |
| Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) | &nbsp;&nbsp;2.561 | &nbsp;&nbsp;05-01-32 | 108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86374 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;04-30-30 | 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113489 |
| Credit Agricole SA (A) | &nbsp;&nbsp;2.811 | &nbsp;&nbsp;01-11-41 | 286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177100 |
| Credit Agricole SA (A) | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;01-14-30 | 409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335709 |
| JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (B) | &nbsp;&nbsp;4.600 | &nbsp;&nbsp;02-01-25 | 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76325 |
| JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-01-24 | 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154680 |
| Lloyds Banking Group PLC | &nbsp;&nbsp;4.450 | &nbsp;&nbsp;05-08-25 | 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223902 |
| NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | &nbsp;&nbsp;3.754 | &nbsp;&nbsp;11-01-29 | 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212609 |
| Santander Holdings USA, Inc. (2.490% to 1-6-27, then SOFR + 1.249%) | &nbsp;&nbsp;2.490 | &nbsp;&nbsp;01-06-28 | 164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142320 |
| Santander Holdings USA, Inc. | &nbsp;&nbsp;3.244 | &nbsp;&nbsp;10-05-26 | 458000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420865 |
| Santander Holdings USA, Inc. | &nbsp;&nbsp;3.450 | &nbsp;&nbsp;06-02-25 | 315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299640 |
| Santander Holdings USA, Inc. | &nbsp;&nbsp;4.400 | &nbsp;&nbsp;07-13-27 | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244768 |
| Societe Generale SA (6.221% to 6-15-32, then 1 Year CMT + 3.200%) (A) | &nbsp;&nbsp;6.221 | &nbsp;&nbsp;06-15-33 | 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297600 |
| The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (B) | &nbsp;&nbsp;3.400 | &nbsp;&nbsp;09-15-26 | 216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166213 |
| The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (B) | &nbsp;&nbsp;4.850 | &nbsp;&nbsp;06-01-23 | 47000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44388 |
| The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (B)(C) | &nbsp;&nbsp;8.118 | &nbsp;&nbsp;02-01-23 | 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57998 |
| Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;06-15-25 | 554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542311 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 7

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |  |  |
| **Capital markets 4.3%** | **Capital markets 4.3%** | **Capital markets 4.3%** |  |  |
| Ares Capital Corp. | &nbsp;&nbsp;2.150 | &nbsp;&nbsp;07-15-26 | 602000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$513326 |
| Ares Capital Corp. | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;06-15-28 | 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105971 |
| Ares Capital Corp. | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;01-15-26 | 311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285982 |
| Ares Capital Corp. | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;06-10-24 | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38777 |
| Blackstone Private Credit Fund | &nbsp;&nbsp;2.350 | &nbsp;&nbsp;11-22-24 | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156681 |
| Blackstone Private Credit Fund | &nbsp;&nbsp;2.700 | &nbsp;&nbsp;01-15-25 | 134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124632 |
| Blackstone Private Credit Fund | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;03-15-27 | 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30162 |
| Blackstone Private Credit Fund | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;01-15-29 | 458000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389156 |
| Deutsche Bank AG (2.311% to 11-16-26, then SOFR + 1.219%) | &nbsp;&nbsp;2.311 | &nbsp;&nbsp;11-16-27 | 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192120 |
| Deutsche Bank AG (2.552% to 1-7-27, then SOFR + 1.318%) | &nbsp;&nbsp;2.552 | &nbsp;&nbsp;01-07-28 | 297000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249343 |
| Lazard Group LLC | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;03-11-29 | 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29818 |
| Macquarie Bank, Ltd. (A) | &nbsp;&nbsp;3.624 | &nbsp;&nbsp;06-03-30 | 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185409 |
| Morgan Stanley (2.239% to 7-21-31, then SOFR + 1.178%) | &nbsp;&nbsp;2.239 | &nbsp;&nbsp;07-21-32 | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81885 |
| Morgan Stanley (2.484% to 9-16-31, then SOFR + 1.360%) | &nbsp;&nbsp;2.484 | &nbsp;&nbsp;09-16-36 | 249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185116 |
| The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then SOFR + 1.264%) | &nbsp;&nbsp;2.650 | &nbsp;&nbsp;10-21-32 | 212000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170259 |
| **Consumer finance 0.7%** | **Consumer finance 0.7%** | **Consumer finance 0.7%** |  |  |
| Capital One Financial Corp. (1.343% to 12-6-23, then SOFR + 0.690%) | &nbsp;&nbsp;1.343 | &nbsp;&nbsp;12-06-24 | 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176511 |
| Discover Financial Services | &nbsp;&nbsp;4.100 | &nbsp;&nbsp;02-09-27 | 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263083 |
| **Insurance 5.1%** | **Insurance 5.1%** | **Insurance 5.1%** |  |  |
| Athene Holding, Ltd. | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;01-15-31 | 643000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527630 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;05-30-29 | 653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622493 |
| Liberty Mutual Group, Inc. (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-15-52 | 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378121 |
| MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | &nbsp;&nbsp;6.400 | &nbsp;&nbsp;12-15-36 | 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541549 |
| New York Life Insurance Company (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;05-15-50 | 26000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19946 |
| Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (A) | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;01-21-51 | 867000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666971 |
| Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. Swap Rate + 3.650%) (A) | &nbsp;&nbsp;5.100 | &nbsp;&nbsp;10-16-44 | 228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221105 |
| Prudential Financial, Inc. (5.125% to 11-28-31, then 5 Year CMT + 3.162%) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;03-01-52 | 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96604 |
| SBL Holdings, Inc. (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-18-31 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93885 |
| Teachers Insurance & Annuity Association of America (A) | &nbsp;&nbsp;4.270 | &nbsp;&nbsp;05-15-47 | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65715 |
| **Health care 7.1%** | **Health care 7.1%** | **Health care 7.1%** |  | &nbsp;&nbsp;**4494919** |
| **Health care providers and services 5.8%** | **Health care providers and services 5.8%** | **Health care providers and services 5.8%** |  |  |
| AmerisourceBergen Corp. | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;05-15-30 | 418000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356030 |
| CVS Health Corp. | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;04-01-30 | 524000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484157 |
| CVS Health Corp. | &nbsp;&nbsp;4.300 | &nbsp;&nbsp;03-25-28 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243029 |
| CVS Health Corp. | &nbsp;&nbsp;5.050 | &nbsp;&nbsp;03-25-48 | 378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351032 |
| Fresenius Medical Care US Finance III, Inc. (A) | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;02-16-31 | 662000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494299 |
| Fresenius Medical Care US Finance III, Inc. (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;06-15-29 | 633000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539893 |
| HCA, Inc. | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;06-15-29 | 654000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597664 |
| Universal Health Services, Inc. (A) | &nbsp;&nbsp;1.650 | &nbsp;&nbsp;09-01-26 | 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296115 |
| Universal Health Services, Inc. (A) | &nbsp;&nbsp;2.650 | &nbsp;&nbsp;10-15-30 | 409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326991 |
| **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** |  |  |
| Royalty Pharma PLC | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;09-02-27 | 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24578 |
| Viatris, Inc. | &nbsp;&nbsp;2.300 | &nbsp;&nbsp;06-22-27 | 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442928 |
| Viatris, Inc. | &nbsp;&nbsp;2.700 | &nbsp;&nbsp;06-22-30 | 318000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253652 |
| Viatris, Inc. | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-22-50 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84551 |
| **Industrials 18.7%** | **Industrials 18.7%** | **Industrials 18.7%** |  | **11841735** |
| **Aerospace and defense 4.1%** | **Aerospace and defense 4.1%** | **Aerospace and defense 4.1%** |  |  |
| DAE Funding LLC (A) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;03-20-28 | 686000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597865 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;05-01-30 | 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426077 |
| The Boeing Company | &nbsp;&nbsp;3.200 | &nbsp;&nbsp;03-01-29 | 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101991 |
| The Boeing Company | &nbsp;&nbsp;5.040 | &nbsp;&nbsp;05-01-27 | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609033 |
| The Boeing Company | &nbsp;&nbsp;5.150 | &nbsp;&nbsp;05-01-30 | 922000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899532 |
| **Airlines 5.9%** | **Airlines 5.9%** | **Airlines 5.9%** |  |  |
| American Airlines 2016-1 Class AA Pass Through Trust | &nbsp;&nbsp;3.575 | &nbsp;&nbsp;01-15-28 | 203598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182247 |

---

8 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |  |  |
| **Airlines (continued)** | **Airlines (continued)** | **Airlines (continued)** |  |  |
| American Airlines 2017-1 Class AA Pass Through Trust | &nbsp;&nbsp;3.650 | &nbsp;&nbsp;02-15-29 | 121069 | &nbsp;&nbsp;&nbsp;&nbsp;$106530 |
| American Airlines 2017-2 Class A Pass Through Trust | &nbsp;&nbsp;3.600 | &nbsp;&nbsp;10-15-29 | 37822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28416 |
| American Airlines 2019-1 Class A Pass Through Trust | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;02-15-32 | 18153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13161 |
| American Airlines 2019-1 Class AA Pass Through Trust | &nbsp;&nbsp;3.150 | &nbsp;&nbsp;02-15-32 | 515200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422528 |
| American Airlines 2021-1 Class A Pass Through Trust | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;07-11-34 | 306000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238687 |
| British Airways 2020-1 Class A Pass Through Trust (A) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;11-15-32 | 298147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266908 |
| British Airways 2020-1 Class B Pass Through Trust (A) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;11-15-28 | 192530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188219 |
| Delta Air Lines, Inc. (A) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-20-28 | 433000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410441 |
| JetBlue 2019-1 Class AA Pass Through Trust | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;05-15-32 | 779291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648540 |
| United Airlines 2014-2 Class A Pass Through Trust | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;09-03-26 | 313086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284909 |
| United Airlines 2016-1 Class A Pass Through Trust | &nbsp;&nbsp;3.450 | &nbsp;&nbsp;07-07-28 | 125886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99478 |
| United Airlines 2019-1 Class A Pass Through Trust | &nbsp;&nbsp;4.550 | &nbsp;&nbsp;08-25-31 | 276357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226699 |
| United Airlines 2020-1 Class A Pass Through Trust | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;10-15-27 | 444195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432487 |
| United Airlines 2020-1 Class B Pass Through Trust | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-26 | 44958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42138 |
| US Airways 2010-1 Class A Pass Through Trust | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04-22-23 | 12878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12831 |
| US Airways 2012-1 Class A Pass Through Trust | &nbsp;&nbsp;5.900 | &nbsp;&nbsp;10-01-24 | 116402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111818 |
| **Building products 0.9%** | **Building products 0.9%** | **Building products 0.9%** |  |  |
| Owens Corning | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;08-15-29 | 603000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553870 |
| **Professional services 1.0%** | **Professional services 1.0%** | **Professional services 1.0%** |  |  |
| CoStar Group, Inc. (A) | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;07-15-30 | 773000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635659 |
| **Trading companies and distributors 6.5%** | **Trading companies and distributors 6.5%** | **Trading companies and distributors 6.5%** |  |  |
| AerCap Ireland Capital DAC | &nbsp;&nbsp;1.650 | &nbsp;&nbsp;10-29-24 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9202 |
| AerCap Ireland Capital DAC | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;01-30-26 | 491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433191 |
| AerCap Ireland Capital DAC | &nbsp;&nbsp;2.450 | &nbsp;&nbsp;10-29-26 | 1779000 | &nbsp;&nbsp;&nbsp;1564263 |
| AerCap Ireland Capital DAC | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;08-14-24 | 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539496 |
| Air Lease Corp. | &nbsp;&nbsp;2.100 | &nbsp;&nbsp;09-01-28 | 207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167859 |
| Air Lease Corp. | &nbsp;&nbsp;2.875 | &nbsp;&nbsp;01-15-26 | 43000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39610 |
| Air Lease Corp. | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;12-01-27 | 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19708 |
| Ashtead Capital, Inc. (A) | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;08-12-26 | 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197797 |
| Ashtead Capital, Inc. (A) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;11-01-29 | 469000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424566 |
| Ashtead Capital, Inc. (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-11-32 | 385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369029 |
| SMBC Aviation Capital Finance DAC (A) | &nbsp;&nbsp;2.300 | &nbsp;&nbsp;06-15-28 | 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366176 |
| **Transportation infrastructure 0.3%** | **Transportation infrastructure 0.3%** | **Transportation infrastructure 0.3%** |  |  |
| Adani Ports & Special Economic Zone, Ltd. (A) | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;02-02-31 | 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170774 |
| **Information technology 8.9%** | **Information technology 8.9%** | **Information technology 8.9%** |  | **5632516** |
| **Communications equipment 0.9%** | **Communications equipment 0.9%** | **Communications equipment 0.9%** |  |  |
| Motorola Solutions, Inc. | &nbsp;&nbsp;2.300 | &nbsp;&nbsp;11-15-30 | 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137996 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;05-24-31 | 184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148476 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;4.600 | &nbsp;&nbsp;05-23-29 | 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290201 |
| **IT services 0.3%** | **IT services 0.3%** | **IT services 0.3%** |  |  |
| VeriSign, Inc. | &nbsp;&nbsp;2.700 | &nbsp;&nbsp;06-15-31 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163926 |
| **Semiconductors and semiconductor equipment 5.0%** | **Semiconductors and semiconductor equipment 5.0%** | **Semiconductors and semiconductor equipment 5.0%** |  |  |
| Broadcom, Inc. (A) | &nbsp;&nbsp;3.419 | &nbsp;&nbsp;04-15-33 | 251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203945 |
| Broadcom, Inc. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;04-15-29 | 666000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637847 |
| Broadcom, Inc. (A) | &nbsp;&nbsp;4.926 | &nbsp;&nbsp;05-15-37 | 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188661 |
| Micron Technology, Inc. | &nbsp;&nbsp;4.185 | &nbsp;&nbsp;02-15-27 | 588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562159 |
| Micron Technology, Inc. | &nbsp;&nbsp;5.327 | &nbsp;&nbsp;02-06-29 | 1217000 | &nbsp;&nbsp;&nbsp;1182965 |
| NXP BV | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;06-18-26 | 296000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281231 |
| Qorvo, Inc. (A) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;04-01-31 | 141000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113048 |
| **Software 1.5%** | **Software 1.5%** | **Software 1.5%** |  |  |
| Oracle Corp. | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;04-01-30 | 151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129587 |
| Oracle Corp. | &nbsp;&nbsp;6.900 | &nbsp;&nbsp;11-09-52 | 555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614704 |
| VMware, Inc. | &nbsp;&nbsp;4.700 | &nbsp;&nbsp;05-15-30 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211274 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 9

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Information technology (continued)** | **Information technology (continued)** | **Information technology (continued)** |  |  |
| **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** |  |  |
| CDW LLC | &nbsp;&nbsp;3.569 | &nbsp;&nbsp;12-01-31 | 203000 | &nbsp;&nbsp;&nbsp;&nbsp;$167489 |
| Dell International LLC | &nbsp;&nbsp;4.900 | &nbsp;&nbsp;10-01-26 | 269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266040 |
| Dell International LLC | &nbsp;&nbsp;5.300 | &nbsp;&nbsp;10-01-29 | 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145409 |
| Western Digital Corp. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-15-26 | 199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187558 |
| **Materials 2.4%** | **Materials 2.4%** | **Materials 2.4%** |  | **1503464** |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |  |  |
| Braskem Netherlands Finance BV (A) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;01-31-50 | 458000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358351 |
| **Metals and mining 1.8%** | **Metals and mining 1.8%** | **Metals and mining 1.8%** |  |  |
| Anglo American Capital PLC (A) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;04-10-27 | 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220113 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;03-01-30 | 289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257388 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-30 | 288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263068 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;5.450 | &nbsp;&nbsp;03-15-43 | 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207105 |
| Newmont Corp. | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;10-01-29 | 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197439 |
| **Real estate 5.0%** | **Real estate 5.0%** | **Real estate 5.0%** |  | **3199770** |
| **Equity real estate investment trusts 5.0%** | **Equity real estate investment trusts 5.0%** | **Equity real estate investment trusts 5.0%** |  |  |
| American Homes 4 Rent LP | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-15-28 | 297000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276743 |
| American Tower Corp. | &nbsp;&nbsp;3.800 | &nbsp;&nbsp;08-15-29 | 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225981 |
| Crown Castle, Inc. | &nbsp;&nbsp;3.650 | &nbsp;&nbsp;09-01-27 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74671 |
| Crown Castle, Inc. | &nbsp;&nbsp;3.800 | &nbsp;&nbsp;02-15-28 | 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55040 |
| Equinix, Inc. | &nbsp;&nbsp;1.550 | &nbsp;&nbsp;03-15-28 | 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65681 |
| GLP Capital LP | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;01-15-32 | 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56854 |
| GLP Capital LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;01-15-30 | 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255921 |
| GLP Capital LP | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;04-15-26 | 263000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254950 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;12-15-29 | 593000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501561 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-15-30 | 162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135218 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-15-25 | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588779 |
| Host Hotels & Resorts LP | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;02-01-26 | 236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225049 |
| SBA Tower Trust (A) | &nbsp;&nbsp;6.599 | &nbsp;&nbsp;01-15-28 | 118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118524 |
| VICI Properties LP (A) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-15-30 | 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51121 |
| VICI Properties LP | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;05-15-25 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67369 |
| VICI Properties LP (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-01-29 | 227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205974 |
| VICI Properties LP | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-15-32 | 43000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40334 |
| **Utilities 2.5%** | **Utilities 2.5%** | **Utilities 2.5%** |  | **1579360** |
| **Electric utilities 1.7%** | **Electric utilities 1.7%** | **Electric utilities 1.7%** |  |  |
| NextEra Energy Capital Holdings, Inc. | &nbsp;&nbsp;2.250 | &nbsp;&nbsp;06-01-30 | 159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131899 |
| NRG Energy, Inc. (A) | &nbsp;&nbsp;2.450 | &nbsp;&nbsp;12-02-27 | 502000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429580 |
| NRG Energy, Inc. (A) | &nbsp;&nbsp;4.450 | &nbsp;&nbsp;06-15-29 | 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60749 |
| Vistra Operations Company LLC (A) | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;01-30-27 | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150844 |
| Vistra Operations Company LLC (A) | &nbsp;&nbsp;4.300 | &nbsp;&nbsp;07-15-29 | 343000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310034 |
| **Multi-utilities 0.8%** | **Multi-utilities 0.8%** | **Multi-utilities 0.8%** |  |  |
| NiSource, Inc. | &nbsp;&nbsp;3.600 | &nbsp;&nbsp;05-01-30 | 552000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496254 |
| **Municipal bonds 0.5%** |  |  |  | &nbsp;&nbsp;&nbsp;**$354232** |
| (Cost $496,466) |  |  |  |  |
| Foothill-Eastern Transportation Corridor Agency (California) | &nbsp;&nbsp;4.094 | &nbsp;&nbsp;01-15-49 | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23255 |
| Golden State Tobacco Securitization Corp. (California) | &nbsp;&nbsp;4.214 | &nbsp;&nbsp;06-01-50 | 108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82526 |
| Maryland Health & Higher Educational Facilities Authority | &nbsp;&nbsp;3.197 | &nbsp;&nbsp;07-01-50 | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81664 |
| New Jersey Transportation Trust Fund Authority | &nbsp;&nbsp;4.081 | &nbsp;&nbsp;06-15-39 | &nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49806 |
| Ohio Turnpike & Infrastructure Commission | &nbsp;&nbsp;3.216 | &nbsp;&nbsp;02-15-48 | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21967 |
| Regents of the University of California Medical Center Pooled Revenue | &nbsp;&nbsp;3.006 | &nbsp;&nbsp;05-15-50 | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95014 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $66,278,185) 96.7%** | **$61387765** |
| **Other assets and liabilities, net 3.3%** | &nbsp;&nbsp;&nbsp;&nbsp;**2063851** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$63451616** |

---

10 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CMT | Constant Maturity Treasury |
| LIBOR | London Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| (A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $14,517,703 or 22.9% of the portfolio's net assets as of 11-30-22. |
| (B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |

---

#### MANAGED ACCOUNT SHARES NON-INVESTMENT-GRADE CORPORATE BOND PORTFOLIO

------

#### As of 11-30-22 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Foreign government obligations 0.3%** | **Foreign government obligations 0.3%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$108702** |
| (Cost $135,854) |  |  |  |  |
| **Argentina 0.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**108702** |
| Republic of Argentina<br> Bond (3.500% to 7-9-29, then 4.875% thereafter) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;07-09-41 | 401000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108702 |
| **Corporate bonds 93.7%** | **Corporate bonds 93.7%** | **Corporate bonds 93.7%** |  | **$30689845** |
| (Cost $34,229,236) |  |  |  |  |
| **Communication services 15.7%** | **Communication services 15.7%** | **Communication services 15.7%** |  | &nbsp;&nbsp;&nbsp;**5139856** |
| **Diversified telecommunication services 3.7%** | **Diversified telecommunication services 3.7%** | **Diversified telecommunication services 3.7%** |  |  |
| C&W Senior Financing DAC (A) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;09-15-27 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178137 |
| Connect Finco SARL (A) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-01-26 | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213570 |
| GCI LLC (A) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-28 | 148000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126796 |
| Kenbourne Invest SA (A) | &nbsp;&nbsp;4.700 | &nbsp;&nbsp;01-22-28 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145007 |
| Switch, Ltd. (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;09-15-28 | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55446 |
| Telesat Canada (A) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;12-06-26 | 84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39618 |
| Total Play Telecomunicaciones SA de CV (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;09-20-28 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143000 |
| Total Play Telecomunicaciones SA de CV (A) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;11-12-25 | 384000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326880 |
| **Entertainment 4.9%** | **Entertainment 4.9%** | **Entertainment 4.9%** |  |  |
| Lions Gate Capital Holdings LLC (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-15-29 | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123500 |
| Live Nation Entertainment, Inc. (A) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-27 | 73000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65882 |
| Netflix, Inc. | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;04-15-28 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388588 |
| Netflix, Inc. (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-15-30 | 173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163406 |
| Netflix, Inc. (A) | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-15-29 | 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44168 |
| Netflix, Inc. | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;11-15-28 | 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399033 |
| WMG Acquisition Corp. (A) | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;02-15-31 | 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113546 |
| WMG Acquisition Corp. (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;07-15-30 | 339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293801 |
| **Interactive media and services 0.5%** | **Interactive media and services 0.5%** | **Interactive media and services 0.5%** |  |  |
| Match Group Holdings II LLC (A) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;10-01-31 | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57313 |
| Match Group Holdings II LLC (A) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-01-30 | 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110220 |
| **Media 4.5%** | **Media 4.5%** | **Media 4.5%** |  |  |
| CCO Holdings LLC (A) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;06-01-33 | 134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106344 |
| Globo Comunicacao e Participacoes SA (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-22-30 | 242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198644 |
| LCPR Senior Secured Financing DAC (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;07-15-29 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165308 |
| News Corp. (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;05-15-29 | 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181305 |
| News Corp. (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;02-15-32 | 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72419 |
| Radiate Holdco LLC (A) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;09-15-28 | 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73939 |
| Sirius XM Radio, Inc. (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-15-28 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127270 |
| Sirius XM Radio, Inc. (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-01-27 | 257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239843 |
| Stagwell Global LLC (A) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;08-15-29 | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218663 |
| Univision Communications, Inc. (A) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;05-01-29 | 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67249 |
| Univision Communications, Inc. (A) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;06-30-30 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19960 |
| **Wireless telecommunication services 2.1%** | **Wireless telecommunication services 2.1%** | **Wireless telecommunication services 2.1%** |  |  |
| Millicom International Cellular SA (A) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;03-25-29 | 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170381 |
| SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-19-27 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159794 |
| Sprint LLC | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;09-15-23 | 163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166527 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 11

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |  |  |
| **Wireless telecommunication services (continued)** | **Wireless telecommunication services (continued)** | **Wireless telecommunication services (continued)** |  |  |
| Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04-04-79 | 185000 | &nbsp;&nbsp;&nbsp;&nbsp;$184299 |
| **Consumer discretionary 17.7%** | **Consumer discretionary 17.7%** | **Consumer discretionary 17.7%** |  | **5781828** |
| **Auto components 0.3%** | **Auto components 0.3%** | **Auto components 0.3%** |  |  |
| Dealer Tire LLC (A) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-28 | 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69836 |
| LCM Investments Holdings II LLC (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;05-01-29 | 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29264 |
| **Automobiles 5.4%** | **Automobiles 5.4%** | **Automobiles 5.4%** |  |  |
| Ford Motor Company | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;02-12-32 | 118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93258 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;02-16-28 | 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238082 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;11-13-30 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169170 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-17-27 | 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214407 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;4.134 | &nbsp;&nbsp;08-04-25 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662371 |
| Ford Motor Credit Company LLC | &nbsp;&nbsp;5.113 | &nbsp;&nbsp;05-03-29 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372916 |
| **Diversified consumer services 1.3%** | **Diversified consumer services 1.3%** | **Diversified consumer services 1.3%** |  |  |
| GEMS MENASA Cayman, Ltd. (A) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;07-31-26 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190919 |
| Service Corp. International | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-15-31 | 153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131089 |
| Sotheby's (A) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;10-15-27 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97400 |
| **Hotels, restaurants and leisure 7.7%** | **Hotels, restaurants and leisure 7.7%** | **Hotels, restaurants and leisure 7.7%** |  |  |
| Affinity Gaming (A) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;12-15-27 | 112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96078 |
| CCM Merger, Inc. (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;05-01-26 | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69430 |
| Full House Resorts, Inc. (A) | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;02-15-28 | 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100593 |
| Hilton Domestic Operating Company, Inc. (A) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;02-15-32 | 118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97151 |
| Hilton Grand Vacations Borrower Escrow LLC (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;07-01-31 | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127937 |
| Hilton Grand Vacations Borrower Escrow LLC (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-29 | 149000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129024 |
| Jacobs Entertainment, Inc. (A) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-15-29 | 74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66600 |
| MGM Resorts International | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-15-28 | 281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248623 |
| Midwest Gaming Borrower LLC (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;05-01-29 | 151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130390 |
| Mohegan Gaming & Entertainment (A) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-01-26 | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178401 |
| New Red Finance, Inc. (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-15-30 | 409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344443 |
| Premier Entertainment Sub LLC (A) | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;09-01-29 | 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72000 |
| Resorts World Las Vegas LLC (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-16-29 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135916 |
| Resorts World Las Vegas LLC (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-06-31 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135464 |
| Travel + Leisure Company (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;03-01-30 | 158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128020 |
| Travel + Leisure Company | &nbsp;&nbsp;6.600 | &nbsp;&nbsp;10-01-25 | 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77618 |
| Wyndham Hotels & Resorts, Inc. (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;08-15-28 | 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81378 |
| Yum! Brands, Inc. | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;03-15-31 | 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165083 |
| Yum! Brands, Inc. (A) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-15-30 | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141825 |
| **Household durables 1.4%** | **Household durables 1.4%** | **Household durables 1.4%** |  |  |
| Brookfield Residential Properties, Inc. (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-29 | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121805 |
| Century Communities, Inc. (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;08-15-29 | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181575 |
| KB Home | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-15-31 | 168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134046 |
| KB Home | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;07-15-30 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28636 |
| **Multiline retail 0.2%** | **Multiline retail 0.2%** | **Multiline retail 0.2%** |  |  |
| Macy's Retail Holdings LLC (A) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;04-01-29 | 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33485 |
| Macy's Retail Holdings LLC (A) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;03-15-30 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18050 |
| Macy's Retail Holdings LLC (A) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;03-15-32 | 19000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16867 |
| **Specialty retail 1.4%** | **Specialty retail 1.4%** | **Specialty retail 1.4%** |  |  |
| Asbury Automotive Group, Inc. (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;11-15-29 | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34900 |
| Asbury Automotive Group, Inc. | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;03-01-30 | 162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138497 |
| Group 1 Automotive, Inc. (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;08-15-28 | 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30537 |
| Ken Garff Automotive LLC (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;09-15-28 | 96000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81236 |
| Lithia Motors, Inc. (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;06-01-29 | 83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69637 |
| Lithia Motors, Inc. (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-31 | 84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71046 |
| Lithia Motors, Inc. (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12-15-27 | 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26825 |

---

12 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Consumer staples 4.4%** | **Consumer staples 4.4%** | **Consumer staples 4.4%** |  | **$1428167** |
| **Food and staples retailing 0.5%** | **Food and staples retailing 0.5%** | **Food and staples retailing 0.5%** |  |  |
| Advantage Sales & Marketing, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;11-15-28 | 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159695 |
| **Food products 2.4%** | **Food products 2.4%** | **Food products 2.4%** |  |  |
| Coruripe Netherlands BV (A) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;02-10-27 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166180 |
| MARB BondCo PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.950 | &nbsp;&nbsp;01-29-31 | 252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195224 |
| NBM US Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;08-06-29 | 263000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252127 |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;12-15-29 | 182000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167161 |
| **Household products 0.6%** | **Household products 0.6%** | **Household products 0.6%** |  |  |
| Edgewell Personal Care Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;04-01-29 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60797 |
| Edgewell Personal Care Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-01-28 | 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146996 |
| **Personal products 0.9%** | **Personal products 0.9%** | **Personal products 0.9%** |  |  |
| Natura Cosmeticos SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;05-03-28 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159187 |
| Oriflame Investment Holding PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;05-04-26 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120800 |
| **Energy 10.1%** | **Energy 10.1%** | **Energy 10.1%** |  | &nbsp;&nbsp;**3318898** |
| **Energy equipment and services 0.5%** | **Energy equipment and services 0.5%** | **Energy equipment and services 0.5%** |  |  |
| CSI Compressco LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-25 | 88000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80612 |
| CSI Compressco LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;04-01-25 | 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24733 |
| CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (A) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;04-01-26 | 89978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79181 |
| **Oil, gas and consumable fuels 9.6%** | **Oil, gas and consumable fuels 9.6%** | **Oil, gas and consumable fuels 9.6%** |  |  |
| Altera Infrastructure LP (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-15-23 | 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2898 |
| Antero Midstream Partners LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;06-15-29 | 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135608 |
| Antero Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;03-01-30 | 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59028 |
| Ascent Resources Utica Holdings LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;06-30-29 | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203680 |
| CNX Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;01-15-31 | 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36019 |
| DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.850 | &nbsp;&nbsp;05-21-43 | 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126201 |
| Energean Israel Finance, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;03-30-28 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64289 |
| Energean Israel Finance, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;03-30-31 | 94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83856 |
| Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;11-15-26 | 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296935 |
| EQM Midstream Partners LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-27 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50531 |
| EQM Midstream Partners LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-30 | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40349 |
| Hess Midstream Operations LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-15-30 | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51300 |
| Hess Midstream Operations LP (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-15-30 | 19000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17416 |
| Inversiones Latin America Power, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;06-15-33 | 195890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94184 |
| Leviathan Bond, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;06-30-27 | 332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325189 |
| Leviathan Bond, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;06-30-30 | 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35996 |
| MC Brazil Downstream Trading SARL (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;06-30-31 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165651 |
| MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;02-15-23 | 597000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589943 |
| Parkland Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;10-01-29 | 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97730 |
| Parkland Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;05-01-30 | 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114875 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;06-02-29 | 99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91872 |
| Southwestern Energy Company | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-01-32 | 99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86554 |
| Sunoco LP | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;05-15-29 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60612 |
| Sunoco LP | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-30-30 | 167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144891 |
| Venture Global Calcasieu Pass LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;08-15-29 | 52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44915 |
| Venture Global Calcasieu Pass LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-15-31 | 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113850 |
| **Financials 6.9%** | **Financials 6.9%** | **Financials 6.9%** |  | &nbsp;&nbsp;**2271353** |
| **Banks 4.3%** | **Banks 4.3%** | **Banks 4.3%** |  |  |
| Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;03-15-28 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146978 |
| Barclays PLC (8.000% to 3-15-29, then 5 Year CMT + 5.431%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;03-15-29 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188500 |
| Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.700 | &nbsp;&nbsp;01-30-25 | 381000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321133 |
| Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;08-15-26 | 282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272891 |
| Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.100 | &nbsp;&nbsp;06-30-23 | 158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146260 |
| ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;04-16-25 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188172 |
| Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-18-30 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157020 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 13

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |  |  |
| **Capital markets 0.7%** | **Capital markets 0.7%** | **Capital markets 0.7%** |  |  |
| MSCI, Inc. (A) | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;08-15-33 | 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$99775 |
| MSCI, Inc. (A) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;11-01-31 | 173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145694 |
| **Consumer finance 0.8%** | **Consumer finance 0.8%** | **Consumer finance 0.8%** |  |  |
| Enova International, Inc. (A) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;09-01-24 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28678 |
| Enova International, Inc. (A) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;09-15-25 | 157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144440 |
| OneMain Finance Corp. | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;03-15-25 | 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78675 |
| **Insurance 0.4%** | **Insurance 0.4%** | **Insurance 0.4%** |  |  |
| Liberty Mutual Group, Inc. (4.125% to 9-15-26, then 5 Year CMT + 3.315%) (A) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;12-15-51 | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122309 |
| **Thrifts and mortgage finance 0.7%** | **Thrifts and mortgage finance 0.7%** | **Thrifts and mortgage finance 0.7%** |  |  |
| Nationstar Mortgage Holdings, Inc. (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;12-15-30 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62368 |
| Nationstar Mortgage Holdings, Inc. (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08-15-28 | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104822 |
| Nationstar Mortgage Holdings, Inc. (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;01-15-27 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63638 |
| **Health care 3.9%** | **Health care 3.9%** | **Health care 3.9%** |  | **1259781** |
| **Health care equipment and supplies 0.3%** | **Health care equipment and supplies 0.3%** | **Health care equipment and supplies 0.3%** |  |  |
| Varex Imaging Corp. (A) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;10-15-27 | 101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99420 |
| **Health care providers and services 2.9%** | **Health care providers and services 2.9%** | **Health care providers and services 2.9%** |  |  |
| AdaptHealth LLC (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;03-01-30 | 117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99440 |
| DaVita, Inc. (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;02-15-31 | 452000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332220 |
| DaVita, Inc. (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;06-01-30 | 287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232321 |
| Encompass Health Corp. | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;02-01-28 | 252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226612 |
| Encompass Health Corp. | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-01-31 | 73000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63001 |
| **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** |  |  |
| Organon & Company (A) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-30-31 | 233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206767 |
| **Industrials 19.1%** | **Industrials 19.1%** | **Industrials 19.1%** |  | **6271975** |
| **Aerospace and defense 0.9%** | **Aerospace and defense 0.9%** | **Aerospace and defense 0.9%** |  |  |
| TransDigm, Inc. | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;11-15-27 | 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303485 |
| **Airlines 6.5%** | **Airlines 6.5%** | **Airlines 6.5%** |  |  |
| American Airlines 2015-1 Class A Pass Through Trust | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;05-01-27 | 620793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511513 |
| American Airlines 2015-1 Class B Pass Through Trust | &nbsp;&nbsp;3.700 | &nbsp;&nbsp;05-01-23 | 67028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65729 |
| American Airlines 2016-1 Class A Pass Through Trust | &nbsp;&nbsp;4.100 | &nbsp;&nbsp;01-15-28 | 289316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222850 |
| American Airlines 2019-1 Class A Pass Through Trust | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;02-15-32 | 178937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129734 |
| American Airlines 2021-1 Class B Pass Through Trust | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;07-11-30 | 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53622 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;10-28-24 | 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393420 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;04-19-28 | 341000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311621 |
| United Airlines 2016-1 Class B Pass Through Trust | &nbsp;&nbsp;3.650 | &nbsp;&nbsp;01-07-26 | 153646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135970 |
| United Airlines, Inc. (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;04-15-26 | 194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180619 |
| United Airlines, Inc. (A) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;04-15-29 | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48962 |
| US Airways 2010-1 Class A Pass Through Trust | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04-22-23 | 4379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4362 |
| US Airways 2011-1 Class A Pass Through Trust | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;10-22-23 | 64119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63322 |
| **Building products 1.0%** | **Building products 1.0%** | **Building products 1.0%** |  |  |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-01-32 | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183209 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-30 | 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31047 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;06-15-32 | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106245 |
| **Commercial services and supplies 3.6%** | **Commercial services and supplies 3.6%** | **Commercial services and supplies 3.6%** |  |  |
| Albion Financing 1 SARL (A) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;10-15-26 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177310 |
| Allied Universal Holdco LLC (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-01-29 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143363 |
| APX Group, Inc. (A) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;07-15-29 | 142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120886 |
| Cimpress PLC (A) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;06-15-26 | 393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274247 |
| Garda World Security Corp. (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-01-29 | 61000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49410 |
| GFL Environmental, Inc. (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;08-15-29 | 77000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66074 |
| Graphic Packaging International LLC (A) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;03-01-29 | 168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142842 |
| Prime Security Services Borrower LLC (A) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;08-31-27 | 44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38714 |
| Prime Security Services Borrower LLC (A) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-15-28 | 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181350 |

---

14 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |  |  |
| **Construction and engineering 0.9%** | **Construction and engineering 0.9%** | **Construction and engineering 0.9%** |  |  |
| Global Infrastructure Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;06-01-29 | 167000 | &nbsp;&nbsp;&nbsp;&nbsp;$129425 |
| Tutor Perini Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-01-25 | 199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173199 |
| **Machinery 1.0%** | **Machinery 1.0%** | **Machinery 1.0%** |  |  |
| Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;03-01-31 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56875 |
| JB Poindexter & Company, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;04-15-26 | 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76338 |
| TK Elevator U.S. Newco, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-27 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181504 |
| **Professional services 0.3%** | **Professional services 0.3%** | **Professional services 0.3%** |  |  |
| TriNet Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;03-01-29 | 114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94763 |
| **Road and rail 2.5%** | **Road and rail 2.5%** | **Road and rail 2.5%** |  |  |
| Uber Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-15-29 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269863 |
| Uber Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-15-25 | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171030 |
| Uber Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;09-15-27 | 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392028 |
| **Trading companies and distributors 2.4%** | **Trading companies and distributors 2.4%** | **Trading companies and distributors 2.4%** |  |  |
| Beacon Roofing Supply, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;05-15-29 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109324 |
| BlueLinx Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;11-15-29 | 184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149040 |
| United Rentals North America, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;11-15-27 | 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242880 |
| United Rentals North America, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;01-15-28 | 298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285800 |
| **Information technology 2.2%** | **Information technology 2.2%** | **Information technology 2.2%** |  | &nbsp;&nbsp;&nbsp;**735148** |
| **IT services 1.6%** | **IT services 1.6%** | **IT services 1.6%** |  |  |
| Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;06-01-31 | 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73036 |
| Gartner, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.625 | &nbsp;&nbsp;06-15-29 | 61000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53429 |
| Gartner, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;07-01-28 | 302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284309 |
| Sabre GLBL, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;09-01-25 | 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131445 |
| **Software 0.5%** | **Software 0.5%** | **Software 0.5%** |  |  |
| Consensus Cloud Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;10-15-28 | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149738 |
| **Technology hardware, storage and peripherals 0.1%** | **Technology hardware, storage and peripherals 0.1%** | **Technology hardware, storage and peripherals 0.1%** |  |  |
| Atento Luxco 1 SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;02-10-26 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43191 |
| **Materials 9.2%** | **Materials 9.2%** | **Materials 9.2%** |  | **3002264** |
| **Chemicals 2.5%** | **Chemicals 2.5%** | **Chemicals 2.5%** |  |  |
| Braskem Idesa SAPI (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.990 | &nbsp;&nbsp;02-20-32 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141750 |
| FS Luxembourg Sarl (A) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;12-15-25 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201746 |
| Methanex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;12-01-24 | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62884 |
| Sasol Financing USA LLC | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;03-18-31 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165963 |
| Trinseo Materials Operating SCA (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;04-01-29 | 119000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75714 |
| Valvoline, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.625 | &nbsp;&nbsp;06-15-31 | 201000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163815 |
| **Construction materials 1.7%** | **Construction materials 1.7%** | **Construction materials 1.7%** |  |  |
| Cemex SAB de CV (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;07-11-31 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162540 |
| Cemex SAB de CV (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.200 | &nbsp;&nbsp;09-17-30 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180720 |
| Standard Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;01-15-31 | 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50598 |
| Standard Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;07-15-30 | 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120540 |
| Standard Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-15-27 | 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34050 |
| **Containers and packaging 1.9%** | **Containers and packaging 1.9%** | **Containers and packaging 1.9%** |  |  |
| Owens-Brockway Glass Container, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;05-13-27 | 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105823 |
| Pactiv Evergreen Group Issuer LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;10-15-28 | 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245000 |
| Pactiv Evergreen Group Issuer, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-15-27 | 274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240812 |
| Trident TPI Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;11-01-25 | 51000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43868 |
| **Metals and mining 3.1%** | **Metals and mining 3.1%** | **Metals and mining 3.1%** |  |  |
| Arconic Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;02-15-28 | 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85444 |
| First Quantum Minerals, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;03-01-26 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192846 |
| First Quantum Minerals, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;10-15-27 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381008 |
| Hudbay Minerals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-01-26 | 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33509 |
| JW Aluminum Continuous Cast Company (A) | &nbsp;&nbsp;10.250 | &nbsp;&nbsp;06-01-26 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15338 |
| Novelis Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-30-30 | 298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264951 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 15

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |  |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** | **Metals and mining (continued)** |  |  |
| Volcan Cia Minera SAA (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;02-11-26 | 39000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33345 |
| **Real estate 1.3%** | **Real estate 1.3%** | **Real estate 1.3%** |  | &nbsp;&nbsp;&nbsp;**427119** |
| **Equity real estate investment trusts 1.3%** | **Equity real estate investment trusts 1.3%** | **Equity real estate investment trusts 1.3%** |  |  |
| Iron Mountain Information Management Services, Inc. (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-15-32 | 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34645 |
| Iron Mountain, Inc. (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;09-15-29 | 88000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77376 |
| Iron Mountain, Inc. (A) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-30 | 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124200 |
| RHP Hotel Properties LP (A) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;02-15-29 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125939 |
| XHR LP (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-01-29 | 76000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64959 |
| **Utilities 3.2%** | **Utilities 3.2%** | **Utilities 3.2%** |  | **1053456** |
| **Electric utilities 1.5%** | **Electric utilities 1.5%** | **Electric utilities 1.5%** |  |  |
| FirstEnergy Corp. | &nbsp;&nbsp;2.650 | &nbsp;&nbsp;03-01-30 | 141000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116573 |
| NRG Energy, Inc. (A) | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;02-15-29 | 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31572 |
| NRG Energy, Inc. (A) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;02-15-31 | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135941 |
| NRG Energy, Inc. (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;02-15-32 | 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198562 |
| **Gas utilities 0.6%** | **Gas utilities 0.6%** | **Gas utilities 0.6%** |  |  |
| AmeriGas Partners LP | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;05-20-25 | 194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188180 |
| **Independent power and renewable electricity producers 1.1%** | **Independent power and renewable electricity producers 1.1%** | **Independent power and renewable electricity producers 1.1%** |  |  |
| DPL, Inc. | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;07-01-25 | 158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148860 |
| NextEra Energy Operating Partners LP (A) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;10-15-26 | 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181058 |
| NextEra Energy Operating Partners LP (A) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;09-15-27 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52710 |
| **Term loans (D) 2.2%** |  |  |  | &nbsp;&nbsp;&nbsp;**$713892** |
| (Cost $759,789) |  |  |  |  |
| **Communication services 0.2%** | **Communication services 0.2%** | **Communication services 0.2%** | **Communication services 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59239 |
| **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** |
| AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | &nbsp;&nbsp;9.571 | &nbsp;&nbsp;09-01-27 | 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59239 |
| **Consumer discretionary 0.6%** | **Consumer discretionary 0.6%** | **Consumer discretionary 0.6%** | **Consumer discretionary 0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;192777 |
| **Household durables 0.6%** | **Household durables 0.6%** | **Household durables 0.6%** | **Household durables 0.6%** | **Household durables 0.6%** |
| Hunter Douglas, Inc., USD Term Loan B1 (3 month SOFR + 3.500%) | &nbsp;&nbsp;7.859 | &nbsp;&nbsp;02-26-29 | 221445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192777 |
| **Health care 0.1%** | **Health care 0.1%** | **Health care 0.1%** | **Health care 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47356 |
| **Health care providers and services 0.1%** | **Health care providers and services 0.1%** | **Health care providers and services 0.1%** | **Health care providers and services 0.1%** | **Health care providers and services 0.1%** |
| TTF Holdings LLC, Term Loan (1 month LIBOR + 4.000%) | &nbsp;&nbsp;8.120 | &nbsp;&nbsp;03-31-28 | 48077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47356 |
| **Industrials 0.9%** | **Industrials 0.9%** | **Industrials 0.9%** | **Industrials 0.9%** | &nbsp;&nbsp;&nbsp;&nbsp;300561 |
| **Professional services 0.9%** | **Professional services 0.9%** | **Professional services 0.9%** | **Professional services 0.9%** | **Professional services 0.9%** |
| CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;06-02-28 | 365424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300561 |
| **Information technology 0.0%** | **Information technology 0.0%** | **Information technology 0.0%** | **Information technology 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| **Software 0.0%** | **Software 0.0%** | **Software 0.0%** | **Software 0.0%** | **Software 0.0%** |
| Quest Software, Inc., 2022 Term Loan (3 month SOFR + 4.250%) | &nbsp;&nbsp;8.494 | &nbsp;&nbsp;02-01-29 | 65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| **Materials 0.4%** | **Materials 0.4%** | **Materials 0.4%** | **Materials 0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;113910 |
| **Containers and packaging 0.4%** | **Containers and packaging 0.4%** | **Containers and packaging 0.4%** | **Containers and packaging 0.4%** | **Containers and packaging 0.4%** |
| Clydesdale Acquisition Holdings, Inc., Term Loan B (1 month SOFR + 4.175%) | &nbsp;&nbsp;8.361 | &nbsp;&nbsp;04-13-29 | 33915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32695 |
| Mauser Packaging Solutions Holding Company, 2017 Term Loan B (1 month LIBOR + 3.250%) | &nbsp;&nbsp;7.018 | &nbsp;&nbsp;04-03-24 | 83781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81215 |
| **Asset backed securities 0.1%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$29470** |
| (Cost $38,000) |  |  |  |  |
| **Asset backed securities 0.1%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29470** |
| Diamond Infrastructure Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-49 | &nbsp;&nbsp;&nbsp;&nbsp;38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29470 |

---

16 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common stocks 0.4%** |  | &nbsp;&nbsp;**$127070** |
| (Cost $240,108) |  |  |
| **Utilities 0.4%** |  | &nbsp;&nbsp;**127070** |
| **Multi-utilities 0.4%** |  |  |
| Algonquin Power & Utilities Corp. | 4850 | &nbsp;&nbsp;&nbsp;127070 |
| **Preferred securities 0.2%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**$71440** |
| (Cost $91,274) |  |  |
| **Communication services 0.2%** |  | &nbsp;&nbsp;&nbsp;**71440** |
| **Wireless telecommunication services 0.2%** |  |  |
| Telephone & Data Systems, Inc., 6.625% | &nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;71440 |

---

---

| | | |
|:---|:---|:---|
|  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Escrow certificates 0.0%** |  | &nbsp;&nbsp;**$50** |
| (Cost $0) |  |  |
| LSC Communications, Inc. (A)(E) | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;50 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $35,494,261) 96.9%** | **$31740469** |
| **Other assets and liabilities, net 3.1%** | &nbsp;&nbsp;&nbsp;&nbsp;**1025019** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$32765488** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CMT | Constant Maturity Treasury |
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
| SOFR | Secured Overnight Financing Rate |
| (A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $20,307,620 or 62.0% of the portfolio's net assets as of 11-30-22. |
| (B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (C) | Non-income producing - Issuer is in default. |
| (D) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
| (E) | Non-income producing security. |

---

#### MANAGED ACCOUNT SHARES SECURITIZED DEBT PORTFOLIO

------

#### As of 11-30-22 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Collateralized mortgage obligations 44.1%** | **Collateralized mortgage obligations 44.1%** |  |  | **$33286218** |
| (Cost $35,105,870) |  |  |  |  |
| **Commercial and residential 35.4%** | **Commercial and residential 35.4%** | **Commercial and residential 35.4%** |  | &nbsp;&nbsp;**26697933** |
| Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-R1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-53 | &nbsp;&nbsp;&nbsp;&nbsp;206486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192009 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;381091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-4, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-65 | &nbsp;&nbsp;&nbsp;&nbsp;625400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;300974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235530 |
| Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-48 | &nbsp;&nbsp;&nbsp;&nbsp;86125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1R, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-48 | &nbsp;&nbsp;&nbsp;&nbsp;74951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59148 |
| BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-200P, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-14-33 | &nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240355 |
| BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-C6, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-53 | &nbsp;&nbsp;&nbsp;&nbsp;81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76152 |
| BBCMS Trust | BBCMS Trust | BBCMS Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-SRCH, Class D (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-10-35 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85903 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-B12, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-52 | &nbsp;&nbsp;&nbsp;&nbsp;92933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88377 |
| BOCA Commercial Mortgage Trust | BOCA Commercial Mortgage Trust | BOCA Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;453000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438544 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95496 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 17

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| BPR Trust | BPR Trust | BPR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$935105 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204930 |
| BX Commercial Mortgage Trust | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-ACNT, Class A (1 month LIBOR + 0.850%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;1176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1130321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-17-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404216 |
| BX Trust | BX Trust | BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-MFM1, Class D (1 month LIBOR + 1.500%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-CLS, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-13-27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279988 |
| BXHPP Trust | BXHPP Trust | BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FILM, Class C (1 month LIBOR + 1.100%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482691 |
| CAMB Commercial Mortgage Trust | CAMB Commercial Mortgage Trust | CAMB Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225572 |
| Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-CF1, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315216 |
| CFK Trust | CFK Trust | CFK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-MF2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112047 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-P4, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-10-49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689870 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-PRM, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-10-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308993 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-SMRT, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-10-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267432 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-GC46, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-PRM2, Class A (1 month LIBOR + 0.950%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205962 |
| COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116599 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-27-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191992 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-HX1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2, Class A1 (2.994% to 2-1-26, then 3.994% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175500 |
| COLT Mortgage Pass-Through Trust | COLT Mortgage Pass-Through Trust | COLT Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1R, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21614 |
| COLT Trust | COLT Trust | COLT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-RPL1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125445 |
| Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-CR25, Class A4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-10-48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295773 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-CX, Class D (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-10-46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255688 |
| Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-ICE4, Class B (1 month LIBOR + 1.230%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NET, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM5, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM6, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90682 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-RPL2, Class A1A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263856 |
| DBJPM Mortgage Trust | DBJPM Mortgage Trust | DBJPM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-C9, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236121 |
| Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198863 |
| Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288455 |
| Flagstar Mortgage Trust | Flagstar Mortgage Trust | Flagstar Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A2 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-01-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86393 |
| GCAT Trust | GCAT Trust | GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-3, Class A1 (2.981% to 9-25-23, then 5.981% to 9-25-24, then 6.981% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM2, Class A1 (1.555% to 7-1-24, then 2.555% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199584 |

---

18 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;193167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149807 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;106342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85392 |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-590M, Class C (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-10-35 | &nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-GC39, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-10-52 | &nbsp;&nbsp;&nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-UPTN, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-10-37 | &nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109818 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-27-60 | &nbsp;&nbsp;&nbsp;&nbsp;235423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213674 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-61 | &nbsp;&nbsp;&nbsp;&nbsp;182009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150206 |
| Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;119828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107526 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-56 | &nbsp;&nbsp;&nbsp;&nbsp;168501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139849 |
| IMT Trust | IMT Trust | IMT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-APTS, Class AFX (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204358 |
| InTown Mortgage Trust | InTown Mortgage Trust | InTown Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856329 |
| Irvine Core Office Trust | Irvine Core Office Trust | Irvine Core Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-IRV, Class A2 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-48 | &nbsp;&nbsp;&nbsp;&nbsp;233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229336 |
| JPMorgan Chase Commercial Mortgage Securities Trust | JPMorgan Chase Commercial Mortgage Securities Trust | JPMorgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-OPO, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-05-39 | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309319 |
| KNDL Mortgage Trust | KNDL Mortgage Trust | KNDL Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-36 | &nbsp;&nbsp;&nbsp;&nbsp;485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471815 |
| Life Mortgage Trust | Life Mortgage Trust | Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;707739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;182832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171827 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848682 |
| MFA Trust | MFA Trust | MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;391846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338349 |
| MHP Trust | MHP Trust | MHP Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-MHIL, Class A (1 month CME Term SOFR + 0.815%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-27 | &nbsp;&nbsp;&nbsp;&nbsp;267206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254645 |
| New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A1B (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-59 | &nbsp;&nbsp;&nbsp;&nbsp;106257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97628 |
| NMLT Trust | NMLT Trust | NMLT Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-INV1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-56 | &nbsp;&nbsp;&nbsp;&nbsp;619491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494081 |
| OBX Trust | OBX Trust | OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-61 | &nbsp;&nbsp;&nbsp;&nbsp;614753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461289 |
| One Market Plaza Trust | One Market Plaza Trust | One Market Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1MKT, Class D (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-10-32 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184203 |
| SLG Office Trust | SLG Office Trust | SLG Office Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-OVA, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-41 | &nbsp;&nbsp;&nbsp;&nbsp;465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-OVA, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-41 | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525046 |
| SMRT | SMRT | SMRT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-39 | &nbsp;&nbsp;&nbsp;&nbsp;764000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732875 |
| Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;56720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;169951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141681 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-1, Class A5 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-53 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-6, Class M2 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92488 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-58 | &nbsp;&nbsp;&nbsp;&nbsp;21609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-58 | &nbsp;&nbsp;&nbsp;&nbsp;50573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-6, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-58 | &nbsp;&nbsp;&nbsp;&nbsp;222069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208786 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-6, Class A1A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-58 | &nbsp;&nbsp;&nbsp;&nbsp;45719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-58 | &nbsp;&nbsp;&nbsp;&nbsp;207028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191819 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-59 | &nbsp;&nbsp;&nbsp;&nbsp;376808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-60 | &nbsp;&nbsp;&nbsp;&nbsp;342871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-60 | &nbsp;&nbsp;&nbsp;&nbsp;601619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529495 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4, Class A1 (1.502% to 7-1-24, then 2.502% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;299088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266960 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;107668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;41833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;254957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205479 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 19

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-4, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$594518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R1, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94457 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R2, Class A1 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4, Class A1 (4.474% to 4-1-26, then 5.474% thereafter) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254916 |
| Visio Trust | Visio Trust | Visio Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1R, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69092 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-C55, Class A2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206759 |
| **U.S. Government Agency 8.7%** | **U.S. Government Agency 8.7%** | **U.S. Government Agency 8.7%** |  | &nbsp;&nbsp;&nbsp;**6588285** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA6, Class M1 (1 month SOFR + 0.800%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA7, Class M1 (1 month SOFR + 0.850%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA2, Class M1A (1 month SOFR + 1.300%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469848 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304593 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584560 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-HQA3, Class M1B (1 month SOFR + 3.550%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331638 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K048, Class X1 IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-25 | &nbsp;&nbsp;&nbsp;&nbsp;10008135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48410 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R08, Class 1M1 (1 month SOFR + 2.550%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 427, Class C20 IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;2066097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 427, Class C77 IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141470 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-108, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;2560612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156604 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-114, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-118, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-120, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;1018403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-137, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;4075070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238034 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-150, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;1131255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81282 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-170, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-92, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54161 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-10, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-16-63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33461 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-11, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-16-62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-203, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-16-63 | &nbsp;&nbsp;&nbsp;&nbsp;5836120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-47, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-16-61 | &nbsp;&nbsp;&nbsp;&nbsp;4741013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350851 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-150, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-16-64 | &nbsp;&nbsp;&nbsp;&nbsp;5573951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-181, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-16-64 | &nbsp;&nbsp;&nbsp;&nbsp;2461920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-57, Class IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-16-63 | &nbsp;&nbsp;&nbsp;&nbsp;2969685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189113 |
| **Asset backed securities 52.7%** |  |  |  | &nbsp;&nbsp;**$39853312** |
| (Cost $42,368,832) |  |  |  |  |
| **Asset backed securities 52.7%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**39853312** |
| ABPCI Direct Lending Fund I, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-20-30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530808 |
| Aligned Data Centers Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731899 |
| Ally Auto Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1, Class A3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350440 |
| AmeriCredit Automobile Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143994 |

---

20 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset backed securities (continued)** |  |  |  |  |
| AMSR Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-SFR1, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-19-39 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$224624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-17-37 | &nbsp;&nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR4, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-17-37 | &nbsp;&nbsp;&nbsp;&nbsp;420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR1, Class B (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203961 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR4, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170880 |
| Apex Credit CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A1R (3 month CME Term SOFR + 1.230%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-31 | &nbsp;&nbsp;&nbsp;&nbsp;706000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690870 |
| Applebee's Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-05-49 | &nbsp;&nbsp;&nbsp;&nbsp;632610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598710 |
| Aqua Finance Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-17-46 | &nbsp;&nbsp;&nbsp;&nbsp;501406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457930 |
| Arby's Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-30-50 | &nbsp;&nbsp;&nbsp;&nbsp;263925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225883 |
| Avis Budget Rental Car Funding AESOP LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-20-26 | &nbsp;&nbsp;&nbsp;&nbsp;663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615441 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-26 | &nbsp;&nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320669 |
| Beacon Container Finance II LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-22-46 | &nbsp;&nbsp;&nbsp;&nbsp;485067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409795 |
| Benefit Street Partners CLO XX, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-20A, Class AR (3 month LIBOR + 1.170%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290602 |
| Benefit Street Partners CLO XXIII, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-23A, Class A1 (3 month LIBOR + 1.080%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-34 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241349 |
| BRE Grand Islander Timeshare Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-26-33 | &nbsp;&nbsp;&nbsp;&nbsp;438515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412255 |
| Carlyle U.S. CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2A, Class A1R (3 month LIBOR + 1.120%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243356 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class A1R (3 month LIBOR + 1.140%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-35 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240947 |
| CarMax Auto Owner Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4, Class A3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-16-27 | &nbsp;&nbsp;&nbsp;&nbsp;112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112569 |
| CARS-DB4 LP |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-50 | &nbsp;&nbsp;&nbsp;&nbsp;647817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class B1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-50 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91143 |
| CF Hippolyta Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-60 | &nbsp;&nbsp;&nbsp;&nbsp;960079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849786 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-15-61 | &nbsp;&nbsp;&nbsp;&nbsp;628494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542076 |
| Chase Auto Credit Linked Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3, Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-26-29 | &nbsp;&nbsp;&nbsp;&nbsp;130912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122926 |
| CIFC Funding, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class AR (3 month LIBOR + 1.170%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242889 |
| CLI Funding VI LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-18-45 | &nbsp;&nbsp;&nbsp;&nbsp;553768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474208 |
| CLI Funding VIII LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-18-46 | &nbsp;&nbsp;&nbsp;&nbsp;586755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-18-47 | &nbsp;&nbsp;&nbsp;&nbsp;467024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392424 |
| DataBank Issuer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-27-51 | &nbsp;&nbsp;&nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689968 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;396000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346101 |
| DB Master Finance LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class A2II (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-20-47 | &nbsp;&nbsp;&nbsp;&nbsp;395288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-20-51 | &nbsp;&nbsp;&nbsp;&nbsp;363330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311464 |
| Diamond Infrastructure Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-49 | &nbsp;&nbsp;&nbsp;&nbsp;239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196366 |
| Domino's Pizza Master Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class A23 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-47 | &nbsp;&nbsp;&nbsp;&nbsp;715328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655935 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-49 | &nbsp;&nbsp;&nbsp;&nbsp;356908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301745 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;758450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634399 |
| Driven Brands Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-20-48 | &nbsp;&nbsp;&nbsp;&nbsp;215830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199717 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-51 | &nbsp;&nbsp;&nbsp;&nbsp;324225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267928 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-51 | &nbsp;&nbsp;&nbsp;&nbsp;182160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144365 |
| Eaton Vance CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class BR (3 month LIBOR + 1.700%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236740 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 21

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset backed securities (continued)** |  |  |  |  |
| Elara HGV Timeshare Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-34 | &nbsp;&nbsp;&nbsp;&nbsp;216922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$200994 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-27-35 | &nbsp;&nbsp;&nbsp;&nbsp;96371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85751 |
| Exeter Automobile Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-26 | &nbsp;&nbsp;&nbsp;&nbsp;173361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169095 |
| FirstKey Homes Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR1, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-17-37 | &nbsp;&nbsp;&nbsp;&nbsp;125001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-19-37 | &nbsp;&nbsp;&nbsp;&nbsp;445748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR1, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;459431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393368 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR1, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;111820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94495 |
| Five Guys Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-47 | &nbsp;&nbsp;&nbsp;&nbsp;176763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166256 |
| Golub Capital Partners Funding, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-22-29 | &nbsp;&nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-20-29 | &nbsp;&nbsp;&nbsp;&nbsp;191000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172372 |
| HalseyPoint CLO II, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class B (3 month LIBOR + 1.640%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-20-31 | &nbsp;&nbsp;&nbsp;&nbsp;286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277106 |
| HI-FI Music IP Issuer LP |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-01-62 | &nbsp;&nbsp;&nbsp;&nbsp;243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217972 |
| Hilton Grand Vacations Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-AA, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-32 | &nbsp;&nbsp;&nbsp;&nbsp;297275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287178 |
| HIN Timeshare Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-09-39 | &nbsp;&nbsp;&nbsp;&nbsp;232597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211644 |
| Home Partners of America Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-17-39 | &nbsp;&nbsp;&nbsp;&nbsp;79239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-17-26 | &nbsp;&nbsp;&nbsp;&nbsp;121924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105087 |
| Hotwire Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-20-51 | &nbsp;&nbsp;&nbsp;&nbsp;147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127673 |
| Hyundai Auto Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-C, Class A3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-27 | &nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528830 |
| Jack in the Box Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A23 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-49 | &nbsp;&nbsp;&nbsp;&nbsp;112988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-26-52 | &nbsp;&nbsp;&nbsp;&nbsp;203895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177405 |
| Laurel Road Prime Student Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class A2FX (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-48 | &nbsp;&nbsp;&nbsp;&nbsp;159048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154252 |
| Madison Park Funding XI, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-11A, Class AR2 (3 month LIBOR + 0.900%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-23-29 | &nbsp;&nbsp;&nbsp;&nbsp;242246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238724 |
| Marathon CLO X, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-10A, Class A1AR (3 month LIBOR + 1.000%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;209941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206345 |
| Monroe Capital Funding, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-22-31 | &nbsp;&nbsp;&nbsp;&nbsp;152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135956 |
| MVW LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-21-41 | &nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171827 |
| MVW Owner Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-21-36 | &nbsp;&nbsp;&nbsp;&nbsp;53594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51805 |
| Navient Private Education Refi Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-FA, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-15-68 | &nbsp;&nbsp;&nbsp;&nbsp;213940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-BA, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-69 | &nbsp;&nbsp;&nbsp;&nbsp;504081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-FA, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-69 | &nbsp;&nbsp;&nbsp;&nbsp;61865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-GA, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-16-69 | &nbsp;&nbsp;&nbsp;&nbsp;195608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172142 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HA, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-69 | &nbsp;&nbsp;&nbsp;&nbsp;206783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-69 | &nbsp;&nbsp;&nbsp;&nbsp;616891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526716 |
| Navient Student Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class A1A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-26-69 | &nbsp;&nbsp;&nbsp;&nbsp;74538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62804 |
| Neighborly Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-30-51 | &nbsp;&nbsp;&nbsp;&nbsp;291560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-30-52 | &nbsp;&nbsp;&nbsp;&nbsp;258050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204389 |
| Neuberger Berman Loan Advisers CLO 34, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-34A, Class BR (3 month CME Term SOFR + 1.750%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-35 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236636 |
| New Economy Assets Phase 1 Sponsor LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-61 | &nbsp;&nbsp;&nbsp;&nbsp;997000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842950 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class B1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-61 | &nbsp;&nbsp;&nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197626 |

---

22 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset backed securities (continued)** |  |  |  |  |
| NYACK Park CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (3 month LIBOR + 1.120%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$242354 |
| Oaktree CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A1 (3 month LIBOR + 1.160%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483807 |
| Ocean Trails CLO X |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-10A, Class AR (3 month LIBOR + 1.220%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241305 |
| OCP CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-19A, Class AR (3 month LIBOR + 1.150%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241844 |
| Octagon Investment Partners, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-3A, Class AR (3 month LIBOR + 1.150%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242202 |
| Oxford Finance Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31834 |
| Progress Residential Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-19-38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SFR5, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-17-38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171168 |
| Santander Revolving Auto Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-26-32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446027 |
| SCF Equipment Leasing LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2A, Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2A, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-21-27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180028 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2A, Class A3 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-21-30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826837 |
| SERVPRO Master Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218496 |
| Sesac Finance LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237238 |
| Sierra Timeshare Receivables Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-20-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85580 |
| SMB Private Education Loan Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-A, Class A2A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-B, Class A2A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-PTA, Class A2A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class APT2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-D, Class A1A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-17-53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202264 |
| SoFi Professional Loan Program LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-B, Class A2FX (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-17-48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114848 |
| Sonic Capital LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2II (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386597 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712589 |
| Starwood Property Mortgage Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-SIF2A, Class A1 (3 month CME Term SOFR + 1.550%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-15-33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244889 |
| Symphony Static CLO I, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (3 month LIBOR + 0.830%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218739 |
| Taco Bell Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-1A, Class A23 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803627 |
| TAL Advantage VII LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-20-45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144557 |
| TIF Funding II LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-20-45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-20-46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457519 |
| Toyota Auto Receivables Owner Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-D, Class A3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479183 |
| Tricon American Homes Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SFR2, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-17-39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276028 |
| Triton Container Finance VIII LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-20-45 | &nbsp;&nbsp;&nbsp;&nbsp;1023871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870068 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-20-46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236203 |
| Vantage Data Centers LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270365 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503316 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 23

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset backed securities (continued)** |  |  |  |  |
| VCP RRL ABS I, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-20-31 | &nbsp;&nbsp;&nbsp;&nbsp;70973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$64137 |
| VR Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-15-50 | &nbsp;&nbsp;&nbsp;&nbsp;118449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104364 |
| VSE VOI Mortgage LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-A, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-20-35 | &nbsp;&nbsp;&nbsp;&nbsp;76766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73233 |
| Wendy's Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-51 | &nbsp;&nbsp;&nbsp;&nbsp;994413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798940 |
| Wingstop Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-05-50 | &nbsp;&nbsp;&nbsp;&nbsp;452580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385197 |
| Zaxby's Funding LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2 (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-30-51 | &nbsp;&nbsp;&nbsp;&nbsp;237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192342 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $77,474,702) 96.8%** | **$73139530** |
| **Other assets and liabilities, net 3.2%** | &nbsp;&nbsp;&nbsp;&nbsp;**2449434** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$75588964** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CME | Chicago Mercantile Exchange |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| LIBOR | London Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| (A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $66,168,987 or 87.5% of the portfolio's net assets as of 11-30-22. |
| (B) | 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. |
| (C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |

---

24 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

Financial statements

#### STATEMENTS OF ASSETS AND LIABILITIES 11-30-22 (unaudited)

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** |
| **Assets** |  |  |  |
| Unaffiliated investments, at value | $61387765 | &nbsp;&nbsp;&nbsp;$31740469 | &nbsp;&nbsp;&nbsp;$73139530 |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;1629189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880564 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190375 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;1658512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923130 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3997 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22119 |
| **Total assets** | &nbsp;&nbsp;**65429314** | &nbsp;&nbsp;&nbsp;&nbsp;**34747977** | &nbsp;&nbsp;&nbsp;&nbsp;**77159715** |
| **Liabilities** |  |  |  |
| Distributions payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219998 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;1614061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1670457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216442 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111090 |
| Payable to affiliates |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19962 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;**1977698** | &nbsp;&nbsp;&nbsp;&nbsp;**1982489** | &nbsp;&nbsp;&nbsp;&nbsp;**1570751** |
| **Net assets** | **$63451616** | &nbsp;&nbsp;**$32765488** | &nbsp;&nbsp;**$75588964** |
| **Net assets consist of** |  |  |  |
| Paid-in capital | $70203567 | &nbsp;&nbsp;&nbsp;$39788244 | &nbsp;&nbsp;&nbsp;$80610286 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;(6751951) | &nbsp;&nbsp;&nbsp;&nbsp;(7022756) | &nbsp;&nbsp;&nbsp;&nbsp;(5021322) |
| **Net assets** | **$63451616** | &nbsp;&nbsp;**$32765488** | &nbsp;&nbsp;**$75588964** |
| Unaffiliated investments, at cost | $66278185 | &nbsp;&nbsp;&nbsp;$35494261 | &nbsp;&nbsp;&nbsp;$77474702 |
| Total investments, at cost | &nbsp;&nbsp;&nbsp;66278185 | &nbsp;&nbsp;&nbsp;&nbsp;35494261 | &nbsp;&nbsp;&nbsp;&nbsp;77474702 |
| **Net asset value per share** |  |  |  |
| Based on net asset values and shares outstanding-the portfolio has an unlimited number of shares authorized with no par value. |  |  |  |
| Net assets | $63451616 | &nbsp;&nbsp;&nbsp;$32765488 | &nbsp;&nbsp;&nbsp;$75588964 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;7470014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4003185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8454319 |
| Net asset value per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8.49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8.94 |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 25

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### STATEMENTS OF OPERATIONS For the six months ended 11-30-22 (unaudited)

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** |
| **Investment income** |  |  |  |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$875225 | &nbsp;&nbsp;&nbsp;&nbsp;$1030055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$926460 |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**875210** | &nbsp;&nbsp;&nbsp;&nbsp;**1041399** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**926460** |
| **Expenses** |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169168 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4094 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4706 |
| State registration fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12848 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8048 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18171 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6756 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**188393** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**163159** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**224271** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(188393) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(163159) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(224271) |
| **Net expenses** | &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;**—** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**875210** | &nbsp;&nbsp;&nbsp;&nbsp;**1041399** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**926460** |
| **Realized and unrealized gain (loss)** |  |  |  |
| **Net realized gain (loss) on** |  |  |  |
| Unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(849062) | &nbsp;&nbsp;&nbsp;&nbsp;(2042183) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(196263) |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |
| Unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(627788) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(346592) | &nbsp;&nbsp;&nbsp;&nbsp;(2028594) |
| **Net realized and unrealized loss** | &nbsp;&nbsp;&nbsp;**(1476850)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2388775)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2224857)** |
| **Decrease in net assets from operations** | &nbsp;&nbsp;&nbsp;**$(601640)** | &nbsp;&nbsp;&nbsp;**$(1347376)** | &nbsp;&nbsp;&nbsp;**$(1298397)** |

---

26 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** | &nbsp;&nbsp;**Managed Account Shares Securitized Debt Portfolio** |
|  | &nbsp;&nbsp;**Six months ended <br> 11-30-22<br> (unaudited)** | &nbsp;&nbsp;**Year ended <br> 5-31-22** | &nbsp;&nbsp;**Six months ended <br> 11-30-22<br> (unaudited)** | &nbsp;&nbsp;**Year ended <br> 5-31-22** | &nbsp;&nbsp;**Six months ended <br> 11-30-22<br> (unaudited)** | &nbsp;&nbsp;**Year ended <br> 5-31-22** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$875210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$959490 | &nbsp;&nbsp;&nbsp;&nbsp;$1041399 | &nbsp;&nbsp;&nbsp;&nbsp;$1579138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$926460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$768508 |
| Net realized loss | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(849062) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(360608) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2042183) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(419309) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(196263) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(542571) |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(627788) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4458093) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(346592) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3790764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2028594) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2418106) |
| **Decrease in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(601640)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3859211)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1347376)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2630935)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1298397)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2192169)** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;From net investment income and realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1043734) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1391235) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1206075) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1817954) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(869509) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(794340) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;**(1043734)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1391235)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1206075)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1817954)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(869509)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(794340)** |
| **From portfolio share transactions** | &nbsp;&nbsp;&nbsp;&nbsp;**27821272** | &nbsp;&nbsp;&nbsp;&nbsp;**18086738** | &nbsp;&nbsp;&nbsp;&nbsp;**(3347869)** | &nbsp;&nbsp;&nbsp;&nbsp;**20002604** | &nbsp;&nbsp;&nbsp;&nbsp;**40330631** | &nbsp;&nbsp;&nbsp;&nbsp;**15891816** |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**26175898** | &nbsp;&nbsp;&nbsp;&nbsp;**12836292** | &nbsp;&nbsp;&nbsp;&nbsp;**(5901320)** | &nbsp;&nbsp;&nbsp;&nbsp;**15553715** | &nbsp;&nbsp;&nbsp;&nbsp;**38162725** | &nbsp;&nbsp;&nbsp;&nbsp;**12905307** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;37275718 | &nbsp;&nbsp;&nbsp;&nbsp;24439426 | &nbsp;&nbsp;&nbsp;&nbsp;38666808 | &nbsp;&nbsp;&nbsp;&nbsp;23113093 | &nbsp;&nbsp;&nbsp;&nbsp;37426239 | &nbsp;&nbsp;&nbsp;&nbsp;24520932 |
| **End of period** | &nbsp;&nbsp;**$63451616** | &nbsp;&nbsp;**$37275718** | &nbsp;&nbsp;**$32765488** | &nbsp;&nbsp;**$38666808** | &nbsp;&nbsp;**$75588964** | &nbsp;&nbsp;**$37426239** |

---

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 27

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

Financial Highlights

#### MANAGED ACCOUNT SHARES INVESTMENT-GRADE CORPORATE BOND PORTFOLIO

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.97** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.34** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.02** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.30 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.44) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.07 |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.27)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.95)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.71** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.37** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.39) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.38) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.35) |
| From net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.03) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.21)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.42)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.39)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.35)** |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.49** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.97** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.34** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.02** |
| **Total return (%)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3.01)<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(9.54)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.09** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.74<sup>5</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.88<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.87<sup>6</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>7</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;—<sup>6</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.09<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.33<sup>6</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Period from 7-9-19 (commencement of operations) to 5-31-20.

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

<sup>4</sup> Total returns would have been lower had certain expenses not been reduced during the period.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

<sup>7</sup> Less than 0.005%.

#### MANAGED ACCOUNT SHARES NON-INVESTMENT-GRADE CORPORATE BOND PORTFOLIO

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.77** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.85** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.10** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.52 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.55) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.01) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.87) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.30)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.56)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.31** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.35)** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.29) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.52) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.56) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.55) |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.18** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.77** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.85** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.10** |
| **Total return (%)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3.41)<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5.98)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.69** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3.62)<sup>5</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7 |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.94<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.93<sup>6</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>6</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>6,7</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.97<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.03<sup>6</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Period from 7-9-19 (commencement of operations) to 5-31-20.

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

<sup>4</sup> Total returns would have been lower had certain expenses not been reduced during the period.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

<sup>7</sup> Less than 0.005%.

28 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### MANAGED ACCOUNT SHARES SECURITIZED DEBT PORTFOLIO

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11-30-22<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5-31-20<sup>2</sup>** |
| **Per share operating performance** |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.33** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.17** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.96** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.00** |
| Net investment income<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.41) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.84) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02) |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.25)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.60)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.23** |
| **Less distributions** |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.27) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.27) |
| From net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.14)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.24)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.29)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.27)** |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8.94** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.33** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.17** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$9.96** |
| **Total return (%)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2.64)<sup>5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5.98)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.02** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.37<sup>5</sup>** |
| **Ratios and supplemental data** |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 |
| Ratios (as a percentage of average net assets): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.84<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.86<sup>6</sup> |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>6</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;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>6</sup> |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45<sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.80<sup>6</sup> |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41 |

---

<sup>1</sup> Six months ended 11-30-22. Unaudited.

<sup>2</sup> Period from 7-9-19 (commencement of operations) to 5-31-20.

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

<sup>4</sup> Total returns would have been lower had certain expenses not been reduced during the period.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 29

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Notes to financial statements (unaudited)

#### Note 1 — Organization
John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio, John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio and John Hancock Managed Account Shares Securitized Debt Portfolio (collectively, John Hancock Managed Account Shares Portfolios, or the Portfolios, and individually, Portfolio) are each a series of John Hancock Strategic Series (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective for each portfolio is to seek high level of current income consistent with prudent investment risk.

Shares of the portfolios may be purchased only by or on behalf of separately managed account clients where the portfolios' subadvisor or an affiliate of the subadvisor (each a "Managed Account Adviser") has an agreement with the managed account program sponsor (the "Program Sponsor") (typically, a registered investment adviser or broker dealer), or directly with the client, to provide management or advisory services to the managed account.

#### Note 2 — Significant accounting policies
The 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 portfolios qualify as investment companies 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 financial statements. The following summarizes the significant accounting policies of the portfolios:

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Advisor's Valuation Policies and Procedures.**

In order to value the securities, the portfolios use the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price.

In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The portfolios use a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the portfolios' investments as of November 30, 2022, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 11-30-22** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Managed Account Shares Investment-Grade Corporate Bond Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | **$61033533** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$61033533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds | **354232** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;354232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$61387765** | **—** | **$61387765** | **—** |
| **Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |

---

30 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 11-30-22** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign government obligations | **$108702** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$108702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | **30689845** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;30689845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | **713892** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;713892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities | **29470** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;29470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | **127070** | &nbsp;&nbsp;&nbsp;&nbsp;$127070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | **71440** | &nbsp;&nbsp;&nbsp;&nbsp;71440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Escrow certificates | **50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$31740469** | **$198510** | **$31541959** | **—** |
| **Managed Account Shares Securitized Debt Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligations | **$33286218** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$33286218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities | **39853312** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;39853312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$73139530** | **—** | **$73139530** | **—** |

---

**Term loans (Floating rate loans). The portfolios may invest in term loans, which are debt securities and are often rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale and generally have longer settlement periods than conventional debt securities. Term loans involve special types of risk, including credit risk, interest-rate risk, counterparty risk, and risk associated with extended settlement. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.** 

The portfolios' 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 portfolios' failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the portfolios' income and would likely reduce the value of its assets. Transactions in loan investments typically take a significant amount of time (i.e., seven days or longer) to settle. This could pose a liquidity risk to the portfolios and, if the portfolios' exposure to such investments is substantial, it could impair the portfolios' ability to meet redemptions. 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 and/or term loan agents. There is greater risk that the portfolios may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.

**Mortgage and asset backed securities. The portfolios 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 portfolios having to reinvest the proceeds in lower yielding securities, effectively reducing the portfolios' 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 portfolios' 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 portfolios are 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 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.**

**Real estate investment trusts. The portfolios may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of their fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the portfolios will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.**

**Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily 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.**

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 31

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Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

**Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.** 

Portfolios that invest internationally generally carry more risk than portfolios that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

**Foreign taxes. The portfolios may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the portfolios' understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the portfolios as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.**

**Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.**

**Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statements of operations. For the six months ended November 30, 2022, the portfolios had no borrowings under the line of credit.**

Commitment fees for the six months ended November 30, 2022 were as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Commitment fee** |
| Managed Account Shares Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1626 |
| Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1629 |
| Managed Account Shares Securitized Debt Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1627 |

---

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

**Federal income taxes. Each portfolio 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.**

For federal income tax purposes, as of May 31, 2022, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. These carryforwards do not expire. The following table details the capital loss carryforwards available as of May 31, 2022:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**No Expiration Date** | &nbsp;&nbsp;&nbsp;**No Expiration Date** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Short Term** | &nbsp;&nbsp;&nbsp;**Long Term** |
| Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $635377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $139158 |
| Managed Account Shares Securitized Debt Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366440 |

---

As of May 31, 2022, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

For federal income tax purposes, the costs of investments owned on November 30, 2022, including short-term investments, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Aggregate<br> cost** | &nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation** | &nbsp;&nbsp;&nbsp;**Unrealized<br> (depreciation)** | &nbsp;&nbsp;&nbsp;**Net unrealized<br> appreciation/<br> (depreciation)** |
| Managed Account Shares Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $66650252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $139680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5402167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5262487) |
| Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35693224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4021159) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3952755) |
| Managed Account Shares Securitized Debt Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77529062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4443643) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4389532) |

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32 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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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 portfolios generally declare dividends daily and pay them monthly. Capital gain distributions, if any, are typically distributed annually.**

Such distributions, on a tax basis, 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 portfolios' financial statements as a return of capital. The final determination of tax characteristics of the portfolio's distribution will occur at the end of the year and will subsequently be reported to shareholders.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. 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 wash sale loss deferrals, distributions payable, and amortization and accretion on debt securities.

#### Note 3 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.

#### Note 4 — Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. 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 portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor equivalent on an annual basis to the sum of 0.63% of the portfolios' average daily net assets. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.**

The Advisor has contractually agreed to waive or reimburse all of the portfolios' operating expenses. Expenses, means all expenses, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolios' business, borrowing costs, acquired fund fees and expenses paid indirectly. This agreement expires on September 30, 2023, unless renewed by mutual agreement of the portfolios and Advisor based upon a determination that this is appropriate under the circumstances at that time.

The portfolios are an integral part of a separately managed account program, and the portfolios' manager, the portfolios' subadvisor or their affiliates will be compensated directly or indirectly by separately managed account program sponsors or program participants for managed account advisory services. Participants in a separately managed account program pay a "wrap" fee to the sponsor of the program. Participants pay no additional fees or expenses to purchase shares of the portfolios.

For the six months ended November 30, 2022, the expense reductions described above amounted to the following:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense Reductions** |
| Managed Account Shares Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $188393 |
| Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163159 |
| Managed Account Shares Securitized Debt Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224271 |

---

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 November 30, 2022, were equivalent to a net annual effective rate of 0.00% of each portfolio's average daily net assets.

**Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred, for the six months ended November 30, 2022, amounted to an annual rate of 0.02% of the portfolios' average daily net assets. For the six months ended November 30, 2022, these fees have been waived by the Advisor.**

**Transfer agent fees. The portfolios have a transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, based on the average daily net assets. For the six months ended November 30, 2022, the portfolios did not incur any transfer agent fees.**

**Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.**

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 33

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#### Note 5 — Portfolio share transactions
Transactions in portfolios' shares for the six months ended November 30, 2022 and for the year ended May 31, 2022 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Managed Account Shares Investment-Grade Corporate Bond Portfolio** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp; 4484742 | &nbsp;&nbsp;&nbsp;&nbsp; $37927318 | &nbsp;&nbsp;&nbsp;&nbsp; 2977309 | &nbsp;&nbsp;&nbsp;&nbsp; $29757868 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (1171945) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10106046) | &nbsp;&nbsp;&nbsp;&nbsp; (1184389) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11671130) |
| **Net increase** | &nbsp;&nbsp;&nbsp; **3312797** | &nbsp;&nbsp;&nbsp;&nbsp; **$27821272** | &nbsp;&nbsp;&nbsp; **1792920** | &nbsp;&nbsp;&nbsp;&nbsp; **$18086738** |
| **Total net increase** | &nbsp;&nbsp; **3312797** | &nbsp;&nbsp; **$27821272** | &nbsp;&nbsp; **1792920** | &nbsp;&nbsp; **$18086738** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp; 1835479 | &nbsp;&nbsp;&nbsp;&nbsp; $15171115 | &nbsp;&nbsp;&nbsp;&nbsp; 3508885 | &nbsp;&nbsp;&nbsp;&nbsp; $33536601 |
| Repurchased | &nbsp;&nbsp; (2242834) | &nbsp;&nbsp;&nbsp;&nbsp; (18518984) | &nbsp;&nbsp;&nbsp;&nbsp; (1444308) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13533997) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **(407355)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(3347869)** | &nbsp;&nbsp;&nbsp; **2064577** | &nbsp;&nbsp;&nbsp;&nbsp; **$20002604** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp; **(407355)** | &nbsp;&nbsp; **$(3347869)** | &nbsp;&nbsp; **2064577** | &nbsp;&nbsp; **$20002604** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Six Months Ended 11-30-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 5-31-22** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Managed Account Shares Securitized Debt Portfolio** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp; 5504283 | &nbsp;&nbsp;&nbsp;&nbsp; $50026415 | &nbsp;&nbsp;&nbsp;&nbsp; 3004097 | &nbsp;&nbsp;&nbsp;&nbsp; $29700124 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (1062324) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9695784) | &nbsp;&nbsp;&nbsp;&nbsp; (1402156) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13808308) |
| **Net increase** | &nbsp;&nbsp;&nbsp; **4441959** | &nbsp;&nbsp;&nbsp;&nbsp; **$40330631** | &nbsp;&nbsp;&nbsp; **1601941** | &nbsp;&nbsp;&nbsp;&nbsp; **$15891816** |
| **Total net increase** | &nbsp;&nbsp; **4441959** | &nbsp;&nbsp; **$40330631** | &nbsp;&nbsp; **1601941** | &nbsp;&nbsp; **$15891816** |

---

#### Note 6 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the six months ended November 30, 2022:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;**Sales** |
| Managed Account Shares Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp; $34814514 | &nbsp;&nbsp; $8488951 |
| Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | &nbsp;&nbsp; 12082821 | &nbsp;&nbsp; 15677575 |
| Managed Account Shares Securitized Debt Portfolio | &nbsp;&nbsp; 44594302 | &nbsp;&nbsp; 6074829 |

---

#### Note 7 — LIBOR discontinuation risk
LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR. As market participants transition away from LIBOR, LIBOR's usefulness may deteriorate and these effects could be experienced until the permanent cessation of the majority of U.S. LIBOR rates in 2023. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR's deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.

The ICE Benchmark Administration Limited, the administrator of LIBOR, ceased publishing certain LIBOR maturities, including some U.S. LIBOR maturities, on December 31, 2021, and is expected to cease publishing the remaining and most liquid U.S. LIBOR maturities on June 30, 2023. It is expected that market participants have or will transition to the use of alternative reference or benchmark rates prior to the applicable LIBOR publication cessation date. Additionally, although regulators have encouraged the development and adoption of alternative rates such as the Secured Overnight Financing Rate ("SOFR"), the future utilization of LIBOR or of any particular replacement rate remains uncertain.

The impact on the transition away from LIBOR referenced financial instruments remains uncertain. It is expected that market participants will adopt alternative rates such as SOFR or otherwise amend such financial instruments to include fallback provisions and other measures that contemplate the discontinuation of LIBOR. Uncertainty and risk remain regarding the willingness and ability of issuers and lenders to include alternative rates and revised provisions in new and existing contracts or instruments. To facilitate the transition of legacy derivatives contracts referencing LIBOR, the International Swaps and Derivatives Association, Inc. launched a protocol to incorporate fallback provisions. There are obstacles to converting certain longer term securities to a new benchmark or benchmarks and the effectiveness of one versus multiple alternative reference rates has not been determined. Certain proposed replacement rates, such as SOFR, are materially different from LIBOR, and will require changes to the applicable spreads. Furthermore, the risks associated with the conversion from LIBOR may be exacerbated if an orderly transition is not completed in a timely manner.

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#### Note 8 — Coronavirus (COVID-19) pandemic
The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance.

#### Note 9 — New accounting pronouncement
In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2024. Management expects that the adoption of the guidance will not have a material impact to the financial statements.

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 35

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#### SHAREHOLDER MEETING

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(Unaudited)

The portfolios held a Special Joint Meeting of Shareholders on Friday, September 9, 2022. The following proposal was considered by the shareholders:

#### Proposal: To elect eight Trustees as members of the Board of Trustees of each of the Trusts.
THE PROPOSAL <u>PASSED</u> ON September 9, 2022.

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total votes<br> for the nominee** | &nbsp;&nbsp;&nbsp;&nbsp;**Total votes withheld<br> from the nominee** |
| **Independent Trustees** |  |  |
| James R. Boyle | &nbsp;&nbsp;&nbsp;&nbsp;177164340.014 | &nbsp;&nbsp;&nbsp;&nbsp;3716147.788 |
| Noni L. Ellison | &nbsp;&nbsp;&nbsp;&nbsp;177128347.574 | &nbsp;&nbsp;&nbsp;&nbsp;3752140.228 |
| Dean C. Garfield | &nbsp;&nbsp;&nbsp;&nbsp;177036851.380 | &nbsp;&nbsp;&nbsp;&nbsp;3843636.422 |
| Patricia Lizarraga | &nbsp;&nbsp;&nbsp;&nbsp;177237883.950 | &nbsp;&nbsp;&nbsp;&nbsp;3642603.852 |
| Frances G. Rathke | &nbsp;&nbsp;&nbsp;&nbsp;177205849.291 | &nbsp;&nbsp;&nbsp;&nbsp;3674638.511 |

---

---

| | | |
|:---|:---|:---|
| **Non-Independent Trustees** |  |  |
| Andrew G. Arnott | &nbsp;&nbsp;&nbsp;&nbsp;177,118,200.389 | &nbsp;&nbsp;&nbsp;&nbsp;3,762,287.413 |
| Marianne Harrison | &nbsp;&nbsp;&nbsp;&nbsp;177,285,876.701 | &nbsp;&nbsp;&nbsp;&nbsp;3,594,611.101 |
| Paul Lorentz | &nbsp;&nbsp;&nbsp;&nbsp;177,166,810.586 | &nbsp;&nbsp;&nbsp;&nbsp;3,713,677.216 |

---

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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 Strategic Series (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor), for John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 21-23, 2022 videoconference<sup>1</sup> 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 May 24-25, 2022. 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 videoconference meetings held on June 21-23, 2022, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, 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, 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 meetings 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 May and June meetings and throughout the year was both written and oral. The Board noted the afﬁliation of the Subadvisor with the Advisor, noting any potential conﬂicts of interest. 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 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 its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of fund performance and operations throughout the year.

*<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 Trust'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 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 of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the signiﬁcant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.*

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<sup>1</sup>On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the "Order") pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board's May and June meetings were held via videoconference in reliance on the Order. This exemptive order supersedes, in part, a similar, earlier exemptive order issued by the SEC.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationship, 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 issues;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Advisor's reputation and experience in serving as an investment advisor to the Trust 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:*

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index and its peer group median for the one-year period ended December 31, 2021 and underperformed for the period from July 31, 2019 through December 31, 2021. The Board took into account management's discussion of the fund's performance, including the fund's favorable performance relative to the benchmark index and its peer group median for the one-year period. The Board noted the relatively recent inception period of the fund. The Board concluded that the fund's performance has generally been in line with or outperformed the historical performance of comparable funds and the fund's benchmark index.

*<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. 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 net management fees and net total expenses for the fund were equal to the peer group median.*

The Board noted that the fund is intended to serve solely as a completion vehicle for separately managed accounts and that the fund is not distributed on a stand- alone basis. As such, and consistent with these types of products, the Board further noted that the Advisor is waiving the fund's net total expenses to zero. The Board also took into account management's discussion with respect to the management fee, the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fees, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor, and not the fund, is responsible for paying the subadvisory fees. As discussed above, the Board also noted that the Advisor has agreed to waive fees and/or reimburse expenses with respect to the fund.

*Proﬁtability/Fall out beneﬁts. In considering the costs of the services to be provided and the proﬁts to be realized by the Advisor and its afﬁliates (including the Subadvisor) from the Advisor's relationship with the Trust, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)reviewed ﬁnancial information of the Advisor;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)received information with respect to the Advisor's allocation methodologies used in preparing the proﬁtability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)considered that the John Hancock insurance companies that are afﬁliates of the Advisor, as shareholders of the Trust 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 Trust 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;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)noted that the fund's Subadvisor is an afﬁliate of the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)noted that the Advisor also derives reputational and other indirect beneﬁts from providing advisory services to the fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)noted that the subadvisory fee for the fund is paid by the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)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 level of proﬁtability, if any, of the Advisor and its afﬁliates (including the Subadvisor) 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 as the fund grows and whether fee levels reﬂect these economies of scale for the beneﬁt of fund shareholders, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)considered that the Advisor has agreed to waive all of its management fee and/or reimburse or pay operating expenses of the fund to reduce operating expenses to zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)also took into account management's discussion of the fund's advisory fee structure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds.

*<u>Nature, extent, and quality of services</u>. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of stafﬁng and its overall resources, as well as received 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 also 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, including regarding investment processes and organizational and stafﬁng matters. The Board also noted that the Trust'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.

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 39

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*<u>Subadvisor compensation</u>. In considering the cost of services to be 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 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 and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board also noted that the limited size of the Lipper peer group was not sufﬁcient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, 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 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the Subadvisor has extensive experience and demonstrated skills as a manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the fund's performance has generally been in line with or outperformed the historical performance of comparable funds and the fund's benchmark index;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)noted 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, the Board, including the Independent Trustees, concluded that renewal 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.

40 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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

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This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Strategic Series (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor), for John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 21-23, 2022 videoconference<sup>1</sup> 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 May 24-25, 2022. 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 videoconference meetings held on June 21-23, 2022, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, 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, 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 meetings 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 May and June meetings and throughout the year was both written and oral. The Board noted the afﬁliation of the Subadvisor with the Advisor, noting any potential conﬂicts of interest. 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 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 its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of fund performance and operations throughout the year.

*<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 Trust'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 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 of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the signiﬁcant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.*

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<sup>1</sup>On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the "Order") pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board's May and June meetings were held via videoconference in reliance on the Order. This exemptive order supersedes, in part, a similar, earlier exemptive order issued by the SEC.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationship, 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 issues;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Advisor's reputation and experience in serving as an investment advisor to the Trust 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:*

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index and its peer group median for the one-year period ended December 31, 2021 and for the period from July 31, 2019 through December 31, 2021. The Board took into account management's discussion of the factors that contributed to the fund's performance relative to its benchmark index and peer group median for the one-year period and for the period from July 31, 2019 through December 31, 2021 including the impact of past and current market conditions on the fund's strategy and management's outlook for the fund. The Board noted the relatively recent inception period of the fund. The Board concluded that the fund's performance is being monitored and reasonably addressed, where appropriate.

*<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. 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 net management fees and net total expenses for the fund were equal to the peer group median.*

The Board noted that the fund is intended to serve solely as a completion vehicle for separately managed accounts and that the fund is not distributed on a stand- alone basis. As such, and consistent with these types of products, the Board further noted that the Advisor is waiving the fund's net total expenses to zero. The Board also took into account management's discussion with respect to the management fee, the fees of the Subadvisor, including the amount of the advisory fee to be retained by the Advisor after payment of the subadvisory fees, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor, and not the fund, is responsible for paying the subadvisory fees. As discussed above, the Board also noted that the Advisor has agreed to waive fees and/or reimburse expenses with respect to the fund.

*<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 (including the Subadvisor) from the Advisor's relationship with the Trust, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)reviewed ﬁnancial information of the Advisor;

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

42 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)received information with respect to the Advisor's allocation methodologies used in preparing the proﬁtability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)considered that the John Hancock insurance companies that are afﬁliates of the Advisor, as shareholders of the Trust 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 Trust 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;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)noted that the fund's Subadvisor is an afﬁliate of the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)noted that the Advisor also derives reputational and other indirect beneﬁts from providing advisory services to the fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)noted that the subadvisory fee for the fund is paid by the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)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 level of proﬁtability, if any, of the Advisor and its afﬁliates (including the Subadvisor) 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 as the fund grows and whether fee levels reﬂect these economies of scale for the beneﬁt of fund shareholders, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)considered that the Advisor has agreed to waive all of its management fee and/or reimburse or pay operating expenses of the fund to reduce operating expenses to zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)also took into account management's discussion of the fund's advisory fee structure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)also considered the potential effect of the fund's future growth in size on their 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds.

*<u>Nature, extent, and quality of services</u>. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of stafﬁng and its overall resources, as well as received 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 also 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, including regarding investment processes and organizational and stafﬁng matters. The Board also noted that the Trust'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.

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*<u>Subadvisor compensation</u>. In considering the cost of services to be 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 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 and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board also noted that the limited size of the Lipper peer group was not sufﬁcient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, 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 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the Subadvisor has extensive experience and demonstrated skills as a manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the performance of the fund is being monitored and reasonably addressed, where appropriate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)noted 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, the Board, including the Independent Trustees, concluded that renewal 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.

44 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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

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This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Strategic Series (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor), for John Hancock Managed Account Shares Securitized Debt Portfolio (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 21-23, 2022 videoconference<sup>1</sup> 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 May 24-25, 2022.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 videoconference meetings held on June 21-23, 2022, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, 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, 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 meetings 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 May and June meetings and throughout the year was both written and oral. The Board noted the afﬁliation of the Subadvisor with the Advisor, noting any potential conﬂicts of interest. 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 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 its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of fund performance and operations throughout the year.

*<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 Trust'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 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 of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the signiﬁcant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.*

------

<sup>1</sup>On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the "Order") pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board's May and June meetings were held via videoconference in reliance on the Order. This exemptive order supersedes, in part, a similar, earlier exemptive order issued by the SEC.

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 45

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationship, 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 issues;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Advisor's reputation and experience in serving as an investment advisor to the Trust 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:*

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index for the one-year period ended December 31, 2021 and for the period from July 31, 2019 through December 31, 2021. The Board also noted that the fund underperformed its peer group median for the one-year period ended December 31, 2021 and for the period from July 31, 2019 through December 31, 2021. The Board took into account management's discussion of the fund's performance, and noted the relatively recent inception period of the fund. The Board concluded that the fund's performance is being monitored and reasonably addressed, where appropriate.

*<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. 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 net management fees and net total expenses for the fund were equal to the peer group median.*

The Board noted that the fund is intended to serve solely as a completion vehicle for separately managed accounts and that the fund is not distributed on a stand- alone basis. As such, and consistent with these types of products, the Board further noted that the Advisor is waiving the fund's net total expenses to zero. The Board also took into account management's discussion with respect to the management fee, the fees of the Subadvisor, including the amount of the advisory fee to be retained by the Advisor after payment of the subadvisory fees, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor, and not the fund, is responsible for paying the subadvisory fees. As discussed above, the Board also noted that the Advisor has agreed to waive fees and/or reimburse expenses with respect to the fund.

*<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 (including the Subadvisor) from the Advisor's relationship with the Trust, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)reviewed ﬁnancial information of the Advisor;

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

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

46 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)received information with respect to the Advisor's allocation methodologies used in preparing the proﬁtability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)considered that the John Hancock insurance companies that are afﬁliates of the Advisor, as shareholders of the Trust 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 Trust 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;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)noted that the fund's Subadvisor is an afﬁliate of the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)noted that the Advisor also derives reputational and other indirect beneﬁts from providing advisory services to the fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)noted that the subadvisory fee for the fund is paid by the Advisor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)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 level of proﬁtability, if any, of the Advisor and its afﬁliates (including the Subadvisor) 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 as the fund grows and whether fee levels reﬂect these economies of scale for the beneﬁt of fund shareholders, the Board:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)considered that the Advisor has agreed to waive all of its management fee and/or reimburse or pay operating expenses of the fund to reduce operating expenses to zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)also took into account management's discussion of the fund's advisory fee structure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)also considered the potential effect of the fund's future growth in size on their 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds.

*<u>Nature, extent, and quality of services</u>. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of stafﬁng and its overall resources, as well as received 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 also 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, including regarding investment processes and organizational and stafﬁng matters. The Board also noted that the Trust'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 to be 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 received information and took into account any other potential conﬂicts of interest the Advisor might have in connection with the Subadvisory Agreement.*

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 47

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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 and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board also noted that the limited size of the Lipper peer group was not sufﬁcient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, 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 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the Subadvisor has extensive experience and demonstrated skills as a manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the performance of the fund is being monitored and reasonably addressed, where appropriate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)noted 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, the Board, including the Independent Trustees, concluded that renewal 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.

48 JOHN HANCOCK MANAGED ACCOUNT SHARES \| SEMIANNUAL REPORT

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More information

#### Trustees
Hassell H. McClellan, *Chairperson* Steven R. Pruchansky, *Vice Chairperson* Andrew G. Arnott<sup>†</sup>

James R. Boyle

Peter S. Burgess<sup>\*,#</sup>

William H. Cunningham<sup>\*</sup>

Grace K. Fey

Noni L. Ellison<sup>^</sup>

Dean C. Garfield<sup>^</sup>

Marianne Harrison<sup>†</sup>

Deborah C. Jackson

Patricia Lizarraga<sup>\*,^</sup>

Paul Lorentz<sup>‡</sup>

Frances G. Rathke<sup>\*</sup>

Gregory A. Russo

#### Officers
Andrew G. Arnott

*President*

Charles A. Rizzo

*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
Manulife Investment Management (US) LLC

#### Portfolio Managers
Jeffrey N. Given, CFA

Howard C. Greene, CFA

Connor Minnaar, CFA<sup>§</sup>

Pranay Sonalkar

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

#### Custodian
State Street Bank and Trust Company

#### Transfer agent
John Hancock Signature Services, Inc.

#### Legal counsel
K&L Gates LLP

<sup>†</sup> Non-Independent Trustee

\* Member of the Audit Committee

<sup>#</sup> Mr. Burgess is retiring effective December 31, 2022.

^ Elected to serve as Independent Trustee effective as of September 9, 2022.

‡ Elected to serve as Non-Independent Trustee effective as of September 9, 2022.

<sup>§</sup> Portfolio manager of John Hancock Managed Account Shares Securitized Debt Portfolio only.

The portfolios' 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 portfolios' 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 portfolios' 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 portfolio details available on our website at jhinvestments.com or by calling 800-247-0278.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;You can also contact us: |  |  |
| &nbsp;&nbsp;&nbsp;**800-247-0278** | **Regular mail:** | **Express mail:** |
| &nbsp;&nbsp;&nbsp;**jhinvestments.com** | John Hancock Signature Services, Inc.<br> P.O. Box 219909<br> Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc.<br> 430 W 7<sup>th</sup> Street<br> Suite 219909<br> Kansas City, MO 64105-1407 |

---

SEMIANNUAL REPORT \| JOHN HANCOCK MANAGED ACCOUNT SHARES 49

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![](img893f79a713.gif)

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

![](imgd4305a6814.gif)

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

John Hancock family of funds

#### U.S. EQUITY FUNDS

------

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

#### INTERNATIONAL EQUITY FUNDS

------

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Environmental Opportunities

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

#### FIXED-INCOME FUNDS

------

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

#### ALTERNATIVE FUNDS

------

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-247-0278, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

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[**Table of Contents**](#JOB_Manag_69e3b502-a156-42f3-a927-e39ab6fcce46_TofC)

#### EXCHANGE-TRADED FUNDS

------

John Hancock Corporate Bond ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

#### ASSET ALLOCATION/TARGET DATE FUNDS

------

Balanced

Multi-Asset High Income

Multi-Index Lifestyle Portfolios

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

#### ENVIRONMENTAL,SOCIAL, AND GOVERNANCE FUNDS

------

ESG Core Bond

ESG International Equity

ESG Large Cap Core

#### CLOSED-END FUNDS

------

Asset-Based Lending

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

*John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.*

*John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP.*

*Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.*

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## A trusted brand
John Hancock Investment Management is a premier asset manager

with a heritage of financial stewardship dating back to 1862. Helping

our shareholders pursue their financial goals is at the core of everything

we do. It's why we support the role of professional financial advice

and operate with the highest standards of conduct and integrity.

## A better way to invest
We serve investors globally through a unique multimanager approach:

We search the world to find proven portfolio teams with specialized

expertise for every strategy we offer, then we apply robust investment

oversight to ensure they continue to meet our uncompromising

standards and serve the best interests of our shareholders.

## Results for investors
Our unique approach to asset management enables us to provide

a diverse set of investments backed by some of the world's best

managers, along with strong risk-adjusted returns across asset classes.

"A trusted brand" is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

![](imgf6e20e6f15.jpg)

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC

200 Berkeley Street, Boston, MA 02116-5010, 800-247-0278, jhinvestments.com

Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used 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 Managed Account Shares. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

![](imgc56894f116.jpg)

MF2630391 JHMASSA 11/22

1/2023

------

ITEM 2. CODE OF ETHICS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Not Applicable

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not Applicable

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Not Applicable

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not Applicable

ITEM 6. SCHEDULE OF INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Not Applicable

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED- END MANAGEMENT INVESTMENT COMPANIES.

Not applicable

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

(a)The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N- CSR. See attached "John Hancock Funds – Nominating and Governance Committee Charter".

ITEM 11. 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 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable

ITEM 13. EXHIBITS.

(a)(1) Not applicable

[(a)(2) 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.](f12670d2.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.](f12670d3.htm)

[(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached "John Hancock Funds – Nominating and Governance Committee Charter".](f12670d4.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 Strategic Series

---

| | |
|:---|:---|
| By: | <u>/s/ Andrew Arnott</u> |
|  | Andrew Arnott |
|  | President |
| Date: | January 10, 2023 |

---

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: | &nbsp;&nbsp; <u>/s/ Andrew Arnott</u> |
|  | Andrew Arnott |
|  | President |
| Date: | January 10, 2023 |

---

---

| | |
|:---|:---|
| By: | <u>/s/ Charles A. Rizzo</u> |
|  | Charles A. Rizzo |
|  | Chief Financial Officer |
| Date: | January 10, 2023 |

---

------

## Ex-99.(A)(2)

**<u>CERTIFICATION</u>**

I, Andrew Arnott, certify that:

1. I have reviewed this report on Form N-CSR of the John Hancock Strategic Series;

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(s) 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(s) 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: <u>January 10, 2023</u> | <u>/s/ Andrew Arnott</u> |
|  | Andrew Arnott |
|  | President |

---

------

**<u>CERTIFICATION</u>**

I, Charles A. Rizzo, certify that:

1. I have reviewed this report on Form N-CSR of the John Hancock Strategic Series;

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(s) 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(s) 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: January 10, 2023 | <u>/s/ Charles A. Rizzo</u> |
|  | Charles A. Rizzo |
|  | Chief 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 Strategic Series (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.

<u>/s/ Andrew Arnott</u> Andrew Arnott President

Dated: January 10, 2023

<u>/s/ Charles A. Rizzo</u> Charles A. Rizzo Chief Financial Officer

Dated: January 10, 2023

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.

## Ex-99.(C)(1)

![](g9w8eb3e3zpvzqokbwcup.jpg)

**JOHN HANCOCK FUNDS[<sup>1</sup>](#page_1)**

**<u>NOMINATING AND GOVERNANCE COMMITTEE CHARTER</u>**

**Overall Role and Responsibility**

The Nominating and Governance Committee (the "Committee") of each of the Trusts shall (1) make determinations and recommendations to the Board of Trustees (the "Board") regarding issues related to (a) the composition of the Board and (b) corporate governance matters applicable to the Trustees who are not "interested persons" as defined in the Investment Company Act of 1940, as amended (the "1940 Act"), of any of the Trusts, or of any Fund's investment adviser, subadviser or principal underwriter and who are "independent" as defined in the rules of the New York Stock Exchange ("NYSE") (the "Independent Trustees") and (2) discharge such additional duties, responsibilities and functions as are delegated to it from time to time.

**Membership**

The Nominating and Governance Committee (the "Committee") shall be composed of all of the Independent Trustees of the Board. One member of the Committee shall be appointed by the Board as Chair of the Committee. The chair shall be responsible for leadership of the Committee, including scheduling meetings or reviewing and approving the schedule for them, preparing agendas or reviewing and approving them before meetings, presiding over meetings of the Committee and making reports to the full Board, as appropriate.

**Structure, Operations and Governance**

<u>Meetings and Actions by Written Consent</u>. The Committee shall meet as often as required or as the Committee deems appropriate, with or without management present. Meetings may be called and notice given by the Committee chair or a majority of the members of the Committee. Members may attend meetings in person or by telephone. The Committee may act by written consent to the extent permitted by law and the Funds' governing documents. The Committee shall report to the Board on any significant action it takes not later than the next following Board meeting.

<u>Required Vote and Quorum</u>. The affirmative vote of a majority of the members of the Committee participating in any meeting of the Committee at which a quorum is present is necessary for the adoption of any resolution. At least a majority of the Committee members present at the meeting in person or by telephone shall constitute a quorum for the transaction of business.

1"John Hancock Funds" includes each trust and series as may be amended from time to time (each individually, a "Trust," and collectively, the "Trusts," and each series thereof, a "Portfolio" or "Fund," and collectively, the "Portfolios" or "Funds").

<u>Delegation to Subcommittees</u>. The Committee may delegate any portion of its authority to a subcommittee of one or more members.

<u>Appropriate Resources and Authority</u>. The Committee shall have the resources and authority appropriate to discharge its responsibilities, including the authority to retain special counsel and other advisers, experts or consultants, at the Funds' expense, as it determines necessary or appropriate to carry out its duties and responsibilities. In addition, the Committee shall have direct access to such officers of and service providers to the Funds as it deems desirable.

<u>Review of Charter</u>. The Committee Charter shall be approved by at least a majority of the Independent Trustees of the Trust. The Committee shall review and assess the adequacy of this Charter periodically and, where necessary or as it deems desirable, will recommend changes to the Board for its approval. The Board may amend this Charter at any time in response to recommendations from the Committee or on its own motion.

<u>Executive Sessions</u>. The Committee may meet privately and may invite non-members to attend such meetings. The Committee may meet with representatives of the Investment Management Services department of the Funds' advisers, internal legal counsel of the Funds' advisers, members of the John Hancock Funds Risk & Investment Operations Committee (the "RIO Committee") and with representatives of the Funds' service providers, including the subadvisers, to discuss matters that relate to the areas for which the Committee has responsibility.

**Specific Duties and Responsibilities**

The Committee shall have the following duties and powers, to be exercised at such times and in such manner as the Committee shall determine:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Except where a Trust is legally required to nominate individuals recommended by another, to identify individuals qualified to serve as Independent Trustees of the Trusts, and to consider and recommend to the full Board nominations of individuals to serve as Trustees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.To consider, as it deems necessary or appropriate, the criteria for persons to fill existing or newly created Trustee vacancies. The Committee shall use the criteria and principles set forth in Annex A to guide its Trustee selection process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.To consider and recommend changes to the Board regarding the size, structure, and composition of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.To evaluate, from time to time, and determine changes to the retirement policies for the Independent Trustees, as appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.To periodically review the Board's committee structure and, in collaboration with the Chairs of the various Committees, the charters of the Board's committees, and

recommend to the Board of Trustees changes to the committee structure and charters as it deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.To retain and terminate any firm(s) to be used to identify or evaluate or assist in identifying or evaluating potential Independent Board nominees, subject to the Board's sole authority to approve the firm's fees and other retention terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.To consider and determine the amount of compensation to be paid by the Trusts to the Independent Trustees, including the compensation of the Chair of the Board or any Vice-Chair of the Board and of Committee Chairs, and to address compensation-related matters. The Chair of the Board has been granted the authority to approve special compensation to Independent Trustees in recognition of any significant amount of additional time and service to the Trusts provided by them, subject to ratification of any such special compensation by the Committee at the next regular meeting of the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.To coordinate and administer an annual self-evaluation of the Board, which will include, at a minimum, a review of its effectiveness in overseeing the number of Funds in the Fund complex and the effectiveness of its committee structure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.To review the Board Governance Procedures and recommend to the Board of Trustees changes to the Procedures as the Committee deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.To report its activities to the full Board and to make such recommendations with respect to the matters described above and other matters as the Committee may deem necessary or appropriate.

**Additional Responsibilities**

The Committee will also perform other tasks assigned to it from time to time by the Chair of the Board or by the Board, and will report findings and recommendations to the Board, as appropriate.

Last revised: December 12, 2018

<u>ANNEX A</u>

The Committee may take into account a wide variety of factors in considering Trustee candidates, including (but not limited to) the criteria set forth below. The Committee may determine that a candidate who does not satisfy these criteria in one or more respects should nevertheless be considered as a nominee if the Committee finds that the criteria satisfied by the candidate and the candidate's other qualifications demonstrate the appropriate level of fitness to serve.

**General Criteria**

1. Nominees should have a reputation for integrity, honesty and adherence to high ethical standards, and such other personal characteristics as a capacity for leadership and the ability to work well with others.

2. Nominees should have business, professional, academic, financial, accounting or other experience and qualifications which demonstrate that they will make a valuable contribution as Trustees.

3. Nominees should have a commitment to understand the Funds, and the responsibilities of a trustee/director of an investment company and to regularly attend and participate in meetings of the Board and its committees.

4. Nominees should have the ability to understand the sometimes conflicting interests of the various constituencies of the Funds, including shareholders and the investment adviser, and to act in the interests of all shareholders.

5. Nominees should not have, nor appear to have, a conflict of interest that would impair their ability to represent the interests of all the shareholders and to fulfill the responsibilities of a trustee.

6. Nominees should have experience on corporate or other institutional bodies having oversight responsibilities.

It is the intent of the Committee that at least one Independent Trustee be an "audit committee financial expert" as that term is defined in Item 3 of Form N-CSR.

Application of Criteria to Current Trustees

The re-nomination of current Trustees should not be viewed as automatic, but should be based on continuing qualification under the criteria set forth above based on, among other things, the current Trustee's contribution to the Board and any committee on which he or she serves.

**Review of Nominations**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Committee believes that it is in the best interests of each Trust and its shareholders to obtain highly-qualified candidates to serve as members of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.In nominating candidates who would be Independent Trustees, the Committee believes that no particular qualities or skills nor any specific minimum qualifications or disqualifications are controlling or paramount. The Committee shall take into consideration any such factors as it deems appropriate; however, the appropriate mix of skills, expertise and attributes needed to maintain an effective board are sought in the applicant pool as part of every search the Board undertakes for new trustees, including but not limited to the diversity of thought, as well as of gender, race, ethnic background and geographic origin. These factors may also include (but are not limited to) the person's character, integrity, judgment, skill and experience with investment companies and other organizations of comparable purpose, complexity and size and subject to similar legal restrictions and oversight; the interplay of the candidate's experience with the experience of other Board members; and the extent to which the candidate would be a desirable addition to the Board and any Committees thereof. Other factors that the Committee may take into consideration include a person's availability and commitment to attend meetings and perform his or her responsibilities; whether or not the person has or had any relationships that might impair or appear to impair his or her independence, such as any business, financial or family relationships with Fund management, the investment adviser and/or any subadviser of the Funds, as applicable, Fund service providers, or their affiliates or with Fund shareholders. The Committee will strive to achieve a group that reflects a diversity of experiences in respect of industries, professions and other experiences, and that is diversified as to thought, gender, race, ethnic background and geographic origin.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.While the Committee is solely responsible for the selection and recommendation to the Board of Independent Trustee candidates, the Committee may consider nominees recommended by any source, including shareholders, management, legal counsel and Board members, as it deems appropriate. The Committee may retain a professional search firm or a consultant to assist the Committee in a search for a qualified candidate. Any recommendations from shareholders shall be directed to the Secretary of the relevant Trust at such address as is set forth in the Trust's disclosure documents. Recommendations from management may be submitted to the Committee Chair. All recommendations shall include all information relating to such person that is required to be disclosed in solicitations of proxies for the election of Board members and as specified

in the relevant Trust's By-Laws, and must be accompanied by a written consent of the proposed candidate to stand for election if nominated for the Board and to serve if elected by shareholders.

4. Any shareholder nomination must be submitted in compliance with all of the pertinent provisions of Rule 14a-8 under the Securities Exchange Act of 1934 in order to be considered by the Committee. In evaluating a nominee recommended by a shareholder, the Committee, in addition to the criteria discussed above, may consider the objectives of the shareholder in submitting that nomination and whether such objectives are consistent with the interests of all shareholders. If the Board determines to include a shareholder's candidate among the slate of its designated nominees, the candidate's name will be placed on the Trust's proxy card. If the Board determines not to include such candidate among its designated nominees, and the shareholder has satisfied the requirements of Rule 14a-8, the shareholder's candidate will be treated as a nominee of the shareholder who originally nominated the candidate. In that case, the candidate will not be named on the proxy card distributed with the Trust's proxy statement.

5. As long as a current Independent Trustee continues, in the opinion of the Committee, to satisfy the criteria listed above, the Committee generally would favor the re-nomination of a current Trustee rather than a new candidate. Consequently, while the Committee will consider nominees recommended by shareholders to serve as trustees, the Committee may only act upon such recommendations if there is a vacancy on the Board, or the Committee determines that the selection of a new or additional Trustee is in the best interests of the relevant Trust. In the event that a vacancy arises or a change in Board membership is determined to be advisable, the Committee will, in addition to any shareholder recommendations, consider candidates identified by other means as discussed in this Annex A.

6. With respect to candidates for Independent Trustee, a biography of each candidate shall be acquired and shall be reviewed by counsel to the Independent Trustees and counsel to the Trust to determine the candidate's eligibility to serve as an Independent Trustee.

7. The Committee may from time to time establish specific requirements and/or additional factors to be considered for Independent Trustee candidates as it deems necessary or appropriate.

8. After its consideration of relevant factors, the Committee shall present its recommendation(s) to the full Board for its consideration.